GENERAL INFORMATION AND TABLES 97 



THE STOCK EXCHANGE QUOTATIONS 

 The Stock Exchange Committee will grant a 

 " Quotation " in the shares of a company which 

 is considered by the Committee to be of sufficient 

 magnitude and importance to be entitled to a 

 place on the official list, and also provided the 

 constitution of the company is in accordance 

 with the usages of the Stock Exchange thus 



A company whose subscribed capital is less 

 than 75,000 is not considered of sufficient 

 magnitude to warrant its shares being quoted 

 on the list. 



Unless at least two-thirds of the nominal 

 capital proposed to be issued be subscribed for 

 by the public the company will be ineligible 

 for a quotation. 



The articles of the company must meet the 

 requirements of the Stock Exchange on the 

 following points, viz : 



Restraining the directors from employing 

 the company's funds in the purchase of its 

 own shares 



Securing the qualifications of directors. 

 Limiting the amounts and intervals of calls. 

 Limiting the borrowing powers of the Board. 

 That every member shall receive one share 

 certificate free of charge, and that the charge 

 for a certificate in place of one worn out or lost 

 not to exceed one shilling. 



That members holding one-tenth of the issued 

 capital shall have power to requisition an extra- 

 ordinary meeting. 



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