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 ■9111 
 
 "S'- ■»" 
 
 if 
 
 ._BibIioth^gue, 
 
 S,'-^ 
 
 
 Le S6minaire de Qu6beo, 
 J. rue de l'Universit6 
 
 LIFE ASSURANCE COMPANY 
 
 INVESTIGATION REPORT 
 
 AND 
 
 DIVISION OF PROFITS^. -.£o>^ 
 
 1864 
 
A General Meeting 
 
 (IK TIIK 
 
 Colonial Life Assurance Company 
 
 MAS iiKi.ii WITH IN Tin; 
 
 COMPAXV'S OFFICE, 5 (U'OlKiE STHEI'/r, EDINBl'lM;!!, 
 OX TimiSDAV rUE Voih OF DEt'EMllEU, 
 
 TO ]1!X'K1VK TJll-: 
 
 Eet'OKT by the Board of Directih^s 
 
 (IX THE 
 
 INVESTIGATION OF THE COMPANY'S AFFAIRS 
 
 AND DIVISION OF PROFITS, 
 
 AS AT 2r.TH MAY 1804. 
 
 GEOKOE i\IOIR, Esq., Advocate, Slieriff of Stirlingshire, aiul 
 Professor of Scots liiiw in tlie University of Ediuljui'gli, was called 
 to the Chair, and addressed the following Remarks to the Meeting, 
 as introductory to the reading of the Report : — 
 
 '• " Gextlejiex, — I have been coinieetcd ^>itll this Institution (mul I 
 uiuy now call it a ^reat Institution) from its coninu'iu'i'iiient in 1M40 ; 
 and it gives nie pleasure, as Chairman of the Company, to meet you on the 
 prcsi'Ht occasion, because I have nothing to lay before ymi that i> not 
 most satisfactory. But ju'ccisi-ly for that reason — because we liave little 
 to explain, and nothing which, to my mind, reipiires ex}ilanation bcj'ond 
 what will be atibrdcd by the report about to be read — I mean to say very 
 little to you in the way of preface to that report. 
 
" The Colonial Life Assurance Company was established after a 
 long and diligent inquiry as to the value of life in the Colc.\ief'., and the 
 soundness of the basis has been proved by the results. Great competition 
 has since sprung up by Local Institutions and H(jnie OtRces doing business 
 in the Colonies, following in our footsteps, and, in many ciises, those Offices 
 have availed theinsolves of the results at which we had by our own in- 
 quiries arrived, adopting onr Tables of Hates as their own. But the 
 Colonial has held its ground against all opponents by a gradual and most 
 satisfactory jirogress. Here let me cite the Income and Accumulated Fund 
 at the different periods of Investigation. 
 
 Income. 
 At First Division of Profits 
 
 in 18.') 4 
 At Second Division of Profits 
 
 in 1859 
 At Third Division of Profits 
 
 in 18G4 
 
 s ) 
 \ i58,G73 
 
 £100,904 
 
 £144,824 
 
 3 
 
 7 
 4 
 
 G 
 
 Accumulated Fund. 
 £142,006 17 
 
 £342,354 9 
 
 £555,753 4 
 
 4 
 
 7 
 
 " Again to shew how satisfactory the Company's ]irogress has been in 
 evei-y quarter, it may be mentioned that the business obtained has come 
 from the following places ; — 
 
 £1,983,040 16 9 
 1,256,241"! 4 
 
 Great Britain, including persons going \ 
 
 abroad, or having the prospect of foreign - 
 
 residence ..... ) 
 
 British North America .... 
 
 West Indies ...... 
 
 East Indies ..... 
 
 Ceylon ...... 
 
 Cape of Good Hope and Mauritius . 
 
 Australia and New Zealand (Branches newly opened) 8 4,0! ) 19 
 
 Other places 8,800 
 
 Business of an office transferred to Colonial 117,748 16 
 
 794,189 15 
 
 499,546 16 
 
 279,108 2 
 
 313,100 
 
 £5,335,875 19 10 
 
 " Of course, these accepted Assurances are not now all in force, many 
 having been discharged and cancelled in various ways ; but the account 
 of the quarters from which the Assurances came is given to illustrate the 
 extent of the businet-s, and to shew how well the Company have been 
 received in every ctdony. 
 
1 
 
 THK COLONIAL LIFE ASSURANCE COMPANY. 
 
 " Our olijei't in nuietiny here to-day is iiiitiually to see how fur that 
 prosperity contiiuuis, .'ind whether the result of the inveHtij,'uti()ii of the 
 Company's affairs fo'- the Ust five years is of the same satisfactory character 
 us its predecessors. 
 
 " r uni only ,u<'hig to anticipate, in the broadest and most general way, 
 what you will liud particularly stated, and with the proper details, in the 
 Keport about to be read. But I may say generally we have realized 
 during the hist five years, after making every jiroper deduction (acting 
 on the opininu of our Actuary) j)iulit to the amount of £73,581 : IDs. ; 
 and we ]iurpose, as you will shortly hear, to apjily that sum to the extent 
 of £0:3,022 :;$:!, in giving a Conns of £[ : lOs. per cenl jier annum to 
 the Pulicy-htdders hy way of reversionary addition. All this, huwever, is 
 so fully explained in the Kej»ort, that I will not ]»roceed further, as I do 
 not wish to antic i]>ate the clear statement which it contains of your 
 position and prospects. 
 
 " There is one point, however, to which I beg your attention for a 
 few minutes. We luive l)een urged, from various ipiarters, to reduce our 
 rates in certain places. Now, it is a notable fact, that when I occupied 
 this chair, eighteen ytuirs ago, the Colonial was considt-red rather a doubtful 
 experiment from the reduced rates it proposed U) charge for foreign 
 climates. No doubt these I'ates were low compared with the arbitrary 
 chai'ges made by the Home Assurance OtHces of th(jse days in the case of per- 
 sons going abroad ; but they were founded, as has been proved, on reliable 
 data, and we have stood our ground ; so much so, that our success has 
 given conlideiice to other institutions, and they are now c(nn]ieting with 
 us in every (quarter. 
 
 '• Ihit, Gentlemen, we are not prepared to move further in the reduc- 
 tion of rates without greater experience than we have yet had. You M'ill 
 find iVom the Report that caution is still necessary for the reasons therein 
 explained ; and it is far too serious a matter to enter, without a most 
 anxious in([uiry, into contracts which, (mce eiitere<l into, cannot be 
 altered, and may not practically be closed for half a century to come. 
 
 " The Company's own records of such experiences, however, i.re in- 
 creasing in importance every day. Our ex2)erience also in the selection 
 (jf lives is improving, and every (piimiuennial period will give us more 
 and more confidence in dealing with results. 
 
 " Competition m rates, if entered into between Assurance Companies 
 without the most solid foundation to be relied on, is truly a hazardous 
 ])rocedure. It has not generally ' een the rock on which Life Assurance 
 
4 'IIIK COI.ONIAI. I.II'i: ASSIR.WCK COMPAXV. 
 
 Institutions ill Great Biitain Imvc Ikm.-ii wn-rkccl, a-* tlw^ value of lili- mid 
 of uidiicy i>, on tlu! whole, too well known to allonl any cliancc of success 
 to a iiiin|iany assuring' on insnliicient terms. Bui, dtalinn with lives sub- 
 ieit to iniTeased mortality, the law of which ha< not been entirely ascer- 
 tained, ^reat caution is re(|uisite. 
 
 " It is froni these considerations and on tlieso ]L,'roun(ls that we are 
 not |)re|iared to reduce our rates ; hut you will lind more on this siilgect 
 in the lielKU't. 
 
 "On the wlnde, looking liark to the foundation of the Comiiany and 
 ils |ire~ent position, the care witii which its nianau'enieut has been conducted, 
 anil the wei;^ht which exjierieiice has j^iveu to our Tables of mortality, I 
 think the result of the present Investigation will lie satisfactory to the 
 Policydiolders, to the Proprietors, and all interested. 
 
 "I have to mention with regret the death of a ;;reat man who took a 
 lively interest in this Coinjiany from the first, and who conferred on lis the. 
 favour of actiiin as our (loveiiior ; I refer to the Kail of Elgin. His place has 
 been kindly supplied by the acceptaiire of that ollice by the Karl of Dalkeith." 
 
 W. T. Tuayisos. Ksi^., Aotnary of tlie Coin])aiiy. read the L'l^i'oiiT 
 of the i)ii;i':("roRS, which was as follows: — 
 
 REPORT by the Board of Diiikctok.s of the Colontai- Lifk 
 AssritANX'E Company, to tho adjrairnod Genfjial jMeeting 
 of tin' l'i!i)pi;rEToi;s, ludd uitliiii the Company's Ollice, 
 Kdiiibiirgh, on Thursday tlie i.jth day (d' I)(;ceiuln'i' 18G4, 
 
 TO EE('EI\'E 
 
 The KKI'OKT on the Investication (d' tin.' Comi'anys Affaius 
 and Division of PitdMis, as ut 2;jt]i May 1SG4. 
 
 In reviewing the jiei'lod emln-aced by this I Jo] loit. extending from 
 the 2."3tli May 185U to iMth May 18G4, all interested in the Com- 
 pany hav(i much cause for satisfaction, the success which attended 
 its earlier j^ears having ]>roved. as was auticii)ate(l, a fair indication 
 of the favourable iv.sults which were to follow, and the Directors 
 are hapjiy to have it in their jxiwer to congratulate the jiresent 
 
 ^'itoN.c^ 
 
«F 
 
 'IIII': C()l/)\l.\l. I, IKK ASSUKANCK CoMl'AXV. 
 
 nieetiii.ii;, not only on tlic continiicil siitisfactory (U!Vt'loj)ni('nt of tlm 
 Institution f^M-nt-iiiUy. l)ut tlic •;ic;it sncces.s which hii.s attcnih'il its 
 operations in every (inarter l)oth at lionie and al)roa(l. 
 
