Referring to the war, Mr. Wood said that claims resulting from the present conflict may be less in relation to the total insurance in force than during the last war. He explained that because the war clause The premium income for the year totalled almost C.$114,000000 which was an increase over the previous year. There was also an increase in investment income and total receipts, and these items amounted to C.$33, 500,000 and C.$166,000,000 respectively. Disbursements were approximately C.$118,000,000.
Text read from the printed page and cleaned; old type leaves the occasional error.