Provisions to be contained in rules.

(1.) The rules of every society sent for registry shall, according to the class in which the society is to be registered, contain provisions in respect of the several matters mentioned in the Second Schedule to this Act.^*

(2.) In addition to the matters mentioned in the said Second Schedule, the rules of every such society shall provide that all moneys received or paid on account of each and every particular fund or benefit assured to the members thereof, their husbands wives children fathers mothers brothers or sisters nephews or nieces, for which a separate table of contributions payable shall have been adopted, shall be entered in a separate account distinct from the moneys received and paid on account of any other benefit or fund, and also that a contribution shall be made to defray the necessary expenses of management, and a separate account shall be kept of such contributions and expenses.*