The Archive · 1938

When Failure Pays

All sorts of unusual risks can no be insured against. The latest is failure to pass examinations. An organization ¢o provide this cover has just been formed at one of the American Universities. Premiums, paid weekly, are graded according to the student's record, the difficulty of the subject and the time still left before the examination. Unsuccessful candidates receive a lump sum sufficient to pay further coaching tees.

Italy insures her athletes against death and injury—she is the only country to do so—and gives them free policies as rewards for outstanding sports achievements. In England professional cricketers fre. quently insure against wet weather for their benefit matches. A policy for £900 might cost as much as £170, but owing to the vagaries of the English climate most players consider such a proposition worth while.

A pair of spectacles worth fourpence are insured for £5,000. They belong to Harold Lloyd. Having worn them in all his famous films he has come to regard them as a lucky charm. The policy is said to have cost £100 and it was taken out, appropriately enough, at Lloyd's, of London.

Many an uncommon risk has been handled at this famous clearing house. Insurance has covered a multitude of twins, for instance, Regarded at first as a rather freakish proposal, insuring against the arrival of twins has become a routine affair for Lloyd's underwriters. A story is told of a country parson who took out one of these insurances. Shortly before the expected date~of the birth a sealous clerk, whose job it was to remind clients that their policies were about to expire, sent the vicar a notice asking if renewal of the policy was desired.

Tunis, Apr. 18.

Twelve Tunisians and four Italians were given sentences varying from one day in prison and Frs. 50 fine to one year in prison and Frs. 5,000 fine in the military court here today when found guilty of carrying prohibited arms when a state of siege was declared following the incidents of April 9.

The same military tribunal, which also acquitted two Tunisians today, is to hear proceedings against thirty others who were arrested on Thursday, April 21. Judgment on the leaders of the New Destour Nationalist Party, recently taken into custody when their association was dissolved, will not be delivered before next month.

Text read from the printed page and cleaned; old type leaves the occasional error.

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