MODEL BRANCH RULES. 
253 
XII.—Valuations. 
1. Once at least in the five years next following tlie 
'date of the registry of the branch, and so again within six 
calendar months after the expiration of every five years (b) 
succeeding the date of the first valuation to be made under 
fhese rules, the assets and liabilities of the branch (includ 
ing the estimated risks and contributions) shall be valued 
in manner provided by the Friendly Societies Act, 1875, 
*• 14(1/). 
2. It shall be the duty of any valuer appointed by the 
branch at the cost of the branch, to make a report to be 
signed by him, and which shall also state his address and 
calling or profession, on the condition of the branch, and 
also an abstract of the results of his valuation, in the form 
prescribed by the Chief Registrar. 
3. On receiving such report it shall be the duty of the 
committee of management to call forthwith a special meet 
ing of the branch for the purpose of receiving the same, and 
to lay such report and the abstract of the results of valua 
tion before such meeting ; and to cause the secretary to 
forward such report and abstract to the Registrar, together 
with a return containing such information with respect to 
the benefits assured and contributions receivable by the 
branch, and to its funds and effects, debts and credits, as the 
Registrar may from time to time require. 
XIII.—Inspection of Books, dec. 
1. The books and accounts of the branch shall be open to 
the inspection of any member or person having an interest 
in the funds of the branch at all reasonable hours, at the 
place where the branch is established, or at any place where 
the same are kept, and it shall be the duty of the secretary 
to produce them. 
2. It shall be the duty of the committee of management 
to keep a copy of the last annual balance sheet of the branch 
for the time being, together with the report of the auditors, 
if any, and of the last quinquennial valuation for the time 
being, always hung up in a conspicuous place at the office 
■ of the branch. 
(b) If the branch has had rules previously registered, substi 
tute, for the first three lines of the rule the words “ once at least 
in every five years.’'