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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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Accounting

Lionel Cuthbert Cropper - 1924 - 1188 стор.
...sunk and lost, and yet that the excess of current receipts over current payment? may be divided ; but that floating or circulating capital must be kept...which forms part of it, will be contrary to law." In the Wilmer case, ([1895] 2 Ch. 245) the ordinary shareholders sought an injunction to restrain the...
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Pitman's Business Man's Guide: A Handbook for All Engaged in Business

John Arthur Slater - 1924 - 640 стор.
...current payments may be divided, but that floating or circulating capital must be kept up, as otherwifle it will enter into and form part of such excess, in...capital which forms part of it will be contrary to law." PROFIT AND LOSS ACCOUNT. (Fr. Compte de profits et pertes, Ger. Gewinnund Verlustrechnung, Sp. Cuenta...
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Profits, Dividends and the Law: Profits Available for Dividends from ...

Prosper Reiter - 1926 - 280 стор.
...and lost, and yet ... the excess of current receipts over current payments may be divided, but . . . floating or circulating capital must be kept up, as...capital which forms part of it will be contrary to law.1 Before attempting an explanation of the meaning of this statement as applied to the problem at...
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American law reports annotated, Том 55

1928 - 1628 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 up, as otherwise it would enter into and form part of such excess, in which case, to divide the excess without deducting...
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The Conveyancer, Том 1

1916 - 444 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 up, as otherwise it would enter into and form part of such excess, in which case to divide such схсеяв without deducting...
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The Law Times Reports: Containing All the Cases Argued and ..., Том 85

1902 - 880 стор.
...may be sunk or lost, and yet the excess of current receipts over current payments may be divided, but that floating or circulating capital must be kept...excess, in which case to divide such excess without deduct ing the capital which forms part of it will be contrary to law." I reserve my opinion as to...
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The Law Times Reports: Containing All the Cases Argued and ..., Том 118

1918 - 866 стор.
...receipts over current payments may be divided, but that floating or circulating capital mast be kept np, as otherwise it will enter into and form part of such...divide such excess without deducting the capital which forme part of it will be contrary to law." Later on (at p. 267 of (1894) 2 Ch.), he said : " There...
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The Law Journal Reports, Том 64

1895 - 970 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...of such excess, in which case to divide such excess withouS deducting the capital which forms part cf it will be contrary to law." Apart from the use of...
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Cases and Materials in Company Law

L. S. Sealy - 1971 - 920 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 . . . It follows from what has been said above that the proposed payment of dividend in this particular...
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An Introduction to Company Law in the Commonwealth Caribbean

Rambarran Mangal - 1995 - 260 стор.
...and lost. and yet ... the excess of current receipts over current payments may be divided, but ... floating or circulating capital must be kept up. as...capital which forms part of it will be contrary to law" Effect of Paying Dividends out of Capital All directors who are knowingly parties to the payment of...
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