Class. ${}_0$

JB Milks lid inuted applications. for $300,000$ sio preforence thy of $81$ each ats$/\mathrm{.}40$ payepla:

$40\%$ on applicarion

$80\%$ on allotment. $($induding premun$)$

$20\%$ un first and final call

All the allomest money was receved bat ahdider of $10,000$ shey failed to meat the call and forfeited his shes in accardence wht the articles of the company. All forferted shares wers shogently re$-$issued as filly paid. Shores at so cants each.

feysured:

Prepara the forlowing accondss

i$.$ applications t alldment

it preference shore cepidal

iii shere prewim

iv bank

Vi investments ounshore

Explain the following terms:

i forefeidure

ii redemption of shores

it comings per shore