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Paragraph 8

Original text. Later amendments are not shown.

In this Schedule—

(a)

“relevant year”, in relation to a summary financial statement of a society, means the financial year of the society with which the summary financial statement deals, and

(b)

“average capital” means, in respect of a financial year, the amount produced by halving the aggregate of the amounts in items 12 and 17 in Part I (or, as the case may be, items 13 and 18 in Part II) of Schedule 2 above for that and the previous financial year.