Improvements in or relating to Insurance Systems and the like.
Year: 1898

page_text: PROVISIONAL SPECIFICATION.
Improvements in or relating to Insurance Systems and the like.
I, ALFRED JOSEPH FAULDING, Gentleman, of 13 and 14, Abchurch Lane, London,
in the County of Middlesex, do hereby declare the nature of this invention to be
as follows:-
This invention relates to insurance systems and the like and has for its object
to enable a person to insure himself or his goods against accident, fire or other-
wise for a shorter or longer period in a simple manner and at small cost.
According to this invention a coin freed machine is constructed which on
insertion of a predetermined coin, say for example a penny, delivers to the
depositor a coupon upon one portion of which he writes his name and address;
detaching this portion he deposits it in a suitable part of the machine, retaining
the other part as a check. This coupon is an insurance against accident, fire, or
otherwise as determined, up to some fixed amount such as £50.
The coupons may be arranged to serve as receipts for the sums deposited which
are placed to the credit of the depositor so as to form the basis of an old age
pension or the like.
It will be understood that the coin freed apparatus employed may be of some
well-known construction modified to suit requirements, as for example by the
addition of dating apparatus or other means of checking the period during which
any coupon was taken out.
The form of the coupons themselves may vary and they may bear suitable
printed subject-matter together with advertisements or not as desired, preferably
they comprise card or paper strips perforated so as to enable the part, upon which
the person obtaining the coupon writes his name and address, to be readily
detached.
1000
CUALI DIE
Improvements in or relating to Insurance Systems and the like.
I, ALFRED JOSEPH FAULDING, of 13 and 14, Abchurch Lane, London,
n the County of Middlesex, Gentleman, do hereby declare the nature of this
DS17

page_text: invention and in what manner the same is to be performed, to be particularly
described and ascertained in and by the following statement:-
This invention relates to insurance systems and the like and has for its object
to enable a person to insure himself or his goods against accident, fire or other-
wise for a shorter or longer period in a simple manner and at small cost.
According to this invention a coin freed machine is constructed which on
insertion of a predetermined coin, say for example a penny, delivers to the
depositor a coupon upon one portion of which he writes his name and address;
detaching this portion he deposits it in a suitable part of the machine, retaining
the other part as a check. This coupon is an insurance against accident, fire, or
otherwise as determined, up to some fixed amount such as £50.
The coupons may be arranged to serve as receipts for the sums deposited which
are placed to the credit of the depositor so as to form the basis of an old age
pension or the like.
It will be understood that the coin freed apparatus employed may be of some
well-known construction modified to suit requirements, as for example by the
addition of dating apparatus or other means of checking the period during which
any coupon was taken out.
The form of the coupons themselves may vary and they may bear suitable
printed subject-matter together with advertisements or not as desired, preferably
they comprise card or paper strips perforated so as to enable the part, upon which
the person obtaining the coupon writes his name and address, to be readily
detached.
In applying the invention to a banking system, upon placing a coin in the
machine, a voucher is obtained which upon presentation at some stated address
will enable the holder of the voucher to withdraw the sum deposited.
It is obvious that the invention may be applied to various similar purposes.
Having now particularly described and ascertained the nature of my said inven-
tion and in what manner the same is to be performed, I declare that what I
claim is:
1. A banking or insurance system according to which a voucher or a voucher
and a counterfoil is delivered by a machine on the insertion of a coin for the
purpose described.
2. The complete banking or insurance system involving the employment of a
coin controlled apparatus, substantially as described.
ALFRED J. FAULDING.
Boult & Wade,
Agents for the Applicant.