Minimum sum required of individual
4.  The minimum sum applicable to a member shall —
(a)be the appropriate amount set out in the second column of the Second Schedule; and
(b)comprise an amount in cash which is at least that specified in the third column of the Second Schedule and an amount covered by a charge on or pledge of an immovable property made under section 15 (9) or (10), 21or 21A of the Act which does not exceed that specified in the fourth column of that Schedule.