Full text: The law of friendly societies, and industrial and provident societies, with the acts, observations thereon, forms of rules etc., reports of leading cases at length, and a copious index

240 
MODEL RULES. 
contributions receivable by tlie society, and to its funds and 
effects, debts and credits, as the registrar may from time to 
time require. 
XIII.—Inspection of Books. 
1. The books and accounts of the society shall be open to 
the inspection of any member or person having an interest 
in the funds of the society at all reasonable hours, at the 
registered office of the society, or at any place where the 
same are kept [except (a) that no such member or person, 
unless he be an officer of the society, or be specially autho 
rised by a resolution of the society to do so, shall have the 
right to inspect the loan or deposit account of any other 
member without the written consent of such member], and 
it shall be the duty of the secretary to produce the same.— 
Friendly Societies Act, 1875, s. 14(1 g). 
2. It shall be the duty of the committee of management 
to keep a copy of the last annual balance sheet of the society 
for the time being, together with the report of the auditors, 
if any, and of the last quinquennial valuation for the time 
being, always hung up in a conspicuous place at the regis 
tered office of the society.—Friendly Societies Act, 1875,. 
s. 14 (1 i). 
XIIIc*.—Dividing Societies. 
If the society is a dividing one, a rule should he inserted' 
stating when and how the division is to he made, and that— 
It shall be the duty of the committee of management to 
see that all claims upon the society existing at the time of 
any division of the funds thereof are met and provided for 
before any such division takes place.—Friendly Societies 
Act, 1875, s. 11 (4). 
XIY.—Investment of Funds, Holding of Land, <&c. 
1. So much of the funds of the society as may not be 
wanted for immediate use, or to meet the usual accruing 
liabilities, shall, with the consent of the committee of 
management, or a majority of the members of a society 
present and entitled to vote at a general meeting, be invested 
by the trustees in such of the following ways as such com* 
mittee or general meeting shall direct : namely, in any 
savings bank certified under the Act of 1863, or post office 
(a) If the society does not grant loans to members, the words- 
in brackets to be left ont.
	        
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