Share warrant registration authorises striking original member, recording warrant particulars, and surrender enables bearer's entry as member. On issue of a share warrant the company must strike the then-registered holder's name and enter the fact of issue, a statement distinguishing each specified share by number, and the date of issue; those particulars are deemed the register entries until surrender. The bearer, subject to the articles and on surrender and payment of any Board-determined fee, is entitled to have his name entered in the register and the date of surrender entered. The company is liable for loss from entering a bearer's name without surrender and cancellation.