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Rushden Tradesmen’s Benefit Society – To Be Dissolved
Nearly £30 per Member in Hand
In view of the fact that the National Insurance Bill has become law it has been decided that the Rushden Tradesmen’s Benefit Society, which was established in 1828, and was enrolled in 1879, shall be dissolved. Most of the members are elderly, and the tendency is for the younger men to join one or other of the great registered friendly societies rather than to attach themselves to small local societies. It was increasing difficult therefore, to get new members, and, by almost unanimous vote, the breaking-up of the society was decided upon. The number of members is 108, and over 100 voted in favour of the dissolution of the club.
The average amount of funds per member is £29/11/10½. The annual return of the society shows that the benefit fund at the beginning of the year stood at £3222/2/9 and at the end of the year £3,196/2/10. Members’ contributions amounted to £99/14/0. Sick pay totalled £203/3/0. Medical attendance £13/9/0, and funeral moneys £12/12/0. One item in the expenditure is as follows:- Defalcation of the late treasurer, £31/11/0.
The statement of funds and effects is as follows:- Liabilities: To amount of benefit fund, £3,196/2/10; to amount of management fund, 1/3. Assets: Mortgage on freehold property, £2,500; cash in bank, £696/4/1.
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