Pub Date : 1900-01-01DOI: 10.1017/S0071368600003815
T. Anderson
{"title":"Corporate Executors and Trustees.","authors":"T. Anderson","doi":"10.1017/S0071368600003815","DOIUrl":"https://doi.org/10.1017/S0071368600003815","url":null,"abstract":"","PeriodicalId":121129,"journal":{"name":"Transactions of the Faculty of Actuaries","volume":"67 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126165331","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 1900-01-01DOI: 10.1017/S0071368600001592
D. Scrimgeour, D. Kellock
{"title":"Note on the Reconstruction of a Given Marriage and Mortality Table to Allow for an Altered Mortality","authors":"D. Scrimgeour, D. Kellock","doi":"10.1017/S0071368600001592","DOIUrl":"https://doi.org/10.1017/S0071368600001592","url":null,"abstract":"","PeriodicalId":121129,"journal":{"name":"Transactions of the Faculty of Actuaries","volume":"13 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129848622","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 1900-01-01DOI: 10.1017/S0071368600008727
J. McCutcheon
Although detailed proofs of certain of the more elegant fundamental properties of splines are sometimes non-trivial, the basic underlying ideas are very simple indeed. With a modern computer it is easy to implement the methods described in this paper. Many computer libraries will include optimisation and spline subroutines which can be combined conveniently for this purpose. (For example, several of the calculations in this paper were carried out with the aid of NAG library facilities.)
{"title":"SOME REMARKS ON SPLINES","authors":"J. McCutcheon","doi":"10.1017/S0071368600008727","DOIUrl":"https://doi.org/10.1017/S0071368600008727","url":null,"abstract":"Although detailed proofs of certain of the more elegant fundamental properties of splines are sometimes non-trivial, the basic underlying ideas are very simple indeed. With a modern computer it is easy to implement the methods described in this paper. Many computer libraries will include optimisation and spline subroutines which can be combined conveniently for this purpose. (For example, several of the calculations in this paper were carried out with the aid of NAG library facilities.)","PeriodicalId":121129,"journal":{"name":"Transactions of the Faculty of Actuaries","volume":"80 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128415537","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 1900-01-01DOI: 10.1017/S0071368600000574
J. Govan
{"title":"On a General Expression Embracing Lubbock's and Woolhouse's Summation Formulas","authors":"J. Govan","doi":"10.1017/S0071368600000574","DOIUrl":"https://doi.org/10.1017/S0071368600000574","url":null,"abstract":"","PeriodicalId":121129,"journal":{"name":"Transactions of the Faculty of Actuaries","volume":"40 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129326357","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 1900-01-01DOI: 10.1017/S0071368600000550
Austyn J. C. Fyfe
{"title":"Notes on Summation and Interpolation.","authors":"Austyn J. C. Fyfe","doi":"10.1017/S0071368600000550","DOIUrl":"https://doi.org/10.1017/S0071368600000550","url":null,"abstract":"","PeriodicalId":121129,"journal":{"name":"Transactions of the Faculty of Actuaries","volume":"22 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127055639","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 1900-01-01DOI: 10.1017/S0071368600009514
P. Parker, P. Gibbs
A time-honoured convention in accounting has been that accounts should be based on historic cost, with all items being recorded in terms of the purchasing power of the pound at the date of each transaction. In a period of rapid inflation, accounts on the traditional basis become distorted and dangerously misleading. The authors describe the theory and practice of the proposals of the Accounting Standards Steering Committee for current purchasing power accounting and examine replacement cost accounting, comprehensively applied, as an alternative. They point out the advantages, despite somewhat greater practical difficulties, of current value accounting. A sample of large United Kingdom companies is analysed and the effect on their earnings of the A.S.S.C.'s proposals is estimated where these figures are not already published. Share price movements by different industry sectors over the last five years are examined in relation to changes in earnings on inflation accounting principles. It is stressed that gaining from inflation accounting is not the same as gaining from inflation, and that liquidity is a separate question. Problems of taxation (notably on stock appreciation) are discussed and practice in other countries is mentioned, as are the implications for price controls, trade unions, and indexation. The authors hope that the Sandilands Committee on Company Accounts and Inflation will find a convincing case for inflation-adjusted accounts to form the basis for taxation and price controls. They look forward to the gradual abandonment of historiccost accounts, regarding the proposals of the A.S.S.C. as a desirable but imperfect first step, and urge that meantime investors and creditors should make their own estimates of the impact of inflation on particular companies.
