Jan.5 Received applications for 20000 ordinary shares, at a total issue price of $10 per share, each accompanied by an initial payment of 25% of the issue price. Alloted 10000 shares to these applicants, and retained the balance of over-subscription as a payment in advance of future calls. Jan. 28 Made a call on the partly paid ordinary shares of a further$5 per share. The call was paid in full on 8000 of the shares but the remaining 2000 shares were forfeited for non-payment of the balance of the call.