L' Algérie économique en 1930

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Monograph

Identifikator:: 1830538012

URN:: urn:nbn:de:zbw-retromon-222171

Document type:: Monograph

Title:: L' Algérie économique en 1930

Place of publication:: Alger

Publisher:: Carbonel

Year of publication:: [1930]

Scope:: 328 S.; zahlr. Ill.

Digitisation:: 2022

Collection:: Economics Books

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Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: Métallurgie

Collection:: Economics Books

MAJORITY REPORT. 237 or other conditions should be attached to the administration of any of the benefits comprised in this Scheme, the benefits shall be administered by the Society as if those conditions had been incorporated in and formed part of this Scheme.” 576. We do not, however, regard it as satisfactory that a pro- vision of so important a nature should rest upon no higher authority than a clause in a Society's scheme. Having regard to the large sums which are now available for distribution in the form of additional benefits, we consider that all schemes should be subject to regulations in force at the time and that the Minister should be empowered to make and amend those regulations as and when necessary, and we recommend that Section 75 (2) should be amended accordingly. FLIGIBILITY FOR ADDITIONAL BENEFITS. 577. It is provided by Section 75 (4) of the Act that *‘ additional benefits shall not, except as otherwise prescribed, be distributed among any persons who were not members of the Society or branch on the date as at which the valuation was made.” The regulations made under the Section provide that persons who have been members continuously for a period of five years may be entitled to participate in additional benefits, notwithstanding that they were not members on the date as at which the valuation was made. 578. Tt has been suggested to us (Kinnear, Q. 23,651) that the Section as worded is not satisfactory inasmuch as it does not state in positive. form the persons who must be allowed to participate in the additional benefits provided by any Approved Society, but merely lays down certain limitations on the power of Societies to provide in their schemes what persons are to be so entitled. 579. We think that the qualifying conditions for participation in additional benefits should be uniform in all Societies and should be laid down in the Act itself or in regulations. On the whole, and particularly in view of the possibility of the conditions having to be varied from time to time, we think that they should be contained in regulations and we, therefore, recommend that Section 75 (4) of the Act should be amended so as to provide that the conditions under which persons shall be entitled to participate in additional benefits shall be such as may be prescribed. 580. Our attention was directed by several witnesses to the Present arrangement under which the title to participate in additional benefits does not accrue until the beginning of the fifth year after that in which an insured person joins a Society either as a new entrant into insurance or by transfer from another Society. In the latter case in particular it appears to us to be open to serious criticism that the theoretical right of free choice

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