Gifts, etc., not to be accepted by officials

(1) Every director, secretary, surveyor, attorney-at-law or other officer of a society who shall, in addition to the remuneration prescribed or authorised by the rules of the society, receive from any other person any gift, bonus, commission or benefit, for or in connection with any loan made by the society, and every person who pays any such gift, bonus, commission or benefit, shall be liable to a fine not exceeding two hundred dollars, or in default of payment to imprisonment for any term not exceeding six months. (2) The person accepting any such gift, bonus, commission or benefit shall, as and when directed by the court by whom he is convicted, pay over to the society the amount or value of such gift, bonus, commission or benefit, and if he fails to make such payment he shall be liable to imprisonment for any term not exceeding six months.