preference shares, though far below their real value, stand at 2l.
The dividend on preference shares is either “cumulative” or contingent on the profits of each separate year or half year.
The association will also underwrite the bonds and preference shares.
He had received in payment cash, debentures and preference shares, and his lawyers and his own acumen had acclaimed the bargain.
Its six per cent, preference shares have moved between fourteen and five and a half.