1. At the request of the Committee, I undertook to consider the graduation of the Whole-Life Without-Profit Experience, and I now have the pleasure to submit the result of my investigation.

2. In the graduation of this experience, it has been borne in mind that the main practical purpose to which the table will be put will be the calculation of premiums, rather than the determination of reserves. It is most important, therefore, that the graduation should not under-estimate the mortality, and, consequently, the premiums.