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THURSDAY, 'MARCH I7TH, 1938 THE CANADIAN STATESMAN. BOWMANVILLE, ONTARIO PAGE FOUR METROPOLITAN LIFE CONTINUES PROGRESS IN 1937 Increased Insurance in Force Feature of 7lst Annual Statement. OTTAWA, March 1-4tb. - Report- lng payments to policyholdlers and beneficiarles of almost $20000000 during 1937, an average of $4,353-2S a minute for each business day, the 7lst annual statement of the Mletro- politan Lite Insurance Compa)ýnY re- leased today presents an informative picture of the servie of a lite ln- suranoe company under the lheading of "The Business Side of the Ledger - and the Human Side- Tiere was scarcely a catastrophe in the country which took bumuan liveJ during 1937 where funds provided by M.%etropolitan ijolicies did n0t IhelP to lighten the burden for afflicted familles. The report also comientS4 on the value of new inve-stient2 made by the company la varlouq communities. These inivesîment8 helped to create a demand for goods, aided realty values. gave~ipo ment, and otherwise advanced locai social and economic interests. The company, which is a multual or- ganization, ended the year with the largest number of policies and the greatest amount of life Insurance ever in force In any comipany - 43,600,964 policies for a- total of $22,584,093,698. These polcies, which Included almost two million lives Insured under group lite contracts, were owned by approxinately 29,- 000,000 persons in Canada and the United States, or two persons out o! every fine In the populations of the two countries. H1ARRY D. IVRIGHT Second Vice-President and Manager for Canada, .letropolitan, Life Jinsurance Conipa~ny, îrho r-eports a 8iubtaîtia1 gaina inCanadian "The Canadian business o! the companiy shows a gain o! $61,693,307 ln life insîtranue in force at the end o! the year, which was $1,126,789e- 608," conîmented Second Vice-i'resi- (lent Harry D. Wright, -Manager for (Canada. le also stated that invest- ments of ?.etropilitan in the D,'nuin- Ion now total $20313621. other features of the companys business ln Canada referred to by -Mr. Wright Included payments to Canadian policyholders and beneficiaries dur- ing the year of S29,319,475; distribu- tion of 4,283,681 publications on health; and continuation o! the company's health and welfare pro- gramme in the course of whlch nurses made 363,644 visits la minis- tering to polleyholders insured un- der Industrial, Intermediate and (roup contracts. "The improvement shown here duing 1937 la the vanl- ous departments o! our company refleet favorable business and ln- dustrial conditions la Canada," stated Mr. Wright. Referrlng to the company's total business la Canada and the United States, the year's report shows that payments to policyholders amounted to more than bal! a billilon dollars for the slxth successive year, the amount for 1937 belng $525,876,271. These payments were made, to pil- cyholders in the Ordinary <epart- ment, lncludlng Group, $278.189.011 ; to Industrial policyholders $234.266,- 145 and to accident and health poili- cyholders $13,421,115. Dividends to policyholders payab)le ln 1938 will total mure than one hundred million dollars. The sum of $227)019055 was ad- ded ln 1937 to the funds beldi hy the company for the benefit of pollcy- holders, bringing assets o! the com- pany to $4719720827 as at Decem- ber 3lst 1937. The surplus and general voluntary reserves, whlch serve as a cushion agalnst unforseen contingencies, are now $311504,659. Outstanding ln the report was the gain in trital life insurance in force, $1273117,D14, the largest Increase since 1929. Total Ordinary in forco at the end of 1937 was $11,400,6tMo,22t) or 51% 'co! the ooiianx s lu-mess the Industnial total '.'