136
of a dissolution and reconstitution
of
the Company
Beyond
ment does not
go,
and this the Green-
for Your lordship will observe that the Ordinance is entirely permissive, and if the Shareholders of the Company find, after further
consideration, that a reduction of their shares is inexpedient-
unnecessary, the Ordinance
will
become
a
dead letter, and
things
remain in statu
quo.
There being, therefore, no public grounds, so far as I and the other Official Member of Council, after careful
consideration, are aware, in which to object
to the Ordinance, I trust that
Your Lordship will be good enough to submit it for Her
Majesty's gracious confirmation
and all necessary action.
8.
It will be
a
boon to
the Company, whose case has
been
before
the Public in
an undecided form for nearly
a
year, if Your Lordship will be good enough to telegraph the confirmation of the Ordinance. Enclosed is
a
copy of
a Memorandum and article of association of the Company, copy of a Petition in favor of the