TRANSFER AND TRANSMISSION OF SHARES 71
A rubber stamp is commonly used to certify transfers, the
signature of the secretary or registrar being added in a space
left for the purpose. The certification should always be
signed and not merely initialled. The date also should be
inserted. The following form should be adopted: —

Certificate for shares [or stock] has been lodged

at the Company's office.
Date

For the Company, Limited.

, Secretary.

(Address.)

When a transfer is presented for certification before the
transferor has been registered, the words ‘transfer Receipt
No.....’ should be substituted for the word ‘Certificate.’

The address of the company should, for the convenience
of stockbrokers and others. be included on the certification
stamp.

The record of certified transfers should be kept by indorse-
ment on the back of the certificate or by means of a certifica-
tion form that can be attached to the Certificates. The
certificate should immediately be cancelled and the cancelled
certificates, on which will be indorsed the record of cer-
tification, should be preserved.

It will be found convenient, upon a transfer being pre-
sented for certification, to send notice to the transferor at
once instead of waiting until the transfer is lodged for regis-
tration. This method has the advantage of giving the earliest
possible notification to the holder of the shares, and effects
a great saving of time and trouble both to the company and
the transferor where there are many certifications against
one certificate. A form of notice will be found in Appendix F
(Form 18).

It is the practice of provincial Stock Exchanges to certify
transfers of shares as well as of stock. The Stock Exchange,
London, has only certified transfers of stock hitherto; but is
now undertaking by gradual stages the certification not only
of stock quoted in the Official List as at present, but also
of unquoted stock and of quoted and unquoted fully-paid
shares. In all cases the certificate is lodged with the Stock
Exchange and a form filled up giving the necessary par-
ticulars. This form is sent by the Stock Exchange with the
corresponding certificate to the Company concerned by the

same day's post. The practice of Stock Exchanges certifying
transfers is increasing. and is a convenience to stock brokers.