 The Assurances eH'ccteil with the ('oni|>any dnrinj; the five 
 years from L'.")th May 18.V.I to 2."itli \ray IHOI, amount to 
 tht! hu;4e snm of . . . £2,ir)n,r)()iS 4 4 
 
 exceediii"^' l>y npNvai'ds (.rjC."»(H),()(»i) ster- 
 ling', tht^ jimonnt of Itiisiness eflected 
 dnrin,i;' the tiv j)recedini;- yeai's. 
 
 The Revenue (hifinn the same period lias 
 increased from £ I <Mi. '.)()! ; 7 : •"> in JS.')i), 
 
 to 
 
 in If^CA. 
 
 wiiir.E 
 
 £144,8 J 4 \ (1 
 
 The Accumulated Fund stands in 1S()4, 
 at ...... . 
 
 as compared with £'.U'2.'^')-l : !i : 4 in 
 
 1859. 
 The Claims Ly death during the (piin- 
 (|uennial period, amounted, including 
 Bonus additions, to . 
 
 C.-).')'),?.")."') \ 7 
 
 £24.5.08 4 10 -' 
 
 The Annual Kejiorts of tlie Dii'ectors have no doulit, l)y their 
 satisfactory character, prei;are(l the ])i'o])i'ietors for these results, 1»ut 
 it is only wIkmi amounts are l)Vouglit togi'ther in the manner now 
 set f'oith, that they shew the magnitude! of the Company's operations. 
 
 The Directors would willingly take the opportunity to go more 
 fully into detail, in order to explain at length many interesting ))ar- 
 ticulars connected with tlu^ Com])any's husiness, l>ut they can on the 
 present occasion do no more than refer to sta " nents now on the 
 table, and which the Actuaiy (U' Secretaiy Avill l>e hap})y to explain 
 at any time to those who take an interest in the working of the 
 business. 
 
 The documents are, — 
 
 A General Statement shewing concisely the progress of the Com- 
 pany since its establishm-'ut in 1846. 
 
THE COLONIAL LIFE ASSURANCE COMPANY. 
 
 A Statpm«»nt slicwinj; the amount of AHsuriiiiccH »'H»'ct<Ml in the 
 (lirt'cnMit ('(tloiiics jind in (Jrcut J>ritain, during tlu' \vliol<! 
 period ('nil>raced })y the Company's operations, also the 
 amount now in force in those j)Iaces. 
 
 Statement sliewing tlici amount of Claims on tlie Company nnd<'r 
 Policies fallen by death, in the ditferent i)laces where the 
 Claims arose. 
 
 There are also other imi><irtant statements on tlm tahli! illustra- 
 tive of the (.'ompany's position, : at it is unnecessary to enumerate 
 them — all ar(( ojien to the inspection of those interested. 
 
 These particulars liave of course a very important hearinj; on the 
 oltject of this meeting, and Jire a very fitting introduction to what is 
 to follow ; Tmt assuming that the general pr(»gress of tiie Coni]»any 
 during the five years has i»roved satisfactory to all, the Directors will 
 at once ftroceed with the K«'poi-t on the Investigation and Division 
 of Profits, as a still mon; interesting subject on the present occasion. 
 
 INVESTIGATION as at 25th May 1864. 
 
 The calculati(»ns necessary to ascertain the Company's financial 
 positicm (which in a Company such as this, having risks in all parts 
 of the world, sul)ject to different laws of mctrtality, are very laborious) 
 have been in ])rogress for u])\vards of twelve months, and liavi; 
 engaged the particular attention )f tlii' Actuary, and of the Secretary, 
 .and their assistants. On tht^ com])letion of these statements, the 
 whole calculations, the m<Mle of })i'oc(Mhire, and the jn-inciples adopted, 
 Avere brought fully bef'oi-e the IJoard, and a committee of their 
 nund)er was a])pointed to liear the explanations of the Actuary in 
 detail. Instiuctions were also given to the same committee to 
 investigate the investments of the Company, and report to the 
 Board as to their soundness. 
 
 This ( "ommittee which was named the " Investigation Cimimittee," 
 and a Sub-Committee of their nundK-i', designed the "Committee on 
 Investments," held various meetings, and reported fully to the Board 
 on the sultjects remitt(!d to them. The Investigation Conmiittee 
 consisted of the following gentlemen : — 
 
w 
 
 TIIK COLCJNIAL l-IIK ASSURANCE COMl'ANV. 
 
 CiFA»U(iK MoiK, KiS(|., Advociitc, Clijiirmnii of the Coiiijuiiiy. 
 
 Jamks IIav, Km(|., iMcrcliiint, L«'itli. 
 
 AlKXANDKU J. JfllSSKIJ-, K.s(|., C.S. 
 
 Chaiu.es 1'kauson, Es((., C'hartcriMl Accoimtjuii. 
 
 And tlic (\tiimiitltM' on Invcstnifiits coiisistcfl of Messrs. Moir and 
 Itussidl, with the u<lditiun of 11. Maxwell Inylus, VjS'\., P.C.S., the 
 Company's Law Agent. 
 
 THE COMMITTEE ON INVESTMENTS 
 
 took as the IJasis of thrir liivt'stij;ati<)u the IJahuK.'e-sheet of tlie 
 Company as at L'r)th May 1801, duly eertiHed, in terms of the Com- 
 pany's Act of I'arhament, hy three Directors, hy tlie Auditoi-, and 
 the Actuary, and eacii corresponding account in the h'dger was siil)- 
 jected to examination. Such accounts as recjuired the knowh'dge of 
 the Actuary to investigate were h'ft in liis hands, but all involving 
 Inv<'stment were thoroughly examined hy the Connnittee, and com- 
 pared with the lionds, Moitgages, and otiier documents. In this 
 way a most com]>lete scrutiny was made, and the (.'ommittee, after 
 completing their labour.s, submitted the following Report : — 
 
 REPORT by Okorce Moir, Advocate, Alexander James 
 liUSSELL, C.S., Directors ; and Harry Maxwell Ixolis, P.C.S., 
 Law Agent of the Colonial I-ife Assurance Company, a Coiu- 
 mittt'e appointed by the Directors of that Company to examine 
 and report on the securities belonging to it, as at 25th May 1SG4. 
 
 The Actuary of the Comjiany laid before the Committee tlu: 
 following di )cuments — 
 
 1. The Bonds. Mortgages, Certificates of Stock, and whole other 
 
 writings and (htcuments, constituting the Securities and In- 
 vestments held l)y the Company. 
 
 2. The lioan liegister, containing an Abstract of the Grounds 
 
 of the Securities ; and, 
 
THE COLONIAL LIFK ASSURANCE COMPANY. 
 
 3. The Company's LtMlger and Balance Sheet as at 25th May 
 18G4, (Uily ctJi'titied in terms of the; Company's Act of 
 Parliament. 
 
 This Dalance-sheet fanned the hasis on which, with the assistant! 
 of Jie Actuary, the Connnittee examined the Securities and Invest- 
 raents of the fund therein stated to the ci'edit of the Company, and 
 hasing done so. they now beg to rejiort — 
 
 That the Bonds and otlier writings and documents fully vouch 
 the sums stated in the Balance-sheet as being at the credit 
 of the Coni]»any. 
 
 That the Funds of the Company are invested in Landeil Property ; 
 Loans on Security of Land both in Scotland and England ; 
 liedeemable Annuities ; Chartered Bank Stock; Loans on first- 
 class personal Security, with Policies of Assurance "n connec- 
 tion therewith ; Loans on P(»licies of the Com})any within 
 their surrender values, and other eligible Securities. 
 
 That the whole of these Livestments a])pear to the Cop^iiiittee 
 to be extremely satisfact(jry, and yield a much higher return 
 than the rate on which the calculations of the Company are 
 basetl ; and. 
 
 That the Bonds, writings, and other documents are kept inmost 
 careful order, and are most conveniently classified. 
 
 (Signed) Geoikje Moir, Chairman. 
 Alex. Jas. PcUSSell. 
 H. jVTaxwell Inolis. 
 
 Ei)i?;i;rr,i;ii, :'A>/h Xtifi'mhir l^^\. 
 
 This Report was accompanied by ex])lanatory notes on the In- 
 vestments of the Company contained in the minutes of the Com- 
 mittee, and tJie Directors have pleasun^ in stating that the whole 
 procedure gave them entire satisfaction, and nuuh confidence in 
 dealing with the results brought out und<'r the moi-e laborious Li- 
 vestigation endjracing the Comj»any's liabilities under the Contracts 
 of Assurance. 
 
THE COLONIAL LIFE ASSURANCE COMPANY. 
 
 THE INVESTIGATION COMMITTEE 
 
 received from the Actuary — 
 
 1. A certified Memorandum of the data on which the Investi- 
 
 gation proceeded. 
 
 2. Tht; vohimes containing the detaik^d calcuhitions, shewing 
 
 each Assurance transaction vahied in detail. 
 
 3. Abstracts of these results. 
 
 4. A statement of the funds as prepared for the Investment 
 
 Committee, and exanuiied hy them with reference to their 
 Rei'ort. 
 
 5. The calculations ccmnected with the Investigation of the 
 
 mortality of the Com])any in detail. 
 G. The results of these calculations, shewing — 
 
 (1.) The mortality (tf the Company during the last five 
 years, from i^-)th May 185!) to ^.Ith May iy()4. 
 
 (2.) The Mortality of the Comi)any during the previous 
 five years, from 25th May ISo-t to 25th JVIay 1859. 
 
 (3.) The Mortality of the Company during the whole 
 period of the Company's existence, from August 184() to 
 25th May 18G4. 
 
