^{page 275 note *} The Participation Policyholders are entitled to appoint Three of their number as a Committee, who have a voice with the General Court of Directors in the investment of the Funds of the Participation Branch, and in the determination of the regulations and practice of the Company with reference to the management of that Branch.

^{page 277 note *} This amount was transferred to the Non-Participation Account at the apportionment of the general “Reserve Fund” of the Company consequent on the passing of The Life Assurance Companies Act 1870.

^{page 278 note *} For the Years 1869 and 1870 the Accounts of the Company have been so kept that nothing beyond the Commission paid to Agents has been charged in the Non-Participation Branch; the Expenses of Management otherwise having been borne by the Fire Account.