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Dividend	Mr. Clayton proposed
		Mr. Wilson seconded
		And it was  unanimously resolved
		"That a dividend of 5% free of tax
		"be declared on paid up capital."

Reduction	Dr. Whitford moved
of Directorate	Mr. Davies seconded
		and after discussion it was
		by an overwhelming majority (two
		Shareholders dissenting) resolved
		"That the vacancy on the Directorate
		"caused by the death of Mr. George
		"Mahon be not filled up: that
		"the Resolution of August 29 1892
		"whereby the number of Directors of the
		"Company was fixed at ten be and is
		"hereby rescinded and that in lieu
		"thereof it is hereby resolved that the
		"number of Directors of the Company
		"shall be nine.

Election of	The following nominated candidates
Directors	went to Election
			Messrs	R. Alty
				W. R. Clayton
				D. Kirkwood
				R. Wilson

Scrutineers	The following gentlemen were appointed
		Scrutineers :-
		Messrs G. Turner, Sandbach, Bush,
		J. Davies, Smith, Blacoe, Taggart, Nelson.