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FRIENDLY SOCIETIES. 109
Note: This text has been automatically extracted via Optical Character Recognition (OCR) software. The text has not been manually corrected and should not be relied on to be an accurate representation of the item.
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Transcript
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Note: This text has been automatically extracted via Optical Character Recognition (OCR) software. The text has not been manually corrected and should not be relied on to be an accurate representation of the item.
Additionally, when viewing full transcripts, extracted text may not be in the same order as the original document.
Life Assunaisrce Has Long Since Become A...
Bad management has been another very active cause of the failure of these institutions ; the books have been badly kept , the
or funds no interest improperl realized y invested so that , or the their calculations investment are delaye falsified d , and , for little all
tables presuppose that , a moderate rate of interest will be continuously realized upon the subscriptions . Add to this source of
fallato cious longer fraud calculation than ; the is sick necessary , the yield facilit to a burden the y afforded temptation on the by funds of careless idleness matter , and , management the with and idle remain them lay
That themselves this is up frequentl when y there the case is very is apparent little iven number the from the of fact the , members that the . rates of sickness are higher among a g
of these Societies than among an e _iual number of persons of the same It seems age and desirable occupation before who are proceeding unconnected w _^ ith with the them more . special
mode object of of investment this paper , which and assurance is to deal for "with women Friendl , to y g Societies ive a short as a this
account of the state of the law with regard to them ; and for , as well as for the foregoing particulars , we are largely indebted to Mr .
_Scratchley's volume " on Associations for Provident Investment . " the The ir object Friendl the y Societie consolid s' ati Bills on of of two the recent laws sessions relating have to Friendl had for y
Societiesand the introduction of such improvements as experience had proved , needful . Mr . Scratchley Actto says lain , " Acts There to have continue been Acts and
to consolidateActs to amends exp . , Acts to do we . know not what , else ; and these various Acts have all _contradicted each other in the most remarkable manner . " The
following are the more important provisions of the Act 18 and 19 Yic . c . 63 : —
2 1 . . 3 A . cts 4 . Societies repealed . under former Acts to continue , and their rules ,
bonds IX , and It shall contracts be lawful to continue for in number force . of to form and any persons
establish . a Friendly Society , under the provisions of this Act , for the purpose of raising by voluntary subscriptions fund of for the members of the
thereofwith or without the aid of donations , a any following 1 . For , objects insuring ; ( a that sum is of to money say , ) to be _} _3 aid on the birth of a
member's childor on the death of a member , or for the , funeral expenses of the wife or child of a member : 2 For the relief or maintenance of the memberstheir husbands ,
. wiveschildrenbrothers or sisters , nephews , or nieces , in old sickness , or , widowhoodor the endowment of members age , , ,
or nominees of members at any age : 3 . For Maj any esty purpose ' s principal which Secretaries shall be of authorized to State which , or the b in y Scotland one of and her by the Lord Advocateas a powers
facilities of this Act , purpose ht to be extended : oug
Friendly Societies. 109
FRIENDLY SOCIETIES . 109
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Citation
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English Woman’s Journal (1858-1864), Oct. 1, 1860, page 109, in the Nineteenth-Century Serials Edition (2008; 2018) ncse.ac.uk/periodicals/ewj/issues/ewj_01101860/page/37/
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