HomeMy WebLinkAboutZurich Herald, 1928-03-15, Page 6BOW THE SUN LIFE -MAD
THIR TYE I U T MILLION
PROFIT IN THE YEAR 1927
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Participating Policyholders Receive Ninety
1" ive, Per Cent. of
Profits—Dividends to Policyholders Again increased
—Company Seeks Legislation to Maintain
Canadian Control
Montreal --The phenomenal record of the Stun e a ife10 sou a (e is aireRdy
CompanY
is an inspiration to all Canadians. Its inc
equal to the total revenue of the Government :of Canada in the year
1910,neand $38,900;4)00 ma y corpoiatcertainli ns.,any anywhan araazing erem an to
eport such have earned
ae figures. The
one year. - Not many
President's intimate, Practical comments at the annual meeting explaining how
these huge profits were mads were illuminating,
Of even greater moment, however, were his statements regarding ,the
Sanger that this great Canadian institution may paps from referred to the activity of Walladian Streetintthe
Someumonths ago, Mr. Macaulay
buying of Sun. Life stock, and cautioned .policyholders and shareholders of the
menace it involved to au institution which was founded and developed 'by
Canadians and which has obtained its phenomenal se 'misgivings, under
ranCd is Canadian
management. Subsequent events have justified
meeting the first public intimation was givof nthat atnhenSve nxiLifes directors
intended
are seeking legislation at the present session
to effectively forestall this danger.
Precautions to Maintain the Company the world; but we are not satisfied
Canadian in Character. and will .not be satisfied until we can
In concluding his address to the make an even stronger statement
than that. Years ago, I told our field
force that we hoped to be able to an-
nounce an increase in our profit scale
for ten consecutive years. We have
maintained that record for eight
years, but the ninth and tenth years
have yet to come, and their story has
yet to be told. Our huge undivided
surplus and our great contingency
shareholders and policyholders the
Presideut niade the following refer-
ence to the matter:—
"There is but one cloud on our hori-
zon. Our very prosperity has created
a remarkable demand for our capital
,stock. -We desire to ensure that this
great company shall always remain
strictly Canadian in its control and in funds are the best guarantee our
particular that its investments shall police -holders can have as to their
never come under Wall Street domina future dividends.
tion. A bill which we have intro-
-
ntro Large Dividends the Result of a
Wise Investment Policy.
"You ask how we are able to make
these huge profits. The $38,000,000
earned Islay be divided as coming ap-
proximately $14,000,000 frond the re-
gular life' assurance operations of the
Company, $,5,000,000 froze profits act-
ually realized by the redemption- or
sale of securities and $19,000,000 from
increase in market values. And, of
all the profits made in the participat-
ing branch, the policyholders get
ninety-five per cent.
"I would not have you suppose that
we ever speculate. We do not. We,
of course, do not hesitate to sell
bonds or other fixed -interest securi-
ties when they rise to such premiums
that the yield is no longer satisfac-
tory, but when we buy a stock we buy
for permanent investment, we buy to
keep, and we never sell merely be-
cause the market value may have
risen to a high figure. We have, how -
over, had an epidemic of security re-
demptions, and as a result we have
the $5,000,000 of realized profit.
luted into Parliament will be sub-
mitted for your approval. If it be
passed, it will give us the protection
we so much need, and I know we can
rely on the whole -hearted sympathy
and support, not only of our stock-
holders and policyholders here pre-
sent, but of our army of policyholders
thrnughout the country."
The meeting unanimously approved
of the measure in question. flow im-
portant and how vital to Canadians
ere the interests at stake is disclosed
in the report submitted to the annual
meeting of the Company.
