Zurich Herald, 1933-02-09, Page 2Canuda Life Assurance Co..
Enters Eighty -Sixth Year
In Strong Position
Safety and stability are first and
foremost, the keynote of our tradition-
al policy," Leighton McCarthy, Pre-
sident of the Canada Lige Assurance
Company, stated at the Company's
85th Annual meeting recently,
In reviewing the Canada Life's se-
cure financial position, Mr. McCarthy
described the Baia,nce Sheet as "a
i^ery strong one." In this, total assets
are shown as $216,886,246.26, an in-
crease of $12,110,226.77, During the
year the Company's already large pro-
portion of government, government
guaranteed and municipal bonds was
increased by $14,995,119 to a total of
$56,369,177.85. In common with the
experience of other companies, de-
mands for policy loans and cash sur-
render values were heavy. In this
connection Mr. McCarthy said, "All
demands have been taken care of
from the ample resources at our dis-
posal, and we have not sold a security
to provide funds for our disburse-
ments."
Surplus funds and special reserves
of the Canada Life are $8,287,758.59
after writing down securities by $846,-
061.06. Reserves for special con-
tingencies have been increased to two
million dollars.
New business placed on the com-
pany's books during the year amount-
ed to ever $80,500,000. This is not as
high as the volume of new paid -for
business in some previous years, but
being made in a period when financial
conditions were badly disturbed, the
total was described by Mr. McCarthy
as "a tribute to the well -directed ef-
forts of our associates in the field."
Annuities Increase
The sale of annuities increased by
over $2,000,000 'and amounted to $7,-
780,298. Total business in force
amounted. to $926,389,982, which is ap-
proximately three times the amount in
force only ten years ago.
Total income from all sources
amounted to over 50 million dollars.
About $80,000 per day, or a total of
over 29 million dollars for the year,
was paid out in death claims, matured
endowments, dividends, annuities and
cash values for surrendered policies.
The interjection of this 29 million
together with similar distributions
made in 1931 of 25 million, and in 1930
of 23 million, making a•total of 77 mil -
hen, into the daily activities of the
general public, in addition to the flow
of funds into policy loans and invest-
ments, is the Company's share of 6?i:
How the King: Spends
His Yearly Salary
The Crowle of Britain is the che ap-
Ist monarchy in the world.
The taxpayers actually make a
profit of £740,000 (about $2,960,000)
rut of the financial relations between
the King and the State, for, though
the Ring draws a nominal salary of
£470,000, ($1,880,000) he voluntarily
relinquishes every year £1,210,000
t 4,840,000) in revenues from the
Grown lands.
The"King's real salary is £110,000
j$440,000) a year. The rest of the
Divil list total is earmarked for
salaries, expenses, and upkeep of the
royal households and palaces. The
billions of dollars which life insur-
ance eontributed during the three
years of depression to the agility of
individuals on the American continent
to survive the ordeal of these difficult
times,
Defining life insurance as a "co-
operative association of individuals,"
Mr. McCarthy declared it to be "a
great social asset and the nation is
benefited by its wider spread."
General Manager's Address
One of the main features of the ad-
dress of A. N. Mitebell, General Man
ager, had to clo with policy loans.
"Experience has demonstrated," Mr.
Mitebell said, "that a policy with a
full value borrowed is in a much
weaker position titan one with a mar-
gin of value Left.".. Policyholders he,d
recognized this and during, 'the year
had repaid over $2,100,000 .on policy
loans.
"No man who has a loan upon h]s
policy can afford to neglect.makirig re•
payment, of that loan," it. stated,
"when he realizes that sudli a repay-
ment is an absolutely sure•inveetmpnt
at 6%. Moreover, the ichabilieation.of
the equity cif :lila policy again places
him in readiness for any similar enter-
gency in the future:
"In the Company's own direct Vit.-
ten
ritten business, excluding reinsuranees
and Group, the reduction of business -
in force has been approximately 2%%.
Fortunately this reduction in business
in force has been accompanied by a
very favorable reduction in expense
ratio, whether based on total income
or on net premium income. This and
other factors have resulted in earn.-
ings from the year's operations $6,-
964,739.32, while the assets were in-
creased by $12,110,226.77.
The total result of the combined
operations for new insurance• and an-
nuities is that the total net premium
income for the year was slightly over
37 million dollars, as compared with,
somewhat over 38 million dollars in
1931. "These figures," Mr. Mitchell
stated Probably give a truer picture
of the Agency results than a coma
parison of the sums assured and an-
nuity considerations."
