The New York herald., 1920-01-17
DIVIDENDS, MEETINGS, &C.

At a meeting of the Board of Directors OF
this Company held in London today it was
decided to recommend to the shareholders
at the Annual Meeting fixed to be held
January 27, 1929, payment that day of
final dividend of 6 per cent. free of British
income tax upon the Ordinary Shares. Net
profits for the year after deducting all
charges and expenses for management, ct cet-
era and providing for income tax and estimated
excess profits duty for the year are f3,776,-
507-13-O as against 33,l4O,l ,l74-S-l0 for the
previous year. After paying final dividend Of
6 per cent. carry forward will be f4,400,-
311-l2-ll. The Directors have also de-
eided to pay on January II, 1920, with final
dividend for past year, an interim dividend
of per cent. for the year 19I9-l920 on the
Ordinary Shares of the Company free of Brit
Ish income tax.
Proposed resolutions 10 increase capital and
offer shares read as follOws:-\
l. That the capital of the Company be in
creased from s14 4,50O,0O0 to 10000, 900 by
the creation of 5,500,0O additional Ordinary
Shares of fl each ranking for dividend and
in all other respects pari psssu with the exist
ing Ordinary Shares of the Company.
and the other unissued Ordinary Shares for
the time being of the Company there shall, on
or about the 10th day of February, 1920,
be offered to the members of the register Of
Ordinary Shareholders on the 28th day Of
January, 1920, and the holders of Share War
rants to Bearer for Ordinary Shares on the
same date, new shares in the proportion Of
share for every two existing Ordinary
Shares IGNORING shares which are not complete
muliples of two and not allowing registered
shares and share warrants to bearer to be
added together for the purpose of aceeptance)
held by them at the price of fl per share,
payable to one of the bankers Of the Com
pany in London on the acceptance of the
offer, viz. on the 9TH day of April, 1920,
and that such offer be made as to holders
of registered Ordinary Shares by notice speci-
flying the number Of shares to which the MEM
ber is entitled and stating that If it is not
accepted and payment made on or before the
above mentioned date it will be deemed to be
declined, and as to holders of share warrants
to bearer for Ordinary Shares BY such adver-
tisement as the Directors shall deem advisable.
Such advertisement shall state that holders Of
share warrants to bearer for Ordinary Shares
must in the first instance and on or before
the 7th day Of April, 1920, deposit with one
of the bankers in London, and the appro-
pirate coupon (to be indicated by the Di-
rectors) as evidence Of ownership, provided
always that the dates in all or any Of the
before mentioned cases may be extended to
later date in the absolute discretion of the
Directors. Upon such deposit being made the
Company shall be deemed to make to the de-
positors 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 such
shares, which will be supplied for the pur-
pose, and to pay the sum Of 81 in respect
of each share accepted. II in any case a
shareholder shall not signify his acceptance
and make payment of the said sum within the
time specified, or such extended time as may
be fixed by the Directors as aforesaid, the
offer will be deemed to be declined and the
Directors may dispose Of all shares not ac-
eepted and paid for within the prescribed
time in response to such offers in such manner
as they may consider expedient in the interests
of the Company. The said shares shall rank
for dividend as from the 7th day of April,
1920, or the date Of issue Of the particular
shares, whichever shall be later.