(h) Phene v. Gillan, 5 Hare, 1 ; The Newry Railway Compaiiy v. Mosa, 14 Bear.
69; Cape's Case, IT Jur. 355. (L. 0. and L. J. J.)
(i) 15 Vict. 53. (Local and Personal.)



WINDING-UP ACTS. 97

binding upon the members as any other stipulation, (/c) Where, also, an
effort is made by the partners of an insolvent concern to settle their
affairs without the interposition of the Court, it will suspend its proceed-
ings in a proper case to give them the opportunity of so doing. (?) When
the company becomes unable to meet its engagements, and it is absolutely
necessary to seek the assistance of a Court of Equity, it may be presumed
that in future the Joint-Stock companies Winding-up Acts(m) will, in
all eases, be put into operation, since without their assistance the dissolu-
tion *is rendered all but impracticable by the necessity of bring- j-^.. „„-.
