Financial matters

(1) All bills and claims shall be examined by the Secretary and laid before the Council and such bills and claims as are allowed shall be initialled by the presiding officer. 24 (2) All payments made by or on behalf of the Council shall be made by cheque which shall be signed by two members nominated by the Council and countersigned by the Secretary. (3) At every meeting of the Council, the Secretary shall present a statement in writing showing receipts and expenditure by the Council for the current year up to the date of such meeting and the existing balances, if any, to the credit of the Council. This statement must also be signed by the members nominated to sign cheques.