A limited liability company that pays no dividends is not news, as we all know to our cost.. But a company that announces in its prospectus that it never will pay dividends is something new. On July 28 there was registered at Northampton the Catholic Shop, Ltd. (355,461), with registered offices at 15, Laugham Place, Northampton. The capital of the company is limited to £100 in 100 shares of £1 each.
The object of the company is to provide a centre where Catholic boys and girls can meet in a Catholic atmosphere and be organised as a young people's club. It will organise meetings for Catholic men and women.
Any excess of income over expenditure will be used to extend the activities of the club, and at the discretion of the directors to make donations to Church charities. No dividends will be paid to shareholders.
The permanent directors are Thomas Iiewson, 2, Watkin Terrace, Northampton; Alfred H. Lack, Abbey House, The Square, St. James', Northampton; G. A. D. Priestley, 152, Adnitt-road, Northampton; and Edith J. Coleman, 21, Bedford Mansions, Northampton, who is also the secretary of the company.