The Pamphlet Collection of Sir Robert Stout: Volume 7
Expenses of Security how Paid
Expenses of Security how Paid.
35. All expenses incurred by the Society, or by any of its officers, in respect of the conveyance to members of property purchased by them, and also in respect to any property mortgaged or offered as security by any member, which shall be paid out of the Society's funds in the first instance, the same shall be charged to and repaid by the member at the first subsequent monthly meeting; or the Board may, in its discretion, allow the amount to be repaid by such number of monthly instalments as they may determine, with interest at the rate of 10 per cent, per annum, the first of such instalments to become due and payable at the first subsequent meeting to such expenses having been incurred.