TRANSACTIONS OF SECTION M. 78] 
of such produce and he shall be debited with such price accordingly in the 
books of the partnership as if the same were a drawing in anticipation of his 
share of the nett profits of the farm. 
11. The expenses of repairs alterations and improvements and insurances 
against loss or damage by fire or otherwise of or to the said farmhouse and any 
buildings from time to time belonging to or used for the purposes of the farm 
and any crops cattle or stock so belonging or used and all rates taxes tithes 
assessments and other outgoings for or in respect of the farm and the salaries 
wages and shares of profits for the time being payable in respect of services 
to all persons employed on or in connection with the farm and all expenses 
losses and damages which shall be incurred in carrying on the farm or anywise 
relating thereto shall be paid out of the receipts and earnings of the farm and 
in case of deficiency thereof then by the said partners in equal shares or in such 
other shares as may from time to time be agreed upon between them. 
12. The partners shall be entitled to the nett profits of the farm after making 
the payments last aforesaid in the same shares and proportions as_ their 
respective shares in the capital of the partnership for the time being and such 
nett profits shall be divided between them as soon after the end of each year 
of the partnership as the general annual account shall have been taken and 
settled as hereinafter provided, and for the purposes of this clause each partner 
shall be credited in the partnership books with the nominal sum of 
as part of the capital contributed by him in addition to the value of the stock 
and plant to be credited to him as mentioned in clause 5 hereof and in 
addition to any sum or sums of money which shall from time to time 
have been actually contributed by him for cultivating or otherwise for the 
purposes of the farm but it shall be lawful for the Tenant on or at 
any time within one calendar month after the day hereinafter fixed for taking 
the said general account in every year of the partnership to pay to the Land- 
lord all or any part of the moneys which shall for the time being have been 
actually contributed by the Landlord for cultivating or otherwise for the 
purposes of the farm (but so that not less than be so paid at any 
one time) and the Landlord shall accept such payment and thereupon the share 
of the Tenant in the said partnership shall be proportionately increased and the 
share of the Landlord therein shall be proportionately reduced. 
13. At any time after the day of in every year 
during the partnership the Landlord shall be at liberty to draw and to be paid 
in anticipation of his share of nett profits and to be accounted for at the next 
yearly division of profits such a sum as shall be equivalent to half a year’s 
interest at the rate of four per cent. per annum on his share in the capital 
of the partnership for the time being and the Tenant shall be at liberty by 
monthly drawings or otherwise to draw in anticipation of his share of nett 
profits and to be accounted for at the next yearly division of profits sums not 
exceeding : during such year but in case in any year the amount 
so drawn out by either partner shall on taking the general account be found 
to be in excess of his share of the nett profits then immediately after such 
account shall have been taken and settled the excess so drawn out shall be 
refunded without interest. 
14. On the day of and on every subsequent 
day a general account shall be taken of the assets and liabilities 
of the partnership and of all dealings and transactions of the partnership 
during the then preceding year or in the case of the first of such accounts 
since the commencement of the partnership and of all matters and things 
properly comprehended in farm accounts and in taking such account a 
just valuation shall be made of all items requiring valuation. Such general 
account shall be entered in a book which shall be signed by both the Tenant 
and the Landlord or his Agent duly authorised in that behalf and when so 
signed shall be binding on both the partners, save that if any manifest error 
shall be found therein and signified by either partner to the other within six 
calendar months’ after such signature the same shall be rectified. 
15. Upon the determination of the partnership a full and general account of 
the assets liabilities and transactions of the partnership shall be taken and the 
assets and property of the partnership shall belong to the partners in the shares 
in which they are respectively entitled to the profits of the partnership subject 
