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338   DEPARTMENT OF FIXANCE—INSURANCE BRANCH.

CONFEDERATION LIFE—Continued.

EXPENDITURE DURING THE YEAR.

Cash paid for death losses   8 219,094 34

Deduct amount received from other companies for reinsured death claims.   15,297 00

Net amount paid for death claims    8 203,797 34

Cash paud for matured endowments    103,130 00

Net amount paid for death claims and matured endowments   $   306,927 34 (Of this amount $17,772.09 death claims accrued in p'-evious years).

Cash paid to annuitants    6,260 21

Cash paid for surrendered policies    55,227 10

Cash dividends paid to policy-holders    23,396 68

Cash dividends applied in payment of premiums    59,299 57

Cash paid to stockholders for interest or dividends    15,000 00

Commissions, salaries and other expenses of officials    152,384 55

Taxes, licenses, fees or fines    5,167 95

Rent    13,015 39 Other expenditure, viz.:—Insurance superintendence, $435.89: solici-

tor's   fees,

$3,437.14

;   postage,

$3,700.89

;   agency

expenses

$1,601.96;

medical

expenses,

$6,429.61 ;

general

expenses,

X8,093.45 ;

printing

rind   stationery,   $4,363.44 :

advertising

literature, $6,356.32 insurance literature, $319.91 : commission

on loans, $148.00 ; office furniture, $1,230.56    36,117 17

 

 

Total expenditure    672,795 96

MISCELLANEOUS.

 

Number of new policies reported during the year as taken in Canada    1,902

Amount of said policies    $ 3,044,046 00

Bonuses added during the year    20,949 00

Number of policies become claims during the year   175

Amount of said claims (including bonus additions, $8,774)   336,617 00 Amount of said claims reinsured in other licensed companies in

Canada    23,328 00

Number of policies in force in Canada at date    18,253

Amount of said policies    827,371,098 00

Bonus additions    189,325 00

Total    8 27,560,423 00
Amount of said policies reinsured in other licensed companies in Canada

(including 81,463 bonus additions)   180,947 00

Net amount of policies in force on 31st December, 1896    $ 37,379,476 00 Number and amount of policies terminated during the year in

Canada :   No.   Amount.

 

1.

By death (including bonus additions)    

114

$   223,487

00

 

2.

By maturity (including bonus additions)    

61

113,130

00

 

3.

By expiry    

28

53,900

00

 

4.

By surrender (including bonus additions)    

235

416,442

00

 

(For which cash value has been paid $55,227.10.)

5. By surrender, $172,150 (including bonus additions.)

 

136,005

00

 

(For which paid up policies have been granted   to

amount of $36,145.)

Difference of amounts carried out    

 

6. By lapse (including bonus additions)    

645

910,153

00

 

 

Total (including bonus additions)    1,083

$   1,853,117

00


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