Dividends

68. The Directors may, with the sanction of the Company in general meeting, declare a dividend to be paid to the Shareholders in proportion to their shares.

69. No dividend shall be paid except out of the profits arising from the business of the Company.

70. The Directors may, before recommending any dividend, set aside out of the profits of the Company such sum as they think proper, as a reserve fund to meet contingencies, or for equalising dividends, or for repairing or maintaining the works connected with the business of the Company, or for any part thereof; and the Directors may invest the sum so set apart as a reserved fund upon such securities as they, with the sanction of the Company, may select.

71. The Directors may deduct from the dividends payable to any Shareholder all such sums of money as may be due from him to the Company on account of calls or otherwise.

72. Notice of any dividend that may have been declared shall be given to each Shareholder, or sent to his registered place of abode, and all dividends unclaimed for three years after having been declared, may be forfeited by the Directors for the benefit of the Company,

73. No dividends shall bear interest as against the Company.