"14

SECRETARIAL PRACTICE

18. In the above conditions ‘share warrant’ means a warrant in
respect of a share or shares issued pursuant to the Companies Act,
1929, and the articles of association of the company.
Passed at a Meeting of the Divectors held on the. . cama
Notes on Conditions. (For the purpose of illustration it
is presumed that the company has shareholders in the United
Kingdom.) It is required by Condition 10 that notice of any
dividends payable be advertised, and the following is a form
of advertisement for this purpose :
THE ‘A’ CO. LTD.
DIVIDENDS ON ORDINARY SHARES.
Notice is hereby given that a dividend of four shillings
per share (less United Kingdom income tax) has been
declared payable upon the ordinary shares of the company
 as on the 1st July, 1930. Coupon No. 14 attached
to share warrants will be payable on and after the 1st
July, 1930, at the A. B. Bank Ltd. Lombard Street,
London, E.C., at the rate of four shillings per share (less
United Kingdom income tax) in payment of the aforesaid
 dividend.
Listing forms may be obtained from the said bank.
Coupons must be left three clear days for examination.
By order of the Board,

Secretary.

Address
Date

Lost Share
Warrants.

The following intimation may sometimes be added usefully
to the notice:
‘Holders of share warrants intending to submit a
claim to the Inland Revenue for refund of income tax
should apply for a certificate as to deduction of tax
when presenting their coupons for payment.’
The above specimen conditions do not provide for the
replacement of share warrants which are lost or destroyed.
Sometimes a condition is added providing for such replacement
 upon proof of loss or destruction and on such indemnity
being given as the directors deem adequate. In any event
in dealing with cases of a share warrant stated to have been
lost or destroyed it is necessary to act with the utmost
caution. In no case should a duplicate share warrant be
issued without the fullest possible indemnity from a bank