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11. The changes in the Articles made at the Meeting held on October 29, 1947, are large in number, two of them at least are very important, namely, relating- to (1) the appointment of the Managing Agent and (2) the voting right.

Under the old Articles, each share carried with it the right to vote. Under the new Article that was not so. The old Article 97 read as follows:

"97. On a show of hands, every member present in person shall have one vote, and upon a poll, every member present in person or by proxy shall have one vote for every share held by him, provided that no company shall vote by proxy so long as a Resolution of its Directors under the provisions of Section 80 of the Act is in force."

The new Article which replaces the old Article reads:

"99. Subject to any special rights or restrictions as to voting upon which any shares may be held on a show of hands, every member present in person or by general proxy (as defined by Article 103 hereof but who is not a member of the company or who is a member not qualified to vote) shall have one vote and upon a poll, every member present in person or by proxy shall have one vote provided that no Company shall vote by proxy so long as a Resolution of its Directors under the provisions of Section 80 of the Act, is in force."