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The Pamphlet Collection of Sir Robert Stout: Volume 7

[Amendments to society rules]

As passed at a general meeting of members held at Spensley's Hall, Christchurch, on the 5th July, 1875.

As to Rule 16.—By inserting the words "seven days" after the word "candidate" on the sixteenth line thereof.

As to Rule 41.—By striking out all the words after the word "advances" on the fourth line thereof.

That the following new Rules be made :—

That the Directors shall have power from time to time at discretion so substitute for the Table of Monthly Re-Payments contained in Rule No. 32, either of the sub-joined Tables of Re-Payments; and also, at the like discretion, to return to the said Table so contained in Rule 32, as aforesaid; and that borrowers of the funds of the Society shall make the said re-payments according to the table at the time of the advance being made, declared by the Directors to be in force.

That all existing Rules of the Society shall apply, and all Mortgages which may hereafter be executed by any borrower from the Society shall be framed, and made applicable to loans repayable under the said altered tables so, for the time being in force, as aforesaid.

Every member of the Society shall pay a fee of sixpence for each share held by such member for working expenses, to be called the "working expenses fee." Said fee to be paid at the first monthly meeting after the annual general meeting in each year.

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No. 2 Loan 6 Years 8 Years 10 Years 12 Years £ £ s d £ s d £ s d £ s d 25 8 7 6 11 6 0 5 5 50 17 2 13 10 12 0 10 10 75 1 5 9 1 0 9 18 0 16 3 100 1 14 4 1 7 8 1 4 0 1 1 8 125 2 0 11 1 14 7 1 10 0 1 7 1 150 2 11 6 2 1 6 1 16 0 1 12 6 175 3 0 1 2 8 5 2 2 0 1 17 11 200 3 8 8 0 15 4 2 8 0 2 3 4 No. 3 Loan 6 Years 8 Years 10 Years 12 Years £ £ s d £ s d £ s d £ s d 25 8 10 7 3 6 3 5 8 50 17 8 14 6 12 6 11 4 75 1 6 6 1 1 9 18 9 17 0 100 1 15 4 1 9 0 1 5 0 1 2 8 125 2 4 2 1 16 3 1 11 3 1 8 4 150 2 13 0 2 3 6 1 17 6 1 14 0 175 3 1 10 0 10 9 2 3 9 1 19 8 200 3 10 8 2 18 0 2 10 0 2 5 4

TABLES OF MONTHLY RE-PAYMENTS OF ADVANCES (PRINCIPAL AND INTEREST)

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We, the undersigned, members of the Mutual Benefit Building and Investment Society of Canterbury (Permanent), do hereby approve of the foregoing Amended Rules and Tables, and request that the same may be certified according to law.

Lud. Bergh Daniel Mcguinness Peter Hyndman J. A. Bird, Secy.