•<^V-\
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SESSIONAL PAPERS
VOLUME 2— PART 2
FIFTH SESSION OF THE THIRTEENTH PARLIAMENT
OF THE
DOMINION OF CANADA
(pS^
SESSION 1921
9 S' . I a a
VOLUME LVII
11-12 George V Alphabetical Index to Sessional Papers
A. 1921
ALPHABETICAL INDEX
TO THE
SESSIONAL PAPERS
OF THE
PARLIAMENT OF CANADA
FIFTH SESSION, THIRTEENTH PARLIAMENT, 1921
A
Acadia University — ^Correspondence re |
employment of students in Department
of Mines 10'9
Agriculture — Amount of money expended
by Dominion Government to assist in
each Province 127
Agriculture — Report of Department of —
year, 1920 • 15
Agricultural Instruction Act — ISIS-IS^O 15o
Agricultural Fertilizers Act — O. in C.
transferring to Department of Agri-
cuatulre 180
Air Board — Report of year 1920 137
Alderson, George B., re compensation
for slaughter of 245 hogs, etc 131
Alderson, George B., copy of Report of
Inspector re slaughter of hogs, etc. . l'31o
Anthracite Coal — re average prices
paid Ifor years — 1'914-19I15^1916K1917-
1918 and 1919 73
Auditor General's Report, Vols. I, II, III
and IV, 1920 1
Automolbiles — Number of, in use in
Ottawa, owned by Government 174
B
Bankruptcy Act — General Rules and
Forms, re 58
Blue Books — Number of, published in
1919 — Number in both languages,
1919, etc 119
Board of Pension Commissioners at Ot-
tawa— Names, salary, medical diplo-
mas, etc 97
Bonded Liquor Warehouse Licenses —
number of, granted to Alberta since
1917, etc 12'3
Bonds and Securities — Statement of,
since February, 1920 59
Box cars ordered for C. N. Rys., when
ordered, names of firms, tenders for
same, etc lO'S
British Isles, number of employees of
Canadian Government, in 133
Brunelle, Mrs., re application of, to Gov-
ernment for a pension 141
Butter and Cheese — number of pounds
each year exported since 1910 — value
of same 122
Butter and cheese — number of pounds
each year imported since 1910 122
24076—1
Canada West Indies Trade Agreement —
Copy of. 1920 71
Canada West Indies Conference, 1920. . 138
Canada Temperance Act, re coming into
force of Act in New Brunswick .... 179
Canadian Wheat Board — Report of year
1920
Canadian Air Force — Regulations of... 52
Canadian Expeditionary Force. — Routine
Orders promulgated — 1920 66
Canadian Militia and Expeditionary
Force — re appointments, promotions
and retirements 84
Canadian Recrwit — Steamer — re loss of,
etc., 1919 78
Canadian Spinner — ^Steamer — re accident
to, etc., 1919 78
Canadian National Railways — number of
persons employed on 136
Canadian Northern Railway System — Re-
port of Directors of year 192^0 152
Canadian Northern Railway — Pay of cer-
tain classes of employees on 153
Canadian Northern Railway — numiber of
officials employed by, prior to acquisi-
tion by Government 157
Canadian Expeditionary Force — ^Total
number of enlistments in, from 1914 to
Nov.. 1918 161
Canal Statistics for year 1920 2'0o
Cars, Locomotives, and R Uing Stock
generally, number of, ordered by Gov-
ernment, years 1918, 1919 and 1920.. 120
Chloride of Sodium — ^Correspondence re
rights in Township No. 88, Ranges 7
and 8, etc, in Alta 95
Civil Service Commission — Report re
retirement of members of Civil Ser-
vice 51b
Civil Service Commission — Report of,
1920 32
Civil Service Insurance Act — Statement
for year 1920 48
Civil Service — ^Working hours Inside
Service — Salarlesi, bonusi, etc 74
Civil Service — Number of employees in
1913 and number of. in 1920 104
11-12 George V Alphabetical Index to Sessional Papers
A. 1921
Civil Service — Number of employees in
Inside Service, all Departments, De-
oember, 192(>
Commercial Agencies — respecting ap-
pointments, names of countries
Consolidated Railway Act of Canada —
Correspondence with Province of Mani-
toba, respecting
Convention — Copy of, between Canada
and United States re extradition of de-
serter of family, etc
Credits advanced to Allied Powers by
Government of Canada
Criminal Statistics
Customs and Inland Revenue, year
ended March 31, 1920
Customs shipping, etc., year ended March
31, 1920
Customs Department at Toronto — names
and salaries of examining officials of
Canadian Government Railways — re num-
ber of officials prior to amalgamation
into C. N. Ry
Canadian National Railway — Number of
officials now employed on. etc
Canadian National Railway — Total cost
of wrecks on — year 192i0
Canadian National Railway — ^Total de-
tention expenses year 1920
Canadian National Railway — re equip-
ment charged to operation expenses,
etc
Canadian National Railway — Total am-
ount charged to capital account ....
Canadian National Railway — Number of
persons employed on
Canadian Pacific Railway Company — ■
Return re all lands sold by, etc.. 1920
Census of Industry — ^Municipal Statistics,
1919
Census of Industry — Laths, Liumber, etc.,
1918
Census of Industry — Central Electric
Stations, 1918
Census of Industry — Live Stock and Ani-
mal Products, 1909-1919
Census of Industry — Fisheries, 1919....
Census of Industry — Dairying, 1919....
Commission re appointing of, to enquire
into handling of and marketing grain
in Canada
Commissions — Number created since 1911,
etc
Dalton Sanatorium — respecting operation
of, by Federal Government, etc
Davie, G. J., & Sons — respecting expro-
priation of land at L6vis, Que
Deputy Ministers — names of, etc., in
1910 and 1921
Destructive Insect and Pest Act — Regu-
lations under
District Court Judgeship, Alberta — re-
specting vacancy in
Dominion Government, number of per-
sons in employ of
Dominion Lands Act, O. in C, respect-
ing— 1920
Dominion Police, respecting amalgama-
tion with R.N.W.M. Police, etc
Dominion Police, cost of, year 1919 —
strength of 1919
17a
167
168a
l'3'O
VJd
11
11/
151
157
157
157
157
157
157
135
68
17
17o
176
17c
17d
17e
D
Dominion Police, respecting number of
trips per day to Departmental build-
ings, etc 89c
Dominion Police, automobiles; jail sen-
tences imposed, etc S9e
Dredge Tornado, re where employed,
1920, owner, total expenditure con^
nected with 136
Drifters — initial cost of, and repairs to
thirty -six — known as "C.D.'s" 77
Editorial Committee on Government Pub-
lications— Report for 1920
Elections — Bye-Elections — year 1920 ... .
Elections, Return of, 13th General — year
1917
Electoral Officer — Report of Chief
Embargo, British, on Canadian cattle —
correspondence relating to
Employees of Government — number of, in
United States and British Isles
Enfranchisements under Indian Act, num-
ber of, etc., 1920
Estimates for year 1922
Estimates, Supplementary, year 1922 . .
Estimates, Further Supplementary, year
1921
Estimates, Further Supplementary, year
1922
Estimates, Further Supplementary, year
1922
Exchequer Court of Canada — Copy Gen-
eral Rules and Orders
Exchequer Court of Canada — Copy Fur-
ther Rules and Orders
Experimental Farms — Report of year
1920
External Affairs — Report of Department
of, year 1920
Extradition Convention with United
States of 1917
Extradition Convention with United
States — copy of re family desertion . .
Farms — relating to number of soldiers
purchasing in County of Drummond-
143 Athabasca
Farms — relating to number of soldiers
105 purchasing in County of Shefford ....
Farms — relating to number of soldiers
purchasing in County of Richmond and
Wolfe
Farms — relating to number of soldiers
147 purchasing in County of Compton ....
Farms — relating to number of soldiers
159 purchasing in County of Brome
Farms — relating to number of soldiers
103 purchasing in County of Missisquoi . .
Farms — relating to number of soldiers
55 purchasing in County of Stanstead ....
Farms — relating to number of soldiers
160 purchasing in County of Bonaventure
Fees of election officers — Orders in Coun-
135 cil approving two tariffs
Finance Department in Ottawa — number
62 of employees in, names, salaries, etc. . .
Forest Reserves and Parks Act — O. in C.
89 respecting — 1920
Franco-Canadian Commercial Agreement
89a I — correspondence respecting
38
13
1-3
42
164
133
51
3
4
5
5o
55
57
57a
16
S3
168
168o
112
113
114
115
116
117
118
155
42a
156
63
9Sa
11-12 George V
Al})lia1)Gt.icHl Index to Sessional Papers
A. 1921
G
Geodetic Survey of Canada — Annual Re-
port of Superintendent of — 1920 182
Geological Survey — Report of (Depart-
ment of Mines) 26'
Gold Coin — re prohibition of export of. . 80
Governor General's Warrants — since last
Session 1920-21 49
Grain — number of bushels carried east-
ward, years 1919-192i0' — quantity ex-
ported through Canadian ports ; quan-
tity exported American ports 1919-
1920 124
Grain — Canadian — re appointment of
Commission enquiring into handling
and mjarketing of, in Canada 143
Grand I'runk Railway Company — corre-
spondence between and Government re
extension of time of arbitration 121
Grand Trunk Railway Company — re val-
■ues of G. T. Ry. stock 1918-1920,
etc 125
Grand Trunk Pacific Railway- — number of
officials on, prior to Government taking
over system 157
Grand Trunk Railway Company — corre-
spondence between Government and, re
arbitration proceedings, etc 121a
Greece — amounts loaned, or credits to,
by Government of Canada 170
Griff enhagen & Co. — return respecting . . 100
Guibeau, M. Abel — re resignation of, as
engineer, on Canadian Traveller, 1919-
1920 142
H
Health, Report of Department of, year
ended March 31, 1920 12
High Commissioner for Canada in Don-
don — re placing under Department of
External Affairs 102
Historical Documents Publication Board
— report of 1920 70
I
Immigration and Colonization — Report
of year 1920 18
Indian Affairs — Report of Department of,
year 1920
International Boundary Commission —
Joint Report of 183
Insurance — report of superintendent of,
year ended December SI, 1919 8
Insurance — correspondence between De-
partment of. and Government, re
amendments to Insurance Act 172
Interior — report of Department of, year
1920 25
International Financial Conference at
Brussels, 1920 — Report of, etc 90
International Labour Conference, Wash-
ington and Geneva, 1920 — Draft Con-
ventions, etc 177
Intoxicants into North West Territories
Permits granted 1920 69
Judges Act of Session 1920 — correspon-
dence with Government relating to....
24076—2
165
Labour — report of Department of, year
1920' 37
Lake of the Woods, correspondence re
control of waters of 94rt
Lake of the Woods Control Board — "An
Act respecting," correspondence re ... . 94
Lake of the Woods — copy of telegrams
re control of waters of 94 &
Law Branch, of House of Commons — O.
in C. re organization of, 1920 15'0'
Labrie Bros. — re trial of, year 1912 ... . 8'3
League of Nations — Assembly of — Resolu-
tions adopted by, 1920 56a
League of Nations — Report to, on woi'k
of Council 56b
Librarians of Parliament — Report of, year
1920 41
Lindsay, General W. B., documents re
securing an oil lease in Alberta 110
List of Vessels. 192'0 22
M
Mail Subsidies and Steamship Subven-
tions—Report for 192iO
Marine and Fisheries — Marine — Report of
year 1919-1920 21
Matane — harbour at, re repairs, etc 169
"Migratory Birds Convention Act" — ^O. in
C. approving forms, etc 64
Militia and Defence — Report of Depart-
ment of, year 1920' 36
Militia General Orders promulgated —
1920-1921 6S
Mines Branch — Department of Mines —
Report of year 1919 26a
Miscellaneous Unforseen Expenses —
Statement of 1920 44
Money Order Branch in following Post
Offices — Hamilton, London, Ottawa,
Montreal, Quebec, St. John and Hali-
fax
Montanzo, Onofrio, re trial of, year 1912'
N
National Battlefields Commission — State-
ment re
National Gallery of Canada — amounts
appropriated for, from 1916 to 1921..
Naval Affairs — respecting movements of
vessels outside three mile limit, etc. . .
Naval Service — Report of Department of,
year 1920
Navy, R.C — Orders in Council relata-
ing to 81,
S'iobe — H.M.C.S. — ^Con'espondence refer-
ring to sale of
Northwestern grain trade — correspon-
dence re alleged diversion of, to New
York
Officials transferred from Calgary, Winni-
peg, Ottawa, Halifax, etc., to Vancou-
ver, since November 192i0 (Soldiers'
Civil Re-establishment)
Order in Council appointing Sir George
Foster, Right Hon. C J. Doherty, and
Hon. N. W. RowelL, Delegates League
of Nations at Geneva
Order in Council estaiblishing clearing
office, etc., re properties of German na-
tionals
Ottawa Improvement Commission — Re-
port of year 1920
99
83
46
129
101
39
81a
178
lo4a
166
56
60
47
11-12 Cioori;t; \' Alpliahclieal Judex U> Sessional I'apers
A. 1021
P
Parliamentary Restaurant — O. in C. re-
specting appointment of manager for,
etc 108
Patents — Report of Commissioner of, year
1920 10/
Penitentiary Act and Regulations — Re-
port of committee appointed to revise 176
Penitentiaries — Report of superintendent
of year 1920 34
Pension Commissioners at Ottawa —
Names, salaries, medical diplomas, etc. 97
Postmaster General — Report of year 1920 24
Printing and Stationery — Report of year
1920 33
Private Secretaries, etc., to Ministers —
number of, appointed, salary, etc., since
1911 181
Proprietary or Patent Medicine Act — O.
in C. re regulations under 132
Provincial Legislation — Reports of Minis-
ters of Justice on, from I89i6, to date 144
Public Accounts of Canada, year 1920... 2
Public Works — Report of Department of,
year 1920 19
Public Works — Department of — redistri-
butions of district of 79
Public Printing and Stationery — report of
commission of experts on, 1921 91
It
Railway Commissioners, Board of — re-
ports for 1919 and 1920 20c
Railway Mileage in Canada — Persons
per mile, 1911 and 1914 148
Railway Statistics, 1919 2i06
Railways and Canals — Report of Depart-
ment of year 1919-1920 19
Railways — Canadian National — number
of persons employed on 136
Railways of Canada — pajTnents and loans
to, since 1910 171
Reindeer and Musk-Ox Industry — Report
of Commission to enquire into possibil-
ities of 162
Remissions and Refunds of Customs
Duties — Statement of 93
Representation of Canada in Imperial
Councils, etc 136
Roads — amount of money expended by
Government in each Province, 1920... 127
Roumania — amounts loaned to, or credits
given to, by Government of Canada. . 170
Royal Canadian Mounted Police — Report
of year 1920 28
Royal Canadian Mounted Police — respect-
ing shares of fines received 89b
Royal Canadian Mounted Police — names
of staff officers — re pay drawn, etc. . . 89d
Royal Society of Canada. Statement re,
for year 1920 49
Ruisseau a. Loutre, harbour at 169
Saskatchewan River — re survey made re-
specting navigation from Lake Winni-
peg to Edmonton 86
Scientific and Industrial Research — State-
ment of Advisory Council 53
Scotch Hill Post Office — documents re
change of site at 76
»
Secretary of State — Report of Depart-
ment of, year 1920 29
Service — Inside and Outside — definition of
terms, etc 134
Sheridan, John, Indian Supt., New Bruns-
wick— re resignation of 128
Shipbuilding Industry — Statement re lia-
bilities, year 1920 50
Snider — Interim report re destruction of
documents at Printing Bureau 184
Snider Report — letter of F. Cook and
F. F. C. Lynch, March 16, 1921, re-
specting 184a
Soldiers' Civil Re-establishmient — Report
of Department of, 1920 14
Soldier Settlement Act — Additional regu-
lations under — 1919 67
Soldier Hospitals — number of, in Canada
at present, etc 14'0
Soldiers' Civil Re-establishment — Officials
of. transferred from eastern points to
Vancouver since Nov., 1920 166
Sorel, Shipyard — re bonus paid to em-
ployees at 145
Sorel. Shipyard — names of persons who
have applied for superintendent of. . 149
=!teamboat Inspection 23
Steamships, passenger — re intention of
Government to build such, etc 72
Sugar — correspondence re export of, year
1920 87
superannuation and Retiring Allowances,
1920 . 51
^Superannuation and Retiring Allowances.
1918-1919-1920 51a
St.
St. FSlicite Harbour — repairs at 169
St. Laurent, Alfred — re correspondence in
the hands of Civil Service Commission
re dismissal Ill
St. Michel. P.Q.. Wharf — Documents re
repairs, etc.. to, 1918 to 1921 163
St. Ulric, Matano, Ste. F^licit?, Ruisseau
a, Loutre, Mcchine. Que., harbour works 16^
Tar Sands — Province of Alberta — Report
on. bv Mr. S. C. EJlls of Department
of Mines. 1920 96
Telegraph lines in Northern British Col-
umbia— Return respecting 146
Temporary Loans — Statement of, since
last Session 45
Topograph ical Surveys. Department of In-
terior— Report for 1919-1920 2i5a
Trade Agreement between France and
Canada. .January, 1921 98
Trade and Commerce — Report of Depart-
ment, year 1920 10
Trade of Canada (Imports and Exports),
1920 106
Transcontinental Railway at Quebec.
Terminals of — re non-fulfilment of un-
dertakings of Government with 154
Treaty with Germany, Austria. Czecho-
Slavia. Serb-Croat- Slovene State and
Bulgaria re all moneys expended in
connection 85
Treaty of »Peace CGermany') Order —
T>.C. 755, 1920; P.O. 879, 1920 60
11-12 George V A]])lial)(!tical Index to Sessional Papers
A. 1921
United States — Number of employees of
Canadian Government in
133
V
Vancouver Dry Dock — Copy of specifica-
tions and plans for 82
Veniot, Hon. P. J. — Correspondence re
alleged invitation to enter Dominion
Cabinet 173
Veterinary Director General — Report of,
years 1919-1920 15b
Vogier's Cove — documents re post office
at, etc 75
W
Warrants — Governor General's — State-
ment re — since last Session, 1920-21.. 43
Watson, Jas. W. — respecting retirement
froin Naval Service 158
Weights and Measures, etc., Report for
1920 lOe
VVliite, Sir Thomas — Copy of O. in C. ap-
pointing as arbitrator of G.T.Ry., etc 107
Young, Arthur & Co'y. — Report by, re De-
partinent of Printing and Stationery 92
Young Men's Christian Association — re
association with C.E.P. in War 139
11-12 George V List of Sessional Papers A. 1921
LIST OF SESSIONAL PAPERS
Arranged in Numerical Order, with their titles at full length; the dates when Ordered
and when presented to the Houses of Farliament; the Names of the SerDator or
Member who moved for each Sessional Paper, and whether it is ordered to he
Printed or not Printed. Also those printed hut not presented.
CONTENTS OF VOLUME 1
{This volume is bound in three parts.)
1. Report of the Auditor General for the year ended March 31, 192'0, Volume I, Parts a-b — A
to J, Volume II, Parts K to SS. Presented by Sir Hemy Drayton, March S, 1921.
Printed for distribution and sessional papers.
Report of the Auditor General for the year ending 31st March, 1920, Volume HI, Parts T
to Z. Presented by Sir Henry Drayton, March 11, 1921.
Pritttcd for distribution and Sessional Papers.
Report of the Auditor General for the year ended March 31, 1920, Volume IV, Part ZZ.
Presented by Hon. Mr. Meighen April 4. 1921.
Printed for distribution and Sesmonal Patters.
CONTENTS OF VOLUME 2
{This vohnne is bound in two imrts.)
2. The Public Accounts of Canada, for the fiscal year ended March 31, 1920. Presented by
Sir Henry Drayton, March 1, 1921 ... .Printed for distribution and sessional papers.
3. Estimates of sums required for the service of the Dominion for the year ending- on the
31st March, 1921. Presented by Sir Henry Drayton. March 8. 1921.
Printed for distribution and, ses\sional papers.
4. Supplementary Estimates of sums required for the service of the Dominion for the year
ending on the 31st March, 1922. Presented by Sir Henry Drayton, April 5, 1921.
Printed for distribution and sessional pnpers.
5. Furtlier Supplementary Estimates of sums required for tne service of the Dominion for
the year ending on the 31st March, 1921. Presented by Sir Henry Drayton, May 26,
1921 Printed for distribution and sessional papers.
^a. Further Supplementary Estimates of sums required for the service of the Dominion for
the year ending on the 31st Mardh, 1922. Presented by Sir Henry Drayton, May SiQ,
1921 Printed for distribution and sessional papers.
56. Farther Supplementary Estimates of sums required for the service of the Dominion for
the year ending on the 31st March, 1922. Presented by Sir Henry Drayton, June 3,
1921 Printed for distribution and sessional papers.
S. Report of the Superintendent of Insurance of the Dominion of Canada for the year ended
31st December, 1919 — Volume I, Insurance Companies other than Life; Volume II,
Life Insurance Companies. Presented by Sir Henry Drayton, February 16, 1921.
Printed for distribution and sessional papers.
9. Abstract of Statements of Insurance Companies in Canada, year ending December 31,
1920. Not presented Printed for distribution and sesisional pavers.
10. Report of the Department of Trade and Commerce for the fiscal year ended March 31.
1920. Not presented Printed for distribution and sessional papers.
lOa Report relating to Mail Subsidies and Steamship Subventions, as controlled by the
Department of Trade and Commerce, for the fiscal year ending March 31, 1920. with
traffic returns, etc., to December 31, 1920. Presented by Sir George Foster, June 4,
1921 Printed for distribution and sessional papers.
24076—3 t
11-12 George V List of Sessional Papers A. 1921
CONTENTS OF VOLUME 3
lOb. Annual Report of the Trade of Canada (Imports for Consumption and Exports), for the
fiscal year ended March 31, 1920. Presented by Sir George Foster, June 4, 1921.
Printed for distribution a/nd sessional papers.
CONTENTS OF VOLUME 4
10(i. Criminal Statistics for the year ended September 30, 1920. Not presented.
Printed for distribution and sessional papers.
10c. Report of the "Weights and Measures, Electricity and Gas Inspection Service, for the
fiscal year ended March 31, 1920. Not presented.
Printed for distribution and sessional papers.
lOf. Rfport of the Commissioner of Patents for the firscal year ended March 31, 192i0. Pre-
ssnted by Sir George Foster. February 18, 1921.
Printed for ddstnbution and sessional papers.
11. lieporl of the Department of Customs and Inland Revenue, containing accounts
of revenue with statements relative to the Imports, Elxports, Customs and Inland
Revenue of the Dominion of Canada, for the fiscal year ended March 31, 1920. Pre-
sented by Hon. Mr. Wigmore, February 18, 1921.
Printed for distribution and sessional papers.
CONTENTS OF VOLUME 5
llo. Shipping Report of the Department of Customs, containing Statements of Navigation
and shipping of the Dominion of Canada for the fiscal year ended March 31, 1920.
Presented by Hon. Mr. Wigmore, February 18, 1921.
Printed for distribution and sessional papers.
12. Report of the Department of Healt^Ii for the fiscal year ending March 31, 1920. Presented
by Hon. Mr. Calder, April 19, 1921 Printed for distribution and sessional po/pers.
3 3. Report of By-Elections for the House of Commons of Canada, held during the year 1920.
Presented by Hon. Mr. Speaker, April 18, 1921.
Pnnted for distribution and sessional papers.
1': Ropor'. of the work of the Department of Soldiers' Civil Re-establishment for year ended
December 31. 1920. Presened by Hon. Mr. Tolmie, March 14, 1921.
Printed for distribution and sessional papers.
15. Report of tlie Minister of Agriculture for the Dominiin of Canada, for the year ending
March 31, 1920. Presented by Hon. Mr. Tolmie, February 16, 1921.
Printed for disti-ibiition and sessional papers.
3 5a. Repciri on "The Agricultural Instruction Act," 1919-20. Presented by Sir Henry Drayton,
Fooruary 22. 1921 Printed for distribution and sessi07ial papers.
15b. Ropor! of the Veterinary Director General for the years ending March 31, 1919, and
March 31, 1920. Presented by Hon. Mr. Tolmie, April 4, 1921.
Printed for distribution and sessional papers.
16. Report of the Dominion Experimental Farms for the fiscal year ending March 51. 1920.
presented by Hon. Mr. Tolmie. April 19, 1921.
.Printed for distribution and sessional papers.
17 Cen-iis of Tndustrv. — Municipal Statistics, 1919. Not presented.
Printed for distribiUion and sessional papers.
17a Census of Industry. — T^aths, Dumber, etc., 1918. Not presented.
Printed for distribution and sessional papers.
\7V Censu.s of Industry. — Central Electric Stations, 1918. Not presented.
Printed for distribiUion and sessional papers.
17c Census of Industry.— Live Stock and Animal Products, 1909-1919. Not presented.
Printed for distribution and sessional papers.
11-12 George V List of Sessional Papers A. 1921
CONTENTS OF VOLUME 6
nd. Census of Industry. — Fisheries, 1919. Not presented.
Printed for distribution and sessional papers.
\7e. Census of Industry. — Dairying, 1919. Not presented.
Printed for distribution and sessional papers.
18. Keport of the Department of Immigration and Colonization, for the fiscal year ended
March 31, 1930. Presented by Hon. Mr. Calder, April 7, 1921.
Printed for distribution and sessional papers.
19. Report of the Minister of Public Works on the works under his control for the fiscal year
ended March 31, 1920. Presented by Hon. Mr. McCurdy, February 15, 1921.
Pi'inted for distribution and sessional papers.
20. Annual Report of the Department of Railways and Canals, for the fiscal year from April
1, 1919, to March 31, 1920. Presented by Hon. Mr. Reid, March 9, 1931.
Printed for distribution and sessio7tal papers.
20a. Canal Statistics for the year ending December 31, 1920. Not presented.
Printed for distribution and sessional papers.
CONTENTS OF VOLUME 7
206. Railway Statistics for the year ending December 31, 1919. Not presented.
Printed for distribution and sessiorial papers.
20c. Fifteenth and Sixteenth Reports of the Board of Railway Commissioners for Canada, for
the years ending December 31, 1919, and December 31, 1920.
Printed for distribution and sessional papers.
21. Fifty-third Annual Report of the Department of Marine and Fisheries, for the year
1919-2'0 — Marine. Presented by Hon. Mr. Ballantyne, February 15, 1921.
Printed for distribution and sessional papers.
22. List of Shipping, /issued by the Department of Marine and Fisheries, being a list of
vessels on the registry books of the Dominion of Canada, on the 31st December, 1920.
Not presented Printed for distribution and sessional papers.
23. Supplement to the Fifty-third Annual Report of the Department of Marine and Fisheries
for the fiscal year 1919-20 (Marine) — Steamboat Inspection Report. Not presented.
Presented for distribution and sessional papers.
CONTENTS OF VOLUMjE 8
24. Report of the Postmaster General for the year ended March 31, 1920. Presented by
Hon. Mr. Doherty, February 15, 12 2\1. .Printed for distribution and sessional papers.
25. Annual Report of the Department of the Interior, for the fiscal year ended March 31,
1920. Presented by Hon. Mr. Calder, March 1. 1921.
Printed for distribution and sessional papers.
25a. Annual Report of the Topographical Survey Branch, Department of the Interior, year
1919-20. Not presented Printed for distributioyi and sessio7ial papers.
26. Summary Report of the Geological Survey, Department of Mines, for the calendar year
1920. Presented by Hon. Mr. Tolmie, May 4, 19*21.
Printed for distribution and sessional papers.
26". Summary Report of the Mines Branch of the Department of Mines, for the calendar
year ending December 31, 1920. Presented by Hon. Mr. Calder, March 4, 1921.
Printed for distribution and sessional papers.
27. Annual Report of the Department of Indian Affairs for the year ended March 31, 1920.
Presented by Hon. Mr. Calder, March 4, 1921.
Printed for distribution and sessional papers.
28. Report of the Royal Canadian Mounted Police for the year ended September 30, 192i0.
Presented by Hon. Mr. Calder, April 6, 1921.
Printed for distribution and sessional papers.
29. Report of the Secretary of State of Canada for the year ending March 31, 192i0. Pre-
sented by Sir Henry Drayton, March 21, 1921.
Printed for distribution and sessional ppaers.
24076—3^ 9
11-12 George V List of Sessional Papers A. 1921
CONTENTS OF VOLUME 9
32. Twelfth Annual Report of the Civil Service Commission of Canada for the year 1920.
Presented by Sir Henry Drayton, June 3. 1921.
Printed for distribution and sessional papers.
33. Annual Report of the Department of Public Printing and Stationery for the fiscal year
ended March 31, 1920. Presented by Sir Henry Drayton, May 20, 1921.
Printed for distribution and sessional papers.
34. Report of the Secretary of State for External Affairs for the year ending March 31,
1920. Presented by Hon. Mr. Meighen, March 1, 1921.
Printed for distribution and sessional papers.
35. Report of the Superintendent of Penitentiaries for the fiscal year ended March -31, 1920.
Presented by Hon. Mr. Doherty, April 13, 1921.
Printed for distribution and sessio7ial papers.
36. Report of the Department of Militia and Defence, Canada, for the fiscal year ending
March 31, 1920. Presented by Hon. Mr. Guthrie, February 28, 1921.
Pri7ited for distribution and sessional papers.
37. Report of the Department of Labour for the fiscal year ending March 31, 1920. Pre-
sented by Hon. Mr. Meighen, March 18, 1921.
Printed for distribution and seasio7ial papers.
38. Fourth Annual Report of the Editorial Conumittee on Government Publications, dated
March 1, 1921. Presented by Sir George Foster, March 15, 1921.
Printed for distribution and seasional papers.
39. Report of the Department of the Naval Service for the fiscal year ending March 31,
192iO. Presented by Hon. Mr. Ballantyne, February 1.5, 1921.
Printed for distribution and sestsional papers.
40. Fifty-third Annual Report of the Fisheries Branch of the Department of the Naval
Service, 1919. Not presented Printed for distribution and sessional papers.
41. Report of the Joint Librarians of Parliament. Presented by Hon. The Speaker, February
14, 1921 Not printed.
42. Report of the Chief Electoral Officer, in conformity with Chapter 46, Section 19 of the
Dominion Elections Act. Presented by Hon. Mr. Speaker, April 14, 1921.
Printed for distribution to Senators and Members.
42o- Copies of Orders in Council Nos. P.C. 172.2 and P.C. 1860. approving two tariffs of fees
of election officers under section 76 of the Dominion Elections Act. Presented by Sir
Henry Drayton, February 22, 1921.
Printed for disti'ibution to Senators and Members.
43. Statement of Governor General's Warrants issued since the last Session of Parliament
on account of 1920-21. Presented by Sir Henry Drayton, February 16, 1921.
Not printed.
44. Statement of Expenditure on axjcount of "Miscellaneous Unforeseen Ebcpenses," from the
1st April, 1920. to the I5th February, 1921, in accordance with the Appropriation Act
Number (1), 1920. Presented by Sir Henry Drayton, February 16, 1921.
Not printed.
45. Statement of Temporary Loans issued by the Government of Canada since the last Session
of Parliament still outstanding. Presented by Sir Henry Drayton, February 16, 1921.
Not printed.
46. Statement of Receipts and Expenditures of the National Battlefields Commission to 31st
March, 1920. Presented by Sir Henry Drayton, February 16, 1921 Not printed.
47. Report of the Ottawa Improvement Commission for the fiscal year ended March 31. 1920.
Presented by Sir Henry Drayton, February 16, 1921 Not printed.
48. Statement in pursuance of Section 17 of the Civil Service Insurance Act, for the year
ending March 31. 1920. Presented by Sir Henry Drayton, February 16, 1921.
Not pri7ited.
49. Statement of the Receipts and Expenditures of the Royal Society of Canada, for the
year ended April 30, 1920. Presented by Sir Henry Drayton, February 16, 1921.
Not printed.
10
11-12 George V List of Sessional Papers A. 1921
CONTENTS OF VOLUME 9— Continued.
50. Detailed account of endorsements or liabilities under Chapter 70. 10-11 George V, 1920,
respecting the Shipbuilding Industry. Presented by Hon. Mr. Tolmie, February 16,
1921 Not iirint^a.
51. Statement of Suiierannuation and Retiring Allowances in the Civil Service In the year
ending 31st December, 192i0, under Chap. 17, R.S.C, showing name, rank, salary,
service allowance and cause of retirement of each person superannuated or retired,
also w^hether the vacancy has been filled by promotion, or by appointment, and the
salary of any new appointee. Presented by Sir Henry Drayton, February 17, 1921.
Not printed.
51a. Return to an Order of the House of the 4th April, 1921, for a return showing (a) the
number of ex-civil servants now drawing superannuation from the Government and
who had contributed for thirty-five years to the superannuation fund, and (&) the
amount still remaining in this fund and (c) the amount withdrawn in the years 1918,
1919 and 1920. Presented April 8, 1921. Mr. Stevens Not printed.
516. First Annual Report of the Civil Service Commission on its operations under the Act
respecting the Retirement of certain members of the Public Service, as required by
Section 7 of Chapter 67, 10-11 George V. Presented by Hon. Mr. Calder, April 11, 1921.
Printed for bound sessional papers only.
52. Regulations for flie Canadian Air Force, approved by the Governor in Council under
Section 5 of the Air Board Act, 9-10, George V, Chapter 11, on the 31st day of
August, 1920. Presented toy Hon. Mr. Guthrie, February 2'8, 1921 Not printed.
53. Financial Statement of the Honorary Advisory Council for Scientific and Industrial
Research of Canada, for the year ending March 31, 1920. Presented by Sir George
Not printed.
54. Report of the Canadian Wheat Board, season of 192'0. Presented by Sir George Foster,
February 21, 1921.
Printed for sestsional papers and distribution to Senators and Members.
55. Regulations under "The Destructive Insect and Pest Act," pursuant to Section 9, Chapter
31 of 9-10 Edward VII. Presented by Sir Henry Drayton, February 22, 1921.
Not printed.
56. Copy of Order in Council P.C. 2609, dated 2'6th October, 1920, appointing: — The Right
Honourable Sir George Eulas Foster, a Member of His Majesty's Most Honourable
Privy Council, G.C.M.G., B.A., D.C.L., LL.D., Minister of Trade and Commerce of
Canada ; The Right Honourable Charles Joseph Doherty, a Member of His Majesty's
Most Honourable Privy Council, K.C, D.C.L., LLi.D., Minister of Justice of Canada;
and The Honourable Newton "Wesley Rowell, a Member of the King's Privy Council
for Canada, K.C. ; to attend as the representatives of Canada at the first meeting
of the Assembly of the League of Nations to be held at the Seat of the League in
Geneva, Switzerland, on the 15th November, 192,0. Presented by Sir George Foster,
February 22i, 1921 Not printed.
r:6«- Copy of Resolutions adopted by the Assembly of the League of Nations during its First
Session (November 15th to December 18th, 192i0). Presented by Hon. Mr. Meighen,
February 23, 1921 Not Printed
56&. Report by the Secretary-General to the First Assembly of the League of Nations on the
work of the Council. Presented by Hon. Mr. Meighen, February 23, 1921.
Not printed.
57. Copy of General Rules and Orders of the Exchequer Court of Canada, in accordance with
the provisions of Section 88 of the Exchequer Court Act, Chapter 140, R.S.C. 1906.
Presented by Sir Henry Drayton, February 24, 1921 Not printed.
57«. Copy of further General Rules and Orders of the Exchequer Court of Canada, in accord-
ance with the provisions of Section 88 of the Exchequer Court Act, Chapter 14>0,
R.S.C. 1906. Presented by Sir Henry Drayton, May 9, 1921 Not printed.
58- General Rules and Forms in accordance with Section 66 of The Bankruptcy Act, Chap-
ter 36, 9-10 George V. Presented by Sir Henry Drayton, February 24, 1921.
Not printed.
59. A detailed statement of all bonds or securities registered in the Department of the
Secretary of State of Canada, since last return (27th February, 192i0), submitted
to the Parliament of Canada under Section 32 of Chapter 19, of the Revised Statutes
of Canada. Presented by Sir Henry Drayton, February 25, 192L.
Not printed.
11
11-12 George V List of Sessional Papers A. 1921
CONTENTS OF VOLUME 9— Continued.
eO. Order in Council, P.C. 755, as amended by Order in Council P.C. 879 of April 14, 1920,
establishing The Clearing Office and its duties with respect to the settlement of the
properties or debts in Canada of German nationals, in pursuance of the provisions of
Section 1 of "An Act for carrj'ing into effect the Treaties of Peace between His
Majesty and certain other Powers," Chapter 30, George V, 1919. Presented by Sir
Henry Drayton, Mbrch 1, 1921 Not printed.
CI, Statement showing the numlber of Enfranchisements under the Indian Act, from 1st
April, 1920, to 18th February, 1921. Presented by Hon. Mr. Calder, March 1, 1921.
Not printed.
62. Return of Orders in Council which have been published in the Canada Gazette, be-
tween 5th February, 192i0, and the 31st December, 1920, in accordance with the
provisions of Section 77 of "The Dominion Lands Act," Chapter 20, 7-8, Edward
VII. The Senate Not printed.
63. Return of Orders in Council which have been published in the Canada Gazette between
the 5th February, 1920, and the 31st December, 192i0, in accordance with the pro-
visions of Section 19, of Chapter 10, 1-2 George V, — "The Forest Reserves and Parks
Act." The Senate Not printed
04. Copies of Orders in Council passed between the 5th February, 1920, and the 31st De-
cember, 1920, approving of regulations and forms prescribed in accordance with the
provisions of Section 4, Chapter 18, 1917, "Migratory Birds Convention Act." The
Senate Not printed.
05. Copies of General Orders promulgated to the Militia for the period between February
2, 1920, and January 15, 1921. Presented by Hon. Mr. Guthrie, March 8, 1921.
Not printed.
66. Copies of all Routine Orders of the Canadian Expeditionary Force promulgated from
February 3, 1920, to September 30, 1920. Presented by Hon. Mr. Guthrie, March 8,
1921 Not printed.
67. Additional Regulations made under authority of the Soldier Settlement Act of 1919.
The Senate Not printed.
68. Return showing all lands sold by the Canadian Pacific Railway Company during the
year ended 30th September, 1920, together with the names of the purchasers, in
accordance with the Statutes of Canada, 1886, Chapter 9, Section 8. Presented by
Hon. Mr. Calder, March 4, 1921 Not printed.
69. Return showing the number of permits granted to take intoxicants into the North West
Territories, for the year ended the 31st of December, 1920, in accordance with the
provisions of the Revised Statutes, Chapter 62, Section 88. Presented by Hon. Mr.
Calder, March 4^ 1921 Not printed.
70. Third Annual Report of the Historical Documents Publication Board for the year end-
ing March 31, 1920. Presented by Hon. Mr. Calder, March 4, 1921 Not printed.
71. Copy of the Canada-West Indies Trade Agreement, 1920. Presented by Sir Ceorge
Foster, March 7, 1921 Not printed.
72. Return to an order of the House of the 5th May, 1920, for a copy of a letter sent on
January 30, 1920, to the Right Honourable Sir George Foster, acting Prime Minister,
by J. T. Ross, Esq., President of the Quebec Board of Trade, concerning the intention
of the Government to build in Canada a number of 15,000-ton passenger steam-
ships with a speed of 18 knots for the Canadian service, and a copy of the letter
in answer thereto. Presented, March 7, 1921 Mr. Lapointe Not printed
73. Return to an Order of the House of the 26th May, 1920, for a Return showing the average
prices paid for anthracite coal in Canada in the years 1914, 1915, 1916, 1917, 1918
and 1919. Presented. March 7, 1921. Mr. Archambault Not printed.
74. Return to an Order of the House of the 17th May, 1920, for a Return showing: —
1. Working hours of the Civil Servants in the Inside Service, stenographers,
clerks and others.
2. Whether these hours are strictly observed.
3. WTiat salaries stenographers, clerks and others are receiving. That is, the
average generally, also average bonus. Presented March 7, 1921. Mr. Hay.
Not printed.
12
11-12 George V List of Sessional Papers A. 1921
CONTENTS OF VOLUME 9— Continued.
75. Return to an Order of the House of the 17th May, 1920, for a copy of all letters, tele-
grams, reports, documents and other correspondence between the Post Office De-
partment, the Post Office Inspector at Halifax, and any persons at Vogler's Cove,
Nova Scotia, regarding complaints in connection with the manner in which post
ofTice matters are conducted at the said Vogler's Cove. Presented March 7, 1921.
Mr. Duff Not printed.
76. Return to an Order of the House of the 26th May, 1920, for a copy of all telegrams,
letters and other documents referring to the application for the change in the site of
the Scotch Hill post office, Inverness County, N.S. Presented March 7, 1921. Mr.
Chi^iolm Not printed.
77. Return to an Order of the House of the 4th June, 1919, for a Return showing: —
1. The initial cost of the thirty-six drifters Itnown as the "C.D.'s" referred to by
the Honourable Minister of Naval Affairs on page 2916 of Unrevised Hansard.
2. How much was expended in repairing these vessels from date of purchase to
November 11, 1918.
3. Who, on behalf of the Government, looked after the building of these vessels.
4. Who accepted these vessels from the builders.
5. Wliether he is still in the service. Presented March 7, 1921. Mr. Sinclair
(Antigonish.) Not printed
78. Return to an Order of the House of the 5th May, 1920, for a copy of a letter of the
Board of Trade of Quebec to the Minister of Marine and Fisheries, dated December
29, 1919, concerning the loss of the Government steamship Canadian Recruit and
. the accident to the Government steamer Canadian Spinner and other accidents due
to want of ice breakers, and a copy of the letter in answer thereto. Presented March
7, 1921. Mr. Lapointe Not pnnted.
T9. Return to an Order of the House of the 3rd May, 1930, for a copy of the correspondence
between the Department of Public Works and all the officers, employees or other
persons concerning the redistribution of the districts in the Public Works Depart-
ment. Presented March 7, 1921. Mr. Cannon Not printed.
SO. Return to an Order of the House of the 7th March, 1921, for a return showing: 1.
Whether tlie Governor in Council has prohibited the export of gold coin, gold
bullion or fine gold bars, from the Dominion of Canada, and if so, whether
such prohibition is still in force, and under what authority, and how and when such
prohibition was declared, made or published. 2. If the Governor in Council has pro-
hibited the export of gold coin, gold bullion or fine gold bars from the Dominion of
Canaada, whether such prohibition was absolute, or was such gold coin, gold bullion
or fine gold bars, notwithstanding such prohibition as may have been made in respect
thereof, still subject to export in certain cases, or by virtue of permits or licenses,
secured for such purposes. 3. Whether the Governor in Council, or the Government
of the Dominion of Canada, or any minister or official or officer thereof, has issued
or granted permits or licenses permitting or authorizing the export of gold coin, gold
bullion or fine gold bars from the Dominion of Canada, by any person, bank, com-
pany or corporation since the 1st of January, 1918 ; and if so, to what person or
persons, bank or banks, company or companies, corporation or corporations such
permits or licenses to export gold coin, gold bullion or fine gold bars were granted or
issued since the 1st of January, 1918, and the respective dates of such permits or
licenses. 4. To what person, bank, company or corporation each of such permits and
licenses was issued or granted, and when, and what amounts of gold coin, gold bul-
lion or fine gold bars were authorized to be exported by each of such permits and
licenses; and amount of gold coin, gold bullion or fine gold bars actually exported
under each of such permits and licenses. 5. Whether such permits or licenses as
may have been issued for the export of gold coin, gold bullion or fine gold bars or
the applications therefor specified to what country or countries the gold coin, gold
bullion or fine gold bars, thereby authorized to be exported, were to be sent, and if
so, what country or countries were so mentioned or specified in each of said per-
mits or licenses, and in each application for such permits or licenses. 6. Whether
any charge or charges have been made by the Governor in Council, by the Gov-
ernment of the Dominion of Canada or by any minister, official or officer thereof,
for permits or licenses to export gold coin, gold bullion or fine gold bars from the
Dominion of Canada, and if so, what charge or charges ; and whether the charge
or charges so made have depended to any extent, and if so, to what extent, upon
the amount of gold coin, gold bullion or fine gold bars that the respective permits or
licenses authorized to be exported. Presented March 7, 1921. Mr. Devlin.
Not printed.
13
11-12 George V List of Sessional Papers A. 1921
CONTENTS OF VOLUME d— Continued.
81. Copies of Order in Council, as follows: — P.C. 1849, dated 12th August, 1920: Age
limits on entry of Petty OfRcers and Chief Petty Officers for special service — altera-
tion of. P.C. 2137, dated 15th September 1920: Putting into effect of the Naval Disci-
pline (Dominion Naval Forces) Act. P.C. 2328, dated 25th September, 1920: Estab-
lishment of "Naval Professor," R.C.N. P.C. 2709, dated 6th November, 1920: Prize
Money for Gunnery and Torpedo Work. P.C. 2835, dated 19th November, 1920 :
Entry of Surgeon Lieutenant, R.C.N. P.C. 2678, dated 3rd December, 1920; Entry
of Chief Petty Officers and Petty Officers in the Royal Canadian Navy. P.C. 2911,
dated 3rd December, 1920 : Establishment of Non-Substantive Ratings in the R.C.N.
P.C. 3037, dated 3'Oth December, 1920: Allowance for Captain's Writer. P.C. 2^8,
dated 2lst January, 1921: Entry of Instructor Officers, R.C.N. P.C. 288, dated 7th
February, 1921 ; Allowance for Officers appointed as District Intelligence Officers in
lieu of a Specialist. P.C. 299, dated 7th February, 1921 : Provision for special pro-
tective clothing for men engaged on submarine duty. P.C. 289, dated 14th February,
1921: Staff Pay to Headquarters Naval Staff. Presented by Hon. Mr. Ballantyne,
March 8, 1921 Not printed.
81a- R. C. Navy. P.C. 1642, May 18, 1921, respecting loan of volunteers from active list.
Presented June 4, 1921 Not printed.
82. Return to an Order of the House of the 29th March, 192'0, for a copy of the spe-
cifications and plans for the drydock at Vancouver, British Columbia, for which a
subsidy Is being granted to J. Coughlan & Sons, Limited, along with a copy of the
contract (between the Government and J. Coughlan & Sons, Limited, for the construc-
tion of the said drydock. Presented March 8, 1921. Mr. Archambault . . A^ot printed.
82a. Return to an Order of the House of the 4th March, 1921, for a copy of the contract
given by the Government of Canada to the firm of J. Coughlan & Sons for thef con-
struction of a dry dock in Vancouver, together with all the correspondence, tenders
contract and all documents relating to the said contract. Presented April 28, 1921.
Mr. Archambault Not printed.
83. Return to an Order of the House of the 5th May, 1920, for the production of copies of
all letters, telegrams, papers and correspondence exchanged between the Department
of Justice and others as the case may be in reference to the trial of one Onofrio
Montzano held at Murray Bay, district of Saguenay, in 1912, and the trial of the
Labrie Brothers held at Sherbrooke, district of St. Francois, and their release from
penitentiary on account of irregularities in the proceedings followed at each of
these trials, and also copies of all documents contained in the records of the De-
partment of Justice in reference thereto. Presented March 8, 1921. Mr. Casgrain.
Not printed.
84. Appointments, Promotions and Retirements, Canadian Militia and Canadian Expedi-
tionary Force, from February 5, 1920, to December 9, 19 20. . Presented by Hon.
Mr. Guthrie, March 8, 1921 Not printed.
85. Return to an Order of the Senate of the 23rd April, 1920. for a Return showing
all moneys expended by the Government ud to the present time in connec-
tion with the Treaty with Germany, Au.stria, Czecho-Slovakia, the Serb-Croatian-Slo-
vene State and Bulgaria, stating the vote from which any moneys so far expended
have supplied ; stating the amount assessed against Canada under Article 6 of the
Covenant of the League of Nations as the share of the Dominion of Canada for
the purpose of carrying out the terms of the Covenant. The Senate Not printed.
86. Return to an Order of the Senate of the 28th May, 1920, for a Return of all plans
and reports made by the engineers of the Public Works Department in connection
with a sur\'ey made of the Saskatchewan aiver. to determine the possibiity of naviga-
tion from Lake Winnipeg to Edmonton. The Senate Not printed.
87. Return to an Order of the House of the 23rd June, 192'0, for a copy of all correspond-
ence, letters, telegrams and reports touching the issuing of permits for the export
of sugar, whether with refineries or those acting for them or with purchasers or
those acting for them. Presented March 10, 1921. Mr. McMaster.
Not printed.
88. Return to an Order of the House of the 7th March, 1921, for a Return showing: —
1. In what countries commercial agencies have been established by the Federal
Government. 2. Names of said agents, their previous address, present address, pre-
vious business experience, date of appointment and respective sp-laries. Presented
March 14, 1921. Mr. Duff Not printed.
14
11-12 George V List of Sessional Papers A. 1921
CONTENTS OF VOLUME d— Continued.
8'9. Return to an Orrter of the House of the 14th March. 1921, for a Return showing:
1. Number of non-conimissioned officers in the Dominion Police at the time
of the amalgamation with the Mounted Police. 2. Number of said officers in " A "
Division at the present time. 3. Whether it is true that all non-commissioned
officers of the Dominion Pilice were placed junior on the Seniority List to
non-commissioned otilcers in the Mounted Police irrespective of years of service ; and
whether it is further true that a Dominion Police Sergeant with 6 years' service as
such, was, upon amalgamation, placed junior to a non-coinmissioned officer of tlie
Mounted Police with only a few months' service as such. 4. At the time of the
amalgamation of the two forces whether three inspectors of the Dominion Police
were reduced to sargeants. If so, why. 5. Number of non-conamissioned officers of
the Mounted Police promoted to inspectors at the time or subsequent to, the date of
the amalgamation. Presented March 14, 1921. Mr. Cahill.
Not printed.
iS9a. Return to an Order of the House of the 14th March, 1921. for a Return showing:
1. Cost of the Dominion Police Force during 1919, less the Finger Print and
Ticket of Leave sections. 2. Strength of the Dominion Police at the time
of their amalgamation -with the Mounted Police. 3. Strength of "A" division at the
present time, and if there has been an increase in numbers, what the necessity is for
such increase. 4. Cost of "A" division for the first 12 months after the amalgama-
tion with the Dominion Force, and if there was an increase in cost, what the reason
is for such increase. 5. How many Government buildings, etc., were given police
protection at the time the forces were amalgamated. 6. How many Government
buildings are given police protection at the present time. Presented March 14, 1921.
Mr. Cahill Not printed.
SQb. Return to an Order of the House of the 14th March, 1921. for a Return showing:
1. Whether the members of the Royal Mounted Police receive a share of any fines
imposed for infractions of any Dominiin Act or other Act. 2i. If so, what proportion
of such fines they receive. 3. Names of the members of the Royal Canadian
Mounted Poliioe who have been paid a share of such fines during the past twelve
months and amount paid to each. Presented March 14. 1921. Mr. Cahill.
Not printed.
89c. Return to an Order of the House of the 14th March, 1921, for a Return showing:
1. Before their amalgamataion with the new Mounted Police Force number
of trips per day made by the Dominion Police to the Departmental buildings
in connection with the police mail. 2. Number of trips per day made for the same
purpose by the members of the present Mounted Police Force. 3-. Whether the
Dominion Police performed the duties mentioned on foot. 4. Whether the Mounted
Police i^erform the same duties on motor cycles, or by other vehicles. 5. Whether
the services in question were performed for a period of about 30 years by the
Dominion Police. 6. If so, why the number of trips per day has been decreased in
the case of the Mounted Police. Presented March 14', 1921. Mr. Cahill.
Not printed.
89rf. Return to an Order of the House of the 14th March, 1921. for a Return showing:
1. Names of the Staff Officers in the Royal Canadian Mounted Police accord-
ing to seniority. 2. Whether they all draw staff pay. If so. how much each
draws. 3. If all do not draw staff pay, names of those who receive it, and why an
exception is made. 4. In addition to detectives, whether there are a superintendent
and uniformed men in Montreal and Toronto. 5. If so, what the necessity is for
maintaining these members of the Mounted Police in the cities mentioned. 6. In addi-
tion to salaries, whether the superintendents have their house rent paid, and whether
they receive free coal, light, etc. 7. If so, whether the men are similarly treated,
and if not, why. 8. Whether "N" Division of the Mounted Police is located at Ot-
tawa. 9. If so, what duties other than drilling as cavalry "N" Division performs.
I'O'. Whether it would not be in the best interest, and conducive to a large saving
in public expenditure, if the Mounted Police were absorbed by the Royal Canadian
Dragoons. 11. Whether there is any practical objection to their being so absorbed.
If so, what the objection is. Presented March 14, 1921. Mr. Cahill.
Not printed.
89e. Return to an Order of the House of the 14th March. 1921. for a Return showing:
1. Wliether it is true that one automobile sufficed for the purposes of the
Dominion Police before ther amalgamation with the Mounted Police. 2.
Whether it is correct that " A " Division of the Mounted Police have been using two
automobiles, one motor truck and two motor cycles, and that five chauffeurs are
employed, who do no other work than drive cars. 3. Whether any members of the
Mounted' Police have been imprisoned in the County of Carleton jail since the amalga-
mation with the Dominion Police. 4. If so, what the offence and sentence in each
case was, and by whom the trial v/as held and sentence pronounced. 5. Whether
15
11-12 George V List of Sessional Papers A. 1921
CONTENTS OF VOLUME d— Continued.
the Government pay for the maintenance of such men as were imprisoned in the
County of Carleton Jail, and if not, why not. 6. Whether there is at the present
time in one of the buildings owned by the Government in the City of Ottawa a cell
or place of detention in which members of the Mounted Police may be confined. If
so, where it is located. 7. Whether any member of the Mounted Police has been
confined in such cell or place of detention, and for what offence. 8. By whom the
offender so confined was tried, and what sentence was pronounced. 9. WTiether a
superintendent of the Mounted Police fined two boys for breaking windows at the
Ottawa Experimental Farm last summer. 10. If so, what the amount of the fines, and
whether the superintendent paid over the money received for such fines, and if so,
to whom payment was made. Presented March 14, 1921. Mr. Cahill.
Not printed.
&0. Proceedings of the International Financial Conference held at Brussels in 1920 : Volume
I — Report of the Conference. Volume II — ^Verbatim Record of the Debates. Volume
III — Statements on the financial Situation of the Countries represented at the Con-
ference. Volume IV — Public Finance. Presented by Sir Henry Drayton, March
16, 1921 Not vi-inted.
91. Supplementary Report of a Committee of experts, dated January, 1921, appointed by
Order in Council dated 20th November, 1918, on the recommendation of the Civil
Service Commission, to investigate and report upon conditions in the Department
of Public Printing and Stationery. Presented' by Sir George Foster, March 17, 1921.
Not printed.
92. Report by Arthur Toung and Company, dated 6th December, 1920, respecting Reorgani-
zation of the Department of Public Printing and Stationery. Presented by Sir George
Foster, March 17, 1921 Not printed.
93. Detailed Statement of Remissions of Customs Duties and the Refund thereof, under Sec-
tion 92, Consolidated Revenue and Audit Act, through the Department of Customs,
for the fiscal year ended 31st March, 192'0. Presented by Sir Henry Drayton,
March 22, 1921 Not printed.
04. Return to an Order of the House, of the 21st March, 1921, for a copy of all letters,
telegrams and other correspondence between the Dominion Government or any mem-
ber thereof and the Government of Ontario or any member thereof, regarding Bill
No. 23 (Letter D of the Senate), intituled: "An Act respecting the Lake of the
Woods Control Board," or the subject matter thereof. Presented March 22, 1921.
Mr. Molloy Not printed.
94a- Further correspondence between the Government of Canada and the Provincial Gov-
ernments of Manitoba and Ontario, respecting the control of the waters of the Lake
of the Woods. Presented by Hon. Mr. Meighen, May 27, 1921.
Not printed.
94&. Copy of further telegrams between the Prime Minister of Canada and the Premier of
Ontario respecting the control of the waters of the Lake of the Woods. Presented
by Hon. Mr. Meighen, May 31, 1921 Not printed.
95. Return to an Order of the House of March 9, 1921, for a copy of all letters, papers and
other documents leading up to the passing of the Order in Council, dated the 6th
day of September, 1919 (P.C. 1860), whereby authority was given (a) For the with-
drawal from disposal, under the provisions of the Quartz Mining Regulations, of the
avfilable Sodium Chlorid (common salt) Rights in Township 88, Ranges 7 and 8, and
Township 89, Ranges 8 and 9, West of the 4th, to admit of prospecting operations
for the discovery of that mineral being conducted in the interests of the Province
of Alberta. (b) For the withdrawal from disposal of the Gypsum Mining Rights
under the said property. Presented March 2i3, 1921. Mr. Mackie (Edmonton).
Not printed.
96. Return to an Order of the House of the 8th March, 1921, for a copy (a) of the report
rrade by Mr. S. C. Ells, an officer of the Department of Mines, to the Department of
the Interior, touching the Tar Sands in the Province of Alberta, as related in an
Order in Council, P.C. 1495, and dated the 3rd day of July, 1920; (b) of all letters,
papers and documents of whatsoever nature they may be, leading up to the passing
of the said Order in Council. Presented March 23, 1921. Mr. Mackie (Edmonton).
Not printed.
97. Return to an Order of the House of the 2Srd March, 1921, for a Return showing:
1. Who are the medical officers employed at the head office of the Board
of Pension Commissioners at Ottawa. 2. Their names and the medical ex-
perience of each. 3. How many of these medical advisers have completed their uni-
16
11-12 George V List of Sessional Papers A. 1921
CONTENTS OF VOLUME 9— Continued.
versity course, and (a) Their names; (b) How many have obtained their diplomas
permitting them to practice ; (c) Whether any among them have obtained their li-
cense to practice in recognition of their war service. 4. The military record of each
of these officers. 5. The salary of each. 6. Their respective duties. 7. Whether
these medical advisers have the medical experience sufficient to decide on technical
questions for the Board of Pension Commissioners and whether they are well quali-
fied to change the decision of local medical officers. 8. Whether the Commissioners
are obliged to concur in the decision of their medical officers. 9. If not, why.
Presented March 23, 1921. Mr. Cannon Not printed.
98. Copy of Trade Agreement between France and Canada, signed at Paris, the 29th day
of January, 1921. Presented by Hon. Mr. Meighen, March 2i9, 1921.
Printed for distribution to Senators and Member^t..
98fl- Correspondence relating to the Franco-Canadian Commercial Agreement, 1921. Pre-
sented by Sir George Foster, April 15, 1921.
Not printed.
99. Return to an Order of the House of the 16th March, 1921, for a Return showing:
1. The names of the employees of the Money-Order Branch in the following Post
Offices (Head Offices) : Hamilton, London, Ottawa, Montreal, Quebec, St. John, N.B.,
and Halifax, N.S. 2. The rank, according to the new classification, of each one of
said employees, and their present salary. 3. The number of years of service of said
employees. 4. The annual actual revenue of each one of the above mentioned Post
Offices. 5. WTio the employees are in charge of said Branch in each one of said
offices. 6. Who the officials are in charge of the registration Branch ian the main
post offices of the above mentioned cities, the rank and salary of each one of them.
Presented March 29, 1921. Mr. Parent Not printed.
100. Return to an Order of the Senate of the 2'9th March. 19'21. for a Return show-
ing : 1. When the Griffenhagen Company was engaged to reorganize the
various departments of the Government services. 2. How much has been paid to
them up to December 31, 1920 — (a) for salary, (b) for travelling expenses, and
(c) for maintenance. 3. What members of the Civil Service have been assisting the
Griffenhagen Company. What amount has been paid them while engaged in this
work — (a) for salary, (6) for travelling expenses, (c) for maintenance. 4. What
amount, if any, is due and unpaid to Griffenhagen Company, and the officials assist-
ing them up to December 31, 1920. 5. Whether the contract with Griffenhagen
Company has been cancelled. 6. If not, is it going to be cancelled, and when.
7. What departments have they reorganized. 8. Has their work been as unsatis-
factory as the work of their predecessors, Messrs. Young and Company. The Senate.
Not printed.
101. Return to an Order of the Senate of the 29th March, 1921, for a Return show-
ing : All papers, documents and correspondence passed between the Canadian
Government and the British Government, or between any Minister, member
or official of the Canadian Government and any member or official of the British
Admiralty or between any persons or officials thereof, since 1909, giving details
and particulars as regards the negotiations on naval affairs leading up to the agree-
ment which was arrived at after the Imperial Conference of 1911, as to the move-
ment of vessels outside the three-mile limit and the establishment of naval stations
for the ships transferred to or purchased for the Canadian Naval Service ; also,
copies of regulations governing the movement of vessels of the Canadian Navy at
the present time. The Senate Not printed.
102. Copy of Order in Council, P.C. 856, dated 21st March, 1921, placing the control and
supervision of the Office of the High Commissioner for Canada in London under
the Secretary of State for External Affairs. Presented by Hon. Mr. Meighen, March
3.0, 1921 Not printed.
103. Return to an Order of the House of the 4th March, 1921, for a Return showing:- — 1.
Who were Deputy Ministers in the several departments of the Government, on
January 1, 1910. 2. Wlio were they on January 1, 1921. 3. Who were heads of
branches in the various departments of the Dominion Government in 1910. 4. Who
were they on the 1st of January, 192il. Presented March S'O', 1921. Mr. Vien.
Not printed.
104. Return to an Order of the House of the 7th March, 1921, for a Return showing: —
1. Total number of employees in the Civil Service in the year 1913. 2. Total number
of employees in the Civil Service in the year 1920. Presented March 30, 1921. Mr.
McGibbon Not printed
17
11-12 Georiic V List of Sessional Papers A. 1921
CONTENTS OF VOLUME 9—Confinued.
105. Return to an Order of the House of the 4th March, 1921, for a Return showing: —
1. How many commissions the Government has created since 1911. 2. Names of the
said commissions. 3. Names of the present commissioners in the various com-
missions and their respective salaries. Presented March 30, 1921. Mr. Deslauriers.
Not printed.
lOe. Rfturn to an Order of the House of the 30th March, 1921, for a Return
.showing: 1. When the 18,000 box cars ordered for the Canadian National
liailways were ordered. 2. If ordered at different dates, what year and month the
oiders were placed. 3. Names of firms building same. 4. Whether tenders wore
called or are they being built on order. 5. If built on basis of cost plus percentage.
what percentage or profit is allowed. 6. Cost of 1,000 box cars. 7. How many
cars have been delivered, and on what dates. 8. How many new cars were put in
grain cariying trade west of Fort William. 9. Maximum grain carrying capacity of
said cars. 10. Whether the said cars are fitted with hopper bottoms for speedy un-
loading at terminals. 11. Whether the 18,000 box cars above mentv)ned are in addi-
tion 10 cars which were added to replace broken or worn out box cars. Presented
March 30, 1921. Mr. Reid (Mackenzie) Xot pr'mled.
107. Return to an Address to His Excellency the Governor General, of the 10th March,
1921, for a copy of the Order in Council of July 9, 1920, appointing the Honourable
Sir Thomas White as an arbitrator to value the stock of the Grand Trunk Railway
Company, any subsequent Orders in Council having reference to this matter, and for
all correspondence between the Government and the Honourable Sir Thomas WTiite
respecting such appointment. Presented April 4, 1921 Not -printed.
108. Copy of Orders in Council P.C, 279, dated 5th February, 1921, and P.C. 999, dated
23rd March, 1921, in respect to the appointment and salary of a manager for the
Parliamentary Restaurant. Presented by Hon. The Speaker, April 4, 1921.
Not printed.
109. Return to an Order of the House of the 23rd March, 1921, for a copy of all letters and
correspondence exchanged between professors or officials of Acadia University and
the Department of Mines, since February 1, 1920, to date, relative to the employ-
ment of students of the said University by the said Department during the summer
months. Presented April 5, 1921. Mr. Douglas (Cape Breton) Not printed
3 10'. Return to an Order of the House of the 8th March, 192-1, for a copy of all letters,
papers, documents and agreements leading up to the passing of the Order in Council,
dated the 8th day of July, 19210 (P.C. 1547), whereby General William Bethune
Lindsay, M.I.E.C, secured the right to a nineteen hundred and twenty acre lease of
Tar Sands in the Province of Alberta. Presented April 5, 1921. Mr. Mackie (Ed-
monton) Not printed.
111. Return to an Order of the House of the 10th March, 1921, for a copy of all corre-
spondence, reports and memoranda in the hands of the Civil Service Commission of
Canada regarding the dismissal of Alfred St. Laurent from the stationery branch of
the Department of Public Printing and Stationerj' at Ottawa. Presented April 5,
1921, Mr. Fripp Not printed.
112. Return to an prder of the House of the 14th March, 1921, for a Return showing: —
1. How many returned soldiers have purchased farms through the Soldiers' Settle-
ment Board in the County of Drummond-Arthabaska. 2. Average price paid for
the said farms. 3. Whether any of the .said farms have been abandoned. 4. If so,
■what disposition the Government has made of the said farms. 5. Whether any loss
has been incurred. If so, what the net loss has been to the Government in connection
therewith. Presented April 5, 1921. Mr. Tobin Not printed
113. Return to an Order of the House of the 14th March, 1921, for a Return showing: —
1. How many returned soldiers have purchased farms through the Soldiers' Settle-
ment Board in the County of Shefford. 2. Average price paid for the said farms. 3.
%\Tiether any of the said farms have been abandoned. 4. If so, what disposition the
Government has made of the said farms. 5. Whether any loss has been incurred.
If so, what the net loss has been to the Government in connection therewith. Pre-
sented, April 5, 1921. Mr. Tobin Not printed.
114. Return to an Order of the House of the 14th March. 1921, for a Return showing: —
1. How many returned soldiers have purchased farms through the Soldiers' Settle-
ment Board in the County of Richmond and Wolfe. 2. Average price paid for the
said fai-ms. 3. Whether any of the said farms have been abandoned. 4. If so, what
disposition the Government has made of the said farms. 5. Whether any loss has
been incurred. If so, what the net loss has been to the Government in connection
therewith. Presented April 5, 1921. Mr. Tobin Not printed.
18
11-12 George V List of Sessional Papers A. 1921
CONTENTS OF VOLUME d— Continued.
115. Return to an Order of the House of the 14th March, 1921, for a Return showing:—
1. How many returned soldiers have purchased farms througli the Soldiers' Settle-
ment Board in the County of Compton. 2. Average price paid for the said farms.
3. Whether any of the said farms have been abandoned. 4. If so, what disposition
the Government has made of the said farms. 5. Whether any loss has been in-
curred. If so, what the net loss has been to the Government in connection there-
with. Presented April 5, 1921. Mr. Tobin "Not printed.
116. Return to an Order of the House of the 14th Mardi, 1921, for a Return showing: —
1. How many returned soldiers have purchased farms through the Soldiers' Settle-
ment Board in the County of Brome. 2. Average price paid for the said farms. 3.
Whether any of the said fanns have been abandoned. 4. If so, what disposition the
Government has made of the said farms. 5. Whether any loss has been incurred. If
so, what the net loss has been to the Government in connection therewith. Pre-
sented April 5, 1921. Mr. Tobin Not printed
117. Return to an Order of the House of the 14th March, 1921, for a Return showing: —
1. How many returned soldiers have purchased farms through the Soldiers' Settle-
ment Board in the County of Missisquoi. 2: Average price paid for the said farms.
3. AVhether any of the said farms have been abandoned. 4. If so, what disposi-
tion the Government has made of the said farms. 5. Whether any loss has been
incurred. If so, what the net loss has been to the Government in connection there-
with. Presented, April 5, 1921. Mr. Tobin Not printed.
118. Return to an Order of the House of the 14th March. 1921, for a Return showing: —
1. How many returned soldiers have purchased farms through the Soldiers' Settle-
ment Board in the County of Stanstead. 2. Average price paid for the said farms
3. Wliether any of the said farm's have been abandoned. 4. If so, what disposition
the Government has made of the said farms. 5. Whether any loss has been incurred.
If so, what the net loss has been to the Government in connection therewith. Pre-
sented, April 5, 1921. Mr. Tobin Not printed.
119. Return to an Order of the House of the 7th April, 1920, for a Return showing: —
1. What blue-books were published in 1919. 3. What public documents were pub-
lished in both languages in 1919. 3. What public documents were published in one
language only, and in what language they were published. Presented April 5, 1921.
Mr. Demers Not printed.
120. Return to an Order of the House of the 23rd March, 1921, for a Return showing: —
1. The number of cars, locomotives and rolling stock generally, ordered by the
Government during the calendar years 1918, 1919 and 19210: 2l The value of these
orders. 3. From whom this equipment was Ipurchased, and the value of each con-
tract. Presented April 5, 1921. Mr. Wright Not printed.
121. Copy of correspondence between the Government of Canada and the Grand Trunk
Railway Company relative to the question of the extension of time for Arbitration
proceedings, and matters incident thereto, to date of April 3, 1921. Presented by Hon.
Mr. Meighen, April 6, 1921 Not printed.
121a. Subsequent Correspondence between the Government of Canada and the Grand Trunk
Railway Company relating to the Arbitration proceedings, and copy of draft agree-
ment in connection therewith. Presented by Hon. Mr. Meighen, May 21, 1921.
Not printed.
122. Return to an Order of the House of the 14th March 1921, for a Return showing: —
1. Total number of pounds of butter exported outside of Canada, year by year,
since 1910. 2. Value, year by year, of the exportation since 1910. 3. Total num-
ber of pounds of cheese exported outside of Canada, year iby year, since 1910. 4.
Value, year by year, of such exportation since 1910. 5. To what countries our
cheese and butter were exported, year by year, during said years, specifying the
amount and value of each. 6. Quantities of butter imported from various countries
since 1910. 7. From what countries and what amount from each of them. 8. Quan-
tities of cheese imported from the various countries since 1910. 9. From what
countries and what amount from each of them. 10. Under what brands or names
our cheese and butter are sold abroad. 11. Brands or names of butter and cheese
we import from abroad. 12. Quantity in pounds of margarine and its value in cash,
or any other substitute to butter, manufactured in the country since 1916, year by
year. 13. Quantity in pounds and value of such substitutes imported into Canada
year by year, since 1916. 14. Whether the inobservance of the law regarding the
process of manufacture and the sale of such sub-stitutes, produced in Canada or
purchased abroad, has been the object of several actions. 15. If so, the number of
same. Presented, April 6, 1921. Mr. Beyer '. . Not printed.
19
11-12 George V List of Sessional Papers A. 1921
CONTENTS OF VOLUME d— Continued.
123. Return to an Order of the House of the 4th March, 1921, for a Return showing: —
1. Number of bonded liquor warehouse licenses granted to the Province of Alberta
by the present Government since 1917. 2. To whom such licenses were granted.
3. On whose recommendation. Presented April 6, 1921. Mr. Mackie (Edmonton).
Not printed.
124. Return to an Order of the House of the 7th March, 1921, for a Return showing: —
1. Number of bushels of Canadian grain carried from Winnipeg eastwards during
1919 and 1920. 2. Quantity of Canadian grown grain exported abroad and shipped
through Canadian ports, from what ports and what quantity in each case, during
1919 and 192*0. 3. Quantity of Canadian grown grain exported through American
ports during 1919 and 1920; from what ports and what quantity through each port.
4. Quantity of Canadian grown grain carried from the West to the Ea-st during 1919
and 1920 — (a)by the C.P.R. (6)toy the G.T.R. (c) by the Government Railways.
5. Rate now prevailing on the transportation of grain in Canada (a) on the Gov-
ernment Railways, (b) on the various other railways. Presented April 6, 1921.
Mr. Vien Not printed.
125. Return to an Order of the House of the 22nd March, 1920, for a Return showing: —
1. What the different classes of the Grand Trunk Railway Company's Stock were
quoted at in January, 1918, as regards. First Preference Stock five per cent; Second
Preference Stock five per cent ; Third Preference Stock four per cent ; Ordinary or
Common Stock : Five per cent Grand Trunk Debenture Stocks ; Five per cent Great
Western Debenture Stocks ; Four per cent Grand Trunk Debenture Stocks ; Four per
cent Northern Debenture Stocks. 2. What the same stocks were quoted at in January,
1919, and January, 1920. 3. Whether any of the stock of the Grand Trunk Railway
Company has been sold or changed hands since January, 1918. 4. If so, who the
purchasers of it were, what the date of purchase or transfer, and the price paid.
5. Whether any member of the present Government ever held any of the stock of
the Grand Trunk Railway Company, either personally or by proxy through any other
person. 6. If so, the names of said members, what amount of stock was so acquired,
on what date and on what term-s. Presented April 7, 1921. Mr. Caldwell.
Not printed.
126. Return to an Order of the House of the 17th March, 1921, for a Return showing: —
1. Whether suction dredge Tornado was employed in dredging in Courtney Bay or
St. John Harbour, N.B., during the year 1920. 2. Who is the owner. 3. Where the
dredge was built. 4. What date she arrived at St. John. 5. What port she sailed
from. 6. What the total expenditure was to December 31, 1920, In connection with
the work done by this dredge. 7. Whether certain pontoons were lost at the time
that said dredge was brought to St. John. 8. If the same were recovered. 9. Where
the dredge Tornado is now. Presented April 7, 1921. Mr. Sinclair (Antigonish and
Guysboro' ) Not printed.
127. Return to an Order of the House of the 30th March, 1921, for a Return showing: —
1. Amount of money expended by the Dominion Government in each Province in the
Dominion, for road building purposes during the year 1920. 2. Amount of money
expended by the Dominion Government, in each Province, for Technical Education
under the Agricultural Instruction Act in the year 1920. 3. Amount of money
expended by the Dominion Government to assist agricultural fairs held in each Pro-
vince in 1920. 4. Amount of money expended by the Dominion Government In the year
192i0 in the various Provinces in operating a selling organization for the purpose of
disposing of live stock, etc. 5. Total amount expended by the Dominion Government
in 1920 towards assisting and developing agriculture. 6. Total amount expended in
the year 1911 by the Dominion Government towards assisting and developing agricul-
ture. 7. Amount of money expended by the Dominion Government in the year 1920
in connection with the Housing Act in the respective Provinces. Presented April 8,
1921. Mr. Armstrong (Lambton) '. Not printed
128. Return to an Order of the House of the 14th March, 1921, for a copy of all corre-
spondence, telegrams, and other documents, relative to the resignation of Mr. John
Sheridan, Indian Superintendent for the North Shore district, in the Province of New
Brunswick, in 1920. Also copy of all correspondence, telegrams and other documents
relative to his reappointment to the said position. Presented April 8, 1921. Mr.
Leger Not printed
129. Return to an Order of the House of the 17th March, 1921. for a Return showing: —
1. What amounts were appropriated for the National Gallery of Canada from April
1, 1916, to April 1, 1921. 2. How these appropriations were expended. 3. Who is in
charge of the National Gallery, when appointed, at what salary and present salary.
20
11-12 George V List of Sessional Papers A. 1921
CONTENTS OF VOLUME 9— Continued.
4. How many officials are on the staff at the Gallery, their names, dates cf =,ppoint-
ment and respective salaries. 5. "What officials of the Gallery staff have been drawing
their salaries while the Gallery has been closed and at what work they w^re employed.
6. When and why the National Gallery was closed, and when it will be reopened.
Presented April 11, 1921. Mr. Edwards Not printed
130. Return to an Order of the House of the 5th May, 1920, for a Return showing: —
1. Totals of credits advanced by the Canadian Government to (o) Great Britain, (b)
the Allied Powers, before the armistice. 2. Of these totals what proportions were
used respectively for the purchase of (o) agricultural products; (&) manufactured
goods. 3. Total of credits advanced by the Canadian Government to (o) Great
Britain, (b) the Allied Powers, after the armistice. 4. Of these totals what propor-
tions were used respectively for the purchase of (a) agricultural products; (b) manu-
factured goods. Presented April 11, 1921. Mr. Reid (Mackenzie) Not printed
131. Return to an Order of the House of the 4th April, 1921, for a copy of all reports, orders,
telegrams, certificates of valuation, or any other correspondence relating to or con-
nected with the slaughter of 245 hogs, the property of one George B. Alderson, by
officers of the Department of Agriculture on or about the 20th day of April, 1920,
and for which compensation has been refused by the Minister. Presented April 11,
1921. Mr. Sutherland Not printed
131o. Copy of Report of Inspector made under the Animal Contagious Diseases Act, 1903,
R.S.C. 1906, re slaughter of hogs owned by George Alderson, Humber Bay, Ont.
Presented May 21, 1921. Mr. Sutherland Not printed
132. Copies of Orders in Council, P.C. 2010 and 2i039, establishing regulations under the
provisions of the Proprietary or Patent Medicine Act. Presented by Hon. Mr. Calder,
April 14, 1921 Not irrinted
133. Return to an Order of the House of the 7th April, 1921, for a Return showing: — 1. How
many employees the Government has in the British Isles. 2. Number of departments
maintained. 3. How many employees the Government has in the United States. 4.
Number of departments maintained Presented April 13, 1921. Mr "Wright.
Not printed.
134. Return to an Order of the House of the 7th March, 1921, for a Return showing:—
1. In regard to the Federal Civil Service what is understood to be comprised by the
words (o) Inside Service; (b)Outside Service. 2. Number of employees at present
in the (a)Inside Service; (b) Outside Service. Presented April 14, 1921. Mr.
Edwards Not printed.
135. Return to an Order of the House of the 7th April, 1921, for a Return showing: —
1. Total number of persons in the employ of the Dominion Government, including
both the inside and outside service, but not including the Canadian National Rail-
ways. 2. Number of persons in the employ of the Canadian National Railways
Presented April 15, 1931. Mr. Reid (Mackenzie.) Not printed.
136. Return to an humble Address of the Senate to His Excellency the Governor General,
dated March 30, 1921, of: — All correspondence exchanged between the Imperial
Governmeiit and the Government of Canada in connection with the representation of
this country, either in the British Parliament or in any council ; its participation in
the administratiaon of the British Empire, its contribution to the wars of the Empire
and to the establishment of a British or Canadian Navy. The Senate. .. .A^ot printed.
137. Report of the Air Board, for the year 1920. The Senate Not printed.
138. Copy of Proceedings of the CaTiada-"West Indies Conference, 1920. Presented by Sir
George Foster, April 18, 1921 Not printed.
139. Return to an Order of the House of the 6th April, 1921, for a Return showing: —
1. "Whether the Young Men's Christian Association associated with the Canadian
Expeditionary Force in the great war submitted to the Government a statement of
accounts showing all moneys received and expended by that body both by way of
contribution from people in Canada and arising out of sales to Canadian troops.
2. If so, whether the Government will lay same upon the table of the House. 3. If
not, whether it is the intention of the Government to procure and distribute such a
statement. Presented April 18, 1921. Mr. Griesbach Not printed.
21
11-12 Georee V List of Sessional Papers A. 1021
CONTENTS OF VOLUME Q—Cotiiinued
140. Return to an Order of the House of the 9th March, 1921, for a Return showing: —
1. Number of Soldiers' Hospitals in Canada at present. 2. Number of patients in
each hospital. 3. What staff each hospital carries. 4. Total expenditure on these
Military Hospitals. 5. Whether any of the said hospitals have been closed recently.
6. Number of soldier patients transferred from military to general or civic hospitals
throughout the country. 7. Staff maintained at Ottawa for the inspection and general
direction of these Military Hospitals. 8. Names and respective salaries of the members
of said staff. 9. Whether any efforts have been made to save money by having
soldier patients attended by local doctors. Presented April 18, 1921. Mr. Proulx.
Not piinted.
141. Return to an Order of the House of the 4th April, 1921, for a copy of the special papers
and correspondence concerning the application to the Board of Pension Commissioners
of Mrs. Brunelle, widowed mother of the late Sergeant Major N. Brunelle, No.
62068, for a pension. Presented April IS, 1921. Mr. Lemieux Not printed.
142. Return to an Order of the House of the 8th March, 1921, for a copy of all corre-
spondence in connection with the employment and resignation of M. Abel Guibeau,
en<^ineer on hoard the Canadian Traveller, in 1919, and on the Canadian Soicer In
1919-1920. Presented April 18, 1921. Mr. Rinfret Not printed.
143. Copy of Order in Council, P.C. 1270, dated 12th April, 1921, appointing the Honourable
James Duncan Hyndman, Judge of the Supreme Court of Alberta, William D. Staples,
Fort William, Ont., J. H. Haslam, Regina, Sask., and Lincoln Goldie, Guelph, Ont.,
commissioners to inquire into and report upon the subject of handling and marketing
of grain in Canada. Presented by Sir George Foster, April 19. 1921 Not printed
144. Reports of Ministers of Justice, approved by the Governor in Council, upon Provincial
Legislation from 1896 to date. Presented by Hon. Mr. Doherty, April 21, 1921.
Printed for distribution, in hound form.
?45. Return to an Order of the House of the 26th April, 1920, for the production of copies
of all correspondence, reports and documents exchanged between the Government and
those in charge of the shipyard at Sorel, or any other person, in relation to the pay-
ment of a bonus to the employees of said shipyard, and the interruption or cessation
of same. Presented April 21, 1921. Mr. Cardin Not printed.
146. Return to an Order of the House of the 13th April, 1921, for a Return showing: —
1. ^Miether the Government operated a telegraph line in Northern British Columbia
prior to the taking over of the Great North Western Telegraph Company's line in
connection with the Grand Trunk Pacific Railway and Canadian Northern Railway.
2. Whether the Government is still operating both telegraph lines, namely, the old
Government line and the Great North Western Telegraph line. 3. Why the Govern-
ment is continuing to operate two telegraph offices in Hazelton, New Hamilton,
Smithers, Telkwa and some other points along the Grand Trunk Pacific. 4. Whether
the business warrants the maintaining of two separate telegraph offices in the towns
mentioned. Presented April 21, 1921. Mr. Reid (Mackenzie.).; Not printed.
147. Return to an Order of the House of the 11th April, 1921, for a copy of telegrams.
correspondence, petitions or other documents exchanged between the Government
of Prince Edward Island and the Federal Government relative to the taking over and
operating of the Dalton Sanatorium by the Federal Government and the handing
back of the same to the Government of Prince Edward Island. Presented April 21,
1921. Mr. Sinclair (Queen's, P.E.I.) Not printed.
148 Return to an Order of the House of the 21st April, 1921, for a Return showing: —
1. Number of persons per mile of railway in operation in Canada in 1896, 1911 and
1914. 2. Number of persons per mile of railway in operation in each of the nine
provinces (Alberta and Saskatchewan as now bounded), giving the mileage in each
of the provinces in 18^96, 1911 and 1914. Presented April 21, 1921. Mr. Casgrain.
Not printed.
14.Q Return to an Order of the House of the 21st April, 1921, for a Return showing;—
* Names occupation and residence of the persons who have applied for the position
of sunerintendent of the Government shipyards at Sorel. Presented April 21, 1921.
Mr. cardin ^^o^ P'""'*^''-
150 Copies of Orders in Council P.C. 2483. dated 23rd October, 1920, and P.C. 2652 dated
xow. V. 1 ^ ^gj. J920, in respect to changes in the organizataion of the Law Branch
of the House. Presented by Hon. The Speaker, April 22, 1921 Not printed.
■JM Return to an Order of the House of the 3flth March, 1921, for a statement showing the
151. -t^e^^^n examining officials of the Customs Department, Toronto, and the respec-
tfvT salaries of each of said officials. Presented April 2-5, 1921. Mr. Arc^ambault ^^
22
11-12 George V List of Sessional Papers A. 1921
CONTENTS OF VOLUME d— Continued.
152. Sixth Annual Report of the Board of Dii-ectcrs of the Canadian Northern Railway
System, for the year ended December 31, 1920. Presented by Hon. Mr. Reid, April
2G, 1921 Not printed.
153. Return to an Order of the Senate of the 26th April, 1921, for an Order showing: —
The amount actually paid or due for wages for the first 20 of the most highly paid
men on the Canadian National Railways in the following classes: — (1) engineers;
(2) firemen; (3) trainmen; (4) local firemen; (5) yard foremen; (6) yard helpers.
Give the amount per month in each case starting from July 1, 1920, up to January
1, 1921, and the total for the six months in each case. The Senate Not •printed.
154. Return to an Order of the House of the 4'th April, 1921, for a copy of all correspondence
between the Governm.ent and the Board of Trade and City Council and Harbour
Commission of Quebec, since the session of 1917, with regard to the diversion of the
Northwestern grain trade to New York, the alleged non- fulfilment by the Govern-
ment of its undertakings with regard to the terminals of the Transcontinental Railway
at Quebec, and of the Memorials addressed to the Prime Minister on these subjects.
Presented April 27, 1921. Mr. Lavigueur Not printed.
154«. Supplementary Return to an Order of the House of the 4th April, 1921, for a copy of
all correspondence between the Government and the Board of Trade and City Council
and Harbour Commission of Quebec, since the session of 1917, with regard to the
diversion of the Northwestern grain trade to New York, the alleged non-fulfllment by
the Government of its undertakings with regard to the terminals of the Transcon-
tinental Railway at Quebec, and of the Memorials addressed to the Prime Minister
on these subjects. Presented May IS, 1921. Mr. Lavigueur Not, printed.
155. Return to an Order of the House of the 2:5th April, 1921, for a Return showing the
number of returned soldiers who have purcha,sed farms through the Soldiers' Settle-
ment Board in the County of Bonaventure, the average price paid for said farms,
the number of said farins which have been abandoned and the disposition made by
the Government of the said farms, the loss incurred, if any, and the names of the
soldiers who have settled in the said county, showing the respective localities. Pre-
sented April 2i8, 1921. Mr. Marcil (Bonaventure.) Not printed.
156. Return to an Order of the House of the 19th May, 1920. for a Return showing: —
1. Number of persons employed in the Finance Department in Ottawa. 2. Their
names and salaries. Presented April 28, 1921. Mr. Hocken Not printed.
157. Return to an Order of the House of the 11th April, 1921, for a Return showing: —
1. Number of officials now employed by the Canadian National Railway system in
the traffic and operating departments. 2. Number of officials employed by the Cana-
dian Northern Railway in the traffic and operating departments prior to the Govern-
ment taking over the system. 3. Number of officials employed by the Grand Trunk
Pacific Railway in the traffic and operating departments prior to the Government
taking over the system. 4. Number of officials employed by the Canadian Govern-
ment Railways, namely, the Intercolonial and Transcontinental, in the traffic and
operating departments prior to the amalgamation of the companies into the Canadian
National systenu 5. Total cost in connection with wrecks on the Canadian National
Railway on the line between Saskatoon and Calgary for the year 1920. 6. Whether
the cost of wrecks was charged up to operating expenses or to capital account. 7.
Total detention expenses on the Canadian National Railway between Saskatoon and
Calgary for the year 1920. 8. Why it is that certain equipment for the Canadian
National Railway is charged to operation expenses in stead of capital account. 9.
Total amount charged to capital account for the year 1920 in connection with Cana-
dian National Railways. Presented April 28, 1921. Mr. Myers Not printed.
158. Copy of Order in Council P.C llS/13i61, dated 20th April, 1921, respecting the retire-
ment of James W. Watson of the Department of the Naval Service. Presented by
Hon. Mr. Ballantyne, May 3, 1921 Not printed.
159. Return to an Order of the House of the 11th April, 1921, for a copy of all corre-
spondence since January 1, 1912, between the Minister of Railways and Canals or any
officer of the Department of Railways and Canals at Ottawa, and any officer of the
Intercolonial Railway, and between any of such officers and Messrs. G. J. Davie and
Sons, or any solicitor or agent of the firm, respecting the expropriation of land at
L.§vis, Quebec, for the purposes of the Intercolonial Railway. Presented May 3,
1921. Mr. Fielding Not printed.
160. Return to an Order of the House of the 18th April, 1921, for a copy of all corre-
sjyondence, telegrams and other documents exchanged between the Department of
Justice and the Department of the Attorney General in the province of Alberta, in
regard to the vacancy in the District Court Judgeship occasioned by the transfer of
Judge McNeil to the Judicial District of Calgary. Presented May 3, 19'21. Mr. Shaw.
( Not printed.
23
11-12 George V List of Sessioiuil Papers A. 1921
CONTENTS OF VOLUME d—Conliniied.
161. Return to an Order of the House of the 7th March, 1921, for a Return showing: —
1. Total number of enlistments in the Canadian Expeditionary Force (including mon
wlio enlisted under the Military Service Act) from the outbreak of the war to
Armistice day. 2. Number of the said men who served in (a) Canada; (b) fingland,
and (e) France. 3. The total num/ber of examinations of pensioners conducted by
the Board of Pension Commissioners from June, 1920, to date. 4. Number of reduc-
tions in pensions made and the total amount thereof. 5. Cost of the administration
of the Board of I'ension Commissioners for the whole period of the Board's existence.
6. Number of employees (a) male, and (b) female, employed by the said Board, and
number of the male employees who saw service in France. 7. Number of men
employed in the Department of Soldiers' Civil Re-establishment "who saw service in
France, and the total cost of administration of this department to date. 8. Number
of men in the service of the Soldiers' Settlement Board and the Vocational Training
Board, and what number of them saw service in France. Presented May 3, 1921.
Mr. Gordon Not printed.
162 Report of the Royal Commission appointed under Part I of the Inquiries Act, by Order
in Council of May 20, 1919, to inquire into and concerning the possibilities of the
Reindeer and Musk-Ox industries in the Arctic and sub-Arctic regions of Canada.
Presented by Hon. Mr. Meighen, May 4, 1921 Not printed.
163. Return to an Order of the House of the 16th March, 1921, for a copy of all corre-
spondence, documents, telegrams, reports, memoranda, tenders and contracts having
reference to or in connection with the repairs of the wharf situated at St. Michel,
County of Bellechasse, Quebec, from October 1, 1918, to date. Presented May 7,
1921. Mr. Fournier Not printed.
164. Return to an Address to His Excellency the Governor General of the 11th April, 1921,
for a copy of all correspondence, telegrams, petitions and other documents exchanged
between the Dominion Government and the Ontario Provincial Government or any
Ministers of either Administration, relative to the removal of the British Ermbargo
on Canadian cattle. Presented May 9, 1921. Mr. Smith Not printed.
165. Return to an Address to His Excellency the Governor General, of the 11th April, 1921,
for a copy of all correspondence between the Chief Justice of Ontario and any
Member of the Government as to the Judges' Act of the Session of 1920. Presented
May 9, 1921, Mr. Lemieux Not printed.
166. Return to an Order of the House of the 2nd May, 1921, for a Return showing (o) the
number of officials transferred from Calgary, Winnipeg, Ottawa, Halifax, or other
points in Canada to Vancouver (Soldiers' Civil Re-establishment Department) since
November 1, 1920. (&) Whether said transferees are married or single, (c) Number
of officials in Vancouver whose services have been dispensed with since November 1,
19 20 (Soldiers' Civil Re-establishment Department), also number to whom notice of
retirement has been given. (d) Names of those transferred into Vancouver and
positions to which they were assigned. Presented May 9, 1921. Mr. Stevens.
Not printed.
J 67. Return to an Order of the House of the 14th March, 1921, for a copy of all official
correspondence between the Government of Canada or any Member thereof, and the
Government of tlie Province of Manitoba, or any member thereof, respecting subsec-
tion 5, of clause 325 of the Consolida/ted Railway Act of Canada. Presented May 9,
1921. Mr. Cahill Not printed.
168. Copy of Supplementary Extradition Convention with the United States, signed at
London on the 15th January, 1917. Presented by Hon. Mr. Doherty, May 11, 1921.
Not printed.
168«. Copy of a Convention between the United States and Great Britain, signed January 15,
1917, making the wilful desertion of wife or children in the United States and Canada
an extraditable offence. Presented by Hon. Mr. Doherty, May 21, 1921.
Not printed.
169. Return to an Order of the House of the 21st March, 1921, for a copy of all corre-
spondence, telegrams, reports, memoranda in the hands of the Minister of Public
Works, Officials of the Public Works, Superintendent of Engineering Department, in
and for the Province of Quebec, Mr. A. R. Decarie, and Engineering Department at
Ottawa pertaining to and regarding the construction, repairs or improvements at the
following named harbours: St. Ulric, Malane, Ste. Felicite, Ruisseau h. Loutre,
Mechins, all in Matane County, from January, 1918, to date. Presented May 12.
192il. :\Ir. Pelletier Not printed.
24
11-12 George V List of Sessional Papers . A. l'921
CONTENTS OF VOLTJME d— Continued.
170. Return to an Order of the House of the 4th March, 1921, for a statement showing: —
1. The amounts loaned or the credits made by the Government of Canada since the
19th April, 192i0' (a) to Greece, (b) to Roumania. 2. The respective dates of these
loans or credits to (a) Greece, (b) Roumania. 3. The nature of goods bought by
the Government of Canada (a) for Greece, (b> for Roumania. 4. The names of
corporations, Arms or persons from whom these goods have been purchased, (a) the
nature of the merchandise in each case, (b) the amounts paid by the Government
to tliese corporations, firms or persons in each case and also the date of said pay-^
ments. Presented May 13, 1921. Mr. Archambault Not printed.
171. Return to an Order of the. Senate of the 17th May, 1921, for a Return showing: —
1. The amount of money paid each year by the Government of Canada subsequent
to 1910 to, for, or in connection with: (a) The Intercolonial Railway (b) the Canadian
Northern Railway, and its subsidiaries; (c) the Grand Trunk Pacific Railway; (d) the
Transcontinental Railway; (e) the Grand Trunk Railway of Canada. 2. Apart from
the above, the amount of loans to each. 3. The total amount charged to date to
capital account against or in connection with the Intercolonial Railway and the Grand
Trunk Pacific Railway, separately. 4. The additional amount, if any, paid by the
Government to, or in connection "with the Intercolonial Railway, and the Grand
Trunk Pacific Railway, separately, and not charged to capital account. The Senate.
Not printed.
172. Return to an Order of the House of the 9th May, 1921, for a copy of all correspondence
between any member of the Government or any official of the Insurance Department
with any member of any Provincial Government or any I'rovincial Superintendent
of In.surance or any association of Provincial Superintendents of Insurance with
respect to the resolution amending the Insurance Act standing in the Minister of
Finance's name on the Order Paper or the subject matter of the resolution. Pre-
sented May 2i0, 192)1. Mr. Lemieux Not printed.
173. Copy of correspondence in respect to an alleged invitation to the Honourable P. J.
Veniot to enter the Dominion Cabinet. Presented by Hon. Mr. Meighen, May 20^ 1921.
3 74. Return to an Order of the House of the 2Sth April, 19211, for a Return showing: —
1. How many automobiles the Government owns and uses in Ottawa. 2. How many
chauffeurs are employed, their names and respective salaries. 3. Who the Ministers
are and Deputy Ministers who use the said cars. 4. What other officials are using
them' and for what special purpose. 5. Whether any of said automobiles have been
used on Sundays during the last fiscal year. If so, by whom. 6. Whether the
Government has any garage in the city of Ottwa. 7. If so, what it cost during the
last fiscal year for maintenace, wages, gasoline, repairs of all, and tires, respectively.
S. Whetber the said garage was purchased by the Government. If so, from whom, at
what price, and when it was purchased. Presented May 26, 1921. Mr. Lanctot.
Not printed.
175. Return to an Order of the House of the 7th March. 1921, for a Return showing:—.
1. Number of Civil Servants in the Inside Service in each Department of the Govern-
ment on December 31, 192'0. 2. How many days absence,, exclusive of regular holi-
days, were recorded in each Department for the year 19 2i0. Presented May 2'6, 19 21.
Mr. Steele .Not printed.
176. Report of the Oommiittee appointed by the Minister of Justice to advise upon the
revision of the Penitentiary Regulations and the Amendment of the Penitentiary
Act, February 28, 1921. Presented by Hon. Mr. Doherty, May 28, 1^21. ..Not printed.
177. Copy of Draft Conventions and recommendations of the International Labour Confer-
ence, Washington, 1919, and of the International Labour Conference, Geneva, 1920.
Presented by Hon. Mr. Doherty, May 28, 1921 Not printed.
178. Copy of all papers, correspondence, etc., in the Department of the Naval Service in
connection with the sale of H.M.C.S. "Niobe." Presented by Hon. Mr. Doherty, May
28, 1321 Not printed.
179. Copy of an opinion from^ the Deputy Minister of Justice to the Under Secretary of
State as to the date on which, under Section 109 of the Canada Temperance Act,
prohibition, if the vote be favourable to, is to come into force in New Brunswick, and
how that day is to be determined. Presented by Hon. Mr. Doherty, May 2(8, 1921.
Not printed.
180. Copy of Order in Council, P.C. 1217, dated 9th day of April, 1921, transferring the
administration of the Agricultural Fertilizers Act from the Department of Health
to the Department of Agriculture. Presented by Hon. Mr. Tolmie, May 31, 1921.
Not printed.
25
11-12 Gcori^c \' • List of Sessional Papers A. 1021
CONTENTS OF VOLUME 9— Continued.
181. Return to an Order of the House of the 21st April, 1931, for a Return showing: —
1. How many secretaries, private-secretaries, assistant-private-secretaries, joint-secre-
taries to Ministers of the Crown have been appointed since 1911. 2. Date of each
nomination. 3. Names of the nominees. 4. Salary each has been receiving. 5. By
what minister each has been appointed. 6. Whether all or any of such persons are
still in the employ of the Government. If so, their names, what position they are
occupying and salary they are receiving. Presented June 1, 1921. Mr. Parent.
, Kot printed.
182. Annual R<port of the Superintendent of the Geodetic Survey of Canada for the fiscal
year ending March 31, 1920. Presented by Hon. Mr. Tolmie, June 2, 1921.
Not printed.
183. Copy of the Joint Report of the International Boundary Commission upon the Survey
and Demarcation of the Boundary between the United States and Canada, from the
western terminus of the land boundary along the forty-ninth parallel on the west
side of Point Robfrts, through Georgia, Haro, and Juan de Fuca Straits, to the
Pacific ocean, together with two identical signed joint charts, in accordance with the
provisions of Article VIII of the Treaty signed at Washington, April 11, 1908. Pre-
sented by Hon. Mr. Tolmie, Jvme 2, 1921 Not printed.
184. Interim report of His Honour Julge Snider on the disposition of a quantity of
publications from the Distribution Branch of the Government Printing Bureau. Pre-
sented June 3, 1921 Not printed.
184«- Letter from Fred Cook, Esq., Chairman of the Editorial Committee on Governmental
Publications, and F. C. C. Lynch, Esq., respecting Judge Snider's Report on the
discarding of publications at the Government Distribution Office, with a copy of
Inventory No. 1. Presented June 4, 1921 Not printed.
26
REPORT
OF THE
SUPERINTENDENT OF INSURANCE
DOMINION OF CANADA
FOR THE
YEAR ENDED DECEMBER 31
1920
VOLUME II
LIFE INSURANCE COMPANIES
PRINTED BY ORDER OF PARLIAMENT
OTTAWA
F. A. ACLAND
PRINTER TO THE KING'S MOST EXCELLENT MAJESTY
1S21
11 GEORGE V SESSIONAL PAPER No. 8 A. 1921
TABLE OF CONTENTS, 1920.
VOLUME 11.
Page.
Report of Superixtexdext of Insurance to Minister of Finance for 1920 dated Oct. 1, 1921,
referring to:
Life Insurance, 1920 —
Number of companies transacting life insurance vii
Amount of Insurance effected in 1920 vii
Amount of Insurance in force in 1920 vii_
Amount of Insurance terminated in 1920 viii
Canadian policies new and in force viii
Death rate in Canada ix
Rate of disbursements in respect of assurance and annuity contracts per cent of premiums
received for the years 1879-1920 ix
Valuation of life policies in Canada xi _
Canadian life companies in foreign fields xvi
Fraternal Benefit Societies, Life Insurance, 1920 xvi
Legal Decisions:
(a) Bird v. New York Life Ins. Co xvii
(b) Dame Descotes v. CoUette ^^W.
(c) Re Dickenson and North American Life Assurance Co ^'^\V:
(d) Executors and Administrators Trust Co. v. Mackenzie et al xviii
(e) Re Grant xviii
(/) Re Knibbs and Royal Templars of Temperance xviii
(g) In re Mellon estate xviii
(k) Re Naubert xix
(i) Re Oddfellow's Relief Association and Blarney xix
(j) Roy, demandeur v. L'Ordre Independant des Forestiers, defendeur, et Samson,
intervenant xix
(k) Selick v. New York Life Ins. Co xx
(I) Standard Trusts Company v. Canada Life Assurance Co. et al xx
(m) Dame Villeneuve v. Union Mutual Life Insurance Co. et dame Leduc et autre?,
intervenant xx
Legislation:
Dominion legislation xxi
Provincial legislation xxi _
Investigation of agency practices xxvii
Fraternal Benefit Societies xxviii
Departmental Staff ■- . . xxviii
Abstract of Statement,s.
Abstract of Life Insurance in Canada for 1920 xxx
Summary of Life Insurance in Canada for the years 1875-1920 xxxvi
Income and Disbursements in respect of Assurance and Annuity Contracts of all Companies doing
business in Canada for the years 1879-1920 xxxviii
Income and Disljursements of Canadian Life Companies for the years 1879-1920 xxxix
Canadian Life Companies, Assets, 1920 xl^
Canadian Life Companies, Liabilities, etc., 1920 xlii
Canadian Life Companies, Bases of Valuation xliv
Assets in Canada of British and Foreign Life Companies, 1920 xlvi
Liabilities, etc., in Canada of British and Foreign Life Companies, 1920 xlviii
Income of Companies transacting Life Insurance, 1920 1_
Disbursements in respect of Assurance and Annuity Contracts, 1920 liv
Disbursements of Companies transacting Life Insurance, 1920 Ivi
Life Insurance issued and terminated during the year 1920 Ix
Nature of Life Insurance issued during the year 1920 Ixiv
Nature of Life Insurance in force at 31st December, 1920 '''^j..
Insurance in force including Disability Benefits Ixviii
Schedule of Funds and Separation of Accounts Ixxii
Fraternal Benefit Societies, Abstract of Life Insurance, 1920 Ixxxviii
Fraternal Benefit Societies, Abstract of Sickness and Funeral Insurance, 1920 xc_
Fraternal Benefit Societies, Assets and Liabilities, 1920 xci
Fraternal Benefit Societies, Income and Disbursements, 1920 ' xciv
Insurance terminated in Fraternal Benefit Societies, 1920 xcv
Life Insurance in Canada, 1920 xcvi
Statement showing the Movement of Securities of Canadian Life Companies during the six months
ended June 30, 1920:—
Bonds and debentures purchased xcyiii
Stocks purchased cxii_
Bonds, debentures and stocks sold or matured cxiii
iv DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
Page.
Real estate purchased or acquired cxx
Real estate sold cxxii
Collateral loans made cxxv
Collateral loans repaid cxxvi
Mortgage loans cxxvii
Policy loans c'xxviii
Statements made by Canadian Trustees of P'oreign Companies showing the Movement of Securities
held by them in trust for the Companies during the six months ended June 30, 1920: —
Bonds and debentures received cxxix
Bonds and debentures and stocks released cxxix
Mortgage loans cxxix
Statement showing the Movement of Securities of Canadian Life Companies during the six months
ended December 31, 1920:—
Bonds and debentures purchased : cxxx
Stocks purchased cxl _
Bonds, debentures and stocks sold or matured cxlii
Real estate purchased or acquired cxlix
Real estate sold clii
Collateral loans made civ
Collateral loans repaid '^^'^\.
Mortgage loans clvii_
Policy loans clviii
Statements made by Canadian Trustees of Foreign Companies showing the Movement of Securi-
ties held by them in trust for the Companies during the six months ended December 31,
1920:—
Bonds and debentures received clix
Bonds and debentures and stocks released clix
Mortgage loans clix
Rates of dividends to policyholders declared during the year or at last previous allotment by Life
Insurance Companies: —
Mtna clxii
Ancient Order of Foresters clxiii
Canada clxiy
Com mercial Union clxvi
Confederation clxyii
Continental clxix
Crown clxx
Dominion clxxi
Equitable clxxii
Excelsior clxxv
Great-West clxxvii
Guardian clxxx
Imperial clxxxi
London and Scottish clxxxin
London clxxxiv
Manufacturers clxxxv
Metropolitan • clxxxix
Mutual of Canada cxc
Mutual and Citizens' cxcii
Mutual of New York cxciii
National of Canada cxcvi
New York cxcyii
North American cxcix
North British and Mercantile cci
Northern ccii
Phoenix of London ccui
Sauvegarde *^^^'^
Royal • ccv
Sovereign ccvi
Standard ccvu
State ccvu
Sun ccviu
Travellers of Canada ^^^\.
Travelers of Hartford *^^^H.
Union Mutual ccxiu
United States ccxv
List of Insurance Companies licensed to do business in Canada as at September 30, 1921, showing
amount of Deposit with Receiver General ccxvi
Statement of assessments made on Life Companies for the year ending March 31, 1920 682
The In-dex to the Individual Companies and Fraternal Benefit Societies will
be found at the end of the book.
REPORT OF THE SUPERINTENDENT V
SESSIONAL PAPER No. 8
APPENDICES.
Appendix A.
Page
List of Directors and Shareholders of Canadian Life Companies 561
Appendix B.
General Business Statements not printed with Canadian Statements (wO
11 GEORGE V
SESSIONAL PAPER No. 8
A. 1921
Department of Insurance,
Ottawa, Oct. 1, 1921.
To the Honourable Sir Henry Dratton,
Minister of Finance.
Sir, — I have the honour herewith to submit the statements in detail of Life Insurance
Companies for the year 1920, together with such an abstract and analysis of them as appear
proper to exhibit the progress of the business and the condition of the companies.
LIFE INSURANCE, 1920.
The business of life insurance was transacted by forty-four active companies — twenty-five
Canadian, eight British and eleven Foreign.
In addition to these active companies there were tliree British companies and one Foreign
company licensed to transact hfe insurance but which had ceased to write new insurance, their
business being confined to the policies already on their books, while eight companies (four
British and four Foreign) were authorized under the Act to transact business in connection
with pohcies written prior to March 31, 1878.
During the year 1920 the life insurance companies may be said to have resumed normal
experience so far as death claims are concerned, the effect of the war and of influenza having
practically disappeared with the year 1919. The volume of business written , however, continued
to increase during the year 1920, a considerable amount of this increase being due to the growth
in- group insurance which was authorized in Canada in the year 1919. During that year the
amoimt written was comparatively small, but during th^ year 1920 the net amount in force
in Canada reached the total of $76 , 925 ,486.
The returns furnished by the life insurance companies show that the gross new business
issued and paid for in cash in Canada amounted to $641,778,095, as compared with $524,543,629
in 1919. The net death claims incurred amounted to $18,025,849.
On pages Lxxii to Ixxx is given a statement of the several funds of Canadian life insurance
companies which are paying dividends to either shareholders or policyholders, and also a state-
ment of the revenue and expenditure in the participating, non-participating and shareholders'
accounts respectively during the year 1920. On pages bcxxi to Ixxxvii is given a summary state-
ment of the principles and methods employed by these companies in the separation of funds.
A statement of net business in force subject to disability benefits is givenon pages Ixviii to Ixxi .
Insurance Effected during the Year.
The following summary shows the total amount of policies issued and paid for in cash in
Canada during the year 1920, together with the increases in the amount so issued during the
years 1919 and 1920 :—
Gross issued
and paid for Increase, 1920 Increase, 1919
in cash, 1920. over 1919. over 1918.
Canadian companies $397,553,184 $ 77,402,479 $140,721,390
British companies 15,967,383 4,702,989 5,295,381
Foreign companies 228,257,528 35,128,998 65,275,302
Total $ 641,778,095 $ 117,234,466 $ 211,292,073
Life Insurance in Force at the end of the Year.
The net amount of insurance in force in Canada at the date of the statements and the increase
over that of the previous year are shown in the following table: —
Net amount Increase 1920
in force. over 1919.
Canadian companies $ 1,664,348,605 $ 301,717,043
British companies 76,883,090 9,975,026
Foreign companies 915,793,798 157,496,107
Total $ 2,657,025,493 $ 469,188,176
viii DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
The tables on pages xxxvi and xxxvii show the progress of the total business jear by year,
beginning with 1875, both as regards the amount of insurance effected and the total amount
in force.
Amocnt of Insurance Terminated DtJRiNG the Year.
The gross amount of insurance terminated in Canada in natural course, namely, by death,
maturity, expirj-, or disability, and the gross amount terminated by surrender and lapse are
showTi by the summary following, also the respective increases over the previous year. The
total termination from these causes is about 30 per cent, of the gross amount of new policies
issued.
Increase By surrender Increase
Naturally. 1920 over 1919. and lapse. 1920 over 1919
Canadian companies S 20,141,132 S 3,482,986 ? 96,634,771 $ 28,574,697
British companies 1,936,376 —136,838 3,757,685 1,189,455
Foreign companies 15,965,384 2,313,369 69,413,500 17,716,663
Total $ 38,042,892 $ 5,659,517 §169,805,956 §47,480,815
The following table shows the rates of termination per
end of the year for each of the last six years : —
,000 net amount in force at the
Naturally.
By surrender and lapse.
1915
1916
1917
1918
1919
1920
1915
1916
1917
1918
1919
1920
Canadian companies
British companies
Foreign companies
S c.
15 .39
34 92
23 08
S 0.
17 20
.33 97
23 53
S c.
16 23
30 26
21 35
$ c.
19 58
45 91
21 67
$ c.
12 22
30 99
18 00
$ c.
12 10
25 19
17 43
$ c.
97 53
87 89
123 27
S c.
72 97
57 15
74 47
S c.
57 03
61 45
61 62
$ c.
56 48
68 30
59 40
$ c.
49 95
38 38
68 17
$ c.
58 06
48 88
75 80
All companies
18 71
19 57
18 46
20 92
14 80
14 32
105 12
72 79
58 73
57 78
55 91
63 91
Canadian Policies, New and in Force (Gross).
The following table shows the number, gross total amount and gross average amount of
ordinary and industrial poUcies in Canada, both new and in force, divided among the various
classes of companies.
New.
In force.
-
Number
Total
Amount
Average
Amount
of a
. Policy.
Number.
Total
Amount.
Average
Amount
of a
Policy.
Ordinary policies: —
Canadian companies
British companies
Foreign companies
169,484
4,441
92,765
$
399,820,995
14,814,025
146,500,166
•S
2,. 3.59
3, 336
1,579
837,769
31,. 375
384, 620
•S
1,639,773,947
76.535,453
602.055,041
%
1.957
2,439
1,565
All companies
266.690
561,141,186
2,104
1,253,764
2,318,364,441
1,849
Industrial policies: —
Canadian companies
British companies
Foreign companies
55, 268
10,493
348,926
11,857,232
2,105,710
56,975,467
215
201
163
241,300
19,317
2,059,243
.34.201.151
3,069,4.37
267,280,4.31
142
159
130
All companies
414,687
70,938,409
171
2,319,860
304,551,019
131
REPORT OF TEE SVPERINTENDEH^T
IX
SESSIONAL PAPER No. 8
Death Rate in Canada.
In the calculation of the death rate this year, as in previous years, the naean number of
policies in force plus one-half the number terminated by death and the number of policies termin-
ated by death during the year have been admitted as approximations to the mean number of
lives exposed to risk of death and the number of deaths during the year, respectively. It is
believed that the results arrived at represent the actual mortality per 1,000 among insured lives
in Canada as accurately as can be gathered from the returns of the companies.
Number
of policies
exposed to
Risk of
Termina-
tion by
Death
in 1920.
No.
Terminat-
ed by
Death
in 1920
Rate of Termination by Death.
1920 1919 1918 1917 1916 1915
Active companies, ordinary
Active companies, industrial
Assessment and fraternal societies
Non-active and retired companies
All companies
1,177,608
2,215,815
' 206,066
1,974
8,125
18,634
2,643
173
6-9
8-4
12-8
87-6
7-5
8-3
12-6
55-5
14-8
13-4
18-3
46-8
11-3
10-6
16-5
37-6
10-6
10-3
13-7
56-6
8-4
120
41-4
3,601,463
29,575
8-2
8-3
141
111
10-6
8.8
Figures incomplete
Premium Income.
A table showing the premium income in Canada for Canadian, British and Foreign com-
panies, separately, for each year beginning with 1875, is given on page xxxvii.
Disbursements in Respect of Assurance and Annuity Contracts.
Including the business done out of Canada by the Canadian companies, and the Canadian
business of the British and Foreign companies, the total amount of disbursements in respect of
assurance and annuity contracts during 1920, was as follows: —
Death claims (including bonus additions) S 22,143,449
Disability claims 28,272
Matured endowments (including bonus additions) 9,286,948
Annuities 2,041,800
Surrender values 9,817,056
Dividends ^ 10,120,531
Total $ 53,438,056
The disbursements by the different companies are given on pages Uv and Iv.
Including the business done out of Canada by the Canadian companies, a table showing
the total premium income and disbursements in respect of assurance and annuity contracts of
all companies, other than assessment companies and fraternal societies, doing life insurance
business in Canada, for the last forty-two years, and also the rate of such disbursements per cent
of premiums received, is given on page xxxviii.
This table shows that for every $100 premiums received during the year the disburse-
ments in respect of assurance and annuity contracts were $46-94, leaving $53-06 to be carried to
reserve, expense and profits, and also that these disbursements for the forty-two years were
53 -38 per cent of the premium income for the same period.
Canadian Companies.
(Business in and out of Canada.)
The assets and liabilities, income and disbursements of the Canadian life companies are
given under their respective headings on pages xl, xlii, 1 and Ivi. The tables of mortality
employed by the various companies in the calculation of their net reserve are indicated on
page xliv.
The tables on pages 1 and Ivi referred to above show that the income of the Canadian
life companies was $104,639,853, and their disbursements $64,698,790. Out of every $100
income there was expended in disbursements in respect of assurance and annuity contracts,
$35.35; in general expenses, $23.50; in taxes, $1.24; and in dividends to shareholders, $0.91;
otherwise, $0.82; leaving $38.18 to be carried to reserve.
X DEPARTMEyr OF INSURANCE
11 GEORGE V, A. 1921
The table at page xl shows that the total assets at December 31, 1920, of the Canadian
life companies other than fraternal benefit societies (including S20, 387, 246 outstanding and
deferred premiums and interest and rents due and accrued which have not yet gone into income)
amount to §420,018,399, an increase over the corresponding amount at the end of the year
1919 of 843,414,349.
The net amount of risks in force has increased during the year from 81,712,062,023 to
82,083,037,584, a gain of 8370,975,561 and the reserves have increased from 8321,027,592
in 1919 to $359 , 548 , 337 in 1920, an increase of 838 , 520 , 745.
A table showing the premium and other income of the Canadian companies other than
fraternal benefit societies, during the past fortj^-two years and also disbursements in respect
of assurance and annuity contracts, disbursements for general expenses and dividends paid to
shareholders during the'same period is given on page xxxix.
Valuation of Life Policies in Canada.
The following are the results of the valuation of the policies of life insurance companies
and fraternal benefit societies completed by the Department since the issue of the last report.
Assurances were valued on the basis of the British Offices Om (5) Table of Mortality, with 3| per
cent interest and life annuities were valued according to the British Offices Life Annuity Tables
(1893) with interest at 3| per cent, except as noted.
REPORT OF THE SUPERINTEyOEXT
XI
SESSIONAL PAPER No. 8
^TNA LIFE INSURANCE COMPANY.
Valuation as at December 31, 1919.
AssuHANCE Section.
Class of Contract.
Gross in force.
Number.
Amount.
Reserve.
Ordinary with profits —
Life
Endowment assurance.
Term, etc
Bonus addition
Disability No. 1
Disability No. 2
Totals.
Ordinary without profits —
Life
Endowment assurance.
Term, etc
Disability No. 1
Disability No. 2
Totals.
Group without profits —
Term , etc
Extra reserve for deficient premiums (sec. 103 (3))
Disability
Totals
Grand totals.
1,793
4,975
740
2,368,014
8,681,304
1,118,563
2,057
7,508
12,169,938
2,031
3,234
2,950
6,848,063
4. 711,. 583
10,574,883
8,215
22,134,529
*24
4,412,900
24
4,412,900
15,747
38,717,367
1,483,542
3,176 406
93,962
1,146
13,676
526
4,769,258
812,718
937,616
81,886
14,841
1,890
1,848,951
21,854
19,262
199
41,315
,659,524
'Number of lives assured, 3901.
Annuity Section.
Class of Annuity.
Gross in force.
Number.
Annual
Payment.
Reserve.
With profits — ,
Supplementary contracts: —
1
4
$ cts.
2.50 00
1 , 000 00
$
3,281
9,000
Totals
5
1,250 00
12,281
Without profits —
2
2
599 60
75 00
2,003 60
3,201
Supplementary contracts: —
886
7
25,680
Totals
11
2,678 20
29,767
16
3,928 20
42,048
Summary of Reserve.
With Without Total.
Profits. Profits.
Total net reserve on the statutory basis of valuation $ 4,781,539 $ 1,920,033 8 6,701,572
XI 1
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
THE CROWN LIFE INSURANCE COMPANY.
Valuation as at December 31, 1919.
AssuRA^•CE Section.
Class of contract.
Gross in force.
Reinsured in
licensed ir
Companies
1 Canada.
Amount
Reserve.
Amount.
Reserve.
Ordinary with profits —
Life
$
12,913,232
2,926,376
75,842
4,564
(189 15)
$
1,514,649
768,064
4,358
2,319
576
2,367
$
280,226
51,500
$
33,6.58
17,487
Term , etc
Totals
15,920,014
2,292,333
331,726
51,145
Ordinary without profits —
Life
4,069,372
687,245
661,708
436,527
116,628
6,664
433
675,950
35,. 500
147,640
84,920
4,209
1,111
Totals
5,418,325
560,252
8.59.090
90,240
21,338,339
2,852,585
1,190,816
141,385
Annuity Section.
Class of Annuity.
With profits —
Supplementary contracts: —
Not involving life contingencies .
Without profits —
Life annuities proper
Supplementary contracts: —
Not involving life contingencies .
Totals...
Grand totals.
Gross in force.
Number.
Annual
Payment.
$ cts.
805 55
980 40
1,250 00
2,230 40
3,035 95
Reserve.
9,916
4,098
16,091
20,189
30,105
Summary of Reserve.
With Without
Profits. Profits. Total.
Total reserve, policy and annuity contracts S 2,302,249 $ 580,441 $ 2,882,690
Total reserve on reinsured contracts 51,145 90,240 141, .38o
490,201 $ 2,741,305
22,185 96,916
Total net reserve on the statutory basis of valuation $ 2, 251 , 104 $
Deduction made therefrom (being the full deduction per-
under Section 43 (3), Insurance Act, 1917) 74,731
Netreserve ? 2,176,373 $ 468,016 $2,644,389
REPORT OF THE SUPERINTENDENf
SESSIONAL PAPER No. 8
Xlll
PROVIDENT SAVINGS LIFE ASSURANCE SOCIETY OF NEW YORK.
Valuation as at December 31, 1920.
Gross in force
Number.
Amount.
Reserve.
Assurances
Ordinary with profits —
Life
483
64
79
S
700,884
93,759
148,503
18,720
$
308 300
Endowment assurance
76,413
5 159
Term , etc
Bonus addition
included
above.)
Totals
626
961,866
389,872
Annuities. —
Without profits: —
Life annuities proper
1
(Annual
Payment).
(77 73)
936
Grand totals
627
961,866
,390 808
XIV
DEPARTMEyr OF INSURANCE
11 GEORGE V. A. 1921
THE SASKATCHEWAN LIFE INSURANCE COMPANY.
Valuation as at December 31, 1919.
Assurance .Seciiox.
Class of Contract.
Gross in force.
Reinsured in Companies
licensed in Canada.
Number.
Amount.
Reserve.
Amount.
Reserve.
Ordinary with profits —
Life".
1,681
53
6
$
3,565,376
91,000
24,000
(35,413)
S
195,988
8,108
339
(3,567)
789
$
82,419
8,500
$
1,428
Endowment assurance
137
Term, etc
Contingent additions
Disability
Totals
1,740
3,680,376
205,224
90,919
1,565
Ordinary without profits —
Life
12
2
13
27,500
2,000
44,000
3,670
1,063
345
Totals
27
73,500
5,078
Grand totals
1,767
3,753.876
210, .302
90,919
1,565
AxxriTY Section.
Class of Annuity.
Gross in force.
Number.
Annual
Payment.
Reser\'e.
With profits —
Supplementary contracts:—
1
S cts.
250 00
S
3,326
1
Summary of Reserve.
Total reser\-e, policy and annuity contracts.
Total reserfve on reinsured contracts
With
Without
Profits.
Profits.
Total.
208,550 S
5,078 S
213,628
1,565 ..
1,565
Total net reserve on the statutory basis of valuation S 206, 985 S
Deduction made therefrom (being the full deduction per-
mitted under Section 43 (3), Insurance Act. 1917) 24,417
Netreser^-e S 182,568 S
5,078 S
73
212,063
24,490
5.005 $ 187,573
REPORT OF THE SUPERINTENDENT
XV
SESSIONAL PAPER No. 8
THE TRAVELERS INSURANCE COMPANY (OF HARTFORD, CONN.',
Valuation as at December, 31 1919.
Assurance Section.
Class of Contract.
Gross in force.
Reinsured in Companies
licensed in Canada.
Number.
Amount.
Reserve.
Amount.
Reserve.
Ordinary with profits —
Life
120
78
1
256,750
157,500
15,148
8,060
$
106,235
123,718
11,059
377
$
$
Totals :
198
437,458
241,389
Ordinary without profits —
Life
6,145
1,705
2,720
20,022,073
3,967,738
13,686,704
177,879
3,637,978
1,231,608
123,521
18,229
65,643
18,873
343,264
9,696
Term, etc
485,416
5,474
Return premium benefits
Reserve for deficient premiums under
Sec. 103 (3), Ins. Act . .
4,563
224
Totals
10,570
37,854,394
5,095,852
828,680
19,957
Group without profits —
17
1,590,400
7,960
10,785
39,882,252
5,345,201
828,680
19,957
Annuity Section.
Class of Annuity.
Without profits —
Life annuities proper
Supplementary contracts: —
Involving life contingencies
Not involving life contingencies.
Disability annuities
Totals.
Gross in force.
Number.
Annual
Payment.
$ cts.
12,760 41
1,260 00
29,307 89
1,768 00
45,096 30
Reserve.
69,486
21,767
394,405
24,663
510,321
Summary of Reserve.
Total reserve, policy and annuity contracts.
Total reserve on reinsured contracts
With
Profits.
241,389 $
Without
Profits. Total.
5,614,133 $ 5,855,522
19,957 19,957
Total net reserve on the statutory basis of valuation $ 241,389 $ 5,594,176 $ 5,835,565
XVI
DEPARTMENT OF IX SV RANGE
11 GEORGE V, A. 1921
Canadian Life Companies in Foreign Fields.
The undermentioned Canadian life insurance companies carry on business out of Canada
in the several countries, states, etc., set opposite their respective names : —
The Canada Life Assurance Company: — Great Britain and Ireland: Bermuda; Nassau; Newfoundland
Illinois: Michigan; Minnesota; Ohio;' Pennsylvania; Washington; Hawaii. ;
Confederation Life Association: — Great Britain and Ireland; Jamaica; Newfoundland; San Salvador;
Trinidad; Costa Rica; Cuba; Guatemala; Mexico.
The Great-West Life Assurance Company: — Michigan; Minnesota; North Dakota.
The Imperial Life Assurance Company of Canada: — Antigua; Barbados; Bermuda; British Guiana;
British Honduras; Dominica; Grenada; Jamaica; Nassau; Newfoundland; St. Kitts; St. Lucia; San
Salvador; Trinidad; Porto Rico; Colombia; Costa Rica; Dutch Guiana; Hayti; Honduras; French
Guiana; Guatemala; Nicaragua.
The London Life Insurance Company: — Newfoundland.
The Manufacturers Life Insurance Company: — Great Britain and Ireland; Antigua; Barbados; Ber-
muda; British Guiana; British Honduras; Cape Colony; Ceylon; China, (Treaty Ports); Curacao;
Federated Malay States; Grenada; Hong Kong; India; Jamaica; Mauritius; Newfoundland; Straits
Settlements; Transvaal; Trinidad; Illinois; Michigan; Ohio; Pennsylvania; Hawaii; Philippine
Islands; Porto Rico; Colombia; Costa Rica; Cuba; Dutch Guiana; Egypt; Haiti; Japan; Java;
Mexico; Panama; Santo Domingo; Siam; Sumatra.
The Mutual Life Assurance Company of Canada: — Ne^-foundland.
The National Life Assurance Company of Canada: — British West Indies.
North American Life Assurance Company: — Bahamas; Bermuda; British West Indies; Newfoundland ;
Illinois; Michigan; Pennsylvania; Washington.
Sun Life Assurance Company of Canada: — Great Britain; Bahamas; Bermuda; British Guiana; Burma;
Ceylon; India; Ne'wioundland; South Africa; Straits Settlements; West Indies; Maryland; Michigan;
New Jersey; Pennsylvania; Virginia; Hawaii; Philippine Islands; Porto Rico; Argentine Republic;
Asia Minor; Central America, Chile; China; Colombia; Cuba; Dutch Guiana; Egypt; French Guiana;
Japan; Manchuria; Peru.
Fraternal Benefit Societies, Life Insurance, 1920.
The business of life insurance was transacted by nineteen societies, eight Canadian and eleven foreign.
Of the foreign societies ten previously transacted business in Canada under Provincial licenses.
The following table summarizes the transactions of the year in Canada.
Canadian
Societies
Amount of policies taken during 1920
Increase over amount of policies taken during 1919
Amount of folicies in force at the end of 1920
Increase over amount of policies in force at the end of 1919
Amount of policies terminated by death during 1920
Amount of policies terminated by other causes during 1920. .
Total terminations per cent of new policies
Paid by members
Paid to members
$
12,727,091
2,. 321, 248
137,057,828
3,002,429
1,868,508
10,961,533
101
2,691,826
2, 723, 725
Foreign
Societies
t 4,323,700
65, 700, 477
"801^577
1 839,761
61
1,044,996
929,099
Totals
$
t 17,050,791
202,758,305
t
t 2,670,085
t 12,801,294
t 91
3,736,822
3,652,824
* 1919 figures not available. t Complete information not available.
The details of individual societies are given on pages Ixxxviii to xcv.
REPORT OF THE SUPERINTENDENT XVll
SESSIONAL PAPER No. 8
LEGAL DECISIONS
Life Insurance
(a) Default in Payment of Premium — Lapse of Policy — Reinstatement upon Written Applica-
tion and Payment of Ai-rears — Untrue Answers to Questions in Application — Findings
of Jury — Ahsence of Fraud — Answers Written by Agent of Company — Provision for
Reinstatement Contained in Policy — Condition — Fulfilment — Insurance Act of Canada,
1910, sees. S.'f, So, 05 (d), (j) — Authority of Agent — Whether Agent of Insured — Reopening
of Question Whether Evidence upon which Reinstatement Granted Satisfactory.
A policy of insurance issued by the defendants on the life of B., in favour of his wife, the
plaintiff, as beneficiary, having lapsed by reason of the non-payment of the half-yearly premium
due in (February, 1918, L., the defendants' agent, called upon B. and the plaintiff in April,
1918, and received paj-ment of the overdue premium, and at the same time obtained from B.
an application for the reinstatement of the policy. The application was approved by the
defendants and the policy reinstated. The premiums were duly paid thereafter, and on the
10th February, 1919, B. died. The defendants refused to pay, alleging that in the application
signed by B. three questions were answered falsely, namely : " 4. What illnesses, if any, have
you had since the date of the above policy? A. None." " 6. What physicians have treated
you or have you consulted since the date of the above policy? A. No." " 7. Are you now in
sound health? A. Yes." It appeared that B. had been and was at the time of the application
being treated by a physician for the disease froin which he died ; that he disclosed the facts
to L. ; but that L. wrote the answers to the question in the application form, and B. signed it
without reading it. In an action upon the policy, the jury found that the answers to questions
4 and 7 were not in fact untrue and were not material, but that the answer to question 6
was untrue and was material, and that all three answers were acted upon by the defendants.
They also found that B. disclosed to L. all the information necessary to enable L. to write
truthful answers ; that L. obtained from B. full knowledge of all material facts for the purpose
of the reinstatement application before B. signed it ; that B. did not make to L. any statement
which he (B.) knew to be false; that B. was not guilty of any fraud; that B. was induced
by the statements or representations of L. to sign the application in the form in which he did
sign it; that he so signed it without knowing or understanding its full meaning and effect;
and that his failure to know and understand was due to the statements and representa-
tions of L. : —
Held, that the application for reinstatement and its acceptance by the defendants did not
constitute a new contract or policy of insurance.
'Sections 84 and 95 (d) and (j) of the Insurance Act of Canada, 1910, 9 and 10 Edward
VII, ch. 32, considered.
The provision in the policy for reinstatement was in reality a condition, to the effect that
written application should be made by the insured ; that evidence of insurability satisfactory
to the company should be presented ; and that any loan interest due and all arrears of premiums
with 5 per cent interest should be paid.
This condition was in fact complied with ; fraud on the part of B. had been negatived by
the jury ; the defendants had reinstated the policy upon evidence which they considered satis-
factory; and they could not, in the absence of fraud, be permitted to reopen the question and
say that the evidence upon which they acted Iwas unsatisfactory.
The findings of the jury absolved B. from all real responsibility for the truth or otherwise
of the written answers.
Even if L. exceeded his real authority in writing untruthful answers, that did not make
him B's agent. Apart from sec. 85 of the Insurance Act, L., acting with real authority to
obtain from B. the application for reinstatement, must be deemed to have been clothed with
full authority, short of fraud on iB's part, for everything that he (L.) did.
Great Northern Insurance Co. v. Whitney (1918), 57 Can. SjC.R. 543, and similar earlier
cases, applied'.
The finding of the jury that the answer to question 6 was untrue and was material and
was acted upon by the defendants, did not, in view of the other findings, stand in the way of
the plaintiff.
May 7, 1920. — Ontario High Court — Bird v. Neio York Life Insurance Company. — XLVII
Ontario Law Reports, 510.
(b) Cession judiciaire de biens—Mari et femme — Assurance du mari en faveur de sa femme —
Bilan — Creanciers — C. proc, art 83^, 86Ji, 86S.
1. Le produit d'une police d'assurance de $3,O0iO prise par un mari en faveur de sa femme
n'est pas le gage des crganciers de ce dernier. II s'ensuit que la femme qui, apres le d§cfis de
son mari, a continue le commerce de ce dernier, et fait une cession judicaire de ses biens, n'est
pas tenue d'entrer dans son bilan ce montant qu'elle a retirfe.
2. Meme si cette somme appartenait a.ux creanciers du mari, il n'y aurait pas lieu k m&pris
de Cour si elle refusait de remettre les $3,000.
October 28, 1919. — Quebec Superior Court — Dame Descotes v. Collette. — 57 Quebec Reports,
420.
8— B*
Xviii DEPARTMENT OF IXSURANCE
11 GEORGE V, A. 1921
(c) Benefit of Wife designated by Name — Death before Death of Insured — Remarriage of,
Hitsband — Distribution among Surviving Wife and Children — "In Equal Shares" —
Ontario Insurance Act, sec. 178 (I,) (6 Geo. V. ch. 36, sec. 5).
The words of sub-sec. 4 of sec. 178 of the Ontario Insurance Act, R.S.O. 1914, ch. 183, as
enacted by the amending Act 6 Geo. V. ch. 36, sec. o, "such insurance money shall
be for the benefit in equal shares of the wife living at the maturity of the contract and the
children of the assured," do not mean that the wife is entitled to one half and the children to
the other half among them — the wife shares with the children, taking the same share as each,
so that where there are two children the wife takes one third and each child one third.
December 3, 1919. — Ontario High 'Court — Re Dickenson and North American Life Assur-
ance Co. — XLiVI, Ontario Law Reports, 380.
(rf) Wife named as Beneficiary in Policy— Declaration in Case She Pre-decease Insured — ■
S. 186 (Z) of ch. 15 of 1915, Sask.
If a life insurance policy names the insured's wife as the beneficiary he may before her
death declare in the policy that in case of her predeceasing him the moneys be payable to
his estate, notwithstanding sub-sec. 2 of sec. 186 of ch. 15 of 1915, Sask. Statutes.
June 30, 1920. — King's Bench, Saskatchewan — ExeciUors and Administrators Trust Com-
pany V. MacKensie et al — 1920, Vol. 3, W.W.R, 110.
(e) Policy in favour of Wife — Death of Wife Before Maturity of Contract — Beneficiaries —
Estate of Insured — Life Insurance Beneficiaries Act (Alta.)
An insurance policy in favour of a wife who dies before the maturity of the contract in
the absence of any declaration provided for by sec. 9 (9) of the Life Insurance Beneficiaries
Act (6 Geo. v., Alta ch. 25) becomes under clause (c) of sub-sec. 9 of the Act one for the
Benefit of the child or children of the assured and forms no part of the estate of the assured.
If the policy is payable to the wife if living and if not then to the insured's executors, admini-
strators or assigns, such insurance goes to the executors of the will of the assured and forms
part of his estate. i
March 19, 1920. — Alberta Supreme Court — Re Grant — ^51, Dominion Law Reports, 369.
(/) Certificate of Friendly Society — Change of Beneficiary — Issue of New Certificate — Assigji-
ment or Surrender — Ontario Insurance Act, R.S.O. 191^, ch. 183, sec. 181 (2).
By a " life insurance certificate," issued in 1903, a " mortuary benefit " was payable " to the
beneficiary or beneficiaries designated hereon." The insured, by endorsement, named his wife
as beneficiary. In 1906, the insured, by a writing endorsed on the policy, changed the beneficiary
to his stepson ; his wite signed a memorandum agreeing to the change ; the certificate was then
delivered to the Society, and a new certificate was issued, payable to the stepson, who undertook
to pay the premiums. The new certificate was on a different plan. The wife died in 1913,
and the insured in 1919. —
Held, that what was done amounted to an assignment or a surrender of the certificate,
within the meaning of sec. 181 (2) of the Ontario Insurance Act, R.S.O. 1914, ch. 183, and the
stepson was entitled to the insurance moneys.
December 15, 1919. — Ontario High Court — Re Knibhs and Royal Templars of Temperance —
XLVI, Ontario Law Reports, 410.
(g) Alberta Insurance Act, S. iS — Effect of Statutory Provision Making Moneys under Policy
Payable within Province — Provision «i Policy that Foreign Laiv Governs. — Apj)lication
and Effect of Ontario Law — Beneficiary under Policy Predeceasing Assured — Effect of
Will.
The provision in sec. 43 of The Alberta Insurance Act, ch. 8 of 1915, that the moneys
payable under policy of life insurance shall "be payable in the province, when the assured is
or dies domiciled therein, notwithstanding anything contained in any policy or the fact that
the head office of the insurance corporation is not within the province," does not purport to do
more than declare that the situs of the debt shall be in the province, and does not make the
law^ of Alberta apply in determining the construction of the contract when the assured died
domiciled in Alberta, especially where the policy provides that in all cases of claims under it
the law of another province shall govern.
The life insurance law of Ontario was held applicable in the distribution of moneys under
policies, so as to give the entire proceeds of one policy to a surviving preferred beneficiary,
and the proceeds of another policy to surviving children of the assured not designated as
beneficiaries in the policy (the designated beneficiary having been the deceased's wife who
predeceased him) ; and the assured's will which made no general or specific reference to the
policies was held not to affect the disposition of the moneys.
September 7, 1920. — Alberta Supreme Court In re Mellon Estate. — 1920, Vol. 3, W.W.R., 413.
REPORT OF THE SUPERINTENDENT ' xix
SESSIONAL PAPER No. 8
(h) Contract Made and Parties Domiciled and Insurance Moneys Payable in Province of
Quebec — Contest as to Disposition of Insurance Moneys — Agreement of all Persons
Interested that Decision be according to Law of Ontario — Validity — Claim of Creditors
— Representation of Creditors — Rule 75 — Policy Payable to Wife by Name or in Event
of Her Death to Heirs, Executors, Administrators, or Assigns — Death to Wife —
Remarriage of Assured — Rights of Second Wife — Will — "My Insurances" — Declaration
tinder Ontario Insurance Act — Sees. 163 (I), 111 (3), ITS, 179, (1) Amending Act, 6, Geo.
V, ch. 36, sec. 5, — Rights of Widow as against Children.
In January, 1905, N., then domiciled in the province of Quebec, procured a policy of assur-
ance upon his life from an insurance company whose head office was in that province. By the
policy the sum assured was made payable at the company's head office to the wife of N., whose
full name was set out in the policy, or, in the event of her death, to the heirs, exeioutors,
administrators, or assigns of N. The wife named in the policy and two children were then
alive; but the wife died in 1906; in 1907 N. married again; and his second wife and his two
children survived him. In 1911, he became domiciled in Ontario, where he died in l')19. having
first made and published a will, dated the 28th April, 1919, by which he gave certain personal
property to his son, and to his wife, naming her, "my insurances, my furniture and all my
other properties, real and personal." He had two life insurance policies, one being that
mentioned above ; the moneys payable under that policy were the subject of an application to
the Court, upon which a creditor of N. appeared.
An order was made directing that the creditor before the Court should represent all
creditors. Rule 75.
The contract having been made in Quebec between parties there domiciled and the money
being payable in that province, semble, that the law of that province should govern.
All parties, however, desired that the case be decided on the law of the Province of Ontario,
and had signed an agreement to that effect —
Held, that the agreement was valid — there being no third parties whose rights were
derogated from, no infant concerned, no statutory direction violated, and no public Interest
injuriously affected.
The creditors contended that the insurance moneys formed part of the estate of N., avail-
able for the payment of debts : —
Held, applying the law of Ontario, that the bequest of " my insurances " was a sufficient
declaration in favour of N.'s second wife, as a member of the preferred class of beneficiaries,
to entitle her to payment of the insurance moneys.
Sections 163 (1), 171 (3), 178, and 179 (1) of the Ontario Insurance Act, R.S.O. 1914,
ch. 183, considered.
Re Baeder and Canadian Order of Chosen Friends (1916), 36 O.Li.R. 30, and re Monkman
and Canadian Order of Chosen Friends (1918), 42 O.L..R. 363, followed. •
Re Wrighton (1904), 8 O.L.R. 630, distinguished. And, therefore, the creditors could take
nothing.
Held, also, that if sub-sec. 4 of sec. 178 of the Act, as enacted by the amending Act of 1916,
6 Geo. V. ch. 36, sec. 5, was applicable to this pre-existing policy, it did not affect the rights
of the widow as against the children.
October 20, 1919. — Ontario High Court — Re Naubert. — XL.VI Ontario Law Reports, 210.
(i) Presumption of Death of Insured — Insurance Act, R.S.O. 1914 ch. 183, sec. 165 (i), (5) — •
Evidence — Disposition of Insurance Money — Administration Dispensed with.
Motion by the association, under the In.surance Act, R.S.O. 1914, ch. 183, sec. 165 (4) and
(5), for a declaration as to the presumption of death of George F. Blamey, a person whose
life was insured by the association, and for a direction as to the payment of the insurance money.
Lennox, J., in a written judgment, said that there was ample evidence to support a
presumption of the death, under the terms of the statute, and the money or benefit secured
by certificate >ro. 18909 was immediately payable. There was also good ground for believing
that Blamey died intestate, unmarried, and without lawful issue. The parties should not be
put to the expense of administration, and payment into Court was unnecessary. There should
be an order declaring that the presumption of death had arisen, directing the payment of the
nioney, less the association's costs of the motion, to the next of kin of Blamey mentioned in
the affidavits, and exonerating the association from further liability.
August 16, 1920. — Ontario High Court Division — Re Oddfellows' Relief Association and
Blarney.- — 19, Ontario Weekly Notes, 49.
(j) .Association de bienfaisance — Benefice — Interet assurable — Fiance — Stipulation pour autrui —
Revocation — C. civ., art. 1029, 2.i7Ji, 2-}75.
1. Pour qu'un contrat d'assurance .soit valide, il n'est pas n^cessaire que la b§n§ficiarie de
la police ait un interet dans la vie de I'assure ; I'interet qu'a I'assure dans sa propre vie suffit
a rendre le contrat valide.
2. Lorsque les reglements d'une association de bienfaisance permettent aux membres qui en
font partie de constituer comme beneficiaire de leur dotation soit un parent, soit le fiance ou
la flancfie, dans ce dernier cas, la personne d&signee ne cesse pas d'etre benSficiiarie '.parce
qu'elle cesse d'etre fiancee, si I'attribution de benefice n'est pas modifiee conformement aux
reglements de I'association.
3. La revocation de la stipulation pour autrui et du benefice d'une assurance ne peut plus
avoir lieu quand le bSneflciaire les a acceptes.
June 30, 1920. — Quebec Superior (ZJourt — Roy, demandeur v. L'Ordre independant des,
Forestiers. defendeur, et Samson, intervenant — 58 Qjtebec Reports 33S.
XX DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
(fc) Untrue Ansivers of Assured upon Application — Materiality of Answers — Fraud — Unsatis-
factory Findings of Jury — Judgment of Appellate Court upon the Evidence, Disregard-
ing the Findings — Judicature Act, sec. 27.
Appeal by the defendants from the judgment of Orde, J., upon the findings of a jury, in
favour of the plaintiff, for the recovery of $3,318.49 and costs, in an action upon a policy of
insurance upon the life of the plaintiff's husband, Joseph Selick, who died on the 30th March,
191S.
At the first trial certain questions as to the materiality of untrue answers as to previous
illnesses given by the insured in his application were submitted to the jury. The jury found
that the answers were untrue but were not material.
It was held that the findings of the jury that the answers were not material and that there
was no fraud must be set aside as unsatisfactory. The case was one in which the Court should
exercise the powers conferred by Section 27 of the Judicature Act and pronounce final judgment
instead of directing a new trial. The appeal should be allowed with costs and the action be
dismissed with costs.
December 20, 1920. — Ontario Appeal Court — Sehck v. New York Life Insurance Company —
19, Ontario Weekly Notes, 260.
(/) Contract — Misrepresentation not Inducing other I'arty — Life Insurance Policy Assigned
Collateral to Land Mortgage — Purchasers of Land assuming Mortgage and Policy
—Assured redeeming part of Policy from Purchasers — Misstatement of Assured's Age
causing Reduction of Policy Moneys on his Death — Burden of Loss not on Assured's
Estate because Purchasers not induced to Contract by Amount of Policy.
F. as collateral security for payment of a mortgage ot $50,000 assigned to the mortgagee
a policy of Insurance on his life for the same sum, the mortgaged land being charged with
payment of the premiums. Subsequently in an agreement between F. and certain purchasers of
the land who assumed payment of the mortgage, F. assigned said policy to purchasers subject
to payment of premiums and the rights of the mortgagee. Provision was made for F. redeeming
the policy or part thereof by paying to the purchasers a proportion of its cash surrender value
as they paid the mortgage instalments. If F. should die before the due date of the mortgage
(which event occurred) the purchasers on receiving the insurance moneys were to pay to F.'s
estate the amount of any instalments in reject of which F. had paid them the cash surrender
value. Before F's death the purchasers paid an instalment of $5,000 on account of the mortgage
and F. paid to them one-tenth of the then cash surrender value of the policy. It was- discovered
when proof of death was made that F. 'had made a mistake in s'tating his age and therefore the
policy onJy stood good for $47,500 instead of $50,000.
Held F's estate was entitled to be paid by the purchasers one-tenth the face of the policy
and should not bear the full burden of the $2,500 reduction in the policy; for the evidence
showed that the purchasers regarded the policy as* a burden rather than as an advantage ; had
the correct age of assured been known the mortgagee might have required further insurance
with further premiums and therefore the policy would have been regarded as a further burden ;
and therefore one of the essentials for relief on the ground of misrepresentation, viz., that the
misrepresentation induced the act of the other party to whom it was made, did not exist.
The policy moneys were "received" by the purchasers" within the meaning of the agreement
when they were applied to the payment of the mortgage.
In above respect the judgment of Stuart, J., reported at (1919) 3 W.W.R. 387 was reversed
On other questions his judgment as there reported was sustained.
February 4, 1920. — Alberta Supreme Court Appellate Division — The Standard Trusts
Company v. Canada Life Assurance Company et al — 1920 Vol. 1, W.W.R., 516.
(m) Contrat de mariage — Donation — Police d'assurav:ce — Transfert — Enregistrement — Heritiers
—Interet— Rapport— Partage—C. civ., art. 712, 80J, a 808, 1292, 1298, 11,22, 2113.
1. La clause suivante dans un contrat de mariage, savoir : "Le futur gpoux promet et s-'engage
de faire mettre au nom de la future epouse la police d'agsurance qu'il a actuellement sur sa
vie," cr6e une obligation et un lien de droit parfait entre le futur 6poux et la future §pouse,
ma'is non entre cette derniSre et la compagnie d'ass-urance qui a assure I'epoux, vu qu'elle ne
contient qu'une simple promesse de transfert futur qui ne s'est pas realis§e.
2. Les epoux, ayant s'tipule, dans leur contrat de mariage, la separation de biens, c'6tait
a I'epouse, la donatrice, qu'incombait I'obligation de faire enrigestrer la donation et non a, son
4poux, et, pour cette raison, les heritiers de I'epoux ont droit de se prevaloir du d6faut d'enregis-
trement.
3. Cette promesse faite dans le contrat de mariage est une donation qui n'ayant pas ete
enregi^tr^e, ne peut etre opposfie aux h§ritiers.
4. Une epouse, donataire de son gpoux d'une somme d'argent par son contrat de mariage,
et qui est. en meme temps, un de ses hferitiers, n'a pas d' interet Sl faire valoir cette donation,
si elle n'a pas renonc6 sa succession, vu qu'elle serait tenue de rapporter le montant A la
masse.
5. Lorsque dans une action en reclamation, k titre de donataire d'une somme d'argent qui,
en realit§, appartient k la succession dont la donataire est un h§ritier, si le^ autres heritiers
Interviennent pour r^clamer chacun leur part, la Cour, au lieu de rejeter I'action, ordonnera un
partage selon les droits de chacun.
April 26, 1920. — Quebec Superior Court — Dame Villeneuve v. Union Mutual Life Insurance
Company et dame Leduc et autres, intervenants — 58, Quebec Reports, 272.
REPORT OF THE SUPERINTENDENT XXI
SESSIONAL PAPER No. 8
LEGISLATION RESPECTING LIFE INSURANCE AND LIFE INSURANCE COMPANIES.
For other legislation, see Volume I.
1. Dominion Legislation
There was no general legislation amending the Insurance Act passed at the session of
Parliament held in 1920. The following private Acts were passed: —
(1) An Act to incorporate Armour Life As'^rance Company. (Assented to May 11, 1920.}
This Act incorporates the Company with power to transact the business of life insurance,
and is in the model form. The head office of the Company will be in Edmonton, Alberta.
(2) An Act to incorporate The T. Eaton Life Assurance Company. (Assented to May 11,
1920 J
This Act is in the model form and incorporates the Company to transact the business of
life insurance. The head office of the Company will be in the City of Toronto.
2. British Columbia Legislation
(1) An Act to amend the "Life-insurance Policies Act." (Assented to nth April, 1920.)
His Majesty, toy and with the advice and consent of the Legislative Assembly of the
Province of British Columbia, enacts as follows : —
1. This Act may be cited as the " Life-insurance Policies Act Amendiment Act, 1920."
2. The '• Life-insurance Policies Act," being chapter 115 of the " Revised Statutes of
British Columbia, 1911," is amended by adding the following as sections 13A, 13B, and 13C : —
" policies on the lives of infants "
" ISA. A minor over the age of sixteen years may effect contracts of insurance on his
life, and may do in respect of any such contract whatever under this Act a person of full
age may lawfully do, and the like rules of construction shall prevail.
" 13B. No contract of insurance effected by a parent upon the life of his child shall be
invalid by reason only of want of pecuniary interest in the life of the child.
"13C. (1) No contract of insurance shall be effected on the life of a child unless the child
is at least one year old.
" (2) Where a contract of insurance is effected on the life of a child under ten years of
age, the insurance money payable on the maturity of the policy shall not exceed the following
amounts : —
*' Thirty-two dollars if the child dies under the age of two years :
"Forty dollars if the child dies under the age of three years :
"Forty-eight dollars if the child dies under the age of four years:
" Fifty-six dollars if the child dies under the age of five years :
" Eighty-three dollars if the child dies under the age of six years :
" One hundred and twenty dollars if the child dies under the age of seven years :
" One hundred and sixty dollars if the child dies under the age of eight years :
" Two hundred dollars if the child dies under the age of nine years :
"Two hundred and sixty dollars if the child dies under the age of ten years.
" (3) If an insurer enters into a contract on the life of a child under ten years of age,
and the insurance money payable thereunder exceeds the amount fixed by subsection (2), the
premiums paid may be recovered from the insurer by the person making the payments, together
with connpound interest thereon at the rate of seven per cent per annum.
" (4) Except as provided 'by subsection (5), this section shall not apply to a contract of
insurance effected : —
" (a) Before the enactment of this section; or
" (ft) On the life of a child of any age, if the person effecting the insurance has a
pecuniary interest in the life of the child ; or
" (c) On the life of a child under ten years but not less than one year of age, if the
insurance money payable on the death of the child is limited to the pre<miums paid
with interest.
" (5) The provisions of this section shall be printed in conspicuous type on every contract
of insurance hereafter effected on the life of a child under ten years of age and on every
circullar relating to or application for any such contract, or a copy of such provisions printed
in conspicuous type shall be firmly attached to every such contract, circular, or application,
and any person who contravenes this subsection shall toe liable, on summary conviction, to a
penalty of two hundred dollars."
3. The amendments to said chapter 115 enacted by section 2 of this Act shall, except as
therein expressly provided, apply to all contracts of insurance, whether effected before or after
the date on which this Act comes into force.
3. Manitoba Legislation
(1) An Act to amend "The Life Insurance Act". (Assented to March 27^ 1920)
His Majesty, by and with the adivice and consent of the Legislative Asisemlbly of Manitoba,
enaots as follows: —
1. Section 8 of " The Life Insurance uAct," toeing chiapter 99 of the Revised Statutes of
Manitotoa, 1913, is hereby amended toy adding at the end thereof the following words: "but
the asisiured shall not, except as provided by section 9 of this Act, revoke or alter any dispo-
sition made under the provisions of this Act in favour of any one or more of the prefeored
classes set out in section 7 of this Act except in favour of some one or more persons Within
the preferred clasls, so long as any of the persons of the preferred class in whose favour the
contract or declaration is made are living."
xxii DEPARTMENT OF INSURANCE
11 GEORGE V. A. 1921
2. Section 15 of the said Act is here-by repealed and i;he following substituted therefor:
15. If in case of a .policy of insurance heretofore or hereafter effected by a man or woman,
it is expressed on its face to .be for the benefit of, or has been heretofore or shall b.? hereafter
under this Act appropriated (for the ibeneflt of any (person or persons other than his wife or
her huisbanid, or his wife and dhildren, or her hu^and and children, or his or her children or
any of them, ithen the insured may, (by an instrument in writing attached to or endorsed on
the ipolic>' or identifying: the same by its number or otherwise, absolutely re^'oke the benefit
or declaration or ajywopriation previously made and aipportion the insurance morey, or by
like instrument from time to time reapportion the same, or alter or revoke the benefits, or add
or substitute new ibeneficiaries, or divert the insurance (money "wholly or in ipart to himself or
his estate, provided that the insured slhall not alter or revoke or divert the benefit of any person
who is a beneficiary 'for rvalue.
'3. The repeal of said section -15 shall apply to all ipolicies of ineurance existing or future,
liut shall not affect any payments wihich have already been miade (by any insurance company
in accordianjce with any revocationi, appropriation, reapportionment or diversion of the moneys
as penmitteid by said section 15 (before its rei)eal.
4. 'Section 25 of the isadd Act is hereby amended iby adding thereto the following sub-
jections :
(2) Where a contract of insurance is 'made or declared to be /for the ibenefit of one or
more preferred (beneficiaries and all of them are of f\ill age, they and tflie assured may
surrender the contract or may assign or disjKJse of the same either abisolurtely or by way of
security.
(3) "Where such preferred 'benieficiajries include (Children it shall (be sufficient so far as
their interests are concerned if ail then living are of full age and join in the surrender or
assignment or disiposal, as the case may be.
(4) Where a person is .entitled to a toenefit only in the event of (the death of another person
named as a (benieficiary it shall he sufficient for the purposes of this section if such last-
mentioned person joins in the surrender, assignment or disposal.
5. This Act shall come into force on the day it is assented to.
4. — 'New Brunswick Legislation
The only legislation affecting insurance companies is that contained ini " An Act respecting
the imposition of certain taxes on certain Incorporated Companies and Associations ", passed
April 24, 1920. The provisions of this Act respecting insurance or insurance companies are
here given : —
Be it enacted by the Lieutenant-Governor and Legislative Asseanibly, as follows: —
1. This Act may .he cited as "The Corporations Tax Act, 1920."
2. In this (part, unless the context otherwise requires: —
(a) The expression "Extra Provincial (Corporation " means a corporation created otherwise
than by or under the authority of an Act of the Legislature of New Brunswick.
(b) The expre»sion "Company" When used with reference to insurance, includes any
company, corporation, association, underwriters' agency, firm, partnership or individual
underwriter of any asisociation of underwriters formed upon the plan known as Lloyd's.
(c) The expression "Insurance. Company" shall include life, industrial, fire, inland transit,
accident, automobile, bond, burglar^-, guarantee, explosion, plate glass, sickness, steam
■boiler, tornado and sprinkler leakage companies wh.iclh transact (business or accept
risks fwithin the province, wherever the head office may toe situated.
(d) The expression "Policy" includes any policy or interim receipt, or any receipt or paper
in renewal thereof, issued against loss or damage by fire on property in this province
and includes a certificate of mem/ber.S(hi.p relating in any way to life insurance and
any otjier written contract contained in one or more documents, providing for insurance
on life or property.
(/) The expression "Premium" aneans any sum payable as a consideration for insurance
and includes the first premium payable upon a policy of insurance and the annual or
other premiums thereafter payable thereon whether for renewals or otherwise.
3. In order to provide for the exigencies of the ipiiblic service there shall toe and are hereby
imposed upon the companies and associationis hereinafter mentioned, the taxes hereinafter
«pecificalily named, fwhich taxes, each of such incorporated companies and associations
respectively shall annually pay to the Provincial Secretary Treasurer for the use of the Province.
INSURANCE COMPANIES
4 (1) Upon all companies accepting risks for carrying on the tousiness of insurance and
which hold a license, under the Insurance Act of the Dominion of Canada to do (business
throughout the -Dominion, taxes are hereby impo.sed (as follows: —
(a) Upon all companies aoceptin,g risks for carrying on the tousiness of insurance against
fire, two per centum of the net premiums received by each of the said companies
aforesaid; provided, however, that in no case 'ShaU the annual tax be less than one
hundred dollars on any one company. .
(h) Upon all insurance companies or associations of any kind having agencies or aooeptmg
risks upon the lives of persons within the Province and transacting the business of
life endowment or industrial insurance, an annual tax of one hundred dollars and in
addition thereto one and one-half prjr centum of the net premiums received toy each
of the companies aforesaid. i, ,•* «
(c) Upon all companies accepting risks or carrying on insurance other than life or lire,
two per centum of the net premiums received by each of the said companies aforesaid ;
provided, however, that in no case shall the annual tax toe less than T\\-enty-five
Dollars upon any company.
r
REPORT OF TEE SUPERINTENDENT xxiii
SESSIONAL PAPER No. 8
(2) Upon any company inoorporated under the laws of any Province in Canada for the
purpose of carrying on the touisiness of insurance (hereinafter referred to as a Provincial Com-
pany which does not hold a license under the Insurance Act of the Dominion of Canada and
whioh receives a permit froTn the Provincial Secretary-Treasurer to carry on business within
ihe Province, a tax of two per centum of the net premiurms received by the company aforesaid
provided in no case sJiall the tax be less than Twenty-flve Dollars.
(3) Upon any person, partnership, firm, association or corporation within the province
accepting insurance in 'any company not taxed by the foregoing sulbsections of this section,
there is hereby iimposed a tax of two per centuan of the net (premiums paid by any such
insured in respect to any insurance policy issued by 'suoh company -within the Province, provided,
that this tax shall not be Imposed with respect to renewal premiums upon all life policies issued
prior to the passing of ithis Act.
(4) In the construction of Section 4 of this Act the words "net premiums" are hereby
declared to mean the gross premiums received by each of said companies upon its business
within the Province for the year preceding the first day of May of the year in whicfh the tax
is paid less any amount paid for reinsurance within the province, or upon the cancellation of
any of its policies, provided, however, tloat in the case of a mutual company " net premiums "
sliall mean the gross permium deposited less the unabsorbed jiortion of the premium actually
returned or credited to the policy holder, but shall iniclude intereist at a legal rate upon suoii
unabsorbed premium during the time it is deposited
13. On or .before the first day of May in each year every comipany doing the ibusineas of
insurance within the province shall, without awaiting any notice or demand to that effect from
the Provincial Secretary-Treasurer, forward to him a detailed statement in which shall be. set
forth the gross atmount of the premiums for the then last financial year, showing also in the
case of insurance companies the amounts paid by each such comjpany for reinsurance within
the province or on the cancellation of aniy of its policies, and if a mutual com,pany, the amount
of net premiums as hereinbefore defined. Hvery person, partnership, firm, association or
corporation taxed under sub-section ,(3) of (Section 4, shall make return of the amount of net
preaniums taxable under this Act. At the same date in each year every incorporated bank or
banking company doing business within the province shall make a report to the Provincial
Secretary-Treasurer of the numiber and situation of its offices and agencies and of its volume
of business, as required by section 5 of this Act, and every telephone and telegraph company,
shall, through its manager, agent or qualified official, make a true statement In writing under
oath to the Provincial Secretary-Treasurer showing the entire gross receipts within the province
upon which each company is taxed by this Act, and in the case of insurance and ex,press
companies doing business within the province, each of such companies shall annually, at the
same date in each year, make a report to the Provincial Secretary-Treasurer of the numjber
and situation of its agencies and of the names of its agents at each agency ; which report and
return by this section required shall, in all cases, be verified under oath (by the manager or
general agent of such corporation within the province, or if there be no manager or general
agent within the province then by the agent at the principal agency within the province.
14. Every corporation or association whose duty it is to furnish a statement or report to
the Provincial Secretary-Treasurer, as in the last preceding section required, neglecting or
refusing to make such statement or report or making an incomplete or incorrect statement or
report shall, ipso facto, be liable to a fine of ten dollars per day for each day during which
such neglect or refusal continues, counting from the day when such return .should have been
made as required by the preceding section until such report or statement is forwarded to the
Provincial Secretary-Treasurer. An incorrect or incomplete statement shall be deemed not
to be a report or statement within the requirements of this Act.
15. In the case of a company, corporation, association, firm, partnership, individual under-
writer, underwriters' agency, or association of underwriters formed upon the plan known as
Lloyd's whose principal office or organization is not within the Province, and which does not
hold a license under the Insurance Act of the Dominion of Canada to carry on business of
insurance throughout the Dominion, such annual tax and all fines imposed shall be recoverable
in like manner from or against any agent or broker by or through whom any application for
insurance by such company, corporation, association, firm, partnership, individual underwriter,
underwriters' agency or association of underwriters formed upon the plan known as Lloyd's
was solicited, written, accepted or forwarded, or by or through whom any policy, interim or
renewal receipt of such unlicensed company, corporation, association, firm, partnership,
individual underwriter, underwriters' agency or association of underwriters, formed upon the
plan known as Lloyd's was issued, signed, countersigned or delivered, or from or against any
adjuster or appraiser acting on behalf of such company, corporation, association, firm, partner-
ship, individual underwriter, underwriters' agency or association of underwriters formed upon
the plan known as Lloyd's
18. If any company, firm, broker, agent or other person, shall, as a representative or agent
of, or acting in any other capacity hereinbefore mentioned without paying the taxes herein-
before as provided for, carry on any of its business in JSTew Brunswick, said company, firm,
broker, agent, or other person shall incur a penalty of twenty dollars for every day upon which
it, he, or they, so carry on such business
20. Any Provincial Insurance Company which does not hold a license under the Insurance
Act of the Dominion of Canada desirous of carrying on the business of insurance within the
province must first make application to the Lieutenant-Oovernor-in-Council for permission so
to do, and shall furnish such information and make such deposit as the Lieutenant-Governor-in-
Council may require. Any provincial company receiving permission or license under this
section shall be subject to all the requirements of this Act. No insurance company which does
xx\v DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
not hold a license under the Insurance Act of the Dominion of Canada or which does not
receive permission or a license as hereinbefore provided, shall carry on any of its business
within the Province. Provided, however, that this section shall not prohibit or prevent any
person, partnership, firm, association or corporation from effecting insurance in an unlicensed
company in accordance with section 12» of the Dominion Act 7-8 George V, Chapter 29, entitled
"An Act respecting Insurance." On an insurance company paying to the Provincial Secretary-
Treasurer taxes hereby Imposed and complying with the conditions of this and of other Acts
respecting insurance companies, upon the said taxes being accepted by the Provincial Secretary-
Treasurer, such companies shall be considered as having authority to transact business of
Insurance within the province up to and including the thirty-first day of May next thereafter.
Such authority shall cease on the first day of June in each year unless renewed by the Provin-
cial Secretary-Treasurer accepting the said taxes for another year.
21. Any company unauthorized to transact business of insurance in this province as provided
by this Act, which shall issue any policy or agreement for insurance shall, on conviction, be
subject to a penalty of not less than five hundred dollars, and not more than one thousand
dollars for each policy so issued.
22. Evey insurance company shall file with the Provincial Secretary-Treasurer the nam--,
of its general agent through whom all its business in the province is written or reported, and
who alone shall be authorized by that company to sign or countersign policies, or if a company
has no general agent in this province, the names of all agents hav^ing authority to sign or
countersign policies for such company ; all such agents or general agents to be residents of the
province ; a company may cancel the appointment of its agent or agents and appoint another
agent or other agents, when and as it sees fit, provided notice of such change is given to the
Provincial Secretarj'-Treasurer, provided, however, that in case of Life Insurance Companies
holding a license under the Insurance Act of the Dominion of Canada to do business within
this province or under the provisions of section 20 of this Act, the policy need not be signed
by any provincial agent ; and further provided that this section shall not apply to a policy
issued by an unlicensed company in accordance with section 129 of the Dominion Act 7-8
George V, Chapter 29, entitled "An Act Respecting Insurance," and the policy holder of which
has been taxed under sub-section (3) of section 4 of this Act.
23. Any company which issues a policy not signed or countersigned by a resident of this
province named as agent under section 22, shall be liable to a penalty of not less than two
hundred dollars and not more than five hundred dollars for each policy so issued.
24. Every company through its manager holding jurisdiction in the province or its general
agents or other qualified representative residing within the province, shall, annually, If required
to do so, on or before the first day of April, make a return to the Provincial Secretary-
Treasurer of the net premiums as defined by subsection (4) of section 4 of this Act, on all
business transacted by such company during the year ending the thirty-first day of December
then last preceding, and all books, papers and accounts of such company shall be open to the
inspection of the Provincial Secretary-Treasurer or any person named by him at any time to
enable him to verify statements and transactions aforesaid, but only such agents shall be
subject to this provision as are not required to make returns to any other agent in this province
for premiums received.
25. Any person who adjusts or appraises a loss other than life for or on behalf of any
company under a policy not signed or countersigned by a resident of this province, shall be
liable to a penalty of not less than One Hundred Dollars and not more than Two Hundred
Dollars for each offence, but this section shall not apply to a policy issued under section 129
of the Dominion Act 7-8 George V., Chapter 29, entitled "An Act Respecting Insurance," where
the tax imposed upon any person, partnership, firm, association or corporation under sub-section
(3) of section 4 of this Act has been paid.
26. There shall be, and there is hereby imposed upon all special or travelling agents or
brokers, soliciting insurance within the province for, or on behalf of any company, corporation,
association, firm, partnership, individual underwriter, underwriters' agency or association of
underwriters formed upon the plan known as Lloyd's, an annual tax of one hundred dollar.s
to be paid to the Provincial Secretary-Treasurer, prior to such person engaging in such business ;
provided, however, that no person who is a resident of the province, at the time of the passing
of this Act and continues to have a residence therein at the time of, and during his employment
as such agent, and during such employment has an office or fixed place of business in the
province, nor any person employed after the passing of this Act who shall have resided within
the province twelve months prior to such employment, and who has during such employment
an oflSce, or fixed place of business as aforesaid, shall be subject to the said tax.
27. Any person liable to the tax imposed by section 26 of this Act who shall engage in the
business of soliciting applications for insurance within the province, for or on behalf of any
company, corporation, association, firm, partnership, individual underwriter, underwriters'
agency, or association of underwriters, formed upon the plan known as Lloyd's as aforesaid,
without having first paid to the Provincial Secretary-Treasurer the amount of the said tax,
shall be liable to a penalty of one hundred dollars, and ten dollars additional for every day he
so engages in said business.
2'S. Any agent or person paying the tax aforesaid shall receive a certificate under the hand
of the Provincial Secretary-Treasurer, of the payment of the said tax, and upon such paj-ment,
and the issue of such certificate, notice thereof shall be published in the Royal Gazette. The
payment of such tax and issuing of such certificate shall entitle the person named therein to
prosecute the said business for one year from the date of said certificate but no longer.
29. On the hearing of any information under this Act, proof of the fact of the person
charged having solicited insurance as aforesaid, shall be prima facie evidence of his guilt,
and the onus shall be on him of proving the payment of the said tax, or that he comes within
the exception mentioned in section 26 of this Act. The production of the certificate of the
Provincial Secretary-Treasurer shall be evidence of payment of such tax.
REPORT OF TEE SUPERINTENDENT XXV
SESSIONAL PAPER No. 8
5. — Nova Scotia Legislation.
(1) An Act to Amend Chapter H of the Acts of 1919, entitled, "An Act
Respecting Insurance Agents."
(Passed May 22, 1920.)
Be it enacted by the Governor, Council, and Assembly, as follovv's :■ —
1. Section 4 of said Act is amended by adding thereto the following : —
(c) No person, firm, company, or corporation duly licensed under this Act shall pay, allow
or give or offer to pay, allow or give to any unlicensed person, firm, company, or corporation,
any commission or compensation of any kind, either directly or indirectly, in connection with
service? received or rendered in the placing of any policy or of application for life insurance ;
(d) No life insurance company carrying on business in Nova Scotia shall pay or allow any
commission or compensation to any of its agents on any application or policy of insurance on
the life of said agent or on the life of any member of the family of said agent until said agent
has within twelve calendar inonths paid and settled for at least three policies on the lives of
persons other than said agent or any member of his family.
2. Section 7 of said Act is amended by adding thereto immediately after subsection 2, the
following : —
On and after the first day of June and before the first day of the following month of
October the fees payable for the issue of a Certificate of Authority shall be one-half the fore-
going fees.
3. Section 8 of said Act is hereby repealed, and the following substituted therefor : —
"Any person, firm, company or corporation violating any of the provisions of this Act
shall be liable to a penalty of not less than $25 nor more than $20'i0' and may be disqualified
from obtaining a Certificate of Authority within one year from the date of conviction."
6. Ontario Legislation
(1) The following portions of the Act to amend The Corporation Tax Act, assented to
May 19, 1920, refer to insurance companies and the business of insurance : —
2. The clause lettered e in section 2 of The Corporations Tax Act as amended by section
2 of The Corporations Tax Act, 1915, is repealed, and the following substituted therefor: —
(e) "Insurance company" shall include life, fire, ocean, or inland marine, inland transit,
accident, plate glass, automobile, steam boiler and burglary insurance companies and
guarantee, surety or casualty companies which transact business or undertake risks
on lives or property in Ontario, wherever such companies may be incorporated, whether
the head office is situated in Ontario or elsewhere, but shall not include purely nautual
fire insurance companies or mutual live stock and weather insurance companies licensed
or registered under The Ontario Insurance Act, or friendly societies lawfully trans-
acting insurance business in Ontario under the said Act
5. Subsection 3 of section 4 of The Corporations Tax Act, as enacted toy section 2 of The
Corporations Tax Act, 1914, and amended by section 4 of The Corporations Tax Act, 1915, is
repealed, and the following substituted therefor : —
3. (a) Every life insurance company shall pay a tax of one and one-quarter per cent on
all gross premiums less the cash value of dividends to policy holders, and every other
insurance company of one per cent, calculated on the gross premiums received by the
company in respect of the business transacted in Ontario ;
(b) In the case of mutual fire insurance comrpanies which receive premiums in cash the
tax shall (be calculated on the gross premiums received in cash in respect of the
insurance transacted on the cash plan in Ontario ;
(c) In the case of reinsurance by an insurance company the company reinsured shall be
exempt from the tax imposed on the portion of the premium paid to the reinsuring
company, but the reinsuring company shall be liable for the tax in respect thereof as
part of its gross premiums. Where the reinsuring company does not transact business
in Ontario and has no principal or head office therein, the company reinsured shall
retain in its hands so much of the premium for reinsurance as is equivalent to the
tax imposed in respect of such premium, and shall be liable for the tax and for the
payment thereof to the Treasurer ;
(d) Where any country or any state of any country imposes a tax or license fee which has
the effect of discriminating against insurance companies or against any classes of in-
surance companies organized under the laws of Canada or of Ontario, and having their
principal offices in Ontario, and of imposing a tax or license fee higher or greater
than the tax or license fee which home companies in such state or country are
required to pay, the Lieutenant-Governor in Council may direct that any insurance
company which is organized in or under the laws of any such country or state, or has
its head or principal office therein, and which transacts insurance business in Ontario,
shall pay in addition to the tax imposed by clauses (a) and (b) of this subsection, a
tax calculated on the gross premiums received by the company or in respect of the
business transacted in Ontario during the preceding year, but so that such increase
shall not exceed the equivalent of the extra tax or license fee or both imposed in
such country or state ;
XX vi DKPARTMEyT OF lysl L'AXCE
11 GEORGE V, A. 1921
(e) In estimating the amount of the tax payable under this Act by an insurance company
every premium which
i. Is by the terms of the policy or renewal thereof or otherwise payable in Ontario ; or
ii. is paid in Ontario ; or
iii. is payable upon or in respect of a risk undertaken in Ontario; or
iv. is payable in respect of insurance of a person or property resident or situate in
Ontario at the time of payment, whether such premium is earned wholly or
partly in Ontario or elsewhere, and whether the business is transacted in respect
of such policy or the payment of such premium is made wholly or partly within
Ontario or elsewhere, sha:ll te deemed to be a premium in respect of business
transacted in Ontario ;
(/) The chief agent in Ontario under The Ontario Insurance Act of an extra-provincial
insurance company and every other insurance company shall keep a separate book or
set of books in which shall be entered the premiums mentioned in clause (e) of this
subsection, and all other income of the company in respect of business transacted in
Ontario, and in default the company shall incur a penalty equal in the case of a life
insurance company, to one and one-quarter per cent, and in the case of every other
insurance company to one per cent, on the total gross premiums and other gross
income of the company.
(2) An Act to amend The Ontario Insurance Act
(Assented to June -i. 1920.)
His Majesty, by and with the advice and consent of the Legislative Assembly of the
Province of Ontario, enacts as follows : —
1. This Act may be cited as The Ontario Insurance Amendment Act, 1920.
2. The clause lettered b in section 40 of The Ontario Insurance Act is amended by striking
out the words "not exceeding six dollars per week" and substituting therefor the words "not
exceeding ten dollars per week."
3. Sections 69 and 70 of the said Act are amended by striking out figures "1910" wherever
they appear in the name "The Insurance Act, 1910 (Canada)."
4. Section 99a of the said Act, as enacted by section 5 of The Ontario Insurance Amend-
ment Act, 1914, is hereby amended as follows: —
(a) By striking out the words "firm or corporation" in the third line of subsection 1 ;
(b) By repealing subsection 2 of the said section and substituting the following therefor: —
(2) No agent shall act for any company in Ontario unless he has fully complied with
the provisions of this section and has procured an agent's certificate of authority
from the Superintendent of Insurance to do the class of insurance which that
company is licensed or registered to do in the province ;
(c) By adding the following subsection 2a: —
(2a) An agent's certificate of authority may be issued for any one or more of the
following divisions of insurance business, viz: (a) life insurance; (b) fire
insurance ; (c) casualty insurance. The Superintendent may make regulations
specifying the classes of insurance which may be included in these divisions and
may include any class of insurance in two or more of the said divisions if in
his opinion the character of the business so requires :
(d) By repealing subsection 5 and substituting the following therefor: —
(5) An agent having received a certificate of authority may act during the term of
such certificate as agent for any company licensed or registered in Ontario to do
the class of business to which the said certificate of authority applies.
5. Subsection 1 of section 163 of the said Act is hereby amended by striking out the word
"or" in the second line thereon and by inserting after the words "lawful heirs" in the second
line thereof the words " or next of kin."
6. The said Act is amended by inserting therein the following section : —
78j (1) A friendly society incorporated and registered under the law of Ontario shall not
reinsure or amalgamate with or accept the transfer of membership or funds of any
other society registered according to the provisions of this Act unless such reinsurance,
amalgamation or transfer is evidenced V>y a contract in writing setting out in full
the terms and conditions of such reinsurance, amalgamation or transfer, and such
contract is filed with the Superintendent together with a sworn statement of the
financial condition of each of such societies by its principal officers and a certificate
of such officers duly verified under oath that such reinsurance, amalgamation or
transfer has been approved by a vote of two-thirds of the members present or duly
represented at a meeting of the supreme legislative or governing body of each of said
societies regularly called.
(2) The Superintendent may require such additional actuarial or other reports as he may
deem necessary, which reports shall be prepared at the expense of the societies.
REPORT OF THE SUPERINTENDENT xxvii
SESSIONAL PAPER No. 8
(3) If, in his opinion such financial statements are correct and reports satisfactory and the
contract in conformity with tlie provisions of this subsection and such reinsurance,
amalgamation or transfer is just and equitable to the members of the societies and that
the interests of such members are properly protected by the contract, he may approve
such reinsurance, amalgamation or transfer and issue his certificate to that effect and
thereupon such contract shall be of full force and effect and binding upon the societies
which are parties thereto and upon all members thereof.
(4) If one of the contracting societies is a friendly society not incorporated under the law
of Ontario, the Superintendent shall not issue his certificate until it has been
established to his satisfaction that such society has fully complied .with the
requirements of the law of the legislative authority under which the society was
incorporated ; provided that a certificate of the supervising insurance official appointed
by such legislative authority that such society has fully complied with the requirements
of the law of the said authority shall, be sufficient evidence to the Superintendent of
that fact.
(3) An Act respeciing Payment of Insurance on Lives of Soldiers
(Assented to June ■',, 1920).
His Majesty, by and with the advice and consent of the Legislative Assembly of the
Province of Ontario, enacts as follows : —
1. Notwithstanding the provisions of section 33 of The Statute Law Amendment Act, 1919,
any municipal corporation may pay to the parents, widows, children, brothers or sisters, or
to any one acting in loco parentis, insurance effected under the Act passed in the 5th year of
His Majesty's reign, chapter 37, or any amendments thereto, upon the lives of officers and men
resident in the municipality at the time of enlistment, who during the great European War
were on active service with the naval or nfiilitary forces of the British Eimpire or Great Britain's
allies, where such officers and men have died before discharge from such forces or within
such time thereafter as may be fixed by the council of such municipality.
INVESTIGATION OF AGENCY PRACTICES.
During the year 1920 there were laid before the Department certain charges of estimating
and twisting by life insurance agents, the former of which is an offence under the Insurance
Act and the latter is a practice properly discountenanced by the best companies. The charges
were so strongly supported that the Department considered that it was desirable to have them
investigated, and for the purpose of this investigation, the Canadian Life Insurance Officers
Association and the Life Underwriters Association of Canada were good enough to co-operate
with the Department. The former Association named Mr. George B. Woods, then President
of the Association as its representative, and the latter Association named Mr. J. B. Hall of
Toronto to represent the Association. Mr. A. N. MacTavish, Actuarial Examiner of the
Department acted as the representative of the Department. This Committee took evidence
on the charges made and filed with the Department a report of their conclusions. On the
question of twisting, which is not one sufficiently understood, the comments of the Com-
missioners are particularly worthy of reproduction.
" In the selling of life insurance, we believe that first consideration must always be given
to the interests of the policyholder and of the beneficiary. It is not in the interests of either
if anything is done or said which tends to unsettle the policyholder and cause him to lose
faith in the institution of life insurance. We feel that even where a wrong has been done by
another agent and a policy sold under misrepresentation, it is possible to right the wrong by
properly explaining the contract he holds, without condoning the wrong done, and at the same
time firmly establish the faith of the policyholder in life insurance. If such is not done, it
too often happens that the policyholder lapses his policy and the beneficiary loses the pro-
tection it affords. Such a result is to be much deplored and the wrong is not righted, but
rather a worse offence comanitted, if the agent who unsettles the policyholder secures his
application for a policy in his own company. Such an act is called "twisting" or "switching".
The fact that the original agent did misrepresent does not condone the switching of business,
nor does the fact that the policyholder, approached and unsettled, fails to lapse his policy
and replace it in the Company of the second agent, make the act of such second agent any
less an act of " switching ". It is quite possible to clear up any misunderstandings which may
exist in the mind of a policyholder as to the kind of policy he has purchased without in any
way unsettling his mind. It depends on the tact used and the method followed, but imost of
all upon the motive of the agent involved."
As to the functions of the Life Underwriters Association the following is the opinion of
the Commissioners : —
"Unfortunately, in the Association, there seems to exist too strongly the
belief that The Life Underwriter's Association is merely an organization for the investigation
of charges and counter charges. It is true that this organization can perfonn such a function
when the occasion justifies it, but it has been fairly well proven in other centres that wrong
practices and unethical n->ethods of conducting business can best be eliminated, not by making
of The Life Underwriters Association a veritable Police Court, but by making of it an
organization where good fellowship, brotherhood, and friendly co-operation are to be found.
Where it is made possible for fellow-underwriters to become friends and co-workers in the
common cause, wliere the Golden Rule is adhered to in the conduct of business, and where
xxviii DEPARTMENT OF INSURANCE
11 GEORGE V, A. 19E1
the ethics of the profession of life underwriting are taught and practiced, recrimination and
petty squabbles such as this investigation has unearthed soon become a thing of the past."
The Commissioners' remarks on the relationship which should exist between agents and
Head Offices are commended to all engaged in the business: —
" What is true in regard to the relationships which should exist between field men is
also true in regard to the relations between Head Olhce officials. Head Office officials should
lead and show an example to their field forces. The larger vision should be theirs. The
honour and good name of the business is at stake, and the fullest and most frank co-operation
should exist throughout the Life Officers Association. There is enough business for all
Companies and no one need seek to profit at the expense of another. If this Gospel of service
to the public and the fullest co-operation among all engaged in this great business, field men
and Head Office officials alike, is encouraged and practiced, then the life insurance institutions
of this country will justify their existence. All are engaged in a common cause. The cause
is bigger than any one individual, than any one Company. The day of little things is past:
the larger vision must be ours if we are to function as we should.
" If this investigation and the one preceding it shall result in this broader vision, in
closer co-operation, and in a larger charity, then we, your Commissioners, shall feel well
repaid."
The Department is glad to be assured that the investigations made have been productive
of good, and that as a result, the agents concerned and indirectly the entire agency forces
have a better conception of their duty to their policyholders and to each other. I wish to
record the Department's appreciation of the services of the members of the Commission who
gave freely of their valuable timre for the purpose of the investigations.
FRATERNAL BENEFIT SOCIETIES.
The amendment to tlie Insurance Act respecting fraternal benefit societies came into
force on January 1, 1920, and as a result thereof it became necessary for all foreign fraternal
societies then transacting business in Canada under provincial licenses to obtain licenses under
the Act in order that they might be permitted to continue to issue new insurance in Canada,
Of the sixteen such societies then transacting business ten received the necessary licenses.
These societies are as follows : —
The Ladies' Catholic Benevolent Association.
The Maccabees.
Royal Arcanum.
Woman's Benefit Association of the Maccabees.
Catholic Order of Foresters. '
The Workmen's Circle.
Knights of Columbus.
Association Canado-Americaine.
Western Mutual Life Association, and the
Knights of Pythias.
The most of these societies have obtained licenses under Section 108, such licenses being
renewable only until March 31, 1925 unless before that date the societies have attained to
complete actuarial solvency. In the meantime new members adm'itted in Canada are protected
by a deposit made under the provisions of the Act.
DEPARTMENTAL STAFF.
I have to record with regret the retirement from the Department's staff of Mr. A. N.
MacTavish, B. A., A.I. A. who for a period of over thirteen years rendered to the Department
the most faithful and efficient service. There have been added to the staff of the Department
during the present year two Examiners of Companies, Mr. A. D. Jamieson, B.A., and Mr. T.
B. Holmes, B.A., LL.B. Both of these officers will be engaged in the examination of con^panies
and in actuarial work.
I have the honour to be, sir.
Your obedient servant,
G. D. FINLAYSON,
Superintendent of Insurance.
11 GEORGE V SESSIONAL PAPER No. 8 A. 1921
ABSTRACT
OF STATEMENTS MADE BY COMPANIES LICENSED TO TRANSACT
THE BUSINESS OF LIFE INSURANCE IN CANADA, FOR THE
YEAR 1920, IN ACCORDANCE WITH THE
INSURANCE ACT, 1917.
XXIX
XXX
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
ABSTRACT OF LIFE INSURANCE
(DATE OF RETURN
Company.
Total
Net
Assurance
Premium
Income
Considera-
tion for
Annuities
New Assurance Policies issued and
paid for in Cash
Number
Gross
Amount
Net
Amount
Canadian Companies
Canada f Ua)
Ordinary.'^ lb)
(0
f(a)
lGroup....'((6)
[(c)
Capital
Commercial
Confederation., f (a)
lib)
^ . , i(c)
Continental
Crown
Dominion
T. Eaton.... /Ordinary
IGroup
Excelsior /Ordinary
llndustrial
Great-West. . [Ordinary . f (a)
(6)
i(c)
[Group (o)
Imperial., f (a)
(6)
i(c)
London. [Ordinary. . [(a)
I IS::::::;:::
I Industrial (a)
[Group (a)
Manufacturers... [Ordinary. . [(a).
h
[Group (a)
Monarch.
.Mutual of Canada. .
National of Canada
North American. [(a)
(6)
i(c)
Northern
Saskatchewan
Sauvegarde
Security
Sovereign
Sun. ■ '
Ordinary. . [(a).
(6).
(c).
Thrift [(a).
(6).
(c).
Group [(a).
\{b).
1(c).
Travellers of Canada...
Western
Totals for 1920. [(a).
(6).
i(c).
Totals for 1919. [(o).
(6).
i(c).
Increase, t, decrease, dUa).
lib).
1(c).,
6,919,308
4,322,085
11,241,393
24,038
S
33,080
302,055
335,135
11,709
6,815
18,524
18
35,503,238
21,965,376
57,468,614
2,148,470
24,038
215,859
22,586
3,648,031
1,328,316
4,976,347
587,867
848,576
1,480,184
476
38,004
1,281,807
1,222
7,802,913
209,487
8,012,400
5,097
3,495,503
486,2.33
3,981,736
2,097,747
4,071
2,101,818
1,405,699
2,
4,003,261
2,757,152
6,760,413
498
735,386
7,526,686
53,091
7,579,777
931,833
10,706
942,539
3,040,920
305,739
3,346,659
7.55,182
128,904
289,015
103,097
413,394
8,838,945
12,023,353
20,862,298
19,626
16,786
36,412
64,604
3,300
67,904
355,590
120,736
57,205,082
21,520,319
78,725,401
47,126,374
17.307,075
64,433,449
26,973
85,738
112,711
52
1,017
227
18
712
70
10,212
1,617
11,829
1,990
2.753
4.886
11
2
4,446
2,148,470
1,262,790
248,471
24,759,419
7,391,605
32,151,024
3,620,077
5,674,113
10,923,602
19,500
20,098,500
9,344,590
3,909
3,909
'2;66o
'2;o6o
22,056
967
23,023
2
9,017
1,276
10,293
10,387
41
10,428
55,268
50,105,208
2,328,375
52,433,583
411,500
25,711,304
2,936,658
28,647,962
16,387,450
83,000
16,470,4.50
11,857,232
14,968
40
15,008
33,332
33,332
2,488
2,488
1,585
65,425
1,502,518
1,567,943
12,635
6,751
19,386
1
2,769
18,335
190
18,525
2,431
40
2,471
9,718
616
10,334
2,778
323
1,187
1,246
1,293
20,093
19,653
39,746
30,443,839
17,418,764
47,862,603
40,800
6,519,140
44,490,768
.360,000
44,8.50,768
6,005,197
58,500
6,063,69
20,616,507
1,291,549
21,908,056
5,646,200
751,555
1,782,848
1,775,115
2,893,958
46,771,274
51,104,264
97,875,538
48
2
50
1,715
401
7,356,728
1,432,400
8,789,128
3,387,191
996,600
185,056
1,890,. 351
2,075,407
208,512
37,968
246,480
397,553,184
106,370,491
503.923,675
196,967
2,322,990
2,519,957
198,527
32,434
230,961
320,150,705
77,529,366
397,680,071
34,485,571
19,711,396
54,196,967
2,148,470
2.148,470
1,171,350
210,166
24,552,430
6,066,869
30,619,299
3,385,577
5,398,301
10,271,708
19,500
20,098,500
8,940,340
49,757,228
2,328,375
52,085,603
411,500
23,903,032
2,606,158
26,509,190
16,109.450
78,000
16,187.450
11,857,232
29,939,-519
15,627,989
45,567,508
40,800
6,263,625
42,553,759
358,000
42,911,759
5,575,292
58,500
5,633,792
20,406.727
1,261,549
21,668,276
5,377,262
725,555
1,570,848
1,511,915
2,730,958
46,771,274
51,095,164
97,866,438
7,356,728
1,432,400
8,789,128
3,027,149
948,000
387,519,766
100,624,400
488,144,166
314,489,448
74,749,182
389,238,630
10,078,708
4,213,244
14,291,952
11,911
432,639
444,550
9.985
5,534
15.519
77,402,479
28,841,125
106,243,604
73,030,318
25,875,218
98.905,536
(a) In Canada
(6) Out of Canada. (c) Total business.
ABSTRACT OF STATEMENTS
XXXI
SESSIONAL PAPER No. 8
FOR THE YEAR 1920.
DECEMBER 31, 1920j
Assurance Policies
in force
at date of Return
Assurance Policies become Claims
Net Disbursements
in respect of
Net Payments due
under Assurance and
Annuity Contracts
Number
Net
Amount
Number
Net Amount
Death
Claims
Matured
Endow-
ments
Death
Claims,
Matured
Endowment
and
Disability
Claims
Life
Annuity
Contracts
No
Resisted
Resisted
76,455
34,622
111,077
18
1
19
3,784
334
54,833
9,421
64,254
11,463
14,433
22,859
11
2
24,141
220
114,890
3,858
118,748
2
46,460
5,
52,349
46,422
76
46,498
237,533
1
63,885
29,728
93,613
1
11,615
102,509
768
103,277
14,591
256
14,847
49,987
5,077
55,064
14,124
1,890
7,229
3,368
6,798
137,474
105,750
243,224
3,547
2,656
6,203
53
2
55
6,378
1,836
1,079,146
198,104
1,277,250
947,489
169,536
1,117,025
178,105,079
84,059,535
262,164,614
2,322,950
35,500
2,358,450
6,154,185
685,669
106,471,192
25,537,462
132,008,654
16,946,006
24,336,312
42,931,662
19,500
17,944,500
39,119,685
30,256
246,413,473
8,242,988
254,656,461
415,250
98,676,951
10,338,083
109,015,034
62,674,301
131,500
62,805,801
33,683,674
110,600
118,686,753
54,758,814
173,445,567
47,500
24,287,713
199,067,869
1,413,994
200,481,863
28,582,089
282,950
28,865,039
89,302,350
8,622,396
97,924,746
21,271,467
3,929,924
9,106,821
3,802,637
13,917,726
252,743,829
223,354,052
476,097,881
487,221
479,305
966,526
8,144,428
1,432,400
9,576,828
9,921,726
4,007,307
1,664,348,605
418,688,979
2,083,037,584
1,362,631,562
349,430,461
1,712,062,023
1,
354
1,542
1,982,948
668,873
2,651,821
6,800
662,146
358, 522
1,020,668
2,566,426
1,067,193
3,633,619
6,300
54,671
272,960
327,631
378,525
136,154
514,679
500
752
105
857
96
87
187
6,800
22.080
3,000
787,402
208,756
996,158
76,558
127,887
205,655
433,599
38,453
470,052
55,135
34, 500
120,407
191
24
649
15
664
11,000
243,503
1,475
1,177,169
28,964
1,206,133
66,525
1,129
186,651
186,651
353
57
410
306
545.244
91,986
637,230
226,117
181,806
16,060
197,866
64,499
306
3,624
226,117
268,372
64,499
69,648
586
431
1,017
572,190
457,320
1,029,510
338,361
310,439
648,800
31
1,111
9
1,120
170
2
172
681
47
728
110
9
49
11
36
1,474
1,568
3,042
282
113
395
58,500
1,234,578
2,000
1,236,578
191,620
2,000
193,620
589,955
66,721
656,676
100,070
18,500
52,750
11,212
76,000
1,683,434
2,399,389
4,082,823
8,253
7,692
15,945
29,500
724,821
10,500
735,321
100,135
100,135
440,647
20,000
460,647
39,216
7,000
8,500
681,305
907,087
1,588,392
24,985
12,620
37,605
29,500
40,250
33,000
12,062
2,701
14,763
10,385,022
3,933,701
14,318,723
4,241,015
1,671,681
5,912,696
13,106
2,853
15,959
9,564,160
3,728,772
13,292,932
4,809,561
1,784,122
6,593,683
6,300
17,892
3,000
1,233,603
263,672
1,497,275
123,496,
151,6281
328,370
500
6,175
9,000
293,008
2,693
1,327,993
16,714
1,344,707
733,199
92,870
826,069
301,269
301,269
244,744
883,428
758,023
1,641,451
66,196
1,951,781
12,500
1,964,281
274,008
2,000
276,008
1,127,64
93,667
1,221,309
151,877
14,615
54,469
16,792
90, 308
2,382,318
3,413,001
5,795,319
38,812
20,952
59,764
27,747
27.747
34,206
35,027
14,491,847
5,740,592
20.232.439
17.454,054
5,744,164
23,198,218
32,469
80,885
113,354
1,800
250
442
108,806
86,278
195,084
23,500
15,105
40,145
759
11^425
11,425
"2i835
2,000
69,487
354
208.450
9,500
217,950
2,835
4,413
4,413
8,159
2,362
10,521
9,547
9.547
35
35
5.450
150
5,600
1.101
51.863
1,445,306
1,497,169
185,219
1,801,663
1,986,882
202.235
1.850.174
2,052.409
66,368
40,306
106, 674
26,606
26,606
21,013
120,407
200,269
320.676
15.702
224,052
224,052
53,961
1,500
55,461
87,987
3.189
91,176
21,743
3,885
10.750
1,000
17,750
290,419
1,126,002
1,416,421
2,916
1,059
3,975
6.300
6,300
9,000
12,871
1,845,777
1,604,257
3,450,034
1,902.639
1,934,931
3.837.570
15,000
'i5!66o
' '5,654
2,000
■2;o66
10
17,640
17,640
2,000
5,000
8,650
8,650
100
29,154
26,290
55,444
62,993
20.000
82.993
131,657
28,568
160,225
301,717.043
69,258.518
370,975.561
1,044
152
1,190
820.862 (f 568,546
204,929 <Z 112,441
1,025,791 (i 680,987
2,962,207
3.572
2,965,779
17.016
48,511
65,527
56,862
330,674
387.536
33,839
6,290
27,549
xxxu
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
ABSTRACT OF LIFE INSURANCE FOR THE
(DATE OF RETURN DECEMBER 31, 1920 EXCEPT
Company
Total
Net
Assurance
Premium
Income
Considera-
tion for
Annuities
New Assurance Policies issued and
paid for in Cash
Number
Gross
Amount
Net
Amount
British Companies
Commercial Union
'Edinburgh
Gresham
t'Lifo Association of Scotland
'Liverpool and London and Globe
London and Scottish ■
tMutual Life and Citizens' (Australia). [Ordinary.
[Industrial
North British and Mercantile
'Norwich Union
Phoenix of London
Royal
'Scottish Amicable
'Scottish Pro\ddent
fStandard
'Star
Totals forl020
Totals for 1919
Increase, t; decrease, d
17,160
258
225,002
4,170
2,482
554,012
89,802
111,363
57,812
2,540
232,720
735,855
658
173
737,300
4,792
14,000
14.000
50
724
2,028,177
1,928,177
704
724
10,493
57
1,798,754
928,500
2,105,710
290,635
1,751,514
. 928,500
2,105,710
290,635
169
823
659,000
4,636,213
609,000
4,132,108
1,046
3,506,394
3,216,394
2,776,099
2,201,462
131
1,050
14,743
8,756
15,967,383
11,264,394
14,976,038
10,724,872
574,637(2
919
5,987
4,702,989
t 4,251.166
•These companies have ceased transacting new business in Canada.
tDate of returns— Life Association of Scotland, April 5, 1920.
Mutual Life and Citizens', Nov. 30, 1920.
Standard, Nov. 15. 1920.
ABSTRACT OF STATEMENTS
XXXIU
ESSIONAL PAPER No. 8
YEAR 1920. (CANADIAN BUSINESS ONLY.)
AS OTHERWISE UNDERNOTED.)
Assurance Policies
in force
at date of Return
Assurance Policies become Claims
Net Disbursements
in respect of
Net payments due
under Assurance and
Annuity Contracts
Net
Amount
Number
Net Amount
Death
Claims,
Matured
Endowment
and
Disability
Claims
Life
Annuity-
Contracts
Not
Resisted
Resisted
Number
Death
Claims
Matured
Endow-
ments
167
583,200
22,703
7,0.37,713
265,189
110,188
17,167,104
2,322,953
3,069,437
1,573,535
90,727
7,526,145
14,993,204
43,021
23,479
21,921,824
132,668
7
$
9,920
$
2,035
13,511
$
$
$
1
11
•>
3,062
16
17
8
207
12
109
16
65,893
21,633
18,021
189,080
11,360
14,976
42,665
80,893
20,662
15,432
443,379
12,127
10,463
42,607
•^
135
564
249,853
14,107
4,480
63,964
4
63
200
500
5
8,465
6
2,198
7
19,317
102
1,000
200
5,251
724
5.458
4,504
505
716
8
65
f)
2,353
49
42
1
2
397
14
104,923
175,645
4,666
8,015
430,306
13,372
54,560
8,675
170,138
218,318
4,946
8,015
862,304
16,055
1,764
10
4,489
11
17
1''
8
347,628
7,507
13
9,739
11,324
125,332
9,234
14
97
15
50,691
76,883,090
66,908,064
897
936
1,110,475
1,115,159
671,924
687,861
1,918,8.50
1.895,928
14,504
11,972
233,254
382,258
42,232
2,208
i 8,459
i 9,975,026
d 39
d 4,684
d 15,937
i 22,922
i 2,532
d 149,004
d 2,208
XXXIV
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
ABSTRACT OF LIFE INSURANCE FOR THE
(DATE OF RETURN
Company.
Total
Net
Assurance
Premium
Income
Considera-
tion for
Annuities
New Assurance Policies bsued and
paid for in Cash
Number
Gross
Amount
Net
Amount
Foreign Companies
^HST":::::::::::::
'Connecticut Mutual
Equitable.... /Ordinary
\Group
Guardian
{Ordinary, .
Industrial.
Group
Mutual of New York
•National of United States.
New York
•Northwestern Mutual
•Phoenix Mutual
•Pro\'ident Savings ,
[Ordinary
Prudential.'! Industrial
[Group
State
Travelers of Hartford..? Ordinary.
\Group
Union Mutual
United States
Totals for 1920.
Totals for 1919.
Increase, i; decrease, d.
1,111,427
221,425
21,852
1,383,061
27,886
10,623
6,665,345
7,077,302
150,312
1,869,998
127
4,169,799
1,236
20,959
30,920
2,206,043
3,673,730
3,472
40,813
1,104,644
114.977
304,048
26,867
1,519
74
6,867,252
12,025,300
6,742.252
12.025,300
16,456
2,000
28
1,769
16
3
50,899
226.732
80
2.790
6.314.624
2.507,400
5,500
57,124,3;4
35,211,426
12,921,200
9,420,781
6,314,624
2.507.400
5,500
56,969.930
35.211.426
12,921.200
9,370.781
2.575
8,487
22,563.075
22.513,075
13,823
122,194
5
1
3,119
54
347
18.709.333
21,764,041
394,950
5,000
12,499,325
8,800,007
1.085,000
39,000
18,709.333
21.764.041
394,950
5, 000
12,277,277
8,800,007
1,054,000
29,000
30,236,866
25,380.673
21,059
40,066
431,921
433,968
228,257,528
193,128,530
227,615,096
192,649,319
4,856,193
19,007
2,047
i 35,128.'
»■ 34.965.777
Totals in Canada only \ 1920.
—All Companies /l919 .
Increase,!; decrease, d
Total group business] 1920.
in Canada only.
— All Companies \
(included above)... .J1919.
Increase, t; decrease, (f
90,218,047
74,708,509
206,246
238,083
655,176
641,251
641,778,095
524,543,629
630,110,900
517,863,639
t 15,509,538
31,837
13,925
1117,234,466
tll2,247,26l
652.801
20.469
300
66,704,855
11,518,750
5.704.855
11.518.750
632.332
213
• 55.186.105
t 55.186.105
•These Companies have ceased transacting new business in Canada.
fGroup premiums of Travelers of Hartford not returned separately.
ABSTRACT OF STATEMENTS
XXXV
SESSIONAL PAPER No. 8
YEAR 1920. (CANADIAN BUSINESS ONLY.)
DECEMBER 31. 1920.)
Assurance Policies
in force
at date of Return
Assurance Policies become Claims
Net Disbursements
in respect of
Net payments due
under Assurance and
Annuity Contracts
Net
Amount
Number
Net Amount
Death
Claims,
Matured
Endow-
ments
and
Disability
Claims
Life
Annuity
Contracts
Not
Resisted
Resisted
Number
Death
Claims
Matured
Endow-
ments
15,349
98
S
37,964,014
16,699,550
959,617
38,698,545
2,690,600
224,468
219,323,184
170,542,091
17,737,558
51,306,888
22,320
115,475,957
64,553
149,240
961,866
77,878,496
96,738,340
353,250
1,521,962
46,217,167
10,459,300
9,017,036
787,796
561
$
496,821
89,850
64,195
459,899
10,750
$
409,094
959,469
89,350
59,662
579,384
10,750
261
1,410,724
1,807,366
64,200
842,184
2,637
1,405,678
7,150
67,889
30,448
483,631
548,888
2,600
60,975
568,655
64,648
232,193
8,639
133
$
62,212
500
10,156
69,425
$
1
464
24
270
0
15,452
17
154,508
12,454
1
56
1
1,510
20,581
200
347,095
548,690
4
197.037
1,390,329
113
998,860
1,253,979
64.200
456,651
2,637
926,226
13,150
67,765
26,966
371,851
622,134
2,000
51,500
336,640
72,068
129,223
13,087
843
56,052
7,340
22,460
4,296
5
19,703
37
290
4
691
6
90
24
359
4,567
279,261
5,963
42,297
50,000
6
7
54,798
64
421,041
3,559
129,738
6,000
19,797
8
9
190
124
11,000
51,239
10
627
78
3,618
12,500
27,967
13,041
991
1,000
21,379
7,420
32,345
11,000
11
62,504
668.914
5
500
1,225
12
653
9
174
n
13,047
70
218,849
13,541
40,000
14
4,267
121
12
59,202
5,671
195
29
15
372
1f>
2,444,166
2,200,603
915,793,798
758,297,691
29,294
27,144
6,530,352
6,248,026
2,505,974
2,091,535
9,307,381
8,727,110
40,413
44,530
511,363
852,393
138,278
41,199
t 243,563
t 157,496,107
i 2,150
»• 282,326
i 414,439
t 580.271
d 4,117
d 341,030
t 97,079
3,574,003
3,190,324
2,657,025,493
2,187,837,317
42,253
41,186
18,025,849
16,927,345
7,418,913
7,588,957
25,71«,078
28,077,092
240,136
258,737
2,590,394
3,135,290
167,432
106,400
t 383,679
»• 469, 188, 176
«■ 1,067
«■ 1,098,504
d 170,044
d 2,359,014
d 18,601
d 544,896
i 61,032
380
76,925,486
11,511,250
286,168
274,595
17.711
87
293
• 65,414,236
i 286,168
t 274,595
« 17,711
S—cl
XXXVl
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
GROSS AMOUNTS OF INSURANCE EFFECTED IN CANADA, 1875-1920
Year
Canadian Companies
British
Companies
Foreign Companies
Total
Ordinary
and
Industrial
Group
Ordinary
and
Industrial
Group
Ordinary
and
Industrial
Group
1875
$
5,077,601
5,465,966
5,724,648
5,508,556
6,112,706
7,547,876
11,158,479
11,855,545
11,883.317
12,926,265
14,881,695
19,289,694
23,505,549
24,876,259
•26,438,358
23,541,404
21,904,302
25,585,534
28,089,437
28,670,364
27,909,672
26,171,830
30,351,021
35,043,182
42,138,128
38,545,949
38,298,747
45,882,167
55,169,104
59,051,113
67,539,141
62,4.50,253
61,838,766
69,029,583
79,121,977
90,362,678
110,077,453
141,267,596
131,493,582
125,505,324
121,033,310
138,201,281'
172,703,621
179,429,315
319,389,305
367,497,186
$
S
1,689,833
1,683,357
2,142,702
2,789,201
1,877,918
2,332,011
2,536,120
2,833,250
3,278,008
3,167,910
3,950,647
4,0.54,279
3,067,040
3,985,787
3,399,313
3,390,972
2,947,246
3,625,213
2,967,855
3,214,216
3,337,638
2,869,971
2,778,510
3,323,107
3,748,127
3,717,997
3,059,043
3,324,317
3,132,904
3,109,778
3,881,980
4,472,426
3,501,743
3,389,757
3,930,230
4,170,562
5,591,832
7,319,952
6,950,695
9,294,590
5,727,313
5,250,633
5,109,183
5,969,013
11,264,394
15,967,383
$
8,306,824
6,740,804
5,667,317
3,871,998
3,363,600
4,057,000
3,923,412
5,423,960
6,411,635
7,323,737
8,332,646
11,827,375
11,435,721
12,. 364, 483
14,719,266
13,591,080
13,014.739
15,409,266
14,145,555
17,640,677
13,093,888
13,582,769
15,138,134
16,398,384
21,514,478
26,632,146
32, .541, 438
31,346,482
33,265,797
36,145,211
34,486,215
28,090,526
25,042,423
27,476,866
48.686,871
58,229,280
61,197,694
70,617,555
93,164,269
82,206,602
94,358,935
87,649,711
104,307,626
127,853,228
182,371,180
191,608,671
$
15,074,258
13,890,127
13,534,667
12,169,755
11,354,224
13,906,887
17.618,011
20,112,755
21,572,960
23,417,912
27,164,988
35,171,348
38,008,310
41,226,529
*44,556,937
40,523,456
37,866,287
44,620,013
45,202,847
49,525,257
44,341,198
42,624,570
48,267,665
54,764,673
67,400,733
68,896,092
73,899,228
80,552,966
91,567,805
98,306,102
105,907,336
95,013,205
90,382,932
99,896,206
131,739,078
152,762,520
176,866,979
219,205,103
231,608,546
217,006,516
221,119,558
231,101,625
282,120,430
313,251,556
513,024,879
575,073,240
$
1876
1877
1878
1879
1880
1881
1882
1883
1884
1885
1886
1887
1888
1889
1890
1891
1892
1893
1894
1895.. .
il896
1897
1898..
1899
1900
1901..
1902
1904..
1905.. .
1906 . .
1907..
1908
1909 .
1910
1911
1912 .
1913
1914
1915 .
1916
1917..
1918..
1919
761,400
30,055,998
10,757,350
36,648,857
11,518.750
1920
66,704,855
Totals
2,955,544,839
30,817,398
193,095,956
1,744,577,474
47,406,207
4,893,218,269
78,223,605
NET AMOUNTS OF INSURANCE IN FORCE IN CANADA, 1875-1920.
1875.
1876.
1877.
1878.
1879.
1880.
1881.
1882.
1883.
1884.
1885.
1886.
1887.
1888.
1889.
1890.
1891.
1892.
1893.
1894.
1895.
19,455,607
18,873,173
19,349,204
20,078,533
19,410,829
19,789,863
20,983,092
22,329,368
23,511,712
24,317,172
25,930,272
27,225,607
28,163,329
30,003,210
30,488,618
31,613,730
32,407,937
33,692,706
33,543,884
33,911,885
34,341,172
43,596,361
40,728,461
39,468,475
36,016,848
33,616,330
33,643,745
36,266,249
38,857,629
41,471,554
44,616,596
49,440,735
55,908,230
61,734,187
67,724,094
76,349,392
81,591,847
85,698,475
90,708,482
94,602,966
96,737,705
96,590,352
85,009,264
84,250,918
85,687,903
84,751,957
86,273,702
91,272,126
103,290,932
115,042,048
124,196,875
135,453,726
149,962,146
171,315,696
191,694,270
211,761,583
231,963,702
248,424,567
261,475,229
279,110,265
295,622,722
308,161,436
319,257,581
'Including 20 months' business of the Canada Life.
ABSTRACT OF STATEMENTS
XXXVll
SESSIONAL PAPER No. 8
NET AMOUNTS OF INSURANCE IN FORCE IN CANADA, 1875-1920.— Conc/«(fed.
Year
Canadian Companies
British
Companies
Foreign Companies
Total
Ordinary
and
Industrial
Group
Ordinary
and
Industrial
Group
Ordinary
and
Industrial
Group
1896
S
195,303,042
208,655,459
226,209,636
252,201,516
267,151,086
284,684,621
308,202,596
335,638,940
364,640,166
397,946,902
420,864,847
450,573,724
480,266,931
515,415,437
565,667,110
626,770,1.54
706,656,117
750,637,092
794,520,423
829,972,809
895,528,435
996,699,282
1,105,.503,447
1,361,870,162
1,635,363,377
$
$
34,837,448
35,293,134
36,606,195
38,025,948
39,485,3.34
40,216,186
41,556,245
42,127,260
42,608,738
43,809,211
45,644,951
46,462,314
46,161,957
46,985,192
47,816,775
50,919,675
54,537,725
58,176,795
60,770,658
58,087,018
59,151,931
58,617,506
60,296,113
66,908,064
76,883,090
S
97,660,009
100,063,684
105,708,154
113,943,209
124,433,416
138,868,227
159,0.53,464
170,676,800
180,631,886
188,578,127
189,740,102
118,487,447
193,087,126
217,956,351
242,629,174
272,530,942
309,114,827
359,775,330
386,869,397
423,556,850
467,499,266
529,725,775
619,261,713
747,547,841
867,853,540
$
S
327,800,499
344,012,277
368,523,985
404,170,673
431,069,846
463,769,034
508,812,305
548,443,000
587,880,790
6.30,334,240
656,260,900
685,523,485
719,516,014
780,356,980
856,113,059
$
1897
1898
1899
1900
1901
1902
1903
1904
1905
1906
1907
1908
1909
1910
1911
950,220,771
1,070,308,669
1,168,590,027
1,242,160,478
1,311,616,677
1,422,179,632
1,585,042,563
1,785,061,273
2,176,326,067
2,580,100,007
1912
1913
1914
1915
1916
1917
1918
10;749;850
47,940,258
1919
761,400
28,985,228
11,511,250
76,925,485
PREMIUM INCOME IN CANADA, 1875-1920.
1875
707,256
768,543
770,319
827,098
919,345
1,039,341
1,291,026
1,562,085
1,652,543
1,869,100
2,092,986
2,379,238
2,825,119
3,166,883
*4, 459, 595
3,921,137
4,258,926
4,729,940
5,156,008
5,435,031
5,702,783
6,075,454
6,598,012
7,107,073
7,805,174
9,373,405
9,133,890
10,048,204
10,882,650
11,959,100
13,947,827
14,093,056
14,963,714
16,081,504
17,438,780
19,952,162
20,736,480
23,540,081
24,784,163
26,047,253
28,546,303
30,296,416
34,599,199
38,728,815
47,117,535
57,070,353
623,296
597,155
577,364
586,044
565,875
579,729
613,595
674,362
707,468
744,227
803,980
827,848
890,332
928,667
979,847
1,022,362
1,030,479
1,088,816
1,073,541
1,079,330
1,137,366
1,137,607
1,174,732
1,210,601
1,276,229
1,372,355
1,346,666
1,415,273
1,435,318
1,473,514
1,500,232
1,583,861
1,567,951
1,546,941
1,590,656
1,580,255
1,680,731
1,768,046
1,905,486
1,906,998
2,071,592
1,903,590
1,957,143
1,935,219
2,201,462
2,776,099
1,551,835
1,437,612
1,299,724
1,197,535
1,121,537
1,102,058
1,190,068
1,308,158
1,414,738
1,518,991
1,723,012
1,988,634
2,285,954
2,466,298
2,785,403
3,060,652
3,128,297
3,251,598
3,403,230
3,394,914
3,452,205
3,389,605
3,443,074
3,676,490
3,957,304
4,261,181
4,709,298
5,614,083
5,922,297
6,536,710
6,632,658
6,687,539
6,612,207
7,069,494
7,476,859
8,239,486
9,202,415
10,401,389
11,951,557
13,139,844
14,488,783
15,893,099
18,287,267
20,977,013
25,369.043
29,718,794
2,882,387
2,803,310
2,647,407
2,610,677
2,606,757
2,721,128
3,094,689
3,544,605
3,774,749
4,132,318
4,619,978
5,195,720
6,001,405
6,561,848
*8, 224, 845
8,004,151
8,417,702
9,070,354
9,632,779
9,909,275
10,292,354
10,602,666
11,215,818
11,994,164
13,038,707
15,006,941
15,189,854
17,077,560
18,240,265
19,969,324
22,080,717
22,364,4.56
23,143,872
24,697,939
26,506,295
29,771,903
31,619,626
35,709,516
38,641,206
41,094,095
45,106,678
48,093,105
54,843,609
61,641,047
74,688.040
89,565,246
1876..
1877
1878
1879
1880
1881..
1882
1883
1884
1885
1886
1887
1888..
1889
1890
1891..
1892
1893
1894
1895
1896..
1897
1898..
1899
1900
1901..
1902
1903..
1904
1905
1906
1907
1908
8,839
134,729
1909
1910..
1911
1912..
1913
1914..
1915
1916.. .
1917
1918
1919
11,630
518,072
20,469
1920
652,801
Totals
562,460,905
143,568
58,450,240
297,739,942
529,702
918,651,087
673,270
•Including 20 months' business of the Canada Life.
XXX VI 11
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
INCOME AND DISBURSEMENTS IN RESPECT OF ASSURANCE AND ANNUITY CONTRACTS OF
ALL COMPANIES DOING BUSINESS IN CANADA,. OTHER THAN ASSESSMENT COMPANIES
AND FRATERNAL SOCIETIES (INCLUDING THE BUSINESS DONE OUT OF CANADA
BY CANADIAN COMPANIES) IN EACH YEAR BEGINNING WITH THE YEAR 1879.
Year.
(1)
Assurance
Premiums
and
Annuity
Considera-
tion
(2)
Disburse-
ments in
respect of
Assurance and
Annuity
Contracts
(3)
Ratio
per
cent
column (3) to
column (2)-
(4)
1879..
1880..
1881..
1882..
1883..
1884..
1885..
1886..
1887..
1888..
1889..
1890..
1891..
1892. .
1893..
1894..
1895..
1896..
1897..
1898. .
1899. .
1900..
1901..
1902.
1903.
1904.
1905.
1906.
1907.
1908.
1909.
1910.
1911.
1912.
1913.
1914..
1915.
1916,
1917.
1918.
1919.
1920.
Totals 1.107,637,266
2,606,756
2,691,128
3,094,689
3,544,603
3,861,179
4,195,726
4,684,409
5,298,596
6,105,474
6,655,762
8,336,167
8,131,8.52
8,667,609
9,347,131
9,952,833
10,345,919
10, 887, .501
11,469,040
12,197,626
13,190,742
14,490,102
16,633,142
17,130,456
19,501,945
21,240,823
23,650,887
26,535,365
27,264,938
28,403,423
30,567,553
33,304,241
37,868,196
40,608,305
46,581,648
51,413,732
53,835,737
56,744,482
61,755,516
68,681-552
77,748,862
94,576,657
113,834,962
1,301,480
1,389,986
1,879,240
1,946,444
2,201,152
2,073,395
2,544,101
2,851,981
3,235,205
3,440,729
3,942,590
4,445,668
4,911,485
5,452,151
5,133,284
5,516,929
5.862,447
6,-506,096
7,076,962
6,782,006
7,680,959
9,232,051
8,993,125
9,397,971
10,288,364
11,804,359
13,796,504
13,040,857
14,753,533
16,122,797
16,382,136
20,270,595
19,194,828
22,953,476
25,287,204
28,207,981
36,426,490
35,685,561
39,983,913
46,814,084
53,013,509
53,438,056
591,261,694
49-93
51-66
60,72
54-91
57,01
49-42
54-31
52-83
52-99
51-70
47-29
54-67
56-66
58-33
51-58
53-32
53-85
56-73
58-02
51-41
53-01
55-50
52-50
48-19
48-44
49-91
51-99
47-83
51-94
52-74
49-19
52-53
47-27
49-28
49-18
52-40
64-19
57,70
58-22
60-21
56-05
46-94
53-38
ABSTRACT OF STATEMENTS
xxxix
SESSIONAL PAPER No. 8
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xl
DEPARTMENT OF INSURANCE
Company.
iCanada
2Capital...
SCominercial
^4 Confederation
^ SContinental
•-6 Crown
~ 7 Dominion
ST.Eaton
- 9Excelsior
-lOGreat West
lllmperial
12London
ISManufacturers
HMonarch
•■ 15Mutual of Canada
16National of Canada. . .
17>Jorth American
ISNorthem
IQSaskatchewan
~20Sauvegarde
2lSecurity
22Sovpreign
-23Sun
24Travellers of Canada.
25Westem
11 GEORGE V, A. 1921
ASSETS OF CANADIAN LIFE
Ledger Assets.
Real
Estate.
3,556,
3,
238
2,225,
466,
-446,
-603,
Totals 17, 170,659 103,895, 691
-980,
613,
—449,
31,
28,
^ 28,
1,059,
2.50,
138,
— 146,
Loans on
Real
Estate.
23,968,950
70,600
12,891
5,412,081
510,424
341,731
2,740,648
479,
33,
56,
6,255
2,690,205
17,751,776
5,133,640
3,607,841
12,087,060
436,510
14,934,369
Loans
on
Collaterals
1,127,000
2,269
6,000
5,500
30,000
1,400
4,565,486
1,212,052
80,108
174,166
13,159
4.56,871
7,634,428
50,200
10,495
16,336
3,525
Policy
Loans.
9,846,482
60,398
1,151
3,316,449
345,280
451,834
347,212
••Bonds
and
Debentures
50,650
390,209
1,632,889
526,233
4,416,883
2,364,333
843,804
4,125,966
199,588
5,360,981
476,430
2,345,107
367,179
25,454
134,893
17,405
207,198
13,436,209
64,170
22,993
49,303,632 202,344,
30,631,725
551,238
74.242
13,200,019-
1,430,823
1,829,303-
1,951,862-
83,951
1,554,252-
11,186,985
9,951,819
7,806,585
14,016,748
847,729
19,394,571
3,934,496
10,183,551
1,. 550, 704
252,948
1,083,436
182,831
973,798
68,678,068
749, 700
243,514
• The market value exceeds the book value but credit was taken for the book value only. , , ,-.
t The market value is less than the book value but the difference is more than covered by special reserve funds, (bee
Liabilities). , ,.^ . , i ■ ^ j. i j
t The market value is less than the book value but the difference is covered by an investment reserve fund.
(See Liabilities.) , , , , , l ^ i •
•* There is given below in respect of bonds and debentures, par value (not book value as given above), an analysis as
to classification of issuing authorities, subdivided as far as practicable as to location of said authorities.
Classification of Issuing Authorities.
Governments
Cities
Towns
Villages
Townships, Districts or Municipalities
Counties
Loans on Parochial and other Public Rates.
Schools
Rural Telephones
Alberta.
394,065
,999,974
651,217
45,153
129,980
British
Columbia.
660,667
2,970,692
30,600
35,000
2,808,364
Manitoba.
1,287,524
3,517,797
671,438
21,807
2.493,503
1,880,881
78,000
5,101,270
6.583,323
Railways
Miscellaneous.
1,473.200
9,465.269
Total bonds and debentures (par value) .
ABSTRACT OF STATEMENTS
xli
SESSIONAL PAPER No. 8
COMPANIES. DECEMBER 31. 1920.
Non-Ledger Assets.
Total
Assets.
Stocks.
Cash.
Other
Ledger
Assets.
Total
Ledger
Assets
(Book value).
Total
Ledger
Assets
taken at
Market
value except
as
undernoted.
Interest
and
Rents
due and
Accrued.
Outstanding
and
Deferred
Premiums
and
Annuity
considera-
tion.
Other
Non-
Ledger
Assets.
$
3,123,956
$
158,881
9,675
7,243
512,789
49,689
^5,614
J07,641
7,952
^9,072
42,496
-.305,768
50,820
296,503
-S8,253
48,632
53,410
441,268
_ 92,963
6,928
13,313
14,383
27,900
503,367
39,663
20,753
$
S
72,413,690
695,149
95,527
25,857,487
2,807,238
3,149,667
5,756,215
121,903
5,775,263
34,902,623
18,235,415
12,458,234
31,433,333
1,553,653
40,798,541
4,929,974
19,5.50,048
3,450,894
365,438
1,884,942
261,750
1,735,709
113,342,656
903,733
304,010
$
• 72,413,690
688,887
90,741
• 25,857,487
2,896,916
3,181,486
5,743,153
118,968
5,775,263
• 34,902,623
• 18,235,415
• 12,458,234
31,269,009
1,551,519
40,422,281
t 4,929,974
19,242,367
3,424,302
t 365,438
1,876,071
253,210
t 1,735,709
110,920,218
892,281
305,056
$
2,260,040
15,997
4,303
596,674
41,612
-61,353
-485,751
777
.203, 773
1,161,186
-4.59,828
232,188
1,057,729
- 60,833
1,117,733
61,110
296,809
—93,185
9,037
25,410
5,191
50,977
1,247,041
11,169
6,807
$
1,435,207
47,606
6,970
791,204
80,401
144,122
239,032
123
215,922
1,318,838
615,160
414,661
892,724
194,306
931,003
178,099
502,707
127,308
27,334
42,090
23,209
86,869
2,672,185
91.642
42,011
$
76,108,937
757,274
103,514
27,260,617
3,022,716
3,389,961
6,167,936
119,868
6,194,958
37,382,647
19,310,403
13,105,083
33,220,910
1,814,158
42,471,017
5,179,183
20,041,883
3,656,985
403,309
1,948,801
284,908
1,876,793
114,839,444
1,001,720
355,374
1
4,784
1,500
15,252
3,787
3,000
?.
3
1,184,322
6,779
2,365
8,972
4
6
7
8
15,199
196
2,400
14,197
16,792
q
891,284
10
26,447
11
103,581
845,235
1^448
7,500
12
13
14
15
215,638
10,000
16
1,873,898
2,216
515
17
30,829
-12,190
1,500
5,230
3,298
3,238
18
19
?0
''1
13,400
">?.
17,132,126
?3
6,628
1,500
'4
'5
25,440,716
2,924,976
69,631
402,783,092
399,550,298
9,266,513
11,120,733
80,855
420,018,399
New
Brunswick.
Nova
Scotia.
Ontario.
Prince
Edward
Island.
Quebec.
Saskatch-
ewan.
Dominion
of
Canada.
Other
Countries.
Total.
$
384,975
162,100
192,000
$
183,427
680,500
652,100
$
1,684,292
8,618,282
4,891,029
593,625
831,520
736,589
S
40,000
1,000
25,000
S
1,143,847
3,651,012
2,484,357
430,863
31,142
2,004,785
2,961,168
1,887,933
185,339
415,282
S
69,292,358
(Classified
as to
Provinces)
S
12,153,684
2,213,168
89,229,624
26,775,693
11,485,674
1,311,787
6 709 791
38,500
105,500
50,050
21,000
930,639
149,190
3,514,982
"3,'l70;324
4,473,234
170 190
32,250
406,708
10,556,345
4,473,234
809,825
1,621,527
17,762,045
66,000
11,405,393
15,098,065
69,292,358
14,437,902
151,642,977
27,897,256
41,176,035
220,716,268
xlii
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
LIABILITIES OF CANADIAN LIFE
Companies
Net Liability
under
Contracts in
force for
Payments
not due
(Reserve)
Net Liability
for Payments
due under
contracts
(unsettled
claims)
Provision
for
unreported
Claims
'Miscellaneous
Liability
under
Assurance
Contracts
Provision for
Deferred
Dividend
Policies
issued since
Jan. 1. 1911
ICanada
2Capital.
3Commercial
4(I!onfederation
SContinental
6Crown
TDominion
8T. Eaton
QExcelsior
lOGreat-West
lllmperial
12London
ISManufacturers
14Monarch
ISMutual of Canada
16National of Canada..
17North American
ISNorthern
IQSaskatchewan
20Sauvegarde
21Security
22Sovereign
23Sun
24Travellers of Canada
25Western
Totals...
,997,316
580,166
29,763
,645,296
,666,208
,159,136
,240,657
565
,197,877
,431,696
,143,381
,241,094
,193,175
,691,226
,160,546
,298,458
,793,929
,051,605
261,065
,422,997
'222!"329
,428,334
,585,743
813,806
291,969
S
515,179
6,175
75,000
210,084
23,500
20,159
40,145
2,000
69,841
219,950
106,674
47,619
338,316
15,702
224,052
55,461
91,176
23,743
3,885
15,750
1,000
17,750
1,435,346
9,100
12,871
50,000
5,000
5,852
4,000
5,000
25,000
20,000
10,000
75,000
390,891
531
937
62,576
10,903
18,009
12,468
50,000
30,000
3,000
325,000
13,556
1,043,419
174,369
42,220
88,063
3,4.53
1,1.30,480
41,423
97,874
6,909
1,136
10,654
180
10,147
438,972
1,692
649
359,548,337
3,505,478
682,852
3,601,511
440,130
303,155
14,889
25,085
70,760
379,070
200,508
57,533
404,770
475,484
958
222,316
28,145
2,952
112,673
2,738,428
'Consisting of surrender values claimable under cancelled contracts, amounts left with the company at interest (arising
out of assurance contracts) advance payments of premiums and interest by policyholders, policy dividends due and unpaid,
and premium reductions on outstanding premiums.
(a) Being $220,027 alloted to deferred dividend policies issued prior to Jan. 1, 1911 and $53, 156 full accrued profits on
quinquennial distribution policies.
ABSTRACT OF STATEMENTS
xliii
SESSIONAL PAPER No. 8
COMPANIES, DECEMBER 31.1920.
Profits
Investment,
Contingency
and
Special
Reserve
Funds
Shareholders'
Surplus
and
Unpaid
Dividends
Borrowed
money and
Bank
Over-
drafts
All Other
Liabilities
Total
Liabilities
Excess of
Assets over
Liabilities
(excluding
Capital
from
Liabilities)
Capital
Stock
Paid-up
All
Other
Policies
S
1,516,560
S
680,876
1,000
2,500
389,502
8
468,176
S
2,000,000
25,000
166,956
3,769
474
113,714
21,669
17,999
27,561
1,300
23,504
177,820
57, 657
109,927
157,873
18,677
431,780
11,802
94,135
19,164
2,914
8,735
1,502
16,124
597,127
5,268
3,022
$
70,251,084
616.641
33,674
25,803,798
2,742,496
3,236,044
5,580,324
7,865
5,420,817
32,714,602
16,945,054
12,878,408
30,384,569
1,729,058
37,472,342
4,825,541
17,823,739
3,162,755
279.000
1,672.877
225,011
1,556,982
105,974,777
883,655
311,011
$
5,857,853
140,633
69.840
1,456,819
280.220
153,917
587,612
112,003
774,141
4,668,045
2,365,349
226,675
2,836,341
85,100
4,998,675
353,642
2,218,144
494.230
124,309
275,924
59,897
319,811
8,864,667
118,065
44,363
$
1,000,000
129,285
71,210
100,000
200,000
102,071
160,000
100,000
115,000
998,088
450,000
75,000
300,000
100,743
1
0
3
29,471
15,216
4
fi
100,000
85,559
48,849
7
8
20,394
250,000
97,304
85,000
300,000
19,885
103,045
145,161
11,832
350,337
q
1,084,602
10
11
(a) 273,183
\'>
477,035
13
14
15
81,600
39,625
9,819
10,000
4,000
30,839
3,000
305,000
250.000
60,000
490,378
100,000
178, 500
229,702
209,995
500,000
117,840
128,232
Ifi
451,684
17
20,370
IS
19
2,789
205,000
''0
?1
70,000
14,627
65,768
2,160
99
414,148
50,000
9-^
1,629
24
2,500
'5
3,154,609
2,144,120
1,347,865
3,718,451
2,090,473
382,532,124
37,486,275
6,166,044
xliv
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
BASES OF VALUATION, EXCESS RESERVE, STATUTORY
Companies
Bases of Valuation used by Companies in Calculating the Reserve
(The Statutory Basis is as follows: —
(o) Assurances O-^C) 3J%; (6) Annuities O [a°'] & O [a/] 3J%)
Canada
Capital
Commercial
Confederation
Continental
Crown
Dominion
T. Eaton
Excelsior
Great-West
Imperial
London
Manufacturers
Monarch
Mutual of Canada
National of Canada. .
North American
Northern
Saskatchewan
Sauvegarde
Security
Sovereign
Sun
Travellers of Canada
Western
Par Assces since 1899, H™ 3%; all other Assurances and bonuses, H™ 3^ %;Annuitie3
O [a] 3J%
0°> (5) 3l%
On> (6) 3i%
Issued at Ord. rates— 0°> (s); Par; Interest prior to Jan. 1, 1896, 4%; 1896 to 1899
inch, 3j%; since, 3%; Non-Par; 31% for all years of issue. Tropical and
Sub-Tropical business. Am. Trop., Par 3%; Non-Par, 3j %, Annuities B.O.
Select, 3i%.
0"(s)3i%
0"> (5) 3|%; Annuities O [a] 3|%
Prior to 1910, H" 3J%; after 1909, 0-° (s) 3%; annuities, H-" 3^%
On'«3|%
JJm 31^
3% Business Am.' 3% and O-" (s) 3%; all other O"" (s) 3}%, Annuities B. 6. Select
3i%.
H™ 3%; Tropical and Sub-Tropical business Am. Trop. 3%; Annuities B. O.
Select 3%.
Ordinary: issued prior to Jan. 1, 1907, H" 3j%; since O" (») 3%; Industrial issued
prior to Jan. 1, 1900, Combined Exp. 3^%; issued 1900-1915, Farr's No. 3 3J%;
since Farr's No. 3, 3%. Annuities B.O. Select 3%.
H" 3i%; Tropical; Am. Trop. 3^%; Sub-Tropical, mean of H"" and A" Trop., Zh%
Annuities B. O. Select 3j%.
O- (5) Zi%
Assurance O™ {^) Z\% prior to 1903; 3% thereafter. Annuities O [a™] and O \af\
32% prior to 1903; 3% thereafter.
Par, O-"- (5) 3i%oNon-Par, H-" 3^%. Annuities, B.O. Select 3i%
H™ 85%- Tropical business. Am. Trop., 3%; Sub-Tropical, Table based on mean
of "qx" of Am. Trop. and H" 3%; Annuities B. O. Select 3i%.
0°> (6) 3^%; Annuities, B.O. Select 3^%
0"'(5)3^%
Annual Dividend O"- (s) 3%; all other 0°" (») 3\%
Oa (S) 31%
Participating O™ (*) 3%; Non-Participating O" (*) 3i%
Prior to Jan. 1, 1903, O-" (s) 3i%; since Dec. 31, 1902, O-" i}) 3%; Annuities B.O.
Select 3^%. Federal Life Business O™ 3^% throughout. Tropical Life and
Limited Life R. D. plan, practically American Tropical 3%; all other Tropical
O" (') 3%.
Life participating, issued prior to Jan. 1, 1913, O" (s) 3%; all other, O"" i?) 3|%. . . .
0'°W3i%
'Estimated.
ABSTRACT OF STATEMENTS
SESSIONAL PAPER No. 8
DEDUCTION— CANADIAN COMPANIES, DECEMBER 31. 1920
xlv
Excess of
Reserve on
Company's
Bases of
Valuation over
Reserve on
Statutory Bases
of Valuation
Deduction from the Reserve on
the Company's Bases of
Valuation
Permitted under
sec. 43 (3) Ins.
Act, 1917
Actually
made
$
*1, 278, 549
$
1,106,655
32,800
7,444
616,406
78,353
118,517
250,485
225
198,744
1,151,138
572,389
420,527
951,898
152,929
864,109
124,386
428,215
111,612
21,444
31,771
29,891
81,769
2,003,509
60,092
23,812
$
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
32,800
7,444
78,353
118,517
•118,149
*84,396
*24,462
222,500
*336,227
457,839
*366, 356
90,000
152,929
*656,724
124,386
111,612
21,444
31,771
29,891
81,769
60,092
23,812
•84,429
•1,042,899
•1,000
xlvi
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
ASSETS IN CANADA OF BRITISH AND FOREIGN COMPANIES LICENSED
(AS AT DECEMBER 31, 1920, EXCEPT FOR
Company.
'Real Estate
Loans
on
Real Estate
Loans
on
CoUa.terals.
Policy Loans
British Companies
Commercial Union
Edinburgh
Gresham
Life Association of Scotland
tLiverpool and London and Globe —
London and Scottish
Mutual Life and Citizens' (Australia).
North British and Mercantile
Norwich Union
Phoenix of London
Royal
Scottish Amicable
Scottish Provident
Standard
Star
Totals.
Foreign Companies
iEtna
Connecticut Mutual
Equitable
Guardian
Metropolitan
Mutual of New York
National of United States.
New York
Northwestern Mutual
Phoenix Mutual
Provident Savings
Prudential
Stete
Travelers of Hartford
Union Mutual
United States
Totals.
130,000
2,495,436
"6791266
186,998
227,212
1,712,039
'2,4971879
"896,065
373,288
4,446,785
917,498
12.727,404
218,132
4,174,500
4,234,208
53,300
681,865
218,132
9,143,873
6,000
'6',i65
12,165
15,000
15,000
10,442
272
31,712
25,580
631,504
3,094
44,251
258,534
329,328
5,056
1,800
1,254,155
6,864
2.602,592
904,135
966,124
7,889
2,491,816
2,079,565
3,513,525
7,252
72,088
523,578
72,895
942.747
389,327
53,051
12,023,992
•Market values.
tThis company also transacts fire insurance and has not made a separation of its assets as between fire and life branches.
Its total assets in Canada are shown in Vol. I.
ABSTRACT OF STATEMENTS
xlvii
SESSIONAL PAPER No. 8
TO TRANSACT THE BUSINESS OF LIFE INSURANCE IN CANADA.
COMPANIES NOTED ON PAGE xxxii.)
*Bonds
and
Debentures
•Stocks
Cash
Interest
and
Rents due
and
Accrued
Outstanding
and
Deferred
Premiums
and
Annuity
Consideration
Other Assets
Total Assets
250,218
$
$
106,561
92,402
37,864
34,174
70,137
12
13,769
1,250
$
2.502
S
2,935,296
151,573
1.498,539
200,528
1
58,887
2
552,767
43,194
1,167
4,033
3
138,357
4
5
4,505,201
26,401
21,513
102,440
3,248
128,221
142,389
129,961
6,576
56,519
89,655
19,481
7,046
41,489
7,329,413
391,630
4,321,024
156.320
3,339,527
2,468,941
70,173
71,844
14,448,180
138,113
Q
340,866
7
1,602,094
10,795
g
153,072
g
1,729,754
58,674
23,754
1,125
44
37,175
3,643
40,654
91,779
413
10
1,881,691
11
63 , 992
12
70,000
13
8,165,449
79,460
2,561
91,229
736
639
14
124,309
15
19,636,657
777,234
402,639
387,443
57,369
37,521,001
5,776,221
47,971
77,509
138,043
617
6,944.496
104,169
8,691,360
105,057
51.242,910
12,484,842
49,665
21,767,514
66,507
117,069
492,113
16,545,405
449,575
7,273,910
2,400,780
337,516
1
104,169
2
7,335,889
151,791
ii6,629
129
610,829
209,676
633
244,280
242
126,927
132
1,517,579
107,423
32
277,953
49
311
2,623
436,440
1,399
178,046
18,400
3,530
3
96,907
4
40,962,354
1,267,270
59,585
430
45
5
10,028,548
g
49, 000
7
13,021,052
476,496
s
58,964
9
116,758
10
348,879
61,400
1,618,791
23,068
106,942
93,402
12,674
7,123
156,158
4,400
69,604
23,899
3,161
11
13,810,438
12
284,513
10,000
6,201
13
5,289,505
14
1,875,752
15
250, 100
16
99,409,049
3,919,390
1,518,272
2.808,887
16,293
129,072,888
xlviii
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
LIABILITIES IN CANADA OF BRITISH AND FOREIGN COMPANIES LICENSED TO
(AS AT DECEMBER 31. 1920. EXCEPT
Company.
Net Liability
under
Contracts in
force for
Payments
not due
(Reserve).
Net Liability
for Payments
due under
Contracts
(unsettled
claims).
Provision for
unreported
Claims.
'Miscellaneous
Liability
under
Assurance
Contracts.
British Companies.
Commercial Union
Edinburgh
Gresham
Life Association of Scotland
Liverpool and London and Globe
London and Scottish
Mutual Life and Citizens' (Australia)
North British and Mercantile
Norwich Union
Phoenii of London
Royal
Scottish Amicable
Scottish Provident
Standard
Star
Totals
Foreign Companies
^tna
Connecticut Mutual
Equitable
Guardian
Metropolitan
Mutual of New York
National of United States
New York
Northwestern Mutual
Phoenix Mutual
Provident Savings
Prudential
State
Travelers of Hartford
Union Mutual
United States
Totals
217,222
18,849
537,327
235,125
72,332
4,798,459
278,082
441,527
128,000
2,634,631
2,426,111
34,135
20,198
8,557,533
83,848
20,483,379
,766,768
402,000
225,800
53,751
.713,082
.125,619
17,026
630,335
44,029
140,000
378,922
.109,448
336,831
.311,725
052,935
253,124
114,561,395
14,107
4,480
63,964
200
5,251
724
5,458
4.504
125,331
9,234
233,253
62,712
10,156
69,425
90, 148
92,297
149,535
6,000
12,500
43,724
1,000
68,799
32,345
11,000
649,641
4,263
10,066
'87! 906
40,000
8,031
2,500
152,700
542
2,251
4,981
1.642
7,222
282
20,954
37.874
116,141
85.050
245
335,600
109,310
312,724
1.736
114.841
3.493
19,967
15,531
4,234
1.118.872
•Consisting of surrender values claimable under cancelled contracts, amounts left with the Company at interest (aris
ing out of assurance contracts), advance payments of premiums and interest by policyholders, f>olicy dividends due and
unpaid and premium reductions on outstanding premiums.
fEstimated.
ABSTRACT OF STATEMENTS
xlix
SESSIONAL PAPER No. 8
TRANSACT THE BUSINESS OF LIFE INSURANCE IN CANADA.
FOR COMPANIES NOTED ON PAGE xxxii 1
Provision for Profits.
Investment,
Contingency
and Special
Reserve
Funds.
Borrowed
Money
and
Bank
Overdrafts.
All other
Liabilities.
Total
Liabilities.
eExcess of
Assets over
Liabilities.
dThe Reverse.
Deferred
Dividend
Policies
issued since
Jan. 1, 1911.
All other
Policies.
$
$
$
$
S
432
217,654
18,849
540,974
249,232
79,088
4,936,402
285,416
448,779
128,724
2,654,068
2,440,587
34,145
20,198
8,770.5.57
93,082
S
e 2,717,642
e 132,724
e 957, 565
d 48,704
1
2
3,105
3
4
25
7,906
5,492
2,001
5
729
60,363
e 2,393,011
e 106,114
e 3,872,245
e 27,596
e 685,459
e 28,354
e 36,028
e 51,646
e 5,677,623
e 45,031
g
7
g
g
6,757
9,690
10
10
11
12
13
62,000
4,739
15
729
62,000
60,363
40,157
20,917,755
16,682,334
83,796
29,239
7,062,919
412,156
8,668,481
55,244
46,011,260
11,972,206
17,026
21,128,339
,50,029
140,000
393,504
14,533,082
341,963
6,460,126
2,108.9H
268,930
d 118,423
d 307,987
e 22,879
e 49,813
e 5,231,650
e 512,636
e 32,639
e 639,175
e 16,478
d 22,931
e 98,609
e 2,012,323
e 107,612
e 813,784
e 291,876
e 68,586
1
2
256,839
1,230
370,100
615,107
21,367
18
403,3.56
29,873
3
4
11,068
5
6
7
957,234
78,511
g
9
10
346
115,431
402
23,025
5,593
572
11
104,946
237
25,879
4,692
P
13
2,700
14
15
16
2,415,368
18,460
707,733
119,624,169
e 9,448,719
8— d"
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
INCOME (RECEIPTS ON ACCOUNT OF CAPITAL STOCK SEPAR
Company.
Assurance Premiums.
Ordinary
and
Industrial.
Group.
Consideration
for
Annuities.
Consideration
for Supple-
mentarj'
Contracts.
Canada
Capital....
Commercial
Confederation
Continental
Crown
Dominion
T. Eaton
Excelsior
Great West
Imperial
London
Manufacturers
Monarch
Mutual of Canada....
National of Canada..
North American
Northern
Saskatchewan
Sauvegarde
Security
Sovereign
Sun
Travellers of Canada
Western
Totals.. .
11,241,393
215,859
22,586
4,976,347
587,867
848,576
1,480,184
476
1,283,029
8.012,400
3,981,736
3,507,516
6,760,413
735,386
7,579,777
942,539
3,346,659
755,182
128,904
289,015
103,097
413,394
20,898,710
355,590
120,736
78,587,371
24.038
38,004
"5;097
2,488
498
67,904
138,029
335,135
112,711
52
1,017
227
3,
2,000
15,008
'33^332
2,
1,585
1,567,943
2,075,407
66,904
2,580
3,210
46,064
22,924
13,764
72.683
8.923
29,400
275
10.000
43,969
320,696
ABSTRACT OF STATEMENTS
SESSIONAL PAPER No. 8
ATELY) OF CANADIAN LICENSED LIFE COMPANIES, 1920.
Amounts
left with
Company
(arising out of
Assurance
Contracts.)
Interest,
Dividends
and Rents.
Gross Profit
on Sale or
Maturity
of Ledger
Assets.
Premium
on
Capital
All
other
Income.
Total Income
(Excluding
receipts on
account of
Capital Stock).
Paid on
Capital
Stock.
$
19,130
3,755,493
39,411
7,062
1,339,156
139,245
162,356
399,094
1,418
315,209
1,873,188
990,066
686,381
1,699,978
77,133
2,243,187
260,856
1,111,943
177,987
20,076
84,168
11,711
104,867
6,073,715
41,172
16,721
90,866
$
$
70,468
973
$
15,603,427
258,823
49,960
6,488,309
731,974
1,030,937
1,897,743
47,413
1,600,746
10,153,224
5,094,473
4,212,418
8,639,229
816,452
10,124,171
1,226,669
4,542,888
955,393
149,663
373,821
156,508
532,449
29,412,219
398,973
141,971
$
1
?
20,312
3,535
3
6,446
50,439
4,534
18,660
17,862
4
276
5
240
88
350
6
376
7,515
153
5,329
7
100,000
5,000
1,823
8
75
2,280
69,200
65,209
10,488
19,990
3,933
61,084
10,972
29,297
18,842
217
q
138,037
10
32,538
11
5,545
25,000
n
3,447
126,131
13
14
133,214
894
15
3,379
16
267
22,834
17
1,797
18
466
IP
363
?n
41,700
48,371
?A
2,788
1,400
109,774
436
2,116
n
6,855
643,349
1,775
1,598
''3
?4
800
1,632
2.5
354,034
21,631,593
587,599
63,366
881,758
104,639,853
185,711
Hi
UE FART MEN T OF INSURANCE
11 GEORGE V, A. 1921
INCOME IN CANADA OF BRITISH AND FOREIGN COMPANIES
Company
Assurance Premiums
Ordinary
and
Industrial
Group
1
British Companies
$
17,160
258
225,002
4,170
2,482
554,012
201,165
57,812
2,540
232,720
735,855
658
173
737,300
4,792
i
0
3
Gresham
4
5
6
7
8
Nort h Brit ish and Mercantile
q
10
11
Royal
1?
13
Scottish Provident
14
15
Star
Totals
2.776,099
Foreign Companies
1
1,111,427
21,852
1,383,061
10,623
13,742,647
1,869,998
127
4,169,799
1,236
20,959
30,920
5,879,773
40,813
1,104,644
304,048
26,867
221,425
9
?
27,886
4
5
150,312
6
7
8
q
in
11
19
3,472
13
State
14
114.977
15
16
Totals
29,718.794
518,072
32,494,893
518,072
ABSTRACT OF STATEMENTS
liii
SESSIONAL PAPER No. 8
LICENSED TO TRANSACT THE BUSINESS OF LIFE INSURANCE, 1920
Consideration
for
Annuities
Consideration
for Supple-
mentary
Contracts
Amounts
left with
Company
(arising out of
Assurance
Contrasts)
Interest
Dividends
and Rents
Gross Profit
on Sale or
Maturity
of Ledger
Assets
All other
Income
Total Income
%
$
$
S
183,864
2,663
60,533
2,050
$
640
$
201,664
2,921
285,585
6,220
2,600
1,133,114
219,214
280,613
2,832
398.796
905,756
fc- 4,8S1
"• 3,294
1,492,346
12,383
1
2
50
^
4
58
60
6,919
280
42
5
10,989
359,022
17,769
222,758
292
161,721
95,488
4,223
202,172
6
7
1
s
9
4,355
10
74,413
11
12
3,121
717,123
7,591
n
81
33,852
3.990
14
15
131
85,403
58
1,838,218
236,024
16,286
4,952,219
28,900
12,505
330,746
4,526
362,731
6,892
2,263,845
572.521
1.705.003
26.378
1.802,713
'•■- 17,546
16,279,552
2,485,000
127
5,569,664
1,644
44,735
55,044
6,623,785
65,010
1,639,172
422,882
40,592
1
2
16,456
4,448
7,938
31
14,817
11,169
193
S
r
4
2.000
28
53,021
24,953
7.944
44,966
6,331
5
6
7
2,575
18,744
110,532
1.088,300
408
23,776
24,124
693,030
23,937
367, 178
114,323
13,725
179,714
8
9
10
11
31.761
25
260
15,724
12
13
49,555
65
2.818
14
793
3,653
15
16
21,059
211,447
158,070
5,890,062
10,762
250,581
36,778,847
21,190
298,850
158.128
7.728.280
246,786
266,867
41,731,066
liv
DEPARTMENT OF INSURANCE
a ^
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ABSTRACT OF STATEMENTS
Iv
SESSIONAL PAPER No. 8
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Ivi
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
DISBURSEMENTS OF CANADIAN LIFE
Company.
Taxes.
Head Office,
Branch Office
and
Agency
Expenses
All
Other
Expenses.
Canada
Capital
Commercial
Confederation
Continental
Crown
Dominion
T. Eaton
Excelsior
Great-West
Imperial
London
Manufacturers
HiMonarch
ISjMutual of Canada.. .
16 National of Canada
17| North American. . . .
ISJNorthem
19 Saskatchewan
20
21
22
23
24
25
Sauvegarde
Security
Sovereign
Sun
Travellers of Canada.
Western
Totals.
214,058
3,499
579
81,438
10,157
12,679
17,835
474
21,808
148,177
46,519
47,908
111,997
9,881
87,517
15,531
55,907
14,868
2,312
• 6,114
2,. 349
7,013
373,300
6,407
2,673
1,301,000
2,446,867
70,844
21,548
1,361,458
195,811
249,321
498,195
9.301
423.276
2,108,747
1,212,517
1,112,612
2,053,917
291,223
1,617,407
331,764
979,219
316,590
44,682
90,072
67,544
150,807
5,124,481
123,241
53,231
20,954,675
427.802
9,930
11,152
199,651
29,896
34,815
76,547
6,735
59,954
448,321
182,806
189,300
338,547
34,923
365,814
54,378
140,159
50,605
7,134
19,434
25,728
30,402
867,397
16,335
10,407
3,638,172
ABSTRACT OF STATEMENTS
Ivii
SESSIONAL PAPER No. 8
INSURANCE COMPANIES, 1920.
Total
Expenses.
In respect
of
Assurance
and Annuity
Contracts.
Supplementary
Contracts,
Premium
Reductions
and
Deposits
Withdrawn.
Dividends
to
Shareholders.
Gross Loss
on Sale or
Maturity
of Ledger
Assets.
Total
Disbursements.
'Investment
Expenses.
$
3,088,727
84,273
$
8,116,990
24,668
3,182
2,421,772
236,138
213,906
529,198
9,000
482,867
2,603,023
1,349,867
687,974
2,614,729
79,620
3,493,130
442,504
2,145,959
262,814
16,293
68,989
17,254
124,773
10,960,402
44,352
36,676
S
131,813
300
$
150,000
S
65
18,004
$
11,487,595
127,245
36,461
4,127,197
485,837
519,479
1,206,482
25,510
1,003,144
5,549,679
2,915,029
2,076,609
5,173,567
417,097
5,738,260
871,390
3,346,420
645,953
70,671
184,609
113,460
334,330
17,948,694
190,835
103,237
S
193.186
1
9
33,279
3
1,642,547
42,878
1,335
2,584
19,242
20,000
12,000
85,877
8.232
4,472
23,716
4
235,864
296,815
500
6,174
39,865
5
6
592,577
16,510
25,600
7
8
505,038
2,705,245
1,100
92,034
51,820
7,815
25,140
450
174,392
7,213
18,306
1,076
250
14,001
149,377
67,500
31,000
24,000
149
22,657
131,717
73,971
49,910
127,889
7,329
146,625
59
66,281
8,409
9
10
1,441,842
1,349,820
4,000
11
1'
2,504,461
336,027
5,237
1,000
13
1't
2,070,738
15
401,673
20,000
6,000
16
1,175,285
382,063
870
17
18
54,128
19
115,620
4,208
90
95,621
585
(a) 8,735
177,175
500
250
?1
188,222
12,600
425,000
2,408
303,686
1,050
99
6,365,178
145,983
20,939
23
24
66,311
""}
J 25,893,847
36,986,070
764,993
957,077
96,803
64,698,790
1.261,682
• Included in the items constituting "Total Expenses."
(o) Including $968 Gold Bond Interest payments.
Iviii
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
DISBURSEMENTS IN CANADA OF BRITISH AND
Company.
Taxes.
Head Office.
Branch Office
and
Agency
Expenses.
British Companies.
Commercial Union
Edinburgh
Gresham
Life Association of Scotland
Liverpool and London and Globe
London and .Scottish
Mutual Life and Citizens' (Australia).
North British and Mercantile
Norwich Union
Phoenix of London
Royal
Scottish Amicable
Scottish Provident
Standard
Star
Totals.
Foreign Companies.
1 .^tna.
2 Connecticut Mutual .
3 Equitable.
4 Guardian.
Metropolitan
Mutual of New York
National of United States.
New York
Northwestern Mutual
Phoeni.x Mutual
Provident Savings
Prudential
State
14 Travelers of Hartford.
15 Union Mutual
16 United States
Totals
Totals — British and Foreign Companies.
1,460
4.017
3
44
9.887
2,917
4,024
205
4,192
7,622
10
12,523
80
46,984
9.760
13
23,479
8
207,723
28,747
35
70,756
1
23
82,601
782
18,387
5,344
521
448, 180
495.164
900
86,414
169
282
123,765
154,691
18,285
68
32,187
147,840
25
135,741
438
700.805
197.481
10
211,690
733
3,250,292
3324B38
803,071
304
1,463,118
2,314
325,728
44,752
2,605
6,635,036
7,335.841
ABSTRACT OF STATEMENTS
SESSIONAL PAPER No. 8
FOREIGN- LICENSED LIFE COMPANIES, 1920.
lix
All other
Expenses.
Total
Expenses.
In respect
of
Assurance
and .4i.nnuity
Contracts.
Supplementary
Contracts,
Premium
Reductions
and
Deposits
Withdrawn.
Gross Loss
on Sale or
Maturity
of Ledger
Assets.
Total
Dis-
bursements.
•Invest-
ment
Expenses.
S
252
i
2,612
1,222
101,708
425
440
156,430
171,529
27,822
323
39,855
170,886
40
253
170,781
532
14,150
$
$
$
16,762
1,222
203,980
22,230
16,130
659, 127
204,626
75,272
5,778
243,447
637,706
4,986
8,268
1.357,319
16,724
$
1
1,222
9
11,277
101,831
21,805
15,690
500,675
33,097
47,450
5,455
202,576
464,159
4,946
8,015
971,701
16,157
441
59
3
253
4
114
5
22,778
2,022
15,165
5,785
6
13,921
7
5,513
8
50
9
3,476
1,016
2,661
10
15,424
11
5
1*^
253
IS
22,517
14
2,421
35
212,416
13,760
14
15
97,069
844,858
2,407,707
8,596
212,416
3,473,577
34,769
17,938
225,179
40
247.530
757
3,879,660
394,371
35
944,845
26
1,339,611
68,573
1,044,101
515
4,309,648
1,910,720
2,807
2,737,729
7,350
70,483
40,165
1,276,431
109,403
738,142
370,739
17,862
66,023
1,630,813
68,613
1,304,922
2,082
8,212,111
2,356,635
2,842
3,717,594
8,101
70,483
40,492
2,957,312
119,043
1,148,450
423,464
21,195
54
1
17
?
12,361
13,291
810
22,117
51,544
1.520
3
16
4
421,645
32,686
686
4,872
5
6
7
71,018
35,020
725
8
25
q
in
327
1,645,791
3,317
377,490
52,275
3,333
11
100,072
35,090
6,323
32,818
450
1?
221
n
33,375
14
2,179
IP
207
16
691,760
7,774,976
14,044,279
264,211
686
22,084,152
6,446
788.829
8,619,834
16,451,986
272,807
213,102
25,557,729
41.215
•Included in the items constituting "Total Expenses."
Ix
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
DETAILS OF LIFE INSURANCE ISSUED
Company
Gross
Amount
in force,
Jan. 1, 1920.
Gross Amount Issued.
New
Issued.
Old
Revived.
Recovered
from
Disability.
Old
Increased
Trans-
ferred.
Canadian Companies.
Canada.
Ordinary
(.Group
(fl)..
(6).
Ac)..
(a)..
(6).
[(c).
Capital
Commercial..*.
• . (a)
Confederation \ (6)
^ . , IW
Continental
Crown
Dominion
T. Eaton /Ordinary.
{Group
Ordinary.
Great-West.
Imperial .
London .
Manufacturers' . .
Monarch .
Industrial
Ordinary f (a).
(6).,
, 1(c)..
Group (a)..
(a)
(6)
(c).
Ordinary^ (6)..
((e)..
Industrial (a).
Group (a)..
{(a)..
Ordinary^ (6)..
1(c)..
Group.. . .(a)..
f(a).
Mutual of Canada { (6).
(c)..
,(a).
National of Canada] (b).
:c).
North American.
23
Northern
Saskatchewan.
Sauvegarde
Security
Sovereign
(a).
(6).
[:c).,
Sun.
(a).
■ Ordinary^ (6).
(c).
Thrift..
Group.
Travellers of Canada.
Western
{(a),
lib).
(c).,
hn).
\(.b).
(c)..
Totals... Ua).
(6).
(c).,
156,
72,
229,
937,684
856,583
794,267
,723,260
399,012
,244,788
,236,586
,481,374
,022,701
,338,339
,472,313
33
207
5
212
701,586
33,661
441,329
118,947
560,276
84,
8,
92,
49,
49,
27,
95,
43,
139,
093,395
540,763
634,158
639,222
52,000
691,222
504,587
110,700
442,255
944,476
386,731
20,
169,
1,
170,
26,
26,
76,
8,
84,
17,
3,
8,
3,
12,
218,
197,
415,
129.349
489,076
217,229
706,305
571,984
234,200
806,184
487,319
110,171
597,490
879,907
753,876
375,320
012,437
305,211
628,715
245,072
873,787
526,864
512,503
039,367
650,700
650,700
,805,175
,458,939
38,004,253
23,752,066
61,756,319
2,148,470
35,500
2,183,970
1,689,370
405,038
26,499,388
7,780,712
34,280,100
4,757,164
6,832,325
15,778,158
19,500
20,098,500
10.770,264
57,067,245
3,100,280
60,167,525
411,500
27,296,357
3,251,449
30,547,806
19,880,965
88,500
19,969,465
11,857,232
32,809,292
19,459,557
52,268,849
40,800
8,000,849
46,674,145
321,015
46,995,160
6,954,182
64,500
7,018,682
22,080,210
1,352,649
23,432,859
7,746,431
842,534
2,400,648
2.002,155
4.141,300
52,161,085
55,906,933
108,068,018
544,798
106,417
651,215
14,450
10,000
795,888
68,823
864.711
139.000
731,241
882,700
370,000
2,285
2,117,053
95,000
2,212,053
492,715
74,000
566,715
231,500
231,500
136,289
548,147
230,108
778,255
7,356,728
1,432,400
8,789,128
3,786,387
1,227,750
170,390
491,587
1.000
492,587
130,953
1.000
131.953
750,085
16,650
766,735
117,423
74,144
14,000
17,000
61,500
1,237,112
1.021.162
2,258,274
5.095
906
6.001
22.000
81.000
1,393,179,704
360,068,530
1,753.248,234
441,740,225
116,545,561
558,285,786
10,188,355
1,615,066
11,803,421
63.663
17.015'
80,678
561.380
561,380
3.505
274,249
25,776
300,025
5,765
259,028
74.110
67,028
80
487.235
942,249
1,429,484
124,500
37,050
500
37,550
39,616
450
450
39,616
1,579
13,000
109,745
21,216
130,961
11,700
83,874
80,273
1,000
81,273
171,123
171.123
122.229
42,148
164.377
10,008
12,509
2,500
2,500
14,085
220,506
2,056,151
2,276.657
1.644,050
1.644,050
6,'i43
450
450
4,503.033
3,106,0.55
7,609,088
20,378
750,805
771,183
15,800
465.794
103.674
569,468
32,000
570,092
87,500
1,256,112
15,500
1,271,612
366,870
28,500
395,370
755,982
755,982
375,595
251,382
626,977
118,850
712,690
5.000
717.690
181,093
500
181,593
495.713
50,227
545,940
53,750
3,000
1,000
7,000
135,550
3,057,013
2,790,505
5.847.518
1,026
1,026
45,911
3,000
8,761,719
3,996,093
12,757,812
(a) lu C-inadn. (b) Out of Canada, (c) Total business.
ABSTRACT OF STATEMENTS
Ixi
SESSIONAL PAPER No. 8
AND TERMINATED 1920.
Gross Amount Terminated.
Gro.ss
Amount
in force
Jan. 1. 1921.
Death.
Maturity.
Expiry.
Dis-
ability.
Sur-
render.
Lapse.
Decrease.
Not taken.
Trans-
ferred.
$
1,982,949
710,505
2,693,454
6,800
$
667,146
358,522
1,025,668
$
362,597
27,340
389,937
%
2,534
6,475
9,009
$
2,341,550
1,217,347
3,558,897
$
5,020,678
1,574,736
6,595,414
%
209.885
63,152
273,037
380,100
S
2.028,050
1,400,239
3,428,289
S
661.250
109.933
771.183
$
182,294,137
92,014,637
274,308,774
2,322,9)50
35,500
2,358,450
6,845,495
723,974
107.556,149
28,068,776
135,624,925
17,553,656
25,745,826
45,348,869
19,500
17,944,500
40,544,635
30,256
248,192,013
8,242,988
256,435,001
415,250
105,204,764
10,996,583
116,201,347
63,673,221
136,500
63,809,721
33,683,674
110,600
120,276,827
58,433.584
178,710,411
47,500
25,564,980
205,156,734
1,470,994
206,627,728
30,517,440
288,950
30,806,390
90,600,089
9,000,384
99,600,473
22,190,672
4,026,823
9,652,821
4,474,587
14,528,336
253,436,403
223,697,258
477,133,661
487,221
479,305
966,526
8,144,428
1,432,400
9,576,828
11,412,089
4,233,907
1
6,800
380, 100
15,350
22,080
129,710
3,000
1,231,835
212,916
1.444,751
370,295
86,665
299,935
243,890
84,076
5,444,493
791,598
6,236,091
1,499,522
2,216,229
4,345,683
174,060
15.800
•^
3,000
3
787,402
220,976
433,599
36,453
470,052
55,135
34,500
240,407
423,955
159,639
583,594
43,000
39,675
26,714
345,346
49,471
394,817
61,500
266,341
324,238
1,670,310
489,815
2,160,125
265,464
626,3.50
1.412.780
387,018
185,927
572.945
31,500
576.552
4
1,008,378
76,558
5
138,887
6
208,655
7
8
11,000
2,143,000
22,000
254,503
1,475
66,525
1,129
186,651
2,000
627,347
702
2,116.373
50,003
2,166,460
2,770,968
2,464
10,2,55,879
599,226
10,855,105
103,550
511.350
93,5C0
9
1,177,169
28,964
450,361
4,000
454.361
5,500
954,053
114,080
1.068,133
120,750
101,116
5,213
106,329
123,200
3,808.779
216.125
4,024,904
1,222,196
16,500
1,238.696
10
1,206,133
186,651
5.500
545,244
256,806
16,060
272,866
64.499
90,072
971,409
70,520
1,041,929
331.645
3,742,830
491,350
4,234,180
4.137,100
4,000
4,141,100
5,432,545
1,022,276
165,000
1.187.276
971.750
351,870
43,500
395,370
773,253
11
106,986
652,230
226,117
90,072
246,500
1?
226,117
64,499
69,648
246,500
1,538
331,645
123,200
43,910
13,100
134,131
107,469
241,600
5,000
94,101
167,632
971,750
773,253
268,372
612,190
338,361
320,439
658,800
51,138
89,767
140,905
757.168
367,750
1.124,918
5,250,810
2,847,216
8,098,026
1,468,012
1.019.142
2,487,154
396,397
230,580
626,977
13
490,792
1,102,982
71 , 000
24.308
569.730
159,000
1,435,386
13,000
1,448,386
500,053
250
500,303
1,181,228
85,778
1.267,006
346,830
38,850
101,750
11.500
86,160
4,903,509
4,374,415
9.277.924
7,167
9,888
17,055
2,192,883
5,149,305
28,250
5,177,555
2.028.846
'2^028^846
5,421,686
225,641
5,647,327
2,685,712
399,308
661,250
382,700
1,652,725
6,418,539
6,463,003
12,881,542
4,008
3,853
7.861
280,540
2,273,275
16,500
2,289.775
285.337
116,500
713,690
4,000
717,690
179,727
7,000
186,727
497,713
48,227
545.940
48.175
1.000
1.000
7,000
135,550
3,056,202
2,791,306
5.847.508
1.026
14
1,241,648
2,000
739,821
10,500
750,321
102,635
1,000
15
1,243,648
236,501
569.730
72.005
1.000
167,632
86,791
2,000
88,791
270,866
17,755
288,621
3,500
36,652
21,147
16,805
64,300
455,678
13,348,056
13,803,734
325
51
376
1,476,050
16
2,000
238,501
102,635
452,147
20,000
472,147
39,216
72.005
137.235
23.409
160,644
30,500
10,000
4,500
28,000
46.820
92,718
186,914
279,632
285,337
761,637
79,220
840,857
362,844
154,930
291,250
104,800
50,000
4,473,343
4,851,350
9,324.693
612,955
17
71,431
684,386
100,070
18
18,500
19
52,750
7.000
'0
15,700
21
76,000
1,782,734
2,399,389
4,182,123
8,253
17,755
681,305
907,087
1,588,392
24,985
12,620
37.605
i,m
1.045
5,045
22
23
7,692
15,945
1,026
29,500
1,500
29,500
1,500
1.476,050
48,173
14,850
57,250
49,000
19,200
67,250
29,000
685,050
370,275
294.750
71.100
45.911
3,000
i^4
35,500
25
10,66-).762
4,040.735
14,701,497
4,479,270
1,681,681
6,160.951
4.984,5'66
491.069
5.475,635
16.534
7,520
24.054
18,135,317
6,401,957
24.537.274
78,499,454
13,028,873
91.528.327
5,958.440
13.707.247
19.665,687
23.362.98.7
8.237,391
31.600.378
9,315,830
3,436,973
12,752,803
1,702,960,326
434,297,859
2,137,258,185
Ixii
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
DETAILS OF LIFE INSURANCE ISSUED
Company
Groea
Amount
in force,
Jan. 1, 1920.
Gross Amount Issued.
New
Issued.
Old
Revived.
Recovered
from
Disability.
Old
Increased.
Trans-
ferred.
1
British Companies.
$
595,130
22,520
5,887,885
286,822
127,297
16,833,325
1,653,084
1,743,775
1,425,618
120,727
7,807,264
11,433,179
47,687
31,473
20,573,788
154,210
$
14,260
183
2.045.999
$
S
%
$
0
3
8,000
1.000
7.000
i\
5
57
122.106
23,128
30,709
750
1,419
g
2,022,035
935,000
2,105,710
292,635
66,765
17.244
103.093
7
Mutual Life and Citizens' f Ordinary
(Australia) \Industrial... .
g
()
10
573,000
5,217,220
800
7,994
39,500
11
Royal
23.141
JO
13
21
205,178
11
3.713,693
18.451
15
Star ..
Totals
68,743,784
16,919,735
222,347
406,090
47,919
Foreign Companies.
34,304,467
4,412,900
928,942
36,165,048
137,000
259,634
182,403,909
149,180,531
4,609,550
45,364,903
25,257
100,794,116
77,703
224,129
1,047,219
64,860,407
83,489.353
7,058,200
12,025,300
• 14,000
6.833,097
2,507,400
5,500
65,484,582
35,211,426
13,012,700
9,558,025
34.425
42,213
6,512,450
2,380
12,061
561,650
55
4,706.449
2.186,858
4.643,408
85,110
793.846
2
241.013
3
53,500
205.507
4,826,340
6,225,815
34
6
7
8
60,893
202.240
22,563,075
261.412
20.700
81.434
887.100
10
11
'2i; 314,' 373
21,764,041
394,950
6,090
12,499,325
8,800,007
1,124,855
39,044
8,000
1,614,194
2,267.392
4,156
810,460
35,250
176
33,825
3,687,588
263,888
2,823,201
12
1.676,158
13
State
1,860,186
38,291,852
1,590,400
8,582,379
886,660
63.500
11
Travelers of Hartford /Ordinary
\Group
78.500
t 852.916
12,000
759,496,545
240,215,990
15,442,471
20,700
23,669,411
7,745,515
Totals (In Canada only)- All Companies
2,221,420,033
698,875,950
25,853,173
21,150
28,578,534
16,555,153
Transferred from United States, tincluding $8,400 conversion from Group.
ABSTRACT OF STATEMENTS
SESSIONAL PAPER No. 8
AND TERMINATED IN CANADA DURING 1920.
1X111
Gross Amount Terminated.
Gross
Amount
in force
Jan. 1, 1921.
Death.
Maturity.
Expiry.
Dis-
ability.
Sur-
render.
Lapse.
Decrease.
Not taken.
Trans-
ferred.
9,920
$
2,035
S
$
$
3,000
$
$
11,235
S
$
$
583,200
22,703
7,265,213
265,189
110,188
17,526,353
2,322,9.53
3,069,437
1,633,535
90,727
7,935,281
15,742,276
43,021
23,479
22,838.667
132,668
1
?
65,893
38,841
528,009
21,928
23,000
7,000
T
21,633
4
18,021
564
261,153
5
189,545
29,000
348,141
21.875
559,965
254,385
862,489
17,000
123,074
11,383
36,283
3,683
7,000
6,500
6
11,360
7
14,976
102
1,000
42,665
19,120
29,276
137,781
69,860
2,000
8
724
q
104,923
54,500
8,674
33,000
24,500
92,836
328,852
14,683
48,898
8,000
282,829
39,500
in
175,64.5
11
4,660
1?
8,015
13
435,306
356, 6i7
7,507
41,000
129,648
316,607
260,765
132,500
14
13,372
663
15
1,116,664
692,212
127,500
797,542
2,960,143
531,932
461,829
47,163
79,604.890
496,821
409,094
22,504
1,246,235
892,300
92,837
6,160,750
2,372
98,855
504,700
17,521
6,360,287
1,928,423
3,277,200
22,482
190,500
793,846
38,089,014
16,699,550
995,617
38,698,545
2,690,600
244,468
219,477,568
170,542,091
17,737,558
51,356,888
22,320
115,525,957
64,553
149,240
961,866
77,878,496
96,738,340
353,250
1,551,962
47,132,715
10,459,300
9,048,036
857,796
1
89,850
500
64,195
15,019
499,570
4,500
1.337,877
104,632
253,237
9
459,899
10,750
154,508
447,968
1,000
1,317.754
3
200
347,095
548,690
3,000
195,082
178,177
1,092,800
527.242
4
998,860
1,253,979
" '41697
2,400
6,780,359
1,840,914
14,881,399
15,964,944
8.051,841
328,823
542,715
5
64,200
91,500
456,551
279,261
1,555,247
300
1,222,492
1.067,000
6,500
6
2,637
7
926,226
421,041
557.703
8,000
4,764,741
294,577
887,100
8
13,150
Q
67,765
124
11,000
51,239
6,000
15,500
2,979,578
495,185
1,000
27,000
381,314
387,742
10
26.966
9,000
3,342,501
9,536,547
3,887
67,017
144,588
74,950
11
371,851
622,134
14,167
795
2,688.870
2,841,298
2,082,073
12
2,000
61,500
13,000
273,571
239,990
466,542
63,500
844,516
13
336,640
218,849
2,483,585
50,000
131,512
22,000
14
72,068
3.496,627
278,240
129,223
59,202
5,671
75,597
4,592
239,312
22,558
22,000
1,<i
13,087
16
3,540,352
2,505,974
6,887,499
31,559
14,925,594
54,487,906
22,825,313
12,362,465
8,748,240
917,275,730
18,317,778
7.677,456
11.999,565
48,093
33,858,453
135.947.503
29,315,685
36,187,281
18,111,233
2,699.840.946
Ixiv
DEPARTMENT OF INSURANCE
11 GEORGE V. A. 1921
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Ixv
SESSIONAL PAPER No. 8
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Ixvi
DEPLRTMENT OF INSURANCE
11 GEORGE V, A. 1921
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ABSTRACT OF STATEMENTS
Ixvii
SESSIONAL PAPER No. 8
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Ixviii DEPARTMENT OF INSURANCE
11 GEORGE V, A. 192
EXHIBIT OF NET INSURANCE IN FORCE, INCLUDING DISABILITY BENE
Company.
Participating.
Waiver of
Premiums
only.
Waiver of
Premiums and
Sum Assured
payable by
Instalments, the
Balance at Death
or Maturity.
Waiver of Premiums
and Sum Assured
payable by Instal-
ments during a
Term Certain.
Waiver of Premiums
and a Disability
.■\nnuity without
Reduction in the
Sum Assured.
No.
Net Amt.
Assured.
No.
Net Amt.
Assured.
No.
Net Amt.
Assured.
No.
Net Amt.
As.sured.
1
Canadian Companies.
Canada
2,158
$
3.857,125
4.194
$
8,190,477
$
11,008
8
30
6,003
806
599
2.372
S
28,722,951
21 080
?.
Capital
3
92
741
174,000
4,129,390
4
21,000
84 500
4
Confederation
1,378
2,317,456
15 436 846
fi
679
1.058,000
1,957 700
6
2,101
3,586,212
1,090,792
7
Dominion
8,701
19,539.024
5,377,568
8
T.Eaton
9
Excelsior
1,763
2,528,350
1,128
a 84,844
2,648
1,992,178
168,097,940
4,671,863
1,400
7,827
3,010
2,441
6,754
2,709
11,692
1,021
4,163
786
482
733
2,961,695
in
Great-West
20,773 826
11
46
9,587
9,248
1,500
1,573
463
495,000
12,501,935
17,998,256
2,655,375
2,572,191
638,453
9,056 691
n
London
4,362,000
13
Manufacturers
1,939
4,183
4,207
3,422,348
7,862,292
6,973,041
14,498,937
14
6,263,918
15
Mutual of Canada
3,543
6,270,392
25,110,812
Ifi
National of Canada. . .
2,087,202
17
North American
6 4,370
7,231,397
9,306,437
18
Northern
1,865
79
3,243
2,630,912
155,875
3,871,160
1,520,195
19
Saskatchewan... .
1,122,923
9.0
Sauvegarde
1,092,500
?.\
Security
m
Sovereign
2,739
5,046,184
238
532,000
c 1,045
37,187
2,446,108
67,819,124
716
21,492
16
2,223,000
23
Sun
48,876,034
?A
Travellers of Canada
4,500
6,500,000
69,000
9.^
Western
1,731
3,711,455
Totals
38,929
66,551,873
13,853
23,810,325
150,935
291,134,315
86,068
202,016,607
British Companies.
Commercial Union
1
9.
39
53
59,542
73,000
3
London and Scottish
12
25,500
4
Mutual Life and Citizens' (Australia)
North British and Mercantile
5
6
Phoenix of London
7
Roval
274
582,006
59
314,125
8
Standard
d 1
1,000
Totals... .
366
714,548
1
1,000
71
339,625
1
4.187.350
■ '2^268
7
30,828
3,154
15,691
4.052
750,700
?,
Equitable
1,395
11
111,925
1,013
3,525
•10,416
164
3,602,579
62,500
106,562,497
2,327,083
7,073,000
♦6,883,432
251,440
1,723
3,707,668
6,116,564
3
49,000
4
•Metropolitan
10
125
10,757
•31,156
300,750
293,000
22,316,050
•41,021,609
35,946,858
5
Mutual of New York
8,392,196
6
36,733,300
7
Prudential
5,715,158
8
State
tt
10
Union Mutual
11
United States
Totals
Totals— All Companies f 1920. . .
\1919...
Increase, i; decrease, d
128,449
126.762,531
43,771
67,639,077
4,187,350
56,000
93,703,776
167,744
155,210
194,028,952
182,510.625
57,624
50,392
91,449,402
85,351,820
150,936
133,753
295,322,665
261,469,362
142,139
96, 108
296,060,008
187,548,809
il2,534
ill, 518,327
i7,232
i6,097.582
il7,183
133.853,303
t46,031
1108,511,199
a Waiver of premiums or the sum assured payable by instalments during a term certain.
b Waiver of premiums, and if so requested, the sum assured payable by instalments during a term certain.
c Waiver of premiums and half sum assured at disability, balance at death or maturity.
d Not exceeding ten payments, each of one-tenth the sum assured, and in event of recovery before the policy
becoines a claim, all instalments paid to bo deducted from the proceeds of the policy.
ABSTRACT OF STATEMENTS
SESSIONAL PAPER No. 8
FITS— PRIOR TO THE OCCURRENCE OF DISABILITY, AS AT DECEMBER 31, 1920.
Ixix
Non-Participating.
Totals.
Waiver of
Premiums
only.
"Waiver of
Premiums and
Sum Assured
payable by
Instalments, the
Balance at Death
or Maturity.
Waiver of
Premiums and
Sum Assured
payable by Instal-
ments during a
Term Certain.
Waiver of
Premiums and
a Disability
Annuity without
Reduction in the
Sum Assured.
Totals.
No.
Net Amt.
Assured.
No.
Net Amt.
Assured.
No.
Net Amt.
Assured.
No.
Net Amt.
Assured.
No.
Net Amt.
Assured.
No.
Net Amt.
Assured.
17,360
$
40,770,553
21,080
279,500
21,883,692
3,015,700
4,677,004
24,916,592
38
97,000
32
S
72,970
$
103
4
21
242
43
62
S
471,017
14,000
61,000
529,373
108,872
171,152
173
4
40
573
SO
263
64
4
471
2,564
68
1,032
1,575
157
133
19
434
302
S
640,987
14,000
89,500
1.281,373
170,072
582,121
215,762
11,000
1,262,500
8.921,788
222,395
1,438,404
3,878,160
525,882
482,022
43,500
879,607
660,060
1
s
9
126
19
9
28,500
51,000
^
8,122
322
701,000
4
1,485
37
61,200
>>
2,700
201
410,969
5
11,073
64
215.762
7
4
103
314
23
307
511
101
43
12
152
101
11,000
309,000
1,223,522
88,000
550,500
1,599,886
486,282
278,380
28,000
397,112
303,911
s
4,291
7,482,223
188,871,766
14,223,554
16,863,935
35,919,541
16,781,585
40,926,436
2,725,655
16,537,834
4,151,107
1,278,798
4,963,660
126
284,000
242
a 2,250
45
669,500
7,698,266
134,395
q
92,671
ir
5,704
11
12,028
725
745
13
21
7
887,904
1,408,334
33,500
54,894
15,500
p
17,941
319
43
51
869,940
6,100
116,748
n
8,392
14
21,015
1,484
18
32,000
15
16
8,533
b 282
482,495
17
2,G51
201
356,149
IS
561
19
3,976
109
177,000
46
7
67
860
9
106,000
17,000
285,250
1,928,765
35,146
155
596
189
2,807
1,309
105
283,000
794,500
550,550
5,628.909
2,935,146
295,852
''0
589
21
777,500
68,000
■>!
4.738
58,679
10,247,292
116,695,158
6,569,000
3,711,455
50
95,750
c 51
1,947
101,550
3,700,144
22
0-^
4,516
1,300
2.900,000
''4
1,731
105
295,852
05
289,785
583,513,120
2,369
4,196,352
2,282
4,551,470
5,331
14,056,100
3,135
9,003,168
13,117
31,807,090
1
39
59,542
98,500
49
30
2
93,000
83,543
2,000
49
102
2
93,000
186,768
2,000
9
65
72
103,225
^
4
5
333
896,131
1,000
17
63,500
28
148.378
45
2
211,878
6,000
7
1
d 2
6,000
g
438
1,055,173
98
242,043
2
6,000
100
251,603
200
499,646
4,938,050
13,426,811
111,500
el42,810,105
11,012,279
66,122,350
53,620,199
251,440
18,084,871
2,633,400
20,718,271
1
5,386
9
18
^
142,763
4
4,292
5
29,973
ft
45,624
7
164
8
428
1,169,908
1,003
3,018,242
3,509
14,983,052
2,415
8,177,598
7,355
27,348.800
()
10
1
2,000
1
2,000
11
228,220
292,292,734
429
1,171,908
1,003
3,018,242
3,509
33,067,923
2,415
10,810,998
7,356
48,069,071
518,443
435,463
876,861,027
716,880,616
2,896
2,396
5,610,303
4,388,627
3,285
831
7,569,712
3,756,264
8,842
4,081
47,130,023
23,178,620
5,650
2,034
20,065,769
6,777,020
20,673
9,342
80,375,807
38,100,531
t82,980|il59,980,411
i 500
11,221,676
t 2,454
13,813,448
i 4,761
i23,951,403
i 3,616
113,288,749
t" 11,331
{42,275,276
e In addition the company has 1,270,971 industrial policies insuring approximately $165,886,241, providing for waiver
of premiums and payment of one-half the sum assured in event of disability.
• Approximate figures.
Ixx
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
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Ixxi
SESSIONAL PAPER No. 8
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ABSTRACT OF STATEMENTS
SESSIONAL PAPER No. 8
Ixxiii
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IXXIV
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
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ABSTRACT OF STATEMENTS
Ixxv
SESSIONAL PAPER No. 8
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Ixxvi
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
s
468,176
29,471
15,216
85.559
15.285
28.188
128.286
11.832
350.337
30.839
■ ODCl (O
■ t^ to I-
CO
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169.557
20.000
12.507
7,124
25,600
15.502
168.800
69.000
31,363
32.569
20.000
6,537
27.896
10.017
15.870
437.924
to
0
0
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Non-
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Account
«»
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Invest-
ment
Reserve
Fund.
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10
■CO :
'^.
Share-
holders'
Propor-
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Decrease
in
Assets
due to
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ation,
Loss or
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a»
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Divi-
dends
to
Share-
holders.
150.000
20,000
12,000
25.600
14.200
149,596
67.500
(c) 31.000
24,000
20.000
6.000
00
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21,329
15.779
7.124
38.934
14.719
178,238
83,097
9,598
79,543
34,474
6,537
27,896
12,806
14,221
458,999
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3.380
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Non-
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COrt"
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Interest
added
during
1920.
75.689
6,329
10,484
5,382
12,742
8,511
63,759
31,591
4,974
35,208
14,134
3,438
27,896
10,522
14,031
31,129
0
00
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Hi
281.983
28.142
11.944
72.225
16.068
18.750
114,189
33,597
303,363
16,365
CM CD
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ABSTRACT OF STATEMENTS
SESSIONAL PAPER No. 8
Ixxvii
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Ixxviii
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
6
1.432,779
864., 321
-
198,488
58,113
230,042
856,644
189,513
283.247
1,654,579
830,714
401,005
184,388
464,875
130,656
64,950
39,901
3.791.047
CD
00
la
32
•»
o
CI
§
Invest-
ment
Reserve
Fund.
••
CO
CO
1 n <I>
III
•»
CO
oo
CO
OS
e» ^
C-1 (M CS
t^OO -«•
>0 Til
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00
i
Increase
in Assets
due to
Revalu-
ation.
«»
en
o
00
Ml
CO
CO
Profit
on Sale
of
Securities.
9,759
8,403
578
3,357
5,375
22
627
3,447
■ 14,615
2,784
2,371
2,096
2 189
lO
oo
Interest,
Divi-
dends
and
Rents.
407,959
208,518
17,602
26,132
14,095
38,505
154,941
53,935
44,068
241,586
184,141
102,903
53,657
73,690
13,850
16,274
14,464
1,166,007
I§1
o-e a.
e»
xn
■a"
Consider-
ation
for
Supple-
mentary
Contracts.
09 -^
CO
oo
CO
Consider-
ation
for
Annuities.
356,971
83,504
52
344
227
C5
00 <M
O CO
— CO
O0U5
C3>
i
CO
CO
o
1.1
<;ph
"3
o
436,422
481,324
81,998
132,170
36,506
136,865
433,602
114,846
170,962
1,407,322
418,104
187,685
110,619
290,521
71,608
41,672
6,959
569,010
C3
s
6
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in
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CO
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45,907
368
2,007
21,505
4,459
oo
CO
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00
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3
a
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111,460
82,427
16,717
29,393
7,267
54,672
256,328
20,130
66,973
131,243
73,097
14.204
69,647
33,833
6,851
18.. 323
CO
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ABSTRACT OF STATEMENTS
Ixxix
SESSIONAL PAPER No. 8
Ixxx
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
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ABHTRACT OF STATEMENTS Ixxxi
SESSIONAL PAPER No. 8
STATEMENT OF THE PRINCIPLES AND METHODS FOLLOWED IN THE
SEPARATION OF ACCOUNTS AND IN MAKING TRANSFERS
FROM ONE ACCOUNT TO ANOTHER.
The Canada Life Assurance Company.
The methods followed in compiUng this schedule depend naturally on the methods followed
by the Company in maintaining and carrjdng forward from year to year its various Assurance
and Annuity funds. For its own purposes the Company maintains three With Profits funds
and two Without Profit funds. Under each of these funds the income from premiums and con-
siderations for annuities is obtained from the corresponding accounts in the ledger, and this
applies also to such items of outgo as surrender values, annuities paid and surrendered, dividends
to pohcyholders, disability claims, and endowments matured. There are other items of income
and outgo which cannot be definitely assigned to any particular fund, and have to be divided
amongst the funds in accordance with some equitable method. The items referred to are death
claims, expenses, and interest. With the exception of those arising in the Deferred Dividend
fund, the loss arising from death claims is distributed amongst the funds in proportion to the
expected mortality on a "Select" basis. As regards expenses, they are assigned to the various
funds under the following headings :—
1. Commissions, being taken direct from the ledger accounts.
2. Investment expense, taken as a proportion of the average funds invested during the year.
3. Expense of settling death claims, taken as 1% of the amount of the claims.
4. Premium tax, being the tax paid on premiums during the year.
5. Expenses in regard to paid-up policies, free policies and bonus additions, being taken at
rates of $2.00 per thousand, $.3.00 per thousand, and $5.00 per thousand respectively.
6. Expense attributable to new business alone, including such items as medical fees, inspec-
tion of risks, twenty per cent of agency salaries, fifty per cent of travelling expenses,
and fifty per cent of advertising, being distributed amongst the Company's funds in
proportion to new sums assured.
7. Balance of expenses distributed over the various funds in proportion to the total pre-
mium paying sums assured in force.
As regards interest, this was distributed amongst the Company's funds in proportion to
the average funds for the year. Profit on sale of securities and decrease in assets due to re-
valuation were similarly distributed.
In the foregoing divisions the shareholders' account is debited with its share of the invest-
ment expenses and credited with its share of the interest income. Expenses charged directly
to the shareholders' account do not enter into the division of expenses above.
The same general principles were followed in dividing the death claims reported but not
paid, the provision for unreported claims, interest due and accrued, and interest paid in advance.
In completing the Separation of Accounts Schedule the various items were arrived
at by combining the figiu-es of all the Participating funds for the Participating section of the
schedule, and the corresponding figures of the Non-participating funds for the Non-partici-
pating section of the schedule, and hence the schedule as completed, directly represents the status
of these accounts for the year.
Confederation Life Association.
The participating and non-participating accounts were prepared on a strict revenue basis,
and, as far as possible, separate ledger accounts were opened for the purpose of apportioning
the various items to' the two accounts.
1. Ledger Accounts. — Separate ledger accounts were opened for assurance premiums, first
year and renewal ; consideration for annuities ; consideration for supplementary contracts;
amounts left on deposit; death claims; matured endowments; cash surrender values; annuity
payments; dividends to policyholders; payments on supplementary contracts; commissions to
agents, first year and renewal; and medical fees.
2. Interest Income. — -The net interest earned, after deducting investment expenses and
the interest allotted to shareholders' accounts, was divided between the two funds in propor-
tion to the respective funds at the beginning of the year, after adding one-half the income for the
year, disregarding interest, and deducting one-haK the outgo. The profit on sale of securities
was divided in proportion to the reserve in the respective funds at the end of the year.
3. Expenses. — Where expenses could be definitely apportioned to either branch, separate
accounts were opened in the general ledger, otherwise they were distributed on the following
assumptions : —
Agents' salaries, expenses and advances were distributed in the proportion that the actual
commissions paid in the participating branch bore to those paid in the non-participating branch.
Taxes were distributed proportionally to the total premiums earned in each branch.
The ordinary medical fees were distributed through separate ledger accounts according to
the nature of the application, but the miscellaneous medical expenses were distributed in
proportion to the amounts in the two medical accounts.
Ixxxii DEPARTMENT OP INSURANCE
11 GEORGE V, A. 1921
Confederation Life Association— CowcZudtJ.
The romainder of the expenses, after deducting commissions, agents' expenses, medical
expenses, investment ex-penses, and taxes, was distributed in porportion to the premium income
on the usual 10 to 1 basis.
One-fifth of the amount set aside as provision for imreportcd death claims was apportioned
to the non-participating branch on the assumption that the businos-s in the non-participating
branch was approximately one-fifth of the total business of the Association.
The reserve and the funds held on deposit with interest were determined by actual calcu-
lation.
The Continental Life Insurance Company.
The principles followed in completing the schedules for the separation of accounts were
as follows : — Such items as were definitely apportionable to the different funds were so distri-
buted. The other item^, which were not definitely apportionable were distributed as follows: —
Increa.se or decrease in as.scts due to revaluation, — according to the amount of the funds at
the beginning of the year.
Profit on sale of securities, — according to the reserves at the end of the year.
Interest to shareholders' fund at the net rate earned, and the balance of the interest in
proportion to the participating and non-participating funds at the beginning of the
year.
■ Taxes,— according to the amount of the net premiums received during the j'ear.
Ex-penses not definitely apj)ortionable, — according to the number of the policies at the end
of the year.
The Crown Life In.surance Company.
Separate accounts are kept in respect of items definitely apportionable between the several
funds. In respect of other items the apportionment was made as follows:
The aggregate of the items: (o) Interest, dividends and rents earned (less investment
expenses), (h) Increase in assets due to revaluation, (c) Loss on investments, and (d) Decrease
in assets due to revaluation, were divided among the participating, the non-participating, and the
A+B— I,
shareholders' funds by the formula where A represents the net ledger assets at the begin-
21
ning of the year, B the net ledger assets at the end of the year, and I the sum of gross interest
and net rents.
Profit and loss on sale of securities was divided between the participating fund and the
non-participating fund in proportion to the mean of the reserves at the beginning and at the
end of the year.
Expenses not definitely apportionable to the respective funds (excluding investment
expenses) were divided into three groups and apportioned as follows: (a) Agents' advances,
salaries and ti-avelling expenses, and advertising, — in proportion to the first year commissions
(revenue); (h) Head Office salaries and travelling expenses, rents, furniture, printing, stationery,
etc., — one-half in proportion to the first year premiums (revenue), and one-half in proportion
to renewal premiums (revenue); (c) Directors' fees, medical fees, postage, telegrams, agency
cashiers' salaries, legal expenses, guarantee bond premiums, etc., — in proportion to the total
premiums (i-evenue).
The Dominion Life Assurance Company.
(1) Separate accounts of all items of revenue and expenditure, with the exception of
medical fees, -which could be definitely attributed to one branch of the company's business, were
kept and the amounts of these various items were credited or charged to the proper accounts.
(2) All other items of revenue and expenditure were divided in the following manner: —
(a) Taxes, excluding taxes on investments, — in proportion to total premium revenue.
(b) Medical fees, — in proportion to number of applications received.
(c) Loss on securities and increase in assets due to revaluation, — in proportion to the mean
of reserves at the beginning and at the end of the year.
(d) Advertising, — in proportion to total premiums on revenue basis.
(e) Agents' advances, agents' salaries, and all agency expenses with the exception of com-
missions as follows: Participating and non-participating renewal premiums were
each assessed with an expense charge of 5 per cent and the balance, after deducting
the amount of expense so assessed, was divided in proportion to first year premiums.
(/) Head office salaries, directors' fees, auditors' fees, travelling expenses, and all other
expenses excluding the above, and after deducting the amount which it was consi-
dered proper to charge to investment expenses, as follows: 25% in proportion to
number of new policies issued and 75% in proportion to total number of policies in
force at the end of the year.
(g) Interest, after deducting investment expenses as shown in the statement, was divided
amongst participating, non-participating, shareholders' and contingent funds in
proportion to the mean amount of those funds, and the amount so credited to the
contingent fund was then transferred to the participating fund.
ABSTRACT OF f^TATEMENTS Ixxxiii
SESSIONAL PAPER No. 8
The Excelsior Life Insurance Company.
A. Income Items. — Premiums received less premiums paid for reinsurance are added to
the participating fund or the non-participating fund according as the ledger accounts show
that they have been received on account of participating or non-participating policies.
Income received from interest and rents is divided among participating, non-participating
and shareholders' funds in proportion to the balance to the credit of these funds at the beginning
of the year of account.
Profits realized on the sale of securities and increase in assets due to revaluation are divided
between participating and non-participating funds in proportion to the net reserves on partici-
pating and non-participating business at the end of the year of account.
B. Di.'ibursement Items. — Amounts of death claims, matured endowments, surrender values,
life annuities, dividends, and payments on supplementary contracts are allocated to participating
or non-participating accounts according as they occur in connection with participating or non-
participating policies.
Commissions, medical fees and risk inspections are separated in ledger accounts, medical
fees and risk inspections being apportioned entirely to first year expense.
Legal expenses and taxes are separated into participating and non-participating in the
ledger accounts. They are divided between first year and renewal expense in proportion to
total revenue premiums less reinsurance premiums.
Advances to agents which have been lost or written off are apportioned to first year expense
and divided between participating and non-participating accounts in proportion to first year
commissions paid.
Agents' salaries, agents' travelling expenses, agents' sundry expenses, agents' special ad-
vances and amounts paid for advertising are charged to first year expense and divided between
participating and non-participating accounts in proportion to first year premium revenue less
reinsurance premiums.
Directors' and auditors' fees, express, telegrams and telephones^ postage and exchange are
divided in proportion to total premium revenue less reinsurance premiums.
Head office salaries, head office travelling expenses, stationery and printing, rent, fight,
and sundry expenses are apportioned by charging one dollar per thousand insurance in force,
one-half of the balance in proportion to revenue first year premiums and the remaining
one-half in proportion to revenue renewal premiums.
Transfer of amounts to investment reserve, loss on sale of securities, and investment
expenses are apportioned to participating, non-participating, and shareholders' accounts, in
proportion to the funds to the credit of these accounts at the beginning of the year.
The Great-West Life Assurance Company.
21
A net rate of interest was determined by the use of the formula
A+B— I
where I represents the interest income on the revenue basis (after deducting investment
expenses), and A and B represent the total of all funds on which the Company is required to
earn interest as at December 31st, 1919 and December 31st, 1920 respectively. On the basis
of the rate so determined the net interest earned was apportioned to capital, participating and
non-participating funds.
Profit on sale of securities and assets written up were divided between participating and
non-participating accounts in the same proportion as the interest.
The total insurance expenses were apportioned between the two funds in proportion to the
premium income on the revenue basis by the ten to one method. Expenses not definitely
apportionable to either fund were ascertained by deducting from the total insurance expenses
so apportioned the specific expenses for which separate accounts were kept during the year.
All other items were obtained directly from the ledger accounts and adjusted to the revenue
basis.
The Imperial Life Assurance Company' of Canada.
From the total interest, dividends and rents earned, adjusted for due and accrued, there
was deducted the total investment expenses and the proportion of net earnings credited to the
shareholders' account. The balance was divided between the participating and non-partici-
pating funds in the proportion which the non-participating mean fund for the year 1920 bore
to the total mean gross assets, first deducting from the assets the total interest, the shareholders'
fund and amounts owing.
Profits on the sale of securities were divided between the participating and non-partici-
pating funds in the proportion that the mean reserve on non-participating policies and annuities
bore to the mean reserve on participating policies and annuities.
The following expense accounts (less the portion charged as investment expenses) were
divided in the proportion that the non-participating gross premium income bore to the partici-
pating gross premium income. — Advertising; Insurance Books and Papers; Exchange; Express
Ixxxiv DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
The Impeuial Life Assurance Company of Canada — Concluded.
and Freight; Tolpgrams and Telephones; Logal Expenses; Office Furniture; Printing, Stationery
and SuppHes; Rent, Fuel, Light and Caret aking; General Expenses; Alterations and Repairs;
Premiums on Cuarantce Bonds; Insurance Society Fees.
The following accounts (less the portion charged as investment expenses) were divided in
the proportion which the non-participating first year gross premium income bore to the partici-
pating fu-st year poss premium income. — Agents' salaries, travelling expenses, commission
advances, bonus and sundry agencj- expenses.
The following accounts (less the portion charged as investment expenses) were divided in
the proportion which the number of non-participating policies bore to the number of partici-
pating policies. — Postage, inspection of risks, photographic supplies, war taxes, oflBcers', directors'
and auditors' salaries and expenses.
Taxes, licenses and fees were divided in the proportion which the non-participating gross
premium income bore to the participating gross premium income.
Reserve of $8.00 on policies changed from participating to non-participating was trans-
ferred from the participating fund to the non-participating fund; reserve of $879.00 on policies
changed from non-participating to participating was transferred from the non-participating
fund to the participating fund.
Dividends received on reinsured non-participating policies were credited to the non-parti-
cipating fund.
There was transferred from the contingency reserve fund to the participating fund, $24,016.36
The London Life Insurance Company.
Initial Separation. — When separation of accounts was first required, the funds of the Com-
pany were apportioned to the participating and non-participating branches insofar as these
amounts were definitely ascertainable as, for example, the Reserve and Accruing and Accumu-
lating Profits.
The Investment Reserve was apportioned on the basis of the total funds at the credit of
the two accounts.
The unapportioned surplus was divided in the proportion of $10 per $1,000 partici-
pating business to $5 per $1,000 non-participating business. In other words, the amount
of surplus allocated to the participating business was twice as great, proportionately, as that
allocated to the non-participating section.
Annual Treatment of Accounts. — From year to year thereafter the accounts were debited
and credited with their share of the Receipts and Disbursements and increase or decrease of
fimds on the various bases outlined below. Each year, however, an adjustment of the Surplus
Fund was made so as to maintain that fund in the ratio of two to one for the respective volumes
of participating and non-participating business, transfer from the non-participating section being
made for this purpose as required.
Receipts. — The accounts were credited with their respective premium payments, and the
interest receipts, less interest earned on shareholders' funds and less the Investment Expenses,
were divided in the proportion of the mean amount of funds of the respective branches as at
beginning and end of period.
Profit on sale of securities and miscellaneous profits were apportioned on the basis of the
mean of the reserves at the beginning and end of the period.
Miscellaneous revenue was apportioned on the basis of the total funds at date of statement.
Disbursements. — In apportioning the payments where these could not be definitely sepa-
rated, the following bases were used:—
Commission to Agents. — The total amount not definitely separated in 1920 was $69,096.80.
This sum was apportioned as between New and Renewal on the basis of 10 to 1 and
each of these divisions on the basis of the amount of participating and non-participating
New and Renewal net Cash Premiums received.
Taxes, Licenses and Fees. — Were divided on the basis of the net Cash Premium Income
of the year.
Other expenses not definitely apportionable were divided as follows: —
On Basis of Net Cash Premium Income. — Head office salaries, directors' fees, auditors'
fees, head office travelling expenses, books and periodicals, express, telegraph and telephone,
legal expenses, office furniture and fittings, bank collection charges.
On Basis of Net Insurance in Force at end of Year. — Postage, printing and stationery, rent,
fuel and light, head office building maintenance, sundry expenses.
On Basis of Gross New Issued Business. — Agency travelling expenses, advertising, conven-
tions and outings.
Transferred to Shareholders' Account. — For the years 1918, 1919 and 1920. the profits credited
to shareholders' account, other than the interest earned on the Shareholders' Capital and fimds,
were 5% of the total profits paid or credited to policyholders, the total profit on the non-partici-
pating busine.ss being used for the general betterment of the Company's position.
Reserve for Unreported Claims. — Divided on basis of Net Insurance in Force at end of period.
ABSTRACT OF STATEMENTS Ixxxv
SESSIONAL PAPER No S
The Manufacturers Life Insurance Company.
A strict revenue account of the Company's operations for the year ending December 31st,
1920, was prepared. The various items entering into the account were then divided as follows :-
Separate Accounts as between participating and non-participating insurance were main-
tained in the general ledgers of the company for the following items: — (1) Premiums (2) Death
Claims (3) Matured Endowments (4) Surrenders (5) Supplementary Contracts (6) Disability
Claims (7) Agents' Commissions.
The Expenses of the Company .—From the revenue expenses of the year were deducted the
investment expenses and all expenses charged against the shareholders' funds. The balance
was divided as follows: — -
(A) Agents' commissions according to the ledger accounts. (B) Medical fees in propor-
tion to the number of policies in the two sections. (C) Agents' salaries, travelling expenses
and taxes in proportion to the total premiums. (D) Advertising in proportion to the first year
premiums. (E) Head office salaries, directors' fees, auditors' fees and general expenses in
proportion to the number of policies in the two sections.
Interest. — To the revenue interest of the year was added the profit from exchange and sale
of securities and the increase in the value of the assets on revaluation. From this was
deducted the amount written off the ledger assets, the investment expenses and the interest
allotted to the shareholders' funds, the balance being the amount to be divided between the
participating and nonparticipating funds. To the funds at the beginning of the year was
added one-haK the net revenue of the year, excluding the interest. This amount was then
divided into the amount to be distributed and a factor for distribution obtained. Using this
factor a distribution was then made to the two funds.
Funds at the beginning and the end of the year are determined by the yearly valuation
of the Company's liability in the two sections and the separate items of income and expenditure
for the year. The provision for unreported death claims was divided between the two sections
in proportion to the outstanding claims at the end of the respective years.
The Mutual Life Assurance Company of Canada.
Separate accounts are kept for all items definitely apportionable between the participating
and the non-participating funds.
All other items were apportioned as follows: — ■
Interest, dividends and rents (less investment expenses) . — In proportion to the mean of the
funds at the beginning and end of the year.
Profit on sale of securities, and increase in assets due to revaluation. — In proportion to the
funds at the beginning of the year.
Taxes, licenses and fees. — In proportion to the cash premium income, the unpaid of the
previous year being divided in proportion to the cash premium income of that year.
Medical fees. — In proportion to the number of participating and non-participating
policies issued in the year
Expenses incurred not definitely apportionable to the respective funds {excluding investment
expenses). — In proportion to the number of participating and non-participating policies in force
at the end of the year.
Re division of Expenses into Assurance and Investment. — Head office salaries and travelling
expenses, agents' salaries and travelling expenses, and commissions on loans were obtained
directly from the ledger. Taxes on investments were obtained accurately by collecting the
correct items from the general accounts. Legal fees were obtained by separating those items
in the general account which could be definitely allocated, and dividing the remainder nine
parts to assurance and one part to investments. Investment rents were found by taking certain
proportions of the rental for offices which include an investment section.
The balance of these accounts, as well as the medical fees, agents' commissions and adver-
tising expenses are definitely allotted to assurance expenses. The remaining expenses such as
directors' fees, auditors' fees, postage, printing, oflftce furnishings, light, fuel, etc. were divided
in the proportion of three parts to assurance expenses, and one part to investment expenses.
The National Life Assurance Company of Canada.
As regards the different items of revenue : — ■
The participating and non-participating accounts are prepared on a revenue basis and
separate ledger accounts are kept for the purpose of apportioning the various items to the two
accounts.
(1) Assurance premiums, first year and renewals, are separated into participating and nou-
participating in the accounts throughout the year as they are paid.
(2) Consideration for supplementary contracts is divided into participating and non-
participating in accordance with the plan of the original policies from which the supplementary
contracts arose.
Ixxxvi DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
The National Life Assurance Company of QIak ad a— Concluded .
(3) Aiuounls ](>ft on doposil are also divided in accordance with the plan of the original
contract from \s hich the deposits arose.
(4) Interest and rents. — The net interest earned on a revenue basis, after deducting invest-
ment expenses and the interest allotted to shareholders' accounts, was divided between the two
funds in the ]iroportion of the respective funds at the beginning of the year after adding one-
half of the income for the year, disregarding interest, and deducting one-half the outgo. The
profit on securities was divided in the proportion of the participating and non-])articipating
reserves at the end of the year.
As regards the different items of disbursements: —
(1) Claims by death and by maturity are kept separate throughout the year as to partici-
pating and non-participating so that the exact amount of each is known.
(2) Dividends to policyholders will all be participating as they arise from participating
pohcies.
(3) Payments on supplementary' contracts are divided in accordance with the plan of the
original polic3\
(4) Commissions to agents, both first year and renewal, are kept separate in the company's
accounts throughout the year so that the exact amounts belonging to participating and non-
participating accounts are known.
(5) Taxes are separated throughout the year and the exact amounts belonging to partici-
pating and non-participating accounts are knowTi.
(6) Medical fees are kept separate throughout the year in accordance with the plan of the
original application and thus the exact amount is known for each of the participating and non-
participating accounts.
(7) Head office expenses including salaries, directors' fees, auditors' fees and traveUing
expenses, are divided in proportion to the number of policies in force at the end of the jear in
the participating and non-participating sections.
(8) All other expenses, excluding investment expenses, are divided in proportion to the
premium income.
North American Life Assurance Company.
For the " Separation of Accounts" Schedule, an exact record was kept of those items of
income and outgo which may be accurately apportioned to their respective funds. These items
were: First year and renewal premiums, paj^ments to policj'holders, commissions to agents,
medical fees and payments for inspection of risks.
The remaining items of expenditure, after deducting the investment expenses, were then
apportioned between the participating and non-participating funds as follows: Taxes were
divided in proportion to the gross premium revenue, less reinsurance premiums, of the two
funds; other miscellaneous items of expenses in proportion to the premium revenue of each fund,
on a ten to one basis as between first year and renewal expenses.
Profits on exchange, sale of securities and interest income were divided in proportion to
the mean funds.
Of the non-participating surplus, $10,000 was taken for the Staff Pension Fund, and $3,098.67
was transferred to the shareholders' surplus account.
The Northern Life Assurance Company of Canada.
All accounts which can be definitely divided between the participating and non-partici-
pating funds are carried in separate accounts in the Company's books. The other accounts
are treated specially and the following memoranda apply.
The commissions paid agents consist of two parts— first, the commissions actually paid in
cash for business closecl; and second, the advances made to agents against commissions accruing.
This latter item was divided in proportion to the commissions earned for the year, that is, in
proportion to the amounts actually paid plus the credits in the advance accounts.
The amounts i)aid for taxes, etc., were divided between the two funds in proportion to the
net^amount of premiums paid during the year.
The general expenses after deducting the investment items were divided into four groups
as follows : —
Group A. — 75% agency salaries and expenses; 75% telegrams, express, etc.; advertising;
divided in proportion to new premiums (net).
Group B. — 25% agency salaries and expenses; 25% telegrams, express, etc.; divided in
proportion to renewal premiums(net).
Group C. — Head office salaries and traveUing expenses; directors' fees; auditors' fees;
divided in proportion to reserves (net). ♦
Group D. — Books and periodicals; exchange; office fm'niture; postage, printing and station-
ery; legal and collection fees; rents and sundries; divided in jjroportion to insurance in force
31st. December, 1920.
ABSTRACT OF STATJiJMENTS Ixxxvii
SESSIONAL PAPER No. 8
La Sauvegarde Life Insurance Company.
The following accounts are kept separately in respect of participating and non-participa-
ting business: — Premiums, claims by death and maturity, surrender values, dividends, commis-
sions and medical fees:
Interesl, dividends and rents earned (less investment expenses) are divided in proportion
to the mean funds.
Profit on sale of securities — Division was made in pi'oportion to the mean funds at the end
of the year.
Miscellaneous revenue (Not definitely apportionable to the respective funds) . — Division
was made in proportion to the mean funds of the year.
Taxes, licenses and. fees. — Divided in proportion to the total of premium revenue less rein-
sured .
Decrease in assets due to revaluation. — Divided in proportion to the mean funds.
Agents' expenses. — Divided in proportion to the first year premium revenue less reinsured.
Head' office salaries and general expenses. — Divided in propoi'tion to the revenue for each
branch.
The Sovereign Life Assurance Company of Canada.
Interest and rents, taxes and license fees, investment expenses. — The revenue under each of
the above heads was divided between the three accounts in proportion to the mean funds for
the year.
Profit from scde of securities was first divided between participating and non-participating
combined, on the one hand, and shareholders, on the other, in proportion to mean funds. The
portion thus assigned to participating and non-participating together was then divided between
them in proportion to their respective net policy reserves at the end of the j^ear, as shown in
the statement of actuarial liabilities.
Balance of agency, head office and miscellaneous expense, $111,396.07, Was then apportioned
to participating and non-participating accounts on the basis of mean volume of assurances in
force in each branch (approximately 83 per cent and 17 per cent, respectively).
All other items were definitely apportionable and have been dealt with accordingl}^
Sun Life Assurance Company of Canada.
Methods used in apportioning items not definitely apportionable.
1. Income from interest and rents was distributed between the various branches in pro-
portion to the mean funds, and investment expenses were taken at 5% of the interest and rents
credited to the branch.
2. Profit or loss from sale of securities and loss on investments were distributed in pro-
portion to the mean of the reserves at beginning and end of the year.
3. Increase or decrease in assets due to revaluation was distributed in proportion to the
funds at the end of the year.
4. Expense Items. — ^Assurance Branches.
Taxes on premiums were distributed in proportion to the total premiums (New and
Renewal). Inspection of risks in proportion to the number of new policies written. Agents
advances, telegrams, cables, etc., in proportion to the new premiums. Balance of agency
expenses in proportion to New and Renewal premiums on the 10 to 1 basis. Balance of Head
Office expenses in proportion to New and Renewal premiums on the 5 to 1 basis. The premiums
used in the above calculations were the net premiums received after deduction of re-insurance
premiums paid.
5. Annuity Branch.
In addition to the expense items definitely ascertained and charged to this branch such as
commissions, medical fees, etc., it was charged with If % of the New premium income from
Annuities to cover the cost of acquisition of New Business and |% of <the Annuity payments as
provision for handling the Old Business.
Ixxxviii
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
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XCll
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
So
^ >
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N.F.C. 4%
Om(5) 3J%
N.F.C. 4%
N.F.C. 4%
tCanada Life (5) 4';i
Forester's Exp. i%
N.F.C. 4%; Om(5)
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5^1
S
4,313,961
680,764
5,1.50,917
787,, 584
190,766
43,492,035
520,089
986,149
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All
other
Lia-
bilities
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185,491
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ABSTRACT OF STATEMENTS
XClll
SESSIONAL PAPER No. 8
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XCIV
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
CANADIAN FRATERNAL BENEFIT SOCIETIES— INCOME. 1920
Societies
Premiums
Received
for
Expense
Purposes
Interest
Divi-
dends and
Rents
Gross
Profits on
Sale or
Maturity
of Ledger
Assets
All other
Income
Total
Income
Mortuary
Sickness
and
Funeral
All
Other
S
389,463
91,130
663,208
251,379
44,701
3,130,596
106,699
139,239
S
117,319
20,488
164,890
6,171
790
$
182,590
t 11,778
174,765
24,631
4,233
•
$
235.969
36,098
233.023
36,682
9,716
1,913,206
28,747
50,520
S
%
326
197
27.467
S
926,457
936
9
160,627
7.899
1,271,261
Catholic Mutual Benefit Associa-
318,803
Commcrcial Travellers Mutual
390
16,698
450
944
59,040
298,002
2,504
7,000
5,276
146
5,363,778
6,054
11,708
144,600
215,411
Totals
4,816.415
616,374
8,689
415,759
2,549.961
19,427
33,412
8.460,037
•Included with premiums,
premiums.
tReceived for sickness expenses. Provision for mortuary expenses included in
CANADIAN FRATERNAL BENEFIT SOCIETIES— DISBURSEMENTS. 1920.
Benefits paid to or ir
re.spect of Members
Expenses
Gross
Loss on
Sale of
securities
All
Other
Disburse-
ments
Total
Societies
Mortu-
ary
Fund
Sickness
and
Funeral
All
Other
Funds
Total
Dis-
burse-
ments
$
298,641
29,082
402,833
196,892
33,500
3,886,529
63,373
77,683
$
112,778
21,931
142,935
5,919
%
108
S
411,527
51,013
547.077
202,811
33,. 500
4,152,739
65.231
83,513
S
196,903
36,723
162,590
23,541
5,367
691,193
31,938
33.330
$
$
%
608,430
63
87,799
1.309
709.667
Catholic Mutual Benefit Associa-
1,182
227,534
Commeroial Travellers Mutual
38,867
266,210
1,858
5,830
26,141
102.950
4,973,023
97.169
116,843
Totals
4,988,533
557,461
1,417
5,547,411
1,181.585
26,204
104.132
6,859,332
•Orphans Home and Sanatoria maintenance.
FOREIGN FRATERNAL BENEFIT SOCIETIES— INCOME IN CANADA 1920.
Societies
Premiums
Received
for
Expense
Purposes
Interest
Divi-
dends and
Rents
Gross
Profit on
Sale or
Maturity
of Ledger
Assets
All other
Income
Total
Mortuary
Sickness
and
Funeral
All
Other
Income
S
48,043
441,618
1,504
73,979
14,169
2.349
183,355
176,981
77,837
17.855
7.306
$
13,262
$
S
8,309
29,138
5,107
*35,903
1.934
6,017
122,769
7,846
13,736
8,731
3,869
$
829
%
$
$
70.443
470,756
Jewish National Workers' Alliance
1,195
7,806
589
19,589
468
898
2.102
4.865
3.389
359
110,471
35,692
Ladies' Catholic Benevolent Associ-
8,834
16.210
323 232
186,929
96,438
Woman's Benefit Association of the
1,186
7,464
1.237
32,398
18,998
1,044,996
39,317
1,237
243.359
33,088
1.361,997
•Includes receipts from insurance and non-insurance members.
ABSTRACT OF STATEMENTS
SESSIONAL PAPER No. 8
FOREIGN FRATERNAL BENEFIT SOCIETIES-DISBURSEMENTS IN CANADA 1920
xcv
Benefits paid to or in respect of Members
Expenses
Gross
Loss on
Sale of
securities.
All
Other
Disburse-
ments
Total
Societies
Mortu-
ary
Fund
Sickness
and
Funeral
All
Other
Funds
Total
burse-
ments
Association Canado-Americaine... .
Catholic Order of Foresters
Jewish National Workers' Alliance
$
29,816
416,927
250
37.850
15,000
2,500
226,649
128,711
52,312
17,484
1,600
S
11,034
S
$
40,850
416,927
1,084
37,850
15,000
2,500
243,024
128,711
52,312
21,771
7,445
S
7,469
9,455
360
15.833
$
S
$
48,319
426,382
834
1,444
53,683
1,509
752
88,319
80
4,430
3,699
459
16,509
Ladies' Catholic Benevolent
3,252
16,375
331.343
128,791
Western Mutual Benefit .^sociation
Woman's Benefit Association of the
56,742
3,779
5,845
508
25,470
Workmen's Circle
7,904
929,099
37,867
508
967,474
132,365
1,099,839
1
CANADIAN FR4TERNAL BENEFIT SOCIETIES— AMOUNTS OF LIFE INSURANCE (MORTUARY FUND)
TERMINATED DURING 1920.
Societies
Death
Maturity
and
Expiry
Disabil-
ity
Old Age
Annuity
granted
Surrender
Lapse
and
Decrease
Not
Taken
Total
{(a)
$
222,704
4,500
227,204
20,124
317,831
92,072
409,903
186,592
31,500
939,089
1,376,971
2,316,060
59,668
91,000
$
S
4,750
S
58,195
150
58,345
S
$
975,406
194,232
1,169,638
73,205
894,389
410,922
1,305,311
916,657
108,150
6,683,965
11,327,581
18,011,546
185,667
271,535
S
S
1,261,055
Alliance Nationale \{b)
1(0
198,882
4,750
1,459,937
2,199
16,657
32,950
145,135
{(a)
Artisans Canadians \(b)
1(c)
Catholic Mutual Benefit Associa-
13,600
2,600
16,200
1,225,820
505,594
1,731,414
1.103.249
Commercial Travellers Mutual
139,650
f(a)
Independent Order of Hb)
Foresters. [(c)
12,500
4,973
17,473
32,658
50,206
82,864
648,621
612,391
1,261,012
8,310,833
13,372,122
21,688,955
18,500
ii,929
275,764
Woodmen of the World
362,. 535
\(a)
Totals lib)
1(f)
1,865,508
1,473.543
3,342,051
14,699
4,973
19,672
51,008
52,806
103,814
706,816
612,541
1,319,357
35,157
10,108,974
11,932,735
22,041,709
44,879
12,830,041
14,076,598
35,157
44,879
26,906,639
FOREIGN FRATERNAL BENEFIT SOCIETIE.S-AMOUNTS OF LIFE INSURANCE IN CANADA
(MORTUARY FUND) TERMINATED DURING 1920)
Societies
Death
Maturity
and
Expiry
Disabil-
ity
Old Age
Annuity
granted
Surrender
Lapse
and
Decrease
Not
Taken
Total
$
29,4.50
410,500
250
S
$
$
$
S
223,200
608,000
$
252,650
1,018,500
Jewish National Workers' Alliance
250
16,000
2,500
201,375
126,690
5,000
19,043
18,500
583,175
196,726
40,043
Ladies' Catholic Benevolent Associ-
21,000
784,550
234
323,650
Woman's Benefit Association of the
13,512
1,.300
88,283
97,600
101,795
Workmen's Circle
98,900
801,577
5,000
234
1,834,527
2,641,3.38
*Figures not available.
XCVl
D /•; /'. I /<• TM K.\ T or INS URiyCE
11 GEORGE V, A. 1921
LIFE INSURANCE IN CANADA, 1920.
(Inclvding business of Provincial Licensees.)
Business transacted by
New
Policies
Issued
(gross)
Net
Insurance
in force
Dec 3 1,1920
Net
Premiums
received
Net
Claims
paid
Dominion licensees —
(o) Life companies
(6) Fraternals
Totals
Provincial licensees —
(a) Provincial companies within province by which they are incor-
porated.
(i) Life companies
(ii) Fraternals ■ • •
(6) Provincial companies in provinces other than those by which
they are incorporated.
(i) Life companies
(ii) Fraternals
Totals for Provincial Companies
Grand totals
698,875,950
17,050,791
2,657,025.493
202,758,305
90,424,293
3,736.822
25,958,214
3,652.824
2,859,783,798
94.161,115
29,611.038
4,460.566
3,499,929
1,290,9.50
3,836,800
14,056,022
99,671,928
3,905,264
57,107.001
4.32.717
2,096,149
106,744
647,059
60,434
1.898.572
15,818
567,193
13.088,245
174,740.215
3,282.669
2.542.017
729.014,986
3,034,524,013
97,443,784
32,153,055
11 GEORGE V SESSIONAL PAPER No 8 A. 1921
STATEMENT
SHOWING|THE MOVEMENT OF SECURITIES DURING THE SIX
MONTHS ENDED
JUNE 30, 1920 (Pages xcviii to cxxix).
DECEMBER 31, 1920 (Pages cxxx to clix).
8— G* XCVll
XCVlll
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
Statement showing the Movrmrnt of Securities of Canadian I>ife and Assessment Companies
for the six months ended June 30, 1920.
BONDS AND DEBENTURES PURCHASED.
Company
Description of Security
Par value
Price paid
From or
through whom
purchased
Dominion of Canada bonds, 3§ p.c,
1930-50
S cts.
214,133 30
2,800,000 00
194,666 66
48,666 66
68,133 32
50,000 00
96,724 95
10,706 65
5,840 00
19,272 00
121,666 63
12,166 67
12,166 66
15,573 32
18,493 33
21,413 33
50,000 00
59,373 32
38,446 63
9,733 33
S CtjS.
142,888 14
2,800,000 00
188,096 66
41,409 08
46,610 96
49,630 00
66,494 64
8,764 46
4,684 25
9,612 88
97,467 11
8,584 80
8,078 67
11,560 06
14,067 86
18,115 68
48,325 00
46,660 71
28,392 96
7,674 73
2,137 38
Dom. Securities Corporation.
Dominion of Canada Victory Loan
bonds, 51 p.c, 1933
United Kingdom of Great Britain
and Ireland, 5 p.c, 1928
United Kingdom of Great Britain
and Ireland, 5 p.c, 1929-47
Govt, of Newfoundland, 3i p.c, 1947
Prov. of Ontario, 6 p.c, 1930
Dom. Securities Corporation.
Kerr, Flemming & Co.
Dom. Securities Corporation
•
Prov. of Quebec, 3 p.c, 1937
" 4 p.c, 1928
" 4 p.c, 1934
" " 6 p.c, 1955
:: ::
Prov. of British Columbia, 41 p.c,
1941
i< «
Prov. of Nova Scotia, 3^ p.c, 1942. .
3:^ p.c, 1954..
Prov. of Saskatchewan, 4 p.c, 1954..
Prov. of Alberta, ik p.c, 1943
Prov. of Manitoba, 4 p.c, 1928
Prov. of New Brunswick, 6 p.c, 1930
A. E. Ames & Co
Dom. Securities Corporation.
" " 4 p.c
" " 4J p.c
« «
Accumulation of book values to-
Dominion of Canada 5j p.c. Loan,
1924
3.867,176 76
3,649,256 03
Capital Life
50 00
50 00
5,000 00
24,333 33
24,333 33
49 50
48 50
* 5,056 00
18,675 58
16,790 00
349 64
Accepted for premium.
Dominion of Canada 5J p.c. Loan,
1934
Prov. of Saskatchewan, 6 p.c, 1938. .
Can. Northern Ry. Co., 4 p.c, 1934,
g'teod by Dom. of Canada
Can. Northern Pacific Rv. Co., 4
p.c, 1950, g'teed by B.C
Wood, Gundy & Co.
A. E. Ames «fe Co.
Accumulation of book value to-
wards par
Dominion of Canada Loan, Si p.c,
1934..
53,766 66
40,969 22
Commercial Life
7,000 00
1,017 00
100 00
100 00
100 00
98 75
1,000 00
98 96
On a|c subscription.
J. G. Clark.
Dominion of Canada Victory Loan
bonds, 5^ p.c, 1933
1,000 00
100 00
100 00
100 00
100 00
1,600 00
Dominion of Canada Victorj' Loan
bonds, 5i p.c, 1923
F. S. James.
Dominion of Canada Victory Loan
bonds, 5i p.c, 1922
Dominion of Canada Victorj' Loan
bonds, 55 p.c, 1922
Dominion of Canada Victory Loan
bonds, 5i p.c, 1927
Prov. of Alberta, 5 p.c. Sav. Certifi-
cates
Accumulation of book values to-
Ed. Manz.
N. J. Tate.
Prov. of Alberta.
Dom. of Canada Loan, 51 p.c, 1934..
Dom. of Canada Loan, 5? p.c, 1934..
Dom. of Canada, 3=1 p.c. Reg. stock,
1930/50 . . . ....
10,114 71
Confederation Life
885,000 00
1,051,500 00
73,000 00
43,800 00
58,400 00
14,600 00
46,232 70
48,666 66
45,191 85
21,081 34
56,000 00
885,000 00
999,955 00
46,683 49
33,726 00
49,586 72
11,205 49
34,191 54
36,865 00
35,966 46
19,400 15
50,000 00
Dom. Govt.
Wood, Gundy & Co.
C. H. Burgess & Co.
Dom. Securities Corporation.
Prov. of Ontario, 4 p.c, 1947
W. L. McKinnon & Co.
British War Loan, 5 p.c, 1929/47... .
Dom. Securities Corporation.
Kerr, Flemming & Co.
W. L. McKinnon & Co.
" " 4 p.c
Harris, Forbes & Co.
Dom. Securities Corporation.
4§p.c
" " 5 p.c
Harris, Forbes & Co.
" Sip.c
W. A. McKenzie & Co.
ABSTRACT OF STATEMENTS
xcix
SESSIONAL PAPER No. 8
Statement showing the Movement of Securities of Canadian Life and Assessment Companios
for the six months ended June 30, 1920. — Continued.
BONDS AND DEBENTURES PVRCB.ASED— Continued.
Company
Description of Security
Par value
Price paid
From or
through whom
purchased
Confederation Life-Con.
$ cts.
52,031 13
70,000 00
26,100 00
$ cts.
49,065 64
64,307 75
26,510 02
6,379 01
C. H. Burgess & Co.
Toronto Harbour Commission, 4i
p c , 1953 .
Harris Forbes & Co.
Rural Telephone 7? p.c. deljs
Accumulation of book values to-
W. L. ,McKinnon&Co.
Dom. of Canada Victory Loan,
5ip.c., 1922
2,491,603 68
2,348,842 27
Continental Life
100 00
100 00
50 00
50 00
50 00
100 00
45,501 78
100 00
50 00
50 00
24,333 33
8,759 99
50,000 00
29,750 00
25,000 00
102 03
99 00
50 65
50 00
51 24
102 50
45,501 78
99 35
48 00
48 88
20,540 50
6,629 51
44,515 00
22,606 83
20,425 00
424 83
H. Woods.
Dom. of Canada Victory Loan,
5J p.c, 1923
Dom. of Canada Victory Loan,
5J p c , 1923
G. Burditt.
Dom. of Canada Victory Loan,
5Jp.c., 1923
E. Johnson.
Dom. of Canada Victory Loan,
5? p.c, 1933
H. Woods
Dom. of Canada Loan, 5i p.c, 1924.
Dom. of Canada Loan, 5i p.c, 1934..
5i p.c, 1934..
54 p.c, 1934..
5i p.c, 1934..
