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See also:ALLOTMENT (from O. Fr. a and toter, to See also:divide by See also:lot) , the See also:act of allotting; a See also:share or portion assigned . In See also:England, the See also:term denotes a portion of See also:land assigned on See also:partition or under an See also:inclosure See also:award (see See also:COMMONS); also a See also:division of land into small portions for cultivation by a labourer or See also:artisan at a small See also:rent (see ALLOTMENTS AND SMALL HOLDINGS) . In See also:company See also:law, " See also:allotment " is the See also:appropriation to an applicant by a See also:resolution of the See also:directors of a certain number of shares in response to an application . The document sent to such an applicant, which announces the number of shares assigned and concludes the See also:contract, is called a See also:letter of allotment or allotment certificate . A letter of allotment in England requires a sixpenny See also:stamp if the value of the shares amounts to £5 or over, and a See also:penny stamp if less than £5 . (See COMPANY.) Allotment See also:note is a See also:writing by aseaman authorizing his employers to make an allotment of See also:part of his See also:wages, while he is on a voyage, in favour either of a " near " relative (wife, See also:father, See also:mother, grandfather, grandmother, See also:child, grandchild, See also:brother or See also:sister of the See also:seaman), or of a savings See also:bank . Every allotment note must be in a See also:form sanctioned by the See also:Board of See also:Trade . |
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