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 THE COMPANIES ACTS, 1862 to 1890. 
 
 OOMPAMT LIMITED BY SHARES. 
 
 emopndnm 
 
 AND 
 
 %T{ikU^ 4 l^sso^iatian 
 
 OF THE 
 
 LOPON & BRITISH COLUPIA GOLDFIELDS, 
 
 LIMITED. 
 
 RENSHAW, KEKEWICH & SMITH, 
 
 2, Suflfolk Lane, E.G. 
 
Collection 
 
 ■ -i 
 
No. 1.7,!)5r» C. 
 
 N.L. KJ'Jlo. 
 
 t£cvtificatc of 3ucovpox*atioit 
 
 OF 
 
 THE LONDON AND BIMTISH COLUMRIA 
 (jOLDFlElJ)S, LIMITED. 
 
 I Irnclin (Ccrtiftl tliat Tuf. London and British Columbia 
 (ioi.OFiKLDJs, LiMiTivi), is this (lay liu'ur|)onited uiider "The 
 Companies Acts, 18(52 to 1890," and tlial tiio Company is Limited. 
 
 fiivcii wndiM" my hanth at London, tliis Sixtcontli day of 
 .May, One Tiioiisand Ei^;ht ilundred and .\inoty-si.\. 
 
 •J. S. I'UllCLLL, 
 
 Jii'jislrar ot Joint Slock Cum/iciiiies. 
 
 Fees and Deed Stamps £35. 
 Stamp Duty on Capital ,C200. 
 
THE COMPANIES AC'I'S, lsr;2 n. IS'.M). 
 
 COMPANY LIMITED BY SHARES. 
 
 "2iXemox-ait6um of Btsciociation 
 
 OK 
 
 THE LONDON AND BRITISH ( OLUMBIA 
 GOLDFIELDS, LlMriED. 
 
 1. Tlio iinmc ol' llic Company is "'riiK London and Miinisii 
 Coi.i'MiWA (ioi.i)ifi:i,i)s, Li.\iiTi:i)." 
 
 2. 'riif Ilcifistcrcd (Jflicr ol' tlic C'omp:ni\ will !)(• sitiiiitc in 
 Engliiiul. 
 
 '.'>. 'I'lic olijci'ts for wliit'li till" ('oin|)any is cstaliiislu'd aro : — 
 
 (1.) To prospect and explore for the purpose of olitaininu' 
 iurorniation, and also to acipiire and enter into treaties 
 and contniets and enuau:i'tnents ol' any dcseription, and 
 either al)solnte or conditional, with respect to lands, 
 forests, hai-l)Ours, mines, niininii' riL;lits, minerals, water 
 riifhts, riviM's. and property of every or any natur(> 
 situate in any part of JJritisli t'ohnuhia, or elsewhei'c ; 
 and to neiiotiate for and accpiire conce.Ninns, pi'ivile^es 
 and riii'hts, ahsolnte or conditional, from any Sovcrein'u 
 Powers, I'lulers, (iovernments (ir Stales, or person or 
 persons, or from any cnrpnrate or oth(>r l)ody, ami to 
 enter into anv arraiiucmcnt with an\- (lovernment, 
 
Ruler or iiufliority, imiiiicii)al nv otUvrwlsr, \\,v nny 
 piir|i()sc, or to any <'ir<M-f. and from time to tiiin- to alter 
 and vary tlie same aceordim^ly. 
 
 {'2.) To carry on mercantile, conimeniial. tradini; and llnanciiil 
 liusiness of any and every description, eitiier as prin- 
 cipais or ayi-nts, or partly as princijials and partly as 
 agents, and to hiiy. sell and enter into conlracts, either 
 ahsoliite or conditional, in respect of slocks, Shares, 
 dehentnres. delientnre stock, bonds. oMi-aiions, options 
 and securities of every or any description in any part of 
 the world. 
 
 (3.) To purchase, take on lease, or accpiire hy cxchani,'o, 
 license, hire, or otherwise, lands, forests, liuildinsjs, 
 liarlMiurs. mines, niinini,' riy;hts. water rights, patents 
 or ol her rights oi- claims (whether alisohitf'. exclusive, 
 optional, conditional or limited), and any other kind of 
 property in an\ part of the world. 
 
 (1.) To work, win, (piarry, convert manufacture, use. crush, 
 wash, siicll. reduce, reline. or otiierwise treat and render 
 inarketahle, ami sell or otherwise dispose of, or deal in 
 nietallifei'ous ipiart/ and ore ami otiier mineral and 
 metal snhstauces ami products and precious stones, and 
 produce of every (h'script ion. 
 
 ("),) To improve, maiia-e, drvelop, or otherwise turn to 
 aec(juut, or deal with all or any of the lU'opcrty and 
 riii'lits (jf 1 lie ( 'onijian V. 
 
 ((i.) To carry on and transact llie trades or l,usinesse> of mer- 
 chants, conlractoi's, carriers hy I.iikI or uatei', farmers, 
 Lj'raziers, tra(h'rs in ami mannfactuicrs (,f all kimls of 
 merchamlise, -oods, provisions ami articles, ami to 
 carry on the linsinesses of l)aid<ers, caijitalists, ship. 
 owners, mana-ers of estates, farms, mines, railways or 
 "IIk'I' i>rop(Tties, and linaneial ai-cnis and hrokers in all 
 their respective hranelies, and the hnsinesses of 
 en-ineers, huilders, miners and any other 'nusiiu'sses 
 directly or indirectly eouimete,! with or capahle of 
 heini-' conveniently carried on in connection with anvof 
 the hnsinesses (or the time heiny or ohjocts ol' tin; 
 Company. 
 
(7.) 'I'o erect, eoiislnii'l. eNlahlisli, or !ie(|iiire l»v |iiireliase, 
 liire, i)r otlierwise. and carrv nut, iiiaiiitain, iniprnve, 
 develop, inaiiaijc, work, eoiitr(d. and superintend any 
 roads, wavs, liridyes, liarlnmrs. reservoirs, water works, 
 i;as works, electrical works, laiins. <',inals. trainwavs, 
 railways, ipiays. wharves. Cnriiaces. mills, enisliinn' and 
 liydranlic works, factories, warclionses, ships, steamers, 
 tui,'s. haru'cs, nnehiiierv , locomotives, wayons, appli- 
 ances, apparatus. ;inil othei' plant and works, and to 
 coiilri'iiitc t.i. viihsidisc. or otherwise jiid and take jiart 
 in an,\ such couNtriu-l ions, wurks or operations. 
 
 {H.) To cull i vale lauds .-lud propcrt \ . n hi I hci- hcloun'iiii,' In the 
 Coiupany or nol. and dcvidoj) the resources thercoj', hy 
 liuildiiiu'. ri'cl.iiniiiiLr. clcMriu'j;. draiiiiny'. dauimiiui;, 
 ditchini:'. r.iruiiiiu'. ami plant iuir. upon such terms or 
 s\slcm ;is nia\ he con^'idcrcd ad\ i^alilc. 
 
 ('.).) To slock, cultivate, and lai-iu lainU, and to hrced. L;'row, 
 and deal in all kinds n',' slock, callh'. -.hccp. liorM's and 
 proiiuce. 
 
 (lO.) To eslaldi-li, loi-m. and ^uli-.i(lise or oilici'vvisc as-is| in 
 the csialdishmcui , prouioiion or lurmatiou of any other 
 comp;i nics h,-iv iiii^' I'm- llii-ir obiccis, or some ol' liicni. 
 iiny of the ohjccis mcnlioncil in this Memorandum, or 
 the |ii'(iscciu ion of any oihcr nndcrlakiuu's oi' enter- 
 prises of any (lc-.ciipl ion haviiiL;- nlijeeis which may 
 advance direcliy or imlirectly the ohjecis of ihis 
 (,'ompany. and to secui-e. hy uiidervvril inu' or otherwi-.e, 
 the suh^^ciplion ol' ;ill or any )i;irl of I he Share or loan 
 Capital of any >uch comp.any, ami to pav or receive 
 .any commission, hriikei'.aues. Ol- other rcmunei-at ion in 
 counection therewith. 
 
 (11.) To contract with or aid any Sovcrciun or other I'owcr, 
 Uovcaaimeni or Stale, or any municip.al or other hody, 
 politic or eoi'|)orate. oi' company or persons for or in 
 relation to capital, credit, means, or resources, for llic 
 proscci'lion of any works. underlakiiii;'s, pi'ojects or 
 enterprise-.; also to contracl for and act as ayents or 
 otheruise in rel.atioii to loans or securities issued or 
 projioscd to he issued hy any (iovernmeut oi' State, or 
 niuiucipal or other authority, or company or corpora- 
 tion, or persons (jr [jcrson. 
 
(12.) 'I'd It'iid or ;i(lviincc iikuh'v on IIm- security oC any kiiul 
 (if |ii(i|HTty, riijIilH, stocks, sliarcs, lioiwls. (lcl)cntur»' 
 stock, iiiortu:!i!?t's, (IcliiMitiircs. oliliixatioiis, l)ills, notos 
 or other iiisti'imieiits or securities, or on tlie nndertakiiii; 
 of any company or any i)art tlicrcol". 
 
 (IH.) 'I'o ncijotialc loans of all descriptions, eitlicr alone or 
 jointly with any other con\pany or person, to any 
 State, country, municipality, railway com|)any or any 
 other company, or corporate or other hody, or any 
 person or persons. 
 
 (1 I.) 'I'd adxance nionev foi\ o' itherwise assist in makinff 
 cNplor.itinns and surveys of cvei'x kind, and in 
 promotint,' immiy;ratiou into any country. Colony or 
 State. 
 
 (1.'.) 'I'll uuar.'iiitee the |)erl'orniance of any contracts, or 
 
 enuaiicnients, jind to become liahle or responsihle for 
 
 money, or for the fullilnient of contr.aets entered into 
 liy others. 
 
 {H\.) To issue on commission, or I'ceeivc hrokeiau'c". "i" other 
 I'enuineration or eonsidei'ation, ujion the issue, or 
 re-issue, or for iiuar.anteiMuu- the issue of. or the 
 paynu'ut of intei'cst on any Stocks, shares, dehentures, 
 delicnturc stock, bonds, olilii^ations or other securities 
 of any company or public or local authority. 
 
 (17.) 'I'll borrow or raise money without security, or to secure 
 till' jiaymeut ol' money borrowed or r.'iised. and in 
 pari icuhir liy tlie issue of debentures or delientur'' stock 
 (perpetual or terminal), bonds, mortnai^'cs or any other 
 security upon such terms as to priority or discount or 
 otherwise, as sliall he thought lit, and to secure the 
 same if ihouiiiit 111 by niorlu'au'i' or eharu'c upon the 
 uniler1;ikinii' of tlie ('om|)aiiy and all oi' any of its real 
 .■mil personal pro]ierl\ . present and future, and all or 
 an\ of lis uncalled eajiiliil. or in any other niiinner, 
 and III purchase or redeem (at a premium, if deemed 
 e.vpedient) any debentures, debeiil ure slock or securities 
 of the Comp.anx . 
 
 (18.) To sell, lease, ehiiiter. or otherwise dispose of. absolutely. 
 cunditionalK . or foi' anv limited interest, the whole or 
 
aiiv |i;ii'l nf I hi' iimlrrliikiii!;. |(i'u|iirl \ , iinlil>.. rnii- 
 <'('ssi()ii* 111- |iii\ ili'ifi's III till- ('iiiii|i;iii\ lui' siirli iviii- 
 sidcrntiiMi ill ciisli, sliiii'rs, III' III licrw isr, :i<< I III' ('iiiii|i:iiiy 
 
 DlilV lllillk lit. .'Illll In illlMlllliMI IIIIV |i:il't ill' till' llll<>i llfsS 
 lor till' tillir lii'iiiLr III' till' ( 'iilll|i,'ltl_\ , illlil In ri\v\-\ nii ;iliy 
 til' I lie iilijiTls liii'iil iiiiii'ij ill t his fj.illM'. In I III' cM'ln-.iuli 
 nl' thi' iitlli>|'>, illlil In ,'l('(|Uil(' nr illslitUlr ,'lll\ Ill'W 
 
 I'loiiifss riiliiiij; within ihi' njiji'ds nl' tin- ('niii|iaii\, nr 
 iiiiN III' such cilijccts. 
 
 (V.),) 'In siihsi'iilir I'm-. |im rli.isr. nr ii| hi-rw isr ;ni|iiir(' Ihi" 
 >liari's nr slnrk. W lli'l her nriliii;ir_\ , |iri ri'Ti'i] ni' ilcl'iTi'i'd, 
 nr ;hr iji'liciil lurs. Iininls. ,t\- iilhi'l' srciiril ii's nf anv 
 
 rniii|iaii\ . ami In ,ii'('i'|ii ihr s.-imi- in |ia\iii('nt I'lir any 
 
 |ir('|liMt_\ snhl. 111 liilsiiii'ss inillrllaKrll. nl' sr|\ ici'S 
 ITIhIi'Ii'iI liy this ( 'nlii|i;iii\ . :i|iii in liujii. si'll. nr nlhi'l'. 
 \\ isr i|r;|l W i I ll t III' s;i|||i'. 
 
