II.—Entrance Fee, Expense of Management, and Admission of Members.

Every Member of the Society holding capital or investment shares shall pay an entrance fee of Two Shillings and Sixpence per share taken up and also One Shilling additional on entrance and on the monthly payment day in March of each succeeding year in advance for working expenses in respect of each and every share held by such Member whether such share shall have been realised or not: Provided always that persons withdrawing investment shares for the purpose of taking up capital shares with the monies received on so withdrawing shall not be liable to pay entrance fees on such capital shares.

Minors (with the consent of the parents or guardians) may become investing members of the Society but shall not be allowed to vote or hold any office and may sell out or withdraw, and their receipt or that of their parents or guardians on their behalf shall be good discharge to the Society for all monies therein expressed to be received, and such parents or guardians may vote at meetings.

Females may also become Members and shall be entitled to vote but not to hold any office.