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

38  &  39  Vict.  Cap.  60,  s.  17.

81

twenty-seven,  and  twenty-eight,  as  to  the  regulation
of  receipts,  certificates,  and  orders,  shall  apply  to
moneys  paid  under  this  section  :
5.  The  society  [or  branch]  shall  be  entitled  to  a  receipt
bearing  interest  at  the  rate  of  twopence  per  centum
per  diem  :
6.  Provided  that  a  friendly  society  legally  established
before  the  twenty-eighth  day  of  July,  one  thousand
eight  hundred  and  twenty-eight,  which  has  invested
any  part  of  its  funds  with  the  commissioners  before
the  twenty-third  day  of  July,  one  thousand  eight
hundred  and  fifty-five,  shall  be  entitled  for  any  further ­
  investment  made  on  account  of  any  assurance
made  before  the  fifteenth  day  of  August,  one  thousand
eight  hundred  and  fifty  to  a  receipt  bearing
interest  at  the  rate  of  threepence  per  centum  per
diem  :
7.  And  provided  that  a  friendly  society  legally  established
between  the  twenty-eighth  day  of  July,  one  thousand
eight  hundred  and  twenty-eight  and  the  fifteenth
day  of  August,  one  thousand  eight  hundred  and
fifty,  which  has  invested  any  part  of  its  funds  with
the  commissioners  before  the  twenty-third  day  of
July,  one  thousand  eight  hundred  and  fifty-five,  shall
be  entitled  for  any  further  investment  made  on
account  of  any  assurance  made  before  the  fifteenth
day  of  August,  one  thousand  eight  hundred  and  fifty
to  a  receipt  hearing  interest  at  the  rate  of  twopence
halfpenny  per  centum  per  diem  :
8.  A  societ3 r  [or  branch]  withdrawing  money  invested
with  the  commissioners  shall  not  be  entitled  to  make
any  further  deposit  without  their  consent  :
9.  Every  society  [or  branch]  investing  money  with  the
commissioners  shall  furnish  from  time  to  time  such
returns  as  may  be  required  by  the  commissioners,
in  respect  of  the  funds  deposited  with  them,  and  the
assurances  to  which  such  funds  relate:
10.  A  society  having  funds  invested  witli  the  commissioners ­
  at  the  rate  of  threepence  or  twopence  half-E
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