Jw-I-eer» $4.1 $1.2»? NTY-FOUR Y ‘QDA LlFl-I [fllliPylllilllPPfi " ' lie fluttered Inr anil whim, i. Illll It ll ultli Iiit- l|t‘hll'l‘ oi than In tiu- tinlt-kcst amiable form that this PQIIDII ll being [ltlliliniiul In lin- iibwlpdper: lay the Company. A booklet. i-outnlnlitg even moi-i- complete pqrtIt-tilnra will bc ~ nailed upon requent. lIANAiLA LIFE .BUSINESS lN 1920 President Reviews Financial Statement The iiiitie'i:i_l llPilllilll for life ae- uvzi-aur: "lilkll iieveli-iieii ‘iii the lit!- HUG‘ x'ii1n~i tlirtingtiiiui ‘ilnll iiiitl 1w eiiiil-Jeil lo iiiultiil. itiereiw making .i record {or an; one year iiid iiriii;i.’.-- ii.i' tiii..il iisslirliire In I 'T'._iiiiii_iiti'*. These lieu: yi-zir cnntiiiiieil it-itliiuit 'ti'.iiliiiii \ Inrro up i-i I reotilte- are t-riiiicht about liy a [rotting -iI aiFflllkffif anti licttei" lqtliiii-ied .it i-rziiiimiiwiii, concen- Qillilg‘ I‘ ‘e fillTQf ipon Li W-f If!‘ lflfilrsiisiti public ‘who 4r; int-re Ind uni-o ciiiiiliig in . liuy lii: fi-irzlniw mutt“ i. p Mlle. (n i- iraiireti lzii lltlli>é i~ _Il‘..liI‘l: sir-ii ~'i fire. tii~ motor .ig:iiin:t flieft or hirittiii, liiiiis-lf aglliHH ac- Ildlttti ni IiUlilIQSF. not bet e he mnuoi beiii such ltlS! personally ll:t\ll‘tl i. n-iiir. iviit Iiei-oiii-e lie real- ltes there i:- iin necessity iit’ his (Io- IHK l0 iiui lie l.“ .11 inst liegliiiiing i0 lee that the llllllt‘ ieiiiiiiii exi>l$ bu: lit ltrougel‘ IIIP.I> lie \\'ll) his e - tare or farm]. ahnulil iii-i heat‘ alone I lqsii cic- .*ii\'lQtl I»; his iieiitli. mow-ii Tlli! more intelligent .iiipi'cciittloii Of the Lin» of lifc (Mutant-e will ' llllve a salutary iiiili:eiii.-e lll prevent- Ifl‘ the liiise and sxirreiidet- o.’ poli- lies tit. tie first .|[1[\i'\illl‘ll of J money lrartity t'"l‘ll its is now wiilelt felt. {in the i there has been .i tuu ptevmleiii i lent-j: uheii iii teiiipor~ lry ziiiziiii neeil iii i-aiit-el life ll!- Ltirire .i.~ more or li- 21 of .-. lllX\ll‘_\ s iich tiir. he IlltIIEIlSQI‘ with, or lo UCITOH‘ ‘l|llill it i.» iiile tl\€‘i' some Bniiriporiuiii lllnllflilil .-\i tli» t'l.\l\' oi‘ lieu»: ltioiiyi .15 lint-ping iipiii: lii at. ‘ell .iiiiI ilire.iilIi.it/- .~‘.il)_il‘t" Df1¢1ll‘iii;.“llt'l't§ll in iiie- his Iiffieiiilitl ioiii-ein i herriei-ei-L [l‘5~ t\.|i'.. i)_' ‘lIPIi’ til-iill“? i ‘m: rc.iil_n- one iiiltsl iiii r"“l ieiil- .i:uugliili=~.~ tiirldlllfttit? iii‘ - ]'I(lii‘i _ lion \iii‘..' in. !Illl\Q iii inim- iir (Il'~ Ilizari iir PXYFitflIliiil-tii‘ ‘lIi'ilTl“ {he ma! ~ie|i ii ii .i.. ilii- ultimate miniielliitioii i-l D thavl-orrnttlng iiiiiiii il< hecetise rim iep.i\'iui»i~'._ of siiih l\t rowing l~ ‘..i"ft\i'i'l '0!‘ tini- f\'il"]i- tlou riiiliei than ..e i-iile, iiui iii (iill! t: e assiircil lVPitP/Ji oi ymviiii.‘ preniiiiir. iii iiiierii-i i.;ii.i-. .i ilei ("use-i .i.~.~ l.‘lI-'5'. Iii . 'tlrt-_\ iii. i-niitiii.iniis iii-iip.'i:.-.iiiii:i nitric-t l -‘.i< ]-l)li<'\ liiiiii, ti» iireti-ii- iii}? or -~e|i:i nit-i-i ii.~ .i part of tlietr millet i tune efYn Iitlt tliele i: rooiti Hr v; Ily '.C':li(‘l .ii<:i\'l'_\' iii lllll di- iicttoii it'ilIliI-Illif\\ liifilm-w in (Irv-tit llritiiiii. "The LPYIQFSIi iiiiproreiiieiii lll our . t i'.- fiill >h.ii'c iii tile ex» ‘IHII. ii: the _\i-iir. Opportunity snil - :iin-'. ‘filCUiJ _ sot! iii .\li\ nus found iii r-tlst evei _I\’l'lO"I*. l i~iieizt F011)!‘ month.“ iii llreiit i= . Eltwfilltjliiillftl b)‘ the Tretis- .. urer. and iii-title on eitliniwilve study- n? the coiitiitioiis affecting our hiisl. with on ihrit side of the Atlantic. As “he n‘ ;.nii lznow. we hint» li ver‘. "Itttarriie and convenient liuili-llrg d! ciii imii all or w‘ ' i’: we (\(t'li|)_\'_ m Lnriinn. with ntflces iii iirgliiiiil I'd \\':le.~. Scoilanil nil lrehiizil. \‘.l.ti. u hate this tear piilil fiii- S3,- Giiuilliii. hi‘ river ‘uirn LlS mui-h as‘ lit liilfl. Vii-iii-i- forces Ii:i\'e con» ..i'l‘.i...ll Ln t|ii~ i-iieiioiiieiizll sin-reins, '56 t- o." ni;'..<i.ii.iii'nu iililli.’ .‘I‘. cflec- Lite .ige-:i-\ ,-l:i:it iii il tlie [ZVHII “h. It'll this‘ "f'll\[\: _ i< .it-l'- in iniiltc lii . Hriti~ii public iliiou l. ii.