Show LIFE INSURANCE l it I t HITS HIGH MARK MARKby payments by U. U S. S Concerns I During D urine o or Year Will Break r t Previous Records l' l j t r. r NEW YORK Dec Dee 8 Payments iP Payments policyholders and beneficiaries by byA r k to life Insurance companies y A will break all records this year 5 Fred A A. Howland told the C aIrman twenty seventh seventh annual convention of 01 of Life LUe Insurance C the Association Presidents ent today BY By the end of the year ro rothe about 3 3 will have been paid in the u forin of death claims matured ens en en- form annuities surrender vali val val- s j i JS dividends and disability bene tene- 1 fils Rowland of the National president M v E EC Rowland v TJ We Insurance comp company ny of l C that this Is r- r Vt disclosed sum larger larger than payments last when all previous records were ar r brok token broken year n. n Of the 1933 total he said ROCS goes to living policyholders policy policy- bolders holders and to widows orphans and other beneficiaries Volume SU Slightly Less fr Despite the depression he declared V the volume of life insurance in force torce 7 at t the end of the year will be about S only 5 per cent less lessI I than the in force last year ear He He attributed the country's present d difficulties in part to inadequacy of distributive processes In In this connection con n he be said it should be borne in iri mind that the institution of life insurance has as its primary function IB the distribution of resources both to toJ J Urge numbers of individuals and of time ever er c er long periods Depression Flan Offered Edgar N. N Rhodes Canadas Canada's minister minis minis- ter of finance laid before the convention convention convention conven conven- tion a plan designed to control if f not entirely ly eliminate depressions He slid said this could be done by cutting public works expenditures to the bone in normal times and using the funds thus saved aved to expand public works in periods of stress Saying that took pride in having met its obligations here in fn full under adverse conditions the finance minister indicated the dominions dominion's dominions dominion's domin domin- ions ion's task had not been made lighter by her adverse balance of trade with this country and he said A debtor country has I assume t. t the right to expect not only that its current Interest payments can be met metIn In the form of export of goods but also alsa that no undue difficulties will willbe be be placed by the creditor country inthe inthe in inthe the way of refunding at least a substantial substantial sub sub- proportion proportion of its maturing t S capital obligations i B-i i i |