stitate

JOURNAL

OF THE

INSTITUTE OF ACTUARIES

AND

ASSURANCE MAGAZINE.

"I hold every man a debtor to his profession, from the which as men of course do seek to receive
countenance and profit, so ought they of duty to endeavour themselves by way of amends to be a
help and ornament thereunto."-BACON.

VOL. XVI.

LONDON:

CHARLES & EDWIN LAYTON, 150, FLEET STREET.

EDINBURGH: JOHN GRANT. NEW YORK: J. H. & C. M. GOODSELL,
156, BROADWAY; AND 156 & 158, WASHINGTON STREET, CHICAGO.
PARIS: ARMAND ANGER, LIBRAIRIE DES ASSURANCES, 48, RUE LAFFITTE.
HAMBURG: W. MAUKE SOHNE. LA HAGUE: MARTINUS NIJHOFF.