Foto de stock - Oct. 29, 1959 - The Schoolboys who formed an Insurance Society Shut Up Shop A school insurance society formed by boys to pay compensation for canings, detentions and lines, has been wound up. One of the organisers, 13 year old Geoffrey Small, of High street, Lowertoft, said yesterday. The headmaster told me he did not think it was a suitable activity in the school, so we decided to drop the whole thing. For months their Middle School Insurance Society, at Lowestoft Gammar School, has paid out 4 shillings for a canning, 3 shillings for detention and 1 shilling for every hundred lines. Subscriptions were 3d a week with a 'no claim bonus' of 2d. for clients who kept out of trouble. Photo Shows: Geoffrey Small (right) and David Wilkin (left) Geoffrey's fellow 'agent' discuss the winding up of their insurance society with John Blundell (centre) their most 'successful' client. (Credit Image: © Keystone Press Agency/Keystone USA via ZUMAPRESS.com)