Source document: https://docs-lawep.s3.us-east-2.amazonaws.com/1698072036211.pdf (Guyana)
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THE CO-OPERATIVE CREDIT BANKS REGULATIONS, 1937.

1 These Regulations may be cited as the Co-0perative Credit Short title.

Banks Regulations, tive Credit Banks Regulations, 1933.
1937, and shall be construed· with_ the Co-opera­ 2.Rule IX (b) of the Rules for Co-operative to the Co-operative Credit Credit Banks in the Banks Regulations, Credit Banks Regulations, 1933, as 1936, is Schedule amended by the Co-operative hereby revoked and the following " (b) Before any dividend New Rule lX (b) snb· stitnted in Principal Regulations.
together Likewise annually therefor substituted :- is declared from the Government, the interest due on plus one-twenty­ shall be deJucted until and paid to the Goverement fund until it equals one-third of that capital from the revenue Bank to the credit with the interest a sum equal paid Ul) by members amounts borrowed fifth part of each amount so borrowed from the Bank's revenue the whole amount borrowed due thereon has been repaid.
to four per centum of the capital shall be deducted the Post Office Savings reserve thereafter capital two-thirds of that capital.

Where annually the amount to the credit of the Bank's reserve fund exceeds the excess may for the business with the approval of the Bank.

'rhe annual expenses of management shall in no case exceed fifty per centum of the Bank's annual revenue.
of the paid up capital, of the Board be utilized shall be so deducted and paid into the reserve and paid into of the Bank's a sum equal to two per centu.n until it equa.ls one-third of the paid up fu1Jcl and Made by the Governor the Co-operative this fourteenth in Coiincil under section 38 of Credit Banks Ordinance, 1933, day of Decernber, Hl3i.

(M.P.

2/13/6) GEO.

0.

GREEN, Clerk to the Executive Council.