its made in the name or for the benefit of a child, unless
these deposits are made by the children themselves, in which case they
merely show the authority of their parents as guardians until they have
attained the age of sixteen. Married women may make deposits
independently of their husbands, but unless these deposits are gifts to
them, they are held to be equally the property of the husband and wife
where these are not legally separated. In case of the absence either of
the husband or of the wife for more than a year, a justice of the peace
may authorise the deposit of money to the exclusive benefit of the
partner on the spot. Deposits of one franc are received from one person,
but in no case can one person deposit more than one thousand francs a
year. The capital deposited may be alienated to the fund or reserved. In
the latter case the capital may be returned, but without interest, to
the representatives of the depositor in case of death. Any reserved
capital may be alienated for the purpose of increasing the income at a
certain age, to be named by the depositor when he signs the alienation.

The pension incomes are guaranteed by the State. They become payable at
any full year of age selected by the depositor between fifty and
sixty-five years. After sixty-five the pension-income is paid to the
depositor from and after the first quarter-day following the deposit. Up
to 360 francs the pension-incomes are not liable to be seized for debt.
If they accrue from a capital presented to the depositor the donor may
have them declared unsellable to their full amount.

Funds deposited in the National Sayings Bank may be transferred in
whole, or in part, to the National Retiring Fund for Old Age.

Under the conditions of this fund an annual alienated deposit of 10
francs, begun at the age of thirty years, will secure the depositor at
fifty an annuity of 28 fr. 62 c., at fifty-five of 47 fr. 89 c., at
sixty of 81 fr. 43 c., and at sixty-five of 145 fr. 97 c.

The regulations adopted by the Anzin Council in 1886 are intended to
duplicate the results of this system of the National Retiring Fund for
the benefit of any workman who chooses to make himself a depositor in
the National Fund to the amount of 1-1/2 per cent. of his annual wages.

Suppose, for example, a miner earning 1,500 francs a year chooses to
deposit in the National Retiring Fund 22 fr. 50 c. a year. Upon
verification of this the Anzin Company will pay into the s