 [['Aich of these ;/;«*• fnihrnilfed in a fuhdar form, and shoiced 
 the actual resvlts as comjared with the original ailcidations, 
 irhile other tablta of mortality iccre appended to illustrate 
 fitill farther the rcmlf!< <f the CoiiijHniij\-< ojie rat ions.] 
 
 These Statements were carefully examinetl, and the fullest 
 explanation givru, the Actuaiy being desirous that the Directors 
 slu.uld as far as possilde understand not only the course of the i)ro- 
 codure hut the details also, so tiiat they, aiul through them the 
 Proprietors, might l»e aware of the great care taken to secure perfect 
 accuracy in the work. Proceeding on these Statements then, and 
 having before them every information to enable the Committee to 
 judge of tlu' whole matter, they prepared an Abstract Statement of 
 the Company's Profits during the jteiiod under investigation, and 
 reported it to the lioard. 
 
10 
 
 THE COLONIAL LIFE ASSURANCE COMPANY. 
 
 The Directors would willingly convey to their Co-propric^tors a 
 full knowledge in detail of all the particulars ahove referred to as 
 reported to them hy tlu; Investigation Connnittee, but they are 
 afraid it would exhaust the patience of the meeting. The Actuary, 
 however, will be ha])py to show these stattnnents and documents to 
 any person interested who will do him the favour to call. 
 
 THE PROFITS REALIZED 
 
 during the period from 25th May 1859 to 25th May 1804, ascer- 
 tained in the maimer now ex])lained, amount to the large sum of 
 £73,581 : 19s. sterling, and the following statement will show how 
 this result is derived from the calculations : — 
 
 FUNDS invested, per StatemiMit submitted, after deduction of all 
 
 claims against the Company outstanding 
 
 liabilitip:s. 
 
 1 . With Piotits— 
 
 Values of I\)li(:i(>s, loss rc-assuraiices 
 Pi'(i[)(irti()ii of I'l'cmiuiii in iulvamu! 
 A'aliic of I'oiius <li'rlai'('(l pi\;vioiisly 
 Proportion of special extra Prunaunis 
 
 2. Witliont Pnifits — 
 Values of Policies, 
 
 less Re-assnraiu;es £69,04(5 4 f) 
 
 Proj)orti< n of Pre- 
 mium in advanee 13,244 5 3 
 
 Value of Hoiius on 
 P()li<'ies not now 
 ])artieipatinf,' . 312 8 
 
 Proportion of special 
 Extra Premium 03 2 
 
 jC 143,8.50 17 8 
 
 43,758 ]0 
 
 33,221 10 
 
 324 10 11 
 
 i'221,154 15 3 
 
 82,66.5 17 10 
 
 Forward 
 
 I £303,820 13 1 
 
 £504,094 14 11* 
 
 .^504,094 14 11 
 
 * In comparing this sum with the amount of Funds stated on jvi.i^e 2, it is rij^ht 
 to mention that the sum of £504,694 : 14 : 11 is under deduction of all outstaiid- 
 iii^r claims under Policies fallen hy death, not ])aid at the date of balance ; also 
 under deduction of the value of n;-iussuranees, whicli is included in the lirst-men- 
 tioued sum. 
 
THE COLONIAL LIFE ASSURANCE COMPANY. 
 
 11 
 
 Brought forward, £303,820 13 1 
 3. Other Classes of AssuraucL'S . . 1,807 
 
 4. Annuilieg, Single Lives, Joint Lives, ) 
 
 ami Survivorship . . . ji 
 
 5. Company whose business was trans 
 
 ferred . 
 
 Capital Stoek 
 (luai'antee Fund 
 
 .\ 
 
 30,201 19 3 
 
 If), 407 14 7 
 
 £504,094 14 11 
 
 IIKDI'CT 
 
 £20,000 
 7ti,o(i(t (I 
 
 Remains 
 
 Add sura divided among the Proprietors 
 since 1859, and which it Avas stated 
 Avould be brou'dit into account at this 
 investigation , . , , 
 
 351,237 15 11 
 £153,456 19 
 
 90.000 
 
 £03,450 19 
 
 10,125 
 
 Total Profits of period from 25tii ) r.-o roi m n 
 ^ , , '. £< 3,581 19 
 
 May 1859 to 25t]i May 1804 j ^-_.^.._r__-=z= 
 
 The Directors, in reporting tliis result, trust that all interested 
 will consider it satisfactory. It is r'iglit, however, to exphiin at this 
 stage of the Report, in answer to questions such as the following, 
 which may he fairly asked : What are the reserves for future Profit 
 and expenses 1 and. Are we not assuming Profits Avhich the future 
 should be allowed to devel(»pe 1 — that that ])oint too has had the par- 
 ticular attention of the Directors in the course of the investigation. 
 Tiie following statement will show more particularly from what 
 sources Profits are expected in future to arise : — 
 
 1. From the Company's experience of life being more favourable 
 
 than the mortality rates adopted as the basis of the Com- 
 pany's calculations. 
 
 2. From the additions to the Company's premiums for Profit 
 
 and expenses, not valued in course of the investigation, but 
 
12 
 
 THE COLONIAI- LIFE ASSURANCE COMPANY. 
 
 set aside as an asset belonging to the future, and not to be 
 encroacliedon,aniountingtothelargesumof £18,199 6 10 
 per annum, as at 25th May 1804. 
 
 THUS 
 
 Premiums payable to the Company . 
 
 Premiums valued at Investigation . 
 Annual Sum reserved for future Profit 
 and Ex])enses, and of Avliich no , 
 part has been valued . . . * 
 
 . £112,303 19 8 
 94,104 12 10 
 
 t 
 
 £18,199 f) 10 
 
 3. From the Rate of Interest realised being larger than the liate 
 assumed in the Company's Tables and Valuations. 
 
 There are other smaller sources of Profit, but these are the great 
 sources, and the explanation will no dou]>t be satisfactory as evincing 
 the great care the Directors have taken to leav(i the futuni opjjra- 
 tions of the Coinpany disbunh^ned from any incum1)rance on its 
 prospective gains. 
 
 DIVISION OF PROFITS. 
 
 The Directors projjosc; to divide the above sum of £73,;")S1 : 19s. 
 sterling, in the following proportions, between the Policy-holders and 
 the Shareholders. 
 
 To the Policy-hold.Ts £r)3,022 3 1 
 
 To the Shareholders in sh;»])(! of increased Di- ) ia lor n a 
 
 vidend since last Investigation . . j ' "" 
 
 To the Guarantee Fund .... 1 0,000 
 
 £73,147 3 1 
 
 The sum of £53, 022 : 3 : 1 sterling. n)iporti(med to Policy-holders, 
 wil! give them an Annual Bomis of £1 : lOs. sterling ])er cent foi' 
 each year ?n.ce last Investigation, or for each yeai' the Policy has 
 existed in the case of those which may have been o])ened since ioth 
 May 1859, and the Directors are ha])py to bi; able to contiime this 
 
THE COLONIAL LTFE ASSURANCE COMPANY. 
 
 13 
 
 roto, which was tluit given ;it the last Investigation in 1859. They 
 have on this occasion again given the subject of Division of Profits 
 with reference to the different chiss(!S of risks their most serious 
 attention ; but after r(;viewing it cart^fully and hearing the views of 
 tlie Actuary on the subject, tliey are satisfied tliat the addition of a 
 reversionary sum for each premium jtaid, is as fair a method in the 
 circumstances of tlie case as coukl be adopted. 
 
 The Bonus Additions to Policies are exhil)ited in the following 
 Table :— 
 
 TABLE showing the Bonus Additions to Policies in force at 
 25th May 1804, after the Third Division of Profits. 
 
 Policy opened before 
 
 25tU May 1847 
 „ 1848 
 1849 
 „ 1850 
 „ 1851 
 „ 1852 
 1853 
 1854 
 1855 
 1856 
 1857 
 1858 
 „ 1859 
 „ 1860 
 „ 1861 
 „ 1862 
 „ 1863 
 „ 1864 
 
 
 Orifriniil 
 
 Siiins 
 Asaiuvd. 
 
 .£1000 
 1000 
 1000 
 1000 
 1000 
 1000 
 1000 
 1000 
 1000 
 1000 
 1000 
 l(tOO 
 1000 
 1000 
 1000 
 1000 
 1000 
 1000 
 
 
 JJONUS. 
 
 
 Total 
 
 Bonus 
 
 Additions. 
 
 £310 
 
 8 Years 
 
 IKJIito 
 
 18:,4. 
 
 £160 
 
 ■') Years 
 
 isr)+ to 
 
 l.s:.9. 
 
 5 Veais 
 
 Iboit to 
 
 18(54. 
 
 £75 
 
 £75 
 
 140 
 
 75 
 
 75 
 
 290 
 
 120 
 
 75 
 
 75 
 
 270 
 
 100 
 
 75 
 
 75 
 
 250 
 
 80 
 
 75 
 
 75 
 
 230 
 
 60 
 
 75 
 
 75 
 
 210 
 
 40 
 
 75 
 
 75 
 
 190 
 
 20 
 
 75 
 
 75 
 
 170 
 
 • • • 
 
 75 
 
 75 
 
 150 
 
 • • • 
 
 60 
 
 75 
 
 135 
 
 I • • • 
 
 45 
 
 75 
 
 120 
 
 • • • 
 
 30 
 
 75 
 
 105 
 
 ■ • • 
 
 15 
 
 75 
 
 90 
 
 • • • 
 
 • « • 
 
 75 
 
 75 
 
 • • • 
 
 t • ■ 
 
 60 
 
 60 
 
 • 1 1 
 
 . . . 
 
 45 
 
 45 
 
 • • • 
 
 • • • 
 
 30 
 
 30 
 
 • • ■ 
 
 • • • 
 
 15 
 
 15 
 
 Sum 
 
 Assured 
 
 and 
 
 Bonus 
 
 Additions. 
 
