meeting'of the Board of Arbuthnot Finance International Limited (the-"Company") held on twenty-fifth day of January 1990 at 131, Finsbury Pavement, MoOrgate, London, EC2A lAY, at 4.00 III. • • ;PRESENT 7 R.J. Morbin (Chairman) - I,J. McBride - (Director) P. Ashton. (Director) It was noted that a qu