2S6
VALUATION.
VALUATION.
Instructions to public valuers appointed under tlie-Friendly
Societies Acts
1. A limited number of public valuers, not exceeding for
the present 14, will be appointed for England, Scotland,
and Ireland respectively. They will not be ranked as
public servants, and will have no salaries, nor any claim to
pension or gratuity.
2. A public valuer is bound to undertake by himself, or
through some other public valuer, every valuation under
the Act tendered to him by a society (the term to include
a branch of a society) within the country for which he is
appointed.
3. The valuer may require that the particulars for valuation
shall be supplied to him in such form as he may think
fit, together with a copy of the rules for the time being of
the society, and copies of the annual returns, and also of
the annual statements of account of the society, where these
are not identical with the annual returns, for at least the
five years next preceding the date up to which the valuation
is to be made.
4. The valuer may ask for such further information as
to the affairs of the society as he may deem necessary for
the purpose of his valuation.
5. In no valuation of a society’s future sickness liabilities
shall the total sickness per annum at each age up to age 70
expected to be experienced be less than that given by
“Ratcliffe’s Sickness Experience for the Years 1865-70, of
the Manchester Unity of Oddfellows, Rural, Town, and
City districts combined.”
6. In the case of societies granting sick allowance beyond
the age of 70, the valuer shall call attention in his report to
the principles on which he has valued this portion of the
sickness liabilities, with special reference to the probable
effect of cases of prolonged sickness on the funds of the
society.
