Entertainment, December 15, 1905 (expenses ded.). 14, 1906 (to date).. DISBURSEMENTS T. McD., relief... Expense, account entertainment, December 15, 1905. P. K., relief... T. McD., relief. M. S., relief.. 412.00 1,074.00' 30.00 26.82 $2,288.32 $15.00 8.00 6.00 12.00 6.00 Expense, deposit account hall for December 14, 1906... 25.00 W. B., relief......... 5.00 Expense, account entertainment, December 14, 1906.. 4.00 Loan, L. R. W., at five per cent.. 125.00 Loan, J. F. K., at five per cent. 150.00 J. J., relief. 30.00 P. K., relief. 12.00 Expense, account entertainment, December 14, 1906..... 657.60 $1,055.60 The increase during the year is $1,497.26 less than the amount contributed by the -Co. during the year 1906 ($5,084 25, not including interest, $1,377 37; and medical examiner's salary and car-fare, $1,994-55). This proves that more money is being expended than the members are contributing, and if it were not for the generosity of the Co. we would show at the end of the year a deficit instead of an increase. During the year 25 deaths were reported, of which 23 have been promptly paid. Two deaths remain unpaid; papers were not received in time to pay these deaths in 1906, but since January 1 papers have been received and the claims are in due course of payment. Of the 23 deaths paid, 19 are what we call original members; that is, members who have joined the society between February, 1901, and February, 1902, leaving 4 deaths among those members who underwent a medical examination (and were admitted to membership on such examination) since the revision of the constitution and by-laws in 1902. Since 1902, 107 members have died, 5 having been admitted upon the result of the medical examination and 102 as original members. The beneficiaries of these deceased (23) members received $6,900, and the total amount paid by these members was $1,563, or 22.65 per cent of the benefits received. The average payment by these members was $67.93. The largest amount paid by a deceased member was $95, or 31.23 per cent of one benefit; and the amount paid to the beneficiary for each $1.00 paid by this member was $3.154. The smallest amount contributed by a deceased member was $14.50, or 4.5 per cent of one benefit; and the amount paid the beneficiary for each $1.00 paid by this member was $20.69, or 7.14 per cent of one benefit. The average return for each $1.00 contributed by deceased members was $4.41. The longest duration of membership of these deceased members was 14 years and 10 months. The shortest duration of membership of these deceased members was 2 years and 5 months. LIST OF DECEASED MEMBERS-1906 Pulmonary tuberculosis Cause of Death Cholæmia, cirrhosis of the liver, complicated with ascitis, hydrothorax and jaundice. 90.00 1854 Feb. 19, 1903 32 Jan. 9, 1906 36 Pulmonary tuberculosis 18.00 256 Feb. 17, 1891 4I July 5, 1905 56 Syncope and nephritis 87.00 560 July 10, 1891 66 Feb. 19, 1935 81 Exhaustion, siguela of gangrene of feet 88.00 142 Feb. 17, 1891 50 Feb. 10, 1906 65 Arterial schescim and chronic endocarditis 90.50 718 April 20, 1893 47 Feb. 21, 1906 60 Pneumonia 65.50 554 May 21, 1891 55 May 14, 1906 70 Fractured skull 90.00 1554 Oct. 18, 1900 46 April I, 1906 52 Heart disease 33.50 1040 June 20, 1895 26 May 31, 1906 37 Tuberculosis 66.00 305 Feb. 17, 1891 47 May 30, 1906 62 Carcinoma of liver 92.00 846 Jan. 18, 1894 44 June 20, 1906 66 Pulmonary edema and valvular disease of the heart 63.00 621 June 10, 1892 38 July II, 1906 52 Acute articular rheumatism and endocarditis 85.00 819 Oct. 19, 1893 29 July 23, 1906 42 Cancer of stomach 65.00 1683 Aug. 15, 1901 39 July 29, 1906 43 Asphyxia, aneurism arc of aorta 30.00 238 Feb. 17, 1891 25 Aug. 22, 1906 40 Pneumonia with typhoid fever 93.50 428 Feb. 17, 1891 59 Aug. 2, 1906 74 Mitral insufficiency 93.50 1941 Jan. 16, 1904 32 Oct. 10, 1906 32 Lobar pneumonia 14.50 201 Feb. 17, 1891 41 Nov. I, 1906 56 Chronic endocarditis and nephritis 95.00 70 Feb. ï7, 1891 55 Nov. 7, 1906 69 Hypostatic pneumonia 95.00 943 Aug. 16, 1894 36 Nov. 14, 1906 49 Chronic endocarditis and chronic nephritis 74.00 603 March 17, 1892 48 Nov. 19, 1906 62 Chronic nephritis 88.50 1764 March 20, 1902 45 Dec. 24, 1906 49 Pleuro-pneumonia 29.00 Average age at date of admission, 42 3/23 years. Average age at date of death, 53 11/23 years. $1,563.00 In 1902 the Company began its contributions to the society, and since February, 1902, it has contributed to the: On investments the company paid the society 5 per cent interest, which amounted to $4,793.99; this amount, added to the $28,925.35, makes a total of $33,719.34. The interest the society would have received from other sources of investment, such as depositing its surplus fund in savings banks (its old method of investment), would have been from 3 to 3.5 per cent, so by investing its surplus funds with the company the society gains from 1.5 to 2 per cent on its investments. AMOUNT OF SICK BENEFITS PAID-1905-1906 |