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

INTRODUCTION. 
25 
evidence of the cause of death is to be produced. No 
money is to be paid except to the parent or personal 
representative of the parent. These provisions apply 
to Industrial Assurance Companies as well as 
to Friendly Societies, and such companies are 
exempted, with respect to children’s assurances, 
from the operation of the Gambling Act (b). 
Any society or claimant paying or claiming money 
contrary to the directions of the statute, is liable 
to a fine not less than ifil, and not exceeding £5. 
45. Every registered Friendly Society is required, 
within six months after the expiration of every 
five years succeeding the 31st December, 1875, 
to make a return of the sickness and mortality ex 
perienced by its members during the quinquennial 
period; and once at least in every five years to 
cause its assets and liabilities to be valued (c). The 
society may either appoint the valuer themselves, 
and send his signed report and abstract to the 
Registrar, or may furnish the Registrar with the 
returns and evidence necessary to enable an 
actuary employed by him to make the valuation 
for the society. Where the society appoint their 
own valuer, his calling or profession are imma 
terial, but he must state his address and calling 
or profession in his signed report. 
46. The Chief Registrar may, however, with 
the approval of the Treasury, dispense with the 
(6) 14 Geo. 3, c. 48. 
(c) In tlie year 1879, the valuation returns of 948 socie^- 
ties were received at the central office, and an abstract made- 
of them hy Mr. Sutton, the actuary. 33 of the valuations 
only were hy public valuers. More than half showed an 
estimated deficiency. See Art. 83, post, p. 45. 
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