The PLC subscribed for 23, 950 of these new shares and the remaining 50 were acquired by a director of the Statutory Company in order to bring their holding up to the minimum for directors of 250 shares specified in the 1926 Light Railway Order.
12.
It is usual for the two companies to share the same board of directors; with the anomaly that whilst the Romney, Hythe & Dymchurch Railway Association has been granted a seat on the Statutory Company's board it has no direct representation on the PLC's board.
