New-York tribune., 1920-05-15
FINANCIAL
BRITISH-AMERICAN
TOBACCO COMPANY, LIMITED
NOTICE TO HOLDERS OF SHARE WAR
RANTS no BEARER FOR ORDINARY
SHARES.

NOTICE is HEREBY GIVEN that by
RESOLUTION of the Company passed on the
ollOws:
/. {a) That It is desirable to capital
tze the sum OF f3,202,SSS or such other
sum as ANA, may be o,, REQUIRED ss. to eneet
the rate hereinafter mentioned part
of the undivided profits Of the Com
pany amounting to f4el2,133 l2s id.
Sheet as on the 30th September, 1919.
and that such sum be appropriated
and applied only in making payment
Holders OF Share Warrants hereinafter
mentioned Gin the proportions in which
such members and holders would have
been entitled to participate therein II
the same had been distributed as
Dividend in cashD for Ordinary shares
OF the Company OF 81 each such shares
Members on the Register OF Ordinary
Shareholders on the 18th day of May.
1920. and the holders OF Share War
rants to Bearer for Ordinary Shares on
the same date at the rate OF one OF
such Ordinary shares of IL each for
every four Ordinary shares Of IL each
held by them in the Company (but
that Registered Shares and shares
comprised in Share Warrants to Bear
er snail not be added together for the
purpose Of this distrioution} Frac-
tionai Certificates representing the
right OF the Registered Ordinary
Shareholders and Holders OF Share
Warrants to Bearer for Ordinary
Shares respectively TO a fraction OF an
Ordinary share being issued whenever
necessary to effect such distribution.
The provisions of Section % OF the
Companies tConsolidatio) Act 1908
with regard 10 the delivery Of CertIh-
Gates shall not commence TO run till
the 18th day. of July, 1920.
tb) That the holders of Share War
rants to Bearer for Ordinary Shares In
order to become entitled to be en-
tered on the Register in respect of
any of the shares so to be distributed
and TO obtain Certificates, must in the
first instance deposit with the Com
pany at its Registered once West
nniRSter house f,.a M,iesnk hs l., LendOn; sdd
July. 1920. Coupon No. ~ detached
from such Share Warrants as evidence
OF ownership and must sign an ac-
oeptance OF such shares in such form
as the Directors shall require pro-
Nldod that such date may be extended
to later date in the absolute dis
erection OF the Directors.
tc) That all OF the said shares shalt
rank for dividend as from the 18th day
OF July. 1920. or the date of issue OF
the particular shares whichever shall
be later.
To enable the holders OF Share War
ants TO Bearer for Ordinary Shares to be
inferred on the Register and to obtain Ger
ificates for the new shares in the Com
oan% to which they are entitled, they must
'btain the appropriate form from the
Head Office OF the Company at Westnin-
-. /
y the Once of the Company. 51l Fifth
Avenue, New York, and deposit on or
before the 18th day of July, 1920, or
within such extended time as the Direc-
'oupon No. - detached from each
ordinary share Warrant to Bearer held
~ them. together with the form dul,
'igned and completed at the Head ONCE
of the Company, Westminster House,
London. S W. !.
Upon such deposits being made the
>Naxr. hot sINr.iJ ba u
iuested the Company to enter the holder
# such Share Warrants on the Register
ma to issue the Certificates relating to
ne Shares which he is entitled to hav.
allotted tn him in accordance with the
lboNa Resolutions
The new shares when allotted will IN
hanged later on if desired for Share War
ants to Bearer upon payment of the usuaI
stamp Duty and fee
The new shares VIE rank for dividend
'hares as from the 18th day OF July. 1920
u from the date of the issuing of the
'ar articular shares whichever shall be later.
registered shares and shares comprised in
'hare Warrants to Bearer cannot be added
osethvr tor allotment purposes
hat by Resolution OF the Company passed
N lhe 10th day of May. 1920. it was re-
Owed follows:
') That it is desirable TO dis
h1Sister OF ordinary Shareholders on
TN" i'th day OF May, 1920, and the
holders Of share Warrants to Bearer
for Ordinary Shares on the same date
VINO shall comply with the Conditions
hereinafter mentioned as and by way
"i capital distribution such d mum
per OF shares in the Garland steam
snip Corporation of Delaware. L. :
a representing Capital assets Of the
nVIH p'hy III eNcess Of its paid-up Cap
l,"i ipr the tlIne being) az will give to
~ 81 ron ir,1i l.
and Holder of Share Warrants to
Bearer for Ordinary Shares one share
OF the Garland Steamship Corporation
Tor every twenty Ordinary shares held
oE him IN the Company (but So that
registered shares and shares com.
pilsed IN Share Warrants to Bearer
Siiah not be added together for the
purpose OF this distribution) and that
such shares be distributed accord!nglv
tn' i!at instead of issuing Frac-
tiomai Certificates of the Garland
steamship CORPORATION the Directors
or the Company be and they are
hereby authorized to sell the fractions
to which the Shareholders would have.
been entitled il Fractional Certiflcates
had been issued at the price OF one
smiling for each fraction of one
41WehtIeth Or such other sum the
Dhirectors pr may obtain and to distribute
Ihe proceeds in cash among such
shareholders In the proportions In
" ~hIcn en- 'hey me- would have been entitled
Gates had been Issued
tr) ihat the holders of Share War
rants to Bearer for Ordinary Shares In
order to become entitled to dis
trlbution of the shares Of the Garland
Steamship Corporation must in the
frst instance deposit with the Com
pany at its Registered Office. West
$ w. l. on or before the 18th day OF
July. 1920. Coupon No. so detached
IRON snare Warrants to Bearer as
evidence OF ownership. and must sien
Sh In,
form as the Directors shall reouire
provided that such date may be ex-
denuea TO later date in the absolute
discretion of the Directors
td( That tho Directors be and thev
are hrreby authorized in the case OF
an, any holders Of Share Warrants to
Noupoh No. so to the Company, ac-
companied by the required acceptance
auy s signed on or before tho 18th day
as me directors in their absolute dis
cretion may decide. to sell for such
sum and upon such terms and condi-
absolute discretion determine the
shares of the Garland Steamship Cor
PoTation to which such holders would
haze been entitled and distribute ~.
proceeds of such sale (but without
interesD among the persons who would
nave been entitled to such shares in
.rcoraahce &C. % with their respective rights
ana subject to such proof OF their
title as the Directors shall deem sum
cient and pending such distribution to
ueai WIN such proceeds in such man
her as the directors shall deem CON
venient. N0"-
(e) That the writing off of the sum
v. 49, 5000 lss being the purchase
saiu etl 600 shares of the Garland
eamship Corporation out OF the said
sum or s4sl2'733 l2s. Id be ana ia
enable the holders OF Share Warran,
20 hearer Tor Ordinary Shares 10 ohtai
Sel.incates Tor the Shares of the Garlan
o'ea'hshlp Corporation of Delaware T.
a. 70 which they are entitled they mu
-, up'"," me appropriate form from n
ne"o olfice of the Company at Westmir
Sttr House MuIha,ix NSN mn