The second application, also made by Mr. Teesdale, was by the Tientsin Native City Waterworks Ca. Ld. There was an affidavit by the Secretary, Mr. Johannes Holm-berg, in which he stated that the company was incorporated at Hongkong in 1902 and had since been trainsterred to the Shanghai register. In December, 1921, the Board decided to offer shareholders 2,500 new shares of Ts. 100 each at par, and he was under the impression that it)was not necessary to register this' allotment, as it would in due course be registered when the annual return of shareholders for 1922 was sent in.
The Crown Advocate observed that this was a mild case, all other documents having been filed by the company.
His Lordship granted an extension of time, and ordered ap plicants to pay the costs of the Registrar. He thought it was a question whether auditors would pass the costs of such applications. When a liquidator.had to apply, he probably ought to pay the costs himself. In a case like the present, it was a question whether the costs should come out of shareholders pockets, but it was not for him to decide.
Text read from the printed page and cleaned; old type leaves the occasional error.