.s- 7.5)11,-F 537.957 or 33% : a ni tii'- iro p total w.as $3,0171,S(35,512 or 16%. The ouum-f pany also ha'Id acdend i haltb Insurance ln force ûarrý ng a prin-F cipal sîtuî i enefit cf $.1.6.1 and wcoqkly nlinot f $ 9, 024. Ail of tPes- iir-areie-týv Iligh spots la Metropolitan history. CAN NOW oBTrAIN RECOMMENDATION FOR FERTILIZERS A-il Ontario i)clpartiit i \v r culture puiblicatîion, iiîi. cuin lliîe idat i tits,',' loekd 1n i il'. iîaiv progressive'tfarnîci- a-.Itle inost' valutable cf ail Poo)l. tii ) lislîed by the Depanîment fi. t ' I..ilf ta ',uar, is juisi'ff the tire -. i,-r 1938 and ready for distributiouni1fit' to u'ery farmer. Titis imnîs 'n (Fr pîamphdlet cf 201 pages cao he obtain cdl, front eitlîer the Agicultural k'- presuttative. the Chemistrv Deprt illentt. t.A.C.. or 1-v writinz Public- ationls Braîicl, Onît. Depatnent ot A-griculture, Panliainicat Buildings, \lVit' rite for it îîow. Tu ih'oklet docs îlot contain ai., __ _ __ _ __ _ __ _ __ _'_- Pall bear-ers wý%ere M esa,1rs. H . Co-. -hit or mnil-. informiation. It il. the corn. taIl wheat. mnange!-.. îtixed Qsha wa, visited at Mr. Milt-on lae wawihra. and Mrs. E. Adams. ver.t. Win. Covert. Cephas Run- reuut of xnuch careitul w urk b'. tho grain. oatz, pua.. latu i- ,tatoe-. Sa.misX*R..Roe. WRelae .\'.i-r' B'rd in coiiilCt;,Il iWtII 11ii - i g W et. -ligar !utî.and(1tur- M ir. and M rs. Everett Ormisuon. BColuONM s. W se o k n i iii g0 3 T A Yd e o a e H c taritier '.. -, goveri muint ficial- iii'r- .w m anville . visited at M r. iC l m bsEd-e t f m T ro t n aid maniiacturer-. It.cnirn li' tri -aî' "u Oýts.i aî rîtos c .McKnigýht wvas cni the Mi-. and Mrs. John Sheckletofl, John FostrBo anilHmlt. the c11-tîeicatioi i-.hcX '. tr O- W a- Iti r Mr. Go. Oriston.Hampton. o:e reMr.t anodToCoto An 0k i -trulabo utorniati n na nnedt,.- irtrîi Mr. Fred Ashton, Toronto. at i lson. i ri lx J u s n(Ie 'o.nc. l 1h verils n .T h ere p a ss e d tj e s e n c i T Ftli&-.î tepo' li'. .r vt ' Pacud "l ]'il î 'Il 1aitd i n z Mr e. rito'Mr. and .\I-s. J. Gatel 10.and38.s. Her Ixuînitldt.I .cl.'ciK(jea] aec re du.t fertîlizu r-. Mrs. H. Truli. Dr. a.nd Mrs. WV been ronfinied to thie bouse tsiles onPicfl ie e'. ýcr neialur a.Il, CIMcCullcb. Orono. Mr. and Mrs. t iue llnes. adMadMrss. McLauWrght f l a.onbrm10.198-atr isCIFLE' and( double ch cked Iv the Board. ir iarket gardici cr'.). 's i i r Bert M cCulloch. Oshawa, at M a-s. Sym pathy i-s extended t '\I . and aby. andr. nMrs at. \r.e tJ. e ral m nh s ii ..ohn F.-,ed w s r. h i 'r ai c Pîn il i~ born on thged72 e Foster hoîiestead. 1-Mary Baker Eddv e%(r len)r of subiclil ia'.iîîg 1) e, 11 pagel arc iu'. îî t' best ftrtilizure~~bY ihMra d Ms J gc 2 yer. T e d ae va 't t oe- G d. chosen for outstanding abilit'.. OneI mixture-. for graipe-. rasplierrie-. John McCullo>ch's. ai i-. d arisontn lsthfFed A. rs:'oC. o- rr linde il anth - a pinipl 7bere adMr.E Hri o h ls fnow owned b, r.Fse id \piiil s01 ligamx s fillictions il _trauberries ,~Mesrs. Albert and Calvin Nid- cr baby daughter imer. WNr il saiohr ricfl of the Ioard 'ucin- - t, ecx- qaa' e ne- d truc t ruits Me am ie xperiniental tdata ironi il Tdeil' -.aisu vaiable data ott the e~ oo t . ~ ~ oi ilg.Marie. It is possible for a womans wood Place." Liberty st. North. roliiru-. liberalit\ a rile savs, "one- relabl sorce, h 1iîg (t0do'.'iî I FItoîie mixing of furtîlizer- mietho.dl r.\.J rmsnhsr- Messrs. A. Wilson, W. Haskin, head tb be turned by flattery. jBowmanville, being àson of tet-î- :*'.. pnincs .fogv teue of~ c fertilizers and îîîethodl f f application, and soil testing ser- tui-ned front BowmanvdUe where i even when she -hms a stiff neck. late John and Elizabeth Foster. aruk le ctifl e F Ve . tîmes. so of application, and to ruaier, on vc.she has had a lengthy visit at J. Cura-an. J~. Smih, .Adams. A man may be in love wjth He is survived by one brother. .W.o'rtn mrendations justified bv such dlata o r1 Mr. Everet-t Oi-miston's. A. Grace, C. Dean, W. Breck and two women at the saine time, but George C. FOSter. K..ngL St. E.. wh.'