Act mentioned shall be deemed to be a society estab-. lished under such Act from the registration of such society under the provisions of the recited Act or of this Act.

12. Exemption from income tax.-A society registered under this Act, and not allowing any member thereof to hold or claim any interest therein or moneys therefrom exceeding in value the sum of two hundred pounds, shall not be chargeable with the duty under Schedule (C). or Schedule (D). of the Income Tax Acts provided that the above exemption shall not be construed to relieve any member of such society, or person employed by such society, to whom any portion of the profits of the society shall be paid, from assessment to the said duties in respect of such payment in any case in which the total income of such member or other person, inclusive of his portion of the said profits, shall amount to the sum of one hundred pounds or upwards.

13. Lists to be returned to commissioners for special purposes containing the names, &c., of persons entitled to profits. The secretary or other managing officer of any society registered under this Act shall, within twenty-one days after the sixth day of April in every year, transmit to the commissioners for special purposes of the Income Tax Acts a list containing the name and residence of every member of such society or other person to whom profits made by the society have been paid or shall be payable within or for the year ended on the fifth day of April preceding, and the amounts paid or payable to each member or other person, and thereupon the special commissioners shall take the necessary steps for charging the said duties, under the regulations of the Income Tax Acts, on such of the said persons as may be liable thereto; and any secretary or other officer of any such society who shall neglect to make out and deliver to the commissioners for special purposes, within the time specified

by this Act, a list containing the particulars hereby required, shall forfeit and pay the sum of fifty pounds, to be recovered in like manner as penalties imposed for like default by the Income Tax Acts.

14. Short title.-The recited Act, so far as it is not hereby repealed, shall be incorporated with this Act, and may be cited with it as the "Industrial and Provident Societies Act, 1867, and the schedule hereto annexed shall be substituted for the schedule thereto; all societies registered under the recited Act shall be taken to be registered under this Act; and in construing the recited Act and this Act provisions relating to the rules or name of any society shall apply to the registered rules and name thereof for the time being, and "the registrar" shall mean the registrar of friendly societies for England, Scotland, or Ireland, according to the place where the office of the society is situate.

SCHEDULE REFERRED TO IN THIS ACT.

Of matters to be provided for by the Rules of Societies established under this Act.

1. Object, name, and place of office of the society.

2. Terms of admission of members.

3. Mode of holding meetings and right of voting, and of making or altering rules.

4. Determination whether the shares or any number thereof, shall be transferable, and in case it be determined that the shares, or any number thereof, shall be transferable, provision for the form of transfer and registration of shares, and for the consent of the committee of management and confirmation by a general meeting of the society; and in case it be determined that the shares shall not be transferable, provision for paying to members the balance due to them on withdrawing from the society. 5. Provision for the audit of accounts.

6. Determination whether and by what authority any part of capital may be invested in or on the security of another society,

provided that no such investment be authorized in any society not registered under this Act or under the Companies Act as a company with limited liability.

7. Determination whether and how members may withdraw from the society, and provisions for the claims of executors, administrators, or assigns of members, and for paying nominees in the case herein mentioned.

8. Mode of application of profits.

9. Appointment of managers and other officers, and their respective powers and remuneration.

10. Provisions for the custody, use, and device of the seal of the society, which shall in all cases bear the registered name thereof.

FORMS OF CERTIFICATE TO BE GIVEN UNDER THIS ACT.

Certificate of Registration of a Society.

I,, registrar of friendly societies in [England, Scotland, or Ireland], hereby certify that the Society, Limited, established at in the county of is registered under the Industrial and Provident Societies Act, 1867. Given under my hand this day of

18-.

Registrar of friendly societies.

Certificate to follow Rules upon the Registration of a Society established under this Act.

I hereby certify that the foregoing rules of the Society, Limited, are in conformity with law, and that the said society is duly established from the present date, and is subject to the provisions and entitled to the privileges of the Acts relating to industrial and provident societies.

day of

18-.

Registrar of friendly societies.

Certificate of Alteration of Rules.

I, registrar of friendly societies in [England, Scotland, or Ireland], do hereby certify that the foregoing alterations of [or additions to] the rules of the Society, Limited, established at , in the county of -, are in conformity with law, and are registered from the present date under the Industrial Societies Act.

Given under my hand this

day of 18-. Registrar of friendly societies.

I,

Certificate of Changed Name.

registrar of friendly societies in [England, Scotland,

or Ireland], hereby certify that the registered name of the Society, Limited, established at in the county of

is

changed from the date hereof to the name following, Society, Limited, and is in accordance with the Industrial and Provident Societies Acts.

Given under my hand this

day of

Registrar of friendly societies.

FORM OF DECLARATION TO ACCOMPANY ALTERATIONS OF OR ADDITIONS TO RULES.

Register No.

Society,

(State street, parish Limited, established at

and county of place

of business.)

of

I, the clerk (a) of the above-mentioned society, do solemnly and sincerely declare that in the altering, amending, or rescinding the rules of the said society, or making new rules (as the case may be), the rules of the said society have been duly complied with.

And I make this solemn declaration, conscientiously believing the same to be true, and by virtue of the provisions of an Act made and passed in the fifth and sixth years of the reign of His late Majesty King William the Fourth, intituled "An Act to repeal an Act of the present session of Parliament, intituled 'An Act for the more effectual Abolition of Oaths and Affirmations taken and made in various Departments of the State, and to substitute Declarations in lieu thereof, and for the more entire Suppression of voluntary and extra-judicial Oaths and Affidavits;' and to make other Provisions for the abolition of unnecessary Oaths."

34 & 35 VICT. CAP. 80.

An Act to explain and amend the law relating to Industrial and Provident Societies.

[16th August, 1871.]

WHEREAS by "The Industrial and Provident Societies Act, 1867," s. 4, it is enacted, that upon such certificate as therein mentioned being granted to a society by the registrar of friendly societies in England, Scotland, or Ireland, the members of such society shall become a body corporate by the name therein described, having a perpetual succession and a common seal, with power to purchase, erect, and sell and convey, or to hold lands and buildings with limited liability :

And whereas doubts have arisen as to the operation of the said provision, and it is expedient to remove the same, and also to amend the said Act, for the giving better effect to the said provision, and for the purposes after mentioned:

Be it enacted by the Queen's most excellent Majesty, by and with the advice and consent of the Lords spiritual and temporal, and Commons, in this present parliament assembled, and by the authority of the same, as follows:

:

1. Power to build, sell, lease, mortgage, &c.-The rules of any industrial or provident society may provide from time to time for the erection of any houses, cottages, or other buildings on any lands from time to time held by the society, and for the altering or pulling down and again rebuilding of any buildings, whether erected by the society or otherwise vested in it; and for the management, laying out, leasing, and subleasing (whether at rack-rent on building, mining, quarrying, or improving leases, or otherwise howsoever, and whether to members of the society or other persons), and for the disposal and sale from time to time, whether to members or other persons, of any lands or buildings for the time being held by the society; and for the appropriation of the purchase