~i lllJ< i i‘ yiolicr LOIHFRI‘; ;iii.. Il‘<' bonuses tie: few liii~ i-ori-oiuiiiii- ~ illlll hart: '0. rile in l‘fll‘l'\' on iiui" the \\'.ii' (1.1 , itlll tiller u lli‘lliil i'lil|l'il||'; iii- iil i; iiltnceiliei i i- ii»ii.ii lltin|lfipfl 'ii li.eii tiieiiilieis 't‘l.; i~.- .i '_|'1YHI 0'i.|f'0Iii'"1?lvl.;;iit it) ‘h, .i..il .i.- oiir 'I i- liltel. to iontiiiui- .1 iilpii i‘.itIi.ii;; .lil.l"ii\' .i:.~l a in“ iic iti l1tt4:- ui- .iniii iii.iii~ uitli i..ii-h i0. . ilt-i i i." .i \ei_\ l.li"..i£ 1'1‘- eeston iit iii~w iI1lP-ll'!’>’~' iii tli-cut l'...ialii. ‘f-e =lialt loult iii tlidt iiltllb .l.t~~.= to Citiiniiu. fiii .iii ii:iiiiirt.ii|t ihiiie II l|‘|l' Lola] I‘ p.ii:.~ioi ;.:-i .i.l~ .i.iit ti-l ..~cill, ‘IAI h. liitien Lu tliui Fiiii. Aiiihiiit uioeii or .i l;i\i-i.iii.'i lllfllilliiiililfi‘ lll IrLer ila\\.ili' ‘i'.li4‘l lilll<l pruiutl~iiiiz izuinlitiuun. .iiiil \\-i~ tiiite recent.“ loin that ii;_'1'.‘4_\ .~.iiii.- .\'L'|)t("IIlJL!f 13.: otei- l.‘ ilt iiiiii llupriivcil hvrrli-c. In iiic ‘iiri lu ‘Iv: our rcprc- “l-illihvw‘ II IIIOFI? thorough Plillili- him: nil-I inundation for lhclr I'll] . tlrl will» prnliie-zttvo holders of [It'll- t-iel 1m: RYOIVMI II (cw yeni-ii ago ii course nt liinti-uctliiii liy l,*(il‘l"0.\‘|lu|ld.‘ .lll<'l Illl time more recently added a of clpsineii which are carried on j the hells otlol- Th: opportunity w». war MAN Y PROOFS OF SUCCESS THE PRESIDENTS ADDRESS i..\i-.:: ll iliiiii i-i.i' lll\";Il"‘ll\\l| ii} iill: t ‘li't‘tl to lie. iliilill ~l siimiiiiul -iii l-iflli. P's til’ il't' Wtigl‘ .,~..l .i.-ii;ii-ii .-i»i-i=~.'-.»- ct '.\il i~\iii llll’ iareiiilix iel. ‘rt-iiui: nhiiit-s illili tlic- i:.\'<.-~tiiii—.il~ htivt il1"'*.'l illsirllitiioii iiu-r il wide riiiigo oi‘ siiitztlili- s i‘lll'llli.‘i<. ‘\\'t\ lIiAVl’ lldll tiii- Fit-lip! lllt‘ tlllllirlllilhflll i>\l»|."i lii: t|lillffil liiitc lll‘i‘i‘i iirriiiintlj." f-irilr-hcd otiiii» i-oiviviiies unil- ii iiiLe-i m viiii uith the General‘ Qupieriiuentleui iiiiiiij i-z‘ riiir ntflccs. p optimistic A, ilii- lt -l o! ttlil uttr claims w‘ prmiiieil tor iii the previous _v ti, Iiiiiil ii~ we have iii tile iilist twelve niozitho lt""il frr-e from epidemic.‘ iLrri- has tic-iii l'U tliiiisunl factor at- fiiiiiiii: iiic ll"1i'.ll ratio adversely, so iliiii i-.i~ ii.i\-i~ rituriicii lii a imrmtll, (ll illlrlli [)l'|'|\"'l'- a siihiioriitiii. loss, {In the _,iiiii;ll iliuttiis have been only iii’. pci- iieui. iii‘ ihoei- expected. The i] P iigiiiii shows,‘ bihilig iii-ii tlilc a w-ij. tli.- l.ii"t.'i:t rPill |I(Il't‘_\'l]iIlIlI’l!, tiiiil iii pursue lllt‘ ac» iii.» iiiiigi-iiiii uhiih l! iiriiigiiig us Filt li 4i griitifllliié l‘ ,1,» uflitilit’ flillilil» to, (Liillifiliif, .i: ili- hililli! illllP giving nwri» iliiiii ii.~.i.il i-i-iiiuigi: to thou: who evil iliciii illili iiiiicli iciitiilince ,,, U...“ i‘.ll|\ i..._.- t. e Ilnlttreil. tlurs in one n! the. .iiiiiii. ,.,.,. . .. _i~ liimi-l . \' .i-'i lllll In. however. hiiv: ‘The unusual ilenuuiil for life Iueuraiiir continua-ti ititlioul abatement throughout I020. Gent-rel Improvement In briuicli organlnttitiii t-niitlititc‘. eqicclitiiy In (ircnt. Britain. Aiivnutngc “as InLi-n oi n fa- vorable opptirtuilily to cnlcr llnuult. uniicr must promising ciiiiiiltiiiin. nuii uilli ininiciltiili: euctv». In ziililliliiii iii t|ii~ i-i-giilnr nu- Illlili iiispt-i-liou ll) llll‘ (‘iliuliiiitlt iihurztiiix- nt‘|lill‘llllt‘lll. tiic (‘um- |i:ui,\ liti~ I‘(‘I'(‘llll_V iiccn ~iiiimit- tt-il tii a most tlini-oiigli iiiiii ct- Iinii~ti\i- cuniiliialiiiii zit lin- iinmis iii tiic itisuranm- (‘inuiilh- iiioui-r~ iil’ .\liciil,,. i. Illinois, i'i-liit.~_vluliiiit nilii .\Iiiiiii-i~iita. llic rt'~uit In-ini; wry i-atidying to llll ciiiicci-iiotl. 'l‘lie|'e luu iwcn no l|lIll\lIi\l tli-tor iiflcriiiig the iit-atii rule lli\t‘l'\l'l)'. Tlic |l(‘l §Ilf|>lll> l-T: tiir _\I‘III‘ amount to _‘.ll"‘i.tltttl. the: Ltii-itlest lii tiie history of the Company. lntcrcst l‘ill'lllIl|:‘4 2H1‘ tum of the 111i?‘UtilllFlllllllllS to lite sur- |iitl~. anti tiic aucrngc riitt- of Iii- tcrciil illla Iiecn again iui-ljcum-il lii 8.10‘), per lllllllllil. DiVlIlPlHls paid to piiilcyliiiiii- cr: ut-re t-xreplluuitiliy largo lll I820, living $_,7‘.'3.llilti. ‘UILIS oPfi-reii has been sidzcii with; uuitii; niiil lliuse \\li.i llil\I' iintlrf- l-IiiPiI tiic ciiuises llii‘.l' siiiinii .iii ini- " ‘ l i']('il}\(’ lll hUil“ .iti.lil_\. aiiii lILl\" ii-ll uiiiii. iuvir‘ l ML‘ iiiiil ui.