Clause 136

by deleting subsection (1) and substituting the following subsection:“(1) Where a meeting is summoned under section 210, there shall —

with every notice summoning the meeting which is sent to a creditor, member or holder of units of shares of the company, be sent also a statement explaining the effect of the compromise or arrangement and in particular stating any material interests of the directors, whether as directors or as members, creditors or holders of units of shares of the company or otherwise, and the effect thereon of the compromise or arrangement in so far as it is different from the effect on the like interests of other persons; and

in every notice summoning the meeting which is given by advertisement, be included either such a statement or a notification of the place at which and the manner in which creditors, members or holders of units of shares of the company entitled to attend the meeting may obtain copies of such a statement.”;

by deleting the words “creditor or member” in subsection (3) and substituting the words “creditor, member or holder of units of shares of the company”; and

by deleting the section heading and substituting the following section heading:“Information as to compromise with creditors, members and holders of units of shares of company”.