Limited Companies (Calls On Shanes)

Sir ARTHUR MARKHAM
I beg to ask the Chancellor of the Exchequer a question, of which I have given him private notice, namely: Whether a call made  to-day on partly-paid shares in a limited company, of which the holder was registered prior to the moratorium, can be called up?

Mr. LLOYD GEORGE
If the question means can notice of a call be given during the moratorium period, the answer is in the affirmative. If, however, the call is made for payment on a date before the expiry of the moratorium, the date for payment would be extended under the moratorium.

Sir A. MARKHAM
Can any shareholder, in a call made by any limited company on unpaid shares, avail himself of the moratorium?

Mr. LLOYD GEORGE
Yes.

Sir A. MARKHAM
Does it mean that no company can raise additional capital to meet its liabilities? [HON. MEMBERS: "No, no!"]