THE DISTRICT OF TRENT, A MODEl, CO-OPERATIVE DISTRICT 27 



its influence in order that the individual societies may profit by the poss- 

 ibility of balancing their risks and securing themselves against disastrous 

 years when the insurance premium far exceeds the ordinary rate of i %. 

 The Provincial Institute has also a reserve fund placed at its disposal by the 

 Province, out of which it meets the half of the claims it has to settle, when 

 the half of the premiums received from the societies are found to be 

 insufficient. The Provincial Institute occupies the position of a Federation, 

 it is not a fiscal office, but rather a simple union of many societies. 



The affiliated societies do not contribute to the expenses of the 

 institute: these are met out of funds provided by the province. 



The societies supervise the working of the Institute by means of an ex- 

 ecutive committee of 8 members, representing them. 



