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16.—(1) The Federation may raise funds by—
(a)the collection of voluntary subscription from the members thereof;
(b)the acceptance of donations from such members, from central police officers, reversionary members of home police forces or servicemen within the meaning of the regulations from time to time in force under the Police Pensions Act 1948 or from persons with a contingent right of reversion to a home police force under section 2 of the Police Act 1969, or
(c)the sale of periodicals and other articles,
but not otherwise.
(2) Voluntary subscriptions shall be collected by the appropriate branch boards and the normal amount of such subscriptions (including additional subscriptions) shall be determined by the joint central committee, subject to the approval of the joint central conference.
(3) Out of the sum collected by way of subscriptions in each year a branch board shall pay to the appropriate central committee such sum in respect of each subscribing member as the joint central committee shall have determined should be paid by branch boards in that year but, subject to the next following paragraph, the balance of the sum so collected shall be retained by the branch board.
(4) If at the end of any year the funds held by a branch board exceed—
(a)£200, where the number of subscribing members is less than a hundred;
(b)£2 for each subscribing member, where the number of such members is a hundred or more but less than five hundred or, in the case of the metropolitan police force, a hundred or more but less than four thousand;
(c)£1,000 or, in the metropolitan police force £4,000, where the number of subscribing members is five hundred or more or, as the case may be, four thousand or more,
the board shall pay the excess to the appropriate central committee and, after making such payment, may pay such sum as they think fit to the joint branch board.
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