statutory balance sheet "statutory balance sheet" and "statutory valuation" mean respectively a balance sheet lodged with the Director General in order to comply with section 22 (1), and a valuation of which the results are shown in a valuation balance sheet lodged with him on an actuarial investigation made in order to comply with section 23 (1) and - (a) any reference to the last statutory balance sheet or to the last statutory valuation shall be construed as referring to that last prepared or made and not superseded by the arrival of the date as at which another is to be prepared or made; and (b) any reference to there being shown in a statutory balance sheet or on a statutory valuation a surplus of assets over liabilities of an insurance fund shall be construed accordingly by reference to the prescribed form of balance sheet or valuation balance sheet and to the rules to be followed under this Act in preparing it; ACT 89 - INSURANCE ACT 1963(Revised 1972) [Repealed by Act 553] 1A. Interpretation.