Canadian Northern Ry. Co., 4 p.c,
1930, g'teed by Prov. of Manitoba.
J. Moss.
Dom. Govt.
G. S. Edgecombe.
H. Woods.
A. Leishman.
Hou.sser, Wood & Co.
United Financial Corp'n, Ltd.
W. A. McKenzie & Co.
School Di.strict Debs., 4i p.c
Toronto Harbour Commission 4| p.c.
1953
Brent, Noxon, & Co.
Wood, Gundy & Co.
.'Accumulation of book values to-.
Dom. of Canada Loan, 5i p.c, 1934.
Prov. of Alberta Debs., 4 p.c, 1922.
Prov. of British Columbia Debs., 5
p.c, 1939
183,995 10
161,295 10
80,000 00
18,006 67
30,000 00
30,000 00
2,190 00
14,600 00
72,900 00
34,020 00
15,573 31
24,300 33
48,666 66
24,333 33
73,000 00
48,666 66
34,066 20
9,733 33
16,060 00
21,513 53
42,879 99
14,000 00
22,386 66
26,279 64
2,433 33
37,473 32
25,000 00
10,000 00
27,000 00
6,000 00
80,000 00
16,787 08
26,895 00
30,000 00
1,564 10
13,602 82
40,201 92
19,428 82
8,825 67
13,122 00
29,686 66
19,911 96
55,677 10
38,918 73
25,982 97
7,764 37
10,771 44
16,550 53
32,411 38
• 11,626 00
17,119 08
20,045 84
1,965 01
30,027 37
23,817 50
8,390 00
27,000 00
6,000 00
Dom. Govt.
W. L. McKinnon & Co.
Wood, Gundy & Co.
Prov. of British Columbia Debs., 51
p.c, 1939
R. C. Matthews & Co.
Prov. of Saskatchewan Reg. Stock,
4ip.c., 1954
Dom. Securities Corporation.
Prov. of Saskatchewan Debs., 5| p.c.
1924/34
Canada Bond Corporation.
Grand Trunk Pacific Ry. Debs., 3
p.c, 1862
J. F. Stewart.
Grand Trunk Pacific Ry. Debs., 3
p.c, 1962
Wood, Gundy & Co.
Grand Trunk Pacific l^y. Debs., 3
p.c, 1962
Canada Bond Corporation.
Grand Trunk Pacific Ry. Debs., 3
p.c, 1962
Canadian Northern Ry. Co. Reg.
Stock, 3?ip.c., 1961
Bell, Gouinlock & Co.
Canada Bond Corporation.
Canadian Northern Ry., 4 p.c, 1930.
Canadian Northern Ry., 4 p.c, 1934.
Canadian Northern Ry. Reg. Stock,
4p.c., 1934
Wood, Gundy & Co.
Dom. Securities Corporation -
Canadian Northern Ry. Reg. stock,
4 p.c, 1934
A. E. Ames & Co..
Canadian Northern Ry. Reg. Stock,
4 p.c, 1934
C. H. Burgess & Co.
Canada Bond Corporation.
Dom. Securities Corporation.
Canada Bond Corporation.
Dom. Securities Corporation
Bell, Gouinlock & Co.
" " 4i D.C
A. E. Ames & Co.
Canada Bond Corporation.
Wood, Gundy & Co..
" . '.' 5ip.c
Harris. Forbes & Co.
Kerr, Flemming & Co.
7ip.c
Rural Telephone Debs., 7 p.c
Bell, Gouinlock &Co.
Kerr, Flemming & Co.
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
Statement showing the Movement of Securities of Canadian Life and Assessment Companies
for the six months ended June 30, 1920 — Continued.
BONDS AND DEBENTURES PURCHASED— Conhnuerf.
Company
Description of Security
Par value
Price paid
From or
through whom
purchased
Crown Life — Con.
Dominion Life.
Excelsior Life.
Great West Life.
Accumulation of book values to-
wards par
832 98
811,082 96
634,926 33
Dom. of Canada Loan, 5^ p.c, 1934..
5^ P.O., 1934..
" " 5J p.c, 1934 .
Canadian Northern Ry. Co., 4 p.c,
1934 (G'teed by Dom. of Canada)
Canadian Northern Pacific Ry. Co.,
4 p.c, 1950 (g'teed by Prov. of B.C)
Canadian Northern Pacific Ry. Co.,
4j p.c, 1950 (g'teed by Prov. of
B.C.).
Canadian Northern Pacific Ry. Co.,
4i p.c, 1950 (g'teed by Prov. of
B.C.)
Prov. of Manitoba bonds, 4 p.c, 1948
Prov. of Saskatchewan bonds, 4ip.c.,
1954
Municipal Debs., 4| p.c
" " 5 p.c
" " 5 p.c
6 p.c
St. John Dry Dock and Shipping Co
Ltd., 5i p.c, 1942
Accumulation of book values to-
wards par
Dom. of Canada Loan, 5i p.c, 1934.
5i p.c, 1934.
Prov. of Alberta bonds, 4 p.c, 1938.
Prov. of Manitoba bonds, 4 p.c, 1933
Prov. of Quebec bonds, 4 p.c, 1934. .
Prov. of Saskatchewan bonds, 5f p.c.
1924/34..
Imperial Japanese Govt, bonds,
p.c, 1921/31
Municipal Debs., 4 p.c
" " 4ip.c
" " 5 p.c
" " 5i p.c
" " Sj p.c
" " 6 p.c
" " 6 p.c
" " ajp.c
Rural Telephone Debs., 7| p.c
" " 7ip.c
Toronto, Grey & Bruce Ry. Debs
4p.c.,2883
Dom. of Canada Loan, 5j p.c, 1934.
Canadian Northern Ry., 4 p.c 1934,
(g'teed by Dom. of Canada)
Canadian Northern Ry., 4 p.c, 1934
(g'teed by Dom. of Canada)
Canadian Northern Ry., 4 p.c. 1934
(g'teed by Dom. of Canada)
Canadian Northern Ry., 4 p.c, 1930
(g'teed by Prov. of Manitoba)
Canadian Northern Ry., 4 p.c, 1930
(g'teed by Prov. of Manitoba)
Canadian Northern Ry., 4 p.c, 1930
(g'teed by Prov. of Manitoba)... .
Canadian Northern Ontario Ry., 3^
p.c, 1961 (g'teed by Dom. of Can.)
Canadian Northern Ontario Ry., 3j
p.c, 1961 (g'teed by Dom. of Can.)
Canadian Northern Ontario Ry., 3i
p.c, 1961 (g'teed by Dom. of Can.)
700,000 00
450 00
200,000 00
194,666 66
21,900 00
46,233 32
21,900 00
25,000 00
6,083 33
7,299 99
6,326 65
31,633 33
25,000 00
55,769 73
1,342,263 01
850,000 00
100,000 00
5,353 33
30,000 00
11,193 33
9,733 33
48,700 00
25,000 00
86,000 00
12,000 00
25,000 00
46,728 13
25,000 00
41,966 10
17,400 00
4,200 00
15,000 00
5,840 00
1,359,114 22
3,447,550 00
170,333 33
267,666 66
204,400 00
7,299 99
3,406 66
90,033 33
170,333 33
48,666 66
73,000 00
700,000 00
450 00
194,000 00
155,285 59
15,508 70
35,915 42
16,516 98
18,257 50
4,766 23
4,842 81
4,622
24,003 37
23,532 50
52,126 71
1,150 99
1,250,979 68
850,000 00
97,000 00
3,934 30
23,937 00
8,866 24
9,068 55
34,090 00
20,862 50
73,762
10,526 84
22,257 50
42,036 04
24,292 50
40,919 84
17,400 00
4,200 00
15,000 00
3,591 60
1,301,745 71
2,310,000 00
137,526 64
213,982 46
161,803 04
6,034 89
2,846 26
73,827 34
103,903 33
29,492 00
44,281 80
Dom. Govt.
Geo. F. Folsetter.
Wood, Gundy & Co.
Wood, Gundy & Co.
C. H. Burgess & Co.
Wood, Gundy & Co.
Waterloo County Loan and
Savings Co.
A. E. Ames & Co.
Dom. Securities Corporation.
W. A. MacKenzie & Co.
Dom. Govt.
United Financial Corporation.
Kerr, Flemming & Co.
Bell, Gouinlock & Co.
Kerr, Flemming & Co.
A. E. Ames & Co.
Kerr, Flemming & Co.
A. E. Ames & Co.
Canada Bond Corporation.
W. L. McKinnon & Co.
Kerr, Flemming & Co.
Dom. Govt, (balance of allot-
ment.)
^milius Jarvis & Co.
J. A. Thompson & Co.
Wood, Gundy & Co.
JEmilius Jarvis & Co.
Morrow & Jellett.
J. A. Thompson & Co.
J. A. Thompson & Co.
Canadian Bond Corporation.
i£milius Jarvis & Co.
ABSTRACT OF STATEMENTS
Cl
SESSIONAL PAPER No. 8
Statement showine; the Movem?nt of Sacurities of Canadian Life and Assessment Companies
for the six months ended June 30, 1920 — Continued.
BONDS AND DEBENTURES PURCHASED— Coniinuei.
Company
Description of Security
Par value
Price paid
From or
through whom
purchased
Great West Life — Con.
Imperial Life.
London Life.
Canadian Northern Pacific Ry., 4
p.c, 1950 (g'teed by Prov. of B.C.)
Canadian Northern Pacific Ry., 4
p.c, 1950 (g'teed by Prov. of B.C
Canadian Northern Pacific Ry., 44
p.c, 1950 (g'teed by Prov. of B.C.)
Canadian Northern Western Ry.
Co., 4ip.c., 1942
Canadian Northern Western Ry
Co., 4ip.c., 1943
Municipal Debs., 4 p.c
" " 4 p.c
" " 4 J- p.c
" " 44 p.c
" " 44 p.c
" " 5p.c
" " 5 p.c
" " 5j p.c. (partial ad
Vance)
" " 6 p.c.
" " 6 p.c.
School Districts Debs.,
Rural Telephone
Debs.
4 p.c.
44 p.c.
5 p.c.
54 p.c.
6 p.c,
6i p.c.
64 p.c.
64 p.c.
7 p.c.
7 p.c.
71 p.c.
Dom. of Canada Reg. Stock, 34 p.c,
1930/50
Dom. of Canada Treasury Bonds,
44 p.c, 1925
Dom. of Canada Loan, 54 p.c, 1934..
Dom. of Canada Loan, 54 p.c, 1934..
Prov. of New Brunswick, 6 p.c, 1930
Prov. of Quebec, 4 p.c, 1928
Govt, of Jamaica Inscribed Stock,
4 p.c, 1934
Canadian Northern Ry. Co. Deb.
stock, 34 p.c, 1961 (g'teed by Dom.
of Canada)
Toronto Harbour Commissioners'
bonds, 44 p.c, 1953
Municipal Debs., 34 p.c
" " 3|p.c
" " 44 p.c
" " 54 p.c
" " 54 p.c
" " 6 p.c
" " 6 p.c
Accumulation of book values to-
wards par
48,695 86
24,333 30
21,899 99
29,199 99
2,433
22,000 00
25,000 00
2,919 99
50,000 00
23,360 00
28,562 46
51,172 20
103,000 00
32,000 00
50.000 00
35,000 00
66,250 00
45,166
1,800 00
15,000 00
27,500 00
6,600 00
30,000 00
24,000 00
45,000 00
16,000 00
$ cts
34,217 26
16,790 00
16,348 34
23,230 53
1,907 49
18,146 70
21j672 50
2,203 80
41,470 00
17,870 40
22,510 46
46,302 63
30,000 00
290 50
000 00
000 00
098 29
702 32
630 00
867 55
340 00
489 00
684 00
970 80
831 50
516 00
5,309,583 77
3,751,793 83
73,000 00
22,873 33
500,000 00
925,000 00
50,000 00
24,333 33
30,173 33
87,600 00
.50,000 00
36,500 00
23,500 00
68,297 70
10,270 65
25,000 00
8,205 00
200,000 00
49,300 68
21,292 77
496,376 70
940,309 66
49,049 32
21,781 93
24,722 23
49,323 12
41,639
30,408
18,873,
05,922
10,192
24,185
8,218
199,491
Morrow & Jellett.
Royal Securities Corporation.
Wood, Gundy & Co.
Morrow & Jellett.
Morrow & Jellett.
.J A. Thompson & Co.
Kerr, Flemming & Co.
iEmilius Jarvis & Co.
J. A. Thompson & Co.
Carruthers, Martin & Torrance
.^■jmilius Jarvis & Co.
W. L. McKinnon&Co.
Hameson, McTavish & Free-
man.
W. Ross Alger & Co.
R. M. of Swan River.
J. A. Thompson & Co.
Harris, Read & Co.
J. A. Thompson & Co.
Canadian Mtge. Association.
W. Ross, Alger & Co.
/Local Govt. Board.
\ Regina.
Harris, Read & Co.
Bond & Deb. Corporation.
W. L. McK:innon&Co.
Harris, Read & Co.
Dom. Securities Corporation.
Dom. Govt.
A. E. Ames & Co.
Dom. Securities Corporation.
C. H. Burgess & Co.
Securities Corporation.
Dom.
A. E.
Dom
C. H
W. A
W. L.
Dom
Ames & Co.
Securities Corporation.
Burgess & Co.
Mackenzie & Co.
McKinnon & Co.
Securities Corporation.
7,506 43
2,134,753 34
2,058,593 03
Dom. of Canada Loan, 54 p.c, 1934.
Prov. of New Brunswck, 54 p.c, 1929
Prov. of Alberta bonds, 54 p.c, 1929.
Newfoundland Govt., 4 p.c, 1930...
Canadian Northern Ry. Co. Deb.
Stock, 4 p.c, 1934 (g'teed by
Dom. of Canada)
Canadian Northern Ry. Co. (Ont.
Division), 4 p.c, 1930 (g'teed by
Prov. of Man.)
Canadian Northern Rv. Co. IstM'ge
Deb. Stock, 4 p.c, 1930 (g'teed by
Prov. of Man.)
900,000 00
100,000 00
50,000 00
35,000 00
146,000 00
48,366 67
3,406 67
100,000 00
97,378 20
48,595 00
28,415 45
114,999 09
39,512 46
2,655 49
Dom. Govt, (partial pa.vment)
R. A. Daly & Co.
Wood, Gundy & Co.
A. E. Ames & Co.
Dom. fi'.tcutities Corporation
and Wnod, G mdy & Co.
Wood, Gundy & Co.
Dom. Securities Corporation
cu
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
Statement showing the Movement of Securities of Canadian Life and Assessment Companies
for the six months ended June 30, 1920 — Continued.
BONDS AND DEBENTURES PURCHASED— Continued.
Company
Description ot Security
Par value
Price paid
From or
through whom
purchased
London Life— Con
Canadian Northern Ontario Ry. Co.
1st Mtge., 3^ p.c. 1961 (g'teed by
$ cts.
176,173 33
146,000 00
53,397 07
778 67
229,220 00
34,066 67
25,000 00
34,066 67
11,000 00
21,413 33
15,573 33
11,000 00
47,693 33
40,440 00
20,000 00
243,204 24
90,000 00
33,000 00
108,085 46
57,293 25
10,474 34
13,451 19
25,000 00
$ cts.
109,145 72
95,999 75
38,481 90
555 73
169,757 82
24,755 25
17,749 50
24,299 12
9,118 34
15,990 89
10,840 59
9,803 20
37,435 94
33,449 18
16,154 00
219,257 51
84,900 50
30,378 05
101,066 74
55,038 19
9,483 71
12,932 28
19,730 00
557 43
A. E. Ames & Co.
Canadian Northern Pacific Ry. Co.
1st Mtge. Deb. Stock, 4 p.c, 1950
(g'teed by Prov. of B.C.)
Canadian Northern Western Ry. Co.
1st Mtge. Deb. Stock, H p.c, 1942
(g'teed by Prov. of Alberta)
Canadian Northern Western Ry. Co.
1st Mtge, Deb. Stock— Brazeau
Line, 4^ p.c, 1943 (g'teed by Prov.
of Alberta)
A. E. Ames & Co. and Dom.
Securities Corporation.
Dom. Securities Corporation.
Pacific Great Eastern Ry. Co. 1st
Mtge. Deb. Stock, 4| p.c, 1942
(g'teed by Prov. ot B.C.)
Canadian Northern Pacific Ry. Co.
1st Mtge. Terminal Deb. Stock,
4i p.c. (g'teed by Prov. of B.C.). .
A. E. Ames & Co.
" " 4Jp.c
C. H. Burgess and A. E. Ames
&Co.
W. L. McKinnon & Co.
" " 4j p.c
" " 41 p.c
Dom. Securities Corporation.
A. E. Ames & Co.
Wood, Gundy & Co.
A. E. Ames & Co.
Kerr, Fleming & Co.
Wood, Gundv & Co.
" " 5ip.c
W. A. Mackenzie & Co.
W. L. McKinnon & Co.
Wood, Gundy & Co.
" " 6 p.c
A. E. Ames & Co.
" " 6 p.c
" " 6 p.c
C. H. Burgess & Co.
School Districts Debs., 4 p.c
Accumulation of book values to-
Canada Bond Corporation.
Dominion of Canada, 5h p.c. Loan,
1934
2,729,104 22
1,578,417 03
Manufacturers Life
550,000 00
50,000 00
330,933 33
19,480 00
16,800 00
550,000 00
50,000 00
282,745 66
15,048 28
17,613 19
7,497 04
Dom. Govt.
Dominion of Canada 5j p.c. Loan,
1934
Kerr, Flemming & Co,
British Govt. War Loan, 5 p.c, 1929/
1947 .
Imperial Japanese Govt., 4 p.c, 1921/
1931
„
Rural Telephone Co. Debs., 7 p.c. .
Accumulation of book values to-
Dominion of Canada 5j p.c. Loan
bonds, 1934
967,213 33
922,904 17
100,000 00
1,300 00
45,897 52
23,603 32
8,054 33
24,333 33
14,600 00
9,919 98
29,200 00
1,460 00
973 33
70,000 00
1,270 25
35,306 25
15,033 11
5,940 01
17,293 70
10,894 52
7,854 72
23,202 32
1,153 40
788 68
Balance of subscription.
Dominion of Canada 5| p.c. bonds. . .
Canadian Northern Rv. Co., 4 p.c.
Deb. Stock, 1934 (g'teed by Dom.
Policyholders.
Allan, Killam & McKay.
Canadian Northern Pacific Ry. 1st
Mtge. Deb. Stock, 4 p.c, 1950
(g'teed by Prov. of B.C.)
Canadian Northern Western Ry. 1st
Mtge. Deb. Stock, ii p.c, 1942
(g'teed by Prov. of Alberta)
Canadian Northern Pacific Ry. 1st
Mtge, Terminal Deb. stock, 4jp.c
19.50 (g'teed by Prov. ot B.C.) .. .
Pacific Great Eastern Ry. Ist Mtge.
Deb. Stock, 44 p.c, 1942 (g'teed
by Prov. of B.C.)
Municipal Debs., 4^ p.c
T. R. BiUett & Co.
Wood, Gundy & Co.
A. Jarvis & Co.
Wood, Gundy & Co.
4ip.c
" " 5 p.c
.\llan, Killam & McKay.
A. Jarvis & Co.
ABSTRACT OF STATEMENTS
cm
SESSIONAL PAPER No. 8
Statement showing the Movement of Securities of Canadian Life and Assessment Companies
for the six months ending June 30, 1920. — Continued.
BONDS AND DEBENTURES PURCHASED— Continued.
Company
Description of Security
Par value
Price paid
From or
through whom
purchased
Monarch Life — Con.
Mutual Life.
Municipal Debs., 6 p.c
" " 7 p.c
" " 7 p.c
8 p.c
School Districts Debs., 4j p.c
" " 6i?.c
" " 7 p.c
" " 8 p.c
Rural Telephone Co. Debs., 7 p.c.
" " 7j p.c
" " 7| p.c,
" " 8 p.c.
" 8 p.c.
Instalment returned unpaid
Dominion of Canada 65- p.c. Loan
bonds, 1934
Prov. of Alberta, 4j p.c. Reg. stock,
1943
Prov. of Manitoba, 4 p.c. Reg. stock,
1950
Prov. of Manitoba, 4 p.c. Reg. stock,
1950
Prov. of Manitoba 4 p.c. Reg. stock,
1950
Prov. of New Brunswick, 4 p.c. stock,
1949
Prov. of Ontario 4 p.c. stock, 1947. . .
Prov. of Quebec 4 p.c. bonds, 1934 .
Prov. of Quebec 3 p.c. Ins. Stock, 1937
Prov. of Saskatchewan, 5j p.c. bonds
1924/34
Prov. of Saskatchewan 4i p.c. Reg.
Stock, 1954
Prov. of Saskatchewan, 4J p.c. Reg.
Stock, 1954
Prov. of Saskatchewan 4j p.c. Reg.
Stock, 1954
Prov. of Saskatchewan, 4 p.c Reg.
Stock, 1951
Canadian Northern Ry. 1st Mtge.
Deb. stock, 3i p.c, 1958 (g'teed
by Dom. of Canada)
Canadian Northern Ry. 1st Mtge.
Deo. Stock, 3J p.c, 1958 (g'teed
by Dom. of Canada)
Canadian Northern Ry. 1st Mtge.
Cons. Deb., 4 p.c, 1930 (g'teed by
Man.)
Canadian Northern Ry. 1st Mtge.
Cons. Deb., 4 p.c, 1930 (g'teed by
Man.)
Canadian Northern Ry. Deb. Stock,
4 p.c, 1934 or earlier (g'teed by
Dom. of Canada)
Canadian Northern Ry. Deb. Stock,
4 p.c, 1934 or earlier (g'teed by
Dom. of Canada)
Canadian Northern Alberta Ry. 1st
Mtge. Reg. Deb. stock, 3/ p.c,
1960 (g'teed by Dom. of Canada).
Canadian Northern Alberta Ry. 1st
Mtge. Reg. Stock, 3^ p.c, 1960
(g'teed by Dom. of Canada)
Canadian Northern Ontario Ry. 1st
Mtge. Deb. Stock, 3^ p.c, 1961
(g'teed by Dom. of Canada)
Canadian Northern Ontario Ry. 1st
Mtge. Deb. Stock, 3^ p.c, 1961
(g'teed by Dom. of Canada)
Canadian Northern Ontario Ry. 1st
Mtge. Deb. Stock, 3^ p.c, 1961
(g'teed by Dom. of Canada)
$ cts
6,000 00
4,500 00
2,000 00
2,000 00
10,500 00
4,500 00
4,000 00
16,500 00
34,834 79
20,218 42
10,000 00
17,217 07
1,846 79
5,653
4,476
1,968
2,020
7,899
4,249
3,821
17,132
35,560
21,051
10,237
18,424
1,925
435
393,458 88
323.592 94
2,000,000 00
53,533 33
4,866 66
3,406 66
9,733 33
53,533 33
4,866 66
4,866 66
11,680 00
9,733 33
2,433 33
53,533 33
6,326 67
4,866 66
58,400 00
13,626 49
4,866 66
77,866 65
170,332 32
224,353 32
43,800 00
46,232 70
24,333 33
24,333 33
24,333 33
1,986,260 30
36,669 82
3,574 53
2.502 25
7,207 63
35,740 99
3,155 95
3,736 78
6,657 03
9,550 59
1,919 10
42,273 99
5,006 32
3,502 72
36,640 20
7,840 58
4,048 42
64,251 61
131,831 66
180,067 31
27,365 80
28,740 34
14,652 91
14,975 02
15,246 76
W. L. McKinnon & Co.
Harris, Read & Co.
W. L. McKinnon & Co.
Harris, Read & Co.
Wood, Gundy & Co.
T. K. McCallum (fe Co.
Nay & James.
W. L.lilcKinnon&Co.
Harris, Read & Co.
W. L. McKmnon&Co.
Harris, Read & Co.
A. E. Ames & Co., Wood,
Gundy & Co. and Brent,
Noxon & Co.
W. L. McKinnon & Co.
Wood, Gundy & Co.
C. H. Burgess & Co.
A. E. Ames & Co.
W. L. McKinnon & Co.
A. E. Ames & Co.
W. L. McKinnon & Co.
Morrow & Jellett
Dom. Securities Corporation.
Canada Bond Corporation.
Dom. Securities Corporation.
A. E. Ames & Co.
Morgan, Dean Harris.
Wood, Gundy & Co.
A.. E. Ames & Co.
Wood, Gundy & Co.
Dom. Securities Corporation.
A. E. Ames & Co.
Wood, Gundy & Co.
Canada Bond Corporatioo.
Morgan, Dean Harris.
CIV
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
Statement showing tho Movement of Securities of Canadian Life and Assessment Companies
for the six months ended June 30, 1920. — Continued.
BONDS AND DEBENTURES PURCHASED— ConHnuerf.
Company
Mutual Life — Con.
National Life.
Description of Security
Canadian Northern Ontario Ry. Ist
Mtge. Deb. Stock, 3i p.c, 1961
(g'teed by Dom. of Canada)
Canadian Xorthem Ontario Ry. 1st
Mtge. Deb .Stock, 3^ p.c, 1961
(g'teed by Dom. of Can.)
Canadian Northern Pacific Ry. 1st
Mtge. Deb. Stock, 4 p.c, 1950
(g'teed by Prov. of B.C.)
Canadian Northern Western Ry. 1st
Mtge. Deb. Stock, 4i p.c, 1942
(g'teed by Prov. of Alberta)..,
Canadian Northern Western Ry. 1st
Mtge. Deb. Stock — Brazeau Line,
41 p.c, 1943 (g'teed by Prov. of
Alberta)
Grand Trunk Pacific Ry. 1st Mtge.,
3 p.c, 1962 (g'teed by Dom. of
Canada)
Grand Trunk Pacific Rv. 1st Mtge.,
3 p.c, 1962 (g't«ed by Dom. of
Canada)
Toronto Harbour Commissioners,
4ip.c., 1953
Municipal Debs., 3| p.c
" 4 p.c
" " 4 p.c
" " 4 p.c,
" " 4 p.c
" " 4 p.c
" " 4 p.c
" " 4 p.c
" " 4 p.c
" " 4 p.c
" " 4 p.c
" " 4i p.c
" " 4i p.c
" " 4f p.c
" " 4|p.c
" 4J p.c
" " 4|p.c
' " 5 p.c
" " 5 p.c
" " 5 p.c
" " 5 p.c
" " 5 p.c
" " 5i p.c
" " 6 p.c
" " 6 p.c
School Districts Debs., 4| p.c
" " 5 p.c
Rural Telephone Cos. Debs., 6j p.c.
" " 6 J p.c.
" " 7 p.c...
" " 7 p.c...
" " 7 p.c...
" " 7 p.c. . .
74 p.c.
" " 8 p.c...
" " 8 p.c...
Accumulation of book values to-
wards par
Par Value
Dominion of Canada Victory Loan
. bonds, 5 p.c, 1925
Prov. of Alberta 5J p.c. 1929
Prov. of New Brunswick bonds, 5|
p.c, 1929
Prov. of Quebec bonds, 4 p.c, 1928.
Prov. of Quebec bonds, 4 p.c, 19.34. .
Prov. of Quebec bonds, 5 p.c, 1936 .
Prov. of Saskatchewan 4i p.c. bonds,
1954
Prov. of Saskatchewan.bonds 4J p.c,
1954
{ cts.
103,659 31
42,826 66
38,933 30
9,733 33
7,300 00
189,054 00
48,600 00
250,000 00
46,000 00
31.386 51
19,466 66
14,113 33
35,000 00
75,919
14,600 00
973 33
24,333 33
5,000 00
2,920 00
2. COO 00
5,840 00
131,116
25,306 66
75,164 26
169,289 36
1,703 33
69,066 66
4,866 66
10,000 00
10,000 00
300,000 00
45,025 55
17,000 00
58,750 00
10,000 00
10,282 49
2,600 00
198,351 63
22,300 00
23,400 00
17,600 00
15,000 00
34,163 79
8,800 00
5,163,305 17
Price Paid
$ cts
64,462 83
26,974 39
29,412 19
7,839 23
5,810 64
109,159 26
28,092 47
205,
37,
23,
14,
10,
.26,
56,
10,
17,
3,
2
\',
4,
100,
20,
61,
137,
1,
61,
4,
283
43
17
56
8
10
2
207
23
24
IS
15
35
From or
through whom
purchased
Brent, Noxon <fe Co.
Dom. Securities Corporation.
A. E. Ames & Co.
W'ood, Gundy & Co.
2,562 75
4,524,652 32
300 00
9,000 00
10,000 00
14,600 00
4,380 00
1,000 00
4,866 66
4,866 66
C. H. Burgess & Co.
Wood, Gundy & Co.
C. H. Burgess & Co.
Hanson Bros.
Dom. Securities Corporation.
W. F. Mahon & Co.
Wood, Gundy & Co.
Bankers' Bond Co.
United Financial Corporation.
A. E. Ames & Co.
Brent, Noxon & Co.
Graham, Samson & Co.
Dom. Securities Corporation.
C. H. Burgess & Co.
A. E. Ames & Co.
Hanson Bros.
Dom. Securities Corporation.
Wood, Gundy & Co.
C. H. Burgess & Co.
A. E.Ames & Co.
Dom. Securities Corporation
W. F. Mahon & Co.
Wood, Gundy & Co.
Harris, Forbes & Co.
C. H. Burgess & Co.
W. A. Dyment & Co.
Kerr, Flemming & Co.
Wood, Gundv, & Co.
W. L. McKinnon & Co.
Kerr, Fleming & Co.
Wood, Gundy & Co.
Graham, Samson & Co.
W. L. McKimnon & Co.
Kerr, Flemming & Co.
300 00 W. S. Co>-ne.
8,747 11 R. C. Matthews & Co.
9.812 00 W. A. Mackenzie & Co.
12,765 90Ia. E. Ames & Co
3,558 3ltDom. Securities Corporation.
920 80
3,755 60 Canada Bond Corporatioo.
3.813 03 Dom. Securities Corporation.
ABSTRACT OF STATEMENTS
cv
SESSIONAL PAPER No. 8
Statement showing the Movement of Securities of Canadian Life and Assessment Companies
for the six months ended June 30, 1920 — Continued.
BONDS AND DEBENTURES PURCHASED— Continued.
Company
Description of Security
Par Value
Price paid
From or
through whom
purchased
National Life — Con
Bermuda Govt. 5 p.c. Reg. stock,
1950
Canadian Northern Ry. 1st Mtge.
Deb. Stock, 3^ p.c, 1958 (g'teed
$ cts.
3,360 00
2,433 33
4,866 66
5,839 99
1,946 66
14,600 00
9,720 00
17,010 00
10,000 00
8,000 00
5,000 00
11,363 66
7,000 00
3,075 73
4,380 00
10,000 00
49,866 66
4,866 66
5,000 00
6,678 29
7,000 00
6,000 00
3,824 10
18,866 66
16,546 57
47,033 33
3,893 33
4,866 67
5,000 00
5,234 18
3,406 66
5,661 48
32,243 22
4,140 54
6,928 43
10,000 00
8,393 29
8,500 00
6,179 94
18,288 06
9,075 31
15,000 00
5,000 00
3,816 75
4,000 00
1,013 55
5,000 00
4,266 64
3,000 00
S cts.
3,360 00
1,562 68
3,932 71
4,646 88
1,226 40
8,032 90
5,610 38
9,627 66
7,800 00
6,513 92
3,460 00
5,681 83
5,651 10
2,525 79
3,263 67
8,568 00
39,638 54
3,303 01
3,465 50
5,365 77
6,041 80
5,040 00
3,356 06
15,782 31
12,673 89
38,997 92
\ 6,561 23
4,338 00
4,756 14
2,669 56
4.956 69
29,590 58
3,791 87
6,240 05
9,604 00
8,139 43
8.172 47
5,830 34
16,995 45
8,491 84
15,000 00
4,715 00
3,928 47
3,906 92
985 78
4,052 50
3,535 06
2,576 70
H. G. Butterfield, Bermuda.
Canadian Northern Ry. Deb. stock,
4 p.c, 1934 (g'teed by Dom. of
Wood, Gundy & Co.
Canadian Northern Rv. Deb. stock,
4 p.c, 1934 (g'teed by Dom. of
Canada Northern Alberta Ry. 1st
Mtge. Deb. Stock, 3i p.c, 1960
(g'teed by Dom. of Canada)
Canadian Northern Ontario Ry. 1st
Mtge. Deb. stock, 3'^ p.c, 1961
(g'teed by Dom. of Canada)
Grand Trunk Pacific Ry. 1st Mtge.,
3 p.c. 1962 (g'teed by Dom. of
C.H. Burgess & Co.
J F Stewart & Co.
Grand Trunk Pacific Ry. 1st Mtge.,
3 p.c, 1962 (g'teed by Dom. oi
Dyment, Anderson & Co.
Edw. Cronyn & Co.
C H Burgess & Co.
Sao Paulo Tramway, Light & Power
Co., Ltd. 1st Mtge., 5 p.c, 1929. . .
Toronto Harbour Commissioners, 1st
Mtge., 4i p.c. 1953 (g'teed by City,
Hydro Electric Power Commission
of Ontario bonds, 4 p.c, 1957 (g'teed
R C Matthews & Co.
" " 3i p.c
United Financial Corporation
C H Burgess & Co.
A E. Ames & Co.
Bell Gouinlock & Co.
United Financial Corporation.
Wood Gundy & Co.
C H Burgess & Co.
" " 4ip.c
Dom. Securities Corporation.
United Financial Corporation.
C H. Burgess & Co.
Wood, Gundy & Co.
Canada Bond Corporation.
United Financial Corporation.
« " 5^ p.c
C. H. Burgess & Co.
" " 5ip.c
Wood, Gundy & Co.
" " Sip.c
W. A. Mackenzie & Co.
A. E. Ames & Co.
W. L McKinnon & Co.
" " 5i p.c
Bell, Gouinlock & Co.
" " 6 p.c
" " 6 p.c
Brent, Noxon & Co.
C. H. Burgess & Co.
" " 6 p.c
Dom. Securities Corporation.
City of Montreal Protestant School
Comm., 4^ p.c. bonds, 1944
School Districts Debs. ,4^ p.c
6p.c
United Financial Corporation
C. H. Burgess & Co.
Bell, Gouinlock & Co.
506,199 67
417,639 55
CVl
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
Statement showing the Movement of Securities of Canadian Life and Assessment Companies
for the six months ended June 30, 1920. — Continued.
BONDS AND DEBENTURES PURCHASED— ConHnued.
Company
Description of Security
Par Value
Price Paid
From or
through whom
purchased
North American Life. .
Dominion of Canada Loan, 5| p.c,
1934
$ eta.
525,000 00
250,000 00
11,664 00
60,000 00
100,000 00
10,000 00
90,000 00
3,406 66
25,000 00
25,000 00
$ cts.
525,000 00
242,500 00
8,969 61
49,620 00
95,674 80
8,890 00
61,785 00
2,718 26
22,957 50
24,120 00
On a/c subscription
Turner, Spragge & Co.
Macneill, Graham & Co.
Wood, Gundy & Ck).
J. F M Stewart & Co
Dominion of Canada Loan, 5 J p.c,
1934
Grand Trunk Pacific, 4 p.c, 1939
(g'teed by Prov. of Alberta)
Toronto Harbour Commissioners, il
p.c, 1953 (g'teed by City of To-
West Coast Towing & Salvage Co.,
6 p.c, 1920/24
Toronto Housing Comm., 5 p.c. ,1952
(g'teed by City of Toronto)
Hydro Electric Power Comm., 4 p.c.
1937 (g'teed by Prov. of Ontario)..
Macneill, Graham & Co.
R. C. Matthews & Co.
Canada Bond Corporation.
Toronto Separate School Debs., 5?
p.c, 1940
Dominion of Canada Victory Loan
Bonds, Sip.c, 1922
1,100,070 66
1,042,235 17
Northern Life
550 00
700 00
550 00
1,100 00
50 00
1,900 00
1,000,000 00
14,600 00
9,733 33
14,600 00
14,600 00
2,433 33
17,033 33
49,153 33
14,600 00
7,389 33
59,373 34
20,440 00
36,500 00
9,733 33
8,300 00
16,060 00
9,733 33
7,300 00
35,526 66
38,933 33
547 50
696 35
541 25
1,088 75
50 00
1,831 50
20,000 00
9,463 72
6,932 08
10,862 39
10,862 40
1,840 72
12,880 60
Policyholders.
Dominion of Canada Victory Loan
bonds, 5j p c , 1923
Dominion of Canada Victory Loan
bonds, 5^ p.c, 1927
„
Dominion of Canada Victory Loan
bonds, 5j p.c , 1933
„
Dominion of Canada Loan bonds, 5j
p.c, 1924
„
Dominion of Canada Loan bonds, 5j
p.c, 1934
„
Dominion of Canada Loan bonds, 5?
p.c, 1934
Wood, Gundy & Co. (partial
payment).
Dom. Securities Corporation.
A. E. Ames & Ck.
Dom. Securities Corporation.
Wood, Gundy, & Co.
Canadian Northern Pacific Ry. 1st
Mtge. Deb. Stock, 4 p.c, 1950
(g'teed by Prov. of B C.)
Canadian Northern Pacific Ry. 1st
Mtge, Terminal Deb. Stock, 4i
p.c, 1950 (g'teed by Prov. of B.C.)
Canadian Northern Western Ry. 1st
Mtge. Deb. Stock, 4^ p.c, 1942
(g'teed by Prov. of Alberta)
Canadian Northern Western Ry. 1st
Mtge. Deb. Stock, 4^ p.c, 1942
(g'teed by Prov. of Alberta)
Grand Trunk Pacific Ry. 1st Mtge.,
4 p.c, 1942 (g'teed by Prov. of
Alberta)
Grand Trunk Pacific Ry. 1st Mtge.,
4 p.c. 1942 (g'teed by Prov. of
Alberta) '
Aforrnw A- .Tellett.
25,559 73 United Financial Corporation.
7,427 74' \. E. Ames & Co.
" " 3 p.c
" 4i p.c
41,820 07 C. H. Burgess & Co.
13,520 33 Macneill, Graham & Co.
25,490 74 1 Canada Bond Corporation.
,
" 4^ p.c
7,397 33iBell, Gouinlock & Co.
6,845 11 iDom. Securities Corporation.
12, 612 93 C. H. Burgess & Co.
7,757 46 \rorrr.w cfe .Tellet.t..
" " 5 p.c.
" " 5 D.C
5,238 48
27,076 47
29,987 11
1,102 40
" " 5 p.c
Accumulation of book values to-
A. E. Amea & Co.
294.800 31
«.
ABSTRACT OF STATEMENTS
evil
SESSIONAL PAPER No. 8
Statement showing the Movement of Securities of Canadian Life and Assessment Companies
for the six months ended June 30, 1920 — Continued.
BONDS AND DEBENTURES PURCHASED— Continued.-
Company
Description of Security
Par Value
Price Paid
From or
through whom
purchased
Saskatchewan Life.
La SauvegardelLife .
Security Life.
Sovereign Life.
Sun Life.
Dominion of Canada 51 p.c. War
Loan bonds, 1922
Dominion of Canada 5| p.c. War
Loan bonds, 1923
Dominion of Canada 5^ p.c. War
Loan bonds, 1933
Municipal Debs., 5 p.c
" " 7i p.c
" " 8 p.c
School Districts Debs., ii p.c
" " 4ip.c
" " 8 p.c
Accumulation of book values to-
wards par
Dominion of Canada 5j p.c. Loan
Municipal Debs., 4^ p.c
Montreal Water and Power, 41 p.c,
bonds, 1932
Montreal Water and Power, 44 p.c,
bonds, 1932
Montreal Tramway, 5 p.c, 1941
5 p.c, 1941
Dominion Iron & Steel, 5 p.c, 1939.,
Dominion of Canada, 5| p.c. Loan,
1934
Dominion of Canada 5j p.c. Loan,
1934
Dominion of Canada 5J p.c. Loan,
1934
Dominion of Canada Si p.c. Loan,
1934
Grand Trunk Pacific Ry. Co., 3 p.c,
1962
Municipal Debs., 41 p.c
" " 5 p.c
" " 5} p.c
" " 6 p.c
City of Montreal Protestant School
Comms., 4J p.c, 1944
City of Quebec Catholic School
Comms., 5 p.c, 1954 (g'teed by
City of Quebec)
Dominion of Canada SJ p.c. War
bonds, 1922
Dominion of Canada 5§ p.c. War
Loan bonds, 1933
Dominion of Canada 5j p.c Loan,
1934
Alberta and Great Waterways Ry
Co. Deb. bonds, 5 p.c, 1959 (g'teed
by Prov. of Alberta)
Pacific Great Eastern Ry. 1st Mtge
Deb. stock, 4i p.c .,1942 (g'teed by
Prov. of B.C.)
Municipal Debs. , 4 p.c
" " 4i p.c
School District Debs., 4^ p.c
Rural Telephone Co. Debs., 7 J p.c. —
" " Tip.c.
8 p.c...
Accumulation of book values to
wards par
Dominion of Canada Loan, SJ p.c,
1934
Dominion of Canada (C.P.R. Land
Grant), 3i p.c, 1938
Prov. of Ontario, 3| pc, 1946
$ cts.
100 00
50 00
100 00
3,893 32
1,200 00
500 00
7,000 00
7,750 00
3,500 00
24,093 32
48,666 66
132,860 00
9,733 33
15,000 00
10,000 00
9,733 31
200 00
50 00
1,000 00
9,720 00
12,166 67
5,000 00
3,000 00
1,970 81
2,000 00
2,000 00
37,107 48
50 00
50 00
4,000 00
10,000 00
29,686 67
4,866 67
2,920 00
10,000 00
8,639 74
29,008 66
12,778 58
112,000 31
6,300,000 00
9,240 00
10,780 00
$ cts.
99 50
50 00
100 00
2,977 31
1,200 00
510 45
6,540 75
6,675 68
3,567 41
167 45
21,888 55
500 00
420 00
105,490 84
154 00
300 00
100 00
154 00
Policyholders.
Nay & James.
Direct.
Harris, Read & Co.
Nay & James.
T. K. McCallum & Co.
On acct. subscription.
H. B. Robinson.
Ban que Provinciate .
H. B. Robinson.
Atlas Bond Security.
C. C. Smith & Co.
197,118 84
195 40
50 00
1,000 00
17,794 44
5,624 96
9,549 96
4,656 00
2,844 00
1,970 81
1,646 23
1,736 33
J. O. McCarthy.
K. C. O. Johnson.
E. Wilson.
Balance of subscription.
W. A. McKenzie & Co.
Macneill, Graham & Co.
Housser, Wood & Co.
United Financial Corporation .
47,068 13
50 00
50 00
4,000 00
7,600 00
21,374 40
3,564 83
2,102 40
7,333 20
8,951 89
29,837 86
13,673 58
571 67
99,109 83
2,318,779 11
6,924 59
7,863 31
Policyholder.
R. G. Macdonald.
Edw. Brown & Co.
Allan, Killam & McKa:
Strang & Snow den.
W . L. McKinnon & Co
On acct. subscription
Buckmaster & Moore.
CVIU
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
Statement showing the Movfrnf-nt of Securities of Canadian Life and Assessment Companies
for the six months ending June 30, 1920.
BONDS AND DEBENTURES PURCHASED.— Continued
From or
Company
Description of Security
Par Value
Price Paid
through whom
purchased
$ cts.
$ cts.
SuD Life — Con
Prov. of Quebec, 3 p.c, 1937
6,600 GO
4,660 43
Buckmaster & Moore.
" 4i p.c, 1954
4,400 00
3,648 21
Govt, of Newfoundland, 3^ p.c, 1941
28,160 00
19,802 80
« «
Govt, of India, 5 p.c, 1945/55
49,000 00
45,629 29
Mant and Critchley.
Imperial Japanese Govt., 4 p.c.
1921/2:
97,333 34
68,203 81
Buckmaster & Moore.
Municipal Debs., 4 p.c. (g'teed by
Man.)
115,000 00
97,424 00
Dom. Securities Corporation,
Municipal Debs., 5 p.c. (g'teed by
Man.)
25,000 00
21,097 50
« X
Municipal Debs., 3 p.c
73,000 00
44,000 00
23,000 00
35,770 00
36,116 10
17,940 00
it K
" " 3jp.c
W. J. O'Hara & Co.
" " 4 p.c
Dom. Securities Corporation.
W. J. O'Hara & Co. and
" " 4 p.c
8,857 33
5,703 04
Buckmaster& Moore.
" " 4 p.c
111,302 12
73,662 45
W. J. O'Hara & Co.
" " 4^ p.c
55,986 13
36,674 19
W. J. O'Hara & Co., and Buck-
master & Moore.
" " 4^ p.c
8,800 00
219,179 96
6,681 18
181,465 61
W. J. O'Hara & Co.
" " a n.c
Dom. Securities Corporation.
5 p.c
73,000 00
64,307 20
** " 5 p.c
8,000 00
25,000 00
6,930 40
22,037 50
Wood, Gundy & Co.
" " 5 p.c
A. E. Ames & Co.
Abitibi Power & Paper Co., 6 p.c,
1940
300,000 00
274,430 00
Royal Securities Corporation.
Asbestos Corporation of Can., 5 p.c,
1942.
1,000 00
777 50
H. B. Robinson & Co.
Bloomington & Normal Ry. & Light
Co., 5 p.c, 1928
27,000 00
33,220 00
Received in exchange from Illi-
nois Traction Co. for Pre-
ferred stocks.
Canadian Northern Ry. Co., Ont.
Division, 4 p.c, 1930 (g'teed by
Prov. of Manitoba)
17,033 33
12,469 36
W. J. O'Hara & Co.
Canadian Northern Rv. Co., 4 p.c.
1939 fg'teed by Prov. of Saskat-
chewan) . .
37,950 00
27,378 01
ti ti
Canadian Northern Ry. Co., 4 p.c.
1939 (g'teed by Prov. of Alberta)..
27,940 00
20,498 19
" "
Canadian Northern Ontario Rv., H
p.c, 1961 (g'teed by Dom. of Can.)
541,952 40
378,655 70
" "
Canadian Northern Ontario Rv., 3^
p.c, 1938 (g'teed by Prov. of Ont.)
29,920 00
19,893 98
" "
Canadian Northern Pacific Ry. Co.,
4 p.c, 1950 (g'teed by Prov. of Br.
Columbia)
86,383 32
55,025 83
W. J. O'Hara & Co. and Dom.
Securities Corporation.
Canadian Northern Pacific Ry. Co.,
4Jp.cl950 (g'teed by Prov. of B. C.)
41,853 33
27,763 83
Dom. Securities Corporation,
W. J. O'Hara & Co., and
Buckmaster & Moore.
Canada Steamship Lines, 5 p.c, 1943
100,963 33
70,258 96
W. J. O'Hara & Co. and
Buckmaster & Moore.
Canadian Consolidated Rubber Co.,
6 p.c 1946
23,000 00
40,933 33
21,652 50
33,974 66
O'Brien & Williams.
Canadian Cottons, Ltd., 5 p.c, 1940.
United Financial Corporation.
Dominion Iron & Steel Co., 5 p.c.
1939
61,319 98
46,471 08
H. B. Robin.son& Co.,
F. H. Manley & Co.,
Truax, Higgins & Co.,
National Bond Co.
Drummond Apartments, 6j p.c. ,1929
100,000 00
98,230 00
Royal Securities Corporation.
Grand Trunk Pacific Ry., 3 p.c, 1962
(g'teed by Dom. of Canada)
242,028 00
139,034 30
Wood, Gundy & Co.,
National City Co.,
W.J. O'Hara & Co.
International Milling Co., 6 p.c, 1930
2,000 00
1,924 80
A. E. Ames & Co.
Kaministiquia Power Co. 5 p.c. 1937.
12,000 00
9,000 00
C. C. Smith & Co.
Levis Co. Rv. Receiver's Certi-
fic'ts, 7 p.c, 1921
80,900 00
80,900 00
National Trust Co.
Manitolaa & South West Colonization
Ry. Co., 5 p.c, 1934 (g'teed by
CP.R. Ry. Co.)
10,000 00
8,900 00
Wood, Gundy & Co.
Montreal Abattoirs, Ltd., 6 p.c, 1939
237,. 500 00
173,023 76
Company.
7 p.c. ,1939
135,000 00
121, .500 00
"
Montreal Tramways Co., 5 p.c, 1941
25,000 00
21.000 00
Atlas Bond & Security Corpn.
Montreal Water & Power Co., 4J p.c.
1932
6,326 66
3,882 66
J. S. Crook & Co.
ABSTRACT OF STATEMENTS
Cix
SESSIONAL PAPER No. 8
Statement showing the Movement of Securities of Canadian Life and Assessment Companies
for the six months ending June 30, 1920.
BONDS AND DEBENTURES PURCHASED— Con^inueii.
Company
Description of Security
Par Value
Price Paid
From or
through whom
purchased
Nova Scotia Steel & Coal Co., 5 p.c,
1959
$ cts.
20,033 32
53,533 34
41,366 66
50,000 00
180,000 00
12,000 00
6,250 00
750,000 00
13,626 66
4,370 00
19,000 00
15,960 00
3,990 00
4,980 00
77 37
$ cts.
16,202 33
35,563 78
33,701 66
43,425 00
158,400 00
7,896 23
3,125 00
712,500 00
13,208 13
3,794 77
18,287 50
14,559 91
4,019 97
4,058 70
77 37
Pacific Great Eastern Rv. Co., 4^
p.c, 1942 (g'teed by Prov. of Br.
Columbia)
Price Bros., Ltd., 5 p.c, 1940
Quebec R. C. School Commissioners,
5 p.c, 1953
A. E. Rea & Co., 5 p.c, 1931
Rio de Janeiro Tramwav, Light &
Power Co., 5 p.c, 19.35
Ritz Carlton Hotel Co., Ltd., 6 p.c,
1943
United Grain Growers, Ltd., 6 p.c,
1940 _
West Kootenay Power & Light Co.,
6 p.c, 1940
Grant, Johnston & Co.
W. J. O'Hara & Co.,
J. S. Crook & Co.
Grant, Johnston & Co.
Dom. Securities Corporation.
S. & C. L. Carsley.
W. J. O'Hara & Co.
Company.
United Financial Corporation.
Grant, Johnston & Co.,
Banco Hipotecario de Chile, 7 p.c. .
8 p.c...
Caja de Credito Hipotecario de Chile
7 p.c
United Financial Corporation.
Banco Hipotecario de Chile.
J. A. Sanchez & Co.
Banco Hipotecario de Chile
Caja de Credito Hipotecario de Chile
8 p.c
City of Osaka, Japan, 5 p.c. 1921/37. .
Town of Bruce Mines, Ont., 5 p.c,
1923 and 24
Agent of Co. at Osaka.
Interest added to principal.
Prov. of New Brunswick, 6 p.c, 1930
Grand Trunk Pacific Ry. Co., 3 p.c,
1962 (g'teed by Dom. of Canada)
Greater Winnipeg Water Dist., 4j
p.c. Reg. stock, 1954
Municipal Debs., 3J p.c
5,820,006 19
Travellers Ijife
25,000 00
19,466 66
21,729 66
2,000 00
2,400 00
1,000 00
1,000 00
20,000 00
45,799 98
23,573 32
32,866 66
16,000 00
5,000 00
1,000 00
6,000 00
3,000 00
1,000 00
32,000 00
24,540 00
10,024 11
16,957 89
1,437 60
1,957 00
753 30
773 10
15,726 00
34,871 07
19,286 66
25,793 20
14,966 20
4,501 00
949 00
6,000 00
2,307 70
785 00
31.235 50
336 97
Wood, Gundy & Co.
Greenshields & Co.
Low.
4ipc
iip-o
4ip.c
Wood, Gundy & Co.
Greenshields & Co.
" " 5 p.c
Wood, Gundy & Co.
5ip.c
" " 5j p.c
" " 6 p.c
National City Co.
Greenshields & Co.
School Debs., 4 p.c
4ip.c
" 6 p.c
Accumulation of book values to-
Foster, Barrett, Riepert &
Low.
Grennshields & Co.
Dom. of Canada Victory Loan, 5 J
p.c. 1923
Dom. of Canada Loan, 5-5 p.c, 1934.
Alberta Great Waterways Ry. Co.,
5 p.c. 1959 (G'teed by Prov. of
Alta.)
258,836 28
213,201 30
Western Life
50 00
30,000 00
42,000 00
50 00
21,000 00
31,920 00
Policyholder.
Balance of subscription.
72,050 00
52,970 00
ex
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
Statement showing the Movement of Securities of Canadian Life and Assessment Companies
for the six months ended June 30, 1920 — Continued.
BONDS AND DEBENTURES PURCHASED— Con«tnue<f.
Company.
Description of Security.
Par value.
Price paid.
From or
through whom
purchased.
Alliance Nationale
Dominion of Canada War Loan, SJ
p.c, 1933
Dominion of Canada War Loan, 5J
p.c, 1937
S cts.
25,000 00
43,000 00
350,000 00
32,330 00
7,000 00
$ cts.
25,000 00
40,769 88
350,000 00
30,330 00
7,000 00
La Banque d'Hochelaga.
Dominion of Canada Loan, 5 J p.c,
1934
Municipal Debs. ,6 p.c
" " 6 p.c
Union St.Joseph, Three Rivers
Dominion of Canada Loan, 5 J p.c,
1934
4.57,330 00
453,099 88
Ancient Order of For-
esters.
12,000 00
22,3S6 66
10,418 06
2,320 49
10,000 00
2,000 00
5,000 00
160 00
12,000 00
16,477 47
10,768 25
2,131 71
9,468 20
1,843 40
5,093 10
160 00
416 55
Canadian Northern Pacific Railway
4ip.c.. 1950. (G'teed by B.C.)
Muunicipal Debs., 4j p.c
C. H. Burgess & Co.
" " 5 p.c
" " 6 p.c...
C. H. Burgess & Co.
" " 6 p.c
R. C. Matthews & Co.
8 p.c
Accumulation of book values to-
wards par
Returned unpaid.
Dominion of Canada Loan, 5h p.c,
1934
64,285 21
58,358 68
140,000 00
4,950 00
4,000 00
14,000 00
112,418 46
140,000 00
4,9.50 00
4,000 00
14,000 00
99,942 14
Ren6 T. Leclerc
Union St. Joseph, St. Sauveur.
5 p.c
« K
" " 5 p.c
Chs. Aug. Bertrand.
275,368 46
262,892 14
C.M.B.A
14,000 00
10,219 99
3,000 00
16,206 57
11,049 47
8,758 81
2,890 66
15,179 23
746 45
A. E. Ames & Co.
" " 5i p.c
5ip.c
Accumulation of book values to-
wards par
A. E. Ames & Co.
Wood, Gundy & Co.
Dominion of Canada Loan, 5 J p.c,
1934
Canadian Northern Ry. Reg. stock,
4 p.c, 1934
43,426 56
38,624 62
CJomniercial Trave'l !rs
46,000 00
14,600 00
14,600 00
10,000 00
44,620 00
11,680 00
9,599 50
8,136 00
Macneill, Graham & Co.
Canadian Northern Pacific Ry. Reg.
stock, 4 p.c, 1950
Municipal Debs., 4 p.c. and 45 p.c. .
Dominion of Canada Loan, 5i p.c,
1934
United Kingdom of Great Britain
and Ireland, 5 J p.c, 1937
Canada Bond Corporation.
85,200 00
74,035 50
I.O.F
200,000 00
50,000 00
48,666 67
30,000 00
50,000 00
200,000 00
48,875 00
38,296 12
28,415 40
41,995 00
2,250 00
42,000 00
8,991 87
1,594 77
11,100 00
Dom. Govt.
Agent Guarantv Trust Co. of
Municipal Debs., 4| p.c
New York.
" " 5i p.c
School Debs., 5 p.c
Cutler Mail Chute Co. Coll. Trust,
6 p.c
And raws Manufacturing Co. Ist Mtge.
6 p.c, 1933
42,000 00
Company.
New York City District Realty
Co., 6 p.c, 1941.. .
Royal Mortgage Bank, Norway, 3J
2,246 16
12,000 00
„
Union Water Development Co.,
7 p.c, 1936
«
434,912 83
423,518 16
ABSTRACT OF STATEMENTS
CXI
SESSIONAL PAPER No. 8
Statement showing the Movement of Securities of Canadian Life and Assessment Companies
for the six months ended June 30, 1920. — Continued.
BONDS AND DEBENTURES FURCHASED— Concluded.
Company
Description of Security
Par value
Price paid
From or
through whom
purchased
Royal Guardians
United Kingdom of Great Britain
and Ireland, 5^ p.c, 1937
Municipal Debs., Sf p.c, 1920
School Debs., 6 p.c, 1943
Dominion of Canada Loan,, SJ- p.c.
19.34,.
Dominion of Canada Loan, 51 p.c,
1934.
$ cts.
10,000 00
562 98
25,000 00
S cts.
8,800 00
562 98
24,500 00
Hanson & Ferguson.
Bond returned unpaid.
Royal Securities Corporation.
35,562 98
33,862 98
Woodmen of the World.
70,000 00
150,000 00
15,000 00
15,000 00
25,000 00
70,000 00
149,359 04
13,817 17
14,210 90
23,483 12
772 33
Dom. Govt.
Wood, Gundy & Co.
" " G p.c
« «
District Debs., 6 p.c
Acculumation of book value towards
" "
275,000 00
271,642 56
C'XII
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
Statement showing the Movement of Securities of Canadian Life and Assessment Companies
for the sL\ months ended June 30, 1920. — Continued.
STOCKS PURCHASED
Company
Description of Stocks
Dividends
paid in
Par value
Price paid
From or
through whom
purchased
1917
1918
1919
Canada TM^
Bank of Montreal
10
12
10
10
8
7
12
12
10
12
11
7
12
12
10
12
12
7
6
7
7
6
6
7
12
% cts.
8,100 00
4,700 00
$ cts
12,1.50 00
7.050 00
36,650 00
Direct.
Xational Trust Co. (1st payment
1,466 shares)
„
Bank of Montreal
55,850 00
Manufacturers Life. .
1,000 00
1,500 00
Im erial Oil Co.. Ltd
Preferred —
Canadian General Electric Com-
pany
Chicago, Ottawa and Peoria Ry.
Northern Life
750 00
1,500 00
Direct.
Sun Life
37,000 00
118,100 00
5,000 00
15,900 00
68,300 00
100 00
11,900 00
12,400 00
35,228 80
101,566 00
4,422 23
14,103 50
53,961 59
67 33
11,005 55
21,720 00
Truax, Higgins & Co.
7
7
6
6
10
7
7
6
6
7
10
for Illinois Traction
Co. bonds and stocks
surrendered.
Dominion Glass Company
enzie.
O'Brien and Williams,
Arthur Ahem, and
Truax, Higgins &
Co.
Dom. Securities Corp.
and Truax, Higgins
&Co.
McCuaig Bros.
Nesbitt, Thomson &
Co.
Illinois Traction Co
International Milling Co
Common-
Cutler Mail Chute Co
268,700 00
242,075 00
I.O.F
43.200 00
420,000 00
4,833 12
65,933 85
Lincon 1 raction Co., Nebraska..
Georgia Ry.& Pow.
Co.
463,200 00
70,766 97
ABSTRACT OF STATEMENTS
CXlll
SESSIONAL PAPER No. 8
Statement showing the Movement of Securities of Canadian Life and Assessment Companies
for the six months ended June 30, 1920 — Continued.
BONDS. DEBENTURES AND STOCKS SOLD OR MATURED
Company
Canada Life.
Capital Life.
Commercial Life. .
Confederation'Life .
Continental Life.
Description of Security
Prov. of British Columbia
5 p.c
Prov. of Manitoba, 6 p.c. . .
" Nova Scotia, 5 p.c .
" Ontario, 4 p"c
" " 4 p.c
" " 4J p.c
' Saskatchewan, 4 p.c.
." " 5 p.c.
Municipal Securities
Miscellaneous securities
Detroit, Rochester, Lake
Orion and Romeo Ry
Stocks
Amortization of book values
towards par
United Kingdom of Great
Britain and Ireland
Municipal securities
School District securities
Amortization of book values
towards par
Prov. of Alberta Savings Car
tificates
Par value
50,000 00
50,000 00
50,000 00
100,000 00
105,000 00
6,000 00
58,400 00
163,033 33
20,000 00
Value
in
Account
175,000 00
25,000 00
5,000 00
50,000 00
190,500 00
100,000 00
1.255 96
1.256 20
102,512 16
Dom. of Canada (4) War Loan
5| p.c
Prov. of Alberta, 4j p.c.
Prov. of Ontario .
Stock.
Municipal securities.. . .
Rural Telephone debs
Dominion Realty Co
Montreal Light, Heat and
Power
Dom. of Canada Loan, 5j p.c.
Prov. of British Columbia . . .
Municipal securities
School District debs
London and Lake Erie Ry. and
Transportation Co
Toronto Harbour Commis-
sioners debs
4,20p 00
1,000,000 00
50,000 00
825 98
43,800 00
35,000 00
50,000 00
25,003 40
245 16
4,538 64
65,000 00
45,160 65
49,325 00
51,750 00
94,302 00
93,833 25
4,916 45
49,126 00
154,358 80
19,224 00
80,408 99
168,004 90
23,890 50
4,920 50
56,418 38
50,122 13
356,564 93
3,883 73
Price or
other
con-
sideration
received
48,491
50,000
51,750
98,000
99,870
5,491
49,348
165,009
19,800
1,308,210 21
99,893 80
1,069 37
1,255 88
96 43
102,315 48
4,200 00
181,575
24,975
5,262
To whom sold
C. H. Burgess & Co.
A. E. Ames& Co.
Dom. Securities Corp.
C. H. Burgess & Co.
Dom. Securities Corp
C. H. Burgess & Co.
Matured .
Dom. Securities Corp.
A. E. Ames & Co.
C. H. Burgess & Co.
Matured.
52,825 00 Dom. Securities Corp.
381,253 38 A. E. Ames & Co.
83,601 25 National Bank
Commerce, N.Y.
Matured.
1,000,000 00
49,065 64
1,274,413 18
50,000 00
25,000 00
2,289 53
269 69
25,000 00
825 98
33,726 00
34,191 54
50,000 00
25,313 27
257 01
4,538 64
64,307 75
1,262,225 83
50,759 44
22,242 50
2,135 05
269 69
4,800 00
20,425 00
100,631 68
1,000,000 00
(4) War Loan
52,031 14
City of Wood-
stock.
Canada 3}%
stock and
cash.
46,232 70
City of Toron
to.
56,000 00
City of Bran
don.
4,200 00 Redeemed.
70,000 00
Toronto Har
hour.
50,259 44
24,250 00
2,135 05
269 69
4,800 00
20,487 50
102,201 68
Wood, Gundy & Co.,
C. H. Burgess & Co.
C. H. Burgess & Co.
Matured.
Dom. Securities Corp.
Harris, Forbes & Co.
W. A. McKenzie & Co.
Matured.
Harris, Forbes & Co
W. A. McKenzie & Co.
C. H. Burgess & Co
Matured.
Amount received and
credited to principal.
Wood, Gundy & Co.
8— H*
cxiv
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
Statement showing the Movoment of Securities of Canadian Life and Assessment Companies
for the six months ended June 30, 1920 — Continued.
BONDS. DEBENTURES AND STOCKS SOLD OR U AT VKED— Continued
Price or
Value
other
Company
Description of Security
Par value
in
Account
con-
sideration
received
To whom sold
$ cts.
$ cts
$ cts.
Crown Life
Dom. of Canada War Loan,
Sip.c
50,000 00
50,000 00
52,000 00
A. E. Ames & Co.
Dom. of Canada War Loan,
SJp.c
100,000 00
100,000 00
104,000 00
Wood. Gundy & Co.
Prov. of Alberta, 6 p.c
10,000 00
9,741 01
10,400 00
"
" British Columbia, 5j
p.c.
50,000 00
50,000 00
51,300 00
Dom. Securities Corp.
30,000 00
30,000 00
29,127 00
Bell, Gouinlock Co.
" Saskatchewan, 5 p.c.
47,000 00
41,849 33
44,180 02
Wood, Gundy & Co.
" " 6 p.c.
10,500 00
10,158 72
10,710 00
"
Newfoundland, Sj p.c
17,000 00
17,202 30
17,202 30
"
Municipal securities
1,869 59
1,869 59
Matured.
School District debs
13;070'89
13,083 03
13,083 03
Rural Telephone Co., debs
782 82
787 08
787 08
"
Grand Trunk Pacific Ry
72,900 33
39,570 12
41,130 18
J. F. Stewart & Co.
London and Lake Erie Rail-
road Co. debs
1,240 00
1,240 00
1,240 00
Matured.
Amortization of book values
towards par
49 21
Dom. of Canada War Loan, SJ
p.c
365,550 39
377,029 20
DominioD Life
550,000 00
25,000 00
550,000 00
24,352 17
554,812 50
25,650 00
Wood. Gundy & Co.
Prov. of Alberta, 6 p.c
"
" Manitoba, 6 p.c
30,000 00
29,318 64
31,200 00
"
" Saskatchewan, 5 p.c. .
10,000 00
9,001 60
9,175 00
"
5,000 00
4,799 74
5,000 00
A. E. Ames & Co.
Municipal securities
1,489 84
1,489 84
Matured.
School District debs
1,619 74
547 43
1,619 74
547 43
Rural Telephone Co., debs
The Canadian Realty Corp . .
Amortization of book values
u
1,000 00
1,000 00
tt
towards par
166 32
Dom. of Canada War Loan,
5j p.c
624,657 01
622,295 48
Excelsior Life
100,000 00
100,000 00
102,000 00
Rotenberg Ltd.
Dom. of Canada War Loan,
5i p.c
856,000 00
5,000 00
856,000 00
4,875 00
852,135 00
5,000 00
Kerr. Flemming & Co.
Prov. of Ontario, 5| p.c
R. A. Daly & Co.
Japanese Government, 4 p.c.
Dom. of Canada War Loan,
48,700 00
34,090 00
34,090 00
Kerr. Flemming & Co.
1,009,700 00
994,965 00
993,225 00
Greet West Life
5§p.c
35,000 00
35,000 00
36,225 00
Carruthers. Martin &
Torrance.
" " . .
410,000 00
410,000 00
422,162 50
Baird & Botterell.
" " . .
535,000 00
535,000 00
550,400 00
Dom. Securities Corp.
" " .
1.50,000 00
150,000 00
156,000 00
Wood, Gundy & Co.
" " . .
50,000 00
50,000 00
52,000 00
Harris, Read & Co.
" " . .
300,000 00
300,000 00
307,000 00
J. A. Thompson & Co.
" " . .
42,250 00
42,250 00
42,690 25
Edward Brown & Co.
" " .
19,400 00
19,400 00
19,400 00
G. W. L. Victory Loan
Club.
" "
8,000 00
8,000 00
8,000 00
Mrs. A. N. Pawson.
Prov. of Alberta, 6 p.c
25,000 00
24,270 00
25,375 00
.1. A. Thompson & Co.
" Manitoba, 6 p.c
50,000 00
48,185 00
50,750 00
"
" Nova Scotia, 6 p.c. .
15,000 00
14,925 00
15,225 00
Royal Securities Corp.
" Saskatchewan, 6 p.c.
50,000 00
48,310 00
48,500 00
Dom. Securities Corp.
Municipal Securities
11,797 68
28,760 49
15,427 30
11,318 55
29,204 46
15,615 65
11,318 55
29,204 46
15,615 65
Matured.
School District debs
Rural Telephone Co., debs
"
Canadian Realty Corp
4,000 00
4,000 00
4,000 00
"
Dom. Realty Co
1.941 70
1,941 70
1,941 70
**
Stocks-
Canada, Permanent Mtge. Co. .
52,790 00
91,854 60
92,767 84
Osier, Hammond &
Nan ton.
Royal Bank of Canada
17,700 00
36,641 50
40,563 71
Toronto General Trusts Corp.
5,500 00
10,175 00
11,314 13
"
1,827,567 17
1,886,091 46
1,940,453 79
ABSTRACT OF STATEMENTS
cxv
SESSIONAL PAPER No. 8
Statement showing the Movement of Securities of Canadian Life and Assessment Companies
for the six months ended June 30, 1920 — Continued.
BONDS, DEBENTURES AND STOCKS SOLD OR MATURED— Coniinueif
Company
Description of Security
Par value
Value
in
Account
Price or
other
con-
sideration
received
To whom sold
Dom. of Canada War Loan,
$ cts.
500,000 00
10,400 00
50,000 00
15,000 00
35,000 00
50,000 00
100,000 00
50,000 00
48,666 66
21,900 00
100,000 00
9,507 67
19,991 58
$ cts.
493,645 00
9,304 35
48,108 50
13,973 56
32,604 81
49,753 47
95,893 84
49,221 74
38,379 19
18,580 82
99,402 28
9,131 42
19,991 58
31,051 86
$ cts.
510,000 00
Dom. Securities Corp.
Prov. of Alberta, 5 p.c
British Columbia, 4^
p.c.
4i p.c.
5h p.c.
" Manitoba, 6 p.c
" New Brunswick, 6 p.c
" Ontario, 4 p.c
4|p.c
United Kingdom of Great
Britain and Ireland, 5| p.c...
Imperial Life Stafif.
51,500 00
14,437 50
33,687 50
49,500 00
103,500 00
50.000 00
38,923 55
18,205 97
108,075 00
Dom. Securities Corp.
C. H. Burgess & Co.
Dom. Securities Corp.
A. E. Ames & Co.
Dom. Securities Corp.
Matured.
Amortization of book values
Dom. of Canada War Loan,
5^ p.c.
5i p.c.
5^ p.c.
Prov. of Alberta, 4J p.c
5^ p.c
Prov. of British Columbia, 5
1,010,465 91
1,009,042 42
150,000 00
250,000 00
100,000 00
10,000 00
2,000 00
50,000 00
20,000 00
50,000 00
22,997 51
3,000 00
1,783 90
150,000 00
250,000 00
100,000 00
9,473 50
1,943 88
47,032 23
19,074 72
49,165 07
22,660 34
2,932 18
1,783 90
39 47
150,885 63
250,700 35
100,756 17
9,669 52
1,994 10
47,226 28
19,369 20
56,927 66
53,108 64
5,158 75
5,000 00
Wood, Gundy & Co.
A. E. Ames & Co.
Dom. Securities Corp,
Brent, Noxon & Co.
Dom. Securities Corp.
Prov. of Saskatchewan, 5 p.c. .
Anglo-French Loan, 5 p.c
Brent, Noxon & Co.
Dom. Securities Corp.
Matured.
School District debs
<<
Amortization of book values
Prov. of Alberta, 5 p.c
" British Columbia, 4^
659,781 41
654,105 29
700,796 30
Manufacturers Life
25,000 00
50,000 00
163,519 98
159 05
45,545 18
129,060 23
50,000 00
50,000 00
15,748 92
5,108 39
2,400 00
15,900 00
6,700 00
24,541 63
46,589 17
155,351 28
150 65
44,864 84
129.892 43
50,568 01
50,122 20
16,553 63
5,099 86
6,313 82
28,389 97
13,995 89
800 86
24,982 64
47,643 24
160,126 40
Kerr, Flemming & Co.
" Saskatchewan, 4 p.c.
Government securities
Matured.
"
Detroit and Pontiac Ry. Co...
Detroit, Rochester, Romeo
and Lake Orion Ry. Co
Rural Telephone Co. debs
54,693 47
54,793 39
Kerr, Flemming & Co.
Matured.
Bank of Nova Scotia stock
Merchants Bank of Canada
stock
6,i73 52
29,958 32
14,169 16
Kerr, Flemming & Co.
Standard Bank of Canada
„
Amortization of book values
Dom. of Canada War Loan,
5i p.c.
5i p.c.
559,141 75
573,234 24
Monarch Life
130,000 00
80 00
1,383 88
6,298 12
5.438 02
130,006 75
80 00
1,383 88
6,298 12
5,438 02
133,940 00
80 00
Osier, Hammond &
Nan ton.
Monarch Life Staff.
Rural Telephone Co. debs
«
143,200 02
143,206 77
CXVl
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
Statement showing the Movement of Securities of Canadian Life and Assessment Companies
for the six months ended June 30, 1920 — Continued.
BONDS. DEBENTURES AND STOCKS SOLD OR iiATV RED— Continued
Company
Description of Security
Par value
Value
in
Account
Price or
other
con-
sideration
received
To whom sold
"Mutual T<if<* ...
Dom. of Canada War Ix)an.
5i p.c.
5J p.c.
" " 5^ p.c.
5^ p.c.
5i p.c.
Prov. of British Columbia,
$ cts.
600,000 00
1,840,000 00
150,000 00
50,000 00
300,000 00
10,000 00
25,000 00
25,000 00
75,000 00
1,686 03
50,564 59
31,892 11
10.794 16
29,119 03
$ cts.
600,000 00
1,840,000 00
1,50,000 00
50,000 00
300,000 00
8,850 44
25,000 00
24,790 72
74,372 14
1,274 91
52,469 26
32,257 05
15,481 06
29.083 47
20.142 83
861 31
S cts.
611,750 00
1.873,250 00
153,000 00
51,000 00
302,250 00
9,500 00
26,500 00
26.250 00
78,750 00
Wood, Gundy & Co.
A. E. Ames & Co.
Rrent, Noxon & Co.
Dom. .Securities Corp.
W. A. Mackenzie & Co.
C. H. Burgess & Co.
Newfoundland War Loan.
6i p.c.
6^ p.c.
Government securities
Wood, Gundy & Co.
i<
Rural Telephone Cos. debs —
Miscellaneous securities
Accrued interest treated as
principal at time of purchase
Amortization of book values
Written off.
Dom. of Canada War Loan,
51 p.c.
" 5h p.c.
Prov. of Alberta, 4^ p.c
" 4^p.c
" " 5 p.c
5|p.c
" Manitoba, 6 p.c
" New Brunswick, 6 p.c.
3,199,055 92
3,224,583 19
66,000 00
10,000 00
5,000 00
5,000 00
10,000 00
9,000 00
10,000 00
15.000 00
14,000 00
15,000 00
11,500 00
1,000 00
18,006 65
5,000 00
20,000 00
4,866 66
5,000 00
50 00
5,000 00
2,000 00
13,273 52
5,000 00
5,000 00
26,997 68
3,546 98
5,000 00
66,000 00
10,000 00
4,822 50
4,840 00
9,600 00
8,747 10
9,837 10
14,877 00
12,541 00
14,262 20
11,500 00
1,000 00
16,926 60
4,828 00
17,698 00
4,859 40
5,000 00
47 75
4,932 20
1,937 76
12,806 .50
5,000 00
4,683 70
26,651 28
3,544 19
3,460 00
268 34
66,000 00
10,000 00
4,910 50
5,000 00
10,300 00
9,075 00
10,277 10
15,472 50
13,110 40
15,091 50
12,075 00
1,040 00
17,646 53
5,000 00
18,400 00
4,859 40
5,300 00
49 90
5,050 00
1,952 24
12,872 40
5,300 00
4,825 00
Canada Bond Corp.
W. A. Mackenzie & Co.
Dom. Securities Corp.
A. E. Ames & Co.
R. C. Matthews & Co.
Canada Bond Corp.
R.C. Matthews* Co.
^P■C
" " 6 p.c
6 p.c
" Saskatchewan. 4 p.c.
" " 5 p.c.
" " 5 p.c.
British Exchequer bonds, 6 p.c.
Wood, Gundy & Co.
Canada Bond Corp.
R. C. Matthews & Co.
Dyment & Co.
C. H. Burgess & Co.
Canada Bond Corp.
Matured.
C. H. Burgess & Co.
U. S. War Loan, 4i p.c
R. C. Matthews & Co.
Wood, Gundy & Co.
W. L. Mackenzie & Co.
■<
W. L. McKinnon & Co.
«
iEmelius Jarvis & Co.
X
Canada Bond Corp.
II
Matured.
Hydro Electric Power Comm.
3,460 00
Canada Bond Corp.
Amortization of book values
Dom. of Canada War Loan,
55 p.c.
" " 5 p.c.
" " 5 p.c.
" " 5 p.c.
" " 5 p.c.
" " 5 p.c.
Prov. of Alberta, 5 p.c
" " 5 p.c
" British Columbia, 45
290,241 49
280,670 62
North Amerieaii.Life. .
250.000 00
5,000 00
29.000 00
24,000 00
27.500 00
17,000 00
37,000 00
13,000 00
100,000 00
50,000 00
10,500 00
24,333 33
48,666 67
246,775 00
4,875 00
28,275 00
23,400 00
26 812 50
11,957 40
35,797 50
12,577 50
92,945 00
48,875 00
10.500 00
21.809 15
43,618 31
255,000 00
4,875 00
28,275 00
23,400 00
26,812 50
16,490 00
36,260 00
12,740 00
93,000 00
49,125 00
10,821 12
24,333 33
48,484 16
Turner, Spragge Co.
Morrow & Jellett.
Macneill, Graham &
Co.
Can. Bond Corp.
Housser, Wood & Co.
R. C. Mattuews & Co.
J. F. Stewart & Co.
C. H. Burgess & Co.
R. C. Matthews & Co.
" Ontario, 4 J p.c
" 6 p.c
" Saskatchewan, ,4 p.c.
" " 4 p.c.
Wood, Gundy & Co.
R.C. Matthews & Co.
Bell,Gouinlock&Co.
C. H. Burgess & Co.
ABSTRACT OF STATEMENTS
cxvii
SESSIONAL PAPER No. 8
Statement showing the Movement of Securities of Canadian Life and Assessment Companie»
for the six months ended June 30, 1920 — Continued.
BONDS. DEBENTURES AND STOCKS SOLD OR MATURED— Continued
Company
Description of Security
Par value
Value
in
Account
Price or
other
con-
sideration
received
To whom sold
North American Life
—Con.
Municipal securities
School District securities
Rural Telephone Co. debs
Bishop Navigation Co., 6 p.c.
Miscellaneous debs
Northern Life.
Amortization of book values
towards par
Dom. of Canada War Loan,
5^ p.c.
" " 5J p.c.
Municipal securities
School Dist. debs
London and Lake Erie Ry. and
Transportation Co., 5 p.c —
Amortization of book values
towards par
Saskatchewan^Life Dom. of Canada War Loan
5j p.c,
' " 5j p.c
Muuicipal securities
School District debs
Rural Telephone Co. deba
La Sauvegarde Life. .
Security Life
Sovereign Life
Sun Life.
Municipal debs
Montreal Tramways Co.
Dom. of Canada War Loan,
5j p.c
Municipal securities
School District debs
Rural Telephone Co. debs
Greater Winnipeg Water Dist.
debs
Dom. of Canada bonds, 5 J p.c.
Dom. of Canada War Loan,
Si p.c.
" " 5i p.c.
Prov. of Ontario, 3 J p.c
Newfoundland, 6i p c
United Kingdom of Great
Britain and Ireland, 5J p.c...
Republ ic of Cuba, 5 p.c
Municipal securities
" and School Dist.
debs
Bloomington and Normal Ry.
and Light Co., 5 p.c
Des Moines Electric Co., 5 p.c.
$ cts.
6,569 82
14,701 09
2,770 34
50,000 00
67,500 00
85,000 00
862,541 25
214,700 00
100 00
8,495 55
360 00
13,000 00
200 00
1,500 00
2,847 82
517 62
18,065 44
586 02
1,000 00
1,586 02
12.000 00
3,260 82
833 33
1,871 41
25,000 00
30,965 56
300,000 00
100, 00« 00
613,000 00
67,320 00
50,000 00
250,000 00
500 00
5,372 60
8,034 03
28,000 00
31,000 00
$ cts.
6,509 82
14,701 09
2,770 34
48,315 00
67,500 00
80,424 05
1,049 05
S cts.
6,569 82
14,701 09
2,770 34
51,000 00
67,500 00
85,000 00
829,546 71
857,157 36
214,700 00
104 00
8,333 44
377 50
3,760 00
1,164 21
216,759 00
377 50
228,439 15
12,963 53
200 00
1,434 32
2,851 70
517 62
13,180 00
17,967 17
586 02
810 00
810 00
1,396 02
12,000 00
12,391 24
3,266 70
858 27
2,081 70
23,724 60
25,125 00
Matured.
J.F. M.Stewart & Co.
Matured.
Redeemed.
Royal Securities Corp.
Account transferred.
Matured.
Further sale of assets.
Harris, Read & Co.
Head Office staff.
Matured.
Matured.
Placement.
A. E. Ames'&'Co.
Matured.
Edw. Brown & Co.
29,931 27
292, 3Cd 50
100,000 00
605,286 61
48,511 64
49,200 00
240,625 00
455 40
5,406 15
7,788 30
25,200 00
26,622 04
293,881 75
100,000 00
818,067 50
49,863 70
52,490 00
244,330 63
500 00
5,371 10
8,034 03
25,967 13
29,006 08
City Co..
National
N.Y.
Royal Securities Corp.
Atlas Bond and Secur-
ity Co. & O'Brien &
Williams.
Lloyd's Bank.
Wood, Gundy & Co.
National City Co.
N.Y.
Redeemed.
Instalments matured.
Illinois Trust and Sav-
ings and Eaatabrooke
& Co., Boston.
Emery, Peck & Rock-
wood and H. W,
Gardner.
CXVIU
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
Statement showing the Movement of Securities of Canadian Life and Assessment Companies
for the six months ended June 30, 1920 — Continued.
BONDS, DEBENTURES AND STOCKS SOLD OR MATURED— Continued
Company
Sun Life — Con.
Travellers Life.
Description of Security
Galesburg Ry. Lighting and
Power Co., 5 p.c
Jacksonville Ry. and Light
Co., 5 p.c
Topeka Ry. and Light Co.,
5 p.c
Abitibi Power and Paper Co.,
7 p.c
American Sales Book Co., 6
P-c
Bell Telephone Co. of Can.,
5 p.c
Cedars Rapids Mfg. and Power
Co., 5 p.c
Mexican Northern Power Co.,
receiver's certificates, 7 p.c.
Montreal Abattoirs Ltd., 6 p.c
Banco Hipotecario de Chile
Caja de Credits Hipotecario
de Chile
Philippine Islands
Par value
Montreal Water and Power Co
Preferred Stocks —
Bloomington and Normal Ry
& Light Co. , 6 p.c
Madison County Light and
Power Co
Mills County Power Co
Omaha and Lincoln Ry. and
Light Co
Dom. of Canada War Loan,
5 p.c.
" " 5J p.c.
" " 5J p.c
" " SJ p.c.
Prov. of Manitoba, 6 p.c
" Ontario, 4 p.c
" " 6 p.c
_" Quebec, 4J p.c
Municipal securities
Greater Winnipeg Water Dist.
debs., 5 p.c
Amortization of book values
towards par
42,000 00
17,000 00
o.DOO 00
177,200 00
20,600 00
25,000 00
3,000 00
5,000 00
379,000 00
4,180 00
190 00
Value
in
Account
80,000 00
30,900 00
5,000 00
5,200 00
2,253,496 63
25,000 00
110,000 00
13,000 00
2,000 00
5,000 00
5,000 00
5,000 00
10,000 00
20,000 00
5,000 00
200,000 00
35,612
14,620 00
5,100 00
154,982 91
19,570 06
24,750 00
2,437 56
5,000 00
344,890 00
3,731 60
195 70
33 75
67 76
68,800 00
26,574 00
4,300 00
4,472 00
Price or
other
con-
sideration
received
2.116,602 78
24,047 79
110,000 00
13,000 00
2,000 00
4,919 96
4,468 31
5,000 00
8,613 81
19,835 24
4,731 36
29 97
37,910 10
14,620 00
5,404 40
194,920 00
20,975 37
22,750 00
2,670 00
5,000 00
344,890 00
4,180 00
190 00
33 75
67 76
68,800 00
26,574 00
4,300 00
4,472 00
To whom sold
$7,000 exchanged for
like amount of Chi-
cago, Ottawa and
Peoria Ry. Pref,
stock. $1,000 to A.
C. Harlow and $34,-
000 for sinking fund.
Exchanged with Illi-
nois Traction Co. for
like amount of Chi-
cago, Ottawa and
Peoria Ry. Co.
Pref. stock.
New York Trust Co.
Redeemed.
Samuel K. Phillips &
Co.
Nesbitt, Thomson &
Co.
Bodell & Co.
Payment on account of
principal.
Surrendered in ex-
change for 6% in-
come bonds, pref.
stock, real estate
and cash $15,114.80,
Redeemed.
2,185,269 30
196,646 44
24,475 00
110,000 00
13,000 00
2,000 00
4,950 00
4,475 00
5,050 00
8,638 50
19,909 00
4,750 00
197,247 50
Adjustment of com-
mission paid in error
Law G'tee and Acci-
dent Society for sur-
render of guarantee.
Surrendered in part
exchange for Bloom-
ington and Normal
Ry. and Light Co.
bonds and Chicago,
Ottawa and Peoria
Ry. Co. pref. stock.
Greenshields & Co.
Wood, Gundy & Co.
A. P. Earle.
Greenshields & Co.
Wood, Gundy & Co.
Greenshields & Co.
ABSTRACT OF STATEMENTS
cxix
SESSIONAL PAPER No. 8
Statement showing the Movement of Securities of Canadian Life and Assessment Companies
for the six months ended June 30, 1920 — Continued.
BONDS, DEBENTURES AND STOCKS SOLD OR MATURED— Concluded
Company
Description of Security
Par value
Value
in
Account
Price or
other
con-
sideration
received
To whom sold
Western Life
School Dist. debs
$ cts
1.973 33
35,000 00
$ cts.
1,973 33
32,760 00
S cts
Greater Winnipeg Water Dist.
5p.c.
Dom. of Canada War Loan
5,1 p.c
5| p.c
." . '.' 5J p.c.
34,875 71
Drake Ballard Co.
36,973 33
34,733 33
34,875 71
Alliance Nationale
150,000 00
90,769 88
350 00
151 90
100 00
150,000 00
90,769 88
350 00
151 90
86 00
150,000 00
90,769 88
350 00
151 90
86 00
The National City Co.
La Banque d'Hoche-
laga.
Lost.
Dom. of Canada War cert.
Prov. of British Columbia,
5 p.c
241,371 78
241,357 78
241,357 78
A.O.F
20,000 00
4,751 56
1,996 67
18,064 26
4,696 87
2,023 31
41 34
19,000 00
C. H. Burgess & Oo
Municipal debs
School District debs
Amortization of book values
towards par
26,748 23
24,825 78
Artisans
580 50
618 73
Anglo French bonds, 5 p.c
Municipal securities
C.M.B.A
24,649 24
12,264 49
24,649 24
12,321 97
50 68
Amortization of book values
^
Dom. of Canada War Loan,
SJ p.c
36,913 73
37,021 89
Commercial Travellers
45,000 00
11,000 00
45,000 00
11,000 00
20 08
44,950 00
11,440 00
Prov. of Ontario, 6 p.c
Co. ' _^
Amortization of book values
towards par
Prov. of Ontario, 3| p.c
" 4 p.c
56,000 00
56,020 08
56,390 00
I.O.F
50,000 00
298 95
55,587 82
3,333 68
4.000 00
60,000 00
40,000 00
50,000 00
76,000 00
1,069 60
2,000 00
44,986 00
298 95
54,193 32
3,320 72
4,000 00
60,000 00
25,499 98
50,000 00
74,790 00
1,069 60
2,000 00
43,555 00
298 95
55,587 82
3,333 68
4,000 00
60,000 00
25,499 98
50,000 00
77,097 76
1,069 60
2,000 00
Dom. Securities Corp.
Municipal debs
School District debs. .
«
Canadian Realty Corp., 6 p.c.
Holmwood Realty Co., 6 p.c.
National Wood Products Co.,
6p.c
Company.
New York Steam Co., 6 p.c...
A. R. Rogers Lumber Co.,
6p.c
;;
Royal Mortgage Co., 3J p.c... .
Valpey Co., 6 p.c
"
Dom. of Canada War Loan,
5J p.c
fi
342,290 05
320,158 57
322,442 79
Royal Guardians
25,000 00
25,000 00
562 98
25,000 00
Royal Securities Corp.
Municipal securities
Dom. of Canada War Loan,
5Jp.c
Municipal securities
25,562 98
Woodmen
135,000 00
29,600 00
4,232 46
25,000 00
134,331 86
28,798 16
4,242 98
24,272 58
135,300 00
28,781 38
Wood. Gundy & Co.
Greater Winnipeg Water Dist.
debs
24,255 00
Wood, Gundy & Oo.
193,832 46
191,645 58
cxx
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
Statement showing the Movement of Securities of Canadian Life and Assessment Companies
for the six months ended June 30, 1920 — Continued
REAL ESTATE PURCHASED OR ACQUIRED
Company
Description of Property
Price paid
or value
at which
transferred
to
real estate
account
From whom purchased
Onnadn T/ife , , , ,
103 Bay St.. being part of town lot No. 4, north
$ cts.
123,337 25
28,062 47
21,191 71
6,872 81
15,149 17
4,028 96
19,550 81
Town lot No. 6 on south side King St., rear 79
King St. west
Lots 16, 17 and 18, Block 3, River lot 10, Edmon-
Supply Co.
Lot 140, Block 5, Hudson Bay Co. reserve, Ed-
monton
Rural Properties —
„
City Properties-
Alberta
„
Taxes or charges, etc., on real estate acquired and
including $2,508.53 installing elevators in
Montreal property
E. i 18 W. 1-28, W. 1 Man
218,193 18
C<M^ederation Life
6,183 70
4,442 25
4,591 28
3,256 58
11,112 82
21,928 08
City Proparties —
Conveyance
Conveyance.
Rural Properties —
Saskatchewan
Conveyance
Taxes or charges, etc., on real estate acquired. . .
Taxes or charges, etc., on real estate acquired... .
51,514 71
1,859 89
Crown Life
1,651 27
E B Hallett
Lots 36 and 37. Block J. Plan D. R., Lot 12,
36,053 SO
11,600 92
6,240 11
5,028 13
2,876 60
1.520 82
3,401 96
1.401 33
11.666 88
Lot 35, Block 123. Plan Old No. 96, Moosejaw,
Sask
City Property —
V. C. McCurdy,
Manitoba
i<
Ontario
K
Taxes, charges, etc., on real estate acquired
79,790 55
Excelsior Life
1,S46 36
1.32S 03
400 73
1,490 03
2,302 20
1,.573 45
1,045 38
1,087 15
749 85
194 57
1,944 53
R. Anliker.
M. Puchalski.
tt m
u u
M. L. Bragg.
Town Property, "
J. F Ashton.
Rural Property, "
M. F. McKinnon.
Alberta
R. A. Trider.
O. Joynt.
« «
T. R. Hickey.
Expended on construction H. 0. Bldg
Taxes or charges, etc., on real estate acquired... .
13,457 28
Great^'est Life
2,334 99
2,095 30
1,931 13
2,819 33
1,305 86
23,125 12
Foreclosure.
Rural Property, Manitoba
u
Taxes or charges, etc., on real estate acquired
33,611 73
>
ABSTRACT OF STATEMENTS
CXXl
SESSIONAL PAPER No. 8
Statement showing the Movement of Securities of Canadian Life and Assessment Companies
for the six months ended June 30, 1920 — Continued
REAL ESTATE PURCHASED OR ACQUIRED— Conducted
Company
Description of Property
Price paid
or value
at which
transferred
to
real estate
account
From whom purchased
City Property, British Columbia
$ cts.
7,070 56
4,720 93
1,383 61
1,268 96
2,264 38
2,825 50
1,224 93
1,608 65
876 21
1,868 28
H. A. Stewart.
" Alberta
M. Otterbine.
Rural Property —
Jos. A. Ramey.
L W. Kinzie.
<i
R. S. Wright.
"
W. J. Bradshaw.
Alberta
Mrs. M. L. Hodge.
A. Cameron.
Taxes or charges, etc., on real estate acquired... .
Taxes or charges, etc., on real estate acquired... .
Part of lot 109, Plan of lot 39, Ottawa
25,112 01
London Life
293 62
Manufacturers Life
8,127 27
7,614 13
995 55
201 78
Foreclosure.
Rural Properties —
Saskatchewan
"
Tajtes or charges, etc., on real estate acquired.. . .
Taxes or charges, etc., on real estate acquired....
Parts of lots 197, 198, 200 and all of lot 199 s.w.
corner Yates and Wharf Sts., Victoria, B.C..
Payment on account addition to Head Office. . . .
Taxes or charges, etc., on real estate acquired.. . .
Lots 10 and 11, w.d. Plan 485, Roncesvalles Block,
corner Roncesvalles and Bonstead, Toronto. . . .
Security Bldg., 37 Yonge St., Toronto
16,938 73
Monarch Life
31 34
44,000 00
32,711 70
1,560 89
Beard, Wilson & Dalgarno
(Quit claim deed).
78,272 59
Northern Life
46,754 00
Paid off mortgage to Huron
and Erie Loan and Savings
London.
Elgin Development Co.
Security Life
33,500 00
Lot 6, Block 30, Norwood Sub-Div., Plan XLIII,
(OuUette BIock), Edmonton
22,452 97
Foreclosure.
W. G. V. Bishop property, W. i 3-12-22 W. 2
Lot 24, Block 6, Subd. B, Dist. Lot 182, Maps 127
and 398, No. 1487-1441 Hastings, St. Van-
6,516 45
6,050 97
156,901 43
17,061 73
4,500 00
2,000 00
10,895 98
3,050 60
Quit claim.
Foreclosed.
Montreal Abattoirs
Montreal Abattoirs.
Lots 7 and 8, N. ^ Lot 80, Group 1, Map 719, Mun.
of Burnaby, Dist of New Westminster
City Property-
Foreclosed.
Quit claim.
British Columbia
Foreclosure.
Taxes or charges, etc., on real estate acquired... .
Taxes or charges, etc., on real estate acquired... .
Taxes or charges, etc., on real estate acquired... .
206,977 16
Western Life
253 95
5,661 00
CXXll
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
Statement showing the Movement of Securities of Canadian Life and Assessment Companies
for the six months ended June 30, 1920 — Continued
REAL ESTATE SOLD
Company
Description of Property
Price paid
or value
at which
carried
into
real estate
account
Value
in
Account
Price
received
To whom sold
City Properties-
$ cts.
39,200 53
4,056 45
28.500 00
2,097 53
11,606 40
5.259 72
$ cts.
41,435 92
4,776 47
1,000 00
4,390 55
2,881 19
4,788 29
12,497 54
$ cts.
56,884 75
6,750 00
1,000 00
4,400 00
5,578 00
6,300 00
Sale.
New Brunswick
" (partial payment).
Rural Properties-
Alberta
" (partial sale).
Revenue derived from real estate
Block A, Plan 744, 218 ' 1' on Ger-
rard St. X 134' on Carlaw Ave.
N.VV. comer Garrard and Carlaw
Sts., Toronto
90.720 63
71.769 96
80,912 75
■Confederation Life.. .
3,347 32
11,000 00
7,261 53
803 19
2.807 14
17,148 15
15,000 00
14,000 00
8,255 00
675 00
3,200 00
Langley's Ltd. (Balance of
Lot 9, Block 1, Plan 9913 and all
Block A, Plan AA3627, Second
15,287 59
7,237 17
756 29
2,774 00
Block).
Smith and Mackay.
Sale.
Rural property —
Saskatchewan
Revenue derived from real estate
Revenue derived from real estate
42,362 33
41,130 00
■Continental Life
74 75
Rural properties, Alberta
Lot 14, Block H, River lot 78,
'Crown Life
5,960 30
5,960 30
7.140 00
Sale.
-Dominion Life
42.027 15
51.918 09
13,462 60
13.649 56
3,989 61
2,422 18
3,401 96
1,946 52
42,069 70
51,927 89
13,612 62
13,817 46
4,188 32
2,422 18
3,401 96
1,946 52
2,301 84
87 36
12,822 81
15.000 00
57,000 00
14,339 40
16,075 00
4,178 33
2,794 40
3,500 00
1,950 00
2,801 84
87 36
Chas. S. Lacroix, el al.
Part lot 17, Hughsons, comer King
Wm. and Mary Sts., Hamilton..
City Properties —
J. A. C. Morrow.
Sale.
Manitoba
„
"
David Ashwith.
Revenue derived from real etsate
-
TowTi property, Saskatchewan
Rural Property —
Alberta
132.817 67
148,598 66
117,226 33
'Excelsior Life
7,196 11
2,132 53
3,687 06
5,946 16
6,532 40
2,700 00
3,126 61
7,256 50
1,426 65
7,802 20
2.750 00
3,450 00
8,300 00
Sale.
"
Revenue derived from real estate
L,ot 7, Part lot 6, special plot 4,
Winnipeg
18,961 86
21,042 16
22,302 20
•Great West Life
96.144 36
12,292 74
98,647 98
12,477 74
100,000 00
13,000 00
Home Investment and
Lots 19 and 20. Block 80. Plan C.l,
Calgary
Savings Assn.
Barclay Bros.
ABSTRACT OF STATEMENTS
CXXIU
SESSIONAL PAPER No. 8
Statement showing the Movement of Securities of Canadian Life and Assessment Companies
for the six months ended June 30, 1920 — Continued
REAL ESTATE SOLD— Continued
Company
Description of Property
Price paid
or value
at which
carried
into
real estate
account
Value
in
Account
Price
received
To whom sold
Great West Life—
oon.
Lots 7 and 8, Block 564, D.L. 526,
Tp. 1, Vancouver
Part Lots 83 to 85 (inc.), Block 8
H.B. R. PI. B, Edmonton
Lot 122, Block 12,P1. B. 4, H. B. R.
Edmonton
Lot 123, Block 12. PI. B 4. N. B. R.,
$ cts.
5.314 85
5,701 72
9,239 77
8,125 46
12,001 44
9,055 11
3,086 86
2,015 02
$ cts.
4,909 10
5,818 03
8,246 24.
8,557 96
13,592 02
10,152 41
3,665 49
2,786 64
S cts.
5,400 00
6,500 00
5,000 00
5,000 00
9,200 00
14,800 00
10,900 00
4,216 85
3,000 00
6,618 67
A. P. Stenhouse.
A. H. Edwards.
C. A. Hodgson and A. S.
Smith.
A. G. Lancey.
City Properties —
Sale.
Rural properties — Alberta
Town property— Saskatchewan. . . .
Revenue derived from real estate
City Properties —
162,977 33
168,853 61
183,635 52
Imperial Life
1,383 61
10,016 87
3,748 19
2,264 38
1,383 61
8,635 21
3,904 08
2,264 38
3,057 45
1,870 00
14,528 20
6,600 00
3,500 00
H. Leinweber.
Sale.
Rural Property —
„
VVm. C Taylor.
Revenue derived from real estate
17,413 05
19,244 73
26,498 20
4,327 38
4,200 46
13 54
6,750 00
C. E. Cook and Wm. J.
Revenue derived from real estate
Cummings.
Part lot 109. Plan of lot 39. Ottawa
Rural Property —
Alberta
4,327 38
4,214 00
6,750 00
Manufacturers Life...
8,127 27
888 00
2.709 50
7,614 13
5,000 00
1,067 35
2,502 44
7,614 13
3,720 17
9,000 00
1,550 00
3,344 00
10,400 00
Florence Gargano.
Geo. Martin.
Sale.
Revenue derived from real estate
Part of S.W. \ 24-31-24, W. 2, Sask.
W. 1 19-16-6 W. 2, Sask
19,338 90
19,904 09
24,294 00
50 00
50 00
Municipality.
4,500 00
18,621 78
5,794 63
4,370 87
3,585 17
3,000 00
4,500 00
10,000 00
1,155 00
4,816 04
2.550 38
3,000 00
11 25
757 91
6,589 35
10,000 00
1,155 75
4,850 00
2,550 38
3,000 00
Samuel Stewart.
No. 11,814, 100 th Ave., Edmonton
(J. St. CI. Blackett)
Mrs. Bessie Coyne
S. \ 18-13-20 W. 1, Man
(partial payment).
W. J. Pettapiece
City Property-
(partial payment).
E. P. Sutherland.
\V. A. & G. W. King.
(partial payment) 1,504
previously reported
W. H. Somerville.
Sale of material re addition to
Head Office
Revenue derived from real estate
39.872 45
26,790 58
CXXIV
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921'
Statement showing the Movement of Securities of Canadian Life and Assessment Companies-
for the six months ended June 30, 1920 — Continiied
REAL ESTATE SOLD— Concluded
Company
Description of Property
Price paid
or value
at which
carried
into
real estate
account
Value
in
Account
Price
received
To whom sold
North American Life
Rural property— Saskatchewan. . . .
Rural property — Saskatchewan. . . .
2-4 Lansdowne Ave., Toronto
(Parkdale Assembly Hall).
E. i Lot 205, Grp. 2, New West-
$ cts.
1,436 92
$ cts.
1,436 92
$ cts.
2,000 00
A. Brandt.
Northern Life
2,389 25
24,554 33
2,389 25
24,554 33
2,000 00
28,500 00
C. W. Anderson..
M. H. Findlay,
26,943 58
26,943 58
30,500 00
4,693 44
9,977 89
19,984 37
4,775 58
4,973 44
10,374 80
20,915 02
4,775 58
5,500 00
10,876 60
22,300 00
4,500 00
74 65
G. E. Leighton.
Pattinson Farm property. Part lots
380 and 381, Gp. 2, Chilliwack,
B C
Mercer.
City property, British Columbia..
Town property, Saskatchewan
Revenue derived from real estate
Sale.
J. Grist.
Revenue derived from real estate
39.431 28
41,038 84
43,251 25
140 00
1,200 00
1,200 00
6,740 62
1,200 00
Geo. Tardif.
Revenue derived from real estate
1,200 00
7,940 62
1,200 00
ABSTRACT OF STATEMENTS
cxxv
^SESSIONAL PAPER No. 8
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CXXVl
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
Statement showing the Movement of Securities of Canadian Life and Assessment Companies
for the six months ended June 30, 1920 — CorUinued
COLLATERAL LOANS REPAID
Company
By whom paid
Amount
repaid
Description
of
collateral released
Par
value
Market
value
W. G. Morrow
$ cts.
17.538 00
8,152 93
Robt. Simpson Co. Ltd., Stock Pref.
" " Common..
S cts.
200,000 00
50,000 00
5.550 00
$ cts.
150 000 00
Canada Life Staff
75.000 00
5,328 00
None.
None.
25,690 93
255,550 00
230,328 00
13 94
33 02
450 00
Geo. D. Lewis
Manufacturers Life Staff Vic-
46 96
Manufacturers Life
771 26
Monarch Life Staff
2,447 26
427 50
C. S. V. Branch
No collateral released.
A.E. Rea&Co.,5p.c., 1931
Sault au RecoUet, 5 p.c, 1962
271 61
125,000 00
35,, 500 00
3,750 00
334,000 00
50,000 00
75,000 00
S. and C. L. Carsley
293,920 00
47,500 00
52 500 00
Superior Brick Co
by (Estate D. Derbyshire,
guarantor).
Travellers Life Staff
Wood, Gundy & Co
Dom. of Canada War Loan.
164,521 61
459,000 00
393,920 00
Travellers Life
2,318 72
50,000 00
70,000 00
142,000 00
lO.F
47,200 00
18,337 50
191 62
157 40
5,767 68
142,000 00
50.000 00
70,000 00
National Ice and Coal Co. . .
H. H.Beck
Du Vernet Syndicate
New York City District
None.
Deed to 65, 67, 69 Dey St., New York
Union Trust Co
142,000 00
213,654 20
262,000 00
262,000 00
ABSTRACT OF STATEMENTS
CXXVll
SESSIONAL PAPER No. 8
Statement showing the Movement of Securities of Canadian Life and Assessment Companies
for the six months ended June 30, 1920 — Continued
MORTGAGE LOANS
Company
Made
Repaid
Balance,
June 30, 1920
$ cts.
4,045,019 67
4,100 00
S cts.
1,430,148 57
$ cts.
23,768,494 23
70,600 OO'
12,891 18
413,305 41
23,611 65
4,485 75
316,954 29
168,046 45
2,156,415 68
284,672 30
541,030 06
1,681,655 14
66,903 77
1,623,192 90
413,200 74
39,187 50
19,326 65
192,267 81
144,242 34
1,187,791 61
293,646 93
353,929 76
426,371 82
16,626 08
731,533 90
5,173,113 68
508,270 17
359,929 08
2,603,669 27
2,421,791 92
Great West
17,371,894 32
4,857,983 53
3,134,538 19
Manufacturers
11,015,998 49
422,296 30
14,722,881 33
179,442 05
94,412 77
15,632 80
49,506 00
3,433 00
31,002 35
723,811 70
10,000 00
222,537 89
144,623 31
8,811 72
1,600 00
2,007 42
38,524 26
414,902 79
15,000 00
1,709 92
55,756 15
4,313,399 92
1,099,381 76
78,569 28
160,476 73
11,738 17
455,590 63
Sun
7,159,670 07
46,200 00
11,097 95
8,287 65
2,602,522 39
A.O.F.....
Artisans
40,000 00
5,479 21
2,000 00
740,635 36
94.500 00
Commercial Travellers
31,490 00
I.O.F
250.716 72
364,458 75
2,000 00
27,322 50
3,431,196 38
148,508 30
Woodmen
9,700 00
224,882 84
12,745.338 11
0,555,007 63
107,054,211 47
CXXVlll
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
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ABSTRACT OF STATEMENTS
cxxix
SESSIONAL PAPER No. 8
Statements made by Canadian Trustees of Foreign Companies showing the Movement of
Securities held by them in trust for the respective Companies for
the six months ended June 30, 1920.
BONDS AND DEBENTURES RECEIVED
Company
Description of Security.
Par
value
Market
value
London and Scottish
New York Life
Phoenix Assurance . . .
Travelers Insurance.
Municipal securities, 4| p.c
" 5 p.c
School District debs., 4 p.c
" " 5 p.c
Municipal securities, 4J p.c
Dom . of Canada Loan, 5 J p.c
Dom. of Canada War Loan, 5? p.c
Prov. of Ontario, 6 p.c
$ cts
73,470 53
15,000 00
17,000 00
24,000 00
$ cts.
64,276 81
12,900 00
14,620 00
20,550 00
129,470 53
112,846 81
322,000 00
299,460 00
45,000 00
45,000 00
867,000 00
200,000 00
867,000 00
200,000 00
1,067,000 00
1,067,000 00
BONDS. DEBENTURES AND STOCKS RELEASED
London and Scottish
Metropolitan
New York Life
Standard
Travelers
Municipal securities, 4J p.c
" 5 p.c
School District debs., 41 p.c
International and Great Northern Ry., 7 p.c.
Imperial Rolling Stock, 4^ p.c
C. N. R. Equipment Trust Certificates, 43 p.c
Globe Realty Corp. Ltd., 4J p.c
Municipal securities, 4J p.c
Prov. of Manitoba, 4 p.c
Prov. of Ontario, 6 p.c
Municipal securities, 6 p.c
London St. Ry. Co., 5 p.c
Municipal securities, 4 p.c
" 4-42p.c ;
" 4^ p.c
" 5 p.c
" 5j p.c
$ cts
15,000 00
25,283 44
609 00
25,000 00
65,842 44
405,000 00
110,000 00
62,000 00
577,000 00
230,000 00
10,000 00
50,000 00
75,000 00
2,000 00
137,000 00
145,998 00
866 69
354 88
1,578 60
238 78
149,036 95
$ cts.
15,000 00
24,733 44
609 00
25,000 00
65,342 44
392,850 00
110,000 00
57,040 00
559,890 00
213,900 00
8,700 00
50,000 00
74,616 00
1,900 00
135,216 00
143,078 04
866 69
354 88
1,578 60
238 78
146,116 99
MORTGAGE LOANS
Company
Made
Repaid
Balance,
June 30, 1920
London and Scottish
$ cts.
9,000 00
None
None
4,671 90
None
None
None
$ cts.
74,030 96
37,500 00
166,795 18
101,726 84
2,900 00
None
120.997 83
$ cts.
1,467,990 97
4,236,500 00
4 394,976 26
Metropolitan
New York
Phoenix
915,605 16
Standard
765,764 47
State
59,500 00
1,051 323 32
Travelers
13,671 90
508,550 81
12,891.660.;
cxxx
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
Statement showing the Movement of Securities of Canadian Life and" Assessment Companies
for the six months ended December 31, 1920
BONDS AND DEBENTURES PURCHASED
From or through whom
Company.
Description of Security.
Par value.
Price paid.
purchased.
$ cts.
$ cts.
Cftzi&da Life
Dominion of Canada Inscribed
Stock, 3§ p.c. 1938
29,199 99
19,181 48
Dominion Securities Corp.
United Kincdom of Great Britain
and Ireland, 5 p.c, 1922
48,666 66
47,328 33
" "
United Kingdom of Great Britain
and Ireland, 5 p.c. 1923.
228,733 33
220,995 34
" "
243,333 32
231,851 04
Wood, Gundy & Co.
Prov. of Ontario, 3J p.c, 1946
121,666 66
81,455 S3
Dom. Securities Corp.
6 p.c. 1930
31,000 00
80,996 90
" "
1935
42,000 00
39,060 00
Morrow & Jellett.
Prov. of Quebec, 3 p.c, 19.55
24,090 00
11,141 60
Dominion Securities Corp.
4 p.c, 1928
2,920 00
2,415 37
" "
Prov. of Saskatchewan, 4^ p.c, 1954
21,900 00
17,850 68
a «
Prov. of Manitoba, 4 p.c. 1928
2,920 00
2,470 32
" "
Municipal Debs., 3^ p.c
48,666 66
38,125 46
« tt
'* 41 p.c
111,933 33
19,466 66
82,449 35
16,213 78
" "
" 5 p.c
« <i
" 6 p.c
125,000 00
5,333 33
110,727 90
4,802 74
« «
School District debs., 4i p.c
C. H. Burgess & Co.
8 p.c
24,500 00
28,137 59
" "
Rural Telephone Co. Debs., 8 p.c.
31,200 00
33,196 80
" "
" "
10.500 00
11,777 14
W. L. McKinnon & Co.
Accumulation of book values to-
wards par
34,555 20
Can. National Ry., 4 p.c, 1934
(gtd. bv Dom. of Canada)...
1.173,629 94
1,073,732 85
Capital Life....
43,800 00
33,945 00
Wood, Gundy & Co.
Prov. of Manitoba, 4 p.c, 1950
36,500 00
25,915 00
" "
Prov. of Saskatchewan, 4 p.c, 1951
15,232 66
10,597 36
" "
4^ p.c, 1954
64,483 33
47,982 04
" "
Municipal debs., 4,p.e
73,000 00
49,092 59
" "
4^ p.c
4,866 66
61,319 66
3,357 99
45,926 48
it it
" 5 p.c
" "
Accumulation of book values to-
wards par
616 89
Dom. of Canada War Loan, 5j p.c,
1922
299,202 31
217,438 26
CoiMmercial^Ijife
550 00
550 00
Sundry .
Dom. of Canada War Loan, 5| p.c,
1923
250 00
1,950 00
250 00
1,903 00
"
Dom. of Canada Loan. 5j p.c, 1934
"
1,500 00
1,393 12
J. C. Biggs & Co.
'<
700 00
661 50
Ross Alger & Co.
"
650 00
609 42
" and J. C. Biggs & Co.
Dominion of Canada Savings Certs.
50 00
43 34
A. B. Klombies.
Prov. of Alberta. 5 p.c. Savings
Certificates
1,000 00
1,000 00
Prov. Treasurer.
Accumulation of book values to-
wards par
98 96
Dom. of Canada Loan. 5§ p.c, 1984
Prov. of Alberta, 4J p.c, 1948
6,650 00
6,509 34
Confederation Life
305,000 00
7,300 00
305,000 00
5,377 92
Dom. Government.
Wood, Gundy & Co.
Prov. of Ontario, 6 p.c, 1985
125,000 00
116,250 00
Wood, Gundy & Co.
Prov. of Quebec, 3 p.c, 1955
166,702 SO
80,017 33
*'
43,362 00
19,523 60
Dom. Securities Corp.
Prov. of Quebec, 4 p.c, 1928
15,573 33
12,882 26
" "
British Gov. War Bonds, 5 p.c, 1923
64,531 99
60,577 83
Wood, Gundy & Co.
Newfoundland Govt.Bonds.SJ p.c.
1947
24,333 33
6,326 67
14,599 99
9,738 33
4,866 67
50,000 00
33,000 00
15,439 49
3,951 73
10,974 33
7,589 07
8,581 87
47,521 80
38,543 07
Dom. Securities Corp.
Municipal Debs.. 8^ p.c
i< "
" 4 p.c
Kerr, Flemming A: Co.
Wood, Gundy A Co.
" 4J p.c
Dom. Securities Corp.
" 6 p.c
National City Co.
Rural Telephone Co., 7^ p.c
W. L. McKinnon & Co.
St. John Dry Dock & Ship Build-
ing Co., Ltd., 5 2 p.c
91,021 97
85,238 09
W. A. Mackenaie k Co.
961,352 08
807,468 39
ABSTRACT OF STATEMENTS
cxxxi
SESSIONAL PAPER No. 8
Statement showing the Movement of Securities of Canadian Life and Assessment Companies
for the six months ended December 31, 1920 — Continued
BONDS AND DEBENTURES PURCHASED— Confinuerf.
From or through whom
Company.
Description of Security.
Par value.
Price paid.
purchased.
S cts.
S cts.
Continental Life
Dominion of Canada, 51 p.c, War
Loan, 1922
100 00
100 00
W. Barlow
Dom. of Canada, 5^ p.c. War Loan,
1923
50 00
50 00
"
Dom. of Canada, 5^ p.c. War Loan,
1933
65,000 00
61,987 50
C. H. Burgess & Co. a
Watt & Watt.
Dom. of Canada, 5? p.c. loan, 1924
50 00
48 00
G. Burditt.
1934
100 00
96 00
C. S. Paterson.
" "
100 00
94 00
42,257 66
N. R. Bailey.
On a/c SabscriptioD.
Prov. of Ontario, 6 p.c, 1935
""ioo^ooo 00
93,000 00
C. H. Burgess & Co.
Prov. of Saskatchewan, 4 p.c, 1949
13,626 48
8,727 88
Macneill, Graham & C ,
Can. Northern Ry. Co., 4 p.c, 1930
24,333 33
20,468 92
Housser, Wood & Co...
Grand Trunk Pacific Branch Lines
Co., 4 p.c, 1939
48,600 00
87,480 32
Macneill Graham & Co.
Greater Winnipeg Water District,
6 p.e., 1940
15,000 00
9,000 00
13,650 00
7,925 40
United Financial Corp.
Municipal Debs., 5^ p.c
Dom. Securities Corp.
Accumulation of book values to-
wards par
1,134 21
Newfoundland Gov't., 4 p.c, 1930
1959
287,019 89
Crown Life
9,000 00
6,000 00
6,811 20
3,544 20
Morrow & Jellett
Prov. of Manitoba, 4 p.c, 1947. . . .
2,433 30
1,663 89
A. E. Ames & Co.
14,599 99
9,776 15
Kerr, Flemming & Co.
" "
14,600 00
9,319 17
Greenahields & Co.
1949^;;!
973 32
667 57
.\. E. Ames & Co.
11 11
7,800 00
4,759 60
Bell, Gouinlock & Co.
1950! '. '. '.
75,433 32
47,542 17
Canada Bond Corp.
4|p.c, 195J...
6,85X 03
3,905 79
Wood, Gundy & Co.
Prov. of Ontario, 4 p.c, 1939
15,000 00
11,062 50
"
6p.c,19S5
25,009 00
24,562 50
W. A. Mackenzie & Co.
Prov. of Quebec, 4 p.c, 1934
27,258 33
20,681 46
Kerr, Flemming & Co.
Prov. of Saskatchewan, 4 p.c, 1949
55,480 00
35,046 25
Macneill, Graham & Co.
Canadian Northern Ry. Co., 3h P-C.
1961 (Gua. by Dominion of Can.)
27,253 33
14,994 23
W.J. Birkett & Co.
Can. Nortnern Ry. Co., 8^ p.c.
1961 (Gua. by Dom. of Canada)
48,186 12
25,550 48
Bell, Gouiniock & Co.
" "
29,200 00
16,065 84
Canada Bond Corp.
Can. Northern Ry. Co., 4 p.c, 1934
(Gua. bv Dom. of Canada)
49,639 88
36,176 22
Macneill, Graham & Co.
Can. Northern Ry. Co., 4 p.c, 1930
(Gua. by Prov. of Man.)
2,920 00
2,253 07
R. C. Matthews & Co.
"
2,433 33
1,877 56
Canada Bond Corp.
Grand Trunk Pacific, 3 p.c!, 1962. .
24,300 00
13,194 90
C. H. Burgess & Co..
4 p.c, 1962..
48,600 00
33,250 95
Greenshields & Co.
Municipal Debs., 4, p.c
48,666 66
5,840 00
24,333 33
7,978 60
25,000 00
31,725 80
3,732 34
16,442 52
7,248 31
20,592 50
Macneill, Graham & Co.
" 4^ p.c
Camada Bond Corp.
" 5 p.c
" 6 p.c
R. C. Matthews & Co.
School District Debs., 5^ p.c
A. E. Ames & Co.
" 6i p.c
2,400 00
2,253 14
Canada Bond Corp.
16,050 00
5,000 00
15,080 38
4,836 60
Kerr, Flemming & Co.
" 7 p.c
Canada Bond Corporation.
ti
3,000 00
8,50§ 00
2,882 31
8,548 11
Kerr, Flemmiag & Co.
s'p.'c '.'.'.!!.
Rural Telephone Debs., 7i p.c
10,500 00
10,668 31
W. L. McKinnoD & Co.
" 8 p.c
49,100 00
50,126 87
**
78,775 00
20,800 00
83,200 39
20,841 55
Wood, Gundy & Co.
« M
Kerr, Flemming & Co..
Greater Winnipeg Water District,
4J p.c, 1954
20,926 66
13,393 06
Canada Bond Corp.
*
Accumulation of book values to-
wards paT
4,278 84
Prov. of Ontario, 6 p.c, 1935
Municipal Debs., 65 p.c
817,329 20
618.541 68
Dominion Life
100,000 00
10,000 00
325 00
93,000 00
9,728 00
325 00
C. H. Burgess & Cov
W. A. MacKenzie.
School District Debs., 7 p.c
Returned unpaid.
Accumulation of book Talues, to-
wards par
2.113 14
110,325 00
105,166 14
8-1^
CXXXll
DEPARTMENT OF INSURANCE
11 GEORGE V. A. 1921
Statement showing the Movement of Securities of Canadian Life and Assessment Companies
for the six months ended December 31, 1920 — Conlinued
BONDS AND DEBENTURE.S PURCHA.SED— CorKinuerf.
Company.
Description of Security.
Par value.
Price paid.
From or through whom
purchased.
T. Eaton Life
Dom. of Canada Loan, 5i p.c, 1924
1934
Prov. of Alberta, 4 p.c, 4 p.c, 1922
1938
Prov. of Manitoba, 4 p.c, 1947
Prov. of Ontario, 6 p.c, 19.35
Prov. of Quebec, 4 p.c, 1934
Prov. of .Sa.skatchewan, 5J p.c, 1934
6 p.c, 1940
Toronto Grey & Bruce Ry., 4 p.c,
2883
$ cts.
71,9.50 00
14,000 00
$ cts.
71,302 45
13,594 00
T.Eaton Co., Ltd.
85,950 00
84,896 45
15,573 33
11,193 33
5,840 00
30,000 00
15,084 66
17,519 98
50,000 00
34,066 66
25,000 00
24,500 00
14,518 92
8,249 48
3,993 22
27,900 00
11,921 72
16,042 66
47,760 00
20,951 00
20,740 00
25,114 44
1,363 58
Kerr, Flemming & Co.
Can. Debentures Corp.
Kerr, Flemming & Co.
" &A.E.Ames&Co.
A. E. Ames & Co.
Kerr, Flemming & Co.
Rural Telephone Debs., 8 p.c
Accumulation of book values to-
Dom. of Canada Victory Loan,
5i p.c, 1923
228,777 96
198,555 02
Great-West Life
8,000 00
1,000 00
7,840 00
950 00
66,305 93
34,083 35
14,867 20
17,396 45
34,941 81
3,694 49
Dr. P. H. Thorn.
Dom. of Canada Loan, 5j p.c, 1934
Hanneson, McTavish &
" 6 p.c
35,000 00
15,000 00
18,000 00
34,500 00
3,550 00
Freeman (Balance of Ad
vances).
Bell, Gouinlock & Co.
School District Debs., 6 p.c
" 7 p.c
" 8 p.c
Rural Telephone Co. Debs., 7 p.c.
Dom. of Canada Treasury Bonds,
4jp.c, 1825
W. Ross Alger & Co.
W. L. McKinnon&Co.
180,079 23
1,460 00
350,000 00
42,826 66
10,166 46
78,095 40
100,000 00
15,000 00
25,000 00
50,000 00
50,000 00
23,360 00
1,359 10
325,664 39
34,885 11
7,283 61
60,773 08
95,164 14
14,066 10
24,394 62
49,387 50
52,101 37
17,955 52
7,906 61
Dom. Securities Corp
Prov. of Ontario, 6 p.c, 1935
Gov. of Jamaica, 4 p.c, 1934
U U 'I
" 6 p.c
« u "
" 6 p.c
C. H. Burgess & Co.
W. A. Mackenzie & Co.
" 6 p.c
A. E. Ames & Co.
" 6^ p.c
Dom. Securities Corp.
Greater Winnipeg Water District
Debs. 45 p.c, 1954
.Accumulation of book values to-
Dom. of Canada, 5J p.c, Loan, 1934
Canadian Northern Alberta Ry.
Co. 1st Mtge. Deb. Stock, 3J p.c,
1960 (g'td. by Dom. of Canada)
Canadian Northern Ontario Ry.
Co. 1st Mtge. Deb. Stock, 3^ p.c,
1961 (gt'd. by Dom. of Canada).
745,908 52
690,941 15
237,183 10
4,998 67
15,054 11
7,440 40
14,400 07
13,162 89
35,011 04
14,553 90
4,948 63
29,849 92
44,153 55
22,612 07
226 73
18,979 24
Dominion of Canada.
8,030 00
26,766 67
10,000 00
18,980 00
13,958 94
40.000 00
15,000 00
6,000 00
52,000 00
50,000 00
25,000 00
Dom. Securities Corp.
A. E. Ames & Co.
Canada Bond Corp.
" 5 p.c
" 6 p.c
" 6 p.c
" 6 p.c
Brent, Noxon & Co»
Direct from Twp.
School District Debs., 5 p.c
" 6 p.c
Kerr, Flemming & Co.
Bell, Gouinlock & Co.
" 6 p.c
W. A. MacKenzie & Co.
Board of Trustees of R.C. Separate
Schools. Toronto, 5J p.c, 1940
Dj-meat, Anderson & Co.
Coupons returned unpaid.
-Accumulation of book values to-
462,574 32
ABSTRACT OF STATEMENTS
cxxxiu
SESSIONAL PAPER No. 8
Statement showing the Movement of Securities of Canadian Life and Assessment Companies
for the Six Months ended December 31 1920 — Continued
BONDS AND DEBENTURES PURCHASED— Con^nued.
Company.
Description of Security.
Par value.
Price paid.
From or through whom
purchased.
Manufacturers Life.
Monarch Life.
Mutual Life.
National Life.
Dom. of Canada, 5j p.c. Loan, 1934
British Gov. 5 p.c. War Loan, 1947
Municipal Debs 6 p.c.
Accumulation of book values to-
wards par
Dom. of Canada Victory Loan
Bonds
Canadian Northern Western Ry.
4^ p.c, 1942
1943
Canadian Northern Ry., 4 p.c,
1934 Deb. Stock (g'td. by Dom.)
Municipal Debs., 4^ p.c
" 5 p.c
" 6 p.c
8 p.c
School District Debs., 7 p.c
7^ p.c
8 p.c
8 p.c
Rural Telephone Co. Debs., 8 p.c.
8 p.c.
" 8 p.c.
Accumulation of book values to-
wards par
Dom. of Canada Loan, 5^ p.c, 1934
Prov. of Manitoba, 4 p.c, 1947
Prov. of Saskatchewan Reg. Stock
4| p.c, 1954
Prov. of Saskatchewan, 6 p.c, 1940
Municipal Debs., 4 p.c
" 4 p.c
4 p.c
4i p.c
Sj p.c
6 p.c
6p.c
School District Debs., 6ip.c....
7 p.c...
8p.c....
8 p.c...
Sp.c . .
8p.c: .
Rural Telephone Co. Debs., 7 p.c.
8 p.c
Rural Telephone Co. Debs., 8 p.c.
8 p.c.
Hydro-Electric Power Comm., 4
p.c, 1957 (g'td. by Prov. of
Ontario)
Accumulation of book values to
wards par
Prov. of Manitoba Reg. Stock, 4j
p.c, 1953
Prov. of Ontario, 6 p.c, 1935
1935
Prov. of Prince Edward Island,
4 p.c, 1939
Prov. of Quebec, 4 p.c, 1928
Prov. of Saskatchewan, 4 p.c, 1949
" 1949
77,866 67
34,166 67
77,866 66
2,678 60
3,200 00
14,600 00
1,460 00
1,703 33
15,573 31
26,766 53
2,000 00
5,150 00
55,200 00
1,000 00
54,525 00
12,900 00
9,200 00
8,150 00
7,500 00
218,928 17
825,000 00
5,000 00
25,000 00
12,890 49
426,000 00
31,140 66
486 66
111,932 66
14,984 26
41,490 40
200,000 00
25,000 00
9,750 00
7,000 00
15,200 00
16,000 00
35,000 00
6,700 00
17,964 22
287,358 94
284,350 00
2,767 86
711,000 00
3,112,028 15
12,166 66
5,000 00
8,500 00
25,000 00
8,273 33
24,333 33
9,733 33
$ cts.
300,000 00
67,085 24
28,635 92
64,898 61
2,678 60
7,949 84
3,008 98
10,767 50
1,069 45
1,303 05
10,704 39
19,612 63
1,894 60
5,203 35
55,003 80
1,000 00
57,067 81
12,948 85
9,487 68
8,150 00
7,500 00
1,527 55
Dominion Government.
Kerr, Flemming & Co.
Dom. Securities Corp.
Wood, Gundy & Co. and
Dom. Securities Corp.
Conisolidated City Deb.
Arrears.
Various.
Allan Killam & McKay.
W. R. Alger & Co.
W. L. McKinnon & Co.
W. R. Alger & Co.
W. S. Spencer.
W. L. McKinnon. & Co^
Lenora Lake R. T. Co.
Nay & James.
206,249 64
825,000 00 Dom. Gov't.
4,950 00 Alberta College.
18,355 00 Kerr, Flemming & Co.
601 44 A. E. Ames & Co.
961 SO Wood, Gundv & Co.
9 76 Kerr, Flemming & Co.
321 20 A. E. Ames & Co.
293 01 Macneill, Graham & Co.
925 02 A. E. Ames & Co.
469 49 Canada Bond Corp.
935 50 A. E. Ames & Co.
105 00 Harris, Forbes & Co.
335 03 Kerr, Flemming & Co.
727 60 Canada Bond Corp.
782 60 C. H. Burgess & Co.
629 45 Kerr, Flemming & Co.
359 81 Canada Bond Corp.
767 00 Nickle Bros.
044 63 W. L. McKinnon & Co.
086 90
799 82 Kerr, Flemming & Co.
801 70 Wood, Gundy & Co.
429
19
78
10
35
190
24,
9
6
15
16,
36,
6,
17,
294,
292,
499,833 00
6,781 28
2,852,096 04
8,640 76
5,000 00
8,096 25
18,547 50
6,843 70
15,573 33
6,277 02
R. C. Matthews & Co.
Macneill Graham & Co.
United Financial Corp.
Housser, Wood & Co.
United Financial Corp.
Kerr, Flemming & Co.
Truax Higgins & Co.
Macneill, Graham & Co.
CXXXIV
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
Statement Showing the Movement of Securities of Canadian Life and Assessment Companies
for the Six Months ended December 31, 1920 — Cordinued
BONDS AND DEBENTURES PURCHASED— Coniinued.
Companj'.
Description of Security.
Par value.
Price paid.
From or through whom
purchased.
-National Life— Con
Prov. of Saskatchewan Reg. Stock,
4p.c., 1951
% cts.
29,199 63
14,600 00
9,733 33
17,033 33
60,832 50
24,333 33
20.000 00
17,033 33
1,000 00
54,506 66
4,083 95
4,866 66
5,256 00
24,405 33
19,000 00
3,406 66
7,433 33
5.000 00
1,000 00
4,489 36
9,560 54
15,000 00
5,769 43
4,446 23
18,321 13
9,337 75
44.689 71
7,258 12
6,941 87
2,408 77
455 34
5,000 00
5,000 00
7,000 00
5,000 00
19,000 00
$ cts.
20,445 56
9,435 98
9,084 12
10,392 67
34,863 10
14,485 63
14,622 00
13,592 55
745 13
35,172 61
3,516 82
3,576 28
3,867 88
17,171 32
13,759 80
2,328 45
6,016 46
3,475 85
820 10
3,372 57
8,684 01
11,956 50
5,234 98
4,002 02
17,336 11
9,337 75
43,382 26
6,979 41
6.544 04
2,369 98
455 34
4,122 70
,. 4,575 00
6.545 70
4,790 50
13,148 00
9,862 01
Prov. of Saskatchewan, 5f p.c.,1934
Gov. of Newfoundland, 3j p.c, 1951
Canadian Northern Ry., 3J p.c,
1961 (g'td. by Dom. of Canada)
Canadian Northern Ontario Ry.
Reg. Stock 3^ p.c, 1961 (g'td. by
Macneill, Graham & Co.
Bell Gouinlock Co.
Kerr, Flemming & Co.
Housser, Wood & Co.
Southampton Ry., 4 p.c, 1942
(g'td. by Prov. of N.B.)
Housser, Wood & Co.
Dom. Securities Corp.
Wood, Gundy & Co.
" 4 p.c
A. E. Ames & Co.
" 4^ p.c
Macneill, Graham & Co.
Bell, Gouinlock & Co.
Wood, Gundv & Co.
" 5 p.c
Housser, Wood & Co.
" 5^ p.c
Canada Bond Corp.
" 6 p.c
C. H. Burgess & Co.
" 6 p.c
R. C. Matthews & Co.
" 6 p.c
Canada Bond Corp.
" 6 p.c
W. A. MacKenzie & Co.
" 6 p c .
A. E. Ames & Co.
" 6j p.c
A. E. Ames & Co.
To adjust entrj- of Mar. 31,
School District Debs., 5J p.c
City of Toronto R.C. Schools, 5|
p.c, 1940..
1920.
A. E. Ames & Co.
DjTnent, Anderson & Co.
St. John Drj' Dock & Shipbuilding
Co., Ltd.. 5i p.c. 1945 (g'td. by
W. A. MacKenzie & Co.
Greater Winnipeg Water District
6 p.c, 1940.
R. C. Matthews & Co.
Hydro-Electric Power Comm., 4
p.c, 1957 (g'td by Ont.)
Accumulation cf book values to-
Dom. of Canada Loan, 5j p.c, 1934
Prov. of Saskatchewan, 6 p.c, 1940
Canadian Northern Western Reg.
Stock (gtd. by Prov. of Alberta),
4J p.c, 1942
585,408 94
449,049 75
Korth Amecicaa Life.. . . .
262,500 00
50,000 00
38,500 00
36,936 00
4,866 67
18,493 33
5,000 00
38,000 00
18,611 87
25,000 00
262,500 00
47,760 00
28.816 75
28,403 78
3,942 00
14,180 68
4,580 50
37,220 66
18,423 89
23,782 50
Union Bank.
T. S. G. Pepler & Co.
Macneill. Graham & Co.
Grand Trunk Pacific Ry., 4 p.c,
1939 (g'td. by Prov. of Sask.)... .
Morrow & Jellett.
Canada Bond Corp.
" 5J p.c
W. A. Mackenzie & Co.
" 6 p.c
C. H. Burgess & Co.
" 6 p.c
Canada Bond Corp.
" 6 p.c
Harris. Forbes & Co.
Dom. of Canada War Loan, 5J p.c,
1922
495,907 87
469,610 76
100 00
200 00
98 50
194 00
60,000 00
184 00
200 00
99 60
Policyholders.
Dom. of Canada, Victory Loan, 5i
p.c, 1923
Dom. of Canada Loan, 5} p.c, 1934
R. Marsh.
Wood, Gundy & Co.,
200 00
200 00
100 00
Balance of Subscription.
Policyholders.
u
Imperial Oil, Ltd.
i924
Policyholders.
ABSTRACT OF STATEMENTS
CXXXV
SESSIONAL PAPER No. 8
Statement showing the Movement of Securities of Canadian Life and Assessment Companies
for the six Months ended December 31, 1920 — Continued.
BONDS AND DEBENTURES PURCHASED— Continued.
Company.
Description of Security.
Par value.
Price paid.
From or through whom
purchased.
Northern Life — Con.
■Saskatchewan Life.
La, Sauvegarde Life.
Security Life.
Sovereign Life.,
Sun Life.,
Municipal Debs., 4^ p.c
Grand Trunk Pacific Ry., 4 p.c,
1939
Abitibi Power & Paper Co., Ltd.,
6 p.c. 1940
Drummond Apt. Bldgs., 6j p.c,
1927
Accumulation of book values to-
wards par
Dom. of Canada War Loan, 5j p.c,
1922
Dom. of Canada Victory Loan, 5j
p.c, 1923
Dom. of Canada Loan, Sj p.c, 1924
Municipal Debs., 5 p.c
School District Debs., 8 p.c
" 6 p.c
Rural Telephone Co. Debs., 8 p.c.
.Accumulation of book values to
wards par
Dom. of Canada Victory Loan, 5
p.c, 1923
Dom. of Canada Loan, 5J p.c, 1934
Canadian Northern Rj'., 4 p.c, 1934
Dominion Iron & Steel, 5 p.c, 1939
Montreal Tramways, 5 p.c, 1941
Montreal Water & Power Co., 4j
p.c, 1932
Accumulation of book values to
wards par
Dom. of Canada War Loan, 5j p.c,
1922
Dom. of Canada Victory Loan, 5§
p.c, 1923
Dom. of Canada Loan, 5} p.c, 1924
1934
Accumulation of book values to-
wards par
Dom. of Canada Victory Loan,
5j p.c, 1923
1933
Dom. of Canada Loan, 5J p.c, 1934
Canadian Northern Western Ry.
Co. 1st Mtge., 4i p.c. (gtd. by
Prov. of Alta.)
Municipal Debs., 4 p.c
Rural Telephone Co. Debs., 7J p.c.
" 8 p.c...
Accumulation of book values to-
wards par
Dom. of Canada, 3 p.c, 1938
" 3J p.c, 1938
Dom. of Canada War Loan, 5 p.c,
1925
$ cts.
25,000 00
34,020 00
57,000 00
9,000 00
50 00
150 00
100 00
2,4.33 33
3,000 00
25.000 00
1,846 78
32,580 11
100 00
1.000 00
48,666 66
32,606 64
5,000 00
5,839 Q9
93,213 29
500 00
500 00
100 00
500 00
12,000 00
13,600 00
950 00
1,000 00
700 00
5,440 93
8,760 00
9,800 00
51,600 00
78,250 93
44.000 00
68,640 00
1,100 00
$ cts.
10,000 00
26,368 90;
49,590 00
8,550 00
1,912 04
157,196 94
50 00
146 00
• 94 00
1,654 82
2,940 00
25,000 00
1,846 78
108 88
31,840 48
100 00
930 00
36.319 93
22.775 99
4.025 00
4,263 20
6,806 28
75,220 40
500 00
500 00
100 00
500 00
11,125 00
556 89
13,281 89
950 00
1,000 00
665 00
4,998 58
6,168 90
9,953 96
51,851 59
307 69
75,895 72
28,650 71
46,607 59
1,020 25
Canada Bond Corp. Pay-
ment on account.
Wood, Gundy & Co.
Royal Securities Corp.
Policyholder.
Policyholders.
Policyholder.
Nay & James.
F. Rooney & Co.
Direct.
Nay & James.
Le Placement National.
C. C. Smith & Co.
C. C. Smith & Co. and Atlaa
Bond & Sec Corp.
Atlas Bond & Security Corp.
C. C. Smith & Co.
Thos. Wardle.
Thos. McCutcheon.
Thos. Wardle.
A. E. Ames & Co.
Policy & Agency Acct.
Mortgage Account.
Policy & Staff Acct.
W. L. McKinnon & Co.
W. B. Stirling.
W. L. McKinnon & Co.
Buckmaster & Moore.
W. J. O'Hara & Buckmaster
& Moore.
Rec'd. in exch. for St. John
Ry. Co. Bonds.
CXXXVl
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
Statement showing the Movement of Securities of Canadian Life and Assessment Companies
for the Six Months ended December 31, 1920 — Continued.
BONDS AND DEBENTURES TVRCKASEU-Conlinued.
Company.
Description of Security.
Par value.
Price paid.
From or through whom
purchased
Dom. of Canada Loan, 5J p.c, 1934
$ Ct3.
200 00
$ cts.
186 00
2,614,410 09
16,790 00
13,951 72
38,576 72
4,282 66
11,958 12
7,809 10
1,542 07
251 15
33,705 50
15,048 00
180,000 00
8,832 38
147,000 00
22,781 57
269,500 00
56,011 69
25,262 42
3,004 72
71 42
6,286 57
21,871 03
17,181 12
65,923 84
17,413 45
39,646 26
6,822 24
5,997 53
7,241 04
14,832 87
46,530 18
108,740 09
8.206 79
33,215 79
18,164 89
9,180 03
16,139 18
28,224 84
10,281 54
7,471 84
97.934 23
78,871 24
56,623 26
17.428 98
1,611 68
380,260 00
88,350 00
892 55
n. P. Bickley.
Prov. of Manitoba, 4J p.c, 1953. . .
Prov. of Quebec, 3 p.c, 1937
1955
Prov. of Saskatchewan, 51 p.c.
1924/34
24,333 33
22,000 00
85,726 08
4,866 66
18,920 00
13,200 00
2,640 00
440 00
47,960 00
15,048 00
180,000 00
8,000 00
147,000 00
24,500 00
269,500 00
89,400 00
37,947 00
4,298 80
101 20
9,344 52
30,360 00
27,720 00
101,640 00
26,425 99
57,200 00
8,800 00
8,800 00
10,970 00
22,000 00
50,410 95
138,160 00
12,760 00
44,440 00
27,720 00
14,080 00
30,800 00
34,760 00
16,280 00
8,848 23
145,200 00
92,578 20
57,000 00
19,000 00
1,710 00
450 000 00
93,000 00
1,216 66
Truax Higgins & Co.
Buckmaster & Moore,
Wood. Gundy & Co.
Atlas Bond & Security Corp.
Lovell & Co. & W.
O'Hara&Co.
W. J. O'Hara & Co.
Lovell & Co.
Govt, of Newfoundland, 3 J p.c. 1941
1947
1948
" " 1951
4 p.c, 1936
Govt, of Trinidad &Tobago, 6 p.c
1930/49
Govt, of French Republic, 6 p.c,
Trinidad.
" 8 p.c, 1945
Govt, of Bombay, 6^ p.c, 1935 . . .
Govt, of India War Loan, 5 p.c,
1945/55
National City Co.
Bank of Bombay.
6 p.c, 1930. .
Govt, of Argentine, 5 p.c, 1944..
National Bank of India.
Govt, of Argentine, 5 p.c, 1945. . . .
master & Moore.
Buckmaster & Moore.
W. J. O'Hara & Pawle & Co.
Pawle & Co.
W.J. O'Hara&Co.
W. J. O'Hara & Co. &
Lovell & Co.
Hicks & Webber & W. J.
O'Hara & Co.
& Webber. O'Hara & Co.
H. Pawle & Co.
" 4|p.c
Lovell & Co.
" 4i p.c
W J O'Hara & Co.
Lovell & Co.
" 6 p.c
Atlantic and North Western Ry.,
5 p.c, 1937 (leased to C.P.R.)
Can. Nor. Ont. Ry., 3^ p.c, 1938
(gtd. by Prov. of Ont.)
Buckmaster & Moore.
W. J. O'Hara & Buckmaster
Can. Nor. Ont. Ry., 3i p.c, 1961
(Dom. Gtd.)
& Moore.
Can. Nor. Ry.. 4 p.c, 1939 (Gtd.
W. J. 0,Hara&Co.
Can. Nor. Ry., 4 p.c, 1939 (Gtd.
by Alta.)
Can. Nor. Ry.. 3 p.c. 1953 (Gtd.
W. J. O'Hara & Pawle & Co.
Can. Pac Ry. (Algoma Br.). 5 p.c,
1937
Dominion Atlantic Ry., 4 p.c, 1944
(leased to C.P.R.)
Queen Victoria Niagara Falla Park,
4 p.c, 1927 (Gtd. by Prov. of
Ont.)
Vancouver & Districts' Joint
Sewerage & Drainage Board, 4^
p.c. 1954 (Gtd.byProv.ofB.C.)
City of O.saka (Japan)
Caja de Credito Hipotecario. 8 p.c.
Buckmaster & Moore.
Lovell & Co.
W. J. O'Hara & Co.
Hicks & Webber & W. J.
O'Hara & Co.
Sale & Frazer.
J. A. Sanchez & Bernstein.
J. A. Sanchez & F. W. G.
Banco Hipotecario de Chile, 8 p.c.
Abitibi Power & Paper Co., 6 p.c,
1940
Blooriiington & Normal Ry. &
Lt. Co., 8 p.c, 1925
Hale.
To replace bonds redeemed.
Royal Securities Corp.
Illinois Traction Co.
Canada Steamship Lines, 5 p.c,
1943
Buckmajster & Moore.
ABSTRACT OF STATEMENTS
CXXXVll
SESSIONAL PAPER No. 8
Statement showing the Movement of Securities of Canadian Life and Assessment Companies
for the six months ended December 31, 1920 — Continued.
BONDS AND DEBENTURES PURCHASED— Conhnuerf.
From or through whom
Company.
Description of Security.
Par value.
Price paid.
purchased.
$ cts.
$ cts.
Sun Lif e . . — Continued
Can. Nor. Ry. Co., 4 p.c, 1934
(Gtd. by Dominion)
45,746 65
34,075 28
Atlas Bond & Security
Corp., C. C. Smith Co.
Can. Nor. Pac. Ry., 4 p.c, 1950
(Gtd. by B.C.)
36,499 95
20,750 88
O'Hara & Co., Truax, Hig-
gins Co., Atlas Bond and
Security Corp.
Can. Nor. Pac. Ry., 4^ p.c, 1950
(Gtd. by B.C.)
1,459 99
1,224 30
Buckmaster & Moore.
Compania Agricola Carabayllo
(Peru), 7 p.c, 1935
30,000 00
29,979 45
W. R. Grace & Co., Lima.
Danville Champaign & Decatur
'
Ry. & Light Co , 8 p.c, 1925..
222,000 00
210,900 00
Illinois Traction Co.
Des Moines & Central Iowa Elec-
tric Co., 8 p.c, 1925
88,000 00
83,600 00
"
Essex Border Utilities Commission
6 p.c, 1944 to 1948
31,000 00
27,017 86
A. E. Ames & Co.
Grand Trunk Pacific Ry. (Lake
Superior Division) leased Dom.
of Can., 4 p.c, 1955
3,402 00
1,922 13
Truax Higgins Co.
Grand Trunk Pacific Ry. (Prairie
Section), 4 p.c, 1955
4,860 00
2,745 90
C. C. Smith & Co.
Grand Trunk Pacific Ry. (Moun-
tain Section), 4 p.c, 1955
28,188 00
15,926 22
C. C. Smith & Co., Truax
Higgins Co.
Indiana Service Corp., 5 p.c, 1950
67,500 00
1 47,250 00
Rec in exch. for $135,000 Ft.
Wayne & Wabash Valley
(
Ten. Co. bonds.
" 3to6p.c.,2020
67,500 00
J
" "
(Adjust Mtge bonds):
Levis Co. Ry., Receivers' Certs.,
7 p.c, 1921
80,000 00
80,000 00
National Trust Co.
Madison Co., Lt. & Power Co., 8
p.c, 1925
38,000 00
36,100 00
Illinois Traction Co.
Montreal Abattoirs Ltd., 7 p.c,
1939
75,000 00
67,500 00
Montreal Abattoirs, Ltd.
Montreal Water & Power Co., 4|
p.c, 1932
11,193 34
6,606 57
O'Hara & Co.. Crooke & Co
Pacific Gt. Eastern Ry. (Gtd. by
B.C.),4^p.c, 1942
21,651 77
1,000 00
15,336 94
770 00
O'Hara & Co.
Porto Rico Rys. Co., 5 p.c, 1936
II. B. Robinson & Co.
Price Bros. & Co., 5 p.c, 1940
5,840 00
4,818 00
*'
Quincy Rly. Co., 8 p.c, 1925 ....
52,000 00
49,400 00
Illinois Traction Co.
St. Louis, Springfield & Peoria
R.R. (1st Mtge.), 5 p.c, 1939. . . .
1,070,000 00
908,754 74
Rec in exch. for like amt.
Gen. Mtg. Bonds from
Illinois Traction Company
Toronto Paper Mfg. Co., 6 p.c, 1942
1,000 00
910 00
H. B. Robinson & Co.
Topeka Ry. & Light Co., 8 p.c.
1925
32,000 00
30,400 00
Illinois Traction Co.
Commission paid on bonds pre-
viously purchased
46
.Accumulation of book values to-
wards par
49,420 12
6,484,005 79
Travellers Life
Prov. of Ontario, 6 p.c, 1935
15,000 00
5,000 00
14,151 00
4,650 00
Dom. Securities Corp.
Harris Forbes & Co.
Can. Nor. Ont. Ry. Deb. Stock,
3^ p.c, 1961 (gtd. by Dom. of
Canada
97,332 00
10,000 00
54,797 92
9,717 00
Greenshield & Co.
.Municipal Debs., 6 p.c
Harris, Forbes & Co.
Accumulation of book values to-
wards par
566 49
Municipal Debs., 6 p.c
127,332 00
83,882 41
Western Life
5,444 18
9,000 00
4,842 35
9,137 43
E. Brown & Co.
School District Debs., 8 p.c
W. Ross Alger & Co.
14,444 18
13,979 78
CXXXVlll
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
Statement showing the Movement of Securities of Canadian Life and Assessment Companies
for the six months ended December 31, 1920 — Continued.
BONDS AND DEBENTURES PURCHASED— Con/inaed.
Company.
Description of Security.
Par value.
Price paid.
From or through whom
purchased.
Alliance Nationale
Dom. of Canada Victory Loan,
Sip.c, 1933
Dom. of Canada Loan, 5i p.c, 1934
Municipal Dobs., 5 p.c
School of Leon de Westmount, 5|
p.c, 1960
$ cts.
25,000 00
32,000 00
31,000 00
34,533 33
35,000 00
$ cts.
25,000 00
29,760 00
28,566 25
27,568 69
31,158 21
Banque d'Hochelaga.
The National City Co.
L. G. Beaubien&Co.
Harris, Forbes & Co.
Sch. of St. Leon de West-
Municipal Debs., 5 p.c
mount.
157,533 33
142,053 15
A.O.F
4,604 99
19,882 32
3,000 00
10,000 00
320 00
4,287 21
19,580 .52
3,000 00
9,075 00
320 00
368 16
C. H. Burgess & Co.
" 6 p.c
e^p.c
R.C. Separate Sch., Toronto, 5j
p.c, 1940
Municipal Debs.
Returned coupons.
Accumulation of book values to-
Grand Trunk Pacific Ry., 4 p.c,
1939
1962
Municipal Debs., 3? p.c
37,807 31
36,630 89
Lea Artisans
972 00
1,944 00
5,840 00
12,896 63
14,600 00
320,226 59
7,786 66
16,741 33
21,000 00
14,113 26
78,373 28
4,866 66
5,000 00
102,200 00
801 41
1,469 66
4,139 39
10,686 45
11,509 18
258,006 95
5,928 43
12,241 65
16,279 20
12,571 65
68,027 60
4,866 66
4,800 00
99,334 19
Est. B. M. O'Turgeon.
D. W. & A. E Brunet
X
" 4 p.c. . .
Dom. Securities Corp.
D. W. & A. E. Brunet
" 4^ p.c
" i\ p.c.
United Financial Corp.
Dom. Securities Corp.
" 4| p.c
" 5 p.c.
D. W. & A E Brunet
" 5 p.c
" 6 p.c
School Commissioners, City of
Grand Mere, Que., 6 p.c. . .
Rene T. Leclerc.
Dominion of Canada Loan, 5i p.c,
1934
606,560 41
510,662 42
C.M.B.A
10,000 00
10,000 00
29,000 00
25,000 00
20,000 00
20,000 00
9,518 49
9,530 55
22,084 14
23,286 70
19,133 56
18,819 72
345 13
United Financial Corp.
Capital Trusts Corp.
H. B. Robinson & Co.
" 6 p.c
Bond & Debenture Corp.
Wood, Gundy & Co.
.4. E. Ames & Co.
Essex Border Utilities Commis-
sion, 6 p.c
Accumulation of book values to-
Accumulation of book values to-
wards par
114,000 00
102,718 29
Commercial Travellers
204 00
Dom. of Canada Loan, 5} p.c, 1934
Prov. of Ont. Annuities, 4 p.c, 1944
I.O.F
135,000 00
135,000 00
1,388 26
24,708 30
23,880 00
17 04
80,875 45
34,200 00
349,000 00
7,500 00
Dom. Govt.
30,000 00
25,000 00
" 6 p.c
Dom. Securities Corp.
Michigan United Rys. Co., Ist
Ref., 5 p.c, 1936
125,000 00
36,000 00
349,000 00
Windsor, Essex & Lake Shore Rapid
Ry. Equip. Trust Certfs., 6 p.c,
1930 to 36.
Bank.
Company.
Exchange.
Company Reorganization.
Andrews Manufacturing Co., 1st
Mtge., 6 p.c, 1933
Cutler Mail Chute Co. (Maine),
Coll. Trust, 6 p.c, 1924
ABSTRACT OF STATEMENTS
CXXXIX
SESSIONAL PAPER No. 8
Statement showing the Movement of Securities of Canadian Life and Assessment Companies
for the six months ended December 31, 1920 — Continued.
BONDS AND DEBENTURES PURCHASED— ConcZuded.
Company.
Description of Security.
Par value.
Price paid.
From or through whom
purchased.
I.O.F,— Con
Cutler Mail Chute Co. ^Delaware)
Coll. Trust Sinking Fund, 5 and
6p.c., 1936
New York Steam Co. Certfs. of
Indebtness, G p.c, 1921
" " 7 p.c...
Union Water Development Co.
(Nevada) Coll. Trust, 7 p.c, 1936
$ cts.
280,000 00
50,000 00
6,000 00
12,000 00
$ cts.
279,750 00
49,500 00
6,000 00
11,400 00
Company reorganization.
Guaranty Trust Co., N.Y.
N.Y. Steam Co.
Company.
1,003,219 05
5,000 00
11,000 00
5,000 00
4,034 00
10,633 70
4,375 00
6 p.c
Abitibi Power & Paper Gen. Mtg.
Bds., 6 p.c, 1940
Dom. of Canada Loan, 5| p.c, 1934
Prov. of Ontario, 6 p.c, 1930
Hydro Electric Power Comm.,
4 p.c, 1957 (gt'dby Ont.)
Accumulation of book values to-
Harris, Forbes & Co.
Royal Securities Corp.
21,000 00
19,042 70
Woodmen of the World
10,000 00
25.000 00
9.000 00
9,415 21
25,267 06
6,241 04
467 30
Wood, Gundy & Co.
R. C. Matthews & Co.
44,000 00
41,390 61
cxl
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 192V
Statement showing the Movement of Securities of Canadian Life and Assessment Companies-
for the six months ended December 31, 1920 — Continued
STOCKS PURCHASED.
Company.
Description of Stocks.
Dividends
paid in
Par
Value.
Price
Paid.
From or through
whom purchased.
1917
1918
1919
Bank of Hamilton
12
10
10
12
12
12
12
12
10
12
10
11
12
12
12
12
12
11
12
10
12
12
12
12
12
12
12
S cts.
3,700 00
146,600 00
17,200 00
$ cts.
5,550 00
219,900 00
30,100 00
Direct.
" (Bal. of payts.)
Toronto General Trust Corp.
Direct.
167,500 00
255,550 00
Confederation Life
11,400 00
11,400 00
AUottment.
11,400 00
11,400 00
Manufacturers' Life
8,300 00
12,450 00
Allottment.
Royal Bank of Canada
8,300 00
12,450 00
15,700 00
5,000 00
31,545 00
9,500 00
Royal Bank.
United Financial Corp..
20,700 00
41,045 00
North American Life. . . .
15,200 00
12,800 00
22,800 00
22,400 00
Allottment.
Toronto Gen. Trust Corp
Preferred—
Adirondack Pr. & Lt. Corp.
Bloomington & Normal Ry. &
Lt. Co
(1st inst.).
28,000 00
45,200 00
114,000 00
166,100 00
20,000 00
25,000 00
385,000 00
150,000 00
10,400 00
3,600 00
54,000 00
142,500 00
14,200 00
27,000 00
12,300 00
85,500 00
684,000 00
154,000 00
82,600 00
135,579 78
17,960 84
19,510 72
323,299 88
131,694 37
9,017 71
3,180 48
47,409 97
Rec'd. in exch. for \\k»
6
7
6
6
7
7
7
7
6
7
6
6
7
7
7
7
6
7
6
6
7
7
7
7
amt. pref. stock, Adir-
ondack Electric Pr.
Corp.
S86,000 rec'd. Ln exch.
for like par value of
Dan. Cham. & Dec.
Rv. & Lt. Co. Bonds,
and §80,100 purchased
from 111. Traction Co.
O'Brien & Williams.
Canadian Cottons, Ltd
Danville, Champaign & Deca-
tar Ry. & Lt. Co. .
R. Moat & Co.
§270,000 rec'd. in exch.
Des Moines and Central Iowa
Electric Co.
for like par value of
Dan. Cham. & Dec.
Ry. and Lt. Co. Bonds
and $115,000 purchased
from 111. Traction Co.
Rec'd. in exch. for like
amt. Dan. Cham. &
Dec. Ry. & Lt. Co.
Bonds.
O'Brien & Williams.
International Milling Co
Madison Co. Lt. & Power Co. .
Truax, Higgins Co.
Rec'd. in exch. for Dan.
Cham. & Dec. Ry. &
Lt. Co. Bonds for lik&
amount.
Rec'd. from Co. in part
Ogilvie Flour Mills Co
Riordon Pulp & Paper Co
St. Lawrence Flour Mills Co.
Common —
Adirondack Power & Light
Corp.
7
7
7
7
7
7
7
7
7
14,304 79
24,366 01
11,499 12
exch. for Montreal
Abattoirs, Ltd., bonds
under reorganization
plan.
McCuaig Bros.
H. C. Scott & Co.
Rec'd. in exch. for $171,
6
444,018 52
000 par value Adiron-
dack Electric Power
Corp. Com. Stock.
Rec'd. in exch. for $228,.
000 Com. Stock of the
Old Laurentide Co.
Rec'd from Montreal
Abattoirs, Ltd., under
reorganization plan.
ABSTRACT OF STATEMENTS
cxli
SESSIONAL PAPER No. 8
Statement showing the Movement of Securities of Canadian Life and Assessment Companies
for the six months ended December 31, 1920 — Continued
STOCKS PURCHASBD— Concluded.
Company.
Description of Stocks.
Dividends
paid in.
Par value.
Price paid.
From or through
whom purchased.
1917
1918
1919
Montreal Light, Heat & Power
Co
15
S cts.
66 67
112,500 00
50,000 00
$ cts.
160 75
Montreal Trust Co.
Rec'd. in exch. for $75,-
Toronto General Trusts Corp.
Amount written on for nominal
book value of securities
transferred from Contingent
10
11
12
18,750 00
29 90
OOOStk.of KipewaCo.
under reorganization
plan.
Toronto General Trusts
Corp., 1st Inst.
Cutler Mail Chute Co., of N.Y.
2,210,166 67
1,283,382 84
10 F
24,300 00
4,866 66
50,416 67
1,050 00
Investment Registry (London,
Eng.), Pref
Lincoln Traction Co., of Ne-
7
7
7
4,866 66
329,900 00
700,00
acct. reorganization.
Special Contingent Fund
Royal Bank of Canada
Shawinigan Water & Power
Co
12
12
7
12
Co.
Royal Bank.
335,466 66
80,633 33
2,500 00
2,756 25
2,500 00
2,756 25
cxlii
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
Statement showing the Movement of Securities of Canadian Life and Assessment Companies
for the six months ended December 31, 1920 — Continued.
BONDS, DEBENTURES AND STOCKS SOLD OR MATURED.
Company.
Description of Security.
Par value.
Value in
Account.
Price or
other consi-
deration
received.
To whom sold.
$ cts.
S cts.
568 85
49,254 17
49.313 33
85,788 35
96,079 67
96,773 76
49,260 50
100,000 00
17,438 85
20,944 70
75,052 85
10,000 00
20,000 00
9,838 39
40,260 00
28,404 37
2,759 34
52,040 02
29,605 00
17,230 05
6,000 00
20.000 00
25.000 00
2,000 00
43,000 00
3,850 57
S cts.
Prov. of Manitoba, 6 p.c, 1928...
6 p.c. 1928
Prov. of Saskatchewan. 5 p.c,
1932
6 p.c, 1938
Prov. of Alberta. 6 p.c. 1928
Prov. of New Brunswick, 6 p.c,
1928
1938
" 6 p.c, 1937
Prov. of Saskatchewan, 6 p.c,
1948
50,000 00
50,000 00
100,000 00
100,000 00
100,000 00
50,000 00
100,000 00
19,500 00
21,800 00
51.437 50
51.375 00
90,250 00
99,250 00
102,000 00
51,000 00
102,500 00
17.438 85
21,465 00
"lOiOOO 00
20,000 00
8,838 39
40,260 00
Dom . Securities Corp.
C. H. Burgess & Co.
Dom. Securities Corp.
A. E. Ames & Co.
Brent. Noxon & Co.
C. H. Bnrgess & Co.
Morrow & Jellett.
10,000 00
20,000 00
10,000 00
40.000 00
C. H. Burgess & Co.
W. L. McKinnon & Co.
". . 5|p.c
C. H. Burgess & Co.
Rural Telephone Co., Deba
«
Winnipeg, Selkirk & L. Winnipeg
Rv.. 5 p.c, 1925
Toronto Ry. Co., 4^ p.c, MSI.. .
Ottawa Electric Ry. Co.. 4 p.c,
1922
31,000 00
17,033 33
6,000 00
20.000 00
25,000 00
2,000 00
29.806 50
17,033 33
8,000 00
20,000 00
25,000 00
2,100 00
Dom. Securities Corp.
Redeemed.
Petrolia Utilities, 6 p.c. 1020....
Western Canada Flour Mills. 6
p.c, 19S1
Provincial Light, He&t & Power
Co., 5 p.c, 1946
Redeemed.
Written off during half-yr.
.\mortiaation of book values
Stocks—
950,452 97
100 00
194 57
194 57
A. E. Amee & Co.
100 00
194 57
194 57
1,070 85
350 00
100,000 00
94,770 00
28,000 00
5,000 00
10,000 00
1,045 47
349 68
111,122 16
71,646 12
21,195 45
5,055 15
7,719 00
264 82
Matured.
United Kingdom of Gt. Britain
and Ireland, 5^ p.c, 19S7
Grand Trunk Pacific Ry., 4 p.c,
1962 (g'td. by Dom. of Can.)..
•Municipal Debs., 5 p.c
Prov. of Sa.«katchewan Bonds,
6 p.c
111,122 16
71,646 12
21,195 45
5.055 15
7.719 00
Wood. Gundy & Co.
Hydro Electric Power Com. (g'td
by Ont.) 4 p.c, 1957
Amortization of book values
a
Prov. of Alberta Savings Certfs.,
239,190 85
218,897 85
Commercial Life
2,000 00
75 00
2,000 00
75 00
2,000 00
75 00
Prov. Treasurer.
School Dist. Debs
Matured.
2.075 00
2,075 00
2,075 00
87,067 10
80,113 35
9,367 OS
858 00
4,674 83
87,211 72
30,036 90
9,566 37
858 00
4,674 83
2,549 06
87,281 01
W. A. MaoKenzie 4 Co .
"
Dominion Realty Co., Ltd
Amortization of book values
«
182,080 36
134,896 88
ABSTRACT OF STATEMENTS
cxliii
SESSIONAL PAPER No. 8
Statement showing the Movement of Securities of Canadian Life and Assessment Companies
for the six months ended December 31, 1920 — Continued.
BONDS. DEBENTURES AND STOCKS SOLD OR MATURED— Continued
Company.
Description of Security.
Par value.
Value in
Account.
Price or
other consi
deration
received.
To whom sold.
Continental Life.
Crown Life.
Dominion Life.,
Excelsior Life.,
Dominion of Canada Loan, 5§
p.c, 1934
Prov. of Ontario, 6 p.c, 1935
" 6p.c., 1935 .
Can. Nor. Ry. Co., 4 p.c, 1930..
London & Lake Erie Ry. &
Transportation Co
$ cts.
37,000 00
50,000 00
50,000 00
24,333 33
Municipal Debs., 4 p.c
" 4^ p.c
" 5 p.c
" 5^ p.c
" 6 p.c
Amortization of book values
towards par
London & Lake Erie Ry. &
Transportation Co
490 96
444 13
3,521 07
200 00
318 36
$ cts.
37,000 00
46,500 00
46,500 00
20,468 92
4,800 00
466 90
444 13
3,261 37
187 70
348 73
36 77
20,400 00
$ cts.
37,000 00
47,750 00
47,500 00
20,683 32
466 90
444 13
,261 37
187 70
343 73
180,414 52
Dom. of Canada Victory Loan,
5ip.c, 19S3
Prov. of British Columbia, 5p.c.,
19S9
Prov. of British Columbia, 51
p.c, 1939
Prov. of Alb»rta, 4 p.c, 1922 . .
Govt, of Newfoundland, 5i p.c,
1989
London & Lake Erie Ry. &
Transportation Co
Grand Trunk Pacific Ry. Co.,
3 p.c, 1962
Oatario Power Co., 5 p.c, 1943. .
Municipal Debs., 4 p.c
Municipal Debs., 5 p.c
" 5i p.c
" 5| p.c
" 6 p.c
" 6 p.c
School Districts Debs
Rural Telephone Co., Debs
.'Vmortization of book values
towards par
110,000 00
65,000 00
15,000 00
25,000 OO
25,000 00
15,000 00
31,000 00
15,000 06
28,360 00
35,006 00
1,240 00
24,300 00
5,000 00
48,666 66
615 61
500 00
10,000 00
10,000 00
244,66
3,521 OS
227 19
110,000 00
65,000 00
15,000 00
25,000 00
25,000 00
13,469 00
81,000 00
15,000 00
21,792 09
33,401 87
1,240 00
13,194
4,933 55
31,725 80
490 15
486 44
9,011 25
9,350 73
271 47
3,541 69
233 89
70 78
108,350 00
64,025 00
14,755 00
24,625 00
25,000 eo
13,469 00
30,094 00
14,319 00
21,792 09
83,401 87
1,240 00
13,680
4,650
83,180
490
486
9,174
9,667
271
3,541
233
468,675 20
429,213 61
426,447 62
Dom. of Canada Victory Loan,
5^ p.c, 1933
Dom. of Canada Loan, 5j p.c,
1934
" 5i p.c, 1934
Dom. of Canada Victory Loan,
5ip.c., 1937
Municipal Debs
School District Debs
Canadian Realty Corp., Ltd. . , .
Montreal Tramwav & Power Co.
6i p.c, 1924
Amortization of book values
towards par
100,000 00
50,000 00
3,500 00
150,000 00
2,862 73
195 42
1,000 00
10,000 00
100,000 00
50,000 00
3,500 00
150,000 00
2,862 73
195 42
1,000 00
10,000 00
67 06
98,375 00
45,375 00
147,624 00
10,000 00
317,558 15
317,625 21
Macneill, Graham & Co.
Wood, Gundy & Co.
C. H. Burgess & Co.
Amt. rec'd. and credited
to principal.
Matured.
Prov. of British Columbia, 5 p.c,
1928
Prov. of Alberta, 4 p.c!, 1922! '. '.
Prov. of Saskatchewan, 6 p.c,
1988
Prov. of Ontario, 6 p.c, 1935. . . .
5,000 00
15,573 33
25,000 00
5,000 00
4,455 00
14,518 92
24,155 00
4,650 00
Written off.
Wood, Gundy & Co.
Dom. Securities Corp.
Canada Bond Corp.
Kerr, Flemming & Co.
W. A. MacKenzie & Co.
Wood, Gundy & Co.
Dom. Securities Corp.
Macneill, Graham & Cck.
Wood, Gundy & Co.
Matured.
Macneill, Graham & Co.
H. A. Colson.
Macneill, Graham & Co.
Matured.
Canada Bond Corp.
Matured.
Wood, Gundy & Co.
Hilliard Club.
Wood, Gundy & Co
Redeemed.
W. A. MacKenzie & Co.
Kerr, Flemming & Co
4,650 00
14,518 92
25,000 00 A. E. Ames & Co.
4,650 00 Jos. Wright.
cxliv
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
Statement showing the Movement of Securities of Canadian Life and Assessment Companies
for the six months ended December 31, 1920 — Continued.
BONDS, DEBENTURES AND STOCKS SOLD OR MATV RKD-Continued.
Company.
Description of Security.
Par value.
Value in
Account.
Price or
other consi-
deration
received.
To whom sold.
Excelsbr Life— Con. ..
Govt, of Newfoundland, 6| p.c,
1928
$ cts.
5,000 00
780 62
30,000 00
$ cts.
5.000 00
780 62
28,638 50
$ cts.
5,225 00
780 62
28,965 00
Kerr. Flemming & Co.
A. E. Ames & Co.
Dom. of Canada Victory Loan,
SJp.c. 1933
Dom. of Canada Loan, 5J p.c,
1934 ...
86,353 95
82,198 04
83,789 54
■Great West Life
50,000 00
12,250 00
100,000 00
100,000 00
4,000 00
1,999 95
28,022 63
25,394 67
6,839 51
50,000 00
12.250 00
100,000 00
100,000 00
4,000 00
1,909 95
27,977 70
25,987 20
6,639 45
49, 250 00
12,250 00
100,000 00
100,000 00
4,000 00
1,999 95
27,977 70
25,987 20
6,639 45
W.Ross Alger & Co.
G. W. L., Victory Loan
Dom. of Canada Victory Loan,
5J p.c, 1937...
Club.
J. A. Thompson & Co.
Canadian Realty Corp
Baird & Botterell.
Redeemed.
Dominion Realty Co., Ltd
Municipal Debs
<•
Rural Telephone Co. Debs
Stocks—
Toronto General Trust
Union Pacific-Common
"
328,506 76
328,854 30
328, 104 30
^
2,000 00
20,000 00
3,700 00
25.050 00
4,063 63
28,180 93
288 52
Osier, Hammond & Nan-
ton.
Toronto General Trust
Profit OH sal* of rights.
Prov. of Ontario, 5i p.c, 1929. .
Prov. of Saskatchewan, 5 p.c,
1925
1932
Gordon, Ironside & Fares Co.,
Ltd., S p.c. ..
22.000 00
28,750 00
32,533 08
50,000 00
50,000 00
• 50,000 00
50,000 00
50,000 00
25,000 00
29,837 10
150 00
20,490 77
1,000 00
2,200 00
48.797 03
48.797 00
47,822 61
42,929 33
50,000 00
25,000 00
29,425 15
141 30
20,490 77
2,813 70
235 64
56,971 49
15.717 77
50,350 00
50,250 00
48,875 00
45,625 00
46,000 00
26,312 50
A. E. Ames & Co.
Dom. Securities Corp.
Municipal Debs
It «
Matured.
School District Debs
Corporation Debs
«
Dom. of Canada Victory Loan,
55 p.c. 1923 and 1833
Imperial Life Staff.
Dom. of Canada Loan, 5J p.c,
1924 and 34
Russian Govt. & Prince Albert
Bonds
Amt. written off.
Amortization of book values
Municipal Debs .
389,141 79
London Life
10,000 00
27,629 78
2,128 08
1,837 43
9.709 70
28,043 94
1,976 56
1,837 43
3.878 00
202 56
9.722 61
Canada Bond Corp., Ltd.
School Districts Debs ..
The Dominion Realty Co., Ltd.,
1st Mtge. Bonds, 6 p.c, 1920...
5.000 00
Written down.
Amortization of book values
Dom. of Canada Loan, 5i p.c,
1934
41,595 29
43,648 79
Manufacturers Life
10,000 00
4.000 00
50,724 09
67.445 15
4.001 82
3,782 30
10,000 00
4.000 00
50,034 47
66.925 80
4.001 82
4,208 44
896 90
6.146 17
10,000 00
4.000 00
J. A. Tocker.
A. Darragh.
Matured.
«
Rural Telephone Co. Debs
«
«
C.P.R. Investment Fund Certfs.
6 p.c, 1924
6,760 00
7,149 97
Wood. Gundy & Co.
ABSTRACT OF STATEMENTS
cxlv
SESSIONAL PAPER No. 8
Statement showing the Movement of Securities of Canadian Life and Assessment Companies
for the six months ended December 31, 1920 — Continued.
BONDS, DEBENTURES AND STOCKS SOLD OR UATUREB— Continued.
Company.
Manufacturers Life.-
Con
Monarch Life.,
Mutual Life.
National Life .
Description oi Sei litv.
Par value.
Stocks —
C.P.R. Storl.-
Bank of Montreal Stock.
Toronto General Ti ists Corp .
Bank of Hai'.ilton Stock.. .
Chiiago, North Shore & Mil-
waukee RIy
$ cts.
.-viiiu: uization of book values
^ v/ards par
dcurities written down
Dom. of Canada Loan, 5j p.c,
1934
Dom. of Ca-iada Victory Bonds,
5| p.c
Municipal Debs
School Districts Debs
Rural Telephone Co. Debs
Amortization of book values
towards par
Dom. of Canada Loan, 5| p.c,
1934
Dom. of Canada Victory Loan,
5^ p.c, 1937
United Kingdom of Great Brit-
ain and Ireland, 5j p.c, 1937...
Prov. of Saskatchewan 5 p.c,
19b2
Toronto Harbour Commissioners
4ip.c., 1953
Government Debs.
Municipal Debs. . . .
R. C. Sep. School, Rainy River
School District Debs
Rural Telephone Co. Debs.. .
Dominion Realty Co., Ltd...
Sundry Debs
Amortization of book values
towards par
Dom. of Canada Loan, 5J p.c,
1934
Prov. of British Columbia, 5 p.c,
Prov. of Alberta, 4 p.c
Prov. of Saskatchewan, 6 p.c
Prov. of Nova Scotia, 5 p.c
Hydro-Electric Power Comm.,
4 p.c, (gtd. by Ont.)
Municipal Debs
School Districts Debs
Amortization of book values
towards par
100,00 00
10,500 00
7,600 00
28,000 00
6,600 00
50,000 00
150,000 00
500,000 00
100,000 00
30,000 00
90,000 00
2,181 34
394,023 27
51,611 10
229 30
1,166 64
50,603 59
9,911 84
6,012 72
60,000 00
59,000 00
5,000 00
12,653 31
8,000 00
5,000 00
38,000 00
69,564 98
2,941 38
60,006 66
53,599 77
3,640 45
377,406 55
Value in
Account.
S cts.
1,003 80
9 32
18 75
5 64
1,206 14
665 55
49,279 89
.198,402 69
100,000 00
220 00
3,617 79
5,090 77
3,991 58
183 79
113,103 93
10,200 82
7,
26,
6,
49,
150,
500,
89,
24,
73,
1,
393,
51,
1,
50
12,
6,
383 45
729 50
411 94
048 22
000 00
000 00
775 01
482 68
448 05
783 90
702 82
055 70
229 30
166 64
489 32
424 60
012 72
139 33
1,042 74
1,503,526 74
60,000 00
59,000 00
4,516 00
12,063 90
8,000 00
4,761 00
26,218 00
53,048 46
2,931 54
46,033 40
52,790 90
3,588 57
476 37
333,428 14
Price or
other consi-
deration
received .
S cts.
9 32
18 75
5 64
1,206 14
99,000 00
220 00
10,200 82
7,383 45
27,242 38
6,411 94
49,048 22
150,000 00
500,000 00
89,775 01
24.482 68
73.483 61
393,702 82
1,166 64
60,000 00
59,000 00
4,662 50
12,155 56
8,000 00
4,945 00
27,637 00
54,583 24
2,941 38
47,258 34
T j whom sold.
Written down.
Written down re sale of
fractional shares.
Written down re sale of
rights.
Written down re sale of
fractional shares.
Written ilown re Inteiest
on Preferred Dividend.
W. Ross Alger & Co.
Staff.
Matured.
S. B. Green.
Thos. Jones.
Kerr, Flemming & Co.
C. E. Edwards.
Photo Engravers Co.
A. E. Ames & Co.
R. C. Matthews & Co.
Macneill, Graham <fe Co.
Housser, Wood & Co.
A. E. Ames & (./O-
Matured.
Wood, Gundy & Co.
Matured.
Wood, Gundy & Co.
Matured.
Written down.
Housser, Wood & Co.
Canada Bond Corp.
Macneill, Graham & Co.
Housser, Wood & Co.
Macneill, Graham & Co.
R. C. Matthews & Co.
Housser, Wood & Co.
Matured.
cxlvi
DEPARTMENT OF INSLRANCE
11 GEORGE V, A. 1921
Statement showing the Movement of Securities of Canadian Life and Assessment Companies
for the six months ended December 31, 1920 — Continued.
BONDS, DEBENTURES AND STOCKS SOLD OR MATURED— Continuei
Company.
Description of Security.
Par value.
Value in
Account.
Price or
other consi-
deration
received.
To whom sold.
North American Life...
Dom . of Canada War Loan, 5 p.c.
1931
$ cts.
46,000 00
5,000 00
38,000 00
33,000 00
1,000 00
1,000 00
9,000 00
23,500 00
8,940 47
5,000 00
$ cts.
44,850 00
4,875 00
37,050 00
32,175 00
1,050 00
1,000 00
9,000 00
23,500 00
8,940 47
5,000 00
955 19
$ cts.
44,850 00
4,875 00
37,050 00
32,175 00
Prov. Light, Heat & Power Co.,
5p.c
Hamilton St. Ry., ii p.c, 1928
Lake Commerce Ltd. ,6 p.c
Montreal Trans. Co., Ltd., 6 p.c.
W. A. MacKenzie Co.
C. H. Burgess & Co.
Canada Bond Corp.
Redeemed.
"
Toronto Ry. Co ....
"
Amortization of book values
Dom. of Canada Victorj- Loan,
Sip.c, 1937
170,440 47
168,395 66
50,000 00
5,785 29
121 74
50,000 00
5,656 00
136 49
3,760 00
55,000 00
129 75
49,000 00
Royal Sec. Corp.
Matured.
School Districts Debs
3,760 00
London & Lake Erie Ry
Sale of Assets.
Charged through Contin-
Amortization of book values
gent Reserve.
Dom. of Canada Loan, 51 p.c,
1934
Sask. Farm Loan Debs., 5 p.c,
1927
Municipal Debs
114,682 24
Saskatchewan Life
50 00
5,000 00
757 00
2,811 02
181 09
50 00
5,000 00
757 00
2,846 34
201 22
50 00
5,000 00
H. O. StafT.
Prov. Govt., Sask.
Matured.
School District Debs
Rural Telephone Co. Debs
Municipal Debs...
"
8,799 11
8,854 56
La Sauvegarde Life
299 00
1 67
Annuity paid.
Amortization of book values
towards par
Amortization of book values
towards par
300 67
24 14
Pacific Great Eastern R., 1st
Mtge. Deb. Stock, 4J p.c, 1942
Municipal Debs.
24 14
486 67
5,000 0,0
1,477 51
83 64
350 40
5,000 00
1,472 89
92 95
97 87
350 40
5,000 00
Allan, Killam & McKay.
W. L. McKinnon & Co.
Matured.
Rural Telephone, Co. Debs
.Amortization of book values
Dom. of Canada War Loan, 5i
p.c, 1933
7,047 82
7,014 11
Sun Life
550,000 00
102,680 00
500 00
30,715 00
16,720 00
6,000 00
100,000 00
4,176 77
15,000 00
550,000 00
89,999 00
458 20
28,160 72
9,649 90
5,514 69
99,332 38
4,176 77
15,067 00
534,250 00
89,999 00
500 00
30,715 00
9,649 87
5,504 40
104,920 22
4,176 77
14,400 00
Royal Sec. Corp.
Govt, of French Republic, 5 p.c,
1931
Surrender in part payment
Republic of Cuba, 5 p.c, 1931....
Japanese Municipal Debs
Municipal Debs
of 6 p.c. perpetual Loan.
Redeemed.
Lovell&Co.
Royal Trust Co. for Sink-
.,
ing Fund.
Rutter & Co., N.Y.
"
Redeemed.
"
Sold to City for Sinking
Fund.
ABSTRACT OF STATEMENTS
cxlvii
SESSIONAL PAPER No. 8
Statement showing the Movement of Securities of Canadian Life and Assessment Companies
for the six months ended December 31, 1920 — Continued.
BONDS, DEBENTURES AND STOCKS SOLD OR MATURED— Continued.
Company.
Description of Security.
Par value.
Value in
Account.
Price or
other consi-
deration
received.
To whom sold.
Sun Life — Con.
Sundry Municipal and School
District Sinking Fund Pay-
$ cts.
14,647 08
1,900 00
560,000 00
17,000 00
135,000 00
1,000 00
10,000 00
2,000 00
25,000 00
1,100 00
1,070,000 00
$ cts.
13,967 12
1,730 52
491,659 00
14,599 60
126,247 64
900,00
10,000 00
1,783 08
25,675 00
1,164 00
908,754 74
1,356 76
590,526 85
299,273 90
10,128 19
S cts.
14,647 08
1,900 00
491,659 00
16,245 10
126,247 64
1,000 00
10,000 00
1,900 00
25,000 00
1,020 25
908,754 74
Banco Hipotecariode Chile
Danville, Champaign & Decatur
Ry. &Lt. Co.. Sp.c, 1938
Des Moines Elec. Co., 5 p.c, 1938
Ft. Wa\iie & Wabash Valley
Traction Co., 5 p.c, 1934
Hamilton St. Ry. Co.. 4| p.c.
1928
Mexican Northern Pr. Co. Rec.
Certfs., 7 p.c
Bonds redeemed.
Illinois Traction Co.
American Trust Co., for
Sinking Fund.
Commercial Trust Co., in
accordance with re-or
ganization plan.
Called.
Northern Elec. Co., 5 p.c, 1939.
Ottawa Elec. Co., 5 p.c, 1920....
St. John Ry. Coy., 5 p.c
Redeemed.
Montreal Trust Co., for
Sinking Fund.
Redeemed.
St. John Ry. Coy.
St. Louis, Springfield & Peoria
Rd. Gen. Mtg., 5 p.c, 1939. . . .
Amortization of book values
towards par
Amount written off to Profit and
.Surrendered to Illinois
Traction Co. in exchange
for 1st Mtge. bonds.
Net amount written off ledger
account in adjustment of cur-
rency . . .
Values of foreign currency bonds
Slocks.
Pre/errei- Adirondack Electric
2,663,438 85
3,300,125 06
2,392,489 07
114,000 00
2,793 75
171,000 00
12,500 00
25,000 00
75,000 00
228,000 00
16,000 00
7,450 00
82,600 00
2,284 17
82,600 00
1,955 62
Western Power Co. of Canada.. .
Common. — Adirondack Electric
Power Corp
Asbestos Corp. of Canada
Chicoutimi Pulp Co
Adirondack Power and
Light Corp. Pref. Stk.
Chartered Trust & Exe-
cutor Co.
Exch. for 1,710 shares, $50
12,338 75
12,500 00
each of Adirondack Pr.
and Lt. Corp.
O'Brien & Williams.
J. E A. Dubuc.
Kipewa Coy
Laurentide Co. (old)
Union Bank of Canada.
444,018 52
23,500 00
444,018 52
24,297 44
2,614 90
shares of Riordon Co.,
in accordance re-organi-
zation plans.
Surrendered to Coy. in
exch. for $684,000 of the
New Laurentide Co.
O'Brien & Williams.
Western Power Co., of Canada.
Amt. written off
Chartered Trust and Exe
172,753 30
cutor Coy.
Prov. of Saskatchewan, 6 p.c,
1938
Municipal Debs., 6 p.c
Town of Grand 'M6re School, 6
p.c, 1921
651,743 75
725,155 99
580,325 23
T ravel lera' Life
5,000 00
10,000 00
10,000 00
4,840 10
10,000 00
9,996 74
30 63
4,841 50
10,000 00
10,000 00
Dom. Securities Corp.
Harris, Forbes & Co.
Amortization of book values
School District Debs
25,000 00
24,867 47
24,841 50
Western Life
200 00
200 00
200 00
Repayments.
200 00
200 00
200 00
cxlviii
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
Statement showing the Movement of Securities of Canadian Life and Af5se.ssment Companies
for the six months ended December 31, 1920. — Continued.
BONDS, DEBENTURES AND STOCKS SOLD OR MXTURED-Concluded.
Company.
Description of Security.
Par value.
Value
in
account.
Price or other
consideration
received.
To whom sold.
$ cts.
244 85
63 22
S cts.
244 85
63 22
$ cts.
244 85
63 22
School Dist. debs
308 07
308 07
308 07
A 0 F.
12,756 05
12,616 79
103 54
Amortization of book values
Dom. of Canad.T Loan, 5i p.c.
12,756 05
12,720 33
200,000 00
1,000 00
563 25
31 13
200,000 00
990 57
602 11
31 13
200,000 00
990 57
602 11
31 13
D. W. & A. E. Brunet.
Matured.
Municipal Securities
201,594 38
201,623 81
201,623 81
C.M.B.A
6,089 61
6,161 74
631 04
Matured.
Amortization of book values
6,792 78
2,216 90
2,216 90
69 16
Matured.
Amortization of book values
Anglo French Erternal Loan...
2,216 90
2,286 06
I.O.F
20,000 00
1,407 47
22,814 44
300,000 00
9,000 00
4,000 00
270,000 00
50,000 00
14,500 00
5,000 00
13.000 00
125,000 00
""25;o6o'o6'
825 13
749,900 00
19,382 85
270 43
22,4.39 44
300,000 00
9,000 00
4,000 00
279,7.50 00
50,000 00
13,598 08
5.000 00
13.000 00
70,000 00
28,158 67
24,250 00
825 13
116,350 52
17 22
10 30
20,000 00
270 43
22.814 44
300,000 00
9,000 00
4,000 00
279,750 00
50,000 00
16,586 57
5,000 00
13,000 00
70,500 00
28,158 67
25.000 00
825 13
116,350 52
17 22
Matured.
Matured and adjust-
ments.
Andrews Mfg. Co
Exchanged (New issue)
Matured.
Exchanged (new issue)
Brading Breweries I.td
Canadian Realty Corp
Cutler Mail Chute Co
Holm wood Realty Co
International Transit Co
Kenilworth Inn Real estate
debs
Redeemed.
Matured.
Missouri Metals Corp
National Word Products Co...
Geo. G. Moore.
Valley River Trad. Oo.
Matured.
Lincoln Traction Co. Stock.. . .
Royal Bank of Canada (stock)
Bonds and Stocks Special Con-
Geo. G. Moore.
shares.
Written off.
Municipal Securities
1,610,447 04
956,052 34
961,272 98
Royal Guardians
10,000 00
2,184 28
10 000 00
2,184 28
10.4.iO 00
2,184 28
Harris, Forbes Co.
Matured.
Dom. of Canada Bonds
Prov. of Ontario Bonds
12,184 28
12,184 28
12,634 28
3,964 04
445 32
6,532 03
10,000 00
3,964 04
445 32
6,321 32
9,894 14
gisQi'oo
"
Wood Gundy & Co.
20,941 39
20,624 82
ABSTRACT OF STATEMENT'^
cxlix
SESSIONAL PAPER No. 8
Statement showing the Movement of Securities of Canadian Life and Assessment Companies
for the six months ended December 31, 1920. — Continued.
REAL ESTATE PURCHASED OR ACQUIRED.
Company.
Description of Property.
Price paid
or value
at which
transferred
to
real estate
account.
From whom purchased.
Canada Life.
Confederation
Continental...
Crown
Dominion
Excelsior.
Great West .
Imperial.
Lot No. 6 South side King St.. rear 79 King St
W. Toronto
Lot No. 190 West Ward, Cor. St. James and St
Peter St., Montreal, being 62' wide in front
42' in rear and 115' deep
Lot 8, block 11, Sec. 9, No. 809 17th Ave. West
Edmonton
City Property, Ontario
" Alberta
Rural properties — Manitoba
" Saskatchewan
Taxes, charges, etc., on real estate acquired...
Taxes and charges, etc., on real estate acquired
Taxes and charges, etc., on real estate acquired
D.L., 196
Sub. Div. L., Lots 22 and 23, Block
Vancouver, B.C
Rural Properties. — Alberta
" Manitoba
City property, Ontario
Portion Block 5, Plan C, Calgary
Lots 8-9, Block D.G,S. 67, Plan 747 St. Boniface.
Winnipeg
Lots 5-6, Block E., Sub-Div. Lot 79, Plan L.
N. 31', lot 39 Block 5 'd'.G.'S.V67'|68, Plan 2V8,
St. James, Winnipeg
City properties, Alberta
" Manitoba
" Saskatchewan
Repairs on Real Estate
Alterations and Repairs on Head Office BIdg
Taxes or charges, etc., on real estate acquired. .
City property, Saskatchewan
Expenditure on Head Office Building
Taxes or charges, etc., on real estate acquired.
Lots 114-116, Block 1, D.G.S., 67|68 St. James,
Plan 218, Winnipeg
Lot A, Reab., lots 11 112, Block 18, D. L. 540
Gp. 1, Vancouver
Lots 1, 2 and 3, Block 28, Plan 2, Brandon
Lot 8, Block 3, Pt. lot 36, St. John, Plan 187,
Winnipeg
Rural properties, Manitoba
Saskatchewan.
City property, British Columbia
Taxes or charges, etc., on real estate acquired.
No. 24, 26, 28 and 30 Victoria St., Toronto
Rural property, Manitoba
" Saskatchewan
Taxes or charges, etc., cm real estate acquired.
$ cts.
29,622 42
6,597 50
5,060 79
1,087 85
3,937 50
1,842 75
2,399 79
19,378 68
11,001 41
80,928 69
25,820 54
4,408 14
6,216 92
2,419 02
2,714 66
480 44
11,831 04
22,797 28
6,468 00
43,645 59
7,273 38
7,201 83
2,768 40
3,491 91
1,821 64
2,400 GO
4,144 42
102,012 45
1,056 68
259 56
1,747 56
3,063 80
57,935 21
6,368 05
8,896 48
12,410 75
1,379 32
1,223 40
3,485 15
2,431 90
3,337 13
19,376 00
116,843 39
Add'l. cost of building.
Installing elevators.
Foreclosure.
Additional cost.
Commission.
Building additions.
Foreclosure.
84,335 45
3,630 15
3,069 37
1,855 27
92,890 24
Foreclosure.
Beveridge and Wilson,
P. Ewert.
Harphill Bldg. Co.
D. M. Forrester.
A. A. Moore, J. W. Cameron
and E. Chevigny.
D. T. Ashley.
Edith Snider.
Jas. Wilson.
Abortive Sale.
Foreclosure.
Conveyance.
Foreclosure.
Abortive Sale.
Foreclosure.
Cancellation of agreement.
Foreclosure.
Conveyance.
J. J. O'Neill.
Foreclosure.
cl
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
Statement showing the Movement of Securities of Canadian Life and Assessment Companies
for the six months ended December 31, 1920. — Contimied.
REAL ESTATE PURCHASED OR ACQUIRED— Continued.
Company.
Description of Security.
Price paiu
or value
at which
transferred
to
real estate
account.
From whom purchased.
London
Manufacturers..
Monarch .
Mutual .
North American.
Northern.
Taxes or charges, etc. , on real estate acquired
Wi, 28-3-25 W. 1, Man
Rural properties, Manitoba
" Saskatchewan
Taxes or charges, etc., on real estate acquired
$ cts,
718 15
City property, Saskatchewan
Taxes or charges, etc., on real estate acquired.
Sec. 18-1-29, W. 1, Man
S.W. i, ISandS.W., J 14-1-24 W. 1 Man
N.E., i22& S.W. i, 23-42-6, W. 3, Sask
Rural property, Saskatchewan
City " British Columbia
Addition to Head Office Bldg
Taxes or charges, etc., on real estate acquired.
La Sauvegarde
Sovereign
Sun
Rural property, Saskatchewan
Taxes or charges^ etc., on real estate acquired...
Lot 198, 373 Marlowe Ave, Sub. Div. 64 Notre
Dame de Grace Ward, Montreal
E. i, 33, N.E. i, 28-11-6 W. 4. Alta
Rural properties, Alberta
City propertj , Ont.ario
" Saskatchewan . . ■
Taxes or charges, etc., on real estate acquired
5,633 61
4,210 41
1 , 884 06
3,081 90
5,0.32 86
145 94
19,988 78
117 25
227 38
344 63
8,335 51
6,053 87
6,013 06
4.6.53 48
3,811 64
65,037 45
1 , 763 42
95,668 43
1,912 69
10 00
1,922 69
Advanced re expropriations
Taxes or charges, etc., on real estate required...
Head Office Bldg., Montreal
N.W. i, 14-7 Mun. of Langley, N.W. Dist., Hazel
mere, B. C
Part T^ot T., Sub. div.. lot 35, plan 475, Parish St.
John, Winnipeg
Lot 282, Sub-div. 213-219, inclusive and sub-div
353, 56 Upper Bellevue, Westmount
Lot 19, City Block 11 (save C.P.R. right of way)
879, 881 and 883 Columbia St., and 882 and 884
Remage St., New Westminster
Lot 7, Block 4, District Lot 200A, 360 Front St.
Vancouver
Lot 16, Sub.-div. 526, Block 338, Broadway
Vancou ver
Lot 18, Sub.-div. 526, Block 331, Broadway
Vancouver
Fractional Sec. 24, Block 4, North Range 5 West
(except N. 10 chains) Mun. Richmond, New
Westminster
Pt. sec. 22, Block 3, North Range 6 West, Mun.
Richmond, New Westminster
Lots 1, 2, 4 to 16 inol., and 19 to 32 incl., sec. 11
Block 4, North Range 5 West, Map 1433 Mun.
Richmond, New Westminster
Lots 15, 16 and 17, Block 7, Part of Scc.^. 3 and 10.
Block 3, North Range 7 West, Map 249 Mun
Richmond. Steveston, B.C
10,820 53
5,193 30
5,849 17
400 00
1,.584 06
9,642 00
Foreclosure.
Cancellation of Agent.
Quit Claim Deed.
Foreclosure.
Janet Smart.
Foreclosure.
Quit claim deed.
Foreclosure.
Quit claim deed.
Foreclosure.
R. I. Dutton.
R. & M. Myers.
R. C. Mode, D. K. Knott
and Chas. Mann.
H. N. Smith.
J. N. Walters.
33,489 06
3,553 93
30 00
13,747 36
7,275 31
7,636 09
71,031 68
14,208 76
8,614 49
10,000 00
10,000 00
9,894 33
6,000 00
29,000 00
10,000 00
.\dditions to Building.
Quinet and Financial Corp.
Foreclosed.
Geo. F. Johnston.
Foreclosed.
ABSTRACT OF STATEMENTS
cli
SESSIONAL PAPER No. 8
Statement showing the Movement of Securities of Canadian Life and Assessment Companies
for the six months ended December 31, 1920. — Continued.
REAL ESTATE PURCHASED OR ACQUIRED— Concluded.
Company.
Description of Property.
Price paid
or value
at which
transferred
to
real estate
account.
From whom purchased.
3rd Block, 320 Giron de Ayacucho, St. Lima,
Peru
S cts.
68,133 33
1,321 19
4,530 63
5.411 93
12,500 00
1,841 18
3,341 05
6,761 19
iana and Julia Perea
Aranibar.
<i
" Ontario
Additions to Building.
Trustees Knox Church (part
purchase price).
Additional charges to various properties
Tax or charges, etc., on real estate acquired
Cos. Bldg., St. Denis and Vitie Sts., Montreal.. .
Orphans' Home, Oak ville
Part lots, 1, 2, 3 and 4, Block 79 Brandon, Man.. .
No. 13 Gramercy Park, Borough oJ Manhattan,
New Yor k
301,248 52
121 92
937 28
Construction of fire escapes.
I.O.F
14,884 69
5,375 40
26,431 99
504 00
Improvements.
Foreclosure.
Taxes or charges, etc., on real estate acquired... .
47,196 08
jlii
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
Statement showing the Movement of Securities of Canadian Life and Assessment Companies
for the Six Months ended December 31, 1920 — Continued.
REAL ESTATE SOLD.
Company
Description of Property
Price paid
or value
at which
carried
into
real estate
account
Value
in
Account
Price
received
To whom sold.
Lot 14A Sub. Div. of District Lot
$ cts.
92,689 49
28,500 00
4,196 93
7,330 68
2,755 01
2,212 04
$ cts.
75,233 53
19,000 00
5,125 85
7,568 39
4,148 69
2,901 78
45,522 65
14,956 62
$ cts.
132,500 00
25,000 00
8,500 00
11,000 00
4,700 00
3,305,00
Dom. Canners Ltd.
60 Prince William St. S. 23'7' by
SO'G' of City Lot 403 St. John,
N.B .*
J. M. Queen.
J. Wilson, J. Brinkman and
Manitoba
Rural Properties:—
B. Ellingson.
A. J. Caulsell, W. & J.
Mallon and N. Wasson.
W. E. Frank. Jas. Gage and
W. W. Bagrio.
Jas. Larocque, R. R.
Real estate written down.
Revenue derived from real estate
Claxton and M. Cbappelle
Lots 1, 2,3 (excepting easterly 27 '6")
in S.D. of E. J of D.L. 750 Group
1. Plan 2064, New Westminster
Dist. No. 1455 20th Ave. E. Cor.
Bella Vista
137,695 15
174,457 51
185,005 00
Confederation
5,044 84
4,988 07
11,508 94
10,527 37
5,728 17
150 00
5,044 84
5,198 36
13,248 48
12,136 80
7,458 62
150 00
16,759 39
6,500 00
5,760 00
17,900 00
12,500 00
11,986 15
150 00
N. R. Fisher.
W. i 20-2-31, W. 1, Sask
H. G. Muldoon.
City Property:—
R. T. Kinchler, G. C.
Rural Property: —
Falconer, S. Simpson,
C.L.Thornber, E.Bailey
and W. H. Rines.
G. W. Corns, J. Laluk,
Saskatchewan
P. W. Grant and H. A.
Davis,
Wm. Mock, R. B.
Frame Cottage removed from lot
Laughland.
Joe Hanson.
Revenue derived from real estate
37,947 39
59,996 49
54,796 15
1,356 84
10
City Property:—
1,356 94
485 00
1,550 00
3,500 00
480 44
1,091 27
2,714 66
485 00
1,550 00
3,500 00
R. J. Reade.
Rural Property:—
T. R. Kidner.
A. Taillefer.
N. 31' Lot 39 Block 5 D.G.S. 67/68
Plan 218 St. James Winnipeg
Lots 5 and 6, Block E. Sub. div.
Lot 79 Plan L. Prince Albert... .
City Properties:—
5,535 00
4,286 37
5,535 00
7.273 38
43,645 59
3,418 28
7,273 38
43,645 59
3,761 22
200 00
1,746 83
6,014 49
2,101 64
238 90
2,382 41
16,569 96
8,000 00
44,825 00
3,702 00
200 00
2,700 00
5,950 00
2,400 00
238 90
2,382 41
Jean Dennison.
Central Realities Co. Ltd.
Jas. Cawthorn and Her-
bert Orr.
Part payment.
British Columbia
1,511 78
6,014 49
2,176 34
Major Gustav Schoof.
Paul Brandt and Ami
Goodman.
E. B. Cressman.
Part Payment.
Revenue derived from real estate
64,039 86
83,934 42
70,398 31
ABSTRACT OF STATEMENTS
cliii
SESSIONAL PAPER No. 8
Statement showing the Movement of Securities of Canadian Life and Assessment Companies
for the six months ended December 31, 1920. — Continued.
REAL ESTATE SOLD— Continued
Company-
Description of Property
Price paid
or value
at which
carried
into
real estate
account
Value
in
Account.
Price
received.
To whom sold.
Excelsior
City Property:—
S cts.
1,777 61
$ cts.
1,793 09
6,400 00
1,390 31
S cts.
2,000 GO
McLeod Murdo.
H. C. Anderson.
P. H. Thom.
F. M. Evans.
R. F. Y. Molineaux.
Profit on previous Sale
C. Cook.
J. H. Bride.
G. JIaloney and G.
Parke.
B. Se?al.
D. F. Williams.
G. H. Gray.
W. F. Cooper and
Campbell.
W. J. FiDlay.
A. Simpson and R.
Hampton.
Mrs.E.MadiU.W.W.An
and John Becker. ,
W. K. Esling.
A. Glover.
B. Phillips. S. H. Ell
and C. S. Funk.
Written off real estate acquired
Revenue derived from real estate
Lots 15-17 (Tncl.) Block 177 Gar
neau PI. 2003 A. R. Edmonton.
Lots 114-116 (Incl.) Block 1, D.G.S
67, 68 St. James Plan 218 Winni-
1,777 61
9,583 40
2,000 00
Great West
10,149 50
57,935 21
6,368 05
2,164 66
11,194,46
58,632 82
6,400 00
3,400 81
11,500 00
59,500 00
6,400 00
4,200 00
1,088 94
4,250 00
2,500 00
2,900 00
2,500 00
3,200 00
11,206 23
Lot A. Resud. div. lots 11/12
Block 18 D.L. 540 Group 1, Van-
City Property:—
British Columbia
3,549 63
a, 500 00
2,766 57
2,602 72
2,577 40
3,501 05
2,500 00
3,151 29
2,602 72
3,014 73
Town Property:—
Rural Property:-
F
Revenue derived from real estate
City Property:—
90,613,74
94,397 88
109,245 17
1,774 62
3,218 67
3,630 15
2,914 32
1,195 84
3,946 21
3,630 15
3,193 86
653 05
2,400 00
5,600 00
5,327 00
6,400 00
Rural Property:-
F„
E
Revenue dreived from real estate
Rural Property:—
11,537 76
12,619 11
19,727 00
3,657 21
3,243 34
955 44
6,400 00
Hre
Revenue derived from real estate
Town Property:—
3,657 21
4,198 78
6,400 00
Manufacturers
1.159 43
1,410 68
3,765 21
1,541 73
1,759 15
3,994 48
1,352 46
300 00
2,533 GO
4,350 00
Rural Property: —
ott
Revenue derived from real estate
6,335 32
8,647 82
7, 183 00
cliv
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
Statement showing the Movement of Securities of Canadian Life and Assessment Companies
for the six months ended December 31, 1920. — Continued.
REAL ESTATE SOLU— Concluded.
Company.
Description of Property
Price paid
or value
at which
carried
into
real estate
account.
Value
in
Account
Price
received.
To whom sold
Mutual.
Western . .
l.O. F...
No. 11814 100th Ave. Edmonton,
Alta
SU8-13-20W. I.Man.
Nos. 10, 12, 14 and 14 a Richmond
Square Montreal
N.W. J 21-11-15 W. 2 Sask
N. E. J 22 and S. VV. i 2342-6 W. 3
Sask. and N.E. 22-42-6 W. 3
Sask
Revenue derived from real estate
and credited to account
$ cts.
18,621 78
5,794 63
11,222 30
1,955 18
6,013 06
$ cts.
8.738 28
3,920 08
12,131 75
2,060 71
3,800 00
1,980 05
% cts.
22.000 00
7,155 00
15,000 00
2,500 00
4,700 00
43,606 95
32,630 87
51.355 00
Northern...
Sauvegarde
Sovereign...
Sun
Revenue derived from real estate
and credited to account
90.426 38
90,426 38
100,000 00
Revenue derived from real estate
and credited to account
150 00
Revenue derived from real estate
and credited to account.
822 72
Lots 31 and 32 Block 98 Plan C.
Calgary Alberta
Lots 5 and 6 of 496 St. Mary's Ward
1049 to 1063 St. Catharine East
Montreal
Part lot 148, Hochelaga, Frontenac
and Iberville Sts. Montreal
Part lot 85 Group 1, Mun. of Bar-
naby Dist. New Westminster
Parcel D. Sub. div. lots 5, 6 and 7
Block 205 Dt. lot 526 Group 1,
Vancouver Dist
Trafalgar Chambers, Hospital and
St. John Sts. Montreal
City Property: —
British Columbia.
Rural Property: —
British Columbia.
Saskatchewan
Charges refunded . . .
4,500 00
33,663 38
33,787 00
6,001 05
22,592 71
77,117 97
10,728 68
2,030 63
988 74
4,500 00
34,100 88
33,787 00
6,006 05
23,697 71
79,367 97
11,172 68
2,030 63
988 74
5,028 90
•4,000 00
*1,520 40
•1,000 00
28,100 00
90,000 00
•5,950 00
•500 00
1,600 00
2,345 63
191,410 16
140,044 93
Revenue derived from real estate
and credited to account
210 00
No. 13 Gramercy Park, borough of
Manhattan New York
26,431
Revenue derived from real estate
and credited to account
26,431 99
738 44
26,431 99
27, 170 43
26,431 99
Mrs. Bessie Coyne (Partial
Payment previously re-
ported).
W. J. Pettapiece (partial
payment previously re-
ported).
Thos. Jones.
G. R. Shoebottom.
L. Durniger
Frank Bott.
Mrs. S. E. Hardie.
M. Harrison, Jos. Hersco-
vitch, Chas. Hoffer and
Wm. Schwartz.
Ice Mfg. Co.
T.V.S. Wainwright.
Warner Loat.
London and ScottishAssce.
Corp.
J. H. and C. H. Murray,
W. E. and E. M. Moodie
W. P. and Jos. Philps,
C. W. A. Riach.
M. McDonald.
A. Thiel.
J. E. Cowdin and E. C.
Morgan.
•Part Payment
ABSTRACT OF STATEMENTS
clv
SESSIONAL PAPER No. 8
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clvi
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
Statement showing the Movement of Securities of Canadian Life and Assessment Companies
for the six months ended December 31, 1920. — Continued.
COLLATERAL LOANS REPAID.
Company
By whom paid
Amount
repaid
Description
of
released
collateral
Par
value
Market
value
J. H. McGregor
$ cts.
2,500 00
1,252 07
Canadian Bank of Commerce
$ cts.
2,000 00
6,350 00
$ cts.
3,640 00
6,350 00
John Watson
None
3,752 07
8,350 00
9,990 00
19 17
850 00
96
Prov. of Alberta
1,000 00
980 00
Dom. Securities Corpn
W. L. McKinnon & Co
Manufacturers Life Sta£f
C.N.R. Co. Notes
870 13
1,000 00
980 00
75,000 00
22,500 00
100,000 00
10,000 00
17,033 33
100,000 00
10,000 00
C.N.R.Bds
14,648 67
97,500 00
127,033 33
124,648 67
1,162 13
Monarch Life Staff
Dom. of Canaxia Loan
2,750 00
500 37
2,612 50
600 00
500 00
500 00
529 00
Weir
Syndicat Oeuvres Sociales
Caiss6 Hypoth6caire
S.C.V. Branch
2,129 00
Sun
305 78
600 00
7,500 00
Henrietta M. Ewing
Illinois Traction Co. Pfd. Stock. . . .
Dom. of Canada War Loans 5i p.c. . .
Dom. of Canada Loan subscribed for
by Stafr.
1,500 00
8,000 00
960 00
7,640 00
Travellers Life Staff
H. H. Beek Vancouver
Du Vemet Syndicate, Tor-
8,405 78
9,500 00
8,600 00
Travellers
665 78
I 0 F
2,637 51
466 10
500 00
10,000 00
6,000 00
17,650 00
13,950 00
Est Chas. Magee, Ottawa.. .
Geo. G. Moore New York. .
York Securities Co. , Toronto
Union Trust Co. Toronto... .
A. M.Hart
Assignment Electric Coal Co., Dan-
25,000 00
10,000 00
15,000 00
123 16
250 00
65,000 00
30,000 00
25,000 00
Newfoundland Pulp and Lumber Co.
8,000 00
21,000 00
123 16
" Wolseley
250 00
60,725 00
Prov. of Quebec. 4J 1946
25,698 00
National Breweries Oo. Stock
51,203 61
145,373 16
140,796 16
1,000 00
2,500 00
1,000
ABSTRACT OF STATEMENTS
clvii
SESSIONAL PAPER No. 8
Statement showing the Movement of Securities of Canadian Life and Assessment Companies
for the six months ended December 31, 1920 — Cordinued.
MORTGAGE LOANS.
Company
Made
Repaid
Balance
Dec. 31, 1920
Canada
Capital
Commercial
Confederation
Continental
Crown
Dominion
Excelsior
Great West
Imperial
London
Manufacturers
Monarch
Mutual
North American
Northern
Saskatchewan
Sau vegarde
Security
Sovereign
Sun
Travellers
Western
Alliance Nationale
Artisans
C. M. B. A
Commercial Travellers.,
].0.F
Royal Guardians
Woodmen
S cts.
1,439,339 56
623,205 06
16,128 66
4,335 00
264,521 01
382,979 57
1,615,113 65
513,038 25
789,231 90
1,523,669 40
46,800 84
812,621 60
418,841 53
248,490 34
4,516 08
15,229 56
1,638 20
33,067 86
888,307 59
5,000 00
791 05
144,646 55
6,000 00
320,795 27
"35,'866 '66'
$ cts.
1,154,652 52
384,237 28
13,974 63
22,532 51
174.109 39
114.566 04
1,235,232 10
237,381 18
315,928 82
452,608 26
32,587 45
601,134 41
166,755 79
135,820 39
2,976 70
2,129 00
217,08
31,787 07
413,549 70
1,000 00
1,393 49
122,782 93
1,698 11
194,431 19
8.109 50
8,032 13
24,053.
70,
12,
5,412,
510,
341,
2,694,
2,690,
17,751,
5,133,
3,607,
12,087,
436,
14,934,
4,565,
1,212,
80,
173,
13,
456,
7,634,
50,
10,
2,624,
744,
94,
31,
3,557,
140,
252,
eta.
181 27
600 00
891 18
081 46
424 20
731 57
080 89
205 45
775 87
640 60
841 27
059 63
509 69
368 52
485 66
051 71
108 66
577 29
159 29
871 42
427 96
200 00
495 51
386 01
937 25
500 00
490 00
560 46
398 80
650 71
10,154,108 53
5,829,627 67
111,378,692 33
clviii
DEPARTMENT OF INSURANCE
I
§
a
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S
02
11 GEORGE V, A. 1921
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ABSTRACT OF STATEMENTS
clix
SESSIONAL PAPER No. 8
STATEMB^fTS made by th^ Canadian Truste3S of For.>ign Companies showing the Movement of
Securities held by them in trust for tha respective companies for the six months ended
December 31, 1920.
BONDS AND DEBENTURES RECEIVED
Company.
Description of Securities.
Par
Value.
Market
Value.
Asbestos Corp. of Canada, Ltd., 5 p.c, 1942
S cts.
5,000 00
S cts.
3,25p 00
300,000 00
300,000 00
BONDS AND DEBENTURES RELEASED.
School Dist. Debs
S Ct8.
566 66
4,474 10
$ cte.
566 66
4,474 10
5,040 76
5,040 76
3,000 00
15,470 67
2,636 33
11,500 00
65,000 00
50,000 00
25,000 00
50.000 00
25,000 00
21,413 33
25,000 00
12,653 35
250,146 67
3,000 00
15,470 67
2,636 33
11,040 00
Ogilvie Flour Mills Co
66,950 00
46,500 00
23,250 00
50,000 00
23,000 00
18,269 85
Montreal Steel Works
24,750 00
Toronto Ry. Co
12,653 35
250,146 67
556,820 35
547,666 87
7,749 08
362 86
7,. 199 08
School District debs
362 86
8,111 94
7,961 94
MORTGAGE LOANS.
Company.
Made.
Repaid.
Balance,
Dec. 31, 1920.
$ cts.
304,900 00
$ cts.
60,852 00
62,000 00
160,768 64
26,792 64
2,500 00
8,200 00
369,457 91
$ cts.
1,712,038 97
4,174,500 00
New York
4,234,207 62
7,252 44
896,064 96
763,264 47
State
2,000 00
53,300 00
681,865 41
314,152 44
690,571 19
2,515,241 43
11 GEORGE V SESSIONAL PAPER No. 8 A. 1921
RATES OF DIVIDENDS TO POLICYHOLDERS
DECLARED DURING THE TEAR OR AT LAStJpREVIOUS ALLOTMENT BY
LIFE INSURANCE COMPANIES
8— K* clxi
clxii
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
Quinquennial dividends. — Per
$1,000 of Insurance on policies
completing a Quinquennial
Dividend period during 1920.
(o) Cash dividends declared
in 1920.
ta •
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SESSIONAL PAPER No. 8
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11 GEORGE V, A. 1921
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11 GEORGE V, A. 1921
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11 GEORGE V, A. 1921
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DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
Deferred Dividends. — (a) Cash
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31 GEORGE V, A. 1921
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SESSIONAL PAPER No. 8
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116 10
129 25
193 75
287 50
2 :g
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1920
Div'd
$ cts.
30 15
35 90
50 45
69 55
30 15
43 30
Fiftt
Prem.
$ cts.
19 30
24 80
36 50
54 75
Pd-up
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Total
Div'd
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109 15
129 15
172 90
215 60
135 90
164 55
204 10
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31 80
38 50
52 15
65 00
44 05
54 10
66 80
■•' ' • »oo6o ■
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21 85
27 10
40 30
55 55
28 90
36 15
48 30
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75 75
89 35
119 35
161 95
96 15
110 30
131 30
139 35
143 80
149 .30
157 05
§g . : : : ;
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(a)
1920
Div'd
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27 00
32 55
44 15
59 45
38 60
44 65
53 15
42 05
60 75
61 85
63 20
65 55
00 88
Thir
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21 30
26 35
38 85
58 10
31 25
36 95
46 95
35 10
48 50
50 55
55 80
61 85
70 00
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46 65
57 25
72 55
99 10
57 20
65 35
77 45
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80 50
78 05
80 80
84 40
93 40
100 85
105 10
113 85
143 10
'i47'45
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(a)
1920
Div'd
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23 40
29 25
37 55
51 25
29 90
35 85
42 70
51 70
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44 10
45 40
46 65
48 30
52 40
41 80
44 35
49 50
86 90
"87 65
Secon
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$ cts.
21 30
27 95
38 85
58 10
30 00
36 95
46 95
61 50
"4200
49 95
48 50
50 55
55 05
64 75
62 05
72 45
83 95
105 45
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(a)
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19 55
23 75
30 25
40 75
24 65
28 05
32 55
39 70
25 35
29 20
35 50
36 00
41 35
32 35
33 10
35 00
39 95
59 05
60 75
64 35
53 00
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56 85
First Pei
Prem.
2 cts.
21 25
27 90
38 90
57 95
30 70
37 35
47 20
61 30
36 35
44 20
59 35
56 95
69 70
49 15
61 00
55 55
66 90
62 05
72 45
83 95
105 85
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DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
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STATEMENTS
OF
LIFE INSURANCE COMPANIES
S-l"
11 GEORGE V ^ SESSIOfiAL PAPER No. 8 A. 1921
LIST OF COMPANIES LICENSED UNDER THE INSURANCE ACT 1917 TO
TRANSACT IN CANADA THE BUSINESS OF LIFE INSURANCE '
DURING THE YEAR ENDED DECEMBER 31, 1920.
Mina Life Insurance Company.
The Canada Life Assurance Company.
The Capital Life Assurance Company of Canada.
The Commercial Life Assurance Company of Canada.
Commercial Union Assurance Company (Limited!.
Confederation Life Association.
*rhe Connecticut Mutual Life Insurance Company.
The Continental Life Insurance Company.
The Crown Life Insurance Company.
The Dominion Life Assurance Conipan5'.
The T. Eaton Life Assurance Company.
*Edinburgh Assurance Company (Limited).
The Equitable Life Assurance "Society of the United States.
The Excelsior Life Insurance Company.
The Great- West Life Assurance Company.
The Gresham Life Assurance Society (Limited).
The Guardian Life Insurance Company of America.
The Imperial Life Assurance Company of Canada.
* The Life Association of Scotland.
The Liverpool and London and Globe Insurance Company (Limited).
London and Scottish Assurance Corporation (Limited).
The London Life Insurance Company.
The Manufacturers Life Insurance Companj'.
Metropolitan Life Insurance Company.
The Monarch Life Assurance Company ,
The Mutual Life Assurance Company of Canada.
The Mutual Life and Citizens' Assurance Company (Limit(>d).
The Mutual Life Insu:i'ance Company of New York.
The National Life Assui-ance Company of Canada.
*National Life Insurance Company of the United States of America.
New York Life Insurance Company.
North American Life Assurance Company.
North British and M^'cantile Insurance Company, (Limited).
The Northern Life Assurance Company of Canada.
*Northwestern Mutual Life Insurance Company.
The Norwich Union Life Insurance Society.
Phoenix Assurance Company (Limited).
*Phoenix Mutual Life Insurance Company.
Provident Savings Life Assurance Society of New York .
The Prudential Insurance Company of America.
The Reliance Mutual Life Assurance Society.
Roj^al Inisurance Company (Limited) .
The Saskatchewan Life Insurance Company.
La Sauvegardo Life Insurance Company.
*The Scottish Amicable Life Assurance Society.
*The Scottish Provident Institution.
The Security Life Insurance Company of Canada.
The Sovereign Life Assurance Company of Canada.
The Standard Life Assurance Company.
The Star Assurance Society.
The State Life Insurance Company.
Sim Life Assurance Company of Canada.
The Travelers Insurance Company.
The Travellers Life Assurance Company of Canada.
Union Mutual Life Insurance Company.
United States Life Insurance Company in the City of New York.
The Western Life Assurance Company.
*The licenses of these companies expired on March 31, 1S78, so far as relates to new business.
8— li*
DEPARTMEST OF IXSURA^CE
WI1 GEORGE V, A. 1921
iETXA LIFE INSURANCE COMPANY.
Statement fok the Year endinc; Dpxember 31, 1920.
President, M. G. Bulkeley — Secretarifs, G. E. Gilhert and W. H. Newell — Actuaries, H.
W. St. John and M. H. Peiler — Principal Office, Hartford, Connecticut, U.S.A. — Chief
Agent in Canada, Ernest J. Christmas— Head Office in Canada, Montreal, Quebec.
(Organized and incorporated, June, 1820. Commenced bu.siness in Canada, 18-50 )
CAPITAL STOCK.
Authorized $ 10,000,000
Subacribed and paid in cash 5, 000, 000
ASSETS IN CANADA.
Ledger Afsels.
Held solely for the protection of Canadian policyholders.
Department's value of bonds, debentures and debenture stocks owned by the Company on
deposit with the Receiver General (For details see Schedule C.) $ 5,776,221 13
Other Ledger Assets.
Amount secured Ijy the Company's policies in force, the reserve on each policy being in
excess of all indebtedness: —
Loans to policyholders $ 902, 740 00
Advances to policyholders under automatic non-forfeiture provisions 1 , 111 28
Premium obligations 284 0.3 904, 13.5 31
Cash in Bank of Toronto, Montreal 47,970 45
Total Ledger Assets $ 6,728,326 89
Non-Ledg(r Assets.
Interest due and accrued on —
Bonds and debentures $ 70,408 09
Premium notes, policy loans and liens 6,720 73
Bank deposits 380 54
Gross premiums, less reinsured: — First Year. Renewal.
Due and uncollected $ 9,3.54 87 % 100,831 73
Deferred 5,257 17 31,980 85
-$ 77,. 509 36
Total % 14,612 04 $ 1.32,812 58
Deduct commissions and estimated loss in collection 1,648 02 7,733 91
Net premiums due and uncollected, and deferred $ 12,964 02 $125,078 67 138,042 69
Agents debit balances 617 14
Total Non-Ledger Assets $ 216, 169 19
Total Assets in Canada $ 6,944,496 08
LIABILITIES IN CANADA.
Net liability under assurance, annuity, and supplementary contracts in force forpayments
not due, dependent on life, di.sability or any other contingency or on a term certain
{See Statement of Actuarial Liabilities) $ 6, 766, 768 00
Net surrender values claimable under cancelled contracts 1, 119 45
Net liability for payments due under contracts: — Unadjusted death losses — ordinary,
$48,161; group, $.500; matured endowments adjusted but unpaid, $14,051 62,712 00
Provision for unreported death lo.s.ses and disability claims 4,263 00
Dividends left with the Company (arising out of assurance contracts) including interest
accumulations 84,. 339 08
Received from policyholders in advance:— Premiums, $1,493.35; interest, $24,224.22 25,717 .57
Net dividends to policyholders due and unpaid 4,964 87
Provision for profits to policyholders payable in the year following the date of account.. . . 83,796 29
Provincial, municipal and other taxes due and accrued 27,814 93
Medical examiner's fees due and accrued 902 00
Missing policy claimants account 521 41
Total Liabilities in Canada $ 7,062,918 60
LIFE INSURANCE COMPANIES
SESSIONAL PAPER No. 8
JEiTNA Life — Continued.
INCOME IN CANADA.
First Year. Renewal.
Assurance premiums S 217,947 62 $ 893,044 11
Single.
2,570 13
Less reinsurance premiums paid .
2,134 50
Total net premiums $215,813 12 $893,044 11 $ 2,570 13 $
Total group premiums $162,773 84 $ 58,65100
Total net premium income $
Consideration for supplementary contracts:— Not involving life contingencies
Dividends left with the Company at interest (arising out of assurance contracts)
Gross interest or dividends on —
Bonds and debentures (less $5,152.45 paid for accrued interest on bonds
acquired during year) $ 268, 220 08
Premium notes, policy loans and liens and interest on overdue premiums. . . .58, 663 82
Bank deposits 3,862 11
1,111,427 36
221,424 84
1,332,852 20
28,900 00
12,504 90
330,746 01
Total
Total Income in Canada $ 1,705,003 11
DISBURSEMENTS IN CANADA.
In respect of assurance contracts: —
Death and endowment claims —
Amount assured:— Death claims— ordinary, $542,214.56; group, $89,350; matured
endowments, $417,254 v $ 1,048,818 56
Net surrender values 247, 763 20
Net dividends —
In cash $ 27,821 37
Left with the company at interest 12, 504 90
Applied as single premiums: — To make policies full paid 2, 570 13
Total net dividends 42,896 40
In respect of life annuity contracts: — Cash payments to annuitants 132 68
Total net disbursement in respect of assurance and annuity contracts.. .$ 1,339,610 84
Net payments on supplementary contracts: —
Involving life contingencies, $325; not involving life contingencies, $8,182.23
Net reduction in premiums resulting from application of dividends
Dividends left with the companj- and interest accumulations withdrawn
Taxes, licenses and fees (including taxes on investments but excluding taxes on real estate)..
Investment expenses: — Insurance on bonds in transit.
Branch office and agency expenses: — Assurance commissions — fir.st year, $101, 193; renewal,
.156,201.14; salaries, $27,379.09; travelling expenses, $5,534.27; heat, light and rents,
$7,119.75
All other expenses: — Advertising, $930.58; books and periodicals, $11; express, telegrams
and telephones, $1,085.63; legal fees, $808.92; medical fees, $6,434; office furniture,
1763.55; postage, $3,130.97; printing and stationery, $1,374.51; investigation and
settlement of policy claims, $1.75; incidentals, $770.34; supplies, $2,266.32; exchange,
$360.49. 17,938 06
8,507 23
44,251 78
13,263 97
9,760 20
54 00
197,427 25
Total Disbursements in Canada $ 1,630,813 33
EXHIBIT OF ANNUITIES.
T ifo
Arising out of Life A
ssurance Contracts.
Classification.
Pr per.
Involving Life
Contingencies.
Not involving Life
Contingencies.
Totals.
No.
" Annual
Payment.
No.
Annual
Payment.
No.
Annual
Payment.
No.
Annual
Payment.
At end of 1919
2
$ cts.
599 60
3
$ cts.
325 00
11
17
$ cts.
3.003 60
9,510 00
16
17
$ cts.
3,928 20
New issued
9,510 00
At end of 1920.
2
599 60
3
325 00
28
12,513 60
33
13,438 20
*Paid by application of assurance dividends.
DEPARIMKST ()!•' ISslRWci:
11 GEORGE V. A. 1921
iETNA Life — Conlimiwl.
EXHIBIT OF POLICIES (Ordinary).
(For policies herein included involving disability benefits see Abstract).
' Classification.
Whole
Life.
Endowment
Assurances.
Term and
Other.
Bonus
Additions
Totals.
No.
Amount.
No.
Amount.
No.
Amount.
No.
Amount.
At end of 1919
New issued
3.824
363
3
$
9.216.077
2,270,400
7.280
39.259
.542,868
8.209
4.58
5
81
$
13,392,887
1,309.700
4.145
2.135
140.. 500
3.690
714
9
" 174
$
11,693.446
3.478.100
23,000
226
110,478
$ cts.
2,056 54
593 33
15,723
1,.5.35
17
365
S cts.
34.304.466 54
7,058,200 00
Old revived
34,425 00
42,213 33
Transferred to.
110
793.846 00
Totals
4.300
12.075,884
8.753
14,849.367
4.587
15.305,250
2,649 87
17,640
42.233.150 87
LeSii ccars<-d by: —
Death
139
1
227.474
384
91
295
187,597
408,710
35
81,750
265
296
20
1.038
272
25
365
496.821 00
409.094 00
Expiry
20
17
182
7
191
22,. 504
41,295
6.39,800
53.000
32.500
683.368
13907
22.. 504 00
31
27
141,. 508
1.51.500
15.620
90,000
15.539
990
•63
' " 18
164
1.063.293
101,000
24.061
68,000
94,939
1.246,235 07
892,300 00
156 24
92,837 24
Kf-t taken
10
10
190.. 500 00
793,846 00
Total ceased
218
642.025
1.621
1,947,600
452
1.554,217
295 31
2,291
4,144,137 31
At end of 1920
4.082
11.433,859
7.132
12,901.767
4.135
13.751,033
2,354 56
15.349
38.089,013 56
Rein.sured. .
50.000
75.000
125,000 00
.MISCELLANEOUS.
New policies issued and paid for in cash: — Number 1,519; gro.ss amount, $6,867,252.13: rein.-surcd in
other licensed companies, $125,000.
Total with profits divided as to dividend plan: — .\nnual, .$8,840,691 56: quinquennial, §1,827, 065;
10-year renewaVjle term, $935,200; non-participating. §288,331.
Total $11,891,287 56
EXHIBIT OF POLICIES fGroupj.
Term.
No. of
Poll-
No. of
employ-
Amount
Assured.
At end of 1919—
New Policies issued
New employees insured during 1920 under policies after date of original
i3.sue
Total.
Less ceased: —
Employees—
By termination of cinployment-
With conversion
Without conversion
By death
By disability
Total ceased.
At end of 1920.
98
98
3.901
12,374
7.279
23,. 554
18
7,550
90
1
7,659
15,895
4,412,900
12,025,300
*6. 512, 450
22,950.650
23,800
6,136,950
89,8.50
500
6,251,100
16,699,5.50
*Include8 increases in insurance on individual lives. This company^s method of keeping its group
insurance records makes it impossible to segregate the data on increased insurance.
LIFE INSURANCE COMPANIES
SESSIONAL PAPER No. 8
^TNA Life — Continued.
DETAILS OF POLICIES ISSUED PRIOR TO MARCH 31, 1878.
No.
Amount.
In force at beginning of year
Revived or increased during the year
Terminated
In force at date of statement. . :
826
1
48
779
744,379
1,000
70,788
674,591
STATEMENT OF ACTUARIAL LIABILITIES.
As^suRANCE Section.
Class of Contract.
Gross in Force.
Reinsured in
Companies
licensed in
Canada.
Num-
ber.
Amount.
Reserve.
Amount
Re-
serve.
Ordinary with Profitu: —
Life
1,691
4,803
713
$
2,210,894
8,601,734
1,076,305
2,355
$
1,416,034
3,009,893
95,115
1,335
15,149
991
$
$
Endowment Assurance
Term, etc
Bonus addition
tDisability No. 1
tDisabi'itv No. 2
Totals
7,207
11,891,288
4,538,517
Ordinary icithout Profits: —
Life
Endowment Assurance
2,391
2,329
3,422
9,222,965
4,300,033
12,674,728
1,005,673
890,639
97,844
19,960
3,871
.50,000
1,033
Term , etc
75,000
363
tDisability No. 1
tDisabilitv No. 2
Totals
8,142
26,197,726
2,017,987
125,000
1 396
Group without Profits: —
Term, etc
98
16,699,550
90,944
1,088
53 915
Disability
With premiums less than Am. Ex. 31%
Totals
98
16,699,550
145,947
Grand Totals
15,447
54,788,504
6,702,451
125 000
1,.396
tWaiver of premiums and the sum assured payable by instalments during a term certain.
JWaiver of premiums and a disability annuity without reduction in the sum assured.
DEPARTMEST OF I^'SL^JiANCE
11 GEORGE V, A. 1921
^Etna Like — Continued.
STATEMENT OF ACTUARIAL lAABlLITIEiy-Concluded.
AXVLTTY Sk'TION.
Class of Annuity.
Gross in Force.
Num- Annual
ber. Pavment.
Reserve.
With Profits:—
Supplementary contracts: —
Involving life contingencies
Not involving life contingencies
Totals
Without Profits.—
Life Annuities Proper
Supplementary contracts: —
Involving life contingencies
Not involving life contingencies
Totals
Grand Totals
250 00
1,000 00
1,250 00
599 60
75 00
11,513 60
28
12,188 20
3.3
13,438 20
$
3,517
8,464
11,981
3,403
924
49,405
53,732
65,713
SUMMARY OF RESERVE.
With
Profits.
Total reserve, policy and annuity contracts $4, 550,498
Total reserve on reinsured contracts
Total net reserve on the Company's basis of valuation, carried in
the liabilities S4, 550, 498
Net reserve estimated on the statutorj' basis (without deduction) 4, 513, 123
Reserve maintained by the Company in excess of the statutory
reserve $ 37,375
Without
Profits.
$2,217,666
1,396
§2,216,270
2,244,639
Total.
16,768.164
1,.396
.?6, 766, 768
6,757,762
$ -28,369 S 9,006
MISCELLANEOUS STATEMENT.
1. Calculation of the re.yrve in the "Statement of Actuarial Liabilities."
(1) Valuation is made by groups arranged according to years and ages at issue and plans of insurance.
Age according to the nearest anniversary of birth at time of issue except that the age at issue is never lower
than the age used in fixing the premium, or consideration in the contracts. Valuation on the net level
premium reserve system, and of the inean reserve for the policy year ending 1921. American Experience
Table at S^ per cent on entire Non-Participating class and on Participating class issued prior to 1901
American Experience Table at 3 per cent on Participating class issued in 1901 and sub.sequently. For
Annuities, McClintock's Annuitants Sj per cent and American Experience 3^ per cent.
Special Classes —
(a) Have no policies issued on lives resident in tropical or sub-tropical countries.
(b) Policies issued at premiums corresponding to ages higher than the true ages are valued at the
higher age.
(c) Have no policies providing for payment at death during certain periods of an amount less
than the full amount of insurance, being policies subject to liens.
(d) No special reserve for policies issued at, or subsequently subject to an extra premium was
included in the valuation of Canadian business.
(e) Policies are issued to sub-standard lives according to (6) given above.
(f) For policies providing for disability benefits, (a) before the occurrence of disability the reserve
consists, under Disability No. 1*, of twenty-five cents per annum per $1,000 of life insurance, such
charge being accumulated at 3^ per cent aud 3 per cent interest; and under Disability No. 2*, net
premiums and reserves are based upon rates of disaVjility graduated from recent experience among
members of the United Order of Forresters and upon Arthur Hunter's table of mortality among dis-
abled lives, slightly modified, with interest at 3| per cent and 3 per cent; (b) Thereafter under Dis-
ability No. 1 present value of future benefits on basis of 3^ per cent interest and of the Combined
Experience table of mortality; and under Disability No. 2, reserve is based on Arthur Hunter's table
of mortality among disabled lives, modified.
ig) Have no annuities issued to lives classed as under-average.
*For explanation see foot-note to Statement of Actuarial Liabilities.
LIFE INSURANCE COMPANIES 9
SESSIONAL PAPER No. 8
^TNA Life — Continued.
MISCELLANEOUS STATEMENT— Condwrfed.
(2) Items of special reserve —
(a) No reserve is held under limited and single premium policies on account of prepaid or limited
loadings. Under such policies the surplus interest earned over and above 3 per cent or Sj per cent,
the rate of interest required to maintain the reserve, is assessed one-quarter of one per cent, annually
for expenses. No additional reserve made under immediate annuities to cover future expenses.
(b) Have no policies with guaranteed benefits which exceed in value the net premium reserve
on the basis of valuation employed.
(c) No special reserve is held, pending possible future re-instatement against policies having
previously defaulted in premium payment and not entitled on the date of the valuation, to either
cash value or extended insurance.
(d) No reserve is maintained to cover the option of renewal under term policies.
(e) No reserve is maintained to cover the option of conversion either during a fixed term or at
the end thereof into higher premium policies.
(/) Special reserve under Non-Participating contracts of Group Lisurance is represented by present
value of future deficiencies of gross premium as compared with net premium, Am. Ex., 85 per cent,
taken for period covered by each contract. This special reserve is added by reason of requirements
in certain states which may be waived in near future.
II — Have no tropical or sub-tropical policies.
III. The average rate of interest earned during the year on the mean net ledger assets of the company
as a whole was 5-64 per cent.
IV. The distribution of surplus —
(a) The Participating class of business is kept separate and distinct from the Non-Participating
(or shareholder's) class. Each class pays its own expenses, commissions, medical fees, etc., and the
general expense account is divided between the two classes in proportion to the premium receipts.
(6) General basis of distribution.
Explanation showing Methods for Annual Dividends declared in 1920.
Expense assessment of 72-5 per cent of loading leaving 27-5 per cent, with 4-35 per cent interest, for
distribution, except for issue of 1917, 1914, 1911 and 1908, where an extra charge of fifty cents per $1,000 is
made.
Interest earnings of 4-35 per cent leaving the difference between this rate less the rate employed in
the calculation of reserves for distribution, taken on the initial reserve.
Distribution from favourable mortality experience equivalent to the following rates per cent on the
cost of insurance, 2.5 per cent for the first year of duration gradually decreasing +0 a minimum of 10 per
cent for the sixteenth and subsequent years of duration, also gradually decreasing with advancing age, to
a minimum of 5 per cent for ages attained 77 and over.
Explanation showing Methods for Five-Ycar Dividends deelaredin 1920.
This class includes the issue of 1905 and comprises the five policy years from the anniversary in 1915
to the anniversary in 1920. The annual profits arising in such policy years were determined on the basis
employed bj' the company, during each policy year, for its annual distribution. The profits so determined
were increased by interest at the rate then employed and by additions for intermediate terminations
calculated according to kinds and ages.
Under Participating contracts issued in 1907 and subsequently dividends may be applied at net rates
to purchase paid-up insurance. Under certain Participating contracts issued prior to 1901 and all Partici-
pating contracts issued 1901 and subsequently the dividends left with the Company to accumulate at
interest together with the reserve or cash value of the policy may be applied as a net single premium to
make policy full-paid or when such accumulated dividends plus the reserve or cash value equal the
face amount of the contract then the policy may mature as an endowment.
(c) Original annuities are all Non-Participating.
On annuities with instalments certain arising out of certain Participating Life Insurance contracts first
issued in 1907, the dividends equal the difference between 3| per cent and the rate for distribution
(for 1920 it is 4-35 per cent less 3-50 per cent eciuals 0-85 per cent) applied to the present value at 85 per cent
of future instalments certain. (Have none in force in Canada.)
10 DEVAIITMEST OF INSURAWE
"!1 GEORGE V, A. 1921
^TNA Life — Continued.
DEFERRED DIVIDEND POLICIES.
Issued prior to January 1, 1911, and Amount of Profits contin{j;cntly apportioncil tln-rcto.
Total Profits _ Total Profit -<
Year of Issue. Net .Vmount Contingently Year of Is.sue. Net Amount Contingently
in Force. Apportioned. in Force. Apportioneil.
1885 J< 30,000 00 § 249 97 1898 ? 30,000 00 -S 600 21
1886 43,600 00 1,8.34 99 1899 1.5,. 500 00 181 .39
1887 20,000 00 653 97 1900 11,000 00 95 14
1888 20,000 00 517 04 1901 156,475 00 10.326 00
1889 12,000 00 1.59 45 1902 166,600 00 8,203 00
1890 20, 500 00 146 95 1903 239, 690 00 8, 668 00
1891 16,400 00 770 09 1904 228,000 00 5,320 00
1892 5,000 00 123.58 1905 238,000 00 2,57100
1893 12,000 00 302 01 1906 294,700 00 15,495 00
1894 12,. 500 00 151.59 1907 190,600 00 6,996 00
1895 12, 000 00 91 36 1908 2, 000 00 .59 00
1896 11,500 00 911 21
1897 16, 500 00 498 63
Totals 11,804.565 00 $ 64.925 58
Schedule C.
Bonds and debentures on deposit witli Receiver General: —
Governments — Department's
Canada — Par value. value.
Victory Loan $ 950,000 00 S 946,830 00
War Loan 875,000 00 857,472 12
■ Provinces of Canada —
Alberta— Debentures 1.50, 000 00 143, .500 00
New Brunswick— Debentures 60, 000 00 63, 310 00
Nova Scotia— Debentures 50,000 00 45.000 00
Prince Edward Island— Debentures 100,000 00 100,000 00
Quebec— Inscribed Stock 97,333 33 85,653 33
Other Governments —
United States of America— Bonds 100, 000 00 110, 000 00
Cities —
A Jberta —
Calgarv - 100,000 00 87.000 00
Edmonton 197.474 61 163,988 15
Medicine Hat 50,000 00 44,000 CO
British Columbia —
Vancouver 325, 000 00 301 , 500 00
Victoria 261,386 66 244,903 46
Manitoba —
Brandon 50,000 00 43,000 00
New Brunswick —
St. John 195,626 67 168, 100 14
Ontario —
Belleville .50, 000 00 47,000 00
Brantford 25,000 00 22,7.50 00
Fort William 24,333 33 22,630 00
Sault Ste. Marie 5,000 00 4,900 00
St. Thomas ; 53,750 17 51,600 15
Toronto 705,466 67 579,-586 00
Quebec —
Fraserville 77, 000 00 63, 530 00
Montreal 014, 000 00 525, 610 00
Three Rivers 50.000 00 42,000 00
Westmount 200,000 00 169,000 00
Towns —
Ont'irio —
Kenora 25,000 00 23,500 00
Welland 35,000 00 33,600 00
Quebec —
Levis 3, 127 34 3,064 79
Maisonneuve 1.50, 000 00 123. 000 00
LIFE INSURANCE COMPANIES 11
SESSIONAL PAPER No. 8
^TNA Life — Continued.
Schedule C — Concluded,
Department's
Townships— British ColumHa— Par value. value.
Burnaby ' « 30.000 00 $ 28,800 00
Schools — Quebec —
Maisonneuve 00,000 00 57,000 00
Montreal, Protestant 224,000 00 204,660 00
Montreal R r 85,000 00 80,750 00
St. Denis de Montreal 50.000 00 48,500 00
St. Stanislas de Montreal 25.000 00 27,282 99
Railways —
Canadian Northern Ry., Winnipeg Terminal Gold Bonds (gtd. by
Prov. of Manitoba), 19.39, 4 p.c 260,000 00 213,200 00
$6,319,498 78 $5,776,221 13
GENERAL BUSINESS STATEMENT FOR THE YEAR ENDING DECEMBER, 31, 1920.
INCOME.
Total premium income S29, 1.32,470 49
Consideration for supplementary contracts involving life contingencies. 227, 187 63
Consideration for supplementary contracts not involving life contingencies 166,698 82
Dividends left with the company to accumulate at interest 227,681 91
Total interest and rents 6,557,916 70
Gross profit on sale or maturity of ledger assets : 41,063 75
Gross increase, by adjustment, in book value of ledger assets 15,497 64
All other income 265,336 22
Total income -. .$36,633,853 16
DISBURSEMENTS.
Net amount paid for losses and matured endowments $14, 154, 436 47
Cash paid for annuities involving life contingencies 293,986 41
Dividends with interest paid policyholders in cash or applied in liquidation of loans or
notes. 442,367 69
Dividends appliefl to purchase paid-up additions and annuities 37,435 79
Dividends applied to pay renewal premiums 985,471 93
Dividends left with the company to accumulate at interest 227, 681 91
Surrender values paid in cash or applied in liquidation or loans or notes 2, 273, 617 50
Surrender values applied to pay new and renewal premiums 149, 610 31
Surrender values applied to purchase paid-up insurance and annuities 349,475 83
Premium notes and liens voided by lapse 100 13
Expenses of investigations and settlement of policy claims (including $5,109.65 for legal ex-
penses) 6,320 10
Paid for claims on supplementary contracts not involving life contingencies 126,534 21
Dividends and interest thereon held on deposit surrendered during the year 285,296 01
Cash paid stockholders dividends 500, 000 00
Commissions to agents 3,881,808 10
C'ommuted renewal commissions 7, 590 34
Taxes on real estate 30,024 08
State taxes on premiums, Insurance Department licenses and fees 399, 645 40
All other licenses, fees and taxes 539, 543 40
Rent 177,646 02
Agency supervision and travelling expenses of supervisors (except compensation for home
office supervision) 209, 514 47
Medical examiners' fees and inspection of risks 279,234 34
Salaries and all other compensation of officers, directors, trustees and home office employees 911,299 74
Branch office expenses, including salaries of managers and clerks 543,633 86
Gross loss on sale or maturity of ledger assets 218,985 30
All other disbursements 825, 181 26
To*al disbursements $27,856,440 60
12 DEPARTMEST OF IMSlliAXCE
11 GEORGE V, A. 1921
^TNA Life — Concludnl.
LEDGER ASSETS.
Book value of real estate $ 1 , 391 , 689 92
Mortgage loans on real estate, first liens 66, 031 ! 578 23
Loans secured by pledge of bonds, stocks or other collateral 564, 739 00
Premiums reported to War Risk Insurance Bureau 690 53
Loans made to policyholders on this company's policies assigned as collateral 13, 620, 663 86
Premium notes on policies in force 62,742 82
Book value of bonds and stocks 53,50l!o30 23
Cash on hand, in trust companies and in banks 3,486, 106 39
Bills receivable and agents' balances 23, 128 94
Less agent's credit balances $138,682,369 92
25,749 51
. Total ledger assets $138,656,620 41
NON-LEDGER ASSETS.
Total interest and rents due and accrued 3, 767, 084 35
Amortized value of bonds and market value of stocks over book value 1,976,304 85
Due from other companies for losses or claims on policies of this company, reinsured 25, 000 00
Net amount of uncollected and deferred premiums 3, 048, 755 45
Gross assets $147,473,765 06
Deduct assets not admitted 90, 670 79
Admitted assets, life business $147,383,094 27
Admitted assets, accident, health and liability business 30, 119,271 87
Total admitted assets $177, 502,. 366 14
LIABILITIES.
*Net reserve . . $123,451,986 00
Present value of amounts not yet due on supplementary contracts not involving life con-
tingencies 1 , 367, 034 00
Extra reserve for total and permanent disability benefits and for additional accidental
death benefits 1 , 246, 506 00
Liability under cancelled policies upon which a surrender value may be demanded 5,488 61
Dividends or other profits due policyholders, including those contingent on payment of
outstanding and deferred premiums 132,337 32
Dividends declared on or apportioned to deferred dividend policies payable to policyholders
during 1921 355, 769 43
Dividends declared on or apportioned to annual dividend policies payable to policyholders •
during 1921 1,549,770 00
Amount set apart, apportioned, provisionally ascertained, calculated, declared or held
awaiting apportionment upon deferred dividend policies 545, 527 35
Dividends left with the company to accumulate at interest, and accrued interest thereon. . 1,513, 160 16
Total policy claims 1,322,274 48
Due and unpaid on supplementary contracts not involving life contingencies 200 00
Commissions due to agents on premium notes when paid and other contingent commissions 9,580 46
Commissions to agents due or accrued 26, 726 44
Cost of collection on uncollected and deferred premiums, in excess of the loading thereon.. . 129,466 68
Premiums paid in advance, including surrender values so applied 84,741 80
L nearned interest and rent paid in advance 375, 130 07
Special reserve under renewable term and sub-standard contracts 695, 798 00
Salaries, rents, office expenses, bills and accounts due or accrued 51 , 025 48
Medical examiners' fees due or accrued 25, 789 30
Federal, state and other taxes due or accrued (estimated) 735, 457 55
Deposit for reinsurance reserve and accrued interest thereon 627, 949 20
All other liabilities 4, 001 39
Total liabilities, life business $134,255,719 72
Total liabilities, accident, health and liability business 24, 219, 229 51
Capital paid up 5,000,000 00
Unassigned funds (surplus) 14,027,416 91
Totalliabilities $177,502,366 14
EXHIBIT OF POLICIES.
Ordinary Group
No. Amount. No. Amount.
Issued during year 44,934 $206,838,146 493 $97,353,567
Terminated 20,093 59,266,235 47 173,037,120
In force at end of year 266,575 802,125,276 1.301 353,464,065
*For bases of valuation see Mi.scellaneous Statement, Canadian business.
LIFE INSURANCE COMPANIES 13
SESSIONAL PAPER No. 8
THE CANADA LIFE ASSURANCE COMPANY.
Statement for the Year ending December 31, 1920.
President and;General Manager, H. C. Cox; Vice-president, E. R. Wood; Secretary, CnARLEri
R. Acres; Actuary, W. A. P. Wood. — Head Office, 46 King St. We.st, Toronto, Ontario.
{For List of Directors see Appendix.)
(Organized August 21, 1847. Incorporated April 25, 1849, by Act of the Legislature of the late Province
of Canada, 12 Vic, cap. 168. Commenced business August 21, 1847.)
CAPITAL STOCK,
Authorized, subscribed and paid in cash $ 1,000,000 00
(For List of Shareholders see Appendix .}
SUMMARY BALANCE SHEET.
Assets. Liabilities.
Total ledger assets $72,413,690 41 Total liabilities $70,251,083 96
Non-ledger assets 3, 695, 246 61 Excess of assets over liabilities —
Capital stock paid
in cash $ 1,000,000 00
♦Surplus 4,857,853 06
5,857,853 06
Total assets $76, 108, 937 02 Total $76, 108, 937 02
SYNOPSIS OF LEDGER ACCOUNTS.
As at December 31, 1919 — Decrease in ledger assets in 1920 —
Net ledger assets $66,223,826 20 Disbursements $11,487,594 64
Items in suspense 47,545 54 Amount by which ledger assets.
were written down 88, 522 65
Total ledger assets $66,271,371 74 Total decrease $11,576,117 29
Increase in ledger assets in 1920 — As at December 31, 1920 —
Income $15,603,427 07 Net ledger assets $70,344,607 25
Increase in borrowed money — 2,000,000 00 Borrowed money 2,000,000 00
Profit on purchase of mortgages Items in suspense 69,083 16
K ■ - at discount 93 , 471 27
Adjustment of amounts held in
suspense 21 , 537 62
Total increase $17,718,435 96 Total ledger assets $72,413,690 41
Total $83,989,807 70 Total $83,989,807 70
ASSETS.
Ledger Assets.
Book value of real estate, unencumbered, held by the company {For details see Schedule A) .$ 3,556,696 00
Mortgage loans on real estate, first liens 23,968,950 34
Loans secured by bonds, stocks or other marketable collaterals {For details see Schedule B) . 1 , 127, 000 04
Amount of loans as above on which interest has been overdue for one year or
more previous to statement $ 1 , 781 , 972 36
Amount secured by the company's policies in force, the reserve on each policy
being in excess of all indebtedness —
Loans to policyholders $ 9,393,573 51
Advances to policyholders under automatic non-forfeiture provisions 445,423 28
Premium obligations 7, 484 93
9,846,481 72
Book value of bonds, debentures and debenture stocks owned by the company {For details
see Schedule C) 30, 631 , 724 93
Book value of stocks owned by the company (For details see Schedule D) 3, 123, 956 37
Cash: At head office, $1 , 052 . 24; in banks, $157, 828 . 77. {For details see Schedule E) 158j 881 01
Total L?dger Assets $ 72,413,690 41
*Ineluding $4,368,156 surplus contingently apportioned to deferred dividend policies issued prior to
January 1, 1911.
14
DEPARTMEST OF INSURANCE
:^ GEORGE V, a. 1921
The Canada Life — Continued.
ASSETS— Concluded.
Non-Ledger Assets.
Interest, dividends and rents, due and accrued —
Interest or dividends on — Due.
MortKaRes $ 598, 7.53 .57
( "oUateral loans
Honds and debentures 72, 462 3.5
Stocks
Premium notes, policy loans and liens 201,678 84
Total interest.
Rents
872,894 76
5,777 72
Accrued.
$ 774,849 68
1,825 07
.348,896 25
25,4.35 62
212,367 02
$ 1,363,373 64
If, 994 23
Total interest, dividends and rents, due and accrued.
$ 878,672 48 $ 1,381,367 87
Gross premiums, less reinsured — First Year. Renewal,
Due and uncollected .$ 141,277 91 $ 954,385
Deferred 102,395 09 416,965
Single.
24 $15,690 78
62
$ 2,260,040 35
Total $ 243 , 673 00 $1 . 371 , 350
Deduct commissions and estimated loss in collection 128, 740 45 82, 281
86 $15,690 78
05 941 45
Net premiums due and uncollected, and deferred.. ..$ 114,932 55 $1,289,069 81 $14,749 33
Consideration for annuities, less reinsured —
Due and uncollected $ 771 25 $ 1,505 23 $14,600 00
Deduct commissions and estimated loss in collection 19 28 37 63 365 00
Xet consideration for annuities due and uncollected,
and deferred i
751 97 $ 1,467 60 $14,235 00
1,418,751
16,454 57
Total Non-Ledger Assets $ 3,695,246 61
Total Assets $76, 108,937 02
LIABILITIES.
Net liability under assurance, annuity, and supplementary contracts in force for payments
not due, dependent on life, disability, or any other contingency or on a term certain
(see Statement of Actuarial Liabilities) $63, 997, 316 00
Net surrender values claimable under cancelled contracts 5, 204 48
Net liability for paj'ments due under contracts —
Death Matured En- Annuity
Losses. dowments. ('laims.
Adjusted but unpaid $146,769 80 $ 51,102 19 $ 30,249 11
L^nadjusted— Ordinary 286,558 16
Group 500 00
Totals $433,827 96 $ 51,102 19 $ 30,249 11
Provision for unreported death losses and disaVjility claims
Amounts left with the companj^ (arising out of assurance contracts) including interest accu-
mulations—
Dividends, $60,503; all other amounts, $2,278
Received from policyholders in advance: — Premiums, $63,860.62; interest, $52,864.59
Net dividends to policyholders due and unpaid
Premium reductions on outstanding premiums and annuity consideration
Net profits allotted to deferred dividend policies issued on and after January 1, 1911
Profits apportioned to annual, quinquennial and deferred dividend policies payable to
policyholders in the year following tlie date of account
Provincial, municipal and other taxes due and accrued
Balance of shareholders' surplus account
Salaries, rents and office expenses, due and accrued
Medical examiners' fees due and accrued '.
Commissions to agents due and accrued
Advance payments other tlian from policvholders: —
Rents, $83.09; interest, $433.47 ' :
Borrowed money
Reserve, special, or surplus funds not included above —
Investment Reserve Fund
Contingent Reserve Fund
Staff Savings and Benefit Fund
Items in suspense
515 179 26
75,000 00
62,781 00
116,725 21
196,337 33
9,843 16
440,1.30 00
1,516,560 00
129,104 17
468 175 65
15,618 19
5,127 50
11,233 16
516 56
2,000,000,00
184.670 72
315,329 28
180,876 33
5.355 96
Total Liabilities $70,251, C83 96
LIFE INSURANCE COMPANIES 15
SESSIONAL PAPER No. 8
The Canada Life — Continued.
SHAREHOLDERS' SURPLUS ACCOUNT.
Balance, December 31, 1919 $ 281,983 28 Dividends to shareholders $ 150,000 00
Interest added during 1920 75, 689 12 Proportion of expenses 3, 343 26
Shareholders' proportion of profits— Income Tax 8,949 16
Participating account 280, 060 67 Special expenditures 7, 265 00
Balance, December 31, 1920 468, 175 65
Total $ 637,733 07 Total $ 637,733 07
INCOME.
First Year. Renewal. Single.
Assurance premiums $ 2,074,088 71 $ 7,397,772 13 1*2,366,160 11
Less reinsurance premiums paid. . . • 160,035 00 436,592 73
Total net premiums $ 1,914,053 71 $ 6,961,179 40 $ 2,366,160 11
[1,241,393 22
3.35,135 42
Total group premiums 24,038 11
Consideration for annuities I 4,11174 $ 28,423 35 $ 302,600 33
Total net premium income and consideration for annuities $11,600,566 75
Con.sideration for supplementary contracts —
Involving life contingencies, $44,430; not involving life contingencies, $22,474 66,904 00
Amounts left with the company at interest (arising out of assurance contracts) —
Dividends, $19,069.74; all other amounts, $60.56 19,130 30
Interest, dividends and rents —
Gross interest or dividends on —
Mortgages (less $52,161.39 paid for accrued interest on mortgages
acquired during year) $ 1 , 421 , 654 48
Collateral loans 69, 701 75
Bonds and debentures (less $226,555.18 paid for accrued interest on
bonds acquired during year) 1 , 497, 465 29
Stocks 180, 279 55
Premium notes, policy loans and liens 538,301 60
Total $ 3,707,402 67
Gross rents for company's property (including $65,056.01 for company's
occupancy of its own buildings) less $256,306.59 for taxes, expenses
and repairs in connection with such properties 48,090 49
Total interest, dividends and rents 3,755,493 16
Income from all other sources —
Contributions from employees and grants from company to Staff Savings and Benefit
Fund 54,615 45
Gross profit on bank exchange 15,851 71
Gross profit on sale or maturity of ledger assets —
Real estate, $1,000; bonds, $65,152.62; stocks, $24,713.08 90,865 70
Total Income $15,603,427 07
DISBURSEMENTS.
Death Matured Disability
In respect of assurance contracts — Claims. Endow- Claims.
Death, endowment and disability claims — ments.
Amount assured— Ordinarv $ 2,431,853 25 $ 1,016,293 50 $ 300 00
Group 6,300 00
Bonus addition 183,956 66 47,847 88
Total $2,622,109 91 $1,064,14138 $ 300 00
Less received for reinsured 41,632 33 5,000 00
Nettotal $2,580,477 58 $1,059,14138 $ 300 00
— . ■ $3,639,918 96
•Including $1,413,886.23 single premiums paid by application of assurance dividends.
16
DEPARTMENT OF IX!^ih'A.\<l-:
11 GEORGE V, A. 1921
The Canada Life — CotUinued.
DISBURSEMENTS— ConcMed.
Net surrender values $ 1,426,312
Net dividends —
In eash $ 1 , 290, 170 71
Left with the company at interest 19,069 74
Applied as single premiums— ^
To purchase bonus addition $ 1, 178,746 00
To purchase premium reduction 234,253 03
To shorten the endowment or premium period.. . . 887 20
1,413,886 23
Total net dividends 2, 723, 126 68
In respect of life annuity contracts —
Cash payments to annuitants $ 326, 942 92
Net surrender values 688 23
327,631 15
Total net disbursements In respect of assurance and annuity contracts.. $
Net payments from StafT Savings and Benefit Fund
Net payments on supplementary contracts —
Involving life contingencies, $10,366.05; not involving life contingencies, $27,521.33. . . .
Net reduction in premiums resulting from application of dividends
Amounts left with the company and interest accumulations withdrawn —
Dividends, §9,562.74; all other amounts, $2,433.33
Interest or dividends to shareholders
*Taxes, licen.ses and fees (including taxes on investments but excluding taxes on real estate.
*Head office expenses:— Salaries, S.384,491.22; directors' fees, $18,000; auditors' fees, $4,000;
travelling expenses, $17,324.32; rents, $38,566.85; miscellaneous, $20,802.63
*Branch office and agency expenses: — Assurance commissions — first year, $1,013,197.08;
renewal, $.374,298.58; Annuity commissions— first year, $3,363.45; renewal, $.551.79;
advanced to agents, $.55,264.20; salaries, $288,411.15; travelling expenses, $147,432.62;
rents, $69,189 80; miscellaneous, $11, 973. .54
*A11 other expenses: — Advertising, $42,161 .59; books and periodicals, $4,215.98; express,
telegrams and telephones, $20,728.04; legal fees, $20,256.36; medical fees, $103,782.01;
office furniture, $52,072 37; postage, $26,236.98; printing and stationery, $78,177.31;
commissions on loans. $13,244.94; exchange, $1,036.22; light and fuel, $3,947.05; inspec-
tion of risks, $9,732.85
Company's grants to Staff Savings and Benefit Fund
Special expenditures charged to shareholders' account
Gross loss on sale or maturity of ledger assets: — Bonds
8,116,989 77
1,592 92
37,887 38
81,929 44
11,996 07
1.50.000 00
214,057 90
483,185 02
1,963,682 21
375,. 591 70
34,403 35
16,214 16
64 72
Total Disbursements $11,487,594 64
EXHIBIT OF ANNUITIES.
Arising out of Life Assurance Contracts.
Classification.
Annuities
Proper.
Involving
Life
Contingencies.
Not Involving
Life
Contingencies.
Disability
Annuities.
Totals.
No.
Annual
Payment
No.
Annual
Payment .
No.
Annual
Payment .
No.
Annual
Payment.
No.
Annual
Payment .
At end of 1919
1,249
110
S cts.
.374,428 21
48,367 88
21 87
18
5
$ cts
8.591 91
2,279 12
76
8
S cts.
23,483 64
1,500 00
2
5
$ cts.
300 00
1,540 00
1,.345
128
1 cts.
406,803 76
53,687 00
21 87
Totals
1,359
422,817 96
23
10,871 03
84
24,983 64
7
1,840 00
1,473
460,512 63
Le3S ceased by: —
Death
33
3
5
1
5
9,764 38
259 28
301 56
116 80
3,680 08
1
200 00
34
7
5
1
5
9,964 38
4
3,000 00
3,259 28
Surrender. .
301 56
Lapse
116 80
Not taken..
3,680 08
Total ceased
47
14,122 10
4
3,090 00
1
200 00
52
17,322 10
At end of 1920
1,312
408,695 86
23
10,871 03
80
21,983 64
6
1,640 00
1,421
443,190 53
Reinsured
496 87
496 87
*Investment expenses included in the.se items: — Salaries: Head Office, $37,869.93; Branch Offices,
$65,0.58.20; travelling expenses: Head Office, $3,851.67, Branch Offices, $21,306.33; taxes on investments,
$10,082.86; commi.ssions on loans, $13,244.94; rents, $11,605.72; directors fees, $3,000; auditors' fees,
$2,000; express, telegrams and telephones, $2,582.31; legal fees, $8,796.37; office furniture, $1,870.92;
postage, $2,5.58.54; stationery, $4,403.03; miscellaneous, .$4,9.55.02. Total investment expen.ses, $193,185.84
LIFE INSURANCE COMPANIES
17
SESSIONAL PAPER No. 8
The Canada Life — Continued.
EXHIBIT OF POLICIES (Ordinary).
(For policies herein included involving disability benefits see Abstract.'/
Classification.
Whole Life.
Endowment
Assurances.
Term
and other.
Bonus
Additions.
Totals.
No.
Amount.
No.
Amount .
No.
Amount.
No.
Amount .
At end of 1919
New issued
Old revived
7.3,146
14,229
248
$ cts.
175,908,011 62
45,429,482 00
519,205 50
23,486
5,313
44
$ cts.
43,264,949 50
12,668,116 00
67,743 00
1,265
346
27
S cts.
5,408.256 00
2,302,195 00
61,000 00
$ cts.
5,213,050 13
1,356,525 68
3,266 .55
80,678 56
97,897
19,888
319
207
$ cts.
229,794.267 25
61,756,318 68
651,215 05
80,678 56
207
771,183 00
771,183 00
Totals ....
87,830
222,627,882 12
28,843
56,000,808 50
1,638
7,771,451 00
6,653,520 92
118,311
293,053,662 54
Less ceased by: —
Death.
912
2,212,059 25
140
485
247, 989 00
977,999 50
5
46,000 00
187,405 30
47,668 91
1,057
485
82
3
1,545
2,809
L046
207
2,693,453 55
1,025,668 41
3
79
389,937 00
•389,937 00
Disability
3
1,114
2,308
9,009 00
2,579,425 50
5,185,672 50
126.995 00
2,807,591 00
9,009 00
431
435
223
16
912,609 00
1,091,977 00
37,894 00
575,698 00
20,172 00
66,862 79
3,277 54
81,521 26
3,558,897 29
66
15
191
314,487 00
26,627 00
45,000 00
751,011 00
6,595,414 04
273,0.37 26
808
3,428,289 00
771,183 00
Total ceased ....
5,148
82,682
12,920,752 25
1,730
3,864,338 50
356
1,573,062 00
.386,735 80
7,234
18,744,888 55
At end of 1920
209,707,129 87
27,113
52,136,470 00
1.282
6,198,389 00
6,266,785 12
111,077
274,308.773 99
10,055,722 84
1,417,867 52
593,848 18
76,721 72
12,144,160 26
MISCELLANEOUS
New policies issued and paid for in cash: — Number, 18,524; gross amount, $57,468,613.68; reinsured
in other Hcensed companies, $3,271,646.38.
Claims reinsured: — Death claims, $37,520.00; Bonus, additions, $4,112.33; matured endowments,
$5,000.00.
Total amount in force divided as to dividend plan: — Annual, $42,410,955.00; quinquennial, $161,580,
651.99; deferred, $42,859,723.00; bonus additions, $6,266,785.12; non-participating, $21,190,658.88. Total,
$274,308,773.99.
EXHIBIT OF POLICIES (Group)
Classification
Term and other
No. of
Policies
No. of
Employees
Amount
Assured
New issued
19
2,330
489
$
2,183,970
New ernployees insured during 1920 under policies after date of
original issue
257,000
Increase in insurance on individual lives
304,380
Total
Less ceased:^
Employees —
By termination of employment:
With conversion
19
2,819
2,745,3.50
1
497
8
600
Without conversion
379,500
By death
6,800
Total ceased
506
386,900
At end of 1920
19
2,313
2,-358,450
8—2^
18
DEPARTMENT OF lySVRANCE
11 GEORGE V, A. 1921
The Canada Life — Continued.
MISCELLANEOUS
New policies issued and paid for in cash: — Number, 18; gross and net amount, $2,148,470.
STATEMENT OF ACTUARIAL LIABILITIES
Assurance Section
Class of contract
Gross in force
Reinsured in companies
licensed in Canada
Number
Amount
Reserve
Amount
Reserve
Ordinary with Profits' —
Life
78,536
25,812
51
S cts.
197,805,877 99
48,849,558 00
195,894 00
6,266,785 12
(74,445 55)
$
39,298,572
14,462,403
12,023
3,961,784
325, 184
S cts.
9,486,340 34
1,361,287 00
1,982 18
75,578 72
$
1,172,961
205,545
Term etc
37
47,059
.
Totals
104,399
253,118,115 11
58,059,966
10.925,188 24
1,425,602
Ordinary without Profits: —
Life
4,146
1,302
1,230
11,901,251 88
3,287,005 00
6,002,402 00
2,503,403
1,123,032
50,452
720,025 50
41,080 52
457,866 00
106,778
22,924
Term etc
4,767
Totals
6,678
21,190,658 88
3,676,887
1,218,972 02
134,469
Group without Profits: —
Term etc
19
2,358,450 00
18,387
Grand Totals
111,096
276,667,223 99
61,755,240
12,144,160 26
1,560,071
ANNxnTY Section
Class of annuity
Gross in force
Reinsured in companies
licensed in Canada
Number
Annual
payment
Reserve
Annual
payment
Reserve
With Profits:—
Supplementary^ contracts: —
Involving life contingencies.. . .
Not involving life contingencies
21
73
6
$ cts.
8,386 73
20,835 31
1,640 00
S
157,030
246,623
12,164
S cts.
$
Totals
100
30,862 04
415,817
Without Profits:—
1,312
2
7
408,695 86
2,484 30
1,148 33
3,339,576
37,400
16,834
Supplementarj- contracts: —
Involving life contingencies. . . .
496 87
7,480
Totals
1,321
412,328 49
3,393,810
496 87
7,480
Grand totals
1,421
443,190 53
3,809,627
496 87
7,480
LIFE INSURANCE COMPANIES IS
SESSIONAL PAPER No. 8
The Canada Life — Continued.
SUMMARY OF RESERVE
With Without Total
Profits Profits
Total reserve, policy and annuity contracts $ 58,475,783 $ 7,089,084 $ 65,564,867
Total reserve on reinsured contracts 1,425,602 141,949 1,567,551
Total net reserve on the Company's basis of valuation $ 57,050, 181 $ 6,947,135 $ 63,997,316
Deduction therefrom permitted under Section 43 (3), Insurance
Act, 1917 (none made) (1,056,148) (50,507) (1,106,655)
Net reserve carried in the liabilities $ 57,050,181 $ 6,947,135 $ 63,997,316
Net reserve estimated on the statutory basis (without deduc-
tion) $ 55,771,632 $ 6,947,135 $ 62,718,767
Reserve maintained by the Company in excess of the statutory
reserve $ 1,278,549 $ 1,278,549
MISCELLANEOUS STATEMENT
I. The calculation of the "Reserve" in the "Statement of Acturial Liabilities" —
(1) The valuation of Assurances was made on the basis of the Hm Table of Mortality with interest
at 3 per cent for all participating assurances issued since 1899 and at 3^ per cent for all other assurances and
bonus additions. The valuation of annuities was made on the O [af] and O [am] 3| per cent basis.
Policies were valued in groups and annuities individually. All policies issued in the same year were grouped
according to system, plan and age at entry, and endowment assurance and term policies in addition were
combined for groups of ages taken asat the central age of each group, namely, 25, 32, 37, 42,47; ages after 50
not being combined into age groups. The valuation was made from tables of "mid year" values calculated
on the net premium method, the age at entry for valuation purposes being the age used in determining the
office premium and the duration N+5 where N is the difTerence between the year of issue and 1920. Annuities
were valued at attained age, taken as the age nearest birthday on December 31, 1920, except reversionary
and deferred annuities with annual premiums, which were valued by the same method as assurances.
Special classes: —
(a) The few policies issued on lives resident in tropical or sub-tropical countries were valued on the
same basis as policies issued at regular Canadian rates.
(b) Policies issued at premiums corresponding to ages higher than the true ages were valued at the
rated up ages.
(c) Policies providing forpayment at death during certain periods of an amount less than the full
amount of assurance, being policies subject to liens, were valued as if the full amount were payable without
any deduction.
(d) No extra reserve is held for policies issued at or subsequently subject to an extra premium whether
payable in one sum or annually. The normal reserve only is held.
(e) Except as above, no policies are issued on sub-standard lives.
(f) In the case of policies providing for disability benefits (1) before occurrence of disability, the
reserve held is one-half the gross premiums accumulated at valuation rate of interest; (2) after occurrence
of disability, the reserve held for waiver of premium benefit is the present value of the future premiums
payable on the basis of Hunter's table of annuities of disabled lives (T.A.S.A. Vol. XII, page 44) and the
reserve held for instalment benefit is the present value of the unpaid instalments.
(g) Annuities issued on lives classed as under-average were valued at the rated-up age.
(2) Items of special reserve: — •
(a) No extra reserve is held under limited and single premium policies on account of prepaid or limited
loadings and no additionnal reserve is made under immediate annuities to cover future expenses.
(b) Where the value of the guaranteed benefits in a policy is in excess of the normal net premium
reserve, the excess of such value over the normal reserve was valued as a pure endowment and the reserves
thus obtained were added to the normal policy reserves.
(c) No reserve, in excess of the cash surrender value is held on account of lapsed policies not continued
in force under the automatic non-forfeiture provisions, but being subject to reinstatement.
(d) The company does not issue term policies that contain option of renewal.
(e) No reserve is maintained to cover the option of conversion under convertible term policies.
II. Under the special class policies referred to in 1 (1) (a) to (f) the only modifications or limitations
regarding guaranteed values are that in (a) such values are the same as for policies issued at Home rates,
in (b) guaranteed values are granted at the rated-up age and in (c) the amount of paid-up insurance and of
extended insurance is subject to a lien.
III. The average rate of interest earned during the year on the mean net ledger assets was 6-10 per
cent.
IV. The distribution of surplus: —
(a) The distribution of surplus as between shareholders and policyholders was made on basis of 10
per cent to the shareholders and 90 per cent to the policyholders.
20 DEI'ARTilEXT OF INSURAXCE
11 GEORGE V, A. 1921
The Canada Life — Couiinued.
MISCELLANEOUS STATEMENT— Condiwferf.
Distribution of profits to policyholders
qlinquexnial dividends
The surplus belonging to quinquennial and annual dividend policies is kept distinct from the surplus
of the deferred dividend policies. It is further subdivided into two sections, (1) that arising from quin-
quennial policies issued prior to Januar>- 1, 1900, and (2) that arising from quinquennial and annual dividend
policies issued since that date. In section i\) the method of distribution is what is termed the simple
uniform reversionary bonus method. At last declaration at 31st December 1919, life and endowment
assurances were allotted a reversionarj' bonus of 1| j er cent per annum.
In section (2) for quinquennial policies a two-factor contribution method has been adopted using the
factors (a) gain from interest (b) gain from loading on the following basis: —
Loading Basis O (m) 3 per cent.
Net interest rate assumed 4j "
Reserve Basis Hm 3 "
The interest surplus was taken as \\ per cent of the mean reserve for each policy year. The loading
surplus for each policy year was obtained by applying the loading factor to the loading after deducting
7^ per cent of the gross premium. The loading factors were 0-9o, 1 025, 1 05 and 1-075 for the first, second,
third and fourth quinquenniums, respectiveh'. The sum of the two elements was accumulated to the end
of the quinquennium at 45 per cent and 90 per cent of this accumulation was allotted to the respective
policies. Cash dividends were converted into pai-d-up insurance or premium reductions on the basis of
net Hm 3| per cent.
Bonus additions may be surrendered at any time, the cash value being the net Hm Z\ per cent value.
ANNUAL DIVIDENDS
The distribution of surplus to annual dividend policies was made on the same basis as for quinquennial
policies, except as regards the loading factor. The loading factors for the first six years were 0-91, 0-92,
0-93, 0-94, 0-95 and 0-96 respectively.
DEFERRED DIAIDENDS
The deferred dividend policies are kept entirely distinct from the other classes of policies. The
Assurance Fund for Deferred Dividend policies is credited with all premiums of that class and also with
its share of the interest income, and it benefits by the lapses and surrenders of policies in that class while
on the other hand, it is charged with the claims and surrender values arising under this class of policies
and also with its share of the Company's expenses. A seperate valuation of these policies shows the liabil-
ities of this section. Thus the accumulations of the Deferred Dividend policies are kept strictly separate
from the other funds. Furthermore, within the Deferred Dii'idend Fund the various years of issue are
treated similarly so that each year of issue is in reality a separate fund in itself. The Assetsand Liabilities
being determined separately for each year of issue the resultant surplus after deduction of 10 per cent gives
for each year of issue the amount contingently apportioned to Deferred Dividend policies issued prior to
the 1st Januar>% 1911. and the amounts absolutely apportioned to Deferred Dividend policies issued since
the first of Januarj-, 1911. This method is followed from j'ear to year and when the end of a dividend
period is reached the surplus is distributed in accordance with a modification of the contribution method,
and policyholders have several options at their disposal as to the application of their share of accumuiated
surplus.
The method used in computing the dividends shown in schedule for those policies whose deferred
dividend periods matured in 1920 is given herewith: —
Dividend Period 10 vears 15 years 20 years
Reserve basis Hm 3% Hm 3% Hm 3%
Net interest rate assumed 41% 41% 4?%
Interest Surplus factor U% 1^% 1|%
Loading Basis 0(m) 3% O (m) 3% O (m) 3%
Loading Surplus factor 75% 90% 115%
A two factor method was employed. The interest factor was applied to the mean reserve for each
year, The loading surplus factor was applied to the loading after 71 per cent of the gross premium was
deducted. ComVjining the two elements and accumulating the end of the dividend period gave total
surplus 90 per cent of which was allotted to policyholders.
(c) All annuities are non-participating.
DEFERRED DIVIDEND POLICIES.
Issued prior to .January 1, 1911, and Amount of Profits contingently apportioned thereto.
Year Total Profits Year
of net amount contingently of
Issue. in force. apportioned. Issue.
1889-1899 % 11,000 $ 3,351 1906
1901 2,144,789 * 1907
1902 2,685,951 621,206 1908
1903 3,582,964 7-50,088 1909
1904 3,583,624 709,136 1910
1905. 3,373,404 .588.455
Total
Profits
net amount
contingently
in force.
apportioned.
$ 3,227,135
% 424,728
3,821,639
541 , 606
2,693,927
299,770
2,558,123
258,946
2,312,088
170,870
§ 29,994,644
S 4,368,156
*Profits definitely apportioned and payable in 1921 are included in Liabilities.
LIFE INSURANCE COMPANIES
21
SESSIONAL PAPER No. 8
The Canada Life — Continued.
DEFERRED DIVIDEND TOLICIES— Continued.
Issued on and after January 1, 1911, and Amount of Profits credited thereto.
Year
of
Issue.
1911..
1912..
1913..
1914..
Total
net amount
in force.
; 2,386,882 $
2,833,577
2,341,023
1,891,37.5
Profits
credited.
161,061
158,121
77,451
35,554
Year
of
Issue.
1915..
1916..
1917..
1918..
Totals $
Total
Profits
net amount
credited.
in force.
$ 1,213,800
$
7,943
557,161
Nil.
360, 294
Nil.
226,319
Nil.
.$ 11,810,431
$
440, 130
Schedule A.
Real estate — Actual cost.
Alberta—
Calgarv, Lots 18, 19 and 20, Blk. 65, Plan A, S.W.
corner Eighth Ave. and Second St. W $ 528, 231 37
Edmonton, Part, Lot 22 and 23, River Lot 6, Plan F.
S.E. corner Rice St. and First St. W 79,842 75
Rural properties 150,091 88
British Columbia—
Vancouver, Lot 4 and E. 18 ft. of Lot. 3. Blk. 23, Sub-
div. 541, Grp. 1, No 640 Hastings St. W 371 ,315 94
Manitoba —
Rural properties 99, 123 14
Ontario —
FortWilliam, No. 411, Lot 28 on W.S. Syndicate Ave.. 10,713 75
Ottawa, W.i Lot 24, N. side Sparks St. (No. 75) 116,877 .50
Toronto, Part E. ^ of W. | and W. i of E. ^ of Lot 4 on
N. side King and E. side Bay St 783,235 56
S. part W. quarter of Lot 4 220,000 00
Toronto, 103 Bay St., Part Lot 4 229, 100 48
Toronto, 107 Bay St., Part Lot 4 176,762 12
Toronto, Lot 6, S. side King St., rear 79 King St. West- .57. 684 89
Toronto, 385-395 Yonge St. and 1-11 Gerrard St. E.,
Lots 35 and 36, Plan 22 A 05, 470 37
Quebec —
Montreal, Lot 190, West Ward, cor. St. James and St.
Peter Sts 683, 890 00
Saskatchewan —
Regina, Lots 37, .38, 39 and 40, Blk. 308, N.E. cor. 11th
and Cornwall Sts 506,965 06
Rural properties 90,533 11
England —
London, 15 King St., E. side .53,164 28
Book value.
Department's
value.
$ 425,000 00 $ 600,000 00
51,842 75
1.50,091 88
.320,000 00
99.123 14
10,713 75
116,877 50
694,867 89
220,000 00
61,600 48
66,762 12
57,684 89
10,000 00
681,898 .53
450,000 00
90, .533 11
49,700 00
100,000 00
225,448 00
4.50,000 00
156,350 00
28,000 00
125,000 00
900,000 00
400,000 00
61,600 48
66,762 12
60,000 00
50,000 00
700,000 00
600,000 00
119,448 00
104,146 66
$ 4,223,002 20 $ 3,556,696 04 I 4,746,755 26
Schedule B.
Loans secured by bonds, stocks or other marketable collaterals-
Par valu(!.
Market value.
Amount
loaned.
Rever.'iionary interest under will and Canada Life
Policy No. 120,064 for $10,000 $ $
500 shares Toronto Savings and Loan Co 50,000 00
20 bonds Petrolia Gas Co 20,000 00]
395 shares Petrolia Gas Co 39, 500 00 [
195 shares Petrolia Electric Light Co., Common 19,500 OOf
45 shares Petrolia Electric Light Co., Preferred 4,500 OOJ
Assignment of First Mortgages to this Company
$ 133,500 00 $ 170,157 00 $1,127,000 00
20,1.57 00
125,000 00
25,000 00
12,000 00
100.000 00
15,000 00
1,000,000 00
22 DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
The Canada Life — Continued.
Schedule C.
•Bonds and debentures— Department's
Governments— Par value. Book value. value.
Canada
Registered Stock $ 73,000 00 $ 48,742 05 $ 48,742 05
Stock.... 366,604 80 279,163 19 280,010 53
\ictory Loan.. 11,836,000 00 11,801,604 85 11,801,66485
Provinces of Canada —
Alberta— Registered stock 18,493 33 14,109 67 14 109 67
British Columbia— Inscribed Stock 121,666 63 97,844 33 97 844 33
Manitoba— Debentures 108, 666 66 97, 944 45 98,' 646 45
>. T, Registered Stock 69,739 33 53,736 30 53,736 30
New Brunswick— Debentures 50,000 00 48,375 00 48,375 00
Nova Scotia— Debentures 36, 500 00 26, 502 65 2fi, 502 65
Redeemable Stock 12,16666 8,098 13 8,098 13
Ontario— Annuities 25,964 77 25,964 77 22,849 00
Debentures 123,000 00 119,484 90 119,484 90
Registered Stock 182,013 32 132,270 73 135,164 36
Quebec— Inscribed stock 159, 553 60 105, 327 39 105, 327 39
Registered Stock 68, 133 33 57,757 37 61,320 00
Saskatchewan — Registered Stock 90,276 65 69,329 91 70,627 65
Other Governments in British Empire —
Great Britain and Ireland— Bonds 1,200,000 00 1,200,935 76 1,200,935 76
National War Bonds... 715,399 98 691,690 19 691,690 19
War Loan 729,999 99 688,901 00 688,901 00
Newfoundland— Bonds 416,333 31 345,494 93 330,620 70
Inscribed Stock 53,066 66 52,574 10 43,327 44
Other Governments —
United States of America— Liberty Loan 50,000 00 50,000 00 50,000 00
$16,506,579 02 $16,015,911 67 $15,997,978 35
Cities —
Alberta —
Calgary $ 34,199 99 $ 29,402 40 $ 29,996 00
Edmonton 72,823 37 72,573 10 67,297 49
Lethbndge 11,660 66 11,615 02 11,33168
Medicine Hat 53,929 50 54,27190 48,560 01
Strathcona 49,663 10 48,376 18 42,817 00
Wetaskiwin 59,007 67 54,098 17 53,149 26
British Columbia —
^ Cranbrook 15,000 00 15,000 00 12,15000
L Kamloops 88,000 00 87,707 33 86,000 00
, Kelowna 35,000 00 36,392 06 33,380 00
I Nanaimo 75,000 00 75,000 00 66,400 00
. Nelson 25,000 00 25,000 00 23,000 00
, North Vancouver 27,000 00 27,584 01 22,680 00
L Revelstoke 20,000 00 20,000 00 17,800 00
, Vancouver , 179,993 31 157,548 02 135,68185
;. Vernon 25,000 00 25,000 00 22,250 00
Victoria 361,000 00 355,48192 325,400 00
Manitoba — ■
Brandon 93,975 83 85,548 75 84,607 03
Portage la Prairie 10, 000 00 9, 174 32 9, 174 32
St. Boniface 53,000 00 50,196 46 48,760 00
Winnipeg 214,726 62 177,67181 178,664 55
Nova Scotia —
hi Halifax 35,000 00 29,578 96 30,100 00
^Sydney 55,000 00 57,339 07 50,050 00
Ontario —
Chatham 80,902 71 79,846 50 79,846 50
Fort William 82,730 62 80,340 19 78,518 49
Hamilton 128,966 66 125,338 80 115,096 66
Kitchener • 55,377 64 54,48172 54,434 99
London 75,000 00 58,290 00 58,290 00
Niagara Falls 12,160 79 11,928 83 11,648 90
Port Arthur 112.787 92 110,012 58 103.219 89
St. Catharines 104,653 76 101,840 57 103,09147
St. Thomas 8,644 99 8,628 62 8,218 56
i^arnia 20,382 32 20,304 22 20,289 94
Sault Ste. Marie 65,000 00 61,326 32 60,557 42
Stratford ; 65,000 00 63,036 65 62,966 00
Toronto 1,165,8.39 93 1,033,680 46 994,065 17
NVindsor 74,422 12 74,612 99 71,996 17
*0f which are on deposit with Receiver General:— City of Victoria, $53,000; Town of Seaforth, $10,000
LIFE INSURANCE COMPANIES
23
SESSIONAL PAPER No. 8
The Canada Life — Continued.
Schedule C — Continued.
Bonds and debentures — Continued.
Cities — Concluded. Par value.
Quebec —
Hull .S 162, 200 00
Laehine 50, 000 00
Maisonneuve 85, 000 00
Montreal 35.3. 608 70
St. Hyacinthe 34,373 61
Sherbrooke 52, 000 00
Verdun 78,000 00
Saskatchewan —
Moose Jaw 119,504 47
Prince Albert 238,418 69
Regina 143, 133 33
Saskatoon 30,000 00
Lnited States of America —
Cleveland 100,000 00
New York 105,000 00
Book value. Department's
$
157,169 17
48,395 85
85,995 99
280,821 03
32,. 582 48
.52,462 07
78,298 62
118,651 97
148,811 49
129,289 80
31,388 49
106,469 54
104,995 13
value.
148,074 00
46,500 00
76,000 00
279,059 48
28,530 09
48,880 00
75,755 74
107,725 65
119,209 34
128,350 64
27,000 00
113,000 00
101,900 00
$5,197,088 31 $4,763,559 56 $4,521,474 29
Towns —
Alberta —
Camrose $ 28,500 02
Cardston 10, 000 00
Carmangay 16,928 19
Claresholm 13, 204 90
Didsbury 15, 532 35
High River 12, 040 53
Macleod 25,000 00
Nanton 9, 125 82
Red Deer 43,751 01
Six other towns, par value for each not exceeding
$6,300 27, 152 90
Manitoba —
Neepawa 29, 000 00
Souris 10, 579 39
Nine other towns, par value for each, not exceeding
$9,000 39,524 85
New Brunswick —
Campbellton 54 , 000 00
Newcastle 53, 000 00
N'ova Scotia —
Liverpool 18, 500 00
Pictou 25, 000 00
Stellarton 18 , 000 00
Truro 65, 000 00
Two other toMTis, par value for each, not exceeding
$8,000 14,600 00
Ontario —
Brampton 58,366 06
Collingwood 17,353 94
Dunnville 21 , 673 39
Fort Francis 30, 990 27
Gravenhurst 48, 318 75
Haileybury 11,204 92
Ingersoll 125, 000 00
Kenora 26,0.32 55
New Liskeard 10,759 14
NorthBay 12, 927 24
Oakville 23,006 59
Oriilia 32, 248 95
Oshawa 73,665 82
Penetanguishene 11,793 01
Rainy River 15,000 00
Renfrew 12,971 82
Seaforth 46,000 00
Smiths Falls 18, 081 07
Thorold 35,268 47
Wallaceburg 28, 840 97
Walkerville 19, 029 46
Weston 44, 870 94
Whitby 16,059 37
28,183 53
10,471 33
16,712 31
12,892 00
15,578 28
12,182 83
25,000 00
9,125 82
45,549 02
27,289 04
28,930 67
10,478 10
38,980 50
54,532 37
47,561 50
18,500 00
25,000 00
18,220 32
65,589 96
14,600 00
58,414 74
17,732 41
19,749 00
30,990 27
48,602 79
11,204 92
120,818 95
26,032 55
10,641 90
12,927 24
22,454 70
32,842 92
70,997 75
11,913 91
15,000 00
13,458 84
45,872 10
18,081 07
35,2.59 13
28,840 97
17,652 62
44,870 94
16,0.59 36
23,939 29
10,000 00
15,743 21
12,025 44
14,600 41
11,3.53 45
20,750 00
8,395 75
42,491 66
25,772 84
26.470 00
10,0.53 09
36,430 59
45,444 00
41,110 00
15,170 00
21,000 00
15,740 00
56,550 00
13,172 00
56,716 33
16,312 70
20,707 17
29,440 75
44,821 83
11,019 03
111,2.50 00
23,689 62
9,790 82
12,280 87
22,269 83
29,991 52
62,572 23
11,085 42
13,050 00
13.471 43
42,880 00
16,912 61
37,180 85
28,075 01
18,068 21
43,524 80
16,219 69
24
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
TnK Canada Life — Continued.
Schedule C — Continued.
Bonds and debentures — Continuid.
Towns — Concluded. Par value.
Ontario — Concluded.
Wiarton $ 19,206 14
Wingham 18, 2<)0 00
Tliirtv other towns, par value for each, less than
$9,500 135,562 65
Prince Edtvard Island —
Summerside 25, 000 00
Qiifhci — •
rhicoutimi 18, 1.37 59
Montcalm 21,000 00
Richmond 13,7.38 27
St . Jerome 66, 066 09
St. Johns 37,285 78
Two other towns, par value for each, less than $9,800 12, 851 44
Saskatchciran —
Battleford 33,901 57
Kindersley 25,035 95
Maple Creek 10, 380 08
Melville 25,000 00
Outlook • 13,508 66
Scott ■ 40, 359 80
Swift Current 49,558 51
Yorkton 89,0.54 83
Wcyburn 40,997 71
Thirteen other towns, par value for each, less than
$9,600 58,508 35
Book value.
$ 19,226 36
18,290 00
134,949 49
25,736 95
18,480 07
22,102 .52
13,738 27
65,860 49
36,764 08
13,170 98
.553 42
25,823 57
10,380 08
24,412 50
13,283 66
10,359 80
54,667 26
86,995 33
.39,605 57
59,269 02
Department's
value.
$ 17,998 10
19,021 60
127,328 67
23,750 00
15,. 388 41
20,370 00
14,013 03
.57,792 87
.30,079 08
11,750 88
23.281 57
23,283 43
8,304 06
21,000 00
11,347 27
10,3.59 80
48,303 18
80,269 99
36,217 89
55,089 61
$ 2,021,346 11 $ 1,949,466 68 $ 1,812,492 16
Villages —
Alberta —
Champion S
Manitoba —
Five villages, par value for each, less than $3,400
Oniano—
Chesterville
Eganville
Fenelon Falls
Grimsbj^
Morrisburg
Norwich
New HamVjurg
Five other villages, par value for each, less than
$3,200
Quebec —
Two villages, par value for each, less than $1,500
500 00 $
10,303 40
5,576 51
5,590 04
24,7.55 00
7,430 53
8,091 84
8,593 23
6,354 48
5,969 57
2,575 85
494 81 $
10,318 63
5,, 576 51
5,355 54
24,755 00
7,430 53
7,952 66
8.593 23
5,966 .53
5,989 09
2.594 67
485 00
9,757 05
5,409 21
5,086 93
22,774 60
6,687 47
7,039 90
8,279 91
6,036 75
5,711 99
2,461 22
$ 85,740 45 $ . 85,027 20 $
79,7.30 03
Townships, Districts or Muniiipalities —
British Columbia —
Bumaby $ 11,50000 $ 12,166 14 $ 11,61500
Coldstream 25.000 00 25,000 00 21,2.50 00
Coquitlam 25,000 00 25,000 00 21,7.50 00
• Esquimalt .39,000 00 32,246 37 31,980 00
North Vancouver 55,000 00 55,000 00 46,200 00
Oak Bay 70,000 00 70,006 80 61,8.50 00
Peachland 8,500 00 8,. 500 00 7,525 00
Penticton 50,000 00 .50,000 00 42,500 00
Richmond 24,. 500 00 25,5.33 69 21,095 00
Saanich 50, 000 00 45, .369 95 46, 500 00
Manitoba —
Assiniboia 37,805 99 35,186 52 35,632 06
East Kildonan 16,000 00 15,412 48 15,360 00
Fort Garry 62,000 00 62,000 00 62,000 00
Greater Winnipeg Water District 84,388 00 67,735 88 72,573 68
Kildonan 20,000 00 20,000 00 17,400 00
Ochre River 15,649.58 15,. 565 05 15,002 28
West Kildonan......... 61,000 00 .57.766 57 .58,. 560 00
Three other municipalities par value for each, less
than $6, 900 14,873 00 14,964 56 14,147 78
LIFE INSURANCE COMPANIES 25
SESSIONAL PAPER No. 8
The Canada Life — Continued.
Schedule C — Continued.
Bonds and debentures — Continued.
Townships, Districts or Municipalities — Concluded. Par value. Book value. Department's
Ontario — value.
Chatham $ 40,255 69 $ 39,597 10 % 39,597 10
Maiden 16,074 73 16,15372 16,15372
Mersea 21,862 56 21,579 98 20,979 94
Sandwich East 56,284 19 54,798 77 54,798 77
York 10,675 58 8,868 38 ' 8,868 38
Eight other townships, par value for each, less than
$8,600 .32,422 77 32,103 21 31,802 84
Saskatchewan —
Blucher 12,803 01 12,624 40 12,0.34 82
Hillsburg 12,000 00 12,465 78 12,000 00
Progress : 11,000 00 10,730 68 9,900 00
Swift Current 12,000 00 12,465 78 12,000 00
Seven other municipalities, par value for each,
not exceeding $9,000 49,625 00 51,932 35 49,846 50
$ 945,220 10 $ 910,774 16 $ 870,922 87
Counties—
New Brunswick —
Gloucester $ 31,000 00 $ 35,094 68 $ 30,010 00
Nova Scotia —
Two counties, par value for each, not exceeding
$7,000 7,500 00 7,500 00 7,135 00
OflttlTlO
Carleton 25,000 00 24,733 10 24,733 10
Lincoln 50, 000 00 49, 135 75 49, 135 75
Pontiac 100,000 00 100,000 00 89,000 00
Prescott and Russell 47,199 99 47,199 99 47,199 99
$ 260,699 99 $ 263,663 52 $ 247,213 84
Loans on Parochial and other Public Rates —
Quebec —
Maisonneuve $ 105,366 19 $ 105,366 19 $ 91,668 58
St. Cunegonde 43,823 61 43,823 61 39,44125
Netvfoundland —
St. John's, R.C. Episcopal Corporation 21,000 00 21,000 00 22,150 00
$ 170,189 80 $ 170,189 80 $ 153,259 83
Schools- —
Alhcrta —
Bassano $ 5,000 00 $ 5,184 30 $ 4,950 00
Calgary 17,333 33 16,734 24 16,322 74
Granum 5,850 00 5,97122 5,616 00
Innisfail 5,525 00 5,577 04 5,390 25
Leduc 13,300 00 14,065 02 13,300 00
Lethbridge 18,350 02 18,438 89 17,777 51
St. Joachim, R.C 38,600 60 39,407 31 36,328 58
Strathcona 28,633 33 27,26191 26,927 33
Taber 6,66640 5,975 24 6,066 42
Wetaskiwin 18,666 70 18,820 10 17,173 36
Nine other schools, par value for each, less than
$4.700 21,69163 22.095 36 21,423 38
Manitoba —
Assiniboia 8,803 05 9,600 25 9,600 25
Headingly 5,700 00 5,730 25 5,700 00
St. Boniface 27,600 00 28,058 45 26,772 00
St.James 5,275 00 5,275 00 5,01125
Virden 15,500 00 15,500 00 13,950 00
Winnipeg 100,000 00 100,000 00 81,000 00
Twenty-two other schools, par value for each, less
than $4, 500 43,572 11 44,017 34 42,282 52
Ontario —
Guelph, R.C 5,400 00 5,400 00 5,238 00
Quebec —
Cote des Neiges 50,000 00 49,280 39 51,500 00
Montreal, Protestant 284,000 00 284,000 00 284,000 00
Montreal, R. C 100,000 00 93,573 32 99,000 00
Notre Dame de Granby 50,000 00 .50,000 00 43,500 00
St. Francois de Solano 25,000 00 24,593 13 25,250 00
St. Gregoire Le Thaumaturge 55,000 00 59,51168 56,650 00
St. Jacques 8,664 64 8,664 64 8,144 76
Shawinigan Falls 10,000 00 9,702 17 8,800 00
26
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
The Canada Life — Continued.
Schedule C — Continued.
Bonds and debentures — Continued.
Schools — Concluded. Par value. Book value. Department's
Saskatchewan — value.
Bienfait $ 24,500 00 $ 28,137 59 $ 28,137 59
Graton, R.C 14,836 67 14,8.37 49 13,793 26
Moose Jaw 25,666 68 26,046 89 24,126 68
North Battleford, R. C 7,466 61 7,587 82 7,242 61
Ogenia 15, 192 10 15, 192 10 15, 192 10
Prince Albert, Protestant 12,510 13 8,45124 6,255 07
Radville • ^ 7,700 00 7,979 95 7,700 00
Tantallon 17,09106 17,09106 17,09106
Yorkton 30,000 00 29,92180 27,300 00
Thirty other schools, par value for each, not exceed-
ing ?4, 400 38,048 34 39,302 13 38,586 07
$ 1,167,143 40 $ 1,166,985 32 $ 1,123,098 79
Rural Telephones, Saskatchewan —
Beaver $ 5, 487 57
Eagle Lake 9,021 64
Eastern Edam , 14, 728 86
Greenwood 8,837 41
lola 6,005 08
Keelerville 6,898 63
Lintlaw 31,200 00
Lothian 6,351 97
Neptune 8, 193 06
Odessa 8,482 58
Pasqua 10,500 00
Phippen 5,339 21
Riceton 9, 393 80
Senlac 7,364 43
Shaunavon Eastern 10,369 18
Silver Lake 15,465 32
Western Edam 15,649 47
Willowmoore 8,008 83
Wood End 5,706 69
Yellow Lake 5,339 25
Young. 5,838 58
Zelma.... 7,456 46
Twenty-six other rural telephones, par value for each,
less than $5,000 68,557 80
5,678 16 ?
9,148 93
14,9.'?7 04
8,962 00
6,229 86
7,138 23
33,196 80
6,441 .59
8,308 52
8,385 42
11,777 14
5,414 55
9,493 38
7,468 32
10,223 82
15,683 54
15,870 61
8,121 82
5,872 77
5,414 63
6,025 16
7,561 65
69,841 36
5,678 16
9,148 93
14,937 04
8,962 00
6,229 86
7, 138 23
33,196 80
6,441 59
8,308 52
8,385 42
11,777 14
5,414 55
9,493 38
7,468 32
10,223 82
15,683 54
15,870 61
8,121 82
5,872 77
5,414 63
6,025 16
7,561 65
69,841 36
$ 280,195 82 $ 287,195 30 $ 287,195 30
Railways —
Bay of Quinte Ry., 1st mtge., 1927, 5 p.c $ 80,000 00 $ 79,417 80 $
Canadian Northern Ry. (g'teed. by Manitoba), 1930,
4 p.c 486,666 66 486,666 66
Grand Trunk Ry.., perpetual annuity (g'teed. by
Lindsay) U p.c 6,594 00 6,594 00
Hamilton Cataract Power, Light and Traction Co.
Ltd., 1st and ref. mtge., 1943, 5 p.c 200,000 00 201,290 00
Hamilton, Grimsby and Beamsville Electric Ry.,
1st mtge., 1933, 5p.c 70,000 00 73,315 22
Hamilton Street Ry., 1st mtge., 1928, 4^ p.c 37,000 00 37,404 64
Lindsay, Bobcaygeon and Pontypool Ry., 1st mtge.
(interest secured by g'teed. minimum rental from
C.P.R.)2002, 4p.c 500,000 00 482,500 00
Niagara, St. Catharines and Toronto Ry., 1st mtge.,
1929, 5 p.c 150,000 00 148,800 00
Ontario West Shore Electric Ry., 1st mtge., (g'teed.
by Goderich, $10,000; Huron, $20,000; Ashfield,
$20,000), 1938, 5 p.c 50,000 00 49,800 00
Ottawa Electric Ry. Co., 1st mtge., 1922, 4 p.c 211,000 00 211,000 00
Suburban Rapid Transit Co., 1st mtge., (g'teed. by
Winnipeg Electric Ry. Co.) 1938, 5 p.c 25,000 00 25,000 00
Toronto Ry. Co., 1st mtge., 1921, 41 p.c 118,260 06 118,452 39
Winnipeg, Selkirk and Lake Winnipeg Ry. Co., gen.
and ref. mtge., (g'teed by Winnipeg Electric Ry.
Co.) 1925, 5 p.c... 169,000 00 162,495 19
73,600 00
418,533 33
5,407 08
190,000 00
66,. 500 00
34,040 00
425,000 00
141,000 00
47,000 00
202,560 00
22,500 00
114,712 26
157,170 00
$ 2,103,520 72 $ 2,082,735 90 $ 1,898,022 67
LIFE INSURANCE COMPANIES
27
$ 94,960 00 $ 93,000 00
SESSIONAL PAPER No. 8
The Canada Life — Continued.
Schedule C — Concluded.
Bonds and debentures— ConcZu(ie<i. Par value. Book value. Department's
Miscellaneous — value.
G. H. Ashdown Hardware Co. Ltd., 1st mtge., 1928,
5 p.c $ 100,000 00
Bell Telephone Co. of Canada, Ltd., 1st mtge., 1925,
5pc 169,000 00 174,099 38 167,310 00
P. Burns & Co., Ltd.. 1st and Ref. Mtge., 1931, 6 p.c. . 170,000 00 169,464 50 170,000 00
Central Canada Loan and Savings Co., 60 days' notice,
5pc 150 000 00 150,000 00 150,000 00
ChathamGasCcLtd., lstmtge.,1927, 5p.c 198,000 00 194,562 72 178,200 00
Dominion Iron and Steel Co., Ltd., Consolidated
mtge., 1939, 5 p.c 97,333 33 90,753 33 80,786 66
Dominion Realty Co., Ltd., 1st mtge. —
1921 44 PC 38,688 94 38,688 94 37,528 27
1921 to 1924, 5 p.c 95,240 91 95,240 91 92,383 68
1921 to 1927, 5 p.c 292,275 00 282,400 00 283,506 75
1921 to 1936, 6 p.c 203,887 57 203,887 57 203,887 57
Gordon Ironsides and Fares Co., Ltd., 1st mtge.,
sinking fund, 1927, 6 p.c 100,000 00 99,580 00 90,000 00
Linton Apartments, Ltd., 1st mtge., 1932, 5 p.c 151,000 00 135,900 00 132,880 00
MontrealGasCo., Istmtge., 1921,4p.c 48,666 66 48,852 70 45,260 00
Montreal Harbour, 1924, 4 p.c 130,000 00 130,523 05 119,600 00
Montreal Light, Heat and Power Co., Lachine Sinking
Fund Bonds, 1933, 5 p.c 75,000 00 75,000 00 71,250 00
PortlandGeneralErectricCo., Istmtge., 1395, 5 p.c. 100,000 00 101,549 13 100,000 00
Provincial Light," Heat and Power Co., 1st mtge.
(g'teed by Montreal Light, Heat and Power Co.),
1946, 5 p.c 107,000 00 107,439 55 101,650 00
Quebec Harbour, First Preference Bonds, 1928, 4 p.c. . 65,000 00 65,000 00 56,550 00
Quebec Harbour, First Preference Bonds, 1929, 4 p.c. . 15,000 00 15,000 00 12,900 00
Toronto Harbour Commissioners, 1st mtge., (g'teed.
by Toronto) 1953, 4| p.c 183,000 00 154,064 04 166,530 00
Toronto Savings and Loan Co., 1922-1925, 5 p.c 60,000 00 60,000 00 60,000 00
Union Electric Light and Power Co., 1st mtge., 1932,
5 p.c 100,000 00 99,250 00 100,000 00
Western Canada Flour Mills Co., Ltd., 1st and Ref.
Mtge. Sinking Fund, 1931, 6 p.c 50,000 00 50,000 00 50,000 00
Windsor Arcade, Ltd., Trustees' Income Certificates. 300,000 00 300,000 00 300,000 00
$ 2,999,092 41 $ 2,936,215 82 $ 2,863,222 93
$31,736,816 13 $30,631,724 93 $29,854,611 06
Schedule D.
No.
of
Stocks- ^^^'^^-
Canadian Bank of Commerce 3,746
Bank of Hamilton 187
Imperial Bank of Canada 1,354
Bank of Montreal 894
Bank of Nova Scotia 1,539
Standard Bank of Canada 35
Bank of Toronto 375
Royal Bank of Canada 283
St. Stephens and Milltown Rv. Co 520
Tri-City Ry. and Light Co. Preferred) 269
Consumers Gas Co 328
National Trust Co 5,865
Toronto General Trusts Corpn 689
Canada Landed and National Investment
Co 120
Montreal Telegraph Co 200
Dominion Telegraph Co 134
Petrolia Utilities Co. Ltd. (Preferred) 10
Petrolia Utilities Co. Ltd., (Common) 100
Montreal \^ ater and Power Co 100
Chicago North Shore and Milwaukee Railroad
(2nd Preferred) 500
Chicago North Shore and Milwaukee Railroad
(Common) 500
Par value.
$374,600 00
18,700 00
1.35,400 00
89,400 00
153,900 00
3,500 00
37,. 500 00
28,300 00
26,000 00
26,900 00
16,400 00
586,500 00
68,900 00
Book value.
Department's
value.
693,
31,
250,
178,
375,
7,
69,
53,
18,
23,
24
1,246
125
010 00
565 00
,490 00
,962 00
,794 00
,000 00
,000 00
,214 00
,200 00
, 120 87
,764 00
,325 00
,486 50
685
31
254
175
384
7
68
54
18
19
21
1,249
130
,518 00
,790 00
,552 00
,224 00
,750 00
,000 00
,250 00
,902 00
,200 00
,368 00
,812 00
,245 00
,910 00
6,000 00 9,405 00
8,000 00 10,920 00
6,700 00 6,700 00
500 00
5,000 00
6,250 00
8,100 00
8,800 00
5,494 00
350 00
750 00
6,000 00
1,000 00
$1,598,450 00 $3,123,956 37 $3,132,015 00
28 DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
The Can'ada Life — Conlinued.
Schedule E
Cash in banks —
Canadian bank of Commerce, Toronto $ 39,860 97
Canadian Bank of Commerce, Winnipeg 3 995 72
Canadian Bank of Commerce, Calgary 5,742 93
Canadian Bank of Commerce, Edmonton 4,541 82
Canadian Bank of Commerce, Saskatoon 11, 121 79
Bank of Nova Scotia, Toronto 31 ] 912 50
Bank of Nova Scotia, Toronto (Special ) 40,' 000 00
Bank of Nova Scotia, Regina 12, 741 51
Bank of Nova Scotia, Jamaica 2] 250 63
Bank of Montreal, Toronto 362 93
Bank of Scotland, London, England 51,994 96
Royal Bank, Nassau 3, 530 95
Bank of Bermuda, Bermuda 12,250 10
Central Union Trust Co., New York 578 20
S 220,886 01
Less overdraft — Canadian Bank of Commerce, New York 63, 057 24
Net cash in Banks 5 157,828 77
ASSETS OUT OF CANADA
Ledger Assets
Book value of real estate, unencumbered, held by the Company $ 49, 700 00
Amount secured by the company's policies in force, the reserve on each policy being in excess
of all indebtedness: —
Loans to policyholders $ 2,639,817 22
Advances to policyholders under automatic non-forfeiture provisions 142, 108 13
Premium obligations 3, 800 17
^ , , 2,785,725 52
Book value of bonds, debentures and debenture stocks owned by the Company. {For
details see Schedule H) 9, 924, 792 96
Book value of stocks owned by the Company (1,.500 shares National Trust Company, Ltd.,
par value, $150,000; Department's value, $319,500) 318,750 00
Cash in Banks. (For details see Schedule J) 7, 547 60
Total Ledger Assets out of Canada $13, 086, 516 08
Non-Ledger Assets
Interest: due, $39,422.25; accrued, $124,547.28 $ 163,969 53
Gross premiums, less reinsured:— First Year Renewal Single
Due and uncollected $ 50,668 23 $336,590 36 $ 15,690 78
Deferred 48,632 90 171,885 48
Total $ 99,30113 $508,475 84 S 15,690 78
Deduct commission and estimated loss in collec-
tion 56,554 51 30,508 55 94145
Net premiums due and uncollected, and deferred.! 42,746 62 $477,967 29 $ 14,749 33
Consideration for annuities, less reinsured: —
Due and uncollected $ 77125 $ 1,. 505 23 $ 14,600 00
Deduct commissions and estimated loss in
collection 19 28 37 63 365 00
535,463 24
Net consideration for annuities due and uncol-
lected, and deferred $ 75197 $ 1,467 60 $ 14,235 00
16,454 57
Total Non-Ledger Assets out of Canada $ 715,887 34
Total Assets out of Canada $13,802,403 42
LIFE INSURANCE COMPANIES 29
SESSIONAL PAPER No. 8
The Canada Life — Continued.
LIABILITIES OUT OF CANADA
Net liability under assurance, annuity, and supplementary contracts in force for payments
not due, dependent on life, disability or any other contingency or on a term certain. . . .$21,592,982 00
Net liability for payments due under contracts: —
Death Matured Annuity
Losses Endowments Claims
Adjusted but unpaid $ 30,982 28 $ 31,629 23 $ 31,062 15
Unadjusted 42,480 61
Totals $ 73,462 89 $ 31,629 23 S 31,062 15
136,154 27
Provision for unreported death losses and disability claims 17,826 00
Amounts left with the Company (arising out of assurance contracts) including interest
accumulations: dividends, $31,956.00; all other amounts, $2,108.00 34,064 00
Received from policyholders in advance: Premiums, $50,843.22; interest, $22,513.91 73,357 13
Net dividends to policyholders due and unpaid 68,865 68
Premium reductions on outstanding premiums and annuity consideration 1,977 24
Government, municipal and other taxes due and accrued 46,572 79
Salaries, rents and office expenses, due and accrued 1,706 06
Medical examiners' fees due and accrued 2,034 50
Commissions to agents, due and accrued 496 48
Staff Savings and Benefit Fund 5,873 08
Total Liabilities out of Canada $21,981,909 23
PREMIUM INCOME AND ANNUITY CONSIDERATION OUT OF CANADA
First Year Renewal Single
Assurance prem.ums $ 864,115 18 $2,750,245 04 $1,110,284 61
Less reinsurance premiums paid 103,583 46 298,976 80
Total net premiums $ 760,53172 $2,451,268 24 $1,110,284 61
■ — — — $ 4,322,084 57
Consideration for annuities $ 4,11174 $ 27,198 05 $ 270,745 13
302,054 92
Total net premium income and consideration for annuities out of Canada $ 4, 624, 139 49
DISBURSEMENTS IN RESPECT OF ASSURANCE AND ANNUITY CONTRACTS OUT
OF CANADA
Matured
In respect of assurance contracts: — Death Claims Endowments
Death and endowment claims —
Amount assured $ 725,939 00 $ 352,393 00
Bonus addition 19,682 30 10,811 13
Total $ 745,62130 $ 363,204 13
Less received for reinsured 41 , 632 33
Net total $ 703,988 97 $ 363,204 13
$ 1,067,193 10
Net surrender values 405, 862 14
Net dividends —
In cash $ 390,692 90
Left with the company at interest 13, 187 82
Applied as single premiums: —
To purchase bonus addition $ 216,712 20
To purchase premium reduction 29,812 98
246,525 18
Total net dividends 650,405 90
In respect of annuity contracts: —
Cash payments to annuitants $ 272,271 78
Net surrender values 688 23
272,960 01
Total net disbursements in respect of assurance and annuity contracts
out of Canada $ 2,396,421 15
30
DEPARTMENT OF ly.WRANCE
11 GEORGE V, A. 1921
The Caxada Life — Continued.
EXHIBIT OF POLICIES (Out of Canada)— Ordinary
Classification
Whole Life
Endowment
Assurances
Term
and other
Bonus
Additions
Totals
No.
Amount
No.
Amount
No.
Amount
No.
Amount
At end of 1919
17,558
3,853
44
S cts.
51,197,797 25
15,375,637 00
86,889 50
10,783
3,404
12
$ cts.
19,533,132 90
7,550,994 00
17,743 00
202
54
3
S cts.
964,975 00
499,508 00
1,000 00
S cts.
1,160,678 47
325,926 65
785 20
17,015 10
28,543
7,311
59
■ 300
S cts.
72,856.582 72
23 752 065 65
106,417 78
17,015 10
750 805 00
213
562,939 00
87
187,806 00
Totals
21.668
67,223,262 75
14,286
27,289,735 00
259
1,465,483 00
1,504,405 51
36,213
97,482,886 26
Less ceased by: —
Death
151
552, 168 50
74
128
133,261 00
346,368 00
1
10,000 00
15,075 48
12.154 48
226
128
6
1
367
511
"320
32
710 504 98
358,52' 48
6
27,340 00
27,340 00
1
219
367
6,475 00
729,661 00
917,916 00
18,941 00
1,179,134 00
6,475 00
148
136
"■'84
471,769 00
577,494 00
29,688 00
196, 105 00
15,917 24
838 83
12,658 44
1,217 347 24
8
"5
32
78,487 00
1,864 00
25,000 00
109,933 00
1,574,735 S3
63,151 44
231
1,400,239 00
Transferred from
109,933 00
Total ceased
969
3,404,295 50
570
1,754,685 00
52
252,624 00
56,644 47
1,591
5,468,248 97
At end of 1920
20,699
63,818,967 25
13,716
25,535,050 00
207
1,212,859 00
1,447,761 04
34.622
92,014,637 29
6,714,758 83
1,055,367 52
136,833 00
48, 142 78
7,955,102 13
MISCELLANEOUS
New policies issued and paid for in cash: — Number 6,815; gross amount, .321,965,375.65, reinsured in other
licensed companies, $2,253,979.47.
Claims reinsured: — Death claims, $37,520; bonus additions, $4,112.33.
Total amount in force divided as to dividend plan: — Annual, 824,782,923.00; quinquennial, $46,959,322.25;
deferred, $12,946,280; bonus additions, $1,447,761.04. Non-participating, $5,878,351.
Total $92,014,637 29
EXHIBIT OF POLICIES (Out of Canada)— Group
Term and Other
No. of
Policies
No. of
Employees
Amount
Assured
New policies issued
1
71
S
35,500
At end of 1920
1
71
35,500
LIFE INSURANCE COMPANIES 31
SESSIONAL PAPER No. 8
The Canada Life — Concluded.
Schedule H. — Out of Canada
Bonds and debentures on deposit — Par Book Department's
With Union Trust Co. and Peoples State Bank, Value Value Value
Detroit, Mich. —
Dominion of Canada Victory Loan $ 7,100,000 00 $ 7,072,280 00 $ 7,072,280 00
Central Canada Loan & Savings Co., 60 days
notice, 4 p.c 150,000 00 150,000 00 150,000 00
Canadian Northern Ry., 1930, 4 p.c 486,666 66 486,666 66 418,533 33
Lindsay, Bobcaygeon and Pontypool Ry., 2002,
4 p.c 500,000 00 482,500 00 425,000 00
Hamilton, Cataract Power, Light and Traction
Co., 1943, 5 p.c 200,000 00 201,290 00 190,000 00
Niagara, St. Catharines and Toronto Ry., 1929,
5p.c 150,000 00 148,800 00 141,000 00
Union Electric Light and Power Co., 1932, 5 p.c. . 100,000 00 99,250 00 100,000 00
Portland General Electric Co., 1935, 5 p.c 100,000 00 101,549 13 100,000 00
Hamilton, Grimsby and Beamsville Ry., 1933,
5 p.c 70,000 00 73,315 22 66,500 00
With State of Michigan —
Dominion of Canada War Loan 50,000 00 49,580 00- 49,580 00
United States of America Liberty Loan 50,000 00 50,000 00 50,000 00
With State of Ohio-
City of Cleveland, Ohio 100,000 00 106,469 54 113,000 00
With State of New York-
City of New York Corporate Stock 105,000 00 104,995 13 101,900 00
With Paymaster General of Great Britain —
Dominion of Canada Stock 98,938 17 75,34142 76,182 39
With Colony of Newfoundland —
Colony of Newfoundland Bonds 197,333 33 178,535 56 167,580 56
Colony of Newfoundland Inscribed Stock 53,066 66 52,574 10 43,327 44
City of Toronto 262,800 00 265,322 88 228,636 00
City of Hamilton 48,666 66 50,999 45 42,826 66
City of Victoria 62,000 00 62,000 00 53,320 00
City of Vancouver 125,000 00 113,323 87 90,702 50
$10,009,471 48 $ 9,924,792 96 $ 9,680,368
Schedule J. — Out or Canada
Cash in banks —
Bank of Nova Scotia, Jamaica $ 2,250 63
Bank of Scotland, London, England .' 51,994 96
Royal Bank, Nassau 3,530 95
Bank of Bermuda, Bermuda 12,250 10
Central Union Trust Company, New York 578 20
$ 70,604 84
Less overdraft — Canadian Bank of Commerce, New York 63,057 24
Net cash in banks out of Canada $ 7, 547 60
32
hi:i'\iriMi:\T nr i\sin\svE
11 GEORGE V, A. 1921
THE CAPITAL LIFE ASSURANCE COMPANY OF CANADA.
Statement for the Year ending December 31, 1920.
President, Hugh Doheny — Vice-Presidents, J. J. Lyons and L. N. Poulin — Secretary', E. M.
McNiECE — Manager, A. E. Corrigan. Head Office, 14 Metcalfe St., Ottawa.
(For List of Directors see Appendix.)
(Incorporated April 4, 1911, by an Act of the Parliament of Canada, 1-2, George V, cap. 62. Dominion
license issued January 11, 1912.)
CAPITAL STOCK
.Authorized $ 1.000,000 OO
Subscribed .
Paid in cash
Premium on Capital Stock paid by Shareholders.
{For List of Shareholders, see Appendix.)
SUMMARY BALANCE SHEET
Assets
Liabilities
Total ledger assets $ 69.5, 149 03
Deduct excess of total book value of
ledger assets over total Depart-
ment's value 6, 262 28
Total ledger assets taken at Depart-
ment's value $ 688,886 75
Non-ledger assets 68, 386 89
Total assets % 757,273 64
Total liabilities
Excess of assets over liabilities
Capital stock paid in
cash $ 129,285 00
Surplus 11,347 58
809,800 00
129.285 00
118,535 00
$ 61tj,641 06
140,632 58
Total % 757,273 64
SYNOPSIS OF LEDGER ACCOUNTS
As at December 31, 1919:-
Net ledger assets
Borrowed money
.538,571 64
200,000 00
Total ledger assets % 738 , 571 64
Increase in ledger assets in 1920: —
Income S
258,822 51
Total S 997,394 15
Decrease in ledger assets in 1920: —
Disbursements $ 127,245 12
Decrease in borrowed money 175,000 00
Total decrease.
As at December 31, 1920:—
Net ledger assets
Borrowed money
302.245 12
670,149 03
25,000 00
Total ledger asscits S 695, 149 03
Total S 997,394 15
ASSETS
Ledger Assets
Book value of real estate, unencumbered, held by the Company (Lot No. 5, Subdivision
Cemetery Lot, Glace Bay, actual cost and De;.artment's value, §3,238.43) $
Mortgage loans on real estate, first liens
Amount secured by the company's policies in force, the reserve on each policy being in
excess of all indebtedness: —
Loans to policyholders $ 55, 244 91
Advances to policyholders under automatic non-forfeiture provisions 5, 153 28
Book value of bonds, deVjentures and debenture stocks owned by the company (for details
see Schedule C)
Cash: At Head Office. So, 182.94; in banks, $4,491.84 (for details see Schedule E)
3,238 43
70,600 00
60,398 19
551,237 63
9,674 78
Total Ledger Assets $ 695, 149 03
Deduct excess of total book value of real estate, bonds, debentures and stocks over total
Department's value 0, 262 28
Total ledger assets taken at Derartment's value $ 688,886 75
LIFE INSURANCE COMPANIES 33
SESSIONAL PAPER No. 8
Capital Life — Continued.
ASSETS— Concluded.
Non-Ledger Assets
Interest or dividends on — Due Accrued
Mortgages -. $ $ 1,418 87
Bonds and debentures 1,448 21 12,234 90
Premium notes, policy loans and liens 877 67
Bank balances 17 50
Total interest I 1,448 21 $ 14,548 94
$ 15,997 15
Gross premiums, less reinsured: — First Year Renewal
Due and uncollected $ 20,86173 $ 27,349 00
Deferred 1,078 55 5,440 98
Total $ 21,940 28 $ 32,789 98
Deduct commissions and estimated loss in collection 5,485 08 1,639 48
Net premiums due and uncollected, and deferred $ 16,455 20 $ 31,150 50
47,605 70
Office furniture and fixtures (less written down) 4, 784 04
Total Non-Ledger Assets $ 68,386 89
TotalAssets $ 757,273 64
LIABILITIES
Netlliability under assurance, annuity, and supplementary contracts in force for payments
not due, dependent on life, disability or any other contingency or on a term certain (See
Statement of Actuarial Liabilities)
Net surrender values claimable under cancelled contracts
Net liability for unadjusted payments due under contracts: Death losses
Received from policyholders in advance: Premiums
Provincial, municipal and other taxes due and accrued
Borrowed money
Miscellaneous
Items in suspense
Investment Reserve
Total Liabilities $
INCOME
First Year Renewal
Assurance premiums $ 48,447 98 $ 187,767 22
Less reinsurance premiums paid 3,437 75 16,918 65
$
580,166 00
120 00
6,175 00
411 30
2,810 28
25,000 00
43 61
914 87
1,000 00
$
616,641 06
Total net premiums $ 45,010 23 $ 170,848 57
215,858 80
Consideration for supplementary contracts: Not involving life contingencies 2,580 00
Gross interest or dividends on —
Mortgages $ 5, 101 03
Bonds and debentures • 33,275 57
Premium notes, policy loans and liens 3,568 97
Bank balances 261 65
Total $ 42,207 22
Less Interest on bank loans 2 , 795 95
39,411 27
Items in suspense, $914.87; Premiums on Guarantee Bonds, $57.57 972 44
Total Income $ 258,822 51
DISBURSEMENTS
In respect of assurance contracts: —
Death claims — Amount assured $ 17, 891 80
Net surrender values 6, 776 46
Total net disbursements in respect of assurance contracts % 24, 668 26
Net payments on supplementary contracts: Not involving life contingencies 300 00
Taxes, licenses and fees (including taxes on investments but excluding taxes on real estate). 3,498 45
Head office expenses: Salaries, $14,958.10; directors' travelling expenses, $80; auditors'
fees, $300; rents and light, $1,305.24 16,643 34
8—3*
34 DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
Capital Life — Continued.
DISBURSEMENTS— ConcZwded.
Branch office and agency expenses: Assurance commissions — first year, S29,866.04; renewal,
$4,530.81; advanced to agents, $3,796.28; salaries, $8,079.25; travelling and other agency
expenses, $7,928.66 ' $ 54,201 04
All other expenses: Advertising, $611.63; books and periodicals, ?98. 40; express, telegrams
and telephones, $186.09; medical fees, $4,250.25; office furniture, $1,785.27; po.stage,
$527.24; printing and stationery, $1,280.57; exchange, $132.93; inspection of ri.sks, $518.95;
miscellaneous, $538.55 9, 929 88
Gross loss on sale or maturity of ledger assets: Bonds 18, 004 15
Total Disbursements $ 127, 245 12
EXHIBIT OF ANNUITIES
Classification
Arising out of Life
Assurance Contracts
Not involving Life
Contingencies
No.
Annual
Payment
At end of 1919
1
1
$ cts.
240 70
New issued
300 00
At end of 1920
2
540 70
EXHIBIT OF POLICIES
(For policies herein included involving disability benefits see Abstract)
Classification
Whole Life
Endowment
Assurances
Term and Other
Totals
No.
Amount
No.
Amount
No.
Amount
No.
Amount
At end of 1919
New issued
Old revived
2,325
700
5
$
4,151,623
1,404,500
7,000
3,420
11,800
903
175
3
2
$
1,551,137
269,870
7,450
85
4,000
8
3
$
20,500
15,000
3,236
878
8
$
5,723,260
1,689,370
14,450
Old increased
3,505
Transferred to
4
6
15,800
Totals
3,034
5,578,343
1,083
1,832,542
11
35,500
4,128
7,446,385
Less ceased by: —
Death
8
31
113
14,500
56,000
170,200
15,350
133,000
4,000
5
16
47
7,580
73,710
71,190
13
47
161
22,080
Surrender
129,710
Lapse
Decrease
1
2,500
243,890
15,350
Not taken
88
2
29
3
41,060
9,300
117
6
174,060
Transferred from
1
2,500
15,800
Total ceased
242
393,050
100
202,840
2
5,000
344
600,890
At end of 1920
2,792
5,185,293
983
1,629,702
9
30,500
3,784
6,845,495
Reinsured
466,830
216,480
8,000
691,310
LIFE INSURANCE COMPANIES
35
SESSIONAL PAPER No. 8
Capital Life — Continued.
MISCELLANEOUS
New policies issued and paid for in cash: — Number, 712; gross amount, $1,262,790; reinsured in other
licensed companies, $91,440.
Total amount in force divided as to dividend plan: — Quinquennial, -15,220.691 ; non-participating, $1,624,804.
Total $ 6,845,495
STATEMENT OF ACTUARIAL LIABILITIES
Assurance Section
Class of Contract
Gross in Force
Reinsured in Companies
licensed in Canada
Number
Amount
Reserve
Amount
Reserve
Ordinary with Profits: —
Life
2,389
843
S
4,048,009
1,172,682
$
317,976
189, 155
$
72,000
25,880
$
3,46S
Endowment assurance
3,574
Totals
3,232
5,220,691
507,131
97,880
7,042
Ordinary without Profits: —
Life
403
140
9
1,137,284
457,020
30,500
114,914
116,815
498
394,830
190,600
8,000
48,765
Endowment assurance
74,533
Term, etc
52
Totals
.552
1,624,804
232,227
593,430
.123,350
Grand totals
3,784
6,845,495
739,358
691,310
130,392
Annuity Section
Class of Annuity
Gross in Force
Number
Annual
Payment
Reserve
Without Profits:—
Supplementary contracts: —
Not involving life contingencies
2
$
541
$
4,000
SUMMARY OF RESERVE
Total reserve, policy and annuity contracts.
Total reserve on reinsured contracts
With
Profits
507,131
7,042
Total net reserve on the company's (statutory) basis of
valuation $ 500, 089 $
Deduction made therefrom (permitted under Section 43
(3) , Insurance Act, 1917) 27, 257
Net reserve carried in the liabilities $ 472, 832 $
Without
Profits
236,227 $
123,350
112,877 $
5,543
107,334 $
Total
743,358
130,392
612,966
32,800
580,166
36 DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
Capital Life — Continued.
MISCELLANEOUS STATEMENT
I. The calculation o/ the "Reserve" in the "Statement of Actuarial Liabilities" —
(1) All policy contracts were valued individuallj' from tables of Medial Reserves (Om (') Zl%).
Special classes —
(o) No policies issued outside of Canada.
(b) Policies issued at premiums corresponding to ages higher than the true age were valued at
true age.
(c) Policies issued subject to liens were valued for the full amount issued.
(d) Policies issued with extra premiums were valued as ordinary lives.
(e) No sub-standard lives arc treated otherwise than as stated in (c) and (d).
if) Policies providing for disability benefits were valued by adding half the net disability benefit
premium to the ordinary reserve.
(g) No annuities have been issued to lives classed as under-average.
