Papers and reports

My aim in this paper is to consider, in general terms, how transport administration at the various levels is dependent on figure processes for its information, its controls, and ultimately for its policy, and how in their turn the figures make practicable, and even shape, the different forms of administration.

These notes are a description of a method of valuation which is believed to be new in its application to dividing societies, but they are not intended to deal with the general problems with which actuaries are faced in valuing dividing societies. A method of reorganization of a dividing society which results in a fluctuating dividend is also suggested.

Sickness tables for non-standard periods are often encountered in Friendly Society practice-more often than may generally be expected. For example, in a substantial Order recently valued by the authors, the first fifty-six lodges were found to be using altogether forty-two such tables. How to treat these benefits actuarially is quite a formidable problem, for no valuation factors are available for non-standard periods and none of the substitutes in general use is entirely satisfactory.

Commemoration of the centenary of the publication of the first dedicated actuarial journal, first called the Assurance Magazine in September 1850, then also known as Journal of the Institute of Actuaries.