51.   However, an advance payment, called ACT, is due whenever a company pays dividends to its shareholders.

52.   For these people, their face is their fortune but the gift of the gob pays extra dividends.

53.   It is this time which pays dividends.

54.   The dividends are usually paid in priority to dividends on all other shares except for preference shares.

55.   Management will sometimes request a catch-up dividend before further dividends are paid to the preferred ordinary shareholders and ordinary shareholders.

56.   If dividends were paid then the dividends would derive from assets comprised in the settlement.

57.   The company, as anticipated, is profitable and a dividend is paid into the trust.

58.   A dividend may be paid with Master Smith having disclaimed his dividend.

59.   To the extent that fixed preference dividends are not paid in any year they usually accumulate and are paid out in priority in future years.

60.   A preference shareholder does, however, usually have the right to be paid his dividend before any dividends can be paid to the ordinary shareholders.