In moving the adoption of the re-
port, P esident Ivracaulay said:—
`You gentlemen have become so ec-
onomised to our presenting every
year a statement surpassing all pre-
vious records that you come prepared
to hear another report of that des-
cription. I am quite sure, however,
that not one of you, in his most op-
timistic mood, expected a report so
favourable as that which you now
have. Our record for 1927 is indeed
a remarkable one. Let me touch on
the main features:—
Kesping Fit •
HOW ENGLISH GIRL GUIDES PLAY HOCKEY
The All -England Touring Hockey team, which was so successful in. A,us-
tralia, played a match with the Girl Guides' past and present team at Merton.
once generally. Statistics now 'Windt
-
gate
Cleaning-
able indicate that in 1927 the aggro-� n
gate new business • of all the com-
panies operating in the United'States
exceeded the total for 1926 by only
one per cent and in Canada by seven
per cent. But the new business of
the Sun Life of Canada shows an in-
crease of twenty-three per cent. We.
set our • own pace. Our prosperity
and popularity, and the enthusiastic
support of our six hundred thousand
policyholders, matte our growth both
rapid and certain. The future still
before us will, I am convinced, be
more wonderful than anything we can
Remarkable Growth, Strength and
Profits,
"The new assurances completed
amounted to $323,000,000, an increase
of over $62,500,000.
"The amount in force at the close
of the year liad risen to $1,487,000,000,
and at the present moment is well
over $1,500,000,000.
"The income exceeded $102,000,000,
an increase over the previous year of
$2^,300,000- To me, this is very im-
pri ,s roe. Not , only has this item
pea ed the one hundred million mark,
l'ut tho increase alone is equal to
what. was our total income but eight
;rears ago, which had been accumu-
leled by forty-nine years of strenuous
effort, A life company with a total
income no greater than our increase , share in all the profits that they make.
won—be an important corporation. ' The dividends which we receive on How Rockies Got Their
Meaty Winter Dishes :....
These New Veal' :arid Liver
Recipes Are - Suited to'
Cold Weather
Appetites
In choosing veal, look for meat that
is pinitish in' color with white fat If
the fat ie colored, the meat has prob-
ably been taken • from: an animal that
is too Young. '
Remember above ail that veal
should be cooked thoroughly, as it IS
a difficult meat to digest easily. .Also
it is bland in flavor and requires more
than the ordinary amount of season-
ing. • ,
Veal Chops—Surprise.
And Care of filmrs
Furs are being used to -day by
Canadian women to a greater extent
and in greater variety than ever be-
fore. 'They are enponcive. and to
some extent a luxuary; their proper
care is therefore a matter of consid-
erable importance in order that the
wearing quality and beauty may be
preserved to the fullest extent. In
this connection the Natural Resources
Intelligence Service, of the Depart -
now imagine. And it is indeed a- hap- ment of the Interior, considers that
py thought that all that growth in size it would not be amiss at this season
and all that growth in prosperity of the year to give some informa-
mean increased service to humanity, tion. regarding the proper .care and
and service at steadily lowering cost
to our policyholders."
The President closed his remarks
by his reference to the need of safe-
guarding the future of the Company,
as above quoted.
The Board of Directors of the Sun
Life is composed of the following:—
T. B. Macaulay, P.I.A., F.A.S., Presi-
dent and Managing Director;., Arthur
B. Wood, F.I.+1., F.A.S., Vice -Presi-
dent and Actuary; Robert Adair, W.
M. Birks, Hon. Raoul Dandurand', J.
Redpath Dougal, Sir Herbert S. Hlolt,
Abner Kingman, J. W. McConnell, C.
E. Neill, Carl Riordan, John W. Ross, His Honour James C. Tory,
Lorne C. Webster. Three new direc-
tors were added at the meeting—Hon.
