✨ Legislation Text
226
Title: AN ACT for the Regulation and Management of Friendly Societies in New
Zealand.
(Assented to 16th August, 1856.)
Preamble.
WHEREAS the protection and encouragement of Friendly So-
cieties, for raising by voluntary subscriptions of the Members
thereof separate Funds for the purpose of affording relief and
maintenance to the Members thereof in sickness, old age, and for
other purposes of a provident and benevolent nature is likely to be
attended with very beneficial effects by promoting the happiness of
individuals, and at the same time diminish public burthens; and as
it is expedient to give protection to such Societies and the Funds
thereby established, and to afford encouragement to form like So-
cieties within the Colony of New Zealand : Be it therefore enacted
by the General Assembly of New Zealand as follows:---
Objects for which
Friendly Societies
may be established.
-
It shall be lawful for any number of persons to establish a
Society, or Branch of the same, under the provisions of this Act,
for the purpose of raising by voluntary subscriptions of the Members
thereof, with or without the aid of donations, a Fund for any of the
following objects; that is to say- -
For insuring a sum of money to be paid on the death of
a Member to the widower or widow of a Member, as the
case may be, or to the child, or to the executors, adminis-
trators, or assigns of such Member, or for defraying the
expense of the burial of a Member, or of the husband,
wife, child, or kindred of a Member, subject always to the
restrictions hereinafter enacted in that behalf. -
For the relief, maintenance, or endowment of the Members,
their husbands, wives, children, or kindred, in infancy,
old age, sickness, widowhood, or any other natural state
of which the probability may be calculated by way of
average. -
For insuring or making good any loss or damage of live or
dead stock, goods, or stock-in-trade, implements and
tools, sustained by any Member by fire, flood, ship-
wreck, or any contingency of which the probability may
be calculated by way of average. -
For the frugal investment of the savings of the Members,
for better enabling them to purchase food, firing, clothes,
or other necessaries, or the tools, implements, or materials
of their trade or calling, or to provide for the education
of their children or kindred; Provided that the shares in
any such Investment Society shall not be transferable,
and that the investment of each Member shall accumu-
late or be employed for the sole benefit of the Member
investing, or of the husband, wife, children, or kindred of
such Member, and that no part thereof shall be appro-
priated to the relief, maintenance, or endowment of any
other person whomsoever; and that the whole amount of
the balance due according to the rules of such Society to
such Member shall be paid to him or her on withdrawing
from such Society.
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NZ Gazette 1856, No 32
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Text of the Friendly Societies Act, 1856
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🏛️ Governance & Central Administration16 August 1856
Friendly Societies Act, Legislation, Preamble, Objects, Insurance, Investment