522

Ch. 31. No. 1.] Compantes.

pay interest upon the sum at the rate of six per centum per annum from
the day appointed for the payment thereof to the time of the actual
payment, but the directors shall be at liberty to waive payment of that
interest wholly or in part.

The provisions of these regulations as to the liability of joint holders
and as to payment of interest shall apply in the case of non-payment of
any sum which, by the terms of issue of a share, becomes payable at a
fixed time, whether on account of the amount of the share, or by way of
premium, as ifthe ame had become payable by virtue of a call duly
made and notified,

The direetors may make arrangements on the issue of shares for
a Hilorene e between the holders in the amount of calls to be paid and
in the times of payment,

10, The directors may, if they think ft, receive from any member willing
to advance the Jame all or any part of the moneys uncalled and unpaid
upon any shares held by him, and upen all or any of the moneys so
advanced may (until the came would, but for such advance, become
presently pavable) pay interest at such rate (not exceeding without the
canetion of the company in general meeting, six per cent.) as may be
agreed upen between the member paying the sumtin adv and the
directors.

Transfer and transmission of shares

The instrument of transter of any share shall be sxeeuted by er on
be I ‘lt of the transferor and transferee, and the transferor shall be deemed
torem. a holder of the share until the name of the transferee is entered
in the register of menibers in respect thereof,

TS. Shoocs shall be transferred in the following form, al or
common form which the directors shall approve :

LAB. of in consideration of the sum of § paid
tome by C2). of (hereinafter called the said transferee")
do hereby transfer (o the said) transferee the share fer share.
numbered in the undertaking called) the Company

Limited, to hold unto the caid: transferee, subject to the several
conditions on which PE betd the came: and T, the said transferee, do
hereby agree to take the aid share fer share. subject to the conditions
aforecatd. As owithe. our hands the day of
19

Witness to the signatures of, ete.

19, The directors may decline to register any transfer of share. not
being fully paid share., toa person of whom they do not approve, and
may also decline to register any transfer of shares on which the company
hi adien. The directors may also suspend the registration of transfers
during the fourteen days immediately preceding the ordinary general
meeting in each year. The directors may decline to recognise any
instrument of transfer une.

(a) a fee not exceeding sixty cents is paid to the cempany in
respect thereof, and