3 & 4 Vict. c. 89. 6 CAP. LXXVII. An Act to continue until the First Day of October One WHEREAS an Act was passed in the Fourth Year of the Reign of Her Majesty, intituled An Act to exempt until the Thirty-first Day of December One thousand eight "hundred and forty-one Inhabitants of Parishes, Townships, and Villages from Liability to be rated as such in respect of Stock in Trade or other Property to the Relief of the Poor: And whereas the said Act hath been since continued by sundry Acts until the First Day of October in the Year One thousand eight hundred and forty-seven, and, if Parliament be then sitting, to the End of the then Session of Parliament, and it is 'expedient that the said Act be further continued:' Be it enacted enacted by the Queen's most Excellent Majesty, by and with the Advice and Consent of the Lords Spiritual and Temporal, and Commons, in this present Parliament assembled, and by the Authority of the same, That the first-mentioned Act shall Recited Act continue in force until the First Day of October in the Year further conOne thousand eight hundred and forty-eight, and to the End of the then next Session of Parliament. tinued. II. And be it enacted, That this Act may be amended or Act may be repealed by any Act to be passed in this Session of Parliament. amended, &c. CAP. LXXVIII. An Act to amend an Act for the Registration, Incorpo- WHEREAS by an Act passed in the Session of Parliament of Her present Majesty, intituled An Act for the Registration, 7&8 Vict.c.110. Incorporation, and Regulation of Joint Stock Companies, it is amongst other things enacted, that on the complete Registration of any Company being certified in the Manner prescribed in the said Act it shall be lawful for such Company, ' amongst other things, to purchase and hold Lands, Tenements, ⚫ and Hereditaments in the Name of such Company, or of the 'Trustees or Trustee thereof, for the Purpose of occupying the same as a Place or Places of Business of the said Company, and also (but nevertheless with a Licence, general or special, 'for that Purpose, to be granted by the Committee of Privy 'Council for Trade first had and obtained,) such other Lands, Tenements, and Hereditaments as the Nature of the Business of the Company may require: And whereas Doubts have in ' certain Cases arisen as to the Meaning of the said Provision, ' and it is expedient that such Doubts should be removed, and that further Provision should be made as to the granting of such Licences as aforesaid by the said Committee of Privy Council: Be it therefore enacted by the Queen's most Excellent Majesty, by and with the Advice and Consent of the Lords Spiritual and Temporal, and Commons, in this present Parliament assembled, and by the Authority of the same, That Any Company, whenever any Company, having obtained a Certificate of com- having obtained plete Registration under the said Act, is desirous of purchasing complete Regisor holding, taking on Lease, holding on Mortgage, or in any tration, being other Manner acquiring an Interest such as Bodies Politic or desirous of holding Lands, Corporate are by Law incapacitated from acquiring in any may apply to Lands, Tenements, or Hereditaments, other than such as it is the Board of under said Act entitled to purchase and hold, as a Place or Places of Business, it shall be lawful for such Company to make Application to the Lords of the said Committee of Privy Council for Trade for a Licence to purchase, take, or hold the same; and the Lords of the said Committee shall thereupon Certificate of Trade for a Li cence, who may, if they see fit, grant the same. Accounts of Licences, Renewals, Extensions, &c. to be annually laid before Parliament. Licences granted before passing of this Act deemed valid and effec tual for the Purposes therein expressed. So much of recited Act as requires the Return to the Office for Registration of Joint Stock Companies of a Copy of every Prospectus, &c. repealed. 10 & 11 VICT. take such Application into their Consideration, and may, if they see fit, grant a Licence to such Company accordingly; and in such Licence the Lords of the said Committee may either authorize such Company to purchase, take, and again let, sell, or otherwise dispose of such Lands, Tenements, or Hereditaments as may in the Licence be particularly described, and to hold the same for such Time as may be specified in such Licence, or in any Licence to be subsequently and from Time to Time granted by the said Committee of Privy Council for Trade on the Application of such Company, or may authorize them from Time to Time to acquire, dispose of, and again acquire such Lands, Tenements, or Hereditaments as the Company may from Time to Time desire, or may authorize them to hold Lands, Tenements, or Hereditaments on Mortgage, and may frame such Licence in such Manner, and insert in the same such Conditions, as with reference to the special Circumstances of each Case they may deem expedient; and such Licence shall be held to confer upon such Company the Rights and Powers therein expressed to be given in respect of purchasing, holding, and disposing of Lands, Tenements, or Hereditaments as