An increase of 575,000 pounds sterl-
ing over the business of 1931 was an-
nounced foree.h„,, British Isles Division
—the,,totals being 3,460,000 pounds
sterling in life assurances and 1,175,-
000
,175;000 pounds sterling in annuities. This
increase meant 440 more cases than
in the previous year.
sum of £13,200 ($52,800) is ' spent
every year on royal bounty and alms,
apart from- personal donations of the
Ring' and Queen.
Only two of the royal residences,
Sandringham and Balmoral, are the
King's private property.
They were bequeathed to him by
Ring Edward.
".Weapons have. never been the
mother of tranquillity; they were
ever the child of fear."—Guglielmo
Ferrero. •
'The language of science is the
same throughout the world." —
Charles 2,r. Schwab.
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• MurderitE:rid g'
By ANNE A UI9T 1 N.
e r s raw -.-ow s w w awe s e• dw sw+
SYNOPSIS
In the murder of Juanita $ellen there
are six possible suspects, all guests at
her bridge party, Judge Marshall, owner
of the gun;' John Drake, Flora titles,
who was in Nita's el.set at the time of
the murder, readini, a note she thinks
is from her husband; Clive Hammond,
Polly. • Beale and Janet Raymond are the
others. Dundee'bclieves that Nita, rec-
ognizing someone in a group picture,
came down to . lackcnail, receiving :9,-
099 and a bullet; and he warns Dexter
Sprague to drop thescheme. Penny
.Crain,.tel1s:him 01, an ilrrprernplq.br'idge
party at Tracey Miles' home to +,hiohi
Sprague came uninvited, fueling,. a, tact
less reference to Nita's death?. 11'enny fy,
interrupted by .a telephone message that
there las been another murder.
- CHAPTER XY.�'Z "`
"Dexter Sprague has beeli-tee rder-
ed," Dundee answered the terrified in-
quiry. in Penny Crain's brown eyes.
"The body was discovered aecut nine
this morning by one of the Miles'
maids, in what you described j' st now
as 'the 'trophy room. .. Shot --just
below the breastbone, Captain Strewn
seees. ,
T"The'trophy'room!".Penny repeated
in a lazed, slow voice. "Then—that's
where he was—all the time; after he
disappeared so strangely 1tst night"
"Whoa, Penny!" Dundee cried, his
voice sharp :itrith excitement "Get
hold of yourself, darling girl! You're
shaking all over . . I want to know
everything you know. Go right' on
maybe. She cane back alone, saying
sae had found Karen in her bedroom
—Flora's room, of course—crying in-
consolably. Flor., told Hugo he'd bet-
ter go up to her himself, sante she
evidently had her• feeling., hurt be-
cause he hadn't followed her in the
first place. Tracey, who wasn't play-
ing bridge, you remember, because he
had given up his place to Sprague,
asked Flora she'd seen Sprague,
and. Flora said, in a surprised nice,
"No! I wonder where he is all :this.
time," and Polly said that probably
he'd gone to the lavatory, which opens
into the main hall and is next to the
library: . :Well, pretty soon Judge
Marshall and Karen came•):ack-"
"Pretty soon?—Just how long was
Judge Marshall gone?" Due •.ee press-
ed he:, his pencil poised over the
notebook he had snatched from her
(desk
".I can't say exactly!" Peney pro-
tested. "I was playing again at the,
other table., L. Suppose it was about
10 minutes, for Ralph and I had made.
another rubber, I remember.
Anyway, 'Karen ' was ' smiling • like • a
baby that has had a lot of petting,
lint slie''said Hugo had prdnsised, Iher•
she -wouldn't have to 'play bridge• any
more that evening, so Flora remained
with tlrat'story you were telling me?" " at that table, playing opposite Hugo,
"Poor Dexter!" Penny groaned, cow while Tracey played with Polly.-- As
soon as Tracey became dummy, Flora
ering her .quivering face with her suggested .he go.look for Sprague."
hands. "To think that he was dead "And how long was he parte?'
all the time we were saying such hor-
rid things about him—"
"Don't waste sympathez or him,
Fenny!" Duridee cut in, his voice very
gentle. • "If he had heeded me warn-
ing Monday he wouldn't be dead now."
"What do you mean?" Penley gasp-
ed, but she was already trembling less
v:,rlentiy. "Your warning—?"
"I had a "strong suspicion that he
was :,fixed up with Nita in her black-
mail scheme, and 1 took the trouble to
warn hint not -;to try to carry on with
it," Dundee explained: "Can you go
on? I want to get out t; •{h- Miles'
house as soon as 1 can." " • '
"1 think: • I can go on now. Where
was I?"
