As to the Shares.

£1 will be payable on application and £4 on allotment. Calls not to exceed £2.10s. each per share, or to be made at less intervals than 3 months, 1 month's notice being given. It page 2 is not expected that so much as £10 per share will be called up, but allottees desiring to pay up in full may do so, with the consent of the Directors, and interest at the rate of £6 per cent, per annum will be allowed on the amounts paid in advance of calls.