(1) No member shall vote on or take part in the discussion on any subject coming up for consideration at a meeting of the Board, if the subject is one, in which, apart from its general application, to the Public he has any direct or indirect pecuniary interest by himself or as partner.
(2) The presiding member may after recording in writing prohibit any member from voting on or taking part in the discussion of any subject in which he believes such member to have such pecuniary interest or he may require such member to absent himself discussion.
(3) Such member may challenge the decision of the presiding members who shall thereupon put the question to the Board and the decision of the Board shall be final.
(4) If the presiding member is believed by any member present at the meeting to have any such pecuniary interest in any subject under discussion the presiding member may if a motion to that effect is carried, be required to absent himself from the meeting during such discussion.
(5) The member concerned shall not be entitled to vote on the question referred to in sub-rule (3) and the presiding member shall not be entitled to vote on the motion referred to in sub- rule (4).