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dc.contributor.authorHancock, William John
dc.date.accessioned2007-02-26T18:03:59Z
dc.date.available2007-02-26T18:03:59Z
dc.date.issued1875
dc.identifier.citationHancock, William John. 'On the temporary and the permanent business of friendly societies, with some suggestions for making the latter secure through the agency of the Post Office Insurance and Savings Bank departments '. - Dublin: Journal of the Statistical and Social Inquiry Society of Ireland,Vol. VI, Part XLVIII, 1874/1875, pp484-488en
dc.identifier.issn00814776
dc.identifier.otherJEL N33
dc.identifier.otherJEL I10
dc.identifier.otherJEL I30
dc.identifier.otherY
dc.identifier.urihttp://hdl.handle.net/2262/5716
dc.descriptionRead before the Society, 22 June 1875en
dc.description.abstractFriendly societies are formed to enable labourers by co-operation to guard against the vicissitudes of life?such as temporary want of employment, temporary sickness, old age, and death. Provision for temporary want of employment and temporary sickness may be considered as somewhat analogous to fire insurance, that is to say, in individual cases the contract ends and the claim on the funds of the society ceases with the close of the year or shorter term for which contribution is paid. Each payment of contribution may be considered as a new contract for another term; and so far as sickness is concerned, the rates of contribution are either the same for all ages within the ordinary working period of life, or increase but little, as it is found that the average amount of sickness suffered at each age is nearly uniform from age 16 to about 40; then there is some increase up to about 60; after winch the increase of average sickness becomes considerable. It does not therefore appear to be necessary for societies offering these benefits only to have large reserve funds. Probably a year's income in hand would be sufficient. Such a society having too large funds would run a risk of being broken up by unscrupulous members, for the sake of dividing funds accumulated by the prudence of former members.en
dc.format.extent310560 bytes
dc.format.mimetypeapplication/pdf
dc.language.isoenen
dc.publisherStatistical and Social Inquiry Society of Irelanden
dc.relation.ispartofseriesJournal of The Statistical and Social Inquiry Society of Irelanden
dc.relation.ispartofseriesVol. VI, Part XLVIII, 1874/1875en
dc.relation.haspartVol. [No.], [Year]en
dc.source.urihttp://www.ssisi.ie
dc.subjectFriendly societiesen
dc.subjectPost Office Insurance and Savings Banken
dc.subject.ddc314.15
dc.titleOn the temporary and the permanent business of friendly societies, with some suggestions for making the latter secure through the agency of the Post Office Insurance and Savings Bank departmentsen
dc.typeJournal articleen
dc.status.refereedYes


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