Although two papers on industrial assurance by K. J. Britt (T.F.A.21, 265 and 26, 200) have been submitted to the Faculty of Actuaries in recent years there have been no similar discussions of this business at Institute sessional meetings. In addition, papers by G. W. E. Allaway (J.S.S.13, 1) and by K. F. Gardner (J.S.S.13, 22) have been published by the Students' Society, but in none of these papers have the particular problems of collecting friendly societies been fully considered. The industrial assurance funds of societies represent approximately one-fifth of all such funds in this country, and this paper is therefore intended to be complementary to those above-mentioned, to introduce current actuarial problems of collecting friendly societies, and to provide a vehicle for general discussion of industrial assurance.