This meeting has been called for the purpose of considering the specta resolution which has just been read te you, The object of proposing an alteration in the articles of assoela~ than is to enable an offer to be made {c"'the preference" shareholders to convert "their holdings, wholly oF partly, into ordinary shares, and, in this connection, I do not think T can do better than' read out to you the announcement. of the board's pro-porals which I made at the annual Keecting of the company on March 14 Tihis was as follows:
Te abject of this proposed alteration verte the directors. power 40 and of dividend, fake an fter fo he preference sharks
cent divie Becomber pany' ion of the Articles of sociation "is aireed upon, it ds the intention of the directors to invite ference. shareholders "to. convert holdings into ordinary' shares on followin barks After payment of
Text read from the printed page and cleaned; old type leaves the occasional error.