Friendly Societies And Fraternal Orders a History of the Legislation Supervisi
Friendly Societies And Fraternal Orders a History of the Legislation Supervisi
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To quickly assess the difficulty of the text, read a short excerpt:
The advance of three pence in the pound is, in itself, no mean accomplishment, for on a liability of twenty millions, which in round numbers is that of the order, it means a betterment of upwards of a quarter of a million. But the order has done much more than this, although it may not be quite so evident.
No one would think of measuring the speed of a vessel by the distance actually covered in a given time, if it was known that she had been running against a swift cur- rent and a strong head w...ind, but in any estimate of her powers allowance would be made for both. So with the order. The actual distance run may be represented by the actuarial gain of 250, 505 pounds, or the improvement in the degree of solvency of three pence per pound. But the extra expenditure of 359, 105 pounds for sick claims should be taken into account, besides which, the loss of interest on the former declared deficiency amounting at three per cent, compound interest to 375, 236 pounds must also be considered. These two factors may be very fittingly described as the adverse wind and tide which the order had to meet and overcome before any progress could be made, and if this side of the matter be given due consideration, the quarter of a million above mentioned will seem anything but an insignificant sum.
What to read after Friendly Societies And Fraternal Orders a History of the Legislation Supervisi?
You can find similar books in the "Read Also" column, or choose other free books by Abb Landis to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
The advance of three pence in the pound is, in itself, no mean accomplishment, for on a liability of twenty millions, which in round numbers is that of the order, it means a betterment of upwards of a quarter of a million. But the order has done much more than this, although it may not be quite so evident.
No one would think of measuring the speed of a vessel by the distance actually covered in a given time, if it was known that she had been running against a swift cur- rent and a strong head w...ind, but in any estimate of her powers allowance would be made for both. So with the order. The actual distance run may be represented by the actuarial gain of 250, 505 pounds, or the improvement in the degree of solvency of three pence per pound. But the extra expenditure of 359, 105 pounds for sick claims should be taken into account, besides which, the loss of interest on the former declared deficiency amounting at three per cent, compound interest to 375, 236 pounds must also be considered. These two factors may be very fittingly described as the adverse wind and tide which the order had to meet and overcome before any progress could be made, and if this side of the matter be given due consideration, the quarter of a million above mentioned will seem anything but an insignificant sum.
What to read after Friendly Societies And Fraternal Orders a History of the Legislation Supervisi?
You can find similar books in the "Read Also" column, or choose other free books by Abb Landis to read onlineMoreLess
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