Journal of the Institute of Actuaries, Vol. 28 (Classic Reprint)

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Excerpt from Journal of the Institute of Actuaries, Vol. 28In the first place, the material interests involved are of comparatively small importance. Again, Actuaries have not been practically concerned in the solution of this special problem and again, Surveyors, who are chiefly responsible for enfranchisement valuations, have scarcely understood it.Enfranchisement tables have from time to time been issued from the office of the Land Commission for the guidance of Surveyors, and other tables have been published with explanations and methods of solution of the problem, notably, by Mr. Rouse in his Copyhold Enfranchisement Manual, and by Mr. Ed. Smyth in various papers read before the Institute of Actuaries and the Institution of Surveyors.But the explanations are insufficient and the solutions unsound, and all the published tables, without exception, have at least one common serious defect.The enfranchisement value of the fines expectant on death and alienation are not separately stated, and the tables cannot therefore be properly applied to those cases, probably a majority in number, in which these fines are unequal.An attempt is made in the following pages to set out the enfranchisement problem in a precise actuarial form, and to give a practical solution of it, founded upon certain assumptions which, in the absence of proper statistical information, must necessarily be made.About the PublisherForgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.comThis book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully, any imperfections that remain are intentionally left to preserve the state of such historical works.