New-York tribune., 1920-01-19
DIVIDEND NOTICES

At meeting of the Board of Directors
of This Company held in London today It was
decided to recommend to the shareholder:
at the Annual Meeting fixed to be held Jan
uary II, 1920, payment on that day Of hnal
dividend Of per cent. free of British IN
come tax upon the Ordinary Shares. Net
profits for the year after deductins al
charges aid expenses for management, a
cetera ard providing for income tax and "-
timsted excess profits duty for the year are
f3,776 507-13-0 as against f3,l40,l4-S.lo
for the previous year. Alter paying hnsl
dividend of per cent. carry forward viii be
e4,4003 03Il-I2-1l The Directors have
also decided 10 pay on January II, 1929.
with final dividend for past year, an interim
dividend of per cent. for the year 1919
1920 on the Ordinary Shares of the Con-
pany free OF British income tax.
Proposed resolutions to increase espltsl
and offer shares read as follows.
I. That the capital of the Company be
increased from ga, 100000 to s20 100000
by the creation Of $500, 900 additional Ord
nary Shares of Fl each ranking for divlderd
and in al ether respects pari passu with iae
existing Ordinary Shares of the Company.
2. That out of the said additional shares
and the other unissued Ordinary Shares tor
.he time being of the company there shall,
on or about the 10th day Of February, 1920.
e offered Is the members of the register OF
Ordinary Shareholders on the 18th day OF
January. 1920, and the holders Of Share
Warv.ote 30 Qo,x.x g., N~I;.,xy cb.yes IN
the same date, new shares in the proper
ton of one share for every two existing
Ordinary Shares Ignoring shares which are
not complete mu,tiples Of two and not allow
Ing registered shares and share warrants to
hesre. IA sc 4.ded gogether for the purpose
Of accepfance) held by them at the price CT
Il per share, payable to one Of the baEksr'
ot tie company in London on the acceptance
d the cher, viz: on the 9TH day Of ApTi'
a2o, and tl.at such offer be made as to
holders of registered Ordinary Shares BY
aot.ce sFeci.yine the number of shares 10
which the member is entitled and stadns
tnat IT it is not accepted and payment mace
on or before the above mentioned date 1t
will be deemed to be declined, and as TO
holders of share warrants to bearer tor
Ordinary Shares by such Advertisement as
the Directors shall deem advisable Sues
advertisement shall state that holders OF
share warrants to bearer for Ordinary Shares
must in the first instance and on or before
she 9TH day Of April, 1920, deposit with ore
of the bankers in London, and the appr'-
PIRATE coupon to be indicated by the dlree'
iors) as evidence Of ownership. provided a.
ways that the dates in ali or any Of The be-
fore mentioned cases may be extended to
'a!er date in the absolute discretion of the
Directors. Upon such deposit being mace
The company shall be deemed to make to the
depositors an offer Of the number Of shares
to which he is entitled, and the advertisement
shall require the depositor in every case to
forthwith sign form Of acceptance for sneh
shares, which will be supplied for the pur,,
pose, and to pay the sum Of 81 in respect OF
each share accepted. If in any case q share.
holder shall not signify his acceptance ana
make payment of the said sum within tss
time specihed, or such extended time as may
be liked by the Directors as aforesaid, hs
offer viii be deemed to be declined and ns
Directors may dispose Of all shares not &C,
cepted and paid for within the presenssa
lime IN response to such offers in such man
ner as they may consider expedient in inc
interests of the company. The said shares
shall rank for dividend as from the Th day
OF April. 1920. or the date Of ssue OF 'h'
particular shares. whichever shall be later.
BRITISH-AMERICAN
T0RACCO COMpANV limited