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Friday, 16 May 1930

Senator MCLACHLAN (South Australia) . - I propose to move -

That, after the word " that," second occurring, the following words : - " subject to actuarial valuations of the liabilities under the policy contracts," bo inserted.

The actuarial liabilities are calculated by the actuary, and if some such provision is not made, the auditor would be required to see that his calculations were correct. That is outside the duty of an auditor.

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