Hostname: page-component-cd9895bd7-gxg78 Total loading time: 0 Render date: 2024-12-24T13:36:55.195Z Has data issue: false hasContentIssue false

Equitable Society

Published online by Cambridge University Press:  18 August 2016

Abstract

Image of the first page of this content. For PDF version, please use the ‘Save PDF’ preceeding this image.'
Type
Reports of Assurance Companies
Copyright
Copyright © Institute and Faculty of Actuaries 1851

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

References

page 98 note * The amount of the Retrospective additions on the 1st of January next, will be £843,439, of which £734,598 is now to be added. Value £503,330. Amount of Prospective additions would be £86,528 per annum on the £4,326,434, but will necessarily increase as fresh amounts (about £300,000) are added yearly by annual admissions of new Assurances to keep up the constant number of 5000. The sum paid in Prospective additions in the last ten years has been £400,000, which has been a charge on the growing profits,and together with £70,000 paid for the income-tax, has equalled nearly the income derived from the reserve of 1839, taking the 3 per cents. at 90. On a moderate estimate a quarter of a million will be paid for Prospective additions on claims arising out of the Assurances of these new Members in the course of the next 10 years.