m

16  &  17  Vict.  Cap.  34,  s.  54.

as  hereinafter  mentioned,  and  to  continue  the  said  firstrecited
  Act  for  such  period  as  hereinafter  mentioned  :  Beit ­
  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  mentioned ­
  in  or  with  any  friendly  society  legally  establishedunder
  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  payable ­
  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  abatement ­
  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  premiums ­
  made.—Any  person  who  shall  have  made  insurance
on  his  life  or  on  the  life  of  his  wife,  or  shall  have  contracted ­
  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  thepresent
  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  deferred ­
  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.