Part 6Banking and lending by societies
Banking
70Section 69: form of statement
1
The statement required by section 69 is to be in the following form (or as near to it as is possible in the circumstances)—
1
Capital of the society—
a
nominal amount of each share;
b
number of shares issued;
c
amount paid up on shares.
2
Liabilities of the society on the relevant date—
a
on judgments;
b
on specialty;
c
on notes or bills;
d
on simple contract;
e
on estimated liabilities.
3
Assets of the society on the relevant date—
a
government securities (stating them);
b
bills of exchange and promissory notes;
c
cash at the bankers;
d
other securities.
2
“The relevant date” is—
a
1 January (for the period beginning with the first Monday in the following February and ending immediately before the first Monday in the following August);
b
1 July (for the period beginning with the first Monday in the following August and ending immediately before the first Monday in the following February).