Friendly Societies Act 1848 No 14a (NSW)

Wales wi th t h e advice and consent of t h e Legislat ive Council thereof T h a t from a n d after t h e pass ing of th i s A c t i t shall and m a y be lawful for t h e Treasurer Trus tee or Trus tees for t he t ime being of any Fr i end ly Society formed u n d e r t h e au thor i ty of t he said recited Ac t to invest any surp lus funds of any such society wi th the consent and in accordance wi th t he general rules thereof e i ther in Government or Corporal ; 1

No. LIII.

An Act to amend the Act regulating Friendly

Societies in New South Wales.	[17th	June,
1848.]

WH E R E A S it is expedient to amend an Ac t passed by the Governor and Legislat ive Counci l of N e w South Wales in t h e seventh

year of t he re ign of H e r presen t Majesty Queen Victor ia in t i tu led " An Act to regulate Friendly Societies in the Colony of New South

Wales" in so far as re la tes to t h e inves tmen t of t he funds of such

societies Be i t enacted by H i s Excel lency t h e Governor of New South

Corpora te securit ies or in the securi ty of real or landed proper ty in the name of such Treasurer Trus tee or Trustees and from t ime to t ime wi th such consent and in accordance wi th such ru les as aforesaid to wi thd raw from such inves tment any funds which may he requi red to m e e t any proper demands upon any such society and tha t all in teres t and proceeds which shall from t ime to t ime arise from the moneys so invested as aforesaid shall he accounted for and appl ied as in and by

the said reci ted A c t is in t ha t behalf provided.