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

66

38  &  39  Vict.  Cap.  60,  s.  14.

months  after  the  expiration  of  every  five  years
succeeding,  send  to  the  registrar  a  return  (to  he
called  the  quinquennial  return)  of  the  sickness  and
mortality  experienced  hy  the  society  during  the
five  years  preceding  the  thirty-first  December  then
last  past;  an  abstract  of  which  returns  shall  be
laid  before  parliament  (a)  :
(/•)  Quinquennial  valuations.—  Once  at  least  in  the  five
years  next  after  the  commencement  of  this  Act,  or
the  registry  of  the  society,  and  so  again  within  six
months  after  the  expiration  of  every  five  years
succeeding  the  date  of  the  first  valuation  under
this  Act,  either  cause  its  assets  and  liabilities  to  be
valued  hy  a  valuer  to  he  appointed  by  the  society,
and  send  to  the  registrar  a  report,  signed  by  such
valuer,  and  which  shall  also  state  his  address  and
calling  or  profession,  on  the  condition  of  the
society,  and  an  abstract  to  be  made  by  him  of  the
results  of  his  valuation,  together  with  a  return
containing  such  information  with  respect  to  the
benefits  assured  and  contributions  receivable  by
the  society,  and  of  its  funds  and  effects,  debts  and
credits,  as  the  registrar  may  from  time  to  time
require,  or  send  to  the  registrar  a  return  of  the
benefits  assured  and  contributions  receivable  from
all  the  members  of  the  society,  and  of  all  its  funds
and  effects,  debts  and  credits,  accompanied  by
such  evidence  in  support  thereof  as  the  chief
registrar  prescribes,  in  which  case  the  registrar
shall  cause  the  assets  and  liabilities  of  the  society
to  be  valued  and  reported  on  by  some  actuary,
and  shall  send  to  the  society  a  copy  of  his

(a)  This  is  a  continuation  of  a  provision  found  in  every
Friendly  Societies  Aet  since  the  year  1829  (10  Cleo.  4,  c.  56;
13  &  14  Vict.  c.  115;  18  &  19  Vict.  c.  63).  An  abstract  of  the
returns  of  sickness  and  mortality  for  the  periods  ending  1860,
1865,  1870,  and  1875  has  been  made  by  the  actuary  to  the
Central  Office  and  ordered  by  the  House  of  Commons  to  be
printed.
            
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