379 On June 16, 1950, the Board of Directors passed the following resolution reverting to the old arrangement embodied in the resolution dated January 6,1931: " The Chairman, having referred to resolution No. 24 passed at the board meeting held on 6 1 31 and having reported that Vazir Sultan & Sons had agreed to revert to the arrangement outlined in that resolution with effect from 1 6 50, it was on the proposition of Mr. section N. Bilgrami, seconded by Mr. N. B. Chenoy resolved that payment of the sum of O. section Rs. 2,26,263 be made to Vazir Sultan & Sons by way of compensa tion, Vazir Sultan & Sons, to pay D. B. Akki & Co., out of that amount the sum of O. section Rs. 6,920 also by way of compensation.