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The Pamphlet Collection of Sir Robert Stout: Volume 78

Progress of the Department

page 11

Progress of the Department.

During the thirty-six years of the Department's existence ending the 31st December, 1905, premiums have been received

36 Years' Progress.

(in addition to £232,702 consideration for annuities) for upwards of six and a half millions sterling, considerably over four millions has been returned to policyholders or their representatives, and the existing funds of the Department amount to nearly four million pounds sterling, All this and other information may be obtained from the following Consolidated Revenue Account:—
££Premiums .... 6,568,822 Claims by death..2,183,736 Consideration forannui-Claims by maturity..806,467 ties .... 232,702 Surrenders..780,549 Interest .... 2,625,456 Surrender of bonus..164,099 Toatine funds 16,753 Annuities ....195,238 Fees .... 718 Commission..347,177 Expenses of management..884,777 Taxes..150,833 Investment reserves..103,998 Amount of funds ..3,822,577£9,444,451 £9,444,451

Consolidated Revenue Account From January, 1870, To December, 1905.

At the end of 1905 there were 45,137 policies of all classes in force, assuring a total of £11,725,977 inclusive

Total Assurance in Force.

of bonus additions then allotted, and £49,305 immediate and deferred annuities per annum, the annual premiums thereon amounting to £319,220.