.lo nîerclv knoxvs iglît bu approved farm practîces.- Mis. H. Stinson has returned Jack Smith of Blackstock attend- no fete fte nw bu Bowmanvllle. fpitil - itculbhmwi ENFIELD~ ~ from ber mother's at Pontypool. eci the Brothei-hood banque', ot i.Tefnrlwil o lc (ltl l.-ofiii S pac wi I n t p r m i o u lii iiî ti'. M r . S in s n w s u d er th e d l n T u rs a y v e n n g.It's ea sy e n o u g h to b e g o o d o n F e b ru ary 12. %v a s c o n d u c ted b cwonte s oo stieibooki e iiidet ail îe tors care with quinsy while away Recent Visitors: natured if you have noting else R V lbît B shi. pstor of theiiiikiibtdoan o ttd coii-erv.atiîon of bartt'ar< itanire! Mn. and Ma-s. Barabail. Sid and and was able to be brought home Mrs. Harry Strutt and baby te <do. Rited Chltlu-ihEpom. Ort.. wliO u1'.. ac littrbd adstn nmiîiî'ndWalaF. Aberthy anr. and Mr 1onStudy Phyllis andl Mr. El-don Hubbard People with too much imagin- Paid a mnost fitting and loving tri-t-. iltr filtI general fertikizer A Fne'.ety n family. Ma- Mr. and M-s. H. Beaton. Osh- w:'th friends in Oshawa.F ation pile up mounitains. and then bute te bis lite. Inernieflt was T _erc tc-t îiaew a a atton-. ion baricu, beati-. buck'..leat. rple Grove. Miss Corsin. a 5 ilhj,F awa. at Mr-. L. C. Pascoe's. Mr. and Mi-s. Ross Oke. Osh- have to climb over them. ma-de ini Bonianv*llie cenîetery. i., Tritil i tO tuse it"-Emersoti The Business Side of the Ledger - and the Human Si*de -i The Business Side - for 1937 The Metropolitan Life Insurance Company presents its report for the year ended December 31, 1937. ASSETS Gevernment Securities: U.. S. Government $782,172,007.89 Canaduan Covera ment, $63,293,911.82 Oth« bonds: U. S. State and Municipal, $130,036,072.20 Canadian Proincial and Municipal $108,728,136.17 Railroad $604,695,039.09 Public Utilities $479281913.46 Industrial and Miscellaneous $332467,006.43 Stocks: Ail but $38,047.76 are Preferred or Guaranteed Mortgage Loans on Real Estate: First Liens on Farms $73,652,107.08 First Lens on other property $920,444,605.49 Leans on Policies .. .. .. Real Estate Owned: Includes real estate held for Company use Cash..... .. .. .. .. .. Premlumis outstandlng and deferred ......... Intereot due anid accrued, etc. Total... .. .. .. .. .. $845,465,919.71 1,655,208,167.35 81,482,758.76 994,096,712.57 513,947,859.36 383,912,325.74 102,584,804.52 83,727,136.16 59,295,142.84 $4,719,720,827.01 Total Life Ina urance in Force: Ordinary .. .. ..... ....$1,400,690,229 Industrial .. .. . .... ....7,511,537,957 Group .. .. ...... .....3,671,865,512 Total .. .. .... . ...$22,584,093,698 Accident and Health Weekly benefits. .. .. ....$ 19,699,024 Principal sum benefits .. .. ..$ 1,510,264,310 LIABILITIES Statutory PolIcy Reserves: Amount which, with interest and future premiums, wiIl as- sure payment of policy dlaims Dlvldonds to Poleyholders: Set aside for payment for the year 1938 Reservo for Future Payments on Supplemnentary Contracts HeId for Ciaimis: Including claims awaiting com- pletion of proof and estimated amnount of unreported dlaims Ottuer PolIcy Obligations. Including dividends lett with Company, premiums paid in advance, etc. Mlscllaneous Lmbilities: Including reserves for Accident and Health I nsurance, accrued taxes payable in 1938, etc. Surplus andlGencralVoluntary Reserve: This serves as a margin ot safety -a cushion against contingen. cies which cannot be foreseen $4,141.778,793.00 101,023,188.00- 74,73 7,947.93 20,479,248.83 26,055,985.89 44,141,003.74 311,504,659.62 Total ...