1936-03-23 — Page 3

Page

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HONG KONG DAILY PRESS MONDAY, MARCH 23. 1936.

CALCUTTA CUP RUGGER

England Wins By Solitary Point

London, Mar. 21.

|

IMMENSE GROWTH

Of Sun Life Assurance Company Of Canada

Speaking at the 65th Annual England beat Scotland by 9 general meeting of the Sun Life points to 8 in the Calcutta Cup Assurance. Company of Canada, ̈* rugger · match at Twickenham in Mr. Wood, Managing Director de- brilliant weather before a gate of clared there exists solid ground 60,000. Barrie, replaced Cooper in for the bellef that the steady im- the Scottish team, the latter provement to be noted in the past suffering from water in the knee year is soundly based and will The teams were:

continue.

נו

England: E, G, Owen Smith; Prince Obolensky, R. A. Gerrard,

THE PLAY

Certainly the 65th Annual State- ment of the Sun Life Assurance P. Cranmer and H. 8. Sever; P. Company bears this out. Totals so Candler and B. C. Gadney, (capt.), | tremedous as those which have Ticks, Toft, Langland, Dunkley. been presented in the Sun Life

statements Webb, Weston, Brook and Bolton.

might easily be ac- Scotland: Kerr: Shaw. Lind. cepted as expressing the utmost Dick and Fyte; C. F. Grieve and maximum of achievement possible Logan: R. M. Grieve, Cottington, in the Life insurance field, but at Drulit Beattie. Burnett. Barrie no year end has this been the Warets and Weston,

case. The Company goes on from strength to strength. Its assets are in excess, of Can, $707,000,000 In the second minute of the having increased Can, $41,000,000 game, after a fine run by Sever, in 1935 and are now at a new high Bolton went over for an uncon- level. Its payments to policy verted try to give England the holders and beneficiaries amount- lead. Three minutes later, how-ed to more than Can, $80,000,000 ever,, Fyfe kicked a glorious pen- in the year, and in the sixty five alty goal from the half-way line, years since the Company was or- following midfeld play.

ganised these payments aggregate Sever then missed an easy to more than Can, $968,000,000. penalty kick, but, nothing daunt- Staggering figures Indeed find most. ed, England went ahead" when 18 striking evidence of the Important minutes after the start Candler | place which the Company occupies sold the dummy and went over in the economic life of Canada in for a glorious unconverted try. particular and the world in gener- Little less than four minutes later L Cranmer increased England's lead when be dribbled through and. punting ahead, raced three Heot- tish defenders for the touch down His effort, however, was not con. verted.

LIFE INSURANCE

Life Insurance, the security which it affords and the infaitę variety of its benefits, are becom- ing more and more appreciated by the citizens of this and other Scotland then retaliated

countries. The Sun Life has more after 31 minutes' play, Fyfe caught than Can. $2,700,000,000 of assur- the English defence on the wrong, ances in force, its new business foot, and punted ahead for Shaw, paid for during 1935 having been to catch Owen Smith on the wrong in excess of Can $219,000,000.

and.

foot and go over for a try which Fyle converted from a very diff- cult angle.

Halftime arrived with England leading by 9 points to a

FRUTTLESS BATTLE

Surplus earnings, though highly satisfactory in 1934, were even bet- ter in 1935, and administrative prudencë, an essential factor in the direction of any organization of this kind, is attested in the continuance of a policy previously A fierce battle took place on the adopted, namely, the employment resumption, marking the encoun-

of these surplus funds in writing ter as one of the most exciting down the values at which securi- the year. Both Lind and Cranmer. ties are carried in the company's missed charices of dropping goals. books. Policyholders have an im Candler defended superbly, check- mediate as well as a long-view in- ing the strong Scottish attacks.terest in a conservative course of while Prince Obolensky, hero of this kind which adds to the the England match against the All Blacks, was carefully watched and consequently never had any chan- ces, although He made two great runs during the gau

posts with a

England attacked strongly until the finish Owen-Smith, the South African Test cricketer. narrowly missing the

long left-footed drop kick. The final whistle blew soon after to give England their first win of the sea- son, arid by a solitary point.

COMMENT

England deserved to win, but if anyone was capable of place-kick- ing slightly more than in the un- orthodox manner among the

three-quarters there would have been a score more in keeping with their superiority.

Candler and Cranmer dropped vital passes and did not allow Obolensky and Sever to get away. They both, however, put up a fine defence. Owen Smith was not up to standard. On the Scottish side

Kerr was a man in the match who covered up the deficiencies of his three-quarters with wonderful tackling and bis kicking superb.

