Division of profit.
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129.-The profits shall be applied to the formation and increase of the Reserve Fund and shall be divisible amongst the contributories of business to the Company, and amongst the Shareholders in such proportions and manner as the Board with the sanction of the Ordinary Meeting shall in each year determine. Provided that interest on the paid up Capital at the rate of eight per cent per annum shall, unless such meeting decide otherwise, form a first charge upon such profits in favour of Shareholders.
Interest on paid up Capital,
No unpaid divi- dend or bonus to bear interest.
180.-NO UNPAID Dividend or Bonus shall bear interest as against the Company.
Board may de- duct money due for Calls.
181.--THE Board may deduct from any Bonus or Dividend payable to any Shareholder, all Sums of money due from him alone or jointly with any other person to the Company on account of Calls or on any other account whatsoever.
Notice to be given of Bonus and Dividend.
132.-NOTICE of any Bonus or Dividend that may be payable, shall be given to each Shareholder entitled thereto.
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Auditors.
136. THE Auditors, except as hereinafter mentioned, shall be appointed at the Ordinary Yearly Meetings of the Company by the Shareholders present thereat, and shall only hold office until the next Ordinary Yearly Meeting in every Year after their appointment.
137.--RETIRING Auditors shall be eligible for re-election.
138.-The remuneration of the Auditors shall be determined, and may from time to time be varied by the Board.
139.--IF any casual vacancy shall occur in the office of Auditor, the Board shall fill up the vacancy by the appointment of a person, who shall hold office until the next Ordinary Yearly Meeting.
140.--THE Auditors shall be supplied with copies of the Statement of Accounts intended to be laid before the Meeting, and it shall be their duty to examine the same with the Accounts and Vouchers relating thereto, and to attach their signatures thereto when examined and approved of.
Retiring Auditors eligible for re-election,
Auditors' remuneration.
Board may fill up casual vacancy in Auditorship.
Auditors to have copies of Statement of Accounts.
Accounts to be audited.
Who may be an Auditor.
Appointment and retirement of first Auditors
XVI.-Audit.
133.-THE Accounts of the Company shall be from time to time examined, and the correctness of the Statements shall be from time to time ascertained by two or more Auditors, in accordance with these Presents.
134.-ANY PERSON not being a Director or Officer of the Company shall be eligible as an Auditor.
136. THE BOARD shall appoint the first Auditors of the Company, for the purpose of making a Report to the first Ordinary Meeting, and those Auditors shall retire from office at that Meeting.
XVII-Notices.
141.ALL Notices or other documents to be served by the Company upon the Shareholders may be served either personally or by leaving the same for, or sending them through the post in a letter addressed to the Shareholders at their registered places of address in Hong Kong, and every Notice sent through the post shall be deemed to have been served at the time on which, in the usual course of post, it would have been delivered.
Shareholders how forwarded.
142.--ALL Notices to be given on the part of the Shareholders shall be left at the Registered Office of the Company or sent through the post.
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Page 163
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J
Division of
profit.
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129.-The prouts shall be applied to the formatiou and increase of the Reserve Fand and shall be divisible amongst the contributories of business to the Company, and amongst the Shareholders in such proportions and manner as the Board with the sanction of the Ordinary Interest on paid yearly Meeting shall in each year determine. Provided that interest on the paid up Capital at the rate of eight per cent per annum shall, unless such meeting decide otherwise, form a first charge upon such profits in favour of Shareholders.
up Capital,
Nouupaid divi-
180.-NO UNPAID Dividend or Bonus shall bear inte- to bear interest. rest as against the Company.
dend or bonts
Board may de-
for Calls.
181.--THE BOsun may deduct from any Bouns or Di- dact money dae vidend payable to any Shareholder, all Sums of money due from him alone or jointly with any other person to the Company on account of Calls or on any other account whatsoever.
Notice to be
132.-NOTICE of any Bonus or Dividend that may be given of Bonus payable, shall be given to each Shareholder entitled
and Dividend.
thereto.
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Auditora.
136. THE Auditors, except es hereinafter mentioned, Appointment of shall be appointed at the Ordinary Yearly Meetings of the Company by the Shareholders present therent, and shall only hold office until the next Ordinary Yearly Meeting in every Year after their appointment,
137.--RETILING Auditors shall be eligible for re-elee
tion.
138.-Tre remuneration of the Auditors shall be de- termined, and may from time to time be varied by the Board.
189.--Ir any casual vacancy shall occur in the office of Auditor, the Board shall fill up the vacancy by the ap- pointment of a person, who shall hold office until the next Ordinary Yearly Meeting.
140.--THE Auditors shall be supplied with copies of the Statement of Accounts intended to be laid before the Meeting, and it shall be their duty to examine the same with the Accounts and Vouchers relating thereto, and to attach their signatures thereto when examined and approv
ed of.
Retiring Au- ditors eligible for re-election,
Auditors' re- muneration.
Board may fill up essual va- caney in Au- ditorship.
Auditors to have copies of Statement of Accounts.
Accounts to be audited.
Who may be an Auditor.
Appointment
and retirement
of first Auditors
XVI.-Audit.
133.-THE Accounts of the Company shall be from time to time examined, and the correctness of the State- inents shall be from time to time ascertained by two or more Anditors, in accordance with those Presents.
134.-ANY PERSON not being a Director or Officer of the Company shall be eligible as an Auditor.
136. THE BOARD shall appoint the first Auditors of the Company, for the purpose of making a Report to the first Ordinary Meeting, and those Auditors shall retire from office at that Meeting.
XVII-Notices.
141.ALL Norrons or other documents to be served Service of No- by the Company upon the Shareholders may be served tices. either personally or by leaving the same for, or sanding them through the post in a letter addressed to the Share- holders at their registered places of address in Hong- kong, and every Notice sent through the post shall be deemed to have been served at the tirae on which, in the usual course of post, it would have been delivered.
Shareholders how forwarded.
142.--ALL NOTICEs to be given on the part of the Notices by Shareholders shall be left at the Registered Office of the Company or sent through the post.
163
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