 £ 
 
 1310 
 1290 
 1270 
 1250 
 1230 
 1210 
 1190 
 1170 
 1150 
 1135 
 1120 
 1105 
 1090 
 1075 
 1060 
 1045 
 1030 
 1015 
 
 'J'his Table exhibits the additions now made, as well as those made 
 at the previous Divisions in 1854 and 1859, and the Directors pro- 
 pose to allow the Policy-holders, in the same manner as formerly, to 
 surrender these additions ft>r a present pajinent, or to apply them in 
 reduction of Premium, during the five years ending 25th May 18G9. 
 
14 
 
 THE COLONIAL LIFE ASSURANCE COMPANY. 
 
 Boforo conoluding, the Directors think it necessary to ask your 
 particular attention to the Statements referred to in a previous pai't 
 of this Keport, rehitin^ to the INIortality of th(! Company, as bewaring 
 more particuhirly on the Rates ciiarged for Assurance. 
 
 The Directors have been frequently urged to reduce their Iiat(\s 
 for various clinuites, and they have, as tlu'y were bound to do, given 
 these appeals their most serious consideration ; but after weighing 
 well the arguments brought forward, and studying with nuich care 
 the results of theii- own INlovtality, they have come to tht; conclusion 
 that they have not sufficient data to authorise their making the pro- 
 posed reduction. 
 
 There is no doubt that other Offices are transacting business at 
 lower Premiums, in many phices, and prove formidable rivals to the 
 Company ; but that is not an argument, taken by itself, which has any 
 influence with your Directors, as thev are satisfied that the Colonial 
 Rates, as far as jH-esent reliable knowledge extends, are fair and 
 etpiitable. But jus soon, as they are satisfied, by the result of 
 sound observation, that these Rates are unduly in excess, they will 
 promptly give the Assured the l)enefit. Small Institutions, making 
 large rates of Interest on comparatively small sums, locally invested, 
 and rt^stricting their operations to a narrow circle, may transact 
 business on lower Rates, trusting to the fortunate continuance of 
 such results during the lives of the Assured, ])ut Avith th<'se Institu- 
 tions the Directors do not place themselves in competition. They 
 have their local advantages, and may be preferred by those more 
 especially who can take })ai"t in their management and watch over 
 their local proceedings. But in the cas(? of any one who looks for- 
 ward with prudent anxiety to the future, long deferred as the 
 lifetime of an individual may l)e, the Cohjnial seek a preference as 
 standing on a wider basis, their chai'acter and ])osition being as well 
 known and I'ecognised in every British Colony as in Edinburgh, 
 London, or Dublin. 
 
 In coming to the, resolution not to reduce Rates, the Directors 
 have proceed(Ml on the advice of their Actuary, and the Investigation 
 into the Ccnnpany's Mortality has been the basis of that resolution. 
 It would l)e premature to publish these cunous and instructive re- 
 sults, as the Directors are anxious to add to their experience before 
 
THE COLONIAL I-TFK ASSURANCE COMPANY 
 
 15 
 
 giving them to the world ; but it may he stated that the pro- 
 portion whicli the actual nundx-r of J)('aths hore to the expected 
 number had increased very consicU'rably (hiring the p(!riod oi" tive 
 years from 1859 to 1804, l)eyond that exhibited during the period 
 of thirteen years fronr 184G to 1859 in (Jreat Britain, in Anu'rica, 
 in th«! East Indies (civil life), in Ceylon, and in the AVest Indies — 
 sinewing that the Moitality increases relatively in a greater degree as 
 a Company advances in age, — that is to say, the Mortality among 
 lives which have been connected with the Company f(»r ten, fifteen, or 
 twenty years, will be increasingly greater than am(»ng lives of the same 
 age in the hrst five years of their connection with the Company ; or 
 otherwise, that the Mortality among a certain imnd)er of persons of the 
 same age, in the second, third, <»r fourth periods of five years respec- 
 tively, after joinirig the Institution, will have gradually increased, 
 ali'ording less favourable results as wt; recede from the period at 
 which the lives were accepteil. 
 
 It is on thes(; grounds tiiat the Directors have declined to reduce 
 their Rates. These Kates were originally adopted after much study 
 and nuicli incjuiry. No Institution has had access to better sources 
 of information than the Colonial, and the Directors have determined 
 not to run any hazard foi' the purpose of popularity or to swell tlieir 
 amount of business. 
 
 These are the results of the Investigation, and the Directors 
 hope they may now return to the chord first struck as tlu; key-note 
 of their Report, and rei)eat their congratulations on the success which 
 has attended the Company's operations during the last five years, jis 
 well as during the whole period of the Company's existence. 
 
 By Ohder of the DiuECTons, 
 
 WILL. THOS. THOMSON, Actmr>/. 
 
 pjiJiNBUiion, 15</i December 1804. 
 
 Laurence Robertson, Esq., Cashier of the Royal Bank of Scot- 
 land, moved the approval of the Report, which he considered in the 
 highest degree satisfactory. 
 
 William Moncreiff, Esq., C.A., seconded the motion, which 
 was unanimously carried. 
 
16 
 
 THE COLONIAL LIFE ASSURANCE COMPANY. 
 
 Tlie Chairman tlien t-alhul for tho report of tlio Mediciil Officer 
 of the Compjiny, Dr. Cliristison. 
 
 Dr. CtmiSTlsox suid — " My princii)!il ilitRculty lias bi'en, that I 
 foiuid the subject bmiiclied out a ^ri-at dcuil iikh'o tlian I liad anticipated, 
 ami, in conseipience, I have not had time, to luing forward my report with 
 all tho cleainess which is desirable, and vhich, I hope, it would have 
 attained had time pciinitted. The learned Professor then read lii.s report, 
 of which the following is an abstract : — 
 
 REPORT BY DR. CHRISTISON. 
 
 " The Colonial Assuuance Company has been long enough in exist- 
 ence, and its business suHiciently extensive in various parts of the world, 
 to supply, from an investigation of the deaths which have taken place 
 among the Assured, some useful information as to the causes of death in 
 various climates, and their bearing on the principles and practice of Assur- 
 ance. The medical statistics of the Comjiany have tlierefore been inquired 
 into, and with the following results, — 
 
 "The deaths down to tin; most recent date have been o78. Of these 
 230 have occurred in temperate countries, and 348 in hot climates. 
 
 "The only Colonies belonging to the temperate class in which the 
 deaths have bin-n niunerous enough to yield trustworthy results are those 
 of British North America. The number is 1(58. The several causes of 
 death in general bear the same ratio to the general mortality as in liDine 
 risks, as deduced from the large expeiience of the Standard Assurance 
 Company given in their published reports. Tlie main dilferences are, tliat 
 inflammatory diseases of the lungs and violent ileatli are nearly twice as 
 frecprently the causes of mortality in the British possessions of North 
 America as at home, and puluKjnary consumi)tion also somewhat more 
 frequent, biit dysentt'ry rather less so. 
 
 " In hot climates at large, those diseases which are usually held to be 
 produced, or at least promoted, by climatic exposure, fevers, liver dis- 
 ease, cholera, and dysentery, account for 458 deaths in every thousand 
 of the total mortality — in temperate climates for only 195, or less than 
 one-half the proportion in hot countries, di the other hand, inflamma- 
 tory diseases of the lungs account in hot countries for only a third of the 
 proportion of deaths which they occasinn hi tenqierate lands, viz., 31 in 
 1000, in place of 99 ; and pulmonary consunrption and malignant diseases 
 are similarly circumstanced, t'le proj)ortions being 99 and 262 in 1000 
 
 • 1 
 
 I. ■ »« 
 
THE COLONIAL LIKI', ASSUUANCK COMPANY. 
 
 17 
 
 * y 
 
 ■■■■»' 
 
 aj^'ainsl; liot cliiuak'.s. It id worlliy of rciniuk, that lu-ail lUseases do not 
 u]»])t'af to bo JMiii't! rreciUL'iit causi-s ot" death in hot countiios. 
 
 " Thesu rati(w, liowL'Vor, dill'ur in dillc'riMit hot climatca. The; most 
 ri'inat'kablc! diiFurences orciir in coiiiitariii;^' India witli the West Indies. 
 In thu West Indies there liave been ION dcatlis, in the East Indies 97. 
 The relative dill'erences will best appear tioin tlie following table, v.m- 
 bracing the eight main classes of disease. 
 
 In 1000 Total Deaths. 
 
 In West Indies. In Eiist Indies. 
 
 250 
 
 175 
 
 210 
 
 10:3 
 
 5.3 
 
 
 
 77 
 
 32 
 
 107 
 
 195 
 
 54 
 
 185 
 
 66 
 
 41 
 
 35 
 
 160 
 
 Fevers .... 
 Head diseases . 
 TnHii'^.iniation of the lungs , 
 Diseases of the circulation . 
 Diseases of the liver . 
 Dysentery 
 Consumption 
 Violent death . 
 
 " The peculiarities among East Indian risks are brought out even more 
 strongly when the attention is coiitined to military life. Diseases of the 
 head are, among Indian olhcers, only one-half the jjroportion observed in 
 the West Indies. Consumiition is very rare, there having been only one 
 death from this cause among fifty deceased officers. Intlammations of the 
 lungs do not a2)])ear at all in their list. But tiie four great causes of 
 tropical mortality — fever, cholera, dysentery, and liver disease — account for 
 640 deaths in 1000 ; and violent death, partly referrible to the mutiny, 
 accounts for no less than 195. 
 
 " These dill'erences may be owing in jiart to the European lives in 
 India being select, and partly to climatic causes destroying in early life those 
 who might otherwise have been left io die of jtulmonary disease, both acute 
 and chronic. It remains to be seen, from a more niinnte examination of 
 the data in possession of the Company, what share in the diiferences in- 
 dicated may be owing to either of these, or to other causes ; and whether 
 there are any points at the period of projjosing Assurance which may 
 sui)ply a guide to the Company to the specialties of extra risk thus 
 indicated." 
 
