Friendly Societies Act Amendment Act 1913 (WA)

WESTERN AUSTRALIA.

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ANNO QUARTO

GEORGII QUINTI REGIS,

VIII.

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No. 8 of 1913.

AN ACT to amend the Friendly Societies Act,

1894.

[Assented to 29th October, 19131

Legislative Assembly of Western Australia, in this present Par-B E it enacted by the King's Most Excellent Majesty, by andwith the advice and consent of the Legislative Council and liament assembled, and by the authority of the same, as follows:—

1.      T his Act may be cited as the Friendly Societies Act Amend- Short title.

ment Act, 1913, and shall come into operation on a day to be fixed

by proclamation.

2. Section twelve of the Friendly Societies Act, 1894, is hereby Amendment of

amended as follows :— Section 12.

(a.) By the deletion of the words "up to five per centum per annum," in paragraph (3) thereof, and the substitution of the words "except as hereinafter provided":

(b.) By the deletion of the word "five," in paragraph (4) thereof, and the substitution of the words "four and a-half ": and

1913, No. 84 Friendly Societies—Amendment. [4 GEO. V.

(c.) By the addition of the following words to the said para-

graph (4), that is to say :—

" When any funds are invested in Government Securi- ties of the State of Western Australia, or in debentures or other securities of the corporation of any municipality in Western Australia, and the interest accruing from such investment is less than four and a-half, but not less than four. per centum per annum, then for the purposes of this paragraph the investment shall be deemed to be and treated as producing interest at four and a-half per centum per annum."

By Authority': FRED.' \V StxtesoN, GO men Minter, Perth.