Published online by Cambridge University Press: 18 August 2016
There has been no more valuable improvement in the science of Assurance calculations than that effected by the invention of the Commutation or D and N System of calculation;—a method which, as is now universally known through the writings of Baily, Professor De Morgan and Mr. Gray, we owe, in this country, to the genius of Mr. George Barrett, of Petworth, Sussex. It appeared at first in an incomplete and rather inconvenient form, but various important modifications and extensions of the principle of the method were some time afterwards made; and it was practically applied to the calculation of Life Contingencies by the late eminent actuary Mr. Griffith Davies, with whose name it is now generally associated.
page 200 note * An explanation of the styles of capital employed in this paper will be found in the postscript.
page 207 note * Professor De Morgan's papers have been reprinted in this Journal in Volume XII., p. 528, and Vol. XIII., p. 129. Mr. Gray's papers, afterwards referred to, are reprinted in Volume X.
page 208 note * See Part II. of the Appendix to the Registrar-General's Report for 1844, pages 526 and 527 and 592 and 593. Compire also Introduction to the English Life Table No. 3, page 119 et seq.