HASIINTERNATIONAL ADMINISTRATIVE ACCOUNT

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Definitions

1. where the 10% of the gross income may not be paid to the international area weekly by reason of local currency regulations, an additional bank account must be set up locally to receive them and the 10% must be paid weekly into that account. This account is to be called the EIASI International Administrative Account. Only International Board members may be signatories on the HASI International Administrative Account. (HCO PL 18 Jan 65)

2. a bank account in the name of the international organization called the HASI International Administrative Account opened in the local area of the org or franchise holder. Into this account must be deposited weekly 10% of the past week's gross income from Scn. (HCO PL 20 Jan 65)