SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
WESTBRIDGE CAPITAL CORP.
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(Name of Issuer)
COMMON STOCK, $.10 PAR VALUE
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(Title of Class of Securities)
95715210 1 000
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(CUSIP Number)
Edwin S. Marks, President
CMCO, Inc.
135 East 57th Street
New York, New York 10022
(212) 909-8400
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(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
January 21, 1997
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(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on
Schedule 13G to report the acquisition which is the subject of
this Schedule 13D, and is filing this schedule because of Rule
13d-1(b)(3) or (4), check the following box [ ].
Check the following box if a fee is being paid with this
Statement. [ ] (A fee is not required only if the reporting
person: (1) has a previous statement on file reporting beneficial
ownership of more than five percent of the class of securities
described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of
such class. (See Rule 13d-7.)
Note: Six copies of this statement, including all exhibits,
should be filed with the Commission. See Rule 13d-1(a) for other
parties to whom copies are to be sent.
*The remainder of this cover page shall be filled out for a
reporting person's initial filing on this form with respect to
the subject class of securities, and for any subsequent amendment
containing information which would alter disclosures provided in
a prior cover page.
The information required on the remainder of this cover page
shall not be deemed to be "filed" for the purpose of Section 18
of the Securities Exchange Act of 1934 ("Act") or otherwise
subject to the liabilities of that section of the Act but shall
be subject to all other provisions of the Act (however, see the
Notes).
<PAGE>
CUSIP NO. 95715210 1 000 13D PAGE 2 OF 12 PAGES
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1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
EDWIN S. MARKS
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)[X]
(b)[ ]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
PF
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) or 2(e) [ ]
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CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
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NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY 175,700
OWNED BY --------------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PER ON WITH 170,400
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9 SOLE DISPOSITIVE POWER
175,700
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10 SHARED DISPOSITIVE POWER
170,400
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
346,100
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.64%
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14 TYPE OF REPORTING PERSON*
IN
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*SEE INSTRUCTIONS BEFORE FILLING OUT
<PAGE>
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1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
NANCY A. MARKS
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)[X]
(b)[ ]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
PF
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) or 2(e) [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
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NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY - 0 -
OWNED BY --------------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PER ON WITH 170,400
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9 SOLE DISPOSITIVE POWER
- 0 -
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10 SHARED DISPOSITIVE POWER
170,400
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
170,400
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.78%
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14 TYPE OF REPORTING PERSON*
IN
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*SEE INSTRUCTION BEFORE FILLING OUT
<PAGE>
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1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
MARKS FAMILY FOUNDATION
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)[X]
(b)[ ]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
WC
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) or 2(e) [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
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NUMBER OF 7 SOLE VOTING POWER
SHARES
BENEFICIALLY - 0 -
OWNED BY --------------------------------------------------
EACH 8 SHARED VOTING POWER
REPORTING
PER ON WITH 59,600
--------------------------------------------------
9 SOLE DISPOSITIVE POWER
- 0 -
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10 SHARED DISPOSITIVE POWER
59,600
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
59,600
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
.97%
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14 TYPE OF REPORTING PERSON*
OO
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*SEE INSTRUCTION BEFORE FILLING OUT
<PAGE>
SCHEDULE 13D
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ITEM 1. SECURITY AND ISSUER
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This Statement relates to the common stock, $.10 par value
per share ("Common Stock"), of Westbridge Capital Corp., a
Delaware corporation (the "Issuer"). The Issuer's principal
executive offices are at 777 Main Street, Fort Worth, Texas
76102.
ITEM 2. IDENTITY AND BACKGROUND
-----------------------
(a) This statement is being filed jointly by the following
reporting persons (hereinafter sometimes collectively referred to
as the "Filing Persons") pursuant to an Agreement of Joint Filing
attached to this Statement as Exhibit 1:
(i) Edwin S. Marks ("E. Marks")
(ii) Nancy A. Marks ("N. Marks")
(iii) Marks Family Foundation (the "Foundation")
(b) The address of the Filing Persons is 15 Eagle Point
Drive, Great Neck, New York 11024.
(c) E. Marks is President of Carl Marks & Co. Inc. and
CMCO, Inc., whose addresses are 135 East 57th Street, New York,
New York 10022. Carl Marks & Co. Inc. is a registered broker-
dealer and CMCO, Inc. is a holding company for various stock and
limited partnership interests. E. Marks and N. Marks are
shareholders of Carl Marks & Co. Inc. and CMCO, Inc.
N. Marks is an interior designer.
The Foundation is a private foundation of the family of
E. Marks and N. Marks.
(d) & (e) During the last five years, none of the Filing
Persons has been: convicted in a criminal proceeding (excluding
traffic violations or similar misdemeanors); a party to a civil
proceeding of a judicial or administrative body of competent
jurisdiction and as a result of such proceeding was or is subject
to a judgement, decree or final order enjoining future violations
of, or prohibiting or mandating activities subject to, federal or
state securities laws or finding any violation with respect to
such laws.
