Faculty notice about new Society (5)
I believe the answer is:
Here is my best explanation:
'faculty' is the definition.
(sense is a kind of faculty)
'notice about new society' is the subsidiary indication.
'notice' becomes 'see' (I've seen this before).
'about' indicates putting letters inside.
'new' becomes 'n'.
'society' becomes 's' (common abbreviation in names of organisations).
'see' placed around 'ns' is 'sense'.
(Other definitions for sense that I've seen before include "Intuit; reason", "experience", "Faculty of perception", "Meaning of a word or expression", "Could be hearing", "Could be common or horse", "smell, for example", "Reason; perceive", "One of five main faculties" and "Perceive; meaning".)