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numbered 1 to 550 inclusive or of a majority of them

636

and the remaining 9 shall be from time to time ap-

pointed by the holders of the remaining 450 deferred

shares numbered 551 to 1,000 inclusive or of a major-

ity of them.

5.

The 9 Directors from time to time appointed

by the holders of the said 550 Deferred Shares shall

be appointed a permanent committee of the Board sitting

in London and the 9 Directors from time to time ap-

pointed by the holders of the said 450 Deferred Shares

shall be appointed a permanent committee of the Board

sitting in Paris but all resolutions of the said Com-

mittees in London and Paris shall be subject in all

respects to the control of the Board of Directors of

the Company and to all resolutions of the Board af-

firming disaffirming or otherwise dealing with the

same directly or indirectly.

6.

The Chairman of the Board and also any person

temporarily appointed to preside in his absence at a

meeting of the Board or of the Company shall be a

natural-born or naturalized British subject and be

from

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