reclassification of authorised preference share capital to common share capital, and, to consider an increase in authorised share capital.

Tomorrow's meeting at the Front Street head office will also consider other "housekeeping'' matters.

Ms Judith P. Doidge, the bank's corporate secretary explained, "Our authorised share capital currently consists of $35,262,000. It's broken down into $24 million of common share capital and $11,262,000 of preference share capital.'' The preference share capital was created in 1983 to issue preference shares, which have since been redeemed, although the authorised dollar amount is still classified as preference share capital.

The bank is now asking for approval for the change back to common share capital and approval to increase the total authorised share capital by $4,738,000, up from $35,262,000 to $40 million.