Clause 1, Rule 13, Investment Shares.

1. Investment Shares shall be of the ultimate value of £50, and Half Shares of the ultimate value of £25; and no member shall hold in his own right more than 100 Shares. Every member holding an Investment Share shall pay on each such share the sum of 2s. 6d. per week, or 10s. 10d. per month, until such share with interest and profits added shall be of the value of £50, and the holder of every half share shall pay on each such half share the sum of 1s. 3d. per week, or 5s. 5d. per month, until such share with interest and profits added shall be of the value of £25. The payments shall be made at the offices of the Society between the hours of ten and three in the clay, and the monthly payment not later than the third Monday in each month. Every member neglecting to pay the amount of his subscription by the due date shall be fined for each share or half share as follows:—3d. for the first month; 6d. for the second month; 9d for the third month; Is. for the fourth month, and so in proportion for any longer period. Every member continuing to neglect the payment of his weekly or page 2 monthly subscriptions until the fines incurred thereby shall equal all the moneys invested by him, exclusive of the entrance and other fees, shall thereupon cease to be a member of the Society, and shall forfeit his interest therein. If any member shall be in arrear in respect of his subscriptions or fines for more than one month, every payment that shall afterwards be made, if not sufficient to discharge the whole thereof, shall be applied first to the liquidation of fines, afterwards for the first monthly subscription due, and then in discharge of each subscription in arrear.