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TUESDAY, APRIL 11, 1939. 43,457,484.1`J 3,330,151 Page Eleven ."1..I7u.".'u,ua al LJ_y Lll_\.AblDL1 Dy Group policyholders. '-"he tr; 1`; amount of 1\/Ietropdxitan life insurance in ;"Jr<:: in ianada at the end of the year was 5~l1.143.SI'>7,1.3;) of which 311. )L;f3,55(),427 was held by Ordinary policyhz`,-ldera; _w-;i!.5'-'.l},027 by Industrial policyholders and S`}`i,73U,07( M. r*_..,-.....\ nn1:my1nn1.-Em-e The total number of nursing visits made without addition:.'. cost to our Canadian policyholders during 1938 was 385,674. A. 4. A. Payments to Metropolitan policyholders and beneciaries 97" in Canada during 1938 were S30,-x.u,8'-H. 4. . 4. 111 \..:nau.: uul A115 A_7uu vv\.As. w./uv,-u. `\z4 ... _ "_ " _ . . HARRY D. WRIGHT Metropohtan health pubhcauons d1str1buted m Canada second V,~_.e_p,eS,-dent and Manage, during 1938 totalled 3,793,002. for Canada. JOSEPH P. KNAPP, New York. N.Y. Chairman of the Board Crowell Publishing Company FREDERICK H. ECKER, New York, N.Y. Chairman of the Board Metropolitan Life Insurance Company vr\vv\v A `van v\l`r\l'I' -.-..... -,..... -.... _..- -..-......._- __... JOHN ANDERSON, New York, N.Y. Chairman, Executive Committee Charles Pzer &. C0,. Inc. ALANSON B. HOUGHTON. Corning, N.Y. --v.-`pa-cw-v 7 us any v .`vnv-n-r MITCHELL D. FOLLANSBEE, Fhirnan T W11 1 Kl'1lLL4L4 IJ. 1`\JL414l\lVDDC.l4, Chicago, 111.. Member, Follansbee, Shorey and Schupp Attorneys at Law JOSEPH P. DAY, New York. N.Y President, Joseph I`. L`-::y, Inc., Real Estate LANGDON P. MAIZVIX, New York. N.Y. Member, Emmet, Marvin and Martin Attorneys at Law FREDERICK H. ECKER, Chairman of the Board The Metropolitan Life Insur- H'GHI'lGHTs ance Company is a mutual com- OF 1938 pany. It is operated solely for the benet of its 29 million policyholders, whose life insurance with this Company totalled over $22,612,000,000 at the end of the past year. 1"`,__ H , `i In bazulzlia METROPOLITAN LEFE INSURANCE COMPANY The Metropolitan is a mu: holders, and any divisible ; L`v".':::'ig-3 O L. A. TASCHEREAU. n....t....- r*;..-mA_~. CHARLES M. SCI-IWAB. New York, N.Y. Chairman of the Board Bethlehem Steel Corporation WILLIAM L. DCBOST, New York, N.Y. President, Union Dime Savings Bank JEREMIAH MILBANK. New York , N.Y. l3'ALTON CORRY COLEMAN 1\lYnn!r:--11 Fnnadn, NEWCOMB CARLTON, New York. N.Y. Chairman of the Board Western Union Telegraph Company In 1938, more than $566,300,000 was paid to policy- holders and beneciaries, and $176,000.000 was added to statutory reserves for payment of obligations which will accrue in future years under present policies. Dividends paid in 1938 amounted to $103,940,000. A still larger sum-$118,042_,000-has set asid-.. or dividend payments in 1939. 