Clause 1. The funds of the Society shall be primarily invested on the Mortgage of freehold and leasehold property and the Board of Directors shall from time to time by resolution declare under which of the four Tables A. B. C. and D. they are prepared to receive applications.

Clause 3. When the Board of Directors shall consider it necessary they shall give publicity to the amount of money at their disposal for investment, and the same shall be offered to the Shareholders in the order in which their applications are page 3 numbered. Each applicant shall give to the Manager a schedule, in accordance with the Form B appended to these Rules, setting forth his name, the amount required by him, full particulars of the nature and situation of the property offered as security, and at what rate per share per month, per three months, or per six months, he desires to repay to the Society the principal and interest of such loan, and shall in addition to the entrance fee lodge with the Manager a sum of one pound per centum as a deposit and in part payment of the moneys payable on such advance; and on such application being granted in full or in part, then he shall commence at the next monthly pay day subsequent to such application; or if the payments are three monthly or six monthly, then he shall commence at the next quarterly or half-yearly pay day as next hereinafter provided, as the case may be, to pay such sum per share per month, per three months, or per six months, as may be agreed upon; in terms of one or other of the subjoined Tables A. B. C. and D, which Tables shall be considered as forming part of these Rules, and such payments shall be made by such applicant whether his Mortgage shall have been executed or not. Provided that in the case of re-payments by quarterly or half-yearly instalments, if the first quarterly or half-yearly payment shall fall due within the period of three or six months from the date of such loan being completed, then the borrower shall be allowed interest, at the rate of £6 per centum per annum, upon the amount of such first payment for a period of time to be calculated from the quarterly or half-yearly pay-day next preceding such completion.

Clause 4, Tables.

Table A. Borrowers' Scale of Repayments.

This Table shows the Weekly, Monthly, Quarterly, or Half Yearly Repayments of Loans, from £25 to £250, including Principal and Interest, extending over a period of 6¼ years.

Loans can also be effected for less than 6¼ years or to extend to 12 years on terms to be agreed in accordance with Rule XXII.

Table B.

This Table shows the Monthly Repayment of Loan from £25 to £250, including Principal and Interest extending over a period of from, One to Twelve Years.

Table C.

This Table shows the Monthly Repayment of loans from £25 to £250, including Principal and Interest extending over a period of from One to Twelve Years.

Table D.

This Table shows the Monthly Repayment of Loans from £25 to £250, including Principal and Interest, extending over a period of from 1 to 12 years.

The foregoing amended Rules, as on pages 1 to 5, were passed and adopted as the Rules of the "Permanent Equitable Building and Investment Society of Wellington," on the twelfth day of January, 1875.

These are the Amended Rules, marked "A," referred to in the annexed Affidavit of Thomas Kennedy Macdonald, sworn this tenth day of May, 1875, before me,

I hereby certify that the foregoing Amended Rules of the Permanent Equitable Building and Investment Society of Wellington, are in conformity with law and the provisions of the Building and Land Societies Act 1866 and the amendments thereto.

Dated this 28th day of May, 1875.