INTRODUCTION. 31 inspection of books, and settlement of disputes. Alterations of rules are not valid until registered. Every person is entitled to a copy of the rules of a society on payment of Is.; and the delivery of untrue rules is a misdemeanor. 56. Every registered society has the following duties and obligations - 1. The having a registered office. 2. The appointment of trustees. 3. The audit of accounts. 4. The sending annual returns to the Registrar. 5. The allowing members or others interested to inspect the books. 6. The supplying a copy of the annual return gratuitously to every member or person interested. Every registered society neglecting any of these duties is guilty of an offence under the Act, and every officer or member of the committee party to such neglect commits a like offence, and every offence constitutes a new offence in every week during which it continues. This is an important provision, as it renders an offence punishable even though six months have elapsed from the date at which it was first committed. 57. Every registered society has the following privileges:— 1. Exemption from the penalties of the cor responding Societies Acts. 2. Exemption from stamp duty. 3. Transfer of stock by order of the Registrar.