Insurance Against Exam. Failures.

Per N.Z.U. Press Burean.

Providence College, U.S.A.

A new plan has been evolved by a group of enterprising "seniors" who have formed the "Student's Protective insurance Company."

For a premium ranging from 50 cents (2/-) for freshmen to 35 cents (1/5 ½) for seniors, the company will guarantee an undergraduate's complete scholastic programme for a semester.

If he fails to attain the passing mark of 60, the Student insurance Company will assume the payment of all conditional examination fees to the college, amounting to two dollars (8/-) for the first try and five dollars (£1 for the next two attempts afforded by the college.

Following the policy of regular insurance companies who issue pamphlets on disease the students' new organisation will Issue a syllabus of scholastic "hot tips" for the examinations to policy holders in an effort to cut down academic "[unclear: mortalliy]" and lower premiums.

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