Page 2155 - Week 07 - Thursday, 17 June 1993

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MADAM SPEAKER, THE BILL THEREFORE PROPOSES TO ALLOW CLUBS WITH MORE THAN 5$ LIFE MEMBERSHIP, AS AT 1 JANUARY 1992, TO RETAIN THAT EXCESS LIFE MEMBERSHIP. THEY WILL NOT BE ALLOWED HOWEVER TO APPROVE MORE LIFE MEMBERS UNTIL NATURAL ATTRITION OR INCREASED OVERALL MEMBERSHIP REDUCES THE LIFE MEMBERSHIP RATIO BELOW THE LIMIT.

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