L. A. Taschereau, Ross H. McMaster be cleaned and aired before being
and C. B. McNaught. stored. They ,should not be Bung in
the sun but in the shade where the
High Interest Rate .Earned, With
No Arrears. . _
"Even the normal earnings of a
life company depend very largely on
the rate of interest it can obtain on
its investments. The current rate of
interest has been steadily dropping
for years, and there is every indica-
tion that it will continue to drop—for
how long we cannot tell. The , out-
look for investors in bonds and mort-
gages is not encouraging. That factAnd there I'd live file a fairy story use of hair brushes and combs on furs
causes us no anxiety. We have on- In a • bower of roses and Morning should be with moderation. Combs,
listed many large groups of the g if user, should be large toothed.
glory,
baiuiest, most experienced, most ever �,nd four o'clocits would tell me the This is about the extent to which
sotto and most successful Hien on the . hours, cleaning should go in .the home and
continent to 'work for us: to maintain And even my dresses would smell if carried out frequently, it will be
our co-operation by becoming stock- like flowers! very beneficial in. the upkeep of fur
holders in the outstanding basic cor-(Harriet Eager Davis in Delineator.) garments. Thorough cleaning of the
porations of the country, so that we linings and the fur should be under-
taken by an expert with proper facil-
ities and experience. The use of
cleaningfluids such as alcohol, eta.,
are dangerous in the hands of the
amateur. Besides danger from tire,
irreparable damage may be done to
the garment.
Some cleaners, who have little or Enough as the box le one or two coverings of
no real knowledge of fur, advertise that fur cleaning is really a craft of•
fur Cleaning. Pars should only be en- its own and one 'which
sllsoul be tak- paper as seal.
e lsolnetimes persist even
trusted into competent hands. The en advantage oP
equipped furrier convenient to have fur garments i in a well cleaned and packed fur tiara -
process of the fully time as ment. They
in cleaning furs includes a consider- thoroughly cleaned a'lorirngat h is being: temperature below however
and thus
able number of operations and is gen- alterations or re
tailoring
follows. First the linings carried out, The furs will emerge-! many place their furs niac£oldl aatxgge
orally as summer
are removed and cleaned soparataly, like new replaced
worn skins can garment • Most ofe the larger f furriers are , now
easily replaced and the g
brought up to the latest .fashion l equippe�cl to handle furs in this way.
A word about storage. Do not hang i Furs aro valuable and can be tom',
hang furs in closets or wardrobes' pletely destroyed by fire. Insurance
filled with, other garments or near is advisable and the furrier attends
- to this also. Lastly one .hound see
Cut 'a wide slit to the bone in six
thick veal loin chops making a pouch.
cutlets and cook at &`low temperas
tura for one' hour of until tender. Ther,
sauce is•xnade of't 'o cups of strained"
tomato juice, half a teaspoon ot choir4
pod parsley arid one clove of garliol
Thicken by making a paste of foil*
tablespoons of flour and two tables
spoons of fat. Remove the garllo bei'
fore adding the sauce to the cutlets.
Creamed Liver,
A good way to use left -over liver
is to ,servo it in a cream sauce, Cut
one poundfried or boiled liver 1114dice. Make a pint of cream sauce and,
add to the meat. Allow the liver
cook in the ,'cream sauce for -about'
five minutes. Serve on hot buttered
toast.
Liver, Danish Style. 1.
Fry one pound of sliced beef liver.
rill this with a stuiiingmade from'for three minutes; with a few slices of
Dight slices of bread soaked in water, bacon Leave slices whole. Cover
one-half an onion chopped fine and with .milk and shake a small amount
sauted in butter three minutes, one -1 of flour (about two tablespoons) over
quarter of a pound of mushrooms it. Let simmer for half an hour, stir,
sauted in one tablespoon of butter. ring' occasionally. Season with salt
Mix the bread, which has been drain- and pepper to taste and a little nut•
ed with the onionsand mushrooms; �,eg. The dish is' very good served
season with salt and pepper and cel-
ery salt, andmoisten with a little
stock or water. if necessary. Put the
stuffing into the pouch and hold in
place by inserting a • wooden skewer
in each chop, Place the chops in a
baking dish with small' piecee • of salt•
pork in the bottom of the pan: Bake
in a moderate oven for an hour and a
half, Baste frequently with stock or
water. Remove the skewers before
serving.
