Livres. Centimes.
1. Until 8 years of age 6 0
2. From 8 to 13 years of age 8 0
3. „ 13 to 18 „ „ 10 0
4. „ 18 „ 24 „ „ 12 0
5. „ 24 „ 30 „ „ 13 0
6. „ 30 „ 36 „ „ 14 0
7. „ 36 „ 43 „ „ 16 0
8. „ 43 „ 50 „ „ 19 0
9. „ 50 „ 55 „ „ 23 0
10. „ 55 „ 60 „ „ 28 0
11. „ 60 till death 34 0
There is no limit to the number of shares a person may hold. Each class
is to be closed as soon as the fixed number of shares shall have been
completed.
As soon as a series of each class is closed, a new one will be opened,
to be closed in its turn when the number of its shares shall be
completed.
When 144 series of a class are closed, no further investments will
be admitted. Besides the above annuity, the four last survivors of a
class and of each series will divide between them the four-fifths of
the residue of their account in proportion to the number of shares
belonging to them, the remaining fifth belonging to the administration.
The object of this institution, like the one I have described at
Chaillot, is to make a comfortable provision for old age, by giving
encouragement to a habit of economy. It is open to foreigners as well
as to Frenchmen.
_The Society for the Encouragement of National Industry_ is held
at the Louvre and is open to all the world. Any person may be admitted
a member on being presented by a member, received by the Council
of Administration, and on paying annually _at least_ a sum of
thirty-six livres. The object of this society is to offer prizes for
the invention, improvement and execution of machines or processes,
advantageous to agriculture, arts and manufactures, to diffuse
information respecting agriculture, arts and manufactures and to make
experiments in order to ascertain the utility of new inventions and to
afford pecuniary assistance to artists whose personal poverty prevents
them being able to try the effects of their inventions.
The administration of this society is composed of men of first-rate
ability, and is divided into five distinct committees: The Committee
of Mechanical Arts, the Committee of Commerce, the Committee of
Agriculture and those of Economical and Chemical Arts.