-ii-l.i~.l ; " F\illll\ \\'t.iii ii iiic ti" |\'.i lii liii‘ ti Illlllllilll‘ ulili i\' A ’i‘iioriiitglt I-Itaiiiliiaitlnn. i. In atlilititm to regular rtniitidl .i--.t i-xhiii.~"ii\i~ -i.i liii- iiir-rii iir \!.-lii iin_ llllfllll“. l"‘ltl‘i> m.“ _'i.iiil‘\ iiiiil i-iiiictirreiill); 4|l uni-kw in lll!‘ home i..'Y‘ii-.- {ti - |.i.~.~.lil. t':i illty uuis ;i.'f‘i.i‘ili~il ll- . lldlt \\."i |Il.'i i .r il .< iiiimitr- nephr- -l|t li.iiil..- I rc- ziiil iii Ii iifili-P ' lfogpihiir iiui-rs niid and is y).ll‘.'\§!l'£i]1l"l zip i‘ ~i III Vi. -'.i;il iiui: 1h» l'iiii.iil.i I iic t i-iriidi v . . il;.': zcii- .irc spe- i ~ i~ .i mini by ic- ‘Pii ilciil with ilii- 3;. i-. w. ihi-tr ili.it =i-i‘ lit“ Iiiflll/IIHV are ' It‘ iiiiigiiiiig ili\c~liit icil. "illltlil ti! ‘H! all ‘i.il iliiiii re‘- iii"i. i<<i i-t’ lll!’ illlil|litlli tact. ('\l‘!_'»' hsI-‘ishirlce ltu. been léillllUYPkl ti» in.il.i- the examination ilicriiiigli ziiitt i-iitiiplcie." surplus linriiiiigs. riiil cri-iis-c uiiil iiui an iihiini . part in tile creation iif nelf t“, viii-i i >' of $1.>ttJ.i,(i00 for the V“. ' u ciiiii flBiIiil constitutes mg in the history of. .ii~.ii i-niihlcs. us‘ t0. uitli-iit liesiitttitin the pre- iiisiribuiiriii to our (‘lnx of now menu. sirciiittii, the. i~\r-i-~.iii‘\'c~i 1'01- ~| tor 1liiii-.iii..iiti - II’ policy Tlii- lllll'l‘l‘\i llutc. tiiii» ii.’ ilii‘ tlllPl inntiihuttir! tui ~iiiiifiit i... i-i‘ iii.i~~~_ ill" llllt‘l"‘.\i in- . iil \’tI \\..l i!“ {,[|'Hlll|l‘(l tri l ‘\l‘ llii\" ill iiccii iiblo iii ii~.i~-~ zlic .i . i~.i'-- upon ‘\iiill i-.-.-»~ .'ill'lll‘ iii i- l" III' icnt. 'l".i»i.ii~,~ii lii ihi- _, l‘ liii<l --~.i lill~ fihili w. u. |illl" -- m -i.~' of ll'l-| lilllilhl" riln- ' ~ ;.i~iil lll‘- ,i.i-.i. iii ‘ju I i i .i\.iili-i iii'.~il\--~ i 5- ufiiiyiiiii 4M’! iii iii-Ti \ ‘\"t\‘ i" 4>.\\ii ..-li- i.iiiii- lit iiivvt‘ (‘r wliiilt .i~ "|l‘i|| |.|i|‘4| Iii.i'iii\\‘ iiiitlciini m». ‘FIKUPWUQEV! ~.ii-- Mi. ‘i Hiikievisfiimc. 05X SE51? CANA/IDIAN CONDITIONS in the early part of the year gen ‘benefited had It been poiilllbls for ‘llllifiil as !lli"_\' llllti been in the pre< .- ‘ltfilhrl niulallluti. \iiiii.~ iuelri- iiioiiths. l t p i ‘lint-ct Fpoii Loan Business. ‘ (tiie effect of the adverse exchange Hrltatn which will be .iiii~ri-ii.~'iiigl;. fcli in (‘iiiiatlu is the tili- tii-iilt_\'. aiiitiiiiitlng almost to Impossi- i),|-..i,;_-i. ‘in. “run. m. ‘ |I(I|'l'tl\\'P\l |l_\' our loan irompuiiieet lip- lv.“ Iii-i-ilili- iiitniin, tans il0l lii Sllllli, (1i.\erii— ‘so narrow its lll renilei" tlie prolit on the iofiii anti other companies tie- iii :lie H ili.~li Press Association anti. tlliiiiiilii-rs uf Commerce lil'lt""~\' Wile lii rotltfl‘ were lil.~ttii_\'-iiiultiiig crent: iii roil- iimiie cxteiitied totlrii from coil! l0 iiiiii-i aiiil i-teigt‘ facility \\‘X\l IllWTd iii their Illfllilliill to enable them l0 tli-st Iiuiiil not only of our, reimurce: and potentlfll tii tli: male of their tie- I-eiiiiircs Ml Iitiiiie, I-iit In the latter diruitioii they will .~<llli be seriouidy litiiitlii-iipiieii for some _\'e:ii. ‘iill fiiici- iii iliililli‘ \ll!IlP|\|'II>\'i|l l'!‘*'"1l \\" “rte lillflltuiiiiiftl)’ llilPiL" iiui-ceases. of our liaiikiit: and tinan- rllll eysieiii. of our social anti eilticlt- iloiial iiisiltuiiuils, of our home lilo recreations. In fact tiiey| Great lsriialn with XIII‘ . _ _ _ . f, Minna“: kndwledge or Canada amhtion of Liie timeiilnletlt to iiiiioilu e l.i-:' people. rif her aims and p0sslllili~ which. as it is tllsseiiiliiatetl lliere it) siii-li Let-ii and thoughtful oliserv- m“ already exoflmm em. ctliiuul f.iil to liriittiieil the sytii- Mm "H"... ".nnnn.lzhensi\.e_ ‘he “i” "mmin" been siiggesied that one or the chief l'"91"'l1‘-"l$¢ ‘lltlllllltill! io its provisions should be "flllllniidili"! l" ‘"9 the granting of power to the com- panies to transact. more than class of lusurailce IIO-tlilll eech tiiciit uuilei- certain conditions will lie _} v able to uiiiicrtaite ltafllllfllllClli of aoltllei vttl» branch”. M H“, mini- i= gent-rally proigrcssiiig, aiiil tli hpanh, H“ This Lilillllld the ltcatitvtly iuaiie appears qui" culjllnol] l" "" =‘““r=*"1""-l’-~ -"""_" ha" “P-(li-i-iii Hi-iiiilii uuil might eventually _ former atiilititioiis or 11.81;" f...» ‘qnnloiny Hrrllll-Allvlltl. Willie lilfllll tiUWPh‘. "H- iit the iiusiiil-ss iiirougii concentra- lli“? "NW" "l1 tiou or inaiiiiul-iiieiit. supervision null iiieiit ziiiii iiiiiiiii-iiiiil securities, which ii iiou be iiIilaiiieiL :li yielil Hill". \\'iilioiii iiuparage» tiiezil o! lliF\P iiivtiliiiiiiiiil, which are hearing the Iiurili-ii iif .