No. 14. Electricity Supply. 1973.


 and together also with a sum of money equal to the aggregate
 of the arrears (if any) of any fixed cumulative dividend (if any,
 and whether earned or declared or not) on the Preference
 shares held hy them respectively niil tile proportion of the
 dividend on such shares (vheth, r earned or declared or not)
 attrii;ibll1.e to t(he proportion of tihe then current financial
 yezr of tlhe Company wlichl has expired at the date of the
 revocaiti'in cof the licence.

 (3) If' pursuant to section 2, the Governor revokes the
 license on the last day of 1he first fifteen years of the licence,
 the Government shall pay to the registered holders of all Ordin-
 ary shares in the capital of the Company, which the Government
 is obliged to purchase in accordance with the aforesaid provi-
 sions, a purchase price equal to that proportion of the aggregate
 of-
 (a) the net value of the Company's assets at the date of
 the revocation of the licence, calculated in accord-
 ance with the provisions set out in Parts I and II of
 Third Schedule, the Third Schedule to this Act; and
 (b) a sum of money calculated in accordance with the
 provisions set out in Part III of the Third Sch,'dule
 to this Act;
 which the aggregate amount paid up on the Ordinary shares
 being purchased from the registered holders hereof bears to
 the aggregate amount paid up on the whole of the Company's
 issu11d Or. inary shares capital at the late of the revocation of
 the liieiice, s-lch purchase price to be divided among such regis-
 tered holders in proportion to thlir holdings of such shares.

 (4) If pursunant to section 28 the Governor revokes the
 licence on the last day of the first forty years of the licence, the
 Government shall pay to the registered holders of all Ordinary
 shares in the cpintal of the Company, which the Government is
 obliged to purchase in accordance with the aforesaid provisions,
 a purchase price equal to that proportion of the net value of
 the Company's assets at the date of thl revocation of the licence
 (such net value beimngT enlcated in accordance with the said
 provisions se" out in Parts I and II of the Third Schedule to
 this Act) which the aggrgate amount paid up on the Ordinary
 shares being purchased from the registered holders thereof bears
 to the aggregate amount paid up on the whole of the Company's
 issued Ordinary share capital at the date of the revocation of
 the licence, such purchase price to be divided as aforesaid.