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Issues: Whether the alleged allotment of shares to the respondents was valid in law and whether they could therefore be placed on the list of contributories.
Analysis: The liquidators failed to prove that any notice of allotment had been sent within a reasonable time, and there was no reliable evidence showing when the respondents' names were entered on the register. The delay in allotment, coupled with the absence of proof of communication and the suspicious timing of the demand for allotment money immediately before liquidation, supported the finding that the alleged allotment was not properly established.
Conclusion: The allotment was not proved to be valid in law, and the respondents could not be treated as contributories.