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3. For Regulation 16(4) of the principal Regulations (subscriptions etc.) there shall be substituted the following provision:—
“(4) If at the end of any year the funds held by a branch board exceed—
(a)£600 where the number of subscribing members is less than a hundred;
(b)£6 for each subscribing member, where the number of such members is a hundred or more but less than five hundred or, in the case of the metropolitan police force, a hundred or more but less than a thousand;
(c)£3,000 where the number of subscribing members is five hundred or more or, in the case of the metropolitan police force, £6,000 where the number of such members is one thousand or more,
the board shall pay the excess to the appropriate central committee and, after making such payment, may pay such sum as they think fit to the joint branch board.”
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