1. In furtherance of the objects of the Society it shall be lawful for the Board of Directors to receive monies on deposit in such sums, for such periods, and at such rates of interest, as they may direct; and for any sum or sums so deposited together with the interest which may become due and payable thereon, the funds arising from the payments by the Members of this Society, and all the property for the time being vested in the Trustees of the Society, shall be a security for the repayment of the said deposits and interest thereon.

2. The Board of Directors shall prepare regulations for the efficient management of the Deposit Account and shall from time to time determine the rate of interest to be allowed on deposit.