An essay towards illustrating the science of insuranceWherein it is attempted to fix, by precise calculation, several important maxims upon this subject; to solve various problems, and cases of contest; and particularly to balance, whether it be nationally advantageous to insure the ships of our foreign enemiesAddressed to the Right HonHenry Pelham, esq; . ole Capital;The Rules for Infurance derived from them ;And the Proof that, upon a Footing of Equity,noPerfon hath a Right to infure fo, as to reco-ver the Premium, over and above his Expences.— The Demonftrations, that the fame Sum,either fl
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An essay towards illustrating the science of insuranceWherein it is attempted to fix, by precise calculation, several important maxims upon this subject; to solve various problems, and cases of contest; and particularly to balance, whether it be nationally advantageous to insure the ships of our foreign enemiesAddressed to the Right HonHenry Pelham, esq; . ole Capital;The Rules for Infurance derived from them ;And the Proof that, upon a Footing of Equity, noPerfon hath a Right to infure fo, as to reco-ver the Premium, over and above his Expences.— The Demonftrations, that the fame Sum, either flaked upon one, or fpread upon manyVoyages, equally hazardous, will be exadllyof the fame Value ; And yet, that the Exten-fion of the Voyages will continually effed: theMitigation of the Hazard. The Approxi-mation of the fuccefsful and unfuccefsful Voy-ages, the oftner they are repeated^ to the ori ginal [ XV ] ginal Proportion between the Stakes, withother various Remarks^ which have not hithertoappeared, that I know, upon this Suhjedi; Andyet are Points of the moji general Importance and Utility in the Science. And lajily, the Adjuftment of fome curious and intricate Cafesof Conteft between Pvferchants tbemfehes, andbetween them and Infurers; hi which a nt^general Method of folving thefe Cafes is invent-edy andfubmitted to Gentlemen of Bufinefs.. A N [>]