Annual Report 2006

Contents

• Standing Order
• Minutes of the 24th Annual General Meeting
• Board of Directors' Report
• Treasurer's Report
• Income & Expenditure Account
• Members' Statement of Net Assets Owned
• Pearls Ratio Analysis
• Pictorial Review 2006
• Auditors' Report
  • Balance Sheet
  • Statement of Income and Expenditure
  • Statement of Changes in Shareholders' Equity
  • Statement of Cash Flows
  • Notes to the Financial Statements
  • General and Administrative Expenses
• Credit Committee Report's
• Supervisory Committee Report
• Nominating Committee Report
• Budget 2007 and Notes
• Resolutions

Standing Order

1. (a) A member shall stand when addressing the Chair.
   (b) Speeches shall be clear and relevant to the subject of the meeting.
   
   
2. A member shall only address the meeting when called upon by the Chairman to do so, after which he/she shall immediately take his/her seat.
   
   
3. No member shall address the meeting except through the Chairman.
   
   
4. A member shall not speak twice on the same subject except:
   (a) The mover of a motion has the right to reply
   (b) He/she rises to object or to explain (with permission of the Chair).
   
   
5. No speeches shall be made after the question has been put and carried or negated.
   
   
6. The mover of a procedural motion (adjournments, postponement, lay on table) shall have no right of reply.
   
   
7. A member rising on a point of order shall state the point clearly and concisely. (A point of order must have relevance to the Standing Orders).
   
   
8. (a) A member shall not 'call ' another member 'to order ' but may draw the attention of the Chair to a 'Breach of Order '.
   (b) In no event can a member call the Chair 'to order '
   
   
9. A question should not be put to the vote if a member desires to speak on it or move an amendment to it 'except that a 'Procedural Motion', the Previous Question', 'Proceed to the next business 'or the 'Closure', 'That the question be put now', may be moved at any time.
   
   
10. Only one amendment shall be before the meeting at one and the same time.
    
    
11. When a motion is withdrawn, any amendment to it fails.
    
    
12. The Chairman shall have, in addition to his ordinary vote, a 'Casting Vote' in the case where there are equal votes on the motion at hand.
    
    
13. If there is an equality of votes on an amendment and if the Chairman does not exercise his casting vote the amendment is lost.
    
    
14. The Chairman shall make provisions for the protection of members from vilification (personal abuse).
    
    
15. No member shall impute improper motives against the Chairman, Board of Directors, Officers, or any other member.
    
    
16. Only members are allowed to vote.