‘i vlllitlllillil {or u liii h they .ii'c iii llII \\'Il_\' m-zpoiisible, it is rill)’ it! lt."\lll.‘l' |ll.li they will not. he uiile iii lti-i-ii i.;i -i~ tli". l. iil a wiilel‘ iif npiiiitiiiii uiitl . 1' ‘H "UH w " griuit advantage of both. for fiirin ilmclilliliiiiiil. bttltllfllfi. in.~itrttiicc. tillllil-lll} .\lliill lit- ri-iwiw-iimcii‘ tiii- tiilii iii\l_\ iiv lliusc wliii ore "c 7§l'l'\i\ H Itilil wiiii illlil‘ ;..|:'i'il lllt‘i|I.\'(-*l\'t’!< \\'llll lll” !.-i-»\\'ii-l-_;i» iii lJI,‘ ol-tiiiiii-ii lliroiiztli ll‘i!4 Vtlliffi‘ of xiii iroii= niimiiis ii ii-liii-tii-n iii iiriliiiiiijv -;iil_\' lii-iiieil most IIMIUO, i}. \\'i~ lieilcvi- lll.i£ ill-till) llic lllfilllfllilit‘ >litiiilii lii- i~olil NHL} ti)" ('.\]iPi'iS. .'.l!I4i> iciiiiirlilg .~.il'e ,t~ii.ililc llllllll iii lillli i-cil more .ii.~ti\'e-‘ ' to inc i-iniiilri. and to iiff ii.’ lniior (‘tl]tl|\l"“.l!‘ll iiiiiiliuii IIISUFIIIIVQI. ilriuirtiii-Iii‘ the i-i-iiipiiiiy has l‘(‘I'€‘ll!-; liw-i. siillllil'l“il iii i iiiii~t tiior-. i- viiiiiiiizitiiiii ati ii'l‘ iwiiiiiiiiw- .itioii.~ .iiiil ikii-iii- .i iiiwi ‘.li..'ir_-=iii:i, wiiiisc reprie- _ “mink ((m'“‘r\‘|li"|" t-iiiiciise, , _ element of iir-iili is eliiiliuatcththese “xwflmu lll‘ili‘llllllillt at u rate _, _ _ V. sunwwhul It,“ than rmmirml m, the ItuZIU-Il aiiiilellils tn Olltoilllillc mum: . i.’ He“ m“ m“: Xlflpvlfllllll fur the fiiitire. \\‘lllI‘l\' 1H,,“ ‘U m’, \,,|',.'n,l.i_, we,“ uiiist lltl'l'.“i~'tli‘ll_\‘ be of lienefit to the siiiii. .~iu--i~ 2t! lii.~ ilcillii tlii-uiiiiiunt slat“ llii\iilf‘.\~ In iIiv-iitcriiiig. Pnlii-ii-s an lli\’iil‘.lIl\‘l: is lii liy llic Viiiiiiiiiitt-il triiliic iii‘ the pan-- iiui-nine to his \\lll\ ii '.eiiit.~ .i- i.i..~i< lllilll)‘ lIRUIIIVUS this roiiiiiitltiti viilue this ioiiiiiigi-iicy priivlslnit is I itiaiic for the ri-turu of iill lli‘ :i por- preiiiluni paid. The iiei-ciiiii- operative Septeiitq Smile Sear! alto ~ 1 lttst, iiiiil L015 policies for $3,- ‘(llFPCiHl tii the taxes imposed bl‘ U10 Liiiifl Lane liceu lssueil. iiii-oiigli .ticir lllQtllkHtl \'.\'.IlllilIi_lllQD§, \\llll‘ll ehibrdi-t- .i glowing Iltlnifilil" lIllUil ('.H'll IltflilH dud Lnhlliillllllliiil .ii‘.iiu'.tll_\ , 'l‘lic \\'ci~torit (Tops. lltJIL oi ihc desiiiede iii-site. Weather routltiioiis tie they affect-i’ them: exaliiiiititiiiiiii and rciiitiicil. .\i.-\'ci'al cumpuiiitzs 110W uwii iiiiatitticil nurses |il-.ii:c their services ttl iipyircciattiiii rir \' "S 4"" i‘ §l"'“l"l' piisiuraga and Aiflul. wont. quarters iii t-xi-i-Ileiit ‘llllblgfi’. .\.'i i‘ilUt’l\’ bl.‘ ltCLlllll. whether innde by per- -_ c. lietlicr til Pliillllltltlii.) 'i'li4.- \'ll:\\‘ is giiiiiiity. that‘ ihr- iiiilii lil tlic hlltljl is entitled to u reasonable share oi‘ the profit which he assists in pioiiticiiig if he is glv-' iniz tliiit assistance to the full extent iit’ his lciitiwlerige and efficiency. iiiiil ‘ tigeiicies. are followed with ltc-eu in- mg m b“'ku"c“ewal' terest by iiisiii-uiice executive properly directed exorc ‘mental recreation are excel si 0H ‘ ‘lwmlgl’ ti“ "lflnum or m“. "flmnry i-il and the Intense llfliti nt‘ thc siiiii while overi-i-iiiiiii; tlin (IL-lull vantage (It intc seeding. :i jltlll) uitli at giriit-riil iIc-cliiie in iiub~ p g\\‘]\Oll'li tit‘ ]>i‘P|li‘ll'EIlil8h-'4. tiiitt every must also tlPVlllil-XD iir llll§ output iii- , uncut unit support‘ ti_v our (loverllnlenl. to these i-egiiiiciits. evcii thougheiicit silppflld YTIII_\' ililtl does entail n coin! AldPFfilIlE charge upon the --niint.ry.i creased the yieiil. but. in many ills-i ‘trlcts resulted in llfl inferior sample. UH the other hand. while the winter, 9-" i - i i - ‘ . 