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Amendment of section 2 (1) of Principal Act.
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2.—Section 2 of the Principal Act is hereby amended by the substitution of “£22,000,000” for “£12,000,000” (inserted by the Act of 1959) in subsection (1) and the said subsection, as so amended, is set out in the Table to this section.
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(1) Notwithstanding anything contained in the Companies Acts, 1908 to 1924, or in the memorandum or articles of association of the Company, the Company may increase its capital to a total not exceeding £22,000,000 and for that purpose may, subject to the provisions of this Act, make such alterations in its memorandum and articles of association as may be appropriate.
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