| Calculation of penalties for conservancy and service charges in arrears |
| 2. Where any conservancy and service charges payable by any tenant or owner to the Town Council of Holland are in arrears, the tenant or owner shall be liable to pay to the Town Council a penalty at the rate of 1% of the arrears per month rounded up to the nearest 50 cents subject to a minimum of $1 and such penalty shall become due and payable on the day following the expiry of that month. |