 In conclixsion Dr. Christison stated that in his fuller report on the 
 
'■ 
 
 18 
 
 THE COLONIAL LIKE ASSURANCE COMPANY. 
 
 Coinpaiiy's innrtiility, now in ]ir('piiration, he would illuatrivtu more I'lilly 
 the points to wliiili lin liiul alluduil. 
 
 Dr. Andukw Wood moved a vote of thanks to Dr. Chiistison, and 
 the other medical oHicers ol' the Company. " It la ([uit(! evident (he said) 
 tliat no system of Life Li>iuanee can he carried on witli any tle;^'ict! of 
 safity or success, unh'ss it is hased on careful and skilfid medical appli- 
 ances. And if this he the case with rej^ard to Insurance OHices in ^'eneral, 
 it is quite evident that it must he douhly so in tlu^ case of an Oilict? like 
 this, which has to deal with risks in every part of the }j;lohe, in dill'erent 
 climates, ami under dillerent circumstances. Indeed, I must say, it seems 
 to me a matter of extreme <'()njj;ratulatioii that this Com])any should have 
 reached this period of its existence sr) safely and successfully, and I am 
 sure that the results laid hefore you to-day, coujded with the excellent 
 report of our Medical Oiiicer, will insjiin; you with increased confidence in 
 the future. The staff of jNIedical Utlicers attached to our Otlice must l)e 
 very large indeed. The, Inisiness extends to every British colony, and in 
 every proposal for Assurance an investigation of the strictest kind is made 
 hy our Medical OtHcers into those circumstances which it is necessary for 
 us to know, in order to keep us safe. But we have u douhle secuiity in 
 this res])ect, for not only do we recpure every case to he investigated hy 
 the local Medical Othcers, but we require the reports of every cas(>, and 
 all the papers connected with them to he leferred, as to a court of ap2)eal, 
 to Professor Christison our chief Medical OHicer ; and vou mav easilv sup- 
 ])ose that this duty devolves on Pi'ofessor Christison a large anioinit of 
 labour, while I have no doubt he also feels it invcdves a large amount of 
 responsibility. I think it is a great matter for an Oliice such as this to have 
 in a situation of so much trust, and recjuiring so much ability, one who has 
 a European reputation like Professor Christison ; and I have great pleasuie 
 in moving a vote of thanks to him, and the other Medical Otlicers of the 
 Company." (Ai»plause.) 
 
 Henrt Davidson', Es(|., Merchant, Leith, said — " I have great ])leasure 
 in moving a vote of thanks to the Local Boards of the Comjjany at home 
 and abroad. I need not say here, that to the exertions of our agents much of 
 the business of the Company is owing, and on the right judgment and discre- 
 tion of these Local Boards must the prosperity of the Company ver\'- much 
 depend. I have great pleasure in being able to testify to the high sense 
 entertained at the head office of the manner in which these boards have 
 
 I 
 
THE COLONIAl. MIK ASSURANCE COMTANY. 
 
 10 
 
 <lis(;hiii'm'il tlicir oiutous dulu'.-t. I rt'i,M'i't tliiit iimivui(lal>ln t'n)^'aj,'i'mi'iits 
 liavd i»i'evcnti'(l many of the j^'cntliinrn wlio roiiHtitutt' theses boiinls liciiij^' 
 with us t,(i-iliiy. l)iit \vc liivvc! smiit! of llicsii j^taitlciiu'ii picsi'iit, mid I 
 would tiiki; the lilicrty of iinipliii;/ witli tliis niotiou thu niuiu'.s of tlic lloii. 
 St. .lohn JiiilliT luid Mr. (!. (Inuil.y liurkc." (Apiilauso.) 
 
 Till' Hon. St. John licTi.r.u iv[ilird and ?aid — " I W<^ to icttiiii my 
 most licaitftdt thanks for the fl(i([Mcnt nianiu r in wliidi tlu' services of the 
 Local I'oardrt liavi; been spoken of, and for tlie liandsonie manner in which 
 this uioiiou has heou received. It is a compliment which I coid'ess I 
 was unjirepared for. I shall say little in acknowleilcrinent, hut 1 may he 
 permitted to express, on the jiart of Mr. I'nrko and uivself, the j.;reat ;,'iati- 
 licatiun we have felt at the very favourahle reports of the Company's jiro- 
 c(!edings which we hav(! this day received from the Chairman, fiom the 
 Actuary, and 'Vom the ^tedical OtHcer." 
 
 Jamks HoziKn, Esq., of Mauldslic Castle, sai<l — '' After the very satisfac- 
 tory report we have heard to-day, it gives uio great pleasure to jiropose a vote 
 of thanks to ]\lr. W T. 'i'homson, our Actuary, and to Mr. D. C. (iregor. 
 Secretary of the C(im]iany, a motion which I am sure will l)e received with 
 great cordiality." (Applause.) 
 
 A. J. Russell, Esq., C.S., proposed <i voto of thanks to the local 
 secretaries of the Company, mentioning particularly, with much commenda- 
 tion, Mr. Sauuud U. Feigir-son, iJesideiit Secretary in London, and ^Ir. 
 Alexander Sutherland, Eesideut Secretajy in Duhlin. 
 
 W. J. DuNX'AN, Esq., Manager of the National Bank of ScoMand, said — 
 " I beg leave to move a vote of thanks to Mr. Kamsay the Manager for 
 Canada, and to tin; agents of tin; Conqjany at home and abroad, if ^Ir. 
 Kamsay were not present, and were uot, in fact, a child of our own — so that 
 we seem to jiraise ourselves in ])raising him — I unght .say much in his 
 favour ; but the statement we have heard in regard to the Canada business 
 is jierhaps the best testimony that could be given to his unwearied zeal 
 and energy in promoting the. interests of the Company in that extensive 
 Held. With regard to the ageuts of the Conq)any gtmerally, I may say 
 that their care and ouergy in promoting the business of the CVunpany has 
 been very marked. I say not oidy their energy but their care, because you 
 are well aware that tliere may be great zeal to promote the interests of the 
 
20 
 
 THE C'OI.ONIAL LIFE ASSURANCE COMPANY, 
 
 C'(iinj)iiny, wilhont tlu' dt-greii of jiriuU'iice necesHury U) tciiijicr that zoiil. 
 'I'liiit zeal and care would be very creditiddi' to the uf^'cntH ol' the Company 
 at lioiiu' ; liiit it is (h)ul)ly so in the case of nj,'('nts ho remote aH ours are 
 from the liead-fiiiarters of the ('onipiiny — liaviiij,', in many cases, to act on 
 their own Jiidi^'ment — having', in many eases, new ;^'ronnd to break nj) — and 
 having' often a (h';,'ree of comjietilioii to contend with, accompanied with 
 many phmsibilities that render it extremely dillicult to make way aj^'ainst it. 
 I have often, in sitlinj,' ut this Board, been very much ]»leaHed with the 
 l^'reat rej,'ularity and care with which the business of the branches has 
 been niaiia^'cd ; and I am sure I an) only expiessin;,' the feelin<,'s of my 
 colleaj,'ues when 1 ask you, in their name and my own, to render them a 
 vote of very cordial and sincere thanka." (Ajiplause.) 
 
 C. GiiANRY BimKK, Esq., paid—" I have been honoured with a r'nuest 
 to move a V(>t(! of thanks to the chairman for his kind conduct in the chair. 
 In some societies a vote of this sort would be a mere formality. On this 
 occasion I do nut thiidi any o!u; will re;;ard it as merely formal, esi)et;ially 
 after what W(^ have heaid from his own lips, that ei^diteeii years a<,'o, when 
 the Comiiany was in its earliest infancy, he fdled that chair, which he 
 now continues to fill with such kindness, credit, and dij^'iiity. Under 
 these circumstances, I feel that I am not takinj,' too '^rciii a liberty in saying 
 that this is not a merely formal vote we are called upon to tender. 
 (Applause.) I am not entirely Mithout hojie that I may see another 
 niii'tinjf of this Society in this hospitable city, and I have reason to think 
 We shall be able to show you a better bill at the end of five years than we. 
 can show to-day ; and f(»r myself— from what I have heard and learned, 
 for I have bad a j,aeat deal to learn, and short time to learn it in — I fc(d 
 1 .'^hall be inclined to take a <leeper and more active interest than 1 was 
 able in my less informed condition to do." 
 
 The Met^ting tiicn .so])arated. 
 
 By Oeder of the Directors, 
 
 WILL. TJIOS. THOMSON, Achiari/. 
 1). CLUNIE GRE(iOR, Secretary. 
 
 EDiNiiruoH, .') r.EORor. Stkket, 
 ntk December 1864. 
 
APPENDIX. 
 
22 
 
 THE COLONIAL LIFE ASSURANCE COMPANY, 
 
 APPENDIX. 
 
 1. —STATEMENT of the Assets of the, Colonl\l Life Assurance 
 Company, as at iioth May 18G4. 
 
 DondsiAIortgages. and Heal Property in Great Britain £302.1 99 4 
 (Jovernment Securities and other Stocks . . 29,374 15 1 
 
 Annuities Purchased . . . . 7112 2 
 
 Peversions Purchased ..... ().r>'20 13 4 
 
 Annuu' Pents Purchased .... 22.888 15 4 
 
 Amounts at the Company's Credit in the Poyal 
 
 Bank, Edinburgh ; London and County Ijank, 
 
 Eondon ; Poyal Bank of Ireland, Dul)lin, and 
 
 Bank of Montreal, Montreal 
 In\cstnieiits Abroad ..... 
 
 Balances in the hands of Agents 
 Premiums outstantling at date of balance 
 Intei'cst receivable, etc., outstanding at date of 
 
 Italancc ....... 
 