(f) E. Marks and N. Marks are U.S. Citizens.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
-------------------------------------------------
(1) E. Marks used personal funds in the aggregate amount of
$928,505 to directly purchase the Issuer's Common Stock.
(2) N. Marks used personal funds in the aggregate amount of
$803,734 to directly purchase the Issuer's Common Stock.
(3) On October 22, 1996, E. Marks donated 59,600 shares of
the Issuer's Common Stock to the Foundation with a donor's cost
basis of $89,400.
ITEM 4. PURPOSE OF TRANSACTION
----------------------
The Filing Persons acquired the Issuer's Common Stock for
the purpose of investment. The Filing Persons reserve the right
to purchase additional shares, either separately or together with
other persons, to sell all or some of the shares beneficially
owned by them, or to otherwise trade in the Issuer's Common
Stock, in open market or private transactions, provided that in
their individual or collective judgment such transactions present
an attractive (long- or short-term) opportunity for profit.
Although the Filing Persons have no plans or proposals which
relate to or would result in any transaction specified in
paragraphs (a) through (j) of this Item, the Filing Persons may
separately or collectively consider plans or proposals relating
to or resulting in one or more such transactions in the future
depending upon factors then existing, such as the market for the
Issuer's Common Stock, the Issuer's then prospects, alternative
investment opportunities, general economic and money-market
investment conditions, as well as other factors deemed relevant
from time to time.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
------------------------------------
(a) Table I sets forth the aggregate number of shares and
percentage of Common Stock beneficially owned by the Filing
Persons. The information herein pertaining to the Issuer's
issued and outstanding Common Stock is as of January 30, 1997, at
which time there were 6,138,000 shares of Common Stock issued and
outstanding.
TABLE I
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Aggregate Amount of Percentage
Holder Beneficial Ownership of Class
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Edwin S. Marks 346,100 5.64%
Nancy A. Marks 170,400 2.78%
Marks Family Foundation 59,600 .97%
(b) The number of shares as to which the Filing Persons
have sole power to vote or direct the vote, shared power to vote
or direct the vote, sole power to dispose or direct the
disposition, or shared power to dispose or direct the disposition
is as follows:
(i) Voting Power.
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(a) E. Marks has sole voting power with respect
to 175,700 shares of Common Stock and shared
voting power with respect to 170,400 shares
directly owned by N. Marks and the Foundation.
(b) N. Marks does not have sole voting power with
respect to any shares. She has shared voting
power with respect to 170,400 shares of Common
Stock, including 59,600 shares directly owned by
the Foundation.
(c) The Foundation does not have sole voting power
with respect to any shares. The Foundation has
shared voting power with respect to 59,600 shares
beneficially owned.
(ii) Dispositive Power.
-----------------
(a) E. Marks has sole power to dispose or to
direct the disposition with respect to 175,700
shares of Common Stock and shared dispositive
power of 170,400 shares of Common Stock directly
owned by N. Marks and the Foundation.
(b) N. Marks does not have sole dispositive power
with respect to any shares. She has shared power
to dispose or to direct the disposition with
respect to 170,400 shares, including 59,600
directly owned by the Foundation.
(c) The Foundation does not have sole dispositive
power with respect to any shares. The Foundation
has shared power to dispose or to direct the
disposition with respect to 59,600 shares
beneficially owned.
(c) The Filing Person effected the following transactions
in the Issuer's Common Stock during the 60 days prior to the
event date of this Statement, all of such transactions having
been open market purchases:
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NUMBER OF
FILING PERSON TRADE DATE SHARES SHARE PRICE
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Edwin S. Marks 11/21/96 10,000 $7.78
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Edwin S. Marks 11/21/96 3,300 $7.7955
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Edwin S. Marks 11/22/96 400 $7.85
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Edwin S. Marks 12/02/96 2,200 $7.78
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Edwin S. Marks 12/03/96 200 $7.78
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Edwin S. Marks 01/17/97 5,500 $9.53
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Edwin S. Marks 01/17/97 1,100 $9.53
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Edwin S. Marks 01/21/97 500 $9.53
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Edwin S. Marks 01/21/97 500 $9.53
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Edwin S. Marks 01/22/97 10,000 $10.405
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Edwin S. Marks 01/23/97 4,000 $10.28
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Edwin S. Marks 01/23/97 10,000 $10.155
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Nancy A. Marks 01/22/97 10,000 $9.905
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Nancy A. Marks 01/22/97 5,000 $10.28
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(d) Not applicable.
(e) Not applicable.
ITEM 6 CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR
RELATIONSHIPS WITH RESPECT TO SECURITIES OF
THE ISSUER.
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None.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
--------------------------------
Exhibit 1 - Agreement of Joint Filing
Exhibit 2 - Power of Attorney
<PAGE>
SIGNATURES
After reasonable inquiry and to the best of our knowledge
and belief, we certify that the information set forth in this
statement is true, complete and accurate.