 (I'll. I 'I'll |i;i\ I'm' ;iii_\ I'i^llls (ir |irn|n'|I\ :ir(|lli|ri| li\ till' 
 < 'niii|iaii\ . Ill- ail \ sri\ icrs iTmln nj in ) hr ( 'niii)iaiM . Ill 
 I'lilly nr |iartl\ jiaiii shinrs m- sinck. ili'liriit tin's nr nlhiT 
 si'ciii'itii's i){' till' ('niii|iMii\ , ami In iiiakf such |ia\ iiiciits 
 
 nl'uirts |i_\ \\;\\ ijf Imiiiiis ,ir nllirrwisi'. ailii I'illii'l' ill 
 liiiilii'V nr ill :iii\ nliii'i' vallir as iii;i\ rrniii tiim' in liim' 
 III' iliTiiicii i'\|irilirli! fur i nrnriiial inli nr ;h|\ icr ^i^ , n ,,|. 
 I'nr srr\ ii'i's 111' ;ius killll li'irli'li'il In 1 he < nm |iall \ . n)' 
 ill cnlllli'l'l inn with whii'll llir ('nlii|iaiiy ma_\ lir ilil'i'i'llv 
 
 nr imliri'ctlv iiiirrcsiril. .■mil ^mrrall^ In mnkr anv 
 |ia_\incnis nr auicc In |i;i_\ anv cnininissiniis, with nr 
 \ntiinui aii_\ cniisidcrat inn inn\ iin^- in the ('nni|iaii\ , if it 
 is cniisiiliicil liy till' Dirrrtnis ill llir inti'ri'sis nr (liri'i'l Iv 
 nr inilircclh' in the hrlli'lit nl ihr ('niii|i;in\- In iln sn. 
 
 (21.) 'I'o jirninnti' ali_\ cnni|iaii\ I'nr IJir iini'iinsc nf aciiliirim^' 
 all or any part nl' liir nmlcriakinu'. |irn|ii'rty imd 
 liahililics of tiic ('niii|iany. ALsn in ai'i|n:ri' the umli'i- 
 takinu' and assets, ami nndci'lake the liahililies nl' ;iiiv 
 nnw esislini;' nr Inlnre eniii|i:iny. and In cnmliiel. 
 lii|iiiilali'. nr wind n|i tlie luisiness nl' any such ciini|iaii\ . 
 
 (22.) 'I'll enter inln |iartni'rshi|i nr inin any al'rall^■enll■nls Inr 
 sharing' prnlits. en-n|ieratinn, reei|ii'i)eai cniicessinn, nr 
 nlherwise, wilii an\ persnii nr eninpany, and to 
 reninnerale any |ii'rsnii nr persnns. jninl-stnek ni' nilier 
 ('nin|iaiiy. iiy lixed salary nr '^|lecilied reinnneral inn. nr 
 hy a sli.-ire nl' |iri)Hts jtresenl, past or Inlnre, or pari niie 
 wa\ ami part the ntlier. 
 

 6 
 
 (23.) To iiiiilsc and carry into cfroet or dolcrminc' arranije- 
 iiients with British or lbrei!^ii inaniilacturors, railway 
 and shippini; companios, |)ropriotors or cliartercrs of 
 shi|)|)inu', carriers, propi-iotors of stcaiii or othor 
 mceiianical i)o\vor, and otiior persons or conii);my. 
 
 (21-.) To carry on, work or develop any jtroporty or husiness 
 of any kind, or to concur with others in so doini^, or 
 employ others to do so, as may he i'ound expedient. 
 
 (25.) To i)ay any commission or hrokeraii'c lor the purpose of 
 securing' the sul)scription ol" any pari of the share or 
 loan capital of this Company, or of any comjiany 
 )iromo<ed liy this ('()mi)any, or in which this Comi)any 
 is or intends to he interested, and generally to 
 remunerat<' any persons for nnderwritim,' such capital, 
 or for services rendered in placing', or assisting to place, 
 or liuarantreinu' the placiiius of any shares, dehenlnres 
 or other securities of the Company, oi' for promoting 
 or guaranteeinu' the raising of eapit;il for any other 
 company, and to nnderwrile or otiierwis(> g'uarantee 
 the :-,!!l'seriplion for or placing of the share or other 
 capital of any othei' company. 
 
 (20.) To iirnciirc llii>~ Company to lie legalised, domiciled 
 or recoLiiii'il'd in any foreiuii country or colony, and to 
 procure its iiicorporat ion in a like ciiaracter, or as ;i 
 iSociete Anonyme in any forciu'u country, and to carry 
 on the husiness of tile Company, or any pari thereof, 
 in any foreiun cnunlry or colony, or (!e[)endency of the 
 I'nited Kinuilom or in any part of ihe world, under 
 any other style or nanu-. 
 
 (27.) To draw, .u'cept. make, indorse, dix'oiint. iind negoti.-ite 
 liilis of cxclianuc', iironii>sory notes, warrants and 
 other negotiahle instruments other than l)ank notes. 
 
 (2S.~i To distriliule anioim' tlie Meinliers in specie any iiroperty 
 of the ( 'ompany. Ill- an\ proccrds of sale or disposal ol 
 any properly of the Company, hut so that no 
 dislrihution amnuutim;' I a reduction of capital he 
 made except with tin' sanction lif any) for the lime 
 heinu' re(|uirr(l li_\ la\\ . 
 
 {•2U.) To evereisc ilic poueis uiveii liy •''Ihe Companies' Seals 
 Act, ISC.I." and •■ The Com|ianirs (Colonial Registers)' 
 Act, 1^s;:5." 
 
(30.) To til) all siicli nets iiiid tliins^'s as arc incidental or 
 (.'onducive to tlic aliovc ()l)j('c'ts. 
 
 (31.) It is expressly declared that the intention is that the 
 objects set forth in each of the f'orei;;oiniz: ])ara.iraphs of 
 this (dause shall he construed in the most liberal way, 
 and shall be in nowise limited or restricted by reference 
 to any other paraixrapli, or by any inference drawn from 
 the terms of any other para^'raph. 
 
 (32.) The word " Company" in this clause, when not applied 
 to this Comi)any, shall be di>emed to include any 
 partnership or other l)0(ly of piu'sons, whether ine )i'- 
 porated or not incoi'[)orate(l, and whether doinicileil in 
 the L'nited Kingdom or elsewiiere, and whether now 
 existintf or iicreaftcr to be formed. 
 
 !•. The liability of tiie MenilxTs is limited. 
 
 :>. The Capital is i;2()(),00(), divided into 197,500 Ordinary 
 Shares of £1 each and 2,oOO Deferred Siiaves of £1 eaeii. 
 
 The profits of tiic Company of each yc^ar wiii(di it shall j'rom 
 time to time lie dctcnniiird lo dislributc hy way of dividend sliall be 
 a))plied in the first place in jjayinn' a non-cuniulati\ c di\ idend of 
 20 per cent. ])er auiniin upon tiie capital paid up on the ()rdiiiary 
 Shares, and tiie surphis siiall 1)(> aj)plied as to one moiety to liie 
 payment of further di\iiiend upon the ca]iilal ])aid up (>n the 
 Ordinary Shares, and as to the remaining; moiety to tiie pavmeiit of a 
 dividend upon the capital paid up on llie l)eleri'<'d Shares. 
 
 On till' winding up of tiie Company tiie assets siiall he applied 
 in the first place in payii'i;' oH' ijie whole of the capital paid up on 
 tiic Ordinary Sliares, to^'i>ther with a lioi.us of 20 per cent, on the 
 amount thereol', ill llie next place in payiiin' olV the whole of ilie 
 cajiital ])iiid up on tlie Deferred Sliares, and the surplus shall be 
 divided as to one moiety thereof amoiiu' the holders of the Oriliuary 
 Shares rateably aud in pro[iortioii to the iiiiinher of ( )r(liiiary Sliares 
 held liy iheiu rcsjieetively. and as to the remaininn- moiety t iiereof 
 amonii' the holders ol'ihe Deferred Sh.ares rateahly and in proportion 
 to the iiiiinher <;!' Deferred Shares ludd by them respeeti\('lv. 
 
 Siibje<'1 as aim ('said, and without prejudice lo the riL;iits attached 
 to the < )rdinary Shares and Deferred Shares respeci i\ civ , t he C.ipital 
 of the Coinpaiiy for the time bein;.;' may he diviiied into seNcral 
 classes, and prefereiitiiil. deferred, (pi:ilifieil. or special li'^iils, 
 pia\ileu-es, or restrictions may be altac'ied to the SIko'cs in any such 
 class, and the i-iuhts hereby attiudied to the ' )riiiiiai-y and Di'ferred 
 Shares res[ieetively may be \ai'ied or aliron'ated. 
 
8 
 
 Wiilt, tlic several ])ersons whose niiin(>s iind addi'esses are suhserihed, 
 are desirous of Ix'iiii; loi'iiied into a Conipaiiv, in iMU'suance oi' this 
 Memorandum oi' Assoeiation, and we respect ively auree to take the 
 uuiiiber of Sliare-. in tlie Capital oi' tin? Company set op|)osite to our 
 respective names. 
 
 XvMK'*, AdDKKSSK.S, AM) l)i:scllIPTl()NS OI' St.- Ilsilll liKlls. 
 
 Niiiiilicr d!' 
 
 Onliiiai'v Miiircs 
 
 lala'ii by cai-li 
 
 •Siil)»i'i'iliei'. 
 
 A. Johnston K Doifu.As. |).L.. 
 
 Comlony-oM Caslle, 
 
 Ituthweli. N.I5. (jiie. 
 
 Ainiiii! I'i;i,i.. 
 
 IC. <i»n 1 \ietoriri St.. IvC. 
 
 Solieilur. One. 
 
 DouGL.vs .1. Nkami:. 
 
 10, 'riiroi;ni(irt(jn Avyiuie, K.C.. 
 
 !Stoci\hroi\er. One. 
 
 llicuij. I'oi'Kiss, A..M. Inst.C.i:., 
 
 lianiiicv ITonse. 
 
 Siirhitun. One. 
 
 C. (i. IvKUKWUn. 
 
 •2. SulVoik Lane, E.C., 
 
 Sdlieitor. One. 
 
 (i. II. II \IMi:i.l). 
 
 ]J!». (Queen's iloa<l. Daiston, 
 
 Solieitoi's Cleik. One. 
 
 Ainiii i; I5i;nwi;i,i.. 
 
 10. Machell Itoad, 
 
 Nuniicad, S.K.. 
 
 Clerk. 
 
 One, 
 
 Dated tlic l.'ttli dav ol' Mav. ISUC. 
 
 Witness to all tiic aijove Sii,qiatnres 
 
 .1. II. MODKLL, 
 
 :.', SulVuik Lane, 
 
 London, l].C., 
 Cirik lo .Mosrs, Uknshau, KiunvKn iV Smith, 
 
 Solrs. 
 
THE C0>[1'AN1ES ACTfS, im-> lo isoo. 
 
 C01^FJi^l<J-Y- LIIMIITEr) BY SHI^K^ES. 
 
 Jli*ticrci*i of Hi^oociatiou 
 
 OF 
 
 THE LONDON AND BIUTISFT (^OLUMBIA 
 GOI.DFIELDS. LIMITED. 
 
 It is Agiii;i;i) as r(jLi.ij\vs : — 
 
 I.- PRELIMINARY. 
 
 1. 'riic l•l'^■ulJ|li^ll^ contjiiiicd in 'I'alilc 'A" of tlir l-'irst 
 Sclicdiilc to "Till' C'iin|);nii('s Act. iMili," <\\t\\\ not iipply .o this 
 C()in|i;niy. Imt tlic I'oUowiiii;' slitill he the ^t'^■ulat ions oC the ('oni|i;ni_v. 
 
 2. In tlir con^tfiictiiin of tlicsc ^Vrticlcs. liic rollowiiiu' woi'ds 
 sliall liMvc llic i'('sj)('('ti\(' nicaninu's licrchy assiunnl to tlicin. unless 
 tliiTi- lie sonictliiiii;' in tlic context ineonsistent tliei'ew itii : 
 
 (a.) Words denotinii' tlie sin^'iilai' ininili'T onl\ shall inchid(> 
 the plural nnnihei' also, and xlrt- \'er>a. 
 
 (li.) Words (lenotin^■ till' luascnline i^cnder only shall include 
 the reniinine Li'ct.dei' also. 
 
 (C'."l \\ oi'ds denotinu' jnTsons only sh;dl iindnde eorpoi'at ions. 
 
 (J).) •• SiK'ci.-il Kesolution "and'- I'Mi'aordinii-x Hi's,, Jiil ion "' 
 shall ha\c the meaninus assigned thereto hy Sections 5 
 and iL'it respectively of" 'J'lic Coiiii)anie> Act, lsG2."' 
 
10 
 
 (i:.) " Tlie Hoard " means the Board of Directors for the 
 time liinn!,', incliidiiii,' their iilteriuUos ; and ev(n-y 
 provision lierein contained relatini,' to a Director sluill 
 apply equally to liis alternate (lualiiieation for olliee 
 excepted. 
 
 (|..) " The OfUee " means the registered office for the time 
 being of the Company. 
 
 (o.) '• :Month " means a calendar month. 
 
 II.-CAPITAL. 
 
 1. SHARES. 
 
 :•,. The ori-inal Capital i^ divided into 1'.)7,o00 Ordinary Shares 
 of CI eaeli, and '^oOO Deferr.'d Shares of CI each, and sueli 
 Ordinary and Deferred Shares sliail respectively confer sueli rights as 
 are provided liy th(> 'MenKiriindam of Associatimi. 
 
 [. The Shares of the Original Cai)ital of the C'omjiany may 
 be allotted, or otherwise disposed of, to such persons, and for such 
 consideration, and upon s\u'ii terms ami eouditions as the i'.oard may 
 determine; and the Hoard may make avrau-ements on the issue of 
 any Shares lor a dill'erenee between the holders of such Shares in tiie 
 anio.int of Calls to he paid, and the lime of jiaynuMit of such Calls. 
 
 5. If several persons are reuistercd as joint holders of any Share, 
 their liability in respect thereof shall be several as well as joint. 
 
