SIR,—I was most interested to read Mr. Davenport's remarks on
the contributions to charity by com- panies. As one of the many 'small investors' my stake in any particular company is negligible. Never- theless I endeavour to grasp the essentials of com- pany reports, and it always annoys me to read that a large sum has been given to some particular charity, and I have not been consulted! After all, it's my money which helps to keep the company going, even if it is only £100 or £200!
I quite see jt would be impracticable to notify individual shareholders each time, but could not a list of proposed outside gifts for the coming year be included with the report, so that individuals could object in writing if they so desired? Probably few would bother to do so, but that would be up to them.
May I add I much appreciate Mr. Davenport's article. I read your paper back to fore so as to reach them early on.
IRENE LAUDERDAT E St. John's, Lansdowne Road, Angmering
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