'Subject to the distribution of} bonus shares referred to in Clause 6 hereof, any increase in the capital of the Company that may be required' by the Company or any moneys the Company may desire to borrow on the security of debentures shalt be raised on the most! economical terms possible, provided always that future issues of shares shall-be: of a separate class or} classes from the shares already and that the dividend such shares shall not except with the consent of the Council exceed 7 per cent. per annum (calculated from a date not previous to the date of allotment excluding any] extra dividends or bonus—payable under clauses 7 and 8 hereof) and provided further that the Company shall give reasonable notice to the Council of any contemplated of shares or debentures and of the terms proposed for such issue, 2 A0—Assun on Smanss ar A
In the event of any issue of the Company's shares being made at)
premium the amount of such premium shall be credited to the Genezal Reserve Account of the Com A—Depenture SivKinc Funp. dished. by the Company for the pur-A Sinking Fund shall be estab-
vsve; of providing for the: redemp-Hon of ite outstanding: debentures. The annual instalments pi -the. Sink-Ing Fund shall be charged against, count and the Fund shall be opera®- ed on lines similar to those at present adopted for the Council's Electricity Department.
Text read from the printed page and cleaned; old type leaves the occasional error.