1. As often as the funds of the Society shall amount to a share, or to a sum of £60 (or by anticipation, that is, before the funds actually amount to that sum, if the Committee so determine), the same shall be awarded to the highest bidder, by auction, at a monthly general meeting.

2. The Committee shall have power to grant an additional quarter or half share, at the same premium, if required by the purchaser. The sale or bidding for shares shall commence at eight o'clock p.m., in exclusion of all other business.

3. Whenever a member having subscribed for a share or shares in the Society shall purchase out the same, and shall be unable to satisfy the Committee with a Security therefor within one month after the purchase of the said share or shares, the redemption money on the same shall cease to be payable after one month, or such longer period as the said purchaser shall elect, when the Committee shall have power either to declare the said purchase cancelled or to re-sell the said share or shares at the next Monthly Meeting.

4. Whenever a member shall purchase a greater number of shares than he shall have previously subscribed for, such purchaser shall immediately pay the sum of ten shillings per share to the Stewards, and in default of the member providing security for such share or shares to the satisfaction of the Committee, within twenty-eight clays, the said sum of ten shillings each share shall he forfeited, and the Committee shall have power either to declare the said purchase cancelled or to re-sell the said share or shares at the next Monthly Meeting.

5. Any loss that may be sustained by the Society in consequence of the re-sale of any shares, shall be immediately paid by the first purchaser of the share or shares, or be charged to his or her account, and subjected to the same fines as would be payable upon subscriptions in arrear for a similar amount.