"You'd just told me about Spr=ague
warning Karen not to leave the' tablespend the whole evening—"
when she became dummy after Judge "A first class row, eh?" Dundee in
-
,when
little slam bid ir, spad4s." te'rrupted, with keasi_ intene,t.
"I :remember," Peace' said, presspag "Rather! Flora almost cried, said
her fingers .into her temples, 'Terre Tracey knew good and' well she had
I arelf did leave the : tabIap ,: When only been playing up to Sprague be -
Karen
Sprague said that awful thing, poor 'for.•e•,Nita's death in the hope of get -
Karen burst:; into tears and ran from ting the lead in the Hamilton movie,
the porch into the living ratan. Judge and Tracey said, `So you call it play -
Marshall started to follow her,` but ing-up, do you? It looked like high -
Sprague halted hind by apologizing powered flirting to ase—or maybe it
very humbly, and then by adding.: teas. 1, wse than a flirtation!' .. Then
`I'd really like to see you play this Flora told hint he hadn't acted jealous
hand, sir. 1 believe I've got the cards at the time, and that he knew he'd
tc set you with.' have been glad if she's got the lead.
"Of course ue could not have said Well, just then along came Janet—"
anything better calculated to hold "How did she get in?"
Hugo, who, as i said, is a regular "She walked over from her house,
fiend when it comes to bridge... Well which isn't very far trom the Miles's,
Hugo played the hand and made his
little slain, and then he again started
to go look for Karen, but Poly, who
was Sprague's partner, you know, told
him in that brusque way of hers to go
on with the game and give Daren a
chance to have a little weep in peace,
Probably Hugo would have gone to
look for her anyway, but just then
Flora came back. She said Betty was
asleep at last and that her temper-
ature Was normal, and when she heard
about Karen, she offered to take her
hand until Karen felt like coining
Pak.."
"What did Drake do then': He'd
been playing anagrams with Mrs.
Miles, you said," Dundee interrupted..
"Don't you remember 7-1 told you
Johnny had taken Peter's piece at our
table after Peter refused to breathe'
the same air as Dexter Sprague,"
Penny reminded him. "Ralph and 1,
Lois and Jokrnne were playing togeth-
er, and aagia at the time I became'
dummy, Sprague became dummy at
the tither table. He rose, saying lie
had to go telephone for a taxi, and
l,assed from the porch into the living
room,"
"Where is the telephone!"
"The one the guests use is on a
table in the hall closet, where we put
ou: things," Penny explained. "You
can shut the door and hold a perfectly
private conversaton Well, we
never saw Dexter Sprague again!"
"Another bridge dummy ,anrder-
ed!" Dundee groaned. "At least the
newspapers will be happy! ...Didn't
anyone go to Ioo1 for him after the
hand was played?"
"Not straight off," Penne answor-
ed, "Let's see— Oh, yes! That hand
was played out before Ralph had fin -
lobed playing hien, at our table, so 1
was tree to pay attention to the ether
table. Flora said that since they
eouldeft play another hand until Det-
ter came back she thought she'd bet-
ttr hunt up Karen, who hadn't come'
back t,"
"Hoyew' hong• was Mrs. Miles away
Froin the ;porch?" Dundee asked quick -
"Less than no time. He was back
before Polly had finished playing the
hand. He said he'd gene to the hala..
closet, where Whitson, the butler,
would ' have put Sprague's hat • and
stick„ and that he had ,found they
were gone. Trace; said he supposed
.Sprague had ordered his taxi and had
decided to walk down the hill to meet
it, andadded that that was exactly
the kind of courtesy you could expect
from a cad. Flora spoke up then and
said it was no wonder Dexter had left
without saying goodbye, considering
the way he had been treated. . Then
Tracey said something ugly and sar-
castic about Flora's being cisappoint-
ed because Sprague had decided not to
"Oh, I don't know -10 minut.
ISSUE No, 5 '3
and simply came up the path to the
porch," Penny explained. "Tra:ey
asked hex if she had seen Sprague on
the road, and she acted awfully
queer. Exactly as she would act,
sincee'she was in love with him. She
turned very red, and asked i; Sprague
had inquired for her; and Flora told
Ler he hadn't. Then Janet said she
was very much surprised that Spra-
gue had been there. Then Lois said
shh 'd go and fetch Peter from the
library. She came back—"
"After how long a • time?"
"Oh, about :ave minutes, I suppose,"
Penny answered wearily. "She came
in, her arm linked with Peter's, and
h-ughing. Said she lad found hint
reading a `Deadwood Lick' thriller..
