INFORMATION RELATING TO INSURANCE AND THRIFT 49 



This association comprises butchers, live stock dealers and dealers on 

 commission. The members undertake to insure with the society all their 

 live stock intended to be butchered. Insurance was a,t first limited to ani- 

 mals attacked by tuberculosis or anthrax but was extended to cover all 

 animals sequestrated in consequence of a statement that they were affected 

 hy any disease. 



Premiums are fixed at the following rates : oxen, i lira ; foreign cows 

 and bulls, 3 liras ; home cows and bulls, 5 liras ; thin oxen, 3.50 liras ; calves, 

 o.io lira. The society's property is made up of admission fees, insur- 

 ance premiums, the results of selling the remains of animals, interest on 

 invested sums, repayments of expenses chargeable to insured persons and 

 the reserve fund. The admission fee is 25 liras together with a premium 

 annually determined by the members' general meeting, according to the 

 amount of the reserve fund as shown by the last balance-sheet. The 

 reserve fund is made up of a determined part of each year's balance, certain 

 profits prescribed because they have not been withdrawn within a year of 

 the day on which they became withdrawable, and premiums paid in addi- 

 tion to the admission fee. Indemnities are paid when a declaration of the 

 sequestration is delivered to the slaughterhouse's veterinary office. From 

 this moment the societ}' becomes the owner of the animal, and is responsible 

 for all tolls, costs of slaughter and destruction and knacker's fees. 



The net profits are distributed as follows: one quota to the reserve fund 

 {this was during the first two j^ears 50 per cent, of the annual net profits); 

 3 per cent to the manager ; 2 per cent, to the staff ; the remainder to the 

 members in shares proportionate to the premiums they have paid, if the 

 amount of the sums repaid to them because of casualties do not surpass the 

 total amount of the premiums. 



The association is represented b}^ the members' meeting, the adminis- 

 trative council and the manager. For the annual inspection of accounts 

 there are three commissaries for the accounts and two deputies for them. 

 To decide disputes there is a commission of five members of whom three 

 do not belong to the society. 



Such are the fundamental principles on which this association is orga- 

 nized and on which it works. It enjoys the favour not only of those 

 interested in it but also of the communal authorities. 



