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The Pamphlet Collection of Sir Robert Stout: Volume 7
Interest on Investment Shares
Interest on Investment Shares.
12. Interest shall be allowed on investment shares at the rate of seven pounds per centum per annum.
At the close of the third financial year of the Society, and of each succeeding year, all shares of three years' standing shall be entitled to an equable proportion of three-fourths of the profits, which shall be annually added to their value, but no profits shall be allowed on any fractional part of a year. The remaining one-fourth shall be carried to the credit of a fund to be called "The Reserve Fund."
The annexed table (which shall be considered as forming part of these Rules) shows the value of one investment share at every monthly meeting of the Society until it is of the value of £25, exclusive of the profits; and any member withdrawing will receive the amount stated therein, together with any profits to which, by the Rules, he may be entitled.
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Table of Investors' Scale of Payments. Ultimate Value of Shake, £25.
Computed at 7 per cent. Compound Interest.