COMPANIES ACT, 192¢ 
7 ¢, 
Calls on Shares. 
11. The directors may from time to time make calls upon the 
members in respect of any moneys unpaid on their shares provided 
that no call shall exceed one-fourth of the nominal amount of the 
share, or be payable at less than one month {rom the last call; and 
each member shall (subject to receiving at least fourteen days’ 
notice specifying the time or times of payment) pay to the company 
at the time or times so specified the amount called on his shares. 
12. The joint holders of a share shall be jointly and severally 
liable to pay all calls in respect thereof. 
13. If a sum called in respect of a share is not paid before or on 
the day appointed for payment thereof, the person from whom 
the sum is due shall pay interest upon the sum at the rate of five 
pounds per centum per annum from the day appointed for the 
payment thereof to the time of the actual payment, but the directors 
shall be at liberty to waive pavment of that interest whollv or in 
part. 
14. The provisions of these regulations as to the liability of joint 
holders and as to payment of interest shall apply in the case of non- 
payment of any sum which, by the terms of issue of a share, becomes 
payable at a fixed time, whether on account of the amount of the 
share, or by way of premium, as if the same had become pavable 
by virtue of a call duly made and notified. 
15. The directors may make arrangements on the issue of shares 
for a difference between the holders in the amount of calls to be 
paid and in the times of payment. 
16. The directors may, if they think fit, receive from any member 
willing to advance the same all or any part of the moneys uncalled 
and unpaid upon any shares held by him; and upon all or any of 
the moneys so advanced may (until the same would, but for such 
advance, become presently payable) pay interest at such rate (not 
exceeding, without the sanction of the company in general meeting, 
six per cent.) as may be agreed upon between the member paying 
the sum in advance and the directors 
Transfer and Transmission of Shaves. 
17. The instrument of transfer of any share shall be executed 
by or on behalf of the transferor and transferee, and the transferor 
shall be deemed to remain a holder of the share until the name of 
the transferee is entered in the register of members in respect thereof. 
18. Shares shall be transferred in the following form, or in anv 
usual or common form which the directors shall approve: 
, in consideration of the sum 
paid to me by C.D. of 
(hereinafter called ‘‘ the said transferee’’) 
do hereby transfer to the said transferee the share [or 
shares] numbered in the undertaking called the 
Companv. Limited. to hold unto 
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