Lira, 100
464
to or
(2) If at any time the proportion of
directors who are British subjecta resi-
dent within the limits of this Order falls
Abelow one half, it shall be the duty of
the directors, and also of the share-
holders, of the company to take within
thirty days, or such further period as the
Court may allow, all necessary steps for
the appointment of such number of direc-
tors who are British subjects resident
within the limits of this Order as may be
necessary to comply with the provisions
of this article.
(3) If default is made in compli-
ance with this Article the company shall
be liable to a fine not exceeding 50
dollars for every day during which the
default continues, and every director and
manager of the company who knowingly
authorizes or permits the default shall
be liable to the like penalty.
(4) Failure to comply with the pro-
visions of this article shall be a ground
upon which an order for winding up the
company