Gentlemen,—I have to thank you for the honour you have conferred upon me in electing me to be your Honorary President—an honour which I appreciate all the more when there are so many gentlemen connected with the profession better qualified to adorn the post. Had I consulted your interests, I certainly should have declined the office, but the honour was too great to be refused, even although the
... [Show full abstract] acceptance sacrificed your advancement.
Having resolved to accept the position, the difficulty which presented itself to my mind was, on what subject to address you. At first I felt inclined to take as my topic the Education of an Actuary, but on reflection I found that it would be impossible to add anything to what had been said by my predecessors; and however satisfactory this would have, been to me, I felt it might not be so to you; so I at length concluded that, as a scientific paper would be out of place, I could not do better than give you a few practical notes relating to the actuarial profession.