Articles of the Annuitant Society. 13 BOUT the year 1766, several persons entered into a society under the title of bodies of people have published their schemes to the world; but not one of them appears to me so well calculated for general utility as The Public ANNUITANT SOCIETY. The plan, it must be allowed, is greatly superior to any thing hitherto oficred to the public; it is built upon a more permanent 'foundation, and uliered into the world with greater credit and reputation, as it is countenanced by Sir Richard Glyn, B116Det, who is the president.' I Mall not fay any thing invidious with regard to come other societies, but I cannot help observing, that I had much rather become a member of The Public ANNUITANT SOCIETY than any other : I therefore hope, that, for the good of the public you will insert, in your next Magazine, the inclosed pro posal, which will doubtlets oblige many of your readers, and particularly, your molt humble servant, THOMAS BENNET, Τ Η Ε PUBLIC ANNUITANT SOCIETY. Calculated to produce a FUND to support the SURVIVING MEMBERS, on a NEW PLAN. To commence January the 21tt, 1771 ; under a deed to be inrolled in the High Court of Chancery. Held at the Queen's Arms Tavern, in St. Paul's Church-Yard. TERMS OF ADMISSION. VI. The annuitants are to be paid teftants, who become members of quarterly. this fociety under the age of forty, will VII. The directors will meet to admit be intitled to thirty pounds per annum at the age of forty-seven; and at the age of members the ift and 3d monday in every month. Chrisimas-day. IX. Every person, when required by between the ages of forty and fifty years, the directors, shall produce a certificate, must continue such fir seven years before alfidavit , or affirmation of their age ; and they are entitled to thirty pounds per without such certificate, attidavit, or affirannum; and ten years before they are marion, they shall not be entitled to reentitled to fifty pounds per annum. ceive their annuity. III. Every person who ihall become a member at the age of fifty years or "p member is to pay 5 - 3d. over and above X. Every person, to be admitted a wards, fj?!! be entitled to the whole annuity of fitty pounds at the end of leven the money specified in the tables, as a years; a circunstance, tho' extremely e- provision for contingent expences. quitable, that has not been attended to XI. Persons becoming members, whose by any other society. admillion fine does not exceed twenty iv. That every member Thall continue Guineas, may pay it at two quarterly their usual quarterly payments, uniil they payments; and if more t'ian twenty, at are entitled to fifty pounds per agnum, three quarterly payments. and afterwards no more than the sum of pne pound ten shillings quarterly. XII. The movey receive. I will be deV. Those menibers who are prevented, potited in the hands of Sir Richard Glyn, by indispolition or insirmi ies, from at: Bart. and Thomas Kallifa', Biq; bauktending to receive their annuity, may, by ers; and from time to tive invested i! a pow.r of attorney and a proper certis'. the public funds, in the names of the cate of their being alive, empower any president, vice-president, and four other piacr perQn to receive it for them. directors to be panied by inc focicty. TO 14 Articles of the Annuitam Society. To the PUB L I C. I T that the plans hitherto proposed for nuity of fifty pounds at the end of seven the benefit of those who shall attain the years. age of fifty years or upwards, are calcu- It is easily conceived, for example, that lated greatly in their favour who enter when a person of fifty or fixty years of about the middle age of life, and are age Mall' become a member, an annuity highly disadvantageous to those wko en- for such an advanced life, at the end of ter at an earlier or more advanced period : feven years, is infinitely more pleasing in in all the focieties of that kind hitherto prospect, than the fame annuity at to existing, if any one enters