Clause 10

pay any dividend on its shares until all its capitalised expenditure (including preliminary expenses, organisation expenses, share selling commission, brokerage, amounts of losses incurred and any other item of expenditure not represented by tangible assets) has been completely written off;

grant an advance, loan or credit facility against the security of its own shares or grant unsecured advances, unsecured loans or unsecured credit facilities in excess of, in the aggregate and outstanding at any one time, five thousand dollars, to any of its directors, or to a firm in which it or any of its directors, or to a firm in which it or any of its directors, is interested as partner, manager or agent, or to any individual or firm of whom or of which any of its directors is a guarantor;

grant to its officers or employees unsecured advances, unsecured loans or unsecured credit facilities which constitute a financial liability on that bank outstanding at any one time of more than six months’ salary for any one officer or employee.