subscribe to the expenses

English translation: make a contribution to the costs

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)

English term or phrase:	subscribe to the expenses
Selected answer:	make a contribution to the costs
Entered by:	Pedro Coral Costa

17:16 Mar 20, 2007

English language (monolingual) [PRO]
Law/Patents - Law (general)

English term or phrase: subscribe to the expenses

This expression appears in a Memorandum of Association of a Scottish company. It is included in one of the objects of the company, as follows "To apply for, promote and obtain Acts of Parliament (...) which may seem calculated, directly or indirectly to benefit the Company, or be in the interests of the trade carried on by the Company or other companies carrying on similar businesses, and to oppose any Bills, Provisional Orders or any other proceedings in Parliament or elsewhere, which may seem calculated, directly or indirectly, to prejudice the Company's interests and to subscribe to the expenses thereof".

What does "subscribe to the expenses thereof" mean in this context? Please answer only if you are absolutely sure. Thanks in advance.

Pedro Coral Costa KudoZ activity Questions: 103 (2 open) (4 without valid answers) (1 closed without grading) Answers: 36
Local time: 10:08

make a contribution to the costs

Explanation:
...incurred in opposing such bills, which are against the company's interests

Selected response from:

David Moore (X)
Local time: 11:08

Grading comment

This is indeed an ambiguous expression, and both answers seem to be, at least in theory, correct. However, I chose this answer because I feel it would not make much sense to empower the company only to agree with certain expenses. Anyway, I would not be able to reach this conclusion without the help of all of you. Thank you all for your excellent help.
4 KudoZ points were awarded for this answer

SUMMARY OF ALL EXPLANATIONS PROVIDED

5 +1

make a contribution to the costs

David Moore (X)

4 +1

accept/agree to

Buck

Discussion entries: 1

Answers

39 mins confidence:

peer agreement (net): +1

make a contribution to the costs

Explanation:
...incurred in opposing such bills, which are against the company's interests

David Moore (X)
Local time: 11:08
Native speaker of: English
PRO pts in category: 35

Grading comment

41 mins confidence:

peer agreement (net): +1

accept/agree to

Explanation:
Hi. This is another way of saying they accept (and will pay) any expenses incurred.

Buck
Netherlands
Local time: 11:08
Specializes in field
Native speaker of: English

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