Dividends.

82. The Board may, with the sanction of the Company in general meeting, declare and pay a dividend to the shareholders.

83. No dividend shall be payable except out of the nett profits arising from the business of the Company. If shares are issued at a premium, the Board shall determine if the premium is to be treated as capital or as profit.

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

85. Notwithstanding anything in these rules to the contrary, the Board shall have power to declare and pay an interim dividend during the currency of any year without calling a meeting of the shareholders.

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86. The dividend on each share shall be calculated equitably upon the amount paid up upon such share according to the amounts and dates of payment.

87. The Board may deduct from the dividends payable to any shareholder all such sums of money as are then due from him to the Company on account of calls or otherwise.

88. The receipt of any one of two or more persons registered as joint proprietors of any one or more shares, shall be a sufficient discharge for any dividend payable thereon.

89. Notice of any dividend that may have been declared shall be served on each shareholder and all dividends unclaimed for three years, after having been declared, shall be forfeited by the Directors for the benefit of the Company.

90. No dividend shall bear interest as against the Company.