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The subsidiary is consolidated from the date of its incorporation, being the date on which the Company obtained control, and will continue to be consolidated till the date that such management ceases. Control includes the ability to govern the monetary and working policies of the investee in order to obtain benefit from its activities and is achieved through direct or oblique possession of voting rights. The financial statements of the subsidiary are prepared for the same reporting 12 months as the Company, utilizing consistent accounting insurance policies. All inter-company balances and transactions, together with unrealised earnings arising from them, are eliminated.
Lord Lamont, Mr Myles and Mr van Heesewijk will supply themselves for re-election, having served on the Board for over nine years. The Board recommends that shareholders vote for the re-election of Lord Lamont, Mr Myles and Mr van Heesewijk because it believes …