(2) Items of special reserve —
(a) No additional reserve is held under limited or single premium policies on account of prepaid
or limited loadings.
C6) Cash value of benefits guaranteed in the contracts in excess of the net premium reserve on the
valuation basis were reserved for as pure endowments.
(c) No reserve in excess of cash value is held on account of lapsed policies subject to reinstatement,
(rf) No term policies have been issued with the option of renewal.
(e) No reserve is maintained to cover the option of conversion of any policj- into higher premium
plans.
(/) No other items of special reserve have been made.
II. There are no modifications or limitations made under the special class policies referred to in I (1) (a)
to (/) above in respect of guaranteed values.
III. The average rate of interest earned during the year on the mean net ledger assets was 6-32%.
IV. No profits have yet been distributed.
• Schedule C
*Bonds and debentures — Department'!
Governments — Par value Book value value
Canada— Victory Loan % 40,150 00 $ 41,568 34 S 41,568 34
tManitoba— Registered Stock 36, 500 GO 25, 915 00 25, 915 00
tSaskatchewan— Registered Stock 79, 715 99 58, 579 40 58, 579 40
dttCS' —
British Columbia— Enderhy 6, 000 00 6, 308 11 5, 700 GO
Manitoba —
St. Boniface 5,000 00 4,218 97 4,218 97
tWinnipeg 73,000 00 49,092 50 49,092 50
Ontario— Ottawa. 4,000 00 3,403 48 3,480 00
Sa ska tch ewan — •
Moosejaw 5,483 85 4,476 58 4,476 58
tRegina 48,666 66 36,500 00 36,500 00
tSaskatoon 17,519 66 12,784 47 12,784 47
*0f which are on deposit with Receiver General:— City of Enderbv, $6,000; City of Ottawa, $4,000;
Town of Melville, §15,000; Town of Minnedosa, $10,350; Town of Swift Current, $10,843.75; District of
North Vancouver, .S15,000.
t These bonds, and $43,800 nar value of the C.N.R. bonds, 4 p.c. 1934, were acquired on December
8, 1920, in exchange for the following securities —
Par Value. Book Value. Price Received.
United Kingdom of Great Britain and Ireland, 5i p.c, 1937..$ 100,000 00 $111,122 16 $ 111,122 16
Grand Trunk Pacific Railway Company, (g'teed by Dom-
inion of Canada), 4 p.c, 1962 94,770 00 71,646 12 71,646 12
City of Saskatoon, 5 p.c, 1944 13,000 00 10,023 16 10,023 16
Corp. of Point Grey, 5 p.c, 1953... :.. 15,000 00 11,17229 11,17229
Province of Saskatchewan, 6 p.c, 19,38 _. 5,000 00 5,055 15 5,055 15
Hydro-Klectric Power Commission of Ontario (g'teed by
Prov.of Ontario), 4 p.c, 1957 10,000 00 7,719 00 7,719 00
$237,770 00 $216,737 88 $ 216,737 88
The first mentioned security is the balance of a purchase of .?200,000 of these securities made May 12,
1919, the purchase price, $199,187.50, being provided by means of a loan in New York secured by the
deposit and pledge of, the securities themselves. This loan was repaid in May, 1920, partly by the sale
of $100,000 of the securities at a price of ?83,601.25 and partly by the remittance of the balance to New
York at a cost due to exchange of $13,165.05. The unsold balance of $100,000 of the securities was there-
after, until sold, carried in the company's books at a book value of $111,122.16.
LIFE INSURANCE COMPANIES 37
SESSIONAL PAPER No. 8
Capital Life — Concluded.
Schedule C — Concluded
Bonds and debentures — Concluded.
j'owns — Department's
Alberta — Par value Book value value
* Bassano . S 1,000 00 S 885 52 $ 940 00
Bow Island 5,000 00 4,128 69 4,550 00
Red Deer 6,400 69 5,735 88 5,824 62
Taber 6,000 00 5.053 09 5,160 00
Tofield 2,923 95 2.964 44 2,806 99
Vegreviiie 5, 000 00 4, .582 11 4, 700 00
British Col U7nbia— i^alnwn Arm 5,000 00 4,443 22 4,650 00
Ma«^7o6a— Minnedosa 10, 350 00 10, 185 99 8, 694 00
OUGO&C
Chicoutimi 3,000 00 2,984 22 3,000 00
Pointe aux Trembles 1,000 00 965 15 965 15
Saska tchewa n —
Biecrar 5,990 99 5,659 72 5,990 99
Estevan 7,86160 6,723 39 6,996 82
Kindersley 5,116 60 5,116 60 4,860 77
Lloydminster 1,31182 1,269 09 1,193 76
Melville 15,000 00 14,754 73 12,600 00
Mortlach 3,463 26 3,183 62 3,270 63
Swift Current 23,308 35 23,550 54 22,197 67
Villages
^iber^ft— Stafford 10,157 75 10,027 42 9,243 55
Saskatchewan— Vnity 800 03 787 93 744 03
Toivnships or Districts — -
British Columbia —
Coldstream 6,. 500 00 5.037 30 5.525 00
North Vancouver 15,000 00 15,264 17 12.600 00
Penticton 5,000 00 3.662 20 4,20000
Ontorio— Chapleau 5,571 44 5,437 30 5,237 15
Schools —
Alberta —
Bow Island 5,700 00 5,723 20 5,723 20
Burdette 12,000 00 12,0.30 31 12,036 31
Four other schools, par value for each less
than $500 1,600 00 1,. 588 21 1,662 40
Saskatchewan —
Three schools, par value for each less than
$900 1,985 47 1,988 10 2,088 16
Raihnays —
Canadian Northern Rv., Ontario Div., 1st
mtge (G'teed by Manitoba). 1930, 4 p.c. 2,920 00 2,549 81 2,549 81
Canadian Northern Ry. (G'teed by Dom. of
Canada), 19.34, 4 p.c 68,133 33 52,740 90 52,740 90
Canadian Northern Ontario Ry. 1st mtge.
(G'teed by Dom. of Canada), 1961,
3ip.c 24,333 33 15,743 96 15,743 96
Canadian Northern Pacific Ry. 1st mtge.
(G'teed bv British Columbia), 1950,
4 p.c ■■ 24,333 33 16,875 76 16,875 76
Canadian Northern West em Ry., 1st mtge.
(G'teed by Alberta), .1943, 4i p.c 24,333 32 19,10112 19,10112
Grand Trunk Pacific Rv, 1st mtge. (G'teed
by Saskatchewan), 1939, 4 p.c 973 33 779 88 779 88
Grand Trunk Pacific Ry. (G'teed by Dom.
of Canada), 1962, 4 p.c 2,430 00 1,83163 1,83163
Ontario West Shore Electric Ry. 1st mtge.
(G'teed by Kincardine), 1938, 5 p.c 5,000 00 4,153 75 4,700 00
Miscellaneous —
Hydro Electric Power Comm. of Ont. (G'teed
by Ontario), 1957, 4 p.c 40,000 00 30,875 83 30,875 83
$ 680,534 75 S 551,2.37 63 $ 544,975 35
Schedule E
Cash in banks —
Royal Bank of Canada S 3 , 355 34
Bank of Nova Scotia 1, 136 50
$ 4,491 84
38
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
THE COMMERCIAL LIFE ASSURANCE COMPANY OF CANADA.
Statement for the Year ending December 31, 1920.
President, R. H. Cautley — Vice-Presidents, J. G. Clark, Dr. E. W. Allin — Secretary- and
Manager, J. W. Glenwright — Head Office, Edmonton.
(For List of Directors, see Appendix.)
(Incorporated April 4th, 1911, by an Act of Parliament of Canada, 1-2 George V, Chap. 33. Dominion
license issued January 11, 1912. Commenced business October 4th, 1913.)
CAPITAL STOCK.
Authorized $ 2,000,000 00
Subscribed 770, 800 00
Paid in cash
Premium on Capital Stock paid by Shareholders
71,210 00
117,576 12
{For List of Shareholders, see Appendix.)
Assets.
Total ledger assets !
Deduct excess of total book value of
ledger assets over total De, art-
mei.t's value
Total ledger assets taken at Depart-
me It's value $ 90,740 67
Non-ledger assets 12, 772 83
SUMMARY BALANCE SHEET.
Liabilities.
95, 526 56 Total liabilities ■■.•••••
Excess of assets over liabilities: —
Capital stock paid .
4,785 89 in cash S 71,210 00
Deficit 1,370 84
Total assets S 103, 513 50
S 33,674 34
69,839 16
Total S 103,513 50
SYNOPSIS OF LEDGER ACCOUNTS.
As at December 31, 1919:—
Net ledger assets S 78,493 10
Owing on bonds 7, 000 00
Total ledger assets $ 85 , 493 10
Increase in ledger assets in 1920 —
Income S
53,494 91
Total S 138,988 01
Decrease in ledger assets in 1920: —
Disbursements -S 36,461 45
Decrease in amount owing on
bonds 7,000 00
As at December 31, 1920:—
Net and total ledger assets.
Total decrease $ 43, 461 45
.$ 95,526 56
Total S 138,988 01
ASSETS.
Ledger Assets.
Mortgage loans on real estate, first liens S
Amount of loans as above on which interest has been overdue for one vear or more previous
to statement, §7,841.18.
Amount secured bj' the company's policies in force, the resers^e on each policy
being in excess of all indebtedness: —
Loans to policyholders $ 857 70
Advances to policyholders under automatic non-forfeiture provisions. . . . 293 23
Book value of bonds, debentures and debenture stocks owned by the Company. {For
details see Schedule C.)
Cash: at head office, 82,447.99; in banks, $4,795.08. {For details see Schedule E)
Total Ledger Assets.
Deduct excess of total book value of real estate, bonds, debentures and stocks over total
Departmeiit's value
12,891 18
1,1.50 93
74,241 38
7,243 07
95,526 56
4,785 89
Total ledger assets taken at De;artment's value -S 90, 740 67
LIFE INSURANCE COMPANIES
39
SESSIONAL PAPER No. 8
The Commercial Life — Continued.
ASSETS— Concluded.
Non-Ledger Assets.
Interest or dividends on — Due. Accrued.
Mortgages $ 2,256 73 $ 350 18
Bonds and debentures 1,576 34
Premium notes, policy loans and liens 54 30 65 00
Total interest $ 2,31103 $ 1,99152
$ 4,302 55
Gross premiums, less reinsured — First Year. Renewal.
Due and uncollected $ 5,892 61 $ 2,374 94
Deduct commissions and estimated loss in collection 1, 178 52 118 75
Net premiums due and uncollected, and deferred $ 4,714 09 $ 2,256 19
6,970 28
Head office furniture, less depreciation 1, 500 00
Total Non-Ledger Assets $ 12,772 83
Total Assets $ 103,513 50
LIABILITIES.
Net liability under assurance, annuity, and supplementary contracts in force for payments
not due, dependent on life, disability or any other contingency or on a term certain (.See
Statement of Actuarial Liabilities) $ 29,763 18
Received from policyholders in advance: — Premiums 936 90
Salaries, rents and office expenses, due and accrued 372 83
Medical examiners' fees due and accrued, $30; legal fees due and accrued, $71.43 101 43
Investment reserve 2, 500 00
Total Liabilities $ 33,674,34
INCOME.
First Year. Renewal.
Assurance premiums $ 13,828 21 $ 9,203 26
Less reinsurance premiums paid 310 70 134 62
Total net premiums $ 13,517 51 $ 9,068 64
Gross interest or dividends on —
Mortgages
Bonds and debentures
Premium notes, policy loans and liens
Income from all other sources: —
Premiums on capital stock $ 20, 312 05
Received on capital stock 3,535 00
1,345 25
3,875 25
1,841 21
22,586 15
7,061 71
23,847 05
Total Income $ 53,494 91
In respect of assurance contracts: —
Death claims — amount assured.
Net surrender values
DISBURSEMENTS.
Total net disbursements in respect of assurance contracts.
Taxes, licenses and fees (including taxes on investments but excluding taxes on real estate)
Head office expenses: — Salaries, $9,587.35; auditors' fees, $125; travelling expenses, $443.95
rents and light, $561.22; actuarial fe^s, $225; miscellaneous, $608.45
Branch office and agency expenses: — Assurance commissions — first year, $8,675.72; renewal,
$49.89; advanced to agents, $1,271.76 ^
All other expenses: — Advertising, .$972.18; books and periodicals, $175.21; express, telegrams
and telephones, $250.01; legal fees, $706.30; medical fees, $1,004.50; office furniture,
$741.28; postage, $403.16; printing and stationery, $2,780.37; exchange and discount,
$9.40; repairs, $51.85; miscellaneous, $48.20
Commission on sale of stock
$
3,000 00
182 30
$
3,182 30
)
578 50
11,550 97
9,997 37
7,142 46
4,009 85
Total Disbiu-sements $ 36,461 45
40
DEPARTMEyr OF lySUIiAXCE
11 GEORGE V, A. 1921
The Commercial Life — Continued.
EXHIBIT OF POLICIES.
(For policies herein included involving disability benefits see Abstract.)
Classification.
Whole Life.
Endowment
As.surances.
Term
and Other.
Totals.
No.
Amount.
No.
Amount.
No.
Amount.
No.
Amount.
At end of 1919
159
170
4
$
327,970
367,538
10,000
21
22
S
41,000
37,500
8
$
30,042
188
192
4
$
399,012
405,038
Old revived.
10,000
Totals
333
705,508
43
78,500
8
30,042
384
814,050
Less ceased by —
Death
1
3
38
3,000
3,000
61,034
1
3
46
3,000
3,000
5
10,500
3
12,542
84,076
Total ceased
42
67, 034
5
10,500
3
12,542
50
90,076
At end of 1920
291
638,474
38
68,000
5
17,500
334
723,974
32,305
6,000
38,305
MISCELLANEOUS.
New policies issued and paid for in cash: — Number, 70; gross amount, $248,471; reinsured in
other licensed companies, $38,305.
Total amount in force divided as to dividend plan: — Deferred $358,004; non participating,
$365,970.
Total $ 723, 974 00
STATEMENT OF ACTUARIAL LIABILITIES.
Assurance Section.
Class of Contract.
Grcss in Force.
Reinsured in Companies
licensed in Canada.
No.
Amount.
Reserve.
Amount.
Reserve.
Ordinary with Profits —
Life..
156
22
$
319,504
38.500
$ cts.
17,672 91
3,781 26
100 11
$
11,305
$ cts.
42 43
^
Totals
178
358,004
21,554 28
11,305
42 43
Ordinary without Profits —
Life
135
16
5
318,970
29,. 500
17,500
13,291 04
2,666 81
98 05
58 84
21,000
386 12
6,000
32 82
Totals
156
365,970
16,114 74
27,000
418 94
. 334
723,974
37, 669 02
38,305
461 37
LIFE INSURANCE COMPANIES 41
SESSIONAL PAPER No. 8
The Commercial Life — Concluded.
SUMMARY OF RESERVE.
With Without Total.
Profits. Profits.
Total reserv-e, policy and annuity contracts $ 21,554 28 $ 16,114 74 $ 37,669 02
Total reserve on reinsured contracts 42 43 418 94 461 37
Total net reserve on the Company's (statutory) basis of
valuation $ 21,51185 $ 15,695 80 $ 37,207 65
Deduction made therefrom (permitted under Section 43 (3),
Insurance Act, 1917) 3,356 50 4,087 97 7,444 47
Net reserve carried in the liabilities $ 18,155 35 $11,607 83 $ 29,763 18
MISCELLANEOUS STATEMENT.
I. The calculation of the "Reserve" in the "Statement of Actvarial Liabilities." —
(1) Policies were valued individually from the tables of mid-year reserves, calculated according to
the net premium method on the Om (^) table, with interest at 33^ p.c. The valuation age was taken as
the age at next birthday at entry.
No annuities have been issued.
There are no special classes of policies or items of special reserve.
II. No policies have been issued on lives resident in tropical or sub-tropical countries.
III. The rate of interest earned on the mean net ledger assets was 9-07 per cent.
Schedule C.
Department's
*Bonds and debentures — Par value. Book value. value.
Canada— Victory Loan $ 19,850 00 $ 19,682 29 $ 19,682 29
Canada— War Savings Certificates 50 00 43 34 43 34
City of Edmonton 55,966 66 54,065 75 49,279 86
Fork Lake School District, Alta 450 00 450 00 450 00
$ 76,316 66 $ 74,241 38 $ 69,455 49
Schedule E.-
Cash in banks —
Royal Bank of Canada $ 4, 613 22
Imperial Bank of Canada 181 86
4,795 08
*0f which are on deposit with Receiver General: — Dominion of Canada Victorv Loan, $10,000; City
of Edmonton, $55,966.66.
42 DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
COMMERCIAL UXIOX ASSURANCE COMPANY LIMITED.
Statement for the Year ending December 31, 1920.
Chairman, E. Roger Owen — Secretary, J. Dewhurst — Actuary, A. G. Allen — Principal
Office, London, England — Chief Agent in Canada, W. S. Jopling — Head Office in
Canada, Montreal.
(Incorporated September 28, 1861. Ccmmenccd business in Canada, September 11, 1863.)
CAPITAL STOCK.
Authorized and subscribed £ 2,9.50,000 $14,356,666 66
Paid in cash 1,475,000 7,178,333 33
ASSETS IN CANADA.
Ledger Assets.
Held solely for the Protection of Canadian Policyholders.
Department's value of bonds, debentures and debenture stocks owned by the Company on
deposit with the Receiver General (For details see Schedule C) S 250, 218 33
Other Ledger Assets.
Mortgage loans on real estate, first liens 2,495,435 83
Loans to policyholders secured by the Company's policies in force, the reserve on each
policj' being in excess of all indebtedness 10,442 38
Cash in banks {For details see Schedule E) 106, 560 83
Total Ledger Assets S 2,862,657 37
Non-Ledger Assets,
Interest on —
Mortgages:— Due, §25,336.61; accrued, §44,800.43 % 70,137 04
Gross premiums, less reinsured: — First Year. Renewal.
Due and uncollected % 31 70 $ 2, 127 62
Deferred 634 07
Total S 3170 % 2,76169
Deduct commissions and estimated loss in collection 15 85 276 16
Net premiums due and uncollected, and deferred S 15 85 $ 2,485 53
2,501 38
Total Non-Ledger Assets % 72, 638 42
Total Assets in Canada $ 2,935,295 79
LIABILITIES IN CANADA.
Net liability under assurance, annuity, and supplementary contracts in force for payments
not due, dependent on life, disability or anv other contingency or on a term certain (See
Statement of Actuarial Liabilities) ' $ 217, 221 60
Provincial, municipal and other taxes due and accrued 432 59
Total Liabilities in Canada S 217,654 19
INCOME IN CANADA.
Assurance premiums:— First year, $376.56; renewal, $16,783.51 S 17,160 07
Gross interest or dividends on —
Mortgages $ 167,283 43
Bonds and debentures 14,911 04
Bank deposits 1,669 29
183,863 76
Interest on loans and fines for extensions 640 24
Total Income in Canada $ 201, 664 07
LIFE INSURANCE COMPANIES
43
SESSIONAL PAPER No. 8
Commercial Union — Continued.
DISBURSEMENTS IN CANADA.
Death
Claims.
Matured
Endowments.
In respect of assurance contracts: —
Death and endowment claims-
Amount assured
Bonus addition
9,292 83 $
2,092 26
2,000 00
125 54
Total • $ 11,385 09 $ 2,125 54
■ S
Net surrender values ,
Total net disbursements in respect of assurance contracts 8
Taxes, licenses and fees (including taxes on investments but excluding taxes on real estate).
Head office expenses: — Auditors' fees -^ ■
Branch office and agency expenses:— Assurance commissions — first year, $76.76; renewal,
$723.77 •.■ • : ,
All other expenses:— Legal fees, $165.80; medical fees, $22.50; postage, $6.02; printing and
stationery, $43.50; Insurance Department fees, $12.48; miscellaneous, $1.50
13
510 63
639 00
,149 63
,460 46
100 00
800 53
251 80
Total Disbursements in Canada $ 16,762 42
EXHIBIT OF POLICIES.
Classification.
Whole Life.
Endowment
Assurances.
Term and Other.
Bonus
Additions
Totals.
No.
Amount.
No.
Amount.
No.
Amount.
No.
Amount.
At end of 1919
141
3
$ cts.
481,203 88
14,000 00
26
$ cts.
32,594 27
6
$ cts.
39,884 66
$ cts.
41,447 01
260 00
173
3
$ cts.
595,129 82
14,260 00
Totals
144
495,203 88
26
32,594 27
6
39,884 66
41,707 01
176
609,389 82
Less ceased by: —
4
7,893 33
1
2
1,000 00
2,000 00
1,026 86
34 55
5
2
2
9,920 19
2,034 55
2
3,000 00
10,652 00
3,000 00
331 00
251 62
11,234 62
6
21,545 33
3
3,331 00
1,313 03
9
26,189 36
At end of 1920
138
473,658 55
23
29,263 27
6
39,884 66
40,393 98
167
583,200 46
MISCELLANEOUS.
New policies issued and paid for in cash: — Number 3; gross and net amount, $14,000.
Total amount in force divided as to dividend plan:— Annual, $16,260; quinquennial, $291,
410.65; non-participating, $275,529.81
Total
$ 583,200 46
DETAILS OF POLICIES ISSUED PRIOR TO 31st MARCH, 1878, AND BONUS ADDITIONS
THEREON.
No.
Amount.
Bonus Addi-
tions thereon.
In force at beginning of year in Canada
Terminated
In force at date of statement
$ cts.
41,123 36
1,460 00
39,663 36
$ cts.
18,1.36 64
511 73
17,624 91
44
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
Commercial Union — Continued.
STATEMENT OF ACTUARIAL LIABILITIES.
Assurance Section.
Class of contract.
Gross in force.
No.
Amount
Reserve
Ordinary with Profits —
Life
97
15
S cts.
247,410 00
19,866 67
40,393 98
(2,000 00)
$ cts.
96,549 20
11,359 50
Endowment assurance
Bonus addition . . .
29,907 50
5 70
Policy with premium less than 102-5% of Om (') 3K% net prem-
ium
(1)
Totals
112
307,670 65
137,821 90
Ordinary without Profits —
Life
41
8
6
226,248 55
9,396 60
39,884 66
74,994 50
3, 126 30
1,278 90
Endowment assurance
Term, etc
Totals
55
275, 529 81
79,399 70
Grand totals
167
583,200 45
217,221 60
MISCELLANEOUS STATEMENT,
I. The calculation of the "Reserve" in the "Statement of Actuarial Liabilities."
(l)The policies were valued individually. The valuation age is the nearest integral age at 31st Decem-
ber, 1920. The net premiums are based on the age at entry to which the office premium corresponds.
L'p to 1905 this was the age next birthday at entry, while after that date allowance is made for quarter
j-ears of age. The valuation basis was Om (5) 3^ per cent.
Special classes: —
(a) No reserves were made in respect of extra premiums for climate or occupation.
(6) Policies issued at premiums corresponding to ages higher than the true ages have been valued at
the higher ages.
(c) No policies subject to lien have been issued by the Company in Canada.
(d) See (a).
(e) (J) and (g) No policies or annuities providing for di.?ability benefits have been issued by the Comp-
any in Canada.
(2) Items of special reserve: —
(a) No additional reserves were made on account of limited loading.
(b) The only guaranteed benefits in excess of the net premium reserve arise in the ca.se of policies with
Guaranteed Bonuses, and the reserv-e made in respect of these policies includes the full value of the Guar-
anteed Bonuses.
(c) (d) (e) and (/) None.
II. No additional surrender values are allowed in respect of extra premiums paid for climate risks.
In the case of policies issued at premiums corresponding to ages higher than the true ages, the calculatfons
for surrender values and paid-up insurance are based on the true ages.
III. The average rate of interest earned in 1920 on the Life Fund of the Company was 4.27 per cent
after deduction of Income Tax.
IV. The distribution of surplus: —
(a) Nine-tenths of the divisible surplus is alloted to policies entitled to share in profits and one-tenth
to the Shareholders.
(b) The principles adopted at the last Distribution of Profits as at 31st December 1912 provided: —
(1) That the Cash Bonus allotted to policies sharing for the first time, or with all previous bonuses
surrendered, should be in proportion tothe ordinarj- whole term annual premiums paid, or assumed
paid, during the Quinquennium excluding extra premiums for foreign residence, occupation or
other special risks.
(2) T hat in the case of Reversionarj- Bonuses at a previous valuation and remaining attached to
policy each such bonus should be treated as though it were a fresh Assurance effected at such
valuation by a hypothetical annual premium, and such hypothetical annual premium should
for purposes of participation be added to the ordinary' whole term annual premium for the Sum
Assured, the Cash Bonus alloted being in proportion to the combined ordinarj' and hypothetical
annual premiums assumed paid during the Quinquennium.
The following are the bases for conversion of the Cash Bonuses: —
Rate of Interest Mortalitj' Table
Reduction of premiums 3^% Om
Paid-up Assurances 3 % , Om(5)
Reduction of number of premiums payable 3^% Om
Reduction of Endowment period 3§% Om
(c) There are no participating annuities.
LIFE INSURANCE COMPANIES 45
SESSIONAL PAPER No. 8
CoMMEKCiAL Union — Continued.
Schedule C.
Par value. Department's
Bonds and debentures on deposit with Receiver General — value.
Cape of Good Hopc^Stock $ 107,066 67 $ 97,430 67
Queensland— Bonds 97,333 33 88,573 33
South Australia— Govt. Script Cert 7,300 00 7,081 00
Maisonneuve School Commissioners 41,000 00 32,800 00
Canada Permanent Mortgage Corporation, 1922, 5 p.c 24,333 33 24,333 33
$ 277,033 33 $ 250,218 33
Schedule E.
Cash in banks —
Bank of Montreal, Montreal $ 4,151 32
Union Bank of Canada 102,409 51
$ 106,560 83
GENERAL BUSINESS STATEMENT FOR THE YEAR ENDING DECEMBER 31, 1923.
LIFE DEPARTMENT.
The New Business rf the year consisted of 7,689 policies for £4,524, .594 of which £297,800 was
re-assured with other Offices, as c(m pared witn 6,719 policies for £4,484,999 (£588,300 re-assured) in
the year 1919. The net amount retained bj- tne Company at its own risk was £4,226,794.
The claims by death amounted to £322,440.
PROFIT AND LOSS ACCOUNT.
Balance of last year's account. . . .
Interest and dividends not carried
to other
accounts £ 710,38111 1
Less Income
Tax 80,186 15 2
£ s. d.
682,363 5 7
630,194 15 11
Amount transferred from Fire
Department 400,000 0 0
Amount transferred from Marine
Department 150,000 0 0
Amount transferred from Acci-
dent Department 450, 000 0 0
Transfer and other fees 2,049 11 1
Dividend paid
18th May.. £ 295,000 0 0
Dividend paid
2nd November. 295,000 0 0
Interest on Deb-
enture Stocks —
"West of Eng-
land" £
"Palatine"
"L^nion"
"Ocean"
11,008 18 4
9,966 0 7
21,347 14 0
32,544 6 8
Less Income
Tax
£ 74,866 19 7
22,460 1 10
Income Tax on Excess Profits
duty
Alterations, repairs, office fittings
and futniture at head office and
branches
Cost of business acquired
Amount written off Freehold
premises
Transferred to investment reserve
and contingencjr fund
Transferred to guarantee and
pension fund
Balance carried to next year's
account
8. d.
590,000 0 0
52,406 17 9
602,891 19 4
57,436 0 11
54,140 15 6
20,000 0 0
221,105 0 5
10,000 0 0
706,626 18 8
£2,314,607 12 7
£ 2,314,607 12 7
46
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
Commercial Union — Continued.
REVENUE ACCOUNT.
Amount of Life Assurance Fund £ s.
at the beginning of the year ... . 7,946,810 4
Premiums 941,877 14
Consideration for Annuities
granted 129,493 19
Interest and
Dividends £ 436.791 11 7
Less Income Tax 91,384 0 7
345,407 11
Assignment and other Fees 527 9
Profit on Exchange.
11,466 16 10
£9,375,583 16 6
Claims under policies paid and £ s. d.
outstanding —
By death 322,439 18 11
By maturity 196,011 18 11
518,451 17 10
Surrenders, including surrenders of
Bonus 72,308 5 7
Annuities 21,406 4 9
Return of consideration for Annui-
ties 59,935 18 8
Bonuses in reduction of premiums . . 221 12 6
Commission 57,635 12 9
Expenses of management 73,093 18 0
Bonuses in cash 1, 537 11 7
Amount of Life Assurance Fund
at the end of the year 8, 570,992 14 10
£9,375,583 16 6
PARTICULARS OF NEW LIFE ASSURANCES EFFECTED DURING THE YEAR 1920.
Number of policies 7, 689
Total sums assured £4,226,794 0 0
Amount received by way of single premiums 12, 566 0 7
Amount of the yearly renewal premium income 148,430 17 11
Note. — The items in the above Account and the Particulars of New Life Assurances are net amounts,
after deduction of Re-assurances.
LIFE INSURANCE COMPANIES
47
SESSIONAL PAPER No. 8
CoMMEKCiAL Union — Continued.
BALANCE SHEET OF THE LIFE DEPARTMENT.
Liabilities.
£ s. d.
Life Assurance Fund. 8,570,992 14 10
Claims admitted or intimated,
but not paid 88,150 17 10
Re-assurance premiums due, but
not paid 5,193 16 11
Commission due, but not paid .. . 2,500 0 0
Annuities due, but not paid 761 5 0
Amounts due to agents and others 8,094 5 10
Assets.
£ s. c
Mortgages on property within the
United Kingdom 1 , 304, 687 11
Mortgages on property out of the
United Kingdom 581,283 13 11
Mortgages on rates raised under
Acts of Parliament 218, 794 15 4
Loans upon life interests and rever-
sions 158,816 12 7
Loans upon stocks and shares 55, 133 2 0
Loans upon personal security 32,682 16 9
Loans upon the Company 's policies
within their surrender values. .. . 429,364 7 7
Investments (including those
(Book Value £51,252) deposited
in the Dominion of Canada as
security for policies issued there) —
Deposit with the High Court: —
£9,473 12s. 6d. War Loan,
1929-47 8,700 0 0
£10.000 New South Wales 3^
p.c. stock 6,900 0 0
British Government securities 3,386,913 5 7
Municipal and county securities —
United Kingdom 138,620 0 0
Indian and Colonial Government
securities 420,420 8 6
Indian and Colonial Provincial
securities 22,472 0 0
Indian and Colonial Municipal
securities 252,521 0 0
Foreign Government securities. .. . 189,547 6 0
Foreign Municipal securities 41 , 606 0 0
Railway and other debentures and
debenture stocks, home and
Foreign 852,325 7 6
Railway and other Preference and
Guaranteed stocks and shares.. . 120,642 16 0
Railway and other Ordinary
stocks and shares 102, 707 3 2
Life Policies purchased 1 , 944 19 10
Reversions purchased 40, 792 1 7
Branch, Agency and other balances 113,493 10 7
Amount due by Commercial Union
General Fund 82,792 9 6
Outstanding premiums 16,325 2 9
Outstanding interest 22,751 2 1
Cash in hand and on Current
Account 73,455 7 8
£8,675,693 0 5
£8,675,693 0 5
48
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
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LIFE INSURANCE COMPANIES
49
SESSIONAL PAPER No. 8
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50 DEPARTMENT OF IXSURAyCE
11 GEORGE V, A. 1921
CONFEDERATION LIFE ASSOCIATION.
Statement for the Year ending December 31, 1920.
Prrsicknt, J. K. Macdonald- — Vicc-Prcsidrnts, Joseph Henderson, Col. Albert E. Gooder-
HAM — Secretary, James A. Macdonald — General Manager, Charles S. Macdonald —
Actiiaiy, V. R. Smith, M.A., A.A.S., A. LA. — Head Office, Toronto.
(For List of Directors, see Appendix.)
^Incorporated April 14th. 1871,34Vict., Cap. 54. Commenced business October 31st, 1871.)
CAPITAL STOCK.
Authorized and subscribed..." $ 1,000,000
Paid in cash 100,000
{For List of Shareholders see Appendix.)
.SUMMARY BALANCE SHEET.
Assets. Liabilities.
Total ledger assets $25,857,487 44 Total liabilities S25,803,798 48
Kon-ledger assets 1,403, 129 85 Excess of assets over liabilities: —
Capital stock paid in cash . $ 100, 000 00
♦Surplus 1,356,818 81 1,456,818 81
Total assets §27,260,617 29 " Total $27,260,617 29
SYNOPSIS OF LEDGER ACCOUNTS.
As at December 31, 1919: — Decrease in ledger assets in 1920: —
Net ledger assets $23,469,248 76 Disbursements $ 4, 127, 190 84
Items in suspense 21 , 645 28
Total ledger assets. $23,490,894 04
Increase in ledger assets in 1920: — As at December 31, 1920: —
Income...... $ 6,488,308 81 Net ledger assets $25,815,108 73
Increase in items in sus-
pense.; 5,48143 Items in suspense 42,378 71
Total increase $ 6,493,790 24 Total ledger assets $25,857,487 44
Total $29,984,684 28 Total $29,984,684 28
ASSETS.
Ledger Assets.
Book value of real estate, unencumbered, held by the Company (For details see Schedule A)$ 2,225,048 13
Mortgage loans on real estate, first liens 5,412,081 46
Amount of loans as above on which interest has been overdue for one year or
more previous to statement $ 364, 681 53
Amount secured by the Company's policies in force, the reserve on each policy
being in excess of all indebtedness: —
Loans to policyholders $ 3, 224, 032 23
Advances to policyholders under automatic non-forfeiture provisions 92,416 38
■ 3,316,448 61
Book value of bonds, debentures, and debenture stocks owned by the Company {For details
see Schedule C) 13,200,019 29
Book value of stocks owTied bj- the Company (For details see Schedule D) 1 , 184,321 60
Cash: At head office, $6,618.04; in banks, $506,171.36; (For details sec Schedule E) 512,789 40
All other ledger assets 6,778 95
Total Ledger Assets $25,857,487 44
'Including $1,291,582.94 .surpfus contingently apportioned to deferred dividend policies issued prior
to Januarj- 1, 1911.
LIFE INSURANCE COMPANIES 51
SESSIONAL PAPER No. 8
Confederation Life — Continued.
ASSETS— Conc/«<f«/.
Non-Ledger Assets.
Interest, dividends and rents, due and accrued: —
Interest or dividends on — Due. Accrued.
Mortgages S 71,89144 $170,407 08
Bonds and debentures 100,544 73 190,364 52
Stocks 15,219 45
Premium notes, policy loans and liens 44,833 05
Total interest $ 172,436 17 $ 420,824 10
Rents 2,646 54 766 65
Total interest, dividends and rents, due and accruedS 175,082 71 $ 421,590 75
Gross premiums, less reinsured: — First Year. Renewal.
Due and uncollected $ 160, .381 02 $ .592,247 23
Deferred 23,854 04 114,103 07
.596,673 46
Total S 184,235 06 $ 706,350 30
Deduct commissions and estimated loss in collection 64,482 27 35, 112 86
Net premiums due and uncollected, and deferred $ 119, 752 79 $ 671,237 44
■■ 790, 990 23
Consideration for annuities, less reinsured: — Renewal — due and "uncollected 214 16
All other assets: — Coal at Head office and Winnipeg buildings, $10,500; due by agents,
.$4,7.52 15,252 00
Total Non-Ledger Assets S 1,403,129 85
Total Assets $27,260,617 29
LIABILITIES.
Xet liability under assurance, annuity, and supplementary contracts in force for payments
not due, dependent on life, disabilitv or any other contingency or on a term certain
(See Statement of Actuarial Liabilities) $24,645,296 00
Net liability for payments due under contracts: — Death Matured
Losses. Endowments.
Unadjusted $ 173,-343 95 I 21,740 00
Resisted— in suit 15,000 00
Totals f 188,343 95 $ 21,740 00
210,083 95
Provision for unreported death losses and disability claims 50,000 GO
Amounts left with the Company (arising out of assurance contracts) including interest accu-
mulations:—
Dividends, $2,515.92; amounts as.sured, $1,537.50; all other amounts, $3,263.74 7,317 16
Received from policyholders in advance:Premiums 4,962 24
Net dividends to policyholders due and unpaid 46, 204 18
Premium reductions on outstanding premiums and annuity consideration 4,093 03
Net profits allotted to deferred dividend policies issued on and after January 1, 1911 303, 154 84
Provincial, municipal and other taxes due and accrued 60,000 00
Balance of shareholders' surplus account 29,471 25
Medical examiners' fees due and accrued, $5,281.64; auditors' fees dud and accrued, $900. ... 6, 181 64
Advance payments other than from policvholders: —
Rents, $898.81; interest, $4,254.72 5, 153 .53
Investment Reserve Fund 389, 501 95
All other liabilities due and accrued: —
Plate glass reserve, $428.17; mortgagors' suspense, $202.82: taxes on annuities in United
Kingdom unpaid, $12,967.23; amounts received M-ith applications, $26,420.49; due to
agents $2,360 42,378 71 ,
Total Liabilities $25.803,798 48
SHAREHOLDERS' SURPLUS ACCOUNT.
Balance, Dec. 31, 1919 $ 28,141 55 Dividends to shareholders $ 20,000 00
Interest added during 1920 6,329 70
Shareholders' proportion of profits: —
Non-participating account 15,000 00
Balance, Dec. 31, 1920 29,471 25
Total $ 49,47125 Total $ 49,47125
8— 4i*
11 GEORGE V, A. 1921
52 DEPARTMENT OF ISsI inycE
Confederation' Life — Coutinued.
INCOME.
First Year. Rmcwal. SinKle.
Assurance premiums $1,196,322 27 $3,725,241 76 $*238,681 57
Loss reinsurance premiums paid 87,256 82 96,641 79
Total net premiums $1,109,065 45 $3,628,599 97 $ 238,681 57
-$ •4,976,340 99
Consideration for annuities $ 27,166 49 $ 2,42198 $ 83,122 21
112,710 68
Total net premium income and consideration for annuities S 5,089,057 67
Consideration for supplementary contracts: — Involving life contingencies 3,210 00
Amounts left with the Company at interest (arising out of assurance contracts): —
Dividends, SI. 375. 63; amounts assured. $1,.500; all other amounts, $3. .570.45 6,446 08
Interest, dividends and rents: —
Gross interest or dividends on —
Mortgages $ 361 , 666 48
Collateral loans 189 05
Bonds and debentures (less $6,766.20 paid for accrued interest on
bonds acquired during year) 605,025 17
Stocks 70,364 00
Premium notes, policy loans and liens 196,451 27
Total -S 1.233.695 97
Gross rents for Company's property (including $33,600 for Company's
occupancy of its own building) less $223,751.05 for taxes, expenses and
repairs in connection with .such properties 105,459 72
Total interest, dindends and rents 1,339. 155 69
Gross profit on sale or maturity of ledger assets: —
Real estate, $19,287.95; bonds, etc., $31,151.42 50,439 37
Total Income $ 6,488,308 81
DISBURSEMENTS.
Matured
In respect of assurance contracts: — Death Claims. Endowments.
Death and endowment claim.s —
Amount assured.... i 1,024,097 68 $ 459,609 38
Bonus addition 18,172 00 7.616 00
Total $ 1,042,269 68 $ 467,225 38
Less received for reinsured 12, 220 00
Net total $ 1,030,049 68 $ 467.225 38
$ 1,497.275 06
Net .surrender values 486. 665 80
Net dividends —
In cash $ 263,813 10
Left with the company at interest 1,375 63
Applied as single premiums: —
To purchase bonus addition $ 40. 309 99
To purchase premium reduction 18.978 56
59,288 55
Total net dividends 324.477 28
In respect of life annuity contracts: — Cash payments to annuitants 113.353 65
Total net disbursements in respect of assurance and annuity contracts. .S 2,421,771 79
Net payments on .supplementary cfiitracts: —
Involving life contingencies, SI, 190; not involving life contingencies, $6,557.25 7,747 25
Net reduction in premiims resulting from application of dividends » 31,559 27
Amounts left with the company and interest accumulations withdrawn: —
Dividends, $1,666.44; all other amounts, $1,905.59 3,. 572 03
Interest or dividends to shareholders 20, 000 00
*Including $59,288.55 single premiums paid by application of a.s.surance dividends.
LIFE INSURANCE COMPANIES
53
SESSIONAL PAPER No. 8
Confederation Life — Continued.
DISBURSEMENTS— ConcZWfd.
*Taxes, licenses and fees (including taxes on investments but excluding taxes on real estate) .1 81,437 59
*Head office expenses:— Salaries, $174,179.16; directors' fees, $10,000; auditors' fees, $3,450;
travelling expenses, $3,080.17; rents, $30,000; miscellaneous, $1,125.21 221,834 54
*Branch office and agency expenses:— Assurance commissions — first year, $704,172.85; renewal
$123,865.51; annuity commissions — first year, $5,111.42; renewal, $22.99; advanced to
agents, $10,324.06; salaries, $196,740.17; travelling expenses, $59,380.14; rents, $40,006.45 1,139,623 59
*An other expenses: — Advertising, $25,659.33; books and periodicals, $3,213.47; express,
telegrams and telephones, $9,761.58; legal fees, $8,057.32; medical fees, $64,667.05; office
furniture, $15,023.81; po.stage, $16,475.89; printing and stationery, $50,741.05; commis-
sions on loans, $4, .527. 94; miscellaneous, $1,523.34 199,650 78
Total Disbursements $4, 127, 196 84
EXHIBIT OF ANNUITIES.
Life Annuities
Proper.
Arising out of Life Assurance
Contracts.
Totals.
Classification.
Involving Life
Contingencies.
Not involving life
Contingencies.
No.
Annual
Payment.
No.
Annual
Payment.
No.
Annual
Payment.
No.
Annual
Payment.
At end of 1919
374
23
$ cts.
117,130 24
35,493 55
18
1
$ cts.
1,243 65
400 00
32
$ cts.
6,435 05
424
24
$ cts.
124,808 94
35,893 .55
New issued
Totals
397
152,623 79
19
1,643 65
32
6,435 05
448
160,702 49
Less ceased by: —
Death
4
1,329 08
1
53 65
5
2
\
1,382 73
Expiry
2
193 15
193 15
Surrender
1
1
121 66
97 34
179 87
1
56 80
178 46
Lapse
97 34
Decrease
179 87
Total ceased
6
1,727 95
2
110 45
2
193 15
10
2,031 55
At end of 1920.
391
150,895 84
17
1,533 20
30
6,241 90
438
158,670 94
*Investment expenses included in these items: — Salaries: Head Office, $29,286.66;
branch offices, $19,307.17; travelling expenses: Head Office, $2,593.81; Branch offices,
$5,918.96; taxes on investments, $3,306.89; commissions on loans, .$4,527.94; rents, $5,740;
miscellaneous, $15,195.64
Total investment expenses ? $ 85, 8TV 07
54
i>i:i'M!r]fi:\r (>/•• ixsuuixr/:
11 GEORGE V, A. 1921
Confederation Life — Continued.
EXHIBIT OF POLICIES.
(For policies herein included involving disability benefits see Abstract)
Classification.
Whole Life.
Endowment
Assurances.
Term and
Other.
Bonus
Additions
Totals.
No.
Amount.
No.
Amount.
No.
Amount.
No.
Amount.
At end of 1919
40,902
9,414
277
$
78,390,744
23,086,964
636,156
188,800
368,125
15,435
2,948
73
■■■67
31,708,851
10,146,930
199,443
101,225
191,906
530
186
6
2
$
1,910,988
969,332
27,367
10,000
7,500
$
470,791
76,874
1,745
56,867
12,548
3.56
112,481,374
34,280,100
Old revived
864,711
300,025
Transferred to
129
1,937
198
.569,468
Totals
50,722
102,670,789
18,523
42,348,355
724
2,925,187
551,347
69, 969
148,495,678
Less ceased by: —
Death
401
725,614
108
338
70
179
642
'216
65
242,679
461,949
153,489
12,614
345,113
1,616,515
88,072
770,797
153,627
9
1
40
25,000
487
178,427
15,085
7,616
1,002
1,153
6,559
440
518
339
240
■'796
2,860
1,008,378
470,052
130
250,676
22,113
1,093,079
4,434,205
269,365
1,371,535
229,714
583,. 594
8urrendered-
paid-up poli-
35,880
617
2,174
1,444,751
Lapse
44
5
51
184,931
1,500
16,667
187,667
6,236,091
.358,937
Not taken
Transferred
from
544
. . 81
1,126
1,937
765
197
2,160,125
.572,945
Total ceased... .
3,947
8,396,301
1,618
3,844,855
150
594,679
34,918
5,715
12,870,753
At end of 1920..
46,775
94,274,488
16, 905
38,503,500
574
2,330,508
516,429
64,254
135.624,925
2,227,6281-
1,314,101
70, 500
4,042
3,616,271
1
MISCELLANEOUS.
New policies issued and paid for in cash: — Number 11,829; gross amount, $32,151,024; rein-
sured in other licensed companies, $1,531,725.
Claims reinsured:— Death claims, $12,220.
Total amount in force divided as to dividend plan: — Annual, $10,910,063; quinquennial,
$37,252,625;' deferred, $69,148,298; non-participating, $18,313,3.39.
Total $135,624,925
LIFE INSURANCE COMPANIES
55
SESSIONAL PAPER No. 8
Confederation Life — Continued.
STATEMENT OF ACTUARIAL LLIBILITIES.
Assurance Section.
•
Class of Contract.
G
ross in Force.
Reinsured in Companies
licensed in Canada.
Number.
Amount.
Reserve.
Amount.
Reserve.
Ordinart/ with Profits: —
Life..
41,941
14,929
29
$
82,914,784
33,8.34,655
45,718
516,429
S
12,692,752
7,-583,081
1,891
327,619
58,178
26,657
$
1,981,765
1,294,764
$
182 830
127,894
Bonus addition
4,042
2 178
Total disability reserve
56,899
117,311,586
20,690,178
3,280,571
312,902
Ordinary without Profits: —
Life
4,843
1,966
546
11,378,871
4,647,678
2,286,790
2,063,203
1,084,704
20,578
1,517
236
245,863
19,337
70,500
41,937
1,111
Term, etc
430
Re.serve on policies with premium
less than 102-5% O.vi (s) 3}^%, Net
Totals
7,355
18,313,339
3,170,238
335,700
43,478
Grand totals
64,254
135,624,925
23,860,416
3,616,271
3.56,380
Annlity Section.
Class of Annuity
Gross in Force.
Number.
Annual
Payment.
Reserve.
With Profits—
Life annuities proper
Supplementary contracts: —
Involving life contingencies
41
17
24
$ cts.
30,246 88
1,533 20
5,541 90
$
53,786
13,708
41 , 459
Totals
82
37,321 98
108, £53
Without Profits:—
Life annuities proper
Supplementary contracts:^ —
Not involving life contingencies
3.50
6
120,648 96
700 00
1,025,711
6,596
Totals
356
121,348 96
1,032,307
Grand totals
438
158,670 94
1,141,260
SUMMARY OF RESERVE.
With Without Total.
Profits Profits.
Total reserve, policy and annuity contracts .? 20,799, 131 S 4,202,545 $ 25,001,676
Total reserve on reinsured contracts 312,902 43,478 356,380
Total net reserve on the Company's basis of valuation. ...... S 20,486,229 $ 4,159,067 $ 24,645,296
EXeduction therefrom permitted under Section 43 (3), Insur-
ance Act, 1917 (none made) (S 572,900) ($ 43,506) (.? 616,406)
Net reserve carried in the liabilities -. S 20,486.229 S 4,159,067 S 24,645,296
Net reserve estimated on the statutory basis (without deducts
ion) S 20,368,080 $ 4,159,067 $ 24, .527, 147
Reserve maintained bv the Companv in excess of the statutory
reser^-e... 118,149 118,149
56 DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
Confederation Life — Continued.
MISCELLANEOUS STATEMENT.
I. The calculation of the "Reserve" in the "Statement of Actuarial Liabilities."
(1) The "reserve" in the "Statement of Acfuarial Liabilities" was calculated upon what is known as
the "Net Premium Basis." The net premiums under the various classes of assurance are determined
according to the Table of Mortality and the rate of interest employed in making the calcuRition; the net
reserve of each policy being the excess of the present value of the assurance over the present value of the
future net premiums receivable.
Assurance policies are grouped according to plan, year of issue, and age at entry, and are valued by
means of previously prepared tables of policy reserves. It is assumed that the average date of issue is the
middle of the year, and the valuation age is that for which the premium is charged. All policies with
northern rates were issued at "age next birthday" prior to the first of December, 1914, but subsequently
at "age nearest birthday." All policies with tropical or semi-tropical premiums were issued at "age
nearest })irthday."
Annuity policies are valued individually for exact durations, and the age is taken "age last birthday"
at the date of the last annuity payment, increased by one-half if date of payment is six months or more
after birthday.
In calculating the reserve under insurance policies issued at ordinary rates, the British Offices' Om (')
Table of Mortality, 1893, was employed with interest at 4 per centum for participating policies issued
prior to January 1, 1896, and 3^ per centum for participating policies issued during the years 1896 to 1899
inclusive, and 3 per centum for participating policies issued during the years 1900 to 1920 inclusive, and
Sf per centum for non-participating policies for all years of issue. For all tropical and semi-tropical busi-
ness the American Tropical Experience Table was employed with interest at 3 per centum for participating
policies and 3^ per centum for non-participating policies. For annuities the British Offices' Select Life
Annuity Tables, 1893, with interest at 3| per centum were used.
Special Classes —
(o) Policies issued on lives resident in tropical or semi-tropical countries were valued upon the net
premium basis according to the American Tropical Experience Table with 3 per centum interest for
participating policies and 3j per centum for non-participating policies.
(h) Policies issued at premiums corresponding to ages higher than the true age were valued at the
higher age.
(c) Policies providing payment at death, during certain periods, of an amount less than the full
amount of insurance, being policies subject to liens, were valued for the full amount.
id) Policies issued at or subsequently subject to a fixed extra premium, whether payable in one
sum or annually, were valued on the same basis as policies issued at the regular rate of premium.
(e) Policies otherwise issued on lives classed as sub-standard for the plan of contract issued, or on
special class lives, were valued on the same basis as policies on standard lives.
(/) Under policies providing for disability benefits, whether (1) for the waiver of premium only,
(2) for the waiver of premium and payment of the .sum insured in instalments, or (3) for the waiver of
premium together with the payment of a disability annuity, without deduction from the sum insured,
an extra reserve on account of the disability benefits is held before the occurrence of disability, amount
ing to one-half of the total gross premiums received. The only disability claims outstanding are two
providing for the waiver of the premium, and the reserve held is the normal reserve for fully paid-up
policies.
(g) Annuities issued to lives classed as "under average" were sold on the basis of a higher age
than the true one, and were valued at the higher age.
(2) Items of special reserve —
(a) No extra reserve is held under limited and single premium policies on account of prepaid or
limited loadings.
(b) The excess of the guaranteed cash value over the net premium reserve employed being very
small, and arising under accumulated dividend policies only, at the end of the dividend period is
treated as part of the surplus funds held at the credit of the policies with accumulated dividends.
(c) No reserve is held on account of lapsed policies not continued in force under automatic non-
forfeiture provisions not having a surrender value, but being subject to reinstatement.
id) The Association does not issue renewable term policies.
(e) Under all convertible term policies, the amount of the gross premium charged, in excess of
the rate for an ordinary term, accumulated at 51 per centum, is held in addition to the regular net
premium reserve.
II. Under the special class policies referred to in I. (1), (a) to (f), the modifications or lirnitations
regarding guaranteed values are: (1), in (a), — The non-forfeiture values under tropical and semi-tropical
policies have been calculated on the same general principles as those granted under policies issued at north-
ern rates, except that the American Tropical Experience Table has been used when calculating any life
contingency involved. (2), in (b),— The non-forfeiture values are those for the rated-up age except that
special provision is made in the automatic extended insurance for the increased mortality. (3), in (c),
(d) and (e), the non-forfeiture values are the same as those for standard policies, except that under the
automatic extended insurance benefit special provision is made for the extra mortality likely to be experi-
enced.
III. The average rate of interest earned on the mean net ledger assets was 5-81 per centum.
IV. The Distribution of Surplus —
(a) Distribution of Surplus between Policyholders and Shareholdens —
In accordance with the provisions of Section 104 of the Insunmco Act, 1917, shareholders are credited
with (1) interest earned upon the paid-up capital stock an<l shareholders' funds at the average net rate
earned for the year; (2) the profits earned in the non-participating branch of the business; and (3) a sum
not exceeding ten per centum of the profits earned in the participating branch of the business. For the
years 1918, 1919 and 1920 no portion of profits earned in the participating branch has been transferred to the
siharcholdcrs' account, and the average transferred since 1887 has been only about 4%.
(6) Distribution of Profits to holders of participating policies —
LIFE INSUKANCE COMPANIES
57
SESSIONAL PAPER No. 8
Confederation Life— Continued. «
MISCELLANEOUS STATEMENT— Conc/u(it(f.
Annual Dividends.
Dividends were computed by means of a Model Dividend Scale, calculated on what is known as the
"Three-Factor Method." This annual dividend, which commences in the second year, consists of three
parts, vfz.: (1 ) Interest earned upon the reserve value of the policy at a rate equal to the difference between
the rate employed in making the valuation and the net rate earned, viz., five per centum; (2) the saving
in mortality, being the difference between the tabular rate charged and the rate assumed to have been
experienced, viz., sixty per centum of the Om (5) Table for ages 40 and under, increasing thereafter by one
per centum for each year's increase in age up to a maximum of ninety per centum at age 70; (.3) the portion
of the premium loading not required for expenses. The expense charge varies slightly with the age at
issue and plan of insurance, being the difference between the gross premium charged and the net premium,
calculated with three per centum interest upon the Om(5) Table of Mortality loaded five per centum.
The annual dividends declared in any year are taken as a percentage of those of the Model Dividend Scale
Quinquennial Dividends.
The annual dividend forms the basis for the quinquennial dividend. The annual dividends are im-
proved with interest at the net rate earned, up to the end of the quinquennial period. Annual dividends
earned under policies in the quinquennial class, which fail to complete their dividend periods are reappor-
tioned amongst the policies of the same class, which are in force at the expiry of the quinquennial period.
Deferred Dividends.
To the deferred dividend policies, dividends are allotted at the end of each five-year period, and
are improved with interest at the net rate earned, up to the end of the deferred dividend period. Divi-
dends allotted to policies which fail to complete their deferred dividend periods are reapportioned amongst
the policies of the same class which are in force at the expiry of the deferred dividend periods.
Bonus Additions and Temporary Reductions.
The dividends are used to purchase; (a) bonus additions on the basis of the Om (5) 4 per centum net
premium ; and (b) temporary premium reductions on the basis of the Hm .5 per centum net premium.
Semi-Tropical and Tropical Dividends.
The dividends to tropical and semi-tropical policies are allotted upon the same general principles as
those allotted to policies issued at ordinary rates, due regard being given to the extra rate of mortality
etc., which may be expected under these policies.
(c) Distribution of Profits to Annuitants —
The Association has issued participating annuities only upon the deferred annuity plan payable by
annual premiums.
Dividends are computed on what is known as the "Two Factor Method." The annual dividend,
which commences in the first year, consists of two parts, viz., (1) Interest earned at a rate equal to the
difference between the rate assumed when calculating the premium, viz., three and one-half per centum
and the net rate .earned, viz., five per centum, and (2) the portion of the premium loading not required
for expenses. The expense charge is seven and one-half per centum of the premium.
The Association had no participating annuities ranking for profits in 1920.
DEFERRED DIVIDEND POLICIES.
Issued prior to January 1, 1911, and Amount of Profits contingently apportioned thereto.
Year
of
Issue.
1894..
1896..
1897. .
1898..
1899..
1900..
1901..
1902..
Total Net Profits
Amount Contingently
in Force. Apportioned
$ 1,000 00 $ 164 41
39,210 00 7,173 01
53,050 00 9,539 69
69,275 00 12,869 65
107,120 00 18,406 98
43,000 00 10,560 55
698,915 00 109,036 94
866,907 00 142,480 66
1903 1,084,031 00 164,877 63
Year Total Net
of Amount
Issue. in Force.
1904 $ 1,293,887 00
1905 1,331,072 00
1906 1,474,048 00
1907 1,691,549 00
1908 1,556,213 00
1909 1,660,803 00
1910 1,969,867 00
Profits
Contingently
Apportioned.
$ 174,346 04
167,088 13
106,723 85
109,984 04
95,303 13
84,608 28
78,419 95
Totals $13,939,947 00 $ 1,291,582 94
Issued on and after January 1, 1911, and Amount of Profits Credited thereto.
Year Total Net
of Amount Profits
Issue. in Force. Credited.
1911 $ 1,895,684 00 $ 63,971 81
1912 2, 501,. 342 00 76,693 59
1913 2,421,491 00 61,743 12
1914 2,538,355 00 51,875 27
1915 3,163,410 00 48,871 05
1916 3,231,722 00 Nil.
Year Total Net
of Amount
Issue. in Force.
1917 $ 3,919,885 00
1918 4, .323, 431 00
1919 6,727,727 00
1920 7,981,388 00
Profits
Credited.
Nil.
Nil.
Nil.
Nil.
Totals.... 138,704, 435 00 $ .303,154 84
58
DEPARTMEST OF INSURANCE
11 GEORGE V, A. 1921
• Confederation Life — Conlinued.
SCHEDtrLE A.
Roal estate: — Actual cost.
Alberta —
Calgary, one parcel S 5, 020 13
Edmonton, Lots 21 and 22, Block 19, Plan S.D. of R.
L. 16 and 18, Edmonton Settlement, Plan 23,
Syndicate Ave. and Picard St 33,087 31
Edmonton, four other parcels, none exceeding $18,000
Department's value 42,095 84
British Columbia —
New Westminster, three parcels, each under $5,000
Department's value 10,989 19
Vancouver, Lots 9 and 10, Block 71, S.D. of D.L. 196,
Grp. 1, Vancouver Dist., Hastings St. E 84,980 67
Vancouver, Lot 17, Block 45, S.D. of D.L. 185, Grp. 1,
Dist. Plan 92, Barclay St 30,657 58
Vancouver, Lot 4. Block .55, S.D. of D.L. 196, Grp. 1,
Vancouver Dist., 316-318 Powell St 28,849 68
Vancouver, Lot 5, Block 55, S.D. of D.L. 196, Grp. 1,
Vancouver Dist., 196 Powell St 27,847 00
Vancouver, thirteen other parcels, none exceeding
$6,000 Department's value 51, 175 80
Rural property, two parcels, neither exceeding $5,000
Department's value 8, 038 98
Manitoba —
Brandon, one parcel 5, 957 63
Souris, one parcel 3, 701 58
Winnipeg, Winnipeg OflBce Building, Main St 573, 117 74
Winnipeg, one other parcel 291 77
Rural property, one parcel 6, 183 70
Ontario —
Toronto, Head Office Block 1,270,983 16
Toronto, two other parcels, neither exceeding $6,000
Department's value 2,695 35
Quebec —
Montreal, Lot 214, 21-23 Chesterfield Ave., West-
mount 12, 635 02
Saskatchewan —
Indian Head, one parcel 3,628 97
Moose Jaw, Lots 19, 20, Block 128, Plan Old 96, River
St. W 25,894 27
Moose Jaw, Lot 5, Block 30, Old Plan 96, 47 Hochelaga
St. W 5,342 03
Moosomin, two parcels, neither exceeding $2,500
Department's v'alue 5,996 21
Regina, two parcels, neither exceeding $6,500 Depart-
ment's value 11,901 15
Rural property, twelve parcels, none exceeding $4,000
Department's value 22,869 82
$ 2,273,940 58
Book value.
$ 5,020 13
Department's
value.
$ 6,000 00
33,087 31
35,000 00
42,095 84
48,000 00
9,929 41
10,500 00
84,980 67
100,000 00
30,657 58
35,000 00
28,849 68
35,000 00
27,847 00
35,000 00
51,175 80
58,500 00
8,038 98
9,000 00
5,957 63
3,701 58
573,117 74
1 00
4,500 00
6,000 00
4.000 00
650,000 00
1 00
4,500 00
1,234,448 39
1,843,694 00
2,986 14
6,700 00
12,635 02
9,500 00
3,628 97
3,750 00
23,402 87
25,000 00
5,342 03
7,000 00
3,038 25
2.787 05
11,901 15
12,500 00
18,704 96
. 21,700 00
$ 2,225,048 13
$ 2,969,132 05
Schedule C.
*Bonds and debentures —
Governments — ■ Par value. Book value. Department's
Canada— ' value
Stock $ 73,000 00 $ 46,835 63 $ 46,835 63
Victory Loan 5,025,2.50 00 4,975,923 85 4,975.923 85
Provinces of Canada —
Alberta.— Registered Stock 7,300 00 5,395 22 5.395 22
British Columbia— Bonds 100,000 00 94,148^0 94,148 90
Manitoba— Bonds ; 40,000 00 38,758 54 38,758 54
Debentures 83,706 66 68,519 48 68,519 48
Registered .stock 48,666 67 38,370 36 39.420 00
Ontario— Annuities 62,353 80 62,353 80 55,297 91
Debentures 225,000 00 216,250 00 203,2.50 00
Quebec— Inscribed Stock 225,6.38 13 112,423,19 112,423 19
Saskatchewan— Bonds 100,000 00 85,856 52 85,856 52
*Of which are on deposit with Receiver-General: — City of St. John, $19,000; City of Toronto.
$41,366.67; City of Vancouver, $20,000; County of Richmond, $5,000.
SESSIONAL PAPER No. 8
LIFE INSURANCE COMPANIES . 59
Confederation Life — Conlinued.
Bonds and debentures! — Continued. Schedttle C — Continued.
Governments — Concluded. Par value Book value Department 'rf
Other Governments — value
British— Consolidated Stock $ 120,203 58 $ 103,772 54 $ 67,314 00
National War Bonds 64, 531 99 60, 577 83 60, 577 83
War Loan .58,400 00 49,469 35 49,469 35
Newfoundland— Bonds 124,333.33 114.051 51 114,05151
Cuba— Gold Bonds, Internal.? 25,000 00 24,360 00 23,500 00
Japan— Sterling Bonds (2nd Series) 97, 333 33 95. 572 ,56 -95, 572 56
Mexico— External consolidated Gold Loan of 1899 183,330 00 182,284 62 82,498 50
Gold Bonds of 1904 .50.000 00 47,582 00 19,500 00
Internal Silver Bonds 24,750 00 21,688 45 4,950 00
$6,738,797 49 $6,444,194 35 $6,243,262 99
Cities —
Alberta —
Lethbridge $ 32,924 42 $ 30,7.36 37 $ 27,985 76
Medicine Hat 55,866 72 51,489 98 50,693 05
Wetaskiwin.. 56,793 95 56,793 95 49,410 74
British Columbia —
Chilliwack 24,000 00 24,878 20 22,560 00
New Westminster 200,000 00 200,000 00 174,700 00
Vancouver 50,000 00 50,672 77 42,. 500 00
Manitoba —
Brandon 106, 000 00 100, 696 94 98, 090 15
Portage la Prairie 143,000 00 145,343 87 126,340 00
St. Boniface 53,000 00 .52,260 94 50,350 00
Winnipeg •. 75,000 00 68,718 00 55,500 00
New BrunswicJi^St. John 23,866 66 22,466 70 20, .576 70
Nova Scotia— Sydney 42,500 00 40,739 71 37,851 16
Ontario —
Brantford 38,882 00 39,298 16 37,444.36
Chatham 14,230 14 14,2.30 14 13,32186
Fort William 63,309 54 61,646.54 56,977 16
Gait 77,000 00 75,. 570 25 75,477 52
Guelph 26,517 72 26,884 96 26,212 55
Hamilton 30,814 67 26,885 56 26,885 56
Kingston 12,719 24 13,114 78 12,35152
Kitchener 48, 107 04 47,453 05 45,750 30
London 120,000 00 112,284 00 97,200 00
Niagara Falls 15,916 29 16,816 04 15,597 96
Peterborough 28,700 00 27,847 37 27,926 00
Port Arthur 86,840 00 88,570 80 80,246 00
Sarnia 6,894 84 6,935 40 6,687 99
Toronto 612,583 96 534,525 25 513,109 96
Windsor 54,034 00 51,838 28 52,953 32
Woodstock 52,03113 48,4.52 63 48,452 63
Quebec —
Maisonneuve 4,866 67 3,589 23 3,589 23
Montreal 230,966 85 216,623 33 201,582.55
Saskatchewan —
Moosejaw 73,575 11 72,992 31 67,776 54
Prince Albert 66,274 12 66,274 12 33,137 06
Regina 32,000 00 29,549 67 29,650 00
2,559,215 07 $ 2,426,179 .30 $ 2,228,887 63
Towns —
Alberta— Macleod $ 47,000 00 S 43,728 36 $ 39,480 00
Manitoba —
BcJissevain 11,406 35 10.972 34 10,265 72
Dauphin 7,435 36 7,467 26 6,989 24
Neepawa 16,000 00 15,929 41 14,880 00
Rapid City 7,0(10 00 7,059 16 6,160 00
Selkirk 27,328 11 26,340 21 25,983 24
New Brunswick —
Chatham 10,000 00 10,000 00 8,200 00
Moncton 7,000 00 7,000 00 6,580 00
Nova Scotia —
Amherst 9,000 00 9,000 00 8,010 00
Annapolis Royal 2,500 00 2,500 00 2,275 00
Parrsboro 25,000 00 25,050 00 21,500 00
Pictou 62,000 00 62,000 00 53,680 00
Westville 25,000 00 22,665 36 23,000 00
60
DEPARTMEM or IS.SiUANCE
Confederation Life — Continued.
11 GEORGE V, A. 1921
Schedule (' — Conlinmd.
Bonds and debentures — Conlinuid.
Towns — Concluded. Par value.
Ontario —
Chesley $ 28,896 07
Clinton 14,000 00
Goderich 21,741 25
Lindsay 20,600 00
North Bay 27,679 85
Oakville 14,562 14
Oshawa 16,431 95
Pembroke ; 50,000 00
St. Mary's 17,000 00
Trenton 12, 513 58
Wallaceburg 50,261 13
Welland 25,000 00
WKitby 33,071 60
Eight other towns, par value for each less than
$10,000 47,691 96
Quebec —
Emard 33,000 00
Fraserville * 57,000 00
Lachine 35,000 00
Notre Dame de Quebec 25,000 00
St. Paul de Montreal 80,000 00
Verdun 100, 000 00
Three other towns, par value for each less than
$5,000 8, 395 56
Saskatchewan —
Areola 33,170 58
Carlyle 18, 514 00
Maple Creek 21,046 65
Melville 15, 598 74
Weybum 50, 000 00
Yorkton 49,316 34
Four other towns, par value for each less than
$10,600 23, 119 38
$ 1,184,680 60
Book value.
30,666 54
13,212 57
21,215 15
20,418 89
27,679 85
14,816 62
16,071 56
48,287 10
17,112 42
13,401 21
52,448 93
24, 149 78
33,826 26
47,774 85
34,456 00
57,350 10
33,830 14
26,087 07
80,943 75
105,641 84
8,107 31
34,250 88
18,979 18
21,046 65
16,032 09
47,612 40
50,450 79
23,020 48
Department's
value.
S 28,318 15
13,300 00
21,0S9 01
20,400 00
26,019 (l<;
14,i;i2 33
15,880 29
48,. 500 00
17,170 00
12,888 99
51,266 35
24,000 00
35,055 90
45,425 37
32,010 00
50,940 00
28,2.50 00
24,250 00
71,800 00
94,200 00
7,356 25
31,322 05
16,502 80
17,772 98
14,194 85
47,000 00
46,636 72
20,640 51
$ 1.188,602 51 $ 1,103,324 81
Villages —
British Columbia- — Kelowna
Ontario —
Bridgeburg
Markham
New Toronto
Four other villages, par value for each less than
$3,500
Quebec—
Chambly Basin
Chambly Canton
Cowansville
Montmorency
Windsor Hills
$ 35,000 00 $ 33,065 26 $ .30,150 00
16,211 76
14,950 93
11,6.56 00
8,. 327 45
6,851 15
6,851 15
5,500 00
6,288 60
32,200 15
Townships, Districts or Municipalities —
British Columbia —
Burnaby $ 102,000 00
Delta 80, 292 62
Lulu Island West Dyking 54,000 00
New Lulu Island Slough Dyking 26, 200 00
Point Grev 25, 000 00
Richmond 112,000 00
Manitoba —
Oakland 2, 785 87
Wallace 30,905 11
Ontario— Bartcm 34,261 44
Saskatchnvan —
Four items, par value of each not exceeding $7,000 20,250 00
$ 487,695 04
16,211 76
14,950 93
10,993 94
8,337 80
6,851 15
6,851 15
5,686 60
6,020 6
32,200 15
107,655 79
80, 1.59 56
52,376 02
26,577 .52
25,000 00
94,597 97
2,760 90
27,866 81
.32,519 75
19,845 68
14,752 70
15. 100 44
10,840 08
7,814 32
5.617 94
5,017 94
5,060 00
5,974 17
25,438 12
$ 143,837 19 $ 141,169 42 $ 126,365 71
88,120 00
69,613 36
48,460 00
24,803 00
22,7.50 00
85, 120 00
2,674 44
26,578 39
32,548 37
19,014 50
$ 469,360 00 $ 419,682 06
LIFE IN8VRANCE COMPANIES 61
SESSIONAL PAPER No. 8
Confederation Life — Continued.
Schedule C — Continued.
Department's
Counties, Nova Scotia — Par value. Book value. value.
Cape Breton $ 56,000 00 $ .56,000 00 ? 4.5,820 00
Lunenburg 1,000 00 1,000 00 960 00
Riehmond 5,000 00 5,149 70 4,850 00
$ 62,000 00 $ 62,149 70 $ .51,630 00
Schools —
Alberta —
Castor $ 10,000 00 $ 10,422 30 $ 10,422 30
Crossfield 7,500 00 7,. 596 71 7,200 00
Lethbridge 5,999 94 5,999 94 5,999 94
Medicine Hat 25,000 00 23,708 85 22,750 00
Strathcona 12,000 00 12,3.52 79 11,280 00
Three other schools, par value for each not exceed-
ing $5,000 11,. 508 36 11,826 95 11,054 44
British Columbia— ?^pa,\lumcheen 8, 000 00 8, 121 57 8, 121 57
Manitoba —
Brandon .50,000 00 48,680 14 44,. 500 00
East Kildonan 80,000 00 77,493 80 77,493 80
Elkhom : 14,900 00 14,983 67 13,586 00
Goose lake 7,398 77 7,4.37 48 7,304 16
Gunton 5,250 00 5,412 27 4,987.50
Makaroff 7,718 16 7,718 16 7,718 16
Prosperity 5,400 00 5.302 92 5,302 92
St. Boniface 18,600 00 18,909 74 17,604 00
Selkirk 5, .5.50 00 5,4.50 04 5, 328 00
Starbuck 7,. 500 00 7,627 76 7,627 76
Swan River 10,500 00 10,817 55 9,975 00
Winkler 8,400 00 8,. 343 15 7,896 00
Ten other schools, par value for each less than
$4,700 14,144 02 14,200 93 13,84107
On/ano— Fort William 25,000 00 21,867 42 21,867 42
Quebec —
Cote des Neiges .50,000 00 49, 104 .53 51,500 00
Emard 55,000 00 58,499 00 51,870 00
LonguePointe 37,000 00 .37,013 65 .30,670 00
Montreal, R. C 150,000 00 1.34,104 37 139,753 73
Notre Dame de Grace 30,000 00 31,209 00 27,700 00
St. Francis de Solano 50,000 00 51,846 29 51,846 29
Saskatchewan—
Fillmore 5,2.50 00 5,276 25 5,197.50
Kamsack 13,930 48 13,605 41 13,605 41
.Keerrobert 16,. 500 00 17,192 79 16,500 00
Meota 8,400 00 8,098 00 8,400 00
Outlook 6,077 93 6,077 93 6,077 93
Pense 6,600 00 6,88100 6,600 00
Regina 28,000 04 28,218 53 26,040 04
St. Henry, R. C 15,000 00 15,279 73 15,900 00
Eight other schools, par value for each less than
$4,.500 24,875 19 25,276 61 24,518 68
$ 837,002 89 $ 821,957 23 $ 798,039 62
Rural Telephones, Saskatchewan —
Hilldrop $ 15,800 00 $ 16,048 22 $ 16,048 22
Linden Valley 8,400 00 8,53196 8,53196
Minot 5,754 84 5,837 25 5,837 25
Rockland 10,344 57 10,756 37 10,756 37
Star City ' 33,000 00 33,. 543 07 33,543 07
73,299 41 $ 74,716 87 $ 74,716 87
Railways —
Canadian Northern Railway (Guaranteed by Mani-
toba) 1930, 4 p.c $ 61,. 320 01 $ .52,493 37 $ 52,493 37
Grand Trunk Pacific Railway (Guaranteed by Dom.
of Canada) 1962, 4 p.c 243,000 00 180,784 22 180,784 22
National Railways of Mexico, General Mortgage
(Guaranteed by Mexico) 1977, 4 p.c 32,000 00 26,07180 14,400 00
Ontario West Shore Electric Railway, 1st Mortgage,
19.38, 5 p.c—
(Guaranteed by Ashfield) 18,000 00 18,534 46 16,920 00
(Guaranteed by Goderich) 30,000 00 30,89109 28,200 00
Toronto, Grey and Bruce Railway (Guaranteed bv
Canadian Pacific Railway) perpetual, 4 p.c '. 38,933 33 29,283 89 29,283 89
62
DEPARTMFyr OF lySlKAXCE
Confederation Life — Conlinued.
Schedule C — Concluded.
Bonds and debentures — Conrluded.
If ailways— Corc]udcl . Par value.
Winnipeg Electric Ry. Co., 1st MortRage, Winnipeg
Electric St. Railway Bonds, 1!)27, 5 p.c '.t 50,000 00
Winnipeg Electric Railway Co., 1st Ref. Mortgage,
Sinking Fund, 1935, 5 p.c 220,000 00
$ 693,253 34
M iscellancous —
Banco Internacionale Hipotecario, by drawing, 6 p.c. 5 58,100 00
Bell Telephone Co. of Canada, Ltd., 1st Mortgage,
1925, 5 p.c 149,500 00
Dominion Realty Co., Ltd., 1st Mortgage, 1921-1935,
^ 6 p.c 147,003 24
Dominioa Realty Co., Ltd., 1st Mortgage, 1921-38
^, 6 p.c 109,16125
-Montreal Light, Heat and Power Co., Lachine Sinking
Fund, 1933, 5 p.c 100, 000 00
Quebec Harbour, First Preference Bonds, 1929, 4 p.c . 100,000 00
Toronto Harbour Commissioners, 1st Mortgage
(■Guaranteed by Toronto) 1953, 4i p.c 170,000 00
St. .John Drydock and Shipbuilding Co., Ltd., 1st
Mortgage Serial, 5? p.c. .
1^39 4,000 00
1943 .30, 238 08
1944 12,745 .52
1945 7,000 00
„. 1947 37,0.38 37
"est Kootenay Power and Light Co., Ltd., 1st Mort-
gage Sinkinir Fund, 1940, 6 p.c 48,666 66
S 973,453 12
11 GEORGE V. A. 1921
Department's
Book value. value.
$ 51,530 27 S 47,. 500 00
229,242 14 209,000 00
S 618,831 24 S 578,581 48
60,965 00
152,979 74
147, (X)3 24
109,161 25
101,119 .36
100,000 00
147,722 .33
3,778 40
28,375 29
11,947 65
6,553 40
34,586 35
48,666 66
59,843 00
148,005 00
149,943 30
109,161 25
98,000 (X)
86.000 00
1. 53, 843 79
3,778 40
28,375 29
11.947 65
6,553 40
.34,586 35
48,666 66
$ 952,858 67 S 9.38,704 09
§13,753,234 15 ?13,200,019 29 S12,563, 195 26
Schedule D.
_. , No. of
stocks— Shares.
Bank of Hamilton .380 S
Bank of Nova Scotia 205
Bank of Toronto 210
Canadian Permanent Mortgage Corporation 6,267
C^anadian Bank of Commerce 469
Consumers Gas Co 5, 652
Dominion Bank '.560
Imperial Bank of Canada 200
Mackay Companies (Preferred) 1 , 200
Mackay Companies (Common) 600
R. Simpson Co. Ltd. (Com. Pfd.) 310
Par value.
38,000 00
20,. 500 00
21,000 00
62,670 00
46,900 00
282,600 00
56,000 00
20,000 00
120,000 00
60,000 00
31,000 00
Book value. Deanment's
value.
70,763 60 $ 64,600 00
53,928 51 51,250 00
45,162 25 .38.220 00
76,171 49 102,152 10
83,656 60 85,827 00
.5.30,519 76 .375.8.58 00
124,448 .39 107,.5?0 00
41,144 13 .37,600 00
81,787 50 76,800 00
51,396 87 41,400 00
25,342 50 23,560 00
S 758,670 00 S 1,184,321 60 I 1,004,787 10
Cash in banks— Schedule E.
Canadian Bank of Commerce, Toronto, S 77, 158 92
Canadian Bank of Commerce, Vancouver 13^ 390 63
Canadian Bank of Commerce, New York , . . .W ............. . 13^830 34
Canadian Bank of Commerce, Prince Albert 687 07
Imperial Bank of Canada, Toronto .\ .... . 60, 903 61
Imperial Bank of Canada, Winnipeg ' . 46, 642 45
Imperial Bank of Canada, Regina 37,952 71
Imperial Bank of C 'anada, Calgary ' \ 4* 040 00
Imperial Bank of Canada, Saskatoon ' 500 00
Bank of Nova Scotia, Halifax ; . 2, 789 12
Bank of Nova Scotia, Havana, Cuba 64^ 515 24
Bank of Nova Scotia, Kingston, Jamaica 26,363 02
Bank of Montreal, St. Johns, Newfoundland 8, 199 26
Royal Bank of ( 'anada. Port of Spain, Trinidad 28, 665 97
Standard Bank of Canada, Winnipeg 6, 000 00
Dominion Bank, Toronto 4^000 00
Dominion Bank, Montreal ' 700 00
Lloyds Bank, Limited, London, England 109,833 02
% 506,171 36
LIFE INSURANCE COMPANIES 63
SESSIONAL PAPER No. 8
Confederation Life — Continued.
ASSETS OUT OF CANADA.
Ledger Assets.
Mortgage loans on real estate, first liens .| 119, 15.5 20
Amount secured by the Company's policies in force, the reserve on each polcy being in
excess of all indebtedness:—
Loans to policyholders S 336, 053 50
Advances to policyholders under automatic non-forfeiture provisions 4,426 27
340,479 77
Book value of bonds, debentures and debenture s'ocks owned by the Company {For details
see Schedule H) 1,022,422 11
Cash in banks {For details see Schedule J) 251 , 406 85
Total Ledger Assets out of Canada $ 1,733,463 9^
Deduct excess of total book value of real estate, bonds, debentures and stocks over total
Derartment's value 214, 902 82
Total ledger assets taken at Department's value $ 1,518,561 11
Non-Ledger Assets.
Interest:— Due, Sl,378.80; accrued, .$22,870.25 % 24,249 05
First Year. Renewal.
Gross premiums, less reinsured — Due and collected $ 35,057 01 $ 146,385 95
Deferred 14,395 47 62,922 96
Total $ 49,452 48 $ 209,308 91
Deduct commission and estimated loss in collection 17,308 36 10,465 44
Net premiums due and uncollected, and deferred $ 32,144 12 $ 198,843 47
230,987 59
Consideration for annuities, less reinsured: — Renewal — Due and uncollected 115 46
Total Non-Ledger Assets out of Canada % 255, 352 10
Total Assets out of Canada $ 1,773,913 21
LIABILITIES OUT OF CANADA.
Net liability under assurance, annuity, and supplementary contracts in force for payments
not due, dependent on life, disability or any other contingency or on a term certain % 5, 159,881 00
Net liability for unadjusted pavments due under contracts: — Death losses, $75,100.40;
matured erdowments, 111,178 _ _ 86,278 40
Amounts left with the Company (arising out of assurance contracts) including interest
accumulations:— Dividends, $90.53; all other amounts, $2,065.68 2, 156 21
Received from policyholders in advance: — Premiums 1,069 77
Net dividends to policyholders due and unpaid 3,582 00
Government, municipal and other taxes due and accrued 3,027 00
Medical examiners' fees due and accrued 436 84
Taxes on annuities in United Kingdom unpaid 12, 967 23
Total Liabilities out of Canada $ 5,269,398 45
PREMIUM INCOME AND ANNUITY CONSIDERATION OUT OF CANADA.
First Year. Renewal. Single.
Assurance premiums "$404,537 65 $1,046,190 60 $ 19,307 55
Less reinsurance premiums paid 80, 699 27 61,020 05
Total net premiums $ 323,838 38 $ 985, 170 55 $ 19,307 55
— — $ 1,328,316 48
Consideration for annuities $ 27, 067 79 $ 1 , 998 78 % 56, 670 96
85,737 53
Total net premium income and consideration for annuities out of Canada -. ..$1,414,054 01
64
DEPAUTMEST OF lysTRANCE
11 GEORGE V, A. 1921
Confederation Life — Continued.
DISBURSEMENTS IX RESPP:CT OF ASSURANCE AND ANNUITY rONTRACTS OUT OF
CANADA.
Death
In respect of assurance contracts: — Claims.
Death and endowment claims —
Amount as.sured $ 241,5.33 11 $ 28,282 00
Bonus addition 2.915 00
Matured
Endowments.
662 00
Total S 244,448 11
Less received for reinsured 9, 720 00
$ 28,944 00
Net total S 234, 728 11 $ 28, 944 00
Net surrender values
Net dividends —
In cash $ 11,447 02
Applied as single premiums: —
To purchase bonus addition S 16,003 51
To purchase premium reduction 296 85 16,300 36
Total net dividends
In respect of annuity contracts: — Cash payments to annuitants.
263,672 11
46,024 25
27,747 98
80,885 44
Total net disbursements in respect of assurance and annuity contracts
out of Canada $ 418,329 78
EXHIBIT OF POLICIES (OUT OF CANADA)
Classification.
!
Whole Endowment
Life. Assurances.
Term and
Other.
Bonus
Additions.
Totals.
No.
Amount.
No.
Amount.
No.
Amount.
No.
Amount.
At end of 1919
New issued
2,910
448
5
%
8,465, 195
2,136,309
15,113
4,608
39,534
5,363
1,271
21
21
1
13,546,136
5,525,254
48,227
21,168
64,140
37
15
1
$
146,389
90,299
4,867
$
78,866
28,850
616
8,310
1,734
27
S
22,2.36,586
7,780,712
Old revived
68,823
Old increased.
25,776
15
36
103.674
Totals
3,378
10,660,759
6,676
19,204,925
53
241,555
108,332
10,107
30,215,571
Less ceased by: —
Death.
31
88,345
42
31
32
■■■35
171
"115
16
129,773
35,. 304
94,003
9,820
142,708
526,484
7,186
386,599
66,234
2,858
662
736
73
32
49
220, 976
Maturity. . .
1
5
487
25,927
36,453
Expiry..
12
38,973
6,497
69,302
257,084
21,900
102,762
100,589
159,639
Surrendered paid-
16,317
Surrender. .
25
97
906
60
271
212,916
Lapse
3
8,030
4,068
791,598
33,154
Not taken.
36
30
454
1,937
151
50
489,815
Transferred from . . .
4
17,167
185,927
Total ceased..
231
685,452
442
1,398,111
13
55,679
7,553
686
2,146,795
At end of 1920
3,147
9,975,-307
6,234
17,806,814
40
185,876
100,779
9,421
28,068,776
Reinsured
1,266,580
1,263,764
970
2,531,314
MISCELLANEOUS.
New policies issued and paid for in cash: — Number, 1,617; gross amount, $7,391,605; rein-
sured in other licensed companies, §1,324,736.
Claims reinsured: — Death claims, S12,220.
Total amount in force divided as to dividend plan: — Annual, $8,347,159; quinquennial,
$9,978,615: deferred, $8,252,809; non-participating. $1,490,193. Total $28,068,776 00
LIFE INSURANCE COMPANIES 65
SESSIONAL PAPER No. 8
Confederation Life — Concluded.
Schedule H. — Out of Canada.
_ , , , , Department's
Bonds and debentures— Par value. Book value. value.
Governments —
Tanarfa— Stock $ 73,000 00 $ 46,8.35 63 $ 46,835 63
Provinces of Canada —
Alberta— Registered Stock 7,300 00 .5,395 22 5 395 22
Quebec— Inscribed Stock 225,6.38 13 112,423 19 112^23 19
Other Governments —
British— Consolidated Stock 120, 203 58 103, 772 54 67 314 00
National War Bonds 64,53199 60,577 83 60 ,'577 83
Newfoundland— Bonds... , 24,333.33 15,4.39 49 15^439 49
Cuba— Gold Bonds, Internal 25,000 00 24,. 360 00 23' .500 00
Mexico— External Consolidated Gold Loan of 1899 183,3.30 00 182,284 62 82498 50
Gold Bonds of 1904 50,000 00 47,582 00 19^500 00
Internal Silver Bonds 24, 750 00 21 , 688 45 4, 9.50 00
Cities —
British Columbia — Vancouver 20, 000 00 21 , 141 77 20, 600 00
New Brunsivick—St. John 19, 000 00 18, SOO 00 16' 910 00
On^ono— Toronto 187, 067 95 162, .304 86 1.59,'893 20
QMe6ec— Maisonneuve 4,866 67 3,589 23 3 589 23
Montreal 100,000 00 104,040 78 89,000 00
County, N^ova Scotia-
Richmond .' 5,000 00 5,149 70 4,850 00
Railway —
National Railways of Mexico, General Mortgage (Guaran-
teed by Mexico) 1977, 4 p.c 32,000 00 26,071 80 14,400 00
Miscellaneous —
Banco Internacionale Hipotecario, by drawing, 6 p.c 58, 100 00 60,965 00 59,843 00
$1,224,12165 $1,022,422 11 $ 807,519 29
Schedule J. — Out of Can.\da.
Cash in banks —
Canadian Bank of Commerce, New York | 13 83q 34
Bank of Nova Scotia, Havana : 64 ' 515 24
Bank of Nova Scotia, Jamaica 26*363 02
Bank of Montreal, St. Johns, Newfoundland g' 199 26
Royal Bank of Canada, Trinidad 28' 665 97
Lloyds Bank, Limited, London, England 109^ 833 02
$ 251,406 85
8— 5=^
66 DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
THE CONNECTICUT MUTUAL LIFE INSURANCE COMPANY.
Statement for the Year ending December 31, 1920.
Propidcnt, Henry S. Robinson — Secretary, Jacob H. Greene — Actuarj% Charles Hilde-
BRAND — Principal Office, Hartford, Conn., U.S.A. — Chief Agent in Canada, F. W. Evans —
Head Office in Canada, Montreal.
^Organized December 15, 1846. Incorporated June 15, 1846. Commenced business in Canada
April, 1868).
No Capit.\l Stock.
ASSETS IN CANADA.
Ledger Assets.
Held solely for the protection of Canadian policyholders.
] one's and debentures on deposit with Receiver General: —
Departm.nt"'^^
Par value. value.
City of Montreal S 100,000 00 ? 9.3,000 00
City of Toronto 13,140 00 11,169 00
Total $ 113,140 00 $ 104,169 00
Carried out at Department's value S 104, 169 00
LIABILITIES IN CANADA.
Estimated net liability under assurance, annuity, and .supplementary contracts in force for
payments not due, dependent on life, disability or any other contingency or on a term
certain $ 402,000 00
Net liability for payments due under contracts: — Death losses, adjusted but unpaid 10, 156 00
Total Liabilities in Canada $ 412, 156 00
INCOME IN CANADA.
Assurance premiums: First year, $106.45; renewal, $21,745.52 $ 21 , 851 97
Gross interest on bonds and debentures 4, 525 60
Total Income in Canada $ 26, 377 57
DISBURSEMENTS IN CANADA.
In respect of assurance contracts: —
Death claims — amount assured S 59, 662 00
Net surrender values 3, 532 61
Total net dividends 5, 378 74
Total net disbursements in respect of assurance contracts $ 68,573 35
Taxes, licenses and fees including taxes on investments but excluding taxes on real estate.. . 13 46
Branch office and agency expenses: — Assurance commission — Renewal 9 63
All other expenses: — Express, telegrams and telephones, $2.23; exchange, $14.72 16 95
Total Disbursements in Canada $ 68, 613 39
LIFE INSURANCE COMPANIES
67
SESSIONAL PAPER No. 8
The Connecticut Mutual Life — Concluded.
EXHIBIT OF POLICIES,
Classification.
No.
Totals,
Amount.
At end of 1919
New issued (transferred from United States).
Old increased
Transferred to
477
4
Totals.
Less ceased by: —
Death
Surrender
Lapse
Decrease
Transferred from .
72
553
Total ceased...
At end of 1920.
Reinsured
52
464
928,942
14,000
2,380
241,013
1,186,335
64,195
15,019
4,500
2,372
104,632
190,718
995,617
36,000
68 DEPARTMENT OF IX^WRANCE
11 GEORGE V, A. 1921
THE CONTINENTAL LIFE INSURANCE COMPANY.
Statement for the Year ending December 31, 1920.
President and Managing Director, George B. Woods — First Vice-President, H. Wilberforcb
AiKixs — 2nd Vice-President, Sidney Jones — Secretary' and Actuary-, Charles H. Fuller —
Head Office, Toronto, Ontario.
(For List of Directors, see Appendix.)
(Incorporated by Letters Patent (Ontario) bearing date October 26, 1899. Commenced business
in Ontario, November 1, 1899. Dominion License issued December. 31, 1901.)
CAPITAL STOCK.
Authorized $ 1, 500,000 00
Subscribed 1,000,000 00
Paid in cash 200,000 00
Premium on Capital Stock paid by Shareholders 50,000 00
(For List of Shareholders see Appendix.)
SUMMARY BALA^X•E SHEET.
Assets. Liabilities.
Total Ledger Assets $ 2,807,2.38 20 Total Liabilities S 2,742,496 00
Add excess of total Department's Excess of Assets over Liabilities: —
value of Ledger Assets over Capital stock paid
total book value 89,677 96 cash $200,000 00
♦Surplus 80, 219 91 280, 219 91
Total Ledger Assets taken at De-
partment's value $ 2,896,916 16
Non-Ledger Assets 125, 799 75
Total A.ssets $ 3,022,715 91 Total..... $ 3,022,715 91
SYNOPSIS OF LEDGER ACCOUNTS.
As at December 31, 1919— Decrease in Ledger Assets in 1920—
Net and total Ledger Assets. . .S 2,582,858 04 Diftbursements $ 485,836 65
Increase in Ledger Assets in 1920 — Amount by which Ledger Assets
Income 731 , 973 65 were written down 21 , 756 84
Total decrease S 507, 593 49
As at December 31, 1920—
Net and total Ledger Assets $ 2,807,238 20
Total $ 3,314,831 69 Total $ 3,314,831 69
ASSETS.
Ledger Assets,
Book value of real estate, unencumbered, held by the Company (For details see Schedule A) $ 466,388 05
Mortgage loans on real estate, fir-st liens 510,424 20
Loans secured by bonds, .stocks or other marketable collaterals (For details see Schedule B) 2,268 69
Amount of loans as above on which interest has been overdue for one year or more previous
to statement, §17,257.39.
Amount secured by the Company's policies in force, the reserve on each policy being in
excess of all indeh)tedness: —
Loans to policyholders ■ S 280,013 95
Advances to policyholders under automatic non-forfeiture provisions 65,266 44
345,280 39
Loan on policy of another Company 2, 364 70
Book value of bonds, debentures and debenture stocks owned by the Company (For details
see Schedule C). 1,430,823 33
Cash: At Head Office, $554.43; in banks, $49,134.41 (For details see Schedule E) 49,688 84
Total Ledger Assets $ 2,807,238 20
Add excess of total Derartrnent's value of real estate, bonds, debentures, and stocks over
total book value 89,677 96
Total ledger assets taken at Derartrnent's value $ 2,896,916 16
•Surplus contingently apportioned to deferred dividend policies issued prior to January 1, 1911 — Nil.
LIFE INSVRAXCE COMPANIES
69
SESSIONAL PAPER No. 8
The Continental Life — Continued.
ASSETS— Concluded.
Non-Ledger Assets.
Interest or dividends on— Due. Accrued.
Mortgages $ 5,188 25 $ 8,085 57
Collateral loans 31 00
Bonds and debentures 8,415 69 15,310 18
Premium notes, policy loans and liens 4,544 72
Agreements of sale 35 97
Total interest S 13,603 94 $ 28,007 44
Gross premiums, less reinsured: — First Year. Renewal.
Due and uncollected « 33,628 39 $ 58,840 49
Deferred 2,734 33 11,870 66
-$ 41,611 38
Total f 36,362 72 $ 70,71115
Deduct commissions and estimated loss in collection 23,594 22 3,078 55
Net premiums due and uncollected, and deferred $ 12, 768 50 $ 67, 632 60
Office furniture
80,401 10
3,787 27
Total Non-Ledger Assets $ 125, 799 75
Total Assets $ 3, 022, 715 9)
LIABILITIES.
Net liability under assurance, annuity, and supplementary contracts in force for payments not
due, dependent on life, disability or any other contingency or on a term certain {See
Statement of Actuarial Liabilities) ?
Net liability for unadjusted payments due under contracts:— Death losses
Provision for unreported death losses and disability claims
Amounts left with the Company (arising out of assurance contracts) including interest accu-
mulations:
Dividends, $1,694.61; all other amounts, $91.29
Received from policyholders in advance:^Premiums, $3, .501. 03; interest, $4,364.05
Net dividends to policyholders due and unpaid
Provincial, municipal and other taxes due and accrued
Balance of shareholders' surplus account
Salaries, rents and office expenses, due and accrued
Medical examiners' fees due and accrued, $2,936.15; legal fees due and accrued, $500.00
Commissions to agents due and accrued
Agents' balances
2,666,208 00
23,500 00
5,000 00
1,785 90
7,865 08
1,252 40
6,1.51 91
15,216 19
7,326 16
3,436 15
4,726 80
27 41
Total Liabilities $ 2,742,496 00
SHAREHOLDERS' SURPLUS ACCOUNT.
Balance, Dec. 31, 1919 $ 11,943 52
Interest added during 1920 10,484 02
Shareholders' proportion of profits: —
Participating account 1,477 91
Increase in assets due to revalua-
tion 3,817 96
Total.
27,723 41
Dividends to shareholders $ 12, 000 00
Income Tax 507 22
Balance, Dec. 31, 1920 15,216 19
Total.
27,723 41
INCOME.
First Year. Renewal. Single.
Assurance premiums $140,613 32 $464,6.33 50 $* 1,669
Less reinsurance premiums paid 7,366 95 11,682 76
Total net premiums $133,246 37 $452,950 74 $ 1,669 68
Consideration for annuities, renewal ($200, less reinsured, $148.48).
587,866 79
51 52
Total net premium income and consideration for annuities $ 587, 918 31
*Paid by application of assurance dividends.
70
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
The Continental Life — Continued.
INCOME— Concluded.
Dividends left with the Company at interest (arising out of assurance contracts) $ 276 24
Interest, dividends and rents: —
Gross interest or dividends on —
Mortgages $ 36,414 52
Collateral loans 145 16
Bonds and debentures (less $3,146.64 paid for accrued interest on bonds
acquired during year) 66,902 26
Premium notes, policy loans and liens 20, 298 94
Other assets 645 18
.Total $ 124,406 06
Gross rents for Company's property (including $5,865 for Company's occu-
pancy of its own buildings) less $37,055.65 for taxes, expenses and repairs
in connection with such properties 14,838 64
Total interest, dividends and rents 139, 244 70
Gross profit on sale or maturity of ledger assets: — Bonds 4,534 40
Total Income $ 731,973 65
DISBURSEMENTS
In re.speet of assurance contracts: —
Death and endowment claims: — Death claims, $67,415.58; matured endowments,
$56,080
Net surrender values
Net dividends —
In cash
Left with the company at interest
Applied as single premiums: —
To purchase bonus addition $ 1, 193 97
To purchase premium reduction 475 71
123,495 58
94,952 21
13,944 58
276 24
1,669 68
Total net dividends.. .
In respect of life annuity contracts:-
-Cash payments to annuitants.
15,890 50
1,800 00
Total net disbursements in respect of assurance and annuity contracts. .$
Net payments on supplementary contracts' — Not involving life contingencies
Net reduction in premiums resulting from application of dividends
Amounts left with the company and interest accumulations withdrawn: —
Dividends, -S36.05; all other amounts, $21.13
Interest or dividends to shareholders
*Taxes, licenses and fees (including taxes on investments but excluding taxes on real estate)
*Head office expenses:— Salaries, $42,049.37; directors' fees, $2,718.90; aduitors' fees, $700;
travelling expenses, $580.03; rents, $5,865
*Branch office and agencv expenses: — Assurance commissions — first year, $83,393.24; renewal,
$19,482.15; advanced to agents, $5,393.44; salaries, $23,572.37; travelling expenses,
$5,600.95; rents, $6,369.; fuel and light, $85.99
•All other expenses: — Advertising, $4,428.83; books and periodicals, $188.92; express, tele-
grams and telephones, $1,579.40; legal fees, $679.34; medical fees, $13,637.60; office
furniture, $728.54; postage, $2,907.11; printing and stationery, $4,451.01; appraisement
expenses, $100; miscellaneous, $1,195.18
Gross loss on sale or maturity of ledger assets: — Bonds
236, 138 29
531 96
745 90
57 18
12,000 00
10, 156 95
51,913 30
143,897 14
29,895 93
500 00
Total Disbursements $ 485;836 65
EXHIBIT OF ANNUITIES.
Life Annuities
Proper.
Arising out of Life Assurance Contracts
Classification.
Not involving Life
Contingencies.
Disability
Annuities.
Totals.
No.
Annual
Payment.
No.
Annual
Payment.
No.
Annual
Payment.
No.
Annual
Payment.
At end of 1919
2
$
2,673 60
4
$
300 00
1
$
231 96
7
$
3,205 56
At end of 1920
2
2,673 60
4
300 00
1
231 96
7
3,205 56
•Investment expenses included in these items: — Salaries: Head Office, $5,886.91; taxes on
investments, $131.73; appraisement expenses, $100; directors' fees, $1,223.50; auditors'
fees, $280; printing and stationery, $133.53; postage, $290.71; legal expenses, $23.86;
miscellaneous, $161.71. Total investment expenses $ 8,231 95
LIFE INSURANCE COMPANIES
71
BESSIONAL PAPER No.. 8
The Continental LiFE^Continued.
EXHIBIT OF POLICIES.
(For policies herein included involving disability benefits see Abstract.)
Classification.
Whole Life.
Endowment
Assurances.
Term and Other.
Bonus
Addi-
tions.
Totals.
No.
Amount.
No.
Amount.
No.
Amount.
No.
Amount.
At end of 1919
7,228
1,726
64
$
10,942,824
3,669,346
117,500
2,765
22,500
2,945
671
14
6
$
3,740,324
989,815
17.500
3,000
9,500
110
30
1
$
333,250
97,500
4,000
$
6,303
503
10,283
2,427
79
$
15,022,701
4,757,164
Old revived
139,000
5,765
10
16
32,000
Totals
9,028
14,754,935
3,636
4,760,139
141
434,750
6,806
12,805
19,956,630
Less ceased by: —
Death
30
52,558
19
47
24,000
55, 135
49
47
11
250
836
76,558
55, 135
11
43,000
43,000
208
624
317,295
1,188,022
42,500
154,759
11,000
42
193
"64
7
53,000
265,000
18,000
103,705
9,500
370,295
Lapse ^
19
2
3
46,500
1,000
7,000
11,000
1,499,522
61,500
Not taken
67
6
133
16
265,404
Transferred from
31.500
Total ceased
935
1,766,134
372
528,340
35
108,500
1,342
2,402,974
At end of 1920
8,093
12,988,801
3,264
4,231,799
106
326,250
6,806
11.463
17,553,656
Reinsured
427,650
127,500
52,500
607,650
MISCELLANEOUS.
New policies issued and paid for in cash: — Number, 1,990; gross amount, $3,620,077; reinsured
in other licensed companies, $234,500.
Total amount in force divided as to dividend plan: — Quinquennial, $8,672,819;
deferred. $5,805,222; non-participating, $3,075,615
Total $17,553,656 00
STATEMENT OF ACTUARIAL LIABILITIES.
Assurance Section.
Class of Contract.
Gross in Force.
Reinsured in Companies
licensed in Canada.
No.
Amount.
Reserve.
Amount.
Reserve.
Ordinary with Profits: —
Life.. . .
7,147
2,816
1
$
10,954,321
3.515.914
1.000
6,806
$
1,415,288
943,013
29
3,183
1,094
2,725
$
306,650
83,000
$
18,062
Endowment Assurance
9,619
Bonus Addition.
Premium Reduction
Totals
9,964
14,478,041
2,365.332
389,650
27,681
Ordinary without Profits: —
Life . ...
946
448
105
2,034,480
715,885
325,250
242,173
164,719
3,361
178
275
121,000
44,500
52,500
11,744
Endowment Assurance
6,437
Term, etc
510
Additional reserve for premiums less
than 102-5% of Om (*) 3^ rate
(16,000)
Totals
1,499
3,075,615
410, 706
218,000
18,691
Grand Totals
11.463
17.553,656
2.776,038
607.650
46.372
72
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
The Continental Life — Conlinutd.
STATEMENT OF ACTUARIAL LIABILITIES— Condu<ied.
Annuity Section
Class of Annuity.
Gross in Force.
Reinsured in Companies
licensed in T'anada.
No.
Annual
Payment.
Reserve.
Annual
Payment.
Reserve.
With Profits.—
Supplementary contracts: —
Not involving life contingencies..
3
1
$
250 00
231 96
S
3,190 00
3,113 00
$
$
4
481 96
6,303 00
Without Profits—
Life Annuities Proper
Supplementary contracts: —
Not involving life contingencies..
1
1
1
1,800 00
50 00
873 60
7,500 00
556 00
• 600 00
64 00
3
2,723 60
8,6.56 00
64 00
7
3,205 56
14,959 00
64 00
SUMMARY OF RESERVE.
With Without Total
Profits. Profits.
Total reserve, policy and annuity contracts S 2,371,6.35 $ 419,-362 $ 2,790,997
Total reserve on rein.sured contracts 27, 681 18, 755 46,436
Total net reserve on the Company's (statuory) basis of valuation? 2,-343,954 $ 400,607 $ 2,744,561
Deduction made therefrom (being the full deduction under
Section 43 (3), Insurance Act, 1917) 63,361 14,992 78,353
Net reserve carried in the liabilities $ 2,280,593 $ -385,615 $ 2,666,208
MISCELLANEOUS STATEMENT.
I. The calculation of the "Reserve'^ in the "Statement of Actuarial Liahilities" —
(1) Policies issued in the same year of the same class and plan were grouped as to age nearest birthday
or next birthday at entry, following the method u.sed in fixing the age for determining the premium in the
policy; and valued from tables of "mid-year" reserves, Om (5) 3J/2 per cent basis, calculated according to
the net premium method.
Spscial classes: —
(a) There are no tropical or subtropical risks.
(h) Policies issued at a rated-up age were valued at that rated-up age.
(c) The full usual reserve was held on liened policies.
(d) No extra reserve was held where an extra premium, either annual or single was charged.
(e) Other than as above, no policies were issued to substandard lives.
(/) For the disability benefit — waiver of premium, and disability annuity without reduction in the
sum assured — a reserve was held of one-half of the premiums paid for such benefits. For other forms
of disability no reserve was held. For disability claims, that have emerged, a reserve is held for the
disability annuity; and for the policy itself, the re.serve as for a fully paid-up policy.
(ff) No annuities on under-average lives have been issued.
(2) Items of special reserve: —
(a) No additional amount was held for loadings, in the case of single or limited premium policies or
annuities.
(b) Where the guaranteed value exceeded the Om (5) 3H per cent tabular value, an addition to the
reserve was made so that the amount held at the end of the fifteenth year would be equal to that guar-
antee.
(c) For lapsed policies, not automatically continued, no reserve was held to cover the possibility of
reinstatement; but only the balance of the cash value, if any, to which the assured might be entitled.
(d) No reserve was held to cover the option of renewal under term policies.
(e) Nor for the option of conversion (where one exists) to a higher premium policy.
(/) No special reserves other than the above were held.
II. No modifications are made in the guaranteed surrender value of any of the special plans dealt with in
1, (2), above.
III. The average rate of interest earned during the year, on the mean net ledger assets, was 5-56 per cent.
LIFE INSURANCE COMPANIES
73
SESSIONAL PAPER No. 8
The Continental Life — Continued.
MISCELLANEOUS STATEMENT— Conc/uded.
IV. The distribution of surplus: —
(a) The surplus arising from participating policies is allotted on the basis of 90 per cent to the policy-
holders, and 10 per cent to the shareholders.
(6) Typical policies were selected and the fund belonging to each calculated by employing interest,
mortality and expense factors. The interest rate was taken as 5 per cent; the mortality as 50 per cent of
the Om (5) experience, for all ages at issue up to and including 35, for the first year; 60 per cent for the second
year; 65, 70 and 75 in the three following years. During the second quinquennium the rate was taken
as 80 per cent; for the third, 85 per cent; for the fourth 90 per cent. All these rates were increased by one-
half per cent for each year over 35; up to 90 per cent, but not beyond. The rates of first-year and renewal
expense varied according to the plan of insurance in the case of premium-paying policies. The reserve
held by the Company was then deducted and 90 per cent of the remainder set aside as the policyholders'
dividends. The dividend scales were then completed by interpolation and these scales were reduced
by a fixed level amount. Instead of withdrawing the cash dividend, the policyholder has the option of
taking paid-up insurance or an annuity, both being calculated on the Hm 3J2 per cent basis. The paid-up
option is subject to satisfactory evidence of insurability if the dividend period is greater than five years.
(c) No participating annuities have been issued.
DEFERRED DIVIDEND POLICIES.
Issued prior to January 1,1911. No profits have yet been contingently apportioned thereto
Year
of
Issue.
1897. .
1898..
1899..
1900..
1901..
1902..
1903..
1904..
Total Net
Amount
in Force.
3,500 00
2,000 00
2,000 00
2,000 GO
231,266 00
285,481 00
227, 100 00
323,931 00
Year
of
Issue.
1905..
1906..
1907..
1908..
1909..
1910..
Total Net
Amount
in Force.
296,040 00
217,012 00
210,085 00
307,343 00
267,785 00
358,050 00
Total .$ 2,733,593 00
Issued on and after January 1, 1911. No profits have yet been credited thereto.
Year
of
Issue.
1911..
1912..
1913..
1914..
1915..
1916..
Total Net
Amount
in Force.
265,500 00
222,7.30 00
185,300 00
281,400 00
230,200 00
179, 137 00
Year
of
Issue.
1917. .
1918..
1919..
1920..
Total Net
Amount
in Force.
142, 185 00
297,812 00
462,650 00
804,715 00
Total $ 3,071,629 00
Schedule A.
Department's
Real estate: — Actual cost. Book value. value.
Alberta rural properties, two parcels each under $2,000
Department's value $ 4,613 92 $ 2,978 68 $ 2,978 68
Toronto, Ont., land and office building, S.E. cor. Bay and
Richmond Sts 358,488 05 454,953 96 563,000 00
Saskatchewan rural properties, five parcels, each under
$3,000 Department's value 8,793 55 8,455 41 12,248 52
$ 371,895 52 S 466,388 05 $ 578,227 20
Schedule B.
Loans secured by bonds, stocks or other marketable collaterals: —
Par value.
Home Bank of Canada (stock) 10 shares $
Dominion of Canada, third War Loan (bonds) 1937, 5
P-c
Province of Saskatchewan (bonds) 19.32, 5 p.c
Dominion of Canada (bonds) 1922, 51 p.c
Dominion of Canada (bonds) 1934, 5| p.c
$
1,000 00 $
500 00
500 00
200 00
1,000 00
Department's
value.
1,000 00 $
Amount
Loaned.
422 67
800 00
1,046 02
3,200 00 $ 3,135 00 $ 2,268 69
74
DEPARTMEyT OF INSURANCE
11 GEORGE V, A. 1921
The Continental Life — Continued.
Schedule C.
•Bonds and debentures: —
Governments — Par value.
Canada— Victory Loan $ 982, 1.50 00
British Columbia— Bonds 80,000 00
Saskatchewan — Debentures 13, 626 48
Newfoundland— Bonds 50,000 00
S 1,125,776,48
Book value.
5 612,. 514 46
75,. 392 00
8.7.56 49
.50,580 41
Department's
value.
$ 616,135 65
75,392 00
8,7.56 49
50,580 41
$ 747,243 36 S 750,864 55
Cities —
Alberta —
Medicine Hat $ 10,000 00 $ 9,802 00 $ 8,600 00
Wetaskiwin 9,61166 8,963 67 8,362 14
Briti8\ Columbia —
Nanaimo 20,000 00 17,682.50 14,850 00
New Westminster 6,700 00 6,908 37 .5,829 00
North Vancouver 10,000 00 10,219 00 8,400 00
Revelstoke 28,000 00 27,149 68 23,660 00
Manitoba —
Brandon 50,000 00 44,. 589 26 44,. 589 26
Winnipeg 17,000 00 17,000 00 14,960 00
Ontario —
Guelph 12,000 00 11,086 80 11,086 80
Port Arthur 8,759 99 6,. 5.39 22 6.. 539 22
Sault Ste. Marie 19,000 00 17,717 21 17,13171
Stratford 10,000 00 10,153 70 9,100 00
Toronto 25,000 00 23,080 00 23,250 00
$ 226,071 65 $ 210,891 41 S 196,358 13
Towns —
Alberta —
High River $
Red Deer
Manitoba — '
Dauphin
The Pas
N'ova Scotia —
Glace Bay
Inverness
Truro
Ontario —
Ailsa Craig
Alliston
Collingwood
Fort Frances
Gravenhurst
Haileybury
Meaford
Midland
Smith's Falls
Steelton
Saskatchewa n —
Canora
Duck Lake
Estevan
Humboldt
Kindersley
North Battleford
Swift Current
Watrous
Wilkie
$ 8,220 .37 %
7,803 12 $
8,138 17
8,340 14
8,249 16
7,339 32
2,000 00
2,043 91
1,840 00
15,000 00
14,449 77
14,449 77
10,000 00
8,787 00
8,900 00
1,.500 00
1,407 26
1,260 00
10,000 00
10,085 45
8,700 Go
1,.335 47
1,327 63
1,228 63
8,042 07
7,904 98
7,745 73
10,871 36
10,871 36
10,001 64
10,000 00
10,219 .50
9,400 00
10,000 00
10,000 00
9,060 00
6,964 71
6,964 71
6,686 12
12.727 46
12,091 09
12,361 52
4,468 17
4,468 17
4,378 80
12,578 64
11,613 .59
12,075 49
19,948 21
17,019 33
17,675 45
11,929 90
11,929 90
11,007 25
14,225 00
12,577 98
13,403 75
9,617 12
8,470 43
8,659 18
29,943 41
27,443 98
28.994 .54
8,820 50
9,655 17
8,203 06
12,000 00
10,920 90
10,440 00
10,000 00
9,839 00
8,500 00
11,255 41
10, 175 48
9,792 21
8,562 73
7,833 17
7,449 57
$ 268,350 67 %
254,152 04 $
247,690 20
*0f which are on deposit with Receiver General:— City of North Vancouver, $10,000; City of Strat-
ford, $10,000; City of Winnipeg, $17,000; Town of Truro, $10,000; Municipality of Penticton, $8,000; District
of South Vancouver, $8,000.
LIFE INSURANCE COMPANIES
75
SESSIONAL PAPER No. 8
The Continental Life — Concluded.
Schedule C — Concluded.
Bonds and debentures — Continued.
Villages —
Ontario — Par value.
New Hamburg $ 10,000 00
Paisley 410 10
Saskatchewan —
Seven villages, par value for each less than $1 ,400 5,333.33
Townships, Districts or Municipalities —
British Columbia —
Penticton
South Vancouver
Manitoba — Greater Winnipeg Water District
Quebec — Egan
County, Ontario —
Peterboro
Schools —
Alberta — Calgary, Prot
Ontario — Haileybury
Saskatchewan —
Battleford
Regina
Book value.
9,267 14
410 10
5,158 66
Department's
value.
$ 9,400 00
393 69
5,069 93
$ 15,743 43 $ 14,835 90 $ 14,863 62
12,500 00
8,000 00
15,000 00
2,083 33
12,500 00
7,828 80
13,650 00
2,139 52
883 53 $
821 73 $
29,750 00 $
8,647 89
7 000 00
6,000 00
21,415 62
8,647 89
7,111 61
5,786 76
Railways —
Canadiab Northern Railway (Guaranteed by Mani-
toba 1930, 4 p.c S 24,333 33
Canadian Northern Pacific Railway, 1st Mortgage
Debenture Stock (Guaranteed by British Colum-
bia) 1950 4 p.c 29,686 66
Canadian Northern Pacific Railway, 1st Mortgage
Terminal Debenture Stock (Guaranteed by Bri-
tish Columbia) 1950, 4^ p.c 4,866 66
Canadian Northern Western Railway, 1st Mortgage
Debenture Stock (Guaranteed by Alberta)
1942, 4i p.c 40,333 00
Grand Trunk Pacific Railway 1st Mortgage (Guaran-
teed by Alberta)-1939, 4 p.c 24,300 00
Grand Trunk Pacific Railway, 1st Mortgage (Guaran-
teed by Saskatchewan) 1939, 4 p.c 24,300 00
Hamilton, Grimsbv and Beamsville Electric Railway,
lat Mortgage, 19.33, 5 p.c 5,000 00
34,003 67
18,796 05
18,796 05
5,237 01
10,. 500 00
6,800 00
13,6.50 00
1,9.58 33
$ 37,583 33 $ 36,118 32 $ 32,908 33
839 35
21,415 62
8,042 53
6,595 00
5,340 00
$ 51,397 89 $ 42,961 88 S 41,393 15
20,610 05 $ 20,610 05
22,348 47 22,348 47
4,007 39 4,007 39
34,436 80
18,796 05
18,796 05
4,750 00
$ 152,819 65 $ 123,798 69 $ 123,744 81
S 1,878,626 63 $ 1,430,823 33 $ 1,408,662 14
ScHEDtLE E
Cash in banks —
Imperial Bank, Toronto
Molsons Bank, Toronto
Sterling Bank, Toronto
Union Bank, Toronto
Imperial Bank, Edmonton
Sterling Bank, Montreal
Sterling Bank, Regina
Union Bank, St. John
Imperial Bank, Sault Ste. Marie
Union Bank, Vancouver
Union Bank, Victoria
Union Bank, Winnipeg
Dominion Bank, Calgary
Bank of Montreal, Toronto
S 4,741 51
1,324 48
3,402 91
1,590 78
1,438 79
810 42
683 51
954 89
297 94
1,293 00
642 39
1,519 73
1,342 48
29,091 58
$ 49,134 41
76 DEPARTMEXT OF INSURANCE
11 GEORGE V, A. 192l
THE CROWX LIFE INSURANCE COMPANY.
Statement for the Year ending December 31, 1920.
President, G. T. Somer.s — Yice-Prosidents, John G. Kent and H. M. Mowat — Secretary,
A. H. Selwyn Marks — General Manager and Actuary, H. R. Stephenson — Head OflBce,
59 Yonge St., Toronto.
(For List of Directors see Appendix.)
Incorporated June 14, 1900, Act 63-64 Victoria, Cap. 97. Commenced business September 10, 1901.
CAPITAL STOCK.
Authorized S 1 , 000, 000 00
Subscribed .5.55, 875 00
Paid in cash 102,070 75
Premium on Capital Stock paid by Shareholders 41 , .325 66
(For List of Shareholders see Appendix.)
SUMMARY BALANCE SHEET.
Assets. Liabilities.
Total Ledger Assets S3, 149,667 28 Total Liabilities S 3,236,043 84
Add excess of total Derartment's Excess of Assets over Liabilities: —
value of Ledger Assets over Capital Stock paid
total book value 31,818 93 in cash $ 102,070 75
*Surplus 51,846 35
Total Ledger Assets taken at 153.917 10
Department's value .,.8 3,181,486 21
Non-Ledger Assets 208,474 73
Total Assets S 3,389,960 94 Total S 3,389,960 94
SYXOP.'^IS OF LEDGER ACCOUNTS.
As at December 31, 1919 — Decrease in Ledger Assets in 1920 —
Net Ledger Assets S 2,637,858 79 Disbursements S 519,478 .56
Borrowed money 33,041 29 Decrease in borrowed money 33,041 29
Agents' balances 220 57 Decrease in agents' balances 220 57
Total Ledger Assets $ 2,671, 120 65 Total decrease S 552,740 42
Increase in Ledger Assets in 1920: — As at December 31, 1920: —
Income S 1,031,287 05 Net and total Ledger Assets. .. .S 3,149,667 28
Total i 3,702,407 70 Total S 3,702,407 70
ASSETS.
Ledger Assets.
Book value of real estate, unencumbered, held by the Company (For details see Schedule A)S 446,212 88
Mortgage loans on real estate, first liens 341, 731 57
Loans secured bv bonds, stocks or other marketable collaterals (Sterling Bank stock, par
value, .58,000; market value, .?10,000) 6,000 00
Amount of loans as above on which interest has been overdue for one vear or more previous
to statement, .?32. 391. 30.
Amount secured by the Company's policies in force, the reserve on each policy being in excess
of all indebtedness: —
Loans to policyholders S 429, 761 46
Advances to policyholders under automatic non-forfeiture provisions 22,072 50
451,833 96
Book value of bonds, debentures and debenture stocks owned by the Company (For detaiU
see Schedule C) 1,829,302 58
Cash:— At Head Office, §8,105.61 ; in banks, $57,508.62 (For details see Schedule E) 65, 614 23
All other ledger assets 8, 972 06
Total Ledger Assets S3, 149, 667 28
Add excess of total Dciartment's value of real estate, bonds, debentures and stocks over
total book value 31, 818 93
Total ledger assets taken at De; artment's value S3, 181,486 21
* Surplus contingently apportioned to deferred dividend policies issued prior to January 1, 1911,
166,449.81.
LIFE INSURANCE COMPANIES 77
SESSIONAL PAPER No. 8
The Crown Life — Continued.
ASSETS— Concluded.
Non-Ledger Assets.
Interest, dividends and rents, due and accrued:—
Interest or dividends on — Due. Accrued.
Mortgages $ 8,519 22 $ 8,886 80
Bonds and debentures 7, 583 09 35, 310 11
Premium notes, policy loans and liens 938 19
Total interest • I 16,102 31 $ 45,135 10
Rents 115 00
Total interest, dividends and rents, due and
accrued $ 16,217 31 $ 45,135 10
61.352 41
Due from other licensed companies on reinsured contracts for losses or claims paid 3,000 00
Gross premiums, less reinsured: — First Year. Renewal.
Due and uncollected $ 38,300 28 $ 101,490 40
Deferred 5,237 05 27,016 86
Total .1 43,. 537 .33 $ 128,507 26
Deduct commissions and estimated loss in collection 22,806 58 5,115 69
Net premiums due and uncollected, and deferred $ 20,730 75 $ 123, .391 57
144,122 32
Total Non-Ledger Assets $ 208, 474 73
Total Assets $ 3,389,960 94
LIABILITIES.
Net liability under assurance, annuity, and supplementary contracts in force for payments
not due, dependent on life, disability or any other contingency or on a term certain
(See Statement of Actuarial Liatjilities) $3, 1.59, 136 00
Net surrender values claimable under cancelled contracts 10,401 00
Net liability for payments due under contracts:— Death losses: Adjusted, but unpaid,
$10,000; unadjusted, |5,105..33; resisted in suit, -15,054
Provision for unreported death losses and disability claims
Dividends left with the Company (arising out of assurance contracts) including interest
accumulations
Received from policyholders in advance: — Premiums, $2,135.93; interest, $1,454.96
Net dividends to policyholders due and unpaid
Net profits allotted to deferred dividend policies issued on and after January 1, 1911
Provincial, municipal and other taxes due and accrued
Salaries, rents and office expenses, due and accrued
Medical examiners' fees due and accrued
Commissions to agents due and accrued
International Assets
20,159 33
5,852 00
1,748 35
3,. 590 89
2,268 50
14,888 57
11,814 36
265 02
646 00
4, 147 84
1,125 98
Total Liabilities $ 3,236,043 84
SHAREHOLDERS' SURPLUS ACCOUNT.
Balance, Dec. 31, 1919 $ Nil. Shareholders' proportion of losses: —
Interest added during 1920 5, 381 91 Decrease in assets due to revalua-
Shareholders' proportion of profits:— tion $ 31 50
Participating Account 1,654 13 Transferred to Non-participating
Premium on Capital Stock 87 50 Account 7,092 04
Balance, Dec. 31, 1920 Nil.
Total $ 7,123 54 Total $ 7,123 54
INCOME.
First Year. Renewal. Single.
Assurance premiums $ 214,585 27 $ 678,272 73 $* 3,444 55
Less reinsurance premiums paid 10, 304 45 37, 421 82
Total net premiums $204,280 82 $640,8.50 91 $ 3,444 55
$ 848,576 28
Consideration for annuities $ 213 75 $ 129 90 $ 673 00
1,016 65
Total net premium income and consideration for annuities $ 849, 592 93
Dividends left with the Company at interest (arising out of assurance contracts) 240 25
*Paid by application of assurance dividends.
78 DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
The Crown Life — Continued.
INCOME— ConcZudcd.
Interest, dividends and rents: —
Gross interest or dividends on —
MortKages * 32, 641 56
Collateral loans 1 , 177 13
Bonds and debentures (less $16,182.76 paid for accrued interest on
bonds acquired during year) 84, 668 92
Premium notes, policy loans and liens 28,021 92
Other assets 251 64
Total $ 146 , 761 17
Gross rents for Company's property (including $5,000 for Company's
occupancy of its own buildings) less $20,420.22 for taxes, expenses and
repairs in connection with such properties 15,594 90
Total interest, dividends and rent* $ 162,356 07
Income from all other sources: —
Capital stock 350 00
Premium on capital stock 87 50
Gross profit on sale or maturity of ledger assets: —
Real estate, $1,712.72; bonds, $16,947.58 18,660 30
Total Income S 1,031,287 05
DISBURSEMENTS.
In respect of assurance contracts:— Death Matured Disability
Claims. Endowments. Claims.
Death, endowment and disability claims —
Amount assured $137,455 04 S 34,500 00 % 673 00
Less received for reinsured 11,000 00 10,000 00
Net total $126,455 04 S 24,500 00 $ 673 00
151,628 04
Xet surrender values 47, 150 27
Net dividends —
In cash $ 11, 192 61
Left with the company at int«rest 240 25
Applied as single premiums: —
To purchase bonus addition. $ 2, 010 05
To purchase premium reduction 1,434 50
3,444 55
Total net dividends 14,877 41
In respect of life annuity contracts: — Cash payments to annuitants 250 20
Total net disbursements in respect of assurance and annuity contracts. .$ 213,905 92
Net payments on supplementary contracts: — Not involving life contingencies 2,065 55
Net reduction in premiums resulting from application of dividends 508 50
Surplus Interest Dividend _9 75
*Taxes, licenses and fees (including taxes on investments but excluding taxes on real estate) 12,678 63
*Head office expenses:— Salaries, $43,180.57; directors' fees, $2,499.32; auditors' fees, $1,000;
travelling expenses, $324.35; rents, S5,000 52,004 24
*Branch ofhce and agency expenses: — Assurance commissions — first j^ear, $125,205.74;
renewal, $25,622.74; advanced to agents, $3,301.06; salaries, $19,605.78; travelling expenses;
$9,888.13; rents, $5,601.38; cashiers' salaries, §8.092.06 197,316 89
*A11 other expenses :^Advertising, $3,267.27; books and periodicals, §22.50; express, tele-
grams and telephones, $1,539.86; legal fees, §58; medical fees, $14,151.40; office furniture,
$744.95; postage, $2,942.41; printing and stationery, $7,458.11; commissions on loans,
$570; appraisement expenses, §350; exchange, $1,967.82; miscellaneous, $1,742.79 34,815 11
Gross loss on sale or maturity of ledger assets: — Bonds • 6, 173 97
Total Disbursements $ 519,478 56
*Investment expenses included in these items: — Salaries: Head Office, $3,499.92; taxes on
investments, $52.41; commissions on loans, $570; appraisement expenses, $350.
Total investment expenses $ 4,472 33
LIFE INSURANCE COMPANIES
79
SESSIONAL PAPER No. 8
The Ckown Life — Continued.
EXHIBIT OF ANNUITIES.
Arising out of Life Assurance
Contracts.
Totals.
Classification.
Proper.
Not involving
Life Contingen-
cies.
Disability
Annuities.
No.
Annual
Payment.
No.
Annual
Payment.
No.
Annual
Payment.
No.
Annual
Payment.
At end of 1919
3
3
$
980 40
600 00
6
$
2.055 55
$
9
4
$
3,035 95
1
120 00
720 00
Totals
6
1.580 40
6
2,055 55
1
120 00
13
3,755 95
Less ceased by: —
Death
1
1
500 40
120 00
1
1
500 40
120 00
2
620 40
2
620 40
At end of 1920
4
960 00
6
2.055 55
1
120 00
11
3, 135 55
EXHIBIT OF POLICIES.
(For policies herein included involving disability benefits see Abstract.)
Classification.
Whole Life.
Endowment
Assurances.
Term and Other.
Bonus
Addit-
ions.
Totals.
No.
Amount.
No.-
Amount.
No.
Amount.
No.
Amount.
At end of 1919
9,770
2,525
333
72
167
S
16,981,604
5.338,683
612,328
192.227
389,489
2,597
682
65
32
50
$
3,614,621
1,246,667
100.039
54.074
125,335
151
43
4
3
16
$
737,550
246.975
14,423
12,150
55,208
S
4,564
12.518
3.250
402
107
233
$
21,338,339
6,832,325
Old revived
4,451
577
60
731,241
Old increased
259,028
570,092
Totals
12,867
23,514.331
3,426
5.140,736
217
1,066,306
9,652
16.510
29,731,025
Less ceased by: —
Death
63
117,000
12
12
21,500
34,500
300
87
75
12
7
57
1,324
108
262
232
138.887
34,500
7
1
24
4
4
14
39,675
39.675
43
1,026
73
191
168
71,550
1.696,363
179.329
462,678
392,939
13
274
31
67
50
14,740
413,791
74,280
116,000
125,585
375
106,075
12,450
47,672
57,968
86, 665
2,216,229
Decrease
282
266,341
626,350
Transferred from . . .
60
576, 552
Total ceased
1,564
2,919.859
459
800,396
54
264,515
429
2,077
3,985,199
At end of 1920
11.303
20.594,472
2,967
4,340,340
163
801,791
9,223
14,433
25,745,826
Reinsured
1,160,724
96,790
1.52,000
1,409,514
MISCELLANEOUS.
New policies issued and paid for in cash: — Number, 2,753; gross amount, S5, 674, 113; rein-
sured in other licensed companies, $275,812.
Claims reinsured: — Death claims, $11,000.
Total amount in force divided as to dividend plan: — Annual, $117,102; quinquennial,
$9,756,384; deferred. $9,511,642; insurances belonging to participating section but not
profit bearing, $149,578; non-participating. $6,211,120. Total $25, 745, 826 00
80
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
The Crown Life — Continued.
STATEMENT OF ACTUARIAL LIABILITIES.
Assurance Section.
Class of Contract.
Gross in Force.
Reinsured in Companies
licensed in Canada
Number.
Amount.
Reserve.
Amount.
Reserve.
Ordinary with Profits: —
Life
Endowment Assurance
9,640
2,499
6
$
15,858,400
3,571,150
95,933
9,223
(508 50)
$
1,819,043
884,761
6,643
4,508
1,502
3,101
106
$
368,769
65,290
%
39,461
9,615
Term, etc
Bonus Addition
Premium Reduction
Disability Reserves before disability
61
Waiver of Premiums after disability
Totals
12,145
19,534,706
2,719,664
434,059
49 137
Ordinary u-ithout Profits: —
Life
1,663
468
157
4,736,072
769, 190
705,858
534, 197
138,565
16,351
567
(8,014)
(38,896)
791,955
31,500
152,000
101 405
Endowment Assurance
5,814
Term, etc
1 186
Disability Reserves before disability
89
*Low Premium Policies. .
(109)
(491,875)
Totals..
2,288
6,211,120
689,680
975.455
108 494
Grand Totals
14,433
25,745,826
3,409,344
1,409,514
157.631
Anndity Section.
Class of Annuity.
Gross in Force.
Number.
Annual
Payment.
Reserve.
With Profits:—
Supplementary contracts: —
Not involving life contingencies
4
1
$
805 55
120 00
$
9,489
567
Totals
5
925 55
10,056
Without Profits:—
Life Annuities Proper
4
2
960 00
1,250 00
503
Supplementary contracts —
Not involving life contingencies. .
15,381
Totals
6
2,210 00
15,884
Grand Totals
11
3,135 55
25,940
SUMMARY OF RESERVE.
Total reserve, policy and annuity contracts.
Total reserve on reinsured contracts
With Profits. Without Profits. Total.
$ 2,729,720 $ 705,564 $ 3.435,284
49.137 108.494 157.631
Total net reserve on the Company's (statutory) basis of
valuation $ 2,680,583 $ 597,070 $ 3.277,653
Deduction made therefrom being the full deduction per-
mitted under Section 43 (3). Insurance Act. 1917 94.885 23,632 118,517
Net reserve carried in the liabilities $ 2, 585, 698 $
573,438 $ 3,159,136
*Amount of insurance issued since January 1, 1911, with premiums less than 102-5 per cent of
OM (5) 3^ per cent net premiums, and additional reserves thereon required by Sec. 103 (3) of Insurance
Act, 1917.
SESSIONAL PAPER No. 8
LIFE INSURANCE COMPANIES 81
The Crown Life — Continued.
MISCELLANEOUS STATEMENT.
I. The calculation of the "Reserve'' in the "Statement of Actuarial Liabilities" —
(1) Assurances were valued by the net premium method employing tables of mid-year reserves based
on the Om (5) mortality table with 3\% interest. The assurances were grouped according to calendar
year of issue, age at entry, plan of insurance, and dividend provisions. The age at entry for valuation was
the same as the age used in fixing the premium being the age next birthday for policies issued before Jan.
1st, 1916, and the age nearest birthday for policies issued subsequently. Annuities were valued by the
British Offices Annuity Tables at 3§ % interest and the valuation age was the age last birthday at issue.
In fixing the duration of all contracts it was assumed that they were issued on the average in the middle of
the calendar year of issue.
Special classes —
(a) The few policies issued on lives resident in tropical or sub-tropical countries at rates of premium
greater than the regular Canadian rates were valued the same as policies at Canadian rates.
(b) Policies issued at premiums corresponding to ages higher than the true ages were valued the
same as other policies issued at the higher ages.
(c) All policies providing for payment at death during certain periods of an amount less than the
full amount of insurance were valued as if the full amount were payable throughout.
(d) Policies issued at a fixed extra annual premium were valued the same as policies without
any extra premium. No policies have been issued with an extra premium payable in one sum.
(e) The only policies issued on lives recognized. as sub-standard were those issued at premiums
corresponding to ages higher than the true ages, or subject to a lien, or subject to an extra annual
premium as above mentioned.
(/) In the valuation of policies providing for disability benefits:
(L) Before the occurrence of disability an extra reserve was held equal to the disability gros3
premium for one year.
(2). After occurrence of disability the reserve held for a waiver of premium benefit was the present
value of the future premiums on the basis of Hunter's Table of Annuities on Disabled Lives (T.A.
S.A. Vol. 12, page 44): no claims are current under the Instalment Disability Clause.
(g) No annuities have been issued to lives classed as under average.
(2) Items of special reserve —
(o) No additional reserve is held under limited and single premium policies on account of pre-
paid or limited loadings, nor is any additional reserv^e held under immediate annuities to cover
future expenses.
(6) A special pure endowment reserve is held in excess of the ordinary net premium reserve to
provide for cash guarantees in excess of the net premium reserve.
(c) No reserve in excess of the cash surrender value is held to cover the option of reinstatement
under lapsed policies.
id) Option of renewal is allowed only during the first five years under Ten-year Term policies.
The regular Ten-year Term reserve is held for these policies.
(e) Policies issued on the majority of plans grant the option of conversion within the first five
years into any other plan of insurance requiring a higher premium, the premium on the new policy
being fixed as at the original age at entry and payment of arrears being required. During the first
five years under Ten-year Term Policies conversion is allowed, the new policy dating from the date
of change and the premium charged being the full published rate for the insured's then age. No
extra reserve is maintained on account of these conversion options.
(/) A few special policies have been issued at rates of premium less than 102^% of the Om (5) 85%
net premium, and the Company is holding an extra reserve equal to the value of an annuity of such
deficiencies of premiums.
II. The guaranteed surrender values for policies mentioned in 1 (1) (a) to (/) above are the same as
the guaranteed surrender values for standard policies at the same age on which the reserve is calculated.
III. The average rate of interest earned during the year on the mean net ledger assets was 6 per cent.
IV. The distribution of surplus — (a) Surplus is distributed between shareholders and policyholders in
accordance with the provisions of the Company's charter which provides that the policyholders shall
receive not less than 90 per cent of the total surplus derived from participating policies.
(b) Computation of dividends on participating policies was effected as follows: Typical policies were
selected and the fund belonging to each was calculated by employing interest, mortality and expense
factors. The interest rate was taken as 5 per cent and the mortality rate as 80 per cent of the British
Offices' Select Experience. The rates of first-year and renewal expenses varied according to the plan of
insurance in the case of premium paying policies. On paid-up policies the expense charge was 5 per cent
of the fund annually. The reserve held by the Company was then deducted and 90 per cent of the remainder
was set aside as the policyholders' dividencls. The dividend scales were then completed by interpola-
tion, Inst^d of withdrawing the cash dividend, the policyholder has the option of taking paid-up insur-
ance or an annuity. These options are calculated on the Hm 3^ per cent basis. The paid-up option is
subject to satisfactory evidence of insurability if the dividend period is greater than five years.
(c) No participating annuities have been issued.
8—6^
82
DEPARTMEyT OF lySURAXCE
11 GEORGE V, A. 1921
The Crown Life — Continued.
DEFERRED DIVIDEND POLICIES.
Issued prior to Januarj- 1, 1911, and Amount of Profits contingently apportioned thereto.
Year
of
Issue.
1901..
1902..
1903..
1904..
1905..
1906..
Total Profits
Net Amount contingently
in Force. Apportioned.
51,480
294,. 500
301,980
331,460
345,450
286,420
6,532 53
30,464 28
27,078 35
26,039 91
21,892 37
17,309 75
Year
of
Issue.
1907.
1908.
1909.
1910.
Total
Profits
Net Amount
contingently
in Force.
Apportioned .
$ 255,750
$ 11.682 02
293,750
10,928 81
321,000
7,760 72
387,000
6,761 07
Totals $ 2,868,790 $ 166,449 81
Issued subsequent to January 1, 1911, and Amount of Profits credited thereto.
Year
of
Issue.
1911..
1912..
1913..
1914..
1915..
1916..
Total
Net Amount
in Force.
S4.37,500
566,875
583,500
410,500
618.354
670,7.50
Profits
Credited.
5 5,266 04
4,523 32
3.609 41
869 .30
620 50
Nil.
Year
of
Issue.
1917..
1918..
1919..
1920..
Total
Profits
Net Amount
Credited
in Force.
$ 486, 140
Nil.
544,274
Nil.
986,940
Nil.
1,338,019
Nil.
Total $ 6,642,852 $ 14,888 57
Schedule A.
Real estate — Actual Cost
Alberta — and Book value.
Calgary, one parcel 8 7, 276 50
Pincher Creek, one parcel 3, 2.54 41
Rural property, twenty-one parcels, each under $2, .500
Department's value 28, 495 50
British Columbia —
Vancouver, four parcels, each under$9,500Department'svalue 28,061 93
Ontario —
Toronto, 59 Yonge St. and 9 and 11 Colborne St 297,888 52
Toronto, 530 and 536 Yonge St 74,944 87
Toronto, one other parcel 2, 381 41
Saskatchewan —
Rural property, two parcels, each under $2,100 Department's
value 3,909 74
Department's
value.
S 7,276 50
3,254 41
28,495 50
28,061 93
297,888 52
121,666 00
2,381 41
3,909 74
$ 446,212 88 $ 492,934 01
Schedule C
Bonds and debentures —
On deposit with Receiver General.
Cities —
Alberta — Wetaskiwin
British Columbia — Vancouver
Ontario — Port Arthur
St. Catharines
Saskatchewan — Saskatoon
Towns —
Nova Scotia — Westville
Ontario — Palmerston
Saskatchewan — Humboldt
School —
Saskatchewan — Swift Current
Department's
Par value.
Book value.
value.
$ 9,396 06
S 9.640 92
S 8,268 53
8,000 00
8,000 00
6,240 00
10,000 00
10,625 65
9,300 00
5,000 00
4,872 59
4,3.50 00
5,000 00
5,530 45
•4,800 00
7,000 00
6,951 36
6,370 00
7,861 72
8,191 93
7.547 25
11,051 34
10,531 64
10,609 28
9,000 00
9,000 00
8,910 00
i 72.309 12 $ 73,344 54 $ 66,395 06
Held by the Company.
Governments —
Canada —
Victory Loan $ .520, 100 00 S 140, 100 00 $ 140, 100 00
Provinces of Canada —
Alberta— Debentures 1,000 00 944 23 944 23
British Columbia— Bonds 19,000 00 17,492 25 17,492 25
Manitoba— Debentures 69,906 61 48,414 33 48,414 33
Registered Stock 82, 733 31 .53, 168 79 53, 168 79
Ontario— Debentures 40,000 00 35,625 00 35,625 00
Quebec— In.scribed Stock 27, 253 33 20, 681 46 20. 681 46
Saskatchewan— Bonds 14. 600 00 13, 648 27 13, 648 27
Debentures 55.480 00 35, 166 24 35, 166 24
Registered Stock 39, .590 33 30, 1.34 28 .30, 134 28
LIFE INSURANCE COMPANIES 83
SESSIONAL PAPER No. 8
The Crown TuIfe— Continued.
Schedule C. — Continued. ^
Bonds and debertures — Continued.
Governments — Concluded.
Other Governments — Department's
United Kingdom of Great Britain and Par value. Book value. value.
Ireland— Bonds $ 50,000 00 $ 50,093 75 $ 50,093 75
Newfoundland— Bonds 26, 000 00 16, 758 85 16, 758 85
Inscribed Stock 9,000 00 6,81120 6,81120
$ 954,663 58 $ 469,038 65 $ 469,038 65
Cities —
Alberta —
Edmonton $ 18,979 99 $ 17,137 76 $ 17,137 76
Lethbridge 27,000 00 23,872 33 23,872.33
Two other cities, par value for each under
$5,000 5,866 66 4,836 77 4,8.36 77
British Columbia — Two cities par value for
neither exceeding 13,000 4,460 00 3,819 38 3,819.38
Manitoba —
Brandon 4,000 00 3,400 41 3,400 41
Winnipeg 79,639 09 59, .377 61 59,377 61
Neiv Brunswick— Moncton 2, 000 00 1 , 469 33 1 , 469 33
Ontario —
Toronto .32,000 00 30,257 41 30,257 41
Two other cities, par value for each
under .19,000 13,895 91 12,250 46 12,250 46
Saskatchewan —
Humboldt 14,428 86 13,440 78 14,140 28
Moose Jaw 6,813 31 5,456 59 5,456 59
Regina 69,106 64 52,676 49 52,676 49
Weyburn 15,000 00 12,014 90 12,014 90
$293,190 46 $240,010 22 $240,709 72
Towns —
Alberta — Three towns, par value for none
exceeding $10,000 $ 22, 558 24 $ 19, 427 22 $ 20, 924 27
Manitoba — Two towns, par value for each
under $5,000 6,395 44 6,106 45 6,188 11
Ontario —
Cochrane 13,496 49 11,827 06 11,827 06
New Toronto 16,875 99 16,875 84 16,875 84
Five other towns, par value for each
under $9,200 26,135 81 25,050 94 25,0.50 94
Nova Scotia — Two towns, par value for neither
exceeding $5,500 6.500 00 5,819 56 5,895 57
Quebec— Unisonneuve 6,433 33 5,398 71 5,398 71
Saskatcheivan—'Esieva.n 19, 349 77 15, 515 69 16, 831 76
$ 117,745 07 $ 106,021 47 $ 108,992 26
Village — ■
Onteno— West Lome $ 4,872 28 $ 4,664 83 $ 4,664 83
Townships, Districts or Municipalities —
Manitoba —
Assiniboia $ 8,702 68 $ 7,62117 $ 7,62117
Bifrost 4,000 00 3,656 60 3,656 60
Greater Winnipeg Water District 48, 206 30 34, 438 90 34, 438 90
Oniano— North Grimsby 8,755 34 9,144 78 9,144 78
$ 69,664 32 $ 54,861 45 $ 54,861 45
County —
Ontario— Welland $ 10,000 00 $ 8,376 03 $ 8,376 03
Schools —
Alberta —
Galahad $ 27,000 00 $ 27,000 00 $ 27,000 00
Hardisty 20,000 05 20,745 61 22,800 00
Twenty-nine other schools, par value for
each not exceeding $2,700 29,475 32 29,525 31 29,758 76
8— 6i*
84 DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
The Crowx Life — Continued.
Schedule C — Continued.
B onds and debentures — Continued —
Schools — Concluded. Department's
Manitoba — Par value. Book value. value.
Brandon S 2.5.000 00 $ 20,592 50 $ 20,. 592 .50
Britannia 10,000 00 8,390 00 8,390 00
Wicklow 5,000 00 4,836 60 4,8.36 60
Twenty other schools, par value for
each not exceeding $2,000 12,329 00 12,367 98 12,654 15
Saskatcheivan —
Prince Albert 9,24167 9,24167 4,620 83
Swift Current 14,000 00 13,570 64 13.860 00
Sixty-five other schools, par value for
each not exceeding $4,500 75,860 54 75,017 75 76,900 21
$ 227,906 58 $ 221,288 06 $ 221,413 05
Rural Telephones, Saskalcheivan —
Cactus Lake $ 5,051 .54 $ 5, 1.34 44 $ 5. 1.34 44
Cotswold 9,500 00 9,576 40 9,. 576 40
DewarLake 12,965 81 13,275 46 13,275 46
Dunsmore 16,. 500 00 17,015 95 17,015 95
Garnock 6,000 00 6,097 61 6,097 61
Golden Acre 11,100 00 11,844 06 11,844 08
Grayson Northern 6,000 00 6, 198 28 6, 198 28
Grayson Southern 9,200 00 9,504 10 9,-504 10
Greenfield 14,425 00 15,39198 15.. 391 98
Guernsey 7,000 00 7,0.55 84 7,0.55 84
Hope Lodge 19, 600 00 20. 390 75 20. 390 75
Logberg 5,100 00 5,1.39 17 5,1.39 17
Odessa 6,500 00 6,700.39 6,700 39
Sunnvside 6,000 00 6,000 00 6.000 00
Veregin 30,250 00 32,248 01 .32,248 01
Whitewood 10,000 00 10,079 78 10,079 78
Four other rural telephones, par values for
each not exceeding $4, .500 11,447 90 11,61150 11,61150
$ 186,640 25 $ 193,263 72 $ 193,263 72
Railways —
Canadian Northern Railway, 1st Mortgage
(Guaranteed by Manitoba) 1930, 4 p.c....$ 47,206 65 $ 38,839 88 $ 38,839 88
Canadian Northern Railway (Guaranteed
by Dominion of Canada) 19.34, 4 p.c 215,106 07 166,002 24 166,003 24
Canadian Northern Ontario Railway, 1st
Mortgage (Guaranteed by Dominion of
Canada) 1961, 3 J p.c 153,806 11 86,350 95 86,350 95
Canadian Northern Western Railway, 1st
Mortgage (Guaranteed by Alberta) 1942,
4Jp.c...^ 12,000 00 9,444 63 9,443 63
Grand Trunk Pacific Railway, 1st Mortgage
(Guaranteed by Alberta) 1939, 4 p.c 4,376 66 3,315 39 3,315 39
Grand Trunk Pacific Railway, 1st Mortgage
(Guaranteed by Alberta) 1942, 4 p.c 2,4.33 33 1,786 79 1,786 79
Grand Trunk Pacific Railway, 1st Mortgage
(Guaranteed by Dominion of Canada)
1962, 3 p.c 73,893 31 42,159 10 42,159 10
Grand Trunk Pacific Railway (Guaranteed
by Dominion of Canada) 1962, 4 p.c 49,572 00 .33,970 55 33,970 .55
Grand Trunk Pacific Railway, 1st Mortgage
(Guaranteed by Saskatchewan) 1939,
4 p.c 41,. 320 00 ,32,722 32 32,722 32
London and Lake Erie Railway and Trans-
portation Co., 1st Mortgage, 1944, 5 p.c. . 31,000 00 12,367 00 620 00
$ 630,714 13 $ 426,958 85 $ 415,210 85
LIFE INSURANCE COMPANIES 85
SESSIONAL PAPER No. 8
The Crown Life — Concluded.
Schedule C — Concluded.
Bonds and debentures — Concluded. Department's
Miscellaneous — Par value. Book value. value.
Hydro-Electric Power Comm. of Ontario
(Guaranteed by Ontario) 1957, 4 p.c % 2.5,000 00 % 17,601 78 $ 17,601 78
Imperial Steel and Wire Co. (Guaranteed by
Collingwood) 1934, 5 p.c 4, 500 00 4, 500 00 4, .500 00
Toronto Harbour Commissioners, 1st Mort-
gage, (Guaranteed by Toronto) A\ p.c. . . . 11,000 00 9, .372 98 9,372 98
% 40,500 00 I 31,474 76 $ 31,474 76
$2,608,205 79 $1,829,302 58 $1,814,400 38
Cash in banks —
Bank of Nova Scotia, Moncton
Bank of Nova Scotia, Toronto
Bank of Nova Scotia, Charlottetown.
Bank of Nova Scotia, Barrie
Bank of Nova Scotia, Calgary
Bank of Nova Scotia, Edmonton
Bank of Nova Scotia, Saskatoon
Bank of Nova Scotia, Vancouver
Sterling Bank, Toronto
Sterling Bank, Montreal
Sterling Bank, Winnipeg
Sterling Bank, Regina
Merchants Bank, Woodstock
Schedule E.
1
779 98
29,528 90
0 10
448 21
1,624 86
1,077 82
1,988 49
1,138 60
16,491 10
485 61
2, 140 25
405 58
1,399 12
$
57,508 62
86 DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
THE DOMIXIOX LIFE ASSURANCE COMPANY.
Statement for the Year ending December 31, 1920.
Presidpnt, Thos. Milliard — Vice-Presidents, S. B. Bricker, E. F. Seagram, Geo. D. Forbes —
Secretary, Fred. Halstead — Manager, F. S. Kumpf — Actuary, A. N. McTavish, B.A.,
A.I. A.— Head Office— Waterloo, Ont.
{For List of Directors see Appendix.)
(Incorporated March 30, 1889 by 52 Vic, cap. 95. Organized July 4, 1889. Commenced business
July 12, 1889.)
CAPITAL STOCK
-Authorized ■ $ 1 , 000, 000
Subscribed 400,000
Paid in cash 160,000
Premium on Capital Stock paid by Shareholders 17, 800
(For List of Shareholders see Appendix.)
SUMMARY BALANCE SHEET.
Assets. Liabilities.
Total Ledger Assets S 5, 756, 214 69 Total Liabilities $ 5, 580, 323 96
Deduct excess of total book value Excess of Assets over Liabilities: —
of Ledger Assets over total Capital Stock paid in
Department's value 13,061 67 cash $ 160,000 00
^Surplus 427,611 86
Total Ledger Assets taken at
Department's value $5,743,153 02 587,61186
Non-Ledger Assets 424, 782 80
Total Assets $ 6.167,935 82 Total $ 6,167.935 82
SYNOPSIS OF LEDGER ACCOUNTS.
As at December 31, 1919: — Decrease in Ledger Assets in 1920: —
Net Ledger Assets $ 5,010,673 07 Disbursements $ 1,206,481 82
Borrowed money 45, 024 15 Decrease in bank overdraft 435 90
Bank overdraft 435 90 Decrease in suspense account 19 14
Suspense account 5,450 82
Total Ledger Assets $ 5,061,583 94 Total decrease $ 1, 206,936 86
Increase in Ledger Assets in 1920: — As at December 31, 1920: —
Income $ 1,897,742 68 Net Ledger Assets $ 5,701,933 93
Increase in borrowed money 3,824 93 Borrowed money 48,849 08
Suspense account 5,431 68
Total increase $ 1,901,567 61 Total Ledger Assets $ 5.756,214 69
Total :$ 6,963,151 55 Total $ 6,963,151 55
ASSETS
Ledger Assets.
Book value of real estate, unencumbered, held by the Company {For delails.see Schedule A).$ 603,352 13
Mortgage loans on real estate, first liens 2, 740, 647 63
Loans secured by bonds, stocks or other collaterals {For details see Schedule B) 5, 500 00
Amount of loans as above on which interest has been overdue for one year or
more previous to statement $ 306, 920 15
'Including $339,449.31 surplus contingently apportioned to deferred dividend policies issued prior to
January 1, 1911.
LIFE INSURANCE COMPANIES 87
SESSIONAL PAPER No. 8
The Dominion Life — Continuted.
ASSETS— ConcZudei.
Ledger Assets — Concluded.
Loans to policyholders secured by the Company's policies in force, the reserve on each
policy being in excess of all indebtedness $ 347,211 79
Book value of bonds, debentures and debenture stocks owned by the Company {For details
see Schedule C) • 1,951,862 01
Cash: At Head Office, $11,689.42; In Banks, $95,951.71 {For details see Schedule E) 107,641 13
Total Ledger Assets $ 5,756,214 69
Deduct excess of total book value of real estate, bonds, debentures and stocks over total
Department's value 13,061 67
Total ledger assets taken at Department's value $ 5,743, 153 02
Non-Ledger Assets.
Due. Accrued.
Interest or dividends on —
Mortgages $ 94,550 21 $ 59,800 76
Bonds and debentures 1, 660 64 23, 734 89
Premium notes, policy loans and liens 6, 004 88
Total interest $ 96.210 85 $ 89,540 53
$ 185,751 38
First Year. Renewal. Single.
Gross premiums, less reinsured: —
Due and uncollected $ 64,068 96 $176,305 74 $ 1,000 00
Deferred : 11,414 55 19,21175
Total $ 75,483 51 $195.517 49 $ 1,000 00
Deduct commissions and estimated loss in collec-
tion 21,565 89 11,388 69 15 00
Net premiums due and uncollected, and deferred..? 53,917 62 $184,128 80 $ 985 00
239,031 42
Total Non-Ledger Assets $ 424,782 80
Total Assets $6, 167,935 82
LIABILITIES.
Net liability under assurance, annuity, and Supplementary contracts in force for payments
not due, dependent on life, disability or any other contingency or on a term certain {See
Statement of Actuarial Liabilities) $ 5, 240, 657 00
Net liability for unadjusted payments due under contracts: — Death losses, $30,440; matured
endowments, $9,705 40, 145 00
Received from policyholders in advance:^Premiums ' 7.525 56
Net dividends to policyholders due and unpaid 4,942 75
Net profits allotted to deferred accumulative policies 25, 084 83
Provincial, municipal and other taxes due and accrued 15,216 31
Balance of shareholders' surplus account 85.558 50
Medical examiners' fees due and accrued 6,913 25
Borrowed money 48,849 08
Contingency fund 100,000 00
Suspense account 5,431 68
Total Liabilities $ 5,580,323 96
SHAREHOLDERS' SURPLUS ACCOUNT.
Balance, Dec. 31, 1919 $ 72.225 00 Dividends to shareholders $ 25.600 00
Interest added during 1920 12. 741 10
Shareholders' proportion of profits: —
Participating account 26, 192 40
Balance. Dec. 31, 1920 85,558 50
Total $ 111,158 50 Total $ 111,158 50
88 BEPARTME^iT OF INSURANCE
11 GEORGE V, A. 1921
The Dominion Life — Continued.
INCOME.
First Year. Renewal. Single.
,As.surance premiums $ 443,014 06 SI, 086,338 92 8 t64,473 42
Less reinsurance premiums paid 27, 710 23 85, 932 27
Total net premiums $ 415,303 83 $1,000,406 65 $ 64,473 42
§1,480,183 90
Consideration for annuities, first year 226 75
Total net premium in ome and consideration for annuities $ 1,480,410 65
Interest, dividends and rents: —
Gross interest or dividends on —
Mortgages S 2-54,277 59
Bonds and debentures 93,249 96
Premium notes, policy loans and liens 36,825 14
Total S 384,352 69
Gross rents for Company's property (including $1,800 for Company's
occupancy of its own buildings) less S19,230.2o for taxes, expenses and
repairs in connection with such properties 14, 741 72
Total interest, dividends and rents 399,094 41
Income from all other sources 375 57
Gross profit on sale or maturitv of ledger assets: —
Real estate, S8,309.20; bonds, 89,552.85 17,862 05
Total Income S 1,897,742 68
DISBURSEMENTS.
In respect of assurance contracts: — Death Matured
Death and endowment claims — Claims. Endowments.
Amount assured S 212, 009 80 S 225, 520 00
Bonus addition 3,155 00 13,285 00
Total S 215,164 80 S 238,805 00
Less received for reinsured 125, 600 00
Total net payments S 215,164 SO S 113,205 00
328,369 80
Net surrender values 77, 782 25
Net dividends —
In cash S 72,244 37
Applied as single premiums: —
To purchase bonus addition .? 31,-5.38 00
To purchase premium reduction 15,719 00
To shorten the endowment or premium period 3, 103 00
50,360 00
Total net dividends 122, 604 37
In respect of life annuity contracts: — Cash payments to annuitants 441 80
Total net disbursements in respect of assurance and annuity contracts. .$ 529, 198 22
Net payments on supplementary contracts: — Not involving life contingencies 3, 781 20
Net reduction in premiums resulting from application of dividends 15,461 2?
Interest or dividends to shareholders 25, 600 00
*Taxes, licenses and fees (including taxes on investments but excluding taxes on real estate). 17,834 94
*Head office expenses: — Salaries, -565,777.61; directors' fees, $8,280; auditors' fees, $700;
travelling expenses, §5,139.71; rents, $1,800 81.697 32
*Branch office and agency expenses: — Assurance commi.ssions — first year, $264,242.60;
renewal, $43,556.05; annuity commissions — first year, $61.50; advanced to agents,
$12,706.74; salaries, $79,705.66; travelling expenses, $393.50; rents, $11,744.39; guarantee
bonds, $.329.79; convention expenses, $100; Hilliard Club, $3,657.48 416,497 71
*A11 other expenses:— Advertising, $7,2-55.21; legal fees, $753.74; medical fees, $29,861.25;
office furniture, $6,123.81; postage, $4,179.71; printing and stationery, $10,624.74; com-
missions on loans, $6,828.54; bank charges, $374.36; general expenses, $10,545.30 76,546 66
Gross loss on sale or maturity of ledger assets: —
Real estate, $30,239.52; bonds, $9,625 39,864 52
Total Disbursements $ 1, 206, 481 82
tlnduding $50,360 single premiums paid \)y application of assurance dividends.
'Investment expenses included in these items: — Salaries, Head Office, $10,650; Branch Offices, $3,000;
travelling expenses. Head Office, $500; taxes on investments, $737.57; commissions on Icar.s,
$6,828.54; directors' fees, $1,500; miscellaneous, $500.
Total investment expenses $ 23,716 11
LIFE INSURANCE COMPANIES
89
SESSIONAL PAPER No. 8
The Dominion Life — Continued.
EXHIBIT OF ANNUITIES.
Life Annuities
Proper.
Arising out of Life Assurance
Contracts.
Classification.
Not involving
Life
Contingencies.
Disability
Annuities.
No.
Annual
Payment.
No.
Annual
Payment.
No.
Annual
Payment.
No.
Annual
Payment.
At end of 1919
3
1
$ cts.
441 80
[500]
12
$ cts.
2,980 70
$ cts.
15
2
$ cts.
3 4''2 50
1
120 00
190 00
Totals
4
441 80
12
2,980 70
1
120 00
17
3,542 50
Less ceased by: —
(Surrender
1
50 00
1
50 00
At end of 1920
4
441 80
11
2,930 70
1
120 00
16
3,492 50
EXHIBIT OF POLICIES.
(For policies herein included involving disability benefits see Abstract.)
Classification.
Whole Life.
Endowment
A.ssurances.
Term and
Other.
Bonus
Additions
Totals.
No.
Amount.
No.
Amount.
No.
Amount.
No.
Amount.
At end of 1919
New issued
Old revived
13,514
5,582
371
17
$
27,. 342, 948
13,248,736
751 , 700
51,110
5,114
1,176
91
8
$
7,479,703
2,112,090
119,500
23,000
119
71
2
$
479,392
360,500
11,500
$
170,270
56,832
18,747
6,829
464
25
$
35,472,313
15,778,158
882 700
Old increased
74 110
Totals
19,484
41,394,494
6,389
9,734,293
192
851,392
227, 102
26,065
52,207,281
Less ceased by: —
Death
74
166,610
31
82
38,000
226,417
4,045
13,990
105
82
9
187
2,133
53
037
208,655
240 407
JVIaturity
Expiry
9
26,714
26 714
Surrender
124
1,752
21
490
206,050
3,701,668
208,963
1,128,280
63
351
23
137
93,100
531,500
63,200
233,500
785
765
4,075
299,935
4,345,683
324,238
1,412,780
Lapse
Decrease
Not taken
30
9
10
111,750
48,000
51,000
Total ceased
2,461
5,411,571
687
1,185,717
58
237,464
23,660
3,206
6,858,412
At end of 1920
17,023
35,982,923
5,702
8,548,576
134
613,928
203,442
22,859
45,348,869
Reinsured
1,764,047
368,022
279,500
5,638
2,417,207
MISCELLANEOUS.
New policies issued and paid for in cash; — Number, 4,886; gross amount, $10,923,602; reinsured in other
licen-sed companies, $651,894.
Claims reinsured: — Death claims, $3,000; matured endowments, $120,000.
Total amount in force divided as to dividend plan: — Annual, $156,735; quinquennial, $21,480,808; deferred
$21,863,264; non-participating, $1,848,062.
Total $ 45, 348,869
90
DEPARTMEyT OF INSURANCE
11 GEORGE V, A. 1921
The Dominion Life — Continued.
STATEMENT OF ACTUARIAL LIABILITIES.
Assurance Section.
Class of Contract.
Gross in Force.
Reinsured in Com-
panies licensed in
Canada.
Number.
Amount.
Reserve.
Amount.
Reserve.
Ordinary with Profits: —
Life
16,668
5,574
$
34,893,696
8,403.669
203,442
(19,536.84)
$
3,033,364
1,988,359
121,418
40,248
5,879
S
1,733,313
349.952
5.638
(1,452.03)
$
137,924
Endowment Assurance
64,930
Bonus addition
3,137
3,344
Disability reserves
Totals
22,242
43,500.807
5,189.268
2,088,903
209, 335
Ordinary uithout Profits: —
Life
Endowment Assurance
355
128
. 134
1,089,227
144,907
613,928
176,616
55,927
4,388
30,734
18,070
279.500
12,142
2,286
Term, etc
1,687
Totals
617
1,848,062
236.931
328,304
16,115
Grand totals
22,859
45,348,869
5,426.199
2,417,207
225,450
Annuity Section.
Class of Annuity.
Gross in Force.
Number.
Annual
Payment.
Reserve.
With Profits:—
Supplementary contracts: —
Not involving life contingencies
7
1
$
1,620 70
120 00
$
22,072
Disabilitv annuities
1,676
Totals
8
1.740 70
23.748
Without Profits:—
Life Annuities Proper
Supplementary contracts: —
Not involving life contingencies
4
4
441 80
1,310 00
1,709
14,451
Totals
8
1,751 80
16,160
Grand totals
16
3,492 50
.•^9.908
SUMMARY OF RESERVE.
With
Profits.
Total reserve, policy and annuity contracts $ 5,213,016
Total reserve on reinsured contracts 209. 335
Without
Profits.
$ 253,091
16,115
Total.
$ 5.466,107
225,450
$ 5,240,657
($ 250,485)
Net reserve carried in the liabilities $ 5,003,681 t 236.976 $ 5,240,657
Total net reserve on the Company's basis of valuation $ 5, 003, 681
Deduction therefrom permitted under Section 43 (3), Insurance
Act, 1917 (none made)
236.976
Net reserve estimated on the statutory basis (without deduction)^ 4. 922. 091
Reserve maintained by the Company in excess of the statutory
reserv-e 81 , 590
$ 234. 170
2.806
$ 5.156.261
84.396
LIFE INSURANCE COMPANIES 91
SESSIONAL PAPER No. 8
The Dominion Life — Continued.
MISCELLANEOUS STATEMENT.
/. The calculation of the "Reserve" in the "Statement of Actuarial Liabilities": —
(1) Assurance and annuities were valued from tables of net premium reserves. The valuation age for
assurances was age next birthday at date of issue, on business up to December 31st, 1914, and age nearest
birthday subsequent to that date. Mean duration was used. The valuation was by individual policies
in the case of policies issued u$ to the end of 1912. For the year of issue 1913 and onwards, assurances were
grouped as follows: Life plans at individual ages; Endowment plans in quinquennial age groups up to and
including age 44, and at individual ages above age 44. Annuities were valued at ages attained at last birth-
day, mean values being used. The valuation bases were: For assurance contracts issued prior to January
1, 1910, Hm 85%; for all other assurance contracts, Om (5) 3%; for annuities, Hm 85 %.
Special Classes —
(a) No policies have been issued on lives resident in tropical or sub-tropical countries.
(6) Policies issued with premiums corresponding to ages higher than true ages were valued at rated
up ages.
(c) There was no modification made in the valuation of policies providing for the payment at death
during certain periods, of an amount less than the full amount of insurance.
(d) There is no extra reserve maintained for policies issued at an extra premium.
(e) No additional reserve is made for other sub-standard classes.
(/) (1) For the ordinary disability benefit calling for the waiver of premiums only, or the payment
of a claim in ten annual instalments, no extra reserve is employed. For the special disability benefit
calling for waiver of premiums and for the payment of a monthly income of 110.00 per thousand of assurance
during total disability, an extra reserve is taken equal to one-half the sum of all disability premiums that
have been received.
(/) (2) After disability, if premiums are waived, the policy is valued as a paid-up policy on Hunter's
Table of disabled lives, and in addition, if a monthly income during disability is guaranteed, a reserve
equal to the present value of this income according to the same table, is set aside.
(g) No annuities have been issued to lives classed as under-average.
(2) Items of Special Reserve —
(a) There was no reserve held under limited and single premium policies on account of prepaid or
limited loadings, and none required by the Company's method of surplus distribution.
(6) Where guaranteed values are in excess of the net premium reserve according to the Company's
basis of valuation, provision is made for the payment of these values by valuing the amount of the excess
as a pure endowment.
(c) It has not been felt necessary to allow for any reserve on account of lapsed policies.
(d) Term policies do not include the option of renewal.
(e) No reserve is luaintained to cover the options of conversion into a higher premium policy.
(/) The Company has established a special reserve fund of $100,000.00 to meet any contingencies.
II. The only modification made in respect to guarantees in connection with Special Class policies, referred
to in I (1) (a) to (/) is in case of a policy issued at a premium corresponding to an age higher than the true
age, the guarantees being as at the rated up age.
III. The rate of interest earned during the year on the mean net ledger assets was 6-64 per cent.
IV. The distribution of surplus —
(a) The general principles and methods used in the distribution of surplus as between shareholders
and policyholders.
An individual account is kept in respect of each policy, and the account in each policy year is credited
with all payments made by the policyholder and with the credit balance at the end of the preceding year,
and interest is allowed at the net rate earned by the Company during the year. The account is charged
each year with its share of expenses, death losses, and with the reserve at the end of the year. All policy-
holders were, during the policy year ending 1920, credited with interest at 6%, and in respect to mortality
charges, policies in the participating class were charged 60% of the HM tabular rate, these percentages
being found from actual experience.
The expense factors were as follows: — In the first year, each policy was charged with 100% of the
Whole Life premium plus $4.00 per $1,000.00 of insurance; in succeeding years 8% of the gross premium
was charged for commission and taxes, and 8% of the Whole Life premium plus SI. 75 per $1,000 assurance
was charged on account of general expenses. The policyholders' account is carried forward from year to
year until the termination of the policy. . Ten per cent of the surplus standing to the credit of deferred
dividend policies on completion of their deferred dividend periods, is transferred to the shareholders'
account; and in the case of quinquennial dividend policies where the dividends are paid iii cash, 10% of
the surplus to be distributed at the end of the quinquennial period is transferred to the shareholders. In
the case of bonus addition and reduction of premium policies, 10% of the cash value of the bonus addition
and reduction of premium is transferred to Shareholders' Account.
A shareholders' account is kept showing dividends paid to shareholders, and amounts transferred to
their credit being their share of the participating and non-participating profits. The total amount to
their credit is increased in any year by interest at the net rate earned by the Company, and by the profits
transferred to them, and is diminished by the dividends paid to them.
(b) Distribution of Profits to Policyholders.
Quinquennial Dividends. — An individual account is kept in respect of each policy in the manner des-
cribed above. The quinquennial profits under any policy are distributed in one of three ways, according
to the choice of the assured, viz.: in cash, in reduction of premiums, or as a paid-up addition to the sum
assured. In arriving at the amount of these distributions, the shareholders' 10% is deducted and a small
allowance in the nature of a safety-margin, is retained. 'The balance in the case of "Cash" policies was
distributed to the assured. In the case of reduction of Premium policies the cash surplus was used as a
single premium to purchase a temporary annuity for five years on the Hm 3j% basis for business issued
prior to 1910. For business issued since December 31st, 1909, the Om (5) d\% basis was used at the end
to the first quinquennium to purchase the reduction, and the Om (5) 3% basis was used at the end of the
second quinquennium. In the case of "Bonus Addition" policies the bonus was purchased on the basis
92
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
The Dominion Life — Continued.
MISCELLANEOUS STATEMENT— Concluded.
o .Irn 31% net premium loaded 10% on business issued prior to 1910 and for business since December 31st,
1909, the Cm (5) 31% net premium has been used to purchase the Bonus at end of first quinquennium,
: nd the Om (5) 3% net premium plus 10% to purcliase the Bonus at the end of the second quinquennium.
Deferred Dividend Policies. — An individual account is kept in respect of these policies, in the same
way as with the Quinquennial Distribution policies. At the completion of the dividend period of any
policy, the assured is also given his share of the "tontine" fund or forfeited surplus of those members in
the same class and year of issue whose policies have terminated before the completion of the dividend
period, by death, surrender, or lapse.
(c) The Company has issued no participating annuities.
DEFERRED DIVIDEND POLICIES.
Issued prior to January 1, 1911, and Amount of Profits contingently apportioned thereto.
Year
of
Issue.
1897..
1898..
1899..
1900..
1901..
1902..
1903..
1904..
Total Net
Amount
in Force.
7,000 00
3,000 00
8,000 00
2,500 00
179,700 00
189,560 00
189,200 00
256,000 00
Profits
Contingently
Apportioned.
$ 1,217 15
438 20
1,190 .34
563 89
34,239 35
36,527 31
33,507 51
37,971 13
Year
of
Issue.
Total Net
Amount
in Force.
1905 .? 299,700 00
1906.
1907.
1908.
1909.
1910.
315,400 00
400,265 00
450, 500 00
-479,070 00
386,500 00
Profits
Contingently
Apportioned .
.38,114 24
.37,991 31
35,842 10
.36,456 47
30,332 22
15,058 09
Totals $ 3,166,395 00 $ 339,449 31
ACCUMULATIVE DIVIDEND POLICIES.
Issued subsequent to January 1, 1911, and Amount of Profits credited thereto.
Year Total Net
of Amount
Issue. in Force.
1911 $ 359,500 00
1912 486,500 00
1913 604,5.58 00
1914 527,750 00
1915 724,222 00
1916 930 750 00
Profits
Credited.
5,780 09
5,271 02
11,409 54
2,499 24
124 34
Nil.
Year Total Net Profits
of Amount Credited.
Issue. in Force.
1917 $ 1,455,193 00 Nil.
1918 1,704,749 00 Nil.
1919 4,072,728 00 Nil.
1920 7,149,594 00 Nil.
Totals $18,015,544 00 $ 25,084 83
Schedule A.
Real estate — Actual cost.
Alberta —
Calgary, Part Blk. 5, Plan C, Land Titles Office $ 22,797 28
Calgarv, four other parcels, each under $5,200 book value. . . 12, 102 77
Edmonton, Lots 36 and 37, Blk. 2, Plan D 36, 053 80
Edmonton, two other parcels, each under .$3,000 book value. 5,759 17
St. Albert, one parcel 1,503 18
British Columbia —
Vancouver, seven parcels, each under $3,600 book value 19,733 03
Manitoba —
Winnipeg, five parcels, each under $6,500 book value 17,781 44
Ontario —
Waterloo, Head Office, cor. Erb and Albert Sts 26, 500 00
Waterloo, one other parcel 2, 929 15
Saskatchewan —
Moosejaw, Lot 35, Blk. 123, Plan old 96 11,600 92
Moo.sejaw, five other parcels, each under .$8,800 book value. 23,831 25
Prince Albert, Lots 41 to 44 Blk. 9, Lots 28 to 34 Blk. 10, Lots
2 to 12 Blk. 12, Plan 76 27,425 23
Prince Albert, two other parcels, each under $6,000 book
value 11,284 26
Regina, Part Lots 32 and 33 and all Lots 34 and 35, Blk. 287,
Plan 33 281 , 677 69
Regina, Lots 32 and .33, Blk. 341, Plan old .33 19,821 09
Regina, Lots 38, 39 and 40, Blk. .306, Plan old .33 68,582 17
Rural property, three parcels, each under $3,700 book value.. 8,582 91
Book value.
$ 22,797 28
12,136 52
36,0.53 80
5,759 17
1,503 18
20,290 38
17,785 44
28,900 00
2,929 15
11,665 92
24,437 45
27,425 23
11,303 81
282,322 63
19,821 09
69,. 547 67
8,673 41
$ 597,965 34 $ 603,352 13
LIFE INSURANCE COMPANIES
93
SESSIONAL PAPER No. 8
The Dominion Life — Continued.
S,CHEDULE B.
Loans secured by bonds, stocks or other marketable collaterals —
Par value. Market Amount
value. Loaned.
Mortgage on part lot 6, City of Toronto, Plan
lOA, 265 Jarvis St $ 3,092 85 $ 2,000 00]$ 4,000 00
100 shares Waterloo County Loan and Savings |-
Co. (20 per cent paid) 2,000 00 2,100 OOJ
Province of Ontario registered stock, 1947,
.4p.c 2,228 07 1,500 00 1,. 500 00
$ 7,320 92 S 5,600 00 $ 5,. 500 00
Bonds and debentures — Schedule C.
On deposit with Receiver General.
Cities— Derartment s
Alberta— Par value. Book value. value.
Edmonton $ 10,000 00 $ 10,494 50 $ 9,400 00
Strathcona 5,000 00 4,667 78 4,750 00
British Columbia —
Nanaimo 10,000 00 10,000 00 8,400 00
Victoria 10,000 00 10,000 00 7,700 00
Ontario —
Port Arthur 15, 000 00 • 15, 681 50 14, 050 00
St. Catharines 10,220 00 10,220 00 9,709 00
$ 60,220 00 $ 61,063 78 -S 54,009 00
Held by the Company.
Governments —
Canada —
Victory Loan $ 753,4.50 00 $ 747,743 48 $ 747, /43 48
War Loan 200 00 193 42 200 00
Provinces of Canada —
Manitoba— Debentures 25,000 00 18,355 60 18,355 60
Ontario-Debentures 100, 000 00 93, 000 00 93, 000 00
Saskatchewan— Registered Stock 6, 083 33 4, 772 37 4, 772 37
Other Governments —
Newfoundland— Bonds 100,000 00 101,160 81 101,160 81
$ 984,733 33 $ 965,225 68 $ 965,232 26
KjJttCS
Alberta— Calgary $ 81.273 32 $ 68,255 80 $ 68,2.55 80
British Columbia —
Kamloops 5,000 00 5,000 00 4,450 00
Revelstoke 13,15113 12,963 85 11,836 01
Ontario —
Port Arthur 1,000 00 1,000 00 930 00
Sault Ste. Marie 25,000 00 23,550 00 23,550 00
Saskatchewan —
Moosejaw 31,633 33 24,380 12 24,380 12
Saskatoon 23,626 64 19,205 71 19,205 71
$ 180,684 42 $ 154,355 48 $ 152,607 64
Towns —
NovaScotia-GlsiceBay $ 5,000 00 $ 4,393 64 $ 4,450 00
Ontario- —
Fort Frances 5,749 13 5,623 32 5,806 62
Hespeler 13,436 24 13,436 24 13,4.36 24
North Bay 5,498 93 5,410 62 5,410 62
Parry Sound 1,173 41 1,173 41 1,149 94
Sudbury 14,532 51 13,295 77 13,295 77
Waterloo 9,694 43 9,66169 9,273 28
Saskatcheimn—
Humboldt 6,262 27 6,284 27 6,137 02
North Battleford 5,000 00 4,550 33 4,350 00
SwiftCurrent 10,000 00 8,76122 8,400 00
Watrous 10,437 67 9,846 23 10,437 67
Weyburn 5,000 00 5,097 75 4,250 00
$ 91,784 59 $ 87,. 534 49 $ 86,397 16
94 DEPARTMEyr OF INSURANCE
ii GEORGE V, A. 1921
The Dominion* Life — Continued.
Schedule C — Concluded.
Bonds and debentures — Concluded.
Schools —
Alberta— Belfast $ 1,866 67 $ 1,958 66 $ 1,958 66
Quebec— St. Gregoire Le Thaumaturge, R.C . . . . 5, 000 00 5, 000 00 5, 150 00
Saskatchewan — Four schools, par value for each
under$3,300 7,505 92 7,800 65 7,87159
$ 14,372 59 S 14,759 31 i 14,980 25
Village —
On/ano— Grimsby $ 13,730 94 $ 13,730 94 S 13,730 94
Tounf-hips, Districts or Municipalities —
Manitoba —
Assiniboia $ 10,979 83 $ 9,984 42 $ 10,09164
West Kildonan 8,000 00 7,724 93 7,760 00
Ontario— Tisdale 18,229 94 17,828 88 17,828 88
$ 37,209 77 $ 35,538 23 S 35,680 52
Rural Telephone —
Saskatchewan— Star City S 12,243 34 S 12,420 99 $ 12,420 99
Railways —
Canadian Northern Ry. (g'teed by Dom. of
Canada), 1934, 4 p.c $ 194,666 66 $ 156,142 12 $ 156,142 12
Canadian Northern Pacific Ry. 1st Mtge.
(g'teed by British Columbia), 1950, 4 p.c. 21,900 00 15,583 53 15,583 53 .
Canadian Northern Pacific Ry. 1st Mtge.
(g'teed by British Columbia), 1950,41 p.c. 68,133 32 52,802 39 52,802 39
Canadian Northern Western Rv. 1st Mtge.
(g'teed by Alberta), 1942, 41 p.c 12,166 66 10,003 79 10,220 00
Cape Breton Electric Co., Ltd., 1st Mtge.,
1932, 5p.c 10,000 00 9,78692 8,900 00
Dominion Power and Transmission Co., Ltd.,
1st Mtge., 1921, 5 p.c 3,000 00 2,996 19 2,940 00
Grand Trunk Pacific Ry., 1st Mtge. (g'teed
by Saskatchewan), 19.39, 4 p.c 15,573 33 12,922 35 12,922 35
Niagara, St. Catharines and Toronto Ry.,
1st Mtge., 1929, 5 p.c 10,000 00 10,000 00 9,400 00
Quebec Railway, Light, Heat and Power Co.,
Ltd., 19.39, 5 p.c 5,000 00 4,707 58 3,550 00
Sudbury — Copper ClifT Suburban Electric Rv.
Co., 1st Mtge. (g'teed by Sudbury), 1936,
6 p.c 5,000 00 5,000 00 5,000 00
§ 345,439 97 S 279,944 87 S 277,460 39
Miscellaneous —
The Robert Bell Engine and Thresher Co.
(g'teed by Seaforth), 1941, 5 p.c S 9,000 00 S 9,236 70 $ 8,370 00
Canadian Realty Corporation Ltd., 1st Mtge.,
1921 to 1949, 6 p.c 57,000 00 57,000 00 57,000 00
Merchants Realtv Corporation, Ltd., 1st
Mtge., 1930-1949, 6 p.c 200,000 00 200,000 00 200,000 00
Price Bros, and Co., Ltd., 1st Mtge., 1940,
5 p.c 9,733 33 8,608 35 8,468 00
St. John Drydock and Shipbuilding Co., Ltd.,
1st Mtge., 1942, 5| p.c 55,769 73 52,443 19 52,443 19
$ 331,503 06 $ 327,288 24 S 326,281 19
$2,071,922 01 $1,951,862 01 $1,938,800 34
LIFE INSURANCE COMPANIES 95
SESSIONAL PAPER No. 8
The Dominion Life — Concluded.
Schedule E.
Cash in banks —
Molsons Bank, Edmonton $ 2,365 50
Bank of Toronto, St. Catharines 712 43
Merchants Bank, Guelph 748 69
Roval Bank, Owen Sound 242 48
MoLsons Bank, Toronto 271 91
Bank of Nova Scotia, Winnipeg 2,046 82
Merchants Bank, Saskatoon 1,000 00
Bank of Commerce, Halifax 500 00
Molsons Bank, Vancouver '. 200 00
Royal Bank, Chatham 50 00
Molsons Bank, Waterloo 21,364 68
Bank of Commerce, Waterloo 8, 148 07
Bank of Toronto, Waterloo 29, 301 13
Waterloo County Loan & Savings Co., Waterloo*. 29, 000 00
$ 95,951 71
96
hEPARTMEyX OF INSURANCE
11 GEORGE V, A. 1921
THE T. EATON LIFE ASSURANCE COMPANY.
Statement for the Year ending December 31, 1920.
President. Sir .John Craig Eaton — Ist Vice-President, Rorert Young Eaton — 2nd Vice-
President, Harrv McGee — Secretarj'-Treasurer, .John .James Vaughan — Manager and
Actuary, Percy Stewart McLean — Head Office, 190 Yonge St., Toronto.
(For List of Directors see Appendix).
(Incorporated May 11, 1920, by 10-11 George V, Chap 90. Commenced business August 20, 1920.)
CAPITAL STOCK.
Authorized. . .
Subscribed. . .
Paid in Casn .
Total ledger assets $ 121 , 903 4.5
Deduct excess of total book value of
ledger assets over total market
value 2,93.5 81
(For List of Shareholders see Appendix).
SUMMARY BALANCE SHEET.
Liabilities.
Total liabilities S
Excess of assets over liabilities: —
Capital stock paid in
cash S 100,000 00
Total Ledger Assets taken at market
value S 118,967 64
Non-ledger assets 900 83
Surplus.
12,003 47
Total assets
.500,000 00
2.50.000 00
100,000 00
65 00
112,003,47
119,868 47 Total S 119,868 47
SYNOPSIS OF LEDGER ACCOUNTS.
As at December 31, 1919:—
Net and total ledger assets Nil.
Increase in ledger assets in 1920: —
Income $ 147,413 40
Decrease in ledger assets in 1920:-
Disbursements
As at December 31, 1920:—
Net and total ledger assets
Total.
25,509 95
121.903 45
.$ 147,413 40 Total $ 147,413 40
ASSETS.
Ledger Assets.
Loans secured by bonds, stocks or other marketable collaterals (City of Port Arthur bonds,
par value S4o,000; market value, ?36,284) $ .30,000 00
Book value of bonds, debentures and debenture stocks owned by the Company (Dom. of
Canada Victorv loan, par value. S85,950; market value, S81,015.19) 83,951 00
Cash: At head office, $3.40; in Dominion Bank, Toronto, §7,949.05 7,952 45
Total I>€dger Assets $ 121,903 45
Deduct excess of total book value of real estate, bonds, debentures and stocks over total
market value 2,935 81
Total ledger assets taken at market value $ 118,967 64
Non-Ledger Assets.
Interest accrued on bonds and debentures % 777 08
Gross premiums, less reinsured: — Deferred, first year ($139.65 less $15.90 commissions and
estimated loss in collection) 123 75
Total Non-Ledger Assets $ 900 83
Total Assets $ 119,868 47
LIFE INSURANCE COMPANIES 97
SESSIONAL PAPER No. 8
The T. Eaton Life — Continued.
LIABILITIES.
Net liability under assurance, annuity, and supplementary contracts in force for payments
not due, dependent on life, disability or any other contingency or on a term certain {See
Statement of Actuarial Liabilities) $ 565 00
Net liability for unadjusted payments due under contracts: — Death losses (group) 2,000 00
Provision for unreported death losses and disability claims 4,000 00
All other liabilities due and accrued: —
Provision for expenses incurred not yet payable, $800; provision for taxes incurred not
yet payable, $500 1,300 00
Total Liabilities $ 7,865 00
INCOME.
Assurance premiums, first year $ 475 95
Total group premiums 38, 003 84
Total net premium income $ 38,479 79
Gross interest on bonds and debentures (less $945.45 paid for accrued interest on bonds
acquired during year) 1 , 418 17
Income from all other sources: —
Capital paid up, $100,000; contributed by The T. Eaton Co., Limited, towards organi-
zation expenses, $7,515.44 107,515 44
Total Income $ 147,413 40
DISBURSEMENTS.
In respect of as?u ance contracts: — Death claims (group) — -imount assured $ 9,000 00
Taxes, licenses and fees (including taxes on investments but excluding taxes on real estate) . . 474 00
Head office expenses:— Salaries, $8,566.85; travelling expenses, $233.51; rents, $500.52 9,300 88
All other expenses: — Books and periodicals, $243.45; express, telegrams and telephones,
$81.48; legal fees, $2,000; medical fees, $28; office furniture, $117.62; postage, $21.01;
printing and stationery, $4,214.96; miscellaneous, $28.55 6,735 07
Total Disbursements $ 25,509 95
EXHIBIT OF POLICIES.
(For policies herein included involving disability benefits see Abstract) .
Classification.
Whole Life.
Endowment
Term (Group).
Totals.
No.
Amount.
No.
Amount.
No.
Amount.
No.
Amount.
New issued
7
$ cts.
12,000 00
4
$ cts.
7,500 00
2
$ cts.
20,098,500 00
13
$ cts.
20,118,000 00
Less ceased by: —
Death
11,000 00
2,143,000 00
11,000 00
Expiry . . •.
2,143,000 00
Total ceased
2,154,000 00
2,154,000 00
At end of 1920
7
12,000 00
4
7,500 00
*2
17,944,500 00
13
17,964,000 00
MISCELLANEOUS.
New policies issued and paid for in cash: — Number, 13; gross and net amount, $20,118,000; all policies
are non-participating.
'Number of lives assured, 18,077.
98
DEPARTMENT OF INSURANCE
;1 GEORGE V, A. 1921
Thb T. Eaton Life — Concluded.
STATEMENT OF ACTUARIAL LIABILITIES.
AftsuHANCE Section.
Class of Contract.
Gross in Force.
Number.
Amount.
Reserve.
Ordinary vAthout Profits: —
Life
7
4
2
$ cts.
12,000 00
7,500 00
17,944,500 00
$ Ctfi.
317 00
248 00
Renewable term group assurance
Nil.
Totals
13
17,964,000 00
565 00
SUMMARY OF RESERVE. Without
Profits.
Total reserve on the Company's (statutory) basis of valuation $ 565 00
Deduction therefrom permitted under Section 43 (3), Insurance Act, 1917 (none made) (224 63)
Net reserve carried in the liabilities S 565 00
MISCELLANEOUS STATEMENT.
I. The Calculation of the "Reserve" in the "Statement of Actuarial Liabilities": —
(1) The full net premium on the statutory basis was reserved. The age employed was the age at
nearest birthday which is the age at which the premium is charged.
Special Classes: —
(a) No policies were issued at tropical or sub-tropical rates.
(6) The policies issued at premiums higher than the true ages were valued at the rated-up age.
(c) No policies were issued providing for payment at death during certain periods of an amount less
than the full amount of the assurance.
id) In the case of policies issued where an annual extra premium was payable, the extra annual pre-
mium was disregarded. No policies were issued where the extra premium was payable in one sum.
(e) No policies wore issued where the applicant was limited to a special class.
(/) The full disability premium was reserved under policies providing for disability benefits. No
disability claims have as yet occurred.
(g) No annuities have been issued.
(2) Items of Special reserve —
(o) No reserve is held for pre-paid loadings under limited payment and single premium policies.
(6) No policies have been issued with guaranteed benefits exceeding the net premium reserve on the
sta utory basis.
(c) The full reserve is maintained for a period of approximately six months after lapse on account of
lapsed policies subject to reinstatement.
(d) No term policies are issued in the ordinary Branch.
(c) Under group policies the individual insured has the right to convert to standard plans, both
life and endowment, on leaving the employ of the T. Eaton Co. Ltd . No additional reserve is maintained
therefor.
(/) No other special reserves are held.
II. The guaranteed values on a policy issued at "rated-up" age are those for the age at which premiums
are charged.
Where an extra premium is charged the regular guaranteed values are granted; where premium pay-
ments are waived under the total and permanent disability clause the guaranteed value is increased in
the same manner as though the premium had been paid in cash.
III. The average rate of interest earned on the mean ledger assets wa^ 4-37%.
IV. The distribution of surplus —
No with-profit policies are issued. •
LIFE INSrRAyCE COMPANIES
98
SESSIONAL PAPER No. 8
EDINBURGH ASSURANCE COMPANY, LIMITED.
Statement for the Year ending December 31, 1920.
President— His Grace The Duke of Montrose, K.T. — Manager — T. M. Gardiner. — Secretary
—A. E. Spragxje, D.Sc, F.F.A., F.I.A.— Principal Offic€^26 George St., Edinburgh,
Scotland. — Chief Agent in Canada — David T. Symons. — Head Office in Canada — 36
Toronto Street, Toronto. — Advisory Committee — W. H. L. Gordon, Chairman. — E. R. C.
Clarkson, Sir John Aird.
(Established August 29, 182.3. Incorporated, 1845. Commenced business in Canada, 1857).
CAPITAL STOCK.
Authorized and subscribed £ 500,000 stg. $ 2, 433,335
Paid in cash 100,000 " 486, 667
ASSETS IN CANADA.
Ledger Assets.
Held solely for the protection of Canadian policyholders.
Bonds and debentures on deposit with the Receiver General: — Departments
Par value. value.
Cape of Good Hope inscribed stock S 48,666 67 $ 44,286 67
City of Vancouver 20,000 00 14,600 00
$ 68,666 67 S 58,886 67
Carried out at Department's value.
Other Ledger Assets.
Loans to policyholders secured by the Company's policies in force, the reserve on each policy
being in excess of all indebtedness
Cash in Canadian Bank of ( "ommerce, Toronto
58,886 67
272 53
92,401 71
Total Ledger Assets $ 151,560 91
Interest accrued on policy loans.
Non-Ledger Assets.
12 36
*TotaI Assets in Canada $ 151,573 27
LIABILITIES IN CANADA.
Net estimated liability under a.ssurance, annuity, and supplementary contracts in force for
payments not due, dependent on life, disability or any other contingency or on a term
certain $ 18,848 61
INCOME IN CANADA,
Assurance premiums, renewal $ 258 25
Gross interest on— bonds and debentures, $2,646.67; premium notes, policy loans and liens,
$16.34 2,663 01
Total Income in Canada $ 2,921 26
DISBURSEMENTS IN CANADA.
Legal fees.
1,222 15
EXHIBIT OF POLICIES.
Classification.
Whole Life.
Bonus
Additions.
Totals.
No.
Amount.
No.
Amount.
At end of 1919
11
$ cts.
15,242 17
$ cts.
7,278 10
182 75
11
$ cts.
22,520 27
Bonuses added
as at Dec. 31, 1919
182 75
At end of 1920.
11
15,242 17
7,460 85
11
22,703 02
^Excluding mortgages, debentures and bonds not connected with policies, but lent or purchased as invest-
ments.
8— 7i*
100 DEPARTMEXT OF INSURANCE
11 GEORGE V, A. 1921
THE EQUITABLE_LIFE ASSURANCE SOCIETY OF THE UNITED STATES.
Statement for the Year ending December 31, 1920.
President, W. A. Day — Secretary, Wm. Alexander — Actuary, Robert Henderson — Canadian
Director, Sir Edmund Walker — Canadian Trustees, Honourable Wallace Nesbitt,
William Harty — Principal Office, 120 Broadway, New York City— Chief Agent in Canada,
Gerald F. Brophy — Head Office in Canada, Montreal.
(Organized July 26, 1859. Incorporated July 26, 1859 under Chapter 463 of the laws of 1853 New York
providing for the incorporation of Life and Health Insurance Companies. Commenced business in
Canada October, 1868.)
CAPITAL STOCK.
Authorized, subscribed and paid in cash ; $ 100,000 00
ASSETS IN CANADA.
Ledger Assets.
Held solely for the Protection of Canadian Policyholders.
Department's value of bonds, debentures and debenture stocks owned by the Company
{For details see Schedule C) : —
On deposit with the Receiver General, $6,415,888.52; Held by Trustees, $920,000 $ 7,335,888 52
Amount secured by the Company's policies in force, the reserve on each policy being in
excess of all indebtedness: —
Loans to policyholders $ 961, 983 04
War Liens bearing 4% simple interest 4, 141 24
966,124 28
Cash: At Head Office, $136.69; In Banks. $151,654.04 {For details see Schedule E) 151,790 73
Total Ledger Assets S 8,453,803 53
Non-Ledger Assets.
Interest on — Due. Accrued.
Bonds and debentures $ $ 102, 149 60
Premium notes, policy loans and liens 3, 308 74 4, 821 94
Bank deposits 349 09
Total interest $ 3,308 74 $ 107,320 63
$ 110,629 37
First Year, Renewal.
Gross premiums, less reinsured: —
Due and uncollected $ 866 36 $ 95,989 70
Deferred 2,238 53 40,006 28
Total $ 3,104 89 $ 135,995 98
Deduct commissions and estimated loss in collection 920 25 12,281 67
Net premiums due and uncollected, and deferred $ 2, 184 64 $ 123, 714 31
Consideration for annuities, less reinsured, renewal: —
Due and uncollected $ 634 93
Deferred 131 06
125,898 95
Total 765 99
Deduct commissions and estimated loss in collection 49 85
Net consideration for annuities due and uncollected and deferred 716 14
Group insurance premiums ■ . ■ 311 69
Total Non-Ledger Assets % 237,556 15
Total Assets in Canada $ 8,691,359 68
LIFE INSURANCE COMPANIES 101
SESSIONAL PAPER No. 8
The Equitable Life — Continued.
LIABILITIES IN CANADA.
Net liability under assurance, annuity, and supplementary contracts in force for payments
not due, dependent on life, disability or any other contingency or on a term certain (See
Statement of Actuarial Liabilities) $ 8, 225, 800 GO
Net liability for payments due under contracts: — Ordinary.
Death Matured
Losses. Endowments.
Adjusted but unpaid $ 5,913 19 $ 2,500 00
Unadjusted 61,01190
Totals $ 66,925 09 $ 2,500 00
69,425 09
Provision for unreported death losses and disability claims 10,000 00
Dividends left with the Company (arising out of assurance contracts) including interest
accumulations 47, 865 44
Received from policyholders in advance: — Premiums, $2,579.29; interest on policy loans,
120,372.88 22,952 17
Net dividends to policyholders due and unpaid 14,232 01
Provision for profits to policyholders payable in the year following the date of account... . . 256,839 12
Provincial, municipal and other taxes due and accrued 20,786 98
Salaries, rents and office expenses, due and accrued 580^09
Total Liabilities in Canada -. f 8,668,480 90
INCOME IN CANADA.
First Year. Renewal. Single.
Assurance premiums $ 213,139 95 $1,131,017 58 $ *25,128 24
e 2 Qgg 285 77
Consideration for annuities $ 4, 303 21 $ 9, 652 38 $ 2, 500 00
IQ 455 gg
Total group premiums $ 26,18103 $ 1,704 51 $
27,885 54
Total disability premiums $ 5, 131 55 $ 8,644 14 $
13,775 69
Total net premium income and consideration for annuities $ 1,427,402 59
Consideration for supplementary contracts: —
Involving life contingencies, $1,620.28; not involving life contingencies, $2,828.12 4,448 40
Dividends left with the Company at interest (arising out of assurance contracts) 7,937 40
Gross interest or dividends on —
Bonds and debentures (less $1,420.83 paid for accrued interest on bonds
acquired during year) $ 309, 307 52
Premium notes, policy loans and liens 47, 622 71
Other assets 5,801 07
362,731 30
Advances made to agents in previous years and recovered during the year 192 82
Total Income in Canada $ 1,802,712 51
DISBURSEMENTS IN CANADA.
Death Matured Disability
In respect of assurance contracts: — Claims. Endowments. Claims.
Death, endowment and disability claims —
Amount assured/Ordinary $ 406,922 11 $ 160,743 00 $ 120 83
\Group 10,750 00
Bonus addition 11,598 28
Total $429,270 39 $160,743 00 % 120 83
590,134 22
Net surrender values 194,099 78
Net dividends —
In cash $ 214, 648 23
Left with the company at interest 7, 937 40
Applied as single premiums: — To purchase bonus addition 24, 827 86
Total net dividends 247, 413 49
*Including $24,827.86 single premiums paid by application of assurance dividends.
102
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
The Equitable lAFK—Coiitinued.
DISBURSEMENTS IN CANADA— Conc/udfrf.
In respect of life annuity contracts: —
Cash payments to annuitants $ 8,877 12
Net surrender values 3,240 46
Net dividends: In cash, $306.42; left with the company at interest, $29.78. 336 20
$ 12,453 78
Total net disbursements in respect of assurance and annuity contracts .$ 1,044, 101 27
Net payments on supplementary contracts:—
Involving life contingencies, $2,695; not involving life contingencies, $3,260.24 5,955 24
Net reduction in premiums resulting from application of dividends .555 70
Dividends left with the company and interest accumulations withdrawn 6, 779 95
Taxes, licenses and fees (including taxes on investments but excluding taxes on real estate).. 23,479 25
Head office expenses (Investment expenses): — Trustees' fees, $1,500; safe deposit tax, $20. . . 1,.520 00
Branch office and agency (expenses: — Assurance commissions — first year, $99,651.01; renewal,
$39,520.85; Annuity' commissions— first year, $480.27; renewal, $506.88; single, $100;
salaries, $52,478.38; travelling expenses, $7,851.79; rents, $9,580.77 210,169 95
All^other expenses: — Advertising, $119.74; express, telegrams and telephones, $1,089.92;
legal fees, $17.45; medical fees, $7,520; office furniture, - $882.70; postage, $2,103.09;
printing and stationery, $500.91; exchange, $585.25; duty, $675.78; miscellaneous,
$631 .59 12, 361 03
Total Disbursements in Canada $ 1,304,922 39
EXHIBIT OF ANNUITIES.
Arising out of Life Assurance Contracts.
Classification.
Life Annuities
Proper.
Involving Life
Contingencies.
Not involving
Life
Contingencies.
Disability
Annuities.
Totals.
No.
Annual
Payment.
No.
Annual
Payment.
No.
Annual
Payment.
No.
Annual
Payment.
No.
Annual
Payment.
At end of 1919... .
87
12
2
$ cts.
48,233 72
6,010 24
1,500 00
9
1
$ cts.
2,595 00
100 00
8
4
$ cts.
1,835 24
$ cts.
104
18
2
$ cts.
52,663 96
New issued
Old revived
1
350 00
6,460 24
1,500 00
Totals
101
55,743 96
10
2,695 00
12
1,835 24
1
350 00
124
60,624 20
Less ceased by: —
Surrender
5
9
12
6,300 00
4,260 00
6,840 00
5
9
12
6,300 00
Lapse
4,260 00
Not taken
6,840 00
Total ceased
26
17,400 00
26
17,400 00
At end of 1920....
75
38,343 96
10
2,695 00
12
1,835 24
1
350 00
98
43,224 20
LIFE INSURANCE COMPANIES
103
SESSIONAL PAPER No. 8
The Equitable Life — Continued.
EXHIBIT OF POLICIES (ORDINARY).
(For policies herein included involving disability benefits see Abstract.)
Classification.
Whole Life.
Endowment
Assurances.
Term
and Other.
Bonus
Additions
Total.
No.
Amount.
No.
Amount.
No.
Amount.
No.
Amount.
At end of 1919
New issued
Old revived
Old increased .
12,483
1,527
18
$
30,649,424
5,805,767
51,500
12,061
36,131
1,902
132
1
$
3,007,298
234,068
1,000
627
128
1
$
2,123,621
745,855
1.000
384,705
47,407
15,012
1,787
20
$
36,165,048
6,833,097
53,500
12,061
Transferred to
14
2
145
85
169,231
101
205,507
Totals
14,042
36,554,883
2,037
3,242,511
841
3,039,707
432,112
16,920
43,269,213
Less ceased by: —
Death
Maturity
168
421,617
14
87
21,000
154,363
1
5,000
12,282
145
183
87
110
1
217
531
459,899
154,508
110
447,968
447,968
Disabilitj'
1
16
36
16
14
1,000
30,975
58,000
140
59, 955
21,000
1,000
Surrender
184
465
417,067
1,191,377
98,715
1,217,251
170,250
17
30
39,860
88,500
11,668
499,570
1,337,877
Decrease.
98,855
Not taken
215
75
9
10
40,548
61,987
240
99
1,317,754
253,237
Total ceased
1,107
3,516,277
184
346,433
177
683,863
24,095
1,468
4,570,668
At end of 1920
12,935
33,038,606
1,853
2,896,078
664
2,355,844
408,017
15,452
38,698,545
MISCELLANEOUS.
New policies issued and paid for in cash: Number, 1,769; gross and net amount, $6,314,624.
Total amount in force divided as to dividend plan: Annual, $34,954,760; quinquennial, $133,090
deferred, $3,356,587; non-participating, $254,108
Total $38,698,545
EXHIBIT OF POLICIES (GROUP).
Term.
No. of
Policies.
No. of
Em-
ployees.
Amount
Assured.
At end of 1919
1
16
137
2,291
583
$
137,000
New policies issued
2,507,400
New employees insured during 1920 under policies after date of origiral issue
Increase in insurance on individual lives. ...
403,800
157,850
Total
17
3,011
3,206,050
Less ceased: —
Employees—
By termination of employment — Without conversion
595
8
485,000
By death . . ...
10,750
By decrease
19,700
Total cea.sed
603
515,450
At end of 1920
17
2,408
2,690,600
104
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
The Equitable Life — Cordinued.
DETAILS OF POLICIES ISSUED PRIOR TO SIst MARCH, 1878, AND BONUS ADDITIONS
THEREON.
In force at beginning of year in Canada.
Revived or increased during the year. .
Terminated
In force at date of statement
No.
103
Amount.
S
231,210
25,500
205,710
Bonus
Additions
thereon.
I
37.441
1.144
4.882
33.703
STATEMENT OF ACTUARIAL LIABILITIES.
Assurance Section.
Gross in Force.
Number.
Amount.
Reserve.
Ordinary with Profits: —
Life
12,860
1,850
649
$
32,819,202
2,892,328
2,324,890
408,017
(555 70)
S
6,083,006
1 432 130
Endowment assurance
Term, etc
43 609
Bonus addition
246 419
Premium reduction
4,491
Disability extra reserve
15,079
Double indemnity reserve
36
Extra reserve to bring Society's basis up to legal minimum
115,000
Totals r
15.359
38,444.437
7 939,770
Ordinary without Profits: —
Life
75
3
15
219.404
3.750
30, 954
83,808
Endowment assurance
3,400
Term, etc
541
Extra reserve to bring Society's basis up to legal minimum
5,000
Totals
93
254, 108
92,749
Group with Profits: —
Term, etc
17
2,690,600
1,561
Disability on Group
55
Totals
17
2,690,600
1,616
Grand totals
15,469
41,389,145
8,034,135
Annuity Section.
Class of Annuity.
Gross in Force.
Number.
Annual
Payment.
Resen^e.
With Profits:—
Life annuities proper
32
7
5
$
26, 120 00
2,120 00
513 78
$
34,722
Supplementary contracts; —
Involving life contingencies
37.012
Not involving life contingencies
4,411
Extra reserve to bring Society's basis up to legal minimum
7,000
Totals .
44
28,753 78
83.145
Without Profits:—
Life annuities proper
43
3
7
1
12,223,96
575 00
1,321 46
350 00
73.447
Supplementary contracts. —
Involving life contingencies
7,510
Not involving life contingencies
20.858
Disability annuities
2.205
Extra reserve to bring Society's basis up to legal minimum
4.500
Totals
54
14,470 42
108.520
Grand totals
98
43,224 20
191,665
LIFE INSURANCE COMPANIES 105
SESSIONAL PAPER No. 8
The Equitable Life — Contimwd.
SUMMARY OF RESERVE.
With Without
Profits. Profits. Total.
Total net reserve on the Society's basis of valuation including
additional reserve to bring Society's reserve up to statutory
reserve $8,024,531 $ 201,269 $8,225,800
MISCELLANEOUS STATEMENT.
I. The calculation of the "Reserve" in the "Statement of Actuarial Liabilities." —
(1) All policies of the same class, percentage, year of issue, kind, and age, were grouped together
in the valuation, single premium annuities being grouped by age attained in 1920. The amounts of insur-
ance for each age group were then multiplied by the mid-year reserves for the corresponding group. The
age at entry for assurances for valuation purposes is computed on the same basis as used in calculating
the office premium, being the age nearest birthday at the date of issue. The valuation net premium is
based on the same age. For annuities the age at entry is obtained by determining the integral age attained
in the year of entry. However, in calculating considerations for immediate and deferred annuities the
latest age attained, taking into account the quarter ages, was used. In determining the office premium
for the deferred Income Bond the age at nearest birthday was used.
The attained age for assurances for valuation purposes is obtained by adding the difference between
the year of valuation and the year of issue to the age at issue and adding one half year; for annuities the
attained age is obtained by adding the difference between the year of valuation and the year of issue to
the integral age attained in the year of issue and adding one half year.
The reserves are computed on the basis used by the Society covering its total business. The bases
pi valuation and rates of interest are shown below. The reserve as so obtained was then adjusted and
increased as shown in the "Statement of Actuarial Liabilities" to bring it to the Canadian statutory
basis.
Basis, Ordinary Assurance Contracts: —
(1) Premium based on 4% interest, 1859-1899 inclusive. Actuaries' 4%; (2) Premiums based on
3% 1895 and after, or 3^% 1898-1906 inclusive, and 3^% Convertible policies 1914 and after (including
all the insurance issued since December 31st, 1899), American 3% or American 31%. Exceptions: —
Child'3 Endowments: (1) prior to 1898, Carlisle 4%; (2) 1898-1906 inclusive, (a) by annual premiums,
Carlisle 3^%, (6) by single premiums, Hm. 3|%; Joint Life: (1) prior to 1898, American 4%; (2)
1898-1906 inclusive, Hm. 3%; (c) Survivorship Assurances, prior to 1898, Carlisle 4%; (d) Sub-Standard
business, 1915 and after when premiums were based on 125% to 150% American mortality, also for
policies with flat extras of $2.50 to $5.00 per thousand per annum (also $7.50 for forms other than
endowments), Sesqui American 3%. (e) Sub-Standard policies when premiums were based on over
150%, American mortality, also on those policies issued with a fiat extra of over $7.50 per thousand
($7.50 or over for endowments), Double American 3%. (/) Reversionary additions same as above.
Note: — All non-participating policies (excepting Term) 1898-1906 inclusive, debenture bonds, continuous
instalment, and minimum rate policies, 1898-1902 inclusive with premiums based on 3^%; all paid up
policies 1900-1906 inclusive when premiums of original policy were based on 3^% or 4%; and all policies
issued after 1899 with premiums based on 4%; bases of valuation, American 3^%, exceptions above.
AH other policies since 1899 not above specified, American 3%.
Annuities: — Issued prior to 1898 and 4% annuities issued in 1898, ordinary and deferred. Actuaries' 4%,
two lives, Hm. 4%; Survivorship, Carlisle 4%. Issued subsequent to 1898 and 3§% annuities of 1898;
regular single life, 1898-1906 inclusive, American 3^%. All others, McClintock's Table 3J%. Exceptions:
Annual dividend survivorship annuities, 1913 and after, McClintock's Table 3%. Annuities arising out of
assurance contracts were valued by American 3%, or American 3^%, according as the premiums on original
contracts were based on 3% or 3^%. Premium reductions valued on same table and at same rate of
interest as original policy.
Disability Benefits were valued by Hunter's Disability Table using 3% interest.
Special Classes: —
(a) The valuation included only policies taken out on the lives of residents of Canada.
(fe) Where policies were issued and premiums were charged at ages higher than the true ages, the
reserves were computed at those higher ages.
(c) In case of policies subject to liens the reserve for a decreasing insurance was deducted from the
reserve of the regular policy.
(d) In case of policies issued at fixed extra premiums payable
(1) in a lump sum; None issued.
(2) Annually; in respect to sub-standard policies see above under I for basis used in comput-
ing the reserve.
(e) In respect to policies otherwise issued to sub-standard lives see above under I for basis used
in computing the reserve.
(/) (1) Before the occurrence of disability: An extra disability reserve to cover waiver of premium
instalment benefits was computed, being calculated upon the amount of insurance for each year,
kind, and age, using Hunter's Disability Tables;
(2) After the occurrence of disability: An extra reserve was computed on disabled lives (a) in the
case of waiver of premium benefit equal to the present value of future net premiums (6) in the case
of the instalment benefit equal to the present value of future loss of interest, both on Hunter's Dis-
abled Life Table.
(fir) No distinction was made as to premiums or reserves between average and under average
annuitants.
106 DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
The Eqi'itable \avv.— Continued.
MISCELLA NEpUS STATEMENT— Coniinued.
(2) Items of special renvrve: —
(a) No specific reserve is held under limited payment and single premium policies, nor under
immediate annuities on account of prepaid or limited loadings.
(h) An estimated extra reserve has been held representing the accumulation of the maximum net
annual extra pure endowment premium required to provide the diflference between Om (5) 3|%
reserve and the guaranteed surrender values.
(c) No specific reserve is held on account of lapsed policies not continued in force under automatic
non-forfeiture provisions but being subject to reinstatement.
(d) No specific reserve is held to cover the option of renewal under term policies.
(e) No specific reserve is maintained to cover the option of conversion either during a fixed period
or at the end thereof, into higher premium policies.
(/) All items under which a special reserve is held are stated above.
II. Under tropical or sub-tropical policies the following surrender values are allowed: — On issues
prior to 1910, same values as on northern policies; on issues 1910 and after cash and paid up on the same
basis as northern policies issued in 1907 but extended insurance obtained by using same percentages of
Double American or Sesqui Anerican 3% (applied on these latter tables), as was used for northern policies
issued in 1907.
III. The average rate of interest earned during the year on the mean net ledger assets was 4-63 per
cent.
IV. The distribution of surplus: —
(a) After setting aside from the surplus earned during the year the sum of 17,000 for the payment
of the authorized dividend upon the capital stock, the remainder is held in the interest of or paid to
the policyholders.
(b) Annual Dividends —
The following is the rule for the computation of annual dividends payable in 1920: —
From the ordianry premium due in 1919, taken on the annual basis, deduct the expense charge
beginning at 18% of the mean between the gross annual premium and the net ordinary life annual
premium at the same age for the first policy year. The expense charge decreases by 3% of the
initial amount each year for 15 years, then by 2% each year f(ir the next 10 years and then by 1%
each year for the next 10 years to 25% for the 36th year, remaining uniform thereafter at 25% of the
initial amount but ceasing in any case when the policy becomes paid up.
The expense charge is, however, in no case to exceed the loading included in the office premium.
Add the balance of the premium to the terminal reserve in 1919 and to the sum add interest at 4-3%
for one year. From the total deduct the cost of insurance according to the American Experience
table and the terminal reserve at the anniversary in 1920. The balance is the cash dividend for 1920
except that no dividend is to be declared at the end of the first policy year on other than Single Pre-
mium policies.
Deferred Dividends —
On policies in the Deferred Dividend classes, a special account is kept of income and disburse-
ments, so that the amount of the deferred dividend fund, that is, the amount of assets derived from
policies in the deferred dividend classes, can be ascertained for the end of every year. The deferred
dividend fund is credited with all premiums received on deferred dividend policies, is charged wath
a proper proportion of the expenses, receives credit for interest on accumulations proportionate to that
earned on the total funds of the Society, and is charged with losses by death on Deferred Dividend
policies, and the values of such policies as reach the end of their dividend periods, or are surrendered
previous to that time. At the end of every year, the total amount of the deferred dividend fund,
and the total amount of reserve and other liabilities on deferred dividend policies are calculated and
the difference between these amounts is the surplus derived from deferred dividend contracts.
xVs deferred dividend policies, after completing their periods cannot participate in future divisions
of de_ferred dividend surplus, careful computations are made of the amounts to be apportioned to
policies at the end of their dividend periods. It would apparently have simplified the calculations
to have made separate classes for every year of issue of policies with the same features and condi-
tions, so that there would have been no mingling of claims of policies leaving a class with claims of policies
remaining in the class; but an insuperable objection to this plan is that in small numbers, and even
in numbers of considerable magnitude, irregularities will arise which would be troublesome in practice,
and would cause grave suspicion of unfairness, while it is desirable in all life insurance calculations
to take advantage of the largest average attainable.
It was decided therefore, that all policies with similar conditions, no matter in what year issued,
should be classified together for the purpose of determining the proper amounts of dividend to be
apportioned, and the following plan adopted: — Rates of interest, mortality, expense, lapse and sur-
render, were assumed based upon past experience. On the bases of these rates, calculations of the
amount of surplus which would be realized on policies taken at every age, and of every kind, at the
end of their dividend periods, were made, and estimated surpluses were computed for the issues of
every year at the end of every policy year during their periods. By simply uniting these computations,
we can readily ascertain in any year the expected, or estimated surplus, on the entire amount of the
deferred dividend policies included in the various classes. The total expected surplus, when compared
with the total actual .surplus, which is ascertained as described above, gives a ratio which is applied
to the estimated surplus on policies at the end of their periods, and in this manner we obtain the
actual surplus which is apportioned to such policies.
The annual ca.sh dividends may be applied on the basis of the net American 3% table, to the
purchase of dividend additions without medical examination.
The deferred dividends may be applied on the basis of the net American 3% Table to the purchase
of (a) dividend additions subject to evidence of insurability; (fe) premium reductions, the full pre-
mium due, if any, being first deducted out of the dividend.
LIFE INSURANCE COMPANIES 107
SESSIONAL PAPER No. 8
The Equitable Life — Continued.
MISCELLANEOUS STATEMENT— Concludrd.
The five year dividends may be applied on the basis of the net American 3% Table, to the
purchase of (1) dividend additions without medical examination ; (2) premium reduction due
covering five years.
Deferred dividend tropical and semi-tropical policies receive dividends based upon the experience
of such policies; annual dividends same as northern.
(c) The following is the rule for the computation of annual dividends payable in 1920 on Income
Bonds: —
From the ordinary premium due in 1919, taken on the annual basis, deduct an expense charge
beginning at 18% of the mean between the gross annual premium and the net ordinary life annual
premium for the maximum amount of return in case of death at the same age for the first policy year.
The expense charge decreases by 3% of the initial amount each year for 15 years, then by 2% each
year for the next 10 years and then by 1% each year for the next 10 years to 25% for the 36th year,
remaining uniform thereafter at 25% of the initial amount. The expense charge is, however, in no
case to exceed the loading included in the office premium. Add the balance of thfe premium to the
terminal reserve in 1919 and to the sum add interest at 4-3% for one year. Froin the total deduct
the cost of insurance according to the American Experience Table and the terminal reserve at the
anniversary in 1920. The balance is the cash dividend for 1920 except that no dividend is to be de-
declared at the end of the first policy year on other than Single Premium policies.
DEFERRED DIVIDEND POLICIES (Including Quinquennial)
Issued prior to January 1, 1911. No profits have as yet been contingently apportioned thereto.
Total Total
Year of Issue. Net Amount Year of Issue. Net Amount
in Force. , in Force.
1898 % 40,700 1903 $ 868,110
1899 25,360 1904 643,540
1900 41,180 1905 421,550
1901 593,749 1906 249,174
1902 606,314
Totals S 3,489.677
Schedule C.
Bonds and debentures —
On deposit with Receiver General:
Governments — Par value. Departments
Canada — vaiue.
Bonds % 1,164,000 00 $ 1,1.52,360 00
Victory Loan 905,000 00 905,000 00
Provincen of Canada—
Alberta— Debentures 622,800 00 595,888 00
Ontario— Debentures 300,000 00 279,412 00
Quebec— Inscribed stock 374,700 00 288,496 00
Cities —
Alberta —
Calgary 243,000 00 204, 120 00
Edmonton 97,333 33 78,840 00
British Columbia —
Vancouver 52,000 00 48,880 00
Victoria 138,000 00 129,210 00
Mani7o6a— Winnipeg 338,000 00 299,640 00
A'oTO -Sco^m— Sydney 150,000 00 130,500 00
Ontario —
Hamilton 277,000 00 270,010 00
Toronto 879,043 00 840,991 71
Quebec —
Montreal 1,077,466 85 942,170 81
Quebec 35,500 00 32,660 00
School —
Alberta— Cedgary 254,750 00 217,710 00
Held by Trustees:
Railway —
New York Central and Hudson River R. R., 1934, 4 p.c. 1,000,000 00 920,000 00
I 7,908,593 18 $ 7,335,888 52
$ 17,
,927 61
'M
,613 58
12,854 42
45,557 61
12
,681 83
18,
.561 19
256 24
4
,627 45
4 63
1,
, 163 29
.
406 19
$ 151,
,654 04
108 DEPARTMENT OF IN liU RANGE
11 GEORGE V, A. 1921
The Equitable Life — Continued.
Schedule E.
Cash in banks —
Canadian Bank of Commerce, Halifax $
Montreal
Toronto
Savings Dept., Toronto
Vancouver
Winnipeg
Halifax
La Banque Provinciale, Montreal
Canadian Bank of Commerce, Toronto
Vancouver
Winnipeg
GENERAL BUSINESS STATEMENT FOR THE YEAR ENDING DECEMBER 31,1920
INCOME.
Total premium income $94, 527, 783 21
Consideration for supplementary contracts involving life contingencies ' 824,497 26
Consideration for supplementary contracts not involving life contingencies 2,412,431 06
Consideration for disability claims 2, 506 23
Dividends left with the company to accumulate at interest and interest thereon 734, 668 87
Interest and rents 28,223,217 31
Foreign exchange and currency adjustment 2,082, 515 96
Foreign exchange unearned 525, 000 00
Agents' balances previously charged off [ 25, 219 36
Accident and health department ' 876,594 92
Gross profit on sale or maturity of ledger assets 1,037,348 98
Gross increase, by adjustment, in book value of ledger assets 518, 939 00
Income from other sources 366, 220 00
Total income $132,156,942 16
DISBURSEMENTS.
Net amount paid for losses and matured endowments $42, 946, 046 53
For annuities involving life contingencies 1, 712,462 73
Surrender values paid in cash or applied in liquidation of loans or notes 11 , 099, 840 81
Surrender values applied to pay new and renewal premiums 84, 172 53
Reserves applied to consideration for disability claims 406 23
Dividends paid to policyholders in cash or applied in liquidation of loans or notes 9,664,453 23
Dividends applied to pay renewal premiums 4, 865, 422 63
Dividends applied to purchase paid-up additions and annuities 1, 654, 308 43
Dividends left with the company to accumulate at interest 656,436 84
Expense of investigation and settlement of policy claims 17, 837 39
Paid for claims on supplementary contracts not involving life contingencies 2,276,860 81
Dividends and interest thereon held on deposit surrendered during the year 368, 633 01
Paid stockholders for dividends 7, 000 00
Commission to agents 11,619,869 52
Medical examiners' fees and inspection of risks ' . . . 838,463 84
Commuted renewal commissions 15, 592 00
Compensation of managers and agents not paid by commission 33,943 86
Salaries and other compensation of officers, directors, trustees and home oflBce employees.. 2,855,375 97
Branch office expenses 1,279,652 17
Agency supervision and travelling expenses of supervisors [ 843, 761 68
State taxes on premiums, Insurance Department licenses and fees 1,062, 156 80
Taxes on real estate 254, 151 86
All other licenses, fees and taxes 1,294,968 07
Rent 842,017 99
Advertising, printing, stationery, postage, telegraph, telephone, express and exchange 819, 110 03
Legal expenses 61,271 38
Furniture, fixtures and safes .......................... . . . . . . . 354, 171 70
Repairs and expenses on real estate 1,249,583 36
Interest on policy claims, dividend deposits, etc 135,076 60
Losses (Miscellaneous) 9, 219 96
Agents' balances charged off 20,275 72
Deferred payment on bonds purchased : '. . . . 700,000 00
Accident and health department 664,505 47
Gross loss on sale or maturity of ledger assets ~ 191 064 25
Gross decrease, by adjustment, in book value of ledger assets 5,321,377 30
All other disbursements 599, 873 94
Total disbursements $106,419,364 64
LIFE INSURANCE COMPANIES 109
SESSIONAL PAPER No. 8
The Equitable Life — Concluded.
LEDGER ASSETS.
Book value of real estate $12,631,543 95
Mortgage loans on real estate, first liens 126, 716, 994 95
Loans secured by pledge of bonds, stocks or other collateral 4, 161,029 00
Loans on the company's policies assigned as collateral . 90,322,824 51
War liens 51,592 85
Book value of bonds and stocks 370,901,301 40
Cash on hand, in banks and in trust companies 7, 136,698 76
Bills receivable, agents' balances and supplies.- 419,453 32
Cash in transit 418,843 43
Accident and health department 187,243 90
Par value of capital stock acquired under mutualization plan 97,700 00
Premiums reported to War Risk Insurance Bureau 554 55
Total ledger assets S613,045,780 62
NON-LEDGER ASSETS.
Interest and rents due and accrued _ _. 7, 904, 317 63
Due from other companies for losses or claims on policies of the company, reinsured 58,400 00
Net amount of uncollected and deferred premiums 8,464, 577 15
Gross assets $629,473,075 40
Deduct assets not admitted 2, 331 , 338 16
Total admitted assets $627,141,737 24
LIABILITIES.
•Net reserve $512,046,423 00
Extra reserve for total and permanent disability benefits and additional accidental death
benefits ._ 1 , 846, 677 00
Present value of amounts not yet due on supplementary contracts not involving life con-
tingencies 5, 150,597 00
Present value of amounts incurred but not yet due for total and permanent disability
benefits 497,422 00
Liability on policies cancelled upon which a surrender value may be demanded 54, 188 67
Total policy claims 5,948,690 80
Due and unpaid on supplementary contracts not involving life contingencies 3,774 38
Dividends left with the company to accumulate at interest and accrued interest thereon. . . 2,934,587 84
Premiums paid in advance including surrender values so applied 543,226 81
Unearned interest and rent paid in advance 2, 054, 584 04
Commissions to agents, due or accrued 208,448 12
Salaries, rents, office expenses, bills and accounts due or accrued 229, 883 61
Medical examiners' fees and legal fees due or accrued 20, 091 84
Federal, state, and other taxes due or accrued (estimated) 2,446,209 53
Dividends or other profits due to policyholders 1,345,916 82
Dividends declared on or opportioned to annual dividend policies payable during 1921 9,302,000 00
Dividends declared on or apportioned to deferred dividend policies payable during 1921 9,488,678 00
Amounts set apart and held awaiting apportionment on deferred dividend policies 46,882,132 00
Reserve for taxes on business of previous years not finally determined 1,067,439 44
Reserve for depreciation of foreign cash balances 1 , 070, 000 00
All other liabilities _. 700,024 71
Contingency reserve (Russian business) 165, 136 13
Accident and health department 675,273 62
Reserve for capital stock acquired under mutualization plan 32,200 00
Capital stock 100,000 00
Unassigned funds (Surplus) 22, 328, 131 88
Total liabilities $627,141,737 24
Exhibit of Poucies.
Ordinary. Group.
Number. Amount.
Issued during the year 138,701 $ 479,713,551
Terminated during the year 57, 690 170,400,055
In force at the end of the year 842,119 2,258,013,825
Number.
Amount.
360
$ 52,460,694
17
142,951,828
1,079
398,511, 14fi
*For basis of valuation see Miscellaneous Statement, Canadian business.
110 DEPARTMEST OF INSURANCE
11 GEORGE V, A. 1921
THE EXCELSIOR LIFE IXSURAXCE COMPAXY.
Statement for the Year ending December 31, 1920.
President, David Fasken, B.A., K.C. — Vice-Presidents, 1st, Alex. Fasken, B.A., 2nd, Joseph
WRKiHT — Secretary-Treasurer, C. P. Mvckle, A.A.S. — Managing Director, J. H. Black —
Assistant Manager and Actuarj-, T. A. Dark, A.I. A., F.A.S. — Head Office, '.M') Toronto St.,
Toronto, Ont.
{For List of Directors, sec Appendix.).
(Incorporated under "The Ontario Joint Stock Companies Letters Patent Act", Aug. 7,
1889. Commenced business, October 15, 1890).
CAPITAL STOCK
Authorized and subscribed -. $ 500, 000 00
Paid in cash 115,000 00
Premium on Capital Stock paid Vjy Shareholders 11, 182 50
(For List of Shareholders, see Appendix.)
SLTtfMARY BALANCE SHEET.
Assets. Liabilities.
Total ledger assets S 5,775,262 61 Total liabilities $ 5,420,817 39
Excess of assets over liabilities: —
Capital stock paid in
cash $ 115,000 00
•Surplus 659,141 07
774, 141 07
Non Ledger as.sets 419,695 85
Total assets S 6,194,958 46 Total $ 6,194,958 46
SYNOPSIS OF LEDGER ACCOUNTS.
As at December 31, 1919: — Decrease in Ledger Assets in 1920: —
Net and total ledger assets $ 5.179.060 77 Di-sbursements $ 1,003,144 18
Amount by which ledgerassets were
written down 6, 400 00
Total decrease 8 1,009,-544 18
Increase in ledger assets in 1920: — As at December 31, 1920: —
Income $ 1,605,746 02 Net and total ledgerassets $ 5,775,262 61
Total $ 6,784,806 79 Total $ 6,784,806 79
ASSETS.
Ledger Assets.
Book value of real estate, unencumbered, held by the Company {For details, see Schedule A)$ 980,301 51
Mortgage loans on real estate, first liens 2, 690, 205 45
Amount of loans as above on which interest has been overdue for one year or
more previous to statement $ 471,551 21
Amount secured by the Company's policies in force, the reserve on each policy
being in excess of all indebtedness: —
Loans to policyholders $ 522,092 72
Advances to policyholders under automatic non-forfeiture provisions 3,712 16
Premium obligations 427 98
526,232 86
Book value of bonds, debentures and debenture stocks owned by the Company {For details
see Schedule C) 1,554,2.52 19
Cash: At Head Office, $730; at Branches, $4,143.18; in banks, $4,198.73 (For details see
Schedule E) 9,071 91
All other ledger assets 15, 198 69
Total Ledger Assets $ 5,775,262 61
•Including $429,951 surplus contingently arportioned to dcfciied dividend policies issued prior to
Januarj- 1, 1911.
LIFE INSURANCE COMPANIES 111
SESSIONAL PAPER No. 8
The Excelsior Life — Continued.
ASSETS— Concluded.
Nun-Ledger Assets.
Interest, dividends and rents, due and accrued: —
Interest or dividends on — Due. Accrued.
Mortgages $ 100,399 40 $ 87,041 56
Bonds and debentures 15,880 27
Premium notes, policy loans and liens 106 70
Total interest $ 100,399 40 $ 103,028 53
Rents 345 00
Total interest, dividends and rents, due and accrued $100,744 40 $103,028 53
$ 203,772 93
Gross premiums, less reinsured: — First Year. Renewal. Industrial.
Due and uncollected $ 68,392 13 $140,108 11 $
Deferred 6,467 95 24,46172 545 00
Total $ 74,860 08 1164,569 83 $ 545 00
Deduct commissions and estmated loss in
collection 7,486 01 16,456 98 109 00
Net premiums due and uncollected, and de-
ferred $ 67,374 07 $148,112 85 $ 436 00
215,922 92
Total Non-Ledger Assets $ 419,695 85
Total Assets $6, 194,958 46
LIABILITIES.
Net liability under assurance, annuity, and supplementary contracts in force for payments
not due, dependent on life, disability or any other contingency or on a term certain
{See Statement oj Actuarial Liabilities) $ 5, 197, 877 00
Net liability for unadjusted payments due under contracts: — Death losses— ordinary,
$69,486'75; industrial, $354 69,840 75
Provision for unreported death losses and disability claims 5,000 00
Dividends left with the Company (arising out of assurance contracts) including interest
accumulations 75 08
Received from policyholders in advance: — Premiums — ordinary, $13,369.78; industrial,
$111 .50 13,481 28
Net profits allotted to deferred dividend policies issued on and after January 1, 1911 70, 760 00
Provincial, municipal and other taxes due and accrued 10,000 00
Dividends to shareholders due and unpaid 4, 600 00
Balance of shareholders' surplus account 15, 284 93
Salaries, rents and office expenses, due and accrued 375 00
Medical examiners' fees due and accrued, $911; legal fees due and accrued, $500 1,411 00
Advance payments other than from policyholders:^Interest 11,718 00
Investment reserve 20,394 35
Total Liabilities $ 5,420,817 39
SHAREHOLDERS' SURPLUS ACCOUNT.
Balance, Dec. 31, 1919 $
Interest added during 1920
Shareholders' proportion of profits: —
Participating account
16,068 28
Dividends to shareholders $
14,200 00
8,510 85
Proportion of expenses
530 17
Income tax
618 85
6,208 05
Shareholders' proportion of losses: —
On investments
3 47
Transferred to Investment Reserve
Fund
149 76
Balance, Dec. 31, 1920
15,284 93
Total $ 30,787 18 Total $ 30,787 18
INCOME.
First Year. Renewal. Single.
Assurance premiums $328,275 48 $1,001,478 96 $ *2,399 82
Less reinsurance premiums paid 13, 922 40 36,424 43
Total net premiums $314,353 08 $965,054 53 $ 2,399 82
$ 1,281,807 43
Total industrial premiums 1,221 57
Total net premium income $ 1,283,029 00
*Paid by application of assurance dividends.
112 DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
The Excelsior Life — Continued.
INCOME— Concii/ded.
Dividends left with the Company at interest (arising out of assurance contracts) $ 75 08
Interest, dividends and rents: —
Gross interest or dividends on —
Mortgages $ 155,398 07
Bonds and debentures (less $13,270.35 paid for interest accrued on bonds
acquired during year) 73, 821 32
Premium notes, policy loans and liens 34, 732 55
Total .$ 263,951 94
Gross rents for Company's property (including $8,000 for Company's
occupancy of its own buildings) less $52,908.83 for taxes, expenses and
repairs in connection with such properties 51, 257 25
Total interest, dirldends and rents 315, 209 19
Advances made to agents in previous years and recovered during the year 120 05
Income from all other sources: — Bank exchange, $32.63; call on capital, $5,000 5,032 63
Gross profit on .sale or maturity of ledger assets: — Real estate 2,280 07
Total Income $ 1,605,746 02
DISBURSEMENTS.
In respect of assurance contracts: — Death Matured Disability
Death, endowment and disability claims — Claims. Endowments. Claims.
Ordinary —
Amount assured $239,282 71 $ 64,125 00 $ 200 00
Bonus addition 400 00
Total $239,282 71 $ 64,525 00 $ 200 00
Less received for reinsured 11,000 00
Net total $228,282 71 $ 64,525 00 $ 200 00 $293,007 71
Industrial $ 1,375 00 $ 1,318 00 $ 2,693 00
Net surrender values 130,525 (J8
Net dividends —
In cash $ 53, 397 54
Left with the company at interest 75 08
Applied as single premiums: —
To purchase bonus addition $ 1,393 06
To purchase premium reduction 829 78
To shorten the endowment or premium period 176 98
2,399 82
Total net dividends 55,872 44
In respect of life annuity contracts: — Cash payments to annuitants 759 00
Total net disbursements in respect of assurance and annuity contracts S 482, 857 23
Net payments on supplementary contracts not involving life contingencies 733 66
Net reduction in premiums resulting from application of dividends 366 25
Interest or dividends to shareholders 14,000 00
•Taxes, licenses and fees (including taxes on investments but excluding taxes on real estate). 21,808 05
•Head office expenses; — Salaries, $49,103.24; directors' fees, 6,210; auditors' fees, $750;
travelling expenses, $155.80; rents, $8,000; miscellaneous, $1,776.92 ^... 65,995 96
•Branch office and agency expenses; — Assurance commissions — first year, $149,015.12;
renewal, $18,319.27; advanced to agents, 11,153.28; salaries, $136,918.06; travelling
expenses, $28,490.52; rents, $8, 126.21; miscellaneous, $15,257.90 357,280 .36
•All other expenses: — Advertising, $11,913.63; books and periodicals, $74.73; express, tele-
grams and telephones, $664.86; legal fees, $2,661.30; medical fees, $25,337.20; office
furniture, $1, 165.80; postage, $1,562.03; printing and stationery, $7,363.75; commissions
on loans, $3,564; appraisement expenses, $2,907.98; inspection of risks, $2,738.99 59,954 17
Gross loss on sale or maturity of ledger assets: — Bonds 148 50
Total Disbursements $ 1.003, 144 18
•Investment expenses included in these items: — .'-'alaries: Head Office, $710, Branch Offices,
$10,500 28; travelling expenses: Branch Offices, $772.55; taxes on investments, $626.50;
commissions on loans, $3,564; appraisement expenses, $2,607.98; rents, $946.04; directors'
fees, $1,000; miscellaneous, $1,629.28. Total investment expenses $ 22.656 63
LIFE INSURANCE COMPANIES
113
SESSIONAL PAPER No. 8
The Excelsior Life — Continued.
EXHIBIT OF ANNUITIES.
Life Annuities
Proper.
Arising out of Life Assurance Contracts
Total.
Classification.
Not involving Life
Contingencies.
Disability
Annuities.
No.
Annual
Payment.
No.
Annual
Payment.
No.
Annual
Payment.
No.
Annual
Payment.
At end of 1919
2
S
1,070
4
$ cts.
733 66
$
6
2
$ cts.
1,803 66
New issued
2
200
200 00
Totals
2
1,070
■4
733 66
2
200
8
2,003 66
Less ceased by: —
Death
1
570
1
570 00
At end of 1920
1
,500
4
733 66
2
200
7
1,4.33 66
EXHIBIT OF POLICIES (ORDINARY).
(For policies herein included involving disability benefits see Abstract.)
Ulasfeification.
Whole Life.
Endowment
Assurances.
T
?rm and
Other.
Bonus
lotals.
No.
Amount.
No.
Amount.
No.
Amount.
No.
Amount.
At end of 1919
17,056
4,139
187
103
23
$ cts.
27,137,520 00
9,195,444 00
341,500 00
.53,415 00
48,500 00
4,070
713
18
15
11
S cts.
5,600.022 00
1,218,698 67
26,500 00
13,613 00
24,000 00
295
86
1
955,000
354, 100
2,000
$ ' cts.
9,044 10
2,021 38
21,421
4,938
206
118
40
t cts.
33,701,586 10
New issued
Old revived
10,770,264 05
370,000 00
67 028 00
6
• 15,000
87,500 00
Totals
21,508
36,776,379 00
4,827
8,882,833 67
388
1,326,100
11,065 48
26, 723
44,996,378 15
Less ceased by: —
Death
110
194,638 00
37
43
56,865 00
66,12a 00
1
3,000
148
43
11
2
507
1,587
2.54,, i03 00
400 00
66 525 00
11
22,000
22,000 00
2,000 00
Disability
2
395
1,399
2,000 00
518,3.39 00
2,428,823 50
92,050 00
452,8.50 00
22,000 00
Surrender
Lapse
112
161
' ' ' .33
10
108,963 00
231,645 00
11,500 00
48,. 500 00
21,000 00
"27
lio^soo
45 00
627,347 00
2,770,968 50
103,550 00
Not taken
211
13
2
15
10,000
50,500
246
38
511 350 00
Transferred from
93,500 00
2,130
3,710,700 50
396
544,598 00
56
196,000
445 00
2,582
4,451,743 50
At end of 1920
19,378
33,065,678 50
4,431
6,338,235 67
332
1,130,100
10,620 48
24, 141
40,544,034 65
Reinsured
1,006,750 00
261,700 00
156,500
1,424,950 00
MISCELLANEOUS.
New policies issued and paid for in cash: — Number, 4,446; gross amount, $9,344,590; rein-
sured in other licensed companies, $404,250.
Claims reinsured: Death claims, $11,000.
Total amount in force divided as to dividend plan: — Quinquennial, $10,993,845. 15; deferred,
$21,904,361.50; non-participating, $7,646,428. Total $40,544,634 65
114
DEPARTMENT OF lySVRANCE
11 GEORGE V, A. 1921
The Excelsior Life — Continued.
EXHIBIT OF POLICIES (INDUSTRIAL).
Classification.
Whole Life.
Endowment
Assurances.
Totals.
No.
Amount.
No.
Amount.
No.
Amount.
At end of 1919
172
11
$
26.682
1.957
55
77
4
1
6,979
328
25
249
15
$
33,661
Old revived
2,285
Old increased
80
Totals
183
28,694
81
7,332
264
36.026
Less ceased by: —
Death
10
1,475
10
14
5
15
1,475
Maturity
14
1,129
1,129
Surrender
5
12
702
2,174
702
Lapse
3
290
2,464
Total ceased
27
4,351
17
1,419
44
5,770
At end of 1920
156
24,343
64
5,913
220
30, 256
STATEMENT OF ACTUARIAL LIABILITIES.
ASSCRANCE SeCHOX.
Class of Contract.
Gross in Force
Reinsured in
Companies licensed
in Canada.
•
Number.
Amount.
Reserve.
Amount.
Reserve.
Ordinary with Profits: —
Life
17,236
3,918
27
$ cts.
27,313,508 50
5,528,577 67
45,500 00
10,620 48
$
3,062,182
1,545,166
2,307
6,992
1,197
761
631
4,388
$
.595,750
171,700
53,671
Endowment Assurance
32,954
Term, etc
Bonus Addition
Premium Reduction
*Total Disability No. I
* " " II
* " " III
Totals
21,181
32,898,206 65
4,623,624
767,450
86, 625
Ordinary without Profits: —
Life
2,142
513
305
5,7.52,170 00
809,658 00
1,084,600 00
401.379
267. 769
7,916
109
247
562
411,000
90,000
156,500
26,711
Endowment Assurance
15,765
Term, etc
1,140
*Total Disability No. I ...
* " " II
* " " III
Totals
2,960
7,646,428 00
677,982
657,500
43,616
Industrial without Profits: —
Life
156
64
24,343 00
5,913 00
9,551
3,968
Totals
220
30,256 00
13,519
24,361
40,574,890 65
5,315,125
1,424,950
130.241
•For explanation see Miscellaneous Statement.
LIFE INSURANCE COMPANIES
115
SESSIONAL PAPER No. 8
The Excelsior Life — Continued.
STATEMENT OF ACTUARIAL LIABILITIES— Co«ci?«fe(Z.
Annuity Section.
Class of Annuity.
Gross in Force.
Number.
Annual
Payment.
Reserve.
With Profits:—
Supplementary Contracts— •
3
2
$ cts.
316 66
200 00
1 957
Disability Annuities \
1,548
Totals
5
516 66
3,505
Without Profits.—
Life Annuities Proper
Supplementary Contracts—
Not involving life contingencies
1
1
500 00
417 00
9,077
411
Totals , .
2
917 00
9,488
Grand Totals
7
1,433 66
12,993
SUMMARY OF RESERVE.
With Without Total.
Profits. Profits.
Total reserve, policy and annuity contracts $ 4, 627, 129 $ 700, 989 $ 5, 328, 118
Total reserve on reinsured contracts 86, 625 43, 616 130, 241
Total net reserve on the Company's basis of valuation $ 4, 540, 504 $ 657, 373 $ 5, 197, 877
Deduction therefrom permitted under Section 43 (3), Insurance
Act, 1917 (none made) ($ 154,208) ($ 44,536) ($ 198,744)
Net reserve carried in the liabilities $ 4,540,504 $ 657,373 $ 5,197,877
Netreserveestimatedon the statutory basis (without deduction).? 4,519,136 $ 654,279 $ 5,173,415
Reserve maintained by the Company in excess of the statutory
reserve 21,368 3,094 24,462
MISCELLANEOUS STATEMENT.
I. The calculation of the "Reserve" in the "Statement of Actuarial Liabilities." —
(1) General principles: —
The valuation was based on the Hm. 3|% table; in addition, for those policies (issued from 1910
inclusive) which guarantee at the end of 20 years a surrender value equal to the Hm. 3% reserve a special
reserve is held sufficient to provide for those guarantees valued as pure endowments.
Assurances were grouped according to years of issue and by office age at issue for each plan of insurance.
The office age at entry is at present "age nearest birthday" but prior to April 1st, 1915, the office age was
"age next birthday."
Annuities were valued individually.
The valuation age for assurances was taken as office age at date of issue, duration n+| where n equals
the difference between the valuation year and the year of issue. The valuation was made from tables
of "mid-year" reserves calculated according to the "net premium" method.
Special classes: —
(a) Policies issued on lives resident in tropical or sub-tropical countries at rates of premium greater
than the regular Canadian rates were valued as though issued at ordinary rates.
(b) Policies issued at premiums corresponding to ages higher than Ihe true ages were valued as at
the higher ages.
(c) Policies providing for payment at death during certain periods of an amount less than the full
amount of assurance were valued for the full sum assured.
(d) Policies issued at, or subsequently subject to an extra premium whether payable in one sum or
annually, were valued as though issued at ordinary rates.
(e) Policies otherwise issued on substandard lives are valued as though issued at regular rates oi
on standard plans.
116 DEPARTMEyT OF INSURANCE
11 GEORGE V, A. 1921
The Excelsior Life — Cotitinued.
MISCELLANEOUS STATEMENT— Concltided.
<f) The Company has three forms of total and permanent disability contracts numbered I, II, and
III, giving various benefits in case of the disability occurring before age GO. No. I, which provides for
waiver of premium only is no longer issued; No. II provides for waiver of premium, and if it is so desired,
the payment of the face of the policy in ten equal annual instalments; No. Ill provides for waiver of
premium and the payment of instalments of ten dollars per month till death or maturity for each one
thou.sand dollars insured.
Before the occurrence of disability, for disaVjDity I and II a reserve equal to the total annual premiums
received for such disability benefits is maintained, while for disability III there is held a reserve equal
to one-half the total disabilitj- premiums received since issue.
After the occurrence of disability, policies are treated as paid-up with respect to reserve held.
(g) The Company has issu^ no annuities on lives classed as under average.
(2) Items of Special Resene: —
fa) No reserve is held under limited and single premium policies on account of prepaid or limited
loadings, and no additional reserve is made under immediate annuities to cover future expenses.
(b) Where the guaranteed benefit erceeds the net premium resers'e, the excess is treated as a pure
endowment and a sufficient additional reserve maintained to provide therefor.
(c) No extra reserve in excess of the cash surrender value is held on account of lapsed policies, not
continued^ in force under automatic non-forfeiture provisions, but being subject to reinstatement.
(d) No extra reserve is carried to cover the option of renewal under term policies.
(e) No extra reserve is carried to cover the option of conversion, either during a fixed term or at the
end thereof, into higher premium policies, the premium on the new policy being fixed (1) as at original
age at entry (2) as at age attained at date of conversion.
CO No other special reserves are held.
II. Guaranteed values given in special classes of policies. I. (1) (o) to (/) above.
I. (1) (a) and (d) are treated as if issued at ordinary rates;
I. (1) (b) Values given for age at which policy issued ;
I. (1) (c) Values given are the same as those in policies without liens;
I. (1) (e) The regular values are given for the age and plan. Where policyholder is required
to'take the cash or annuity option at the end of a certain period, extended term insurance is not granted.
I- (1) if) (1) Before occurrence of disability regular surrender values given.
I. (1) (J) (2) After occurrence of disability, in case of total disability benefit No. II where face
of policy is paid in instalments, .surrender values are reduced in accordance with the amount of the
instalments paid. In case of total disability I and III, there is no reduction in surrender valiues.
III. The average rate of interest earned during the year on the mean net ledger as.sets was 6-87 per
cent.
IV. Distribution of Surplus. —
(a) Divisiox OF Surplus between Policyholders and Shareholders.
The Shareholders' Fund at the beginning of the year is credited with interest at the net rate earned
and also with 10 per cent of the profits to be distributed during the year (the remaining 90 per cent belong-
ing to the policy holders). At the option of the Directors any profits on non-participating business may
also be transferred to the Shareholders' Fund. The Fund is charged with all payments to shareholders,
with any losses on non-participating business, and its proportion of any losses which may be sustained
on investments.
(b) DiSTRiBunox or Profits to Policyholders.
Quinquennial Dividend.-i.
The dividends for the first, second and third quenquennial periods were computed in the same manner
as deferred dividends. The quinquennial dividends for other periods were computed by a compound
reversionary bonus system now discontinued.
Deferred Dividends.
The deferred dividends were computed by a modified "asset share" method by which a certain
percentage of the premium was deducted for expen.ses, the percentage varying with the plan and, except
for endowments of specified terms, with the age also. On the Ordinary Life Plan the percentage decreased
regularly from 25 per cent at age 20 to 11 per cent at age 90. In the case of Endowment policies the per-
centages for all ages increased regularly from 13 to 21 per cent, being 13 per cent for all Ten- Year Endow-
ment policies and 21 per cent for all Fifty- Year Endowment policies. For Limited Payment Life policies
the percentage taken was the mean between the Ordinarj' Life rate at the same age and the rate for an
Endowment Assurance of the same premium paying period. From age 20 to age 49 the mortality allowed
was 75 per cent of the expected ; ftom age 50 the percentage was graded to reach 90 per cent of the expected
at age 69. Interest was computed at 5 per cent throughout. A valuation of the Deferred Dividend policies
was then made on the basis of these "standard asset shares," the total compared with the actual funds
at the credit of these policies, and by this means the fund at the credit of each individual policy was ascer-
tained.
Conversion into premium reduction, paid up insurance, reduction of premium term, reduction of
endowment period, etc., is effected on a net Hm. 3J per cent basis.
(c) Participating annuities are not issued.
LIFE INSURANCE COMPANIES
117
SESSIONAL PAPER No. 8
The Excelsior Life — Conlinued.
DEFERRED DIVIDEND POLICIES.
Issued prior to Janlary 1, 1911 and Amount of Profits contingently apportioned thereto.
Year
of
issue.
1890. .
1891..
1892. .
1893. .
1894..
1895..
1896. .
1897..
1898..
1899..
1900..
Total
Net amount
in force.
I 1,000
23,000
19,500
16,000
10,000
22,000
15,000
11,000
7,500
3,500
58,500
Profits
contingently
apportioned.
I 138
3,504
2,990
1,922
1,071
2,693
1,476
958
987
249
9,990
Year
of
issue.
1901..
1902,.
1903..
1904..
1905..
1906. .
1907..
1908..
1909..
1910..
Total
Net amount
in force.
i 218,841
230,048
359,612
350,328
479,824
437,016
550, 138
631,308
603,046
670,516
Profits
contingently
apportioned.
{ 37,118
36,010
48,915
41,024
47,038
42,794
42,123
43,716
36,133
29, 102
Totals $ 4,717,677 $
Issued on and after January 1, 1911, and Amount of Profits credited thereto.
Year Total Net
of amount Profits
issue. in force. credited.
1911 $ 811,7.50 00 $ 22,908
1912 875,600 00 17,727
1913 1,206,750 00 14,596
1914 1,271,226 00 9,653
1915 1,207,152 00 5,876
1916 2,058,438 00 Nil.
Year
Total Net
of amount
issue. in force.
1917 $ 2,156,170 00
1918 1,954,530 50
1919 2,609,339 00
1920 3,035,729 00
Totals $17,186,684 50 $
Schedule A.
Real estate —
Alberta — Actual cost.
Macleod, part Lot 24 on N.S. 24th St., west
of 5th Ave $ 7, 109 06
Medicine Hat, one parcel 3, 560 74
Rural property, one parcel 936 66
Ontario —
Toronto, Head Office Bldg., 36 Toronto St.. . 949,927 25
Saskatchewan —
Manor, one parcel 8,710 25
Prince Albert, lots 1 and 2, blk. 27, plan P 5,939 40
Prince Albert, two other parcels under $7,400
market value 5,211 75
Rural property, five parecis, none exceeding
$3, 200 market value 6, 606 40
Book value.
$ 7, 109 06
1,160 74
936 66
Department's
value.
$ 18,000 00
1,160 74
1,465 00
949, 927 25 949, 927 25
3,410 25
5,939 40
5,211 75
6,606 40
3,410 25
14, 100 00
10,015 00
13,860 00
429,951
Profits
credited.
$ Nil.
Nil.
Nil.
Nil.
70, 760
$ 988,001 51 $ 980,301 51 $1,011,938 24
Schedule C.
•Bonds and debentures — Department's
Governments — Par value. Book value. value.
Canarfa— Victory Loan $1,005,500 00 $1,002,500 00 $1,002,500 00
Provinces of Canada —
Alberta— Debentures 16,546 66 12,26107 12,26107
Manitoba— Debentures 35,840 00 28; 084 87 28,084 87
New Brunswick— Debentures 20,000 00 17,600 00 17,600 00
Ontario— Debentures 25, 000 00 23, 250 00 23, 2.50 00
Quebec— Inscribed stock 26,280 00 20,902 32 20,902 32
Saskatchewan— Bonds 77,253 33 72,886 75 72,886 75
$1,206,419 99 $1,177,485 01 $1,177,485 01
Cities —
Manitoba —
Brandon $ 25,000 00 $ 22,294 60 $ 22,29160
Winnipeg 25,000 00 24,30115 24,30115
New Brunswick— St. John 10, 000 00 8, 600 00 8, 600 00
Ontario —
Belleville 10,000 00 9,800 00 9,800 00
Brantford 19,000 00 16,644 80 16,644 80
*0f which are on deposit with Receiver General: — Dom. of Canada Victory Loan, $5,000; Prov. of
New Brunswick, $20,000; City of Belleville, $10,000; City of St. John, $10,00"0; County of Middlesex.
$15,000.
t18 DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
Thk B^xcelsior Life — Conchidcd.
Schedule C — Concluded.
Bonds and debentures — Concluded.
Ci<t>6— Concluded. Derartmcnt's
Ontario — Concluded. Par value. Book value. value.
Gait % 25,000 00 $ 20,740 00 % 20,740 00
Guelph 50,000 00 43,769 00 43,769 00
Hamilton 25,000 00 21,015 65 21,015 65
Ottawa 17,000 00 13,989 55 13,989 55
St. Catharines 17,400 00 17,400 00 17,400 00
Toronto 29,200 00 27,156 00 27,156 00
$252,600 00 $225,710 75 $225,710 75
Townships, Dislricts or Municipalities —
Manitoba— Woodworth $ 46, 728 13 $ 42, 198 33 $ 42, 198 33
Ontario —
Toronto 11,219 38 9,746 22 9,746 22
Trafalgar 16,966 10 16,604 84 16,604 84
$ 74,913 61 $ 68,549 39 $ 68,549 39
County —
On/ano— Middlesex $ 15,000 00 $ 13,650 00 $ 13,650 00
Rural Telephones, Saskatchewan —
Alpha $ 4,800 00 $ 4,956 96 $ 4,956 96
Femley 10,400 00 10,556 32 10,5.56 32
Kerrobert, southern 4,200 00 4,200 00 4,200 00
Killaley - 9,300 00 9,60116 9,60116
Krydor 15,000 00 15,000 00 15,000 00
$ 43,700 00 $ 44,314 44 $ 44,314 44
Railway —
Toronto, Grey and Bruce Ry. (g'teed by
Canadian Pacific Ry.) perpetual, 4 p.c I 39,906 66 $ 24,542 60 $ 24,542 60
$1,632,540 26 $1,554,252 19 $1,554,252 19
Schedule E.
Cash in banks —
Canadian Bank of Commerce — Dresden $ 30 37
Oshawa 561 16
Bank of Hamilton— Brantford 1,428 94
Imperial Bank of Canada — Davisville 691 00
Merchants Bank of Canada — Hanover 368 35
Niagara FalLs 1,484 00
Bank of Montreal — Newmarket 1 , 127 47
Bank of Nova Scotia — Peterborough 2, 200 57
La Banque Nationale— Baie St. Paul 838 00
Royal Bank of Canada — Halifax 5, 143 51
Owen Sound : 1,046 81
• St. John 3, 198 23
Bank of Toronto— Barrie 490 49
Brockville 292 13
Edmonton 3, 557 60
Hamilton 2, 411 39
London 4,891 28
Montreal 7, 171 27
Vancouver 2. 139 42
Winnipeg 5, 629 36
Union Bank of Canada — Calgary 7, 009 65
Orillia 670 90
Ottawa 1 , 581 54
Regina 4,089 94
Saskatoon 7,874 19
Winnipeg 14, 993 29
$ 80,920 86
Less overdraft at Bank of Toronto — Toronto 76, 722 13
$ 4,198 73
LIFE INSURANCE COMPANIES 119
SESSIONAL PAPER No. 8
THE GREAT-WEST LIFE ASSURANCE COMPANY.
Statement for the Year ending December 31, 1920.
President, Alexander Macdonald — Vice-Presidents; G. F. Galt, R. T. Riley, Sir A. M.
Nanton — General Manager, C. C. Ferguson, A.I.A., F.A.S. — Secretary, Arbttckle
Jardine — Actuary, F. D. MacCharles, M.A., F.A.S. — Head Office, Winnipeg, Manitoba.
{For List of Directors see Appendix.)
(Incorporated August 28, 1891 by 54-55 Vic. Cap. 115. Commenced business August 18, 1892).
CAPITAL STOCK.
Authorized and subscribed $ 1,000,()00 00
Paid in cash 998,087 50
Premium on Capital Stock paid by Shareholders 55,428 75
{For List of Shareholders see Appendix.)
SUMMARY BALANCE SHEET.
Assets. Liabilities.
Total ledger assets $ 34,902,623 02 Total liabilities $ 32,714,602 36
Non-ledger assets 2,480,023 97 Excess of assets over liabilities: —
Capital stock paid
in cash $ 998,087 50
♦Surplus 3,669,957 13
4,668.044 63
Total assets 837,382,646 99 Total $37,382,646 99
SYNOPSIS OF LEDGER ACCOUNTS.
As at December 31, 1919: — Decrease in ledger assets in 1920: —
Net ledger assets $29,209,012 21 Disbursements $ 5,549,679 19
Bank overdraft 131,834 30
Total ledger assets $29,340,846 51
Increase in ledger assets in 1920: — As at December 31, 1920: —
Income $10, 155,046 41 Net ledger assets $.33,818,021 03
Amount bv which ledger assets Borrowed money 600,000 00
were written up 3, 641 60 Bank overdraft 484, 601 99
Increase in borrowed money 600,000 00
Increase in bank overdraft 352, 767 69
Total increase $11, 111,455 70 Total ledger assets $34,902,623 02
Total $40,452,302 21 Total $40,452,302 21
ASSETS.
Ledger Assets.
Book value of real estate, unencumbered, held by the Company {For details see Schedule A) . .$ 613,003 52
Mortgage loans on real estate, first liens 17, 751, 775 87
Amount of loans as above on which interest has been overdue for one year or more previous
to statement $ 456,978 04
Amount secured by the company's policies in force, the reserve on each policy being in
excess of all indebtedness: —
Loans to policyholders $ 3, 849, 062 20
Advances to policyholders under automatic non-forfeiture provisions 567,820 49
4,416,882 69
Book value of bonds, debentures and debenture stock owned by the Company {For details
see schedule C) 11,186,985 04
Book value of stocks owned by the Company {For details see schedule D) 891,284 12
Cash: At head office, $1,. 301. 55; in hanks, Ul,l9iA5; {For details see schedule E) 42,496 00
All other ledger assets: — Reversions 196 05
Total Ledger Assets $34, 902, 623 02
♦Including $2,471,125 surplus contingently apportioned to deferred dividend policies issued prior to
Janua'-y 1, 1911.
11 GEORGE V, A. 1921
120 DEPARTMENT OF INSURANCE
The Great-West Life — Continued.
ASSETS— Concluded.
Non-Ledger Assets.
Interest or dividends on — Due. Accrued.
Mortgages -S 275,777 20 $ .527,270 2.5
Bonds and debentures 10,248 17 227,7.36 85
Stocks 1 2 , 623 00
Premium notes, policy loans and liens 107, 530 38
Total interest % 286,025.37 $ 875,160 48
$1,161,185 85
Gross premiums, less reinsured: — First Year. Renewal.
Due and uncollected $ 293,800 11 $ 1,090,010 02
Deferred 18,663 09 67,919 81
Total $ 312,463 20 $ 1,157,929 83
Deduct commissions and estimated loss in collection... . 93,671 36 57,883 55
Net premiums due and uncollected and deferred $ 218,791 84 $ l,10o,046 28
1,318,838 12
Total Non-Ledger Assets $ 2,480,023 97
Total Assets $37,382,646 99
LIABILITIES.
Net liability under assurance, annuity, and supplementary contracts in force for payments
not due, dependent on life, disability or any other contingency or on a term certain
{See statement of Actuarial Liabilities) $29, 431 , 696 00
Net surrender values claimable under cancelled contracts 2,026 05
Net liability for payments due under contracts:- — Death losses — unadjusted, $217,950.40;
resisted, in suit, $2,000 219, 950 40
Provision for unreported death losses and disability claims 25, 000 00
Amounts left with the Company (arising out of assurance contracts) including interest
accumulations:— Dividends, $876,773; amounts assured, $69,325 946,098 GO
Received from policyholders in advance:— Premiums, $32,928.05; interest, $50,431.24 83,359 29
Net dividends to policyholders due and unpaid 4,020 95
Premium reductions on outstanding premiums and annuity consideration 7,915 05
Net profits allotted to deferred dividend policies issued on and after January 1, 1911 379,070 00
Provincial, municipal and other taxes due and accrued 150,372 17
Dividends to shareholders due and unpaid 74,856 57
Balance-of shareholders' surplus account 28, 188 49
Commissions to agents due and accrued 19, 916 79
Advance payments other than from policyholders: — Interest 38 10
Borrowed money 600, 000 00
Bank overdrafts 484, 601 99
Contingency reserve 250, 000 00
All other liabilities due and accrued: — Directors' fees, $4,992.51; auditors' fees, .$2,500 7,492 51
Total LiabiUties $32, 714, 602 36
SHAREHOLDERS' SURPLUS ACCOUNT.
Balance, December 31, 1919 $18,750 09 Dividends to shareholders $149,595 34
Interest added during 1920 63,758 63 Income tax 19,204 09
Shareholders' proportion of profits: — Balance, December 31, 1920 28, 188 49
Participating account 114,479 20
Total $196,987 92 Total $196,987 92
INCOME.
First Year. Renewal. Single.
Assurance premiums $1,794,963 48 $6,156,068 13 *S115,709 25
Less reinsurance premiums paid 11,790 56 42,550 48
Total net premiums $1,783,172 92 $6,113,517 65 $115,709 25
5,012,399 82
Consideration for annuities, first year 3, 909 40
Total group premiums 5,096 82
Total net premium Income and consideration for annuities $ 8,021,406 04
Consideration for supplementary contracts: —
Involving life contingencies, .$6,108.75; not involving life contingencies, $39,955.05 46,063 80
Amounts left with the C'ompanv at interest (arising out of assurance contracts): —
Dividends, $129,456.75; amounts as.sured, $8,580.55 138, 037 30
•Including $108,016.25; single premiums paid by application of assurance dividends.
LIFE INSURANCE COMPANIES 121
SESSIONAL PAPER No. 8
The Gkeat-West Life — Continued.
INCOIAB— Concluded.
Interest, dividends and rents: —
Gross interest or dividends on —
Mortgages. $1,041,650 38
Bonds and debentures 530, 697 84
Stocks 58,816 50
Premium notes, policy loans and liens 232, 613 05
Total $1,863,777 77
Gross rents for Company's property (including $34,200 for Company's
occupancy of its own buildings) less $30,789.43 for taxes, expenses
and repairs in connection with such properties 9,410 57
Total interest, dividends and rents $ 1,873, 188 34
Income from all other sources: —
Exchange 5, 328 72
Calls on Capital Stock. 1,822 50
Gross profit on sale or maturity of ledger assets: —
Real estate, $11,804.30; bonds, $47,637.75; stocks, $9,757.66 69, 199 71
Total Income $10, 155,046 41
DISBBURSEMENTS.
Death Matured Disability
In respect of assurance contracts: — Claims. Endowments. Claims.
Death, endowment and disabilitv claims —
Amount assured $1,151,871 90 $184,409 95 $848 90
Bonus addition 7, 576 00
Total $1,159,447 90 $184,409 95 $848 90
$1,344,706 75
Net surrender values 582, 633 48
Net dividends —
In cash $426,784 33
Left with the company at interest 129 , 456 75
Applied as single premiums: —
To purchase bonus additions $62, 343 30
To purchase premium reduction 45,672 95
$108,016 25
Total net dividends 664,257 33
In respect of life annuity contracts:— Cash payments to annuitants 11,425 37
Total net disbursements in respect of assurance and annuity contracts.. $ 2,603,022 93
Net paj'ments on supplementary contracts: —
Involving life contingencies, $2,440.75; not involving life contingencies, $23,131.90 25,572 65
Net reduction in premiums resulting from application of dividends 47,830 51
Amounts left with the company and interest accumulations withdrawn: —
Dividends, $9,531.80; amounts assured, .$9,099.73 18,631 53
Interest or dividends to shareholders 149, 376 60
*Taxes, licenses and fees (including taxes on investments but excluding taxes on real estate) 148,176 51
*Head office expenses: — Salaries, $433,455.45; directors' fees, $7,910; auditors' fees, $2,000;
travelling expenses, $4,652.63; rents, $40,2.56.18 ^ 488,274 26
*Branch office and agency expenses: — Assurance commissions — first year, $1,207,880.46;
renewal, $110,377.79; advanced to agents, $23,618.99; salaries, $225,683.90; travelling ex-
penses, $5,860.43; rents, $18,818.37; agents balances withdrawn, $1,304.07; agency expenses,
$13,842.21; inspectors' expen.ses, $13,086.99 1,620,473 21
*A11 other expenses: — Advertising, $26,836.27; books and periodicals, $1,768.03; express, tele-
grams and telephones, $11,210.81; legal fees, $1,986.61; medical fees, $145,665.40; office
furniture, $26,785.46; postage, $28,190.90; printing and stationery, $86,973.62; commis-
sions on loans, $22,510.33; appraisement expenses, $47,251.46; staff insurance, $5,924.25;
patriotic funds, $1,500; miscellaneous, $41.717.85 448,320 99
Total Disbursements $ 5,549,679 19
•Investment expenses included in these items: — Salaries: Head Office, $46,970.34; taxes on investments,
$2,274.85; commissions on loans, 822,510.33; appraisement expenses, $47,251.46; rents, $4,000; director's
fees, $1,410; auditors' fees, $800; stationery and printing, $3,500; postage, $2,500; express, telegrams
and telephones, $500 Total investment expenses $131, 716 98
122
DEPARTMENT OF IXSVRANCE
11 GEORGE V. A. 1921
The Great-West Life — Conlinued.
EXHIBIT OF ANNUITIES.
Arising out of Life Assurance Contracts.
Classification.
Life
Annuities
Proper.
Involving
Life Con-
tingencies.
Not involving
Life Con-
tingencies.
Disability
Annuities.
rotals.
No.
Annual
Payment.
No.
Annual
Payment.
No.
Annual
Payment.
No.
Annual
Payment.
No.
Annual
Payment .
At end of 1919
39
3
$ cts
11,822 34
765 00
14
1
% cts.
2,492 00
301 80
33
4
$ cts.
11,962 57
2,350 00
968 33
100 00
6
4
% cts.
4.33 45
370 25
92
12
$ cts
26,710 36
3,787 05
968 33
1
1
100 00
Totals
42
12,587 34
15
2,793 80
38
15,380 90
10
803 70
105
31,565 74
Less ceased by:-
Death
4
402 50
2
1
200 00
100 00
6
1
1
1
1
602 50
100 00
144 60
144 60
Recovery from disability
1
50 00
50 00
1
100 00
100 00
Total ceased
4
402 50
4
400 00
144 60
1
50 00
10
997 10
At end of 1920
38
12, 184 84
11
2,393 80
37
15,236 30
9
75.3 70
95
30.568 64
EXHIBIT OF POLICIES (ORDINARY).
(For policies herein included involving disability benefits see Abstract).
Classification.
Whole Life.
Endowment
Assurances.
Term and Other.
Bonus
Additions
Totals.
No.
Amount.
No.
Amount.
No.
Amount.
No.
Amount.
\t end of 1919
86,740
21,742
749
8
218
$
173,399,030
51,928,723
1,784,829
817,517
876,612
11,278
2,421
104
6
70
%
17,470,207
4,253,016
174,242
54,706
291,500
3,551
861
64
1
28
$
19,066,880
3,854,895
252,404
557,258
103,500
624,159
130,891
578
3
101,569
25,024
917
15
316
S
212,560,276
60,167,525
Old revived
2,212,053
1,429,484
1,271,612
Totals
109,457
230,806.711
13,879
22,243,671
4,505
23,834,937
755,631
127.841
277,640,950
Leaa ceased by: —
Death.
435
918,621
72
129
121,642
186,575
28
160,616
5.254
76
535
129
106
5
1,268
5,249
9
1,477
315
1,206,133
186,651
106
454,361
454,361
5
1,121
4,569
7
1,320
86
5,500
1,887,419
9,215,283
982,937
3,583,729
264,138
5,500
146
408
1
133
84
267, 160
590,263
26,386
328,175
163,000
1
272
1
24
145
2,000
1,049,-559
58,810
113.000
811,558
9,887
2,166,466
Lapse
10,855,105
1,068,133
4,024,904
Transferred from
1,238,696
Total cea-sed... .
7,543
16,857,627
973
1,683,201
577
2,649,904
15,217
9,093
21,205,949
At end of 1920
101,914
213,949,084
12,906
20,560,470
3.928
21,185,033
740,414
118.748
256,435,001
1,340,517
83,000
352,729
2,294
1,778.540
MISCELLANEOUS.
New policies issued and paid for in cash:— Number. 23,023; gross amount. $52,433,583; reinsured in other
liceased companies, $347,980.
Total amount in force divided as to dividend plan:— Annual, $9,404,539; quinquennial. $128,884,074; deferred,
$79,934,203; tonuses, $740,414; Dominion Safety Fund policies, $73,500; special paid-up, $229,300; con-
tingent additions, $5,947,758; non-participating, $31,221,213. Total $256,435,001
SFSSIONAL PAPER No. 8
LIFE INSURANCE COMPANIES
The Great-West Life — Contintied.
EXHIBIT OF POLICIES (GROUP).
123
Term.
•
Number
of
Policies.
Number
of
Employees
Amount
Assured.
New policies issued
2
389
192
411 500
New employees insured during 1920 under policies after date of
original issue
101 600
Increase in insurance on individual lives
22,900
Total
2
581
536,000
Less ceased: —
Employees —
By termination of employment —
Without conversion
167
120,750
At end of 1920
2
414
415.250
STATEMENT OF ACTUARIAL LIABILITIES.
Assurance Section.
Class of Contract.
Gross in Force.
Reinsured in Com-
panies licensed in
Canada.
Number.
Amount.
Reserve.
Amount.
Reserve.
Ordinary with Profits: —
Life....
97,647
11,624
595
$
199,079,473
17,733,474
7,660,427
740,414
(34,331 27)
$
21,628,810
4,501,049
488,257
374,908
126,166
$
866,037
50,000
74,286
2,294
$
71,019
Endowment assurance
16,550
Term , etc
3 486
Bonus addition
1,440
Premium reduction
Totals
109,866
225,213,788
27,119,190
992,617
92,495
Ordinary iviihout Profits: —
Life
4,267
1,282
3,333
14,869,611
2,826,996
13,524,606
(1,411,154)
1,564,728
507,118
108,040
(22,579)
474,480
.33,000
278,443
29,888
Endowment assurance
2,487
Term, etc
3,379
*Life (included above)
Totals
8,882
31,221,213
2,179,886
785,923
35,754
Group with Profits: —
Term, etc
2
415,250
291
Grand Totals
118,750
256,850,251
29,299,367
1,778,540
128,249
*Amount of insurance issued since .lanuary 1, 1911, with premiums less than 102-5 per cent of OM (5)
3^ per cent net premiums, and additional reserves thereon required by Sec. 103 (3) of Insurance Act, 1917.
124
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
The Great-West Life — Continued.
STATEMENT OF ACTUARIAL LIABILITIES— Conduced.
Annuity Section.
Gross in Force.
Number.
Annual
Payment.
Reserve.
With Profits:—
Supplementary contracts: —
Involving life contingencies
11
37
9
1 cts.
2,393 80
15,236,-30
753 70
19,400
135,845
11 107
Not involving life contingencies
Dif»?^.hilit.y anniiit.ips
Totals
57
18,383 80
166,352
Without Profits:—
Life annuities proper
38
12,184,84
94,226
Grand Totals
95
30,568 64
260 578
SUMMARY OF RESERVE.
With
Profits.
Total reserve, policy and annuity contracts S 27,285,833
Total reserve on reinsured contracts 92, 495
Total net reserve on the Company's basis of valuation $ 27,193,338
Deduction therefrom permitted under Section 43 (3), Insurance
Act, 1917 (none made) ($1,010,282)
Net reserve carried in the liabilities $ 27, 193, 338
Net reserve computed on the statutory basis (without deduction)S 26, 970, 838
Reserve, maintained by the Company in excess of the statutory
reserve 222, 500
Without Total.
Profits.
S 2,274,112 $29,559,945
35,754 128,249
$ 2,238,358 $ 29,431,696
($140,856) ($1,151,138)
$ 2,238,358 $ 29,431,696
$ 2,238,358 $ 29,209,196
222 500
MISCELLANEOUS STATEMENT.
I. The calculation of the "Reserve" in the "Statement of Actuarial Liabilities" —
(1) Policies were valued in groups. Annuities were valued individually. All policies alike in respect
to age at entry, plan, and year of issue formed a group. Age at entry for valuation purposes is the same as
age used in determining premiums. Assurances were valued using tables of mid-year policy values by
full net level premium method. Annuities were valued as at nearest attained age. In calculation of the
reser\-e the following taVjles of mortality and rates of interest were used :
1. Life Annuities: The British Offices' Select Life Annuity Table, 1893, 3^ per cent interest.
2. Deferred Dividend Policies amounting to $57,407,770: The Om (5) Table with 3 per cent interest.
3. Quinquennial and Annual Dividend Policies amounting to $9,705,253, with guarantees based on the
American 3 per cent table; The Am 3 per cent table.
4. All other Insurances: The Om (5) table with 3§ per cent interest.
Special Classes —
(o) No tropical or sub-tropical business transacted.
(6) No policies issued at premiums for ages higher than the true ages.
(c) Liens were disregarded in valuation.
(d) Extra premiums were disregarded in valuation.
(e) No policies issued to sub-standard lives except those subject to lien or extra premium.
if) For policies providing for waiver of premiums or payment of amount insured in instalments on occur-
rence of disability the following additional reserves per $1,000 were held (before occurrence of disability) : —
15 conts for durations J and 1^, 20 cents for durations 2|, 3^, and 4^; 25 cents for durations 5^, 6^, and 7J;
and 30 cents for durations 85 and 9^ years. After disability policies were valued on the same basis as
though they had become paid-up through the completion of premium payments in the ordinary way.
For policies providing waiver of premiums and a monthly income on occurrence of disability with pay-
ment of amount insured at death, an average reserve of -SI per $1,000 for duration §; $1.50 for duration
IJ, and $2.25 for duration 2§ was held on all plans and for all ages before occurrence of disability.
(g) No annuities were issued to lives classed as under average.
(2) Items of Special Reserve —
(a) Reliance is placed upon the larger margin between the actual and assumed rates of interest as a
substitute for a reserve on account of prepaid or limited loadings on insurances and annuities.
LIFE INSURANCE COMPANIES
125
SESSIONAL PAPER No. 8
The Great-West Life — Continued.
MISCELLANEOUS STATEMENT— ConcZWcd.
(6) No excess guarantees assumed to exist except in respect to a small group where special reserves
(on pure Endowment basis) were held.
(c) No reserve considered necessary to cover the option of reinstatement since it is safe to assume
that a larger number of policies will lapse in the ensuing year than will be reinstated.
(d) and (e) No special reserve held to cover the option of renewal under renewable term policies nor
of conversions into higher premium plans.
II. No adjustments were made in guaranteed values on account of liens or extra premiums.
III. The average rate of interest earned during the year on the mean net ledger assets was 7-2 per cent.
IV. The Distribution of Surplus —
(a) Shareholders receive one-tenth of profits set aside for distribution; policyholders the balance.
(b) In the distribution of profits the Company uses a table of annual dividends in the form of pure
endowments maturing on the profit due dates and computed by a contribution formula involving four
factors, viz.: — Interest, Mortality, Loading and Withdrawals. For Interest a net rate of 6 per cent is
assumed. For Mortality it is assumed that 75 per cent of the O (m) mortality applies for all ages less than
36; after age 35 the percentage increases one point for each additional age until a maxiinum of 100 per cent
is attained at age 60. For Loading an expense rate of 10 per cent is assumed for all renewal premiums. For
first year premiums the expense rate varies with each plan and age. For example for ages 25 to 51 the rate
for ordinary life varies from 122 per cent to 88 per cent; for 20 Payment Life from 105 per cent to 84 per cent;
and for 20 Year Endowment from 88 per cent to 80 per cent. The Withdrawal factor is assumed to apply
only during the first seven years of the policy, the rates assumed varying with the duration from 18 per cent
to 1 per cent for all ages up to 47, after which they decrease slightly.
These pure endowments are set aside annually and added to the previous allotments similarly made.
In the case of annual and quinquennial policies, the table of pure endowments, for the first ten j^ears dura-
tion, is not bas.ed upon the exact earnings of each year, but upon a graduation of the total earnings of the
ten year period. Cash dividends are converted into paid-up insurances or premium reduction by the Hm
31 per cent table or if retained by the Company are accumulated at the net rate of interest earned.
(c) No participating annuities issued.
DEFERRED DIVIDEND POLICIES.
Issued prior to January 1, 1911, and Amount of Profits ontiiige.ntly apportioned thereto.
Year of Issue.
1898.
1899.
1900.
1901.
1902.
.1903.
Total Net
Amount
in Force.
I 2,000
5,000
3,000
1,045,022
1,160,346
1,210,564
1904 1,434,952
Profits
Contingently
Apportioned.
$ 486
1,746
413
308,040
277,330
293,343
314,658
Total Net
Year of Issue. Amount
in Force.
1905 1 1,664,106
1906.
1907.
1908.
1909.
1910.
1,523,668
1,515,894
1,659,076
1,745,569
2,032,859
Profits
Contingently
Apportioned.
$ 315,048
244,923
204,682
193,223
165, 178
152,055
Totals $15,002,056 $ 2,471,125
Issued on and after January 1, 1911, and Amount of Profits credited thereto.
Year of Issue.
1911.
1912.
1913.
1914.
1915.
1916.
Total Net
Amount
in Force.
$ 1,647,985
2,309,972
3,669,660
4, 804,. 551
4,971,839
6,125,090
Profits
Credited.
i 85,492
88,379
89, 168
71,539
32,540
11,952
Total Net
Year of Issue. Amount
in Force.
1917 $ 8,507,310
1918 7,666,365
1919 12,434,723
1920 12,794,652
Profits
Credited.
Nil.
Nil.
Nil.
Nil.
Totals $ 64.932,147
.379.070
Schedule A.
Real estate — Actual cost.
Alberta —
Calgary, one parcel $ 8, 027 29
Edmonton, one parcel 3,605 56
Rural property, two parcels, each under $2,200 book value 2,825 11
British Columbia — Victoria, one parcel 3, 686 83
Manitoba —
Brandon, three parcels each under $8,900 book value 12,809 51
Winnipeg, Head Office Bldg. Property, Lot 29 and part Lot 30, D.G.S. 6
and 7, St. John, Plan 63 (market value, .1750,000) 530,571 05
Winnipeg, Lot 8, Block 3, D.G.S. 36, St. John, Plan 187 12,410 75
Winnipeg, one other parcel 2,334 99
Rural property, two parcels, each under $2,900 book value... 4,348 61
Ontario—Fort William, Lot 2, West May St., Plan 97 9,207 67
Saskatchewan — Rural property, seventeen parcels, each under $3,500 book value 24,725 18
Book value.
$ 8,101 32
3,363 56
3,378 83
3,925 45
13,468 26
525,000 00
12,516 00
2,434 21
4,790 75
10,900 92
25,123,95
$614,552 55 $ 613,003 25
126
DEPARTMENT OF INSURANCE
The Great-West Life— ^C<wj<irmerf.
11 GEORGE V, A. 1921
SCHEDILE C.
Department's
•Bonds and debentures — Par value. Book value. value.
Governments —
Canada— Yictory Loan $4,981,200 00 $4,957,.330 21 S4,957,330 21
Provinces of Canada —
British Columbia— Bonds 100,000 00 95,730 00 95,730 00
Manitoba— Registered Ptock 80,056 65 58,832 22 58,832 22
$5,161,256 65 $5,111,892 43 $5,111,892 43
Cities —
^?6er/a— Calgary $ 65, 213 27 $ 53, 678 23 $ 53, 678 23
Manitoba— W'innipeg 304,766 52 276,06181 272,66179
On/ano— Toronto 50,000 00 43,514 00 43,514 00
Saskatchewan —
Moose Jaw 77,2.53 33 61,209.58 61,209 58
Regina 55,000 00 .55,000 00 .55,000 00
Saskatoon 103, 792 45 86, 181 .33 86, 181 33
North Dakota— Grand Forks 3,800 00 3.800 00 4,376 00
$ 659,825 57 $ 579,444 95 $ 576,620 93
Towns —
Mom/oba— Dauphin $ 21,789 07 $ 21,789 07 $ 21,3.55 75
Saskatchewan —
Indian Head 15,714 35 15,714 35 15.085 80
Rosthem 21,196 32 21,196 32 21,196 30
Yorkton 1,000 00 766 19 766 20
$ 59,699 74 $ 59,465 93 $ 58,404 05
Villages —
^ifter/a— Eight villages, par value for none exceeding $800$ 2,450 00 $ 2,406 85 S 2,392 00
Manitoba— Manitou 2,301 76 2,301 76 2,301 75
Saskatchewan — Sixty-one villages, par value for each
under $2,000 60,536 64 59,263 55 58,510 85
$ 65,288 40 $ 63,972 16 $ 63,204 60
Toivnships, Districts or Municipalities —
A Iberia —
Bassano $ 13, 500 00
Drumheller 48, 780 35
Mannville 20,000 00
Spirit River ;•.••■•.■. -. 28, 000 00
Two other municipalities, par value for neither
exceeding $7,200 9,200 00
Manitoba —
Assiniboia 22,434 06
Dauphin 83, 855 70
Greater Winnipeg Water District 46, 720 00
MacDonald 10,000 00
Miniota 12,000 00
Roblin : 5,700 00
St. Francois Xavier .52, 638 64
Springfield 101,574 61
Swan River 49,367 35
Wallace 25, 000 00
Saskatchewan —
Lakeview 10, 925 00
Sasman 11,875 00
Nine other municipalities, par value for none exceed-
ing $9,000 53,669 80
13,908 65
52,151 65
20, 710 80
27,421 00
9,3.57 95
20,909 76
78,428 58
36,768 64
8,248 50
9,898 20
5, 700 00
50,623 45
95,114 28.
49,367 .35
21,672 50
11,676 45
12,691 80
54,384 45
13,908 65
52,151 65
20,710 80
27,421 00
9,. 3.57 95
20,909 76
78,428 60
.36,768 64
8,248 50
9,898 20
5,700 00
.50,623 45
95,114 30
49,367 35
21,672 50
11,676 46
12,691 SO
54,384 40
$ 605,240 51 $ 579,034 01 $ 579,034 00
*0f which are on deposit with Receiver General: — City of Winnipeg, $60,000; Emesville School, $1,950
LIFE INSURANCE COMPANIES 127
SESSIONAL PAPER No. 8
The Great-West Life — Conlinued.
Schedule C. — Continued.
Bonds and debentures — Continued.
Schools — ^ , ,
Department s
Alberta — Par value. Book value. value.
Arrowood $ 25,000 00 $ 26,127 50 $ 26,127 50
Barnwell.. 19,000 00 19,486 75 19,486 75
Big Valley 11,. 375 GO 11,455 35 11,43100
Bow Island 14,400 00 13,946 91 13,946 91
Calgary 57,000 00 57, 791 15 57, 791 15
Consort 17,000 00 17,000 00 17,000 00
Didsbury 15,000 00 15,502 50 15,502 50
Elnora 12,500 00 12,669 62 12,669 62
Forestburg 23, 750 00 23, 750 00 23, 750 00
Fort Saskatchewan 11,000 00 11,860 09 11,860 09
Grand Prairie 12,900 00 13,467 10 13,467 10
Great Bend 8,666 68 8,61175 8,61175
Nanton 29,2.50 00 29,250 00 29,250 00
Rumsey. 12,500 00 12,09150 12,09150
Sedgwick 42,750 00 42,384 36 42,384 36
Fifty-nine other schools, par value for none exceed-
ing $7,200 157. 171 63 157, 6.34 00 157, 634 00
Manitoba —
EastKildonan 8,500 00 8,233 51 8,2.33 51
Eden 16,442 30 16,442 30 16,442 30
Emerson 11,000 00 11,000 00 11,000 00
Erickson 6, 500 00 6, 500 00 6, 500 00
Plumas 10,000 00 9,719 00 9,719 00
Rivers.. 29,250 00 29,90175 29,90175
Wellwood.. 13, 600 00 13, 600 00 13, 600 00
Winnipeg 35,000 00 28,000 00 28,000 00
Eighteen other schools, par value for each under
$4,300 35, 579 48 35, .507 57 35, 6.39 55
Saskatchewan —
Asquith 9,. 561 10 10,289 14 10,289 15
Bridgeford 11,000 00 11,050 00 11,050 00
Chamberlain Village 11,500 00 11,270 00 11,270 00
Davidson 17,779 65 18,013 70 18,013 70
Dodsland 11,500 00 11,750 00 11,7.50 00
Ellerslie 10,000 00 10, 203 00 10, 203 00
Ernfold. 10,500 00 10,930 20 10,930 20
Estuary 13, 763 90 13, 763 90 13, 763 90
Freeman 10,000 00 10,140 00 10,140 00
Glenavon 9,816 60 10,532 50 10,532 50
Goodeve 10,000 00 10,355 40 10,355 40
Kelliher 13,136 05 13,400 79 13,400 79
Maidstone 14,000 00 14,014 00 14,014 00
Markinch 22,500 00 22,510 00 22,510 00
Melfort 25,000 00 27,067 00 27,067 00
Moose Jaw 45, 166 69 37, 702 32 37, 702 ,32
North Battleford ' 45,000 00 46,700 22 46,700 22
Parkside 10,000 00 10,105 00 10,105 00
Perdue 19,000 00 20.159 76 20,159 76
Radisson 13,367 57 14,186 85 14,. 303 29
Regina 116,250 00 108,020 29 108,020 29
Shaunavon 13,823 70 14,314 80 14,314 80
Simpson Village 20,000 00 20,020 00 20,020 00
Southey 12,500 00 13,029.37 13,029 37
Sunny Plain 10,715 15 11,139 37 11,1.39 37
Valley City 8,672 40 8,92112 8,92112
Viscount 18,000 00 18,367 20 18,367 20
Wawota 12,000 00 12,270 00 12,270 00
One hundred and sixty-three other schools, par value
for each under $7,600 371,413 01 376,09157 378,405 74
$1,551,100 91 $1,548,2.50 21 $1,550,788 46
128 DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
The Great-West Life — Continued.
Schedule C — Continued.
Bonds and debentures— Continued— Par value. Book value. Department's
Rural Telephones, Saskatchewan — value.
Alsask S 10,558 62 $ 10,710 50 $ 10,710 50
Aneroid South 10,754 00 16,990 83 16,990 83
Beaver 29,000 00 30, 180 30 30, 180 30
Biggar Northern 32,200 00 33,782 63 33,782 03
Bow Valley 25,000 00 26,228 75 26,228 75
Bromhead South 11,600 00 11,985 12 11,985 12
Connaught 18,600 00 19,158 00 19,158 00
Dcnzil 20,599 44 20,015 45 20,015 45
Donwell and Canora 18,500 00 19,252 95 19,252 95
i:benezer 24,000 00 24,976 80 24,976 80
Elfros 22,553 55 22,553 55 22,553 55
Glen Mary 20,000 00 20,647 20 20,647 20
Golden Brae 12,835 16 13,195 70 13,195 70
Hafford 12,15116 12,15116 12,15116
Hewson 25,000 00 25,613 50 25,613 50
Hughton 17,490 47 17,737 53 17,737 53
Invermay 23,100 00 23,847 52 23,847 52
Instow 13,517 00 13,163 98 13,163 98
Kandahar 16,000 00 16,786 40 16,786 40
Lawrie 12,275 00 12,672 21 12,672 21
Luseland East 14,995 37 14,606 38 14,606 38
Malvern 32,350 00 33,396 85 33,396 85
Mawer 12,086 59 12,02175 12,02175
Mikado - 17,500 00 18,360 13 18,360 13
Mitchellton 24,500 00 25,704 17 25,704 17'
McLaren 14,200 00 14,659 51 14,659 51
Xetterville 11,028 78 10,868 95 10,868 95
North Cupar , 31,800 00 32,829 05 32,829 05
North Hazenmore .' 18,984 85 18,728 55 18,728 55
Pinkham 19,000 00 20,238 80 20,238 80
Palmer 13,953 00 13,588 67 13,588 67
Perdue ;.; 31,589 23 31,427 65 31,427 65
Red Cross 13,000 00 13,420 68 13,420 68
St. Leonard's 11,600 00 11,975 38 11,975 38
Scott 10,049 63 10,190 29 10,190 29
Senlac 24,854 01 24,523 85 24,523 85
Shaunavon Pioneer 10, 000 00 10, 000 00 10, 000 00
South La Fleche 19,33151 19,604 17 19,604 17
South Melville 14,000 00 14,688 10 14,688 10
Spalding 22,277 35 22,752 62 22,752 62
Turtleford 45,000 00 46,83150 46,83150
Twin Valley 16,000 00 16,516 00 16,516 00
Unity 26,289 16 26,289 16 26,289 16
Vawn 10,402 25 10,402 25 10,402 25
Viscount 31,483 94 31,859 32 31,859 32
WintonPark 14,360 56 14,563 24 14,563 24
Wiwa HUl 12,209 10 11,889 58 11,889 58
Twenty-nine other rural telephones, par value for each
under 89,250 154,09115 157,092 30 157,092 30
$1,058,670 88 $1,080,678 98 $1,080,678 98
Railways —
Canadian Northern Railway, 1st Mortgage (Guaranteed
by Manitoba), 1930, 4 p.c $ 159,139 97 $ 130,726 11 $ 130,726 11
Canadian Northern Railway (Guaranteed by Dom. of
Canada) 1934, 4 p.c 642,399 99 513,312 14 513,312 14
Canadian Northern Ontario Railway, 1st Mortgage (Guar-
anteed by Dom. of Canada) 1961, 3i p.c 291,999 99 177,677 13 177,677 13
Canadian Northern Pacific Railway, 1st Mortgage (Guar-
anteed by British Columbia) 1950, 4 p.c 127,019 52 89,817 46 89,817 46
Canadian Northern Pacific Railway, 1st Mortgage (Guar-
anteed by British Columbia) 1950, 4J p.c 50,613 30 38,814 00 38,814 00
Canadian Northern Western Railway, 1st Mortgage (Guar-
teed by Alberta) 1942, 4J p.c 53, 533 32 42,453 86 42, 453 86
Canadian Northern Western Railway, 1st Mortgage (Guar-
anteed by Alberta) 1943, 4| p.c 2,433 33 1,907 49 1,907 49
Grand Trunk Pacific Ry., 1st Mortgage (Guaranteed by
Alberta) 1939, 4 p.c 47,142 00 35,827 92 35,827 92
Grand Trunk Pacific Railway (Guaranteed by Dom. of
Canada) 1962, 4 p.c 216,270 00 156,274 31 156,727 46
$1,590,55142 $1,186,810 42 $1,187,263 57
LIFE INSURANCE COMPANIES
129
SESSIONAL PAPER No. 8
The Great- West Life — Continued.
Schedule C — Concluded.
Bonds and debentures — Concluded. . Par value
Miscellaneous —
Canada Cement Co., Ltd., 1st Mortgage, 1929, 6 p.c $ 50,000 00
Canadian Locomotive Co., Ltd., 1st Mortgage, 1951,
6 p.c 25,000 00
Canadian Realty Corporation, Ltd., 1st Mortgage, 1921
to 1934, 6 p.c 228,000 00
Canadian Realty Corporation, Ltd., 1st Mortgage,
1934 to 1949, 6 p.c 30,000 00
Dominion Iron and Steel Co., Ltd., 1st Mortgage, 1929,
5 p.c 25,000 00
Dominion Realty Co., Ltd., 1st Mortgage, 1921 to 1935,
6 p.c 98,002 20
Empire Loan Co., 1921, 6 p.c 10,000 00
Merchants' Realty Corporation, Ltd., 1st mortgage,
1930 to 1939, 6 p.c 80,000 00
Merchants Realty Corporation, Ltd., 1st Mortgage,
1940 to 1944, 6 p.c 60,000 00
Merchants Realtv Corporation, Ltd., 1st Mortgage,
1945 to 1948, 6 p.c 248, 000 00
Merchants Realty Corporation, Ltd., 1st Mortgage,
1949, 6 p.c 12,000 00
Northern Mortgage Co., debenture stock, 5 p.c 500 00
Steel Co. of Canada, Ltd., 1st Mortgage and Collateral
Trust, 1940, 6 p.c 25,000 00
Toronto Housing Co., Ltd., 1st Mortgage (Guaranteed
by Toronto) 1953, 5 p.c 100,000 00
$ 991,502 20
$11,743,136 28
Schedule D.
No. of Par
Stocks — Shares. value.
Atchison Topeka Santa Fe Rly 300 $ 30,000 00
Bell Telephone Company 125 12,500 00
Canada Landed & Natl. Investment
Co 1,000 .50,000 00
Canadian Pacific Rlv. Co. (common) 1,500 150,000 00
Canadian General Electric (prefd.) 36 3.600 00
Canadian Bank of Commerce... 100 10,000 00
Chicago North Western Rly. Co.
(common) ' 220 22,000 00
Consumers Gas Co 960 48,000 00
Dominion Bank 100 10,000 00
Great Northern Rly. Co. (prefd.) 200 20,000 00
Home Investment & Savings Assocn 300 30, 000 00
Imperial Bank 180 18,000 00
MacKay Companies (prefd.) 150 15,000 00
(common) 300 30,000 00
Mpls. St. Paul & Sault Ste. Marie
(prefd.) 200 20,000 00
Mpls. St. Paul & Sault Ste. Marie
(common) 300 30,000 00
Northern Trusts Company 1, 624 81, 200 00
Pennsylvania Rly. Co. (common) 200 10, 000 00
Toronto General Trust Co 125 12,500 00
Twin City Rapid Transit Co 400 40,000 00
Book value Department's
value
$ 48,738 75 ? 48,738 75
24,000 00
24,000 00
228,000 00
228,000 00
.30,000 00
30,000 00
21,875 00
21,875 00
98,002 20
10,000 00
99,962 25
10,000 00
80,000 00
80,000 00
60,000 00
60,000 00
248,000 00
248.000 00
12,000 00
500 00
12,000 00
500 00
24,250 00
24,250 00
92,070 00
98,000 00
$ 977,435 95 $ 985,326 00
$11,186,985 04 $U,193,213 02
Book Department's
value. value.
30,175 00 $ 27,600 00
16,500 00 12,500 00
77,619 .50
242,900 00
3,798 00
20,300 00
27,350 00
80,415 25
22,700 00
23,525 00'
39,883 00
37,080 00
10,415 37'
22,948 00
24,600 00-
34,000 00
104,150 00
10,4.50 00
23,125 00
39,350 00
$ 642,800 00 $ 891,284 12
Cash in banks: — Schedule E.
Dominion Bank, Montreal $
Imperial Bank, Vancouver
Bank of Nova Scotia, Halifax
Bank of Nova Scotia, Charlottetown
Royal Bank, Toronto
Imperial Bank, Calgary
Bank of Nova Scotia, St. John
Merchants Bank, Fargo
Peoples State Bank, Detroit
First National Bank, Minneapolis
67, 500 00
204,000 00
3,240 00
18,. 300 00
16,940 00
63,840 00
19,200 00
17,800 00
31,500 00
33,840 00
9,600 00
20,700 00
20,800 00
24,300 00
93,. 380 00
9,300 00
23,750 00
16,800 00
$ 734,890 00
15,419 39
3,494 65
2,855 25
313 34
7,921 99
3,426 61
2,837 82
2,032 61
1,565 11
1,327 68
S 41,194 45
8—9^
130 DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
The Great-West Life — Continued.
ASSETS OUT OF CANADA.
Ledger Assets.
Mortgage loans on real estate, first liens $ 72, 100 00
Amount of loans as above on which interest has been overdue for one year or more previous
to statement .....$ 10, 700 00
Amount secured by the Company's policies in force, the reserve on each policy
being in excess of all indebtedness: —
Loans to policyholders ._. S 97, 061 20
Advances to policj-holders under automatic non-forfeiture provisions 15, 160 15
112,221 35
Book value of bonds, debentures and debenture stocks owTied by the Company (Dominion
of Canada Victory Loan, par and Department's values, $115,000) 115,000 00
Cash in banks {For details see Schedule J) 4, 925 40
Total Ledger Assets out of Canada $ 304, 246 75
Non-Ledger Assets.
Interest:— Due, §3,383.60; accrued, $2,314.50 $ 5, 698 10
Gross premiums, less reinsured: — First Year. Renewal.
Due and uncollected $ 15,647 82 $ 38,496 33
Deferred 3,717 45 2,158 28
Total S 19,365 27 $ 40,654 61
Deduct commission and estimated loss in collection 5, 809 58 2, 032 73
Net premiums due and uncollected, and deferred $ 13,555 69 % 38,62188
52, 177 57
Total Non-Ledger Assets out of Canada $ 57, 875 67
Total Assets out of Canada $ 362, 122 42
LIABILITIES OUT OF CANADA.
Net liability under assurance, annuity, and supplementary contracts in force for payments
not due, dependent on life, disability or any other contingency or on a term certain. . .$ 720,848
Net liability for payments due under contracts: — Death losses, unadjusted 9,500
Dividends left with the Companj^ (arising out of assurance contracts) including interest
accumulations 19, 569
Received from policyholders in advance: — Premiums, S541.45; interest, $2,174.20 2,715
Premium reductions on outstanding premiums and annuity consideration 2, 653 15
Government, municipal and other taxes due and accrued 6, 056 63
Total Liabilities out of Canada $ 761, 342 43
PREMIUM INCOME AND ANNUITY CONSIDERATION OUT OF CANADA.
Assurance premiums:— First year, $77,920.44; renewal, $128,652.36; single, $2,914.05 $ 209,486 85
DISBURSEMENTS IN RESPECT OF ASSURANCE AND ANNUITY CONTRACTS
OUT OF CANADA.
In respect of assurance contracts: —
Death claims — Amount assured $ 16, 714 20
Net surrender values 1 , 913 30
Net dividends —
In cash $ 11,018 75
Left with the company at interest 4, 514 15
Applied as single premiums: — To purchase bonus addition 2, 914 05
Total net dividends 18, 446 95
Total net disbursements In respect of assurance contracts out of Canada % 37, 074 45
LIFE INSVRAlffCE COMPANIES
131
SESSIONAL PAPER No. 8
The Great -West Life — Concluded.
EXHIBIT OF POLICIES OUT OF CANADA (Ordinary).
Classification.
Whole Life.
Endowment
Assurances.
Term and
Other.
Bonus
Additions.
Totals.
No.
Amount.
No.
Amount.
No.
Amount.
No.
Amount.
At end of 1919
2,346
1,088
34
377
1
4,544,855
2,763,165
86,500
789,873
1,000
169
106
$
231,042
189,000
84
34
3
14
2
$
325,598
142, 354
8,500
80,733
12,500
$
17,4.52
5,761
2,599
1,228
37
439
5
$
5,118 947
3,100,280
95,000
48
2
71,643
2,000
942,249
15,500
Totals
3,846
8,185,393
325
493,685
137
569,685
23,213
4,308
9,271,976
Less ceased by: —
Death
12
24,000
2
2,000
1
3
2,964
4,000
15
3
22
276
45
84
5
28,964
Expiry
4,000
17
257
37
78
4
42,000
560,726
88,460
204, 625
15,500
5
11
5
5
8,000
20,500
9,000
6,500
93
50, 093
8
3
1
1
18,000
16,620
5,000
1,000
599,226
114,080
216,125
16,500
Total ceased
405
935,311
28
46, 000
17
47,584
93
450
1,028,988
At end of 1920
3,441
7,250,082
297
447, 685
120
522,101
23,120
3,858
8,242,988
MISCELLANEOUS.
New policies issued and paid for in cash:^ — Number, 967; gross and net amount, $2,328,375.
Total amount in force divided as to dividend plan: — Annual, $7,012,548; quinquennial, $438,972; deferred
.$299,157; bonuses, $23,120; paid-up policies, $20,325; contingent additions, $86,355; non-participating.
$362,511.
Total $ 8, 242, 988
Schedule J. — Out of Canada.
Cash in banks —
Merchants Bank, Fargo
People's State Bank, Michigan
First National Bank, Minneapolis
2,032 61
1,565 11
1,327 68
4,925 40
132 DEPMITMEST OF lysLliAXCE
11 GEORGE V, A. 1921
THE GRESHAM LIFE ASSURANCE SOCIETY, LIMITED.
Statement for the Year ending December 31, 1920.
Chairman, Sir Chas. Hanson, ]\I.P. — General Manager and Secretarj-, Alex. Lawson — Actuary,
Harry Bearman, F.I.A. — Principal Office, London, Eng. — Chief Agent in Canada,
Arch. R. Howt;ll — Head Office in Canada, Montreal — Canadian Directors, Fred. W.
Evans, Chairman, Sir James Aikins, Wm. Hanson, Sir Hormidas Laporte.
(Incorporated July 17, 1848 by 7-8 "Vic. cap. 110. Commenced business in Canada December 9, 1911.)
CAPITAL STOCK.
Authorized and subscribed £ 100, 000
Paid in cash 22,378
ASSETS IN CANADA.
Ledger Assets.
Held solely for the Protection of Canadian Policyholders.
Department's value of bonds, debentures and debenture stocks owned by the Companj-, on
deposit with the Receiver General {For details see Schedule C) S 472, 766 66
Other Ledger Assets.
Department's value of real estate, unencumbered, held by the Company (Lot. 905, St.
Antoine, actual cost and book value, $130,000) 130, 000 00
Mortgage loans on real estate, first liens 679, 200 00
Loans secured by bonds, stocks or other marketable collaterals (City of Lachine, 1952, 41
p.c, par value, $17,000) 6,000 00
Amount of loans as above on which interest has been OA'erdue for one year or
more previous to statement S 5, 000 00
Amount secured by the Company's policies in force, the reserve on each policy
being in excess of all indebtedness: —
Loans to policyholders $ 24,282 99
Advances to policyholders under automatic non-forfeiture provisions 7,428 97
31,711 96
Department's value of bonds, debentures and debenture stocks owned by the Company
(Dom. of Canada Victory Loan, par value, $80,000) 80, 000 00
Cash: At Head Office, $5,583.68; in Banks, $32,280.17 (For details see Schedule E) 37,863 85
Total Ledger Assets $ 1,437,542 47
Non-Ledger .^saets.
Interest, dividends and rents, due and accrued: —
Interest on— . Due. Accrued.
Mortgages $ 2,945 67 $ 6,210 00
Collateral loans 50 00
Bonds and debentures 3,841 13
Premium notes, policy loans and liens 93 00 606 66
Total interest $ 3,038 67 $ 10,707 79
Rents 22 91
Total interest, dividends and rents, due and accruedS 3,06158 S 10,707 79
Gross premiums, less reinsured: — First Year. Renewal.
Due and uncollected $ 7,812 33 $ 21,640 02
Deferred 8,384 40 15,154 58
-$ 13,769 37
Total $ 16,196 73 $ 36,794 60
Deduct commissions and estimated loss in collection 8, 877 89 919 86
Net premiums due and uncollected, and deferred $ 7,318 84 $ 35,874 74
43,193 58
All other assets: Office furniture and equipment, $3,197.16; proportion of building taxes and
insurance, paid for 1921, $836.12 4,033 28
Total Non-Ledger Assets $ 60,996 23
Total Assets in Canada $ 1,498,538 70
LIFE INSURANCE COaII'ANIES 133
SESSIONAL PAPER No. 8
The Gresham Life — Continued.
LIABILITIES IN CANADA
Net liability under assurance, annuity, and supplementary contracts in force for payments
not due, dependent on life, disability or any other contingency or on a term certain {See
Statement of Actuarial Liabilities) $ 537, 326 80
Received from policyholders in advance: Premiums .542 53
Provincial, municipal and other taxes due and accrued 2, 650 25
Salaries, rents and office expenses, due and accrued 260 98
Medical examiners' fees due and accrued 72 50
Advance payments other than from policyholders 121 35
Total Liabilities in Canada $ 540, 974 41
INCOME IN CANADA.
First Year. Renewal. Single.
Assurance premiums $ 62,882 63 $162,378 54 $ *9,274 23
Less reinsurance premiums paid 4,419 00 5, 113 93
Total net premiums $ 58,463 63 1157,264 61 $ 9,274 23
225,002 47
Consideration for annuities, renewal 50 00
Total net premium income and consideration for annuities $ 225,052 47
Interest, dividends and rents —
Gross interest or dividends on —
Mortgages $ 40,240 32
Collateral loans 446 87
Bonds and debentures 14 , 342 05
Premium notes, policy loans and liens 1, 608 68
Bank deposits 983 59
Total $ 57, 621 51
Gross rents for Company's property (including $3,000 for Company's
occupancy of its own buildings) less $6,722.40 for taxes, expenses and
repairs in connection with such properties 2, 910 56
Total, interest dividends and rents 60,532 07
Total Income in Canada $ 285, 584 54
DISBURSEMENTS IN CANADA.
In respect of assurance contracts: —
Death claims— Amount assured, $80,327.60; bonus additions, $565.50 $ 80,893 10
Net surrender values 8, 822 22
Net dividends —
In cash $ 2, 841 13
Applied as single premium!?- —
To purchase bonus addition $ 8, .580 62
To purchase premium reduction 693 61
9,274 23
Total net dividends 12, 115 36
Total net disbursements in respect of assurance contracts "^ 101 , 830 68
Net payments on supplementary contracts: — Not involving life contingencies 420 00
Net reduction in premiums resulting from application of dividends 21 73
Taxes, licenses and fees (including taxes on investments but excluding taxes on real estate) . . 4,016 65
Head Office expenses: — Salaries, $16,202.42; directors' fees, $2,125; auditors' fees, $340;
travelling expenses, $966.84; rents and light, .$3,813.52 23,447 78
Branch office and agency expenses: — Assurance commissions — first year, $34,901 .24; renewal,
$4,147.66; salaries, $16,815.87; travelling expenses, $7,101.55 62,966 .32
All other expenses: — Advertising, $1,510.37; express, telegrams and telephones, $815.81;
legal fees, $467.64; medical fees, $3,903; office furniture, $486.98; postage, -$702.04;
printing and stationery, $3,316.24; inspection of risks, $153.30; investment expenses
$58.83; misc. and exchange, -$137. 11 11,277 10
Total Disbursements in Canada $ 203,980 26
*Paid by application of assurance dividends.
134
DEPARTMENT OF INSURANCE
The Gresham Life — Continued.
EXHIBIT OF ANNUITIES.
11 GEORGE V, A. 1921
Arising out of
Life Assurance
Contracts.
Classification.
Life Annuities
Proper.
Not involving
Life
Contingencies.
Totals.
No.
Annual
Payment.
No.
Annual
Payment.
No.
Annual
Payment.
At end of 1919
1
$ cts.
218 75
1
$ cts.
420 00
2
$ cts.
638 75
At end of 1920
1
218 75
1
420 00
2
638 75
EXHIBIT OF POLICIES.
(For policies herein included involving disability benefits see Abstract).
Classification.
Whole Life.
Endowment
Assurances.
Term and
Other.
Bonus
Additions
Totals.
No.
Amount.
No.
Amount.
No.
Amount.
No.
Amount.
At end of 1919
1,790
381
2
$
4,176,620 67
1,099,217 00
6,000 00
812
311
2
$
1,438,264
805,156
2,000
1,000
2,000
59
23
$
273,000
122,000
S
19,' 626 00
2,661
715
4
5,887,884 67
2,045,999 00
8,000 00
1,000 00
1
5,000 00
1
2
7,000 00
Totals
2,174
5,286,837 67
1,126
2,248,420
82
395,000
19,626 00
3,382
7,949,883 67
Less ceased by : —
Death
15
12
176
60,327 60
24,341 00
349,070 00
9,857 40
6,000 00
2,000 00
1
10
74
1
11
5,000
14,500
127,439
7,070
14,000
565 50
16
22
261
1
18
2
65,893 10
38,841 00
11
1
1
51,500
5,000
3,000
5,000
528,009 00
21,927 40
6
1
23,000 00
7,000 00
Total ceased... .
210
451,596 00
97
168,009
13
64,500
565 50
320
684,670 50
At end of 1920
1,964
4,835,241 67
1,029
2,080,411
69
330,500
19,060 50
3,062
7,265,213 17
190,500 00
37,000
227,500 00
Miscellaneous
New policies issued and paid for in cash: — Number, 724; gross amount, S2,028,177; reinsured
in other licensed companies, .1100,000.
fotal amount in force divided as to dividend plan: — Quinquennial, $1,130,117.50; non-parti-
cipating, $6,135,095.67. Total S 7,265,213 17
LIFE INSURANCE COMPANIES
SESSIONAL PAPER No. 8
The Gresham Life — Continued.
STATEMENT OF ACTUARIAL LIABILITIES.
Assurance Section.
135
Class of Contract.
Gross in Force.
Reinsured in Companies
licensed in Canada.
Number.
Amount.
Reserve.
Amount.
Reserve.
Ordinary with Profits: —
Life
392
210
$
831,359 00
279,698 00
19,060 50
(1,662 60)
$
81,240 71
55,677 99
8,330 76
693 61
$
75,000 00
$
2,157 00
Endowment Assurance
Totals
602
1,130,117 50
145,943 07
75,000 00
2,157 00
Ordinary without Profits:—
Life
1,574
822
64
4,003,882 67
1,800,713 00
330,500 00
241,012 08
154,264 70
4,553 75
115,500 00
37,000 00
6,951 31
3,674 11
Term, etc
Totals
2,460
6,135,095 67
399,830 53
152,500 00
10,625 42
Grand Totals
3,062
7,265,213 17
545,773 60
227,500 00
12,782 42
Anntjity Section.
Class of Annuity.
Gross in Force.
Number.
Annual
Payment.
Reserve.
Without Profits:—
Life Annuities Proper (Deferred)
1
1
$
218 75
420 00
$
Supplementary Contracts. —
Not involving life contingencies
135 37
Totals
4,200 25
2
638 75
4,335 62
SUMMARY OF RESERVE.
With Without Total.
Profits. Profits.
Total reserve, policy and annuity contracts $ 145,943 07 $ 404,166 15 $ 550,109 22
Total reserve on reinsured contracts 2, 157 00 10, 625 42 12,782 42
Total net reserve on the Company's basis of valuation,
carried in the liabilities $ 143,786 07 $ 393,540 73 $ 537,326 80
136 DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
The Gresham Life — Concluded.
MISCELLANEOUS STATEMENT.
I. The calculation of the "Reserve" in the "Statement of Actuarial Liabilities" —
(1) Policies were valued individually from tables of mid-year reserves calculated accord in ' to the
net premium method, the age at entry for valuation purposes being the same as that in the policy contract,
that is, next half-age or integral age at time of issue. The valuation basis was Om (.5) 3| p.c. throughout.
Special Classes —
(b) Policies issued at premiums corresponding to ages higher than the true age were valued at the
rated up age.
(c) Policies subject to liens were valued as though there was no lien.
{d) Policies subject to extra premiums were valued as ordinary policies,
(e) Policies subject to disability were valued as ordinary policies.
(2) Items of special reserve —
(a) No additional reserve was made on account of prepaid or limited loadirgs in single and limited
payment policies.
(6) The guaranteed benefits in no case exceed the net premium reser\^e on the valuation basis
employed.
(c) No additional reserve was made in excess of the cash value for policies continuing in force
under automatic non-forfeiture provisions being subject to reinstatement.
(d) No reserve is maintained to cover the option of renewal under term policies.
(e) No reserve is maintained to cover the option of conversion into the higher premium plans.
(/) No other items of special reserve are maintained.
III. The average rate of interest earned during the last five years on the mean life insurance fund of the
company as a whole was 4 25 per cent after deduction of Income Tax.
I^'. The distribution of surplus —
(a) In accordance with clause 95 of the laws and regulations of the Society the directors determine
what portion of the valuation surplus, after setting aside the sum required to provide interest upon the
shareholders' capital during the forthcoming quinquennium, shall be divided as profits.
One-tenth of this sum is allocated to the shareholders and is divided among them in proportion to the
number of shares held irrespective of the amounts paid up thereon; the remaining nine-tenths is distributed
among the holders of participating policies.
Schedule C.
Bonds and debentures on deposit with the Receiver-General: —
Department's
Par value. value.
Dom. of Canada Victory Loan S 141,000 00 S 141,000 00
British War Loan 245, 766 66 245, 766 66
City of Lethbridge, Alberta 25,000 00 20,2.50 00
City of Montreal, Quebec 50,000 00 44,500 00
Montreal Protestant School, Quebec 25, 000 00 21 . 250 00
$ 486,766 66 S 472,766 66
Schedule E.
Cash in banks: —
Merchants Bank, Montreal — Ordinary account.
Merchants Bank, Montreal — Interest account. . .
Merchants Bank, Winnipeg — Savings Account. .
Merchants Baik, Winnipe;^ — Curreit Account. .
Banque Xationale, Grand Mere
Molsons Bank, Montreal
$
13,234 19
13,435 48
3,266 91
524 58
895 79
923 22
$
32,280 17
{For General Business Statement see Appendix.)
LIFE INSURANCE COMPANIES 137
SESSIONAL PAPER No. 8 -
THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA.
Statement for the Year ending December 31, 1920.
President, Carl Heye — Secretaries. Fred A. Geocke, R. C. Neuendorffer — Actuary. John
FuHRER — Principal Office, .50 Union Square, New York, N.Y. — Chief Agent in Canada.
C. R. .loHNSON — Head Office in Canada, Montreal.
(Incorporated April 10, 1860. Commenced business in Canada November, 1887)
CAPITAL STOCK.
Authorized , subscribed and paid in cash $ 200, 000 00
ASSETS IN CANADA.
Ledger Assets.
Held solely for the protect. on of Canadian Policyholders.
Department's value oil bonds, debentures and debenture stocks owned by the Company on
deposit with the Receiver General. (For details sec Schedule C) $ 96,906 66
Other Ledger Assets.
Loans to policyholders secured by the Company's policies in force, the reserve on each policy
being in excess of all indebtedness 7, 888 84
Total Ledger Assets $ 104,79.5 50
Non-Ledger Assets.
Interest accrued on —
Bonds and debentures $ 100 00
Premium notes, policy loans and liens 29 00
$ 129 00
Gross renewal premiums, less reinsured: —
Due and uncollected S 66 09
Deferred 77 56
Total $ 143 65
Deduct commissions and estimated loss in collection 10 77
Net premiums due and uncollected, and deferred 132 88
Total Non-Ledger Assets $ 261 88
Total Assets in Canada $ 105.057 38
LIABILITIES IN CANADA.
Net liability under assurance, annuity, and supplementary contracts in force for payments
not due, dependent on life, disability or any other contingency or on a term certain {See
Statement of Actuarial Liabilities) ' $ 53, 751 00
Dividends left with the Company (arising out of assurance contracts) including interest
accumulations 87 60
Received from policyholders in advance: — Premiums, $11.02; interest, $46.03 57 05
Net dividends to policyholders due and unpaid 100 05
Provision for profits to policyholders payable in the year following the date of account. . . 1,230 00
Provision for accrued profits to policyholders not included above 10 10
Provincial, municipal and other taxes due and accrued (estimated) 8 00
Total Liabilities in Canada $ 55, 243 80
138
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
The Guardian Life — Continued.
INCOME IN CANADA.
Assurance premiums
Less reinsurance premiums paid.
First Year.
.$ 184 99
Renewal. Single.
$ 10.459 87 $ *196 10
218 43
Total net premiums.
184 99 $ 10,241 44 $
196 10
Dividends left with the Company at interest (arising out of assurance contracts)
Gross interest or dividends on —
Bonds and debentures $ 6, 439 99
Premium notes, policy loans and liens 451 71
EXHIBIT OF POLICIES.
(For policies herein included involving disability benefits see Abstract.)
10,622 53
31 66
6,891 70
Total Income in Canada $ 17,545 89
DISBURSEMENTS IN CANADA.
In respect of assurance contracts: —
Endowment and disability claims —
Amount assured: — Matured endowments, §200; disability claims, $60.88 $ 260 88
Net dividends —
In cash $ 26 26
Left with the company at interest 31 66 '
Applied as single premiums: — To purchase bonus addition 196 10
Total net dividends ". 254 02
Total net disbursements in respect of assurance contracts $
Net reduction in premiums resulting from application of dividends
Taxes, licenses and fees (including taxes on investments but excluding taxes on real estate)..
Branch office and agency expenses: — Assurance commssions — first year, S92.50; renewal,
S590.29; compensation for verifying and filing statement of business in Canada, $50. . . .
All other expenses: — Medical fees, §15; postage, S1.40
Total Disbursements in Canada % 2,081 83
514 90
810 00
7 74
732 79
16 40
Classification.
Whole Life.
Endowment
Assurances.
Term and
Other.
Bonus
Additions.
Totals.
No.
Amount.
No.
Amount.
No.
Amount.
No.
Amount.
At end of 1919
. 36
3
$
172,948
5,500
17
S
72,643
2
S
13,000
S
1,043
55
3
S
259,634
5,500
Old increased
55
55
Totals
39
178,448
17
72,643
2
13,000
1,098
58
265,189
Less ceased by: —
1
200
1
1
200
Expiry
1
3,000
3,000
Decrease
17,521
17,521
17,521
1
200
1
3.000
2
20,721
At end of 1920
39
160.927
16
72,443
1
10,000
1,098
56
244,468
20, 000
20,000
*Paid by application of assurance dividends.
LIFE INSURANCE COMPANIES
139
SESSIONAL PAPER No. 8
The Guardian Life — Continued.
MISCELLANEOUS.
New policies issued and paid for in cash: — Number, 3; gross and net amount, $5,500.
Total amount in force divided as to dividend plan: — Annual, $234,577; deferred, $1,000;
non-participating, $8,891.
Total $
244,468
STATEMENT OF ACTUARIAL LIABILITIES.
Assurance Section.
Class of Contract.
G
ross in Force.
Reinsured in
Companies licensed
in Canada.
Number.
Amount.
Reser\'e.
Amount.
Reserve.
Ordinary with Profits: —
Life
29
13
1
$
153,479
71,000
10,000
1,098
$
18,687
34, 165
63
837
$
s
Endowment Assurance
20, 000
6 998
Term , etc
Bonus Addition
Totals
43
235,577
53,752
20,000
6,998
Ordinary without Profits: —
Life
10
3
7,448
1,443
5,838
1,159
Endowment Assurance
Totals
13
8,891
6,997
Grand Totals
56
244,468
60,749
20,000
6,998
SUMMARY OF RESERVE.
With
Profits.
Total reserve, policy and annuity contracts $ 53,752
Total reserve on reinsured contracts 6, 998
Total net reserve on the Company's basis of valuation, carried
in the liabilities $ 46, 754
Without
Profits.
5 6,997
Total.
6,997 $
60,749
6,998
53,751
MISCELLANEOUS STATEMENT.
I. The calculation of the "Reserve" in the "Statement of Actuarial Liabilities" —
(1) Assurances are valued individually according to the net premium method. The valuation age
is taken as age nearest birthday at date of issue and the duration as n+l where n equals the
valuation year less year of issue. The valuation age is the same as that used in determining
the premium. There are no annuities in force in Canada.
All policies issued prior to January 1, 1910 except policies issued through the Home Department
subsequent to December 31, 1901 and prior to January 1, 1907 and 5% Gold Bond Policies
were valued on the American Experience Table at 3^ per cent.
Reversionary additions to the above policies were valued on the same basis. All policies issued
subsequent to December 31, 1909 and policies included in the exceptions above were valued
on the American Experience Table at 3 per cent. Reversionary additions to the above
policies were valued on the same basis.
Special Classes —
(a) No policies issued on lives resident in tropical or sub-tropical countries are included in this
statement;
(6) No policies have been issued in Canada at premiums corresponding to ages higher than the true
age;
(c) No policies with a lien have been issued in Canada;
(d) Policies issued with a fixed extra annual premium are valued in the same way as policies Issued
without extra premiums. No policies have been issued with a fixed extra premium payable in
one sum;
(e) No policies have been issued in Canada on lives classed as substandard.
140 DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
Thk Guardian Life — Continued.
MISCELLANEOUS STATEMENT— Conduced.
Special Classes — Concltided —
(/) The disability benefits are valued before the occurrence of disability on Hunter's Disability
Benefit Table; after disability, by setting aside a sum as a liability equal to the present value of
the future gross premiums and disability annuity payments, on the basis of the same table.
These reserves are held in addition to the regular reserve on the policy without the disability
benefit;
(g) No annuities have been issued on lives classed as under-average.
(2) Items of special reserve —
(a) No additional reserve is held for future expenses under limited payment and single premium
policies nor in the case of immediate annuities;
(6) No policies have been issued that provide for guaranteed cash values in excess of the net premium
reserA'e on the basis of valuation employed;
(c) No resers'e is held on account of lapsed policies not continued in force under automatic non-
forfeiture provisions nor having a surrender value, but being subject to reinstatement.
(d) No reserve is maintained to cover the option of renewal under term policies.
(e) No reserve is maintained to cover the option of conversion either during a fixed term or at the
end thereof into higher premium policies, the premium on the new policy being fixed (1) as at
original age of entry, or (2) as at age attained at date of conversion.
(J) No special reserve is held on account of Canadian policies.
II. No policies issued on lives resident in tropical or sub-tropical countries are included in this statement.
III. The average rate of interest earned during the year on the mean ledger assets of the company as a
whole, was 5-47 per cent.
IV. The distribution of surplus —
(a) From the sum set aside each year to be distributed among shareholders and policyholders, there
is paid to the shareholders, 7% interest and 5% dividend on the capital stock; the remainder is
paid to the policyholders.
(6) Surplus earnings for the declaration of dividends to policyholders are assumed to be derived from
two sources, viz.:
a. Interest earnings in excess of reserve requirements;
b. Savings from loading on the net premiums.
The factors used for the year 1920 were respectively as follows: —
Policies issued prior to January 1st, 1910: —
8/10 of 1% of the initial reserve on the American Experience Table of Mortality with 3J%
interest. 521% of the loading on the same basis.
Policies issued since January 1st, 1910: —
1 3/10% of the initial reserve on the American Experience Table of Mortality with 3% interest.
521% of the loading on the same basis.
The sum of these two items is herein referred to as "Standard Dividend."
At a meeting held by the Board of Directors on the fourth Wednesday of October in each year
dividends are declared for distribution during the ensuing calendar year among Participating
Policies in force at least one year on the anniversary dates of issue in such year.
A balance sheet is submitted in said meeting showing the exact condition of the Company on the
preceding 30th day of September.
On the basis of such balance sheet and a statement showing the total amount of Standard Divi-
dends for all insurances entitled to participate in the distribution of surplus in the following
calendar year, a sum is set aside for apportionment in such year. Such surn is either equal
to the aforesaid total amount or to such a percentage thereof as present conditions and future
requirements seem to warrant.
Cash dividends for 1920—70% of the Standard Dividend.
Cash dividends, annual, quinquennial or deferred, are converted into paid-up insurance on the
basis of the net American 3%, table. The policies do not provide for conversion of the cash
dividends into premium reduction, reduction of premium term or reduction of endowment
period.
(c) No annuities are in force in Canada.
Schedule C.
Department's
Bonds and debentures on deposit with the Receiver General — Par value. value.
City of Wcstmount, Quebec $ 15,000 00 $ 13,200 00
Canadian Northern Rv. 1st Mtge. (G'teed by Manitoba)
1930, 4 p.c 97,330 00 83,706 66
$ 112,3.30 00 $ 96,906 66
LIFE INSURANCE COMPANIES 141
SESSIONAL PAPER No. 8
The Guardian Life — Continued.
General Business Statement for the Year ending December 31, 1920.
INCOME
Total premium income $ 8,632,333 58
Consideration for supplementary contracts involving life contingencies 149 85
Consideration for supplementary contracts not involving life contingencies 42, 1.38 12
Dividends left with the company to accumulate at interest 26, 679 50
Total interest and rents 2, 941,493 65
Gross profit on sale or maturity of ledger assets 4,766 02
Gross increase, by adjustment, in book value of ledger assets 14,801 44
From other sources 436, 260 26
Total income .?12,098,622 42
DISBURSEMENTS
Net amount paid for losses and matured endowments $ 3, 826, 078 75
For annuities involving life contingencies 36, 205 80
Surrender values paid in cash, or applied in liquidation of loans or notes 1,027, 158 17
Surrender values applied to purchase paid-up insurance and annuities 110,334 94
Dividends paid to policyholders in cash, or applied in liquidation of loans or notes 507,650 03
Dividends applied to pay renewal premiums 487, 787 69
Dividends applied to purchase paid-up additions and annuities 92,089 17
Dividends left with the company to accumulate at interest 26, 679 50
Expense of investigation and settlement of policy claims 758 62
Paid for claims on supplementary contracts not involving life contingencies 43,591 10
Dividends and interest thereon, held on deposit, surrendered during the year 5,537 91
Paid stockholders for dividends 24,000 00
Commissions to agents 1,082,270 73
Branch office expenses, including salaries of managers and clerks 538, 159 94
Agency supervision and travelling expenses of supervisors 57,964 38
Medical examiners' fees and inspection of risks 108,781 86
Salaries and all other compensation of officers, directors, trustees and home office employees. 321 , 325 67
Rent 59,520 00
State taxes on premiums, Insurance Department licenses and fees 113,931 60
All other licenses, fees and taxes 54, 737 35
Taxes on real estate 66, 947 42
Repairs and expenses on real estate 192, 084 93
Gross loss on sale or maturity of ledger assets 177, 151 25
Gross decrease, by adjustment, in book value of ledger assets 63, 164 64
All other disbursements 221,887 07
Total disbursements I 9,245,798 52
LEDGER ASSETS
Book value of real estate $ 3,319,779 08
Mortgage loans on real estate, first liens 27, 609, 905 85
Loans secured by pledge of bonds, stocks or other marketable collateral 100,000 00
Premiums reported to War Risk Insurance Bureau 100 61
Loans made to policyholders on the company's policies assigned as collateral 6,980,271 65
Book value of bonds and stocks 19,867,902 37
Cash on hand, in trust companies and in banks 2, 376, 004 13
Agents' balances 32,458 26
A.11 other ledger assets 858 22
Total ledger assets $60, 287,280 17
NON-LEDGER ASSETS
Interest and rents due and accrued 742, 679 19
Net amount of uncollected and deferred premiums li 617, 279 77
Gross assets .' .$62,647,239 13
Deduct assets not admitted 1 , 927, 087 99
Total admitted assets $60, 720, 151 14
142 DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
The Guardian Life — Concluded.