a member at diftant a period as that of then years : fixty, or even feventy years of age, he and on the other hand, a life to young as mult continue so ten years before he be- thirty-four or thirty-five, must be much comes entitled to receive any aunuity ; better pleafal with the expectation of and a person of only forty becomes like: succeeding to a comfortable provision at wife entitled at the end of ten years : we forty-seven than at fifty. flatter ourselves therefore that our plan is To descend to particulars is unnecessaupon a more equitable footing for aged ry. The nature of the plan is so very siembers; and also more worthy the at- obvious to those who peruse the tables, tention of younger members than any yet that we cannot entertain a fingle doubt extant. It will appear by the propofals but every man of candour will pronounce annexed, that every one who enters un. it the most eligible that has yet appeared; der forty years of age, becomes entitled and we have the fatisfaction of knowing, to his annuity of thirty pounds at the age that when we become entitled to the anof forty-seven, and fittý pounds per an- nuiry, there will be a very ample fund to num at the age of fifty; and every person pay it with. who becomes a member between the ages N. B. This Society has only had one of forty and fifty years, will be entitled to meeting to admit members, when, I am an annuity of thirty pounds a year at the informed the two first tables were entirely end of seven years, and fifiy pounds at filled. Their next meeting, is on Mon. the end of ten years, from his entrance; day the 4th of February. and any one who enters at, or aficr, the Tables for the admitting Members into the Anxuitant Society, TABLE the Firft, for the ADMISSION TABLE the Third, until our Number of MEMBERS, is Three Hundred. | Age. | Age. Agc. | Age. Quarterly Quarterly Quarterly Quarterly Quarterly e Quarterly Payment Payments < Payments Payments Payments Payments 1. s. d. d. I, s. , 1. S. d. O4 923 012 644) 3 456 Awws NNNNNNN OO o 7 I 19 0574 تما م و ة | Age. TABLE the Second, until our Number TABLE the Fourth, until our Number is Two Hundred. je Four Hundred. Quarterly Quarterly Quarterly Quarterly & Quarterly Quarterly Payments Payments Payments Payments Payments Payments 1. s. d. 1. s. d. l. s. d. 1. S. d. 1. s. d. 1. s. d. o NI 2 10 0 2 0 4 323 O 12 10 210 5 3 23 0 13 0 44 3 5 0 3 o 4 O À 6 6 240 12 O 12 645 3 5 6 24 0 13 O 13 6 o 12 O 14 ооо van w ооооооо O ܕ ܘ ܚܗ ܘ ܘ ܚܙܗ ܘܘ ܚܘ ܘܘ ܚܙܗ ܘܘ ܬ ܘ ܚܙܗ ܘܘ ܚܗܟܘ ܚܙ ܩܘ ܚܙܘ ܘܗ งง ๒ % 9 ๐ ง wN w 1 16 13 $9 4 3 60 4 2 614 0 0623 o 1631 3 16 TABLE 16. Tables for the admitting Members into the Annuitant Society. TABLE the Fifth, until our Number is o go og Number of Members. Five Hundred. 18 40 | Age. Quarterly s Quarterly Quarterly 23 | 22 24 | 23 26 25 O O O O O O O O O O O O O O O O d. 1. s. 1. S. d. 0143 3 13 6 6 44 3 13 6 o 24 045 313 6 25 46 3 13 6260 6.47 3 12 6 9 27 0 48 3 12 o 0 28 6.49 3 II o 3 29 5 5° 4 18 6 6 30 I 7 6 51 4 18 6 10 931 52 4 18 6 6 53| 4 18 6 12 8 3 33 I 18 54 4 18 6 13 6 34 1 6 55 4 18 6 140 9 35 2 o 1510 0 36 2 10 057 4 15 6 16 37 2 17 584 14 17 o10 0 383 4 6 59 12 6 18 olo 6 39 3 10 0 60 4 11 o 19 Ο ΙΙ 0 40 3 13 661 4 9 o 20 IT 6 41 3 13 61 62 4 7 21 O 12 6 142 3 13 6163| 4 3 00 00 OO OON Vaaaaa 19 25 24 of 19 18 of 32 31 15 13 9 of 26 7 of 25 5 23 22 TAB LE for ADMISSION F IN ES. Any Person may be admitted on the Terms of the First TABLE, until our Number shall be One Hundred ; on the Terms of the w Second TABLE, until our Number shall be Two Hundred; and so on, by the other Tables, till our Number shall be Five Hundred ; and afterwards by such - TABLES as the MEMBERS shall agree to offer to the Public. The above Tables sufficiently point out the Advantage of becoming early a Member of this Society as there is a gradual Advance both on the Admission Fine, and the Quarterly Payment, at the close of every Hun- . dred Members. |
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