 Property of the Company in Edinburgh. Fiondon. 
 
 Dublin, and Montreal, and Misccliant'ous 
 
 I'alances ...... 
 
 Stamps on hand ...... 
 
 Reserved Fund ...... 
 
 Deduct Claims under Policies Emerged, ~| 
 outstandinir at 25th Mav 18G4 j 
 
 10.153 19 2 
 
 44.!t84 9 3 
 
 35.101 2 G 
 
 33,051 19 2 
 
 4.95: 
 
 G (1 
 
 40,700 18 3 
 
 141 7 3 
 
 8,G17 2 7 
 
 £539,458 10 11 
 
 34,703 IG 
 
 £5(U,G94 14 11 
 
•n 
 U 
 
 < 
 
 <-, 
 O 
 
 H 
 O 
 
 3 
 
 V'. 
 
 
 o 
 
 
 tJ 
 
 
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ESTABLISHMENT OF THE COMPANY. 
 
 GOVE UXOR. 
 THE EIGHT HON. THE EARL OF DALKEITH 
 
 ih:ai) office. 
 5 GEORGE STREET, EDINBURGH. 
 
 Board of Directors. 
 
 GEORCJE MOni, Esq., Advocate, SluTill' of Stiiliiis.sliire, Proft'.ssor of Scots 
 Law in the University of Edinlmrgh, (J/i(iirmnn. 
 AT.RX. ,TAS, RU^SKLL, Ks(|.. C.S. i I'nitV.ssor J. Y. SI.Ml'.SOX, M.D. 
 
 W.M. .IAS. DUNCAN', Ks(|., .Manager of the ' CllAIU.KS TIOARSON, Ksq , C. A. 
 
 Natidiml liank iifScdUaiKl, 1 ANDKICW WOOD, Rs(|., M.I). 
 
 WM. S. WALKER, Ksq, of Uowlaiul. JAMES HAY, K.s<|., Mcirhant, Lcilli. 
 
 T. MKNZIi;.-^, i:s(i., Mnch.mt, IamIIi. i ROBERT HUNTER, Esq., M,inii-,'ir, Ediii- 
 
 .JA,\n;s DUNl'A.V, E.s(i., Muvehiiiit, Lfil!i. bur-li Hraiieli, Agni iiiid Mii.steriiuui's Rank 
 
 HENRY DAVIDSON, Esq., MeRluuiL ; (Limited). 
 
 Jctuury. Srcrrt((rii. Medical Adriser. 
 
 WILL. 'niOi. THOMSON. D. CLUNH': GREGOR. rROFKSSOR CHRISTISON. 
 
 Auditdr. Solicitor. 
 
 CHARLES PEARSON. H. ^LVXWELL INGLIS, I'.C.S. 
 
 Jhtidccm — THE ROYAI- liANIv (;E SCOTLAND. 
 
 LONDUX, 3 Tall JNLvll, East, S.W. ; and U) St. James' 
 
 Street, S.W. 
 
 Board of Directors, 
 Col.oNKL .lAMES HOLLAND (late Quarter- ROHERT M'KERRELL, E.s(i,, 45 Inverness 
 
 master-General, Boniliay), '_'-l I'rineesSquari', 
 
 Hy<le Park, \V. 
 J. R. THOMSON, Esq., of ,J. R. Tli.im- 
 
 Min it Co., St. Peter's Clianiliers, Corn- 
 
 lilll. 
 STEPHEN WALCOTT, Es,i., 17 Lansduwne 
 
 Cre.'ieent, KeHsih;,'ton Park. 
 
 llcsidcnt Sccrctarii. 
 SAMUEL R. FKRGUSSON. 
 
 Terrace, Hay.swater, W. 
 P. P. IJLYTH, E.sq., a;i Wimpole Street, C.'i- 
 
 vemlisli S(^nare, lJireet(jr of the Li'ndcn and 
 
 C'ounty liank. 
 J. ELEMIN(;, Es(i., of Messrs. Robinson ,t 
 
 Eleniing, of Anstin Friars, Direetur of the 
 
 I,ondon and duinly Jiank. 
 
 Medieal Adcixer. 
 Du. HENRY OLDHAM. 
 
 iSolicilora—Mi^^sus. J. E. <fe A. FOX.— Mr:ssus. MINET & SMITIL 
 i)'ftH/i:t:rA'— LONDON AND COUNTY RANK. 
 
THE COI-ONTAL LIFK ASSURAXCK C(^Mr'A.\Y. 2') I 
 
 DUBLIN, GO Uri'Eii SACKViLhE SritKi-rr. 
 
 Bixit'd uj Dii'ictors. 
 
 Sir EDWARD lioRordlf, Hart., rhalrw,^. 
 Tlic ihm. ST. JOHN nUTlJ',1}, ,.f WaUlus WILLIAM ANDREWS, Esq., 4 Na.s.siU 
 
 ttiwn, 15;illiri',';.'iui. Street. 
 
 ROBERT LONGFIELD, Esq., M.P.,.;;!.Mer- , C. (i. liUUKE, Es,,., M.islrr of tl,,. c,,,,,,,,,,,, 
 
 linn Square, Smith. ] pu.as, St. I'liiliiis, Miltowii, IJubliii, 
 
 J'csi'fr/ff Scrniii rif, 
 AEEXAXDEH SUTllEHLAXD. 
 MnVnil Jilnscr. S'fj/irt/nr.s. 
 
 Dk. T. G. GEOOIIEGAX. SAM lee F. AUAIU A: to 
 
 J!('ii/:rrs, 
 THE ROYAL 15AXK OF IRELAXD. 
 
 GLASGOW, 58 St. Yixcent Street. 
 
 Ptixdul (if Dt/'ccfors. 
 
 MUXGO CAMPUKLL ..liiiiior, Esq., Mer- A. .J.VMIESOX, E.sq., .if .Mt>srs. Pati^rsnn, 
 
 '■''!"''■ .r,-lll]iesoii, ,V; Co., Merrliiilits. 
 
 \y. S. LORRArX, Esi], nf Messrs. W. S. XKIL HoIiSOX, Es(|., C'.E. 
 
 Lonaiii & Adam, Mereliaiit.s. TATRICK I'LAYFAIR, Esq., Mereliant. 
 
 JAMES CLARK, Es(i. of Cn.ssbasket. j JAMES ROBERTOX, Esq., ,,f Mcssis 
 
 GEORGE ALSTOX, Es(i., Mereliaut. I TowursClaik, Rol.ertoii, & Ross, Writers. 
 
 MiiHrnl Adviser, 
 Dr. a. D. AXUERSOX 
 
 Srrrrlii rii s in tlo' GJdfiijdV Ikiiiril. 
 L & H. r(. RoliEI{TS(iX. 
 
BRITISH NORTH AMERICA. 
 
 Jjoo'ds of Management. 
 
 CANADA, Head Offkt., Montreal. 
 1!) Great St. James Street. 
 
 The Hon. JUSTICE M'COUD, ono of II.M.'s .Iiidsos of tlie Superior Court of Lower Canada, 
 
 Chni nnnn. 
 
 BEXJAMIN n. LEMOINE, Esq., | HENRY STARNES, Esq., M.P.P. 
 
 Cashier of "La liaiiqiie du I'euple." , A. SIMI'SON, Esq. 
 
 R. S. TVLEE, Esq., Mereliant. 
 
 Medical Adviser. Manarfrr. 
 
 GEORGE AV. CAMPBELL, M.D. WILLLXM MILLER RAMSAY. 
 
 Inspector o/.lfl-oicfe;).— RICHARD RULL. 
 
 Agents in the Principnl Toiciis of Canadct. 
 
 NEW BRUNSWICK, Head Office, St. John. 
 
 Tlio lion. .TOIIX ROi?ERTSOX, Mereliant. i WILLLKM II. STREET, Esq., Merchant. 
 CHARLES WARD, E,sq., Mercli.int. ! Jt»IIN WISIIART, Esq., Merchant. 
 
 JOHN DUXCAX, Esq., Mereliant. 
 
 Medical Adviser. Agent. 
 
 WILLIAM BAYARD, M.D. DUXCAX l{()BERTSOX. 
 
 Agents in llic Prineipul Towns of New Brunswick. 
 
 NOVA SCOTIA, Head Office, Halifax. 
 
 The Hon. M. B. A LMOX, Banker. i The Hon. ALEX. KEITH, Mi'ieliant. 
 
 CHARLES TWIXIXG, Es(i., Bani.ster. | J. ,J. SAWVER, Escj., High Sherillof Halifax. 
 
 Ma lienl Adv isi • i -s. 
 
 Dr. DANIEL M'XEIL PARKER; Dr. LEWIS JOHXSTOX. 
 
 ylj/ciif.— MATTHEW H. RICHKY. 
 
 Agents in the Principal Towns vf Nova Scotia, 
 
 NEWFOUNDLAND, He.vd Office, St. John's. 
 
 LAWREXCE O'BRIEX, Esq., Meivhnnt. | W.M. IH^XRY .MARE, Esq. 
 
 AUGUSTUS \V. HARVEY, Esij., Merchant. 
 
 Medical Adviser. Agent. 
 
 IIEXRY HUXT STABB, M.D. FREDERICK J. WYATT. 
 
THE COLONIAL LIFE ASSURANCE COMPANY. 
 
 27 
 
 WEST INDIES. 
 
 DKMKKAKA. 
 
 Till' Honounihlfi WIUJAM WALI\.KI{, Gov.Tiiincnt Secrcttiry, Chairman. 
 ROBERT ALLKN, Esq., Meicliaut. | CIlRISTOI>iIER BAGOT, Esq., CoiiiptroUer 
 
 R. W. I.MI.ACFf, Esi| , Art(inicy-iit Lmw. I (if Ciistdins. 
 
 ADOLPHUfS W.M. I'KUOT, K.sq., .Mcirliiitit. j T\'I1JJ.\M KKLSO MARTIN, Esq., Maiiagi'V 
 Sir WILLI A. M HKNHV lIoLMKS, I'lovost- | (if thr ((iloiiial Hiiiik. 
 
