21 MARCH 1931, Page 48

PHOENIX BONUS.

The valuation results in the Life Department of the Phoenht Assurance Company in respect of the quinquennium ended December 31st last constituted a record. The rate of bonus declared is no less than 50s. per cent. per annum upon all whole life with-profit policies and 46s. per cent. per annum upon endowment assurances. Interim bonuses during the current quinquennium are to be 45s. per cent. on whole life policies, while on endowment assurances the rates will be 46s_ per cent. upon policies maturing and 40s. per- cent. upon those becoming claims by death. The Directors report that the profit-earning capacity of the Company has been maintained and that the position justifies anticipations of a continuance of the present rates of bonus.