The distribution of payments among the different companies will be found on page c.

Hence, for every 8100 premiums received, there has been paid to policy-holders $53.85, leaving $46.15 to be carried to reserve, expense and profits.

Including the business done outside of Canada by the Canadian companies, the following table shows the total premium-income and payments to policy-holders of all companies, other than assessment companies, doing life insurance business in Canada for the last seventeen years, and also the ratio of payments to policy-holders to premiums received.

Premium   Payments

Income.   to Poli<•y-holders

Rate of
Payments to

Policy-
holders per

cent of Premiums.

Year.

187:1   2,606,756

1880   2,691,128

1881..   3,094,689

1882   3,544,603

1883   3,861,179

1884   4,195,726

1885   4,684,409

1886..   .   5,298,596

1887.. .   .   6,105,474

1888   6,655, 762

1889....   8,336,167

1890   8,131,852

189 t   8,667,609

.....

1892..   .   9,347,131

1893   9,952,833

1894   10,345,919

189)   ' 10,887,501

Totals    108,407,334

8

   1,301,480   49'93

   1,389,986   51'65

   1,879,240   60'72

   1,94(1,444   54'91

   2,201,152   57'01

   2,073,395   49'42

   2,544,101   54'31

   2,851,981   53'83

   3,235,205   52'99

   3,440,729   51'70

   3,942.590   47'30

   4,445,668   54'67

   4,911,485   56'66

   5,452,151   58'33

   5,133,284   51'58

   5,516,929   53'32

   5,862,447   53'85

   58,128,267 ~1   53'62

4—c