We'll
IN ANAL
80 )(6), renumbered as
exclude endowment assurance,
(*) (*) & (*), should be
De worded as
18 7 11
as whole-life 100% es attended
Schedule VI. ?. The present practice of the Company making returns in the United Kingdom, as approved by the Board of Trade, would be better conveyed by the following wording :-
1 the numbers rate of interest yielded by the assets, invested or uninvested, constituting the life assurance fund of the Company, calculated upon the mean fund during the year since the last investigation".
(6) The following further suggestions are also included in the documents before me, on points as to which no general variation of practice has been made or allowed, under the working of the Imperial Act -
Schedule V.7 Valuation Summary
Mr King suggests that the classes of assurance specified should be extended as follows :-
"For whole term of life with uniform premium throughout
with limited premiums
Other classes (to be specified)
with a consequential alteration in clause (?) of Schedule VI.
Schedule V.9. Mr King suggests, in his Reports, that the analysis of this condition should be somewhat more extended, so as to show the profit brought forward from the previous valuation, the profits allotted to whole life assurances and endowment assurances respectively, and also the profit divided amongst the shareholders.
Schedule VI (1), Mr King also suggests that the office rates of premium for Endowment Assurances, published and in force at the date of the valuation, should be returned under this clause.
The three several suggestions will probably be given effect to in an amendment of the British Act, and although not essential, might be given effect to in any amended Ordinance, if so desired.
(7) KS.