CO129-587-7 Telephone Amendment Ordinance 1940 9-4-1940 - 16-4-1940 — Page 42

Bill, Clause.

3

Table of Correspondence,-Continued.

Ordinance No. 9 of 1925,

section.

-1

7

38

8

39

9

54

Remarks.

"If, however, the arbitrators are of the opinion that the then existing charges exceed the amount required to provide for the time being for such service and a maximum dividend of fifteen per cent. per annum on the paid up capital for the time being of the Company, they shall require the Company to reduce such charges to such sum as the arbitrators shall con- sider adequate for the provision of such service and payment of such dividend as aforesaid and the Com- pany shall forthwith reduce such charges accordingly.

The repealed section stated-

"All lines, branch lines and exten- sions required by the Government to be supplied by the Company to the Government shall be paid for in accordance with the rates of subscrip- tion specified in the Schedule or such revised rates as are provided for in section 37'.

"shall" for "will".

"March" for "July".

"Accountant-General" for "Treasurer"

twice.

"preceding Company's financial year" for 'preceding twelve months".

"second six months thereof" for "preced-

ing six months".

This is the usual formal saving clause required by Article XXVII of the Royal Instructions.

52