38 & 39 Vict. Cap. 60, s. 25.
97
tlie grounds upon which, such insufficiency is
alleged, and requesting an investigation into the
affairs of such society with a view to the dissolu
tion thereof, the chief registrar may by himself,
or by any assistant registrar, or hy any actuary or
public auditor whom the chief registrar may ap
point in writing under his hand, investigate the
affairs of the society, giving nevertheless not less
than two months previous notice in writing to the
society whose affairs are to be investigated at the
registered office of such society (c):
(b.) If upon such investigation it appears that the funds
of the society are insufficient to meet the existing
claims thereon, or that the rates of contribution
fixed in the rules of the society are insufficient to
cover the benefits assured to he given by the same,
the chief registrar may, if he considers it expe
dient so to do, award that the society shall be
dissolved, and its affairs wound up, and shall direct
in what manner the assets of the society shall be
divided or appropriated: provided always, that
the chief registrar may suspend his award for such
period as he may deem necessary to enable the
society to make such alterations and adjustment
of contributions and benefits as will in his judg
ment prevent the necessity of such award of disso
lution being made (d):
(c.) A registrar proceeding under this section has all the
same powers and authorities, enforceable by the
same penalties, as in the case of a dispute referred
to him under this Act (e):
(e) This provision is similar to 23 & 24 Viet. c. 58, s. 1, but
the number of members who may make application to the regis
trar is reduced from five-eighths to one-fiftli (or less in a large
society), and insufficiency of funds is more clearly defined. See
Treasury regulations 45 to 48 and Forms AM to AQ.
(d) See 23 & 24 Vict. c. 58, s. 1. The power to suspend the
, award is new. It was acted upon by the chief registrar in a case
recorded in his Eeport for 1876, p. 33.
(e) This provision is new.
F
