ERRATA. There are a number of typographical errors which will be noted on reading, such as the omission of "i" in "provision," page 11, line 11, and omission of "a" in "valuation," page 35, line 1. It is only intended to call attention to such errors as are material. Page 16, line 35, paragraph 5, "tables" should be inserted after " graded," to read, "adjusted and graded tables." 66 66 Page 17, line 9 from bottom of page, strike out future" and insert before increase" in line 8 from bottom, to read, as a provision for the future increase." Page 47, line 22 from bottom of page, insert "to" after "previous.” 66 Page 90, line 30, insert single premium for the" before "annuity" to read, "The single premium for the Annuity is found," etc. Page 93, last line, "cost is" should be "costs are." Page 95, the second paragraph from top of page is only conditionally accurate in statement. On account of the complicated nature of the questions involved, it were better to omit the paragraph. Page 97, the statements in the first paragraph have been questioned by every actuary who has read the book, and with reason. The author was not definite, and was only correct in purpose and not in expression. He had in mind the application of the rates to old societies in changes for their old business. Owing to the low mortality assumptions of the N. F. C. Table, and the generally high death-rate among old members, it would require forfeiture of reserve accumulation to offset excess in actual mortality. At least such is my conviction. And it might require forfeitures from young and new members to make good deficiencies of the old, under any plan of reorganization which involves the charging of level premiums. Where the old members are set into a separate class, and rates made applicable only to new members, then I would consider it safe to allow surrender values, or for new societies it would be safe. However, consideration was mainly given to the re-organization of old societies, in writing the book, hence the broad statements of the paragraph. Page 99, line 2 from bottom, "present" should be "prospective," to read, "Order has a prospective deficiency." Page 105, line 20, "have paid" should be "pay." Page 108, line 20 from bottom of page, insert "not" after "will" to read, not allow of statements." "will Page 109, all paragraphs after the first, and preceding the heading, "Another Case of Error," should be quoted, being the utterances of the Vice-President of the National Fraternal Congress. PUBLISHED BY THE AUTHOR WINCHESTER, TENNESSEE |