•
Stuffed Breast of Veal.
Cut two and one-half pounds of
breast of veal into individual serv-
ings. Cover each' with a stuffing
made of one and one-half cups of
bread crumbs, .mixed with one-third of
a cup. of melted butter, the juice of
one onion, salt and pepper to taste.
Place in a slow oven, in a covered
roaster for one'anxi one-quarter hours.
Baste with stock frequently: Remove
the cover about five minutes before
serving if the bread crumbs have not
browned.
Veal and Green Peppers.
Wipe two .pounds ot veal cut from
the leg, and cut into small cubes and
roll in flour seasoned with salt and
pepper. Saute in butter until brown.
Pour meat and fat into a kettle, add
three green peppers cut up, one cup
of water and three tablespoons of but-
ter, or substitute. Cook very slowly
for one and one-half hours. It may
be necessary to add water from time
to time. Thicken the' gravy before
serving. Place on a platter sur-
rounded by a ring of boiled rice.
Veal a la Bismarck.
storage of fur garments.
• Furs not only collect dust but
cosmetics, grease and other foreign
matter which works down to the
leather unless thoroughly beaten or
brushed or blown out. It will be
readily understood that if these are
allowed to remain and accumulate
they will have a deteriorating effect
not only on the life of the leather
but on the beauty and texture of the
fur as well.
A good deal may be done in the
home in the superficial cleaning of
furg arments, mostlf in •tfie way of
shaking and beating. Frequent Bleak
ings are a *fairly good insurance
against moths. Furs should always
wind can blow on them.
A Garden All My Own To clean furs, they should be •shak-
Ifgrownups got little . and ,I got en -vigorously and then be beaten with
grown, a smooth, switch or light cane. There
I'd plant a garden all my own. I should not be too much beating for,
But it wouldn't have gates or a I fear of damage to the skin. A vacuum
stuck lxp hedge I cleaner may be run over them with
Or gravelly walks with a prissy "edge. good effect..Hardwood sawdust rtib-
with baked sweet potatoes.
Peppers With Curried Stuffing.
6 green peppers, 1 pound sliced
liver, 2 cups cooked rice, 1 teaspoon
curry powder,. salt and pepper. Boil
the sliced meat in ,a minimum
quantity of water until it, becomes
light In .color and firm enough. to run
through the food chopper. Add chop-
ped liver to cooked rice and liquid
in which meat was cooked. Add salt,
pepper and curry powder. Mix well.
Remove stems, cores and seeds from
peppers and parboil for ten minutes.
Fill peppers with meat and rice mix-
ture, dot each with butter and bake
thirty minutes. Serve garnished with
sliced beets.
I'd hire a squirrel to run my paths.
I'd invite the sparrows to public baths,
And sociable posies night run away
To visit their neighbors every day.
bed into a fur' and then thoroughly
beaten out will much improve the ap-
pearance and the process •can be re-
peated several times if necssary. The
"The assets have increased by $56,-
000,000, and now exceed $400,000,000.
"r,m the most wonderful of all
these wonderful figures is the amount
earned as profit—$38,000,000. How
Namethem, OCT interest account, of course,
millions more than were payable on, pears to be of Cree ,origin.
The name "Rocky Mountains" ap-
the same stocks when we bought
Indian
includes also our dividend receipts, Long before the advent of the white
ians of the Canadian
our stock holdings are already two
great this figure is may be judged ! and our record is illuminating. In man -•
from the fact that the earnings of the 1921 the average rate earned by us prairies, gazing at the glistening line
evintis year, 'in which we so re- was 6.07 per cent; In 1923 it was 6.20 of peaks stretched across the West,
called them the "Shining mountains',"
Legardeur St. Pierre in his journal,
1752, stated that tmong the Cress
they were called "Assin-watt," that is,
have therefore set aside a large part literally, "stany or rocky mountains."
