Form No. 13 [5*], Cash Book

(Every page ruled alike.)

Form No. 14 [6*], Treasurer's Ledger

Form No. 15, Annual Account Book

Both these forms are books of the ordinary ledger ruling.

Form No. 17 [31], Deposit Book

(The following would be printed on Cover)
MONTHLY CONTRIBUTION Book

No.

This Book must be brought or sent with the Monthly Contribution every time, or the Money cannot be received.

The Contributions are to be paid on the
Month, at the
between the hours of
Every Member being in Arrear for

Months, shall pay a Fine equal to

in every

Months, but not exceeding part of every

Monthly Payment so due; and every Member being in Arrear for
Months, but not exceeding

Months, shall pay a Fine equal to

part of every Monthly Payment so due; and if all Arrears and Fines be not paid and discharged before the expiration of the Month, every

Member so offending shall forfeit every Claim, Allowance, and Benefit assured in any Share or Shares which may not have been exempted from Forfeiture by the full redemption of the Monthly Contributions relating thereto. (And each page would be ruled as under, each division

Form No. 18 [33], Register of Sickness and Mortality

tion.

s. d.

s. d.

d.

8.

d.

8.

d.

d.

S.

d.

8.

d.

8.

d.

8.

d.

Weekly
Amount.

Weekly
Amount.

Weekly
Amount.

3.

d.

S.

d.

S.

d.

s. d.

8.

d.

3.

d.

3.

d.

8. d.

8.

d.

8.

d.

8.

d.

8. d.

Weekly
Amount.

Weekly
Amount.

Gazette Notices. See BANKRUPTCY, COMPANIES, PARTNERSHIP, &C.

Guarantee. See CAUTIONRY, MERCANTILE GUARANTEES.

Hire Purchase Contracts

IN the construction of agreements for the sale of articles on what is popularly known as the "hire purchase system," the provisions of secs. 2 and 9 of the Factors Act, 1889 (extended to Scotland by the Factors (Scotland) Act, 1890, and sec. 25, sub-sec. 2, of the Sale of Goods Act, 1893), must be kept in view. Since these Acts were passed, very fine distinctions have been drawn by the Court as to the validity of a sale by the person in possession of the goods, and upon the point in question the following two cases may be contrasted (Lee v. Butler, 1893, 2 Q.B. 318; and Helby v. Matthews, 1895 (H.L.) A.C. 471). The right of the original seller of the goods to claim possession from a bona fide purchaser from the hirer would seem to depend on the insertion in the agreement of hiring of a clause to the following or similar effect, namely, that "the hirer may terminate the hiring by delivering up to the owner said. . ." (M'Laren v. Innes, 1896, 12 Sh. Ct. Reps. 308). The form given below is taken from the case of Helby v. Matthews, supra, where the Court held that upon a true construction of the agreement the hirer was under no legal obligation to buy, but had an option either to return the piano or to become its owner by payment in full; and that the owner was entitled to recover the piano from a pawnbroker with whom the hirer had pledged it in security for an advance.

Form 1, Form of Hire Purchase Agreement

MINUTE OF AGREEMENT between A. B. (designation) of the first part, hereinafter referred to as the owner, and C. D. (designation) of the second part, hereinafter referred to as the hirer.

This agreement witnesseth that the owner agrees, at the request of the hirer, to let or hire to the hirer in consideration of which the hirer agrees

as follows:-(First), to pay the owner on the

of

for

on

a rent or hire instalment of each succeeding month

and the sum of (Second), to keep and preserve the said instrument from injury [damage by fire included]. (Third), to keep the said instrument in the hirer's own custody at the above-named address, and not to remove the same [or permit or suffer the same to be removed] without the owner's previous consent in writing. (Fourth), that if the hirer do not duly perform this agreement, the owner may (without prejudice to his rights under this agreement) terminate the hiring and retake possession of the said And for that purpose leave and licence is hereby given to the owner [or, agent and servant, or any other person employed by owner] to enter any premises occupied by the hirer or of which the hirer is tenant, to retake possession of the said. without being liable. to any action, diligence, or other proceeding by the hirer or any one claiming under said hirer. (Fifth), that if the hiring should be terminated by the hirer (under Clause A below), and the said be returned to the owner, the hirer shall remain liable to the owner for arrears of hire up to the date of such