 (i. The executors or administrators of a deceased Menii)er. not 
 beinu' a joint bolder, and in the case of the dca.h of a joiul holder, 
 the survivor or survivors, shall alone he recogni-ed by the Company 
 as bavin- any tith- to the Shares ivgistered in the name of the 
 (U'ceased Member, but nothing herein contained shall lie taken to 
 release the estate; of a deceased joint bolder fniui any liability on 
 Shares held by him jointly with any other person. 
 
 7. The Com|)any slndl not be bound by, or be cnuipelled in any 
 wav to recou'uise, even when haviui,' notice tlierenf. any oilier riu'ht 
 in respi'ct of a Share than an alisolnte ri-lil llieivto in llie iv-istered 
 holdi'r 1 hereof for the time being, or such other riulits in case ol 
 lrai\sinission therei)f as are hereinalter mentioned. 
 
 S. The funds ol' the Company -.ball not be expended in the 
 purchase of. or lent u|ion the security of its own Shares. 
 
■s for the 
 
 11(1 every 
 
 ctoi' slijiU 
 
 t'oi" ollico 
 
 the time 
 
 aiy Sliiives 
 
 iuul sueli 
 
 li rii^'hts as 
 
 ])any may 
 I I'oi" such 
 Board may 
 le issue of 
 ares in tlic 
 eh Calls. 
 
 any Share, 
 joint. 
 
 iMuher. not 
 inl holder, 
 ' (.'ominuiy 
 nie oi' the 
 e taken to 
 liahiiitv on 
 
 'lied in any 
 
 othiM- riu'ht 
 
 ■ resist ered 
 
 ill ease ol 
 
 ided in the 
 
 11 
 
 2. CEIlTIFICATi:s (JK SlIAlll-.S. 
 
 !). iMcry Memlxn- siiall he entitled without payment to oiio 
 Certiticato undijr thn Coinmon Seal of tlie (Jonipany, spfjeityiii;.? Hie 
 Shares lield hy him and tin; amount paid up thereon. 
 
 10. The ("ertificato of Shares reifistcMvd in the names of joint 
 holders shall he delivered to the iioldei' wiiose name stands first on 
 the IJei^istor of iFemhers. 
 
 11. If !i Certificate he worn out, destroyed, or lost, it may h(? 
 renewed upon payment (>\' one shilling' (or sucli less sum as the 
 Company in General ^[e(>tinii; may prt^serihe) upon the production 
 of such evidence of its having: heen worn out, destroyed, or \o<\. as 
 the Board may consider satisfactory, ami u|)on sucii indemnity, witii 
 or without security, as the J?oai'd may require. 
 
 ;5. CALLS ON SlLVllKS. 
 
 12. The Board mtiy from time to time (suhject to any terms 
 upon wliicii any Shares may have l)eeu issued) make su(di Calls as 
 they think tit upon the ^lemhers in res[)ect of all moneys unpaid on 
 their Sliares,an(l not hy the terms of allotment made payahle at fixed 
 times. Provided that no Call shall exceed 2") ))er cent, of the nominal 
 amount of a Share or he made payahle within two months after the 
 last |)rece(lini;' Call was payahle. liacli .Memher siiall hi' liahle to 
 [lay the Calls so made, and any money payalde on any Share 
 under the terms of allotment thereof, to the jiersons and at ihu 
 times and places ap[)ointe(l hy the Jioard. 
 
 l.'J. A Call shall he deemed to have heen made at tlu! time 
 when the resolution of the Board aiilhin'isinu' such Call was 
 passed. 
 
 1 t. If any Call payahle in respect of any Share, or any money 
 payahle on any Share under tlu' terms of allotment tliei'eoj'. he not 
 ])aid on 01' liefore the day appointed for payment, the holder oi' allottee 
 of such Sliai'c shall Ix' li;ihle to pay interest upon sueli Call or money 
 from such day until it is actually paid at any rate iixed hy the Hoard, 
 not exceeilinL;' Cllt per cent, per annum. But the Dircciors may 
 when tliey think lit remit altoL;-ether or in i)arl an, such sums 
 l)eeomini:' payahle for interest under tlii-. clause. 
 
 lo. 'I'jie Board may, if they think lit, receive IVom any .Memher 
 willing;' to advance the sramc all or any [)art of the money un[iaid 
 
upon any of tlic Shares held by liini Ix-yoiul ilic stuns actually called 
 I'or, eitliei- as a loan repayable, or as a paynn-nl in advance of Calls, 
 but sucli advance, wlietlier i'ei»ayal)le or not, shall, nntil actually 
 repaid, extini-nish, so lar as it shall extend, the liability exislin- upon 
 the Shares in re-;peet of which it is received. Upon the money so 
 received, or ui)on so nuicli thereof as IVoni time to time exceeds the 
 amount of tin- Calls then made upon the Shares in rcsi)cct oC which 
 such advanci' has been nnub', the Company shall pay interest at such 
 rate as the .Member advancini; the same and the Board may ai,n-ee 
 upon. 
 
 1. ■niANSFKU AND TllAXS.MlSSrON OF SIlAllKS. 
 
 1(1. The Translcr ol' any Sliare in the Coin]);'.ny not represented 
 1)V a warrant to bearer shall be in writing' in the usual coninion lo.m 
 aiid shall be si^j-ned iiy the traiisAn'or and transferee. There sliall be 
 paid to the Coniimny in n-.pect of the reuisi ration of any transfer a 
 foe of two shillings and sixjx'nce, or such less amount as the Uoard 
 may direct. 
 
 17. The Board may decline to register any Transfer of Shares 
 upon which the Com]>any has a lien, and in the case of Shares not 
 I'uUv paid up may refuse to re<,nstcr a Transfer to a Transferee of 
 whoiu they (h) not approve. No 'I'ransfcr of Shares shall l)e made to 
 an infant or a person of unsound mind. 
 
 IS. Tli(> instrument of transfer -hall be lodged wilii the Com- 
 pany, accompanied by 11k> certilicale of the Sliaies compiJM'd llierein, 
 and such evidence as the Hoard may lUMpiire to prove the title of the 
 Iransferoi', and thereupon and upon iiayuu'nl ol' t he pro[)er fee the 
 transferee shall (subjin-t to the iloard's ri-ht to decline to reii'ister 
 hereinbefore nuMitioned and to their ajiproval of the title of the 
 transferor; he reu'isteri'd as a ^[eml)er in respect of -ueh Slntres. and 
 the instrument of transfer shall be retained by the Conii)any. 'I'lie 
 Board may waive tlie production f)f any eertifu'ate upon evidence 
 satisfaclo'.v to them of it> loss or destruction. 
 
 1',). Any pei'son heeomiuu' entitled to a Share in eonse(pienee of 
 the d(!ath or l)anlvrui)tcy of a Member, or otherwise than hy transfer, 
 mav, subject to the regulations hereinbefore cunltiined, be rej^'istered 
 
13 
 
 liilly ciiUcd 
 (> of Ciills, 
 
 il iu'tiiiilly 
 sliiiii' upon 
 ( iiK^iicy so 
 •xcct'ds tin; 
 •t ol' wliifli 
 est ill such 
 
 luav iii^ree 
 
 It lis. 
 
 rcpi'csi'iitt'il 
 iHinoii l'(;,in 
 iMi' sliall be 
 y trimsrcr a 
 s tlic I'loard 
 
 r ol' Shares 
 Shares not 
 ansreree ol' 
 l)e maih; to 
 
 ill the ('om- 
 ]>(•{[ tliereiii, 
 
 tilh' of I ho 
 (iper lee tlu; 
 e tu rcii'ister 
 tith' of llie 
 
 Shares, and 
 ipaiiy. 'riie 
 Kju evi(h'iK'(! 
 
 nse(|Uenee ol' 
 
 li\ Irausfer, 
 
 be re^'islered 
 
 as a Momhcr upon production ol llu' Sliare Certilicate and siieh 
 evidonc(! ol'titlo as may lie re([uir{d liy tlio Hoard, ov may, suhjeel to 
 the said rei,'idatioiis, instead oi'lieinu' reu'istered iiiinscdl', tri.nsl'er siieii 
 Siiarc. There siiall he paid lo I lie Company in respect ol' any rei;is- 
 tration on transmission a fee of two shillin'j,s ami sixpenee, or sneii 
 less amount as the iJoard deem lit. 
 
 :.. I.IHN ON SIIAIMIS. 
 
 '20. The Company shall have a llrst and paramount lien on all 
 Shares not fully |iaid up, and on the interest and dividends deelared 
 or payable in respeel thereof, for all mimeys due to (ineludiiii;- calls 
 made even tlion^'h the time anpointed for their payment may not 
 have arrived) and li;il)ilities snhsislinu' with the Comjjany from or on 
 the part of the l!eu-i>ten'il Holder or any of the llcLiiNlered lloldei's 
 thereof, either alone or jointly with any other person, and may 
 enforce such lien hy side or forfeit ui'e of all or any of the Sharo on 
 which the same nniy attach. I'mvided that •^ueh forfeiture shall not 
 be made, except in the case ol a debt or liability, the amount of 
 which shall have b.'en ascertaim-d. ami that only so nnmy Shares 
 shall be so forreited as the Auditors of the Company shall certify to 
 be the ('(luivalent.at the then market value, of such debt or liability. 
 
 ('.. i"()i;!"i;iTi'iti: and sri!i;i:M)i;i; oi s!Iai:i:s. 
 
 :.>! . If any .Mcinbi'r fail to pay any call or money payable Uioler 
 the terms of allotment of a Share, on the day appointed for |)ayment 
 tlKTcof, the lio.ard may. at any time while the sam(> remains unpaid, 
 serve a notice on him rei[uirinL;' liim lo p:iy the sanu'. tou'ctlier uith 
 aiiv interest tlnit may have accrued 1 hereon, and any expen-es t hat 
 mav have been inenncd by the Con:pany by reason of such nun- 
 payment. 
 
 •I'l. The notice shall name a furt her (hiy, not beiiii;- less than 
 seven days ''r(nn the service of the notice, on or before which such call 
 or other money, and all interest and expenses thai have aerriu'd by 
 reason of siu'li iu)ii-i)a\ ment arc to lie paid, ;uid the place where 
 payment is to lie made (the place so named bcinu' eilliei' the 
 Keuislcrcd OHic<- of th<' Company, or some other place at which calls 
 of the Company are usually made paytible). and shall state lli.u in the 
 event of non-payment on oi' before the day ami at the place ,a|)poinli'd, 
 the Share in respect of which such paMn'Mit is due will be liable to be 
 foi'fcilcd. 
 
14 
 
 23. II' tlic rcfiiiisitiotis of any siii'h iiotirc as aluivsaid avo not 
 coniplicd witli. till' Sliaiv in ics|)i>i't of wliicli sucli notice lias hcon 
 i^ivon may at any ti.iu" tlKM-cal'tev, before payment of all moni-y due 
 thcroon with intei-est and oxpLMises shall have heen made, be rorl'i-ited 
 by a resohition of the Koard to that ell'ect. 
 
 21. Any Share iori'eited shall be deemed to be tlie liroperty of 
 the Com])any, and may be held, re-allotted, sold, or otherwise dis()Osed 
 of in sneh manner as the Hoard think tit, and in ease of re-allotment 
 with or withont any money paid thereon by the former holder heini,' 
 credited as paid np ; bnt the Moard may at any tinn- liefore any Share 
 so forfeited sliall have been re-allotted, sold, or otherwiM- disposed of, 
 annul the forfeiture there<)f upon such conditions as they may think 
 fit. 
 
 2'). Any .Alemb')' whose Shares have been forfeited shall, not- 
 ■withstandin*^ such Ibrfeitm'e, be liable to pay to the Conipanv all calls 
 or other money, interest, and ex[)enses owin^' in respect of such Shares 
 at the time of forfeiture, toLrether with interest thereon from the time 
 of forfeiture until paynn-nt at the rate of CIO per cent, per 
 annum. 
 
 •H'<. 'I'he I'xiard may aecejjt the surrender of any Share by way 
 of compromise of any (piestion as to the hohler beinu' jiroperly 
 re<>'istered in respect thereof. Any Share so surrendered may be 
 dis|)oscd of in the same nninner as a forfeited Share. 
 
 07, 111 ili(. ("vent of there-allotment or sale of a forfeited or 
 surrendered Share, or the sale of any Share to euforee a lien of the 
 Companv, a eertilicate in writini;' under the Common Seal of tin; 
 Convpany that the Shave has been duly Iori'eited, surrendered or sold 
 in accordance with the reuub'tions of the Company, sjiall be sullicient 
 evidence of the f;icts thci'ciii staled asa'/ainst all persons ebiiinini;' the 
 Share. A certilicale of proprietorsiiip slmll be (leli\-ere(l to the 
 purchiisei' or allottee, and he shall be reuislered in respeel thereof, 
 and thereupon be shall be deemed the lioMi'r of the Share disehar^'cd 
 IVom all call- or other luoney. interest and'expenses due prioi' to such 
 iiurehase or allotment, ami he shall not be bouiul to sec to the 
 applieation of the purchase-money or considcrtition. nor shall his title 
 lo the Share be alfected by any irregularity in the forfeit nre. surrender 
 or sale. 
 
