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Article THE INSTITUTE OF ACTUARIES. ← Page 6 of 7 →
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The Institute Of Actuaries.
mittcd to tho Council , who shall decide on their fitness to he read , and also on their fitness to he inserted in the transactions of the Institute , in tho event of such being published . 29 . The Council shall have power to recommend Honorary Members , to be elected by the Fellows and Associates . 30 . An annual subscription of 3 / . 3 . 5 . shall be contributed by each Fellow , payable in advance . 31 . An annual subscription of 11 . Is . shall be contributed by each
Associate , payable in advance . 32 . There shall he an Annual General Meeting of the Fellows and Associates . 33 . The administrative power of the finances , and the affairs of the Institute generally , shall be in the Council , subject to the control of the Fellows and Associates at the Annual General Meeting . 34 . The Council shall be empowered to prepare a code of by-laws for the government of the Institute , to be submitted for confirmation to a General Meeting of the Fellows and Associates to he summoned for that purpose . 35 . Tlie Council shall hereafter consider the propriety of obtaining a Royal Charter of Incorporation .
After some discussion , the report was received unanimously , after which it was put for adoption , clause by clause . On the first clause being put , Mr . RYLEY moved a resolution to the effect , that the committee be thanked , and empowered to add to their number , and instructed to communicate with the Register General , Mr . Farr , Mr . A . Morgan , and other Actuaries of more than fifteen years '
standing , and , with Sir John Lubbock , Professor De Morgan , Professor Hall , and other mathematicians interested in the theory of Life Assurance , to ascertain their opinions as to the expediency of forming an Institute , and as to the basis upon which it should be formed . After considerable discussion upon extraneous and comparatively unimportant matters , Mr . Ryley ' s motion not being seconded , fell to the
ground . The clauses up to No . 9 were then passed without opposition . On the ninth clause being put , Mr . FINLAY , alluding to the presence of many gentlemen from Scotland , remarked that there they had formed an association for many years past , which they found very useful in obtaining accurate information , and inducing accurate conclusions on
practical points . Clause 9 was then carried unanimously . Clause 10 . after some discussion , was amended by the addition of " or in the service of government" to the words denoting the parties eligible for election , and altering the date from the 8 th to the 10 th of July .
In clause 11 , the date was also similarly altered . Clause 12 was carried unanimously . Clause 13 and 14 were carried , the latter with an alteration of date from the 10 th June to the 8 th July . Clause 15 carried unanimously .
Note: This text has been automatically extracted via Optical Character Recognition (OCR) software.
The Institute Of Actuaries.
mittcd to tho Council , who shall decide on their fitness to he read , and also on their fitness to he inserted in the transactions of the Institute , in tho event of such being published . 29 . The Council shall have power to recommend Honorary Members , to be elected by the Fellows and Associates . 30 . An annual subscription of 3 / . 3 . 5 . shall be contributed by each Fellow , payable in advance . 31 . An annual subscription of 11 . Is . shall be contributed by each
Associate , payable in advance . 32 . There shall he an Annual General Meeting of the Fellows and Associates . 33 . The administrative power of the finances , and the affairs of the Institute generally , shall be in the Council , subject to the control of the Fellows and Associates at the Annual General Meeting . 34 . The Council shall be empowered to prepare a code of by-laws for the government of the Institute , to be submitted for confirmation to a General Meeting of the Fellows and Associates to he summoned for that purpose . 35 . Tlie Council shall hereafter consider the propriety of obtaining a Royal Charter of Incorporation .
After some discussion , the report was received unanimously , after which it was put for adoption , clause by clause . On the first clause being put , Mr . RYLEY moved a resolution to the effect , that the committee be thanked , and empowered to add to their number , and instructed to communicate with the Register General , Mr . Farr , Mr . A . Morgan , and other Actuaries of more than fifteen years '
standing , and , with Sir John Lubbock , Professor De Morgan , Professor Hall , and other mathematicians interested in the theory of Life Assurance , to ascertain their opinions as to the expediency of forming an Institute , and as to the basis upon which it should be formed . After considerable discussion upon extraneous and comparatively unimportant matters , Mr . Ryley ' s motion not being seconded , fell to the
ground . The clauses up to No . 9 were then passed without opposition . On the ninth clause being put , Mr . FINLAY , alluding to the presence of many gentlemen from Scotland , remarked that there they had formed an association for many years past , which they found very useful in obtaining accurate information , and inducing accurate conclusions on
practical points . Clause 9 was then carried unanimously . Clause 10 . after some discussion , was amended by the addition of " or in the service of government" to the words denoting the parties eligible for election , and altering the date from the 8 th to the 10 th of July .
In clause 11 , the date was also similarly altered . Clause 12 was carried unanimously . Clause 13 and 14 were carried , the latter with an alteration of date from the 10 th June to the 8 th July . Clause 15 carried unanimously .