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285
after the date of transfer; and that the transfer value should
continue as at present to represent the liability in respect of
normal benefits only. (para. 585.)
(77) That in order to provide a safeguard against the risk
of excessive transfers to any Society in consequence of the pre-
ceding recommendation, the Minister should be given power to
suspend the right of any Society to accept members by way of
transfer if the membership of the Society has been increased
in this way since the date of the last valuation by more than a
prescribed proportion. (para. 587.)
(78) That in the case of transfers between branches of the
same Society the branch to which a member transfers should be
given the option of allowing him to participate in all additional
benefits immediately. (para. 588.)
(79) That Section 75 (1) (a) of the Act should be amended
so as to provide that where the valuer certifies that a substantial
part of the surplus of a Society has accrued in respect of mem-
bers who have ceased, or are likely to cease shortly to be insured
as employed contributors by reason of passing over the income
limit, the scheme of additional benefits may, subject to the
approval of the Minister, provide for an extension of the period
during which additional benefits, other than cash benefits, may
be allowed after membership has ceased to persons who are at
the valuation date, or within a period prescribed by the scheme
have been, members of the Society. (para. 590.)
(80) That Section 75 (4) should be amended so as to provide
that the conditions under which persons should be entitled to
participate in additional benefits shall be as prescribed. (para.
579.)
(81) That provision should be included in Section 75 of the
Act which will limit the period of currency of additional benefit
schemes to such period as may be fixed by the Minister. (para.
S571)
(82) That Section 75 (2) should be amplified so as to provide
that all schemes of additional benefits shall be subject to Regu-
lations in force at the time, and that the Minister should have
power to make and amend these Regulations as and when
Necessary. (para. 576.)
(83) That Section 75 should be amplified so as to provide
that the Treasury Valuer, in certifying what part of a realised
surplus is disposable, shall have regard to the desirability of main-
taining the additional benefits available out of that surplus beyond
the period of currency of the scheme. (para. 574.)
(84) That it is not desirable to lay down any statutory limit
to the extent to which a Society may provide out of its surplus
an increase of cash benefits, but that the question of the dis-
posal of a surplus on a reasonable basis should be determined