R Harding And Co Ltd (In Liquidation) v George Dacre Hamilton - [1929] NZLR 338

Company — Accommodation Bills signed by Shareholder for Company's. Benefit — Moneys which Shareholder should be called upon to pay in respect of Bills to fall due to him and for Services rendered arranged to be credited against Liability on Shares — Liquidation of Company before actual Set-off carried into Effect — Shareholder not entitled to Set-off against Liquidator — Companies Act, 1908, s 68, Table A, Article 16.