The Gazette 1915-16

The Gazette of the Incorporated Law Society of Ireland.

MAY, 1915]

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.