a partly paid share will only entitle the holder toa fraction of the dividend payable on a fully paid share equal to the proportion of the total amounts paid and payable on the share which have been paid;and (2) if dividends are declared by the directors to be paid in respect of a specified period and if the directors also declare that the dividends on any shares are to be further apportioned according to when amounts are paid on those shares during the specified period, an amount whichis paid on a relevant share during the specified period will only entitlethe holder of the share to Constitution Page 15 a fraction of the dividend that would otherwise be payable in respect of that amount equal to the proportion of the specified period remaining as at the date of payment of that amount.
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