The law of friendly societies, and industrial and provident societies, with the acts, observations thereon, forms of rules etc., reports of leading cases at length, and a copious index

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Monograph

Identifikator:: 875232663

URN:: urn:nbn:de:zbw-retromon-2698

Document type:: Monograph

Title:: The law of friendly societies, and industrial and provident societies, with the acts, observations thereon, forms of rules etc., reports of leading cases at length, and a copious index

Place of publication:: with the acts, observations thereon, forms of rules etc., reports of leading cases at length, and a copious index$gTenth edition, revised and enlarged

Publisher:: Shaw and Sons

Year of publication:: 1881

Scope:: 1 Online-Ressource (XII, 303 Seiten)

Digitisation:: 2017

Collection:: Economics Books

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INTRODUCTION. 39 has an even larger business, and acts as the hanker of the smaller stores throughout the country. The first named society has been also the occasion of an amendment in the Inland Revenue Acts (see Part III., post), by which societies having limited shares and dealing with the public are exempted from the arrangement made by section 11 (4) of the Industrial and Provident Societies Act, 1876, for enforcing the liability to income tax against the member directly instead of through the society. 74. An Industrial and Provident (frequently called “ Co-operative ”) Society is defined by the Act to be a society for carrying on any labour, trade, or handicraft, including the buying and selling of land and the business of banking, and the interest of any member in the shares (or funds) of such a society is limited to £200. The shares may be either all withdrawable or all transferable, or some shares may be transferable and others withdrawable; but no society carry ing on the business of banking may have any withdrawable capital. A society may, however, take deposits of not more than 5.?. in any one sum, nor more than £20 from any one person, without being deemed to be carrying on the busi ness of banking. A society for banking must keep a half-yearly statement of its funds always hung up at every place where it carries on business. 75. The number of Industrial and Provident Societies recorded as in existence in the last Report of the Chief Registrar was 1,028, of

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