LIABILITIES
•Net reserve $52,496,511 00
Extra reserve for total and permanent disability benefits and for additional accidental
death benefits 184,026 00
Present value of amounts not yet due on supplementary contracts not involving life con-
tingencies 192, 073 39
Present value of amounts incurred but not yet due for total and permanent disability
benefits 40, 303 81
Liabilitv on cancelled policies upon which surrender values may be demanded 4,418 07
Total unsettled policy claims 1, 115,031 57
Dividends left with the company to accumulate at interest and accrued interest thereon. . . 102, 695 25
Premiums paid in advance, including surrender values so applied 55,969 36
Unearned interest and rent paid in advance 139, 022 55
Commissions to agents, due or accrued 1,381 44
Salaries, rents, office expenses, bills and accounts due or accrued 15, 551 53
Medical examiners' fees and legal fees due or accrued 12, 906 52
Dividends or other profits due policyholders including those contingent on payment of
outstanding and deferred premiums 234, 071 45
Dividends declared on or apportioned to annual dividend policies payable to policyholders
during 1921 594,000 00
Dividends declared on or apportioned to deferred dividend policies payable to policyholders
during 1921 _. 402,401 64
Amounts set apart, apportioned, provisionally ascertained, calculated, declared or held
awaiting apportionment, upon deferred dividend policies 2,424,914 85
Additional reserve held by the company for total and pennanent disability and accidental
death benefits 73, 800 54
Federal, state and other taxes due or accrued (estimated) 217, 829 25
Investment fluctuation fund 800,000 00
Capital paid up 200,000 00
Unassigned funds (surplus) 1 , 402, 911 81
All other liabilities 10, 331 11
Total liabilities $60, 720, 151 14
EXHIBIT OF POLICIES
Ordinary Industrial Group
No. Amount No. Amount No. Amount
Issued during the year 15,763 $45,676,528
Terminated 7,594 17,863,183 52 $ 6,763 1 $ 222,620
In force at end of the year 103,849 227,918,950 1,018 130,292 2 516,578
*For bases of valuation see Miscellaneous Statement, Canadian business.
LIFE INSURANCE COMPANIES 143
SESSIONAL PAPER No. 8
THE IMPERIAL LIFE ASSURANCE COMPANY OF CANADA.
Statement for the Year ending December 31, 1920.
President, George A. Morrow — Vice-Presidents, E. T. Malone, K.C, S. J. Moore — Secretary,
Donald Matheson — Managing Director, James F. Weston — Actuary and Assistant
General Manager, G. Cecil Moore — Head Office, Toronto, Canada.
{For List of Directors see Appendix.)
(Incorporated April 23, 1896 by Act 59 Vict., cap. 50. Commenced business October 1, 1897).
CAPITAL STOCK.
Authorized and subscribed $ 1,000,000
Paid in cash 450,000
Premium on capital stock paid by shareholders 112, 500
{For list of Shareholders see Appendix.)
SUMMARY BALANCE SHEET.
Assets. Liabilities.
Total ledger assets $18, 235, 414 92 Total liabilities $16, 945, 053 83
Excess of assets over liabilities: —
Capital stock paid
in cash $ 450,000 00
Non-ledger assets 1,074,988 15 "Surplus 1,915,349 24 2,365,349 24
Total assets $19,310,403 07 Total $19,310,403 07
SYNOPSIS OF LEDGER ACCOUNTS.
As at December 31, 1919: — Decrease in ledger assets in 1920: —
Net and total ledger assets $16,112,942 74 Disbursements $ 2,915,029 36
Amount by which ledger assets
were written down 56,971 49
Total decrease $ 2,972,000 85
Increase in ledger assets in 1920: — As at December 31, 1920: —
Income 5,094,473 03 Net and total ledger assets $ 18,235,414 92
Total $21,207,415 77 Total $21,207,415 77
ASSETS.
Ledger Assets.
Book value of real estate, unencumbered, held by the Company {For details see Schedule A). .$ 449, 608 30
Mortgage loans on real estate, first liens 5, 133, 640 60
Loans secured by bonds, stocks or other marketable collaterals (Imperial Bank of Canada
Stock, par value, .S800; Department's value, $1,504) 1,400 00
Amount of loans as above on which interest has been overdue for one year or
more previous to statement $ 551 , 444 00
Amount secured by the Company's policies in force, the reserve on each
policy being in excess of all indebtedness: —
Loans to policyholders $ 1, 957, 749 69
Advances to policyholders under automatic non-forfeiture provisions 406,583 17
2,364,332 86
"Including $1,526,778.45 surplus contingently apportioned to deferred dividend policies issued prior
to January 1, 1911.
144 DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
The Impehial Life — Continued.
A^SV.Tfi— Concluded.
Ledger Assets— Concluded .
Book value of bonds, debentures and debenture stocks owned by the Company {For details
see Schedule C) $ 9,951,818 68
Book value of stocks owned by the Company (Bank of Nova Scotia, 105 shares, par value,
$10,500: Department's value, S26,250 26,446 75
Cash: At Head Office, §2,965.14; at Branch Offices, $2,016.36; in banks, $300,786.23 {For
details see Schedule E) 305, 767 73
All other ledger assets: — Loans on policies of other companies 2, 400 00
Total I.«dger Assets $18,235,414 92
Kon-Ledger Assets.
Interest or dividends on — Due. Accrued.
Mortgages $ 164,588 44 S 114,260 02
Bonds and debentures 3,247 25 103, 689 24
Premium notes, policy loans and liens 16, 428 07 57, 614 91
Total interest $ 184,263 76 S 275,564 17
— S 4.59.827 93
Gross premiums, less reinsured: — First Year. Renewal.
Due and uncollected $ 71,288 84 S 415,4.56 69
Deferred 48,421 21 169,075 09
Total _ % 119,710 05 S 584,53178
Deduct commissions and estimated loss in collection 59, 855 02 29, 226 59
Net premiums due and uncollected, and deferred S 59,855 03 $ 555,305 19
— 615,160 22
Total Non-Ledger Assets $ 1,074,988 15
Total Assets $19, 310,403 07
LIABILITIES.
Net liability under assurance, annuity, and supplementary contracts in force for payments
not due, dependent on life, disability or any other contingencj' or on a term certain
(-See Statement of Actuarial Liabilities) $16, 143, 381 00
Net surrender values claimable under cancelled contracts 8, 782 94
Net liability for unadjusted payments due under contracts: — Death losses, $98,173.70;
matured endowments, $8,500 106, 673 70
Provision for unreported death losses and disability claims 20,000 00
Amounts left with the Company (arising out of assurance contracts) including interest
accumulations: Dividends, $47,912.34; amounts assured, $52,539 100,451 34
Received from policyholders in advance: — Premiums 25, 183 43
Net dividends to policyholders due and unpaid .-. . . 38,813 99
Premium reductions on outstanding premiums and annuity consideration 1, 137 71
Net profits allotted to deferred dividend policies i-ssued on and after January 1, 1911 200, 508 46
Provincial, municipal and other taxes due and accrued 45,867 74
Dividends to shareholders due and unpaid 16,875 00
Balance of shareholders' surplus account 128, 286 00
Medical examiners' fees due and accrued 1,718 12
(Commissions to agents due and accrued 8, 293 61
Contingency Reserve Fund 97, 303 94
Items in suspense 1 , 776 85
Total LiabUitles $16,945,053 83
SHAREHOLDERS' SURPLUS ACCOUNT.
Balance, Dec. 31, 1919
Interest added during 1920
Shareholders' proportion of profits: —
Non-participating account
Participating account
$ 114,189
31,591
13,339
38,167
Dividends to shareholders
Grants to Community Service
Grants to Y.M.C.A
Balance, Dec. 31, 1920
Total
$ 67,500
1,000
500
128.286
Total
$ 197,286
$ 197,286
LIFE INSURANCE COMPANIES 145
SESSIONAL PAPER No. 8
The Imperial Life — Continued.
INCOME.
First Year. Renewal. Single.
Assurance premiums .« 1,049,041 74 $3,179,867 28 $ t72,571 41
Less reinsurance premiums paid 90,90172 228,843 21
Total net premiums $ 958,140 02 $2,951,024 07 $ 72,57141
$3,981,735 50
Consideration for annuities, single • 2, 000 00
Total net premium income and consideration for annuities $ 3,983,735 50
Consideration for supplementary contracts:-^
Involving life contingencies, $9,977; not involving life contingencies, $12,947 22,924 00
Amounts left with the Company at interest (arising out of assurance contracts): —
Dividends, $18,538.33; amounts assured, $14,000; 32,538 33
Interest, dividends and rents: —
Gross interest or dividends on —
Mortgages $340, 1 18 93
Bonds and debentures 522,484 34
Stocks 1,757 20
Premium notes, policy loans and liens 128,355 26
$992,715 73
Less interest on bank balances 4, 778 75
Total $987,936 98
Gross rents for Company's property (including $20,000 for Company's
occupancy of its own buildings) less .$33,596.45 for taxes, expenses and
repairs in connection with such properties 2, 129 49
Total interest, dividends and rents 990, 066 47
Gross profit on sale or maturity of ledger assets: —
Real estate, $3,818.75; bonds, .$61,389.98 65,208 73
Total Income $ 5,094,473 03
DLSBURSEMENTS.
Matured Disability
In respect of assurance contracts: — Death Claims. Endowments. Claims.
Death, endowment and disability claims —
Amount assured $631,776 40 $285,973 00 $30 00
Bonus addition 4, 105 00 700 00
Total $635,88140 $286,673 00 $30 00
Less received for reinsured 21,515 00 75,000 00
Net total $614,366 40 $211,673 00 $30 00
826,069 40
Net surrender values 220, 182 07
Net dividends —
In cash $227, 169 67
Left with the company at interest 18,538 33
Applied as single premiums: — ■
To purchase bonus additions $35,008 29
To purchase premium reduction 13,885 01
To shorten the endowment or premium period 6, 178 76
$55,072 06
Total net dividends 300,780 06
In respect of life annuity contracts: — Cash payments to annuitants 2,835 21
Total net disbursements in respect of assurance and annuity contracts .$ 1.349,866 74
Net payments on supplementary contracts: —
Involving life contingencies, $1,786.86; not involving life contingencies, $13,344.59 15, 131 45
Net reduction in premiums resulting from application of dividends 13,086 23
Amounts left with the company and interest accumulations withdrawn: —
Dividends, $4,836.68; amounts assured, $18,765.79 23, 602 47
Interest or dividends to shareholders 67, 500 00
*Taxes, licenses and fees (including taxes on investments but excluding taxes on real estate). 46,519 01
*Head office expenses:— Salaries, $179,378.11; directors' fees, $11,900; auditors' fees, $3,000;
travelling expenses, $7,850.84; rents, $12,500 214,628 95
*Branch office and agency expenses: — Assurance commissions — first year, $592,867.20; renewal,
$166,284.57; single, $243.50; annuity commissions — single, $40; advanced to agents,
$12,102.94; salaries, $149,323.35; travelling expenses, $17,899.31; rents, $27,462.67;
miscellaneous,S31,664.61 997,888 15
flncluding .$55,072.06 single premiums paid by application of assurance dividends.
*For investment expenses included in these items see page 146.
8—10*
146 DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
The Imperial Life — Continued.
DISBURSEMENTS— ConcZwfed.
•All other expenses: — Advertising, $22,122.76; books and periodicals, $1,210.81; express, tele-
grams and telephones, $7,059.30; legal fees, $2,597.46; medical fees, $49,558.43; office
furniture, $14,352.09; postage, $11,764.15; printing and stationery, $48,102.07; commis-
sions on loans, $2,131.01; subscriptions from shareholders' account, $1,500; miscellan-
eous, $22,408.28 $ 182,806 36
Gross loss on sale or maturity of ledger assets: — Bonds 4,000 00
Total Disbursements : $ 2,915,029 36
EXHIBIT OF ANNUITIES "
T ;f„
Arising out of Life A.ssurance Contracts.
Classification.
Annuities
Proper.
Involving
Life Con-
tingencies.
Not involving
Life Con-
tingencies.
Disability
Annuities.
Totals.
No.
Annual
Payment.
No.
Annual
Payment .
No.
Annual
Payment.
No.
Annual
Payment.
No.
Annual
Payment.
At end of 1919
15
1
S cts.
2,726 86
116 35
5
2
$ cts.
1,673 51
660 00
33
2
S cts.
12,951 13
848 96
373 65
$ cts.
53
8
$ cts.
17,351 50
3
720 00
2,345 31
373 65
Totals
16
2,843 21
7
2,333 51
35
14,173 74
3
720 00
61
20,070 46
Less ceased by: —
1
18 00
2
1,000 00
3
1,018 00
At end of 1920
15
2,825 21
7
2,333 51
33
13,173 74
3
720 00
58
19,052 46
670 00
670 00
EXHIBIT OF POLICIES.
(For policies herein included involving disability benefits see Abstract. 1
Classification.
Whole Life
Endowment
Assurances.
Term and
Other.
Bonus
Additions
Totals.
No.
Amount.
No.
Amount.
No
Amount.
No.
Amount.
At end of 1919
30,692
6,802
173
$
62,995,215
18,087,427
338,836
19,550
299,637
13,563
4,018
101
""25
$
27,485,268
11,504,968
202,379
18,000
52,751
429
111
3
$
1,959,047
885,600
25,500
$
194,628
69,811
44,684
10,931
277
$
92,634,158
New issued
30,-547,806
566,715
37,550
Transferred to
63
5
42,982
93
395,370
Totals
37,730
81,740,665
17,707
39,263,366
548
2,913,129
264,439
.55,985
124,181,599
Less ceased by: —
Death
187
460, 979
88
135
186,857
272,166
4,394
700
275
135
28
437
2,198
652,230
272,866
28
90,072
90,072
320
1,380
760,537
2,609,952
54,089
626,686
70,733
117
780
'262
28
276,852
1,466,728
33,210
530,590
49,000
4,540
1,041,929
38
"3
42
157,500
19,030
30,000
275,637
4,234,180
106,329
265
23
470
93
1,187,276
Transferred from . . .
395,370
Total ceased
2,175
4,582,976
1,350
2,815,403
ifl
572,239
9,634
3,636
7,980,252
At end of 1920
35,555
77,157,689
16,357
36,447,963
437
2,340,890
254,805
52,349
116,201,347
4,879,036
1,860,444
445,500
1,333
7,186,313
•Investment expenses included in these items: — Salaries: Head office, $22,963.10; branch
offices, $24,200; travelling expenses: Branch offices, .$2,083.44; taxes on investments,
$364.29; commissions on loans, $2,131.01; rents, 82,997.20; directors' fees, $10,828.98;
Insurance Dept. expenses, $630.78; miscellaneous, $7,772.34. Total Investment expenses.
$73,971 14
LIFE INSURA^WE COMPANIES
147
SESSIONAL PAPER No. 8
The Impekial Life — Continued.
MISCELLANEOUS
New policies issued and paid for in cash: — Number, 10,293; gross amount, $28,647,962; re-
insured in other licensed companies, $2,138,772.
Claims reinsured: — Death claims, $15,000; matured endowments, $75,000.
Net amount in force divided as to dividend plan: — Quinquennial, $86,363,409; deferred,
$17,460,049; non-participating, $5,191,576.
Total $109, 015, 034
STATEMENT OF ACTUARIAL LIABILITIES
AssuB.\NCE Section
Class of Contract
Gross in Force
Reinsured in Companies
licensed in Canada
Number
Amount
Reserve
Amount
Reserve
Ordinary with Profits: —
Life
34,553
16,119
13
$
73,705,916
35,885,835
35,546
254,805
$
9.907,133
5,886,903
1,671
146,646
35,913
2,802
20,160
$
4,253.867
1,803,444
$
506,625
Endowment Assurance
366 683
Term, etc
1,333
710
704
Totals '
50, 685
109,882,102
16,001,228
6,058,644
874,722
Ordinary without Profits: —
Life
1,002
238
424
3,451,773
562, 128
2,305,344
746,757
238,733
27,702
39
284
625,169
57,000
445,500
143,963
Endowment Assurance
32,862
Term, etc
3,733
Reserve for Extra Hazards
Totals
1,664
6,319,245
1,013,515
1,127,669
180,561
Grand Totals
52,349
116,201,347
17,014,743
7,186,313
1,055,283
Annuity Section
Class of Annuity
Gross in Force
Reinsured in Companies
licensed in Canada
Number
Annual
Payment
Reserve
Annual
Payment
Reser^'e
With Profits:—
Life Annuities Proper
4
6
30
3
$
206 19
1,836 65
8,673 74
720 00
$
3,250
38,832
106,642
4,044
$
$
Supplementary contracts: —
Involving life contingencies
Not involving life contingencies. . . .
Disability Annuities
Totals
43
11,436 58
152,768
Withovt Profits:—
Life Annuities Proper
11
1
3
2,619 02
496 86
4,500 00
24,171
9,724
104,230
Supplementary contracts: —
Not involving life contingencies —
670 00
16,972
Totals
15
7,615 88
138,125
670 00
16,972
Grand Totals
58
19,052 46
290,893
670 00
16,972
8—101*
'.I GEORGE V, A. 1921
148 DEPARTMFXT OF JXSVRANCE
The Imperial Life — Continued.
SUMMARY OF RESERVE
With Without
Profits Profits Total
Total reserve, poJicy and annuity contracts $16,153,996 $1,151,640 17,305,636
Total reserv^e on reinsured contracts 874,722 197,533 1,072.255
Totalnetreser\'e on the Company's basis of valuation $15,279,274 $ 954.107 $16,233,-381
Deduction made therefrom (permitted under Section 43 (3), — =
Insurance Act, 1917) 90. 000
Full deduction permitted, adjusted for reinsured, being (S 572. 389
Net reserve carried in the liabilities $16, 143, 381
Net reserve estimated on the statutory basis (without deduction) $15,897. 154
Reserve maintained hy the Company in excess of the statutory reserve 336, 227
MISCELLANEOUS STATEMENT.
[. The calculation of the "Reserve" in the "Statement of Actuarial Liabilities" —
(1) Participating policies issued on Ordinary plans under age 51 were grouped according to year
of issue, age at issue and plan of assurance. All other policies and annuities were valued individually.
Participating Endowment policies were further arranged in groups containing five ages, namely 20-24;
25-29, and so on, and these groups were valued as at age 22, 27. etc., respectively. For assurances other
than sub-tropical and tropical the basis of valuation was the Institute of Actuaries' Hm table of mortality,
with interest at 3 per cent. Annuities were valued upon the British Offices' Life Annuity Table, with
interest at 3 per cent. Supplementary contracts were valued on a 3 per cent interest basis, except those
cases in which the commutation of instalments had been on a three and one-half per cent or four per cent
interest basis, in which cases they were valued on a 31 per cent interest basis.
Assurances other than tropical and sub-tropical were valued at age next birthday for policies issued
prior to the 1st of December. 1914, and age nearest birthday for those isued on and after the said date.
Annuities were valued at age last birthday. The valuation was made from tables of "mid-j'ear'.' reserves
calculated according to the net premium method.
Special Classes —
(a) Assurances on lives resident in tropical or sub-tropical countries were valued at age next birth-
day on the basis of the American Tropical Table of Mortality, with interest at 3 per cent.
(6) Policies issued at premiums corresponding to ages higher than the true ages were valued at
those higher ages.
(c) Policies subject to liens were valued for the full sum assured, no account being taken of the
lien.
(d) Policies issued subject to an extra premium: The extra is payable annually and half the extra
for the year is added to the ordinary reserve.
(e) The above include all forms in which policies on sul>standard lives are issued by the Company.
(/) The Disability Benefits provided up to the end of 1920 were: (a) The waiver of premium
on total and permanent disability and the option of receiving the sum assured in twenty yearly
instalments; (h) The waiver of premiums on total and permanent disability and the payments of a
monthly income for the duration of the policy, and the sum assured at maturity; (c) The waiver
of premiums on total and permanent disability.
(1) Before occurence of disability, a special reserve fund is maintained of one-half of all disability
premiums remaining after the losses incurred under this benefit have been deducted.
(2) After occurence of disability, where future premiums are waived, the policy is valued as a
paid-up contract: where policy is payable in instalments, the commuted value of unpaid instalments
is treated as a liability; in case of a disability claim under class 'h) above, the sum assured is valued
as a paid-up contract and the monthly income is valued on Hunter's Disability Tables with 3%
interest.
(o) No annuities exist on lives classed as "under average".
(2) Items of Special Reserve —
(a) No additional reseri^e is held under limited and single premium policies on account of prepaid
or limited loadings or on account of future expenses under annuities.
(6) Policies contain no benefits which exceed in value the Hm 3% reserve, which is the basis
of valuation employed.
(c) Except for the general contingency reserve fund no reserve is maintained in excess of the cash
value on lapsed policies, not automatically continued, subject to reinstatement.
(d) To cover the option of renewal under term policies a reserve is accumulated during the
period in which the policy may be renewed equal to 15 per cent of the office premiums paid.
(e) To "cover the option of conversion a reserve is accumulated during the period in which the
policy may be converted either as at the original age at entry or as at age attained at date of conversion
equal to 15 per cent of the office premiums paid.
CO Apart from the above special reserve there is maintained a general contingency reserve fund.
II. No distinction is made between the surrender values on the Special Class policies above and those
issued at Canadian rates.
III. The average rate of interest e:irned during the year on the mean net ledger assets was 6-33 per cent.
LIFE INSURANCE COMPANIES
149
SESSIONAL PAPER No. 8
The Imperial Life — Continued.
MISCELLANEOUS STATEMENT— Concludrd.
IV. The distribution of surplus: —
(a) Division between policyholders and shareholders.
The shareholders' account is credited quarterly with interest on the balance of the account and
on the paid-up capital stock at the net rate for the year (adjusted for due and accrued and decreased by
investment expenses) and debited with the dividends paid shareholders. The balance which results
at the end of the year is increased by the surplus derived in the year from non-participating policies
and by 10 per cent of the surplus derived from participatina: policies.
Profits realized from the sale of securities are divided between shareholders and participating
policyholders in accordance with the Insurance Act, namely, that proportion which the reserve on
participating policies bears to the reserve on non-participating policies and losses incurred in the sale
of securities are charged in the same proportion.
ih) In computing dividends to policyholders four factors were employed, namely interest,
mortality, loading and withdrawal. Assumed factors were used to prepare tables of total yearly
surplus earnings for each age, duration and form of policy. Each policy entitled to surplus in the year
has credited to it additional surplus in that year, found by taking such proportion of the respective
yearly surplus of the tables as the total additional surplus actually set aside for distribution in the
year is to the total additional surplus for the year on all such policies, as given by the tables. The
amounts thus credited are accumulated from year to year. The factors assumed in preparing the
tables were: Interest Surplus 1-25% of Hm 3?% reserve; Mortality Surplus 20% of the cost of
insurance (Hm 3i%) to attained age 50, thereafter decreasing by -5 % for each higher age; Loading
Surplus 75% of the balance of loading on the Hm .3|% basis after deducting 5% of the office premiums
and -2% of the sum assured: Withdrawal Surplus 2t% of the surplus which was carried forward
from the preceding year; Interest Accumulation Factor 4-75%,. For the year 1920 the additional
surplus apportioned to each policy was 75% of the respective additional yearly surplus shown in the
tables. The basis on which the dividends are converted are as follows: Temporary PVemium Reduc-
tion— Hm .3j% Select; Permanent Premium Reduction — British Offices 31% Select; Paid-up Insur-
ance— Hm (5) 31%; Reduction of Premium Term — Hm 3|%; Reduction of Endowment Term — Hm
a 2 zo-
ic) Only two participating annuities exist. The dividends consist of 2-38% of the present value
of the annuities.
DEFERRED DIVIDEND POLICIES.
Issued prior to .January 1, 1911, and Amount of Profits contingently apportioned thereto.
Total Profits
Net Amount Contingently
Apportioned.
Year
of
Issue. in Force.
1898 S 19,000 00 $ 3,672 83
1899 4,000 00 754 19
1900 1,000 00 243 62
1901 754, .381 00 161 . 690 04
1902 1,024,500 00 194,963 87
1903 981,379 00 166,836 76
1904 1,213,792 00 183,774 72
Year
of
Issue.
1905 .
Total
NetAmount
in Force.
$1,275,.5.52 00
1906 8.57,406 00
1907 1,161,128 00
1908 1,425.916 00
1909 1,758.988 00
1910 2,162,733 00
Profits
Contingently
Apportioned.
$ 167,303 18
103,984 40
124,252 99
1.33,514 90
139,456 24
146,330 71
Totals $12,639,775 00 .11,526,778 45
Issued on and after .January 1, 1911, and Amount of Profits credited thereto.
Year Total Profits
of NetAmount Credited.
Issue. in Force.
1911 $1 ,529,266 00 $ 89, 678 19
1912 1,021,5.58 00 51,460 97
1913 657,000 00 26,290 50
1914 477,850 00 15, .571 54
1915 411,800 00 11,177 34
1916 304,800 00 6,329 92
Year Total Profits
of NetAmount Credited.
Issue. in Force.
1917 $ 199,000 00 Nil.
1918 74,000 00 Nil.
1919 40,000 00 Nil.
1920 105,000 00 Nil.
Totals $4,820,274 00 $ 200. 508 46
Schedule A.
Real estate —
Alberta — Rural property, twenty-six parcels, each under $2,600 book value...?
Manitoba — Rural property, one parcel
Ontario —
Toronto, Head Office Bldg., 16-20 Victoria St
Toronto, 24-30 Victoria St
Saskatchewan — Rural proprety, five parcels, each under $2,900 book value..
Book value.
38,235 86
6,303 24
311,527 19
84,3.35 45
9,206 56
$ 449,608 .30
150
DEPARTMEXT OF ISSURANCE
M GEORGE V, A. 1921
The Imperial Life — Conlinuetl.
Schedule C.
•Bonds and debentures —
Governments —
Canada —
Bonds i
Stock
Victory Loan
War Loan
Provinces of Canada —
Alberta — Debentures
^lanitoba — Rezistered Stock
New Brunswick — Debentures
Nova Scotia — Debentures
Ontario — Bonds
Debentures
Quebec — Bonds
Inscribed Stock
Registered Stock
Saskatchewan — Bonds
Registered Stock
Other Governments —
United Kingdom of Great Britain and
Ireland — Bonds
Jamaica — Inscribed Stock
Newfoundland — Bonds and Inscribed
Stock
Russia — External Loan
Par value.
24,333 33
121.666 66
4,574,700 00
50,000 00
74,086 66
48,606 GO
50,000 00
25,000 00
100,000 00
460,000 00
24,333 33
50,000 00
25.306 66
.50,000 00
97,333 .33
.50.000 00
121,666 66
148,666 66
50,000 00
Book value.
5 22.798 12
83,692 .37
4,. 540. 022 .56
49,222 95
71.436 .55
37.965 II
49,036 70
23.792 4(i
97.690 80
4.32.116 27
21.598 23
40.861 02
21.460 61
42.929 .33
72.819 78
.50,829 .53
91,844 69
132,647 .57
Department's
value.
$ 22,798 12
83,692 37
4,. 540, 022 50
49, .500 00
70,472 60
39,420 00
49,030 70
23,792 46
97,690 86
432,116 27
21,, 598 23
36,. 500 00
21,460 61
42.929 33
77,866 66
.50,829 53
91,844 69
133,274 13
$6,145,739 95 .5 5,882,764 71 §5,884,845 18
Cities —
Alberta —
Calgary S
Lethbridge
Medicine Hat
Strathona
British Columbia —
Chilliwack
Kamloops
Kelowna
Nanaiino
Nelson
Revelstoke
Vernon
Victoria
Manitoba —
Brandon
St. Boniface
Winnipeg
Ontario —
Brantford
Fort William
Guelph
Kingston
London
Niagara Falls
Peterboro
Port A rthur
Sault Ste. iVIario
Stratford
Toronto
Windsor
Woodstock
Quebec —
Hull
Lachine
Montreal
Quebec
Sorel....
ThreeRivers
Verdun
.35,846 66
35.520 66
25.840 00
.30,000 on
15,000 00
22,000 00
26,809 no
10,000 00
20,000 00
10,000 00
25,000 00
51,692 09
25,000 00
31,7.33 .35
2.36.8.55 51
25,000 00
35,000 00
.33,. 594 46
.50,200 00
50,000 00
2,424 68
50,000 00
20,000 00
10.000 00
40,000 00
284,499 99
94,. 399 99
28.890 11
34,000 00
25,000 00
24,333 33
50,000 on
7.000 00
21.000 00
25.000 00
.33,031 47
.30,635 37
22,763 51
30,583 04
15,478 .57
21.006 .55
25,698 48
9,197 00
18,796 51
9,2.32 92
23,175 78
48,141 05
21,725 70
30.078 97
204.. 380 96
24.463 74
31,. 385 .55
28,744 11
49,288 51
49,628 76
2.. 364 71
48,008 26
17,838 48
9,341 90
37,639 14
2.55,331 01
91,022 66
26.464 .59
21.
,427 30
!37 85
13,504 99
49,518 48
6.. 537 67
17.. 371 67
23,0)5 86
jt-ti
32,052 57
.30,908 19
22,480 80
29,6.50 00
14,100 00
21,865 00
26,477 82
9,400 on
18,000 00
8,900 00
24,250 00
47,789 04
23,250 00
29,829 .35
201,884 64
24,750 00
32,400 00
28,. 561 90
48,694 00
49,628 76
2,327 69
48,608 20
18.600 00
9,. 500 00
37.400 00
256,940 38
91,022 66
26,533 61
33,710 on
23,2.50 00
13,-504 99
49,518 48
6,300 00
17,7.50 00
25,. 500 00
*Of which are on deposit with Rccijiver General: — Province of .\lberta, .S15,000: fity of Calgary,
$12,000: Citv of Guelph, SIO.094.46; City of King.ston, S.50,200; City of Nelson. .<20,000; City of Strathcona,
$25,000; City of Toronto, $50,000; City of Winnipeg, $25,000; Town of Collingwood, $8,300; Rural Muni-
cipality of I^ort Garrv, $10,500; District of Oak Bay, $15,000; District of Penticton, $5,000.
LIFE INSURANCE COMPANIES
151
SESSIONAL PAPER No. 8
The Imperial Life — Continued.
Schedule C — Continued.
Bonds and debentures — Continued.
Cities — Concluded. Par value. Book value. Department'.?
Saskatcheican — value.
Moosejaw I 6,000 00 | 4,737 74 $ 5,020 00
North Battleford 10, 220 00 9, 59.3 69 9, 198 00
Prince Albert 25,. 564 .50 12,782 25 12,782 25
Regina 70,000 00 66,32125 67,270 88
$ 1,623,430 33 $ 1,474,736 05 $ 1,480,209 .33
Towns —
Alberta— Macleod S 12,000 00
Manitoba — Transcona 26,000 00
Nova Scotia —
Glace Bay 25,000 00
Sydney 25,000 00
Ontario —
Chatham 55,813 45
Cobourg 25,000 00
Kenora 27,754 94
North Bay 18,369 94
Parry Sound 15, 505 14
Preston 21,449 .36
Renfrew 15,121 51
Sandwich 11,9.58 76
Simcoe 20,000 00
Sudbury 27, 125 28
Thorold 15,975 23
Trenton 13, .324 .34
Wallaceburg 15,000 00
Thirteen other towns, par value for none
exceeding .510,200 91, .598 48
Quebec —
Joliette 15,000 00
St. Laurent 32,000 00
St. Jerome 20, 000 00
Sault au Recollet 20,000 00
Shawiningan Falls 15, 000 00
Saskatchewan —
Estevan • 20, 460 19
Humboldt 26,090 .52
Kinderseley 8, 642 95
Swift Current 10,000 00
Wilkie 11.858 66
Yorkton 46, 776 55
11,914 01
25,882 41
20,766 14
21,148 59
53.257 39
23,292 64
26,. 334 93
17,4.58 31
15,. 505 14
22,079 78
15,186 46
11.893 .30
20,233 54
24,725 68
15,814 24
11,902 89
14,943 89
89,401 76
13,291 98
26,445 75
16,945 11
19,033 96
14,274 29
18,012 94
24,979 15
7,985 88
10,073 55
10.153 38
42.652 45
11.760 00
25.220 00
20,250 00
21,250 00
53,257 39
22,500 00
27,754 94
17.736 78
15,970 29
22,9.50 81
15,393 79
12,317 .52
20,400 00
25,2.37 76
16,398 62
12,658 12
15, 1.50 00
90,178 42
13,650 00
27,840 00
17,000 00
22,200 00
14,850 00
17,186 55
25,307 80
7,981 51
9,800 00
10.079 86
42,504 54
S 687,825.30 S 645,589 54 $ 654,784 70
Villa'jes —
Momto6a— Elkhorn $ 36120 $ 349 28 S 343 14
Ontario —
Brighton 10,802 49 10,802 49 11,4.50 64
Chatsworth 4,000 00 4,000 00 4,120 00
Morrisburg 2.318.55 2,03189 2,017 14
Thamesville 5.804 34 5,804.34 6,036 51
Granby 12,000 00 11,445 85 11,160 00
St. Pierre 18,000 00 18,000 00 17,820 00
53,286 58 $ 52,4.33 85 $ 52,947 43
'Townships, Districts or Municipalities —
British Columbia —
Coquitlam S 10, 000 00
North Vancouver 20,000 00
Oak Bay 25,000 00
Penticton 15,000 00
Point Grey 31,6.32 90
Richmond 15, 000 00
South Vancouver 20. 000 00
Manitoba —
Assiniboia 27, 190 04
East Kildonan 15,000 00
Fort Garry 35,000 00
Greater Winnipeg Watc- District 123, 360 00
St. Vital 15,000 00
West Kildonan 15.000 00
8,839 53
18,292 83
24,575 01
13,298 20
27,285 15
11,402 51
17,999 42
24,869 89
14,086 10
35,682 07
117.215 39
15,280 86
13,620 OS
8,700 00
16,800 00
24,700 00
13,450 00
27.285 15
11,400 00
17,000 00
25,143 19
14,066 10
35,000 00
117,215 .39
15, 1.50 00
14,2.50 00
152 DEPARTME^'T OF INSURANCE
11 GEORGE V, A. 1921
The Imperial Life — Continued.
Schedule C — Concluded.
Bonds and debentures — Covcludrd.
Townships, Villages or Municipalities — Con. Par value. Book value. Department's
Ontario— value.
Harwich $ 17,000 00 $ 17,098 26,$ 17,680 00
Three other townships par value for each
under $.3,J00 6,745 77 6,7.30 27 6.794 71
$ .390,928 71 $ .366.2.5.5 .57 ? 364.6-34 54
Counties —
Ontario — Stormont, Dundas and CUen-
garry " ? .50,000 00 ? .50,000 00 .$ .50.000 00
Schools —
A/anito6a— Bradwardine $ 600 00 S .581 .34 ? 600 00
Quebec —
Maisonneuve .50, 000 00 48, 151 89 48, 151 89
Montreal, R.C 100,000 00 93,512 10 99,000 00
St. Francois de Solano 10,000 00 10,562 52 10,100 00
S 160,600 00 .? 1.52,807 85 « 157,85189
Railways —
C'anadian Northern Ontario Ry. 1st
mtse. (G'teed by Dom. of Canada)
1961, 3i p. c I 87,600 00 S 48,289 12 $ 48,289 12
Canadian Northern Western Ry., 1st
mtge. (G'teed. by Alberta), 1943,
4i p.c .50,000 00 .37,419 95 .37,419 95
Grand Trunk Pacific Ry. (G'teed by
Dom. of Canada) 1962, 4 p.c 121,500 00 90, .397 29 90,.397 29
Niagara, St. Catharines and Toronto
Ry., 1st mtge., 1929, 5 p.c 47,000 00 45,038 84 44,180 00
S 306.100 00 ? 221,145 20 $ 220,286 36
Miscellaneous —
J. H. Ashdown Hardware Co., Ltd.,
1st Mtge., 1928, 5 p.c S .50,000 00 S 46,83118 -S 46, .500 00
Bell Telephone Co. of Canada Ltd., 1st
mtge., 1925, 5 p.c 24,000 00 23,762 07 23.760 00
Canadian Realty Corpn., Ltd., 1st
mtge., 1921-1949, 6 p.c 114,000 00 114,000 00 114,000 00
Central Canada Loan and Savings Co.,
60 days' notice, 5 p.c 60,000 00 60,000 00 60,000 00
Dominion Realty Co., Ltd., 1st mtge.,
1921-1924, 5-2 p.c 79,03157 79,031.57 76,660 62
Dominion Realty Co., Ltd., 1st mtge.,
1921-1935, 6 p.c 196,004 .35 196,004 35 199,924 43
Dominion Realty Co., Ltd., 1st mtge.,
1921-1936, 6 p.c .50,97189 .50,97189 .50,97189
Dominion Realty Co., Ltd., 1st mtge.,
1921-19.38, 6 p.c 109,16127 109,16127 109,16127
Dominion Realty Co., Ltd., 1st mtge.,
1921-19.39, 5f p.c 112,977 90 112,977 90 112,977 90
Essex Border Utilities Commission,
1946 to 1948, 6 p.c 40,838 44 42,940 27 42,940 27
Harris Abattoir Co., Ltd. 1st mtge. S.
F., 1928, 6 p.c 25,000 00 24,482 31 25,000 00
Hydro Electric Power Comm. of
Ontario (G'teed by Ontario) 1957,
4 p.c 50,000 00 35,208 53 35,208 53
Nova Scotia Steel and Coal Co., Ltd.,
6 mos. notice, 6 p.c .50,000 00 48,000 00 47, 500 00
Simpson TRobert) Western, Ltd., 1st
mtge. (G'teed by Robert Simpson
Co., Ltd.)1928-1931, 6 p.c 50,000 00 49,628 79 50,000 00
Toronto Harbour Commissioners, 1st
mtge. (G'teed by Toronto) 1953,
41 p.e 50,000 00 41,4.39 47 41,439 47
Toronto Housing Co., Ltd., 1st Mtge.
(G'teed by Toronto) 1953, 5 p.c 25,000 00 23,107 57 24,.i00 00
Toronto Power Co., Ltd., 1st mtge.
(G'teed by Toronto Railway Co.) „„
1924, 5 p.c.. 25,000 00 24,22109 23,2o0 00
Governors of the University of Alberta,
1st Mtge. (G'teed by Alberta)
1924, 4rp.c.. 25,000 00 24,317 65 23,500 00
$ 1,136,985 42 $ 1,106,085 91 $ 1,107,294 38
110,554,896 29 $9,951,818 68 $9,972,853 81
LIFE INSURANCE COMPANIES 153
SESSIONAL PAPER No. 8
The Imperial Life — Continued.
Schedule E.
Cash in banks — ~ , n^y 04^
Bank of Bermuda, Bermuda , t^ , ' j 99'qns fin
Canadian Bank of Commerce, London, England ' 07 sV
Peterboro ii, ,o
Sherbrooke . oil II
Colonial Bank, British Guiana '?'=«! 40
St. Lucia n w
Imperial Bank of Canada, Brandon " f^
Brantford 40 18
f'algary 78 M
Edmonton ^^^ i.^
London 79 90
Montreal -l oa
Port Arthur ion at
Vancouver 00 «?
Windsor ^8b4
Winnipeg ^4 00
Bank of Nova Scotia, Barrie ,„, ^^
Guelph 101^5
Hamilton 200 00
Quebec l^f
Regina ««9 JJ
:: :: ^tratford 224,40663
" Toronto loT nn
Toronto (Branch Trust Account) d\ \7
Royal Bank of Canada, Antigua „ „„„ „,
Barbados 2,866 01
:: :: g^^X^-;::::;::::;::::::::::::::::::;::::;::: ::::::::: ':
E!ca:;:::::::::;:;::::::;;::::::::::::::::::::: 24,48370
Newfoundland oVn q^
Porto Rico 18 92
" " St. John „_n n-
St. Kitts 679 97
Sudbury 4 19-^06
$ 300,786 23
ASSETS OUT OF CANADA.
Ledger Assets.
Mortgage loans on real estate, first liens ■ .- ^ 160,000 00
Amount secured by the Company's policies in force, the reserve on each policy
being in excess of all indebtedness: —
Loans to policyholders . ob nfis r9
Advances to policyholders under automatic non-forfeiture provisions .J8,0bb b^ ^^
Book value of bonds, debentures and debenture stocks owned by the Company ^^
{For details see Schedule H) ;,,,,' 't\ 7t;' Qnn Rfi
Cash: At Branch Offices, ,|2,0I6.36; in banks, $73,784.24 (For details see Schedule J) ^I:___
Total Ledger Assets out of Canada $ 706,784 54
Non-Ledger Assets.
Interest, due, $1,735.65; accrued, $11,676.89 „ ■ ■ ^ 13,412 54
Gross premiums, less reinsured:— First Year Renewal.
Due and uncollected $ 18,210 1.5 $ 54,914 62
Deferred 8,286 65 36,064 35
Total * 26,496 80 $ 90,978 97
Deduct commission and estimated loss in collection 13,248 40 4,548 90
Net premiums due and uncollected, and deferred $ 13,248 40 $ 86,430 02
99,678 42
Total Non-Ledger Assets out of Canada $ 113,090 96
Total Assets out of Canada $ 819,875 50
154
DEPARTMENT OF INl^URANCE
',^ GEORGE V, A. 1921
The Imperial Life — Contimied.
LIABILITIES OUT OF CANADA.
Net liability under assurance, annuity, and supplementary contracts in force for payments
not due. dependent on life, disability or any other contini^ency or on a term certain . .$ 1,
Net surrender values claimable under cancelled contracts
Net liability for unadju.sted payments due under contracts: — Death losses, $37,805.85;
matured endowments, -?2,500 ,
Dividends left with the Company (arising out of assurance contracts) including interest
accumulations
Received from policyholders in advance:— Premiums ■
Net dividends to policyholders due and unpaid
Premium reductions on outstanding premiums and annuity consideration
Government, municipal and other taxes due and accrued
Medical exam iners' fees due and accrued
Commissions to agents, due and accrued
626, 725
00
433 85
40.305 85
5. 108 05
1,179
27
5,669
57
103
26
415 27
600
12
368
13
Total Liabilities out of Canada $ 1,680,908 37
PREMIUM INCOME AND ANNUITY CONSIDERATION OUT OF CANADA.
First Year. Renewal. Single.
Assurance premiums $ 135,682 091383,143 21 $ 8.020 82
Less reinsurance premiums paid 17,782 20 22,830 67
Total net premiums $117,899 89 $.360,312 54 8 8,020 82
$ 486,233 25
DISBURSEMENTS IN RESPECT OF ASSURANCE AND ANNUITY CONTRACTS
OUT OF CANADA.
In respect of assurance contracts: — Death Matured
Death and endowment claims— Claims. Endowments.
Amount assured $ 75,049 50 $ 17,000 00
Bonus addition 760 00 60 00
Total $ 75,809.50 $ 17,060 00
Net surrender values
Net dividends —
In cash
Left with the company at interest
.Applied as single premiums: —
To purchase bonus addition
To purchase premium reduction
To shorten endowment or premium period.
Total net dividends
92,869 50
16,514 .52
7,056 71
869 38
94 73
8,446 99
1,405 05
8,020 82
17,872 86
Total net disbursements in respect of assurance contracts out of Canada. $
EXHIBIT OF POLICIES. (Out of Canada.)
127,256 88
Classification.
Whole Life.
Endowment
Assurances.
Term and
Other
Bonus
Additions
Totnls.
No.
Amount.
No.
Amount.
No.
Amount.
No.
Amount.
At end of 1919
New issued
2,604
854
28
$
4,290,773
1,638,. 544
40,. 500
500
24,500
2,. 3.39
551
26
S
4,193,045
1,601,716
33,. 500
8
$
27,000
$
29,945
11,189
4,951
1,405
54
$
8,. 540, 763
3,251,449
Old revived . . .
74,000
Old increased
500
Transferred to. . .
4
4
4,000
8
28,500
Totals
3,490
5,994,817
2,920
5,832,261
8
27,000
41,134
6.418
11,895.212
Less ceased by:—
Death
16
.39,539
26
15
27
144
.33
2
66,698
16,000
48,116
207, 7.50
3,002
63,000
1,500
749
60
1,054
42
15
36
.342
106,986
Maturity.
16,060
Surrender
9
197
21,. 3.50
282,600
2,211
102,000
34,000
70,520
Lapse
1
1,000
491,350
5,213
Not taken.. . .
52
6
85
9
165,000
Transferred from . . .
1
8,000
43,500
Total ceased
280
481,700
247
406,066
2
9,000
1,863
529
898,629
At end of 1920
3,210
5,513,117
2,673
5,426,195
6
18,000
39,271
5,889
10,996,583
Reinsured
.341,000
317.500
658,. 500
LIFE INSURANCE COMPANIES 155
SESSIONAL PAPER No. 8
The Imperial Life — Condvded.
MISCELLANEOUS.
New policies issued and paid for in cash: — -Number, 1,276; gross amount, $2,936,658; rein-
sured in other licensed companies 1330,500.
Claims reinsured: — Death claims, $15,000.
Schedule H — Out of Canada
Department's
Bonds and debentures — Par Value. Book Value. Value.
Governments —
Canada— Victory Loan $ 50,000 00 % 50,000 00 $ .50,000 00
Canada— War Loan 50,000 00 49,222 95 49,500 00
Quebec— Inscribed Stock 50,000 00 40,86102 36,500 00
Newfoundland— Bonds and Inscribed Stock. . 148,666 66 132,647 57 133,274 13
$ 298,666 66 % 272.731 54 S 269,274 13
Schedule J — Out of Canada.
Cash in banks —
Bank of Bermuda, Bermuda
Canadian Bank of Commerce, London, England.
Colonial Bank, British Guiana
Colonial Bank, St. Lucia
Royal Bank of Canada, Antigua
Royal Bank of Canada, Barbados
Royal Bank of Canada, Dominica
Royal Bank of Canada, Grenada
Royal B . nk of Canada, Hayti
Royal Bank of Canada, Jamaica ,
Royal Bank of Canada, Newfoundland
Royal Bank of Canada, Porto Rico
Royal Bank of Canada, St. Kitts
Royal Bank of Canada, Trinidad
% 1,827 94
22,908 60
5,228 80
1,564 49
541 17
2,866 01
3,335 61
5,129 60
248 45
24,483 70
535 59
310 35
679 97
4,123 96
% 73,784 24
156 • DEPARTMENT OF JNISURANCE
'i1 GEORGE V, A. 1921
THE LIFE ASSOCIATION OF SCOTLAND.
Statemknt foh the Year ending April 5, 1920.
Manager, Gordon Douglas, F.I. A.. F.F.A. — Secretary, R. M. M. Roddick, F.F.A., M.A. —
Principal Office, 82 Princes Street, Edinburgh — Attorney in Canada, Chas. M. Holt — Can-
adian Director, J. D. Kippen — Head Office in Canada, 107 St. James Street, Montreal.
(Established March 23, 1839. Incorporated 1839. Commenced business in Canada, September, 1857).
CAPITAL STOCK.
Authorized and subscribed $ 1,946,666 66
Paid in cash 425,833 33
ASSETS IN CANADA.
Ledger Assets.
Held solely for the Protection of Canadian Policyholders.
Department's
Bonds and debentures on deposit with the Receiver General: — Par value. value.
Province of Manitoba Debentures $ .58,400 00 $ .52,560 00
Province of Quebec Inscribed Stock 117, 530 00 85, 796 90
$ 175,930 00 S 138,356 90
Carried out at Department's value $ 138, 356 90
Other Ledger Assets.
Amount secured by the Company's policies in force, the reserve on each policy being in
excess of all indebtedness: —
Loans to policyholders $ 15, 105 94
Premium obligations 10.474 17
25,580 11
Cash in Merchants Bank of Canada, Montreal 34, 173 66
Total Ledger Assets $ 198,110 67
Non-Ledger Assets.
Interest on premium notes, policy loans and bank account — due, $241.66; accrued, $1,008.18. $ 1,249 84
Gross premiums, less reinsured, due and uncollected (renewal) 1, 167 04
Total Non-Ledger Assets , $ 2,416 88
Total Assets in Canada $ 200,527 55
LIABILITIES IN CANADA.
Net liability under assurance contracts in force for payments not due, dependent on life,
calculated on same basis as in valuation $ 235, 125 42
Net liability for payments due under contracts: — Death losses adjusted but unpaid 14, 106 50
Total Liabilities in Canada $ 249, 231 92
INCOME IN CANADA.
Assurance premiums:— Renewal, $3,173.58; single, $996.62 $ *4, 170 20
Interest on premium notes, policy loans and bank account 2,049 61
Total Income in Canada $ 6,219 81
*Inclu ling $996.62 single premiums paid by application of assurance dividends.
LIFE INSURANCE COMPANIES
SESSIONAL PAPER No. 8
The Life Association of Scotland — Concluded.
157
DISBURSEMENTS IN CANADA.
In respect of assurance contracts: —
Death claims — Amount assured, $18,331.49; bonus addition, $2,330.07.
Net surrender values
Net dividends —
In cash
Applied as single premiums — To purchase bonus addition $
To purchase premium re-
duction
404 53
592 09
Total net dividends
Total net disbursements in respect of assurance contracts.
121 59
996 62
Taxes, licenses and fees (including taxes on investments but excluding taxes on real estate) .
Montreal office and agency expenses: — Salaries
All other expenses' — Legal fees, $210; postage, $21.46; printing and stationery, $19.09; mis-
cellaneous, $2.57
Total Disbursements in Canada.
20,661 56
25 36
1,118 21
.$ 21,805 13
2 42
169 02
253 12
.$ 22,229 69
EXHIBIT OF POLICIES. (Canadian Business.)
Classification.
Whole Life.
Bonus
Additions.
Totals.
No.
Amount.
No.
Amount.
At 5th April, 1919
Less ceased by: —
Death
152
17
$ cts.
214,688 03
18,710 37
$ cts.
72,133 79
2,922 42
152
17
$ cts.
286,821 82
21,632 79
At 5th April, 1920
1.35
195,977 66
^9,211 37
135
265, 189 03
158
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
THE LIVERPOOL AND LONDON AND GLOBE INSURANCE COMPANY, LIMITED.
Statement for the Year ending December 31, 1920.
Chairman, A. K. Barnes — General Manager and Secretary, Hugh Lewis — Actuary, H. G.
KiLPATRiCK — Principal Office, Liverpool, England — Chief Agent in Canada, J. Gardner
Thompson — Canadian Directors, James Carruthers, M. Chevalier, W. Molson Mac-
pherson. Sir Alexandre Lacoste, Sir Frederick Williams-Taylor — Head Office in
Canada, Montreal.
(Organized May 21, 18 6. Incorporated July 14, 1836. Commenced business in Canada June 4, 1851)
CAPITAL STOCK.
Authorized £ 3,000,000
Subscribed 2,6.55,250
Paid in Cash 531,050
(For Assets in Canada see Fire Statement, Vol. 1.)
LIABILITIES IN CANADA.
Net liability under assurance, annuity, and supplementary contracts in force for payments
not due, dependent on life, disability or any other contingency or on a term certain
Net liability for payments due under contracts: Death losses adjusted but unpaid, $4,000;
unadjusted, S480
Net dividends to policyholders due and unpaid
Provincial, municipal and other taxes due and accrued (estimated)
Total Liabilities in Canada
INCOME IN CANADA.
Assurance premiums, (renewal)
Dividends left with th • Company at interest (arising out of assurance contracts)
Income Tax on Annuity Payments
Total Income in Canada
.$
1;
72,332 00
4,480 00
2,251 47
25 00
.%
79,088 47
.$
2,482 48
57 16
60 12
.$
2,599 76
DISBURSEMENTS IN CANADA.
In respect of assurance contracts: —
Death and endowment claims —
Amount assured
Bonus addition
Death
Claims.
Matured
Endowments.
9,000 00 .?
5,945 00
409 50
Total net payments $ 14,945 00 $
Net dividends left with the company at interest
In respect of life annuity contracts: — Cash payments to annuitants.
487 30
Total net disbursements in respsct of assurancs and annuity contracts.
Taxes, licenses and fees (including taxes on investments but excluding taxes on real estate).
Branch office and agency expenses: — Assurance commissions — renewal
All other expenses: — Legal fees, $18; postage, S19.85; exchange, $76.34
Total Disbursements in Canada $
15,432 30
57 16
200 38
.S 15,689 84
44 2"
282 12
114 19
16, 130 44
LIFE IN8VRAXCE COMPANIES
SESSIONAL PAPER No. 8
The Liverpool and London and Globe — Concluded.
EXHIBIT OF POLICIES.
159
Classification.
Whole
Life.
Endowment
Assurances.
Bonus
Additions.
Totals.
No.
Amount.
No.
Amount.
No.
Amount.
At end of 1919
54
2
$ cts.
82,058 86
1,200 00
15
$ cts.
15,586 65
$ cts.
29,651 90
218 40
57 16
69
2
$ cts.
127,297 41
1,418 40
57 16
Increased bonus
Totals
56
83,258 86
15
15,586 65
29,927 46
71
128,772 97
Less ceased by: —
Death
7
11,480 00
6,541 17
84 00
7
1
18,021 17
564 00
Maturity
1
480 00
7
11,480 00
1
480 00
6,625 17
8
18,585 17
At end of 1920.. .
49
71,778 86
14
15,106 65
23,302 29
63
110,187 80
160 DF^PARTMENT OF INSURANCE
11 GEORGE V, A. 1921
LONDON AND SCOTTISH ASSURANCE CORPORATION, LIMITED.
Statement for the Year ending December 31, 1920.
President, Vesey G. M. Holt — General Manager, Wm. .^neas Mackay — Actuary, H. Dou-
GHARTY — Principal Office, London, England — Chief Agents in Canada, Alex. Bissett,
Manager for Canada, and W. H. R. Emmerson, Secretary and Actuary — Head Office in
Canada, Montreal, Quebec — Canadian Directors, A. J. Dawes, H. B. Mackenzie, D. C.
Macarow, E. C. Pratt.
(Organized, August 4, 1862. Articles of Association, 1862. Commenced business in Canada, 1863).
CAPITAL STOCK.
Authorized £ 1 , 000, 000
Subscribed 600,000
Paid in cash 120,000
ASSETS IN CANADA.
Ledger Assets.
Held solely far the Protection of Canadian Policyholders.
Mortgage loans on real estate held by Trustees, first liens $ 1,712,038 97
Department's value of bonds, debentures and debenture stocks owned by the Company
(For details see Schedule C) . —
On deposit with the Receiver General, $1,614,291.90; Held by Trustees, $1,610.580.91. . 3,224,872 81
Other Ledger Assets.
Book value of real estate, unencumbered, held by the Company (For details see Schedule A). 186,997 86
Loans secured by bonds, stocks or other marketable collaterals (For details see Schedule B) . . 6, 164 59
Amount of loans as above on which interest has been overdue for one year or
more previous to statemient $ 129, 500 00
Amount secured by the Company's policies in force, the reserve on each policy
being in excess of all indebtedness; —
Loans to policyholders $ 620, 832 00
Advances to policyholders under automatic non-forfeiture provisions 10, 672 09
631,504 09
Department's value of bonds, debentures and debenture stocks owned by the Company
(For details see Schedule O '. —
Held by Custodian, $1,144, 127 .92; held by the Company, $1.36,200 1,280,327 92
Cash: At Head Office and Branches, $5,429.27; In Banks, $20,972.29; (Fcrr details see
Schedule E) 26,401 56
All other ledger assets 41,489 27
Total Ledger Assets .' $7, 109,797 07
Non-Ledger Assets.
Interest, dividends and rents, due and accrued: —
Interest on — Due. Accrued.
Mortgages $ 18. 792 11 $ 25,581 72
Collateral loans 133 77 277 07
Bonds and debentures ■■ 59.395 63
Premium notes, policy loans and liens 7.818 06 16,037 80
Bank deposit 124 56
Total interest $ 26,743 94 $ 101,416 78
Rents 1,800 00
Total interest, dividends and rents, due and accrued$ 26,743 94 $ 103.216 78
$ 129.960 72
LIFE INSURANCE COMPANIES 161
SESSIONAL PAPER No. 8
London and Scottish — Continued.
ASSETS IN CANAT>A— Concluded.
Non-Ledger Assets — Concluded.
Gross premiums, less reinsured: — First Year. Renewal.
Due and uncollected $ 16, 443 93 $ 72, 362 53
Deferred 25,216 56
Total $ 16,443 93 $ 97,579 09
Deduct commissions and estimated loss in collection 3,288 60 21,079 62
Net premiums due and uncollected , and deferred S 13, 155 33 $ 76, 499 47
% 89,654 80
Total Non-Ledger Assets $ 219,615 52
Total Assets in Canada $ 7,329,412 59
LIABILITIES IN CANADA.
Net liability under assurance, annuity, and supplementary contracts in force for payments
not due, dependent on life, disability or any other contingency or on a term certain
{See Statement of Actuarial Liabililies) $ 4, 798, 459 00
Net surrender values claimable under cancelled contracts 3, 244 51
Net liability for unadjusted payments due under contracts: — Death losses, $49,955; matured
endowments, S14,009.11 '. 63,964 11
Received from policyholders in advance: — Premiums 1, 736 33
Net profits allotted to deferred dividend policies issued on and after January 1, 1911 729 30
Salaries, rents and office expenses, due and accrued 4, 241 89
Medical examiners' fees due and accrued, $3,464; legal fees due and accrued, $200 3,664 00
Borrowed money 60, 362 42
*Tota! Liabilities in Canada $ 4, 936, 401 56
INCOME IN CANADA.
First Year. Renewal.
Assurance premiums $ 64,629 26 $ 504,430 06
Less reinsurance premiums paid 2,583 92 12,463 61
Total net premiums $ 62,045 34 $ 491,966 45
^ , , 554,011 79
Consideration for supplementary contracts: — Not involving life contingencies 10,989 00
Interest, dividends and rents: —
Gross interest or dividends on —
Mortgages $ 98, 087 60
Collateral loans 175 22
Bonds and debentures (less $2,190.05 paid for accrued interest on
bonds acquired during year) 220, 186 07
Premium notes, policy loans and liens 38,044 82
Total $ 356,493 71
Gross rents for Company's property (including $1,500 for Company's oecu-
pancy of its own buildings) less $19,553.63 for taxes, expenses and repairs
in connection with such properties : 2, 528 38
Total interest, dividends and rents 359,022 09
Exchange 6,919 04
Gross profit on sale or maturity of ledger assets: —
Real estate, $154,577.04; bonds, $47,.594.56 202,171 60
Total Income In Canada $ 1, 133, 113 52
*In addition to the above liabilities the Company, holds to the credit of the Canadian policy holders
an amount of surplus contingently apportioned to Deferred Dividend Policies issued in Canada prior to
1st January, 1911, namely: Closed Series to 31st December, 1907, $62,-581.90; New Series from 1st Jan-
uary, 1908, $11,843.10 $ 74,425 00
8—11*
162
DEPARTME'ST OF ITfSVRANCE
11 GEORGE V, A. 1921
LovDOX AND Scottish — Continued.
DISBURSEMENT.S IN CANADA.
In respect of assurance contracts: —
Death and endowment claims —
Amount assured
Bonus addition
Death
Claims.
S 176,682 75
.3,279 42
Matured
Endowments.
$ 250,7.58 50
24,42."? 77
Total ? 179. 962 17 S 275, 182 27
Less received for reinsured 465 00 11, .300 00
Net total S 179,497 17 $ 263,882 27
-Cash payments to annuitants.
Net surrender values
[n respect of life annuity contracts :-
Total net disbursements in respect of assurance and annuity contracts. S
Net payments on supplementary contracts: — Not involving life contingencies
•Taxes, licenses and fees (including taxes on investments but excluding taxes on real estate).
•Head office expenses:— Salaries, ?.30,403.95; directors' fees, S2,.500; auditors' fees, Sl,087.50;
travelling expenses, §1,274.18; rents, $1,.500; guarantee premiums, ■?24
•Branch office and agency expenses:— Assurance commissions — first year, 828,922.12; renewal,
$17,141.03; advanced to agents, S433.63; salaries, S30,094.97; travelling expenses,
§5,941.62; rents, §4,116.02; agents' guarantee premiums, §325.98 _. . . .
•All other expenses: — Advertising, including books and periodicals, §1,506.87; express, §105.12;
legal fees, §282.12; Medical fees, $4,664.75; office furniture, §2,681; telegrams and post-
age, §2,279.65; printing and stationery', §5,778.17; commissions on loans and trustees
fees, Royal Trust Company, §3,215. 14; miscellaneous, §2,265.44
443,-379 44
56,795 70
500 00
500,675 14
2,021 50
9,887 47
36,789 63
5,975 .3?
22,778 26
Total Disbursements in Canada $ 659, 127 37
EXHIBIT OF ANNUITIES.
Arising out of Life Assurance
Contracts.
nr^+^io
Classification.
Involving Life
Contingencies.
Not involving
Life
Contingencies.
,
No.
Annual
Payment.
No.
Annual
Payment.
No.
Annual
Payment.
At end of 1919
1
§ cts.
500 00
5
1
§ cts.
1,100 00
921 50
6
1
§ cts.
1,600 00
921 50
At end of 1920
1
500 00
6
2,021 50
7
2,521 50
•Investment expenses included in these items: — Salaries: — Head Office, $7,500; Branch
offices, $600; travelling expenses. Head office, §500; taxes on investments, $200; com-
missions on loans and Trustees fees, §3,215.14; rents, §800; directors' fees, §1,000; print-
ing and stationery', §350; postage and telegrams, §.500; miscellaneous, §500
Total investment expenses $ 15, 165 14
LIFE I^\SVRANCE COMPANIES 163
SESSIONAL PAPER No. 8
London and Scottish — Continued.
EXHIBIT OF POLICIES.
(For policies herein included involving disability benefits see Abstract.)
Classification.
Whole Life.
Endowment
Assurances.
Term
and Other.
Bonus
Additions
Totals.
No.
Amount.
No.
Amount.
No.
Amount.
No.
Amount.
At end of 1919. . . .
4,181
427
21
5
.1 cts.
9,780,172 56
1,265,622 00
36,000 00
47,078 12
3,9.30
.341
15
10
$ cts.
6,398,015 58
623,2.36 75
25,711 26
46,478 59
132
21
2
2
$ cts.
551,103 00
133,176 00
5,000 00
4,500 00
$ cts.
104,033 86
8,243
789
38
17
$ cts.
16,833,325 00
2 022 034 75
Old revived
Old increased
53 44
24,049 26
66,764 70
122,105 97
Totals
4,634
11,128,872 68
4,296
7,093,442 18
157
693,779 00
128,136 56
9,087
19,044,230 42
Less ceased by: —
Death
57
128,134 95
30
117
.39,357 00
237,497 00
3
18,000 00
4,053 12
23,656 02
90
117
8
108
263
33
3
189,545 07
261,153 02
Expiry
1
63
117
17
1
2,000 00
231,491 00
276,893 00
69,685 00
5,000 00
7
27,000 00
29,000 00
45
130
14
2
109,993 00
218,555 00
34,745 00
2,000 00
6,656 45
16 87
33 76
348,140 45
Lapse
Decrease
16
2
64,500 00
18,610 00
559,964 87
123,073 76
7,000 00
T^otal ceased ...
256
713,203 95
338
642,147 00
28
128,110 00
34,416 22
622
1,517,877 17
At end of 1920...
4,378
10,415,688 73
3,958
6,451,295 18
129
.565,669 00
93,720 34
8,465
17,526,353 25
Reinsured
305,300 00
46,850 00
5,740 00
1,359 37
359,249 37
MISCELLANEOUS.
New policies issued and paid for in cash: — Number, 704; gross amount, $1,798,753.75; rein-
sured in other licensed companies, $47,240.
Claims reinsured: — Death claims, $465; matured endowments, $11,309.
Total amount in force divided as to dividend plan: — Quinquennial, $8,015,583.46; non-
participating. .$9,510,769.79. Total $17,526,353 25
DETAILS OF POLICIES ISSUED PRIOR TO 31st MARCH, 1878, AND BONUS ADDITIONS
THEREON.
No.
Amount.
Bonus
Additions
thereon.
In force at beginning of year in Canada
Terminated
72
10
62
$ cts.
80,160 00
9,200 00
70,960 00
$ cts.
12,375 00
1,592 50
In force at date of statement
10,782 50
164
DEPARTMENT OF IXfiU RANGE
11 GEORGE V, A. 1921
London and Scottish — Continued.
STATEMENT OF ACTUARIAL LIABILITIES.
AssiRANCE Section.
Class of Contract.
Gross in Force.
Number. Amount. Reserve
Reinsured in
Companies licensed
in Canada.
Amount. Reserve
Ordinary with Profits: —
Life
Endowment assurance
Term, etc
Bonus addition
Premium reduction
Additional amount at risk under
return premium policies — Reserve
included above
Reserve for disability benefits
1,814
2,462
7
$ cts.
3,875,404 50
3,912,139 60
19,500 00
107,882 71
(358 64
100.656 65
$ cts.
1,100,490 00
2,204,428 00
1,381 00
73,378 00
) 1,050 00
S cts.
1.37,750 00
35,240 00
$ cts.
49,197 00
14,297 00
1,359 37
825 00
108 00
Totals.
4,283
8,015,583 46
3,380,835 00
174,349 37
64,319 00
Ordinary ivithout Profits: —
Life
Endowment assurance
Term , etc
Additional amount at risk under return
premium policies — Reserve in-
cluded above
Reserve for disability benefits
2,565
1,495
122
6,428,491 54
2,535,443 85
546, 169 00
665 40
1,057,073 00
422,374 00
7,993 00
167,. 550 00
11,610 00
5,740 00
32,543 00
1,645 00
42 00
274 00
Totals
Grand Totals.
4,182
9,510.769 79
1,487,714 00
184,900 00
34,2.30 00
8,465
17,526,3.53 25
4,868,549 00
359,249 .37
98,549 00
ANNrrry Section.
Gross in Force.
Class of Annuity.
Number.
Annual
Payment.
Reserve.
Without Profits:—
Supplementary contracts: —
Involving life contingencies
Not involving life contingencies
1
6
$ cts.
500 00
2,021 50
1
6,747
21,712
Totals
7
2,521 50
28,4.59
SUMMARY OF RESERVE.
With Without
Profits. Profits.
Total reserve, policy and annuity contracts $ 3, .380, 835 S 1,516, 173 $
Total reserve on reinsured contracts 64 319 34, 230
Total net reserve on the Company's basis of valuation (carried
in the liabilities) 7 $ 3,316,516 $ 1.481,943 $
Total.
4,897,008
98,549
4.798,459
LIFE IN Sir RANGE COMPANIES 165
SESSIONAL PAPER No. 8
London and Scottish — Continued.
MISCELLANEOUS STATEMENT.
I. The calculation of the "Reserve" in the "Statement of Actuarial Liabilities." —
(1) Policies were valued individually except for Whole Life Paid-up Policies, Reversionary Bonuses
and one section of Endowment Assurances payable at maturity ages which were valued in groups.
The Government Valuation basis was used, namely Om (5) Table of Mortality at Zr-l rate of interest.
The valuation was made by tables of medial values prepared by the Net Premium method. In
cases of policies valued individually the nearest age at entry was adopted and the duration was taken as
n+2 where n is the curtate duration.
For grouped policies, the nearest attained age at date of valuation was adopted for the Life Paid-up
Policies, and for Reversionary Bonuses; and the nearest quinquennial maturity age with the correspond-
ing equivalent age at entry was adopted for the Endowment Assurances grouped section.
For Life Annuities the statutory basis of O (a) m or f 3^% table and interest rate was employed.
Special Classes: —
(a) Tropical and sub-tropical business is not written by the Canadian Branch.
(6) Policies issued at premiums corresponding to ages higher than the true ages were valued at their
rated-up ages.
(f) Policies providing for payment at death, during certain periods, of an amount less than the full
amount of the assurance were valued for full amount assured.
(d) For policies issued at, or subsequently bearing, a fixed extra premium, an additional reserve
over and above the normal reserve was made of half of such extra premium, annual or single.
(e) There are no sub-standard lives other than those classified above in (6), (c) or (d).
(J) Re Disability Benefits — The Company has two plans:
i. Waiver of Premiums in event of temp rary or permanent disability; 50% of t'ne disability
premium is reserved for future lia' ility. ii. Waiver of Premiums and Disability Annuity
for the remainder of the curr ncy of the policy without reduction in the sum assured which
latter becomes payable in full at death or maturity according to the terms of the policy. At
present 75% of the disability premium is reserved for future liability. There are no claims
to be dealt with as yet.
{g) There are no under-average annuity lives on the Canadian Registers.
(2) Items of Special Reserve. —
(a) No extra reserv'e is held under Limited and Single Premium policies on account of prepaid or
limited loadings or under the few Annuities on the Canadian Books.
(6) Full additional reserves are made to cover any guaranteed benefits which are in excess of the
resei^'e under the valuation basis employed,
(c) An additional amount of 10% above the Cash Surrender Value claimable is included in the Lia-
bility under lapsed policies subject to re-instatement.
{d) A proportion of the additional premium charged to cover the option of renewal under Renewable
Term Policies is reserved,
(c) A proportion of the additional premium charged to cover the option of Conversion under Con-
vertible Term Policies is reserved.
(/) Policies under which the sums assured are payable in instalments are valued as ordinary policies
in their own class for the equivalent Commuted Values of such instalments. Policies issued under
the Return Premium Plan have additional reserves made covering the additional amounts at
risk under each of such policies.
n The guaranteed values under special class policies are the same as under ordinary policies except as fol-
lows —
(6) When policies are issued at rated-up ages, values are allowed for the true ages.
(c) Where policies ai« issued with liens, the Extended Term Assurance is su iect to such liens, and
the paid-up insurance to a pro rata proportion thereof.
in The average rate of i .tcrest earned on the Life Assurance Fund of the Company as a whole was 4-14
per cent.
IV The distribution of surplus —
Division of Surplus between Shareholders and Policyholders.
(a) Under the provisions of the Company's Memorandum and Articles of Incorporation the share-
holders are entitled to receive out of the Life Assurance Profits, accumulative dividend of five
per cent per annum on the Paid-up Capital for the quinquennium. Nine-tenths of the balance
of such profits are apportioned among the policy-holders entitled to participate. The balance
of such one-tenth belongs to the hareholders.
ib) Ordinary participating policies.
The dividends on these policies are allotted quinquennially as simple Reversionary Bonuses on the
Sum Assured, according to the number of full years' premiums paid during the quinquennium, the bonuses
so allotted only vest when policies have been three full years in force. The Cash Values of the resulting
Reversionary Bonuses are obtained by discounting the Reversionary amounts by the Hm 5% Table for
Whole Life and Limited Payment Life Policies and by the Hm 4^% Table for Endowment Assurances.
Deferred Dividend Policies —
Policies issued on the Deferred Dividend Plan since 1907 receive quinquennial allotments on the
same footing as policies subject to ordinary quinquennial distributions, except that the dividends allocated
are converted into equivalent larger Deferred Bonuses, vesting as Reversionary Bonuses only on the
expiration of the Deferred Bonus period selected. In arriving at such increased contingent bonuses, the
only elements taken into account are Mortality and Interest.
Policies issued on the Deferred Dividend Plan up to the end of 1907 have been included in one homo-
geneous series, and treated as a separate and distinct section of the Company's business.
The Assurance Fund for this closed series is credited with the premiums received and with its pro-
portionate share of Interest Income, and is charged with Claims, Matured Endowments, and Surrender
Values, and with an estimated proportion of Expense. A separate actuarial valuation of this series is made
quinquennially, showing the liabilities and disclosing the surplus belonging to the series. The available
surplus is carried to a Bonus Reserve Fund which is contingently and actuarially distributed to the policies
in the series. The total Contingent Reversionary Bonus Reserve Fund of this series (Canadian Section)
as at 31st Decf mber, 1920, was $62,581.90, as the result of the valuation and contingent allotment made,
(c) With refit Annuity Business is not written.
166
DEPARTMENT OF INSURANCE
London and Scottlsh — Contimied.
11 GEORGE V, A. 1921
DEFERRED DIVIDEND POLICIES.
Canadian Busin<'Sf.
Year
of
Issue.
Closed Series.
1883
1884
1885
1886
1887
1888
1891
1892
1893
1894
1895
1896
New Series.
1908..'
1909
1911
1912
1913
1914
1915
Total
Net Amount
in Force.
J 3,500
5,000
3,000
3,000
4,000
2,000
1,000
1,000
2.000
15,000
2,000
14,500
324,327
282.180
89,375
70,095
35,500
12,410
6,500
Reserves in
respect of
profits Year
Contingently of
Apportioned. Issue.
749 70 1897.
1,109 20 1898.
393 80 1899.
404 20 1900.
511 90 1901.
2.53 00 1902.
62 70 1903.
61 70 1904.
231 50 1905.
1,842 40 1906.
196 60 1907.
1,586 60
Total $
5,787 40 1910.
4,122 20
Total.
512 20 1916.
217 10 1917.
1918.
1919.
1920.
Total.
Reserves in
respect of
Total
profits
N
et Amount
Contingently-
in Force.
Apportioned.
$
19,000
S 1,473 10
10,000
856 20
22,000
1,699 10
40,000
2,316 .50
222,5.50
9,445 00
203,870
8,167 60
213,020
6,332 70
227,740
6,488 00
215,000
5,781 60
289,785
6,310 80
280,860
6,308 00
.$
1,805,825
$ 62,581 9a
$
175,375
$ 1,933 50
.$
781,882
$ 11,843 10
$
9,000
19,675
4,000
1,000
3.000
$
2.50,555
$ 729 30
Schedule A. ,.
Real estate —
Actual cost. Book value.
Calgary, Residence, Riverdale Avenue.S 6,000 00 6,000 00
Calgary, Residence, 11th Street, West.. 13,727 03 13,727 03
Calgary, Residence, 14th Avenue 4,855 00 3, .350 00
Edmonton, Residence, Victoria Avenue. 26,629 48 26,629 48
Ontario — Ottawa, Building, Wellington
Street and Stirling Avenue 44,803 82 44,803 82
Quebec — Montreal, Company's Head
Office, corner St. James and St.
John Street 90,000 00 90,533 28
Saskatchewan — Rural property, one parcel. 1,915 00 1,954 25
$ 187,930 33 $ 186,997 86
Department's
value.
$ 6,400 00
20,. 540 00
5,000 00
40,000 00
52,. 500 00
138,000 00
3,000 00
.? 265,440 00
Schedule B.
Loans secured by bonds, stocks, or other marketable collaterals —
Mortgage on income from an estate
Mortgage on farm, seizure on interest
thereon
Mortgage on 2| acres of land, Calgary,
Alta
Mortgage on income from an estate
Miami Hotel bonds, Dayton, Ohio.
.$
Par
value.
3,344 29
$
Market
value.
3,344 29
S
A mount
loaned.
3,344 29
1,362 60
1,362 60
1,362 60
151 20
937 50
400 00
312 50
937 50
380 00
151 20
937 50
369 00
$
6,195 59
$
6,336 89
s
6,164 59
LIFE INSURANCE COMPANIES 167
SESSIONAL PAPER No. 8
London and Scottish — Conlinued.
Schedule C.
Bonds and debentures on deposit with Receiver General — Par value. Department's
Governments — value.
Conocfa— Victory Loan f 535,000 00 $ 535,000 00
Provinces of Canada —
British Columbia— Debentures 30,000 00 23, 100 00
New Brunswick— Debentures 115,000 00 110,5.56 00
Nova Scotia— Debentures 25,000 00 25,000 00
Ontario— Debentures 75,000 00 75,000 00
Quebec— Bonds 50,000 00 44, 123 00
Other Governments —
British National War Bonds 97,333 33 95,782 90
Cxti&s
Alberta— CaXgAvy 25,000 00 22,750 00
British Columbia — Vancouver 25, 000 00 19, 500 00
Afamto6a— Winnipeg 25,000 00 21,2.50 00
Ontario —
Belleville 25,000 00 22,750 00
Ottawa 5,000 00 4,450 00
Toronto 103,666 67 86,710 00
Quebec —
Lachine .30,000 00 24,000 00
Montreal 100,000 00 88.750 00
Towns —
Ontario— IngeTSoll 25, 000 00 22, 250 00
Quebec —
Beauharnois 16,000 00 16,000 00
Scotstown 10,000 00 8,700 00
Verdun 55,000 00 52,000 00
Townships , Districts or Municipalities —
British Co/!/m6ia— Summerland 30, 000 00 25, 800 00
Manitoba— St. Vital 25, 000 00 25, 120 00
Schools, Quebec —
Amherst Park 20,000 00 19,000 00
Hochelaga 40,000 00 34,900 00
Longue Pointe 10,000 00 8,800 00
Montreal, Protestant 50, 000 00 43, 500 00
Montreal, R.C 105,000 00 96,250 00
St. George 15,000 00 11,700 00
St. Gregoire Le Thaumaturge 25,000 00 20,250 00
St. Leon de Westmount 10,000 00 8,800 00
Sherbrooke, R.C 10,000 00 9,300 00
Verdun 15,000 00 13,200 00
$ 1,727,000 00 $ 1,614,291 90
Bonds and debentures held by Trustees — ==^=^== =i==^=^=:
Governments —
Canado— Victory Loan , $ 686, 2.50 00 $ 686, 2.50 00
Cities —
Alberta— Lethhridge 15,086 66 14,030 60
British Columbia —
New Westminster 25,000 00 22,000 00
Victoria 25,000 00 21,500 00
Mamtoba— Winnipeg 15,000 00 14,850 00
Nova Scoria— Halifax 15,000 00 15,000 00
Ontario —
Brantford 15,000 00 13,704 00
Sault Ste. Marie 9,800 00 9,506 00
Quebec —
Montreal 120,000 00 108,100 00
Quebec 9, 733 33 9, 344 00
Towns —
Ontario —
Gravenhurst 4,615 16 4,199 80
Mattawa 5,766 73 5,305 39
Niagara 5,482 06 5,701 34
Port Hope 19, 137 20 17, 223 48
Renfrew 26,213 27 25,243 23
Sarnia 10, 618 88 10, 512 69
Smith's Falls 9,282 29 9,003 82
Quebec —
Maisonneuve 24,333 33 19, 953 33
St. Laurent 15,000 00 13,200 00
Townships— Ontario— York 22,812 69 22,584 56
Counties, Ontario —
Elgin 8, 107 10 8,026 02
Frontenac 7,834 84 7,599 79
Peel 34,709 96 30, 197 66
168 DEPARTME?iT OF INSURANCE
11 GEORGE V, A. 1921
London and Scottish — Continued.
Schedule C — Concluded.
Bonds and debentures held by Trustees — Concluded. Par value. Department's
Schools— value.
Alberta— Y.dmonton $ 10,200.31 S 9,. 588 29
British Columbia— South Vancouver 24. 000 00 20, 565 00
Oitcbcc —
Lachine 19,964 .34 17,967 91
Montreal, Protestant 31,000 00 28,674 00
Railways —
Lake Champlain and St. Lawrence Jet. Ry. (g'teed as
to interest by Montreal and Atlantic Ry. Co.),
1940 4 p.c 33.000 00 26,070 00
London Street Ry. Co., 1st Mtge., 1925, 5 p.c 21,000 00 17,850 00
Mineral Range R. R., Consolidated Mtge., 1931, 5 p.c. . . 25,000 00 17,750 00
Montreal Street Ry. Co., 1st Mtge., 1922, 4^ p.c. 50,000 00 47,500 00
Winnipeg Electric Ry. Co., 1st Ref. Mtge. S.F.. 1935,
5 p.c 100,000 00 95,000 00
Miscellaneous —
Bell Telephone Co. of Canada, Ltd., 1st Mtge., 1925,
5 p c 40,000 00 39, 600 00
Dominion Coal Co., Ltd., 1st Mtge., S. F., 1940, 5 p.c. . 47,000 00 44,180 00
Montreal Harbour, 1924, 4 p.c 15,000 00 13,800 00
Montreal Light, Heat and Power Co., 1st Mtge., 1932,
41 PC 50,000 00 46,000 00
Montreal Light, Heat and Power Co., 1933, 5 p.c 75,000 00 71,250 00
Windsor Hotel Co., 1st Mtge., 1931, 4^ p.c 25,000 00 21,750 00
$ 1,695,948 15 $ 1,610,580 91
Bonds and debentures held by Custodian — :=== =====
GoV€T7lTn'€TltS
Canada— Victory Loan $ 339,950 00 $ 333,395 25
Provinces of Canada —
Manitoba— Bonds 25,000 00 24,688 00
• Quebec— Bonds 25,000 00 24,910 00
Inscribed Stock 35,725 00 26,079 25
Other Governments—BTitish National War Bonds 509,053 33 493,504 84
British Columbia— Kamloops 10,000 00 8,841 00
Mamtoba— St. Boniface 9,733 33 9,149 33
(jfltCLTXO
Toronto 147, 333 33 130, 298 33
Windsor 20,808 72 21,534 33
Towns —
Ontario —
Orillia 1,002 14 972 08
Wallaceburg 2,000 00 1,980 00
Quefccc— Town of Drummondsville and Twp. of Grantham. 1 , 878 94 1 , 822 57
County— Ontario-'EAgw 12, 160 60 12,039 00
Schools—
Alberta— Stettler '. 6,999 93 6,369 94
QMe6e(^-Montreal, Protestant 25,000 00 23,594 00
Saskatchewan— StrasshuTg Station 8 , 250 00 8 , 250 00
Montreal Harbour, 1921, 4 p.c 4,000 00 3,.800 00
Protestant Hospital for the Insane (g'teed by Quebec),
1929, 4| p.c 15,000 00 12,900 00
$ 1,198,895 .32 $ 1,144,127 92
Bonds and debentures held by the Company — ===== ■ '
Govern7n,nt—Ca,nada Victory Loan $ 50, 000 00 $ 50, 000 00
City— Varis, France 40,000 00 39,200 00
Railway — International and Great Northern Ry., 1st Mtge.,
1922, 7 p.c 25,000 00 25,000 00
Afiscellaneous — Montreal Investment Trust, Permanent
Stock, 5| p.c 25,000 00 22,000 00
$ 140,000 00 $ 136,200 00
Schedule E.
C ash in banks —
Bank of Montreal (Bank of British North America Branch), General
Acct $ 195 18
Bank of Montreal (Bank of British North America Branch), Trustees'
Acct 8, 725 1 1
Merchants Bank of Canada, General Acct 11,908 36
Merchants Bank of Canada, Manager's Acct 143 64
$ 20,972 29
LIFE INSURANCE COMPANIES
169
SESSIONAL PAPER No. 8
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DEPARTMENT OF INSURANCE
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LIFE INSURANCE COMPANIES
171
SESSIONAL PAPER No. 8
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172
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
THE LONDON LIFE INSURANCE COMPANY.
■Statement foh the Year ending December 31, 1920.
Honorary President, John McClary, Esq. — President, Albert Oscar Jeffery, K.C, LL.D.,
D.C.L. — Vice-Presidents, W. M. Spencer; John G. Richter, F.A.S. — Secretary, J.
Stanley Lovell, A.C.I.S. — General Manager, Edward E. Reid, B.A., A.I.A. — Actuary,
John D. Buchanan, B.A., F.A.S. — Head Office, London, Ontario.
(For List of Directors see Appendix.)
(Incorporated Ontario, 37 Vic. Cap. 85 in 1874. Commenced business July, 1874, Dominion License issued
December 7, 1885.)
CAPITAL STOCK.
Authorized
Subscribed
Paid in cash
Premium on Capital Stock paid by Shareholders.
$ 1,000,000 00
2.50,000 00
75,000 00
♦Nil.
(For List of Shareholders see A ppendix) .
SUMMARY BALAN'CE SHEET.
Total Ledger Assets $12,458,233 87
Non-Ledger Assets 646, 849 23
Total Assets $13,105,083 10
Liabilities.
Total Liabilities $12,878,407 86
Excess of Assets over Liabilities: —
Capital stock paid in
cash S 75,000 00
tSurplus 151,675 24
226,675 24
Total $13, 105,083 10
SYNOPSIS OF LEDGER ACCOUNTS.
As at December 31, 1919:—
Net and total Ledger Assets $10,292,149 49
Increase in Ledger Assets in 1920: —
Income $ 4,237,418 38
Suspense account — items awaiting
adjustment 5, 034 52
Trust Fund — re agents' guarantee
bonds 240 26
Total increase $ 4,242,693 16
Total $14,534,842 65
Decrease in Ledger Assets in 1920: —
Disbursements S 2,076,608 78
As at December 31, 1920:—
Net and total Ledger Assets 12,458,233 87
Total $14,534,842 65
♦Although no premium was paid on Capital Stock the shareholders have contributed $32,-500 by way
of a special assessment of $13. per share.
tin excess of $220,027 surplus apportioned to deferred dividend policies issued prior to January I, 1911,
and $53,156 accrued profits on quinquennial dividend policies. Both these items are included in "Total
Liabilities " above.
LIFE INSURANCE COMPANIES 173
SESSIONAL PAPER No. 8
The Lo^^DON Life — Continued.
ASSETS. .
Ledger Assets.
Book value of real estate, unencumbered, held by the Company {For details see Schedule A) .% 31 , 406 25
Mortgage loans on real estate, first liens 3,607,841 27
Amount of loans as above on which interest has been overdue for one year or more previous
to statement .$38,038 70
Amount secured by the Company's policies in force, the reserve on each policy being in
excess of all indebtedness: —
Loans to policyholders ._. S 599, .534 99
Advances to policyholders under automatic non-forfeiture provisions 244,268 64
843,803 63
Book value of bonds, debentures and debenture stocks owned by the Company {For details
see Schedule C) 7.806,585 17
Book value of stocks owned by the Company {For details see Schedule D) 103,581 00
Cash: At Head Office, $6,549.44; in Banks, $44,270.27 {For details see Schedule E) 50,819 71
All other ledger assets , 14, 196 84
Total Ledger Assets $12,458,233 87
Non-Ledger Assets.
Interest or dividends on — Due. Accrued.
Mortgages $ 9,914 16 $ 78,144 75
Bonds and debentures 6,533 46 114, 163 46
Stocks 1,644 72
Premium notes, policy loans and liens 11 17 21,629 41
Other assets .38 25 108 34
Total interest $ 16,497 04 $ 215,690 68
^ $ 2.32,187 72
Gross premiums, less reinsured: — First Year. Renewal. Industrial
(Taken at 75%)
Due and uncollected $ 95,578 38 $177,158 05 $ 6,298 90
Deferred 47,584 23 181,136 45 *
Total $ 143, 162 61 $ .358,294 .50 $ 6,298 90
Deduct commissions and estimated loss in col-
lection 57.265 04 35,829 46
Net premiums due and uncollected, and deferred. $ 85,897 57 $ 322,465 04 $ 6.298 90
414.661 51
Total Non-Ledger Assets $ 646.849 23
Total Assets $13. 105,083 10
LIABILITIES.
Net liability under assurance, annuity, and supplementary contracts in force for payments
not due, dependent on life, disability or any other contingency or on a term certain {See
Statement of Actuarial Liabilities) $12,241,094 00
Net liability for unadjusted payments due under contracts: —
Death Matured
Losses. Endowments.
Ordinary $ 24,450 00 $ 2,155 92
Industrial 4,755 75 16,257 18
Totals $ 29,205 75 $ 18,413 10
47,618 85
Provision for unreported death losses and disability claims 10,000 00
Dividends left with the Company (arising out of assurance contracts), including interest
accumulations 26,379 00
Received from policyholders in advance: — Premiums 13, 717 35
Net dividends to policyholders due and unpaid 2, 124 10
Provision for profits on deferred dividend policies issued on and after 1st January, 1911, on
insurance of $38,502,650 57.5.33 00
Provision for profits on deferred dividend policies issued prior to 1st January. 1911, on insur-
ance of 13,650,500 220.027 00
Provision for accrued profits to policyholders not included above on quinquennial distribu-
tion policies of $6,264,2.50 .- .53. 156 00
Provincial, municipal and other taxes due and accrued 47,794 40
Balance of shareholders' surplus account 1 1 . 831 75
174 DEPARTMENT OF INSURANCE
The London Life — Contimied.
11 GEORGE V, A. 192i:
LIABILITIES— Concludfd.
Salaries, rents and office expenses, due and accrued $ 3, 394 30
Medical examiners' fees due and accrued 3, 279 00
(Commissions to agents duo and accrued 40, 023 46
Reserve, special, or surplus funds not included above: — Investment reserve, $50,000; invest-
ment commissions accruing, $15,000; reserve for accruing insurance commissions, 120,000 85,000 00
All other liabilities due and accrued: — Trust Fund — held for agents in lieu of guaranty
bonds, $1,897.94; items in suspense awaiting adjustment. $13,537.71 15,435 65
Total Liabilities $12,878,407 86
SHAREHOLDERS' SURPLUS ACCOUNT.
Balance, Dec. 31, 1920 $ 33,596 49 Dividends to shareholders $ 6,000 00
Interest added during 1920 4,974 00 Income Tax 362 35
Shareholders' proportion of profits: — Stock dividends 25,000 00
Non-participating account/Ordinary 374 70 Balance, Dec. 31, 1920 11,831 75
llndustrial 1,612 21
Participating account 2, 636 70
Total $ 43,194 10 Total $ 43,194 10
INCOME.
First Year. Renewal. Single.
Assurance premiums $ 591,208 18 $1,539,207 36 $ *5,392 76
Less reinsurance premiums paid 6,835 62 27, 154 82
Total net premiums $ 584,372 56 $1,512,052 54 $ 5,392 76
— $2,101,817 86
Total group premiums $ 1,242 31 $ 1,245 26
2,487 57
Total industrial premiums 1,405,698 53
Total net premium income $ 3,510,003 96
Dividends left with the Company at interest (arising out of assurance contracts) 5,544 97
Gross interest or dividends on —
Mortgages $ 217. 917 34
Bonds and debentures (less $31,414.89 paid for accrued interest on bonds
acquired during year) 417, 295 1 1
Stocks 6,428 59
Premium notes, policy loans and liens 44, 532 92
Other assets 207 44
686.381 40
Paid on Capital Stock by application of stock dividends 25,000 00
Gross profit on sale or maturity of ledger assets: —
Real estate, 1831.16; bonds, $9,656.89 10,488 05
Total Income $ 4,237,418 38.
DISBURSEMENTS.
Death Matured
In respect of assurance contracts: — Claims. Endowments.
Death and endowment claims —
Amount assured /Ordinary $ 233,680 27 $ 67,588 76
(industrial.... 167.926 46 76,817 63
Total - $401,606 73 $144,406 39
$ .546.013 12
Net surrender values 75,984 98
'Including $3,999.20 single premiums paid by application of assurance dividends.
LIFE INSURANCE COMPANIES
175
SESSIONAL PAPER No. 8
The London Life — Continued.
DISBURSEMENTS— ConcZ«d(d.
Net dividends —
In cash
Left with the company at interest. . .
Applied as single premiums: —
To purchase bonus addition
To purchase premium reduction.
1,160 94
2,838 26
018 70
,544 97
3,999 20
Total net dividends
In respect of life annuities contracts: — Cash payments to annuitants.
61,562 87
4,413 35
Total net disbiiTsements in respect of assurance and annuity contracts. .$ 687,974 32
Net payments on supplementary contracts: — Not involving life contingencies
Net reduction in premiums resulting from application of dividends
Dividends left with the company and interest accumulations withdrawn
Interest or dividends to shareholders: — Ordinary, $6,000; stock dividends, $25,000
*Taxes, licenses and fees (including taxes on investments but excluding taxes on real estate)
♦Head office expenses:— Salaries, $139,383.30; directors' fees, $1,825; auditors' fees, $1,800;
travelling expenses, $3,905.18
•Branch office and agencv expenses: — Ordinary Branch — Assurance commissions — first
year, $307,625.68; renewal, $88,548.16; advanced to agents, $1,700.70; salaries, $52,809.08;
travelling expenses, $16,673.55; Industrial Branch — Commissions, $337,402.01; salaries,
$131,923.96; travelling expenses, $6,627.10: Both Branches— Rent, fuel and light,
$22,387.92
•All other expenses: — Advertising, $15,732.69; books and periodicals. $506.45; express, tele-
grams and telephones, $5,141.08; legal fees, $4,751.12; medical fees, $65,.535.24; office
furniture and fittings, $19, 001. .36; postage, $10,818.16; printing and stationery, .$32,415.31;
commissions on loans ,$13,169.57; bank collection charges, $1,282.22; miscellaneous,
$20,946.92
341 40
3,283 87
4, 189 34
31,000 00
47,908 09
146,913 48
965,698 16
189,. 300 12
Total Disbursements $ 2,076,608 78
EXHIBIT OF ANNUITIES.
Life Annuities
Proper.
Arising out of Life Assurance Contracts.
T
Classification.
Involving Life
Contingencies.
Not involving
Life
Contingencies.
Disability
Annuities.
otals.
No.
Annual
Payment.
No.
Annual
Payment.
No.
Annual
Payment.
No.
Annual
Payment
No.
Annual
Payment.
At end of 1919...
3
$ cts.
1,500 00
32
9
$ cts.
2,748 35
530 00
45 00
1
$ cts.
341 40
$ cts.
36
17
$ cts.
4,589 75
New issued
8
147 80
677 80
45 00
Totals
3
1,500 00
41
3,323 35
1
341 40
8
147 80
53
5,312 55
Less ceased by: —
Death. . . .
3
1
165 00
50 00
3
1
165 00
Surrender
50 00
Total ceased ....
4
215 00
4
215 00
At end of 1920. . . .
3
1,500 00
37
3,108 35
1
341 40
8
147 80
49
5,097 55
•Investment expenses included in these items: — Salaries: Head Office, $23,259.12, Branch
Offices, $1,127.46; travelling expenses: Head Office, $1,259.52, Branch Offices, $251.45;
taxes on investments, $174.60; commissions on loans, $13,169.57; legal expenses, $2,753.77;
miscellaneous, $7,914.67.
Total investment expen.ses $
49,910 16
176
LIFE INSURANCE COMPANIES
11 GEORGE V, A. •:921
The London Life — Continued.
EXHIBIT OF POLICIES (Ordinary).
CFor policie.* herein included involving di.sability benefits .see Abstract.)
Classification.
Whole Life.
Endowment
Assurances.
Term and Other.
Bonus
Additions.
Totals.
No.
Amount.
No.
Amount.
No.
Amount.
No.
Amount.
At end of 1919..
6,481
3,569
31
$ cts.
9,235,703 85
6,749,251 00
46,000 00
22,000 00
289,639 75
31.480
8,441
126
289
$ cts.
39,008,960 42
12,519.214 00
179,500 00
15,000 00
439,342 00
388
119
3
$ cts.
1,444,250 00
701,000 00
6,000 00
$ cts.
2.307 32
38,349
12,129
160
"418
$ cts.
49,691,221 59
19,969,465 00
231,500 00
2.616 48
39,616 48
126
3
27.000 00
755.981 75
Totals....
10,207
16,342,594 60
40,336
52,162,016 42
513
2,178,250 00
4,923 80
51,056
70,687,784 82
Less ceased
by:-
Death
59
58,671 90
143
104
167,445 00
64,498 96
202
104
16
295
2.931
226, 116 90
64,498 96
16
246.500 00
246.500 00
42
413
51,600 00
605,500 00
108,695 00
235,000 00
178,055 00
253
2,455
"478
293
280,045 00
3,330,600 00
7,505 00
721,750 00
513.198 00
331.645 00
Lapse
63
3
12
205.000 00
7.000 00
15.000 00
82,000 00
4,141,100 00
123.200 00
111
113
592
418
971,750 00
Transferred
773,253 00
738
1,237,521 90
3.726
5,085,041 96
94
555,500 00
4.558
6,878.063 86
At end of 1920. .
9,469
15,105,072 70
36.610
47,076,974 46
419
1.622.750 00
4,923 80
46,498
63,809,720 96
395,740 00
379,680 00
228.500 00
1,003.920 00
1
MISCELLANEOUS.
New policies issued and paid for in cash: — Number, 10,428; gross amount, -S16,470,450;
reinsured in other licensed companies, $283,000.
Total amount in force divided as to dividend plan: — Annual, §7,263,002; quinquennial,
§6,299.905.01; deferred. $42,1.53,1.50: non-participating, $8,093,663.95.
Total $63,809,720 96
EXHIBIT OF POLICIES (Industrial.)
Classification.
Whole Life.
Endowment
Assurances.
Term and Other.
Totals.
No.
Amount.
No.
Amount.
No.
Amount.
No.
Amount.
At end of 1919
48,985
6,480
165
$ cts.
6,987,480 60
1,167.897 00
29,229 00
160. 551
48.788
753
$ cts.
20.453.144 80
10,689.334 50
107.060 70
2.163
$ cts.
63.962 00
211,699
55,268
918
32
$ cts.
27,504,587 40
11,857,231 50
136.289 70
32
1,579 00
1,579 00
Totals
55, 630
8,184,606 60
210,092
31,249,540 00
2.195
65,541 00
267,917
39,499,687 60
Less ceased by: —
Death
Maturity
878
22
92,705 50
1.071 00
1,212
1.487
174,552 35
68.576 75
25
1,114 35
2,115
1,509
35
26,691
34
268,372 20
69,647 75
35
1,538 00
1,538 00
3,653
32
720,229 00
24.306 35
23,038
4,712,315 95
19,474 05
5,432,544 95
Decrease.. . .
2
130 00
43,910 40
Total ceased
4.585
838.311 85
25,737
4.974.919 10
62
2,782 35
30,384
5,816,013 30
At end of 1920
51,045
7.346.294 75
184.355
26,274,620 90
2.133
62,758 65
237.533
33,683.674 30
SESSIONAL PAPER No. 8
LIFE INSURANCE COMPANIES
The London Life — Conlinued.
EXHIBIT OF POLICIES (Group.)
177
Term.
No. of
Policies.
No. of
Employees.
Amount
Assured .
At end of 1919
1
112
14
$
110,700
9 500
New employees insured during 1920 under policies after date of
original issue
Increase in insurance on individual lives. . .
3,500
Total
1
126
123 700
Less ceased: —
Employees.
By termination of employment —
Without conversion
20
13 100
At end of 1920
1
106
110,600
STATEMENT OF ACTUARIAL LIABILITIES.
AsstTBAKCE Section.
Class of Contract.
Gross in Force.
Reinsured in Companies
licensed in Canada.
Number.
Amount.
Reserve.
Amount.
Reserve.
Ordinary with Profits: —
Life
6,024
33,914
71
$ cts.
10,673,787 00
44,857,096 21
180,250 00
4,923 80
724, 187
6,181,898
1,798
2,839
18,161
5,949
18,203
3,269
1,242
163
344,240
374,680
20,000
$
27,098
45 217
Endowment assurance
325
Bonus addition
Permanent premium reduction
Temporary premium reduction . . . .
Disability
Extra premium
Return premium
Tropical extras
Totals
40,009
55,716,057 01
6,957,709
738,920
72 640
Ordinary without Profits: —
Life
3,445
2,696
348
4,431,285 70
2,219,878 25
1,442,500 00
409,702
403,485
10,760
2,606
1,823
282
219
51,500
5,000
208,500
5,959
375
Endowment assurance
Term , etc
1 163
Permanent premium reduction
Disability
Extra premium
Return premium
Totals
6,489
8,093,663 95
828,877
265,000
7 497
Industrial without Profits: —
Life
51,045
184,355
2,133
7,346,294 75
26,274,620 90
62,758 65
770, 560
3,706,070
16,079
Endowment assurance
Term , etc
Totals
237,533
33,683,674 30
4,492,709
Group with Profits: —
Term, etc
1
110,600 00
1,216
Grand totals
284,032
97,603,995 26
12,280,511
1,003,920
80, 137
8—12*
178
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
The London Life — Continued.
STATEMENT OF ACTUARIAL LIABILITIES— ConcZuded.
Annuity Section.
Class of Annuity.
Gross in Force.
Number.
Annual
Payment.
Reserve.
With Profits:—
Supplementary' contracts:—
Involving life contingencies
Not involving life contingencies
Disability annuities
Totals
Without Profits —
Life annuities proper
Supplementary contracts:—
Involving life contingencies
Disability annuities
Totals
Grand totals
39
10
49
$ cts.
3,10.5 00
341 40
9.5 80
3,542 20
1.500 00
3 35
52 00
1,555 35
5,097 55
27,885
2,462
659
31.006
9,155
14
545
9,714
40,720
SUMMARY OF RESERVE.
With
Profits
Without
Profits.
Total.
Total reserve, policy and annuity contracts $ 6,989,931 8 5,331,300 $12,321,231
Total reserve on reinsured contracts 72,640 7,497 80,137
Total net reserve on the Company's basis of valuation S 6,917,291 $ 5, .323, 803 $12,241,094
(420,527)
Deduction therefrom permitted under section 43 (3), Insurance
Act, 1917 (none made)
Net reserve carried in the liabilities S 6.917.291 $ 5,323,803 $12,241,094
Net reserve computed on the statutory basis (without deduc-
tion) $ 11,783,255
Reserve maintained by the Company in excess of the statutorj'
reserve
457,839
MISCELLANEOUS STATEMENT.
1. The calculation of the "Reserve" in the "Statement of Actuarial Liabilities" —
(1) Ordinary Brayich.— The valuation of policies was made by grouping the business by plan, year of
issue and age, for the more usual plans. In all other cases the policies were valued individually. Valuation
ages were taken at nearest birthday for years of issue 1 915-1920, inclusive, and age next birthday for business
issued previously. Tables of mid-year reserves prepared on the Net Premium basis were used. The
valuation bases were Hm. 3J per cent for business issued prior to 1st January, 1907, and Om. (5) 3 per cent
for business issued subsequently.
Weekly Premium Branch. — Age next birthday was used throughout, with full Net Weekly Premium
mid-year valuation for all plans other than Whole Life and Endowment at 80. For the latter plans the
valuation was made on a Terminal Basis. Policies were grouped according to plan, year of issue and age
at issue. The valuation bases were, Combined Experience Table, 3^ per cent for business issued prior to
1st January, 1900. Farr's No. 3, 3^ per cent for business issued in the years 1900-1915, and Farr's No. 3,
3 per cent for business issued in the years 1916-1920.
.4nnwihes.— Annuities were valued according to the British OflSces Select Life Annuity Tables with
8 per cent interest.
LIFE INSURANCE COMPANIES 179
SESSIONAL PAPER No. 8
The London Life — Continued.
MISCELLANEOUS STATEME ^T— Concluded.
Special Classes. —
(a) An extra reserve equal to one-half of the extra premium was set up for tropical risks.
(b) Policies issued on rated-up lives were treated as being on lives actually of the rated-up age.
(c) Policies subject to liens were valued in the same manner as if no lien were imposed.
(d) No account was taken in the valuation of extra premiums payable throughout the whole term of
the policy. In the case of limited payment policies subject to extra premiums the corresponding
equalized extra throughout the whole term of the policy was found as at date of issue and a special
reserve made equal to the difference between the present value of the equalized extra and the
present value of the full extra payable during the premium period, the basis used in calculating the
equalized extra and the special reserve being the Om. (5) Table and 3 per cent interest. There
are no policies in force issued subject to a single extra premium.
(e) All policies issued on sub-standard lives are advanced in age, are subjected to a lien, or call for an
extra premium.
(f) (1) Before the occurrence of Disability —
Sixty per cent of the premiums paid for disability was set up for the disability reserve.
(2) After the occurrence of Disability —
The only claims were on policies with waiver of premiums benefit. Future premiums waived
were valued by disability annuities. In addition the regular reserve on the policy was held.
(g) There are no Annuities on lives classed as under average.
(2) Items of Special Reserve. —
(a) No additional reserve is held under limited premium policies for prepaid loadings.
(b) There are no benefits guaranteed which exceed in value the Net Premium Reserve on the basis
of valuation employed.
(c) No special reserve is held on account of lapsed policies but in a general waj' the Contingent Fluids
held provide for re-instatement of lapsed policies not coming under the Automatic Premium Loan
Provision.
(d) No definite reserve is maintained to cover the option of renewal under Term Policies.
(e) No definite reserve is maintained to cover the option of conversion to a higher premium policy
either (1) at the original age of entry or (2) at the age attained at date of conversion.
(f) Reserve for profits accruing on quinquennial dividend policies $ 53, 156 00
Reserve for profits accruing on Reser\"e-Dividend Policies issued prior to 1st January,
1911 220, 027 00
Investment Reserve and Investment Commissi ons accruing 65, 000 00
Insurance Commissions accruing 20, 000 00
Special Reserve for War and other Claims unreported 10, 000 00
II. Where policies are issued at ages higher than the true age the guaranteed values correspond to those
at the rated-up age. In case of policies with liens the values are the same as for policies without liens.
In the case of policies issued at an extra premium, the values are the same as under the regular premium,
except that the extended insurance term is reduced. In the case of policies with Disability Benefits the
guaranteed values are the same as for policies without Disability Benefits.
III. The average rate of interest earned during the year on the mean net ledger assets was 6-61 per cent.
IV. The Distribution of Surplus —
(a) Prior to 1st January, 1911, when the provisions of the New Insurance Act became operative, the
Shareholders of the Company were entitled to a 7 per cent dividend on the Capital Stock Paid-up and 5
per cent of the total profits but not exceeding one-half of one per cent of the subscribed and uncalled Capital
The effect of this provision was to make the maximum dividend 9 per cent.
The present by-laws of the Company provide for a continuance of the former regulations so far as the
business issued previous to 1st January, 1911, is concerned, and for the years 1911 to 1917, inclusive, only
5 per cent of the share of the profits pertaining to business issued prior to 1st January, 1911, and 10 per cent
of the share of the profits pertaining to the business subsequent to that date have been apportioned to the
Shareholders' Account, but for the years 1918. 1919 and 1920 only 5 per cent of the total profits distributed
was credited to Shareholders' Account.
(b) In the computation of profits distributable to Policyholders, three factors are introduced. Interest
Mortality and Loading. Two per cent of the amount of Initial Reserve is the profit allowed on account
of Interest. For Mortality the policy is charged with 45 per cent of the Hm rate for the first year, 50
per cent the second, 55 per cent the third, 60 per cent the fourth and 65 per cent for the fifth and subsequent
years up to age attained 46, where one per cent is added to the Mortality charge. For each year of age
attained greater than 46 one per cent further is added until a 90 per cent charge is reached, which charge
remains stationary. For Loading an expense charge on the Gross Premium is made for the first five years
ranging from 125%-|-$1 .50 per thousand on the 10 Year Endowment Plan to 15%-|-.?1 .50 on the Life Plans.
For the second quinquennial period these charges run from 10%+|1 .00 to 125%-}-$1.00. For the third
quinquennium, from 9%-|-$l .00 to 10%H-$1 .00. After the 15th year a uniform charge on the Gross Prem-
ium of 75%-l-$l .00 is made for expenses. The difference between the balance of the Gross Premiums after
making the above charges and the net 3J per cent rate is added to or deducted from the other sources of
profit.
For married female risks under 50, an additional charge is made of from $2.00 to SI .00 per annumi per
thousand dollars at risk, depending on duration of policy where marriage took place before issue of policy,
except for policies issued with lien, when the profit factors are the same as for men.
There is no tontine business on the Company's books except business re-insured. The only policies
of such a nature issued are of a special class under which a portion of. the ordinary surplus is set aside as
additional reserve. The total amount of such reserve converted from surplus is $920,410. The factors
entering into the computation of profits on Reserve-Dividend Policies are exactly the same as under Quin-
quennial Distribution policies, suitable factors for terminations by death or otherwise for accumulation
between quinquenniums being introduced.
Cash dividends are converted into other forms of benefit on the basis of the net Hm. 35 per cent Table.
(c) The Company doe? not issue Participating Annuities.
8—12^*
180
DEPARTMENT OF INSURANCE
11 GEORGE V. A. 1921
The London Life — Continued.
DEFERRED DIVIDEND POLICIES.
Issued prior to January 1, 1911, and Amount of Profits apportioned thereto.
Year
of
Issue.
1901..
1902..
1903..
1904..
1905..
1906..
Total net
amount
in force.
27, 500
71,000
121,000
195,500
251,000
385, 750
Profits
apportioned.
S 4,352
9,843
14,779
21,102
22,106
27,704
Year
of
Issue.
1907..
1908..
1909..
1910..
Total net
amount
in force.
Profits
apportioned
381,000
.541,500
841,500
834,750
$ 23,731
.30,285
37,786
28, 339
Totals $ 3,650,500 $
220.027
Issued subsequent to January 1, 1911, and Amount of Profits credited thereto.
Year
of
Issue.
1911..
1912. .
1913..
1914. .
1915..
1916..
Total net
amount
in force.
1,118,250
1,354,850
1,590,200
2,123,000
1,879,550
2,763,050
Profits
credited.
24,835
17,795
10,126
4,777
Nil.
Nil.
Year
of
Issue.
1917..
1918..
1919..
1920. .
Total net
amount
in force.
4,274,750
4,646,950
8,883,550
9,868,500
Profits
credited.
Nil.
Nil.
Nil.
Nil.
Totals $ 38,502,650 S
57,533
Schedule A.
Real estate — Actual cost. Book value. Department's value.
Ontario — London, Head Office Bldg., 424 Wel-
lington Street $ 46,252 08 $ 25,000 00 S.35,000 00
Saskatchewan- — Rural property, five parcels,
none exceeding, $2,400 market value 6,406 25 6,406 25 7, 700 00
$ 52,658 .33 $ 31,406 25 -S 42,700 00
Schedule C.
•Bonds and debentures —
Governments — Par value.
Cana<ia— Victory Loan $1,737, 183 10
Provinces of Canada —
Alberta — Debentures 87,066 66
Registered stock 58,400 00
British Columbia— Bonds 150,000 00
Manitoba— Bonds 40,000 00
New Brunswick — Debentures 150,000 00
Registered Stock 7 , 300 00
Ontario— Debentures 75, ,000 00
Prince Edward Island — Debentures 5,000 00
Saskatchewan— Bonds 185,000 00
Debentures 80, 299 99
Other Governments —
United Kingdom of Great Britain and
Ireland —Bonds 10,000 00
Newfoundland— Bonds 22,873 34
Inscribed stock 35,000 00
Book value.
51,728,483 87
84,321 15
49,151 07
145,604 70
38,827 56
146,838 23
5,519 96
71,945 94
4, 179 84
171,948 85
70,547 28
10,108 31
16,680 36
28,869 64
Department's value.
$1,728,483 87
83,526 28
49,151 07
145,604 70
38,827 56
146,838 23
5,519 96
71,945 94
4,179 84
172,275 47
70,882 99
10, 108 31
16,680 36
28,869 64
$2,643,123 09 $2,573,026 76 $2,572,894 22
Cities —
Alberta —
Calgary $ 21,413 33 $ 16,149 28 8 16,149 28
Medicine Hat 15,000 00 12,865 96 12,900 00
Wetaskiwin 33,825 94 29,247 23 29,928 69
*0f which are on deposit with Recciver:General: City of London, $31,000; Town of Collingwood,
$1,654.78; Town of Kenora, $14,547.25; Winnipeg School District, $15,000.
LIFE INSURANCE COMPANIES 18t
SESSIONAL PAPER No. 8
The London Life — Continued.
ScHEDtTLE C — Continued.
Bonds and debentures — Continued.
Cities — Concluded.
Par value. Book value. Department's
value.
British Columbia —
Kamloops $ 15, 000 00 $ 14, 760 99 $ 14, 9.50 00
Kelowna 25,000 00 20,849 34 21,750 00
Nanaimo 21,000 00 20,014 82 20,014 82
Nelson 6,000 00 5,820 45 5,820 00
Revelstoke 25,000 00 20,807 10 20,807 10
Trail 10,000 00 10,000 00 10,000 00
Vancouver 25,000 00 17,869 63 17,8(39 63
Vernon 18,104 89 16,367 15 17,64171
Manitoba —
Brandon 108,108 88 94,265 04 94,37188
Portage la Prairie 20,000 00 16,205 28 16,205 28
St. Boniface 45,000 00 40, 675 59 40, 675 59
Nova Scotia —
Halifax 12,000 00 10,395 22 10,395 22
Sydney 87,000 00 74,972 36 75,742 22
Ontario —
Chatham 71,949 99 73,368 55 76,620 67
Kitchener 46,502 86 44,21141 45,647 65
London 56,000 00 46,402 71 46,342 26
Niagara Falls 65,776 30 60,806 91 60,976 23
Peterborough 11,000 00 9,869 73 9,869 73
St. Catharines 19,162 18 18,334 32 18,334 32
Stratford 20,000 00 17,946 42 18,900 00
Toronto 165,653 34 141,178 22 141,263 15
Windsor 267,874 93 252,458 64 253,943 78
Saskatchewan —
Moosejaw 39,906 66 29,46190 29,46190
Regina 72,693 33 62,390 40 62,390 40
Saskatoon 141,000 89 118,085 11 118,085 11
$1,464,973 52 $1,295,779 76 $1,307,056 62
Towns —
Alberta —
Bassano $ 15,000 00 $ 13,282 84 $ 14,100 00
Camrose 21,882 52 19,780 23 21,007 22
Stettler 16,207 77 15,715 48 15,72154
Four other towns, par value for none exceed-
ing $8,000 20,489 38 19,112 05 19,492 16
British Columbia— Fort Coquitlam 17, 603 00 14, 067 24 14, 256 00
Manitoba —
Dauphin 14,998 03 14,772 26 14,772 26
Selkirk 11,746 13 11,608 19 11,628 67
Shoal Lake 8,737 41 7,493 23 7,493 23
Souris 35,914 98 .33,06156 33,42139
Transcona 10,000 00 9,0.53 61 9,. 300 00
Nova Scotia —
Glace Bay 15,000 00 12,319 43 12,150 00
Springhill 17,000 00 15,405 06 15,640 00
Ontario —
Barrie 43,872 55 40,017 46 40,017 46
Brampton 20,089 84 19,102 18 19,102 18
Bruce Mines 23,616 65 24,203 17 24,203 17
Cobourg 36,073 57 38,238 82 38,238 82
Coilingwood 24,280 99 22,557 33 22,648 84
Dundas 25,487 99 25,73127 25,73127
Dunnville 21,494 41 21,166 41 21,166 41
Eastview 35,807 99 34,088 47 34,088 47
Hawkesbury 92,740 36 95,057 00 95,134 84
Kenora 21,997 04 20,439 61 21,042 68
Lindsay .- 26,764 76 26,528 38 26,528 38
Listowel 33,649 68 32, 125 50 32, 125 50
Midland 15,567 31 14,905 51 14,944 62
Mimico 51,48184 49,224 41 49,480 15
Parry Sound 19,979 10 21,110 73 21,110 73
Perth 27,403 71 27,65132 27,65132
Petrolia 68,610 98 66,895 58 67,955 31
Rainy River 16,40178 15,0.52 58 15,113 08
Renfrew 35,944 46 34,200 61 34,843 12
Sandwich 26, 703 55 26, 703 55 26,703 55
Samia 32,023 90 30,669 33 31,782 27
Smith '8 Falls 22,56160 22,775 08 22,775 08
Sudbury 38,312 99 35,42197 35,42197
182 DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
The London Life — Continued.
Schedule C — Continued.
Bonds and debentures — Continued.
Towns — Corcluded. Par value. Book value. Department's
Ontario — Concluded. valu« .
Trenton $ 33.796 47 S 31,032 18 $ 31,086 77
Weston 31,216 98 31,319 18 31,319 18
Wiarton 20,06138 19,749 48 20,06138
Thirteen other towns, par value for each
under $11,300 90,669 04 89,215 26 90,306 57
Saskatchewan —
Assiniboia 26,000 00 26,690 67 26,690 67
Estevan 26,213 84 24,08199 24,355 42
Humboldt 21,92179 20,432 73 21,092 12
Weybum 20,000 00 18,165 12 18,49127
Yorkton 17.93119 16,020 38 15,420 82
Six other towns, par value for each under
$11,700 46,444 58 43,349 48 44,223 96
$1,299,698 54 $1,249,593 92 $1,259,839 85
Villages, Ontario —
Brighton $ 12,162 50 $ 12,162 50 $ 12,162 50
Creemore 15,114 66 14,932 15 14,932 15
New Toronto 41,642 64 39,804 49 .39.804 49
Norwich 10,138 84 10,293 79 10,848 56
Port Dover 9,117 70 9,223 96 9,223 96
Sterling 8,556 95 7.900 51 8,043 53
$ 96,733 29 $ 94,317 40 $ 95,015 19
Townships, Districts or Municipalities —
British Columbia — •
Coquitlam $ 8,175 42 $ 7,59167 $ 8,175 42
Delta 20,000 00 16,464 06 17,000 00
Oak Bay 10,000 00 9,708 51 9,700 00
Penticton 22,000 00 18,540 84 18,784 68
Richmond 39,000 00 31,843 92 31,890 00
Saanich 58,000 00 53,474 09 53,674 51
South Vancouver 15,000 00 14,012 85 13,800 00
Summerland 20,000 00 16,71108 17,200 00
Manitoba —
Assiniboia 154,206 21 140,006 05 140,402 58
Dauphin 15,249 74 14,350 59 14,298 42
EastKildonan 20,000 00 18,197 24 19,200 00
Fort Garry- 53,000 00 47,960 03 48,036 43
Gilbert Plains 13,579 47 12,808 05 12,808 05
Kildonan 5,000 00 4,837 58 5,150 00
St. Vital 31,000 00 29,115 86 29, .550 00
West Kildonan 20,635 00 19,543 61 19,728 25
Ontario —
Chatham 15,452 80 15,5.58 46 15,916 38
Dover 25,273 89 24,573 97 24,678 85
London 22,296 12 22,143 97 22,143 97
Osgoode 12,272 00 12,387 76 12,387 76
York 29,946 90 28,250 81 28,57159
Four other townships, par value for each
under $8, 700 22,567 23 22,077 33 22,44160
Saskatchewan — Seven rural municipalities par
value for none exceeding $6, 500 31,450 00 29,476 15 30,310 44
$ 664.104 78 S 609,634 48 $ 615,848 93
Counties —
A^om 5co<2a— Cape Breton $ 25,000 00 $ 25,000 00 $ 25,000 00
Ontario —
Hastings 42,740 32 38,354 56 38,354 56
Middlesex 16,000 00 15,344 55 15,040 00
Peel 22,508 46 21,212 44 21,212 44
$ 106,248 78 $ 99,911 55 $ 99,607 00
LIFE INSURANCE COMPANIES 183
SESSIONAL PAPER No. 8
The London Life — Continued.
ScHKDTTLE C — Concluded.
Bonds and debentures — Concluded.
Schools — Par value. Book value. Department's
value.
^Z6erio— Edmonton $ 16,800 00 $ 15,422 75 S 15,422 75
Manitoba —
East Kildonan 71 , 000 00 64, 974 00 65, 343 55
Portage la Prairie 32,000 00 29,91113 29,91113
St. Boniface 28,500 00 27,80148 27,835 00
St.James 6,000 00 4,948 63 4,948 63
Winnipeg 40,000 00 30,606 52 32,884 27
Winnipegosis 5,266 90 4,955 53 5,424 91
Ontario —
Toronto, R.C 25,000 00 22,642 39 22,642 39
Windsor, R.C 18,126 23 18,548 53 19,032 53
Saskatchewan —
Cupar 7,700 00 7,493 63 7,93100
Regina 25,000 00 24,123 02 24,123 02
Saskatoon 47,000 00 47,000 00 47,000 00
Summerside 2,450 00 2,450 00 2,62150
Swift Current 15,000 00 14,406 77 14,850 00
Waldheim Village 17,09123 17,09123 17,09123
$ 356,934 36 $ 332,375 61 $ 337,061 91
Railways —
Alberta and Great Waterways Ry., 1st mtge.
(g'teed by Alberta), 1959, 5 p.c $ 50,000 00 $ 42,550 07 $ 42,550 07 "
Canadian Northern Ry., 1st mtge. (g'teed by
Manitoba), 1930, 4 p.c 136,485 67 114,860 83 114,700 44
Canadian Northern Ry. (g'teed by Dom. of
Canada), 1934, 4 p.c 209,266 67 169,730 36 169,730 36
Canadian Northern Ry., 1st mtge, (g'teed by
Saskatchewan), 1939, 4 p.c 17,033 33 12,907 80 12,907 80
Canadian Northern Alberta Ry., 1st mtge.,
(g'teed by Dom. of Canada), 1960, 3^ p.c. . 8,030 00 4,998 67 4,998 67
Canadian Northern Ontario Ry. (g'teed by
Ontario), 1938, 3^ p.c 20,926 66 15,403 00 15,403 00
Canadian Northern Ontario Ry., 1st mtge.,
(g'teed by Dom. of Canada), 1961, 3^ p.c. . 227,273 33 138,475 94 138,475 94
Canadian Northern Pacific Ry., 1st mtge.
(g'teed by British Columbia), 1950, 4 p.c. . 241,002 20 165,136 79 165,136 79
Canadian Northern Pacific Ry., 1st mtge.
(g'teed by British Columbia), 1950, 4^ p.c. 69,593 34 52,935 17 52,935 17
Canadian Northern Western Ry., 1st mtge.
(g'teed by Alberta), 1942, 4^ p.c 145,863 74 114,702 57 109,478 91
Canadian Northern Western Ry., 1st mtge.
(g'teed by Alberta), 1943, 4^ p.c 55,112 00 44,798 26 44,798 26
Edmonton, Dunvegan and British Columbia
Ry., 1st mtge. (g'teed by Alberta), 1944,
4^ p.c 102,000 00 85,514 24 85,825 10
Grand Trunk Pacific Ry., 1st mtge. (g'teed
by Alberta), 1939, 4 p.c 27,702 00 20,347 77 20,175 46
Grand Trunk Pacific Ry., 1st mtge. (g'teed
by Saskatchewan), 1939, 4 p.c 58,320 00 46,186 17 46,042 86
Grand Trunk Pacific Ry., 1st mtge. (g'teed
by Alberta), 1942, 4 p.c 9,720 00 7,497 41 7,484 40
Grand Trunk Pacific Ry. (g'teed by Dom.
of Canada), 1962, 4 p.c 145,800 00 110,335 44 110,335 44
Pacific Great Eastern Ry., 1st mtge. (g'teed
by British Columbia), 1942, 4| p.c 369,380 00 278,983 43 278,983 43
Sudbury-Copper Cliff Suburban Electric Ry.
Co., 1st mtge. (g'teed by Sudbury), 1936,
6 p.c 23,000 00 23,000 00 23,000 00
$1,916,508 94 $1,448,363 92 $1,442,962 10
Miscellaneous — Dominion Realty Co., Ltd., 1st
mtge., 1921 to 19.38, 6 p.c S 103,581 77 $ 103,581 77 $ 103,581 77
$8,651,907 07 $7,806,585 17 $7,833,867 59
184 DEPARTMENT OF INiiURANC^
The London Life — Coidinvjtd.
Schedule D.
No.
of Par value. Book value.
Stocks — shares.
Dominion Savings and InvestmentSociety
— Fullypaid 25 $ 1,250 00 S 825 00 $
Huron and Erie Mortgage Corporation —
Fullypaid 37 3,700 00 3,700 00
20 per cent paid 16 320 00 296 00
Ontario Loan and Debenture Co. —
Fullypaid 1,047 52,3.50 00 83,760 00
20 per cent paid 1,000 10,000 00 15,000 00
11 GEORGE V, A. 1921
Depart-
ment's
value.
937 50
4,181 00
345 60
83,760 00
15,000 00
% 67,620 00 $ 103,581 00 $ 104,224 10
SCHEDrLE E.
Cash in banks— Amount.
Molsons Bank, London, Ont $ 33,530 25
London County, Westminster & Parr's Bank, Ltd., London, England 8,092 08
Ontario Loan & Debenture Co., London, Ont 2, 647 94
% 44,270 27
ASSETS OUT OF CANADA.
Ledger Assets.
Book value of bonds, debentures and debenture stocks owned by the Company {For details
see Schedule H) S 45,550 00
Non-Ledger Assets.
Gross premiums, less reinsured-
Due and uncollected
Deferred
Total $
Deduct commission and estimated loss in collection
Net premiums due and uncollected, and deferred
Total Assets out of Canada.
First Year.
$ 252 02
72 29
$
Renewal.
271 35
92 82
$ 324 31
129 72
$
364 17
36 42
$ 194 59
S
327 75
522 34
s
46,072 34
LIABILITIES OUT OF CANADA.
Net liability under assurance, annuity, and supplementary contracts in force for payments
not due, dependent on life, disability or any other contingency or on a term certain. .$ 5,108 00
Received from policyholders in advance: — Premiums 2 20
Total LiabUities out of Canada $ 5, 110 20
PREMIUM INCOME AND ANNUITY CONSIDERATION OUT OF CANADA
First Year. Renewal.
Assurance premiums $ 3,090 03 S 1,12500
Less reinsurance premiums paid 143 75
Total net premiums $ 2,946 28 $ 1,125 00
$ 4,071 28
LIFE INSURANCE COMPANIES
SESSIONAL PAPER No. 8
The London hiFE-^Concluded.
EXHIBIT OF POLICIES OUT OF CANADA (Ordinary).
185
Classification.
Whole Life
Endowment
Assurances.
Term and
Other
Totals.
No.
Amount.
No.
Amount.
No.
Amount.
No.
Amount.
At end of 1919
1
3
$
1,000
4,000
31
43
$
48,500
84,500
1
$
2,500
33
46
$
52,000
88,500
Totals
4
5,000
74
133,000
1
2, 500
79
140,500
Less ceased by —
3
4,000
3
4 000
At end of 1920
4
5,000
71
129,000
1
2,500
76
136,500
5,000
5,000
MISCELLANEOUS.
New policies issued and paid for in cash: — Number, 41; gross amount, $83,000; reinsured in
other licensed companies, $5,000.
Total amount in force divided as to dividend plan: — Quinquennial, $5,000 ; deferred,
$122,000; non-participating, $9,500. Total $ 136,500 00
Schedule H — Out of Canada.
Bonds and debentures — Par value. Book value. Department's value.
Government —
Newfoundland— Bonds $ 22,873 34 ? 16,680 36 $ 16,680 33
Inscribed stock 35, 000 00 28 , 869 64 28, 869 64
•S .57,873 .34 -? 45,. 5.50 00
45,55T 00
186
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
THE MANUFACTURERS LIFE INSURANCE COMPANY.
Statement for the Year ending December 31, 1920.
President, W. G. Gooderham — Vice-Presidents, Lt.-Col. A. J. Wilkes, K.C, and C. C.
Dalton — General Manager and Actuary, J. B. McKechnie — Secretary, E. S. Macfar-
LANE — Treasurer, L. A. Winter — Asst. Actuary, J. H. Lithgow — Head Office, Toronto.
{For List of Directors see Appendix).
(Incorporated June 23, 1887, by 50-51 Vic, cap. 104. Commenced business August 19, 1887.)
CAPITAL STOCK.
Authorized S 3,000,000 00
Subscribed 1,500,000 00
Paid in cash 300,000 00
Premium on Capital Stock paid by Shareholders 143, 608 00
{For List of Shareholders see Appendix.)
SUMMARY BALANCE SHEET.
Total Ledger Assets $31,433,332 99
Deduct excess of total book value
of Ledger Assets over total
Department's value 164, 323 95
Total Ledger Assets taken at
Department's value $31,269,009 04
Non-Ledger Assets 1,951,900 62
Liabilities.
Total Liabilities .•■•;•.■; 530, 384, 568 60
Excess of Assets over Liabilities: —
Capital Stock paid
in cash $ .300,000 00
♦Surplus 2, 536, 341 06
2,836,341 06
Total Assets $33,220, 909
Total $33,220, 909 66
SYNOPSIS OF LEDGER ACCOUNTS.
As at December 31, 1919—
Net Ledger Assets $28,047,68.8 76
Premiums paid in Advance 20, 025 80
Agency balances 633 13
Suspense items 94 24
Total Ledger Assets $28,068,441 93
Increase in Ledger Assets in 1920: —
Income $ 8,639,229 48
Agency balances 34, 305 47
Suspense items 521 37
Total increase $ 8,674,056 32
Total $36, 742,498 25
Decrease in Ledger Assets in 1920 —
Disbursements $ 5,173,567 23
Amount by which Ledger Assets
were written down 134,831 81
Premiums paid in advance 766 22
Total decrease $ 5,309,165 26
As at December 31, 1920:—
Net Ledger Assets $31, 372, 710 79
Premiums paid in advance 19,259 58
Agency balances 34, 938 60
Funds on accumulation 5,808 41
Suspense items 615 61
Total Ledger Assets $31,433,332 99
Total $36,742,498 25
•Including $1,844,122 surplus contingently apportioned to deferred dividend policies issued prior to
January 1, 1911.
LIFE INSURANCE COMPANIES 187
SESSIONAL PAPER No. 8 '
The Manufacturers Life — Continued.
ASSETS.
Ledger Assets.
Book value of real estate, (unencumbered) held by the Company {For details see Schedule A).$ 28, 693 28
Mortgage loans on real estate, first liens 12, 087, 059 63
Loans secured by bonds, stocks or other marketable collaterals (Dom. of Canada Victory
Loan, par and Department's value, $23,100) 16, 335 75
Amount of loans as above on which interest has been overdue for one year or more previous
to statement $647,251.14.
Amount secured by the Company's policies in force, the reserve on each policy
being in excess of all indebtedness: —
Loans to policyholders $ 3,585,883 69
Advances to policyholders under automatic non-forfeiture provisions 540,082 66
4,125,966 35
Book value of bonds, debentures and debenture stocks owned by the Company (For details
see Schedule C) 14, 016, 747 92
Book value of stocks owned by the Company {For details see Schedule D) 845, 235 01
Cash: At head office, $557.86; in banks, $295,945.19 {For details see Schedule E) 296, 503 05
All other ledger assets 16, 792 00
Total Ledger Assets $31,433,332 99
Deduct excess of total book value of real estate, bonds, debentures and stocks over total
Department's value 164,323 95
Total ledger assets taken at Department's value $31,269,009 04
Non-Ledger Assets.
Interest or dividends on — Due. Accrued.
Mortgages $ 126,295 91 $ 501,909 87
Collateral loans 274 87
Bonds and debentures 17,646 11 259,027 58
Premium notes, policy loans and liens 152, 137 88
Other assets 436 89
Total interest $ 143,942 02 $ 913,787 09
$ 1,057,729 11
Due from other licensed companies on reinsured contracts for losses or claims paid 1, 448 21
Gross premiums, less reinsured: — First Year. Renewal.
Due and uncollected % 226,741 72 $ 612,475 19
Deferred 60,799 73 222,912 80
Total $ 287,541 45 $ 835,387 99
Deduct commissions and estimated loss in collection 58,947 43 171,258 71
Net premiums due and uncollected, and deferred $ 228,594 02 $ 664,129 28
892,723 30
Total Non-Ledger Assets $ 1,951,900 62
Total Assets $33,220,909 66
LIABILITIES.
Net liability under assurance, annuity, and supplementary contracts in force for payments
not due, dependent on life, disability or any other contingency or on a term certain (»See
Statement oj Actuarial Liabilities) $28, 193, 175 00
Net surrender values claimable under cancelled contracts 3,818 00
Net liability for payments due under contracts: —
Death Matured Annuity Supplementary
Losses. Endowments. Claims. Contracts.
Adjusted but unpaid $ $ 62,84100 $ 608 34 $ 263 92
Unadjusted 256,962 34
Resisted, in suit 9,000 00
Resisted, not in suit 8,640 00
Totals $274,602 34 $ 62,84100 $ 608 34 $ *263 92
338,315 60
Provision for unreported death losses and disability claims 75,000 00
Amounts left with the Company (arising out of assurance contracts) including interest
accumulations: Dividends, $3,611.17; amounts assured, $2,197.24 5,808 41
Received from policyholders in advance: — Premiums , 19, 259 58
Net dividends to policyholders due and unpaid 53, 650 00
'Involving life contingencies
188
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
The Manxjfacturers Life — Continued.
LIABILITIES— Condwied.
Premium reductions on outstanding premiums and annuity consideration $ 5,527 00
Net profits allotted to deferred dividend policies issued on and after January 1, 1911 404,770 00
Provison for profits to policyholders payable in the year following the date of account 477,035 00
Provincial, municipal and other taxes due and accrued 90, 000 00
Balance of shareholders' surplus account 350, 336 54
Salaries, rents and office expenses, due and accrued 13,896 70
Medical examiners' fees due and accrued , 10,871 27
Commissions to agents due and accrued 6, 551 29
Reserve, special, or surplus funds not included above: — Special Contingency Reserve,
S300,000: reserve for school debenture collections. $1,000 301,000 00
Items awaiting adjustment:— Agency, $34,938.60; sundry, $615.61 .35, 554 21
Total Liabilities $30, 384, 568 60
SHAREHOLDERS' SURPLUS ACCOUNT.
Balance, Dec. 31, 1919 $ 303,362 66
Interest added during 1920 35, 208 42
Shareholders' proportion of profits: —
Participating account 44, 116 63
Income Tax previously overcharged 217 75
Dividends to shareholders.
Income Tax
24,000 00
8,568 92
350,336 54
Total.
382,905 46
Balance, Dec. 31, 1920
Total $ 382,905 46
INCOME.
First Year. Renewal. Single.
Assurance premiums $2,010,944 28 $4,884.322 26 $ *154,921 76
Less reinsurance premiums paid 127,583 93 162, 191 03
Total net premiums $1,883,360 35 $4,722,13123 $ 154,921 76 $ 6,760,413 34
15,007 74
497 69
Consideration for annuities $
Total group premiums
285 43 $ 14,722 31
Total net premium income and consideration for annuities $ 6,775,918 77
Consideration for supplementary contracts: —
Not involving life contingencies
Amounts left with the Companv at interest (arising out of assurance contracts): —
Dividends, 83,302.95; all other amounts, $144.36 .'
Gross interest or dividends on —
Mortgages (less $504.94 paid for accrued interest on mortgages acquired
during year) $ 652,707 16
Collateral loans 1 , 148 02
Bonds and debentures (less $5,265.33 paid for accrued interest on bonds
acquired during year) 752,496 41
Stocks 44,966 03
Premium notes, policy loans and liens 238,322 08
Bank deposits and sundries 10,338 83
Advances made to agents in previous years and recovered during the year
13,763 67
3,447 31
Income from all other sources: — Profit on exchange, $122,301.23; bonus on new mortgage
advances, $2,225.30
Gross profit on sale or maturitv of ledger assets: —
Real estate, $3,022.27; bonds, $15,066.85; stocks, $1,901.32
,699,978 53
1,604 23
124,. 526 53
19,990 44
Total Income $ 8, 639, 229 48
•Including $110,744.21 single premiums paid by application of assurance dividends.
LIFE INSURANCE COMPANIES
189
SESSIONAL PAPER No. 8
The Manufacturers Life-
-Continued.
DISBURSEMENTS.
In respect of assurance contracts: — Death
Death, endowment and disability Claims,
claims — •
Amount assured $ 1,064,046 85
Bonus addition 10,472 96
Total $ 1,074,519 81
Less received for reinsured 73, 472 25
Matured
Endowments.
$ 647,074 51
2,873 36
$ 649,947 87
10,000 00
Disability
Claims.
455 91
455 91
Net total .11,001,047 56 $ 639,947 87 $
Net surrender values
Net dividends —
In cash
Left with the company at interest.
Applied as single premiums:- —
To purchase bonus addition
To purchase premium reduction.
455 91$' 1,641,451 34
5.54, 158 95
85,385 36
25,358 85
294,550 48
3,302 95
110,744 21
Total net dividends
In respect of life annuity contracts:— Cash payments to annuitants
Total iie^ disbursements in respect of assurance and annuity contracts. .;
Net payments on supplementary contracts: — Not involving life contingencies
Net reduction in premiums resulting from application of dividends
Amounts left with the company and interest accumulations withdrawn: —
Dividends, $205.11; all other amounts, $1.11
Interest or dividends to shareholders
*Taxes, licenses and fees (including taxes on investments but excluding taxes on real estate) .
*Head office expenses: — Salaries, 1216,620.72; directors' fees, $16,825. 50; auditors' fees,
$4,500; travelling expenses, $7,944.46; rents, $21,588.39
*Branch office and agency expenses: — Assurance commissions — first year, $1,166,527.91;
renewal, $299,874.38; commuted renewals, $7,800; Annuity commissions— first year,
$266.70; advanced to agents, $16,043.57; salaries, $194,206.14; travelling expenses,
■143,033; rents, $24,734.96; agency conventions, $24,869.90; agency auditors, $9,081.93. . .
*A11 other expenses: — Advertising, $27,738.49; books and periodicals, $1,518.28; express,
telegrams and telephones, $9,796.23; legal fees, $6,442.22; medical fees, $104,614.79;
office furniture, $24,607.11; postage, $14,140.88; printing and stationery, $51,566.68;
commissions on loans, $27,162.48; appraisement expenses, $28,263.90; light, $1,223.11;
inspection of risks, $12,891.74; miscellaneous, $28,580.70
Gross loss on sale or maturity of ledger assets: —
Real estate, $2,237.23; mortgages, $3,000
408,597 64
10,520 95
2,614,728 88
5,825 56
19,108 57
206 22
24,000 00
111,996 60
267,479 07
1,786,438 49
338,546 61
5,237 23
Total Disbursements.
$ 5,173,567 23
EXHIBIT OF ANNUITIES.
Life Annuities
Proper.
Arising out of Life Assurance
Contracts.
Totals.
Classification.
Involving Life
Contingencies.
Not involving Life
Contingencies.
No.
Annual
Payment.
No.
Annual
Payment.
No.
Annual
Payment.
No.
Annual
Payment.
At end of 1919
22
5
$ cts.
9,258 71
2,810 60
7
3
$ cts.
1,013 51
263 92
14
2
$ cts.
4,614 03
1,150 53
43
10
$ cts.
14 886 25
New issued
4,225 05
Totals
27
12,069 31
10
1,277 43
16
5,764 56
53
19,111 30
Less ceased by: —
Death
3
1,246 80
1
• 200 00
4
1
1,446 80
Expiry
1
417 00
417 00
Total ceased
3
1,246 80
1
200 00
1
417 00
5
1 863 80
At end of 1920
24
10,822 51
9
1,077 43
15
5,347 56
48
17,247 50
*Investment expenses included in these items: — Salaries: Head Office, $39,640.38; commis-
sions on loans, $27,162.48; appraisement expenses, $28,263.90; directors' fees, $8,412.75;
legal fees, $1,610.55; auditors' fees, $2,250; miscellaneous, $20,549.28.
Total investment expenses $ 127, 889 34
190
DEPARTMENT OF IN8VRANCE
11 GEORGE V, A. 1921
The Manufacturers Life — Continued.
EXHIBIT OF POLICIES (Obdinart)
(For policies herein included involving disability benefits see Abstract).
Classification.
Whole Life.
Endowment
Assurances.
Term and
Other.
Bonus
Additions.
Totals.
No.
Amount.
No.
Amount.
No.
Amount.
No.
Amount.
At end of 1919
52.901
13.970
228
51
136
S
94,091,334
34.056.341
521.034
121.028
340. 172
25.276
7.108
132
3
85
i
42,496,016
17,751,289
242,557
8,833
196.943
8.58
56
3
1
71
$
2,195.761
328.734
8,000
1.100
87.447
$
603,620
132,485
79,035
91 l.'?4
$
1.39,386,731
52,268,849
6,664 363
778,2.55
Old increased
2^415
55
292
1.30,961
Transferred to
626,977
Totals
67,286
129,129,909
32,604
60,695.638
989
2,621,042
745, 184
100,879
193,191.773
Less ceased by: —
Death
355
672,462
252
398
"174
1,313
"408
124
394.635
6.54.744
46,980
3.38,786
•2,698,963
71.0.52
905.879
282,642
12
26,500
9,385
4,056
""20,' 4^
4,234
619
398
51
657
4,176
1,102.982
658.800
17,685
762,661
5,205,809
168,661
1,571,275
265.080
51
1
40
....
1
28
76,240
3,000
189.020
1,887
10,000
76,840
140.905
Surrender
482
2,823
1.124,918
8,098,026
Decrease
241,600
664
140
1,073
292
2,487,154
Transferred from . . .
2.415
626,977
4,464
8.663.633
2,669 5. 393. 681
133
383,487
40.561
7,266
14,481,362
At end of 1920
62,822
120,466,276
29,935
55,301,957
856
2,237.555
704.623
93,613
178,710,411
Reinsured
3,219,718
1,981,897
55.000
8,229
5,264,844
MISCELLANEOUS
New policies issued and paid for in cash: — Number, 19,386; gross amount, §47,862,603;
reinsured in other licensed companies, $2,295,095.
Claims reinsured:^ Death claims, §73,472.25; matured endowments, §10,000.
Total amount in force divided as to dividend plan: — Annual, $7,648,034; quinquennial.
$88,695,165; deferred, §60,561,163; bonus additions, $704,623; non-participating,
$21,101,426.
Total $
EXHIBIT OF POLICIES. (Group)
178.710.411
Term.
No. of
Policies.
No. of
Employees.
Amount
Assured.
1
56
21
$
40,800
New Employees insured during 1920 under policies after datfe of
10,500
1.200
Total
1
77
52,500
Less ceased: —
Employees —
By termination of employment —
6
5,000
At end of 1920
1
71
47.500
LIFE INSURANCE COMPANIES
191
SESSIONAL PAPER No. 8
The Manufacturers Life — Continued.
STATEMENT OF ACTUARIAL LIABILITIES
Assurance Section
Class of Contract.
Gross in Force.
Reinsured in Companies
licensed in Canada.
Number.
Amount.
Reserve.
Amount.
Reserve.
Ordinary with Profits: —
Life
56,313
27,463
184
$
106,689,037
49,941,825
273,500
704,623
$
13,499,700
11,330,491
6,350
423,806
59,228
37,387
5,722
200,000
$
2,495,249
1,846,399
183,202
327,494
8.229
5,948
Totals
83,960
157,608,985
25,562,684
4,349,877
516,644
Ordinary without Profits: —
Life
6,509
2,472
672
13,777,239
5,360,132
1,964,055
2,229,092
801,561
37, 170
4.681
458
21,761
724,469
135,498
55,000
87,739
19,171
Term etc '
440
Totals
9,653
21,101,426
3,094,723
914,967
107,350
Group with Profits: —
1
47,500
29
93,614
178,757,911
28,657,436
5,264,844
623,994
Annuity Section.
Class of Annuity.
Gross in Force.
Number.
Annual
Payment.
Reserve.
Without Profits:—
Life Annuities Proper
Supplementary contracts: —
Involving life contingencies
Not involving life contingencies.
Totals
$ cts.
10,822 51
1,077 43
5,347 56
$ cts.
88,183 00
13,524 00
58.026 00
48
17,247 50
159,733 00
SUMMARY OF RESERVE.
With Profits. Without Profits. Total.
Total reserve, policy and annuity contracts $25,562,713 00 $ 3,254,456 00 $28,817,169 00
Total reserve on reinsured contracts 516,644 00 107,350 00 623,994 00
,193,175 00
Total net reserve on the Company's basis of valuation $25,046,069 00 $ 3, 147, 106 00
Deduction therefrom permitted under Section 43 (3),
Insurance Act, 1917 (none made) (I 951,898 00)
Net reserve carried in the liabilities $25,046,069 00 $ 3,147,106 00 $28,193,175 00
Net reserve estimated on the statutory basis (without
deduction) $27,826,819 00
Reserve maintained by the Company in excess of the
statutory reserve 366, 356 00
192 DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
The Manufacturers Life — Continued.
MISCELLANEOUS STATEMENT.
I. The calculation of the "Reserve" in the "Statement of Actuarial Liabilities" —
il) Policies have been valued according to the net premium method of valuation. For the purpose
of valuation, policies have been brought together in groups according to plan, age at entry, and duration.
Age at entry for fixing the premiums and valuation for assurance was age next Vjirthday except for
business in Canada after February 8, 1915, in Cuba after January 16, 1912, and all business in the United
States where age nearest birthday was taken. For annuities, age at entry was age last birthday. All
policies and Annuities were assumed to have been issued in the middle of the calendar year of entry.
Tables of Mortality used in the valuation are as follows: —
For Annuities the British Office Select Life Annuity Table (1893).
For policies on lives resident in temperate countries the Institute of Actuaries Hm Table.
Special Classes —
(a) For policies on lives resident in tropical countries the American Tropical Table. For policies
on lives resident in Sub-Tropical countries a table based on the mean of the Institute of Actuaries
Hm Table and the American Tropical Table. The rate of interest assumed is 35%. On account
of the Company guaranteeing on certain Policies a surrender value at the end of fifteen years
from date of issue equal to the Hm 3% reserve, an additional reserve which is sufficient to
provide for the difference between the Hm 3% and the Hm 33% reserve at the end of fifteen
years has been set aside. Policies coming under this provision consist of all Whole Life and
Limited Payment Life Policies at Northern Rates since January 1, 1904.
(jh) Policies issued at premiums corresponding to ages higher than the true ages were valued according
to the actual age of the Insured for all Policies issued prior to the 11th September, 1918. Such
policies issued after that date were valued according to the Rated-Up age.
(c) Policies providing for payment at death during certain periods of an amount less than the full
amount of insurance were valued for the full amount of insurance.
(d) In the valuation of policies issued at, or subsequently subject to an extra premium, whether payable
(o) in one sum or (6) annually, a reser^'e equal to one-half of the extra premium was set aside.
(e) Policies are not issued to sub-standard lives except at a rated up age or subject to a lien.
if) Policies providing for Disabliity Benefits (1) before occurrence of disability 50% of the gross
premiums received since the commencement was held as a reserve Liability. (2) After disability
has occurred, the Policy is valued as a Paid-Up Policy. The only claims as yet experienced
by the Company under the Disability Benefits are those providing for the waiver of premiums
only.
(g) No Annuities were issued to lives classed as under average.
(2) Items of Special Reserve —
(a) No extra reserves were maintained under Limited and Single Premium Policies on account of
prepaid or limited loadings, nor under immediate annuities to cover future expenses.
(6) AH Life and Limited Payment Life Policies issued at Northern Rates since January 1, 1904,
guaranteed a Surrender Value at the end of fifteen years equal to the Hm 3% reserve. An
additional reserve sufficient to provide for the difference between the Hm 3% and the Hm 3|%
reserve at the end of fifteen years has been set aside.
(c) No reserv'e in excess of the cash surrender value is held on account of lapsed Policies not continued
in force under Automatic Non-Forfeiture provision but subject to reinstatement.
(d) No reserve is maintained to cover the option of Renewal under Term Policies. The Company's
regular Term Policies do not contain the option of renewal.
(e) No reserve is maintained to cover the option of conversion into a higher premium policy. Each
case is treated independently as it arises.
if) An additional reserv^e as required by Section 103 (3) of the Insurance Act 1917 was held on ail
business issued since January 1, 1911, with premium less than 102-5% of the Om (5) 3§% net
premium.
II. Tropical and Sub-Tropical Policies have the same surrender Values as Policies at Temperate Rates.
Since the 11th of September, 1918, Policies issued at a higher age than the true age have guaranteed
values at the higher age.
III. The average rate of interest earned on the mean net ledger assets was 6-62%.
IV. The Distribution of Surplus —
(a) The distribution of surplus as between shareholders and policyholders is in accordance with the
Company's charter which provides that the holders of participating policies shall be entitled
to share to the extent of not less than 90% in that portion of the profits set apart for distribution
which has been distinguished as having been derived from participating policies.
(6) Dividends were calculated by accumulating asset shares by policy years using factors closely
approximating the actual experience of the Company. The actual surplus paid or apportioned
to policyholders was a determined proportion of the surplus ascertained by deducting the
appropriate reserves from the asset shares so determined. In the case of policies issued at
Temperate Rates the following factors were used in computing these asset shares: — Interest
5 per cent; mortality, from 65 to 100%, depending on the age and section under consideration,
of the Hm Table of Mortality; and an expense allowance of the difference between the gross
premiums and on life plans, 1-075 times the Hm 3^% net rate with provision for 3% at the end
of fifteen years; on endowment plans, 1-075 times the Hm 3^% net rate.
On Tropical and Sub-Tropical Policies the same bonuses were declared as in the home sections and the
cash dividends were the cash values of these bonuses according to the Tropical and Sub-Tropical Table.
The various options were calculated from the cash dividends according to the following tables: —
Policies at Temperate rates, the Hm 3^% Table.
" Tropical rates, the American Tropical 3|% Table.
" Sub-Tropical rates, on a table based on the mean between the Hm
3J% Table and the American Tropical 3|% Table,
(c) The Company has not issued participating annuities.
LIFE INSURANCE COMPANIES
193
SESSIONAL PAPER No. 8
The Manufacturers Life — Continued.
DEFERRED DIVIDEND POLICIES.
Issued prior to January 1, 1911, and Amount of Profits contingently apportioned thereto.
Year
of
Issue.
1891..
1892..
1893..
1895..
1896..
1897. .
1898..
1899..
1900..
1901..
Total Net
Amount
in Force.
6,000 00
6,500 00
1,000 00
7,810 00
16,000 00
13,500 00
19,000 00
.30,000 00
31,000 00
953,562 00
Profits
Contingently
Apportioned.
•S 1,797 00
1,406 00
227 00
1,214 00
3,677 00
2,048 00
2,886 00
4,574 00
4,764 00
201,432 00
Year Total Net Profits
of Amount Contingently
Issue. in Force. Apportioned.
1902 $ 1,451,596 00 $ 182,847 00
1903 1,513,014 00
1904 1,796,8.34 00
1905 1,944,625 00
1906 2,223,677 00
1907 2,196,732 00
1908 2,296,9.39 00
1909 2,456,328 00
1910 2,463,825 00
192,281 00
226,7.50 00
245,7.59 00
181,508 00
140,594 00
146,647 00
152,335 00
151,376 00
Totals $19,427,942 00 $1,844,122 00
Issued on and after January 1, 1911, and Am.ount of Profits credited thereto.
Year Total Net Profits
of Amount Credited.
Issue. in Force.
1911 $2,945,53100 $ 71,312 00
1912 3, 647,. 3.58 00 89,214 00
1913 3,393,746 00 82,5.57 00
1914 3,440,2.53 00 84,669 00
1915 3,135,873 00 77,018 00
1916 3,226,221 00 Nil.
Year Total Net
of Amount
Issue. in Force.
1917 $ 3, 722, ,5.35 00
1918 3,926,277 00
1919 - 6, .325, 610 00
1920 6,128,870 00
Profits
Credited.
Nil.
Nil.
Nil.
Nil.
Totals $39,892,274 00 $ 404,770 00
Schedule A.
Book and
Actual cost. Department's
Real estate — value.
^Z6erto— Calgary, Blk. 96, PI. 228— 14th Ave $ 3,466 54 $ 3,310 07
Manitoba— Hural property, three parcels, each under $5,700
book value 11,442 04 10,645 38
Saskatchewan — Rural property, nine parcels, each under
.S3,600 book value 15,858 73 14,737 83
30,767 31 $ 28,693 28
Schedule C.
*Bonds and debentures —
Par value. Book vahie. Department's
Governments — value.
Canaiia— Stock $ 49,220 39 $ 48.987 31 $ 37,899 70
Victory Loan 6,486,000 00 6,470,904 30 6,486,000 00
Provinces of Canada —
Alberta— Debentures 43,313 32 41,228 23 40,179 19
Manitoba— Debentures 1 , 946 66 1 , 567 58 1 , .596 26
Registered Stock 30,88166 24,28191 25,014 14
NewBrunswick— Registered Stock 4,866 67 3,807 16 3,990 67
Nova Scotia— Debentures 48, 666 66 38, 992 89 38, 446 67
Redeemable Stock 2,433 33 1,682 80 1,682 80
Ontario— Railway Certificates 10,529 93 10,279 02 8,950 44
Regi.stered Stock 51,464 96 39,849 07 42,652 41
Quebec— Inscribed Stock 8,273 32 7,437 75 7,499 52
Saskatchewan— Bonds 25,000 00 25,701 28 26,250 00
Registered Stock 9,733 33 - 7,706 67 7,706 67
Other Governments in British Empire— "} i - ' '\:i(ih
British— Consolidated Stock 58 , 400 00 53 ,^68 M 32 , 704 00
War Loan 802,999 99 707,195.38 707,195 38
India Stock (Sterling) 50, 926 52 49, 648 63 34, 120 77
Cape of Good Hope — Consolidated
Stock .50,613 32 49,388 40 36,947 72
Newfoundland— Bonds 61,319 96 43,988 09 43,975 67
*0f which are on deposit with Receiver General: — Province of Saskatchewan, $25,000; City of
Brandon, $25,000; City of Ladysmith, $10,000; City of North Vancouver, $24,100; Citv of Sault Ste.
Marie, $20,000; City of Toronto, $8,273.33; Town of Gananoque, $50,000; District of Spallumcheen,
$30,000; District of Summerland, $10,000; Grand Mere School, $10,000.
8—13*
194
DEPARTMENT OF INSURANCE
The Manufacturers Life — Continued.
11 GEORGE V, A. 1921
Schedule C — Continued.
Bonds and debentures — Continued.
GovcrnrrKntx — Concluded. Par value. Book value. Department's
Foreign Governments — value.
Cuba— Gold Bonds, External $ 25,000 00 $ 2.5,000 00 $ 24,750 00
Japan— External Sterling Bonds 660, 708 99 520. 1 10 83 513, 463 64
External Sterling Bonds.lst series 87,660 00 84,925 31 81,. 523 80
Internal Bonds 145,000 00 116,373 69 102,950 00
Mexico — Interior Redeemable Debt
Bonds (Silver) 25,000 00 5,000 00 5,000 00
Porto Rico— Registered Bonds 10,000 00 10,168 81 10,300 00
United States of America — Fourth
Liberty Loan 37,000 00 35,173 94 35.173 94
$8,786,959 01 $8,428,767 39 $8,355,973 39
Cities —
Alberta —
MedicineHat $ 10,422 33 $ 10,514 31 $ 10,005 44
Red Deer 10,535 02 10,374 19 10,218 97
Strathcona 5,690 75 5,707 23 5,520 03
Wetaskiwin 14,423 04 14,15181 14,326 00
British Columbia —
Greenwood 18,146 02 18,146 02 17,783 10
Kelowna 20,000 00 16,989 53 17,400 00
North Vancouver 24,100 00 22,494 64 20,53100
Salmon Arm 30,000 00 26,045 81 27,700 00
Victoria 46,000 00 45,408 88 37,180 00
Four other cities, par value for each
not exceeding $11,000 33,500 00 32,48174 28,950 00
Manitoba —
Brandon 60,000 00 56,280 21 56,450 00
Portage la Prairie 25,000 00 26,844 29 22,000 00
St.Boniface 25,000 00 22,412 80 23,000 00
Nova Scotia —
Halifax 31,000 00 31,110 78 26,660 00
Ontario —
FortWiUiam 25,000 00 22,840 43 23,000 00
Ottawa 20,00000 18,595 00 19,000 00
Port Arthur 42,000 00 43,06177 39,160 00
Sault Ste. Marie 30,000 00 29,268 66 29,400 00
Toronto 70,259 78 67,593 36 60,755 04
Three other cities par value for each
under86,600 15,27175 15,246 33 15,08120
Quebec —
Hull 49,000 00 47,695 60 48,090 00
Montreal 30,000 00 29,429 42 26,100 00
Saskatchewan —
Moosejaw 18,939 95 19,070 62 17,235 35
Prince Albert 1, 708 07 1, 708 07 854 03
Regina 15,840 00 14,430 24 14,5.56 00
United States of America —
Cleveland 65,000 00 65,550 25 65,650 00
Towns —
Alberta —
Fort Saskatchewan S
Lacombe
Pincher Creek
Four other towns par value for each
under $7,400
Manitoba —
Carberry
Carman
Dauphin
Souris
The Pas
Five other towns, par value for each
under $9, 100
Ontario —
Dundas
Essex
Gananoque
Midland
New Liskeard
Palmerston
Parry Sound
$ 736,836 71 $ 713,451 99 $ 676,606 16
14,423 84
13,260 53
10,717 19
19,773 27
12,006 38
30,777 40
14,151 88
16,062 99
25,000 00
34,936 62
20,701 04
31,721 66
50,000 00
25,034 49
40,511 60
21,107 17
20, 638 37
13,204 89
12,639 71
9,581 34
19.382 79
12,131 31
31,090 29
13,712 54
16,102 58
23,796 91
32,336 41
20,701 04
32,695 04
49,638 91
25,364 60
40,173 86
21,349 42
20.383 85
13,558 41
12,379 87
9,752 64
19,569 25
11,286 00
28,084 49
13,865 24
16,490 25
23,796 91
32,133 68
21,115 06
33,064 56
42,500 00
25,407 05
37,270 67
20,029 67
18,574 53
LIFE INSURANCE COMPANIES 195
SESSIONAL PAPER No. 8
The Manufacturers Life — Continued.
Schedule C — Continued.
Bonds and debentures — Continued.
Towns— Concluded. Par value. Book value. Department's
Onfar JO— Concluded. value.
Rainy River % 16,098 01 $ 15,937 03 $ 14,97115
Sandwich 15,327 51 15,450 36 15,778 56
Smith's Falls 50,399 62 50,65165 45,00175
Sudbury 25,470 27 24,133 77 23,932 82
Nineteen other towns, par value for
each under $10,900 95,91151 95,890 19 93,254 66
0 W €u€C —
Aylmer 6,000 00 6,257 41 5,400 00
Chicoutimi 13,147 95 13,878 13 11,70168
Joliette 18,50000 17,718 57 17,175 00
Levis 25,400 00 23,322 51 19,308 00
St. Lambert 13,000 00 12,756 04 13,000 00
Shawinigan Falls 25,000 00 24,277 22 23,150 00
Saskatchewan —
Battleford 21,47121 10,7.35 60 17,2.32 26
Humboldt 17,778 10 15,78131 17,244 75
Kerrobert 12,659 64 11,119 69 11,614 23
Melfort 17,107 08 19,060 67 20,104 58
Melville 23,367.33 20,962 32 22,290 12
Nokomis 12,526 50 12,378 42 11,952 36
Watrous ... 16,883 16 14,38190 14,38190
Weyburn 20.000 00 20,200 10 17,000 00
Wilkie 12,667 99 10,80150 11,527 87
Yorkton 20,626 40 19,727 00 19,278 62
Eleven other towns, par value for each
under$9,000 61,928 58 59,18168 59,428 96
$ 942,095 29 $ 908,888 56 $ 883,607 55
Villages —
Ontario —
Bobcaygeon $ 22,815 55 $ 22,785 40 $ 20,478 26
Burks' Falls 12,22131 12,22,131 11,610 24
Fenelon Falls 15,195 00 15,043 84 13,979 40
Grimsby 19,990 62 19,533.53 17,99156
New Hamburg 12,824 30 12,484 53 12,377 16
Five other villages, par value for each
under $7,700 25,024 30 25,405 62 24,926 28
Saskatchewan — Seventeen villages par
value for each under $2,700 18, 083 39 17, 703 69 17, 686 05
$ 126,154 47 $ 125,177 92 $ 119,048 95
Townships, Districts or Municipalities —
Alberts —
Warner $ 10,500 00 $ 10,004 71 $ 10,500 00
British Columbia —
Chilliwack 14,000 00 13,939 43 13,860 00
Delta 15,00000 13,444 35 13,350 00
Esquimau 25,000 00 20,752 13 20,500 00
North Cowichan 35,000 00 30,538 83 29,750 00
Oak Bay 10,000 00 9,709 03 9,700 00
Penticton 3,700 00 3,635 92 3,700 00
Richmond 77,000 00 60,528 59 59,870 00
Saanich 50,000 00 45,367 80 46,500 00
Spallumcheen 30, 000 00 31, 364 19 26, 100 00
Summerland 10,000 00 8,355 54 8,600 00
Manitoba —
Assiniboia 55,362 24 48,674 97 49,826 02
Ellice 29,662 53 31,487 69 31,487 69
Greater Winnipeg Water District 11, 193 33 9, 123 24 9, 626 26
Hillsburg 13,216 19 13,446 17 13,446 17
Pipestone 14,000 00 14,287 63 15,120 00
St. Vital 36,635 34 36,259 44 35,30131
SwanRiver 18,628 67 18,328 11 18,814 96
Wallace 42,699 88 38,106 61 38,106 61
Westbourne 15,129 16 15,743 51 14,372 70
West Kildonan 25,000 00 22,88172 23,750 00
Two other rural municipalities, par
value for each under $4,000 6,163 03 6,114 68 5,938 43
^—13
1*
196
DEPARTMENT OF INSURANCE
The Manufacturers Life — Continued.
11 GEORGE V, A. 1921
Schedule C — Continued.
Bonds and debentures — Continued.
Townships, Districts or Municipalities — Con. Par value. Book value. Department's
Ontario — value.
Dover $ 1.3,896 57 $ 14,117 38 $ 14,440 10
Nepean 20,75.5 09 21,895 18 22,415 50
Paipoonge 11,000 00 10.620 77 10, .590 00
Prescott and Russell 16,24109 16.882 77 17,215 56
Sixteen other townships, par value for
each under $9,200 52,99196 52,846 25 53.759 43
Saskatchewan — Eighteen rural municipal-
ities, par value for each under $8,300. 79,483 34 77,696 87 78,485 34
$ 742,258 42 $ 696,153 51 $ 695,126 08
Schools —
Alberta —
Beverly $ 18,375 00 $ 17,82120 $ 18,375 00
Cardston 12,500 00 12,008 46 12,. 500 00
Provost 8,250 00 8,426 63 8,827 50
Thibeault 9,800 00 9,537 27 10,094 00
418- other schools par value for each
under $6,100 300,192 42 301,157 64 304,916 74
Monitobn —
East Kildonan 24,000 00 23,41108 24,240 00
Plumas Consolidated 9, 100 00 9, 100 00 9, 100 00
Transcona 14,000 00 12,872 69 13,440 00
112 other schools, par value for each not
exceeding $5.400 151,980 46 155,332 36 1.55,487 87
Owtono— Toronto, R.C 14,000 00 13,464 30 13,720 00
New Brunsivick—WeWington 1, 250 00 1, 283 88 1, 275 00
Quebec —
Cote des Neiges 15, 000 00 14, 731 57 15, 450 00
Coteau St. Pierre 10,000 00 10,000 00 10,000 00
Grand Mere 10,000 00 10,000 00 9,100 00
Joliette 22,000 00 20, .324 89 21,120 00
Notre Dame de Grace, West 17,000 00 17.000 00 17,660 00
River St. Pierre 25,000 00 23,39144 24,000 00
St. Cecile 7,000 00 6,392 12 6,720 00
St. Clothilde 29,000 00 26,457 71 27,550 00
St. Francois Solano 20,000 00 20,000 00 20,200 00
St. Gregoire le Thaumaturge 25,000 00 25,000 00 25,750 00
St. Hyacinthe 26,000 00 26,000 00 26,000 00
Shawinigan Falls 15,000 00 12,846 00 13,200 00
Villeray 31,500 00 29,329 14 31,335 00
Saskatchewan —
Drinkwater 10,975 94 11,184 99 11,195 46
Graton, R.C 21,000 00 21,000 00 19,740 00
Lipton 10,945 67 10,945 67 10,945 67
Silver Hills 9,756 07 10,4.33 00 10,4.33 00
St. Paul's 36,779 62 33,934 06 .33.934 06
St. Vital of Battleford 15,404 98 7,750 95 15,404 98
Swift Current 25,000 00 24,233 22 24,750 00
Wadena 27,253 50 26,963 62 29,706 31
Webb 9,808 95 9,914 07 9,907 58
663 other schools, par value for each
under $7,100 675,363 65 687,672 07 699,430 46
$1,658,236 26 $1,649,920 03 $1,685,508 63
Rural Telephones, Saskatchewan —
Argo $ 14,176 50 $ 14,48146 $ 14,48146
Atwater 10,867 33 11,11196 11,11196
Bertdale 16,800 00 17,666 22 17,666 22
Deer Lodge 17,045 55 17,889 95 17,889 95
Dunleath 15,649 32 15,870 06 15,870 06
Elbow Lake 20,000 00 21,0.30 20 21,030 20
Engelfeld 26,778 41 27,530 83 27,5.30 83
Flett Springs 15,000 00 15,77128 15,77128
Harris 14,405 65 14,789 93 14,789 93
Homestead 17,000 00 17,876 54 17,876 54
Kildrum 15,60000 16,398 14 16,398 14
Lashburn 19.600 00 20,610 60 20,610 60
Linden Valley 17,300 00 17,593 82 17,593 82
Little Quill 16,000 00 16,784 51 16,784 51
Lynn Grove 15,700 00 16,47165 16,47165
Manitou Lake 22,737 65 22.7,37 65 22,737 65
LIFE INSURANCE COMPANIES 197
SESSIONAL PAPER No. 8
The Manufacturers Life — Continued.
Schedule C — Concluded.
Bonds and debentures — Concluded. Par value. Book value. Department's
Rural Telephones, Saskatchewan — Concluded. value.
Marcelin $ 12,243 31 $ 12,416 01 ? 12,416 01
Morse 17,500 00 18,402 32 18,402 32
Naseby 10,126 03 10,268 87 10,268 87
North Forres 19,666 49 20,56158 20,56158
Parry 13,300 00 13,985 27 13,985 27
Pilger 20,000 00 20,325 20 20,325 20
Plunkett 11,800 00 12,407 32 12,407 32
Punnichy 20,000 00 21,022 00 21,022 00
Ruddell 14,127 92 14,524 88 14,524 88
St. Gregor 11,967 13 12,135 92 12,135 92
Southdale 11,000 00 11,. 540 65 11,. 540 65
Speers 22,948 23 23,260 32 23,260.32
Success 21,300 00 22,393 65 22,393 65
Tadmore 10,494 26 10,642 28 10,642 28
Tribune 22,300 00 23,4.34 87 23,434 87
Trossaches 15,800 00 16,608.37 16,608 37
Turvin 11,967 13 12,147 73 12.147 73
Veregin 19,000 00 19,977 65 19,977 65
WakawLake 20,000 00 21,03122 21,03122
Westbrook Gladwin 14,200 00 14,924 46 14,924 46
Wroxton Kessock 20,000 00 21,03122 21,03122
Zelma 12,000 00 12,618 73 12,618 73
72 other rural telephones, par value for
each not exceeding $9,900 325, 376 72 336, 250 34 336, 250 34
S 951,777 63 $ 986,525 66 $ 986,525 66
Railways —
Canadian Northern Western Ry., 1st
mtge. (g'teed by Alberta), 1943,
4| p.c. (Canadian National Rail'ys)? 19,466 66 $ 15,606 95 S 16,35199
Canadian Northern Western Ry., 1st
mtge. (g'teed by Alberta), 1942,
4ip.c. (Canadian National Rail'ys) 9,733 34 7,883 60 8,176 01
Cape Breton Electric Co., Ltd., 1st
mtge., 19.32. 5 p.c 24,000 00 23,655 36 21,360 00
Grand Trunk Pacific Ry., 1st mtge.
(g'teed bv Saskatchewan). 1939,
4 p.c. (Canadian National Rail'ys). 43,254 00 34,219 29 .34,170 66
Porto Rico Railways Co., Ltd., 1st
mtge. S.F., 19.36, 5 p.c 10,000 00 9,638 02 8,300 00
Quebec, Montmorency and Charlevoix
Ry., 1st mtge., 1923, 5 p.c 47,000 00 47,550 16 41,360 00
$ 153,454 00 $ 138,553 38 $ 129,718
Miscellaneous —
Canadian Realty Corpn., Ltd., 1st
mtge., 1921 to 1949, 6 p.c $ 114,000 00 S 114,000 00 $ 114,000 00
Consumers Heating Co., Ltd., 1st
mtge., 1919 to 1921, 6 p.c 3,000 00 3,000 00 2,790 00
Dominion Realty Co., Ltd., 1st mtge.,
1921 to 1924, 5 p.c 17,925 31 17,925 31 17,387 55
Marquette and Bessemer Dock and
Navigation Co., 1st mtge. (g'teed
by Pere Marquette R.R. Co. of
Michigan and by Bessemer and
Lake Erie R.R. Co. of Penn.),
1933. 4^ p.c 15,000 00 15,269 47 13,500 00
Merchants Realty Corpn., Ltd., 1st
mtge., 1930 to 1949, 6 p.c 150,000 00 150,000 00 150,000 00
Mexican Light and Power Co., Ltd., 1st
mtge., 1933, 5 p.c 47,500 00 23,275 00 23,275 00
St. Lawrence Power Co., Ltd., 1st
mtge., 1935, 6 p.c 43,500 00 45,839 70 43,500 00
$ 390,925 31 $ 369,309 48 $ 364,452 55
$14,488,697 10 $14,016,747 92 $13,896,567 63
198
DEPARTMENT OF INSURANCE
The Manufacturers Life — Continued.
11 GEORGE V, A. 1921
Stocks— No. of
Railways — shares.
Canadian Pacific Railway Co.. 338
Winnipeg Electric Railway Co. 1,500
Chicago, North Shore and
Milwaukee Railroad —
First Participation 1,581
Second Participation 2,760
Common 2,885
Banks —
Dominion Bank 300
Bank of Hamilton 416
Imperial Bank of Canada 400
Molsons Bank 200
Bank of Montreal 114
Bank of Nova Scotia 170
Bank of Toronto 350
Loan and Trust Companies —
Canada Permanent Mtge.
Corpn 2,536
Hamilton Provident and Loan
Society 100
Hamilton Provident and Loan
Society (20% paid ) 27
Huron and Eric Mtge. Corpn. . . 250
Landed Banking and Loan Co.. 3
London and Canadian Loan and
Agency Co., Ltd 220
Ontario Loan and Debenture
Co 12
Toronto Mortgage Co 150
Toronto General Trusts Corpn.. 150
Miscellaneous — ■
Consumers' Gas Co 1 , 554
Schedule D.
Par value.
$ 33,800 00
150,000 00
Book value.
$ 52,052 00
52,500 00
Department's
value.
$ *46,813 00
57,000 00
158, 100 001
276,000 00 (■
288,500 OOJ
80,550 00
f 47, 430 00
•(33.120 00
[ 5,7/0 00
30,000 00
41,600 00
40,000 00
20,000 00
11,400 00
17,000 00
35,000 00
66,473 35
77,242 43
88, 182 75
41,141 50
25,860 90
44,723 04
72,462 75
•.58,800 00
70,720 00
75,200 00
♦.34,600 00
22,344 00
*43,180 00
63,700 00
25,360 00
31,653 96
*41,970 80
10,000 00
12,266 00
♦14,450 00
2,700 00
25,000 00
300 00
648 00
26,099 79
381 75
♦618 30
♦28,687 50
♦423 00
11,000 00
12.129 37
♦12,787 50
600 00
7,500 00
15,000 00
834 24
10,206 43
30, 168 75
♦975 00
♦9,918 75
♦27,300 00
77,700 00
119,658 00
♦105,283 50
$ 1,276,560 00
$ 845,235 01
$ 801,091 35
Schedule E.
Cash in banks —
Canadian Bank of Commerce, London, England
Dominion Bank, Toronto
Home Bank of Canada, Toronto
Home Savings and Wayne County Bank, Detroit, Michigan.
Bank of Montreal, London, England
Bank of Nova Scotia, Kingston, Jamaica
Bank of Nova Scotia, St. John, New Brunswick
The Royal Bank of Canada, Bridgetown, Barbados
The Royal Bank of Canada, Havana, Cuba
The Royal Bank of Canada, New York, N.Y
The Royal Bank of Canada, Port of Spain, Trinidad
The Royal Bank of Canada, San Juan, Porto Rico
The Roval Bank of Canada, Santiago, Dominica
The Royal Bank of Canada, Santo Domingo, Dominica
The Royal Bank of Canada, St. George's, Grenada
The Royal Bank of Canada, St. John's, Antigua
The Royal Bank of Canada, St. John's, Newfoundland
Standard Bank of Canada, Toronto
Bank of Toronto, Toronto
Union Bank of (Canada, Toronto
Union Bank of Canada, Winnipeg
$ 19,951 61
35,324 77
10,057 79
•2,466 88
6,750 97
15,805 95
3,319 25
587 94
18,905 90
23,733 05
7,242 44
7,183 80
1,308 33
1,248 65
571 99
1,515 76
9,648 52
15,885 23
22,484 28
89,659 20
2,292 88
S 295,945 19
♦Including dividend declared but unpaid at December 31, 1920.
LIFE INSURANCE COMPANIES 199
SESSIONAL PAPER No. 8
The Manufacturers Life — Continued.
ASSETS OUT OF CANADA.
Ledger Assets.
Mortgage loans on real estate, first liens $ 26, 644 92
Amount secured by the Company's policies in force, the reserve on each policy being in
excess of all indebtedness; —
Loans to policyholders $ 1,294,577 83
Advances to policyholders under automatic non-forfeiture provisions. . . . 205,636 99
1,500,214 82
Book value of bonds, debentures and debenture stocks owned by the Company {For details
see Schedule H) 1, 614, 621 46
Cash in banks {For details see Schedule J) 116,921 79
All other ledger assets 12, 000 00
Total Ledger Assets out of Canada $ 3, 270,402 99
Deduct excess of total book value of real estate, bonds, debentures and stocks over total
Department's value 105, 778 9 1
Total ledger assets taken at Department's value $3, 164, 624 08
Non-Ledger Assets.
Interest accrued $ 85,382 93
Due from other licensed companies on reinsured contracts for losses or claims paid 316 19
Gross premiums, less reinsured: — First Year. Renewal.
Due and uncollected $ 120,283 77 $ 296,096 46
Deferred 45,773 94 158,764 78
Total $ 166,057 71 $ 454,861 24
Deduct commission and estimated loss in collection 34, 042 66 93, 248 82
Net premiums due and u:,collected, and deferred .$ 132,015 05 $ 361,612 42
493,627 47
Total Non-Ledger Assets out of Canada $ 579,326 59
Total Assets out of Canada. $ 3,743,950 67
LIABILITIES OUT OF CANADA.
Net liability under assurance, annuity, and supplementary contracts in force for payments
not due, dependent on life, disability or any other contingency or on a term certain. . . .$10,269,598 00
Net liability for payments due under contracts; —
Death Matured Annuity Supplementary
Losses. Endowments. Claims. Contracts.
Adjusted but unpaid $ 38, 681 00 $ 608 34 $ 263 92
Unadjusted $160,716 04 . . . . ;
Resisted— in suit 9, 000 00
Resisted — not in suit 8, 640 00
Totals $178,356 04 $ 38,68100 $ 608 34 $ 263 92 217,909 30
Received from policyholders in advance: — Premiums 6, 785 81
Net dividends to policyholders due and unpaid 24, 815 00
Premium reductions on outstanding premiums and annuity consideration 3, 032 23
Government, municipal and other taxes due and accrued 24, 000 00
Salaries, rents and office expenses, due and accrued 4,501 00
Medical examiners' fees due and accrued 5, 444 27
Commissions to agents, due and accrued 647 00
Items awaiting adjustment: — Agency 20, 167 24
Total LiabUltles out of Canada $10,576,899 85
PREMIUM INCOME AND ANNUITY CONSIDERATION OUT OF CANADA.
First Year. Renewal. Single.
Assurance premiums $916,443 97 $2,000,048 80 $ 60,545 60
Less reir.suraiice premiums paid 106,619 82 113,266 84
Total net premiums $809,824 15 $1,886,78196 $ 60,545 60$ 2.757,151 71
Consideration for annuities, single 40 40
Total net premium income and consideration for.annuities out of Canada.. $ 2, 757, 192 11
200
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
The Manufacturers Life — Conlinued.
DISBURSEMENTS IN RESPECT OF ASSURANCE AND ANNUITY CONTRACTS OUT
OF CANADA
In respect of assurance contracts: — Death Matured
Death and endowment claims — Claims. Endowments.
Amount assured $ 492,4.39 63 S 301,812 51
Bonus addition 5,465 96 1,777 36
Total $ 497,905 59 S 303.589 87
Less received for reinsured 33,472 25 10,000 00
Net total $ 464,433 34 $ 293,589 87$ 758,023 21
Net surrender values 185, 197 95
Net dividends —
In cash S 85, 049 45
Applied as single premiums: —
To purchase bonus addition $ 41,285 00
To purchase premium reduction 8, 628 70
■ 49,913 70
Total net dividends 134, 963 15
In respect of annuity contracts: — Cash payments to annuitants 2, 361 56
Total net disbursements in respect of assurance and annuity contracts
out of Canada $ 1, 080, 545 87
EXHIBIT OF POLICIES OUT OF CANADA (Ordinart.)
Classification.
Whoie Life.
Endowment
Assurances.
Term and
Other.
Bonus
Additions.
Totals.
No.
Amount.
No.
Amount.
No.
Amount.
No.
Amount.
At end of 1919
New issued
8,069
2,680
25
7
44
$
15,877,493
6,895.-590
102,950
16,283
88,580
16,017
4,941
67
3
38
$
27,259,791
12,468,059
124,839
4,833
77,760
279
2
S
502,079
27,434
$
305,113
68,474
2,319
24,365
7,623
92
10
151
$
43,944,476
19,459,557
Old revived ...
230, 108
Old increased
" "69
100
83,447
21,216
Transferred to
1,595
251,382
Totals
10,825
22,980,896
21,066
39,935,282
350
613,060
377,501
32,241
63,906,739
Less ceased by: —
Death
81
153,650
199
148
"lig
870
' ' 289
36
327,856
316,979
36,439
238,039
1,912,393
42,944
713,179
70,130
3
4,500
4,786
3,460
283
148
37
177
1,329
490,792
Maturity
320,439
Expiry
5,088
114,827
896,873
64,525
305,963
131,850
37
1
1
48,240
3,000
35,000
89,767
Surrender
57
458
11,884
2,950
367,750
Lapse
2,847,216
Decreased
107,469
Not taken
116
81
405
134
1,019,142
Transferred from . . .
17
26,840
1,760
230, 580
Total ceased
793
1,672,776
1,661
3,657,959
59
117,580
24,840
2,513
5,473,155
At end of 1920
10,032
21,308,120
19,405
36,277.323
291
495,480
352,661
29,728
58,433,584
Reinsured
1,872,232
1,742,847
55,000
4,691
3,674,770
MISCELLANEOUS.
New policies issued and paid for in cash:— Number, 6,751; gross amount, $17,418,764;
reinsured in other licensed companies, $1,790,775.
Claims reinsured: — Death claims, $33,472.25; matured endowments, $10,000.
Total amount in force divided as to dividend plan: — Annual, $1,221,324; quinquennial,
$38,706,551; deferred, $15,605,179; bonus additions, $352,661: non-participating, .^2,547, 869.
Total $ 58, 433, 584
LIFE INSURANCE COMPANIES
201
SESSIONAL PAPER No. 8
The Manufacturers Life — Concluded.
Schedule H. — Out of Canada
Bonds and debentures —
Canal Zone — Par value. Book value. Department's
Marquette and Bessemer Dock and value.
Navigation Co., 1st mtge. (g'teed
by Pere Marquette R.R. Co. of
Michigan and by Bessemer and
Lake Erie R.R. Co. of Penn.),
1933, 4^ D.c ? 15,000 00 S 15,269 47 S 13,500 00
C7<6a— Cuba— Gold Bonds, External 25, 000 00 25, 000 00 24, 750 00
Great Britain and Ireland —
Canada— Stock 49,220 39 48,987 31 37.899 70
British— India Stock (Sterling) 50, 926 52 49, 648 63 34, 120 77
Japan —
Japan— Sterling Bonds 6/0,810 00 531,369 85 507,087 62
Sterling Bonds, 1st Series 87,660 00 84,925 31 81,523 80
Mexico —
Mexico — Interior Redeemable Debt
Bonds (Silver) 25,000 00 5,000 00 5,000 00
Michigan —
Canada— Victory Loan 100,000 00 99,396 17 100,000 00
Brandon 25,000 00 23,357 32 23,500 00
Fort William 25,000 00 22,840 43 23,000 00
Regina 10,000 00 9,285 84 9,300 00
St. Boniface 15,000 00 13,490 95 13,800 00
Salmon Arm 30,000 00 26,045 81 27,700 00
Dist. North Cowichan 35,000 00 30,538 83 29,750 00
Dist. Saanich 50,000 00 45,367 80 46,500 00
R. M. West Kildonan 25,000 00 22,88172 23,750 00
River St. Pierre, S.D 25,000 00 23,39144 24,000 00
St. Gregoire Le Thaumaturge, S.D. . . . 25,000 00 25,000 00 25,750 00
Toronto, R.C. Separate Schools 14,000 00 13,464 30 13,720 00
Newfoundland —
Halifax 31,000 00 31,110 78 26,660 00
Hull 20,000 00 18,744 07 18,800 00
KelowTia 20,000 00 16,989 53 17,400 00
Montreal 30,000 00 29,429 42 26,100 00
New Westminster 11,000 00 11,48166 9,350 00
Ottawa ; 20,000 00 18,595 00 19,000 00
Port Arthur 42,000 00 43,06177 39,160 00
Portage la Prairie 25,000 00 26,844 29 22,000 00
Joliette 8,500 00 8,725 33 8,075 00
Wevburn 20,000 00 20,200 10 17,000 00
R.M.Richmond 77,000 00 60,528 59 59,870 00
Ohio—
Ignited States of America — Fourth
Liberty Loan 37,000 00 35,173 94 35,173 94
Cleveland 65,000 00 65,550 25 65,650 00
Porto Rico —
Porto Rico— Registered Bonds 10,000 00 10, 168 81 10,300 00
Union of South Africa —
British— Con.solidated Stock 58,400 00 53,368 34 .32,704 00
Cape of Good Hope — Consolidated
Stock 50,613 32 49,388 40 36,947 72
$ 1,828,130 23 $ 1,614,621 46 $ 1,508,842 55
Schedule J. — Out of Can.^da
Cash in banks —
Bank of Nova Scotia, Kingston, Jamaica
Canadian Bank of Commerce, London, England
Bank of Montreal, London, England
Home Savings and Wayne County Bank, Detroit, Michigan
Royal Bank of Canada, Bridgetown, Barbados
Royal Bank of Canada, Havana, Cuba
Royal Bank of Canada, New York, N.Y
Royal Bank of Canada, Port of Spain, Trinidad
Royal Bank of Canada, San Juan, Porto Rico
Royal Bank of Canada, Santiago, Dominica
Royal Bank of Canada, Santo Domingo, Dominica
Royal Bank of Canada, St. George's, Grenada
Royal Bank of Canada, St. John's, Antigua
Royal Bank of Canada, St. John's, Newfoundland
.S 15,805 95
19,951 61
6,750 97
2,466 88
587 94
18,905 90
23.733 05
7,242 44
7, 183 80
1,308 33
1,248 65
571 99
1,515 76
9,648 52
$ 116,921 79
202 DEPARTMENT OF INSURANCE
i: GEORGE V, A. 1921
METROPOLITAN LIFE INSURANCE COMPANY.
Statement for the Year ending December 31, 1920.
President, Haley Fiske — Secretary, James S. Roberts — Actuary, James M. Craig — Prin-
cipal office, 1 Madison Ave., New York, N.Y. — Chief agent in Canada, W. L. Scott —
Head office in Canada, 14 Metcalfe St., Ottawa, Ontario — Canadian Director, Hon. Richard
Bedford Bennett.
(Incorporated June ,1866. Commenced business in Canada, November, 1872.)
NO CAPITAL STOCK.
ASSETS IN CANADA
Ledger Assets
Held solely for the Protection of Canadian Policyholders.
Mortgage loans on real estate held by Trustees, first liens $4, 174,500 O'^
Market value of bonds, debentures and debenture stocks owned by the Company (For
details see Schedule C): —
On deposit with the Receiver General, $38,748,953.49; held by trustees, §2,213,400 40,962,353 49
Other Ledger Assets.
Market value of real estate, unencumbered, held by the Company (For details see Schedule A) 218, 132 07
Amount secured by the Company's policies in force, the reserve on each policy being in
excess of all indebtedness: —
Loans to policyholders $ 2,408,976 82
Premium obligations 82,839 65
2,491,816 47
Cash in Royal Bank of Canada, Montreal 1,267,270 19
Total Ledger Assets $49, 114,072 22
Non-Ledger Assets.
Interest, dividends and rents, due and accrued: — Due. Accrued.
Interest on —
Mortgages S 78, 289 58
Bonds and debentures $ 5,450 66 430,769 49
Premium notes, policy loans and liens 39,723 31 56,406 30
Total interest $ 45,173 97 $ 565,465 37
Rents 190 00
Total interest, dividends and rents, due and
accrued $ 45,363 97 $ 565,465 37
-$ 610,829 34
Gross premiums, less reinsured: — First Year. Renewal.
Due and uncollected S 133,078 27 $ 414,608 57
Deferred 276,621 29 784,071 67
Total $ 409,699 56 $ 1,198,680 24
Deduct loading 76,727 52 174,203 00
Net premiums due and uncollected, and deferred $ 332, 972 04 $ 1 , 024, 477 24
1,357,449 28
All other assets: —
Industrial premiums due and unpaid, less loading 136,978 00
Group premiums, due and unpaid, less loading 23, 151 28
Instalments on supplementary contracts paid in advance 429 51
Total Non-Ledger assets $2, 128,837 41
Total Assets In Canada $51,242,909 63
LIFE INSURANCE COMPANIES 203
6FSSIONAL PAPER No. 8
Metropolitan Life — Continued.
LIABILITIES IN CANADA.
Net liability under assurance, annuity, and supplementary contracts in force for payments
not due, dependent on life, disability or any other contingency or on a term certain {See
Statement of Actuarial Liabilities) $44, 713,082 00
Net surrender values claimable under cancelled contracts 76,019 00
Net liability for payments due under contracts: —
Death Matured Disability
Losses. Endowments. Claims.
Unadjusted /Ordinary $ 38,34176 $ 6,41100 $ 11,299 37
\Industrial 6, 388 50 951 24
Resisted, in suit Ordinary 20,460 00
Resisted, not in suit /Ordinary 2,000 00
\Industrial 4,296 50
Totals $ 71,486 76 $ 6,41100 $ 12,250 61
90,148 37
Provision for unreported death losses and disability claims _ .• ■ ■. 87, 90G 00
Amounts left with the Company (arising out of assurance contracts) including interest
accumulations: —
Dividends, $19,074; amounts assured, $27,492.24 46,566 24
Received from policyholders in advance:— Premiums, $186,728.01; interest, $1,450.96 188, 178 97
Net dividends to policyholders due and unpaid 24, 835 22
Estimated amount of dividends to Canadian policyholders payable in the year following
the date of account 370,100 10
Provincial, municipal and other taxes due and accrued 236,000 00
Salaries, rents and office expenses, due and accrued 49,979 16
Medical examiners' fees due and accrued, $32,149.04; legal fees due and accrued, $395 32,544 04
Commissions or other compensation to agents due and accrued 71,432 96
Reserve, special, or surplus funds not included above: — Agents cash deposits and accrued
interest thereon, $6,567.90; estimated liability to receiver and surplus, Pittsburgh Life
& Trust Company business, $4,500 11,067 90
AUJother liabilities due and accrued: —
'Suspense, unclaimed checks, etc., $6,900; reserve to cover other possible items, $6,500. . 13,400 00
Total LiabUities in Canada $46,011, 259 96
INCOME IN CANADA
First Year. Renewal. Single
Assurance premiums _ $1,753,0.37 23 $4,898,383 75 $ *20,547 75
Less reinsurance premiums paid 6, 624 20
Total net premiums $1,753,037 23 $4,891,759 55 $ 20,547 75
$ 6,665,344 53
Consideration for annuities, single 2,000 00
Total group premiums 150, 312 27
Total industrial premiums t7, 077 , 301 66
Total net premium income and consideration for annuities $13,894,958 46
Consideration for supplementary contracts:- —
Involving life contingencies, $3,749.96; not involving life contingencies, $49,271.01 53,020 97
Amounts left with the Company (arising out of assurance contracts): —
Dividends, $1,049; amounts assured, $13,768.05 14,817 05
Interest, dividends and rents: —
Gross interest or dividends on —
Mortgages $ 259,206 04
Bonds and debentures (less $99,741.13 accrued interest on bonds
deposited during year) 1 , 864, 651 00
Premium notes, policy loans and liens 104, 636 40
Bank balances 30, 765 75
Total $2,259,259 19
Gross rents for Company's property (including $6,900 for Company's
occupancy of its own buildings) less $12,827.49 for taxes, expenses and
repairs in connection with such properties 4, 585 93
Total interest, dividends and rents 2,263,845 12
Advances made to agents in previous years and recovered during the year (estimated) .... 100 00
Increase in book value of bonds (net) 44, 866 14
Gross profit on sale or maturity of ledger assets: —
Real estate, $430; bonds, $7,513.94 7,943 94
Total Income in Canada $16,279,551 68
*Including $6,872.92 single premiums paid by application of assurance dividends,
tincluding $462.87 single premiums paid by application of assurance dividends.
204
DEPARTMENT OF INSURANCE
Metropolitan Life — Continued.
DISBURSEMENTS IN CANADA.
In respect of assurance contracts: — Death
Death, endowment and disability Claims,
claims —
Amount assured [Ordinary $ 1 , 052, 966 00
] Industrial 1,228,227 62
(Group 64,200 00
Dividend additions /Ordinary 7, 249 23
[Industrial 25,751 52
Matured
Endowments.
$ 339,001 00
508, 177 81
11^425 24
40,512 50
11 GEORGE V, A. 1921
Disability
Claims.
22 60
4,645 61
51 02
Total $2,378,394 37 $ 899,176 55
4,719 23
Net surrender values:— Ordinary, S555,886; industrial, $281,579.80
Net dividends —
In cash and applied on premiums: — Ordinary, $49,581.40; industrial,
$95,802.80 S
Left with the company at interest, ordinary
Applied as single premiums: —
To purchase additions:— Ordinary, §6,872.92; industrial, $462.87..
145,384 20
1,049 00
7,335 79
Total net dividends
Amount returned to Industrial policyholders in consideration of direct payment of
weekly premiums at Home Office or District Office
In respect of life annuity contracts: — Cash payments to annuitants
Total net disbursements in respect of assurance and annuity contracts. .$
Net payments on supplementary contracts: — Not involving life contingencies
Health and welfare work
Amounts left with the company and interest accumulations withdrawn: —
Dividends, S647.67; amounts assured, $5,827.68
*Taxes, licenses and fees, (including taxes on investments but excluding taxes on real estate).
*Head office expenses (Company's supply house, Toronto): — Salaries, $5,317.50; rents, $1,900;
miscellaneous, $2,966.49
*Branch office and agency expenses: — Assurance commissions — first year, $545,037.95; renewal,
$394,589.48; Annuity commissions— first year, 840; salaries, §135,941.54; travelling
and removal expenses, §50,281.34; rents, light, fuel and janitors, §73,882.26; district
meetings and conventions, §31,844; agency supervision, §15,333.16; compensation in
Industrial Department to superintendents, deputies and agents, §1,993,1-57.82
*A11 other expenses: — Advertising, §1,755.88; express, telegrams and telephones, §11,086.84;
legal fees, §2,408.60; medical and inspection fees, §173,634.20; office furniture, $1,503.42;
postage, §15,948.69; printing and stationery, §63,721.32; investment expenses not included
in foregoing items, -§3, 204.84; sundry expenses, $12,276.62
Gross loss on sale or maturity of ledger assets: — Real estate
3,282,290 15
8.37,465 80
153,768 99
35,280 66
842 52
4,309,648 12
15,642 01
136,104 15
6,475 35
207,722 94
10,183 99
3,2^0,107 55
285,540 41
686 10
Total Disbursements in Canada §8, 212, 110 62
EXHIBIT OF ANNUITIES.
Life Annuities
Proper.
Arising out of Life Assurance
Contracts.
Totals.
Classification.
Not involving
Life
Contingencies.
Disability
Annuities.
No.
Annual
Payment.
No.
Annual
Payment .
No.
Annual
Payment .
No.
Annual
Payment.
At end of 1919
7
1
$ cts.
842 52
318 32
15
14
$ cts.
7,380 00
10,867 93
$ cts.
22
18
$ cts.
8,222 52
New issued
3
691 20
11,877 45
Totals
8
1,160 84
29
18,247 93
3
691 20
40
20,099 97
Less ceased by: —
Death
1
271 20
1
271 20
At end of 1920
8
1,160 84
29
18,247 93
2
420 00
39
19,828 77
•Investment expenses included in these items: — Taxes on investments, $1,530.30; trustees'
fees, $3,000; legal fees, §136.65; postage and insurance, $200.84; miscellaneous, $4.
Total investment expenses $ 4,871 79
LIFE INSURANCE COMPANIES
205
SESSIONAL PAPER No. 8
Metropolitan Life — Continued.
EXHIBIT OF POLICIES (Ordinary.)
(For policies herein included involving disability benefits see Abstract.)
Classification.
Whole Life.
Endowment
Assurances
Term and
Other.
Bonus
Addi-
tions.
Totals.
No. Amount.
No.
Amount.
No.
Amount.
No.
Amount.
At end of 1919
New issued
Old revived
Old changed and
increased
96,591
41,789
2,859
2,688
$
111,391,048
42,457,233
2,920,508
'2,267,731
65,441
15.949
1,470
1,800
$
64,405,041
19,261,937
1,750,265
1,096,110
4,157
1,2.30
124
444
$
6,517,806
3,753,249
155,116
1,341,937
" $
90,014
12,163
451
671
34
166,189
58,968
4,453
4,932
$
182,403,909
65,484,582
4,826,340
4,706,449
34
Totals
143,927
159,036,520
84,660
86:513,353
5,955
11,768,108
103,333
234,542
257,421,314
Less ceased by: —
Death
582
616,875
369
540
342, 196
343,066
19
37,010
2,779
4,029
"'2,547
4,378
970
540
203
7,095
15,822
4,932
7,619
324
998,860
347,095
203
91
403
262
102
11
195,082
73,925
814,325
1,222,546
401,000
8,419
195,082
Surrender
849
10, 809
2,824
5,576
265
755,287
9,218,048
3,244,337
5,323,859
220,978
6,155
4,610
1,846
1,941
48
5,948,600
4,849,026
1,889,026
2,326,982
99,426
6,780,359
14,881,399
Changed and de-
6,360,287
Not taken
Net transferred
from
8,051,841
328,823
Total ceased
20,905
19,379,384
15,509
15,798,322
1,091
2,752,307
13,733
37, 505
37,943,746
At end of 1920
123,022
139,657,136
69,151
70,715,031
4,864
9,015,801
89,600
197,037
219,477,568
94,384
60, 000
154,384
MISCELLANEOUS.
New policies issued and paid for in cash:— Number, 50,899; gross amount, $57,124,314; reinsured in other
licensed companies, $154,384.
All of the life business of the Company in Canada, Ordinary and Industrial, is participating, with
dividends payable annually, except annuities, reinsurance, and certain policies of paid-up and extended
insurance arising under non-forfeiture provisions.
EXHIBIT OF POLICIES (Industrial.
)
Classification.
Whole Life.
Endowment
Assurances.
Term and
Other.
Bonus
Addi-
tions.
Totals.
No.
Amount.
No.
Amount.
No.
Amount.
No.
Amount.
At end of 1919
651,994
102,152
24,050
$
86,751,227
16,492,008
3,609,005
575,824
124,580
20,892
$
57,136,110
18,719,418
2,491,499
37,781
$
5,292,568
$
626
1,265,599
226,732
45,633
843
$
149,180,531
35,211,426
Old revived
Old changed and
691
125,311
6,225,815
2,186,858
Totals
1,538,807
192,804,630
Less ceased by: —
Death
11,770
8,811
1,178
1,253,979
548,690
178,177
4,697
13,125
106,507
843
6,244
1,840,914
15,964,944
Changed and de-
1,928,423
Net transferred
542,715
148,478
22,262,539
At end of 1920
706,518
96,486,116
647,619
69,017,733
36,192
5,036,316
1,926
1,390,329
170,542,091
206
DEPARTMENT OF INSURANCE
',^ GEORGE V, A. 1921
Metropolitan Life — Continued.
EXHIBIT OF POLICIES (Group.)
Term.
No. of
Policies.
No. of
Employees.
Amount
Assured.
At end of 1919
39
81
6,260
13,011
$
4,609,550
13,012,700
New employees insured during 1920 under policies after date of original
issue and increase in insurance on individual lives
4,643,408
Total
120
22,265,658
Less ceased: —
Policies —
By expiry
6
1
1,475
72
1,092,800
By not taken
91,500
Employees —
By termination of employment —
With conversion
53,950
3,223,250
Bv death . .
65
2
64,200
By disability
2,400
7
4,528,100
At end of 1920
113
16,401
17,737.558
New policies issued and paid for in cash: — Number, 80; amount, $12,921,200.
STATEMENT OF ACTUARIAL LIABILITIES.
Assurance Section.
Class of Contract.
Gross in Force.
Reinsured in
Companies licensed
in Canada.
Number.
Amount.
Reserve.
Amount.
Reserve.
*Ordinary with Profits: —
Life .
123,408
69,206
5,070
$
139,932,958
70,534,701
9,707,298
85,746
$
11,835,051
10,103,613
200,929
56,671
772-
159,369
177,850
$
94,. 384
60,000
%
1,236
5,350
Term ,etc
Extra reserve, Pittsburgh Life & Trust
Additional reserve required by Section
103 C3) Ins Act 1917
(13,721,282)
Totals
197,684
220,260,703
22,534,255
154,384
6,586
Industrial: —
Life
712,699
652,764
36,482
97.3.54,312
69,631,875
5,085,528
9,101,427
12,745,480
208,974
1,412
Totals
1,401,945
172,071,715
22,057,293
Group tvith Profits: —
113
17,737,558
40,873
Grand Totals
1,599,742
410,069,976
44,632,421
154,384
6,586
*XoTE. — As participation was extended to existing as well as new policies when the Company wa»
mutualized in 1915, all business is entered under the heading "With Profits". Certain policies of paid-up
or extended insurance, however, arising under the Company's non-forfeiture concessions, also policies
of reinsurance, are non-participating, although included in the schedule of business "With Profits". Life
annuities are non-participating.
LIFE INSURANCE COMPANIES
207
SESSIONAL PAPER No. 8
Metropolitan Life — Continued.
STATEMENT OF ACTUARIAL LIABILITIES— ConcZt^cd.
Annuity Skction.
Class of Annuity.
Gross in Force.
Number.
Annual
Payment.
Reserve.
With Profits.—
Supplementary contracts:—
29
$ cts.
18,247 93
77,565
Withoitt Profits:—
8
2
1,160 84
420 00
6,185
3,497
Totals
10
1,580 84
9,682
Grand Totals
39
19,828 77
87,247
SUMMARY OF RESERVE.
With
Profits.
Total reserve, policy and annuity contracts $ 44, 709, 986
Total reserve on reinsured contracts * 6, 586
Total net reserve on the Company's basis of valuation (carried
in the liabilities) $ 44,703,400
Without Total.
Profits.
9.682 $44,719,668
6,586
9,682 $ 44,713,082
Reserve maintained by the Company in excess of the statutory reserve estimated to be
considerably over $ 1 . 000, 000
MISCELLANEOUS STATEMENT.
I. The Calculation of the "Reserve" in the "Statement of Actuarial Liabilities".
(1) Policies were valued in groups, except certain policies assumed from other companies and special
contracts, which were valued seriatim. Premium-paying policies issued in the same year on the same
plan of insurance were grouped as to age at issue. Paid-up policies and extended insurance of the same
plan and year of expiration or maturity were grouped according to attained age (except as stated below)
and valued by applying the proper net single premium for each age. Annuities were valued seriatim
by applying the net present value for the attained age. The reserve on group insurance on the one year
term plan was taken as one-half of the premium payable (annually, monthly, etc.), hence no age classifica-
tion was necessary.
Ordinary policies were valued according to "age nearest birthday" at entry, and Industrial policies
according to "Age next birthday" at entry. The duration for premium-paying policies was based on
calendar years, mean reserves being generally used, so that a policy issued in 1914 was given the seventh
year's mean reserve at the end of 1920; but Industrial Whole Life policies issued prior to 1907 and certain
Industrial term policies assumed from other companies were given terminal reserves, with duration
one-half year less than if mean reserves had been used.
Industrial Infantile Whole Life policies issued prior to 1907 were valued as One Year Renewable Term
policies during the infantile period, subsequent issues being valued as level premium policies from the
date of issue. The larger portion of the reserve on Industrial paid-up policies and extended insurance
in force in Canada at the end of 1920 was approximated by grouping such policies by year of maturity
or expiry and applying average valuation factors derived from the valuation of the Company's entire
business of like character.
The tables of mortality and rates of interest used for valuing the various classes of policies were:
Policies issued prior to 1901^ — Combined Experience 4%lexcept as follows:
Policies issued after Dec. 31, 1900 — American Experience 3^%/
Special class policies issued prior to Jan. 1, 1901, Combined Experience doubled 4 %
Special class policies issued Jan. 1, 1901-Dec. 31, 1906, American Exp. doubled. 3j%
Special class policies issued after Dec. 31, 1906, Special Class Tables 3^%
Intermediate policies issued after Dec. 31, 1906, Intermediate Tables 3^%
Certain Assumed Ordinary pols. issued 1896-1900 inc., American Experience Table... 3|%
Certain Ordinary policies assumed or accepted for reinsurance, issued 1895-1920, inc.,
American Experience Table 3 %
Standard Industrial pols. issued after Dec. 31, 1903, Standard Industrial Table. - . . ■ -35%
Sub-Standard Industrial pols. issued after Dec. 31, 1906, Sub-Standard Industrial
Table 3\%
Annuities issued after Dec. 31, 1906, McClintock's Table 3^% & 4%
Group Insurance valued by applying one-half of gross premiums payable.
208 DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
Special Classes-
Metkopolitan Life — Continued.
MISCELLANEOUS STATEMENT-Coniinr/e(/.
(h) There were no policies issued at premiums corresponding to ages higher than the true ages, with
the possible exception of a few scattering Industrial contracts issued in the earlier years of the
Company, or assumed from other companies. It has been the Company's custom to value such
policies at the higher age.
(c) Policies issued subject to liens (i.e. "Special Class" policies, on sub-standard lives, issued prior
to 1907) were valued for the net amount of insurance, an additional reserve being calculated equal
to the single premium for the reductions in liens on account of dividends. Policies a-ssumed
froni the Pittsburgh Life and Trust Company subject to assumption liens were valued on the
basis of the full face of the policy, and an extra reserve was calculated to cover payment in full
of death claims to May 7, 1922.
(d) There were no policies in Canada subject to a fixed extra premium except under group insurance
contracts.
(e) For policies issued on sub-standard lives prior to 1907, see (c), above. On those issued subsequent
to Jan. 1, 1907, the method of valuation is similar to that used for standard lives, but on tables
of mortality based upon sub-standard experience.
(/) Contingent waiver of premium benefits were valued, before occurrence of disability, at the rate
of 25 cents per $1,000 insurance, which method has been approved by the New York Insurance
Department as giving results approximating the value according to Hunter's Disability Table
with 3 per cent interest. After occurrence of disability, an actual valuation is made according
to Hunter's Table with 3 per cent interest.
Disability benefits consisting of waiver of premium and a disability annuity without reduction of the
sum insured, if insured be disabled before age 60, or charge of premiums against policy as a non-interest-
bearing lien, if disability occur after 60, were valued according to Hunter's Disability'Table with 3| per
cent, interest. Disability benefits under reinsurances accepted w^ere valued by Hunter's Table with
3 per cent interest.
Group policies on the one-year term plan contain a disability benefit consisting of waiver of premiums
and payment of the sum insured by instalments for a term certain. Valuation of group insurance by
applying one-half of the gross premiums covers the disability as well as the death benefit. After disa-
bility, remaining instalments are valued at 3| per cent.
Industrial policies provide, in event of loss of both hands, both feet, one hand and one foot, or blind-
ness, for payment of one-half of the amount of the policy in cash and issuance of paid-up insurance for the
balance. For this liability the Company set up a reserve to cover one-half the estimated cost for 1921,
based on the experience of 1920.
(g) No annuities were issued to lives classed as under average.
(2) Items of Special Reserve —
(a) No special reserve is maintained under limited payment and single premium policies on account
of prepaid or limited loadings, nor under immediate annuities to cover future expenses.
(6) There are no guaranteed benefits under the Company's contracts which exceed in value the net
premium reserve.
(c) No special reserve is held to cover the option of reinstatement under lapsed policies not continued
in force under automatic non-forfeiture provisions, but being subject to reinstatement.
(d) No reserve is maintained to cover the option of renewal under term policies.
(e) No additional reserve is maintained to cover the option of conversion into higher premium policies.
(/) There are no other items of special reserve, other than those above specified, except the additional
reserve required under Sec. 103 (3) of the Canadian Insurance Act, 1917, on the Company's
Ordinary Whole Life policies.
II. Guaranteed Values under Special Classes of policies described in I (1).
(h) The guaranteed values under policies formerly issued at premiums corresponding to ages higher
than the true ages are the same as in policies regularly issued at the higher age.
(c) In "Special Class" policies on sub-standard lives issued prior to 1907, subject to liens, the values
are calculated upon the net amount of insurance, i.e., face of policy less amount of lien outstanding.
In policies assumed from the Pittsburgh Life and Trust Company subject to assumption liens,
the lien is deducted from the cash surrender value when cash values, paid-up insurance and
extended insurance are granted.
(e) For policies issued on sub-standard lives prior to 1907, see (c), above. For those issued subsequent
to January 1, 1907, the method of calculating the guaranteed values is similar to that used for
standard lives, but tables of mortality based upon sub-standard experience are used.
(/) Where total and permanent disability occurs under policies with contingent waiver of premium
benefits, or waiver of premiums and a disability annuity without reduction of the sum insured,
the guaranteed values apply exactly as if disability had not occurred. Under certain reinsurance
accepted, where disability instalments are deducted from the sum insured, the guaranteed values
are reduced proportionately.
Paid-up insurances issued under the total and permanent disability concession in Industrial policies
are allowed the same values as similar paid-up policies granted under non-forfeiture provisions.
III. The average rate of interest earned during the year on the mean net ledger assets of the company
as a whole was 5 05 per cent.
IV. The Distribution of Surplus —
(a) The (company is purely mutual and there are therefore no dividends to shareholders.
(6) Dividends for 1920 were calculated as follows:
LIFE INSURANCE COMPANIES 209
SESSIONAL PAPER No. 8
Metropolitan Life — Continued.
MISCELLANEOUS STATEMENT— ConcZMrferf.
Ordinary Policies —
Annual dividend of 1920, on premium-paying Whole Life policies issued from May 1, 1909, to December
31. 1915, inclusive, consisted of the following two parts:
(1) A refund to the insured of part of the premium paid in the preceding year from the savings which
the Company had made during the policy year and (2) excess of interest on the reserve.
The refund of premium was the difference, adjusted to provide for the contingency reserve, between
the stipulated annual premium and the annual premium required according to the Company's
own mortality experience.
The rate of interest used was 4-25 per cent so the excess was 0-75 per cent.
On Whole Life policies issued from July 1, 1916, to December 31, 1918 inclusive, dividends were paid to
equalize the premiums on corresponding policies issued prior to July 1, 1916.
Intermediate Policies (issued in units of $600) —
The annual dividend of 1920, paid on premium-paying policies issued from 1896 to 1906 inclusive,
was calculated by a method similar to that used for Ordinary Whole Life policies issued from
May 1, 1909 to December 31, 1915, above described. The excess interest was 0-25 per cent, for
4 per cent reserve policies and 0-75 per cent for 3 J per cent reserve policies. On paid-up policies
the annual dividends consisted solely of the excess interest on the reserve.
"Special Class" policies (issued on Sub-Standard risks) —
Annual dividends of 1920 on Special Class Intermediate policies issued from June 1, 1899 to December
31, 1905, were the same as on regular Intermediate policies of the same class and duration.
A special dividend was paid in 1920 on Special Class Intermediate policies issued from 1899 to 1905
equal to the difference between the dividends paid in 1919 and the dividends that would have
been paid had the 1920 scale been in effect.
Annual dividends on Special Class Ordinary policies issued from June 1, 1899, to December 31, 1906,
were principally on the basis of cancelling the lien within twenty years.
No dividends were paid in 1919 on Special Class Ordinary policies issued from June 1, 1899 to December
31, 1906 (except on a few Optional Life or Endowment policies issued in 1899, and calling for a
settlement during the year 1919) and a special dividend was paid in 1920 equal to the dividends
that would have been paid in 1919 had the 1920 scale been in effect.
Covenant Mutual and Vermont Life Policies —
These are assumed policies, and special methods were adopted in the calculation of dividends. There
are very few of these policies in Canada.
Mortuary and Maturity Dividends —
On Ordinary and "Special Class" policies on which not less than six years' premiums had been paid,
maturing in 1920 as death claims or endowments, an additional dividend was paid, based on the
contingency reserve. A similar dividend was paid on Intermediate policies maturing as death
claims or endowments, on which not less than nine years' premiums had been paid.
Application of Dividends to Paid-up Insurance, etc. —
When paid-up insurance was allowed, the amount was such as the cash dividend would purchase,
based on the standards adopted by the Company for use in the particular branch. The dividends
were not applied toward the reduction of the premium-paying term or toward the shortening of
the endowment period.
(c) Annuities —
Annuities are non-participating.
Schedule A.
Actual Cost.
Real estate — Book and
A Iberta— M arket Value .
Calgary, dwelling and office bldg., 120 7th Ave $ 50, 700 75
Calgary, store, N. side East 9th Ave 48, 557 32
Edmonton, stores, dwellings and shed, cor. Jasper Ave. and 108th St 36, 799 10
Ontario —
Ottawa, office bldg., cor. Metcalfe and Queen Sts 22, 611 62
Toronto, Company's supply house, 130 Fermanagh Ave 14, 950 94
Quebec— Quebec, office bldg., 39 St. John Street 37, 907 60
British Columbia — Vancouver, five parcels improved property 6, 604 74
$ 218,132 07
8—14*
210 DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
Metropolitan Life — Continued.
Schedule C.
Bonds and debentures —
On deposit with Receiver General.
Par value. Market value.
Governments —
Canada— Inscribed Stock $ 97,333 33 S 54,506 66
Victory Loan 27,633,600 00 27,633,600 00
Provinces of Canada — •
Alberta— Debentures 200,000 00 190,000 00
Manitoba— Debentures 600, 000 00 501 , 000 00
New Brunswick— Debentures 597,333 33 578, 133 33
Ontario— Debentures 250, 000 00 242, 500 00
Quebec— Inscribed Stock 146,000 00 100,740 00
Saskatchewan— Bonds 1, 050, 000 00 942, 500 00
Cities —
Alberta —
Calgary 1,000,000 00 800,000 00
Edmonton 194, 666 67 134, 320 00
Strathcona 235,000 00 173,920 00
British Columbia— Yicioria, 1 , 000, 000 00 951 , 850 00
Manitoba —
Portage la Prairie 110, 000 00 89, 100 00
St. Boniface 83,000 00 67,230 00
Winnipeg 110, 000 00 89, 100 00
Ontario —
Ottawa 541,000 00 463,400 00
Port Arthur 6,000 00 6,000 00
Sault Ste. Marie 20, 000 00 17, 700 00
Toronto 3,142,751 99 2,215,642 31
Quebec —
Montreal 1,337,000 00 973,5.30 00
Three Rivers 50,000 00 30,000 00
Saskatchcimn —
Moose Jaw 120,693 33 98,968 53
Regina 294,433 34 223,818 00
Towns —
On^on'o- Owen Sound 10, 000 00 9, 000 00
Quebec —
Maisonneuve 50, 000 00 41 , 000 00
Salaberry of Valleyfield 50,000 00 44,500 00
District —
British Columbia— North Vancouver 26, 000 00 19, 240 00
Schools —
Manitoba- Winnipeg 136, 000 00 100, 640 00 '
Quebec- Maisonneuve 405, 000 00 315, 900 00
Railways —
Canadian Northern Ry. (g'teed by Manitoba), 1929,
4p.c 99,766 67 79,813 33
Canadian Northern Ry. , 1st mtge. (g'teed by Manitoba) ,
19.30, 4p.c 272,533 33 215,301 33
Canadian Northern Ry. (g'teed by Manitoba), 1939,
4p.c 1,200,000 00 876,000 00
Miscellaneous — Governors of the University of Alberta,
1st mtge. (g'teed by Alberta), 1924, 4 p.c 500,000 00 470,000 00
$41,568,111 99 §38,748,953 49
Held by Trustees.
Railwai/ —
Canadian Northern Rv., 1921-1923, 4§ p.c S 275,000 00 $ 268,400 00
Canadian Northern Ry., 1921, 4^ p.c 330,000 00 330,000 00
Miscellaneous — Globe Realty Corpn., Ltd., 1st mtge., 1938,
4|p.c 1,615,000 00 1,615,000 00
$2,220,000 00 $2,213,400 00
$43,788,111 99 $40,962,353 49
LIFE INSURANCE COMPANIES 211
SESSIONAL PAPER No. 8
Metropolitan Life — Continued.
General Business Statement for the year ending December 31, 1920.
INCOME.
Total premium income S217,765,323 39
Consideration for supplementary contracts involving life contingencies 55, 660 89
Consideration for supplementary contracts not involving life contingencies 606, 180 36
Dividends left with company to accumulate at interest 21,969 88
Interest and rents 43, 363, 644 05
Gross profit on sale or maturity of ledger assets 280, 242 84
Gross increase, by adjustment in book value of ledger assets 634, 568 90
Group Health Division 563, 634 07
Agents' balances previously charged off 1 , 513 85
All other income ' 227,041 75
Total income $263,519,779 98
DISBURSEMENTS.
Total net amount paid for losses and matured endowments $65, 482, 045 72
For annuities involving life contingencies 472,700 64
Premium notes and liens voided by lapse, less restorations 59, 119 94
Surrender values paid in cash or applied in liquidation of loans or notes 8, 634, 186 52
Surrender values applied to pay new, and renewal premiums 110, 798 26
Dividends paid policyholders in cash or applied in liquidation of loans or notes 373,418 98
Dividends applied to pay renewal premiums 5,252,206 95
Dividends applied to purchase paid-up additions and annuities 143 , 038 28
Dividends left with company to accumulate at interest 21,969 88
Sick benefits on assumed policies 1 , 368 16
Amount returned to policyholders in consideration of direct payment of weekly premiums
at Home Office or District Offices 706, 540 37
Expenses of investigation and settlement of policy claims 42, 370 52
Paid for claims on supplementary contracts not involving life contingencies 448,919 01
Dividends and interest thereon held on deposit surrendered during the year 22, 912 21
Commissions to agents 14, 506, 515 26
Compensation of managers and agents not paid by commission for servicesin obtaining new
insurance 2, 114 00
Compensation in Industrial Department to superintendents, deputies and agents 26,299,009 93
Agency supervision and travelling expenses of supervisors 380, 563 61
Branch office expenses 3,799,415 69
Medical examiners' fees and inspection of risks 2,530,389 31
Salaries, and all other compensation of officers, directors, trustees and Home Office
employees 8,222,082 69
Rents 2, 122, 050 64
Taxes on real estate 585, 698 39
State taxes on premiums. Insurance Department licenses and fees 2, 738, 255 57
All other licenses, fees and taxes 1,138,920 41
Agents' balances charged of? 8 , 4 26 66
Agents' deposits returned and deposit account, interest and rents 152,484 67
Gross loss on sale or maturity of ledger assets 92, 719 30
Gross decrease, by adjustment in book value of ledger assets 144, 755 53
Group Health Division 491,065 22
Health and Welfare work 3,212,667 90
All other disbursements 5, 470, 393 38
Total disbursements $153,669,123 60
LEDGER ASSETS.
Book value of real estate $28, 560, 589 85
Mortgage loans on real estate, first liens 357,703,045 93
Loans to policyholders on the company's policies assigned as collateral 55,717,784 97
Premium notes on policies in force 6,302,506 89
Book value of stocks and bonds 486,340,847 40
Cash on hand, in trust companies and in banks 9,914,857 62
Premiums reported to War Risk Insurance Bureau 80 63
Other ledger assets 996,415 26
Total net ledger assets $945,536,128 55
212 DEPARTMENT OF INSURANCE
",1 GEORGE V, A. 1921
Metropolitan Life — Concluded.
NON-LEDGER ASSETS.
Interest and rents due and accrued 114,874,737 45
Net amount of uncollected and deferred premiums 21,246,071 21
Industrial premiums due and unpaid (less loading) 2, 170,659 94
Checks for annuities issued in advance 17, 807 69
Gross assets S983,845,404 84
Deduct assets not admitted 2,932,317 67
Total admitted assets S980,913,087 17
LIABILITIES.
*Net reser^-e -■ $916,378,157 92
Extra resers'e for total and permanent disability benefits and for additional accidental
death benefits 1,337,611 89
Extra reserve to pay in full death claims to May 7, 1922, on Pittsburgh Life and Trust Co.'s
policies 200,000 00
Present value of amounts incurred, but not yet due for total and permanent disability
benefits 316, 362 65
Present value of amounts not yet due on supplementary contracts not involving life
contingencies 1,424,056 33
Liability upon policies cancelled upon which a surrender value may be demanded 1,213,059 01
Total unsettled policy claims 3,441,521 49
Dividends left with company to accumulate at interest and accrued interest thereon 438,269 51
Premiums paid in advance, including surrender values so applied 2, 633, 133 37
Unearned interest and rents paid in advance 49, 555 32
Commissions to agents due or accrued 170, 150 74
Compensation accrued in Industrial Department to superintendents and deputies 908, 754 82
Salaries, rents, office expenses, bills and accounts due or accrued 365,936 15
Medical examiner's and legal fees, due or accrued 440, 520 93
Federal, state and other taxes due or accrued (estimated) 3,575,000 00
Dividends or other profits due policyholders 749, 234 17
Amount set apart for dividends awaiting apportionment on deferred dividend policies 29, 262 96
Dividends declared on or apportioned to deferred dividend policies payable to policyholders
during 1921 4, 328 14
Dividends declared on or apportioned to annual dividend policies payable to policyholders
during 1921 3, 104, 703 41
Present value of Annual Bonuses to be applied to certain assumed policies ^ 2, 028 27
Resers'e for dividends payable in 1921 7, 710, 338 36
Surplus on Pittsburgh Life and Trust Co. business 1,537,804 94
Due Insurance Commissioner of Pennsylvania as Receiver of Pittsburgh Life and Trust Co.
in settlement of the reinsurance agreement 117, 524 76
Reserv^e to cover all other possible items 100,000 00
Group Health Division 300,618 66
All other liabilities 917, 300 44
Unassigned funds (surplus) 33,447,852 93
Total liabilities §980,913,087 17
EXHIBIT OF POLICIES.
Ordinary. Industrial. __ Group.
No. Amount. No. Amount. No. Amount.
Issued during the
year 702,464 $ 790,957,705 2,612,020 S 453,390,980 628 $ 125,450,505
Terminated 2.30,803 257,833,579 1,739,177 288,189,800 38 69,566,692
In force at end of the
year 3,017,410 3,220,333,783 20,881,408 2,879,664,118 1,179 280,014,613
*For bases of valuation see Miscellaneous Statement, Canadian business.
LIFE INSURANCE COMPANIES 213
SESSIONAL PAPER No. 8
THE MONARCH LIFE ASSURANCE COMPANY.
Statement for the Year ending December 31, 1920.
President, W. A. Matheson — Vice-President, F. W. Adams — Secretary and Actuary, J. A.
Macfarlane, A.l.A. — Managing Director, J. W. W. Stewart — Head office, Winnipeg,
Manitoba.
{For List of Directors, see Appendix.)
(Incorporated by an Act of the Parliament of Canada, July 18, 1904, 4 Edw. VII, cap 96. Commenced
business July 4, 1906. Dominion license issued July 4, 1906.)
CAPITAL STOCK.
Authorized $ 2,000,000 00
Subscribed 998,600 00
Paid in cash 100, 743 38
Premium on capital stock paid by shareholders 248,780 82
(For List of Shareholders , see Appendix.)
SUMMARY BALANCE SHEET.
Total ledger assets ^ . . ." $ 1,553,653 01 Total liabilities .•••.••.•■ $ 1,729,057 59
Deduct excess of total book value of Excess of Assets over Liabilities: —
ledger assets over total Depart- Capital stock paid in
ment's value 2,134 32 cash $ 100,743 38
*Deficit 15,643 42
Total ledger assets taken at Depart- 85,099 96
ment's value $ 1,551,518 69
Non-ledger assets 262, 638 86
Total assets S 1,814,157 55 Total $ 1,814,157 55
SYNOPSIS OF LEDGER ACCOUNTS.
As at December 31, 1919: — Decrease in Ledger Assets in 1920: —
Net and total ledger assets $ 1,154,297 25 Disbursements $ 417,096 55
Increase in ledger assets in 1920: — As at December 31, 1920: —
Income 816,452 31 Net and total ledger assets 1,553,653 01
Total S 1,970,749 56 Total $ 1,970,749 56
ASSETS.
Ledger Assets.
Book value of real estate, unencumbered, held by the company {For details see Schedule A) .$ 28,048 25
Mortgage loans on real estate, first liens 436, 509 69
Loans secured by bonds, stocks or other marketable collaterals {For details see Schedule B) 3, 525 24
Amount of loans as above on which interest has been overdue for one year or
more previous to statement $ 55, 543 41
Amount secured by the company's policies in force, the reserve on each policy being in excess
of all indebtedness: —
Loans to policyholders *. $ 128, 973 33
Advances to policyholders under automatic non-forfeiture provisions 70, 614 27
199,587 60
Book value of bonds, debentures and debenture stocks owned by the company {For details
see Schedule C) 847,728 72
Cash: At head Office, $4,785.38; In banks, $33,468.13; {For details see Schedule E) 38,253 51
Total Ledger Assets $ 1.553,653 01
Deduct excess of total book value of bonds and debentures over total department's value . . 5,296 42
Add portion of excess of total Department's value of real estate over total book value 3, 162 10
Total ledger assets taken at Department's value $ 1 . 551 , 518 69
♦There is no contingent apportionment to deferred dividend policies issued prior to January 1, 1911.
214 DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
Tub Monarch Life — Continued.
ASSETS-Concluded.
NonrLedger Assets.
Interest or dividends on —
Due. Accrued.
Mortgages $ 16,655 98 $ 9,055 45
Collateral loans 76 90
Bonds and debentures 1 , 258 93 26, 942 79
Premium notes, policy loans and liens 1,857 02 4,986 36
Total interest $ 19,77193 S 41,06150
S 60,833 43
Gross premiums, less reinsured: — First Year. Renewal.
Due and uncollected $ 63,707 92 % 140,907 17
Deferred 1,221 80 8,434 51
Total $ 64,929 72 $ 149,341 68
Deduct commissions and estimated loss in collection 16, 232 43 3, 733 54
Net premiums due and uncollected, and deferred $ 48, 697 29 % 145, 608 14
■ ■ 194,305 43
Office furniture and equipment (ledger value, $14,539.69) 7,500 00
Total Non-Ledger Assets $ 262, 638 86
Total Assets $ 1,814,157 55
LIABILITIES.
Net liability under assurance, annuity and sup plementary contracts in force for payments
not due, dependent on life, disability or any other contingency or on a term certain {See
Statement of Actuarial Liabilities) $ 1 , 691 , 225 69
Net liability for unadjusted payments due under contracts: — Death losses 15, 701 63
Received from policyholders in advance:^Premiums, $2,010.25; premiums in suspense,
SI ,442 .73 3, 452 98
Provincial, municipal and other taxes due and accrued 9, 887 79
Directors fees 820 00
Medical examiners' fees due and accrued 5, 119 50
Commissions to agents due and accrued 2,850 00
Total LiabUities S 1, 729,057 59
INCOME.
First Year. Renewal.
Assurance premiums S 238,671 91 S 538,838 73
Less reinsurance premiums paid 10,077 38 32,047 58
Total net premiums $228,594 53 $506,79115
Interest, dividends and rents: — S 735,385 68
Gross interest or dividends on —
Mortgages $ 26,211 45
Collateral loans •. 114 60
Bonds and debentures (less $7,610 paid for accrued interest on bonds
acquired during year) 32, 615 62
Premium notes, policy loans and liens 15, 960 15
Total $ 74,901 82
Gross rents for company's property, less $2,703.44 for taxes, expenses and
repairs in connection with such properties 2,231 56
Total interest, dividends and rents 77, 133 38
Gross profit on sale or maturity of ledger assets: — Bonds 3, 933 25
Total Income $ 816,452 31
LIFE INSURANCE COMPANIES
215
The Monarch Life — Continued.
In respect of assurance contracts: —
Death claims- — amount assured.
Net surrender values
DISBURSEMENTS.
11 GEORGE V, A. 1921
66,195 75
13,424 22
Total net disbursements In respect of assurance contracts $ 79, 619 97
Not payments on supplementary contracts: — Not involving life contingencies 450 00
*Taxes, licenses and fees (including taxes on investments but excluding taxes on real estate) . 9,881 25
*Head office expenses: — Salaries, 841,562.35; directors' fees, S650; auditors' fees, $750; travel-
ling expenses, $3,199.25; rents and light, $2,964.91; exchange, S531.73; miscellaneous,
$3,358.53 53,016 77
*Branch office and agency expenses: — Assurance commissions — first year, $135,308.73; re-
newal, $15,174.05; advanced to agents, $10,267.08; salaries, $56,620.20; travelling
expenses, $14,268.56; rents and light, $6.567.03 238,205 65
*A11 other expenses: — Advertising, $2,125.68; book sand periodicals, $315.34; express, tele-
grams and telephones, $2,726.37; legal fees, $899.22; medical fees, $16,419.25; office
furniture, $2,668.29; postage, $3,633.51; printing and stationery, $4,991.39; commis-
sions on loans, $637.03; miscellaneous, $506.83 34,922 91
Gross loss on sale or maturity of ledger assets: — Bonds 1,000 00
Total Disbursements $ 417,096 55
EXHIBIT OF ANNUITIES.
Classification.
Arising out of Life
Assurance Contracts.
Not involving Life
Contingencies.
No.
Annual
Payment.
At end of 1919
2
$
450
At end of 1920
2
450
EXHIBIT OF POLICIES.
(For policies herein included involving disability benefits see Abstract.)
Classification.
Whole Life.
Endowment
Assurances.
Term and
Other.
Totals.
No.
Amount.
No.
Amount.
No.
Amount.
No.
Amount.
At end of 1919
8,584
2,809
86
3
24
$
18,046,692
6,994,417
159,890
78,010
101,850
799
489
5
1
7
$
1,260,375
856,582
10,500
4,991
13,000
185
27
S
822,282
149,850
9,568
3,325
91
4
32
$
20,129,349
New issued
8,000 849
Old revived
170,390
Old increased
1
873
4,000
83,874
Transferred to
118,850
Totals
11,506
25,380,859
1,301
2,145,448
213
977,005
13,020
28,503,312
Less ceased by: —
Death
Expiry
28
68,000
2
1,500
1
7
1,500
24,308
31
7
78
1,130
"'l27
32
71,000
24,308
74
998
153,000
1,943,075
87,101
223,850
17,000
4
111
"" 19
6
6,000
167,128
6,000
46,690
6,000
159,000
Lapse
21
1
20
82,680
1,000
10,000
93,500
2,192,883
94,101
Not taken
107
6
280,540
Transferred from
116,500
Total ceased
1,213
2,492,026
142
233,318
50
212,988
1,405
2,938,332
At end of 1920
10,293
22,888,833
1,159
1,912,130
163
764,017
11,615
25,564,980
Reinsured
1,046,449
67,118
163,700
1,277,267
*Investment expenses included in these items: Salaries: Head Office, $4,800; travelling
esrenses, Head Office, $1,188.05; taxes on investments, $197.19; commissions on loans,
$837.03; miscellaneous, $506.83. Total investment expenses,
$ 7,329 10
216
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
The Monarch Life — Continued.
MISCELLANEOUS.
New policies issued and paid for in cash:— Number, 2,769; gross amount, $6,519,140;
reinsured in other licensed companies, $255,515.
Claims reinsured: — Death claims, $12,500.
Total amount in force divided as to dividend plan: — Annual $55,432; quinquennial,
$7,326,541; deferred, $14,632,801; non-participating, $3,550,206.
Total $
25,564,980
STATEMENT OF ACTUARIAL LIABILITIES.
Assurance Section.
Class of Contract.
Gross in Force.
Reinsured in Companies
licensed in Canada.
Number.
Amount.
Reserve.
Amount.
Reserve.
Ordinary with Profits: —
Life
9,545
1,120
S
20,186,144
1,828,630
(17,261,775)
$ cts.
1,513,403 48
185,647 05
7,771 90
$
632,174
64,618
(480, 190)
(5,000)
$ cts.
42,855 10
Endowment Assurance
3,984 60
Disabilitv Reserve
289 89
Life Policies with prem's
than 102-5% Om (5) 3Wo
prem's
less
net
52 60
Totals
10,665
22,014,774
1,706,822 43
696,792
47,182 19
Ordinary without Profits: —
Life ,
748
39
163
2,702,689
83,500
764,017
(643,282)
(67,000)
191,025 73
11,183 43
5,699 74
567 91
1,180 51
414,275
2,500
163.700
(117,400)
29,605 44
Endowment Assurance
178 36
Term, etc
1,389 84
Disabilitv Reserve
130 79
Life Policies with prem's less
less than 102-5% of Om (5) 3|%
net prem's
(18)
Totals
950
3,550,206
209,657 32
580,475
31,304 43
Grand totals
11,615
25,564,980
1,916,479 75
1,277,267
78,486 62
Ann-dtty Section.
Gross in Force.
Class of Annuity.
Number.
Annual
Payment.
Reserve.
With Profits—
Supplementary contracts: —
1
$ cts.
250 00
$ cts.
3,070 75
Without Profits:—
Supplementary contracts: —
1
200 00
3.091 28
2
450 00
6, 162 03
SUMMARY OF RESERVE.
With Profits.
Total.
Without
Profits
Total reserve, policy and annuity contracts $ 1,709,893 18 $ 212,748 60 $ 1,922,641 78
Total reseri^e on reinsured contracts 47,182 19 31,304 43 78,486 62
Total net reserve on the Company's (statutory) basis of
valuation ...$ 1,662,710 99 $ 181,444 17 •$ 1,844,155 16
Deduction made therefrom (being the full deduction
permitted under Section 43 (3), Insurance Act, 1917).. . 131,987 30 20,942 17 152,929 47
Net reserve carried in the liabilities $1,530,723 69 $ 160,502 00 $1,691,225 69
LIFE INSURANCE COMPANIES 217
SESSIONAL PAPER No. 8
The Monarch Life — Continued.
MISCELLANEOUS STATEMENT,
J, The calculation of the "Reserve" in ihe ''Statement of Actuarial Liabilities." _
(1; Policies were valued individually from tables of net premiums and terminal reserves. For each
policy there were entered the net premium and the terminal reserves for durations n and (n+1) years
where n is found by subtracting the year of issue from the year of valuation. The mean reserve was
calculated from totals of the above items. The age used in fixing the premium was taken as the age next
birthday, for all policies issued prior to August 1914, and the age nearest birthday for policies issued after
that date. All business, both participating and non-participating, was valued on the Om (5) table with
31% interest.
Special Classes —
(a) No policies have been issued on lives resident in tropical or sub-tropical countries.
(b) Policies issued at premiums corresponding to ages higher than the true ages were valued at the
age used in determining the premium.
(c) Policies subject to a lien were valued on same basis as if there had been no lien.
(d) In valuation of policies subject to an extra premium, the extra premiums were disregarded.
(e) All other policies issued on sub-standard lives were valued as policies on standard lives.
(/) In the valuation of policies providing for total disability benefit (waiver of premiurn or sum
assured payable in instalments) additional reserves were included before occurrence of disability,
being on the basis of 17-2 c. Per thousand; and for disability benefit providing waiver of premium
and an annuity without reduction of sum assured, a reserve was included equal to one-half of the
annual premiums charged. The Company has had no claims under disabiUty benefits.
(g) The Company has issued no annuities to under-average lives.
(2) Items of Special Reserve — .
(a) No reserve is held under limited or single premium policies on account of prepaid or limited
loadings.
(6) Additional reserves were provided for the excess of guaranteed benefits over the net premium
reserve on the basis of the valuation employed.
(c) No reserve is held on account of lapsed policies subject to reinstatement. _
id) and (e) No reserve is maintained to cover the option of renewal or conversion under term policies,
(f) There are no other itams of special reserve.
II. Policies issued at premiums corresponding to ages higher than true ages have guaranteed values
corresponding to age at which premium is calculated. For other special classes the values are same
as under ordinary contracts.
III. The average rate of interest earned during the year on the mean net ledger assets was 7-60 per cent.
IV. The matter of distribution of surplus is being dealt with at the present time.
DEFERRED DIVIDEND POLICIES.
Issued prior to January 1, 1911. No profits have as yet been contingently apportioned thereto.
Total Total
Year of Issue. Net Amount Year of Issue. Net Amount
in Force. in Force.
1906 $ 18,500 1909 $ 436,677
1907 303,305 1910 414,218
1908 395,335 -—
Total S 1,568,035
Issued on and after January 1, 1911. No profits have as yet been credited thereto.
Total Total
Year of Issue. Net Amount Year of Issue. Net Amount
in Force. m Force.
1911 $ 326,674 1917 $ 1,224,745
1912 406,917 1918 1,090,434
1913 468,937 1919 2,505,183
1914 508,407 1920 4,935,907
1915 6.54,293 — 7
1916 943 , 269 Total % 13,064,766
Schedule A.
Real estate —
Actual Book Department s
Saskatchewan— cost. value. value.
ReginaS., 15 ft. lot 16 and lots 17 and 18 blk.
374, plan old 33 ....$ 23,775 90 $ 23,837 90 $ 27,000 00
' Rural property, three parcels, none exceeding
$2,000 Department's value 4,255 35 4,554 97 5,200 00
$ 28,031 25 $ 28,392 87 $ 32,200 00
Less credits 344 62
$ 28,048 25
218 DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
The Monarch Life — Continued.
Schedule B.
Loans secured by bonds, stocks or other marketable collaterals —
Par and Amount
market loaned,
value.
Monarch Life Staff, Victory Bonds, 1934 $ 2,350 00 $ 1,887 99
Monarch Life policies, Nos. 298-2369 and 2398 C. S. V.
SI ,6.37.25 and Royal Canadian Securities Co., Ltd.
stock 3,000 00 1,637 25
S 5,3.50 00 S 3,525 24
Schedule C.
Bonds and debentures — Par value. Book value. Department's
Governments — value.
CarKuia— 'Victory Loan $ 77,250 00 $ 77,159 48 $ 77,179 48
War Loan • 200 00 193 46 193 46
$ 77,450 00 S 77,352 94 $ 77,372 94
Cities —
Alberta —
Calgary S 62,103 17 S 48,24104 S 47,704 95
Edmonton 1,946 66 1,669 46 1,713 06
Lethbridge 1,000 00 799 70 799 70
British Columbia —
Trail 8,000 00 7,256 80 7,256 80
Vancouver 14,600 00 12,29102 12,29102
MamVoba— Winnipeg 35,000 00 33,2.57 00 26,950 00
On/ano— Fort WiUiam 3,406 67 3,137 61 2,86160
Saskatchewan —
Moo.seJaw 973 33 837 05 8,37 05
Saskatoon 13,139 98 9,349 31 9,349 31
$140,169 81 8 116,838 99 $109,763 49
Towns —
^»er^a— Hanna $ 3,99119 $ 3,943 22 S 3,943 22
Manitoba— Minnedosa. 600 00 468 69 504 00
Ontario— Sarnia. 5,352 90 5,384 40 5,192 31
Saskatchewan —
Govan 2,752 89 2,647 43 2,647 43
Ogema 1,393 97 1,38139 1,. 381 39
S 14,090 95 $ 13,825 13 S 13,668 35
Villarjes —
Alberta —
Mundare S 8,000 00 $ 7,598 12 $ 7,598 12
Sedgwick 5,600 00 5,320 52 5,320 52
Eight other villages, par value for each under
?3,800 15,795 83 15,360 82 15,360 82
Saskatchewan —
Estuary 5,600 00 5,650 19 5,650 19
Twelve other villages, par value for each not
exceeding 83,000 19, 124 30 19, 171 66 19, 171 66
$ 54,120 13 S 53,10131 S 53,10131
Schools —
Alberta —
East Clover Bar $ 9,000 00 $9,000 00 S 9,000 00
Heisler 9,000 00 9,000 00 9,000 00
SpiritCity 12,500 00 13,20138 13,20138
Seventy-one other schools, par value for each
not exceeding $6,000 128,336 68 129,685 78 130,290 06
Manitoba — Fifteen schools, par value for each
under Sl,500 14,850 00 14,997 00 15,690 53
Saskatchewan —
Lockwood 16,500 00 17,129 53 17,129 53
Saskatoon 10,500 00 7,999.57 7,999 57
Eighteen other schools, par value for each
not exceeding $6,000 37,872 40 37,532 83 38,150 88
$ 238,559 08 $ 238,546 09 S 240,461 95
•Of which $60,000 is on deposit with Receiver General.
LIFE INSURANCE COMPANIES 219
SESSIONAL PAPER No. 8
The Monarch Life — Concluded.
Schedule C — Concluded.
Bonds and debentures — Conclvded. Par value. Book value. Department's
value.
Rural Televhoncs, Saskatchewan —
Baljennie S 7,500 00 $ 7,. 500 00 $ 7,500 00
Cloverley 17,859 81 18,. 547 69 18,547 69
Elrose 10,402 23 10,67.3 18 10,673 18
Harris 10,. 540 73 10,924 57 10,924 57
Landestrew 9,3.30 74 9,52198 9,. 521 98
Lashburn .' 20,000 00 20,750 16 20,750 16
LenoraLake 8,150 00 8,150 00 8,150 00
Leo 7,664 16 7,857 37 7,857 37
Nealdale 8,653 19 8,878 56 8,878 56
New Imperial 18,789 26 19,442 18 19,442 18
South Maymont 10,000 00 10,22169 10,22169
St.Leonard's 10,900 38 11,098 61 11,098 61
Strathcona and Devil's Lake 9,200 00 9,487 68 9,487 68
Success 8,720 67 8,879 29 8,879 29
Wroxton Kessock 7,950 00 8,246 98 8,246 98
Twenty-two other rural telephones, par value
for each under $6,200 77,574 62 79,642 66 79,642 66
$ 243,2.35 79 S 249,822 60 $ 249,822 60
Railways —
Canadian Northern Ry. (g'teed by Dom. of
Canada), 1934, 4 p.c $ 47,600 85 $ 36,919 64 $ 36,919 64
Canadian Northern Pacific Ry., 1st mtge.
(g'teed by British Columbia), 1950, 4 p.c. 23, 603 32 15, 125 91 15, 125 91
Canadian Northern Pacific Ry., 1st mtge.
(g'teed by British Columbia), 1950,
4ip.c 24,333 33 17,386 22 17,386 22
Canadian Northern Western Ry., 1st mtge.
(g'teed by Alberta), 1943, 4J p.c 24,114 33 17,844 10 17,844 10
Pacific Great Eastern Ry., 1st mtge. (g'teed
by British Columbia) 1942, 41 14,600 00 10,965 79 10,965 79
$ 134,251 83 $ 98,241 66 $ 98,241 66
$ 901,877 59 S 847,728 72 $ 842.432 30
Schedule E.
Cash in banks —
Dominion Bank, Calgary $ 2, 781 92
Dominion Bank, Edmonton 454 00
Dominion Bank, Fort William , 276 97
Dominion Bank, Guelph 1, 199 35
Dominion Bank, London 142 18
Dominion Bank, Peterboro 89 83
Dominion Bank, Regina 2,229 11
Dominion Bank, Saskatoon 827 87
Dominion Bank, Toronto 966 19
Dominion Bank, Vancouver 2, 347 08
Dominion Bank, Victoria 95 74
Dominion Bank, Windsor 36 82
Dominion Bank, Winnipeg 20, 158 10
Royal Bank of Canada, Cranbrook 392 54
Royal Bank of Canada, Vancouver 1 , 005 80
Sterling Bank of Canada, Winnipeg 33 45
Bank of Toronto, Barrie 152 20
Bank of Toronto, Winnipeg 235 59
Union Bank of Canada, Winnipeg 43 39
S 33,468 13
220 DEPARTMENT OF INSURANCE
11 GEORGE V, A. .921
THE MUTUAL LIFE ASSURANCE COMPANY OF CANADA.
Statement for the Year ending December 31, 1920.
President — Hume Crontn — Vice-President, R. O. McCulloch — Secretary, H. M. Cook — Gen-
eral Manager, Chas. Ruby — Actuary, M. S. Hallman — Asst. General Manager, W.
H. Somerville.— Head Office, Waterloo, Ont.
{For List of Directors, see Appendix.)
(Incorporated in 1869 by an Act of the Legislature of the Province of Ontario 32 Vic, cap. 17. Com-
menced business in Canada in 1870.)
No Capit.^l Stock.
Summary Balance Sheet.
Total ledger assets " $40,798,540 85 Total liabilities .' $37,472,342 46
Deduct excess of total book value of Excess of Assets over liabilities: —
ledger assets over total Departs *Surplus 4, 998, 674 50
ment's value 376,260 29
Total ledger assets taken at Depart-
ment's value $40,422,280 56
Non-ledger assets 2,048,736 40
Total assets $42,471,016 96 Total $42,471,016
Syxopsis of Ledger Accounts.
As at December 31, 1919: — Decrease in ledger assets in 1920: —
Net ledger assets $36, 152, 382 03 Disbursements $ 5, 738, 260 37
Credit ledger balances 137, 532 95
Total ledger assets $36,289, 914 98
Increase in ledger assets in 1920: — As at December 31 , 1920: —
Income $10,124,171 45 Net ledger assets $40,538,293 11
Credit ledger balances 122, 714 79 Credit ledger balances 260, 247 74
Total increase $10, 246, 886 24 Total ledger assets $40, 798, 540 85
Total $46,536,801 22 Total $46,536,801 22
ASSETS.
Ledger Assets.
Book value of real estate, unencumbered, held by the company {For details see Schedule A). .$ 1 , 059, 987 73
Mortgage loans on real estate, first liens _. ■ • _• 14, 934, 368 52
Amount secured by the company's policies in force, the reserve on each policy being in excess
of all indebtedness: —
Loans to policyholders _ _. $ 4,691,056 67
Advances to policyholders under automatic non-forfeiture provisions 644,211 34
Premium obligations 25, 713 27
— 5,360,981 28
Book value of bonds, debentures and debenture stocks owned by the company {For details,
see Schedule C) 19,394,571 03
Cash: At Head Office, $3,839.78; In banks, $44,792.51 {For details see Schedule E) 48, 632 29
Total Ledger Assets $40,798,540 85
Deduct excess of total book value of real estate, bonds, debentures and stocks over total
Department's value 376,260 29
Total ledger assets taken at Department's value $40,422,280 56
♦Including $3,689,310.42 surplus contingently apportioned to deferred dividend policies issued prior to
January 1, 1911,
LIFE INSURANCE COMPANIES 221
SESSIONAL PAPER No. 8
The Mutual Life op Canada — Continued.
ASSETS— Concluded.
Non-ledger Assets.
Interest, dividends and rents, due and accrued: —
Interest or dividends on — Due. Accrued.
Mortgages $ 279,209 34 $ 387,608 54
Bonds and debentures 13,236 53 258,808 97
Premium notes, policy loans and liens 15,546 25 157,387 55
Totalinterest $ 307,992 12 $ 803,805 06
Rents 3, 300 00 2, 636 14
Total interest, dividends and rents, due and accrued $ 311,292 12 $ 806,441 20
First Year. Renewal. Single.
Gross premiums, less reinsured: —
Due and uncollected $ 115,719 27 $ 697,172 32 $ 12,813 86
-$ 1,117,733 32
Deferred 44,394 84 206,567 26
Total ..$ 160,114 11 S 903,739 58 $ 12,813 86
Deduct commissions and estimated loss in
collection 90,887 58 54,136 20 640 69
Net premiums due and uncollected, and
deferred $ 69,226 53 $ 849,603 38 $ 12,173 17
931,003 08
Total Non-Ledger Assets $2, 048, 736 40
Total Assets $42, 471, 016 96
LIABILITIES.
Net liability under assurance, annuity, and supplementary contracts in force for payments
not due, dependent on life, disability or any other contingency or on a term certain {See
Statement of Actuarial Liabilities) $35, 160, 546 00
Net surrender values claimable under cancelled contracts 2, 141 95
Net liability for unadjusted payments due under contracts: — Death losses, 1211 ,028; matured
endowments, $13,024 224,052 00
Provision for unreported death losses and disability claims 50, 000 00
Dividends left with the company (arising out of assurance contracts) including interest
accumulations 982,380 68
Received from policyholders in advance: — Premiums 41,713 25
Net dividends to policyholders due and unpaid 91, 222 72
Premium reductions on outstanding premiums and annuity consideration 13,021 01
Net profits allotted to deferred dividend policies issued on and after January 1, 1911 475,484 32
Provincial, municipal and other taxes due and accrued 91 , 244 99
Salaries, rents and office expenses, due and accrued 24, 205 04
Medical examiners' fees due and accrued 15, 134 00
Advance payments other than from policyholders: — Interest 40, 948 76
Credit ledger balances 260, 247 74
Total Liabilities $37,472,342 46
INCOME.
First Year. Renewal. Single.
Assurance premiums $1,672,389 59 $5,837,254 10 $* 377,125 36
Less reinsurance premiums paid 78,712 38 172, 191 31 56,088 54
Total net premiums $1,593,677 21 $5,665,062 79 $ 321,036 82
$ 7,579,776 82
Consideration for annuities $ $ 332 31 $ 33,000 00
33,332 31
Total net premium income and consideration for annuities $ 7, 613, 109 13
Consideration for supplementary contracts: —
Involving life contingencies, $36,080; not involving life contingencies, $36,603 72, 683 00
Dividends left with the company at nterest (arising out of assurance contracts) 133,214 58
*Including $120,552.11 single premiums paid by application of assurance dividends.
222 DEPARTMENT OF INSURANCE
* 11 GEORGE V, A. 1921
The Mutual Life of Canada — Continued.
lUCO'i/LE— Concluded.
Interest, dividends and rents: —
Gross interest or dividends on —
Mortgages $ 989,961 31
Bonds and debentures 944,710 19
Premium notes, policy loans and liens 292,457 94
Total $ 2, 227, 129 44
Gross rents for company's property fincludinR $13,725 for company's
occupancy of its own buildings) loss ?44,245.97 for taxes, expenses and
repairs in connection with such properties 16,057 20
Total interest, dividends and rents $ 2,243, 186 64
Advances made to agents in previous years and recovered during the year 893 90
Gross profit on sale or maturity of ledger assets: —
Real estate, .?2,307.00; bonds, S58,777.14 61,084 20
Total Income $10, 124, 171 45
DISBURSEMENTS.
In respect of assurance contracts: — Death Matured Disability
Death, endowment and disability Claims. Endowments. Claims,
claims —
Amount assured $1,229,249 48 S 762,482 17 $ 550 00
Bonus addition 1,208 00 1,362 00
Total 8 1,2.30,457 48 S 763,844 17 S 550 00
Less received for reinsured 15, 570 59 15, 000 00
Nettotal .5 1,214,886 89 S 748,844 17 $ 550 00
$1,964,281 06
Net surrender values 456, 744 12
Net dividends —
In cash $ 808, 791 31
Left with the company at interest 133, 214 58
Applied as single premiums: —
To purchase bonus addition S 36, 643 67
To purchase premium reduction 83, 908 44
120,552 11
Total net dividends 1,062,558 00
[n respect of life annuity contracts: — Cash payments to annuitants 9, 547 04
Total net disbursements in respect of assurance and annuity contracts. .$ 3,493,130 22
Net payments on supplementary contracts:^
Involving life contingencies, $13,369; not involving life contingencies, $13,220.50 26,589 50
Net reduction in premiums resulting from application of dividends 93,078 98
Dividends left with the company and interest accumulations withdrawn 54, 723 24
*Taxes, licenses and fees (including taxes on investments but excluding taxes on real estate). 87,517 14
♦Head Office expenses:— Salaries, S153.200.08; directors' fees, $12,680; auditors' fees, $3,185;
travelling expenses, $6,795.74; rents, $12,000; miscellaneous, $2,200 ._ 190,060 82
'Branch office and agency expenses: — Assurance commissions — first year, $951,425.12; re-
newal, $351,858.97; annuity commissions— first year, $990; renewal, $23.24; salaries,
$82,137.16; travelling expenses, -$6,234. 28; rents, $34,677.50 1,427,346 27
*All other expenses:— Advertising, $34,867.31; books and periodicals, $3,271.28; express,
telegrams and telephones, $8,612.73; legal fees, $6,779.-30; medical fees, $98,227.91;
office furniture, $20,257.81; postage, $17,126.43; printing and stationery, $07,613.04;
commissions on loans, $12,909.75; investment salaries, $70,301.14; investment travell-
ing expenses, $11,859.78; investment sundry, $719.79; light, water and fuel, $3,405.32;
exchange, $2,787.57; miscellaneous, $7,075.04 365,814 20
Total Disbursements $ 5,738,260 37
■^Investment expenses included in these items:— Salaries: Head Office, $34,087.12; Branch Offices,
$36,214.02; travelling expenses: Head Office, $1,512.55; Branch Offices, $10,347.23; taxes on investments,
$2,.582.60; commissions on loans, $12,909.75; rents, .$5,260.00; directors' fees, $3,170.03; miscellaneous,
$40,542.05. Total investment expenses, $ 146,625 32
LIFE INSURANCE COMPANIES
SESSIONAL PAPER No. 8
The Mutual Life of Canada — Continued.
EXHIBIT OF ANNUITIES.
223
Life
Annuities
Proper.
Arising out of Life Assurance Contracts.
Totals.
. Classification.
Involving
Life
Contingencies.
Not involving
Life
Contingencies.
Disability
Annuities.
No.
Annual
Payment
No.
Annual
Payment .
No.
Annual
Payment .
No.
Annual
Payment.
No.
Annual
Payment .
At end of 1919
55
7
$ cts .
9,498 83
3,615 88
37
5
$ cts.
11,919 00
2,450 00
44
8
$ cts.
10,705 50
2,. 300 00
4
2
$ cts.
450 00
650 00
140
22
% cts.
32,573 33
New issued
9,015 88
Totals
62
13,114 71
42
14,369 00
52
13,005 50
6
1,100 00
162
41,589 21
Less ceased by: —
Death
4
1,175 20
4
1
1
1,175 20
1
100 00
100 00
Recovery from disabi-
lity
1
50 00
50 00
4
Total ceased
1,175 20
1
100 00
1
50 00
6
1,325 20
At end of 1920
58
11,939 51
42
14,369 00
51
12,905 50
5
1,050 00
156
40,264 01
250 00
250 00
■"■■|
EXHIBIT OF POLICIES.
(For policies herein included involving disability benefits see Abstract.)
Classification.
Whole Life.
Endowment
Assurances.
Term and
Other.
Bonus
Additions.
Totals.
No.
Amount.
No.
Amount.
No.
Amount.
No.
Amount.
At end of 1919. . . .
New issued
Old revived
Recovered from
63,449
14,119
184
$
126,291,773
35,441,993
411,102
24,720
4,710
46
1
1
74
$
39,441,647
8,959,7.58
70,472
450
3,214
124,000
1,216
543
4
$
4,677,900
2,525,000
11,000
%
294,985
68,409
13
89,385
19,372
234
1
3
260
$
170,706,30f
46,995,160
492,587
450
Old increased. . . .
2
182
74,0.59
587,690
4
4,000
6,000
81,273
Transferred to ... .
717,690
Totals....
77,936
162,806,617
29,552
48,599,541
1,767
7,223,900
363,407
109,255
218,993,465
Less ceased by: —
Death
Maturity
457
2
926,071
4,000
170
489
305,580
744,959
2
10,000
1,997
1,362
629
491
140
1
802
2,800
1
854
260
1,243,648
750,321
Expiry
140
569.730
569 730
Disability
1
184
644
' ' 304
84
1,000
322,094
966,500
41,248
684,465
207,190
1,000
Surrender
618
2,093
1
545
67
1,122,5.59
3,950,6.54
110,384
1,572,310
103,000
3,733
401
1,448 386
Lapse
63
5
109
260,000
16,000
33,000
407,500
5,177 555
Decrease
167,632
Not taken
2,289,775
Transferred
from
717,690
Total ceased
3,783
7,788,978
1,876
3,273,036
319
1,296,230
7,493
5,978
12,365,737
At end of 1920....
74,153
155,017,639
27,676
45,326,505
1,448
5,927,670
355,914
103,277
206,627,728
Reinsured
4,767,843
927,110
449,000
1,912
6,145,865
224
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
The Mutual Life of Canada — Continued.
MISCELLANEOUS.
New policies issued and paid for in cash: — Number, 18,525; gross amount, $44,850,768;
reinsured in other licensed companies, $1,939,009.
Claims reinsured: — Death claims, $7,070: matured endowments, S15,000.
Total amount in force divided as to dividend plan: — Annual, $143,819,165; quinquennial,
$17,648,417; deferred, $33,119,261; njn-participating, §12,040,885.
Total S
206,627,728
STATEMENT OF ACTUARIAL LIABILITIES.
Assurance Section.
Class of Contract.
Gross in Force.
Reinsured in Companies
licensed in Canada.
Number.
Amount.
Reserve.
Amount.
Reserve.
Ordinary with Profits —
I.ife
72,567
27,438
18
$ cts.
149,402,780 00
44,791,649 00
36,500 00
355,914 00
(80,410 45)
$ cts.
21,819,527 68
11,879,992 62
1,302 00
201,794 00
192,788 00
16,4.58 00
2,213 00
56,727 57
$ cts.
4,194,336 00
902,110 00
$ cts.
514,271 00
Endowment Assurance
187,698 00
1,911 60
(1,252 12)
995 00
3,383 00
Totals
100,023
194,586,843 00
34,170,802 87
5,098,357 60
706,347 00
Ordinari/ vnlhout Profits —
Life
1,586
238
1,430
5,614,859 00
534,856 00
5,891,170 00
1,036,9.57 31
199,804 00
44,605 00
586 00
14,148 00
798 76
126 69
573,507 00
25,000 00
449,000 00
62,664 00
Endowment Assurance
3,547 00
4,111 00
Additional Reserve for prems
less than 102-5 per cent of
Om (5) 31% Px
Totals
3,254
12,040,885 00
1,297,025 76
1,047,507 00
70,322 00
Grand totals
103,2771206,627,728 00
35,467,828 63
6,145,864 60
776,669 00
Annuity Section.
Class of Annuity.
Gross in Force.
•
Reinsured in Companies
licensed in Canada.
Number.
Annual
Payment.
Reserve.
Annual
Payment.
Reserve.
With Profits—
Supplementary contracts —
40
42
5
$ cts.
13,619 00
11,093 00
1,050 00
$ cts.
208,343 84
121,546 27
11,646 65
$ cts.
$ cts.
Not involving life contingencies
250 00
3,081 22
Totals
87
25,762 00
341,536 76
250 00
3,081 22
Without Profits—
58
2
9
11,939 51
750 00
1,812 50
102,127 24
9,902 14
18,901 45
Supplementary contracts: —
Involving life contingencies
Not involving life contingencies
Totals
69
14,502 01
130,930 83
Grand totals
156
40,264 01
472,467 59
250 00
3.081 22
LIFE INSURANCE COMPANIES 225
SESSIONAL PAPER No. 8
The Mutual Life of Canada — Continued.
SUMMARY OF RESERVE.
With Profits. Without Total.
Profits.
Total reserve, policy and annuity contracts $34, 512, .339 63 $ 1,427,956 59 835,940,296 22
Total reserve on reinsured contracts 709, 428 22 70, 322 00 779, 750 22
Total net reserve on the Company's basis of valuation. . . .S33,802,911 41 $ 1,357,634 59 $35,160,546 00
Deduction therefrom permitted under Section 43 (3),
Insurance Act, 1917 (none made) ($864,108 86)
Net reserve carried in the liabilities $33,802,911 41 $ 1,357,634 59 $35,160,546 00
Net reserve estimated on the statutory basis (without
deduction) _ $33,185,415 41 $ 1,318,406 59 $34,503,822 00
Reserve maintained by the Company in excess of the
statutory reserve 617,496 00 .39,228 00 656,724 00
MISCELLANEOUS STATEMENT
I. The calculatiun of the "Reserve" in the "Statement of Actuarial Liabilities" —
(1) Annuities were valued individually, the valuation age being the office age at entry plus the exact
duration. The basis of valuation is 0(am) and 0(af) at Bh% prior to Jan. 1, 1903 and at 39c thereafter.
Policies of assurance issued in the same year at the same age and on the same plan were grouped, and the
value was taken as the tabulated net premium reserve at duration n+i, where n is equal to the difference
between the calendar years of valuation and issue, the age being taken as the office age at ent^J^ The
office age at entry is at present "age nearest birthday," but prior to June 1914 the office age was "age next
birthday" unless the application was completed within two months after a birthday, in which case the
age at such birthday was used. The basis of valuation is Om (5) 3^% prior to Jan. 1, 1903 and Om (5) 3%
thereafter.
Special Classes —
(a) Policies issued on lives resident in tropical or sub-tropical countries were valued on the same basis
as ordinary policies.
(b) Policies issued at premiums corresponding to ages higher than the true ages were valued at
the higher ages.
(c) Policies providing for payment at death during certain periods of an amount less than the full
amount of insurance, being policies subject to liens, were valued for the full face value, just as if
no lien had been imposed.
(d) No extra reserve was held on policies under which an extra premium, either single or annual, is
payable.
(e) Policies issued on plans different from that applied for were, of course, valued on the plan issued.
if) On policies providing for disability benefit an extra reserve was held, as follows:
(a) Before occurrence of disability —
An extra reserve was held equal to the amount held at the end of 1918 plus one year's interest at
3% and plus the extra premiums (less commissions) received in 1920, less the reserve transferred for
cases which became disability claims in the year.
(b) After occurrence of disability —
(1) Waiver of premium —
Extra reserve held equal to the present value of the gross premium by Hunter's Disability
Table 3%.
(2) Instalment payments —
One twentieth of face amount each year. Total reserve equal to present value of the instal-
ments at 3%.
(3) Instalment payments reducing sum assured —
The full amount at risk was held as a liability in the reserves.
(4) Waiver of premiums and monthly annuity —
Extra reserve held equal to the present value of the gross premium and the annuity payments
by Hunter's Disability Table 3%.
(g) No annuities are issued to lives classed as under-average.
(2) Items of Special Reserve —
(o) No extra reserve is held under limited or single premium policies on account of prepaid or limited
loadings, nor under immediate annuities to cover future expenses.
(6) The only cases where the guaranteed values exceed the net premium reserve held are where the
Hm reserve exceeds the Om (5) reserve, and in such cases no extra is held.
(c) On lapsed policies issued prior to the adoption of the nonforfeiture privilege and which are subject
to reinstalment, the full Om (5) 3y% reserve is held as at the current policy year, less any balance
of unpaid premium for such year. On lapsed policies containing the nonforfeiture privilege but
which have not been three years in force no reserve is held at end of year.
(d) No renewable term policies in force.
(e) No extra reserve is held to cover the option of conversion into higher premium policies either
as from original age or at attained age.
(/) On Contingent Additions and Pure Endowments the full net premium reserve is held, based on
the same tables as for policies of assurance referred to in I (1).
8—15*
226
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
The Mutual Life of Canada — Continued.
MISCELLANEOUS STATEMENT— Conciaded.
II. The Guaranteed Values in the classes referred to in 1 !\bove were granted as follows:
(1) (a) Same cash and paid-up values as for ordinary policies, but no extended assurance.
(1) (fe) Same cash and paid-up values as for a policy at the rated up age, also the same extended
assurance values where this feature is not eliminated.
(1) (c) Same values as for regular policies except that the extended assurance is usually deleted.
(1) (d) Same values as for regular policies but extended assurance is usually deleted.
(1) (e) Regular values on restricted plan but rarely is the extended assurance feature granted.
(1) (/) No extra values on account of the disability benefit.
(1) (g) None in force.
III. The average rate of interest earned during the year on the mean net ledger assets was 6-41 per cent
IV. The Distribution of Surphis —
(a) The surplus all belongs to the policyholders.
(6) (1) Annual Dividends —
On business prior to 1891 these were determined from the three factors, mortality, interest and
loading, the factors being respectively 15% of the cost of insurance on the Om (5) 3^% table, -75%
of the initial reserve by the said table, and 20% of the excess of the gross premium over the net
premium by the said table.
On annual business subsequent to January 1, 1911, the same formula was used but the reserve
basis used was 3% and therefore the cost of insurance and the loading were based on this table and
the interest factor was changed from -75% to 1%.
These dividends were converted into paid-up assurance by using a single premium at the attained
age taken from the Om (5) table on which the reserves were held, loaded by dividing by -98.
In the reduction of the premium term the annual dividends are accumulated until this accumula-
tion, with the reserve held by the Company on such policy is equal to the ret single premium at the
attained age of the assured according to the table upon which the said reserves are based: or if the
said accumulation, with the reserve, equals the face of the policy, the sum assured is paid in cash
as an Endowment.
(2) Quinquennial Dividends —
For business after January 1, 1903, the annual dividends as per previous paragraph were
accumulated at 5% interest. For bu^ness prior to 1903 the accumulation was at the same rate, but,
in obtaining the annual dividends the Om (5) 31% table was used, and the interest factor was
reduced to -75% of the initial reserve, while the loading and mortality factors remained constant
. but applied to the 3|% table.
Quinquennial dividends were converted into a reduction of premiums for the ensuing five years
by dividing the full dividend, as obtained above, by a 5 year temporary annuity due at the attained
age of the assured and according to the Om (5) table with interest at 3^% or 3%, according as the
policy was issued prior or subsequent to January 1 , 1903; to obtain the bonus addition the quinquennial
dividends were divided by the single premium at the attained age by the same table as was used
to obtain the premium reduction, loaded by dividing by -98.
(3) Deferred Dividends —
Prior to 1914 the dividends were allotted quinquennially and were accumulated at 5% interest
with benefit of survivorship. Since 1914 the allotment has been miade on an annual basis, beginning
from the date of the last full quinquennial dividend allotment prior to 1914, and the accumulation
has been at 5% as before with benefit of survivorship.
The Survivorship Distribution dividends were converted into paid-up assurance on the same basis
as referred to in 4 (b) (2), and into Life Annuities at our present rates.
(4) The cash value of Bonus Additions is the full reserve on the Company's basis.
(5) Policies on lives resident in Tropical or Sub-tropical countries and policies with extra premiums
get the same dividends as policies issued at ordinary rates.
(c) Annuity contracts are non-participating.
DEFERRED DIVIDEND POLICIES.
Issued prior to January 1, 1911, and amount of profits contingently apportioned thereto.
Year of issue.
1901 $
1902
1903
1904
1905
Total net
amount
in force.
1,334,291
2,018,3.')3
1,457,970
2,059,622
2,281,932
•S
Profits
contingently
apportioned
329,696 51
466,048 36
343,899 27
440,429 69
432,513 83
Year of issue.
Total net
amount
in force.
Profits
contingently
api:ortioned.
1906 $ 1,829,449 $ 331,107 97
1907 2,225,810 347,927 17
1908 2,445,998 355,497 80
1909 2,590,205 320,119 05
1910 3,019,828 322,070 77
Totals $ 21,263,458 $3,689,310 42
LIFE INSURANCE COMPANIES
227
SESSIONAL PAPER No. 8
The Mutual Life of Canada— Continued.
DEFERRED DIVIDEND POLICIES— Concluded.
Issued on and after Januarj' 1, 1911, and amount of profits credited thereto.
Total net
Year of issue. amount Profits
in force. credited.
1911 $ 1,601,076 $ 139,826 49
1912 1,632,230 124,143 06
1913 1,522,766 86,034 24
1914 1.164,258 49,896 45
1915 1,001,140 33,269 86
1916 861,250 20,379 56
Total net
Year of issue. amount
in force.
1917 $ 901,088
1918 560,000
1919 972,602
1920 1,456,475
1921 5,000
Profits
credited .
14,209 30
5,132 60
2,. 592 76
Nil.
Nil.
Totals. ...$ 11,677,885 $ 475,484 32
Schedule A.
Real estate: — Actual cost
and book
Alberta — value.
Calgary, 334, 336 and 340 7th Ave. E $ 14, 695 90
Edmonton, 9520 101st Ave 10, 716 42
9555117thAve 4,231 44
9709 109th St 5, 345 08
10173 92nd St 2,891 98
10522 93rd St 3,498 77
10315 11.5th St 6,955 00
British Columbia—
Vancouver, 343 Georgia St 3, 619 65
Lots 9-10, Blk. 35, cor, Pender and Homer Sts 290,262 23
Victoria, 429 Belleville St 8,837 83
" Part Lots 197, 198 and 200 and all Lot 199, s. W. cor. Yates
and Wharf Sts 44, 148 65
561-563 Johnston St 19, 332 29
" 135 Beechwood Ave 3, 563 97
1456 Mitchell St 3,037 70
1505 Fort St 3,811 64
512-514 Fort St 22,230 65
Manitoba — Rural property 31, 564 82
Ontario —
Port Arthur, 488 Red River Rd 5, 590 44
Waterloo, Head office bidg 383,419 49
Quchcc —
Montreal, 314 Clark St. and 33-37 St. Catharine St 91 , 000 00
141-149-157 St. Paul's St 72,694 78
Saskatchewan — Rural property 28, 539 00
$1,059,987 73
Schedule C.
*Bonds and debentures — Par value.
Governments —
Conarfa— Victory Loan , $6,012,900 00
Provinces of Canada — ■
Alberta — Registered Stock 53, 533 33
British Columbia— Bonds 40,000 00
Manitoba— Bonds 4,866 67
Manitoba — Debentures 138, 166 67
Manitoba— Registered Stock 18,006 65
New Brunswick — Registered Stock 53,533 33
Nova Scotia— Debentures 973 33
Nova Scotia — Redeemable Stock 15, 573 34
Ontario— Annuities 131,448 83
Ontario — Registered Stock 4,866 66
Quebec — Bonds 4,866 66
Quebec— Inscribed Stock 11,680 00
Saskatchewan — Bonds 635, 733 33
Saskatchewan— Registered Stock 92, 709 81
Other Governments —
Newfoundland— Bonds 100,000 00
Book value. Department's
value.
$5,958,791 17 $5,958,791 17
36,498 33
35,788 27
4,7.51 20
129,716 14
13,023 21
35,740 99
731 37
10,882 91
119,261 03
3,127 50
3,664 25
6,676 52
630,617 58
71,699 91
36,498 33
35,788 27
4,751 20
110,016 05
13,023 21
35,740 99
731 37
10,882 91
117,013 24
3,127 50
3,664 25
6,676 52
630,617 58
71,699 91
101,178 99 101,178 99
$7,318,858 61 $7,162,149 37 $7,146,201 49
*0f which are on deposit with Receiver General: — City of New Westminster, $25,000;
Town of Notre Dame de Grace, $48,000; Town of Waterloo, $16,000; Bannatyne School District,
8—15^*
35,000.
228 DEPARTMEyT OF IXSURAXCE
11 GEORGE V, A. 1921
The Mutual Life of Canada — Continued.
Schedule C — Continued.
Bonds and debentures — Continued.
Cities — Par value. Book value. Department's
Alberta — value.
Calgary S .50,000 00 $ 49, .5.5.5 70 S 42, .500 00
Lethbridge 2.5,727.30 25,860 17 24,166 38
Medicine Hat 74,186.37 71,0.56 31 65,809 71
Wetaskiwin 30,172 60 .30,753 66 27,029 77
Britii!h ('oliimhia —
Chilliwack 75,000 00 75,000 00 60,000 00
New Westminster 25,000 00 26,089 51 21,2.50 00
Vancouver 10,000 00 10,000 00 7,300 00
Victoria 35,000 00 35,000 00 26,950 00
Manitoba —
Brandon 25,000 00 24,602 82 23,000 00
Portage la Prairie 82,-5.59 42 82,484.35 73,. 525 85
St.Boniface 101,666 38 98,64115 97,066 40
Winnipeg 385,623 37 317,638 24 317,638 24
New Brunsu'ici— Moncton 36,000 00 34, 5.54 74 29, 999 97
Nova Scotia —
Halifax 85,000 00 81,140 13 81,140 13
Sydney 5,000 00 3,862 29 3,862 29
Belleville 30,000 00 30,936 49 25,800 00
Fort William 87,000 00 86,-554 00 79,69000
Gait 121,379 57 118,702 49 116,12847
Guelph 8,000 00 8,15140 7,440 00
Kitchener 159,339 79 159,. 3.39 79 162,287 54
London 95,000 00 96,498 09 94,159 41
XiagaraFalls 36,279 89 35,813 24 .34,782 31
Peterboro 102,000 00 91,527.51 91,. 527 51
Port Arthur 100,000 00 96,524-30 94,000 00
St. Catharines .50,000 00 .52,047 68 49,000 00
Toronto 531,146 66 494,452 34 488,576 22
Windsor 35,445 09 32,797 06 32,797 06
Quebec —
FraserviUe 40,000 00 39,515 56 34,800 00
Hull .32,-500 00 .30,815 98 26,087 38
Lachine 52,000 00 50,216 76 45,360 00
Montreal 634,47120 520,173.53 509,167 38
Quebec 4,866 66 3,78174 3,78174
St. Louis 50,000 00 .50,429 78 42,000 00
ThreeRivers 25,000 00 23,520 70 23,250 00
VaUeyfield 10,000 00 10,395 96 9,300 00
Verdun 50,000 00 46,375 35 51,000 00
Saskatchewan —
Moo.^^ejaw 125,5.52 23 127,673 60 113,927 81
PrinceAlbert 48,304 75 44,158 38 24,152 38
Regina '■ 177,203 33 176,8-55 55 168,815 55
Saskatoon 4,866 66 4,048 24 4,048 24
Swift Current 25,000 00 26,226 48 24,2.50 00
Weyburn 79,998 08 80,380 87 72,198 23
S3,761,289 35 $3,504,151 94 $3,329,565 97
Townn —
A/an!7o6a— Six towns par value for each under 511,900 $ 39,068 06 $ 39,026 11 $ 36,862 46
New Brunswick— Camphemon 50,000 00 50,665 68 41,500 00
Nova Srotia —
Bridt'ewater 15,000 00 15,8-39.52 14.100 00
Stellarton 25,000 00 25,000 00 25,000 00
Truro 10,000 00 8,483 00 8,483 00
Ontario —
Campbellford -33,760 70 35,553 99 32,410 27
Carleton Place 102, 563 26 102, 563 26 103, 588 89
Cobourg 50,000 00 51,46006 42,970 00
Cornwall 13.1-57 51 13,714 10 13,896 53
Hanover 21,574 46 20,967 26 21,727 59
Hawkesbury 14,436 77 14,436 77 12,993 09
Hespeler ■ 27,9-53 47 28,263 69 28,233 00
Meaford 17,346 34 17,78160 16,629 40
Mimico - 32,025 55 31,10116 31,10116
MountForest 20,812 32 21,19008 18,588 27
Orillia 35, 699 39 29, 604 95 29, 604 95
Parry Sound 13,000 00 12,605 90 12,605 90
Pembroke 19.968 00 18.714 97 20,167 68
LIFE IN8VRANCE COMPANIES 229
SESSIONAL PAPER No. 8
The Mutual Life of Canada — Continued.
■ Schedule C — Continued.
Bonds and debentures — Continued. , , t^ ,
Towns Concluded. Par value. Book value. Departments
Ontario— Cancluded. ^ value.
Preston $ 23,276 07 I 23,609 04 $ 24,049 78
Renfrew 40,460 21 40,747 98 .39,. 5-32 96
Simcoe "" 12,218 61 12.4.30 13 11,974 24
Smith's Fails..'...' 15,447 7.5 14,88119 13,439 54
Sudburv 28,000 00 24,972 58 24,972 58
Thorold" 25,873 01 25,054 02 24,06190
Trenton ' " 28, 274 08 28, 283 03 27, 143 11
Uxbrido-e 17,869 96 18,589 10 17,155 16
Walkerville 24,288 65 24,524 26 22,83133
Wallaceburg 18,114 84 18,917 62 18,407 96
Waterloo 35, 886 13 36, 097 04 32, 776 74
Whitby "" 25,. 308 10 24,339 87 23,030 37
Eleven other towns, par value for each under $7,500. . 47,849 36 48,315 96 47,016 35
Quebec- —
DrummondviUe 14,890 46 15,. 306 .56 14,04187
Maisonneuve . . 40,000 00 40,6,58 35 32,800 00
Montcalm 37,000 00 38,944 20 36,6.30 00
Notre Dame de Grace 48,000 00 47, .533 12 42,720 00
Richmond 35,560 55 36,015 06 .31,122 19
St .Jerome 27,. 336 21 27.749 34 22,415 69
St.Lambert 38,233 03 39.518 27 35,718 75
Thetford Mines 55.000 00 47,316 74 47,316 74
Two other towns, par value for neither exceeding S7,C00.. 12,560.84 13,103 52 12,877 13
Saskatcheivan —
Indian Head 50. .331 00 52,513 19 40,96145
Moosomin 23,118 92 23,723 08 21,962 97
Yorkton 18,282 26 19,053 69 17,865 61
Three other towns, par value for each under $9,700.. 13,764 03 14,296 68 12,968 26
$1,298,309 90 $1,293,465 72 $1,206,254 87
v^lllQ-OCS — ■ ""
Manitoba— Munitou $ 8,840 35 $ 8,79137 $ 8,044 72
Ontario —
Acton 10,585 40 10,12122 10,12122
Bridsreburg 20,2.56 35 20,397 19 19,243 53
Elmira 14,414 21 14,7.3420 13,837 64
Seven other villages, par value for each under $4,100.. 19,038 48 19,117 97 17,747 39
Quebec —
Montmorency 14,734 08 15,028 62 13,997 39
St. Michel de Laval .50,000 00 49,52177 50,. 500 00
St. Joseph 16,2.58 20 16,919 01 14,307 22
Townships, Districts or Municipalities— $ 154,127 07 $ 154,631 35 $ 147,799 11
British Columbia — ■ ■
Burnabv $ 25,306 66 $ 21,609 03 $ 19,992 26
Delta..'. 17,000 00 15,298 40 15,180 00
Esquimau 50,000 00 42,224 13 41,000 00
North Vancouver 40,000 00 .36,778 65 33,600 00
Oak Bay 25,002 80 24,784 18 25,002 80
Richmond 75,000 00 60,8.37 74 56,. 528 51
Saanich 50,000 00 45,369 87 46,500 00
Summerland 25,000 00 21,338 82 21,3.38 82
Manitoba — •
Assiniboia 59,99114 56,177 50 56,565 76
Pipestone 41 , 490 40 35, 559 51 35, 559 51
Portage la Prairie 43,776 70 45,696 59 45,696 59
St. Clements .39,447 86 40,095 13 40,095 13
St. Vital 34,490 14 30,679 97 30,808 14
Wallace 22,247 49 20,672 35 19,577 79
Three other rural municipalities, par value for each under
$5,200 12,766 08 12,644 08 12,428 87
Ontario —
Barton 21,70192 21,10440 21,484 90
Clarence 10.407 05 9,844 14 9,844 14
Gloucester 21,492 51 20,18191 21,062 66
West Oxford 13,16176 12,563 09 12,898.52
Five other townships, par value for each under .$8,000. . 28,995 76 28,799 64 28,165 43
Saskatchewan — Six rural municipalities, par value for each
not exceeding $10,500 47,550 00 47,024 45 47,. 330 00
$ 704,828 27 $ 649,283 58 $ 640,659 83
County — .
Ow^ano— Lincoln $ 150.000 00 $ 151,783 61 $ 151,783 61
230 DEPARTMENT OF IXSURANCE
11 GEORGE V, A. 1921
The Mutual Life of Canada — Continued.
Schedule C — Continued.
Bonds and debentures — Continued.
Par value. Book value. Department's
Schools — value.
Alberta —
Caljrary $ 63,933 39 -$ 62,964 77 $ 60,672 72
Lacombe 16,466 73 16,466 73 14,. 326 06
Lethbridge, Protestant 24.700 00 2.5,1.56 00 22,477 00
Medicine Hat 32,166 67 29,730 24 28,628 33
Nelson 17,0000. 17,. 588 09 1.5,640 00
Red Deer .33,. 500 01 33,098 32 ,30,00171
Warner Coasolidated 27,999 98 27,999 98 27.999 98
Wetaskiwin 21,000 00 21,206 98 19,110 00
Ten other schools par value for each not
exceeding SI 0,. 500 68,4.58 12 69,07138 66,755 87
British Columbia —
Richmond 20,000 00 20,000 00 18,000 00
South Vancouver .50,000 00 43,745 00 42,000 00
Manitoba —
Carman 12,000 00 12,112.36 11,280 00
Dauphin 13,266 06 13,387 11 12,602 76
Brooklands 16,000 00 17,. 3.58 90 16,000 00
Souris 26,314 78 26,314 78 24,735 89
Bannatvne 35,000 00 35,000 00 31,500 00
South Springfield 21,000 00 19,965 83 20,370 00
Brandon 35,000 00 34,073.35 31,1.50 00
Gimli 14,000 00 13,418 33 13,. 580 00
Portaae la Prairie 30,800 00 30,932.56 31,108 00
St. James 56,970.39 .58,278 08 58,278 08
Fifteen other schools, par value for each under S9,800.. 72,436 02 72,364 23 71,010 29
New Brunsiuick— Newcastle 30,000 00 31,902 22 28,200 00
Ontario —
Brantford, E..C 18,645 72 18,845 05 17,899 89
Durham 13,092 96 13.092,96 13,747 61
Kitchener, R.C 11,60157 11,60157 12,012 19
Mimico 15,547 35 15,742,04 15,-547 35
Orillia 10,000 00 S, 622 00 8,622 00
■PortCredit 11,318 49 10,667.59 10,667 59
Timmins 41,986 08 37,268 79 .37.268 79
Tiny Twp., R.C 10,944 14 10,829 21 10,178 05
Toronto, R.C .50,000 00 .50,487 18 50,487 18
Windsor. R.C 24, 698 14 24, 879 ,55 25,439 08
Ten other schools par value for each under SS.IOC 35,735 18 35,768 67 34,519 54
Quebec —
Delorimier 10,000 00 10,000 00 9,300 00
Fraserville 30,000 00 30,468 13 26,100 00
Gatineau Point 3,316 39 3,316.39 3,084 24
Lonjrue Pointe, R.C 71,000 00 71,000 00 71,000 00
Maisonneuve 35,000 00 37,245 69 33,250 00
Montreal, Protestant 8,000 00 7,5.56 28 7,280 00
Sherbrooke, Protestant 46,000 00 43,465 59 38,962 99
St. Paul, Protestant 12,000 00 12,460 05 10,920 00
Saskatchewan —
Abbey 16,000 00 16,629 45 16,629 45
Canora 25,40145 23,086 28 24,893 42
Estevan 21,. 500 02 21,313 02 19,488 69
Graton, R.C 24,500 06 24,823 99 23,555 06
Humboldt 17,000 00 17,264 97 17,680 00
Kam-sack 10,215 64 9,977 43 10,215 64
Kincora 15,200 00 15,782 60 15,782 60
Melfort 18,333 34 18,507 53 18,333 34
MelviUe 15,333 38 13,707 56 15,333 38
Moose Jaw 63, 166 66 60, 539 76 58,801 66
Outlook. < 13,. 333 40 13,459 91 12,133 39
Plunkett 17,000 00 17,05161 17,65161
Reeina 72,-500 00 68,718 94 68,009 55
Swift Current 13,000 00 12,864 94 13,070 00
Theodore 18,997 75 19,65122 19,65122
Tuxford 18,000 00 18,708 20 18,708 20
Twenty-five other schools, par value for each under
89,750 116,815 42 118,109 29 117,775 50
SI, 693, 195 89 SI, 676, 248 68 $1,019,425 90
LIFE INSURANCE COMPANIES 231
SESSIONAL PAPER No. 8
The Mutual Life of Canada — Continued.
Schedule C — Continued.
Bonds and debentures — Continued.
Rural. Telephones — Par value. Book value. Department's
Saskatchewan — value.
Annaheim $ 10, .562 26 $ 10,886 38 $ 10,886 38
Amulet 13,923 05 14,460 25 14,460 25
Arabella 26,400 00 27,263 95 27,263 95
Argo 16,900 00 17,428 97 17,428 97
Arran 53,000 00 54,712 48 54,712 48
Beaver Hills 23,500 00 23,686 51 23,686 51
Bellevue Domremy 10,600 00 10,8.58 72 10,8.58 72
Blaine Lake 60,79136 62,7.58 31 62,758 31
Brightholme : 21,000 00 21,687 07 21,687 07
Bruno 17,800 00 18,. 390 04 18,. 390 04
Buchanan 56,200 00 58,039 99 58,039 99
Connaught 15,28153 15,606 73 15,606 73
CrystalSprings Invergordon 13, 155 26 13, 5.58 97 13, 558 97
DonwellCanora 26,800 00 27 013 49 27,013 49
Esterhazy 13, 200 00 13, 644 93 13, 644 93
Fartown 17,667 84 18,210 03 18,210 03
Fiske 13, 500 00 13. 988 45 13, 988 45
Gartmore and Zorra 16,8.38 49 17,. 326 24 17,326 24
Good Luck 41,000 00 42,344 67 42,344 67
Gowanbrae 11,618 54 12,066 81 12,066 81
Hafford 25,445 43 26,226 40 26,226 40
Henrietta 17,600 00 18,068 03 18,068 03
Key West and District 13.442 29 13,8.54 81 13,8.54 81
Krydor 15,000 00 15,000 00 15,000 00
Lac Pelletier South 15,300 00 15,97196 15,97196
Lawrie 22,300 00 23.0.30 10 23,030 10
LeRoss 19,400 00 20,034 72 20,034 72
Lestock 31,206 82 32,164 44 32,164 44
Macrorie 14,700 00 15,179 74 15,179 74
Marcelin 17,900 00 18,847 85 18,847 85
Mawer 11,700 00 12,0.57 96 12,0.57 96
Meacham 15,362 65 15,834 07 15,834 07
Meota 17,092.32 17,888 36 17,888 36
Mervin 15,300 00 15,644 86 15,644 86
Mountrose 16,000 00 16,. 380 53 16,. 380 53
NorthForres 96,020 88 99,725 70 99,725 70
Parkside 15,000 00 15,488 08 15,488 08
Prairie Queen 10,800 00 11,1.53.52 11,153 52
Rhein 28, 400 00 29, 327 77 29, 327 77
Richlea .* 19,. 300 00 19,7.36 45 19,7.36 45
Eiverbank 10,464 65 10,677 02 10,677 02
Shamrock 12,780 82 13.37122 13,37122
Spring Grove 15, ,555 39 16,1.55.54 16.155.54
St. Brieux 21,000 00 21,673 09 21,673 09
St. Louis 20,000 00 20,639 88 20,639 88
Sturgis 23,500 00 24,267 95 24,267 95
Tullymet 11,703 63 11,887 63 11,887 63
WakawLake 13,300 00 13,979 92 13,979 92
Warrior 22,600 00 23,940.30 23,940 30
Western Edam 10,400 00 10,944 15 10,944 15
Wise Creek 13,058 82 13,459.56 13,4.59 56
Sixtv other rural telephones, par value for each under
19,900 289,415 53 295,657 20 295,6.57 20
$1,380,787 56 $1,422,201 80 §1,422,201 80
Railways —
Canadian Northern Ry., 1st mtge. (G'teed by Manitoba)
1930, 4 p. c $ 232,626 65 $ 219,714 84 S 197,283 58
Canadian Northern Ry., 1st mtge. (G'teed by Dom. of
Canada) 1958, 3| p.c 72,026 49 44,530 80 44,. 530 80
Canadian Northern Ry. (G'teed by Dom. of Canada)
1934, 4 p.c 394,685 64 311,778 15 311,778 15
Canadian Northern Alberta Ey., 1st mtge. (G'teed by Dom.
of Canada) 1960, 3i p.c 90,032 70 56,087 79 56,087 79
Canadian Northern Ontario Ry., 1st mtge. (G'teed. bj^ Dom.
of Can.ida) 1961,3*p.c 219,485 96 135,4.56 71 135,4.56 71
Canadian Northern Pacific Ry., 1st mtge. (G'teed. by
British Columbia) 19.50, 4 p.c 38,933 30 29,309 45 29,309 45
Canadian Northern Western Ry., 1st mtge. (G'teed. by
Alberta) 1942, 4§ p.c 74,776 24 63,593 04 63,. 593 04
Canadian Northern Western Ry., 1st mtge. (G'teed. by
Alberta) 1943, 4| p.c 22,060 22 18,347 58 18,347 58
232 DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
The Mutual Life of Canada — Continued.
Schedule C — Concluded.
Bonds and debentures — Concluded. Par value. Book value. Department's
Railways — Coi:cluded. value.
Edmonton, Dunvcgan and British Columbia Rv., 1st mtge.
(G'teed. by Alberta) 1944, A] p.c ' S 16,000 00 -S 13,645 18 $ 1.3,645 18
Grand Trunk Pacific Ry., 1st mtge. (G'teed by Dom. of
Canada) 1962, .3 p.c 237,654 00 136,. 350 76 136,3.50 76
Grand Trunk Pacific Ry. (G'teed by Dom. of Canada)
1962, 4 p.c 680,400 00 506,195 79 506,195 79
Hamilton Street Ry., 1st mtge., 1928, 44 p.c 11,000 00 11,19170 10,120 00
Montreal Tramwavs Co., 1st and Ref. mtge., 1941, 5 p.c 25,000 00 25,000 00 24,000 00
Winnipeg Electric Ry. Co., 1st Ref., mtge S. F., 1935, 5 p.c. . 45,000 00 46, .508 89 42,7.50 00
S2, 1.59, 681 20 §1,617,713 68 $1,589,448 83
Ifj tSC6it(ZTlf-0US — '
BellTclophoneCo.of CanadaLtd.,lstmtge.,1925,5p.c. S 25,000 00 S 25,825 30 S 24,750 00
Canadian Realty Corpn., Ltd., 1st mtge., 1929-1949,
6 p.c 500,000 00 500,000 00 500,000 00
Dominion Realty Co. Ltd., Istmtge., 1921 to 1924, 4i p.c. 17,973 18 17,973 18 17,433 98
Dominion Realty Co. Ltd., 1st mtge., 1921 to 1935,
6 p.c 190,004 41 196,004 41 199,924 50
Goderich Elevator and Transit Co. (G'teed. by
Godcrich) 1921 to 1922, 4 p.c 6,939 10 6,939 10 6,66154
Hj'dro Electric Power Comm. of Ontario (G'teed.
by Ontario) 1957, 4 p.c 786,000 00 5.59,482 18 559,482 18
Merchants Realty Corpn. Ltd., 1st mtge., 1930-39^9,
6 p.c 2.50,000 00 2.50,000 00 250,000 00
Toronto Harbour Commissioners, 1st mtge. (G'teed.
by Toronto) 1953, 4^ p.c 247,000 00 206,717,13 206,717 13
•S 2,028.916 69 S 1,762,941 30 S 1,764,969 33
S20,649,994 54 819,394,571 03 §19,018,310 74
Schedule E
Cash in banks —
Bank of Hamilton, Kitchener S 5, 105 88
Bank of Toronto, Waterloo 7, 765 88
Canadian Bank of Commerce, Waterloo 771 04
Canadian Bank of Commerce, London, England 4,016 10
Molsons Bank, Waterloo .^ 22, 161 44
Royal Bank of Canada, W'aterloo '.....* 5, 049 84
S 44,870 18
Less overdraft — f nion Bank of Canada, Kitcliener 77 67
S 44,792 .51
ASSETS OUT OF CANADA ====
Ledrjer Assets
Amount secured by the Company's policies in force, the reserve on each policy being in excess of all
indebtedness: —
Loans to policyholders S 20, 993 31
Advances to policyholders under automatic non-forfeiture provisions 2,275 26
.S 23,268 57
Book value of bonds, debentures and debenture stocks owned by the Company (Newfound-
land Bonds: par value $100,000; Department's value. $101,178.99) 101, 178 99
Total Ledger Assets out of Canada S 124,447 56
N on-Ledger Assets
Interest accrued ^. S 599 68
Gross premiums, less reinsured: — First Year Renewal
Due and uncollected § 179 35 $ 6, 796 56
Deferred 424 86 2,116 11
Total $ 604 21 S 8,912 67
Deduct commission and estimated loss in collection 354 67 534 29
Net premiums due and uncollected, and deferred S 249 54 S 8,378 38
8,627 92
Total Non-Ledger Assets out of Canada S 9,227 60
Total Assets out of Canada $ 133, 675 16
LIFE INSURANCE COMPANIES
233
SESSIONAL PAPER No. 8
The Mutual Life of Canada — Concluded.
LIABILITIES OUT OF CANADA
Net liability under assurance, annuity, and supplementary contracts in force for payments
not due," dependent on life, disability or any other contingency or on a term certain
Dividends left with the Company (arising out of assurance contracts) including interest
accumulations:
Net dividends to policyholders due and unpaid
Premium reductions on outstanding premiums and annuity consideration
Government, municipal and other taxes due and accrued
Salaries, rents and office expenses, due and accrued
Medical examiners fees due and accrued
$ 287,263 46
393 26
793 80
719 85
254 80
25 00
184 00
Total Liabilities out of Canada $ 289, 634 17
PREMIUM INCOME AND ANNUITY CONSIDERATION OUT OF CANADA
First Year
Assurance premiums $ 13, 958 39
Less reinsurance premiums paid 78 80
Renewal
g 41,166 85
1,968 30
Single
12 63
Total net premiums $ 13,879 59 $ 39,198 55 $
12 631 53,090 77
DISBURSEMENTS IN RESPECT OF ASSURANCE AND ANNUITY CONTRACTS OUT
OF CANADA
In respect of assurance contracts: —
Death and endowment claims: —
Amount assured:— Death claims, $2,000; matured endowments, $10,500 $ 12,500 00
Net surrender values 3 , 972 00
Net dividends —
In cash $ 4,213 68
Left with the Company at interest 316 02
Applied as single premiums —
To purchase bonus addition $ 10 47
To purchase premium reduction 449 0?
459 54
Total net dividends 4,989 24
Total net disbursements in respect of assurance contracts out of Canada. .$ 21,461 24
EXHIBIT OF POLICIES (Out of Canada)
Classification
Whole Life
Endowment
Assurances
Term and
Other
Bonus
Add-
itions
Totals
No.
Amount
No.
Amount
No.
Amount
No.
Amount
At end of 1919
434
133
1
S
813,660
265,750
1,000
1,000
3,000
191
37
336,830
55,250
14
$
61,500
$
5,239
15
639
170
1
$
1,217,229
321,015
1,000
1,000
2
9
2,000
4
5,000
Totals
570
1,084,410
230
394,080
14
61,500
5,254
814
1,-545,244
Less ceased by:^
Death
1
1,000
1
7
1
7
2
1
1,000
10,500
1,000
7,000
3,500
2,000
2
7
4
23
7
3
2,000
10,. 500
3
16
5
2
12,000
21,2.50
13,000
2,000
13,000
Lapse
28,250
16,500
4,000
27
49,250
19
25,000
46
74,250
At end of 1920
543
1,0.35,160
211
369,080
14
61,500
5,254
768
1,470,994
•
57,000
.57,000
MISCELLANEOUS
New policies issued and paid for in cash: — Number, 190; gross amount, $360,000;
reinsured in other licensed companies, $2,000.
Total amoufit in force divided as to dividend plan: — Annual, $331,618; quin-
quennial, $134,796; deferred, $929,480; non-participating, $75,100; Total. . .$ 1,470,994
234 DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
THE MUTUAL LIFE AND CITIZENS' ASSURANCE COMPANY, LIMITED
Statement for the Year ending November 30, 1920.
Managing Director, John J. Garvan — Secretary, W. J. Bloomfield — General Secretary,
Arthur M. Eedy — Principal Office, Sydney, Australia — Chief Agent in Canada, J. P.
Moore — Head Office in Canada, Montreal.
(Organized and incorporated December 31, 1886. Commenced business in Canada August 11, 1913.)
CAPITAL STOCK
Authorized, subscribed and paid in cash $ 973, 333 33
ASSETS IN CANADA
Ledger Assets
Held solely for the Protection of Canadian Policyholders.
Department's value of bonds, debentures and debenture stocks owned by the Company
on deposit with the Receiver General {For details see Schedule C) S 340,866 67
Other Ledger Assets
Amount secured by the Company's policies in force, the reserve on each policy being in
excess of all indebtedness: —
Loans to policyholders S 1,322 80
Advances to policyholders under automatic non-f orf eiture jjrovisions 1,770 91
3,093 71
Cash: At Head Office, S3,.'551.88; in banks, $17,960.89 (For details see Schedule E) 21, 512 77
Total Ledger Assets S 365,473 15
Non-Ledger Assets Due. Accrued.
Interest on —
Bonds and debentures $ 6, 527 77
Premium notes, policy loans and liens $ 22 35 25 95
Total interest $ 22 35 % 6,553 72
S 6,576 07
First Year. Renewal.
Gross premiums, less reinsured: —
Due and uncollected $ 947 65 $ 3,845 55
Deferred (90% of gross) 14, 613 12
Total $ 947 65 $ 18,458 67
Deduct commissions and estimated loss in collection 323 65
Net premiums due and uncollected, and deferred $ 624 00 $ 18, 458 67
19,082 67
Industrial premiums due and uncollected (85% of gross), renewal 398 23
Total Non-Ledger Assets $ 26,056 97
Total Assets in Canada % 391,530 12
LIABILITIES IN CANADA
Net liability under assurance, annuity, and supplementary contracts in force for payments
not due, dependent on life, disability or any other contingency or on a term certain (.See
Statement of Actuarial Liabilities) $ 278, 081 94
Net liability for unadjusted payments due under contracts: — Death losses, industrial — ... 200 00
Received from policyholders in advance: — Premiums — Ordinary, $130.80; industrial,
$1,510.94 1,641 74
All other liabilities due and accrued: — Outstanding cheques, $3,208.72; premiums in
suspense, $2,283.38 5,492 10
Total Liabilities in Canada $ 285,415 78
LIFE INSURANCE COMPANIES
235
SESSIONAL PAPER No. 8
The Mutual Life and Citizens' — Continued.
INCOME IN CANADA
Assurance premiums:— First year, $24,352.99; renewal, $38,208.21; single, §*27,240..50. . .
Total industrial premiums
Total net premium income. .
Gross interest or dividends on —
Bonds and debentures
Premium notes, policy loans and liens.
Bank deposits
$ 89,801 70
111,363 11
.$ 201,164 81
16,666 66
100 77
1,001 76
Income from all other sources:—
Exchange, $14.33; guarantee premiums, $159.24; transfers and office fees, S99.40;
interest on over due premiums, $6.93
Total Income in Canada.
17,769 19
1 279 90
$ 219,213 90
DISBURSEMENTS IN CANADA
In respect of assurance contracts: — Death
Death and endowment claims — Claims.
Amount assured /Ordinary S 11,955 48
industrial • 10,036 30
Bonus addition /Ordinary 171 19
llndustrial 345 50
Matured
Endowments.
S
8165
Total $ 22, 508 47
81 65
Net surrender values ,
Net dividends —
In cash
Applied as single premiums:-
Total net dividends
-To purchase bonus addition .
423 34
9,053 00
Total net disbursements in respect of assurance contracts $
Taxes, licenses and fees (including taxes on investments but excluding taxes on real estate) . .
Head office expenses: — Salaries, $21,573.08; auditors' fees, $500; rents, $3,748.25
Branch office and agency expenses:— Assurance commissions — first year, $13,301.19; renewal,
$287.72; advanced to agents, $250.53; salaries, industrial, $58,279.58; travelling expenses,
$2,.341.75; commissions, industrial, $54,408.56
All other expenses: — Advertising, $499.91; books and periodicals, $107.02; express, tele-
grams and telephones, $245.79; legal fees, $783.35; medical fees — ordinary, $3,686.56;
industrial, $1,118.50; office furniture, $906.45; postage, $778.35; printing and stationery,
$5,730.33; fire insurance, S37.84; interest on agents balances, $26.82
Total Disbursements in Canada
EXHIBIT OF POLICIES (Ordinary)
(For policies herein included involving disability benefits see Abstract)
22,. 590 12
1,030 95
9,476 34
33,097 41
2,916 65
25,821 33
128,869 33
13,920 92
.$ 204,625 64
Classification
Whole Life
Endowment
Assurances
Bonus
Additions
Totals
No.
Amount
No.
Amount
No.
Amount
At end of 1919
1,484
592
18
3
$ cts.
1,402,695 25
800,250 00
16,000 00
1,163 00
276
139
2
1
$ cts.
216,919 00
134,750 00
750 00
234 50
$ cts.
33,469 80
1,760
731
20
4
$ cts.
1,653,084 05
935,000 00
494 25
21,729 82
17,244 25
Old increased
23,127 32
2,097
2,220,108 25
418
352,653 50
55,693 87
2,515
2,628,455 62
Less ceased by: —
Death
9
21
228
5
4
9,000 00
15,250 00
226, 500 00
8,000 00
4,500 00
3
7
33
4
3
2,000 00
4,500 00
24,000 00
3,2.50 00
2,000 00
359 50
2,125 28
3,885 25
132 50
12
28
261
9
7
11,359 50
21,875 28
254,385 25
Decrease
11,382 50
6,500 00
267
263,250 00
50
35,750 00
6,502 53
317
305,502 53
At end of 1920
1,830
1,956,858 25
368
316,903 50
49,191 34
2,198
2,322,953 09
*Including $9,053 single premiums paid by application of assurance dividends.
236
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
The Mutual Life and Citizens' — Continued.
MISCELLANEOUS
New policies issued and paid for in cash: — Number, 724; gross and net amount,
.?928,500.
Total amount in force divided as to dividend plan — Annual, §2,262,791.34;
non-participating, S60, 161.75; Total $2,322,953 09
EXHIBIT OF POLICIES andustrial)
Classification
Whole Life
Endowment
Assurances
Totals
No.
Amount
No.
Amount
No.
Amount
At end of 1919
6,863
5,538
391
91
$ cts.
1,090,877 10
1,1.50,868 00
72,644 00
12,456 52
6,228
4,955
273
121
S cts.
6.52,898 27
954,841 50
.30,449 40
18,2.52 40
13.091
10,493
664
212
$ cts.
1,743,775 37
New issued
2,105,709 50
Old revived
103,093 40
Old increased
30,708 92
Totals
12,883
2,-326,845 62
11,577
1,6.56,441 57
24,460
3,983,287 19
Less ceased bv: —
Death.... "^
70
9,895 40
38
1
2,321
91
5,081 00
102 00
3.59,381 77
13,806 00
108
1
4,833
201
14,976 40
Maturity
102 00
Lapse
Decrease
2,512
110
503,107 00
22,477 00
862,488 77
.36,283 00
Total ceased
2,692
535,479 40
2,451
378,370 77
5,143
913,850 17
At end of 1920
10,191
1,791,366 22
9,126
1,278,070 80
19,317
3,069,437 02
STATEMENT OF ACTUARIAL LIABILITIES
Assurance Section
Class of Contract
Gross in Force
No.
Amount
Reser^^e
Ordinary with Profits: —
Life
1,821
366
S cts.
1,898,696 50
314,903 50
49,191 34
S cts.
74,747 16
Endowment Assurance
36,591 83
Bonus Addition
17,253 94
Totals
2,187
2,262,791 34
128,592 93
Ordinary without Profits: —
Life
9
2
58,161 75
2,000 00
4,061 84
Endowment Assurance
71 40
Totals
11
60,161 75
4, 133 24
Industrial without Profits: —
Life
10,191
9,126
1,791,. 366 22
1,278,070 80
59,173 75
Endowment Assurance
86,182 02
Totals
19,317
3,069,437 02
145,355 77
Grand Totals
21,515
5,392,390 11
278,081 94
LIFE INSURANCE COMPANIES 237
SESSIONAL PAPER No. 8
The Mutual Life and Citizens' — Continued.
MISCELLANEOUS STATEMENT
I. The calculation of the Reserve in the "Statement of Actuarial Liabilities": —
(1) Ordinary Branch policies of the same plan were grouped at individual ages, except for infantile
policies (deferred assurance and deferred endowment assurances for children under ten years old)
where all were grouped and valued at one age. Industrial policies were grouped in quinquennial
or decennial age groups at issue.
The rate of interest used was 3| per cent, and the table of mortality Om (5).
The valuation age follows the age next birthday, the duration being N+^ where N is the
curtate duration. Bonus additions were valued at nearest attained age.
A few Industrial policies of a special class issued outside and transferred to Canada, were
valued by accumulation of the premiums.
Special Classes: —
(a) There is one policy on the life of a resident of Cuba for which an extra reserve has been made
equal to the difference between the rate charged and the tabular rate.
(b) Policies issued at premiums corresponding to ages higher than the true ages were valued at
the higher ages.
(c) Policies subject to liens were accorded full reserve.
{d) The option of paying an extra premium was allowed on certain policies issued to men liable to
military service, but in no case was the option exercised, so ne extra reserve was made for
those cases,
(e) A few applicants for whole-life policies were offered and accepted double endo^vment policies.
Valued as other double endowments.
(J) Policies with disability benefits in the Industrial Branch were given the usual full reserve.
There are none in the Ordinary Branch.
(g) There are no annuities.
(2) Items of Special Reserve — No special reserves are maintained.
II. No special modifications have been made in the guaranteed values of "special class" policies.
III. The average rate of interest earned during the year on the mean life insurance fund of the Company
as a whole, was 4-813 per cent.
IV. The Distribution of Surplus: —
(a) Eighty per cent of the Ordinary Branch profits distributed is apportioned to participating
policies, and twenty per cent to shareholders. The Industrial Branch is non-participating.
(b) Dividends to policyholders are alloted as reversionary bonuses by way of a percentage on the
sum assured varying with class and duration. For policies not more than four years in force
the present scale of bonus addition is SI 3 per thousand for each year on life and limited pay-
ment life policies and 111 per thousand for each year on endowment pojicies. After the policy
is three years in force the reversionary bonuses may be surrendered for cash by being dis-
counted by the Hm. reversion at four per cent interest. There are no deferred dividend
policies.
(c) There are no annuitants in Canada.
Schedule C
Department's
Par value Value
Bonds and debentures on deposit with Receiver General: —
Dominion of Canada— Stock S 243,333 33 S 187,366 67
City of Fort William, Ont 100,000 00 94,000 00
City of Lachine, Que 70,000 00 59,500 00
$ 413,3.33 33 $ 340,866 67
Schedule E
Cash in banks —
Bank of Montreal— Montreal S 15, 237 03
Toronto 1,629 07
Winnipeg 1,094 79
S 17,960 89
238
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
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LIFE INSURANCE COMPANIES
239
SESSIONAL PAPER No. 8
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240 DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
THE MUTUAL LIFE INSURANCE COMPANY OF NEW YORK.
Statement for the Year ending December 31, 1920.
President, Charles A. Peabody — Secretaries, William Frederick Dix, George C. Keeper —
Actuary, William A. Hutcheson — Principal Office, 34 Nassau Street, New York City —
Chief Agent in Canada, William O. H. Dodds — Head Office in Canada, Montreal —
Trustees, Montreal Trust Company.
(Organized and incorporated April 12, 1842. Commenced business in Canada September 1, 1885.)
No CavuMj Stock.
ASSETS IN CANADA.
Ledger Assets.
Held solely for the Protection of Canadian Policyholders.
Department's value of bonds, debentures and debenture stocks owned by the Company {For
details see Schedule C): —
On deposit with the Receiver General, 84,104,098.26; held by Trustees, $5,924,450 $10,028,548 26
Loans to policyholders secured by the Company's policies in force, the reserve on each
policy being in excess of all indebtedness 2, 079, 564 54
Cash- At Head Office. §73.73; at branch offices, $137.50; in banks, $59,373.46 {For
details see Schedule E) 59, 584 69
All other ledger assets 45 00
Total Ledger Assets $12, 167,742 49
Non-Ledger Assets.
Interest on— Due. Accrued.
Bonds and debentures $ $ 178,693 47
Premium notes, policy loans and liens 5,650 16 25,332 78
Total interest $ 5,650 16 $204,026 25
$ 209,676 41
Gross premiums, less reinsured: — First Year. Renewal.
Due and uncollected $ 2,404 36 $101,513 51
Deferred 4, 904 69 36, 343 38
Total $ 7,309 05 S 137,856 89
Deduct commissions and estimated loss in collection 1,900 35 35,842 79
Net premiums due and uncollected, and deferred $ 5,408 70 $ 102,014 10
107,422 80
Total Non-Ledger Assets $ 317,099 21
Total Assets in Canada *. $12,484,841 70
LIABILITIES IN CANADA.
Net liabilitj' under assurance, annuity, and supplementary contracts in force for payments
not due, dependent on life, disability or any other contingency or on a term certain {See
Statement of Actuarial Liabilities) $11,125,619 00
Net liability for payments due under contracts: —
Death Matured
Losses. Endowments.
Adjusted but unpaid $ 3,224 00 $ 2.472 56
Unadjusted 36, 600 00
Resisted— in suit 50,000 00
Totals $ 89,824 00 $ 2,472 56
92,296 56
Amounts loft with the Company (arising out of assurance contracts) including interest
accumulations:
Dividends, $13,751.52; amounts assured, $56,475.65 70,227 17
LIFE INSURANCE COMPANIES 241
SESSIONAL PAPER No. 8
The Mutual Life of New York — Continued.
LIABILITIES IN CANADA— Concluded.
Received from policyholders in advance:— Premiums, $4,809.93; interest, $28,24L29 $ 33,051 22
Net dividends to policyholders due and unpaid 6, 031 20
Provision for profits to policyholders payable in the year following the date of account 615, 106 86
Provincial, municipal and other taxes due and accrued 25,257 93
Commissions to agents due and accrued 407 92
Deposits on account of pending insurance ^ 4, 207 64
Total LiabUities in Canada 111,972,205 50
INCOME IN CANADA.
First Year. Renewal. Single.
Assurance premiums $ 338,399 00 $1,462,247 89 $ *73,795 27
Less reinsurance premiums paid 1,769 50 2,674 22
Total net premiums $336,629 50 $1,459,573 67 $ 73,795 27 $1,869,998 44
Consideration for annuities, renewal 28 35
Total net premium income and consideration for annuities $ 1,870,026 79
Consideration for supplementary contracts:—
Involving life contingencies, $12,282.71; not involving life contingencies, $12,670.56 24,9.53 27
Amounts left with the Company at interest (arising out of assurance contracts): —
Dividends, .$4,313.27; amounts assured, $6,855.50 11,168 77
Gross interest or dividends on —
Bonds and debentures $ 460,117 76
Premium notes, policy loans and liens 103,718 04
Ot^-^-^^^^^ __8^685W ^^^^^^^^^
Exchange 6-330 62
Total Income in Canada $ 2,485,000 35
DISBURSEMENTS IN CANADA.
In respect of assurance contracts: — Death Matured
Death and endowment claims — CUaims. Endowments.
Amount assured $ 537,834 30 $ 282,312 71
Bonus addition 21,535 00 502 00
Total $ 559,369 30 $ 282,814 71
$ 842,184 01
Net surrender values 544,342 49
Net dividends—
In cash $ 440, 122 46
Left with the company at interest 4,313 27
Applied as single premiums: — To purchase bonus addition 73,795 27
Total net dividends 518, 231 00
In respect of life annuity contracts: — Cash payments to annuitants 5, 962 64
Total net disbursements in respect of assurance and annuity contracts. $ 1,910,720 14
Net payments on supplementary contracts: —
Involving life contingencies, $32,996.99; not involving life contingencies, $1,800 34,796 99
Amounts left with the company and interest accumulations withdrawn: —
Dividends, $113.05; amounts assured, $15,367; all other amounts, $1,266.88 16,746 93
Taxes, licenses and fees (including taxes on investments but excluding taxes on real estate).. 28,747 33
Head office expenses:— Salaries, $20,713.28; directors' fees, $500; travelling expenses,
$6,485.56; rents, S3,.332.72 31 , 031 56
Branch office and agency expenses: — Assurance commissions — first year, $163,276.86;
renewal, $72,682.49; advanced to agents, $4,098.47; salaries, $46,391.37; travelling
expenses, $8,.389.66; rents, .17,067.60 301,906 45
All other expenses: — Advertising, $358.80; books and periodicals, $73.75; express, tele-
grams and telephones, $1,.564.. 54; legal fees, $10; medical fees, $16,351.04; office furniture,
$2,623.68; postage, $3,082.66; printing and stationery, $1,763.23; inspection of risks,
$3,255.98; fuel and light, $68.42; miscellaneous, $3,533.54 32,685 64
Total Disbursements in Canada $ 2,356,635 04
*Paid by application of assurance dividends.
8—16*
242
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
The Mutual Life of New York — Continued.
EXHIBIT OF ANNUITIES.
Life Annuities
Proper.
Arising out of Life Assurance
Contracts.
Totals.
Classification.'
Involving Life
Contingencies.
Not involving
Life
Contingencies.
No.
Annual
Payment.
No.
Annual
Payment .
No.
Annual
Payment .
No.
Annual
Payment .
At end of 1919
20
$ cts.
5,853 55
157
5
S cts.
31,782 06
674 34
3
2
$
800
1,000
180
7
$ cts.
38,435 61
1,674 34
Totals
20
5,853 55
162
32,456 40
5
1,800
187
40,109 95
Less ceased by: —
Death
1
1,189 22
4
1
1,262 60
500 00
5
1
2,451 82
500 00
1
1,189 22
5
1,762 60
6
2,951 82
At end of 1920
19
4,664 33
157
30,693 80
5
1.800
181
37,158 13
EXHIBIT OF POLICIES.
(For policies herein included involving disability benefits see Abstract.)
Classification.
Whole Life.
Endowment
Assurances.
Term and
Other.
Bonus
Additions.
Totals.
No.
Amount.
No. 1 Amount.
No.
Amount.
No.
Amount.
At end of 1919....
New issued
Old revived
15,522
2,547
20
S cts.
38,108,044 00
8,484,688 40
60,893 00
1,873
134
S cts.
3,184,843 00
286,000 00
774
109
S cts.
3,266,204 00
650,093 00
S cts.
805,812 00
137,244 00
18,169
2,790
20
21
35
S cts.
45,364.903 00
9,558,025 40
60,893 00
Old increased
1
6
20
1
85,109 71
1,000 00
85,109 71
Transferred to ... .
28
191,935 00
9,305 00
202,240 00
Totals....
18,117
46,845,560 40
2,014
3,480,148 00
904
4,002,406 71
943,056 00
21,035
55,271,171 11
Less ceased by: —
Death
158
354,563 00
12
115
23,100 00
278,759 00
5
57,353 00
21,535 00
502 00
175
115
88
486
448
16
4
456 551 00
Maturity
279,261 00
Expiry
88
17
12
527,242 00
57,383 00
67,000 00
527,242 00
Surrender
Lapse
437
412
16
3
1,381,224 00
972,500 00
13,230 44
5,500 00
32
24
1
61,125 00
27,500 00
9,252 00
1,000 00
55,515 00
1,555,247 00
1,067,000 00
Decrease
22,482 44
Transferred
from
6,500 00
Total ceased
1,026 2,727,017 44
184
400,736 00
122
708,978 00
77,552 00
1,332
3,914,283 44
At end of 1920. . . .
17,091
44,118,542 96
1,830
3,079,412 00
782
3,293,428 71
865,504 00
19,703
51,356.887 67
Reinsured
50,000 00
50,000 00
MISCELLANEOUS.
New policies issued and paid for in cash: — Number, 2,790; gross amount, S 9,420,781.40;
reinsured in other licaisei companies, $50,000.
Total amount in force divided as to dividend plan: — Annual, ?42,215,378.96; quinquennial.
81,7.33,041; deferred, $5,892,915; non-participating. SI .515.552.71.
Total. . . ._. S51 , 356, 887 67
LIFE INSURANCE COMPANIES
SESSIONAL PAPER No. 8
The Mutual Life of New York — Continued.
243
STATEMENT OF ACTUARIAL LIABILITIES.
Assurance Section.
Class of Contract.
Gross in Force.
Reinsured in Companies
licensed in Canada.
Number.
Amount.
Reserve.
Amount.
Reserve.
Ordinary with Profits: —
Life
15,979
1,765
454
S cts.
43,393,980 96
3,038,387 00
2,543,463 00
865,504 00
$ cts.
8,277,018 00
1,339,834 00
25,754 00
536,079 00
$ cts.
50,000 00
$ cts.
1 100 00
Term , etc
Totals
18,198
49,841,334 96
10,178,685 00
50,000 00
1 100 00
Ordinary without Profits: —
Life
1,112
65
328
724,562 00
41,025 00
749,965 71
377,040 00
30,885 00
31,472 00
Endowment Assurance
Totals
1,505
1,515,552 71
439,397 00
Grand Totals
19,703
51,356,887 67
10,618,082 00
50,000 00
1 100 00
Annuity Section.
Class of Annuity.
Gross in Force.
Number.
Annual
Paj'ment.
Reserve.
With Profits:—
Supplementary contracts: —
Involving life contingencies
Not involving life contingencies.
Totals .
Without Profits: —
Life Annuities Proper
Supplementary contracts: —
Involving life contingencies
Not involving life contingencies.
Totals
Grand Totals.
19
155
3
177
181
S cts.
750 00
1,000 00
cts.
15,362 00
12,201 00
1,750 00
27,563 00
4,664 33
29,943 80
800 00
35,408 13
30,912 00
446,187 00
3,975 00
481,074 00
37,158 13
508,637 00
SUMMARY OF RESERVE.
With Profits. Without Profits. . Total.
Total reserve, policy and annuity contracts $10,206,248 00 $ 920,471 00 $11, 126,719 00
Total reserve on reinsured contracts 1 , 100 00 1 , 100 00
Total net reserve on the Company's basis of valuation
(carried in the liabilities) $10,205,148 00 $ 920,47100 $11,125,619 00
Net reserve estimated on the statutory basis (without
deduction) $10,103,097 00 S 911,266 00 511,014,363 00
Reserve maintained by the Company in excess of the
statutory reserve 102,05100 9,205 00 111,256 00
8—16**
244 DEPARTMEXT OF INSURANCE
11 GEORGE V, A. 1921
The Mutual Life of New York — Continued.
MISCELLANEOUS STATEMENT.
I. The calculation of the "Reserve" in the "Statement of Actuarial Liabilities" —
(1) Both policies and annuities were valued in groups on the following bases:
Insurance:
American table with interest at 85% for policies issued prior to January 1, 1907.
American table with interest at 3% for policies issued after December 31, 1906.
Annuities:
McClintock table with interest at Zi% for annuities issued prior to January 1, 1907.
McClintock table with interest at 3% for annuities issued after December 31, 1906.
Additional reserve for Waiver of Premium and Income in Event of Permanent Disability Occurring
Prior to Age 60; Hunter's Disability Table with interest at 3%.
Policies were grouped by year of issue and sub-divided according to kind of policy and age at issue.
The amount of insurance on each group was valued by a mean reserve table; in other words, the value
of the sum insured and the value of the future net premiums were not calculated separately.
Annuities were grouped according to year of birth.
Special Classes —
(a) No Canadian policies were issued on lives resident in tropical or semi-tropical countries. The
Company at one time issued policies in Mexico and Cuba at semi-tropical and tropical rates.
The reserves for policies issued at semi-tropical rates are calculated by the Sesqui American
Table of Mortality, and the reserves for policies issued at tropical rates are calculated according
to the Double American Table of Mortality, unless in either case normal reserves are greater.
(b) No policies were issued at rated up ages.
(c) No policies were issued with liens.
(d) Reserves for policies issued with a fixed extra premium payable annually were calculated as if
such extra net premium were not payable; in other words, the extra net premium was considered
as being required to cover the extra risk run in the year. No policies were issued with fixed
extra premium payable in one sum.
(e) The Company does not issue policies except at standard rates.
(/) The Company issues policies providing for a Waiver of Premium only, and other policies providing
for Waiver of Premium and an income during disability. The reserves for all such policies are
calculated according to the Hunter Disability Table with interest at 3%. fa) Before occurrence
of disability the reserve held is the normal reserve by said table, (b) Thereafter, the reserve
is increased to the reserve for the immediate benefit granted — all according to said table and
rate of interest.
(g) No annuities were issued to lives classed as under-average.
(2) Items of special reserve —
(o) No additional reserve is held under limited Payment or Single Premium policies. No additional
reserve is held under immediate annuities to cover future expenses. The net reserves only are
held.
(b) In the years 1898 to 1906, both inclusive, certain policies were issued with cash values in excess
of the tabular American 3^% Reserves. Additional reserves are held to enable the Company to
pay such cash values.
(c) No reserves are held on account of lapsed policies.
(d) The only renewable term policy issued by the Company is the Yearly Renewable Term policy.
No additional reserve is maintained to cover the right to renew.
(e) No reserves are maintained to cover the option of conversion into higher premium policies. The
right to change from original date is granted only where the difference of premium with interest
thereon will make good the reserve.
II. No policies are issued in Canada at tropical or semi-tropical rates. As stated in answer l-(o), at one
time the Company issued policies at semi-tropical and tropical rates in Mexico and Cuba. The Cash
and Paid-up values of such policies most recently granted were the same as the cash and paid-up values
of similar policies issued in the United States and Canada. The extended term insurance was for
a shorter period, allowance being made in the calculation thereof for the higher semi-tropical and
tropical rates, etc.
III. The average rate of interest earned by the Company as a whole was 4-481%.
IV. The distribution of surplus —
(a) No shareholders; all surplus belongs to policyholders.
(b) Dividends are not applied in reduction of all future premiums. (This statement pertains both to
"premium reduction" and "reduction of premium term"). Paid-up insurance is purchased on'
net American 3% basis. Dividends are not applied to reduce the endowment period.
Annual Dividends: Annual dividends are payable on policy anniversaries commencing at the end
of first policy-year (allotment of dividend at end of first policy-year is contingent upon payment
of second year premium), and consist of two parts; (1) excess interest on initial reserve for the
policy-year, the reserve being the American 4%, 85%, or 3% reserve, according to whether the
policy was issued prior to Jan. 1, 1898, in one of the years 1898 to 1906, inclusive, or after 31st
December ,1906, and (2) a refund to the insured of that part of the premium, paid one year earlier,
which the Company has been able to save during the policy-year, the refund l)eing calculated
as a percentage of the loading contained in the "tabular annual premium", the percentage used
for dividends payable 1920 being .58% for policies issued in the years 1919 to 1907, inclusive, (53%
in the case of Term policies) 02r/7 for those issued in 1906, 64% for those issued in 190."), 6.i-5% for
those issued in 1904, 67', for flioso issued in 1903, 68-5S'f, for those issued in 1902, 70',' for those
issued in 1901, 71-5'; for thnsc issued in 1900, 73% for those issued in 1899, 74-.5';'(: for those issued
in 1898, 87% for those issued in 1897, and increasing 2% for each year's earlier issue.
The rate of interest used in the dividend calculations of 1920 was 4-2%, the excess being 0-2% for 4%
eserve policies, 0-7% for 82% policies, and 1-2% for 3% policies.
LIFE INSURANCE COMPANIES
245
SESSIONAL PAPER No. 8
The Mutual Life of New York — Continued.
MISCELLANEOUS STATEMENT— Conciudei.
Deferred Dividends for 5, 10, 15 and 20 year periods are computed as follows: — (1) the annual dividends
which the policy would have received had it been an annual dividend policy are taken, (2) these
annual dividends are accumulated at compound interest, at the various rates used in the dividend
calculations each year, up to the end of the dividend period, (3) the accumulated amount of these
annual dividends is increased by a percentage, varying with the age of the insured, to recompense
the policyholder for the risk he has run, and which he would not have run had the policy been
an annual dividend policy, of losing surplus through death, discontinuance or otherwise, and
(4) in the case of those 15-year distribution policies issued in the year 1905, and 20-year distribu-
tion policies issued in the year 1900 where the policy guarantees a cash value aX. and after the
end of the distribution period in excess of the tabular American 85% reserve, the amount so found
is reduced by the excess of such cash value over such reserve.
