26.—(1) No valuation shall be made after the passing of this Act under section 36 of the Act of 1911 of the assets and liabilities of any approved society.
(2) The valuation of the assets and liabilities of the Unified Society made next after the passing of this Act under section 36 of the Act of 1911 shall be made on the basis that the assets and liabilities of the Unified Society include the assets and liabilities of every approved society existing at the date as at which such valuation is made and that the insured members of every such society are insured members of the Unified Society.
(3) The provisions of the Acts relating to surpluses and deficiencies shall apply to the valuation of the assets and liabilities of the Unified Society under the immediately preceding sub-section as if the members of all approved societies were members of the Unified Society as at the date at which such valuation is made.