15 
 
 id arc not 
 I' lias lu'on 
 moncv due 
 11' rorlVitcd 
 
 7. SllAltK WAIt RANTS T(J I'-KAItHi:. 
 
 2S. 'I'lic Hoard may issue, under tlie Coinnion Seal of the 
 Coinimuy, Siiarc Warrants to Hearer in respeet of any I'uily |iaid-up 
 Shares, and all Shanes, while represented l)y Warrants, shall he 
 tnuisferahle hv delivery of the Warrants relatint; thereto. 
 
 property ol 
 se (lis])osed 
 I'-allotment 
 )lder heini; 
 ' any Share 
 [lisposed ol', 
 niav think 
 
 1 shall, not- 
 in\ all calls 
 such Shares 
 mi tiie time 
 cent, per 
 
 lare hy way 
 It;' properly 
 'ed niav he 
 
 (orreited or 
 lien of th(> 
 Seal of the 
 red or sold 
 he snilieient 
 •hiiinini;' the 
 ■rcil to the 
 leel 1 hereof. 
 i' (liseharLi'ed 
 irioi' to such 
 see to the 
 hall his lith- 
 re. surrender 
 
 .1 
 
 , 
 
 •2',). Any person applyini; to have a Shar Warrant issued to him 
 siiall, at the time of apidication, pay, if so renuired hy tin' Hoard, the 
 stamp dui., (if any) payahle in respect thereof, or if the Coi.ipany 
 shall |iieviously have coiniiounded for siudi stamp duty, then such 
 sum (if any) as the lioard may determine in respeet of the amount 
 payahle hy the Company for siu'h composition, and also such fee as 
 the Hoard shall from time to time li\. 
 
 ;5(). Suhjeet to the provisions of tlu'^e Articles and of " Tho 
 Companies Act, ISO?," the Hearer of a Share Warrant shall ho 
 deemed to ho a .Memher of the Company to the fidl (!,vtent. hut he 
 shall not he entitled to attend or vote, personally or hy ])ro\y. at any 
 General .Meetin-,', or to sii,'n a requisition for a MeetiuLC, or join in 
 eonveninu' a ^[eetini,'. unless three clear days previously he shall have 
 deposited the Warrant rolatiiur to the Shares in respect of which he 
 pro|)oses to vote or act at the liCLj'istered Olllee of the Comjiany, or in 
 the ease of holders of Warrants resident ahroad at such other jilace as 
 the Directors may ap|)()int. No Shares represented hy Warrants shall 
 he reckoned in the ([ualilicatiou of a Director. 
 
 ;)1. The (.'ompany or its an'cnt shall deliver to a .Memher 
 depositin;;' a Share Warrant in the manner ahove mentioned, a certili- 
 eate statini;- his name ami address, aiul the niunher of Shares represented 
 hy such Share Warrant, aiul the eertilieate shall entitle him to attend 
 and vote at a (ieiu'ral .Aleetinii' in respeet of the Shares speeifn-d therein, 
 in the same way in all resjiects as if he were a reuis1(>red Memher. 
 Upon (hdivery up of the eertilieate the Company shall return him the 
 Shtu-e AVarrant in respeet of which such cortillcate shall have heeu 
 ^■i\-en. 
 
 :52. No person, as Hearer of a Share \\'arrant. shall he (>ntitled 
 to exercise any of the riuhts of a Memher (saxc its hcreinhefore 
 expressly provided in respect of (ieneral Mci'tiiiLi's) without pro- 
 ducinu' such Share U'arrant, aiul statiiiL;- his name, address, and 
 oecu[)ation. 
 
 'V,i. The Company shall not he hound hy, or he compelled in 
 any way to recognise, even when having' notice thereof, any other 
 
Kl 
 
 rii,'lit ill respect of (lie Sliiirc rcinvsciitcd liy ii Share Wiirranl. lliiiii 
 an absolute ri^lit tlieruto in tlie liearer tiiereol' for tlie time lieiiii;. 
 
 31. 'I'lie IJoard may provide, liy coiipoiis or otlierwiso, lor tiic 
 payment ol'tlie I'litiin Dividends on tlie Share included in any Share 
 "Warrant, and the delivery up of a coupon shall he a ijood discharije 
 til tlic Coiiipany ol'the Dividend thereby represented. 
 
 ;!."). Il'aiiv Share Warrant he woiii out, di'stroyed, or lost, it 
 iiiav lie renewed (III payment ol' one shilliiii;' (or siieii less sum as the 
 Company in (Jeiieral .Meetiii;,' may prescribe) upon tlie production of 
 siudi evidence of its liavini;' lieen worn out, destroyed, or lost, and of 
 the title of the person chiimiiin' the Share represented iiy it, as ilie 
 i?oard may consider sal isfactory, and upon siieli indemnity, with or 
 without security, as tiie jioanl may reipiire. 
 
 ">(i. If the liearer of a Share Warrant siiall surrender it to he 
 cancidled, together with all oiitstandiiii; Dividend Coupons issued in 
 respect thereof, and shall therewith deposit with the t.'ompany an 
 apjilieatioii in writiiii;;, si!.nied liy him in such lorni, and authenticated 
 in such manner as the JJoard re([uii'e, request ini,' to lie renisiered as a 
 Mcmlier in respect of the Siiarc specitied in the said Sjwire \\'arraiit, 
 and statiiu;' in such apjilieation his name, address, and occupation, lie 
 shall he entitled to have lii> name entered as a .Meiiilic;' in the 
 JJciiister of .Meinhers of the I'ompaiiy in respect of the Share s|iccilie(l 
 in the Share Warrant so surrendered. 
 
 S. CONSOMDATION AM) SL'JJDlVJSlOX OV S1IAI!I:;S. 
 
 ."7. The Company may in (leiieral .MeeliiiL;' consolidate and 
 sulidivide its Shares, or any of t hem, into Shares ol' a larger or smaller 
 aiiiuiiiil. 
 
 .'58. 'I'lie resolution whcreliy any Share is siilidiv ided may 
 dotcrmine llial as lietweeii the holders of the Shares resulting from 
 su(di siihdivision one of such Shares shall have any preference over 
 the other or others, and that the profits appliivihle to the iiaymcnt of 
 Dividends thereon shall he ap|ii'opriated accordingly. 
 
 '.). L\C1!I:ASH .vNI) P.HDUCTION Ol' CAPITA I.. 
 
 oU. 'i'lie liiiard may. with the sanction of a (leneral .Meetinn' of 
 ihi' (,'()iiipaii.\', from lime lo lime increase t lie Capil:il of liie C(jiiipany 
 hv the issue oK new Shares. 
 
rraiit, tliaii 
 ■ hcirii^. 
 
 isc. lor tlio 
 !Uiv Sliaro 
 1 (Uscliarifc 
 
 1)1' lost, it 
 sum as till' 
 xltu'tioii of 
 lost, and of 
 ly it, as ilu" 
 itv, witli Ol- 
 
 der it to 1)0 
 IS issii('(l in 
 )iiil)aiiy au 
 thciiticatcd 
 isici'cd as a 
 ■(• Warrant, 
 u|)ation, lie 
 iilic;' in the 
 re s[icciru'd 
 
 IIAJIES. 
 
 olidatt: and 
 r or smaller 
 
 ivided may 
 uiliu!,' IVoni 
 fereneu over 
 payment of 
 
 I'A L. 
 
 I Meetinu' of 
 he L'ijmi)anv' 
 
 17 
 
 ■l(). Siieli new Shares shall he of suv'h ay:i;rei;ate aniounl, 
 divided into Shares of sneli denomination, and shall he issued for 
 siu'ii considcM'ation, on siieli terms and conditions, and with sueli 
 p-efercnce or priority as reti'ards Dividends or in liie dislrihiition of 
 assets, or otiierwise, over other Shares of any class, whether then 
 already issued or not or as Shares to he p()si|)oned lo any oilier 
 Shares with reyard to Dividends or in the dislrihnlion of assets, and 
 with any s|iecial. or without any, ri^ht of votini;', as the Company in 
 (leneral .Meetiui,' may direct, and suhjeet to, or in default of any 
 such direction, the provisions of these Artitdes shall apply to the new 
 Capital in the same mannei' in all resnecis as to the in'iiiina' '.'apital 
 of the Company. 
 
 II. The Compjiny may in tJeneral .Meet in ;;■ reduce its Capital 
 hy paying' oil' Capital, caneellinu' Capital \\hi(di has liccn lost or is 
 uiu'eprescnted hy availahle .assets, redueinn' the liahility on the 
 SliiU'cs, eam-i'llinn' Shares not taken or au'reed to he taken hy any 
 ])erson, or otherwise, as may seem expedient, and Capital may he 
 paid oil' U|)on the footing;' that it ma\ he cji.ied up a^'ain. or 
 otherwise. 
 
 III.— MEETINGS OF MEMBERS. 
 1. coNVKXiNC 01' (;i;.\i;i;Ai. mi-ktixcs. 
 
 l-li. 'i'lie lirsl (icm-ral .M.eetim;' shall he held at micIi time 
 (not lieinu' more than four months al'ti'r the renistrat ion of the 
 Company) and at siudi place ;is the JSoard may deti'rmine. 
 8iil)se(juent i.iencral .Meetings, <ither than those convened hy 
 ilemhers under the power hereinal'icr conlaiiu'd. shall he held at 
 sich tinu' ami place as may he [ircscrihcd hy the Company in (iencial 
 ileetinu', ami if no time or place is so in'cserihed. a (ieucral .Meeting' 
 shall he held in Is'.is, mid e\-ery MilisiMpU'nl year, on sui'li day and at 
 such jilacc as may he determined upuii iiy tlie Jioard. 
 
 i'.). 'i'he ahove-meiitioiied (ienei'al Meetiiiii's shall he called 
 Ordin:iry (ieucral .Mi'ctinus ; all olli'r Mcctinns shall he called 
 Extraordinary Cieiu'ral .Meetings. 
 
 41. 'I'he Hoard may, wheiiexci' they think lit, and they shall 
 upon the receipt of .a r.Mpiisii ion inaile iu uialinu; hy five oi- uiDre 
 
IR 
 
 .Mrinlicrs lioldiii'j; loifctluT at least Dni'-lil'tli of tlic issued Capilal, 
 coiivfiii' an I'lxtraonliiiarv (ioiit'ral Mci'tiiit,'. 
 
 I-'. Siicli a rctiiiisitioii shall express tlie ohject <i\' llie lOvtra- 
 ordinary (Jenei-al Meelin'j: proposed to be called, and sluill lie left at 
 the l!ej;istere(l < Uliee ol' the Company. 
 
 ■10. Ujjon the reeei|it of ;i re(piisil ion. the Hoard shall I'orthwith 
 priX'ced to convene an Ivxtraordinary (leneral .Meelinij'. to he held 
 within one nmnth from the d;ite ui' ihe receipt of the recpiisition. in 
 default the re((nisitionists. (»r any other live or nnire .Memhers holdinu' 
 one-tifth of the issued Capital, may themselves convene an Ivxtra- 
 ordinary (leneral .Meeting;, to he Indd on such day and at such place, 
 in Loinlon, iis the persons conveniui; the same may determine. In 
 case at anv su(di j'.xtraordiiuiry (Jeiu'ral .Meet .\<j; n resolntimi eapahle 
 of hcinii' conl'irmed as a special res<ilutiou shall he passed, thi' i'e(piisi. 
 tionists, or any .Memhers holdinu: the re(|uired amoimt of Cajiital, 
 may in like manner, hut without a further requisition, con\cne the 
 Jvxtraordinarv (ieueral Aliietini' necessarv to conlirm tin' sann-. 
 
 17. Seven days' notice of any (leneral .Meetini;: (ex(dusi\e hoth 
 of the day on whi(di the notice is ser\ed, (U' deemed to he served, ami 
 of the day of the Meet Jul; ), speeii'v inn' the day, hotu', and place of 
 the Meet iuii. shall he ui\('n to the .Members in manner hereinai't(;r 
 menti(nied, or in sucii other nu\uiu'r as nniy from time to tinn' he 
 prescrihed liy the Company in (leneral ^Icetin;^, hut the non-receipt 
 of su(di notice hy ;,ny .Memher .shall not invalidate the pruccediuij's 
 at any (ieneral .Meetiiii;'. 
 
 IS. 'I'he notice convenini; an Ordinary fieneral Mcciiui;' shall 
 state the li'cm'ral nature of any business intended to he transacted 
 thereat, other than declarinn' Dividends, electing- Directors and 
 Auditors, and voting their remuneration, and considerin;;' the accounts 
 ))resented by the JJoard ami the reports of the Moard and tlu^ 
 Auditors. 'I'he notice convenini;' an Ivxtraordinary ( leneral .Mcetini; 
 shall stiite the general naiiu'c ol' the business intended to be transacted 
 thereat. 
 
 •2. rilOCHEDI^GS AT GKNEllAL MKETJNCiS. 
 
 li). rive Memhers personally present, or by proxy, shall ho a 
 quorum at a General ileelini^. 
 
li» 
 
 •d ('ai»iliil, 
 
 tlic Mvt ra- 
 il 1»(' WAX ill 
 
 II t'ortliwitli 
 \l> 111' licltl 
 lisitioii. Ill 
 ici's lioldiiii; 
 • ill) Kxtni- 
 
 siicli place, 
 cnninc. in 
 it inn callable 
 , till' rciiuisi- 
 
 (if t'a|iital, 
 ciiiivi'iic the 
 same. 
 
 'Lcliisi\c lintli 
 ' sci'vi'ii, and 
 and |ilaci' dI' 
 r hd'ciiiat'ler 
 ic to time he 
 c iiim-n'cei|it 
 c |in)ceeiliiii;'s 
 
 \lceilii;j,' shall 
 he transacted 
 )in'ct(irs and 
 ;• the aceimiits 
 lard and the 
 iieral Meetinij 
 I) he transacted 
 
 iN(iS. 
 
 iixv, shall ho :i 
 
 'ill. It' within hall'-aii-hiiiii' iVum the tiiin' a{i|iiiiiited I'mi' the 
 ^leetiiiL!; a i|ii(iniiii he imt jiresenl, the .Meetiiii;, ircmnened ii|>imi the 
 r('i|iiisitiim (if .Memhcrs, shall he dissdiveil. In an;, (illier ease, it 
 shall st!ind adjiMinied tn such day in the nevt I'ortniulil. and tn such 
 place as mav he a|i|iiiinled hy the ('li lirinan 
 
 51. At any .Vdjuiirned Meetin;; the .\[emhers |iresent. and 
 ciitilled to vote, whatevei- theii- niiinher ur the amiiuiit nl' Shares nr 
 ISliK'k held hy theiii shall have poucr t(i decide ii|iiin all matters 
 which could prdperly have heeii disposed of at the .Meetinu' iVciiii 
 which the adjournm 'lit took place. 
 
