No. of 1955. Building Societies. 3 ANTIGUA.

5. The liability of « member of a society in Limitation of
respect of any share upon which no advance-has [ability of
been made shall be limited to the amount actually
paid or in arrear on such share, and in respect of
any share upon which an advance has been made
shall be limited to the amount payable thereon
under any mortgage or other security or under the
rules of the society.

6. With respect to the borrowing of money Power to
by societies the following provisions shall have bo7°w
effect:— oe

(a) a society may within the limits
specified in paragraph (5) or (c) of this
section receive deposits or loans at interest
from the members or other persons, or from
corporate bodies, joint stock companies, or
from any terminating building society, to be
applied to the purposes of the society;

(6) in a permanent society the total
amount so received on deposit or loan and not
repaid by the society shall not at any time
exceed two-thirds of the amount for the time
being secured to the society by mortgayes
from its members;

(c) in a terminating society the total
amount so received and not repaid may either
be a sum not exceeding such two-thirds as
aforesaid, or a sum not exceeding twelve
months’ subscriptions on the shares for the
time being in force;

(d) every deposit book or acknowledge-
ment or security of any kind ‘for a deposit or
loan by a society shall have printed or written
therein or thereon the whole of sections
5 and 6.

7. The rules of every society shall set, Matters to be
forth— set forth in
ort ; the rules,

(a) the name of the society and the
chief office or place of meeting for the
business of the society ;