The company changed that five years ago. It then ceased doing business in Canada on the assessment plan, and lias since been doing it on the straight-life plan. In the meantime there are no young lives coming in, and the men in the company are getting older while their premiums are getting larger, and they are dropping out iby the score. It is to protect these holders that I am supporting this Bill. Here is a Bill that purports to be in the interest of the policy-holders, and it is our duty to examine it and see whether it is in their interest or not. This circular was issued on May 21. At that time the Bill was slight ly different from what it is now. Since then it has passed through the Senate and has been examined by the insurance authorities -by Mr. Fitzgerald on behalf of the Insurance Department, by Mr. Bradshaw on behalf of the life insurance companies of Canada, and by Mr. Eldridge on behalf of the company ; and now it is up to us to say whether we approve of the Bill or not. Let us take up the Bill clause by clause and deal with it. If it can be shown that it works injuriously to the policy-holders, let us defeat it. I am not trying to conceal anything, nor had I any purpose in abstaining from reading that document other than to avoid wasting time.
Topic: EFFECT OF THE BILL.