II.—Objects of the Association.

(B) By Shares in monthly instalments, they allowing their pay-[unclear: ments] to accumulate at interest and profit until they amount to £50, [unclear: then] they shall be repaid to Shareholders.

(2) To grant loans of money to members upon the, security of free-[unclear: hold] and leasehold properties, and upon B Investment shares, they [unclear: repaying] the sum borrowed, with interest thereon, by monthly, [unclear: quarterly,] or half-yearly payments extending over a series of years, rom two to fourteen years, at the option of the borrower, and in [unclear: accordance] with the tables referred to in these Rules, such payments [unclear: to] be secured as provided by the Rules of the Association.