...to which the Companies act of 1867 (see. 25) applied. That section in the act was in these words : " Every share in any company shall be deemed and taken...to the payment of the whole amount thereof in cash, unless the game shall have been otherwise determined by a contract duly made in writing, and filed...

...Every share in a company registered under this Act, excepting a no-liability Company, shall be deemed to have been issued and to be held subject to the payment of the whole amount thereof in cash, unless it shall have been otherwise determined by the memorandum or articles or by a contract, duly...

...provision similar to sec. 25 of the English Companies Act of 1867, which provides that every share "shall be deemed and taken to have been issued and...to the payment of the whole amount thereof in cash, unless the same shall have been otherwise determined by contract duly made in writing, and filed with...

...— "A company shall not commence any business or exercise any borrowing powers unless : " (a) Shares held subject to the payment of the whole amount thereof in cash have been allotted to an amount not less in the whole than the minimum subscription; and, " (b) Every...

...to allotment as fixed by the Memorandum or Articles of Association of the Company is £ . 3. Shares held subject to the payment of the whole amount thereof in cash have been allotted to the amount of £* -. 4. Every director of the Company has paid to the Company...

...liquidation the 25th section, which was made for the protection of creditors, applies. That section provides that " every share in any company shall be deemed...to the payment of the whole amount thereof in cash, unless the same shall have been otherwise determined by я contract duly made in writing and filed...

...such a filing of a contract as to comply with sect. 25 of the Act of 1867, which is as follows : " Every share in any company shall be deemed and taken...to the payment of the whole amount thereof in cash, unless the same shall have been otherwise determined by a contract duly made in writing, and filed...

...Act, to companies formed after the Act comes into operation. The section provides that " every share m any company shall be deemed and taken to have been...to the payment of the whole amount thereof in cash, unless the same shall have been otherwise determined by a contract duly made in writing, and filed...

...otherwise determining filed at or before issue of share.—The Companies Act 18Ü7, by sect. 25, provides that, " every share in any company shall be deemed...been issued and to be held subject to the payment thereof in cash, unless the same shall have been otherwise determined by а contract duly made in writing,...

...prospectus as the minimum subscription upon which the Company may proceed to allotment is £ That shares held subject to the payment of the whole amount thereof in cash have been allotted to the amount of £ That every Director of the Company has paid to the Company on...