The Sun.
London, England, 1852-07-06 00:00:00

JULY 6, 1852

INSTITUTE OF ACTUARIES OF GREAT
BRITAIN AND IRELAND.

The annual general meeting of this institution was
held on Liriturday, at the society's rooms, 12, Cha-
tham-place, Blackfriars. Cnarles JelHew, E 1.., took
tine chair.

Mr. Samuel Brown, the hon. secretary, read the
notice convening the meeting, and afterwards the re-
port of the council on the general progress of the
society during the past year, which, among other
matters stated :

" During the session 48 new members have been
Pleated, whilst the vacancies occasioned by retirements
end death amounted to 13 only. The total number on
the b .oks of the institute is now 244. In addition to
these, four honorary members have been elected by the
institute, whilst the council have been enabled to told
to the list of correspoi,d ng members no less than 42 of
the most distinguished actuaries or managers of foreign
countries; by tneans of whom the ins irate has been put
in communication with 27 of the leading Mies in Bel-
ginm, Canada, France, Germany, Holland, Russia., Swe-
den, Switz-itland, and the United States of America.
"The library, which is now becoming itnpor, ant, has
been increased during the session by presentations of no
less than 614 volumes and patephietic. Amongst the
donors of these, the council are gratiii,al at being able to
enutuerata the Board of Trade, the Commissioners in
Lunacy, the Commissioners of Railways, the Committee
of Council on Education, the Ecclesiastical tiomtnis-
sioners, the General Board of Health, the Home Otlice,
the Inspectors of Factories, the Prior Law Board, the
Registrar General, the Surveyor General of Prisons,
the Royal Astronomical Society, the Royal Scottish
Society of Arts, the Statistical Society, the Royal In-
stitution, the Elul Society of Edinburgh, the Geolo-
gical, Pathological, and Pharmaceutical Societies.
The council having long had under their considera-
tion the great inconvenience arising from the prevailing
uncertaiaty as to the proper rates to be charged for re-
sidence in foreign climates, and for other extra risks,
and believing that data existed ainont,:st the records of
the life assurance societies of this country calculated to
afford the means, when collected, of driving at the value
of such risks, took measures at the early part of the
session to obtain the data in question. They are happy
to Sty that fifty-two companies, at much cost of time
and labour. readily supplied their experience, compris-
ing in all 6,151 cases; and the council are now engaged
in the laborious task of classifying and arranging the,
data thus obtained, with a view CO deduce from thew the
required information.
" The members will, no doubt, have noticed that a
Committee of the House of Commons has been engaged
during the session in the consideration of the subject of
the property and inc ime-tax with a view to determine
the true principl. aof direct. taxation. It is gratifying
to the council to observe, from the remarks of the Chao-
cellnr of the Exchequer, that the evidence given before
the committee by members of the institute has tended to
throw much light on that intricate question. The
council are glad to perceive one of the most important
functions or the institute so soon called into exercise.
" Some months back a petition to the Elou,e of Com-
mons was prepared in reference to the privileges claimed
by a few companies enrolltd under toe Friendly Societies
Act. The council, on consideration of the subject, b..ing
of opinion that the prayer of the petition was nor. quite
in accordance with the liberal views which the institute
has ever sought to uphold, framed one themselves, and
caused it to be presented. Both were referred to a Se-
lect Committee of the House, and members of the insti-
tute have been examined at great length upon them.
" The inquiries of the select committee have not been
confined to the question above alluded to solely, but
have extended to almost all the points which bear upon
the condition and prospects of friendly societies.
" The council, for some time past, have had under
their consideration the means of publishing iu a more
stltiatac,ory manner than has hitherto been done, the
Pipers read before the institute.
" Lastly, the council have to announce that they have
completed a negaciation with the Statistical Society, in
accordance with which the institute will, after :Michael-
mas next, be admitted on moderate terms to the use of
the rooms in Sr. James's-;quire. Mr. Cheshire, they aro
most happy to sk,y-,
has been appointed assistant secre-
tary to the Statistical Society, and will act in that capa-
city for butte parties, very much, it is believed, to the
advantage of each "
The amount of
read, Which receipts and disbursements was
gave the following results := Total
amount of r'ceipts, including subscriptions in 1850-
51, and for 1851.52, Stc., 683/. 3i. 7d.; expenditure,
rent, and general charges, 369/. 14s. 4d.; extraordi-
nary expenditurel2s 6 ; leaving a balance in
favour of the society of 225/. 16s. 21.
On the motion of the Cnaiamart, seconded by an
associate present, the report and account of receipts
and expenditure
Were approved and confirmed.
Various alterations were
agreed to in several
clauses of the rules and regulations, and while the
scrutineers were engaged in ascertaining the result of
the ballot for a president, council, and officers for the
year ensuing,
Mr. BERRIDGE moved, and COLVIN seconded, a
vo'e of thanks to the six retiring directors.
Mr. PORTER moved, and Mr. CoLviN seconded, a
vote of thanks to the council generally.
The CHAIRMAN, in appropriate terms, acknowledged
the compliment.

Mr. CoLvls moved a special vote of thanla to Mr.
Jellicoe, for his ►able conduct in the chair that day,
and for his unremitting attention to the business of
this instittrion.

