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passed, endowment assurances were practically unknown. At that

time to my knewledge one of the great London Companies had only

three such policies on its backs, whereas new two-thirds of its

business consists of endowment assurances. Surely this important

change in the condition of life assurance should be provided

for.

6

The form referred to under Heading 7 of the

Fifth Schedule is in the British form verbatim, It would, however

be well to distinguish in the case of whole life policies these

by premiums payable throughout life, and these by premiums pay-

-able for a term only. Some Companies in this country make the

distinction, but others do not, and the Board of Trade has no

power to compel them. The corresponding questions in the Sixth

Schedule are Nos. 2 and 3, and here again some Companies simply

include all whele life policies in one answer, and do not dis-

-tinguish in Question 3 of the Sixth Schedule between whole

life and limited payment policies. That should not be se.

7 The foot-nete to the form under Heading 7

of the Fifth Schedule speaks of European Kortality Tables

adopted by the Company, but that is surely out of place for

local Companies in China. Alse the point of impertance is net

the mortality table on which the rates of premium are calculated,

but the actual office rate charged. In many cases it is not

possible to say what mortality table has been used, the Office

rates being merely the averages rates of competing Companies.

Rather, a separate Return under the form in question should

be asked for in respect of each basis ef valuation, without

definitely naming the kind of mortality table that may be

involved in it. There is no prevision, for instance, for dif-

-ferent rates of interest in respect of different classes ef

contracts, and that is quite as important as the mortality

suit asometers sobre to agno aksid ai,*[burio“ đì abrało i ne cavalo jele zidariukia did to" bebizəng ed Wireda

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table.

8

As to the Sixth Schedule, at the present

day it would be an advantage in Question 1 to ask for the

-ables

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