2.’..?i?‘.i.‘.°.235.fi.“i‘ifi‘;‘i'2.$°Lflfi~£2 unllinllted pusturage and hay. and ‘hlrd “m”! °°nfn°mw l“ whmipe‘ while there is i. ieductltin lll the hogs, there ls an ilii- iirei-lable increase lll sheep. Although seeding was lute lll Al- lull"! "f ‘bet-ta the rcinilie ha\e been mi the whole agreeable. ilistrlctii :1 hotter than average ci-iip tho many profit-sharing plans. advantage will continue. health are well spent. Housing Problems. The I-lxvslitiilgc llnte. The exchange situation (‘iIIiS(S lending up to it are so rliillll' tiniistitin .ire the problems or propei" housing (iii-titties in towii and coitu- 'ti-_v for l'\'t‘i'liif'i’t‘lltilllg populations. |\(l'""l.'ll-.' Ilint the tilvviotls Felllfiilji for Pity Pniincilsi ililtl lions- HW- l" "16 Hlfllllllmfi iUlltlPi‘ l'lilil\'ililtlll llllllfllxiillillflly ll.- UUILUIIU 1l('l‘l‘.‘4, :iiiii iLiI‘ill liIli'\(‘.‘1[ (‘lIll~ ctii.il £i>"4l>‘|llll4‘\' llllfllllfll- '9 of ilm Iiiisiiicss uttering front. Proper st-rtiliiiy uii.| ciirriill vii i|.iii_-: ll]l\ ii-iii- \\"Il‘ itri-iili-i- illillt I‘\'l‘l' be- . i‘.ii-i-_ \\'(' ]i.l\(' i-oiii l||'!‘t ltll\ liI-Ull iililc \\'llii‘il -|]i|l".i|' iliiiiliiiiil oi‘ i't|ll'.‘l‘ll1\II.i iii Iillli" lltt- l-ii liiiil illiltiC It practi iii lllla‘ Iiuililliit: iinil tn give --iw<iili-i.it|iiii itt its future You wili i‘l‘lill‘lllllf‘l‘ tllntl rs iiizn. wltli thin thou ht In , ltiitiil i-vcii tilt-ll. your Dlrcctorfi nc- iimmmm figure’ iinii-cil illf‘ iiiljiiliitui: i-iiruci- of Kingi Jlilli‘ il.i_\ .~iici-ti~i. Zillll i-iirly lzltit refit‘ ilier tliilllilrlhfili the puri-Iiusii of two ,. In i i-i ltllil\\‘ tti.it .i l.ii...i' iiiir< lli(l'l.' aii- .~'Iii'il' i‘.('itl‘\ iniiiiili-il I i....- -. ‘Vii ii\!|l4l liic lose: iiii-iilnitt tii tli ‘“' “H! “r 11mm" h H i i-v-iiiiiii tiii-ni, lilll any ii iIi|ii\l'-Il_\ iii - fcrtritcti Ii-ltvccii this Iiiioit Yttilll! atltliigumpalil‘. Ill!’ prr-stcnt ninriai-t llllflbllillll i}! i-in-H l-ppnjnuuh|r l'| Pii ¥t'\l‘l‘.ll tlillir~ \.I‘-I‘l' I Hrimiii lZ'.Illl"' |ii‘ci~'t~lll. cxcliiiilili‘ ‘ ‘ * u lherctqre. IIUW owns a. street and 234 feet iiiit-ti which. as the . ample provision may ed lion n fitting scale for the lii- Filmlflli 166 lei-t Oil King t eel uii llill'i!I_'-§ rec-nut iiuirs lii luoctiiteiihlliii .'ii ' In filltllililllrhl‘ tnziitc u oil rrtiulri-meiits 0t piilr _\ tiiililcrs. 5 iiui" I ‘siinlly HIP-W‘ licrioiis o! iiivi-i-iii t\.i\ I.‘ iiii UN wtiiil: lett tlitl: mtuilncr Income Iur In- valuin- but w: d0 not tel-v MIVIIPUQDI the i IEWWS BUSINESS or 1920 FAVORABLE role Flirting, ttiiii in the admission o! linuilgraiitlf her than a year ago. but It ll.llOD’Cdv are attic-guards which are loo often} that this condition will soon rllhl ti"; ilie (l?Ill‘B for In- Iett. The dairy product: of All!" l-i ii i. better pol-, for which slio has become noted. Willi ti» and cheaper lU turn away 11'0"‘ "M" i‘ "lll" "i "moooiooo m‘ m. would-be citizens o! uu- YPRIK piiyniitte and murals. 0|‘. Slill. iii slit tliem out lietorei‘ 3illlllvillfll "IIIIIIOQA their 'riiui\lr_\' u! orlgiil. tiieni llt‘l‘t' aiiti lier~i Imps alliiw tilt-iii tn itioctiiate an eu- \\itil ltlilih iihjertioitaliio the representatives I affairs eiliitilil our IIIIIIIIHAUIIIYIIII TflQIIi 8 LIIIIIIlIGI‘ aiil, ihiiiiigli tliu “m” 5mm... :iic.iii.. tlllliflifll hi" the Lioveriimetitf V IQV-"PT "1 lllPiY 'l‘ut.i\iliin or Prciuliinis. pri .i\it: life insurance iiiiiiiiiitiiii i-tist. ziiiii “iill” "ffnllli? i" iiiiirc ]Hll'll(‘lll1tI'l)' for those with im- "Mil"? i" lnlllllltrillri wiiii-li llliilit.’ illrltl iiielig- muiw time» FPIIEJIPII iii ihertinfit. that m)" n“. _.U\-..,-;.g,_. m. i]... rump-Mn“. eiuiie portion of the individual piiljpjg-c, a 5L-h9|“Q'l‘OiI\P siiuiilil lie fri-e from tacit’ de~ evolved “mim- “qlirh m, voLHl tu the purl-liaise of life In- (ltirci iii.iciit insures without medical small"?