Mr. JeLLtCOE again shortly expressed his sense
of the kindness with which his efforts had been met.
Toe list of gentlemen
_proposed by the council in.
chided, as presid-mt, John Finlaisnn, E-q. (late Go•
vernment actuary); vice-presidents, Messrs. P,ter
Hardy, Francis G. P. Neison, J. J. Sylvester. Wm.
Thorns, Thomson; as treasurer, J din Lawrencm ; as
Linn. secretaries, Messrs. Sitnuel Browne and John
Hid Williams ; and 14 other getlemen as members
of the council, All these gentlemen were unani•
mously elected.
CONS a-WT.ION AND LAWS OF THE INSTI-
TU TE OF ACTUARIES OF GREAT BRITAIN
AND IRELAND. _

~SECTION I.

THE OBJECTi OF THE INSTITUTE AND ITS CONRTITUTION.
leTree lustitute of Actuaries of Great alma and
Ireland is an association founded for the purpose of
tolc.vating the attainments and status and promoting the
mound efficiency of all who are reglged in occupations
connected with the pursuits of an actuary; and fur the
extension and improvement of the data and methods of
the science which has its origin in the application of the
doctrine of probabilities to the affairs of life, and from
which life a,surance, annuity, reversionary interest, and
other analogous institutions derive their principles of
operation, It embraces as its peculiar province of in-
quiry all inoni,tary questions involving a cor.sideration
of the sieparate or combined eff:cts of interest and pro-
bability-

2. It consists of contributing members, viz , fellows
and associates (those of the latter who are ur may be-
come princip 11 officers of any life assurance. annuity,
on
or reyersiary interest society, being distinguished by
the title of " official as-tocia(e*"), and non. contributing,
viz, honorary, foreign, and corresponding members.
a president and council, elected
bylt is governed by
ny and subject to the control of general meetings.

NAVAL INTELLIG6NCE.
PoaTsmouTll. MONDAY.—hear-Admiral the Dako of
e Narthumeerbsnd, K.G., First Lord of the Admiralty,
r. Pelham,
by the Duchess and Captain the Hon. F.
" Pelham, R.N., his private secretary, arrived at this
Port at six o'clock this afternoon, and embarks this
evening in the Admiralty steam yacht Black Eagle,
Master Commander Tetley, for the Channel Islands.
„ Captain-Lieutenant"
Norwegian Majesty's war brigantine Sleipner, 4,
usetttin-Lieutenant" Fleischer, arrived at Spithead
Yesterday evening from Fredericksvaern, last from the
North Sea, where she has been cruising and practising
greet gunnery, accompanied by the corvette Ellida, which
vessel has 60 cadets on board studying practical seaman-
-8;2 40., and with whom the Sleipner parted company
Ca day morning, the corvette proceeding for Brest.
(accompanied by M. L. A. Vanden-
CP4ia Fleischer
this his Norwegian and Swedish Majesty's Consul at
"4 Port)paid his respects to the Port-Admiral, mSir
e; Tat; Briggs, G.O M.G., this morning at the Ad
L—raeg-house, where he will have the honour of dieing
se, arrow evening, accompanied by his Consul. Tee
elPuer has been supplied with water from the victual-
sdineg_ establishment, and will take in a stock of provi-
oce'n Bhe will remain hero a few days to allow of her
Lh'"e`imer: inspecting the dockyard, &c., which a party of
de to (4" done to-day, under the escort of M. Le Comte
. :!asee Hence she proceeds to Cherbourg.
Lite
Ottom llthuess Said Pacha, accompanied by M. Zahliat,
—ae Coned General; Captain Claremont, of the
b‘bj'etinntitdaleaell, Rifles, and suite, left the Portland Hotel,
Ad Yesterday afternoon, in open carriages, and ern-
ark—
at 4 quarter to live o'clock at the town sallyport
in the,:pott Admiral's barge, which conveyed him to the
I.UP"o steam yacht Cas,idcaida, in the harbour, on
his boesrding which the Victory hoisted the Turkish flag
are%heer 'ere, and saluted it with 21 guns. To-day his
Captain Henderson,
.e.geness, Uttiler the pilotage of Ca
C. 8., of th a Blenheim, has taken a cruise in his yacht as
far as tlvi
Captaiu
Seuthampton water, with the view of giving
eeenderson a good opportunity of ascertaining
her seaworthiness in the engine department, the yacht
having Prelessedl come to this port to obtain a refit in
that particular. 3'
The Jackal 'team-vessel, Lieutenant-Commander Bed-
ding6ald, arrived here yesterday afternoon from the coast
of Africa, last from Pyinouth, and came into harbour.
She brought oneernumeraries end seamen paid off from
the giefo, 116, at Davueport. Sae pvocecda m -orrow
for W 001,,icb (to which pl,ce she carries snperianera-
ries) to he raid off and ~,fitted.
The Vulean irot, steam troop-frigate, Commander Von
Donop, left Spithead this afternoon for Qaeenstown,
where she will embark troops for Melbourne and S.) d-
aeY, Seuth Australia.
The Basilisk, 6, steam-sloop, Commander the Hon. F.
Egerton, hauled off from her hulk to the stream this
inernine. to have her compaues adjusted.
The Elinburgh, 58, steemegunnery ehip,Captain new..
lett (acting), went out of harbour at 1, P.M., to-day, teed
anchored at Spithead.
eT2
The Sharpstio Ater, 8, screw steam-vessel, Was to
ken
taken the steam basin this morning, and the Fire teken our, after refit. Que Her Mljesty's yacht Victoria and Albert CI
Lord Aduiphus Fi zolaretic , and E, —Wain
Fairy tender,
went out wes of harbour to Co this. morning, to remain
m
in attendance upon the QUPPre. c
APPOINTMENTS. aiande,
WO:JLIVICH, JULY 5.---Surgeue—J°"l
Aud"ws (a)
(i 841), tha Meander, 44-, at Chata' atu,