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Sub-enclosure to Enclosure a
Extract from the Law Times Newspaper of the 4th January, 1890 p.172.
Private Bills altering Memorandums of Association of Companies
The following is the Report (made at the close of the last session) of the Select Committee appointed to consider and report under what circumstances or upon what conditions, if any, private bills altering the terms of the memorandum of association of companies ought to be allowed to pass:
*That the Committee have met and have considered the matters to them referred, and have agreed to the following report:-
"That it is expedient that power be given by a general Act to companies incorporated under the Companies Acts, to alter or extend by special resolution their memorandum of association within the limits, and subject to the conditions hereinafter mentioned, subject to the confirmation of the High Court of Justice in England and Ireland, and the Court of Session in Scotland, provided that every member of the Company, who by himself, or his authorised agent, has expressed his dissent from such special resolution at either of the meetings held for passing or confirming the same, and every holder of debentures or debenture stock charged on the undertaking of the Company, and any person or class of persons whose interests will, in the opinion of the Court, be directly affected by the proposed alteration, should, subject to rules to be made for the purpose by the Court, have power to appear before the Court