 Mai'slial of Rriii.sli Guiana. 
 
 Dkmeuaua. 
 l)v. K. A. MANCiKT. 
 Dr, U. G. UALTON. 
 
 Df.mf.rar.*. 
 W. H. CAMi'UELL, 
 
 I GEORGE L. DAVSUX, Esq. 
 
 BEnBIfE. 
 
 Dr. J. S. irA(JIvETT, 
 Dr. S. CRAMER, 
 
 Aiynts. 
 
 Br;nni('E. 
 CHARLES SUERLOOK. 
 
 JAMAICA. 
 
 COLIX OAMPIiELL, Esq., Mcicliant, Clicurmnn. 
 Capt. WM. SALMON' COOPER, R.N., At'ciit, | WILLIAM BARCLAY, Esq., Mircliaiit. 
 
 R.M.S.P. Co., and Ilarbdur Master, | PETER A. ESPEUT, Es-i. 
 
 JAMES 11. M'DOWELL, Esii., Miivhaut, [ The Rev. DCNCAN II. CAMPBELL, 
 
 THEODORE GORDON, Es(|., Manager nC tliu Culunial Bank. 
 
 ^]fi'ih'i'iil ^Iflrisi'fs. 
 Dr. LEWIS Q. BOWERBANK; Dr. CHARLES CAMPBELL. 
 
 J'jnif. 
 ■ U. .1. KEMBLE. 
 
 AXTIGUA. 
 
 The Hon. Sir WILfilAM HYAM, Pivsi.lciit (if H.M. C.mni'il, Cluurmnn. 
 The Hull. THOMAS NICHOLSON', M.I)., MnulK r nl' II, M. Cimiicil, J'icc-Clinirmnn. 
 
 Tlic Hull, OLIVER NUGENT, .^j.cakrr <if flu- 
 
 Hull. Hcnisc iif .\sstiiilily. 
 Till' 11(111. .lOIlX (iRAY, Puisne ,]iiil-('. 
 The llnii. CHARLES M. ELItRIDGE, Mei- 
 
 cliaut, ami Meinbcr of Asseiiilily. 
 
 Mfdlcdl ^iilrisi'r. 
 Dr. ADAM NICHOLSON. 
 
 GATEWAlil) CoLEHIlMiE DAVIS, Esi]., 
 B,-iirisler ai-La\v, ami Jleiiiber (jf Asseiu- 
 lily, 
 
 Tllo,M.\S D. EOOTE, Esq., Planter, ami 
 Slemlier iil' A.sscliiliiy. 
 
 Jijfilt. 
 DAVID BROWNE. 
 
US 
 
 THK CfvLOMAL LIFK ASSLRANCK COMI'AW. 
 
 WEST INDIK.S— r,,„///,/,r//. 
 
 TRINIDxVD. 
 
 Tlic Hon. CriAHLKS W. WARXFOll, Attur- 
 
 )icy (ii'iiiTiil. 
 JAMES l>IU(iGS, Ks<i., Snlicitor-at-Law. 
 
 Dr. THOMAS MURRAY. 
 
 FRKDKRICK WARXRR, Es.i, 
 AI.K.X. CAMI'liKI.L, Rs.,., Mfirliii.if. 
 AXUHK BHRXARl), E.s(|., Mciclmiil 
 
 .JOHN' crMMING. 
 
 ST. KITT'S 
 
 GEORnE JAMES EVErA'X, Esci., Siili- I 
 Ti'i'iisurcr. I 
 
 Till' I[(Mi. JAMES S. BEURIDGE, Piv.siikiit 
 lit' tlH! Li'gi.sliitive Cimiii'il. 
 
 Mcdiad .hlcinn: 
 
 Dr. JOSEPH H. liOOX. 
 
 Medical Attend, nftlie I'lililie E.stalili.-.liiiii'nts. 
 
 THOMAS I>. RERRIDGE, E.s,|.,Clerl<tn|he 
 
 Le.u'i.slative CdUiieil. 
 The Hni,. FRANCIS SPENCER WIGEEV, 
 
 Attiiriiey-Gi'iieral. 
 
 J. K. WATTI^EY. 
 
 lianister-at-|ja«. 
 
 DOMINICA. 
 
 WILLIAM REDHEAD, Es4. | WlLt.lAM LYNCH, Es(i., Sth.en.li.arv Ma-is- 
 
 THOMAS D. TENCH, Es(i. '■ trate. 
 
 GEORGE CHARLES FALCONER, E.sij. 
 
 Jfii/iciiJ Adrlsi'r. yli/r/if. 
 
 Dr. JOHN IMRAY. JAMES GARRAWAV. 
 
 GEEXADA. 
 
 DAVID WERSTRH, Esq., Mereliaiit, .-ili.! Meinl.er of As.seinblv. 
 
 Tlie ILiii. DAVID WILLLVM (illJliS, Mer- 
 eliaiit, .Meiiilii'i' of II. M. Ccniin'il, and A.--.si.s 
 tani Justice. 
 
 Tlie Ilnii, J. M'DONNEL, I'lanter an.l A.ssis- 
 tant .lustiei'. 
 
 Mi'ih'ral Ai/'fSrr. 
 Dr. HOIiERT AFFLECK. 
 
 Tlie Hdii, \VILl>iA.M M'EWEN, Planter an. 
 
 Meiulier nt' H.M. Council. 
 WILLIAM EDWARD KILLIKELLV, Fs,,. 
 .Meinlicr ol' .\s,-icnilily. 
 : HENRY SIIARPE, Es.i., Prov,..st-Mar.slK,l. 
 
 .Iiji',//. 
 THOMAS HELL, Market S(iuare. 
 
 .ST. YIXCEXT. 
 
 FRANCIS ANDERSON, E.s(i., Men liaut. f The Hun. WILLIAM LYNCH. 
 
 SAMUEL SPENCER, Esq., Mereliant. I A. P. HOBSON, E.sii., In.si.ector-Oeueral ,.f 
 
 JOHN D'OYLEV, E.sii. I P,ili<e. 
 
 (JEORGE li. DROWN, Esq. 
 Jlcdiad Adviser. ^hieiif. 
 
 Dr. R. P. SPROTT. ALEXANDER DALRYMPLE. 
 
TIIK COI.O.MAI, I. IFF. ASSIRAXCK COMI'AXV 
 
 29 
 
 EAST INDIES. 
 
 CALcrTTA. 
 
 W.M. C. STKWAHT, Ksii., Mrnliaiil. WILLIAM ( LARK, Ksi] , Mnciiaiit. 
 
 T. K. WTACrO, Ks(i,, Sfcn't.'iiy tn 111,. Iii,liaii , .lollN lilioWX, Ksi|,, of Messrs. (iniiit, 
 Ot'iicviil Steam Navigation Cniiiit.niy. Smltli, it Co. 
 
 .JAMKS (lAI.I.oWAV, i:s(i 
 
 M(il trill Ji! riser. Siilirilnr. 
 
 \h\ JOirX MAC1'1JKKS(»\, rresiileiicy Smvenii. liOliT MOSICLV Tilt (MAS, Ksii. 
 
 ^liji ills >lill! Srf-rr/iirii S lit llir Hoiiril. 
 
 liiiKHAIi \Ii.i:. Si'llllJ-KK, (t Cu 
 
 MADRAS. 
 
 ITKXRV TOI.PUTT, Ks<i., (if Messrs. Lt t 1 KOHKRT I'KANCK, Ksii., .Snimr I'artner .if 
 
 A; t'li, Meri-liaiits ami Af;eiits. , ., ,,. ,, ,, ,, , , ,., 
 
 ,„ . „ ,,,,^., ,, ,. ,, , , , tlie I'liiu ol M"ssrs. l-raliek & t(i. 
 
 T. L. R. S1IAM>, Ksn., of Messrs. C. Sliaml 
 
 k. Co., Merrl,a„tsa,„l A,.v„ts. , -""l-^' •''••HliKS MOIR, Es.,., Maiiafevr of tl.o 
 
 .lollN UOliKKT UOVSOX, Ksq. ( (riental lJaii]< (.'oriK. ration. 
 
 Mrilirjil ^-li/risri: 
 l>r. .T T, PALL. 
 
 Sdh'ri/di's. 
 Messrs. noVSoX k MIl.LKR 
 
 ^li/rn/s iiinl S'ri'/'r/ii I'll s tulltr Jliinril, 
 
 mxxv ct Co. 
 
 B 0:^1 P. AY. 
 
 SAMIKI. LAWFOED ACI.AXl), Ivscj., 8oli CAMPJiKM. .MACK IXTi 'SlI KKfR, Ks(|., 
 
 eitoi'. Soli^'iior. 
 
 .IAMi:s ALEXAXDKR KOKIJES, K>m , M< r- .WhlillW Rl( UARU SCoBLK, Esq , liar- 
 
 elianl. risler-.'it-Law. 
 
 JAMES BKVIS, i:s(t., Mereliant. 
 
 Mnliriil Auris, r.— Dv T. DIVKR. 
 
 A'lriils ihlil Srrri III I'irti In Uir Ihiiiril. 
 CARDWELI., I'.VRSOXS, A; C< ». 
 
 COLOMBO. CEYLO^^ 
 
 lIEXTxY lUTCTnE, Esq., of .Messrs. Wils. n, ,|, x. WHITE, Es(| . of Jlessrs. J M, Roi.ert 
 
 liileliie. (t Co., Mereliants. 
 lilXXV Si'OTT, Esq., of MesMs. Alex, an.! 
 
 liinny Scott ii Co., .Meri'liants. 
 
 son (t ( '(!., .Mereliants. 
 \. WISE, Esi|., of .Messrs. George Stewart .t 
 
 E .1. l»E SARAM, Es(|. 
 
