Paragraph 7 Specified income
In respect of a friendly society which, for the year ended 31st December 1993, was required under section 43 of the 1974 Act to send to the Chief Registrar an annual return in the form of Form A.R.10 or Form A.R.10A, the value of the specified income for that relevant year is the sum of the amounts required to be entered at the following entries in Form A.R.10 or Form A.R.10A (whichever the friendly society is required to send to the registrar):
in form A (“INDUSTRIAL ASSURANCE FUND”), the entry for “Totals” of the gross amount of premiums of assurance income;
in form B (“OTHER ASSURANCE FUNDS”), the entry for “Totals” of the gross amount of premiums of assurance income; and
in form D (“RENT AND INTEREST ALLOCATION ACCOUNT”), the entry at the last line,
less any amount entered at the entry for “Other Income (to be specified)” in form D that is not income from interest on investments.