Dated: January 30, 1997 /s/ Edwin S. Marks
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EDWIN S. MARKS
/s/ Edwin S. Marks
_____________________________
NANCY A. MARKS
By: Edwin S. Marks,
Power of Attorney
MARKS FAMILY FOUNDATION
By: /s/ Edwin S. Marks
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Edwin S. Marks, Trustee
By: /s/ Edwin S. Marks
-------------------------
Nancy A. Marks, Trustee
By: Edwin S. Marks,
Power of Attorney
<PAGE>
AGREEMENT OF JOINT FILING
In accordance with Rule 13d-1(f) under the Securities
Exchange Act of 1934, as amended, the undersigned hereby agree to
the joint filing of a statement on Schedule 13D or any amendments
thereto, with respect to Common Stock, $.10 par value, of
Westbridge Capital Corp. and that this Agreement be included as
an Exhibit in such filing.
This Agreement may be executed in any number of
counterparts each of which shall be deemed to be an original and
all of which together shall be deemed to constitute one and the
same Agreement.
IN WITNESS WHEREOF, the undersigned hereby execute this
Agreement on this 30th day of January, 1997.
/s/ Edwin S. Marks
_____________________________
EDWIN S. MARKS
/s/ Edwin S. Marks
_____________________________
NANCY A. MARKS
By: Edwin S. Marks,
Power of Attorney
MARKS FAMILY FOUNDATION
By: /s/ Edwin S. Marks
------------------------
Edwin S. Marks, Trustee
By: /s/ Edwin S. Marks
--------------------------
Nancy A. Marks, Trustee
By: Edwin S. Marks,
Power of Attorney
<PAGE>
This power of attorney shall not be affected by the
subsequent disability or incompetence of the principal.
To induce any third party to act hereunder, I hereby agree
that any third party receiving a duly executed copy or facsimile
f this instrument may act hereunder, and that revocation or
termination hereof shall be ineffective as to such third party
unless and until actual notice or knowledge of such revocation or
termination shall have been received by such third party, and I
for myself and for my heirs, executors, legal representatives and
assigns, hereby agree to indemnify and hold harmless andy such
third party from and against any and all claims that may arise
against such third party by reason of such third party having
relied on the provisions of this instrument.
In Witness Whereof, I have hereunto signed my name and
affixed my seal this First day of December, 1986
/s/ Nancy A. Marks
----------------------------------------(Seal)
(Signature of Principal)
STATE OF New York COUNTY OF New York ss.:
On the First day of December 1986 before me personally came
Nancy A. Marks to me known, and known to me to be the individual
described in, and who executed the foregoing instrument, and She
acknowledged to me that She executed the same.
/s/ Eugenia Sturms
EUGENIA STURMS
NOTARY PUBLIC, State of New York
No. 03-9233525
Qualified in Bronx County
Commission Expires March 30, 1988
<PAGE>
Notice: The powers granted by this document are broad and
sweeping. They are defined in New York General Obligations Law,
Article 5, Title 15, sections 5-1502A through 5-1503, which
expressly permits the use of any other or different form of power
of attorney desired by the parties concerned.
Know All Men by These Presents, which are intended to
constitute a GENERAL POWER OF ATTORNEY pursuant to Article 5,
Title 15 of the New York General Obligations Law:
That I /s/ Nancy A. Marks
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(insert name and address of the principal)
do hereby appoint /s/ Edwin S. Marks
--------------------------------------
(insert name and address of the agent, or
each agent, if more that one is designated)
15 Eagle Point Drive
Kings Point, NY 11024
my attorney(s)-in-fact TO ACT
(a) If more than one agent is designated and the principal
wishes each alone to be able to exercise the power conferred,
insert in this blank the word "severally". Failure to make any
insertion or the insertion of the word "jointly" will require the
agents to act jointly.
In my name, place and stead in any way which I myself could
do, if I were personally present, with respect ;to the following
matters as each of them is defined in Title 15 of Article 5 of
the New York General Obligations Law to the extent that I am
permitted by law to act through an agent:
{Strike out and initial in the opposite box any one or more
of the subdivisions as to which the principal does NOT desire to
give the agent authority. Such elimination of any one or more of
subdivisions (A) to (L). Inclusive, shall automatically
constitute an elimination also of subdivision (M)}
TO STRIKE OUT ANY SUBDIVISION THE PRINCIPAL MUST DRAW A
LINE THROUGH THE TEXT OF THAT SUBDIVISION AND WRITE HIS
INITIALS IN THE BOX OPPOSITE.
(A) real estate transactions;................................[ ]
(B) chattel and goods transactions;..........................[ ]
(C) bond, share and commodity transactions;..................[ ]
(D) banking transactions;....................................[ ]
(E) business operating transactions;.........................[ ]
(F) insurance transactions;..................................[ ]
(G) estate transactions;.....................................[ ]
(H) claims and litigation;...................................[ ]
(I) personal relationships and affairs;......................[ ]
(J) benefits from military service;..........................[ ]
(K) records, reports and statements;.........................[ ]
(L) full and unqualified authority to my attor-
ney(s)-in-fact to delegate any or all of the
foregoing powers to any person or persons
whom my attorney(s)-in fact shall select;................[ ]
(M) all other matters;.......................................[ ]
