Credit Foncier of Mauritius Act 1912

• Jurisdiction: UK Non-devolved
• Citation: 1912 c. v
• Year: 1912

[2 & 3

GEO.

5.] Credit Foncier of Mauritius [Ch. V.]

Act, 1912.

CHAPTER v.

An Act for the conversion of the preference stock of the

A.D.

1912

Credit Foncier of M Mam * *

Limited Act 1895 and for other purposes. ]

W

HEREAS the Credit Foncier of Mauritius Limited (in this

Act referred to as "the Company") was incorporated in

the year 1864 under the Companies Act 1862 as a company

limited by shares:

And whereas by the Credit Eoncier of Mauritius Limited

Act 1895 (in this Act referred to as "the Act of 1895")

further powers were conferred on the Company in reference to

its capital as in that Act described:

And whereas the directors of the Company by a memo-

randum in writing under the common seal of the Company

dated the 17th day of May 1895 in exercise of the powers

r

conferred by the Act of 1895 determined that each of the

ordinary shares of the Company should as soon as the calls

made on the 6th November 1894 had been paid be divided into

one preference share of £2 (convertible into preference stock on

being fully paid up) and one ordinary share oi £8 and (that the

said calls should be treated as paid in respect of the said

preference shares and that dividends should be payable on the

said preference shares at the rate of £5 per cent, per annum:

And whereas by the same memorandum it was

determined to offer to the holders of the ordinary shares the

£he amount uncalled on

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all or any of the ordinary shares held by them on the terms that

[Price 6d.] A 1