FOB AN INDUSTRIAL AND PROVIDENT SOCIETY. 273
place of abode, and profession or business of tbe proposed
transferee, and the numbers of each share to be transferred,
and the consideration to be paid for the transfer. All
transfers shall be in the form in the schedule to these rules.
[No member shall withdraw from the society except by
transfer of his shares.]
7 (6).—Withdrawal of Members.
No [withdrawable] shares shall be transferable; but any
member who has paid up all his subscriptions [on his withdrawable
shares] may withdraw from the society on giving
months’ notice in writing to the secretary of his
intention; and any member may withdraw without paying
up all his subscriptions with the consent of the committee
of management. Upon the withdrawal of any member lie
shall receive payment of the balance then standing to his
credit in the books of the society, with all arrears of dividend
and profits, if any, within months after such
withdrawal. Any member having participated in the profits
shall, in case of withdrawal, forfeit such sum not exceeding
, as the said committee may think proper; such
forfeits to go to the funds of the society.
Members may withdraw any sum above £ ,
according to the following scale, of notice :—
£
£
£
£
to £
}>
on application to the said committee.
weeks.
1)
??
£
£
£
to £
weeks.
No money is to be withdrawn during the first twelve
months except in cases of distress.
A member being in distress may withdraw any sum he
may have in the funds of the society above £2, at the
discretion of the said committee.
8.—Audit of A ccounts.
The committee of management shall cause the accounts
of all business carried on by the society to be regularly
entered in proper books.
(b) If tlie shares are not to be transferable, then this rule will
have to be adopted instead of 7 (n), but not both rules, except in
the case where some of the shares are to be transferable only and
the remainder withdrawable only.
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