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Article GENERAL MEETINGS. ← Page 7 of 14 →
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General Meetings.
means . Having eulogised the balance sheet , and lauded the successful management he moved , and Mr . White seconded , that Messrs . Bayford , Crosse , and Green , the retiring Directors , be re-elected Directors , which was carried . Moved hy John Hulbert , Esq ., seconded by Latymer George Crosse , Esq ., and carried , that William Hamilton , Esq ., be elected a Director . Moved by William Hastings Martin AtkinsEsq . and seconded by
, , Mr . J . Costelow , aud carried , that Henry White , Esq ., be elected an Auditor . Moved by Professor Owen , seconded by Septimus Read , Esq ., and carried , that the thanks of the Proprietors be presented to the President , Vice-Presidents , Chairman , and Directors . EDWARD SOARD , Esq ., briefly acknowledged the thanks to the Directors .
Moved by Mr . Esdaile , seconded by Mr . Henderson and carried , that five guineas be presented to each of the Auditors . Anthony Stevenson , Esq ., proposed the thanks of the meeting to the Chairman , seconded by Henry Birchfield Swabey , Esq ., and carried unanimously . The CHAIRMAN having returned thanks , the meeting separated .
INSTITUTE OF ACTUARIES . —The first regular meeting was held in the Board-room of the Guardian Assurance Company , on the 2 yth January . John Finlaison , Esq ., President , in the chair . Mr . JENKIN JONES , one of the Honorary Secretaries , read the minutes of the previous meeting and the by-laws , which were confirmed . The PRESIDENT , in opening his inaugural discourse , said—that the members form not a club , but an efficient literary and scientific school , It was the opinion of some of the leading men in our professionthat no
, necessity existed for such an institution . A portion of the press also imputed to us , the arrogance of acknowledging no one fit to be esteemed an actuary but a member . We deny this absurd imputation ; but without questioning the competency of those who decline to unite , we affirm that those who submit to examination , and obtain certificates of competency , shall be worthy of the confidence of their employers . But is the opinion well foundedthat there is no urgent need of such a school .
, The three great divisions of our studies are—1 st : the mathematical formula : 2 nd , the experience , or observed rate of sickness , or mortality prevailing among mankind ; 3 rd , the practical business of a Life Assurance , a Reversionary , and a Life Annuity office . The brilliant works of Mr . Griffith Davies prove that our mathematical knowledge was not , very recently at least , all that could be wished . In the experience of the laws of sickness and mortality much remains to be done . I have before
me documents of the highest interest , which have been compiled by Mr . Alexander Finlaison . These papers contain the facts relating to upwards of fifteen thousand persons of all ages and either sex , enrolled as annuitants in the Irish tontines of 1773 , 1775 , and 1777 ; in the two sets of nominees , selected by the contributors and the government , in the great English tontine of 1789 ; and among the nominees on whose lives annuities were granted by the commissioners for the reduction of
the national debt , during the ten years subsequent to September , 1808 . Up to the present hour , no such mass of facts in this elementary state , has ever been at the disposal of the profession . It is my intention , when the papers have as far as possible been perfected , and when Mr .
Note: This text has been automatically extracted via Optical Character Recognition (OCR) software.
General Meetings.
means . Having eulogised the balance sheet , and lauded the successful management he moved , and Mr . White seconded , that Messrs . Bayford , Crosse , and Green , the retiring Directors , be re-elected Directors , which was carried . Moved hy John Hulbert , Esq ., seconded by Latymer George Crosse , Esq ., and carried , that William Hamilton , Esq ., be elected a Director . Moved by William Hastings Martin AtkinsEsq . and seconded by
, , Mr . J . Costelow , aud carried , that Henry White , Esq ., be elected an Auditor . Moved by Professor Owen , seconded by Septimus Read , Esq ., and carried , that the thanks of the Proprietors be presented to the President , Vice-Presidents , Chairman , and Directors . EDWARD SOARD , Esq ., briefly acknowledged the thanks to the Directors .
Moved by Mr . Esdaile , seconded by Mr . Henderson and carried , that five guineas be presented to each of the Auditors . Anthony Stevenson , Esq ., proposed the thanks of the meeting to the Chairman , seconded by Henry Birchfield Swabey , Esq ., and carried unanimously . The CHAIRMAN having returned thanks , the meeting separated .
INSTITUTE OF ACTUARIES . —The first regular meeting was held in the Board-room of the Guardian Assurance Company , on the 2 yth January . John Finlaison , Esq ., President , in the chair . Mr . JENKIN JONES , one of the Honorary Secretaries , read the minutes of the previous meeting and the by-laws , which were confirmed . The PRESIDENT , in opening his inaugural discourse , said—that the members form not a club , but an efficient literary and scientific school , It was the opinion of some of the leading men in our professionthat no
, necessity existed for such an institution . A portion of the press also imputed to us , the arrogance of acknowledging no one fit to be esteemed an actuary but a member . We deny this absurd imputation ; but without questioning the competency of those who decline to unite , we affirm that those who submit to examination , and obtain certificates of competency , shall be worthy of the confidence of their employers . But is the opinion well foundedthat there is no urgent need of such a school .
, The three great divisions of our studies are—1 st : the mathematical formula : 2 nd , the experience , or observed rate of sickness , or mortality prevailing among mankind ; 3 rd , the practical business of a Life Assurance , a Reversionary , and a Life Annuity office . The brilliant works of Mr . Griffith Davies prove that our mathematical knowledge was not , very recently at least , all that could be wished . In the experience of the laws of sickness and mortality much remains to be done . I have before
me documents of the highest interest , which have been compiled by Mr . Alexander Finlaison . These papers contain the facts relating to upwards of fifteen thousand persons of all ages and either sex , enrolled as annuitants in the Irish tontines of 1773 , 1775 , and 1777 ; in the two sets of nominees , selected by the contributors and the government , in the great English tontine of 1789 ; and among the nominees on whose lives annuities were granted by the commissioners for the reduction of
the national debt , during the ten years subsequent to September , 1808 . Up to the present hour , no such mass of facts in this elementary state , has ever been at the disposal of the profession . It is my intention , when the papers have as far as possible been perfected , and when Mr .