After the reconstruction under Diocletian at the end of the 3rd century A.D., fifteen years (the indictio) - though probably used as early as the time of Hadrian - was recognized as the period for revaluation.
After the passing of the act (1886) the Crofters' Commission in 15 years considered applications for rent and revaluation of holdings which amounted to £82,790, and fixed the fair rent at £61,233, or an annual reduction of £21,557; of arrears of rent amounting to £184,962 they cancelled £124,180, and also assigned 4 8, 949 acres in enlargement of holdings.
Constructing the volatility smile is vital to backoffice revaluation.
The statement requires that the provision established should have regard to the manner in which the revaluation surplus will be realized.
Meanwhile he had published, among other works, Considerations generales sur revaluation des monnaies grecques et romaines et sur la valeur de l'or et de l'argent avant la decouverte de l'Amerique (1817), Recherches pour servir d l'histoire d'Egypte pendant la domination des Grecs et des Remains (1823), and Sur l'origine grecque des zodiaques pretendus egyptiens (1837).