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Unclaimed dividend.
Annual returns.
Accounts
58
the Register of Members in respect of the joint holding; and every cheque or warrant so sent shall be made pay- able to the order of the person to whom it is sent, and the payment of such cheque or warrant shall operate
any as a good discharge to. the Company in respect of the dividend and/or bonus represented thereby, notwith- standing that it may subsequently appear that the same has been stolen, or that the indorsement thereon has been forged.
173. All dividends or bonuses unclaimed for one year after having been declared may be invested or otherwise made use of by the Directors for the benefit of the Com- pany until claimed and all dividends or bonuses un- claimed for two years after having been declared may be forfeited by the Directors for the benefit of the Company.
Annual Returns.
174. The Company shall make the requisite annual returns in accordance with section 27 of the Companies' Ordinance 1911, as amended by section 5 of the Com- panies' Amendment Ordinance, 1913.
Accounts.
175. The Directors shall cause true accounts to be to be kept. kept of the sums of money received and expended by the Company, and the matters in respect of which such receipt and expenditure take place, and of the property, assets, credits and liabilities of the Company, and of all other matters necessary for shewing the true state and condition of the Company.
Where
176. The Directors shall comply with the require- ments of section 77 of the Companies' Ordinance 1911, as amended by section 9 of the Companies' Amendment Ordinance, 1913.
177. The books of account shall be kept at the accounts to Registered office or at such other place or places as the be kept.
Directors think fit and shall always be open to the in- spection of the Directors.
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178.. The Directors shall from time to time deter- Inspection mine whether and to what extent, and at what times and by memb.rs, places, and under what conditions or regulations, the accounts and books of the Company, or any of them, shall be open to the inspection of the members not being Directors, and no member (not being a Director) shall have any right of inspecting any account or book or document of the Company, except as conferred by the Ordinance or authorised by the Directors, or by the Company in General Meeting.
balance
beet.
179. At the Ordinary Yearly Meeting in each year, Annual the Directors shall lay before the Company in General account and Meeting a duly audited Profit and Loss Account, and a balance sheet containing a summary of the profits and liabilities of the Company made up to a date not more than six months before the meeting, from the time when the last preceding account and balance sheet were made up.
directors.
180. Every such Balance Sheet shall be accom- Yearly panied by a report of the Directors as to the state of the report of Company's affairs, the amount which they recommend (with the sanction of the Company) to be paid out of the profits by way of dividend or bonus to the meinbers, and the amount (if any) which they propose to carry to a reserve fund, according to the provisions in that behalf hereinbefore contained; and the account, report, and balance sheet shall be signed by two Directors. A printed copy of such account, balance sheet and report shall, seven days previously to the meeting, be served on the registered holders of shares in the manner in which notices are hereinafter directed to be served.
Audit.
181. Once at least in every year the accounts of the Accounts to Company shall be examined, and the correctness of the be audited Profit and Loss Account and Balance Sheet ascertained by cne or more auditor or auditors.
yearly.
182. The Company shall at each Ordinary Yearly Audit Meeting appoint an auditor or auditors to hold office provisions, until the next Ordinary Yearly Meeting and the follow- ing provisions shall have effect, that is to say :--
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