 Rolls Razor Ltd owed £484,000 to Barclays Bank Ltd.It still needed more money to pay a dividend, which it had declared to its shareholders on 2 July 1964.Quistclose Investments Ltd agreed to a loan of £209,719 8s 6d on the conditions that the dividend would be paid with it and the money would be put in a separate account (also with Barclays Bank).