 ')2. The Chairman of the Moanl. or in his ahsence the Depniy 
 Cliairman (if any), shall preside as (.'hairmaii at r\{-y\ (ieneral 
 Meetiiii; of the Company. 
 
 •'t'.'i. If at any (ieneral .MecliiiL;- neither the Chairman nor the 
 Deputy Chairman is present within liftcen niiiiules alter llie time 
 nii|i<iiiiteil for holdinn' the .Meet inu'. or if neither of t hem is w illiny; 
 to act as (.'hairman, the Direetoi's present shall choose one of their 
 iiumher to act, and if there he no Dii'ector cIiosimi who shall ln^ 
 willin'j,' to act, the .Meinhers jireseiit shall elioiisc one of tlieir nnmlier 
 to act as Chairman. 
 
 ."i I. Tlie Chairman may. with the consent ol' the .Meetinn', 
 adjourn any ( ieneral MeetiiiLf from time to t ime. and IVom place to 
 iilaee. liu' no hiisiness shall he t raiisaeted at any Adjonrneil .Meeting; 
 other tlian the Imsiness left iinlinished at the Me ■\\\\j: from which the 
 adjonrnment took place. 
 
 ."i.'i. M\('ry (|nestion sulmiilteil to a (ieneral Meelinn' sinill he 
 diH'ided in the lirst instaiu'c hy a show of hands, and in the case of 
 an equality of votes the Chairnian shall, hoth on a show of hands and 
 at a poll, have a castinij; vote in addition to the vole or\(itcsto 
 which he may he entitled as a .Memlier. 
 
 ofi. At any General Mectinu'. unless a poll is demanded, a 
 declaration hy the Chairman that a resolution has lieen passed or lost, 
 and an entry to that eU'ect in the minute hook of the (ompany. shall 
 he sullicient e\idence of the fact, and in the case of a resolution 
 rciinirini? any p.ai'ticular majority that it was passed hy the majority 
 rcciuircd, without ]iroof of the numlier or pro[iortioii of the votes 
 recorded in favour of or atiainst such r.-solution. 
 
■ ■irf' m m iit \' 
 
 mmmm 
 
 20 
 
 57. A poll may be (k-maiulcd in wi-iliiin' iqioii any ([ucstioii 
 (otliiT than the election of a Chairman of a Meetini,') l)y not less than 
 five ^J('ml)or.s personally present and entitled to vote, and lioldinj^ 
 to^'cllier Sliares ol' the Company of the nominal amount of not Ici^s 
 than one-tenth of tiie issuetl Siiare Capital. 
 
 5y. if a ])oll is demanded it siiail he taken in such manner, at 
 sueh plaee, and eitlier immediately or at sueii other time, witliiu It 
 davs tlicreafter, ;is tiie Cliairman sliall before the eoiudusion of the; 
 ^Jleetini;' direct, and the result of sucli |)oll sliall hn deemc.'d to l)e the 
 resolution of the Company in (reneivd ^Meetiiii;' as at tiie date of 
 takint,' tiie poll. 
 
 51). Tlie demand of a poll sliall not prevent liie eoiitinnanee of 
 a Meetini;' for tin? transaction of any business otlier than tlie cjuestion 
 on wliieli a poll lias been deinandi'd. 
 
 .•5. \oTi:s A'i' (;i;nj:ual .Mi;i:i'iX(;s. 
 
 (U). Subject to any s|)eeial terms as to volini;' upon wliieii new 
 Capital may lie issued, every Memlier sliall liave one vote in respect 
 of eacii Sliarc licid by liim. 
 
 (il. \()tes may lie s^ivcii cither person;' Hv or iiy proxy. 
 
 (i'J. If any Mcmiicr lie of tmsound iiiiml. lie iu.i\ \(i',e by iiis 
 committee. cur.Mtor biiiiis. or otiicr icual curator. 
 
 (11). If two or more iierxms be JDJiitly entitleil to a Share, any 
 one of sueii persons may \ole at any M 'eiini:'. ciliier pcr^"ii;ill_\ op liy 
 proxy, in res]iect tiiereof, as if lie were solely enlith'<l tiiei'clw, and if 
 nior(; than on(> of siicli joiiil liohlcrs t)c present at any .Meetiiiu. eitiicr 
 pcixinally •'!• ii\ proxy, that one of >uel |icrsons >(> present u Iiom' name 
 stands lirsl in the itei;i>ter of .Member> in respect of -ucli Share slmil 
 alone be entitled to vote in respect llierccif. 
 
 01. No .Member sliall lie entitle 1 to be present or to Vote eitlier 
 personally or by proxy at any (Jcneral Meciiicj; or upon any pidl. or 
 to exercise any privilcu'i' as a .Member unless all (alls or other money 
 due ami |iayalilc in i-cspecl uf any Share of which he is llic holder 
 have been paid, and no .Member shall be ciitilicil lo \otc at any 
 iLcctinu' hcldafler tin,- c.vpiratioii of four months from the rcnisirat iou 
 of the Company in respect of any Share that he has aciiiiircd by 
 traiislcr, unless hi; has been reL;islered as the holder of llieShai'c 
 ill respect of which he claims lo vole for at least three months 
 prcn'iously t<i the time of holding- the .Mctinu' at v-liich he projioses 
 to vote. 
 
T 
 
 21 
 
 ly (lui'stioii 
 ot less tliaii 
 ml lioldini; 
 of nut U'jS 
 
 iHiuincr, at 
 L", within li 
 usion oi' the 
 cd to he the 
 tlic (kite of 
 
 itilUKUR'l' of 
 
 th(; (question 
 
 whicii new 
 tc in I'l'spect 
 
 x_v. 
 
 \(>!e liy iiis 
 
 a Share, any 
 sonaliy or hy 
 icrctw. and if 
 I'dinu', cilhei' 
 1 whiiM' nana' 
 li Shari' siiall 
 
 i 
 
 Oij. Tiic instrument a|)))oinlinu,- a proxy sliall he in writiiiLj 
 nndcr tii(> liand of the appointor, or if such appointer he a corporal ion. 
 under its Connnon Seal, and may he in th(> I'orin lolhuvin^: — 
 
 '• 'riii; London and Mkitisu (,'oi,i miua ( ioi,Di'ii:i.Ds. i.iMrri;D. 
 
 " I. of 
 
 heiuLi' a niemlii'i' of ' 'riie Ijoiidon 
 "and Uritisli Cohtnihia ( loidfndds, liimiled,' iiercl)y ap[ioint 
 
 " of 
 
 " or I'ailinn' him of as my 
 
 '• j)ro.\y to vote lor me and on my hehalf at the 
 "(ieneral TiFcnMinu- of liie C(nnpany to lie lield on llie 
 " (hiy ol' , 1^1) , and at any adjourn- 
 
 " menl tiu'reiif. 
 
 •• As uitnc'ss my hand tiiis day of , Ibl) 
 
 ()'). >'o jierson sliall he ajjpoiiited a proxy who is m)t a .Memher 
 of tiie Company or otiierwise enlil led to vole; provided thai where a 
 Corporation is the I'eiiislei'ed holdrr of Shares of the Company the 
 )iroxy may he any Mend)er of ^uch Corporation, and sucdi proxy shall, 
 durin'4' the eontinuanee oi' liis appointment, he taken in virtue ihercof 
 to he a .\lend)er of the Com|iany in respi'ct oi' the numher of Shar(>s 
 held hy t he Corporation hy whom he is appointed, i'or all purposes 
 except the Ir.-insl'cr of such Shares or the niviiiL;' reci'ipts I'or any 
 Dividend 1 hereon. 
 
 1)7. 'I'he instrument a)i|ininlinu' a proxy shall he dcpusiicd at 
 the licLiistered < )Hice of the Comp.any not less than lorly-einlit hours 
 hel'ore Ihe time for holdiii:^- the .MeeiiiiLi' at which the person named in 
 such instrument proposers to vote. 
 
 to vote either 
 
 1 any poll, or 
 
 ■ other money 
 
 is the holder 
 
 vole at any 
 
 ,. I'CM-isti'atiou 
 
 acipiired hy 
 
 of the Share 
 
 tliree months 
 
 I he [)roposes 
 
 I. .Mi;i:'fi.Ncs ur classi:s of .\ii;Aiiii:i!s. 
 
 (is. The lioldcrs of any (dass of .'>har(>s nuiy, l)y an I-'xtraordi- 
 jiary I'esolnlion pas,>cd at a .Meeting;' of such holders, n'ive on helialf 
 ol'all I he holders of Shares of the (dass any consent re(piired to ihe 
 issue or creation of any Shares rankini;' e(|ii:illy therewith, or ha\inn' 
 any jU'lority thereto, or may consent to the ahaiidoninent or variation of 
 any prefereiiee or priority, or of any accrued I)i\ idend, or to ihc reduc- 
 tion for any time or perm-'iu'iiily of the Dividends payahle lher(()n, 
 or lo an\ scheme I'oi' the I'cdiu'iiim ol' ihe ('(Hiipany's Capital airecliiiL;' 
 t!ie class of Shares, and suidi Uesolui ion shall he hindiiiL;' upon all t he 
 liolders of Shares jf the class, i)rovided that this article shall nol he 
 
roiul •• i"i])l_viiii,' the necessity for siicli coMseiit in any case in wliic-li. 
 l)ut for tliis article, tiie object ol' the Hesoliition could liavc l)C(!ii 
 effocted witlmnt it. 
 
 (it). Any .Meetinu' for tiie |iiir|iose of tiie last preceding' clause 
 .shall he .•onveiicd and conducted in ail ri-spects as nearly as possible 
 in the same way as an ICxIraordinary (jcnei'al .Mcetin'j; of the 
 Company, provided tiiat no Mendjcr. not hein;;' a Director, shall he 
 entitled to notice thereof or to a'lcnd thereat unless he he a holder cf 
 Shai'cs ol' the class intended to he all'ected hytl.e Kesolution. ;ind that 
 no vote shall he i^iven except in respect of a Share of ttiat cla.-s, atid 
 that at any such .Meetimr a poll may he demanded in writinu' hy any 
 live Meinher- personally present and entitled to vote at the .Meetini,'. 
 
 IV. DIRECTORS. 
 
 J. M\MI!!:i! .VM) AI'l*()l.\l'.Mi:XT <)F 1)11! KC'I'OltS. 
 
 7<t. 'I'iie nnmher of Directors shall not he less than tiu'cc nor 
 more tli:ni nine. 
 
 71. The Ciiiiipuiiy may frniii time to tinn', in (lencral Mectiiiu' 
 and witiiin the limits JiiTeiiihefore provided, inei'ensi' ov reduce tiie 
 inimliei- of directors i Iumi in ollire ; and, upon passing' imy licsojution 
 fur an incre;i>e. may apjioinl the .additional Director or Directors 
 necessary to cirry the same into ell'ect. and may also determine in 
 what rotation sudi inci'ea^ed or reduei'd numlier is to ^'o oul of ollice. 
 
 ~'2. Till' Clint iiuiii'iL;- Dii'celors. or Dii'dMor if only one. may ael. 
 noiw itii^iainliiiL; any ^ac;lncies in tlie Hoard. l'ro\i(lecl 1 hat if the 
 number of liu' ituard he less tium the prescribed miniimmi. tlie 
 remaininir Direcioi's or Directni' shall forthwith appoint an additional 
 Director or liii'cetors to mal\e up such minimum, oi- convene a 
 (jcneral MeetiuL;' <if the Companv to; tiie purjiose ol' makinu' such 
 ajipoin! meiit . 
 
 ?•>. 'liie iio.ird may. at any lime before liie ()rdiu;ii'\ (Jenei'al 
 MeelinL;' lo be lirjd ill the year 1 s'.l^. appoint ;m\ (pialilied jiei'soii 
 as a Director, either to fill a casual vacancy or as an addition to 
 the ISo.ard. in it so that the number of l)ir<'ctors shall not at any t i me he 
 moi'ethan the ma\iniuin number beri'inbel'oi'e provided, or such oilier 
 less iiuniber as iii-iv from time to linn' lie ti xed as 1 lie iii,-i\iniiiiii b\ 
 the (ompaiiv in (ii'iieral .Meetiii';'. 
 
 71. No person oliier lliaiia rcliriik Direi'l or sli.ill be eli'cled a 
 J)ireclor levcepi ;is a lirsl Director or ;i Dili'ctor appointed b\ the 
 
(• ill wliicli. 
 i liavc bocii 
 
 Mlini"' ('liiusc 
 as ))ossil)l(' 
 iii<^ of tlio 
 tor. sliiiU tx' 
 • a lioldcr of 
 )n, anil lliat 
 (t cla.-s, anil 
 liiiii- liy any 
 111- Mi'ctiiiu'. 
 
 ("I'OltS. 
 
