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On the Determination and Division of Surplus, and on the Modes of returning it to the Contributors
Published online by Cambridge University Press: 18 August 2016
Extract
Considering the undeniable importance of a conformity to correct principles in carrying out the processes which must he resorted to for the purposes above mentioned, it is not a little remarkable that no work exclusively on the subject has hitherto appeared. If we except Mr. De Morgan’s and Mr. Sang’s Essays and the Observations scattered through the writings of Mr. Babbage, Mr. David Jones, Mr. Samuel Brown, and one or two others, we believe it may be truly said that scarcely any allusion to it is to be found.
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- Copyright © Institute and Faculty of Actuaries 1851
References
page 24 note * If the time of valuation be not at the 30th June, but the 30th Oct., for instance, then regard must be had to the financial, and not the civil year; so that one born any time in 1801, before the 30th April, must be considered as born in 1800—and so on.
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