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The Pamphlet Collection of Sir Robert Stout: Volume 7

Payment Of Subscriptions

Payment Of Subscriptions.

8. Every person taking shares in the society shall, in addition to the entrance fee before named, pay on every fourth Monday (or such other days as may be substituted for it by the Board) as subscription on each investing share the sum of 2s 6d, in advance, such payment to be made at the office of the Society, subject to the fines hereinafter specified, until the subscription, interest, and bonus, as further provided for in these Rules, have accumulated to £25 for each share, when the payment shall cease, and the amount of £25 shall be paid to the shareholder, and his connection with the Society, so far as such share is concerned, shall cease and determine. Shareholders making payments in advance for a period of not less than six months shall be allowed such rate of interest as the Board may from time to time determine. It shall be lawful for the Board to appoint agents in various places for receiving subscriptions and all other payments due according to these Rules; and the Secretary shall be empowered to receive moneys at the Society's offices daily, but all such payments shall only be considered as received for the ensuing monthly meeting.