418

Banking and
certain other
companies to
publish
periodical
statement,

Ch. 31. No. 1.] Companies.

who is in default shall be liable to a fine of one hundred
dollars, and if, where any person makes a demand for a
document with which he is by virtue of paragraph (6) of
this subsection entitled to be furnished, default is made in
complying with the demand within seven days after the
making thereof, the company and every director, manager,
secretary or other officer of the company who is knowingly
a party to the default shall be liable to a fine of twenty-five
dollars for every day during which the default continues
unless it is proved that that person has already made a
demand for and been furnished with a copy of the document.

(2) In the case of a company being a private com-
pany, any member shall be entitled to be furnished, within
seven days after he has made a request in that behalf to the
company, with a copy of the balance sheet and auditors’
report at a charge not exceeding twelve cents for every
hundred words.

If default is made in furnishing such a copy to any
member who demands it and tenders to the company the
amount of the proper charge therefor, the company and
every officer of the company who is in default shall be liable
to a default fine. .

129. (1) Every company, being a limited banking com-
pany or an insurance company or a deposit, provident, or
benefit society, shall, before it commences business, and also
on the first Monday in February and the first Tuesday in
August in every year during which it carries on business,
make a statement in the form set out in the Seventh
Schedule to this Ordinance, or as near thereto as circum-
stances admit.

(2) A copy of the statement shall be put up in a
conspicuous place in the registered office of the company,
and in every branch office or place where the business of the
company is carried on.

(3) Every member and every creditor of the
company shall be entitled to a copy of the statement, on
payment of a sum not exceeding twelve cents.

(4) If default is made in complying with this
section the company and every director and manager of the
company who knowingly and wilfully authorises or permits