Subject to evidence of insurability satisfactory to the Company and to an agreement on behalf of the
policyholder to a corresponding reduction in the policy guarantees at and after the end of the
distribution period, the holder of each such 15 and 20-year distribution policy referred to in (4;
was given an additional dividend in 1920 equal to the reduction already made in calculating the
dividend. (See Dividend Schedule).
All deferred dividends are payable on the policy anniversary at the end of the deferred period if the.
policy is then in force, but not otherwise.
(c) This Company does not issue participating annuities.
Issued prior to
Year
of
Issue.
1885
1886
1887
1888
1889
1890
1891
1892
1893
1894
1895
1896
DEFERRED DIVIDEND POLICIES.
January 1, 1911, and Amount of Profits contingently apportioned thereto.
Total Net Profits Year Total Net Profits
Amount Contingently of Amount Contingently
in Force. Apportioned. Issue. in Force. Apportioned.
$ 39,664 $ 284 67 1897 $ 184,493 $ 3,820 27
133,185 1898 106,176 2,344 84
226,810 5,543 59 1899 11,851 .368 73
150,745 2,144 59 1900 9,311 137 04
109,611 829.34 1901 1,265,546 1,273 62
141,528 532 96 1902 1,239,792 268,767 49
89,549 1903 1,016,518 206,123 28
72,281 1,758 12 1904 1,147,299 212,410 71
124,863 2,476 65 1905 792,401 136,659 79
96,885 2,349 77 1906 442,272 59,838 16
107,248 853 08
117,928 239 58 Totals $ 7,625,956 $908,756 28
Schedule C.
Bonds and debentures — Par value.
On deposit with Receiver General.
Governments —
Cawada— Bonds $ 240, 000 00
War Loan 560,000 00
Provinces of Canada —
Manitoba— Debentures 200,000 00
New Brunswick— Debentures 219,000 00
Other Governments —
United States of America— Liberty Loan 1,380,000 00
Czttcs
Ontario— Hamilton 250,000 00
QMebec- Montreal 965,000 00
Railways —
Canadian Northern Ry. (g'teed by Manitoba), 1939,
4p.c 500,000 00
Canadian Northern Ry. (g'teed by Manitoba), 1929,
4 p.c 149,893 33
Department's,
value.
$ 2.37,600 00
532,000 00
178,000 00
200,740 00
1,380,000 00
222,500 00
814,3.50 00
410,000 00
128,908 26
Held by Trustees.
Railways —
Chicago and North Western Ry., 1926, 4 p.c $ 1,510,000 00
New York Central Railroad Co., Cons. Mtge., 199S,
4 p.c 1,575,000 00
New York Central and Hudson River R.R., 1st Ref.
Mtge., 1997,31 p.c 3,660,000 00
4,463,893 33 $ 4,104,098 26
$ 1,479,800 00
1,370,250 00
3,074,400 00
$ 6,745,000 00 $ 5,924,450 00
$11,208,893 33 $10,028,548 26
$
56,365 36
1 , 695
91
111
50
252
55
948
14
$
59,373 46
246 DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
The Mutual Life of New York — Continued.
Schedule E.
Cash in banks —
Bank of Montreal, Montreal $
Royal Bank of Canada, Montreal
Royal Bank of Canada, Vancouver
Canadian Bank of Commerce, Toronto
Royal Bank of (Canada
GENERAL BUSINESS STATEMENT FOR THE YEAR ENDING DECEMBER 31, 1920.
INCOME.
Total premium income S85, 652, 597 64
Consideration for supplementary contracts involving life contingencies 1, 172,867 93
Consideration for supplementary contracts not involving life contingencies 612,337 14
Dividends left with the company to accumulate at interest 202, 961 59
Interest and rents 30,931,931 25
Collections or deposits received for account of others , not paid out 82 , 934 82
Premium extension fees and policy fees 30,350 34
Profits on settlement of foreign business 6, 589, 243 17
Agents' balances 6, 502 03
Deposits on account of pending insurance 44, 317 48
Exchange .. 962 97
Gross profit on sale or maturity of ledger assets •. . . 559, 653 15
Gross increase, by adjustment, in book value of ledger assets 483, 700 82
Total income §126,370,360 33
DISBURSEMENTS.
Net amount paid for losses and matured endowments S39, 443, 852 80
For annuities involving life contingencies 2, 644, 772 24
Dividends paid policyholders in cash or applied in liquidation of loans or notes 11, 161,935 59
Dividends applied to pay renewal premiums 7, 205,048 29
Dividends applied to purchase paid-up additions and annuities 3,406,620 21
Dividends left with the company to accumulate at interest 202, 961 59
Surrender values paid in cash or applied in liquidation of loans or notes 22, 916, 781 76
Surrender values applied to pay new and renewal premiums 541 , 187 63
Paid for claims on supplementary contracts not involving life contingencies 842,871 70
Dividends and interest thereon held on deposit surrendered during the year 56,770 47
Expense of investigation and settlement of policy claims 83, 505 20
Commission to agents ; • • 10,071,366 24
Compensation ol managers and agents not paid by commission for services in obtaining
insurance 884,067 16
Branch office expenses • 1 . ■181 ,069 08
Agency supervision and travelling expenses of supervisors 878, 364 38
Medical examiners' fees and inspection of risks 816, 688 98
Salariesandallother compensation of officers, directors, trustees and home oflSce employees. 2,439,705 16
State taxes on premiums. Insurance Department licenses and fees 1,111, 5S9 09
All other licenses, fees, and taxes ■ 1,270,044 09
Taxes on real estate 325, 647 92
Repairs and expenses on real estate 470, 101 79
Rent 641, 181 34
Gross loss on sale or maturity of ledger assets 4, 873, 198 81
Gross decrease, by adjustment, in book value of ledger assets 137, 903 37
Agents' balances charged off 99, 435 40
Disbursed from amounts held for account of sundry parties 299,883 34
All other disbursements 1,580,134 42
Total disbursements §115,886,688 05
LEDGER ASSETS.
Book value of real estate $11,706,467 68
Mortgage loans on real estate, first liens 104, 307, 541 55
Loans on the company's policies assigned as collaterals 87,409,400 98
Book value of stocks and bonds 451, 130,066 80
Cash on hand, in trust companies, and in banks 8, 605, 932 90
Supplies and accounts collectible 178, 178 09
Premiums reported to War Risk Insurance Bureau 1, 717 65
Cash advanced to pay policy claims 1,184,252 90
Cash advanced to or in hands of officers or employees 23, 632 52
Total ledger assets $664,547,191 07
LIFE INSURANCE COMPANIES 247
SESSIONAL PAPER No. 8
The Mutual Life of New York — Concluded.
NON-LEDGER ASSETS.
Interest and rents due and accrued $ 8,277,413 86
Net amount of uncollected and deferred premiums 5,671,240 14
Gross assets $678,495,845 07
Deduct assets not admitted 7,495,663 88
Total admitted assets $671,000,181 19
LIABILITIES.
*Net reserve $560,688,442 00
Extra reserve for total and permanent disability benefits and for additional accidental
death benefits , 1,281,043 00
Present value of amounts not yet due on supplementary contracts not involving life
contingencies 4,476,246 68
Present value of amounts incurred but not yet due for total and permanent disability
benefits _ 128,317 00
Due and unpaid on supplementary contracts not involving life contingencies 1,978 76
Total policy claims 6, 996, 156 68
Liabilities on cancelled policies 305, 478 46
Dividends left with the company to accumulate at interest and accrued interest thereon ... 1 , 051 , 257 02
Dividends or other profits due policyholders 1,201,569 45
Premiums paid in advance, including surrender values so applied 409, 521 62
Commission to agents due or accrued 50 , 653 94
Unearned interest and rent paid in advance 1, 187,578 32
Salaries, rents, office expenses, bills and accounts, due or accrued 25,595 87
Medical examiners' fees due or accrued * 1,844 64
Taxes due and accrued 206, 646 55
Federal, state, counts' and other taxes due and accrued (estimated) 3, 170, 620 22
Dividends declared on or apportioned to annual dividend policies payable to policyholders
during 1921 _. 13,964,988 58
Dividends declared on or apportioned to deferred dividend policies payable to policyholders
during 1921 12, 218, 948 08
Amounts set apart, apportioned, provisionally ascertained, calculated, declared or held
awaiting apportionment upon deferred dividend policies 39, 720, 257 18
Deposits on account of pending insurance ._ 251 ,084 71
Due sundry parties for collections made or deposits held for their account 603,409 30
Fund for depreciation of securities and general contingencies 23,058,543 13
Total liabilities $671,000,181 19
EXHIBIT OF POLICIES.
Number. Amount.
Issued during the year 121,950 $ 415,684,409
Terminated 58,018 154,875,955
In force at end of the year 929, 511 2, 357, 973, 121
*For bases of valuation see Miscellaneous Statement, Canadian business.
248 DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
THE NATIONAL LIFE ASSURANCE COMPANY OF CANADA.
Statement for the Year Ending December 31, 1920.
President, Albert J. Ralston — 1st Vice-President, George W. Beardmore — Secretary, F.
Sparling — Managing Director, Albert J. Ralston — Actuary, J. W. Fisher, B.A.,
A.A.S. — Head Office, Toronto, Ont.
{For List of Directors see Appendix).
(Incorporated June 29, 1897, by an Act of the Parliament of Canada, 60-61 Vic, cap. 78. Commenced
business June 23, 1899.)
CAPITAL STOCK
Authorized antl subscribed $ 1 , 000 . 000
Paid in cash 250, 000
Premium on capital stock paid by shareholders 75, 000
{For List of Shareholders see Appendix) .
SUMMARY BALANCE SHEET.
Assets. Liabilities.
Total ledger assets $ 4,929,974 22 Total liabilities .•■•.•■. * 4,825,540 62
Non-ledger assets 249, 208 77 Excess of assets over liabilities —
Capital stock paid in
cash S 250,000 00
♦Surplus 103,642 37
• 353,642 37
Total assets $ 5,179,182 99 Total $ 5,179,182 99
SYNOPSIS OF LEDGER ACCOUNTS.
As at December 31, 1919:— Decrease in ledger assets in 1920: —
Net ledger assets $ 4,269,072 63 Disbursements $ 871,389 87
Borrowed money 360,000 00 Amount by which ledger assets
were written down 158 03-
Decrease in borrowed money 55,000 00
Total ledger assets $ 4,629,072 63 Total decrease $ 926,547 90
Increase in ledger assets in 1920: — As at December 31, 1920: —
Income $ 1,226,668 96 Net ledger assets I 4,624,974 22
Amount by which ledger assets Borrowed money 305,000 00
were written up 780 53
Total increase $ 1,227,449 49 Total ledger assets $ 4,929,974 22
Total $ 5,856,522 12 Total $ 5,856,522 12-
ASSETS
Ledger Assets.
Book value of real estate, unencumbered, held by the Company (National Life Bldg.,
Toronto, Department's value, $275,000) : ■ ■•. 8 250,000 00
Amount secured by the Company's policies in force, the reserve on each policy being in
excess of all indebtedness:- —
Loans to policyholders $ 363,675 26
Advances to policyholders under automatic non-forfeiture provisions 103, 949 13
Premium obligations 8.805 70
476,430 0&
Book value of bonds, debentures and debenture stocks owned by the Company {For details
see Schedule C) "...,. 3,934,496 05
Book value of stocks owned by the Company {For details see Schedule D) 215,638 33
Cash: At Head Office, $6,180.08; in lianks, .$47,229.67 {For details see Schedule E) 53,409 75
Total Ledger Assets $ 4,929,974 22
♦Including $80,142 surplus contingently allotted to deferred dividend policies issued prior to January 1,
1911.
LIFE INSURANCE COMPANIES
249
SESSIONAL PAPER No. 8
The National Life of Canada — Continued,
ASSETS-^Concluded.
Non-Ledger Assets.
Interest, dividends and rents, due and accrued:
Interest or dividends on —
Bonds and debentures
Stocks ._
Premium notes, policy loans and liens.
Due.
8,162 27
3,655 84
Total interest.
Rents
11,818 11
1,132 00
Accrued.
$ 46,913 96
1,246 00
48,159 96
Total interest, dividends and rents, due and accrued S 12,950 11 $ 48,159 96
Gross premiums, less reinsured:— First Year. Renewal.
Due and uncollected $ 49, 486 91 $ 140, 241 50
Deferred 4,548 11 19,436 76
-$ 61,110 07
Total $ 54,035 02 % 159,678 26
Deduct commissions and estimated loss in collection 32,421 02 3, 193 56
Net premiums due and uncollected, and deferred % 21, 614 00 $ 156,484 70
Treasury vault equipment
178,098 70
10,000 00
Total Non-Ledger Assets $ 249, 208 77
Total Assets ". $ 5,179,182 99
LIABILITIES
Net liability under assurance, annuity, and supplementary contracts in force for payments
not due, dependent on life, disability or any other contingency or on a term certain (Sec
Statement of Actuarial Liabilities)
Net liability for unadjusted payments due under contracts: — Death losses, $39,824; matured
endowments, $15,637
Dividends left with the Company (arising out of assurance contracts) including interest
accumulations
Received from policyholders in advance: — Premiums, $780.53; interest, $14,292.90
Net dividends to policyholders due and unpaid
Net profits allotted to deferred dividend policies issued on and after January 1, 1911
Provincial, municipal and other taxes due and accrued
Balance of shareholders' surplus account
Medical examiners' fees due and accrued
Commissions to agents due and accrued
Borrowed money
Investment reserve
$ 4,298,458 OC
55,461 00
18,790 14
15,073 43
7,559 71
958 00
10,526 35
30,838 67
1,030 50
244 94
305,000 00
81,599 88
Total Liabilities $ 4, 825, 540 62
SHAREHOLDERS SURPLUS ACCOUNT.
Balance at Dec. 31, 1919
Interest added during 1920
Shareholders' proportion of profits:-
Non-participating account
Participating account
16,365 40
14,133 40
16,959 92
3,379 95
50,838 67
Dividends to shareholders.
Balance Dec. 31, 1920
20,000 00
30,838 67
50,838 67
INCOME.
First Year. Renewal. Single.
Assurance premiums $213,97187 $771,822 22 $ *5,932 80
Less reinsurance premiums paid 8,599 94 40,588 43
Total net premiums $205,37193 $731,233 79 $ 5,932 80
Consideration for supplementary contracts: — Not involving life contingencies
Dividends left with the Company at interest (arising out of assurance contracts).
*Including $2,989.07 single premiums paid by application of assurance dividends.
942,538 52
8,923 00
3,379 48
250
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
The National Life of Canada — Continued.
Interest, dividends and rents: — INCOME — Concluded.
Gross interest or dividends on —
Bonds and debentures (less $10,982.41 paid for accrued interest on bonds
acquired during year) % 196, 740 76
Stocks 10,359 22
Premium notes, policy loans and liens 40,968 71
Total $ 248,068 69
Gross rents for Company's property (including $16,200 for Company's
occupancy of its own buildings) less $7,269.11 for taxes, expenses and
repairs in connection with such properties 12,786 89
Total interest, dividends and rents S 260,855 58
Gross profit on sale or maturity of ledger assets: — Bonds 10,972 38
Total Income $ 1,226,668 96
DISBURSEMENTS.
In respect of assurance contracts: — Death
Death, endowment and disability claims — Claims.
Amount assured $ 225,717 65
Bonus addition
Total , S 225, 717 65
Less received for reinsured 43, 110 05
Matured
Endowments.
$ 94,500 00
400 00
S 94,900 00
2,. 500 00
Disability
Claims.
\ 1,000 00
$ 1,000 00
Nettotal $182,607 60 $ 92,400 00 S 1,000 00
Net surrender values
Net dividends —
In cash % 29,930 20
276,007 60
130,162 45
Left with the company at interest.
Applied as single premiums: —
To purchase bonus addition
To purchase premium reduction.
1,855 99
1,133 08
3,379 48
2,989 07
Total net dividends
In respect of life annuity contracts: — Cash payments to annuitants
Total net disbursements in respect of assurance and annuity contracts. $
Net payments on supplementary contracts: —
Involving life contingencies, .S3,000; not involving life contingencies, $3,975
Net reduction in premiums resulting from application of dividends
Interest or dividends to shareholders
Taxes, licenses and fees (including taxes on investments but excluding taxes on real estate). .
Head office expenses: — Salaries, $66,008.71; directors' fees, $12,650; auditors' fees, $1,250;
travelling expenses, $1,015; rents, .?16,200
Branch office and agency expenses: — Assurance commissions — first year, $161,754.26;
renewal, .?22,.594..59; advanced to agents, .1863.41; salaries, $18,630.52; travelling
expenses, $10,082.47; rents and cashiers' salaries, etc., $20,654.75
AH other expenses: — Advertising, $8,212.72; express, telegrams and telephones, $2,940.67;
legal fees, $4,604.13; medical fees, $16,167.15; office furniture, $7,236.84; postage,
$3,084.11; printing and stationery, $4,471.05; exchange, $1,0.54.72; guarantee bond
premiums, $583.83; investment expenses (commissions), $.58.78; general expenses,
$5,963.99
36,298 75
35 36
442,504 16
6,975 00
238 47
20,000 00
15,530 54
97.183 71
234,. 580 00
54,377 99
Total Disbursements $ 871,389 87
EXHIBIT OF ANNUITIES.
Arising out of Life Assurance
Contracts.
Totals.
Classification.
Involving Life
Contingencies.
Not involving
Life
Contingencies.
No.
Annual
Payment.
No.
Annual
Payment.
No.
Annual
Payment.
At end of 1919
4
$ cts.
3,035 36
9
2
$ cts.
3,375 00
600 00
13
2
$ cts.
6,410 36
New issued
600 00
At end of 1920
4
3,035 36
11
3,975 00
15
7,010 36
LIFE INSURANCE COMPANIES
251
SESSIONAL PAPER No. 8
The National Life of Canada — Continued.
EXHIBIT OF POLICIES.
(For policies herein included involving disability benefits see Abstract.)
Classification.
Whole Life.
Endowment
Assurances.
Term and
Other.
Bonus
Additions.
Totals.
No.
Amount.
No.
Amount.
No.
Amount.
No.
Amount.
At end of 1919
11,062
2,438
48
$
23,091,304
6,218,114
127,953
163,367
125,194
2,020
372
2
"'"20
$
2,841,692
569,500
3,000
7,256
49,274
259
64
1
3
$
868,981
227,500
1,000
500
7,125
$ cts.
4,207 35
3,567 50
13,341
2,874
51
? cts.
26,806,184 35
7,018,681 50
131,953 00
171,123 00
51
74
181,593 00
Totals
13,599
29,725,932
2,414
3,470,722
327
1,105,106
7,774 85
16,340
34,309,534 85
Less ceased by:—
Death
81
201,001
20
70
.36,500
102,235
1
1,000
■'■■400 00
4600
102
70
21
273
886
238,501 00
Maturity . . . •
102,635 00
21
72,005
72,005 00
250
782
466,757
1,854,346
82,198
187,837
47,227
23
84
"u
13
33,500
111,000
6,350
22,500
18,000
500,303 00
20
2
47
63,500
243
75,000
121,500
2,028,846 00
88,791 00
51
14
67
74
285,337 00
186,727 00
Total ceased
1,178
2,839,366
224
330,085
91
333,248
446 00
1,493
3,503,145 00
At end of 1920
12,421,
26,886,566
2,190
3,140,637
236
771,858
7,328 85
14,847
30,806,389 85
1,638,320
114,397
188,634
1,941,351 00
MISCELLANEOUS.
New policies issued and paid for in cash: — Number, 2,471; gross amount, $6,063,697;
reinsured in other licensed companies, $429,905.
Claims reinsured: — Death claims, $44,881; matured endowments, $2,500.
Total amount in force divided as to dividend plan: — Quinquennial, $10,030,012.45; deferred,
$15,509,024.40; non-participating, $5,267,353.
Total
STATEMENT OF ACTLARIAL LIABILITIES.
Assurance Section.
$30,806,389 85
Class of Contract.
Gross in Force.
Reinsured in Companies
licensed in Canada.
Number.
Amount.
Reserve.
Amount.
Reserve.
Ordinary with Profits —
Life
11,041
1,914
27
$ cts.
22,859,415 00
2,617,793 00
54,500 00
7,328 85
(69,000 00)
$
2,646,519
880,080
1,661
3,716
911
2,617
$
954,888
90,437
5,000
' $
69,752
Endowment Assurance
23,681
65
Bonus Addition
Premium Reduction ...
Disability Premiums
Totals
12,982
25,539,036 85
3,535,504
1,050,325
93,498
Ordinary without Profits —
Life
1,380
276
209
4,027,151 00
522,844 00
717,358 00
805,302
135,302
6,620
3,900
40
683,432
23,960
183,634
71,243
Endowment Assurance
2,028
Term, etc
1,191
Reserve for Policies with Premiums
below net
Disability Reserve
Totals
1,865
5,267,353 00
951,164
891,026
74,462
Grand Totals
14,847
30,806,389 85
4,480,668
1,941,351
167,960
252
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
The National Life of Canada — Continued.
STATEMENT OF ACTUARIAL LIABILITIES— ConcZu<fe<i.
Annuity Section.
Class of Annuity.
With Profits —
Supplementary contracts: —
Involving life contingencies. .. . .
Not involving life contingencies
Totals
Without Profits —
Supplementary contracts; —
Involving life contingencies. .. . .
Not involving life contingencies
Totals
Grand Totals
Gross in Force.
Number.
10
15
Annual
Payment.
$ cts.
35 36
3,375 00
3,410 36
3,000 00
600 00
3,600 00
7,010 36
Reserve.
408
41,618
42,026
54,655
7,455
62,110
104, 136
SUMMARY OF RESERVE.
With Profits. Without Profits. Total.
Total reserve, policy and annuity contracts $ 3,577,530 ? 1,013,274 $ 4,590,804
Total reserve on reinsured contracts 93,498 74,462 167,960
Total net reserve on the Company's (statutory) basis of
valuation $ 3,484,0.32 $ 938,812 $ 4,422,844
Deduction made therefrom (being the full deduction
permitted under Section 43 (3), Insurance Act, 1917).. 114,376 10,010 124,386
Net reser\^e carried in the liabilities $ 3,369,656 $ 928,802 $ 4,298,458
MISCELLANEOUS STATEMENT.
I. The calculation of the "Reserve'" in the "Statement of Actuarial Liabilities" —
(1) Assurances were valued according to the full net level premium method of valuation, tables of
mid-year Policy values being used. For the purpose of valuation the Policies have been grouped according
to plan, year of issue and age at entry. The age at entry for valuation purposes is the same as the age
used in determining the Premium. The valuation of policies was based upon the British Offices Om (5)
table of Mortality with interest at ^ per cent for participating Policies and the Hm Tables of Mortality
with interest at 3^ per cent for Non-participatirg Policies. There is cnly ore annuity and it was valued
at age last birthday at date of Valuation. The Table used was the British Offices' Select Life Annuity
Table, 1893, with interest at 3| per cent.
Special Classes —
(a) Policies issued on lives resident in tropical or sub-tropical countries at rates of premium greater
than the regular Canadian rates have a reserve respectively 1| times and IJ times the ordinary
Om (5) Reserve A'alues. If rates are same as regular rates then the usual reserve is used.
(b) Policies issued at premiums corresponding to ages higher than the true age were valued at the
rated up age.
(c) Policies issued subject to liens were valued for full amount of insurance.
Id) Policies issued at a fixed extra premium were valued as though issued at ordinary rates.
(e) Policies issued in anj' other way to substandard lives were valued as though issued on regular
plan.
(/) On policies providing for disability benefits an extra reserve was held as follows:
(1) Before occurrence of disability:^ —
(a) Where the benefit was the waiver of premiums only, no extra reserve was held.
(b) Where the benefit was the waiver of premiums and an annuity during disability — without
reduction of sum assured, if disability occurs before age 60, an extra reserve was held equal
to 50 per cent of the disability premiums.
(2) After occurrence of disability: —
(a) Where the benefit is waiver of premiums only — Policy is valued as a paid-up contract.
(g) No annuities have been issued to lives classed as under-average.
(2) Items of Special Reserve —
(o) No extra reserve is held under limited and single premium policies on account of prepaid or limited
loadings.
LIFE INSURANCE COMPANIES
253
SESSIONAL PAPER No. 8
The National Life of Canada — Continued.
MISCELLANEOUS STATEMENT— CowcZwdei.
(b) The difference between the guaranteed surrender value and the net premium reserve is treated
as a pure endowment, and a sufficient additional reserve is maintained to provide therefor.
(c) No reserve is held to cover the option of reinstatement under lapsed policies not continued in
force under Automatic Non-forfeiture provisions.
(d) No extra reserve is maintained to cover the option of renewal under renewable term policies.
(e) An extra reserve of $2 per thousand per year is maintained to cover the option of renewal at the
end of five years under Five Year Combined Option Policies which are renewable on life and
endowment plans at the attained age at date of conversion.
II. Cash Surrender Value, Paid-up Insurance, Extended Term Insurance and Automatic Non-forfeiture
in respect of "special class" policies are the same as for ordinary policies except as follows: —
(b) Under policies issued at ages higher than the true age, the values are those corresponding to the
rated up age.
III. The average rate of interest earned during the year, on the mean net ledger assets was 5-79 per cent.
IV. The Distribution of Surplus —
(a) The Policy-holders receive 90% of the surplus earned on participating policies, and the shareholders
10%. The Shareholders are entitled to the full surplus derived from the Non-participating
Policies.
(6) For Quinquennial dividend policies a two-factor contribution method has been adopted, using
(1) excess interest earned upon the reserve value of the Policy of 1% for the first Policy year and
li% for subsequent years, and (2) the balance of loading, after deducting an expense charge
varying from 12%< to 175% (according to age) on the life plans, and on the twenty year endowment
plan an expense charge of 141% for all ages, for the second and subsequent policy years. The
surplus at the credit of the policy at the beginning of the year was accumulated during the year
at a rate of interest of 5%.
For Deferred Dividend policies the dividends were computed by a modified "asset share" method,
by which a certain percentage of the premium was deducted for expenses, the percentage varying
with the plan and except for endowments of specified terms, with the age also. On the Ordinary
Life plan the percentage decreased from 32 per cent at age 20, to 27 per cent at age 55. For Limited
Payment Life policies the percentage was taken constant for all ages, being 21i%i for Ten Payment
Life, 22% for Fifteen Payment Life and 26% for Twenty Payment Life. In the case of
Endowment Policies 16% was used for Ten Year Endowments at all ages; for Fifteen Year
Endowment the expense charge varied from 20% at age twenty to 2H% at age fifty-five, and
for Twenty Year Endowment the rate varied from 25% at age twenty to 26% at age fifty-five.
The Mortality allowed in every case was 80 per cent of the Om (5) Tables, for ages 20 to 50
inclusive, and an increase of 1% for each age up to 90 per cent at age 60 and over. Interest was
computed at 5 per cent throughout. A Valuation of the Deferred Dividend Policies was then
made on the basis of these "Standard Asset Shares", the total compared with the actual funds
at the credit of the Policies, and by this means the fund at the credit of individual policies was
ascertained.
In the case of Five Year Dividend and Deferred Dividend Policies, the bonus addition is the amount
of paid-up insurance which the cash profits will purchase according to the Hm 31% Tables of net
premiums and the temporary reduction of Five Year Dividend policies is the annuity which
the cash profits will purchase according to the Om (5) Table with 3% interest.
DEFERRED DIVIDEND POLICIES.
Issued prior to January 1, 1911, and Amount of Profits contingently apportioned thereto.
Year
of
Issue.
1899..
1900..
1901..
1902..
1903..
1904..
1905. .
Total Net
Amount
in Force.
{ 52,205
131,7.30
282,910
281,250
255,735
242,7.30
204,343
Profits
Contingently
Apportioned.
$ 622
688
25,077
10,049
8,127
6,180
4,001
Year
of
Issue.
1906..
1907..
1908..
1909..
1910..
Total Net
Profits
Amount
Contingently
in Force.
Apportioned .
5 260,762
$ 5, 103
360, 053
6,002
373,282
4,621
487, 137
4,800
817,012
4,872
Totals $ 3,749,149
80, 142
Issued on and after January 1, 1911, and Amount of Profits credited thereto.
Year
of
Issue.
1911..
1912..
1913..
1914..
1915..
Total Net Profits
Amount Credited,
in Force.
$ 656,170 $ 705
719,854 1.58
724,825 95
590,522
895,455 Nil.
1916 1,165,034 Nil.
Year
Mi
Issue.
1917..
1918..
1919..
1920..
Total Net
Amount
in Force.
$ 1,064,954
9.30,929
1,700,493
3,185,908
Totals $ 11,634,144
Profits
Credited.
Nil.
Nil.
Nil.
Nil.
9.58
254 DEPARTMENT OF ly SI' RANGE
11 GEORGE V, A. 1921
The National Life of Canada — Contimied.
Schedule C.
•Bonds and debentures —
Par value. Book value. Department's
Governments — value.
Canada— Yictory Loan $ 310,650 00 $ 310,639 47 $ 310,644 00
War Loan 1,300 00 1,265 23 1,265 00
Provinces of Canada —
Alberta— Debentures 13,626 65 11,60130 11,499 00
British Columbia— Debentures 5,000 00 3,899 00 3,899 00
Manitoba— Bonds 25,306 66 24,782 10 24,843 00
Debentures 43, 139 99 40, 545 GO 36, 928 00
Registered Stock 14,599 99 10,574 26 10,574 00
New Brunswick— Debentures 11,000 00 10,745 20 10,736 00
Nova Scotia— Debentures 3,893 33 2,918 40 3,076 00
Ontario— Debentures 13,500 00 13,096 25 13,096 00
Prince Edward Island— Debentures 35, 000 00 26, 974 30 26, 974 00
Quebec— Bonds 88,999 97 78,270 60 78,505 00
Saskatchewan— Bonds 10,219,99 9,575 40 9,576 00
Debentures 45,746 65 30,885 30 30,886 00
Registered Stock 60,346 28 42,668 00 43,001 00
Other Governments —
Bermuda— Registered Stock 3,360 00 3,360 00 3,-360 00
Newfoundland— Bonds 30,173 32 19,897 80 19,852 00
Inscribed Stock 17,236 66 14,993 50 14,993 00
United Kingdom of Great Britain and
Ireland— Bonds 20,000 00 20,. 381 30 20,38100
S 753,099 49 S 677,072 41 S 674,088 00
Cities —
A Iberta —
Calgary . S 51,099 97 $ 41,080 40 S 41,225 00
Edmonton 23,983 33 23,379 51 20,676 00
Lethbridge 19,779 11 17,316 80 17,323 00
Four other cities par value for each under
19,900 28,626 26 27,460 93 26,464 00
British Columbia—
Kelowna 11,. 500 00 11,198 70 10,545 00
Nanaimo 9,000 00 8,583 00 8,189 00
Vancouver ' 40,573 29 36,302 68 35,094 00
Victoria 11,733 41 11,519 80 9,122 00
Nine other cities par value for each not
exceeding S6,700 36,550 40 38,06130 32,766 00
Manitoba —
Brandon 28,002 75 25,805 50 25,4.35 00
Portage ia Prairie 21,406 02 20,109 32 18,5.59 00
St. Boniface 1,878 80 1,65140 1,729 00
Winnipeg 115,143 91 92,973 87 90,365 00
New Brunswick —
Fredericton 2, 500 00 2, 500 00 2, 025 00
Moncton 15,000 00 14,317 30 12,717 00
St. John 9,733 33 7,586 10 7,586 00
Nova Scotia —
Halifax 17,000 00 13,435 10 13,294 00
Sydney 17,000 00 14,475 40 13,83100
Ontario —
Brantford 42 .504 60 37, 688 50 37,857 00
Chatham..'.'.'.' 14,324 44 14,409 19 14,216 00
Fort William 15,460 00 12,470 25 12.11100
Gait 16,269 43 15,146 48 14,936 00
Guelp'li 19,084 19 17,68170 17,444 00
Hamilton 24,866 66 22,006 10 22,006 00
Kitchener 15,57126 15,025 81 16,107 00
London 32,000 00 27,743 20 27,567 00
NiagaraFalls 14,140 96 13,465 27 13,233 00
Ottawa 59,172 36 52,195 58 53,303 00
Peterborough 23,113 49 20,034 70 19,894 00
Port Arthur 20, 088 87 18, 395 20 17, 606 00
St. Catharines 30,192 46 28,967 20 28,615 00
Sault Ste. Marie 13,722 00 13,398 70 13,277 00
Stratford 11,810 00 11,202 00 10,990 00
Toronto 118,27139 105,543 13 105,140 00
Windsor 25,434 23 23,636 50 23,637 00
Five other cities par value for each not
exceeding $9,000 32,003 77 30,390 94 30,22^00
♦Of which are on deposit with Receiver General:— Province of Manitoba, ?25,000; City of Quebec,
$4,866.67; City of St. Henri, 830,000.
LIFE INSURANCE COMPANIES 255
SESSIONAL PAPER No. 8
The National Life of Canada — Continued.
Schedule C — Continued.
Bonds and debentures — Continued.
Par value. Book value. Department's
CzVies— Cor eluded. value.
Prince Edward Island— ChvLrlottetown $ 1 , 000 00 $ 990 90 $ 920 00
Quebec —
Hull 24,500 00 22,67130 22,602 00
Lachine 11,000 00 9,936 30 9,620 00
Montreal 111,535 33 102,379 93 91,890 00
Quebec 39,526 62 31,955 00 31,862 00
Three Rivers 14,000 00 12,290 50 11,715 00
Three other cities par value for each under
$6,500 12,460 00 11,526 90 11,359 00
Saskatchewan —
Moose Jaw. 33,678 75 29,05183 29,25100
Prince Albert 29,01130 26,213 09 14,505 00
Regina 36, 460 65 32, 632 70 32, 137 00
Saskatoon 20,523 68' 17,057 80 17,058 00
$1,322,849 02 $1,183,923 81 $1,138,032 00
Towns —
Alberta — Thirteen towns, par value for each
under $6,500 $ 40,931 60
British Columbia— Tort Coquitlam 2 , 000 00
Manitoba —
Dauphin 7,600 00
Neepawa. .' 9,968 42
Rivers 6, 390 25
Selkirk 15,917 98
Souris 7,295 90
Transcona 8,000 00
Five other to-wTis par value for each under
$2,400 9, 184 08
New Brunswick — Three towns par value for each
not exceeding $5,000 8,000 00
Nova Scotia —
Glace Bay 7, 500 00
Inverness 9,000 00
New Glasgow 10,000 00
Five other towns par value for each not
exceeding $5,000 15, 500 00
Ontario —
Barrie 7,545 99
Bowmanville 15,700 24
Brampton 11 , 792 85
Bridgeburg 10,752 97
Brussels 7, 500 00
Burlington 7,910 51
Clinton 7,000 00
Eastview 16,019 60
Goderich 11,012 60
Gravenhurst 7, 199 13
Kenora 8,092 60
Lindsav 16,490 58
Midland 17, 563 72
Mimico 17, 065 37
New Liskeard 9,531 71
Oakville 16, 484 88
Orangeville 9, 162 76
Orillia 21 , 578 32
Oshawa 8, 804 27
Palmerston 8,446 96
Parry Sound 10, 613 35
Perth 9, 046 82
Port Colborne 14, 573 41
Port Hope 17,928 32
Renfrew 10, 231 36
Ridgetown 8,840 30
Sandwich 19,398 61
Smith's Falls 8,319 76
Strathroy 8,321 51
Waterloo 9, 105 21
Weston 9,008 96
Whitby 16,245 06
Fifty-nine other towns par value for each not
exceeding $6,800 230, 239 27
$ 40,402 22 $
37,793 00
1,724 20
1,620 00
7,600 00
7,600 00
9,060 48
8,762 00
6, 160 06
6,102 00
16,285 90
14,718 00
6,597 70
6,. 567 00
7,568 00
7,810 00
8,814 59
8,359 00
6,711 60
6,675 00
6,276 20
6,230 00
8,085 60
7,560 00
9,864 00
8,600 00
13,764 70
13,481 00
7,464 86
7,3.55 00
14,5.56 50
15,148 00
11,797 91
11,870 00
9,879 24
9,879 00
7, 179 80
7,180 00
7,. 394 98
7,395 00
6,778 50
6, .530 00
15,685 25
15,514 00
10,602 60
10,629 00
7,048 67
6,979 00
7,827 20
7,166 00
16,225 17
15,675 00
16,544 80
16,432 00
16,845 85
16,735 00
9,399 81
9,265 00
16,348 24
16,364 00
8,990 60
8,. 571 00
20,. 570 49
19,742 00
8,799 06
9,009 00
8,1.54 30
8,183 00
10,425 10
10,428 00
8,699 73
8,233 00
13,693 40
13,610 00
17,394 15
16,950 00
10,043 10
9,913 00
8,689 19
8,179 00
18,590 48
18,591 00
7,904 60
7,844 00
7,957 00
7,941 00
8,717 00
8,923 00
8,926 52
9,374 00
16,106 04
16,599 00
224,769 24
220,913 00
256 DEPAKTMEXT OF IXSURANCE
11 GEORGE V, A. 1921
The National Life of Canada — Continiied.
Schedule C — Continued.
Bonds and debentures — Continued.
Towns — Concluded. Par value. Book value. Department's
Quebec — value.
Hampstead $ 10,000 00 S 9,294 20 $ 9,294 00
St. Lambert 10,000 00 9,698 60 9,84.3 00
Verdun 16,000 00 16,07110 1.5,074 00
Ten other towns, par value for each not
exceeding $6,000 42,000 00 39,020.30 .39,700 00
Saskatcheivan —
North Battleford 7,946 66 8,019 20 7,230 00
Swift Current 10,000 00 8,486 00 8,400 00
Eight other towns, par value for each not
exceeding $5,000 .30,. 341 24 29,024 60 28,087 00
$ 891,103 13 S 858,5.38 63 S 842,624 00
Villages —
Ontario —
Elmira •. $ 5,76197 S 5,819 02 $ 5,855 00
Fergus 5,623 85 5,297 40 5.287 00
FortErie 6,440 44 6,09130 6,217 00
New Toronto 7,087 20 6,-346 10 6,434 00
Norwich 6,165.54 6,165.54 5,857 00
Stirling 5,662 96 5,462 90 5,4.34 00
Thamesville 5,023 11 4.763 60 4,764 00
Tweed 5,663 90 5,663 90 5,664 00
Twenty-seven other villages par value for
each under $5,000 70, 741 80 69, 553 50 68, 668 00
Quebec — -
Huntingdon 733 40 733 40 652 00
Ste. Agathe des Monts 8,000 00 7,368 50 7,380 00
St. Michel de Laval 6,000 00 6,000 00 6,060 00
Saskatchewan— Three villages, par value for
each under $1,300 1,614 31 1,60141 1,589 00
$ 134,518 48 $ 130,866 57 $ 129,861 00
Townships, Districts or Municipalities — ■
Briti.-ih Columbia—
Burnaby $ 19,466 66 $ 15,1.50 60 $ 16,742 00
Esquimalt 10,000 00 8,465 00 8,200 00
Richmond 17,-500 00 14,253 40 13.705 00
Saanich 12,000 00 11,150 70 11,220 00
South Vancouver 15,000 00 15,267 00 12,8-50 00
Summerland 8,000 00 6,88160 6,88100
Five other districts, par value for each not
exceeding $6,000 25,800 00 25,619 50 23,150 00
Manitoba —
Assiniboia 11,483 29 10,463 89 10,504 00
Ea.st Kildonan 10,000 00 9,176 40 9,-395 00
Fort Garry 10,000 00 8,769 70 8,700 00
Gilbert Plains 16,04106 15,643 00 15,643 00
Greater Winnipeg Water District 14, 733 33 12, 994 80 12, 994 00
Macdonald 9,-504 61 8,714 50 8,714 00
Miniota 10,000 00 9,623 10 9,763 00
Minitonas 28,648 65 27,765 40 27.765 00
St. Vital 13,000 00 12,004 20 11,926 00
Swan River 6,524 41 6,303 10 6,303 00
Seven other rural municipalities, par value
for each under .$4,-500 18, 269 66 16, -536 46 16, -554 00
Ontario —
Barton 16,000 00 14,49100 15,285 00
Etobicoke 8, -340 35 8, 340 35 8, 174 00
Oliver 6,498 42 6,498 42 6,718 00
Osnabruck 6,750 85 6,272 60 6,273 00
Scarboro 6,766 17 6,766 17 6,360 00
Toronto 6, 255 09 6, 255 09 6, 2-55 00
York 13,0-56 35 12,63105 12,699 00
Forty six other townships, par value for each
under$4,600 89,923 02 88,934 16 88,528 00
Saskatchewan —
Battle River 6,600 00 6,416 00 6,006 00'
Enfield 5,-500 00 5,634 60 5,280 00
Marriott 5,-500 00 5,500 00 5,170 00
Twelve other rural municipalities, par value
for each under $4,000 25,050 69 24,989 89 24,506 00
$ 452,212 61 $ 427,511 68 $ 422,263 00
LIFE INSURANCE COMPANIES 257
SESSIONAL PAPER No. 8
The National Life of Canada — Continued.
ScHEDTTLE C — Continued.
Bonds and debentures — Continued.
Counties — Par value. Book value. Department's
New Brunswick — value.
Gloucester % 5,000 00 $ 5,000 00 % 4,650 00
Northumberland 2,500 00 2,482 50 2,482 00
Nova Scotia —
Pictou 5,000 00 4,718 80 4,719 00
Shelburne 6,000 00 6,000 00 5,580 00
Ontdvio —
Bruce 14,224 25 13,455 20 13,455 00
Carleton 8,007 31 7,624 00 7,624 00
Huron 10,000 00 8,683 40 8,683 00
Lincoln 10,000 00 9,977 50 9,977 00
Oxford 8,8.57 56 7,908 76 7,908 00
Peel 6,928 43 6,250 50 6,250 00
Prescott and Russell 14,000 00 14,298 30 14,298 00
Eight other counties, par value for each under
$5.400 35,099 59 33,590 52 33,475 00
$125,617 14 $119,989 48 $119,10100
Schools —
Alberta — Six schools, par value for each under
$6,000 $ 16,043 18 $ 14,687 77 $ 14,664 00
Manitoba —
St. James 13,000 00 12,467 45 12,468 00
Winnipeg 15,000 00 12,060 00 12,900 00
Twenty-five other schools, par value for each
not exceeding $6,000 44,752 80 43,714 08 41,984 00
New Brunswick— Sussex 1,000 00 97120 840 00
Ontario —
Toronto, R.C 10,000 00 9,668 00 9,668 00
Six other schools, par value for each under
$1,700 6,964.30 6,907 11 6,90100
Guohcc —
Cote des Neiges 10,000 00 10,000 00 10,300 00
Sherbrooke, Protestant 9,000 00 8,61100 8,61100
Eight other schools, par value for each not
exceeding $5,000 37,483 36 35,232 00 35,55100
Saskatchewan —
Moose Jaw, R.C 6,375 00 5,896 30 6,248 00
North Battleford, R.C 5,333 30 5,625 90 5,013 00
Regina 8,000 00 7,885 60 7,886 00
Saskatoon 7,750 00 7,138 50 7,138 00
Saskatoon, R.C 6,562 07 5,903 70 5,904 00
Weyburn 9,775 50 9,48130 9,189 00
Yorkton 5,000 00 4,994 05 4,720 00
Eleven other schools, par value for each not
exceeding $3,500 8,576 64 8,584 38 8,442 00
$ 220,616 15 $ 209,828 34 $ 208,427 00
Railways —
Alberta and Great Waterways Ry., 1st mtge.
(g'teed by Alberta), 1959, 5 p.c $ 10,000 00 $ 8,509 60 $ 8,510 00
Canadian Northern Ry., 1st mtge. (g'teed
by Manitoba), 1930, 4 p.c 9,733 33 8,483 80 8,484 00
Canadian Northern Ry., 1st mtge. (g'teed
by Dom. of Canada), 1958, 3* p.c 9,246 66 6,117 30 6,117 00
Canadian Northern Ry. (g'teed by Dom. of
Canada), 1934, 4 p.c 20,439 98 16,819 80 16,820 00
Canadian Northern Alberta Ry., 1st mtge.
(g'teed by Dora, of Canada), 1960, 3| p.c. 5,781 59 3,785 30 3,785 00
Canadian Northern Ontario Ry., 1st mtge.
(g'teed by Dom. of Canada), 1961, 3§ p.c. 99,765 83 57,413 73 57,414 00
Canadian Northern Western Ry., 1st mtge.
(g'teedby Alberta), 1943, 44 p.c 6,000 00 5,078 50 5,078 00
Edmonton, Dunvegan and British Columbia
Ry., 1st mtge. (g'teed by Alberta), 1944,
44p.c 10,000 00 8,38400 8,400 00
Grand Trunk Pacific Ry., 1st mtge. (g'teed
by Dom. of Canada), 1962, 3 p.c 164,754 00 97,298 70 97,298 00
Grand Trunk Pacific Ry. (g'teed by Dom. of
Canada), 1962, 4 p.c 28,188 00 21,329 90 21,330 00
8—17*
258
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
The National Life of Canada — Continited.
Schedule C — Concluded.
Bonds and debentures — Concluded. Par value. Book value. Department's
Railways — Concluded. value.
Grand Trunk Pacific Ry., 1st mtge. Cg'teed
by Saskatchewan), 1939, 4 p.c $ 28,680 66 % 23,024 60 $ 23,024 00
Lacombe and Blindman Vallev Electric Ry.,
1st mtge. (g'teed by Alberta), 1943, 5 p.c. 5,000 00 5,000 00 4,550 00
Ontario West Shore Electric Ry., 1st mtge.,
1938, 5 p.c—
G'teed by Ashfield 5,000 00 5,306 00 4,700 00
G'teed bv Goderich 3.000 00 2.506 10 2,506 00
G'teed by Huron 5.000 00 5, .306 00 4,700 00
G'teed by Kincardine 5,000 00 4.655 00 4,655 00
Sao Paulo Tramway, Light and Power Co.,
Ltd., 1st mtge, 1929, 5 p.c 10,000 00 7,955 00 7,955 00
Southampton Rv. Co. (g'teed by New
Brunswick), 1942, 4 p.c 20,000 00 14,684 00 14,684 00
$445,590 05 $301,657 33 $300,010 00
Miscellaneoxis —
The Robt. Bell Engine and Thresher Co.
(g'teed by Seaforth), 1941, 5 p.c S 2,000 00 S 2,065 50 S 1,860 00
Hydro Electric Power Comm. of Ontario
fg'teed by Ontario), 1957, 4 p.c 10,000 00 6,957 60 6,957 00
St. John Drvdock and Shipbuilding Co., Ltd.,
1st mtge., 1945, .51 p.c 7,000 00 6, .549 60 6,550 00
Sanderson-Harold Co., Ltd. (g'teed by
Paris), 1924, 41 p.c 2,200 00 2,190 20 2,046 00
Toronto Harbour Commissioners, 1st mtge.
(g'teed by Toronto), 1953, 41 p.c 9,000 00 7,344 90 7,345 00
$ 30,200 00 $ 25,107 80 $ 24,7.58 00
$4,375,806 07 S3,9.34,496 05 $3.8.59,164 00
Schedule D.
Stocks —
No. of
shares
Imperial Bank 568
Royal Bank 195
Dominion Bank 42
Bank of Toronto 60
Bank of Montreal 50
Consumers Gas Co., Toronto 165
Par value. Book value.
56,800 00
19,500 00
4,200 00
6,000 00
5,000 00
8,2.50 00
$ 125,974 50
40,095 00
10,148 00
13,517 50
9,500 00
16.403 33
Department's
value.
S 106,784 00
.37,8.30 00
8,064 00
10,920 00
9,800 00
10,972 50
$ 99,750 00 $ 215,638 33 $ 184,370 50
Schedule E.
Cash in banks —
Royal Bank, Toronto S 21,229 83
Imperial Bank, Toronto 19, 925 70
Bank of Bermuda, Hamilton, Bermuda 6,074 14
S 47,229 67
ASSETS OUT OF CANADA.
Ledger Assets.
Amount secured by the Company's policies in force, the reserve on each policy being in
excess of all indebtedness: —
Loans to policyholders •_ $ 1 , 322 60
Advances to policyholders under automatic non-forfeiture provisions 700 22
Book value of bonds, debentures and debenture stocks o-wned by the Company (Bermuda —
Reg'd Stock, par and department's value, $3,360)
Cash in Bank of Bermuda, Hamilton, Bermuda
Total Ledger Assets out of Canada $
2,022 82
3,360 00
6,074 14
11,456 96
LIFE INSURANCE COMPANIES
SESSIONAL PAPER No. 8
The National Life of Canada — Concluded.
ASSETS OUT OF CANADA— Concluded.
Non-Ledger Assets.
Interest due
Gross premiums, less reinsured: —
Due and uncollected
Deferred
First Year. Renewal.
$ 627 95 $ 792 72
259
20 60
80 40
582 30
Total
Deduct commission and estimated loss in collection.
Net premiums due and uncollected, and deferred
708 35
425 01
1,375 02
27 50
283 34 $ 1,347 52
1,630 86
Total Non- Ledger Assets out of Canada.
1,651 46
Total Assets out of Canada S 13, 108 42
LIABILITIES OUT OF CANADA. '
Net liability under assurance, annuity, and supplementary contracts in force for payments
not due, dependent on life, disability or any other contingency or on a term certain. . . .$ 48, 183 00
Net liability for unadjusted payments due under contracts: — Death losses 1,500 00
Received from policyholders in advance: — Interest 60 68
Medical examiners' fees due and accrued 65 00
Total Liabilities out of Canada.
.$ 49,808 68
PREMIUM INCOME AND ANNUITY CONSIDERATION OUT OF CANADA.
First Year. Renewal.
Assurance premiums $ 1,993 23 $ 9,376 23
Less reinsurance premiums paid 663 90
Total net premiums $ 1,993 23 $ 8,712 33
-$ 10,705 56
DISBURSEMENTS IN RESPECT OF ASSURANCE AND ANNUITY CONTRACTS OUT
OF CANADA.
In respect of assurance contracts: —
Death claims — Amount assured $ 2,000 00
Net surrender values 33 00
Total net disbursements in respect of assurance contracts out of
Canada J
EXHIBIT OF POLICIES. (Out of Canada.)
2,033 00
Classification.
Whole Life.
Endowment
Assurances.
Term and
Other.
Totals.
No.
Amount.
No.
Amount.
No.
Amount.
No.
Amount.
At end of 1919
192
37
1
198,200
.57,500
1,000
30
3
$
36,000
6,000
$
222
41
1
1
$
2.34,200
New issued
1
1,000
64 500
Old revived
1,000
Transferred to
1
500
500
Totals
230
256, 700
34
42,500
1
1,000
265
300,200
Less ceased by: —
Death
2
1
1
2
2,000
250
1,000
6,000
2
1
2
4
2,000
Surrender
250
Decreased
1
2
1,000
1,000
2,000
Transferred from
7,000
Total ceased
6
9,250
3
2,000
9
11,250
At end of 1920
224
247,450
31
40,500
1
1,000
256
288,950
Reinsured
6,000
6,000
MISCELLANEOUS.
New policies issued and paid for in cash: — Number, 40; gross and net amount, $58,500.
Total amount in force divided as to dividend plan: — Quinquennial $4,000; deferred,
$283,450; non-particiT-ating, $1,500.
Total S
288,950
260
DEPARTMENT OF INSURANCE
11 GEORGE V, A. ,921
NATIONAL LIFE INSURANCE COMPANY OF THE UNITED STATES OF AMERICA
Statement for the Year ending December 31, 1920.
President, A. M. Johnson — Secretary, Robert D. Lat — Actuary, E. R. Carter — Principal
Office, Chicago, Illinois — Chief Agent in Canada, Paul Powis — Head Office in Canada,
Hamilton, Ont.
(Organized 1868. Incorporated July 25, 1868 under an act of Congress. Reincorporated under the laws of
Illinois, March 3, 1904. Commenced business in Canada, June 11, 1869).
CAPITAL STOCK.
Authorized, subscribed and paid in cash $ 500,000 00
ASSETS IN CANADA.
Ledger Assets.
Held solely for the Protection of Canadian Policyholders.
Market value of bonds, debentures and debenture stocks owTied by the Company, on deposit
with the Receiver General (Winnipeg School, par value, S60,000) % 49, 000 00
Non-Ledger Assets.
Interest accrued on bonds and debentures 633 33
Gross renewal premiums, less reinsured — Deferred 31 43
Total Assets in Canada $ 49, 664 76
LIABILITIES IN CANADA.
Net liability under assurance, annuity, and supplementary contracts in force for payments
not due, dependent on life, disability or any other contingency or on a term certain
(Actuaries', 4 p.c.) $ 17,026 00
INCOME IN CANADA.
Assurance premiums, renewal $ 126 78
DISBURSEMENTS IN CANADA.
In respect of assurance contracts: —
Death claims — amount assured $ 2,637 00
Net surrender values 169 72
Total net disbursements in respect of assurance contracts $ 2,806 72
Taxes, licenses and fees (including taxes on investments but excluding taxes on real estate) . . 35 00
Total Disbursements in Canada S 2,841 72
EXHIBIT OF POLICIES.
Classification.
Whole Life.
No.
Amount.
At end of 1919
42
$
25.257
Less ceased by: —
Death
4
1
2,637
300
Total ceased . .
5
2,937
At end of 1920
37
22,320
LIFE INSURANCE COMPANIES 261
SESSIONAL PAPER No. 8
NEW YORK LIFE INSURANCE COMPANY.
Statement for the Year ending December 31, 1920.
President, Darwin P. Kingsley — Secretaries, Seymour M. Ballard, Frederick M. Corse,
Wilbur H. Pierron— Chief Actuary, Arthur Hunter — Principal Office, 346 Broadway,
New York, N.Y. — Chief Agent in Canada, Percy V. Raven — Head Office in Canada,
Montreal Trust Bldg., Montreal — Trustees. Royal Trust Co., Montreal.
(Organized and incorporated, 1841. Commenced business in Canada, 1868.)
NO CAPITAL STOCK.
ASSETS IN CANADA.
Ledger Assets.
Held solely for the Protection of Canadian Policyholders.
Mortgage loans on real estate held by trustees, first liens $ 4,234,207 62
Department's value of bonds and debentures owned by the Company {For details see
Schedule C): —
On deposit with the Receiver General, $12,675,067.34; held by trustees, $345,984.80 13,021,052 14
Other Ledger Assets.
Amount secured by the Company's policies in force, the reserve on each policy being in
excess of all indebtedness: —
Loans to policyholders $ 3,373,973 71
Premium obligations 139, 551 03
3,513,524 74
Cash:— At branch offices, $9,562.49; in banks, $466,933.55 (For details see Schedule E) 476,496 04
Total Ledger Assets $21,245, 280 54
Non-Ledger Assets.
Interest on— Due. Accrued.
Mortgages $ 6,292 83 $ 55,51104
Bonds and debentures 3,330 00 15f, 716 88
Premium notes, policy loans and liens 27,429 50
Total interest $ 9, 622 83 $ 234, 657 42
Gross premiums, less reinsured: — First Year. Renewal
Due and uncollected $ 8, 115 95 $ 220,027 65
Deferred 32,498 00 109,963 00
$ 244,280 25
Total $ 40,613 95 $ 329,990 65
Deduct commissions and estimated loss in collection 10, 153 49 82,497 66
Net premiums due and uncollected, and deferred $ 30,460 46 $ 247,492 99
277,953 45
Total Non-Ledger Assets $ 522, 233 70
Total Assets in Canada $21,767,514 24
262 DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
New York Life — Continued.
LIABILITIES IX CANADA.
Net liability under assurance, annuity, and supplementary contracts in force for payments
not due, dependent on life, disability or any other contingency or on a term certain (See
Statement of Actuarial Liabilities) $19,630,335 00
Net liability for payments due under contracts: —
Death Matured Annuity Disability
Losses. Endowments. Claims. Claims
Adjusted but unpaid i 4,658 94 $ 158 84
Unadjusted $119,864 79 $ 5,056 00
Resisted— in suit 19,796 64
Totals $139,66143 $ 4,658 94 $ 158 84 $ 5,0.56 00
149,535 21
Amounts left w-ith the Company (arising out of assurance contracts) including interest
accumulations: —
Dividends, $204,078; amounts assured, $20,627.77 224,705 77
Received from policyholders in advance:— Premiums, $17,970.24; interest, $60,159.88 78, 130 12
Net dividends to policyholders due and unpaid 9, 888 56
Dividends declared on or apportioned to policies payable in the year following the date
of account 957, 2.34 00
Provincial, municipal and other taxes due and accrued 72, 608 76
Salaries, rents and office expenses, due and accrued 707 80
Medical examiners' fees due and accrued 1 , 522 50
Commissions to agents due and accrued 2, 357 94
All other liabilities due and accrued: — Suspended remittances and outstanding checks,
$873.97; due to agents, $439.79 1,313 76
Total Liabilities in Canada $21, 128,339 42
INCOME IN CANADA.
First Year. Renewal. Single.
Assurance premiums $ 808,55199 $3,284,424 30 $ *78,800 00
Less reinsurance premiums paid 1 , 977 50
Total net premiums $ 806,574 49 $ 3,284,424 30 $ 78,800 00$ 4,169,798 79
Consideration for annuities $ 715 14 $ 1,472 50 $ t387 28 2,574 92
Total net premium income and consideration for annuities $4, 172,373 71
Consideration for supplementary contracts:—
Involving life contingencies, $20; not involving life contingencies, $18,724 18,744 00
Amounts left with the Company at interest (arising out of assurance contracts): —
Dividends, $101,665; amounts assured, $8,867 110,532 00
Gro.ss interest or dividends on- —
Mortgages $ 272,496 77
Bonds and debentures 637,652 32
Premium notes, policy loans and liens 171,835 33
Other assets 6, 315 43
1,088,299 85
Advances made to agents in previous years and recovered during the year 153,613 75
Income from all other sources: — Exchange, $26,048.29; salaries or compensation, other than
commissions paid soliciting agents, refunded, $52.77 26, 101 06
Total Income in Canada $ 5, 569, 664 37
DISBURSEMENTS IN CANADA.
In respect of assurance contracts:— Death Matured Disability
Death, endowment and disability claims — Claims. Endowments. Claims.
Amount assured $969,566 66 $420,322 00 $ 4,7.50 00
Bonus addition 10,998 14 4100
Total $980,564 80 $420,363 00 $ 4,7.50 00 $1,405,677 80
Net surrender values 455, 627 82
Net dividends —
In cash $ 692,031 04
Left with the company at interest 101 , 665 00
Applied as single premiums: —
To purchase bonus addition $ 71,281 00
To shorten the endowment or premium period 7,519 00
To purchase a life income 369 00 79,169 00
Total net dividends 872,865 04
In respect of life annuity contracts: — Cash payments to annuitants 3,558 59
Total net disbursements in respect of assurance and annuity contracts. .$ 2,737,729 25
*Paid by application of a.ssurance dividends.
tincluding $.369 assurance dividends applied to purchase a life income.
SESSIONAL PAPER No. 8
LIFE INSURANCE COMPANIES
New York Life — Continued,
DISBURSEMENTS IN CANADA— Concluded.
Net payments on supplementary contracts: —
Involving life contingencies, $4,067.77; not involving life contingencies, $7,138.11 $
Amounts left with the company and interest accumulations withdrawn: —
Dividends, $17,900; amounts assured, $5,913.86
Taxes, licenses and fees (including taxes on investments but excluding taxes on real estate). .
Branch office and agency expenses: — Assurance commissions — first year, $407,847.43;
renewal, $148,289.09; Annuity commissions — first year, $381.96; renewal, $75.72;
advanced to agents, $152,943.87; .salaries, $63,169.84; travelling expenses, $14,376.70-
rents, $15,986.79
All^other expenses: — Advertising, $622.97; express, telegrams and telephones, $2,293 14-
legal fees, $1,652.86; medical fees, $33,169.01; office furniture, $1,810.38; postage,'
$8,043.13; printing, stationery and bookbinding, $3,946.06; bank exchange and commis-
sion, $2,949.22; inspection fees, $9,077.96; miscellaneous, $7,453.06
263
11,205 88
23,813 86
70,756 31
803,071 40
Total Disbursemeots in Canada.
71,017 79
.$ 3,717,594 49
EXHIBIT OF ANNUITIES.
T ifo
Arising out of Life Assurance Contracts.
Classification.
Annuities
Proper.
Involving
Life
Contingencies.
Not involving
Life
Contingencies.
Disability
Annuities.
Totals.
No.
Annual
Payment .
No.
Annual
Payment .
No.
Annual
Payment .
No.
Annual
Payment .
No.
Annual
Payment .
At end of 1919
64
9
$
33,802
9,960
77
3
$
4,588
1,279
12
2
$
7,379
414
13
4
$
7,509
3,366
166
18
$
53,278
15,019
New issued
Totals
73
43,762
80
5,867
14
7,793
17
10,875
184
68,297
Less ceased by: —
Lapse
4
3,000
7
118
11
5
3 118
Decrease
59
3,667
59
3,667
Transferred from disabi-
lity
5
Total ceased
4
3,000
7
118
5
3,726
16
6,844
At end of 1920
69
40, 762
73 5.749
14
7.793
12
7,149
168
61,453
EXHIBIT OF POLICIES.
(For policies herein included involving disability benefits see Abstract.
Whole Life.
Endowment
Assurances.
Term and
Other.
Bonus
Additions.
Totals
No.
Amount.
No.
Amount.
No.
Amount.
No.
Amount.
At end of 1919
New issued
40,503
7,295
103
5
$
85,631,023
20,076,500
193,600
20,700
24,187
141,000
7,. 599
1,147
22
$
11,179.003
2,106,-300
30,000
1,671
45
8
$
3,4.59,090
301,100
37,503
$
525,000
79,175
309
49,773
8,487
133
5
$
100,794,116
22,563,075
261,412
20,700
81,4.34
887, 100
Old revived
Recovered from dis-
ability
Old increased
""51
23,200
42,500
"414
34,047
703,600
Transferred to
62
527
Totals
47,968
106,087,010
8,819
13.381,003
2,138
4,535,340
604,484
58,925
124,607,8.37
Less ceased by: —
Death
350
800,300
64
271
94,000
421,000
6
20,928
10,998
41
420
271
275
4
600
2,0.30
926,226
421,041
557,703
8,000
1,222,492
4,764,741
294,577
887 100
Maturity
Expiry
275
557,703
Disability
4
520
1,762
8,000
1,098,020
4,279,600
174,474
666,900
75
235
""86
98,600
320,000
45, 103
122,100
5
33
""78
13,900
165,141
75,000
98, 100
11,972
Lapse
Decrease
Transferred from .
363
527
Total ceased
2,999
7,027,294
731
1,100,803
397
930,772
23,011
4,127
9,081,880
At end of 1920
44,969
99,059,716
8,088
12,280,200
1,741
3,604,568
581,473
54,798
115,525,957
Reinsured
.50.000
50,000
264
DEPARTMENT OF INSURANCE
11 GEORGE V, A. i921
New York Life — Continued.
MISCELLANEOUS.
New policies issued and paid for in cash: — Number, 8,487; gross amount, $22,563,075;
reinsured in other licensed companies, $.50,000.
Total amount in force divided as to divided plan: — Annual, $95,702,637; quinquennial,
$1,245,090; deferred, including policies made paid up and carried as term extension
originally issued as deferred dividend contracts, $18,330,730; non-participating, $247,500.
Total $ 115, 525, 957
DETAILS OF POLICIES ISSUED PRIOR TO 31st MARCH, 1878, AND BONUS ADDITIONS
THEREON.
In force at beginning of year in Canada.
Revived or increased during the year. .
Terminated
In force at date of statement
No.
97
Amount.
$ 167,100
30,100
137,000
Bonus
Additions
thereon.
19,439
390
4,822
15,007
STATEMENT OF ACTUARIAL LIABILITIES.
Assurance ■ Section.
Class of Contract.
Gross in Force.
Reinsured in Companies
licensed in Canada.
Number.
Amount.
Reserve.
Amount.
Reserve.
Ordinary with Profits —
Life
44,892
8,082
1,741
$
98,825,216
12,267,200
3,604,568
581,473
(323,168)
$
14,167,481
4,468,669
134,556
331,060
$
50,000
$
1,250
Endowment Assurance
Term, etc
Bonus Addition
Premium Return Additions included
above
Extra Reserve for Disability Benefits..
74,678
Totals
54,715
115,278,457
19,176,444
50,000
1,250
Ordinary without Profits —
Life
77
6
234,500
13,000
105,568
9,240
Totals
83
247,500
114,808
Grand Totals
54,798
115,525,957
19,291,252
50,000
1,250
Annuity Section.
Gross in Force.
Class of Annuity.
Number.
Annual
Payment.
Reserve.
With Profits —
Disability Annuities
12
$
7,149
$
30,819
Without Profits —
Life Annuities Proper
69
73
14
40,762
5,749
7,793
108,378
Supplementary contracts: —
Involving life contingencies
87,145
Not involving life contingencies
113,991
Totals
156
54,304
309,514
Grand Totals
168
61,453
340,333
LIFE INSURANCE COMPANIES 265
SESSIONAL PAPER No. 8
New York Life — Continued.
SUMMARY OF RESERVE.
With Profits. Without Profits. Total.
Total reserve, policy and annuity contracts $ 19,207,263 $ 424,322 $ 19,631,585
Total reserve on reinsured contracts 1,250 1,250
Total net reserve on the Company's basis of valuation
carried in the liabilities $ 19,206,013 $ 424,322 $ 19,630,335
Net reserve estimated on the statutory basis (without
deduction) $ 18,725,863 $ 413,714 $ 19,139,577
Reserve maintained by the Company in excess of the
statutory reserve 480,150 10,608 490,758
MISCELLANEOUS STATEMENT.
I. The calculation of the "Reserve" in the "Statement of Actuarial Liabilities" —
(1) The reserves on policy and annuity contracts are calculated in groups. The grouping covers the
year of issue, the age at issue, and the plan of insurance in a way that forms groups which are homogeneous.
The age at which the net valuation premium is taken is the age at the nearest birthday at entry for
assurances and the age at the last birthday for annuities. The duration is the number of full years having
elapsed between the year of issue and the year when the reserv'e is computed, plus a half year. The
method of valuation is the same for all classes.
Special Classes —
(a) Policies issued at the "Semi-Tropical " and "Tropical" scales of premium were valued by
hypothetical tables of mortality representing at each age one and one-half times and twice the
American rate of mortality respectively. These tables are known as "Sesqui American" and
"Double American".
(b) Policies issued at premiums corresponding to ages higher than the true ages were valued at the
higher age.
(c) The reserve used on policies providing for payment at death during certain periods of an amount
less than the full amount of insurance, being policies subject to lien is that for a policy with a Uen
equal to the Company's published single premium for life assurance at the insured's age at issue,
such lien decreasing each year by the annual premium paid. The basis of the reserve is the
Double American Mortality Table and 3% interest. No policies wuth lien have been issued by
the Company since December 31, 1906.
(d) For policies issued in 1920 with a single extra premium an extra reserve of one-half the premium
is held. For prior issues the Company does not carry a specific reserv^e, as the additional hazard
is covered by the Contingency Reserve and as the extra hazard generally lasts for one year only.
For policies issued with an annual extra premium one-half the net extra premium for the current
year is reserved. In certain countries, however, including Canada, where a war risk extra is
charged, the excess of the war extra premium over death losses due to warfare is returnable;
the reserv^e carried is such extra premiums less war losses, but not less than one-half the extra
premium for the current year.
(e) Policies issued on sub-standard lives and placed in the Adjustable Accumulation Class are for
the most part valued on the Double American Table of Mortality with 3% interest. A few of
those issued prior to 1904 and all policies in the Intermediate Accumulation Class are valued
on the Sesqui American Table of Mortality with 3% interest.
(/) Under policies providing for disability benefits (waiver of premium and other benefits), the
benefits are valued before the occurrence of disability at the standard adopted by the Insurance
Department of the State of New York, viz.: "Hunter's Disability Tables" at 3% interest.
After disability the additional liability incurred is valued by the same tables.
(g) The Company charges the same scale of premiums to all annuitants and does not grant special
rates to lives classed as under average.
(2) Items of special resene —
(a) A reserve of $870,000 is carried for future expenses on paid-up annual dividend policies and on single
premium policies. As the basis of the considerations for annuities is 3% interest, the excess of
interest earnings over 3% provides for the expenses after the first year.
(b) The guaranteed benefits do not exceed in value the net premium reser\'e on the basis of valuation
employed.
(c) A reserv^e of $517,943.70 is held on account of policies cancelled, upon which a surrender value or
reinstatement may be demanded as follows: (1) $174,800.70 on account of policies inforeign countries
surrendered for their cash surrender values and awaiting Government action before payment.
(2) $93,143 on account of cancelled policies issued many years ago, where claims may arise on
account of the deaths of the insured. (3) $150,000 on account of lapsed policies which may be
reinstated. (4) $100,000 on account of policies issued in the Baltic States and certain Polish
policies not restored
The amounts under (2) and (3) are based on the Company's experience.
(d) No renewable term policies have been issued since 1909. On policies issued prior a deduction
is made from the dividend to provide for the option of renewal and the amount of such deductions
is carried in the contingency reserve.
(e) The privilege of conversion to higher-priced plans has not been given where selection can be
practised against the Company by poor risks, hence a reserve to cover the option of conversion
is not necessary. .
(/) The Company has also set aside a special reserve of $2,250,000 for net death losses incurred but
unreported; a Security Fluctuation and General Contingency Fund of $47,262,456.96; Annual
Dividend Equalization Funds of $1,969,937, and a reserve of $5,753,193 for Nylic contracts to
cover future payments to agents under certain contracts.
266 DEPARTMENT OF INSURANCE
11 GEORGE V, A. "921
New York Life — Continued.
MISCELLANEOUS STATEMENT— Continued
II. (a) There is substantially no difference between the cash surrender and paid-up values for tropical
and sub-tropical policies and for corresponding insurance uiider domestic policies. Under tropical
policies the term extension values are about one-half and under sub-tropical policies about three-
fourths of the term extension under corresponding domestic policies.
(b) The cash surrender, paid-up, and term extension values under policies issued at premiums
corresponding to ages higher than the true age are calculated at the higher age.
(c) No policies providing for payment at death during certain periods of an amount less than the full
amount of insurance, being policies subject to lien, have been issued by the Company since 1906.
There is substantially no difference between the cash surrender and paid-up values now available
under such polices and those available on corresponding insurance in the standard class.
(d) The cash surrender, paid-up and term extension values on policies issued at, or subsequently
subject to, an extra premium are the same as for similar policies where no extra premium is
charged.
(e) The cash surrender and paid-up values now available on Intermediate Accumulation Policies
and on Adjustable Accumulation Policies without lien do not differ materially from those of
similar policies in the Standard class. The term extension values of Intermediate Accumulation
Policies are about three-fourths and of Adjustable Accumulation Policies without lien about
one-half the term extension of similar policies in the Standard class.
(/) The cash surrender, paid-up and term extension values for policies providing for disability benefits
are the same as for corresponding insurance without disability benefits.
III. The average rate of interest earned during the year on the Company's ledger assets was 4-781%.
IV. The distribution of surplus —
(a) There are no shareholders. The Company is purely mutual.
{b) Synopsis of Methods of Calculating Dividends.
(/) Contribution Annual Dividend Policies.
The Company's rule of apportionment is in accordance with the principles and methods described
in a paper by Rufus W. Weeks, entitled "A Practical Rule for Calculating Annual Dividends", and
published in the Transactions of the Actuarial Society of America. On policies completing their first
insurance year in 1920, no dividend was earned or was apportioned by the Company as payable in 1920. On
policies completing their second or subsecjuent insurance year in 1920, the dividend declared was 90%
of the "Normal Renewal Surplus". The "Normal Renewal Surplus" consists of two parts, (1) the year's
saving from loading, being the excess of the loading over the expense charge for the year (11-25%), increased
by a year's interest, and (2) the year's profit from interest, obtained by applying the excess of the net
effective rate of interest for the year (4-2%) over 3% to the mean reserve.
The Company's experience with Contribution Annual Dividend policies has developed certain minor
sources of surplus in addition to the two main sources included in the regular dividends. These minor
sources of surplus include economy in acquisition expenses combined with surplus arising from discontin-
uances and from favorable mortality.
Extra dividends, payable in 1920, were accordingly declared, as follows: (a) 10% of the premium
at the Domestic Annual Rate on Contribution Annual Dividend Policies, dated 1915, on which five years'
premiums have been paid; (b) $8 per $1,000 of insurance on Contribution Annual Dividend Policies, dated
1910, remaining in force at the end of the 10th policy year, provided that in any country engaged in war
death losses due to war be charged against such extra dividends applicable to policyholders in that
country.
{8) Seven-Year Equalization Policies with Yearly Distribution.
"General" Class Policies.
The annual dividend declared in 1920 was 85% of the "Normal Renewal Surplus" based on an interest
rate of 4 - 2% and a renewal expense ratio of 1 1 - 25%
"Select" Class Policies.
The annual dividend was that of the "General" Class increased by 15% of the net cost of insurance.
At the end of the second seven-year period of both General and Select class policies issued in 1906
an amount corresponding to the foregoing annual dividends declared and paid in 1920 was declared and
•paid in 1920 as additional profits apportioned as a seven-year bonus, based on the accumulated excess
of the surplus earned over the annual dividend declared from year to year during the seven-year period.
(3) Five-Year Dividend Policies.
The dividend declared in 1920 was equal to the annual dividends for each of the five years that would
have been declared had the policies been annual dividend policies accumulated with compound interest
at 4% and with benefit of survivorship.
(4) Fifteen-Year and Twenty-Year Deferred Dividend Period Policies.
The dividends declared in 1920 were the excess of 95-0% of the "Standard Cash Value" of 1920 over
the ca'sh value guaranteed in the policy. The reserve so deducted, under the rule, was at American 3%.
The tables of "Standard Cash Values" were constructed according to the principles and methods
more fully described in a pamphlet published in 1905 and entitled "True Accounting with 'Deferred
Dividends' " by Rufus \V. Weeks. A model account is constructed of an assumed valuation group
LIFE INSURANCE COMPANIES 267
SESSIONAL PAPER No. 8
New York Life — Continued.
MISCELLANEOUS STATEMENT— Concluded.
consisting of 10,000 policies issued at the same age and on the same plan. By applying the mortality
rate and the discontinuance rate for each policy year, the number paying premiums in each year is
ascertained. By applying average expense rates for each policy year the effective premiums received
in the group are ascertained. The effective premiums accumulated to the end of the period represent
the "credits" of the group. The death losses paid and the surrender allowances paid (the latter based
upon average rates of surrender allowance for each policy year) are also accumulated to the end of the
period and represent the "debits". The balance of "credits" over "debits" is divided by the nunaber
of survivors, and the share of each survivor, adjusted in the case of policies that may be continued beyond
the period for the cost of this option, is the "Standard Cash Value".
Methods of Applying Dividends.
An annual dividend may be at the option of the insured,
(a) taken in cash;
(h) applied toward the payment of any premium or premiums;
(c) applied to the purchase of a participating paid-up addition to the sum in.sured on the basis of the
American Table of Mortality, 3% interest, with a loading equal to the value of an annuity of $2
per thousand of paid-up addition.
(d) left to accumulate to the credit of the policy with interest at a rate never less than three per cent
Under Accelerative Endowment policies the insured may elect to apply all dividends to mature
the policy as an endowment at a gradually diminishing age of the insured. The dividends are used for
this purpose on the basis of the American Table of Mortality and 3% interest.
Deferred Dividends may, at the option of the insured, if the policy so provides, be converted into
(a) a reduction of subsequent premiums on the basis of the Company's published table of annuity
rates.
(b) non-participating paid-up insurance on the basis of the American Table of Mortality and 31%
interest.
The Cash Value of bonus additions is the full reserve on the American Table of Mortality and 3%
interest.
(c) All annuity policies issued by the Company are on a non-participating basis.
DEFERRED DIVIDEND POLICIES.
Issued prior to January 1, 1911, and Amount of Profits contingently apportioned thereto.
Year Ti;tal ret Pr fits Year Total net Profits
of Amount Contingently of Amount Contingently
Issue. in Force. Apportioned. Issue in Force. Apportioned
1885 $ 2,000 S 23 1897 $ 86,500 $ 2,714
1886 4,000 183 1898 110, .500 2,494
1887 25,500 1,977 1899 1.51, .500 2,256
1888 49,500 2,225 1900 1.52,400 1,132
1889 23,000 593 1901 1,651,800 401,285
1890 49,500 512 1902 2,273,300 .506,681
1891 68,500 3.293 1903 2,683,400 543,660
1892 152,900 5,438 1904 2,895,600 505,776
1893 101,600 2,929 1905 2,2.30,800 336,922
1894 36,100 643 1906 1,461,300 198,855
1895 42,000 312
1896 46,600 2,067 Totals $14,298,-300 $ 2,521,970
Schedule C.
Bonds and debentures —
On deposit with Receiver General. Par value. Department's
Governments — value.
Conoda— Victory Loan $ 8,968,000 00 $ 8,968,000 00
War Loan 1,000,000 00 918,145 76
Provinces of Canada —
New Brunswick 25,000 00 20,7,50 00
Ontario 50,000 00 42,000 00
Cities —
British Columbia— North Vancouver 100, 000 00 84,000 00
Manitoba— St. Boniface 99, 766 67 93, 780 67
Ontario —
Gait 49,000 00 45,570 00
Guelph 25,000 00 25,275 53
Hamilton 660,000 00 584,400 00
Kingston 90,000 00 91,446 65
Kitchener 29,000 00 28,938 77
London 98,000 00 90,411 25
Ottawa 475,000 00 4.57,0.50 00
St. Thomas 78,000 00 76,014 79
Windsor •. . 51,000 00 50,425 72
Woodstock 24,400 00 24,400 00
268
DEPARTMENT OF INSURANCE
New York Life — Continued.
Schedule C — Concluded.
Bonds and debentures — Concluded.
On denosit with Receiver-General — Concluded. Par value.
Cities — Concluded .
Quebec —
Montreal $ 100, 000 00
Quebec 839,000 00
Town-
Quebec — Maisonneuve 257, 446 66
County —
Ontario— Halton 53, 713 23
11 GEORGE V, A. 1921
Department's
value.
85, 000 00
727,0.30 00
211,106 26
51,321 94
$13,072,326 56 $12,675,067 34
Held by Trustees —
CitieS''^
Ontario— Toronto $ 322,000 00 S 299,460 00
QMcbec— Quebec 6,000 00 5,820 00
Toum—
Quebec— Maisonneuve 49, 640 00 40, 704 80
S 377,640 00 $ 345,984 80
$13,449,966 56 $13,021,052 14
Cash in banks — Schedule E.
Royal Trust Co., Montreal $ 2, 500 00
Bank of Montreal, Calgary 208 37
Bank of Montreal, Montreal 458, 567 36
Bank of Montreal, Montreal (Branch ofl&ce) 1 , 980 48
Bank of Montreal, Quebec 1, 177 40
Bank of Montreal, Toronto 141 73
Bank of Montreal, Vancouver 1 , 040 27
Bank of Montreal, Winnipeg 1,317 94
i 466,933 55
General Business Statement fob the Year ending December 31, 1920.
INCOME
Total premium income $ 142,672,244 32
Consideration for supplementary contracts involving life contingencies 490,476 65
Consideration for supplementary contracts not involving life contingencies 1,434,723 32
Interest and rents 44,335,004 03
Gross profit on sale or maturity of ledger assets 100,720 33
Gross increase, by adjustment, in book value of ledger assets 546, 107 06
Dividends left with the company to accumulate at interest 2,825, 186 44
All other income 1,385,670 97
Total income $ 193, 790, 133 12
DISBURSEMENTS
Net amount paid for losses and matured endowments $ 59, 435, 629 47
Paid for annuities involving life contingencies 1,400,300 34
Surrender values paid in cash or applied in liquidation of loans or notes 21, 736,845 97
Surrender values applied to pay renewal premiums 295, 266 09
Dividends paid policj^holders in cash or applied in liquidation of loans or notes 18,356,282 70
Dividends applied to pay renewal premiums 8, 588, 904 29
Dividends applied to shorten the endowment or premium paying period 208,914 00
Dividends applied to purchase paid-up additions and annuities 3,056,882 40
Dividends left with the company to accumulate at interest 1,770,572 04
Expense of investigation and settlement of policy claims 66, 136 34
Paid for claims on supplementary contracts not involving life contingencies 1,283,365 48
Dividends and interest thereon held on deposit surrendered during the year 549,409 15
Commissions to agents 16,847,414 48
Compensation of managers and agents, not paid by commission, for services in obtaining
new insurance 26, 038 44
Agency supervision and travelling expenses of supervisors 1, 160, 196 44
Branch office expenses including salaries of managers and clerks 2, 162,255 53
Medical examiners' fees and inspection of risks 1,085,762 61
Salaries and all other compensation of officers, directors, trustees and home oflBce em-
ployees 3,406,596 15
Rent 746,709 60
Repairs and expenses on real estate 394, 795 93
Taxes on real estate '. 201 , 380 58
State taxes on premiums, Insurance Department licenses and fees 1 , 713, 752 28
LIFE INSURANCE COMPANIES 269
SESSIONAL PAPER No. 8
New York Life — Continited.
DISBURSEMENTS— ConcMed.
All other licenses, fees and taxes $ 2,217,841 06
Gross loss on sale or maturity of ledger assets 967,576 12
Gross decrease, by adjustment, in book value of ledger assets 2,972,628 11
Adjustment arising from adoption of lower standard for conversion of foreign currencies. . 37,502,693 44
All other disbursements 2,817,428 94
Total disbursements $ 190,971,577 98
LEDGER ASSETS
Book value of real estate $ 8,407,481 00
Mortgage loans on real estate, first liens 164, 796, 225 60
Loans secured by pledge of bonds , stocks or other collateral 6 , 565 , 500 00
Loans on policies 142,893,763 89
Premium notes on policies in force 4,605,483 18
Book value of bonds and stocks 600,986,000 55
Cash on hand, in trust companies and in banks 9,992,865 33
Branch office debit balance (net) and bills receivable 19,333 58
Cash in company's branch offices and in transit 1,060,664 19
Premiums reported to War Risk Insurance Bureau 1 , 186 72
Total ledger assets $ 939,328,504 04
NON-LEDGER ASSETS
Interest and rents due and accrued 12,087,598 25
Market value of bonds and stocks over book value 1,985,244 72
Due from other companies for losses or claims on policies of this company, reinsured 98,665 00
Net amount of uncollected and deferred premiums 13,711,710 24
Gross assets $ 967,211,722 25
Deduct assets not admitted 547,325 06
Total admitted assets $ 966,664,397 19
LIABILITIES
*Net reserve _ $ 755,990,860 00
Extra reserve for total and permanent disability benefits and for additional accidental
death benefits, included in life policies 3,026,904 00
Present value of amounts not yet due on supplementary contracts not involving life con-
tingencies _ 6,763,008 59
Present value of amounts incurred but not yet due for total and permanent disability
benefits 863,934 00
Due and unpaid on supplementary contracts not involving life contingencies 946 74
Total policy claims 10, 119,487 14
Liability on policies cancelled and not included in net reserve upon which a surrender value
or reinstatement may be demanded 517,943 70
Salaries, rents, office expenses, bills and accounts due or accrued 174,486 38
Dividends or other profits due policyholders 2,039,587 30
Dividends left with the company to accumulate at interest and accrued interest thereon. 6,247,821 30
Premiums paid in advance including surrender values so applied 1,662,778 06
Commissions to agents due or accrued 14,107 06
Commissions due agents on premium notes when paid 2,004 09
Dividends declared on or apportioned to annual and deferred dividend policies payable to
policyholders during 1921 37,446,654 87
Amounts set apart, apportioned, provisionally ascertained, calculated, declared or held
awaiting apportionnement upon deferred dividend policies 76, 176, 646 00
Security fluctuations and general contingency fund, and annual dividend equalization
funds, 49,232,393 96
Reserve for future expenses on paid-up annual dividend policies 870,000 00
LTneamed interest and rent paid in advance 2,570,541 97
*Computed according to the American Experience Table at 3 per cent interest for all insurance policies
issued except tropical insurance and those issued prior to 1907 on impaired livfes which were valued on the
Double American Experience Table at 3 per cent interest and semi-tropical insurance and those issued
prior to 1907 on partially impaired lives which were valued on the Sesqui American Table at 3 per cent
interest. Annuities were valued on McClintock's Annuity Table at 3 per cent interest.
270 DEPARTMENT OF I2iSVRANCE
11 GEORGE V, A. 1921
New York Life — Concluded.
■LIABILITIES— Concluded.
Medical examiners' fees, inspectors' fees and legaUees due or accrued - • • ? -Jfi- J^^ 8o
Federal State, and other taxes due or accrued (estimated; j^33 j-
Due agents under Nylic contracts 5,753, 193 00
Reser^-e for Nylic contracts 110,790 67
Resers'e for unclaimed receipts 4, 3.52 02
{^uZntS^SSs on iX^Ute andrents and deposit on contracts for sale of real estat^__m750_00
$ 966,664,397 19
Total liabilities :=====
EXHIBIT OF POLICIES
Number Amount
241,486 $ 697,342 679
Issued during the year 98,383 301,918,968
Terminated ' " 1,605,035 3,537,298,756
In force at end of year — r -=^
LIFE INSURANCE COMPANIES 271
SESSIONAL PAPER No. 8
NORTH AMERICAN LIFE ASSURANCE COMPANY.
Statement for the Year ending December 31, 1920.
President and Managing Director, L. Goldman, A. I. A., F.C.A. — Vice-Presidents, W. K. George
Lt.-CoI. D. McCrae— Secretary, Wm. B. Taylor, B.A., LL.B.— Treasurer, C. W.
Strathy— Acutary, D. E. Kilgour, M.A., A.I.A., F.A.S.— Head Office, 112-118 King St.
W., Toronto, Ont.
{For List of Directors see Appendix.)
Incorporated May 15, 1879, by 42 Vic, cap. 73. Commenced business Jan. 10, 1881.
GUARANTEE FUND
Authorized and subscribed $ 300,000 00
Paid in Cash 60,000 00
{For List of Shareholders see Appendix.)
SUMMARY BALANCE SHEET.
Assets. Liabilities.
Total Ledger Assets $19,550,048 48 Total Liabilities $17,823,739 43
Deduct excess of total book value of Excess of Assets over Liabilities: —
Ledger Assets over total Depart- Capital Stock
ment's value 307,681 05 paid in cash... $ 60,000 00
♦Surplus 2,158,143 21
2,218,143 21
Total Ledger Assets taken at
Department's value $19,242,367 43
Non-Ledger Assets 799,515 21
Total Assets $20,041,882 64 Total $20,041,882 64
SYNOPSIS or LEDGER ACCOUNTS
As at December 31, 1919: — Decrease in Ledger Assets in 1920: —
Net and total Ledger Assets. . $18,353,580 57 Disbursements $ 3,346,419 66
Increase in Ledger Assets in 1920: — As at December 31, 1920: —
Income 4,542,887 57 Net and total Ledger Assets 19,550,048 48
Total $22,896,468 14 Total $22,896,468 14
ASSETS.
Ledger Assets.
Book value of real estate, unencumbered, held by the Company {For details see Schedule A)$ 138,522 01
Mortgage loans on real estate, first liens 4,565,485 66
Amount of loans as above on which interest has been overdue for one year or
more previous to statement $ 138,843 19
Amount secured by the Company's policies in force, the reserve on each policy
being in excess of all indebtedness:- —
Loans to policyholders $ 2,285,036 64
Advances to policyholders under automatic non-forfeiture provisions 60,070 64
2,345,107 28
Book value of bonds, debentures and debenture stocks owTied by the Company {For details
see Schedule C) 10,183,551 22
Book value of stocks owned by the Company {For details see Schedule D) 1,873,898 30
Cash: At Head Office, $801.30; In Banks, $440,467.05; {For details see Schedule E) 441,268 35
All other ledger assets 2,215 66
Total Ledger Assets $19,550,048 48
Deduct excess of total Vjook value of real estate, bonds, debentures and stocks over total
Department's value 307,681 05
Total ledger assets taken at Department's value $19, 242, 367 43
♦Including $1,584,745, surplus contingently apportioned to deferred dividend policies issued jrirr to
Januaruy l; 1911.
272
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
North American Life — Continued.
ASSETS— ConcZaded.
Non-Ledger Assets.
Interest, dividends and rents, due and accrued: —
Interest or dividends on —
Mortgages $
Bonds and debentures
Premium notes, policy loans and liens
Total interest $
Rents
Due.
Accrued.
45,798 75 $
128,5.'52 68
175 00
100,940 86
19,185 05
1,966 25
65,1.58 80 $
210 00 . .
231,439 79
Total interest, dividends and rents, due and accruedS 65,368 80 $ 231,439 79
-$ 296,808 59
First Year. Renewal.
Gross premiums, less reinsured: —
Due and uncollected $ 85,542 51 S 458,08195
Deferred 12,579 15 64,421 84
Total $ 98,12166 S 522,503 79
Deduct commissions and estimated loss in collection 18,643 11 99,275 72
Net premiums due and uncollected, and deferred $ 79,478 55 $ 423,228 07
502,706 62
Total Xon-Ledger Assets $ 799,515 21
Total Assets $20,041,882 64
LI.\BILITIES.
Net liability under assurance, annuity, and supplementary contracts in force for payments
not due, dependent on life, disability or any other contingency or on a term certain
(.See Statement of Actuarial Liabilities) ' $16,793,929 00
Net surrender values claimable under cancelled contracts 3,000 00
Net liability for unadjusted payments due under contracts: — Death losses, $81,413.65;
matured endowments, $9,762 91,175 65
Provision for unreported death losses and disability claims 30,000 00
Dividends left with the Company (arising out of assurance contracts) including interest ac-
cumulations 605 13
Received from policyholders in advance: — Premiums, 86,910.25; interest, $61,566 38 68,476 63
Net dividends to policyholders due and unpaid 25, 569 01
Premium reductions on outstanding premiums and annuitj^ consideration 223 75
Net profits allotted to deferred dividend policie.s issued on and after .January 1, 1911 222,316 00
Provision for profits to policyholders payable in the year following the date of account 451,684 00
Provincial, municipal and other taxes due and accrued 50,000 00
Dividends to shareholders due and unpaid 3,000 00
Salaries, rents and office expenses, due and accrued , 30,753 44
Medical examiners' fees due and accrued 8, 185 50
Commissions to agents due and accrued 159 36
Reserve, special, or surplus funds net included above:. .
Real Estate Contingent Fund, $19,624.65; StafT Pension Fund, $20,000.00 39,624 65
Suspense Account 5, 037 31
Total Liabilities $17,823,739 43
SHAREHOLDERS' SURPLUS ACCOUNT.
Balance, Dec. 31, 1919 $ Nil.
Interest added during 1920 3,4.38 00
Shareholders' proportion of profits: —
Non-participating account 3, 098 67
Total $ 6,536 67
Dividends to shareholders $
Shareholders' proportion of losses: —
Decrease in assets due to revalua-
tion
Balance, Dec. 31, 1920
Total $
6,000 00
536 67
NU.
6,536 67
LIFE INSURANCE COMPANIES 273
SESSIONAL PAPER No. 8
North American Life — Continued.
INCOME.
First Year. Renewal. Single.
Assurance premiums $ 779,192 68 $2,595,342 74 $ t 51,960 17
Less reinsurance premiums paid 13,012 54 66,892 81 Nil.
Total net premiums $ 766,180 14 $2,528,449 93 $ 51,960 17
$ 3,346,590 24
Consideration for annuities, first year 2,488 00
68 85
Total industrial premiums
Total net premium income and consideration for annuities $ 3,349, 147 09
Consideration for supplementary contracts: — Not involving life contingencies 29,400 00
Dividends left with the Company at interest (arising out of assurance contracts) 267 40
Interest, dividends and rents: —
Gross interest or dividends on —
Mortgages $ 320, 131 12
Bonds and debentures (less $20,535.42 paid for accrued interest on
bonds acquired during year) 520, 607 96
Stocks 114, .548 66
Premium notes, policy loans and liens 134, 987 74
Other assets 20,495 22
Total $ 1,110,770 70
Gross rents for Company's property (including $12,500 for Company's
occupancy of its own buildings) less $17,603.32 for taxes, expenses and
repairs in connection with such properties 1 , 171 68
Total interest, dividends and rents 1, 111,942 .38
Exchange, $22,719.96; Suspense account, $71.96; valuation fees, $42 22,833 92
Gross profit on sale or maturity of ledger assets: —
Real estate, $630.08; bonds, $28,666.70 29,296 78
Total Income $ 4,542,887 57
DISBURSEMENTS.
In respect of assurance contracts: — Death Matured
Death and endowment claims — Claims. Endowments.
Amount assured $ 767,557 30 $ 482,968 95
Bonus addition 3,418 05 75 00
Total $ 770,975 35 $ 483,043 95
Less received for reinsured 32, 710 50
Net total $ 738,264 85 $ 483,043 95
$ 1,221,308 80
Net surrender values 497,866 47
Net dividends —
In cash $ 390,462 15
Left with the company at interest 267 40
Applied as single premiums: —
To purchase bonus addition $ 22,787 88
To purchase premium reduction 7, 666 76
30,454 64
Total net dividends 421, 184 19
In respect of life annuity contracts:— Cash payments to annuitants 5,599 61
Total net disbursements in respect of assurance and annuity contracts. $ 2, 145,959 07
Net payments on supplementary contracts:—
Involving life contingencies, $4,752.15; not involving life contingencies, $9,522.10 14,274 25
Net reduction in premiums resulting from application of dividends 3, 919 13
Dividends left with the company and interest accumulations withdrawn 112 60
Interest or dividends to shargholders 6,000 00
*Taxes, licenses and fees (including taxes on investments but excluding taxes on real estate). 55,906 76
*Head office expenses:— Salaries, $138,094.67; directors' fees, $11,000; auditors' fees, $2,000;
travelling expenses, $2,692.99; rents, $12, .500 166,287 66
*Branch office and agency expenses: — Assurance commissions — first year, $473,637.46; renewal,
$128,538.21; single, $249.50; advanced to agents, $2,704.88; salaries, $122,491.65; travel-
ling expenses, $45,888.31; rents, $20,371.71; investment expenses, loan dep't., (Winnipeg
and Saskatoon), $19,048.90 812,930 62
tincluding $30,454.64 single premiums paid by application of assurance dividends.
♦For investment expenses included in these items see footnote, page 274.
8—18*
274 DEPARTMENT OF INSURAXCE
11 GEORGE V, A. 1921
North American Life — Continued.
DISB URSKMEXTS— Conc/uded.
•All other expenses: — Advertising, $12,638.55; books and periodicals, $1,147. .58; express,
telegrams and telephones, $6,410.67; legal fees, $364.08; medical fees, $46,884.22; office
furniture, $5,129.-56; postage, $10,235.39; printing and stationery, $25,395.96; commis-
sions on loans, $3,14.5.65; fuel and light, $530.47; inspecti<jn cf risks, $5,765.48; taxes on
real estate and ground rent incurred in previous years, $13,721.72; miscellaneous,
$8,789.95 $ 140, 159 28
Gross loss on sale or maturity of ledger assets; — Real estate 870 29
Total Disbursements $ 3.346,419 66
EXHIBIT OF ANNUITIES.
Life Annuities
Proper.
Arising out of Life Assurance
Contracts.
T
Classification.
Involving
Life
Contingencies.
Not involving
Life
Contingencies.
otals.
No.
Annual
Payment.
No.
Annual
Payment .
No.
Annual
Payment .
No.
Annual
Payment .
At end of 1919
35
1
$
5,463
155
21
2
$
5,413
420
31
10
$
5,550
1,861
87
13
$
16,426
New issued
2,436
Totals
36
5,618
23
5.833
41
7,411
100
18,862
Less ceased by: —
Death
3
558
1
140
4
2
698
Expiry
2
234
234
Total ceased
3
558
1
140
2
234
6
932
At end of 1920
33
5,060
22
5,693
39
7,177
94
17,930
Reinsured
2.50
250
EXHIBIT OF POLICIES.
(For policies herein included involving disability benefits see Abstract.)
Classification.
Whole Life.
Endowment
Assurances.
Term and
Other.
Bonus
Additions.
Totals.
No.
Amount.
No.
Amount.
No.
Amount.
No.
Amount.
At end of 1919
New issued
34,721
8,967
286
$
60,490,-526
19,390,735
640,848
83,913
312,188
11,349
1,617
56
"33
$
15,524,697
2,673,531
88,500
19,150
81,000
2,723
368
17
"81
$
8,454,443
1,326,489
37,387
61,269
152,752
$
127,824
42,104
45
48,793
10,952
359
""241
$
84,597,490
23,432,859
Old revived
Old increased
766,735
164,377
Transferred to
127
545,940
Totals
44,101
80,918,210
13,055
18,386,878
3,189
10,032,340
169,973
60,345
109,507,401
Less ceased by: —
Death
256
506,270
72
373
99,725
472, 147
27
76.082
2,309
355
373
104
867
2,945
396
241
684,386
472,147
Expiry
104
10
239
11
112
160,644
41,607
692,798
28,670
41 , 693
296,688
160,644
Surrender
702
2,348
1,043,537
4,455,779
225,025
667,444
166,938
155
358
"so
56
180,654
498,750
.34,881
131,720
82,314
1,208
1,267,006
Lapse
5,647,327
Decrease
45
288,621
Not taken
305
73
840,857
.545.940
Total ceased
3,684
7,064,993
1,094
1,500,191
-503
1,338,182
3,562
5,281
9,906,928
At end of 1920
40,417
73,853,217
11,961
16,886,687
2,686
8,694,158
166,411
55,064
99,600,473
Reinsured
1,271,468
225,000
178,873
386
1 1,675,727
•Investment expenses included in these items: — Salaries: Head Office. $28,285.59; Branch
Offices, $12,421.48; travelling expenses: Head Office, $5-38.60; Branch Offices, $3,789.33;
taxes on investments, $1,915.65; commissions on loans, $3,145.65; rents, $4,310; directors'
fees, $5,500; miscellaneous, $6,374.97
Total investment expenses $ 66, 281 27
LIFE INSURANCE COMPANIES
275
SESSIONAL PAPER No. 8
North American Life — Continued.
MISCELLANEOUS.
New policies issued and paid for in cash: — Number, 10,334; gross amount, $21,908,056;
reinsured in other licensed companies, $239,780.
Claims reinsured: — Death claims, $27,710.50; matured endowments, $11,500.
Total amount in force divided as to dividend plan: — Annual, $74,100; quinquennial,
•139,313,972; deferred, $42,.336,115; under non-par options, $3,893,329; non-participating,
$13,982,957.
Total $ 99,600,473
STATEMENT OF ACTUAMAL LIABILITIES.
Assurance Section.
Class of Contract.
Gross in Force.
Reinsured in Companies
licensed in Canada.
Number.
Amount.
Reserve.
Amount.
Reserve.
Ordinary with Profits: —
Life
37, 207
11,438
837
$
66,243,851
15,953,618
3,253,636
166,411
(3,741)
$
9,6.37,327
5,755,198
100,754
94, 149
13,940
1,128
14,260
2,700
$
903,983
195,000
51,373
386
$
162,661
Endowment Assurance
60,794
4,850
Bonus Addition
215
Premium Reduction
Disability No. 1
19
Disability No. 2
25
Extras
Totals
49,482
85,617,516
15,619,456
1,150,742
228,564
Ordinary without Profits: — :
Life
Endowment Assurance
3,193
523
1,849
7,607,021
933,069
5,440,522
996, 753
235,236
35,858
87
761
300
367,485
30,000
127,500
46,794
11,171
Term, etc
1,520
Disability No. 1
1
Disability No. 2
13
Extras
Totals
5,565
13,980,612
1,268,995
524,985
59,499
Industrial without Profits: —
Life
17
2,345
1,406
Grand Totals
55,064
99,600,473
16,889,857
1,675,727
288,063
Annuity
Section.
Class of Annuity.
Gross in Force.
Reinsured in Companies
licensed in Canada.
Number.
Annual
Payment.
Reserve.
Annual
Payment.
Reserve.
With Profits:—
Life Annuities Proper
5
19
31
$
56
5,267
5,960
$
525
75,856
63,672
$
$
Supplementary contracts: —
Involving life contingencies
Not involving life contingencies
250
2,778
Totals
55
11,283
140,053
250
2,778
Without Profits:—
Life Annuities Proper
28
3
8
5,004
426
1,217
31,292
7,778
15,790
Supplementary contracts: —
Involving life contingencies
Not involving life contingencies... .
Totals
39
6,647
54,860
Grand Totals
94
17,930
194,913
250
2,778
8—181*
276 DEPARTMEyT OF INSURANCE
11 GEORGE V, A. 1921
North American Life — Continued.
SUMMARY OF RESERVE.
With Profits. Without Profits. Total.
Total reserve, policy and annuity contracts $15,759,509 I 1,325,261 117,084,770
Total reserve on reinsured contracts 231 , 342 59, 499 290, 841
Total net reserve on the Company's basis of valuation $15,528,167 $ 1,265,762 $16,793,929
Deduction made therefrom permitted under Section 43 (3),
Insurance Act, 1917 (none made) ($428,215)
Net reserve carried in the liabilities $15,528,167 $ 1,265,762 $ 16,793,929
Net reserve estimated on the statutory basis (without deduc-
tion)....... . $ 15,4.50,500 $ 1,259,000 $ 16,709,500
Reserve maintained by the Company in excess of the statutory
reserve 77,667 6.762 84,429
MISCELLANEOUS STATEMENT
I. The calculation of the "Reserve" in the "Statement of Actuarial Liabilities." —
(1) Policies of the same year of issue, plan and age were grouped for the purpose of valuation. Reserve
was computed according to the Institute of Actuaries' H.M. table with interest at 85 per cent; the valuation
age being based on the age at which the premium was charged, excepting in the case of Endowment Policies,
which were grouped in five year age groups. The duration was taken as year of valuation le.ss year of
issue plus J year. Annuities were valued according to the B.O.L.A. table with interest at 31 per cent.
Special Classes —
(o) Policies issued at tropical rates were valued by the American Tropical Table with interest at 3 per
cent; Policies issued at sub-tropical rates by a table based upon the mean of qx by the Hm. table
and the American Tropical table with interest at 3 per cent.
(6) Policies issued at premiums corresponding to ages higher than the true ages were valued at the
"rated up" age.
(c) Policies providing for payment at death during certain periods of an amount less than the full
amount of insurance, being jolicies subject to liens, were valued as if the full amount were payable
without any deductions.
{d) An additional reserve was held of one-half the extra premiums paid under policies issued at or
subsequently subject to an extra premium payable annually. Policies are rarely issued with extra
premiums payable in one sum.
(e) In a few cases applicants were limited to special plans and on such policies the ordinary reserve is
held.
(/) A reserve of one-half the annual disability premium is held under policies providing for waiver of
premiums in case of disability, and a reserve of one-half total premiums received is held under
rolicies providing for waiver of premiums and disability annuity.
(g) Special rates are not quoted for annuities on lives classed as under-average.
(2) Items of Special Reserve —
(a) No reserve is held for pre paid loadings under limited and single premium rolicies nor under im-
mediate annuities.
(6) An additional reserve on the Hm. 3|% basis is held in respect to guaranteed benefits which exceed
in value the net premium reserve on the basis of valuation employed.
(c) The full reserve is maintained for a period estimated to average six months after lapsing on account
of lapsed policies not continued in force under Automatic Non-forfeiture provisions, but being
subject to reinstatement.
(d) No reserve is held to cover the option of renewal under Term Policies.
(e) (a) Where a policy is changed to one on a higher premium plan after five years from original date
of i.ssue, consideration is given to difference in reserve, and therefore a special reserve is regarded
as unnecessary, (b) No reserve is held to provide for the option of changing at the attained age.
(f) No other special reserves are held.
II. Tropical and sub-tropical Policies are subject to the same guaranteed surrender values as are granted
under Policies issued to persons resident in Canada.
The guaranteed values under policies issued at a "rated-up" age are those for the age for which the
premium is charged. Where an extra premium is charged the regular guaranteed values are granted.
In the case of policies subject to a lien the paid-up insurance values and amount for which the insurance
may be extended are reduced proportionately, the cash surrender values remaining unchanged. Where
premium payments are waived under the Total and Permanent Disability Benefit the guaranteed values
increase in the same manner as though the premium had been paid in cash.
III. The average rate of interest earned during the year on the mean net ledger assets was 6-07%.
IV. The distribution of surplus —
(a) Shareholders or Guarantors are not entitled to participate proportionately with Policyholders,
but are limited as to dividend rate. Guarantors receiving $6,000 or 10% of guarantee fund.
(b) Deferred Dividends.
The actual surplus paid or apportioned was a determined proportion of the surplus ascertained by
deducting the appropriate Reserve from an amount brought out by a Modified Asset Share table. In
this table, the rate of interest used was 4-65; the expense charge for the first year was 20% of the premium
plu f$5.00 per SI, 000, also the Statutory First Year Reserve Deduction, which is refunded out of the
Mortality Savings; The Renewal Expense charge was 75% of the premiums. Appropriate discontinuance
factors were used.
(Additional Mortality Savings are not specifically apportioned but are used as an offset against ex-
penses in excess of the aggregate for which the above factors make provision.)
Quinquennial Dividond.s.
Similar methf)ds as for Deferred Dividends, providing, however, for slightly altered expense incidence.
Cash dividends were converted into premium reductions or reversionarj' bonus additions on the
Hin. 3^% basis.
.Annuitants do not share in surplus.
LIFE INSURANCE COMPANIES
277
SESSIONAL PAPER No. 8
North American Life — Continued.
DEFERRED DIVIDEND POLICIES.
Issued prior to January 1, 1911, and Amount of Profits contingently apportioned thereto.
Year Total net Profits
of Amount in Contingently
Issue. Force. Apportioned
Unto and including 1885$ 36,929 $ 888
1889 1,500 2
1893 1,500 174
1901
1902
1903
1904
1905 1,549,411
1,191,553 1909
1,430,172 313,115 1910
1,357,621 248,271
1,566,063 248,045
Year
of
Issue.
1906 $ 1,273,873
1907 1,258,941
1908 1,347,283
1,341,211
1,392,927
Total net Profits
Amount in Contingently
Force. Apportioned.
$
134,272
131,223
113,926
97,222
81,113
216,494
Totals $ 13,748,984$ 1,584,745
Year
of
Issue.
1911..
1912..
1913..
1914..
1915..
1916..
Issued on and after January 1, 1911, and Amount of Profits credited thereto.
Total Net Profits Year Total Net
Amount in Credited. of Amount in
Force. Issue. Force.
$ 1,440,600 $ 68,546 1917 $ 2,526,786
1,641,955 61,459 1918 2,826,045
1,707,420 44,465 1919 5,484,675
1,749,715 29,144 1920 7,050,788
1,977,505 15,602 1921 27,500
2,154,142 3,086
Profits
Credited.
Nil.
14
Total $28,587,131 $ 222,316
Schedule A.
Actual cost
and book
value.
Real estate —
Ontario — Toronto, Company's bldg., 112-118 King St. W..
and warehouse in rear $ 135, 179 28
Saskatchewan — Rural property, two parcels 3, 342 73
Depart-
ment's
value.
190,000 00
3,342 73
$ 138,522 01 $ 193,342 73
Schedule C.
*Bonds and debentures — Par value. Book value.
Governments —
Canada— Victory Loan $3, 138, 700 00 $3, 121 , 471 50
War Loan 550,000 00 533,035 00
Provinces of Canada —
Manitoba— Registered Stock 47, 148 04 36, 636 05
New Brunswick— Debentures 9,000 00 8,235 60
Saskatchewan— Bonds 50, 000 00 47, 760 00
Department's
value.
3,121,471 50
543, 125 00
38,189 91
7,850 00
47,760 00.
5,794,848 04 $3,747,138 15 $3,758,396 41.
Cities —
Alberta —
Calgary $ 13,626 66 $ 11,165 68 $ 11,165 68
Lethbridge 10,000 00 9,184 00 8,800 00
Medicine Hat. 27,000 00 25,326 30 24,160 00
Red Deer 21,336 08 17,123 44 19,415 83
Strathcona 20,182 81 19,095 41 19,886 98
British Columbia —
Ladysmith 10,000 00 10,715 09 9,500 00
Nelson 25,000 00 25,259 21 22,600 00
Revelstoke 25,000 00 23,555 00 23,250 00
\ernon 19,000 00 19,294 68 18,920 00
Manitoba —
Brandon 5,000 00 4,580 50 4,580 50
Portage la Prairie 16,335 85 14,883 98 15,108 66
St. Boniface 48,193 73 47,094 91 45,784 04
Winnipeg 93,809 81 93,809 81 80,676 44
*0f which are on deposit with Receiver General:— City of Brantford, $14,200; City of Winnipeg,
278 DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
North American 'LiFE—Conlintied.
Schedule C — Continued.
Bonds and debentures — Continued. Par value. Book value. Department's
Cities— Concluded. value.
New Brunsmck—Moncton $ 5,000 00 $ 4,518 50$ 4,518.50
Nova Scotia— H&lUax 256,000 00 257,45160 2.56,000 00
Ontario —
Brantford 41,200 00 40,. 376 00 35,844 00
Fort William .50,000 00 47,942,50 45,000 00
Hamilton 10,0(K) 00 9,969 00 9,969 00
Ottawa 25,000 00 23,547 50 25,2.50 00
Peterboro 25,000 00 25,000 00 22,3.50 00
Port Arthur 36, .500 00 36, 281 50 33, 945 00
Stratford 67,000 00 64,126 41 65,380 00
Toronto 125,000 00 116,052 50 116,782.50
Windsor 55,565 07 51,275 48 53,156 36
Hull 15,600 00 14,837 33 15,084 00
Montreal 48,666 64 40,673 72 40,673 72
Saskatchewan —
Moose Jaw 15,864 48 14,848 94 14,170-30
Prince Albert 8,61130 7,873 21 4,305 65
Regina 122,693 33 106,610 45 108,392 95
Saskatoon 75,000 00 75,23130 67,9.57.50
SwiftCurrent 2,000 00 2,068 40 1,960 00
Weyburn 22,156 62 21,953 82 21,9|56 62
$1,341,342 38 $1,281,726 17 $1,246,-544 23
Towns —
Manitoba —
Dauphin $ 19,300 00 $ 19,749 23 $ 18,914 00
Minnedosa 6, 483 18 6, 443 18 6, 3.53 .52
Neepawa 10,000 00 10,274 75 9,700 00
Souris 4,052 31 3,586 38 3,647 08
Nova Scotia —
Amherst 30,000 00 28,85100 27,900 00
Springhill 39,000 00 35,842 66 33,880 00
Stellarton 15,000 00 15,250 60 13,6-50 00
Sydney Mines 10,000 00 8,84100 9,000 00
Westville 10,000 00 9,000 00 9,200 00
Yarmouth 20,000 00 20,000 00 18,400 00
Ontario —
Kenora 25,066 68 25,066 68 23,462 00
Midland 17,097 70 16,613 27 16,755 75
North Bay 13,216 18 13,493 20 13,612 66
Oakville 14,225.39 14,253 14 14,253 14
Sandwich 10,000 00 9,900 00 10,700 00
Sudbury 22,786 02 21,579 44 21,646 72
Walkerville 20,370 74 19,742 03 19,963 33
Seven other towns, par value for each
under $8, 500 39,543 94 39,133 83 38,722 69
Granby 25,000 00 25,58154 23,250 00
Montreal West 25,000 00 22,250 00 23,500 00
St. Lambert 10,000 00 9,252 00 10,000 00
Shawinigan Falls 10,000 00 9,65100 9,900 00
Saskatchewan —
Battleford 5,468 69 4,588 84 4,179 09
Melville 3,500 00 2,978 50 2,940 00
Rouleau 17,765 07 17,765 07 14,745 00
Yorkton 17,377 83 15,484 21 14,944 93
$440,253 73 $425,17155 $413,219 91
Villages, Ontario —
Cobden $ 17,876 58
Flesherton 5,042 58
Rodnev 7, 990 48
$
18,341 51
4,753 30
7,990 48
$
18,770 41
4,689 60
7,990 48
$ 30,909 64 $ 31.085 29 $ 31,4.50 49
LIFE INSURANCE COMPANIES 279
SESSIONAL PAPER No. 8
North American Life — CoiUinued.
Schedule C — Continued.
Bonds and debentures — Continued.
Townships , Districts or Municipalities — Par value. Book value. Department's
British Columbia — value.
Delta $ 5,000 00 $ 4,184 50 $ 4,250 00
North Vancouver 5,000 00 4,. 557 00 4,200 00
Richmond 30,000 00 25,347 00 23,700 00
Saanich 50,000 00 44,975 00 46,500 00
South Vancouver 12,000 00 11,0.34 00 10,320 00
Manitoba —
Assiniboia 50,000 00 46,176 16 47,380 00
East Kildonan 8,000 00 7,555 76 7,. 555 76
Macdonald 20,000 00 20,000 00 20,000 00
St. Vital 25,000 00 22,559 60 22,850 00
Westbourne 18,61187 18,423 89 18,423 89
West Kildonan 10,000 00 9,664 90 9,664 90
Ontario —
Etobicoke 22,879 98 24,239 82 24,48158
Scarboro 10,5.59 31 10,559 31 10,876 09
Three other townships, par value for each
under $6,700 8,25180 8,152 41 8,578 04
$ 275,302 96 $ 257,429 35 $ 258,780 26
County —
Oniano— Welland $ 100,139 75 $ 100,594 79 $ 104,653 67
Schools —
Alberta —
Edmonton, R.C $ 42,000 00 $ 38,437 71 $ 41,660 00
Lethbridge, R.C 42,500 00 42,500 00 44,625 00
Ontario —
Fort William 25,000 00 21,562 50 21,750 00
Toronto, R.C 25,000 00 24,120 00 24,120 00
Quebec —
Montreal, R.C 100,000 00 93,000 00 99,000 00
Notre-Dame de Grace, West, R.C 45,000 00 45,389,-39 46,600 00
St. Francois de Solano 25,000 00 25,924 23 25,250 00
St. Gregoire Le Thaumaturge, R.C 46.000 00 47,732 68 47,380 00
St. Leon de Westmount 35,000 00 35,000 00 33,500 00
Sherbrooke. R.C 20,000 00 20,42144 17,600 00
Verdun, R.C 66,000 00 65,576 02 67,036 02
Saskatchewan —
Battleford 30,000 00 30,000 00 27,000 00
St. Paul's, R.C 35,0.39 19 34,059 96 34,059 96
Swift Current 10,000 00 9,347 10 9,900 00
Weyburn 12,847 15 12,503 22 12,46174
$ 559,386 34 $ 545,574 25 $ 551,942 72
Rural Telephones, Saskatchewan —
Baljennie $ 8,469 11 $ 8,590 00 $ 8,590 00
Colonsay 11,046 49 11,205 91 11,205 91
Hilldrop 5,983 57 6,067 98 6,067 98
Prairie Union 5,640 29 5,243 79 5,243 79
Shamrock 20,988 61 21,289 24 21,289 24
Sylburn 8,653 18 8,765 67 8,765 67
$ 60,78125 $ 61,162 59 $ 61,162 59
Railways —
Canadian Northern Western Ry., 1st mtge.
(g'teedby Alberta), 1942,4^p.c $ 36,500 00 $ 28,816 75 $ 28,816 75
Detroit and Flint Ry., 1st cons, mtge., 1921,
5 p.c. (g'teed by Detroit United Ry.).. 75,000 00 73,500 00 69,000 00
Detroit United Ry., 1st cons, mtge., 1932,
4ip.c 408,000 00 347,543 75 334,560 00
Grand Trunk Pacific Ry. (g'teed by Dom.
of Canada), 1962, 4 p.c 145,800 00 108,017 39 108,017 39
Grand Trunk Pacific Ry., 1st mtge. (g'teed
by Alberta and Saskatchewan), 1939,
4p.c 48,600 00 37,373 39 37,373 39
Hamilton, Grimsby and Beamsville Elec-
tric Ry., 1st mtge., 1933, 5 p.c 63,000 00 65,103 32 59,850 00
Hamilton Street Ry., 1st mtge., 1928,
4^ p.c 40,000 00 39,517 10 36,800 00
Los Angeles Ry. Corpn., 1st and ref. mtge.
S.F., 1940, 5 p.c 52,000 00 46,812 17 38,480 00
Niagara, St. Catharines and Toronto Ry.,
1st mtge., 1929, 5 p.c 347,000 00 344,58 i 00 326,180 00
280 DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
North American Life — Continued.
Schedule C — Concluded.
Bonds and debentures— Conduced. Par value. Book value. Department's
Railways — Concluded. value.
Porto Rico Railways Co., Ltd., 1st mtge.
S.F.,1936, 5p.c $ 75,000 00 1 67,563 75$ 62,250 00
Quebec, Montmorency and Charlevoix Ry.,
1st mtge., 1923, 5 p.c 38,000 00 37,350 00 33,440 00
Sandwich, Windsor and Amherstburg Ry.,
cons, mtge., 1922, 4| p.c 416,000 00 382,582 52 374,400 00
Suburban Rapid Transit Co., 1st mtge.
(e'teed by Winnipeg Electric Ry. Co.),
1938, 5 p.c 25,000 00 23,750 00 22,500 00
Toronto' Railway Co., 1st mtge., 1921,
4} p.c 50,000 00 50,098 28 48,500 00
Windsor and Tecumseh Electric Ry., 1st
mtee. (g'teed by Detroit United Ry.),
1927, 5 p.c 117,000 00 114,075 00 108,810 00
Winnipeg Electric Ry. Co., 1st mtge., 1927,
5 p.c 20,000 00 20,680 16 19,000 00
Winnipeg Electric Ry. Co., 1st ref. mtge.
s!f , 1935, 5p.c... 269,000 00 281,527 21 255,550 00
$2,225,900 00 $2,068,895 79 $1,963,527 53
Miscellaneous—
Ames-Holden-McCready, Ltd., 1st mtge.,
S.F., 1941, 6 p.c $ 113,000 00 $ 113,025 00 $ 109,610 00
Bell Telephone Co. of Canada, Ltd., 1st
mtge., 1925, 5 p.c 30,000 00 30,110 23 29,700 00
British Colonies Transportation Co., Ltd.,
1921, 7 p.c 15,000 001
British Colonies Transportation Co., Ltd., *■ 20,037 87 20,037 87
1922, 7 p.c 10,000 00;
British Columbia Telephone Co., Ltd.,
1st mtge., 1921/1962, ii p.c 463,080 00 388,000 00 370,464 00
Bush Terminal Buildings Co., 1st mtge.
S.F. (g'teed by Bush Terminal Co.),
1960, 5 p.c 50,000 00 48,250 00 44,500 00
Canada West Coast Navigation Co., Ltd.,
1st mtge., 1921 to 1925, 6 p.c 30,000 00 27,784 50 27,784 50
Canadian Crocker-Wheeler Co., Ltd., 1st
mtge., 1932, 6 p.c 25,000 00 22,702 50 24,000 00
Canadian Locomotive Co., Ltd., 1st mtge.,
19.51, 6 p.c 135,000 00 130,950 00 126,900 00
City Gas Co. of London, Ont., 1st mtge.,
1927, 6 p.c ! 14,000 00 14,283 22 12,600 00
Commercial Cable Co., 1st mtge., 2397,
4 p.c 25,000 00 19,850 00 18,750 00
Wm. Davis Co., Ltd., 1st mtge. S.F.,
1926, 6 p.c....! 10,000 00 10,000 00 10,200 00
Hydro Electric Power Comm. of Ontario
(g'teed by Ontario), 1957, 4 p.c 190,000 00 130,565 00 130,565 00
Lake Commerce, Ltd.,' 1921-1925, 6 p.c. . . . 36,000 00 32,121 00 34,560 00
Montreal Transportation Co., Ltd., 1st
mtge., 1921 to 1927, 6 p.c 139,000 00 130,459 17 130,459 17
Ontario Power Co., of Niagara Falls, Ont.,
1st mtge., 1943, 5 p.c 146,000 00 136,510 00 135,780 00
Ottawa Electric Co., 1st mtge. ref., 1933,
5 p.c 35,000 00 33,250 00 33,600 00
Provincial Light, Heat and Power Co.,
1st mtge. (g'teed by Montreal Light,
Heat and Power Co.), 1946, 5 p.c...... 48,000 00 49,000 00 45,600 00
Quebec, Jacques Cartier Electric Co.,
Istref. mtge.,1931, 5p.c 28,000 00 27,240 00 19,880 00
St. Croix Power Co., Ist mtge. (g'teed by
St. Paul Gas Light Co.), 1929, 5 p.c. . . . 8,000 00 8,000 00 7,440 00
Sherwin-Williams Co. of Canada, Ltd.,
1st and ref. mtge. S.F., 1941, 6 p.c 115,000 00 112,700 00 113,850 00
Southern California Edison Co., General
mtge., 1939, 5 p.c 50,000 00 45,750 00 49,500 00
Toronto Harbour Commissioners, 1st mtge. ^ ^„
(g'teed by Toronto), 1953, 4^ p.c 60,000 00 49,620 00 49,620 00
Toronto Housing Co., Ltd., 1st mtge. ^ ^„
(g'teed by Toronto), 1953, 5 p.c 10,000 00 8,890 00 8,890 00
West Coast Towing and Salvage Co., Ltd.,
1st mtge., 1921-1924, 6 p.c 80,000 00 75,674 80 <5,6/4 80
$1,865,080 00 $1,664,773 29 $1,629,965 34
$10,693,944 09 $10,183,551 22 $10,019,643 15
LIFE INSURANCE COMPANIES 281
SESSIONAL PAPER No. 8
North American Life — Continued.
Schedule D.
No. of Par value. Book value. Department's
Stocks — Shares. value.
Bank of Hamilton 760 $ 76,000 00 $136,800 00 $129,200 00
British Columbia Telephone Co 653 65,300 00 68,571 75 65,300 00
British Columbia Telephone Co.
(Cum. Pref.) 434 43,400 00 21,700 00 39,060 00
Canada Permanent Mortgage Corpn..l2,817 128,170 00 147,521 52 208,917 10
Consumers' Gas Co 8,155 407,750 00 810,05116 542,307 50
Dominion Bank 932 93,200 00 201,312 00 178.944 00
Dominion Telegraph Co 264 13,200 00 13,200 00 10,824 00
Imperial Bank 409 40,900 00 84,663 00 76,892 00
MolsonsBank 62 6,200 00 12,090 00 10,540 00
Montreal Telegraph Co 550 22, 000 00 30, 000 00 24, 200 00
Toronto General Trusts Corpn 1,920 192,000 00 325,588 87 364,800 00
Toronto General Trusts Corpn. (on
acct. new stock) 640 12,800 00 22,400 00 24,320 00
$1,100,920 00 $1,873,898 30 $1,675,304 60
Schedule E.
Cash in banks —
Bank of N. T. Butterfield— Hamilton, Bermuda $ 317 28
Canadian Bank of Commerce — Montreal 1,001 22
First National Bank — Chicago 81 53
First and Old Detroit National— Detroit 671 07
Home Bank of Canada — Toronto 126 50
Imperial Bank of Canada — Brandon 14 29
Imperial Bank of Canada — Brantford 335 36
Imperial Bank of Canada — Edmonton 45 37
Imperial Bank of Canada — London 87 32
Imperial Bank of Canada — Regina 354 38
Imperial Bank of Canada— Toronto 206,237 19
Imperial Bank of Canada — Vancouver 83 03
Imperial Bank of Canada — Windsor 459 98
Bank of Montreal— Fort William 1 63
Bank of Montreal — Moose Jaw 1 , 860 71
Bank of Montreal— Port Arthur 30 39
Bank of Nova Scotia — St. Catharines 142 34
Bank of Nova Scotia— St. John 66 06
Royal Bank of Canada^Bridgetown, Barbados 1, 627 05
Royal Bank of Canada — Charlottetown 4 90
Royal Bank of Canada — Halifax 2,791 75
Royal Bank of Canada — Hamilton 1 , 382 29
Royal Bank of Canada — Kingston, Jamaica 2, 989 86
Royal Bank of Canada — Nassau, Bahamas 3,971 91
Royal Bank of Canada — Nelson 9 80
Royal Bank of Canada — North Bay 5 53
Royal Bank of Canada — Ottawa 155 87
Royal Bank of Canada — Peterboro 173 25
Royal Bank of Canada — Port of Spain, Trinidad 1,191 40
Royal Bank of Canada — St. John's, Quebec 15 72
Royal Bank of Canada — Saskatoon 706 86
Royal Bank of Canada — Sherbrooke 522 98
Royal Bank of Canada— Toronto 87, 676 28
Seattle National— Seattle 14,464 81
Standard Bank of Canada— Belleville 3 92
Union Bank of Canada — Barrie 1 01
Union Bank of Canada — Calgary 392 84
Union Bank of Canada — Quebec 28 89
Union Bank of Canada- — Saskatoon 31 56
Union Bank of Canada — Toronto 51 , 635 22
Union Bank of Canada — Winnipeg 8,879 66
United States Mortgage and Trust Co.— New York 49,888 04
$ 440,467 05
282 DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
North American Life — Continued.
ASSETS OUT OF CANADA
Ledger Assets
Amount secured by the Companj's policies in force, the reserve on each policy being in
excess of all indebtedness: —
Loans to policyholders $ 233,240 59
Advances to policyholders under automatic non-forfeiture provisions 633 20
S 233,873 79
Book value of bonds, debentures and debenture stocks owned by the Company {For details
see Schedule H) 922.870 81
Cash in banko (For details see Schedule J) 75, 202 95
Total Ledger Assets out of Canada $ 1,231,947 55
Deduct excess of total book x-alue of real estate, bonds, debentures and stocks over total
Department's value 3,394 81
Total ledger assets taken at Department's value $ 1 , 228, 552 74
Non-Ledger Assets
Interest —Due, SI, 569.23; accrued, $7,887.10 S 9,4.56 33
Gross premiums less reinsured: — First Year. Renewal.
Due and uncollected % 2,729 45 $ 29,. 390 84
Deferred 1,662 85 17,282 25
Total % 4.. 392 30 % 46,673 09
Deduct commissions and estimated loss in collection 834 54 8,867 89
Net premiums due and uncollected, and deferred $ 3,557 76 $ 37,805 20
41,362 96
Total Non-Ledger Assets out of Canada % 50,819 29
Total Assets out of Canada $ 1,279,372 03
LL\BILITIES OUT OF CANADA
Net liability under assurance, annuity, and supplementary contracts in force for payments
not due. dependent on life, disability or any other contingency or on a term certain. . . .% 1,858,340 00
Net liability for unadjusted payments due under contracts: — Death losses 3, 188 50
Provision for unreported death losses and disability claims 2,500 00
Received from policyholders in advance: — Premiums, §758.36; interest, ?6,116.17. 6,874 53
Net dividends to policyholders due and unpaid 2, 755 55
Premium reductions on outstanding premiums and annuity consideration 2 25
Government, municipal and other taxes due and accrued 4, 000 00
Salaries, rents and office expenses, due and accrued 500 00
Medical examiners' fees due and accrued 300 00
Total Liabilities out of Canada $ 1,878,460 83
PREMIUM INCOME AND ANNUITY CONSIDERATION OUT OF CANADA
First year. Renewal. Single.
Assurance premiums S 49,882 83 $269,27126 S 4,465 30
Less reinsurance premiums paid 1,959 00 15,921 25
Total net premiums % 47, 923 83 S 253. 350 01 S 4, 465 30
$ 305,739 14
LIFE INSURANCE COMPANIES 283
SESSIONAL PAPER No. 8
North American Life — Continued.
DISBURSEMENTS IN RESPECT OF ASSUHANCE AND ANNUITY CONTRACTS OUT
OF CANADA.
Death Matured
In respect of assurance contracts: — Claims. Endowments.
Death and endowment claims —
Amount assured.. $ 78, 377 52 $ 20, 000 00
Less received for reinsured 4, 710 50
Net total $ 73,667 02 $ 20,000 00
$ 93,667 02
Net surrender values 21,834 51
Net dividends —
In cash $ 24, 550 80
Left with the company at interest 47 70
Applied as single premiums: —
To purchase bonus addition $ 2, 994 07
To purchase premium reduction 1,471 23
4,465 30
Total net dividends 29, 063 80
In respect of annuity contracts: — Cash payments to annuitants 150 00
Total net disbursements in respect of assurance and annuity contracts
out of Canada S 144, 715 33
EXHIBIT OF POLICIES (Out of Canada)
Classification.
Whole Life.
Endowment
Assurances.
Term and
Other.
Bonus
Addi-
tions.
Totals.
No
Amount.
No
Amount.
No
Amount.
No
Amount.
At end of 1919
3,075
432
9
$
5,427,820
921,660
11,.50C
3,000
11,500
1,409
189
4
1
S
1,978,962
348,960
5,000
2,000
2,000
261
19
" "l7
692,677
76,00C
150
37, 103
36,727
$
10,712
6,029
45
4,745
640
13
"24
8,110 171
New issued
1 352 649
Old revived
16,650
Old increased
42 148
Transferred to
6
50,227
Totals
3,522
6,375,480
1,603
2,336,922
297
842,657
16,786
5,422
9,571,845
Less ceased by —
Death
24
58,769
7
15
10,000
20,000
1
2,559
103
32
15
18
53
160
71 431
Maturitv
20 000
Expiry
IS
5
9
1
3
23,409
14,881
17,691
6,228
10,000
4,000
iie
23 409
Surrender
31
120
48,761
160,450
9,. 341
48,000
36,913
17
31
"l3
4
22,020
47,500
2,186
21,220
7,314
85 778
Lapse.. .
925 641
Decrease
17,755
Not taken
30
16
44
23
79 220
Transferred fro
48^227
Total ceased
221
.362,23
t7
130,240
37
78,768
219
345
571,461
At end of 1920
3,301
6,013,246
1,516
2,206,682
260
763,889
16,567
5,077
9,000,384
Reinsured
328,988
27,000
22,000
377, 988
MISCELLANEOUS
New policies issued and paid for in cash: — Number, 616; gross amount,
$1,291,549; reinsured in o||her licensed companies, .130,000.
Claims reinsured: — Death claims, $4,710.50.
Total am unt i a force divided s to dividend plan: — Annual, $21,500; quin- •
quennial, .$4,647,206; deferred, $2,288,505; under non-participating
options, $476,239; non-participating, $1,566,934; total $ 9, 000, .384
284 DEPARTMENT OF INSURANCE
North American Life — Concluded.
11 GEORGE V, A. 1921
Schedule H — Out of Canada
Bonds and debentures — Par value. Book value. Department's
value.
(Newfoundland) Winnipeg $ 73,809 81 I 73,809 81 ? 63,476 00
(Albany, New York), Halifax 251,000 00 251,000 00 251,000 00
(Union Trust Co., Detroit, Mich.), Canada
War Loan 500,000 00 484,910 00 495,000 00
(United States Mortgage and Trust Co., New
York), Detroit United Ry., 1st Cons.
Mtge., 1932, 4§ p.c 100,000 00 85,15100 82,000 00
(North-Western Trust Co. St. Paul, Minn.)
Canada Victory Loan 28, 000 00 28, 000 00 28, 000 00
I 952,809 81 $ 922.870 81 $ 919,476 00
ScHEDUiE J — Out of Canada
Cash in banks —
Bank of N.T. Butterfield — Hamilton, Bermuda S
First National Bank — Chicago
First and Old Detroit National — Detroit
Royal Bank of Canada — Bridgetown, Barbados
Royal Bank of Canada — Kingston, Jamaica
Royal Bank of Canada — Nassau. Bahamas
Royal Bank of Canada — Port of Spain, Trinidad
Seattle National — Seattle
United States Mortgage and Trust Co. — New York
1 317 28
81 53
671 07
1,627 05
2,989 86
3,971 91
1,191 40
14,464 81
49,888 04
? 75.202 95
LIFE INSURANCE COMPANIES 285
SESSIONAL PAPER No. 8
NORTH BRITISH AND MERCANTILE INSURANCE COMPANY, LIMITED.
Statement for the Year ending December 31, 1920
Chairman, Charles J. Cater Scott — General Manager, Owen D. Jones — Actuary, James
Fenton, F.F.A. — Principal Office, Edinburgh, Scotland — Manager in Canada, Randall
Davidson — Canadian Life Manager, H. N. Boyd, F.F.A. — Head Office in Canada, Montreal.
Canadian Directors.
Wm. McMaster, G. N. Moncel, E. L. Pease.
(Organized by Royal Charter and Acts of Parliament, 1809. Incorporated, 1824. Commenced
business in Canada, 1862).
CAPITAL STOCK.
Authorized $29,200,000 00
Subscribed 21,900,000 00
Paid in Cash 11,862,500 00
ASSETS IN CANADA.
Ledger Assets.
Held solely for the Protection of Canadian Policyholders.
Department's value of bonds, debentures and debenture stocks owned by the Company,
on deposit with the Receiver General {For details see Schedule C) '. .$ 431,055 67
Other Ledger Assets.
Mortgage loans on real estate 2,497,879 07
Amount of loans as above on which interest has been overdue for one year or
more previous to statement $ 97, 500 00
Loans to policyholders secured by the Company's policies in force, the reserve on each
policy being in excess of all indebtedness 44 , 250 49
Department's value of bonds, debentures and debenture stocks owned by the Company
{For details see Schedule C) 1 , 171 , 038 74
Cash in Bank of Montreal, Montreal 102,439 51
Total Ledger Assets % 4,246,663 48
Non-Ledger Assets.
Due. Accrued.
Interest on —
Mortgages % 2,475 00 $ 39,523 81
Bonds and debentures 13,625 91
Premium notes, policy loans and liens 419 33 474 32
Total interest $ 2,894 33 $ 53,624 04
. $ 56,518 37
First Year. Renewal.
Gross premiums, less reinsured, due and uncollected $ 843 42 $ 6, 591 43
Deduct commissions and estimated loss in collection 169 83 218 63
Net premiums due and uncollected $ 673 59 $ 6,372 80 7,046 39
Taxes and other payments chargeable against mortgaged lands 10,795 38
Total Non-Ledger Assets % 74,360 14
Total Assets In Canada $ 4, 321 , 023 62
286 DEPARTMEXT OF IXSlRATiCE
11 GEORGE V, A. 1921
North British and Mercantile — Conlmued.
LIABILITIES IN CANADA.
Net liability under assurance, annuity and supplementary contracts in force for payments not
due, dependent on life, disability or any other contingency or on a term certain (See
Statement of Actuarial Liabilities) S 441,527 20
Net liability for payments due under contracts: — Death losses, adjusted but unpaid,
$3, 251 . 18; unadjusted, $2,000 5, 251 18
Provincial, municipal and other taxes due and accrued (estimated) 2,000 00
Commissions to agents due and accrued 1 06
Total Liabilities in Canada $ 448,779 44
INCOME IN CANADA.
First Year. Renewal. Single.
Assurance premiums $ 1.3,209 58 S 42.206 94 S 7,335 00
Less reinsurance premiums paid 4, 939 25
Total net premiums $ 13,209 58 $ 37,267 69 $ 7,3.35 00$ 57,812 27
Consideration for supplementary contracts: — Not involving life contingencies 75
Gross interest or dividends on —
Mortgages $ 149,918 41
Bonds and debentures (less $8,533.14 paid for accrued interest on bonds ac-
quired during year) 69, 461 19
Premium notes, policy loans and liens 1,783 91
Bank deposits 1,594 96
222,758 47
Income from all other sources: — Fines on overdue premiums, $9.88; exchange, $31.73 41 61
Total Income in Canada -S 280, 613 10
DISBURSEMENTS IN CANADA.
Inrespectof assurance contracts: — Death Matured
Death and endowment claims — Claims. Endowments.
Amount assured $ 27,867 33 S 1,000 00
Bonus addition 13, 739 39
Total $ 41,606 72 $ 1,000 00
42,606 72
Net surrender values 2,614 20
Net dividends in cash 1,512 78
In respect of life annuity contracts: — Cash payments to annuitants 716 48
Total net disbursements in respect of assurance and annuity contracts .? 47,4.'i0 18
*Taxes, licenses and fees (including taxes on investments Vjut excluding taxes on real estate). 4,023 21
*Head office expenses: — Salaries. $8,780.00: auditors' fees, $50.00; travelling expenses,
$130.: rents. $600: light, $4 90; guarantee bond-net. $20 9,584 90
*B ranch office and agencv expenses: — Assurance commissions — first year, $6,476.84; renewal
$1,481.74: single. $.366.75: salaries, $375.00 8,700 33
*A11 other expenses: — Advertising, $54 27: books and periodicals. $9.50; express, telegrams
and telephones, $118.36: legal fees. $393.29: medical fees, $212: office furniture, $20.26:
postage, $80.81: printing and stationerj-, $458.57: commissions on loans, $2,518.45:
appraisement expenses, $25: rents, $25; insurance premiums. $826.88; proportion general
expenses, $750; miscellaneous, $20.53 5,512 92
Total Disbursements in Canada $ 75, 271 54
EXHIBIT OF ANNUITIES.
Classification.
Life Annuities Proper.
No.
Annual
Payment.
At end of 1919
2
$ cts.
716 48
At end of 1920
2
716 48
'Investment expenses included in these items: — Taxes on investments, $2,059 21; com-
missions on loans, $2,518.45; appraisement expenses, $25; rents, $25; insurance premiums
$826.88: legal fees, $232.29; auditors' fees, $50; express, $35.65; postages, $10; mis-
cellaneous, $2.98.
Total investment expenses $ 5,785 46
LIFE INSURANCE COMPANIES
287
SESSIONAL PAPER No. 8
North British and Mercantile — Continued.
EXHIBIT OF POLICIES.
(For policies herein included involving disability benefits see Abstract.)
Whole Life.
Endowment
Assurances.
Term and
Other.
Bonus
Additions
Totals.
Classification.
No.
Amount.
No.
Amount.
No.
Amount.
No.
Amount.
At end of 1919
308
35
$ cts.
931,780 30
2.37,668 33
172
24
$ cts.
381,486 67
54,966 67
3
$ cts.
37,000 00
$ cts.
75,351 32
483
59
$ cts.
1,425,618 29
292,635 00
Old increased
. . 750 00
750 00
Totals
343
1,169,448 63
196
436,453 34
3
37,000 00
76,101 32
542
1,719,003 29
Less ceased by: —
Death
13
25,933 99
2
1
6
1
4,000 00
1,000 00
12,000 00
2,000 00
12,731 27
15
1
13
6
2
42,665 26
1,000 00
Surrender
7
5
6,480 85
15,000 00
3,668 00
1,000 00
638 98
19,119 83
17,000 00
15 00
3,683 00
Not taken
1
1
1,000 00
2,000 00
Total ceased
26
52,082 84
11
20,000 00
13,385 25
37
85,468 09
At end of 1920
317
1,117,365 79
185
416,453 34
3
37,000 00
62,716 07
505
1,633,535 20
60,000 00
60,000 00
II 1 1
MISCELLANEOUS.
New policies issued and paid for in cash: — Number 57; gross and net
amount, $290,635.00.
Total amount in force divided as to dividend plan:— Quinquennial, $736,572.79;
non-participating, $896,962.41.
Total $ 1,633,535 20
DETAILS OF POLICIES ISSUED PRIOR TO 31st MARCH, 1878, AND BONUS ADDITIONS
THEREON. , .
No. Amount. Bonus Additions
thereon.
In force at beginning of year in Canada 57 $ 99, 616 20 $ 52, 626 01
Terminated 12 22,914 84 11,980 09
In force at date of statement 45 76,70136 40,645 92
STATEMENT OF ACTUARIAL LIABILITIES.
Assurance Section.
Class of Contract.
Gross in Force.
Reinsured in Companies
licensed in Canada.
Numjper.
Amount.
Reserve.
Amount.
Reserve.
Ordinary with Profits: —
Life
165
75
$ cts.
534,403 38
139,453 34
62,716 07
$ cts.
1.32,048 80
43,410 60
50,932 50
169 20
35,101 20
$ cts.
$ cts.
240
736,572 79
261,662 30
Ordinary without Profits: —
Life
152
110
3
582,962 41
277,000 00
37,000 00
99.951 80
72,328 30
563 60
5,652 00
60,000 00
4,921 00
Additional Reserve
111 80
Totals
265
896,962 41
178,495 70
60,000 00
5,032 80
Grand Totals
505
1,633,535 20
440,158 00
60,000 00
5,032 80
288
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
North British and Mercantile — Continued.
STATEMENT OF ACTUARIAL LIABIILTIES— Co/jcZuded.
Annuity Section.
Class of Annuity.
Gross in Force.
Number.
Annual
Payment.
Reserve.
Without Profits:—
Life Annuities Proper
2
$ cts.
716 48
$ cts.
6,402 00
SUMMARY OF RESERVE.
With Without Total.
^ , Profits. Profits.
Total reserve, policy and annuity contracts $ 261,662 .30 $ 184,897 70
Total reserve on reinsured contracts .5,0.32 80
Total net reserve on the Company's basis of valuation (carried
in the liabilities) $ 261,662 30 $ 179,864 90 $ 441,-527 20
$ 446,. 560 00
5,0.32 80
MISCELLANEOUS STATEMENT.
1. The calculation of the "Reserve" in the "Statement of Actuarial Liabilities"—
(1) The Actuarial Liabilities are ascertained by taking the difference between the present value
of the Sums Assured and existing Bonuses, and the present value of the future net premiums, computed
froni the Tables of Mortality, and at the rate of Interest mentioned below.
W'hole Life Policies by premiums payable throughout life, and Endowment Assurance Policies were
valued in groups, the former being grouped according to year of birth, and the latter according to year of
maturity.
Policies in the remaining classes, and annuities, were valued individually.
The age at which the net valuation premium was taken, is the age at entry at which the office
premium was calculated. The valuation age was determined by subtracting the year of birth from 1920.
and adding half a year to the result, the assumption being that the lives were born on the average on
July 1.
The Tables of Mortality used in the Valuation are:—
First— For Assurances, the British Offices Om Tables.
.Second— For Annuities, the British Offices Life Annuity Tables 1893, with a loading of 3 per cent
for expenses.
The rate of Interest used in the Valuation both for Assurances and Annuities, is 3 per cent.
Special Classes —
(a) Under Policies subject to annual extra premiums for climatic risk an additional Reserve equa
to one year's extra premium has been made.
(^) Policies issued at premiums corresponding to ages higher than the true ages were valued as if they
had been efTected at the rated up ages.
(c) Policies providing for payment at death during certain periods of an amount less than the full
ai"ount of Insurance were valued as if the full Sum Assured were payable throughout.
(d) None of the Canadian Policies in force at December 31 , 1920 have been issued, or have become
subject to a fixed extra premium other than for climatic risk.
(e) Policies are not as a rule issued to substandard lives otherwise than at premiums for ages higher
than the true ages. In some exceptional cases the assured is given the option of a policy at the
premium for the true age, such policy being issued subject to a lien by the Company for a fixed
term .
CO Under Policies providing Disability Benefits the whole of the additional premiums received
tl^eref or has been reserved. There are no cases where Disability has occurred.
/f.\ 7 ^ Annuities have been issued in Canada on lives classed as Under Average.
(■i) Items of Special Reserve —
(a) "The reserve held under limited, and single premium policies on account of prepaid or limited
loadings is $15,286.20.
(b) In no case is the guaranteed cash value of a policy in excess of the net premium reserve on the
basis of Valuation employed.
(^) -^ full reserve is held on account of lapsed policies which have an option of reinstatement.
(I Tn? '^'°"" policies carrying an option of renewal were current on December 31, 1920.
(e) The reserve for the option of conversion under Convertible Term policies, the premium under
the new policy being that for the age attained at conversion, is the amount of the premiums
received in excess of that for the ordinary term risk.
No modifications or limitations are made under the special classes referred to in I. (1) (a) to (/) above
in respect of Guaranteed Values, except that in the case of policies issued at premiums corresponding
to ages higher than the true ages the guaranteed values aUowed are those calculated for the true age.
[1
LIFE INSURANCE COMPANIES 289
SESSIONAL PAPER No. 8
North British and Mercantile — Continued.
MISCELLANEOUS STATEMENT— Concluded.
III. For the year ending in May 1920, the rate of interest earned on the mean net ledger assets was 4-91
per cent before deduction of Income Tax.
IV. The Distrihufion of Surplus —
Life policyholders paying the participating rates of premium share in the divisible profits of the Life
Assurance Branch as ascertained at the quinquennial valuation to the extent of nine tenths, the remaining
one tenth being payable to the shareholders. The respective shares of the profits allocated to the policies
are calculated on the Sum Assured, and all previous Bonuses existing at date of Valuation, multiplied,
in all cases, by the number of years the premium has been paid since the last division of profits.
On Paid up Policies the bonus is allocated in the same way as it would have been allocated if the
policies had been renewable by annual premium.
The profits of the Annuity business belong to the Shareholders only.
Schedule C.
Bonds and debentures —
Par value. Department's
value.
On deposit with Receiver General —
Government —
Canada— Victory Loan ' $ 275,000 00 S 275,000 00
Cztics —
^Z6er<a— Lethbridge 25,000 00 20,500 00
Ontario — •
St. Catharines 15,000 00 14,400 00
Toronto.' 139,673 .34 121,1.55 67
$ 454,673 34 .| 431,055 67
Held by the Company —
Governments —
Canada— Victory Loan ■ $ 543,000 00 .? .543,000 00
Quebec— Bonds 100,000 00 100,000 00
British Columbia— ^ew Westminster 57,000 00 50, 160 00
Otitario— Ottawa. 130,000 00 122,200 00
Towns-
Ontario —
Brockville 16,000 00 15,040 00
CoUingwood 14,111 40 13,217 26
Cornwall 1,8.37 88 1,782 74
Lindsay 45, 000 00 45, 000 00
Trenton 30,000 00 28,800 00
Wallaceburg 5,066 40 4,863 74
West Toronto Junction 3] ,300 00 26,605 00
Q;/e/)ec— Maisonneuve 20, 000 00 16, 600 00
6'c/!oo;— Quebec, R.C .50,000 00 45,000 00
Railways —
Toronto Railway Co., 1st mtge., 1921, 4§ p.c 16,000 00 15,520 00
Winnipeg Electric Ry. Co., 1st mtge., 1927, 5 p.c .50,000 00 47,500 00
Jyl 1 SCgHq-TICOHS —
Canada Permanent Mortgage Corpn., 1922, 5 p.c 25,000 00 25,000 00
Montreal Board of Trade, 2nd mtge., 1922, 5 p.c 5,000 00 4,600 00
Montreal Harbour, 1921, 4 p.c 17,000 00 16,1.50 00
Toronto Mortgage Co., 1923, 5§ p.c 50,000 00 50,000 00
$1,206,315 68 $1,171,038 74
$1,660,989 02 $1,602,094 41
8—19*
290
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
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11 GEORGE V, A. 1921
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DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
THE NORTHERN LIFE ASSURANCE COMPANY OF CANADA.
Statement for the Year ending December 31, 1920.
President, T. H. Purdom, K.C. — Vice-Presidents, W. S. Calvert, Alexander Purdom —
Secretary, J. Wilson Purdom — General Manager, R. C. Macknight — Actuary, W. G.
Fitzgerald — Head Office, London, Ont.
{For List of Directors see Appendix.)
(Incorporated by an Act of Dominion of Canada July 23, 1894, 57-58 Vic, Cap. 122. Licensed July 4,
1896. Commenced business, 1897).
CAPITAL STOCK.
Authorized $ 1.000,000 00
Subscribed 917,000 00
Paid in Cash 490 , 377 50
Premium on Capital Stock paid by Shareholders 101 , 125 99
{For List of Shareholders see Appendix.)
SUMMARY BALANCE SHEET.
Total Ledger Assets .' $ 3,450,893 89
Deduct excess of total book
value of Ledger Assets over
total Department's value 26,592 16
Total Ledger Assets taken at
Department's value $ 3,424,301 73
Non-Ledger Assets 232, 683 25
Liabilities.
Total Liabilities $3, 162,754
Excess of Assets over Liabilities: —
Capital Stock paid in
cash $ 490,377 50
♦Surplus 3,852 50
Total Assets $ 3,656,984 98
494,230 00
Total $ 3,656,984 98
SYNOPSIS OF LEDGER ACCOUNTS.
As at December 31, 1919:—
Net Ledger Assets S 3,191,611 31
Items in suspense 6, 676 88
Total Ledger Assets $ 3,198,288 19
Decrease in Ledger Assets in 1920: —
Disbursements $ 645,952 79
Amount by which Ledger Assets
were written down 55,000 00
Decrease in items in suspense... . 1,834 06
Total decrease S 702,786 85
Increase in Ledger Assets in 1920: —
Income $
955,392 55
Total $ 4,153,680 74
As at December 31. 1920:—
Net Ledger Assets $ 3,446,051 07
Items in suspense 4,842 82
Total Ledger Assets $ 3,450,893 89
Total $ 4,153,680 74
*Surplus contingently apportioned to deferred dividend policies issued prior to January 1, 1911, $ Nil.
LIFE INSURANCE COMPANIES 295
SESSIONAL PAPER No. 8
The Northern Life — Continued.
ASSETS.
Ledger Assets.
Book value of real estate (less $40,358 encumbrances) held by the Company {For details
see Schedule A) $ 146,002 19
Mortgage loans on real estate, first liens 1,212,05171
Loans secured by bonds, stocks or other marketable collaterals (Imperial Oil Co., Ltd.,
^• » stock, 1,439 shares, par value, $35,975; market value, $158,290) 50,650 00
Amount of loans as above on which interest has been overdue for one year or more previous
to statement, $46,835.64.
Amount secured by the Company's policies in force, the reserve on each policy being in
excess of all indebtedness: —
Loans to policyholders $ 296,242 97
Advances to policyholders under automatic non-forfeiture provisions 69,050 63
Premium obligations 1,885 34
367,178 94
Book value of bonds, debentures and debenture stocks owmed by the Company (For details
see Schedule C 1,550,703 69
Book value of stocks owned by the Company (For details see Schedule D) 30,829 12
Cash: At Head and Branch Offices, $6,904.18; in Banks, $86,059.01 {For details see Schedule
E) 92, 963 19
All other ledger assets 515 05
Total Ledger Assets $ 3,450,893 89
Deduct excess of total book value of bonds, debentures and stocks over total Depart-
ment's value 26,592 16
Total ledger assets taken at Department's value $3,424,30173
Non-Ledger Assets.
Interest, dividends and rents, due and accrued: —
Interest or dividends on — Due. Accrued.
Mortgages $ 21,892 67 $ 26,245 25
Collateral loans 1 , 100 40
Bonds and debentures 8,909 29 31,300 02
Premium notes, policy loans and liens 2,514 39
Total interest $ 30,80196 $ 61,160 06
Rents 1,223 34
Totalinterest, dividends and rents, due and accrued. $ 30,80196 $ 62,383 40
93,185 36
Due from other licensed companies on reinsured contracts 124 52
Gross premiums, less reinsured: — First Year. Renewal.
Due and uncollected S 52,322 16 $ 78,362 67
Deferred 5,577 09 11,624 48
Total $ 57,899 25 $ 89,987 15
Deduct commissions and estimated loss in collection 11,579 85 8,998 72
Net premiums due and uncollected, and deferred $ 46, 319 40 $ 80, 988 43
127,307 83
Furniture and office fixtures (less 20%) 12,065 54
Total Non-Ledger Assets S 232,683 25
Total Assets $ 3,656,984 98
LIABILITIES.
Net liability under assurance, annuity, and supplementary contracts in force for payments
not due, dependent on life, disability or any other contingency or on a term certain (<See
Statement of Actuarial Liabilities) $ 3,051,604 89
Net liability for payments due under contracts: —
Death Matured
Losses. Endowments.
Unadjusted $^-.18,643 45 $ 3, 100 00
Resisted— not in suit .' 2,000 00
Totals $ 20,643 45 % 3,100 00
23,743 45
Provision for unreported death losses and disability claims 3,000 00
Amounts left with the Company (arising out of assurance contracts) including interest
accumulations:
Dividends, $1,018.72; all other amounts, $933.34 1,952 06
296
i)i:i',\RTMEXT OF lysi irwcf:
11 GEORGE V, A. 1921
Thk Northern Life — Continued.
U. ABILITIV.S— Concluded.
Received from policyholders in advance: — Premiums $ 1 ,981 96
Net dividends to policyholders due and unpaid 2,974 91
Net profits allotted to deferred dividend policies issued on and after January 1 , 191 1 28, 145 26
Provision for profits to policyholders payalile in the year following the date of account 20,369 56
Provincial, municipal and other taxes due and accrued 10,622 00
Salaries, rents and office expenses, due and accrued 1 ,846 48
Medical examiners' fees due and accrued, $1,534.50; inspection fees accrued, $318 1 ,852 50
Contingent Real Estate fund 9,819 09
Items in suspense 4.842 82
Total Liabilities S 3,162,754 98
SHAREHOLDERS' SURPLUS ACCOUNT.
Balance, Dec. 31, 1919
Interest added during 1920.
Nil. Income Tax .? 1,673 87
27,896 46 Transferred to participating account. 26,222 59
Balance, Dec. 31 , 1920 Nil.
Total .
27,896 46
Total $ 27,896 46
INCOME.
First Year. Renewal. Single.
Assurance premiums $ 207, 970 03 $ 571 , 527 52 S *5, 768 73
Less reinsurance premiums paid 12,089 15
17,994 85
Total net premiums S 195,880 88 $553,532 67 $ 5,768 73
Consideration for annuities, single
Total net premium income and consideration for annuities $
Amounts left with the Company at interest (arising out of assurance contracts): —
Dividends, $863.93; all other amounts, $933.34
Interest, dividends and rents: —
Gross interest or dividends on —
Mortgages (less $931.56 paid for accrued interest on mortgages acquired
during year) $ 74,038 06
Collateral loans 2,452 65
Bonds and debentures (less $12,412.69 paid for accrued interest on
bonds acquired during year) 77, 278 75
Stocks 1,525 09
Premium notes, policy loans and liens 29,820 64
Bank deposits 1,597 65
Total $ 186,712 84
8,726 17
Gross rents for Company's property less $22,643.22 for taxes, expenses and
repairs in connection with such properties, net deduction
Total interest, dividends and rents.
Gross profit on sale or maturity of ledger assets: —
Real estate, $14,630.04; bonds, $4,211.29
'55,182 28
1,585 00
756,767 28
1,797 27
177,986 67
18,841 33
Total Income $ 955, 392 55
*Including $1,-309.27 single premiums paid by application of assurance dividends.
LIFE INSURANCE COMPANIES
297
SESSIONAL PAPER No. 8
The Northern Life — Continued.
DISBURSEMENTS.
In respect of assurance contracts:— Death Matured
Death and endowment claims— Clahns. Endowments.
Amount assured $ 111,512 56 .$ 43,890 70
Bonus addition 400 00
Total I 111,512 56 I 44,290 70
Less received for reinsured 3, 926 65
Net total $ 107,585 91 $ 44,290 70
Net surrender values
Net dividends —
In cash
Left with the company at interest.. .
Applied as single premiums
To purchase bonus addition
To purchase premium reduction.
1,131 65
177 62
17,663 83
863 93
1,309 27
151,876 61
88,982 31
Total net dividends
Interest paid under special policy contracts
In respect of life annuity contracts: — Cash payments to annuitants (less $250.00 reinsured)
Total net disbursements in respect of assurance and annuity contracts.. $
Net payments on supplementary contracts: — Not involving life contingencies
Net reduction in premiums resulting from application of dividends
*Taxes, licenses and fees (including taxes on investments but excluding taxes on real estate)
*Head office expenses:— Salaries, $36,093.52; directors' fees, $1,587.50; auditors' fees,
$900; travelling expenses, $3,088.25; rents, $2,760.00
*Branch office and agency expenses: — Assurance commissions — first year, $108,920.16;
renewal, $20, 138.71; single, $181.88; advanced to agents, $41,634.43; salaries,
$71 , 777 .32; travelling expenses, $20, 055 . 10; rents, $9, 452 .92
*A11 other expenses:— Advertising, .$2,583.29; books and periodicals, $981.72; express,
telegrams and telephones, $3,150.01; legal fees, $905.68; medical fees, $18,581.00;
office furniture, $3,758.93; postage, $3,574.85; printing and stationery, $9,329.17;
commissions on loans, $123.53; appraisement expenses, $36.00; collection expenses,
$198.25; exchange, $96.93; commission on real estate, $203.10; transfer charges,
$3.00; inspections, $505.50; miscellaneous, $6,573.82
19,837 03
1,016 72
1,101 00
262.813 67
14
996 90
79 95
867 70
44
429 27
272
160 52
50,604 78
Total Disbursements $ 645,952 79
EXHIBIT OF ANNUITIES
Classification.
Life Annuities
Proper.
Arising out of Life
Assurance Contracts
Not involving Life
Contingencies.
Totals.
No.
Annual
Payment.
No.
Annual
Payment.
No.
Annual
Payment.
At end of 1919
$ cts.
5 1,351 00
1 250 00
4
$ cts.
996 90
9
1
$ cts.
2,347 90
250 00
At end of 1920
6 1,601 00
4
996 90
10
2,597 90
250 00
250 00
1
♦Investment expenses included in these items: — Salaries: Head Office, $5,231.11: travelling expenses
Head Office, $463.24; taxes on investments, $71.02; commissions on loans, $326.63; appraisement
expenses, $36; directors' fees, $317.50; legal fees, $110; stationery and printing, $669.75; postage, $714.97;
Books and periodicals, $346.50; transfer charges, $3; sundries, $119.12.
Total investment expenses $ 8,408.84.
298
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
The Northern Life — Continued.
EXHIBIT OF POLICIES
(For policies herein included involving disability benefits see Abstract.)
Classification.
Whole Life.
Endowment
Assurances.
Term and
Other.
Bonus
Addi-
tions.
Totals.
No.
Amount.
No.
Amount.
No.
Amount.
No.
Amount.
At end of 1919
New issued
9,807
3,308
62
$
14,387,640
6,835,508
107,993
7,058
50,241
2,439
443
9
2
S cts.
3,136,758 70
721,923 00
9,4.30 00
561 00
2,008 50
143
44
$
354,350
189,000
$ cts.
1,158 50
12,389
3,795
71
'""22
S cts.
17,879,907 20
7,746,431 00
117 423 00
Old revived
Old increased
2,389 00
10,008 00
53,749 50
Transferred to
18
2
1,500
Totals.
13,195
21,388,440
2,893
3,870,681 20
189
544,850
3,547 50
16,277
25,807,518 70
Less ceased by: —
Death
60
74,500
18
32
25,570 00
38,815 70
78
32
14
236
1,551
100 070 00
Maturitj'
400 00
39 215 70
Expiry
14
30,500
30 500 00
Surrender
203
1,374
298,820
2,381,747
33
149
48,010 00
211,465 00
3,. 500 00
83,524 00
3,. 500 00
346 830 00
Lapse
28
92,500
2,685,712 00
3 500 00
Decrease
Not taken
163
12
274,-320
28,675
57
2
1
7
5,000
16,000
221
21
362,844 00
48, 175 00
Transferred from . . .
Total ceased
1.812
3,0.58,062
291
414,384 70
50
144,000
400 00
2,153
3,616,846 70
At end of 1920
11,383
18,. 3.30, 378 1 2,602
3,456,296 50
139
400,850
3,147 50
14,124
22,190,672 00
Reinsured
751,127
109,578 00
58,500
919 205 00
MISCELLANEOUS
New policies issued and paid for in cash: — Number 2,778; gross amount, 85,646,200; rein-
sured in other licensed companies, §268,938.
Net amount in force divided as to dividend plan:— Quinquennial, -SS, 743,408; deferred,
.§12,365,098; Non-participating, .?3. 162,961.
Total $ 21,271,467
STATEMENT OF ACTUARIAL LIABILITIES
Assurance Section.
Class of Contract.
G]
ross in Force.
Reinsured in Companies
licensed in Canada.
Number.
Amount.
Reserve.
Amount.
Reserve.
Ordinary with Profits: —
Life
10,312
2,277
8
$ cts.
15,622,846 00
2,889,952 50
12,500 00
3,147 50
S cts.
1,876,995 96
972,984 42
146 69
1,435 59
167 74
6,424 99
S cts.
381,390 00
38,550 00
S cts.
27,674 89
4, 102 87
Endowment Assurance
Term, etc
Bonus Addition
Premium Reduction
Disability Benefit. . •
Totals
12, 597
18,528,446 00
2,858,155 39
419,940 00
31,777 76
Ordinary vnthout Profits: —
Life
1,071
325
131
2,707,532 00
566,344 00
388,350 00
227,403 37
107,597 58
2,690 95
1,084 41
369,737 00
71,028 00
58,500 00
12,916 60
Endowment Assurance
Term, etc
7,025 56
402,32
Disability Benefit
Totals
1,527
3,662,226 00
338,776 31
499,265 00
20,344 48
Grand Totals
14,124
22,190,672 00
3,196,931 70
919,205 00
52,122 24
LIFE INSURANCE COMPANIES
299
SESSIONAL PAPER No. 8
The Northern Life — Continued.
STATEMENT OF ACTUARIAL LIABILITIES— ConcZwded.
Annuity Section.
Class of Annuity.
Gross in Force.
Reinsured in Companies
licensed in Canada.
Number.
Annual
Payment.
Reserve.
Annual
Payment.
Reserve.
With Profits:—
Supplementary contracts: —
Not involving life contin-
4
$ cts.
996 90
$ cts.
10,457 21
$ cts.
$ cts.
Without Profits:—
6
1,601 00
9,467 00
250 00
1,517 CO
Grand Totals
10
2,597 90
19,924 21
250 00
1,517 00
.
SUMMARY OF RESERVE.
With Without
Profits. Profits. Total.
Total reserve, policy and annuity contracts $2,868,612 60 $ 348,243 31 $3,216,855 91
Total reserve on reinsured contracts 31,777 76 21,86148 53,639-24
Total net reserve on the Company's (Statutory) basis of
valuation $2,8.36,834 84 $ .326,38183 $3,163,216 67
Deduction made therefrom (being the full deduction per-
mitted under Section 43 (3), Insurance Act. 1917) .... 89,422 01 22, 189 77 111,611 78
Net reserve carried in the liabilities $2,747,412 83 $ 304,192 06 $3,051,604 89
MISCELLANEOUS STATEMENT.
I. The Calculation of the "Reserve" in the "Statement of Actuarial Liabilities" —
(1) Policy Contracts are valued individually, being listed in order of Policy Numbers by plan and
year of issue. The valuation schedules show the terminal reserves preceding and following the valuation
date as well as the net premiums and death strains. This permits of the balancing of each page and ensures
the accuracy of the valuation. The mean reserves are deduced for individual plans only, and for the
whole business from the totals of the above-mentioned items. .
The age at entry is the age nearest birthday and the duration in each case is N + i. where N is the
difference between the calendar years of issue and valuation.
The Annuity Contracts are valued individually.
The Insurance Contracts were valued by the Om (5) Table of Mortality with 3i% interest, and the
Annuity Contracts by the British Offices Select Annuity Tables with 3^% interest.
Special Classes —
(a) The Company has not issued Policies on lives resident in tropical or sub-tropical countries.
(6) The Company does not issue Policies at premiums corresponding to ages higher than the true
ages,
(c) Policies providing for the payment at death during certain periods of amounts less than the full
amounts of insurance (being policies subject to liens) are valued as ordinary policies without such
restrictions. _ _
{d) Policies with extra premiums, either single or annual, are valued as ordinary yolicies without
such charges,
(e) In dealing with sub-standard lives the Company uses no method other than to charge an extra
premium or place a lien on the policy. Such cases are valued as in (c) and {d) preceding.
(/) Policies issued with the Disability Benefit (Premium Waiver) are valued as ordinary policies
without the benefit but 75 per cent of the extra premiums received in respect of the benefit is held
as a special reserve.
There are no policies under which the disability benefit has been claimed.
(g) No annuities have been issued to under average lives.
(2) Items of Special Reserve —
No special reserves are maintained except as follows: —
(6) Where surrender values are guaranteed in excess of the reserve on the valuation basis the amount
of the excess is treated as a pure endowment and valued accordingly.
(/) Policies carrying guaranteed interest payments have additional resei-ves attached equal to the
amount of the outslanding interest payments.
300
nEi'Ah'T\fi:\T or i\sr range
11 GEORGE V, A. 1921
The Northehn Life — Continued.
MISCELLANEOUS STATEMENT— ConcZwd'd.
II. The special class policies referred to in I (1) (d) namely, policies issued at or subsequently suVjject to an
extra premium are not entitled to the extended term insurance privilege, while subject to such extra
diarge.
III. The average rate of interest earned during the year on the mean net ledger assets was 5-97 per cent
IV. Distribution of Surplus —
(a) In dividing the surplus between the shareholders and policyholders the shareholders are given
10% of the surplus arising from participating policies and all surplus arising from non-participating
policies.
(6) The dividends paid in 1919 were determined on the basis of the loadings only, from which deduc-
tions were made for expenses. These deductions were such that 65% of the premiums was returned
in the case of life policies and 5% in the case of endowments. Where dividends were applied
to reduce future premiums the amount of the reduction was computed by using the net annuity
value on the Om (5) 85% basis.
Where dividends were applied to purchase a reversionary bonus addition, the single premium
used was that for attained age on the Om (5) 85% basis loaded five per cent.
No dividends were applied to shorten the premium paying term or reduce the endowment
period.
Surplus has been apportioned to deferred dividend policies issued after January 1, 1911 on
same basis,
(c) The C'ompany issued non-participating annuities only.
DEFERRED DIVIDEND POLICIES.
Issued prior to January 1, 191 1. No profits have as yet been contingently apportioned thereto.
Year
of
Issue.
1897. .
1898..
1899. .
1900..
1901..
1902. .
1903.
1904.
Total Net
Amount
in Force.
f 1,000
500
11,000
5,000
2.38.16.3
258,069
287,019
266,645
Year
of
Is.sue.
1905 .
1906..
1907 .
1908 .
1909. .
1910 .
Total Net
Amount
in Force.
I 324,931
265,889
314,133
357,382
351,7.35
349,735
Totals S 3,031,201
Issued on and after .January 1, 1911, and Amount of Profits credited thereto.
Year
of
Issue.
1911.
1912,.
1913..
1914..
1915..
1916..
Total Net
Amount
in Force.
5 483,612
.595,790
.548,207
460,549
463,361
5.55,495
Profits
Credited.
5, 196 04
6,482 51
6,096 11
5.582 13
4,788 47
Nil.
Year
of
Issue.
1917...
1918.. .
1919...
1920..
Total Net
Profits
Amount
Credited,
in Force.
; 791,224
Nil.
865,380
Nil.
1,976,342
Nil.
2,593,937
Nil.
Totals $ 9,333,897 $ 28,145 26
Schedule A.
Book and
Real estate — Actual cost. Depart-
ment's value.
Alberta —
Calgary, Lot 34 and E. | Lot 35, Bl. 39, Sec. 15,
Plan A $ 6,275 80 $ 6,275 80
Edmonton, Lot 179, Blk. 5, Hudson Bay Res 7,910 90 7,910 90
Rural property, nine parcels 17,065 75 17,065 75
Manitoba —
Brandon, Plan 86, .sec. 26-10-19, W 1, No. 86 12,441 24 12,441 24
Winnipeg, S. 29-95 ft. Lot 33, Blk. 3, D.G.S 25,000 00 25,000 00
Ontario —
Port Arthur, 225 McVicar St 3,823 61 3,823 61
Toronto, E.S. Yonge St. , Lot 1 , Plan 81 95, 000 00 59, 642 00
Toronto, Lot 16, Gaffney land 400 00 400 00
Quebec— MontToa] , 373 Marlowe Ave 10, 820 ,53 10, 820 53
Saskatrhfirayi —
Saskatoon, 1912 Franklin Ave 1,. 584 06 1,. 584 06
Rural property, one parcel 1 , 038 30 1 , 038 30
$ 181,360 19 $ 146,002 19
LIFE INSURANCE COMPANIES
301
SESSIONAL PAPER No. 8
The Northern Life — Continued.
Schedule C.
*Bonds and debentures — Par value. Book value. Department
CrOVCTTlTTlCTltS' —
Canada— Victory Loan $ 158,5.50 00 .$ 1.58,484 89
Provinces of Canada —
Alberta— Debentures 10, 000 00 9, 796 10
Saskatchewan— Bonds 60,000 00 57,640.37
Registered Stock 1 , 216 67 9.54 47
Other Governments —
United Kingdom of Great Britain and
Ireland— Bonds 20,000 00 20,000 00
Newfoundland— Bonds 37, 166 67 33, .529 98
Russia— Internal Loan 60,427 50 33,542 46
value.
S 158,550 00
9,796 10
.57,640 37
954 47
20,000 00
.33,638 34
18,761 30
Cities —
Alberta —
Calgary .S 56, 100 00
Edmonton 68, 046 67
Lethbridge 18,006 67
Red Deer 2,004 35
Wetaskiwin 18,007 85
British Columbia —
Fernie 20,000 00
Kelowna 9 , 000 00
Nelson 6,000 00
Trail 7,500 00
Vernon 5,000 00
Victoria , . . 10,000 00
Manitoba —
Brandon 2, 000 00
Winnipeg 17,422 66
Ow<ano— London 25,000 00
Owe?)ec— Montreal 79, 326 67
Saskatchewan —
Moose Jaw 44,773 33
Regina 33, 580 00
Saskatoon 54, 749 99
Weyburn 15,573 64
$347,360 84 $313,948 27 $ 299,340 fiS
43,964 .38
48,499 ,58
12,653 62
1,988 64
15,269 94
20,000 00
7,557 41
5,820 06
7,1.30 41
4,549 15
9,350 8 3
1,816 85
12,769 48
10,000 00
41,881 09
34,065 41
26, 160 23
39,923 08
14,850 53
43,963 68
48,499 58
12,653 62
1,964 26
15,666 83
16,800 00
7,830 00
5,820 00
6,975 00
4,950 00
9,3.50 83
1,816 85
12,769 48
11,150 00
41,941 09
.34,065 41
26,160 23
39,9?3 08
15,098 72
Towns —
Alberta —
Cr^ro-ation $ 8.8^9 63
Tofield 8,597 96
Vegreville 10, 175 94
Four other towns, par value for each under
$6,200 13,280 91
Manitoba— Russell 1 , 620 67
Nova Scotia— G\a.ce Bay 2, 500 00
Ow^ano— Sandwich 912 18
Qvebec —
Montreal North 15,000 00
Pointe Aux Trembles 10,000 00
Saskatchewan —
Canora 15,852 89
Estevan 11,814 77
Humboldt 16,690 76
Kamsack 10,603 28
Thirteen other towTis, par value for each
under $7,700 40, 181 18
492,091 83 $ 358,250 69 $ 357,398 66
8.. 328 69
8,597 96
10,175 94
12,688 90
1,491 14
2,218 56
954 18
15,000 00
10,141 38
15,488 23
9,682 15
14,853 90
9,410 85
38,651 22
8,446 89
8,2.54 04
9,361 86
12,8.32 .59
1,491 14
2,225 00
9.54 18
15,000 00
9,900 00
14,267 60
10,153 26
16,023 13
9,648 98
38,471 02
$ 166,050 17 $ 157,683 10 $ 157,029 69
Villages —
^Z&erta— Three villages $ 2,110 00 $ 2,07151 $ 2,020 50
Saskatchewan —
Yellow Grass 7,889 01 7,889 01 7,889 01
Forty-two other villages, par value for each
under $3,800 52,42147 51,463 97 50,528 72
$ 62,420 48 $ 61,424 49 $ 60,438 23
*Of which are on deposit with Receiver General:— City of Fernie, .$20,000; Town of Glace Bay, $2, .500;
Municipality of Penticton, $6,000; Canadian Northern Alberta Ry., £2,000; Canadian Northern Western
Ry., £6,800.
302 DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
The Northern Life — Concluded.
Schedule C — Concluded.
Bonds and debentures— Conc/udetf. ^ ,. , ^ , ,^ , ^
Townships, Districts or Municipalities — Par V aluc. Book Value. Department s
British Columbia— Value.
Coldstream $ 5,000 00 $ 4,20133 S 4,250 00
Penticton " 14,000 00 13,942 41 12,232 41
PointGre'y 16,546 51 13,104 11 13,99143
Gr?at°c7winnipeg Water District 31 , 925 33 26, 536 33 26, 536 33
St. Vital 8,800 00 7,76122 7,76122
$ 76,271 84 $ 65,545 40 $ 64,771 39
"^t/onii^ba— Two schools $ 2,900 00 S 3,010 86 $ 3, 103 00
Saskatchewan-Tvfo schools 2,046 26 1,984 96 2,190 76
$ 4,946 26 $ 4,995 82 $ 5,293 76
Railways—
Canadian Northern Ry., 1st Mtge. (G teed „ „ „ „
by Manitoba), 1930, 4 p. 0 $ 16,546 67 $ 13,983 72 $ 13,983 72
Canadian Northern Alberta Ry., 1st Mtge.,
(G'teed by Dom. of Canada), 1960,
3ip.c 9,733 33 8,050 15 6,910 66
Canadian Northern Ontario Ry., 1st Mtge.,
(G'teed by Dom. of Canada), 1961,
3ip.c 7,300 00 4,73104 4,73104
Canadian Northern Pacific Ry., 1st Mtge.,
(G'teed by British Columbia), 1950,
4p.c 29,200 00 19,690 49 19,690 49
Canadian Northern Pacific Ry., 1st Mtge.,
(G'teed by British Columbia), 1950,
4ip.c 9,733 33 6,946 63 6,946 63
Canadian Northern Western Ry., 1st Mtge.,
(G'teed by Alberta), 1942, 41 p.c 29,200 00 21,88106 21,88106
Canadian Northern Western Ry., 1st Mtge.,
(G'teed by Alberta), 1943, 4^ p.c 33,093 33 28,757 69 27,660 18
Chatham, Wallaceburg and Lake Erie Ry.,
1st. Mtge., 1925, 5 p. c 60,000 00 57,509 34 42,000 00
Grand Trunk Pacific Ry. ,1st Mtge. (G'teed
by Saskatchewan), 1939, 4 p.c 61,752 00 48,285 70 48,204 39
Grand Trunk Pacific Ry., 1st Mtge.
(G'teed by Alberta), 19.39, 4 p.c 7,300 00 5,801 24 5,801 24
Grand Trunk Pacific Ry., 1st Mtge. (G'teed
by Alberta), 1942, 4 p.c 19.440 00 14,82176 14,82176
Grand Trunk Pacific Ry. (G'teed by Dom. ,„,„„„
of Canada), 1962, 4 p.c 34,020 00 25,718 09 25,718 09
London and Lake Erie Ry. and Transporta-
tion Co., 1st Mtge., 1944, 5 p.c. (balance
for adjustment by sale) 1,858 08 1,858 08
Maritime Coal, Ry. and Power Co., Ltd., . „„ „ „„„ „„
IstMtge.. 1934, 6p.c 10,000 00 9,454 27 8,200 00
PacificGreatEasternRy.,lstMtge.(G'teed „ „„ ,or ,o
by British Columbia), 1942, 4i p.c... 29,200 00 23,135 18 23,135 18
Sandwich, Windsor and Amherstburg Ry.,
Cons. Mtge., 1922, 4i p.c 6,000 00 5,943 60 5,400 00
$ 362,518 66 $ 296,568 04 $ 276,942 52
Miscellaneous — ■ ^
Abitibi Power and Paper Co., Ltd., Gen.
Mtge. S.F., 1940, 6 p.c $ 57,000 00 $ 49,590 00 $ 49,590 00
Drummond Apartment Buildings, IstMtge.
1927 6i DC 9,000 00 8,550 00 8,550 00
1929! ol p.c'.! '.'.'. 30,000 00 29,205 33 29,205 33
Mattagami Pulp and Paper Co., Ltd., 1st.
mtge., 1937, 6 p.c... 30,000 00 28,895 61 25,500 00
Nova Scotia Steel and Coal Co., Ltd.,
1919 or later, 6 p.c 40,782 66 38,098 98 38,743 53
Wm. A. Rogers, Ltd., 1st. Mtge., 1925 and
1926, 6 PC... 32,000 00 31,076 50 31,076 50
Toronto Harbour Commissioners, 1st Mtge., „ _„, „.
(G'teed by Toronto), 1953, 41 p.c 80,000 00 68,58139 68,58139
Whalen Pulp and Paper Mills, Ltd., 1932,
7 p.c... 40,000 00 38,290 07 38,290 07 •
$318,782 66 $292,287 88 $289,536 82
$1,830,442 74 $1,550,703 69$ 1,510,751 65
LIFE INSURANCE COMPANIES 303
SESSIONAL PAPER No. 8
The Northern Life — Concluded.
Stocks —
British America Assurance Com-
pany
Bank of Toronto
Dominion Telegraph Company...
Imperial Oil Company
Landed Banking and Loan Co
London Street Railway
Maritime Coal Railway and Power
Company
Western Assurance Co
SCHI
SDULE D.
No. of
shares.
Par Value.
Book Value.
Department's
Value.
200
50
20
140
15
106
$ 5,000 00
5,000 00
1,000 00
3,500 00
1,500 00
4,240 00
$
2,500 00
10,634 37
1,150 00
7,233 50
1,821 25
4,240 00
%
3,500 00
9,100 00
820 00
15,400 00
2,0.55 00
2,544 00
50
250
5,000 00
5,000 00
750 00
2,500 00
500 00
4,000 00
$ 30,240 00
S
30,829 12
%
37,919 00
600
60,000 00.
9,000 00
30,000 00
90
2,070 00
300
4,200 00
$ 129,240 00
$
30,829 12
%
44,189 00
Bonus stocks — ■
Chatham, Wallace burg and Lake
Erie Ry
Mattagami Pulp and Paper Co
Whalen Pulp and Paper Co
Schedule E.
Cash in banks. .
Dominion Savings Loan and Investment Society — London, Ont $ 35,816 19
Bank of Toronto— London, Ont 36, 153 90
Canadian Bank of Commerce — London, Ont 14,450 81
Less Overdraft— $ 86,420 90
National City Bank— New York 361 89
$ 86,059 01
304
DEI'ARTMEyf OF INSURANCE
11 GEORGE V, A. 1921
NORTHWESTERN MUTUAL LIFE INSURANCE COMPANY.
Statement for the Year ending December 31, 1920.
President, W. D. Van Dyke — Secretary, A. S. Hathaway — Actuary, Percy H. Evans —
Principal Office, Milwaukee, Wisconsin, U.S.A. — Attorney in Canada — J. P. Angu.s.
(Organized and incorporated under the laws of the state of Wisconsin, U.S.A., March 2, 18.57. Commenced
business in Canada November, 1871. Withdrew March, 1878.)
No Capital Stock.
ASSETS IN CANADA.
Ledger Assets.
Held solely for the protection of Canadian Policyholders.
Department's value of bonds and debentures on deposit with the Receiver General
(Canada Victory Loan, par value, §60,000) $ .58,96.3 96
Other Ledger Assets.
Amount of loans to policyholders secured by the Company's policies in force, the reserve on
each policy being in excess of all indebtedness 7, 252 00
Total Ledger Assets S 66,215 96
Non-Ledger Assets.
Interest accrued on policy loans % 242 14
Net renewal premiums, deferred '. 48 78
Total Non-Ledger Assets S 290 92
Total Assets in Canada % 66,506 88
LIABILITIES IN CANADA.
Net liability under assurance contracts and additions in force $ 44,029 (X)
Net liability for unadjusted payments due under contracts: — Death losses 6,000 00
Total Liabilities in Canada $ 50,029 00
INCOME IN CANADA.
Assurance premiums, renewal % 1,235 71
Interest on policy loans ; 408 59
Total Income in Canada % 1,644 30
DLSBURSEMENTS IN CANADA.
In respect of assurance contracts: —
Death claims, amount assured $ 7, 150 00
Net dividends in cash 199 82
Total net disbursements in respect of assurance contracts S 7, 349 82
Net reduction in premiums resulting from application of dividends 725 22
Taxes, licenses and fees (including taxes on investments but excluding taxes on real estate). 1 25
All other expenses: — Attorney fee 25 00
Total Disbursements in Canada $ 8, 101 29
LIFE INSURANCE COMPANIES
306
SESSIONAL PAPER No. 8
Northwestern Mutual — Concluded.
EXHIBIT OF POLICIES.
Classification.
Whole Life.
No.
Amount.
At end of 1919 -
70
$
77,703
Less ceased: —
By death
6
13 150
At end of 1920
64
64 553
Total amount in force divided as to dividend plan — Annual, $55,658; non-participating,
$8,895.
Total S
64,553
8—20*
306 DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
THE NORWICH UNION LIFE INSURANCE SOCIETY.
{Including the old business of The Reliance Mutual Life Assurance Society.)
Statement for the Year ending December 31, 1920.
General Manager and Actuary, Davidson Walker — Secretary, M. Mackenzie Lees —
Principal Office, Norwich, Eng. — Chief Agent in Canada, John B. Laidlaw — Head Office in
Canada, Toronto.
(The Reliance Mutual established 1840. Commenced business in Canada August 1, 1868. Norwich
Union established 1808. License issued October 18, 1899).
No Capital Stock.
ASSETS IN CANADA.
Ledger Assets.
Held solely for the protection of Canadian Policyholders.
Bonds and debentures on deposit with Receiver General —
Par Department's
Government — Value. Value.
Newfoundland —Bonds $ 24, 333 33 $ 17,276 66
Cities —
St. John, N.B 21,900 00 19,053 00
Quebec 17,033 33 16,011 33
Toronto 85,166 67 73,000 00
Vancouver 33,846 67 27,731 20
$ 182; 280 00 $ 153,072 19
Carried out at Department's value $ 153,072 19
Other Ledger Assets.
Cash in Imperial Bank of Canada, Toronto 3,247 32
Total Assets In Canada $ 156,319 51
LIABILITIES IN CANADA.
Net liability under assurance contracts in force for payments not due, dependent on life,
disability or any other contingency or on a term certain (estimated) S 128,000 00
Net liability for payments due under contracts: — Death losses, adjusted but unpaid 724 38
Total Liabilities in Canada $ 128,724 38
INCOME IN CANADA,
(Assurance premiums, renewal $ 2, 539 75
Interest on loans on policies 292 22
Total Income in Canada $ 2,831 97
DISBURSEMENTS IN CANADA.
In respect of assurance contracts —
Net surrender values
Taxes, licenses and fees (including taxes on investments but excluding taxes on real estate).
Branch office and agency expenses: — Assurance commissions, renewal
All other expenses: — Legal fees
Total Disbursements in Canada $
,$
5,454 75
204 82
68 24
50 50
$
5,778 31
LIFE INSVRAi\CE COMPANIES
307
SESSIONAL PAPER No. 8
Norwich Union — Concluded,
EXHIBIT OF POLICIES
Classification.
Whole Life.
Endowment
Assurances.
Bonus
Additions.
Totals.
No.
Amount.
No.
Amount.
No.
Amount.
At end of 1919
67
6
$ cts.
90,009 97
30,000 00
4
$ cts.
18,500 00
$ cts.
12,216 77
71
6
$ cts.
120,726 74
Less ceased by: —
30,000 00
At end of 1920
61
60,009 97
4
18,500 00
12,216 77
65
90,726 74
8—20^*-
308 DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
PHCENIX ASSURANCE COMPANY, LIMITED.
Statement for the Year ei-toing December 31, 1920.
Chairman, Sir Gerald H. Ryan, Bart.— General Manager, R. Y. Sketch— Actuary, A. T.
WINTER, F.I.A. — Principal Office, London, England— Joint Managers for Canada, R. Macd.
Paterson and J. B. Paterson — Head Office in Canada, Montreal.
Canadian Directors.
C. W. Dean, J. M. McIntyre, Brig. Gen. F. S. Meighen, Sir H. K. Egan.
(Incorporated 1782. Commenced business of fire insurance in Canada, 1804. License for life insurance
issued April 4, 1910.)
^ , CAPITAL STOCK.
Authorized and subscribed £ 3,667,795
Paid in cash '..'.'..'.... 880 000
ASSETS IN CANADA.
Ledger Assets.
Held solely for the Protection of Canadian Policyholders.
Mortgage loans on real estate held by Trustees, first liens $ 896, 064 96
Department's value of bonds, debentures and debenture stocks owned by the Company {For
details see Schedule C) : —
On deposit with the Receiver General, $735,650.83; held by Trustees, $929,752.60 1,665,403 43
Other Ledger Assets.
Book value of real estate, unencumbered, held by the Company (British Empire Bldg.,
Montreal, 1204,067.95; 4115-21 St. Catherine St., Westmount, $23,144.42) 227,212 37
Amount of loans as above on which interest has been overdue for one year or more previous
to statement, $36,599.31.
Loans to policyholders secured by the Company's policies in force, the reserve on each
policy being in excess of all indebtedness 258, 533 51
Department's value of bonds, debentures and debenture stocks owned by the Company
{For details see Schedule C) 64, 350 00
Cash: At Head Office, $49.23; in Bank of Montreal, Montreal, $128,172.02 128,221 25
Total Ledger Assets $ 3,239,785 52
Non-Ledger Assets.
Interest, dividends and rents, due and accrued: — Due. Accrued.
Interest on —
Mortgages $ 10,048 87 $ 27,238 17
Bonds and debentures 973 33 18, 336 57
Bank deposit 347 92
Total interest $ 11,022 20 $ 45,922 66
Rents 1,729 13
Total interest, dividends and rents, due and
accrued $ 11,022 20 $ 47,65179
Gross premiums, less reinsured: — First Year. Renewal.
Due and uncollected $ 518 28 $ 41 , 555 76
Deduct commissions and estimated loss in collection 185 00 1,235 00
I 58,673 99
Net premiums due and uncollected $ 333 28 $ 40,320 76
40,654 04
Fire insurance commission uncollected due Life Dept 413 12
Total Non-I.«dger Assets $ 99,741 15
Total Assets in Canada % 3,339,526 67
LIFE INSURANCE COMPANIES 309
SESSIONAL PAPER No. 8
Phcenix Assurance — Continued.
LIABILITIES IN CANADA.
Net liability under assurance, annuity, and supplementary contracts in force for payments
not due, dependent on life, disability or any other contingency or on a term certain {See
Statement of Actuarial Liabilities) $ 2,634,631 00
Net liability for unadjusted payments due under contracts: — Death losses, $5,375.91;
matured endowments, $82.10
Received from policyholders in advance: — Interest
Net dividends to policyholders due and unpaid
Provincial, municipal and other taxes due and accrued
Salaries, rents and office expenses, due and accrued
Medical examiners' fees due and accrued, $10; legal fees due and accrued, $50
Advance payments other than from policyholders: — Interest
Total Liabilities in Canada.
5,458 01
7,000 00
222 50
5,000 00
696 67
60 00
999 95
.$ 2,654,068 13
INCOME IN CANADA.
First Year. Renewal. Single.
Assurance premiums $ 22,315 78 $211,140 92 $ *13,237 64
Less reinsurance premiums paid 2,855 00 11,119 68
Total net premiums $ 19,460 78 $200,02124 $ 13,237 64$ 232,719 66
Interest, dividends and rents: —
Gross interest or dividends on —
Mortgages ■ $ 57,803 20
Bonds and debentures (less $1,618.36 paid for accrued interest on bonds
acquired during year) 84, 282 00
Premium notes, policy loans and liens 17, 152 23
Bank deposit 1.977 53
Total $ 161,214 96
Gross rents for Company's property less $18,717.68 for taxes, expenses and
repairs in connection with such properties 506 25
Total interest, dividends and rents 161,721 21
Profit on exchange 4,355 41
Total Income in Canada $ 398,796 28
DISBURSEMENTS IN CANADA.
In respect of assurance contracts: — Death Matured
Death and endowment claims— Claims. Endowments.
Amount assured $ 91,116 59 $ 56,24150
Bonus addition 13,720 30 9,060 00
Total $104,836 89 $ 65,30150$ 170,138 39
Net surrender values 28, 827 35
Net dividends —
In cash. $ 1,817 48
Applied as single premiums: — To purchase premium reduction. 28 64
Total net dividends 1,846 12
In respect of life annuity contracts: — Cash payments to annuitants 1, 764 00
Total net disbursements in respect of assurance and annuity contracts.. $ 202,575 86
Net reduction in premiums resulting from application of dividends 1,015 98
Taxes, licenses and fees (including taxes on investments but excluding taxes on real estate).. 4,191 98
Head office expenses: — Salaries, $16,274.02; directors' fees, $600; auditors' fees, $500; travel-
ling expenses, $390.30; pensions, $1,599.96; trustees fees, $686.49 20,050 77
Branch office and agency expenses: — Assurance commissions — first year, $6,345.53; renewal,
$4,830.13; single, $660.45; rents, $300 12, 136 11
All other expenses: — Advertising, $63.84; legal fees, $326; medical fees, $1,691.04; telegrams
and postage, $519.09; printing and stationery, $876.54 3,476 51
Total Disbursements in Canada $ 243,447 21
*Including $28.64 single premiums paid by application of assurance dividends.
310
DEPARTMENT OF INSURANCE
Phcenix Assurance — Continued.
EXHIBIT OF ANNUITIES.
11 GEORGE V, A. 1921
Life Annuities
Proper.
No.
Annual
Payment.
At end of 1919
5
1
$ cts.
1 628 24
Less ceased by: —
Death
164 24
At end of 1920
4
1,464 00
EXHIBIT OF POLICIES.
(For policies herein included involving disability benefits see Abstract.)
Classification.
Whole Life.
Endowment
Assurances.
Term and
Other.
Bonus
Additions
Totals.
No.
Amount.
No.
Amount.
No.
Amount.
No.
Amount.
At end of 1919
1,613
S3
$ cts.
4,961,099 26
374,500 00
577
51
$ cts.
1,651,240 00
160,500 00
800 00
17,500 00
123
9
$ cts.
568,000 00
38,000 00
$ cts.
626,925 22
2,313
143
S cts.
7,807,264 48
573 000 00
Old revived
800 00
Transferred to
6
22,000 00
3
9
39,500 00
Totals
1,702
5,357,599 26
631
1,830,040 00
iw
606,000 00
626,925 22
2,465
8,420,564 4
Less ceased by —
Death
31
86,203 00
4
14
5,000 00
45,500 00
13,720 30
9,060 00
35
14
7
22
24
4
6
104,923 30
Maturity
54,560 00
7
33,000 00
33,000 00
13
11
47,000 00
29,836 00
3,042 00
6,000 00
15,000 00
9
5
"l
73,500 00
11,500 00
11,012 50
2,000 00
17,280 50
137,780 50
8
51,500 00
92,836 00
Decrease
629 00
14,683 50
Not taken
3
2
8,000 00
4
24,500 00
39,500 00
Total ceased
60
187,081 00
33
148,512 50
19
109,000 00
40,689 80
112
485,283 30
At end of 1920
1,642
5,170,518 26
598
1,681,527 50
113
497,000 00
586,235 42
2,353
7,935,281 18
Reinsured
233,610 00
65,000 00
80,000 00
30,525 74
409,135 74
MISCELLANEOUS
New policies issued and paid for in cash: — Number, 169; gross amount, $659,000.00; rein-
sured in otlier licensed companies, $50,000.00.
Total amount in force divided as to dividend plan: — Quinquennial, S5, 162, 604; deferred,
$65,500.00; bonus additions, .§586,235.42; non-participating, .$2,120,941.76.
Total $ 7, 935, 281 18
LIFE INSURANCE COMPANIES
311
SESSIONAL PAPER No. 8
Phcenix Assurance — Continued.
STATEMENT OF ACTUARIAL LIABILITIES
Assurance Section
Class of Contract.
Gross in Force.
Reinsured in
licensed
Companies
in Canada.
No.
Amount.
Reserve.
Amount.
Reserve.
Ordinary with Profits: —
Life
1,340
511
S cts.
4,432,444 97
1,381,894 45
1,715,459
495,393
90,308
$ cts.
121,754 50
78,771 24
49 771
38 937
Additional Reserve for Loading, etc
Totals
1,851
5,814,339 42
2,301,160
200,525 74
88,708
Ordinary without Profits: —
Life
302
87
113
1,247,407 76
376,534 00
497,000 00
314,652
89,871
17,972
10,793
128,610 00
15,431
Endowment Assurance
80,000 00
1 752
Additional Reserve for Loading, etc
Totals
502
2,120,941 76
433,288
208,610 00
17,183
Grand Totals
2,353
7,935,281 18
2,734,448
409,135 74
105,891
ANNurrY Section.
Gross in force.
Class of Annuity
No.
Annual
Payment.
Reserve
Without Profits:—
Life Annuities Prooer
4
1,464
$
6,074
SUMMARY OF RESERVE.
With Without
Profits. Profits.
Total reserve, policy and annuity contracts $ 2,301,160 $ 439,362
Total reserve on reinsured contracts 88,708 17, 183
Total net reserve on the Company's basis of valuation (carried
in the liabilities) $ 2,212,452 $ 422,179
Total.
2,740,522
105,891
$ 2,634,631
MISCELLANEOUS STATEMENT
I. The calculation of the "Reserve" in the "Statement of Actuarial Liabilities."
(1) The Reserves were calculated on a true net premium method except in a few minor classes where
a proportion or accumulation of the premiums paid has been reserved. Policies were grouped according
to class and subdivided according to valuation age. The age at entry for the purpose of calculating the
net premiums was taken either as the nearest age at entry or the age next birthday at entry. The valua-
tion age was taken as follows: — ■
For Whole Life Assurances and Annuities: the nearest age at the date of Valuation.
For Endowment Assurances the mean valuation age according to Lidstone's method.
Tables of Mortality and Rates of Interest used: —
British Empire Fund.
For Assurances — British Offices Om (5) Table at 3%.
For Annuities — British Offices Oa. Table at 3%.
Company' s Life Fund.
For Assurances — British Offices Om. Table at 3%.
For Annuities— British Offices Oa. Table at 3%.
Special Classes.
(a)(6) (d) (c)Policies issued at or subsequently made subject to an extra premium were treated as
follows: —
Defective health or family history.
British Empire Fund. — An extra reserve was made of one half year's extra premium.
Company' s Life Fund. — Valued at rated up age except in case of Endowment Assurances where
one-half year's extra premium was reserved.
Climate or Occupation. — An extra reserve made of one half year's annual extra. In cases of Single
Extra premiums each case was treated on its merits.
312
. DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
Phcenix Assurance — Continued
MISCELLANEOUS STATEMENT— Conc/uded.
(c) Policies subject to lien were valued for the full sum assured at the true age.
if) A reserve has been made of the total of the additional premiums paid under policies providing
disability benefits,
(p) No Annuities classed as under average.
(2) Items of special reserve: —
(a) Additional Reserves made for single and limited premium policies are shown in Statement o
Actuarial Liabilities.
(6) No guarantees are included in policies exceeding in value the net premium reserve on the
valuation bases.
(c) Hardly any policies subject to reinstatment, and no special reserve made.
(d) There are no renewable term policies in force.
(c) In the case of Term Policies issued with option of conversion as at age attained at date oi conver-
sion inclusive, reserves were made of varying percentages of the premiums paid. Options of
conversion as at original age of entry are not given.
II. There arc no polices at present subject to climatic extras but if there were any such policies the
surrender values would be the same as under a similar policy without extra.
III. The average rate of interest earned by the whole of the Life Funds of the Company at home and
abroad during 1920 was, after deduction of Income Tax, 4-175%.
IV. The Distribution of surplus: —
(a) Divisible Surplus is distributed as follows: —
British Empire Fund: — All to participating policyholders Company's Life Fund.
Company's Life Fund: —
Participating Branch: — All to policyholders.
Non-participating Branch: — All to shareholders.
(b) The divisible surplus represents the value on the valuation basis of Reversionary Bonus additions
to participating policies at the rates declared. Such Reversionary Bonus Additions are at present
being commuted as follows: — •
Immediate cash payment \0n basis of Carlisle Mortality Table at 6% interest.
Reduction of future premiums /
(c) Annuitants do not participate in profits.
DEFERRED DIVIDEND POLICIES,
Issued prior to January 1, 1911, and Amount of Profits contingently apportioned thereto.
Year
of
Issue.
1884. .
1900...
1901...
1902...
Total Net
Amount
in Force.
1,000 00
19,000 00
22,000 00
12,500 00
Profits Contin-
gently Appor-
tioned.
$ 589 00
4,194 00
5,168 00
4,539 00
Year
of
Issue.
1903
1905
1906
Total
Total Net
Amount
in Force.
Profits Contin-
gently Appor-
tioned. ^
7,000 00 S
2,000 00
2,000 00
2,506 00
439 30
382 50
$ 65,500 00 S 17,817 80
Schedule C.
Bonds and debentures —
On deposit with Receiver General. Par value. Department's
Governments — Value
Canada— Victory Loan $ 189,000 00 $ 189,000 00
War Loan 50, 000 00 49, 500 00
Manitoba— Debentures 30,000 00 26,400 00
Cities —
Brandon 50,000 00 46,480 00
Three Rivers 50, 000 00 41 , 500 00
Vancouver 50,000 00 38,500 00
Towns, Quebec —
Maisonneuve 15,000 00 12,750 00
St. Louis (Montreal) 100,000 00 87,750 00
Rural Municipalities, Manitoba —
Hamiota 13,000 00 11,440 00
Pipestone 25,000 00 21,750 00
Schools —
Edmonton 75,000 00 61,960 00
Saskatoon 50,000 00 40,517 50
Winnipeg 25,000 00 20,750 00
Railway— Ca,n&dia.n Northern Ry., 1st mtge. (g'teed by
Manitoba), 1930, 4 p.c 48,666 67 41,853 33
Miscellaneous — Toronto Harbour Commissioners, 1st mtge.
(g'teed by Toronto), 1953, 4^ p.c 50,000 00 45,500 00
$ 820,666 67 $ 735,650 83
LIFE INSURANCE COMPANIES 313
SESSIONAL PAPER No. 8
Phcenix Assurance — Continued.
Schedule C — Concluded.
Bonds and debentures — Concluded.
Par value. Department's
value.
Held by Trustees on behalf of Policyholders.
Governments —
Canada— Victory Loan f 284, 500 00 $ 284, 500 00
Manitoba— Debentures 40, 000 00 34, 000 00
Critics
Brandon 45,000 00 41,050 00
Hamilton 50,000 00 47,000 00
London 35, 000 00 31 , 960 00
Toronto 48,666 67 37,960 00
Town—St. Louis (Montreal) '. . . 50,000 00 44,500 00
School— MoTitTea.1, Commercial High School 50,000 00 41,000 00
^1 lSC€ll(l7}€0liS —
Bell Telephone Co. of Canada, Ltd., 1st mtge., 1925, 5 p.c. . 30,000 00 29,700 00
Montreal Gas Co., 1st mtge., 1921, 4 p.c 24,820 00 23,082 60
Quebec Buildings, Ltd., 1st mtge., 1938, 4| p.c 350,000 00 315,000 00
$1,007,986 67 $ 929,752 60
Held by Trustees (free deposit).
Canada— War Loan $ 65,000 00 $ 64,3.50 00
$1,893,653 34 $1,729,753 43
GENERAL BUSINESS STATEMENT FOR THE YEAR ENDING DECEMBER 31,1920
LIFE DEPARTMENT.
During the year 3,622 Life policies were issued, assuring £2,739,361, with new premiums of £119,602.
Re-assurances were effected with other companies for £225,983 at premiums of £8,366. The net new
assurances were thus £2,513,378, and the net new premium income £111,236, including £10,782 of single
premiums.
Seventy-four immediate annuities were granted for £3,808 per annum, the consideration money re-
ceived being £39,740. Twenty-four deferred annuities for £3,078 per annum at premiums of £944 were
also granted.
Claims for the aggregate sum of £493,385 arose by the death of 573 persons assured under 721 policies.
The total amount paid was within the normal expectation. A further sum of £198,688 was paid in respect
of endowment assurances matured. Fifty-four annuitants in receipt of £4,332 per annum died during the
year.
314
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
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LIFE mBV RANGE COMPANIES
315
SESSIONAL PAPER No. 8
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316 DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
PHCENIX MUTUAL LIFE INSURANCE COMPANY
Statement for the Year ending December 31, 1920
President, John M. Holcombe — Secretary, H. E. Johnson — Actuary, Henry N. Kaufman —
Principal Office, Hartford, Conn. — Chief Agent in Canada, C. R. G. Johnson — Head
Office in Canada, Montreal.
(Incorporated, May, 1851. Commenced business in Canada, October, 1866.)
No Capital Stock.
ASSETS IN CANADA.
Ledger Assets.
Held solely for the Protection of Canadian Policyholders
Bonds on deposit with Receiver General: —
Par value. Department's
value.
Ontario— Bonds $ 99,280 00 S 91,337 60
Canadian Northern Ry. (g'teed by Manitoba), 1939, 4 p.c. 31,000 00 25,420 00
S 130,280 00 S 116,757 60
Carried out at Department's value S 116,757 60
Non-Ledger Assets.
Net premiums due and uncollected, and deferred, renewal 31129
Total Assets in Canada $ 117,068 89
LIABILITIES IN CANADA.
Amount estimated to cover the net reserve on all outstanding policies $ 140,000 00
INCOME IN CANADA.
Assurance premiums:— First year, $531.65; renewal, $18,492.53; single, $1,934.37 $ *20,958 55
Interest on bonds and debentures 23,776 66
Total Income in Canada $ 44,735 21
DISBURSEMENTS IN CANADA.
Death claims, $67,765; matured endowments, $124 $ 67,889 00
Net surrender values 660 00
Net dividends applied as single premiums to purchase premium reduction 1.934 37
Total Disbursements in Canada $ 70,483 37
'Including $1,934.37 single premiums paid by application of assurance dividends.
LIFE INSURANCE COMPANIES
317
SESSIONAL PAPER No. 8
Phcenix Mutual — Concluded.
EXHIBIT OF POLICIES
Classification.
Whole Life.
Endowment
Assurances.
Term and
Other.
Totals.
No.
Amount.
No.
Amount.
No.
Amount.
No.
Amount.
At end of 1919
278
$
217,836
3
$
293
4
6,000
285
$
224,129
Less ceased by: —
Death
88
67,765
88
2
4
1
67,765
Maturity
2
124
124
4
6,000
6,000
1
1.000
1,000
89
68,765
2
124
4
6,000
95
74,889
At end of 1920
189
149,071
]
169
190
149,240
318 DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
♦PROVIDENT SAVINGS LIFE ASSURANCE SOCIETY OF NEW YORK.
Statement for the Year ending December 31, 1920.
President, Wm. R. Malone — Secretary, Wesley Sissox — Actuary, Charles W. Jackson^
Principal Office, City of New York, N.Y. — Chief Agent in Canada, James S. Lovell —
Head Office in Canada, Toronto.
(Organized August 10, 1875. Incorporated under the Act of June 24, 1853, State of Xew York, on Feb. 25,
1875. Commenced business in Canada, January, 1889).
CAPITAL STOCK.
Authorized, subscribed and paid in cash $ 100,000 00
ASSETS IN CANADA.
Ledger Assets.
Held solely for the protection of Canadian Policyholders.
Department's value of bonds, debentures and debenture stocks owned by the Company on
deposit with the Receiver General {For details see Schedule C) $ 348, 878 84
Other Ledger Assets.
Amount secured by the Company's policies in force, the reserve on each policy being in
excess of all indebtedness: —
Advances to policyholders under automatic non-forfeiture provisions
Premium obligations
4,504 31
123 16
72,087 90
61,400 37
Cash in Imperial Bank of Canada, Montreal
Total Ledger Assets
$
482,367 11
Due.
913 05
$'
(Accrued.
6,124 39
86 00
Non-Ledger Assets.
Interest on —
Bonds and debentures $
Premium notes, policy loans and liens
Total interest $
913 05
I
6,210 39
7,123 44
Gross renewal premiums, less reinsured — Due and uncollected
Deferred
.%
1,180 oo"
1,524 00
Total
.%
2,704 00
81 12
Deduct commission and estimated loss in collection
Net premiums due and uncollected, and deferred
2,622 88
Total Non-Ledger Assets
$
9,746 32
Total Assets in Canada
$
492,113 43
LIABILITIES IN CANADA.
Net liability under assurance, annuity, and supplementary contracts in force for payments
not due, dependent on life, disability or any other contingency or on a term certain {See
Statement of Actuarial Liabilities) $ 378, 922 00
Net liability for payments due under contracts: —
Death Matured
Losses. Endowments.
Adjusted but unpaid $ 7,000 00
Unadjusted 3,500 00 $ 2,000 00
Totals $ 10,50000 $ 2,000 00
12,500 00
*The policies of this Society have been assumed by the Postal Life Insurance Company, of New York,
LIFE INSURANCE COMPANIES
319
SESSIONAL PAPER No. 8
Provident Savings — Continued.
LIABILITIES IN CANADA— ConcZuderf.
Received from policyholders in advance: Premiums, $47; interest, SI, 688.92.
Provincial, municipal and other taxes due and accrued (estimated)
Commissions to agents due and accrued
Loading on deferred premiums
1,735 92
25 00
0 74
320 04
Total Liabilities in Canada % 393,503 70
INCOME IN CANADA.
Assurance premiums, renewal
Gross interest on —
Bonds and debentures
Premium notes, policy loans and liens.
Bank deposit
.% 30,919 89
20,263 35
3,438 16
422 94
24,124 45
Total Income in Canada S 55,044 34
DISBURSEMENTS IN CANADA.
In respect of assurance contracts: —
Amount assured: death claims, $18,448; matured endowments, $12,000.
Net surrender values
In respect of life annuity contracts: — Cash payments to annuitants
Total net disbursements in respect of assurance and annuity contracts. 5
Taxes, licenses and fees (including taxes on investments but excluding taxes on real estate)
Head office expenses: — Salaries, $100; travelling expenses, $170.80
Branch office and agency expenses: — Assurance commissions, renewal
Total Disbursements in Canada .
$
30,448 00
9,639 29
77 73
s
40,165 02
22 75
270 80
33 25
$
40,491 82
EXHIBIT OF ANNUITIES.
At the end of 1919.
At the end of 1920.
Life Annuities Proper.
Annual
No. Payment.
IS 77 73
1
77 73
EXHIBIT OF POLICIES.
Classification.
Whole Life.
Endowment
Assurances.
Term and
Other.
Totals.
No.
Amount.
No.
Amount.
No.
Amount.
No.
Amount.
At end of 1919
510
4
$
747,735
8,000
77
$
122,481
93
$
177,003
680
4
$
1,047,219
8,000
Totals
514
755,735
77
122,481
93
177,003
684
1,055,219
Less ceased by: —
Death
9
14,466
3
7
7,500
11,000
5
5,000
17
7
23
3
26,966
11,000
7
15,500
15,500
21
1
25,000
1,000
1,440
2
2,000
27,000
2
8,000
9,000
2,447
3,887
31
41,906
12
22,947
14
28,500
57
93,353
At end of 1920
483
713,829
65
99,534
79
148,503
627
961,866
320
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
Provident Savings — Concluded.
STATEMENT OF ACTUARIAL LIABILITIES.
Class of Contract.
Gross in Force.
No.
Amount.
Reserve.
Assurances —
Ordinary with profits —
Life
482
65
79
i
699,884
94,759
148,503
18,720
$
378,089
Totals
626
961,866
378,089
Annuities —
1
(Annual
Payment)
(77 73)
833
Grand Totals
627
961,866
378,922
Schedule C.
Bonds and debentures —
Par value. Department's
Cities — value.
Alberta —
Calgary $ 30,000 00 $ 27.300 00
Edmonton 7,930 60 7,454 76
British Columbia —
Ladysmith 25,000 00 21,250 00
New Westminster 25,000 00 22,750 00
Revelstoke 25,000 00 21,750 00
Vancouver 35,000 00 26,950 00
Victoria 50,000 00 38,500 00
Manitoba— Winnipeg 26,000 00 20, 540 00
Ontono— Toronto 30,660 00 28,513 80
Que6e<^Montreal 25,000 00 23,500 00
Totvns —
Oratorio— Samia 20,289 32 19,071 96
Saskatchewan— y!oTth Battleford 77, 000 00 63, 910 00
District —
British Columbia— 'Sorth Vancouver 6, 000 00 5, 460 00
Railway —
Grand Trunk Pacific Rv., 1st mtge. Cg'teed by Alberta),
1942, 4 p.c 17,010 00 13,097 70
Grand Trunk Pacific Ry., 1st mtge. (g'teed by Saskat^
chewan), 1939, 4 p.c 11,178 00 8,830 62
$ 411,067 92 $ 348,878 84
LIFE INSURANCE COMPANIES 321
SESSIONAL PAPER No. 8
THE PRUDENTIAL INSURANCE COMPANY OF AMERICA.
Statement for the Year ending December 31, 1920.
President, Forrest F. Dryden — 2nd Vice-President and Secretary, Willard I. Hamilton —
Vice-President and Actuary, John K. Gore — Principal Office, Newark, N.J., U.S.A. —
Chief Agent in Canada, William White — Head Office in Canada, Montreal, Que.
(Organized October 13, 1875. Incorporated by the State of New Jersey by Special Act of the Legislature
thereof approved April 3, 1873. Commenced business in Canada, February 3, 1909. License granted
December 18, 1908.)
CAPITAL STOCK.
Authorized, subscribed and paid in cash $ 2,000,000 00
ASSETS IN CANADA.
Ledger Assets.
Held solely for the protection of Canadian Policyholders.
Department's value of bonds, debentures and debenture stocks owned by the Company on
deposit with the Receiver General {For details see Schedule C) $13,810,437 88
Other Ledger Assets.
Amount secured by the Company's policies in force, the reserve on each policy being in excess
of all indebtedness: —
Loans to policyholders $ 522,. 51 7 73
Advances to policyholders under automatic non-forfeiture provisions 1,960 72
523,578 45
Cash in banks {For details see Schedule E) 1 , 617,821 01
Cash in transit from Canadian Branch Offices ' 969 99
Total Ledger Assets $15, 952 807 33
Non-Ledger Assets.
Interest on— Due. Accrued.
Bonds and debentures $ 152 , 263 25
Premium notes, policy loans and liens $ 2,266 48 1,549 49
Bank balances 78 46
Total interest $ 2,344 94 .$ 153,812 74
-S 156,157 68
Gross premiums, less reinsured: — First Year. Renewal.
Due and uncollected $ 27,500 72 $ 78,284 16
Deferred 93,871 43 278,749 40
Total $ 121,372 15 $ 357,033 56
Deduct commissions and estimated loss in collection 26, 700 67 40,887 49
Net premiums due and uncollected, and deferred I 94,671 48 $ 316, 146 07
410,817 55
Net industrial premiums due and uncollected, taken at 66f% of gross 25,622 45
Total Non-Ledger Assets S 592, 597 68
Total Assets in Canada $16, 545,405 01
-21*
322 DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
The Prudential — Continued.
LIABILITIES IN CANADA.
Net liability under assurance, annuity, and supplementary contracts in force Tor payments not
due, dependent on life, disability or any other contingency or on a term certain (See
Statement of Actuarial Liabilities) $14,109,448 20
Net surrender values claimable under cancelled contracts 386 00
Net liability for payments due under contracts: —
Death Matured Supplement- Disability
Adjusted but unpaid — Losses. Endowments, ary Contracts. Claims.
Ordinary S 21,446 53 S 490 00 $ 6,030 00
Industrial 12,892 64 51 36 97 15
Group 991 00
Resisted in suit —
Ordinary 500 00
Industrial 190 00
Not in suit —
Industrial 1,035 20
Totals S 37,055 37 S 490 00 S 51 36 8 6,127 15
Provisions for unreported death losses and disability claims
Amounts left with the Company (arising out of assurance contracts) including interest accu-
mulations:—
Di\'idends, ?3.349.66; amounts assured, S2,529
Received from policvhoiders in advance: Premiums, 594,380.06; interest, Sll,849.90; all
other amounts, 82,083.38
Net dividends to policyholders due and unpaid
Provision for profits to policyholders payable in the year following the date of account
Provincial, municipal and other taxes due and accrued
Salaries, rents and office expenses, due and accrued
Medical examiners' fees due and accrued, 32,244.86; legal fees due and accrued, 8500
Commissions to agents due and accrued
Reser\^e for service insurance allowances, Home Office and Field employees
43,723 88
40,000 00
5,878 66
108,313 34
262 34
104,945 98
89,953 20
7,857 00
2,744 86
14,876 16
4,G92 00
Total Liabilities in Canada 814,533,081 62
INCOME IN CANADA.
Assurance premiums:— First year, $499,020.79; renewal, $1,626,272.78; single, $80,749.63. . .8*2,206,043 20
Total group premiums 3,472 13
Total industrial premiums 3, 673, 729 63
Total net premium income $ 5,883,244 96
Consideration for supplementary contracts: Not involving life contingencies 31,760 98
Dividends left with the Company at interest (arising out of assurance contracts) 24 60
Gross interest or dividends on —
Bonds and debentures (less 847,330.16 paid for accrued interest on bonds acquired
during year) 8 643,682 86
Premium notes, policy loans and liens 27,771 79
Other assets 21 , 575 77
693,030 42
Exchange (premium on New York funds transferred to Canada) 15, 724 24
*
Total Income in Canada $ 6,623,785 2a
*Including $65,995.30 single premiums paid by application of assurance dividends.
LIFE INSURANCE COMPANIES
323
SESSIONAL PAPER No. 8
The Prudential — Continued.
DISBURSEMENTS IN CANADA.
In respect of assurance contracts — Death Matured Disability.
Death, endowment and disability claims — Claims. Endowments. Claims.
Amount assured —
Ordinary $419,575 67 $54,702 00 $ 9,352 92
Industrial 547,769 67 1,118 02
Group 2,600 00
Total $969,945 34$ 54,702 00 $ 10,470 94
Net surrender values:— Ordinary, $38,287.73; industrial, $108,229.47
Net dividends —
In cash
Ordinary $ 21,958 85
1,035,118 28
146,517 20
Industrial.
Left with the company at interest, Ordinary
Applied as single premiums: — ■
To purchase bonus addition —
Ordinary $ 1,093 35
Industrial 64,599 00
To purchase premium reduction, Ordinary 302 95
3,198 72
24 60
65,995 30
Total net dividends.
In respect of life annuity contracts
Cash payments to annuitants.
91,177 47
3,617 93
Total net disbursements in respect of assurance and annuity contracts. $ 1,276,430 88
Net payments on supplementary contracts: Not involving life contingencies 28,548 65
Net reduction in premiums resulting from application of dividends 6,540 98
Taxes, licenses and fees (including taxes on investments but excluding taxes on real estate) . . 82,601 37
Head office expenses: — Salaries, $14,722.15; travelling expenses, $9,021.95; investment
expenses, $30.88; miscellaneous, $4,476.74 28,251 72
Branch office and agency expenses: — Assurance commissions — first year, $163,472.16; re-
newal, $45,284; salaries, $394,989.67; rents, $36,515,79; commissions and compensation
to industrial agents on industrial business, $794,605.19 1,434,866 81
All other expenses: — Advertising, $2,706,67;. service insurance allowance, $500; express,
telegramsand telephones, $5,725.27; legalfees, $2,255.36; medical fees, 844,217.50; office
furniture, $2,581.71; postage, .$658.48; printing and stationery, $14,362,14; exchange,
—$48.23; inspection of risks, $1,874.91; business conferences, $15,470.79; expenses account
of policy claims, $988.69; service disaVjility allowance, $4,571.01; customs duties,
$4,045.10; expense account of service disability allowance, $70.12; dividends to polity-
holders with interest surrendered, $92.44 100,071 96
Total Disbursements in Canada
EXHIBIT OF ANNUITIES.
.$ 2,957,312 37
Life
Annuities
Proper.
Arising out of Life Assurance Contracts.
Classification.
Involving
Life
Contingencies.
Not involving
Life
Contingencies.
Disability
Annuities.
Totals.
No.
Annual
Payment.
No,
Annual
Payment.
No,
Annual
Payment.
No.
Annual
Payment .
No.
Annual
Payment.
At end of 1919 . ...
7
$ cts.
1,875 41
1
$ cts.
300 00
20
1
$ cts.
6,886 28
179 52
8
4
$ cts.
1,010 89
1,167 62
36
5
$ cts.
10,072 58
1 347 14
New issued
Totals
7
1,875 41
1
300 00
21
7,065 80
12
2,178 51
41
11,419 72
Less ceased by —
Death
1
75 31
1
4
1
75 31
Expirv
4
1
2,139 92
510 60
2,139 92
Surrender
510 60
Total ceased
5
2,650 52
1
75 31
6
2,725 83
At end of 1920
7
1,875 41
1
300 00
16
4,415 28
11
2,103 20
35
8 693 89
Note. — There are 24 industrial supplementary contracts for terms certain of 26 weeks or less, not
included above.
324 nKPAJi'TMEyT OF IX^iliAXCE
11 GEORGE V, A. 1921
The Prudential — Conlinued.
EXHIBIT OF POLICIES (ORDINARY).
(For policies herein inoluded involvinR disability benefits see Abstract.)
Classification.
Whole Life.
Endowment
Assurances.
Term and
Other.
Bonus
Additions
Totals.
No.
Amount.
No.
Amount.
No.
Amount.
No.
Amount.
At end of 1919
New issued
.37,597
10, 300
736
S
42,158,687
12,507,0.39
859,324
31
11,171
3,996
200
$
9,544,005
3,. 368, 575
154,100
4,125
4,6.53
1,419
153
S
13,151,151
5.4.37,560
600,770
$
6,564
1,199
.53,421
15,715
1,089
$
64,860,407
21,314,373
Old revived
1,614,194
4, 156
3,050
2,823,201
3,050
2,823,201
Totals
48,633
55,525,081
15,367
13,070,805
9,275
22,012,682
7,763
73,275
90,616,331
Less ceased by: —
Death
235
263,736
67
37
53,600
51,000
20
54,500
15
239
322
37
2,554
8
322
2,386
371,851
Maturity
51 , 239
Expiry
2,554
2,979,578
2,979,-578
6
128
1,438
12,167
1.36,254
1,582,524
17,119
1,819,870
2,3.54,706
2
99
621
"609
643
2,000
88-900
460,800
1,000
524,500
486,179
14,167
Surrender
95
327
""78
155,756
1,299,177
48,898
344,500
404
381,314
Lapse
3,342,501
67,017
Not taken
1,327
2,485
2,014
3,128
2,688,870
413
2,841,298
Total ceased
5,619
6,186,376
2,078
1,667,979
3,074
4,882,409
1,071
10,771
12,737,835
At end of 1920
43,014
49,338,705
13,289
11,402,826
6,201
17,130,273
6,692
62,504
77,878,496
MISCELLANEOUS.
New policies issued and paid for in cash— Number, 13,823; gross and net amount, 118,709,333.
EXHIBIT OF POLICIES (INDUSTRIAL.)
Classification.
Whole Life.
Endowment
Assurances.
Term and
Other.
Bonus
Additions
Totals.
No.
Amount.
No.
Amount.
No.
Amount .
No.
Amount.
At end of 1919..
335,868
63,183
7,054
$
54,556,731
13,542,506
1,468,200
570,871
227,942
59,011
5,997
$
23,996,283
8,221,535
798,372
34,818
S
4,692,362
243,977
598,628
122,194
13,051
" 11, 844
$
83,489,353
21,764,041
820
140,504
2,267,392
99,085
1,676,158
810,460
11,844
1,676,158
Totals....
406, 105
70,138,308
292,950
33,016,190
46,662
6,467,605
385,301
745,717
110,007,404
Less ceased by-
Death
3,033
449,929
1,394
150,578
140
3,026
19,769
495,185
1,858
4,567
3,026
" '2,644
51,785
14,781
622,134
495, 185
786
219,088
6,182,247
47,296
1,586,962
9
3,169
6,533
324
641
795
Surrender
.. 1,372
27,682
835
24,103
5,637
98, 193
3,347,767
96, 968
494, 470
437
67,292
387,742
9,536,547
144,588
Transferred
9,144
2,082,073
Total ceased... .
41,231
8,486,308
31,969
4,187,976
3,603
582,246
12,534
76,803
13,269,064
At end of 1920..
364,874
61,652,000
260,981
28,828,214
43,059
5,885,359
372,767
668,914
96,738,340
SESSIONAL PAPER No. 8
LIFE IK8URAXCE COMPANIES
The Prudential — Continued.
EXHIBIT OF POLICIES (GROUP).
325
»
Term.
Number
of
Policies.
Number
of
Employees.
Amount
Assured.
New policies issued
New employees insured during 1920 under policies
original issue
after date of
5
464
38
394,950
32,500
2,750
Total
5
502
430,200
Less ceased by —
Termination of employment
Without conversion
109
3
74,950
Death
2,000
Total ceased
112
76,950
At end of 1920
5
390
353,250
STATEMENT OF ACTUARIAL LIABILITIES.
Assurance Section.
Class of Contract.
Gross in Force.
No.
Amount.
Reserve.
Ordinary with profits —
Life
43,008
13,100
6,199
$
49,460,303
11,350,026
17,286,904
1,811
$
3,899,955
Endowment Assurance
1,782,510
203,081
Bonus addition
1,122
Totals
62,307
78,099,044
5,886,668
Industrial with profits^
Life
368,579
264,242
43,059
62,295,278
29,190,119
5,885,359
377,453
4,037,623
Endowment Assurance
Term, etc
3,585,124
360,161
174,842
Totals
675,880
97,748,209
8,157,750
Group with profits —
5
353,250
3,136
Grand Totals
738, 192
176,200,503
14,047,554
326
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
The Prudential — Continiied.
STATEMENT OF ACTUARIAL LIABILITIES— Conduced.
Annuity Section.
Class of Annuity.
Gross in Force.
No.
Annual
Payment.
Reserve.
With profits-
Supplementary contracts — _
Not involving life contingencies —
Ordinary
27
24
S cts.
6,518 48
*
S cts.
51,360 00
2,591 20
Totals
51
6,518 48
53,951 20
Without profits —
Life annuities proper
2
1
• 751 92
300 00
6,426 00
1,517 00
Supplementary contracts —
Involving life contingencies
Totals
3
1,051 92
7,943 00
Grand Totals
54
7,570 40
61,894 20
SUMMARY OF RESERVE.
With profits. Without profits. Total.
Total reserve, policy and annuity contracts $14, 101,505 20 $7,943 00 $14, 109,448 20
Net reserve estimated on the statutory basis (without deduction) $13, 793, 796 20
Reserve maintained by the Company in excess of the statutory reserve 315. 652 00
MISCELLANEOUS STATEMENT.
The calculation of the "Reserve" in the "Statement of Actuarial Liabilities."
(1) In computing the reserve in the "Statement of Actuarial Liabilities" the full net level-premium
system of valuation has been used throughout, tables of mortality and interest bases being as follows: —
The reserves on Ordinary business have been computed as follows: —
American Experience Table of Mortality with 3^% interest on policies issued prior to January
1st, 1901.
American Experience Table of Mortality with 3% interest on policies issued after December 31st,
1900, and prior to August 1st, 1907.
American Experience Table of Mortality with 31% interest on policies (excluding Intermediate
policies and policies -with Intermediate and Hazardous rating) issued after July Slat, 1907.
New York Standard Intermediate Table of Mortality with 3j % interest on Intermediate policies
and policies with Intermediate and Hazardous rating issued from August 1st, 1907 to June 14th,
1916, inclusive and on Intermediate and Hazardous Rating policies issued after April 14th, 1919.
"1912" Intermediate Table of Morality with 35% interest on Intermediate policies and policies
with Hazardous rating issued after June 14th, 1916, and prior to April 15th, 1919.
Hunter's Disability Tables with 3?% interest on Disability provision and on annuities on
disabled lives resulting from disability claims.
McClintock's Tables with 3|% interest on original Annuities issued after December 31st, 1906.
The reserves on Industrial business have been computed as follows:
American Experience Table of Mortality with 3^% interest on policies issued prior to January 1st,
1901.
American Experience Table of Mortality with 3% interest on policies issued after December
31st, 1900, but prior to January 1st, 1907.
New York Standard Industrial Experience Table of Mortality with 3\% interest on policies
issued after December 31st, 1906.
Assurance policies and annuities were valued in groups.
Ages at entry under Ordinary Assurance policies were taken according to the age nearest birth-
day, and under Industrial Assurance policies according to the age next birthday. To determine the
duration the policies were grouped according to calendar years of issue, the duration being taken as the
difTerence between the valuation year and the year of issue increased by -5, it being assumed in the case
of Ordinary policies under which the premium-paying periods have not already expired that premium
payments had been made to the end of the policy year terminating in 1921.
*For terms certain of 26 weeks or less.
LIFE INSURANCE COMPANIES 327
SESSIONAL PAPER No. 8
The Prudential — Continued.
MISCELLANEOUS STATEMENT— Continued.
Industrial Paid-up policies were grouped according to ages attained (age at entry plus duration)
at the end of the year of valuation, Paid-up Term and Paid-up Endowment policies being grouped
according to calendar years of expiry and maturity, respectively, it being assumed that all such
policies expiring or maturing in any given calendar year would, on the average, expire or mature on
June 30th of that year, the reserves being calculated accordingly.
Ordinary Paid -up policies were grouped according to the "valuation" year of birth; that is the
year of issue of the. original policy minus the rated age at entry. With this as a basis reserves were
calculated based upon the attained age at the end of the year of valuation, it being assumed under
Paid-up Term and Paid-up Endowment policies which were grouped according to calendar years of
expiry and maturity, respectively, that the policies would, on the average, expire or mature on June
30th of the year of termination.
Special Classes.
(a) The Prudential does not issue insurance on the lives of person residing in tropical or sub-tropical
countries.
(5) Policies issued at premiums corresponding to ages higher than the true ages have been valued
according to the higher age.
(c) Policies providing for payment at death during certain periods of an amount less than the
full amount of insurance are valued for the full amount at all stages.
(d) (1) The Company has no single premium policies with extra ratings in force on the lives of
the residents of Canada.
(2) Where extra premiums are charged to cover extra hazards under annual premium policies,
the extra hazard covered by the extra premium has been considered yearly term insurance for the
extra hazard, and an additional reserve has been held accordingly, the reserve held being equal to
one-half of the annual extra premium so charged.
(e) Policies have not been issued on sub-standard lives other than as noted in (b), (c) or (d.)
if) (1) The valuation of the disability benefits has been carried out according to the net level
premium method on the basis of Hunter's Disability Tables -t^-ith interest at the rate of 3i% per annum.
Where no extra premium is charged for the disability benefits, it is assumed that a sufficient portion
of the regular gross premiumisset aside to cover the net annual premium cost of the disability benefits.
The net premiums for disability benefits are assumed to be payable during the same period as the actual
premium payments under the policy; they cease upon the occurrence of disability prior to age_ 60,
but are payable during any period of disability beginning after age 60 if within the regular premium
payment period of the policy. With certain exceptions noted below, the disability benefits for which
no extra premium is charged consist of waiver of premiums and payment of amount of insurance in
instalments in event of disability prior to age 60; if disability occurs subsequent to age 60, the benefit
consists of waiver of premiums with reduction of the amount of insurance by the amount of each gross
premium waived. These benefits have been pro\nded for in Ordinary policies issued since January
1, 1916, and the same benefits have been made retroactive to apply to Ordinary policies issued prior
to that date, in respect to disability occurring in 1916 or thereafter. In the case of policies issued
prior to 1916, it has been assumed in valuation that the disability provisions became effective on the
policy anniversary in 1916.
Note. — In the case of Intermediate policies and Special rating policies, the benefit consists only
of the waiver of premiums upon the occurrence of disability prior to age 60. Term policies, policies
with the Medium or Hazardous rating, policies on the lives of women, and policies with extra premium
charge (not including Special rating policies) are not entitled to any form of disability benefit.
In figuring the reserve for the waiver of premium benefit, it is assumed that the amount of premium
waived is the net annual premium in the case of policies issued on and after August 1, 1907, and 90%
of the gross annual preniium in the case of policies issued prior to August 1, 1907.
(2) After disability has occurred prior to age 60 and the insurance is being paid in instalments, the
reserve held consists of the present value of an annuity-certain for the amount of the unpaid intalments.
An additional reserve is held in case the polic5^ provides for pure endowment addition, for increase in
the amount of insurance or for continuous instalment payments to insured or beneficiary. If the benefit
consists only of waiver of premiums, the reserve held on account of disability benefit is equivalent
to the present value of premiums to be waived thereafter. This is in addition to the regular reserve
on the policy.
After disability has occurred subsequent to age 60, the reserve held on account of disability
benefit is equivalent to the present value of interest losses on gross premiums to be waived thereafter.
This is in addition to the regular reserve on the amount of insurance as reduced by the premiums
already waived. In cases where the point may eventually be reached when the total prerniums
already waived and charged against the policy will exceed the amount of insurance, it is assumed that
premiums payable thereafter will be lost entirely, and the present value of such premiums is included
in the reserve held on account of the disability benefit.
Note. — After disability has occurred, the present value of premiums to be waived is calculated
on the basis of the net premiums in the case of policies issued on and after August 1, 1907, and non-
participating policies issued prior to that date, and on the basis of 90% of the gross premiums in the
case of participating policies issued prior to August 1, 1907.
(3) From and after January 1, 1919, policies have been issued providing for a monthly disability
income of 1% of the amount of insurance, together with waiver of premium on the policy. As cona-
pared with other regular policies, the additional disability benefit consists of the difference between
the value of the disability annuity of 1% of the sum insured and the value of interest on the sum
insured from date of disability to date of death or maturity as an endowment, as where the disability
annuity is provided the sum insured is not payable till death or maturity. Such policies are valued,
first, with regular policies for the disability benefit not specifically charged for and, second, for the extra
disability benefit as above described. The additional premium ceases on disability or at age 60
(or at the end of the premium term if prior to age 60) and is so treated in the valuation.
(fif) The Prudential does not issue Annuities on lives classed as under average.
328 DEPARTMENT OF ly.SURAXrE
11 GEORGE V, A. 1921
The Prudential — Continued.
MISCELLANEOUS STATEMENT— ConcZud^d.
(2) Items of special reserve.
(a) No reserve is held under Limited and Single Premium policies on account of prepaid or Limited
loadings, nor is any additional reserve held under immediate Annuities to co\er future expenses.
Reseeves are on the net premium basis throughout .
(6) The Company does not grant any guaranteed benefits which exceed in value the net premium
reserve on the basis of the valuation employed except in certain cases of group insurance the gross
premiums under which are based on the Medico-Actuarial table of Mortality. As the reserve is
held on the American Experience basis an appropriate reserve is held to cover those cases where the
rates charged are less than the net rates according to the American Experience table.
(c) The Company does not hold any special reserve under policies lapsed subject to reinstatement.
(d) Term policies do not contain the option of renewal.
(e) No extra reserve is held to cover the option of conversion, either at the original age at entry
or at the attained age, under any of our policies containing such options of conversion.
(/) (1 ) It was decided by the Board of Directors in December, 1920 in the case of death claims occur-
ring during the year 1921 under Industrial policies in force twenty years or more on the lives of negroes,
that the same death Vjenefit will be paid as that paid in the case of similar policies on the lives
of white persons. This concession was in the nature of a one-year concession, and accordingly the
regular valuation reserve on the policies involved was computed according to the contractual benefits,
and in addition a reserve was held representing the net single premium value, ba.sed on the valuation
table of mortality and interest rate of the extra insurance risk for one year.
(2) All Industrial Whole Life policies under which the insured have fully attained 75 years of age
have been made by concession paid-up for the full amount of insurance and have been' valued accordingly .
Furthermore, the Board of Directors in December, 1920 resolved that all Industrial Whole Life
policies under which the insured may attain age 7.5 during 1921 be made, as of December 31, 1920,
Limited Payment policies with premiums ceasing upon the attainment of age 75. The necessary
extra reserve has been included in the reserve liability to cover the increase of the Limited Payment
Life reserve over the regular Whole Life re.serve on the policies subject to this concession.
II. (1) (a) The Prudential does not issue policies on lives resident in tropical or sub-tropical
countries.
(6) Guaranteed values granted according to the higher age in rated-up cases.
(c) The ordinarj^ reserve is made for liened policies.
(d) Where extra premiums are charged the ordinary reserve is made.
(e) Prior to 1907 some policies were issued subject to the provision that dividends would be
granted based on the experience of that particular class of policies. No extra premiums were charged
but the Paid-up and Automatic Extended Insurance values were calculated according to the mortality
experience on that class of policies.
(/) The Disability provisions contained in policies have no effect upon the Surrender Values.
(g) The Prudential does not issue Annuities on lives classed as under average.
III. The average rate of interest earned during the year on the mean net ledger assets was 4-86
per cent.
IV. The distribution of surplus —
(a) All the surplus earnings since April 4, 1915, accrue to policyholders except for a sum. not
exceeding ten per cent, per annum on the capital stock. All of the capital stock except 5-51% is held
by the trustee for the policyholders, and all dividends on capital stock except the above proportion
of 5-51% are returned to policyholders.
(6) The methods by which dividends to policyholders have been computed are set forth below.
Paid-up additions are calculated on the basis of net American Experience Sj % single premiums, except
for policies issued as participating prior to August, 1907, where the Combined 4% (issues prior to 1901)
and American 3% tables are used, net single premiums being adopted in the case of ten, fifteen or twenty
year deferred dividends and single premiums including a small loading being used for other dividends.
When premiums are paid in advance oi* reduced for a term of years by the appliction of dividends,
interest only enters into the calculation as in event of death of the insured, advance payments are added
to the amount of claim.
Annual Dividends.
For each kind of policy a calculation is made to ascertain the annual and accumulated earnings in
accordance with the Company's experience. For this purpose the sums insured in force at the beginning
of the calendar year are subdivided into groups according to year of issue and kind of policy, and the
corresponding re.serves and and accrued surplus of each group are tabulated. Estimates are then made
of the expected income froin premiums and interest, and the outgo for claims, .surrenders, dividends and
first-year and renewal expenses, and the estimated total of each of these items is compared with the actual
figures, and a ratio derived for correction of the estimate. The estimated reserves at the end of the year,
similarly corrected to agree in the aggregate with the actual reserves, are deducted from the funds at
the end of the year obtained by adding income to the funds at the beginning of the year and deducting outgo.
The surplus so obtained in each group is divided by the estimated sums insured in force at the end of the
year, also corrected to agree in the aggregate with the actual total, the accumulated surplus per SI, 000
for each year of duration and kind being thus obtained, and by comparison with the corresponding figures
for the beginning of the year, the earnings of the year are ascertained.
The surplus so determined represents the earnings at the effective age for the group in question. Cal-
culations are then made of a hypothetical group of 1,000 policies for $1,000 each, for each of the entry ages
20, 30, 40, 50 and 60, showing the progress of the fund formed by taking account of income and outgo, and
the resulting surplus. Rates of interest, mortality, surrender and expense are derived from the Company's
experience, and the available dividends so disclosed are made to correspond at the effective age for each
group with those obtained as described above. Dividends for intermediate ages are derived by inter-
polation.
c) No dividends have been declared on annuities.
SESSIONAL PAPER No. 8
LIFE INSURANCE COMPANIES 329
The Prudential — Continued.
DEFERRED DIVIDEND POLICIES.
Year of Amount of Insurance. Year of Amount of Insurance.
Issue. Ordinary. Industrial. Issue. Ordinary. Industrial.
1889 $ 2,000 1898 $
1891 1,000 1899
1892 $ 1,165 1900
1893 1,000 1901
1894 5,500 1902
1895 15,000 1903
1896 7,000 1904
1897 23,000 15,688 1905
1906
1907
26,500 $
21,202
17,500
33,703
45,000
35,103
51,250
.32,813
51,500
41,566
60,500
42,778
69,034
47,675
64,300
49,316
62,500
54,209
8.000 ..
Totals $ 510,584 $ 375,218
Schedule C.
Bonds and debentures on deposit with Receiver General: —
Department's
Governments — Par value. value.
Canada— Victory Loan $ 9,650,000 00 $ 9,624,913 51
War Loan 650, 000 00 597, 202 04
Manitoba— Bonds 500,000 00 504,431 27
Ontario— Debentures 250,000 00 249,875 00
Massachusetts— Bonds 120,000 00 114,000 00
Cities —
British Columbia— Yictoria 290, 540 00 262, 658 87
Ontario —
Brantford 20,000 00 16,400 00
Hamilton 807, 866 66 749, 676 53
Kitchener 40, 422 56 37, 188 76
London 100,000 00 92,000 00
Ottawa 200,000 00 190,000 00
Toronto 145,906 51 128,395 86
Quebeo-Montveal 400,000 00 365,000 00
Saskaicheican—Kegina. 221,000 00 209,740 00
Town, Quebec— Maisonneuve 68, 133 33 55,869 33
Townships, Districts or Municipalities —
British Columbia— South Vancouver 50,000 00 42,500 00
Manitoba— Morton 25,000 00 22,500 00
Counties, Ontario —
Haldimand 48, 577 39 45, 176 97
Prince Edward 28,040 04 26,918 44
Schools —
Alberta —
Edmonton 420,000 00 360,220 0%
Twelve other schools 3,640 00 3,603 60
Quebec —
Hochelaga 50,000 00 43,000 00
St. Jean de la Croix 25,000 00 22,000 00
Saskatchewan — Twenty one schools 6, 2.30 00 6, 167 70
Raihvay— Canadian Northern Ry. (g'teed by Manitoba) 1939, 4 p.c 50,000 00 41,000 00
$14,170,356 49 $13,810,437 88
Schedule E.
Cash in banks —
Canadian Bank of Commerce — Fort William $ 3 , 153 83
Montreal 11,002 28
Vancouver 10, 204 02
Dominion Bank— Toronto 19, 718 03
Windsor 6, 793 64
Merchants Bank of Canada — Winnipeg 5, 994 64
Bank of Montreal— Hamilton 8,935 01
Kingston 3,252 33
Quebec 7, 618 34
Three Rivers 3,713 11
Toronto 8,791 53
Bank of Nova Scotia— Halifax 3, 705 44
St. Catherines 4, 771 60
330 DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
The Prudential — Continued,
Schedule E — Concluded.
Cash in banks — Concluded.
Royal Bank of Canada — Calgary $ 3,936 54
Edmonton 3,290 37
Kitchener 4,832 02
London 5,070 29
Montreal 17,799 61
Ottawa 11,930 18
Peterborough 5, 123 17
Regina '. 3,646 92
St. John 3, 514 99
Sault Stc. Marie 1,976 69
Stratford 5, 628 66
Toronto 1 , 453, 417 77
S 1,617,821 01
GENERAL BUSINESS STATEMENT FOR THE YEAR ENDING DECEMBER 31, 1920.
INCOME.
Total premium income $ 169,047,919 92
Consideration for supplementary contracts involving life contingencies 66, 681 21
Consideration for supplementary contracts not involving life contingencies 1, 152,251 25
Dividends left with the Company to accumulate at interest 5,716 09
Interest and rents 29,074,829 75
Gross profit on sale or maturity of ledger assets 20, 159 35
Gross increase, by adjustment, iu book value of ledger assets 444, .343 27
All other income 346,723 23
Total income $200, 158,624 07
DISBURSEMENTS.
Net amount paid for losses and matured endowments $ 45,013,891 45
For annuities involving life contingencies 284, 857 98
Surrender values paid in cash or applied in liquidation of loans or notes 5, 954, 540 85
Dividends paid to policyholders in cash or applied in liquidation of loans or notes 6,014,872 66
Dividends applied to pay renewal premiums 2,241,464 56
Dividends applied to purchase paid-up additions and annuities 4, 162, 352 86
Dividends left with the Company to accumulate at interest 5,716 09
Expense of investigation and settlement of policy claims 56, .542 25
Paid for claims on supplementary contracts not involving life contingencies 977, 730 96
Dividends and interest thereon held on deposit surrendered during the year 3,810 40
Paid stockholders for dividends 350,000 00
Commissions to agents 25, 717, 851 94
Branch office expenses 6, 411 , 395 29
Agency supervision and travelling expenses of supervisors (except compensation for H. O.
supervision) 396,011 69
Medical examiners' fees and inspection of risks 1,258,202 17
Salaries and all other compensation of officers, directors, trustees, and Home Office
employees 5, 544, 133 23
Rents 1,494, 171 50
Repairs and expenses on real estate 687,868 86
Taxes on real estate 585, 121 79
State and provincial taxes on premiums. Insurance Department licenses and fees 2,462,541 48
All other licenses, fees and taxes 1,017,458 83
Gross loss on sale or maturity of ledger assets 32,099 68
Gross decrease, by adjustment, in book value of ledger assets 461, 127 95
All other disbursements 2,385,711 57
Total disbursements ' $113,519,476 04
LEDGER ASSETS.
Book value of real estate S 18, 188, 103 72
Mortgage loans on real estate, first liens 198,508,262 17
Loans secured by pledge of bonds, stocks or other collateral 1,032,000 00
Premiums reported to War Risk Insurance Bureau 1,438 50
Loans made to policyholders on this Company's policies assigned as collateral 46, 159, 107 60
Book value of bonds and stocks 395,0.59,083 27
Cash on hand, in transit, in trust companies and in banks 8,826,545 84
Agents' balances 9, 741 87
Par value of capital stock purchased and assigned to Trustee for the policyholders of the
Company... 1,889,737 50
Total ledger assets $669, 674, 020 47
LIFE INSURANCE COMPANIES 331
SESSIONAL PAPER No. 8
The Prudential — Concluded.
NON-LEDGER ASSETS.
Interest and rents due and accrued $ 9,179,455 12
Dividends on par value of capital stock to be returned to the Company for distribution to
policyholders 377, 947 49
Net amount of uncollected and deferred premiums (ordinary) 11,137,071 15
Net amount of uncollected premiums (industrial) 521 , 690 89
All other assets 69, 956 72
Gross assets S 690, 960, 141 84
Deduct assets not admitted 4, 632,839 32
Total admitted assets $686,327,302 52
LIABILITIES.
*Net reserve $ 617,446,774 00
Extra reserve for total and permanent disability benefits and for additional accidental
death benefits 2,430,443 00
Present value of amounts not yet due on supplementary contracts not involving life
contingencies 2,874,552 90
Present value of amounts incurred but not yet due for total and permanent disability
benefits , 454, 490 00
Liability on policies cancelled upon which a surrender value may be demanded 112,805 00
Total policy claims 2,828,306 52
Dividends left with the company to accumulate at interest and accrued interest thereon. 92 , 089 65
Due and unpaid on supplementary contracts not involving life contingencies 2, 380 43
Premiums paid in advance, including surrender values so applied 2,586,146 66
Unearned interest and rent paid in advance 1,015,243 38
Commissions to agents, due or accrued 211,968 31
Salaries, rents, office expenses, bills and accounts, due or accrued 220,884 04
Medical examiners' fees and legal fees, due or accrued 65,759 23
Federal, state and other taxes (estimated) 5,452,059 76
Unpaid dividends to stockholders 400,000 00
Dividends or other profits due policyholders 658, 791 72
Dividends declared on or apportioned to annual and deferred dividend policies payable to
policyholders during 1921 .- 12, 124,814 00
Amounts set apart, apportioned, provisionally ascertained, calculated, declared or held
awaiting apportionment upon deferred dividend policies 5,209,276 83
Reserve for service insurance allowances. Home Office and Field employees 135,623 00
All other liabilities 1, 103,983 13
tCapital stock paid up 2,000,000 00
Unassigned funds (surplus) 28,900,910 96
Total liabilities $686,327,302 52
EXHIBIT OF POLICIES.
Ordinary. Industrial. Group.
No.. Amount. No.. Amount. No.. Amount.
Issued during the year 351,346 $463,681,608 2,271,815 $430,497,682 108 $11,783,378
Terminated during the year 119,496 151,325,258 1,080,735 201,463,530 18 14,973,065
In force at the end of the
year 1,799,658 2,255,408 186 18,662,140 2,794,902,131 301 45,711,457
*Assurances and dividend additions — Ordinary: — Actuaries' Table at 4% on policies issued prior to
January 1st, 1901; American Experience Table at 3% on policies issued after December 31st, IPCO, and
prior to August 1st, 1907; American Experience Table at .3^% on ordinary policies issued after July 31st,
1907; New York Standard Intermediate Table at 3J% on Intermediate, Intermediate Rating and
Hazardous Rating policies issued after July 31st, 1907 and prior to June 15th, 1916, and on Intermediate
and Hazardous Rating policies issued after April 14th, 1919; "1912" Intermediate Table at 3^% on Inter-
mediate and Hazardous Ratirg policies issued after June 14, 1916 and prior to April 15, 1919;
Industrial: — Actuaries' Table at 4% on policies issued prior to January 1st, 1901 , except as follows: —
American Experience Table at 3% on policies issued after December 31st, 1900 and prior to January 1st,
1907; New York Standard Industrial Table at 4% for all premium-paying Industrial policies issued prior
to January 1st, 189', and all non-preraium-paying Industrial policies in connection with original policies
issued prior to January 1st, 1901; New York Standard Industrial Table at 3^% on Industrial policies
issued after December 31st, 1906, and on Infantile Limited Payment Life and Endowment policies issued
in 1906.
Annuities — Actuaries Table at 4%; American Experience Table at 3 1%; American Experience Table
at 3%; McClintock's Tables at 3^%; Hunter's DisabiUty Tables at di%.
t$l, 889, 737. .50 par value of the capital stock of the Company has been purchased pursuant to the
provisions of Chapter 99 of the Laws of New Jersey for the year 1913, and assigned to Austen Colgate,
Trustee for the policyholders of the Company.
332 DEPARTMEST OF IXSURANCE
11 GEORGE V, A. 1921
ROYAL INSURANCE COMPANY, LIMITED.
Statement for the Year ending December 31, 1920.
Chairman of Directors, Thomas Woodsend — General Manager, George Chappeij. — Actuary,
Duncan C. Fraser, M.A., F.I. A. — Principal Office, Liverpool, England — Chief Agent in
Canada, J. H. Labelle — Head Office in Canada, Montreal.
(Established May 31, 1845. Commenced business in Canada, 1851.)
CAPITAL STOCK.
Authorized £6, 000, 000 S29, 200, 000 00
Subscribed 5,598,340 27,245,254 67
Paid in cash 1,399,585 6,811,313 67
ASSETS IN CANADA.
Ledger Assets.
Held solely for the Protection of Canadian Policyholders.
Department's value of bonds, debentures and debenture stocks owned by the Company on
deposit with the Receiver General {For details see Schedule C) S 1,881,691 08
Other Ledger Assets.
Amount secured by the Company's policies in force, the reserve on each policy being in excess
of all indebtedness: —
Loans to policyholders ■ _• . $ 316,900 12
Advances to policyholders under automatic non-forfeiture provisions — '. . . 12,367 59
329,327 71
Cash at Head Office, S689.78 in Molson's Bank, Montreal, S141,699.77 142,389 55
Total Ledger Assets S 2,353,408 34
Non-Ledger Assets.
Interest, dividends and rents, due and accrued: — •
Interest on— Due. Accrued.
Bonds and debentures $ 16, 529 26
Premium notes, policy loans and liens 1,436 90 5,787 82
Total interest $ 1,4.36 90 $ 22,317 08
$ 23,753 98
First year. Renewal.
Gross premiums, less reinsured: —
Due and uncollected S 11,614 61 $ 49,787 34
Deferred 13,140 17 30,376 91
Total S 24,754 78 $ 80,164 25
Deduct commissions and estimated loss in collection 11,002 18 2,138 08
Net premiums due and uncollected, and deferred $ 13,752 60 $ 78,026 17 91,778 77
Total Non-Ledger Assets $ 115,532 75
Total Assets in Canada $ 2,468, 941 09
LIABILITIES IN CANADA.
Net liability under assurance, annuity, and supplementary contracts in force for payments
not due, dependent on life, disability or any other contingency or on a term certain {See
Statement of Actuarial Liabilities) $ 2.426, 111 00
Net liability for unadjusted payments due under contracts: — Death losses 4, 504 00
Received from policyholders in advance: — Premiums 282 58
Provincial, municipal and other taxes due and accrued 8, 787 59
Medical examiners' fees due and accrued 362 00
Commissions to agents due and accrued 539 99
Total Liabilities in Canada S 2,440, 587 16
LIFE INSURANCE COMPANIES
333
SESSIONAL. PAPER No. 8
Royal — Continued.
INCOME IN CANADA.
First year. Renewal. Single.
Assurance premiums $ 128,08.3 13 $ 354,090 86 $*392,207 94
Less reinsurance premiums paid 13, 305 92 914 18 124, 306 50
Total net premiums $ 114,777 21 $ .353,176 68 S 267,901 44
Consideration for supplementary contracts: —
Involving life contingencies, $2,233.95; not involving life contingencies, $72,179.35
Interest, dividends and rents: —
Gross interest or dividends on —
Bonds and debentures $ 83,633 21
Preinium notes, policy loans and liens 9, 150 59
Bank balance 2,703 90
Total Income in Canada
735,855 .33
74,413 30
95,487 70
$ 905,756 33
DISBURSEMENTS IN CANADA.
In respect of assurance contracts: — Death Claims. Matured
Death and endowment claims— Endowments.
Amount assured $ 192,895 77 S 12,500 00
Bonus addition 10,908 41 2,014 05
Total $ 203,804 18 $ 14,514 05
Net surrender values
Net dividends —
In cash $ 4,174 19
Applied as single premiums: — To purchase bonus addition 182,887 94
Total net dividends
218,318 23
58,778 29
187,062 13
Total net disbursements in respect of assurance contracts $ 464, 158 65
Net payments on supplementary contracts: —
Involving life contingencies, $492; not involving life contingencies, $2,168.55
Taxes, licenses and fees (including taxes on investments but excluding taxes on real estate)..
Head office expenses:— Salaries, $24,177.97; travelling expenses, $236.91; rents, $6,423.06
Branch office and agency expenses: — Assurance comm^issions — first year, $51,847.79; renewal,
$7,632.81; single, $750.91; salaries, $49,605.51; travelling expenses, $7,164.66
All other expenses: — Advertising, $176.30; books and periodicals, $20; express, telegrams
and telephones, $426.81; legal fees, $461. .50; medical fees, $4,439.75; office furniture,
$2,792.01; postage, $1,221.56; printing and stationery, $4,792.56; miscellaneous,
$1,094.43
2,660 55
7,622 37
30,8.37 94
117,001 68
15,424 9i
Total Disbursements in Canada.
$ 637,706 11
EXHIBIT OF ANNUITIES.
Arisirg out of Life
Assurance Contracts.
Classification.
Involving Life
Contingencies.
No.
Annual
Payment.
At end of 1919
2
$
300
At end of 1920
2
300
*Including $182,887.94 single premiums paid by application of assurance dividends.
334
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
Royal — Conlimted .
EXHIBIT OF POLICIES.
(For policies herein included involving disability benefits see Abstract).
Whole Life.
Endowment
Assurances.
Term and Other.
Bonus
Additions.
Totals.
Classification.
No.
Amount.
No.
Amount.
No.
Amount.
No.
Amount.
At end of 1919
2,994
727
3
11
S cts.
9,083,324 30
4,370,515 00
4,950 30
23, 140 40
746
103
2
S cts.
1,589,351 34
311,000 00
3,001 18
105
36
$ cts.
517,840 00
207,488 00
S cts.
242,663 27
328,217 17
42 45
3,845
866
5
11
$ cts.
11,433,178 91
5,217,220 17
7,993 93
23, 140 40
Totals
3,735
13,481,930 00
851
1,903,352 52
141
725,328 00
570,922 89
4,727
16,681,533 41
Less ceased by: —
Death
34
122,128 67
3
4
5,000 00
7,500 00
1
42,348 00
6,168 03
1,174,65
38
4
5
28
92
13
58
175,644 70
8,674 65
5
24,500 00
24,500 00
19
71
7
39
45,000 00
262,552 00
25.148 00
227,115 00
9
15
1
18
14,500 00
43,000 00
6,000 00
50,000 00
10,359 68
300 00
1,892 88
69,859 68
6
5
1
23,000 00
15,8.57 00
5,714 00
328.852 00
48,897 88
282,829 00
Total ceased
170
681,943 67
50
126,000 00
18
111,419 00
19,895 24
238
939,257 91
At end of 1920
3,565
12.799,986 33
80l| 1,777,352 52
123
613,909 00
551,027 65
4,489
15,742,275 50
742,647 00
1 3,000 00
1,425 00
749,072 00
MISCELLANEOUS.
New policies issued and paid for in cash: — Number 823; gross amount, 54,636,213; reinsured in other licensed
companies, 5504,105.
Total amount in force divided as to dividend plan: — Annual, $177,731.85; quinquennial, $9,855,984.65; deferred
$1.0SS,412.72; non-participating, 14,620,146.28. Total $ 15,742.275.50
STATEMENT OF ACTUARIAL LIABILITIES.
Assurance Section.
Class of Contract.
Gross in
Force.
Reinsured in Companies
licensed in Canada.
No.
Amount.
Reserve.
Amount.
Reserve.
Ordinary with Profits —
Life
2,883
653
62
S
8,807,433
1,418,777
344,891
551,028
(455 per
annum.)
S
1,142,909
489,784
10,778
310,059
2,901
2,996
$
114,125
5,000
S
3,236
Endowment Assurance
1.979
Term , etc
Bonus Addition
1,425
724
Premium Reduction ...
Special reserve for extra risks
92
Totals
3,598
11,122,129
1,959,427
120,550
6,031
Ordinary without Profits —
Life
682
148
61
3,992,553
358,575
269,018
(37 per
annum)
484,477
63,185
17,654
519
920
946
628,522
168,388
Endowment Assurance
Term, etc
PrpmiiiTn rpHiirfinn
Reserve for transferred bonuses included in
sums assured above
Special reserve for extra risks .
Totals
891
4,620,146
567,701
628,522
168.388
Grand Totals
4,489
15,742,275
2,527.128
749,072
174,419
LIFE INSURANCE COMPANIES
335
SESSIONAL PAPER No. 8
Royal — Continued.
STATEMENT OF ACTUARIAL LIABILITIES— ConcZurfei.
Annuity Seciiox.
Class of Annuity.
Gross in Force.
Number.
Annual
Payment.
Reserve.
Without Profits:—
Suprlementary Contracts-
Involving life contingencies
Not involving life contingencies
2
300
$
4,638
*68,764
Totals
2
300
73,402
SUMMARY OF RESERVE.
With profits. Without Profits.
Total reserve, policy and annuity contracts $ 1,959,427 $ 641,103
Total reserve on reinsured contra,cts 6,031 168,388
Total net reserve on the Company's basis of valuation. . .
472,715
Totals.
2,600,530
174,419
2,426,111
1,953,396
MISCELLANEOUS STATEMENT.
1. The calculation of the "Reserve" in the "Statement of Actuarial Liabilities."
(1) Whole Life Assurances by continuous and limited premiums and ordinary Endowment Assurances
were valued in groups. The remaining assurances and the Annuities were valued individually.
Whole Life Assurances were grouped according to the ages attained at the date of the valuation. The
Endowment Assurances were grouped according to the nearest 31st December to the date of maturity.
For all Assurances and Annuities the age at entry for valuation purposes was taken as the nearest
age at entry. This differs from the age used in fixing the premium or consideration in the contracts,
which is the following integral or half-year of age in the case of assurances and the last integral or half-
year of age in the case of annuities.
For classes other than ordinary Endowment Assurances the age attained used for valuation purposes
was obtained by adding the nearest integral duration to the nearest age at entry.
In the case of Ordinary Endowment Assurances the average Maturity Age was obtained by Lidstone's
Method for the policies maturing in each year reckoning from the 1st July to the following 30th June.
The valuation age attained was then derived by deducting the nearest integral duration outstanding at
the date of the valuation from the Average Maturity age.
All classes of assurances were valued by the Om (.5) Table of mortality with interest at 3j%; the
Om (5) 35% net premiums being taken credit for in the valuation.
The Deferred Annuities were valued on a compound interest basis up to the ages at which the annui-
ties commence and afterwards by the O (af) Table, with interest at 31% throughout.
The annuities not involving life contingencies were valued on a compound interest basis of 3i%.
No Tables of disability have been used in the valuation.
Special Classes.
(a) There are no policies on lives resident in tropical or sub-tropical countries.
(b) Policies issued at premiums corresponding to ages higher than the true ages have been treated
in the valuation as if the rated up age were the true age at entry.
(c) This Company does not issue policies providing for payment at Death during certain
periods of an amount less than the full amount of insurance, being policies subject to liens.
(d) In the case of policies subject to yearly extra premiums an additonal reserve of one year's
extra premium has been made. There are no policies where the future extra premiums have been
commuted by a single payment.
(e) There are no policies on substandard lives, otherwise than those dealt with above, included in
the Valuation.
(/) Disability Benefit. — In consideration of an extra premium ceasing at age 60, the Company
grants the following Disability Benefits provided the assured becomes wholly or permanently disabled
before attaining the age of 60 and at least one full annual prem.ium has been paid.
(t) Waiver of premium.
(ii) Annual Income of one-tenth of the sum assured for a period not exceeding 10 years.
In respect of policies included in the valuation providing for Disability Benefits the whole of the
additional premiums received has been reserved. There are no cases where disability has occurred.
(g) There are no annuities issued to lives classed as under-average included in the valuation.
(2.) Items of Special Reserve.
(a) The reserve held under limited and single premium policies on account of pre-paid or limited
loadings amounts to S75,000. There are no Life Annuities Proper included in the Valuation, and no
special reserve has been made to cover future expenses in the case of the Supplementary Contracts.
(&) There are no guaranteed benefits exceeding in value the net premium reserve on the basis
of valuation employed.
(c) No special reserve is made in the valuation in respect of lapsed policies not continued in force
under non-forfeiture provisions.
id) Ordinary term policies lapsed by non-payment of the premiums do not carry the option of
renewal.
(e) The special reserve included in the valuation to cover the option of conversion during or at
the end of a fixed term into higher premium policies amounts to SI, 983. At the option of Assured
the prernium on the new policy may be fixed either (a) as at the original date of entry, on payment
of the difference of premiums with interest, or (6) as at the age attained at date of conversion.
(/) There are no items of special reserve other than those specified above.
*Reserve against annual payments of $4,365 and future lump sums aggregating $26,000, being payments
of death claims by instalments.
336 UKI'MnMEST OF J\SI NAXCE
11 GEORGE V, A. 1921
Royal — Continued.
MISCELLANEOUS STATEMENT— Conc/urf'd.
IL The special class policies referred to in 1 (1), (d) and (/) are entitled to the ordinary surrender
values and paid-up assurances. The policies referred to in 1 (1) ib) are entitled to surrender values and
paid-up assurances calculated as if the rated up age were the true age at entry.
IIL At the present time it is not possible to ascertain in respect of the year 1920 the net ledger assets
at the end of the year and the interest received during the year.
IV. The distribution of surplus.
(a) At each of the Quinquennial Valuations 1875 to 1890 inclusive the Shareholders received
25 per cent and the policy-holders 75 per cent of the divisible surplus. Since 1890 the proportion
allocated to Policyholders has been increased on each succeeding distribution and at the last dis-
tribution in 1920 was 88-2 per cent.
(h) The principles upon which the profit or surplus is distributed consist in treating the policies
privileged to participate as being entitled to reversionarj' additions regulated by the amounts assured
and the number of premiums paid for which no previous apportionment has been made. These
principles are carried into effect by finding in accordance with the Table of Mortality and the rate
of Interest assumed in estimating the Company's Life Assurance Liabilities, namely, the British
Offices Life Tables Om and Om (5) at 3 per cent, the uniform annual rate of addition to the sums
assured which the available surplus will admit of. The Reversionary Bonuses to be allotted are
directly ascertained by this process; and the Cash Bonuses, reductions of premiums, and Deferred
Contingent Bonuses allowed in other cases are derived from the Reversionary Bonuses by the Om Table
of Mortality at 4 per cent. No variation in the method is made for Tropical and Sub-Tropical policies,
(c) The Company does not grant dividends to annuitants.
DEFERRED DIVIDEND POLICIES.
Issued prior to January 1, 1911, and Amount of Profits contingently apportioned thereto.
Total net *Profits Total Net *Profits
Year of Issue. Amount in Contingently Year of Issue. Amount in Contingently
Force. Apportioned. Force. Apportioned.
1903 $ 19.000 00 S 5,436 80 1907 $ 19.000 00 $3,240 76
1904 .32,4.37 30 7,589 22 1908 32,500 00 4,252 88
1905 21,000 00 3,647 86 1909 113, .500 00 14,983 39
1906 29,500 00 5,147 95 1910 221,. 500 00 25,256 03
Totals $488,437 30 $69,554 89
Issued on and after January 1, 1911, and Amount of Profits credited thereto.
Total Net Total Net
Year of Issue. Amount *Profits Year of Issue. Amount *Profits
in Force. Credited. Force. Credited.
1911 $114,500 00$ 10,874 68 1917 $ 17,000 00$ 531 f>4
1912 82,000 00 8.204 40 1918 25. .500 00 402 34
1913 •. 109,500 00 8,322 25 1919 56,600 00 668 99
1914 65,000 00 4,36152 1920 18,500 00
1915 5,000 00 28111
1916 3,000 00 173 60 Totals $ 496.600 OC § 33,820 53
Schedule C.
Bonds and debentures on deposit with Receiver General: — Par value. Department's
Governments — value.
Canada— Stock $ 200.847.33 $ 168,71176
Victory Loan 260. 000 00 200, 000 00
Manitoba— Debentures 25.000 00 23,2.50 00
Ontario— Bonds 25, 000 00 23, 000 00
Debentures 50,000 00 43,500 00
Quebec— Inscribed stock 117,033 .33 97,844 .33
British War Loan 535,333 34 436,296 66
Cities —
Hull 40.. 500 00 33.615 00
Montreal 50, 000 00 49, 000 00
Toronto 9 7.. 3.33 .33 75,920 00
Vancouver 50, 000 00 38, 500 00
Schools — '
Montreal, Protestant 125,000 00 105,500 00
Montreal, R.C .50,000 00 42,000 00
Westmount 48,000 00 ' 47,040 00
Railu-ays —
Canadian Northern Rv. (guaranteed by Dom. of Canada),
19.34, 4 p.c 73,000 00 62,780 00
Canadian Northern Ontario Ry. (guaranteed by Ontario),
1938, 3* p.c 486, 666 67 374, 733 33
S 2,233,714 00 $ 1,881,691 08
*Being sums payable only at the expiration of the period of deferment if the assurances are then sub-
sisting and valid.
lAFK IX>iUR A\CE COM/'AXIEH
337
SESSIONAL PAPER No. 8
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338
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
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SESSIONAL PAPER No. 8
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ni'lI'MiTMESr IH' J.WSLh'A.WK
11 GEORGE V, A. 1921
TTTK SA8KA'l(;rrKWA\ I.IFE INSURANCE COMl'AN^
Statkmknt for thk Yeak ending Dkckmbeu 31, 1U20.
President, Chas. Willoughby — Managing Director and Secretary, T. F. Conuou — Vice-Presi-
dent, D. Low, M.D. — Head Office, Regina, Sask.
[For Lint of Directors see Appendix.)
(IiuM)rp()r:uo<l Alitn-li 12, 1912. !>%• \vA of tlie Parliament of Canada, 2 George V, cap. 147. Dominion Liccnso
i.s.siiod March 10. 1914. ("ommenccd husincs.^ May 22. 1914.)
CAT^ITAL .STOCK.
Authorizetl and fiuhisc.iibed R 1 , 000, 000
Paid in .-ash 100,000
I^romium on capit;d .stock paid by ssliari'liolders 132,381
Total Lodger As.set.s
Non-I.edger Assets .
'For [/i.st of Shar(h<>l(lirK aec Aj)pen(li.r.}
SCMMAKV I'.ALAXCK .SHEET.
. I s.s( l>> . L iubililicfi .
S 3(5.1,438 ;!2 Total Liabilities •< 278.999 83
37,870 9:*. E.xcess of assets over liabilities —
Capital stock paid
in cash $ 100,000 00
Surplus 24,309 42
124,309 42
Total A.ssets...
S 403,309 2.')
Total S 403,309 25
.SYNOPSIS OF LEDGER ACCOLNTS.
A.sat DecemiH-rSl, 1919—
Net Ledger As.sets
Borrowed money
Staff \ictorv Bond account.
S 280,31)0 Ifi
40,734 00
50 00
Toial Lodger As.spts S 327,144 Hi
Increase in Jjodgor Assets in 1920 —
Income S 149, 662 58
Suspense account 86 5.')
Total inci
S 149,749 13
Total « 476,893 29
Decrease in Ledger Assets in 1920 —
Disbursements .? 70,670 97
Decrease in borrowed money 40,734 00
Staff \ictory Bond ac(;ount 50 00
Total deci
§ 111,454 97
As at December 31, 1920—
Net Ledger Assets ? 365,351 77
Suspense account 86 55
Total Ledger Assets $ 365,438 32
Total $ 476,893 29
AS.SE'I'S.
r.iddir Ass-elf:.
Mortgage loans on real ostali-, first liens .. . . S
Amount secured by the Company's policies in force, the resoivi- on oacli policy )>eing in
excess of all indebtedness —
Loans to poli(\vholders •? 8, 173 01
Advances to policyholders under automatic non-forfeiture pro\isions 17,280 84
Book value of bonds, debentures and debenture stocks ownetl by the ( ompany {For details
see Schedule (')
Cash: At Head Office, ?l,ir)4.73; In I'nion Bank of Canada. Pegina, $5,763
SO, I OS 66
25,453 85
252,948 08
6.927 73
Total Ledger Assets $ 365,438 32
LIFE l^'Sl^RA^:CE COMPANIES 341
SESSIONAL PAPER No. 8
The Saskatchewan Life — Contiuiud.
ASSETS— Condudf'd.
Non-Lcdgcr Assets.
Interest or dividends on— l>ue. Accnicd.
Mortgages S 311 50 $ 902 8.S
Bonds ami debentures 181 W) 7, 0(54 4!)
Premium notes, policy hians and liens -WJ) 48
Rank balances 16 (50
!t.08fi SO
Total interest $ 493 40 % 8,543 40
j;
Ciross premiums, less reinsured^ First Year. Itenewal.
Due and unfollected $ 5,235 89 % 28,04103
Deferred 13 90 198 M)
Total $ 5,249 79 $ 28,239 13
Deduct commissions and estimated loss in collection. . 2,624 89 3,529 90
Net premiums due and uncollected . and deferred $ 2, 624 90 % 24, 709 23
27,334 13
Office furniture and equipinent 1 1 500 00
Total Non-Ledger Assets ? 37,870 93
Total Assets % 403,309 25
LIAHIUTIES.
Net liability under assurance, annuity, and supplementary contracts in force for payments
not due, dependent on life, disability or any other contingency or on a term certiiin (.S((
Statement of Actuarial Liabilities) $ 201 , 005 00
Net liability for payments due under contracts — Death losses, adjusted but unpaid. . 3,885 25
R<»ceived from policyholders in advance — Premiums 1 , 135 43
Provincial, municipal and other taxes due and accrued 2.000 00
.Salaries, rents and office expenses, due and accrued 93 15
Medical examiners" fees due and accrued __71 00
Commissions to agents due and accrued 750 00
<'ontingeney and investment reserve 10,000 00
ToisA Liabilities $ 278,999 83
IXCOMK.
First Year. Henewal.
A.ssurance premiums S 29,307 82 $ 102,211 21
Less reinsurance premiums paid 985 45 1,629 25
Total net premiums '% 28,322 37 $100,58196
.? l2S.i)04 33
Gross dividends or interest on —
Mortgages % 0, 900 29
Bonds and debentures (le.ss SI ,875.01 paid for accrued interest on bonds
acquired during year) 11, 592 83
Premium notes, policy loans an<l liens 1 ,583 26
20.076 38
Premium on capital stock 465 40
Gross profit on sale or maturity of ledger asset.s — Bonds 216 47
Total Income $ 149,662 58
DI.SBFRSEMENTS.
In respect of assurance contracts: —
Death claims — Amount assured $ 14, 614 75
Xet surrender values 1,678 09
Total net disbursements in respect of assurance contracts S 16,292 84
Net payments on supplementary ontracts — Not involving life contingencies 250 00
Taxes, licenses and fees (including taxes on investments but excluding taxes on real estate). 2,312 00
Head office expenses: — Salaries, $16,318.50; auditors' fees, $188; travelling expenses, $251 .35:
rents. $1,470.20 18,228 05
Branch office and agency expenses; — .\ssurance commissions — first year, $17,858. 14; renewal,
.$627.34: salaries, .'«4,327.50: travelling expenses, $3,640.72 20.453 70
All other expenses; — Advertising, $680.69; books ancl periodicals, $59.47; express, tele-
grans and telephones, $116.62; legal fees, $1,141.15; medical fees, -$2,177.50; postage.
.$826.01; printing and stationerv. $652.84; commissions on loans. $10; exchange, $164,41 :
supplies, Sl.34.29; sundry expenses, $1.171.40 7,134 38
Total Disbursements $ 70,670 97
342
DEPARTMENT OF INSURANCE
The Saskatchewan Life — Continued.
EXHIBIT OF ANNUITIES.
11 GEORGE V, A. 1921
Classification.
Arising out of Life
Assurance Contracts.
Not involviniE; life
contingencies:.
No.
Annual
Payment.
At end of 1919
1
S cts.
250 00
At end of 1920
1
250 00
EXHIBIT OF POLICIES.
(For policies herein included involving disability benefits see Abstract.)
Classification.
Whole Life.
Endowment
Assurances.
Term and
Other.
Totals.
No.
Amount.
No.
Amount.
No.
Amount.
No.
Amount.
At end of 1919
New issued
1,693
316
36
S
3,557,463
800, 525
73,675
55
27
$
93,000
34,500
19
3
$
103,413
7,509
469
12,509
1,767
346
36
1
S
3,753,876
842,534
Old revived
74,144
Old increased
12,509
Transferred to
1
3,000
3,000
Totals
2,046
4,434,663
82
127,500
22
123,900
2,150
4,686,063
Less ceased by —
Death
8
13,500
1
5,000
9
3
17
178
""52
1
18,500
Expiry ...
3
10,000
10,000
Surrender
16
173
37,850
383,160
35,100
152,500
1
2
1,000
2,000
38,850
Lapse
3
14,148
1,552
430
399,308
Decrease
36,652
Not taken
50
2
1
2,000
1,000
154,930
1,000
Total ceased
247
622,110
7
11,000
6
26,130
260
659,240
At end of 1920
1,799
3,812,553
75
116,500
16
97,770
1,890
4,026,823
Reinsured
88,187
7,500
1,212
96,899
MISCELLANEOUS.
New policies issued and paid for in cash: — Number, 323; gross amount, $751,555; reinsured
in other licensed companies, $26,000.
Total amount in force divided as to dividend plan: — Quinquennial, $551,365; deferred,
$3,420,35S; non-participaing $55,100. Total S 4,026,823
LIFE INSURANCE COMPANIES
SESSIONAL PAPER No. 8
The Saskatchewan Life — Continued.
STATEMENT OF ACTUARIAL LIABILITIES.
Assurance Section.
343
Class of Contract.
Gross in Force.
Reinsured in Companies
licensed in Canada.
No.
Amount.
Reserve.
Amount.
Reserve.
Ordinary with profits —
Life
1,786
72
9
$
3,784,453
113,500
73,770
260,626
12,811
465
1,719
$
88, 187
7,500
1,212
2 314
Endowment Assurance
221
Term, etc
180
Disability benefits.
Totals
1,867
3,971,723
275,621
96,899
2,715
Ordinary without profits —
Life
13
3
7
28,100
3,000
24,000
4,875
1,372
172
Endowment Assurance
Term, etc
Totals
23
55, 100
6,419
Grand Totals
1,890
4,026,823
282,040
96,899
2,715
Annuity Section.
Class of Annuity.
Gross in Force.
No.
Annual
Payment.
Reserve.
With profits—
Supplementary contracts —
Not involving life contingencies
1
250
3,184
SUMMARY OF RESERVE.
Without
With profits. Profits. Total.
Total reserve, policy and annuity contracts $ 278,805 $ 6,419 $ 285,224
Total reserve on reinsured contracts i 2,715 2,715
Total net reserve on the Company's (statutory) basis of valua-
tion $ 276,090 $ 6,419 $ 282,509
Deduction made therefrom (being the full deduction permitted
under Section 43 (3), Insurance Act, 1917) 21,406 38 21,444
Net reserve carried in the liabilities $ 254,684 $ 6,381 $ 261,065
344 DFPARTMEXT OF IXsl RAXCE
11 GEORGE V, A. 1921
The Saskatchewan Life — Conchirled.
MISCELLANEOUS STATEMENT.
1 . The culculution oj llit. "licscne" in the "Statement of Actuarial LiaLnliticx."
(1). General Principles: — Policies of the same plan and same year of issue were grouped as U> age
nearest birthday at date of entry for purpose of valuation, being the same age as used in calculating pre-
miums. I'ropared tables of mid-year p(^licy values on the Om f5) 3i per cent basis were used. No life
annuities were issued.
Special duasen- —
(a) No tropical or sub-tropical business has been transacted.
(b) No policies have been issued at premiums corresponding to :iges higlicr than the true one.
(c) In the valuation of policies any liens were ignored.
(d) Policies subject to extra premiums were valued as ordinary j)olicies.
(e) Any policies issued as substandard were valued as standard.
(/) 1. IJefore Disability — Policies iss-ued witli disat)ility benefits consisting of waiver of premium
only were valued at 25c per $1,000 00 Policies providirg for disability benefits consisting of waiver of
premium and payment of monthly income of SIO per month per $1,000 of insurance during disability were
valued by Hunter's Disability Tables with interest at 3 per cent.
2. No disability claims have arisen.
(g). No annuities have been issued.
(2). Itejn-s of Special Reserve —
(a) No .special reserves were made e.vcept as follows: —
(b) Guaranteed cash values in excess of the net premium reserve on the basis of valuation employed
were valued as Pure J^ndowments. The additional reserve so found being added to the ordinary-
reserve.
II. No modifications or limitations as to guaranteed values are made under policies in special cla.sses
1 tl) (a) to (/).
III. The average rate of interest earned during the year on the tuean net ledger assets was 6 -So per cent.
IV. No surplus has yet been distributed.
S( HEDULE C.
*Honds and debentures — Par value. Book value. Department's value.
(rovernmcntH —
Canada— Victory Loan % 75,600 00 S 75,589 50 $ 75,589 50
Russia— Internal Loan 5,145 00 .'J. 063 80 1,630 00
.4??)cWfl— Medicine Hat 15,000 00 14,292 00 13.500 00
Saska tch ewa n —
Moose Jaw 4.379 99 3,160 27 3,160 27
Regina 25, 000 00 24. 500 00 22, 750 00
Saskatoon 1 , 946 66 1 , 475 07 1 , 475 07
Villages. Saskatchewan — Four villages, par value
for each not exceeding $2,000 5, 243 00 5. 253 45 5. 253 45
Rural Municipalities, Saskatchc%can —
Buffalo .- 7.000 00 6,7.53 46 6.650 00
Gravelbourg 5,000 00 5.000 00 5,000 00
Norton S. 000 00 7.857 29 S. 000 00
Schools —
Alberta —
Calgary .. 7,000 00 6,683 60 6.683 60
Two other schools 1 , 080 00 1 , 080 80 1 , 150 80
Sa skatche wa n —
P>uitvale : 25,000 00 25.000 00 25,000 00
Regina 7,750 00 6.760 85 6.760 85
Fortv-one other scliools, par value for each
not exceeding S:5,o00 41.529 29 41.834 82 42.640 80
Rural Telephones, Saskatchewan —
Colon.say 6,500 00 6,710 34 6,710 34
Seven other rural telephones, par value for
each under $4,800 17,6.30 36 17,9.32 83 17,932 83
$ 258,804 30 S 252,948 08 $ 249,887 51
*0f which are on deposit with Receiver General in Canada— Victory Loan, $5,000; City of Medicine
Hat, $15,000; City of Regina, .$25,000: R. M. of Buffalo, $7,000: R. M. of Norton, $8,000.
LIFE I^hSVRA^'CE COMPANIES
345
SESSIONAL PAPER No. 8
LA SAUVEGARDE LIFE INSURANCE COMPANY
Statement fok the Year ending December 81, 1920.
President and Manager, G. N. Ducharme — Secretary, L. N. Ducharme — Actuary, Th^o.
Marot, B.A.^Consulting Actuary, A. W. Strong, A. I. A. — Vice-Presidents, Hon. N.
Perodeau, T. Bienvenu — Head Office, Montreal.
(For List of Di rectors sec Appendix.)
(Incorporated by Chapter 95 of Quebec Statutes in 1903. Commenced business November, 190.1. Incor-
porated 1-2 Geo. V, cap. 39, May, 1911, Dominion license issued August 1, 1912.)
CAPITAL STOCK.
Authorized S 2,000,000 00
Subscribed L 196-000 00
Paid in cash 178,500 00
Premium on capital stock paid by Shareholders ,57, 639 50
(For List of Shnrrliolders s<e Ai)pcndix.)
S IT M M A K Y ]^ A LA N C E S H I<:ET
Assets.
Total Ledger Assets $ 1,884.941 81
Deduct excess of total book value of
Ledger Assets over total Depart-
ment's value 8,871 15
Total Ledger Assets taken at Depart-
ment's value $ 1,876,070 66
Xon-Ledger Assets 72,730 07
Juiahilities.
Total Liabilities S 1 . 672,876 68
Excess of Assets over Liabilities: —
Capital Stock paid in
cash $ 178,. 500 00
*Surplus 97,424 05
275.924 05
Total Assets $ 1,948,800 7.'
Total « 1,948,800 73
SYNOPSIS OF LEDGER ACCOUNTS.
As at December 31, 1919:—
Net ledger assets $ 1 , ,502, 642 36
Borrowed money ,55,000 00
Items in suspense 1,341 67
Total Ledger Assets S 1,. 558, 984 03
Iivcrease in ledger assets in 1920;—
Income
Increase in borrowed money
373,821 40
1.50,000 00
Total increase
$ 523,821 40
Total -I 2,082,805 43
Decrease in lodger assets in 1920: —
Disbursements S 184, 608 79
Amount by which ledger assets
were written down 12,552 89
Decrease in items in suspense. . . . 701 94
Total decrease $ 197, 863 62
As at December 31, 1920:—
Net Ledger Assets S 1 . 679, .302 OS
Borrowed money 205. 000 OO
Items in suspense 639 73
Total Ledger Assets $ 1,884,941 81
Total $ 2,082,805 43
*The whole surplus is (njnt ingentlv apportioned to deferred dividend policies issued prior to Januar>
1, 1911.
346 DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
La SauvegarDe — Conlinued.
ASSETS.
Ledger Assets.
Book value of real estate, unencumbered, held by the Company {For details see Schedule A).% 479, 134 0^
Mortgage loans on real estate, first liens .■•■■.• l^^- ^^^ ^
Amount secured by the Company's policies in force, the reserve on each policy being in
excess of all indebtedness: —
Loans to policyholders $ 129,519 44
Advances to policyholders under automatic non-forfeiture provisions 5, 373 14
134,892 58
Book value of bonds, debentures and debenture stocks owned bj'^ the Company {For details
see Schedule C) 1,083,435 92
Cash: At Head Office, $.520.22; In banks, 112,793.27 {For details see Schedule E) 13,313 49
Total Ledger Assets $ 1,884,941 81
Deduct excess of total book value of real estate, bonds, debentures and stocks over total
Department's value 8,871 15
Total ledger assets taken at Department's value % 1,876,070 66
Non-Legder Assets.
Interest, dividends and rents, due and accrued: — .... Due. Accrued.
Interest or dividends on —
Mortgages $ 2, 922 79
Bonds and debentures 18,436 65
Premium notes, policy loans and liens % 59 84
Total interest $ 59 84 $ 21,359 44
Rents 3,990 34
Total interest, dividends and rents, due and accrued.. . S 4,050 18 $ 21,359 44
. S 25,409 62
Gross premiums, less reinsured: — First Year. Renewal.
Due and uncollected S 26,607 34 S 27,543 41
Deferred 8.58 52 5, 271 07
Total % 27,465 86 % 32,814 48
Deduct commissions and estimated loss in collection 17, 295 07 895 23
Net premiums due and uncollected, and deferred S 10,170 79 $ 31,919 25 42,090 04
I'urniture 5,230 41
Total Non-Ledger Assets % 72,730 07
Total Assets $ 1,948,800 73
LIABILITIES.
Net liability under assurance, annuity, and supplementary contracts in force for payments
not due, dependent on life, disability or any other contingency or on u term certain (»See
Statement o/ Actuarial Liabilities) % 1,422,997 23
Net surrender values claimable under cancelled contracts 7,213 ,00
Net liability for payments due under contracts: — Death losses — unadjusted, $10,750; re-
sisted, not in suit, $5,000 15,750 00
Amounts left with the Company (arising out of assurance contracts) including interest
accumulations : —
Dividends, $12.03; all other amounts, S745.06 757 09
Received from policyholders in advance: — Premiums, $470.27; interest, $2,213.49 2,683 76
Net profits alloted to deferred dividend policies issued on and after January 1, 1911 2,952 19
Provincial, municipal and other taxes due and accrued '^' 2^^ ^^
Balance of shareholders' surplus account 2, 789 26
Auditors' fees, balance due 625 00
Borrowed money 205,000 00
Reserve, special, or surplus funds not included above: —
Agents' sundries, $639.73; reserve for contingencies, $4,000 4,639 73
Sundry accounts payable at the end of the year 2, 655 80
Total LiabiUties $ 1. 672, 876 68
LIFE INSURANCE COMPANIES
SESSIONAL PAPER No. 8
La Sauvegarde — Continued.
SHAREHOLDERS' SURPLUS ACCOUNT.
347
Balance, December 31, 1920 $ Nil.
Interest added during 1920 10,522 22
Shareholders' proportion of profits —
Non-participating account 833 19
Participating account 1,356 24
Increase in assets due to revalua-
tion 53 00
Sundries 41 48
Total $ 12,806 13
Proportion of expenses
Shareholders' proportion of losses:-
Decrease in assets due to revalua-
tion
Transfered to participating account.
Transferred to sundry reserves
Investment expenses shares
Balance, December 31, 1920. . .
Total
480 59
1,549 35
7,523 70
6 44
456 79
2,789 26
$ 12,806 13
INCOME.
First Year.
Assurance premiums $ 69, 005 95
Less reinsurance premiums paid 11 , 520 37
Total net premiums $ 57,485 58
Renewal.
$ 240,787 19
9,436 27
$
Single.
*178 06
$ 231,350 92
$
178 06
3f
289, 014 56
275 55
inaencies
Consideration for supplementary contracts: — Involving life contingencies.
Interest, dividends and rents: —
Gross interest or dividends on —
Mortgages $ 8, 717 72
Bonds and debentures 47,998 87
Premium notes, policy loans and liens 6, 747 63
Other assets 569 97
Total $ 64,034 19
Gross rents for Company's property (including $5,293.13 for Company's
occupancy of its own buildings) less $32,042.45 for taxes, expenses and
repairs in connection with such properties 20, 133 85
Total interest, dividends and rents.
Sundry receipts.
84,168 04
363 25
Total Income $ 373,821 40
DISBURSEMENTS.
In respect of assurance contracts: —
Death and endowment claims —
Amount assured :^Death claims, $47,469.01; matured endowments, $7,000 $
Net surrender values
Net dividends —
In cash ._ $ 1,013 72
Applied as single premiums — To purchase bonus addition 178 08
* Paid by application of assurance dividends. .
t Investment expenses included in these items are placed at l
from investments and rents.
54,469 01
13,327 85
1,191 78
Total net dividends
Total net disbursements in respect of assurance contracts $ 68, 988 64
•f-Taxes, licenses and fees (including taxes on investments but excluding taxes on real estate) . 6, 114 59
fHead office expenses:— Salaries, $19,061.58; directors' fees, $1,950; auditors' fees, $1,175;
rents, $5,293.13 ^ 27,479 71
fBranch office and agency expenses: — Assurance commissions — first year, $39,779.15; re-
newal, $6,005.05; advanced to agents, $3,945.52; salaries, $2,425; travelling expenses,
$1,370.73; superintendent's fees and expenses, $3,891.43; miscellaneous, $5,175.03 62,591 96
fAU other expenses: — Advertising, $5,130.97; express, telegrams and telephones, $527.22;
■ legal fees, $527.77; medical fees, $7,926; office furniture, $1,256.04; postage, $1,130.45;
printing and stationery, $1,976.30; sundry disbursements, $469.49; inquiries, $489.65.. 19,433 89
Total Disbursements $ 184, 608 79
1,208.40, being 5 per cent of net income
348
iih:i'Mrr\ff:\T or i\si uwce
La SAVVBGAnvE—Conlimied.
EXHIBIT OF ANNUITIES.
11 GEORGE V. A. 1921
Classification.
Arising out of Life
Assurance Contracts
Involving life
contingencies
No.
Annual
Payment .
New issued
0
S cts.
900 00
240 00
\t end of 1920
4
660 00
EXHIBIT OF POLICIES.
(For policies herein included involving disability bcnclits see Abstract.)
Classification.
Whole Life.
Endowment
Assurances.
Term and
Other.
Bonus
Addi-
tions.
Totals.
No.
Amount .
No.
Amount.
No.
Amount.
No.
Amount.
At end of 1919
New issued
4,342
1,149
6
1
S
5. 261,. 364
1,571,500
5,. 500
2,500
1,000
2,090
401
9
3,028,073
774,800
8,500
54
13
$
85,000
.54,000
$
883
348
6,486
1 , 563
15
1
8
8,375,320
2,400,648
14,000
2,. 500
1.000
Totals
5,498
6,841,864
2,500
3,811,373
67
139,000
1,231
8,065
10,793,468
I^ess ceased bj- —
Death
26
28,850
19
3
21,900
7,000
1
2,000
46
3
4
82
500
52,750
7,000
4
4,500
4,500
53
328
68,750
395,000
9,450
216,500
29
165
"43
.33,000
247,250
11,697
74,750
1,000
101,750
7
19,000
(161,250
21,147
158
201
291,250
1,000
Total ceased
565
718,550
259
3§6,597
12
25,500
836
1,140,647
At end of 1920
4,933
6,123,314
2,241
3,414,776
55
113,500
1,231
7,229
9.652,821
273,000
240,000
33,000
546,000
MLSCELLANKOUS.
New policies issued and paid for in cash: — Number, 1,187; gro.ss amount, $1,782,848; rein-
sured in other licensed companies, S212,000.
'J'otal amount in force divided as to tlividend plan: — Annual, $59,000; (luintiuennial, $150,000;
deferred, $7,2.52,.545; non-participating, S2, 191,276. Total $ 9,652,821
LIFE INSURANCE COMPANIES
349
SESSIONAL PAPER No. 8
La Sauvegardk — CoiUinued.
STATEMENT OF ACTUARIAL LIABILITIES.
Assurance Section.
Class of Contract.
OrHinan/ -iriili profits —
Life
Endowment assurance
Term, etc
Bonus addition
Endowments at limited ages.
Totah
Ordhian/ ivilhout profits —
Life
Endowment assurance
Term ,etc
Endowment at limited ages
Additional reserve (included above)
policies with premiums less than 1-025
Om (.')) 05% net premiums
Totals
Grand totals.
Gross in Force.
No. Amount. Reserve
4,517
1,049
17
559
6,142
416
262
38
371
1,087
7,229
S cts
5,224,747 00
1,265,791 00
16,500 00
1,231 00
953,276 00
7,461,545 00
898,. 567 00
420,917 00
97,000 00
774,792 00
( 220,000.00)
2,191,276 00
9,6.52,821 00
% cts.
672,032 .57
4.38,929 t)9
1,140 30
449 04
46,804 20
1,1.59,355 80
129,976 89
98,741
073 25
93,011 94
(• 3,767.24)
322,403 40
1,481,759 20
Rein.sured in Companies
licensed in Canada.
Amount . Reserve
% cts
149,, 500 00
69,000 00
116,000 00
3.34,. 500 00
% cts.
8,515 90
7,772 66
2,950 04
19,238 60
123,. 500 00 3,624 27
5,000 00 .57 70
33,000 00 220 36
50,000 00 3,962 65
( 19,000 00)
2 11,. 500 00
546,000 00
264 95)
7,864 98
27,103 58
Annuity Section.
Class of Annuity.
Gross in Force.
No.
Annual
Payment.
Reserve.
With profits —
Supplementary contract.s —
4
$ cts.
660 00
$ cts.
112 12
SUMMARY OF RESERVE.
With profits. Without profits. Total.
Total reserve, policy and annuity contracts -S 1,159,467 92 $ .322,403 40 S 1,481,871 32
Total reserve on reinsured contracts 19,238 60 7,864 98 27,103 58
Total net reserve on the Company's (statutory) basis of
of valuation ! $1,140,229.32 % 314,538 42 % 1,4.54,707 74
Deduction made therefrom (being the full deduction per-
mitted under Section 43 (3), Insurance Act, 1917) 25,992 68 5,777 83 31,770 51
Net reserve carried in the liabilities $1,114,236 64 $ 308,760 59 $1,422,997 23
350
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
La Satjvegarde — Conlinued.
MISCELLANEOUS STATEMENT.
I The Calculation of the "Reserve" in the "Statement of Actuarial Liabilities."
(1). Policies of the same plan and same year of "ssue were grouped as to age at entrj- for valuation.
There were no annuities. The valuation was made from Tables of mid-year policy values prepared by the
Net Premium Method — Annual dividends were valued Om (5) .3%; all other Om (5) 85%. The age for
valuation purposes was taken at age next birthday at issue and the duration N+J where N is the curtate
duration.
Special classes —
(a) There were no policies in force on lives resident in tropical or sub-tropical countries.
(6) Policies issued at premiums corresponding to ages higher than the true ages were valued at the
higher ages.
(c) In the valuation of policies subject to liens, the liens were disregarded.
(d) Extra premiums are charged for occupational hazards only and are payable annually. Extra
premium is disregarded in valuation.
(e) No policies were issued on Substandard lives except as described in (b) and (c).
(/) On policies issued with disability benefits providing for waiver of premium only, before the
occurrence of disability one half of the gross annual extra premium is set aside. No disability has yet
arisen. On policies issued providing for waiver of premium and a monthly annuity of SIO per §1,000 the
extra reserve is based on tables formed by combining the Om (5) Table of Mortality with the Table of
Disabled Lives. No disability has yet arisen.
(g) There were no annuities.
(2). Items of special reserve —
(a) No special reserve is maintained except as follows: —
(b) An additional reserve is held to provide for guaranteed benefits in excess of the net premium
reserve on the basis of valuation employed.
II No modification or limitation is made under the special class of policies referred to in I (1) (a) to
(/) in respect of cash surrender values, paid-up insurance, extended term or automatic extended term insur-
ance.
III The average rate of interest earned during the year on the mean net ledger assets was 6-07 per cent.
IV Distribution of surplus —
(a) The Shareholders' Fund is credited with interest in proportion to mean funds, (shareholders'
fund being capital paid-up) and is charged with its proportion of any los.ses on investments. The
shareholders are also entitled to 10% of profits arising from Participating Policies and to the entire
profits arising from Non-Participating Policies.
(6) Annual dividends were equal to 60 per cent of excess of ofiice premium over net premium on
Om (5) 3 per cent basis.
,(c) No annuities.
DEFERRED DIVIDEND POLICIES.
Issued prior to January 1, 1911 and amount of profits contingently apportioned thereto.
Year of Issue.
1902 S
1903
1904
1905
1906
1907
Total Profits Con- Total Profits Con-
Net Amount tingently Year of Issue. Net Amount tingently
in Force. Apportioned. in Force. Apportioned
36,7.50 00$ 5,237 17 1908 $ 337,850 00$ 13,175 17
9,7.50 00 1,089 64 1909 342,053 00 8,606 59
84,000 00 8,018 85 1910 321,447 00 4,249 57
248,000 00 19,8.38 51
262,766 00 17,859 31 Totals $2,024,266 00 97,424 05
381,650 00 19,379 24 — =
Issued on and after January 1, 1911 and amount of profits credited thereto.
Year of Issue.
1911.
1912.
1913.
1914.
1915.
1916.
Total
Net Amount
in Force.
S 288, 199 00 $
357,776 00
271,367 00
190,862 00
3.36,031 00
218,375 00
Profits
Credited.
Year of Issue.
Total
Net Amount
in Force.
Profits
Credited.
1,509 34 1917 S 195,518 00 Nil.
814 50 1918..: 364,402 00 Nil.
422 10 1919 1,128,035 00 Nil.
206 25 1920 1,877,714 00 Nil.
Nil. •
Nil. Totals $5,228.279 00$ 2,952 19
LIFE INSURANCE COMPANIES
35t
SESSIONAL PAPER No. 8
La Sauvegarde — Concluded.
Schedule A.
Real estate —
Building, 90-92 Notre Dame East, Montreal.
Building, 72 Notre Dame East, Montreal
Book and
Actual cost. Department's
.$ 324,948 94 $ 352,624 85
. 126,509 15 126,509 15
$451,458 09 $479,134 00
Schedule C.
Bonds and debentures — Department's
Government — Par value. Book value. Value.
Canada— Victory Loan $ 196,500 00 $ 196,430 00 $ 196,430 00
Cities, Quebec —
Montreal 122,999 99 101,312 28 101,312 28
Three Rivers 30,000 00 26,22108 23,422 53
Town, Quebec— St. Lambert 25,000 00 23,655 17 23,655 17
Villages, Quebec —
L'Annonciation 16,000 00 15,832 95 13,600 00
La Tuque 25,000 00 24,260 02 22,750 00
Mont Laurier 22,000 00 21,325 04 18,920 00
*Ste. Agathe des Monts 73,666 99 73,693 75 64,610 30
Ville Marie 37,000 00 37,000 00 31,820 00
Four other villages, par value for each under
$8,400 20,253 04 19,005 07 17,860 94
Schools, Quebec —
Ahuntsic 50,000 00 50,000 00 51,500 00
Montreal, Commercial High School 10, 000 00 7, 004 00 7, 004 00
Pointe aux Trembles 150,000 00 131,156 25 148,500 00
St. Jean de la Croix 10,000 00 9,779 59 9,000 00
St. Gregoire Le Thaumaturge, R.C 1,000 00 909 44 909 44
Railways —
Canadian Northern Ry. (g'teed by Dom. of
Canada) 1934, 4 p.c 48,666 65 36,552 52 36,552 52
Detroit United Ry., 1st Cons. Mtge., 1932, 4§ -
p.c 100,000 00 81,47110 81,47110
Montreal Tramways Co., 1st and Ref. Mtge.
1941, 5 p.c 34,500 00 28,475 84 28,475 84
Miscellaneous —
Dominion Iron and Steel Co., Ltd., 1st Mtge.,
S. T., 1929, 5 p.c 25,000 00 22,309 23 22,309 23
Dominion Iron and Steel Co., Ltd., Cons.
Mtge., 1939, 5 p.c 42,339 98 30,135 81 30,135 81
Montreal Water and Power Co., 1932, 4| p.c. . 148,433 32 119,095 61 119,095 61
Saraguay Electric Co., (g'teed by Cartier-
ville, 1937, 5 p.c 29,000 00 27,81117 25,230 00
$1,217,359 97 $1,083,435 92 $1,074,564 77
Schedule D.
Cash in banks —
Banque d'Hochelaga, Montreal
La Banque Provinciale du Canada, Montreal .
21 45
12,771 82
$ 12,793 27
*0f which $70,000 is'on'deposit with Receiver General.
352 DKI'AJri Mi:.\ I OF J\SI /.'.l.Vf/;
11 GEORGE V. A. 1921
THE SCOTTISH AMICABLE LIFE ASSURANCE SOCIETY.
Statement for the Year ending December 31, 1920.
President, The Right Hon. Lord Sta.mfokuiia.m — General Manager, W. Hutton — Secretary and
Actuary, R. Gordon-S.mith — Principal Office, Glasgow — .\ttorney in Canada, Charles J.
Fleet.
(Founded at CHa.sgow, .January 1, 1.S2G. Incorporated V)y an Act of Parliament, 1849. Comiiienceil
business in Canada, 1846.)
Xo fAPiT.\L .Stock.
ASSETS IN CANADA.
Ledijer Asset/s.
Htld Kulchj for the protection of Canadian Policyholder.-<.
Bonds and debentures on depo.sit with Receiver General: — Par value. Market value.
Province of New Brunswick— Debentures S 2.5,000 00 -? 21,496 07
City of Victoria .50,000 00 42,495 7.3
S 7.5,000 00 S 63,991 80
Carried out at market value $ 63,991 80
Other Ledger .4.s•.'^•c^s.
Amount of loans to Canadian policyholders on .security of their p<jlicies within the surrender
value .5. 0.56 47
Xon Ledger Assets.
Interest accrued on bonds and debentures on deposit 1 , 124 .56
Total .Vssets in Canada S 70,172 83
LIAl^IJTTIE.-; IN CANADA.
Net liability under a.ssurancc. annuity and supplementary contracts in force foi' payments
not due (See Statement of Actuarial Liabilities) S 34. 134 80
Provincial, municipal and other taxes due and accrued 10 61
Total Liabilities in Canada S 34, 145 41
Dl.SBURSEMENTS IX (AX ADA.
In respect of assurance contract.s:— Death claims —
Amount a.ssured ^ 2,433 33
Bonus addition 2,512 66
INCOME IN CANADA.
Assurance premiums, renewal ? 6.58 06
Gross interest or dividends on —
Bonds and flebentures * 4,011 19
Policv loans 211 27
4,222 46
Total Income in Canada S 4,880 52
4,945 99
Taxes, licenses and fees (including taxes on investments but excluding taxes on real estate). 10 55
Branch office and agency expenses: — Expenses in connection with dept)sit of Dominion and
provincial annual returns, $14.72; miscellaneous, $10 24 72
Legal fees 5 11
Total Disbursements in Canada ? 4,986 37
LIFE INSURANCE COMPANIES
353
SESSIONAL PAPER No. 8
The Scottish Amicable — Concluded.
EXHIBIT OF POLICIES.
Classification.
Whole Life.
No. Amount.
Bonus
Additions.
Totals.
No. Amount.
At end of 1919
Less ceased by death
At end of 1920
$ cts.
40,940 8.3
2,433 33
$ cts.
6,745 75
2,232 71
17
38,507 50
4,513 04
$ cts.
47,686 58
4,666 04
43,020 54
MISCELLANEOUS.
Total amount in force divided as to dividend plan: — Quinquennial, §42,022.87; non participat-
ing, $997.67
Total
$ 43,020 54
STATEMENT OF ACTUARIAL LIABILITIES
Class of Contract.
Gross in Force.
No.
Amount.
Reserve.
Ordinary, with profits — Life
16
1
$ cts.
42,022 87
997 67
$ cts.
33,477 80
657 00
Grand Totals
17
43,020 54
34,134 80
^—23^
354 DEPARTMENT OF INSURANCE
\^ GEORGE V, A. 1921
THE SCOTTISH PROVIDENT INSTITUTION.
Statement for the Year ending December 31, 1920.
Manager, R. T. Boothby — Joint Secretaries, C. W. Thompson and A. G. Donald — Actuary,
W. G. Walton — Principal Office, 6 St. Andrew Square, Edinburgh — Chief Agent in Canada,
W. L. Bond.
(Instituted in 1837. Incorporated by special Acts of Parliament in 1848, 1884, 1893 and 1901.)
No C.\PiTAL Stock.
ASSETS IN CANADA.
Ledger Assets.
Held solely for the protection of Canadian Policyholders.
Department's value of bonds and debentures on deposit with Receiver General (City of
London, par value, S75 . 000) S 70, 000 00
Other Ledger Assets.
Loans to policyholders secured by the Company's policies in force, the reserve on each
policy being in excess of all indebtedness 1,800 67
Non-Ledger Assets.
Interest accrued 43 80
Total Assets in Canada $ 71,844 47
LIABILITIES IN CANADA.
Net liabiHty under assurance contracts in force for payments not due S 20, 197 64
INCOME IN CANADA.
Assurance premiums, renewal $ 172 73
Gross interest or dividends on —
Bonds and debentures $ 3,000 10
Premium notes, policy loans and liens 121 36
3,121 46
Total Income in Canada S 3, 294 19
DISBURSEMENTS IN CANADA.
In respect of assurance contracts: — Death claims —
Amount assured, $4,380; bonus addition, $3,635.40 S 8,015 40
Legal fees 252 82
Total Disbursements in Canada $ 8, 268 22
LIFE INSURANCE COMPANIES
355
SESSIONAL PAPER No. 8
The Scottish Provident — Concluded.
EXHIBIT OF POLICIES.
Classification.
Whole Life.
Bonus
Additions.
Totals.
No.
Amount.
No.
Amount.
At end of 1919
10
$ cts.
18,493 33
$ cts.
12,979 40
21 90
10
$ cts.
31,472 73
Interim bonus added, 1920
21 90
Totals
10
2
18,493 33
4,380 00
13,001 30
3,635 40
10
2
31 494 63
Less ceased by: —
Death
8,015 40
At end of 1920
8
14,113 33
9,365 90
8
23,479 23
8—234*
356
DEI'ARTMEyr OF IM<iRAyCE
11 GEORGE V. A. 1921
THE SECURITY LIFE INSURANCE COMPANY OF CANADA.
Statement for the Year ending December 31, 1920.
President, Brig.-Gen. Sir Henry M. Pellatt, C.V.O. — 1st Vice-President and Manager, J. O.
McCarthy — Seoretarj', K. C. O. Johnson — Cashier, E. M. Murphy — Head Office, Toronto.
{For List of Directors see Appendix).
(Incorporated April 27, 1907, Vjy an Act of the Parliament of Canada, 6-7 Edward VII, cap. 120. Dominion
license issued April 27, 1911).
CAPITAL STOCK
Authorized $ 1,000,000 00
Subscribed 7.38, 600 00
Paid in Cash 229,701 93
Premium on Capital Stock paid by Shareholders 213,203 00
(For List of Shareholders see Appendix).
SUMMARY BALANCE SHEET.
Assets.
Liabilities.
Total ledger assets -? 261 , 749 63
Deduct excess of total book value of
ledger assets over total Depart-
ment's value 8, 539 .52
Total ledger assets taken at Depart
ment'svalue ? 253,210 11
Non-ledger assets 31 , 697 69
Total liabilities ?
Excess of assets over liabilities: —
Capital stock paid
in cash $ 229,701 93
Deficit 169,805 55
225,011 42
59,896 38
Total as.sets $ 284,907 80
Total S 284,907 80
SYNOPSIS OF LEDGER ACCOUNTS.
As at December 31, 1919:—
Net ledger assets $ 170,32.5 90
Items in suspense 5 00
Decrease in Ledger assets in 1920:-
Disbursements
S 113,460 31
Total ledger assets S 1 70, 330 90
Increase in ledger assets in 1920: —
Income -$
204,879 04
As at December 31, 1920:—
Net and total ledger a.s.sets.
261,749 63
Total S 375,209 94
Total S 375,209 94
ASSETS.
Ledger Assets.
Book value of real estate (less $37,000 encumbrances) held by the Company (For details
see Schedule A) 8
Mortgage loans on real estate, first liens, • .- • • .
Amount secured by the Company's policies in force, the reserve on each policy being in
. excess of all indebtedness: —
Loans to policyholders • • • S 10, 559 21
Advances to policyholders under automatic non-forfeiture provisions 6,845 38
Book value of bonds, debentures and debenture stocks owned by the Company (For details
see Schedule C)
Cash: At Head Office, $314.80; In Banks, $14,067.95. (For details see Schedule E)
.33,972 25
13,159 29
17,404 59
182,8.30 75
14,382 75
261,749 63
8,539 52
Total Ledger Assets
Deduct excess of total book value of bonds and debentures over total Department's value.
Total ledger assets taken at Department's value $ 253,210 11
LIFE INSURANCE COMPANIES 357
SESSIONAL PAPER No. 8
The Security Life — Continued
ASSETS— Concluded.
Non-Ledger Assets.
Due Accrued .
Interest or dividends on —
Mortgages ; $ 219 80
Bonds and debentures $ 2,707 54 2,125 52
Premium notes, policy loans and liens 30 42 108 03
Total interest $ 2,737 96 $ 2,453 35
— $ 5,191 31
First Year Renewal.
Gross premiums, less reinsured: —
Due and uncollected .| 8,694 50 S 10,206 28
Deferred 3,140 30 4,4.38 60
Total .1 11,834 80 .$ 14,644 88
Deduct commissions and estimated loss in collection less
prepayment 2, 904 45 366 11
23,209 12
Net premiums due and uncollected, and deferred $ 8,930 35 $ 14,278 77
Office furniture, less depreciation , 3,297 26
Total Non-Ledger Assets $ 31,697 69
Total Assets $ 284, 907 80
LIABILITIES.
Net liability under assurance, annuity, and supplementary contracts in force for payments
not due, dependent on life, disability or any other contingency or on a term certain
{See Statement of Actuarial Liabilities) • $ 222, 329 00
Net liability for payments due under contracts: — Death losses, adjusted but unpaid 1,000 00
Received from policyholders in advance:— Premiums 180 55
Provincial, municipal and other taxes due and accrued 465 91
Salaries, rents and office expenses, due and accrued 440 46
Medical examiners' fees due and accrued 595 50
Total Liabilities $ 225,011 42
INCOME.
First Year. Renewal.
Assurance premiums $ 45,545 46 $ 67, 103 00
Less reinsurance premiums paid 2, 191 86 7,359 20
Total net premiums $ 43,353 60 $ 59,743 80$ 103,097 40
Interest, dividends and rents; — • — . — .
Gross interest or dividends on —
Mortgages $ 882 14
Bonds and debentures (less $206.90 paid for accrued interest on bonds
acquired during year) 10,164 65
Premium notes, policy loans and liens 994 14
$ 12,040 93
Less interest paid bank on Victory Bonds, etc., overdraft 1, 270 86
Total $ 10,770 07
Gross rents for Company's property (including $2,700 for Company's
occupancy of its own buildings) less $4,164.76 for taxes, expenses and
repairs in connection with such properties 940 24
Total interest, dividends and rents 11, 710 31
Income from all other sources: — Premium on capital, $41,700; increased (new) capital,
$45,041.33; calls on capital, $3,330 90,071 33
Total Income $ 204,879 04
358
DEPARTMEyT OF INSURANCE
11 GEORGE V, A. 1921
The Security Life — Continued.
DISBURSEMENTS.
In respect of assurance contracts: —
Death claims— Amount assured, $21,280.45; less received for reinsured, $4,488.44 $ 16,792 01
Net surrender values 462 00
Total net disbursements in respect of assurance contracts $ 17, 254 01
Net payments on supplementary contracts:— Not involving life contingencies 585 00
Taxes, licenses and fees (including taxes on investments but excluding taxes on real estate).. 2,349 42
Head office expenses: — Salaries, $12,363.92; auditors' fees, $200; travelling expenses,
•-• §1,990.04; rents, $3,600 18,153 96
Branch office and agency expenses: — Assurance commissions — first year, $25,838.83; renewal,
$1,730.79; advanced to agents, $4,288; salaries, $11,256.57; travelling expenses,
$4,451 .53; rents, $1,824. 13 49,389 85
All other expenses: — Advertising, $1,207.40; books and periodicals, $95.27; postage, express,
telegrams and telephones, $1,508.09; legal fees, $307.86; medical fees, $7,087.16; office
furniture, $1,086.12; printing and stationery, $2,880.87; commission on sale of stock,
$9,645.60; discount, collection and exchange, $824.87; miscellaneous, $1,084.83 25,728 07
Total Disbursements $ 113,460 31
EXHIBIT OF ANNUITIES.
Classification.
Arising out of Life
Assurance Contracts.
Not involving life
Contingencies.
No.
Annual
Payment.
1
$ cts.
585 00
At end of 1920
1
585 00
EXHIBIT OF POLICIES.
(For policies herein included involving disability benefits see Abstract).
Whole Life.
Endowment
Assurances.
Term and
Other.
Totals.
Classification.
No.
Amount.
No.
Amount.
No.
Amount.
No.
Amount.
At end of 1919
1,614
1,002
5
$
2,518,737
1,699,555
12,000
2,500
2,500
682
380
1
$
370, 700
228,100
2,000
43
21
1
$
123,000
74,500
3,000
2,339
1,403
7
$
3,012,437
2,002,155
Old revived
17,000
2,500
Transferred to
1
1
1,000
2
3,500
4
7,000
Totals
2,622
4,235,292
1,064
601,800
67
204,000
3,753
5,041,092
Less ceased by: —
Death
8
12,500
3
3,200
11
8
10
267
15,700
Expiry
8
28,000
28,000
9
175
11,000
324,600
16,805
84,000
1,500
1
83
500
37, 100
11,500
9
21,000
382,700
16,805
Not taken
60
2
23
2
13,800
5,500
2
7,000
85
4
104,800
7,000
Total ceased
254
450,405
112
60, 100
19
56,000
385
566,505
At end of 1920
2,368
3,784,887
952
541,700
48
148,000
3,368
4,474,587
Reinsured
529,750
86,500
55,700
671,950
LIFE INSURANCE COMPANIES
359
SESSIONAL PAPER No. 8
The Security Life — Continued.
MISCELLANEOUS.
New policies issued and paid for in cash: — Number, 1,246; gross amount, SI, 775, 115;
reinsured in other licensed companies, 1263,200.
Claims reinsured: — Death claims, S4,488.44.
The Company's business is entirely on non-participating plans.
STATEMENT OF ACTUARIAL LIABILITIES.
Assurance Section.
Class of Contract.
Gross in Force.
Reinsured in Companies
licensed in Canada.
No.
Amount.
Reserve.
Amount.
Reserve.
Ordinary without Profits —
Life
2,368
952
48
$
3, 784', 887
541,700
148,000
$
200,844
58,983
1,542
$
529,750
86,500
55,700
S
10,881
2 170
Endowment assurance
Term, etc
348
Totals
3,368
4,474,587
261,369
671,950
13,399
Annuity Section.
Gross in Force.
No.
Annual
Payment.
Reserve.
Without Profits-
Supplementary contracts: —
Not involving life contingencies
1
S
585
4,250
SUMMARY OF RESERVE.
Total reserve, policy and annuity contracts, without profits
Total reserve on reinsured contracts
Total net reserve on the Company's (statutory) basis of valuation
Deduction made therefrom (being the full deduction permitted under section 43
Insurance Act, 1917)
(3)
Net reserve carried in the liabilities.
265,619
13,399
252,220
29,891
222,329
MISCELLANEOUS STATEMENT.
l.The Calculation of the "Reserve" in the "Statement of Actuarial Liabilities": —
(1) The Reserves were calculated on the O" (5) 3J% basis from Bradshaw & Moore's Tables. The
Company adopts the ages next birthday as the age at entry, and medial reserves were cal-
culated, using this age at entry. Policies were grouped according to plan, year of entry
and age at entry.
As the amount of business in force containing disability benefits is small, 75% of the total pre-
« miums paid for these benefits was reserved.
(2) The only itemi of special reserves was the amount necessary to cover the guarantees contained in
the Company's policies over and above the O™ (5) 3J% reserve.
II. There were no special class policies.
III. The average rate of interest earned during the year on the mean net ledger assets was 6-008 per cent
IV. The Company's business is all non-participating.
360
DEPARTMENT OF INSURANCE
Real estate —
Lots 31 and 96, Twp. of N. Monaghan,
Peterboro Co
Security Bid., 37 Yonge St., Toronto..
The Security Life — Concluded.
Schedule A.
Actual Cost.
11 GEORGE V, A. 1921
472 25
70,500 00
$ 70,972 25
Book and
Department's Value.
S
472 25
33,500 00
$33,972 25
*Bonds and debentures —
Gorernment —
Canada, Victory Loan %
Cities —
Edmonton
Kitchener
Port Arthur
Sault Ste. Marie
Swift Current
Sydney
Westmount
Towns —
Athabasca
Humboldt
Kerrobert
Tofield
Transcona
Yorkton
Municipalities —
Kildonan
St. Vital
Schools —
Montreal, Protestant
Quebec, R.C
St. Henri
Rural Telephone —
North Weldon
Raihvays —
Canadian Northern Pacific Rv., 1st Mtge.
(G'teed by British Columbia) 1950, 4
P-c
Grand Trunk Pacific Ry., 1st mtge.
(G'teed.byDom. of Canada) 1962, 3p.c.
Schedule C
Department's
Par Value.
Book Value.
Value.
46,500 00
•S 45,613 51
? 45,614 26
12,166 66
9,695 33
9,695 33
1,970 81
1,970 81
1,970 81
5,000 00
4,690 26
4,690 26
3,000 00
2,847 18
2,847 18
4,925 00
4,904 44
4,734 00
15,000 00
15,000 00
13,200 00
39,000 00
36,532 35
31,050 00
5,000 00
5,000 00
5,050 00
5,165 93
5,075 01
5,010 95
5,030 70
4.930 16
4,578 84
2,085 00
2,070 82
2,001 60
2,000 00
2,000 00
1,940 00
4,660 94
4,240 11
4, 148 24
3,000 00
3,009 27
3,090 00
5,000 00
5, 104 09
5,0.10 00
2,000 00
1,6.36 36
1,636 36
2,000 00
1,721 15
1,721 15
3,000 00
3,077 65
2,550 00
8,000 00
14,016 00
9,720 00
8,313 76
9,699 51
5,698 98
8,313 76
9,699 51
5,698 98
$ 198,241 04 $ 182,830 75 .§ 174,291 23
Schedule E.
Cash in banks —
Royal Bank of Canada —
Toronto •? 12,. 541 91
Montreal 787 60
Oshawa : 34
St. ,Jean 28
Joliette 7 24
Banque Nationale —
Chambord 5 03
Chicoutimi 622 21
Banque d'Hochelaga, St. Narcisse 3 42
Molsons' Bank —
Sorel 06
Pierreville 99 86
$ 14,067 59
*Of which are on deposit with Receiver General:— City of Sydney, $15,000; City of Westmount,
$39,000; Town of Yorkton, $4,660.94; R.M. of Kildonan $3,000; School of St. Henri, $3,000.
LIFE INSURANCE COMPANIES 361
SESSIONAL PAPER No. 8
THE SOVEREIGN LIFE ASSURANCE COMPANY, OF CANADA.
Statement for the Year Ending December 31, 1920.
President, Robert R. Scott — Vice-Presidents, William Grayson; D. E. Williams — Secretary
and Actuary, M. D. Grant, F.I. A. — Managing Director, H. J. Meiklejohn, M.D. — Head
Office, Winnipeg.
(For List of Directors , see Appendix.)
(Incorporated May 15, 1902, by 2 Edward VII, Cap. 102. Commenced business, March 1, 1903).
' CAPITAL STOCK.
Authorized $ 1,000,000 00
Subscribed 840, 600 00
Paid in cash 209. 99.5 00
Premium on Capital Stock paid by Shareholders 203,566 37
{For List cf Shareholders see 'Appendix.)
SUMMARY BALANCE SHEET.
Assets. Liabilities.
Total Ledger Assets $ 1,7.35,709 32 Total Liabilitie.s $ 1,556,981 94
Non-Ledger Assets 141 , 083 67 Excess of Assets over Liabilities: —
Capital stock paid
in cash $ 209,995 00
*Surplus 109,816 05
319,811 05
Total Assets $ 1,876,792 99 Total $ 1,876,792
SYNOPSIS OF LEDGER ACCOUNTS.
As at December 31, 1919: — Decrease in Ledger Assets in 1920: —
Net and total Ledger Assets. . $ 1,. 537, 590 39 Disbursements $ ,334,. 3.30 33
Increase in Ledger Assets in 1920: — As at December 31, 1920: —
Income 532,449 26 Net and total Ledger Assets. . 1,735,709 32
Total .1 2,070,039 65 Total $ 2,070,039 65
ASSETS.
Ledger Assets.
Book value of real estate, unencumbered, held by the Company [For details see Schedule A) .$ 56,542 36
Mortgage loans on real estate, first liens 456,871 42
Amount of loans as above on which interest has been overdue for one year or more previous to
statement $.81,488.42.
Amount secured by the Compdny's policies in force, the reserve on each policy being in
excess of all indebtedness: —
Loans to policyholders | 184, 426 38
Advances to policyholders under automatic non-forfeiture provisions 22,771 26
207,197 64
Book value of bonds, debentures and debenture stocks owned by the Company {For details
see Schedule C) 973, 798 11
Book value of stocks owned by the Company (100 shares Canadian Pacific Ry. Co., par
value, $10,000; Department's value, $13,600) 13,400 00
Cash: At Head Office, $7,658.14; In Banks, $20,241.65 {For details see Schedule E) 27,899 79
Total Ledger Assets I 1 , 735, 709 32
*Including $55,288.00 surplus contingently apportioned to deferred dividend policies issued prior to
January 1, 1911.
362 DEPARTMENT OP lySlJRA'NCE
11 GEORGE V, A. 192-;
The Sovereign Life — Continued.
ASSETS— ConcZi/ied.
Non-Ledger Assets
[nterest, dividends and rents, due and accrued: — Due. Accrued.
Interest or dividends on —
Mortgages i 22.322 20 I 10,339 57
Bonds and debentures 17,881 04
Total interest $ 22,322 20 $ 28,220 61
Rents 434 56
Total interest, dividends and rents, due and accruedS 22,322 20 $ 28,655 17
S
First Year. Renewal.
Gross premiums, less reinsured: —
Due and uncollected $ 36,697 23 S 63,976 45
Deferred 2,061 75 4,551 97
Total % 38,758 98 $ 68,528 42
Deduct commissions and estimated loss in collection 13,565 64 6,852 84
Net premiums due and uncollected, and deferred $ 25,193 34 $ 61,675 58
86,868 92
Office furniture 3,237 38
Total Non-Ledger Assets $ 141,083 67
Total Assets S 1,876,792 99
50,977 37
LIABILITIES.
Net liability under assurance, annuity, and supplementary contracts in force for payments
not due, dependent on life, disability or any other contingency or on a term certain
(See Statement of Actuarial Liabilities) $ 1 , 428, 334 00
Net surrender values claimable under cancelled contracts 315 00
Net liability for unadjusted payments due under contracts: — Death losses 17, 750 CO
Dividends left with the Company (arising out of assurance contracts) including interest
accumulations 515 58
Received from policyholders in advance:— Premiums, $3,331.98; interest, $5,106.34 8,438 32
Net dividends to policyholders due and unpaid 878 46
Provincial, municipal and other taxes due and accrued 7, 653 40
Balance of shareholders' surplus account 14, 626 62
Salaries, rents and office expenses, due and accrued 1,036 28
Medical examiners' fees due and accrued 531 00
Commissions to agents due and accrued 5, 591 46
Advance payments other than from policyholders: — Interest 1,311 82
Reserve, special, or surplus funds not included above: — Investment Reserve, $50,000, Con-
tingency Reserve, $20,000 70,000 00
Total Liabilities $ 1,556,981 94
SHAREHOLDERS' SURPLUS ACCOUNT.
Balance, Dec. 31, 1919 $ 16,276 32 Dividends to shareholders S 12,599 70
Interest added during 1920 (Less Proportion of expenses 247 78
proportion investment expenses).. 14,031 01 Income tax 1,050 00
Proportion of profit from sale of Transferred to Investment Reserve
securities 189 64 Fund 1,32187
Transferred to participating account 651 00
Balance, Dec. 31, 1920 14,626 62
Total $ 30,496 97 Total $ 30,496 97
LIFE INSURANCE COMPANIES . 363
SESSIONAL PAPER No. 8
The Sovereign Life — Continued.
INCOME.
First Year. Renewal. Single.
Assurance premiums $113,159 01 $317,122 49 $ t914 98
Less reinsurance premiums paid 5,528 51 12,274 40
Total net premiums $107,630 50 $304,848 09 $ 914 98
413,393 57
Consideration for supplementary contracts, not involving life contingencies 10, 000 00
Amounts left with the Company at interest (arising out of assurance contracts): —
Dividends, $798.82; gold bond interest additions credited during year, $1,989.24 2,788 06
Interest, dividends and rents: —
Gross interest or dividends on —
Mortgages '. $ 44,502 51
Bonds and debentures (less $3, 654.20 paid for accrued interest on bonds
acquired during year) 43 , 621 19
Stocks 1 , 000 00
Premium notes, policy loans and liens 15,042 28
Bank balances— debit —741 24
Total $ 103,424 74
Gross rents for Company's property, less $3,905.15 for taxes,»expenses and
repairs in connection with such properties 1,442 49
Total interest, dividends and rents 104,867 23
Gross profit on sale or maturity of ledger assets: — Bonds 1,400 40
Total Income $ 532,449 26
DISBURSEMENTS.
In respect of assurance contracts: — Death Matured Disability
Death, endowment and disability claims— Claims. Endowments. Claims.
