. Legislative regulation of railway finance in England . ing and future companies should be required to make returns from time to time of all acts thereafter passed authorizing the borrowing of money or effecting any changes of their borrowing powers. To ac- 1 oomplish such purposes an elaborate form was proposed. 1. Form: Name of Company No. I. - Returns of Borrowing Pov/ers. Date :when :Recei-•ved. : ACTS OF PARIIAMESTi Amo int :author-:ized by:Acts. : Amount ;sane- ;tioned :- by :•share- :holders; ;Date of :Meeting ;; when j:sanction-::ed : Amt. of Deben-ture Bonds and:Debenture Stocksoutst
. Legislative regulation of railway finance in England . ing and future companies should be required to make returns from time to time of all acts thereafter passed authorizing the borrowing of money or effecting any changes of their borrowing powers. To ac- 1 oomplish such purposes an elaborate form was proposed. 1. Form: Name of Company No. I. - Returns of Borrowing Pov/ers. Date :when :Recei-•ved. : ACTS OF PARIIAMESTi Amo int :author-:ized by:Acts. : Amount ;sane- ;tioned :- by :•share- :holders; ;Date of :Meeting ;; when j:sanction-::ed : Amt. of Deben-ture Bonds and:Debenture Stocksoutstanding at:Date of Return • :Sonds.: Stock.£ : £ :150,000:50,000 ; 50,000: ■ : 300,000: :21 & 22 :23 Vict. c. 61 :24 Vict. c. 40 : £ •200,000:100,000r300,000 £ 1200,000: 50,000: 300,000 \ 1863 :Jan. 10:Feb. 12iJuly 12 :600,000 :550,000 : 500,000:50,000 * * ! 1864. Jan. 31. Sanctioned - £550,000: In Circulation:: (See Form No. II) : Debentures — £ 496,000: Debenture Stock — Within Limit £ 5,000. This form was to be filled out and filed by each companywith the keeper of the register. Each company should al30 be requi-red to certify to its correctness and be held responsible for it. Hg also proposed that each return should be registered in a separate book or a part of a book for each company. It should be incumbent on all companies, after the designated date, to transmit to the respective registrars for registration, before they were issued, all debentures and certificates of debenture stocks. The registrar should register these accordingly by an entry in a snecial 1 form prepared for the purpose of the number, date, and amount. Aregistration number and date should also be entered. A registrationfee was also recommended. Then after such registration the registrarshould certify on each instrument the fact and date of such re-gistration.
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