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— _ cms ; = = - _ mr * Financial Statement Shows Some Remarkable Progress: and CET : ,

Intererest Earnings Over 7 p. c. on Ledger Assets. Yearly Income Almest À Million Dollars ,

DIRECTORS REPORT { à O À | , S TO THE SHAREHOLDERS OF THE GREAT WEST LIFE ASSURANCE COMPANY _”/ . , un The Bireetor's beg to suhmit the reports and statement of accounts for 1905, the Company's ihirteentn full Ca- , er year.

The Polisies issned and placed largelÿ exceed the amount for any previous year, reaching the handsome total of The cold weather is now ES : é e L $6.052,333.00, and our business in force has been increased to $24,216,882 00 calling for an annual premium of wsetting in and this shouid be a gentle reminder to supply your wants ipthis -re; 8822,953.33. Our gain in business in force is $3,608,483.00 being over $1,000,000,00 greater than our gain im 1904. A 5 L Our Renewal Premium income amounting to #593,539.85 being $91,956.39 greuter thau for 1904 is a gracifying evi. [PeCt at once. We were never in better possition to help you select than at present. Mothers should also dence of permanent business. . L . PERS L

We have continued the l’olicy of investing the larger portion of eur funds in first mortgages en real estate, the bear in mind that iu selecting our fall goods we did not forget the children. We can show a splerdid range

t demand for money to develop the resources of the couuiry enabliag us to select investments effording amyle ù security and at the same time giving a very remunerative rate of interest. The fact that we are still without a of Misses’ and Children's Reefers, Three -quarter Jengths, and Ulsters dollar’ s worth of fereelosed real estate in our Assets is suficient evidence of the nature of these investments of the , , Cempany—Loans on Po.icies, Debeutures and Stocks—are in à similiar satisfactory condition, the vaiue of the Jat- e ter being $10,348.71 more than cost, the amount at which we have included them in the accounts. Our interest ear- L é Co nings amounted to $186,222.32 again giving an average return of over seven per cent on our total ledger assets. , ADIES ATS : y 6 have d out in death claims, $110,381,49 for claims arising during the year. and $2,962,00 for elalims under Ladies SATEEN SKIRTS Instalment Policies ef previous years ; and have included in our Liabilites $4000,00 £o provide for claims for deaths intimated to us since the close of the year and for which proof have not yet been submitted. A comparison of the s ki à expected deaths according to the tables recently com piled by the Institute of Actuaries of Greni Britain, reveals a The price of Ladies’ Coats ran- Golfers Ask to see our $1.00 Black Sa- considerable saving in Mortality, due we believe larsely tu judicious sections of risks in the lirst prace by our ageuts | ge from the cheap coat at $3,00 up teen Skirt. Best value we have and a careful revision of our examiners and Medical bourd. to the good Coverts and Black $ .OO 5 7.

The Dividend to Sharebolders represents the interest earned on Shareholders’ capital and aceamulations during the Kerseys at #1 ever shown. eariy years when no dividends were declared as the funds were requ'red in establishing ihe business. y saS. I 5O $ 00

We have paid to Pelicyholders during the year for Ciaims Surrender Values, Annuibies and Profits on Polieies 53.00 to 15.00 $ :

0132.684.94 and have set aside $494,496,24 to cover additions to Reserve and future payments under Fnstalment : 0 Policies and Frofits declared in reducties of future premium. N° « -00 cs

Our reserve according to the Company’s stricter sizndard now amounts to $2,467,842,16 CHILDREN CoATS CLOTH SKIRTS Ü a

Notwithstanding the more than ample sum of $612,213,15 being au iucreuse of $71,921,9i over 1904. ‘This steadi- . k . s : lv increasing additien to our Surplus amnually isa gratifving feature of our business aul has enabled us te con: ranging from $2 to 2.25 Our lineof Cloth Skirts is re-

aue to give most satisfnctery returns to eur Policyhoiders. 6 duced to

In conclusion, while the past year has been in every way a most prosperous one for the Company, the Direetors $ 2.50 $2 00 bave felt thenecessity of exercing the greatest eare in all matters pertaiuing to its welfare. Vhe resuit which is ° very gratifying to them, should prove equally so to Policyholders and Shareholders alike as i& bas not oLly enabled its Company to carry out every promise it bas made, but to feel amply assured of being in :% position to mraintain therecord in this respect in the future.

