Armour v Liverpool Corpn

Subject Matter

CORPORATION — Municipal corporation — Tramway undertaking — Employees' superannuation fund — Voluntary unregistered association — Weekly subscriptions by deduction from wages — Contributions by corporation — Actuarial deficiency in funds — Scheme incidental to statutory powers and intra vires — Fund not for “acquisition of gain” — No contract between members of fund and corporation — Companies Act, 1929 (19 & 20 Geo. 5, c. 23), s. 357.