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Articles of the Annuitant Seciety.
To the Editor of the OXFORD MAGAZINE.

SIR,

the Laudable Society for the benefit of age, and since that time feveral other 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 ofic: ed :o the public; it is built upon a more permanent foundation, and ulicred into the world with greater credit and reputation, as it is countenanced by Sir Richard Glyn, B116net, who is the president.' I fall not lay any thing invidious with regaid to lume 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, thuis for the good of the public you will insert, in your next Magazine, the inclosed priposal, which will doubtlets oblige many of your readers, and

particularly, your nott humble servant,

THOMAS BENNET,
Τ Η Ε

PUBLIC ANNUITANT SOCIETY.

Calculated to produce a FUND to support the SURVIVING MEMBERS, on a
NEW PL'AN; To commence Jantlary the 21!t, 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.

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ERSONS of either sex, being Pro- VI. The annuitants are to be paid

teftants, who become members of quarterly. this Tociety 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 ist and 3d monday in every

month. fifty, to an annuity of fifty pounds per. annum during life; together with such a VIII. Two general meetings of this portion of the increase as the fund of this fociety shall be held every year, viz. the society will adınit, provided it does not fecond monday after midlunmer and exceed fixty pounds in any one year.

Chrisimas-day: II. Those who commence inenibers

IX. Every person, when required by between the ages of forty and fifty years, the directors, ihall produce a certificate, mult continue such fir leven years before allitavit, or affirmation of their age ; and they are entitled to thirty pounds per without such certificate, attidavit, or athrannum; 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 up

X. Every person, to be admitted a wards, 1;.!! be entitled to the whole an- member is to pay 5: 3d. over and above nuity oi fitty pounds at the end of seven 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. Perloos becoming members, whole by any other society.

admillion fine does 116i exceed twenty IV. That every member shall continue Guineas, may pay it at two quarierly their usual quarterly payments, inuil they payments; and if more than twenty, at are entieled to fifiy pounds per aurum, three quarterly payments. and afterwards no more than the sum of one pound ten fillings quarturly.

XII. The movey receive { will be de V. Those menibers who are prevented, potited in the hands of Sir Richard Glvi), by indifpofition or infirmiies,' from at: Bart. and Thomas Hallita, Biq; buktending to receive their annuity, may, by ers; and from time to time invested in 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 pilcr perQn to receive it for them. directors to be named by inc lociity.

TO

Articles of the Annuitant Society.

To the PUBLIC. IT T is a general and just observation, age of fifty, is entitled to the whole an

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- 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 fall 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 same annuity ať so existing, if any one enters a member at diftant a period as that of then years : fixty, or even seventy years of age, he and on the other hand, a life so young as must continue so ten years before he be- thirty-four or thirty-five, must be much comes entitled to receive any aunuity ; better pleaseil with the expectation of and a person of ovly forty becomes like- fucceeding 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 stembers; 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 proposals 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 cntitled to the anof forty-seven, and fifty pounds per an- nuity, 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

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Tables for the admitting Members into the Anxuitant Society,

TABLE the First, for the ADMISSION TABLE the Third, until our Number) of MEMBERS.

is Three Hundred.

Quarterly Quarterly QuarterlyllQuarterly Quarterly Quarterly

Payments Payments < Payments Payments Payments Payments

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TABLE the Second, until our Number TABLE the Fourth, until our Number is Two Hundred.

ic Four Hundred. Quarterly Quarterly Quarterly Quarterly bo Quarterly Quarterly Payments Payments Payments Payments Payments Payments

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16.

Tables for the admitting Members into the Annuitant Society.

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TABLE the Fifth, until our Number is $858 g Number of

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TAB L E for ADMISSION FIN E S.

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Any Person may be admitted on

the Terms of the First TABLE, until our Number shall be One Hundred; on the Terms of the 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 Hundred Members.

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