Any member desirous of withdrawing his investment shall be allowed to do so on giving three months' notice thereof, in writing, to the Manager. Provided always, that the total amount to be so withdrawn during any given period may from time to time be limited by the Board of Directors.

Should several members give notice to withdraw at one time, they shall be paid in rotation, according to the priority of notice: provided always, that the representatives of deceased members shall have precedence, and after them, the holders of shares which have been paid up to £50.

All amounts due and fines incurred previously to the notice of withdrawal shall be deducted from the amount of which the member may be entitled to receive.