Abstract
MAY I point out, in connection with the note appended to my letter printed in NATURE of July 21, p. 651, that if only one mutual life assurance company were available the argument quoted in the leading article of June 30 would be answered, for that argument implied that dividends necessarily go to shareholders? The remark about expenses in the note leaves the point of paragraph (3) of my letter untouched, and the final sentence of the note makes me wonder whether the two-year-old American “Teacher's Insurance and Annuity Association” will grow up and prove itself to be more “philanthropic” than the selected assurance companies in England.
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ELDERTON, W. [Letters to Editor]. Nature 107, 683 (1921). https://doi.org/10.1038/107683b0
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DOI: https://doi.org/10.1038/107683b0
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