- lllltFll .i i- i A~ iiiti iitlit,‘l'llilll'lll fll>lilll€$ all ad- “halmmml from ‘he infirm“ m’ Dr “m; a“ ‘he 1a’- per cent. of all premiums not iuieqlxth of the income. H, iL sliii-riitilin take: Such exemption iiatliiii-it thrift. somewhat ,(i(t\'t-!i‘TlXil€ili lent A very late spring deiayetl io-ed- sltleriiliun tn iiur_ ‘ um“ Am“, pointing tii early relief, aiiitl. lmppily. m“; “ii-me m“ r-Ummiui“, we“. p". their stit-n-esenrli, the present. (tavern- orabiy influenced b_\'_tlie iiiolstuie of "if"? iiui‘: tuilieltlhéhailiitlillifoilworriftltl l ~ -' . ' I ' I Ql ‘ \\' thi. [HIDIOLII dglllllilif. ‘llfifill Wliiiisuiivagliyle reduced me "x by o"! ‘em e "J5EE: 1'. "in, 'l‘lils I: now the lowest rate __ . ,_ _ _, _ , _. ileiiiniiileit by any nf the Provinces. ldlllilill “us 'ei_\ liii9\flll_\ Illflilllllli-iand n .3 u“ ‘his "CH0" ‘mu be o‘ limteriai assistance in securing shut-i lilGlII laud. iiii- i-iiiisiile ution :In October last. iiiarltci tn write Diri-ciur. Ile lure alum tulliiees of nu ex- i-iiiitiiiiiiiiie growth nf your gglllltfirflél :12‘; m':‘llll'”a'""d mimi- r“ q; _ ‘ unnenaver-a . ..iv':r.";i .2: iii iii ‘ rcc ors were ortunute Iii lecurln the co-oporatlon of Si‘; who during recent years slit: Sir Thomas joins‘ tho Board as a. representative of m; l0i‘\‘ll"t“- from the In his stea. Thomas Whit», policyholders. "liilroviil. The with a finntaire of or uvrsnssr r0 i POLIC YHOLDERS Last year reference wan med: to the fliritit-iiil iilmcnlties of nome 0t" ‘the “Yisterii municipalities. I > ipleaiiiniz" tn note that the Provtnclali. "P1111194 11"“ ‘m’ “"3e"".aiitlioi'iiies of Alberta have. Ilkfitl or young countries such at: lllll'll‘{hPil_ Munich“, lll tlitiii llullli-eil Increase tilil |IiU\'Itiv'. lliltl ll r-i iiraiifsiiis 11"" Finances Commie- Ifirsvi‘ Ywlime “mlsion. a iirin-poliiltiiil hotly, come the iiiil or several of their ntriiigllnzi miinlcipiiliiles. and It would iiioittlis have iiliowll that they airi- reitilerlng" Villlillblfl as» ‘li'l‘l'i'lll\ll lll liliii iii- finance m 1119i" cure iiiust be had. Jllfil of their affairs. 113i lll ii UIIHIIIPEH LlllllPfitllilllf, iiot l0 Siiskutclletvan will noon follow tlllbqlilx to quantity oriexample, 1H4 smite of the tmtaller Qlllililllltlfll tli size. ‘mmlkl in the adjustment 'lllilP.i4 In that .n'llil'll in iteeii iii’ relief. ’l‘iiere are comparatively ;\\'r.sterii ininiii-iiitilitie: In the azgre- fate which have been tumble tttmeet rum“ “my. boqii-{theii- iteiienture parnteiits priiiitptiy. ' _hut it i; niiisi ileelrahle that shape. iitht-rtvlse their dilemma will .i-ei‘iect iiijnrlously not only of their neighbor tnunicl- ‘IIHllllQI, iiui itpoii that of the Pi-ov~ liices an a whole. upon the credtt ‘ 'l'lic. Insurance A ct. 1t I: understood to be the inten- at tlie apprmicliiiii; sebisitiu of Pal lla- llle Insliru tire Act iii; ottempte have been carried on h_v a few whos: heliet’ in Institution- -al Advertising gave them the cour- gge to persist to persuade lll the life continuities active In Canada. to lharo 5 in a combined campaign of publicity ltiirotlgh the medium of the daily -l'i-ess, having an its purpose the bet- fter iiitivriiiiiil of tile public mind Ill to the principles and practise o! life insurance. the plitce ll. occuplellln our national economy and tn _re l- ynluo to ein lo er d l ‘llrllflil (gill! Individual: and (1110 time. ' p y an amp 0y , . ‘ t t t. .-.‘;?i“...l §.‘.'.$-2'.‘2.°".i.e“’ii‘li.i§i1 2.15‘ . on ti» nick-t- m DPMHIHI on; United are vary low-the year's ii usually amounting to an itver- or 3 cents - a day per employ rel lil‘ll Iii (irr-itt Britain this coli- Cnniidian companies and States i-rimiiaiiy. s feasible channel riir conducting the experiment hui been arranged llili It will he Im-i _ meilliittily Iiuuguratr-rl in full con-HIM‘ ‘L000 ""“"5"¢°- tltleiire that the people o! Canada l\\l'llglrlflllti,létliixluls Illfhgflrlfficnt: 53V: When dent): occur the Cliil . ‘U . VQ u with an iindt-rtaltinl ywhli-il ll o! m“ promptly .0 m“ m‘ t" such urgent value and importance to them. This is another link in the grow- lIrIIK chain o‘! cn-niierntlon between t i- cinnpnn es cniupriiilii niread . * - asisot-ltitionn of Presidents. 