Abstract
I cannot recall that national fuel policy has ever previously been the subject of a paper to the Institute, though it is becoming quite usual for the Institute to address itself to subjects outside the traditional actuarial fields. Nearly all the Alfred Watson Memorial Lectures, for example, have been on outside subjects and two of these, ‘Some thoughts on economic forecasting’ by Sir Alexander Cairncross (as he is now) and ‘Problems in forecasting in the chemical industry’ by Sir Paul Chambers, have certain links with the subject of this paper.
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