 Mi'illriil .Itlrisrr. 
 J>i. F. W. WILLI^EMRI). 
 
 Co. , .Merchants. 
 
 .Iijrii/s II III! iSrcri'fun'rM la till' lliinril. 
 ALST(.)XS, SCOTT, h Co, 
 
30 
 
 THE COLONIAL LIFE ASSURANCE COMPANY 
 
 CAPE OF GOOD HOPE. 
 
 CAPE TOWN. 
 
 r \V. RKITZ, Esq., M.I,.C. 
 
 .M)|[N' RMin, i;sc|., AtlmiH'y ;it-r,aw. 
 
 F. v. ni'niEHlOOHD, Esti, Mficliant 
 
 OIIAUT,KS nAHUY, Eh(1. 
 JollAN (iKOIUl STEVTLER, E*i. 
 .lAMKS KING, Eh(i. 
 HENRY RKII), Es((. 
 
 Mi'diatl Adcisif — Dr. jas. AHERCROMRIE Jiin. 
 
 Solicitors. Aijciitu and SWrcdirics to t/tc Board.. 
 
 Jltssrs. JOHN & HENRY REID. THO.MSOX, WAT.SON, k Co. 
 
 MAUEITIU8. 
 POET LOUIS. 
 
 .IA.ME8 ERASER, Es(i., Men.'liant, Chaivman. 
 P A. WIEIIE, E.'iq., Mcicliaiit. S. A. T. JOFA', Esq., Pnqiiirt,.!-. 
 
 HENRY A. Li:iSllM.\N, l.;.s,|., McTclmiit. L. E. E. DITONT, Esq., Ri-istiiir i)f tliR 
 
 .IL'l-ES liorcHKl, Esq., Adv.icaU;. , Siiineuio Cuuit. 
 
 ALEX. L'ONNAL, E.sci, Mcuhant. i 
 
 Medical ^Idciaer. A.ji'iif and Sccrctari/ to flic Board. 
 
 Dr. RICCARU. FREDERICK MYf.lUH DICK. 
 
 AUSTRALIA. 
 SYDNEY (Xew Soitji \\'ai.es). ,Si>r, George Street. 
 
 niCUARD J(JNES, Es(|., D.qmly-Cli.iiniir.n 1 F. H. l>AN(iAR, Esq , of Mi'ssr.s. Dauj^ar, 
 
 (iC tilt' CiiiiiiiR'ii.'ial Banking,' Cmiqiany (if Oilclirist, iS; Co. 
 
 >;yiliiin-. I THOS. [SKINNER, Es<i., MiTcliant, 
 
 JOHN DE VILLIERS LAMB, Esci., of | JOHN IJINNY, Esq., of Messrs. Join: Biiiiiy 
 
 .Messrs. I.aiiili, Pailmry, it (-'o. ] it Co. 
 
 Medical ^tdriscr—Di: JAMES C.COX. 
 
 Solicitors. 
 Messrs. M'CARTHY &. HOS. 
 
 ..lijrut (did Sccrclarij lo the Board, 
 WILLIAM RAE. 
 
 MELBOURNE (Victoria), l>G Collins Street, AVest. 
 
 Hon. STKI'IIEN (i. HKNTY, M.L.C 
 JAMES GRAHAM, Esii., of Messrs. Graliaiii , T. J. N AN K 1 V E L L, E.sq, of Messrs. Faimiii^j 
 Brothers (t Co. I NaiiUivell, it (,'o. 
 
 Medical Adviser. 
 Dr. WILLIAM R. I'LGIL 
 
 Sidicitors. 
 Messrs. MLTTLEIiURV, MALLESOX, & ENGLAND. 
 
 Aijciit and Seeretarij to tia' Board. 
 JOHN WATS(JN. 
 
THE coi.oxiAr, t.ti k assurance compaxv 
 
 31 
 
 TASMANIA. 
 
 LAUXCKSTON. 
 
 JOHN TIIOMrSON, Es(i. 
 JOHN FAWNS, i:.s(i. 
 JUilN C'I{<)(-)KKS, Ksq. 
 
 Mcdinil ^Iflrisi'r. 
 Dr. JAMES GUANT. 
 
 ADYK DOUGLAS, E*!-, Uivnister iiinl At- 
 turnry. 
 
 ^liji'iit dill/ Srfrrfarif fii llir linai'd. 
 RUXALD C. GUNN. 
 
 NEW ZEALAND. 
 AUCKLAND. 
 
 Hf)!',ERT WATEUSTON, Es(i., of Mossis. 
 
 Bi'nwii, Caiii])!"'!!, it Ci)., Slimtliiiid (Ji'i'sct. 
 THOMAS MAL'KARLANE, Esq., of Messrs. 
 
 lluiidcrsou it Miict'iiiliiui'. 
 
 Mcdidd Ailrlsi')'. 
 Dr. SAMUEL JOHN STHATFORD. 
 
 JAMES WILLIAMSOX, Esq., M.O.A., Presi- 
 iliMit (if tlin l5;iliU of New /caliiinl. 
 
 .KiSEl'il NEWMAX, Es(i., M. I'.C, of Messrs. 
 Xcwm.iii it Ewcii, MtTcliunts. 
 
 Aijcid (dill Srcnionj to tin' Board. 
 SAMUEL JACKSON. 
 
 VANCOUVER'S ISLAND. 
 
 YICTOKIxV. 
 
 rilOMAS HAIUilS, Esii.,M!iyoi-. 
 JAMES YATKS, Esq., Craigif Lrc Farm. 
 KENNETH M'KEN/IE, Esq., CraigUowor. 
 
 lioiiEKT BURNAIiY, Esii., M.P. 
 H.iu. AM;X. WATSON, Tr^'usiuur for Vaii- 
 coiiviM-'s Islauil. 
 
 Mi-dii'ill Adviser. 
 Dr. JAMES TUIMULE. 
 
 -lijfids (ovl Si'crr/orii'.'i to tlw Bon rd. 
 JOHN J. COCHRANE & J. G. SHEPHERD, 
 
 I 
 
AGENCIES. 
 
 CANADA. 
 
 Miin'iiii;ai. . . 
 
 WII.I.IAM MII.I.KIi HAMSAY 
 
 NKW niU'XSW'iC'K. 
 
 St, Ji.ms DUNCAN KolfKrtT-ON. 
 
 Nov A SCOTIA. 
 
 llAi.iiAX MAITIIKW Jl. KK IIKV. 
 
 NKWFOI'NDLAXI). 
 
 St. . I. .UN's ri{KI)i:i{irK .! WVA'IT. 
 
 r.KlJMlDA. 
 St. (ii.i«uiiK's lAMI'^S ATTWiiOl). 
 
 WK.ST IXKIKS. 
 DKMKiiABtA ... , \V.\1. II. CAMl'lilCl.L. Sr. KiTT.'4 1. K. WATTI.KV. 
 
 .) AMAIl'A . . . 
 TltlN'IDAI" . . 
 
 Uakiiaihuw. 
 
 ANTMil'A . . . 
 St. VlXl'KNT 
 
 11. .1. kk.mmm:. 
 
 .101 IN CL'M.MlNCr. 
 
 (!K(»U(;k winti'.h. 
 
 KAVlll l!l;ii\VNi;. 
 ALES. DALUV.MI'I.K. 
 
 Sr Tiio.MAs . lllNTKIt MollUlSox. 
 
 Domini. A .lAMKS OAHUAWAY. 
 
 OuKNAiiA.. . . runs. liKl.I., Mark.i S.|. 
 
 Ti.UAc. .lAMKS lllvNKV KKKNS. 
 
 F.AST IXiMKS. 
 ("ai-.ttta H(iI!1{.\DA1M:, Sl'111 l.I.KH, & CO. 
 
 .Mai.uas ^lN^V(^:(o. 
 
 UtiMiiAV CAUDWKLL, I'.MISONS, A; CO. 
 
 Pi-.nan< I.OUUAIN, «ill,r,KSl'li;, (t CO 
 
 SiNc.AP. Tin; lioHNKO COMPANY, I.IM1TI;D 
 
 Manu.i.a KINDI.AY, UlCllAKDSoN, &. Co. 
 
 c^;^■I.<)^. 
 
 C<ii.iiMH(> ALSTONS, SCOTT, & CO. 
 
 M.\ri;iTii s. 
 I'dHT i-.'ii.s kiu:i>kiulIv mymus dick. 
 
 CAl'K OF (,0()1) Ilol'F,. 
 Cait. T(.«n rill >.MSOX, WATSt iX, & CO. 
 
 Ar.STRAI,IA. 
 
 Hvi)Si:v W'lr.MA.M UM:. 
 
 Mki.hi.i UNL JOHN WATSON. 
 
 TAS.MAXIA. 
 T.AiNcKsTns HONAI.D C (il'NN 
 
 NF.W ZKAFANI). 
 Atcki.a.n-I) SA.MLKL .lACKSON ^^ 
 
 V.VNCiMVKirS ISLAND. 
 ViiTONiA I, .). COCIIRANK * .1 O SHKl'IIKRD. 
 
 MKDFrKl;i!ANKAN. 
 Malta I. gU'lNTAXA. 
 
 ''V 
 
s. 
 
 V 
 
 I). 
 
 ■^ 
 
m "^ 
 
 Forms of applioation for a (PcUcy of Life Jlssii.ranae, and every 
 information in referenae to the subject, can he obtained by applyinQ- to 
 
 A. J. MAXIIAM, 
 
 Agents 
 
 Medical Referee, 
 
 DR. BUSWELL,— DR. LANDRY. 
 
 QUEBEC. 
 
 
 ■* - 
 
 
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