34.
| (1) For a period of five years from the date of the commencement of business by the Corporation the preference and ordinary shares shall rank for dividend pari passu according to the capital for the time being paid up thereon respectively; |
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| (2) After the expiration of such period of five years the preference shares shall carry the right to a fixed non-cumulative preference dividend at the rate of six per centum per annum on the capital for the time being paid up thereon and in a winding-up the preference shares shall rank equally as regards return of capital in priority to the ordinary shares but shall not confer the right to any further participation in profits or to any return of capital paid thereon. |
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Sri Lanka Consolidated Acts