390

SECRETARIAL PRACTICE
Where the subject matter is
stocks, shares or marketable
securities.

Furnish a valuation as in-
dicated below under the head-
ing ‘Settlement.” With a vol-
untary settlement, produce
duly stamped transfers of any
securities transferable by deed
subject to stamp duty exe-
cuted by the settlor in favour
of the trustees. Where the
securities have been vested in
the trustees otherwise than by
lirect transfer from the settlor
particulars should be given.

Furnish details and reason-
able evidence of value, and give
the ages of the parties con-
cerned where the subject mat-
ter is a reversion or a life
interest. -

Where the subject matter is
property of any other descrip-
tion, e.g. reversions, life policies,
furniture.

IV.—CoONVEYANCE OR TRANSFER ON ANY OCCASION EXCEPT
SALE, MORTGAGE OR VOLUNTARY DISPOSITION
If the Conveyance or Trans- Produce the Deed of Ap-
fer is made on the occasion of pointment.
the appointment of a New
Trustee of an existing Trust.
If the Conveyance or Trans-
fer is made for effectuating a
settlement.

V.—INSTRUMENT OF DISSOLUTION OF PARTNERSHIP,
WHETHER AGREEMENT OR CONVEYANCE
In all cases.

Produce a copy of the Bal-
ance Sheet or statement of ac-
count between the partners.
showing—

(a) The amount of the lia-
bilities (separating mort-
gages from current trade
liabilities) ;

The liquid assets (stock-
in-trade, cash and book
debts); and

(If the fact is not dis-
closed by the instrument)
the share of the out-
going partner in the part-
nership assets.

2)