Wales Ireland

England Scotland -Router

Was

ין

strength of the investment and other reserves and thereby in- creases their protection. It is n significant fact and one very pro- perly stressed by Mr, Wood that fewer policies have been surren- dered and that there has been decrease in terminations occasion ed by the exhaustion of reserves through the accumulation of po- licy loan indebtedness. Moreover, as the influences of the depression pass the rate of termination is ex- pected to show still further Im- case of the provement In the Sun Late the amount of cash re- ceived in repayment or reduction of policy loans in 1935 was the highest in the company's history and was 20 per cent, higher than the amount received during the pre- year in new ordinary life mfums, while new policy loans sought during the year were de- finitely upon a normal basis...

WORLD'S CONDITIONS Mr. Wood's survey of world.com- altions and his reference to future probabilities were clear and com-

prehensive.

charac- They were terised by a reasoned optimism, but at the same time took note of the uncertainties existing and the

The Scottish forwards were slow from the scrums but equal to Eng. dificulties which must be over- land in attack.

come, Present and future con- ditions of world-wide scope have, England and Scotland each have of course, a definite bearing upon now won 24 matches and have the business of life insurance and drawn 10. The International must be considered by a company tournament order was as follows: whose operations are practically P. W. L. D. F. A. Pts. universal The Sun Life policy-

3 2 0 1 18 3 5

holders have every reason to be 3 2 1 0 16 10 4

gratified with the results achieved 3 11 12 14 3

in circumstances which, in some 3 0 3 0 15 32 0

respects, have been far from pro- pitious, and which have produced serious disturbances in other fields of activity. Life Insurance is big business, but, as Mr. Wood has pointed out, the term has no sinis- ter implication; on the contrary, the magnitude of life insurance figures ought to be and is a source ur pride to those concerned, In- dicating as it does, that this, the greatest co-operative enterprise in the history of mankind, is bene- niting the Ilves of millions of peo- ple whose funds are being ad- ministered in their behalf in a tar better way, a more, helpful, and fruitful way, than would be possi- ble with the individuals them- selves.

RESULTS OF HOME RUGGER MATCHES

London, Mar, 21,

The following were the results of the day's rugger matches apart from the England-Scotland match at Twickenham:-

Gloucester 13, Newport 3. Leicester 5, Bath 0. Northampton. 8, Nezih-8. Nuneaton 9, Moseley 11. Penarth 11, London Welsh. 11. Rugby 5, Coventry 24, Torquay Ath3, Devonport.8.0 United Ser. 3, Bristol 20, West O'Scotland 4, Headingly 36 Old Blues 13; Waterloo-28, Aberavon 6, Cross Keys 8. Liánelly 14, Swansea 3,

Manchester 11, Bale 12. Stewartonians 9. Jed Forest 3.

Beuler.

4

The 65th Annual Statement of the

Sun Life Assurance Company

of Canada

Reflects the Strength and Stability of Life Assurance

A voluntary co-operative enterprise which for generations has stood every test

HIGHLIGHTS OF 1935

ASSURANCES IN FORCE Exceed Two Billion Seven Hundred Million Dollars. This is the amount which will be paid by the Sun Life as the policies now in force reach maturity. By thrift and foresight more than a million policy- holders have provided, through Sun Life policies, for the support of their families in case of premature death and their own independence should they live to old age.

NEW ASSURANCES PAID FOR Exceed Two Hundred Million Dollars for the year. During 1935 more than seventy thousand persons established estates by purchasing Sun Life policies, thus providing security for many thousands of homes. POLICYHOLDERS AND BENEFICIARIES... Benefits amounting to Eighty Million Dollars were paid out over Two Hundred and Eighty-five Thousand Dollars for each working day. Since the Sun Life commenced business 65 years ago, it has paid out to policyholders and beneficiaries well over Nine Hundred Million Dollars.

SUMMARY OF DIRECTORS' REPORT ASSURANCES IN FORCE, December 31, 1935... NEW ASSURANCES PAID FOR

INCOME

DISBURSEMENTS

EXCESS OF INCOME OVER DISBURSEMENTS

$2,736,800,000;

· 219,076,000

159,406,000

106,175,000

47,231,000

80,284,000

968,614,000

707,052,000

692,620,000

$3,281,000

PAYMENTS TO POLICYHOLDERS AND BENEFICIARIES:

During the year 1935

Since Organization "....."

ASSETS

LIA RILITIES

PAID TP CAPITAL (32,000,000)

balance at credit of shareholders' account RESERVE for depreciation in mortgages and real estate 5,201,000 SURPLUS....

5,930,000

$14,432,000

The valuation of the assets has been made in accordance with the baris authorised by.

the Insurança Depariment of the Dominion of Canada.

All the Figuras given in this Statement are Canadian Dollars.

1:

SUN LIFE ASSURANCE COMPANY OF CANADA

SOUTH CHINA' BRANCH OFFICE Gloucester Building (2nd Floor), Hong Kong, Branch Manager-J. P. PATON, CANTON DISTRICT OFFICE 88, British Concession, Shameen. Special Representative-F. B. W. LAMMERT.

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"