SHARE CAPITAL.
The original shares of the Company were £10 each. It was decided in 1897 to reduce them to £7 fully paid, which placed the capital at £612,500. Shortly afterwards each £7 share was converted into seven shares of £1 each.
In 1906 the shareholders authorised the creation of £200,000 of fresh capital, which was issued to them in two blocks of £154,000 in 1906 and £46,000 in 1907.
Fresh capital was authorised in 1908, viz., £187,500, of which £161,608 was issued in 1909, and further lots have since been issued, bringing the total amount of authorised capital to £1,000,000, and of issued capital at 30th June, 1910, to £982,347.
An issue of £50,000 Six per Cent. Debentures was made in January, 1904; and the whole amount was redeemed on the 1st July, 1909.