Abstract
Members of this Society and of the parent Institute have considered, from time to time, questions affecting the investment of life insurance funds. In the early days ‘Bailey's Canons’ were propounded, and comparatively recently J. B. H. Pegler's ‘Actuarial Principles of Investment’ and H. G. Clarke's ‘Broad Analysis of the Problem’ have been discussed. Also, the more practical aspects of the subject have received due consideration: notably Stock Exchange Investments by A. S. Holness, Loans and Mortgages by W. Murray Simpson and Real Property by G. B. Lane, F.S.I., and W. A. Leach, F.S.I., in 1944, and further by A. C. Wheeler and K. A. C. Wheeler in 1953.My purpose is to present certain legal points affecting these investments. I hope my remarks may to some extent be supplementary to these previous contributions on the subject of investments, and I shall try to avoid covering the same ground.
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