Untitled

Thames Star, Volume VII, Issue 3032, 9 July 1875, Page 3

Liability ov Past ■Mbmbebs op a Company.— Tt c- law as to the liability of past members of a joint-stcck companywas considered with very great care in the well-known cases of Webb v. Wiffin, which was decided by the Jlouse of Lords, and Brett's and Morris' cases, which were made the subject of r a rehearing before the Court of Appeal in Chancery. In a recent, wort, devoted to the subject of the law of contributories in the winding up of joint-stock companies, Tby Mr Collier, we find the following summary .of the law with regard to the liability of past members :—/Their liability is, the writer says, subject to the four following restrictions or limitations —Ist. Those past members only nre liable who have ceased to be members within a year of the winding up. 2nd. They, are only liable in the event of present members being unable to satisfy the contributions required of them. 3rd. They are liable only to the amount remaining unpaid on tli.eir shares. 4th. They are only liable to contribute in respect of debts incurred before they ceased to be members, and perhaps to the costs of the winding up. The qualifying "perhaps," in the fourth position, is, inserted because Mr Collier things it doubtful whether liability for costs cannot exist independently of liability for debts. The juc"' ,ent of the full Court of Appeal in .Br'j's and Morris's cases would, however, seem to prove that the two liabilities go hand hv hand, and that the one cannot exist without the other.—Eeview.

Lady Lawyees.—The London correspondent of the Liverpool Post says :— Some time ago four ladies who passed the London University Examination of Women entered themselves in the chambers of well-known barristers f >r the purpose of studying law. It was said at the time that their labors would bo fruit less. It seems, however, that the ladies are likely, as the result of their studies, to obtain profitable employment. One of them, whose term of study is closed, has been engaged by a firm of solicitors as a " consulting counsel," and is«at once to receive a salary larger than the income enjoyed by scores of barristers who hay© been in practice for years.

Assubance.—Friend (agent for an insurance- company)—" Ah, by the bye, Mr Bloggs, got your life insured ?" Farmer Bloggs—"No, not now; I '." Friend — "Ah, capital chance for you, thenjlets me put your n " Farmer Bloggs— "Oh, I was insured you know!" Friend —" Dear me, why ever did you let your policy lapse?" Farmer—"Well, you see, I dunno ; I didn't see much the good of it—er~-1 didn't die." ' . ■

There'is a young girl in Dubugue who whistles so sweetly that people come from long distances to heer her. She has been offered |100 per week and expenses to travel and perform in public, but her parents are well off and refuse their consent.