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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1897 Excerpt:...and it is not necessary that there should be a delivery of any of the mere indicia of property. And so in Hunt v. Gunn,1 where the defendant had contracted to deliver sixty shares to the plaintiff, and had directed the shares to be placed in the plaintiff's name, and the plaintiff had executed the deed of settlement in respect of them, it was held that the contract had been properly completed although no scrip certificates had been handed to the plaintiff. Payment ior securities bought on the Stock Exchange is Pftyment' usually made by cheque, and cheques must be passed through chequed the bankers' Clearing House, unless the drawer consent to their being otherwise presented. If a member requires bank notes instead of a cheque, without having stipulated for them at the time of the bargain, he is obliged to give notice to that effect before half-past eleven on the day of delivery.2 For registered securities. The p»yer. A member is not obliged to take a reference for payment to a non-member, nor is he obliged to pay a non-member for securities which he has bought.1 The seller is entitled to demand payment from the member who passed him the ticket, though the usual course is to receive payment direct from the purchaser's broker, and only to apply to the passer of the ticket where the issuer fails to pay.2 In the case of securities deliverable by deed of transfer, the purchaser is obliged, in the event of the ticket being split, to pay for any portion of shares or stock that may be presented, provided that the number is not less than ten shares, nor the value less than £200.3 The purchaser may, however, refuse to pay for a transfer deed which is unaccompanied by coupons or certificates, unless it is officially certified that the coupons or certificates...