• LONDON LIFE PROGRESS.
The new business figures of the London- Life Association for the past year exceeded 4.3,000,000 after deduction of reassurances, and of the new business nearly one-half Was
(Continued on page 488)
Financial Notes
(Continued from page- 486.)
in non-participating policies. During the year the depre- ciation of securities amounted to about £30,000 more than in non-participating policies. During the year the depre- ciation of securities amounted to about £30,000 more than Irofits on realizations and this has been written off, while the nvestment Fluctuation Fund has been increased from £328,000 to £400,000, so that with unappropriated balances, the total margin over actuarial reserves is now £917,645, Under the reduction of premium system the rate of reduction has increased by two (per cent. of premiums) while rever- sionary bonus policies again receive a bonus of £2 per cent. upon sums assured and existing bonus, this being the rate of distribution for the third year in succession.
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