9 / 90
MAY, 1915]
The Gazette of the Incorporated Law Society of Ireland.
Easter and Trinity Sittings, 1915.
EASTER Sittings will terminate on Wednes–
day, 19th May ;
Trinity Sittings will com–
mence on Wednesday, 2nd June, and will
terminate on Saturday, 31st July.
Investment of Money Lodged in Court.
THE attention of members is drawn to Rule
66 of Order LXII. of the Rules of
the
Supreme Court, which directs the investment
by the Accountant-General of all sums of
cash not less than £50 lodged in Court in the
Chancery Division in Government 2-| per
cent. Stock, unless otherwise directed or
requested. The Accountant-General makes
the investment required by this Rule in the
months of May and November, and having
regard to the existing difficulty attendant
upon selling Government 2|- per cent. Stock,
members may consider it desirable, in cases
where allocations are likely to take place
before the Long Vacation, to lodge requests
not to invest.
Rule 66 of Order LXII. is as follows :
" The Accountant-General shall, after the
" expiration of six months from the lodgment,
" without any order or request invest all
" sums of cash not less than
£50
lodged in
" Court in the Chancery Division in two and
" a half per cent. Consolidated Stock, unless
" the Court or a Judge shall otherwise direct,
" or a request that same shall not be invested,
" signed by the party or Solicitor having
" carriage of the cause or matter in which
" the same shall have been lodged, shall be
" left with the Accountant-General."
Fresh Issues of Capital.
THE following are copies of Memoranda issued
by the Treasury relative to fresh issues of
Capital :
TREASURY CONTROL OF FRESH
ISSUES OF
CAPITAL.
The approval of the Treasury should be
obtained for all fresh issues of capital of
whatever nature whether made on behalf of
a Government, municipality or other public
body or any company whether public or
private. Treasury approval is not required
for calls or instalments on shares, stock,
debentures or bonds already issued.
All applications for approval of fresh issues
should be addressed to the Treasury, the
envelope being marked " Capital Issues."
In order to save delay and reduce corres–
pondence to a minimum it is desirable that
the fullest particulars should be given in
each case.
MEMORANDUM WITH REFERENCE
TO
THE
PRESS ANNOUNCEMENT RELATIVE TO THE
ISSUE OF FRESH CAPITAL OF THE 18ra
JANUARY, 1915.
(1) The restrictions must be taken, for the
present at any rate, as applying to the issue
of all capital, including that of private com–
panies and that of the nature of reconstruc–
tion of existing capital.
(2) Application
for Treasury approval
must be made in writing to the Secretary to
the Treasury. A copy of the prospectus or
Memoranda (or drafts thereof) should be
enclosed and the reasons why the proposed
issue is considered advisable in the national
interests should be stated, specific evidence
being furnished where possible.
(3) It is impossible to obtain an immediate
reply, but, if possible, replies will be sent
within a very few days.
(4) As a rule a personal interview will not
be of any service, since a written application
is required in all cases and a decision cannot
under any circumstances be given orally.
Calendar of the Incorporated Law Society,
1915.
THE Calendar and Law Directory, published
by the Society for 1915, can be obtained in
the Secretary's Office, price three shillings,
or by post three shillings and fourpence.