aforesaid. II. And be it enacted, That there shall be presented to both Houses of Parliament in each Year, within Fourteen Days after the Commencement of the Session, an Account of the several Licences, and Renewals or Extensions of Licences, so granted by the Committee of the Privy Council for Trade, specifying the Nature and Extent of the Powers contained in each of such Licences, and of the Lands so authorized to be held, and also, in the Case of any Renewal or Extension of such Licences, an Account of the Extent of Land actually held by the Company at the Time of such Renewal or Extension, and the Counties within which such Lands are situate. III. And whereas certain Licences have from Time to Time been granted by the Lords of the said Committee in pursuance of the said Act;' be it enacted, That in case any Doubt arise as to the Effect thereof it shall be held that any Licence so granted before the passing of this Act is valid and effectual for the Purposes therein expressed, and shall be deemed sufficient Evidence that the Lands, Tenements, or Hereditaments therein described or referred to, or which have been purchased, taken, held, or disposed of under the Authority thereof, are such as the Nature of the Business of the Company requires. IV. And whereas by the said recited Act the Promoters of any Company formed for any Purpose within the Meaning of the said Act are, amongst other things, required to return to the Office for the Registration of Joint Stock Companies a Copy of every Prospectus or Circular, Handbill or Advertisement, or other such Document, at any Time addressed to the Public, or to the Subscribers or others, relative to the Formation or Modification of such Company: And whereas 'the Registration of such Prospectuses and Advertisements has • been been found to be very burdensome to the Promoters of such Companies, and it is desirable to relieve such Promoters from the Necessity thereof, and in lieu thereof to substitute the Provisions herein-after contained;' be it therefore enacted, That so much of the said Act as is lastly herein-before recited shall be and the same is hereby repealed. V. And be it enacted, That in addition to the Particulars Certain addiwhich the Promoters of every such Company as aforesaid are by tional Particulars required to the said Act required to return to the said Office for the Regis- be returned to tration of Joint Stock Companies, when and as from Time to the Office for Time they shall be decided on, such Promoters shall also return, Registration of and they are hereby required to return, to the said Office, the Companies. following additional Particulars, so soon as the same shall be decided on; (that is to say,) First. The Amount of the proposed Capital of the Com pany: Second. The Amount and Number of the Shares into which the same is to be divided: And if the said Company be dissolved, or be incorporated by Act of Parliament, or by Royal Charter or by the Queen's Letters Patent, or be in any way withdrawn or supposed to be withdrawn from the Operation of the said Act, the Promoters of the Company shall forthwith give Notice thereof to the Registrar of Joint Stock Companies. VI. And be it enacted, That in case of any Alteration being made in any of the Particulars registered by the Promoters of any Company in pursuance of the said recited Act or of this Act, such Alteration shall forthwith be returned to the Registrar of Joint Stock Companies; and if such Return be not made within One Month after such Alteration has been made and decided upon, any Promoter of the Company shall be liable to forfeit for each and every Alteration not returned as aforesaid any Sum not exceeding Twenty Pounds. Joint Stock If any Alterations are made registered, they shall be returned to the Regis trar, under a in Particulars Penalty. at any Time be &c. containing recited Act. VII. And be it enacted, That it shall not be lawful for the Penalty on ProPromoters of any Company, or for any Person connected with moters issuing, any Company, at any Time before such Company has obtained fore complete a Certificate of complete Registration under the said recited Act, Registration, to issue or publish or in any Manner address or, cause or suffer any Prospectus, to be addressed to the Public, or to the Subscribers or others, Statement at any Prospectus or Circular, Handbill or Advertisement, or other variance with such Document relative to the Formation or Modification of the Particulars returned under Company, containing any Statement at variance with the Particulars which may have been returned to the Registrar of Joint Stock Companies under the said recited Act or this Act, nor to issue, publish, or in any Manner address or cause or suffer to be addressed to the Public, or to the Subscribers or others, any such Prospectus, Circular, Handbill, or Advertisement, containing any Statements of Particulars which are by the said recited Act or by this Act directed to be returned to the Registrar of Joint Stock Companies, until such Particulars have been so returned; and if any Prospectus or Circular, Handbill or Advertisement, be issued, published, or addressed to the Public, |