Assurance Compantes.

(Ch. 31. No. 19.

or in separate groups, as it thinks expedient, upon the
principles laid down in this section.

20. (1) Where an assurance company is being wound up
by the Court, or subject to the supervision of the Court,
or voluntarily, the value of a policy of any class or of a
habilitv under such a policy requiring to be valued in such
winding up shall be estimated in the prescribed) manner
applicable to policies and liabilities of that class.

(2) The rules in the Schedule hereto shall be of the
same force, and may be repealed, altered, or amended, as
if they were rules made under and for the purposes of the
Judicature Ordinanee, and rules may be made under that
Ordinance for the purpose of carrying into effect the
provisions of this Ordinance with respect to the winding
up of assurance companies.

21. The Court, in the case of an assurance company
which has been proved to be unable to pay its debts, may,
if it thinks fit, reduce the amount of the contracts of the
company upon such terms and subject to such conditions
as the Court thinks just, in plac of making a winding
up order,

22. Subject to the provisions of sections 37 and 38 of
this Ordinance, Part X of the Companies Ordinance shall
apply to every assurance company constituted outside the
Colony which carries on assurance business within the Colony
whether incorporated or not.

lurther provisions as to accounts and documents.

23. Documents deposited with the Registrar General,
or certified copies thereof in his custody, shall be open to
inspection, and copies of such documents may be procured
by any person on payment of a fee of twelve cents for every
hundred words copied.

24. (1) every document deposited under this Ordinance
with the Registrar General, and certified by or on behalf of

Valuation of
annuities
and policies.

Power to
Court to
reduce
contracts.

Extension of
Part X of
Ch. 31. No. 1.
to all as-
surance
companies
established
outside the
Colony.
Ord, 31-
1944, s. 2.

Inspection of
documents,

Evidence of
documents.