This paper has been written to present a new approach to the determination of approximate actuarial formulae. The method employed involves using certain desirable conditions to find the values of arbitrary parameters in a general formula. It is considered that the best way to introduce the new method is by example, consisting of applications of the new technique to some practical problems in the theory of compound interest.

Page 85, penultimate line to read: ‘were suspended, not merely for a few days, to be followed shortly in 2 by the’

Page 86, third line. For ‘Three’ read ‘There’.

Part 1, back cover and Part 3, contents list of volume. Seventh item: For ‘1976’ read ‘1977’.

Page 209, third line. For ‘Hutchinson’ read ‘Heinemann’.

Page 301, fourth line of fourth paragraph of Mr Hey's remarks. For ‘Integrals’ read ‘intervals’.

Page 304. Mr Carter's remarks should begin:

‘I think the definition of ‘provision’ in the Companies Act is easy to understand: it is any amount set aside to meet a known liability, the amount of which cannot be determined with substantial accuracy. A ‘reserve’ is anything which is not a ‘provision’!

Page 305. Ninth line of first paragraph of Professor Cox's remarks. For ‘Coshy’ read ‘Cauchy’.