5f Munoz: urfly gamma “Rh me sew” ers. 0t Actuaries. or Medical Direc- tiirs. in which has recently been aildeil that n1’ agency nitlclais. which has in (our years come to inning. iiver one iiuiidreti companies iii Con. aila- and the United States. This laiit-iiiiineii organization has a]: been most tisetul In bringing "Pit"? "M1495 m mew“ agency departments of the member _i-oriipiitiies together on a friendly pu-teol the country. Notwt A ( ‘ 1 In; the present period of I n even o mpoi-tance was the moat In value: and the tern w'tl drawal I 1h . I milulmbie Lilfe'X.£?-n“c: ggigtty"; depression In loin: lines oft .New Yin-l; from business In Cannon. l‘ cmmnuy """‘°“l"‘ l“ 'l‘lie Society lin: been for many you" and amount. The new spirit ‘aii uctlve and honorable com tit ~ t mt EM“ “lwiiYl 1 W14? Ptlrllclplnpot ‘it: nonummymmdultlli newts any progressive movement. It I: “unam- “r mi" or lllldOrllflfld iiiiii It: retirement: m... ant Ovldenoo of Ite iipprecll imlmidii- “m”! ll 1° i" "trotted. I: employer. uid the Verdict of iiiacle not through d! _ “m... am.“ ,,.0,n ‘f3’ ‘gwerkiglci. QInDIOYQ-ull that It ti» PPOVO! here. but Iii pursuance of I well. l" "Purim" "u" ytléillllttl policy of restricting p. employment end lmprovlnl f’ MM.“ “l’"'“li°“s “i "19 United States. between employer and eiiivl"! At this time‘ when tlie Can~ _ _ 3.11mi iii-uple ini- lii iiiring on cheer- he “Muted fully its tuny lii- iiiiiistt‘ llt-zn-y (i133. daulion in vtiriou! foriris iu the Itiiiiwl- " H kunm4\,,n,,l'_ m“ in i-dge ihiit ilivl‘ iii-e helping to hear ' ' ‘ the Iuiriirn thruai upon our t"(I\li\l'I‘_\i‘ _ ‘lw wnr. :i mrasitri- of rclief of (hi; umnmmln‘ “m! i ‘iulilire would he illfltll gratifying and a strerit Flllllilllil In the direction of viii-long Provinces llucoiiteu tit’ the life insurance. (‘filli- ‘paiiles within the vltices. lfniitititmus effort made Ioiiltini; to the vliiiiiiizttion rir ed crops wert‘ generally favoriiliie iii "'~’d"i":“;" fitnflézse yrhilrxps “n [he . - i .. . . . .. roiiiii i I y .'I w: .\I.iiiitiiti.i. flllllfillgll the Jltldsnllglligz; 5mm the mflnb M. mo jmHVUIHaI .~. .. - . . dividers oi‘ oiicies iii tlti- conliwiiies. l4“ "m", Hahuxeddlilil nlliiifirl?! has lieen the first, as. usual. to tzilte iirtloii lii the iiiatter. Fnriiowilul |t\'('l' ll ye-li‘ ago the tileti ‘and constructive basil. "‘~ ""7" ' Leglslattires. This . l“ "Ml-mil glmn-intiiih appreciated by nil “'l""l' "m “my ‘|°‘ ziffects. hut it In hoped that all the ‘i-oviiii-es will yet go much farther ‘In the direction of relief. The Association of Provincial ln- icompuntes to join Iii their dlsirul- slons. Tilers is evident Amongst tlis .superliiteiitleiits a de all fact: and ‘bearing upim the business 1,; (he "Ol-ihem iwltiiiit their jurisdiction. and also n wvliili for tiniform Insurance leglsla~ The Province iiiiii ‘tlnii In all the Provinces. so tar as 'iliat may be feasible. ilniis are most encouraging. and it I: “an 10*“, ‘VH9 lfeli that. much ixuutl may and “u! l.“ H“) mum ‘RILTPIIQ to both the ,_._i-|-,.,.,.,| mrmnzh tho companies from such re y win...‘- mmm Monk ‘llliti cniiilillieil ilFlitlil. jw ~i lost through the r.t-.\'t"l'll.\‘ 0f liic ‘weather nuil incl; or teed, and there ‘in iuiw in the Priiviiinc xi li-se uum- i Institutional Adwrtlslug. l-‘or more than ten years unclu- Sotwitli llnl DUNN" m policyholders during the yell’ amounting to 88.954.933- lll. were Increned b! "i The asset: of your Complll! \eltmenll. For Inltnrwfl. 5055' of the Dominion Ind Pmrluclll lion dollar: during I920. high clan: 0| in tmentl, w!!! A particularly good Iutnre iii the yell" was e decrease In tlir percentage of lonu: on poli- cies from 14.02 lo 13.00 o! Ibo sieeetii. \l'liile. at’ course. this Is a perfectly 1001i security, It i: a lnlhtiat-tiou to note Illll policyholder! appreciate the Id- Frequently a policyholder will time. while the Innn exist; than loan. lo that. It will not. lie tie- policy. If lll‘ll|l occurs within l l: being pntil oil. A letter to the lloiue Oiflco at Toronto will In 1920-Q The Canada Life Assurance Comp (Qfilllllil ll U") Made the following substantlsl PROGRESS’ Total Assurance In Force Inez-sued to Total Asset: lncreued to Total Income In 1920 New Assurance: Issued In 1920 New Assurance: paid for In 1020 Survlu: Earned In tsao Y“ " ‘ to Policyliolder: In I920 Total Payment: to Yoilcyhoidgrj in 1n; Above," in ‘brief, are the results for 1920 as silo i the Financial Statement. Below are_ a few other i during the year. lilac greatly increased busing” ti-n U) the mirth 07 I llglellillltlfiltrrirliggiti lllfligwtiil? m“; - _ . e‘ initiative of all branches of Hg :1!