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Published online by Cambridge University Press: 18 August 2016
These notes are a description of a method of valuation which is believed to be new in its application to dividing societies, but they are not intended to deal with the general problems with which actuaries are faced in valuing dividing societies. A method of reorganization of a dividing society which results in a fluctuating dividend is also suggested.
* Extract from Provident Societies And Industrial Welfare by E. W. Brabrook, C.B. (former Chief Registrar of Friendly Societies), 1898.