The Report of the Bank Committee that was presented to the City Council on Tuesday, June 12th 1928, included the following:
AMENDMENT OF REGULATIONS
A point has arisen in reference to the making of deposits in the Bank by a Working Men's Club duly registered under the Friendly Societies' Acts. In Regulation No. 3 a Friendly Society is defined as 'a Friendly Society legally registered in the manner required by the Acts in force relating to Friendly Societies, and includes a registered branch', but apparently this interpretation does not cover cases such as Working Men's Clubs, Benevolent Societies, and the like. To meet the situation it is, therefore, proposed to amend the definition in Regulation No. 3 by making Supplemental Regulations in the following form which HM Treasury and the Chief Registrar of Friendly Societies have intimated their willingness to approve:
1 These Regulations may be cited as the Birmingham Municipal Bank Regulations, 1928.
2 For the definition of 'Friendly Society' contained in Regulation No. 3 of the Birmingham Municipal Bank Regulations, 1925, the following shall be substituted:
The expression 'Friendly Society' means a society duly registered in the manner required by the Acts in force relating to Friendly Societies and includes a registered branch.
3 These Regulations shall come into force on ........... the ........... day of ............, 1928, on and from which date the definition of Friendly Society in Regulation No. 3 of the Birmingham Municipal Bank Regulations, 1925, is hereby repealed, without prejudice, nevertheless, to anything done or proceeding taken.