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

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Monograph

Identifikator:: 875232663

URN:: urn:nbn:de:zbw-retromon-2698

Document type:: Monograph

Title:: 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

Place of publication:: with the acts, observations thereon, forms of rules etc., reports of leading cases at length, and a copious index$gTenth edition, revised and enlarged

Publisher:: Shaw and Sons

Year of publication:: 1881

Scope:: 1 Online-Ressource (XII, 303 Seiten)

Digitisation:: 2017

Collection:: Economics Books

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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 valua tion 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 valua tion 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.

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