of this sum to provide for future con- per cent, We, however, do not wish He translated .the name into French
tingencies. to show such a ,high rate, and as we -- "Montagnes des Roche&" -and bY
y make a charge of 5 per cent the English equivalent they have
A Great Surpiva and Contingency always g
Fund. 'against our interest earnings for in- been known.
securities 111 u estment expenses, you will note that I
Oar have been valued on I otin� only net rate, 6.4� � \otiii�t„ valuable can be l
oice-1, were $20,500,000. It would be
hardly reasonable to assume that our
earnings of future years will continue
on such a tremendous scale, and we
per cent; in 1924, 6.33 per cent; in
1925, 6.41 per cent; in 1926, 6,69 per
cent; and in 1927, if we were to use
the same basis of calculation as in
previous years, the rate would be 6.81
est by tall
a s cry conservative basis, but from �� a ale qts. 3
those moderate values we kava, per cent, after deducting that invest- lig time.
The falling t of
---Abraham.Liixcoln.' •
e-ven rose
nxeut expense, T e a ing rate ---..—,----
set
s t mettle another $5,000,00 to provide interest has .no terrors for us.'
tor market • fluctuations, malting the"The duality of our securities may
be judged by the fact that not 'one
dollar of interest or dividend on any
bond, preferred or common a:�stock
listed in our assets as tri arre.4rs for
even one day,
tote1 deduction ruder this heading
$10.0e0,000.
"Sn'e have also set aside the :follow-
ixig ainouuts:—
" L further $1,500,000 for unforeseen
contingencies, raising that fund to
$12,500,000; $500,000 to provide for Busines Doubled in Four Years,
possible greater longevity of annuli- The i7os'ition we have attained justi-
ants,. raising that item to $2,000,000; `fies enthusiasm, but we must alvrays
and $ ,300,000 to increase our re- look on the present as a mere vantage
servos on topical business; besides ground from which to plan for the
writing off another $1,000,000, on our future. What is that future to be?
Head Office and other buildings. Year after year we have been con-
owe
on
" � e have, distributed $11,100,000 in fidently predicting the glorious future
proiite to our policyholders, and have yet to conte, and that promised future
also set aside $6,200,000 to cover pro- is now unrrelliug itself before our
fits accrued on policies, eyes in all its greatness and strength,.
"After providing for all these But what of to -day's future? I have
amounts, we' have added' 811,000,000_ just been leading my own remarks of
to our;.tindivided surplus, raising that two years ago, and already the figures
stun from $34,000,000 to $45;000,000., of which: we. were then .so proud look
Scale of Profits increased for. small and outgrown. We have doub-
Eighth Successive Year. led in size now every five and a halt
"The anntirtincementt, howev r, that Years since the Company began, belt
will be,,Neef' ed with the' greatest en our last doubling has taken only torr
tinges= is that for the eighth con.- years, and we are to -day growing
secutive year we have increased the more rapidly than ever before lin our
,scale M profit payments to our polity- history. I predict that the figures of
two years hence will snake even the
figures of to -day look small and out-
grown in their turn.
Sun Life Sets Its Own Pace..
"People sometitnes say when speak-,
ing of our progress—"Yes, life as -
Holders. The basis, of distribution
for 1920' will call for nearly $900,000
Moro than., would the basis of last
. year.
Profits of l'olieyhoider'fi ifilexeelled
in the world,
„t�, o r can already • lread say that in Profits anilines is growing wonderfully. So
•abieuesss to our policyholders, we are Iit is butt the Sun Life is dot content
'WA excelled by any; lire donipa. kin to grout only' at the rate of life assur•
• Buy two .and a half pounds of veal
from the round. Cut into pieces of iva -
dividual servings, Roll in breadnd 'ter,
'a
ering of
the coolhe aed on
rin
plat -
crumbs,, then, in a beaten egg, a ' and ep cooked
the man the
then in crumbs again. Fry in four !centre,
tablespoons of fat until brown ve bide !liberally letlxand serve.eese. Garnish
sides. Pour tomato sauce
•
the kind and condition of the skins.
