HL Deb 17 July 1868 vol 193 cc1344-5
LORD REDESDALE

said, that this Bill had come back from the House of Commons with a clause restored which their Lordships had struck out, and which empowered the company to divide their ordinary paid-up share capital in a manner which he thought was open to the strongest possible objection. If their Lordships conceded that principle, and particularly for the reason given in the other House—namely, that companies had a right to regulate their own capital in the way they deemed most convenient, without the interference of Parliament, he believed it would lead to the greatest possible evil. He therefore desired to call their Lordships' attention to the subject, and he begged to give Notice that he would on Tuesday next move that their Lordships should insist on their Amendment. There was a canvass generally in these cases and he hoped their Lordships would keep their minds free until the subject came on for discussion.

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