Com pante. (Ch. 31. No. 1.

or other person responsible for the prospectus shall not
incur any liability by reason of the non-compliance or
contravention, if
(a) as regards any matter not disclosed, he prove
that he was not cognisant thereof; or
(6) he proves that the non-compliance or contra-
vention arose from an honest mistake of fact on his
part oor
(c) the non-compliance or contravention was in
respect of matters which, in the opinion of the Court
dealing with the ease, were immaterial or were other-
wise such as ought, in the opinion of that Court, having
regard to all the circumstances of the case, reasonably
to be excused: "
Provided that, in the event of failure to include in
prospectus a statement with respect to the matters con-
tained in paragraph 15 of Part T. of the Fourth Schedule
to this Ordinance, no director or other person shall incur
any Hability in respect of the failure unless it be proved
that he had knowledge of the matters not disclosed.

(+) Nothing in this section shall limit or diminish
any lability which any person may incur under the general
law or this Ordinance, apart from this section.

310. (1) It shall not be lawful for any person to go from
house to house offering shares for subscription or purchase
to the public or any member of the public.

In this subsection the expression ‘ house ’”’ shajl_ not
include an office used for business purposes.

(2) Subject as hereinafter provided in this subsec-
tion, it shaJl not be lawful to make an offer in writing to
any member of the public (not being a person whose
ordinary business or part of whose ordinary business it is
to buy or sell shares, whether as principal or agent) of any
shares for purchase, unless the offer is accompanied by a
statement in writing (which must be signed by the person
making the offer and dated) containing such particulars
as are required by this section to be included therein
and otherwise complying with the requirements of this
section, or, in the case of shares in a company incorporated
outside the Colony, either by such a statement as aforesaid,

T.—IV. 33

513

Restrictions
on offering
of shares for
subscription
or sale.