4. A. A naL.ru:.mc.nu . Quebec. Canada, Member, Taschereau, Parent, Taschereau and Cannon, Attorneys at Law )'AL. 1 UN LUKK X LULXLXVL Montreal, Canada, Senior Vice-President. Canadian Pacic Raihvay mutual organization. Its assets are held for the benefit of its policy- 1'bIe surplus is returned to its policyholders in the '1'o1-In of ::3F:m7dends. These hi;-gh1i,.i`Lr`s of the Cor:7_,3e;;*:_y"s bu;--:z'.ne:3s in the Dam" " .v.{*.rr.r1 `(having been 1'nCIud..-CI in the above s`:2t5.rn.r:.n:'s) will be of par'2'Cu7a1` fnferest to 1Ietropo.71'ta11 s Canadzan _,:`-o11cyho4'd::.v's and the-.rL-` benejiciazies. `.=overnment Securities. . . . . . . U. S. Government . $868,608,893.l6 Canadian Govern- ---L R -'. '4`,.I_1'2 '7? ".5`5ei"G:1`:dS. . . U. S. tate and 1\.Iunicipa1 . Zarlaciian Provincial and I\/Iunicipal . ""iai`.roac1 . . . . . -33531. In:`.='.1:_ .-cz; real estate for Co:.nj;.a.1y 1 Lzaans on Real Estate . . . Farm.-".. . . . . . . $73,800,886.26 Other property. . . 905,76l,237.77 ..-arms; cm .?"u`iia:ir.>.n . More than $1,800,0-00,000 of life 1'nss1ra1-.:_:- :32`: T- fection was provided by the 3,330,151 new poI1'c;': _ issued during the past year. ,1 , ; ....... ...C A Lt..A\.AA\ G Lznrantced. Home Office: PQZIW YORK i.i"e imazraszce in Force Ordirxary Industrial Accident and Health Insurance Veck1y'.')c:1cfits` . . . . . . . Principal sum ben-: CANADIAN HEAD OFFICE .4 3.3 pa rt of its welfare program in 1938. Iv'[ . u-..,:ri`3uted 68 million health. boc?i~:1::"c3--am aV~.`:::-age c 1: 1 every h:11fvseconLi--and published mont`11y hr:-9 w`"`tim1 adver ::i>=.r,mentr= in mag;-.:i:1.s whose r:om`:`>i us <...(.~ ".rcL11:11_":cn for 't'.:-:% 3,'t*'.` was C'."31` 300 million CC'jji:.`.':. -DIRECTORS~ TTne Barrie Advance TO TAL O T TAWA 108,817,444. /1 s.'::;`::m:i.-zg and r3:`-."`:.,'-2" .-1:2 a4,G74,718.06 ;:::..,.:.crue:-2,e:c. . . . 60,181,S76.49 Me tr0p0litan s Business Report far the year ending December 31, 1938 ASSETS 117,430.070.53 104,610,612.32 59C),984,033.7l 589,927,007.34 363,590,247.39 Metropolitan has paid, since 1927, zrzore tho` 5,000,000,000 to policyholders and bene1`Icz':'ri;:._ 65,310,453.73 LEROY A. LINCOLN. New York, N.Y. President, Metropolitan Life Insnranun Company HARRY W. CROFT. (`.-nnnunir-In (`nnn_ THOMAS H. BECK, New York. N.Y. President, Crowcll Pubshing Company WALTER EWING HOPE. New York, N.Y. Member. Milbank. Twted and Hay: Attorneys at Law SAMUEL W. FORDYCE St. Louis, Mo. Member, Fordyce, Whitt. 1\dz1_yn:.. Williams and Hartman, Attorneys at Law CARROLL B. MERRXANI. 'I`nnp\r:n Rana '1.`\1 W. KJKLJI` 1. Greenwich, Conn. .'AKx D. xvxnnn Topeka, Kans. Director. Reconstruction Finance Corpora- tion. and Chairman of the Board. Central Trust Company of Topeka $933,919,346.89 Statmury Policy Reserves . . . . .$4, Amount which, with interest and future premiums, will assure pay- ment of policy claims. 1,768,541,971-29 Dividends to Policyhc-!ders Set aside for payment for the year 1939. Reserve for Future Payments on Supplementary Contracts . . Heidorclaisns . . . . . . . . . Lincluding claims awaiting completion -of proof and estimated amount of amrepor-ted claims. 