Rule 13 Late Payments


  1. Without prejudice to the rights and remedies of the Association under these Rules, particularly General Rules 12, 31 and 34, if any call or premium or part thereof or any sum of whatsoever nature due from any Member to the Association is not paid on or before the date specified for payment thereof, such Member shall pay interest on the amount not paid from and including the date so specified down to the date of payment at the rate prescribed in England to be charged on unsatisfied judgments, but the Managers may in their discretion waive payment of such interest in whole or in part.