A striking indication of the little interest taken by the actuarial profession generally in the subject of Pension Funds is shown by the fact that in the many published volumes of the Journal of the Institute, hardly any information is to be found with reference to such Funds.

This lack of interest in Pension Funds was noticed some time ago by Mr. Ryan (page 470, vol. xxxi, of the Journal), who remarked that “ it was a very curious thing that the important “ question of the valuation of Widows Funds had on no occasion “ been treated by contributors to the proceedings of the Institute. “ In Dr. Sprague's 20-volume Index there was absolutely no “ reference to the question of Widows’ Funds. … He might “ add that the Index to the Journal contained no entry relating “ to superannuation schemes, which was again a matter of great “ public importance.’