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Railway Debenture Stocks considered as a Security for the Investment of the Funds of a Life Assurance Society

Published online by Cambridge University Press:  18 August 2016

John Coles
John Coles*
Affiliation:
Statistical Society Institute of Actuaries
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Extract

Two valuable contributions to what may perhaps be called the “Finance of Life Assurance” appear in the Assurance Magazine; both by eminent Members of this Institute. The first in 1858 by our present President “On the Investments of the Funds of Assurance Companies;” the second in 1862 by Mr. A. H. Bailey, “On the Principles on which the Funds of Life Assurance Societies should be invested.”

Type
Research Article
Information
Journal of the Institute of Actuaries , Volume 15 , Issue 1 , April 1869 , pp. 1 - 18
Copyright
Copyright © Institute and Faculty of Actuaries 1870

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References

page 1 note * Bonds and Stock.

page 6 note * Includes temporary loans.

page 6 note † Includes East Anglian No. 2 Stock.

page 9 note * In only one instance in the Table will it be found that the Debenture Interest absorbs as much as 50 per cent of the amount available to meet it.