(1) [deleted]
(1A) [deleted]
(2) This subsection applies to a friendly society which carries on long term business -
(a) if its rules do not contain provision for calling up additional contributions, for reducing benefits or for claiming assistance from other persons who have undertaken to provide it; or
(b) if its annual contribution income from long term business exceeded 500,000 ECU for 3 consecutive years and it is not the subject of a direction under subsection (5) below;
and, for the purposes of paragraph (b) above, years ending before 1st January 1985 shall be disregarded.
(3) This subsection applies to a friendly society which carries on general business -
(a) if its rules do not contain provision for calling up additional contributions or for reducing benefits; or
(b) if its annual contribution income from general business in any previous year exceeded 1,000,000 ECU and it is not the subject of a direction under subsection (5) below;
and, for the purposes of paragraph (b) abov
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