Amount assured $ 83,003 08 $ 9,255 00 $ 50 00
Less received for reinsured 2, 000 00
Net total $ 81,003 08 $ 9,255 00 S 50 00
90,308 08
Net surrender values 24, 700 92
Net dividends —
In cash $ 6, 592 28
Left with the company at interest 283 24
Applied as single premiums: —
To purchase bonus addition $ 291 60
To purchase premium reduction 607 56
899 16
7,774
Gold Bond Interest additions credited during year 1,989 24
Total net disbursements in respect of assurance contracts $ 124,7^2 92
Net payments on supplementary contracts: — Not involving life contingencies 7,041 70
Net reduction in premiums resulting from application of dividends 110 38
Gold Bond interest payments 967 92
Amounts left with the company and interest accumulations withdrawn: —
Dividends, $515.58; all other amounts, $100 615 58
Interest or dividends to shareholders 12, 599 70
*Taxes, licenses and fees (including taxes on investments but excluding taxes on real estate) 7,012 92
*Head office expenses: — Salaries, $27,512.96; directors' fees, $275; auditors' fees, $500;
travelling expenses, $1,562.35; rents, $3,962.38 33,812 69
*Branch office and agency expenses: — Assurance commissions — first year, $50,777.03;
renewal, $11,064.68; advanced to agents, $9,426.51; salaries, $28,753.55; travelling
expenses, $8,977.29; rents, $4,408.54; miscellaneous, $3,586.64 116,994 24
*A11 other expenses: — Advertising, $1,886.06; books and periodicals, $260.55; express, tele-
grams and telephones, $555.48; legal fees, $615.50; medical fees, $9,283; office furniture,
$1,487.97; postage, $779.49; printing and stationery, $3,748.96; commissions on loans,
$563; exchange, $80.48; cost collection sundry accounts, $77.25; inspection of risks,
$340.43; office supplies, $704.43; premiums on guarantee bonds, $171.41; removal
expenses, $8,577.52; miscellaneous, $1,270.75 30,402 28
Total Disbursements $ 334,330 33
tincluding $899.16 single premiums paid by application of assurance dividends.
*lnvestment expenses included in these items:— Salaries: Head office, $1,200; taxes on
investments, $63.78 ; commissions on loans, $563 ; miscellaneous, $581.29.
Total investment expenses $ 2,408 07
364
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
The Sovereign Life — Continued.
EXHIBIT OF POLICIES.
(For policies herein included involving disability benefits see Abstract.)
Classification.
Whole Life.
Endowment
Assuranre.s.
Term and
Other.
Bonus
Addi-
tions.
Totals.
No.
Amount.
No.
Amount.
No.
Amount.
No.
Amount.
At end of 1919
5,035
1,557
24
%
10,508,771
3,800,875
56, 500
13,500
114,550
719
215
2
$
1,093,313
340,425
154
$
702,207
S
920
5,908
$
12. .305. 211
1,772 4.141.,'iOO
3,000
1
2,000
27
" "24
61,. 500
585
14,085
20
4
21,000
135,550
Totals
6,636
14,494,196
940
1,457, '/38
155
704,207
1,.505
7.731
16.657,646
Less ceased by:—
Death
24
3
68,500
8,500
4
5
7,500
9,255
28
8
11
52
784
76, 000
17,755
11
46,820
46,820
37
714
68,660
1,507,475
.52,800
40,500
51,050
15
54
6
3
17,500
70,2.50
10,000
9,5%
4,000
86, 160
16
7
69,000
1,500
1,052,725
64,300
20
14
26
24
50,000
80,500
135,550
812
1,797,485
87
134,005
34
197,820
933
2,129.310
At end of 1920
^,824
12,696,711
853
1,323, 7S3
121
506,387
1,505
6,798
14,528,336
395,500
14,000
201,110
610,610
MISCELLANEOUS.
New policies issued and paid for in cash: — Number, 1,293; gross amount, $2,893,958; re-
insured in other licensed companies, $163,000.
Claims reinsured: — Matured endowments, $9,255.
Total amount in force divided as to dividend plan: — Annual, $207,148; quinquennial,
$6,738,905; deferred, $5,254,930; non-participating, $2,327,353. Total $14,528,336 00
STATEMENT OF ACTUARIAL LIABILITIES.
Assurance Section.
Class of Contract.
Gross in Force.
Reinsured in Companies
licensed in Canada.
-
Number.
Amount.
Reserve.
Amount.
Reserve.
Ordinary with Profits: —
Life
5,162
741
$
11,032,428
1,167,050
1,505
( 132 64)
$
998,031
296,068
811
532
6,442
14,677
19,306
■ $
350,000
10,000
$
17,737
793
Present Value of Matured Instalment
Gold Bond Interest Reserve Account
Totals
5,903
12,200,983
1,335,867
360,000
18,530
Ordinary without Profits. —
Life
662
112
121
1,664,283
156,683
506,387
157,260
31,922
4,388
591
3,080
158,610
2,500
89,500
3.758
106
611
Present value of Matured Instalment
Totals
895
2,327,353
197,241
250,610
4,475
Grand Totals
6,798
14,528,336
1,533,108
610,610
23,005
LIFE INSURANCE COMPANIES 365
SESSIONAL PAPER No. 8
The Sovereign Life — Continued.
SUMMARY OF RESERVE.
With Without Total.
Profits. Profits.
Total reserve, policy and annuity contracts $ 1,335,867 $ 197,241 $ 1,533,108
Total reserve on reinsured contracts 18,530 4,475 23,005
Total net reserve on the Company'.s basis of valuation .....$ 1,317,337 $ 192,766 $ 1,510,103
Deduction made therefrom (being the full deduction permitted
under Section 43 (3), Insurance Act, 1917) 68,270 13,499 81,769
Net reserve carried in the liabilities $ 1,249,067 $ 179,267 $ 1,428.334
MISCELLANEOUS STATEMENT.
I. The calculation of the "Reserve" in the "Statement of Actuarial Liabilities" —
(1) Actuarial reserves were calculated according to the net premium method on the Om. (5) Table,
with interest at 3 per cent for participating, and 3j per cent for non-participating assurances. Policies
were valued individually. The mean duration was used, all policies issued in any calendar year being
assumed to date from the middle of such year. The age for valuation purposes was the age at entry as
determined by the premium charged at issue of the policy. There were no annuities.
Special Classes — •
(a) There were no assurances on lives resident in tropical or subtropical countries.
(6) Policies issued at premiums corresponding to ages higher than the true ages were valued at the
rated-up ages.
(c) Policies subject to liens were valued as if providing for payment of the full sum assured at death.
id) No additional reserve was assigned to policies subject to extra premiums, whether payable an-
nually or in one sum.
(e) Policies otherwise issued to sub-standard lives are not assigned any additional reserve.
(/) An additional reserve is carried for policies providing for disability benefits, as follows:—
(1) Before occurrence of disability, a special reserve is maintained of one-half of all disability pre-
miums paid to the Company.
(2) After occurrence of disability, the policy, if payable by instalments, is valued as an annuity-
certain at Sj per cent; where premiums are waived, the policy is valued as a paid-up assurance at 3 per
cent or 3^ per cent according as it is participating or non-participating.
(2) Items of Special Reserve —
No special reserves are maintained except as follows: —
{h) Guaranteed benefits exceeding in value the net premium reserve on the valuation basis employed
are assigned an additional reserve for the amount of such excess, valued as a pure endowment.
II. No modifications or limitations are made under the special class policies referred to in 1 (1) («)
to (/) in respect of guaranteed values.
III. The average rate of interest earned during the year on the mean net ledger assets was 6-69 per
cent.
IV. The Distribution of Surplus.
(a) The Shareholders are entitled to the entire profits arising from non-participating policies, and
to one-tenth of the profits arising from participating policies — policyholders being entitled to the remaining
nine-tenths. Heretofore, no portion of the profits derived from any class of policies has actually been
assigned to shareholders.
(6) Annual Dividends are computed upon the basis of an interest surplus of I5 per cent of the initial
reserve; a mortality surplus of 20 per cent of the cost of insurance to age 35, decreasing 0-5 per cent for
each year of age to age 45, thereafter decreasing one per cent for each attained age; and a surplus from
loading of 15 per cent of the excess of the office premium over the net premium. (In the case of certain
annual dividend policies which were issued at premiums lower than the regular scale, an adjustment in
the dividend is made on account of the deficiency in loading).
Quinquennial dividends are allotted on the same basis as annual dividends, the separate annual
dividends being accumulated to the end of the quinquennium at 4j per cent interest.
Deferred dividends are allotted on the same basis as annual dividends, the separate annual dividends
being accumulated to the end of the deferred term at 4j per cent interest and with benefit of survivorship
equal to one-half of the regular tabular rates.
The Om. (5) 3 per cent Table is the basis uniformly employed in all primary dividend calculations.
Cash dividends are converted into premium reductions, nn^ersionary bonus additions, reductions of
premium term or of endowment term, and bonus additions are converted into cash surrender values,
by the Om (5) 3^ per cent Table.
366
DEPARrMENT OF IXSUIiANCE
11 GEORGE V, A. 1921
The Sovereign Life — Continued.
DEFERRED DIVIDEND POLICIES
Issued prior to January 1, 1911, and Amount of Profits contingently apportioned thereto.
Year
of
Issue.
1903...
1904. . .
1905...
1906. . .
Total
Net Amount
in Force.
,S 81,800
178,000
157, 700
103,700
Profits
Contingently
Apportioned.
$ 7,310
14,171
11,121
6,434
Year
of
Issue.
1907. . ,
1908..,
1909...
1910..
Total
Profits
Net Amount Contingently
in Force.
Apportioned.
$ 117,800
$ 6,385
108,650
5,100
71,500
2,877
55,500
1,890
Totals $ 874,650 $
55,288
Issued on and after January 1, 1911. No Profits have as yet been credited thereto.
Year
of
Issue.
1911.
1912.
1913.
1914.
1915.
Total
Net Amount
in Force.
.$ 185,000
207,000
244,500
440,000
260,500
Profits
Credited.
$ Nil.
Year
of
Issue.
1916.
1917.
1918.
1919.
1920.
Total
Net Amount
in Force.
.$ 262,000
327,000
403,030
929,000
. 1,122,250
Schedule A.
Actual Cost
and
Real estate— Book Value.
^Z6erta— Edmonton, Lot 6, BIk. 30, Norwood sub.-div $ 22,482 97
Mawt7o6a— Winnipeg, Pt. Lot 108, Parish Lot 5, Parish of
St. John, Reg'd. Plan 17 20,905 60
Saskatchewan— Moose Jaw, Lot 13, Blk. 61, Old Plan 96 7,922 70
Moose Jaw, Lots 10 and 11, Blk. 112, Old Plan 96 5,231 09
$ 56,542 36
Schedule C
Bonds and debentures —
Governments— Par Value.
♦Canada— Victory Loan S 440, 250 00
United States of America— Liberty Loan 200 00
Department's
Book Value. Value.
$ 437,441 95 $ 437,441 95
200,00 200 00
Cities —
Alberta —
Calgary $ 21,193 33
Lethbridge 24,997 06
Medicine Hat 1 , 946 67
British Columbia —
Kamloops 15,000 00
Revelstoke 12,500 00
Manitoba —
St. Boniface 10,000 00
Winnipeg 13, 626 67
Ontario —
Chatham 10,495 35
Fort William 4, 136 93
Guelph 5,063 04
Hamilton 7,300 00
Niagara Falls 9, 669 22
Stratford 3,000 00
Windsor 11,435 08
Quebec —
Hull 10, 000 00
Saskatchewan —
North Battleford 2,4.33 33
Regina 15,000 00
.$ 440,450 00 $ 437,641 95 $ 437,641 95
19,051 31 $
22,444 80
1,747 46
18,262 65
21,876-98
1,752 00
15,000 00
12,500 00
13,850 00
11,980 00
9,976 00
9,744 83
9,400 00
9,744 83
10,244 77
4,136 93
4,957 21
7,300 00
9,511 57
3,000 00
11,366 95
9,130 95
3,971 45
4,506 10
6,424 00
8,605 60
2,880 00
10,977 67
9,113 17
2,212 27
15,000 00
8,000 00
2,190 00
13,170 00
Profits
Credited.
$ NU.
Totals $ 4,380,280 $
NU.
$ 177,796 68 $ 167,307 27 $ 156,722 23
Of which 860,000 is on deposit with Receiver General.
LIFE INSURANCE COMPANIES 367
SESSIONAL PAPER No. 8
The Sovereign Life — Concluded.
Schedule C — Concluded,
Bonds and debentures — Concluded.
Towns — Department's
Alberta — Par Value. Book Value. Value.
Claresholm $ 14,398 92 $ 14,398 92 $ 13,103 02
Macleod 10,000 00 10,000 00 8,400 00
Manitoba —
Selkirk 10,500 00 10,326 52 9,030 00
New Brunswick —
Chatham 10,000 00 9,84102 7,900 00
Nova Scotia —
Glace Bay 17,000 00 15,47128 14,330 00
Ontario —
Dunnville 7,635 97 7,51149 6,948 73
Kincardine 5,192 20 5,086 97 4,62106
Pembroke 5,159 86 5,10149 4,695 47
Petrolia 28,000 00 28,326 12 25,760 00
Trenton 9,912 45 9,772 43 8,822 08
Saskatchewan—
Rosthern 3,841 01 3,899 26 3,899 26
$121,640 41 $ 119,735 50 $ 107,509 62
Schools — ■
Alberta —
Calgary $ 10,000 00 $ 7,359 86 $ 7,359 86
Five other schools par value for each
not exceeding $2,700 7,966 67 8,094 37 8,094 37
Manitoba —
Winnipeg 7,000 00 6,336 38 6,090 00
$ 24,966 67 $ 21,790 61 $ 21,544 23
Rural Telephones —
Saskatchewan —
Brampton $ 8,217 68 $ 8,496 50 $ 8,496 50
DumasKennedy • 8,600 00 8,600 00 8,600 00
Eye Hill 13,808 65 14,406 01 14,406 01
Fletts Springs 8,028 06 8,508 15 8,508 15
GreatBend 11,137 97 11,656 69 11,656 69
Mayberry Valley 12,400 00 12,80126 12,80126
North Admiral 11,800 00 11,800 00 11,800 00
North East Quill Lake 8,800 00 9,158,16 9,158 16
North Vibank 9,800 00 9,953 96 9,953 96
Tableland 7,550 00 7,668 61 7,668 61
Sixteen other rural telephones, par value
for each not exceeding $5,300 49,629 56 50,477 66 50,477 66
$ 149,771 92 $ 153,527 00 $ 153,527 00
Railways —
Alberta and Great Waterways Ry., 1st M'tge.
(G'teed by Alberta) 1959, 5 p.c $ 10,000 00 $ 7,608 66 $ 7,608 66
Canadian Northern Pacific Ry., 1st M'tge.
(G'teed by British Columbia) 1950, 4 p.c. 15,003 93 10,876 99 10,876 99 ,
Canadian Northern Western Ry., 1st M'tge.
(G'teed by Alberta) 1942, 4^ p.c 5.440 93 5,006 67 5,006 67
Maritime Coal, Ry. and Power Co., Ltd., 1st
M'tge., 1934, 6 p.c 25,000 00 24,159 69 20,500 00
Pacific Great Eastern Ry., 1st M'tge. (G'teed t
by British Columbia) 1942 4| p.c 29,200 00 21,066 77 21,066 77
$ 84,644 86 $ 68,718 78 $ 65,059 09
Empire Loan Co., 1921, 5^ p.c $ 5,000 00 $ 5,000 00 $ 5,000 00
$1,004,270 54 $ 973,721 11 $ 947,004 12
Cash in banks — Schedule E.
Union Bank of Canada, Winnipeg $ 16,766,65
Regina 1,500 00
Calgary 500 00
Vancouver 200 00
St. John 75 00
Imperial Bank of Canada, Toronto 1,000 00
Bank of Montreal, Prince George 200 00
$ 20,241 65
368 DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
THE STANDARD LIFE ASSURANCE COMPANY.
Statement' for the Year ending November lo, 1920.
Manager and Actuary, Steuart Macnaghten, F.F.A., F.I.A., A.C.A. — Secretary, A. E. King,
F.I. A. — Principal Office, Edinburgh, Scotland — Chief Agent in Canada, W. H. Clark-
Kennedy — Mead Office in Canada, Montreal.
Canadian Directors.
Sir Vincent Meredith, Bart; F. W. Molson; D. Forbes Angus, Chairman, G. B. Fraser;
Sir Charles Gordon, G.B.E.
Organized, 1825; Incorporated, June 6, 1882 and in 1910; rommenced business in Canada, 1847.
CAPITAL STOCK.
Subscribed ? 2, 4.33, .3.33 33
Paid in cash 584, 000 00
ASSETS IN CANADA.
Ledger Assets.
Held solely for the protection of Canadian Policyhclders.
Mortgage loans on real estate held by Trustees, first liens $ 763,264 47
Department's value of bonds, deVjentures and deV)enture stocks owned by the Company (For
details, see Schedule C): — On deposit with the Receiver General, ?6, 103,744.64; Held by
Trustees, SI, 115,694.74 ". 7,219,439 38
Other Ledger Assets.
Book value of real estate, unencumbered, held by the Company (For details, see Schedule A). 373,288 27
Mortgage loans on real estate 3, 683, 520 62
Amount of loans as above on which interest has been overdue for one year or
more previous to statement $ 108,970 90
Amount secured by the Company's policies in force, the reserve on each policy
being in excess of all indebtedness: —
Loans to policyholders $1,222, .360 86__
Premium obligations 31,793 67
1,254,1.54 53
Department's value of bonds, debentures and debenture stocks owned by the Company
(For details, see Schedule C) 945,849 38
Department's value of stocks owned by the Company (Central Vermont Ry. Co., par value,
S4,000) 160 00
Cash: At Head Office, $996.44; in Bank of Montreal, Montreal, $78,463.84 79,460 28
All other ledger assets 389 11
Total Ledger Assets .,. $14,319,526 04
Non-Ledger Assets.
Interest, dividends and rents, due —
Interest on- —
Mortgages $ 19,090 35
Premium notes, policy loans and liens 12,879 06
• Loans on parochial and other public rates 3,600 00
Total interest $ 35, 569 41
Rents 1,605 21
37,174 62
Due from other licensed companies on reinsured contracts for losses or claims paid 250 00
First Year. Renewal. Single.
Gross premiums, less reinsured: —
Due and uncollected $ 8,486 61 $ 90,318 18 $ .599 22
Deduct commissions and estimated loss in
collection 3,636 22 4,515 91 22 36
Net premiums due and uncollected, and de-
ferred $ 4,850 39 $ 85,802 27 $ 576 86
91,229 52
Total Non-Ledger Assets $ 128,654 14
Total Assets in Canada $14,448, 1?0 18
LIFE INSURANCE COMPANIES 369
SESSIONAL PAPER No. 8
The Standard Life — Continued,
LIABILITIES IX CANADA.
Net liability under assurance, annuity, and supplementary contracts in force for payments
not due, dependent on life, disability or any other contingency or on a term certain
{See Statement of Actuarial Liabilities) S 8, 557, 533 00
Net surrender values claimable under cancelled contracts 20,500 00
Net liability for payments due under contracts:—
Death Matured
Losses. Endowments.
Adjusted but unpaid $ 25,235 22 S 48,092 15
Unadjusted 52, 004 13
Totals $ 77,239 35 S 48,092 15
125,331 50
Received from policyholders in advance: — Premiums 454 03
Provincial, municipal and other taxes due and accrued 2,082 34
Salaries, travelling expenses, rents and office expenses, due and accrued 1,220 32
Medical examiners' fees due and accrued, $1,188; legal fees due and accrued, $10 1, 198 00
Commissions to agents due and accrued 40 50
Advance pavments other than from policyholders — Interest 197 50
Reserve Bonus Pool Fund ■ • 37, 000 00
All other liabilities due and accrued: — Deposit in connection with loans, $15,000; Family
Trust Fund, $10,000 25,000 00
Total Liabilities in Canada 8 8.770 557 19
INCOME IX CANADA.
First Year. Renewal. Single.
Assurance premiums $ 1.34, 515 06 $ 582, 648 35 $ 53, 693 99
Less reinsurance premiums paid 11,201 25 22,355 89
Total net premiums $123,313 81 $.560,292 46 S 53,693 99
737,300 26
Annuity annual premium account 80 50
Total net premium income and consideration for annuities $ 737,380 76
Interest, dividends and rents: — ■ '
Gross interest or dividends on —
Mortgages $ 281, 215 82
Loans on parochial and other public rates 32, 573 04
Bonds and debentures ' 328, 728 97
Premium notes, policy loans and liens 66,414 12
Other assets 1.073 76
Total ^ $ 710, 005 71
Gross rents for Company's property (including $3,500 for Company's occu-
pancy of its own buildings) less $22,108.86 for taxes, expenses and repairs
in connection with such properties 7, 116 84
Total interest, dividends and rents 717, 122 55
Fines 840 85
Exchange — On foreign remittances 3, 149 57
Gross profit on sale or maturity of ledger assets: —
Real estate, $13,594.90; bonds, $20,257.16 •. 33,8o2 06
Total Income in Canada $ 1,492,345 79
DISBURSEMENTS IN CANADA.
In respect of assurance contracts:—
Death and endowment claims— Death Matured
Claims. Endowments.
Amount assured $ 443,717 39 $ 337,603 40
Bonus addition 40,097 05 54,875 25
Total $ 483,814 44 $ 392,478 65
Less received for reinsured 5, 000 00 8, 988 60
Net total $ 478,814 44 $ 383,490 05
$ 862,304 49
Net surrender values o^' ^n^ ^7
Net dividends in cash 30, 204 37
8—24*
370
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
The Standard Life — Continued.
DISBURSEMENTS IN CAS ABA— Concluded.
In respect of life annuity contracts: —
Cash payments to annuitants S 7, 748 38
Instalment annuities (less reassured $500) 2,825 60
Family Trust (less reassured $250) 750 00
-$ 11.323 98
Total net disbursements in respect of assurance and annuity contracts.. $ 971,701 37
Amounts left with the company and interest accumulations withdrawn 2, 420 35
Interest allowed on claims delayed by succession duty tax, order from Court, etc 815 12
•Taxes, licenses and fees (including taxes on investments but excluding taxes on real estate).. 12, 523 36
•Head office expenses: — Salaries, $24,045; directors' fees, $5,000; auditors' fees, $1,500;
travelling expenses, $772.82; rents, $3,500; gratuities, $73.50 34,891 32
•Branch office and agency expenses: — Assurance commissions — first year, $52,627.15; renewal,
$15,128.09; single, $2,183.64; Annuity commissions— first year, $28.17; salaries,
$22,551.10; travelling expenses, $4,032.48; rents, $2,823.34; discount and exchange,
$511.15; servants liveries, $63; servants' wages, $702; actuarial report, $200 100,850 12
•All other expenses:— Advertising, $356.19; legal fees, $2,759.90; medical fees, $5,880; office
furniture, $645.55; postage and telegrams, $2,202.19; books, printing and stationery,
$4,314.46; commissions on investments, $1,293.21; charges on investments, $2,858.52;
commission on policy loan interest, $524.53; subscriptions, $25; newspapers, $53.50;
delivery circulars, $362.20; sundries and petty cash, $113.35; wages, cleaning material
$197.54; lighting, $105.11; insurance, $10.54 21,701 79
Gross loss on sale or maturity of ledger assets: — Bonds 212,415 85
Total Disbursements in Canada $ 1,357,319 28
EXHIBIT OF ANNUITIES.
Classification.
Life Annuities
Proper.
Arising out of Life
Contracts
Assurance
Totals.
Involving Life
Contingencies.
Not involving
Life
Contingencies.
No.
Annual
Payment.
No.
Annual
Payment.
No.
Annual
Payment.
xVo.
Annual
Payment.
At end of 1919
33
$ cts.
6,118 53
$ cts.
8
$ cts.
4,325 60
41
1
2
$ cts.
10,444 13
New issued
1
500 00
500 00
Transferred.
2
400 00
400 00
Totals ...
35
6,518 53
1
500 00
8
4,325 60
44
11,344 13
Less ceased by
Death
1
• 2
824 00
400 00
1
2
824 00
Transferred . .
400 00
Total ceased .
3
1,224 00
3
1,224 00
At end of 1920. . .
32
5,294 53
1
500 00
8
4,325 60
41
10,120 13
Reinsured
1,000 00
1,000 00
•Investment expenses included in these items:^Salaries: Head office, $3,465; travelling
expenses, head office, $386.41; taxes on investments, $149.82; commissions on invest-
ments, $1,293.21; rents, $1,750; directors' fees, $3,333; charges on investments, $2,858.52;
commission on policy loan interest, $524.53. Total investment expenses $ 13,760 49
LIFE INSURANCE COMPANIES
371
SESSIONAL PAPER No. 8
The Standard Life — Continued.
EXHIBIT OF POLICIES.
(For policies herein included involving disability benefits see Abstract.)
Classification.
Whole Life.
Endowment
Assurance.
Term and
Other.
Bonus
Additions
Total.
No.
Amount.
No.
Amount.
No.
Amount.
Amount.
No.
Amount.
At end of 1919
5,590
702
8
100
S cts.
13,023,970 43
2,460,335 00
10,559 00
154,916 67
3,477
380
6
12
S cts.
*6, 015, 808 67
1,080,738 00
7,000 00
10,975 00
153
53
% cts.
544,090 00
172,620 00
S cts.
989,919 07
9,220
1,135
14
113
20,573,788 17
3,713,693 00
892 49
21,626 27
18,451 49
Old, changed and increased. .
1
17,660 00
205,177 94
Totals
6,400
15,649,781 10
3,875
7,114,521 67
207
734,370 00
1,012,437 83
10,482
24,511,110 60
Less ceased by: —
Death
147
336,013 19
24
223
38,500 00
349,412 00
2
1
6
1
8
6
5
20,000 00
1,000 00
41,000 00
1,000 00
50,000 00
62,000 00
7,500 00
40,792 85
6,204 97
173
224
6
59
118
121
41
435,306 04
356,616 97
41,000 00
Surrender
40
83
105
25
74,433 67
218,160 00
184,660 00
64,000 00
18
27
10
11
46,450 00
42,500 00
13,000 00
61,000 00
7,764,06
5,947 46
1,105 50
129,647 73
316,607 46
Change and decrease
260,765 50
132,500 00
Total ceased
400
877,266 86
313
550,862 00
29
182,500 00
61,814 84
742
1,672,443 70
At end of 1920
6,000
14,772,514 24
3,562
*6, 563, 659 67
178
551,870 00
950,622 99
9,740
22,838,666 90
Reinsured
480.030 00
335,000 00
50,000 00
812 50
915,842 50
Miscellaneous.
New policies issued and paid for in cash: — Number, 1,046; gross amount,
sured in other licensed companies, $290,000.
Claims reinsured: Death claims, $5,000; matured endowments, 18,988.60.
5,506,394; rein-
STATEMENT OF ACTUARIAL LIABILITIES.
Assurance Section.
Class of Contract.
Gross in Force.
Reassurances.
No.
Amount.
Reserve.
Amount.
Reserve.
Ordinary with Profits:—
Life
4,171
2,695
$ cts.
9,061,853 16
4,502,534 67
950,622 99
$
4,399,650
1,919,797
$ cts.
115,000 00
110,000 00
812 50
$
14,007
Endowment assurance
6,332
Bonus addition (reserve included
above)
Premium reduction (allowed for in
above reserves by reducing the
Totals
6,866
14,515,010 82
6,319,447
225,812 50
20,339
Ordinary without Profits: —
Life
1,886
865
55
22
27
18
1
5,808,911 08
2,062,125 00
275,370 00
135,000 00
19,250 00
22,000 00
1,000 00
1,573,402
714,287
5,978
6,352
6,053
7,373
478
12
365,030 00
275,000 00
50,000 00
103, 193
Endowment assurance
42,696
Term
1,353
Disability
Totals
2,874
8,323,656 08
2,313,935
690,030 00
147,242
Grand Totals
9,740
22,838,666 90
8,633,382
915,842 50
167,581
*Including one capital redemption policy for $1,000.
372
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
The Standard Life — Continued.
STATEMENT OF ACTUARIAL LIABILITIES— Concluded.
Annuity Section.
Class of Annuity.
Gross in Force.
Reinsured in Companies
licensed in Canada.
Number.
Annual
Payment.
Reserve.
Annual
Payment.
Reserve.
Without profits —
Life annuities proper
32
1
8
$ cts.
5,294 00
500 00
4,325 60
S
52,309
83
58,725
$
S
Supplementary contracts —
Involving life contingencies
Not involving life contingencies..
1,000
19,385
Totals
41
10,119 60
111,117
1,000
19,385
SUMMARY OF RESERVE.
With Without Totals.
Profits. Profits.
Total reserA'e, policy and annuitv contracts S 6,319,447 S 2,425,052 S 8,744,499
Total reserve on reinsured contracts 20, 339 166, 627 186, 966
Total net reserve on the Company's basis of valuation, carried
in the liabilities $ 6,299,108 $ 2,258,425 S 8,557,533
Net reser\'e estimated on the statutory basis (without deduc-
tion)........ S 0,093,330 S 2,186,316 S 8,279,646
Reserve maintained bv the Company in excess of the statutory
reserve 205,778 72,109 277,887
MISCELLANEOUS STATEMENT.
I. The calculation of the "Reserve" in the "Statement of Actuarial Liabilities." —
(1) The Mortalitj^ Tables employed were the British Offices Tables; the Om Table for Assurance
and the O [a] Select Table for Annuities. The rate of interest assumed was 3 per cent except in the case of
benefits where the reserves are obtained by accumulating the premiums at interest. In these cases the
rate of interest employed was 4 per cent.
The valuation was made on the net premium method, the whole of the loading, i.e., the difference
between the net premium and the premium actually payable, being reserved for future expenses and
profits. In the case of Policies effected by a limited number of premiums. Policies under which the
premiums have been commuted and Paid-up Policies the value of the whole of the loading which would
have been receivable if such Policies had been subject to ordinary annual premiums was reserved.
Whole Life by Whole Term Premiums, Limited Premiums, and Paid-up Policies were grouped under
"Years of Birth." The Valuation Ages were ascertained by deducting the years of birth from the calendar
year of Valuation and adding f th thereto.
Endowment Assurances were grouped under "Years of Maturity" and the Valuation Ages arrived
at by application of Lidstone's Z method. The net premiums both for Whole Life and Endowment
Assurance by Whole Term premiums were taken at age next birthday at entry.
Immediate Annuities (Single Life) were similarly grouped under years of birth and the Valuation age
obtained as under Assurances.
Double Endowments, Semi-Endowments and Endowment Assurances with Guaranteed Bonus on
survivance were valued in a similar manner as ordinarj^ Endowment Assurances with proper changes
in the Valuation factors.
All other special classes of assurances and annuities not coming in any of the above Grouped Classes
were valued individually.
Special Classes —
(a) No policies on lives subject to climatic extras are included in this Statement. Tropical and
subtropical policies included in the company's General Statement are valued by adding 3 years to
the normal age and to the ordinary reserve thus deduced was added to the whole of the correspond-
ing annual extra premium.
(6) Policies issued at premiums corresponding to ages higher than the true age were valued at
their normal ages and to the ordinary reserve was added one-half of the corresponding annual extra
premium.
(c) Policies subject to liens were valued as normal assurances.
(d) To the normal reserve of policies subject to an annual extra premium was added the whole of
annual extra premium. No policies are included in this statement which were issued at a single
extra premium.
LIFE INSURANCE COMPANIES
373
SESSIONAL PAPER No. 8
The Standard Life — Continued.
MISCELLANEOUS STATEMENT- Concluded.
(e) Except as above no substandard or special class policies were issued.
(/) In respect of policies subject to disability benefits the full amount of the premiums paid accu-
mulated at 4 per cent compound interest is held as an extra reserve. Disability has not occurred in
any case.
(g) There are no annuities on under average lives.
(2) Items of Special Reserve —
(a) To the ordinary reserve as brought out above was added the value of the whole of the loading
which would have been receivable if such policies had been subject to ordinary annual premiums.
As to Annuities the stringent Valuation Basis adopted is considered amply sufficient to justify
the omission of any special reserve for expenses.
(b) The Guaranteed Surrender Values do not exceed the Om 3 per cent reserves.
(c) The Cash Surrender Values of those Policies which were subject to re-instatement within
13 months from date of default are held to their credit for a period of 5 years after expiration of which
period all liability of the Company ceases.
{d) and (e) One annual premium for the 1st 5 years — one-fifth of the annual premium for each year
after 5 years is reserved to allow for the option of conversion of term policies into higher premium
plans.
(/) Special reserve is made on account of the claims being paid immediately on proof of death and
title.
II. No distinction is made between ordinary policies and special class policies in the matter of guarantees.
III. The gross rate of interest earned on the Company's Funds for the year ending November 15, 1920,
was 5-3 per cent.
IV. The distribution of surplus —
(o) After allowing the Shareholders interest at 5 per cent per annum upon their paid-up capital
and upon any balances from time to time standing at the credit of the Shareholders' Account, the
divisible profits arising from the Life Assurance business, as determined by the Directors at the close
of each investigation period, will, in terms of the Company's Act of Parliament. 1910, be allocated
in the proportions of not less than nine-tenths to the Participating Policyholders and not more than
one-tenth to the shareholders.
(b) Under the Reserve Bonus Scheme policies are credited with the same reversionary rate of
bonus as ordinary policies of the same class of assurance but no declaration is made till the termina-
tion of the Reserved Period. This bonus vests and the survivors of each group of entrants share addi-
tionally in a pool formed from the cash values (1) of undeclared bonus (which ordinarily would have
vested had the policy been under the Immediate Bonus Scheme) of policies which have been sur-
rendered or become claims and (2) from the surrender values of policies lapsing between their third
and fifth year of assurance.
These accumulations are compounded at 2^ per cent and thrown into reversion by the Om 3J per
cent table and the cash value and premium reductions are obtained at age last birthday from these
reversionary amounts in the usual manner.
Under the Guaranteed Minimum Bonus Scheme, bonuses are allotted from the outset on the
same scale as policies effected under the Company's ordinary with Profit Schemes. For the first
four quinquenniums these bonuses are converted into equivalent larger deferred reversionary bonuses
vesting at the end of the 20 year period. The Company guarantees that in no event will the total
amount of deferred reversionary bonuses be less than £35 per £100 sum assured, while they may be
greater. After the 20 year period, the policies will participate on the same basis as policies effected
under the Company's ordinary with profit schemes.
(c) There are no such dividends to annuitants in this Company.
DEFERRED DIVIDEND POLICIES.
Issued prior to January 1, 1911, and Amount of Profits contingently apportioned thereto.
Year of Total net Profits
Issue. Amoaint Contingently
in Force. Apportioned.
1901 $ 343,000 $ 20,550 00
1902 365,000 20,737 50
1903 262, 000 15, 018 75
1904 147,500 7,575 00
1905 166,000 8,493 75
1906 ■ 126,000 6,009 36
Totals $ 1,409,500 $ 78,384 36
Schedule A.
Real estate — Book value.
Standard Bldg., 157 St. James St., Montreal $ 331,796 16
Alberta rural property, four parcels 23, 890 70
Manitoba rural property, one parcel 4,550 31
Saskatchewan rural property, nine parcels 13,051 10
$ 373,288 27
11 GEORGE V, A. 1921
374 DEPAHTMEXT OF lySURAXCE
The Standard Life — Continued.
Schedule C.
Bonds and debentures on deposit with Receiver General — Par value. Department's
value.
Governments —
Canada Victory Loan S 150,000 GO $ 150,000 00
British National War Bonds 2,866,466 66 2,665,813 99
$3,016,466 66 $2,815,813 99
Cities-
Alberta— Lcthhndge $ 50,000 00 $ 48,000 00
British Columbia —
Nelson 4, 000 00 3, 680 00
Vancouver 50, 000 00 39, 000 00
Victoria 10,000 00 9,600 00
Manitoba —
Brandon 25,000 00 24,000 00
Winnipeg 50,000 00 44,000 00
Nova Scotia— Bydney 58,000 00 52, 780 00
Ontario —
Chatham 7,861 68 7.861 68
Fort William. 50,000 00 46,180 00
Kingston 4,900 00 4,655 00
Kitchener 27,697 38 26,207 66
St. Catharines 12,166 67 11,680 00
St. Thomas 11,895 52 11,538 65
Sault Ste. Marie 10,000 00 9,300 00
Toronto 102,200 00 95,046 00
Belleville 73,000 00 68,620 00
Montreal 147,000 00 135,790 00
St Hyacinthe 107, 714 75 95, 866 12
Sherbrooke 100,000 00 94,000 00
Saskatchewan —
Regina 17,000 00 15,640 00
Saskatoon 25,000 00 22,500 00
943,436 00 S 865,945 11
Tovms —
New Brunswick— 'Newca.stle S 27,000 00 S 21,060 00
Nova Scotia —
Amherst '. 55,000 00 48,050 00
Liverpool 35,500 00 28,045 00
Pictou 18,000 00 15,840 00
Springhill 5,000 00 4,650 00
Stellarton 22,000 00 19,360 00
Sydney Mines 25,000 00 22,000 00
Ontario —
Almonte 15,000 00 13,950 00
Amprior 35, 178 56 32,364 28
Bowmanville 21,386 42 20,744 83
Brockville 44,290 26 41,628 81
Cobourg 21,500 00 18,967 00
Gananoque 17,000 00 14,450 00
Goderich 12,018 12 11,176 85
Gravenhurst 15,000 00 13,500 00
Kenora 25,000 00 23,500 00
Mount Forest 19,000 00 19,000 00
Oshawa 13,793 48 12,965 87
London 45,000 00 42,300 00
Owen Sound 61,996 22 61,043 63
Parry Sound 14,277 41 13,708 50
Pembroke 21,175 09 20,116 34
Perth 39,984 50 39,330 97
Preston 25,435 87 23,40100
St. Mary's 17, 665 76 16,429 16
Samia 13,216 51 12,952 18
Simcoe 36,652 24 33,353 54
Smith'sFails 102,994 56 89,605 27
Tillsonburg 14,. 500 00 13,910 00
Wingham 30, .500 00 27,005 00
Eleven other towns par value for each not exceeding $10,000. 55,021 26 51,965 28
Prince Edward ZsZand— Summerside 25, 000 00 23, 750 00
LIFE INSURANCE COMPANIES 375
SESSIONAL PAPER No. 8
The Standard Life — Continued.
Schedule C — Continued.
Bonds and debentures on deposit with Receiver General— Cow.
Towns — Concluded. Par value. Department's
Quebec — value.
Fraserville $ 55,000 00 S 50,650 00
Lachine 26,000 00 22,360 00
Longueuil 90,000 00 77,400 00
Maisonneuve 55,000 00 45,650 00
Montreal West 30,000 00 24,600 00
Richmond 20,990 60 18,261 82
St. Lambert 117,746 22 101,783 81
Valleyfield 187,000 00 166,890 00
Seven other towns, par value for each not exceeding $14,000. 55,583 23 50,677 73
$1,567,406 31 $1,408,396 87
Villages —
Ontario —
Hanover $ 5,032 21 $ 5,032 21
Morrisburg 17, 102 08 15, 775 69
Southampton 8,683 81 7,815 43
Watford 5,947 75 5,709 84
Acton Vale 14,000 00 12,880 00
Chambly Canton 7,045 09 5,776 97
Chambly Basin 7,045 09 5,776 97
Como 13, 178 96 12, 124 64
Huntingdon 29,032 11 24,096 65
Lac Weedon 3,295 76 2,900 27
Ste. Agathe des Monts 25,000 00 22,000 00
Verdun 70,000 00 64,400 00
$205,362 86 $ 184,288 67
Townships , Districts or Municipalities —
British Columbia— Qa,k Buy $ 24,49155 $ 23,51189
Ontario —
Cornwall 19,639 03 19,246 25
Pakenham 1,167 42 1,132 40
Wmchester 7,052 89 6,841 30
$ 52,250 89 $ 50,731 84
Counties —
Nova Scotia —
Cape Breton $ 12,000 00 $ 11,400 00
Cumberland 15,000 00 12,900 00
Richmond 1,333 32 1,319 99
Ontario —
Bruce 10,372 49 10,372 49
Carleton * 7,858 61 7,701 44
$ 46,564 42 $ 43,693 92
Loans on Parochial Rates— Quebec— St. Jerome $ 21 , 705 76 $ 20, 186 36
Schools —
A^eiy BrMnsu;2c/fc— Fredericton $ 5,000 00 $ 4,700 00
Ontario —
Kingston 6,500 00 6,131 00
Renfrew 36, 000 00 32, 760 00
Gticbcc —
Beauharnois 5,341 02 4,486 46
Chicoutimi 3,406 35 3, 133 84
Hochelaga 25,000 00 22,750 00
Lachine. 26,905 64 23,946 02
Montreal 255,000 00 225,900 00
Montreal, R.C 50,000 00 46,000 00
St. Edouard 25,000 00 21,000 00
St. Gregoire Le Thaumaturge 25,000 00 20,500 00
St. Hyacinthe 54,596 34 47,754 60
St. Lambert 7,377 21 6,639 49
St. Laurent 25,000 00 21,500 00
St. Leon de Westmount, R.C 25,000 00 22,000 00
Westmount 59, 665 16 56, 141 90
$.634,791 72 $ 565,343 31
376 DEPARTMENT OF INSURANCE
11 GEORGE V, A. 192t
The Stantdard Life — Continued.
Schedule C — Continued,.
Bonds and debentures on deposit with Receiver General — Con.
Par value. Derartment's
ieot/wau— Montreal and Western Ry. (gtd. by Quebec), 1921 to value.
1927, 4 p.c $158,877 20 $149,-344 57
Total with Receiver General $6, 646, 961 82 $6, 103, 744 64
Bonds and debentures held by Trustees—
Go»ernmen<— New Brunswick— Debentures $ 6,000 00 $ 5,730 00
Cities, Ontario —
Chatham S 7,86168 $ 7,86168
Kingston 5,200 00 4,940 00
$ 13,061 68 $ 12,801 68
Towns —
Ontario—
Coboure S 14,000 00 S 12,180 00
Picton 13,208 42 14,600 08
Port Hope 40, 366 36 37, 944 38
Toronto Junction 92, 400 00 78, 540 00
Eight other towns par value for each under $8,100 27,905 46 27,377 51
^ BetuTarnois 30,000 00 30,000 00
Four other towns, par value for each under $8,600 24, 614 05 22. 702 07
$244,494 29 $223,344 04
Village— Ontario— l^ondon West $ 2,42129 $ 2,397 08
Townships, Districts or Municipalities —
New Brunswick— Gloucestev $ 12,000 00 $ 11,640 00
Quebec-W eedon 13,185 94 11.921 26
$ 25,185 94 $ 23,561 26
Schools, Quebec —
Chicoudmi $ 2,27120 $ 2,00183
Emard, R.C 15, 000 00 14, 2o0 00
Montreal, Protestant 2,000 00 1,900 00
St. Jerome 27,436 68 23,748 30
$ 46,707 88 $ 41,900 13
^LoSiTstreetRv. Co., Istmtge., 1925, 5p.c $ 22,000 00 $ 18,700 00
Toronto Railway Co., 1st mtge., 1921, 4^ p.c 8,273 35 8,025 15
West India Electric Co., Ltd., 1st mtge., 1928, 5 p.c 25,000 00 21,750 00
Winnipeg Electric Ry. Co., 1st mtge., 1927, 5 p.c 80,500 00 76,475 00
$ 135,773 35 $ 124,950 15
Miscellaneous —
Ames-Holden-McCready, Ltd., Istmtge., S.F., 1941,6p.c..$ 25,000 00 •? 24,250 00
Asbestos Corpn. of Canada, Ltd., 1st mtge. S.F., 1942, 5 p.c. 5,000 00 3,250 00
Canada Cement Co., Ltd., 1st mtge., 1929, 6 p.c 50,299 99 49,294 00
Canada Starch Co., Ltd., Istmtge., 1930, 6 p.c 25,000 00 24. .500 00
Dominion Canners, Ltd., Istmtge., 1940, 6 p.c 25,000 00 33,500 00
Dominion Cotton Mills Co., Ltd., Istmtge., 1922, 6 p.c 50,000 00 50,000 00
Dominion Iron and Steel Co., Ltd., 1st mtge. S.F., 1929, 5
PC 50,000 00 45,500 00
Dominion textUe Co., Ltd., 1925, 6 p.c 50,000 00 48,500 00
Gordon Ironsides and Fares Co., Ltd., 1st mtge. S.F., 1927,
6pc 25,000 00 22,500 00
Montreal Gas Co., ist mtge., 1921, 4 p.c 250, 146 67 232, 636 40
Penmans, Ltd., 1st mtge., 1926, 5 p.c 50,000 00 42,500 00
Rolland Paper Co., Istmtge., S.F., 1937, 6 p.c 50.000 00 47,500 00
St. Lawrence Sugar Refineries Co., Ltd., 1st mtge.. S.F.,
6 p.c 25,000 00 22.500 00
Western Power Co. of Canada, Ltd., 1st mtge. S.F., 1949,
5pc 25,000 00 15,000 00
Windsor Hotel" Co., ist mtge., 1931. ^ p.c 34.000 00 29.580 00
$ 739,446 66 $ 681,010 40
Total held by Trustees $1,213,09109 $1,115,694 74
LIFE INSURANCE COMPANIES 377
SESSIONAL PAPER No. 8
The Standard Life — Continued.
Schedule C — Concluded.
Par value. Department's
Bonds and debentures held by Company — value.
City, Ontario— London $ 35,000 00 $ 32,900 00
Towns —
Ontario —
Woodstock $ 15,000 00 $ 13,350 00
Three other towns, par value for each under S3, 000 3,861 87 3,821 02
Quebec — Four towns, par value for each not exceeding $6,000 13,945 70 11,876 92
$ 32,807 57 $ 29,047 94
Villages, Quebec— Six villages, par value for each under $2, 100.$ 8, 197 45 $ 7,770 75
Township, Ontario— CoTnv;sin $ 1,156 12 $ 1,130 27
Loans on Parochial and other Public Rates, Quebec —
L'Oeuvre et fabrique— Beauport $ 65,885 08 $ 54,684 62
St. Anselme 25,000 00 21,750 00
St. Brigide 45,987 21 45.987 21
St. Georges 180,000 00 180,000 00
St. Joseph 11, 120 19 11, 120 19
St. Jean Berchmans 120,000 00 123,600 00
St. Vincent de Paul 28,000 00 25,200 00
St. Jean Baptiste 40,000 00 36,400 00
$ 515,992 48 $ 498,742 02
Schools, Quebec —
Lachute $ 643 33 $ 630 46
Montreal, Protestant 60, 700 54 60, 700 54
St. Anne de Bellevue 1,.347 54 1,347 54
St. Lambert 11,969 09 12,276 60
74,660 50 $ 74,955 14
Railways —
Central Vermont Ry., Ref. mtge., 1930, 5 p.c $ 100,000 00 $ 100,000 00
London Street Ry. Co., 1st mtge., 1925, 5 p.c 2,000 00 1,700 00
Montreal Street Ry. Co., 1st mtge., 1922, 4i p.c 18,493 33 17,568 66
$ 120,493 33 $ 119,268
AsbestosCorpn. of Canada, Ltd., 1st mtge. S.F., 1942, 5 p.c.$ 20,000 00 $ 13,000 00
P. Burns and Co., Ltd., 1st and Ref. mtge., 1931, 6 p.c 50,000 00 50,000 00
National Breweries, Ltd., 1st mtge., 1939, 6 p.c 50,000 00 46,500 00
Ogilvie Flour Mills Co., Ltd., 1st mtge., 1932, 6 p.c 51,000 00 52,530 00
Price Bros, and Co., Ltd., 1st mtge., 1940, 5 p.c 21,413 33 18,629 60
Western Power Co. of Canada, Ltd., 1926, 7 p.c 2,500 00 1,375 00
$ 194,913 33 $ 182,034 60
Total held by Company $ 983,220 78 $ 945,849 38
Total bonds and debentures $8,843,273 69 $8,165,288 76
378
DEPARTMEXT OF INSURANCE
11 GEORGE V, A. 1921
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LIFE INSURANCE COMPANIES
379
SESSIONAL PAPER No. 8
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380 DEPARTMEyr OF INSURANCE
11 GEORGE V, A. 1921
THE STAR ASSURi^NCE SOCIETY.
Statement for the Year exding December 31, 1920.
Chairman, The Rt. Hon. Lord Marshall, P.O., K.C., V.O. — Actuary, Henry Edward Mel-
ville— Principal Office, 32 Moorgate St., London, England — Chief Agent in Canada,
Alfred William Briggs — Head Office in Canada, 33 Richmond St. West, Toronto.
(Organized 1843. Incorporated August 18, 1911, by an Act of the Imperial Parliament. Commenced
business in Canada November 6, 1868.)
CAPITAL STOCK.
Authorized and subscribed $ 486, 666 67
Paid in cash 24,333 33
ASSETS IN CANADA.
Ledger Assets.
Held solely for the protection of Canadian Policyholders.
Market value of bonds and debentures on deposit with the Receiver GeneraL {For details
see Schedule C) % 124,309 26
Other Ledger Assets.
Amount secured by the Company's policies in force, the reserve on each policy being in
excess of all indebtedness: —
Loans to policyholders % 5, 861 61
Premium obligations 1 > 002 22
6,863 83
Cash hi Bank of Toronto, Toronto 2,561 14
Total Ledger Assets $ 133,734 23
Non-Ledger Assets.
Interest on— Due. Accrued.
Bonds and debentures $ 3,401 80
Premium notes, policy loans and liens $ 99 25 142 00
Total interest % 99 25 % 3,543 80
% 3,643 05
Gross premiums, less reinsured, due and uncollected, renewal $ 755 58
Deduct commission and estimated loss in collection 19 77
Net premiums due and uncollected 735 81
Total Non-Ledger Assets S 4,378 86
Total Assets in Canada .$ 138.113 09
LIABILITIES IN CANADA.
Net liability under assurance and supplementary contracts in force for payments not due,
dependent on life, disability or any other contingency or on a term certain. {See State-
ment of Actuarial Liabilities) $ 83,848 00
Net liability for unadjusted payments due under contracts: —
Death losses, §7,580; matured endowments, $1,648.25 9,234 25
Total Liabilities in Canada $ 93, 082 25
381
LIFE INSURANCE COMPANIES
SESSIONAL PAPER No. 8
The Star Assurance — Continued.
INCOME IN CANADA.
Assurance premiums, renewal
Gross interest or dividends on —
Bonds or debentures $ 6, 796 30
Premium notes, policy loans and liens 512 99
Bank account 281 57
Total Income in Canada $ 12,382 71
4,791 85
7,590 86
DISBURSEMENTS IN CANADA.
In respect of assurance contracts: —
Death and endowment claims — Death Matured
Claims. Endowments.
Amount assured $ 8,489 40 S 5,813 00
Bonus addition 1,15100 60175
Total
Net dividends in cash.
.$ 9,640 40 .$ 6,414 75
Total net disbursements in respect of assurance contracts
Net reduction in premiums resulting from application of dividends
Taxes, licenses and fees (including taxes on investments but excluding taxes on real estate)
Head office expenses: — Salaries
Branch office and agency expenses: — Assurance commissions, renewal
All other expenses: — Postage
Total Disbursements in Canada
16,055 15
102 00
s
16,157 15
35 16
)
80 59
243 34
194 34
13 '67
s
16,724 25
EXHIBIT OF POLICIES.
Classification.
Whole Life.
Endowment
Assurances.
Bonus
Addi-
tions.
Totals.
No.
Amount.
No.
Amount.
No.
Amount.
At end of 1919
64
$
87, 620
48
50,662
$
15,928
112
154 210
Less ceased by: —
Death
7
10,965
2,407
694
176
7
7
1
13 372
Maturity
7
6,813
7,507
663
Transferred from
1
487
Total ceased
8
11,452
7
6,813
3,277
15
91 549
At end of 1920
56
76,168
41
43,849
12,651
97
139 668
MISCELLANEOUS.
Total amount in force divided as to dividend plan: — Quinquennial, $101,011; non-partici-
pating, $31,657. Total
$ 132,668 00
382
DEPARTMENT OF IN HV RANGE
11 GEORGE V, A. 1921
The Star Assurance — Concluded.
STATEMENT OF ACTUARIAL LIABILITIES.
Class of Contract.
Gross in Force.
Number.
Amount.
Reserve.
Ordinary with Profits: —
Life .•
45
31
$
59,135
29,225
12,651
(35)
S
35,931
21.481
Bonus Addition
10,050
165
Totals. ...
76
101,011
67,627
Ordinary without Profits: —
Life .
11
10
17,033
14,624
7,266
Endowment Assurance
8,955
Totals
21
31,657
16,221
Grand Totals
97
132,668
83,848
Schedule C.
Bonds and debentures on deposit with Receiver General: — Par value. Market value.
Newfoundland Bonds $ 97,333 33 S 60,127 66
Nova Scotia Debentures 96, 846 67 64, 181 60
$ 194,180 00 $ 124,. 309 26
LIFE INSURANCE COMPANIES 383
SESSIONAL PAPER No. 8
THE STATE LIFE INSURANCE COMPANY,
Statement for the Year ending December 31, 1920.
President, H. W. Bennett — Secretary, Albert Sahm — Actuary, C. H. Beckett — Principal
Office, Indianapolis — Chief Agent in Canada, W. H. Hunter— Head Office in Canada,
706-7 Temple Building, Toronto.
(Organized September 5, 1894. Commenced business in Canada, 1904.)
NO CAPITAL STOCK.
ASSETS IN CANADA.
Ledger Assets.
Held solely for the protection of Canadian Policyholders.
Mortgage loans on real estate held by Trustees $ 53, 300 00
Department's value of bonds, debentures and debenture stocks owned by the Company
on deposit with Receiver General. (For details see Schedule C) 284, 512 85
Other Ledger Assets.
Amount secured by the Company's policies in force, the reserve on each policy being in
excess of all indebtedness: —
Loans to policyholders $ 72, 145 04
Premium obligations 750 38
72,895 42
Cash: — In Canadian Bank of Commerce, Toronto, $15,889.73; with National Trust Co.,
$7, 178 .80 23, 068 53
Total Ledger Assets $ 433, 776 80
Non-Ledger Assets.
Interest on — Due. Accrued.
Mortgages | 554 28 $ 1,096 66
Bonds and debentures 2, 741 12
Premium notes, policy loans and liens 7 50
Total interest $ 554 28 $ 3,845 28
4,399 56
Due from other licensed companies on reinsured contracts for losses or claims paid 10,000 00
Gross premiums, less reinsured, renewal: —
Due and uncollected $ 488 11
Deferred 1 , 203 02
Total f 1, 691 13
Deduct commissions and estimated loss in collection 292 14
Net premiums due and uncollected , and deferred $ 1 , 398 99
1,398 99
Total Non-Ledger Assets % 15, 798 55
Total Assets in Canada I 449, 575 35
384
DEFARTMEXT OF IXSURAXCE
The State Life — Continued.
11 GEORGE V, A. 1921
LIABILITIES IN CANADA.
Net liability under assurance, annuity, and supplementary contracts in force for payments
not due, dependent on life. disal>ility or any other contingency or on a term certain.
{See Statement of Actuarial Liubililic.s) $ 336,8-31 2.5
Net liability for unadjusted payments due under contracts: — Death losses 1,000 GO
Dividends left with the Company (arising out of assurance contracts) including interest
accumulations * '. 1 , 176 78
Received from policyholders in advance:— Premiums, S14. 67; interest, $2,278.35 2,293 02
Net dividends to policyholders due and unpaid 23 04
Provision for profits to policyholders payable in the year following the date of account 236 97
Provincial, municipal and other taxes due and accrued 401 98
Total LiabUities in Canada $ 341,963 04
INCOME IN CANADA.
Assurance premiums
Less reinsurance premiums paid.
First Year. Renewal. Single.
$ 131 55 $ 41,474 68 $ *441 75
1,235 48
Total net premiums.
131 55 $ 40,239 20 $ 441 75
Dividends left with the Company at interest (arising out of assurance contracts.)
Gross interest or dividends on —
Mortgages S 5,446 29
Bonds and debentures 14, 760 86
Premium notes, policy loans and liens 3, 729 83
40,812 50
260 61
Total Income in Canada.
23,936 98
S 65,010 09
DISBURSEMENTS IN CANADA.
In respect of assurance contracts: —
Death claims, — Amount assured
Net surrender values
Net dividends —
In cash
Left with the company at interest
Applied as single premiums: — To purchase bonus addition
2,832 38
260 61
149 25
Total net dividends.
Total net disbursements in respect of assurance and annuity contracts .?
Net payments on supplementary contracts not involving life contingencies
Net reduction in premiums resulting from application of dividends
Dividends left with the company and interest accumulations withdrawn
Taxes, licenses and fees (including taxes on investments but excluding taxes on real estate) . .
Branch office and agency expenses: — Assurance commissions — first year, S85.51; renewal,
$162.82; advanced to agents, $166; rents, $890.50; special contract commissions, $1,007.74;
miscellaneous, $1 . 50
All other expenses: — Legal fees, $100; medical fees and inspection, $6; postage, $98.32;
printing and stationery, $17
60,975 32
45,185 80
3,242 24
109,403 36
125 00
5,891 33
306 69
781 49
2,314 07
221 32
Total Disbursements in Canada $ 119,043 26
EXHIBIT OF ANNUITIES.
Classification.
Arising out of Life
Assurance Contracts
Not Involving
Life Con-
gencies.
No.
Annual
Payment.
At end of 1919
1
$
125
At end of 1920
1
125
♦Including $149.25 single premiums Daid by application of assurance dividends.
LIFE INSURANCE COMPANIES 385
SESSIONAL PAPER No. 8
The State Life — Continued.
EXHIBIT OF POLICIES.
(For policies herein included involving disability benefits see Abstract.)
Whole Life.
Endowment
Assurances.
Term and
Other.
Bonus
Additions
Totals.
No.
Amount.
No.
Amount.
No.
Amount.
No.
Amount.
At end of 1919
304
1
1,004,955
5,000
300
S
312,000
302
539,860
$ cts.
3,371 00
1,090 00
906
1
$
1,860,186
6,090
176
New issued
Old increased
176
61,000
Transferred to
1
2,500
72
73
63,500
Totals
306
1,012,455
300
312,000
.374
601,036
4,461 00
980
1,929,952
Less ceased by: —
Death
3
56,000
5
5,000
1
3
6
1
500
13,000
6,000
2,500
9
3
242
73
61 500
Expiry
13,000
239,990
63,500
Surrender
17
62
12,500
52,000
219
10
219,000
9,000
2,490 00
Transferred from
Total ceased
82
120, 500
234
233,000
11
22,000
2,490 00
327
377,990
At end of 1920
224
891,955
66
79,000
363
579,036
1,971 00
653
1,551,962
Reinsured
30,000 00
30,000
MISCELLANEOUS.
New policies issued and paid for in cash: — Number, 1; gross and net amount, $5,000.
Claims reinsured: — Death claims, $10,000.
Total amount in force divided as to dividend plan: — Annual, $865,290; deferred,
$293,000; non-participating, $393,672. Total
$ 1,-551,962
STATEMENT OF ACTUARIAL LIABILITIES.
Assurance Section.
Gross in Force.
Reinsured in Companies
licensed in Canada.
No.
Amount.
Reserve.
Amount.
Reserve.
Ordinary with Profits: —
Life
211
65
$
845,790
80,000
(1,506)
232,500
S cts.
263,675 37
26,506 84
550 58
174 .38
99 39
$
10,000
$ cts.
273 70
Endowment assurance
Bonus addition
Double indemnity
Total disability
Totals
276
1,158,290
291,006 56
10,000
273 70
Ordinary without Profits: —
Life
Endowment assurance
9
1
367
57,506
1,000
333,315
1,386
465
8,104 84
382 39
23,333 64
98 25
258 06
20,000
614 40
Term, etc
Return premium
Bonus addition
Totals
377
393,672
32,177 18
20,000
614 40
Grand Totals
653
1,551,962
323,183 74
30,000
888 10
8—25*
336
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
The State Life — Continued.
STATEMENT OF ACTUARIAL LIABILITIES— Conc?«<fed.
Annuity Section.
Class of Annuity.
Gross in Force.
Annual
No. Payment. Reserve.
With Profits:—
Supplementary contracts: —
Not involving life contingencies.
Disability annuities
Totals.
$ cts.
125 00
125 00
S cts.
2,832 12
28 32
2,860 44
SUMMARY OF RESERVE.
With Without
Profits. Profits.
Total reserve, policy and annuity contracts S 293, 867 00 $ 32, 177 18 S
Total reserv'e on reinsured contracts 273 70 614 40
Total net reserve on the statutory basis of valuation S 293 , 593 30 S 31 , 562 78 i
NTet reserve carried in the liabilities 304,096 91 32, 734 34
Reserve maintained by the Company in excess of the statutory
reser^^e S 10,503 61 S 1,17156 $
Total.
326,044 l8
888 10
325, 156 08
336,831 25
11,675 17
MISCELLANEOUS STATEMENT.
I. The calculation of the "Reserve" in the "Statement of Actuarial Liabilities." — ■
(1) The reserve is calculated by the Group method, the premium rates being based upon the age at
nearest birthday. The assumption is, therefore, made that all policies issued in any year were issued at
the middle of that year and that the duration is from the middle of the year of issue to the end of the
year from which the valuation is made. The O™ (5) 3? per cent mean reserve tables were used to cal-
culate Canadian liabilities.
Special Classes —
There are no special class policies except as follows: —
(/) In addition to the regular mean reserve, an extra reserve based upon Hunter's Disability
Table, is calculated for all policies containing disability benefits before occurrence of disability. After
occurrence of disability the extra reserve is calculated by forming annuity tables ax and with these
annuities is used the present value of the Office premium as an extra reserve.
(g) This Company has no annuities issued to lives classed as under-average.
(2) Items of special reserve — No special reserves are maintained except as follows: —
{b) In all cases where the standard upon which the policy was issued calls for a higher reserve
than that of the O™ (5) 35 per cent standard, the excess was entered to make up the item of $11,675.17.
Premiums and values in all policies issued prior to January 1, 1908, were based upon the American
Experience Table of Mortality and 3 per cent interest, full preliminary term method of valuation.
Participating policies issued since January 1, 1908, have premiums and values based upon the American
Experience Table of Mortality and 3 per cent interest, modified preliminary term, Illinois standard
method of valuation. Non-participating policies have premiums and policy values based upon the
American Experience Table of Mortality and 3j per cent interest, Illinois standard method of valua-
tion.
II. This Company has no policies issued on lives resident in tropical or subtropical countries.
III. The average rate of interest earned during the year was 5-95 per cent.
IV. The distribution of surplus —
(a) The Company is mutual and has no stockholders.
(5) The contribution formula was used for determining dividends. For the year 1920 excess
interest earnings were computed at 2| per cent of the terminal reserve and mortality savings were
graded according to the number of years the policy had been in force. Paid-up insurance, extended
insurance, and paid-up endowments are converted on the basis of the net single premium.
(c) The Company has no participating annuity policies. .
LIFE INSUEANCE COMPANIES 387
SESSIONAL PAPER No. 8
The State Life — Continued. .
Schedule C.
Bonds and debentures on deposit with Receiver General— Par value. Department's
value.
Government— CsLnada,'Wa.T Loan $ 150,000 00 $ 148,500 00
Cities —
Lachine 25,000 00 20,250 00
Port Arthur 22,000 00 20,900 00
Prince Albert 10,725 70 5,362 85
Saskatoon 20,000 00 18,500 00
Sault Ste Marie 10,000 00 8,800 00
Stratford 10,000 00 8,600 00
Three Rivers 10,000 00 8,400 00
Town— Kenora 20,000 00 20,000 00
Sc/iooZ— Montreal, R.C 30,000 00 25,200 00
$ 307,725 70 $ 284,512 85
GENERAL BUSINESS STATEMENT FOR THE YEAR ENDING DECEMBER 31, 1920.
INCOME.
Total premium income $ 5,028,206 61
Consideration for supplementary contracts not involving life contingencies 36,300 52
Dividends left with the company to accumulate at interest 43, 663 11
Interest and rents 1,286,680 25
Agents' balances previously charged off 0 82
Gross profit on sale or maturity of ledger assets 160 90
All other income 8, 516 7'7
Total income $ 6, 403 , 528 98
DISBURSEMENTS.
Net amount paid for death losses and matured endowments $ 1 , 371 , 121 69
Annuities involving life contingencies 1, 656 48
Premium notes, credits, and liens voided by lapse 28,908 99
Surrender values paid in cash, or applied in liquidation of loans or notes 247, 698 88
Surrender values applied to pay new and renewal premiums 2, 409 76
Surrender values applied to purchase paid-up insurance and annuities 32,003 84
Dividends paid policyholders in cash, or applied in liquidation of loans or notes 305, 133 38
Dividends applied to pay renewal premiums 377, 579 28
Dividends applied to purchase paid-up additions and annuities 17,460 76
Dividends left with the company to accumulate at interest 43, 663 11
Expenses of investigation and settlement of policy claims 3,878 46
Paid for claims on supplementary contracts not involving life contingencies 17, 495 39
Dividends and interest thereon held on deposit, surrendered during the year 11, 627 55
Branch office expenses 86, 976 00
Commissions to agents 1 , 387, 840 79
Compensation of managers and agents not paid by commission for services in obtaining new
insurance. , 3, 000 00
Agency supervision and travelling expenses of supervisors 25,850 82
Salaries and all other compensation of officers, directors, trustees and home office employees 227,828 51
Rent 25, 392 10
Medical examiners' fees and inspection of risks 99, 293 60
Taxes on real estate 23, 720 00
Repairs and other expenses on real estate 52, 002 04
State taxes on premiums. Insurance Department licenses and fees 71,808 30
All other licenses, fees and taxes 58, 004 98
Agents' balances charged ofT ' 55 26
All other disbursements 107,964 79
Total disbursements | 4,630,377 76
LEDGER ASSET S.
Book value of real estate $ 1 , 073, 408 63
Mortgage loans on real estate, first liens ll'398',542 50
Premiums reported to War Risk Insurance Bureau ' ' 900 00
Loans made to policyholders on the company's policies assigned as collateral 5,205,325 03
Premium notes on policies in force 87,515 38
Book value of bonds 4,918 278 45
Cash on hand, in trust companies and in banks 440', 780 79
Agents' balances 2oi 179 15
Total ledger assets $23,144,929 93
8—25^*
388 DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
• The State Life — Concluded.
NON-LEDGER ASSETS.
Interest and rents due and accrued $ 263,295 88
Market value of real estate over book value 154,420 34
Due from other companies for losses or claims on policies of this Company, re-insured 10,000 00
Net amount of uncollected and deferred premiums 341,264 45
All other assets 3,917 75
Gross assets $23,917,828 35
Deduct assets not admitted 145, 150 40
Total admitted assets $23,772,677 95
LL\BILITIES.
*Net reserve 820,170,500 10
Extra reserve for total and permanent disability benefits and for additional accidental death
benefits 140,227 15
Present value of amounts not yet due on supplementary contracts not involving life contin-
gencies 137,822 33
Present value of amounts incurred but not yet due for total and permanent disability benefits 17, 232 27
Totalpolicy claims 153,423 89
Premiums paid in advance, including surrender values so applied 28, 443 79
Salaries, rents, office expenses, bills, accounts, due or accrued 17, 369 80
Medical examiners' fees, due and accrued 5, 934 08
Dividends or other profits due to policyholders (including those contingent on payment of
outstanding and deferred premiums) 28, 721 21
Dividends declared on or apportioned to annual dividend policies payable to policyholders to
March, 1921, whether contingent upon the payment of renewal premiums or otherwise. 73,493 55
Dividends declared on or apportioned to deferred dividend policies payable to policyholders
during 1921 199, 562 65
Dividends left with the company to accumulate at interest and accrued interest thereon. . . 131,142 90
Unearned interest and rent paid in advance 133,468 33
Commissions to agents due or accrued 115,513 95
Commissions due to agents on prem.ium notes when paid 5,834 61
Surplus on term policies 18, 779 57
Federal, state and other taxes due or accrued (estimated) 128, 686 46
Reserve for mortality, assets fluctuations and other contingent liabilities 254, 104 07
Unassigned funds (surplus) 2,012,417 24
Total liabilities $23,772,677 95
• =^
EXHIBIT OF POLICIES.
No. Amount.
Issued during the year 15,491 $ 41 , 106 290
Terminated 4,598 11,275,852
In force at end of year 64, 199 146,425, 137
*Ba3ed on Actuaries' Table of Mortality with interest at 4 per cent for all policies issued prior to
January 1, 1901, 3^ per cent for all non-participating business, issued on or after that date excepting 20-year
term policies issued prior to Aug. 16, 1909, and 3 per cent for all other policies. For annuities, McClintock's
Annuitants Table with interest at 3^ per cent.
LIFE INSURANCE COMPANIES 389
SESSIONAL PAPER No. 8
SUN LIFE ASSURANCE COMPANY OF CANADA.
Statement for the Year ending December 31, 1920.
President, T. B. Macaulay — Vice-President, S. H. Ewing — Secretary, F. G. Cope — Actuary,
Arthur B. Wood — Head Office, Dominion Square, Montreal.
{For List of Directors see Appendix).
(Incorporated 18G5 by Act of late Province of Canada 28 Vic. Cap. 43. Commenced business May, 1871)
CAPITAL STOCK.
Authorized $ 2,000 000 00
Subscribed 1,000 000 00
Paid in cash 500,000 00
Premium on Capital Stock paid by Stockholders 120,000 00
(For List of Shareholders see Appendix.)
SUMMARY BALANCE SHEET.
Total Ledger Assets $ 113,342, 656 03 Total Liabilities $ 105,974,777 33
Deduct excess of total book value of Excess of Assets over Liabilities: —
Ledger Assets over total Depart- Capital Stock paid
ment's value 2,422,438 11 in cash $ 500,000 00
'Surplus 8,364,667 15
8,864.667 15
Total Ledger Assets taken at Depart-
ment's value 8 110,920,217 92
Non-Ledger Assets 3,919,226 56
Total Assets $ 114,839,444 48 Total $114,839,444 48
SYNOPSIS OF LEDGER ACCOUNTS.
As at December 31, 1919:— Decrease in Ledger Assets in 1920: —
Net Ledger Assets $103,297,104 09 Disbursements $17,948,694 49
Money on deposit 129,552 70 Amount bv which Ledger Assets
Sundries 329 10 were written down 842,27104
Deposit to meet maturing debentures 12,000 00 Decrease in Ledger liabilities.... 24,370 48
Deposits in connection with Annui- Net adjustment of Ledger Assets
ties 4, 591 58 due to change in value of
Commissions to Agents, due and Foreign Currencies 847,539 87
accrued 11, 550 43
Accrued Income Tax (Great
Britain) 138, 185 21
Total Ledger Assets $103,593,313 11 Total decrease $ 19,662,875 88
Increase in Ledger Assets in 1920: — As at December 31, 1920: —
Income $ 29,412 218 80 Net ledger assets 113,070,817 49
Money on deposit 90, 114 01
Sundries . 3,077 48
Deposit to meet maturing
debentures 12,000 00
Deposits" in connection with
Annuities 7,363 06
C'ommissions to Agents due
and accrued 13,993 92
Accrued Income Tax (Great
Britain) 145,290 07
Total Ledger Assets $113,342,656 03
Total $133,005,531 91 Total $133,005,531 91
*Including $1,805,396.99 surplus contingently apportioned to deferred dividend policies issued prior to
January 1, 1911.
390 DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
Sun Life — Continued.
ASSETS.
Ledger Assets
Book value of real estate (less $90,000.00 encumbrances) held by the Company (For details
see Schedule A) $ 5,568,248 62
Mortgage loans on real estate, first liens 7,634,427 96
Loans secured by bonds, stocks or other marketable collaterals (.For details see Schedule B) 390,209 33
Amount of loans as above on which interest has been overdue for one year or
more previous to statement S 359,444 64
Amount secured by the Company's policies in force, the reserve on each policy being in
excess of all indebtedness: —
Loans to policyholders SIO, 441 , 169 81
Advances to policyholders under automatic non-forfeiture provisions 2,958,702 96
Premium obligations 36, 335 84
13,436,208 61
Book value of bonds, debentures and debenture stocks owned by the Company {For
details see Schedule C) 68, 678, 068 26
Book value of stocks owned by the Company {For details see Schedule D) 17, 132, 125 92
Cash:— At Head Office, 82,597.26; in- banks, $500,770.07 {For details see Schedule E) 503,367 33
Total Ledger Assets .^ $113,342,656 03
Deduct excess of total book value of real estate, bonds, debentures and stocks over total
Department's value 2,422,438 11
Total ledger assets taken at Department's value $110, 920, 217 92
Non-Ledger Assets.
nterest, dividends and rents, due and accrued: —
Interest or dividends on — Due. Accrued.
Mortgages $ 83, 987 12 $ 230,764 47
Collateral loans 74, 575 23
Bonds and debentures 65, 201 69 692, 902 35
Stocks 80, 930 98
Premium notes, policy loans and liens 3, 990 87
Total interest $ 149,188 81 $ 1,083,163 90
ents 8,422 60 6,265 44
Interest, dividends and rents, due and accrued $ 157,611 41 S 1,089,429 34
$ 1,247,040 75
Gross premiums, less reinsured: — First Year. Renewal.
Due and uncollected $ 4.34.068 46 $ 2,170,114 15
Deferred 138,506 23 694,839 94
Total $ 572,574 69 S 2,864,954 09
Deduct commissions and estimated loss in collection 200,401 13 572,990 78
Net premiums due and uncollected, and deferred $ 372,173 56 $ 2,291,963 31
2,664,136 87
Consideration for annuities, less reinsured: —
Due and uncollected $ 990,57 $ 7,428 42
Deferred 74 12 1,767 72
Total $ 1,064 69 $ 9,196 14
Deduct commissions and estimated loss in collection 372 63 1,839 26
Net consideration for annuities due and uncollected, and
deferred $ 692 06 $ 7,356 88
8,048 94
Total Non-Ledger Assets $ 3, 919, 226 56
Total Assets $114,839,444 48
LIFE INSURANCE COMPANIES
391
SESSIONAL PAPER No. 8
Sun Life — Continued.
LIABILITIES.
Net liability under assurance, annuity, and supplementary contracts in force for payments
not due, dependent on life, disability or any other contingency or on a term certain
(See Statement of Actuarial Liabilities.) $102, 585, 74.3 02
Net liability for payments due under contracts:
Death
Losses.
Unadjusted —
Ordinary $1,108,910 84
Thrift 1,811 06
Group 4,800 00
Resisted —
Insult — ordinary. 4,100 00
Not in suit — or-
dinary 4,550 00
Matured
Endowments.
$ 21.3,273 99
2, 163 44
Annuity
Claims.
Supplement-
ary Contracts
90,280 42 $ 3,705 75 $
Disability
Claims.
250 00
1,500 00
Totals .$1,124,17190 $215,437 43 $ 90,280 42 $ 3,705 75 $ 1,750 00
Provision for unreported death losses and disability claims
Amounts left with the Company (arising out of assurance contracts) including interest
accumulations: — Dividends, .$9,109.91; all other amounts, $72,476.92
Received from policyholders in advance : — Premiums
Net dividends to policyholders due and unpaid
Premium reductions on outstanding premiums and annuity consideration
Net profits allotted to deferred dividend policies issued on and after 1st January, 1911
Provision for profits to policyholders payable in the year following the date of account up
to March 31, 1921
Provincial, municipal and other taxes due and accrued
Balance of shareholders surplus account
Salaries, rents and office expenses, due and accrued
Medical examiners' fees due and accrued
Comniissions to agents due and accrued
Money on deposit
All other liabilities due and accrued: —
Terrebonne sinking fund, $12,000 00; accrued income tax (Great Britain), $145,290.07;
deposits re annuities, $7,363.06; sundries, $204.50; suspense account, $2,872 98
1,435,345 50
325, 000 OO
81,586 83
133,413 03
214, 164 66
9,807 95
112,673 15
414,147 50
300,0.34 95
65,768 40
10,744 84
14,508 96
13,993 92
90,114 01
167,730 61
Total LiabUitics $ 105, 974, 777 33
SHAREHOLDERS' SURPLUS ACCOUNT.
Balance, Dec. 31. 1919 $ 44,692 92
Interest added during 1920 31, 129 58
Shareholders' proportion of profits: —
Bonus to stockholders from accumu-
lated surplus of Non-particdpat-
ing and Annuity Branches .350,000 00
Participating account 77,869 65
Total $ 503,692 15
Dividends to shareholders $ 425, 000 00
Proportion of expenses L, 556 48
Income Tax 6,860 70
Shareholders' proportion of losses. —
On investments 4, 506 57
Balance, Dec. 31, 1920, 65, 768 40
Total $ 503,692 15
INCOME.
First Year. Renewal. Single.
Assurance premiums $4,399,262 39 $15,897,518 80 $ *609,598 53
Less reinsurance premiums paid 330 00 43, 772 77
Total net premiums $4,398,932 39 $15,853,746 03 $ 609,598 53
. $
Consideration for annuities
.$ 11,836 68 $ 43,688 37 $ 1,512,418 22
Accident premiums. . . .
Total group premiums .
Total thrift premiums.
,862,276 95
,567,943 27
21 18
67,904 24
36,411 80
Total net premium income and consideration for annuities $ 22, 534, 557 44
* Including $511,607.58 single premiums paid by application of assurance dividends.
392 DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
Sun Life — ContiniLed.
INCOME— Concluded.
CoDsideration for supplementary contracts: —
Involving life contingencies, $10,297.00; not involvin'g life contingencies, $33,671.94 $ 43,968 94
Dividends left with tbp Company at interest (arising out of assurance contracts) 6,854 87
Interest, dividends, and rents; —
Gross interest or dividends on —
Mortgages $ 540,174 78
Collateral loans 4, 159 23
Bonds and debentures (less $285,123.40, paid for accrued interest
on bonds acquired during year) 3,617, 628 33
Stocks 1, 118, 753 76
Premium notes, policy loans and liens 734,775 75
Other assets 5, 638 40
Total S 6,021, 130 25
Gross rents for Company's property (including $113,062.75 for Company's
occupancy of its own buildings), less $252,365.96 for taxes, expenses,
and repairs in connection with such properties 52, 584 47
Total interest, dividends and rents 6,073,714 72
Income from all other sources: —
Receipts towards expenses in connection with premiums advanced under non•^forfeiture
privilege, $92,482.46; exchange', $550,865.97 643,348 43
Gross profit on sale or maturity of ledger assets:— bonds, $81,527.80; stocks, $28,246.60. . . . 109,774 40
Total Income. $ 29,412,218 80
DISBURSEMENTS.
Death Matured Disability
In respect of assurance contracts:— Claims. Endowments. Claims.
Death, endowment and disabilitv claims —
Amount assured— Ordinary $4,175,352 53 $1,583,738 68 $ 4,902 80
Thrift 18,360 85 41,402 98
Group 27,746 61
Bonus addition. Ordinary 67,017 66 63,607 12
Tcntal $4,288,477 65 8 1,688,748 78 $ 4,902 80
Less, received for reinsured. Ordinary. . 99, 300 00
Total net payments. $4,189,177 65 $1,688,748 78 $ 4,902 80
$ 5,882,829 23
Net surrender values under matured Deferred Dividend Policies.. 543,296 86
Net surrender values 1,427,527 36
Net dividends —
In cash $ 1,045,491 85
Left with company at interest .6, 854 87
Applied as single premiums: —
To purchase bonus addition $ 427,584 91
To purchase premium reduction 84,022 67
511,607 58
Total net dividends 1, 563,954 30
Payments under Guarantee Compound Interest Policies 45, 625 52
In respect of life annuity contracts: —
Cash payments to annuitants $ 1,419, 175 12
Net surrender values 77,993 61
1,497,168 73
Total net disbursements In respect of assurance and annuity contracts $ 10,960,402 00
Net payments on supplementary contracts: —
Involving life contingencies, $Ig,.3.34.71; not involving life contingencies, $58,594.43 76,929 14
Net reduction in premiums resulting from application of dividends 98,965 09
Dividends left with the company and interest accumulations withdrawn 1,281 19
Dividends to shareholders, 875,000.00: bonus to shareholders out of accumulated surplus
of non-participating and annuity branches, $350,000 00 425,000 00
Income tax, shareholders' account 6,860 70
LIFE INSURANCE COMPANIES
393
SESSIONAL PAPER No. 8
Sun Life — Continued.
DISBURSEMENTS— ConcZuded.
*Taxes, licenses and fees (including taxes on investments but excludirg taxes on real estate).? 366,439 63
•Head office expenses:— Salaries, $728,058.78; directors' fees, $21,087.92; auditors' fees,
$14,130.25; travelling expenses, $27,501.95; rents, $100,000.00 890,778 90
♦Branch office and agency expenses: — Assurance commissions: first year, $2,403,698.04;
renewals, $801,614.69; Annuitv commissions: first year, $34,297.73; renewal, $1,310.91;
advanced to agents, $116,484.16; salaries, $660,229.26; travelling expenses, $65,820.97 ;
rents, $81,868.87; miscellaneous, .$68^377.22 4,233,701 85
*A11 other expenses:— Advertising, $68,754.86; books and periodicals, $7,849.39; express,
telegrams and telephones, $40,643.90; legal fees, $15,358.45; medical fees, $193,949.82;
office furniture, $35,554.81; postage, $46,994.75; printing and stationery, $17l),572.51 :
commissions on loans, $6,436.00; appraisement expenses, $46,591.57; light, water, and
heat, $3,120.96; caretaking, $2,799.48; subscriptions, $16,931.82; expenses Accident
and Thrift Departments, $1,549.56; inspection of risks, $33,297.15; head office building,
$58,956.76; expenses in connection with re-assured companies, $3,933.54; miscellaneous,
$86,479 .74 839, 775 07
Amount paid Federal Life shareholders under re-assur£lnce agreement 27,621 45
Gross loss on sale or maturity of ledger as.sets: Bonds, $20,610.92; stocks, $328.55 20,939 47
Total Disbursements $ 17, 948, 694 49
EXHIBIT OF ANNUITIES.
Arising out of Life Assurance Contracts.
Classification.
Life Annuities
Proper.
Involving
Life
Contingencies.
Not involving
Life
Contingencies.
Disability
Totals.
No.
Annual
Payment
No.
Annual
Payment
No.
Annual
Payment
No.
Annual
Payment.
No.
Annual
Payment.
At end of 1919
New issued
Old revived
6,236
553
4
$ cts.
1,565,118 37
171,758 96
887 00
92,632 81
60,235 39
72
4
$ cts.
17,686 20
700 00
140
17
$ cts.
27,318 09
3,898 39
6
7
$ cts.
500 00
1,100 00
6,454
581
4
$ cts.
1,610,622 66
177.457 35
887 00
Old increased
167 03
281 35
92,799 84
Transferred
178
6
184
60,516 74
Totals
6,971
1,890,632 53
76
18,386 20
163
31,664 86
13
1,600 00
7,223
1,942,283 59
Less ceased by: —
Death
215
9
34
17
7
55,213 02
1,830 10
11,085 48
5,611 42
1,386 00
396 37
2,088 00
60,235 39
215
13
37
17
7
55,213 02
Expirv
4
1
554 80
17 46
2,384 90
Surrender
2
1,000 00
12,102 94
Lapse
5,611 42
Paid-up
1,386 00
Reductions
131 85
....
114 18
642 40
Not taken
5
178
5
184
2,088 00
Transferred
1
49 00
5
232 35
60,516 74
Total ceased
465
137,845 78
3
1,180 85
10
918 79
478
139,945 42
At end of 1920....
6,506
1,752,786 75
73
17,205 35
153
30,746 07
13
1,600 00
6,745
1,802,338 17
* Investment expenses included in these items are placed at $303,685.74, being 5 p.c. of net income
from interest and rents.
394
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
Sun Life — Continued.
EXHIBIT OF POLICIES (ORDINARY)
(For policies herein included involving disability benefits, see Abstract.)
Classification.
Whole Life.
Endowment
Assurances.
Term and
Other.
Bonus
Additions.
Total.
, No.
Amount.
No.
Amount.
No.
Amount.
No.
Amount.
At end of 1919. .
132,411
21,932
644
1,523
$
258,141,2.50
58,067,603
1,363,157
3,441,952
1,047,875
82,973
20,473
535
1.105
S
149,804,529
45,828,169
869,822
2,110,209
1,203.343
1,529
775
4
159
$
5,183,910
3,534,794
14,276
295,357
5,778
$
2.744,098
637,452
11,019
216.913
43,180
1,183
2,787
$
415 873 787
New issued
108.068.018
2.258.274
TransfprrpH t^
5.847,518
Old increased
19,661
2.276.657
Totals
156,510
322,061,837
105,086
199,816,072
«
2,467
9,034,115
3,412,230
264.063
534,324.254
Leas, ceased by: —
Death
Maturity
1.136
2,638,801
860
1,023
1
' 'i;642
2,861
1,220
1,994
1,432,193
1.523,942
1,000
61,201
3,073.678
5,235,924
2,233,614
11,857,996
4,950,209
23
62,235
9.778
48,894
54,672
45
2,019
1.023
4
107
4,964
6.454
2.787
■■'3;48i
4,182.123
1 588.392
3
1
3,320
3,493
1,525
4,000
49,874
6,047,249
7,209,451
3,423,334
1,739,264
4,171,219
5.045
106
2
100
42
■ "47
168,557
27,778
421,627
190,560
40,344
203,265
279.632
Surrender
129.219
14,540
9,277,924
Lapse
12,881,542
5,847,508
166,130
13,803,734
Not taken
1,440
9,324,693
Total ceased
10,918
25,283,192
9,601
30,369.757
320
1,124,144
413.500
20,839
57.190.593
At end of 1920
145,592
296,778,645
95.485
169,446,315
2,147
7.909,971
2,998,730
243.224
477.133,661
1.035.780
MlSCELL.^NEOUS.
New policies issued and paid for in cash: — No., 39,746; gross amount, §97,875,538; rein-
sured in other licensed companies, $9,100.
Claims reinsured, death claims, §99,300.
Net amount in force divided as to dividend plan: — Annual, $75,058,845; 5-year dividend,
$169,688,216; non-participating, $28,076,433; reserv'e dividend $203,274,387. Total $476,097,881
EXHIBIT OF POLICIES (THRIFT)
Classification.
Whole Life.
Endowment
Assurances.
Term and
other.
Total.
No.
Amount.
No.
Amount.
No.
Amount.
No.
Amount.
At end of 1919
Old revived
3.344
15
2
$
565,641
2,387
451
3,354
35
2
$
471.476
3.614
575
6
$
2.250
6,704
50
4
S
1,039,367
6,001
Changes
1,026
Totals
3.361
568,479
3,391
475,665
6
2,250
6,758
1.046,394
Less ceased by; —
Death
83
12,127
20
292
35
29
3.818
37.605
6.180
3.331
103
292
98
58
4
15,945
Maturity
• 37,605
Surrender. . .
63
29
4
10,875
4,530
1.026
327
17,055
Lapse
7,861
Changes
1,026
Decreases ....
49
376
Total ceased . . .
179
28,885
376
50.983
555
79,868
At end of 1920
3,182
539,594
3,015
424,682
6
2,250
6,203
966,526
LIFE INSURANCE COMPANIES
395
SESSIONAL PAPER No. 8
Sun Life — Continued.
EXHIBIT OF POLICIES (GROUP)
Classification.
Term.
No. of
Policies.
No. of
Employees.
Amount
Assured.
At end of 1919 . .
5
50
567
9,931
2,232
S
650,700
8,789,128
New employees insured during 1920 under policies after date of
original issue .
1,266,750
377,300
Totals
55
12,730
11,083,878
Less ceased — Employees—
By termination of employment —
1
2,279
29
1
1,000
1,475,050
By death
29,500
By disability
1.500
2,310
1,507,050
At end of 1920
55
10.420
9.576.828
STATEMENT OF ACTUARIAL LIABILITIES.
Assurance SEcmoN.
Class of Contract.
Gross in force.
Reinsured in Companies
licensed in Canada.
Number.
Amount.
Reserve.
Amount.
Reserve.
Ordinary with Profits —
Life
136, 178
92,689
1,408
$ cts.
275,990,823 61
164,476,019 85
3,6.59,966 20
2,998,730 38
$ cts.
40,178,475 60
37,628,165 61
101,319 87
1,933,730 56
239, 194 55
$ cts.
593,968 00
85,262 50
23,500 00
$ cts.
118,021 55
Endowment
20,407 75
Term, etc
601 00
Bonus addition
Return premium additions. . .
1.598,639 13
Additional Reserve Com-
bined Accident Policies.. .
95 89
480 22
9,773 14
6,614 00
Additional reserve to cover
loans in excess of reserve . . .
Special reserve Japanese busi-
ness
Additional reserve for waiver
of premiums on Disability
Claims
Totals
230,275
448,724,179 17
80,097,849 44
702,730 50
139,030 30
Ordinary without Profits —
Life
9,363
2,806
706
20,902,357 44
5,125,295 23
2,285,366 00
4,629,789 55
1,633,151 52
21,321 91
1,436 00
47,636 00
292,550 00
29,500 00
11,000 00
51,399 00
Endowment
9.207 00
Term, etc
98 00
Additional reserve for waiver
of premiums on Disability
Claims
Assessment (Home Life)
74
96,464 00
'
Totals
12,949
28,409.482 67
6.333,334 98
333,050 00
60,704 00
Thrift without Profits^
Life
3,182
3.015
6
539,-592 39
424,683 44
2,250 00
196,943 31
371,588 45
219 67
Endowment
Term, etc
Totals
6,203
966, 525 83
568,751 43
Grand Totals
249,427
478,100,187 67
86,999,935 85
1,035,780 50
199.734 30
396
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
ScN Life — Continued.
STATEMENT OF ACTUARIAL LIABILITIES.— Concluded.
Group Section
Gross in Force.
Number.
Amount.
Reserve.
With Profits-
Term, etc
17
(10)
$
2,315,650
(1,133,150)
S
12,263
2,004
Amount of insurance included with premiums less than 102-5
p.c. of Om (5) 3? p.c. net premium, and additional pre-
mium thereon
Totals
17
2,315,650
14,267
Without Profits—
Term , etc
38
(29)
7,261,178
(3,967,028)
37,242
Amount of insurance included with premiums less
than 102-5 p.c. of Om (5) 3| p.c. net premium, and ad-
ditional premium thereon
12,877
Totals
38
7,261,178
50,119
Grand Tota's
55
9,576,828
64,386
Annuity Skction.
Class of Annuity.
Gross in Force.
Number
Amount.
Reserve.
Without Profits: —
Life Annuities Proper
Supplementary Contracts. —
Involving Life Contingencies
Not involving Life Contingencies
Disability Annuities
Totals
6,506
73
153
13
$ cts.
1,752,786 75
17,205 35
30,746 07
1,600 00
$ cts.
15,054,982 77
286,028 61
365,112 09
15,032 00
6,745
1,802,338 17
15,721,155 47
SUMMARY OF RESERVE,
With Without
Profits. Profits. Total.
Total reserve, policy and annuity contracts $80, 112, 116 44 $22,673,360 88 $102,785,477 32
Total reserve on reinsured contracts 139, 030 30 60, 704 00 199, 734 30
Total net reserve on the Company's basis of valuation
(carried in the liabilities) $79,973,086 14 $22,612,656 88 $102,585,743 02
Deduction therefrom permitted under Section 43 (3),
Insurance Act, 1917 (none made) (2,003,509 00)
Net Reserve estimated on the Statutory basis (with-
out deduction) $101,542,843 56
Reserve maintained by the Company in exfest of
statutory reserve " 1,042,899 46
LIFE INSURANCE COMPANIES 397
SESSIONAL PAPER No. 8
Sun liiFK— Continued.
MISCELLANEOUS STATEMENT.
I. Calculation of (he "Reserve,'' in the "Statement of Actuarial Liabilities" . —
i' (1) Assurance policies were classified for valuation according to mode of participation in profits, and
further subdivided into plan, year of issue and age at entry. The age nearest birthday at entrance and
medial duration were used in the valuation; prior to October 1st, 1914 the age next birthday was used in
determining the premium, but since that date the age nearest birthday has been used. Reserves were
based on the Om (5) Table of Mortality with Sj per cent interest for all policies issued prior to January
1st, 1903, and .3 per cent for all policies issued on or after that date,
Annuity policies were classified according to plan and attained age at December 31st, 1920. The
attained age on this date was ascertained by deducting the year of birth from the current calendar year,
and adding six months. The age used in determining the gross premium was the age last birthday, allow-
ance iDeing made for half years of age. The reserves were based on the British Offices Select Life Annuity
Tables O (am) and O (af) with 85 per cent interest, select annuity values being used when the duration was
less than five years.
Special Classes —
(a) Under Tropical Life and Limited Payment Life policies on the Reserve Dividend plan issued since
1900 the reserves held are practically according to the American Tropical Table. Under Endowments
and other plans, the ordinary Om (5) reserves are set aside.
(6) Policies issued with premiums corresponding to ages higher than the true ages were valued at the
rated up ages.
(c) Policies issued subject to a lien were valued as if the full amount were payable without any de-
duction.
{d) Extra premiums are charged for occupational hazards only, and are payable annually. The extra
is disregarded in valuation.
(e) Policies are issued on substandard lives either subject to an extra premium or at a rated-up age,
or subject to a lien.
(/) The benefits under policies providing for disability benefits and issued prior to January 1st, 1918
consist of waiver of premium and payment of the sum assured in 20 equal annual instalments in case of
total and permanent disability before attaining age 60. Before occurrence of disability, the additional
reserve was taken to be half of the extra premium for the disability benefit. After occurrence of disability,
if the waiver of premium benefit has been selected, an extra reserve is set aside of the present value of the
future premiums according to a table of disabled lives. (Transactions of the Actuarial Society of America,
Volume 12). Where the instalment benefit has been selected the policy is cancelled and the present value
of the instalment certain at 31 per cent is set aside as a reserve.
Policies issued in Canada and the United States on and after January 1, 1918, provide for waiver
of premium and annuity of 10 per cent of the sum assured in case of total and permanent disability before
age 60. The extra reserve before occurrence of disability is based on tables formed by combining the Om
(5) Table of Mortality with the Table of Disabled Lives. (T.A.S.A. Volume 12). After occurrence of
disability, and extra reserve is set aside consisting of the value of the annuity of 10 per cent of the sum
assured and of the future premiums waived, according to a table of disabled lives.
(g) Annuities on underaverage lives are valued without reference to the life being underaverage.
(2) Items of Special Reserve.
(a) No extra reserve is maintained under limited payment and single premium policies or immediate
annuities on account of prepaid or limited loadings as the excess of interest earned over the valuation rate
is considered ample provision.
(b) Additional reserve is held to provide for cash values in excess of the net premium reserve on the
basis of valuation employed.
(c) The Company's automatic non-forfeiture provision takes efTect at the end of the second policy
year. No reserve is maintained to cover the option of reinstatement of policies which have lapsed before
the end of the second policj' year.
(d) No reserve is held to cover the option of renewal under Term policies.
(e) No reserve is held to cover the option of conversion under Term policies.
II. With reference to the Special classes in 1. (1) (a) to (f) the guaranteed values are the same as those
inserted in the corresponding policy without extra premium or lien, but in the case of policies issued at a
premium corresponding to an age higher than the true age, the guarantees are those for such higher age.
III. The average rate of interest earned during the year on the net invested ledger assets was 5-76 per
cent.
IV. Distribution of Surplus.
(a) Policyholders receive 95 per cent of the distributive share of the surplus derived from participating
policies, and the shareholders 5 per cent. The shareholders are entitled to the full surplus derived from
the non-participating business.
(b) Method by which the Dividends to Policyholders have been Computed. Policies at Northern
Rates.
Annual and Fire Year Dividend Policies.
The methods of allotting profits to Annual and Five Year Dividend policies is a modification of the
Contribution plan. The profit derived from interest is distributed in proportion to the reserves on the
policies, and the profit from other sources in proportion to the loadings on the net premiums.
The basis on which profits were allotted to policies becoming entitled thereto in the year 1920, wa3
as follows: —
Loading — The excess over the Om (5) 3^ per cent premiums.
Reserves— Om (5) 3| %
398
DEPARTMENT OF INSVRAJfCE
11 GEORGE V, A. 1921
Sun Life — Continued.
MISCELLANEOUS STATEMENT— Con/mued.
Annual Dividend Policies.
Annual Dividend policies issued prior to January 1, 1914, received no profits for the first year, but the
first dividend was declared at the end of the second policy year. Policies issued on and after that date
received a dividend at the end of the first policy year, taking eflfect upon the payment of the second year's
premium.
Percentage of Loading
Loading Profit — First Subsequent
Division. Divisions-
Ordinary Life Policies and Policies with more than 20 premiums 37J 42J
20 Payment Life & Endowment Policies 35 40
15 Payment Life & Endowment Policies 30 35
10 Payment Life & Endowment Policies 25 30
Interest Profit. 9/10% on the Resen^e at the end of the preceding year.
Five Year Dividend Policies. Percentage
Loading Profit — of
Loading.
Ordinary' Life Policies 59
20 Payment Life & Endowment Policies (and longer Term) 53-5
15 Payment Life & Endowment Policies 48-5
10 Payment Life & Endowment Policies 43-5
Interest Profit. — First quinquennium 1-24 per cent per annum on the Om (5) Z\ per cent reserve at the
end of the second policy j'ear, making 6-2 per cent for a full five year period. Second and subsequent
quinquennia 1-24 per cent per annum on the Om fo) 3^ per cent reser\'e at the end of the two years previous,
i.e. at the end of the 8th, 13th, 18th, etc. years, making 6-2 per cent for a full five year period.
Policies at Tropical and Subtropical Rates.
The basis on which profits were allotted to these policies in the year 1920 was as follows: —
Loading. The excess over specially calculated premiums based on Tropical and Subtropical tables
of mortality, with 3f% interest, with a varying constant according to plan. The Tropical Table used is
the Jones American Tropical Table as given in the Transactions of the Actuarial Society of America,
Volume 4, and the Subtropical Table has been constructed from the mean qxof the Jones American Tropical
Table and the Hm. Table.
Annual Dividend Policies.
Percentage of Loading.
Loading Profit — First Subsfquenl
Division Divisions
Ordinary Life Policies and Policies with more than 20 premiums 30 35
20 Payment Life and Endowment Policies 27| 32|
15 Payment Life and Endowment Policies 25 30
10 Payment Life and Endowment Policies 22^ 27|
Interest Profit. — 9-10% on the Reserve at the end of the preceding year.
Five Year Dimdend Policies. Percentage
Loading Profit — of Loading.
Ordinary Life Policies and Policies with more than 20 premiums 54-5
20 Payment Life and Endowment Policies 49
15 Payment Life and Endowment Policies 45-5
10 Payment Life and Endowment Policies 42
Interest Profit — Calculated in the same way as in the case of policies at northern rates.
Reserve Dividend Policies.
The method adopted for recording the accumulations and distributing the profits to Reserve Divi-
dend policies (with dividend periods of ten years or longer) is as follows: —
Reserve Dividend assurances are treated as a separate group by themselves, or in fact, practically
a sub-company within the company. They are credited with all premiums received under Reserve
Dividend policies, all interest or profits earned on their accumulations, and are debited with the actual
expense connected with their policies, ascertained as accurately as possible, the actual death claims,
surrender values and other payments made under such policies. Account is thus kept of the amount of
the Company's funds contributed by the Reserve Dividend policies.
In order to ascertain the accumulation of individual policies tables of values designated Standard
Asset Shares, have been prepared for the various plans of assurance and ages at entry on a basis corre-
sponding very closely with the Company's past experience as regards expenses, mortality, lapses, interest,
etc. These tables, in other words, show the approximate share of each individual policy in the assets
of the Company, according to the length of time it has been in force.
LIFE INSURANCE COMPANIES
399
SESSIONAL PAPER No. 8
Sun Life — Continued.
MISCELLANEOUS STATEMENT— Conciwied.
The sum-total of the Standard Asset Shares for all Reserve Dividend policies is then obtained by
multiplying the sums assured as grouped for valuation purposes, by the proper Standard Asset Shares.
This total thus represents the amount of funds the Company should have in hand in order to pay its
Reserve Dividend Policies the amount which would be coming to them at the end of their respective
Reserve Dividend periods, on the basis of the Standard Asset Shares. The total of the actual funds at
the credit of Reserve Dividend policies is then compared with the total of the Standard Asset Shares,
and this comparison shows whether maturing Reserve Dividend policies should receive larger or smaller
amounts than the final Standard Asset Shares. By means of this comparison the basis for the settle-
ment of maturing Reserve Dividend policies is decided upon.
The dividends paid in 1920 are in the case of policies issued prior to the 31st December, 1899, the
excess of the total cash settlement over the Om (5) Sj p.c. reserve, and in the case of policies issued since
that date, over the higher special reserve voluntarily guaranteed and held by the Company against such
Deferred Dividend policies. The amount of profits contingently apportioned or credited to Reserve
Dividend policies has been arrived at, by following the method given above.
Conversion of Dividends into Paid-up Assurance, etc.
In the case of Five Year and Annual Dividend policies the reversionary bonus addition is the amount
of paid-up assurance which the cash profits will purchase according to the Om (5) table with 3 per cent
interest, for policies at northern rates, and according to the tropical or subtropical tables mentioned above
with 3 per cent interest where the policies have been issued at tropical or subtropical rates. The tempor-
ary reduction on Five Year Dividend policies is in all cases the annuity which the cash profit will purchase
according to the Om (5) table with 3^ per cent interest.
The surrender value allowed for reversionary bonus additions is 95 per cent of the reserve on the
Om (5) table, or the equivalent cash profits originally allotted, whichever is greater. In the case of
Reserve Dividend policies at northern rates the bonus addition or premium reduction (for Life or Limited
Term) is the amount of paid-up assurance or annuity which the Reserve Dividend profits will purchase
according to the Om (5) table with 3J per cent interest. For policies at tropical or subtropical rates,
the bonus addition is based on the tropical or subtropical table.
DEFERRED DIVIDEND POLICIES.
Issued prior to January 1, 1911, and Amount of Profits contingently apportioned thereto.
Year
of
Issue.
1889..
1891..
1892. .
1893..
1894..
1895..
1896..
1897..
1898..
1899..
1900. .
Net
Amount
in Force.
5,000
10,000
25,000
25,500
30,119
28,670
99,247
133,985
127,074
215,687
316,613
Profits
Contingently
Apportioned.
S 923 12
981 73
3,219 53
2,720 76
2,506 21
4,348 14
9,115 31
14,809 21
11,288 07
22,697 89
11,799 01
Year
of
Issue.
1901..
1902..
1903..
1904..
1905. .
1906..
1907..
1908..
1109..
1910..
Net
Profits
Amount
Contingently
in Force.
Apportioned.
2,109,626
$ 123,783 25
3,012,844
221,977 19
3,718,250
222,275 43
4,478,042
241,800 62
4,543,879
186,405 05
4,261,023
166,328 31
4,762,941
161,482 39
5,638,604
167,806 90
6,304,209
135,743 79
6,811,475
93,385 08
Totals $ 46,657,788 $ 1,805,396 99
Issued subsequent to January 1, 1911, and Amount of Profits credited thereto.
Year of
Issue.
Net Amount
in Force.
1911 $ 7,418,093
1912 8,149,894
1913 8,828,775
1914 8,795,539
1?15 9,273,017
1916 10,200,347
Profits
Credited.
; 74,922 89
33,568 86
4,181 40
Nil.
Nil.
Nil.
Year of
Issue.
Net Amount
in Force.
1917 $ 11,380,755
1918 13,828,168
1919 28,063,965
1920 34,954,513
Profits
Credited.
5 Nil.
Nil.
Nil.
• Nil.
$ 140,893,066 $ 112,673 15
400 DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
Sun Life — Continued.
Actual Cost,
Real Estate — Schedule A. Book and
Department's
Alberta — Value.
Claresholm , one parcel $ 862 94
Okotoks, one parcel 5,510 83
Rural property, one parcel 958 56
British Columbia —
Kainloops, one parcel 2,000 00
New Westminster. 881 and 883 Columbia St., and 882 and 884 Remage St 14,208 76
New Wfstmin.<f(T, XW. corner Queens Ave. and 3rd St 16,489 67
Xew We.'jtminstfr, three other parcels 11,853 64
North Vancouver, one parcel 1 , 067 12
Prince Rupert, one parcel 5,294 52
South Vancouver, three parcels 6, 294 83
Steveston, two parcels 12,500 00
Vancouver, N W. corner Pendrell and Chilco Sts 20, 852 60
Lots 30. 31 and 32. Blk. 16, Dt. lot 196, map 184 100,000 00
SW. corner Gore and Hastings Sts 250, 000 00
" Lots 6 and 7, Blk. 15. Subd. C, Dt. lot 183, Grp. 1 17,055 18
Lot 11, Blk. 10, Subd. 196, Grp. 1, map 184 91,489 44
" SW. corner Hastings and Howe Sts 88, 318 71
Comer Woodland Drive and Albert St 39,212 22
" Twenty-five other parcels, none exceeding $10,100 128, 144 08
Victoria, five parcels, none exceeding .$9,100 30,280 89
Rural Property, SW. i, 29-13, Dist. New Westminster 14,583 76
E. i Sec. 34, NE. i Sec. 27, W. ^ of NW. i of SW. J Sec. 35, Twp. 9,
ma-5 936 45,436 89
" Lots 1, 2, 4 to 16 incl. and 19 to .32 inch. Sec. 11, Blk. 4, north R. 5W.,
map 1433 29,000 00
Lots 7 and 8, N. i of lot 80, Grp. 1, map 719 17,061 73
Pt. Sees. 8 and 5, Blk. 5, north R. 2W 18,322 64
Seventeen other parcels, each under $10.000 70, 787 91
Manitoba —
W^innipeg, one parcel 7 , 636 09
Rural property, one parcel 541 34
Ontario —
Hamilton, building comer James and Main Sts 308, 144 09
Hamilton , one other parcel 4, 824 10
Ottawa, building. Sparks St '. 88,781 79
Toronto, building, XW. corner Adelaide and Victoria Sts 426,326 20
Rural property, Twp. of Scarboro, lot 29. Con. C 35, 171 58
Co. of York, lots 2, 3 and 4, Con. D 16, 198 45
Quebec —
Montreal, Dominion Square property, Metcalfe and Mansfield Sts 292, 116 22
1049 to 1063, St. Catherine East 30, 100 88
" NW. corner Dorchester and Mansfield Sts 123,790 11
" Pt. lot 148, Village Hochelaga, Frontenac and Iberville Sts 155,757 15
" New Head Office building, corner Dorchester and Metcalfe Sts 2, 557, 413 68
142 Notre Dame West 192,313 97
1272 to 1284 St. Lawrence Blvd 56, 712 30
" SW. comer Notre Dame and St. John Sts 68,347 26
" Two other parcels 5,011 01
Sherbrooke, SW. corner Market and Factory^ts 78, 372 78
We-stmount, lots 7, 8,9, 10 and 11 of lot 1434, Parish Montreal :..;.... 21,011 03
Westmount, lots 213 to 219 and 353 of 282, 56 Upper Bellevue Ave 71,056 38
Rural property, one parcel 48 75
Saskatchewan —
Prince AlVjert, two parcels 6, 003 26
Weybum, corner Coteau and 2nd Sts 5, 364 15
Rural property, fifteen parcels, each under $6,600 27, 541 64
India — Bombay, Company's building 95, 187 15
South America— Lima., Peru, 3rd Blk., 320 Gironde Ayacucho 69.106 66
$ 5,780,464 94
Less credit Profit and Loss account 122,216 32
$ 5,658,248 62
Schedule B. ■
Loans secured by Bonds, Stocks, or other Marketable
Collaterals —
95 shares Western Railways & Light Company Preferred
Stock
Mexican Northem Power Company 6 p.c. "Prior Lien"
Bonds, due 1944 969, 000 00
Mexican Electric Light Company 5 p.c. Bonds, due 1935
National Brick Company of Laprairie 6 p.c. Bonds, due
1951
Par
Value.
Department's
Value.
Amount
Loaned.
9,. 500 00
$ 5,700 00
$ 2,459 33
169,000 00
1,000 00
1,000 00
581,400 00
430 001
510 OOJ
387.500 00
250 00
$ 980,500 00 $ 588,040 00 S 390,209 33
LIFE INSURANCE COMPANIES
401
SESSIONAL PAPER No. 8
Sun Life — Continued.
Schedule C.
*Bonds and Debentures —
(Canadian Dollars.) Par Book Department's
Governments — Value. Value. Value.
Canorfa— Victory Loan $18,378,550 00 $18,043,131 59 $18,043,131 59
War Loan 1,100 00. 1,026 39 1,026 39
Provinces of Canada —
Alberta— Debentures 1,460 00 1,422 80 1,422 80
British Columbia— Debentures 45 , 000 00 34 , 933 36 34 , 933 36
Manitoba— Debentures 161,000 00 143,008 07 135,659 41
Registered stock 24,333 33 16,790 00 16,790 00
New Brunswick— Debentures 2, 000 00 2, 000 00 1 , 880 00
Ontario— Debentures 25,000 00 22,770 63 21,750 00
Saskatchewan— Bonds 109,733 32 105,440 13 105,440 13
Debentures 486 66 413 38 413 38
Registered stock 14,599 99 10,344 66 10,344 66
Other Governments in British Em.pire —
Newfoundland— Bonds 625.000 00 625.767 00 625.767 00
Inscribed stock 72,000 00 67,73103 60,617 70
fjtflQT (jfoV6T7l7n&Tlts
Argentine-Internal Gold Loan 37 , 947 00 25 , 262 42 25 , 262 42
Cuba— Treasury Bills 9,000 00 8,247 48 8,247 48
France— External Gold Loan 8,000 00 8,832 38 8,832 38
Japan— Sterling Bonds 783,096 00 648,115 89 643,746 89
Philippine Islands— Bonds 27,000 00 25,676 42 25,676 42
Porto Rico— Registered Bonds 10, 000 00 10, 159 23 10, 200 00
Russia— Credit Loan 500,000 00 225,000 00 • 70,000 00
External Loan 300,000 00 134,980 24 48,000 00
United States of America— Liberty Loan 20,500 00 19,679 13 19.679 13
$21,155,806 30 $20,180,732 23 $19,918,821 14
Cities —
Calgary $ 91,519 94 $ 76,064 52 $ 76,064.52
Edmonton 30,000 00 26,670 78 26,670 78
Lethbridge 80,299 99 66,33173 66,405 95
Macleod 35,000 00 30,817 48 30,550 00
Medicine Hat 62,766 84 56,787 25 56,928 23
British Columbia—
ChiUiwack 77,882 29 69,150 83 65,074 64
Enderby 33,000 00 29,436 98 31,110 00
Grand Forks 7,500 00 7,147 85 6,850 00
Greenwood 24,823 23 24,507 05 23,866 77
Kamloops 49,500 00 49,189 51 43,755 00
Kelowna 17,000 00 16,409 86 16,660 00
New Westminster 79,000 00 79,000 00 69,220 00
North Vancouver 30,000 00 25,277 06 25,277 06
Rossland 32,500 00 32,798 05 30,480 00
Vancouver 43,973 33 40,586 43 41,244 62
Vernon 52,000 00 50,318 57 47,038 62
Victoria 65,000 00 61,19101 61,19101
Manitoba —
Brandon 60,000 00 56,238 30 56,04103
St. Boniface 140,000 00 130,660 93 130,562 87
Winnipeg 356.286 63 277.99138 277,520 43
New Brunswick— Moncton 58,000 00 46,110 65 46,110 65
Nova Scotia— Ualiia.x 23,000 00 17,998 89 17,998 89
Ontario —
Fort William 176,479 97 157,503 25 157.56103
Port Arthur 37, 166 65 34, 099 75 34, 098 59
Toronto 101,000 00 94,010 15 93,850 00
Quebec—
Lachine 1,000 00 85136 85136
Maisonneuve 86,000 00 82,375 60 77,384 70
Montreal 479,914 87 369,860 34 369,090 48
Quebec 8,760 00 7,007 41 7,007 41
Verdun 100,000 00 84,874 66 84,874 66
Westmount 11,000 00 8,604 99 8,604 99
Saskatchewan —
Moose Jaw 142,353 33 122.748 74 122.908 99
Regina 46.60101 43.297 83 43,552 99
Saskatoon 82,966 66 68,840 08 68,840 08
Cw6a— Havana 22,500 00 23,619 76 23,400 00
$ 2,744,794 74 $ 2,368,379 03 $ 2,338,646 35
* Of which are on deposit with Receiver Generalr^City of New Westminster, $29,000;
City of Vancouver, $30,000; Town of St. Jerome. $5,000.
8—26*
402
DEPARTMENT OF INSVRAyCE
Sun Life — Continued. '
Shcedule C — Continued.
Bonds and Debentures — Continued —
Towns — Par Book
Alberta — Value. Value.
Blairmore $ 12,294 60 $ 10,928 15
Ten other towns, par value for each
under $9,100 59,207 33 54,592 96
Britkh Columbia— Sa.\inon Arm 6, 000 00 5, 342 73
Manitoba —
Portage la Prairie 25,000 00 21,69132
Selkirk 25,000 00 19,917 89
Three other towns, par value for each
under $8,900 19, 316 93 18, 173 69
Noia Scotia— Amherst 30, 000 00 24, 540 32
Ontario —
Kenora 16,000 00 15,549 15
Oshawa 50,410 95 46,530 18
Four other towns, par value for each
under $9,300 21,163 74 21,309 94
Quebec —
Aylmer 35,000 00 33,513 97
Beaconsfield 1.34,000 00 127,980 66
Dorv-al 231,000 00 196,917 37
La Tuque 65,000 00 56,77161
Mount Roval 316, 000 00 262, 633 89
St. Anne de Bellevue 1.35,000 00 112,005 24
St. Jerome 25,000 00 22,278 48
St. Rose 115,000 00 112,377 15
Sault au Recollet 50, 000 00 49, 524 29
Victoriaville 72,135 74 62,2.55 04
Five other towns, par value for each not
exceeding S13,000 40,464 86 35,859 74
Saska tchewan —
Biggar 16,000 00 12,929 18
Kindersley 16,. 563 61 14,503 92
Melfort 35,000 00 32,938 37
Melville 15,000 00 12,288 73
North Battleford 24,792 26 19,648 20
Thirteen other towns, par value for each
underS8,900 • 64,847 14 59,343 85
11 GEORGE V, A. 1921
Department's
Value.
$ 11,802 82
56,770 49
5,580 00
22,000 00
21,000 00
18,633 18
24,540 32
15,040 00
46,530 18
20,639 51
33,513 97
128,212 15
205,590 00
56,550 00
282,335 43
118,800 00
21,628 48
116, 150 00
55,500 00
64,200 81
34,896 32
13,760 00
15,341 98
32,938 37
12,300 00
20,577 58
60,649 68
S 1,655,197 16 S 1,462,346 02 $ 1,515,481 27
Villages —
^ftcrto— Chauvin S .540 00 .§ 506 16 S 523 80
Quebec —
Ste. Agathe des Monts 27,000 00 25,265 38 25,265 38
Four other villages, par value for each
under $9,100 23,950 62 23,704 94 22,646 57
Saskatchewan — Seven villages, par value
for each under $2,200 8,693 37 8,183 35 8,429 22
Townships, Districts or Municipalities —
British Columbia —
Bumaby $ 74, 000 00
Coldstream 27,500 00
Esquimalt 150, 000 00
Penticton 24, 000 00
Point Grey 360,939 99
Saanich 5, 000 00
Spallumcheen 47,000 00
Manitoba —
Argyle 37,000 00
Assiniboia 34, 074 16
Birtle 3,000 00
Brenda 12,000 00
Greater Winnipeg Water District 6, 278 00
Macdonald 17,000 00
Mineota 32,000 00
Pipestone 10,000 00
West Kildonan 25,000 00
Ontario— Nipigon 1,460 24
Quebec —
De Salaberry and Grandison 636 69
St. Madeleine de Rigaud (Parish) 28,422 31
$ 895,311 39
$ 60,183 99 $ 57,659 83 $ 56,864 97
59,866 43 $
59,735 42
22.977 35
22,977 35
131,831 43
123,000 00
22,729 44
22,812 68
305,798 91
305,798 91
4,772 46
4,772 46
44,386 01
42,310 00
31,822 43
31,822 43
31,672 20
31,672 20
2,560 09
2,560 09
10,320 79
10,320 79
5,065 66
5,065 66
14,480 20
14,480 20
27,521 04
27,521 04
8,345 93
8,345 93
21,165 21
21,165 21
1,423 90
1,489 44
667 83
630 32
28,422 31
28,422 31
$ 775,829 62 $ 764,902 44
LIFE INSURANCE COMPANIES 403
SESSIONAL PAPER No. 8
Sun Life — Continued .
Schedule C — Continued.
Bonds and Debentures — Continued —
Schools — Par
Alberta — Value.
Edmonton $ 14,733 39
Nelson 12,000 00
Fourteen other schools, par-value for
each not exceeding 16, 000 17,555 00
Manitoba— Zamek 450 00
Quebec —
Cote la Visitation R.C 100 000 00
Montreal 365,000 00
Montreal, R. C 68,000 00
Quebec 50,000 00
Quebec R.C 100,000 00
St. Charles Bas du Sault 84,000 00
St. Edouard 65,000 00
St. Gregoire Le Thaumaturge, R.C. . . 240,000 00
Verdun 50,000 00
Visitation 62,000 00
Youville, R.C 30,000 00
Four other schools, par value for each
not exceeding $15,000 36,017 26
Saskatchewan—
Saskatoon 50,000 00
Eighteen other schools, par value for
each under $5,400 16,835 59
$ 1,361,591 24
Railways —
Bloomington, Decatur and Champaign
R.R. (G'td, by Illinois Traction Co.)
1940, 5 p.c $ 890,000 00
Canadian Northern Ry., IstMtge. (G'teed
by Dom. of Canada) 1958, 3^ p.c 28,713 32
Canadian Northern Ry., 1st Mtge.
(G'teed by Manitoba) 1930, 4 p.c 21,899 99
Canadian Northern Ry. (G'teed by Dom.
of Canada) 1934,4 p.c 498,784 65
Canadian Northern Pacific Ry., 1st Mtge
G'teed by British Columbia) 1950, 4 p.c. 127,749 97
Canadian Northern Pacific Ry., 1st Mtge
(G'teed. by British Columbia) 1950
4|p.c 87,015 99
Canadian Northern Western Ry., 1st Mtg
(G'teed. by Albertaj 1942, 4^ p.c 25,000 00
Chicago, Ottawa and Peoria Ry., 1st
Mtge. (G'teed. by Illinois Traction Co.)
1937, 5 p.c 2,553,000 00
Danville and Eastern Illinois Ry. (G'teed.
by Illinois Traction Co.) 1927, 5 p.c 50,000 00
Danville, Urbana and Champaign Ry.
(G'teed by Illinois Traction Co.) 1938,
5 p.c 700,000 00
Glengarry and Stormont Ry., 1st Mtge.,
Series A, 1949, 5 p.c 575,000 00
Glengarry and Stormont Ry., 1st Mtge.,
Series B. (Interest G'teed. by C.P.R.)
1949, 5 p.c 250 000 00
Grand Trunk Pacific Rv., 1st Mtge.
(G'teed by Grand Trunk'Ry.) 1955, 4 p.c 20,412 00
Grand Trunk Pacific Ry., 2nd Mtge.,
Series A, (G'teed by Grand Trunk Ry.)
1955, 4 p.c 4,860 00 2,752,42 2,752,42
Grand Trunk Pacific Ry., 2nd Mtge.,
Series B. (G'teed by Grand Trunk Ry.)
1955, 4 p.c 28,188 00 15,964 04 15,964 04
Grand Trunk Pacific Ry. (G'teed by
Dom. of Canada) 1962, 4 p.c 51,516 00 35,282 44 35,282 44
Grand Trunk Pacific Ry., 1st Mtge.
(G'teed by Dom. of Canada) 1962 3 p.c. 252,234 00 145,688 60 145,688 60
Illinois Central Traction Co. (G'teed by
Illinois Traction Co.) 1929, 5 p.c 1,000,000 00 846,180 00 880,020 00
Manitoba and South-Western Coloniza-
tion Ry., 1st Mtge. (Interest G'teed by
C.P.R.) 1934, 5 p.c 10,000 00 8,900 00 8,900 00
8— 26i*
Book
Value.
$ 13,260 07
11,040 06
Department's
Value.
$ 13,849 39
11,040 00
16,739 23
440 28
17,367 15
450 00
92,886 75
331,059 08
55,309 81
43,353 43
89,802 68
74,770 28
56,378 18
221,186 39
50,000 00
53,551 95
26, 192 83
99,000 00
329,955 62
55,309 81
43,353 43
89,802 68
74,770 28
56,378 18
226,250 00
50,000 00
53,551 95
25,800 00
34,642 11
34,664 27
50,000 00
50,000 00
16,680 29
17,447 41
$ 1,237,293 42
$ 1,248,990 17
$ 750,129 14
$ 756,500 00
19,596 84
19,596 84
16,845 15
16,845 15
422,255 28
422,255 28
79,527 63
79,527 63
64,071 81
64,071 81
19,314 24
19,314 24
2,170,050 00
2,170,050 00
42,500 00
42,500 00
588,250 00
595,000 00
517,500 00
460,000 00
225,000 00
200,000 00
14,028 17
14,028 17
404 DEPART.]fR\T OF IX^'^DRANCE
11 GEORGE V, A. 1921
Sun Life — Continued.
Schedule C — Continued.
Bonds and Debentures— Continued — Par Book Department's
/?aj7it'oj/s— Concluded. Value. Value. Value.
Munrie and Union City Traction Co., 1st
Mtge. (G'teed by Indiana Union Trac-
tion Co.) 1936, 5 p.c $ 20,000 00 S 18.000 00 % 11,000 00
Pacific Great Eastern Ry., 1st Mtge.
(G'teed by British Columbia) 1942,
4i p.c 75,67177 51,464 96 51.464 96
Porto Rico Railways Co., Ltd., 1st
Mtge. .S.F., 1936, 5 p.c 63,. 500 00 49,414 80 52,348 13
Porto Rico Railways Co., Ltd., Ref.
Gen. Mtge., 1962, 5 p.c .326,066 65 246,843 39 255,3.35 72
St. Louis Electric Terminal Ry. (G'teed
by Illinois Traction Co.) 1929, 5 p.c 1,724,000 00 1,. 551, 600 00 1,465,400 00
St. Louis, Springfield and Peoria Ry.
(G*teed by Illinois Traction Co.) 1939,
5 p.c 2,783,000 00 2,363,61170 2, 365,. 550 00
Windsor and Tecumseh Electric Ry., 1st
Mtge. (G'teed by Detroit United Ry.)
1927, 5 p.c 50,000 00 46,500 00 46,500 00
Youngstown and Suburban Ry., 1st. Mtge.
1936, 5 p.c 75,000 00 65,625 00 59,250 00
$12,291,612 34 $10,376,895 61 $10,255,145 43
Miscellaneous —
Abitibi Power and Paper Co., Ltd.. 1940,
6 p.c $ 750,000 00 % 654,690 00 $ 6.54,690 00
American Telephone and Telegraph Co.,
1946, 5 p.c 1 , 000 00 880 50 880 50
Asbestos Corpn. of Canada, Ltd., 1st.
Mtge. S.F., 1942, 5 p.c 105,000 00 79.159 63 77,284 63
J. H. Ashdown Hardware Co., Ltd., 1st
Mtge., 1928, 5 p.c 25,000 00 22,500 00 23,250 00
Barcelona Traction. Light and Power Co.
Ltd., 1st. Mtge., 1974. 5 p.c 969,440 00 785.996 00 475,025 60
Barcelona Traction, Light and Power Co.,
Ltd., 1965, 7 p.c 316,. 333 33 296,716 80 325,823 33
Barcelona Traction, Light and Power Co.,
Ltd., 51 p.c 211,026 80 58,165 60 58.165 60
Bell Telephone Co. of Canada, Ltd., 1st
Mtge, 1925. 5 p.c 50,000 00 49,500 00 49,500 00
Bloomington and Normal Railway and
Light Co., 1st and Gen. Mtge. (g'teed.
by Illinois Traction Co.), 1928, 5 p.c. 47,000 00 41,220 00 39,9.50 00
Bloomington and Normal Railway and
Light Co. ("g'teed by Illinois Traction
Co.). 1925, 8 p.c 93,000 00 88,350 00 88,350 00
P. Burns & Co., Ltd., 1st and Ref. Mtge.,
1931, 6 p.c 17,000 00 16,830 00 17,000 00
Canada Bread Co.. Ltd., 1st Mtge. S.F..
1941, 6 p.c 125,000 00 112,500 00 118,750 00
Canada Cement Co., Ltd., 1st Mtge., 1929
6 p.c 500 00 465 19 490 00
Canada Machinery Corpn. Ltd.. 1st Mtge.
1940,6p.c 5,000 00 3,25000 4,0.50 00
CanadaSteamshipLines, Ltd.,1943, 5p.c. 426,103 29 331,587 98 331,587 98
Canadian Consolidated Rubber Co.. Ltd.,
1946,6p.c 73,800 00 69,527 75 69,527 75
Canadian Cottons Ltd., 1st and Ref.
Mtge., 1940, 5 p.c 635,899 95 ,538,946 23 542,67123
Canadian Light and Power Co., 1st Mtge.,
1949, 5 p.c 110,000 00 83,876 48 60,500 00
Canadian Locomotive Co., Ltd.. 1st
Mtge., 1951, 6 p.c 2.000 00 1,8.50 00 1,8-50 00
Canadian Realty Corpn., Ltd., 1st Mtge.,
1949, 6 p.c 120,000 00 120,000 00 120,000 00
Cairo Railway and Light Co. (g'teed by
Illinois Traction Co.), 1938, 5 p.c 220,000 00 198,000 00 184,800 00
Calgary Power Co., Ltd., 1st Mtge., 1940,
5 p.c 184,933 32 154,282 03 147,946 66
Cedar Rapids Manufacturing and Power
Co., 1st Mtge. S.F., 19.53, 5 p.c 1,149,400 00 9.33,919 40 1,041.2.54 00
LIFE INSURANCE COMPANIES 405
SESSIONAL PAPER No. 8 j
Sun Life — Continued.
Schedule C — Continued.
Bonds and Debentures — Continued —
Miscellaneous — Continued. Par Book Department's
Clinton Gas and Electric Co., Ltd., 1st Value. Value. Value.
Mtge. (g'teed by Illinois Traction Co.)
1937, 5p.c $ 25,000 00 $ 22,500 00 $ 24,250 00
Oompania Agricole Carabayllo, 1st Mtge.
1935, 7 p.c .; 30,000 00 29,979 45 29,979 45
Consumers Water and Light Co., 1st and
Ref. Mtge. (g'teed by Illinois Traction
Co.), 1938, 5 p.c 75,000 00 64,765 00 63,750 00
Danville, Champaign and Decatur Rail-
way and Light Co. (G'teed by Illinois
Traction Co.), 1938, 5 p.c 240,000 00 210,71100 204,000 00
Danville, Champaign and Decatur Rail-
way and Light Co. (g'teed by Illinois
Traction Co.), 1925, 8 p.c 222,000 00 210,900 00 210,900 00
Des Moines Electric Co., 1st Mtge. S.F.
(g'teed by Illinois Traction Co.), 1938,
5 p.c 14,000 00 12,025 71 12,025 71
Des Moines and Central Iowa Electric Co.
(g'teed by Illinois Traction Co.), 1937,
5 p.c 432,000 00 380,300 00 380,300 00
Des Moines and Central Iowa Electric Co.
(g'teed by Illinois Traction Co.), 1937,
6 p.c 45,000 00 38,700 00 38,700 00
Des Moines and Central Iowa Electric Co.
(g'teed by Illinois Traction Co.), 1925,
8 p.c 88,000 00 83,600 00 83,600 00
Dominion Cotton Mills Co., Ltd., 1st
Mtge., 1922, 6 p.c 229,000 00 223,275 00 229,000 00
Dominion Glass Co., Ltd., 1st Mtge. S.F.,
1933, 6 p.c 437,500 00 437,275 0,0 424,420 00
Dominion Iron and Steel Co., Ltd., 1st
Mtge. S.F,, 1929, 5 p.c 43,000 00 36,989 00 36,989 00
Dominion Iron and Steel Co., Ltd., 1939,
5 p.c 425,346 55 333,012 70 333,012 70
Dominion Textile Co., Ltd., 1925, 6 p.c. 34,000 00 33,235 00 32,980 00
Donnacona Paper Co., Ltd., 1st Mtge.
S.F., 1940, 6p.c 100,000 00 93,000 00 93,000 00
Duluth Street Ry., 1st Mtge. (g'teed by
Duluth-Superior Traction Co.), 1930,
5 p.c 50,000 00 46,250 00 40,000 00
Drummond Apartment Bldgs., 1st
Mtge., 1929, 6i p.c 100,000 00 98,230 00 98,230 00
Eastern Car Co., Ltd., 1st Mtge. S.F.
(g'teed by Nova Scotia Steel and Coal
Co.), 1952, 6 p.c 25,000 00 24,250 00 24,000 00
ElectricPower Co., Ltd., 1920, 6p.c 6,000 00 5,100 00 5,100 00
Essex Border Utilities Commission, 1944
to 1948, 6 p.c 31,000 00 27,017 86 27,017 86
Fraser Companies, Ltd., 1st Mtge., 1929,
6 p.c 400,000 00 379,220 00 379,220 00
Galesburg Railway, Lighting & Power
Co. (g'teed by Western Rys. and Light
Co.), 1934, 5 p.c 283,500 00 239,703 44 239,703 44
Guantanamo Electric Co. 1st Mtge., 1946,
6 p.c 103,000 00 80,340 00 80,340 00
Hamilton Street Ry., 1st Mtge., 1928,
4ip.c 7,000 00 6,300 00 6,440 00
Harris Abattoir Co., Ltd., 1st Mtge. S.F.,
1928, 6 p.c 180,000 00 175,625 00 175,925 00
Hawkesbury Electric Light and Power
Co., 2nd Mtge., 1923, 7 p.c 60,000 00 54,900 00 54.900 00
Hydro Electric Power Comm. of Ontario
(g'teed by Ontario), 1957, 4 p.c 150,000 00 104,269 02 104,269 02
Illinois Traction Co., 1941, 5 p.c 1,112,000 00 951,388 95 967,440 00
Illinois Traction Co., 1940, 5 p.c 3,000,000 00 2.566,696 83 2,593,874 93
Illinois Traction Co., 1942, 5 p.c 62,000 00 53,045 07 53,045 07
Indiana Service Corp., 1st Ref. Mtge.,
1950, 5 p.c 67,500 00 47,250 00 47,250 00
International Milling Co., 1st Mtge. S.F.,
1930, 6 p.c 2,000 00 1,924 80 1,924 80
International Transit Co., 1st Mtge.
(Principal g'teed by Algoma Steel
Corp.), 1922, 5 p.c 17,000 00 16,320 00 16,150 00
406
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
Sun Life — Continued
Schedule C — Continued.
Bonds and Debentures — Continued —
Miscellaneous — Continued.
International Transit Co. 1st Mtge. (Prin-
cipal g'teed by Algoma Steel Corp.).
1923, 5p.c..... $
Jacksonville llailway and Light Co., 1st
Cons. Mtge. (g'teed by Illinois Traction
Co.), 1931, op.c
Jefferson City Bridge and Transit Co.,
2nd Mtge. (g'teed by Illinois Traction
Co.), 1931, 6p.c
Jefferson City Light, Heat and Power
Co., 1st and Ref. Mtge. (g'teed by Illi-
nois Traction Co.), 1933, 5 p.c
Kaministiquia Power Co., Ltd., Ist Mtge.
1937, 5 p.c
Lake of the Woods Milling Co., Ltd., 1st
Mtge., 1923, 6 p.c
Laurentide Power Co., Ltd., 1st Mtge.,
1946. op.c
Levis County Ry., 1921, 7 p.c
Le'vis County Ry., 1st Mtge., 1927, 5 p.c.
Madison County Light and Power Co.,
1st Mtge. (g'teed by Illinois Traction
Co.), 1936. 5 p.c...
Madison County Light and Power Co.
(g'teed by Illinois Traction Co.), 1925,
8 p.c
Mattagami Pulp and Paper Co., Ltd., 1st
Mtge., 1937, 6 p.c
Merchants Realty Corp'n, Ltd., 1st Mtge.
1920 to 1949, 6 p.c
Mexican Electric Light Co., Ltd., 1st
Mtge. (g'teed bv Mexican Light and
Power Co.), 1935, 5 p.c
Mexican Light and Power Co., Ltd., 1st
Mtge., 1933, 5 p.c
Mexican Northern Power Co., Ltd., 1st
Mtge., 1939, 5 p.c
Mexican Northern Power Co., Ltd., 7 p.c.
Mississippi River Power Co., 1st Mtge.
S.F., 1951, 5 p.c
Montreal Abattoirs, Ltd., 2nd Mtge., 1939,
6 p.c
Montreal Abattoirs, Ltd., 1st Mtge., S.F.,
1939, 7 p.c
Montreal Light, Heat and Power Co.,
1933, 5 p.c
Montreal Light, Heat and Power Co., 1st
Mtge., 1932, 4| p.c
Montreal Tramways Co., 1st and Ref.
Mtge., 1941, 5 p.c
Montreal Water and Power Co., 1932, 4§
P-c
Mound City Light and Water Co., 1st
Mtge. (g'teed by Illinois Traction Co.),
1938, op.c
Nanaimo Electric Light, Power and
Heating Co., 1st Mtge., 1922, 7 p.c
National Brick Co. of Laprairie, Ltd.,
1st Mtge., 1951, 6 p.c
Newport News and Hampton Ry., Gas,
and Electric Co., 1st and Ref. Mtge.,
1944, 5 p.c
Northern Electric Co., Ltd., 1st Mtge.
S..F, 1939, 5 p.c ;
Northern Illinois Light and Traction Co.
(g'teed by Illinois Traction Co.), 1938,
5 p.c
Nova Scotia Steel and Coal Co., Ltd., 1st
Mtge., 1959, 5 p.c
Oskaloo.sa Light and Fuel Co., 1st Mtge.
(g'teed by Illinois Traction Co.), 1921,
5 p.c
Penmans, Ltd., 1st Mtge., 1026, 5 p.c
People's Traction Co., 1st Mtge. (g'teed
by Illinois Traction Co.), 1922, 5 p.c. .
Par
Value.
Book
Value.
Department's
Value.
; 12,500 00 S
12.000 00
$ 11,875 00
166,000 00
141,365 00
141,365 00
29,500 00
25,075 00
25,075 00
187,000 00
168,. 300 00
162.720 00
12,000 00
9,000 00
9,000 00
3,000 00
3,183 .52
3,090 00
250,000 00
450,900 00
454,300 00
212,500 00
450,900 00
2.58,525 41
225,000 00
450,900 00
254,709 74
103,000 00
90, 220 00
88,580 00
38,000 00
36, 100 00
36,100 00
200,000 00
170,000 00
170,000 00
.500,000 00
497,500 00
497,. 500 00
348,000 00
297,000 00
149.640 00
55,000' 00
48,508 75
26.950 00
728,000 00
15,000 00
299.642 53
15,000 00
87.360 00
15.000 00
604,000 00
498,451 00
4.59,040 00
237,500 00
173,023 76
173,023 76
300,000 00
270, 000 00
l,.535 00
270,000 00
9,000 00
8,550 00
2,000 00
1,900 00
1,840 00
45,000 00
36,724 00
36,724 00
93,926 63
69,438 04
69,438 64
118,000 00
101,896 95
100,300 00
26, 000 00
26,013 00
26,000 00
1.50.000 00
121,121 25
76,500 00
80,000 00
79,378 21
60,000 00
81,000 00
72,215 42
72,215 42
174,000 00
1.52. 100 00
152, 100 00
33,270 63
27,337 28
27.337 28
63,000 00
2.38,200 00
.53,. 5.50 00
207,797 50
.58.320 00
207,797 .50
20,000 00
17,270 67
17,200 00
LIFE INSURANCE COMPANIES 407
SESSIONAL PAPER No. 8
Sun Life — Continued.
Schedule C — Concluded.
Bonds and Debentures — Continued —
Miscellaneous — Concluded. Par Book Department's
Peoria Ry. Co. (g'teed by Illinois Trac- Value. Value. Value.
tionCo.), 1926, 5p.c $ 908,000 00 $ 794,833 20 $ 771,800 00
Price Bros, and Co., Ltd., 1st Mtge.,
1940, 5 p.c 291,123 98 235,864 35 247,977 47
Quebec, Montmorency and Charlevoix
Ry., 1st Mtge., 1923, 5 p.c 115,000 00 111,439 74 101,200 00
Quebec Railway, Light, Heat and Power
Co., Ltd., 1939, 5 p.c 390,000 00 298,500 00 276,900 00
Quincy Horse Railway and Carrying Co.
1st Cons. Mtge. (g'teed by Illinois
Traction Co.), 1923, 5 p.c 150,000 00 137,520 00 137.520 00
Quincy Railway Co. (g'teed by Illinois
Traction Co.), 1925, 8 p.c .52,000 00 49,400 00 49,400 00
A. E. Rea & Co., Ltd., 1922 to 1931,5 p.c 180,000 00 158,400 00 158,400 00
Riordon Pulp and Paper Co., Ltd., 1929,
6 p.c 250,000 00 232,500 00 232,500 00
Riordon Pulp and Paper Co., Ltd., 1st
Mtge. S.F., 1942, 6 p.c 29.600 00 29,165 84 29,165 84
Rio de Janeiro Tramway, Light and
Power Co., Ltd., 1st Mtge., 1935, 5 p.c. 280,700 00 260,085 63 236,291 23
Ritz-Carlton Hotel Co. of Montreal, Ltd.,
1st Mtge., 1942, 5 p.c 25,000 00 22,500 00 18.750 00
Ritz-Carlton Hotel Co. of Montreal, Ltd.,
2nd Mtge., 1943, 6 p.c. 6,250 00 3,125 00 3,125 00
St. Johns Electric Light Co., 1st Mtge.
(g'teed by Southern Canada Power Co.
Ltd.), 1933, 6 p.c 31,000 00 28,10000 28,10000
St. Lawrence Sugar Refineries Co., Ltd.,
1st Mtge. S.F., 19.32, 6 p.c 25,000 00 24,500 00 22,500 00
St. Louis Electric Bridge Co. (g'teed by
Illinois Traction Co.), 1929, 5 p.c 2,592,000 00 2,203,200 00 2,304,880 00
Sao Paulo Tramway, Light and Power
Co., Ltd., 1st Mtge., 1929, 5 p.c 212,000 00 185,427 98 185,427 98
Spanish River Pulp and Paper Mills, Ltd.,
1st Mtge. S. P.. 1921, 6 p.c 2.30,000 00 188,725 00 193,200 00
Steel Co. of Canada, Ltd., 1st Mtge., 1940,
6 p.c 127,993 33 114,423 22 122,939 89
Stormont Electric Light and Power Co.,
1st Mtge., 1923, 6 p.c 91,000 00 91,000 00 91,000 00
Suburban Rapid Transit Co., 1st Mtge.
(g'teed by Winnipeg Electric Ry. Co.),
1938, 5 p.c 35,000 00 32,375 00 31,. 500 00
Topeka Railway and Light Co. (g'teed
by Illinois Traction Co.), 1933, 5 p.c. . 1,000 00 850 00 850 00
Topeka Railway and Light Co. (g'teed
by Illinois Traction Co.), 1925, 8 p.c... 32,000 00 30,400 00 30,400 00
Toronto Harbour Commissioners, 1st
Mtge. (g'teed by Toronto), 1953, 4J p.c. 100,000 00 85,761 13 85,761 13
Toronto Paper Manufacturing Co., Ltd.,
1st Mtge., S.F., 1942, 6 p.c 5,000 00 4,370 00 4,370 00
United Grain Growers, Ltd., Isf Mtge.,
1940, 6 p.c 750,000 00 712,500 00 712,500 00
West Kootenay Power and Light Co.,
Ltd., 1st Mtge. S.F., 1940, 6 p.c 37,959 99 36,811 46 36,811 46
Western Canada Flour Mills Co., Ltd.,
1st and Ref. Mtge. S.F., 1931, 6 p.c 3,000 00 3,000 00 3,000 00
Western Power Co. of Canada, Ltd., 1st
Mtge. S.F., 1949, 5 p.c 250,-50000 186,435 66 150.300 00
Western Power Co. of Canada, Ltd.,
1926, 7 p.c 17,000 00 10,200 00 10,200 00
Western Railways and Light Co., 1925,
5 p.c 1,645,000 00 1,393,818 38 1.513,400 00
Whalen Pulp and Paper Mills, Ltd., 1st
Mtge. Ref., 1921 to 1934, 6 p.c 500,000 00 436,089 68 436,089 68
Wichita Railway and Light Co. (g'teed
by Illinois Traction Co.), 1932, 5 p.c. . . 300,000 00 255,000 00 2.55,000 00
Windsor Hotel Co.. 1st Mtge.. 1931, 4ip.c. 30,000 00 28,800 00 26,100 00
Winnipeg Electric Ry. Co., 1st Mtge..
1927, 5 p.c 1,000 00 1,077 24 950 00
Winnipeg Electric Ry. Co., 1st Ref. Mtge.
S.F., 1935, 5 p.c 17.000 00 14,625 00 14,445 00
$29,271,507 80 $24,782,708 82 $24,239,090 28
$69,436,004 96 $61,241,844 58 $60,337,942 05
408
DEPARTMEXT OF INSURANCE
11 GEORGE V, A. 1921
Sun Life — Continued.
ScHEDVLE C — Continiied.
Bonds and Debentures — Continued —
(Pounds Sterling.) Tar Book
Governments— Value. Value.
CanoAi— Bonds or Registered Stock £ 17,200 0 0 £ 11,662 10 8
Stock 153,800 0 0 109.495 6 10
Provinces of Canada — ■ "
Alberta— Registered Stock 1,500 0 0 1,227 19 0
Manitoba— Bonds 1,600 0 0 1,557 13 9
Debentures 300 0 0 265 10 7
New Brunswick— Registered Stk. 500 0 0 414 5 3
Nova Scotia —
Consolidated Stock 1,000 0 0 858 2 2
Debentures 5,200 0 0 3,868 15 4
Redeemable Stock 2,200 0 0 1,507 11 4
Ontario— Bonds 2,010 19 3 1,698 2 10
Quebec— Inscribed Stock 77,083 4 0 52,169 15 1
Registered Stock 16,000 0 0 13,239 12 7
Other Governments in British Empire — '"~~~— - — -
British War Loan 282,481 5 3 266,233 110
Barbados^Inscribed Stock 500 0 0 352 14 5
Hong Kong Inscribed Stock 1,300 0 0 930 5 6
India Stock 2,000 0 0 1,25114 2
Jamaica-Inscribed Stock 300 0 0 189 13 10
Mauritius— Inscribed Stock 2,000 0 0 1,603 18 9
Natal— Consolidated Stock 6,200 0 0 5,032 8 2
Inscribed StocTi 3,000 0 0 2,188 13 5
Newfoundland —
Bonds 17,400 0 0 11,720 7 10
Consolidated Inscribed Stock.. 10,900 0 0 7,660 6 10
Inscribed Stock. 1.400 0 0 908 10 3
Trinidad— Bonds 3,420 0 0 3,420 0 0
Other Gocernm,ents —
Japan— Sterling Bonds 15,000 0 0 10,688 11 10
£ 624,295 8 6 £ 510,145 12 3
Cities —
British Columbia —
Vancouver £ 54,200 0 0 £ 38, 197 16 10
Victoria 3,800 0 0 2,577 13 6
Manitoba- Winnipeg 7,700 0 0 6,092 10 10
Ontario —
Ottawa. 3,700 0 0 2,751 3 2
St. Catharines 1,000 0 0 902 18 9
Toronto 76,900 0 0 58,590 14 0
Quebec —
Maisonneuve 13,300 0 0 9,44G 1 3
Montreal 3,000 0 0 2,249 12 7
Quebec 9,400 0 0 8,624 7 6
Saskatchewan —
Regina 11,000 0 0 8,880 7 7
Saskatoon 400 0 0 346 13 5
Out of Canada —
Bradford, England
Cape Town, S. A
Hull, England
Johannesburg, S.A ,
Krugersdorp, S.A
Nagoya, Japan
Osaka, Japan
Pietermaritzburg, S.A
Port Elizabeth, S.A
Sheffield, England
Singapore, S. S
Tokyo, Japan
West Ham , England
Windsor, England
Yokohama, Japan
Districts, British Columbia —
South Vancouver ■ £
Vancouver and Districts Joint
Sewerage and Drainage
Department's
Value.
£ 11,662 10 8
109,495 6 10
1,227 19 0
1,5.57 13 9
265 10 7
414 5 3
858 2 2
3.868 15 4
1,507 11 4
1,698 2 10
51,667 19 11
13,239 12 7
266,233 1 10
352 14 5
930 5 6
1.251 14 2
189 13 10
1,603 18 9
5,032 8 2
2,188 13 5
11,720 7 10
7,660 6 10
908 10 3
3,420 0 0
10,773 9 9
£ 509,728 15 0
38,197 16 10
2,577 13 6
6,092 10 10
2,751 3
902 18
58,590 14
9,446 1 3
2,249 12 7
8,624 7 6
346 13 5
3,000
0
0
2,109
1
5
2,109 1
5
2,800
0
0
2,147
5
2
2,147 5
2
200
0
0
146
19
2
146 19
2
7,. 500
0
0
6,091
17
6
6,091 17
6
2,000
0
0
1,905
3
9
1.500 0
0
10,720
0
0
8,984
12
3
8,984 12
3
16,600
0
0
13.774
12
0
13,774 12
0
3,000
'0
0
2,767
15
/
2,250 0
0
2,600
0
0
1,908
14
8
1,908 14
8
1,000
0
0
783
11
8
783 11
8
2,000
0
0
1,434
18
5
1,434 18
5
12.700
0
0
11,143
1
6
11,143 1
6
3,000
0
0
1,877
6
10
1,877 6
10
800
0
0
502
15
0
502 15
0
10,300
0
0
8,622
7
3
8,622 7
3
£ 262,620
0
0
£ 202.860
1
7
£ 201,937 2
3
, £ 3,000
0
0
£ 2,051
3
0
£ 2,051 3
0
33,000
0
0
22,257
15
6
22,257 15
6
£ 36,000
0
0
£ 24,308
18
6
£ 24,308 18
6
LIFE IN suit AN CE COMPANIES 409
SESSIONAL PAPER No. 8
Sun Life — Continued.
Schedule C — Continued.
Bonds and Debentures — Continued —
Par Book Dopartmonf'
County, England — Value. Value. Valuo.
London County Council £ 11,000 0 0 £ 11,000 12 0 £ 7,590 0 0
Railways —
Atlantic and Northwest Ry., 1st
mtge., 1937, 5 p.c £ 37,100 0 0 £ 29,937 5 10 £ 29,937 5 10
Canadian Northern Ry., 1st Mtge.,
(G'teed by Saskatchewan) 1939,
4p.c 34,037 0 0 24,76110 1 24,70110 1
Canadian Northern Ry., 1st Mtge.
(G'teed by Alberta) 1939, 4 p.c. 22,670 0 0 16,626 0 3 16,626 0 3
Canadian Northern Ry., 1st Mtge.
(G'teed by Dom. of Canada)
1953, 3p.c 7,000 0 0 3,667 19 11 3,667 19 11
Canadian Northern Ontario Ry.,
1st Mtge. (G'teed by Ontario)
1936, 3^ p.c 800 0 0 579 10 6 579 10 6
Canadian Northern Ontario Ry.
(G'teed by Ontario) 1938, 31 p.c. 18,550 0 0 12,75110 2 12,75110 2
Canadian Northern Ontario Ry., 1st
Mtge. (G'teed by Dom. of Can-
ada) 1961, 3| p.c 179,450 0 0 125,530 1111 125,530 1111
Canadian Pacific Ry., 1st Mtge.,
1937,5p.c 7,900 0 0 6,414 14 9 6,414 14 9
Dominion Atlantic Ry. Co., 1944,
4 p.c 4,700 0 0 3,089 8 9 3,089 8 9
Dominion Atlantic Ry. Co., 1965,
4 p.c 1,500 0 0 1,100 3 9 1,100 3 9
New Brunswick Ry. Co., 1st
Mtge., 1934, 5 p.c 2,500 0 0 2,303 6 7 2,303 6 7
St. John and Quebec Ry., 1st Mtge.
(G'teed by New Brunswick) 1962,
4p.c 11,500 0 0 8,055 12 10 8,055 12 10
Shanghai Nanking Ry. (G'teed by
Chinese Gov't) 1953, 5 p.c 10,000 0 0 7,205 12 8 7,205 12 8
South Manchurian Ry., Co., Ltd.,
(G'teed by Japanese Govt.) 1936,
4|p.c 16,800 0 0 13,579 0 1 13,579 0 1
£ 354,507 0 0 £ 255,602 8 1 £ 255,602 8 1
Miscellaneous —
Bombay Improvement Trust
(G'teed by Gov. Gen. of India)
1969, 4 p.c £ <400 0 0 £ 285 1 8 £ 285 1 8
Bombay, Trustees of the Port of
1940,4p.c 6,000 0 0 4,595 18 7 4,595 18 7
Rand Water Board, 1935, 4 p.c. .. . 13,700 0 0 10,996 15 9 10,996 15 9
Sao Paulo Elestric Co., Ltd., 1st
Mtge., 1962, 5 p.c 16,520 0 0 13,612 12 0 13,612 12 0
£ 36,620 0 0 £ 29,490 8 0 £ 29,490 8 0
£1,325,042 8 6 £1,033,408 0 5 £1,028,657 11 10
(Mexican Silver.)
Mexico — Interior Redeemable Debt
Bonds 60,000 00 46,776 22 12,000 00
(Argentine Gold Pesos.)
Argentine— Internal Gold Loan 89,40,0 00 56,011 69 56,011 69
(Yen.) """
Japan— Internal Loan : . 100,000 00 87,400 00 94,000 00
Fukoka 100,000 00 95,877 40 96,000 00
Kobe 1,917,700 00 1,796,556 59 1,869,637 48
Kyoto 50,000 00 46,000 00 46,000 00
Nagasaki 199,500 00 173,699 85 175,560 00
Osaka 518,800 00 458,402 41 460,594 00
Tokyo 140,000 00 125,860 00 125,860 00
Utsunomiya 10,000 00 10,000 00 10,000 00
Yokohama 5,700 00 5,540 41 5,540 41
3,041,700 00 2,799,336 66 2,883,19189
410
DEPARTMENT OF IN,WRANCB
Sun Life — Continued.
11 GEORGE V, A. 1921
Bonds and Debentures — Concluded —
(Chilean Pesos.)
Banco Hipoteeario de Chile, by
drawing, 6 p.c
Banco Hipoteeario de Chile, by
drawing — 7 p.c
Banco Hipoteeario de Chile, by
drawing — 8 p.c
Cajade Credito Hipoteeario de Chile,
by drawing — 7 p.c
Cajade Credito Hipoteeario de Chile,
by drawing — 8 p.c
(Rupees.)
India War Loan
Bombay
Schedule C — Concluded.
Par
Value.
Book
Value.
Department's
Value.
70,000 GO
i
61,600 00
59,202 50
307,. 500 00
281,735 24
275.345 GO
132,000 00
127,881 78
125,497 50
184,000 00
168,362 60
168,362 60
321,000 00
319,174 93
319,174 93
(Francs)
France — National Defence Loan
(New York issue)
France — National Defence Loan
(Paris issue)
Loan of Liberation
New Perpetual Loan
1.014,500 00
958,754 55
947,582 53
1,700,000 00
1,618,124 54
1,618,124 54
300,000 00
300,000 00
300,000 00
2,000,000 00
1,918,124 54
1.918,124 54
1,500,000 00
1,312,. 500 00
1,125,000 00
1,621,800 00
1,419,972 80
1,394,748 00
2,000,000 00
1,398,347 90
1,800,000 00
1,398,347 90
1,800.000 00
1,800,000 00
6.921.800 00
5,930,820 70
5,718,095 90
Par
Book
Department's
Value.
Value.
Value.
% 69.436 004 96 $
61,241,844 58
S 60,337,942 05
6,028,943 03
4,702,006 50
4,680,392 04
29,880 00
23,294 56
5,976 QO
89,400 00
.56,011 69
56,011 69
1,514,766 60
1,394,069 66
1,435,829 .56
182,610 00
172,575 82
170,564 85
640,000 00
613,799 79
613,799 79
553,744 00
474,465 66
457,447 67
SummaTy of currencies —
Rate of
Conversion
Canadian Dollars
Pounds Sterling 4-55
Mexican Silver -498
Argentine Gold Pesos — 1 00
Yen -498
Chilean Pesos -18
Rupees "32
Francs -08
$ 78,475,348 .59 $ 68,678,068 26 S 67,757,963 65
For Schedule D == = =
See Page 419
Schedule E.
Cash in Banks —
Bank of England— London $ 40,720 65
Royal Bank of Canada— Antigua, B.W.I 443 83
Barbados 915 22
Port of Spain, Trinidad 17, 118 55
Santo Domingo 3,413 25
Montreal 7,402 74
Havana, Cuba 114, 644 00
Bank of N. T. Butterfield & Son,— Bermuda 741 08
Bank of Scotland— London 255, 351 84
Glasgow 2,275 00
Bank of Nova Scotia — Kingston, Jamaica 32, 700 05
Canadian Bank of Commerce — Mexico 5, 120 38
A. M. Martinez & Co.— Mexico 8,427 83
Standard Bank of South Africa— Capetown 8, 083 30
London and River Plate Bank— Bogota, Colombia 13,336 75
Old Colony Trust Co.— Boston 2, 228 69
Bankers Trust Co.— New York 29, 610 51
Anglo South American Bank — Chile 35, 057 63
Banco de Chile. Santiago— Chile 180 00
Banco del Peru y Londres — Lima, Peru 64, 675 53
Fixed Dep. Peru 91,000 00
Comptoir Nat. d'Eseompte— Paris 2, 426 94
Credit Lyonnais Gen. Account— Paris 12,452 90
Brussels 2, 518 36
Furikae Chokin— Japan 5. Oil 32
LIFE INSURANCE COMPANIES 411
SESSIONAL PAPER No. 8
Sun Life — Continued.
Schedule E — Concluded.
Cash in Banks — Concluded —
Hong Kong and Shanghai Bank Corp. — Manila $ 36, 321 03
Hong Kong 24,161 68
Singapore 18, 434 64
Shanghai 12,996 32
National Bank of India Bombay 18, 116 96
Yokohama Specie Bank — Tokyo, Japan 25,614 10
Nagoya Bank, Ltd. — Tokyo, Japan 2, 141 07
Mitsui Bank — Tokyo, Japan 948 56
Merchants Bank of Canada — New York 87, 054 83
Anglo-South Africa Bank— Lima, Peru 48, 666 67
$ 1,030,312 21
Less the following overdrafts —
Royal Bank of Canada — Georgetown $ 563 85
San Juan, Porto Rico 43,435 08
San Jose, Costa Rica 4,404 36
Montreal 424,683 86
Colonial Bank— St. Lucia, B.W.I 194 05
Russo-Asiatic Bank — Shanghai 192 03
Banco Colombians^Guatemala 14,066 70
Merchants Bank of Canada — Montreal 42, 002 21
529,542 14
$ 500,770 07
ASSETS OUT OF CANADA. ~~ "~"
Ledger Assets.
Book value of real estate, unencumbered, held by the Company {For details see Schedule F).$ 164,293 81
Amount secured by the Company's policies in force, the reserve on each policy being in
excess of all indebtedness: —
Loans to policyholders $ 4,637,204 32
Advances to policyholders under automatic non-forfeiture provisions... 1,459,595 76
6,096,800 08
Book value of securities owned by the Company {For details see Schedule H) 18, 283, 268 24
Cash in banks {For details see Schedule J) 960, 053 40
Total Ledger Assets out of Canada $25,504,415 53
Deduct excess of total book value of real estate, bonds, debentures and stocks over total
Department's value 34, 589 92
Total ledger assets taken at Department's value $25,469,825 61
Non-Ledger Assets.
Interest due and accrued on: — Due. Accrued.
Bonds, deposited $ 52,730 82 $ 187,150 31
Policy loans 2, 162 99
Total interest due and accrued S 52,730 82 $ 189,313 30
-. ■ • $ 242,044 12
Gross premiums, less reinsured: — First Year. Renewal.
Due and uncollected $ 298,555 73 $1,. 534, 242 08
Deferred 115,562 13 537,918 51
Total $ 414,117 86 $2,072,160 59
Deduct commission and estimated loss in collection 144,941 25 414,432 12
Net premiums due and uncollected, and deferred $ 269, 176 61 $1,657,728 47
Consideration for annuities, less reinsured: —
Due and uncollected $ 990 57 S 7, 321 12
Deferred 74 12 1,414 18
1,926,905 08
Total $ 1,064 69 $ 8,735 30
Deduct commissions and estimated loss in collection 372 64 1,747 06
Net consideration for annuities due and uncollected, and deferredS 692 05 $ 6,988 24
7,680 29
Total Non-Ledger Assets out of Canada $ 2, 176,629 49
Total Assets out of Canada $ 27, 646,455 10
412 DEPARTMENT OF JM<IJ:AXCE
11 GEORGE V, A. 1921
Sun Life — Cordinued.
LIABILITIES OUT OF CANADA.
Net liability under assurance, annuity, and supplementary contracts in force for payments
not due, dependent on life, disability or any other contingency or on a term certain. . .$58,366,644 28
Net liability for payments due under contracts: —
Death Matured Annuity Supplementary
Losses. Endowments. Claims. Contracts.
Unadjusted— Ordinary J 833,971 84 $200,143 72 $ 90,280 42 $ 1,605 75
Thrift 693 10 365 80
Resisted in suit. Ordinary 4, 100 00
Resisted, not in suit, Ordinary. 4,550 00
Totals $843,314 94 $200,509 52 $ 90,280 42 $ 1,605 75
1,135,710 63
Provision for unreported death losses and disability claims 225, 000 00
Amounts left with the Company (arising out of assurance contracts), including interest
accumulations: —
Dividends, $5,306.04; all other amounts, $61,065.66 66,371 70
Received from policyholders in advance: — Premiums 96, 778 91
Net dividends to policyholders due and unpaid 142, 364 50
Premium reductions on outstanding premiums and annuity consideration 8, 279 29
Government, municipal and other taxes due and accrued 171,759 07
Salaries, rents and office expenses, due and accrued 549 94
Medical examiners' fees due and accrued 6,057 96
Commission to agents, due and accrued 8, 819 60
Total Liabilities out of Canada $ 60,228,33
PREMIUM INCOME AND ANNUITY CONSIDERATION OUT OF CANADA.
First Year. Renewal. Single.
Assurance premiums $2,720,634 10 $9,010,639 66 $ 306,494 36
Less reinsurance premiums paid 330 00 14, 084 98
Total net premiums $2,720,304 10 $8,996,554 68 $ 306,494 36$12, 023, 353 14
Consideration for annuities $ 10,612 08 $ 41,88107 $1,450,024 84
\ 502 517 99
Total Thrift premiums '. ' 161786 22
Total Group premiums 3, 300 00
Total net premium income and consideration for annuities out of Canada. . .$13,545,957 35
DISBURSEMENTS IN RESPECT OF ASSURANCE AND ANNUITY CONTRACTS
OUT OF CANADA.
Death Matured Disability
In respect of assurance contracts: — Claims. Endowments. Claims.
Death, endowment and disability claims
Amount assured— Ordinary $2,400,89182 $ 932,339 64 $ 280 90
Thrift 8.775 83 12,176 00
Bonus addition. Ordinary 47,744 01 31,744 83
Total $2,457,41166 $ 976,260 47 $ 280 90
$ 3,433,953 03
Net surrender values 780,331 26
Net surrender values on Matured Deferred Dividend policies 92,434 27
Net dividends —
In cash $ 597 , 739 64
Left with the Company at interest 3, 969 97
Applied as single premiums —
To purchase bonus addition $ 273,572 32
To purchase premium reduction 43,434 42
317,006 74
Total net dividends 918,716 35
Payments under Guaranteed Compound Interest policies 43, 793 72
In respect of annuity contracts: —
Cash payments to annuitants $ 1,367,312 16
Net surrender values 77,993 61
1 14 5,305 77
Total net disbursements in respect of assurance and annuit> contracts out of Canada $ 6,714,534 40
LIFE INSURANCE COMPANIES
413
SESSIONAL PAPER No. 8
Sun Life — Continued.
EXHIBIT OF POLICIES OUT OF CANADA (ORDINARY).
Classification.
Whole Life.
Endowment
Assurances.
Term and
Other.
Bonus
Additions
Totals.
No.
Amount.
No.
Amount.
No.
Amount.
No.
Amount.
At end of 1919
31,081
5.321
127
$
77,044,472
17,499,095
337,733
855,885
945,804
60,645
16,101
437
"813
$
117,377,964
37,641,120
675,322
1,177,098
1,624,909
569
26
1
141
$
1,128,997
354,774
850
5,778
219,792
$
1,693,639
411,944
7,257
17,390
92,295
21,448
565
" 1,286
197,245,072
55,906,933
Old revived
1,021,162
2,056,151
332
2,790,505
Totals
36,861
96,682,989
77,996
158,496,413
737
1,710,191
2,130,230
115,594
259,019,823
Less ceased by: —
Death
366
1,193,505
698
500
1^238
2,254
831
1
1,454
1,172,107
878,761
28,372
2,422,197
4,385,204
1,565,836
11,788,165
1,000
3,603,654
4
"77
2
4,763
278
109,642
2,148
29,014
28,048
1,068
500
78
1,976
3,102
1,286
1
1,833
2,399,389
907,087
Expiry
1
736
848
443
48,900
1,869,931
2,070,476
1,163,168
1,377,178
186,914
Surrender
80,139
7,323
4,374,415
6,463,003
Transferred from .
12
62,302
15,038
2,791,306
167,675
45
22
13,348,056
1,045
Not taken.
379
1,247,674
4,851,350
Total ceased
2,773
8,970,832
6,976
25,845,296
95
194,171
312,266
9,844
35,322,565
At end of 1920
34,088
87,712,157
71,020
132,651,117
642
1,516,020
1,817,964
105,750
223,697,258
Reinsured
343,206
■
1 " 1
MISCELLANEOUS.
New policies issued and paid for in cash: — Number 19,653; gross amount, $51,104,264; re-insured in other
licensed companies, $9,100.
Net amount in force divided as to dividend plan. — Annual $36, 605, 215; quinquennial, $111, 783, 559; deferred,
$66,346,054; non-participating, $8,619,224; Total $ 223,354,052
EXHIBIT OF POLICIES OUT OF CANADA (THRIFT).
Classification.
Whole Life.
Endowment
Assurances.
Term and
Other.
Totals.
No.
Amount.
No.
Amount.
No.
Amount.
No.
Amount.
At end of 1919
,687
2
S
320,018
313
1,145
5
$
191,735
593
2
$
750
2.834
7
$
512,503
Revived
906
Total
1,689
320,331
1,150
192,328
2
750
2,841
513,409
Less ceased by: —
Death
32
6,272
7
74
18
5
1,420
12,620
3,990
538
49
39
74
47
25
7,692
Maturity
12,620
Surrender
29
20
5,898
3,315
2
9,888
Lapse
3,853
Decreases
51
Total ceased
81
15,487
104
18,617
185
34, 104
At end of 1920
1,608
304,844
1,046
173,711
2
750
2,656
479,305
414
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
Sun Life — Continued.
EXHIBIT OF POLICIES OUT OF CANADA (GROUP).
Classification.
Term and Other.
Number
of
Policies.
Number
of
Employees.
Amount.
2
1.650
$ cts.
1.432,400 00
At end of 1920
2
1.650
1,432,400 00
Schedule F. — Out of Canada.
Real estate —
Bombay, India, company's building
Lima, Peru, 3rd Blk., 320 Gironde Ayacucho.
Actual Cost, Book, and
Department's Value.
S 95,187 15
69.106 66
Schedule
Securities on deposit: —
(Canadian Dollars.)
With Old Colony Trust Co., Boston—
Town of Beaconsfield, Que S
Canada Victory Loan
Canadian Cottons, Ltd., 1st and Ref.
Mtge. , 1940, 5 p.c
Cedars Rapids Mfg. and Power Co., 1st
Mtge. S.F., 1953, 5 p.c
City of Chilliwack, B.C
Dominion Glass Co., Ltd., 1st Mtge. S.F.
1933, 6 p.c
Danville, Champaign and Decatur Ry.
and Light Co. (g'teed. by Illinois Trac-
tion Co.), 1938, 5 p.c
Town of Dorval, Que
Duluth Street Ry., 1st Mtge. (g'teed by
Duluth-Superior Traction Co.), 1930, 5
p.c
Dist. of Esquimalt, B.C
Town of LaTuque, Que
Town of Mount Royal, Que
Town of St. Anne de Bellevue. Que
St. Gregoire Le Thaumaturge, R.C.
School, Que
Town of St. Rose, Que
Town of Sault au Recollet, Que
Steel Co. of Canada, Ltd., 1st Mtge.,
1940, 6 p.c
Toronto Harbour Commissioners, 1st
Mtge. (g'teed by Toronto), 1953, 4^ p.c.
Windsor Hotel Co., 1st Mtge., 1931, 4i p.c.
Youville R.C. School, Que
With State of Michigan —
Cedars Rapids Mfg. and Power Co., 1st
Mtge. S.F., 1953, 5 p.c
Canada Victory Loan
Town of Dorval, Que
Mississippi River Power Co., 1st Mtge.
S.F., 1951, 5 p.c
With Fidelity Trust Co., Newark —
Cedars Rapids Mfg. and Power Co., 1st
Mtge. S.F., 1953, 5 p.c
Mississippi River Power Co., 1st Mtge.
S.F. 1951, 5p.c
Newport News and Hampton Ry., Gas
and Electric Co., 1st and Ref. Mtge.,
1944, 5 p.c
Youngstown and Suburban Rj'., 1st Mtge.
1936, 5 p.c ^
With Treasurer, State of Virginia —
United States of America Liberty Loan..
H. — Out of Canada.
•S 164,293 81
Par
Value.
51,000 00 $
440,000 00
Book
Value.
45,384 20
434,645 72
Department's
Value.
$ 45,615 69
434,645 72
125,000 00
105,941 65
105,000 00
772,000 00
62,500 00
627,271 40
53,800 83
702,520 00
50,00) 00
200,000 00
199,897 14
194,000 00
11,000 00
100,000 00
9,657 60
85,023 24
9,350 00
89,000 00
.50,000 00
100,000 00
65,000 00
300,000 00
135,000 00
46,250 00
87,887 62
56,771 61
249,3.35 97
112,005 24
40,000 00
82,000 00
56,550 00
270,000 00
118,800 00
240,(00 00
115,000 00
50,000 00
221,186 39
112,377 15
49,524 29
226,250 00
116,150 00
55,500 00
121,666 67
108,767 31
116,800 00
100,000 00
30,000 00
30,000 00
85,761 13
28,800 00
26,192 83
85,761 13
26,100 00
25,800 00
110,000 00
600,000 00
100,000 00
89,378 05
598,783 12
85,023 25
100,100 00
598,783 12
89,000 00
200,000 00
165,050 00
152,000 00
110,000 00
89,378 05
100,100 00
400,000 00
330,100 00
304,000 00
80,000 00
79,378 21
60,000 00
20,000 00
17,500 00
15,800 00
20,500 00
19,679 13
19,679 13
LIFE INSURANCE COMPANIES 415
SESSIONAL PAPER No. 8
Sun Life — Continued.
SrHEDULE H. — Continued.
Securities on deposit — Continued.
With Bankers Trust Co., New York — Par Book Department's
Des Moines and Central Iowa Electric Value. Value. Value.
Co. (g'teed by Illinois Traction Co.),
1937,5p.c $ 432,000 00 $ 380,300 00 $ 380,300 00
Canada Victory Loan 4,002,000 00 4,001,975 66 4,001,975 66
Dominion Iron and Steel Co., Ltd., 1st
Mtge. S.F., 1929, 5 p.c 35,000 00 30,107 33 30,107 33
Dominion Iron and Steel Co., Ltd., 1939,
5 p.c 38,933 33 30,48172 30,48172
Donnacona Paper Co., Ltd., 1st Mtge.
S.F., 1940, 6 p.c 100,000 00 93,000 00 93,000 00
Fraser Companies, Ltd., 1st Mtge., 1929,
6p.c 400,000 00 379,220 00 379,220 00
Galesburg Ry., Lighting and Power Co.
(g'teed by Western Rys. and Light Co.),
1934, 5 p.c 283,500 00 239,703 44 239,703 44
Hydro-Electric Power Comm. of Ontario
(g'teed by Ontario), 1957, 4 p.c 150,000 00 104,269 02 104,269 02
Laurentide Power Co., Ltd., 1st Mtge.,
1946,5p.c • 250,000 00 212,500 00 225,000 00
Mattagami Pulp and Paper Co., Ltd., 1st
Mtge., 1937, 6 p.c 200,000 00 170,000 00 170,000 00
Montreal Light, Heat and Power Co.,
1933, 5p.c 8,000 00 7,640 00 7,60000
Montreal, Prot. School, Que 295,000 00 268,942 39 268,942 39
Montreal, R.C. School, Que 50,000 00 41,005 40 41,005 40
Northern Electric Co., Ltd., 1st Mtge.
S.F. 1939, 5 p.c , 61,000 00 54,384 45 54,384 45
Quincy Horse Ry. and Carrying Co., 1st
Cons. Mtge. (g'teed by Illinois Traction
Co.), 1923, 5 p.c 150,000 00 137,520 00 137,520 00
Riordon Pulp and Paper Co., Ltd., 1929,
6 p.c 250,000 00 232.500 00 232,500 00
St. Lawrence Sugar Refineries Co., Ltd.,
1st Mtge. S.F., 1932, 6 p.c 25,000 00 24,500 00 22,500 00
City of Saskatoon, Sask 27,000 00 20,816 79 20,816 79
With Guaranty Trust Co., N'ew York —
Canada, Victory Loan 25,000 00 24,695 78 24,695 78
Phillippine Islands, Bonds 27, 000 00 25, 676 42 25, 676 42
With Government of Cuba —
Cuba, Treasury Bills 2,500 00 2,290 98 2,290 98
City of Havana, Cuba 22,500 00 23,619 76 23,400 00
With Royal Bank of Canada, Havana, Cuba —
Cuba, Treasury Bills....: 6,500 00 5,956 50 5,956 50
With Government of Porto Rico —
Porto Rico, Registered Bonds 10, 000 00 10, 159 23 10, 200 00
With Government of Mexico — ,
Mexican Electric Light Co., Ltd., 1st
Mtge. (g'teed by Mexican Light and
Power Co.), 1935, 5 p.c 100,000 00 85,344 82 43,000 00
Mexican Light and Power Co., Ltd., 1st
Mtge., 19.33, 5 p.c 55,000 00 48,508 75 26,950 00
Mexican Northern Power Co., Ltd., 1st
Mtge., 1939, 5 p.c 180,000 00 74,267 46 21,600 00
With Government of Argentine —
Argentine, Internal Gold Loan 37, 947 00 25, 262 42 25, 262 42
With Union Government of South Africa —
Manitoba, Debentures 50,000 00 50,000 00 44,000 00
With British Treasury, under Mobilization
Scheme B.—
Cedars Rapids Mfg. and Power Co., 1st
Mtge. S.F. 1953, 5 p.c 110,000 00 89,378 05 100,100 00
Grand Trunk Pacific Ry. 1st Mtge. (g'teed
by Dom. of Canada), 1962, 3 p.c 27.740 00 16,022 43 16,022 43
Japan, Sterling Bonds 33,116 00 26,808 84 26,808 84
Steel Co. of Canada, Ltd., 1st Mtge., 1940,
6 p.c 1,460 00 1,305 82 1,305 82
With Government of Japan —
Japan, Sterling Bonds 743,649 00 615,079 12 611,050 22
11 GEORGE V, A. 1921
416 DEPARTMENT OF INSURANCE
Sun Life — Concluded.
Schedule H — Continued.
Securities on deposit — Continued. Par Book Department's
With Government of Newfoundland — Value. Value. Value.
Canadian Cottons Ltd., 1st and Ref. Mtge.
1940, 5 p.c $ 70,000 00 $ 59,337 31 $ .58,800 00
Canada Victory Loan 255,000 00 253,783 12 253,783 12
City of Enderby, B.C 24,000 00 21,. 345 10 22,560 00
District of Esquimalt, B.C 50,000 00 43,943 81 41,000 00
City of Maisonneuve, Que 30,000 00 ,30,490 90 25,500 00
Newfoundland, Bonds 50,000 00 49,272 43 49,272 43
Newfoundland, Inscribed Stock 50,000 00 47,035 54 43,500 00
City of New Westminster, B.C 50,000 00 50,000 00 43,700 00
Town of Sudbury, Ont '• - . • 5,06147 5,06147 4,960 24
City of Toronto," Ont 100,000 00 93,008 66 93,000 00
With New England Trust Co., Boston —
Adirondack Power and Light Co.,
Preferred 114,000 00 82,600 00 90,060 00
Adirondack Power and Light Co.,
Common 85,500 00 11,115 00
$ 13,812,073 47 $12,509,872 05 $ 12,474,20119
0
0
0
0
£ 15,170 7
38,724 4
8
11
£ 15,170 7
38.724 4
8
11
0
0
0
0
11,000 12
7,936 12
0
8
7,590 0
7,936 12
0
8
0
0
103,672 17
0
103,672 17
0
0
0
0
0
0
0
1,227 19
352 14
2,109 1
0
5
5
1,227 19
352 14
2,109 1
0
5
5
(Pounds Sterling.)
With British Treasury under Mobilization
Scheme B —
Atlantic and Northwest Ry., 1st
Mtge., 1937, 5 p.c £ 18,800
Canada, Stock 54,400
With Paymastsr General, London —
London County Council 11, 000
British War Loan 8,421
With Bank of Scotland, Edinburgh — ■
British War Loan 110, 000
With Bank of Scotland, London —
Alberta, Registered Stock 1, 500
Barbados, Inscribed Stock 500
City of Bradford , England 3 , 000
Canadian Northern Ry., 1st Mtge.
(G'teed by Alberta) 1939, 4 p.c. 22,670 0 0 16,626 0 3 16,626 0 3
Canadian Northern Ry., 1st Mtge.
(G'teed by Saskatchewan) 1939,
4p.c 34,037 0 0 24,76110 1 24,76110 1
Canadian Northern Ry., 1st Mtge.
(G'teed by Dom. of Canada)
1953, 3p.c 7,000 0 0 3,667 19 11 3,667 19 11
Canadian Northern Ontario Ry.,
1st Mtge (G'teed by Ontario)
1936, 3^ p.c 800 0 0 579 10 6 579 10 6
Canadian Northern Ontario Ry.,
(G'teed by Ontario) 1938, 3| p.c. 18,550
Canadian Pacific Ry., 1st Mtge.,
19.37, 5 p.c 7,900
Dominion Atlantic Ry. Co., 1944,
4 p.c 4,700
Dominion Atlantic Ry. Co., 1965,
4 p.c 1,500
Canada, Bonds or Registered Stock 17,200
Canada, Stock 84,400
Hong Kong, Inscribed Stock 1, 300
City of Hull, England 200
India Stock 2,000
Jamaica, Inscribed Stock 300
Manitoba — Bonds 600
Mauritius, Inscribed Stock 2, 000
Natal, Consolidated Stock 6, 200
Natal, Inscribed Stock 3,000
New Brunswick, Registered Stock. 500
Newfoundland, Consolidated In-
scribed Stock 10,900
Newfoundland, Inscribed Stock 400
Nova Scotia, Consolidated Stock. 1,000
Nova Scotia, Debentures 300
Nova Scotia, Redeemable Stock.. . 2,200
City of Port Elizabeth, S.A 2, 600
Quebec, Inscribed Stoclt 43, 700
Quebec, Registered Stock 13,000
0
0
12,751
10
2
12,751 10
2
0
0
6,414
14
9
6,414 14
9
0
0
3,089
8
9
3,089 8
9
0
0
1,100
3
9
1,100 3
9
0
0
11,662
10
8
11,662 10
8
0
0
60,055
3
9
60,055 3
9
0
0
930
5
6
930 5
6
0
0
146
19
2
146 19
2
0
0
1,251
14
2
1,251 14
2
0
0
189
13
10
189 13
10
0
0
584
2
6
584 2
6
0
0
1,603
18
9
1,603 18
9
0
0
5,032
8
2
5,032 8
2
0
0
2,188
13
5
2,188 13
5
0
0
414
5
3
414 5
3
0
0
7,660
6
10
7,660 6
10
0
0
276
4
5
276 4
5
0
0
858
2
2
858 2
2
0
0
187
16
0
187 16
0
0
0
1,507
11
4
1,507 11
4
0
0
1,908
14
8
1,908 14
8
0
0
31,457
4
0
31,457 4
0
0
0
10,7,57
4
0
10,7.57 4
0
LIFE INSURANCE COMPANIES
417
SESSIONAL PAPER No. 8
Sun Life — Continued
Schedule H— Continued.
Securities on deposit — Continued. Par Book
With Bank of Scotland , London — Con. Value. Value.
City of Quebec, Que £ 800 0 0 £ 540 3 2
Rand Water Board, 1935, 4 p. c 13,700 0 0 10,996 15 9
St. John and Quebec Ry., 1st Mtge.
(G'teed by New Brunswick) 1962,
4p.c 11,500 0 0 8,055 12 10
City of Sheffield, England 1,000 0 0 783 11 8
City of Singapore, S.S 2,000 0 0 1,434 18 5
District of South Vancouver 3,000 0 0 2,051 3 0
British War Loan 140, 860 5 6 132, 7.58 1 0
City of Vancouver, B.C 28,400 0 0 19,974 10 5
Vancouver and Districts Joint
Sewerage and Drainage 33,000 0 0 22,257 15 6
City of Victoria, B.C 2,500 0 0 1,747 17 3
City of West Ham, England 3,000 0 0 1,877 6 10
City of Windsor, England 800 0 0 502 15 0
With Union Gonrnment of South Africa
City of Cape Town, S. A 1,000 0 0 766 17 6
City of Johannesburg, S. A 7,500 0 0 6,09117 6
City of Krugersdrop, S.A 2,000 0 0 1,905 3 9
City of Pietermaritzburg, S.A 3,000 0 0 2,767 15 7
British War Loan 23,200 0 0 21,865 11 2
With Government of Japan —
Japan, Sterling Bonds 15, 000 0 0 10, 688 11 10
City of Nagoya, .Japan 10, 720 0 0 . 8,984 12 3
City of Osaka, Japan 16,600 0 0 13,774 12 0
South Manchurian Ry. Co., Ltd.,
(G'teed by Japanese Gov't) 1936,
45P.C 16,800 0 0 13,579 0 1
City of Tokyo, Japan 12,700 0 0 11,143 1 6
City of Yokohama, Japan 10,300 0 0 8.622 7 3
£ 855,958 5 6 £ 691,028 7 1
(Mexican Silver) ==:===
With Government of Mexico —
Mexico, Interior Redeemable Debt
Bonds 60,000 00 46,776 22
(Argentine Gold Pesos.)
With Government of Argentine —
Argentine, Internal Gold Loan 27,000 00 16,916 28
With Royal Bank of Canada, Buenos
Aire.:^ —
Argentine, Internal Gold Loan 62,400 00 39,095 41
89,400 00 56,011 69
(Yen.) = =
With Government of Japan —
City of Fukoka, Japan 100,000 00 95,877 40
Japan, Internal Loan 100,000 00 87,400 00
City of Kobe, Japan 1,917,700 00 1,796,556 59
City of Kyato, Japan 50, 000 00 46, 000 00
City of Nagasaki, Japan 199,500 00 173,699 85
City of Osaka, Japan 518,800 00 458,402 41
City of Tokyo, Japan 140,000 00 125,860 00
City of Utsunomiya, Japan 10,000 00 10,000 00
City of Yokohama, Japan 5,700 00 5,540 41
(Chilean Pesos)
With Government of Chile. —
Banco Hipotecario de Chile, by
drawing 6 p.c
Banco Hipotecario de Chile, by
drawing, 7 p.c
Banco Hipotecario de Chile, by
drawing 8 p.c
With Anglo-South American Bank,
Santiago —
Banco Hipotecario de Chile, by
drawing, 8 p.c
Caja de Credito Hipotecario de
Chile, by drawing, 7 p.c
Caja de Credito Hipotecario de
Chile, by drawing, 8 p.c
3,041,700 00
70,000 00
307,500 00
33,000 00
99,000 00
184,000 00
321,000 00
1,014,500 00
2,799,336 66
61,600 OO'
281,735 24
31,970 44
95,911 34
168,362 60
319,174 93
958,754 55
Department's
Value.
£ 540 3 2
10,996 15 9
8,055 12 10
783 11 8
1,434 18 5
2,051 3 0
132,758 1 0
19,974 10 5
22,257 15 6
1,747 17 3
1,877 6 10
502 15 0
766 17
6,091 17
1,500 0
2,2.50 0
21,865 11
10.773 9 9
8,984 12 3
13.774 12 0
13,579 0 1
11,143 1 6
8,622 7 3
586,779 13 8
12,000 00
16,916 28
39,095 41
56,011 69
96,000 00
94,000 00
1,869,637 48
46,000 00
175,560 00
460,594 00
125,860 00
10, 000 00
5, .540 41
2,883,191 89
59,202 50
275,345 00
31,374 37
94,123 13
168,362 60
319,174 9
947,582 53
5—27^
418
DEPARTMEST OF INSURANCE
11 GEORGE V, A. 1921
Sun Life — Continued
Schedule H—
Concluded.
Par
Book
Department's
Value.
Value.
Value.
, 1,700,000 0 0
1,618,124 5 4
1,618,124 5 4
300,000 0 0
300,000 0 0
1,918,124 5 4
300,000 0 0
2,000,000 0 0
1,918,124 5 4
1,616,800 00
1,415,595 03
1,390,448 00
5,000 00
4,377 77
4,300 00
2,000,000 00
1,398,-347 90
1,398,347 90
1,800,000 00
1,800,000 00
4,618,320 70
1,800,000 00
5,421,800 00
4,593,095 90
Par
Book
Department's
Value.
Value.
Value.
$ 1.3,812,073 47
S 12,509,872 05
$ 12,474,201 19
3,894,610 15
3,144,179 01
3,124,847 56
29,880 00
23,294 56
5,976 00
89,400 00
56,011 69
56,011 69
1,514,766 60
1,394,069 66
1,435,829 56
182,610 00
172,575 82
170,564 86
640,000 00
613,799 79
613,799 79
433,744 00
369,465 66
367,447 67
Securities on denosit — Concluded.
( Rupees) .
With Naticnal Bank of India, Bombay —
India War Loan
City of Bombay, India
(Francs).
With Bank of Scotland, London —
France, National Defence Loan
(Paris issue)
With Credit Lyonnais, Paris —
France, National Defence Loan
(Paris issue)
France, Loan of Liberation
France, New Perpetual Loan
Summary of Currencies.
Rate of
Conversion.
Canadian Dollars
Pounds Sterling 4-55
Mexican Silver -498
Argentine Gold Pesos 1 • 00
Yen -498
Chilean Pesos -18
Rupees -32
Francs 008
$ 20,597,084 22 $ 18,283,268 24 $ 18,248,678 32
Schedule J. — Out of Canada.
Cash in banks —
Bank of England — London
Royal Bank of Canada — Antigua, B.W.I
Barbados
Port of Spain, Trinidad
Santo Domingo
Havana, Cuba
Bank of N. T. Butterfield & Son Bermuda
Bank of Scotland — London
Glasgow
Bank of Nova Scotia — Kingston, Jamaica
Canadian Bank of Commerce — Mexico
A. M. Martinez & Co. — Mexico
Standard Bank of South Africa— Capetown
London and River Plate Bank^Bogota, Colombia.
Old Colony Trust Co. — Boston
Bankers Trust Co. — New York
Anglo-.South American Bank — Chile
Banco de Chile, Santiago — Chile
Banco del Peru y Londres — Lima, Peru
Fixed Dep. Peru
Comptoir Nat. d'Escompte — Paris
Credit Lyonnais Gen. Account — Paris
Brussels
Furikae Chokin — Japan
Hong Kong and Shanghai Bank Corp. — Manila
Hong Kong
Singapore. .
Shanghai.. .
National Bank of India — Bombay
Yokohama Specie Bank — Tokyo, Japan
Nagoya Bank, Ltd. — Tokyo, Japan
Mitusi Bank — Tokyo, Japan
Merchants Bank of Canada — New York
Anglo-S.A. Bank — Lima, Peru
Less the following overdrafts — % 1,022
Royal Bank of Canada — Georgetown $ 563 85
San Juan, Porto Rico 43, 435 08
San Jose, Costa Rica 4, 404 36
Colonial Bank— St. Lucia, B.W.I 194 05
Russo Asiatic Bank — Shanghai 192 03
Banco Colombians — Guatemala 14, 066 70
. $ 40,720
65
443
915
83
17,118
55
3,413
?5
114,644
00
741
08
255,351
84
2,275
00
32,700 05
5,120 38
8,427
83
8,083
30
13,336
75
2,228
m
29,610 51
35,057
63
. . » 180 00
64,675
53
91,000 00
2,426 94
12,452 90
2,518
36
5,011
3;^
36,321
03
24,161
68
18,434 64
12,996 32
18,116
96
25.614
10
2,141
07
948
56
87,0.54
83
48,666
67
909 47
62,856 07
),053 40
LIFE INSURANCE COMPANIES 419
SESSIONAL PAPER No. S
Sun Life — Continued.
Schedule D. — (See page 410).
Stocks — No. of Par Book Department's
Preferred Stocks — shares. value. A'aue. value.
Adirondack Power and Light Corporation 1,140 S 114,000 00 $ 82,600 00 $ 90,060 00
Atchison Railway Light and Power Company 1,360 136,000 00 130,560 00 108,800 00
Asbestos Corporation of Canada 250 25,000 00 2 50 22,750 00
Bloomington, Decatur and Champaign Railway 5,232 523,200 00 450,642 00 418,560 00
Bloomington & Normal Railway and Light Company 2,191 219,100 00 186,459 78 197.190 00
Cairo Railway and Light Company 3,660 366,000 00 351,360 00 292,800 00
Canada Cement Company 3,049 304,900 00 296,260 38 274,410 00
Canada Machinery Corporation 70 7,000 00 3,150 00 3,850 00
Canadian Consolidated Rubber Company 380 38,000 00 36,796 12 34,200 00
Canadian Cottons Limited 1,279 127,900 00 104,285 65 88,25100
Canadian General Electric Company 463 46, 300 00 45, 192 76 41 , 670 00
Central Lighting Company 880 88,000 00 84,480 00 79,200 00
Chicago, North Shore and Milwaukee Railway (1st).. 2,000 200,000 00 88,200 00 60,000 00
Chicago, North Shore and Milwaukee Railway (2nd) 50 5,000 00 1,500 00 600 00
Chicago, Ottawa and Peoria Railway 1,181 118,100 00 101,566 00 101,566 00
Danville, Chamjraign and Decatur Railwav and Light
Company (gt. by Illinois Traction Company) 5,550 555,000 00 486,499 88 460,650 00
Danville, Urbana and Champaign Railway 2,400 240,000 00 230,400 00 216,000 00
DesMoines & Central Iowa Electric Company 1,500 150,000 00 144,000 00 112,500 00
DesMoines &CentralIowaElectric Company series"B" 1,. 500 150,000 00 131,694 37 112,500 00
Dominion Coal Company 2,620 262,000 00 250,445 31 209,600 00
Dominion Glass Company 5,656 565,600 00 506,912 17 441,16800
Dominion Iron and Steel Company 2,572 257,200 00 240,504 40 177,468 00
Dominion Steel Corporation 683 68,300 00 53,96159 43,712 00
Dominion Textile Company 404 40,400 00 41,955 67 38,380 00
Galesburg Railway Lighting and Power Company.... 4,640 464,000 00 441,940 00 371,200 00
Illinois Central Traction Company 2,450 245,000 00 210,700 00 210,700 00
Illinois Traction Company 16,410 1,641,000 00 1,4.52,177 24 1,066,650 00
Indiana, Columbus and Eastern Traction Company.... 6,750 675,000 00 332,806 74 168,750 00
International Milling Company 1,759 175,900 00 163,345 09 158,310 00
Jacksonville Railway and Light Company 500 50,000 00 47,000 00 47,000 00
Jefferson City Light, Heat and Power Company 750 75,000 00 71,940 00 72,000 00
Lake of the Woods Milling Companv 86 8,600 00 8,892 48 8,084 00
Madison County Light and Power Company 380 38,000 00 36,480 00 34,200 00
Madison County Light and Power Company 540 54,000 00 47,409 97 48,600 00
Maple Leaf Milling Companv 287 28,700 00 29,462 30 26,404 00
Mills County Power Companv 150 15,000 00 12,900 00 12,900 00
Monterev Railway Light and Power Company 1,000 100,000 00 73,000 00 29,000 00
Montreal Cottons Companv 4,352 435,200 00 438,248 10 413,440 00
Northern Illinoi.s Light and Traction Company 1,842 184,200 00 176,832 00 165,780 00
Ogilvie Flour Mills Limited 424 42,400 00 43,390 11 42,400 00
Omaha and Lincoln Railway and Light Company 318 31,800 00 27,348 00 27,348 00
Penmans Limited 2,335 233,500 00 189,745 66 200,810 00
Peoria Railway Company 4, 545 454, 500 00 436, 320 00 363, 600 00
Riordon Pulp and Paper Company 2,232 223,200 00 206,271 16 189,720 00
St. Lawrence Flour Mills Limited 123 12,300 00 11,499 12 11,685 00
St. Louis Electric Terminal Railway Company 10,000 1,000,000 00 850,000 00 800,000 00
St. Louis, Springfield and Peoria Railwav Company.. 22, 750 2,275,000 00 1,933,750 00 1,820,000 00
Steel Company of Canada 4,823 482,300 00 454,10072 419,60100
Stormont Electric Light and Power Company 500 50,000 00 50,000 00 50,000 00
Topeka Railway and Light Company 5,840 584,000 00 .560,640 00 496,400 00
Western Railways and Light Company 10,002 1,000,200 00 846,568 74 600,12000
Wichita Railway and Light Company 1,800 180,000 00 172,800 00 154,800 00
Common Stocks — — —
Bell Telephone Company of Canada 180 18,000 00 21,786 32 18,000 00
Canadian Pacific Railway Company 500 50,000 00 80, 156 11 68,000 00
Dominion Bank 50 5,000 00 10,900 00 9,600 00
Dominion Glass Company 2,740 274,000 00 27 40 153,440 00
Laurentide Company 6,840 684,000 00 444,018 52 642,960 00
Montreal Light, Heat and Power Company (Old
Company) 6,089 608,900 00 1,566,574 29 1,443,093 00
Montreal Light, Heat and Power Company (Consoli-
dated) 13,660 1,366,000 00 1,001,488 00 1,079,140 00
National Trust Companv 494 49,400 00 101,924 81 105,222 00
Northern Trusts Companv 250 25,000 00 29,884 93 28,750 00
Ottawa Light, Heat and Power Company 1,875 187,500 00 183,725 81 150,000 00
Shawinigan Water and Power Companv 1,710 171,000 00 197,893 72 176,130 00
Stormont Electric Light and Power Company 1,000 100,000 00 100,000 00 100,000 00
Toronto General Trusts Corporation (partly paid) 500 50,000 00 18,750 00 20.070 42
$18,954,600 00 $17,132,125 92 %,629,792 42
Note. — The par and ledger values of francs, Chile paper and rupee cun-ency bonds have been written
down and sterling bonds written up on account of the charge in value of these currencies, the net amount
written off to "currency adjustment" account being as follows: —
8— 27i*
420 DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
Sun Life — Concluded
Par Value. Ledger Value'
Francs bonds (taken at Sets, to the franr) $ 138,436 00 % 118,616 41
Chile bonds (taken at 18 cts. to the dollar) 10, 145 00 9,587 55
Rupees bonds (taken at 32 pts. to the rupee) 340,000 00 326,081 14
$ 488,581 00 $ 454,285 10
Sterling bonds (taken at $4.55 to the pound) 186,776 64 144,883 01
$ 301,804 36 $ 309,402 09
Reserves on policies of these currencies have been converted at the same rate.
THE TRAVELERS INSURANCE COMPANY
Statement for the Year ending December 31, 1920.
President, L. F. Butler — Secretary, J. L. Howard — Actuary, Edward B. Morris — Principal
Office, Hartford, Conn., U.S.A. — Chief Agent in Canada, G. G. Foster, K.C. — Head
Office in Canada, Montreal,
(Organized under the Laws of the State of Connecticut. Incorporated June 17, 1863. Commenced
business in Canada July 1, 1865.)
CAPITAL STOCK.
Authorized SIO, 000, 000 00
Subscribed and paid in cash 7, 500, 000 00
ASSETS IN CANADA.
Ledger Assets.
Held solely for the protection of Canadian Policyholdsrs.
Mortgage loans on real estate held by Trustees, first liens S 681,865 41
Department's value of bonds, debentures and debenture stocks owned by the Company.
[For details see Schedule C): —
On deposit with the Receiver General, .5758,050.59; held by Trustees, .54,531,454.01 5,289,504 60
Other Ledger Assets.
Loans to policyholders, .secured by the Company's policies in force, the reserve on each
policy being in excess of all indebtedness 942, 747 19
Cash: At branch offices, §1,456.48; in banks, $105,485.55 (For details see Schedule E) 106,942 03
All other ledger as.scts 5,200 97
Total Ledger Assets $ 7,026, 60 20
Non-Ledger Assets.
Interest on — Due. Accrued.
Mortgages $ $ 15,737 89
Bonds and debentures 53,405 89
Premium notes, policy loans and liens 460 08
Total interest $ 460 08 $ 69,143 78
69,603 86
First year. Renewal.
Gross premiums, less reinsured— Due and uncollected $ 2,357 83 $135,893 11
Deferred 11,992 25 44,572 86
Total $ 14,350 08 $ 180,465 97
Deduct commissions and estimated loss in collection 2, 142 36 14,627 42
Net premiums due and uncollected, and deferred $ 12,207 72 $ 165,838 55
178,046 27
Total Non-Ledger Assets $ 247,650 13
Total Assets in Canada $ 7,273,910 33
LIFE INSURANCE COMPANIES 421
SESSIONAL PAPER No. 8
The Travelers — Continued
LIABILITIES IN CANADA.
Net liability under assurance, annuity, and supplementary contracts in force for payments
not due, dependent on life, disability or any other contingency or on a term certain.
{See Statement of Actuarial Liabilities) $ 6,311,725 00
Net surrender values claimable under cancelled contracts 1, 126 84
Net liability for payments due under contracts: —
Death Matured Supplementary
Losses. Endowments. Contracts.
Unadjusted— Ordinary $ 6,427 49 $ 14,70160 $ 250 00
Group 7,420 00
Resisted in suit— Ordinary 40, 000 00
Totals I 53,847 49 $ 14,70160 $ 2.50 00
68,799 09
Provision for unreported death losses and disability claims 8, 031 00
Received from policyholders in advance:— Premiums, $367.98; interest, $18,448.87 18,816 85
Net dividends to policyholders due and unpaid 23 38
Provision for profits to policyholders payable in the year following the date of account 3,605 11
Provision for accrued profits to policyholders not included above 22,274 00
Provincial, municipal and other taxes due and accrued 18,000 00
Salaries, rents and office expenses, due and accrued 1,380 99
Medical examiners' fees due and accrued, $2,756'.16; legal fees due and accrued, $363.86 3, 120 02
Commissions to agents due and accrued 523 55
Reserve, special, or surplus funds not included above 2, 700 00
Total Liabilities in Canada $ 6,460, 125 83
INCOME IN CANADA.
First Year. Renewal. Single.
Assurance premiums $278,503 39 $839,46115 $ *5,556 55
Less reinsurance premiums paid 2, 329 03 16, 548 56
Total net premiums $276,174 36 $822,912 59 $ 5,556 55
$ 1,104,643 50
Total group premiums, first year ' 114,977 07
Total net premium income $ 1 , 219, 620 57
Consideration for supplementary contracts: —
Not involving life contingencies 49,554 53
Gross interest or dividends on —
Mortgages $ 67,431 22
Bonds and debentures 251, 904 35
Premium notes, policy loans and liens 45,999 12
Deposits 1,843 68
367,178 37
Gross profit on sale or maturity of ledger assets: —
Bonds 2, 818 50
Total Income in Canada ^ $ 1,639,171 97
DISBURSEMENTS IN CANADA.
Death Matured Disability
In respect of assurance contracts: — Claims. Endowments. Claims.
Death, endowment and disability claims —
Ordinary $364,643 99 $204,902 94 $ -89180
Group 64, 648 00
Total $429,29199 $204,902 94 $ -89180
$ 633,303 13
Net surrender values • ' 88 , 875 84
Net dividends —
In cash $ 1,225 70
Applied as single premiums to purchase bonus addition 1, 197 00
Total net dividends 2,422 70'
In respect of life annuity contracts — Cash payments to annuitants 13,540 53
Total net disbursements in respect of assurance and annuity contracts $ 738, 142 20/
*Including $1,197 single premiums paid by application cf assurance dividends.
422
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
The Travelers — Continued
DISBURSEMENTS IN CANADA— Conduced.
Net payments on supplementary contracts $ 32,817 76
Taxes, licenses and fees (including taxes on investments, but excluding taxes on real estate) 18,387 25
Head Office expenses:— Salaries, $7,734.86; rents, S344.61 8,079 47
Branch office and agency expenses: — Assurance commissions — first year, $140,311.70; re-
newal, $38,187.12; advanced to agents, $2,545.22; salaries, $110,918.46; travelling
expenses, $12,205.85; rents, $13.480.49 317,648 84
All other expenses: — Advertising, $623.79; books and periodicals, $200.30; express, tele-
grams and telephones, $2,260.75; legal fees, $430.40; medical fees, $14,132.50; office
furniture, $8,9L4.55; postage,$ 2,337.57; printing and stationery, §3,946.63; miscel-
laneous, $528 .04 33, 374 53
Total Disbursements in Canada $ 1, 148,450 05
EXHIBIT OF ANNUITIES.
Life
Annuities
Proper.
Arising out of Life Assurance Contracts.
Classification.
Involving
Life
Contingencies.
Not involving
Life
Contingencies.
Disability
Annuities.
Totals.
No.
Annual
Payment
No.
Annual
PajTnent
No.
Annual
Pajinent.
No.
Annual
Pajinent.
No.
Annual
Paj-ment.
At end of 1919
16
1
S cts.
12,760 41
500 00
4
S cts.
1,260 00
76
6
$ cts.
29,307 89
3,999 33
2
$ cts.
1.768 00
98
7
S cts.
45,096 30
4,499 33
Totals
17
13,260 41
4
1,260 00
82
33,307 22
2
1,768 00
105
49,595 63
Less ceased by:—
1
300 00
2
1,768 00
3
1
3
2,068 00
1
3
100 00
600 00
100 00
600 00
1
300 00
4
700 00
2
1,768 00
7
2,768 00
At end of 1920
16
12,960 41
4
1,260 00
78
32,607 22
98
46,827 63
EXHIBIT OF POLICIES (ORDINARY)
(For policies herein included involving disability benefits see Abstract.)
Classification.
Whole Life.
Endowment
Assurances.
Term and
Other.
Bonus
Additioiis.
Totals.
No.
Amount.
No.
Amount.
No.
Amount.
No.
Amount.
At end of 1919
6,264
1,463
11
10
117
8
%
20,277,825
5,494,532
47,000
16,421
579,803
7,600
1,784
466
1
1
24
1
4,126,240
998,777
2,500
1,053
101,000
800
2,720
1,190
10
5
79
S
13,872,640
6,006,016
29,000
15,354
163,713
S
15,147
10,768
3,119
22
16
220
9
$
38,291,852
12,499,325
78,500
997
33,825
844,516
Conversion from Group
8,400
Totals
7,873
26,423,181
2,277
5,230,370
4,004
20,086,723
16,144
14,154
51,756,418
Less ceased by:—
Death
88
232,765
11
57
32,875
218,238
18
71,000
117
67
47
127
537
2
220
336,640
611
218,849
47
26
271
1
138
273,571
140,107
1,590,060
273,571
42
216
1
58
233,922
750,525
59
50
92,458
143,000
45
466,542
2,483,585
115,266
24
68,947
660,303
844,516
405
1,332,478
201
555,528
501
2,735,041
656
1,107
4,623,703
At end of 1920
7,468
25,090,703
2,076
4,674,842
3,503
17,351,682
15,488
13,047
47,132,715
310,000
605,548
915,548
LIFE INSURANCE COMPANIES
423
SESSIONAL PAPER No. 8
The Travelers — Continued
MISCELLANEOUS.
New policies issued and paid for in cash: — Number 3,119; gross amount, $12,499,325; reinsured in other
licensed companies $222,048.
Total amount in force divided as to dividend plan: — ^Annual $120,929; deferred, $291,000; non-participating,
$46,720,786. Total $ 47,132,715
EXHIBIT OF POLICIES (GROUP)
Term
No.
of
Policies.
No.
of
Employees.
Amount
Assured.
At end of 1919
17
54
1,968
9,798
4,941
$
1,590,400
8,800,007
2,950,640
736,948
New Employees insured during 1920 under policies after date of
original issue. . . .
Total
71
16,707
14,077,995
Less ceased:—
Policies —
By lapse
1
70
9
5,039
69
50,000
8,400
3 488 227
Employees — ■
By termination of employment—
Without conversion
By death
72,068
Total ceased
1
5,187
3,618,695
At end of 192.0 *.
70
11,520
10,459,300
STATEMENT OF ACTUARIAL LIABILITIES.
Assurance Section.
Gross in Force.
Reinsured in Companies
licensed in Canada.
Num-
ber.
Amount.
Reserve.
Amount.
Reserve.
Ordinary with Profits: —
Life
117
72
$
244,750
146,500
5,191
15,488
105,653
123,765
277
11,057
$
$
Endowment Assurance
Term, etc
Bonus Addition
Totals
189
411,929
240,752
Ordinary without Profits: —
Life
7,351
2,004
3,573
24,845,953
4,528,342
27,805,791
4,085,951
1,146,828
226,474
32,159
91^945
310,000
13,167
Endowment Assurance
Term, etc. (includes Group)
605,548
8,030
Total and permanent disability
318
Additional reserve required by Sec. 103
(3) of Insurance Act 1917
(12,884,000)
Totals
12,928
57,180,086
5,583,357
915,548
21,515
Grand Totals
13,117
57,592,015
5,824,109
915,548
21,515
424
DEPARTMENT OF ly DURANCE
11 GEORGE V, A. 1921
The Travelers — Continued
STATEMENT OF ACTUARIAL LIABILITIES— Conc/urferf.
Annuity Section.
Class of Annuity.
Life Annuities Proper
Supplementary contracts: —
Involving life contingencies
Not involving life contingencies.
Totals
Gross in Force.
Num- .Annual
ber. Payment.
$ cts.
12,960 41
1,260 00
32,607 22
Reserve.
46,827 63
$
65,114
22,222
421,795
509,131
SUMMARY OF RESERVE.
Total reserve, policy and annuity contracts.
Total reserve on reinsured contracts
With profits. Without profits. Total.
.$ 240,752 $ 6,092.488 S 6,333,240
21,515 21,515
Total net reserve on the Company's basis of valuation. . . .$
240,752 $ 6,070,973 $ 6,311,725
MISCELLANEOUS STATEMENT.
I. The calculation o/ the "Reserve" in the "Statement of Actuarial Liabilities": —
(1) The Company values all insurance policies on the net level premium reserve system on the
"British Offices Life Tables, 1893, Om (5)" with the rate of interest at 3^% per annum. Insurance policies
are valued in groups, as to premium paying policies, by calendar years of issue, each year's issue being
sub-divided by plan and age at issue. Paid-up and extended term insurance are grouped by year of maturity
or expiration, each group being sub-divided by calendar year of birth — the valuation being based on the
net single premium for the age attained. Insurance contracts other than paid-ups are valued at the age
nearest birthdaj- at date of issue, this corresponding with the age on which the gross premium charge is
based. The duration is the number of full years elapsed between the calendar year of issue and the year
when the reserve is calculated, increased by one-half a year; that is, on a policy issued in the calendar
year of 1910 the reserve as of December 31, 1920, would be the eleventh year mean reser\^e.
Life Annuity contracts are valued individually on the "British Offices Select Life Annuity Tables,
1893," male or female, according to the sex of the annuitant, the age at entrj^ being taken as the age at last
birthday.
Special Classes.—
(a) The Company issues no policies on lives resident in tropical or subtropical countries.
(6) The company issues no contracts at premiums corrersponding to ages higher than the true ages.
(c) Policies subject to liens; that is, in cases where the payment of an amount less than the full amount
of insurance may be made in event of death during certain periods are valued for the full amount of insurance.
(d) Policies issued at a fixed extra premium payable annually are valued as standard insurance the
same as if no extra premium were charged. The company issues no policies providing for the payment
of a single extra premium.
(e) Most of the Company's business on sub-standard lives is issued according to certain mortality
ratings on the basis of the American Experience table, such as 125%, 150%, 200%, etc. Such a rate applied
to an individual risk means that it is considered that the probability of dying in each year is 125%, 150%
or some other per cent, as the case may be, of the normal probability of dying according to the American
Experience table. For valuation purposes, however, all the Company's substandard business is considered
as being on a 150% basis. A special mortality table, commutation columns, net premiums and reserve
have been calculated on the basis of 150% mortality and the Company's substandaid business is valued
on the basis of this exact reserve.
(/) Waiver of premium disability benefits were valued according to Hunter's Disability tables with
3% interest. On the Company's later contiacts, which provide for maturity in event of total permanent
disability, valuation was made on the basis of 2i times the reserve for the premium waiver benefit accord-
ing to Hunter's tables — this ratio having been lound upon examination to be sufficient 1o ccA'er the actual
reserve required. The reserve on policies issued with Disability Provision 1 and with Disability Pro-
vision 2 has been taken as 80% of the gross annual premiumson insurance issued with these provisions dated
in 1920 and in force December 31, 1920, and as 135% of the gross annual premiums of in.surance issued
with these provisions dated in 1919 and in force December 31, 1920 and as IbO',, of the gross annual premiums
of insurance issued with these provisions dated 1918 and in force Dec'^mber 31, 1920. These percentages
were chosen to insure that the resulting reserve would be greater than if it were actually valued on Hunter's
table. After disability the present value of premium waiver benefits is calculated according to the Life
Annuity values on disabled lives on Hunter's table. Under contracts which have matured at disability
the present value at 31% interest of the unpaid instalments is carried as a liability.
(g) The company has issued only two Life Annuity contracts on lives classed as under average and
such contracts have been valued as on the age last birthday to which the reduced rate charged corres-
ponds.
LIFE INSURANCE COMPANIES 429
SESSIONAL PAPER No. 8
The Tr.welers — Continued
MISCELLANEO US STATEMENT— ConcZwicrf.
(2) Items of special reserve —
(a) No special reserve is held under lirnited and single premium policies on account of prepaid or limited
loadings and no additional reserve is carried under immediate annuities to cover future expenses.
(6) The only guaranteed benefits which exceed in value the net premium reserve on the basis of valua-
tion employed are pro rata paid-up values, for which additional reserve of $500, has been included in
Liabilities — "Reserve, Special or Surplus Funds."
'c) No reserve is held in excess of the cash surrender value on account of lapsed policies subject to,
reinstatement but which have not been continued in force under automatic non-forfeiture provisions.
{d) No reserve is maintained to cover the option of renewal under term policies..
(e) No reserve is maintained to cover the option of conversion into higher premium policies.
II. Substandard policies issued with a fixed extra premium have the same cash surrender, paid-up
values and extended term insurance values as standard policies. Policies issued on a percentage mortality
basis as explained in 1-(1) have all these values worked on the corresponding extra mortality percentage
reserve as explained in (1) — (e), the same percentages of reserve being taken to obtain these values as
under standard policies.
III. The average gross rate of interest earned during the year 1920 by the Life Dept. was 5-35%. The
average net rate earned after deducting expenses was 4-88%
IV. The distribution of surplus. —
(a) The participating policyholders' share of the surplus is ascertained as indicated in (b) below.
The balance of the surplus is the property of the stockholders.
(b) The dividends paid by the Company in 1920 under its annual dividend contracts were determined
as follows;
Profit from loading — Certain percentages to cover expenses. 13% on the Ordinary Life and 20 Pay-
ment Life plans and 12% on the 20 Year Endowment plan were deducted from the gross premiums charged
by the Company. The difference between the resulting rates and the corresponding net premiums, accord-
ing to the American Experience table with 3% interest, was accumulated for one year at 41% interest.
Profit from Mortality — Mortality ranging from 44% to 85%, varying with the age and form, was used
in determining the mortality. The saving in mortality allowed ranges, therefore, from 15% to 56% of
the net cost of insurance, according to the American Experience table, 3% interest.
Profit from interest — Interest profit on the initial reserve at 1|% was used.
Summary: The sum of the above three items of profit represents the total dividend which could be
taken by the insured in cash or applied in reduction of the current annual premium, or be used to purchase
additional paid-up insurance on the basis of the net single premium at the age attained, according to the
American Experience Table of Mortalitj', .3% interest. The subsequent cash value of these additions was
computed on the same basis. The cash dividends cannot be converted into any other benefit.
Deferred dividends: The liability held on account of Deferred Dividend contracts is obtained by
accumulating the annual dividends that would have been paid on these contracts if they had been issued
on annual dividend forms, the accumulation being on the basis of the American Experience table with
4^% interest.
(c) All the company's Life Annuity contracts have been issued on the non-participating basis.
DEFERRED DIVIDEND POLICIES.
Issued prior to January 1, 1911, and Amount of Profits contingently apportioned thereto.
Year Total Net Profits
of Amount Contingently
Issue. in Force. Apportioned.
1904 $ 45,500 00 S 4,164 00
1905 107,0,00 00 8,387 00
1906 138,500 00 11,652 51
Totals $291,000 00 $ 24,203 51
11 GEORGE V, A. 1?21
426 DEPARTMENT OF INSURANCE
The Travelers — Cofitinued.
Schedule C.
Bonds and debentures — Par Department's
On deposit with Receiver General. Value. Value.
Government —
Canada— Victory Loan $ 462,000 GO $ 462,000 00
Quebec— Inscribed Stock 56,453 33 41,210 93
Cities —
British Columbia —
Vancouver 80,000 00 60, 110 00
Victoria 48, 66li (iti 39, 906 66
Manitoba— Winnipeg 25,000 00 22,000 00
Ontario —
Fort William 30,000 00 27,900 00
Port Arthur '. 43,000 00 42, 140 00
Sault Ste, Marie 61, 700 00 58, 598 00
Quebec— Montreal 4, 500 00 4, 185 00
$ 811,319,99 S 758,050 59
Held by Trustees —
Government —
Canada— Victory Loan $2,513,000 00 52,513,000 00
Ontario— Debentures 200, 000 00 200, 000 00
Cities —
British Columbia —
Vancouver 80, 000 00 57, 640 00
Victoria 152,333 33 120,800 00
Manitoba —
Brandon 50,0,00 00 47,750 00
Winnipeg 14,000 00 13, 160 00
Ontario —
Fort William 20,000 00 18,600 00
Guelph 27,000 00 26,460 00
London 15,000 00 15,000 00
Toronto 75, 433 33 64, 118 33
Quebec —
Lachine 10, 000 00 8, 600 00
Montreal 3, 000 00 2, 400 00
Sherbrooke 100, 000 00 98, 000 00
St. Hyacinthe 25,000 00 22,250 00
Westmount 100,000 00 84.000 00
Towns —
Ontario —
Kenora 10,000 00 9,400 00
Ingersoll 3, 800 00 3, 154 00
Quebec— Outremont 3,000 00 2,910 00
Loans on Parochial and other Public Rates — Quebec —
St. Denis 91,599 74 86, 103 76
St. Jean Baptiste 100, 662 90 87, 576 72
St. Viateur d'Outremont 208, 621 24 194, 295 32
Schools —
Afamto6a— Winnipeg 50,000 00 41,500 00
Quebec —
Hochelaga 25, 000 00 21, 250 00
Lachine 30,000 00 24,600 00
Maisonneuve 39, 576 60 34, 035 88
Montreal 100,000 00 84,000 00
Notre Dame de Grace 30, 000 00 27, 000 00
St. Stanislas 50, 000 00 46, 500 00
Railway— Winnipeg Electric Ry. Co., 1st Ref. Mtge. S.F., 1935,
5 p.c 100, 000 00 95, 000 00
Montreal Board of Trade, 1st Mtge., 1922, 4| p.c 210,000 00 193,200 00
Montreal Light, Heat and Power Co., 1932, 4§ p.c 250,000 00 230,000 00
Toronto Harbour Commissioners, 1st Mtge., (g'tted by
Toronto), 1953, 4J p.c 65,000 00 59,150 00
$4,752,027 14 $4,531,454 01
$5,563,347 13 $5,289,504 60
LIFE INSURANCE COMPANIES 427
SESSIONAL PAPER No. 8
The Travelers — Continued.
Schedule E.
Cash in banks —
Registrar's Account, Royal Bank — Montreal $ 102, 294 17
Cashier's Account, Royal Bank — Montreal 1,518 23
Toronto 526 16
Winnipeg 985 51
Halifax 79 28
Ottawa 82 20
$ 105,485 55
GENERAL BUSINESS STATEMENT FOR THE YEAR ENDING DECEMBER 31, 1920
INCOME.
Total premium income $ 36, 096, 481 26
Consideration for supplementary contracts involving life contingencies 13, 590 78
Consideration for supplementary contracts not involving life contingencies 819,916 15
Interest and rents 6, 153, 885 76
Gross profit on sale or maturity of ledger assets 3, 801 00
Gross increase, by adjustment, in book value of ledger assets 100, 844 84
All other income 29, 276 99
Total income $ 43,217,796 78
DISBURSEMENTS.
Net amount paid for losses and matured endowments $ 11, 492, 100 94
For annuities involving life contingencies 320, 121 87
Surrender values paid in cash, or applied in liquidation of loans or notes 1,256,265 06
Surrender values applied to pay renewal premiums 3, 643 60
Surrender values applied to purchase paid-up insurance and annuities 2, 115 11
Dividends paid to policyholders in cash, or applied in liquidation of loans or notes 39, 848 23
Dividends applied to pay renewal premiums 38, 783 25
Dividends applied to purchase paid-up additions and annuities 27,911 93
Expense of investigation and settlement of policy claims 67, 313 33
Paid for claims on supplementary contracts not involving life contingencies 796, 581 94
Commissions to agents 5, 485, 597 85
Compensation of managers and agents not paid by commission for services in obtaining
new insurance 14, 679 31
Branch office expenses 1,617,448 11
Agency supervision and travelling expenses of supervisors 245, 013 14
Medical examiner's fees and inspection of risks 551 , 231 60
Salaries and all other compensation of officers, directors, trustees, and home office em-
ployees 1, 389, 379 11
Travelling expenses of home oiBce employees 84, 041 04
Rent 599, 648 72
Taxes on real estate 140, 824 55
State taxes on premiums. Insurance Department licenses and fees 418, 322 31
All other licenses, fees and taxes 538, 168 31
Agents' balances charged ofT ■ 360 72
Gross loss on sale or maturity of ledger assets 59, 942 33
Gross decrease, by adjustment, in book value of ledger assets 224, 787 20
All other disbursements 996, 663 08
Total disbursements $ 26, 410, 792 64
LEDGER ASSETS.
Book value of real estate $ 6, 127,361 85
Mortgage loans on real estate, first liens 48,276,726 41
Premiums reported to War Risk Insurance Bureau 575 49
Loans to policyholders on the company's policies assigned as collateral 16, 668, 123 57
Book value of bonds and stocks 57, 570, 141 88
Cash on hand, in trust companies and in banks 3,945,559 97
Funds held under reinsurance treaties Ill, 640 00
Agents' balances 137 56
Total ledger assets $ 132,700,266 73
428 DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
The Travelers — Concluded.
NON-LEDGER ASSETS.
Interest due and accrued S 2, 228, 238 95
Net amount of uncollected and deferred premiums 4,580,827 48
Market value of bonds and stocks over book value. • 368,944 .50
Duo from other companies for losses or claims on policies of this company reinsured 91,824 08
Gross assets $ 139,970, 101 74
Deduct assets not admitted 180, 600 55
$ 1.39,789,-501 19
Admitted assets of casualty branches 55, 244, 668 68
Total admitted assets $ 195,034, 169 87
LIABILITIES.
Net reserve (American Experience Table with 3 and 32- per cent interest for assurances
and dividend additions McClintock's Table of Mortality with interest at 3j per
cent for annuities) S 128, 393, 717 00
Extra reserve for total and permanent disability benefits and for additional accidental
death benefit 980,362 00
Present value of amounts not yet due on supplementary contracts not including life con-
tingencies .- : • ■ 5, 734, 105 00
Present value of amounts incurred but not yet due for total and permanent disability
benefits H8,492 00
Liability on policies cancelled upon which a surrender value may be demanded 15,357 60
Total policy claims iJSe, 637 44
Due and unpaid on supplementary contracts not involving life contingencies 1, 157 92
Premiums paid in advance, including surrender values so applied 88,534 45
Salaries, rents, etc., due or accrued 70,534 55
Unearned interest and rent paid in advance 351, 779 09
Commissions to agents due or accrued ^7, 789 66
Medical examiners' and legal fees, due or accrued 52,000 34
Federal, state or other taxes, due or accrued (estimated) 925,971 04
Dividends or other profits due policyholders 4, 431 40
Amounts set apart, apportioned, provisionally ascertained, calculated, declared or held
awaiting apportionment upon deferred dividend policies 444, 670 00
Dividends declared on, or apportioned to, annual dividend policies payable 1921 65,847 64
Dividends declared on, or apportioned to, deferred dividend policies payable 1921 41, 146 62
Reserve special or surplus funds 45, 000 00
Unassigned funds (surplus) 8,891,800 87
Funds held under reinsurance treaties. . .• Ill, 640 00
Capital stock paid in cash 7.500,000 00
Total liabilities of casualty branches 40, 623, 195 25
Total liabilities * $ 195,034,169 87
EXHIBIT OF POLICIES.
Ordinary. Group.
Number. Amount. Number. Amount.
Issued during the year 89,592 $344,611,636 569 $106,149,453
Terminated 18.228 56,992,965 109 161.346,453
In force at end of the year : 359.640 1,142,693,571 1,852 433,645,422
LIFE INSURANCE COMPANIES
429
SESSIONAL PAPER No. 8
THE TRAVELLERS LIFE ASSURANCE COMPANY OF CANADA.
Statement for the Year ending December 31, 1920.
President, Hon. George P. Graham — Vice-Presidents, J. N. Greenshields, K.C, Hon. Lorne
C. Webster — Secretary and Actuary, Arthur P. Earle, A. LA., A.A.S. — Head Office,
Montreal.
(For List of Directors see Appendix).
(Incorporated June 16, 1908, by an Act of the Parliament of Canada. 7-8 Edward VII Cap. 165. Commenced
business May 26, 1910).
CAPITAL STOCK.
Authorized $ 1,000,000 00
Subscribed 799, 700 00
Paid in Cash -. 117, 840 00
Premium on Capital Stock paid by Shareholders 199,425 00
(For List of Shareholders see Appendix).
SUMMARY BALANCE SHEET.
Total Ledger Assets .$
Deduct e!(cess of total book value of
Ledger Assets over total Depart-
ment's value
Total Ledger Assets taken at Depart-
ment's value .1
Non-ledger Assets
Liabilities.
903,732 98 Total Liabilities i
Excess of Assets over Liabilities: —
Capital Stock paid in
11,451 73 cash $117,840 00
Surplus 224 48
892,281 25
109,4.38 37
Total Assets $ 1,001,719 62
5,655 14
118,064 48
Total $ 1,001,719 62
SYNOPSIS OF LEDGER ACCOUNTS.
As at December 31, 1919:-
Net Ledger Assets
Borrowed money
645,595 28
150,000 00
Total Ledger Assets $ 795, 595 28
Increase in Ledger Assets in 1920:-
Income
.$ 398,973 03
Total $ 1,194,568 31
Decrease in Ledger Assets in 1920: —
Disbursements $ 190,835 33
Decrease in borrowed money.. 100,000 00
Total decrease $ 290,835 33
As at December 31, 1920:
Net Ledger Assets . . .
Borrowed money
$ 853,732 9S
50,000 OC
Total Ledger Assets S 903, 732 98
Total S 1,194,568 31
430 DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
The Travellers Life of Canada — Continued
ASSETS.
Ledger Assets.
Mortgage loans on real estate, first liens S 50, 200 00
Amount secured by the Company's policies in force, the reserve on each policy being in
excess of all indebtedness: —
Loans to policyholders $ 53, 870 86
Advances to policyholders under automatic non-forfeiture provisions 10,299 36
64,170 22
Book value of bonds, debentures and debenture stocks owned by the Company {For details
see Schedule C) ? 749,700 23
Cash: At Head Office, $1, 503,68; In Banks, $38,158 .85 {For details see Schedule E) 39, 662 53
Total Ledger Assets S 903,732 98
Deduct excess of total book value of real estate, bonds, debentures and stocks over total
Departments' value - 11,451 73
Total ledger assets taken at Department's value $ 892, 281 25
Non-Ledger Assets.
Interest or dividends on — Due. Accrued.
Mortgages $ 650 00 S 669 99
Bonds and debentures 2, 900 00 6, 948 80
Total interest $ 3,550 00 S 7,618 79
11,168 79
Due from other licensed companies on reinsured contracts for losses or claims paid 1,659 00
Gross premiums, less reinsured: — First Year Renewal.
Due and uncollected $ 23,280 94 $ 48,10160
Deferred 7, 327 98 20. 774 43
Total 8 30,608 92 S 68,876 03
Deduct commissions and estimated loss in collection.. . 6,121 78 1,721 90
Net premiums due and uncollected, and deferred S 24,487 14 $ 67,1.54 13
91,641 27
Office furniture 4,969 31
Total Non-Ledger Assets S 109,438 37
Total Assets S 1,001,719 62
LIABILITIES.
Net liability under assurance, annuity, and supplementarj^ contracts in force for payments
not due, dependent on life, disability or any other contingency or on a term certain
{See Statement of Actuarial Liabilities) S
Net liabilitv for payments due under contracts:— Death losses: unadjusted, $9,000; resisted,
in suit, $100
Received from policyholders in advance: — Premiums, $886.38; interest, $760.89
Net dividends to policyholders due and unpaid
Provision for profits to policyholders payable in the year following the date of account ....
Provincial, municipal and other taxes due and accrued
Balance of shareholders' surplus account
Salaries, rents and office expenses, due and accrued
Medical examiners' fees due and accrued
Borrowed money
813,806 06
9,100 00
1,647 27
45 34
1,628 92
3,000 00
2,160 00
1,283 55
984 00
50,000 00
Total Liabilities $ 883,655 14
LIFE INSURANCE COMPANIES
431
SESSIONAL PAPER No. 8
The Travellers Life of Canada — Continued
INCOME.
First Year.
Assurance premiums S 121,348 51
Less reinsurance premiums paid 9,944 85
Total net premiums S 111,403 66
Renewal.
$ 280,596 73
36,410 72
$ 244,186 01
Gross interest or dividends on —
Mortgages $ 4,215 17
Collateral loans 238 38
Bonds and debentures 37,307 78
Premium notes, policy loans and liens 4, 725 53
Other assets 289 32
-$ 355,589 67
Total .S 46, 776 18
Less interest on bank loans 5, 603 65
Advances made to agents in previous years and recovered during the year
Income from all other sources: — Advance deposits, ?33.?0; excbarge, $1,703.55.
Gross profit on sale or maturity of ledger assets: — Bonds
Total Income.
41,172 53
38 39
1,736 75
435 69
.$ 398,973 03
DISBURSEMENTS.
In respect of assurance contracts: — • Death
Death and disability claims — Claims.
Amount assured $ 51,175 29
Less received for reinsured 17,000 00
Disability
Claims.
S 30 60
Net total $ 34,175 29 $
30 60
Net surrender values. . .
Net dividends, in cash.
Total Disbursements $
EXHIBIT OF ANNUITIES.
34,205 89
9,541 78
604 07
Total net disbursements in respect of assurance contracts $ 44, 351 74
Net payments on supplementary contracts: — Not involving life contingencies 500 00
Taxes, licenses and fees (including taxes on investments but excluding taxes on real estate) . 6,407 17
*Head office expenses: — Salaries, $16,706.55; directors' fees, $140; auditors' fees, $700;
travelling expenses, $675; rents, $2,018.81 _. ._. 20,240 36
Branch office and agency expenses:— Assurance commissions — first year, $67,084; renewal,
$12,390.99 salaries, $21,534.40; rents, $1,991.81 103,001 20
•All other expenses:- — Advertising, $1,072.17; books and periodicals, $174.36; express,
telegrams and telephones, 8581.29; legal fees, $764.17; medical fees, $6,7.32.22; office
furniture, $739.99; postage, $867.25; printing and stationery, $4,299.91; appraisement
expenses, $50; Fire insurance premiums, $38; inspection fees, $316.50; miscellaneous,
$699 16,334 86
190,835 33
Classification.
Arising out of Life
Assurance
Contracts.
Not involving
Life
Contingencies.
No.
Annual
Paj'ment.
At end of 1919
1
$ cts.
500 00
At end of 1920
1
500 00
*Investment expenses included in these items: — Salaries, Head OflBce, $1,000 00; appraise-
ment expenses, $50 00. Total investment expenses $ 1,050 00
432
DEPARTMEyT OF INSURANCE
11 GEORGE V, A. 1921
The Travellers Life of Canada — Continued
EXHIBIT OF POLICIES.
(For policies herein included involving disability benefits, see Abstract.)
Classification.
Whole
Life.
Endowment
Assurances.
Term and
Other.
Totals.
No.
Amount.
No.
Amount.
No.
Amount.
No. Amount.
At end of 1919
2,973
1,152
11
10
S
5,869,420
2,581,919
13,. 500
18,000
1,991
712
6
5
$
2,323,608
979,468
8,500
7,000
178
44
$
612,147
225,000
S
5,142 8,805,175
New issued
1,908 3,786,387
Old revived
17 22,000
Transferred to
33
20,911
48 45.911
Totals
4,146
8,482,839
2,714
3,318,576
255
858.058
7,115
12,659,473
Less ceased by : —
Death
16
47,500
10
9,750
26
9
50
429
"'l75
48
57,250
Expiry
9
1
19
7
5
49,000
5,000
72,000
1,306
40,000
10,000
49,000
Surrender
23
230
.38.500
410,1.50
42.212
185,500
21,523
26
180
""78
12
23,750
202,900
4,655
69,250
14,388
67,2.50
Lapse
685,050
Decrease
48,173
Not taken
90
31
294,7.50
Transferred from
45,911
Total ceased
390
745,385
306
324,693
41
177,306
737
1,247,384
At end of 1920
3,756
7,737,454
2,408
2,993,883
214
680,752
6,378
11,412,089
Reinsured
1,046,349
213,994
......
230,020
1.490.363
MISCELLANEOUS.
New policies issued and paid for in cash: — Number, 1,715; gross amount, .53,387,191; reinsured in
other licensed companies. S360.042.
Claims reinsured: — Death claims, .517,000.
Total amount in force divided as to dividend plan: — Quinquennial, -53,721,990; deferred, 13,328,656;
non-participating, 54,361,443. Total, S 11,412,089.
STATEMENT OF ACTUARIAL LIABILITIES.
AssuR.\NCE Section'.
Class of Contract.
Gross in Force.
Reinsured in Companies
licensed in Canada.
No.
Amount.
Reserve.
Amount.
Reserve.
Ordinary -with Profits —
Life
2,803
2,031
76
S
4,707,199
2.312,709
88,610
S cts.
353,566 50
290,151 19
2,536 80
916 00
S
286,446
116,906
9,997
S cts.
33,714 64
Endowment assurance
11,222 64
Term, etc
40 41
Totals
4,910
7,108.518
647,170 49
413,349
44,977 69
Ordinarri without Profits —
Life
953
377
138
3,030,255
681,174
592,142
264,145 93
103,395 91
5,666 75
415 22
768,804
83,479
168,723
89,697 92
Endowment assurance
16,930 89
Term ,etc
1,522 10
Totals
. 1,468
4,303,571
373,623 81
1,021,006
108,150 91
Grand Totals
6,378
11,412,089
1,020,794 30
1,434,355
1.53,128 60
urn rxsrh'.w'ci: rourANiKS
433
SESSIONAL PAPER No. 8
The Thavellers Life of Canada — Continued.
STATEMENT OF ACTUARIAL 'LIXBILITIKS— Concluded.
Annuity Section.
Gross in Force.
Class of Annuity.
No.
Annual
Payment.
Reserve.
Without Profit.'^ —
1
$ cts.
500 00
? cts.
6.231 97
Totals
1
500 OOl 6,231 97
SUMMARY OF RESERVE.
Witli Without
Profits. Profits. Total.
Total re.serve, poliov and annuity contracts S 647, 170 49 $ .379,855 78 SI, 027,026 27
Total reserve on reinsured contract.-* 44,977 69 108, 150 91 153, 128 60
Total net re.serve on the Company's basis of valuation S 602, 192 80 $ 271,704 87 $ 873,897 67
Deduction made therefrom (being the full deduction permitted
under Section 43 (3), Insurance Act, 1917) 40, .545 98 19, .545 63 60,091 61
Net reserve carried in the liabilities $ 561,646 82 $ 252, 1.59 24 $ 813,806 06
Net reserve estimated on the statutory basis (without deduction)? 603,192 SO -S 271,704 87 $ 874,897 67
Re.serve maintained by the Companv in excess of the statutory
reserve .'. 1,000 00 Nil. 1,000 00
MISCELLANEOUS STATEMENT.
I. The calculation of the "Reserve" in the "Statement of Actuarial Liabilitie.i."
(1) Policies were valued individually according to medial duration and ages at issue. Prior to Oct. 10,
1914, policies were issued at ages next birthday, unless not more than two months had elapsed since
the last birthdaj' prior to date of issue, in which case the age last birthday was taken. Policies issued
subsequent to Oct. 10, 1914 were rated at ages at nearest birthday. The basis of valuation was the
OM (5) Table of Mortality and 3% interest for Life Participating Policies issued prior to .January 1st
1913, and 32% interest for all other Policies.
Special Cla.^ses —
(a) No policies have been issued on lives resident in tropical or subtropical countries.
(6) Where policies were issued at premiums corresponding to ages higher than the true ages, the re-
serve was taken at the higher ages.
(c) Where policies were issued with liens, the full reserve was maintained.
id) No additional reserve was set aside on account of extra premiums.
(e) No policies were issued on sub-standard lives, except as described in (6), (c) and {d).
(/) An additional reserve equal to the unearned premiums was set aside for policies contiaining dis-
ability benefits. (2) Waiver of premiums granted in one case only and full reserve maintained.
io) No annuities have been issued.
(2) Items of Special Reserve.
(a) No special reserves are maintained except as follows: —
(6) An adequate additional reserve is held in respect to policies providing for guaranteed benefits
which exceed in value the net premium reserve on the basis of valuation.
II. No modifications are made in cash surrender or paid up insurance values. In case of sub-standard
lives, the extended term in.surance is usually omitted.
III. The average rate of interest earned during the year on the mean net ledger assets was 5-78 per cent.
IV. The Distribution of Surplus. —
(a) Up to the present moment the Shareholders, by unanimous consent, have waived their right to
participate in the division of profits earned, so that all .such profits have been credited to Policy-
holders account.
(b) The first distributionof dividends was made in the year 1920. 25% of the previous year's mortality
cost and 1% of the previous year's initial reserve was allocated to all policies which had been in
force five years or more. Dividends are converted into premium reduction, reversionary bonus
addition etc., on a net premium basis.
(c) No annuities have been issued.
8—28*
434
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1521
The Travellers Life of Canada — Conclude I.
Schedule C.
•Bonds and debentures —
Par value.
Governments —
Canada— Victory Loan $ 200, 300 00
New Brunswick — Debentures 25,000 00
Ontario— Debentures 20,000 00
Russia— Internal Loan 26, 239 50
Ciit'-.s—
Albrrtn— Calgary 24,333 31
British Columbia— VictOTia 10, 000 00
Manitoba- AVinnipeg 15, 000 00
Ontario —
Brantford 20,000 00
Fort William 10,000 00
Guelph 10,000 00
Peterborough 20,000 00
Port Arthur 18,000 00
Sault Ste. Marie 5, 000 00
Windsor 16,000 00
Quebec —
Hull 1,000 00
Lachine 3,000 00
Montreal 58, 599 99
Quebec 6,000 00
Three Rivers 5,000 00
Saskatchewan — Moose Jaw 15,866 66
Towns .^Quebec —
Maisonneuve 17,219 99
St. Lambert 5,000 00
St. Pierre aux Liens 5, 000 00
Shawinigan Falls 11,000 00
District, Manitoba —
Greater Winnipeg Water District 21, 729 66
Schools, Quebec —
Montreal, Protestant 40,000 00
Montreal, R. C 1,000 00
Shawinigan Falls, Protestant 15,000 00
Railways —
Canadian Northern Ontario Ry.. 1st Mtge.
(G'teed by Dom. of Canada) 1961, 3^ p.c... 97,332 00
Grand Trunk Pacific Ry., 1st Mtge, (G'teed
by Dom. of Canada) 1962, 3 p.c 19,440 00
Grand Trunk Pacific Ry. (G'teed by Dom.
of Canada) 1962, 4 p.c 85, 050 00
Miscellaneous —
National Brick Co. of Laprairie, Ltd., 1st
Mtge., 1951, 6 p.c 10,000 00
St. LaTiTcnce Sugar Refineries Co., Ltd.,
1st Mtge. S. F., 1932, 6 p.c 10,000 00
Toronto Harbour Commissioners 1st. Mtge.
(G'teed by Toronto) 1953, 4§ p.c 35,000 00
Book value.
Department's
value.
200,300 00
24,556 90
18,801 00
16,575 00
$ 200.300 00
24,556 90
18.801 00
11,877 95
18,219 64
9,524 52
14,667 30
18.219 64
9,524 52
14.067 00
19, 170 25
8, 170 58
10,320 80
20,634 52
14,200 66
4,503 92
14,980 58
16,600 00
8, 170 58
9,100 00
19,320 00
14,200 66
4,503 92
14,980 58
854 79
2,382 09
47,419 00
6,000 00
4,397 07
12,330 92
854 79
2,382 09
47.419 00
6,000 00
4,200 00
12,330 92
15,387 76
4,963 06
4,640 83
10,494 41
15,387 76
4,963 06
4,650 00
10,674 76
16,979 90
16,979 90
36,310 45
786 40
14,586 63
36,310 45
786 40
14,586 63
54.797 92
54,797 92
10,072 34
10,072 34
67,004 07
67,004 07
5, 100 00
5,100 00
10,041.26
9,000 00
30,525 66
30,525 66
$ 882,111 11
$ 749. 700 23
$ 738.248 50
Schedule E.
Cash in banks —
Bank of Montreal — Montreal $
Bank of Vancouver — -Vancouver
Merchants Bank of Canada — Montreal
Ottawa
Imperial Bank of Canada — St. Catharines
Royal Bank of Canada — Fort William
Total S
.$
11,972 10
381 54
17,768 79
1,818 88
3,038 15
3, 179 39
■ S
38, 158 85
•Of which are on deposit with Receiver General:— City of Brantford. $20,000; City of Guelph, $10,000;
City of Peterborough, $20,000; City of Throe Rivers, $5,000; City of W'innipeg, $5,000.
LIFE INSURANCE COMPANIES 435
SESSIONAL PAPER No. 8
UNION MUTUAL LIFE INSURANCE COMPANY.
Statement for the Year ending December 31, 1920.
President, Arthur L. Bates — Secretary, Sylvan B. Phillips — Actuary, Samuel S. Boyden — •
Principal OfRce, Portland, Me., U.S.A. — Chief Agent in Canada, Henri E. Morin —
Head Office in Canada, Montreal. P.Q.
(Organized July 17, 1848. Commenced buginess in Canada October 12, 1868.)
No CAPiTAi Stock
ASSETS IN CANADA.
Ledger Assets.
Held solely for the Protection of Canadian Policyholders.
Department's value of bonds, debentures and debenture stock owned by the Company
on deposit with the Receiver General {For details see Schedule C) S 1 , 875, 752 32
Other Ledger Assets.
Amount secured by the Company's policies in force, the reserve on each policy being in
excess of all indebtedness: —
Loans to policyholders $ 374, 587 11
Premium obligations 14, 740 33
389,327 44
Cash in banks {For details see Schedule E) 93,401 60
Total Ledger Assets S 2, 358,481 36
Non-Ledger Assets.
Interest on — Due. Accrued.
Bonds and debentures S 20,093 39
Premium notes, policy loan.'? and liens $ 540 59 3, 264 47
Total interest $ 540 59 $ 23,357 86
$ 23,898 45
Gross premiums, less reinsured: — First Year. Renewal.
Due and uncollected $ 1,42167 $ 15,139 46
Deferred 312 04 6, 112 15
Total $ 1,733 71 $ 21,25161
Deduct commissions and estimated loss in collection 345 88 4,239 70
Net premiums due and uncollected, and deferred $ 1,387 83 $ 17,01191
18,399 74
Total Non-Ledger Assets S 42,298 19
Total Assets In Canada S 2,400,779 55
LIABILITIES IN CANADA.
Net liability under assurance, annuity, and supplementary contracts in force for payments
not due, dependent on life, disability or any other contingency or on a term certain
(,See Statement of Actuarial Liabilities) , S 2,052,935 00
Death Matured
Net liability for payments due under contracts: — Losses. Endowments.
Adjusted but unpaid $ 1,18186 $ 7,626 41
Unadjusted 23, 536 80
Totals $ 24,718 66 $ 7,626 41
Provision for unreported death losses and disability claims ■.
Dividends left with the Company (arising out of assurance contracts) including interest
accumulations
Received from policyholders in advance: — Premiums, S563.65; interest, $6,100.20
Net dividends to policyholders due and unpaid
Provincial, municipal and other taxes due and accrued
Medical examiners' fees due and accrued
Commissions to agents due and accrued
32,345 07
2,500 00
4,488 54
6,663 85
4,378 13
5,000 00
523 00
69 98
Total Liabilities in Canada S 2, 108,903 57
8—28**
436
ni:r\iirMi:\T or nsrRAXCE
11 GEORGE V, A. 1921
Union Mutual — Covlimni).
INCOME IN CANADA.
First Year. Renewal. Single
Assurance premiums % 37,065 21 $ 2a3, 798 13 $ *3,954 99
I-ess rein.surancc premiums paid 770 36
Total net premiums $ 36,294 85 $263,798 13 % 3,954 99
Consideration for supplementary contracts involving life contingencies
Dividends left witli the Company at interest (ari.sing out of a.ssurance contracts)
Gross interest or dividends on —
Bonds and debentures $ 91 , S16 04
I'remium notes, policy loans and liens 21,879 19
Other as.>jets 627 97
Exchange.
.304.047 97
64 68
793 40
114,. 323 20
3,652 .57
Total Income in Canada % 422, 881 82
DI8BURSEMENTS IX CANADA.
Death
Claims.
Matured
Endowments.
In respect of assurance contracts: —
Death and endowment claims —
Amount a.ssured % 176,088 10 $ 50,911 86
Bonus addition 4,42121 77174
Total .
$ 180,509 31 $ 51,683 60
Net surrender values
Net dividend.s —
In cash
Left with the company at interest.
Applied as single premiums:- —
To purchase bonus addition. .
To purchase life income
%
232,192 91
90, .5.36 82
3,9.54 99
64 68
43,001 01
793 40
4,019 67
Total net dividends
In respect of life annuitj' contracts: — Cash payments to annuitants.
47,814 68
194 81
Total net disbursements in respect of assurance and annuity contracts . ? 370, 739 22
Net payments on .supplementary contracts: — Not involving life contingencies 450 00
Taxes, licenses and fees (including taxes on investments but excluding taxes on real estate). 5,. 343 86
Branch office and agencj' expenses: — Assurance commissions^first year, .$16,396.51; renewal,
SI6,864.32; .salaries, S6,.328.48; travelling expenses. $700.53; rents, $2,136.73; miscel-
laneous, $2,325.80 44, 752 37
All other e.xpen.ses: — Advertising, $83; legal fees, $354; medical fees, $1,641.50; office
furniture, $74.95; printing and stationery, $25.30 2, 178 75
Total Disbursements in Canada $ 423,464 20
EXHIBIT OF ANNUITIES.
Life Annuities
Proper.
Arising out of Life Assurance
Contracts.
Totals.
("la.ssification.
Involving Life
Contingencies.
Not involving Life
Contingencies.
No.
Annual
Payment.
No.
Annual
Paj-ment.
No.
Annual
Payment.
No.
Annual
Payment.
At end of 1919
1
$ cts.
03 96
6
1
$ cts.
127 19
3 66
2
$ cts.
450 00
9
1
$ cts.
641 15
New issued
3 66
At end of 1920
1
&3 96
7
1.30 85
2
450 00
10
644 81
'Paid by application of tussurance dividends.
/.//•'/; l.WSURANCE COMPANIKS
437
SESSIONAL PAPER No. 8
Union ]\Iutual — Continued.
EXHIBIT OF POLICIES.
Classification.
Whole
Life.
Endowment
Assurances.
Term and
Other.
Bonus
Additions.
Totals.
No.
Amount.
No.
Amount.
No.
Amount.
No.
Amount.
At end of 1919
New issued
3261
253
8
46
$ cts.
6,075,661 00
614,500 00
11,000 00
177,826 00
697
32
1
9
S cts.
1,067,146 00
70, .500 00
1,000 00
26,171 04
369
62
$ cts.
1,. 348, 031 79
433,000 00
.S cts.
91.. 540 26
6,8.54 62
4,327
.347
9
88
$ cts.
8,582,379 05
1,124,854 62
1> 000 00
33
59,891 00
263,888 04
Totals
3568
6,878,987 00
739
1,164,817 04
464
1,840,922 79
98,394 88
4,771
9,983,121 71
Less ceased by: —
Death
53
86,040 00
17
49
36,. 569 00
.58,232 04
2
3,000 00
3,614 .36
969 60
2^ 516 91
11 21
72
49
.35
176
69
88
15
r^G 2'^3 30
Maturity
59 '^01 64
35
5
7
53
75,597 22
17,000 00
.36,000 00
201,000 00
75 597 22
Surrender
Lapse
Decrease
161
60
28
8
202,500 00
93,500 00
62,740 00
15,000 00
10
2
7
7
17,295 00
2,000 00
14,500 00
7,000 00
239,. 311 91
131,511 21
278,240 00
oy 000 00
Xot taken ....
Total ceased
310
459,780 00
92
135,596 04
102
332,597 22
7,112 08
504
935,085 34
At end of 1920
3258
6,419,207 00
647
1,029,221 00
362
1,508,325 57
91,282 80
4,267
9,048,036 37
Reinsured
14,000 00
. . 17, 000 00
31 000 00
MISCELLANEOUS.
New policies issued and paid for in cash: — Number, .347; gross amount, $1,085,000; reinsured
in otlior licensed companies, $31,000.
Total amount in force divided as to dividend plan: — Annual, S7, 938, 172.37;
dcfeired , $1 , 109, 864.00. Total $9, 048,036 37
STATEMENT OF ACTUARIAL LIABILITIES.
Assurance SEcrroN.
Class of Contract.
Gross in Force.
Reinsured in Companies
licensed in Canada.
No.
Amount.
Reserve.
Amount.
Reserve.
Vrdinanj with Profits: —
Life
3,258
647
362
$ cts.
6,419,207 00
1,029.221 00
1,. 508. 325 .57
91,282 80
$
1.422,143
508,619
22,469
.54,683
39,364
14,000
290
Endowment assurance
Term, etc
17,000
102
Bonus addition
Extra on account of guaranteed values. . .
Totals
4,267
9,048,036 37
2,047,278
.31,000
392
438
DEPARTMENT OF INSURANCE
I 11 GEORGE V, A. 1921
Union Mutual — Cordinued.
STATEMENT OF ACTUARIAL LIABILITIES— Condudrd.
Annuity Section.
Class of Annuity.
Gross in Force.
No.
Annual
Payment.
Reserve.
Without Profits: —
Life Annuities proper
Supplementary contracts: —
Involving life contingencies
Not involving life contingencies
Totals
10
$ cts.
63 96
1.30 8.5
450 00
644 81
708
1,249
4,092
6,049
SUMMARY OF RESERVE.
Total reserve, polifcy and annuity contracts $
Total reserve on reinsured contracts
With
Without
Profits.
Profits.
Total.
2,047,278
$
6,049
$
2,053,327
392
392
Total net reserve on the Company's (statutory) basis of valuation $ 2, 046, 886 S
6,049 $ 2,052,935
MISCELLANEOUS STATEMENT
I. The calculation of the "Reserve" in the "Statement of Actuarial Liabilities" —
(1) Policies and Annuities were valued upon the mean basis of valuation on the O™ (5) Table of Mortal-
ity, with interest at 3|%, at the nearest age at date of issue figured from the date of birth given in the
original application, the office premium for such policies being computed at that age.
Special Classes —
There are no special class policies.
(2) Items of special reserve —
No special reserves are maintained.
II. There are no special class policies.
III. The average rate of interest earned during the year on the mean net ledger assets was 4-74 per
cent.
IV. The distribution of surplus —
(a) Purely mutual company. All surplus belongs to policyholders.
(6)To each annual dividend policy issued prior to January 1, 1901, there is apportioned from the
surplus of this Company a dividend equal to the aggregate of 2| per centum of the loading plus
10 per centum of the tabular mortality for the year, and to all other annual dividend policies a
dividend of the same percentage of the loading and tabular mortality plus 331 per centum of the
tabular interest on the initial re.serve, said dividend to be distributed to each policy upon its
respective anniversary date in 1920 if the premium then due is paid, unless otherwise provided
in said policy: provided however, that upon any of said policies issued prior to January 1, 1909,
as may have become paid up and upon which a policy loan may be outstanding on said anniversary
date, said dividend shall be distributed only if the interest then due on said loan is paid.
DEFERRED DIVIDEND POLICIES.
Issued prior to January 1, 1911, No profits have as yet been apportioned thereto except
on classes ending their periods.
Year of Issue.
Total Net
Amount
in Force.
1901 8 208, 250 00
1902 245,000 00
1903 265, 510 00
1904 223,000 00
Year of Issue.
Total Net
Amount
in Force.
1905 $ 164,104 00
1907 3,000 00
1909 1,000 00
Total $ 1,109,864 00
LIFE INSURANCE COMPANIES
439
SESSIONAL PAPER No. 8
Union Mutual — Continued.
Schedule C.
Bonds and debentures on deposit with Receiver General —
Governments — Par value.
Canada— Victory Loan $ 75, 000 00
War Loan 317,500 00
Alberta— Debentures 50, 000 00
Manitoba— Debentures 145, 632 00
New Brunswick — Debentures 80, 500 00
Ontario— Annuities 129,628 77
Debentures 60,000 00
United Kingdom of Great Britain and Ireland — Bonds. 100 000 00
Cities —
British Colu7nbia —
Vancouver 31,300 00
Vernon 15,000 00
Victoria 48,666 67
Manitoba —
St. Boniface 22,000 00
Winnipeg 40, 393 33
New Brunswick —
Fredericton 25, 000 00
St. John 100,000 00
Nova .Scoria- Halifax 50, 000 00
Ontario — ■
Fort William 19,953 33
Hamilton 30,000 00
Toronto 9, 733 33
Quebec —
Montreal 146,000 00
Sherbrooke 10, 000 00
Westmount 68,000 00
Towns —
New Brunswick — Campbell ton 20,000 00
Quebec — Maisonneuve 30,000 00
County, New Brunswick— Carleton 10,000 00
Schools, Quebec —
Hochelaga 25,000 00
Montreal, Commercial High School 25,000 00
Montreal, R.C 50,000 00
St. Gregoire Le Thaumaturge 75,000 00
Sherbrooke, R. C 25,000 00
Tiafhmi/— Canadian Northern Ry., 1st Mtge. (G'teed by
Manitoba) 1930 4 p.c 220,460 00
Miscellaneous —
Montreal Harbour, 1921 4 p.c 30, 000 00
Toronto Harbour Commissioners, 1st Mtge. (G'teed
by Toronto) 1953 4* p.c 5,000 00
Department's
value.
75,000 00
312,160 94
47,500 00
126,643 52
71,015 00
123,377 75
52,200 00
95,900 52
25,040 00
13,350 00
39,906 67
20,240 00
34,738 26
20,425 00
86,000 00
42,500 00
18,357 06
28,200 00
7,592 00
123,720 00
9.800 00
61,450 00
16,000 00
25,100 00
9,140 00
21,250 00
20,500 00
42,000 00
60,750 00
23,250 00
189,595 60
28,500 00
4,550 00
$ 2,089,767 43 $ 1,875,752 32
Schedule E.
Cash in banks —
Provincial Bank of Canada — Montreal | 4,393 77
Bank of Montreal — St. John 3' 943 22
Winnipeg ' 637 87
Canadian Bank of Commerce — Montreal 52,852 30
The Molsons Bank — Fraserville 3,342 46
Vancouver 819 29
Royal Bank of Canada — Quebec 766 55
St. Leonards 4, 342 45
Toronto 22, 303 69
93,401 60
440 in:i'.\irrMi:\T ar ]\si i,-\.\<:i-:
11 GEORGE V, A. 1921
I'.MOX -MlTl'AL {'(inliinii'l .
CKNl'.KAI. HISIMOSS .s'rA'J']:.MK.\T TOR THK VKAI} I'.X I )1 .\( i J)i;( IvNriiKIl I!) , 102).
IXCOMK.
Total premium income S 2,480,308 75
( 'onsidcration for supplementary contiacts not involving life continjiencios 22,914 83
Dividends left with the company to accumulate at interest 8,038 72
Interest and rent s 913,957 f^
( iross profit on sale or maturity of ledger assets 1,013 93
( iross increase hy adjustment in book value of ledger assets 10,085 41
All other incoiiie 9,433 12
TotMl income % 3,445,842 44
DISBURSEMENTS.
Xet aiiiouin paiil for losses and ni:itui'e(l endowments § ],541,'i03 53
Cash paid for annuities involving life contingencies 6,316 91
l^remiuiii notes and liens voided hy lapse 10,103 60
Loans to policyholders on this C'o's policies assigned as collateral voided hy lapse 70,708 22
Surrender values paid in cash or applied in liquidation of loans or notes 711,677 66
Surrender values applied ii payment of renewal premiums . 2,711 ()9
Surrender value's applied to purchase paid-up insurance and annuities 13,085 32
Dividends paid to policyholders in cash or applied in liquidation of loans or notes 220,636 41
Dividends applied to pay renewal premiums 108,760 85
Dividends aijplied to purchase paid-up additions and annuities .' 45, 180 62
Di\ idcnds left with the company to accumulate at interest 8,038 72
Expense of investigation and settlement of policy claims 2,000 92
Paid for claims on supplementary contracts not involving life contingencies 20,700 09
Dividends and interest thereon held on deposit, surrendered during the year 3,147 25
Commission to agents 237,675 24
Branch office expenses 72, 767 36
Agency supervision and travelling expenses of supervisors 17,910 04
Medical examiners' fees and inspection of risks 17,839 25
Salaries and all other compensation of officers, directors, trustees and home office employees. 102,994 IS
Rent 33,231 03
Taxes on real estate 15,879 78
State taxes on premiums, Insurance Department licenses and fees 42.385 29
All other licenses, fees and taxes 7.715 96
Cross loss on sale or maturity- of ledger assets 97,260 40
Gross decrease, bv adjustment, in book value of ledger as.sets 59,007 48
All other disbur.sements 53,325 33
Total disbursements S 3,522,323 13*
LEDGER ASSETS.
Book value of real estate $ 516, 168 95
Mortgage loans on real estate, first liens 730,142 16
Loans secured !)>• pleilge of l)onils stocks or other collateral 101,831 00
Loans made to pc)lic\holders on company's policies assigned as collateral 2,838,936 74
I'remiuin notes on policies in force 83.233 48
Book value of bonds and stocks 15,053.576 45
( 'ash on hand, in trust companies and in banks 145,860 37
Agents' balances and suspense account 877 90
Total le<Iger assets S19.470.(i27.05
NO X-1 . 10 D ( ; ]•: H A SSETS.
Interest and rents due and ac(;rued 232,814 95
Due from other companies for losses or claims on policies of this coiiip:iii>-, reinsured 6,8,57 00
Xet amount of uncollected and deferreii preiTiiums 211,334 15
(iross assets $19,921,633 15
Deduct assets not admitted 796.088 00
Total admitted assets $19,125,545 15
LIFE INSUBANCE COMPANIES 441
SESSIONAL PAPER No. 8
Union Mutual — Concluded.
IJABILITIES.
*Net reserve... .'SIT.O.SS, 169 00
Present value of amounts not yet due on supplementary contracts not involvinp; life contin-
gencies 141,107 00
Total policy claims 211 ,467 70*
Dividends left with the company to accumulate at interest and accrued interest thereon. . . .iO,473 18
Premiums paid in advance including surrender values so applied 3,777 87
Commissions to agents, due or accrued ,. 1 , 800 00
Unearned interest and rent paid in advance 3.5,264 28
Commissions due to agents on premium notes when paid 3. 600 00
Salaries, rents, office expenses, bills and accounts, due or accrued 4.000 00
^ledical examiners' fees, due or accrued 6,300 00
P'ederal, state and other taxes, due or accrued (estimated) 43,000 00
Dividenils or other profits due policyholders including those contingent on payment of out-
standing and tleferred premiums 43, 571 02
Cost of collection on uncollected and deferred premiums in excess of loadmg thereon 4,400 00
Salaries retained 240 00
Una.ssigned funds (.surplus) 638, 37.5 04
Total liabilities $19,125,545 15
EXHIBIT OF POLICIES.
Number. .\mount.
Issued during the year 3,265 .? 8,395, 104
Terminated 3,628 6,002,581
In force at end of year 41,576 72,248,892
*Computed for assurances according to the Actuaries Table of Mortality with interest at 4 per cent for
business prior prior to Januarj- 1, 1901, and with interest at 3 per cent for business i.ssued on and after Jan-
uary 1, 1901; for annuities according to the Actuaries' Table of Mortality with interest at 4 per cent and
o per cent and McClintock.s' Annuitants Tal)lc of Mortality with interest at 31 per cent.
442 DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
UNITED STATES LIFE INSURANCE COMPANY IN THE CITY OF NEW YORK.
Statement for the Year ending December 31, 1920.
President, John P. Mtjnn — Secretary, A. Wheelwright — Actuary, Geo. W. Hubbell —
Principal Office, 105-107 Fifth Avenue, N.Y. City— Chief Agent in Canada, L. A.
Stewart — Head Office in Canada, Toronto.
(Organized March 1850. Incorporated under section 11, Charter 308 Laws of 1849, of New York, Feb. 25,
1850. License in Canada issued Aug. 8, 187.3)
CAPITAL STOCK.
Authorized, subscribed and paid in cash S 264,000 00
ASSETS IN CANADA.
Ledger Assets.
Held solely for the Protection of Canadian Policy holders.
Market value of bonds, debentures and debenture stocks owned by the Company on deposit
with the Receiver General {For details see Schedule C) S 250, 100 00
Other Ledger Assets.
Loans secured by bonds, stocks or other marketable collaterals (Dom. of Canada Victory
Loan, par value $17,000; market value, S16,490 ■ ■■ ; ■ 15,000 00
Amount secured by the Company's policies in force, the reserve on each policy being in
excess of all indebtedness: —
Loans to policyholders $ 52, 047 90
Premium obligations 1 > 003 00
_ 53,050 90
Cash in Standard Bank of Canada, Toronto 12,673 88
Total Ledger Assets ■ $ 330,824 78
Non-Ledger Assets.
Interest accrued on —
Collateral loans $ 75 00
Bonds and debentures 2, 523 57
Premium notes policy loans and liens 301 27
Bank deposit 260 83
$ 3,160 67
■Gross renewal premiums, less reinsured —
Due and uncollected $ 3,768 74
Deferred 49 50
Total $ 3,818 24
Deduct commissions and estimated loss in collection 287 61
Net premiums due and uncollected, and deferred 3,530 63
Total Non-Ledger Assets $ 6,691 30
Total Assets in Canada $ 337,516 08
LIABILITIES IN CANADA.
Net liability under assurance, annuity, and supplementary contracts in force for payments
not due, dependent on life, disability or any other contingency or on a term (<See State-
ment of Actuarial Liabilities) $ 253, 123 66
Net surrender values claimable under cancelled contracts 2, 151 55
Net liability for unadjusted payments due under contracts: — Death losses 11,000 00
Received from policyholders in advance: — Premiums, $347.63; interest, $980.59 1,328 22
Net dividends to policyholders due and unpaid 754 51
Provincial, municipal and other taxes due and accrued 300 00
Salaries, rents and office expenses, due and accrued 43 45
■Commissions to agents due and accrued 228 52
Total LiablUties in Canada $ 268,929 91
LIFE INSURANCE COMPANIES
443
SESSIONAL PAPER No. 8
United States Life — Continued.
INCOME IN CANADA.
Assurance premiums ■ •
Less reinsurance premiums paid.
First Year. Renewal Single.
1,311 87 $ 27,332 06 $ *30 07
145 80 1,661 40
Total net premiums.
1,166 07 $ 25,670 66 $
30 07
Gross interest or dividends on —
Collateral loans
Bonds and debentures
Premium notes, policy loans and liens.
Bank deposit
-$ 2(),866 80
97 19
11,252 50
2,220 18
155 48
DISBURSEMENTS IN CANADA.
In respect of assurance contracts: —
Death and endowment claims-
Amount assured.
Bonus addition..,
Death Matured
Claims Endowments.
2,880 00 $ 5,671 00
87 67
Total.
2,967 67 $
5,671 00
Net surrender values
Net dividends —
In cash ;•.•••
Applied as single premiums: — To purchase bonus addition.
152 30
30 07
In respect of life annuity contracts :^Cash payments to annuitants
Total net disbursements in respect of assurance and annuity contracts.
Taxes, licenses and fees (including taxes on investments but excluding taxes on real estate)...
Head office expenses: — Rents
Branch office and agency expenses: — Assurance commissions — first year, $655.95; renewal,
$1,193.52; salaries, $275.00;
All other expenses: — Express, telegrams and telephones, $68.20; medical fees, $45.00; postage,
$81 .95; lights, $12 .25
13,725 35
Total Income in Canada $ 40,592 15
8,638 67
9,011 71
182 37
29 00
.$ 17,861 75
521 21
480 00
2, 124 47
207 40
T;otal Disbursements in Canada $ 21,194 83
EXHIBIT OF ANNUITIES.
Classification.
Arising out of Life
Assurance Contracts.
Involving Life-
Contingencies.
No.
Annual
Payment.
At end of 1919
2
$ cts.
29 00
At end of 1920 . .
2
29 00
*Paid by application of assurance dividends.
444
i)i:rMiT.\n:sT uf l^.sLI{A^^CK
11 GEORGE V. A. 1921
Unitku Statks Lifk — Continued.
EXHIHIT OF POLICIES.
(For policies luTein included involving disability benefits see Ab.stract)
Classification
Whole
Life.
Endowment
Assurances.
Term and
Other
Bonus
Additions.
Totals.
No.
Amount.
Ko.
Amount.
No.
Amount.
No.
Amount.
At end of 1919
274
5
1
f).30,864
24,000
67
$
125,471
57
4
$
128, 757
15,000
S
1,568
44
398
9
S
. 886, 660
39,044
Totals
279
654,864
67
125,471
61
143,757
1,612
407
925, 704
Less ceased by: —
Death
5
13,000
87
5
7
4
14
5
13,087
7
5,671
5,671
4
1
1
4,592
2,000
5,000
4,592
Surrender
13
3
20,558
12,000
22,558
1
5,000
22,000
Total ceased..
21
45,558
8
10,671
6
11,592
87
35
67,908
At end of 1920
258
009,306
59
114,800
55
132, 165
1,525
372
857, 796
•55,000
15,000
70.000
MISCELLANEOUS.
New policies issued and paid for in cash: — Number 9; gross amount, .S39,000; reinsured
in other licensed companies, .510,000.
Total amount in force divided as to dividend plan: — As declared from time to time, $68,594
deferred, $175,000; non-participating arising out of choice of option under participating
policies, $6,581; non-participating, $607,621 S
.STATEMENT OF ACTUARIAL LIABILITIES.
As.surance Section.
857,796
Class of Contract.
(Ordinary with Profits —
Life
Endowment Assurance.
Term, etc
Bonus addition
Totals.
Onlimnj without Profits:—
Life
Endowment Assurance.
Term, etc
Totals
Grand Total ^^
Gross in Force.
Number Amount.
106
32
4
142
1.53
26
51
230
372
177,150
61,500
10,000
1,525
250, 175
4.33,156
.52,300
122, 165
607, 621
857, 796
Reserve.
S cts
84.635 00
.59,273 00
1.39 00
1,273 00
145,320 00
85,427 66
23,951 00
4,428 00
113,806 66
259, 126 66
Reinsured in
Companies licensed
in Canada.
Amount.
55,000
15,000
70,000
70,000
Reserve.
S cts.
6, 147 00
91 00
6,238 00
6.2.38 00
IjIFe insurance companies
445
SESSIONAL PAPER No. 8
United States Life — Continued.
STATKMKNT OF ACTUARIAL LIABILITIES— C'onc/«rfr</.
Annuity Section
Cla.s.s of
Annuity.
Gross in Force.
Number
Annual
payment.
Reserve.
Without profits: —
Supplementary contracts: —
2
$ cts.
29 00
$ cts.
235 00
Totals ■ .
2
29 00
235 00
SUMMARY OF RESERVE.
Total reserve, policy and annuity contracts.
Total re.serve on reinsured contracts
Total net reserve on the Company's basis of valuation.
s
With
Profits.
145,320 00 $
Without
Profits
114,041 66 $
6,2.38 00
Total.
259,361 66
6,238 00
$
145,320 00 $
107,803 66 $
253,123 66
MISCELLANEOUS STATEMENT.
I. The calculalion of the "Iicf<erve" in the "Statement of Actuarial Liabilities."
(l)Policies and annuities were valued individually, the age at which the net valuation premium was
taken being the same age used in determining the premium or consideration in the contract, namely that
at birthday nearest date of issue under assurances, and that at last birthday preceding date of issue under
annuities, the duration being the difference between valuation year and year of issue plus one-half year.
Policies and annuities were all valued on the American Experience Table of Mortality with 3?% interest.
To the total thus obtained 1% was added to make the reserve conform to the Canadian standard.
Special Cla.sscs — There are no special class policies except as follows: —
(f) The Company has issued a Canadian policy providing for disability benefits, waiver of pre-
miums only after total and permanent disability after policy has been one year in force and before age
60. Reserve for disability benefit is calculated according to Hunter' table with 3% interest.
(2) Items of Special Reserve — There are no items of special reserve.
II. No modification or limitations in respect of guaranteed values— namely, cash surrender value, paid-up
insurance, extended term insurance or automatic extended term insurance — are made under the special
class policy referred to in I. 1(f) above.
III. The average rate of interest earned during the year was 5 01 per cent.
IV. The distribution of surplus —
(a) Subject to a proper contingency fund shareholders may receive 7% per annum and policy-
liolders may receive dividends as declared by the Board of Directors.
(b) The method by which the deferred dividends to policy-holders, illustrated in the dividend
schedule, have been computed is as follows: — Four and one-half per cent, interest and the share of
policies cancelled are added to the annual unit ( which for each year is the same as the annual dividend
basis on the corresponding plan, namely, twenty-five per cent, of the loading plus a percentage of the
reserve equal to the difference between four and one-half per cent, and the assumed rate of interest
used in calculating the reserve guaranteed in the policy) and twelve and one-half per cent, of the basis
thus defived was taken as the dividend.
No dividends to shareholders have been declared since 1919 and no dividends to policy-holders
since April 1920.
(c) Annuity contracts are non-participating.
DEFERRED DIVIDEND POLICIES.
Issued prior to .January 1, 1911. No profits have as yet been contingently apportioned.
Year
of
I.ssue.
1901..
1902..
1903..
Total
Net Amount
in Force.
.S 76,500
65,000
19,000
Year
of
Issue.
1904.
1905.
1906.
Total.
Total
Net Amount
in Force.
.$ 3.500
9,000
2,000
.$ 175,000
11 GEORGE V, A. 192t
446 DEPARTMENT OF INSURANCE
United States Life — Continued.
SCHBDULE C.
Bonds and debentures on deposit with Receiver General — Par value. Market value.
New Brunswick— Debentures I 20,000 00 $ 19,600 00
United State.'* of America— Liberty Loan 193,000 00 193,000 00
Toronto Harbour Commissioners, 1st Mtge. (G'teed by
Toronto) 1953. 4 p.c 50,000 00 37,500 00
S 263,000 00 $ 250,100 00
GENERAL BUSINESS STATEMENT FOR THE YEAR ENDING DECEMBER 31, 1920.
INCOME.
Total premium income S 663,079 38^
Interest and rents 364,875 68
Gross profit on sale or maturity of ledger assets 98,263 73
Gross increase, by adjustment, in book value of ledger assets 830 72
All other income 15.002 41
Total ncome S 1,142,111 92
DISBURSEMENTS.
Net amount paid for losses and matured endowments $ 608,449 63
Cash paid for annuities involving life contingencies 10,864 91
Premium notes and liens voided by lapse _........... 2,977 00-
Dividends paid to policyholders in cash or applied in liquidation of loans or notes 7,930 46
Dividends applied to pay renewal premiums 597 12
Dividends applied to purchase paid-up additions and annuities 616 62
Surrender values paid in cash or applied in liquidation of loans or notes 301,012 28-
Surrender values applied to pay new and rene-n^l premiums 2,017 80
Sarrender values applied to purchase paid-up insurance and annuities ._ 26,235 31
Paid for claims on supplementary contracts not involving life contingencies 5,734 61
Expenses of investigation and settlement of policy claims 167 00
Cash paid stockholders for dividends 9,240 00
Branch office expenses 15, 538 89
Commissions to agents ._ 51 , 082 .56
Agency supervision and travelling expenses of supervisors 42,358 31
Medical examiners' fees and inspection of risks 7,445 9Q
Salaries and all other compensation of officers, directors, trustees and home office employ-
ees 73,744 60
State taxes, on premiums, insurance department licenses and fees 10, 066 39
Taxes on real estate 17, 837 91
All other licenses, fees and taxes 4,044 42
Rent 22,249 89
Agents' balances charged off 6 49
Gross decrease, by adjustment, in book value of ledger assets 1,401 96
All other disbursements 52,680 43
Total disbursements $ 1,274,300 49
LEDGER ASSETS.
Book value of real estate S 333,579 55
Mortgage loans on real estate first liens 2, 116,800 00
Loans secured by pledge of bonds stocks as other collateral 15, 000 00
Loans made to policyholders on this company's policies assigned as collateral 899,368 04
Premium notes on policies in force 60, 150 00
Book value of bonds _ 2,990,598 59
Cash on hand, in trust companies and in banks 65,359 .'3
Agents' balances 964 73
Total ledger assets $ 6,481 ,820 44
LIFE INSURANCE COMPANIES 447
SESSIONAL PAPER No. 8
United States Life — Concluded.
NON-LEDGER ASSETS.
Interest and rents due and accrued $ 84,131 88
Market value of real estate ove- book value 27,420 45
Due fron other companies for losses or claims on policies of this company, reinsured 4,946 20'
Net amount of uncollected and deferred premiums 36, 893 60
Gross assets S 6,635,212 57
Deduct assets not admitted 24,771 28
Total admitted assets $ 6,610,441 29
LIABILITIES.
*Net reserve _....;. S 6,089, 128 00
Extra reserve for total and permanent disability benefits 289 39
Present value of amounts not yet due on supplementary contracts not involving life contin-
gencies 63,485 00
Liability on policies cancelled upon which a surrender value may be demanded 4,576 58
Commission due to agents on premium notes when paid 6, 670 95
Commissions to agents due or accrued 1,266 45
Total policy claims 95, 556 08
Dividends or other profits due policyholders 3,966 39
Premiums paid in advance including surrender values so applied 1 , 462 47
Salaries, rents, office expenses, bills and accounts due or accrued 1, 323 86
Medical examiners' fees due or accrued 771 00
LTnearned interest and rent paid in advance 17, 744 82
Taxes due or accrued , estimated 8, 609 31
All other liabilities 1,060 86
Capital stock paid up 264,000 00
Unassigned funds (surplus) 50, 530 13
Total liabilities $ 6,610,441 29
EXHIBIT OF POLICIES.
Issued during the year.
Terminated
In force at end of year..
Ordinary.
Group.
Number. Amount.
Number. Amount.
1,355 $ 3,009,825
3 $ 2,950
1,413 2,710,562
8 12,000
14,103 24,545,618
82 150,350
*Computed according to the Actuaries' Table of Mortality with 4 per cent interest on policies issued
prior to January 1, 1901, and according to the American Experience Table of Mortality, with Sj per cent
interest on policies issued on and after that date except on whole Life and Endowment policies issued from
June 1, 1905, to December 31, 190G, which were valued on preliminary term basis American experience,
3? per cent: Annuities issued prior to January 1, 1901, were valued on Actuaries 4 per cent; from January
1, 1901, to December 31, 1906, American Experience 3^ per cent; since that date McClintock's Table of
Mortality with interest at 3| per cent.
448
DEl'MtTMEST OF IXSHiAXCI-J
11 GEORGE V, A. 1921
'iin-: Axi'isTiOKX life assurance compaxy
Statement for the Yeak exding December 31, 1920.
I'resident, James M. Carruthers — Vice-Presidents, W. E. Milner, Dr. T. J. Reu)— Secretary,
and Managinp; Director, Adam Reid — Treasurer, M. Campbell — Iload Office, Winnipeg.
{[''or Lht of Directors nee Appendix).
(Incorporated by 4-5 Geo. V. C'hap. 126 assented to May 1914. Commenced business as :i Dominion Cor-
poration, January 29, 1918).
CAPITAL STOCK.
Authorized .S 1,000,000 00
.■Subscribed 974, 800 00
Paid in Cash 128,232 00
Premium on Capital Stock paid by Shareholders 233,341 10
{For List of Shareholders see Appendix.)
Total Ledger Assets •?
Add excess of total Department's value
of Ledger Assets over total book
value
Total Ledger Assets taken at Depart-
ment's value S 305, 055 78
Xon-Ledger As.sets .50,317 93
SUMMARY BALANCE SHEET.
Hahilities.
304,010 20 Total Liabilities % 311.010 94
Excess of Assets over Liabilities —
Capital Stock paid in
1,045 .58 cash S 128,232 00
— — Deficit 83,869 23
44,302 77
Total As.sets $ 355,373 71
Total % 355,373 71
SYNOPSIS OF LEDGER ACCOUNTS.
As at December 31, 1919:—
Net Ledger Assets
Suspense
262,727 34
392 .59
Total Ledger As.sets S 263, 119 93
Increase in Ledger Assets in 1920: —
Income
Suspense
143,603 20
524 56
Total increase.
Total..
$ 144,127 76
$ 407,247 69
Decrease in Ledger Assets in 1920: — >
Disbursements .? 103,237 49
As at December 31, 1920:—
Net Ledger Assets S 303 , 093 05
Suspense 917 15
Totfll Ledger As.sets S .304,010 20
Total $ 407,247 69
ASSETS.
Ledger Assets.
P><)()k value of real estate, unencumbered, held by the Company (South Vancouver, B.C.,
one parcel, actual cost, .16,254.81) S
Mortgage loans on real estate, first liens
Amount -secured i)y the Company's policies in force, the reserve on each policy being in
excess of all indebtedness: —
Loans to policyholders -S 10, 366 15
A«lvances to policyholders under automatic non-forfeiture provisions. . . . 12,626 67
2.54 81
495 51
22 992 82
513 91
753 15
Book value of bonds, debentures and debenture stocks owned by the Company {For details
see Schedule C) .' 243,
Cash: At Head Office, $2, 962. .39; In Standard Bank of Canada, Winnipeg, $17,790.76 20,
Total Ledger Assets $ 304,010 20
Add cxce.ss of total Department's value of real estate, bonds, debentures and stocks over
total book value 1 , 045 58
Total ledger a.«sets taken at Department's value S 305,055 78
LIFE INSURANCE COMPANIES
449
SESSIONAL PAPER No. 8
The Western Life — Continued
ASSETS— Concluded .
Non-Ledger Assets.
interest or dividends on — Due Accrued.
Mortgages $ 15 10 S 218 32
Bonds and debentures 4, 468 85
Premium notes, policy loans and liens 2, 104 72
Total interest $ 15 10 S 6,79189
$ 6,806 99
Gross premiums, less reinsured: — First Year Renewal
Due and uncollected $ 7, 190 35 S 38,053 96
Deferred 337 90 2,205 85
Total _. $ 7,528 25 $ 40,259 81
Deduct commissions and estimated loss in collection 3,764 13 2,012 99
Net premiums due and uncollected, and deferred $ 3,764 12 S 38,246 82 42,010 94
Office furniture 1,500 00
Total Non-Ledger Assets $ 50, 317 93
Total Assets $ 355,373 71
LIABILITIES.
Net liability under assurance, annuity, and supplementary contracts in force for payments
not due, dependent on life, disability or any other contingency or on a term certain
(See Statement of Actuarial Liabilities) $ 291,969 00
Net liability for unadjusted payments due under contracts: — Death losses 12,870 75
Received from policyholders in advance: — Premiums 648 75
Provincial, municipal and other taxes due and accrued 1 , 388 93
Medical examiners' fees due and accrued, S141; legal fees due and accrued, $49.50 190 50
Commissions to agents due and accrued 428 31
Investment reserve 2, 500 00
All other liabilities due and accrued: —
Sundry accounts due, $97.55; suspense $917.15 1,014 70
Total Liabilities $ 311,010 94
INCOME.
-Assurance premiums
Less reinsurance premiums paid.
First Year
33,865 56
2,366 81
Renewal
94,. 552 96
5,315 78
Total net premiums $ 31,498 75 $
),237 18
-$ 120,735 93
Gross interest or dividends on —
Mortgages $ 1, 205 18
Bonds and debentures (less $1,239.57 paid for accrued interest on bonds
acquired during year) 13, 140 22
Bank deposit 209 33
Premiums notes, policy loans and liens 1, 834 44
Capital stock notes 332 43
Advances made to agents in previous years and recovered during the year.
Income from all other sources: —
Calls on capital stock
Premium on capital stock
1,6.32 00
800 00
Gross profit on sale on maturity of ledger assets :-
Bonds
16,721 60
1,597 96
2,432 00
2,115 71
Total Income $ 143, 603 20
8—29*
450
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
The Western Life — Continued
DISBURSEMENTS.
In respect of assurance contracts: —
Death claims — Amount assured S 35,027 25
Net surrender values 1 , 648 70
Total net disbursements In respect of assurance contracts $ 36,675 95
Net payments on supplementary contracts: — Not involving life contingencies 250 00
Taxes, licenses and fees (including taxes on investments but excluding taxes on real estate). 2,673 00
Head office expenses: — Salaries, §14,514; directors' fees, $1,570.20; auditors' fees, $485.00
travelling exi enses, SI, 070; rents, SI, 700 19,339 20
Branch office and agency expenses: — Assurance commissions — first year, $25,866.22; renewal,
S3,739.41;advanced to agents, $572.09; salaries, $1,813.75; travelling expenses, $540.70;
rents, SI, 360 33,892 17
All ether expenses: — Advertising, $1,794.86; books and periodicals, $194.80; express,
telegrams and telephones, $509.25; legal fees, $972.07; medical fees, $2,780; office
furniture, $207; postage, $732.75; printing and stationery, $1,252; sundry expenses,
$924.40; guarantee bonds. $58; exchange, $39.27; office supplies, $230,91; Medical
Information Bureau, $286.36; commission on stock, $425.50; 10,407 17
Total Disbursements $ 103, 237 49
EXHIBIT OF ANNUITIES.
Arising out of Life
Assurance Contracts
Classification.
Not involving Life
Contingencies.
No.
Annual
Payment.
At end of 1919 ...
1
S
250
At end of 1920
1
250
EXHIBIT OF POLICIES.
(For policies herein included involving disability benefits see Abstract.)
Classification.
Whole Life.
Endowment
Assurances.
Term and
Other.
Total
No.
Amount.
No.
Amount.
No.
Amount.
No.
Amount.
At end of 1919
1444
417
30
$
3,196,905
1,109,000
78,000
3,000
3,000
62
27
3
$
103,900
43,500
3,000
36
17
$
158,134
75,250
1542
461
33
1
1
$
3 458 930
New issued.. . .
1,227.750
81,000
Old revived
Old increased..
1
3,143
6 143
Transferred to
1
3 000
Totals
1892
4,389,905
92
150,400
54
236,527
2038
4,776,832
Less ceased by: —
Death
13
32,500
2
3,000
15
4
19
139
3
21
1
35,500
Expiry
4
19.200
19 200
Surrender
19
126
3
17
29,000
324,100
14,000
59, 100
29,000
Lapse
Decrease
6
2
10,000
850
2,000
7
36,175
370.275
14,850
Not taken
2
1
10,000
3,000
71 100
Transferred from
3,000
Total ceased
178
458,700
10
15,850
14
68, 375
202
542 925
At end of 1920
1714
3,931,205
82
134,550
40
168, 152
1836
4 233 907
Reinsured
214,750
11,850
226 600
LIFE INSURANCE COMPANIES
451
SESSIONAL PAPER No. 8
The Western Life — Continued
MISCELLANEOUS.
New policies issued and paid for in cash: — Number 401; gross amount, .$996,600; reinsured
in other licensed companies, $48,600. Claims reinsured: — Death claims, $2,500.
Total amount in force divided as to dividend plan: — Deferred, $3,876,455; non participating,
$357,452. Total
$ 4,233,907
STATEMENT OF ACTUARIAL LIABILITIES.
Assurance Section.
Class of Contract.
C
iross in Force
Reinsured in Companies
licensed in Canada.
Number.
Amount.
Reserve.
Amount.
Reserve.
Ordinary with Profits: —
Life
1,656
75
$
3,753,455
123,000
$
292,407
13,897
S
165,000
S
11 033
Endowment Assurance
Totals
1,731
3,876,455
306,304
165,000
11,033
Ordinary without Profits: —
Life
58
7
40
177,750
11,550
168, 152
15,745
3,477
1,111
49,750
2,138
Endowment Assurance
Term, etc
11,850
101
Totals
105
357,452
20,333
61,600
2,239
Grand Totals
1,836
4,233,907
326,637
226,600
13,272
Annuity Section.
Class of Annuity.
Gross in Force.
Number.
Annual
Payment.
Reserve.
With Profits:—
Supplementary contracts: —
Not involving life contingencies
1
$
250
$
2,416
SUMMARY OF RESERVE.
With
Profits.
Total reserve, policy and annuity contracts $ 308, 720 $
Total reserve on reinsured contracts 11,033
Total net reserve on the Company's (statutory) basis of
valuation $ 297, 687 $
Deduction made therefrom (being the full deduction
permitted under Section 43 (3), Insurance Act, 1917). 22,769
Net reserve carried in the liabilities $ 274, 918 $
Without
Profits. Total.
20,333 $ 329,053
2,239 13,272
18,094 $
1,043
315,781
23,812
17,051 $
291,969
8— 29i*
452
DEPARTMENT OF INSURANCE
The Western Life — Concluded
11 GEORGE V, A. 1921
MISCELLANEOUS STATEMENT.
I. The calculation of the "Reserve" in the "Statement of Actuarial Liabiliiies."
(1 ) For valuation purposes, policies of the same plan and same year of is.sue were grouped as to age
entry, being the age used in fixing the premiums. The age used in fixing the premium was taken as t
at
the
age next birthday for all policies issued prior to May 1st, 1915, and the age nearest birthday for policies
issued after that date. Prepared tables of mid year policy values on the Om (5) 3|% basis were used.
No annuities have been issued.
Special Classes —
(a) No tropical or sub-tropical business has been transacted.
(6) No policies have been issued at premiums corresponding to ages higher than the true one.
(c) In the valuation of policies any liens were ignored.
(d) Extra premiums were disregarded in valuation.
(e) No policies issued to sub-standard lives except those subject to lien, extra premiums or on
short term endowment plans.
(/) Disability benefits consist of waiver of premium only.
Additional reserves for this benefit were held as follows: —
(1) The reserve maintained per 81,000 was as follows: 10c. for duration 5 and increasing by
5c. for each full year's increase in the duration up to 55c. for duration 95.
(2) After occurrence of disability, policies were valued as though disability had not occurred.
(2) Items of Special Reserve-
There are no special reserves except as follows: —
{b) Guaranteed cash values in excess of the net premium reserve on the basis of valuation employed
were valued as pure Endowments, the additional reserve so found being added to the ordinarj' reserve.
II. No modifications or limitations are made under the special class policies referred to in 1. (1) (0) to (J).
III. The average rate of interest earned during the year on the mean net ledg'er assets was 6-43 per cent.
IV. No Surplus has yet been distributed.
Schedule C.
Par value.
5 120,200 00
200 00
2,433 33
14,113 32
5,000 00
Book value.
S 119,556 80
195 60
2,291 15
11,667 76
4,743 98
Department's
value.
$ 120,200 00
198 00
2,287 33
11,667 76
4,743 98
1,000 00
4,444 18
922 30
3,920 05
922 30
3,920 05
6,533 34
9,000 00
6,5.33 34
9,137 43
6,533 34
9,137 43
Bonds and debentures —
Governments —
Canada— *Victory Loan %
War Loan
Alberta — Debentures
City, Alberta — Calgary
Town, Alberta — Coronation
Rural Municipalities, Manitoba —
Bifrost
Eriksdale
Schools, Alberta —
Claresholm
Pleasant Valley
Eleven other schools par value for each
under S2,500 15,760 00
Railways —
Alberta and Great Waterways Ry., 1st
Mtge, (G'teed by Alberta) 1959
5 p.c 42,000 00 31,920 00 31,920 00
Canadian Northern Western Ry., 1st
Mtge. (G'teed by Alberta)
1942 41 p.c 14,000 00 12,00120 12,264 00
Edmonton, Dunvegan and British
Columbia Ry., 1st Mtge. (G'teed
by Alberta) 1944 4 1 p.c 30,000 00 25,059 00 25,200 00
15,-565 30
15,565 30
$ 265,284 17 $ 243,513 91 $ 244,559 49
*0f which $50,000 is on deposit with Receiver General.
11 GEORGE V SESSIONAL PAPER No. 8 A. 1921
STATEMENTS
OF
FRATERNAL BENEFIT SOCIETIES
WHICH TRANSACTED
FRATERNAL BENEFIT INSURANCE
During the Year 1920
List of Fraternal Benefit Societies which transacted the business of Fraternal Benefit
Insurance in Canada under the Insurance Act during the year 1920.
{Alliance Nationale.
fThe Subsidiary High Court of the Ancient Order of Foresters in the Dominion of Canada.
{La Societe des Artisans Canadiens Frangais.
*Association Canado-Americaine.
fThe Grand Council of the Catholic Mutual Benefit Association of Canada.
*Cathonc Order of Foresters.
*The Commercial Travellers Mutual Benefit Society.
JThe Independent Order of Foresters.
tJewish National Workers' Alliance of America..
*Knights of Columbus.
*The Supreme Lodge Knights of Pythias.
*The Ladies' Catholic Benevolent Association.
JThe Maccabees.
*Supreme Council of the Royal Arcanum.
fThe Royal Guardians.
*Western Mutual Life Association.
*Woman's Benefit Association of the Maccabees.
fThe Canadian Order of the Woodmen of the World.
*The Workmen's Circle.
*Life. fLife and sickness. tLife, disability and sickness.
453
454
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
ALLIANCE NATIONALE.
Statement for the Year ending December 31, 1920.
President, F. C. Laberge — 1st Vice-President, Chas. Duquette — Secretar>% Geo. Monet —
Consulting Actuary, Mervyn Davis, F.A.S., A.I.A., — Head Office, Montreal — Directors,
J. D. ViAU, Fes. Fauteux, F. A. Labelle, H. Delorme, Hon. E. L. Patenaude.
(Incorporated July 25, 1917 by 7-8 Geo. V, chapter 69. Commenced business in Canada March 21, 1893.)
SUMMARY BALANCE SHEET BY FUNDS
—
Mortuary
Fund.
Sickness
Fund.
Court Over-
payment
Fund.
Infantile
Fund.
General
Expense
Fund.
Totals.
Ledger Assets
Add excess of total Depart-
ment's value of Ledger
Assets over total book
value
$ cts.
3,346,865 11
26,503 00
$ cts.
539,665 98
4,273 00
$ cts.
948 42
$ cts.
751 93
5 00
$ cts.
23,571 81
195 56
$ cts.
3,911,803 25
30,976 56
Total Ledger Assets taken
at Department's value..
Non- Ledger Assets —
Interest due and accrued . .
3,373,368 11
61,500 00
31,181 45
715,135 25
543,938 98
9,916 00
10,028 15
948 42
756 93
14 00
97 68
23,767 37
450 92
9,609 67
3,942,779 81
71,880 92
Assessments due and un-
paid
50,916 95
Liens
715,135 25
Sundries
905 00
905 00
Total Assets
4,181,184 81
3,779,746 31
563,883 13
531,777 76
948 42
948 42
868 61
750 00
34,732 96
738 03
4,781,617 93
Liabilities
4,313,960 52
Surplus
401,438 50
32, 105 37
118 61
33,994 93
467,657 41
SYNOPSIS OF LEDGER ACCOUNTS BY FUNDS.
—
Mortuary
Fund.
Sickness
Fund.
Court Over-
payment
Fund.
Infantile
Fund.
General
Expense
Fund.
Totals
As at December 31, 1919:—
Net and total ledger assets
$ cts.
3,052,927 21
$ cts.
502,870 81
$ cts.
642 94
$ cts.
53 65
$ cts.
37,280 97
$ cts.
3,593,775 58
Increase in ledger assets in
1920:—
Income
592,578 40
150,177 28
305 48
806 28
182,589 74
926,457 18
Decrease in ledger assets in
1920:—
Disbursements
298,640 50
113,382 11
108 00
196,298 90
608,429 51
As at December 31, 1920:—
Net and total ledger
a.s.sets
3,346,865 11
539,665 98
948 42
751 93
23,571 81
3,911,803 25
LIFE INSURANCE COMPANIES 455
SESSIONAL PAPER No. 8
Alliance Nationale — Continued.
ASSETS (All Funds).
Ledger Assets.
Book value of real estate, unencumbered, held by the Society {For details see Schedule A). .$ 87,683 56
Mortgage loans on real estate 2,624,386 01
Loans to members secured by the Society's policies in force, the reserve on each policy
being in excess of all indebtedness 111,889 10
Book value of bonds, debentures and debenture stocks owned by the Society {For details
see Schedule C) ; 1 , 031 , 960 53
Cash in banks {For details see Schedule E) 55, 884 05
Total Ledger Assets $ 3,911,803 25
Add excess of total Department's value of bonds and debentures over total book value 30,976 56
Total ledger assets taken at Department's value S 3,942,779 81
Non-Ledger Assets.
Interest or dividends on — Due. Accrued.
Mortgages $ 57,998 81 $ 2,222 00
Bonds and debentures 11, 660 11
Total interest S 57,998 81 S 13,882 11$ 71,880 92
Premiums, contributions, etc., due: —
Mortuary Fund $ 31, 181 45
Sickness Fund 10,028 15
Infantile Fund , 97 68
General Expense Fund 9, 609 67
50,916 95
All other assets:— Cashier and agents' cash on hand, S905; liens on certificates issued before
1st November, 1906, $715,135.25 716,040 25
Total Non-Ledger Assets $ 838,838 12
Total Assets $ 4, 781, 617 93
LIABILITIES.
Mortuary Fund —
Liability under contracts in force for payments not due (Reserve) $ 3 , 749 , 442 00
In Out of
Liability for payments due under contracts: Canada. Canada.
Adjusted but unpaid $ 19,199 71 S 3,000 00
Resisted 500 00
Totals S 19,199 71 S 3,500 00
Disability claims ; 1 , 500 00
Advance assessments 6, 104 60
22,699 71
$ 3,779,746 31
Sickness Fund —
Liability under contracts in force for payments not due (Reserve) $ 525, 157 00
Claims adjusted, but unpaid 6, 620 76
531,777 76
Infantile Fund, reserve 750 00
Court Overpayment Fund 948 42
General Expense Fund —
Organizers' travelling expenses 738 03
Total Liabilities $ 4, 313, 960 52
INCOME. ~~~~ ~
Mortuary Fund: —
Premiums: In Canada, $372,250.25; Out of Canada, $17,213.15 S
Interest, dividends and rents
Sickness Fund: —
Premiums: In Canada, $111,340.87; Out of Canada, $5,977.71.
Interest, dividends and rents
Sundry
Infantile Fund: —
Premiums: In Canada, $770.78; Out of Canada, $19.50.
Interest
s
389,463 40
203,115 00
.$
117,318 58
32,838 00
20 70
.$
790 28
16 00
$ 592,578 40
150, 177 28
806 28
456
DEPARTMENT OF INSURANCE
Alliance Nationale — Continued.
11 GEORGE V, A. 1921
IIJ COME— Concluded.
Court Overpavment Fund : —
Over-remittances for 1920 $ 305 48
' In Out of
General Expense Fund: — Canada. Canada.
From members:
Six first monthly mortuary assessments paid by new
members $ 24,769 66 $ 4,614 06
5 per cent of sickness and mortuary assessments 25, 502 00 1 , 222 21
Per capita tax and dues 84, 407 01 4, 829 59
Fees and fines 19,963 49 1,840 67
Interest and rents 8,940 42 56 47
Sundry 6,400 67 43 49
Total S 169,983 25 $ 12,606 49
182,589 74
Total Income $ 926,457 18
DISBURSEMENTS.
In
Mortuary Fund: — Canada.
Death claims $ 224, 184 02
Disability claims 4, 750 00
Annuities 47, 141 .59
Miscellaneous 19, 802 07
Out of
Canada.
2,500 00
150 00
112 82
Total.
$ 226,684 02
4,750 00
47,291 59
19,914 89
Totals .5 295,877 68 $ 2,762 82 $298,640 50
Sickness Fund: —
Sickness claims : $ 108,066 43
Claims expenses 270 16
-$ 298,640 50
4,711 13 $ 112,777 56
334 39 604 55
Totals S 108,. 336 59 $ 5,045 52 $113,382 11
113,382 11
Infantile Fund: — Death claims in Canada 108 00
Total disbursements in respect of membership certificates S 412, 130 61
General Expense Fund —
Head office expenses: — Salaries, -544, 659. 01; directors' fees, SI, 520; auditors'
fees, S720; actuaries' fees and expenses, S331.19; travelling expenses,
$1,643.74; rents, $4,039.25; miscellaneous, $1,014.05; . $ 53,927 24
Agency and organization expenses: — Commissions, $12,447.79; salaries,
$28,660.06; travelling expenses, $8,399.53; miscellaneous, $3,494.20 53,001 58
All other expenses: — Postage, express, telegrams and telephones, .$4,253.53;
legal fees, $188.92; medical fees, $12,517.70; office furniture, $1,975.03;
printing and stationery, $5,796.29: official publication, $1,447.41; collec-
tion of assessments, $44,407.56; licenses, $836.75; miscellaneous, $17,946.89 89, 370 08 196, 298 90
Total Disbursements $ 608,429 51
EXHIBIT OF CERTIFICATES.
Classification.
Whole Life,
in Canada.
Whole Life,
out of Canada.
Infantile,
in Canada.
Infantile,
out of
Canada.
Totals.
Ko.
Amount.
No.
Amount.
No.
Amount.
No.
Amount
No.
Amount.
At end of 1919
27,110
2,975
116
S cts.
21,283,453 89
2,965,465 18
83,920 37
5,000 00
9,500 00
1,390
568
10
$ cts.
939,121 13
456,500 00
8,000 00
352
460
9
1
8 cts.
27,242 00
40,112 50
569 00
12,069 50
12
40
1
$ cts.
355 00
2,972 00
13 00
442 00
28,864
4,043
136
1
31
$ cts.
22,250,172 02
3,465,049 68
Old revived
92,502 37
17,511 50
11
20
17,500 00
27,000 00
Totals
30,212
24,347,339 44
1,988
1,421,121 13
822
79,993 00
53
3,782 00
33,075
25,852,235 57
Less ceased by:—
Death
277
222,703 63
4,750 00
959,250 00
16.155 88
58,195 14
17,500 DO
5
4,500 00
2
108 00
284
227,311 63
4,750 00
1,208
255
' ii
191,750 00
2,481 71
150 00
• 9,500 00
52
3,486 50
5
449 00
1,520
1.154,935 50
18.637 59
Old age
47
20
47
31
58.345 14
27.000 00
Total ceased
1.552
1,278,554 65
271
208,381 71
54
3,594 50
5
449 00
1,882
1,490,979 86
At end of 1920
28,660
23,068,784 79
1,717
1.212,739 42
768
76,398 50
48
3,333 00
31,193
24,361,255 71
LIFE INSURANCE COMPANIES 457
SESSIONAL PAPER No. 8
Alliance Nationale — Continued.
EXHIBIT OF SICKNESS CERTIFICATES.
In
Out of
Canada.
Canada.
Total.
21,043
962
22,005
149
2
151
2,454
417
2,871
8
15
23
77
5
82
23,731
1,401
25, 132
182
4
186
1,155
171
1,326
15
8
23
1,352
183
1,535
22,379
1,218
23,597
In force December 31, 1919
DifTerence between number of members and
number of inscriptions, December 31, 1919. . .
New issued during 1920
Transferred during 1920
Revived during 1920
Total
Terminated during 1920 by: —
Death
Lapse
Transferred
Total terminated
In force December 31, 1920
, MISCELLANEOUS STATEMENT.
I. The Society carries on business in Canada and in the following states of the United States, namely
Maine, Rhode Island, and New Hampshire.
II. Members who have resigned or who have been suspended may be reinstated on producing satisfactory
evidence of health and on payment of all arrears.
III. Any member insured for not less than five years under Systems No. 1, 2, or 3, may within two years
after cessation of membership obtain a paid up certificate for fixed percentages of the contributions
as follows: after 5 years membership, 25%; after 10 years, 50%; after 15 years, 75%; after 20 years,
100%.
IV. No distribution of surplus has ever been made, but all members would be entitled to share in any
distribution.
SUMMARY OF THE REPORT OF THE ACTUARY
made in accordance with the requirements of Section 112 of the Insurance Act, 1917 (1919 Amendment
affecting Friendly Societies).
The Report was made by Mr. Mervyn Davis of New York City, Fellow of the Actuarial Society
of America, and Associate of the Institute of Actuaries of Great Britain.
The rate of interest earned during 1920 on the benefit funds was 6-77%.
Mortuary Fund.
Investigations into the mortality experienced for the years 1913 to 1917 and for the year 1920 showed
that the actual claims were within the N.F.C. expected.
The plans of insurance are known as Systems numbers 1 to 6.
Systems 4< 5 and 6 are respectively, ordinary life, limited payment life, and endowment assurances
with surrender values based on American Experience Mortality and 4% interest. Tabular net premium
reserves on these bases were? used in the valuation. Age next birthday at entry was assumed to be the
true age at entry. The reserve to cover the permanent disability benefits was f2,704 in all.
Systems 1, 2 and 3. System 1 is ordinary life insurance; system 2, term insurance to age 70 with the
face amount payable in ten equal annual instalments following age 70, the instalments outstanding at death
being then payable in one sum, while in event of total and permanent disability, the premiums are
waived, one half the face amount is paid and the balance becomes paid-up for settlement as above
described. System 3 is similar to System 2, except read "age 60" for "age 70." These systems provide for
paid up values after five years, being a percentage of premiums paid, while Systems 2 and 3 provide for
loan values after ten years of 50% of the premiums paid.
The valuation bases used for Systems 1, 2 and 3 were: For business issued subsequent to 1906, N.F.C.
4%; for earlier issues, N.F.C. 5%.
458
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
Alliance Nationale — Continued.
Summary of Valuation — Mortuary Fund.
System.
Amount
Assured.
Value of
Benefits.
Value of
Premiums.
Net
Liability.
N.F.C. oJo-
No. 1— Issued, 1893-1906
No. 2— Issued, 1893-1906
Total N.F.C. 5%...
N.F.C. 4%.
No. 1— Issued, 1917-1920
No. 1— Issued, 1907-1916
No. 1 — Paid-up
No. 2— Issued, 1917-1920
No. 2— Issued, 1907-1916
No. 2 — Paid-up
No. 2 — Paid-up, disabled lives. . .
No. 2 — Old age instalments
No. 3— Issued, 1917-1920
No. 3— Issued, 1914-1916
Total N.F.C. 4%....
Total N.F.C
American Experience 4%-
No. 4 — Whole life with disability benefit — all issues. .
No. 5 — Limited pay life with disability benefit —
all issues ■ ■
No. 6 — Endowment, with disability benefit — all
issues
Total Am. Experience 4% — ,
Grand Total
549,000
9,436,500
9,985,500
1,678,230
3,690,750
15,048
611,250
2,789,000
39,046
20,250
118,950
542,750
486,500
9,991,774
19,977,274
497,250
1,459,250
725,500
2,682,000
22,659,274
240,333
115,215
571,501
1,238,776
7,052
190,262
981,095
22,584
16,271
106,642
179,115
167,037
530,968
903,949
179,803
702,148
166,387
135,068
3,480,335
2,618,323
125,118
2,720,199
2,845,317
40,533
334,827
7,052
10,4.59
278,947
22,584
16,271
106,642
12,728
31,969
862,012
3,707,329
4,805
15,829
21,479
42,113
3,749,442
Valuation Balance Sheet.
Assets.
to mortuary
Assets applicable
benefits $ 4,181,184 81
Total $ 4,181,184 81
Liabilities.
Net reserve S 3,749,442 00
Accrued claims 24, 199 71
Advance assessments 6, 104 60
Surplus 401,438 50
Total $ 4,181,184 81
The Actuary certifies that in his opinion the assets of the Society applicable to the Mortuary Fund,
as at Dec. 31, 1921, together with the premiums to be thereafter received from the members according
to the scales in force at the said date, are sufficient to provide for the payment at maturity of all the
obligations of the Fund without deduction or abatement.
Infantile Fund.
The amount of insurance is very small, the fund is undoubtedly solvent, and as an estimate of the
reserve liability practically the whole net ledger assets have been entered. Estimated reserve $750,
surplus SI 18. 61.
Sickness Fund.
Description of certificates. Indemnity accrues from the eighth day of disability, period of indemnity
limited to 20 weeks in any calendar year and 80 weeks in the aggregate throughout the whole lifetime of
any one member. Certificates provide weekly indemnity of S5.00. ($10.00 double benefit.)
The valuation bases were Manchester Unity, Whole Society (National Health Insurance, England,
" subdivided " Experience), 4%. The ratios of actual to expected claims were determined by age groups,
and the valuation made by R. P. Hardy's " ages passed through method ".
LIFE INSURANCE COMPANIES
459
SESSIONAL PAPER No. 8
Alliance Nationale — Concluded.
The premiums payable, less 5% carried to the expense fund, were valued, negative reserves being
excluded.
To allow for the limitation to 80 weeks indemnity throughout life, contracts were all assumed to
terminate at age 90.
Summary of valuation data: Number of certificates, 23,597; weekly indemnity in force, $135,345;
premiums valued, $129,658.80.
Valuation Balance Sheet.
Assets applicable to sickness bene- Value of future indemnities $ 2 , 499 , 270 00
fits $ 563,883 13 Unpaid claims 6,62076
Value of 95% of future premiums .. . 1,974,113 00 Surplus 32,105 37
Total $ 2,537,995 13 Total $ 2,537,996 13
The Actuary Certifies that in his opinion the assets of the Society applicable to the Sickness Fund,
as at 31st Dec, 1921, together with the premiums to be thereafter received from the members according
to the scales in force at the said date, are sufficient to provide for the payment at maturity of all the
obligations of the Fund without deduction or abatement.
Schedule A.
Real estate —
Actual Cost Department's
and Book Value Value.
391-395 Viger Ave., Montreal $ 70,233 20 $ 125,000 00
231-235 Beaudry Street, Montreal 16,550 36 16,550 36
St. .Joseph de Sorel 900 00 1,500 00
$ 87,683 56 $ 143,050 36
Schedule C.
*Bonds and debentures —
Government — Par Value.
Canada— Victory Loan $ 656, 500 00
Cities, Quebec —
Montreal 100,000 00
Three Rivers 5,000 00
Towns, Quebec —
Farnham 2, 000 00
Maisonneuve 34, 553 33
Pointe aux Trembles 2, 000 00
Rigaud 6,919 59
St. Pierre aux Liens 12,000 00
Sault au Recollet 170,000 00
Thetford Mines 15,000 00
Villages, Quebec — •
Mont Laurier 22,000 00
Ste. Agathe des Monts 5,000 00
Schools, Quebec —
Maisonneuve 8,580 41
St. Leon de Westmount 35,000 00
Book Value.
$ 649,596 13
98,000 00
5,000 00
1,500 00
27,568 69
2,000 00
6,729 59
10,800 00
152,330 00
12,102 50
22,000 00
4,595 00
8,580 41
31,158 21
Department's
Value.
$ 656,500 00
98,000 00
5,000 00
1 , 600 00
30,752 46
2,000 00
6,729 59
10,800 00
170,430 00
12,102 50
22,220 00
4,595 00
7,207 54
35,000 00
$ 1,074,553 33 $ 1,031,960 53 $ 1,062,937 09
Schedule E.
Cash in banks —
Hochelaga, Montreal
Montreal City and District Savings Bank, Montreal. . .
National Park Bank of New York City
The First National Bank of Fort Kent, Maine
Overdrawn.
Provincial Bank of Canada, Montreal $
Nationale, St. Catherine Centre branch, Montreal....
3,153 32
7,308 41
64,651 52
203 10
1,359 57
131 59
5,345 78
10,461 73
% 55,884 05
*0f which are on deposit with Receiver General: Dom. of Canada Victory Loan, $500,000; Town of
Sault au Recollet, $100,000.
460
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
THE SUBSIDIARY HIGH COURT OF THE ANCIENT ORDER OF FORESTERS
IN THE DOMINION OF CANADA.
Statement for the Year ending December 31, 1920
President, Albert Webber — Secretary, Archie Martin — Head Office, 80 Church St., Toronto.
(Originally incorporated under Chapter 167 of the Revised Statues of Ont. 1877. Subsequently incorporated
June 1.3, 1898 bv an Act of Parliament of the Dominion of Canada, 61 Vic. Cap. 91. Amended in 1901
by Edward VII Cap. 101. Incorporated in 1908 by 7-S Edward VII Cap. 108 and in 191? by 2 Geo. V,
Cap. .39. Commenced business Fund "B" October 1, 1898. Dominion License issued, Feb. 12, 1900.)
Assets
Total ledger assets
Deduct excess of total book value of
ledger assets over total Depart-
ment's value
Total ledger assets taken at Depart-
ment's value 1
Non-ledger assets
SUMMARY BALANCE SHEET
(Mortuary Insurance Fund.)
Liabilities
$ 666,861 92
15,713 03
651,148 81
46,970 k9
Total liabilities.
Surplus
626,562 00
71,557 13
Total assets $ 698,119 13
Total '. $ 698,119 13
SYNOPSIS OF LEDGER ACCOUNTS
(Mortuary Insurance Fund.)
As at December 31, 1919:—
Net and total ledger assets S .595,439 73
Increase in ledger a.ssets in 1920: —
Income S 126, 151 69
Decrease in ledger assets in 1920:-
Disbursements
$ 54,729 50
Total $ 721.591 42
As at December 31, 1920:—
Net and total ledger assets S 666, 861 92
Total S 721,591 42
ASSETS.
(Mortuary Insurance Fund.)
Ledger Assets
Loans to policyholders secured by the Company's policies in force, the reserve on each policy
being in excess of all indebtedness S 32,521 00
Book value of bonds, debentures and debenture stocks owned by the Company. {For
details see Schedule C) 611,771 42
Cash: At Head Office, $2,533.45; In Imperial Bank, Toronto. $19,974.11 22,507 56
All other ledger assets 61 94
Total Ledger Assets $ 666,861,92
Deduct excess of total book value of real estate, bonds, debentures and stocks over Depart-
ment's value 15,713 08
Total ledger assets taken at Department's value $ 651 , 148 84
Non-Ledocr Assets
Interest or dividends on — Due Accrued
Bonds and debentures $ 463 15 $9, 774 06
Premium notes, policy loans and liens 888 93
Total intere.st $ 463 15 S 10,662 99
$ 11,126 14
LIFE INSURANCE COMPANIES 461
SESSIONAL PAPER No. 8
Ancient Order of Foresters — Continued
ASS'ETS— Concluded.
Non-Ledger Assets — Concluded.
First Year Renewal
Gross premiums, less reinsured — Due and uncollected $ 1,912 7.5 $ 13,504 16
Deferred (net) 2,690 34 19,661,16
Total $ 4,603 09 $ 33,165 32
Deduct commissions and estimated loss in collection 573 84 1,350 42
Net premiums due and uncollected, and deferred •? 4,029 25 $ 31,814 90
$ 35,844 15
Total Non-Ledger Assets $ 46,970 29
Total Assets $ 698,119 13
LIABILITIES.
(Mortuary Insurance Fund.)
Net liability under assurance, annuity, and supplementary contracts in force for payments
not due, dependent on life, disability or any other contingency or on a term certain
(See Statement of Actuarial Liabilities) $ 571 ,413 00
Net liability for payments due under contracts: — Death losses, adjusted but unpaid 667 00
Provision for profits to policyholders payable in the year following the date of account 4,482 00
Special reserve 50, 000 00
Total Liabilities $ 626, 562 00
INCOME.
(Mortuary Insurance Fund.)
First Year Renewal Single
Assurance premiums .$ 15,300 20 $ 73,735.34 .$ *2,595 00
Less reinsurance premiums paid 474 74 25 46
Total net premiums $ 14,825 46 $ 73,709 88 $ 2,595 00
— • $ 91,1.30.34
Gross interest or dividends on —
Bonds and debentures $ 31,873 89
Premium notes, policy loans and liens 2,211 72
34,085 61
Gross profit on sale or maturity of ledger assets: — Bonds 935 74
Total Income $ 126, 151 69
DISBURSEMENTS.
(Mortuary Insurance Fund.)
Death. Matured
In respect of assurance contracts: — Claims. Endowments
Death and endov/ment claims-
Amount assured $ 19,823 00 $ 2,000 00
Bonus addition 146 00 131 00
Total $ 19,969 00 .$ 2,13100
$ 22,100 00
Net surrender values 2, 200 50
Net dividends —
In cash S 2,186 00
Applied as single premiums to purchase bonus addition 2,595 00
Total net dividends 4,781 00
Total net disbursements in respect of assurance contracts $ 29, 081 50
laxes, licenses and fees (including taxes on investments but excluding taxes on real estate).. 391 55
Head office expenses: — Salaries, •S4,401.50; directors' fees, $166.10; auditor's fees, $120.00;
rents, $137.50; actuary fees, .$500.00 5,325 10
Branch office and agency expenses: — Assurance commissions — first year, $5,209.95; renewal,
$3,476.75; salaries, $5,896.22; travelling expenses, $197.91 14,780 83
All other expenses: — Advertising, $1,468.80; books and periodicals, $147 ..30; express
telegrams and telephones, $121,99; medical fees, $1,552.95; office furniture, $116.15; post-
age, .1625.46; printing and stationery, $886.80; miscellaneous, $164.66 5,087 11
Gross loss on sale or maturity of ledger assets: — Bonds 63 41
Total Disbursements $ 54, 729 50
*Paid by application of assurance dividends.
462
DEPARTMENT OF INSURANCE
Ancient Order of Foresters — Continued
EXHIBIT OF POLICIES.
(Mortuary Insurance Fund.)
11 GEORGE V, A. 1921
Wh
ole Life.
Endowment
Assurances.
Bonus
Additions
T
otals.
No.
Amount
No.
Amount
No.
Amount
At end of 1919
2,533
422
3
S
2,261 244
466,700
2,500
250
570
807
302
3
S
450,450
1.55,500
8.50
S
26,3.33
5,105
3,340
724
6
$
2,738,027
627,-365
3 350
New issued
Old revived
Old increased
250
Transferred to
2
2
570
Totals
2,960
2,731,264
1,112
606,800
31,498
4,072
3,369,562
Less ceased by: —
Death
18
18,604
2
2
1,382
2,000
68
7,800
8,900
1.38
131
20
2
OQ 194
Maturity
"> 131
Expiry
68
Surrender
11
77
8,531
63,2.50
480
20,000
13
40
326
555
20
24
117
""38
1
16 657
Lapse
7'7 705
Decrease
500
Not taken
19
19
1
12,9.50
1,100
3'' 9.50
1 ransferred from
1 100
1 otal ceased
125
110,865
77
34,200
1,170
202
146 235
At end of 1920
2,835
2,620,399
1,035
572,600
30,328
3,870
3,223,327
Reinsured
12,000
3,000
15,000
MISCELLANEOUS.
New policies issued and paid for in cash: — Number, 677; gross amount, S584,750; reinsured
in other licensed companies, .?13,000.
Total amount in force divided as to dividend plan: — Quinquennial, S2, 945, 228; non-particip-
ating, $278,099.
Total $ 3,223,327 00
STATEMENT OF ACTUARIAL LIABILITIES.
(Mortuary Insurance Fund.)
Assurance section.
Class of Contract.
Gross in Force.
Reinsured in Companies
licensed in Canada.
Number.
Amount.
Reserve.
Amount.
Reserve.
Ordinary with Profits —
Life
2,489
1,035
$
2,342,300
572,600
30,328
S
317,678
119,581
14,860
. S
12,000
3,000
S
315
Endowment Assurance
281
Bonus Addition
Totals
3,524
2,945,228
452,119
15,000
596
Ordinary without Profits —
Life
346
278,099
119,890
Grand Totale
3,870
3,223,327
572,009
15,000
596
SUMMARY OF RESERVE.
With Without
Profits. Profits. Total.
Total reserve, policy and annuity contracts S 452, 119 00 S 119,890 00 S 572,009 00
Total reserve on reinsured contracts 596 00 596 00
Total net reserve on the Company's (statutory) basis of valua-
tion % 451,523 00 S 119,890 00 S 571,413 00
Deduction therefrom permitted under Section 43 f3). Insurance
Act, 1917, (none made) ( 11,53100) (11,53100)
Net reserve carried in the liabilities $ 451,523 00 S 119,890 00 $ 571,413 00
LIFE INSURANCE COMPANIES 463
SESSIONAL PAPER No. 8
Ancient Order of Foresters — Continued
SUMMARY OF THE REPORT OF THE ACTUARY
made in accordance with the requirements of Section 112 of the Insurance Act (1919 Amendment affecting
Friendly Societies).
The Report was made by Mr. J. B. McKechnie, of Toronto, Fellow of the Institute of Actuaries of
Great Britain, and Fellow of the Actuarial Society of America.
Mortuary Funi.
A complete statement of the Insurance Fund is furnished to the Department of Insurance each year,
substantially the same as that furnished by old line companies.
The books and records of the society are in satisfactory form and tests made showed the valuation
data to be accurate.
1 he rate of interest realized during the year on the mean net ledger assets w^as 5.4%.
Policies were grouped for valuation according to year of issue, plan and age at issue (next birthday)
used in fixing the premium, and the valuation was made from prepared tables of mid-year reserves
calculated according to the net premium method on the Om (5) 3J% bases. The full loading in the
premiums is reserved for expenses. On discontinuance of premium payment after three years, a member
is entitled to a cash value, paid-up insurance, or extended insurance, the value of which in no case exceeds
the reserve.
A summary of the valuation is given on page 462.
The Actuary certifies that in his opinion the reserve shown in the said summary together with the
premiums, dues and other contributions to be received from members according to the scale in force
at the date of valuation is sufficient to provide for the payment at maturity of all the obligations of the
Insurance Fund without deduction or abatement.
The net reserve liability shown by the valuation was $571,41.3.00, w"hile the fund available to be set
against this liability is .1692,970. 1.3, giving a surplus of S121,.557.13. This surplus has largely arisen from
interest earned in excess of that assumed in the valuation and from favourable mortality.
In the distribution of surplus, the contribution method was used, the following being the factors:—
Interest, 5%; Expenses, 5% of gross premium plus $3.00 per 11,000 of insurance; Mortality, 40% of Hm Table.
Other Funds.
The records of the Sick and Funeral Fund and of the other minor funds were not found to be in such
condition as would enable an actuarial investigation to be made. Improvements are being effected, and
it is anticipated that valuations can be made as at 31st December,^1921.
Schedule C.
*Bonds and debentures— Par Book Department's
Governments — value. value. value.
Canada, Victory Loan $ 153,000 00 $ 152,162 87 $ 152,162 87
British Columbia— Bonds 5,000 00 5,012 15 5,012 15
Ontario— Debentures 8,000 00 7,969 94 7,910 00
Cities —
AZ6er<a, Calgary ; 15,000 00 14,905 37 14,200 00
British Columbia —
Cranbrook 10,000 00 9,807,91 7,900 00
Ladysmith 13,000 00 13,449 85 12,378 78
Revelstoke 10,000 00 10,000 00 9,100 00
Three other cities, par value for each not ex-
ceeding $5,000 12,000 00 11,659 88 10,. 550 00
OfltdTio — ■
Belleville •. . 11,000 00 10,14160 10,14160
Hamilton 10,000 00 9,502 25 9,502 25
Kitchener 22,453 18 22,61146 22,61146
Four other cities, par value for each not
exceeding $5,000 11,075 63 11,133 48 10,576 38
Towns — ■
Alberta — Two towns, par value for each under
.$3,500 5,438 07 5,. 332 90 5,150 78
Manitoba — Two towns, par value for each not
exceeding, $3,600 ". . . . 6,615 06 6,284 14 6,139 40
*0f which are on deposit with Receiver General:— Citv of Calgary, $10,000; Citv of Cranbrook, $10,000
City of Ladysmith, $5,000; City of Port Arthur, $5,000; City of Toronto, $2,.300: Citv of Vernon, .$4,000;
Town of ClifiFord, $5,582.56; Town of NewLiskeard, .$6,133.44; Town of Oakville,. $4 ,8.38.29: Town of Penetan-
guishene, $1,578.93; lownof Renfrew, $6,552.09; Town of Walkerton, $2,081.13; Town of Weston, $17,849.70;
Town of Swift Current, $6,473.15; District of i-'aanich, $5,000; Township of Drummond, $2,599.04;
Township of Grey, .$2,223.06; Township of York, $5,000; Portage la Prairie School, $5,000; Hydro Electric
Power Comm. of Ontario, $8,000.
464 DEPARTMENT OF IXSURANCE
11 GEORGE V, A. 1921
Ancient Order of Foresters — Continued
Schedule C. — Concluded.
Bonds and debentures — Concluded. Par Book Department's
Towns — Concluded. value. value. value.
Ontario —
Midland S 9, 066 78 $ 9.066 78 $ 9,066 78
NewLiskeard 14,8.3.5 12 14,750 7] 1.3,48.5 61
Weston 23,777 83 20,014 41 21,046 76
Eleven other towns, par value for each
under $6,600 48,. 3.3.5 12 48,866 17 46,762 27
Saxkalchewan —
Battleford 11,069 94 10,979 33 9,669 94
Weyburn 10,000 00 10,153 12 8,500 00
Seven other towns, par value for each under
«6,500 29,6.56.58 30,192 32 27,485 11
Villages, Ontario —
Richmond Hill 8,639 24 8,729.58 8,639 24
Ihree other villages, par value for each
under.?5,600 •.■.•••.•.• 11,311.37 10,895 60 10,753 09
Townships, District.^ or Municipalities —
British ColumbiaSsLSimch 5,000 00 4,609 73 4,650 00
Manitoba —
Assiniboia 7,763 33 7,489 65 7,285 11
East Kildonan 10,000 00 9,283.33 9,600 00
Ontario —
York 10,815 86 10,680 12 10,843 66
Five other to\vTiships, par value for each
under $2,600 6,0.37 70 6,018 48 5,806 66
Schools —
Alberta — Seven schools, par value for each not
exceeding $1,750 4,950 00 4,95111 5,03130
Manitoba — Three shcools, par value for each
not exceeding $5,000 8,860 00 9,006 95 8,493 80
On<ano— Toronto, R. C 10,000 00 9,075 00 9,075 00
Saskatchewan — Fifteen schools, par value for
each under $5,300 13,93167 14,022 03 14,073 94
Rural Telephone, Saskatchewan— Clyde 11,522 .52 12,058 56 12,058 56
Railways —
Canadian Northern Ry., 1st mortgage (g'teed.
by Manitoba), 1930, 4 p.c 12,166 66 10,624 60 10.624 60
Canadian Northern Western Ry., 1st mort-
gage (g'teed. by Alberta), 1942, 4i p.c... 21,880 51 18,725 .30 18,725 .30
Canadian Northern Western Ry., 1st mort-
gage (g'teed. by Alberta), 1943, 4^ p.c 11,086 11 9,780 91 9,780 91
Canadian Northern Pacific Ry., 1st mortgage
(g'teed. by British Columbia), 1950, 4i p.c. 22,386 66 16,542 14 16,542 14
Ontario West Shore Electric Ry., 1st mort-
gage (g'teed. by Huron), 1938, 5 p.c 10,000 00 9,649 12 9, .349 12
Miscellaneous —
Hydro Electric Power Comm. of Ontario
(g'teed. by Ontario), 1957, 4 p.c 8,000 00 5,632 57 5,632 57
$ 633,674 94 % 611,771 42 $ 596,317 14
summ.^ry or the account.s of the subsidiary high court, a. of., other than the mortuary
Insurance Accounts.
INCOME.
Receipts from members —
Sick and funeral fees $ 20,488 08
Management dues 11,777 63
$ 32,265 71
Other receipts —
Guarantee Fund, $101.19; Balance Merchandise account, $17.93; Special levy, $78.39. ... 197 51
Interest 2,012 41
Total Income ^ $ 34,475 63
DISBURSEMENTS.
Funeral benefits $ 19,265 00
Extended sickness benefits 2, 665 77
Sundry oxoenses: —
Loss on mortgage, $199.58; Salaries, $4,247.55; General expenses, $4,836.96; Grants to
Courts, $375.30; Balance organization and reconstruction account, $134.82; Balance '
"Ancient Forester" Account, $1,344.11 11,138 32
Total Disbursements $ 33,069 09
LIFE INSURANCE COMPANIES 465
SESSIONAL PAPER No. 8
Ancient Order of Foresters — Continued.
ASSETS OF OTHER BRANCHES.
Cash on hand at head office $ 660 23
Cash in banks 8,737 65
.S 9,-397 88
Bonds and debentures —
Dominion of Canada Victory Loan, .$4,150 $ 4,099 29
Province of Ontario Debentures, $3,000 2,989 26
City of Brantford, $5,000 3,875 72
City of Ladysmith, $2,000 2,000 00
City of Port Arthur, $8,760 7,837 45
City of St. Catharines, .$3,000 2,739 61
City of Vancouver, $486.67 486 67
City of Welland, $2,000 1,920 79
Town of Gananoque, .$3,500 3,500 00
Town of Oshawa, $3,516.29 3,388 42
Township of Louth, .$605.13 605 13
Township of York, $5,000 5,085 95
Taber School District, .|3,.333.33 3,302 22
41,8.30 51
Real estate 646 68
Net Assets — branches other than mortuary insurance $ 51, 875 07
SuMM.\RY OF Funds of the Subsidiary High Court, A. OF.
Beneficiary fund S 666,861 92
Sick and funeral fund 28, 234 32
Companions of the Forest fund 11, 347 60
Juvenile Federation fund 2, 593 27
Special levy fund 1,794 13
Guarantee fund 3,483 92
Management fund 6, 749 07
$ 721,064 23
Overdraft in— Ancient Forester fund $ 1 , 652 23
Reconstruction fund 675 01 2,327 24
Total $ 718 , 736 99
Total Assets (Beneficiary Fund $666,861.92, Other Funds, $51,875.07) $ 718,736 99
summ.\ry of the fln.xnci.-kl statement of the various subordinate courts, circles and juvenile
Branches of the A.O.F. in Canada.
