Industrial and Provident Societies Act 1852
| Jurisdiction | UK Non-devolved |
| Citation | 1852 c. 31 |
| Year | 1852 |
(15 & 16 Vict.) C A P. XXXI.
[30th June 1852]
'WHEREAS by an Act passed in the Thirteenth Year of the Reign of Her present Majesty, intituled , it was enacted, that a Society might be established under the Provisions of the said Act for any of the Objects therein mentioned; that was to say, (amongst other Objects,) ‘for the Relief, Maintenance, and Endowment of the Members, their Husbands, Wives, Children, and Kindred;’‘and for the frugal Investment of the Savings of the Members, for better enabling them to purchase Food, Firing, Clothes, or other Necessaries, or the Tools or Implements of their Trade or Calling, or to provide for the Education of their Children or Kindred, provided (amongst other things) that the Shares in any such Investment should not be transferable:’ And whereas various Associations of Working Men have been formed for the mutual Relief, Maintenance, Education, and Endowment of the Members, their Husbands, Wives, Children, or Kindred, and for procuring to them Food, Lodging, Clothing, and other Necessaries, by exercising or carrying on in common their respective Trades or Handicrafts; and it is expedient to extend the Provisions of the said recited Act to such Associations, and otherwise to regulate the same:' Be it therefore enacted by the Queen's most Excellent Majesty, by and with the Advice and Consent of the Lords Spiritual and Temporal, and Commons, in this present Parliament assembled, and by the Authority of the same, as follows:
I Societies of Working Men may be established for attaining the Objects of Friendly Societies Acts by means of joint Trade.
I. It shall be lawful for any Number of Persons to establish a Society under the Provisions of this and the said recited Act, for the Purpose of raising by voluntary Subscriptions of the Members thereof a Fund for attaining any Purpose or Object for the Time being authorized by the Laws in force with respect to Friendly Societies, or by this Act, by carrying on or exercising in common any Labour, Trade, or Handicraft, or several Labours, Trades, or Handicrafts, except the working of Mines, Minerals, or Quarries beyond the Limits of the United Kingdom ofGreat Britain and Ireland , and also except the Business of Banking, whether in the said United Kingdom or elsewhere; and this Act shall apply to all Societies already established for any of the Purposes herein mentioned, so soon as they shall conform to the Provisions hereof.
II Rules of the Society.
II. The Rules of any such Society shall provide,
1st, For allowing Payments to be made from Time to Time to all Members of the Society in respect of any Work or Service which they may do or perform for or on behalf of the same:
2d, Upon what Terms and Conditions (if any) Persons not Members of the Society shall be employed for or on behalf of the same; yet so that any Person not a Member of the Society who shall be employed for or on behalf of the same shall receive in respect of any Work or Service done or performed by him on behalf of such Society, whether by way of Wages or otherwise, at least the same Amount or Value as if he were a Member of the Society:
3d, Whether or not any Loans shall be contracted with Persons (whether Members of the Society or not) for the better effecting the Purposes thereof, and how such Loans and Interest thereon (if any) shall be secured; yet so that the Interest on any such Loan shall not exceed the rate of Six Poundsper Centum per Annum , and so that the total Amount of Monies to be owing on Loan by the Society at any One Time shall not exceed Four Times the Amount of paid-up Subscriptions for the Time being; and a Declaration under the Hands of the Trustees or Trustee of the Society, certified by the Registrar of Friendly Societies, shall be sufficient Evidence in that Behalf of the Amount of paid-up Subscriptions:
4th, For the Receipt of Subscriptions from Persons, Members of the Society, and for the Payment of Dividends on such Subscriptions at any Rate not exceeding Five Poundsper Centum per Annum; but so that no Dividend shall be paid to any Member of the Society out of the Capital of the same:
5th, For the Appropriation from Time to Time of the net Proceeds of any Trade, Labour, or Handicraft exercised or carried on by the Society, after such Payments as herein-before mentioned, in the first place, to the Repayment of any Loans made to the Society, or any Instalment thereof, and, subject thereto, to...
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