 Ill tlii-i'r nor 
 
 •ral Mrrtin^' 
 r rriluiT tlic 
 y I'vi'soliitioii 
 
 or Directors 
 ilrtrrniini' in 
 
 olil III' ollirr. 
 
 jlir, may art. 
 Ill ihat if the 
 iiiiiiiiiiiin. till' 
 an aililitional 
 ir I'onvi'iii' a 
 ' niakinu' -"iifii 
 
 iiiai'y ( li'iirra! 
 alilii'il )irrsoii 
 111 aililitimi tu 
 al any t inn' ln' 
 . or surii iitlua' 
 niaxininni li\' 
 
 ill lie I'lccii'il a 
 nointi'il liv the 
 
 
 Board) unless at least lour ami not more than seven clear (lays' 
 notice shall have heen left at the Re-'istered Ollice of the Cuiniiany 
 of the intention to propose hiin, to!,'etlier witii a notice in \vritill^' by 
 himself of his williui^ness to be elected. 
 
 75. The first Directors shall he nominated by a majority of 
 the subscribers hereto, and shall, subject to Article 89, continue in 
 oHicc until the (Jencral ^Meetint? to be held 'n the year 1898. 
 
 2. QUALTFICATIOX AND llEMUXERATTON OF 
 DIltHCTORS. 
 
 7(). TluMiualitication of a Director shall he tlu> luddinii'of C^oil 
 of the nominal Capital of the Company. A lirst Director may 
 act before ac<iuiriiiL,' his qiialiUcatioii, but sh;ill in any case be bound 
 to aciiuirc tiie same within one inoiilh after the incorporation of the 
 Coni|>aiiy. 
 
 77. The remuneration of the Directors shall be a sum of 
 Clinil to tlie Chairman, and t-i-jO to the Vice-Chairman. and Ul'DO 
 per annum lo ea(di other Director: and whenever tlie dividend or 
 dividends declared and paid in respect ol' any year sliall xceed 
 10 per centum u|ion the ]iaiil-uii Capital of the Company for the 
 time iiein:^'. the Direelors sliall lie entitled I'or that ye;ir lo an 
 additional sum eipial to 10 per cent, of llic e\ce-s of smdi 
 dividend or dividends oxer :ind -diove 10 |)er ceii'.. to be divided 
 aiiinni:-t them in such proportions and manner a^- they may from 
 til,,,, t,, lime iletennine. |)r.)vided that the total reiiiiineration 
 for any \eai' shall not exceed t: t.ooo. Such re-niinerat inn maybe 
 cxidusive of the Mini paid by way nf salary to any Mana-ini!' Director 
 (ir Direetnr-, Any Directm' performiuL;' extra services for the 
 Company, at the reiiuest of the 15oard shall be paid such additional 
 sum as th(! Board nuiy determine. 
 
 :i. row Kits nl- DI!!i:CT()l!S, 
 
 7s. The business ol the Cuinpaiix shall be mana-ed h\ llii' 
 I'.uard. who may pay all expensis uf i.r ineiiiml m the lornialiun. 
 registration and .advert isinu' of the Cnnipany . and 1 he issue of its 
 Capital. iiHdudinu' bndxcr.-iue and commission for olitaininu' applica- 
 tinns for or placing' Shares. The i'.oard may exi>rcise all the powers 
 of the Company, siibjccl nevcrthele-- to the provisions of an\ .\cts 
 
 1 
 
21 
 
 of I'iirliamont or of tln^sc Articles, and to sucli rci^ulatioiis (bciii!]; 
 not iiic'onsist(!nt witli any such provisions or these .Vi-tieles) a^ may 
 1)0 prescribed liy the Company in G(.'neral ^[eeting-, hut no rei^iila- 
 tions made by the Company in General MecMinLi;' shall invalidate any 
 prior act of the Board which would have been valid if such regula- 
 tions had not been made. 
 
 7i'. Without rcstricling' the generality of the i'orei^oin^' powers, 
 the JJoard may do the I'oilowing thiiii^s : — 
 
 (a.) Appoint from time to time any ])erson or persons, aiul 
 uhether or not oni' or more of their number, and wiiet lier 
 or not resident in British Cohunbia, to be ManauiTiij 
 Uireelor or .MaiKii;in.;' Directors or ot her ollicer of the 
 Company, on such terms as to remuiu'ratiou by way of 
 saiai'y, commission. partici|)ation in profits, or any or 
 ail of tliese modes, and with such powers and 
 authoritii's, and for such pei'ioil as ibeydeem lit. and 
 may iv'\()ke such appointment. Ap|ioint and at their 
 discretion remove or sn-^pend siib-manai^'ers. ollicers, 
 au'cnt-- or servant s for perm;;nen1. temjiorar\ or special 
 services as they nniy think til. and in\i'sl them with 
 such powers as they may deem expedienl and delegate 
 any of the powers hereby conferred lo any person or 
 jicrsous. 
 
 (i!.) Appoint any person or persons lo liojd in Iriisi lor ibe 
 Company any jiropeily Ixdon^inu- lo 1 lie Conijiany, or in 
 which it is iiiiei csii'd. or foi' ;iny oiiier purposes, and 
 c.\ccut<' and ih; all >-ucli deeds and liiinus a> ma_\ be 
 recpiisite in relation to any such tni-l. 
 
 (c.) Iiorrow or i-aise any sion or sums of money on such 
 securily, and upon sucli terms as to intei'esl or other- 
 wise as they may deem lit. and for ibe purpose of 
 si'curinu- the same :iiid interest, or for any oilier 
 purpose ereale. issue, make and i;i\'e respecii\('ly any 
 pei-pelual O! redeemaiile iJebenl lirrs or l)rbenture 
 Slock, oi' any iiuu'lLiau'e or cliai'L;'!' on the iiiidcrlakiuu' 
 or I he whole nv any pari of ijic piiipcrl\. present or 
 fiitiii'c. or llic uncalled ('apilalof I he ('om|iaiiy; and 
 any Deb en in res, registered or ol berw isc, Dclieiil are Slock 
 and ot her seeiirit ics may be so iVamed as lo const il iile a 
 (diariic, (U' may be otherwise charged upon all or any of 
 
 the Company's property, niidertakiiur '""" uncalled 
 
 or 
 
25 
 
 JUS (Immiiq: 
 osj a^ iniiy 
 no rciiula- 
 alidatc any 
 iicli rc'mila- 
 
 11)!^' powers, 
 
 LM'soiis, and 
 iindwlictluT 
 • Mananini!; 
 llic'cr of tlie 
 1 by way ot" 
 1, ov any or 
 )()\\('rs and 
 'cni 111. and 
 ind at their 
 i'l's, ollicers, 
 •\ ()!■ sjiecial 
 iheni with 
 md delt'i;'ate 
 ly iierson oi" 
 
 Iru^t for llio 
 nipany, or iu 
 iui'[ioN('>, and 
 s as nia\ 
 
 1)0 
 
 iney on sncli 
 ■("•t 01' other- 
 (• |iui']ic>sr of 
 ir any other 
 |ic('ii\('ly any 
 r Drlicnlnre 
 undeiMakinn' 
 iy. |ires('nt or 
 nnipany ; and 
 hcnl are Slo(d\' 
 
 eon^lit nte a 
 
 1 all HI' an\ of 
 
 and 
 or 
 
 itnealled 
 
 
 i 
 
 Ca])ital, [JiM'sent or i'liture, and may he made assii^nahh; 
 Tree iVom any equities i)etween tiie Company and the 
 pei'son to whom Ihe same may he issued. Every IJehen- 
 ture, Deheiitiii-e Stock Certifieate, ^lortii'Myc, or other 
 (■ha^^■e shall he under the Common Seal of the Company. 
 I'l'ovided that tiie amount to he .so raised or borrowed 
 shall not at any time exeeed tlu" nominal amount ot'tlic 
 Capital w it bout the sanef ion oi' a (ieneral -Meet in l^' oI' tho 
 Company. !>ut no lender or other ])ei'son dealinn' with 
 the Companx shall he concerned to see or eni[uire 
 w lielher this limit is observed. 
 
 (d.) Make, draw, accepl, endorse, ami nen'otiate respectively 
 promissory notes, bills, cheiiucs, or other nenol iable 
 insi ir.menls ; provided that every |)romissory note, bill, 
 <die(iue, or other nenoliable insI rui... lit (li'awn. made, 
 or aceepled, shall be sii;ii('d by smdi person or persons 
 as the Hoard nia\ appoint tor the pur|iose. 
 
 (K.) Invest or lend the rnads o|' ihe Company not reipiired 
 loi' imnu'iliate Use ill or upon such seenrities as they 
 deem lit lolliei'lhan Shares of t he Company i, and from 
 time lo lime lo transpose my inv csl inent . 
 
 (v.) Make special arran^-enienls as to discounts wilh 
 Shareholders or olhers beiiiL;' eusloniers of the 
 Company. 
 
 {(:.) I'Aecule in tav Dur of .-inv Director or ot her person. \\ lio 
 in;i\ incur or he ahoiu lo incur any personal liability 
 on hch.-iH' oi- I'or ihi' benelit of the (/oiiipiiny. such 
 Moriua-cs or charues on the undi'rtaki iii;', or the whole 
 ,,r any part of the property, present or I'uture. or 
 uncalled Capital of the Coiupaiiy. as they think lit. and 
 aii\ such .Morl-aut' or cbar^-e may contain a power of 
 sale, and siudi other iiowcrs, co\eii;ints, and provisions 
 as shall be agreed on : but so that no mort^au'ce or 
 (diari;ee of uncalled Capital shall have the power of 
 niakiun' Calls. 
 
 (II.) Sell. let. e\eliaunc. or ot lierwise disp(jse of tihsslutcly 
 or cmidilionally. all or any ptirt ol' the in-opcrly, 
 privilcucs, and iiudialakiim's of the Company, upon 
 such Icrnis and conditions, and tor such cousiderulion, 
 as ilicv mav think lit. 
 
 
26 
 
 (I ) Mlix llu- Coininon Seal to any (locmucMl, providrd tliut 
 such doeunuM.t b. also si.Mu-d by at b>ast ..no Director, 
 and (...unt.M-signod by tlio S.-c.vtavy, or otbor oflicer 
 iipiioiul.-.! for that purpose by the Board. 
 
 (j) 'Ph.- Din-etors may from time to time j.rovide lor the 
 
 mana-ement of the allairs of the Company abroad m 
 
 ., • such manner as .hey shall think fit, and the provisions 
 
 in the next IbUowini-- elauses shall not prejudiee the 
 
 o-cneral powers conferred by this clause. 
 
 (,< ) 'I'he Directors mav from time to time establish any 
 Local M.iards. Committees or A-encies for mana-m- 
 the allairs of the C.nnpany abroad, and may appoint 
 anv iwrsons to he members of such Loeal Moard. or 
 inana-ers or audits, and may li.v their remuneration, and 
 „,av (Zeroise the powers .•onferred by " Tin- Compani.^s' 
 Seals Act, 18(')l." :nid may cause a branch register ol 
 lUcmbeis to be kept, and to make provision respecting 
 the keei)iiig of any branch rci-ister. 
 
 (T ^ The Directors mav. by j-ower of atlorney. api.oint any 
 ,„.,.ons to be the attorneys of the (omi.any l«r 
 such rnrpoM-s and with such pow.>rs and auth.nMties 
 (not exeeedin- thos.- vested in the Di.vctors) for such 
 period and .m such conditions as the Dir.-ctors may 
 think fit. and such appointment maybe mad.- in fav.mr 
 or a corporation or members of a firm or other 
 llucliiatinu: body. 
 
 (M ) \uv such delegates .n' attorneys may be authorised to 
 sub-deh-at.' any of the liowers or authorities vcste<l 
 in them. 
 
 1. I'liOCKKDlNHS <)!•' 1)11! IICK )1!S. 
 
 bO Tl,.' I'.oanl mav meet touvlher lor the despatch of business, 
 adiouni. and otherwiM- n-ulate their meetings as they think lit. and 
 xniiv det.Miuine the Huorum nec.-ssary lor the transaction of business 
 Uu'til otherwise tixed. the (piorum shall be t hrecDireetors. It shall 
 „o, he necessarv to uive notice of a meet iuu of t he Directors to a 
 Director who is not within the Inite.i Kinudum. I'.oanl .M.rt,nj,^s 
 mav lie held without the I'uited Kinudom. 
 
 i 
 
vidcil that 
 
 Director. 
 
 li(>r nffivvv 
 
 k- Tor tlif 
 iibroad in 
 provisions 
 
 cjudico the 
 
 liiblisli any 
 ■ niana',nnjj: 
 lay appoint 
 
 Moard. or 
 i-ration, and 
 C()ni|)ani(>s' 
 
 r(^rjisl('r ol' 
 II rcspcctinu,' 
 
 a])i)(iint any 
 :)nipany I'or 
 [ aiitlioritios 
 trs) I'ov siicli 
 rectors may 
 ide in favour 
 111 or other 
 
 uitliorised to 
 orities vested 
 
 li ol' Imsiness, 
 tliiiil< iit. and 
 u oi' liusiness. 
 ms. Jt siiail 
 Directors to a 
 inrd Meetiii'^s 
 
 M, 'Ijie ('jiairiiian. or any tun Directors, may at any lime 
 suinninii a Meet in '.;■ nf t lie ISoard. 
 
 Si'. (Questions .ariNinn' at any Meet inn' sliall lie decideij liy a 
 majority of votes, and ill case of ;in eiiuality of vntes tiie Cliaii'nian 
 shall lia\(' a second <n' casting' \dle. 
 
 s;5. Tlie iSoaril may elect a Cliairman or Depniy Cliairman of 
 tlieir ^MVetinu's, and determine tic period for wliicli lli(>y are to hold 
 oilice. hilt if no Mich Chainnan or l)e]pnty Chnii'nian he elected, or if 
 at an\ .Meetin-' th(>y he not pre-.ent at the time appointed \\>v holding' 
 the same, the Directors ]ires(>iit shall (dios(> s(nii(' (me of their niiniher 
 to lie Chairman of siudi Meetini;', 
 
 St. The I'.oard may deleu'ale any of their powers, other than 
 the powers to horrow and make calls, to ronimittees con^i-tinu- of 
 such Mi'iiiher or .Memhci's of their hody as they think lit. Any 
 (.'ommittee so formed shall in the exerci.se of the power- so dcleuMted 
 conform to any r(>uailati(His that may from time to time he imposed 
 on it hy t he Hoard. 
 
