The Sun.
London, England, 1858-08-31 00:00:00

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PRICE 4D, STAMPED, 5D

in preference to all other payments of dividend out of those
profits."
"That the proportion of the gross receipts of the Western
Extension to be deducted for expenses of working and ma-
nagement, within the meaning of the East Kent Railway
(Western Extension) Act, 1858, shall be such amount per
cent. in each year as the board of directors shall, by any re-
solution to be made and passed before the time at which the
said Western Extension, or any part thereof, shall be opened
for public traffic, determine and declare."
The CHAIRMAN then formally proposed the adoption of
the following resolutions :
" 1. Resolved,—That in pursuance of the powers and
provisions cf the East Kent Railway (Extension to Dover)
Amendment Act, 1858, the 11,164 shares numbered 36,387
to 48,000, created under the powers and provisions of the
Bast Kent Railway (Extension' to Dover) Act, 1855, but
not issued, shall be and are hereby cancelled.
"2. Resolved,—That the forfeiture of the I,s92shares,num-
hered 26,409 to 28,000, created and issued under the powers
and provisions of Vie East Kent Railway Act, 1853, and of
the 2,250 shares numbered 30,936 to 31,935, and 35,647 to
36,896,- and 36,222 to 37,571, and 28,316 to 28,815, and
35,057 to 35,306, created.and issued under the powers and
provisions of the East Kent Railway (Extension to Dover)
Act, 1855, and all which shares have been forfeited for the
non-payment of calls thereon, shall he and is hereby con-
firmed; and that in pursuance of the powers and provisions
of the East Kent Railway (Extension to Dover) Amendment
Act, 1858, and the registered holders having given their
consent in writing thereto, the shares so forfeited, instead of
being sold, shall be and they' are hereby cancelled.
"3. Resolved,—That in pursuance'of the powers and pro-
visions of the East Kent Railway (Extension to Dover)
Amendment Act, 1858, there shall be created and issued in
lieu of the unissued and forfeited shares FO cancelled, 30,012
half shares of Ll 2 10s. each (being two half shares in sub-
stitution for each cancelled share), and -that 15,006 of the
said half shares shall be created and issued as preferred
half shares,' and the remaining 15,006 as 'deferred half
shares' within the meaning of the eat.
" 4. Resolved,—That the board of directori mayfrom time
to time determine the times at which, and the persons to
whom, such shares shall respectively be issued, and may
determine and fix the amounts and times of payment of the
calls thereon.

" 5. Resolved,—That in pursuance of the powers and pro-
visions of the East Kent -Railway (Extension to Dover)
Amendment Act, 1858, the board of directors shall be, and
are hereby authorised and empowered to give to the holders
for thettnie being of the shares of £.5 each, in the capital
of the company, the option of having• such shares, or any of
them, divided into. preferred half-shares' and deferred
half-shares,' within the meaning of the said act, and to fix
the period within which such option may be exercised.
" 6. Resolved,—':. §at the rate at which interest or divi-
dend shall be so apportioned and paid upon such preferred
half-shares (as welfthose newly issued as those created by
division of shares already issued) under the provisions of the
East Kent Railway (Extension to Dover) Amendment Act,
1858, shall be £6 per cent. per annum upon the amount for
the time being paid up on such preferred half-shares' re-
spectively."
A vote of thanks to the chairthan and directors was then
adopted, and the proceedings terminated.

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