"Behind in payment" joke

The executive committee of a club decided to raise its annual subscription. In due course followed circular telling members that henceforth they would have to pay so much per annum.
Whether it was the secretary's poor knowledge of Latin or the printer's, the m in annum was misprinted as V. A member wrote back to enquire why this new mode of paying subscriptions had been authorised:' In the past we have been paying through our noses, why is payment now demanded through our posteriors?' he asked.

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