{"title":"Accounting for Inflation—Recent Proposals and Their Effects","authors":"P. Parker, P. Gibbs","doi":"10.1017/S0071368600009514","DOIUrl":"https://doi.org/10.1017/S0071368600009514","url":null,"abstract":"A time-honoured convention in accounting has been that accounts should be based on historic cost, with all items being recorded in terms of the purchasing power of the pound at the date of each transaction. In a period of rapid inflation, accounts on the traditional basis become distorted and dangerously misleading. The authors describe the theory and practice of the proposals of the Accounting Standards Steering Committee for current purchasing power accounting and examine replacement cost accounting, comprehensively applied, as an alternative. They point out the advantages, despite somewhat greater practical difficulties, of current value accounting. A sample of large United Kingdom companies is analysed and the effect on their earnings of the A.S.S.C.'s proposals is estimated where these figures are not already published. Share price movements by different industry sectors over the last five years are examined in relation to changes in earnings on inflation accounting principles. It is stressed that gaining from inflation accounting is not the same as gaining from inflation, and that liquidity is a separate question. Problems of taxation (notably on stock appreciation) are discussed and practice in other countries is mentioned, as are the implications for price controls, trade unions, and indexation. The authors hope that the Sandilands Committee on Company Accounts and Inflation will find a convincing case for inflation-adjusted accounts to form the basis for taxation and price controls. They look forward to the gradual abandonment of historiccost accounts, regarding the proposals of the A.S.S.C. as a desirable but imperfect first step, and urge that meantime investors and creditors should make their own estimates of the impact of inflation on particular companies.","PeriodicalId":121129,"journal":{"name":"Transactions of the Faculty of Actuaries","volume":"32 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127232337","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 1900-01-01DOI: 10.1017/S0071368600005279
J. McCutcheon
{"title":"Some Problems Relating to the Construction of Life Tables","authors":"J. McCutcheon","doi":"10.1017/S0071368600005279","DOIUrl":"https://doi.org/10.1017/S0071368600005279","url":null,"abstract":"","PeriodicalId":121129,"journal":{"name":"Transactions of the Faculty of Actuaries","volume":"22 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127430710","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 1900-01-01DOI: 10.1017/S0071368600006352
A. Hewat, Colin S. Penn
{"title":"Life Assurance Underwriting.","authors":"A. Hewat, Colin S. Penn","doi":"10.1017/S0071368600006352","DOIUrl":"https://doi.org/10.1017/S0071368600006352","url":null,"abstract":"","PeriodicalId":121129,"journal":{"name":"Transactions of the Faculty of Actuaries","volume":"22 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128981583","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 1900-01-01DOI: 10.1017/S0071368600005218
R. Bews, A. P. Limb, W. M. Morrison, G. M. Murray
{"title":"Scottish Bankers' Mortality and Marriage Experience, 1950-1966","authors":"R. Bews, A. P. Limb, W. M. Morrison, G. M. Murray","doi":"10.1017/S0071368600005218","DOIUrl":"https://doi.org/10.1017/S0071368600005218","url":null,"abstract":"","PeriodicalId":121129,"journal":{"name":"Transactions of the Faculty of Actuaries","volume":"33 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128888377","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 1900-01-01DOI: 10.1017/S0071368600005887
J. Buchanan
{"title":"Notes on graduation","authors":"J. Buchanan","doi":"10.1017/S0071368600005887","DOIUrl":"https://doi.org/10.1017/S0071368600005887","url":null,"abstract":"","PeriodicalId":121129,"journal":{"name":"Transactions of the Faculty of Actuaries","volume":"27 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132324838","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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