ASSETS { LIABILITIES | « : Mortgages on Real Estate............$2,492,572,37 | Reserve on Policies and Annuities in fumaisisite.-R HR: EE Oct. rat 1908 Municipal and school Liebentures (Mar- | _ force...... ansess soso des donne de $2,467,842,16 ? > ket Value $138,182,04).......... 132,541,83 | Claims outstanding.......#.......... 4,000 00 Canadian Permanent Mtg. Corp Stock ! Instalment Ciaims not due............ 16,135,15 (Market value $64,000)......... : 60,000,00 | Dividends to policy Holders, net yet dus 7,216,55 Q Canada Landed & National Invest. Co. Advance Payments on premiums...... 5,964,41 Stock (Market value $6,431)..... 5.722,50! Interest paid in advance.............. . 2,222,06 Loans on Company’s Policies......... 2090, 1 56 03| Amt. due Dominion Bank of Investi- .@ ) Ravemions........concocoososese ee 403,20, Mu Abbonit .; os sese deco 18.765,96 | Outstandisg and Deferred Premiums.. 152,937,05 | Dividend to shareholders payable Jan... | | Interest due and accrued............ 84,185,15| DO... vi: an is 15,C00,00 4 Cssiroa hand and in Bauk:......... 4,042,52 | Surplus to Policy holders........,.,... 612,213,45 £ be ose vb es voi csevel 16,799,09 | TT Re $3,149,359,74 $3,149,359,74 DISBURSEMENTS REACEIPTS | . u L Premium Income............$703,048,25 To Policy holders for Claims, Annuities : RSR RS RSC RS RH RS TE RS RE REÉRIS EE SES RIRE -. … Less Re-assurance........... 2545,25 $701,403,00 surrender values and profits. ...... 132,684,94 + L Jnterest Income..........,.., 171,103,63 | Expenses, Commissions, etc.......... 264,068,60 |. l J dr Tan au Ldéetent...,....5..dest 6,299,12| 5,6 Se@U ourna | Written off office furniture.... ...... 1,335,76 1 sr se se fe Un moyen de | Dividends to Shareholders,........... 25,000,00 dr does toire) 533,118.18 . ù so | | Publie en Francais Publicite $962,506,60 | $962,506.60 PS aa - à | CE Jans la Province Exceptionnel pour CONSULTING ACTUARY REPORT | February 2, 1906: | + 3 To the Board of Directors of the Great West Life Assurance Company, Winnipeg, Manitoba. De Î Ile St , Jean 6e Les AU lants Your balaner sheet and statement as for the 31st day of December, 1905 having been submitted to me for careful serutiny and examination, [ take much pleasure in submitting to you this report upon the result of the work of ï yeur Company to date. ; . The 'arge increase you have made in the assets is very gratifying indeed and compares favorable with the ! Abonnement . F1. De la Province growth of eompanies many “years older than the Great-West Life. You show very large gains in the prem:um in- | Fe come of the Company, and particularly from interest income, whithout showing anything like a corresponding in! , é cresse in the items of general disbursements or managements expenses. [t mustbe a great help to the ageney for- Î ee of the Gréat- West Lite t@ be able te demonstrate that the affairs of the Company are managed thus economiçallv, Payable d Avance Les Annonces as this fact alone is pregnant with great promise to the holders of your deferred dividend policies, the buik of your | TS business being on this plau. The good interest earned by the Great-West ife on its investment is a matter of pre- ” mesent interest to those who are looking forward to settlements under deferred diriaend contracts. : € 6 As the new business written during the year did not exceed that of 1904 much over $800,000 while the sain of busi- | A la fin de ] annee De L IMPARTIAL “ ness in force was over #1,000,000, it is perfectly self evident that the business is of the very best kind because other! r wise there could not be sueh a remarkable degree of persistency Le L'think that you can sincerely congratulate yourselves upon the condition of the Compauy as reflected in its balance $ _ | , sheet and statement, knowing that the substantial gains made during the year will resuli in making it still casier 1.50 Adresse . Rapportent than before for your agents te write a satisfactory amount of business. The > me West Life has sq an enviable position in the life insurance world, due to the prudence and econo- Ti À h B my ofithe management, and IÏ very sineerely coagratulate you and feel sure that the carefulnes of the eflicers of the Company in fature yea s will secure you a remarkable growth and pre-eminence as one of the most succesful life 15 D1S ? eaucoup À institutions. Respect{ully subbmitted, PE WM. T. STANDEN, Consulting Actuery. . . : PSS 5 : Y AUDITORS REPORT OR : LP.E. Tignish, r P E Winnipeg. Feb. 9th 1906 To the President and Directors of the Great-Wast Life Assurance Company. Gentlemen.