...than in cash, except by a registered contract. When the section says that the shares are to be deemed to have been issued, and to be held subject to the payment of the whole amount in cash, of course it means originally held, because it is " tho whole amount." It does not mean for...

...held subject to the payment of the whole amount thereof in cash, there not having been a contract made and filed with the registrar of joint stock companies at or before the issue of the shares that they were not to be so deemed and taken. Mr. Appleyard, however, says he did...

...in cash had thrown on them the burden of proving that their shares bad been issued in pursuance of " a contract duly made in writing, and filed with the...registrar of joint stock companies at or before the issue of such shares;" and for the purpose of discharging themselves of this burden it might be convenient...

...those above mentioned. By the Companies Act (1862) Amendment Act, 18G7, s. 25, it is enacted that " Every share in any company shall be deemed and taken to have been, and to Ьэ, held subject to the payment of the whole amount thereof 'in cash;' unless the same shall...

...section of the Companies Act, 1867, all shares are to be held subject to the payment of the whole amount in cash, unless the same shall have been otherwise determined by a contract dnly made " in writing." The company has no security for the 2000/. advanced by them to Wilson except...

...Amount is paid tip on some Shares than on others. XXV. Every Share in any Company shall be deemed ta^en to have been issued and to be held subject to the...Payment of the whole Amount thereof in Cash, unless to bo issued the same shall have been otherwise determined by a Con- au " tract duly made in Writing,...

...insert " and except as otherwise provided in this " Act every share in the Company shall be deemed to have been issued and to be held " subject to the payment of the whole amount thereof in cash." Page 2, line 4. — After " and " insert " depreciation " Page 2, line 7. — Leave out " up " and...

...is an implied contract created by statnte that " every share in any company shall be deemed and be taken to have been issued and to be held subject to...the payment of the whole amount thereof in cash." This statntory contract makes every contrary contract void. Such a statnte would be entirely just to...

...dividends upon the amount actually paid up. The 25th sec. of that Act declares that every share shall he deemed and taken to have been issued, and to be held...payment of the whole amount thereof in cash, unless otherwise determined by a contract in writing to be filed with the Regis, of Joint-Stock Cos. before...

...been made to remedy it. The Companies Act, 1867 (Stat. 30 & 31 Viet. c. 131), enacted by s. 25 — " Every share in any company shall be deemed and taken...registrar of Joint Stock Companies at or before the issue of such shares." The object of this section was to enable parties dealing with a company to ascertain...