Reports on the Madras Medical Fund / by Francis G.P. Neison.

Date:
1856
Catalogue details

Licence: Public Domain Mark

Credit: Reports on the Madras Medical Fund / by Francis G.P. Neison. Source: Wellcome Collection.

Provider: This material has been provided by the Royal College of Physicians of Edinburgh. The original may be consulted at the Royal College of Physicians of Edinburgh.

    217/304 (page 203)
    therefore -046415 x 180 - Ifo. 8-3547, which is the yearly value of the risk to which the Fund is exposed for the payment of the temporary annuity or pension of Rs. 180 during the first two years of age. Again employing the same formula, and the same Tables in Mr. Davies’ Report, let us determine the risk during the latter period of the term to which the Fund is exposed to the risk of a son’s pension, say from sixteen to eighteen years of age; the last two years of the unextended benefits, then N,« —N 18 D, = a and N 51,16 — N 53,18 D = a 51,16 *7*] and, in the same manner as before, will — a- s \ X, s\ T768212 — 1-661242 a—| + 458 X,S | 2-119 = -050481, and therefore -050481 x 620 = Rs. 31-29822, which is the yearly value of the risk to which the Fund is exposed in the last two years of the unextended term of the son’s benefits, and which it will be observed is nearly four times that for the first two years of the term. (169.) If, in like manner, the risk for any intermediate period of two years were deter- mined, it will be found to range between the preceding results; say for ages eight to ten, in which Ns Nio -N43,8 N45 Jo = a-\ and =: = a D3 S I D.r> » '43,8 and accordingly, as in the other cases, will a—1 + ’458 X9S\ = T773790 — T670409 = ‘048581, and therefore *048581 x 340 = Rs. 16-517540, which is the yearly value of the risk to which the Fund is exposed while the child is passing through the ninth and tenth years of life. (170.) It is, therefore, obvious that, on account of contingent pensions to children the risk to which the Fund is exposed is an increasing and not a decreasing one. (171.) In the same manner may the aggregate value of the pension be found, as follows : a^\ X 180 = 295-272 T>2 Do X a^\ X 270 = 792-352 Dr d2 X ^r—ill X 340 = 547-881 Du Dr X X 620 = 1130-690 .£*. 2766-195 Carried forward,