SCHEDULE Edinburgh Merchant Company

Part II Provisions as to Merchant Company

E. Fees, etc., payable by members

17 Powers of Company to vary entry money, etc
The Company may after investigation into the state of the general fund increase or reduce the amount of the entry money and age tax or either of them payable by persons on election as members, provided that such increase or reduction is sanctioned by a resolution passed by a majority of the members present and voting at a stated general meeting of the Company.