 '-."). \'.:\v\\ DirecMir shall have the ])o\ver to nmiiinate any person 
 a]ipi'oveil foi' that mirpose hy a majority of the othia' Directors to act 
 as an alternate Director in his place diirim;' his ahscnce from the 
 I'nilcd Kim^'doni or inahility to act as such Diiedor. and at his 
 disei-elion to remo\(> siudi altermite. and an aiipointment heiier m.ade 
 the alteiaiate Director shall he siihjecl to the l(M-nis and comlitioiis 
 exist inn' with regard to othiM' Directors, and each alternate Meniher 
 shall exercise and discharge all the duties of the Director he 
 represents. 
 
 SC. 'flic Me, . ii's and proceedinii's of any such Conimiuec. 
 t'onsistinu' of Iwoor more .McmlKM-s. sliall he i^'ovciau'd hy the provisions 
 hei'cin contained for rc-iilatiim' the Mectinns and procci'dinu's of the 
 JSoard. so far as the same are ajiplicahlc thereto, and are not 
 superseded hy any rcLrnlations made hy the Hoard under the last 
 preeedinn' clause. 
 
 S7. All acts done hy any .Meeting' of th(> I'.oard or of a ('om- 
 mittee of the Doard, or hy any person acting,' as Director, shall, 
 iiolwitlistandini;' that it he afterwards discovered that there was some 
 defect in the appointment ol any such Directors or iicrsoiis actini;' as 
 jiforesaid, or that they or any of them were (lis(piar;lieil. he as valid 
 as if every such person had heen duly a|)piiinted and was ipialilied to 
 he a Director. 
 
 SS. 'I'he Hoard shall cause minntes to be made, in hooks pro- 
 vided for the purpose, of all resohiticnis and proeoedinifs of (iiMun'al 
 
■2s 
 
 :McM'ti 
 
 illlV SlU 
 
 iiiU's iuul ol" .Mcetiiins ol'tlu; J?oai'(l i»i' Coiiiiiiiltccs of tlic lioiird, 
 I iiiimitc's, if signed by jiny ])orsoii purport iiii;' to In- tlic 
 the Mootiny' to wliieli tlicy relate, or at. wliieli lliey are 
 read, sliall Ix- received as coiicdusive evidence ol' tlie I'aels ilici'ein 
 
 and 
 CI 
 
 lau'inan ol 
 
 slated. 
 
 r.. DiSQUAIilFICATlON OF 1)1 IMICTOIJS. 
 8!). 'I'lie ollice of Direetoi- shall ho vacated — 
 
 (a.) If he hold any oHiee or place of prolit under the 
 Ccnipany other than herein authorised : 
 
 (l!.) If he i)eeonie of unsound mind, hankrupt, or compound 
 with ills creditors : 
 
 (('.) If he cease to hold the dui' (pialiricat ion, or do not 
 ac(piire the same within one month alter the 
 incorpoi'ation of the Company: 
 
 (i)."l if he send in a written resiijiiat ion to the Hoard : 
 
 (k.) ll he he anseiit lioni the Hoard ]\Ieetini;s continuously 
 for six uuinths without the consent of the IJoard. 
 
 00. Xo Director shall he discpinlilii'il hy his oilice from 
 contractinu' with the Company, nor shall any such contract, or any 
 """'.act or arr.-mucment entered into 1)_\ or (Hi helialf of the Company 
 wit h any company or partnership of or in which any Director shall 
 he a 3Iemher or otherwise iiit crest ed, he avoided, nor shall any Director 
 so cont ractini;', or heiiii;' such Memher or so interested, he liahle to 
 account to this Company for any proilt realised hy such contract or 
 arraimenu'iit hy rca>on only of such Director linMin^- thai ollice, or of 
 the liduciary relation therehy eslahlished. Iiul il is expi'cssly declared 
 that no such Director shall \ote in respect of any such contract, oi- 
 aiTanycment , aiul t he nal inc of his iiu crest niiisl he disclosed hy liim at 
 of the iioard at which the contract or an'aiiu'('ment is 
 n, if his inti'i'cst then cvisl, or in any other case at the lirst 
 le iioard after the ac(piisition of his interest. A Director 
 of llii^ Company may he or hecome a Director of any Comp.-iny 
 ]ironioted hy this, or in wlii(!h it may !)e iMieresicd as a \ciu.or, 
 shareholder, or ot herwise, and no such Director shall he accountahle 
 for any henelits received as a JJirei'tor or .Memher of such Com[iany. 
 
 the .Meetin- 
 determined i 
 .Meeting- of t 
 
 01. At 
 
 e\er\ suliseii 
 
 (!. ii1';tii!i;.mi:n'I' axd 1!i:.M()V.\l oi" diim-ctoks. 
 
 tlu' (/I'dinary (ieiicr.il Mcetiiii;' in the year IM)S, and in 
 pieiit year, one-third of the Dii-ectors for tlic time hein^', 
 numher he not a i 'iltiple of three, then llic nundier 
 nearest to one-1 hird shnll \-elire from ollice. A .MaiiaL;inn' Director 
 holdinu' that ollice for an unexpired term shall not he siihjeet to 
 
 f Ih 
 
 or It llien 
 
 i 
 
^ 
 
 li'.l 
 
 lie I'xiiivd, 
 
 to 1)1' the 
 
 li tlicy am 
 
 L'ts tlicrciii 
 
 uiulcr the 
 
 :■ c()in[)Oini(l 
 
 1, or (Id not 
 litter the 
 
 Hoard : 
 ■ontimiously 
 
 • Uoard. 
 
 o.licc t'roiu 
 tract, or any 
 
 III- Coniiiany 
 tircclor sliall 
 
 any Director 
 I, he lial)le to 
 h eoutraet or 
 il olliee, or of 
 essly deelared 
 li eoutraet or 
 ised l)y liini at 
 rranu'cnient is 
 ase at tiie iirst 
 I. A Director 
 any ('oniiiany 
 
 as a veui.or, 
 ic accountable 
 ell Conijiany. 
 
 !■;(•■!'( )i;s. 
 
 • I'-'.IS, and in 
 |;(. liiiic hcinn', 
 n the niiniher 
 aiiinij;' Director 
 t be suliject to 
 
 I 
 
 i 
 
 rotiremont iiader tl.is clauso, or be taken inloaeeounl in aseertainin- 
 the number of Directors lo retire. 
 
 [)■>. Tbe Directors to retire shall be those who have been l,.n-est 
 in olliee since the last, election. In case of eiiiiality in this resi.ect, 
 the Directors to retire, unless they a-ree anion-st themselves, shall be 
 (h'lcrniincd by ballot 
 
 <);!. A retiriui;' Director slnill be (dinible I'or re-election. 
 <)k The Comiuuyal thetJen.'ral Meetin- at which any Dinrtors 
 shall retire shall, subject to any resoUiti.m rcdnein- the number ol 
 Directors, fill u|. tin- vacated olllces by uppoiutiu- a lik." number ol 
 persons. 
 
 {):>. If at any Mectin-al wiiieh Directors on-ht to b.- <deeted 
 ,1„. idac.'s (.r anv relirin- Direc; ,rs are not liUed up, then, subject to 
 miv resolution ' reducin- tlie nmnber of Directors, the r-linn- 
 Di'rect.n's, ov smd. of them as liave not had their places lilled up and 
 may be williu- to act. sl,all be .lemied to liave been n-ch'cted. 
 
 «)(;. Tbe Company in Ceneral .Meetin- may by an i'.xtraordiuary 
 ites.duliou remov<- any Director b.dore the ..xpiration of his period 
 of olliee, and may by an Ordinary INxdution appoint another 
 .inaliru'd'p.Tum in bis stead. The person so appointed sliall hold 
 olliee durin- such tiuu' .;nly a^ tin- Director inwli.-se place he is 
 a,,,,„inled vvouhl have hehl the same if he had not b.vn remov.nl, 
 hut this provision -hall not prev.'ui hlu. from hein- eli-dde lor 
 re-(dcction. 
 
 7. iNDi:.MMi'V :'(J ( )ri'ui;i:s. 
 
 t)7. The Direct. u's. Trustees and ..lli.-.'rs ..f the (;om[iany sliall 
 1„. in.hannill.Ml .ml oi' lb.' lunds ,,r the C.m.pany a-ain ,1 all .'osis, 
 .diar-es. h.ss.'s, .lama-.-s and ..xp.Mis.'s whi.di tlwy shall r.-p.'ctiv.'ly 
 in.n.r ami be put t.. in th.' .■x.vuli.m ..f th.dr respective ..Hies, .)r by 
 ,vas.m ..r on account of any .•.mtraet, act. .led. malt.'r or thin- 
 xvhi.di shall be made, don.>. jM'i'milt.'d. ent.'red into or .'xecul.Ml by 
 tl„.,n ivspe.div.dy ..u b.'hair ..for bona li.h- in the inter.^st .)!' ..r will. 
 Ih.'vieu orb.m.'iitiu- tlu- C.mipany, n..twithslandiu- that the sam.- 
 may be ultra vi.vs in jioint ol' law: and any such Dir.'clor, Trustee 
 ,„. oth.'r .illie.T shall b.' ehar-.'abh- only lor s.. much moiu'v as he 
 shall aelually r.'ceiv.'. and 1 h.-y ivsp.vl ively shall not 1..' answ.-ralil.' 
 „• th.' aets,"n>eeipts, m-h'cts or .l.daults of .'aidi other, but ."aeli 
 
 Ol 
 
 lor 
 
 th.-m tor his own acts, n-e.-ipts, .hd'aults or m-l.-cts only; nor shall 
 th.'y resp.-etively b.' answ.-rabh- iWr any banker, hn.ker. c.)ll.'etor or 
 other p.a-s.in app..inled by lb.' Direelors or TrusU'cs with whom or 
 in' 
 
 ntowlms.- hands any J.rop.aty .,r imm.'ys ..t the C.mpany may be 
 
30 
 
 (lr|i(i-.ilc(l (ir I'diiH-, iKir i'nt' llic in-iiniciciicy n\' tlir tillt' til aiiv cstiilc 
 or |ii'i.|M'rt\ wliicli iii:i\ IVnm lime Id linn' In- |>urcli;isc(l liy order ol' 
 tlic Diivctois (Ml lirli;iir of tlic L'om|i!iiiy, nor I'or tlic insiilHciiMicy ol 
 iiiis M'cni'ii\ u|>oii uliich ;iny of tlic inoiicys of tlic ('om]);iiiy •^liiill In- 
 invested liy order of tin- Directors or 'I'rustei's. nor To,' Miiy loss or 
 d;ini;i-e wliieh w.\\ Imiipcn in tlie execution of lln'ir respective 
 
 olllces. unless the same shall lia|i|)en tlinni-li thcii' own res) live 
 
 will'nl n<'ulect or deranll. 
 
 V. ACCOUNTS AND DIVIDENDS. 
 
 1. A(('()r.\'i's. 
 
 ()v 'I'll,. I!n;,nl sl.iill cause accounts to he kej)! of the asM'ls 
 and liiihilities. receipt^ and expi'inlitnre of the Tonipany. 
 
 1.11), 'I'lie r„,ok-. of Aceonni shall 1h' kept at the r,e-i-tered 
 Ollleeofthe Coinpany. oi' at snidi oilier ])laee or places as the Hoard 
 tliinlv- fit. i:\eeiil h\ the authority of the lioard. or of a Ceiieriil 
 :M.'eliii-. no .Meaiher shall he entitled as such to inspect any hooks or 
 papiMs of the Company. <ither than the lle-istcrs of Meniherv and of 
 JlortL:ai;'cs. 
 
 !()((, At the Ordinary General >rei'tin- in 1^'.)^. and evcry 
 suhse(iuent year, the Hoard shall sulmiit to the Meiiihers a 
 Lalance-slieet and profit and loss account, made up to as recent a 
 (hite as praclicahle. and audited as heiviiiaftia' |)rovided. ace(niipanieil 
 hy a reuorl ['vnu\ the i'.oardoii the t rausact ions of the Conipaiiv dnrin- 
 the period covered hy siudi accounts. 
 
 1(11. A cop.\ of sucdi halance-shect, account and report -hall, 
 seven da.\s |)revious 
 
 v to the Mcctinu', he sent to the Mcinhers in tli 
 
 lua 
 
 uner in whicdi notices are heri'ina 
 
 I'ter directed to he scrvci 
 
 •_'. AUDIT 
 
 102. Once at least for evcay year. 
 
 Comi'.any is incorpora 
 
 liter the year in whicdi the 
 ted, till- ac(-ounts of the Company shall he 
 
 ainined. and the eorrecliu-ss ol the halance. 
 
 lu-i-l and prollt and loss 
 
 account ;iseertaine( 
 
 1 hv an And 
 
 itor. 
 
 lO:!. 'I'he Auditor may he a Memher of the Company; hut m 
 
 Director or otln-r o 
 
 nicer of tin- Company shall l)c elii^Mhlc (hirim,' 
 
 ' his 
 
 coutinuance in o 
 
 nice 
 
 hall he ap])oiiited hy the Hoard 
 
 t(-(l hv the Company at tlu- 
 
 101. The first Auditor s 
 suhseipieni Auditors shall he appoin 
 Ordinary (lem-ral M.ei-tiui,' in t-acli year. 
 
 f the first .\uditor shall he fixed hy 
 ther.nard: that of sul)se(pieut Auditors shall he fixed hy the Company 
 
 lO." 
 
 he ri'iuiineration o 
 
 in 
 
 Geiu'ral -Meet in 
 
31 
 
 l()(). Anv Aiidilor sliiill lie rli-il)|c \'ny ir-i'lfcli.m on lii-^ (|iiittiiii,' 
 
 oH'ico 
 
 i 
 
 107. li' iiiiv casual vacaiii'v occurs in llic oII'k I' Aiiditoi'. it 
 
 sliall be liUcd up liy tiic Hoard. 
 