—]I beg te report that I have audited the books of the Great West Life Assurance Company for the yesr euding 31st December, 1905, bave examined the vouchers counected therewith and certify that the “foregoing TT inanéial Statement present a true abstract of the Company’s books and correctly represent its financial standing. D / a "r DT The securities embrased in the Assets (with the exception of those lodged with the Dominion Governmenc RE Ÿ, à Cy , TT EEE \° vs ef RATE + amounting to $56,000,00 for which I foud suflicient receipt), have been examined and correspond with the schedules VC ons |@ ES EE / y! in the Cempany's books, PE ISLAND: * — Yours truly, Le = | (Signed) E. B. LEMON, Audito TJAMES HOUSTON, PROVINCIAL MANAGER, SUMMERSIDE, P, E,. I. £ \ h ) s & . # Les Troubles A Shanghai | Puis, des proclamations, premenées|nus par les marins des navires de COUCHE C ICCUYOMEEVÉEEYUU | à . di à | . ques | dans la ville, iuvitèrent la popula-| guerre anglais ‘‘Bouaventure’’ et ‘‘L/ Echo de Chine’ nous apper- |tion indigène à massacrer les Euro-|‘‘Astrea’’, donnèrent la chasse aux te des détails sur les scènes de pil. |Péess. Ces provecations produisi-|agitateurs, dont une vingtaine fu- z * lage qui out désolé la ville de | reut leurs fiuits. Des bandes d'é-|rent tués. Quelques jours après, Kindergartening and mental PP: to master theftion in high-school branches. — Sbaughäï «et qui ont fait crainüre | meutiers parcoururent les différents | l’ordre était entièrement rétabli. —-—— new ideas preseuted in the training} Anna S. Richardson in Woman's un mouvenent général de la popu- Quartiers, assiégeant l'hôtel de! Néanmoiis, encore à l'heure ac-| Kindergarteniag is a philcsophy. school for kindergartners. You | #ome Companion for March. . “ . . d: bn: à 11 ‘ x ° ji ù ÿ ntm ne lace chinoise ogntre les étrangers. ville, pillant les maisons des rési- | tuel e, la population interuationale | Its founder, Froebel, built his me- né mp shop as a clerk and YOU'RE ONLY HALF SICK L'impepularité du tribunal mix- | dents étrangers et notamment l'hô-}de Shanghaï n'est pas entièrement | thods upon the philesophy of right tread the pathway ” financial suc- B te, files griefs des Chinois contre, tel Métropole. Deux postes de po-| rassurée ; elle vo't dans les trou- living and individuality. The girl sai by en eines and your Nr ot nn ph l’assesseurs britannique à cette | lice furent mis à sac. Les mar-| bles récents les signes précurseurs | who hopes to become a successful early ns .s, ut 7e cannot cor- Mode Pills . RE CNE; 2 e. coar de justice, M. l'royman, fu- | chands de Hongkew Market furent | d'une levée en masse de l'élément kindergartner wust build her cha- rect mistakes iu the kindergarten. entire system, strengthen the st. - rent'les prétettes ostensibles de ces! entièrement dévalisés. Le consul'indigène contre les étrangers. racter according to that philosophy. A business college may grant you à \ach, eleyate your spirit ard nia- troubles. Mais la cause réelle de|allemand reçut ume grêle de pierres SR SRE It is net enough to love children, Ft and send ss. suite Ce = te feel un in one day. It's l'émeute-deit-être recherchée dans | et le vice-coustil anglais dut, pour | AGE ADDS TO ITS POPULA-|though this love is an impertant sa pra sa agro F3 ear- ee pren es os. + l'agitation coutre les étrangers qui|avoir la EE abandonner neul RITY stoue in your foundatien for the|” ù se ses EU re - CE that Dr. Hamilton's Piils s- Prog tessait sourdement à Shanghai | antomobils qui fut aussitôt incen- | Filty years ago Putuam’s Corn|work, but you must be.versed in tn a RsdthéS qi ; ut, 7 \plish so much. Very mild, excee- | ct que veuait d'encourager le boy-| dé. RSS Was introtuced. Its|the psychology of childhood. You| "°°° YOUT Spe ing beo » but dingly prompt, and guaranteed in .1 » . » » , | Qz on € e 7 2 ottage des marchandises améri-! Par leur énergie, les résidents é- | "© Lu peen enormous. The rea-| ot ‘“cram” in kindergarten |7°4 Cannot enter a training school |everÿy case, Your druggist. sells caine: traugers lévitèrent le massacre, | °°7 !S tAat Putuam's”” is the only ration. Vou cannot make up | {07 kindergartners before you pass Dr. Hamilton’s Pilis ef Mandrake Re4, | ‘ nas A Lu De painiess and sure cure for çorns, | PFEPAraUOn. Pr preliminary examinatiens which and Butteruut in yellow boxes Linsurrectign débuta par une| lus les Hommes valides, réuRIS en |warts and bunions Doubtless you |deficiencies ia your early education. |° 25c. each, ar five for $r.00 Get #rève gégérale des ouvriers chinois. | yme milice de velontaires et soute- | have proved this yourself. | You will require all your physical % test severely your qualifiça-| the genuine, dar . . nes F : # : Y ) : Es + 7 : ; " * 1 A