FilmIndia (1939)

CINE FINANCE & BANKING CORPORATION OF INDIA, LIMITED (Continued from page 41) fled by any of the articles of the Corporation and who has been duly registered for three months previous to the General Meeting shall be entitled to be present and to speak and vote at such meeting and shall on a show of hands when present in person or on a poll when present in person or by proxy have one vote in respect of every Preferred Ordinary share and one vote in respect of every twelve Deferred Ordinary shares held by him in the Company three months previous to the General Meeting. The maximum commissions lo be paid by the Corporation to cover underwriting and over-riding commissions, brokerage, and any other commissions for or in connection with the procuration of capital shall not exceed 5 per cent. Sir Richard Temple and Mr. A. Rowland Thomas, will be life directors of the Corporation, and are interested in a contract set out herein as directors of Sirarty, Ltd., the Managing Agents. CONTRACTS: Articles of Agreement made and entered into the 28th day of February, 1939, between Cine Finance and Banking Corporation of India, Limited of the one part and Sirarty Limited of the other part whereby the said Sirarty Limited are appointed the Managing Agents of the said Cine Finance and Banking Corporation of India Limited for a period of 20 years at the monthly remuneration of Rs. 4,000, free ox income tax, and it is provided that ah office staff, and other expenses in and out of India incidental to the carrying on of the business and affairs of the said Cine Finance and Banking Corporation of India Limited and also of the Managing Agency shall be defrayed by the said Cine Finance and Banking Corporation of India, Ltd.: and it is further provided that in consideration of the issue and allotment by the said Cine Finance and Banking Corporation of India Limited as fully paid of the whole deferred ordinary share capital of the said Cine Finance and Banking Corporation of India Limited of the face value of Rs. 5,00,000 1 to the said Sirarty Limited and also' 'in consideration of the payment of H% of the Capital of the said Cine Finance and Banking Corporation of India Limited and also of the seven other Companies intended to be got registered the said Sirarty Limited agree and undertake at their own expense to cause to be registered the said Cine Finance and Banking Corporation of India Limited and the said seven other Companies above referred to and to defray all legal and other prelminary expenses other than over -riding and underwriting commissions, brokerage, etc., in connection with the said registrations and the said Sirarty, Limited, further agree for the same consideration to sell to the said Cine Finance and Banking Corporation of India Limited all rights undertakings and properties whatsoever held by the said Si rarty Limited from Sir Richard Temple Bart., and Archie Rowland Thomas in their Scheme for organising and financing film production, servicing, distribution, etc., in India as well as abroad and for the same consideration the said Sirarty Limited shall also transfer and assign to the said Cine Finance and Banking Corporation of India Limited the deferred shares accruing to the said Sirarty Limited in the said seven other companies as fully paid shares. By the said Articles it is further agreed that if the said Sirarty Limited fail to get registered any one or more of the said seven Companies the said Sirarty Limited shall refund to the said Cine Finance and Banking Corporation of India Limited \\% of the Capital of such Company or Companies as the said Sirarty Limited may fail to get registered within one year. Articles of agreement made and entered into between the said Sirarty, Ltd., and the said Cine Finance & Banking Corporation of India, Ltd., and memorandum and articles of association can be inspected at the office of the Company's Solicitors, Messrs. Madhavji & Co., during office hours. (Signed) Richard Temple, Dhanjishah Bomanji Cooper, Kailas N. Haksar, D. A. Surve, Kanhaiyalal Bhandari, Mathhradas T. Assomull, Naraindas Pohoomull, Trikamlal Girdharlal, Rangildas Varajdas Khandwala. Ramnath Swaminath Aiyar, Archie Rowland Thomas, Mirza Rashid Ali Baig. 4 The poor Indian (a "native" of course) humbly awaiting the order oi the White Men. .This is how that libel on India, "Gunga Din" was shot by R.K.O. Radio Pictures of America. 46