Section 31 · Prized subscriber to furnish security

Every prized subscriber shall, if he has not offered to deduct the amount of all future subscriptions from the ¹[net chit amount] due to him, furnish, and a foreman shall take, sufficient security for the due payment of all future subscriptions and, if the foreman is a prized subscriber, he shall give security for the due payment of all the future subscriptions to the satisfaction of the Registrar.

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