r* 
Life  Compositions.  xix 
Table  I. — Compounders  elected  before  1890. 
Tear  of 
Election 
No.  on  Books  on 
Jan.  1 
Nov. 
1, 
1904 
Year  of 
Election 
No.  on  Books  on 
Jan.  1 
Nov. 
1, 
1904 
1890 
1895 
1900 
190-4 
1890 
1895 
1900 
1904 
1838-40 
35 
24 
15 
7 
6 
1866 
26 
21 
21 
18 
18 
1841 
15 
10 
4 
0 
0 
1867 
30 
26 
25 
20 
19 
1842 
21 
10 
7 
4 
3 
1868 
46 
48 
45 
39 
39 
1843 
10 
5 
8 
5 
5 
1869 
96 
90 
74 
65 
61 
1844 
7 
5 
3 
0 
0 
1870 
82 
79 
62 
55 
54 
1845 
22 
12 
7 
4 
4 
1871 
81 
72 
76 
71 
69 
1840 
19 
13 
7 
4 
4 
1872 
87 
89 
73 
.57 
55 
1847 
12 
5 
4 
3 
3 
1873 
102 
98 
87 
77 
73 
1848 
14 
10 
8 
5 
5 
1874 
86 
79 
75 
(!6 
66 
.1849 
17 
12 
7 
3 
3 
1875 
148 
130 
126 
105 
103 
18.50 
17 
12 
10 
4 
4 
1876 
92 
88 
87 
74 
72 
1851 
23 
14 
6 
4 
3 
1877 
93 
88 
88 
80 
79 
1852 
13 
11 
6 
4 
4 
1878 
112 
106 
103 
93 
91 
1853 
27 
20 
12 
8 
7 
1879 
f62 
250 
223 
214 
207 
1854 
29 
20 
15 
10 
10 
1880 
127 
119 
107 
102 
96 
18.55 
21 
13 
13 
11 
10 
1881 
96 
94 
83 
86 
81 
1850 
43 
32 
24 
17 
15 
1882 
144 
133 
121 
116 
114 
1857 
29 
24 
19 
14 
13 
1883 
210 
194 
180 
165 
162 
18.58 
29 
21 
20 
17 
17 
1884 
217 
212 
198 
185 
185 
1859 
30 
24 
19 
17 
16 
1885 
136 
126 
111 
100 
99 
1860 
19 
16 
14 
11 
11 
1886 
101 
97 
89 
81 
80 
1861 
41 
37 
33 
25 
26 
1887 
90 
94 
97 
92 
90 
1802 
92 
71 
65 
53 
46 
1888 
114 
119 
115 
93 
84 
1863 
71 
61 
57 
47 
44 
1889 
506 
.516 
493 
479 
476 
1864 
52 
48 
39 
27 
27 
Total  No.  1 
— 
-- 
— 

1865 
33 
30 
26 
23 
22 
on  Books / 
3825 
3.528 
.3207 
2860 
2781 
Table  II. — Compoundo's  elected  in  and  since  1890. 
YE.AE 
No.  on  Books  on 
Jan.  1 
Nov. 
1, 
1904 
Year 
No.  on  Books 
Jan.  1 
on 
Nov. 
1, 
1904 
1890 
1895 
1900 
1904 
1890 
1895 
1900 
1904 
1890 
81 
75 
72 
73 
1898 
.50 
49 
49 
1891 
— 
72 
66 
58 
59 
1899 
— 
— 
45 
45 
45 
1892 
— 
76 
73 
68 
66 
1900 
— 
— 
— 
21 
21 
1893 
— 
64 
65 
63 
62 
1901 
— 
— 
— 
26 
26 
1894 
— 
.59 
59 
56 
55 
1902 
— 
— 
— 
31 
31 
1895 
— 
— 
43 
40 
38 
1903 
— 
— 
— 
37 
37 
1896 
— 
— 
51 
51 
50 
1904 
15 
1897 
— 
— 
55 
52 
51 

— 
— 
— 
— 
Total  No. 
— 
352 
582 
669 
678 
of  15/. 
Com- 
pounders 
on  Books 
i TOTAL  OF  LIFE  MEMBERS  ON  BOOKS. 
1890  . . 3825  I 1900  . . 3789  I 1904  (Nov.  1)  3459 
1895_  . . 3880  I 1904  (Jan.  1).  3.529  | 
I NOTE.- — Summari.secl,  these  Tables  show  that  there  are  still  (November  1, 
^ • 1904)  surviving  2,781  Members  who  paid  the  old  Composition  of  10(.  an(l 
‘ there  are  678  Compounders  who  have  paid  15/.  These  .8,459  Members  have 
already  been  on  the  books  for  an  aggregate  period  of  78,900  years,  or  an 
average  of  22|  years  eaeh.  The  experience  of  the  last  20  j^ears  shows  that 
the  average  period  during  which  a Life  Member  exercises  his  privileges  is 
^27^  years.  It  follows,  therefore,  that  each  of  these  3,459  Life  Members  may 
be  expected  to  remain  on  the  books  an  average  of  4J  years  longer,  though, 
of  course,  some  will  continue  to  bo  Members  for  a much  more  extended  period 
than  this.  At  the  old  rate  of  an  annual  contribution  per  head  of  Lo.?.  to  the 
Revenue,  this  would  represent  a cajjital  sum  of  11,674/.;  which,  under  more 
favourable  circumstances,  might  have  been  expected  to  be  defrayed  by  the 
Reserve  Fun<l,  but  must  now  be  dealt  with  in  some  other  way. 
H.  J.  G. ; J.  M.  W. ; N.  P.  S.  November  15,  1904. 
