CO129-397 - Public Offices & Others - 1912 — Page 109

117607/12

DRAFT OF AMENDMENT TO SECTION 4.

108

Omit all in the section from the words "and in

the event of" to the end of the section and substitute the following :-

"and in the event of the Company being wound up such securities shall be sold, and the proceeds of sale, together with any such coin as aforesaid, shall be applied so far as necessary towards the redemption of the notes outstanding.

Nothing in the foregoing provision shall prejudice the rights of the holders of notes in the event of such proceeds of sale, together with any such coin as aforesaid,proving to be less than the face value of the notes outstanding, but if such proceeds and coin amount to more than such face value the difference shall be paid over to the Company".