4

If at the end of any year the funds held by a branch board exceed—

a

£1,800 where the number of subscribing members is less than a hundred;

b

£18 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 one thousand;

c

£9,000 where the number of subscribing members is five hundred or more or, in the case of the metropolitan police force, £18,000 where the number of such members is one thousand or more,

the board may pay such amount of the excess as they think fit to the joint branch board and shall pay the remainder of the excess (if any) to the appropriate central committee.