xxii   DEPARTMENT OF FINANCE-INSURANCE BRANCH.

Collecting the results for the seventeen years, 18 7 9 to 1895, we find that the total payments to policy-holders amount to 53.62 per cent of the premium-income during the said period.

The subjoined table shows the total premium-income and payments to policy-holders, during the last seventeen years, of the life insurance companies which have ceased to do new business in Canada, and also the ratio of payments to policy-holders to premiums received.

Year.

Premium-Income.

Payments
to
Policy-holders.

Rate of
Pavements to
Policy-holders
per cent
of Premiums.

Collecting the results for the seventeen years, 1879 to 1895 it will be seen that the total payments to policy-holders made by said retired companies exceeds by 34.60 per cent the total premium-income during the same period.

Canadian Companies.

The assets and liabilities, income and expenditure, of the Canadian Life Companies will be found exhibited in the statements under their respective headings at pages xciii, xciv and xcviii and xcix. In the calculation of the reinsurance reserve, the Institute of Actuaries' H. M. Table of Mortality with 4'i per cent interest is employed, except in four cases, viz., the Canada Life employed in its valuation the American Table, with 4 per cent interest, and the Great Nest Life and the Ontario Mutual used the Actuaries (17 offices) Table with 4 per cent interest. The London Life used the Institute of Actuaries' H. M. Table with 44 per cent interest in the valuation of their general policies, and Actuaries' 4 per cent Table for their industrial policies.

From the tables on pages xcviii and xcix referred to, it will be seen that the Canadian Companies have received an income of $7,806,578.99, drawn from the following sources :-

1