At the conclusion of the annual general meeting, an extraordin mary general meeting was held.
The Chairman said:—The only business to be dealt with by this matting is a resolution for splitting the existing £10 shares int® ten shares of £1 each. This is quite in accordance with what has been dona in the case of many other well-known com-, panies whose shares are of higher denomination than £1, and stand ing at a considerable premium, because such a share is what is known as "heavy," and difficult to deal in. The reduction to the popular denomination of £1 will bring the shares to a more reasonable price from the point of view of the small investor, and will improve their marketability by increasing the number available for Stock Exchange dealings The splitting of shares is usually followed by an improvement in the market price. This is directly ta the advantage of the there! holders individually, and will
Text read from the printed page and cleaned; old type leaves the occasional error.