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[59 & 60 Vict.] South Shields Corporation Act, 1896. [Ch. l.]
" after that date the sum to be set apart and appropriated " to the sinking fund as aforesaid shall in every year be not " less than one twenty-fifth part of the aggregate amount " of the sums which were not paid off on or before that date."
181. The Corporation may establish in manner herein-after provided a fund for the encouragement of thrift and -with a view of providing a sum of money which in the event of retirement discharge or death of any person in the service of the Corporation who has contributed to the fund shall be available for himself or his representatives such fund to be called
" the thrift fund."
The Corporation may prepare and approve by resolution a scheme or schemes for the establishment of the thrift fund and may determine in and by any such scheme the following matters and things or any of them (that is to say) :-
(A.) What classes of persons shall be entitled to contribute to and participate in the benefit of the thrift fund and to what extent such contribution shall be payable by parsons entering or who shall have entered the service of the Corporation after the passing of this Act and also upon what terms and conditions persons in the service of the Corporation at the passing of this Act shall on their own application be admitted to the benefit of the thrift fund ;
(B.) The division of the persons contributing to and to be benefited by the thrift fund into two or more classes according to the amount of salary or according to such other conditions as the Corporation shall determine power being reserved by the scheme to remove any contributor from the one class to the other provided that no such removal shall place the contributor or his representative in a worse position than he would have occupied if the removal had not been made;
(c.) What (if anything) shall disqualify any person in the employ of the Corporation from becoming a contributor to the thrift fund and participating in the benefits thereof;
(D.) Under what circumstances any person having been a contributor to the thrift fund shall cease to continue a contributor and to be entitled to participate in the benefits thereof ;
(E.) What proportion (if any) of his own contributions to the thrift fund and of the interest which shall have accrued thereon under the scheme any person having been but ceasing to be a contributor thereto shall be entitled to receive;
(F.) What proportion (if any) of the additions made by the Corporation to the thrift fund in respect of the contributions of any member shall he payable to the representatives of such
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