The doctrine of life-annuities and assurances, analytically investigated and pratically explained, to which is now added, an appendix, Volume 21813 |
Common terms and phrases
100 payable according Age per Cent aged 46 aged 50 alluded annual payments answer required Assurance Companies assurance of 100 babilities Cent Ages Cent Cent Cent per Cent consequently decease deduced deferred annuity determine the value Difference of age divided equal Equitable Society Example expectation extinction find the value formula give given lives given sum given term joint lives aged lease lives aged 20 living as observed logarithms London Assurance Company longest method multiplied Northampton table nuity number of persons observed in Sweden Offices oldest Parcieux person aged 20 persons living present value probabilities of living produce purchase Question XXVII quired rate of interest reckoning interest rule in Question SCHOLIUM Showing the value Simpson's rule single lives single payment SOLUTION table of observations temporary annuity three joint lives three lives tion unity added value of 100 value required values of annuities whole continuance wife aged 40 woman aged 40
Popular passages
Page 495 - Such was the decision of the Court of King's Bench in the case of The Tobacco-pipe Makers
Page 471 - ... of the churchwardens and overseers of the poor for the time being, by the direction of the vestry or select vestry, for the benefit of the parish, in the manner herein-after provided.
Page 495 - ... the common grievance, prejudice and inconvenience of his Majesty's subjects, or great numbers of them, in their trade, commerce, or other lawful affairs...
Page 424 - If the estate were not to be entered upon till the extinction of both the lives, then 16-412 (or the value of an annuity on the longest of the two lives, as found by Question VIII.) subtracted from 25, will leave 8•588 for the number of years...
Page 496 - After a lapse, however, of 87 years since any authenticated proceeding has been had upon this branch of the act, and when other ways are still open to the party now applying to put this act in force against offenders, the Court, in the exercise of a sound discretion, under all the circumstances of the case, will forbear to interfere in this extraordinary manner. But, at the same time, we wish it to be understood, that it is not because we think that the facts brought before us are not within the...
Page 465 - ignorance, and supported by credulity and " folly." But this is too gentle a censure. There is reason to believe that worse principles have contributed to their rise and support. The present members, consisting chiefly of persons in the more advanced ages, who have been admitted on the easiest terms, believe that the schemes they are supporting will last their time, and that they will be gainers. And as to the injury that may be done to their successors, or to younger members, it is at a distance,...
Page 505 - ... through, but which opens such a door to fraud and imposition that it cannot be too severely reprobated. And, however much it may be sanctioned by the directors in their public capacity, we are all aware what their emotions would be if they discovered any of their tradesmen tampering with their own servants in this opprobrious manner, since they must well know who would eventually pay for it. I omit to give the names of those Companies who have adopted this nefarious practice, under the hope that...
Page 477 - If circumstances therefore should have still continued unfavourable, the next measure must be, the dissolution of the Society, and a division of the remaining capital among the annuitants and surviving members in proportion to their respective interests in the funds of the Society.
Page 477 - I have had any information respecting them, they are founded on plans equally inadequate, having been formed just as fancy has dictated, without any knowledge of the principles on which the values of reversionary annuities ought to be calculated. The motives which influence the contrivers of these institutions may be laudable ; but they ought, I think, to have informed themselves better.
Page 497 - I forbear to comment on lesser circumstances, such as the smallness of the sum to be subscribed in the first instance, which seems to carry an appearance of holding out a lure to the unwary, and other features in the case. But considering that this is brought forward after a lapse of so many years since any similar prosecution was instituted, and brought forward by a party who does not profess to have been himself deluded by the project ; and the statute...