, 1866-04-17

$500 HDAA 0OSASNJ R~OO5O4
during the last 5 years. The Actuary's
Report published in the Weat Indian of
9th gives IA very interesting history of
the Society, from It's foundation in 1910
to the present time, in periods of S years
each, showing how it grew up from
Policies amounting to $171, 900 taken up
in the months Of November and Deem
Der 1910, to $1,244, go the amount in
Sured during the last quinquennial period
from 1860 to 1865. From 1910 to 1850
the Society made but slow progress ;
and had it not been for the fortunate cir
cumstance that TO the end of 1916 The
deaths of members had been only one
half Of the number calculated on, and for
the low rate of mortality, 1.2 per cent in
the first period and IL per cent for the
second Cup to 1850, the association
might not have lived to reach its present
1ourlshing condition. In the third peri
cd from 185O-55 there was a change in
the rate of mortality owing 10 the visit of
the Cholera, in 1854 there were 20
deaths amongst members,-which was
more than double the number that had
occurred the two previous periods, and
which Mr.. Burnett says "caused the
Society to stagger in its career, and
might have furnished lis death blow, had
it been planted on any but the most Sc
cure basis" Notwithstanding the losses
sustained by the Society by the payment
OF so many policies, at the end of the
period the number of new assurances
effected showed an increase of about one
third more than the number effected in
the preceding period they rose from
1896, 500 to $668,O7O in 1905. This
growth in spite of the larger calls upon
the Society, may be accounted for by the
increase Of confidence, and the proofs
given in so many cases of the benefit
afforded to the families of the deceased
through the Society's operations. 1t was
a trial OF the strength and virtue of the
Society !; and having stood it, like a Bank
that has met a run upon it successfully,
the Society acquired a stronger hold
upon the public confidence and claim
upon It's support than it had before. In
the two following periods the rate of
mortality diminished to 1-6 per cent in
1850, and TO IA in 1865; when
the ratio of It's cash Assets TO its Assur-
ances stands at 1857 per cent, and the
former (the Cash ASsetts) amount TO
S670,44O and the revenue from every
source TO $I28, 949; that is the Cash
Assets are over four times as great as
the revenue, which is considered by the
authorities ga safe position" There are
one or two other statements in the re-
port, which we notice. From the year
1885, to '65 ia period of Is years. the
new assurances increased in %"nearly an
arlthmetIcal ratio" of about $500, 600.
The lowest rate of mortality was in the
period l645-50; in which only $4,000
was added 10 the amount of the Policies
insured, whereas in the following period
l85O-55, when the Cholera prevailed,
and the death rate more than doubled,
trom IL to 2.3 per cent? the new in
suranceS increased from 396, 500 to
668,07O, by 1912, 600, or eighteen times
the increase of the preceding period.
Which shows hat a low rate of mortality
is not in itself enough to establish a
prosperous condition of Life Assurance
Society, nor on the other hand a high
rate and large calls to prove in every
case detrimental. Again, the total mum
Der of deaths which the Society expected
to meet from its beginning in. 1910 to