LONDON LIFE RF.SUL'FH.
Even in these days of satisfactory achievements by Insurance companies, the financial statement of the London Life Association for the year 1926 is -a remarkable one. For 1924 and 1925 the annual reversionary bonus was 36s. and previously 35s. each year was paid since the, system was started in 1914. For 1926, however, -the directors are declaring a reversionary bonus of 38s. per 'cent. compound— that is to say, on both the sums assured and the existing bonuses. The value of this declaration is, of course, increased by the company's system of declaring bonuses annually, while the declaration on this 'Occasion is accompanied by the very significant statement by the directors that '1` they prefer to restrict the rate of bonus to one, which, in the opinion of their Actuary, it should be possible under normal circum- stances to maintain in the years to come." The directors point out in their Report that this compound reversionary bonus of 38s. throughout will represent at the end of forty years an addition for the year at the rate of over 4 per cent on the sum assured. The company's total funds have increased during the year by 1831,281 to £15,564,255.
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