REPORT OF THE .sUI'ERINTEXDEV T.   xxxv

(e.) For initial certificate of registration or renewal thereof, 8200.

(f. ) For initial license to do business or certificate of registration or renewal thereof,

(1.) In the case of an Inland Marine Insurance Company or of an Accident or (4uarantee and Surety Company, S2o.

9i.) For tiling annual statements, 81.

Statutes of 1895, Chapter 26. An Act to amend " An Act respecting Life Assurance for the benefit of Wives and Children." (Assented to, 29th March, 1895.)

Her Majesty, by and with the consent of the Legislative Assembly of the province of Manitoba, enacts as follows :

1. Section 5 of chapter 88, of the Revised Statutes of Manitoba, is hereby repealed and the following substituted therefor:

5. In case a policy of insurance effected by a married man on his life is expressed upon the face of it. to be for the benefit of his wife, or of his wife and children, or any of them, or in ease he has heretofore endorsed, or may hereafter endorse, or by any writing identifying the policy by its number or otherwise, or by will has made or may hereafter make a declaration that the policy is for the benefitof his wife or of his wife and children or any of them, such policy shall enure and be deemed a trust for the benefit of his wife for her separate use, and of his children or any of them, according to the intent so expressed or declared, and so long as any object of the trust remains the money- payable under the policy shall not he subject to the control of the husband or his creditors or form part of his estate, when the sum secured by the policy becomes payable : hut this shall not he held to interfere with any pledge of the policy to any person prior to such declaration.

2. The insured may be an instrument in writing attached to or endorsed on or identifying the policy by its number or otherwise vary a policy or a declaration, or an appropriation previously made, so as to restrict or extend, transfer or limit the benefits of the policy to the wife alone or the children, or to one or more of them, although the policy is expressed or declared to be for the benefit of the wife and children or of tine wife alone, or for the child or children alone, or for the benefit of the wife for life, and of the children after her death, or for the benefit of the wife, and itt case of her death during the life of the insured,then for the child or children or any of them or although a prior declaration was so restricted ; and he may also appropriate the insurance money among the persons in-tended to be benefitted, and may from time to time by an instrument in writing attached to or endorsed on the policy or referring to the same alter the appropriation as he deems proper; he may also by his will make or alter the appropriation of the insurance money ; and an appropriation made by his will shall prevail over any other made before the date of the will, except so far as such other appropriation has been acted on before notice of the appropriation by the will.

3. Where an appropriation as in this section provided for, has been made, if one or more of the persons in whose favour the appropriation has been made die in the lifetime of the insured, the insured may, by an instrument in writing, attached to or endorsed on, or otherwise referring to and identifying the policy of insurance, declare that the share formerly appropriated to the person so dying shall be for the benefit of such other person or persons as he may name in that behalf not being other than the wife and children of the insured or one or more of them ; and in default of any such declaration the share of the person so (lying shall be the property of the insured, and may he dealt with and disposed of by him as he may see fit, and shall at his death form part of his estate.

(4.) The provisions of sections 10 and 11 of this Act shall only apply when there is no appropriation under subsection 3 of this section.

2. A policy or written contract of life insurance effected by any woman on her own life, and expressed to be for the benefit of her husband and children, or any of them shall be deemed a trust in favour of the objects therein named, and the moneys payable under such policy shall not, so long as any object of the trust remains unperformed, form part of the estate of the deceased, or be subject to her debts.

(2.) Whatever a man may lawfully do in respect of insurance effected upon his life, may under the like circumstances lte done by a woman in respect of insurance effected upon her life ; and the like rules of construction shall prevail.

3. Section 6 of said chapter SS is hereby repealed.

4. Sections 1.2 and 13 of said chapter 88 are hereby repealed and the following substituted therefor :-

12. Any revocation of any appropriation under this Act, may be effectually made in the same nanner as it is hereinafter provided that an appropriation may be made.

5. Section 26 of said chapter 88 is hereby amended by adding after the word "only" in the second line thereof the words " or of a wife only " and by striking out the words " shall be unassign-"able by either of such parties," in the fourth and fifth lines thereof, and by substituting therefor :he words " shall be assignable by any of such parties save during minority."

6. This Act shall apply to policies heretofore issued as well as to policies hereafter to be issued. This Act shall come into force on the day it is assented to.