THE CYPRUS GAZETTE, 19th JANUARY, 1923.

34. A society may, with the approval of the Registrar, Restrictions^ •^11 n ^^ 1 'on borrowreceive deposits and loans from persons who are not ing,members only to such extent and under such conditions asshall be provided by the rules or bye-laws.35. The transactions of a society with persons other ^o^e*r°°®than members shall be subject to such prohibition and transactionsrestrictions, if any, as the High Commissioner may, by "^^^^rules, prescribe.36. No part of the funds of a society shah be divided by f^^gedi^^dedway of bonus or dividend or otherwise amongst its by way ofmembers:—P*""^*^-Provided that after at least one-fourth of the net profitsin any year have been carried to a reserve fund, paymentsfrom the remainder of such profits and from the profitsof past years available for distribution may be madeamong the members to such extent and under such conditionsas may be prescribed by the rules or bye-laws ;Provided also that in the