196 Report of Suh-Committee on Compounding Fee. [Aitgust, 



Society will amply meet the requirements of members leaving the country 

 for good, and they would therefore propose that the provisions of Rule 14, 

 A. laying down a composition of Rs. 100 be rescinded. 



V. With reference to the Investment of the Capital acquired by 

 Compounding Fees — 



The Sub-Committee quite agree with the general opinion expressed 

 upon this point by the Council and the former Sub-Committee and would 

 recommend that the capital realised from Compounding Fees shall in each 

 instance be regularly invested by the Treasurer as soon as possible after 

 receipt, and shall not be available towards the current expenses of the 

 Society ; but that the interest may be applied to the general purposes of 

 the Society. 



On these grounds the Sub-Committee would recommend the introduc- 

 tion of the following rules : * 



I. Any member of the Society may, after he has paid his entrance 

 fee, compound for the payment of all future subscriptions as a Non-resident 

 Member by the payment in a single sum of Rs. 300. 



II. Any member already belonging to the Society may at any time 

 compound for his future subscriptions as a non-resident member by the 

 payment of the above compounding fee, less Rs. 10 for each full annual 

 subscription of Rs. 2^ he may have already paid, exclusive of the extra 

 contribution of a resident member. 



III. Resident members wishing to compound shall, in addition to the 

 compounding fees calculated as above, be liable in all cases to pay a quarter- 

 ly subscription equal to the difference between the Resident and Non- 

 Resident rates of subscription, during such time as they shall remain resi- 

 dent. Such additional subscription to be chargeable under the provisions 

 of Rule 9 E. 



IV. The amounts realised by Compounding Fees shall in all cases be 

 regularly invested by the Treasurer as soon as possible after receipt thereof ; 

 and only the interest accruing therefrom shall be considered available for 

 the general expenditm-e of the Society. 



V. In Rule 14 A. instead of the words " commutable into a single 

 payment of Rs. 100" the following should be substituted " commutable 

 into a single payment under the provisions of rule II (of these rules)." 



Sd. R. Tatlok. 



J. O'KlNEALT. 



J. Wateehouse. 



* These rules though adopted in principle have been modified by the Eule Committee, 

 as will he seen at p. 166. Ed. 



