The Association shall as heretofore meet, for the purpose of [unclear: receiving] subscriptions and other payments, on the first Tuesday in [unclear: very] month, at the Offices of the Association, or at such other place [unclear: as] the Board of Directors may from time to time appoint.

The Chairman, on receiving a written Memorial, signed by share- [unclear: olders] representing, in the aggregate, £10,000 Paid-up, requesting him to convene a general meeting, or a special general meeting of Special general meeting of page 6 the Association shall, within seven days after the receipt of such Memorial, fix the time for such meeting to be held, and direct the Manager to convene the same by advertisement in at least one newspaper circulating in the Canterbury district, fourteen clear days before the time appointed for holding such meeting.

The Annual Meeting of shareholders shall be held in the month of February in each year, when the Annual Report shall first be real and received, and Directors shall then be elected according to Rule V.

Twelve Members shall form a quorum at any Special or General Meeting, and all decisions by a majority of the votes of members present at any meeting in conformity with these Rules shall be binding upon all the members of the Association.