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DOCKS IMMORALITY. I

CHOSEN BY -CPMRADES,I

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Y.M.C.A. WORK. I I

CUT OFF BY THE TIDE. I

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ISHARES IN MONEY I SOCIETY.

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SHARES IN MONEY SOCIETY. IMPORTANT QUESTION RAISED ON BEHALF OF MEMBERS. The Swansea Permanent Money Society were the defendants in an important ac- tion. brought before his Honour Judge Bryn Roberts, at the Swansea County Court on Tuesday. The plaintiffs were D. Samuel, E. Shefton, T. itces, P. Shep- herd, R. Fcner, Lebe Foner, A. Foner, S. L. Foner, and one or two others who were investing members; of the society, and they claimed their paid-up share money amounting in the aggregate to about £530. The stand taken by the society was that there was a dispute which, under the rules of the society, must be dealt with by arbitration, the decision to be final. Mr. Villiers Meager (instructed by Mr. Edward Harris and Mr. Stanley Owen) appeared for plaintiffs, and Mr. Trevor i Hunter (instructed by Mr. C. H. New- combe) was for the respondent society. Mr. Meager, in opening, said plaintiffs weekly subscriptions were paid up under the rules, and they became paid-up mem- bers on May 25th. They now brought an action for their money. His learned friend said he was entitled under one of the rules to arbitration. Mr. Hunter: That is not the only an- swer to the case, but it is the one for the present. Mr. Meager said defendants had put in an application to stay. Reading the rules of the society, counsel said investing members paid Is. 2d. a week for a share of £ 10, the subscription being increased a shilling a week for every additional £10. The twopence was carried to the manage- ment account. Rule 19. which bore on the termination of membership, provided that when by contributions, dividends, and bonus the shares of a member who had not borrowed were paid up, his mem- bership should cease and the full amount of his shares should be paid out. That was the positi. with regard to plaintiffs. Mr. Trevor Hunter, in support of an application to stay pending arbitration under the rules of the society, read an affidavit in which it was pointed out that the management and duty of considering all claims was vested in the committee of the society, that owing to the war it was unanimously resolved to postpone pay- ments till January, 1916, and that plaintiffs' shares were not fully paid, as anticipated dvidends had been credited, 1 ut were not due. The society, he went on to explain, carried on a big business, the assets amounting to .MO.tMO. There were investing and non-investing members, and the modus operandi of the society was that if a member borrowed, say, £ 30, he repaid £50. Owing to the i).ar there had been some difficulty in getting borrowing members to repay their ii.stalments txactly at the proper time, and the society had to face this position. As a result the committee decided in I January that they must delay certain re- payments of money, so as not to treat some members better than others. The question arose'whether the committee had power to arrive at that decision, and the next question was whether or not these anticipated dividends should have been declared before they were actually earned. and whether, as they were declared before they were earned, plaintiffs were entitle! to them. Samuel Jones, secretary of the Society, said there were 3,000 members at present. His Honour said there was evidence of a dispute between plaintiffs and the society, and it was not for him to de- cide. His Honour granted the application of respondents for a stay of proceedings.

QUEER STORY OF A FORGOTTEN…

SUNDAY NEWSPAPERS.I

I A DASTARDLY DEED.

DEATH OF A WELL KNOWN VALLEYI…

A WORKERS' PARADISE. I

THE MONS ANGELS.I

A REMOTE IRISH CAMP. I

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IAN ATTACK AT DAWN. --0-

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"HAMLET" AT THE FRONT! I

COLONEL OF SIXTH WELSH PR0.UDI…

LOSSES OF LIPTON'S (LIMITED).I

UNDESIRABLE VISITORS.

UNCOMPROMISING ANTAGONISM.

LAST OF A FAMOUS YACHT.

A DESTRUCTIVE FIRE.

PURCHASE OF A BUSINESS.

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