=+On 1st January, 1962, they formed a company with an authorised capital of 200,000, half in 6
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=+On 1st January, 1962, they formed a company with an authorised capital of £200,000, half in 6 per cent. Cumulative Preference Shares and half in Ordinary Shares of £1 each, to take over the business. It was agreed that:
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