HC Deb 20 November 1918 vol 110 c3451W
Major HUNT

asked the President of the Board of Trade whether there is any authority in the United Kingdom which is able to compel friendly societies to maintain a proper degree of solvency?


Every friendly society is required by statute to have a periodical valuation, which must be submitted to the Chief Registrar of Friendly Societies, but the chief registrar has no power to compel the society to carry out the recommendations of the actuary.