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THE following tables were computed by Dr. Price, at the request of a committee of the House of Commons, and were intended to form the foundation of a plan for enabling the labouring poor to provide support for themselves in sickness and old age, by small weekly savings from their wages.-A bill for establishing a plan of this kind was formed and approved by the Commons in the year 1789, but, like Mr. Dowdeswell's bill for the same purpose in the year 1773, it was rejected by the Lords. The importance, however, of these tables is not lessened by this circumstance, and it was the author's intention to have published them, had he lived to complete the present edition of this work. In order therefore to fulfil his intentions, as well as to preserve those valuable fruits of his labour from being lost, I have inserted them, together with his own explanations of their use and construction, in this Appendix; thinking that they may be rendered of great public service in some future time, should the Societies for which they were computed be hereafter established either! by the legistature or by voluntary associations. M.
A copy of this bill and of the tables that were computed for it, has been published by Mr. Baron Maseres, in the 2d volume of his Treatise on the Doctrine of Lifeannuities.
Shewing the Weekly Allowances, during Incapacities of Labour, produced by Sickness or Accidents, and the corresponding Weekly Contributions necessary to entitle Persons to those Allowances..
N. B. The Ages in this and the following Tables, are the Ages at Admission, and the Contributions at Admission are reckoned to continue invariable till they cease at Sixty-five.
SUPPOSITIONS on which this TABLE is formed.
First, That in societies consisting of persons under 32 years of age, à 48th part of them will be always in a state of incapacitation by illness and accidents; and therefore entitled to allowances proportioned to their contributions. Various reasons, and particularly the experience of friendly clubs, determine me to believe that the proportion of the sick to the well in such a society will not be so great as this, and consequently that a weekly allowance during sickness will be more than supported by weekly contributions not exceeding a 48th part of that allowance.
Secondly, It is supposed that from the age of 32 to 42 this proportion increases to one quarter more than a 48th part; from 43 to 51 to one half more; from 52 to 58 to three quarters more; and from 59 to 64 to double. The reason of assuming this rate of increase is, that the probability of the duration of human life decreases after 30 nearly in this manner, or so that a person of the age of 60 has but half the probability of living any given time that a person at 32 has, and consequently must be then doubly subject to the causes that produce sickness and mortality.
Shewing the Weekly Allowances to Persons in Old Age after 65 and 70; and the correspond❤
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