INCOME, 1920.
Fees and dues (less levies paid to High Court) $ 102,410 31
Interest 13,353 34
Rents 2,676 50
Fines 21 20
Total Income -. $ 118,461 35
DISBURSEMENTS, 1920.
Paid to members —
Sickness and funeral benefits $ 50,435 26
Medical attendance and examinations 23,013 19
Grants to courts and members 740 51
$ 74,188 96
Paid for salaries, etc 12,005 94
Rent, light, fuel and taxes ' 8,983 55
Sundry other expenses (net) 14,679 89
Total Disbursements $ 109,858 34
Excess of Income over Disbursements $ 8, 603 01
8—30*
466 DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
Ancient Order of Foresters — Concluded
ASSEIS, DECEMBER 31, 1920.
..$ 33,030 98
Real estate ... 70,543 19
Mortgages .... 130,912 41
Bonds and debentures 484 59
Stocks and goods ... 12,917 25
Cash in treasurer's hands 82,579 53
Cash in banks 8,958 79
Chattels and court property " ■ ' " 12,2-'0 84
Dues unpaid 2 , 851 52
Sundries
..S 354,529 10
Total A^cts ===
LIABILITIES, DECEMBER 31, 1920.
$ 9,737 24
Dues on mortgage loans 1,875 76
Tees paid in advance ' ' ' 6, 196 98
Other liabilities
S 17 809 98
Total Liabilities (excluding reserve) '
MEMBERSHIP, DECEMBER 31, 1920.
13,896
Courts 2, 147
Companions of the Forest " " ' 2,278
Juvenile members 98
High Court
18,419
Total .
LIFE INSURANCE COMPANIES
467
SESSIONAL PAPER No. 8
LA SOCIETE DES ARTISANS CANADIENS FRANgAIS.
Statement for the Year ending December 31, 1920.
President, Rodolphe Bedard — Vice-President, N. Deschamps — Secretary and Treasurer,
Henri Roy— Head Office, 20 St. Denis St., Montreal— Directors, M. M. L. G. Bertrand,
J. E. Racicot, M.D., EuG. Desmarais, J. E. C. Daoust, E. Hurtubise, M.D., E.
DeSJARLAIS, J. S. DUPERE.
(Incorporated 7-8 George V, Chapter 71. Assented to July 25, 1917. Commenced business in Canada
August 14, 1877.)
SUMMARY BALANCE SHEET BY FUNDS.
Mortuary
Fund.
Sickness
Fund.
Infantile
Benefit
Fund.
Special and
General
Expense
Fund.
Totals.
Ledger assets
$ cts.
4,733,854 19
15,063 64
$ cts.
393,448 07
1,251 98
$ cts.
12,598 42
40 08
$ cts.
15,709 99
49 99
$ cts.
5,155,610 67
16,405 69
Add excess of total Department's value
of ledger assets over total book
value
Total ledger assets taken at Depart-
ment's value
4,748,917 83
63,121 42
14,126 94
394,700 05
5,246 21
4,001 89
12,638 50
167 98
302 01
15,759 98
209 47
3,262 57
30 00
5,172,016 36
68,745 08
21,693 41
30 00
Non-ledger assets —
Assessments due and unpaid
Rents
4,826,166 19
4,547,214 56
403,948 15
577,817 12
13,108 49
11,460 42
19,262 02
14,424 50
5,262,484 85
5 150 916 60
Liabilities
Surplus (s) ; deficiency (d)
(s)278,951 63
(d)173,868 97
(s) 1,648 07
(s) 4,837 52
(s) 111,568 25
SYNOPSIS OF LEDGER ACCOUNTS BY FUNDS.
Mortuary
Fund.
Sickness
Fund.
Infantile
Benefit
Fund.
Special and
General
Expense
Fund,
Totals.
As at December 31, 1919:-—
Net and total ledger assets
$ cts.
4,232,097 00
$ cts.
352,8.39 77
$ cts.
5,544 92
$ cts.
3,535 14
$ cts.
4,594,016 83
Increase in ledger assets in 1920: —
Income . .
904,590 19
183,542 95
8,362 50
174,764 96
1,271,260 60
Decrease in ledger assets in 1920: —
Disbursements
402,833 00
142,934 65
1,309 00
162,590 11
709,666 76
As at December 31, 1920:—
Net and total ledger assets
4,733,854 19
393,448 07
12,598 42
15,709 99
5,155,610 67
468 DEPARTMENT OP INSURANCE
t
11 GEORGE V, A. 1921
Artisans Canadiens Franqais — Continued.
ASSETS (All Funds).
Ledger Assets.
Book value of real estate, unencumbered, held by the Society {For details see Schedule A). .$ 104,483 76
Mortgage loans on real estate, first liens 744, 937 25
Loans to members secured by the Society's policies in force, the reserve on each policy
being in excess of all indebtedness 358, 331 54
Book value of bonds, debentures and debenture stocks owned by the Society {For details
see Schedule C) 3,899,701 23
Book value of stocks owned by the Society {For details see Schedule D) 2, 650 00
Cash: At Head Office, §1,283.89; in banks, $44,223 {For details see Schedule E) 45,506 89
Total Ledger Assets S 5, 155, 610 67
Add excess of total Department's value of real estate, bonds, debentures and stocks over
total book value 16, 405 69
Total ledger assets taken at Department's value $ 5,172,016 36
Non-Ledger Assets.
Interest, dividends and rents, due and accrued: —
Interest or dividends on — Due. Accrued.
Mortgages $ ] , 662 64
Bonds and debentures $ 20,475 00 46,582 77
Stocks 24 67
Total interest $ '20,499 67 S 48,245 41
Rents 30 00
Total interest, dividends and rents, due and accrued $ 20,529 67 S 48,245 41
S 68,775 08
Premiums, contributions, etc., due:
Mortuary Fund $ 14, 126 94
Sickness Fund 4,001 89
Infantile Benefit Fund 302 01
General Expense Fund 3,262 57
21,693 41
Total Non-Ledger Assets $ 90, 468 49
Total Assets $ 5,262,484 85
LIABILITIES.
Mortuary Fund —
Liability under contracts in force for payments not due (Reserve) $4,477,246 00
Surrender values claimable under cancelled contracts 10,000 00
Liability for payments due under contracts: —
Out of
In Canada. Canada.
Adjusted but unpaid $ 20,300 00 $ 11,500 00
Unadjusted 16,74100 1,500 00
Totals $ 37,04100 $ 13,000 00 50,04100
I
$ 4,547,214 56
Provision for unreported claims 1 , 000 00
Premiums received in advance 8,927 56
Sickness Fund —
Liability under contracts in force for payments not due (Reserve) $ 571,253 00
Liability for unadjusted payments due under contracts: — In Canada,
$4,056.73; out of Canada, $915.32 4,972 05
Premiums received in advance 1,592 07
Infantile Fund —
Liability under contracts in force for payments not due (Reserve) $ 11,333 00
Liability for payments due under contracts 17 00
Premiums received in advance 110 42
General Expense Fund —
Salaries, rents and office expenses, due and accrued $ 1,072 82
Other items due and accrued: Medical examiner's fees, $7,593; legal fees,
$950.26; badges, printing, stationery, advertising, committees,
$3,384.64 11,927 90
Received in advance of due date: per capita tax 1 , 423 78
577,817 12
11,460 42
14,424 50
Total Liabilities $ 5, 150,916 60
LIFE IXSURANCE COMPANIES 46
SESSIONAL PAPER No. 8 • "
Artisans Canaeiens Fran^ais — Continued.
INCOME.
Mortuary Fund: —
Premiums: In Canada, $463,620.72; out of Canada, $199,586.90 $ 663,207 62
Interest, dividends and rents 213,906 00
Gross profit on sale or maturity of ledger assets 9 43
Increase in liens on certificates of pre 1907 members 27,467 14
Sickness Fund: —
Premiums: In Canada, $110,886.03; out of Canada, $54,004.07 $ 164,890 10
Interest, dividends and rents 18, 652 85
-$ 904,590 19
Infantile Benefit Fund: —
Premiums: In Canada, $3,810.84; out of Canada, $4,088.09 $ 7,898 93
Interest 463 57
General Expense Fund and Special Fund: —
Out of
From members — In Canada. Canada.
Per capita tax and dues $ 93,077 73 $ 46, 780 57
Medical examiners fees and cards 4, 104 35 1 , 759 00
183,542 95
8,362 5C
Total $ 97,182 08 $ 48,539 57
$ 145,721 65
From other sources —
Interest, dividends and rents, $1,997.34; subscriptions for aid to
members, $717.42; badges, lodges, supplies, $3,645.68; exchange on
currency, $22,682.87 29,043 31
174,764 96
Total Income $ 1 , 271 , 260 60
DISBURSEMENTS.
Out of
Mortuary Fund — In Canada. Canada. Total.
Death claims $307,236 00 $ 85,172 00 $392,408 00
Disability claims 6,800 00 1,300 00 8,100 00
Annuities 200 00 200 00
Liens voided by lapse 1,674 00 45100 2,125 00
Totals $315,910 00 $ 86,923 00 $402,833 00
$ 402,833 00
Sickness Fund —
Sickness claims $108,470 88 $ 34,463 77 $142,934 65
Infantile Benefit Fund $ 807 00 $ 502 00 $ 1,309 00
142,934 65
1,309 00
Total disbursements in respect of membership certificates $ 547,076 65
General Expense Fund —
Head office expenses: — Salaries, $48,715.11; directors' fees, $2,440; auditors'
fees, $1,200; actuaries' fees and expenses, $1,002.40; travelling expenses,
$5,756.55; rents, .13,185.61; miscellaneous, $1,650.09 $ 63,949 76
Agency and organization expenses: — Commissions, $13 126.85; salaries,
$16,041.73; travelling expenses, $8,693.65; Insurance Department fees,
$1,247.27 39, 109 50
All other expenses: — Advertising, $4,214.44; books and periodicals, $420.60;
express, telegrams and telephones, $922.26; legal fees, $3,833.48;
medical fees, $9,344.65; office furniture and badges, $7,880.14; postage,
$2,429.51; printing and stationery, $11,330.05; commissions on loans,
$1,630.63; official publication, $11,411.69; claims expenses, $46.05;
annual celebration, $2,166.53; subscription to help members and
lodges, $1,879.43; miscellaneous, $2,021.39 59,530 85
162,590 11
Total Disbursements $ 709,666 76
470 DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
Artisans Canadiens Francais — Continued.
EXHIBIT OF CERTIFICATES (Total Business.)
Classification.
Whole Life.
Endowment
Assurances.
Term and
Other.
Totals.
No.
Amount.
No.
Amount.
No.
Amount.
No.
Amount.
At end of 1919
44,217
3,978
176
$ cts.
33,532,485 06
2,800,220 00
142,100 00
192,632 00
74,968 00
876
1,066
4
""27
$
683,250
778,100
4,000
34,500
19,250
815
660
4
""l58
$
741,300
645,850
6,500
40,155
111,350
45,908
5,704
184
270
$ cts.
34,957,035 06
4,224,170 00
1.52,600 00
New issued
Old revived
Old increased
267 287 00
Transferred to
85
205,568 00
Totals
48,456
36,742,405 06
1.973
1,519,100
1,637
1,545,155
52,066
39,806,660 06
Less ceased by: —
Death
Disability
491
18
1,588
405,153 00
16,200 00
1,053,755 00
53,106 00
192,318 00
1
500
6
4,250
498
18
1,829
270
409,903 00
16,200 00
Lapse
138
3
103,750
750
1,750
103
""12
92,250
1,700
11,500
1 249,755 00
Decrease
55,556 00
Transferred from
255
205,568 00
Total ceased
2,352
1,720,532 00
142
106,750
121
109,700
2,615
1,936,982 00
At end of 1920
46, 104
35,021,873 06
1,831
1,412,350
1,516
1,435,455
49,451
37,869,678 06
EXHIBIT OF CERTIFICATES (Business out of Canada.)
Classification.
Whole Life.
Endowment
Assurances.
Term and
Other.
Totals.
No.
Amount.
No.
Amount.
No.
Amount.
No.
Amount.
At end of 1919
14,661
1,076
49
372
10,620,418
728,400
38,100
272,764
46,900
18,500
538
489
1
29
• ""ig
$
383,250
330,850
1,000
22,000
17,500
13,750
218
100
%
170,850
74,500
15,417
1,665
50
404
69
11,174,518
New issued
1,133,750
Old revived
39,100
Transfers received
from lodges ... .
3
" "28
4,000
2,750
12,850
298,764
67,150
Transferred to
22
45,100
Totals
16,180
11,725,082
1,076
768,350
349
264,950
17,605
12,758,382
Less ceased by:—
Death
115
3
538
404
89,822
2,600
327,455
289,553
14,717
42,350
1
500
3
1,750
119
3
635
439
69
92,072
Disability
2,600
69
30
2
47,250
22,750
500
1,250
28
5
2
19,500
5,500
1,500
1,500
394,205
Transfers to lodges. .
Decrease
317,803
16,717
Transferred from
65
45,100
Total ceased
1,125
766,497
102
72,250
38
29,750
1,265
868,497
At end of 1920
15,055
10,958,585
974
696,100
311
235,200
16,340
11,889,885
LIFE INSURANCE COMPANIES 471
In Canada.
24,362
2.668
108
Out of
Canada.
12,023
964
40
Total.
36,385
3,632
148
27,138
13,027
40, 165
289
1,076
92
599
381
'1,675
1,365
691
2,056
25,773
12,336
38,109
SESSIONAL PAPER No. 8
Artisans Canadiens FRANgAis — Continued.
EXHIBIT OF SICKNESS CERTIFICATES.
In force December 31, 1919 —
New issued during 1920
Revived during 1920
Total
Terminated during 1920 by: —
Death
Lapse
Total terminated .
In force December 31, 1920. . . .
BENEFITS GRANTED UNDER SICKNESS CERTIFICATES.
There is no " waiting period " after admission. A member is entitled to an indemnity during
sickness of $5 per week ($10 per week, " double benefit system ") for, not exceeding 15 weeks in any
calendar year. Throughout the whole period of membership, a member is not entitled to more than
$400 of sickness indemnity ($800, " double benefit system "). A member who, during anj' calendar
year, claims the full fifteen weeks indemnity cannot thereafter claim indennnity for sickness occurring
within six months dating from^ the end of the last week for which indemnity was paid.
MISCELLANEOUS STATEMENT.
I. The society carries on business in Canada and in the following states of the United States: —
Massachusetts, Maine, New Hampshire, Michigan, Connecticut, Rhode Island, Vermont, New York.
II. Members may be reinstated in the mortuary fund at any age under 60 years, subject to passing
a satisfactory medical examination, on payment of arrears of premiums with interest at 6 per cent per
annum. In the Sick Benefit Fund the limiting age is 55 years.
III. Subject to statutory requirements, a member in good standing, not less than five years in the
Society, is entitled on demand, to a paid-up certificate of a reduced amount or for the full amount but for
a limited term. The reserve accumulated under the original certificate, less $25 per SI, 000, is applied
to purchase the paid up insurance on the Am. 3^% basis. After premiums are in default for 90 days, all
rights of membership are forfeited, but, if at date of forfeiture the membership was of five years duration
or upwards, the beneficiaries will have the right to claim the amount of reduced paid up insurance
available as at date of forfeiture.
IV. If the valuation of an actuary shows a surplus in the mortuary fund in excess of 10%, the surplus
or any part thereof m^ay be applied in payment of assessments falling due. One full assessment was
thus paid, in the mortuary fund, in each of the years 1915, 1916 and 1917.
SUMMARY OF-THE REPORT OF THE ACTUARY
made in accordance with the requirements of Section 112 of the Insurance Act, 1917 (1919 Amend-
ment affecting Friendly Societies).
The Report was made by Mr. J. B. Mabon, of Montreal, Fellow of the Actuarial Society of America,
and Associate of the Institute of Actuaries of Great Britain.
The rate of interest earned on the mean net ledger assets of the Society during 1920 was 5-13 per cent.
Mortuary Fund.
The valuation was made throughout on the N.F.C. 4% basis, with provision for the payment of claims
immediately on maturity and for the payment of premiums monthly. The Total and Permanent Disabil-
ity feature of the certificates provides for the payment on the occurrence of disability of one-half the sum
assured, in full satisfaction of all obligations under the certificate. No additional reserve was made
for this feature as, on the average, no loss arises thereunder to the Society.
Members admitted as at age next birthday were assumed, on the average, to have attained age next
birthday at the end of the calendar year of entry and in the valuation they were assigned the full duration
dating from the end of the calendar year of entry. Members admitted at age nearest birthday, and
members re-rated in the 1912 readjustment as at age last birthday on 31 December, 1912, were assumed,
on the average, to have attained the integral age assigned at entry or at readjustment, as at July 1st in
the year of entry or in 1912, respectively; and in the valuation they were assigned the full duration dating
from the said July 1st.
Full allowance was made in the valuation for the provision for expenses, and negative values were
excluded. The benefits which accrue on discontinuance of membership are less in value than the reserve
on the basis of valuation.
472
DEPARTMENT OF lySURANCE
11 GEORGE V, A. 1921
Ahtisans Canadiens FRANgAis — Continued.
Summary or Valuation.
—
Number of
Members.
Amount
Assured .
Premiums
Payable.
Premiums
Valued.
Net
Liability.
Negative
Values
Excluded.
Whole Life
44,700
1,359
1,831
156
1,404
1
$
34,848,860
1,318,455
1,412,350
116,000
173,013
1,000
$ cts.
638,407 52
29,960 37
61,727 36
1,799 38
S cts.
633,851 90
28,719 76
58,685 89
1,779 98
$
4,325,388
15,423
39,146
6,724
90,560
5
1
27,554
11,291
9,379
148
Lim. Pay. Life
Endowment
Pension at 70
Paid-up Life
Paid-up Term
Totals
49,451
37,869.678
731,894 63
723,037 53
4,477,246
48 372
Valuation Balance Sheet.
Assets.
Funds applicable to Mortuary Bene-
fits S 4,826,166 19
Present value of future contributions. . 10, 133, 685 00
Total $14, 959,851 19
Liabilities.
Present value of benefits $14,610,931 00
Liabilility on lapsed policies 10,000 00
Other liabilities 59, 968 56
Surplus 278, 951 63
Total $14, 959, 851 19
The Actuary states that in his opinion the reserve shown by the above valuation, together with the pre-
miums to be received according to the scales in force, is sufficient to provide for the payment at
maturity of all obligations of the Mortuarj' Fund, without deduction or abatement.
Sickness Fund.
The remarks above under "Mortuary Fund" as to ages and durations apply to the Sickness Fund.
The valuations which had previously been made by the Department of Insurance were based on rates
of sickness experienced by the Society during the years 1911 to 1916, inclusive. During more recent years,
however, the sickness experienced by the Society has been reduced, due, it is believed, to administration
of the business centrally rather than through the branches and the consequent more efficient supervision
of claims. During the years 1919 and 1920, over 23*:^ of the claims were on account of influenza. Notwith-
standing, however, the total claims were only 86% of the expected according to the 1911-16 experience.
If all the influenza claims had been excluded, the ratio of actual to expected would have been &()%. In
these circumstances it was deemed necessary to make valuations on bas'es more nearly in keeping with
recent experience, and in accord with what seems safe to assume for the future. Accordingly rates of
sickness were deduced following the general trend of 1911-16 experience but modified to agree with the
experience of 1919 and 1920 with the omission of 25% only of the 1919 influenza claims. The influenza
claims thus excluded were 17% of the total influenza claims and but 4% of the total claims from all causes.
A valuation was made using the reduced rates of claim and N.F.C. mortality with 5% interest.
Ninety-five per cent of the premiums payable was valued, the remaining five per cent being carried to
the General Expense Fund. Negative values of S88,384 were excluded and no allowance was made for
profit from lap.sos nor for the limitation of benefits payable to each member throughout life to $400.
(Double benefit S800). The degree of solvency shown was 89-4%.
The Actuarj' has, however, made up a Valuation Balance Sheet in which credit is taken for less than
20% of the negative values above referred to, an allowance is made for the profit from lapses to the extent
of $100,000, and an allowance for the saving by reason of the $400 limit to total benefit. The Balance Sheet
stands as follows:
V.^LU.^TION B.\LANCE ShEET AT 5%.
Assets. Liabilities.
Funds applicable to Sickness Benefits. $ 403,948 Present value of benefits $ 3,327,217
Contributions 2,577,964 Other Liabilities 6,564
Estimated value of lapses 100,000
Allowance for .$400 limitation 63, 000
Negative values included '. 15, 000
Deficiency 173,869
Total $ 3,333,781 Total $ 3,333,781
LIFE INSURANCE COMPANIES
473
SESSIONAL PAPER No. 8
Artisans Canadiens Fran5AIS — Continued.
The degree of solvency shown by the above Balance Sheet is 94-8%.
The actuary states that in his opinion the deficiency in the sickness fund, which is almost entirely
due to the remission of assessments in former years, will be rapidly reduced under the centralized method
of administration and he has therefore not recommended that any change in assessments or benefits be
made until further time be given for observing the pro^^ress of the Fund .
Infantile Fund.
With the exception of two contracts valued on the Hm. Zi% basis, the valuation was made on the
Standard Industrial Mortality Table, 3h%- The benefits are small per individual membership. The
total number of members is 7, 192, the reserve $11,333, and the net funds applicable to benefits, $12,981.07.
The Actuary is of the opinion that the reserve on the above basis, together with the contributions to
be received according to the scale at present in force, is sufficient to provide for the payment at maturity
of all the obligations of the Fund without deduction or abatement.
Schedule A.
Actual
Cost and Depart-
Book ment's
Value. Value.
^ Lot corner St. Denis and Vitre St., St. Louis Ward, Montreal$ 15,700 00 $ 30,000 00
Head office building, 20 St. Denis, Montreal 88, 783 76 100, 000 00
$ 104,483 76 $ 130,000 00
*Bonds and debentures —
Governments —
Canada— Victory Loan $ 100, 000 00
Massachusetts— Bonds 5, 000 00
United States of America — Liberty Loan 15, 000 00
Cities —
Alberta —
Calgary 319,739 92
Edmonton 139, 185 04
Lethbridge 6,813 33
Medicine Hat 33, 113 30
Manitoba— St. Boniface 50,000 00
Ontario— Sault Ste. Marie 2,000 00
Quebec —
Fraserville 100, 000 00
Hull 5, 000 00
Montreal 1 , 118, 157 94
Quebec '. 6,000 00
Three Rivers 7,000 00
Verdun 100, 000 00
Towns, Quebec — ■
Cartierville 39,000 00
Drummondville 55,000 00
Farnham 50,000 00
Grand Mere 34,000 00
Hampstead 176, 000 00
Laval des Rapides 119,000 00
Laval de Montreal 71,000 00
Levis 2, 950 00
Maisonneuve 33,273 32
Mount Royal 115,000 00
Pointe aux Trembles 72, 500 00
Ste. Cunegonde 85,000 00
St. Jerome 25, 000 00
St. Laurent 11,105 03
Sorel 75,000 00
Terrebonne 28, 352 19
Thetford Mines 70,000 00
Schedule C.
Par
Value.
Book
Value.
Depart-
ment's
Value.
100,000 00 $ 100,000 00
5,437 00 5,437 00
15,000 00 15,000 00
260,268 91
122,459 64
5,368 91
29,038 33
52,510 00
2,000 00
105,230 00
5,000 00
1,110,142 52
6,000 00
7,000 00
95,368 00
37,494 60
49,325 00
41,700 00
33,711 00
172,452 50
104,416 80
71,000 00
2,950 00
27,929 44
100,050 08
72,500 00
89,020 50
21,482 50
11,228 08
67,680 00
29,623 62
70,000 00
271,632 91
126,999 04
5,518 80
29,473 03
48,500 00
2,000 00
87,000 00
5,000 00
1,105,163 24
5,720 00
7,000 00
102,000 00
40,170 00
49,325 00
40,000 00
33,711 00
172,452 50
104,416 80
71,000 00
2,950 00
28,603 26
103,500 00
72,500 00
89,020 .50
21,482 50
11,228 08
68,250 00
29,623 62
70,000 00
*0f which are on deposit with Receiver General:— Dom. of Canada Victory Loan, $50,000: City of
Verdun, $32,000.
474
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
Artisans Canadiens Francais — Concluded.
Schedule C — Concluded.
Depart-
Par Book merit's
Bonds and debentures — Concluded. Value. Value. Value.
Villages —
Quebec —
Ahuntslc $ 60,000 00$ 67,782 00$ 67,782 00
Chambly Basin 17,000 00 10,91.") 00 17,000 00
Masson 6,185 60 5,700 57 5,700 57
Ste. Rose 75,000 00 77,925 00 75,750 00
Tetreaultville 15,. 599 84 15,063 99 15,06.3 99
Vermont, f/.S. A.— Hardwick 5,000 00 4,850 00 4,850 00
Townships, Quebec— Loranger Canton 5, 000 00 4, 800 00 4, 800 00
Schools —
Ontario— Ottawa., S.S 75,000 00 79,116 05 71,000 00
Quebec —
Amherst Park 22,000 00 20,315 24 20,900 00
Cartieri^lle 50,000 00 48,734 20 48,7.34 20
Chamblv Canton 4,000 00 3,730 00 3,960 00
Cote la Visitation 73,000 00 67,756 41 72,270 00
GrandMere 102,200 00 99,. 334 19 102,200 00
Maisonneuve 60,000 00 65,850 00 56,400 00
Pointe aux Trembles ....>.m.- 9,000 00 9,000 00 9,000 00
St. Charles Bas du Sault 10,000 00 9,513 00 9,513 00
St. Edouard 15,000 00 13,956 00 14,550 00
Sault au Recollet 60,000 00 60,000 00 61,800 00
Ste. Cecile 85,000 00 85,000 00 81,600 00
St. .Jean Berchmans 125,000 00 114,935' 50 118,750 00
Verdun .35,000 00 36,763 58 34,6.50 00
Villeray 67,000 00 67,000 00 67,000 00
Railways —
Grand Trunk Pacific Rv. (G'teed by Dom.
of Canada) 1962, 4 p.c 1,944 00 1,469 66 1,535 76
Grand Trunk Pacific Ry., 1st mtge., 1939, 4
p.c 972 00 80141 767 88
$4,048,091 51 $3,899,701 23 $3,890,254 68
Stocks —
Union Bank, Winnipeg, Man
Le Pret Hypothecaire, Quebec,
P.Q
Schedule D.
No. of Par
Shares. Value.
8 $ 800 00
18^ 1,850 00
S
Book
Value.
800 00
1,850 00
Depart-
ment's
Value.
S 1,136 00
1,8.50 00
$ 2,650 00
$
2,650 00
$ 2,986 00
Schedule E.
Cash in banks —
Hochelaga Bank, Montreal
Hochelaga Bank, Infantile branch, Montreal
Nationale Bank, Montreal
Provinciale Bank, Montreal
$ 30,325 15
6,637 95
3,880 77
3,379 13
$ 44,223 00
LIFE INSURANCE COMPANIES 475
SESSIONAL PAPER No. 8
ASSOCIATION CANADO-AMERICAINE.
Statement for the Year ending December 31, 1920.
President, Dr. A. A. E. Brien — Vice-presidents, P. E. Matrant), J. E. Lussier, Hilaire
GiROUARD — Secretary, Adolphe Robert — Actuary, Sidney H. Pipe, F.A.S., A. I. A.— Head
office, 1034 Elm St., "Manchester, N. H.— Directors, Ben. C. Lambert, W. G. Dupont, J. J.
Vigneault, Norbert Martel, Dr. J. A. AUard, Ernest Lebel, F. X. Parizeault, Willie Chretien.
(Organized or incorporated January, 1905. Commenced business in Canada, November 27, 1906.)
ASSETS IN CANADA (All Funds).
Ledger Assets.
Held solely for the protection of Canadian members.
Department's value of bonds, debentures and debenture stocks owned by the Society, on
deposit with the Receiver General, (Dom. of Canada bonds, par value, §15,000) $ 14,850 00
Other Ledger Assets.
Cash in Provincial Bank of Canada 10,475 99
Total Ledger Assets S 25,325 99
Non-Ledger Assets.
Interest accrued on —
Bonds and debentures.
Bank deposit
$
187 .50
141 23
••«
Premiums, contributions, etc., due: —
Mortuary Fund -S 4, 150 87
Sickness Fund 1 , 051 45
General Expense Fund 705 00
328 73
5,907 32
Total Non-Ledger Assets $ 6,236 05
Total Assets in Canada $ 31,562 04
LIABILITIES IN CANADA.
Mortuary Fund —
Liability under contracts in force for payments not due (Reserve). . . .
Liability for payments due under contracts, adjusted but unpaid — '
Issued before license
Premiums received in advance
Sickness Fund — ■
Liability under contracts in force for payments not due (Reserve).
Liability for payments due under contracts, adjusted but unpaid-
Issued before license
Premiums received in advance
•S 1.30,207 00
3,250 00
24 36
S
1.33,481 36
$ 50,363 00
20 00
8 00
50,391 00
General Expense Fund-
Salaries, rents and office expenses, due and accrued $ 25 00
Other items due and accrued: legal fees, $47.50; commissions, $200 247 50
Received in advance of due date: per capita tax, 4 10
276 60
Total LiabUities in Canada S 184,148 96
476 DEPARTMENT OF IXSVRAXCE
11 GEORGE V, A. 1921
Association Canado-Am^ricaine — Continued.
INCOME IN CANADA.
Mortuarj' Fund —
Premiums S 48,043 29
Interest, dividends and rents 806 79
$ 48,850 08
Sickness Fund —
Premiums S 13,261 75
Interest, dividends and rents 22 44
13,284 19
General Expense Fund —
From members:
Percapitatax $ 8,303 14
Interest 5 15
8,308 29
Total Income in Canada $ 70,442 56
DISBURSEMENTS IN CANADA.
Mortuarj' Fund —
Death claims $ 29,450 00
Disability claims 366 0.0
$ 29,816 00
Sickness Fund —
Sickness claims 11, 033 88
Total disbursements in respect of membership certificates $ 40, 849 88
General Expense Fund —
Head office expenses: — Salaries, S180.; directors' fees, §258.; travelling
expenses, $367.02; rents, $120.; miscellaneous, $14.15 $ 939 17
Agency and organization expenses: — Commissions, 3,946 00
All other expenses: — Books and periodicals, $17.50; postage, $25.10; Su-
preme Lodge meeting, $1,781.87; miscellaneous, $759.55 2,584 02
7,469 19
Total Disbursements in Canada $ 48,319 07
EXHIBIT OF ANNUITIES.
Classification.
Arising out of Life
Assurance Contracts
Disability
Annuities.
No.
Annual
Payment.
At end of 1919
15
2
$
750
Transferred
100
Totals
17
850
Less ceased by: —
Surrender
1
• 50
At end of 1920
16
800
LIFE INSURANCE COMPANIES
SESSIONAL PAPER No. 8
Association Canado-Americaine — Continued.
EXHIBIT OF CERTIFICATES (Since date of license).
477
Classification.
Whole Life.
Endowment
Assurances.
Totals.
No.
Amount.
No.
Amount.
No.
Amount.
New issued
1,071
$
675,450
77
2
.1
53,750
500
1,148
2
S
729,200
500
Transferred to
Totals
1,071
675.450
79
54,250
1,150
729,700
Less ceased by: —
Death
2
190
2
3,500
109,200
1,000
2
202
2
3,500
Lapse
Transferred from
12
8,500
117,700
1,000
Total ceased
194
113,700
12
8,500
206
122,200
At end of 1920
877
561,750
67
45,750
944
607,500
EXHIBIT OF CERTIFICATES (Prior to date of license).
Classification.
Whole Life.
Endowment
Assurances.
Totals.
No.
Amount.
No.
Amount.
No.
Amount.
At end of 1919
3,657
23
73
$
2,541,250
20,250
52,600
75
$
51,500
3,732
23
75
1
2,592,750
Old revived
20 250
Transferred to
2
750
.53,350
Totals
3,753
2,614,100
77
52,250
3,830
2,666,350
Less ceased by:—
Death
41
155
19
25,950
92,750
13,750
41
174
20
25,950
105,500
14,750
19
1
12,750
1,000
Transferred from
Total ceased
215
132,450
20
13,750
235
146 200
At end of 1920
3,538
2,481,650
57
38,500
3,595
2,520,150
EXHIBIT OF SICKNESS CERTIFICATES.
In force December 31, 1919
New issued during 1920
Revived during 1920, 12; plus transferred, 49.
Total
Terminated during 1920 by: —
Death
Lapse
Total terminated.
In force December 31 , 1920
2,315
650
61
3,026
18
235
253
2,773
BENEFITS GRANTED UNDER SICKNESS CERTIFICATES.
A weekly benefit of the sum of $5.00 is paid for a period not to exceed fifteen weeks, or $75, in any one
year. No member can draw, during his membership, more than $400, as a sick benefit . A member of
advanced age, or one physically disabled (the medical director of the Association being the judge as to
the member's condition) is allowed to draw $5.00 a week for ten weeks in any one year, up to the sum
of $400 unless he is paying double premiums, when he may draw, $10.00 a week for fifteen weeks a year,
but not to exceed $600.
MISCELLANEOUS STATEMENT,
I. The society carries on business in Canada and in the following states of the United States: — New
Hampshire, Rhode Island, Maine, Michigan, Illinois, Connecticut.
II. A member holding a death benefit certificate, whose policy has lapsed through a failure to pay
premiums as due, may, within ninety days from the date of his last mortuary premium payment, pay
to the Association the amount for which he is in arrears and be reinstated to good standing. During this
ninety day period of suspension the insurance is carried upon the books and the reserve liability against.
478
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
Association Cakado-Am^ricaine — Continued.
such policies is computed and carried into the regular reserve as reported. Aft«r a period of ninety
days, he must pass a satisfactory medical examination and be declared in good health, and pay all
back premiums.
A member holding a Sick and Accident certificate, whose policy has lapsed through failure to
pay premiums as due, may within ninety days from the date of his last sick and accident premium
payment, pay to the Association the amount for which he is in arrears and be reinstated to good stand-
ing. After a period of ninety days, he must pass a satisfactory medical examination and be declared in
good health and pay all back premiums.
IIT. Any members of this Association having reached the age of 70 years, and having been a member
in good standing for a period of 20 years, can discontinue his regular premium payments, in which event
he has a right to draw sick benefits not to exceed the sum of S400. (or S600 under double benefit contracts).
Any member having reached the age of 70, can discontinue his regular premiums to the Mortuary Fund,
and in event of his death, after having done so, the face of his certificate will be paid to his beneficiaries,
less the unpaid premiums, with four per cent interest, from the date of his discontinuing payment to the
date of his death. Under readjustment, now being completed, inadequate rate members are brought
up to rate at attained age, and their interest in the reserve is used to reduce their rate, by applying each
one's share as an annuity for the term of the contract. If a member elects not to continue, he is granted
his share of reserve, which would apply as an annuity in reduction of rate, in the form of paid up insurance.
All members entitled to this benefit are treated as if they were to continue their insurance, and therefore,
their share of reserve is included in the reserve reported, the valuation having been so made.
IV. No class or classes of members are entitled to share in any distribution of the surplus funds of the
Association or to benefit by the omission of non-collection of premiums.
Gexer.^l BrsixESS St.\tement for the Year ending December 31, 1920.
Mortuary
Funds.
Reserve
Funds.
Sick and
Accident
Funds.
War
Funds.
Expense
Funds.
Totals.
Balance from previous year.. .
S cts.
9,073 56
S cts.
483,647 76
S cts.
12,414 05
S cts.
20 50
S cts.
2,177 45
S cts.
507,333 32
Income.
Net amount received from
195,760 24
. 298 74
35,208 40
354 76
1 00
28.321 15
481 73
2,705 66
259,290 79
Gross interest, dividends and
23,775 32
150 00
1,675 66
24,910 55
2,855 66
Gross increase by adjustment
in book value of ledger
70 03
1,745 69
cisse to
Total income
196,058 98
25,600 98
35,633 19
1 00
31,508 54
288,802 69
Disbursements.
122,679 71
26,060 30
148,740 01
Commissions, fees, salaries
and other compensation of
31,418 86
1,727 39
910 00
1,811 39
60 00
14,988 25
31,418 86
Travelling and other expenses
Insurance Department and
1,727 39
910 00
Rent
1,811 39
60 00
81 25
586 81
5 37
15,069 50
Gross loss on sale or maturity
586 81
Gross decrease by adjustment
in book value of ledger
5 37
Total disbursements..
122,679 71
673 43
26.060 30
50,915 89
200,329 33
Balance before transfers
82,452 83
508,575 31
74,907 78
21,986 94
21 50
-17,229 90
23,755 45
595,806 68
98,663 23
82,452 83
74,907 78
583,483 09
16,145 45
21,986 94
7,588 50
21 50
21 50
6,525 55
694,469 91
98,663 23
Balance
7,545 05
567,337 64
14,398 44
6,525 55
595,806 68
LIFE INSURANCE COMPANIES 479
SESSIONAL PAPER No. 8
Association Canado-Ameeicaine — Continued.
LEDGER ASSETS.
Book value of bonds and stocks *. . .$ 570, 197 96
Cash on hand, in trust companies, and in banks 25, 608 72
Total ledger assets $ 595,806 68
NON-LEDGER ASSETS.
Total interest and rents, due and accrued •. 12, .349 05
Assessments actually collected but not yet turned over to Supreme Lodge 21 , 352 85
All other assets 9, 110 00
Gross assets $ 638,618 58
Deduct assets not admitted 42, 514 77
Total admitted assets $ 596, 103 81
LIABILITIES.
Liability under contracts in force for payments not due (Reserve) —
Mortuary Fund $ 673,441 00
Sickness Fund 211,463 00
Total death claims ; 13,050 00
Total sick and accident claims ,,..,.,..,., 202 83
Salaries, rents, expenses, commissions, etc., due or accrued ..,.,. .....,.,..., , 276 56
All other liabilities 1 , 633 51
$ 900,056 90
EXHIBIT OF CERTIFICATES.
Number Amount.
In force at beginning of year 14,631 $10,782, 150
Written 2,331 1,482, 150
Revived 25 22 , 250
Increased 27,700
Totals 16,987 $ 12,314,250
Terminated by —
Death 153 .$ 120,050
Lapse 1, 160 674,400
Decrease 5 , 000
Total terminated 1,313 $ 799,450
In force at end of year 15,674 $ 11,514,800
SUMMARY OF THE REPORT OF THE ACTUARY'
made in accordance with section 112 of the Insurance Act (1919 amendment affecting Friendly
Societies).
The report was made by Mr. Sidney H. Pipe, of Toronto, Fellow of the Actuarial Society of America
and Associate of the Institute of Actuaries of Great Britain.
Membership is restricted to French-Canadians and French-Americans who are Roman Catholics.
An increase in rates of members admitted prior to 1st. January, 1904, affecting 70% of the whole mem-
bership, became effective as at 1st. January, 1921, and these increased rates were used in the valuation.
In lieu of the increase in rates an equivalent lien at 4% was available to members.
Judging from the mortality which has been experienced in the past and making allowance for the
adverse mortality which may be experienced consequent on the readjustment effective 1st. January, 1921,
the Hm Table, Text Book Graduation, seems safe and suitable for valuation.
The rate of interest earned during 1920 was 5-52%.
In determining upon a suitable rate for valuation purposes weight was given to the following circum-
stances:—
(1) New investments can be made at rates in excess of that being earned, (2) no surrender values are
granted, (3) it was decided not to use the lapse factor, and (4) to exclude negative reserves. Therefore
it was deemed safe and proper to use a rate of interest approximately equal to that being earned. Accord-
ingly Hm 5-5% was used for the whole life business, the factors being approximately determined from the
5% and 6% values. For the other plans N. F. C. 4% was used. Whole life policies were valued at ages
attained. For business issued on and after January 1st, 1914, age attained was taken as age nearest birth-
day at entry plus n-f|, where n is the curtate duration as at 31st December, 1920. For business issued
prior to 1st. January, 1914, age attained was taken as age nearest birthday 31st December, 1920.
Special provision is made for expenses apart from the benefit premiums valued.
480
DEPARTMENT OF IS SU RANGE
11 GEORGE V, A. 1921
Association CANADO-AMfiRiCAiNE — Continued.
Mortuary Department.
V.M.UATION Summary — (Whole business).
Description of
Certificates.
Number
of Cert-
ificates.
Amount
Assured.
Premiums
Payable
and Valued.
Value
of Sum
Assured.
Value
of
Premiums.
Reserve.
Whole Life (re-rated)
Whole Life
9,586
5,187
47
794
60
$
7,780,850
3,190,6.50
35, .500
4J57,4.50
40,350
S cts.
206,785 19
65,. 5.52 64
659 28
18,145 58
758 16
S
2,8.36,315
733,495
8,582
2.36,097
12,622
1
2, 247, 287
660,929
8,109
224,966
12,379
$
589,028
72,. 566
20 Pay Life
473
20 Year EndowTnent
11,131
243
Total
15,674
11,514,800
291,900 85
3,827,111
3,153,670
673,441
Valuation Balance Sheet — Mortuary Fund. Bases Hm 5|% and N. F. C. 4%.
551,716 61
Assets.
Funds applicable to benefits I
Present value of future contributions
applicable to benefits 3, 153, 670 00
Deficiency 136,684 46
Liabilities.
Present value of benefits $ 3,827, 111 0 (
Other liabilities.
14,960 07
Total S 3,842,071 07
Total S 3,842,071 07
Degree of Solvency 96-4%.
Valuation Summary — (Whole Canadian Business.)
Description of
Certificates.
Number
of Cert-
ificates.
Amount
Assured.
Premiums
Valued.
Value
of Amount
Assured.
Value
of
Premiums.
N.F.C.
4%
Reserve.
Whole Life (re-rated)
Whole Life
2,368
2,005
22
100
24
1,713,850
1,290,7.50
18,000
68,. 500
15,750
S cts.
30,687 74
18,670 82
339 24
2,625 36
301 68
$
647,942
205,456
2,830
15,101
3,048
539,014
188,829
2,606
13,895
2,995
$
108,928
19,084
20 Pay Life
267
20 year Endowment
Endowment at 70
1,837
91
Total
4,519
3,106,850
58,624 84
874,377
. 747,339
130,207
Valuation Summary.
(Business issued in Canada since date of License.)
Description of Certificates.
Number
of Cert-
ificates.
Amount
Assured.
N.F.C.
4%
Reserve.
Whole Life
867
10
59
8
S
554,750
7,000
39,250
6,500
$
2.457
20 Pay Life
43
20 year Endowment
631
38
Total
944
607,500
3,169
LIFE INSVRAIs^CE COMPANIES 481
SESSIONAL PAPER No. 8
Association Can.u)o-Americaine — Concluded.
Sickness Department.
The sickness benefits (single) are as follows: (1) In event of sickness or accident, $5.00 per week for
not more than fifteen weeks in any twelve months; (2) In event of total and permanent invalidity by
reason cf accident or sickness, $5.00 per week for not more than ten weeks in any twelve months; (3)
After age 65, if a member becomes inca. able of work by reasTn of old age, $2.50 per week for not more
than ten weeks in any twelve months. (This benefit has since the close of 1920, been increased to $5.00
per week). Dating from January 1, 1914, the aggregate benefit under all three heads above noted which
can be paid to any member is $400 (for double benefits,
The monthly rates (non-hazardous class) for single benefits are: ages 16-24, .35c; 25-34, 40c; 35-40,
45c; 41-50, 50c. 5 per cent of these rates may be used for expenses whenever the fund reaches $3,000,
and, in the valuation, was assumed to be always deducted. (Abrogated since date of valuation).
The sickness experience cf the Association was not available for valuation except as indicating a
tentative adaptation ff the Manchester Unity (1893-97) experience, which was combined with N.t'.C.
mortality and 5% interest.
Valuation Summary.
Present value cf future benefits (7160 members) $ 678,491
" " " net contributions $ 472,589
Less negative values 5,561
467,028
Reserve Liability $ 211,463
Valuation Balance Sheet.
Assets. Liabilities.
Funds applicable to benefits $ 13,663 11 Present value of benefits $678,491 CO
Present value of future contributions Other liabilities - 202 83
a->plicable to benefits 437,028 00
Deficiency 198,002 72
Total $ 678,693 83 Total $ 678,693 83
The Actuary certifies that according to the information available the reserve shown by the above
valuation together with the nremiums to be received from members according to the scale in force at
the date of valuation are sufficient to provide for the payment at maturity of all the obligations of the
Sick Benefit Fund without deduction or abatement assuming no increase to be made in the scale of
benefits.
The mid-year net level premium reserve on business issued in Canada since date cf license, as at
December 31, 1920, was $425,27. In respect of the whole Canadian business, the value of benefits was
found to be $239,393.00, the value of future contributions therefor, $189,030.00, and the required reserve,
$50,363.00.
Note by Department: — The Society first obtained a Dominion License June 23, 1920, and by virtue
of the provisions of the Insurance Act maintains a deposit with the Receiver General of Canada in respect
of rnembers admitted since that date equal to the N.F.C. 4% net level premium reserve in respect of
certificates in force issued since date of license. The deposit must not, however, in any case be less than
$10,000. The amount of deposit as at December 31, 1920, was $15,000.
8—31*
482
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
THE GRAND COUNCIL OF THE CATHOLIC MUTUAL BENEFIT ASSOCIATION
OF CANADA.
Statement for the Year ending December 31, 1920.
President, F. J. Curran, K.C. — Vice-president, W. J. Sutherland — Secretary and Manager,
J. E. H. HowisoN — Treasurer, W. McKee — Head Office, Montreal — Trustees, Geo.
S. Cuvillier, H. E. R. Stock, W. E. Farrell — Consulting Actuary, Dr. F. Sanderson.
(Organized February 10, 1880; incorporated in Ontario, .January 18, 1890; registered in Ontario, August
22, 1892; incorporated by an Act of Parliament of the Dominion of Canada, 55 Vict.: cap. 90,
assented to April 1, 1893; amended by chapter 77 of the statutes of 1905, assented to May 16, 1905 and
bv chapter 1.36 of the statutes of 1914, assented to June 12, 1914. Registered in the Dominion,
December 27, 1894.)
SUMMARY BALANCE SHEET BY FUNDS.
Mortuary
Fund.
Sickness
Fund.
General
Expense
Fund.
Totals.
Ledger assets
Less excess of total book value of ledger assets over
total Department's value
$ cts.
827,874 77
8,459 57
Total ledger assets taken at Department's value.
Non-ledger assets —
Interest due and accrued
Assessments due and accrued
Per capita tax, dues and fees due
Supplies and office furniture
819,415 20
23,896 83
30, 177 87
Total assets.
Liabilities...
Surplus.
873,489 90
782,877 75
90,612 15
S cts.
12,944 94
369 46
$ cts.
1,654 6J
$ cts.
842,474 39
8,829 03
12,575 48
86 86
1,765 86
1,654 68
6,307 40
3,492 85
833,645 36
23,983 69
31,943 73
6,307 40
3,492 85
14,428 20
4,706 00
11.454 93
899,373 03
787,583 75
9,722 20
11,454 93
111,789 28
SYNOPSIS OF LEDGER ACCOUNTS BY FUNDS.
Mortuary
Fund.
Sickness
Fund.
General
Expense
Fund.
Totals.
As at Decembers!, 1919:—
Net and total ledger assets
$ cts.
736,633 31
$ cts.
13,535 94
S cts.
565 69
$ cts.
750,734 94
Increase in ledger assets in 1920: —
Income
287,790 00
1,084 11
6,442 40
7 47
24,630 19
318.862 59
Amount by which ledger assets were written up. .
1.091 58
Total increase
288,874 11
6,449 87
24,630 19
319,954 17
Decrease in ledger assets in 1920: —
Disbursements
196,951 53
681 12
7,040 87
23,541 20
227,533 60
Amount by which ledger assets were written down
681 12
To*tal decrease
197,632 65
7,040 87
23,541 20
228,214 72
As at December 31, 1920:—
Net and total ledger assets
827,874 77
12,944 94
1,654 68
842,474 39
LIFE INSURANCE COMPANIES 483
SESSIONAL PAPER No. 8
Catholic Mutual Benefit Association — Continued.
ASSETS (All Funds).
Ledger Assets.
Mortgage loans on real estate, first liens $ 94, .500 00
Amount secured by the Society's policies in force, the reserve on each policy
being in excess of all indebtedness: —
Deferred assessments $ 77, 586 46
Liens 4, 437 94
82,024 40
Book value of bonds, debentures and debenture stocks o\\Tied by the Society {For details
see Schedule C) 620,371 75
Cash: At Head Office, $500; with grand trustee, $100; in banks, $44,978.24; {For details see
Schedule E) 45,578 24
Total Ledger Assets ♦$ 842,474 39
Deduct excess of total book value of real estate, bonds, debentures and stocks over total
Department's value 8,829 03
Total ledger assets taken at Department'.s value $ 833, 645 36
Non-Ledger Assets.
Interest or dividends accrued on —
Mortgages $ 1 , 006 34
Bonds and debentures 12,311 94
Premium notes, policy loans and liens 10, 665 41
23,983 69
Premiums, contributions, etc., due: —
Mortuary Fund — Assessments due and uncollected $ 30, 177 87
Sickness Fund ; 1 , 765 86
General Expense Fund— Per capita tax, dues and fees due 6, 307 40
38,251 13
All other assets:— Supplies, ?1 ,431.52; office furniture, $2,061.33 3,492 85
Total Non-Ledger Assets $ 65,727 67
Total Assets $ 899,373 03
LIABILITIES.
Mortuary Fund-
Liability under contracts in force for payments not due (Reserve) $ 755, 300 00
Liability for payments due under contracts: —
Adjusted but unpaid 27, 577 75
$ 782,877 75
Sickness Fund —
Liability under contracts in force for payments not due (Reserve) 4, 706 00
Total LiabUities $ 787,583 75
INCOME.
tuary F und —
Premiums $ 251, 379 27
Interest, dividends and rents 36,410 73
— S 287,790 00
Sickness Fund —
Premiums... $ 6,171 40
Interest, dividends and rents 271 00
General Expense Fund —
From members:
Per capita dues $ 20, 297 16
Proportion of first year's premiums 4,243 76
6,442 40
24,. 540 92
From other sources —
Bank interest 68 02
Advertisements 21 25
24,630 19
Total Income $ 318,862 59
8— 3U*
484
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
Catholic Mutual Benefit Association — Continued.
DISBURSEMENTS.
Mortuary Fund —
Death claims $ 196,67.5 17
Exchange and cost of collection 59 .59
Decrease in liens 216 77
$ 190,951 53
Sickness Fund —
Sickness claims S 5,918 87
Expense of operation 1 , 122 00
7,040 87
Total disbursements in respect of membership certificates S 20.3, 992 40
General Expense Fund —
Head office expenses: — Salaries, S5,6.39.78; Grand Council officers, Hon.
and fftlaries, ?4,899.96: auditors' fees, S411.; actuaries' fees and ex-
penses, 8350.; Grand Council officers' expenses, SI ,51 1.74; Light, fuel,
water and rents, §1,129.19; trustee meetings, S759.73; printing and
supplies, $4.50.12 $ 15, 151 52
Agency and organization expenses: — Bonuses, S242.; organizers' salaries,
81,560.; organizers' expenses, S177..30; expenses of Montreal office,
SI, 589. 98; printing and supplies branches, S6.50.15 4,219 43
All other expenses: — Advertising, S132.26; express, teleerrams and tele-
phones, S124.46; taxes, licenses, fines and fees, $769. .33; medical fees,
S126.73; guaranty bonds, S2.57.26; postage, S.560.06; commissions and
exchange, S6.13; official publication, $1,561.97; miscellaneous, $632.05. 4,170 25
23,541 20
Total Disbursements $ 227, 533 60
EXHIBIT OF CERTIFICATES.
Classification.
Whole Life.
No.
Amount.
At end of 1919 . .
9,174
179
27
S cts.
8 302,825 76
New issued
139,250 00
Old revived
29,500 00
Totals
9,380
8,471,575 76
Less ceased by: —
Death
210
1,048
186,591 64
Lapse
914,555 96
Decrease
2,101 00
Adjustment
1
Total ceased
1,259
1,103,248 60
At end of 1920
8.121
7,368,327 16
EXHIBIT OF SICKNESS CERTIFICATES.
n force December 31, 1919 1,647
New issued during 1920 83
Revived during 1920 5
Total 1 , 735
Terminated during 1920 by —
Death
Resignations
Expulsions
Total terminated 624
In force December 31, 1920 1,111
12
242
370
LIFE INSURANCE COMPANIES
485
SESSIONAL PAPER No. 8
Catholic Mutual Benefit Association — Continued.
SUMMARY OF THE REPORT OF THE ACTUARY.
The Report was made by Dr. Frank Sanderson, Fellow of the Actuarial Society of America,
and Fellow of the Faculty of Actuaries in Scotland.
The rate of interest earned during the year on the mean net ledger assets was 4-72%.
The valuation bases used were as follows: — As respects the Mortuarj' Department: — Whole Life
policies with continuous premiums and paid-up policies were valued at ages attained, sums assured and
premiums separately, on the N.F.C. 4% bases, using continuous factors, Ax and ax. The age attained
was advanced to make provision for the possible continuance of extra mortality. Limited payment
policies provide for a proportionate paid-up policy in the event of discontinuance of premium payment
after five years and were valued on the N.F.C. 4% bases. Term policies were also valued on the N.F.C.
4% bases. Negative values were excluded, and it is believed the liens included in the assets are in
every case less than the reserve maintained. No special reserve has been made for the reinstatement of
lapsed policies, except that the additional extra mortality reserve made is deemed adequate to cover all
contingencies not directly provided for in the valuation.
As respects the Sickness Department: — The valuation was made at ages attained, benefits and pre*
miums separately, on the bases of the Manchester Unity Experience, as to sickness, combined with N.F.C.
mortality and interest at 3^%.
The age attained for valuation purposes was the office age plus one-half year.
The whole of the provision for expenses was reserved in the valuation.
Valuation Summary.
(o) Mortuary Department.
Description of Certificates.
Sum
Assured.
Monthly
Premiums.
Present value of
Sum
Assured.
Premiums.
Net
Reserve.
Whole Life:—
Issued prior to Nov. 1, 1907
Issued since Nov. 1, 1907...
Paid-up policies
Term to age 65
Term to age 70
20 Payment Life
30 Payment Life
Totals
4,066,790
2,588,330
217,249
133,578
314,880
45,500
2,000
7,368,32;
$ cts.
15,515 42
3,577 01
229 85
712 45
80 37
2 56
2,219,658
910,582
179,063
25,084
82,126
11,915
474
,888,446
680,112
20,584
72,876
11,132
452
20,117,66
3,428,902
2,673,602
$
331,212
230,470
179,063
4,500
9,250
783
22
755,300
(6) Sickness Department.
Number of members, 1,111; Annual premiums, $8,223.80; Present value of benefits and special reserve,
$140,175.00; Present value of premiums (less 5% expense provision), $135,469.00; Net reserve, $4,706.00.
V.^luation Balance Sheet, December 31, 1920.
(a) Mortuary Departm.ent.
Assets, Liabilities.
Funds applicable to benefits $ 873,490 00 Present value of benefits $ 3,428,902 00
Present value of future premiums 2,673,602 00 Outstanding claims 27,578 00
Surplus 90, 612 00
Totals $ 3,547,092 00
Degree of Solvency, 102-6%.
Totals $ 3,547,092 00
Assess.
Funds applicable to benefits
Present value of future premiums.
(b) Sickness Department.
Liabilities.
$ 14,428 00 Present value of benefits $ 136,175 00
135,469 00 Special reserve 4.000 00
Surplus 9,722 00
Total $ 149,897 00
Total $ 149,897 00
The Actuary certifies, in respect of each fund, that in his opinion the assets applicable to benefits,
together with the future contributions of members according to the scale in force at date of valuation,
are sufficient to provide for the payment at maturity of all obligations of the fund without deduction or
abatement.
486
DEPARTMENT OF INSURANCE
11 GEORGE V, A. ^921
Catholic Mutual Benefit Association — Concluded.
Schedule C.
Bonds and debentures —
Held for Beneficiary Fund — Par Book Depart-
Value. Value. ment's
Gorernments — Value.
Canada— Victory Loan S 105,000 00 S 103,497 50 S 105,000 00
Canada— War Loan 45,000 00 43,626 04 43,910.52
Nova Scotia— Debentures 50, 000 00 48, 980 23 45, 000 00
British War Loan 5,000 00 4,985 68 4,985 68
Cities —
St.John, N.B 14,000 00 11,092 79 12,040 00
Sydney, N.S 29,000 00 22,084 14 24,. 580 00
Kingston, Ont 29,. 300 00 29,300 00 27,835 00
"Windsor, Ont 19,8.37 11 18,599 05 19,046 79
Lachine, Que 25,000 00 23,816 74 23,816 74
Towns —
Waterloo, Ont 15,898 20 16,069 72 15,16114
Sandwich, Ont 13,097 68 13,049 32 13,097 68
Maisonneuve, Que 13,219 99 11,652 70 11,987 25
Townships. Districts cr Municipalities —
East Kildonan, Man 25,000 00 23,286 70 23,286 70
Barton, Ont 32,368 63 31,444 18 30,426 51
Grantham, Ont 10,000 00 10,677 98 10,600 00
Mersea, Ont 8,979 03 9,144 93 9,144 93
North Grimsby, Ont 8,38191 8,436 95 8,046 63
Scarboro, Ont 7,710 85 7,710 85 7,016 87
Stamford, Ont 14,51100 15,147 93 14,224 38
York, Ont 20,000 00 19,133 56 19,133 56
Three other townships, Ont., par value for
each under $3 ,800 7,603 28 7,642 92 7,47132
Bruce, Ont 10,140 86 10,297 17 9,836 63
Halton, Ont 45,816 18 45,514 29 45,245 52
Hastings, Ont 12,392 75 12,699 90 12,268 82
Perth, Ont 4,588 45 4,652 87 4,588 45
Railways —
Ontario West Shore Electric Ry., 1st. mtge,
(g'teed. by Ashfield), 1938, 5 p.c 20,000 00 20,893 80 18,800 00
Ontario West Shore Electric Ry.. 1st. mtge,
(g'teed. by Huron), 1938, 5 p.c 15,000 00 15,672 75 14,100 00
Miscellaneous —
Essex Border Utilities Commission, 1937 to
1942, 6 p.c 20,000 00 18,819 72 18,819 72
$ 626,845 92 $ 607,930 41 $ 599,470 84
Held for Sick Benefit Fund. (On deposit with Receiver General).
Dom. of Canada War Loan $ 5,000 00 $ 4,820 24 S 4,820 24
Township of East Nissouri, Ont 7,714 51 7,62110 7,25164
$ 12,714 51 $ 12,441 34 $ 12,071 88
$ 639,560 43 $ 620,371 75 $ 611,542 72
Cash — ScHEorLE E.
Beneficiary Fund —
La Banque Hochelaga, Montreal, Que
Standard Bank, Montreal, Que
Dominion Bank, Windsor, Ont
Remittances in transit from Head Office to Dominion Bank, W'indsor, Ont. . .
General Fund —
Dominion Bank, W'indsor, Ont $
Remittances in transit from Head Office to Dominion Bank, Windsor, Ont. .
Cash at Head Office
Cash with Grand Trustee
Sick Benefit Fund —
Dominion Bank, Windsor, Ont $
Standard Bank, Montreal, Que
Remittances in transit from Head Office to Dominion Bank, Windsor, Ont. . .
.%
11,057 34
10,569 02
18,247 18
3,546 42
$
43.419 96
■%
736 71
317 97
500 GO
100 00
$
1,654 68
.$
311 40
125 95
66 25
$
503 60
s
45,578 24
LIFE INSURANCE COMPANIES 487
SESSIONAL PAPER No. 8
CATHOLIC ORDER OF FORESTERS.
Statement for the Year ending December 31, 1920.
High Chief Ranger, Thos. H. Cannon — Vice-High Chief Ranger, Simeon Viger — High Secre-
tary, Thos. F. McDonald — Canadian Agent, M. F. Mogan, Toronto, Ont.— Head Office,
Chicago, IIHnois.
ASSETS IN CANADA (All Funds).
Ledger Assets.
Held solely for the protection of Canadian members.
Market value of bonds, debentures and debenture stocks owned by the Society on deposit
with the Receiver General, (Prov. of Alberta debentures, par value, $10,500) $ 9,970 00
Non-Ledger Assets.
Interest accrued on bonds and debentures $ 41 6^
Premiums, contributions, etc., due: —
Mortuary Fund $ 6,417 52
General Expense Fund 330 43
— . 6,747 95
Total Non-Ledger Assets $ 6,789,62
Total Assets in Canada $ 16,759 62
LIABILITIES IN CANADA.
Mortuary Fund-
Liability under contracts in force for payments not due (Reserve) $ 6,447,873 58
Liability for payments due under contracts —
Issued Issued
before after
license. license.
Adjusted but unpaid $ 100 00 $
Unadjusted 3,000 00 73,000 00
Resisted 1,00(J 00
Totals .• $ 4,100 00 $ 73,000 00
77, 100 GO
To'.al Liabilities in Canada $ 6,524,973 58
INCOME IN CANADA.
Mortuary Fund —
Premiums % 441,618 49
General Expense Fund —
From members 29, 137 75
Total Income in Canada $ 470, 756 24
DISBURSEMENTS IN CANADA.
Mortuary Fund —
Death claims $ 416, 926 80
General Expense Fund —
Head office expenses: — Directors' fees, $970.; travelling expenses, $1,983.93.$ 2,953 93
Agency and organization expenses: — Commissions, 3, 530 00
All other expenses:— Legal fees, $461.56; official publication, $2,510.00; 2,971 56
9,455 49
Total Disbursements in Canada $ 426,382 29
488
DEPARTMENT OF IXSURANCE
11 GEORGE V, A. 1921
Catholic Order of Foresters — Continued.
EXHIBIT OF CERTIFICATES.
Whole Life.
Classification.
Since date of
license.
Prior to date of
license.
No.
Amount.
No.
Amount.
At end of 1919
$
28,692
S
28,692 250
2,068
1,937,500
13,500
6,000
Transferred to
8
Totals
2,076
1,957,000
28,692
28,692,250
Less ceased by: —
Death
1
555
1,000
507, 000
398
103
409,500
Lapse
101,000
556
508,000
501
510,500
At end of 1920
1,520
1,449,000
28, 191
28,181,750
MISCELLANEOUS STATEMENT.
I. The Society carries on business in Canada and in the following states of the L'nited States: —
California, Illinois, Louisiana, Oklahama, Texas, Indiana, Iowa, Kentucky, Maine, Massachusetts,
Michigan, Minnesota, Missouri, Kansas, Montana, Nebraska, New Hamsphire, North Dakota, Ohio,
Oregon, Pennsylvania, Rhode Island, South Dakota, Vermont, New York, AVashington, Idaho, Wisconsin,
Wyoming.
II. Suspended members may become reinstated within three months following suspension upon filing
application for reinstatement with certificate of good health and payment of arrearages. If application
be made within thirty days certificate of physician is waived if applicant declares he is in good health
and makes proper payment of arrearages.
III. Benefits cease on discontinuance of payments.
Geni:r.\l Business Statement for the Year ending December 31, 1920.
Mortuary
Funds.
Expense
Funds.
Totals.
Balance previous from year.
Income.
Net amount received from members
Gross interest, dividends and rents
From all other sources
Borrowed money
Gross profit on sale or maturity of ledger assets
Gross increase by adjustment in book value of ledger assets.
Total income.
Disbursements.
Total benefits paid
Commissions, fees, salaries and other compensation of
officials and employees
Travelling and other expenses
Insurance Department fees
Rent.
Legal expenses
AJl other disbursements
Borrowed money repaid
Interest on borrowed money
Gross decrease by adjustment in book value of ledger assets.
S cts.
8,425,836 74
S cts.
40,437 26
$ cts.
8,466,274 00
2,304,253 43
422,946 83
10,000 00
361,938 54
12 54
13,906 04
3,113,057 38
1,810,588 10
9, 150 00
361,938 54
4,856 57
6,169 61
Total disbursements.
2,192,702 82
Balance.
9,346,191 30
164,563 18
16, 187 02
2,468,816 61
422,946 83
26, 187 02
361,938 54
12 54
13,906 04
180,750 20
3,293,807 58
101,558 43
7,344 48
1,591 31
9,040 59
5,889 72
62,340 08
1,810,588 10
101,558 43
7,. 344 48
1,591 31
9,040 59
5,889 72
71,490 08
361,938 54
4,856 57
6,169 61
187,764 61
2,380,467 43
33,422 85
9,379,614 15
LIFE INSURANCE COMPANIES 489
SESSIONAL PAPER No. 8
Catholic Order of Foresters — Continued.
LEDGER ASSETS.
Book value of bonds and stocks $ 9,325, 190 38
Cash on hand, in trust companies and in banks 54, 423 77
Total ledger assets S 9, 379, 614 15
NON-LEDGER ASSETS.
Total interest and rents due and accrued 152, 139 71
Assessments actually collected but not yet turned over to Supreme Lodge 19,481 40
All other assets 9, 713 14
Gross assets S 9, 560, 948 40
Deduct assets not admitted 565, 681 79
Total admitted assets $ 8,995,266 61
LIABILITIES.
Liability under contracts in force for payments not due (Reserves) $ 29, 203, 201 00
Total death claims 230, 151 19
Salaries, rents, expenses, commissions, etc., due or accrued 5,535 42
Total liabilities $29,438,887 61
EXHIBIT OF CERTIFICATES.
Number Amount.
In force at beginning of year 155, 467 $155, 097, 000
Written 11,043 10,5.38,500
Increased 105, 500
Totals 166, 510 $165, 741, 000
Terminated by:—
Death 1,724 $ 1,778,000
Lapse 3, 778 3,419, 750
Decrease 9, 000
Total terrninated 5,502 $ 5,206,750
In force at end of year 161, 008 $160, 534, 250
SUMMARY OF THE REPORT OF THE ACTUARY
made in accordance with the requirements of Section 112 of the Insurance Act, 1917 (1919 Amend-
ment affecting Friendly Societies).
The Report was made by Mr. Mervyn Davis, of New York City, Fellow of the Actuarial Society
of America, and Associate of the Institute of Actuaries of Great Britain.
Mortuary Fund.
The rates paid by members up to January 1, 1913, were insufficient to provide the benefits granted.
On the said date N.F.C. 4% rates became effective for new members, but were applied to existing mem-
bers as at original age at entry. The funds in respect of these two sections of the membership have been
separated and are being kept separate. By reason of the low rates paid by members before January 1,
1913, the fund accumulated to their credit shows a large deficiency. This will be referred to more parti-
cularly hereinafter.
The mortality experienced since 1913, in comparison with the N.F.C. Table was favourable in respect
of the members admitted since that date, notwithstanding the heavy influenza claims; but in respect of
earlier entrants it has been unfavourable, being 15% in excess over the whole period.
The interest earned during 1920 on the mean ledger assets was 5-10%.
As above stated, the rates being paid by members admitted since January 1, 1913, are N.F.C. 4%,
and in view of the mortality experienced by these members and the rate of interest earned, the said bases
are deemed safe and appropriate for valuation.
In respect of the members admitted prior to January 1, 1913, the funds being known to be deficient,
it was not thought worth while to attempt to determine accurately the amount of the deficiency on
appropriate bases, especially as a scheme for placing this section of the business on a sound footing is being
prepared. And therefore, for present purposes, this section of the business was also valued on the N.F.C.
4% bases.
No benefits are allowed in event of discontinuance of premium payments.
As the premiums valued are the net premiums according to the bases used in valuing the benefits,
no negative reserves were disclosed in the valuation. Provision was made for payment of claims imme-
diately on maturity and for payment of premiums monthly.
490 DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
Catholic Order of Foresters — Concluded.
Valuation Summary (Whole Society) as at December 31, 1920.
Description of Certificates.
Amount
Assured.
Value of
Amount
Assured.
Premiums
Payable.
Value of
Premiums.
Net N.F.C
4%
Reserve.
Death or Old Age, issues since Jan. 1, 1913
Ordinarj' Life, issues since Jan. 1, 1913 .
Ordinary Life, issues prior to Jan. 1, 1913.
$
116.500
46,288,250
113,915,750
%
32,990
12,487,057
50,720,317
$ cts.
1,783 56
616,236 36
1,691,241 48
S
30,820
11,202,754
22,803,589
$
2,170
1,284,303
27,916,728
Total
160.320,500
63,240,364
2,309,261 40
34,037,163
29,203,201
Valu.^tion Balance Sheet.
(Business issued since Jan. 1, 1913, whole society.)
Assets. Liabilities.
Share in assets $ 1,459,513 82 Present value of benefits $12,520,046 87
Present value of future contributions.. 11,233,573 40 Matured liabilities 44,393 00
Surplus 128, 647 35
Total $12,693,087 22 Total $12, 693,087 22
The Actuary certifies that in his opinion the assets of the Society applicable to the Mortuary fund
business, issued since January 1, 1913, together with the prenaiums to be received from the members
according to the scales in force at the date of valuation, are sufficient to provide for the payment at
maturity of all the obligations in respect of this business without deduction or abatement.
Valuation Balance Sheet.
(Business issued prior to January 1, 1913, whole society.)
Assets.
Share in assets $ 7,502,329 94
Present value of future contributions.. 22,803,589 02
Deficiency 20, 600, 155 76
Liabilities.
Present value of benefits $50,720,316 53
Matured liabilities 185, 758 19
Total $50,906,074 72
Total $50,906,074 72
Degree of solvency of this section of this business on the valuation bases used, 59-53%.
A plan of readjustment of the pre-1913 business, prepared and submitted to the convention in August,
1921, was approved by a majority vote, but a two-thirds majority is required for such an amendment of
the By Laws. A special convention is to be held in February, 1922, at which the question will be re-
considered.
As indicated, the above valuations and Balance Sheets relate to the business of the Society as a whole.
Similar valuations were made of the Canadian business. (1) in respect of the whole Canadian business,
(2) in respect of Canadian business issued since January 1, 1920.
V.\LUATioN Summary (Whole Canadian Business).
Description of Certificates
Amount
Assured.
Value of
Amount
Assured.
Premiums
Valued.
Value of
Premiums
N.F.C.
4%
Reserve.
Death or Old Age, issues since Jan. 1, 1913
Ordinary Life, issues since Jan. 1, 1913. . .
Ordinary Life, issues prior to Jan. 1, 1913
$
58,500
6,113,500
23,458,750
$
16,543
1,682,382
10,845,137
$ cts.
884 64
83,794 68
350,991 96
$
15,410
1,510,7.58
4,570,021
$
1,133
171,624
6,275,116
Total
29,6.30,750
12,544.062
435,671 28
6,096,189
6,447,873
Valuation Summary.
Canadian Business issued since January 1, 1920.
Death or Old Age
Ordinary Life
Total.
13,500
1,435,500
3,560
374,869
196 92
19,892 64
3,509
365,735
51
9,134
1,449.000
378,429
20,089 56
369,244
9,185
Note by Department: — The Society first obtained a Dominion license February 2, 1920, and by
virtue of the provisions of the Insurance Act, they maintain a deposit with the Receiver General of Canada
in respect of members admitted since that date equal to the reserve required on certificates in force. The
amount of the deposit as at December 31. 1920. was $10,500.
LIFE INSURANCE COMPANIES
491
SESSIONAL PAPER No. 8
THE COMMERCIAL TRAVELLERS MUTUAL BENEFIT SOCIETY.
Statement for the Year ending December 31, 1920.
President, Chas. S. Parsons — ^Vice-President, Sam. M. Sterling — Secretary and Manager,
Richard Ivens — Treasurer, S. R. Wickett — Head Office, 51 Yonge St., Toronto. —
Directors, Robert Forbes, W. J. Sykes, R. Maxwell, Jno. Burns, Jno. Curtis,
H. L. Willmott, L. R. Arnett, A. J. Tipping, E. Fielding.
(Organized 1881. Incorporated January 27, 1882, under the provisions of the Revised Statutes of Ontario,
1877, chap. 167. Commenced business July, 1881.)
SUMMARY BALANCE SHEET.
Assets.
Liabilities.
Total ledger assets $ 194,712 83
Deduct excess of total book value of
ledger assets over total Depart-
ment's value 3 , 157 35
Total liabilities.
Surplus
190,765 53
4,024 48
Total ledger assets taken at Depart-
ment's value $ 191, 555 48
Non-ledger assets 3,234 53
Total assets $ 194,790 01
Total $ 194,790 01
SYNOPSIS OF LEDGER ACCOUNTS.
As at December 31, 1919:—
Net and total ledger assets $ 174,369 21
Increase in ledger assets in 1920: —
Income
Increase in borrowed money. . .
59,039 60
600 00
Decrease in ledger assets in 1920: —
Disbursements $ 38,866 68
Amount by which ledger assets
were written down 429 30
Total decrease.
39,295 98
As at December 31, 1920:—
Net ledger assets $ 194,112 83
Borrowed money 600 00
Total increase.
Total
.$ 59,639 60
.$ 234,008,81
Total ledger assets $ 194 , 712 83
Total $ 234,008 81
ASSETS.
Ledger Assets.
Mortgage loans on real estate, first liens $ 31, 490 00
Loans to policyholders secured by the Company's policies in force, the reserve on each
policy being in excess of all indebtedness 20, 207 99
Book value of bonds, debentures and debenture stocks owned by the Company {For details
see Schedule C) 129, 674 29
Cash in Dominion Bank, Toronto 13,010 55
All other ledger assets: — Office furniture 330 00
Total Ledger Assets $ 194,712 83
Deduct excess of total book value of real estate, bonds, debentures and stocks over total
Department's value 3, 157 35
Total ledger assets taken at Department's value $ 191 , 555 48
492 DEPARTMENT OF 1NSVRA:NCE
11 GEORGE V, A. 1921
The Commerctal Travellers Mcttal Benefit Socieiy — Coniinxied.
ASSETS.— ConcZuied .
Non-Ledger Assets.
Interest or dividends accrued on —
Mortgages $ 426 00
Bonds and debentures 1,761 90
Premiums notes, policy loans and liens 909 45
$ 3,097 35
Net premiums due and uncollected, and deferred, renewal 137 18
Total Non-Ledger Assets S 3,234 53
Total Assets $ 194,790 01
LIABILITIES.
Net liabilitj' under assurance, annuity, and supplementary contracts in force for payments
not due, dependent on life, disability or any other contingency or on a term certain. .$ 185,491 00
Net liability for unadjusted payments due under contracts: — Death losses 4,000 00
Received from policyholders in advance: — Annual premiums, $60; assessments, $614.53 .. 674 53
Borrowed money 600 00
Total Liabilities $ 190,765 53
INCOME.
Assurance premiums, renewal $ 44,700 95
Gross interest or dividends on —
Mortgages $ 2, 059 58
Bonds and debentures (less $1,002.74 paid for accrued interest on bonds
acquired during year) , 6,226 47
Premium notes, policy loans and liens 1,052 69
Bank balance 376 95
9,715 69
Income from all other sources: Annuals, $3,278; applications, $680; exchange, $274.96 4,232 96
Gross profit on sale or maturity of ledger assets: — Bonds 390 00
Total Income $ 59,039 60
DISBURSEMENTS.
In respect of assurance contracts: —
Death claims — Amount assured $ 33,500 00
Taxes, licenses and fees (including taxes on investments but excluding taxes on real estate) . 191 33
*Head office expenses: — Salaries, $2,608.33; auditors' fees, $125; rents, $450; commissions,
$680; actuary fee, $100. 3, 963 33
All other expenses: — Advertising, $48; express, telegrams and telephones, $57.20; legal fees,
$67.36; medical fees, $26; postage, $298.50; printing and stationery, $296.73; fire
insurance, $4.60; sundries, $413.63 1,212 02
Total Disbursements $ 38, 866 68
EXHIBIT OF POLICIES.
Classification.
Whole Life.
No.
Amount.
At end of 1919
1,790
342
$
1,785,500
New issued
342,000
Totals
2,132
2,127,500
Less ceased by: —
Death
32
108
31,500
Lapse
108,000
Decrease
150
Total ceased
140
139,650
At end of 1920
1,992
1,987,850
*Including investment expenses — Salaries, $475.
LIFE INSURANCE COMPANIES
493
SESSIONAL PAPER No. 8
The CommercialTravellers Mutual, Benefit Society — Continued.
SUMMARY OF THE REPORT OF THE ACTUARY
made in accordance with the requirements of Section 112 of the Insurance Act. 1917 (1919 Amend"
ment affecting Friendly Societies).
The report was made by Mr; L. K. File of Toronto, Fellow of the Institute of Actuaries of Grea
Britain, and Fellow of the Actuarial Society of America.
The certificates of the Societj' provide for payment of the sum assured at death only. Xo surrender
values are given.
The valuation was made at age attained as at December 31, 1920, the sums assured and the premiums
applicable to mortuary purposes being valued separately. The valuation bases used were Canada Life
Ultimate Table with 4j % interest.
During the year 1920 the rate of interest earned on the mean net ledger assets was 5-55%, showing a
margin of more than one per cent over the rate used in the valuation.
An investigation was made into the mortality experienced by the Society during the last five years'
which shows that there has been a steady and well-marked improvement, resulting in a slight profit in
the year 1920.
The Valuation Balance Sheet prepared by the Actuary is as follows: —
Assets.
Funds applicable to mortuary bene-
fits
Present value of future contributions
applicable to benefits
194,790 01
577,675 00
Liabilities.
Present value of mortuary bene-
fits $ 763,166 00
Other liabilities, viz: —
Death losses not yet settled 4,000 00
Premiums and assessments
paid in advance 674 53
Borrowed monej' 600 00
Surplus 4,024 48
$ 772,465 01
S 772,465 01
The Actuary certifies that in his opinion the Funds applicable to Mortuary Benefits as at Dec. 31, 1920,
together with the premiums, dues and other contributions to be thereafter received from members in
accordance with the scale in force at the said date, are sufficient to provide for the payment at maturity of
all the Mortuary obligations of the society without deduction or abatement.
Valuation Summary.
Age attained, Dec. 31, 1920.
Sums
assured.
Annual
premiums
payable
bimonth-
ly.
Value
of sums
assured
Value of
premiums
Net
No. of
policies
Amount.
liability.
15-19
8
53
162
294
294
311
202
183
180
140
95
41
21
6
1
1
$
8,000
53,000
162,000
294,000
294,000
311,000
202,000
182,500
178,000
139,850
94,000
40,500
21,000
6,000
1,000
1,000
$ cts.
82 26
615 96
2,076 36
4,004 52
4,511 40
5,732 04
4,272 24
4,526 94
5,638 62
5,797 80
4,9.39 80
2.627 88
1,794 .30
382 50
168 00
168 00
%
1,.528
11,090
37,447
76, 165
86,490
104,856
78,356
81,923
91,733
81,131
60,451
28.962
16,269
4,980
866
919
S
1,509
11,063
36,264
67,382
72,306
86,224
59,332
57,151
62,597
55,556
39,941
17,012
9,099
1,422
510
307
%
19
20-24
25-29
30-34
35-39
27
1,183
8,783
14,184
40-44
18,632
45-49
50-54
19,024
24,772
55-59
60-64
29,136
25,575
6.5-69
70-74
75-79
20,510
11,950
7,170
80-84
3,558
85-89
356
90-94
612
Total
1,992
1,987,850
47,338 62
763,166
577,675
185,491
494 DBPARTMEMT OF I1\'SURANCE
11 GEORGE V, A. 1921
The Commercial Travellers Mutual Benefit Society — Concluded.
Schedule C.
Bonds and debentures —
Par Book Department's
Value. Value. Value.
Dom. of Canada Victory Loan $ 66, 000 00 $ 64, 620 00 S 64, 620 00
Prov. of British Columbia, Bonds 10,000 00 9,075 00 8,910 00
Prov. of New Brunswick, Debentures 5,000 00 4, 969 00 4, 954 00
Prov. of Saskatchewan, Bonds 5,000 00 4,782 00 4,7.58 00
City of Brandon 3,576 56 .'3,636 30 3,469 26
City of Toronto Junction 10,000 00 8,136 00 8,136 00
City of Vancouver 10,000 00 10,663 90 8,000 00
Town of Lindsay 2,464 11 2,512 59 2,390 18
Canadian Northern Pacific Ry., 1st mtge,
(G'teed by British Columbia), 1950, 4
p. c 14,60000 9,599 50 9,599 50
Canadian Northern Ry., (G'teed by Dom. of
Canada), 1934, 4 p. c 14,600 00 11,680 00 11,680 00
$ 141,240 67 $ 129,674 29 $ 126,516 94
LIFE INSURANCE COMPANIES
495
SESSIONAL PAPER No. 8
THE INDEPENDENT ORDER OF FORESTERS.
Statement for the Year ending December 31, 1920.
President, W. H. Hunter, B.A. — Vice-President, F. E. Hand — Secretary, R. Mathison, M.A.
— Treasurer, G. R. Cottrelle— Actuary, S. H. Pipe, F.A.S. — Head Office, Temple
Building, Toronto, Ont.
(Originally incorporated under chap. 167 of the Revised Statutes of Ontario, 1877. Subsequently incor-
porated by an Act of Parliament of the Dominion of Canada, 52 Vic. chap. 104. Assented to May 2,
1889. Licensed to transact business in Canada, May 1, 1896.)
SUMMARY BALANCE SHEET BY FUNDS.
Mortuary
Fund.
Sickness
Fund.
Totals.
Ledger assets
Less excess of total book value of ledger assets over total
Department's value
Total ledger assets t&ken at Department's value
Non-ledger assets
Total assets
Liabilities
Surplus
S cts.
46,117,838 97
2,532,807 74
$ cts.
149,526 48
$ cts.
46,267,365 45
2,532,807 74
43,585,031 23
519,035 81
149,526 48
1,375 49
43,734,557 71
520,411 30
44,104,067 04
43,450,418 15
150,901 97
*41,616 70
44,254,969 01
43,492,034 85
653,648 89
•■109, 285 27
762,934 16
SYNOPSIS OF LEDGER ACCOUNTS BY FUNDS.
Mortuary
Fund.
Sickness
Fund.
Totals.
As at December 31, 1919:—
Net ledger assets
$ cts.
45,735,259 47
750,000 00
2,096 42
$ cts.
148,106 39
$ cts.
45,883,365 86
Borrowed money
750,000 00
Unclaimed cheques
865 54
2,961 96
Total ledger assets
46,487,355 89
148,971 93
46,636,327 82
Increase in ledgei assets in 1920: —
Income ... .
5,065,314 44
30,834 00
298,463 61
5,363,778 05
Transfer from Sick Benefit Fund, a/c of Expenses
30,834 00
Total increase
5,096,148 44
298,463 61
5,394,612 05
Decrease in ledger assets in 1920: —
Disbursdments
4,706,813 10
208,852 26
•550,000 00
266,209,52
865 54
4,973,022 62
Amount by which ledger assets weVe written down
Decrease in borrowed money
Transfer to Mortuary Fund, a/c of Sick Fund expenses
209,717 80
550,000 00
30,834 00
30,834 00
Total decrease
5,465,665 36
297,909 06
5,763,574 42
As at December 31, 1920:—
Net ledger assets
Borrowed money
45,917,838 97
200,000 00
149,526 48
46,067,365 45
200,000 00
Total ledger assets
46,117,838 97
149,526 48
46,267,365 45
*See foot-note to Liabilities.
496 DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
The Independent Order of Foresters — Continued.
ASSETS (All Funds.)
Ledger Assets.
Book value of I eal estate, unencumbered, held by the Societj {For details see Schedule A.)- S 1,078,587 70
Moi tgage loans on real estate 3_ 557^ 5(50 46
Loans secured by bonds, stocks or other marketable collaterals (For details see Schedule B) 4, 185*, 108 12
Amount of loans as above on which interest has been overdue for one year or more previous
to statement $633,006 43
Loans to members secured by the Society's policies in force, the reserve on each policy being
in excess of all indebtedness 22, 724, 575 00
Book value of bonds, debentures and debenture stocks owned by the Society [For details see
Schedule C.) 13,973,120 87
Book value of stocks owned by the Society (For details see Schedule D.) 474,915 56
Cash in banks, (For details see Schedule E.) 255, 242 80
All other ledger assets 18, 194 94
Total Ledger Assets $46,267,365 45
Deduct excess of total book value of real estate, bonds, debentures and stocks over
total Department's value ; 2, 532, 807 74
Total ledger assets taken at Department's value $43,734,557 71
Non-Ledger Assets.
Interest, dividends and rents, due and accrued: —
Interest or dividends on — Due. Accrued.
Mortgages % 132,296 27 $ 57,246 48
Collateral loans 4,275 00 1,759 75
Bonds and debentures 81,010 00 108,084 44
Premium notes, policy loans and liens 113,949 00
Total interest $ 217,581 27 $ 281,039 67
Rents ,301 28
Total interest, dividends and rents, due and accrued $ 217,581 27 $ 281,340 95
$ 498,922 22
Premiums, contributions, etc., due: —
Mortuary Fund $ 20,113 59
Sickness Fund 1 , 375 49
21,489 08
Total Non-Ledger Assets $ 520,411 30
Total Assets $44,254,969 01
LIABILITIES.
Mortuary Fund: —
Liability under contracts in force for payments not due (Reserve) $41,972,863 00
Liability for payments due under contracts: — In Canada. Out of Canada
Adjusted but unpaid /Old Age Claims. ... $ 100 00 %
\ Death Claims 4,760 86 7,612 40
Unadjusted, Death Claims 59, 615 72 40, 666 64
Resisted, Death Claims 2,000 00 1,000 00
Totals % 66,476 58 $ 49,279 04
115,755 62
Provision for unreported claims 136, 396 63
Premiums received in advancte 16, 341 77
Borrowed money 200, 000 00
Reserve for Investment Fluctuation 1 , 000, 000 00
$43, 441,. 357 02
Sickness Fund: —
Liability under contracts in force for payments not due (Reserve) $ *Nil.
Liability for payments due under contracts:^ In Canada. Out of Canada
Adjusted but unpaid (Funeral Claims $ 75 00 $
(Sickness Claims... 509 91 42 58
Unadjusted /Funeral Claims 900 00 100 00
\Sickness Claims 4,154 94 1,896 86
Resisted, Funeral Claims 50 00
Totals $ 5,689 85 $ 2,039 44
7,729 29
Provision for unreported claims 33,000 00
Premiums received in advance 887 41
41,616 70
*The order may cancel any sickness contract upon giving thirty days' notice to the member, and,
therefore, the Order deems that the accumulated fund less accrued liabilities is in the nature of surplus
in this Department. The surplus, on this basis, as at Dec. 31, 1920, was $109,285.
LIFE INSURANCE COMPANIES 497
SESSIONAL PAPER No. 8
The Independent Order of Foresters — Continued.
LIABILITIES— ConcZudei.
General expenses: —
Salaries, rents and office expenses, due and accrued $ 3,396 68
Other items due and accrued: Medical examiner's fees 5,664 45
$ 9,061 13
Total Liabilities $43,492,034 85
INCOME.
Mortuary Fund: —
Premiums: In Canada, $1,222,806.72; out of Canada, Sl,907,789.04 S3, 1,30,595 76"^
Interest, dividends and rents 1,912,744 48
Gross profit on sale or maturity of ledger assets 16, 697 57
Special donation a/c Orphans Home 1 , 819 78
Repayment accrued interest 3, 456 85
■$ 5,065,314 44
Sickness Fund: —
Premiums: In Canada, $209,020.09; out of Canada, $88,982.34 $ 298,002 43 *^
Interest, dividends and rents 461 18
298,463 61
Total Income $ 5, 363, 778 05
DISBURSEMENTS.
Mortuary Fund: —
In Canada. Out of Canada. Total.
Death claims $ 929,972 38 $1,385,959 06 $2,315,93144
Old age benefits 648,62143 608,468 64 1,257,090 07
Disability claims 32,458 20 49,705 95 82,164 15
Expectation of life claims 12,500 00 4,973 33 17,473 33
Fraternal grants 95,053 48 118,816 86 213,870 34
Totals $ 1,718,605 49 $ 2,167,923 84 $ 3,886,529 33
$ 3,886,529 33
Sickness Fund: —
Sickness claims $ 182,084 41 $ 61,809 76 $ 243,894 17
Funeral claims 16,189 95 6,125 40 22,315 35
Totals $ 198,274 36 $ 67,935 16 $ 266,209 52
266,209 52
Total disbursements in respect of membership certificates $ 4, 152,738 85
102,949 79
Orphans' grants $ 20, 427 19
Orphans' Home and Sanatoria maintenance 82, 522 60
General expenses: — '
Head office expenses: Salaries, $177,800.57: executive fees, $9,333.25;
auditors' fees, $2,261.00; travelling e.vpenses, $9,364.12; rents, $26,369.48$ 225,128 42
Agency and organization expenses: commissions, $141,746.24; salaries,
$96,299.48; organizing work and travelling expenses, $87,484..35 325,530 07
All other expenses:— Advertising, $4,257.92; books and periodicals, $1,197.82
express, telegrams and telephones, $2,439.11; legal fees, $36,184.04;
medical fees, $36,069.01; office furniture, $1,831.59; valuation fees,
$1,493.72; printing and stationery, $10,469.12; commissions on loans,
$375; official publication, $14,639.94; claims expenses, $105; inspection
of risks, $684.23; Insurance Dept. fees, $5,544.94; repairs to property,
$2,294.26; general expenses, $4,993.60; donations, $1,509.48; business
taxes, $16,381.37; temple building maintenance (less rents), $64.16.. 140,534 31
691,192 80
Gross loss on sale of ledger assets: Mortgages, $24,700.18; bonds and stocks, $1,441.00 26, 141 18
Total Disbursements $ 4,973,022 62
S— 32*
498
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 192t
The INDEPENDE^^^ Order of Foresters — Continued,
EXHIBIT OF CERTIFICATES (Total Business).
Classification.
Whole Life.
Endowment
Assurances.
Totals.
No.
Amount.
No.
Amount.
No.
Amount.
At end of 1919
175,290
16,166
2,361
%
170,496,294
16,368,600
2,333,714
646, 183
3,395,692
393
$
568,633
175,683
16,166
2,361
S
171,064,927
16,368,600
2,333,714
646,183
Transferred to
3,478
9
14,733
3,487
3,410,425
Totals
197,295
193,240,483
402
583,366
197,697
193,823,849
Less ceased by —
Death
2,116
' 2,304,060
8
13
12,000
17,473
2,124
13
1,418
94
17,783
2,316,060
Expectation of life
17,473
1,418
94
17,755
1,261,012
82,864
17,959,866
1,261,012
T and P disability
82,864
28
51,680
18,011,546
Total ceased
21,383
21,607,802
49
81,153
21,432
21,688,955
At end of 1920
175,912
171,632,681
353
502,213
176,265
172,134,894
EXHIBIT OF CERTIFICATES (Busi.vess out of Canada).
Classification.
Whole Life.
Endowment
Assurances.
Totals.
No.
Amount.
No.
Amount.
No.
Amount.
At end of 1919
107,094
11,757
1,466
S
103,299,933
11,787,600
1,441,607
451,183
170
S
271,133
107,264
11,757
1,466
S
103,571,066
11,787,600
1,441,607
451,183
Transferred to
1,866
1,878,466
7
12,733
1,873
1,891,199
Total*
122, 183
118,858,789
177
283,866
122,360
119,142,655
Less ceased by —
Death
Expectation of life
1,253
1,371,971
3
4
5,000
4,973
1,256
4
689
54
11,244
1,376,971
4,973
689
54
11,236
612,391
■50,206
11,309,901
612,391
T. and P. disability
50,206
Lapse
8
17,680
11,327,581
Total ceased
13,232
13,344,469
15
27,653
13,247
13,372,122
At end of 1920
108,951
105,514,320
162
256,213
109,113
105,770,533
EXHIBIT OF SICKNESS CERTIFICATES.
In Canada. Out of Canada
In force December 31, 1919.
New issued during 1920
1,497,149
89,598
Total
Terminated during 1920 by —
Death and lapse
In force December 31, 1920.
551,536
52,697
Totals.
2,048,685
142,295
1,586,747
604,233
2,190,980
108,650
48,446
157,096
1,478,097
555,787
2,033,884
LIFE INSURANCE COMPANIES 499
SESSIONAL PAPER No. 8
The Independent Order of Foresters — Continued.
BENEFITS GRANTED UNDER SICKNESS CERTIFICATES.
Regular Beneficiary Members in Sick Benefit Department are entitled to receive three dollars per
week for first three weeks' continued illness, and five dollars per week thereafter for twenty-three weeks
continued illness.
"Continued illness" shall be taken to mean any two periods of illness from any cause whatsoever for
which the members claim benefits when the interval between the last day of one period of illness and
the first day of the next period of illness shall not exceed twelve montlis, and no member shall be
entitled to claim benefits in this department aft«r he shall have received twenty-six weeks' benefits for
continued illness until the expiration of at least twelve months from the illness for which he last received
benefits.
No funeral benefits now granted.
MISCELLANEOUS STATEMENT.
I. The Order carries on business in Canada, Great Britain and Ireland, Newfoundland, Ceylon, Den-
mirk, Norway, and in the following states of the United States: — Arizona, California, Colorado,
Connecticut, District of Columbia, Florida, Georgia, Illinois, Indiana, Iowa, Kansas, Kentucky.
Maine, Maryland, Massachusetts, Michigan, Minnesota, Missouri, Montana, Nebraska, Nevada,
New Hainpshire, New Jersey, New York, North Dakota, Ohio, Oregon, Pennsylvania, Rhode
Island, South Dakota, Tenessee, Texas, Utah, Virginia, Vermont, Washington, West Virginia and
Wisconsin.
II. Reinstatement of members may be made upon application, with satisfactory medical report, payment
of amount due, and approval of Supreme Chief Ranger, or Executive Council. (See Constitution and
Laws, Sec. 140 to 144 inclusive.)
III. In event of discontinuance of premium payment, no benefits are granted.
IV. Pre 1899 members are entitled to Fraternal Grants of $75 per thousand of insurance, on payment of
claim, if surplus warrants same.
SUMMARY OF THE REPORT OF THE ACTUARY
made in ac<fordance with the requirements of Section 112 of the Insurance Act, 1917 (1919 Amendment
affecting Friendly Societies.)
The Report was made by the Actuary of the Order, Mr. Sidney H. Pipe, of Toronto, Fellow of the
Actuarial Society of America, and Associate of the Institute of Actuaries of Great Britain.
Mortuary Fund.
The Order's Act of Incorporation prescribes as the minimum reserve basis, the "Forester's Experi-
ence" with 4 per cent interest. This experience takes into account profit from lapses, both in the premium
valued and in the valuation factors.
The Order issues one form of policy providing: (a) The face amount at death before age 70; (b) 70 per
cent thereof in event of total and permanent disability before age 70, payable in three annual instalments
of 20 per cent, 20 per cent, and 30 per cent; 70 per cent of the face amount assured in one sum as an old age
benefit at 70 or later.
No surrender values are given. A few Endowment Assurances issued years ago are in force.
In accordance with the Constitution and Laws of the Order, provision must first be made for the
reserves required to be maintained by the Act of Incorporation, and the expenses are to be met out of any
surplus remaining.
An investigation into the mortality experienced during the years 1912 to 1915 inclusive, showed that
at early ages the ultimate experience was in close agreement with the "Forester's Experience" which is
the minimum reserve basis, but at higher ages heavier mortality was experienced. In addition to the
minimum reserves required by the basis of valuation above referred to, the Order maintains $1,000,000
special reserve. The Actuary states that in his opinion $750,000 of this amount should be regarded as a
provision for the heavy mortality at the advanced ages above referred to.
The rate of interest earned by the Order during the year on its mean net ledger assets was 4-4 per cent.
Valtj.\tion Summary.
Number Amount. Reserve.
Whole Life 175, 912 $171 , 632, 681 $ 41 , 628, 642
Endowment 353 502,213 344,221
Totals 176,265 $172,134,894 $41,972,863
Special Reserves maintained 1 , 000, 000
Total reserve $ 42, 972,863
8—321*
500
DEPARTMENT OF INSURANCE
11 GEORGE: V, A. 192t
The Independent Order of Foresters — Continued.
The Actuary certifies that the reserve shown above, together with the net premiums to be received
hereafter by the Order, according to the basis laid down in the Order's Act of Incorporation, being the
Independent Order of Foresters' Consolidated Act, 2-3 George V. (Canada) Chap. 113 and amendment
thereto, are sufficient to provide for the payment at maturity of all the obligations of the Order under its
policy contracts, without deduction or abatement.
Sickness Fund.
The Order may cancel any sickness contract upon giving thirty days' notice to the member, and,
therefore, the Order deems that the accumulated funds less accrued liabilities is in the nature of surplus in
this Department. The net surplus funds as at 31 December, 1920, were $109,285.27.
Schedule A.
Actual Cost Department's
Heal estate— and I^ook Value.
Manitoba— Value.
Brandon, Lots 1. 2, 3, 4, Block 79 $ .5,290 83 $ 9,200 00
Ontario —
Deseronto, Foresters' Island 20,000 00 20, 000 00
Oakville.I.O.F. Orphans' Home 102,396 69 116,640 00
Toronto, I.O.F. Temple Building 807, 169 .37 893,4.50 00
Quebec —
Quebec, 105 Mountain Hill 18,200 13 23,500 00
California —
Los Angeles, Lopez Sanatorium 56,704 02 60,000 00
N^ew York —
Rainbow Lake, Rainbow Sanatorium 68,826 66 75,000 00
S 1,078,587 70 $ 1,197,790 00
Schedule B.
Loans secured by bonds, stocks, or other marketable collaterals —
Par Market Amount
Value. Value. Loaned.
Brading Breweries, Ltd., Preferred Stock —
110 shares ? 11,000 00 S 11,000 00)
Brading Breweries, Ltd., Common Stock— \ $ 2,500 00
28 shares 2,800 00 980 OOJ
Union Trust Co. Stock— 572 shares 57,200 00 80,080 00 55,949 29
Union Trust Co. Stock— 733 shares 73,300 00 102,620 00 69,912 83
Union Trust Co. Stock— 265 shares 26,500 00 37,100 00 23,850 00
Union Water Development Co. Coll. Trust
Bonds. 7%— 1956 .53,000 00 47,700 00 41,000 00
New York Ice Co. of Maine — 1st Mtge.
Bonds, 6%— 1941 120,000 00 84,000 00 55,012 50
Newfoundland Pulp and Lumber Co. — 1st
Mtge. Bonds, 7%— 1932 100,000 00 80,000 00 70,500 00
Newfoundland Pulp and Lumber Co. — 1st
Mtge. Bonds 7%-1932 11,000 00 8,800 00 7,612 50
Lincoln Traction Co., Nebraska, Common
Stock, 7,499 shares 749,900 00 187,475 00 120,28100
Red Deer (Alta.) Debentures, 5%— 1921 to 1929 1,425 94 1,301 021
Wolseley (Sask.) Debentures, 5%— 1921 to 1927 1,750 00 1,575 001
Alexandra Palace Co. Bonds, 5%— 1922 150,000 00 141,000 OO'
National Fireproofing Co. of Canada Bonds,
6%— 1931 150,000 00 138,750 001
R. Simpson Co., Ltd., Toronto, Bonds, 5% 1
—1952 88,573 33 79,716 .30 1
Dryden Pulp and Paper Co., 7% —Income I
Debenture Stock 23,749 .33 7,124 80 3,738,550 00
R. Simpson Co., Ltd., Toronto, Stock —
1,009 shares 100,900 00 85,765 00 1
Saskatchewan Bonds, 5|%— 1934 24,333 33 24,211 67
Newfoundland War Loan Bonds, 5|%— 1939. . 20,000 00 20,489 60|
Dominion of Canada War Loan Bonds, 55% —
1933 50,000 00 52,437 501
.Saskatchewan Bonds, 6%— 1940 80,000 00 77, 101 50
Mortgages 3,076,475 53 3,076,475 53|
Cash held for investment 32,602 08 32,602 08 J
$5,004,509 54 $4,378,305 00 $4,185,168 12
LIFE INSURANCE COMPANIES "iOI
SESSIONAL PAPER No. 8
The Independent Order of Foresters — Contiriued.
Schedule C.
Depart-
Par Bock ment's
Bonds and debentures— Value. Value. Value.
Governments — ■
Canada— Stock $ «8,842 00 $ 89,940 22 $ 70,108 35
Victory Loan 835,000 00 835,000 00 835,000 00
*\VarLoan 104,000 00 102,025 00 102,960 00
British Columbia— Bonds 100,000 00 93,980 00 93,980 00
Nova Scotia-Debentures 125,073 33 96,525 34 96,. 300 46
Ontario— Annuities 21.189 10 21,189 10 19,070 19
Debentures 84,000 00 76,997 08 75,720 00
United Kingdom of Great Britain and Ire-
land—Bonds 200,000 00 202, 460 64 202,400 64
Queensland— Bonds 48,666 66 44,530 00 35,526 66
South Australia— Inscribed Stock 24,333 33 22,873 67 20, 196 66
Victoria— Consolidated Inscribed Stock 33,825 74 29,638 48 21,310 22
United States of America— Liberty Loan 10,000 00 10,000 00 10,000 00
$1,684,930 16 Sl,625,165 53 .11,588,639 18
Cities ■
Alberta — •
Calgary $ 20,000 00 $ 18,763 16 $ 18,600 00
Edmonton 44,826 88 37,974 10 38,887 27
Lethbridge 42,109 12 37,044 44 38,21162
Strathcona 33,405 00 30,23153 27,726 15
British Columbia — •
Kamloops 4,000 00 3,720 00 3,560 00
Vancouver 50,000 00 42,466 17 38,500 00
Victoria 70,000 00 65,475 13 65,272 00
Manitoba — •
Brandon 69,000 00 59,017 02 59,028 30
St. Boniface ' 10,000 00 8,883 24 9,200 00
Ontario —
Fort William 10,000 00 9,208 32 9,200 00
Kitchener 37,894 64 .35,270 92 35,999 90
Ottawa 50,000 00 47,764 00 50,4.30 00
Port Arthur 25,000 00 22,858 42 23,500 00
Sault Ste. Marie 23,000 00 21,935 00 21,820 00
Toronto 82,400 00 77,108 34 76,670 00
Windsor 30,000 00 28,415 40 28,415 40
Prince Edward Island—Charlottetown 25,000 00 23,813 78 23,130 00
Quebec— Montieal 121,666 67 101,192 91 110,716 67
Saskatchewan —
Moose Jaw 45,315 93 41,763 73 41,237 50
Prince Albert 20,265 50 23,108 08 13,132 75
$ 819,883 74 $ 736,013 69 S 733,237 56
Towns —
Alberta— Red Deer $ 15,260 23 $ 14,596 92 $ 14,649 83
Ontario —
Essex 526 45 483 91 52119
Kenora 25,000 00 24,88191 23,500 00
Oshawa 8,136 46 7,770 18 7,82105
Que6*;c— Buckingham 25,000 00 23,500 00 22,500 00
Saskatchewan-
Indian Head 46,199 34 44,099 37 44,35138
Wolseley 6,285 47 5,977 68 6,034 06
$ 126,407 95 $ 121,309 97 .f 119,377 51
Loans on Parochial and other Public Rates, Quebec —
Bale St. Paul S 120,4.56 74 .$ 114,218 08 $ 114,218 OS
St. Gabriel de Brandon 49,029 41 45,48116 43,145 88
S 169,486 15 $ 159,699 24 $ 157,363 96
Schools —
^Zber^a— Edmonton, R.C $ 85,000 00 $ 84,650 00 $ 84,150 00
Quebec— Quebec, R.C 50,000 00 41,995 00 49,000 00
Saskatcheivan — Three schools, par value for each
under .$1,100 2,598 51 2,598 51 2,755 01
$ 137,598 51 S 129,243 51 $ 135,905 01
"On deposit with Receiver General.
602 DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
The Independent Order of Foresters — Continued.
ScHEDCLE C. — Concluled.
Depart-
Bonds and debentures — Concluded. Par Book ment's
Railways — • Value.. Value. Value.
Barcelona Traction, Light and Power Co., 'l f
Ltd., 5h p.c. Income Bonds ? 105,937 101 ^ .f.„ , .„ „„ $ 51,909 18
Barcelona Traction, Light and Power Co., f '' '*"'^- i*« "" ]
Ltd., 1st mgte., 1961, 5 p.c 486,666 67 J 1, 2.38,466 67
Chesapeake and Ohio Ry., 1930, 4| p.c 10,000 00 7,000 00 7,000 00
Dominion Traction and Lighting Co., Ltd.,
lstmtge.,1943, 5p.c 494,000 00 419,217 00 419,900 00
Grand Trunk Pacific Ry. (G'teed. by Dom.
of Canada) 1962, 4 p.c 338,256 00 253,622 40 267,222 24
International Transit Co., Istmtge., (Principal
g'tced by Algoma Steel Corp.) 1921, 5 p.c. 12,500 00 11,722 47 12,000 00
Michigan United Rys., 1st and Ref. mtge.,
19.36, 5 p.c 3,974,000 00 3,150,766 95 2,583,100 00
Norfolk and Portsmouth Traction Co., 1st
mtge., 1936, 5 p.c 467,000 00 402,4.34 22 401,620 00
St. Louis — San Francisco Ry. Co., 1950, 4
p.c 26,250 00 14,437 50 14,437 50
AVindsor, Essex and Lake Shore Rapid Ry.
Co., 2nd mtge.. Interim Bonds, 1953, 5
p.c 240,000 00 234,336 27 144,000 00
Windsor, Essex and Lake Shore Rapid Ry.
Co., 1930-1935, 6 p.c 36,000 00 34,200 00 34,200 00
56,190,609 77 §4,930,884 81 $4,173,855 59
Miscellaneous —
Andrews Manufacturing Co., 1st mtge., 1933,
6 p.c $ 349,000 00 .$ 349,000 00 S 349,000 00
Brading Breweries, Ltd., 1st mtge., 1921,
1924, 7 p.c 36,000 00 .36,000 00 32,400 00
Bufifalo Realty Co., 1st mgte., 1922, 6 p.c... 11,000 00 10,023 02 10,023 02
Canadian Realty Corpn. Ltd., 1st mtge.
Serial, 1921 to 1949, 6 p.c 228,000 00 228,000 00 228,000 00
Chicoutimi Water and Electric Co., 1st mtge.,
1932, 5 p.c 100,000 00 82,000 00 82,000 00
Consolidated Electric Co. (G'teed by Great
Western Power Co.) 1955, 5 p.c 36,550 00 31,067 50 26,681 50
Credit Society of Estate Owners in the Danish
Insular Dioceses, by drawing, 4 p.c 38,505 60 35,705 38 35,810 21
Cutler Mail Chute Co., 1936, 5 and 6 p.c 280,000 00 279,750 00 279,750 00
Dominion Iron and Steel Co., Ltd., 1st mtge.
S. F., 1929, 5 p.c 70,000 00 64,750 00 63,700 00
Holmwood Realty Co., 1st mtge., 1928, 6 p.c 25,000 00 35,000 00 25,000 00
International Milling Co., 1st mtge., S.F.,
1930, 6 p.c 50,000 00 49,795 10 49.000 00
Kenilworth Co., 1921 to 19.34, 6 p.c 190,000 00 190,000 00 190,000 00
Linton Apartments, Ltd., 1st mtge., 1932,
5 p.c 95,000 00 95,000 00 83,600 00
National Ice and Cold Storage Co. of Califor-
nia, 1st mtge., 1942, 6 p.c 567,020 00 515,983 08 533,562 80
National Wood Products Co., 1st mtge., 1925 | f 183,680 GO
to 19.34, 6 p.c .328,000 001 ]
NationalWood Products Co., 1st mtge., 1395 J- 452,593 07 -j
to 1939, 6 p.c 375,000 00] ( 210,000 00
New York Steam Co., 1941, 6 p.c 1,896,000 00 1,358,200 00 379,200 00
New York Steam Co., 1921, 6 p.c 50,000 00 49,500 00 49,500 00
New Y'ork. Steam Co., 1921, 7 p.c 5,174 87 5,174 87 5,174 87
New York City District Realty Corpn., 1938,
5 p.c 1,342,000 00 1,374,541 85 7.38,100 00
Price Bros, and Co., Ltd., 1st mtge., 1940, 5
p.c 20,050 67 16,547 98 17,444 10
Royal Mortgage Bank of Norway, by drawing,
31 p.c 40,110 00 34,269 86 33,29130
Three Rivers Gas Co., 1st mtge., 1936, 5 p.c. 10,000 00 10,000 00 10,000 00
Union Water Development Co., 1936, 7 p.c... 579,000 00 521,373 12 521.100 00
Valpey Co., Istmtge., 1921, 6 p.c 18,000 00 16,960 00 18,000 00
Western Timber Corpn., Ltd., 1st mtge., 1925,
6 p.c 350,000 00 344,569 29 315,000 00
$7,090,011 14 S6,175,804 12 §4,469,017 80
Held Jor Sick Benefit Fund.
Buffalo Realty Co., Istmtge., 1922, 6 p.c S 95,000 00 $ 95,000 00 -S 95,000 00
816,313.927 42 $13,973,120 87 $11,472,396 61
LIFE INSURANCE COMPANIES
503
SESSIONAL PAPER No. 8
The Independent Order of Foresters — Concluded.
Schedule D.
No. of
Stocks — Shares.
Home and Foreign Securities Co., Tor-
onto 1,000
Royal Bank of Canada 45
Standard Bank of Canada 214
Union Trust Co. Toronto ._ 783
Chicago Suburban Gas and Electric Co.
(Preferred) 1,516
Chicago Suburban Gas and Electric
Co. (Common) 835
York Security Co 60
Cutler Mail Chute Co., Rochester, N.Y.,
Rochester, N.Y. (Common) 432
Investment Registry Limited, London,
Eng. (Preferred) 1,000
Par
Value.
100,000 00
4,500 00
21,400 00
78,300 00
Book
Value.
S 125,000 00
6,732 78
45,688 00
129,195 00
151,600 00 121,280 00
Depart-
ment's
Value. '
80,000 00
8,7.30 00
42,800 00
109,620 00
45,480 00
6,000 00
3,000 00
3,000 00
43,200 00
29,133 12
29,133 12
4,866 66
4,866 66
4,866 66
$ 493,366 66
$ 474,915 56
$ 323,629 78
Inaddition to the assets shown in Schedules C and D, the Society holds as a contingent fund certain
stocks and bonds which have been for the most part acquired in connection with, or as a result of the
readjustmert of other securities and to which it is impossible to assign market values at the present time.
Schedule E.
Cash in banks —
Standard Bank, Toronto, Ont •. $ 65,533 50
Royal Bank, Toronto, Ont 1,874 91
First and Old Detroit National Bank, Detroit, Mich 5,854 43
Guaranty Trust Co., New York, N.Y 96,153 79
National Bank, London, England 57,273 44
Centralbanken, Norway 14, 483 37
Roskilde Bank, Roskilde, Denmark 7, 620 56
Bank of New South Wales, Melbourne, Australia 3,816 77
Bank of New South Wales, Adelaide, Australia 2,632 03
S 255,242 80
504 DEPARTMEXT OF lySlRAyCE
11 GEORGE V, A. 19ST
JEWISH NATIONAL WORKERS' ALLIANCE OF AMERICA.
Statement for the Year ending December 31, 1920
President, David Pinski— Vice-President, Israil Applebaum — Secretary, Meyer L. Brown —
Actuary, Miles M. Dawson — Head Office, 153 East Broadway, New York.
General Executive
Samuel Goldstein, Isidore Berkenblith, I. A. Hourwitch, R. Merlis, P. L. Meltzer, S. Siegel,
U. Zwirin, J. Zelitch.
(Organized or incorporated March 29, 1912 under Laws of ^» .Y. Commenced business
.Jan. 6, 1913. Commenced business in Canada in September, 1919).
ASSETS IN CANADA (All Funds)
Ledccr Assets.
Held solely jcr the Protection of Canadian Members.
Market value of bonds, debentures and debenture stocks owned by the Society on deposit with
the Receiver General, (United States of America Liberty Loan, far value SIO.OOO). S 10,000 00
Other Ledyer Assets.
Cash in Bank of Montreal 6,611 77
Total Ledger Assets $ 16, 611 77
X on-Ledger Assets.
Interest due on bonds and debentures 125 00
Total Assets in Canada S 16, 736 77
LL^BILITIES IN CANADA.
Mortuary Fund —
Liability under contracts in force for payments not due (Reserve) S 6,969 00
Sickness Fund —
Liability under contracts in force for payments not due (Reserve) S 1,590 27
Liability for unadjusted payments due under contracts: —
Issued after License 186 00
1,776 27
Total Liabilities in Canada $ 8,745 27
INCOME IN CANADA.
Mortuary Fund —
Premiums S ■ 1,504 16
Sickness Fund —
Premiums 1, 195 37
General Expense Fund —
From members: —
Per capita and special assessments including initiation fees S 2,774 78
1st year membership assessments 1 , 016 70
3,791 48
From other sources —
Contributions and donations 1,314 71
Total Income in Canada S 7.805 72
DLSBURSEMENIS IN CANADA.
Mortuary Fund —
Death claims S 250 00
Exchange 0 02
S 250 02
Sickness Fund —
Sickness claims S 834 00
Fxchange 0 02
834 02
Total disbursements in respect of membership certiflcates S 1,084 C4
General Expense Fund-
Head office travelling expenses $ 54 79
Agency and organization expenses: — Commissions 125 lo
All other expen.ses:— Legal fees, §171 .90.; office furniture, S7.47 179 37
359 91
Total Disbursements in Canada S 1,443 95
LIFE INSURANCE COMPANIES 505
SESSIONAL PAPER No, 8
Jewish National Workers' Alliance — Continued
EXHIBIT OF CERTIFICATES.
Whole Life.
Classification.
Since date of
license.
Prior to date of
license.
No.
Amount.
No.
Amount.
At end of 1919
$
67
$
30 OOO
New issued .
600
215,900
Totals
Less ceased by: —
Death ' .
600
215,900
67
30,000
1
250
At end of 1920
599
215,650
67
30,000'
EXHIBIT OF SICKNESS CERTIFICAIES.
In force December 31, 1919.
New issued during 1920
67
600
In force December 31, 1920
Sickness benefit in 3 classes: $3,
667
), and $12 for a period of 12 weeks.
MISCELLANEOUS STATEMENT.
I. The Society carries on business in Canada and in the following states of the United States — New
York, New Jersey, Illinois, Maine, Maryland, Minnesota, Ohio, Pennsylvania and Massachusetts.
II. Reinstatement by medical re-examination and payment of dues due.
III. Extended or paid up insurance after two years of membership in all.
IV. All members entitled to share in the distribution of any surplus. None made during preceding
five years.
General Business St.\tement for the Year ending December 31, 1920.
Mortuary
Funds.
Eisability
Funds.
Contingency
P'unds.
Expense
Funds.
Totals.
Balance from previous year
$ cts.
74,522 19
$ cts.
30,421 55
$ cts.
654 87
$ cts.
3,985 62
$ cts.
109,584 23
Income.
17,853 88
3,080 32
13,661 21
978 86
27,619 77
153 17
558 10
59,134 86
Gross interest, dividends and rents
4,212 35
13,889 57
14,447 67
20,934 20
14,640 07
13,889 57
28,331 04
77,794 88
Disbursements.
5,450 00
13,175 00
18,625 00
Commissions, fees, salaries and other
compensation of officials and employees
13,324 43
1,679 88
235 00
1,161 50
350 00
9,311 96
5,000 00
83 33
252 32
150 00
13,324 43
1,679 88
235 00
Rent
1,161 50
350 00
1,258 37
10,570 33
5,000 00
Interest on borrowed money ....
83 33
0-02
0 02
252 36
Gross loss on sale or maturity of ledger
assets
500 00
650 00
Total disbursements .
....5,450 02
13,175 02
1,758 37
31,548 42
51,931 83
Balance
90,006 37
31,886 60
12,786 07
768 24
135,447 28
506 DEPARTMENT OF IXSVRAXCE
11 GEORGE V, A. 1921
Jewish National Workers' Alliance — Continued
LEDGER ASSETS.
Mortgage loans on real estate, first liens $ 18,000 OO
Book value of bonds and stocks 37' 264 79
Cash on hand, in trust companies and in banks 30,' 154 99
Other ledger assets ' 27 50
1 otal ledger assets % 135, 447 28
NON-LEDGER ASSETS.
Total interest and rents, due and accrued 1,359 18
Assessments actually collected but not yet turned over to Supreme Lodge 2.263 91
Gross assets § 139,070 37
Deduct assets not admitted 2,855 74
Total admitted assets $ 136,214 63
LIABILITIES.
Liability under contracts in force for payments not due (Reserve) —
Mortuary Funi $ 47,361 00
Sickness Fun 1 18,121 60
Accrued claims, Mortuary Fund 47, 300 17
Total sick and accident claims '. ' 678 00
All other liabilities 555 08
Total liabilities .? 114,015 85
EXHIBIT OF CERTIFICATES.
Number Amount.
In force at beginning of year 5,-542 S 1,826 250
Written 1,110 396,500
Increased 10,000
Totals 6,652 § 2,232,750
Terminated by —
Death 16 § 4,450
Lapse 931 275,450
Total terminated 947 % 279, 900
In force at end of year 5,705 $ 1,952,850
SUMMARY OF THE REPORT OF THE ACTUARY
made in accordance with the requirements of Section 112 of the Insurance Act, 1917 (1919 Amendment
affecting Friendly Societies).
The Report was made by Mr. Miles M. Dawson, of New York City, Fellow of the Actuarial Society
of America, and Fellow of the Institute of Actuaries of Great Britain.
The rate of interest earned on the mean net ledger assets of the Society during 1920 was 4.32%.
Provision is made for expenses apart from the contributions to the Benefit Funds of the Society.
Mortuary Funi.
The valuation was made from tables of reserves on the American Experience 4% modified preliminary
term bases, the mean between successive terminal reserves being used. The age at entry is age nearest
birthday. The mortality experienced is within the expected by the Table used in valuation.
On discontinuance of premium payment, extended insurance for the full amount or paid up insurance
for a reduced amount is granted, but not exceeding in value the reserve made in the valuation.
No provision is made to cover liability to reinstatement of lapsed memberships; reinstatement may
only take place with the consent of the Society.
Summary of Actuarial Valuation.
American
Description of Certificates. Amount Experience
Assured. 4% Reserve
\\ hole Life % 1,071,700 S 45,630
20 Pay Life 99,000 311
15 Pay Life 48, 100 286
Extended Insurance 134,050 1, 134
Totals $ 1,952,850 S 47,361
LIFE INSURANCE COMPANIES 507
-SESSIONAL PAPER No. 8
Jewish National Workers' AlJjIance— Concluded.
Summary Balance Sheet (Mortuary Fund).
Assets. Liabilities.
Funds applicable to benefits $ 1.35,473 89 Reserve as above $ 47, 361 00
Accrued liabilitie.s 47,300 17
Surplus 40,812 72
Total $ 13.5,473 89 Total •? 135,473 89
Sickness Fund.
In addition to the ordinary weekly sickness benefit payable for not more than 12 weeks in any one
year, the Society grants a special tuberculosis benefit. The valuation was based on the sickness (with
-appropriate adaptations^ and mortality experience of the "Workmen's Sick and Death Benefit Fund
of New York City," and 4% interest.
Summary Balance Sheet.
Assets. Liabilities.
Funds applicable to benefits $ 31,886 60 Value of future benefits $ 322,5.52 23
Value of future assessments 304, 430 63 Accrued liabilities 678 00
Surplus 13, 087 00
Total $ 336,317 23 Total $ 336,31723
In respect of the Mortuary Fund and the Sickness Fund, separately, the Actuary certifies that in his
opinion the reserve shown by the above valuation together with the premiums, dues and other contribu-
tions to be thereafter received from the members according to the scales in force at the date of valuation,
is sufficient to provide for the payment at maturity of all the obligations of the Fund without deduction
•or abatement.
Canadian Business.
Valuation Summary (Mortuary Business).
Amount
Description of Certificates. Assured. *Reserve.
Whole Life issued prior to 1920 $ 111,350 $ 4,110
Issued in 1920:—
Whole Life 48,300 804
20 Pay Life 40, 500 875
15 Pay Life 45, 500 1 , 180
Totals $ 245,650 $ 6,969
Valuation Summary (Sickness Business).
Value of future benefits, $46,826.77; value of future assessments, $45,236.50; reserve required,
11,590.27.
Note by Department: — The Society first obtained a Dominion License, October 11, 1920, and by
virtue of the provisions of the Insurance Act maintains a deposit with the Receiver General of Canada in
respect of members admitted since that date equal to the N.I .C. 4% net level premium reserve in respect
of certificates in force issued since date of license. The deposit must not, however, in any case be less
than $10,000. The amount of deposit as at 31 December, 1920, was $10,000.
*The whole of the Canadian certificates were valued as subject to the deposit requirements.
508 DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
KNIGHTS OF COLUMBUS.
Statement for the Year endixg December 31, 1920.
President, .James A. Flaherty — -Vice-President, Martin H. Carmody — Secretary, Wm. J*
McGinley — Head Office. 9.56 Chapel St., New Haven, Conn. — Consulting Actuaries^
Fackler and Fackler, New York City.
(Organized or incorporated by General Assembly of Connecticut. March 29, 1882. Commenced
business in Canada, November 25, 1897.)
ASSETS IN CANADA (All Funds).
Ledger Assets.
Held solely for the protection of Canadian Members.
Market value of bonds, debentures and debenture stocks owned by the Society on deposit
with the Receiver General (Dom. of Canada Victory Loan, par value, §10,200) S 9,894 00'
Other Ledger Assets.
Amount secured by the Society's policies in force, the reserve on each policy being in excess
of all indebtedness 258 00
Cash in Home Bank, Toronto, $11,643.45; in Bank of Montreal, Montreal, $7,932.74 19,576 19
Total Ledger Assets $ 29,728 19-
Non-Ledger Assets.
Interest accrued on —
Bonds and debentures $ 233 75
Bank balances 50 47
$ 284 22
Premiums, contributions, etc., due —
Mortuary Fund $ 2, 483 70
General Expense Fund 368 33
2,852 03
Total Non-Ledger Assets $ 3, 136 25
Total Assets in Canada $ 32,864 44
LIABILITIES IN CANADA.
Mortuary Fund —
Liability under contracts in force for payments not due (Reserve) $ 252,918 00'
Liability for unadjusted payments due under contracts — Issued before license 4,000 00
Total LiabUities in Canada $ 256,918 00
LIFE INSURANCE COMPANIES
509
SESSIONAL PAPER No. 8
Knights of Columbus — Continued.
INCOME IN CANADA.
Hortuary Fund —
Premiums S 73, 979 12
Interest, dividends and rents 588 54
•General Expense Fund —
From members $* 35,864 64
From other sources: interest on bank balances 38 84
Total Income in Canada
DISBURSEMENTS IN CANADA.
S 74,567 66
35,903 48
S 110,471 14
Mortuary Fund^
Death claims ' . § 37, 850 00
General Expense Fund —
Delegates to Supreme Convention Meeting, $6,741; meetings of committees, $2,065. .58;
meetings of Board of Directors, $893.03; deputies' travelling expenses, $5,608.40; Insur-
ance Department fees, $525 15 833 01
Total Disbursements in Canada $ ,53,683 01
EXHIBIT OF CERTIFICATES AS AT DECEMBER 31 1920.
Since date of license —
Prior to date of license .
Number.
1,.392
3,766
Amount
$ 1,741 000
4,360,750
5,158 $ 6,101,750
All the Society's Canadian business is renewal term insurance to age 55 with reserve to reduce level
rate after that year.
MISCELLANEOUS STATEMENT.
I. The Society carries on business in
Alabama
Alaska
Arizona
Arkansas
California
Colorado
Connecticut
Cuba
District of Columbia
Delaware
Florida
Georgia
Idaho
Illinois
Indiana
Iowa
Kansas
Kentucky
Louisiana
Maine
II
Canada and in the following
M aryland
Massachusetts
Mexico
Michigan
Minnesota
Mississippi
Missouri
Montana
Nebraska
Nevada
Newfoundland
New Hampshire
New Jersey
New Mexico
New York
North Carolina
North Dakota
Ohio
Oklahomia
Oregon
states and countries:
Panama
Pennsylvania
Philippine Islands
Porto Rico
Rhode Island
South Carolina
South Dakota
Tennessee
Texas
Utah
Vermont
Virginia
Washington
West Virginia
Wisconsin
Wyoming
Suspended insured members applying for reinstatement within three months of suspension may be
reinstated by simply paying amount due. If application for reinstatement is made after expira-
tion of three months from date of suspension, a majority vote of the subordinate council and
new medical examination are required in addition. Members suspended more than one year
are not allowed to reinstate.
III. Only members on level rates and who have reached age 57 are entitled to benefits upon discontinu-
ance of assessment payments. Such members may secure certificate for reduced amount or for
temporary extended insurance. These are granted after payment for at least two years on
Regular Level Fifteen Year Plan, or at least three years on other level rates.
IV. The only distribution of surplus funds of the Society is by the waiving of regular death benefit
assessments. When an assessment is waived all classes of insurance members are affected.
During the last five years the following insurance assessments have been waived: July and
December, 1916.
♦Includes receipts from Insurance and Non-Insurance, or so-called associate, members.
510 DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921-
Knights of Columbus — Continued.
General Business Statement for the Year ending December 31, 1920.
Mortuary
Funds.
Reserve
Funds.
Building
Fund.
Expense
Funds.
Totals.
Balance from previous year . . .
$ cts.
50,000 00
$ cts.
9,494,893 60
$ cts.
$ cts.
15,119 59
$ cts.
9,560,013 19
Income —
Net amount received from
2,646,173 98
2,858 53
644,427 29
2,544 95
64,560 04
3,290,601 27
419,234 52
65,314 89
15 849 58
Gross interest, dividends and
413,465 65
365 39
754 85
Gross increase by adjustment
in book value of ledger
15,849 58
Total income
2,649,032 51
429,315 23
1,120 24
711,532 28
3,791,000 26
Disbursements —
1,256,470 82
1,256,470 82
154,828 51
Fees, salaries and other com-
pensation of officials and
154,828 51
16,838 70
1,537 00
4,609 96
13,190 81
16,838 70
1,537 00
Rent
4,609 96
13,190 81
Taxes, repairs and other ex-
368 67
368 67
500,774 46
500,774 46
Gross decrease by adjustment
in book value of ledger
3,502 44
3,502 44
Total disbursements. .
1,256,470 82
3,502 44
368 67
691,779 44
1,952,121 37
Balance before transfers
1,442,561 69
9,920,706 39
1,382,402 14
751 57
34,872 43
11,398,892 08
1,382,402 14
Balance
1,442,561 69
1,382,402 14
11,303,108 53
751 57
34,872 43
12,781,294 22
1,382,402 14
Balance
60, 159 55
11,303,108 53
751 57
34,872 43
11,398,892 08.
LEDGER ASSETS.
Book value of real estate
Mortgage loans on real estate, first liens
Book value of bonds
Cash on hand, in trust companies and in banks.
145,000 00
552,750 00
10,382,752 80
318,389 28
Total ledger assets $ 11,398,892 08
NON-LEDGER ASSETS.
Total interest and rents, due and accrued
Assessments actually collected but not yet turned over to Supreme Lodge.
Assessment credit liens
Due from subordinate councils
146,009 ea
82,110 91
22,032 65
17,877 4&
Gross assets $ 11,666,922 73
Deduct assets not admitted 39, 134 24
Total admitted assets $ 11,627,788 4&
LIFE INSURANCE COMPANIES 51^
SESSIONAL PAPER No. 8
Knights of Columbus — Coniinued.
LIABILITIES.
Liability under contracts in force for payments not due (Reserve) $ 9, 004, 404 GO
Total death claims 190, 762 86
Salaries, rents, expenses, commissions, etc., due or accrued (estimated) 15, 000 00
Total liabilities- $ 9, 210, 166 86
EXHIBIT OF CERTIFICATES.
Number. Amount.
In force at beginning of year 165, 421 $ 176, 766, 562 .33
Written 44, 105 48, 140, 000 00
Totals 209, 526 $ 224, 906, 562 33
Terminated by —
Death 1,178 $ 1,250,120 00
Lapse 5,989 6,400,9.50 00
Decrease .30, 982 00
Total terminated 7, 167 S 7, 682, 052 00
In force at end of year 202, 359 $ 217, 224, 510 33
SUMMARY OF THE REPORT OF THE ACTUARIES
made in accordance with the requirements of Section 112 of the Insurance Act, 1917 (1919 Amendment
affecting Friendly Societies).
The Report was made by Messrs. Fackler and Fackler, Consulting Actuaries, New York City.
The Order transacts mortuary business only and issues one form of certificate, namely, five year
renewable step rate to age 55 with an extra premium collected and accumulated to provide for a reduction
in the level rate for whole life insurance upon attainment of age 55. On attainment of that age the member
has three options: (a) whole life insurance, premiums continuous throughout life; (6) whole life insurance
premiums payable for fifteen years; (c) the Economic Plan, premiums payable to age 70, the insurance
remaining uniform until age 61, after which it decreases by $50.00 per annum to S250 at age 75 and thereafter.
From the nature of the contract the most practical way of valuation is by means of prepared tables of
reserves. These tables were based on the Fraternal American Table, 4 per cent, accumulation method,
nearest ages being assumed from year to year following entry.
The mortality experienced in 1920 was 76-98 per cent of the expected; for the years 1914 to 1920 (includ-
ing influenza and war claims), 99-78 per cent. The interest earned during the year 1920 on the mean net
ledger assets was 4-48 per cent. The valuation bases used are therefore deemed to be safe and proper.
The following is a summary of the valuation — Whole Societj^: —
Number Net
Description of Certificates. of Amount Reserve
Certificates. Assured. Liability.
*Ages attained less than 55 years 190,298 §202,694,000 S6, 469, 500
Ages attained over 55 13,511 14,516,8.50 2,527,708
Reduced paid-up and Extended Term (ages over 57) 44 12, 660 7, 196
Totals 203,853 $217,223,510 $9,004,404
Note: — The reserves above are calculated to provide for the payment of the reduced level rates
applicable at ages over 55.
No provision is made in the valuation for future expenses, as expenses are provided for by assessments
levied on all members of the Society, Associate as well as Insurance members. As at December 31,
1920, there were 202,359 Insured members and 507,930 Associates, making 710,289 in all.
No benefit accrues under membership certificates on discontinuance of premium payment prior to
ages 57 or 58, at which ages reduced paid-up or full extended insurance is granted.
V.\Lu.\TioN Bal.\nce Sheet — MoRTt:.\RY Fund.
Assets. Liabilities.
Funds applicable to M ortuary Reserve liability $ 9 , 004 , 404 00
benefits $11,592,916 06 Accrued claims 190,762 86
Surplus 2, 397, 749 20
Total $11,592,916 06 Total $11,592,916 06
*Including also $105,000 at attained ages 55 to 59 issued prior to 1915 and still on the step rate plan
running to age 60.
612 DEPARTMENT OF INSURANCE
Knights of Columbus — Concluded.
11 GEORGE V, A. 1921
Liens against certificates are allowable only beyond age 55 and then only in payment of assessments
falling due and in no case in excess of the reserve maintained. The release of reserves on account of current
lapses is more than sufficient to cover the reserves on reinstated certificates, and, therefore, no reserve is
necessary to cover the liability to reinstatement.
Degree of solvency, 126-08 per cent.
The actuaries certify that in their opinion the reserve shown above, together with the premiums to
be received from members according to the scales in force at the date of valuation, is sufficient to provide
for the payment at maturity of all obligations of the fund without deduction or abatement.
Canadian Business.
The Society first commenced business in the United States in 1882, and in Canada in 1897. The
average attained age of Canadian members must therefore bo less than for the whole Society, and the
proportion of the business still on the step rate plan, requiring lower average reserves per $1,000, must be
greater than for the whole Society. The average reserve per $1,000 calculated for the whole Society,
namely $41.45 was assumed to hold also for the whole Canadian business of $6,101,750 giving a reserve of
$252,918.
The business issued in C'anada since January 1, 1920, was all valued for purposes of deposit although a
deposit is reciuired in respect only of business issued since April 15, 1920, the date of license. The valuation
was made on the same bases and on the same principles as the valuation of the business of the whole
Society, the summary being as follows: number of members, 1,392; amount insured, $1,741,000; five-year
step rate reserve, $619; additional accumulation of extra premium to age 55, $3,747; total reserve, $4,366.
Note by Department: — The Society first obtained a Dominion license, April 15, 1920, and by virtue of
the provisions of the Insurance Act they maintain a deposit with the Receiver General of Canada in
respect of members admitted since that date equal to the net level premium reserve in respect of certifi-
cates in force issued since date of license. The deposit must not, however, in any case be less than $10,000.
The amount of deposit as at December 31, 1920, was $10,200.
LIFE INSURANCE COMPANIES 51 3
SESSIONAL PAPER No. 8
SUPREME LODGE KNIGHTS OF PYTHIAS.
Statement for the Year ending December 31, 1920.
President, Harry Wade — Secretary, Walter O. Powers — Consulting Actuary, Col. S. H.
Wolfe — Head Office, Indianapolis, Ind. — Directors, Wm. Ladew, Geo. C. Cabell, Chas.
S. Davis, W. J. Dta^al, W. A. Owen, W. A. O'Neal, E. A. Horton, G. A. Bangs, R. H.
Buck.
(Re-incorporated, June 29, 1894. Commenced business in Canada, Dec, 1877.)
ASSETS IN CANADA.
Ledger Assets.
Held solely for the Protection of Canadian Members.
Market value of bonds, debentures and debenture stocks owned by the Society (For details
see Schedule C); on deposit with the Receiver General, $17,900; with Superintendent of
Insurance, Quebec, $4,050 $ 21,950 00
Other Ledger Assets.
Cash in Royal Bank of Canada, St. Thomas 14,874 67
Total Ledger Assets $ 36,824 67
Non-Ledger Assets.
Interest accrued on bonds and debentures 237 50
Total Assets in Canada $ 37, 062 17
LIABILITIES IN CANADA.
Mortuary Fund — Liability under contracts in force for payments not due (Reserve) $ 103 , 657 80
INCOME IN CANADA..
Mortuary Fund —
Premiums $ 14,168 54
Interest, dividends and rents 19, 589 66
$ 33,758 20
General Expense Fund : — From Members 1 , 933 64
Total Income in Canada $ 35,691 84
DISBURSEMENTS IN CANADA.
Mortuary Fund: — Death claims $ 15,000 00
General Expense Fund:—
Head office expenses: — Director's fees $ 667 86
Agency and organization expenses: — Commissions on collections 805 10
All other expenses: — Medical fees 36 00
1,508 96
Total Disbursements in Canada $ 16, 508 96
8—33*
514
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
Supreme Lodge Knights of Pythias — Continued.
EXHIBIT OF CERTIFICATES.
Classification.
Whole life.
Since date of
license.
Prior to date of
license.
No.
Amount.
No.
Amount.
At end of 1919
$
591
16
14
3
$
691,056
2
4,000
21.000
15,000
2,500
Totals
2
4,000
624
729,556
Less ceased by —
Death
11
4
10
16,000
5,000
17,500
1,543
Transferred from
2
1,500
27
41,543
At end of 1920
2
4,000
597
688,013
MISCELLANEOUS STATEMENT.
I. This Society is licensed in all states of the United States and in Canada and Hawaiian Islands.
II. ^Members are entitled to reinstatement providing payment is made during the following month for
which it is due without other requirements. A medical examination is necessary in addition to the
back payments where the lapse extends for more than 90 days.
III. On all forms of certificates, other than the step rate plan, the Am. Experience 31 per cent reserve
is maintained. In cases where a lapse occurs after 36 months, the reserve is used to purchase "paid-
up" or "extended" insurance.
IV. An annual accounting of the outstanding insurance in force on December 31st of each year is held
and such surplus funds as are found available are distributed to the members entitled thereto by
means of waived payments. One payment has been waived each year since 1908 (except in th'e
year 1912), while two payments were waived in the years 1908, 1909 and 1911.
V. The rate of interest earned during the year on the mean net ledger assets of the whole Society was
slightly in excess of 5 per cent.
VI. An investigation of the mortality of the Society was made some years ago which showed that the
American Experience Table made ample provision for mortality, and valuations have since been
made by the said Table with interest at 85 per cent from tables of reserves prepared on the above
bases according to the level net premium reserve method.
VII. The Valuation Balance Sheet of the Mortuary Fund of the Society as a whole, as at 31 December,
1920, is as follows:
Assets. Liabilities.
Admitted assets $12,376,534 23 Reserve 811,019,868 98
Accrued liabilities 272 , 348 39
Value of unpaid instalments 55, 103 51
Surplus 1,029,213 35
Total $12,376,534 23 Total $12,376,534 23
VIII. The reserve, American Experience 31 per cent, on the whole Canadian Business of the Society is
§103,657.80, and on Canadian Business issued since date of license, $52.57.
IX. Mr. Henry Moir, of New York City, Fellow of the Actuarial Society of America, Fellow of the
Institute of Actuaries of Great Britain, and Fellow of the Faculty of Actuaries of Scotland, certi-
fies to the accuracy of the reserves shown above, to the fitness of the valuation bases used in
determining the condition of the Society from year to j-ear, and that the assets of the Society,
with the premiums to be received according to the scales in force, are sufficient to mature all the
insurance obligations of the Society.
Note by Der artment : The Society first obtained a Domirion License, September 7, 1920, and by
virtue of the 1 rovisions of the Insurance Art maintains a dej osit with the Receiver General of Canada in
res.ect of members admitted since that date equal to the American Fx lerience 35% net level premium,
reserve in respect of certificates in force issued since date of license. The dej osit must not, however in
any case be less than $10,000. The amcunt of dejosit as at 31 Dec. 1920, was $20,000 .
LIFE INSURANCE COMPANIES 515
SESSIONAL PAPER No. 8
Supreme Lodge Knights of Pythias — Continued.
Schedule C.
Bonds and debentures —
On deposit with Receiver General:— Par Value. Market Value,
Canada Victory Loan $ 10,000 00 S 10,000 00
City of St. Boniface, Man 5,000 00 4,000 00
Brandon School, Man 5,000 00 3,900 00
With Superintendent of Insurance, Quebec: Town of Maisonneuve, Que 5, 000 00 4, 050 00
S 25,000 00 $ 21,950 00
General Business Statement for the tear ending December 31, 1920.
Mortuary
Funds.
Disability
Funds.
Expense
Funds.
Totals.
S cts.
10,665,005 26
S cts.
1,570 26
S cts.
344,968 30
S cts.
11 Oil 543 82
Income-
Net amount received from members
Gross interest, dividends and rents
2,413,610 61
558,948 45
1,668 55
338,169 38
14,240 92
96 50
987 45
32 60
2,7.53,448 54
573 189 37
From all other sources
96 50
Gross profit on sale or maturity of ledger
759 51
3,809 20
1,746 9&
3,841 80
Gross increase by adjustment in book
value of ledger assets
Total income
2,977,127 77
1,668 55
.353,526 85
3,332,323 17
Disbursements-
Total benefits paid
1,606,078 15
1,606,078 15 "
294,231 41
6,802 25
1,281 00
6,733 02
1,414 32
230,368 64
1,332 05
13,287 67
Commissions, fees, salaries and other
compensation of officials and em-
ployees •
294,231 41
6,802 25
1,281 00
6,733 02
1,414 32
230,368 64
591 00
39 05
Travelling and other expenses
Insurance Department fees
Rent
Legal expenses
All other disbursements
Gross loss on sale or maturity of ledger
741 05
13,248 62
Gross decrease by adjustment in book
value of ledger assets
Total disbursements
1,620,067 82
541,460 69
2,161,528 51 „
Balance before transfers
12,022,065 21
3,238 81
157,034 46
142,540 38
12,182,3.38 48
142,540 38
Increase by transfers
Balance
Decrease by transfers '
12,022,005 21
142,540 38
3,238 81
299,574 84
12,324,878 86
142,540 38
Balance
11,879,524 83
3,238 81
299,574 84
12,182,338 48
LEDGER ASSETS.
Mortgage loans on real estate, first liens $ 200,000 00
Book value of bonds and stocks 11,295,364 54
Cash on hand, in trust companies and in banks 68,892 32
Other ledger assets 618, 081 62
Total ledger assets $12,182,338 48
5^6 DEPARTMEl^T OF INSURANCE
11 GEORGE V, A. 192t
Supreme Lodge Knights of VYmiAB— Concluded.
NON-LEDGER ASSETS.
, , , J .$ 234,671 10
Total interest and rents due and accrued ^ • • • ■ V';.^'„«.' 41 814 00
Assessments actually collected but not yet turned over to Supreme Lodge ■ ■ • ^^'334 gy
All other assets .
S12,459.158 45
Gross assets g2 624 22
Deduct assets not admitted
Total admitted assets
.§12,376,534 23
LIABILITIES.
....$ 168,292 82
Total death claims .- • •. • • • • ■ • - • • • ;,; ;. ;,„• ^i 35,746 27
Salaries, rents, expenses, commissions, etc., due or accruea 112,978 49
Advance assessments 11,027,064 49
Reserve on certificates 3, 238 81
Disability fund ■
$11,347,320 88
Total liabilities ■
EXHIBIT OF CERTIFICATES. ^^^^^^ ^^^^^^^
76,040 $101,248,894 00
In force at beginning of year 9 495 14, 466, 500 00
Written '.'.'.'.'.'.'.'.'.'.'. '884 1 , 212, 570 00
Revived
Totals.
86,419 $116,927,964 00
Terminated by— ^ qj- g 1,594,892 50
Death.-. 3' 209 4,876,424 00
Lapse 1016 1,345,087 00
Expiry '.'.'.'.'.'.'.'.'.'.'.'. 245,761 50
Decrease
Total terminated
In force at end of year
5,300 $ 8,062,165 00
81,119 $108,865,799 00
LIFE INSURANCE COMPANIES 517
SESSIONAL PAPER No. 8
THE LADIES' CATHOLIC BENEVOLENT ASSOCIATION
Statement for the Year ending December 31, 1920
Supreme President, Miss Kate Mahoney — Supreme Vice-President, Mrs. Mary Connelly —
Supreme Recorder, Mrs. Joanna A. Royer — Supreme Treasurer,
Mrs. Mary E. Costelloe— Head Office, 443 W. Eleventh St., Erie, Penn.
(Organized or incorporated June 28, 1890. Commenced business in Canada, April, 1906.)
ASSETS IN CANADA.
Ledger Assets.
Held solely for the Protection of Canadian Members.
Market value of bonds on deposit with the Receiver General (United States of America
Liberty Loan, par value, $11.000) $ 11,000 00
Non-Ledger Assets.
Interest and dividends, due and accrued 19 44
Total Assets in Canada $ 11,019 44
LIABILITIES IN CANADA.
Mortuary Fund-
Liability under contracts in force for payments not due (Reserve) $ 25, 266 89
INCOME IN CANADA.
Mortuary Fund —
Premiums $ 2,349 14
Interest and dividends 467 51
$ 2,816 65
General Expense Fund —
From members 6, 016 84
Total Income in Canada $ 8,833 49
DISBURSEMENTS IN CANADA.
Mortuary Fund —
Death claims $ 2,500 00
General Expense Fund 751 84
Total Disbursements in Canada $ 3, 251 84
EXHIBIT OF CERTIFICATES.
(Canadian Business, since date of license)
Whole Life.
Number. Amount.
New issued 20 $ 18,000
Old increased 3 1, 500
At end of 1920 23 $ 19,500
518 DEPARTMENT OF INSURANCE
1 - 11 GEORGE V, A. 1921
.1
Ladies' Catholic Benevolent Association — Continued
EXHIBIT OF CERTIFICATES.
(Canadian Business prior to date of license.)
Whole Life.
Number. Amount.
Atendofl919 522 % 408,750
Less ceased by: —
Death 4 $ 2,500
Lapse 24 15, 500
Decrease 3 3,000
Totalceased 31 S 21,000
At end of 1920 491 $ 387, 750
MISCELLANEOUS STATEMENT.
I. The Society carries on business in Canada, and in the following states of the United States: — New
York, Pennsylvania, Ohio, Illinois, Massachusetts, New Jersey, Michigan, Connecticut, Kansas, Missouri,
Colorado, Indiana, Montana, California, Kentucky, New Hampshire, Rhode Island, Washington, Minne-
sota, Vermont, West Virginia, Louisiana, Nebraska, Virginia, Wisconsin, Delaware, District of
Columbia.
II. If a member discontinues premium payments reinstatement may be effected at any time within
three months on payment of th» indebtedness; otherwise, at the end of three months, the member be-
c omes expelled, and thereafter may re-enter only as a new member.
III. Except as above indicated, members have no rights after discontinuance of premium payments.
IX. There has been never any surplus for distribution.
Genehal Business Statement for the Year ending December 31, 1920.
Mortuary
Funds.
Reserve
Funds.
Surplus
Benefit.
Expense
Funds.
Totals.
$ cts.
16,910 15
$ cts.
3,935,967 60
$ cts.
14,051 16
S cts.
458,729 75
% cts.
4,425,658 66
Income.
1,422,514 45
4,570 72
74,979 36
176,720 87
824,538 17
26, 192 68
27,683 70
2,322,031 98
Gross interest, dividends and rents
2,244 60
209,728 87
27,683 70
Total income
1,427,085 17
251,700 23
2,244 60
878,414 55
2,559,444 55
Disbursements.
1,515,569 50
1,515,569 50
•Commissions, fees, salaries and other
compensation of officials and employees
64,040 48
10,379 35
861 42
1,495 00
796 52
47,802 19
64,040 48
10,379 35
861 42
Rent
1,495 00
796 52
47,802 19
Gross loss on sale or maturity of ledger
1,407 79
799 44
2,207 23
Total disbursements
1,515,569 50
1,407 79
799 44
125,374 96
1,643,151 69
—71,574 IS
242,800 00
4,186,260 04
15,496 32
143,181 67
1,211,769 34
5,341,951 52
385,981 67
171,225 82
4,186,260 04
158,677 99
1,211,769 34
385,981 67
5,727,933 19
385,981 67
Balance
171,225 82
4,186,260 04
158,677 99
825,787 67
5,341,951 52
LIFE INSURANCE COMPANIES 519
SESSIONAL PAPER No. 8
Ladies' Catholic Benevolent Association — Continued
LEDGER ASSETS.
Mortgage loans on real estate, first liens $ 1,048,555 00
Book value of bonds and stocks 3,524,675 53
Cash on hand, in trust companies and in banks 768, 720 99
Total ledger assets $ 5, 341 , 951 52
NON-LEDGER ASSETS.
Total interest and rents due and accrued 49, 488 33
Assessments actually collected but not yet turned over to Supreme Lodge 200,480 20
All other assets 77,950 00
Gross assets $ 5,669,870 05
Deduct assets not admitted 104, 757 03
Total admitted assets $ 5, 565, 113 02
LIABILITIES.
Liability under contracts in force for payments not due (Reserve) $19,938, 339.24
Total death claims 159,285 73
Salaries, rents, expenses, commissions, etc., due or accrued 3,483 34
Totalliabilities $20,101,108 31
EXHIBIT OF CERTIFICATES.
Number Amount.
In force at beginning of year 130,688 $ 106,674,250
Written 3,561 2,251,250
Increased 454, 000
Totals 134,249 $ 109,379,500
Terminated by: —
Death 1,890 $ 1,640,750
Lapse 11,336 9, 115,750
Decrease 811 , 500
Total terminated 13,226 $ 11,568,000
In force at end of year 121,023 $ 97,811,500
SUMMARY OF THE REPORT OF THE ACTUARY
made in accordance with the requirements of Section 112 of the Insurance Act, 1917 (1910 Amend-
ment affecting Friendly Societies).
The Report was made by Mr. Mervyn Davis of New York City, Fellow of the Actuarial Society
of America, and Associate of the Institute of Actuaries of Great Britain.
The Society grants death benefits only. No withdrawal equities are allowed. As at August 1, 1917, a
new table of rates was adopted for new members and there was established for their protection a Special
Surplus Benefit Fund to which is carried annually the amount shown by a valuation to be the required
accumulation to maintain the contributions of members level and uniform, and in addition an amount
at least equal to 10 per cent of the required accumulation to provide against emergencies. Contributions
are first carried to the Expense Fund, and monthly there is carried therefrom to the Mortuary Fund, an
amount sufficient to meet maturing claims in respect of new rate members, and annually there is carried
to the Special Surplus Benefit Fund amounts ascertained as above. In view of the contemplated readjust-
ment of "Old Rate" business, (prior to August 1, 1917), it was decided, as at the end of 1920, in order to
properly preserve the equities of the "New Rate" members to set aside for their benefit an additional
Special Emergency Reserve of $100,000.
Investigations into the mortality experienced shows that the N.F.C. Table is safe for the valuation
of both old and new business. The rate of interest earned during 1920 on the mean net ledger assets was
4.56%. Consequently, the valuation bases used were N.F.C. 4%.
The New Rate business is on the full preliminary term basis, and the valuation was made accordingly
from prepared tables of reserves. The mortuary assessments are, however, somewhat in excess of the
full preliminary term.
The valuation of the Old Rate business was made by deducting the value of the future premiums
from the value of the sums assured.
520 DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
Ladies' Catholic Benevolent Association — Concliuled
Valuation Balance Sheets, as at 31 Dbcembek, 1920.
(a) Business issued since 31 July, 1917. (Whole Society).
Assets. Liabilities.
Admitted assets credited to "New Net reserve $ 457,618 56
Rate" business $ 623,380 42 Special emergency reserve 100,000 00
Other liabilities 20, 000 00
Surplus (10% of net reserve) 45, 761 86
Total $ 623,380 42 Total $ 623,380 42
This section of the business is solvent.
(5) Business issued prior to August 1, 1917. (Whole Society).
Assets. Liabilities.
Admitted assets available for "Old Present value of insurance benefits. $28, 047, 895 43
Rate "bu.siness $ 4,496,262 69 Other liabilities 139,285 73
Present value of premiums 8,567, 174 75
Deficiency 15, 123, 743 72
Total $28,187,181 16 Total $28,187,181 16
Degree of solvency, 46-35%.
Summary of Actuarial Valuation (Whole Socieiy) as at 31 December, 1920.
Value of Value
Description of Certificates Amount Amount of
Assured. Assured. Premiums. Reserve.
"New Rate***""
Ordinary Life $32,989,750 00 $ $ $ *457,324 23
Term to 70 57,750 00 *222 91
Term to 60 46,250 00 *71 42
$33,093,750 00 $ $ $ 457,618 56
"Old Rate"—
OrdinaryLife 56,923,000 00 28,047,895 43 8,567,174 75 19,480,720 68
Totals $90,016,750 00 $19,938,339 24
Note. — Total 1920 issue, excluded from the valuation under the preliminary term method,
$7,794,750, making the total assured $97,811,500.
The actuary certifies that, in his opinion ,the reserve shown by the above valuation summary, together
with the premiums, dues and other contributions to be received from the members according to the
scales in force at the date of valuation, is sufficient to provide for the payment at maturity of all the
obligations of the Mortuary Fund without deduction or abatement.
The net available assets falls short of the required reserve as shown above by $14,977,981.86.
A plan for the readjustment of the "Old Rate" business is under consideration.
Canadian Business.
(o) The whole Canadian Business.
Amount
Description of Certificates. Assured. Reserve.
New Rate-Ordinary Life $ 317,750 00 $ 3,966 21
Old Rate— Ordinary Life 89,500 00 21,300 68
. Totals $ 407,250 00 $ 25,266 89
(b) Canadian Business since date of license. (1 January, 1920).
N. F. C. 4% net level premium reserve $ 203 00
Note by Department: The Society first obtained a Dominion License, January 1, 1920, and by
virtue of the provisions of the Insurance Act, they maintain a deposit with the Receiver General of
Canada in respect of members admitted since that date equal to the net level premium reserve in respect
of certificates in force issued since date of license. The deposit must not, however, in any case be less
than $10,000. The amount of deposit as at December 31, 1920 was $11,000.
*Computed from tables of reserves.
LIFE INSURANCE COMPANIES 521
SESSIONAL PAPER No. 8
THE MACCABEES
Statement for the Year ending December 31, 1920.
Supreme Commander, D. P. Market — Supreme Record Keeper, Thomas Watson — Head
Office, 5065 Woodward Ave., Detroit, Mich.
(Organized, September 1, 1883, Incorporated September 11,1885. Commenced business in Canada
1884, Dominion License issued, January, 1920).
ASSETS IN CANADA (All Funds).
Ledger Assets.
Held solely for the Protection of Canadian Members.
Market value of bonds, debentures and debenture stocks owned by the Society on deposit
with the Receiver General, (Manitoba Debentures, par value, $12,000) $ 10,800 00
Other Ledger Assets. ,
Amount secured by the Society's policies in force, the reserve on each policy being in
excess of all indebtedness 153,968 28
Cash in Bank of Toronto, Toronto 23,246 70
Total Ledger Assets $ 188, 014 98
Non-Ledger Assets.
Interest accrued on —
Bonds and debentures '. $ 80 00
Other assets 67 45
Premiums, contributions, etc., due —
Mortuarv Fund $ 15,287 91
Sickness Fund 1,350 85
General Expense Fund 10,230 70
147 45
26,869 46
Total Non-Ledger Assets $ 27,016 91
Total Assets in Canada S 215,031 89
LIABILITIES IN CANADA.
Mortuary Fund^
Liability under contracts in force for' payments not due (Reserve) $1,924,713 00
Liability for unadjusted payments due under contracts —
Issued before license 5, 850 00
Provision for unreported claims 9, 000 00
Premiums received in advance 14, 166 67
S 1,953,729 67
Sickness Fund —
Liability under contracts in force for payments not due (Reserve) $ * Nil
Liability for payments due under contracts —
Issued Issued
before after
license. license.
Unadjusted $ 1,83185 $ 1,035 61
Resisted 472 33
Totals $ 2,304 18 $ 1,035 61
3,339 79
Premiums received in advance 466 40
3,806 19
General Expense Fund —
Received in advance of due date: per capita tax 960 00
Total Liabilities in Canada S 1,958,495 86
*The sickness benefits are reduced to one-half at ages over 60. The contract is subject to cancellatioa
at any time and, therefore, no reserve liability is maintained.
522 DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
The Maccabees — Continued.
INCOME IN CANADA.
Mortuary Fund —
Premiums S 183,354 92
Interest, dividends and rents 627 18
$ 183,982 10
Sickness Fund —
Premiums $ 16,210 20
Interest, dividends and rents 90 98
16,301 18
General Expense Fund —
From members $ 122,.768 40
From other sources : Interest 179 82
122,948 22
Total Income in Canada $ 323 , 231 50
DISBURSEMENTS IN CANADA.
Mortuary Fund —
Death claims $ 199,954 66
Disability claims 26, 694 24
$ 226,648 90
Sickness Fund —
Sickness claims $ 15,225 07
Funeral claims 1 , 150 00
16,375 07
Total disbursements in respect of membersliip certificates $ 243 , 023 97
General Expense Fund —
Agency and organization expenses: — Commissions 88,319 03
Total Disbursements in Canada $ 331, 343 00
EXHIBIT OF ANNUITIES.
Classification.
Arising out of
Life Assurance
Contracts.
Disability
Annuities.
No.
Annual
Payment.
At end of 1919
143
38
$ cts.
21,427 37
New issued
4 006 48
Totals
181
25,433 85
Less ceased by: —
Death
10
11
13
1,650 00
Expiry
2,250 00
Recovery from disability
1,700 00
Total ceased
34
5 600 00
At end of 1920
147
19,833 85
LIFE INSURANCE COMPANIES
523
.SESSIONAL PAPER No. 8
The Maccabees — Continued
EXHIBIT OF CERTIFICATES.
Whole life.
Classification.
Since date of license.
Prior to date of
license.
No.
Amount.
No.
Amount.
At end of 1919
•S cts.
10,583
$ cts.
10,601,500 00
542
504,000 00
18
13
17,000 00
Recovered from disability
10,050 00
2,656
2,832,250 00
Totals
3,198
3,336,250 00
10,614
10,628,550 00
Less ceased by: —
Death
14
177
13,000 00
149,000 00
151
778
2,656
188,375 00
Lapse
434,175 00
Transferred from
2,832,250 00
191
162,000 00
3,585
3,454,800 00
At end of 1920
3,007
3,174,250 00
7,029
7,173,750 00
EXHIBIT OF SICKNESS CERTIFICATES.
In force December 31, 1919 2,683
New issued during 1920 850
Total 3 , 533
Terminated during 1920 by: —
Death
Lapse
Cancelled
Total terminated 466
In force December 31, 1920 3,067
23
427
16
The Sickness and Accident certificate of the Maccabees provides for benefits for sickness of from one
day to eight months in case sickness confines to the house and from one day to twenty-four months for
total disability from accident; pays double indemnity if member is injured while riding on passenger
conveyance propelled by steam or electricity; monthly benefits for sickness or accident up to $120.00 per
month according to premium and occupation.
MISCELLANEOUS STATEMENT.
I. The Society carries on business in Canada and Alaska and in the following states of the United
States: Alabama, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia,
Florida, Georgia, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massa-
chusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire,
New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Penn-
sylvania, Rhode Island, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West
Virginia, Wisconsin, Wyoming.
II. Members may reinstate without health certificate within ten days after date of suspension.
After this ten days and before the expiration of three months from date of suspension, member may be
reinstated by furnishing health certificate. Thereafter he must join the Society as a new member except
that if he has extended protection under the 20 Pay or Whole Life Special certificates, he may restore his
certificate to goo,d standing any time within the period of extension by furnishing evidence of insurability.
III. On 20 Pay and Whole Life Special forms the laws provide paid-up or extended benefits after
three full years of membership if membership be maintained. The amounts and duration are deter-
mined by the reserve less $10.00 per thousand, being used as a single premium at net rates.
IV. There is no provision for participation.
524
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
The Maccabees — Continued
General Business Statement for the Year ending December 31, 1920.
Mortuary
Sick and
Accident
Disability
Relief
No. 1.
Relief
No. 2.
Expense.
Trust.
Patriotic.
Totals.
Corrected balance at be-
$ cts.
13,144,535 49
< cts.
373,082 78
S cts.
436,569 79
$ cts.
511 89
S cts.
38,467 15
$ cts.
13,378 15
$ cts.
50,368 11
$ cts.
14,056,913 36
Income.
Net amount received from
members
5,660,879 67
649,824 34
101,219 93
11,160 84
34,714 53
23,386 90
40,494 28
153,654 10
106 86
1028,649 41
2,004 65
6,739 63
540 00
1,149 33
6,979.657,64
688,192 23
Gross interest, dividends,
and rpnts
559 31
6,929 97
54,163 88
Gross profit on sale or ma-
turity of ledger assets
945 20
7,202 91
945 20
Gross increase by adjust-
ment in book value of
282 14
413 67
103 84
8,002 56
Total income
6,318.852 12
112,662 91
99,009 38
153,760 96
1037,497 53
7,489 28
1,689 33
7,730,961 51
Disbursements.
Total benefits paid . ...
5,931,140 48
103,230 53
11,831 22
12,000 00
6,058,202 23 t^
Commissions, fees, salaries
and other compensation
158,321 84
848,285 32
..3,501 95
1,006,607 16
Travelling and other ex-
penses
3,501 95.
2,070 48
3,000 00
7,779 54
4,637 61
129,126 10
2,070 48
Rent
3,000 Oft
Legal expenses
4,689 90
12,469 44
Taxes, repairs and other ex-
4,637 61
41,397 08
634 65
8,331 17
1,076 13
180,565 13
Gross loss on sale or matu-
rity of ledger assets.
35,38107
15,206 46
35,381 07
Gross decrease by adjust-
ment in book value of
248 29
184 60
15,639 35
Total disbursements.. .
5,981,728 01
103,478 82
53,412 90
163,646 39
998,401 00
8,331 17
13,076 13
7,322,074 42 .^
Balance before transfers
Increase by transfers
13,481,659 60
7,670 97
382,266 87
100,000 00
482,166 27
—9,373 54
10,000 00
77,563 68
100,000 00
12,536 26
38,981 31
14,465,800 45
217,670 97
Balance
13,489,330 57
482,266 87
482,166 27
110,000 00
626 46
177,563 68
100,000 00
12,536 26
38,981 31
7,670 97
14,683,471 42
Decrease by transfers
217,670 97
Balance
13,489,330 57
482,266 87
372,166 27
626 46
77,563 68
12,536 26
31,310 34
14,465 800,54
LEDGER ASSETS.
Book value of real estate $ 193,471 50
Book value of bonds and stocks 13,629,458 42
Cash on hand, in trust companies and in banks 642,870 53
Total ledger assets .• $14 , 465, 800 45
NON-LEDGER ASSETS.
Total interest and rents, due and accrued 371 , 784 93
Assessments actually collected but not yet turned over to Supreme Lodge 527, 000 00
All other assets 10, 346,414 26
Gross assets : $25 , 710, 999 64
Deduct assets not admitted 10, 697, 350 35
Total admitted assets $15,013,649 29
LIFE INSURANCE COMPANIES 525
SESSIONAL PAPER No. 8
The Maccabees — Continued.
LIABILITIES.
Liability under contracts in force for payments not due (Reserve) $64,673,956 00
Total death claims 416, 610 42
Total permanent disability claims 1,454,451 78
Total sick and accident claims 15, 113 45
Salaries, rents, expenses, commissions, etc., due and accrued 81,603 08
Advance assessments 85, 000 00
Trust Funds 12,536 26
Total liabilities $66, 739, 270 99
EXHIBIT OF CERTIFICATES.
Number Amount.
In force at beginning of year 293, 595 $352,343,547 05
Written 18, 840 20, 365, 500 00
Revived 221 227,071 43
Increased 1 , 301 , 000 00
Totals 312,656 $374,237,118 48
Terminated by: —
Death 4,236 $ 5,461,32198
Lapse 15, 171 19, 765, 528 08
Total terminated 19,407 $ 25,226,850 06
In force at end of year 293, 249 $349, 010, 268 42
SUMMARY OF THE REPORT OF THE ACTUARY
made in accordance with the requirements of Section 112 of the Insurance Act, 1917 (1919 Amend-
ment affecting Friendly Societies).
The report was made by Mr. Mervyn Davis of New York City, Fellow of the Actuarial Society of
America, and Associate of the Institute of Actuaries of Great Britain.
The average rate of interest earned during the year on the mean net ledger assets was 5-05%.
Mortuary Fund.
In 1916 the Society began to issue 20 Payment Life and Whole Life Special, with rates and guaranteed
surrender values based on the American Experience Table, full preliminary term, 4%; and in October,
1919, Straight Whole Life with rates based on the Fraternal Combined Experience Table, full preliminary
term, 4%, but without surrender values prior to age 70; also term to age 45, based on N.F.C. 4%. These
plans are herein designated "New Business"; all other, "Old Business."
A memorandum account has been kept in respect of the "New Business", and it is the intention to
segregate the funds of the two classes.
The age at entry is, in all cases, age last birthday, and the valuation age attained was taken as age
at entry plus mean duration plus oue.
The mortalitj' of the "New Business" classes was found to be well within that provided for by the
tables on which the rates were based, and, therefore, the valuation was made on the same bases as used
in calculating the rates. In respect of the "Old Business", it was found that the mortality under the
Whole Life Plan and certain short term plans had been within the N.F.C. expected, and the valuation
was made on the N.F.C. 4% bases; while under the balance of business the the mortality was found to
be within the American Experience expected, and the valuation was made on the Am 4% bases.
For the valuation of permanent disability benefits. Hunter's rates of disability were used.
The few cases in which negative reserves arose were excluded.
The benefit payable "in the event of loss by accident within ninety daj's from date of the accident,
of one leg, of one arm, of one foot, of one hand, or complete loss of sight of one eye" was taken at 6 cents
per $100.
The option to pay one-half of the certificate upon surrender in event of total and permanent disability
has been neglected, as this value is in general less than that of the certificate if continued.
526
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
The Maccabees — Continued
Summary of Actuarial Valuation.
Mortuary Fund — Whole Society.
Plan oi Certificate.
Number
of
Members.
Amount
Assured.
•Assess-
ments
Payable
monthly.
•Monthly
Assess-
ments
Valued.
Value
of
Benefits.
Value
of
Premiums.
Net
Liability.
Old Business— N.F.C. 4%.
6,508
40,4.58
3, "618
1
7,390,5.50
42,845,737
2,844,360
S
0,835
62,354
8,958
5, 770
59,926
8,958
$
727,114
17,576,607
2,. 542, 940
?
534,883
9,936,462
4.55,428
192 231
Whole Life
7,640,145
2,087,512
Totals
50,584
53,080,647
77,147
74,654
20,846,661
10,926,773
9,919,888
Old Business— American
Experience 4%.
Term Plans to ages 50, 60 and 70.
Whole Life Plans
11,969
64,024
121,346
13,601,500
73,677,387
160,497,152
15,633
81,817
279,297
15,514
78,680
272,334
2,848,132
29,082,893
92,418,290
1,734,194
19,682,187
49,015,437
1,113,938
9,400,706
Term to age 70 wath endowment
43,402,853
Totals
197,339
247,776,039
376,747
366,528
.124,349,315
70,431,818
53,917,497
247.923
.300.856,686
453,894
441,182
145.195.976
81.358,591
63,837,385
New Business— American
Exparience 4%
2,164
11,634
2,338,000
12,199,750
4,435
27,334
4.015
24,872
801,268
3,765,708
451,488
175
767,095
3,511,236
34,173
20 Pav Life
254,472
451,488
8
8,000
175
Totals
13,806
1,087
14,545,750
1,204,750
31,769
2,512
28,887
2,288
5,018,639
413,763
88,062
18,920
4,278,331
405,845
740,308
New Business— Fraternal
Combined Experience 4%.
Whole Life
7,918
88,062
New Business— N.F.C. 4%.
170
276,000
224
145
18,637
283
15,063
16, 026,. 500
34,505
31,320
5,539,384
4,702 813
836,571
Grand Totals
262,986
316,883,186
488,399
472,502
150,735,360
86,061,404
64,673,956
The Actuary certifies that, in his opinion, the reserves shown by the above valuation summary,
together with the premiums, dues and other contributions to be thereafter received from the members
according to the scale in force at the date of valuation, are sufficient to provide for the payment at
maturity of all the mortuary benefits without deduction or abatement.
"Old lousiness" members have been offered the privilege of transferring to the "New Business"
(solvent) class, and, on transfer, the share of the assets in the "Old Fund", determined to be the equity
of the member, is applied to reduce his contributions under his certificate in the "New Fund."
Valuation Balance Sheet — "Old Business."
Assets.
Present value of future net contribu-
tions $81, 358, 591 00
Admitted assets apportionablc to this
Business 13, 058,090 31
Interest bearing liens 4, 564, 736 30
Deficiency 46, 727, 559 44
Liabilities.
Present value of Benefits S145, 195,976 00
Accrued liabilities 500, L76 20
Trust funds 12,824 85
Total $145, 708,977 05
Degree of solvency 07-9%
*Taken to the nearest dollar. fWith a view to attaining actuarial solvency.
Total $145, 708,977 05
LIFE INSURANCE COMPANIES
527
SESSIONAL PAPER No. 8
The Maccabees — Conclvded
Valuation Balance Sheet — "New Business'
Assets.
Present value of future net contribu-
tions $4, 702,813 00
Admitted assets apportionable to this
business 940, 663 69
Liabilities.
Present value of Benefits S 5, 539, 384 00
Accrued liabilities 9, 000 00
Surplus 95,092 69
Total $ 5,643,476 69
Total $ 5,643,476 69'
The "New Business" section is solvent.
Readjustment of Insolvent — "Old Business".
Against a reserve liability of almost $64,000,000 the assets available are about S18, 000,000. The plan
of voluntary transfer of members from the "Old" class to the "New" has been adopted, each member,
on transfer, being given in reduction of his future premiums, his equity, if any, in the old funds. This plan
is stated to have worked well in some other societies. When the voluntary transfers are all completed,
some other method will, it would seem, have to be adopted to place the remaining old business on a sound
basis.
Sick and Accident Fund.
The certificates issued under this fund are cancellable and subject to monthly premiums payable in
advance. Therefore incurred claims are the only liabilities under this business.
Valuation Summ.\ry — Canadian Business.
Plan of Certificate.
Amount
Assured.
Assess-
ments
Payable
Monthly.
Monthly
Assess-
ments
Valued.
Value
of
Benefits.
Value
of
Premiums.
Net
Liability.
"Old Business"— N.F.C. 4%.
Term to age 60
1,000
1,312,750
115,472
$
0 71
2,082 85
553 55
S
0 70
2,007 91
553 55
$
140
687,595
100,315
$
114
261,901
25,749
26
Wliole Life
425 694
74 566
Totals
1,429,222
2,637 11
2,562 16
788,050
287,764
500,286
,'Old Business"— American Experience, 4%.
Term to 70
6,000
833,000
3,96S,05&
5 64
794 2 b
7,354 21
5 58
7,3 23
7,148 96
1,326
312,232
2,391,433
552
237,239
1,219,062
774
Whole Life Plans . .
74,993
1,172,371
Term to 70 with endowment settlement
Totals
4,807,058
8,154 11
7,897 77
2,704,991
1,456,853
1,248 138
Totals, "Old Business"
6,236,280
54,000
484,000
10,791 22
98 91
1,259 20
10,459 93
3,493,041
1,744,617
1 748 424
"New Business" — American Experience, 4%.
Whole Life Special
90 20
1,149 48
18,433
166,158
126,906
37
17,646
157,297
787
20 Pay Life
• 8,861
126,906
37
Extended Insurance
2,000
Totals
540,000
33,600
6,000
1,358 11
101 43
6 90
1,239 68
92 58
3 70
311,534
53,403
215
174,943
13,709
211
136,591
39,694
4
"New Business"— Fraternal Combined
Experience, 4%.
Whole Life
"New Business" — ^American Experience, 4%.
Term to 45
Totals, "New Business"
579,500
1,466 44
1,335,96
365,152
188,863
176 289
Grand Totals
6.815,780
12,257 66
11,795 89
3,858.193
1,933,480
1,924,713
528 DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
SUPREME COUNCIL OF THE ROYAL ARCANUM.
Statement for the Year ending December 31, 1920.
Supreme Regent, L. R. Geisenber(5er — Supreme Vice Regent, Carleton E. Hoadley —
Supreme Secretary, Samuel N. Hoag — Head Office, 407-409 Shawmut Ave., Boston,
Mass. — Executive Committee, L. R. Geisenberger, S.R., Carleton E. Hoadlet, S.V.R.,
Richard E. Kropf, S.O., C. Arch. Williams, S.P.S.R., Samuel N. Hoag, S.S., A. S.
Robinson, S.T., W. Holt Apgar, Ex. of Claims, Wm. F. McConnell, S.A., Howard
C. Wiggins, L.A., J. A. Langfitt, P.S.R., Robert Van Sands, P.S.R., Frank B.
WiCKERSHAM, P.S.R.
(Organized June 23, 1877, Incorporated November 5, 1877, Acts of 1874, chapter 375 of public statutes.
Commenced business in Canada, December 12, 1877.)
ASSETS IN CANADA (All Funds).
Ledger Assets.
Held solely for the Protection of Canadian Members.
Department's value of bonds, debentures and debenture stocks owned by the Society
(Dom. of Canada Victory Loan, par value, $10,000) $ 9,600 00
Other Ledger Assets.
Amount secured by the Society's policies in force, the reserve on each policy being in
excess of all indebtedness 27,940 65
Cash in Bank of Toronto, at Montreal, $23,317.72; at Toronto, $14,580.53 37,898 25
Total Ledger Assets $ 75,438 90
Non-Ledger Assets.
Interest accrued on bonds and debentures S 3, 991 67
Premiums, contributions, etc., actually collected but not yet turned over to the
Supreme Court: —
Mortuary Fund $ 14,246 26
General Expense Fund 1 , 804 45
16,050 71
Total Non-Ledger Assets $ 20,042 38
Total Assets in Canada $ 95,481 28
LIABILITIES IN CANADA.
Mortuary Fund —
Liability under contracts in force for payments not due (Reserve) $ 378, 308 00
Liability for unadjusted payments due under contracts — Issued before license 20, 000 00
Total Liabilities in Canada $ 398, 308 00
INCOME IN CANADA.
Mortuary and Emergency Fund —
Premiums $ 176,980 78
Interest, dividends and rents 2, 102 17
$ 179,082 95
General Expense Fund — From Members 7,845 59
Total Income in Canada $ 186,928 54
LIFE INSURANCE COMPANIES
529
SESSIONAL PAPER No. 8
Supreme Council of the Royal Arcanum — Continued.
DISBURSEMENTS IN CANADA.
Mortuary Fund —
Death Claims $ 128, 477 00
Old Age 234 00
$ 128,711 00
General Expense Fund — Legal fees 79 77
Total Disbursements in Canada $ 128, 790 77
EXHIBIT OF CERTIFICATES.
Whole Life.
Classification.
Since Date of
License.
Prior to Date of
License.
No.
Amount.
No.
Amount.
At end of 1919 f
$
3,697
39
7
25
$
5,970,840
49,000
10,000
20,596
41,002
New issued
166
5
185,500
7,000
7,000
Totals
171
199,500
3,768
6,091,438
Less ceased by —
Death
68
1
110
15
126 690
234
Lapse
Decrease
4
5,000
7,000
155,000
29 726
20,502
Total ceased
4
12,000
194
332, 1.52
At end of 1920
167
187,500
3,574
5,759,286
MISCELLANEOUS STATEMENT.
I. The Society carries on business in Canada and in the following states of the United States: Massa-
chusetts, Ohio, Michigan, Wisconsin, Illinois, Indiana, New York, Pennsylvania, Maryland, Virginia,
Georgia, Tennessee, Missouri, New Jersey, Connecticut, Rhode Island, North Carolina, Minnesota,
Iowa, Dist. of Columbia, Nebraska, California, Kentucky, Washington, Idaho, Colorado, Maine,
New Hampshire, Oregon, West Virginia, Arkansas, Kansas, Montana, North Dakota, Oklahoma,
Utah, Vermont.
II. Requirements for reinstatement are:— Formal application accompanied by medical examination if
more than 45 days have elapsed since suspension, otherwise no medical examination is required;
payment of all indebtedness existing at time of suspension and ballot at a stated meeting.
III. .\ny Option D member may waive the payment of assessments in case of total permanent disability
before attaining 60 years of age. Full payment of benefit at death or old age benefit at 70.
IV. No surplus Funds.
8-34*
530 DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
SuPKEME Council of the Royal Arcanum — Continued.
General Business Statement for the Year ending December 31, 1929.
Mortuary
Funds.
Reserve
Funds.
Expense
Funds.
Totals.
l^alance from previous year
$ cts.
1,693,214 43
$ cts.
6,387,472 04
$ cts.
159,332 36
i cts.
8,240,018 83
Income.
Net amount received from members
6,316,729 93
19,499 75
296,237 15
4,976 50
4,536 72
6,612,967 08
330,415 89
19 652 47
Gross interest, dividends and rents
305,9.39 64
8,115 75
750 00
3,840 79
From all other sources
Gross profit on sale or maturity of ledger
assets
750 00
(Jross increase by adjustment in book value
of ledger assets
3,840 79
Total income
6,336,229 68
318,646 18
305,750 37
6,960,626 23
Disbursements.
Total benefits paid ...
4,868,444 69
'
4,868,444 69 ^
144,736 76
7,704 03
1,213 50
( 'ommissions, fees, salaries and other com-
pensation of officials and emplovee.s. .
144,736 76
7,704 03
1,213 50
4,831 50
4,008 58
6,278 71
105,007 67
Travelling and other expenses
Insurance Department fees
Rent
4,831 50
4,008 58
6,278 71
157,911 26
Legal expenses
Taxes, repairs and other expenses on real
estate
AM other disbursements
52,903 59
(i ross loss on sale or maturity of ledger assets.
12,750 49
12,750 49
Total disbursements
4,921,348 28
12,750 49
273,780 75
5,207,879 52 *-
Balance before transfers
Increase by transfers
3,108,095 83
6,693,367 73
1,300,000 00
191,301 98
9,992,765 54
1,300,000 00
Balance
3,108,095 83
1,. 300, 000 00
7,993,367,73
191,301 98
11,292,765 54
1 300 000 00
Decrease by transfers
Balance
1,808,095 83
7,993,367 73
191,301 98
9,992,765 54
LEDGER ASSETS.
Book value of real estate .$ 71,866 .55
Loans secured by benefit certificates 988, 370 87
-Assessments and dues reported to War Risk Insurance Bureau 232 23
Book value of bonds and stocks 7,918,652 20
Cash on hand, in trust companies and in banks 1 , 013, 643 69
Total ledger assets $ 9,992,765 54
NON-LEDGER ASSETS.
Total interest and rents due and accrued 120, 417 82
Assessments and supreme court dues actually collected but not yet turned over to supreme
lodge 586,711 90
All other assets 33, 483 66
Gross assets $10, 7S3, 378 92
Deduct assets not admitted 1,524,434 27
Total admitted assets $ 9,208,944 65
LIFE INSURANCE COMPANIES 53I
SESSIONAL PAPER No. 8
SuPEEME Council op the Royal Arcanum — Conlinued.
LIABILITIES.
Liability under contracts in force for payments not due (Reserve) $11 , 786,653 00
Total death claims 553,886 39
Total permanent disability claims 1 , 000 00
Old age and other benefits due and unpaid 2, 697 10
Salaries, rents, expenses, commissions, etc., due or accrued 1 , 547 25
All other liabilities 412 04
Total liabilities $12,346,195 78
EXHIBIT OF CERTIFICATES.
Number. Amount.
In force at beginning of year 134, 373 $221 , 978, 058 01
Written 8,789 9,695,500 00
Revived 698 938,974 00
Increased 626,761 00
Totals. , 143,860 $233,239,293 01
Terminated by —
Death 2,586 $ 4,741,957 01
Lapse 5,707 • 7,395,243 00
Reduction 944, 251 00
Decrease .'. 15,699 99
Total terminated . 8,2^3 ^ 13,097,151 00
In force at end of year 135, 567 $220, 142, 142 01
SUMMARY OF THE REPORT OF THE ACTUARY * ,
made in accordance with the requirements of Section 112 of the Insurance Act, 1917 ,(1919 Amend-
ment affecting Friendly Societies.)
The Report was made by Mr. A. K. Blackadar, Fellow of the Actuarial Society of; America, and
Fellow of the Institute of Actuaries of Great Britain. ;
An investigation of the mortality experienced during the years 1919 and 1920 showed, *in comparison
with the American Experience Table, 106-58% and 101-08% of the expected. It is thought the mortality
of the society should improve in the future due to the increase of "new" members and a concurrent decrease
of "old" members.
The rate of interest earned on the mean net ledger assets during 1920 was 4-412%.
The bases of valuation used throughout were American Experience 4%. Provision was made for
the payment of premiums monthly in advance, and for the payment of claims at the end of the year of
maturity. Two valuations of premiums were made, namely, (a) the net premiums according to the
valuation bases and assumptions, (6) the gross premiums payable (exclusive of expense contributions).
In both cases all negative reserves were excluded, and liens in'excess of the reserve made were also excluded,
from the assets. The ages both as at date of issue and as at date of valuation, are nearest ages.
Disability benefits were valued by Hunter's Disability Tables.
On page 532 is given a Summary of the Valuations made from which it will be seen that the net premium
reserve is .$11,786,653. The Actuary certifies that in his opinion this reserve, together with the premiums,
dues and other contributions to be received from members according to the scale in force as at
December 31, 1920, is sufficient to provide for the payment at maturity of all the obligations of the
Beneficiary Fund without deduction or abatement.
532
DEPARTMENT OP iNSVRA 7CE
11 GEORGE V, A. 1921
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LIFE INSURANCE COMPANIES
SESSIONAL PAPER No. 8
Supreme Council of the Royal ARCAyiVM—Conduded.
Valuation Balance Sheet.
Using An^ 4% net premiums.
Assets. Luitiititifs.
Funds applicable to benefits . . . S 9, 620, 531 Present value of benefitH i? 106, 639, 837
Present value of future contributions Other liabilities 559,543
applicable to benefits 94,853,184
Deficiency 2,725,665
Total $ 107,199,380 Total .8 107,199,380
The amount of funds applicable to benefits shown above is arrived at as follows:
Total gross assets $10,733,378 92
Less — Excess of Book Values of Ledger Assets over Market values S .522,884 22
Liens not covered by reserves 476, 480 .39
Other unadmitted items 33,483 6(5
Expense dues included in gross assets 80,000 00
1,112,848 27
Net assets— Benefit Fund $ 9,620,530 65
Note: — In making up the net assets on the basis of the gross premium valuation tlie liens deducted
were $209,427 greater than shown above, reducing by that amount the net assets.
The Actuary does not advise making any change in assessments or benefits at the present time, being
of the opinion that the position of the society should show improvement from year to year. The possible
sources of gain to which attention is drawn are, (a) lapses (no withdrawal equities being given), (6) mortal-
ity (with the increase of "new" members), (c) excess of assessments payable over assessments valued
(over 170,000 per annum), (d) liens in excess of reserve excluded, (e) increase in market value of assets,
and (/) interest in excess of that assumed in the valuation.
On the other hand attention is drawn to the still unsettled condition of the security market and the
possibility of adverse selection under certain options available to members.
Valuation of Canadian Business: —
There were in force in Canada 3741 certificates amounting to $5,945,845, and the reserve on the same
bases as used in valuing the whole society, net premiums, was $378,308.
Of the above certificates, 167 for $187,500 were issued since date of license, the reserve being $4,807.
Note by Department. — The Society first obtained a Dominion License January 3, 1920, and by
virtue of the provisions of the Insurance Act, they maintain a deposit with the Receiver General of Canada
in respect of members admitted since that date equal to the net level premium reserve in respect of
certificates in force issued since date of license. The deposit must not, however, in any case, be less than
$10,000. The amount of deposit as at Dec. 31, 1920, was $10,000.
534
DEPARTMEXT OF lySlNAXri:
11 GEORGE V. A. 1921
THE ROYAL GUARDIANS
Statement fou the Year ending December 31, 1920
President, John jMcDowall — Vice-President, John Hyde — Secretary and Manager, A. T.
Patterson — Actuary, Miles M. Dawson — Head Office, Montreal. — Directors,
John McDowall, D. J. Hoerner, John Hyde, O. W. G. Dettmers, W. G. Butler, E. C.
Lalonde, J. H. Maclntyre, W. H. Bardwell and A. T. Patterson.
(Incorporated 1910 by 9-10 Ed. vii, cap. 158. Commenced business July 1, 1910.)
SUMMARY BALANCE SHEET BY FUNDS.
Mortuary
Fund.
Sickness
Fund.
Totals.
Ledger Assets
Add excess of total Department's value of Ledger Assets ovei
total book value
Total Ledger Assets taken at Department's value.
Non-Ledger Assets
Total Assets.
Liabilities
Surplus .
? cts.
612,020 19
19,605 36
631,685 55
36,442 02
668,127 57
514,724 11
] 53. 403 46
$ cts.
9,984 24
183 51
S cts.
622,004 43
19,848 87
10,167 75
356 67
Ml, 853 30
36,798 69
10,524 42
5,. 364 eO
678,651 99
520,088 71
5,159 82
158,563 28
SYNOPSIS OF LEDGER ACCOUNTS BY FUNDS.
Mortuary
Fund.
Sickness
Fund.
Totals.
As at December 31, 1919:—
S cts.
507,797 51
80,000 00
§ cts.
9,213 68
$ cts.
517,011 19
80,000 00
587,797 51
9,213 68
597,011 19
Increase in Ledger Assets in 1920: —
141,571 44
8,891 67
3,028 77
144,600 21
8,891 67
Total increase
150,463 11
3,028 77
153,491 88
Decrease in Ledger Assets in 1920: —
94,910 43
31,330 00
2,258 21
97,168 64
31,330 00
126,240 43
2,258 21
128,498 64
As at December 31, 1920:—
Net Ledger Assets
554,458 52
57,561 67
9,984 24
564,442 76
57,561 67
Total Ledger Assets
612,020 19
9,984 24
622,004 43
LIFE lySURANCE COMPANIES 535
SESSIONAL PAPER No. 8
The Royal Guardians — Continued
ASSETS (Mortuary Fund).
Ledger Assets.
Book value of real estate, unencumbered, held by the Society {For details see Schedule A). .$ 83,058 97
Mortgage loans on real estate, first liens, $129,898.80; other than first liens, $10,500 140,398 80
Loans secured by bonds, stocks or other marketable collaterals {For details see Schedule B) 16,550 00
Loans to members secured by the Society's policies in force, the reserve on each policy
being in excess of all indebtedness 76, 629 78
Book value of bonds, debentures and debenture stocks owned by the Society {For details see
Schedule C) 287,441 28
Book value of stocks owned by the Society (Shawinigan Water and Power Co., 25 shares,
par value, $2,500; Department's value, $2,575) 2,756 25
Cash: at Head Office, $3,080.00; in banks, $2,105.11 {For details see Schedule E) 5,185 11
Total Ledger Assets S 612,020 19
Add excess of total Department's value of real estate, bonds, debentures and stocks over
total book value 19,665 3ti
Total ledger assets taken at Department's value $ 631,685 55
Non-Ledger Assets.
Interest, dividends and rents, due and accrued: —
Interest or dividends on— Due. Accrued.
Mortgages $ 1,337 14 $ 1,773 94
Collateral loans 348 34
Bonds and debentures 744 58 4,580 72
Stocks ;, 38 95
Premium notes, policy loans and liens 2,750 27 1,534 67
Total interest $ 4,83199 $ 8,276 62
Rents 70 72 410 54
Total interest, dividends and rents, due and accrued.... $ 4,902 71 $ 8,687 16
$ 13,589 87
Premiums, contributions, etc., due: —
Mortuary Fund $ S, 154 31
Automatic premium advances — ordinary 11, 482 53
Automatic premium advances— industrial 414 12
General Expense Fund — per capita tax 367 84
20,418 SO
All other assets — Lodge room and office furniture less 10% per annum, $1,473.66; Lodge
accounts, $322,69; Taxes paid in advance, $637.00 2,433 35
Total Non-Ledger Assets $ 36,442 02
Total Assets (Mortuary Fund) $ 668,127 57
ASSETS (Sickness Fund).
Ledger Assets.
Bonds on deposit with Receiver General^ Par value. Book value. Depart-
ment's value.
Dom. of Canada Victory Loan $ 6, 000 00 $ 5, 967 49 $ 6, 000 00
Town of Port Coquitlam 5,000 00 3,899 00 4,050 00
Total $ 11,000 00 $ 9,866 49 $ 10,050 00
Carried out at book value $ 9, 866 49
Cash in Royal Bank, Montreal 117 75
Total Ledger Assets $ 9,984 24
Non-Ledger Assets.
Department's value of bonds arid debentures over book value 183 51
Interest accrued 170 85
Premiums in hands of subordinate lodges 185 82
Total Assets (Sickness Fund) $ 10,524 42
536 DEPARTMEXT OF INSURANCE
11 GEORGE V, A. 1921
The Royal Guardians — Continued
LIAHIMTIES.
Mortuary Fund —
Liability under contracts in force for payments not due (Reserve") % 436,942 00
Liability for payments due under contracts". —
Adjusted but unpaid % 4,748 00
Unadjusted 7,754 30
12,502 30
Premiums received in advance less $108.35 reinsured 4,340 99
Interest . a<-cnic<l on borrowed money 175 00
Instalment policy — present value (amount not yet due) 1,440 24
Borrowed money 57,561 67
Sickness Fund —
Liability under contracts in force for payments not due (Reserve) $ 5,227 00
Liability for unadjusted payments due under contracts 137 60
-$ .■)12,962 20
General Expense Fund —
Salaries, rents and office expenses, due and accrued $ 1 , 396 47
Other items due and accrued: Medical examiiner's fees, $286; commissions,
$36.61 322 61
Received in advance of due date: Interest, dividends and rents 42 83
5,364 60
1,761 91
Total Liabilities $ 520,088 71
INCOME.
Mortuary Fund: —
Premiums $ 106, 699 06
Interest and dividends 24, 289 48
Gross profit on sale or maturity of ledger assets 450 00
Commission on reinsurance 23 35
$ 131,461 89
Sickness Fund: —
Premiums S 2, 503 77
Intei'est 525 00
General Expense Fund: —
From members: —
Per capita tax $ 5, 098 22
Certificate fees 11 00
Application fees 944 32
3,028 77
$ 6,053 54
From other sources: —
Rents 3, 933 11
Lodge accounts 122 90
10,109 55
Total Income $ 144,600 21
DISBURSEMENTS.
Mortuary Fund: —
Death claims $ 58, 371 54
Surrender values 5, 001 75
$ 63,373 29
Sickness Fund:—
Sickness claims 1,858 21
Total disbursements in respect of membership certificates S 65, 231 50
General expenses: —
Head office expenses: — Salaries, $6,209; directors' fees, $85; auditors'
fees, $145; actuaries' fees and expenses, $100; travelling ex penses, $62.50;
rents, $3,479.64 $ 10, 081 14
Agency and organization expenses: — Commissions, $1,944.09; salaries,
$14,585.50 branch office furniture, $138.09; rents, $298; telephone, $42.38;
clerk, $430; miscellaneous, $114.27 17,552 33
All other expenses: — Advertising ,$531.68; telephones, $79.20; legal
fees, $123.27; medical fees, $1,742.44; postage, $148.08; printing and station-
ery, .$440.69; investment expenses, $152.32; exchange, $21.60; licenses,
$740.95; miscellaneous, $323.44 4,303 67
— *31,937 14
Total Disbursements $ 97, 168 64
*The Sickness Fund expenses included are taken to be $400.00.
LIFE IXSURAXCE COMPANIES
537
SESSIONAL PAPER No. 8
The Royal Guardians — Continued
EXHIBIT OF CERTIFICATES (Ordin.-vry).
Classification.
Whole Life.
Endowment
Assurances.
T
erm and
Other.
Totals.
No.
Amount.
No.
Amount.
No.
Amount.
No.
Amount.
At end of 1919
1,843
255
42
%
3,3.39,563 25
260,. 500 00
70,500 00
115
28
$ cts.
115,750 00
31,000 00
393
1
% cts.
618,7.50 00
5,000 00
2,. 351
284
42
$ cts.
3,074,063 25
New issued
296,. 500 00
70,500 00
Totals
2,140
2,670,563 25
143
146,750 00
394
623,7.50 00
2,677
3,441,063 25
I.ess ceased by: —
Death
34
16
93
.52,000 00
18,500 00
105,780 00
6,000 00
11,. 500 00
3
5,000 00
37
16
101
57,000 00
18,500 00
3
3,500 00
5
34,. 500 00
143,780 00
6,000 00
13
13
42
11,500 00
Transferred from. . .
42
70,500 00
70,500 00
Total ceased
156
193,780 00
3
3,500 00
50
110,000 00
209
307,280 00
At end of 1920
1,984
2,476,783 25
140
143,250 00
344
513.750 00
2,468
3,133,783 25
9,000 00
9,000 00
MISCELLANEOUS.
New certificates issued and paid for in cash: — Number, 271; gross amount, S285,000:
reinsured in other licensed companies, SI, 000.
Total amount in force divided as to dividend plan: — Deferred, -11.859,783.25; non-participating,
$1,274,000 $ 3, 1.33, 783 25
EXHIBIT OF CERTIFICATES. (Industri.\l).
Classification.
Whole Life.
Endowment
Assurances.
Totals.
No.
Amount.
No.
Amount.
No.
Amount.
At end of 1919
850
206
.$ cts.
140,231 00
38,030 00
806
257
S cts.
83,971 00
30,940 00
1,656
463
$ cts.
224,202 00
68,970 00
Totals
1,056
178,261 00
1,063
114,911 00
2,119
293,172 00
Less ceased by: —
Death
12
108
1
2,022 00
20,668 00
144 00
10
110
4
646 00
15,219 00
285 00
22
'218
5
2,668 00
Lapse
Not taken
35,887 00
429 00
Total ceased
121
22,834 00
124
16,150 00
245
38,984 00
At end of 1920
935
1.55,427 00
939
98,761 00
1,874
254,188 00
EXHIBIT OF SICKNESS AND FUNERAL CERTIFICATES.
Sickness.
No.
Funeral.
No. Amount.
In force December 31, 1919
Admitted during 1920
Terminated during 1920 by lapse
In force December 31, 1920
217
152
124
245
215
.1 cts.
10, 750 00
19
196
950 00
9,800 00
538
DEPARTMEST OF IXSURANCE
11 GEORGE V. A. 1921
The Royal Guakuians — Conlinued
Benefits, Sick and Funeral Fund: — S3. 00 per week first two weeks illness and .?.5.00 per week for a furtlicr
period of 10 weeks in any one year and S50.00 at death of member.
Benefits, Sick Fund: — $3.00 for first week illne.ss and $5.00 per week for a further period of 11 weeks. For
continuance of illness 2nd year $3.00 per week for 12 weeks, 3rd year $2.00 per week for 12 weeks after which
the member is not entitled to any benefits on account of such illness.
MISCELLANEOUS STATEMENT.
I. Business transacted in Dominion of Canada only.
Ii. Members suspended for non-payment of premiums may be reinstated within 30 days (after expiry
of 30 days grace) by payment of overdue premium, after 30 days and within 90 days must in addition
furnish personal certificate of good health, after 90 days a medical certificate of health is required.
III. Members on the all life and endowment plans are entitled, after 3 years membership, to a paid
up certificate or extended insurance to the extent that 90-'o of the accumulated reserve will pay for.
IV. Participating certificate holders are entitled to share any distribution of surplus which may be
declared. No distribution has as yet been made.
SUMMARY OF THE REPORT OF THE ACTUARY
made in accordance with the requirements of Section 112 of the Insurance Act, 1917 (1919 Amend
ment affecting Friendly Societies).
The Report was made by Mr. Miles M. Dawson, of Xew York City, Fellow of the Actuarial Society
of America, and Fellow of the Institute of Actuaries of Great Britain.
The rate of interest earned during the year on the mean net ledger assets was 6- 19%.
The valuation bases used were: Ordinary certificates, Mortuary Fund, N.F.C. 4%; Industrial,
Mortuary Fund, the Standard Industrial Table, 4%; Sickness certificates, and Sick and Funeral certi-
ficates, Manchester Unity Tables, 4%-
Age at entry is age last birthday and the duration was taken as n-Hl where n is the valuation year
less the year of issue. The age attained, where required, was obtained by adding the duration to the
age at entry.
The premiums payable are the net premiums on the valuation bases used, so that negative reserves
do not arise. In the valuation provision was made for the payment of premiums monthly throughout
life and for the payment of claims at the end of the year of claim.
The benefits upon withdrawal (Mortuary Fund) are extended insurance or paid-up insurance equi-
valent to 90% of the reserve.
Valuation Summary. Mortuary Fund.
Participating —
All life
Limited Payment Life
Other plans
N on-participating —
Alllife
Limited Paj^ment Life
Endowment Assurance
Term to age 55 (convertible) .
Industrial —
.411 Life
Endowment Assurance
Totals
Number
of
Amount
Certifi-
Assured.
cates.
1,066 S
1,534,800
308
297,500
28
26,483
265
312,000
317
306,000
140
143,2.50
344
513,750.
935
155,490
939
97,915
Reser^'e.
320,492
27,625
16,198
30,818
8,324
20,838
3,696
8,951
4,342 S 3,387,188 S 436,942
Valuation Summary, Sickness Fund.
No. of Sickness Value of
Certifi- Premiums Sickness
cates. Valued. Benefit.
Sickness 244 S 1,487 40 $ 25,536
Sick and Funeral 196 1,212 48 20,620
.\dd reserve for funeral benefit
Value
of
Premiums.
S 24,601
17,295
Reserve
1,075
3,225
927
440 S 2,699 88 S 46,156 S 41,896 S 5,227
The Actuary certifies that in his opinion the reserves shown above, together with the premiums,
dues and other contributions to be received from members according to the scales in force at the date
of valuation, are sufficient to provide for the payment at maturity of all the obligations of the fund
without reduction or abatement.
LIFE INSURANCE COMPANIES
539
SESSIONAL PAPER No. 8
The Royal Guardians — Concluded
Schedule A.
Real estate —
Montreal —
Stone building, 227 Sherbrooke St. W. and dwelling 1 Hutchison St S
1113-17 Mary Ann St. E.
Actual Cost
and
Book Value.
74,608 97
8,450 00
Department's
Value.
$ 100,000 00
8,450 00
83,058 97 $ 108,450 00
Schedule B.
Loans seL-ured bj' bonds, stocks or other marketable collaterals-
25 shares Illinois Traction C'o
25 shares Shawinigan Water and Power Co
125 shares Detroit St. Ry
Victory and War Bonds
Par
Value.
Market
Value.
Schedule C.
Bonds and debentures — Par
Governments — Value.
Canada— tVictory Loan $ 121,000 00
Canada— *War Loan 11,000 00
United Kingdom of Great Britain and Ireland
Bonds 30,000 00
Cities —
British Columbia —
*Fernie 5,000 00
*Kamloops 5,000 00
*Ladysmith 5,000 00
*Nanaimo 5,000 00
*Vernon 5,000 00
Manitoba —
*Portage la Prairie 2, 000 00
♦Winnipeg 11,000 00
Ontario —
♦Fort William 5,000 00
*Port Arthur 5,000 00
Quebec— *Lachine 5,000 00
Towns—
Alberta— *B2iS&ano 6,000 00
Manitoba— *Selkirk 5, 000 00
Nova Scotia — *Inverness 5, 000 00
Ontario — ■
*Hawkesbury 3,5.58 02
*Kenora 5,000 00
♦Rainy River 3,010 19
*Steelton 3,965 17
Saskatchewan —
JBattleford 5, 107 45
*Swift Current 5,000 00
Township, Ontario — *Chapleau 4, 584 30
Schools, Quebec — ■
♦Montreal, Protestant 25, 000 00
*St. Jean Baptiste 2,064 24
IjIISCcIlQ'TIGO'U.S — '
Abitibi Power and Paper Co., Ltd., 1040, 6 p.c 5,000 00
2,500 $
2,500
12,500
2,800
20,300 $ 17,750
Book
Value.
121,000 00
10,765 63
Depart-
ment's
Value.
S 121,000 00
10,890 00
28,725 00 28,725 00
4,950 00
4,775 00
5,518 00
4,950 00
4,430 00
2,182 00
10,633 70
4,034 00
5,243 00
5,200 00
4,782 60
5,113 60
4,638 10
3,785 98
5,000 00
3,231 93
3,426 31
5,099 88
4,523 00
4,494 31
24,500 00
2,064 24
4.375 00
4,200 00
4,200 00
4,750 00
4,250 00
4,500 00
1,760 00
10,633 70
4,034 00
4,800 00
4,300 OQ
5,160 00
4,200 00
4,290 00
3,629 10
4,700 00
2,889 60
3,717 24
4,933 19
4,850 00
4,447 10
24,500 00
1,981 68
4,375 00
Amount
Loaned.
1,625 $ 1,500
2,. 575 2,250
10,750 10,000
2,800 2,80§
16,550
$ 293,289 37 $ 287,441 28 $ 281,715 61
Schedule E.
Cash in banks—
Bank of Montreal § 289 90
Bank of Hochelaga 227 39
Royal Bank 1, 587 91
$ 2,105 II
*0n deposit with Receiver General.
tOf which .19,000 is on deposit with Receiver General.
jOf which .^4,557.34 is on depo.sit with Receiver General.
540 DEFAItTMFNT OF INSURANCE
11 GEORGE V, A. 1921
WESTERN MUTUAL LIFE ASSOCL\TION .
Statement for the Year ending December 31, 1920.
President, T. J. Armstrong — Vice-President, J. A. Kingsley — Secretary and Manager, Gilbert
F. Stevenson — Head Office, Los Angeles, California.
Directors
T. J. Armstrong; W. T.Doolittle; J .A. Ovas; Tom Lea; W. D. Wright; N. H. Hamilton; J. A.
Kingsley; J. G. Ropes; A. B. Taylor; T. H. Dudley; W. A. Lichtenwallner.
(Organized or incorporated 1886 and 1899. Commenced business in Canada 1920).
ASSETS IN CANADA (All Funds).
Ledger Assets.
Held solely for the Protection of Canadian Mc7nhers.
Department's value of bonds, debentures and debenture stocks owned by the Society on
deposit with the Receiver General {For details see Schedule C) $ 77, 050 00
LIABILITIES IN CANADA.
Mortuary Fund —
Liability under contracts in force for payments not due (Reserve) S 72,711 63
Liability for unadjusted payments due under contracts: —
Issued after license 10,000 00
Total LiabiUties In Canada $ 82,711 63
INCOME IN CANADA.
Mortuary Fund^
Premiums ? /7,83< 18
Interest on bonds deposited in Canada 4,865 33
82,702 51
General Expense Fund: — From members 13,735 65
Total Income in Canada ^ $ 96,438 16
DISBURSEMENTS IN CANADA.
Mortuary Fund: —
Death claims $ 51 ,000 00
Surrender values 1,311 71
Total disbursements in respect of membership certificates $ 52,311 71
General Expense Fund:—
Agency and organization expenses: — Commissions 4,430 00
Total Disbursements in Canada $ 56, 741 71
BUSINESS IN FORCE IN CANADA, DECEMBER 31, 1920.
Whole Endow- Term and
Life. ment. Other.
Issued prior to date of license $ 35,500 $ 1,000 $ 6,170 000
Issued since date of license 18,000 793,000
Totals S 53,500 $ 1,000 $ 6,963,000
LIFE INSURANCE COMPANIES 54^
SESSIONAL PAPER No. 8
Western Mutual Life Association — Continued
MISCELLANEOUS STATEMENT.
I. The Association is licensed and does business in Canada and in the following states of the United
States: — California, Idaho, Montana, North Dakota, Arizona, Texas, Kansas, Louisiana, Georgia, Ken-
tucky, Wyoming.
II. Natural Premium or "term" certificates are reinstated when lapsed upon signing a health certifi-
cate and paying arrearages. Reserve certificates on policies are reinstated within a reasonable time upon
furnishing health certificates and paying arrearages.
III. Extended insurance is given lapsed members of reserve policies. This is extended until the
reserve is exhausted.
IV. Until the year 1917 when this Society adopted adequate rates, assessments for deaths were
omitted until surplus was used.
The By-laws provide that the "surplus" that is the assets above liability for reserve, and any other
liability shall not exceed a sum equal to 3% of the amount of the insurance in force. All above this sum
shall be returned annually.
Schedule C.
Par value. Department's
Bonds and debentures on deposit with Receiver General — value.
Government —
Canada— Victory Loan $ 5,000 00 $ .5,000 00
British Columbia— Gold Bonds 5,000 00 4,700 00
Manitoba— Bonds 5,000 00 4,950 00
Cities —
Alberta —
Lethbridge 10, 000 00 8, .500 00
Medicine Hat 10,000 00 9,000 00
Manitoba — Brandon 11, 000 00 9, 240 00
Saskatchewan —
Regina 11,000 00 9,1.30 00
Saskatoon 10,000 00 9,200 00
Swift Current 5, 000 00 5,880 00
Districts, British Columbia —
North Vancouver 6,000 00 4,550 00
Point Grey 8,000 00 6,900 00
$ 86,000 00 $ 77,050 00
General Business St.\tement for the Year ending December 31, 1920.
Balance from previous year % 817, 987 98
INCOME.
Net amount received from members % 390, 292 51
Gross interest, dividend and rents 30, 163 01
From all other sources 11,250 00
Total income $ 431 , 705 52
DISBURSEMENTS.
Total benefits paid % 288,426 15
Commissions, fees, salaries and other compensation of officials and employees 33,919 68
Insurance Department fees 2, 448 79
Rent 1,500 00
Legal expenses 4,832 36
All other disbursements 11,604 65
Gross loss on sale or maturity of ledger assets 5, 000 00
Total disbursements $ 347,731 63
Balance % 901,961 87
LEDGER ASSETS.
Book value of real estate S 250, 000 00
Mortgage loans on real estate 225,375 00
Book value of bonds and stocks 377,302 40
Cash on hand, in trust companies and in banks 49,284 47
Total ledger assets % 901.961 87
542 DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
Western Mutual Life Association — Coiiduded
NON-LEDGER ASSETS.
Total interest and rents due and accrued (not extended) $ 13,611 17
Total admitted assets $ 901,961 87
LIABILITIES.
Liability under contracts in force for payments not due (reserve) ? 418,090 00
Total death claims 40, 000 00
Surplus reserved for contingencies 443,871 87
Total liabilities S 901,961 87
]:XHIBIT OF CERTIFICATES.
Number. Amount.
In force at beginning of year 13,688 $ 21,333,000
Written 1,359 2,594,000
Totals 15,047 .$ 23,927.000
Total terminated 1,028 1,668,000
In force at end of yea*- 14,019 S 22,259,000
SUMMARY OF THE REPORT OF THE ACTUARY
made in accordance with the requirements of Section 112 of the Insurance Act, 1917 (1919 Amend-
ment affecting Friendly Societies).
The Report was made by Mr. F. M. Hope, Fellow of the Faculty of Actuaries in Scotland.
The rate of interest realized during 1920 on the mean net ledger assets of the Society as a whole was
3-95%.
No investigation was made into the mortality experience, but risks are medically selected and the
mortality appears to be within the expected, American Experience Table.
The valuation bases used were Am 31%. Level premium policies were valued on the full preliminary
term basis.
The business of the Society is divided into two classes, viz., Renewable Term policies with premiums
increasing to age 65, after which a level whole life premium of $76. per $1,000 is charged, and ordinary
plans with level premiums. A total permanent disability benefit providing waiver of premium and
the payment of the sum insured in 20 equal annual instalments is included in all level premium policies.
Provision is made for future expenses in the premium loadings.
V.-vLUATioN Balance Sheet. December 31, 1920.
Ledger Assets $ 901 ,961 87 Liability in respect of policies in
force for payments not due
(reserve) $ 418,090 00
Death claims reported but unpaid 40,000 00
Surplus 443,871 87
Total $ 901,96187 Total $ 901,96187
The details of the above reserve are as follows:
Renewable term to age 65, Ordinary life thereafter S 319, 796 00
Ordinary life .' 57,232 00
Ten payment life 14.723 00
Twenty payment life 25, 570 00
Twenty year endowment 306 00
Total disability 463 00
Total $ 418,090 00
The Actuary certifies, that in his opinion, the reserves shown above, together with the premiums,
dues and other contributions to be thereafter received from members according to the scale in force at
the date of valuation are sufTicient to provide for the payment at maturity of all the certificates and policy
obligations of the Society on the Am. 3J% bases, and that the said bases are appropriate as a test of sol-
vency of the Society.
Canadian Business.
The reserve, as at 31 December 1920, on Canadian Business issued prior to date of license was $68,600.63;
and on business issued since date of license, $4,111 .00. The amount deposited with the Receiver General
was $86,000.
LIFE INSURANCE COMPANIES 543
SESSIONAL PAPER No. 8
WOMAN'S BENEFIT ASSOCIATION OF THE MACCABEES
Statement for the Year ending December 31, 1920
President, Miss Bina M. West — Vice-President, Mrs. Carrie L. McDannell — Secretary,
Miss Frances D. Partridge — Actuary, Miles M. Dawson, F.I. A. — Head Office,
Woman's Benefit Association Building, Port Huron, Michigan.
Directors
Mrs. Grace Meredith; Miss Nellie E. Lounsbury; Mrs. Nellie C. V. Heppert.
(Organized October 1, 1892. Incorporated April 6, 1897 in the state of Michigan under the provisions of
Act No. 119 of the Public Acts of 1893, as amended by Act No. 150 of the Public Acts of 1895. Com-
menced business in Canada, January 1, 1897.)
ASSETS IN CANADA (All Funds).
Ledger Assets.
Held solely for the Protection of Canadian Members.
Market value of bonds, debentures and debenture stocks owned by the Society, on deposit
with the Receiver General (Dominion of Canada War Loan, par value, $11,000.) $ 10, 588 05
Other Ledger Assets.
Cash in Royal Bank of Canada, Sarnia 12,034 03
Total Ledger Assets $ 22, 622 08
Non-Lcdgtr Assets.
Premiums, contributions, etc., due: —
Mortuary Fund $ 2,276 47
General Expense Fund 350 55
• — - 2,627 02
Total Assets in Canada $ 25, 249 10
LIABILITIES IN CANADA.
Mortuary Fund: —
Liability under contracts in force for payments not due (Reserve) $ 159,357 00
Liability for unadjusted payments due under contracts, Issued before license 1,000 00
General Expense Fund: —
Salaries, rents and office expenses, due and accrued $ 155 75
Other items due and accrued: — Commissions 748 64
$ 160,357 00
904 39
Total Liabilities in Canada S 161,261 39
INCOME IN CANADA.
Mortuary Fund: —
Premiums $ 17,855 16
Interest, dividends and rents 3,360 31
21,215 47
Sickness and Maternity Fund: —
Premiums 1, 185 60
Junior Fund: —
Premiums 143 70
Hospital Service and Fraternal Fund: —
Contributions $ 1, 093 75
Interest 28 82
1,122 57
General Expense Fund: —
From members 8,730 99
Total Income in Canada $ 32,398 33
544
DEIWRTMEST OF lySURANCE
11 GEORGE V, A. 1921
Woman's Benefit Association of the Maccabees — Continued
DISBURSEMENTS IN CANADA.
Mortuary Fund: —
Death claims $ 17, 484 35
Sickness and Maternity Fund: —
Sickness claims 3, 779 00
Hospital Service and Fraternal Fund 507 58
Total disbursements in respect of membersliip certificates $ 21,770 93
General Expense Fund: —
Agency and organization expenses: — Commissions, $311.50; salaries, $1,610.33; travel-
ling expenses, $1,777.60 3,699 43
Total Disbursements in Canada $ 25,470 36
EXHIBIT OF CERTIFICATES (Since date of license.)
Classification.
Whole Life.
Term and Other.
Totals.
No.
Amount.
No.
Amount.
No.
Amount.
New issued
525
$
443,500
55
$
52,000
580
$
495,500
Less ceased by: —
Lapse
17
12,. 500
6
5,500
23
18,000
At end of 1920
508
431,000
49
46,500
557
477,500
EXHIBIT OF CERTIFICATES (Prior to date of license).
Classification.
Whole Life.
Term
and Other.
Totals.
No.
Amount.
No.
Amount.
No.
Amount.
At end of 1919
1,483
$ cts.
1,212,273 36
134
$
118,750
1.617
$ cts.
1,331,023 36
Less ceased by: —
Death. .
14
91
13,512 13
61,283 33
14
101
13,512 13
10
9,000
70,283 33
Total ceased
105
74,795 46
10
9,000
115
83,795 46
At end of 1920
1,378
1,137,477 90
124
109.750
1,502
1,247,227 90
EXHIBIT OF SICKNESS AND M.VTERNITY CERTIFICATES.
Maternity. Sickness. Total.
In force December 31, 1919 107 64 171
Terminated during 1920, by: —
Lapse 6 4 10
In force December 31 , 1920 101 60 161
PAYMENT OF SICK BENEFITS.
A member enjoying the sick benefit protection of the Association who shall be physically di.sabled
and wholly incapacitated from carrying on any occupation, and who is confined to the house under the
continued attendance of a physician, shall receive, beginning with the second week of such sickness, a
benefit of $5.00 per week for not more than five weeks. If such sickness shall continue for more than
five weeks, the weekly sick benefit allowance shall be reduced to $3.00. If at the expiration of the second
five weeks the sickness shall continue, the weekly sick benefit allowance shall be reduced to $2.00, pay-
able as long as the sickness shall last, but not beyond a third five weeks, provided that no member shall
be entitled to receive sick benefit payments for longer than the period of her sickness nor during confine-
ment, nor during her convalescence.
LIFE INSURANCE COMPANIES 545
SESSIONAL PAPER No. 8
Woman's Benefit Association op the Maccabees — Continued
JUNIOR BENEFIT CERTIFICATES.
In force December 31, 1919 12
New issued during 1920 141
Total 153
Terminated during 1920 by: —
Lapse
In force December 31, 1920 144
MISCELLANEOUS STATEMENT.
I. The Woman's Benefit Association of the Maccabees issues certificates in Canada, Hawaii, Alaska
and in the following states of the United States: — Ohio, New York, Pennsylvania, Illinois, Texas,
Missouri, Indiana, Michigan, California, Wisconsin, Colorado, Minnesota, Washington, Iowa, Tennessee,
West Virginia, Kansas, Connecticut, Virginia, Montana, Nebraska, Arkansas, Oregon, Kentucky, Okla-
homa, Utah, District of Columbia, Alabama, Louisiana, Mississippi, South Dakota, Idaho, New Jersey,
Rhode Island, North Dakota, Wyoming, Maryland, Arizona, Maine, Vermont, New Mexico, Georgia,
Florida, New Hampshire, North Carolina, Nevada, Delaware.
II. A benefit member who has suspended herself by non-payment of monthly rates or other liabilities
as hereinbefore defined, may be reinstated before the first day of the following month by paying all
amounts due at the date of her suspension and which may have become due in the meantime.
A benefit member who has suspended herself by non-payment of rates or other liabilities, as herein-
before defined, may be reinstated within thirty days from the first day of the month following that in
which the said monthly rate or other liability became due by furnishing a certificate of good health on
the form prescribed, to be subject to approval bj^ the supreme medical examiner, and paying all amounts
due at the date of her suspension and which may become due in the meantime.
A benefit member under suspension for non-payment for more than thirty days after the first day of
the month following that in which the monthly rate or other liability was due may be reinstated by
complying with the following requirements, within six months from the first day of the month following
the month in which liability was due:
(1) She shall deposit with the collector the amount of money due at the time of her suspension together
with the amount which has become due since that time, such amounts to be held by the collector as a
deposit to await the action of the supreme medical examiner.
(2) She shall furnish at her own expense a new satisfactory medical examination from a qualified
medical examiner, which medical examination shall be sent to the supreme medical examiner, and shall
pay to the collector a fee of twenty-five cents which shall be forwarded to the supreme record keeper as
the fee for the supreme medical examiner.
(3) The supreme medical examiner shall notify the collector of the review of the approval or rejection
of such medical examination. If the medical examination is approved, the member shall be reinstated
without action by the review, and the amount on deposit shall be turned into the proper fund. If the
medical examination is disapproved, the collector shall return to the applicant all the money deposited
by her, and the suspension shall be permanent. The applicant for reinstatement shall not be entitled to
share in the benefit fund, or the privileges of the association, before her medical examination has been
approved.
III. The society has in force 1443 certificates on the twenty payment plan now discontinued. A
member holding twenty year payment whole life protection or twenty payment whole life and disability
protection whose certificate has been in force between five and twenty years, may temporarily discontinue
her payment, and shall thereupon be allowed an extension of protection for the full amount of her certificate
for a period not greater than her reserve will warrant.
IV. No provision in laws at the present time for distribution of surplus funds.
8—35^
546
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
Woman's Benefit Association of the Maccabees — Continued.
General Business Statement for the Year ending December .31, 1920.
Mortuary
. Funds.
Reserve
Funds.
Patriotic
Funds.
Junior
Protec-
tion
Funds.
Hospital
Service
and
Fraternal
Funds.
Expense
Funds.
Totals.
Balance from pre-
vious year
$ cts.
194,483 44
$ cts.
12,396,055 28
$ cts.
26,860 87
S cts.
3,470 73
$ cts.
323,922 36
S cts.
37,466 95
$ cts.
12,982,259 63
Income.
Net amount received
from members
2,120,665 6i
8,900 94
172 79
1,283 86
7,703 86
150 16
131,396 95
13,338 06
760,419 40
2,539 89
22 95
3,020,358 61
664,750 82
22 95
Gross interest, divi-
dends and rents
From all other source s
638,5.37 91
Gross profit on sale or
maturity of ledger
assets
995 25
2,017 98
995 ''a
Gross increase by ad-
justment in book
value of ledger as-
sets
102 48
0 20
3 30
2 123 96
Total income. . . .
2,129,669 03
641,551 14
1,456 65
7,854 02
144,735 21
762,985 54
3,688,251 59
Disbursements.
Total benefits paid. .
1,678,536 12
64 70
1,375 00
53,287 80
280 20
525,190 86
8,214 8-1
1,813 30
11,896 92
27,9/4 05
12,505 72
122,250 72
. 57 50
1,733,543 82
525 190 86
Commissions, fees,
salaries, and other
compensation of
officials and em-
Travelling and other
8,214 84
1,813'30
Insurance Depart-
Rent
11 896 92
27,974 05
12,671 42
Taxes, repairs and
other expenses on
165 70
All other disburse-
122,250 72
Gross decrease by
adjustment in book
value of ledger as-
sets
63 04
28,049 16
58 15
197 60
28,425 45
Total disburse-
ments
1,678,599 16
28,049 16
122 85
1,375 00
53,651 10
710,184 11
2,471,981 38
Balance before trans-
fers
645,553 31
13,009,557 26
472,806 37
28,194 67
9,949 75
415,006 47
90,268 38
14,198,529 84
Increase by transfers
472,806 37
Balance
645,553 31
472,806 37
13,482,363 63
28,194 67
9,949 75
415,006 47
90,268 38
14,671,336 21
Decrease by transfers
472,806 37
Balance
172,746 94
13,482,363 63
28,194 67
9,949 75
415,006 47
90,268 38
14,198,529 84
LEDGER ASSETS.
Book value of real estate $ 576,742 09
Book value of bonds and stocks 13, 050, 883 00
Cash on hand, in trust companies and in banks 570, 904 75
Total ledger assets $14, 198,529 84
LIFE INSURANCE COMPANIES 547
SESSIONAL PAPER No. 8
Woman's Benefit Association of the Maccabees — Continued.
NON-LEDGER ASSETS.
Total interest and rents due and accrued $ 141,406 46
Assessments actually collected but not yet turned ovei to Supreme Lodge 211,000 00
All other assets. ...^ 98,043 99
Gross assets S14, 648, 980 29
Deduct assets not admitted 63,021 79
Total admitted assets $14,585,958 50
LIABILITIES.
Liability under contracts in force for payments not due (Reserve) $21,541,139 00
Total death claims 213, 421 52
Salaries, rents, expenses, commissions, etc., due or accrued 70,345 23
Taxes due or accrued .^o 00
Total liabilities $21,825,270 75
EXHIBIT OF CERTIFICATES.
Number. Amount.
In force at beginning of vear 205, 974 $158,115,906 63
Written 33,406 29,572,950 00
Totals 239, 380 $187,688,856 63
Terminated by: —
Death 2,070 S 1,688,763 60
Lapse 14, 143 11,072,136 22
Expiration 59 48.7.50 00
Decrease 98,950 00
Total terminated 16,272 $ 12,908,599 82
In force at end of year 223, 108 $174,780,256 81
SUMMARY OF THE REPORT OF THE ACTUARY
made in accordance with the requirements of Section 112 of the Insurance Act, 1917 (1919 Amendment
affecting Friendly Societies).
The report was made by Mr. Miles M. Dawson, of New York City, Fellow of the Actuarial Society
of America, and Fellow of the Institute of Actuaries of Great Britain.
The rate of interest earned during the year on the mean net ledger assets was 4-915%.
Mortuary Fund.
Only women are admitted to membership.
As to mortality the yaluation was made on the "select" experience (select period, 3 years) of the
Society from the beginning up to the year 1913, a period of 20 years. The lapse factor wa.s not u.sed.
Annual comparisons of actual with expected mortality show that the table used is a safe one for valuation
purposes.
The combined Life and Total and Permanent Disability certificates provide for waiver of premiums
in event of disability and an annual payment of one-tenth of the face amount for nine years, the remaining
tenth being payable at death.
In the valuation of total and permanent and old age disabilitj', Krupp's Tables based on the indoor
or office experience of railroad employees was used.
Throughout, the rate of interest used was 4 per cent.
Most members were admitted at age last birthday; in a few cases age nearest birthday. In all cases
the age attained for valuation purposes was taken as x -j- n -1- 1 , where x is the age at entry and n the integral
number of years elapsed.
The premiums payable were valued by continuous annuities and provision was made for payment
of claims at the end of the year of maturitj'.
The membership is divided into two classes, namely, those admitted since .January 1, 1915, paying
N.F.C. 4% rates, designated "class A"; all others, paying somewhat lower rates, designated "class B".
Separate funds are, in a sense, maintained, but in the class B Balance Sheet there is included in the assets
the value of interest on bonds in possession in excess of 4% .and also the negative reserves shown in the
class A valuation. With an increasing class A membership the amount of the negative reserves is increas-
ing, and, therefore, in subsequent valuations the negative reserves disclosed will exceed the amount taken
credit for in the present valuation.
Certificates lapsed within two months of the valuation date were included in the valuation.
The By-laws of the Society make provision for expenses as follows: (1) per capita tax, (2) certificate
fee, (3) a loading on premiums of 5c. per month per $1,000, and (4) 80c. per month per $1,000 during the
first year of membership (saved from favourable mortality) provided the amount paid into the benefit
fund shall not be less than required to cover the current mortality costs.
548 DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
Woman's Benefit Association of the Maccabees — Continued
Valuation Summary (Mortuary Business — Whole Society).
No.
Description of of *Amount *Premium3 Value of Value of Negative
Certificates. Certi- Assured. Valued. Benefits. Premiums. Reserve. Reserve,
ficates.
Class B—
Oldrates 65,370 $54,166,493 $ 718.645 $26,494,474 $8,632,359 $17,862,115 $
Life 9,515 5,617,692 96,620 2,310,040 1,331,513 978,527
Term 3,064 2,379,595 14,740 125,647 106,-309 19,3.38
Lifeandacce 27 29,000 535 11,241 8,114 3,127
Newwholelife 127,139 96,588,672 1,. 573, 718 28,438,9.53 26,854,880 2,549,413 965,-340
Life and disability... 3,511 3,237 723 60,280 1,011,771 9.55,-380 123,217 66,826
New term 11,851 11,191,382 83,-5.56 880,642 1,020,927 140,285
Last illness and burial 1,119 -399,400 9,401 124,388 147,049 1,723 24,-384
20 pay life 854 669,000 15,831 191,347 194,892 1,682 5,227
20 pay life and disa-
bility 589 478,500 12,048 146,884 147,827 1,997 2,940
Totals 223,039$174,757,457 $2,585,374 $59,735,387 $39,-399,250 $21,541,1-39 $1,205,002
Old rate disability 34 $ 4,750 $ $ 1,263 $
New No. 3 disability. . 35 18,281 1,106 13,161 3,!
Summary St.wement or Reserves and Funds.
Fund. Required Reserv^e. Funds Available.
Class A $ 3,679,024 $ 3,869,165
ClassB 17,862,114 9,925,906
Junior Certificates value of contributions exceeds
value of benefits 9,950
Hospital Service and Fraternal Fund 415, 006
Patriotic Fund 28, 195
General Fund 90,268
Valuation Balance Sheet.
Class A.
Assets. Liabilities.
Funds applicable to benefits $ 3,992,952 16 Present value of benefits $-33,240,913 46
Present value of future contributions Accrued liabilities 114,534 44
less $1,205,002.30 carried to ClassB. 29,565,797 58 Value unpaid instalment claims.. 13,161 26
Surplus 190, 140 58
Total $33,558,749 74 Total $33,558,749 74
Class B.
Assets. Liabilities.
Tunds applicable to benefits $10,011,632 14 Present value of benefits $26,494,473 54
Present value of future contributions. 8,6-32,-359 07 Accrued liabilities 84,462 50
•Carried from Class A 1,205,002 30 Value unpaid instalments 1,263 32
Present value of interest on bonds in
possession above 4% 1 , 427, 372 00
Deficiency 5,303,833 85
Total $26,580, 199 36 Total $26,580, 199 36
Degree of solvency, 80' 05%.
The Actuary's certificate is as follows: —
I hereby certifiy that I have valued the 157,669 certificates carrying $120,590,964.44 protection of the
Class A or adequate rate class in which all entrants since January 1, 1905 have been placed, and find as
follows:
1. That full actuarial reserves for Class A are maintained and that the use of these reserves is confined
and safeguarded to the members of this class alone, by the provisions of the laws of the Association.
*Taken to nearest dollar.
LIFE INSURANCE COMPANIES 549
SESSIONAL PAPER No. 8
Woman's Benefii Association of the Maccabees — Continued.
2. That the rate tables in force for all members of Class A and for all members to be hereafter admitted
to the Association are based on the National Fraternal Congress Table or a higher table, and that I consi-
der them adequate for the future experience of the Association.
3. That in my opinion the assess of the Association applicable to the Class A membership, together
with the benefit contributions to be hereafter received from the members according to the scale in force
at the date of the said valuation are sufficient to provide for the payment at maturity of all the obligations
of Class A without deduction or abatement.
I further certify as to Class B which consists of the members on the original rates, which are some-
what lower than those based on the N.F.C. Table.
1. That I have valued the benefit certificates of the 65,370 members of this class as of December 31,
1920, together with the assets of the Association applicable to said class and find the following condition:
Class B originally consisted on January 1, 1905, when the Association was separated into classes, (all
members thereafter entering Class A on adequate rates) of 122,432 members carrying §98,075,491 protection.
On December 31, 1920, as of which date this valuation was taken, it consisted of 65,370 members carrying
protection amounting to §54,166,492.69 in protection, having lost 14,698 members for 112,570,233.98 protec-
tion by death and 42, .364 members for 131,338,764.33 protectionby suspension. The valuation of ClassB, as
of December 31, 1920, shows that this group has present assets accumulated from their own contributions
and the interest thereon of .§7,127, .381. 02. There has also been contributed to them by favorable mor-
tality, excess interest earnings over the 4% required by the valuation, and other favoring conditions
the amount of .§4,151,510.42, besides which there is a present worth of excess interest on bonds now
actually owned by the Association and netting a higher rate than the 4% required of $1,427,372.00, and
the present value of net contributions to be made in future by members of Class A (counting upon nck
increase of their number and no diminution except by death) is $1,205,002.30.
2. That Section 317 of the present laws of the Association makes the following provision for transfer
of the Class B members to the adequate rate plan. Provided further that Class B members desiring to
change to Class A shall be credited with all reserve accumulated from their payments and rated accord-
ingly * * * . It is provided further that the board of trustees may from time to time submit, in
accordance with the provision of the laws of the Association, to all members in Class B desiring to transfer
to Class A selective plans which shall enable Class B members to transfer to Class A without impairing,
the required reserves of Class A, whenever it shall appear to said board of trustees to be for the interests-
of this Association so to do.
3. That the officers of the Association have fully in mind the provisions of Sec. 110 of Chapter 57,.
of 9-10, Geo. V. and are making plans to meet its requirements by the requisite transfer of Class B tc>>
Class A.
(Signed) Miles M. Dawson,
F. I. A., F. A. S.
Junior Certificates.
This Fund is entirely separate from the Mortuary Fund.
There are two Schedules of benefits. Schedule vii, and Schedule viii. Under Schedule viii. the benefit
depends on age at death, being $40 at age 2 increasing to a maximum of .$400 at age 15 and thereafter decreas-
ing to $80 for ages 00 and over. The net annual premium is $1 .61.
Under Schedule vii. the benefit consists of increasing temporarv insurance to age 18. At age 2 the
benefit is $34, while at age 18 it is $600. The net monthly premium carried to the Fund is 14c.
The valuation bases were as follows: Schedule vii, English Life Table No. 6, 4%; Schedule viii
Standard Industrial 4%. '
Valuation Summary.
Number Value Value Reserve Negative
of of of Required. Reserve.
Juniors.
Schedule vii 559
Schedule viii 7, 728
Value
Value
of
of
Benefits.
Premiums.
$ 14,333
$ 19,214
76,294
90,553
4,881
14,266
Totals 8,287 $ 90,627 $ 109,767 $ 7 $ 19,147
V.^LUATioN Balance Sheet.
Assets. Liabilities.
Funds applicable to benefits $ 9 , 949 75 Present value of benefits
Present value of future net contribu- Accrued liabilities.
90,626 85
46 00
tions 109,766 30 Surplus 29,043 20
Total $ 119,716 05 Total $ 119,716 05
550
DEPARTMENT OF INSURANCE
11 GEORGE V, A. t^2t
Woman's Benefit Association of the Maccabees — Concluded
Canadian Business.
Valuation Summary — Whole Business.
No. Value ' Value
of mem- Amount Premiums of of Reserve
bers. Assured. Payable. Benefits. Premiums.
Wholelife 1,278 §1,000,921 S 17,024 $ 305,755 S 285,780 $ 32,556
Whole life and dis-
ability 163 146,500 2,841 43,616 46,266 1,324
TermtoageSO 173 156,250 1,199 12,746 15,352 37
^0 Pay life 8 5,000 123 1,479 1,505 37
20 Pay life and disa-
bility 18 14,000 356 4,352 4,367 03
Last illness and burial 10 4,400 91 1,187 1,496
Class B
Wholelife 409 397,457 5,435 191,803 66,463 125.340
2,059 $1,724,528 % 27,069 % 560,938 $ 421,229 $ 159,. 357
Negative
Values.
$ 12,581
3.974
2,643
63
78
309
19,648
Valuation Summary — Business since Date of License.
Whole life
Whole life and disability.
Term Protection
Last illness and bunal
No.
of mem-
bers.
402
101
49
5
Amount
Assured.
$ 339,000
89, 000
46.500
2,800
Premiums
■Payable.
§ 5,256 10
1,535 93
298 99
43 26
Value
of
Benefits.
% 96. 102
27,008
4,375
763
Value
of
Premiums.
94,409
26, 478
4,343
749
Reserve.
$ 1,693
530
32
14
557 $ 477,300 $7,164 28 $ 128,248 $ 125,979 $ 2,269
Note by Department:^ — The Society first obtained a Dominion license January 23, 1920, and by virtue
of the provisions of the Insurance Act, maintains a deposit with the Receiver General of Canada in respect
of members admitted since that date equal to the N.F.C. 4% net level premium reserve in respect of
certificates in force is.sued since date of license. The deposit must not, however, in any case be less than
§10,000. The amount of deposit as at December 31, 1920, was $11,000.
LIFE lySURANCE COMPANIES
551
SESSIONAL PAPER No. 8
THE CANADIAN ORDER OF THE WOODMEN OF THE WORLD.
Statement for the Year ending December 31, 1920.
Head Consul Commander, Clair Jarvis — Head Clerk, P. C. Hooper —
Head Office, London, Ont. — Consulting Actuary, Dr. F. Sanderson.
(Incorporated April. 1, 1893, by 56 Vic, cap. 92. Commenced business, July 6, 1893.)
SUMMARY BALANCE SHEET BY FUNDS.
Mortuary
Fund.
Sickness
Fund.
General
Expense
Fund.
Totals.
Ledger assets
Add excess of total Department's value of ledger
assets over total book value
S cts.
1,024,006 92
1,726 29
Total ledger assets taken at Department's value.
Non-ledger assets: —
Due from members
Interest due and accrued
Office furniture
1,025,733 21
18,770 08
27,301 69
Total assets.
Liabilities...
Surplus .
1,071,804 98
932,504 74
139,300 24
$ cts.
63,264 82
453 03
S cts.
1,417 07
S cts,
,088,688 81
2,179 32
63,717 85
904 58
2, 198 44
1,417 07
2,939 90
"i.ooooo
1,090,868 13
22,614 56
29,500 13
1,000 00
66,820 87
52,080 00
5,356 97
1,564 28
,143,982 82
986,149 02
14, 740 87
3,792,69
157,833 80
SYNOPSIS OF LEDGER ACCOUNTS BY FUNDS.
Mortuary
Fund.
Sickness
Fund.
General
Expense
Fund.
Totals.
As at December 31, 1919:—
Net ledger assets
$ cts.
925,376 76
2,475 60
S cts.
59,211 09
$ cts.
2,595 27
$ cts.
987,183 12
2,475 60
Total ledger assets
927,852 36
59,211 09
2,595 27
989,658 72
Increase in ledger assets in 1920: —
Income
193,819 45
462 14
9,883 42
11,708 52
215 411 39
462 14
Transferred from mortuary fund
20,444 49
20,444 49
..194,281 59
9,883 42
32.153 01
236,318 02
Decrease in ledger assets in 1920: —
77,682 54
20,444 49
5,829 69
. 33,331 21
116,843 44
Transferred to expense fund
20,444 49
98,127 03
5,829 69
33,331 21
137,287 93
As at December 31, 1920:—
Net ledger assets
1,021,069 18
2,937 74
63,264 82
1,417 07
1,085,751 07
Items in suspense
2,937 74
1,024,006 92
63,264 82
1,417 07
1,088,688 81
552 DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
Woodmen of the World — Continued.
ASSETS (All Funds).
Ledger Assets.
Book value of real estate, unencumbered, held by the Society (476 and 478 Richmond St.,
London, Ont., actual cost, $22,000; Department's value, S25,000) S 22,000 00
Mortgage loans on real estate, first liens, 252, 650 71
Book value of bonds, debentures and debenture stocks owned by the Society (For details
see Schedule C) 739, 776 09
Cash:— At Head Office, §50; in banks, $24,212.01 24,262 01
Trusts and Guarantee Investment 50, 000 00
Total Ledger Assets 8 1,088, 688 81
Add excess of total Department's value of real estate, bonds, debentures and stocks over
total book value 2, 179 32
Total ledger assets taken at Department's value SI, 090, 868 13
Non-Ledger Assets.
Due. Accrued.
Interest or dividends on —
Mortgages S 382 47 S 3, 746 08
Bonds and debentures 13,914 88 11,456 70
Total interest S 14,297 35 S 15,202 78
1 29,500 13
Premiums, contributions, etc., due —
Mortuary Fund S 18, 770 08
Sickness Fund 904 58
General Expense Fund 2, 939 90
22,614 56
Office furniture 1,000 00
Total Non-Ledger Assets S 53, 114 69
Total Assets S 1, 143, 982 82
LIABILITIES.
Mortuary Fund —
Liability under contracts in force for payments not due (Resel•^'e) $ 901,817 00
Liability for unadjusted payments due under contracts, (including monu-
ments) 27,250 00
Provision for unreported claims 500 00
Items in suspense 2, 937 74
S 932,504 74
Sickness Fund —
Liability under contracts in force for payments not due (Reserve) 52, 080 00
General Expense Fund — Salaries, rents and office expenses, due and acrued 1, 564 28
Total LiabUities S 986, 149 02
INCOME.
Mortuary Fund: —
Premiums $ 139, 238 97
Interest, dividends and net rents 53, 636 84
Gross profit on sale of ledger assets 943 64
$ 193,819 45
Sickness Fund: —
Premiums $ 7 , 000 03
Interest, dividends and rents 2,883 39
Investigation and General Expense Fund : —
From members: —
Per Capita Tax 8 11,209 02
Certificate fees 473 00
Changes in policies , 26 50
11,708 52
9,883 42
Tojal Income S 215,411 39
LIFE INSURANCE COMPANIES
553
SESSIONAL PAPER No. 8
Woodmen of the World — Continued.
DISBURSEMENTS.
Mortuary Fund: —
Death claims.. S 73,232 54
Monuments 4,450 00
$ 77,682 54
Sickness Fund: —
Sickness claims $ 5,279 69
Funeral claims 550 00
5,829 69
Total disbursements in respect of membership certificates $ 83, 512 23
General Expense Fund: —
Head office expenses: — Salaries, S8,989.45; directors' fees, $626.15; auditors'
fees, .1600.; actuaries' fees and expenses, $250.; travelling expenses,
$1,436.13; rents, SI, 000 $ 12,901 73
Agency expenses: — Commissions, salaries and travelling expenses 11, 062 53
All other expenses: — Advertising, $105.11; fees and licenses, $572.70;
express, telegrams and telephones, .S217.52; legal fees, $103; medical
grants, $442; office furniture, $109.70; postage, $558.29; printing
and stationery, $1,837.69; official publication, $1,786.75; investigations,
$1,075.20; head camp, $2,075.37; miscellaneous, $483.62 9,366 95
33,331 21
Total Disbursements $ 116,843 44
EXHIBIT OF CERTIFICATES.
Classification.
Whole Life.
No.
Amount.
At end of 1919
5,769
875
$
5,378,949
New issued
661,000
Totals
6,644
6,039,949
Less ceased by:^
Death
86
375
91,000
Lapse
271,535
Total ceased
461
362,535
At end of 1920
6,183
5,677,414
EXHIBIT OF SICKNESS CERTIFICATES.
In force December 31, 1919
New issued during 1920
Total
Terminated during 1920 by —
Death
Lapse
Total terminated .
In force December 31, 1920
979
384
1,363
12
111
123
1,240
554
DEPARTMENT OF INfiVRAXCE
11 GEORGE V, A. 1921
Woodmen of the World — Continued.
SUMMARY OF THE REPORT OF THE ACTUARY
made in accordance with the requirements of Section 112 of the Insurance Act, 1917 (1919 amend-
ment affecting Friendly Societies).
The report was made by Dr. Frank Sanderson, of Toronto, Fellow of the Actuarial Society of
America, and Fellow of the I'aculty of Actuaries in Scotland.
The average rate of interest earned during the year on the mean net ledger assets was 5-60%.
The valuation bases were — As respects the Mortuary Department: — Whole Life policies with contin-
uous premiums and paid-up policies were valued on the N .F.C. 4% basis, the sums assured and premiums
applicable to benefits purposes being valued separately at ages attained by the continuous functions Ax
and ai. Twenty Payment Life policies were also valued upon the N.F.C. 4% basis. The term policies
were valued by approximate methods, the reserve made being not less than the reserve on the N.F.C.
4% bases.
As respects the Sickness and Funeral Department: — The sickness Certificates were valued at ages
attained, the benefits and premiums separately, by tables based on the Manchester-Lenity Experience as
to sickness combined with N.F.C. mortality and 3|% interest. The funeral benefits were similarly
valued, N.F.C. 4%.
Ages attained for valuation purposes were the "Office ages attained" plus one-half year.
Provision is made in Whole Life and Twenty Payment Life policies for the issue of paid-up policies
for reduced amounts on the discontinuance of premiums after five years. The values of such paid-up
policies are within the reserves held. No cash values are given. Except in the case of members who
selected the SlOO monument benefit as at .July 1, 1914, the monument benefit is limited to SoO, and is
contingent upon there being a surplus above liabilities. The full reserve, however, has been made through-
out for the maximum amount of monument benefit.
The annual dues for expenses have been reserved in the valuation, but until the membership increases
the present provision for expenses is inadequate.
Valuation, Mohtcaby Fund, as at December 31, 1920.
Whole Life Policies and Monument Benefits.
Age
attained
at
Dec. 31,
1920.
No. of
Policies.
Sums Assured.
Annual
Premiums
Payable
Monthly.
Value of Sums Assured
Value
of
Pre-
miums
Net
Liability
Policies
Monu-
ments.
Total.
Policies.
Monu-
ments.
Total.
16-19
20-24
25-29
30-34
35-39
40-44
45-49
50-54
55-59
60-64
65-69
70-74
75-79
80-84
85 and over
59
150
321
482
613
708
708
792
555
389
240
177
92
8
1
S
39,250
98,000
235,250
375,500
502,500
610,500
672,750
766,250
617,500
440,250
291,500
215,500
107,500
9,750
1,000
S
2,950
7,850
18,250
29,150
36,700
41,900
41,000
45,100
31,050
22,250
13,250
9,700
4,850
450
100
$
42,200
105,850
253,500
404,650
539,200
652,400
713,750
811,350
648,550
462,500
304,750
225,200
112,350
10,200
1,100
S cts.
416 76
1,087 56
2,766 48
4,975 68
7,638 36
10,890 24
14,423 16
19,849 80
19,526 40
17,450 04
14,745 00
11,651 28
5,805 36
542 76
54 00
S
8,557
22,477
60,524
109,235
165,306
228,459
287,280
370,575
339,188
270,222
198,480
161,429
86,939
8,397
896
643
1,847
4,695
8,476
12,062
15,665
17,485
21,808
16,968
13,647
8.944
7,343
3,921
388
90
$
9,200
24.324
65,219
117,711
177,368
244,124
304,765
392,383
356,156
283,869
207,424
168,772
90,860
8,785
986
$
8,305
21,492
53,333
92,349
133,776
177,444
214,062
265,656
227,576
173,683
120,784
85,340
28,544
1,968
194
S
895
2,832
11,886
25,362
43,592
66,680
90,703
126,727
128,580
110,186
86,640
83,432
62,316
6,817
792
Totals...
5,295
4,983,000
304,550
5.287,550
131,822 88
2,317,964
133,982
2,451,946
1,604,506
847.440
Valuation Summary, Mortuary Department.
Number.
Sums
assured
(including
Monu-
ments).
Net
liability
(including
Monu-
ment
reserve.)
Whole Life
Twenty Payment Life
Term Policies
Paid-up Policies
Reserve Policies subject to revival. ,
Special Reserve for extra Mortality.
Totals
5,295
832
38
18
5,287,550
696,850
38,900
2,164
6,183
6,025,464
847,440
22,433
840
1,104
5,000
25,000
901,817
LIFE INSURANCE COMPANIES
555
SESSIONAL PAPER No. 8
Woodmen of the World — Continued.
Valuation Balance Sheet, December 31, 1920.
(a) Mortuary Department.
Assets. Liabilities.
Funds applicable to Mortuary Benefits? 1,076,991 Present value of Mortuary Benefits $ 2,
Present value of future premiums 1,767,155 Claims outstanding
Special reserves to cover possible
extra mortality and reinstate-
ments
Surplus
Total S 2,844,146 Total $ 2,844,146
Degree of solvency, 105-3%.
(b) Sickness and Funeral Department.
Assets. Liabilities.
Funds applicable to S. and F. BenefitsS 66,733 Reserve: — Sickness $
Funeral
Surplus
Total $ 66,733 Total 8
,638,972
30,688
30,000
144,486
48,045
-4,035
14,653
66,733
The Actuary certifies in respect of each fund that the assets of the Order applicable to benefits together
with the future contributions of members according to the scales in force at date of valuation are sufficient
to provide for the payment at maturity of all obligations of the Funds, without deduction or abatement.
Schedule C.
Bonds and debentures — Par
Governments — Value.
Canada— Victory Loan $ 260,000 00
Ontario— Debentures 25, 000 00
$ 285,000 00
Cities —
Alberta —
Calgary $ 6,866 66
Edmonton 25,786 04
British Columbia —
Port Moody 6,000 00
Revelstoke 13, 000 00
Trail 10,000 00
*Vernon 15, 000 00
Maiiitoba — Brandon 6, 345 95
Ontario —
Fort William 15, 000 00
London 29, 000 00
Port Arthur 7, 000 00
Windsor 15, 000 00
Qa(?6ec— Hull 10, 000 00
$ 158,
Towns — ■ —
Alberta —
Hardisty $ 4,
Innisfail 4,
Ponoka 1,
St. Albert 6,
Tofield 8,
Manitoba —
Gladstone 2,
Transcona 7,
Ontario —
Burlington 5 ,
Clinton 5 ,
Goderich 1 ,
Fort Erie 9,
Haileybury 10,
Hawkesbury 3,
Kenora 5,
Leaside 9,
Lindsay 6,
*On deposit with Receiver General.
Book
Value.
S 254,901 87
24,821 74
Depart-
ment's
Value.
% 254,901 87
24,821 74
$ 279,723 61 $ 279,723 61
5,836 62 % 5,927 99
22,529 92
22,996 74
4,880 87
4,880 87
10,968 33
10,968 33
10,533 52
10,533 52
13,541 62
13,350 00
5,761 12
6,003 68
14,208 09
14,208 09
29,000 00
29,000 00
6,107 53
6,440 00
13,762 46
13,762 46
9,964 51
10, 100 00
998 65 $ 147,094 59 $ 148,171
373 96 %
4,017 97 S
4,017 97
630 98
4,371 93
4,371 93
858 89
1,771 66
1,673 00
876 03
6,964 95
6,609 89
103 79
7,624 60
7,698 60
623 05
2,623 05
2,649 28
909 78
7,799 89
7,829 70
360 10
4,942 77
4,931 29
341 69
5,341 69
5,116 02
654 73
1,654 73
1,605 09
652 39
8,659 58
8,976 72
312 94
9,890 66
9,890 66
248 15
3,313 49
3,313 11
000 00
5,000 00
5,000 00
898 59
9,762 81
9,799 60
801 94
6,801 94
6,801 94
556
DEPARTMENT OF INSURANCE
Woodmen of the World — Concluded.
11 GEORGE V, A. 1921
Schedule C. — Concluded.
Par
Bonds and debentures— ConcZi«ie<f. Value.
Towns — Concluded .
Saskatchewan —
Battlcford S 2,907 87 $
Canora 11 , 585 01
Estevan 20, 267 34
Humboldt 26, 231 26
Kindersley 2, 062 83
Melfort 10, 000 00
Melville 12,668 67
Nokomis 15,241 65
Okotoks 842 48
Outlook 3,371 65
Scott 16, 825 90
Swift Current 12,229 07
Depart-
Book
ment's
Value.
Value.
2,879 10
$ 2,886 71
10,044 06
10,300 58
20,714 34
18,037 93
25,326 45
25,460 51
2,062 83
1 , 980 32
8,396 29
9,400 00
10,579 48
11,655 18
13,4.32 59
14,479 37
839 73
825 63
3,371 65
2,967 05
15,523 90
15,523 90
14,012 79
11,984 49
$227,880 74 $217,724 93 $215,786 47
Villages —
^i6er/a— North Red Deer S 400 00 $ 396 14 $ 384 00
Ontario— Lucan 2,615 67 2,615 67 2,438 73
SasJcatchewan —
Biggar 6, 000 00
Govan 800 00
Kerrobert 4,800 00
6,000 00
800 00
4,583 13
5,880 00
776 00
4,368 00
$ 14,615 67 $ 14,394 94 $ 13,846 73
Townships, Districts or Municipalities —
British Columbia —
Point Grey S 7, 299 99
South Vancouver 10, 000 00
Summerland 15, 000 00
Manitoba — Greater Winnipeg Water District 25, 000 00
6,009 34 $ 6,204''99
9,262 94 9,200 00
12,833 81 12,900 00
23,367 97 23,367 97
$ 57,299 99 $ 51,474 06 $ 51,672 96
Schools, Quebec —
Cote des Neiges.
St. Gregoire
6,000 00
7,000 00
6,000 00 $ 6,180 00
7,000 00 7,210 00
$ 13,000 00 $ 13,000 00 $ 13,390 00
Miscellaneous —
American Road Machine Co. (G'teed bv
Goderich), 1927 to 1930, 4J p.c $
Hydro Electric Power Comm. of Ontario,
(G'teed by Ontario, 1957), 4 p.c.
11,031 85 $
9,000 00
10,122 92 $ 10,122 92
6,241 04 6;241 04
$ 20,031 85 $ 16,363 96 $ 16,363 96
$ 776,826 90 $ 739,776 09 $ 738,955 41
LIFE INSURANCE COMPANIES 557
SESSIONAL PAPER No. 8
THE WORKMEN'S CIRCLE
Statement for the Year ending December 31, 1920
President, E. H. Jeshurin — Vice-President, I. Alpert — Secretary and Manager, Joseph Baskin
Head Office, 175 E. Broadway, New York, N.Y.
(Incorporated Nov. 22, 1905, under section 230 Article VII Chapter 690 of the Insurance
Laws of New York, 1892. Commenced business in Canada, March, 1920).
ASSETS IN CANADA (All Funds).
Ledger Assets.
Held solely for the Protection of Canadian Members.
Market value of bonds, debentures and debenture stocks owned by the Society, on deposit
with Receiver General % 9,600 00
Par value. Market
Dominion of Canada— Victory Loan $ 200 00 $ 200 00
Dominion of Canada— War Loan 10,000 00 9,400 00
% 10,200 00 $ 9,600 00
Other Ledger Assets.
Cash in Bank of Montreal, Montreal 9,288 10
Total Ledger Assets $ 18,888 10
Non-Ledger Assets.
Interest accrued on —
Bonds and debentures $ 126 83
Bank account 40 64
Premiums, contributions, etc., due: —
Mortuary Fund $ 2,030 44
Sickness Fund 1,305 55
General Expense Fund 1 , 015 45
167 47
4,351 44
Total Non-Ledger Assets $ 4,518 91
Total Assets in Canada $ 23,407 01
LIABILITIES IN CANADA.
Mortuary Fund —
Liability under contracts in force for payments not due (Reserve) $ 11,374 00
Liability for payments due under contracts: — Adjusted but unpaid-
Issued before license 5C0 CO
$ 11,874 00
Sickness Fund: —
Liability under contracts in force for payments not due (Reserve) 59, 833 00
Total Liabilities in Canada $ 71,707 00
INCOME IN CANADA.
Mortuary Fund —
Premiums $ 7,305 52
Interest, dividends and rents 359 37
$ 7,664 89
Sickness Fund —
Premiums 7,464 00
General Expense Fund —
From members 3 , 869 06
Total Income in Canada $ 18 , 997 95
558
DEPARTMEyT OF INSURANCE
11 GEORGE V, A. 1921
The Workmen's Circle — Coniinued
DISBURSEMENTS IN CANADA.
Mortuary Fund —
Death Claims S 1 , COO 00
Sickness Fund —
Sickness Claims 5,844 69
Total disbursements in respect of membership certificates $ 7, 444 69
General Expense Fund —
Agency and organization expenses:^ — Commissions 458 82
Totai Disbursements in Canada % 7, 903 51
EXHIBIT OF CERTIFICATES.
Whole Life.
Classification.
Since date of
license.
Prior to date of
license.
No.
Amount.
No.
Amount.
At end of 1919
$
1,582
217
55
54
$
379,400
New issued
452
7
103,500
2,700
60,600
Old revived
Transferred to
12,700
14,100
Totals
459
106,200
1,908
466,800
Less ceased by: —
Death
5
366
1,300
Lapse
Decrease
35
8,000
89,200
400
Transferred from
1
100
71
15,600
Total ceased
36
8,100
442
106,500
At end of 1920
423
98,100
1,466
360,300
1,562
667
62
2,291
5
401
19
425
EXHIBIT OF SICKNESS CERTIFICATES (Whole Society).
In force December 31, 1919
New issued during 1920
Revived during 1920
Total ;
Terminated during 1920 by: —
Death >
Lapse ;
Transfer
Total terminated
In force December 31, 1920
MISCELLANEOUS STATEMENT.
I. The Workmen's Circle is authorized to do and does business in the following states of the United
States of America and provinces of the Dominion of Canada: — Alabama, Connecticut, California, Colorado
Delaware, District of Columbia, Florida, Georgia, Indiana, Illinois, Louisiana, Maine, Maryland, Minne-
sota, Michigan, Missouri, Massachusetts, Nebraska, North Dakota, New Jersey, New York, Ohio,
Oregon, Pennsylvania, Rhode Island, Texas, Tennessee, Utah, Virginia, Washington, West Virginia,
Alberta, British Columbia, Manitoba, Ontario, Quebec.
II. A member suspended for nonpayment may in the course of six weeks become of good standing
by paj'ing his indebtedness to the Branch. After that and within six months he may be reinstated by
passing a medical examination and paying his entire indebtedness to the Branch and General Office, also
the dues for the past Quarters. After six months he may be readmitted only as a new member, he must
however, pay all his dues to the Branch. A suspended member is not entitled to any benefits.
III. The Surpkis funds of the Society are not distributed among any class of members.
1,866
LIFE INSURANCE COMPANIES
559
SESSIONAL PAPER No. 8
The Workmen's Circle — Continued
General Business Statement fob the Year ending December 31, 1920*
Mortu-
ary
Funds.
Reserv-e
Funds.
Disabi-
lity
Funds.
Sana-
torium
Funds.
Volun-
tary
Contri-
butions.
Expense
Funds.
Suspense
Fund.
Total.
Balance from previous year
$ cts.
134,354 61
$ cts.
825,767 07
$ cts.
84,654 49
$ cts.
145,300 57
$ cts.
37,038 13
$ cts.
11,147 22
$ cts.
$ cts.
1,238,262 09
Income.
178,574 81
359 37
125,712 77
47,339 77
585 25
530 00
273,889 85
4 44
1,416 16
96,175 24
68,214 83
147,983 57
890,551 07
Gross interest, dividends and
47, 70S 58
25,487 75
13 15
25,203 18
38,524 71
91,230 20
Gross increase by adjustment in
530 00
178,934 18
174,167 79
275,310 45
121,662 99
68,227 98
173,186 75
38,524 71
1,030,014 85
Disbursements.
97,447 93
207,191 49
304,639 42
Commissions, fees, salaries and
other compensation of ofEcials
53,811 OS
- 339 96
1,117 81
2,516 63
3,159 0.0
53,811 08
339 96
1,117 81
Rent . .
2,516 63
3,159 OO
Taxes, repairs and other expenses
685 45
119,026 Ofi
4,797 95
685 45
1,157 55
9,400 00
72,086 48
123,016 24
36,524 77
351,811 07
Gross decrease by adjustment in
14,197 95
97,447 93
10,557 55
207,191 49
124,509 43
72,086 48
183,960 72
36,524 77
732,278 37
Balance
215,840 86
989,377 31
152,773 45
142,454 13
33,179 63
373 25
1,999 94
1,535,998 57
LEDGER ASSETS
Book value of real estate $ 99,661 57
Mortgage loans on real estate, first liens 102,500 00
Book value of bonds and stocks 1 , 142 , 485 95
Cash on hand, in trust companies and in banks ' • 100,888 13
Other ledger assets 90,462 92
Total ledger assets $ 1,535.998 57
NON-LEDGER ASSETS
Total interest and rents, due and accrued.
All other assets
14,410 70
23,621 80
Gross assets $ 1,574,031 07
Deduct assets not admitted 142,533 22
Total admitted assets $ 1,431,497 85
LIABILITIES
Liability under contracts in force for payments not due (Reserve) —
Mortuary Fund $ 1 ,042,066 00
Sickness Fund 2,386,136 00
Total death claims 59,077 18
Total permanent disability claims 107 07
Total sick and accident claims 7 60
All other liabilities 27,835 51
Total liabilities S 3,515,229 36
EXHIBIT OF CERTIFICATES.
In force at beginning of year.
Written
Renewed
Increased
Number. Amount.
75,450 $20,161,400 00
12,911 3,341,300 00
1,464 377,200 00
35,700 00
Totals.
89,825 $23,915,600 00
560 DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
The Workmen's Circle — Concluded
EXHIBIT OF CERTIFICATES— Concluded.
Terminated by: — Number. Amount.
Death 3.51 $ 101,400 00
Lapse 7, 877 1 , 9.36, 600 00
Rejection 26 6, 700 00
Total terminated 8,254 $ 2,044,700 00
In force at end of year 81,571 $21,870,900 00
SUMMARY OF THE REPORT OF THE ACTUARY
made in accordance with the requirements of Section 112 of the Insurance Act, 1917 (1919 Amendment
affecting Friendly Societies).
The Report was made by Mr. C. W. Jackson of New York City, Fellow of the Actuarial Society of
America.
The benefits granted requiring valuation are: Ordinary life insurance in amounts of $100, S200 and $400;
and sickness insurance, including a consumption benefit, being either sanitarium treatment or a single
cash benefit of $200. No withdrawal benefits are given.
The rate of interest earned during 1920 on the mean net benefit funds was 4.48%.
Mortuary Fund.
An investigation into the mortality experienced, including influenza claims, during the last three years
showed in comparison with the N.F.C. Table favourable results at young ages and unfavourable at
advanced ages. In the aggregate for all ages the agtual claims were well within the expected.
For the present valuation the bases used were throughout N.F.C. 4%.
Premiums increase at the end of each of the first four calendar years after issue and thereafter remain
uniform. Separate provision for expenses is made, and therefore the premiums payable were valued,
but all negative values were excluded. Provision was made for payment of claims immediatelj' on matu-
rity, and for payment of premiums continuously, this being on the safe side as premium payment is actually
made quarterly. The valuation was made at the average integral age attained.
Valuation summary: number of certificates, 81,576; amount assured, $21,872,400; value of amount of
insurance, $6,807,487; value of premiums $5,765,421; net liability, $1,042,066; negative values excluded,
S9.373.
V.\LTJATiON Balance Sheet, Mortuary Fund, as at December 31, 1920
Assets. Liabilities.
Funds applicable to benefits $ 1 , 1 63 , 967 49 Present value of benefits $ 6 , 807 , 487 00
Value of future contributions applicable Claims outstanding 59,077 18
to benefits 5,765,42100 Premiums on applications pending. 683 00
Surplus 62,141 31
Total S 6,929,388 49 Total S 6,929,388 49
Degree of solvency, 106%.
The Actuarj' certifies that, in his opinion, the funds of the Society, applicable to the Mortuar>' Fund>
taken at the value accepted by the Superintendent, together with the premiums to be hereafter received
from the members according to the scale in force at the date of this valuation, are suflScient to provide
for the payment at maturity of all the obligations of the said fund without deduction or abatement.
Canadian Mortu.^rt Business
Valuation summary of business issued prior to date of license : Number of certificates, 1,392; amount
assured, $336,000; valueofsum assured, $101,139; value of premiums, $90,406; net liability, $10,733; negative
reserves excluded, $17.00.
Valuation summary of business issued since date of license: Number of certificates, 497; amount assured,
$122,800; net liability, N.F.C. 4%, $641.
Sickness Fund (including Consumption benefit).
The condition of this Fund is now receiving consideration with a view to a readjustment of rates which
are believed to be in.sufficient to provide the benefits granted. Tentative valuations were made of which
summaries are given below.
Valu.\tion Summary, whole society. — Number of certificates, 72,344; value of benefits, $7,509,935;
value of premiums, $5,123,799; reserve required, $2,386,136; available funds, $138,742.19.
Valuation Summary of the whole Canadian business. — Number of certificates, 1,866; value
of benefits, $193,520; value of premiums, $133,687; reserve required, $59,833.
Valuation Summary of Canadian business issued since d.^te of license. — Number of certificates,
495: value of benefits, $51,327; value of premiums, $35,685; reserve required, $15,642.
Note by Department: The Society first obtained a Dominion license March 13, 1920, and, by virtue
of the provisions of the Insurance Act, they maintain a deposit with the Receiver General of Canada,
in respect of members admitted since that date, equal to the net level premium reserve in respect of certi-
ficates in force issued since date of license. The deposit must not, however, in anj* case be less than $10,000.
The amount of deposit as at December 31, 1920, was $10,200.
11 GEORGE V SESSIONAL PAPER No 8 A. 1921
APPENDIX A
List of Directors and Shareholders
AS AT DECEMBER 31, 1920
OR SUBSEQUENT DATE.
8—36* 561
562
DEPARTMEyT OF INSURANCE
11 GEORGE V, A. 1921
THE CANADA LIFE ASSURANCE COMPANY.
List of Directors — (As at December 31, 1920).
Shareholders' Directors — H. C. Cox, E. R. Wood, Adam Brown, F. LeM. Grasett, Dr. John Hoskin, K.C.,
Kenneth Mackenzie, Leighton McCarthy, K.C., J. H. Plummer, D.C.L., H. A. Richardson, Robert
Stuart.
Policyholders' Directors — Robert Bickerdike, M.P., Brigadier-Gen. The Hon. Sir John M. Gib.son,
K.C.M.G., Hon. Sir James A. Lougheed, K.C.M.G., Wm. B. Meikle, Right-Honourable Sir Thomas
White.
List of Sh-^reholders — (As at December 31, 1920).
Name.
Address.
No. of
shares
Amount
subscribed
and paid
in cash.
Bedells, Mrs. Clara Louisa
Bellhouse, Miss Atha Ellen
Bender, Mrs. A. L
Brock, Mrs. Anna Maud
BrowB, Adam
Bruce, Mrs. Agnes
Burnham, Mrs. Helena Frances
Bruce, Ralph R
Burns, Herbert D., Manager in Trust
Burns, Herbert D., Manager in Trust
Burton, Geo. F
Burton, Geo. F., Administrator
Burton, A. G. T
Burton, Mrs. Mary E., care of Geo. F. Burton, Esq
Burton, Mrs. Sarah E
Cameron, Mrs. Elizabeth S
Cameron, Mrs. Florence de la Garde
Cathcart, Rev. Nassau
Cawthra, Henrj- Victor Holton
Cawthra, Miss Grace Kennaway
Central Canada Loan and Savings Company
Cheyne, A. D
Cockburn, Mrs. Irene
Cowcher, Estate of the late Mrs. Mary, care of Geo. F.
Burton, Esq
Cox, H. C
Crossley, Mrs. Emily [Richard Juson Kerr
i Erskine A. Crossley
[F. M. Crossley
Mrs. Lila W. N. Darling
Davis, Mrs. Emma J
Durnford, Mrs. Mar^- Oneida Gait, Executrix of Estate
of late A. D. Durnford, care of Durnford & Co., Ltd.
Durnford-Slater, Mrs. Constance Dorothy
Eaton, Mrs. Annie E
Eastwood, Mrs. Florence M
Ferguson, Mrs. Clara H. Address Geo. F. Burton, Esq.
Ferrie, A. E
Ferric, Mrs. Maud Ferrie and A. E. Ferrie, Executrix
and Executor of Estate of late Campbell. Address
Mrs. Maud Ferrie
Ferrie, Walter B
Finnic, Mrs. .Jean L
Flavelle, Sir Joseph
Forbes, Mrs. Emily C, care of W. F. Forbes, Esq
Gates, Mi-ss Clara A
Gates, F. W., Estate of the late. Address F. W. Gates,
Esq
Gates, F. W
Gates, Mrs. Georgina K., care of H. E. Gates
Gates, H. E., Executor of Estate of late Geo. E. Gates. .
Gates, H. E
Grasett, F. LeM., M. B
Grasett, Mrs. A. K., John H. G. Hagarty and Dr. F.
LeM. Grasett, Trustees. Address Lt.-Col. H. J.
Grasett
Toronto
Hamilton, Ont
Toronto
Hamilton, Ont
Toronto
Hamilton, Ont
Toronto
Toronto
Toronto
Toronto
Middlesex, Eng
Toronto
Hamilton, Ont
Toronto
Oxon, England
Guernsey, England
Toronto
London, Eng
Winnipeg, Man
Toronto
Oakville, Ont
Cheshire, England.
Toronto
Toronto
Montreal, Que
Devon, England . . .
Owen Sound, Ont..
Hamilton, Ont
Toronto
Hamilton, Ont
Vancouver, B.C —
Winnipeg, Man
Toronto
Montreal
Hamilton, Ont
Hamilton, Ont
Hamilton, Ont
London, Ont
Toronto
Toronto
28
20
8
20
.25
40
20
8
39
5
32
24
32
4
24
8
6
120
20
20
5,537
10
55
100
60
10
168
100
8
60
24
20
16
2,800
2,000
800
2,000
2,500
4,000
2,000
800
3,900
500
3,200
2,400
3,200
400
2,400
800
600
12,000
2,000
2,000
553,700
1,000
5,500
SOO
10,000
8,000
6,000
1,000
16,800
10,000
800
6,000
2,400
2,000
400
2,000
6,000
4,000
400
300
1,200
500
100
600
800
5,200
1,600
LIST OF SHAREHOLDERS
563
SESSIONAL PAPER No. 8
THE CANADA LIFFr-Continued.
List of Shareholders — Continued.
Name.
Address.
No. of
shares.
Amount
subscribed
and paid
in cash.
Gzowski, C. S
Gzowski, C. S., in trust
Hagarty, Mrs. Florence A
Henderson and Small (James Henderson and John T.
Small)
Hendrie, Lt.-Col. The Hon. Sir John S., C.V.O
Hendrie, Mrs. Mary M., The Hon. Sir John S. Hendrie
and William Hendrie
Hendrie, Lt.-Col. Wm
Hill, S. F
Hills, R., Estate of the late. Address Mrs. Helen Hills
Executrix, care of O. D. Robinson
Hoskin, .Tohn, K.C., LL.D
Jarvis, Aemilius
Jennings, Mrs. Frances Gibson
Kidd, David
Langmuir, A. D., General Manager, and W. G. Watson,
Asst. General Manager, in Trust
Leggat, Miss Catharine M., care of Canadian Bank of
Commerce
Leggat, John
Leggat, M. Hendrie, Wood, Vallance & Leggat. . .
Leggat, Lt.-Col. William ;
LeMesurier, G. G.; G. L. Smith and A. B. Wilkie,
Trustees of the Wilkie Trust
Little, Geo. F
McCarthy, Leighton G., K.C., care of McCarthy and
McCarthy
MacGregor, Mrs. Kate B
Mackenzie, Kenneth
McLaren, Mrs. Eleanor Marguerite
McLaren, Mr. Frances E., D. R. C. Martin, and E. V
Wright, in Trust
McLaren, W. F., and H. E. McLaren, Executors F. G.
McLaren Estate. Address H. E. McLaren
McLaren, Dr. Geo. H
McLaren, H. E
McLaren, Wm. F
Macklem, Rev. T. C. S., care of 0. R. Macklem, Bar
rister , etc
Macklem, Miss Caroline, care of O. R. Macklem, Bar-
rister, etc
Macklem, Sutherland. Address Toronto General
Trusts Corporation
Macpherson, Mrs. S. E. M., care of Geo. F. Burton Esq.
Merritt, Wm. Ingersoll
Mills, James H
Mills, Mrs. Matilda Grace
Mitchell, A. N
Morrow, G . A
Morrow, W. G
National Trust Co., Ltd., Trustees for Jean M. Wade. . .
Oakshott, Mrs. Elizabeth S
O'Reilly, E. B., M.D
Osier, Mrs. Lily M
Plummer, Jas. H
Provident Investment Company, The
Ramsay, A. Gordon
Ramsay, Miss Edith S
Richardson, Mrs. Elizabeth G. Address the Farmers'
Loan and Trust Company, of New York
Richardson, H. A
Ritchie, Jessie T. F., Estate of the late W. F. Ritchie,
Executor. Address W. F. Ritchie, Esq., K.C
Robinson, Mrs. Lydia A. E
Robinson, Wm. Apsley
8— 36i*
Toronto.
Hamilton, Ont.
Toronto .
New York.
Toronto
Hamilton, Ont..
Pasadena, Cal.. .
Vancouver, B.C.
Montreal, Que...
Toronto .
Hamilton, Ont.
Winnipeg, Man.
Hamilton, Ont.
Toronto
Hamilton, Ont.
Toronto.
Hamilton, Ont.
Toronto .
Peterboro, Ont
Toronto
Cheshire, England.
Hamilton, Ont
Toronto
New York.
Toronto
Montreal..
Hamilton.
104
40
5
40
8
160
4
2
16
100
27
60
4
6
10,400
4,000
500
4,000
800
16,000
400
200
1,600
10,000
2,700
6,000
40O
600
16
1,600
16
1,600
16
1,600
16
1,600
12
1,200
32
3,200
200
20,000
20
2,000
25
2,500
116
11,600
80
8,000
6
600
58
5,800
16
1,600
66
6,600
12
1,200
22
2,200
22
2,200
52
5,200
8
800
100
10,000
60
6,000
V
700
100
10,000
24
2,400
60
6,000
16
1,600
4
400
2
200
100
10,000
15
1,500
8
800
2
200
32
3,200
25
2,500
8
800
4
400
4
400
561
DEPARTMENT OF INSURANCE
THE CANADA LIFE— Concluded.
List of Shareholders — Concluded.
11 GEORGE V, A. 1921
Name.
Rush, Mrs. Muriel
Saunders, E. M
Scadding, Dr. H. Crawford
Smith, Mrs. Evelyn Gibson
Spragge, Mrs. Elsie
Strathy, Mrs. Agnes S., Barrie, Gerard B. Strathy
and G. S. Strathy, Toronto, Trustees. Address
G. B. Strathy
Stuart, Robert
Thomas, Miss Caroline
Thomas, Estate of the late. Miss Marian C, Walston
Todd, A. T., Estate of the late. Goldwin L. Smith,
Trustee, care of Smith Rae, and Greer
Toronto General Trusts Corporation, The
Toronto General Trusts Corporation, The, Trustees. . .
Toronto Mortgage Co.. in Trust
Torrance, Rev. Edward F
Wade, Mrs. Jean M
Walker, H. B
Wardrope, W. H., K.C., and W. F. Findlay's Estate,
care of W. H. Wardrope, Esq., K.C
Wardrope, W. H., K.C, and Dr. A. E. Malloch, care of
W. H. Wardrope, Esq., K.C
Watt, Mrs. Kathleen
Wood, E. R
Wood, W. A. P
Young, John C, Jr
Young, Robert
Zacharias, Melville H
Address.
Toronto.
VVinona, Ont.
Toronto
Chicago, 111
Oxford, Eng.. .
Torquay, Eng.
Toronto
Kingston
Hamilton, Ont.
Montreal, P.Q..
Hamilton, Ont.
Toronto.
Windsor, Ont.. .
Winnipeg, Man.
Detroit, Mich..
No. of
shares.
28
25
40
40
160
100
200
50
24
16
8
28
32
8
80
11
40
12
20
10,000
Amount
subscribed
and paid
in cash.
5,500
500
800
6,000
1,800
2,800
2,500
4,000
4,000
16,000
10,000
20,000
5,000
2,400
1,600
800
2,800
3,200
800
8,000
1,100
4,000
1,200
2,000
$ 1,000,000
LIST OF SHAREHOLDERS
565
GESSiONAL PAPER No. 8
THE CAPITAL LIFE ASSURANCE COMPANY OF CANADA.
List of Directors — (As at February 28, 1921).
Shareholders' Directors — J. J. Lyons, W. H. McAuliffe, J. A. McMillan, M.P., A. E. Corrigan, R. P.
Gough, D. R. Street, A. A. Fournier.
Policyholders' Directors — L. N. Poulin, Dr. N. A. Dussault, C. A. McCool, L. T. Martin.
List of Shareholders — (As at December 31, 1920).
Name.
Address.
Amount
subscribed.
Amount
paid in
cash.
Agar, Miles E
Armstrong, Mrs. Teresa
Armstrong, Thomas A
Arnold, Jos. M
Arsenault, Aubin E
Audette, Louis Arthur
Aumais, Joseph
Aylward, Mgr. John T
Babin, Thomas E
Ball, James Patrick
Bambrick, John
Barron, John
Barry, Jeremiah, Hayes
Batterton, Edward
Bawlt, Edward J
Bawlf, William R
Bawlf , Frederick L
Bawlf, Clarence N
Bawlf, Louis D
Bawlf, Kathleen
Bawlf Securities, Limited
Beatty, Mrs. Sarah (Deceased)
Beaudry , Adrien
Beaudry, Richard
Beazley, Richard George
Belair, Walter N
Belliveau, Camille
Belliveau, Philias
Bentley , Fleming Company
Beriault , \Mlliam
Bermingham, William
Berrigan, Patrick J
Bertrand, Louis
Biernacki, Rev. Peter B
Bishop of Vancouver Island
Blake, William Edward
Bliss, Mrs. Cameron
Bourke, W., Executor, Estate John Bourke, Sr... .
Boyle, Joseph P., B.A., M.D
Boyle, John
Bradshaw, F. W
Brady, Catherine
Brady, Nicholas
Brady, John
Brennan, James Archibald
Brennan, John
Bretherton, Rev. C. S
Brohman, Rev. C. W
Brophy, E. M. (executrix), and Chas. Murphy
(executor), estate of Geo. P. Brophy
Brophy, Martin Joseph
Brown, Dr. Claude
Brown, John M
Bruce, William D
Buckles, Daniel
Burke, Rev. A. E
Burns, Robert M
Butler, Edward J
Byrne, Charles
Byrne, Robert Joseph
Byrnes, Roderick John
Callaghan, James Joseph
St. John, N.B.
Ottawa, Ont. .
Hamilton, Ont
Summerside, P.E.I.
Ottawa, Ont
Coteau Landing
Sarnia, Ont
Ottawa, Ont
Hamilton, Ont
Ottawa, Ont
St. John's, Nfld
Fredricton, N.B.. . .
Ottawa, Ont
Winnipeg, Man
South March, Ont.
Montreal, P.Q
Halifax, N.S...
Belleville, Ont.
Moncton, N.B.
Halifax, N.S
Montreal, P.Q...
Kingston, Ont —
St. John's, Nfld.
Hull, P.Q
Wilno, Ont
Toronto, Ont
Winnipeg, Man
Sault Ste. Maiie, Ont.
Casselman, Ont
Alexandria, Ont
St. John's, Nfld
Lindsay, Ont
Eganville, Ont.
Arnprior, Ont. .
Hastings, Ont.
Formosa, Ont.
Ottawa, Ont
Woodstock, Ont
London, Ont
Hamilton, Ont
Bruce P.O., Alta....
Swift Current, Sask.
Toronto, Ont
London, Ont
Belleville, Ont
Ottawa, Ont
Montreal, P.Q
Fort William, Ont...
London, Ont
500
500
100
300
200
1,000
100
500
6,000
1,000
500
500
200
500
100
100
100
100
100
100
300
500
100
2,500
2,500
500
300
100
500
500
5,000
500
500
200
100
500
500
1,000
500
100
1,000
100
100
200
2,500
5,000
100
300
10,000
500
200
1,000
1,000
500
300
300
200
1,000
100
300
500
100
100
20
60
40
200
20
100
1,200
200
100
100
40
100
20
20
20
20
20
20
60
100
20
500
500
100
60
20
100
100
1,000
25
100
40
20
100
lOO
200
100
20
200
20
20
40
500
1,000
20
60
2,000
100
40
200
200
100
60
60
40
200
20
60
100
566
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
THE CAPITAL LIFE— Continued.
List of Shareholders — Continued.
Name.
Cameron, Daniel T
Cameron, Robert J
Campbell, Thomas
Canty, Timothy
Carney, Francis P
Carney, Dr. Michael James
Carroll, Michael Daniel
Carroll, Thomas Nicholas
Carter, Thomas H
Cassiciy, William F
Catalano, Cosino
Caul, Michael Francis
'Chaine, Rev. Jean, M.A. (Deceased).
Champney, Cecil Nelson
Chenier, David Alexander
C/hisholm, Dr. Alexander W., M.P
Chisholra, Annie Teresa
Chisholm, Christopher P
■Chisholm, Duncan
"Cbisholm, William
Choquette, James Ernest A
Choquette, Philippe Auguste, Hon...
Claffy, Thomas L
Coady, Peter W
Coffey, Hon. Thomas (Deceased)
Coghlan, Frederick Thos
Collins, A. Bernard
Collins, Francis
Collins, Timothy
Connoliey, Patrick Sylvester. ...
Connolly, Dr. Bernard G
Connelly, Henrietta
Connolly, John
Connolly, John J
Connolly, Michael t
Connors, Bart
Connors, Francis J
Connors, James F
Connors, Thomas P
Conroy, Charles O'Neil
Conroy, Peter, M.D. (Deceased)
Conway, M. E
Conway, Rev. W. J
Corcoran, Ambrose
Corrigan, A. E
Corrigan, A. E. (in trust)
Corrigan, Charles J
Costello, Michael Copps
Costello, Thomas
Coty, Rev. Joseph H. (Deceased). . .
Coughlin, Charles B., M.D
Courtney, Thomas Francis
Coyle, Daniel F
Cozzolino, Thomas
Cragg, Frank J
Cray, Michael F
Crottie, James J
Crottie, James J. (in trust)
Crowley, Rev. Thomas J
Cummings, Edward Edwin, Jr
Cummings, Thos. F
Cunningham & Company
Curtin, Daniel Joseph
Cashing, Thomas
Dagneau, P. Calixte, Dr
Daly, Edward John
Daly, James B
Dantzer, Rev. Jeremiah
Sydney, N.S
Buckingham, P.Q
Charlottetown, P.E.I. . .
Shaunavon, Sask
Belleville, Ont
Halifax, S'.S
Montreal, P.Q
New Waterford, N.S
St. John's, Nfid
Chatham, N.B
London, Ont
St. John's, Nfld
Arnprior, Ont
Edmonton, Alta
Jacksonboro, Ont
Margaree Harbour, N.S.
Halifax, N.S
Antigonish, N.S
Address.
Sherbrooke, P.Q
Quebec, P.Q
Ottawa, Ont
New Waterford, N.S..
London, Ont
Vancouver, B.C
Tweed, Ont
Montreal, P.Q
St. John, N.B
Woodstock, Ont
Ottawa, Ont
Charlottetown, P.E.I.
Renfrew, Ont
St. John's, Nfld
Montreal, P.Q . ...
New Waterford, N.S..
St. John's, Nfld
Chatham, N.B
Halifax, N.S
St. John's, Nfld
Charlottetown, P.E.I.
Ottawa, Ont
Edmundston, N.B
Pinsville Lot 4, P.E.I.
Ottawa, Ont
Ottawa, Ont
Kingston, Ont
Calgary, Alta
Toronto, Ont
Hamilton, Ont
Belleville, Ont
Halifax, N.S
Winnipeg, Man
Sydney, N.S
Halifax, N.S
Guelph, Ont
Toronto, Ont
Sault Ste. Marie, Ont.
Montreal, P.Q
Hamilton, Ont
Ottawa, Ont
St. John's, Nfld
Belleville, Ont
Quebec, P.Q
Ottawa, Ont
St. John, N.B
Morington, Ont
Amount
subscribed.
200
500
500
500
100
200
2,500
1,000
100
100
1,000
500
1,000
100
200
2,000
2,000
200
500
500
500
1,000
1,000
1,000
300
500
200
500
100
500
2,000
50O
500
1,000
10,000
1,000
1,000
200
100
200
500
300
300
100
64, 500
16,100
100
2,500
500
100
1,000
500
500
2,000
300
1,000
100
100
100
1,000
200
1,000
500
1,000
1,000
2,500
300
100
Amount
paid in
cash.
LIST OF SHAREHOLDERS
567
SESSIONAL PAPER No. 8
THE CAPITAL LlF'E^Continued.
List of Shareholders — Continued.
Name.
Address.
Amount
subscribed.
Amount
paid in
cash.
Darche, Francis R
Dauth, G.Albert
Davidson, Alexander
Davis, James
Dawson, George Bernard
Day, Frederick Austin
Day, James E ,
Delaney , Thomas Joseph
Deslauriers, Isidore N. (Deceased)
Desmond, Daniel
Desmond, Dr. Francis John ,
Doheny, Hugh
Doherty, Wm. Manning ,
Dolan, Annie Agnes
Dolan, Francis
Dolan, Joseph
Donnelly, Daniel
Donnelly, Patrick (in trust)
Donoahue, Thomas
Donovan, John
Donovan, Michael
Doyle, Moses R
Drew, Thomas A. (Deceased)
Dromgole, Mrs. Jean W
Dromgole, Judge O. (Deceased). . .
Dube, Joseph Edmund
Dubeau, Dr Eudore
Duffy, Charles Gavan ,
Duffy, Dr. Francis Patrick ,
Dufresne, Rev. Jos. Albert
Dunne, Peter J
Dussault, Mrs. Fabiola
Dysart, A. K
Eden, James
Edens, Thomas John
Egan, Cornelius P
Egan, W.J
Elie, Joseph
English, John Joseph
Fallon, Rt. Rev. M. F
Farrell, Thomas B
Faucher, Rev. J. Octove
Fay, Rev. Thomas P
Feeney , Farrell C
Ferland, Arthur
Fink, Joseph Arthur
Finster, Mrs. Annie
Finster , Henry Joseph
Fitzpatrick, Robert F
Flinn, Thomas W. P., M.D
Floyd, Patrick S
Flynn, Catherine
Fodey, John Byron
Foley, Rev. James T
Ford, Thomas Joseph
Forrest, James Patrick
Fortier, Dr. G. E. Rene
Fortune, Owen Eugene
Fournier, Albert A
Fraser, Donald W. H
Eraser, Grant Arch
French, Dr. Felix Andrew
French, Rev. F. L
French, Rev. Isaiah A
Fry, John Francis
Gahagan, Andrew Joseph
Gallagher, Patrick (in trust)
Sherbrooke, P.Q
Montreal, P.Q
Winnipeg, Man
St. John's, Nfld
Sarnia, Ont
Haileybury, Ont
Toronto, Ont
Quebec, P.Q
Ottawa, Ont
Chatham, N.B
Newcastle, N.B
Montreal, P.Q
St. John, N.B
Belleville, Ont
Ottawa, Ont ,
Montreal, Que
Belleville, Ont.'.'.'.'.'.'..
Belleville, Ont
Antigonish, N.S
Belleville, Ont
Chatham, Ont
Windsor, Ont
Quebec, P.Q.'.'.!!!!!!
Montreal, P.Q
Charlottetown, P.E.I
Chatham, N.B
Lampman, Sask
Ottawa, Ont ,
Quebec, P.Q
Winnineg, Man
Charlottetown, P.E.I
St. John's, Nfld
Cobden, Ont
Montreal, P.Q ,
Hastings, Ont
London, Ont
Arthur, Ont ,
Willow Bunch, Sask...
Ottawa, Ont
Toronto, Ont
Haileybury, Ont
Mattawa, Ont
Ottawa, Ont
Toronto, Ont
Halifax, N.S
Antigonish, N.S
Hull, P.Q
Regina, Sask
London, Ont
Toronto, Ont
Kingston, Ont
Quebec, P.Q
Trenton, Ont
Ottawa, Ont
Chatham, N.B
Foremost, Alta
Edmonton, Alta
Renfrew, Ont
Eganville, Ont
Halifax, N.S
Woodstock, Ont
Moncton, N.B
500
100
7,500
500
200
3,000
200
500
500
100
1,000
25,000
300
500
500
100
1,000
1,000
100
5,000
300
100
100
100
100
1,000
2,500
500
1,000
300
500
2,500
2,500
500
1,000
500
1,000
100
1,000
5,000
100
1,000
800
500
5,000
300
100
100
500
300
100
1,000
3,000
1,000
1,000
100
1,500
500
5,000
100
200
1,000
100
200
200
100
200
100
20
1,500
100
40
600
40
100
100
20
200
2,000
60
100
100
20
200
200
20
1,000
60
20
20
20
20
200
500
100
200
60
100
500
500
100
200
100
200
20
200
1,000
20
200
160
100
1,000
60
20
20
100
60
20
200
600
200
200
20
300
100
1,000
20
40
200
20
40
40
20
40
568
DEPARTMENT OF INSURANCE
THE CAPITAL LIFE— Continued.
List of Shareholders — Continued.
11 GEORGE V, A. 1921
Name.
Address.
Amount
subscribed.
Gallant, John Edward
Galligan, Dr. Thomas Daniel
Gallivan, Dr. James \'inent
Gallogly, James
Gallogly, Michael
Gauvreau, Alexander
Gavin, Dr. William F
Gehl, Rev. John Joseph (Deceased).
Gibbs, Michael Patrick, K.C
Gibson, Dr. ^Villiam
Gillies, Joseph Alexander
Gillis, Rev. Daniel J
Gillis, John Roderick
Gleeson, John Francis
Gorman, John P
Gorman, M. J., K.C
Gorman, Samuel J
Gorman, Thomas (Deceased)
Gough, Richard P
Grace, Harry M
Grannon, Philip (Deceased)
Grant, Alexander Joseph
Grant, Gordon
Grant, John Forbes
Grant, Katherine Mary
Grant, Milton Daniel
Gravel, Emile
Gray, Rev. Francis G
Griffith, Frederick J
Grimes, Mrs. Mary
Grondin, G. A
Grondin, Dr. S. Eugene
Guerette, Thomas P
Guy, Dr. J. Adolphe
Haley, William David
Halpin, David Jo.seph.
Haney, Michael John
Hanrahan, Margaret A
Harriman, Alexander P
Harris, Hon. John (Deceased)
Harrity, Patrick J
Hawkins, Joseph Templeton
Healey, Mrs. Cecilia T
Heam, Hon. Edward James
Heam, John Gabriel
Hebert, Paul
Hefferman, John Patrick
Heneault, Grille Louis
Henderson, Francis D
Henry, George Anthony
Herringer, George Salvator
Hickey, Clifford Patrick
Hickey, Joseph Francis
Hickey, Richard (Deceased)
Higgins, Wm. John
Hinchey , Morgan
Hinchey, Wm. Jos
Hinnegan, John Jos
Hinnegan, Thomas F
Hogan, Denis ( Deceased)
Hogan, Rev. James
Hoagn, James
Howe, Michael
Hubbard, Francis Edmund
Hughes, William Thomas (Deceased)
Hutton, Charles
Summerside, P.E.I. .
Eganville, Ont
Peterborough, Ont. . .
Wallaceburg, Ont. . . .
Quebec, P.Q
Morse, Sask
Formosa, Ont
St. John's, Xfld
Kingston, Ont
Sydney, N.S
Indian River, P.E.I. .
Sydney, N.S
St. John, X.B
Antigonish , N .B
Ottawa, Ont
Edmonton, Alta
St. John, X.B
Toronto, Ont
Renfrew, Ont
St. John, X.B
Peterborough, Ont. . .
Ottawa, Ont
Montreal, P.Q
Ottawa, Ont
W'innipeg, Man
Moosejaw, Sask
Carleton Place, Ont..
Sherbrooke, P.Q
Ottawa, Ont
Quebec, P.Q
Edmundston, X.B.
East Waterford, X.S.
Ottawa, Ont
Toronto, Ont
Sydney, X.S
Loggieville, X.B
St. John's, Xfld
Detroit, Mich
Sherbrooke, P.Q
Toronto, Ont
Kitchener, Ont
Quebec, P.Q
Montreal, P.Q
W estmount, P.Q
Ottawa, Ont
London, Ont
Maplecreek, Sask
Chatham, X.B
London, Ont
Xorth Sydney, X'.S...
St. John's, Xfld
New W'aterford, N.S..
Chatham, Ont.. . .
Wallaceburg, Ont.
Ottawa, Ont
Merlin, Ont
Kingston, Ont
Pembroke, Ont. . .
Forest, Ont
North Bay, Ont. .
St. John's, Nfld..
100
500
1,000
200
300
1,000
100
1,000
1,000
200
500
500
500
500
200
500
500
200
5,000
400
300
1,000
500
2,000
1,000
1,000
3,000
100
500
500
500
1,500
200
100
1,000
500
5,000
200
300
500
-3,000
200
5,700
100
10, 000
500
2,500
2,500
1,000
200
100
500
200
300
200
500
1,000
300
100
500
300
100
500
500
1,000
1,000
LIST OF SHAREHOLDERS
569
SESSIONAL PAPER No. 8
THE CAPITAL LIFE— Continued.
List of Shareholders — Continued.
Name.
Address.
Amount
subscribed.
Amount
paid in
cash.
Jeffery, Ronald Angus
Jobin, Thomas
Johnson, Charles Edward
Johnston, James J
Jordan, John F
Kaiser, Marie Anna
Keefe, John (Deceased)
Kellaher, James Kennedy
Kelly, Edward Devlin
Kelly, John Francis
Kelly, Joseph Henry
Kelly, Mrs. Mary Ann
Kennedy, John
Kennedy, Rev. Joseph, Executor T. J. Murphy.
Kennedy, Patrick Angus
Kennedy, Dr. W. D
Kenny, Louis Francis
Kenny, Michael (in trust)
Kidd, Rt. Rev. John T
Kimpton, Rev. John
LaBine, James
LaBine, John A •
Lacey, John P -
Lafleur, Israel Louis
Lamb, Agnes Mary
Lamb, Henry John C.E
Lamoureux, Flavien, C.T., M.D
Lamoureux, J. R. Armand
Lang, John Adolph
Lanigan, John F ,
Larkin, Hubert E
Larsen, Theo
LaRue, Joseph Arthur
Laverty, William J
Law, Elizabeth
Lawlor, Richard Alban
LeBlanc, William Henry
Legree, Samuel Jos.
LeMerchant, James A.J
Lemoine, St. George
Leroux, Louis Alfred
Letang, Rev. Edward Henry
Logue, Charles E
Lynch, Daniel Johnston
Lynch, James
Lynch, Williani Thomas
Lyons, John J
MacAdam, Rev. Michael A
McArthur, James Joseph
McAuliffe, William H
McCabe, Dr. James Ross
McCarrell, Francis Joseph
McCarthy, Charles Edward
McCarthy, Daniel
McCarthy, Most Rev. Edward J
McCarthy, Dr. W. A
McCauley, Rev. Wm. T
McClory, Frank
McCloskey, Mrs. F
McCloskey, Frank
McCloskey, Francis Jr
McCloskey, John Sydney
McCool (Mrs.) Mary Justine
McCormac, Henry J
McCullough, Henry
McCumber, Alexander J
MacDonald, Rt. Rev. Alexander
Arnprior, Ont
Winnipeg, Man
Toronto, Ont
Charlottetown, P.E.I
Chesterville, Ont
Kitchener, Ont
St. John, N.B
Halifax, N.S
Sherbrooke, P.Q
Halifax, N.S
St. Thomas, Ont
Ottawa, Ont
Antigonish, N.S
London, Ont
Brandon, Man
Vancouver, B.C
Montreal, P.Q
Toronto, Ont
Venton, Que
Haileybury, Ont
Eganville, Ont
Montreal, P.Q
Windsor, Ont
Toronto, Ont
Montreal, P.Q
Kitchener, Ont
Ottawa, Ont
St. Catharines, Ont..
Newark, N.J
Quebec, P.Q
Montreal, P.Q
Ottawa, Ont
Chatham, N.B
West Arichat, N.S...
North Bay, Ont
Armdale, N.S
Quebec, Que
Montreal, P.Q
Allumettels. P.Q....
Maniwaki, P.Q
Campbellford, Ont. . .
Peterboro, Ont
Sydney, N.S
Ottawa, Ont
Antigonish, N.S
Ottawa, Ont
Strathroy, Ont
Key Junction, Ont. . .
Haileybury, Ont
Sydney, N.S
Halifax, N.S
Kingston, Ont
Osgoode, Ont
Lindsay, Ont
Chesterville, Ont. . . .
Detroit, Mich
Pembroke, Ont
St. Georges, P.E.I...
St. John, N.B
Port Arthur, Ont. . . .
Victoria, B. C
1,000
200
200
200
100
500
200
1,000
500
500
100
100
1,000
200
500
100
500
200
100
500
2,500
2,5G'0
1,000
500
4,000
1,000
200
1,000
1,000
500
2,500
100
1,000
1,000
500
100
500
500
200
500
500
500
300
100
100
200
42,500
500
300
10,000
200
100
1,000
500
200
100
500
100
100
300
100
1,000
5,000
200
100
2,500
300
200
40
40
40
20
100
40
200
100
100
20
20
200
40
100
20
100
40
20
100
500
500
200
100
800
240
00
200
200
100
520
00
200
200
120
00
100
140
00
100
100
160
20
20
40
00
2,000
100
60
1,000
40
20
200
100
40
20
100
20
20
60
20
200
1,000
40
20
375
60
570
DEPARTMENT OF INSURANCE
THE CAPITAL LIFE—Continued.
List of Shareholders — Continued.
11 GEORGE V, A. 1921
Name.
Address.
Amount
subscribed.
Amount
paid in
cash.
McDonald, Rev. Allan J
McDonald, Allan J
MacDonald, Rev. Charles
MacDonald, Daniel Bernard
MacDonald, Rev. D. R
MacDonald, Daniel Louis
McDonald, David
McDonald, Dr. Emmanuel Oscar
MacDonald, Henry
MacDonald, Rev. John H
MacDonald, Rev. Maurice
McDonald, Rev. Pius Augustine
McDonald, Rev. Ronald
MacDonald, William Cole
MacDonald, William Jr
Macdonell, Adrain I
McDougall, Daniel Hugh
McDougal, Donald Joseph
McDougald, Duncan Jospeh
McEachern, Alexander
McEachern, Alfred E
McElderry, John Edward
McElderry, Vincent Jos
McGee, Very Rev. Chas. E. (Deceased).
McGee, Walter Robert
MacGilivray, Angus
McGivney, James
McGradv, Joseph M
McHugh, Hugh J
Mclnerney, Rev. John Joseph
. Mclnnis, Rev. Roderick
Mclnnis, M. A
Mcintosh, Alex. J
Mclntyre, Dr. Duncan K
Mclsaac, John R
McKee, Wm. J
McKenna, James
McKenty, Dr. James
MacKenzie, Colin
McKeon, Dennis C
McKinley, Anthony Ignatius
McKinnon, Michael J
MacKinnon, Dr. Wm. F
McLaughlan, Dr. James P
McLean, Rev. Joseph C
McLellan, Angus A
McLellan, Cornelius
McLellan, Gregory J
MacLeod, Rev. John Duncan
McMahon, John T
McMahon, Dr. Thomas Francis
McManany, William
McManany, Daniel ( Deceased)
McManus, William John
McManus, Edward E
McManus, John W
McManus, Reid
McMillan, John Angus, M.P
MacMillan, Rev. John C
McNally, John T
McNamara, Thomas
McNeil, Alexander S
McNeil, Hugh J
McNeil, James
McNeil, John (Deceased)
McNeil, John J
MacNeil, Lewis M
McNeil, Margaret
Fort Augustus, P.E.I.
Glace Bay, N.S
Bridgeport, N.S
North Bedeque, P.E.I. .
Glen Nevis, Ont
Glace Bay, N.S
Glenfinnan, P.E.I. . . .
Glace Bay, N.S
Glace Bay, N.S
New Waterford, N.S.
Charlottetown, P.E.I
Antigonish, N.S
Edmundston, N.B
Glace Bay, N.S
Cornwall, Ont
New Glasgow, N.S. . .
Ottawa, Ont
Toronto, Ont
Glace Bay, N.S
Charlottetown, P.E.I.
Guelph, Ont
Peterborough, Ont
Stratford, Ont
Ottawa, Ont
Antigonish, N.S
Sherbrooke, P.Q
Port Arthur, Ont
Guelph, Ont
Quyon, Que
Sydney, N.S
Montreal, Que
Cornwall , Ont
Sydney, N.S
Windsor, Ont
Montreal, P.Q
Winnipeg, Man
Sydney, N.S
Hamilton, Ont
Sarnia, Ont
New Waterford, N.S.
Antigonish, N.S
St. John's, Nfld
Souris, P.E.I
Arlington, Lot 14, P.E.I
Charlottetown, P.E.I...
New Glasgow, N.S
Haileybury, Ont
Toronto, Ont
Sherbrooke, P.Q
Sherbrooke, Que.. . .
Memramcook, N.B.
Alexandria, Ont
Charlottetown, P.E.I.
Summerside, P.E.I. . .
Peterboro, Ont
Sydney Mines, N.S. . .
New Waterford, N.S..
Glace Bay, N.S
Lingan, C.B
Brookline, Mass.
$
500
5,000
2,000
500
500
500
200
2,000
500
2,500
300
100
100
200
1,000
500
500
5,000
100
1,500
200
100
100
500
1,000
100
300
2,500
1,000
1,000
1,000
1,000
100
200
500
1,000
2,500
2,500
500
1,000
500
500
300
500
300
1,000
500
500
500
3,000
500
200
1,000
500
1,000
1,000
1,000
2,500
100
100
500
2,500
600
2,000
1,000
100
400
2,000
LIST OF SHAREHOLDERS
571
SESSIONAL PAPER No. 8
THE CAPITAL LIFE— Continued.
List of Shareholdees — Continued.
Name.
Address.
Amount
subscribed.
Amount
paid in
cash.
McNeil, Most Rev. Neil
MacParland, Michael
MacPherson, Rev. Hugh P. D.D
McPhillips, Lewis G
McQuade, William James
McRae, Rev. Alexander Corbet
McRae, Rev. .John E
McTague, John S
Maguire, Rev. A. E
Maguire, Thomas Joseph
Maher, John
Mahoney, William Joseph
Mallon, Michael Patrick
Maloney, John
Maloney , John Joseph
Maloney, Dr. Paul Joseph
Manion, Robert J. M.P
Manley , Thomas
Manley, Thomas Jr
March, Rt. Rev. John
Marrin, Philip
Martin, Mrs. Catherine
Martin, John J. (Deceased)
Meehan, Angus
Melanson, Harry H
Menard, Frank ■
Merchant, James Jr
Miller, A. W., M.D
Minehan, Rev. L
Monahan, Patrick
Monahan, Rev. Peter Joseph
Mooney, Miss Alie
Mooney, Patrick
Mooney, William Joseph
Moran, John Patrick
Morgison, Miss Margaret
Morgison, Miss Mary A
Moriarty, Rev. John Bernard
Morrissette, Oliver C
Morrissey, John ,
Mullens, Gerald P
Mulligan, David B
Mulligan, Mrs. Susan Hill
Mulligan, William G
Mulligan, Dr. William H ,
Mullin, John T. (Deceased)
Mullins Joseph
Murdock, Rev. Edward S ,
Murphy, Fergus
Murphy, Francis P ,
Murphy, Dr. George Henry ,
Murphy, George William
Murphy, James
Murphy, John
Murphy, John
Murphy, John M
Murphy, Dr. P. C
Murray, Joseph L
Nagle, Thomas
Navin, Thomas Henry
Navin, Thos. Hy. & Emerson, Thos. Jos. Execu-
tors of Estate W. A. Navin
Neville, John A
Nicholson, John H., Rev
Nolan, Patrick J •.
Toronto, Ont
Gananoque, Ont
Antigonish, N.S
Vancouver, B.C
Sarnia, Ont
Dickenson's Ldg. Ont.
St. Andrew's W. Ont..
Guelph, Ont
Sillery, Que
Sherbrooke, P.Q
Swift Current, Sask.. .
St. John, N.B
Toronto, Ont
Ottawa, Ont
Toronto, Ont
Ottawa, Ont
Fort William, Ont
Belleville, Ont
Harbour Grace, Nfld.
Winnipeg, Man
Renfrew, Ont
Fernie, B.C
Pembroke, Ont
Moncton, N.B
Sturgeon Falls, Ont. . .
Sydney, N.S
New Waterford, N.S..
Toronto, Ont
Montreal, P.Q
Sault Ste. Marie, Ont.
Ottawa, Ont
Quebec, P.Q
Ottawa, Ont
Killaloe, Ont
Ottawa, Ont
Kentville, N.S
Sherbrooke, P.Q
Newcastle, N.B
Hamilton, Ont
Winnipeg, Man
Ottawa, Ont
Aylmer, Que
Sudbury, Ont
Kensington, P.E.I....
New Aberdeen, N.S.
Renous, N.B
Quebec, P.Q
Moncton, N.B
Glace Bay, N.S
Sherbrooke, P.Q
Mount Forest, Ont. . .
Sydney, N.S
Ottawa, Ont
Halifax, N.S
Tignish, P.E.I
Renfrew, Ont
St. John, N.B
Toronto, Ont
Halifax, N.S.
Lingan, N.S.
Ottawa, Ont.
100
200
1,200
1,000
500
500
200
200
500
400
1,000
100
200
100
2,500
500
200
100
100
500
300
17,500
200
500
100
100
100
6,500
200
2,500
800
1,500
2u0
1,500
100
100
100
2,500
1,000
500
200
2,500
2,500
100
1,000
100
1,000
200
1,000
100
1,500
200
2,000
1,000
1,000
1,000
200
500
500
2,500
2,500
500
500
1,000
20
40
240
200
100
100
40
40
100
80
200
20
40
20
500
100
40
20
20
100
60
500
40
100
20
20
20
1,300
40
500
160
300
40
300
20
20
20
500
200
100
40
500
500
20
200
20
200
40
200
20
300
40
400
200
200
200
40
100
100
500
500
100
100
200
572
DEPARTMENT OF INSURANCE
THE CAPITAL LIFE— Continued.
List of Shareholders — Continued.
11 GEORGE V, A. 1321
Name.
Address.
Amount
subscribed.
Amount
paid in
cash.
Xorris, James.
Nunan, Frank
O'Brien, John
O'Brien, John B
O'Brien, M. J
O'Brien, Rt. Rev. M.J., D.D
O'Connell, Daniel James
O'Connell, John R
O'Connell, Joseph D
O'Connell, Thomas
O'Connor, James Davidson
O'Connor, Miss Elizabeth A
O'Connor, John J
O'Connor, Lawrence V
O'Connor, Patrick
O'Connor, P. J
O'Connor, Thomas D
O'Dea, John Vincent
O'Donnell, Thomas
O'Dwyer, Frances
O'Dwyer, P
O'Dwyer, William J
O'Flynn, Andrew Joseph
O'Hara, John
O'Keefe, George
O'Keefe, Rev. Michael, A
O'Leary, Rev. James Louis, D.D
O'Leary, Patrick Joseph
O'Leary, Richard
O'Meara, John J
O'MuUin, J. C. (Executor Estate Robert O'Mullin
O'Xeil, Henry Joseph
O'Xeil, Isabel
O'Xeil, James G
O'Xeil, Thomas J
O' Regan, John
O'Reilly, James
O'Reilly, Michael J
O'Reilly, William F
O'Rourke, Rev. M
Ostiguy , Xoel Adelard
Parker, James Francis
Pelletier, Eugene Joseph
Pendergast, Patrick T
Phelan, Thomas Patrick
Plucinski, Rev. Antoni
Poulin, (Mrs. ) Mary
Poupore, George Cahill
Poupore, William Joseph (Deceased)
Powers, Edward F
Quinlan, H
Quinn, Felix Patrick
Quinn, John
Quinn, Rev. John S
Ramsey, Charles Henry
Reddin, James Henry
Redmond, Augustine V
Redmond, John Patrick
Redmond, William John
Regan, John
Reid, Madeline Alice (Exec.)
Reilly, Edward Albert
Three Arms, Xotre
Dame, Green Bay,
Xfld
Guelph, Ont
Xelson, X.B
Renfrew, Ont
Montreal, P.Q
Peterboro, Ont
Sydney, X.S
Ottawa, Ont
Victoria, B.C
Montreal, P.Q
Halifax, X.S
Ottawa, Ont
Lindsay, Ont.
Ottawa, Ont..
Gananoque, Ont. .
St. John's, Xfld...
Ottawa, Ont
Edmonton, Alta. .
Strathroy, Ont... .
Edmonton, Alta. .
Wallaceburg, Ont.
Haileybury, Ont..
Ottawa, Ont
Chatham, X.B. . .
New York, N.Y
Aylmer, P.Q
Ottawa, Ont
Halifax, X.S
St. John, X.B
Guelph, Ont
Fort William, Ont
Montreal, P.Q
St. John, X.B
Vancouver, B.C
Hamilton, Ont
Placentia, Xfld
Westport, Ont
Valleyfield, P.Q
St. John's, Xfld
Brandon, Man
Xew Aberdeen, X.S.
Toronto, Ont
Whitney Pier, B.C...
Ottawa, Ont
Montreal, P.Q
Montreal, P.Q
St. John, X.B
Montreal, P.Q
Halifax, X.S
Tweed, Ont
St. John, X\B
Charlottetown, P.E.I.
Winnipeg, Man
Mattawa, Ont
Maple (>reek, Sask
Chatham, Ont
London, Ont
Moncton, X.B
500
300
1,000
10,000
41,700
200
100
1,000
500
5,000
300
500
1,000
500
1,000
1,000
100
2,000
300
100
200
100
500
100
500
100
100
1,000
100
1,000
2,000
500
100
200
2,500
1,000
10,000
500
300
2,500
500
1,000
2,, 500
1,000
7,500
100
10,000
1,000
5,000
1,000
2,. 500
300
100
200
200
500
2,000
20,000
500
1,000
100
500
LIST OF SHAREHOLDERS
573
SESSIONAL PAPER No. 8
THE CAPITAL LIFE— Continued.
List of Shareholders — Continued.
Name.
Address.
Amount
subscribed.
Amount
paid in
cash.
RenisbaiTow, Charles
Renouf, Rev. H. T
Roach , Joseph Moses
Robertson, Angus W
Rodney, M.J
Russill, Frank
Ryan, Daniel A
Ryan, Edmund J
Ryan, Edward Joseph
Ryan, James
Ryan, John
Ryan, John J
Ryan, Samuel J
Ryan, William J
St. Martha's Hospital
Sauve, Louis A
Savage, Edward
Scollard, Rt. Rev. D.J
Scott, William Louis
Scully, William E
Scully, Dr. William Talbot
Seitz, John J
Sharpe, Henry Parsons
Sharpe, Mrs. Mary C
Shea, Patrick J
Sheehy, Richard
Sheridan, Francis Joseph
Shields, Charles J
Shortall, William Patrick
Slattery , John L
Slatterv, John P
Slattery, W
Smith, Eliza Josephine
Smith, George W
Smith, John Joseph
Somers, Thomas
Stafford, William H
Stafford, William H
Steckel, Mrs. Mary Ann
Stirling, Wm. A. E
Street, Douglas R
St. Pierre, John Charles
Sullivan, Harry J. (Deceased)
Sullivan, J. M
Sullivan, Dr. Michael Thomas
Sullivan, William
Sunstrum, Alexander
Tansey , Owen H
Tepoorten, Leonard F
Thauvette, Dr. Joseph
Thompson, Rev. A. McD. .^
Thompson, J. A. C
Tillman, Anthony
Tobin, W. R. (executor estate Mary Ann Tobin) . .
Tobin, Agnes (administratrix estate Wm. Henry
Tobin).
Tobin, William R
Tompkins, Rev. J. J
Tracey, Rev. Patrick J
Trainor, Rev. Thomas H..
Travers, Thomas
Valiquet, Ulric
Veitch, Edward Joseph
Vernier, George Romuald
Wall, Thomas
Chatham, N.B
St. George's, Nfld
Arthur, Ont
Westmount, P.Q
Winnipeg, Man
Toronto, Ont
St. John's, Nfld
Trinity, Nfld
London, Ont
St. John's, Nfld
Ottawa, Ont
Montreal, P.Q
St. John's, Nfld
Toronto, Ont
Antigonish, N.S
Montreal, P.Q
Moncton, N.B
North Bay, Ont
Ottawa, Ont
St. John, N.B
St. John's, Nfld
Toronto, Ont
St. John's, Nfld.'.'.;!!!!
Peterboro, Ont
Ottawa, Ont
Haileybury, Ont
St. John's, Nfld
Camrose, Alta
Ottawa, Ont
Kentville, N.S
North Bay, Ont
Regina, Sask
Antigonish, N.S
Almonte, Ont
Ottawa, Ont
Chatham, Ont
Ottawa, Ont
Sherbrooke, P.Q
Chatham, Ont
Calgary, Alta
New Aberdeen, N.S. . .
Saskatoon, Sask
Mattawa, Ont
Montreal, P.Q
Vancouver, B.C
Vaudreuil Village, P.Q
Glace Bay, N.S
Gananoque, Ont
London, Ont
Glace Bay, N.S
St. John's, Nfld
Glace Bay, N.S
Antigonish, N.S
Sheenboro', P.Q
Sudbury, Ont
Sudbury, Ont
Ottawa, Ont
Ignace, Ont
Coteau Landing, P.Q...
St. John's, Nfld
500
200
100
5,000
100
5,000
1,000
3,000
200
10,000
200
1,000
500
200
2,000
1,000
100
100
500
1,000
400
5,500
200
100
500
200
100
2,000
500
200
500
100
2,000
100
1,000
200
500
100
500
200
2,500
200
100
500
5,000
.300
1,000
500
2,500
200
200
500
200
300
1,000
200
300
500
200
200
2,000
200
500
500
100
40
20
1,000
5
1,000
200
600
40
2,000
40
200
100
40
400
20O
20
20
100
200
80
1,100
40
20
100
40
20
400
100
40
100
20
400
20
200
40
100
20
100
40
500
40
20
100
1,000
60
200
100
500
40
40
100
40
60
200
40
60
100
40
30
400
40
100
100
574
DEPARTMENT OF INSURANCE
THE CAPITAL LIFE— Concluded.
List of Shareholders — Concluded.
11 GEORGE V, A. 1911
Name.
Address.
Amount
subscribed.
Amount
paid in
cash.
Walsh, Dr. Frank
Walsh, John Henry
Warde, James Denis
Warren, P. J
Wheelan, James Edward
Whelan, Rev. Stephen Joseph
Whibbs, Rev. George Francis
Williams, Arthur P
Wilson, James S
W'iltsey, Darius Henry
Wiltsey, Mrs. Ellen A
Wims, P. J. (Admin, estate W. K. Wims)
Winans, B. G. (in trust)
Winslow, Josephine
Wootten, Alfred Gerald
Wootten, George Richard
Woodcutter, Rev. Francis
Young, Dr. Charles A
Young, Daniel
Guelph, Ont
Sherbrooke, P.Q....
Toronto, Ont
St. .John's, Nfid
Regina, Sask
North River, Nfld..
Campbellford, Ont..
Chatham, N.B
Ottawa, Ont
Haileybury, Ont
Belleville, Ont....!!
Montreal, P.Q
Winnipeg, Man
Halifax, N.S
Sierre Madre, Cal. ..
Ottawa, Ont
New Aberdeen, N.S
1,000
2,000
2,500
500
200
.500
800
300
300
1,000
500
100
2,500
100
200
200
2,500
1,000
1,000
809,900
50
400
500
100
40
100
160
60
60
200
100
20
500
20
40
40
500
200
200
129,285
LIST OF SHAREHOLDERS
575
SESSIONAL PAPER No. 8
THE COMMERCIAL LIFE ASSURANCE COMPANY OF CANADA.
List of Directors — (As at Feb. 14, 1921).
R. H. Cautley, J. G. Clark, E. W. Allin, M.D., J. W. Glenwright,W. F. Bredin, W. J. Stark, G. H. Hutton,
G. H. Webster, W. T. Henry, W. W. Prevey.
List of Shareholders — (As at December 31, 1920).
Name.
Abraham, R. W ,
Allin, Dr. Edgar W...
Allin, Dr. Norman G.
Alexander, R. H
Auld, A. E
Alexander, W. T
Anderson, S
Anderson, S.
Anderson, J. J
Anderson ,Kayte
Anderson, J. L
Arkell, Fred
Armstrong, Alice
Bulyea, G. H. V
Bredin, W. F
Bridge, J. W
Brouse, C. L
Britton, J. C
Biggar, A. L
Belanger, P. R. A
Brown, C. W
Beliveau, H
Bremner, J. C. C
Brewer, H. C
Ballachey, A. A
Black, J. C
Blackett, J. St. C
Bruce, W. D
Butchart, P. E
Bishopric, O
Belanger, Jos. F
Booth, John
Buckham, Andrew
Bradley, C
Bates, Jos. C
Budd, A. E
Bell, Dr. Irving R
Burrows, V. H. R
Bryce, E. G
Bain, Dr. C. G
Bain, C. E
Barcus, S. J
Barklev, A. H
Bott, Mrs. A
Burgess, Mortimer
Butchart, J. C
Bryde, J. V
Burke, Owen J
Cairns, T. F
Cline, Stanley H
Colwill, Dr. R
Close, Patrick J
Cloakey, O. D
Campbell, Dr. A. L. . .
Cameron, Elizabeth N
Clacherty, George
Cornwall, J. K
Cross, C.W
Christian K. D
Carruthers, W. T
Gushing, A. T
Cannell, W
Cautley, R. H
Address.
Fort Saskatchewan.
Edmonton
Winnipeg
Leduc
Grand Prairie.
Edmonton
Meota
Edmonton
Winnipeg
Edmonton
Grand Prairie.
Olds
Edmonton
Saskatoon
Edmonton
Ottawa
Toronto
Winnipeg
Bremner
Edmonton
High River —
Regina
Edmonton
Vegreville .
Edmonton.
Calgary....
Lacombe. .
Edmonton.
Clive
Nan ton
Tofield
Calgary
Mannville
Kansas City.
Edmonton.. .
Vegreville .
Kitscoty...
Edmonton.
Amyox, B.C.
Edmonton...
Calgary
Edmonton. . .
Cabri, Sask.
Edmonton..
No. of
shares.
5
50
30
1
10
10
5
10
5
5
5
5
50
10
50
90
5
5
2
25
50
10
10
10
10
15
10
25
60
70
10
o
2
10
2
5
6
5
25
10
10
25
10
5
10
10
5
10
10
2
50
10
10
6
100
2
40
20
5
10
10
90
50
Amount
subscribed.
$ cts
500 00
5,000 00
3,000 00
100 00
1,000 00
1,000 00
500 00
1,000 00
500 00
500 00
500 00
500 00
5,000 00
1,000 00
5,000 00
9,000 00
500 00
500 00
200 00
2,500 00
5,000 00
1,000 00
1,000 00
1,000 00
1,000 00
1,500 00
1,000 00
2,500 00
6,000 00
7,000 00
1,000 00
200 00
200 00
1,000 00
200 00
500 00
600 00
.500 00
2,500 00
1,000 00
1,000 00
2,500 00
1,000 00
500 00
1,000 00
1,000 00
500 00
1,000 00
1,000 00
200 00
5,000 00
1,000 00
1,000 00
600 00
10,000 00
200 00
4,000 00
2,000 00
500 00
1,000 00
1,000 00
9,000 00
5,000 00
Amount
paid in
cash.
cts.
50 00
500 00
300 OC
10 00
100 00
100 00
50 00
100 00
50 00
50 00
50 00
50 00
.500 00
100 00
.500 00
900 00
50 00
50 00
20 00
250 00
500 00
100 00
100 00
100 00
100 00
150 00
100 00
250 00
600 00
700 00
100 00
20 00
20 00
100 00
20 00
60 00
50 00
250 00
100 00
100 00
250 00
100 00
50 00
100 00
100 00
50 00
100 00
20 00
100 00
10 00
1 , 000 00
20 00
400 00
200 00
.50 00
100 00
100 00
900 00
500 0
576
DEPARTilEXT OF IX SU RANGE
THE COMMERCIAL LIFE— Continued.
Le3T of Shareholders — Continued.
11 GEORGE V, A. 1921
Name.
Address.
No. of
shares.
Amount
subscribed.
Conroy, H. A
Carmichael, Dr. A
Chambers, J
Campbell Alice M
Calder, H. A
Cowles, Frank
Campbell, Hon. Colin H.
Castor, P. M
Campbell, Spurgeon
Clare, Chas. M
Chappelle, J. W
Costello, J. W
Conybeare, C. F. P
Carman, R. A
Clare, W . H
Connor, Merle M
Calvert, Ben
Crooker, J. B
Chapman, .1. W
Clark,.!. G
Clark, T. O
Clark, E.J
Collison, J. H
Connor, E. E
Curran, V. E
Dahlem, Mi.ss F. H. B...
Durkin, T. J
Dalton, Albert
Dalton, Mary
Dalton, J. V
Davies, Arthur
Driscoll, D.J
Davies, Mary
Douglas, H. W. B
Davies, Richard
Douglas, J. McK
Davidson, R. G
Davis, J. Bert
Dowler, W . A
Douglas, R. B
Dechene, J. E. M
Duguid, F. M
Dicker, E. M
Elliott, Thos. E
Eccles, S. J
English, T. M
Earles, Bert. W
Edworthv, F. J
Edworthy, T. E
Eades, J. J
Fahner, Eli
Field, Mrs. M. C
Foo Wong
Foster, H. B. (D.C)
Forin, J. W
Eraser, David
Fontaine, L. F
Fyfe, C. S
Fairchild, C. C
Fulmer, \V. P
Ferguson, W. A
Fo.ster, J. B
Foster, Hannah
Fuyorchuk, T. A
Grant, and Blain
Grant, Wm
Gowan, G. H
Ottawa...
Edmonton.
Winnipeg
Edmonton. . .
Winnipeg
Saskatoon ...
Kingston
Calgary
Lethbridge. .
Regina
Saskatoon ...
Fitzhugh ....
Vermilion
Lacombe. ...
Tofield
Clark Manor.
Edmonton. . .
Vegreville ...
Star City
Camrose
Star City
Vegreville . . .
Ponoka
Kitscoty
Edmonton.
Edmonton.
Fort William .
Edmonton
Leduc
Olds
Spruce Grove.
Calgary
Chicago
Star City
Lashburn. .
Star City..
Edmonton.
Ponoka
Edmonton.
Levis, Que.
Edmonton.
Banff
Edmonton.
Sexsmith. .
Edmonton.
Lake Saskatoon.
Edmonton
10
10
5
5
10
50
5
10
10
5
8
3
50
10
10
10
10
10
5
30
10
10
5
5
5
5
10
2
2
1
120
5
4
20
10
10
20
15
10
5
2
50
10
10
25
10
20
20
10
15
5
10
50
10
75
5
10
5
10
10
10
5
40
5
40
S cts.
1,000 00
1,000 00
500 00
500 00
1,000 00
5,000 00
500 00
1 , 000 00
1,000 00
500 00
800 00
300 00
5,000 00
1,000 00
1,000 00
1,000 00
1,000 00
1,000 00
500 00
3,000 00
1,000 00
1,000 00
500 00
500 00
500 00
500 00
1 , 000 00
200 00
200 00
100 00
12,000 00
500 00
400 00
500 00
200 00
2,000 00
1,000 00
1 , 000 00
2,000 00
1,500 00
1,000 00
.500 00
200 00
5,000 00
1 , 000 00
1,000 00
2,500 00
1 , 000 00
2,000 00
2,000 00
1,000 00
1 . 500 00
500 00
1 , 000 00
5,000 00
1,000 00
7,500 00
500 00
1,000 00
500 00
1,000 00
1,000 00
1,000 00
.500 00
4,000 00
500 00
4,000 00
LIST OF SHAREHOLDERS
577
SESSIONAL PAPER No. 8
THE COMMERCIAL LIFE— Continued.
List of Shareholders — Continued.
Name.
Address.
No. of
shares.
Amount
subscribed.
Amount
paid in
cash.
Goodwin, A. H
Gibbons, J
Gillespie, J
Goodfellow, F. W
Gross, J. P
Gimby, C. W
Gunn, Peter
Glenwright, J. VV
GlenTiTight, B. Helen
Gardiner, J. A. (in Trust).
Graham, J. R
Gregg, J.J
Gilbert ,W
Hart, E. J
Hastings, A. E
Heaslip, Dr. J. D
Hume, Robert '. . .
Hoegh, H. L
Hagel, Thos
Haszard, A. C
Harris, John F
Harbison, Mrs. G. M
Hartman, Dr. C.C
Hartley, W. R
Hill, E'. A
Hutton, G. H
Hardistv, Mrs. H. E
Hardwick, T. J
Harris, J. FT
Hislop, Dr. J. A
Henry, W. T
Hall, Muriel I. (in Trust)..
Hogan, S. D
Hewgill, W. H
Hunter, R. V
Hurbert, R. A
Howell, F. E. H
Holmes, E. Louise
Hunter, J. C
Hyndman, J. D
Hickey, H. C
Holmes, G. E
Holmes, J. H
Harvey, Mrs. B. M
Henderson, J. A
Hill, S.
Howe, L. M
Hettle, J. O
Huyke, B.T....
Hennessy, J. W
Huxley, Harold
Idyll, A. C
Ibbot, W.J
.Jones, Mary F (in trust) . . . .
.Jones, J. R. B. (in trust). . .
.Tamieson, F. C
Johnson, A. N
Jackson, W. .J
.Jackson, Wm. J
.Jones, W. E
Jackson, Thos. T
.Jackson, Fred. T
Johnson, J. H
Johnson, W. S
Jameison, Jesse H
Vegreville.
Edmonton.
Wetaskiwin .
Edmonton..
Bawlf
Los Angeles.
Stony Plain.
Edmonton. . .
Maidstone. . .
Mannville. . .
Edmonton...
Wainwright.
Beiseker
Calgary
Edmonton. . .
Olds
Edmonton.
Calgary
Edmonton
Stony Plain. . .
Grand Prairie.
Edmonton
Banff
Edmonton.
Vancouver.
Edmonton.
Ft. George.
Saskatoon . .
Ft. William.
Edmonton. .
Saskatoon. . . .
Vegreville
Ottawa
Lloydminster.
Edmonton
Gadsby
Clover Bar.
Strathcona.
Edmonton.
$ cts
5
500 00
25
2,. 500 00
.5
500 00
.5
500 00
10
1,000 00
10
1,000 00
5
500 00
170
17,000 00
200
20,000 00
5
500 00
4
400 00
10
1,000 00
10
1,000 00
10
1,000 00
20
2,000 00
a
500 00
25
2,500 00
10
1,000 00
5
500 00
5
500 00
20
2,000 00
30
3,000 00
9
200 00
20
2,000 00
2
200 00
25
2,500 00
0
500 00
0
500 00
30
3,000 00
50
5,000 00
10
1,000 00
0
500 00
10
1,000 00
5
500 00
20
2,000 00
25
2,. 500 00
10
1,000 00
.D
.500 00
40
4,000 00
50
5,000 00
20
2,000 00
40
4,000 00
4
400 00
10
1,000 00
•■}
.500 00
10
1,000 00
10
1,000 00
20
2,000 00
300
30,000 00
50
5,000 00
1
100 00
1
100 00
10
1 , 000 00
5
500 00
.3
.500 00
50
5,000 00
10
1,000 00
10
1,000 00
10
1,000 00
100
10,000 00
5
500 00
o
500 00
10
1 , 000 00
10
1,000 00
0
200 00
$ cts.
