Text-Book of the Principles of Interest, Life Annuities, and Assurances, and Their Practical Application

Whilst the greatest effort has been made to ensure the quality of this text, due to the historical nature of this content, in some rare cases there may be minor issues with legibility. In issuing the Second Part of the Text-Book (the preparation of which was entrusted to Mr. George King, in succession to Mr. W. Sutton who was unable to continue the work for reasons explained in the Preface to the First Part,) the Council of the Institute Of Actuaries desire to express their great satisfaction at the able manner in which the whole work has been performed by these gentlemen. At the same time they wish it to be understood that their object in publishing this work is to place in the hands of Students and others, a Treatise on the Principles of Interest (including Annuities-Certain) and the Theory of Life Annuities and Assurances, and that they do not hold themselves responsible for any opinions expressed therein by the respective Authors. They also point out that the numerical examples are to be regarded simply as Illustrations of the Mathematical Theory, and not as Rules or Directions for applying the theory to actual practice.