m 
16 & 17 Vict. Cap. 34, s. 54. 
as hereinafter mentioned, and to continue the said first- 
recited Act for such period as hereinafter mentioned : Be 
it therefore, &c. 
1. Persons having made insurance until friendly societies to 
be entitled to benefits of recited Acts.—Any person or persons 
who shall have made any such insurance or contracted for 
any such deferred annuity as in the said recited Acts men 
tioned in or with any friendly society legally established- 
under any Act of parliament relating to friendly societies, 
shall he entitled to all the benefits and advantages conferred 
by the said recited Acts ; provided that the premiums pay 
able in respect of such insurances shall not he made for 
shorter periods than three months (a). 
N.B.—The provision of 16 & 17 Yict. c. 34, for abate 
ment of income tax in respect of life insurance, is as 
follows :— 
54. Persons who have made insurance or contracted for a 
deferred annuity on the lives of themselves or wives to be 
allowed an abatement of duty in respect of the annual pre 
miums made.—Any person who shall have made insurance 
on his life or on the life of his wife, or shall have con 
tracted for any deferred annuity on his own life or on the 
life of his wife, in or with any insurance company which 
shall become registered under any Act to he passed in the- 
present session of parliament for that pirrpose and which 
shall comply with the requirements of such Act, and any 
person who shall under any Act of parliament be liable to 
the payment of an annual sum, or to have an annual sum 
deducted from his salary or stipend in order to secure a de 
ferred annuity to his widow or a provision to his children 
after his death, shall be entitled to deduct the amount of 
the annual premium paid by him for such insurance or 
contract, or the annual sum paid by him or deducted from 
his salary or stipend as aforesaid, from any profits or gains 
in respect of which he shall be liable to be assessed under 
(«) This Act has been annually extended by the Inland 
Revenue Acts, the last of which is 43 Vict. c. 14.