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of Upon motior duly made end seconded, it wes bial
RESOLVED, et counsel for the compeny confer onthemselves and recommend to the — General Menazer and to the directors their selection of speciel counsel “ for the handlinz of seid appeal, for on the &pproval of such directors.
9. DIVIDEND FROW St COMPANY: Pursuant to the resolution passed by this Board at the last reeting, the Generai Manager advised he bad been in communicetion with the Cor-oretion's London office in regare thereto, and reed to the Soard the cables that had been exchanged. He slso acquainted the Soerd with the telephone conversation he and Mr. Muller hed had with Mr. Archibald and Mr. Kelly, both of whom recommended that the dividend be declared enywey.
The General Manager, after consulting certein of _ the Directors and Mr. Muller, had cebled London es follows:
"DIRECTORS DELAWARE RECOMMEND YOU FORTHWITH DECLARE DIVIDEND EQUIVALENT TC SIXTYTHOUSAND POUNDS NET BUT DECLARED IN GROSS FORM PAYABLE BEFORE END THIS Y#AR STOP DISREGARD PREVIOUS CABLE THIS SUBJECT".
The General Manezer further advised that he had today received the following cable from the London office: _
“DIRECTORS OF ENGLISH COMPANY DECLARED ON DECEMBER THIRTIZTH INTERIM DIVIDEND OF 1104 PERCENT EQUAL“LING 82800 POUNDS GROSS LESS TAX 22770 POUNDS MAKING 60030 POUNDS NET (STOP) WILL CREDIT NET DIVIDEND IN DECEMBER AS TO 60016 POUNDS AGAINST ADVANCE OF 300,000 DOLLARS EQUIVALENT 60018 POUNDS ,
preg oainas ah MADE IN JANUARY 1938 end AS TO BALANCB 1z POUNDS THROUGH COMMISSION ACCOUNT". PAs Updi motion duly made, seconded end unanimously \ 4 4 carried, it was rc iam
~ RESOLVED, that the action of the General Manscer * be end is hereby unanimously ratified.
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