It has been said and repeated that this fraud must be considerable

[mahbubamim077]

“In England, according to the old tradition of its Law, in theory, all credit is personal and non-transferable, although novation is permitted with the consent of the debtor”.

“The joint-stock company only appeared late, in 1844. And it was only with the evolution of customs that the English accepted that bearer securities could be transferred.”

“These are share warrants to bearer , created in 1867, and bulk sms bahrain coupon bonds , which constitute bearer obligations of railway companies”.

“Add to these the bearer securities of the short-term Public Debt: Treasury bills , Exchequer Bonds , India Bills”.

“In addition to these historical and legal processes, the form of English fortune is averse to the bearer title”.

“There are many large fortunes there, as well as small and medium ones. The spirit of economy is not characteristic of its people. There is a furniture aristocracy that deposits the coupon of its share in the Bank and circulates its money by check.

“Furthermore, in England, registered shares have a specific character. They are registered or recorded. The former are registered in the great book of Public Debt, without delivery to their holder of the title representing the registration. The transfer is complicated, made by means of an attorney with a power of attorney issued by a notary”.