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PART XI
Industrial and Provident Societies
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Interpretation.
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218.—In this Part, save where the context otherwise requires—
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“capital allowance” means any allowance, other than an allowance falling to be made in computing profits or gains, under section 241, Part XIV, XV, XVI or XVII;
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“loan interest”, in relation to a society, means any interest payable by the society in respect of any mortgage, loan, loan stock, or deposit;
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“share interest”, in relation to a society, means any interest, dividend, bonus, or other sum payable to a shareholder of the society by reference to the amount of his holding in the share capital of the society;
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“society” means a society registered under the Industrial and Provident Societies Acts, 1893 to 1936;
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and references to the payment of share interest or loan interest include references to the crediting of such interest.
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