MISClvlvLANKOUvS INI<()RMATIOX RELATING TO INSURANCE 

 AND THRIFT IN VARIOUS COUNTRIES. 



CANADA. 



MODIFICATION OF THF, lyRGISIyATION AS TO IXSURANCK AGATN'ST HAII^. - Ca- 



nadian finance. Vol. VIII, No. 19; Winnipeij, 3 October iqit. 



In order to remove certain features of the Insurance Act of 1910 which 

 were declared ultra vires of the Parliament of Canada by a judgement of the 

 Privy Council last year, and in order to make other changes deemed to be 

 necessary and opportune, the entire Insurance Act has been re-enacted 

 with amendments. The title of the new law, which received the royal 

 assent on 20 September, is " An Act respecting Insurance ". 



Among all its provisions we will notice only that which concerns in- 

 surance against hail. Every Canadian company insuring against hail is re- 

 quired to accumulate a hail insurance surplus fund equal to 50 per cent, of 

 the premiums of the year by setting aside its profits from such business. 

 British and foreign companies undertaking business of this kind must main- 

 tain assets in Canada in excess of the amount required in respect of their 

 other business by at least 50 per cent of the total net premiums on their 

 hail business in Canada. 



GER^IANY. 



I. THE ItESUI^TS OBTAINED BY THE MOST IMPORTANT MUTUAI, SOCIETIES 

 FOR INSURING I^IVE STOCK IN 191 6. — Wallmanns V ersicherungs-Zeitschrijt, 

 51st yeat, Vol. II, No. 93, Berlin-I<ankwitz, 30 August 1917. 



Apart from the Perleberger, which, has transformed itself into a stock 

 comi:)any, the insurance of live stock is practised in Germany by mutual 

 institutions. The figures with respect to them which we will give concern 

 the twenty-five most important of their number, and among these the 

 Schlachtviehversicherimg (Insurance of Cattle for Slaughter) of Berlin and 

 the two provincial institutions of Bavaria with the Rheinische Pferde- nnd 

 Viehversicherimg (Rhinish Horse and Cattle Insurance) come nearest to 

 the Perleberger. If the Berlin Schlachtviehversicherimg, two fifths of whose 

 insurance is of butchers' live stock, be left on one side, we find that in 1916 

 the tot^rl insurance of these institutions was only 1,200,815,636 marks. 

 If it be admitted that Germany's total live stock should be estimated at 

 25,000,000 heads, the amoimt of insurance still to be accomplished in 

 this sphere becomes clear. It is true that side by side wih these large so- 



