WILLIAMS' CASE.—3 BLAND. 203

The census of this and other countries as shewing the increase of population,
and the probability, and the expectation of human life.

evidence that the same probabilities as to mortality existed here as in Eng-
land and on the Continent of Europe where most of the tables he refers to
had been arranged. Since that time numerous tables have been compiled,
the following being among those most used.

The Combined Experience or Actuaries' Table was compiled in 1843 and is
based on the experience of seventeen English companies The American Ex-
perience Table compiled by Mr. Sheppard Romans is said to have been sug-
gested by fifteen years experience of the Mutual Life Insurance Company of
New York. The New Actuaries was compiled in 1872 by the Institute of
Actuaries in London. It is based on the experience of twenty English and
Scotch Life Insurance companies. The table of the Thirty American Com-
panies is based on the combined experience of thirty American companies.
Dr. Farr's tables called English Tables No. 3, arranged about 1864, is, we
think, the only standard table based on the Census and not on insured lives.

It will be seen that the want of American experience, mentioned by the
Chancellor and the Court of Appeals, has been supplied and that so far as
reliable information on the subject of mortality is concerned, this reason for
the continuance of the Equity Rules no longer exists.

The value of a life estate when calculated by the tables is much greater
than when calculated by the Equity Rules. The following table will show
the present value of one dollar at the various ages mentioned, calculated on
the Actuaries or Combined Experience. The table interest has been calcu-
lated both at four and six per cent. For convenience the proportion fixed
by the Equity Rules has been placed in a parallel column.

[See image for table]