§ Amendment made: No. 14, in page 11, line 32, leave out 'issued' and insert 'allotted'.—[Mr. Parkinson.]
§ Mr. EyreI beg to move amendment No. 15, in page 12, leave out lines 12 to 14.
Clause 6(1) referred to sums being received by the company for shares. Special provision had to be made in subsection (4) for bonus shares which are fully paid up but for which no consideration is actually received. Subsection (1) was redrafted by amendment in Committee so as to refer to shares simply being paid up. Subsection (4) therefore became unnecessary and it was removed. The reference to it in clause 8(11) also needs to be removed, which is the effect of the amendment. Special provision for bonus shares was made unnecessary in the clause because of the similar drafting changes made in clause 6.
§ Amendment agreed to.