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Payments

13.1 All moneys raised by or on behalf of the Company shall be applied to further the Objects of the Company and for no other purpose provided that nothing herein contained shall prevent:

13.1.1 The repayment to members of the Policy Board or of any committee appointed under clause 3.8 hereof of reasonable out-of-pocket expenses;

13.1.2 The Policy Board being entitled to effect policies of insurance or indemnity and paying any premiums thereon to cover the liability of the Policy Board (or any of them) which by virtue of any rule of law would otherwise attach to them in respect of any negligence, default, breach of duty or breach of trust of which they may be guilty in relation to the Company; provided that any such insurance or indemnity shall not extend to any claim arising from any act or omission which the Policy Board (or any of them) knew to be a breach of trust, or breach of duty, or which was committed by the Policy Board (or any of them) in reckless disregard of whether it was a breach of trust or breach of duty or not.

13.2 No member of the Policy Board shall be appointed to any salaried office of the Company.

Finance

14.1 A statement of the accounts for the last financial year shall be submitted by the Policy Board to the Annual General Meeting and shall be made available to the members through the website of the Company from time to time as aforesaid.