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428   DEPARTMENT OF FINANCE—INSURANCE BRANCH.

PH ENIX MUTUAL LIFE—Continued.

EXPENDITURE IN CANADA.

Amount paid during the, year on claims in Canada, viz. :

On account of death claims    4   21,967 00

On account of matured endowments    17,903 00

 

 

Net amount paid on account of claims    8

39,870

00

Cash paid for surrendered policies    

7,182

00

Cash dividends applied in payment of premiums in Canada    

4,838

42

Total net amount paid to policy-holders in Canada    $ 51,890 42
Cash paid for commission, salaries and other expenses of officials in

Canada   

 

Total expenditure in Canada    

MISCELLANEOUS.

 

Number of policies become claims in Canada during the year   34

Amount of said claims    8 33,630 00

Number of policies in force in Canada at 31st December, 1896    850

Amount of said policies    910,488 00

Number and amount of policies terminated during the year in Canada :

No.   Amount.

  1. By death   12 8 13,327 00

  2. By maturity    20   16,427 00

3. By surrender   11   14,516 00
(For which cash value has been paid, 87,182.)

  1. By surrender, 81,500.

(For which paid up policies have been granted to

amount of $1,075.)

Difference of amounts carried out    425 00

 

Total    43 $ 44,695 00

No.   Amount.

Policies in force at beginning of year in Canada    893 $ 955,183 00

Policies terminated as above   43   44,695 00

Policies in force at date of statement    850   910,488 00

Number of lives insured--No return.


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