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INTRODUCTION.
Friendly Society may, for the purposes of the
Income Tax Acts, deduct the annual premium
payable for a life assurance or deferred annuity,
if the premiums are made for three months at
least, from the amount in respect of which he
is liable to be assessed.
69. By the Married Women’s Property Act,
1870, any married woman or woman about to he
married may apply in writing to the trustees of a
registered Friendly Society that any benefit in the
funds of the society, to the holding of which no
liability is attached, and to which she is entitled,
may be entered in the books of the society in her
name or intended name as a married woman
entitled to her separate use, and it shall be the
duty of the trustees to cause the same to be so
entered, and thereupon such benefit shall be
deemed to be her property, and shall be payable
as if she were an unmarried woman; provided
that if it had been obtained by her by means of
moneys of her husband without his consent, the
court may order it to be paid to the husband.
70. It will be perceived from the foregoing
statement of the provisions of the Friendly
Societies Act of 1875, that it “proceeds on the
basis of previously existing legislation,” and that
its amendments of the Act of 1855, are in the
directions of more efficient machinery, and greater
facility of registration, &c. In many respects,
well-arranged, coherent, and intelligible provisions
have been substituted for the often ill-drawn,
obscure, and ineffectual clauses of the Act of
1855.