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

:288 
VALUATION. 
14. The valuer shall make his valuation and furnish to 
the society the report and abstract of valuation required by 
-sect. 14 (1,/) of the “ Friendly Societies Act, 1875,” within 
three calendar months after the necessary particulars have 
been supplied to him, unless there be just and sufficient 
reason for any delay. 
15. If in consequence of the large number of valuations 
under the Act which are submitted to him, a public valuer 
is unable to complete any such valuation within the time 
-above specified, he may transfer such valuation to another 
.public valuer upon the same terms and conditions. 
16. When the benefits to be valued do not exceed two 
-classes of sick allowance and deferred annuities, together 
with sums payable on the deaths of members and of their 
wives, the scales of payment to public valuers shall be as 
■follows:— 
£ s. d. 
For societies— 
consisting of not more than 75 members - 3 3 0 
For societies with over— 
75 members and not exceeding lOOmembers 4 4 0 
100 
V 
99 
150 
99 
5 
5 
0 
150 
99 
99 
200 
99 
6 
6 
0 
200 
99 
99 
300 
99 
7 
7 
0 
300 
99 
99 
400 
99 
8 
8 
0 
400 
99 
99 
500 
99 
9 
9 
0 
500 
99 
99 
600 
99 
10 
10 
0 
600 
99 
99 
750 
99 
12 
12 
0 
750 
99 
99 
1,000 
99 
15 
15 
0 
With a further 51. 5s. for every 500 members, or portion 
thereof, beyond the total amount of members not exceeding 
2,500. Beyond 2,500 members the fee to be a matter of 
special arrangement, as well as in all cases where the 
number of benefits exceeds that above mentioned. 
Valuers may accept valuations on terms lower than those 
■of the above scale. 
Valuers must take such steps as they think fit for 
obtaining payment of their fees.
	        
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