Inspection of books

(1) The Registrar General may, if he thinks fit, on the application of ten members of a society, each of whom has been a member of the society for not less than twelve months immediately preceding the date of the application, appoint an accountant or actuary to inspect the books of the society and to report thereon. (2) The following provisions shall have effect where an application is made under subsection (1) of this section, (a) the applicant shall deposit with the Registrar General such sum as security for the costs of the proposed inspection as the Registrar General may require; and (b) all expenses of and incidental to any such inspection shall be defrayed by the applicants or out of the funds of the society or by the members or officers or former members or officers of the society in such amounts or portions as the Registrar General may require. (3) A person appointed under this section shall have power to make copies of any books of the society and to take extracts therefrom at all reasonable hours, at the registered office of the society, or at any place where the books are kept. (4) The Registrar shall communicate the results of any such inspection to the applicants and to the society. 28