‘- "WJ- Illltl your Directors desire to mnicc expression 0t’ tli tiun of the spleridlil rnvllltv with which they 1' i! lillii n pleasure t fir: my personal nbltz: t" _ ‘ titYIi-Inls. the medical dl I _\v-.ir creait disireal solicitor. the agency and thg P-tilll‘ i’! us iii iill‘ ilc-iith of our very managers, and caoh Individual unit ilviir irli-ii-l iniii ivilleacue. Mr. Alex‘ of the stint‘! In tlm Homo 0mm m4 .\{i-. Bruce had been In the Field for the consideration and for l"‘1ll‘l.\‘ IilXLv-Iour year: nsnoctnt- support they have ;III\ 4|l\\\'|\' at! with this i-nm iii Hill‘ iiiii-siiiicnt I d - "l"! In It: letnl dl- lnzty end which "Si." ti’: iiinsgiliilmgii 0f‘ Whllll! h: wen (or an to you such on excellent record or hoiiorsd heed. end u e the not: out-elicits. i l. Molntoi d dl l . wm-T-‘F-i-iiiiilidiiflhllnf '2‘Z.".{1“L'S.'i"..i.2. "£3.73. Z 2. ln-iiguvefl its service to the public throuzh lpevill ‘"1?’ I ' epwsentutlve: and careful uleotlon of men. 3- W01 Ilntllinttednlxliruo: from the Government Insuran m n s o | , "lung; g liter most iiiéléfiill’ Qlfiiilluifill Asset: uni! Mm: “ 4. Ind: the laflut surplus Earning: In the history of ti" ' PUD? iw rkcrs. (A complete Annuslfltehioent’ will In lulled up" M GROUP INSURANC: Employees of M“; p H Now Insured iii ti" Coiled: Life Dill‘!!! the int year : lam i,“ nre In the very lien cis- or ln- b» of Cflnlmnlu have ncur‘ Qrblln Inlunnc: protection toi- iii Governments now represent 22 "llPlflylll. Toward tli: and oils per cent. of the tots! emetli hi" u" ‘Pollution: for Group 1m In; lieeii lncrenmd by three mll- one: were coming‘ In at u; 1mm ‘In: rats which hid: lair tor n. Mortgage loans. another very lii-Increasing volume for 1H1, Th: Group Pollcyhold um increased h: three Infill"! clIlI-dil Life now llwllidoen o’ dollars. nail represent 33 It" “a Numb“ o! "M. l" cent. nt’ the allete. "ch kpflnfln‘. ma" Leather Making, m, turo lltonutacturlng, Iron and Foundries. Rubbor. 0ll:. Dry Geode, 300i, lhool. IIIG other line: at l; also special Iroupl. luoh u i Employees. Club Employeq, ‘i, Nearly all employer: hlVe vtsohillty of payin; 0R "lei! 51"“ “"4753 i“ Grill-ID l i "mm tram tli: time thl: plan csmstq attention. Many have wolcoiiigs Group plnn n: a much-needed i"! *1" i‘ mm l‘ i‘ ‘mm m" for employee: and their 4pm gradually reducing lhe-lndehled- Th." u.‘ m“), ‘mployefl u“- uesa. and ilie (‘ompany I: el- ‘fl “noun m-unn“ n“ “"5 "my "‘ "-"" "7 ‘wen’ Many other: at: not Insured .. ma; then email payment: wben- m”. do n“ “my "an" m“ ever convenient. 1n the mell- ‘pommmuu w m.“ “w' Th: Group plan present: sii i; I: an easy and convenient WI], “mu-y to m. employ", w m“. I "U" "' "w" F‘"““'Y1‘°Id”” i“ .:ll In the insurable andlusuns .. giinil limlili, iii “IIISIII'O" the _ u W", work" and produce l‘ to be. It also nerves u a mint ilucicd from the flee of the new." > and ‘n greater eta-operation and betlsr certain time, and while the ions. bum, m ‘mplwmenh Incl-Ins. Group Insurance is aiiprscls bring particular: as to this. "mpwym- Puflcularl!’ b?’ 1N5 . and steadier clue of work Is a clan: every employer iv secure and to hold. lion Irow: when deaths occur they no the fund: paid to tits ow: and motherl. or other i clarion, who are generally In need 0t the ready cash. The Group contract or tiis _p:.ny ha: been ilmwn up tot "cry UPflO-dfliil lecture that I: one o!‘ the Jnosltiliberal can lower rates obtainable an) come: quickly available when most appreciated. All ii ere who have placed their Gr lurance with the Canadalilfe the Company I: in a oosltloiito Th: business or proviillii: Imursnc: for employees ti: ti contirlllg until all Industries account: are covered. ment and civic employees In i ‘Reserves for Protection of s OIIIIOIIII mportant accomplish ~ Itwrelled the average Interest to OJIIQ. ll. Plsoed‘ more Insurance with prennt Poltcyholdor: than l" other year Int] lnursuna public trim-out In Monthl B stuns: Innurliic: end Group Poilcielv l"