Macdonald said, had apparentl decided to establish a Central Bani savings of a life time, payment that oe, drew Thee would be made in money' as good as that with which their premium pay ments were made, On December 31, 1982 Mr. Macdonald "continued, Canadian' com pares, reporting tothe, Dominion ments tu Connsa Dom iment of insurance had invest-
}Toans" amounted. to $295,134,000, Polie
farm mortgages to $67,047,000, and other mortgage loans to §257/520, fore of these Canadian panies amounted to over $1,252, $00,000. "Add to, this the amount "Gtnaan fe iRsarance, compan operating under provincial churters Shd the figure is brought up to well [over one billion, three hundred million dollars.
As the trustees of policyholders's funds, the life insurance companies, Mr. Macdonald declared, are vitally i in maintaining the value of the Canadian dollar. Policyholders all over the world of course, axe equally incrested in making sure that their life savings are. in Telisble hands, and the Canadian companies, he' added have a_well deserved reputation for security land good management.
Text read from the printed page and cleaned; old type leaves the occasional error.