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A.
2 3 23
36.
I notice that shares No. 1 to No. 4,800 were placed at your disposal?.
Yes.
38
They were $100.00 shares, that was $490,000.00 that was placed at your disposal?.
168.
Therefore the first shares allotted to an out- Bider would bu 4,8u1?.
I suggest to you wine would oreate the impa' een ion of poJBCUsing Teul capitalî.
I don'v arce. Nɔ, it was not so.
if you had issued a fully paid share for 10% and
a promissory note for 90%. what would be the Bank's position?
le would differ Shat we would have had to pay dividendu on yhe whule of the 100%.
As a matter of fact, paying dividends on your fumy paid plavus?.
we paid a fixed rate of interest for all over 10. you mean to bay they were not dividend earning shareo?,
They were uävidenu Biles up to 10%.
That is to bay's for everything they paid in they Okalleu dividenů?.
He, they caned interest and not dividend.
Do you agree that this is a fully paid share?, No.
Do you agree that it was a fully paid share?. Mo, Ay it not a fully aid share.
Mr. Fitzroy?
(cour DJONALE (...).