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The Pamphlet Collection of Sir Robert Stout: Volume 47

Provincial Debentures

Provincial Debentures.

Chap. 2.—Upon proof of loss of a debenture, the L. G. in C. may issue a new one to the person who has lost it, on his giving security for the amount, if claimed by a bonâ fide holder of the debenture so asserted to be lost or its coupons. The new debenture is endorsed as a duplicate and if not signed by the same officers as that lost, the reasons are stated. A separate record of each duplicate is kept. Duplicate coupons may be issued for those lost, in the same way. 6 p. c. debentures may be issued to raise moneys to pay railway subsidies, to be sold for not less than par and the amt. necessary to pay expenses.