390

SECRETARIAL PRACTICE

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

Furnish a valuation as indicated
 below under the heading
 ‘Settlement.” With a voluntary
 settlement, produce
duly stamped transfers of any
securities transferable by deed
subject to stamp duty executed
 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 reasonable
 evidence of value, and give
the ages of the parties concerned
 where the subject matter
 is a reversion or a life
interest. -

Where the subject matter is
property of any other description,
 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 Apfer
 is made on the occasion of pointment.
the appointment of a New
Trustee of an existing Trust.
If the Conveyance or Transfer
 is made for effectuating a
settlement.

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

Produce a copy of the Balance
 Sheet or statement of account
 between the partners.
showing—
(a) The amount of the liabilities
 (separating mortgages
 from current trade
liabilities) ;
The liquid assets (stockin-trade,
 cash and book
debts); and
(If the fact is not disclosed
 by the instrument)
the share of the outgoing
 partner in the partnership
 assets.

2)