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THE

ENGINEER'S VALUING ASSISTANT.

ENGINEER'S VALUING ASSISTANT

BEING A PRACTICAL TREATISE ON THE

VALUATION OF COLLIERIES AND OTHER MINES

WITH RULES, FORMULÆ, AND EXAMPLES

ALSO

A SET OF VALUATION TABLES

CALCULATED ON THE PRINCIPLE OF

ALLOWING INTEREST TO A PURCHASER OF ANY ANNUITY, BENEFIT, OR
INCOME, DERIVED, OR TO BE DERIVED FROM MINES OR
OTHERWISE, AT ONE RATE OF INTEREST AND REDEEMING THE
CAPITAL INVESTED AT ANOTHER PRACTICAL RATE

OF INTEREST

AND

TABLES OF VALUE

SHOWING THE DISCREPANCIES EXISTING IN THE ORDINARY TABLES

OF PRESENT VALUES AND THE ERRORS CREATED BY THEM

BY

H. D. HOSKOLD

"

CIVIL AND MINING ENGINEER; CHIEF OF THE ARGENTINE GOVERNMENT
NATIONAL OFFICES OF MINES AND GEOLOGY, ETC.

WITH AN INTRODUCTORY NOTE

BY THE LATE

PETER GRAY

HONORARY MEMBER OF THE INSTITUTE OF ACTUARIES

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AUTHOR OF TABLES AND FORMULE FOR THE COMPUTATION OF LIFE CONTINGENCIES ETC.

SECOND EDITION

LONGMANS, GREEN, AND CO.

39 PATERNOSTER ROW, LONDON

NEW YORK AND BOMBAY

1905

All rights reserved

JUL 23 1907

MLFD

1173

PREFACE

TO

THE PRESENT EDITION.

SOON after the first edition of this work appeared in 1877, copies of it became so scarce that suggestions were frequently made to the author to publish a new edition of it; but, at that time, important professional duties and undertakings led him to foreign countries, including the Argentine Republic, in the latter of which he has had the honour of occupying the position of Chief Advising and Acting Mining Engineer to the National Government for over a period of 18 years. The onerous duties of that office, and other matters connected therewith, absorbed the whole attention of the author, and it is only recently that he has been able to prepare a second edition of his Engineer's Valuing Assistant' for the press.

For various practical reasons, the original book of 1877 has been reduced in bulk; but, at the same time, everything essentially necessary to aid the profession in the valuation of mines and other properties has been retained in the present edition.

The deferred periods, in Table X, have been reduced from 10 to 4 years, for the reason that it is considered that a period of from 4 to 5 years is a sufficiently long time to wait before benefit accrues from mining undertakings.

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