H.—l

6

29. In the following table are shown in quinquennial age-periods the numbers of lapses among those who were sick and who were not sick, respectively, during the quinquennium preceding the date of valuation. Of 6,681 members admitted before the quinquennium 212 died. Of the remaining 6,469 the number sick was 2,767, and the number not sick 3,702. Of the 2,767 who were sick 220 lapsed, i.e., less than 8 per cent. ; and of the 3,702 who were not sick 1,364 lapsed, i.e., more than 36 per cent, Of 5,246 members admitted during the quinquennium 26 died. Of the remaining 5,220 the members sick and not sick were respectively 864 and 4,356. Of the 864 who were sick 82 lapsed, i.e., less than 10 per cent.; and of the 4,356 who were not sick 1,534 lapsed, i.e., more than 35 "per cent. These figures illustrate the adverse effect of lapses upon the average health of the members remaining in the society, and support the argument that no allowance can safely be made for possible secessions which, although affording an immediate gain, may yet result in an eventual loss by reason of a higher average sickness.

Table of Secessions from Societies valued in the Office among those who were Sick and not Sick respectively, during the Quinquennium preceding Valuation, in Quinquennial Age-periods.

30. The following table contains the sickness experience of women members of the 1.0. E. and S.D.T. societies. The total is greatly in excess of the expectation. As might be expected, in consequence of the small numbers, there is great irregularity in the average sickness per member per annum at the respective age-periods. Indeed, the numbers are too few to render the statistics valuable.

Comparison of Actual and Expected Sickness of Women Members of the I.O.R. and S.D.T. Societies during 1888-92, in Quinquennial Age-periods.

31. For the valuation of widow and orphan societies, present values of contributions and of widows' and orphans' benefits have been calculated from New Zealand statistics of mortality and orphanhood. The numbers living and dying at each age are taken from an unpublished table of mortality (male lives) compiled by Mr. George Leslie, Assistant Actuary, Government Life Insurance Department, and based on the numbers living at the census dates in 1881, 1886, and 1891, and on the deaths daring the years 1880-92. The numbers and ages of orphans at death of father up to age 64 were tabulated in the office of the Eegistrar-General from returns for the years 1890-92. The Eegistrar acknowledges the courtesy of the gentlemen who have placed this valuable information at his disposal, and his indebtedness also to Mr. George King, P.1.A., whose paper on " Family Annuities," read before the Institute of Actuaries in 1893, treats of this form of insurance. 32. As it has been suggested that scales of contributions and benefits might be calculated on the basis of New Zealand experience and published for the guidance of societies, it may be well to explain, in connection with the above-mentioned computation of present values of widows' and

Number of Members win Admitted before Quinquennium. Imitted duri: ig Quinque: mium. Age at Beginning of Quinquennium or at Entry. Were Rick during Quinquennium. Were not Sick during g Quinquennium. cs ■r| £] s a Lapsed Were _ 3 during included 5 Quinquen- in the 'p1^ niuni. Valuation. <y Were not Sick during Quinquennium. Were Sic: Quinque k during innium. Were not ! Quinqui lick during innium. So s si ig g a a <y Lapsed during Quinquennium. Were included in the Valuation. Lapsed during Quinquennium. Were included in the Valuation. Lapsed during Quinquennium. Wore included ill the Valuation. Under 25 25-30 30-35 35-40 .. 40-45 45-50 50-55 55-60 60-65 65-70 70 and upwards 75 33 37 32 21 13 9 352 343 384 364 350 318 216 142 50 18 10 347 295 283 190 111 83 38 12 4 1 348 378 415 379 295 257 133 85 38 7 3 20 23 14 17 29 30 33 22 9 i 11 42 20 11 8 1 465 155 81 49 24 7 872 329 205 94 27 6 1,621 565 356 176 76 23 4 1 11 4 5 3 2 1 1 "l All ages 220 i i 2,547 1,864 2,338 212 82 782 1,534 2,822 26

Actual Sickni sss (Weeks). Expected Sickness (Weeks). Age. Years of Life at Bisk. Alter Twelve rr^*- o i Months. lotaL Second Six After Twelve Months. Months. First Six Months. Second Six Months. First Six Months. Total Jnder 25 !5-30 .. 10-35 .. !5-40 .. :0-45 . . :5-50 .. iO-55 .. 15-60 .. 597-5 1330 81-5 55-5 34-5 24 0 140 8-0 781 82 78 74 61 03 52 2 91 25 9 4 22 894 107 87 78 61 254 52 6 557 117 75 52 43 30 18 10 35 7 5 5 6 5 3 2 22 8 6 7 8 8 7 6 614 132 80 64 57 43 28 18 52 139 4 All ages 948-0 1,193 I 72 j 1,042 185 ' 161 1,539 902 68