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158 39 & 40 Vict. Cap. 45, s. 10.
unless lie be an officer of tbe society, or be
specially authorized by a resolution thereof, shall
have the right to inspect a loan or deposit account
of any other member without the written consent
of such member:
i(/.) Supplying copies of annual returns.—Supply gratui
tously to every member or person interested in
the funds of the society, on his application, a copy
of the last annual return of the society for the
time being:
{g.) Balance sheet, Joe., to he hung up at office.—Keep a
copy of the last balance sheet for the time being,
together with the report of the auditors, always
hung up in a conspicuous place at the registered
office of the society.
(2.) Provisions as to hanlcing.—The following provisions
shall apply to the business of banking by societies (a)—
(a.) No society which has any withdrawable share capital
shall carry on the business of banking:
(b.) Every society which carries on the business of bank
ing shall, on the first Mondays in February and
August in each year, make out and keep con
spicuously hung up in its registered office, and
every other place of business belonging to it, a
statement in the form in the third schedule hereto
annexed, or as near thereto as the circumstances
admit (6):
(c.) The taking deposits of not more than five shillings
in any one payment, nor more than twenty
pounds for any one depositor, payable on not less
than two clear days’ notice, shall not be included
in the business of banking within the meaning of
(а) The business of banking is for the first time permitted by
tliis Act to be carried on by an industrial and provident society.
It was expressly excepted from the trades allowed to be carried
: on under the Act of 1862. (25 & 26 Vict. c. 87> s. 3.)
(б) This statement is similar to that required by the Com
panies Act, 1862, to be made by a banking company.