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Edinburgh Merchant Company Order Confirmation 1996
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Payment of annual contributions
66(1)The annual contributions of all existing contributors shall continue to be payable in accordance with the existing provisions.
(2)Any contributor may elect to cease to make contributions in which case he, or any widow left by him, shall (without the need for any declarator) forfeit all right, interest and benefit in the widows' fund:
Provided that all the rights, interest and benefit of any widow shall be reinstated if she shall pay up the arrears due by her husband together with all interest thereon at the rate of five per cent over the Bank of Scotland plc’s base rate from the time each payment fell due and any costs that may have been incurred in recovering the same.
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