Full text: The law of friendly societies, and industrial and provident societies, with the acts, observations thereon, forms of rules etc., reports of leading cases at length, and a copious index

2S6 
VALUATION. 
VALUATION. 
Instructions to public valuers appointed under tlie- 
Friendly Societies Acts 
1. A limited number of public valuers, not exceeding for 
the present 14, will be appointed for England, Scotland, 
and Ireland respectively. They will not be ranked as 
public servants, and will have no salaries, nor any claim to 
pension or gratuity. 
2. A public valuer is bound to undertake by himself, or 
through some other public valuer, every valuation under 
the Act tendered to him by a society (the term to include 
a branch of a society) within the country for which he is 
appointed. 
3. The valuer may require that the particulars for valua 
tion shall be supplied to him in such form as he may think 
fit, together with a copy of the rules for the time being of 
the society, and copies of the annual returns, and also of 
the annual statements of account of the society, where these 
are not identical with the annual returns, for at least the 
five years next preceding the date up to which the valua 
tion is to be made. 
4. The valuer may ask for such further information as 
to the affairs of the society as he may deem necessary for 
the purpose of his valuation. 
5. In no valuation of a society’s future sickness liabilities 
shall the total sickness per annum at each age up to age 70 
expected to be experienced be less than that given by 
“Ratcliffe’s Sickness Experience for the Years 1865-70, of 
the Manchester Unity of Oddfellows, Rural, Town, and 
City districts combined.” 
6. In the case of societies granting sick allowance beyond 
the age of 70, the valuer shall call attention in his report to 
the principles on which he has valued this portion of the 
sickness liabilities, with special reference to the probable 
effect of cases of prolonged sickness on the funds of the 
society.
	        
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