Section 32. The bearer of a share-warrant shall, subject to the regulations of the Company, be entitled, on surr

32. The bearer of a share-warrant shall, subject to the regulations of the Company, be entitled, on surrendering such warrant for cancellation, to have his name entered as a member in the register of members; and the Company shall be responsible for any loss incurred by any person by reason of the Company entering in its register of members the name of any bearer of a share-warrant in respect of the shares or stock specified therein without the share-warrant being surrendered and cancelled. Regulations of the Company may make the bearer of a share-warrant a member.