Volume 1

Observations on reversionary payments; on schemes for providing annuities for widows, and for persons in old age; on the method of calculating the values of assurances on lives; and on the national debt. Also, essays on different subjects in the doctrine of life-annuities and political arithmetic ... / by Richard Price. The whole new arranged, and enlarged ... by William Morgan.

  • Price, Richard, 1723-1791.
Date:
1812
Catalogue details

Licence: Public Domain Mark

Credit: Observations on reversionary payments; on schemes for providing annuities for widows, and for persons in old age; on the method of calculating the values of assurances on lives; and on the national debt. Also, essays on different subjects in the doctrine of life-annuities and political arithmetic ... / by Richard Price. The whole new arranged, and enlarged ... by William Morgan. Source: Wellcome Collection.

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    with little or no variation :—But in most of those offices the profits, instead of being equally divided, as.in the Equitable Society, . among the assured, are to be distributed exclusively among the assurers, in propor- tion to the sums which they have subscribed towards forming the capital of the company. I am sorry, however, to observe, that I know of no society or company of this kind whose plan is altogether unexceptionable.— ‘The original constitution of the Equitable — Society was formed on principles which must long ago have produced its ruin, had it not been timely checked and improved by the prudent forbearance.and discretion of succeeding members. By, the measures taken. to guard against the improvident distribution of its stock, and, as far as circumstances will admit, to make every person to participate in preportion to his interest in such part of the surplus as may be safely alienated from its capital, this Society cannot well be made more secure, or rendered a greater benefit to the public—But it should be remembered (and it behoves the new Assurance Com- panies to bear it particularly in mind) that the premiums of this Society were originally twice as high as they are at this time—that they had existed 20 years before those pre- miums