FOR  AN  INDUSTRIAL  AND  PROVIDENT  SOCIETY.  275
•deposit  remains  unsatisfied.  [If  the  society  is  to  carry  on
the  business  of  banking,  it  should  be  so  stated  in  rule  1
and  suitable  provision  made  for  such  business,  as  well  as
for  the  keeping  the  half-yearly  statement  required  by  the
Act  hung  up  at  all  places  of  business.  A  society  for  carrying ­
  on  the  business  of  banking  cannot  have  withdrawable
•capital.]

11.—Publication  of  Name.
The  name  of  the  society  shall  be  kept  painted  and
affixed  on  the  outside  of  every  office  or  place  in  which  the
business  of  the  society  is  carried  on,  in  a  conspicuous
position,  in  letters  easily  legible,  and  shall  be  engraven  in
legible  characters  on  its  seal,  and  shall  be  mentioned  in
legible  characters  in  all  notices,  advertisements,  and  other
official  publications  of  the  society,  and  in  all  bills  of  exchange, ­
  promissory  notes,  indorsements,  cheques,  and
orders  for  money  and  goods,  purporting  to  be  signed  by  or
■on  behalf  of  the  society,  and  in  all  bills  of  parcels,  invoices,
receipts,  and  letters  of  credit  of  the  society.—Industrial
•and  Provident  Societies  Act,  1876,  s.  10.  (1  b.)

12.—Inspection  of  Books.
The  books  and  accounts  of  the  society  shall  be  open  to
the  inspection  of  any  member  or  person  having  an  interest
in  the  funds  of  the  society,  at  all  reasonable  times,  at  the
registered  office  of  the  society,  or  at  any  place  where  the
same  are  kept,  subject  to  such  regulations  as  to  the  time
and  manner  of  such  inspection  as  may  be  made  from  time
to  time  by  the  general  meetings,  and  it  shall  be  the  duty
•of  the  secretary  to  produce  them  [except  that  no  such
member  or  person,  unless  he  be  an  officer  of  the  society,  or
be  specially  authorized  by  a  resolution  of  the  society  to  do
so,  shall  have  the  right  to  inspect  the  loan  or  deposit
account  of  any  other  member  without  the  written  consent
of  such  member.]—Industrial  and  Provident  Societies  Act.
1876,  s.  10.  (1  e.)

13.—Application  of  Profits.
The  net  profits  of  all  business  carried  on  by  the  society,
after  paying  or  providing  for  the  expenses  of  management,
interest  on  money  borrowed,  and  dividends  upon  paid  up
subscriptions,  shall,  once  in  eveiy  half-year,  be  applied,  in