Article 4 Resignations, vacancies, etc

A guardian may at any time by notice in writing to the Company resign his office.

A casual vacancy arising in the office of a guardian may be filled by the guardians and a person appointed to fill a casual vacancy shall, unless he shall previously die or resign or be removed from office, hold office from the date of his appointment until the expiry of the term of office for which the person he replaces was appointed.

A person retiring from the office of a guardian shall, unless otherwise disqualified, be eligible for re-appointment.

No person shall be capable of being appointed a guardian if at the time of his appointment he has attained the age of seventy. A guardian shall retire at the end of the annual meeting next following his attaining the age of seventy (or, if he attains that age on the day of an annual meeting, then at the end of that meeting) and, unless the guardian would otherwise have retired at the end of that meeting, the vacancy arising shall be deemed to be a casual vacancy. No person shall be eligible for appointment as a guardian until he has attained the age of twenty-five.

A guardian shall forthwith cease to hold office upon the passing of a resolution at a meeting of the guardians of the Company for the time being by a majority of at least two-thirds of all the guardians attending the meeting that he is unfit to continue in that office. Twenty-eight days notice shall be required of a resolution to remove a guardian under this paragraph. The guardian concerned may make with respect thereto representations in writing to the Company (not exceeding a reasonable length) and, unless the representations are received by it too late for it to do so, the Company shall send a copy thereof to every guardian.