Industrial Investment And Emigration: Being a Treatise On Benefit Building ...

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Industrial Investment And Emigration: Being a Treatise On Benefit Building ...
Arthur Scratchley
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Mr. Willich, in his valuable ** Popular Tables," has deduced the following simple formulss for remembering the Expectation of life at any age between 5 and 60 : By the Carlisle Law, the expectation is two-thirds of the difference between 81i and the present age.
By the English Life Law, the expectation is two-thirds of the diffierence between 80 and the present age.
Thus, as a person becomes one year older, his Expectation diminishes eight months only ; and three times the difference between th
...e expectation of lifo at any two ages, b equal to twice the difference between the ages.] Digitized by Google ON THE BONUS PRINCIPLE. 9 must be considered as presenting one main improvement, that was wanting in life assurance, to remove the only selfish objection to which that beneficent invention of science was formerly open : viz., that those who live pay for those who die beforehand ; since the periodical allotments of *Bonus, if calculated upon the principles we have recommended, tend continually to restore the balance of advantage to those mem- bers who survive each division of profits.

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