Referring to the war, Me. Wood said that claims resulting from the present conflict may be Jess in rela~ Yon to the total insurance in force than during the last war, He ex-lained that because the war clause tipplied lo new policies issued in countries at war, the hazard of war affected only. those policies issued prior to the outbreak of war. As the major portion of such business had been in force over many years, the average age of the company's policy holders is over 40, which exceeds military aye, Furthermore, the busi-hess Ili neutral countries today constitutes a much larger proportion than in 1918 Speaking of the company's progress uring the last war, Me. Wood stated that following a very: brief recession at the outset of the conflict, the busi ess of the Sun Life increased to almost threefold by the year 1919, Canada's position today was _even more favourable, The population Increased by S0¢% nnd the country's productive "capacity is far move Nexible. Wheat production, news Drint, copper and aluminum exports, fre many times larger, the value of Hold production is eleven times greater than in 1914" and the' value of manufactured goods hay increased two and a halt times, Canada today stands inas favourable a position as any. other Jarge nation. "Brief reference was made to the great success fof Canada's War Loan which was striking evidence of this country's high credit standing and confidence in hor destiny, Mr. Wood concluded his remarks emphasizing the appreciation voleed by the. directors in their report of the spi ilidl_ work of the field and head of
Text read from the printed page and cleaned; old type leaves the occasional error.