DOMINION LEGISLATION—AUSTRALIA 821
QUEENSLAND. The principal Act is the Companies Act, No. 4
of 1863, and the Amending Acts are the Companies Act Amend-
ment Acts, Nos. 18 of 1889, 10 of 1891, 3 of 1893, 21 of 1896,
13 of 1909, and 10 of 1913.
There are also the following Acts: —
The British Companies Act, No. 31 of 1886.
The Mining Companies Act, No. 19 of 1886.
The Dividend Duty Act, No. 10 of 1890.
The Companies (Winding-up) Act, No. 24 of 1892.
The Reconstructed Companies Act, No. 19 of 1894
The Foreign Companies Act, No. 2 of 1895.
Life Assurance Companies Act, No. 20 of 1901.
Life Assurance Companies (Amendment) Act, No. 29 of
1923.

The principal Act follows the English Act of 1862 almost
verbatim. No. 18 of 1889 reproduces the provisions of the
English Act regarding reduction of capital, subdivision of shares,
associations not for profit, calls on shares, transfer of shares,
branch registers, compromise and duplicate seals.

No. 10 of 1891 reproduces the English provisions as to power
to alter a company’s objects, and as to liability of directors and
others for statements in a prospectus.

The Companies (Winding-up) Act, No. 24 of 1892, and Amend-
ments Acts, Nos. 3 of 1893, and 21 of 1896 bring the provisions
for winding-up in the principal Act into conformity with the
English Act.

No. 13 of 1909 reproduces the provisions of the English Act as
to registration of mortgages and debentures and striking defunct
companies off the register, while No. 10 of 1913 provides for share
warrants to bearer and issue of share certificates within two months
of allotment. The Companies Acts, therefore, embody the
majority of the provisions of the English Act of 1929.

By the Mining Companies Act, 1886, the same system of
no-liability companies is created for mining companies as in
New South Wales (q.v.) and South Australia. The only
distinctive provisions in Queensland are that 5 per cent. of the
capital must be paid up in cash before registration, and the
period for forfeiture of shares on which calls are due is 26 days
after the due date.

The British Companies Act, 1886, provides for the registration
in Queensland of companies formed in other parts of the British
Empire. Such companies desiring to be registered must forward
a certificate of incorporation, together with a certified copy of
the memorandum and articles of association, to the Registrar
and pay the prescribed fees, which the Act provides shall not
exceed the fees payable upon the registration of a joint stock
company under the laws of Queensland. British companies,
when registered, have the same rights and privileges, including
the right to hold land. as Oueensland companies. In the event