Papers and reports

The Indian Insurance Act (Act IV of 1938) was introduced into the Legislative Assembly on 26 January 1937. It was immediately circulated for opinion, prior to its consideration by a Select Committee of the Assembly in Simla, in August 1937. After very lengthy discussions in the Legislative Assembly and subsequently in the Council of State, which were remarkable for the interest and keenness shown by members in the details of the measure, it was passed on 17 February 1938 and received the Governor-General's assent on 26 February. It comes into force on a date yet to be announced.

There are so many phases of the problem of blood pressure that I shall limit myself to dealing with a recent investigation of the mortality on lives accepted as standard risks by the New York Life Insurance Company. The experience investigated was that of new policies issued from 1925 to 1936, inclusive, observed from entry until the anniversaries of the policies in 1937.

The purpose of this paper is to explain a simple method applicable to many practical problems by which (a) we approach more and more closely the true rate of interest sought, and (b) at each stage we obtain limits between which we are sure that the true rate lies. The method depends on (i) ordinary inverse interpolation, and (ii) a knowledge of the signs of the successive derivatives of the function involved. incidentally, the method has applications. to problems other than those of compound interest.

The Indian Insurance Act (Act IV of 1938) was introduced into the Legislative Assembly on 26 January 1937. It was immediately circulated for opinion, prior to its consideration by a Select Committee of the Assembly in Simla, in August 1937. After very lengthy discussions in the Legislative Assembly and subsequently in the Council of State, which were remarkable for the interest and keenness shown by members in the details of the measure, it was passed on 17 February 1938 and received the Governor-General's assent on 26 February. It comes into force on a date yet to be announced.