=+To provide funds for the purchase of the business and further working capital Enterise Ltd. decided to

=+To provide funds for the purchase of the business and further working capital Enteφrise Ltd. decided to issue 200,000 new Ordinary Shares of £1 each, at 22/6 per share. Of these new shares Day and Night agreed to accept 50,000 shares in part satisfaction of the purchase consideration for their business and these were allotted as fully paid on 15th July, 1959, the balance of the consideration being payable in cash on 1st September, 1959.