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PART 2CONSTITUTION AND POWERS OF THE COMPANY

7Power to raise additional capital

(1)In section 16 of the 1930 Act (capital)—

(a)for “thirty thousand pounds” substitute “£100,000”;

(b)for “thirty thousand shares” substitute “100,000 shares”.

(2)In section 20 of the 1930 Act (power to raise additional capital)—

(a)omit “and to the provisions of Part II of the Companies Clauses Act 1863”;

(b)for “thirty thousand pounds” substitute “£100,000”;

(c)omit the words after “one pound”.