32 INFORMATION RELATING TO INSURANCE AND THRIFT 



ing facts as to its last year of businecs from the report of its council of 

 administration. 



1 916 gave the maximum figure for risks insured by the society: in round 

 figures 100,800,000 liras with a membership of 17,731. The membership had 

 increased by 1071 since the preceding year and the risks by about three and 

 a half million liras. It was a year of violent hail. Out of 221 days of risk 

 there were 99 on which the harvests of members were attacked (there were 

 quite 75 days of hail in the summer), so that on 31 July actual los'se:- of two 

 and half million had already been recorded. The autumn was more propi- 

 tious, bringing only 24 days of hail. Thus the summer which represents three 

 quarters of the risks, represents a loss ; but the autumn a gain. The year's 

 balance-sheet shows a loss of 127,529.86 liras and an actual deficit, including 

 premiums, indemnities and costs, of 268,292.68 liras ; so that when losses 

 had been paid, amounting to 3,786,973.08 liras, these together with costs of 

 administration absorbed in addition to the recovered premiums income on 

 capital to the extent 140,762.82 liras, and 127,529.86 liras which the council 

 of administration took from the reserve fund. The deficit of 127,529.86 

 liras represents the difference between the tariff of 4.67 per cent, which would 

 have been necessary to balance receipts and expenditure, and th?t of 4.54 per 

 cent, which members actually paid. 



* 



3. THE ORGANIZATION OF THE "TERRA ITAI^ICA", A MUTUAI, SOCIETY FOR 

 INSURING AGAINST THE ACCIDENTS OF AGRICUI^TURAI, I^ABOUR. — The 



society's by-laws, Rome, 191 7. » 



In our issue for last March we announced the recent formation of a new 

 mutual society for insuring against the accidents of agricultural labour (i) 

 calling itself Terra Italica and being an outcome of the initiative of the wood- 

 cutters' syndicate. The new society has secured the adhesion of most of 

 the member: of this syndicate and of many farms in the various districts of 

 Italy. As appears from its by-laws its headquarters are at Rome and its 

 action extends over all the agricultural industries which its members prac- 

 tise in the kingdom. It proposes to pay to labourers employed on its mem- 

 bers' farms, in case of the accidents contemplated by the law of 31 January 

 1904, No. 51, the indemnities fijxed by a regulation made ad hoc. A state- 

 ment must be made in the case of every farm to be insured : i) as to the 

 extent of land to be sown, planted with vines and planted with olive trees, 

 that of the arable land lying bare, that of vineyards and special crops, that 

 of underwood, and of woods of foiest trees, edible che.stnuts and pines, and 

 that of uncultivated land and pastureland ; 2) as to the families of labourers 

 dependent on the farm with detailed lists of their members ; 3) as to the 

 numbers of labourers normally employed during the year and in the various 

 seasons on agricultural labour. 



(i) For mutual societies insuring Lii Italy against the accidents of agriculture see our issue 

 for January 191 7, page 43. 