The fur is then .vacuum cleaned by
blowing and suction after which saw-
dust is moistened by a .cleansing fluid
such as highly refined naphtha or etc.,
benzine and rubbed into the fur- 'vigorous shaking and beating,
After the dampened sawdust is rub- before puttng ay furs. They ly dhoucora-
powder
bed into the fur until the grease, then be wrapped
powcler'rouge and other materials pletely in a good paper covering (tar
have been cut by the cleaning solu- paper and carbolized paper are some -
tion, the garment. Is shaken and beat- times used) scattering some naptha-
en again. The fur is then paced n a line flakes, camphor, meth balls or
figure and glazed with water, cane cedar shavings in them. Plenty of
being taken so that thew ater will moth preventatives should be used.
not soak into the skin, and ironed Wrap the package in a second wrap -
with paper between the iron and the ping of heavy -paper or place in a good
skin. Finally the cleaned fur and paper bag and store, in a dark cool
linings are brought together again. closet of in a box with a close IIttirtg
h been indicated to show lid. Some careful persons even wrap
Liver, Macaroni and Cheese.
1 box macaroni (9 ounces), i�': pound
American cheese, 1 pound calves'
liver, 1 clove garlic, 1 teaspoon Wor-
cestershire sauce, salt, Paprika, 1
Spanish onion, 4 slices bacon, 2 table-
spoons flour, 1 pint of water in which
macaroni was boiled, 1 green pepper_
Break the macaroni in short pieces
an dput into one and one-half querns
of boiling salted water, Add the sliced
garlic and boil until tender, Then
drain into a hot dish.
Cut the liver into half-inch pieces,
removing all outer skin and tough
fiber. Cut the onion and green pep-
per into fine pieces,; slice the bacon
into kuarter-inch pieces and fry until
nearby., crisp; then add the onion and
pepper and saute uutil soft. Add the
chopped liver and cook until the liver
is done. Theis. add the flour and
brown slightly. Add the macaroni
nnacaroni water, season with salt, pap-
rika and Worcestershire sauce. Make
es—
fires and radiators. This applies
especially to wet furs; there • are na-
tural oils in furs and beat softens
the leather. Attention, has already
been directed to the desirability• of
Then the fur body in tumbled over
and over in a revolving drum and
afterwards laid on a padded table and
whipper! or beaten. The duration and
severity of these actions depends on
that the storage receipt and inset, -
once .vapors are placed in a safe
They Evidently Studied Farm.
IF ';e O?°C SIl S •I place, preferably the safety deposit
vvu'' bolt.
A Proud Mother
•Gold Enblern Awarded,
TV1rs, Lindbergh for, Her
"Modesty" and Abil-
ity as a Teacher
Washington—Por "characteristic3
of moclesty and idealism and out-
standing work in the teaching pro-
fession" Mrs. Evangeline Lindbergh
will receive .the award of a gold ant
bfem and life membership from the
National Edueatioh. Asspcation at its
'convention •in Boston March 1.
Secretary J, W. Crabtree, of the
association, Who signed the certtfi'
tate,• said: • t
"It is a source of distinct pride, to
tl:e teachiu . ,nepf e se Ion that the
youth whom the nations have so sin-
gularly honored is the son of a fel-
low -worker." ,.
The testinienlal to shire, Lindbergh,
representing° • the high regard •. In
which 'she is held by tror"e than ,one
hundred end. eighty' thousand teaeh-,
ers- in all parts of the country, is to
be protented while her son, Colonel`
1.,indbe'glh, looks on, lust as she hall
looked on while the world heaped
honors on him„,
CANADIAN I=Ar4MEAS MIMI- CO MEDIAN
The Canadian agriculturists visiting iinglatid ci toyed. a jolts with Osage Robe'
seeing a performance of goboy's Revue, "Bits and Pieces."'
nil M ivie Blanche after