REPORT OF THE SUPERIXTEJ DEXT.   xis

Aiaouitt of Insurance terminated in 1895.

The amount of insurance terminated in natural course, namely, by death, maturity or expiry, was $5,274,017, which is greater by $721,073 than the corresponding amount in the previous year ; and the amount terminated by surrender and lapse was $29,842,268, being less than that in the previous year by $610,474.

Relatively to the amounts at risk the amounts so terminated are less than those of the previous year, giving for every $1,000 of current risk $15.97 terminated in natural course and $90.34 by surrender and lapse, making a total of $106.31. In the year 1894 these rates were $15.97 and $95.05 respectively, making a total of $109.26, thus giving a difference of $2.95 for each $1,000 at risk.

The following table exhibits the rates for the last five years :

TERMINATED out of each $1,000 current risk.

The total termination amounts to about 79.20 per cent of the amount of new policies. The actual amounts of termination were distributed as follows

The details of the individual companies will be found on page xcii. Canadian Policies in Force.

Omitting the industrial policies of the London Life and Metropolitan, the following table gives the number of Canadian policies in force at the date of the statements :

Number.

Amount.

Average
Amount of a
Policy.