London: Charles and Edwin Layton, 1857-1858.. 1857-1858.. Good. - Octavo, softcover bound in printed tan wraps. The wraps are lightly soiled & foxed with the issue numbers handwritten in the top left corners of the front wraps. The spines are darkened & chipped with small pieces out. The Part 6 spine is torn & the lower third of each wrap is detached. Title,  leaf & pages -60 plus index & ads; title,  leaf & pages -120 plus ads; title, [ii] & pages -180 plus ads; title, [ii] & pages -240 plus ads; and title, [ii] & pages -360 plus ads. Partially unopened. Illustrated with tables & with a folding diagram in Part I. There is some light foxing & the page edges are slightly darkened. Good.
The Institute of Actuaries was founded in 1848 and contributed to the study of the theory of life contingencies, enabling an exchange of ideas between its members and bringing about a greater consistency in their methods. Its aims were advanced by the publication of its Journal, originally called The Assurance Magazine, which first appeared in September 1850. The magazine was founded by two well-known actuaries, Charles Jellicoe and Samuel Brown, and was adopted as the organ of the Institute of Actuaries in 1852. Jellicoe continued as its editor until 1867 when he was succeeded by T. B. Sprague. Dust jacket present.