The previous papers on reversions read before the Institute have dealt mainly with the theory of the subject. It may be useful, therefore, to afford members who have to deal with reversionary securities as investments rather than mathematical problems, an opportunity of discussing some of the practical questions connected with them. In this I am following the example of Mr. Neil Campbell, whose paper, read before the Faculty of Actuaries in 1902, contained much valuable information of a practical character, and led to an interesting discussion.
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