A Distinguished Actuary.

Manawatu Herald, 2 March 1893, Page 2

A Distinguished Actuary.

■ ■ --♦ The friends and relations of Mr P, W. v Frankland in this district will be glad to , read the following, which we extract from ' the Post : — The announcement in Satnr- "• day's cable news of Mr F. W. Frankland's J appointment to the position of Associate 5 Actuary in the New York Life Insurance f Company, will, we lU'csure, bo received by his very 'many frier da in New Zealand and Australia with great pleasure. Short, I comparatively speaking, as hay been Mr i Frankland's residence in England, his great abilities, so speedi y recognised in professional circles, have placed him in a commanding position i.i the actuarial and insurance world, but at no time, despite the : absorbing nature of his duties and his rapidly-achieved dir-tinctiou, has he forgotten to say a timely :ind a kindly word for the New Zealand Government Life Insura nce Association, with which he was con- , nected for many years a* Actuary, and \ latterly as Commissioner. A recent issue of the Post Magaz'i <c, which is universally 1 acknowledged by experts to be the best and i most impartial periodical in insurance 3 journalism, contain 1 ; a highly appreciative article summing up the results of Mr Frankland's five y.ars' administration of i the Government Life Insnrauce Depart- • ment, and at a meeting of the Institute of Actuaries, held in Dacember last to discuss | a paper by Mr G-wge King, F.1.A., on " Family Annuities " or " annuities for the 5 poor," Mr Frankland was assigned the f place of honour in the discussion, and was » complimented by tbs President, Mr Angusj tin Hendricks, upon the strength and lucidity of his criticism. Dr. Hunter, the ' member for Dundse, "who followed Mr I Frankland, and wha has been appointed by Mr Gladstone one of the Royal Commis- , sioners to investigate the Poor Laws of England, stated hi; intention to urge the ' Government to follow the example initiated I by Mr Frankland in New Zealand when he , induced Sir Harry Atkinson to alter the r mode of registering births and deaths, so 1 as to provide statistics of orphanhood. In a letter from New York to Mr Geo. Fisher, • M.H.R., Mr Frankland explains the cir- • cumstances which led up to the appointment just announced. A few months ago [ Messrs M'Call and Weeks, President ttnd ' Actuary respectively of the New York Life, were in London reorganising the European branches of the company, and, as the result of their meeting with Mr Fmnkland, on • their return to New York they cabled I ' him an offer of 5.000 dollars a year. This offer Mr Frankland declined, for family and other reasons, but subsequently lie was . prevailed upon to visit New York to negotiate terms, and his services^were finally ' secured at 6,000 dollars a year, Regarded ' from the purely official point of view, the Atlas Assurance Company, one of the inqst i liberal companies in England, will regret the loss of Mr Frankland's services, but his 1 friends in England, Australia, and New Zealand, will rejoice to hear of his attainment of a position so distinguished in the actuarial world. '