SUBSCRIPTIONS & ENTRACE FEES
Every Member, other than an Honorary Member, shall from time to time pay to the Institute such subscription as shall be prescribed by or in accordance with the Regulations.
If a Member defaults in the payment of any subscription for more than one month after notice from the Administrative Officer of the amount payable by him, privileges of Membership shall be thereafter ipso facto be suspended until such payment is made. If any matter arises during the interval between such suspension and payment in respect of which he would but for default have been entitled to seek the assistance of the Institute, he shall notwithstanding such payment be in respect of such matter excluded from the privileges of Membership unless the Council otherwise resolve.
The Council may, if it thinks fit, require the payment of an entrance fee from all persons seeking to become Members of the Institute and may in its discretion from time to time discontinue, reduce, remit, or reimpose such entrance fee, and any such entrance fee shall be of such amount as the Council shall from time to time fix, and shall be payable at the same time as the first annual subscription.