 Kts. ir no election of Auditor l)c made in manner aforesaid, 
 the Hoard of Tnulo may on tlie application of not li-^-^ tiian live 
 Members appoint an Auditor for tlie current year, and li\ llie 
 romuncration to l)i> i)aid to liim by the Company for liis services. 
 
 100. Tin' Auditor si all bavc, at ids re(iuesl. a list delivered 
 to liim of all books kept by the ("onipany. and shall at all reasHiable 
 times have access to the boidss of account of the Company, lie 
 siiall also be supplied with a copy ol the balance-sheet and profit and 
 loss account, and it shall Se his duly to .•vamine the snui- with the 
 books, accounts, and vouchers relatin-' thereto. 
 
 no. 'i'he Auditor shall certify to the Members as to the 
 c(n-rcetness of the balance-she."' and prollt and loss account, and may 
 make such report to the Members thereon as he thinks projier. 
 
 n. llESEliVE riNi). 
 
 111. TheBoai'd may. before reeommciidin'j; any Dividend, set 
 asid<-outoflh.>pi'()lits of the Company such sum as they think propel- 
 as a llescrve Fund, to meet contingencies, or for wrilin- olf costs of 
 I)atents or for rcpairin- ov maintaining any property of the Comjiany, 
 ereetin- plant, or i'oi any other puri)o.ses of the Company, and the 
 sann-maybe ai)ldied aecordiu-ly from time to time in such manner 
 as the i5oard shall determin.>. And the Moard max. without j.lacim;' 
 the sanu- to ileservc, carry ov<T any protits which tlieylhiidv it not 
 pruch-nt to divide. 
 
 Koard ; 
 nt the 
 
 t. DIVIDK-NDS. 
 
 n;2. The Company in Cicneral Mcetiiii;' may declare a Dividend 
 to be l)aid to the .Members according to their rights and interests in 
 the profits, but no larger Dividend shall be declared than is recom- 
 ..Mided by the iSoard, and such Divid.^nd may be pavable wholly or 
 ])art by the distribution of siiecific assets. 
 
 m 
 
 in 
 
 li;5. Suliject to any priorities that may be given upon the 
 issue of anv new Shares, the proiits of iho Company available for 
 
(listril)iili()n, siihj.rt t(i tlic |.mvisioMs licivinlii'lniv (•(.iilaiiird, >liiill U- 
 (listril)iit(«(l as l)ivi(l(Mi(l aiiioii-^' I lie Mcinhcrs in iiccinliiiic- willi 
 tlic iiiiiounts paid up. or credit. 'd a-; piiid up on llu' Shaivs lirld l>y 
 tlicui respect ivtdy. 
 
 111. Wlien in tiie opinion of llie Moanl tlie position of tlu5 
 Conipauv permits, Interim Dividends may lie paid to the M.Mnlierson 
 account of the Dividend for the llien current year. 
 
 11.-). Ail Divith'iuls ami Intere-t sliall lieh.m;' ae.d lie paid 
 to those Memliers who siiail he on tiie re-ister at ih.' d.^ ■ at 
 wliieh such Divi(h'nd shall he declared, or at the date on which 
 such interest sliall he payahle respectively, not withstaudin- any 
 suhseciucnt transfer or irausmissinn of Shares. 
 
 110. if several jiersous are rcifistercd as joint holders of any 
 Share, any one of sucii i)(M'suns may uive ell'ectual rcceiiits lor all 
 Dividends and Interest payahlo in respect thereof. 
 
 117. No Dividend sliail hear interest as a-ainst the Company. 
 
 VI. -NOTICES. 
 
 lis. A notice may he served hy the C.inpany upon any 
 .M..ml)er, either personally, or i)y poslin- il in a jirrpaid h-tter 
 addressed to sneli Meniher at his n-istered address. 
 
 ll'.t. Any Memher residin- out of tlie I'niled Kiim'.lom may 
 name an address within tlie United Ivin-dom ai which all notices 
 shall he served upon him, and all notices .served at snch address shall 
 h,. deemed to he well served. If 1h> shall not have named such au 
 address, lie shall not he entitled to any notices. 
 
 1:^0. Any notice, if served hy post, shall he deemed to have 
 been served on the day after the day on which it was posted, and in 
 provin- such service it shall he suiliei.'ut to prove that the notice was 
 properly addressed and posted. 
 
 121. All notices directed to lie s-'ivcn to the :Meml>crs shall, with 
 respect to any Share to which i)ersons are jointly entitled, he -ivcn to 
 whichever of such persons is named lirst in the 
 
 l;e^•istcr of Members, 
 
as 
 
 ami a iKitici' so iiivcii sliall l.c Milllcii'iu nnlici' to all ilic iioidci's of 
 such Sjiarc. 
 
 ]-'2. \'.\v[-\ cxcciilor, a(liiiiiii>li'atoi', coiiiiuitti'c, oi' iruslcc in 
 baiiki'iiptcv or li(Hii(latioii. --iiall be alisoliiti'ly IpouikI Ii\ cmma iiniici' 
 so i^ivcM as ai'orcsiiid, i|' sent lo ilir last rciiisti'icil addi'css of sindi 
 Mcmlx'i', uotw itiistandiiiu' that tlic Coiiipaiiy iiiavlia\(' iiotircol llic 
 (it'itli, iiiiiai-y, haiikriipli-y, or disability oj' siudi Member. 
 
 lli;!. All lioliees sIkiII be dceiiied lo lia\e been >ei'\ ed ii|ioli 
 tlie liolders ol' Share W'aiTant^ il' llie\ shall have bi'eii aiKiTli^eil miee 
 ill two daily ne\\s|ia|iers. and tiie Coiiijiany shall not be buiind 
 to serve any iiotiei' on llie hohleis of Share Warrants in any olliei' 
 iiiaiiner. 
 
 VII. -WINDING-UP. 
 
 \'2l. ll' n|ion the \\'iiidinu-n|i n\' ibe I'oiiipans the >ur|ihis 
 assets shall Ix.' more than vuilleient lo repay tlie wliole of the paid up 
 t'apital, the I'xeess shall be disi ribnted .ainoiiii- the .Meinber> in 
 proportion to the Capital |i;iid on the .Shares htdd by iheiii 
 respectively at the coiiuneiiccinenl oj' tie' vviii(linL;-u|i. other than 
 amounts jiaid ii. ;id\anee of Calls. il' tlie surplus assets shall be 
 iMsulIicient to repay the whole of ihe paid-up Capital, sneh surplus 
 assets shall be distributed so ilial as nearly as may hi; the hisses shall 
 he l)oriie by the Members in proporlicm to the Capital paid on the 
 .Sliai'i's ludd by them resjieeiivtdy at the commeiu'i'ment ol' liie 
 \\ indin:,-up, other ih.an amounts paid in advjiiice ol' Calls. Ihit this 
 (daiisc is to he witiioiit prejudice to the ri^'hts of tlu" holdta's of 
 Slitircs issued upon special conditions. >i'o residution Tor windiiiL;' up 
 the (Jompaiiy shall be submitted or proposed at anymeelinn' of the 
 Company unless and until the same has been sanctioned by ,a 
 resolution ol'the holders of Dd'erred Shari-s passed by a majority of 
 smdi ladiha's, or has been cousentcil m. in writing' by a majority of 
 the holders of siudi Shares. 
 
 m 
 
 unci 
 
 '['I'l. Tlu* hicptidator on any winding-up (whether voluntary, 
 er ;iUj)ervision, (U' coni[)iils(M'y) may, with the sanction of an 
 
 I'xtraordmary resolution, di\ide amonii' the contiahutorii's, iii specie, 
 any part of the assets of the Company, and may, with the like 
 sanction, \('st ;iiiy part nf ihe assets of the Com|iaiiy in trustees upon 
 
',{■ 
 
 such trusts for tlio Lonofit of tho contributorios, as tlio Liquidator, 
 witli tlie liko sanction, shall think fit. 
 
 120 A'ly sucli li(ini(lator niay (irrospcctivc of the |)o\vci'S 
 {•orfiiToduimn hlin hythc Companies Acts and as an additional power), 
 with tho consent of a special resolution, sell the undertakinu; of tlie 
 Company or the v'lifde or any ])art of its assets for Shares fully or 
 l)artly paid up or the ohiii^ations of or other interests in any oilier 
 Conipanv, and mav hv the contract of sale asree for the allotment to 
 the ^lemhers (lire(;t of th(! proceeds of sale in jirojiortion to tiieir 
 ros[)ective intei-ests in the Company, and nuiy arrauLje for tho 
 allotnieiit to holiiers of dill'crent classes of Sliares in this Com])any 
 respectively of ohiii^ations of tlie |)iirchasing Company, or ol' 
 Shares haviiii; such jiriority oi- special privile^'cs as may nearest 
 accord witii tlieir several interests in this Com[)any. 
 
 127. Upon any sale under the last ju'cccdini; Aiticle, or under 
 tho ])owcrs j,'iven hy S jtion Kil of " fhe Companies Acts. ls(;:i." no 
 llemher shall he entitled to reipiirt* the litjuidator either to abstain 
 I'rom carryiiiL;' into etl'ect the sale, or tlie resolutions aut iiorisiim' the 
 saiiH' or to purchase sucli Aleiiiher's interest in this Conipany; 
 hut in case any ilemhei- shall lie unwilling to acc(>pt the Shares, 
 ohliu'atioiis, ()!• intei('sts, to which under such sale he would he 
 (Mitilled. he may, w it hill I'ourteeii days of the passiiii;' of the resolutions 
 allthol■!slll^• tlie sale, hy notice in writiii';' to the licjuidator, reipiirc- 
 him to sell such Shares, (jhliijations, or interests, and thereupon tiie 
 same shall he sold in such manner as the liipiidator may think lit, 
 and the net proceecN shall he paid over to th(> Memher reijuirinij 
 such sail'. 
 
 AlimTllATlOX. 
 
 12s ^\ lieiie\i'r any dillerence arises between ilio Company 
 on the one hand, and any of the Members, their executors, 
 admiiii>lrati)rs n, ■•-^^ii^ns on the other liand, touching' the true 
 intent or eoii>iriiciiiin. or the incidences or consequences of these 
 ])resents. or toiiciiinL;' anytliinu' llien or thereal'ler done (sxrcuted, 
 omitted or suU'ereil in |inrsuance of these presents, or touchiiii;: any 
 breach or alleu'ed breach of the- presents, or any claim on account of 
 such lire;icli or a' licd breach or otherwise relatim;' to the premises 
 or to these presi nt , or to any oi thealfairs of the Cumpany, every 
 such dilference shaij be referred to arbitration, and the ])rovisions of 
 " The .Vrbilration Act. 'ss'),'' shall apply tn '-iicli arliit ral i(jn. 
 
36 
 
 Nami:s, Aiiiiiii.ssKs, \Ni) Dhscimitionn hf Siuscri iskus 
 
 A. .loiiNMOM. I)()i <;i,\-<. D.L., 
 
 ('(miliini;'(in Cnsllc, 
 
 liiillnvcll. X.I?. 
 
 AitTiiri; l"i;i.i.. 
 
 i;oriii,\'< .1. Nkwik, 
 
 Hi, (^)iHM'n Nii'toria St., !•;.('.. 
 
 Si)lit'i((ii-. 
 
 10. 'riirduniiirliin Avcniii-. M.C. 
 
 St(ifkl)rol<('i'. 
 
 l!i( nil. I'oi'Mss, A..M. hi^l. C.ll.. 
 
 <_'. (i. Ki:Ki:\virii, 
 
 <j. II. II \Tni;i.i). 
 
 Ai;i III i; ISknw KM.. 
 
 l„-niLric\ lli)u--('. 
 
 ■2. Su\]\,\l L;in.'. l-;.('.. 
 
 Siirliildii 
 
 Suiu''io)'. 
 
 .^(ilicilor"^ * 'li'i'k. 
 
 in, Marli.'ll J!u;i<l, 
 
 Niiiiiirad, S.i;. 
 
 Clerk. 
 
 Dalcd ihi- I.")lli (l:i\ nf M;\\. I^IKI. 
 \\'itlu'^s h) the al)<)\c Signal iii'os — 
 
 .1. II. ii()i)i:LL, 
 
 :.', SiilVulk L.anc, 
 
 Liindiiii, !•].('., 
 
 Cli'i'k Id M(".vps. 1!i:\n|| \w, |\i.m;\\i( n \- Smith. 
 
 Siilii'iliirs. 
 
w^f 
 
 THE COMPANIES ACTS, 1862 to 1890. 
 
 COMPANr LIMITED BY SHARES. 
 
 f eirir '"' m 
 
 AND 
 
 articles of ^jsjaiociation 
 
 OF THE 
 
 LONDON & BRITISH COLUMBIA 60LDFIELDS, 
 
 XjitaivBiji. 
 
 Ih 
 ?*-■ 
 
 
 RENSHAW, KEKEWICH & SMITH, 
 
 2, Suffolk Lane, E.C 
 
 SS*-**!'! - ■. - ■■.:. «.,»»«i.iA*'« ..