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Other Societies on Register. At the end of 1910 there were 17 isolated friendly societies, 5 juvenile societies, 17 working-men's clubs, and 18 specially authorized societies : total, 56. TRADE-UNIONS. Two trade-unions were registered during the year —viz.. the Papaioa Coal-miners' Trade-union (if Workers and the New Zealand Federation of Labour. The registry of two trade-unions was cancelled during the year —viz., that of the Napier Carpenters and Joiners' Union, and the Shipmasters' Association of New Zealand. There were 17 societies on the register at the end of the year. Complete Amendment op Rules. New Zealand Locomotive Engine-drivers, Firemen, and Cleaners Association. INCORPORATED SOCIETIES ACT. The Incorporated Societies Act, 1908, came into operation on the Ist January, 1909. During 1910 there were 65 societies, clubs, or associations incorporated under this Act, and amendments of rules of 36 societies were accepted. Four societies were wound up, and two dissolved. On the 31st December, 1910, there were 634 incorporated bodies under this Ad. EXPLANATORY NOTE OF TERMS DSED IN REPORT. A.O.F. .. .. .. .. Ancient Order of Foresters. A.O.S. .. .. .. .. Ancient Order of Shepherds. 8.U.0.0.F. .. .. .. .. British United Order of Odd Fellows. H. A.0.8.N. .. .. .. .. Hibernian Australasian Catholio Benefit Society. I.F.S. . . . . . . . . Isolated Friendly Society. LO.G.T. .. .. .. .. Independent Order of Good Templars. 1.0.0. F. .. .. .. .. Independent Order of Odd Fellows. 1.0. R. .. .. .. .. Independent Order of Reohabites. M.U.1.0.0.F. .. .. .. .. Manchester Unity Independent Order of Odd Fellows. N.1.0.0.F. .. .. .. .. National Independent Order of Odd Fellows. P.A.F.S.A. .. .. .. .. Protestant Alliance Friendly Society of Australasia. R.E.B.S. .. .. .. .. Railway Employees' Benefit Society. S.A.S. .. .. .. .. Specially Authorised Society. S.D.T. .. .. .. .. Sons and Daughters of Teni|«'riincc. 1. A.0.1). .. .. .. .. United Ancient Order of Druids. W.M.C!. .. .. . . .. Working-men's Olub. REPORT BY THE ACTUARY.

The Registrar. As in previous years, the valuations made during 1910 were based upon the experience of New Zealand friendly societies up to age 70, and upon Sutton's English Sickness Tables and Farr's Healthy English Mortality Tables after tlint age. Where the societies' experience showed a consistent divergence from the standard due to some definite cause, as in the case of miners and females, the results were suitably modified. A difficulty in friendly-society valuations arises from the fact that, except in consolidated societies, almost every branch of fifty or a hundred members is financially independent of every other branch in regard to its most onerous liabilities (the sickness risks), so that each takes its own chances. This introduces an clement of uncertainty into a matter which is already sufficiently complicated —viz., the valuation of the sickness liabilities. No valuation tables based upon large numbers can possibly fit accurately the circumstances of every individual branch, and to attempt to value each on its own experience (containing possibly a considerable element of fluctuation) would involve other objections. The tables mentioned above are, however, found to he reasonably suitable in the majority of cases, and the data always given with the valuation reports enable any necessary mental reservations to be made in individual instances. As many of those interested do not seem to fully realize how the benefits drawn out by members increase with age, it will be of some interest to give the experience of the societies valued in 1910 in regard to this point. It is found that in these societies dining the five years preceding the valuation date— The members under 40 years of age drew out 18s. 2d. per annum each in benefits : The members from 40 to 65 years of age drew out £1 18s. per annum each in benefits : The members over 65 years of age drew out £6 7s. lid. per annum each in benefits. These figures include over 9,000 members, all the members being taken into account whether they drew benefits or not, and the facts given present a bird's-eye view of the working of a

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