S.L. 601.1 Art. 75Valuation of securities at close of financial year.

(1) At the close of each financial year each of the securities held on public account or any other account shall be valued at the closing market price published on the stock exchange on which the security is listed on the last trading date of the financial year or the middle market price of the security published by a recognised market maker whichever is the latest. The value assigned to each security in the accounts shall be adjusted so as to correspond with that price.

(2) The amount by which the new value exceeds or falls short of the old value shall be carried to the credit or debit of the proper account to which the securities belong unless otherwise provided for in any law.