The President's report folléws:—Despite unfavourable conditions China the year's work resulted in gains of insurance, reserves and sets, Insurance in force reached a total of $50,840,000, the largest In the company's history, Polley reserves were $6,001274.14, an increase of more than. $1,000,000, while total assais on December.31 were, $8,905,800.50 as compared with $7,204,705.07 at the lose of 1034.
New life insurance written and pald for during the year amounted" to $12,402,189, Of this total $5437.801 was written in China and $7,024308 Indo-China, Melaya and the Philipping Islands, "This represents a slight decrease in China production as compared with the previous year but a 10 per cent. ineresse of new Insurance from other territories.
"The year's mortality experience was 61 per cent, of the expected, exactly the same as the company's Afteen
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