0the:.'!7 ealiey Qigiigazicns . . . . . . Iinclu-ing -mservvs for Accident and 88,452,-177.3)" Health Insurance, dividends left wits. Company, premiums paid in 979,562,l24.D3 ..adva-nee` Etc` ilismeiianesus Liaiaiiities . . . . . . Liabilities not included above. 526,263,387..92 )n I 1Q 7 .`. 7f\ '.\'\ Assets held for the benet of pellcyllolders and i'\eneciaries-which include more than 100,000 carefully 1 cite: diversied investfnen`ts~-amount cc n`-.-:>;`e the. 1': f. ..`J{?0.000,000. . $4~,94'3,900.416.`.38 $11,55=3,5.`61,130 7,550,316,755 3,505,825,799 $'22,612,403,594- 392,1.87.370.'. Z`. ;=;1s._-:; '7'OT"1" $1,449,927,2) J Numb-:1" t`\-.`-"..n:'.-\v life policies issued 1\/ .'{e`t2`t:v1;2J'f"1`L.'c1Xx `:L':c':'stn*xL~x1'cs in Canada as of December 31st, 1':3.'3?:7. 1r)i.z:"\1L*d. '~`3:!f'a7,7?iX,(?39..S2. The total amount the IV/letropolitan has paid to Canadians since it cntezzed `Canada, plus its present investments in Canada, cxccek the total of all premiums received from Canadians by more than I-. i.~..MI'5'{)i.).l)i)0. .Prov"mv:ia1 and Mtlnicinal BC-mls .Dominir)n Government Bonds . All other investments '..:.-k:'i.:r .-`:=3li'te.n `welcomes eve.~"y op~;.._-*tL1:3l -_y '9: ; -;u-.."-".3::` 2';1~:;3.r.iers: v-/ith i117:`0:'x712:tir;t'; tlrar. will en-7-=1-:= them 1~.:`~:e clears:-r understanding of how the Company '1 ;=.::; To help .\ccom;:li.11 `this, the Company is `-.e-:`-ring series of educational adver1"=.~'_-ments in *~ "f`.Z':11tE"~3. esgri seeks in various other ways to I-::ep its ;:'-.'.:'_.'l.u;lo'-:i`.< ;.; formed. A bo=3"1et, soon to be avail- ;.+,- contains a. detailed account of Metropoli'tan s '>:;t`ess in 1938. V`/e shall be glad to send you 3 copy . L ;3,v`~-1est. i LEROY .A. LINCOLN, F K-"'2y'm;:;2a`t=. ta Beneciaries and r'cs:cy1t:?:.'ie:.. Ordinary . . . . . . . . . . . S'241,946,6-13.12 Ind1\::r;`.1a': .. . . . . . . . . . . 3-`$0,990,746.63 Group .L1f<:, I-Iezilth, and Annuities 60,703,229.57 `r:=.rsn.ns| Accident and Health . . 2,715,671.05 ........~.~. This S\:nVS as a margin of safety-- ;-) cushion against contingencies ".v.b.ich cannot be foreseen. "TO TAL GEORGE MCANENY, New York, .N.Y. `Chairman v':d'1he Board 'Tit1c`Gu1r:an=tce and Trust Company ROBERT V. l"..`T.MING, `Wushingtm . Y` C. Pr<:s`.dcnt an . 1" airman of the Board :R1_g[zs Nation: 1 Ba: 1: EFREDERIC W. ECKE it, New `York. N.Y. `Via-.--President (Mmropolitan Life Insurance Company WVINTHROP W. ALDRICH, New York. N.Y. Chairman of the Board Chase National Bankof New York 'EDWARD R. STETTINIUS. Jr., New York, N.Y. Chairman of the Board United States Steel Corporation LIABILITIES President S 65,310,-153.73 S104,610.l')12.32 S 97,S59,973.77 .$4.317,868,342.0'J .S4,942.900,416.'_' 118,042,832.01) 313,391,071.':'_'- 90,504,44 .4". 21,1S5,521.`_`:;` 38,480,722.2i