YEAR. The results exhibited in Tables A to E, inclusive, indicate that Companies are apparently making effort to that end, some of them showing large ratios of reduction. It is a hopeful sign. In connection with these detailed statements of expense ratios, the following comparative percentages of working expenditure for fourteen years, ending with 1871, are here reproduced for the purpose of reference :— It will be observed that the general ratios of expenses to entire receipts, and to gross premium receipts, are essentially reduced; while the ratio of actual to computed premium reserve has fallen from 113.14 in 1870 to 111.28 in 1871. Expenses to |