One of Tracey's hobbies"—she
broke off to explain, --"is collecting old
thrillers, like the Nick Carter, Buffalo
Bill and Deadwood Dick paper -bound
books, Well, Flora gave up her place
to Janet, and again played anagrams
with Johnny, Peter taking his origin-
al place at our table. Suddenly Polly',
threw down her cards—she'd been
having rotten luck and seemed out of
sorts—and said she didn't want to
plce• bridge any more. So poor Flora
LE]GHTON'McCAR' HY
president of the Canada Lite Assur-
ance Corn iany, whose address aVthe
ep i iany'e annual meeting disclosed
:oiother successful year's business.
ORANGE PEOE
"Fresh from the Gardens"
eel
had to be the perfect hostess and
switch from anagrams to bridge."
"And Polly played anagrams with
Drake?" Dundee prompted.
"No. She said she thought ana-
grams were sill,, and wandered ofd'
the porch and down the path, calling
over her shoulder that she win going
tc take a walk. Tracey asked Jolnny,
if he'd mind mixing the highballs nud
bringing out the sandwiches. - Said
Whitson had lift a thermos bucket of
ice cubes on the sideboard. Told him
he'd find decanters of Scotch and rye,
d to bring ant both."
"So Drake left the room, too," Du"r-
dee mused. "How long was Poly
Beale gone on this walk of hers?"
• "She came in with a pink water lily
said she'd been down ' the lily ponds,
and that lora had enough to spare her.
o. e," Penny answered. "She euuldn't
have been away mode than tea min-
utes. After we'cl had cur drinks and
sandwiches, we went on with bridge.
Tolly and 'Johnny just•.wandered about.
or watched the game at tee two
+'table's,• And .about five nnnittes aftee
11 Clive Hainnit nd arrived,- coming
up the path to the porch, just as Jauet
had. After he carne the,ee was no
more bridge, but we sat aroatatl on
the p nreh and talked until midnight.
Clive said he was too tired to play
bridge --that he'd been struggling ail
evening with a knotty problem."
"I can sympathize with 'him!" Dun-
dee .said gi;in}ly, as he rose. "I've got
niy own knotty problem awaiting me.
When that call conies through from
Chicago, tell Sandersbn the bad news,
and say I'll telephone hint later,"
(To be continued.)
Fisherman Hooks Relic
Of First Ocean Cable
Cape Ray, N.F.—While hauling his
trawls off here recently a fisherman
dragged up from the ocean floor a
fragment of the first submarine tele-
graph cable used in American waters..
it was a piece of -the line laid in 1355
by Professor Samuel Morse and Cyrus
W. Field between Aspey Bay, Cape
Breton, and Cape Ray.
The cable was manufactured in Eng-
land, the first stranded conductor ever
made. Despite'its long immersion, the
insulation retained its odor of gutta
percha.
Until 1866 the eastern extremity of
telegraphic communication was Cape
Race.'Off that point westbound ocean
liners dropped overboard canisters
containing European newspapers, dis-
patches and telegrams from passen-
gers. A boat was always stationed.
there to pick up canisters, There
newspaper men condensed the dis-
patches and put them on the wire,
bringing news of world events to New
York ahead of the steamships.
"Why should I come back to the
theatre? I would prefer to be re-
membered at my best."—David War -
field.
•
A. N. MITCHELL
General Manager and -a director of the.
'Canada Life Assurance Pompeel y eweeu
at the annual meeting, gave dead - ,,:,
the company's progress iu 15
German Inventor •Perrect
Radio Fire and Ship Alan
Berlii;.—The first r'ir eless fIrd.niurre
in Germany, the invention at the tad? •:
technician, Dr. Ristow, has just been
put in service in \\'annsee, u' $oburl:
of Berlin. A push on a button at the
central lire station sounds the Mara
at all others, and et,the same time
rings alarm bells in the lioine r i�f ai
the members. -of the 9uxiliary , ol9n
teer fire brigade.
A wider field of application is cardial
ed for the invention. If, for example
a steamer has only one wireless optr
ator and lee is ort duty, a hundrot!
S
0 Ss may stream into the ship'a
antenna and remain unheai' 1, ,as lea::
-actually happened. The rie'v-''device .
however. makes it possible to conneei
the receiving apparatus with )]ells et,
the officers' cabins and the ringing tea,
the alarm would bring the radio aper
ator promptly to his post.
QrhItg '• es
�"�
"Na, 1�es
oWback
you•\t • ,
h?ave h¢s Youe
•
of
a\ce a 3\ ass \
foonesor is3
dfiet
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t�,�il�'�R►fT�1
TRADE -MARK REG. IN CANADA