$4,719,720,827.01 Pagment8 to Reneficiaries and Policyholdera: Ordinary .. .. ...... ...$228,626,251.52 Industrial .. ..... ......234,266,144.68 Group Lite, Health, and Annuities 60,451,881.28 Personal Accident and l-ealth . . . 2,531,994.01 Total .... *.... ....$525,876,271.49 The Metropolitan is a mulual organization. lis assets are held for the benefi of its policyholders,, and any divisible surplus is reiurned Io ils policyholders in the form of dividenda. y In Canada - These highlights o f the Company's business in the Dominion ( haîîinq been included in the above sialements) iv iii be of parlicllair Interest to ilelropolîlan's Canadian policyholders and Iheir l.nficiaries. The total amount of Metropolitan life insurance in force in Canada at the end of the year ivas $1,126,789,608 of which $613,417,019 w.as Ordinarv; $414,800,062 was Industrial and $98,572,527 w.as Group. The total numlier of nunzing v.i'its made without adlditional ct-st to car Canolian pclicyh>olders during 1937 w-as 363,644. The Human Side - for 1937 IF WE \VERE ta let the figures ta the left describe the Metropalitafl's activities Iast year, the story would be far from complete - for there is a HUMAN side of the ledger, taa. Policyhalders and beneficiaries received from Metropolitan inl 1937 almost $26ooo,ooo - much of it in an hour of genuine need. Death dlaims were paid oni 6,107 policies in force less than three months, and onl 18,562 policies in force Iess than one year - dramatic proof of the value of life insurance. am One could scarcely name a catastrophe which toek human lives, in the United States or Canada, where funds provided by Metropolitan policies had flot helped ighten the burden for afflicted families. Each day, visiting nurses representing the Metropolitan ministered to persons insured under Industrial, Intermediate, and Croup policies who were in need of skilled care. These nurses I IrELI made 3,766,240 calls during the year. ____Every haif second during 1937, a Metropolitari bookiet, containing useful health information, was placed in somebody's hands. Each working day throughout the year, new Metropolitan investments went into communities in various parts of the United States and Canada. These investments helped ta create a - demand for goods, aid realty values, give employment, - and serve other modern social and economic needs. -' - There is more we would like to tell you about aur 1937 Report. This is contained in a bookiet entitled "The Human Side of the Ledger", which we shall be glad ta send ta you upan request. Use the coupon beiow. FREDERICK H. ECKER, Chairman of the Board LEROY A. LINCOLN, President METROPOLITAN LIFE INSURANCE COMPANY (A MUTUAL COMPANY) Home Office, New York CANADIAN IIEAD OFFICE OTTAWA HARRY D. WRIGHT Second Vice-President antd Manager for Canada~. %ETiPtL.IT.AN LIFE lNSURIANCr. ('o1%11-ANY -Canadian Illad Office: OTrÀwA% P lease seîîd m ie, w itliou t ch rg e or ol ig ati on , of. î t he b ook iet, "The Ilurîan Side ufthte I edgî-r." Street-___ Nltropolitali invcstmeaîs in Canada as of December 31,,t, 1937 totalled 5263,156,261.32 D Jominîion Govcrnment Bonds $ 63,293,911.82 P lrovincial aînd Municipal Bonds $108,728,136.17 -AIl other la'. -tmients * * * * * * * * ~l< * Payme-n t to \Ictropol itan polie vitolelers and bene- ficiaries in Canada during 19.37 were $29,319,475.67. Mfetropolitan health publications cistributed in Canada (lurng 1937 totalle-d 4,285,681. * * * * * 591,134,213.33 The total amotînt thte Yetropclitan lias paid to Canadians silice it entered (Ctnada, plus its present investments ia Canada, exce.eds the total of al premîums rece-iv.ed from Canadians by more than $133,000,000. * * * * i City-. l'n'. '........____________________ à à 11% Zàl.ý -J - 1