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" Perhaps the shortest way of expressing the distinction which I am endeavouring to explain is to say that fixed capital may be sunk and lost, and yet that the excess of current receipts over current payments may be divided, but that floating or circulating... "
British Ruling Cases from Courts of Great Britain, Canada, Ireland ... - Сторінка 191
1917
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Reports of Bankruptcy and Company Cases Decided in the High Court of Justice ...

1894
...sunk and lost, and yet that the excess of current receipts over current payments may be divided, but that floating or circulating capital must be kept...capital which forms part of it will be contrary to law. The Companies Acts do not require even limited companies to keep accounts, still less to keep them...
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The Reports, Том 13

John Mews - 1895
...sunk and lost, and yet that the excess of current receipts over current payments may be divided, but that floating or circulating capital must be kept...without deducting the capital which forms part of it would be contrary to law." Apart from the use of the word "profits" in Art. 117, I see nothing in these...
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Auditing: A Practical Manual for Auditors

Lawrence Robert Dicksee - 1900 - 698 стор.
...sunk and lost, and yet that the excess of current receipts over current payments may be divided, but that floating or circulating capital must be kept...capital which forms part of it will be contrary to law. The Companies Acts do not require even limited companies to keep accounts, still less to keep them...
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A Treatise on the Law of Companies, Considered as a Branch of the Law ..., Том 1

Nathaniel Lindley Baron Lindley - 1902
...sunk and lost and yct that the excess of current receipts over current payments may be divided, but that floating or circulating capital must be kept up, as otherwise it will enter into and (o) BardwM v. Sheffield Waterworks Co., 14 Eq. 517. Note that Malins, V..C., allowed dividends on preference...
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The Economic Journal: The Quarterly Journal of the Royal Economic ..., Том 13

1903
...sunk and lost, and yet that the excess of current receipts over current payments may be divided ; but that floating or circulating capital must be kept...which forms part of it, will be contrary to law." From certain observations made in the House of Lords in a recent case2 it seems probable that the decisions...
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The Economic Journal: The Quarterly Journal of the Royal Economic ..., Том 13

1903
...sunk and lost, and yet that the excess of current receipts over current payments may be divided ; but that floating or circulating capital must be kept...divide such excess without deducting the capital which fonns part of it, will be contrary to law." From certain observations made in the House of Lords in...
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The Law of Limited Liability Companies in New Zealand: The Companies Act ...

Charles Bruce Morison - 1904 - 666 стор.
...sunk and lost, and yet the excess of current receipts over current expenditure may be divided, but "floating" or "circulating" capital must be kept up, as otherwise it will enter into and form Verner's case, part of such excess, in which case to divide such excess without "'*"/>, p. 266; deducting...
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Auditing; a Practical Manual for Auditors. 6th Ed., Rev. and Enl

Lawrence Robert Dicksee - 1904 - 919 стор.
...and yet that the excess of current receipts over current payments may be divided, but that floating w circulating capital must be kept up, as otherwise it will enter into an form part of such excess, in which case to divide such excess wit"ou deducting the capital which...
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Audits

Sir Arthur Edwin Cutforth - 1908 - 151 стор.
...might be divided ; but that floating or circulating capital must be kept up, as otherwise it would enter into and form part of such excess, in which...without deducting the capital which forms part of it would be contrary to law. In this particular case there was no suggestion of any improper juggling...
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Audits

Sir Arthur Edwin Cutforth - 1908 - 151 стор.
...sunk and lost, and yet the excess of current receipts over current payments might be divided ; but that floating or circulating capital must be kept up, as otherwise it would enter into and form part of such excess, in which case to divide such excess without deducting...
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