till he reaches the age of 70 years. He should then commence as a recipient of old-age pay. An insurance securing him 4s. a week for life would receive from the surplus fund an additional 2s. or 2s. 8d. When this admirable application of surplus money was first made, which was on the suggestion of the founder of the society, the directors allowed it to commence from the date of the next preceding valuation. In some cases, payments of 10l. or 12l. thus became due to old men and women who had never had so much money in their lives, and who shed tears of joy when it was placed, without any previous intimation, in their hands, and they were further informed of additions to be made to their future weekly allowances. It is right to add that, with the exception of a small amount which was in the early days of the society subscribed by honorary members and benevolent people, under the impression that a friendly society is a charity, the capital is the accumulation of the contributions of the benefit members, together with the savings in the management, which is upwards of 30 per cent within the margin allowed for expenditure. With reference to the sickness pay ceasing at 70 years of age, it may be noted that this is as far as such a provision can go. Of late, the Registrar of Friendly Societies and some actuaries have recommended 65 years as the limit, against which there is nothing to be said unless that the earlier date of 65 strengthens the foolish prejudice, carefully fanned by the managers of pauperising public-house clubs, who tell their dupes that sickness pay should be available in a good club for the term of their natural lives! We cannot, however, insure sickness pay for the breaking up of the constitution in old age. "The days of our age are threescore years and ten, and though men be so strong that they come to fourscore years, yet is their strength then but labour and sorrow." The insurance against sickness must cease at the common limit, and those who survive it should be provided with the superannuation allowance.
The "endowment" insurance is but little used by the farm labourer. Women servants, however, have a fancy for it. An endowment of 10l. to be paid at the end of 7 years costs 2s. 2d. a month, a sum which a careful servant is oftentimes able to save. The same amount payable at the end of ten years from commencement of the insurance costs 1s. 6d. a month. Here is an opportunity for a labourer's daughter who gets into a good place, which is often turned to account, and by and bye the girl reaps the benefit of her forethought by the possession of a little dowry. The probability is that a girl who saves something of her wages, instead of wasting them in dress and trinkets composing the requisites of fashionable life below stairs, becomes a prudent wife