50 00
250 00
50 00
50 00
100 00
100 00
50 00
1,700 00
50 00
40 00
100 00
100 00
200 00
50 00
250 00
100 00
50 00
50 00
200 00
300 00
20 00
200 00
250 00
50 00
300 00
500 00
100 00
50 00
100 00
50 00
200 00
250 00
100 00
50 00
400 00
500 00
200 00
400 00
40 00
100 00
50 00
100 00
100 00
200 00
3,000 00
500 00
10 00
10 00
100 00
50 00
50 00
500 00
100 00
100 00
100 00
50 00
50 00
100 00
100 00
20 00
5—37*
578
DEPARTMENT OF INSURANCE
THE COMMERCIAL LIF'Er- Continued.
List op Shareholders — Continued.
11 GEORGE V, A. 1921
Name.
Address.
No. of
shares.
Amount
subscriVjed.
Kimpe, M
Kinnaird, G. J
Kirkpatrick. G. R. F. .
Krikevsky , G
Kennv, Mrs. Lilly
Killick, J. H
Kingston, Miss S. J —
Klein, R.J
Klombies, Mrs. E. M..
Kaiser, F. P
Klinck, D
Klarsfeld, C
Kelliher, B. B
Kidd, Dr. C. B
Lines, W. E
Lawrence, W. F
Lavell.J. R
Lessard, P. E
Lowe, C. A
Lessard, J. A
Lancaster, T. H
Lewis, A. L
Liggins, G. A
Laird, H
Loggie & Manley
Lamb, W. V
Laurencelle, J. E
Love, Dr. R. H
Larkins, George
Lewis, H. J
Lehmann, Adolf
Magneison, Conrad . . . .
Malley, A. M
Mann, E. F
Marshall, R. J. L
Mawhinney, James. . . .
Metcalfe, J. J
Middlemass, Dr. J. G.
Mollard, Adelbert
Moger, Albert
Montrieul, Dr. J. A. . . .
Moore, Joseph M
Moore, Mrs. M. E
Moore, David H
Moore, Mrs. L. M
Marks, H.J
Moore, J. H. W
Magcon, H. A
Magrath, W. J —
Marion, D
Martin, W. B
Miles, C. F
Mullen, D. B
Moore, J. J
Morency, G. E
Mercer, F. A
Morrison, F. A
Martin, H. M
Mah Mark Pan
Mah Gee
Mather, Wm
Martin, E. D
Mouncev, J
Marks, T. H
Mattice, R. I
Mathews, J. McK
Myer, Carl
Marsh, D. W
Morris, J. H
Edmonton.
Rocky Mountain House.
Montreal
Edmonton
Lashburn
Vthabaska
Westcott
Albany, N.Y
Winnipeg
Leduc
Edmonton
Walpole, Mass.
Leduc
Grouard
Wetaskiwin.. . .
Cainrose
Edmonton
Saskatoon
Lashburn
Edmonton
Ft. Saskatchewan.
Edmonton
Edmonton
Rimbey
Edmonton
Spruce Grove
VVainwright
Watrous
Peace River
Prince Albert
Jarrow
Kitscoty.
Edmonton.
Lacombe. .
Edmonton.
Peterboro.
Levis, Que
Edmonton
Vegreville
Edmonton
Banff
Winnipeg
Edmonton
Perth
Winnipeg
Saskatoon
Toronto...
Calgary...
Edmonton
S cts.
25
2,500 00
o
500 00
10
1 , COO 00
100
10,000 00
6
GOO 00
10
1,000 00
30
3,000 00
30
3,000 00
.')
500 00
10
1,000 00
10
1,000 00
0
500 00
25
2,500 00
2
200 00
30
3,000 00
5
500 00
0
500 00
50
5,000 00
25
2,500 00
20
2,000 00
10
1,000 00
10
1,000 00
0
500 00
10
1 , 000 00
20
2,000 00
5
500 00
10
1.000 00
40
4,000 00
0
500 00
5
500 00
10
1,000 00
10
1,000 00
10
1,000 00
10
1,000 00
5
500 00
25
2,500 00
15
1,500 00
1
100 CO
2
200 00
o
500 00
20
2,000 00
15
1,500 00
15
1,500 00
10
1,000 00
20
2,000 00
10
1,000 00
2
200 00
10
1,000 00
10
1,000 00
10
1,000 00
5
500 00
10
1,000 00
10
1,000 00
5
500 00
10
1,000 00
10
1,000 00
5
500 00
5
500 00
0
.500 00
10
1,000 00
5
500 00
5
500 00
5
500 00
5
500 00
10
1,000 00
10
1,000 00
5
500 00
20
2,000 00
50
5,000 00
LIST OF SHAREHOLDERS
579
SESSIONAL PAPER No. 8
THE COMMERCIAL LlFE^Continued.
List of Shareholders — Continued.
Name.
Address.
No. of
Amount
Amount
shares.
subscribed.
paid in
cash.
S cts.
S cts.
5
500 00
50 00
10
1,000 00
100 00
5
500 00
50 00
10
1,000 00
100 00
2
200 00
100 00
1
10 00
1
100 00
10 00
5
5C0 00
50 00
10
1,000 00
100 00
50
5,000 00
5,000 00
50
500 00
20
2,000 00
200 00
a
500 00
50 00
10
1,000 00
100 00
20
2,000 00
200 00
50
5,000 00
500 00
10
1,000 00
100 00
10
1,000 00
100 00
20
2,000 00
200 00
5
500 00
50 00
5
500 00
50 00
10
1,000 00
100 00
5
500 00
50 00
10
1,000 00
100 00
10
1,000 00
100 00
50
5,000 00
500 00
5
500 00
50 00
5
500 00
50 CO
10
1,000 00
100 00
10
1,000 00
loa 00
10
1,000 00
100 03
0
500 00
50 00
10
1,000 00
100 00
10
1,000 00
100 00
10
1,000 00
100 00
10
1,000 00
100 GO
10
1,000 00
100 00
20
2,000 00
200 09
2
200 00
20 00
2
200 00
20 00
10
1,000 00
100 OO
10
1,000 00
100 00
10
1,000 00
100 CO
5
500 00
50 00
5
500 00
50 00
15
1,500 00
150 00
5
500 00
50 00
25
2,500 00
250 00
100
10,000 00
2
200 00
20 66
10
1,000 00
100 00
50
5,000 00
500 00
50
5,000 00
500 00
10
1,000 00
100 00
10
1,000 00
100 00
5
500 00
50 00
10
1,000 00
100 00
0
500 00
50 00
10
1,000 00
100 00
10
1,000 00
100 00
5
500 00
50 00
10
1,000 00
100 00
10
1,000 00
100 00
2
200 00
10 00
10
1.000 00
100 00
Mayhood, F. H
McArthur, Miss G. H... .
McNab, John
McKinnon, A. O
McLean, Duncan
McKinley, M
McDonald, Bessie G
McKee, R. E
McDonald, M. W
McFarlane, W. G
MacKenzic, K. B
McGeorge, J
MacKenzie, S. D
McCall, MissM. F
McLaggan, J. W
McDougall, A
McLean, A. E
McTavish, J. C
McDonald, R
McMahon, A. M
McDonnell, F
McCutcheon, D. S
McEwen, S. F
McDaniel, D. P
McDaniel, John
McMullen, E. W., in trust
McPherson, J. A
McGill, P. T
McQuinn, H. A
Nesbitt, M. A. (in trust).
Niven, Hugh
Noble, James
Orser, R. B
Oswald, Dr. J. McD
Ponton, A. W
Pollard, J. F
Pollard, W. C
Pearse, Henrv
Parlby, E. M. H
Perret, G. E
Patterson, H
Peach. S.J
Peace, W. T
Peat, MableE
'Plymesser, C.B.S
Peters, Vv m. (in trust)
Pierson, J. G
Porter, W. E
Porter, O. O
Pilon, J. O
Pringle, D. V
Powell, J. A
Painter, W. S
Quantz, J. D
Rutherford, A. C
Redmond, W. C
Riddell, Chas
Roberts, Henry
Richardson, E
Reid, W. J
Ritchie, H. C
Roberts, J
Robinson, Elizabeth B
Reynolds, P. K
Ross, C. R
8— 37i*
Calgary,
Lacombe
Edmonton
Lacombe
Stony Plain
Edmonton
Peter boro
Nanton
Spit Fire Lake.
Edmonton
Banff
Edmonton.
Saskatoon.
Edmonton.
Calgary .
Edmonton.
Leslieville.
Red Deer..
Edmonton.
Penhold...
Edmonton.
Calgary.
Pesane
AlLx
Duck Lake. . . .
Irma
Red Deer
Winnipeg
Andover, N.B.
Edmonton
Donalda. . .
Gadsby
Edmonton.
Banff
Innisfail
Edmonton.
Alderson
Lake Saskatoon.
Banff
Edmonton.
Camrose...
Calgary....
Edmonton.
580
BEPARTMrA'T OF INSURANCE
THE COMMERCIAL LIFE— Continued.
List of Shareholders — Continued.
11 GEORGE V, A. 1921
Name
Rcid, Angus
Reed, J. H
Rigney, H. W. H
Rossiter, Mrs. A. S
Reid, H.J
Roberts, E. M
Rudyk, Julia
Rudyk, J. P
Rudyk, P. P
Sabourin, Mrs. M
Scutt, Cecil
Segerstrom, C. \V
.Simard, Francis
Sinclair, Lewis
Somerset, B. G
Sparling, Mrs. A. M
Smith, Martin
Stephens, T. M
Svenson, Sven
Switzer, P. A
Switzer, M. C
Sang,.N. G
Stewart, John
Silman, W. H
Stevenson, J. A. L
Straughan, B. C
Sexsmith, C. L
Steinbrecker, J
Simonds, C. E. A
Stewart, A. B
Stark, W.J
Sandles, C. W
Shandro, A. S., M.P.P
Smith, L.T
Saunders, B. J
Simpson, J. A
Shibley, Miss G. A
Stenton, Mrs. Flora
Sevmour, H. L
Shirley, R. D
Standard Trusts Co
Stephen, J. A
Shepherd, H.W. R
Stephenson, J. M
Stenton, Chas. E
Smith, K. H
Stanley, G. D
Simpson, C. N
Saunders & Moody (in trust)
Swingle, G. R
Teasdale, John
Tost, E.G. H
Tobin, S. G
Thibaudeau, de Blois
Taylor, A. W
Taylor, E.L
Twomey, D
TurnbuU, W. P
Tilt, Capel
Tennyson, W. G
Tilley, L
Thompson, W. J
Tarrant, A. W
Valens, G. C
Violette, C. A
Verge, H. H
Walker, J
Webster, G.H
Wood, J. H
Address
Edmonton... .
Lloydminster.
Vancouver
Edmonton. . . .
a
(I
Bashaw
Vancouver
Ponoka
Edmonton. . . .
Wetaskiwin —
Vermilion
Edam
Spirit River. .
Meeting Creek
Forestburg
Lacombe
Drumheller —
Edmonton. . . .
Calgary
Edmonton
Leduc
Sexsmiith
Calgary
Leduc
Medicine Hat.,
Edmonton
Shandro
Athabaska
Edmonton
Innisfail
Edmonton
Banff
Red Deer
Bickerdike
Winnipeg
Fitzhugh
Saskatoon
Banff
High River. . .
Pt. Arthur
Edmonton
Didsbury
Red Deer.
Wetaskiwin. . .
Leduc
Edmonton. ...
Winnipeg
Camrose
Banff
\\'innipeg
Edmonton
i(
iC
tc
Edmonton.. . .
Calgary
Athabaska —
No. of
Amount
Amount
shares
subscribed
paid in
cash
S cts.
S cts.
10
1,000 00
100 00
3
300 00
30 00
15
1 , 500 00
150 00
10
1,000 00
100 00
r,
500 00
50 00
5
500 00
50 00
40
4,000 00
400 00
0
500 00
50 00
5
500 00
50 00
3
300 00
30 00
20
2,000 00
200 00
5
500 00
50 00
5
500 00
50 00
10
1,000 00
100 00
30
3,000 00
300 00
.5
500 00
50 00
8
800 00
80 00
5
500 00
50 00
25
2,500 00
250 00
10
1,000 00
100 00
10
1,000 00
100 00
2
200 00
20 00
1
100 00
10 00
10
1,000 00
100 00
5
500 00
50 00
5
500 00
50 00
50
5,000 00
500 00
?5
2,500 00
250 00
5
500 00
50 00
10
1,000 00
100 00
25
2,500 00
250 00
25
2,500 00
250 00
5
500 00
500 00
5
50 00
100
10,000 00
1,000 00
5
500 00
50 00
30
3,000 00
300 00
10
1,000 00
100 00
10
1,000 00
100 00
25
2,500 00
250 00
10
1,000 00
100 00
20
2,000 00
200 00
20
2,000 00
200 00
10
1,000 00
100 00
10
1,000 00
100 00
5
500 00
50 00
10
1,000 00
100 00
10
1,000 00
100 00
920
92,000 00
9,200 00
5
500 00
50 00
5
500 00
50 00
10
1,000 00
100 00
o
500 00
50 00
3
300 00
30 00
100
10,000 00
r,ooo 00
10
1,000 00
100 00
5
500 00
50 00
5
500 00
50 00
10
1,000 00
100 00
25
2,500 00
250 00
5
500 00
50 00
10
1,000 00
100 00
5
.500 00
50 00
5
500 00
50 00
10
1,000 00
100 00
0
500 00
50 00
10
1,000 00
100 00
10
1,000 00
lOU 00
50
5,000 00
500 00
LIST OF SHAREHOLDERS
581
SESSIONAL PAPER No. 8
THE COMMERCIAL 'LIF'E—Concluded.
List of Shaheholdebs — Concluded.
Name
Address
No. of
shares
Amount
subscribed
Amount
paid in
cash
Wolfe, A. S
Wolfe, W
Wilson, W. P
Wheeler, F. S
Wallace, J. N
Walsh, T.J
Wankle, E
Wilding, R
Whiteside, O. E. S.
Welch, C. H
Wood, CM
Woods, Dr. Robert
Wortham, C. A
Wyatt, J. W
Yee, Mah
Young, S. C
Edmonton
Edmonton
Calgary...
Edmonton
Coleman..
Lacombe. .
Islay
Leduc
Dannville.
Irma
Edmonton
2
5
10
5
5
10
10
.5
10
10
6
5
25
5
5
10
S cts.
200 00
500 00
1,000 00
500 00
500 00
l.OOO 00
1,000 00
500 00
1,000 00
1,000 00
600 00
500 00
2,500 00
500 00
500 00
1,000 00
$ cts.
20 00
50 00
100 00
50 00
50 00
100 00
100 00
50 00
100 00
100 00
60 00
50 00
250 00
50 00
50 00
100 00
7,708
$770,800 00
$ 71,210 00
582
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
CONFEDERATION LIFE ASSOCIATION.
List of Directors — (As at January 2, 1921).
Shareholders' Directors — John K. Macdonald, Joseph Henderson, Col. Albert E. Gooderham, Thomas
J. Clark, Peleg Howland, John Firstbrook, James E. Ganong, B. B. Cronyn.
Policyholders' Directors — John Macdonald, Lt.-Col. J. F. Michie, Lt.-Col. The Hon. Frederic NichoUs,
VVillmot L. Matthews.
List of Shareholders — (As at December 31, 1920).
Name.
Address.
No. of
shares.
Amount
subscribed.
Amount
paid in
cash.
Alley, Florence M
Ball, Miss Louisa A
Ball, Estate of ]\Iiss Florence S.. .
Barnhart, Miss Helen
Benson, Miss Clara C
Britton, Estate of Hon. Bj-ron M.
Brook, Mrs. Beatrice M
Burgess, Estate of Ralph K
Burpee, Estate Hon. I
Cairns, Miss M. I. (in trust)
Cairns, Miss M. I
Cameron, Mrs. Carrie E
Caulfield, Miss Mary K
Cayley, Mrs. Agnes L
Cathcart, Rev. Nassau
Cherriman, Mrs. Julia B
Chewett, Miss Helen M. A
Chewett, Miss Kate R
Clark, Thomas J
Gierke, Rev. Chas. H
Cork, George.
Toronto .
Oswego, N.Y. U.S.A.
Port Hope, Ont
Toronto
St. John, N.B.
Virgil, Ont
Scarboro Tp
Toronto
Collingwood, Ont
Channel Islands, G.B.
London, Eng
Toronto
Lebanon, O., L'.S.A...
Toronto
Credit Foncier Franco-Canadien iMontreal.
Culver, Miss Maria M
Dixon, Est. of B. Homer
Dunn, Estate of late James L
Enright, Mrs. Kate
Firstbrook, John
Ganong, Jas. E
Gibbs, Mrs. Amelia M., Executrix est.
of late \V. H. Gibbs
Gooderham, Alfred
Gooderham, Lt.-Col. Albert E
Gripton, CM
Hague, Mrs. Jemima
Hale, Jeffery (executors of)
LeMesurier G. G., Smith, G. L., Wilkie
A. B., Administrators of the Estate
late D. R. Wilkie
Henderson, Joseph
Hooper, Estate of late C. E
Howland, Peleg
Johnston, H.J
Jones, Mrs. Edith B
Kerns, Mrs. Helen C
Kilgour, Mrs. Esther
Kirk, Mrs. Edith V
Langmuir, A. D. & \V. G. Watson (in
trust)
Long, Miss Margaret E
Long, Miss Mary (Sister Irene)
Long, Miss Marcella
Macdonald, Rev. D. Bruce
Macdonald, John K. (in trust)
Macdonald, John K
Macdonald, Chas. S
Macdonald, Mrs. Ethel M
Macdonald, Miss Jean E
Macdonald, Miss Mary W^
Macdonald, Mrs. Caroline E
Toronto .
St. John, N.B.
Toronto, Ont.
Toronto
St. Catharines, Ont.
Toronto
London, Ont
Toronto .
Ottawa
Cincinnati, O., U.S.A.
Burlington, Ont
Toronto
Stratford, Ont.
Toronto
to
75
50
20
105
226
20
100
380
50
167
30
3
60
620
67
59
25
151
35
350
75
200
40
4
25
25
20
356
25
253
50
100
50
50
100
25
100
212
45
110
10
10
3
3
3
140
72
403
295
25
19
31
140
S cts.
7,400 00
7,500 00
7,500 00
5,000 00
2,000 00
10,500 00
22,600 00
2,000 00
10,000 00
38,000 00
5,000 00
16,700 00
3,000 00
SCO 00
6,000 00
62,000 00
6,700 00
5,900 00
2,500 00
15,100 00
3,. 500 00
35,000 00
7,500 00
20,000 00
4,000 00
400 00
2,500 00
2,500 00
2,000 00
35,600 00
2,500 0 0
25,300 00
5,000 00
10,000 00
5,000 00
5,000 00
10,0.00 00
2,500 00
10,0C0 00
21,200 00
4,500 00
11,000 00
1,000 00
1,000 00
3G0 00
300 00
300 00
14,000 00
7,200 00
40,300 00
29,500 00
2,500 00
1,900 00
3,100 00
14,000 00
S cts.
740 00
750 00
750 00
500 00
200 00
1,0.')0 00
2,260 00
200 00
1,000 00
3,800 00
500 00
1,670 00
300 00
30 00
600 VA)
0,200 00
670 00
590 00
250 00
1,510 00
350 00
3,500 00
750 00
2,000 00
400 00
40 00
250 00
250 00
2C0 00
3,560 00
250 00
2,530 00
500 00
1,000 00
500 00
500 00
1,000 00
250 00
1,000 00
2,120 00
450 00
1,100 00
100 00
100 00
30 00
30 00
30 00
1,400 00
720 00
4,030 00
2,950 00
250 00
190 00
310 00
1 , 400 00
LIST OF SHAREHOLDERS
583
SESSIONAL PAPER No. 8
CONFEDERATION LIFE ASSOCIATION— Concluded
List of Shareholders — Concluded
Name
Macdonald, Miss Louise
Macdonald, Fred W
Mailoch, Mrs. Olive C. E
Marani, Sarah B
Mason, Mary L. (executrix estate of
lateW.T.)
Mason, Amy E
Mason, Douglas H. C
Milne, Mrs. Mabel G
Moore, Miss R. M
Mulock, Sir Wm
Myers, estate of late Alfred
MacLean, estate Margaret J
Nesbitt, Hon. Wallace
Osier, Sir Edmund B
O'Reilly, Mrs. Athole G. B
Paisley, Mrs. Louise F
Parker, James
Patterson, W'm. G
Prevost, Mrs. Sarah B
Ro.se, Mrs. Catharine E
Smith, Mrs. Emily G
Swan, Henry
Toronto General Trusts Corp. (Trust-
ees C. W. Ball)
Toronto General Trusts Corp. (Trust-
ees, estate of late Elizabeth S
Myers
Toronto General Trusts Corp. (Trust-
ees Nordheimer Gamble M. S.
trust)
Toronto General Trusts Corp. (Trust-
ees, Roy Nordheimer)
Toronto General Trusts Corp. (Trust-
ees Nordheimer Houston M. S.
trust)
Toronto General Trusts Corp. (Trust-
ees, Norheimer estate)
Thompson, Mrs. Roberta C
Vachon, Miss B. L.
Vander Smissen, Elizabeth S
Vigeon, Harry C. A
VVadsworth, Miss Sarah L
Winterbottom, Mrs. Marion M
Young, estate of late Jas
Thomson, Mrs. Emma F
Macdonald, Chas. S. (in trust)
McPherson, Mrs. Flora L
Henderson, Mrs. Edith E
Ridout, Mrs. Dorothy A
Alley, H. R '.
Tilley, H. R
Cronyn, B. B
Nordheimer, M. E. B
Smith, Chas. P
Massie, Robt. F
Smith, Mrs. Mar>-
Address
Toronto.
North Bay, Ont.
Toronto, Ont
Truro, N.S...
Toronto, Ont.
Sackville, N.B.
Toronto
Cheltenham, Eng.
Toronto, Ont
Guelph, Ont
Toronto
Niagara-on-Lake .
Toronto
Toronto
New York, N.Y.
Gait, Ont
Montreal
Toronto
Cobourg.
Toronto.,
No. of
shares
95
70
50
100
66
66
84
15
226
150
40
11
335
10
100
50
25
86
69
46
200
50
500
10
20
10
10
500
3
74
20
80
200
40
62
70
12
12
8
110
25
10
20
250
100
10,000
Amount
subscribed
$ cts
9,500 00
7,000 00
5,000 00
8,800 00
10,000 00
6,600 00
6,600 00
8,400 00
1,500 00
22,600 00
15,000 00
4,000 00
1,100 00
33,500 00
1,000 00
10,000 00
5,000 00
2,500 00
8,600 00
6,900 00
4,600 00
20,000 00
5,000 00
50,000 00
1,000 00
2,000 00
1,000 00
1,000 00
50,000 00
300 00
7,400 00
2,000 00
8,000 00
6,1,00 00
20,000 00
4,000 00
6,200 00
7,000 00
1,200 00
1,200 00
' 800 00
11,000 00
2,500 00
1,000 00
2,000 00
25,000 00
10,000 00
$1,000,000 00
Amount
paid in
cash
$ cts.
950 00
700 00
500 00
880 00
1,000 00
660 00
660 CO
840 00
150 00
2,260 00
1,500 00
400 00
110 00
3,350 00
100 00
1,000 00
500 00
250 00
860 00
690 00
460 00
2,000 00
500 00
5,000 00
100 00
200 00
100 00
100 00
5,000 00
30 00
740 00
200 00
800 00
610 00
2,000 00
400 00
620 00
700 00
120 00
120 00
80 00
1,100 00
250 00
100 00
200 00
2,500 00
1,000 00
5100,000 00
584
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1321
THE CONTINENTAL LIFE INSURANCE COMPANY.
List or Directors— (As at February 16, 1921).
Shareholders' Directors— Geo. B. Woods, H. W. Aikins, M.D., Sidney Jones, Marmaduke Rawlinson,
William A. Medland, N. L. Paterson, John B. Holden, William A. Denton
Policyholders' Directors— E. E. Sharpe, Richard Southam, John W. Hobbs, William A. Dryden
List or Shareholders — (As at Dec. 31, 1920).
Name
Adams, Dr. H
Adams, Rev. W. H
Aikins, Dr. H. Wilberforce . . .
Aikins, Miss Lydia E. L
Aikins, Moses Henry
Allin, Hiram
Allison, Mrs. Tannis
Anderson, Wm. J
Annis, Charles A
Applebee, Dr. James
Armour, Joseph
Arthur, Dr. J. Robins
Auslebrook, G. O., estate of. .
Bannerman, Dr. J. G
Barclay, Elizabeth, estate of.
Barker, Margaret, Miss
Bay ley, Mrs. Susan C
Bean, Mrs. Mar>' E
Bennett, Mrs. Maggie L
Bennett, Dr. W. H
Binghajn, Dr. G. S
Birss, Francis
Boulton, G. H
Boyer, Edward W
Boyer, Dr. George F
Bojer , John P
Boyer, Joseph Blair
Boj^er, Thomas W
Bray, Thomas L
Bright, Mrs. Mary A
Bright, W. D
Brine, F.E
Briscoe, R. A
Bromley, John
Brown, Miss Edna M
Burgess, James
Butler, Edward J
Cahill, Ed
Cameron, Dr. W. A
Campbell, Arch., estate of . . .
Campbell, A. M
Carless, Richard
Carter, Charles S., estate of.
Carter, DeWitt
Cassels, Duncan S., trustee..
Chambers, Mrs. Lottie
Clapp, David
Clare, Rev. Geo. R
Clark, Mrs. Adelaide L
Clark, Dr. C. W
Clarke, Harry Hawkins
Coates, P. H
Coatsworth, Emerson
Coatsworth, Mrs. Helen. ...
Cochrane, John
Cochrane, Miss Margaret. . .
Codd, Miss Annie S. W
Cohoe, John G
Corbett, Alex
Embro, Ont.. .
Thornton, Ont.
Toronto
Address
Burnhamthorpe, Ont.
Ostrander, Ont
Calgary, Alta
Stratford, Ont
Port L^nion, Ont
Parry Sound, Ont
Detroit, Mich
CoUingwood, Ont ... .
Winnipeg, Man
Owen Sound, Ont. . . .
Winnipeg, Man
Toronto, Ont
JohnvUle, Que
Woodstock, Ont
Langdon, Alta
Tilsonburg, Ont
Hamilton, Ont
Harriston, Ont
Toronto, Ont
No. of
shares
Rock Springs, Wyoming,
U.S.A
Toronto, Ont
Erskine, Alta
Toronto, Ont
Seaforth, Ont...
Vancouver, B.C
Gait, Ont
Pembroke, Ont
CoUingwood, Ont. . .
Tilbury, Ont
St. Thomas, Ont...,
Winnipeg, Man
Arnprior, Ont
Woodville, Ont
LacomVje. Alta
Tilbury, Ont
Port Colborne, Ont.
Toronto, Ont
Vancouver, B.C.
Le Pas, Man
Orono, Ont
Edmonton, Alta.
Toronto, Ont....
Haliburton, Ont.
Johnville, Que. . .
Toronto, Ont. . . .
Ayr, Ont.
St. Thomas, Ont
Memphis, Tenn., U.S.A.
Waukesha, Wis., U.S.A.
10
10
550
250
100
40
20
10
5
5
5
20
15
2
25
20
4
20
6
5
10
20
10
2
2
2
2
2
10
5
5
5
10
10
4
10
5
10
20
1
10
10
50
40
10
10
50
40
20
4
79
25
10
10
20
10
5
Amount
subscribed
$ cts.
1,000 00
1,000 00
55,000 00
25,000 00
10,000 00
4,000 00
2,000 00
1,000 00
.500 00
.500 00
500 00
2,000 00
1,500 00
200 00
2,500 00
2,000 00
400 00
2,000 00
600 00
500 00
1,000 00
2,000 00
1,000 00
200 00
200 00
200 00
200 00
200 00
1,000 00
500 00
500 00
500 00
1,000 00
1,000 00
400 00
500 00
500 00
1,000 00
500 00
1,000 00
2,000 00
100 00
1,000 00
1,000 00
5,000 00
4,000 00
1,000 00
1,000 00
5,000 00
4,000 00
2,000 00
400 00
7,900 00
2,500 00
1,000 00
1,000 00
2,000 00
1,000 00
500 00
Amount
paid in
cash
S cts.
200 00
200 00
11,000 00
5,000 00
2,000 00
SOO 00
400 00
200 00
100 00
100 00
100 00
400 00
300 00
40 00
.500 00
400 00
80 00
400 00
120 00
100 00
200 00
400 00
200 00
40 00
40 00
40 00
40 00
40 00
200 00
100 00
100 00
100 00
200 00
200 00
80 00
100 00
100 00
200 00
100 00
200 00
400 00
20 00
200 00
200 00
1.000 GO
800 00
200 00
200 00
1,000 00
SOO 00
400 00
80 00
1 , 580 00
500 00
200 00
200 00
400 00
200 00
100 00
LI8T OF SHAREHOLDERS
585
SESSIONAL PAPER No. 8
THE CONTINENTAL LIFB— Continued.
List of Shareholders — Continued
Name
Address
No. of
shares
Amount
subscribed
Amount
paid in
cash
Corbould, Gordon E., trustee.
Cowan, S. B
Cowper, Annie Louise
Cram, George
Crosby, A. B
Dafoe, Isaiah B
Davidson, Sophia E
Denton, William A
Dickey, J. H
Dickson, Jas. D
Dickson, Dr. W. W., estate of.
Douglas, D. H
Douglas, W. G
Drumniond, H. M., estate of..
Dyer, William D
Edgecombe, Fred B
Egbert, Wm
Elliott, Thomas
Elliott, William
Etherington, Jos -
Farley, Mrs. Ethel E
Farley, Dr. John J
Farmer, Rev. Samuel J
Ferguson, Duncan
Ferguson, Hugh
Flintoft, John
Floyd, Rev. M. P
Forrester, A., estate of
Foster, James
Frame, J. F
Fuller, Charles H
Fulton, George
Furniss, Frederick L
Furniss, Mrs. Mary P
Gawley, Margaret W
Gibson, Dr. James L
Gilchrist, Dr. W. C
Gilroy, G. R
Glass, Mrs. Barbara Barker. . .
Goodspeed, Rev. C, estate of.
Graham , J. C
Grant, James, estate of
Green, Kate E
Gunn, Hector
Gunn, N. B
Guthrie, Catherine Mary
Hall, Miss Frances
Hall, Miss M. A
Hart, Thomas
Hart, Thomas M
Harvey, Dr. E. E
Hastings, Thomas A
Hays, Robt. C
Henderson, H. E
Henwood, Dr. J. M
Herald, Chas. A
Herald, W.J
Higginbotham, Mrs. Lorinda. .
Herbert, Miss Martha H
Hobbs, Mrs. Katherine S
Hoig, Dr. D. S
Holden, John B
Hope, Mrs. Grace J
HornlDy, Mrs. Sara M
Howey, Dr. R
Hunt, John D
Hunton, Edith E
Jamieson, Dr. C.J
Jaques, Dr. W. S
New Westminster, B.C
Portage-la-Prairie, Man
Dundas, Ont
Morden, Man
Halifax, N.S
Aultsville, Ont
Neepawa, Ont
Toronto, Ont
Trenton, Ont
Niagara Falls, Ont
Pembroke, Ont
Chatham, Ont
Winnipeg, Man
Edmonton, Alta
Columbus, Ont
Fredericton, N.B
Calgary, Alta
Listowel, Ont
Mitchell, Ont
Hamilton, Ont
Trenton, Ont
Belleville, Ont
Ottawa, Ont
Stratford, Ont
Moosejaw, Sask
Perth, Ont
Marshall, Sask
Clinton, Ont
Tilbury, Ont
Vancouver, B.C
Toronto, Ont
A.ilsa Craig, Ont
Beaverton, Ont
Binbrook, Ont
Lynden, Ont
Orillia, Ont
Mount Forest, Ont.
Kingston, Ont
Paradise, N.S
W^innipeg, Man
Saskatoon, Sask. . .
Greenwood, Ont. . .
Toronto, Ont
IngersoU, Ont
Ayr. Ont
Guelph, Ont
Innerkip, Ont.
Norwich, Ont . . . . .
Toronto, Ont
Goderich, Ont
Brandon, Man
Toronto, Ont
Hamilton, Ont
Sydney, N.S
Virden, Man
Belleville, Ont....
Toronto, Ont
Oshawa, Ont
Toronto, Ont
Edmonton, Alta..
Ruthilda, Sask. . .
Owen Sound, Ont.
Edmonton, Alta. .
SackviUe, N.B....
Winnipeg, Man
Trenton, Ont
40
210
5
10
10
10
20
50
10
10
10
10
5
5
5
10
10
15
20
2
10
10
4
20
25
10
10
80
1.3
40
10
10
20
20
4
50
20
5
10
40
.30
10
10
10
25
5
25
25
10
10
10
5
20
10
10
50
32
8
75
100
15
369
10
10
10
1
10
5
25
S cts,
4,000 00
21,000 00
500 00
1 , 000 00
1,000 00
1,000 00
2,000 00
5,000 00
1,000 00
1,000 00
1,000 00
1,000 00
500 00
5t)0 00
.500 00
1,000 00
1,000 00
1,500 00
2,000 00
200 00
1,000 00
1,000 00
400 00
2,000 00
2,500 00
1,000 00
1 , 000 00
8,000 00
1,300 00
4,000 00
1,000 00
1,000 00
2,000 00
2,000 00
400 00
5,000 00
2,000 00
500 00
1,000 00
4,000 00
3,000 00
1,000 00
1,000 00
1,000 00
2,500 00
500 00
2,500 00
2,500 00
1,000 00
1,000 00
1,000 00
500 00
2,000 00
1,000 00
1,000 00
5,000 00
3,200 00
800 00
7,500 00
10,000 00
1,500 00
36,900 00
1,000 00
1,000 00
1,000 00
100 00
1,000 00
500 00
2,500 00
S cts.
800 00
4,200 00
100 00
200 00
200 00
200 00
400 00
1,000 00
200 00
200 00
200 00
200 00
100 00
100 00
100 00
200 00
200 00
300 00
400 00
40 00
200 00
200 00
80 00
400 00
500 00
200 00
200 00
1,600 00
260 00
800 00
200 00
200 00
400 00
400 00
80 00
1,000 00
400 00
100 00
200 00
800 00
600 00
200 00
200 00
200 00
500 00
100 00
•iOO 00
.500 00
200 00
200 00
200 00
100 00
400 00
200 00
200 00
1.000 00
640 00
160 00
1,.500 00
2,000 00
300 00
7,380 00
200 00
200 00
200 00
20 00
200 00
100 00
500 00
586
DEPARTMENT OF INSURANCE
THE CONTINENTAL LIFE— Continued
List of Shareholders — Continued
11 GEORGE V, A. i921
Name
Address
No. of
shares
Amount
subscribed
Johnston, W. H
Jones, Dr. Allen A
Jones, Ruth
Jones, Sidney
Jull, Bennet, estate of
Kearns, Mrs. Amelia M
Kidd. W. G
Lane, John J
Lauchland, William George
LawTence, W.J
Lee. Charles H
Leishman, Alex
Lillie, J. T
Logan, John X., estate of
Loucks, Minnie
Luckens, Rev. Traiton
Ludlow, William
Lunan, Alex. Lawson
Mabee, Mrs. Sarah, estate of. . .
MacEwan, John A
MacKay, Dr. Hugh
MacKechnie, Dr. L. N
MacLaren, .John A
MacLeod, Malcolm H
Mair, John
Mair, Mrs. Agnes M
Marsh, Rev. D. B
Mather, Samuel
Matheson, Dr. John S
Matheson, R. M
Matte, J. S
Medland, William A
Meldrum, Mrs. M. R., estate of
Menzies, Mrs. Maggie
Metcalf, Thomas H
Millar, James, Estate of
Milrov, Dr. Thomas M
Minshall, H., M.D
Moore, James
Morgan, J
Mosely, John
Muir, .James
Muma, Mrs. G. B
Munro, Hugh
McArthur, A. G
McArthur, George
McCallum, J. R
McCowan, David
McCowan, John
McCutcheon, Mrs. B
McDermott, Patrick J
McGill, Miss F. A., in trust
McGill, Mrs. Mary
McKee, Dr. J. Fennell
McKenzie, Mrs. Jessie Butler. . .
McKinley, .Vrchibald
McKinley, Charles Brjce
McLagan, Mrs. Sarah Ann
McLaughlin, R. T
McMillan, Hon. Hugh
McXallv, Er%'in C
McPhillips,F
McRitchie, Dr. Thos. L
Nesbit, Mrs. Eliza G
Newstead, John, Estate of
Nichols, Edward
NisVjet, John
Norman, John W
Oakes, LB
Winnipeg, Man
Buffalo, N.Y
Toronto, Ont
a
Orangeville, Ont
Kingston, Ont
Winnipeg, Man
Oshawa, Ont
Port Hope, Ont
Winnipeg, Man
Toronto, Ont
Orillia, Ont
London, Ont
Morrisburg, Ont
Flint, Ont
Dundalk, Ont
Toronto, Ont
Winnipeg, Man
Anerley, Sask
Winnipeg, Man
Vancouver, B.C
Ottawa, Ont
Winnipeg, Man
Collingw^ood, Ont
Pickering, Ont
Tilbury, Ont
Brandon, Man
Quebec, P.Q.. '.'..! !.....
Toronto, Ont
New Durham, Ont
Ailsa Craig, Ont
Portage-la-Prairie, Man
Arnprior, Ont
Winnipeg, Man
Brownsville, Ont
Brooklin, Ont
Walkerton, Ont
Toronto, Ont
Calgar>', Alta
Ayr, Ont
Alexandria, Ont
Winnipeg, Man
St. John, N.B
Welland, Ont
Portage-la-Prairie, Man,
Toronto, Ont
Barrie, Ont
Minnedosa, Man
Toronto, Ont
Chicago, 111
Toronto, Ont
Mitchell, Ont.......
Alba, Ont
Lindsay, Ont
Niagara Falls, Ont
Toronto, Ont
Chatham, Ont
Detroit, Mich
Guelph, Ont
Mitchell, Ont
Owen Sound, Ont
Toronto, Ont
Wolfville. N.S
20
10
50
510
10
25
10
10
10
20
5
10
5
2
4
25
10
40
10
30
5
50
50
10
2
3
2
10
10
20
10
50
10
20
10
5
20
20
10
10
30
5
10
60
1
5
100
10
10
10
10
20
55
10
25
2
2
10
5
25
20
10
10
25
10
50
25
50
20
$ ets.
2,000 00
1,000 00
5,000 00
51,000 00
1,000 00
2,500 00
1,000 00
1,000 00
1,000 00
2,000 00
500 00
1,000 00
500 00
200 00
400 00
2,500 00
1,000 00
4,000 00
1,000 00
3,000 00
500 00
5,000 00
5,000 00
1,000 00
200 00
300 00
200 00
1,000 00
1,000 00
2,000 00
1,000 00
5,000 00
1,000 00
2,000 00
1,000 00
500 00
2,000 00
2,000 00
1,000 00
1,000 00
3,000 00
500 00
1,000 00
6,000 00
100 00
500 00
10,000 00
1,000 00
1,000 00
1,000 00
1,000 00
2,000 00
5,500 00
1,000 00
2,500 00
200 00
200 00
1,000 00
500 00
2,500 00
2,000 00
1,000 00
1,000 00
2,500 00
1.000 00
5,000 00
2,500 00
5,000 00
2,000 00
LIST OF SHAREHOLDERS
587
SESSIONAL PAPER No. 8
THE CONTINENTAL LIFE— Coricluded
List of Shareholders— ConcZwdei
Name
Address
No. of
shares
Amount
subscribed
Amount
paid in
cash
Pasmore, W.J
Paterson, Miss Helen M
Paterson, N. L
Paterson, Neil L
Pellatt, Sir Henry M
Philp, Dr. W. H
Piper, Samuel T
Porter, H. A
Pritchard, A. J
Puddicombe, Miss A., estate of
Puddicombe, Miss F. B., -Estate of..
Quinn, Rev. Samuel
Rae, James
Rawlinson, Marmaduke
Reid, J. B., in trust
Richardson, J. T
Robinson, \Vm
Rogerson, John A
Rosser, John T
Rosser , Joseph
Rothwell, Mrs. Ellen N
Rutherford, Dr. S. T
Sebert, Louis J
Shultis, Dr. John
Shunk, Mrs. Mona
Smale, Mrs. E. A. A., estate of
Smith, Dr. A. D
Smith, Mrs. Harriett
Spurr, Edward Youle
Stacpoole, Dick Alec
Steet, RosaE
Stephens, Russell
Stevenson, Dr. Wm. J
Stewart, Alan M
Stewart, Rev. Alex
Stewart, Miss B. F
Steward, Joseph and Cora E., or the
survivor
Stringer, C. W
Sudworth, W. A
Sykes, John
Thomson, Mrs. Mary
Todd, Dr. J. O
Tonge, J. H
Trott, Wm. D
Tufts, Prof. J. F
Turnbull, Dr. Alf. R
Turnbull, Elizabeth S
TurnbuU, Walter
Tj'e, Miss Annie E
Veitch, Dr. George, estate of
Walker, Rev. Harry
Walker, John A
Walker, Joseph
Warren, Margaret H
Way, Bidden
Wheeler, Miss M. L
Guelph, Ont..
Toronto, Ont.
Woodville, Ont.
Toronto, Ont.. .
Fleming, Sask..
Oshawa, Ont.. .
Fergus, Ont.. . .
Haysville, Ont.
Dresden, Ont
Medicine Hat, Alta.
Toronto, Ont
Wheolihan, J. D
Wishart, D. E. S
Woods, Mrs. Isabel
Woods, George B
Woods, Miss Cosie I
Woods, Geo. B. and Sid. Jones, in trust
Whyte, Dr. J. T
Young, Mrs. Martha C
Stevensville, Ont
Arthur, Ont
Denfield, Ont
Toronto, Ont
IngersoU, Ont
Stratford, Ont
Brooklin, Ont
Port Colbourne, Ont.
Chicago, 111., U.S.A.
Mitchell, Ont
Dundas, Ont
Toronto, Ont
Winnipeg, Man
Stratford, Ont
Vankleek Hill, Ont.
London, Ont
Winnipeg, Man
Toronto, Ont
Winnipeg, Man
Marshville, Ont
Hamilton, Ont
IngersoU, Ont
Mitchell, Ont
Orillia, Ont
Winnipeg, Man
St. Thomas, Ont...
CoUingwood, Ont. . .
Wolfville, N.S
Moosejaw, Sask
St. Mary's, Ont
Hamilton, Ont
Haysville, Ont
Winterbourne, Ont..
Knowlton, Que
Chatham, Ont
Fredericton, N.B...
Toronto, Ont
Hamilton, Ont
North Wilmington,
Mass '
Campbellville, Ont.
Toronto, Ont
Killarney, Man.
Detroit, Mich...
10
50
110
20
30
5
30
5
8
60
40
5
20
155
50
10
5
10
75
60
5
10
5
1
275
25
10
5
10
50
80
5
10
10
80
10
5
20
40
25
10
25
10
20
100
20
10
15
5
5
5
10
10
20
20
4
30
4
40
224
32
,660
1
20
10.000
•S cts
1,000 00
5,000 00
11,000 00
2,000 00
3,000 00
500 00
3,000 00
500 00
800 00
6,000 00
4,000 00
500 00
2,000 00
15,500 00
5,000 00
1,000 00
500 00
1,000 00
7,500 00
6,000 00
500 00
1,000 00
500 00
100 00
27,500 00
2,500 00
1,000 00
500 00
1,000 00
5,000 00
8,000 00
500 00
1,000 00
1,000 00
8,000 00
1,000 00
500 00
2,000 00
4,000 00
2.500 00
1,000 00
2.500 00
1,000 00
2,000 00
10,000 00
2,000 00
1,000 00
1,500 00
500 00
500 00
500 00
1,000 00
1,000 00
2,000 00
2,000 00
400 00
3,000 00
400 00
4,000 00
22,400 00
3,200 00
266,000 00
100 00
2,000 00
$1,000,000 00
$ cts.
200 00
1,000 00
2,200 00
400 00
600 00
100 00
GOO 00
100 00
IGO 00
1,200 00
800 00
100 00
400 00
3,100 00
1,000 00
200 00
100 00
200 00
1 . 500 00
1,200 00
100 00
200 00
100 00
20 00
5,500 00
500 00
200 00
100 00
200 00
1,000 00
1,000 00
100 00
200 00
200 00
1,600 00
200 00
100 00
400 00
800 00
500 00
200 00
500 00
200 00
400 00
2,000 00
400 00
200 00
300 00
100 00
100 00
100 00
200 00
200 00
400 00
400 00
80 00
600 00
80 00
800 00
4,480 00
640 00
53,200 00
20 00
400 00
$200,000 00
588
DEPARTMKM OF IX.'ilHAXCE
11 GEORGE V, A. 192".
THE CROUN LIFE INSURANCE COMPANY.
List of Directors — (As at February 21, 1921).
Shareholders' Directors: — G. T. Somcrs, President: J. G. Kent, Vice-President ; Wm. Dincen, Sir Charles
H. Tupper, G. O. Somers, John F. Ellis.
Policyholders' Directors: — H. M. Mowat, Vice-President; David Wood, F. R. McD. Russell.
List of Shareholdehs — (As at December 31, 1920).
Name.
Address.
No. of
shares.
Amount
subscribed.
Amount
paid in
cash.
Abbott, John Louis Graham.. .
Ainlev, Norman
Aitken, W. H
Alexander, W. H., M.D
Allison, J. Walter
Anderson, Alex
Angus, Mary E
Archibald, Chas
Aston, Geo
Barker, Charles G
Barker, Florence I
Barker, Frances E
Barker, Mrs. Helen
Barker, E. P
Beams, W. E. (Trust)
Bauer, W. A
Baxter, C. S
Beck Mfg. Co., Ltd
Beer, Edgar G
Beer, Vernon L
Bendelari, Mrs. A. A
Betts, G. L
Bingay , Jacob
*Black, W. A
Black, W'. C
Black, Mary C
Bovyer, F
Borden, R. L., Hon., K.C., Sir
Bowers, E. C
Bray, Mtss A. J. (Est.)
Bruce, Florence A
Browne, Mrs. E. C. Graham...
Burgess, Mrs. Annie
Burwell, H. M
Calkin. Hugh E
Cameron, J. G
Campbell, Mad
Cassils, Chas
Chandler, Chas. H
Charlton, Mrs. E. G. (Est.)... .
Clare, Geo. A. (Est.)
Coffin, Miss F.B
Cotton, F. Carter
Cowan, Geo. H
Crabbe, S. W
Creelman, A. G
Culver, C. W
Deacon, E.J
Degex, Leonard M
Deschenes, B. M., M.D
Dineen, W'm
Ditmars, W. C
Doolittle, Charles E
Drewry, E. L
Duggan, E. J
Duncan, W. H
Vancouver, B.C..
Toronto
Charlottetown.. .
Toronto
Halifax
Charlottetown. . .
Montreal
Halifax
Valleyfield, P.Q.
Hamilton
Sudbury
St. Johns, Nfld.
Vancouver
Victoria
Penetang
Toronto
Cleveland, Ohio. . .
Sechelt, B.C.... ...
Yarmouth, N.S... .
Montreal
Calgary, Alta
Montreal
Charlottetown
Ottawa
Westport, N.S
Brantford
Beaverton, Ont. . . .
Montreal
Pasadena, Calif
Vancouver
Londonderr3% N.S.
Nelson
Vancouver
Montreal
Charlottetown
Toronto
Preston
Charlottetown
Vancouver
Charlottetown. . . .
Calgary
Simcoe
Vancouver
Prince Rupert
St. Pascal, Que. . .
Toronto
Vancouver
Hamilton
Winnipeg
Murray Bay, Que.
Regina
5
10
12
2
10
2
13
1
1
6
6
6
16
5
2
10
5
12
3
2
4
5
5
5
5
27
3
2
2
12
,267i
25
2
5
2
50
2
25
2
2
10
7
5
2
5
4
2
1
25
5
50
25
5
10
S cts,
500 00
1,000 00
1 , 200 00
200 00
1,000 00
200 00
1,300 00
100 00
100 00
600 00
600 00
600 00
1,600 00
500 00
200 00
1,000 00
500 00
1,200 00
300 00
200 00
400 00
oOO 00
500 00
500 00
500 00
500 00
500 00
2,700 00
300 00
200 00
200 00
1,200 00
126,725 00
2,. 500 00
200 00
500 00
200 00
5,000 00
200 00
2,500 00
200 00
200 00
1,000 00
700 00
500 00
200 00
500 00
400 00
200 00
100 00
2,500 00
500 00
5,000 00
2,500 00
500 00
1,000 00
5 cts.
125 00
250 00
300 00
50 00
250 00
70 00
650 00
25 00
60 00
300 00
300 00
300 00
800 00
125 00
50 00
250 00
35 79
300 00
75 00
.50 00
100 00
25 35
500 00
125 00
125 00
125 00
125 00
1,620 00
75 00
50 00
50 00
600 00
13,573 30
625 00
50 00
375 00
50 00
1,250 00
50 00
625 00
50 00
50 00
71 60
175 00
125 00
50 00
125 00
100 00
200 00
100 00
156 25
125 00
1,250 00
625 00
275 00
250 00
LIST OF SHAREHOLDERS
589
SESSIONAL PAPER No. 8
THE CROWN LIP'S.— Continued.
List of Shareholders — Continued.
Dupont, G. T
Durnford, Mrs. Mary C
Eastern Trust Co. and Henry A. Kaul
back
Eastern Trust Co
Elliott, T
Ellis, John F
Fairbanks, E. B
Fairbanks, Mrs. M.M
Fennell, Robt., Est
Forget, A. E
Fowler, Geo. W., M.P
Fox, C. B....
Ganong, Maria F
Gibson, Dr. J. C
Gowanlock, Jas
Grant, Dr. Andrew
Hall, Dr. Wm
Hallett, Isaac H
Hamilton, Mrs. Alice M
Harris, Robt. E
Harris, Thos
Haszard, Hon. F. L
Hayward, H. H., Est
Heartz, F. R
Henderson, D. G
Henshaw, A. S., Est
Henshaw, Freda Maud
Henderson, S. M
Henderson, Charlotte
Hickay, Mrs. M. E., Executrix Est. of
C. E. Hickay
Hickler, John H
Hodgins, F. E., K.C
Hogarth, W. F
Hughes, A., Jordan
Hutchings, Rev. R. F
Ings, A. Ernest
Jenkins, Dr. S. R
Johnson, H. D
Johnson, S. M
Jones, Mrs. Kate D
Jones, Dr. O. M
Jordan, Mrs. M. M
Johnson, Mrs. E. W
Kennedy, Dr. Wm. Estate ,
Kent, John G
Ker, D. R
Kerfoot, W.J
Kitt, Thomas
Knight, R. H
Lamport, W. A
Touzel, Mrs. E. H
Laing, C. C
Lougheed, Hon. J. A
Macdonald, W. S
Macdonald, W. R. & F
Machell, Dr. H. T
MacKay, J. S
MacLaren, Dr. Murray
Mara, J. A. (Trust)
Marks, A. H. S
Maybury, Dr. W. F
McGill, R. S
McKessock, R. R., K.C
Halifax .
Lamb ton Mills.
Toronto
Springhill, N.S.
Charlotte town
Ottawa
Sussex, N.B
St. Louis, 111
St. Stephen, N.B
Jacksonville, Fla
West Ft. William
Beaverton
Ft. Qu'Appelle
Greenwood, B.C
Auburn, Peterboro, Ont
Halifax
St. John's, Nfld
Charlottetown
Ft. Qu'Appelle
Charlottetowai
Weston
Montreal
Vancouver.
Cobourg
Sault Ste. Marie, Mich.
Toronto
Fort William
Shanghai, China
Bedford, Que
Charlottetown
Stratford
Weymouth, N.S.
Victoria, B.C....
Halifax
Calgary
Hamilton
Toronto
Victoria
Vancouver
Lucan, Ont
Sault Ste. Marie.
Toronto
Winnipeg...
Calgary....
New York.
Toronto
New Glasgow, N.S.
St. John, N.B
Victoria
Toronto
Ottawa
Simcoe
Sudbury
12
10
5
139
1
1
2
50
1
12
25
5
20
2
2
2
6
2
5
5
5
17
1
18
19
1
4
25
1
9
1
13
3
1
10
731
25
1
13
1
25
50
76
50
5
2
17
1,200 00
1,000 00
.500 00
1.3,900 00
100 00
100 00
200 00
5,000 00
100 00
1,200 00
2,. 500 00
500 00
2,000 00
200 00
200 00
200 00
GOO 00
200 00
50D 00
.500 00
.500 00
1,700 00
100 00
1,800 00
1,900 00
500 00
2,200 00
100 00
400 00
2,500 00
100 00
900 00
100 00
200 00
200 00
100 00
200 00
200 00
1,.300 00
300 00
100 00
1,000 00
73,100 00
2,500 00
100 00
1,300 00
700 00
600 00
500 00
100 00
2,, 500 00
5,000 00
7,600 00
5,000 00
500 00
200 00
1,700 00
850 00
700 00
500 00
100 00
600 00
250 00
2.50 00
1,860 00
25 00
25 00
50 00
1,250 00
25 00
300 00
625 00
125 00
500 00
50 00
70 00
50 00
300 00
50 00
125 00
125 00
175 00
425 00
25 00
900 00
950 00
125 00
550 00
50 00
100 00
1,2.50 00
25 00
225 00
25 00
50 00
100 00
50 00
50 00
50 00
325 00
75 00
25 00
2.50 00
5,505 00
625 00
25 00
650 00
175 00
150 00
125 00
35 00
625 00
2,. 500 00
3,150 00
1,875 00
125 00
50 00
425 00
359 54
175 00
125 00
25 00
590
DEPARTMENT OF INSURANCE
THE CROWN LITE— Continued.
List of Shareholders — Continued.
11 GEORGE V, A. 1921
Name.
Address.
No. of
shares.
Amount
subscribed.
Amount
paid in
cash.
McKinnon, Angus A
McLaren, jfno. F
McLaren, Mrs. E
McKnight, Andrew
McNealy, Murray
McNut, S. C
McPhillips, A. E., K.C
McGregor, J. H
Meredith, Mrs. F. E
Molson, Dr. W. A
Molson, Fred. Wm
Moore, Dr. Jno. J
Morris, Mrs. E. A
Morton, Geo
Morton, John, Est
Mowat, Mrs. Mary A
Murray, Miss Bessie J
Murray, John, Jr
Murray, Robt. L
Murray, W. H
Morton, A. R
Nelson, J. B
Newson, .John
Nichol, W. C
Orde, W. I
Eastern Trust Co. & Fred W. Oxley .
Patterson, A.J
Payzant, John Y
Pelletier, Hon. L. P
Pennafather, Mrs. Edith A
Pepler, Dr. W. H
Peet, Geo. L
Prince, Mrs. Charlotte .*
Price, Alfred
Proctor, Jno. A., Est
Proctor, Geo
Proudfoot, W
Prowse, A. P
Prowse, W. H
Rainville, Hon. H. B
Ramsay, Thos. E
Rattenbury, Morton
Richards, S. O., Estate
Roberts, E. W
Roberts, Geo. H. (Trust)
Roberts, Mrs. S.J
Roome, Dr. W. F
Russell, J. A
Rumsay, Mrs. S. M
Seller, F. H
Shaw, H. H
Silcox, Sidney
Sinclair, Dr. D. G
Skinner, Robt. B., Est
Smith, Dr. P. St. C
Smyth, Mrs. Mary
Solcy, Jas. D
Somers, G. T
Standard Land & Sec. Corp
Somers, G. O
Stephenson, H. R
Thompson, F. W., Est
Tufts, Prof. J. F
Tupper, Sir. C. H
Springhill, N.S.
Digby, N.S
Simcoe, Ont
Montreal
New Glasgow, N.S.
Victoria
Bo.ston, Mass. .
Montreal, Que.
Brooklin, Ont. . .
Shelburne, N.S.
Ft. William
Toronto
New Glasgow, N.S.
Springhill, N.S
Toronto
Springhill, N.S.
Charlotte town.,
Vancouver
Winnipeg
Halifax
Toronto
Halifax
Quebec
Toronto
Calgary
Toronto
Montreal
Beaverton
BowTTianville
Goderich
Murray Harbour, P.E.I
Montreal
Summerside, P.E.I.
Belcourt, Man
Vancouver,
Regina, Sask
Ottawa
Cobourg, Ont
London, Ont
Vancouver
St. Mary's Ont
Charlottetown
Stratford, Ont...
Woodstock, Ont.
Toronto
St. John's. Nfid.
Springhill, N.S..
Toronto
Chicago
Toronto
Montreal, Que.
Wolfville, N.S.
Vancouver
10
2
13
50
2
2
3
5
13
1
2
2
2
1
2
3
2
2
q
204
10
2
6
3
5
5
5
2
1.5
2
6
6
50
15
5
25
3
21
2
2
1
3
1
27
2
5
10
247
837
200
60
13
MO-
SS
1,
$ cts.
500 00
300 00
500 00
500 00
500 00
200 00
500 00
1,000 00
200 00
1,300 00
5,000 00
200 00
200 00
300 00
500 00
300 00
100 00
200 00
200 00
200 00
100 00
200 00
300 00
200 00
200 00
300 00
20,400 00
1,000 00
200 00
600 00
300 00
500 00
500 00
500 00
200 00
1,500 00
200 00
COO 00
600 00
5,000 00
1,500 00
200 00
500 00
200 00
500 00
2,500 00
300 00
250 00
200 00
200 00
100 00
300 00
100 00
2,700 00
200 00
500 00
1,000 00
24,700 00
83,700 00
20,000 00
6,000 00
1,300 00
14,000 00
3,800 00
cts.
125 00
75 00
125 00
250 00
125 00
50 00
125 00
250 00
50 00
325 00
2,500 00
50 00
50 00
75 00
125 00
455 00
45 00
50 00
50 00
50 00
25 00
50 00
75 00
50 00
50 00
75 00
6,655 00
250 00
100 00
300 00
75 00
125 00
250 00
500 00
200 00
625 00
50 00
300 00
300 00
1,250 00
375 00
50 00
125 00
50 00
125 00
625 00
75 00
62 50
200 00
50 00
25 00
75 00
25 00
228 92
90 00
175 00
250 00
2,850 00
8,705 00
1,250 00
1,600 00
325 00
4,295 00
950 00
LIST OF SHAREHOLDERS
591
SESSIONAL PAPER No. 8
THE CROWN LIFE— ConcZuiei
List of Shareholders — Concluded
Name
Tupper, J. Stewart & \Vm. Johnson
Tupper
Tupper, J. Stewart
Tufts, H. A
Weatherbee, Uriah
Webster, Dr. G. A
Weeks, Arthur W
Weeks, W . A
Wallace, W
White, Mrs. L. M
Eastern Trust Co., Exec, of W . N . Wick
wire. Estate
Wilson, Geo. I
Wilson, Miss E
Wilson, Dr. D. H
Wilson, Wm
Withers, J. W
Wbidden, Mrs. S. A
Zealand, Mrs. Minnie M
Address
Winnipeg
Wolfville, n!s!.'
Springhill, N.S.
\armouth, N.S
Charlotte town . .
Toronto
Halifax
Vancouver
Cannington
Vancouver
Victoria
St. John's, Nfld
Wolfville, N.S..
Hamilton
No. of
shares
25
13
11
5
2
2
25
5
13
121
5
25
4
5,558f
Amount
subscribed
S cts.
2,500 00
1,.300 00
1,100 00
500 00
200 00
200 00
500 00
500 00
500 00
500 00
2,500 00
500 00
1,300 00
1,250 00
500 00
2,500 00
400 00
$555,875 00
Amount
paid in
cash
$ cts.
625 00
325 00
550 00
125 00
50 00
50 00
125 00
125 00
280 00
250 00
625 00
125 00
325 00
312 50
125 00
1,2.50 00
100 00
$102,070 75
592
DEPARTMEyT OF INSURANCE
11 GEORGE V, A. 1921
THE DOMINION LIFE ASSURANCE COMPANY.
List of Directors— (As at Feb. 11, 1921).
ijhareholders' Directors — Thomas Hilliard, Pres.; S. B. Bricker, Vice-President; David Bean; W. T.
Parke, M. D.; Thos. Bradshaw; E. F. Seagram, Vice-Pres.; C. W. Wells, J. H. Gundy; W. L. Hilliard,
M.D.
Policyholders' Directors — Geo. D. Forbes, Vice-Pres.; Geo. A. Dobbie; A. J. Andrews, K.C.; F. S.
Kumpf: H. M. Snyder.
List or Sh.\reholders— (As at Dec. 31, 1920).
Name
Address
Amount
subscribed
Amount
paid in
cash
Alexander, Robert
Andrews, F. S., K.C
Bauman, Dr. A. F. (Est. of)..
Bean, David
Bechtel, Miss Eloine
Bingeman, Mrs. Elizabeth
Bingeman, Jonas R
Bhidon, Mrs. L. W
Boles, William
Bowers, Miss C. Charlotte
Bowman, Herbert H
Bowman, Emily A
Bowman, Emily M
Bradshaw, Thos
Bricker, Levi
Bricker, Simon B
Brown, Mrs. Angeline
Bruce, Mrs. Sarah L
Clemens, Miss Louise
Elliott, Mrs. Jennie H
Elsley, Levi
Fleming, C. A
Ferrier, Mrs. Annie
Forbes, Mrs. Amj- V
Gillespie, Mrs. Mary (Est. of).
Goodale, Miss Elizabeth
Gundy, J. H
Halstead, Fred
Hamilton, Rev. A. M., M.A...
Hendry, Clara M.
Ottawa
Winnipeg, Man.
Waterloo, Ont..
R. R. No. 2, Waterloo, Ont.
Minneapolis, Minn
Stratford, Ont
Alma St., Kitchener, Ont.
Toronto, Ont
Kitchener, Ont
Battle Creek, Mich
Toronto, Ont
Waterloo, Ont
Hamilton, Ont
Toronto
E. Lansing, Mich
Toronto
Campbellville
Owen Sound, Ont
Toronto
c/o G. D. Forbes, Hespeler.
c/o S. B. Bricker, Waterloo.
Cheviot, Sask
Toronto, Ont
Waterloo, Ont
Guelph, Ont
Toronto, Ont.
Hilliard, Arthur J., D.D.S Kitchener, Ont
Hilliard, Thos Waterloo, Ont.
Hilliard, W. L., Dr
Hilborn, Mrs. G. W
Hilliard, Fred A
Hilliard, J. Chas
Hope, James
Huenergard, Conrad
Johnston, William H
Johnston, Mrs. Sarah M
Kumpf, A. L
Lackner, H. G., M.D
Lackworthy, Geo
Lockhart, Miss Helen I
Martin, Miss Hazel L
Martin, Miss Ida J
McCall. Hon. Alex
McDonald, Mrs. Alice
McGowan, John
McGregor, Mrs. Mamie E
McColl, Clara M
Mcintosh, J. I
McKeown, Mrs. Christina I
McKay, Hugh M., M.D. (Est. of). . . . .
McMullen, Jas. A
McMullen, R. T
Preston, Ont
Edmonton, Alta
Conestogo, Ont
61 Sparks St., Ottawa
Waterloo, Ont
Kippen, Ont
c/o W. H. Johnston, Kippen
Waterloo, Ont
KitcheneK, Ont
Stratford, Ont
London, Ont
Canton, Ont
Waterloo, Ont
Simcoe, Ont
c/o The Lion, Guelph, Ont
Flora, Ont
Toronto, Ont
Kansas City
Guelph, Ont
Orangeville, Ont
Woodstock, Ont
Mount Forest, Ont
$ cts,
500 00
2,000 00
3,000 00
2,500 00
400 00
2,000 00
700 00
1,600 00
800 00
2,400 00
2,800 00
2,700 00
2,800 00
2,500 00
3,300 00
11,000 00
300 00
2,000 00
700 00
2,. 500 00
1,000 00
1,500 00
1,800 00
21,300 00
2,600 00
3,700 00
2,500 00
700 00
2,000 00
2,600 00
800 00
29,500 00
2,500 00
1,600 00
200 00
200 00
3,300 00
8,700 00
800 00
300 00
12,700 00
1,000 00
3,400 00
2,200 00
2,500 00
2,500 00
3,000 00
1,700 00
1,500 00
5,000 00
1 , 600 00
1,700 00
1 , 700 00
2,000 00
5,200 00
5,100 00
S cts.
200 GO
800 00
1,200 00
1,000 00
160 00
800 00
280 00
640 00
320 00
960 00
1,120 00
1,080 00
1,120 00
1,000 00
1,320 00
4,400 00
120 00
800 00
280 00
1,000 00
400 00
600 00
720 00
8,520 00
1,040 00
1,480 00
1,000 00
280 00
800 00
1,040 00
320 00
11,800 00
1,000 00
040 00
SO 00
80 00
1,320 00
3,480 00
320 00
120 00
5,080 00
400 00
1,360 00
880 00
1,000 00
1,000 00
1,200 00
680 00
600 00
2,000 00
640 00
680 00
680 00
800 00
2,080 00
2.040 00
LIST OF SHAREHOLDERS
593
SESSIONAL PAPER No. 8
THE DOMINION J AFE— Concluded
List of Shareholders — Concluded
Name
Melvin, Robert (Est. of)
Merner, Absalom (Est. of)
Moore, H. P
Mulloy, Chas. W
Mulloy, Nelson, M.D. (Est. of)..
Noecker, Chas. T., M.D
Noecker, Mrs. Roxanna
Ortwein, John W
Parke, W.T., M.D
Pasmore; Mrs. Laura O
Pasmore, W.J
Peine, Louis
Ratz, John (Est. of)
Ratz, George
Roos, Peter H
Roos, Miss Georgina
Sauder, Jeremiah '.
Sauder, William L
Sauder, Mrs. Ellen
Seagram, E. F
Shantz. Mrs. Cornelia
Shuh, Levi
Sims, Mrs. Mary J
Snider, Frederick W
Snider, William (estate of)
Snider, Wm., estate of, in trust. .
Snyder, Mrs. Elma P
Snyder, Herbert M
Trow, Thos. (estate of)
Trow, A. E
Umbach, Edward M
VanDusen, C. R
Vandusen, W
VanDusen, W.J
Vickerman, Mrs. Tillie S
Ward, Miss Hazel Elvira
Ward, Miss Elizabeth
Wells, Mrs. Eleanor A
Wells, C.W. , D.D.S
Wells, Lyman S
Wells, Walter, L.D.S. (estate of)
Wells, Mrs. R
Wing, Rev. M. I
Zimmerman, Mrs. Catharine. . . .
Addre.s
Toronto
Trout Creek, Ont
Acton, Ont
Aurora, Ont
Preston, Ont
Waterloo, Ont
Hensall, Ont
Woodstock, Ont
Toronto
Guelph
New Hamburg, Ont
c/o E. G. Ratz, Hamilton, Ont
Waterloo, Ont
Kitchener, Ont
IBreslau, Ont
Vancouver
e/o Jno. Sauder, Preston
\Vaterloo, Ont
c/o P. E. Shantz, Preston
Waterloo, Ont
Toronto, Ont
Waterloo, Ont
Stratford, Ont.......
Toronto
Topeka, Kan
Toronto, Ont
W. Toronto
Vancouver, B.C.
c/o Thos. Vickerman, Preston,
Ont
Toronto, Ont
Waterloo, Ont
it
San Francisco, Cal
Waterloo, Ont
St. Jacobs, Ont
Waterloo, Ont
Amount
subscribed
$ cts.
1,700 GO
5,000 00
1,000 00
1,700 00
1,000 00
5,000 00
2,000 00
1,000 00
12,000 00
2,000 00
2,000 00
4,200 00
2,500 00
5,000 00
3,000 00
2,. 500 00
400 00
400 00
500 00
51,100 00
300 00
15,000 00
11,300 00
2,600 00
400 00
7,800 00
2, GOO 00
21,100 00
5,000 00
5,000 00
1,500 00
1,000 00
2,500 00
1,500 00
2,000 00
800 00
800 00
500 00
3,900 00
1,600 00
14,900 00
3,300 00
1,500 00
2,200 00
$ 400,000 00
Amount
paid in
cash
$ cts.
680 00
2,000 00
400 00
680 00
400 00
2,000 00
800 00
400 00
4,800 00
800 00
800 00
1,680 00
1 , 000 00
2,000 00
1,200 00
1,000 00
160 00
160 00
200 00
20,440 00
120 00
6,000 00
4.520 00
1,040 00
160 00
3,120 00
1,040 00
8,440 00
2,000 00
2,000 00
600 00
400 00
1,000 00
600 00
800 00
320 00
320 00
200 00
1 , 560 00
640 00
5,960 00
1,320 00
600 00
880 00
$ 160,000 00
8—38*
594
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
THE T. EATON LIFE ASSURANCE COMPANY
List of Directors — (As at December 31, 1920).
Shareholders' Directors — Sir John Craig Eaton, President; Robert Young Eaton and Harry McGee,
Vice-presidents; William George Dean, Robert Wellington Eaton, Charles Boothe, John James
Vaughan, Herbert Mason Tucker and Samuel W'ilson.
List or Shareholders — (As at December 31, 1920).
Name
Address
No. of
shares
Amount
subscribed
Amount
paid in
cash
Toronto
1,500
25
25
25
25
25
25
25
25
800
$ cts.
150,000 00
2,500 00
2,500 00
2,500 00
2,500 00
2,500 00
2,500 00
2,500 00
2,500 00
80,000 00
$ cts.
60,000 00
1,000 00
Harry McGee
1,000 00
1,000 00
1,000 00
1,000 00
1,000 00
Herbert Mason Tucker ...
Winnipeg
1,000 00
1,000 00
The T. Eaton Co., Limited
Toronto and Winnipeg.. .
.32,000 00
2,500
$250,000 00
$100,000 00
LIST OF SHAREHOLDEliS
595
SESSIONAL PAPER No. 8
THE EXCELSIOR LIFE INSURANCE COMPANY
List of Directors — (As at January 28, 1921).
Shareholders' Directors — David Fasken, B.A., K. C, President; Alex. Faskin, B.A., First Vice-President.
Joseph Wright, Second Vice-President; Geo. E. Weir, W. H. Gooderham, Hon. Geo. Gordon, J. L.
Ross, and J. H. Black.
Policyholders' Directors — Hon. J. L. Perron, K.C., G. R. Warwick, J. C. Waugh, and A. M. Rankin.
List of Shareholders— (As at December 31, 1920).
Name
Address
No. of
shares
Amount
subscribed
Amount
paid in
cash
Ardagh, H. H
Armstrong, J. R., estate of
Bennett, Mary, administratrix of prop
of Edward Bennett, deceased
Billings, Mrs. T. J
Black, J. H
Booth, Isabel M
Breese, William
Brown, Mrs. C. C —
Bullis, Mrs. A. F
Burkinshaw, F. A
Campbell, Peter
Campbell, Mary
Clarke, Richard W
Clubb, A
Colter, W. F. B. (Dr.)
Cooke, J. C
Creasor, A. D
Dickson, Mrs. Jessie
Doty. C. F
Dunlop, estate of Mrs. N. E
Ego, Angus (Dr.)
Ewens, William
Falls, A. F
Fasken, Alex
Fasken, Alice
Fasken, David
Fasken, Robert
Ferguson, Wm. E. (Dr.)
Frawley, M.J
Gillies, John S., Alfred J., Geo. A.,
David A., executors last will Jas.
Gillies, deceased
Gooderham, A. E
Gooderham, G . H
Gooderham, M. R
Gooderham , W . G
Gooderham, estate of Geo. on a-c
Lillian M. Beatty
Gooderham, estate of Geo. on a-c H. P.
Blackstock
Gooderham, estate of Geo. on a-c V. D.
Bird
Gooderham, estate of Geo. on a-c Mrs.
A. M. Ross
Gordon, George
Gordon, estate of R. W
Grass, Robert E
Grass, Gladys Hamilton
Gulledge, E. H
Harvey, W'illiam
Henderson, J
Johnson, J. R
Kennedv, Dr. R. A
Kerr, Miss Edith R
Kilbourne, G. S
Knechtel, J. S
Laird Bros
Toronto.
Ottawa. .
Carleton Place.
Toronto
Vancouver
Winnipeg
Toronto
Pembroke
Chatsworth
Owen Sound
Rochester, N.Y.
Toronto
Bowmanville. . . .
Collingwood
Weyburn, Sask. .
Toronto
Sarnia
Kincardine
Owen Sound
Pembroke
Oakville
Pembroke
Markdale
Owen Sound
Chatham
Toronto
Midland, U.S....
Toronto.
Barrie. . .
North Bay.
Pembroke. .
Toronto
Oakville
Winnipeg
Edmonton
Clayville, N.Y.
Ottawa
Cobourg
Owen Sound. . . .
Hanover
Dresden
10
10
10
125
60
50
1
29
15
7
7
5
14
1
50
5
25
10
10
10
25
20
10
113
10
1,876
36
22
10
79
100
100
100
100
100
100
100
100
29
29
400
2
50
187
10
3
14
1
18
5
21
$ cts .
1,000 00
1 , 000 00
1,000 00
12,500 00
6,000 00
5,000 00
100 00
2,900 00
1,500 00
700 00
700 00
500 00
1,400 00
100 00
5,000 00
500 00
2,500 00
1,000 00
1,000 00
1,000 00
2,500 00
2,000 00
1,000 00
11,300 00
1,000 00
187,600 00
3,600 00
2,200 00
1,000 00
7,900 00
10,000 00
10,000 00
10,000 00
10,000 00
10,000 00
10,000 00
10,000 00
10,000 00
2,900 00
2,900 00
40,000 00
200 00
5,000 00
18,700 00
1,000 00
300 00
1,400 00
100 00
1,800 00
500 00
2,100 00
$ cts.
230 00
230 00
230 00
2,875 00
1,380 00
1,150 00
23 00
667 00
345 00
161 00
161 00
115 00
322 00
23 00
1,150 00
115 00
575 00
230 00
230 00
230 00
575 00
460 00
230 00
2,. 599 00
230 00
43,148 00
828 00
506 00
230 0
1,817 00
2,300 00
2,300 00
2,300 00
2,300 00
2,300 00
2,300 00
2,300 00
2.300 00
667 00
667 00
9,200 00
46 00
1,150 00
4.301 00
230 00
69 00
322 00
23 00
414 00
115 00
483 00
8-
596
DEPARTMENT OF INSURANCE
THE EXCELSIOR LIFE— Concluded.
List of Shareholders — Concluded.
11 GEORGE V, A. 1921
Nan
Address.
No. of
shares.
Amount
subscriljcd.
Amount
paid in
cash.
Latimer, Mrs. Elizabeth, administra
trix property .las. Latimer, deceased
Long, estate of Thomas
Macpherson, Mrs. Eliza A
McCleary, Jennie, Leonard B. E. Mc-
Cleary and Jas. C. Beatty, execu-
trix and executors estate of \Vm.
McCleary
McCormick, Miss Christina
McCuUough, Thos
McDonald, Mrs. Annie C
McEwens, Mrs. Helen
McFarland, George
McFarland, Wm. L
McFarland, estate of W. J
McFaul, A. W
McKean, K. \\
McPhillips, Frank.
Middleboro, Dr. T. H
Mitchell, C. W
Notter, Mrs. Fannie J
Osburn, Mrs. M. J
Robertson, estate of Capt. W. T
Ross, Mrs. Adelaide M
Ross, estate of Dr. W. A
Ross, MissM. E
Ross, J. L
Schmidt, George
Smart, A. M. (in trust)
Smith, H. B
Strathy, A. G
Strathy, G. B
Strathy, Mi.ss E. M. L
Strathy, .Jas. R
Thompson, J. E
Tinning, J. B
Cephas Harper, Leila Purser, Flora M.
Bright, executor and executrixes last
will of G. D. Ward, deceased
Wedge, Miss Jessie
Weir, Caroline (Miss)
Weir, Miss Catherine
Weir, George E
Wells, Dr. W. C
Wells, Mrs. W. C
Whiteside, estate of T. R
Woollings, Mrs. A. B
Woollings, James
Wrenshall, Mrs. A. B
Wright, Joseph
Carleton Place . . ,
Toronto
Ottawa
Chatsworth
Toronto
Owen Sound
Hamilton
Toronto
Owen Sound
Ottawa
Owen Sound
Toronto
Owen Sound
Toronto
Barrie
Toronto
Pembroke
London
Toronto
Arnprior
Toronto
Cobourg
Thorold
Dresden
St. Louis," U.s!a
Toronto
it
St. George
Toronto
4
29
14
2
10
5
5
24
18
18
19
9
21
15
10
10
40
5
99
6
5
25
5
21
50
10
10
10
10
5
1
5
3
43
43
29
1
1
2
1
6
10
110
S cts
400 00
2,900 00
1 , 400 00
200 00
1,000 00
500 00
500 00
2,400 00
1,800 00
1,800 00
1,900 00
900 00
2,100 00
1,500 00
1,000 00
1,000 00
4,000 00
500 00
700 00
9,900 00
600 00
500 00
2,500 00
500 00
2,100 00
5,000 00
1,000 00
1,000 00
1,000 00
1,000 00
500 00
100 00
500 00
300 00
4,300 00
4,300 00
2,900 00
100 00
100 00
200 00
100 00
600 00
1,000 00
11,000 00
cts.
92 00
667 00
322 00
46 00
230 00
115 00
115 00
552 00
414 00
414 00
437 00
207 00
483 00
345 00
230 00
230 00
920 00
115 00
161 00
2,277 00
1.38 00
115 00
575 00
115 00
483 00
1,150 00
230 00
230 00
230 00
230 00
115 00
23 00
115 00
69 00
989 00
989 00
667 00
23 00
23 00
46 00
23 00
138 00
230 00
2,530 00
5.000
$500,000 00
$115,000 00
LIST OF SHAREBOLDERS
597
SESSIONAL PAPER No. 8
THE GREAT-WEST LIFE ASSURANCE COMPANY.
List of Directors — (As at December 31, 1920).
Shareholders' Directors — A. Macdonald, President; Sir A. M. Nanton, G. F. Gait, Vice-Presidents;
G. W. Allan, K.C., G. R. Crowe, A. C. Flumerfelt, A. Kelly, Sir D. H. McMillan.
Policj'holders' Directors — R. T. Riley, Vice-President; F. Nation, W.H. Cross, M.F. Christie.
List of Shareholders — (As at December 31, 1920).
Name.
Address.
No. of
shares.
Amount
subscribed.
Amount
paid in
cash.
Aikins, Mr.?. J. S
Anderson, Estate J. P
Allen, Estate of Rev. J
Audette, L. A ,
Allan, G.W., K.C., M.P
Ames, Sir Herbert
Alexander, Estate of Mrs. M ,
Ashdown, J. H
AUoway, W. F -
Aikins, Sir James
Axford, Mrs. M ,
Ames, Mi.ss M. C
Ames, Lady
Alley, Mrs. F. M. (Trustees for)...
Allan, A. C
Allan Securities Co
Anderson, F.J
Allison, Mrs. Tannis
Alloway. W. F. (in trust)
Aldous, Mrs. Marjorie ,
Alley, Herbert R
Baker, E. Crow
Brock, Estate of J. H
Brock, Executors of Estate of W .R
Baskerville, C. A
Beck, Estate of G. S
Byrnes, Henry
Bawlf, Wm. R
Billett, T. R
Blanchard, R. J., M.D
Bannister, J. F. and Mrs. E. E
Balfour, G. H
Brown, J. Reed
Black, Mrs. J. E
Brock, Eustace A
Brock, E., Reginald
Bingham, George
Butler, C. A
Barbour, Mrs. Margaret Hall
Biscoe, Mrs. Ethelind J
Cross, A. E
Cowan, S. B., M.D
Cowan, H.J
Crowe, G. R
Crowe, J. A
Campbell, C. S
Cain, Estate of J
Carscaden, Mrs. C. E
Cross, Win
Creba, W
Campbell, Peter ,
Campbell, Isaac, K.C ,
Campbell, R.J
Cameron , A
Chown, H. H., M.D
Crowe, H
Clayton, F. W
Cadham, J. O ,
Carpenter, C. H
Carpenter, Mrs. Lucy B
Montreal, Que
Winnipeg^ Man
Toronto, Ont
Ottawa, Ont
Winnipeg, Man
Montreal, Que ,
Winnipeg, Man
Belmont, Man
Montreal, Que
Toronto, Ont
England
Winnipeg, Man
Calgary, Alta
Winnipeg, Man
Toronto, Ont
Victoria, B.C
Winnipeg, Man
Toronto, Ont
Winnipeg, Man
Toronto, Ont
Winnipeg, Man
Montreal, Que
Winnipeg, Man
Montreal, Que
Morden, Man
Winnipeg, Man
England
Montreal, Que
St. John, N.B
Salmon City, Idaho
Calgary, Alta
Portage la Prairie, Man
Winnipeg, Man
Montreal, Que
Virden, Man
Vancouver, B.C
W^innipeg, Man
Maple Creek, Sask
Carman, Man
Winnipeg, Man
Oak Lake, Man
Winnipeg, Man
Brookline, Mass
Portage la Prairie, Man
Toronto, Ont
40
8
20
80
483
85
18
305
86
200
5
60
20
67
100
20
8
20
50
40
I'l
40
100
100
40
40
20
4
2
60
80
10
10
3
7
3
10
10
10
5
8
61
86
158
28
100
20
80
20
5
40
42
20
30
150
90
15
35
25
$ cts.
4,000 00
800 00
2,000 00
8,000 00
48,300 00
8,500 00
1,800 00
30,. 500 00
8,600 00
20,000 00
500 00
6,000 00
2,000 00
6,700 00
10,000 00
2,000 00
800 00
2,000 00
5,000 00
4,000 00
1,100 00
4,000 00
10,000 00
10,000 00
4,000 00
4,000 00
2,000 00
400 00
200 00
6,000 00
8,000 00
1,000 00
1,000 00
300 00
700 00
300 00
1,000 00
1,000 00
1,000 00
500 00
800 00
6,100 00
8,600 00
15,800 00
2,800 00
10,000 00
2,000 00
8,000 00
2,000 00
500 00
4,000 00
4,200 00
2,000 00
3,000 00
15,000 00
9,000 00
1 , 500 00
3,500 00
2,500 00
600 00
$ cts.
4,000 00
800 00
2,000 00
8,000 00
48,300 00
8,500 00
1,800 00
30,500 00
8,600 00
20,000 00
500 00
6,000 00
2,000 00
6,700 00
10,000 00
2,000 00
800 00
2,000 00
5,000 00
4,000 00
1,100 00
4,000 00
10,000 00
10,000 00
4,000 00
3,100 00
2,000 00
400 00
200 00
6,000 00
8,000 00
1,000 00
1,000 00
300 00
700 00
300 00
1,000 00
1,000 00
1,000 00
500 00
800 00
6,100 00
8,600 00
15,800 00
2,800 00
10,000 00
2,000 00
8,000 00
2,000 00
500 00
4,000 00
4,200 00
2,000 00
3,000 00
15,000 00
9,000 00
1,500 00
3,500 00
2,500 00
600 00
598
DEPARTMENT OF INSURANCE
THE GREAT-WEST LIFFr-Continued.
List of Shareholders — Continued.
11 GEORGE V, A. 1921
Name.
Address.
No. of
shares.
Amount
subscribed.
Amount
paid in
cash.
$
cts
Comley, Mrs. Caroline B
Cohvill, J. Roy
( 'lark & Martin
CoUum, Mrs. Annie M
Cameron, Mrs. Louise E
Culver, Albert F •.
Drewry , E. L
Dancer, Mrs. C. H
Dixon Bros
Dixon, Mrs. Isaac
Drayton, Mrs. C. R
Dunsford, Mrs. C. R
Duffin, EarlC
Donald, Estate of W. A
Detwiler, Mrs. Leah
Daniel, Mrs. Emma J
Dow, Mrs. F. D. K
Detwiler, George B
Erb, Estate of L. E
Elliott, Mrs. E
Forsyth, George
Fletcher, Mrs. A
Fyshe, Estate of Thos
Eraser, Estate of A. W
Fuller, J. G
Fi-sher, Mrs. CD
Fullerton, Wm
Eraser, J. M
Frame, J. F
Ferguson, C. C
Flumerfelt, A. C
Fergu.son, Miss H. J
Ferguson, Miss N. I
Forlong, Mrs. Grace A
Folliott, \V. C
Ferguson, John Howard
Galbraith, Mrs. Ella B
Gait, G. F
Girvin, John A
Graham, H. C
Green, Mrs. T. D
Galletly, Mrs. Margaret M
Godfrey, Wm. and Hadow, R. N
(In trust)
Gait, G.F. &J
Henderson, F. G. A
Howitt, H.,M. D
Hillier, George
Hall, J. D
Holland, C. A
Hendrie, Sir John S
Hamilton, L. A
Hutchings, E. F
Hender-son, H. E
Hogg, Arthur W
Huxley, Jos. E
Huxley, Mrs. Mary C
Hurtley, Mrs. Margaret I
Henry, G. A. S
Hudson, D. H
Hall, MissE. E
Innes, R. L
Johnston, Wm
Jardine, A
Keddy, Estate of .John
Kelly, A
Kerr, Estate of Robt
Cumberland, B.C
Portage la Prairie, Man
Winnipeg, Man
Maple Creek, Sask.
Toronto, Ont...
Victoria, B.C..
Winnipeg, Man.
Harri.sburg, Pa
Montreal, Que
Toronto, Ont
Harrisburg, Pa
Victoria, B.C
New Westminster, B.C
Regina, Sask
New York, U.S.A
Montreal, Que
Ottawa, Ont
Granby, Que
Saskatoon, Sask
Montreal, Que
Victoria, B.C
Vancouver, B.C
Winnipeg, Man
Victoria, B.C
Marshfield, P.E.I
Winnipeg, Man.
Peterborough, Ont.
Fort Steele, B.C...
Winnipeg, Man
Calgary, Alta —
Sedgewick, Alta.
Victoria, B.C....
Vancouver, B.C..
Winnipeg, Man. . .
Brandon, Man —
Guelph, Ont
Ladysmith, B.C.
Vancouver, B.C..
Victoria, B.C.. . .
Hamilton, Ont.. .
Lome Park, Ont.
Winnipeg, Man.. .
lirandon, Man —
Winnipeg, Man. . .
Amherst, N.S.
Winnipeg, Man.
Victoria, B.C..
Hamilton, Ont.
Victoria, B.C..
Winnipeg, Man.
Brandon, Man..
Winnipeg, Man.
Toronto, Ont...
5
10
132
9
40
20
40
10
215
25
51
2
20
50
3
43
5
20
20
15
60
20
20
20
5
2
40
20
40
26
130
3
3
20
2
5
5
25
110
25
20
2
30
125
30
40
40
10
60
100
10
20
10
112
35
10
40
25
10
10
10
4
40
20
50
10
500 00
1,000 00
13,200 00
900 00
4,000 00
2,000 00
4,000 00
1,000 00
21,. 500 00
2,500 00
5, 100 00
200 00
2,000 00
5,000 00
300 00
4,300 00
.500 00
2,000 00
2,000 00
1 , 500 00
6,000 00
2,000 00
2,000 00
2,000 00
500 00
200 00
4,000 00
2,000 00
4,000 00
2,600 00
13,000 00
300 00
300 00
2,000 00
200 00
.500 00
500 00
2,. 500 00
11,000 00
2,. 500 00
2,000 00
200 00
3,000 00
12,. 500 00
3,000 00
4,000 00
4,000 00
1,000 00
6,000 00
10,000 00
1 , 000 00
2,000 00
1,000 00
11,200 00
3,. 500 00
1 , 000 00
4,000 00
2,. 500 00
1 , 000 00
1,000 00
1,000 00
400 00
4,000 00
2,000 00
5,000 00
1 , 000 00
$
cts.
.500 00
1 , 000 00
13,200 00
900 00
4,000 00
2,000 00
4,000 00
1,000 00
21,. 500 00
2,500 00
5,100 00
200 00
2,000 00
5,000 00
300 00
4,. 300 00
500 00
2,000 00
2,000 00
1,162 50
6,000 00
2,000 00
2,000 00
2,000 00
500 00
200 00
3,400 00
2,000 00
4.000 00
2,600 00
13,000 00
300 00
300 00
2,000 00
200 00
500 00
500 00
2,500 00
11,000 00
2,. 500 00
2,000 00
200 00
3,000 00
12,, 500 00
3,000 00
4,000 00
4,000 00
1,000 00
6,000 00
10,000 00
1 , 000 00
2,000 00
1 , 000 00
11,200 00
3,. 500 00
1,000 00
4,000 00
2,. 500 00
1 , 000 00
1 , 000 00
1,000 00
400 00
4,000 00
2,000 00
5,000 00
1,000 00
LIST OF SHAREHOLDERS
599
SESSIONAL PAPER No. 8
THE GREAT-WEST LIFE— Continued.
List op Shareholders — Continued.
Name.
Address.
No. of
shares.
Amount
subscribed.
Amount
paid in
cash.
Lyster, A. J. A
Langley , Chas
Little, Estate of J. W
Love, John
Lyster, C. N
Lyster, R. W
Lowndes, Mrs. Edna T
Milroy, T.M., M.D
Millar, T. B
Mundie, Mrs. Ann Knox
Mudge, Reginald
Mason, Estate of Miss Alice E
Marani, Mrs. S. B. (Trustees)
Mason, Miss Amy E. (Trustees)
Mason, D. H. C
Matheson, John Murray
Matheson, Miss Gertrude
Muttlebury, G. A
Muttlebury, C. R
Morse, Stanley C
Morse, Gerald M
Morse, Eric D
Morse, F. Garth
Mitchell, Estate of W. J
Monk, Mrs. Rosamond Phoebe
Marsh, Major G. H
Martin, Mrs. G. L
Marsh, Mrs. Martha L
Maxwell, Mrs. Maude
Martin, Henry Meredith (Frank Martin
in trust for)
Martin, Mrs. Kate E
Marsh, G. T
Mudge, Arthur L
Mudge, Miss Katherine E
Mudge, Miss Frances N
Marsland, Mrs. A. G
Morden, Mrs. Bessie W. B
Montreal Townlots, Ltd
Morgan, A. J. D
Marani, F. H
Marani, Geoffrey R
McLaren, Mrs. Wilhelmina
McKenzie, Kenneth
McDonald, Mrs. F. M
Macdonald, Elizabeth
McKim, J. M
McNaughton, Estate of R. D
McNee, A
McQuaker, W
Macdonald, A
Macdonald, Mrs. A
Macdonald, D. C
McLeod, Mrs. A
McElheran, Mrs. I. B
McDonald, D. H
McKinnon, Rev. C., D.D
MacMillan, Mrs. A. F
McMillan, Sir D. H
Mclntyre, W. A
Mclntyre, W. A. (In trust)
McQuaker, Mrs. M. M
Macpherson, Mrs. E
MacCharles, F. D
McNaughton, D. A
Macgregor, John
Kirkdale, Que
Schenectady, N.Y
London, Ont
England
Kirkdale, Que
Toronto, Ont
Moosejaw, Sask
Winnipeg, Man
Portage la Prairie, Man
Montreal, Que
Toronto, Ont.
Winnipeg, Man.
Toronto, Ont.
Winnipeg, Man.
Marpole, B.C..
Victoria, B.C..
Ireland.
Toronto, Ont..-
Montreal, Que.
Toronto, Ont...
Montreal, Que..
Winnipeg, Man.
Toronto, Ont...
Morden, Man
Winnipeg, Man
Fort Qu'Appelle, Sask.
Winnipeg, Man
Toronto, Ont ,
Winnipeg, Man
Windsor, Ont
Winnipeg, Man
Morden, Man
Winnipeg, Man
Fort Qu'Appelle, Sask.
Halifax, N.S
Toronto, Ont
Winnipeg, Man
Montreal, Que..
Winnipeg, Man.
10
10
20
30
50
13
5
50
20
16
9
25
67
66
64
1
1
105
80
2
2
2
2
25
5
50
5
10
25
10
9
400
7
7
7
44
5
40
6
20
20
100
20
64
50
80
40
80
20
60
3
30
224
8
20
25
40
20
4
20
5
5
5
$ cts.
1,000 00
1,000 00
2,000 00
3,000 00
5,000 00
1,300 00
500 00
5,000 00
2,000 00
1,600 00
900 00
2,500 00
6,700 00
6, 600 00
6,400 00
100 00
100 00
10,500 00
8,000 00
200 00
200 00
200 00
200 00
2,500 00
500 00
5,000 00
500 00
1,000 00
2,500 00
1,000 00
900 00
40,000 00
700 00
700 00
700 00
4,400 00
500 00
4,000 00
600 00
800 00
800 00
2.000 00
2,000 00
10,000 00
2,000 00
6,400 00
5,000 00
8,000 00
4,000 00
8,000 00
2,000 00
6,000 00
300 00
3,000 00
22,400 00
800 00
2,000 00
2,, 500 00
4,000 00
2,000 00
400 00
2,000 00
500 00
500 00
500 00
% cts.
1,000 00
1,000 00
2,000 00
3,000 00
5,000 00
1,300 00
500 00
5,000 00
2,000 00
1,600 00
900 00
2,500 00
6,700 00
6,600 00
6,400 00
100 00
100 00
10,500 00
8,000 00
200 00
200 00
200 00
200 00
2,500 00
500 00
5,000 00
500 00
1,000 00
2,500 00
1,000 00
900 00
40,000 00
700 00
700 00
700 00
4,400 00
500 00
4,000 00
600 00
800 00
800 00
2,000 00
2,000 00
10,000 00
2,000 00
6,400 00
5,000 00
8,000 00
4,000 00
8,000 00
2,000 00
6,000 00
300 00
3,000 00
22,400 00
800 00
2,000 00
2,500 00
4,000 00
2,000 00
400 00
2,000 00
500 00
500 00
500 00
600
DEPARTMENT OF IXSURAXCE
THE GREAT-WEST LIFB— Concluded.
List op Shareholders — Concluded.
11 GEORGE V, A. 1921
Name.
Address.
No. of
shares.
Amount
subscribed.
Amount
raid in
cash .
ilontreal, Que ,
Portage la Prairie, Man
Toronto, Ont
St. John's, Nfid
Halifax, N.S
Cobourg, Ont
Winnipeg, Man
Conway, Mass
\^ innipeg; Man
Dunham, Que
England
Neepawa, Man
Winnipeg, Man
Toronto, Ont
Winnipeg, Man.
Victoria, B.C..
Toronto, Ont...
Montreal, Que..
McKim, Rev. R. P St. John, N.B.
McKim, Rev. C. ^^ Edmonton, Alta.
McLaughlin, Mrs. Nora O. C
Nanton, Sir A. M Winnipeg, Man.
Northern Trusts Co
Nation, ^liss Helen M
O'Brien, Mrs. John
Osier, SirE. B
Paddon, J. A
Payzant, J. Y. (Estate of).
Peterson, Estate of A. M...
Patton, F. L
Patterson, A.J
Phillips, F
Plaisted, Mrs. Annie Baker
Pryce-Jones Estate
Poole, E. W
Petty, A. L
Richardson, R. D
Richardson, J. Freer
Riley, Major C. S
Ross, John
Rowand, Mrs. S. M
Richard, J. A
Reed, Hayter
Riley, Mrs. Jean
Robinson, Miss Marie L. C
Robinson, Miss Lorine M. .
Smyth, J. C
Stewart, Robert
Saj-ward. J. A
Smvth, Miss Grace E
Small, Mrs. L. E
Smyth, S. M
Stidston, Mrs. S. M
Spring-Rice, B. W
Scottish Northern Investment Co
W hyte, Estate of Sir Wm
Smith, Miss Frances Geraldine
Seiges, Mrs. Edith F. de
Spring-Rice, Mrs. Mary I
Scott, Mrs. Hattie M
Thornton, Mrs. Mary
Tufts, Prof. J. F
Thomson, W. H. (In trust)
Thomson, Mrs. Maude Archibald
Tarr, Estate of S. R
Unsworth, W. B
Unsworth, W. Preston C
Vandersmissen, Mrs. E. S. (Trustees
for)
Vernon, Estate of Hon. F. G
Weiss, Mrs. A. M
WiLson, W. A. and Miss L.A. and M.I. .
White, Estate of Lieut.-Col. Wm
Waddell, Mrs. Isabella..
Wilson, Mi.ss Margaret Kathleen
Wickson, Mrs. Jessie M
Worth, A
Wiggins, W.A. and Mrs. Marj- A.
jointly)
Watson, G. H., K.C
Waddell, Rolland McClelland
Wilkie Trust (Trustees of the)
Winnipeg, Man.
Toronto, Ont...
Ontario, Cal
Winnipeg, Man..
Victoria, B.C.. .
Ontario, Cal. . . .
Montreal, Que..
Strathroy, Ont.
Winnipeg, Man..
England
Toronto, Ont...
Winnipeg, Man.
England
Winnipeg, Man
Deloraine, Man
Wolfville, N.S...
Portage la Prairie, Man
Seattle, Wash
W innipeg, Man
Toronto, Ont
Victoria, B.C
Toronto, Ont....
Victoria, B.C.. .
Winnipeg, Man. .
Vancouver, B.C.
Ottawa, Ont
Winnipeg, Man..
Toronto, Ont.
Sarnia, Ont
Toronto, Ont
Peterborough, Ont.
Toronto, Ont
13
9
5
354
150
25
62
200
10
40
10
31
5
40
10
21
6
30
8
14
50
5
4
10
20
20
5
5
12
24
20
19
20
20
40
20
50
10
40
40
40
8
5
100
61
5
10
30
20
74
50
40
10
10
40
20
20
80
5
63
20
40
$ cts.
1,300 00
900 00
500 00
35,400 00
15,000 00
2,500 00
6, 200 00
20,000 00
1,000 00
4,000 00
1,000 00
3,100 00
500 00
4,000 00
1,000 00
2,100 00
600 00
3,000 00
800 00
1,400 00
5,000 00
500 00
400 00
1,000 00
2,000 00
2,000 00
500 00
500 00
1,200 00
2,400 00
2,000 00
1,900 00
2,000 00
2,000 00
4,000 00
2,000 00
5,000 00
1.000 00
4,000 00
4,000 00
4,000 00
800 00
500 00
10,000 00
6,100 00
500 00
1,000 00
3,000 00
2,000 00
7,400 00
5,000 00
4,000 00
1,000 00
1,000 00
4,000 00
2,000 00
2,000 00
8,000 00
500 00
6,300 00
2,000 00
4,000 00
10,000 |$1,000,000 00
i cts.
1,300 00
900 00
500 00
•35,400 00
15,000 00
2,500 00
G,200 00
20,000 00
1,000 GO
4,000 00
1,000 00
3,100 00
500 00
4,000 00
1,000 00
2,100 00
600 00
3,000 00
800 00
1,400 00
5,000 00
500 00
400 00
1,000 00
2,000 00
2,000 00
500 00
500 00
1,200 00
2,400 00
2,000 00
1,900 00
2,000 00
2,000 00
4,000 00
2,000 00
5,000 00
1,000 00
4,000 00
4,000 00
4,000 00
800 00
500 00
10,000 00
6, 100 00
500 00
1,000 00
3,000 00
2,000 00
7,400 00
5,000 00
4,000 00
1,000 00
925 00
4,000 00
2,000 00
2,000 00
8,000 00
500 00
6, 300 00
2,000 00
4,000 00
$ 998,087 50
LIST OF SHAREHOLDERS
601
SESSIONAL PAPER No. 8
THE IMPERIAL LIFE ASSURANCE COMPANY OF CANADA
List of Directors — (As at January 12, 1921).
Shareholders' Directors — Hon. Wm. Harty, Sir Herbert S. Holt, Sir A. E. Kemp, M.P., Sir John Aird,
Sir Wm. Mackenzie, E. T. Malone, K.G., S. J. Moore, W. G. Morrow, James Ryrie, J. F. Weston.
Policyholders,' Directors — T. Bradshaw, Dr. F. R. Eccles, H. H. Williams. Geo. A. Morrow, Warren Y.
Soper.
List of Shareholders — (As at December 31, 1920).
Name
Address
No. of
shares
Amount
subscribed
Amount
paid in
cash
Aird, J., Sir
Armour, E. D
Wheeler-Bennett, J. W
Bingay, Thos. Van. B
Baines, C. C
Bertram, Melville
Burns, H. D. (in trust)
Coombs, Mrs. Ethel M
Davison, Dr. John L. (estate)
Davies, Wm
Eccles, Mrs. Jessie D
Fleck, Andrew W
Gouinlock, Geo. W
Harty, Hon. Wm
Holt, Sir Herberts
Jamieson, Louisa M .*.
Kemp, Sir A. E
Kenny, J. J. (estate)
Kilgour, Miss Bessie G
Kilgour, Mrs. Mary B
Lockhart, Mrs. Mary
Langton, Mrs. Laura
Laird, Mrs. Marv
Malone, E. T
Morrow, W. G
Mackenzie, Sir Wm
Massey, Chester D
Moore, G. Cecil
Moore, Samuel J
Morphet, H. W
Mowat, Edith
Mackeen, Hon. D. (estate)
Morrow, Mrs. Phoebe C
Parker, John G
Porter, John
Ryrie, James
Rathbone, A. S
Sylvester, Dr. Geo. P
Smith, Geo. B
Torrance, W. B
Toronto Savings & Loan Co . .
Wood, Lewis P
Wood, S. Casey,
Weston, James F
Toronto, Ont
London, Eng
Yarmouth, N.S ,
Toronto, Ont
London, Ont
Ottawa, Ont
Toronto, Ont
Kingston, Ont
Montreal, Que
St. Paul's, Minn., U.S.A
Toronto, Ont
Beauharnois, Que
Newcastle, Ont
Toronto, Ont
Peterboro, Ont
Toronto, Ont
Peterboro, Ont
Toronto, Ont
Halifax, N.S
Toronto, Ont
Ottawa, Ont
Toronto, Ont
Montreal, Que
Peterboro, Ont
Fernie, B.C
Toronto, Ont
25
15
75
2
2
322
100
5
75
60
80
30
10
50
100
100
500
50
$ cts.
2,500 00
1,500 00
7,500 00
200 00
200 00
32,200 00
10,000 00
500 00
7,500 00
6,000 00
8,000 00
3,000 00
1,000 00
5,000 00
10,000 00
10.000 00
50,000 00
5,000 00
600 00
1,300 00
500 00
1,000 00
5,000 00
5,000 00
35,000 00
5,500 00
5,000 00
20,000 00
5,000 00
900 00
1,000 00
5,000 00
5,000 00
1,600 00
500 00
5,000 00
15,000 00
5,000 00
5,000 00
2,000 00
700,000 00
400 00
1,600 00
8,000 00
$ cts.
1,125 00
075 00
3,375 00
90 00
90 00
14,490 00
4,500 00
225 00
3,375 00
2,700 00
3,600 00
1,350 00
450 00
2,2.50 00
4,500 00
4,500 00
22,500 00
2,250 00
270 00
585 00
225 00
450 00
2,250 00
2,250 00
15,750 00
2,475 00
2,250 00
9,000 00
2,250 00
405 00
450 00
2,2.50 00
2,2.50 00
720 00
225 00
2,250 00
6,750 00
2,250 00
2,250 00
900 00
315,000 00
180 00
720 00
3,600 00
10,000
$1,000,000 00
$ 450,000 00
602
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
THE LONDON LIFE INSURANCE COMPANY
List of Directors — (As at February 14, 1921).
Shareholders' Directors — Albert O. Jefferj', K.C., W. M. Spencer, Jno. G. Richter, J. E. Jeffery, A. M.
Smart and H. S. Blackburn.
Policyholders' Directors — T. W. Baker, Geo. M. Reid and \Vm. Gorman.
List or Shareholders — (As at December 31, 1920).
Name
Address
No. of
shares
Amount
subscribed
Amount
paid in
cash
Bullen Estate
Blackburn, H. S
Chapman, David L
Durand Estate
Elliott Estate
Gibbons Estate
Gardiner, Mrs. Mary I., in trust
Jeffery, A. O •
JefTery, A. C, in trust
Jeffery, C. L
Jeffery, J. E
Mills Estate
McBroom, Mrs. Jane D
McClary, John
Reid, Edward E
Reid, Mrs. Ethel E
Richter, J. G
Smallman, Estate
Smart, A. M
Spencer, W. M
Weldon, Mrs. Annie E
London, Ont.
Toronto, Ont.
London, Ont..
155
25
5
22
60
122
11
750
219
2
600
20
6
45
153
12
185
47
25
25
11
S cts.
15,500 00
2,500 00
500 00
2,200 00
6,000 00
12,200 00
1,100 00
75,000 00
21,900 00
200 00
60,000 00
2,000 00
600 00
4,500 00
15,300 00
1,200 00
18,500 00
4,700 00
2,500 00
2,500 00
1,100 00
$ cts.
4,650 00
750 00
150 00
660 00
1 , 800 00
3,660 00
330 00
22,500 00
6,570 00
60 00
18,000 00
600 00
180 00
1,350 00
4,590 00
360 00
5,. 550 00
1,410 00
750 00
750 00
330 00
2,500
$ 250,000 00
$ 75,000 00
LIST OF SHAREHOLDERS
603
SESSIONAL PAPER No. 8
THE MANUFACTURERS LIFE INSURANCE COMPANY
List op Directors — (As at February 3, 1921).
Shareholders' Directors — W. G. Gooderham, M. R. Gooderham, E. R. C. Clarkson, Wm. Stone, J. B.
McKechnie, C. C. Dalton.
Policyholders' Directors — Lt.-Col. A. J. Wilkes, K.C., F. Gordon Osier, Douglas G. Ross.
List of Shareholders — (As at December 31, 1920).
Name
No. of
shares
Amount
subscribed
Amount
paid in
cash
Annis, Dr. Levi C
Archer, executors of estate of Robert
Ardern, Mrs. Marion Jean
Ardern, William
Bain, William A
Ball, estate of Wm
Barnhill, Alex. P., K.C
Beatty, Mrs. Lillian M
Beatty, estate of S. G
Blackstock, Mrs. Harriett V
Boswell, Mrs. Ella
Bourgeau, estate of A
Brodie, Mrs. Joan
Campbell, Robert
Clarkson, E. R. C
Cook, Thomas B
Coulthard, Miss Sarah
Crean, estate of R
Dailey, Mrs. Mary E
Dalton, C. C
Dominicans or Friars, Preachers of
Ottawa
Favre-Brandt & Co., C. & J
Gooderham, estate of Geo., in trust..
Gooderham, George H
Gooderham, M. Ross
Gooderham, William G., in trust
Gooderham, William G
Gravel, J. O
Gough, Richard P
Horsey, H. Herbert
Junkin, J. F
Junkin, Mrs. Mary A
Junkin, Miss Roselle
LaRue, Mrs. Josephine R
Lennox, E.J
Lithgow, J. H
McCann, George E
McKechnie, J. B
McMahon, Dr. T. F
Matthews, W. E
Molson, estate of Dr. W. A
Moore, F. D
Moore, Mrs. Flora
Munro, Miss Effie
Nattress, Mrs. Julia
Nicholls, Miss M. A
O'Hara, estate of Robert
Osier, Mrs. Margaret R
Patterson, Herbert K
Pelletier, Hon. Louis P
Reid, Fred G
Ritchie, Mrs. Amy V
Robinson, A. W
Cedar Springs, Mich.
Montreal, P.Q
Calgary, Alta
Ross, Douglas G
Sirois, Joseph
Somerville, Mrs. Mary Amelia.
Stevens, Mrs. Ada J
Stone, \Villiam
Toronto, Ont. . .
Chatham, Ont.
St. John, N.B..
Toronto, Ont. . .
Montreal, P.Q. . . .
Toronto, Ont
Detroit, Mich
Toronto, Ont
Harrisville, Mich.
Peterboro, Ont
Toronto, Ont
Council Bluffs, la.
Toronto, Ont
Ottawa, Ont
Yokohama, Japan.
Toronto, Ont
Montreal, P.Q
Toronto, Ont
Ottawa, Ont
London, England.
Toronto, Ont
St. Louis, Mo
Quebec, P.Q
Toronto, Ont
Ottawa, Ont
Montreal, P.Q
Lindsay, Ont
Hamilton, Ont
Peterboro, Ont
Toronto, Ont
Peterboro, Ont
Ottawa, Ont
Toronto, Ont
Winnipeg, Man
Quebec, P.Q
Montreal, P.Q
Toronto, Ont
Mt. Pleasant, Upper M\el
bourne, Que
Toronto, Ont
Quebec, Que
Toronto, Ont
Chatham, Ont
Toronto, Ont
50
50
25
100
35
16
50
100
900
100
3
80
32
25
50
25
25
100
1
200
5
50
26
100
111
7,400
542
80
50
50
6
50
3
50
161
105
5
955
50
10
50
4
98
16
150
16
106
100
65
50
2
98
25
500
50
795
16
50
$ cts
5,000 00
5,000 00
2,500 00
10,000 00
3,500 00
1,600 00
5,000 00
10,000 00
90,000 00
10,000 00
300 00
8,000 00
3,200 00
2,500 00
5,000 00
2,500 00
2,500 00
10,000 00
100 00
20,000 00
500 00
5,000 00
2,600 00
10,000 00
11,100 00
740,000 00
54,200 00
8,000 00
5,000 00
5,000 00
600 00
5,000 00
300 00
5,000 00
16,100 00
10,500 00
500 00
95,500 00
5,000 00
1,000 00
5,000 00
400 00
9,800 00
1 , 600 00
15,000 00
1,600 00
10,600 00
10,000 00
6,500 00
5,000 00
200 00
9,800 00
2,500 00
50,000 00
5,000 00
79,500 00
1,600 00
5,000 00
$ cts.
1,000 00
1,000 00
500 00
2,000 00
700 00
320 00
1,000 00
2,000 00
18,000 00
2,000 00
60 00
1,600 00
640 00
500 00
1,000 00
500 00
500 00
2,000 00
20 00
4,000 00
100 00
1.000 00
.520 00
2,000 00
2,220 00
148,000 00
10,840 00
1,600 00
1,000 00
1,000 00
120 00
1,000 00
60 00
1,000 00
3,220 00
2,100 00
100 00
19,100 00
1,000 00
200 00
1,000 00
80 00
1,960 00
320 00
3,000 00
320 00
2,120 00
2,000 00
1,300 00
1,000 00
40 00
1,960 00
500 00
10,000 00
1,000 00
15,900 00
320 00
1,000 00
604
DEPARTMEXT OF lySiURANCE
11 GEOFJGE V, A. 1921
THE MANUFACTURERS LI¥E— Concluded.
List or Shareholders — Concluded.
Name.
Address.
No. of
sliares.
Amount
subscribed.
Amount
paid in
cash.
Stratton, A. H
Sutton, T. E. P
Telfer, Henry C
Toronto General Trusts Corporation, in
trust for J. T. I. Halliday estate. . ,
Toronto General Trusts Corporation,
trustee for Bruce W. Young, et al. . .
Trees, Jas. D. and 8aml. L. Trees, trus-
tees
Tupper, Sir Charles Hibbert
Vale, P. A. and W. A. Allingham, in
trust
Vale, P. A. and W . M. George, in trust. .
Walker, Herbert
Walsh, Mrs. Ellen
Wilkes, Mrs. Esther F
Wishart, Dr. John
Wright, Mrs. Annie B
Young, Mrs. Florence H
Young, executors of estate of Hon.
James
Young, Mrs. Margaret
Peterboro, Ont. .
Toronto, Ont
Westmount, P.Q
Toronto, Ont
Vancouver, B.C.
Toronto, Ont
Winnipeg, Man. .
Peterboro, Ont. .
Brantford, Ont. .
London, Ont. . . .
Toronto, Ont
Gait, Ont
37
100
100
50
286
11
.32
15
25
10
10
200
25
25
7
50
50
S cts.
3,700 00
10,000 00
10,000 00
5,000 00
28,600 00
1,100 00
3,200 00
1,500 00
2,500 00
1,000 00
1,000 00
20,000 00
2,500 00
2,500 00
700 00
5,000 00
5,000 00
cts.
740 00
2,000 00
2,000 00
1,000 00
5,720 00
220 00
640 00
300 00
500 00
200 00
200 00
4,000 00
500 00
500 00
140 00
1,000 00
1,000 00
15,000
$1,500,000 00
$ 300,000 00
LIST OF SHAREHOLDERS
605
SES-SIONAL PAPER No. 8
THE MONARCH LIFE ASSURANCE COMPANY
List of Directors — (As at Feb. 25, 1921).
Shareholders' Directors — W. A. Matheson, F. W. Adams, Wm. P. Riley, J. W. W. Stewart, H. A. Mullins,
W'm. L. Parrish
Policyholders' Directors — C. E. Gordon, H. W. Echlin, R. G. Ironside
List of Shareholders — (As at Dec. 31, 1920).
Name
Adams, E., trustee
Adams, Frank W
Aldrich, CM
Alloway, A. H. F
Alloway, C. V
Alloway, F. M
Alloway, W.F
Anderson, Edw., K.C
Anderson, Jas
Anderson, J. J. (deceased).
Anderson, Robt. M
Andrews, A. T
Andrews, Herbert B
Appleton, M. B
Armour, Hugh
Armour, Robt. (deceased).
Armstrong, Hugh
Armstrong, J. W., M.D
Arthur, E. C
Arthur, G. H
Atkinson, S. T
Audet, A
AuU, E., M.D.
Address
Lethbridge
Winnipeg
Nebraska City, Neb.
Winnipeg
Kaslo
Brandon
Carnegie, Man.
Winnipeg
Yorkton.
Regina. .,
Portage la Prairie .
Gladstone, Man...
Nelson
Port Arthur
Saskatoon, Sask. .
Vancouver, B.C.. .
Calgary
Baker, E. A 'Winnipeg.
Baldwin, W.C
Ballachey , A. A
Barber, M. M
Bawlf, ^\m. R
Bayne, D. C
Beath, T., M.D
Beaudro, J. O
Beck, N. D. (Judge)
Bell, L. B
Bennett, R. B., K.C
Bernier, Jos., M.P.P
Berthiaume, Arthur
Bingham, G. S., M.D
Binns, N
Bird, Harry
Bird, R. M
Bishop, W., (trustee)
Black, F. M
Black, H. C. C
Blackwell, Kenneth Wm. (Deceased).
Boles, Jas. P. (estate)
Bolton, Wm. J
Bonin, Euclid
Boulet, R., M.D
Bowes, Albert S
Bowman, C. B
Braden, A. W
Braden, Alice M
Braden, Michael H
Bredin, W. F., M.D
Brett, R. G., M.D.
Bronfman, Abe
Brown, Chas. R
Brown, Daniel
Rainy River. . .
High River
Fernie, B.C.. . .
Winnipeg, Man.
Calgary
Winnipeg, Man.
Kenora
Edmonton
Regina
Calgary
Winnipeg
Montreal
Hamilton
Trail
Nelson
Fort Frances
Winnipeg
Prince Rupert
Montreal
Ingersoll, Ont
Rainy River, Ont.
Port Arthur
Montreal
Kenton, Man
Lethbridge
Rossland, B.C.. . .
Fort William..
Lesser Slave
Athabasca . . .
Edmonton
Port Arthur. . .
Gopher Head . .
Regina, Sask..
Lake,
No. of
shares
10
50
10
0
15
10
10
10
7
50
5
10
10
10
20
10
50
10
3
30
5
20
10
100
10
10
10
50
20
10
10
5
5
50
10
100
10
10
5
5
10
20
10
10
50
10
20
15
25
5
5
5
1.50
10
10
20
10
5
Amount
subscribed
S cts.
1,000 00
5,000 00
1,000 00
500 00
1,500 00
1,000 00
1,000 00
1,000 00
700 00
5,000 00
500 00
1,000 00
1,000 00
1,000 00
2,000 00
1,000 00
5,000 00
1,000 00
300 00
3,000 00
500 00
2,000 00
1,000 00
10,000 00
1,000 00
1,000 00
1,000 00
5,000 00
2,000 00
1,00,0 00
1,000 00
500 00
500 00
5,000 00
1,000 00
10,000 00
1,000 00
1,000 00
500 00
500 00
1,000 00
2,000 00
1,000 00
1,000 00
5,000 00
1,000 00
2,000 00
1,500 00
2,500 00
500 00
500 00
.500 00
15,000 00
1,000 00
1,000 00
2.000 00
1,000 00
500 00
Amount
paid in
cash
$ cts.
100 00
500 00
100 00
50 00
150 00
100 00
100 00
100 00
70 00
428 38
50 00
100 00
100 00
100 00
200 00
100 00
.500 00
100 00
30 00
300 00
50 00
200 00
100 00
1,000 00
100 00
100 00
100 00
500 00
200 00
100 00
100 00
50 00
50 00
500 00
100 00
1,000 00
100 00
100 00
50 00
50 00
100 00
200 00
100 00
100 00
500 00
100 00
200 00
1.50 00
250 00
50 00
50 00
50 00
1 , 500 00
100 00
100 00
200 00
100 00
50 00
606
DEPARTMENT OF INSURANCE
THE MONARCH LIFE— Continued
List of Shareholders — Continued
11 GEORGE V, A. 1921
Name
Address
No. of
shares
Amount
subscribed
Amount
paid in
cash
Brown, G. W
Brown, G. A., M.D
Brown, G. W., M.D
Brown, Nathaniel B
Brown, Thomas
Brunet, A. (deceased)
Brydon, \Vm
Brymner, G. D
Buchanan, J
Bulyea, Hon. G. H. V
Burticn, Frederick P
Burdett, W. W
Burlev, E. W
Burns, P
Busk, Chas. W
Buttar, W. y
Bvrne.s, H
Cadham, J. O
Caldwell, Thos. W
Campbell, Hon. Colin H., exrs. estate
Campbell, G. F
Campbell, J. F
Campbell, \Vm. M
Canniff, Annie E. N
Canniff, B. M
Carlin, Jos. D
Carlin, W. G
Carpenter, A. A. (Judge)
Carruthers, Andrew (deceased)
Carruthers, W. W
Carscallen, A. D., M.D
Chalmers, John
Chalmers, J. M
Charlton, G. A., M.D
Charlton, W. J., M.D
Cherry, T.J
Chirnside, W
Christie, Louis
Clarke, Mrs. Emily
Clarke, L. R
Clarke, Wm. H
Coates, W., in trust
Collins, A. H
Collins, Isabella J
Colpman, Frank, in trust
Colpman, Frank, in trust
Colpman, Mary Christina
Colvin, Mrs. Annie E
Connell, J. v., M.D
Connolly, E. W., M.D
Conybeare, C. F. P
Cook, John W., M.D
Cooper, Warren,
Coulthard, W. L., M.D
Courian, P
Cousins, Grace W
Coy, W. H
Crease, Marion Louise
Cross, A. E
Cross, Jas. A
C'unningham, J. H
Davidson, J. H. (Deceased)
Dawson, A
Dawson, Edwin
Dawson, H. J
Day, John Frederick
Fort William
Winnipeg
Port Arthur, Ont
Toronto
Victoria, B.C
Montreal
Winnipeg
New Westminster, B.C.
Trail, B. C
Edmonton, Alta
Nelson, B.C
Winnipeg, Man
Edmonton
Calgary
Nelson, B.C....
Vancouver, B.C
Winnipeg
Portage la Prairie
Yorkton, Sask
Winnipeg, Man
Toronto, Ont
Winnipeg
Macleod
Portage la Prairie
Victoria, B.C....
Fort Steele, B.C.
Macleod, Alta —
Winnipeg, Man.. .
Montreal, Que. ...
Pilot Mound, Man.
Regina, Sask
Weston, Ont
Keewatin, Ont
Victoria, B.C
Fort Frances, Ont.
Fairbank, Ont. . . .
Guelph, Ont
Fairbank, Ont. . . .
Winnipeg
Gladstone, Man —
Victoria, B.C.
Picton, Ont
Regina
Cranbrook, B.C
Lethbridge
Fort William, Ont...
Nanton, Alta
Vancouver, B.C
Toronto, Ont
Medicine Hat, Alta.
Vancouver
Nelson, B.C
Calgary, Alta
Regina, Sask
Neepawa, Man
Fort William
Port Arthur
Edmonton
Medicine Hat, Alta.
30
5
30
100
100
50
10
10
7
10
5
111
10
50
10
10
10
20
10
50
5
100
10
5
5
10
10
25
50
5
10
20
50
60
1
10
10
10
10
10
5
10
5
5
5
5
20
5
5
10
20
70
5
5
1
15
10
10
5
5
5
5
10
10
50
20
$ cts,
3,000 00
500 00
3,000 00
10,000 00
10,000 00
5,000 00
1,000 00
1,000 00
700 00
1,000 00
500 00
11,100 00
1,000 00
5,000 00
1,000 00
1,000 00
1,000 00
2,000 00
1,000 00
5,000 00
500 00
10,000 00
1,000 00
500 00
500 00
1,000 00
1,000 00
2,500 00
5,000 00
500 00
1 , 000 00
2,000 00
5,000 00
6,000 00
100 00
1,000 00
1.000 00
1,000 00
1,000 00
1,000 00
500 00
, 000 00
500 00
500 00
500 00
500 00
2,000 00
500 00
500 00
1,000 00
2,000 00
7,000 00
500 00
500 00
100 00
1 , 500 00
1 , 000 00
1 , 000 00
500 00
500 00
500 00
500 00
1,000 00
1,000 00
5,000 00
2,000 00
1,
$ cts.
300 00
50 00
300 00
1,000 00
1,000 00
500 00
100 00
100 00
70 00
100 00
50 00
1,110 00
100 00
500 00
100 00
100 00
100 00
200 00
100 00
500 00
50 00
1,000 00
100 00
50 00
50 00
100 00
100 00
250 00
500 00
50 00
100 00
200 00
500 00
600 00
10 00
loo 00
100 00
100 00
100 00
100 00
50 00
50 00
50 00
50 00
50 00
50 00
200 00
50 00
50 00
100 00
200 00
700 00
.50 00
50 00
10 00
1.50 00
100 00
100 00
50 00
50 00
50 00
50 00
100 00
100 00
500 00
200 00
LIST OF SHAREHOLDERS
607
SESSIONAL PAPER No. 8
THE MONARCH LIFE— Continued.
List of Shareholdkrs — Continued,
Name.
Address.
No. of
shares.
Amount
subscribed.
Amount
paid in
cash.
Dixon, John and Isaac
Dobbie, Jas. H
Dobson, John. (Deceased) . . . .
Doupe, Jacob L
Doyle, J. M
Drewry , G
Drewry, W. S
Drinkle, J
Drinnan, J. K
Driscoll, A
Dubuc, Lucian
Dudley, I. W
Duke, J. R
Duncan, Geo. H
Duncan, W. H
Earl, Richard W
Earngey, J. P
Echlin, Annie Scott
Embury, J. F. L
Emerson, W. J
Emmerson, G. W
Enderton, C. H. (Deceased)..
Fairfield, W. H
Fares, W. H
Farrell, Samuel J., M.D
Fear, G. M
Fear, W. H
Ferguson, G
Ferguson, Isabel Graham
Ferguson, \Vm
Ferrier, R. W
Field, Dr. C. C
Finlay, Wm. Thos
Ford, A. B., M.D
Forde, J. P
Fordyce, G
Forget, Hon. A. E
Forrester, C. H
Fowler, S. S
Fuller, G. D
Fuller, Jas. G
Gaetz, H. H
Galbraith, R. L. T
Galbraith, W. S., M.D
Galibert, P
Galloway, R
Galloway, W
Gammell, B
Garland, J. J
Garneau, Hon. E. B. (estate).
Gibson, J. B
Gilhuily, R. H
Gillespie, A. T., M.D
Good, Mary
Gordon, Andrew
Gordon, Mrs. A. M. G
Gordon, Rev. C. W., D.D.. . .
Gordon, H. A., M.D
Gordon, James Cook
Gordon, Ironsides & Fares.. . .
Gosnell, \V
Graham, E
Graham, G. A
Graham, J. T
Grain, O. I., M.D
Grant, Robert A. (Deceased)
Gray, Walter
Maple Creek, Alta.
Kitchener, Ont
Winnipeg, Man
Calgary, Alta
Kenora
Nelson, B.C
Saskatoon, Sask. . .
Medicine Hat, Alta
Edmonton, Alta. . .
Seattle, Wash
Findlater, Sask.. . .
Edmonton, Alta. . .
Regina, Sask
Brandon
Kenora
Winnipeg
Regina
Toronto, Ont
High River, Alta. . .
Winnipeg
Lethbridge, Alta. . .
Winnipeg
Holden, Alta
Banff
Nelson
Brandon
Vancouver
Winnipeg
Medicine Hat
Oshawa, Ont
Nelson, B.C
Calgary, Alta
Banff
Chicago, 111
Riondel, B.C
Chicago, 111
Granby, Que
Strathcona, Alta.. .
Fort Steel, B.C....
Lethbridge, Alta...
Montreal
Gladstone
Victoria
Portage la Prairie. .
Quebec
York ton, Sask
Selkirk
Fort William, Ont..
Port Arthur
Medicine Hat
Winnipeg
Portage la Prairie..
Winnipeg
Nelson
Oil Springs, Ont. . .
Fort William
Calgary
Winnipeg
Prince Rupert, B.C
Vancouver
10
2
50
10
5
60
5
10
5
20
3
10
5
10
5
5
10
20
10
10
100
10
10
40
10
50
50
5
10
10
10
20
10
5
5
10
10
10
10
5
5
10
10
10
50
25
25
20
10
50
50
5
10
15
20
25
150
10
15
20
5
10
20
10
5
25
5
$ cts.
1,000 00
200 00
5,000 00
1,000 00
500 00
6,000 00
500 00
1 , 000 00
500 00
2,000 00
.300 00
1 , 000 00
500 00
1,000 00
500 00
500 00
1,000 00
2,000 00
1,000 00
1 , 000 00
10,000 00
1,000 00
1,000 00
4,000 00
1,000 00
5,000 00
5,000 00
500 00
1,000 00
1,000 00
1,000 00
2,000 00
1,000 00
500 00
500 00
1 , 000 00
1 , 000 00
1 , 000 00
1 , 000 00
500 00
500 00
1,000 00
1,000 00
1,000 00
5,000 00
2,500 00
2,500 00
2,000 00
1,000 00
5,000 00
5,000 00
500 00
1,000 00
1,500 00
2,000 00
2,500 00
15,000 00
1,000 00
1 , 500 00
2,000 00
500 00
1,000 00
2,000 00
1,000 00
500 00
2,500 00
500 00
$ cts.
100 00
20 00
500 00
100 00
50 00
600 00
50 00
100 00
50 00
200 00
.30 00
100 00
50 00
100 00
50 00
50 00
100 00
200 00
100 00
100 00
1,000 00
100 00
100 00
400 00
100 00
500 00
500 00
50 00
100 00
100 00
100 00
200 00
100 00
50 00
50 00
100 00
100 00
100 00
100 00
50 00
50 00
100 00
100 00
100 00
.500 00
250 00
250 00
200 00
100 00
500 00
500 00
50 00
100 00
150 00
200 00
250 00
1 , 500 00
100 00
150 00
200 00
50 00
100 00
200 00
100 00
50 Oq
250 0
50 0
608
DEPARTMENT OF INSURANCE
THE MONARCH LIFE— Continued.
List of Shareholders — Continued.
11 GEORGE V, A. 1921
Name.
Green, A. H
Green, Ethel
Greer, C. H
Greer, J. T
Greer, S. \Y
Gregory, C. Y. (Deceased)...
GriflBs, Louise
Gurd, W. F
Hall, W. S
Halstead, John
Hamilton, G
Hamilton, W. J
Hanccck, H. S., jr
Hansen, J. S
Hanwell, H. E....
Harcoiirt, Hon. G
Hargnift, A. R. (Deceased) ..
Hargrave, James
Hustings, G. V
Haultain, F. W. G
Hauto, \V
Hayes, I. M
Henderson, F. G. A
Henderson, H. E
Henderson, ^N ., in trust
Henderson, IMargaiet
Henderson, \\m., in trust
Henderson, Wm., in trust
Henderson, Wm., in trust
Henderson, Wra., in trust
Henderson, ^Ym., in trust
Hetherington, R. B
Heweston, S. W., M.D
Higginbotham, J. D
Higgins, C. P., M.D
Higgin.s, W.F
Home, E. S
Howard, J
Howden, Hon. J. H
Honey, Eva
Howland, G. W., M.D
Hunt, T. A., K.C
Hutchi.^on, Alex. C
Hutchison, J. N., MD
Ironside, Mrs. Sarah S
Irving, F. J., M. D
Irving, R. C"
Irwin, M. F. R
Jackson, T. C
Jackson, W.J
Jamieson, Frederick C
Johnston, W
Kain, J. A
Kellock, David, Adm
Kelly, G. H
Kennedy, T. A
Kenny, J
Kenny, Frederick
Kenning, A. W., M.D
Ker, Robt. H., M.D
Kidd, A. (estate)
King, J. E., M.D. (Deceased).
Kirkpatrick, R. A
Kurtz, D. G
Lamont , P
Lane, E. H
Lane, G
Address.
Nelson.
Port Arthur..
Winnipeg
Port Arthur
Winnipeg
St. Catherines, Ont.
Vancouver, B.C
Cranbrook
Calgarj'
Neepawa
Cranbrook, B.C
Fort William, Ont...
Elginburg, Ont
Port Hammond
Edmonton, Alta . . . .
Winnipeg
Medicine Hat
\^'inn)peg
Regina
Fort William
Victoria, B.C
Brandon
Lethbridge .
Winnipeg
Calgary, Alta —
Lethbridge . .
Vancouver, B.C.
Victoria, B.C.. . .
Bull River, B.C.
London, Eng
Neepawa
\Mnnipeg
Toronto, Ont
Winnipeg
Montreal
Winnipeg
Yorkton, Sask.
Winnipeg
Ottawa
Kenora
Edmonton.
Hanna
Regina
Weyburn...
Winnipeg...
Victoria . . .
Calgary....
Victoria
Vancouver, B.C..
Brandon
Toronto
Los Angeles, Cal.
Nelson
Vancouver, B.C..
No. of
shares.
Calgarj',
Amount
subscribed.
$ cts,
5
500 00
5
500 00
10
1,000 00
10
1,000 00
10
1,000 00
50
5,000 00
5
500 00
5
500 00
5
500 00
5
500 00
10
1,000 00
15
1,.500 00
10
1,000 00
20
2,000 00
20
2,000 00
10
1,000 00
10
1,000 00
00
10,000 00
25
^,.500 00
5
500 00
10
1,000 00
20
2,000 00
10
1,000 00
10
1,000 00
10
1,000 00
40
4,000 00
10
1,000 00
10
1,000 00
10
1,000 00
10
1,000 00
10
1.000 00
10
1,000 00
10
1,000 00
5
500 00
5
500 00
5
500 00
15
1,500 00
10
1,000 00
10
1,000 00
5
500 00
25
2,500 00
30
3,000 00
85
8,500 00
25
2,500 00
25
2,. 500 00
10
1,000 00
2
200 00
5
500 00
5
500 00
20
2,000 00
10
1,000 00
20
2,000 00
5
500 00
5
500 00
20
2,000 00
5
500 00
10
1,000 00
20
2,000 00
10
1,000 00
30
3,000 00
10
1,000 00
•1
100 00
10
1,000 00
5
500 00
10
1,000 00
5
500 00
50
5,000 00
LIST OF SHAREHOLDERS
609
SESSIONAL PAPER No. 8
THE MONARCH lulFE— Continued.
List of Shareholders — Continued.
Name.
Address.
No. of
shares.
Amount
subscribed.
Amount
paid in
cash.
M.D.
LaRue, S
Lazier, D. B.
Lazier, S. D
Lazier, S. S
Leask, T. M., M.D
Leitch, Arch
Lennie, R. S
Liddle, A. T
Lightall, G. R
Link, Adam
Linklater, Mrs. Jemima
Lucy, Julia A
Lucy, W.J
Lyall, Mary Louise ,
Lyster, C. N
Macbeth, H
Macdonald, D. A., Judge
Macdonald, D. A
Macdonald, Grace
Macdonald, R. M
Macdonald, W. A
MacDonnell, A. J
MacGillivray, J. F
Machray, J. A
MacKay, Hugh, M.D
Mackay, Neil F
Macleod, M. J
MacNeil, Rev. J
McArthur, D. A
McBride, Jas. A
McClive, W. W
McClive, Mrs. P
McClory, Mrs. H.J
McColl, Margaret F
McCulloch, Hugh W
McCuUough, Dr. C.C
McDermid, Edward B
McDermid, Etta B
McDermot, Alex. L
McDougall, D
McDougall, David H
McEdward, G
McFadden, Jno. J
McGarry, T. W
McGill, H. W.,M.D
McGillis, Archibald
McGillis, D.J
McGuire, Hattie
McKay, D. E
McKellar, Donald (deceased).
McKellar, Peter
McLaren, Mrs. Susan
McLaurin, John
McLennon, John K., M.D
McLennon, Eleonar D
McLennan, Kenneth S
McNally, Alfred, M.D
McNaughton, Alex
McRae, John
McRae, Lillian R
Mackenzie, Annabel Muriel
Madden, Mrs. Margaret
Mader, Anthony I., M.D
Edmonton
South St. George.
Belleville
Moose Jaw
Jaffray, B.C
Vancouver
Winnipeg
Montreal, Que
Mirror Lake, B.C
Dominion City, Man.
Rainy River, Ont. . . .
Montreal, Que.
Melbourne
Lethbridge. . . .
Winnipeg
Regina
Vancouver
Revelstoke.
Kenora
Winnipeg —
Victoria
Edmonton
Toronto
Winnipeg
Weyburn
Niagara Falls South.
Toronto
Edmonton.. . .
Souris
Fort William.
Vancouver. . . .
Cranbrook
Calgary ,
Morley
Fort William, Ont.
Neepawa
Toronto, Ont
Calgary
Port Arthur, Ont...
Buffalo
Winnipeg
Fort William.
Edmonton.
Lethbridge. . .
Fort William.
Belleville, Ont.
Winnipeg
Nelson
Halifax, N.S...
cts,
cts.
10
1,000 00
100 00
10
1,000 00
100 00
105
10,500 00
1,050 00
50
5,000 00
500 00
10
1,000 00
100 00
20
2,000 00
200 00
10
1,000 00
100 00
10
1,000 00
100 00
10
1,000 00
100 00
10
1,000 00
100 00
10
1,000 00
100 00
5
500 00
50 00
5
500 00
.50 00
50
5,000 00
500 00
15
1,500 00
150 00
10
1,000 00
100 00
0
500 00
50 00
10
1,000 00
100 00
5
500 00
50 00
5
500 00
50 00
10
1 , 000 00
100 00
5
500 00
50 00
0
500 00
50 00
50
5,000 00
500 00
5
500 00
50 00
10
1,000 00
100 00
10
1,000 00
100 00
50
5,000 00
500 00
25
2,500 00
250 00
5
500 00
50 00
8
800 00
80 00
8
800 00
80 00
5
500 00
50 00
10
1,000 00
100 00
10
1,000 00
100 00
5
500 00
50 00
5
500 00
50 00
5
500 00
50 00
10
1,000 00
100 00
10
1,000 00
100 00
10
1,000 00
100 00
10
1,000 00
100 00
5
500 00
50 00
100
10,000 00
1,000 00
25
2,500 00
250 00
10
1,000 00
100 00
10
1,000 00
100 00
20
2,000 00
200 00
10
1,000 00
100 00
10
1,000 00
100 00
10
1,000 00
100 00
5
500 00
50 00
10
1,000 00
100 00
100
10,000 00
1,000 00
10
1,000 00
100 00
5
500 00
50 00
10
1,000 00
100 00
10
1,000 00
100 00
10
1,000 00
100 00
10
1,000 00
100 00
50
5,000 00
500 00
5
500 00
50 00
3
300 00
30 00
8—39*
•6T0
DEPARTMEyr OP INSURANCE
11 GEORGE V, A. 1921
THE MONARCH hlTE-Continued.
List of Shareholders— Conhnued.
Name.
Address.
Montreal.
Winnipeg.
Prince Albert
Medicine Hat, Alta.
Winnipeg
Brandon, Man
Winnipeg
Rainy River
Main, D. T......
Main, Eleanor N
Manning, R. A
Manning, R. F.. . - •■
Marland, Sydney K
Marshall, W'. B
Matheson, Mrs. Jessie
Matheson, R. M
Matheson, W. A
Mathieu, A. J
Mathieu, J. A • •
Mathieu, Margaret O
Mathieu, R. V....
Mathieu, Thos. S Bristol, Eng
Medland, W — - • • -^ ■;,■•> Regina, Sask
Meek, E. E., M^D. (Deceased) SviHe, Ont. . . . ^ .
Mendell, Mrs. Frances r Grand Coulee, Sask
Mickleborough, Catherine Cranbrook, B.C
Miles, Frank B., M.D Xamaka, Alta
Calgarj' .••■
Vancouver, r>.*^.
Winnipeg
Millar, Herbert W.
Miquelon, .J. R
Moffatt, Wm..... •••
Moody, A. W., M.D.
Moran, W. J
Morrison, Ernest
Morrow, T. R. ^ ^^^_ ^ . . .
Muir, Jas^ K.L. W'innipcg ^r r, .
MuUins, H. A Superior, Wis., U. S.A.
Munroe, G. H. . ._• Rainv River
Murdoch, A., M.D Fort William, Ont
Murphy, James a «
Rossland . . . .
Los Angeles.
Calgary.
No. of
shares.
10
10
15
25
5
30
50
5
30
5
5
5
25
10
30
5
3
30
10
100
20
15
5
20
25
50
W'innipeg
Kamloops
Vancouver
San Diego, Cal.
Medicine Hat.. .
Vancouver
Edmonton
Winnipeg.
Murray, G. H. .
Musgrove, W.W.L., M.D.
Mytton, H. F
Nation, J
Newton, E. E
Niblock, W. G
Nichol, W. C...... .•
NichoUs, A. A., M^
Nichol, W. R., M.D Vancouver, B.C.
¥heNorS;e^Trusts Company;:::: ::.VVinnipeg
The Northern Trusts Company Brandon, Man
O'Hara, R. H Kenora
Pagon, Geo Port William, Ont.
Palling, W rn Midale, Sask
Parisel, Julia Edmonton
Parlee, Harold H. Winnipeg
Parri-sh, William L Golden, B.C
Parson, H- <^ •. ^p. Red Deer
Parsons, R., MiJ ■ Cranbrook
Paterson, E. L Calgary
Peter.5on, C. \\ Brandon.
Pater.son, G. A
Patrick, J. A. M
Patrick, T. A
Patterson, F. P
Patton, F. L
Paul, Henry E
Peace, W. T
Pearce, Frances
Pearce, H. J. E-. . ■
Pearce, Margaret A.
Pearce, S. K
Pearce, Wm
Pearce, W. M
Pearson, Erley A...
Yorkton.
Vancouver. . .
Winnipeg
Fort William.
W'innipeg
Calgary
Rainy River.
Amount
subscribed.
5
125
10
5
5
5
2
10
25
10
10
5
20
6
10
25
10
10
20
50
10
10
5
50
5
10
25
10
5
5
25
5
10
50
10
50
10
15
Amount
paid in
cash.
$ cts.
.500 00
oOO 00
1,000 00
1,000 00
1 , 500 00
2,500 00
500 00
3,000 00
5,000 00
500 00
3,000 00
500 00
500 00
500 00
2,500 00
1,000 00
3,000 00
500 00
300 00
3,000 00
1,000 00
10,000 00
2,000 00
1,500 00
.500 00
2,000 00
2,500 00
5,000 00
.500 00
500 00
12,. 500 00
1,000 00
500 00
500 00
.500 00
200 00
1,000 00
2,500 00
1,000 00
1,000 00
500 00
2,000 00
600 00
1,000 00
2,500 00
1.000 00 1
1,000 00
2,000 00
5,000 00
1,000 00
1,000 00
500 00
5,000 00
.500 00
1,000 00
2,500 00
1,000 00
500 00
500 00
2,500 00
500 00
1,000 00
5,000 00
1,000 00
5,000 00
1,000 00
1,.500 00
cts.
50 00
50 00
100 00
100 00
150 00
250 00
50 00
300 00
500 00
.50 00
300 00
50 00
50 00
50 00
250 00
100 00
300 00
50 00
30 00
300 00
100 00
1,000 00
200 00
150 00
50 00
200 00
2.50 00
500 00
.50 00
50 00
1,250 00
100 00
50 00
50 00
50 00
20 00
100 00
250 00
100 00
100 00
50 00
200 00
60 00
100 00
250 00
100 00
100 00
200 00
.500 00
100 00
100 00
50 00
500 00
50 00
100 00
250 00
100 00
50 00
50 00
250 00
50 00
100 00
500 00
100 00
.500 00
100 00
150 00
LIST OF S HARE HOLD ERIl
611
SESSIONAL PAPER No. 8
THE MONARCH LIFE— Continued.
List of Shareholders — Continued.
Name.
De Pencier, Rt. Rev. A. U
Penfold, T.
Pennefather, F. R
Perfect, A. H., M.D...
Perine, Isabella
Pickersgill, H.J
Pollard, G. A., M.D...
Popham, E. S., M.D...
Powers, Dr. C. A
Pratt, J. I., M.D
Pratt, Reginald H. M..
Price, E. M
Price, L. W
Proctor, A. P., M.D...
Proctor, F. J
Procter, Beatrice
Ramsay, P. B. H
Randall, J. R
Raney, E. M
Reid, D. A
Reesor, D. A
Richardson, W
Riley, William P
Ripstein, D
Robb, W. G
Roberts, H. A
Roberts, Victoria C. . . .
Roberts, W. P
Roberts, W. L
Robertson, D
Robertson, H. W
Robertson, M. S
Robertson, J. F
Robinson, J
Rogers, Hon. Robt
Rogers, \\m., M.D
Rose & Hartin, Drs. . . .
Ross, J. T
Ross, W. R
Russell, J. H. G
Rutherford, Hon. A. C.
Rutledge, E. S
Rutledge, T. W
Scarth, M
Schnarr, Dr. N
Schoenan, E
Schoenleben, A
Scotland, John
Scott, Mary Hughes.. . .
Selous, H
Sharp, Mary L
Shaw, G. M., M.D
Shaw, H. M
Shields, W
Shragge, A
Sibbald, J
Sick, F
Simpson, J
Simpson, J
Simpson, R. M., M.D...
Sinclair, R. M
Sissons, C. K
Address.
Vancouver, B.C...
Port Arthur
Winnipeg, Man.. . .
Toronto, Junction.
Doon, Ont
Winnipeg
Regina
Winnipeg
Brandon
Port Arthur
Portage la Prairie.
Calgary
Vancouver.
Victoria
Chilliwack, B.C..
Trail, B.C
Port Arthur
Regina
Brandon
Portage la Prairie.
Winnipeg
Kaslo
Winnipeg.
Vancouver
Rainy River, Ont.
Vancouver
Nelson
Fort William.
Winnipeg
Nelson
Quebec
Victoria, B.C..
Winnipeg
Edmonton
Fort William...
Vancouver
BanfT, Alta
Kenora
Virden
Weyburn
Calgary
Toronto
Nelson
Toronto
Weyburn
Nanton
Davidson
Kenora
Trail
Lethbridge. . . .
Montreal
AUenby, B.C..
Winnipeg
Trail, B.C
Thornhill, Ont.
No. of
shares.
Amount
subscribed.
25
2,. 500 00
10
1,000 00
15
1 , 500 00
.50
5,000 00
10
1,000 00
10
1 , 000 00
5
500 00
50
5,000 00
10
1 , 000 00
20
2,000 00
5
500 00
10
1,000 00
10
1 , 000 00
10.
1,000 00
10
1 , 000 00
5
500 00
10
1,000 00
10
1,000 00
10
1,000 00
0
.500 00
10
1,000 00
10
1 , 000 00
50
5,000 00
10
1,000 00
15
1 , 500 00
5
500 00
5
500 00
10
1 , 000 00
5
500 00
5
500 00
5
500 00
5
500 00
5
500 00
13
1 , 300 00
100
10,000 00
50
5,000 00
10
1 , 000 00
10
1,000 00
5
500 00
25
2,. 500 00
50
5, 000 00
10
1 , 000 00
10
1,000 00
10
1 , 000 00
10
1 , 000 00
50
5,000 00
10
1 , 000 00
5
.500 00
25
2,. 500 00
50
5,000 00
25
2,500 00
10
1,000 00
10
1,000 00
5
500 00
25
2,500 00
5
500 00
20
2,000 00
20
2,000 00
10
1,000 00
65
6,500 00
20
2,000 00
10
1,000 00
Amount
paid in
cash.
cts.
250 00
100 00
150 00
.500 00
100 00
100 00
50 00
500 00
100 00
200 00
50 00
100 00
100 00
100 00
100 00
50 00
100 00
100 00
100 00
50 00
100 00
100 00
500 00
100 00
1.50 00
50 00
50 00
100 00
50 00
50 00
50 00
50 00
50 00
1.30 00
1,000 00
.500 00
100 00
100 00
50 00
250 00
500 00
100 00
100 00
100 00
100 00
500 00
100 00
50 00
250 00
500 00
250 00
100 00
100 00
25 00
250 00
50 00
200 00
200 00
100 00
650 00
200 00
100 00
8—39^*
612
DErARTMEXT OF IXSVRANCE
11 GEORGE V, A. 1921
THE MONARCH LIFE— Continued.
List or Shareholders— Continued.
Name.
Address.
Skinner, T. J. S
Skitch, W. E
Smith, B.S
Smith, C
Smith, J. M
Smith, Elizabeth M
Snelgrove, A
Snelgrove, M '•
Snelgrove, R.J
Snider, J. H.^
Sparling, J. K ^\^- ;-^ i\
Sparling, Rev. J.W., D.D. (Deceased) .
Spence, M. M
Sprague, D. E
Sprague, D. B
Standard Trusts Co
Stanley, C D., M.D
Steinkopf, M ■■
Stewart, A. D., M.D
Stewart, C. J., M.D
Stewart, E. O
Stewart, J. WW
St. Denis, A. J. H
St. Laurent, A. E
Stinson, J. C
Stonhouse, S. B
Streit, J. J ■■
Stubbs, E. J., M.D
Sullivan, M. H
Sumner, Margaret.
Sutherland, W. H., M.D
Sutton, A. B.,M.D
Tabor, A. C
Tarte, E
Tarte, J
Taylor, J.N •■
Taylor, A. (Deceased)
Taylor, U. C
Tpgler, R •■••
Thomson, Mrs. Andrew
Thompson, G. H
Thompson, W. R
Rodd, J.E
Todd, J. O., M.D
Tomkins, J. D
Torrance, F., V.S
Townsend, C, M.D
Travis, J. H. D......
Trust & Guarantee Co
Tyson, L. F
Ilrquhart, G. W
Waldie, Wm
Wallace, C. A.,- Jr
Wallace, Frances E..
Wallace, G. D
Wallace, J. H
Walsh, L ..••
Warden, H.W., M.D
Wark, J., M.D
Warnock, D
Warren, Mary S
Watson, G. T
Watkins, G. G
Wells, W.J
Wemyss, J
Westvvood, J
Calgary.
Bristol, Eng..
Regina
Fort Frances.
Fort William.
Vancouver —
No. of
shares.
Norman, Ont.
Winnipeg
High River, Alta.
Winnipeg
Fort William
Calgary
Nelson
Winnipeg
Montreal
Saskatoon
Fort William
Winnipeg
Kaslo
Seattle
Kellog, Idaho....
Saskatoon
Revelstoke
Port Credit, Ont.
Fredericton
Montreal
Golden, B.C....
Edmonton
Winnipeg
Edmonton
Regina
Cranbrook
Nelson
Chicago, 111
Winnipeg
Selkirk
Ottawa
Canmore, Alta.
Vancouver
Toronto, Ont...
Trail
Kamloops
Nelson, B.C. . .
Toronto, Ont...
Wetaskiwin
Lethbridge
Port Arthur
Moose Jaw
Moosomin
Victoria, B.C
Banff
Pilot Mound
Chilliwack, B.C.
Winnipeg
Neepawa
Vancouver
60
10
10
25
5
10
25
25
25
10
10
10
50
50
25
90
20
5
50
5
2
50
100
10
10
20
10
1
7
5
5
10
40
3
Amount
subscribed.
10
10
50
10
5
5
10
10
10
5
5
10
1
12
10
10
50
35
CO
5
100
10
20
5
10
40
50
100
20
13
10
Amount
paid in
cash.
I cts.
6,000 00
1,000 00
1,000 00
2,500 00
.500 00
1,000 00
2,500 00
2,500 00
2,500 00
1,000 00
1,000 00
1,000 00
5,000 00
5,000 00
2,500 00
9,000 00
2,000 00
500 00
5,000 00
500 00
200 00
5,000 00
10,000 00
1,000 00
1,000 00
2,000 00
1,000 00
100 00
700 00
500 00
500 00
1,000 00
4,000 00
300 00
200 00
1,000 00
1,000 00
5,000 00
1,000 00
500 00
500 00
1,000 00
1,000 00
1,000 00
500 00
500 00
1,000 00
100 00
1,200 00
1,000 00
1,000 00
5,000 00
3,500 00
6,000 00
500 00
10,000 00
1,000 00
2,000 00
500 00
1,000 00
4,000 00
5,000 00
10,000 00
2,000 00
1,300 00
1,000 00
cts.
600 00
100 00
100 00
250 00
.50 00
100 00
250 00
250 00
250 00
100 00
100 00
100 00
500 00
.500 00
250 00
900 00
200 00
50 00
500 00
50 00
20 00
500 00
1,000 00
100 00
100 00
200 00
100 00
10 00
70 00
50 00
50 00
100 00
400 00
LIST OF SHAREHOLDERS
613
SESSIONAL PAPER No. 8
THE MONARCH LIFE^ Concluded
List of Shareholders — Concluded
Name.
Address
No. of
shares
Amount
subscribed
Amount
paid in
cash
Wetterau, I
White, F
White, Mary A
Whiteside, E. W. E
Whitney, D.J
Wier, J
Williams, A. G
Williams, D
Williams, W. H
Williamson, J
Willoughby, H. G..
Wilmot, A. G
Wilson, W
Wilson, W. H
Wood, G. W
Woods, J. G
Wilson, W.J
Wright, .John P
Young, A
Young, W. S
Yuill, H. C
Toronto
Fernie, B.C
Ashville, U.S.A..
Canmore
Lethbridge
Merrill
Winnipeg
Canmore
Winnipeg
Trail
Saskatoon
Jaff ray
Nelson
Moose Jaw, Sask.
Montreal
Vancouver, B.C..
Vancouver
Fort Frances
Macleod
Selki-k
Medicine Hat
5
5
5
5
5
4
25
10
25
10
15
5
5
5
15
30
50
5
5
10
5
$ cts.
500 00
500 00
500 00
500 00
500 00
400 00
2,500 00
1,000 00
2,500 00
1,000 00
1,500 00
500 00
500 00
500 00
1,.500 00
3,000 00
5,000 00
500 00
500 00
1,000 00
500 00
cts.
50 00
50 00
50 00
50 00
50 00
40 00
250 00
100 00
250 00
100 00
150 00
50 00
50 00
50 00
150 00
300 00
500 00
50 00
.50 00
100 00
50 00
9,986
$998,600 00
$100,743 38
THE MUTUAL LIFE ASSURANCE COMPANY OF CANADA
List of Directors — (As at February 25, 1921).
Policyholders' Directors— Hume Cronyn, M.P., R. O. McCulloch, J. Kerr Fisken, C. M. Bowman,
E. P. Clement, K.C., W'. J. Kidd, L. J. Breithaupt, Geo. Pattinson, W. G. Watson, Sir Lomer
Gouin, Major-General Hon. S. C. Mewburn, K.C., Vincent Massey.
(No Shareholders)
614
DEPARTMEXT OF IXl^URAXCE
11 GEORGE V, A. 1921
THE NATIONAL LIFE ASSURANCE COMPANY OF CANADA
List of Directors — (As at December 31, 1920).
Shareholders' Directors — Albert J. Ralston, George \V. Beardmore, H. Cockshutt, Dr. W . H. Merritt.
Hon. Rudolphe Leinieux, A. H. Beaton.
Polipyholder.s' Directors — George \V. Gouinlock, W. R. Hobbs, Hugh Blain, E. M. MacDonald.
List of Shareholdkrs — (As at December 31, 192()).
Name
Address
No. of
shares
Angstrom, Mrs. M. Hazel
Ashton, Robert
Baines, Dr. Allen
Beardmore, Geo. W
Beartlmore. A. O
Brown, Thomas A
Beaton, A. H
Beaven, Hon. Robert
Beique, Hon. F. L
Bingham, Dr. G. S
Bates, Mrs. L. C
Betts, John
Crease, A. D
Callaghan, J. Orr
Clarke, J. J
Campbell, Mrs. Beatrice .• - • ■
Challoner, W. L., estate
National Trust Co., in trust for Rev. Arthur B.
Chilton
Cockshutt, Henry
Cy'hapman, Dr. C. E
Clancey, R.I
Davies, Wm
Fraser, Dr. R. L
Fleming, Mrs. Catherine
Fleming, Harold
Fortier, Dr. L. E
Graef, Dr. Charles
Gouinlock, Mrs. Georgina
Gouinlock, Laura H
Gouinlock, Robt. W
Ganong, Mrs. Maria F
Greenshields, J.N
Haney, M.J
Hayward, Charles
Henderson, A
Hamilton, R
Hoare, Dr. C. W
Hood, John
Hobbs, Mrs. Annie, estate
.Jones. Dr. O. M., estate
Jones, Dr. J. R., estate
Kirk, Aubrey, estate
Langley, J. P
Lawrence, Dr. F. O
Lemieux, Rudolph
Levy, H. E
Levy, W.J
Lynch, Mi.ss E. M
Lawson, J. H. and H. G., executors
McLaughlin, M
Murray, Mrs. M.J
MacKechnie, Dr. L. N
McPherson, C. E
McAvity, T
Mcintosh, J
McLaurin, Mrs. M. B
Macdonald, Albert A., Dr
Main, Mrs. M.J
Toronto, Ont
Brantford, Ont
Toronto
Victoria, B.C
Montreal, Que
Hamilton, Ont
Sackville, N.B
Millerton, N.B
Victoria, B.C
Hamilton, Ont
Millerton, N.B
Victoria, B.C
Victoria, B.C
Toronto
Brantford, Ont
Kitchener
Winnipeg, Man
Toronto
Victoria, B.C
Montreal, Que
New York, N.Y...
Toronto
St. Stephen, N.B. !
Montreal, Que
Toronto
Victoria, B.C
Walkerville, Ont.. .
Winnipeg, Man
Toronto
Victoria, B.C
Winnipeg, Man
Antigonish, N.S...
Toronto
St. Thomas, Ont...
Montreal, Que
Victoria, B.C
Mitchell, Ont
Rhinebeck, N.Y.. .
Victoria, B.C
Toronto
Sooke, B.C
Vancouver, B.C —
Winnipeg, Man
St. John, N.B
Petit Rocher, N.B
Toronto
Hamilton, Ont
10
10
10
1,064
10
10
150
30
25
20
20
35
10
20
10
80
10
20
150
5
50
50
20
5
5
50
10
315
8
7
50
75
120
25
10
10
10
20
75
100
15
40
20
10
25
20
10
85
10
50
10
10
40
10
5
20
66.S
LIST OF SHAREHOLDERS
615
SESSIONAL PAPER No. 8
THE NATIONAL LIFE— Concluded.
List of Shareholders — Concluded.
Name
Address
No. of
shares
Amount
paid in
cash
Milne, Dr. G. L
Muntz & Beatty
Mulloy, C. W
Munn, D.J
Morrison, Mrs. Mary
Milne, Mrs. E. C
Merritt, Dr. W. H
Purdy, D.J
Rogers, Elias, estate
Robinson, Mrs. Grace
Robinson, James
Raymond, L. Clarke
Ralston, Albert J
Scott, N. C
Shenstone, J. N
Sparling, F
Stewart, C. T
Smith, A. D
Smith, F. J. D
Smith, Mrs. Sarah J
Sayers, Mrs. Kate
Spink, executor, estate of J. L. Spink
Tufts, Prof. J. F
Vigeon, Harry
Wills, W. G
Walker, Dr. R. E.,
Walker, Mrs. Margaret T
Wilson, Dr. W. A
Wilson, W. R
Warwick, Mrs. Nellie G., estate
Walker, E. C. and Bros
Edward Hay, G. G. LeMesurier, Marion A. Kerr
— Trustees Wilkie Trust
Young, Robert E
Victoria, B.C
Toronto
Aurora, Ont
Montreal, Que
St. John, N.B
Victoria, B.C
St. Catharines, Ont.
St. John, N.B
Toronto
Millerton, N.B
Welland, Ont..
Toronto
St. John, N.B.
Toronto
Bobcaygeon, Ont. . .
Mitchell, Ont
Newtonbrook, Ont.
Clarkson's, Ont
Toronto
Wolfville, N.S
Toronto
Mitchell, Ont
New Westminster, B.C.
Walkerville, Ont
Derby, N. B
Fernie, B.C
Toronto
Walkerville, Ont
Toronto.
100
10
20
50
20
10
50
35
2,928
40
90
10
1,320
10
50
544
15
40
100
30
25
50
100
20
5
10
50
5
100
50
165
175
6
$ cts.
2,500 00
250 00
500 00
1,250 00
500 00
2.50 00
1,250 00
875 00
73,200 00
1,000 00
2,2.50 00
250 00
33,000 00
250 00
1,250 00
13,600 00
375 00
1,000 00
2,. 500 00
750 00
625 00
1,250 00
2,. 500 00
500 00
125 00
250 00
1,250 00
125 00
2,500 00
1,250 00
4,125 00
4,375 00
150 00
10,000
$ 250,000 00
616
DEPARTMEXT OF lySVRANCE
11 GEORGE V, A. 1921
NORTH AMERICAN LIFE ASSURANCE COMPANY
Shareholders' Directors-
LiST OF Directors — (As at December 31, 1920).
-L. Goldman, A. I. A., F.C.A., President and Managing Director; Lt.-Col.
McCrae, 2nd Vice-President; J. N. Lake, E. Holt Gurney
D.
Policyholders' Directors — W. K. George, 1st Vice-President; M. J. Haney, Chairman Executive Com'
mittee; Hamilton Cassels, K.C., J. A. Paterson, K.C., C. W. I. Woodland
List of Shareholders — (As at December 31, 1920).
Name
Address
Amount
subscribed
Amount
paid in
cash
Ardagh, Henrj- H
Ardagh. Henry H. G
Bates, Mrs. I. Norma
Blaikie, Frank
Blaikie, Geo. Wm
Blaikie, Frank, Blaikie, Geo. W., intrust...
Blake, Hon. Edward, K.C., estate of
Blake, Hume
Blake, Samuel V
Belcher, Ethel S
Burpee, Isaac, Est. of
Canada, Trust Co. Trustee for Sophia H
Wrong
Carlyle, Jas., Est .of
Carruthers, J. B
Conley, Mrs. Jessie L
Cunningham , Maria B
Davies, Hon. Sir L. H
Eakins, Elizabeth
Goldman, L
Gurney, E. Holt
Haney, Margaret
Hewitt, Rev. W. J., Est. of
Hill, Laurence R
Home Bank of Canada
Jarvis, Emilias
Kerr, Adelaide Cecil
Kilgour, Jas. F
Lake, John N
Langmuir, Mrs. Georgina H
Cassels, G., Hamilton, Trustee Est. of Alex
ander Manning
Lovitt, Francis B
Lovitt, Israel M
Lovitt, Wm. D
Macdonald, Miss Annie
MacCoy, Josephine B
MacKay, Hon. Robt., Est. of
MacRitchie, Miss Eva L
McCabe, Wm., Est. of
McCrae, D
McCrae, Janet, Est. of
McCrae, Thos., M.D
Millar, Chas
Orpen, A. M
Osborne, J. K., Est. of
Scott, Robt., Jas. and Jessie, Executors and
Executrix
Society of Montreal General Hospiral
Strachan, Helen Mackenzie
Strathy, Arthur G
Strathy , Jas. R
Thorburn, Isabella M
Thompson, Alex. Mackenzie
Thompson, Robert Fleming
Wallace, Rev. W. G., D.D., in trust
Toronto, care of H. G. Ardagh
N. A. Life
Toronto, Ont
Ottawa, Ont
St. (Catharines, Ont
Toronto, Ont
London, Eng
Halifax, N.S
St. John, N.B
London, Ont
Toronto, Ont
Kingston, Ont
Ottawa, Ont
Halifax, N.S
Ottawa, Ont
Yarmouth, N.S
Toronto, Ont
Rhos, Wales
Toronto, Ont
Brandon, Man
Toronto, Ont
Yarmouth, N.S
Montreal, Que
Halifax, N.S
Montreal, Que
Ottawa, Ont
Toronto, Ont
Guelph, Ont
Baltimore, Md
Toronto, Ont
Montreal, Que
191 St. George St., Toronto
Ont
Toronto, Ont
47 St. Mark St., Montreal, Que
191 St. George St., Toronto
Ont
Toronto, Ont
S cts.
10,000 00
1,000 00
1,700 00
3,000 00
3,000 00
6,000 00
2,500 00
2,500 00
2,500 00
800 00
5,000 00
2,500 00
6,000 00
4,000 00
1,600 00
600 00
7,000 00
5,000 00
17,000 00
2,500 00
2,500 00
1,700 00
100 00
10,000 00
12,000 00
5,000 00
1,000 00
2,500 00
5,600 00
5,000 00
2,500 00
5,000 00
2,500 00
10,000 00
600 00
2,000 00
1,700 00
86,000 00
2,. 500 00
1 , 000 00
2,000 00
100 00
100 00
2,500 00
10,000 00
10,000 00
5,000 00
1 , 500 00
1,000 00
11,400 00
5,000 00
5,000 00
3,000 00
$ ct.s.
2,000 00
200 00
340 00
600 00
600 00
1,200 00
500 00
500 00
500 00
160 00
1,000 00
500 00
1,200 00
800 GO
320 00
120 00
1,400 00
1,000 00
3,400 00
500 00
500 00
340 00
20 00
2,000 00
2,400 00
1,000 00
200 00
500 00
1,120 00
1,000 00
500 00
1,000 00
500 00
2,000 00
120 00
400 00
340 00
17,200 00
500 00
200 00
400 00
20 00
20 00
500 00
2,000 00
2,000 00
1 , 000 00
300 00
200 00
2,280 00
1,000 00
1,000 00
600 00
$ 300, 000 00
$ 60,000 00
LIST OF SHAREHOLDERS
617
SESSIONAL PAPER No. 8
THE NORTHERN LIFE ASSURANCE COMPANY OF CANADA
List of Directors — (As at March 1, 1921).
Shareholders' Directors— T. H. Purdom, K.C., Nathaniel Mills, N. H. Stevens, John A. Walker, K.C.
Alexander Purdom, Malcolm McGugan
Policyholders' Directors — W. S. Calvert, John Purdom, Geo. H. Belton
List of Shareholders — (As at December 31, 1920).
Name
Address
No. of
shares
Amount
subscribed
Amount
paid in
cash
Ahearn, Thos
Amyot, Geo. E
Atkinson, T. R
Balfour, Isabella
Balfour, C. C
Ballantyne, T. (estate)
Ballantyne, James
Ballantyne, A. W
Ballantyne, Mrs. R. M
Barnes, Margaret M
Barrie, A
Barrie, O. C
Baskerville, W.J
Bate, H. N. (estate)
Bayley, C. H
Beemer, Frank
Belcourt, Hon. N. A
Bell, Walter (estate)
Bell, Jessie M
Bell, AdamT
Bell, W. H
Bennett, Constance Edith
Bolton, A. R. and Royal Trust Co
Boswell, J. K
Boswell, A. W
Bowes, J. G. (estate)
Breakey, Mrs. Helen
Breakey, John (exrs. estate)
Brener, 0. E
Brennan, D. E
Brown, Malinda
Brownlee, M., M.D
Burgess, C. H
Calderwood, Alex
Calvert, Mrs. W. S
Campbell, C. T
Campbell, L. K
Campbell, J. B. (est.)
Campbell, P. R
Capital Trust Corp. Ltd. (administra-
tors E. Tasse Estate)
Cattermole, J. F., M.D
Cattermole, Mrs. J. F
Catto, John
Cleary , Francis
Comstock, W. H. (estate)
Coutts, John
Couture, J. G
Coyne, Jas. H
Cross, Alex. G
Davis, Mrs. John
Davidson & McMorran
Davey, Mrs. P. N
Davies, William
Dewar, Rebecca
Dickson, Marion
Dominion Savings and Investment
Society
Dow, Mrs. Andrew M
Drummond, Margaret
Ottawa, Ont
Quebec, Que
Simcoe, Ont
London, Ont
Toronto, Ont
Stratford, Ont
Toronto, Ont
Montreal, Que
Cincinnati, Ohio
liOndon, Ont
Ottawa, Ont
Toronto, Ont....
Ottawa, Ont
London, Ont
Tavistock, Ont
St. John, N.B. '.'.'. '.'..'.'.
Thedford Mines, Que
bee. Que
Quebec, Que
Quebec, Que
Toronto, Ont
Breakeyville, Que
London, Ont
Ottawa, Ont
Glencoe, Ont
Woodstock, Ont
Toronto, Ont
Bothwell, Ont
Strathroy, Ont
London, Ont
Ridgetown, Ont
Ottawa, Ont
Woodstock, Ont
Toronto, Ont
Windsor, Ont
Brockville, Ont
Thamesville, Ont
Quebec, Que
St. Thomas, Ont
Westmount, Que
Windsor, Ont
Port Huron, Mich
London, Ont
Toronto, Ont
London, Ont
St. Mary's, Ont
London, Ont
Thamesville, Ont
Detroit, Mich
40
25
12
115
2
1
2
2
1
11
16
1
50
40
10
5
10
55
10
10
10
40
50
3
3
1
25
25
10
100
5
2
20
7
114
5
5
30
5
20
5
5
10
2
50
5
2
20
20
140
20
10
100
10
5
500
20
20
$ cts.
4,000 00
2,500 00
1,200 00
11,500 00
200 00
100 00
200 00
200 00
100 00
1,100 00
1,600 00
100 00
5,000 00
4,000 00
1 , 000 00
.500 00
1,000 00
5,500 00
] , 000 00
1,000 00
1,000 00
4,000 00
5,000 00
300 00
300 00
100 00
2,500 00
2,500 00
1,000 00
10,000 00
500 00
200 00
2,000 00
700 00
11,400 00
500 00
500 00
3,000 00
500 00
2,000 00
500 00
500 00
1,000 00
200 00
5,000 00
500 00
200 00
2,000 00
2,000 00
14,000 00
2,000 00
1,000 00
10,000 00
1 . GOO 00
500 00
50, 000 00
2,000 00
2,000 00
$ cts.
4,000 00
2,500 00
1,200 00
3,250 00
200 00
100 00
200 00
200 00
100 00
1,100 00
500 00
100 00
5,000 00
2,200 00
100 00
50 00
1,000 00
5,500 00
500 00
1,000 00
4,000 00
5,000 00
300 00
300 00
100 00
2,. 500 00
2,500 00
100 00
5,000 00
500 00
200 00
1 , .500 00
700 00
1,140 00
500 00
.500 00
300 00
50 00
2,000 00
500 00
500 00
1,000 00
200 00
5,000 00
100 00
200 00
200 00
2,000 00
14,000 00
200 00
1,000 00
10,000 00
100 00
500 00
50,000 00
2,000 00
2,000 00
618
DEPARTMENT OF INSURANCE
THE NORTHERN LIFE— Continued.
List of Hhareholders — Continued.
11 GEORGE V, A. 1921
Name.
Address.
No. of
shares.
Amount
subscribed.
Ducharmes, Hon. G . N
Dufton, E. T
Duncan, Mrs. J. H
Dunnett, James (estate)
Dupuis, A. B
I^urand, Andrew (estate)
Dyment, A. E
Eastman, Kate .). I
Eckert, Mrs. Martha
Eckert, C. H
p:ckert, R. C
Eckert, Hattie
Edwards, Hon. William C
Elliott, Chas. H
Elliott, Emeline M
Elliott, Mrs. Maria
Englehart, J. L
Fairbank, J. H. (estate)
Ferguson, Walter R
Ferguson, .John
Ferguson, Florence A
Fernley, J. M
Fidelity Trust Company
Fitzgerald, W. G
Fleming, O. E
J-orbes, Geo. D
Forbes, Wm
Forbes, Isabella R
Eraser, R. N., M.D
Eraser, John E
Eraser, Agnes C
Fraser, Andrew, Marion Eraser, A. C
J. Andrews, and J. G. C. Fraser
Fraser, John G
Fraser, Wm B
Fraser, Mrs. Andrew
Fraser, Andrew
Garrett, Joshua
Geoffrion, Hon. C. A. (estate)
Gibson, Hon. Wm. (estate)
Gillard, Wm
Govenlock, Agnes
Graham, P. L
Graham, Alex. D
Graham, Mrs. May
Grant, Samantha
Gray, R. A
Greer, Mrs. A. B
Hamilton, Elizabeth
Harris, Geo. B
Hickey, Margaret Jane
Hoare, C. W., M.D
Holmes, T. K., M.D
Hogan, Jas. E
Horton, Geo. A
Huot, Philip (estate)
Irving, T. C. F
Irving, Isabella
Jackson, Robert
James, Hannah M
Jenkins, Chas
Johnston, Jessie H
.Johnstone, Caroline A
Montreal, Que.
Stratford, Ont.
Chatham, Ont.
Ottawa, Ont...
Quebec, Que. . .
London, Ont. . .
Toronto, Ont. .
London, Ont. . .
London, Ont. . .
Rockland, Ont. . . .
London. Ont
Marysvillc, Mich.
London, Ont
Toronto, Ont
Petrolia, Ont
Thamesville, Ont.
London, Ont
Toronto, Ont.
London, Ont.
Windsor, Ont.
Hespeler, Ont.
Ottawa, Ont..
Thamesville, Ont.
Ottawa, Ont
Quebec, Que
Ottawa, Ont.
Quebec, Que.
London, Ont.. . ,
.Montreal, Que..
Hamilton, Ont.
Stratford, Ont.
Cornwall, Ont..
Lobo, Ont
Rothwell, Ont.
London, Ont.. .
JuU, Mary.. . .
Kay, John B.
Kerr, John. . .
Toronto, Ont
London, Ont
Ottawa, Ont
London, Ont
Both well, Ont...
Walkerville, Ont.
Chatham, Ont.. .
St. John, N.B....
Quebec, Que
Toronto, Ont
St. Mary's, Ont
Petpolia, Ont
Marvsvillp, Mich
Petrolia, Ont
Fernie, B.C
Glenridge, New Jersey
U.S.A
Toronto, Ont
Petrolia, Ont.
50
10
60
5
30
20
oO
5
h
10
41
45
20
10
11
5
25
22
20
95
10
10
.500
10
3
10
10
20
20
1
1
2
1
1
10
5
10
11
10
10
4
1
10
1
7
4
25
25
5
10
10
50
10
2
11
10
10
100
11
50
10
6
5
50
20
$ cts.
5,000 00
1,000 00
6,000 00
.500 00
3,000 00
2,000 00
5,000 00
500 00
500 00
1,000 00
4,100 00
4,500 00
2,000 00
1,000 00
1,100 00
500 00
2,500 00
2,200 00
2,000 00
9,. 500 00
1,000 00
1,000 00
50,000 00
1,000 00
300 00
1,000,00
1 , 000 00
2,000 00
2,000 00
100 00
100 00
200 00
100 00
100 00
1 , 000 00
.500 00
1,000 00
1,100 00
1,000 00
1,000 00
400 00
100 00
1 , 000 00
100 00
700 00
400 00
2,500 00
2,. 500 00
500 00
1,000 00
1,000 00
5,000 00
1 , 000 00
200 00
1.100 00
1,000 00
1,000 00
10,000 00
1,100 00
5,000 00
1,000 00
600 00
.500 00
5,000 00
2,000 00
LIST OF SHAREHOLDERS
619
SESSIONAL PAPER No. 8
THE NORTHERN LIFE— Continued.
List of Shareholders — Continued.
Name.
Addres.s.
No. of
shares.
Amount
subscribed.
Amount
paid in
cash.
Keyes, Perley G. (estate)
Kerr, James (estate)
Kidner, Robt. W
Labatt, Theo
liaidlaw, Miss Agnes
I^angford, C. B
Lapierre, Corinne
Lawrence, F. O., M.D
Leckie, Charles Stewart
Leitch, C. St. Clair
Leitch, Miss M. St. Clair
Lemoine, Gaspard (trust)
Lemoine, Rene & A.M.L. Remillard.. .
Little, R. A
Lockhart, Helen I
Long, Thomas
Loring, Anna H
Macklin, Henry
Macknight, R. C
Mann, Georgina
Marshall, John (estate)
Marshal], Wm
Martin, Hon. Jos
Matheson, Mrs. J. H
Mercantile Trust Co. of Canada
Meredith, Chas
Middleton, J. T
Mills, Nathaniel (trust)
Mills, Alice Maud
Mills, Nathaniel
Mills, Nathaniel (manager in trust). . . .
Mills, Myron W
Mills, David W .'.
Milne, A. E
Milne, J. H
Milne, David
Moore, C. S., M.D
Mulloy, Nelson, M.D
McAlpme, Mary
McCabe, Mary '
McCoubrey, Izinia
McCulley, S. B
McDonald, S. C, Manager, and Burns,
W.H., Accountant (in trust)
McDonell, H. M
McDougall, Donald J
McEvoy, S. H
McFarlane, A. M
McGovern, K. M
McGugan, M., Sr
Mcintosh, J. R
MacKay , Edward
MacKay, G. B
MacKay, Hugh
McKay, Robert (exrs. estate of)
McKay, James
McKenzie, David
McKillop, James B
McKinley, Julia F
McLarty , Norman A
Maclaren, Albert
McLaren, Chas. H
McLaren, Kenneth
McMillan, James
McNaughton, F. A
Nash, B. J. (estate)
National Trust Company, (in trust) . . . .
Ottawa, Ont
Sarnia, Ont
London, Ont
Montreal, Que
Toronto, Ont
Blenheim, Ont.. .
Ottawa, Ont
St. Thomas, Ont.
Toronto, Ont
St. Thomas, Ont.
Quebec, Que.
New Westminster.
London, Ont
Toronto, Ont
Montreal, Que
London, Ont
Windsor, Ont. . .
London, Ont.. . .
Hamilton, Ont..
Vancouver, B.C.
St. Mary's, Ont.
Hamilton, Ont..
Montreal, Que...
Hamilton, Ont..
London, Ont
Marysville, Mich.
Cleveland, Ohio. ,
London, Ont
Sarnia, Ont
London, Ont
Preston, Ont
Glencoe, Ont
Hamilton, Ont
London, Ont
Cedar Springs, Ont.
Hamilton, Ont. . . .
Montreal, Que
Ottawa, Ont
Ames, Oklahoma.
Montreal, Que
St. Lambert, Que.
Strathroy, Ont... .
St. John, N.B
Montreal, Que
Lethbridge, Alta..
Montreal, Que
Hamilton, Ont
Hyde Park, Ont... .
London, Ont
Ridgetown, Ont
Medicine Hat, Alta.
Buckingham, Que...
Ottawa, Ont
Ottawa, Ont
Belmont, Ont
Montreal, Que
London, Ont
Toronto, Ont : .
10
25
5
10
5
1
2
15
5
5
50
20
5
20
5
50
20
10
40
30
5
10
1
25
2
1
10
235
5
204
119
10
11
16
18
10
8
25
25
10
5
50
10
12
5
5
4
11
114
10
20
20
20
25
10
20
5
50
10
40
1
25
1
2
$ cts
1 , 000 00
2,500 00
500 00
1 , 000 00
500 00
100 00
200 00
1 , 500 00
500 00
500 00
5,000 00
2,000 00
500 00
2,000 00
500 00
5,000 00
2,000 00
1,000 00
4,000 00
3,000 00
500 00
1,000 00
100 00
2,500 00
200 00
100 00
1,000 00
23,500 00
500 00
20,400 00
11,900 00
1,000 00
1,100 00
1 , 600 00
1,800 00
1 , 000 00
800 00
2,500 00
2,500 00
1 , 000 00
500 00
5,000 00
1,000 00
1,200 00
500 00
500 00
400 00
1,100 00
11,400 00
1,000 00
2,000 00
2,000 00
2.000 00
2,500 00
1,000 00
2,000 00
500 00
5,000 00
1,000 00
4,000 00
800 00
800 00
100 00
2,500 00
100 00
200 00
cts.
1,000 00
2,500 00
500 00
1,000 00
500 00
100 00
200 00
462 50
50 00
50 00
500 00
200 00
500 00
200 00'
500 00
5,000 00
2,000 00
100 00
1 , 300 00
2,000 00
50 00
100 00
100 00
1,000 00
200 00
100 00
1,000 00
5,500 00
500 00
5,075 00
2,400 00
1,000 00
1,100 00
500 00
500 00
1,000 00
800 00
500 00
2,500 00
1,000 00
500 00
500 00
1,000 00
1,200 00
500 00
50 00
400 00
1 , 100 00
500 00
2,000 00
2,000 00
2,000 00
2,500 00
100 00
2,000 00
50 00
SOO 00
1 , 000 00
4,000 00
800 00
800 00
100 00
150 00
100 00
200 00
620
DEI'ARTMK\T OF lySLRAXCE
THE NORTHERN LIVE— Continued.
List of Shareholders — Continued.
11 GEORGE V, A. 1921
Name.
Address.
No. of Amount
shares. subscribed.
Amount
paid in
cash.
Noble, R. D
O'Flaherty, John
O'Meara, Gertrude Mary
Owens, E. W. J
Parke, E. J. (estate)
Patton, Louisa C
Peterson, M. H
Peterson, A. E
Pringle, John, Mgr. (in trust)
Purdom, Alex
Purdom , Alex . H
Purdom, T. H., K.C. (in trust)
Purdom, T. H., K.C
•Preston, E. A
Petit, Isabella M
Reford, Robt. (estate)
Renfrew, A. E
Renfrew, W. C
Renfrew, G. C
Richard, Antoinette
Riopelle, Jos
Robillard, Blanche
Robillard, Rodrique J
Rodger, David
Rodgers, W. B
Ross, W. K
Ross, F. W
Ross, John T
Rowat, Thos. A
Rowe, \V. B
Royal Trust Co. (executors estate late
Emma King)
Rutherford, James
Ruthven, N. H
Ryan, H. A
Ryan, John R
Ryan, John festate)
Strathcona, Rt. Hon. Lady
SarvLs, Richard (exts. estate of)
Scane, E . \V
Shattuck, E. L. and H. G
Shaw, Mary A
Shaw, Marion
Sherwood, Mrs. Col. A. P
Sharp, Arch
Skinner, C. M
Smith, L. W. (estate)
Somerville, Geo. A. (estat*)
Somervillc, C. R
Spry, D. (estate)
Stark, John festate)
Stevens, N. H
Stockwell, Caleb (estate)
Sutherland, \\m. (estate)
Sutherland, J. D
Taggart, F. M
Tavlor, Eleanor
Taylor, W. H
Tcnnjint, Mary E
Thibadeau, Hon. A. A
Thompson, Mrs. John
Thompson, A. S., M.D
Toronto General Trusts Corporation,
in trust,
Tremblay, Marie Louise
Trestain, Mrs. J. A
Trusts and Guarantee Co., Ltd
London, Eng
Ont
Quebec, P.Q
Toronto, Ont
London, Ont
Toronto, Ont
Las Cruces, New Mexico
Portland, Ore
London, Ont
St. John, N.B.'.'.!!';!!!!
England
Montreal, Que
Quebec, Que
Okanagan Mission, B.C.
Kelowna, B.C
Ottawa, Ont
London, Ont
Quebec, Que
Kingston, Ont
Quebec, Que
London, Ont
Chatham, Ont
Quebec, Que
Blenheim, Ont
Windsor, Ont
Toronto, Ont
Montreal, Que
Toronto, Ont
London, Eng
Mitchell, Ont
Chatham, Ont
Ottawa, Ont
Quebec, Que
Ottawa, Ont
London, Ont
St. John, N.B
Toronto, Ont
London, Ont
Barrie, Ont
Toronto, Ont
Chatham, Ont
London, Ont
Quebec, Que
Ottawa, Ont..!
London, Ont
Chatham, Ont
London, Ont
Montreal, Que
Glencoe, Ont
Strathroy, Ont
Ottawa, Ont
Tilsonburg
Toronto, Ont
11
1
40
10
10
5
10
.5
5
115
100
71
2,280
10
12
50
20
4
8
2
10
2
2
10
20
5
35
25
25
10
5
3
13
10
50
1
10
20
5
3
100
5
10
1
5
10
10
10
122
10
18
6
15
3
10
5
20
10
2
26
2
5
291
$ cts.
1,100 00
100 00
4,000 00
1 , 000 00
1 , 000 00
.iOO 00
1,000 00
500 00
500 00
11,500 00
10,000 00
7,100 00
228,000 00
1,000 00
1,200 00
5.000 00
2,000 00
400 00
800 00
200 00
1,000 00
200 00
200 00
1,000 00
2,000 00
500 00
3,. 500 00
2,500 00
500 00
500 00
2.500 00
1 . 000 00
500 00
300 00
1,300 00
1,000 00
5,000 00
100 CO
1.000 00
2,000 00
500 00
300 00
10,000 00
500 00
1 , 000 00
100 00
500 00
1 , 000 00
1,000 00
1,000 00
12,200 00
1,000 00
1,800 00
600 00
1 , 500 00
300 00
1,000 00
500 00
2.000 00
1,000 00
200 00
2,600 00
200 00
500 00
29, 100 00
cts.
1,100 00
100 00
4,000 00
100 00
100 00
500 00
100 00
50 00
500 00
2,500 00
1,000 00
17,650 00
1,200 00
5,000 00
2,000 00
200 00
800 00
200 00
1,000 00
200 00
200 00
1,000 00
2,000 00
500 00
3,500 00
2.. 500 00
50 00
500 00
2,. 500 00
100 00
50 00
300 00
1 , 300 00
1,000 00
5,000 00
100 00
100 00
1,100 00
300 00
300 00
5,200 00
50 00
100 00
500 00
1,000 00
100 00
1,000 00
7,200 00
1,000 00
1,800 00
600 00
1,500 00
300 00
1,000 00
500 00
1,000 00
600 00
200 00
2,600 00
200 00
500 00
29,100 00
LIST OF SHAREHOLDERS
621
SESSIONAL PAPER No. 8
THE NORTHERN 1.1FE— Concluded
List or Shareholders — Concluded
Name.
Address
No. of
shares
Amount
subscribed
Amount
paid in
cash
Turner, Richard
Walker, Duncan, B.A
Walker, Thaddeus
Walker, John A., K.C
Wallace, CM
Wallace, J. C. (estate)
Walsh Bros
Ward, Elizabeth F
Ward, Wm
Weeks, W.. J., M.D
White, J. H
White, R. S
Wilson, C. R
Wilson, Mathew, K.C
Workman, Mrs. Jane
Wyatt, Wm
Yates, Alice Mary
Yates, Alice Mary (in trust)
Quebec, Que
Peterboro, Ont
Walkerville, Ont —
Chatham, Ont
Ridge town, Ont
Stratford, Ont......
London, Ont
St. John, N.B.'.'.".".;'
Montreal, Que
Ottawa, Ont
Chatham, Ont
St. Catharines, Ont
London, Ont
Montreal, Que
10
20
100
80
25
25
10
5
1
20
5
10
20
25
10
2
3
3
9,170
$ cts.
1,000 00
2,000 00
10,000 00
8,000 00
2,. 500 00
2,500 00
1,000 00
500 00
100 00
2,000 00
500 00
1,000 00
2,000 00
2,500 00
1,000 00
200 00
300 00
300 00
$917,000 00
$ cts.
100 00
2,000 00
5,500 00
8,000 00
250 00
250 00
100 00
500 00
100 00
2,000 00
500 00
100 00
2,000 00
2,500 00
1,000 00
200 00
300 00
300 00
),377 50
622
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
THE SASKATCHEWAN LIFE INSURANCIE COMPANY
List of Directors — (As at January 26, 1921).
Shareholders' Directors — Chas. Willoughby, David Low, M.D., H. O. Powell, Hon. Win. Martin, Cleorgc
H. Barr, K.C., W. T. Mollard, J. W. Sifton, W'm. H. Duncan.
Policyholders' Directors— T. F. Conrod, H. G. Smith, Thos. Lees, A. A. Meneley. ,
List of Shareholders — (As at December 31, 1920).
Name
Address
No. o£
shares
Amount
paid in
cash
Aamodt, H
Adam, J. S
Adams, O. D...
Aitchison, W. S
Allan, F. H
Andrew, G . R
Angott, A. A
Arbuckle, Mrs. F
Arbuckle, G . A
Archer, H. A
Argue, A. W., M.D
Argue, T. H., M.D
Armson, H. V
Arndt, A. F
Arnold, W. C, M.D
Ashley, W. W
Ashton, H. N
Atkinson, G. M
Augerson, E. T
Bailey, R. C
Bairnson, G
Baker, C. W
Baker, G. P., M.D
Baker, M. D., M.D
Ball, A. H
Bannon, S. G
Barr, G. H
Barry, Mrs. M
Barry, W. J
Bartlett, E
Bartsoff, J. A
Bawden, G. P., M.D....
Beale, A. C
Beale, Mrs. Clara T
Bean, S. S
Beattie, T. A
Bebee, J
Bee, T. M
Beer, F. L., M.D
Benn, R. W
Bergland, N. W
Bigham, J. S., M.D
Billings, M. G
Blacklofk, R. F
Blain, Mrs. J. G
Both, F
Bowen, W. E
Bowie, J. A
Bowie, Mrs. A. F
Boyer, A. J
Brandon, R.J
Brenner, O. W., in trust.
Brett, Mrs. E. W
Bright, J. M., in trust. . .
Brightwcll, F. C
Briniacombc, J. K
Broderick, J. M
Brodhacker, Bertha
Brooks, B
Horse Lake, Sask.
Semans, Sask
Winnipeg, Man.. . .
Punnichy, Sask.. . .
Piapot, Sask
Carlyle, Sask
Morse, Sask
Lemberg, Sask —
Areola, Sask
Grenfell, Sask
Windthorst, Sask...
Kisbey, Sask
Maple Creek, Sask..
Regina, Sask
Saskatoon, Sask
San Diego, Cal
Wynot, Sask
Altona.IU
Hazenmore, Sask...
Semans, Sask
Kindersley, Sask —
Duncan, B.C
Melfort, Sask
Regina, Sask
Medicine Hat, Alta.
Regina, Sask
Kisbey, Sask
Medicine Hat, Alta.
Yorkton, Sask
Moose Jaw, Sask. . . .
Fen wood, Sask
Peoria, 111. . . .
Piapot, Sask.,
Regina, Sask.
Brandon, Man..
W'ebb, Sask
Melville, Sask..
Weyburn, Sask.
Lestock, Sask..
Regina, Sask...
Saskatoon, Sask.
Assiniboia, Sask.
Piapot, Sask
Montmartre, Sask. . .
Yellow Grass, Sask.
Cathoy, N.D
Grenfell, Sask
Vantage, Sask
Swift Current, Sask.
Weyburn, Sask
Regina, Sask
Punnichy, Sask
Dubuc, Sask
3
5
10
1
30
25
1
10
10
2
ii
5
10
5
10
o
5
10
25
10
10
10
20
630
10
5
25
10
15
2
•2
15
5
25
10
10
10
5
25
3
10
10
25
1
10
5
10
10
1
10
5
10
10
5
3
$ cts.
20 00
50 00
50 00
30 00
50 00
100 GO
10 00
300 00
250 00
10 00
100 00
100 00
20 00
50 00
50 00
100 00
50 00
100 00
50 00
50 00
100 00
250 00
100 00
100 00
100 00
200 00
(■),.300 00
100 00
50 00
250 00
100 00
150 00
20 00
20 00
150 00
50 00
250 00
100 00
100 00
100 00
50 00
250 00
30 00
100 00
100 00
250 00
10 00
100 00
50 00
100 00
100 00
10 00
100 00
50 00
100 00
100 00
50 00
30 00
50 00
LIST OF SHAREHOLDERS
623
SESSIONAL PAPER No. 8
THE SASKATCHEWAN LITE—Continued.
List op Shareholders — Continued.
Name.
Address.
3. of.
Amount
paid in
cash.
$ cts.
1
10 00
5
50 00
5
50 00
10
100 00
25
2.50 00
20
200 00
50
500 00
5
50 00
20
200 00
10
100 00
1
10 00
15
150 00
3
30 GO
.3
30 00
5
50 00
5
50 00
5
50 00
3
30 00
5
50 00
8
SO 00
10
100 00
10
100 00
5
50 00
5
50 00
2
20 00
10
100 00
15
150 00
5
50 00
20
200 00
5
50 00
1
10 00
10
100 00
10
100 00
10
100 00
5
50 00
1
10 00
5
50 00
10
100 00
5
50 00
5
50 00
10
100 00
10
100 00
50
500 00
3
30 00
1
10 00
10
100 00
1
10 00
10
100 00
20
200 00
10
100 GO
200
2,000 GO
10
100 00
0
50 00
25
250 00
0
50 00
5
50 00
5
50 00
5
50 00
30
300 00
5
50 00
5
50 00
10
100 00
10
100 00
10
100 00
5
50 00
10
100 00
5
50 00
2
20 00
10
100 00
Brown, Mrs. M. E
Brown, M. T
Brown, W. H
Buck, J. E
Buckles, D
Butchart, W. M
Colquhoun, S. M
Campbell, A. L
Campbell, D. A
Campbell, G. E. . . . . .
Campbell, W. A
Campbell, W. A
Carruthers, W. C
Carson, F. S
Caulder, J. A
Cawte, C. J
Chambers, J. R
Chant, O
Chapman, Mrs. M
Chipperfield, S
Christie, J. W
Clarke, CM
Clark, D. S
Clarke, J. F., in trust.
Clarke, H. W
Clark, J. O
Clave, J
Cleverley, J
Colclough, T. A
Colling, T. F
Conrod, G. F
Cook, R. A. M.. M.D
Copeland, J. C
Capling, B
Corbie, J. A
Cordes, Rev. J
Cox, C. G., M.D
Creba, W . .
Creba, W.. in trust. . .
Creelman, S. M
Crerar, P
Crew, H. A
Cros?, J. A
Crowe, R. M
Crowe, R. M., Jr
Cruise, G. A
Cumberland, A
Gumming, L.J
Cunningham, W. T. . .
Curtis, B. F
Darke, F.N
Davies, W
Dawson, F. B., M.D.
Deacon, J. T
Dempsev, S
Devine, P. E
Dick, M
Diefenbaker, E. L
Dimmock Bros
Donahue, J. S
Donahoe, Florence. . .
Donald, R. F. B
Douglas, N. B
Douglas, W. A
Downing, L. E., M.D
Draper, F. C
Drayson, R
Drew, W. D
Duke, J. R
Loverna, Sask
Gravelbourg, Sask..
Loverna, Sask
Simpson, Sask
Swift Current, Sask.
Kerrobert, Sask
Maple Creek, Sask..
Swift Current, Sask.
Herbert, Sask
Monitor, Alta
Francis, Sask
Sceptre, Sask
Winnipeg, Man
Ituna, Sask
Moose Jaw, Sask
Winnipeg, Man
Colonsay, Sask
Regina, Sask
Moose Jaw, Sask
Hubbard, Sask
Yorkton, Sask
Regina, Sask
Windthorst, Sask. . .
Regina, Sask
Maple Creek, Sask..
Govan, Sask
Ladstock, Sask
Earl Grey, Sask.. . .
Regina, Sask
Francis, Sask
Regina, Sask
Calgary, Alta
Glenavon, Sask
Yorkton, Sask."
Vancouver, B.C
Windthorst, Sask
Humboldt, Sask
Maple Creek, Sask. .
Wynyard, Sask. . . .
Govan, Sask
Wawota, Sask
Regina, Sask
Windthorst, Sask..
Regina, Sask
Saskatoon, Sask. . .
Maple Creek, Sask .
Yorkton, Sask
Moose Jaw, Sask . . .
Zealandia, Sask. . . .
Regina, SasK
Harnett, Sask
Maple Creek, Sask
Regina, Sask
Broadview, Sask. . .
Kipling, Sask
Sovereign, Sask
Kerrobert, Sask. . .
Dimmock, Sask. . .
Regina, Sask
Souris, P.E.I
Esterhazy, Sask. . .
Rosetown, Sask
Maple Creek, Sask.
Lanigan, Sask
Yorkton, Sask
Griffin, Sask
Lestock, Sask
Bethune, Sask
624
DEFARTMEyr OF IXSURANCE
11 GEORGE V, A. 1921
THE SASKATCHEWAN LIFE— Continued
List of Shareholders — Continued
Name
Address
No. of
shares
Duncan, J
Duncan, J. M
Duncan, \V . H
Dundas, J
Dunn, J. T. H
Dunn, \V. F
Dykes, E. A
Eaglesham, H. E., M.D
Edgelow, A
Eggelton, W. F
Eland, Flexman, S. D. E., in trust.
Elliott, J
Elliott, T
Ellis, F. J., M.D
Erickson, C. T
Etter, W.H
Fansher, W. R
Farrish, G
Fawcett, E. C
Fee, Edward
Fee, W
Fee, W. J. M
Ferguson, Mrs. M
Finley, J. V
Fodey , J
Fogarty, T.P
Foik, H.J
Forbes, \V. A
Forcier, L. J
Fowler, F. C
Fowlie, E. A., in trust
Fox, Miss R. K
Franzen, J. J
Fulton, A. G
Furber, C
Fvffe, J. W
Fyke, Miss E. B
Fyke, E. C
Fyke, Miss E. F
Fysh, O.B
Gardner, E
Gardner, E. A
Garr>%T. H
Garvin, C. T
Gavin, W. F., M.D
Gentles, R. F
Gerrand, E. W
Gibson, A. S
Gibson, J. M
Gillespie, Miss M. C
Gillespie & Knight
Gilbert, A
Gilmour, G
Glover, E. A
Goldie, G.J
Gore, F
Gordon, F.M....-
Gordon, Mrs. Phoebe L
Gordon, R. D. S
Gordon, W.V
Gott, J. H
Goudie, W. C
Gould, G. S
Gracie, J. A
Graham, C. C., in trust
Granning, H
Grant, H. C
Gray, J. W
Gropp, Eileen H
Regina, Sask.
Francis, Sask
Miniota, Man
Moose Jaw, Sask.
Kindersley, Sask.
Weyburn, Sask. . .
Mazenod, Sask. . .
Semans, Sask
Regina, Sask
Yorkton, Sask..
Stalwart, Sask..
Govan, Sask
Semans, Sask. . .
Winnipeg, Man. .
Punnichy, Sask.
Cross, Sask
Loverna, Sask
Regina, Sask
Saskatoon, Sask. . . .
Humboldt, Sask. . . .
Grand Coulee, Sask.
Gravelbourg, Sask . .
Woodroffe, Ont
Gull Lake, Sask. . . .
Yorkton, Sask
Regina, Sask
Vancouver, B.C
Bengough, Sask
Qu'Appelle, Sask —
Sceptre, Sask
Moose Jaw, Sask
Humboldt, Sask
Regina, Sask
Yorkton, Sask
Melville, Sask
Morse, Sask
Kelliher, Sask
Melville, Sask
Piapot, Sask
Saltcoats, Sask
Punnichy, Sask
Medicine Hat, Alta.
Regina, Sask
Piapot, Sask
Cabri, Sask
Kipling, Sask
Webb, Sask
Radisson, Sask
Lumsden, Sask
Winnipeg, Man
Vancouver Island, B.C.
Moose Jaw, Sask
Francis, Sask
Sceptre, Sask
Regina, Sask
Vancouver, B.C
Sceptre, Sask
Ladstock, Sask
Webb, Sask
100
20
500
15
20
10
10
10
5
30
5
75
100
10
25
20
10
5
5
15
50
15
20
15
5
10
5
20
10
5
5
5
10
10
5
10
2
15
2
5
5
5
15
10
1
5
10
3
15
15
10
10
10
5
10
5
10
20
5
10
15
2
5
15
10
5
15
10
5
LIST OF SHAREHOLDERS
625
SESSIONAL PAPER No. 8
THE SASKATCHEWAN LIFE— Continued.
List of Shareholders — Continued.
Name.
Address.
No. of
shares.
Amount
paid in
cash.
$ cts.
100
1,000 00
5
50 00
5
50 00
50
500 00
10
100 00
10
100 00
5
50 00
5
50 00
1
10 00
30
300 00
5
50 00
10
100 00
10
100 00
10
100 00
10
100 00
25
250 00
3
30 00
10
100 00
5
50 00
5
50 00
15
150 00
5
50 00
20
200 00
10
100 00
10
100 00
30
300 00
10
100 00
2
20 00
5
50 00
20
200 00
10
100 00
2
20 00
3
30 00
20
200 00
10
100 00
15
150 00
0
50 00
2
20 00
10
100 00
10
100 00
5
50 00
1
10 00
50
500 00
3
30 00
10
100 00
10
100 00
10
100 00
2
20 00
10
100 00
5
50 00
10
100 00
10
100 00
20
200 00
5
50 00
5
50 00
10
100 00
50
500 00
100
1,000 00
25
250 00
15
150 00
10
100 00
10
100 00
50
500 00
10
100 00
10
100 00
5
50 00
Grassick, J
Gravel, L. P
Gravel, M., M.D
Greeley, H. A
Gunn, J. J
Gutzmer, W
Hackett, G. H...
Hahn, J. H
Haight, J. T
Hall, A
Hall, A. A
Hall, Jas
Hall, Mrs. H. W
Hall, W., intrust
Hamelin, J. J., M.D
Hamilton, \V
Hancock, Mrs. W
Hangartner, J. H
Harper, L. A
Harris, Mrs. D. T
Hart, G
Harvey, Mrs. E
Harvey, H
Harvey, J
Hassett, G. W. B
Hawkes, J. H
Hawkes, M. S
Havward, V. A
Heal, H. F
Heasman, W. H
Hedlev, H. D
Hellekson, A.J
Hellekson, Mrs. M
Henry, C. M., M.D
Hepburn, W.J
Herron, J. P
Hesla,M. S
Hestrin, M
Hill, E. G
HiUiard, H. C
Hinman, B. W
Hobson, O. E
Holden, B. F
Holton, H. H
Hood, J
Hopkins, G. L
Home, J
Horwood, R. J
Howie, J. R
Huelsman, O. W
Hume, E. W
Hutcheson, J. C
Ireland, Miss L
Irvine, C
Irvine, Mrs. M
Irving, R. W., M.D
Jackson, C
Jackson, C., in trust
Jackson, W., in trust
Johnson, G. E
Johnston, A. J., in trust.
Jolly, J. W., in trust
Jones, S. H
Jones, Mrs. Elizabeth. . .
Keenan, J .*.
Kellock, Rev. D
Regina, Sask
Gravelbourg, Sask.
Calgary, Alta
Wilkie, Sask
Prince Albert, Sask.
Calgary, Alta
Kindersley, Sask
Swift Current, Sask.
Wynot, Sask
Regina, Sask
Wynot, Sask.
North Battleford, Sask.
Semans, Sask
SkibVjereen, Sask
Semans, Sask
Belle Plaine, Sask
Davin, Sask
Punnichy, Sask
Gull Lake, Sask
Kamsack, Sask
Regina, Sask
Maple Creek, Sask
Regina, Sask
Melfort, Sask
Webb, Sask
Cabri, Sask
Moose Jaw, Sask
Swift Current, Sask.
Long Beach, Cal —
Dilke, Sask
Maple Creek, Sask..
Grand Coulee, Sask.
Ituna, Sask
Melfort, Sask. . . .^
Regina, Sask — '. . . .
McLean, Sask
Regina, Sask
Indian Head, Sask..
Sceptre, Sask
Scotland
Regina, Sask
Lemberg, Sask
Areola, Sask
Saskatoon, Sask. . . .
Chicago. Ill
Outlook, Sask
Kindersley, Sask —
Dauphin, Man
Webb, Sask
Kamloops, B.C.
Regina, Sask —
Weyburn, Sask —
Lemberg, Sask —
Regina, Sask
Lemberg, Sask —
Regina, Sask
Winnipeg, Man.. . .
Montreal, Que
Minneapolis, Minn.
8—40*
626
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
THE SASKATCHEWAN LIFE— Continued.
List of Shareholders — Continued.
Name.
Address.
) of
Amount
paid in
cash.
% cts.
50
500 00
10
100 00
o
50 00
0
50 00
10
100 00
10
100 00
10
100 00
.5
50 00
10
100 00
10
100 00
10
100 00
10
100 00
10
100 00
10
100 00
20
200 00
2
20 00
2
20 00
5
50 00
1
10 00
10
100 00
7
70 00
10
100 00
•60
300 00
10
100 00
5
50 00
20
200 00
10
100 00
50
500 00
1
10 00
10
100 00
5
50 00
10
100 00
10
100 00
1
10 00
10
100 00
10
100 00
1
10 00
1
10 00
10
100 00
30
300 00
553
5,530 00
10
100 00
10
100 00
10
100 00
2
20 00
1
10 00
10
100 00
4
40 00
5
50 00
5
50 00
15
150 00
10
100 00
5
50 00
5
50 00
100
1,000 00
5
50 00
10
100 00
10
100 00
1
10 00
1
10 00
5
50 00
70
700 GO
35
350 GO
5
50 GO
o
50 00
1
10 GO
2
20 00
1
10 GO
Kempthorne, S. T
Kennedy, D.J
Kenyon, Mrs. S
Kenyon, W
Kidd. E. L
King, Thos
King, C. C
King, W. G
Kinncard , W
Kippan, D.J
Kirkaldie, W. H
Klerkner, P
Knoke, H. E., M.D
Knox, D. I
Kollman, J. A
Kommes, L. P
Kommes, R. C
Krook, G. A. B
Kydd, A
Lang, Mrs. E. C
Lar.son, J
Latimer, W. R
Lauder, J
La Zerte, M. E
Lazonby , Mrs. E. G
Leavens, F. S
. Lecky , A. R
Lees, Miss Mary H
Lefebvre, A
Lemon, M. P
Lercher, H., estate, executors of the.
Lillis, M
Lindsay, H. R., M.D
Lines, Florence M
Livingstone, D. R., M.D
Lockerbie, A. E
Lockerbie, Mrs. N. P
Loney, J. S
Lord, J. W., M.D
Lougheed, M. A
Low, D., M.D ;....
Low, J
Low, Mrs. M. E
Lundie, Rev. S
Lyle, H. K
L5'tle, R. S
MacDonald, W. H., M.D
!MacDonald, W. H., in trust
MacEachern, E. G. D
MacQuarrie, H
^laguire. Miss M. F
Mailander, W . P
Marks, O. C
Marshall, T. G
Martin, W. M
Maskel, G
Jiawhinney, Miss C. J
Mawhinney, J
Meek, L
Meek, S. H
Meldrum, W. B
Meneley, Mrs. E.J
Mergens, J
Merriman, Bertha K
Metheral, P. E
Metz, A. M
Mctz, Mrs. E
Metz, John P
Grandora, Sask.
Vernon, Ont
Ituna, Sask
Foam Lake, Sask...
Saskatoon, Sask
Kindersley, Sask —
Rosetown, Sask
Lumsden, Sask
Govan, Sask
Swift Current, Sask.
Vibank, Sask
Lemberg, Sask
Regina, Sask
Plenty wood, Mont. .
Regina, Sask
Wolseley, Sask
Leader, Sask
Medicine Hat, Alta.
Punnichj', Sask
Battleford, Sask
Craven, Sask
Bassano, Alta
Santa Rosa, Fla
Maple Creek, Sask..
Herschel, Sask
Kisbey, Sask
Barrier Lake, Sask..
Strasbourg, Sask —
Melville, Sask
Broadview, Sask
Yorkton, Sask
S-R"ift Current, Sask.
Melville, Sask
Kinderslej', Sask —
Kindersley, Sask...
Gull Lake, Sask
Kindersley, Sask....
Outlook, Sask
Regina, Sask
Swift Current, Sask.
Regina, Sask
Qu'Appelle, Sask
Kelliher , Sask
Balgonie, Sask
Medicine Hat, Alta..
Regina, Sask
Skibbereen, Sask
Brooklyn. N.Y
Regina, Sask
Stoughton, Sask
Semans, Sask
Regina, Sask
Stookolm, Sask
Swift Current, Sask.
Swift Current, Sask.
Blackwood, Sask —
Regina, Sask
Maple Creek, Sask.
Weyburn, Sask
Punnichy, Sask
Weyburn, Sask
Regina, Sask
LIST OF SHAREHOLDERS
627
SESSIONAL PAPER No. 8
THE SASKATCHEWAN LIFE— Continued.
List of Shareholders — Continued.
Name.
Address.
.of
Amount
paid in
cash.
$ cts.
5
50 00
1
10 00
5
50 00
2
20 00
10
100 00
10
100 00
10
100 GO
20
200 00
10
100 00
15
150 00
10
100 00
3.5
350 00
5
50 00
700
7,000 00
5
50 00
10
100 00
10
100 00
5
50 00
10
100 00
5
50 00
10
100 00
12
120 00
5
50 00
5
50 00
25
250 00
5
50 00
10
100 00
25
250 00
10
100 00
1
10 00
10
100 00
15
150 00
2
20 00
5
50 00
10
100 00
5
50 00
3
30 00
2
20 00
5
50 00
15
150 00
5
50 00
3
30 00
3
30 00
10
100 00
3
30 00
10
100 00
20
200 00
10
100 Oo
3
30 00
25
250 Co
50
500 00
5
50 Oo
10
100 Oo
1
10 00
10
100 Oo
10
100 Oo
3
30 Oo
1
10 Oo
5
50 Oo
25
250 Oo
10
100 Oo
10
100 Oo
50
500 Oo
5
50 Oo
5
50 Oo
M.J.
Metz, J. P..
Metz, M. J.
Middleton, Mrs.
Miller, A
Miller, J. H
Miller, J. C
Miller, Mrs. M. A
Milligan, Catherine D
Milligan, Catherine D., in trust.
Milne, G
Moberley, H. K
Moffatt, F. B
Mollard, H. M
MoUard, W. T
Moody, Mrs. M. V
Moore, E. E
Moore, F. H., M.D
Moore, H. E., M.D
Moote,-A. S
Morgan, G. A
Morris, W.J
Morrison, T. G., in trust
Mulligan, F.J
Munns, W . A
Murphy, P
Musselman, T. T
McArthur, Mrs. H. D
McBride, J. A
McCaw, J. W
McCombie, O. S
McCrea, B
McDonald, A. C
McDonald, H. A., M. D
McDougald, A. D
McDougald, W
McDougall, N. C ;
McEwen, Mrs. C. E
McGillivray, H
McGillivroy, F. A
McGrath, F.J
McGregor, A. W
Mclnnis, A. The Estate of
Mclnnis, J. D
McKenzie, J. T. M.D
McKenzie, R
McKenzie, R
McKim, L. T
McKim, C
McKinnon, Rev. M. A
McKinnon, N. D
McLean, A
McLean, C. C
McLean, C. C, V.S
McLean, G. W
McLean, H
McLelland, T
McMillan, F. W
McMiUen, M. R
McPherson, G. W
McRae, J. K
McTavish. A
Neville, J. D., M.D
Nichol, J. W
Nichol, O. L
Nickle, M. A., M.D
Regina, Sask
London, Eng
Webb, Sask
Piapot, Sask
Webb, Sask
Fishing Lake, Sask.
tt it
Semans, Sask
Yorkton, Sask
Weyburn, Sask
Fairy Hill, Sask
Regina, Sask
Stalwart, Sask
Sceptre, Sask
Kerrobert, Sask
Webb, Sask
Swift Current, Sask.
Marengo, Sask
Edmonton, Alta
Ituna, Sask
Semans, Sask
Moose Jaw, Sask
Rose town, Sask
Detroit, Mich
Swift Current, Sask,
Weyburn, Sask
Balgonie, Sask
Winnipeg, Man
South Bulkley, B.C
Webb, Sask
Strathcona, Alta
Melbourne, Ont
Rosetown, Sask
Minnedosa, Man
Togo, Sask
Pwise, Sask
Wolseley, Sask
Webb, Sask
Regina, Sask
Pilot Butte, Sask.'.'.'
Vancouver, B.C
Lestock, Sask
Stoughton, Sask
Melville, Sask
Battleford, Sask —
Regina, Sask
Weyburn, Sask
Tompkins, Sask
Aneroid, Sask
Stoughton, Sask —
Craik, Sask
Yellow Grass, Sask
Weyburn, Sask
Consul, Sask
Briercrest, Sask
Richmound, Sask..,
Broderick, Sask —
Sydney, Australia..
Kerrobert, Sask
Tomipkins, Sask
Melleville, Sask
Weyburn, Sask ,
628
DEPARTMEST OF IXSVRANCE
11 GEORGE V, A. 1921
THE SASKATCHEWAN LIFE— Continued.
List of Shabeholders — Continued.
Name.
North. J. R. S
O'Connell, J
Ogden, J. E
Orguerre, H. D
O'Rourke, J. E
Painter, R. F
Paling, \V. S., in trust
Palmer, Mrs. A. F
Palmer, W. L
Parmitter, Dora
Partington, \V
Paterson, D
Patrick, J. A. M
Patterson, T
Paul, W. A
Peters, C. J
Phillips, C. E
Pickel, S. G
Pinkerton, W . A
Pope, C. S
Pope, J. C
Porter, Rev. R. D
Powell, H. O
Powley, H. C
Pruden, G
Pruden, G. G
Pruden, Mrs. J
Puntin, J. H
Ramsey, G. H., M.D
Redford, A. G
Read, A
Reid, H.A., L., M.D
Reid, Mrs. L
Ruesch, Mrs. A., Executors estate of.
Rice, J. H
Rice, J. H., in trust
Richard, C. A
Richards, S. R
Richardson, Mrs. L
Riddell, F. \V
Riddell, Geo
Riddell, Miss I
Roadhouse, R
Robb, A. L
Roberts, D. M
Robertson, J. D
Robinson, Clarissa
Robinson, S. B
Robinson, W. B
Robinson, W. G
Robinson, W. J
Robinson, W. J., in trust
Robson, M
Rooke, G . C
Ross, R. M
Rourke, Mrs. M. E
Rush, F
Russell, R
Rutherford, E
Sager, H. B
Sampson, H. E
Sand, J. H
Saucier, J. T. O., M.D
Schmidt, M
Schofield, C.J
Schrader, L. J
Scott, A
Scott, E. G
Scott, Wm
Address.
Qu'Appelle, Sask.,
Lemberg, Sask —
Morse, Sask
Kindersley, Sask.
Winnipeg, Man
Togo, Sask
Lestock, Sask
Regina, Sask
Raymore, Sask. . . .
Sceptre, Sask
Maple Creek, Sask.
Yorkton, Sask
Govan, Sask
Odessa, Sask
Kindersley, Sask
North Battleford, Sask.
Semans, Sask
Perth, Ont
Regina, Sask
Chemainus, B.C
Weyburn, Sask
Waldeck, Sask
Pruden, Sask '
Regina, Sask
Moose Jaw Sask
Goodeve, Sask
Kerrobert, Sask
Prince Albert, Sask.
Swift Current, Sask.
Moosomin, Sask
Weyburn, Sask
Swift Current, Sask.
Cadillac, Sask
Kindersley, Sask —
Regina, Sask
Carlyle, Sask
Regina, Sask
Sceptre, Sask
Estuary, Sask
Regina, Sask
Canora, Sask
Punnichy, Sask
Hanna, Alta
Punnich5% Sask
Francis, Sask
Harnett, Sask
Kerrisdale, B.C.
Regina, Sask
Swift Current, Sask.
Sceptre, Sask
Ladstock, Sask
Cjaik, Sask
Robinson, 111
Regina, Sask
Gull Lake, Sask ....
Punnichy, Sask
Sceptre, Sask
Beverly, Sask
Swift Current, Sask.
Piapot, Sask
Winnipeg, Man
iltuna, Sask
No. of
shares.
25
25
2
10
5
5
2
5
10
10
15
10
50
10
10
2
10
5
5
1
10
10
50
25
10
10
10
5
20
2
10
10
100
5
25
8
1
10
10
2
10
3
15
15
2
10
6
10
4
5
15
10
10
5
5
10
5
10
5
3
200
1
5
25
15
10
10
5
30
LIST OF SHAREHOLDERS
629
SESSIONAL PAPER No. 8
THE SASKATCHEWAN LIFE— Continued.
List of Shareholders — Continued.
Name.
Address.
of
Amount
paid in
cash.
$ cts.
10
100 00
15
150 00
10
100 00
25
250 00
25
250 00
2
20 OO
1
10 OO
50
500 00
5
50 00
50
500 00
30
300 00
30
300 00
1
10 00
3
30 00
5
50 00
1
10 00
25
250 00
10
100 00
5
50 00
25
250 00
1
10 00
10
100 00
10
100 00
5
50 00
1
10 00
10
100 00
25
250 00
5
50 00
b
50 00
5
50 00
10
100 00
20
200 00
5
50 00
10
100 00
10
100 00
25
250 00
1
10 00
10
100 00
5
50 00
5
50 00
10
100 00
10
100 00
50
500 00
5
50 00
10
100 00
5
50 00
10
100 00
10
100 00
10
100 00
25
250 00
5
.50 00
5
50 00
10
100 00
3
30 00
2
20 00
5
50 00
15
150 00
10
100 00
5
50 00
25
250 00
10
100 00
5
50 00
20
200 00
10
100 00
5
50 00
5
50 00
5
50 00
10
100 00
Scovill, S.J
Scully, J. G
Sedgewick, W. K. P
Sharp, W.J
Sharp, W . J., in trust
Siaud, L
Sibbald,0. G
Sifton, J. W
Simpson, J
Sims, H.J
Slater, J
Sloman, F
Sly, C
Smith, Mrs. E. M
Smith, J. H
Smyth, W. C
Snider, A. W
Somerville, F
Sparks, A. B
Speirs, J., in trust
Spence, J. H ,
Spice, R. C
Spittle, Mrs. A. M
Springstein, C. B
Staigh, A. A
Statt, Mrs.f Elizabeth
Stavely, H. A
Steele, R. G
Steenson, L. I
Steiner, J
Stephen, W. G
Stephens, F
Stephens, Henry M., M.D
Stewart, E. G
Stewart, D
Stewart, J ,
Stewart, J. D
Stewart, J. D
Stewart, J. T
Stewart, H. A., M.D
Stewart, P.D., M.D
Stillborn, J
Stillman, H. A
Stowell, R. W
Streib, Mrs. C
Sullivan, J. G
Sutherland, D. H
Sweet, W. C
Tait, A
Tate, W. M
Taylor, G. W ,...
Taylor, H. M
Taylor, P. R
Tetreau, Mrs. E.J
Tetreau, J. E
Thistle, M. H
Thomson, G. C
Thomson, R
Thompson, W. F
Thorne, A. E
Tonjum, H. O
Toomer, W. H
Topper, A
Travis, C. O. A
Tripp, L. E
Tubman, C.V
Tubman, D. M
Twohig, R.J
Bethune, Sask
Semans, Sask.
Areola, Sask..'
Maple Creek, Sask. . .
Forget, Sask
Stoughton, Sask
Moose Jaw, Sask
Tyvan, Sask
Assiniboia, Sask
Bethune, Sask
Webb, Sask
Winnipeg, Man
Regina, Sask
Kisbey, Sask
Swift Current, Sask..
Regina, Sask
Heward, Sask
Dimmock, Sask
Lancer, Sask
Yorkton, Sask
Regira, Sask
Regina, Sask
Ituna, Sask
Regina, Sask
Weyburn, Sask
Lestock, Sask
Semans, Sask
Transcona, Man
Vancouver, B.C
Nutana, Sask
Regina, Sask
Kindersley, Sask
Maple Creek, Sask.. .
Manor, Sask
Areola, Sask
Stewart Valley, Sask
Saskatoon, Sask
Lemberg, Sask
Gravelbourg, Sask...
Gadsby, Alta
Francis, Sask
Kisbey, Sask
Canora, Sask
Yellow Grass, Sask. .
Semans, Sask
Lemberg, Sask
Alsask, Sask
Winnipeg, Man
Bethune, Sask
Gull Lake, Sask
Rocanville, SasK
Swift Current, Sask..
Kindersley, Sask
Regina, Sask
Toronto, Ont
Herbert, Sask
Odessa, Sask
Melville, Sask
Govan, Sask
Kelowna, B.C
Sintaluta, Sask
Moosomin, Sask
Strasbourg, Sask
630
DEPARTMENT OF IN'SURANCE
11 GEORGE V, A. 1921
THE SASKATCHEWAN LIFK-Concl'tded.
List of Shareholders — Concluded.
Name.
Address.
No. of
shares.
Amount
paid in
cash.
$ cts.
3
30 00
20
200 00
5
50 00
10
100 00
10
100 00
30
300 00
5
50 00
5
50 00
1.5
150 00
10
100 00
5
.50 00
10
100 00
15
150 00
10
100 00
50
500 00
10
100 00
3
30 00
10
100 00
5
50 00
10
100 00
0
50 00
500 ■
5,000 00
70
700 00
60
600 00
60
600 00
5
50 00
15
150 00
20
200 00
5
.50 00
10
100 00
5
50 00
10
100 00
0
20 00
10
100 00
10,000
S 100,000 00
Urquhart, R. J
Vesey, E. M., M.D
Vidal. J. A
Wasson, J. H
Waterhouse, J. A
Watkins, G
Webster, Frank A
Wedderspoon, D
Weir, W
Wellman, E., in trust
Wells, C
Welsh, W.T.O., M.D
Westbrook, Mrs. L. E
Westwood, W. A
Whitlam, J. T
Wilkie, N
Williams, Caroline
Williams, D. S
Williams, J
W'illiams, M
Williams, Sarah
Willoughby, C
Willoughby, C, in trust for C.R.M. W'illoughby
Willoughby, C., in trust for Isabel R. Willoughby
Willoughby, C, in trust for Eleanor E. Wil-
loughby
Wilson, A. A
Wilson, W. A
Windsor, S
AVing, D. H
Winterstein, V. J
Woodhouse, F
Yingst, L. E
Yingst, L. E., in trust
Young,.!. T
Sceptre, Sask
Canora, Sask
Hubbard, Sask
Imperial, Sask
Cereal, Alta
Victoria, B.C
Gloucester, Eng
Yorkton, Sask
Regina, Sask
Blackio, Alta
Gravelbourg, Sask
Expanse, Sask
Rouleau, Sask
Humboldt, Sask...
Sceptre, Sask
Cottonwood, Sask.
Punnichj', Sask
Areola, Sask
Ituna, Sask
Punnichy, Sask
Ituna, Sask
Regina, Sask
((
tc
Dundurn, Sask
Kamsack, Sask
Chicago, 111 ,
Markham, Ont
Winnipeg, Man.. . .
Regina, Sask
Cabri, Sask
LIST OF SHAREHOLDERS
631
SESSIONAL PAPER No. 8
LA SAUVEGARDE LIFE INSURANCE COMPANY.
List of Directors — (As at February 28, 1921).
Shareholders' Directors — M. G. N. Ducharme, President; Hon. N. Perodeau, N.P., 1st Vice-President;
M. Tancrede Bienvenu, 2nd Vice-President; Hon. Sir H. Laporte, Hon. N. A. Belcourt, C.R., M. J. N.
Cabana, M. E. H. Solis, M. C. E. Taschereau, N.P.
Policyholders' Directors — M. P. Beullac, C.R.; M. J. E. Lemire, N.P.; M. Armand Boisseau, N.P.-
M. Donat Martel, N.P.
List of Shareholders — (As at December 31, 1920).
Name.
Address.
No. of
shares.
Amount
subscribed.
Amount
paid in
cash.
AUard, Albert
AUard, Mgr. J. C
Allard, Rfev. T. J
Angers, Chas. C. R
Archambault, Hon. Ad
Archambault, G. A., N.P
Archambault, Jos
Archambault, UrgMe, M.D
Arsenault, Mgr. J. C
Asselin, O
Aubry, E. S., M.D
Aubry, F. F
Aubry, H., M.D
Auclair, Ida, ep. Avila Gareau..,
Audet, A. A ,
Aumont, R
Ball, Geo
Banque Provinciale ,
Barrette, F ,
Barette, J. A., N.P ,
Barrette, P., M.D
Baribault, Rev. CO ,
Beauchamp, M. le Chanoine F. P.
Beauchamp, I'abbe J. A
Beauchemin, L.J. O
Beauchemin, Marie Eva, Mile
Beaudet, M. rabb6 Alph
Beaudet, J. E., M.D
Beaudet, J. Eug
Beaudin, Hon. S., Succ
Beaudoin, Frs
Beaudry, M. I'abbg, J. H
Beaulieu, A. H
Baulne, M. H., M.D
Beaupre, N
Beaupre, P. E. U
Beauregard, D. A., Ptre
Beauregard, J. M., I'abb^
Bedard, Geo. E., M.D
Bedard, J. E., C.R
Bedard, P. H., M.D
Begin, J. A., N.P
Begin, Octavie, Mile
B6ique, Hon. F. L., C.R
Beland, Hon. H. S., M.D
Belanger, A. O
B61anger, D. D., I'abbe
B§langer, G
Belanger, J. A., Mgr
B61anger, Rev. J. A., Ptre
Belanger, J. B. A., Rev., Succ —
Belanger, J. V. E
Belanger, L., N.P
Belanger, Th6o
Belcourt, O. E., M.D
Belcourt, Hon. N. A., C.R
Ottawa, Ont ,
Ste. Martine
Chdteauguay ,
Quebec ,
Woonsocket, R.I ,
Ste. Julienne ,
St. Henri deMascouehe.
Hull
Archeveche de Quebec .
Montreal
HuU
Monte-Bello
Montreal
St. Polycarpe
Montreal
Hull
St. Barthelemi
Montreal
St. Severin de Proulx-
ville
Pointe Gatineau
St. Bruno de Guigues. . . .
Montreal
Shawinigan Falls
St. Pascal
St. Jean Deschaillons
Thetford Mines
Montreal
Sully
St. Simon
Ste. Elizabeth
Cheneville
l^amaska
Montreal
Ste. Rose du Lac, Man.. .
Waterloo
St. Remi
Village Beauport
Quebec
Quebec
Valcourt
Montreal
St. Joseph de Beauce
Pointe Fortune
Fournierville, Ont
Montreal
St. Andr6 Avelin
Sandy Bay
Baltic, Conn., E.-U.
Montreal
Valleyfield
Laflfeche, Sask
Ottawa, Ont
10
5
5
10
20
10
10
10
5
2
51
40
20
1
20
2
5
50
20
25
10
5
10
1
20
1
50
2
10
35
4
7
10
10
5
2
5
1
20
20
20
5
276
3
10
2
3
2
5
3
5
10
18
2
100
$ cts,
1,000 00
500 00
500 00
1,000 00
2,000 00
1,000 00
1,000 00
1,000 00
500 00
200 00
5,100 00
4,000 00
2,000 00
100 00
2,000 00
200 00
500 00
5,000 00
2,000 00
2,500 00
1,000 00
500 00
1,000 00
100 00
2,000 00
100 00
5,000 00
200 00
1,000 00
3,500 00
400 00
700 00
1,000 00
1,000 00
500 00
200 00
500 00
100 00
500 00
2,000 00
2,000 00
2,000 00
500 00
27,600 00
300 00
1,000 00
200 00
300 00
200 00
500 00
300 00
500 00
1,000 00
1,800 00
200 00
10,000 00
$ cts.
150 00
75 00
75 00
150 00
300 00
150 00
150 00
150 00
75 00
30 00
765 00
600 00
300 00
15 00
300 00
30 00
75 00
750 00
300 00
375 00
150 00
75 00
1.50 00
15 00
300 00
15 00
750 00
30 00
150 00
525 00
60 00
105 00
150 00
1.50 00
75 00
30 00
75 00
15 00
75 00
300 00
300 00
300 00
75 00
4,140 00
45 00
150 00
30 00
45 00
30 00
75 00
45 00
75 00
150 00
270 00
30 00
1,500 00
632
DEI'ARTMEyT OF IXSCRAXCE
LA SAUVEGARDE— Continued.
List or Shareholders — Continued.
11 GEORGE V. A. 1921
Name.
Address.
No. of
shares.
Amount
subscribed.
Amount
paid in
cash.
B61i.sle, H. A
Belisle, Rev. H. S
Beliveau, Mgr. Arthur.
Beliveau, A., M.D
Belleau, E. T., M.D
Belleau, Hon. Isidore
Bellemare, J. E., Rev
Bellemare, M. I'abbe, P. A. A
Benoit, M. TabVje, Arsene..'
Benoit,E.P.,M.D
Berard, Jos. B
Bernard, A. A., M.D
Bernard, M. l'abb§ J. C
Bernier, J. E
Bernier, J. E., M.D
Bernier, J. H., Hon
Bernier, M. Tabbe J. O
Bertrand, M
Bertrand, Theo
Berube, L. .J., N.P
Berube, J. P. L
Berube, P.J
Bessette, Wilfrid
Bienvenu, T
Bigras, G
Billette, Rev. Art
Bissonnette, A. E. J., Av
Blais, Alphonse
Blanchard, M. I'abbe J. C., Succ —
Blondin, N. I'abbe A
Blondin, Maurice
Blondin, Dame V.P
Boisseau, Rev. Albert
Boisseau, F. X. A., N.P
Bonhomme, Mile. E
Bonhomme, Jos
Bonhomme, T
Bonin, M. I'abbe L. F
Bonin, Paphnuce
Bonneau, Treffle
Bordeleau, M. I'abbe D
Boucher, S., M.D
Boulanger, Emile
Boulanger, J. Elzear
Boulay, M. le Chanoine F
Boulet, J. S
Boulet, Rod., M.D
Bourassa, Mile. Adine
Bourassa, Henri
Bourassa, H., ep. Hector Chauvin.
Bourassa, Jos. A
Bourassa, J. A. N
Bourassa, Melle M.J. A
Bourassa, M. i'abbe Ph
Bourdon, O
Bourgeois, Geo. M.D
Bciurque, J
Boyer, Gustave
Brassard, A., M.D
Brodeur, M. I'abb^ J. C. C
Brodeur, Hon. L. P
Brodeur, S. A
Brossoit, Numa E., Av
Brousseau, F. J
Ste. Agathe
St. Jude
Archeveche de St. Boni-
face, Man
Drummondville
Arthabaska
Quebec
Nicolet
Batiscan
Ste. Ang^le de Monnoir
Montreal
Sorel
Montreal
Beauceville
Winnipeg, Man
Vaicourt
Masham Mills
St. Boniface, Man.. . . ,
Ste. Anne de la Pocatiere
Montreal
St. Pascal
Montreal
Ste. Scholastique.
Valleyfield
Montreal
Thetford Mines. . .
Ste. Victoire
Ste. Monique
Becancourt
St. Scholastique
St. Hyacinthe
Longueuil
Montreal
Papineauville
St. Roch del'Achigan.
Ste. ElizaVjeth
Willow Bunch, Sask...
lie Dupas
Montreal
Montmagny
Louiseville.
Joliette. ...
Montreal . . .
Shawinigan Falls.
Valleyfield
Montreal
St. David
Montreal
Trois-Rivirees. . . .
Hull
Rigaud
Valleyfield
Montreal
Ottawa, Ont
Valleyfield
Sault an Rceollet.
5
1
20
1
2
10
1
3
5
20
10
10
5
20
2
5
20
10
1
20
10
287
10
2
2
10
1
1
5
5
10
10
10
271
10
5
20
20
15
2
20
40
5
25
30
30
12
10
10
30
10
5
1
1
20
5
2
10
55
20
10
1
$ cts.
500 00
100 00
2,000 00
100 00
200 00
1,000 00
100 00
300 00
500 00
2,000 00
500 00
200 00
1,000 00
1,000 00
500 00
2,000 00
2C0 00
500 00
2,000 00
1,000 00
100 00
2,000 00
1,000 00
28,700 00
1,000 00
200 00
200 00
1,000 00
100 00
100 00
500 00
500 00
1,000 00
1,000 00
1,000 00
27, 100 00
1,000 00
500 00
2,000 00
2,000 00
1,500 00
200 00
2,000 00
4,000 00
500 00
2,500 00
3,000 00
3,000 00
1,200 00
1,000 00
1,000 00
3,000 00
1,000 00
500 00
100 00
100 00
2,000 00
500 00
200 00
1,000 00
5, 500 00
2,000 00
1,000 00
100 00
cts.
75 00
15 00
300 00
15 00
30 00
1.50 00
15 00
45 00
75 00
300 00
75 00
30 00
150 00
150 00
75 00
30 00
75 00
150 00
15 00
300 00
150 00
4,305 00
1.50 00
30 00
30 00
150 00
15 00
15 00
75 00
75 00
150 00
150 00
150 00
4,065 00
150 00
75 00
300 00
300 00
225 00
30 00
300. 00
600 00
75 00
375 00
450 00
450 00
180 00
150 00
1.50 00
450 00
150 00
75 00
15 00
15 00
300 00
75 00
30 00
150 00
825 00
300 00
150 00
15 00
LIST OF SHAREHOLDERS
633
SESSIONAL PAPER No. 8
LA SAVYEG audi:— Continued.
List of Shareholders — Continued.
Name.
Brousseau, J. B., C.R
Brun, J. A. E., M.D
Brunei, Rev. E
Brunet, Ovide
Bureau, Rev. J. A., Succ
Cabana, J. N
Camirand, Succ, J. O., M.D —
Campeau, E. C, M.D
Carbonneau, Rev. C. A
Cardin, Rev. Zotique, Succ
Cardinal, J. A., Succ, M.D
Caron, A. N., M.D
Caron, Hon. J. E. . .'
Caron, Ls., Jr
Caron, Rev. L. N
Caron, Rev. P. A
Carrier, Th
Casgrain, Hon. T. Chase, Succ.
Cazaubon, Rev. L. de G., Succ.
Chagnon, Rev .-J
Chamard, E. F
Chamberland, H
Chamberland, Rev. M
Champagne, H. A
Champoux, S. P
Chapados, Louis
Chapdelaine, Succ, E. M., N.P
Chapleau, Dame F. D
Chapleau, Rev. Geo. E
Chapleau, J. A
Charbonneau, E. J., Succ
Charbonncau, Rev. J. U
Charpentier , T
Chasse, P. A., Av
Chatel in. Rev. J
Chauret, J.A., N.P., M.P.P., Succ.
Chausse, Alcide
Chauvin, Hon. Juge H
Chenard, Rev. D
Chenard, Rev. L. P
Chevalier, A. Dame A. Drolet
Chevalier, Mile Corinne
Chevalier, Mile Evelina
Chevalier, .Josgeph
Chevalier, J. H
Chevalier, M.L. Dame Jos. Drolet.
Chevrier, R., M.D
Clair, Rev. Alb
Clermont, Rev. A. P
Cloutier, A. O., M.D., Succ
Cloutier, J.E.A., M.D
Cloutier, Dame Eliza
Cloutier, Michel
Cloutier, Romulus
Cod^re, F. X. Eug
Cod^re, Dame Marie Lse
College de Levis
Collin, Rev. Chs
Commault, Mile Victoire, Succ.
Compagnie de Jesus
Comtois, Barth
Comtois, Jos., M.D
Cong, N. D., du bon Conseil.. .,
Address.
Sorel
WestShefford
Mont Carmel
Montreal
Quebec
Outremont
Sherbrooke
Montreal
St. Eloi
Montreal
Montreal
St. Pascal
Ste. Louise
Nicolet
Kate Vale
St. Pacome
Levis
Montreal
Montreal
New Bedford, Mass.
E.U
Matapedia
St. Phillippe de Neri. . .
Montebello
Hull....
Outremont
Paspebiac
St. Justin
St. Pascal
St. Roch de Quebec —
St. Pascal
Ste. Anne des Plaines. . .
-A^ttleboro, Mass., E.U.
Montreal
St. .Jean
Buckingham
Ste. Genevieve
Montreal
St. Eleuthfere
Sandy Bav
N.D. du Mt. Carmel...
St. L6on
N.D. du Mt. Carmel....
St. Leon
Shawinigan Falls
Ottawa, Ont
St. Raphael d' Aston. . . .
Richmond, Vt., E.U.. . .
Nicolet
Cap St. Ignace
St. Pierre de Mont-
magny
Waterloo
Sherbrooke
Sherbrooke Est..
Levis
St. Jerome
Pointe Gatineau.
Montreal
No. of
shares.
St. Barthelemi.
Chicoutimi
50
10
5
20
1
25
10
10
10
2
10
5
1
1
20
5
10
30
5
10
1
20
25
60
20
30
10
5
5
5
5
5
10
20
1
50
10
5
3
5
5
3
15
4
15
1
20
20
1
1
20
25
25
18
20
2
100
10
10
20
Amount
subscribed.
$ cts.
5,000 00
1,000 00
500 00
2,000 00
100 00
2,500 00
1,000 00
1,000 00
1,000 00
200 00
1,000 00
500 00
100 00
100 00
2,000 00
500 00
1,000 00
3,000 00
500 00
500 00
200 00
1,000 00
100 00
2,000 00
2,500 00
6,000 00
2,000 00
3,000 00
1,000 00
500 00
500 00
500 00
500 00
500 00
1,000 00
2,000 00
100 00
5,000 00
1,000 00
500 00
300 00
500 00
500 00
300 00
1,.500 00
400 00
1,500 00
100 00
2,000 00
2,000 00
200 00
100 00
100 00
2,000 00
2,500 00
2,500 00
1,800 00
2,000 00
200 00
10,000 00
1,000 00
1,000 00
2,000 00
Amount
paid in
cash.
$ cts.
750 00
150 00
75 00
300 00
15 00
375 00
150 00
150 00
150 00
30 00
150 00
75 00
15 00
15 00
300 00
75 00
150 00
450 00
75 00
75 00
30 00
150 00
15 00
300 00
375 00
900 00
300 00
450 00
1.^0 00
75 00
75 00
75 00
75 00
75 00
150 00
300 00
15 00
750 00
1.50 00
75 00
45 00
75 00
75 00
45 00
225 00
60 00
225 00
15 00
300 00
300 00
30 00
15 00
15 00
300 00
375 00
375 00
270 00
300 00
30 00
1,500 00
1.50 00
150 00
300 00
634
DEPARTMENT OF INSURANCE
LA SAUVEGARDE— Continued.
List of Shareholders — Continued.
11 GEORGE V, A. 1921
Name.
Address.
No. of
shares.
Amount
subscribed.
Amount
paid in
cash.
Constantin, Jules, M.D.
Contant, Joseph
Cooke, Hon. R. S
Cornu, Felix, M.D
Corp du College de
Corp du College de
Corporation Episcopale C.R
Corporation Episcopale C.R
Corporation Episcopale C.R
Cossette, Alfred
Cossette, Louis
Cossette, U. H
C6t4, J. G
Cote, Ones, Succ
Coulombe, Rev. J. O
Courteau, Eug. G., M.D
Crepeau, F. G., N.P
Crepeau,0., N.P
Croteau, Rev. E. C, Succ
Cypihot, L. N. F., M.D
Cyphiot, Th., M.D
Dagenais, E. G., M.D
Daigle, C. A., M.D
Daignault, F. H., M.D., M.P.P.. .
D'Amours, J. E., M.D
Dandurand, Hon. R
Daniel, J. F., N.P
D'Anjou, J. E
David, W
Daze, Rod., M.D
DeBellefeuille, J. F
Decarie, Hon. J. L
Decarie, J.P., M.D
Decary, Alphonse
Dechamplain, Rev. J
De la Giclais, M. J. A. M
Deland, A.N., N.P
Delisle, A. S
Delisle, H.J
Delorimier, R. G., Av., C.R
Delorme, L. N., M.D
Demers, L. C, M.D
Demers, Olivier, M.D
Demers, Hon. Ph
Denault, D. O. E
Denoncourt, M. le Chanoine L. L.
De Pas Comte Paul
Desaulniers, J. H., N.P
Deschene, Elz. Melville
Deschenes, Naz
Descoteaux, C. A
DeSerres, Gaspard
Desjardins, Rev. A
Desjardins, C. A. R
Desjardins, Rev. J. J
Desjardins, L. H
Desjardins, S., M.D
Deslongchamps, L. P
Desmarais, R6v. A
Desrosiers, R6v. J
Desrosiers, Rev. J. G
Desrosiers, Rev. O. J
De Varennes, P., N.P
Dion, J. A. E
Dionne, L6o M
Roberval
Montreal
Trois- Rivieres
Ottawa, Ont
L'Assomption
Ste. Anne de la Poca-
ti^re
Joliette
St. Hyacinthe
Valleyfield
Montreal
Bagotville
N.-D. de la Dore
St. Jacques I'Achigan.
Montreal
Masson
Ste. Anne de Bellevue.
Montreal
Acton Vale
Papineauville. .
Montreal
St. Esprit
Mont Joli
Montreal
Ste. Agathe —
Trois-Rivi^res.
Montreal
St. Chs. Caplan.
Winnipeg, Man. .
St. Jean
Montreal
Yamachiche.. . .
Montreal
Farnham ,
Montreal
Sherbrooke
Ev. de Trois-Riviferes.
Paris, France
Ste. Flore
Beauceville
Ste. Flore
Yamachiche
Montreal
South Indian, Ont
St. Andre
Ottawa, Ont
Terrebonne
Ste. Ther^sedeB
Iberville
Nicolet
Joliette
Thurso
Sommersworth, E. U.
Papineauville
Montreal
5
2
2
50
60
16
30
22
2
40
40
40
5
5
3
10
23
1
10
1
2
5
2
1
1
100
40
10
1
1
2
20
20
2
5
20
5
25
5
10
20
4
5
10
5
2
20
10
10
20
5
10
1
50
5
21
200
1
5
20
10
5
20
10
5
S cts.
500 00
200 00
200 00
5,000 00
6,000 00
1,600 00
3,000 00
2,200 00
200 00
4,000 00
4,000 00
4,000 00
500 00
500 00
300 00
1,000 00
2,300 00
100 00
1,000 00
100 00
200 00
500 00
200 00
100 00
100 00
10,000 00
4,000 00
1,000 00
100 00
100 00
200 00
2,000 00
2,000 00
200 00
500 00
2,000 00
500 00
2,500 00
500 00
1,000 00
2,000 00
400 00
500 00
1,000 00
500 00
200 00
2,000 00
1,000 00
1,000 00
2,000 00
500 00
1,000 00
100 00
5,000 00
500 00
2,100 00
20,000 00
100 00
500 00
2,000 00
1,000 00
500 00
2,000 00
1,000 00
500 00
LIST OF SHAREHOLDERS
635
SESSIONAL PAPER No. 8
LA SAUVEGARDE— Continued.
List of Shabeholdehs — Continued.
Name.
Address.
No. of
shares.
Amount
subscribed.
Amount
paid in
cash.
Dolbec, Phidime, M.P
Dorion, Hercule
Dorris, C, M.P.P., Succ
Dozois, .1. L., N.P
Drolet, P. A
Drouin, Alfred, M.D
Drouin, F. X., Av
Dube, Chs. E
Dube Eraile, Succ
Dubois, J. Omer
Dubreuil, T
Dubuc, D...
Dubuc, Lucien, Av
Duchaine, J. A
Ducliarme, F. Alex
Ducharme, Geo. E
Ducharme, G. N
DucharjTic, G. N. (in trust)..
Ducharme, L. N
Dufault, Rev. O
Dufour, F. X
Dufresne, J. A., M.D
Dufresne, A. O., Succ
Dufresne, Frs
Duhaniel, A.A., M.D
Dumais, L. V
Dumesnil, J. E., N.P. Succ. .
Dumontier, J.A., N .P
Dupont, Dionis
Dupont, .Josephat
Duprat, Rev. .Joseph
Dupuis, Albert
Dupuis, F. X., Succ
Dupuis, H
Dupuis, H. P
Duranleau, Alfred, Av
Durocher, Rev. J. B
Dusahlon, Rev. L. A
Dutilly, Rev. L. A
Emard, Succ. J. U., C.R
Fabrique, de St.-Sulpice
Faribault, J. E., C.R
Fauhert, Jos
Fauteaux, Hom^re
Ferron, Arthur, M.D
Ferron, Hector
Ferron, M. et Mme. Max
Ferron, L. Dame J. Foisy...
Filiatrault, Rev. E. E. P. . . ,
Fiset, n. R. Av
Fiset, L.P.,M.D
Foisy, J., N.P
Foisy, Rev. J. A
Foisy, Jos. A., N.P
Forbes, Mgr. J. G. L
Forest, L. P
Forest, Oscar
Forget , Jos
Forget, Magloire, Succ
Forget, Succ. Hon. R ,
For tier, Hyacinthe Adelard.
Fortier, F. G
Fortier, J. M
Fortier, Seraphin ,
Fortin, A., M.D ,
Fortin, J. D ,
Ste. Anne de la Perade.
Montreal
St. Edouard
Grarbj'
Trois- Rivieres
Quebec
RiviiSre du Loup
Riv. du Ijoup Station . .
Ste. Rose
Montreal
Deschaillons ,
Edmonton, Alta
Quebec
Montreal
Chambly Bassin
Ste. Justine de Newton.
t. Joseph
Shawinigan Falls
Montreal
St. Laurent
Ste. Ursule
Fraserville
Montreal
L6vis
Ste. Flore
St. Henri de Mascouche
Montreal
Hull.
Montreal
St. Rosaire
Les Ch'ites Shawinigan.
St. Ephrom d' Upton —
Montreal
St. Suplice.
li'Assomption
Rigaud
Beauceville. ,
Grand M^re -
St. Leon ,
Joliette
Montreal ,
St. Jude
Rimouski
Roxton Falls
Montreal ,
St. Ours
Riviere du Loup en bas
Joliette ,
Montreal ,
Ottawa, Ont. ,
Ste. Anne des Plaines . .
Ste. Anne des Plaines. .
Montreal
Hull.....
Beauceville
Montreal
Valleyfield
Montr6a.i
2
20
2
10
5
3
20
5
20
10
1
1
1
10
21
20
523
5
20
5
10
5
1
30
5
10
15
5
20
10
5
50
5
15
5
5
15
4
5
20
5
1
1
10
10
5
5
20
5
20
5
1
20
5
20
20
15
10
4
10
10
10
10
10
3
$ cts.
200 00
2,000 00
200 00
1,000 GO
500 00
300 00
2,000 00
500 00
2,000 on
1,000 00
100 00
100 00
100 00
1,000 00
2,100 00
2,000 00
S2,30C 00
5C0 00
2,000 00
500 00
1,000 00
5C0 00
100 00
3,000 00
500 00
1,000 00
1,500 00
500 00
2.000 00
1,000 00
500 00
5,000 00
500 00
1,500 00
500 00
500 00
1,500 00
400 00
500 00
2,000 00
500 00
100 00
100 00
500 00
1,000 00
1,000 00
500 00
500 00
2,000 00
500 00
2,000 00
500 00
100 00
2,000 00
500 00
2,000 00
2,000 00
1,500 00
1,000 00
400 00
1,000 00
1,000 00
1,000 00
1,000 00
1,000 00
300 GO
> cts.
30 00
300 00
30 00
150 00
75 00
45 00
300 00
75 00
300 00
150 00
15 00
15 CO
15 00
150 00
315 00
300 00
12,345 00
75 00
300 00
75 00
150 00
75 00
15 00
450 00
75 00
150 00
225 00
75 00
300 00
150 00
75 00
750 00
75 00
225 00
75 00
75 00
225 00
60 00
75 00
300 00
75 00
15 00
15 00
75 00
150 00
150 00
75 00
75 00
300 00
75 00
300 00
75 00
15 00
300 00
75 00
300 00
300 00
225 00
150 00
60 00
150 00
150 00
150 00
150 00
150 00
45 00
636
DEI'ARTMFXT OF IXSl RAXCE
LA SA U VEG A RDE— Continued.
List of Shareholders — Continued.
11 GEORGE V, A. 1921
Name.
Address.
No. of
shares.
Amount
subscribed.
Amount
paid in
cash.
Foucrault, W., M.D
Friinette. Rev. F. X. E
Gabias, Maurice
Gadoury, A. Dame J. A. Champoux,
Succ
Gadoury, Eugene, N.P., Succ
Gadoury, M. M. A. Dame J. A. Joly. . .
Gagn6, Arthur, Av
Gagne, Domina
Gagne, M. E. Louise Guay
Gagn6, W. H
Gagnier, Guil
Gagnier, L. A., M.D
Gagnon, Alb. L
Gagnon, Damien
Gagnon, Miles Luce et Angele
Gagnon, Rev. J. B. L
Galarneau, A. O
Garceau, Nap
Garneau, P. U., M.D
Garon, J. A
Gasne, Andre Louis
Gatien, E. C
Gaudet, J. A. L., M.D., Succ
Gaudreau, Rev. Horace
Gauthier, L. J., M.P
Gauthier, Oscar
Gauvin, Chas. C
Gauvin, J. A. E
Gauvreau, J. N
Gay, Rev. Camille, Succ
Gelinas, Cyprien
Gelinas, J. C, M.D
Gelinas, J. N. E
Gendron, Dame Vve .7. S
Genereux, Rev. R. T
Genier, Rev. J. A
Gignac, Rev. J. N
Giguere, Rev. J. E. T
Gilbert, F. E., M.D., Succ
Gill, N
Girouard, Hon. Jean, M.D
Girouard, Jos., N.P
Giroux, A
Godbout, Arthur, Av., M.P.P.
Godbout, Hon. J
Godin, Arsene, M.D
Gonthier, Geo
Gosselin, F. X
Gosselin, J.J. B
Gosselin, Ls. Av
Gosselin, v., N.P
Gouin, P. A
Gouin, Rev. P. A
Goulet, O
Goyet, J. F
Granger, Freres
Gratton, Jules Dame Vve
Gravel, Rev. Ths
Grimard, J. P
Gris§, E. A
Grondin, Mme. C. Jett6
Guay, J. D
Guay, Rev. J. J
Guertin, V
Guibault, J. A. Av
Montr6al
Eveche de Chicoutimi.
Montreal
Montreal Nord . .
Ste. Elizabeth. .
Vancouver, C.A.
Montreal
Quebec
St. Justin. . . .
Ste. Martine.
Montreal
Ste. Anne des Plaines.
St. Fabien
Ste. Elizabeth
Montreal
Drummondville
Princeville
Montreal
Sherbrooke
Ste. Perpetue. .
St. Bruno
St. Hyacinthe.
Hull
Montreal
Terrebonne
Ottawa, Ont
Montreal
Trois-Rivieres
Outremont
Grand'Mere
St. Felix de Kingsey. . . .
.St. Faustin
Seminaire Quebec
New Bedford, Mass.,
E.U
Fraserville
Sorel
Longueuil
St. Benoit
Montreal
St. Georges
Beauceville Quest
St. Jean
Montreal
Chicoutimi
N.-D. de Stanbridge. . . .
Montreal
St. Joseph Beauce
Trois-Rivieres
Warwick
St. Jacques I'Achigan. . .
St. Ambroise de Kildare
Montreal
Hull
Les Eboulements
Yamachiche
Montreal
Quebec
St. J6r6me
Ripon
Outremont
Joliette
1
10
1
10
10
50
5
10
10
20
5
20
1
10
5
2
10
5
5
5
5
5
10
23
5
10
3
2
5
1
1
20
10
2
1
50
32
5
10
40
1
20
10
1
1
38
30
5
40
10
20
5
5
30
5
2
10
10
5
1
5
10
10
10
5
S cts.
ino 00
1,000 00
100 00
1,000 00
1,000 00
5,000 00
500 00
1,000 00
1,000 00
2,000 00
500 00
2,000 00
100 00
1,000 00
500 00
200 00
1,000 00
500 00
500 00
500 00
500 00
500 00
1 , 000 00
2,300 00
500 00
1 , 000 00
300 00
200 00
500 00
100 00
100 00
2,000 00
1 , 000 00
200 00
100 00
5,000 00
3,200 00
500 00
1,000 00
4,000 00
100 00
2,000 00
1,000 00
100 00
100 00
3,800 00
3,000 00
500 00
4,000 00
1,000 00
2,000 00
500 00
500 00
3,000 00
500 00
200 00
1,000 00
1,000 00
500 00
100 00
500 00
1,000 00
1,000 00
1,000 00
500 00
LIST OF SHAREHOLDERS
637
SESSIONAL PAPER No. 8
LA SAUVEGARDE— Con^mMed.
List of Shareholders— Continued.
Name.
Guilbault, J. Ozias-regist
Guilbault, J. P. O., N.P
Guillaume, Rev. A. C
Guillemette, A. E
Guillet, Rev. C. A
Guimont, Rev. F. A
Guit6, J. R. A., Mme
Hamelin, G. ep. J. C. Lessard
Hamelin, Herve
Hamelin, J. L., dentiste
Hamelin, Dame I.L.I
Hebert, C. D., Succ
H6roux, Arthur
Heroux, Omer
Hetu, Rev. R
Hogle, Dame Lilian
Houde, Rev. J. E
Houde, L. N. D
Houle, M. le chanoine A. O
Houle, Jos. N.P
Houle, Rev. J. B
Houle, Oct
Huberdeau, J. A
Hudon, Rev. P. S
Huguenin, W. A., M.D
Husson, Camille
Jacques, Nap
Jeannotte, A. F., M.D., Succ
Jeannotte, J
Jeannotte, S
Jette, Magloire, Succ ■.
Joannette, Mile M. A. A
Jobin, Jos
.Jobin, Rev. J. B
Juairc, E. C. Succ
Jubinville, Rev. W. L
Kane, J., M.D., Succ
Kirouac, Rev. A
Labelle, Adrien
Labelle, Rev. A. A
Labelle, Felix
Labelle, F. A., N.P
Laberge, Rev. J. P
Laberge, R
Labranche, L
Labrosse, Albert, M. D
Labrosse, Rose de Lima, Belanger Succ.
Lacerte, Dame Vve. Hilarion
Lachapelle, E. P., M.D., Succ
Lacroix, J. E
Ladouceur, A. E
Ladouceur, J. E
Laferriere, M. le chanoine Ol
Laflamme, M. le chanoine J. M
Lafleche, Rev. J. A. E
Lafleche, Rev. L. R
Lafleur, Hector, Succ
Lafleur, O. B
Lafleur, P. A
Laf ond , G
Lafond, M
Lafontaine, Rev. C. H
Lafontaine, Joseph, Succ. M. P.P
Lafreniere, E
Lalande, Ed
Lalonde, Dame, Vve, N.P
Lamarche, Rev. J. A
Address.
Joliette .
Cheneville
Shawinigan
St. Valerien
Sherbrooke
Chaleurs
St. Paul de Metis, Alta.
Montreal
Montreal
Trois-Rivieres
Yamachiche
Montreal
L'Assomption
Vancouver, C.A
Ste. Anastasie de Lyster
Nicolet
St. Jacques I'Achigan
Daveluyville
St. Aime
Shawinigan Falls
St. Remi
Rockland, Ont
Montreal
St. Dizier, France. . . .
Shawinigan Falls
Montreal
No. of
shares.
.Joliette
Montreal
St. Timothee
St. Phillippe
N.-D. de Stanbridge.
St. Boniface, Man.. . .
Riviere du Loup
Ste. Madeleine
Hull
Aylmer Est
Ste. Rose
Hull
St. Marc
Montreal
St. Eugene, Ont...
Fournierville, Ont.
Grand'M^re
Montreal
Montebello
St. Andre
Joliette
St. Lin
St. Hyacinthe
St. Paulin
Grand'Mere
Yamaska
Lachute
Montreal
Hull
St. Hermas
St. Hyacinthe
St. Barthelemi
Terrebonne
St. Benoit
St. Placide
L'Assomption
10
10
2.3
5
1
5
5
3
3
4
10
2
5
10
20
5
5
1
30
2
5
25
1
10
5
12
5
23
5
10
10
5
2
10
20
10
1
1
25
5
100
21
5
5
7
5
5
10
100
5
5
20
5
20
10
10
10
20
10
10
10
1
10
20
10
12
4
Amount
subscribed.
$ cts
1,000 00
1,000 00
2,300 00
500 00
100 00
500 00
500 00
300 00
300 00
400 00
1 , 000 00
200 00
500 00
r, 000 00
2,000 00
500 00
500 00
100 00
3,000 00
200 00
.500 00
2,500 00
100 00
1,000 00
500 00
1,200 00
500 00
2,300 00
500 00
1,000 00
1,000 00
500 00
200 00
1,000 00
2,000 00
1,000 00
100 00
100 00
2,500 00
500 00
10,000 00
2,100 00
500 00
500 00
700 00
500 00
500 00
1,000 00
10,000 00
.500 00
500 00
2,000 00
.500 00
2,000 00
1,000 00
1,000 00
1,000 00
2,000 00
1,000 00
1,000 00
1,000 00
100 00
1,000 00
2,000 00
1,000 00
1 , 200 00
400 00
Amount
paid in
cash.
$ cts.
150 00
150 00
345 00
75 00
15 00
75 00
75 00
45 00
45 00
60 00
150 00
30 00
75 00
1.50 00
300 00
75 00
75 00
15 00
450 00
30 00
75 00
375 00
15 00
150 00
75 00
180 00
75 00
345 00
75 00
150 00
1.50 00
75 00
30 00
150 00
300 00
150 00
15 00
15 00
375 00
75 00
1 , .500 00
315 00
75 00
75 00
105 00
75 00
75 00
150 00
1,500 00
75 00
75 00
300 00
75 00
300 00
150 00
150 00
150 00
300 00
150 00
150 00
150 00
15 00
1.50 00
300 00
150 00
180 00
60 00
638
DEPARTHENT OF INSURANCE
LA SAVYEGAUDE— Continued.
List of Shareholders — Continued.
11 GEORGE V, A. 1921
Name.
Lambert, Rev. L. Z
Lambert, J. E., Dame Vve. J. B. Co-
mc.au
Lamothe, Dame Joseph
Lamy, J. Adolphe
Lanctot, Ad61ard, M.P.P., Succ
Lanctot, Alph., Succ
Lanctot, M. Roch
Landry, Eugene, M.D
Langevin, N
Langlois, M
Lapicrre, G. A., M.D
Lapointe, N
Laporte, Hon. Sir. H
Laporte, J. P., M.D..:
Larivifere, J. G., N. P
LaRocque, Alt
Larose, M. J. H., M.D
Lassonde, A., M.D
Lassonde, Phillippe
Latour, L. D
Latraverse, J. F. R., M.D
Laurendeau, J. G., C.R
Laurier, Hon. Sir W. Succ
Lavallee, L. A., C.R
Lavallee, Oscar Av., Succ
Lavergne, Ls., M.P
Lavergne, Soury B
Laviolette, I., M.D., Succ
Lavoie, Rev. Elz
Lavoie, Jos
Lazure. L. P.. Succ
Lebel, Rev. A. T., Succ
Leblanc, J. A., av
Leblanc, R. N., Succ
Leblanc, Mme Pi.. N
Lecourt, R6v. J. H
Ledoux, J. O., M.D
Ledoux, U. J
Leduc, Arthur, Succ
Leduc, A. A
Leduc , God
Leduc, Joseph
Leduc, M. Lse. Mme. J. H. O. Hebert.
Lefebvre, Capt. A
Lefebvre, H
Legault, H., M.D
Legault, J. Nap., N.P
Legault, L. L
Legris, Hon. J. H
Lemay, Rev. J. A
Lemay, Rev. P
Lernieux, Rev. J. E
Lemieux , Hon. R
Lemire, J. H
Lemoine, Chs
Lepage, Rev. J. E
Lepailleur, Mgr. G. M
Lesage, Arthur B
Lesage, Jules S
Lesage, Isabelle
Lesage, Marie A., Dame R.P.,Larocque
Lesage, Marie Cecile, Mile
Lessard, Alp., M.D
Lessard, Mile M. L. E. Azelie ,
Lessard , Ed
Lessard, J. A
I>essard, L. A., M.D
Letellier, Hon. Blaise
Farnham
Trois-Rivieres.. .
St. Leon
Sorel
Montreal
St. Constant
St. Barthelemi..
Valleyfield
Montreal
St. Hyacinthe. . .
Westmount
Montreal
Joliette
Sorel
Montreal
Waterloo
Drummondville.
Trois-Rivieres. . .
Montreal
Sorel
Valleyfield
Ottawa, Ont
Montreal
Address.
Beauceville.
Arthabaska
Mayronne, Sask
Lanoraie
St. Gedeon
St. Paschal
St. Remi
Montreal
Sherbrooke
Bonaventure River.
St. Luc
Sherbrooke
Brunswick, Me., E.U.
St. Placide
Becancour
Valleyfield
Ste. Angdle de Laval.
Nicolet
Valleyfield
Ottawa, Ont
St. Andre
Vaudreuil
Lachute
Louiseville
Quebec
Rimouski
Ste. Anne de Chicoutimi
Ottawa, Ont
Winnipeg, Man
Gravelbourg, Sask.. .
Rimouski
Montreal
St. Leon
Quebec
Ste. Foy
Montreal
Ste. Foy
Quebec
Ste. Uru.sle
St. Joseph de Beauce.
Ste. Scholastique. .. .
Montreal
Beauceville
No. of
shares.
25
10
50
20
20
5
5
27
10
5
1
6
90
25
70
10
5
1
5
1
5
50
20
40
20
1
10
5
5
2
1
10
5
1
5
1
20
70
2
5
10
5
100
5
10
5
20
5
2
4
10
20
20
2
20
10
2
1
1
1
3
5
5
5
10
20
Amount
subscribed.
S cts.
2,500 00
1,000 00
5,000 00
2,000 00
2,000 00
oOO 00
500 00
2,700 00
1,000 00
500 00
100 00
600 00
9,000 00
2,500 00
7,000 00
1,000 00
500 00
100 00
500 00
100 00
500 00
5,000 00
2,000 00
4,000 00
500 00
200 00
2,000 00
100 00
1,000 00
500 00
500 00
200 00
100 00
1,000 00
500 00
100 00
500 00
100 00
2,000 00
7,000 00
200 00
500 00
1,000 00
5oO 00
10,000 00
500 00
1,000 00
500 00
2,000 00
500 00
200 00
400 00
1,000 00
2,000 00
2,000 00
200 00
2,000 00
1,000 00
200 00
100 00
100 00
100 00
300 00
500 00
500 00
500 00
1,000 00
2,000 00
Amount
paid in
cash.
S cts.
375 00
150 00
750 00
300 00
300 00
75 00
75 00
405 00
1.50 00
75 00
15 00
90 00
1,350 00
375 00
1,0.50 00
150 00
75 00
15 00
75 00
15 00
75 00
750 00
300 00
600 00
75 00
30 00
' 15 66
1.50 00
75 00
75 00
30 00
15 00
1.50 00
75 00
15 00
75 00
15 00
300 00
1,050 00
30 00
75 00
150 00
75 00
1,500 00
75 00
150 00
75 00
300 00
75 00
30 00
60 00
150 00
300 00
300 00
30 00
300 00
1.50 00
30 00
15 00
15 00
15 00
45 00
75 00
75 00
75 00
150 00
300 00
LIST OF SHAREHOLDERS
639
SESSIONAL PAPER No. 8
LA SAVYEGARDE—Conlinued.
List of Shabeholdebs — Continued,
Name.
Address.
No. of
shares.
Amount
subscribed.
Amount
paid in
cash.
L6tourneau, G., Dme Vve
L^tourneau, O. H., M.D
Letourneau, S., Av
Levasseur , J. B
Levesque, G. M
Levesque, J. B., Succ
Levesque, Dame, Vve J. E
L'Heureux, Rev. J. E. F
Limoges, Rev. J. E
Limoges, Rev. J. H
Lindsay, Mgr. L
Lizotte, Rev. Jos
Lord, Narcisse
Lord, Philippe
Lord, Wilfrid, M.D
Lozo, F. J
Lussier, Ls
Lymburner, L. M
Lynch, J. M
Mackay, Aug. S., Av
Mackay, F. S., N.P
Magnan, J. A., M.D., Succ
Maher, Gustave
Mainville, Rev. M., Succ
Majeau, J. E
Major, C. B
Malette-Thibault Rose
Malouin, Hon. Alb., Juge
Marceau, J. V
Marchand-Flamant Dame C. H..
Marchessault, L. V
Marcotte, A., M.D
Mareoux, Rev. T. F
Marien, A., M.D
Marleau, P^ev. M
Marois, Mgr. C. A., V.G
Marsan, G
Martin, Mme Auguste
Martin, Rev. O
Martineau, Victor, Av
Masse, J. L. A., M.D
Massicotte, Alf
Massicotte, F. X., M.D
Massicotte, J.P.H., M.D
Massicotte, Ph
Mathieu,E.S.,N.P
Mathieu, Albina et Alphonsine. . .
Mathieu, L. Z
Meagher, H. A., M.D
Melancon, Simon A
Mercier, G. E
Mercure, D
Michaud, Jos., M.D
Michon, M. le Chanoine J.B
Mignault, Succ. R.M.S., M.D.. . .
Monet, Hon. D., Juge
Monfet, Rev. J. A
Monk, Hon. F.D., C.R., Succ... .
Moreau, Henri
Montour, Rev. L. P
Morissette, E. Dame N. T. Pare.
Mousley, Dme Florence
Mousseau, J. O., Av
McCall, Shehyn & Son, Ltd
MacTaggart, Dme. G. M
Nadeau, J. A., N.P
Nadeau, Rev. J. H
Nadeau, P. O
Najotte, Rev. F. C
Victoriaville
Montreal
Roberval
St. Pacome
Paspebiac
Montreal
St. Jovite
Luskville
Archeveche de Quebec.
St. Jean Deschaillons . .
St. Jean, Que
Shawinigan Falls... .'. . .
Granby
Transcona, Man
St. Hyacinthe
Montreal
Mont Joli
Papineauville
Montreal
St. Boniface, Man
Coteau de Lac
L'Epiphanie
Papineauville
Hull
Quebec
Arthabaska
Shawinigan
West Sheflord
St. Basile
Roberval
Montreal
Ste. Marthe
Quebec
Montreal
Campbellton, N.B
Sherbrooke
Montreal
St. Thomas
Rosemont
St. Prosper
Victoriaville
Rosemount
Terrebonne
Ste. Scholastique
Montreal
Verdun
Moncton, N.B
Dalhousie, N.B
St. Barthelemi
St. Georges
St. Hyacinthe
Montreal
Montreal
St. Theodore d' Acton..
Montreal
St. Philippe
Deschambault
Montreal
Quebec
Montreal
Outremont
St. Denis sur Richelieu
Laval des Rapides
Matapedia
5
30
3
2
5
10
10
5
3
3
3
10
5
5
10
10
10
26
5
10
10
5
5
1
10
50
10
10
1
10
10
10
1
5
14
5
2
3
20
2
10
10
5
2
10
10
1
5
10
1
20
5
10
5
10
5
1
1
5
1
5
25
10
10
5
5
10
6
10
S cts.
500 00
3,000 00
300 00
200 00
500 00
1,000 00
1,000 00
500 00
300 00
300 00
300 00
1,000 00
500 00
500 00
1,000 00
1,000 00
1,000 00
2,600 00
500 00
1,000 00
1,000 00
500 00
500 00
100 00
1,000 00
5,000 00
1,000 00
1,000 00
100 00
1,000 00
1,000 00
1,000 00
100 00
500 00
1,400 00
500 00
200 00
300 00
2,000 00
200 00
1,000 00
1,000 00
500 00
200 00
1,000 00
1,000 00
100 00
500 00
1,000 00
100 00
2,000 00
500 00
1,000 00
500 00
1,000 00
500 00
100 00
100 00
500 00
100 00
500 00
2,500 00
1,000 00
1,000 00
500 00
500 00
1,000 00
600 00
1,000 00
cts.
75 00
450 00
45 00
30 00
75 00
1.50 00
150 00
75 00
45 00
45 00
45 00
1.50 00
75 00
75 00
150 00
150 00
150 00
390 00
75 00
150 00
150 00
75 00
75 00
15 00
1.50 00
750 00
150 00
150 00
15 00
150 00
150 00
150 00
15 00
75 00
210 00
75 00
30 00
45 00
300 00
30 00
150 00
150 00
75 00
30 00
150 00
150 00
15 00
75 00
150 00
15 00
300 00
75 00
150 00
75 00
150 00
75 00
15 00
15 00
75 00
15 00
75 00
375 00
150 00
150 00
75 00
75 00
150 00
90 00
150 00
640
DEPARTiIE\r or TXSrRA^'CE
LA SAUVEGARDE— Con<tnMC<f.
List of Shabbholders— Continued.
11 GEORGE V, A. 1921
Name.
Address.
No. of
shares.
Amount
subscribed.
Amount
paid in
cash.
Naud, J. A
Nault, Alexandre
Montreal
St. Vital, Fort Garry,
Man
T.. u T> r .Grand M^re.
Neault , 1 . O Beauharnois
Nepveu, Rev 1 . ._ • ; Montreal
Noiseux, Mme J. h-._^. Trois-Rivi^res
Normand. ^-^-^\-^V;. Montreal
Normandeau, J.r..i3., AV ,,
Olivier, J. H., N.P ■ " Ut^erbrooke.
o'?' '*''• K A ::::::■.... vaiieyfieid..
Ostigiiy, N. A. Roberval. . . .
Otis. L- E- . succ.^ L^ jg^^ de Dieu
Ouellct, Re\ . J. A Montreal
Ouellette, C. Lgel jMonuea
Ouimet, Hon.G. A., succ
Ouimet, Alderic
Ouimet, Eugene, A.
Ouimet, Eugenie Mile
Ouimet, Marie Mile
Ouimet, P. de R...^. .^- • • ■ • •
Ouimet, T.-Dame P. Beullac
Panneton, Hon. L. E., Juge. .
Papillon, Rev. M. Art
Papineau, C.L., Succ.
Papineau, L. J., Recorder.. . .
Papineau L.J. D... _^ ■ • • |Bonaventure
Paquet, Eug^ne^LD ■ \^ ^ake.
^aradi:; E.'^Dame'vve R-.s'. Joron Valleyfield.
Pare, N. T
Patenaude, T
Pauze, Rev. J. A
Pelletier, H.,C.R
Pelletier, H., M.D
Pelletier, Rev. J. A
Pelletier, L. C, Av
Pelletier, P., M.D
Princeville..
Montreal... ■
Valleyfield.
Montreal.
. alley
Deschambault
Valleyfield •■■
St. Gabriel de Brandon
Montreal ■ ■ • ■
St. Cyrille de Wendover
Plantagenet, Ont
Montreal ,
Londres, W.C., Angle-'
terre
Peltier, Major, Emile, M.D • fonUe^L^^.. .
Pepin, H. J^ .^. .^^. ■ -^^^ • • • ■ . .Montreal
Perodeau, Hon. >-., ^f St. Timoth6e. .
Perreault, Rev. A :;::::::: .St. Louis de B.
Perrau t, Rev. G. A Urthabaska.. . .
Perrau t Gustave^ •. i ■.•. l ■.::: Montreal
Perrau t Rev. J- A- • v/-j^ Urthabaska.. . .
Perrau , Hon. J. E., G.K Montreal
Perrault,J. -> ••••••,■/",•::. -d ;r,<:»o„v;ili
Perrier. Succ. A cp! | Mackay.: . • HST,'""
?SSew. Ei.':.: M.D..: :;.:;;: iF-ervMo.
Phaniuf M. rabbe J. M 9e°r"hrres.-
Pigeon P.. . ■ k'Orignal, Ont.
Pi on. Rev. Jos ; ! ! . . . Montr6al
Pi on, J^ A. M K Conception,
Pilon, Rev. J. 1^.. Edmonton, Alta.
Pilon. Rev Maxime •.•••■•.: .MoMreal. ..
Pilon, V A. FraserviUe.
Pineau , J- 1^ - • • ; ' V ' * " r '. East Angus.
P amondon Rev. J. A. K Valleyfield.
Plante, A. Av u
Plante, Mme. M • • • ' y^^dun. . .
Plante, iM. t, ox_ pose
Plouffe, Marcelle. I^te. Kose.
Plouffe, PiiuUne ! ! St. L6on. .: : 1 ! 1
Plourde, A. rJ -,• • •. Hull
Poirier, Dme Vve Clovis ■ • ■ ■ • ^^^^^.^g- e'.
Pomer, J- A.' ^"^ Joliette ■ ■ • • -^i ^^ ,
Poirier, J- E. • -^ U^ Louis de Kent, N.B.
Poiner, Marcel J^ ^ Carlisle '
Poirier, Simon, Succ ''^'^"
20
1
20
2
5
2
10
5
20
5
1
1
2
5
20
62
67
5
1
5
20
15
10
5
25
20
10
20
15
2
1
19-i
1
5
1
10
1
1
50
50
2
10
1
5
5
5
1
20
20
40
10
30
10
10
1
5
5
10
1
5
2,000 00
100 00
2,000 00
200 00
500 00
200 00
1,000 00
500 00
2,000 00
500 00
100 00
100 00
200 00
800 00
800 00
800 00
800 00
800 00
800 00
500 00
2,000 00
6,200 00
6,700 00
500 00
100 00
500 00
2,000 00
1,500 00
1,000 00
500 00
2,500 00
2,000 00
1,000 00
2,000 00
1,500 00
200 00
100 00
19,400 00
100 00
500 00
100 00
1,000 00
100 00
100 00
5,000 00
5,000 00
200 00
1,000 00
100 00
500 00
500 00
500 00
800 00
100 00
2,000 00
2,000 00
4,000 00
1,000 00
3,000 00
1,000 00
1,000 00
100 00
500 00
500 00
1,000 00
100 00
500 00
300 00
15 00
300 00
30 00
75 00
30 00
1.50 00
75 00
300 00
75 00
15 00
15 00
30 00
120 00
120 00
120 00
120 00
120 00
120 00
75 00
300 00
930 00
1,005 00
75 00
15 00
75 00
300 00
225 00
150 00
75 00
375 00
300 00
150 00
300 00
225 00
30 00
15 00
2,910 00
15 00
75 00
15 00
150 00
15 00
15 00
750 00
750 00
30 00
150 00
15 00
75 00
75 00
75 00
120 00
15 00
300 00
300 00
600 00
150 00
450 00
150 00
150 00
15 00
75 00
75 00
150 00
15 00
75 00
LIST OF SHAREHOLDERS
641
SESSIONAL PAPER No, 8
LA SAUVEGARDE— Cow/mwed
List of Shareholders — Continued
Name
Address
No. of
shares
Amount
subscribed
Amount
paid in
cash
Poitras, Rev. E
Pontbriand, H. M.,M.D..:
Potvin, Mme H. R
Potvin , W. A. , Succ
PouHn, Rev. C
Pouliot, Rev. J. B. E
Pouliot, Rev. P. A
Prefontaine, Isaie
Prel'ontaine, Thos
Prevost, Hon. Jean B.B.,Av., Succ
Prieur, O. P
Prince, Succ. Rev. A. B
Proulx, E., M.P
Proulx, LouLs
Proulx, W. J., N. P
Provost, Alp. E
Prud'homme, A
Quinn, Rev. T
Raymond, Donat
Raymond , F
Raymond, Z. N., N.P
Reid, Rev. F., Succ
Reid, Rev. J. A
Remillard, Rev. J. N
Renaud, Rev. A. M
Renault, Dame A. M
Ricard, J. C. A., M.D
■ Ricard , J. O ■
Ricard, L. N., N.P
Richard , Rev. A
Richard, Rev. D
Richard, Mme. Josephine, V. W. Larue
Richard, Rev. S. A. E
Richard, Phiilippe, M.D
Riou, S. C
Rivard, Rev. E. A
Rivet, L. A
Robert, Marcelin
Roch, M
Rochon, Rev. E
Ross, J. A., M.D
Rouleau, Avila, N.P
Rousseau, Arthur, M.D
Rousseau, Maurice
Roussin, Rev. J. O
Routhier, Succ. Sir. A. B
Routhier, DUe Angeline
Roux, Rev. J. M
Roy, Rev. C.J
St. C16ophas.
Sorel
Fraserville. ..
Clarence Creek, Ont.
Essex Jet., Vt.,E.U..
St. Laurent, I.O
Montreal
St. Jer6me
Valley field
Nicolet
L'Orignal, Ont
St. Pierre
Montreal
Ottawa, Ont
Montreal
Nicolet
Montreal
Ste. Scholastique.
Lachute
Rigaud
Hudson
Les Cadres
Chapeau
Beauceville
Grand'Mere
Montreal
St. Damase
Minneapolis, Minn.,E.U
Quebec
St. Eugene
Montmagny
Riviere du Loup
St. Robert
Montreal
St. Blaise
L'Epiphanie
Papineauville
Ste. Flavie
St. Barthelemi
Quebec
Montmagny ,
Pointe aux Trembles —
Quebec
Roy, Hector, M.D
Roy, Henri
Roy, Rev. J. A
Roy, J. E
Roy, Rev. J. H. Succ
Roy, Rev. M. A. V
Royal, P., M.D
St. Cyr, Alf
St. Denis, A. J., H., N.P
St. Germain, F
St. Germain, P., Av
St. Jacques, D. E., M.D
St. Jean, Rev. J. A. G
St. Laurent, Rev. Jos
Ste. Marie, J. W., Av
Ste. Marie de Monnoir, Petit Sem
St. Onge, F. X
Seminaire de St. Sulpice
8—41*
Montreal
St. Gerard de Lac Wee-
don
Cote St. Paul
Montreal
Henryville
New Carlisle
Sherbrooke
Ste. Rosalie
Lorette, Man
Montreal *.
Newport.
Hull
St. Jean. .
Montreal.
1
2
5
10
1
6
3
20
20
1
2
1
2
1
30
10
10
4
20
10
5
2
10
5
5
5
10
10
10
1
10
2
2
22
20
5
1
20
2
20
1
5
10
25
50
40
20
10
5
10
1
2
2
5
1
10
2
61
2
5
10
10
5
5
5
15
1
S cts.
100 00
200 00
500 00
1,000 00
100 00
600 00
300 00
2,000 00
2,000 00
100 00
200 00
100 00
200 00
100 00
3,000 00
1,000 00
1,000 00
400 00
2,000 00
1,000 00
500 00
200 00
1,000 00
500 00
500 00
500 00
1,000 00
1.000 00
1,000 00
100 00
1,000 00
200 00
200 00
2,200 00
2,000 00
500 00
100 00
.2,000 00
200 00
2,000 00
100 00
500 00
1,000 00
2,500 00
5,000 00
4,000 00
2.000 00
1,000 00
500 00
1,000 00
100 00
200 00
200 00
500 00
100 00
1,000 00
200 00
6,100 00
200 00
500 00
1,000 00
1,000 00
500 00
500 00
500 00
1,500 00
100 00
cts.
15 00
30 00
75 00
150 00
15 00
90 00
45 00
300 00
300 00
15 00
30 00
15 00
30 00
15 00
450 00
150 00
150 00
60 00
300 00
150 00
75 00
30 00
1.50 00
75 00
75 00
75 00
150 00
1.50 00
1.50 00
15 00
150 00
30 00
30 00
330 00
300 00
75 00
15 00
300 00
30 00
300 00
15 00
75 00
150 00
375 00
750 00
600 00
300 00
150 00
75 00
150 00
15 CO
30 00
30 00
75 00
15 00
150 00
30 00
915 00
30 00
75 00
150 00
150 00
75 00
75 00
75 Oo
225 Oo
15 00
642
DEPARTMENT OF lySL'RANCE
LA SAUVEGARDE— Concluded
List or Shareholders — Concluded
11 GEORGE V, A. 1921
Name
Address
No. of
shares
Amount
subscribed
Amount
paid in
cash
Ste. Th^rJ-se, Sem. de.
Sabourin, Rev. A. P. . .
Salvas, Jean, Succ
Santoire, A. T. Z
Savard,Ed.,M.D
Savard, Jos., N.P
Savoie, F. T
Seguin, P. A., M.P
S6minaire de Quebec. .
Sicard, Rev. Chs
Sirois, N. A.,M.D
Sirois, L. P., N.P
Smith, Rev. Th
Solis, E. H
Sormany, Alph., M.D
Surveyer, A
Surv'eyer, L. J. A., Suce
Survej-er, E. Fabre, Hon. Juge
Sj'ndicat G.N. Ducharme, Succ. Hon.
J. A. Ouimet, Hon. N. Perodeau, Hon
F. L. Beique, Hon. R. Dandurand,
et N. A. Belcourt
Tanguaj% Mgr. E. C
Tarte, L.J
Taschereau, C. E., N.P
Tellier, J. M
Te.ssier, Hon. Aug
Therrien, Rev. J
Thibaudier, Rev. L. V., V.G
Thibeault, J
Tisseur, Rev. F. X
Tobin, E. \Y
Tourangeau, A.J
Tourangeau, RaouL . . . ."
Tourigny, F. L. S
Tourigny, Olivier, M.D
Tremblay, Rev. Abel
Trempe, J. B :
Trepanier, J. P., N.P., Succ
Triganne, J. Z., M.D., Succ
Trudeau, Rev. P. A
Trudel, Rev. Her\'e
Trudel, J. Benoit
Trudel, Rev. J. R. J
Trudel, J. T
Turgeon, Hon. Ad
Vachon, A. O
Valli^res, S. D
Valois, J. A., Succ
Valois, J. B. A
Valois, Succ, J. E., N.P
Valois, P. A., M.D
Vaudreuil, Rev. J. A
Vaarie, Jos
Vernier, Geo. R
Veronneau, Louis, N.P
Vervulle, Alp., M.P
Viel, Jos
Vignault, Rev. J. L
Villeneuve, F. Dame, Succ
Vincent, Mme. G. M
Vincent, Rev. J. C
Wilson, C. ep G. W. Holmes
Wilson, Hon. J. M
Woods, J. C, M.D
Young, Herman
Ste. Therese
St. Louis de Gonzague. .
Yamaska
St. Chrysostome
Chicoutimi
Quebec
Plessisville
St. Paul I'Ermite
Quebec
Sorel
Ste. Anne de la Poca-
ti^re
Quebec
Maria
Montreal
Shediac, N.B
Outremont
Montreal
Sherbrooke
Montreal
Quebec
Joliette
Rimouski
Underbill, Vt., E.U.
Gentilly
Montreal
Coteau da Lac
Brompton Ville
N. D. de Grace
Montreal
Trois Rivi&res
St. Hermenegilde
Outremont
Montreal
Southbridge, Mass. . .
St. Thos. d'Aquin . . .
Trois Rivieres
Shawinigan Falls
St. Etienne des Grfes.
St. Prosper
Quebec
Thetford Mines
Montreal
Vaudreuil
Vaudreuil Station
Lachute
Lachine
Scotstown
France
Coteau Landing
Yamaska
Montreal
Riviere du Loup
Ste. Beatrice
Montreal
Ottawa, Ont
Valley field
Montreal
Ottawa, Ont.
Quebec
10
10
20
10
5
2
5
5
2
5
1.5
30
10
50
1
20
10
20
836
35
4
25
10
5
3
10
10
5
20
1
1
5
10
30
1
5
5
1
1
5
2
10
1
2
4
5
10
10
5
1
3
2
10
2
10
5
2
30
5
50
100
5
5
$ cts.
1,000 00
1,000 00
2,000 00
1,000 00
500 00
200 00
500 00
500 00
200 00
500 00
1,500 00
3,000 00
1,000 00
5,000 00
100 00
2,000 00
1,000 00
2,000 00
83,600 00
3,500 00
400 00
2,500 00
1,000 00
500 00
300 00
1,000 00
1,000 00
500 00
2,000 00
100 00
100 00
500 00
1,000 00
3,000 00
100 00
500 00
500 00
100 00
100 00
500 00
200 00
1,000 00
100 00
200 00
400 00
500 00
1,000 00
1,000 00
500 00
100 00
300 00
200 00
1,000 00
200 00
1,000 00
500 00
200 00
3,000 00
500 00
5,000 00
10,000 00
500 00
500 00
cts.
150 00
1.50 00
300 00
150 00
75 00
30 00
75 00
75 00
30 00
75 00
225 00
4.50 00
150 00
750 00
15 00
300 00
150 00
300 00
12,540 00
525 00
60 00
375 00
150 00
75 00
45 00
1.50 00
150 00
75 00
300 00
15 00
15 00
75 00
150 00
450 00
15 00
75 00
75 00
15 00
15 00
75 00
30 00
150 00
15 00
30 00
60 00
75 00
150 00
150 00
75 00
15 00
45 00
30 00
1.50 00
30 00
150 00
75 00
30 00
450 00
75 00
750 00
1,500 00
75 00
75 00
11,960
$1,196,000 00
S 178,500 00
LIST OF SHAREHOLDERS
643
SESSION'AL PAPER No. 8
THE SECURITY LIFE INSURANCE CO. OF CANADA.
List of Directors — (As at February 16, 1921).
Brig.-Ger. Sir Henry Pellatt, C.V.O., Pres.; J. O. McCarthy, Vice-Pres. and Gen. Manager; Victor Morin,
W. W. Hiltz.W.O.McTaggart, Mark Workman, J. P. Laporte, M.D.,W. H. Elliott, B. F. Ackerman,
J. F. Brown, Dr. J. W. Russell, Col. J. B. Miller, H. C. Scholfield, H. J. Daly, J. Godbout.
List of Shareholders — (As at December 31, 1920).
Name.
Address.
No. of
shares.
Amount
subscribed.
Amount
paid in
cash.
Ackerman, B. F
Aitkin, R. T. D
Alexander, W. W., M.D
Amiot, Chas., M.D
Anderson, J. C
Archambault, D.E., M.D. (estate).
Archambault, E., M.D
Archambault, J. M. D
Archambault, L., M.D
Archambault, Mde. R
Archambault, R. A., M.D
Armes, J. G
Arpin, Joseph, M.D
Aubin, W. A
Auger, E. L., M.D
Ayotte, J. B., M.D...
Badeaux, J. M., M.D.
Baker, Miss I#. L
Barber, G. W., M.D..
Barker, A. J
Barker, H
Beattie, Mrs. C. L... .
Beauchenes, R., M.D.
Beaudoin, Mrs. C
Beaudoin, C. W., M.D.. .
Beaudry, J. A., M.D
Becotte, H., M.D
Bedard, F. J., M.D
Belanger, J. D., M.D....
Belanger, J. E., M.D
Belleau,E. T., M.D
Bellemare, J. 0.,M.D...
Bennett, A. C, M.D
Bentley, J. S., M.D
Berthiaume, O. N
Bier, T. H., M.D
Bingham, Geo. S., M.D.
Birkett, T. M
Biron, C.B., M.D
Boivin, Elz
Bonhomme, P. (estate)...
Bortor, CM.,
Boucher, L.G.E., M.D... .
Bourget, J. E., M.D
Bourke, W
Bousquet, G., M.D
Brassard, A., M.D
Brazeau, A
Brosseau, (Rev.) J. A. M.
Brown, Chester
Brown, J. F
Bruchesi, C. E
Brun, J. A. E., M.D
Brunelle, E.,M.D
Burnett, Wm., M.D
iurrows, Wm
Peterborough, Ont
Calgary, Alta
Lachute, P.Q
Verdun, P.Q
Toronto, Ont
Hull, P.Q
Grondines, P.Q
Montreal, P.Q
St. Dominique, P.Q
Montreal, P.Q
Lachine, P.Q
Hamilton, Ont
Montreal, P.Q
Detroit, Mich
Ste. Helena de Bagot,
P.Q
Three Rivers, P.Q
Munroe, Ont. . . ,
Brantford, Ont.
Weston, Ont. . .
Alliston, Ont
St. Ephrem de Tring
P.Q
Montreal, P.Q
Ste. Brigide, P.Q
Granby, P.Q
Vaudreuil, P.Q
Montreal, P.Q
Ville de Lauzon, P.Q.. . .
Arthabaska, P.Q
St. Jean Baptiste, P.Q. .
Toronto, Ont
St. John, N.B
Montreal, P.Q
Brantford, Ont
Hamilton, Ont
Ottawa, Ont
St. Sophie de Levrard
P.Q
Chicoutimi, P.Q
Montreal, P.Q
Niagara Falls, Ont
St. Valerien, P.Q
Montreal, P.Q
Sault St. Marie, Ont
Varennes, P.Q
Valleyfield, P.Q
Montreal, P.Q
St. .Jerome, P.Q
Newmarket, Ont
Toronto, Ont
Montreal, P.Q
West ShefTord, P.Q
Beloeil,P.Q
Montreal, P.Q
Newmarket, Ont
150
10
1
2
40
1
1
10
1
5
25
2
11
50
1
5
1
10
5
5
10
10
1
25
10
10
1
20
10
50
5
5
1
10
1
50
5
1
1
2
25
10
60
25
1
1
10
10
$ cts.
15,000 00
1,000 00
100 00
200 00
4,000 00
100 00
100 00
1,000 00
100 00
500 00
2,. 500 00
200 00
1 , 100 00
5,000 00
100 00
500 00
100 00
1,000 00
500 00
500 00
1,000 00
1,000 00
100 00
2,500 00
100 00
100 00
100 00
100 00
100 00
500 00
100 00
100 00
1,000 00
1,000 00
100 00
2,000 00
1,000 00
5,000 00
500 00
500 00
100 00
1,000 00
100 00
5,000 00
500 00
100 00
100 00
200 00
2,. 500 00
1,000 00
6,000 00
2,500 00
100 00
100 00
1,000 00
1,000 00
cts.
6,000 00
300 00
100 00
80 00
1,600 00-
40 00
40 00
40 00
500 00
80 00
40 00
2,000 00
40 00
1.50 00
30 00
400 00
200 00
200 00
400 00
400 00
30 00
1,000 00
100 00
40 00
100 00
40 00
30 00
200 00
40 00
40 00
400 00
400 00
40 00
800 00
400 00
200 00
200 00
100 00
400 00
40 00
400 00
150 00
40 00
100 00
80 00
400 00
2,400 00
1,000 00
40 00
40 00
400 00
400 00
644
DEPARTMENT OF INSURANCE
THE SECURITY LIFE— Continued.
List of Shareholders— Continued.
11 GEORGE V, A. 1921
Name.
Address.
Toronto, Ont
TViistlctown, Ont
Oshawa, Ont
Thorold, Ont
Montreal, P.Q
St. Isidore, T-Q--- •• •
Pont Maskinonge, P.Q.
Chicoutinii, P.Q...
St. Magdelaine, P.Q...
Calvert, A. E -^
Cameron, Thos. \\m
Campbell, Duncan..
Campbell, Neil, M.D-
Campcau, E. C, M.D
Carignan, L., M.D
Caron, L. T.,M.D
Carrier, L. H... . . ^ ^^ ^,xc^^^
Cartier, A. P., M.D Montreal, P.Q
Casgrain, llomco.^ «
Chagnon, 1^- f-'.^^- Vv ' » ' Harriston, Ont
Chambers, \\ . C., M L^A Montreal, P.Q
Champagne, J. A., M.D .<
Charbonneau, H. E u
Cholette, A.M., M.D U^ p-^^ p q
Choquette, E... ■ • • • • v/ t^ St. Hilaire, P.Q
Choquette Hon. E. M.D Ottawa, Ont
Church, Maud L. (Mrs.) Preston, Ont
Clare, Geo. A. (estate) Lachine Locks, P.Q.. .
Clement, J. A., M.D Montreal, P.Q. ■■■■■■■
Cleroux, \ ., M.D.. ^ ^ Broughton, P.Q..
Cliche, J. E., M.D
Cloutier, A.O., M.D
Cloutier, G., M.D
Cloutier, N., M.D
No. of
shares.
Colin, A.O.A., M.D.
Colin, J.E., M.D
Nicolet, P.Q •;••
St. Georges East, P.Q
St Charles, Bellechasse,
P.Q
Grand M&re, P.Q. . -^ • • •
St Theophile du Lac,
P.Q
St. Hvacinthe, P.Q-
Collette, A M.D. . .^. • ; jparnham, P.Q.
Comeau, M. M. J. E., Mrs Welland, Ont...
Coniam, A. .J Thornbury, Ont.
Conn, E., Miss... Ormstown, P.Q.
Cooper, N . A., M.D Ingersoll, Ont.. .
Cornish, C. C Metabetchouan, P.Q-
Cote, J. A..^. .■•••■•• St. Justin, P.Q.
CoulomlDe, C J., M.D • • Victoria, BX'.
225
4
5
25
2
2
1
10
1
74
100
50
302
100
50
1
1
5
10
5
2
1
1
5
Courtney. HE.A.. Tingwick, P.Q;..- ■■■-■■ '
Couture, C. F., M-D Portage-la-Prairie, Man.
Cowan, S.B., M.D Winnipeg, Man
Coyne, J; B.-- . • ■ • • • Toronto, Ont
Crawford, Hon. Thos^ Montreal, P.Q. ■ .
Dagenais E. G M p ■ • • U ^^^^ y^i^^ p.Q.
Daigneault, F. H., M.D Toronto, Ont
Daly, H. J.^ Joliette, P.Q
Daly, Mrs. \- -■ ■ Verch^res, P.Q..
Dansereau, P., IVLIJ;^ Hamilton, Ont. .
Davey, Jas. E., M.D Alton, N.Y.
Davis, H. \ • • V , V. ; : ; jottawa, Ont.
Dawson, L. M., M.D U^ Agathe des Monts,
Daze,J. N.R.,M.D
, P.Q.
Dorval, P.Q.
Decary , Augusts
Decary, Avila. iLachine, P.Q.
Decary, Ernest Chicoutimi, P.Q.
Delisle, G._. ....._ ' ; Montreal, P.Q.
Delisle, J. F., M.D
Dell, (Miss) M.D
Denis, Art. M.D
Denis, H. & A
Dery, H.,. _ . . ■ Ichieoutimi, P.Q.
Desbiens, L. 1 g^ Paschal, P.Q.
Deschesnes, B. M..^. -^ '. Beauharnois, P^^-
Desgrosedlers, A., M..D U^^ Gertrude, P.Q-
Desilets, J. E., M.D U^^ Ther^se, P.Q..
Desjardins L., M.D Roxton Falls, P.Q-
Desorcy,.Chas., M.D iMontrfeal, P.Q.
Desmarais, E
Amount
subscribed.
S cts.
22,500 00
400 00
500 00
2,500 00
200 00
200 00
100 00
1,000 00
100 00
7,400 00
10,000 00
5,000 00
30,200 00
10,000 00
5,000 00
100 00
100 00
500 00
1,000 00
500 00
200 00
100 00
100 00
500 00
Amount
paid in
cash.
1
1
1
1
1
20
10
1
10
25
3
10
1
10
25
25
1
1
25
10
5
10
10
10
1
25
25
25
2
1
3
1
10
50
25
2
1
1
1
1
5
100 00
100 00
100 00
100 00
100 00
2,000 00
1,000 00
100 00
1,000 00
2,500 00
300 00
1,000 00
100 00
1,000 00
2,500 00
2,500 00
100 00
100 00
2,500 00
1,000 00
500 00
1,000 00
1,000 00
1,000 00
100 00
2,. 500 00
2,500 00
2,500 00
200 00
100 00
300 00
100 00
1,000 00
5,000 00
2,500 00
200 00
100 00
100 00
100 00
100 00
500 00
$ cts.
9,000 00
160 00
200 00
1,000 00
80 00
80 00
40 00
400 00
40 00
2,655 50
3,975 00
2,000 00
8,080 00
400 00
40 00
40 00
200 00
400 00
200 00
80 00
30 00
40 00
200 00
40 00
40 00
40 00
40 00
40 00
800 00
400 00
40 00
400 00
1,000 00
120 00
300 00
40 00
200 00
500 00
1,000 00
40 00
40 00
1,000 00
400 00
200 00
400 00
400 00
400 00
40 00
80 66
40 00
120 00
40 00
400 00
■ 1^666 66
80 00
40 00
40 00
40 00
40 00
200 00
LIST OF SHAREHOLDERS
645
SESSIONAL PAPER No. 8
THE SECURITY LIFE— Continued.
List of Shareholders — Continued.
Name.
Desrochers, E., M.D
Desrochers, J. S
Desrosiers, C, M.D
Desrosiers, G. M. D
Desrochers, J. H., M.D...
Detenbeck, Chs. W
Dickinson, G.A., M.D
Dillon, Thos. Joseph
Dion, Mrs. Y
Dionne, L.A., D.D.S
Doray, L., M.D
Dorricott, Jos
Doyon, H ,
Drouin, J. A., M.D
Dube, J. E., M.D
Dubreuil, R
Dufort, Geo
Dufour, J
Dufresne, J. A., M.D
Duhamel, A. A., M.D....
Dumas, J. E., M.D
Dumont, A. E., M.D
Dumont, R., M.D
Duncan, John, M.D
Duval, A
p:ccles, R. M.,M.D
Elliott, H. R.,M.D
Elliott, R.,M.D
Elliott, W. H
Ellis, Wm. Leonard, M.D.
Eves, M. A. )Mi-s.)
Farncomb, T.S., M.D....
Farrell, A. R., M.D
Ferland, A., M.D
Ferron, G. A., M.D
Ferron, P.N., M.D
Feuiltault, F. X., M.D....
Fisher, A. J., M.D
Forest, J. B. N., M.D
Forest, Jos. Oswald... .
Fortin, J. L.,
Fournier, J. E
Frechette, M.H., M.D.
Fuller, G.F.L., M.D...
Gadoury, J. A
Gadoury, J. O., J.D
Gagner, Paul, M.D
Garceau, D. J
Gareau, J
Garneau, P. N., M.D
Gatien, F. H. M.D
Gatien, J.F.A
Gaudet, J.A.L., M.D
Gaudet, W., M.D
Gauthier, A. A., M.D
Gauthier, E., M.D
Gauthier, J. C. S., M.D., Estate.
Gauthier, L. A
Geoffrion, L., M.D., Estate
George, N., M.D
Gervais, J. E., M.D...,.
Gervais, Theo, M.D
Gingras, O. Leonide
Girard, J., M.P
Girard, J. O. G
Address.
Montreal' P.Q
Joliette, P.Q
Ste. Elizabeth, P.Q
St. Felix deValois, P.Q. .
Beauceville West, P.Q. .
Oshawa, Ont
Port Hope, Ont
Welland, Ont
Valleyfield, P.Q
St. Jerome, P.Q
Pointe du Lac, P.Q
Toronto, Ont
Normandin, P.Q
Grande Bale, P.Q
Montreal, P.Q
St. C'esaire, P.Q
L'Ephiphanie, P.Q
Grande Bale, P.Q
Shawinigan Falls, P.Q. .
Ste. Ursule, P.Q
St. Germain, P.Q
Shawinigan Falls, P.Q. .
Beloeil, St., Que
Toronto, Ont
Montreal, P.Q
Bhssfield, Mich., U.S.A
Niagara Falls, Ont
Ormstown, P.Q
Toronto, Ont
St. John West, N.B
Newmarket, Ont
Trenton, Ont
Toronto, Ont
Montreal, P.Q
Grand Mere, P.Q
St.Louis de Ha Ha.P.Q.
Rock Island, P.Q
New Liskeard, Ont
St. Lin des Laurentides,
P.Q
St. Rochl'Achigan.P.Q.
Montreal, P.-Q
St. Jerome, P.Q
St. Stanislas, P.Q
Cowansville, P.Q
St. Gabriel de Brandon,
P.Q
Berthierville, P.Q
St. Aime, P.Q
Shawinigan Falls, P.Q . .
Montreal, P.Q
Stanfold.P.Q
Lachine, P.Q
Montreal, P.Q
Ste. Perpetue. P.Q
Montreal, P.Q
Ste. Julienne, P.Q
Montreal, P.Q
Ste. Pie, P.Q
Lawrenceville, P.Q
London, Ont
St. Jovite, P.Q
Berthierville, P.Q
Village Richelieu, P.Q.
St. Gedeon, P.Q
Montreal, P.Q
No. of
shares.
10
1
3
1
5
5
4
60
1
10
1
5
10
1
50
11
2
50
1
2
1
2
1
10
2
20
10
1
40
10
10
1
1
1
1
1
1
5
5
25
50
1
1
1
3
5
1
3
9
1
5
25
5
1
1
5
1
5
1
5
1
5
8
3
10
Amount
subscribed.
$ cts,
1,000 00
100 00
300 00
100 00
500 00
500 00
400 00
6,000 00
100 00
1,000 00
100 00
500 00
1,000 00
100 00
5,000 00
1,100 00
200 00
5,000 00
100 00
200 00
100 00
200 00
100 00
1,000 00
200 00
2,000 00
1,000 00
100 00
4,000 00
1,000 00
1,000 00
100 00
100 00
100 00
100 00
100 00
100 00
500 00
500 00
2,500 00
5,000 00
100 00
100 00
100 00
300 00
500 00
100 00
300 00
900 00
100 00
500 00
2,500 00
500 00
100 00
100 00
500 00
100 00
500 00
100 00
500 00
100 00
500 00
800 00
300 00
1,000 00
Amount
paid in
cash.
cts.
40 00
60 00
40 00
200 00
200 00
160 00
2,400 00
40 00
50 00
40 00
200 00
100 00
30 00
500 00
440 00
80 00
1,083 00
40 00
80 00
40 00
80 00
40 OO
400 00
13 33
800 001
40 00
1,600 00
400 00
400 00
40 00
40 00
40 00
40 00
40 00
40 00
200 00
200 00
1,000 00
40 00
40 00
40 00
120 00
200 00
40 00
120 00
135 00
40 00
100 00
150 00
200 00
20 00
40 00
100 00
40 00
200 00
20 00
100 00
40 00
200 00
320 00
120 00
646
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 192T
THE SECURITY LIFE— Continued
List of Shareholders — Continued
Name.
Giroux, N. G., M.P.
•Godbout, J
•Golden, A. H
■Gooder, G. J
<3oudreault, J. E., M.D.
•Gowanlock, A. G
Goyet, Jos. Florus
Goyette, F. X.P., M.D.
Gracey, A ■ • •
Graham, Miss Emma C
Grant, Chas. H
Grant, J. A. C., M.D... .
Grenier, E. P., M.D.....
Greenwood, F. S., M.D.
Grenon, J. F • .
Grignon, L. G.E.,M.D.
Grubbe, C.C
Guay, J. D :•■
Guenette, J. A., M.D.
Hamel, F.A
Hamelin, R., M.D
Harbeck, J. C
Harris, R. V
Harvie, Jas. A., M.D
Hastings, E. R., M.D
Hebert, A. J., M.D
Heyland. R
Hill, Bruce, M.D
Hiltz, W". W
Huckell, J
Hudgins, Jas. N
Hudson, H.P
Hume, John
Hurtubise, E., M.D
Irvine, W. H
Jackson, G. F., M.D
Jeffs, Wm. H., M.D
Jenkins, S. R., M.D
Jette, R
Johns, R. N...........-:-
Johnson, K. C. O. (Miss).
Johnston, D., M.D
Johnston, J. A., M.D
Jones, Jas. E
Kane, J., M.D
Kane, J. A., M.D
Kavanagh, Lajoie & Lacoste.
Keast, C. E
Kelly, J- K., M.D
Keys, Wm. Jos
Labelle, E., M.D
Labreche, J. A., M.D
Lacerte, N., M.D
Lachance, E v^ • ■;; A' '
Lacoursiere, L. N. E., M.D..
Laf<ond, A. E. (in trust)
Lafond, Mrs. A. E
Lafond, Miss Rhea V
Lafond, Romeo
Lafortune, E., M.D
Lafresni6re, A., M.D
Lague, L., M.D
Lalanne, P. E., M.D
Address.
No. of
shares.
Ste. Anne de Beaupre,
P.Q
Montreal, P.Q
St. Johns, P.Q
Toronto, Ont
Montreal, P.Q
Toronto, Ont
St. Ambroise de Kildare
P.Q ••
Montreal, P.Q
Weston, Ont
Montreal, P.Q
Strathcona, Alta
Gravenhurst, Ont
Montreal, P.Q
St. Catharines, Ont
Chicoutimi, P.Q
Ste. Agathe des Monts,
P.Q
Weston, Ont
Montreal, P.Q
St. Anne de Bellevue,
P.Q
Picardville, Alta
Montreal, P.Q
St. Jean, P.Q
Halifax, N.S
Coldwater, Ont
Toronto, Ont
Montreal, P.Q
Toronto, Ont
Winnipeg, Man
Toronto, Ont
Ottawa, Ont
Belleville, Ont
Aylmer, East P.Q
Port Hope, Ont
Montreal, P.Q
Toronto, Ont
Haileybury, Ont
Toronto, Ont
Charlottetown, P.E.I. .
Montreal, P.Q
Oshawa, Ont
Toronto, Ont
Iroquois, Ont
Quebec, P.Q
Toronto, Ont
Riviere du Loup Sta.,
P.Q.--
Cobalt, Ont
Montreal, P.Q
Thornbury, Ont
Almonte, Ont
Weston, Ont
RoxtonPond, P.Q
St. Roch I'Achigan, P.Q
Levis, P.Q
Montreal, P.Q.....
St. Tite, P.Q
Montreal, P.Q
St. Simon, P.Q...
St. Nazaire, P.Q..
Amount
subscribed.
1
100
5
5
1
5
2
1
2
25
10
5
1
20
3
2
10
10
1
5
25
25
5
10
10
25
5
10
100
10
5
1
20
2
2
5
10
25
10
8
5
1
15
20
1
5
25
5
10
5
1
11
1
3
1
136
30
5
10
1
2
2
25
Amount
paid in
cash.
S cts
100 00
10,000 00
500 00
500 00
100 00
500 00
200 00
100 00
200 00
2,500 00
1,000 00
500 00
100 00
2,000 00
300 00
200 00
1,000 00
1,000 00
100 00
500 00
2,500 00
2,500 00
500 00
1,000 00
1,000 00
2,500 00
500 00
1,000 00
10,000 00
1,000 00
500 00
100 00
2,000 00
200 00
200 00
500 00
1,000 00
2,500 00
1,000 00
800 00
.500 00
100 00
1,500 00
2,000 00
100 00
500 00
2,500 00
500 00
1,000 00
500 00
100 00
1,100 00
100 00
300 00
100 00
13,000 00
3,000 00
500 00
1 , 000 00
100 00
200 00
200 00
2,500 00
cts.
40 00
4,000 00
200 00
200 00
40 00
144 00
80 00
40 00
80 00
1,000 00
200 00
200 00
40 00
800 00
120 00
80 00
400 00
40 00
150 00
1,000 00
1,000 00
170 00
400 00
400 00
200 00
200 00
4,000 00
300 00
200 00
40 00
800 00
80 00
80 00
100 00
400 00
1,000 00
350 00
320 00
200 00
40 00
600 00
600 00
40 00
200 00
1,000 00
200 00
400 00
200 00
40 00
440 00
40 00
40 00
4,755 80
1,200 00
200 00
40 00
80 00
80 00
40 00
LIST OF SHAREHOLDERS
647
SESSIONAL PAPER No. 8
THE SECURITY LIFE— Continued.
List of Shareholders — Continued.
Name
Lamarche, L. A., M.D .•
Lamarche, S., M.8
Lambly, W.O., M.D
Lamy, E., M.D
Lane, J. W. (estate)
Langevin, S., M.D
Lanneville, J. H., M.D
Lapierre, H., M.D
Lapointe, A. A., M.D
Laporte, J. P., M.D
Laroche, S. W., M.D
Larochelle, A. R., M.D. (estate)
LaRocque, C. M. D
Larose, J. H., M.D
Larue, D., M.D
Larue, W. H
Laurendeau, A., M.D
Laurier, R. C, M.D
Lavallee, Francois (estate)
Lebel, J. G. D
Lebel, M. H., M.D
Leblanc, J. G., M.D
LeCavalier, A
Leclerc, A., M.D
Leduc, J. H., M.D
Leduc, J. P., M.D
Leduc, J. R., M.D
Lee Kum
Lefebvre, J. W., M.D
Legault, H., M.D
Legendre, L. P., M.D
Legris, M
Lemire, H., M.D
Lepage, L. F., M.D
LeRiche, L. E., M.D
Lesage, Miss Emma ,
I^esage, Z. H
Letendre, Geo., M.D
Letendre, J. C. B., M.D
Levesque, Elz
Lippe, Jos., M.D
Lipsey, C. H., L.D.S
Logan, H., M.D
Lumsden, John
Lussier, J. A., M.D
Lussier, L., M.D
Lussier, P., M.D
McBride, C. W., L.D.S
McCarthy, J. O
McCarthy, J. O. (in trust)
McCarthy, Mrs. Mary
McClellan, H.B
McCorkell, R. C, M.D. (estate)
McCutcheon, R
McEwen, J. R., M.D
McLaren, D
McMann, Leslie
McMullen, R. F
McNulty, J
McPhedran, Alex., M.D
MacRae, R. H., M.D
Address
Mascouche, P.Q
Ste. Scholastique, P.Q
Sherbrooke, P.Q
Chambord, P.Q
Toronto, Ont
Montreal, P.Q
Daveluyville, P.Q
St. Antoine, P.Q
St. Felicien, P.Q
Joliette, P.Q
Valleyfield, P.Q
Sorel, P.Q
Montreal, P.Q
Waterloo, P.Q
St. Germain de Gran-
tham, P.Q
Montreal, P.Q
St. Gabriel de Brandon,
P.Q
Montreal, P.Q
St. Jean Port Joli, P.Q.
Montreal, P.Q
Champlain, P.Q
Lachine, P.Q
Quebec, P.Q
Three-Rivers, P.Q...
Marieville, P.Q
Montreal, P.Q
Toronto, Ont
LaBaie, P.Q
St. Andre d'Argenteuil,
P.Q
Ste. Croix, P.Q
St. Hyacinthe, P.Q..
Montreal, P.Q
Rimouski, P.Q
Montreal, P.Q
St. Alexis des Monts,
P.Q
Montreal, P.Q
Danville, P.Q
St. Germain de Graa
tham, P.Q
Chicoutimi, P.Q
St. Ambroise de Kildare
P.Q
Edmonton, Alta
Niagara Falls, Ont. . .
Ottawa, Ont
Montreal, P.Q
Boucherville, P.Q. . . .
Montreal, P.Q
Smith's Falls, Ont —
Toronto, Ont
Stratford, Ont...
Westmount, P.Q.
Montreal, P.Q. ..
Huntingdon, P.Q.
Toronto, Ont
Thorold, Ont
Mt. Forest, Ont..
Montreal, P.Q
Toronto, Ont
Bury, P.Q
No. of
shares
10
1
1
5
1
100
1
10
2
450
1
1
50
1
1
10
1
1
2
10
200
1
25
1
1
1
1
2
i
1
1
1
26
1
1
1
10
1
1
2
2
6
10
50
2
1
1
5
60
212
" 1
10
1
10
1
80
25
20
5
125
1
Amount
subscril)ed
S cts
1,000 00
100 00
100 00
500 00
100 00
10,000 00
100 00
1,000 00
200 00
45,000 00
100 00
100 00
5,000 00
100 00
100 00
1,000 00
100 00
100 00
200 00
1,000 00
20,000 00
100 00
2,500 00
100 00
100 00
100 00
100 00
200 00
100 00
100 00
100 00
100 00
2,600 00
100 00
100 00
100 00
1,000 00
100 00
100 00
200 00
200 00
600 00
1,000 00
5,000 00
200 00
100 00
100 00
500 00
6,000 00
21,200 00
100 00
1,000 00
100 00
1,000 00
100 00
8,000 00
2,500 00
2,000 00
500 00
12,500 00
100 00
Amiount
paid in
cash
•S cts.
400 00
40 00
40 00
200 00
40 00
40 00
40 00
400 00
80 00
18,000 00
40 00
40 00
500 00
40 00
40 00
40 00
40 00
80 00
5,920 00
40 00
40 00
40 00
40 00
30 00
30 00
30 00
40 00
40 00
40 00
30 00
40 00
40 00
50 00
40 00
40 00
80 00
80 00
140 00
400 00
1,000 00
60 00
40 00
40 00
200 00
2,400 00
3,200 00
40 00
275 00
40 GO
100 00
3,200 00
1,000 00
800 00
200 00
5,000 00
40 00
648
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
THE SECURITY LIFE— Con/inuecZ
List of Shareholders— Continued
„ , «• r» Toronto, Ont
McTaggart ^V, ' ' \V VS Bury, P.Q
MacDona d. Alex.. M.U ■ • U u, Ont. . . .
MacDona d, J. D- M.D. Marbleton, P.Q. ■
MacDonald M. fc-., M-U. Toronto, Ont. . . .
MacMalh, Hugh (estate) Quebec, P.Q
Mahoney, 1 hos. H Chiooutimi, P.Q
Maltais, J. E. . . .■■ g^ Jerome P.Q-
Marchand, J. bti U^ Basile, P.Q--
Marcotte, A., M-D ■ ; Montreal, P-Q- ■ , ,. ,,
Marion, A., M..U g^ Thomas de Johette
Marion, Arthur p q
T T TIT n . . . Joiiette, P.Q----
Marion, J- J- ^'-..ViS St. Jerome, P.Q
Marleau, L. P., M.U Iwelland, Ont
Mason, A. E. . . - ... ••
Masse, J. L. A., M.iJ
St. Thomas de Joiiette,
P.Q ■ •■•
Victoriaville, P.Q.--
Montmagny, P.Q- • -
Pierreville, P.Q
St. Liguori, P-Q----
St. Guillaume, P-O-
Montreal, P.Q
Massicotte, J. P. H., M.D
Masson, R., M.D.^
Maureault, B., M.p^
Melancon, J. A.,M.D-;^■■
Melanc•on, J. L. A., M.U..
Melville, G. A
Methot, W ■ lg|. Catharines, Ont
Meyer, A- ■ ■ • • • St. Pacome, P.Q- - •
Michaud i • \\ - ^ - • - Montreal, P.Q
Migneault, A.,M.U._ a
Mignault, G. E., M.D Toronto, Ont -
Miller, Col. J. K.. g^ Etienne des Gres,
Milette, P., M.D PQ
. T AT -n Montreal, P.Q- •
Millier, A. J., M-D Korth Bav, Ont.
Milne, Frederick
Milne, \\m "
Milne, W . H |g^ Gabriel de Brandon,
Mireault, J. A
Moir, Archibald, M.D
Moody, A. W., M.D
Mooney, M. J., M.D
Moore, Wm. Tyson
Moreau, J. E., M.D .....-- • ■ • ; - p-.^' '
Morin, (Mde.) Alphonsine, ^ee Cote..
Morin, Chas
Morin, G. D
Morin, Victor
Morisset, A., M.D
Morphy, H. L. . • - - • •■
Morton, Chs. S., M-D^
De Moulpied, W ., M.U
Mousseau, J. O., M.D
Muir, Walter L., M.D.
Peterborough, Ont..
Winnipeg, Man
Scotstown, P.Q
Meaford, Ont...^--
St. Eustache, P.Q--
Montreal, P-Q- ■
Chicoutimi, P.Q —
St. Pie, P.Q
Montreal, P.Q
Quebec, P.Q...----
Niagara Falls, Ont.
Halifax, N-S------
Hemingford, P.Q..
Montreal, P.Q
Truro, N.S.
, ^, .;n .. Toronto, Ont
Munns, A. C, M.D U,„:_ tit;ii= r
iiSiSyVE. M. (Miss) \f&Toiu''::
Musson, E.J ....:_. Peterboro, Ont . . .
Nea , i rank, M.D Montreal, P.Q - . .
Noel, 0-. M.D. . .North Bay, Ont. .
Nott, B. F., L.D.9. , PQ
Ouimet, J. M., MT) Terrebonne, P.Q.
Ouimet, M.J., M.D. - - ■ ; Brampton, Ont. .
Packham, ^has R. J . .Weston, Ont
Packham, Miss G. 1-1 «
Packham, Geo «
Packham, Miss Helen A „
Packham, Mrs. M. J «
Packham. Wm. James | Benoit, P.Q. •
Pagfe, J.. M.D
50
1
10
1
5
10
5
10
5
10
1
1
50
10
1
1
2
10
10
10
10
1
200
1
35
1
25
10
10
10
1
20
25
1
10
1
100
2
1
50
1
10
10
1
50
5
4
5
5
13
1
10
2
1
1
1
1
1
1
1
1
5,000 00
100 00
1,000 00
100 00
.500 00
1,000 00
500 00
1,000 00
500 00
1,000 00
100 00
100 00
5,000 00
1,000 00
100 00
100 00
200 00
1,000 00
200 00
200 00
1,000 00
1,000 00
1,000 00
100 00
20,000 00
100 00
3,500 00
100 00
2,500 00
1,000 00
1,000 00
1,000 00
100 00
2,000 00
2,. 500 00
100 00
1,000 00
100 00
10,000 00
200 00
100 00
5,000 00
100 00
1,000 00
1,000 00
100 00
5,000 00
500 00
400 00
500 00
500 00
1,300 00
100 00
1,000 00
200 00
100 00
100 00
100 00
100 00
100 00
100 00
100 00
100 00
2,000 00
30 00
200 00
30 00
200 00
400 00
200 00
200 00
40 00
40 00
40 00
300 00
40 00
40 00
80 00
400 00
80 00
80 00
400 00
400 00
400 00
40 00
7,000 CO
40 00
1,400 00
40 00
225 00
400 00
400 00
400 00
20 00
800 00
500 00
40 00
400 00
40 00
8,400 00
80 00
40 00
4,200 00
40 00
400 00
400 00
40 00
200 00
160 00
200 00
200 00
520 00
40 00
400 00
SO 00
40 00
40 GO
40 00
40 00
40 00
40 00
40 00
40 00
LIST OF SHAREHOLDERS
649
vSESSIONAL PAPER No. 8
THE SECURITY LIFE— Continued
List of Shareholders — Continued
Name
Pageau, J. I., M.D
Paquin, J. E., M.D
Patten, A. O., M.D
Payette, Frs
Pelland, P., M.D
Pellatt, Sir Henry M . . .
Pelletier, A., M.D
Perron, O. E., M.D
Perusse, J. N., M.D
Petit, H
Pichette, J. O., M.D....
Pigeon, A., M.D
Plante, C. H., M.D
Plourde, F., M.D
Poliquin, L. A., M.D...
Porter, H. A
Poulin, E., M.D
Poutre, A. C. (Estate)..
Poutre, R
Prince, J. B., M.D
Racicot, W. A. J
Racicot, J. E., M.D
Rivcrin, A. A., M.D
Robertson, S. N., M.A.
Robichaud, P. A., M.D
Robichon, A., M.D
Robillard, J., M.D
Robillard, P. A., M.D.
Robinson, Chas. L
Rocheleau, J. P
Rogers, C. E
Ross, A. E., M.D
Ross, David
Ross, J. T
Rouleau, H. P., M.D...
Rouleau, J. O
Rowan, Thos. A
Roy, A., M.D
Roy, Alf.,M.D
Roy, A. R., M.D
Roy, D., M.D
Robinovich, I. M
Rudolph, H. H
Russell, J. W., M.D....
Sabourin, N. A., M.D..
Saunders, D. W
Scholfield, H. C
Scott, Arthur E
Scott, S., M.D
Scott, Mrs. M. T
Shanks, J. C, M.D
Shiell, Dr. R. T
Simard, C
Sinclair, Alex
Skitch, A
Skitch, A. L
Smilie, Alex. B., M.D. ,
Smith, C. M., M.D....
Smith, Thos. E
Smythe, H.J
Sommerville, N
Spencer, H., M.D
Sproule. H. F., M.D...
Sons of Temperance
Ste. Anne de la Poca-
tiere, P.O
St. Didace, P.Q
Caughnawaga, P.Q
St. Jean, P.Q
St. Cuthbert, P.Q
Toronto, Ont
St. Ambroise de Kil-
dare, P.Q
St. Charles de Belle-
chasse, P.Q
Amqui, P.Q
Chicoutimi, P.Q
Montreal, P.Q
Address
No. of
shares
D'Israeli, P.Q. . .
St. Jerome, P.Q..
St. Felicien, P.Q.
St. John, N.B....
Montreal, P.Q. . .
St. Jean, P.Q....
Montreal, P.Q.
Chicoutimi, P.Q
Charlottetown, P.E.I.
Montreal, P.Q
Thurso, P.Q
Montreal, P.Q....
Toronto, Ont
Abbotsford, P.Q..
IngersoU, Ont
Kingston, Ont
Welland, Ont
Quebec, P.Q
Victoriaville, P.Q.
Mont Joly, P.Q...
Toronto, Ont
St. Evariste, P.Q.
Levis, P.Q
St. Ephrem, P.Q.
Montreal, P.Q....
Weston, Ont
Toronto, Ont
St. Jean, P.Q
Toronto
Amount
subscribed
Quebec, P.Q
Newmarket, Ont.
CoUingwood, Ont.
Howick, P.Q
Toronto, Ont
Chicoutimi, P.Q. .
Barrie, Ont
Welland, Ont
Gait, Ont
Scotstown, P.Q
Sudbury, Ont
Welland, Ont
Toronto, Ont
Sherbrooke, P.Q...
Mount Dennis, Ont.
Oshawa, Ont
1
1
1
10
1
60
1
1
2
1
2
1
1
5
10
1
10
10
1
2
1
2
10
100
201
1
1
5
15
50
1
5
20
1
1
1
2
10
1
100
1
10
60
10
10
10
1
10
5
20
5
5
5
1
5
25
20
1
5
20
100 00
100 00
100 00
1 , 000 00
100 00
6,000 00
300 00
100 00
100 00
200 00
100 00
200 00
100 00
100 00
500 00
1,000 00
100 00
1,000 00
1,000 00
100 00
200 00
100 00
200 00
1,000 00
10,000 00
20,100 00
100 00
100 00
500 00
700 00
500 00
500 00
1,500 00
5,000 00
100 00
500 00
2,000 00
100 00
100 00
100 00
200 00
1,000 00
100 00
10,000 00
100 00
1,000 00
6,000 00
1,000 00
1,000 00
1,000 00
100 00
1,000 00
500 00
2,000 00
500 00
500 00
500 00
100 00
500 00
2,500 00
2,000 00
100 00
500 00
2,000 00
Amount
paid in
cash
S cts.
40 00
40 00
40 00
400 00
40 00
2,400 00
120 00
40 00
40 00
80 00
40 00
80 00
40 00
40 00
200 00
400 00
40 00
400 00
400 00
40 00
SO 00
40 00
80 00
400 00
40 00
100 00
40 00
200 00
280 00
100 00
200 00
600 00
2,000 00
40 00
200 00
800 00
20 00
40 00
40 00
80 00
400 00
40 00
4,000 00
30 00
400 00
2,400 00
400 00
400 00
400 00
40 00
400 00
200 00
800 00
200 00
200 00
200 00
20 00
200 00
1,000 00
600 00
40 00
200 00
COO 00
650
DEPARTMENT OP INSURANCE
THE SECURITY LIFE— Concluded
List of Shareholders — Concluded
11 GEORGE V, A. 1921
Name
Address
No. of
shares
Amount
subscribed
Amount
paid in
cash
Steinberg, A., M.D
Stephens, H. M., M.D...
Sutherland, W. S
Swinbourne, J. E
St. Arnaud, L. G., M.D..
St. Germain. J. E., M.D.
St. Jacques, F., M.D....
St. Pierre, E
Tanguay, G. P., M.D
Tanner, C. A., M.D
Tetrault, L. J., M.D
Thornton, Wm. (Estate)
Thibaudcau, A., M.D
Tompkins, Horace E
Tousignant, H., M.D
Tremblay, E., M.D
Trudeau, Mde. Laura
Twohey, F. W
Vanasse, J. E., M.D
Valin, R. E., M.D
Varv, A. E., M.D
Veilleux, E., M.D
Verdon, C. P., M.D
Verge, W. A., M.D. (Estate).
Vertefeuille, J. A
Vezina. V. A., M.D
Vidal, J. A., M.D
Villeneuve, E. A. (Estate). . .
Virable, E., M.D
Waddington, H. (Estate) ....
Wainwright, C. S., M.D
Warren, J. D., M.D
West, J., M.D
Wigg, Wm . H
Wilson, D. R
Wilson, E. R
Wilson, R. J., M.D., (estate).
Winfrey, W., M.D
Withrow, O. C. J., M.D
Workman, Mark
Hamilton, Ont
Regina, Sask
Montreal, P.Q
Fort William, Ont
Montreal, P.Q
Sherbrooke, P.Q
Ste. Anne des Plaines,
P.Q
St. Pie, P.Q
St. Gervais, P.Q
Windsor Mills, P.Q
St. Pie, P.Q
Porcupine, Ont
St. Eustache, P.Q
Welland, Ont
La Tuque, P.Q
Chicoutimi, P.Q
.Joliette, P.Q
Port Colborne, Ont. . . .
St. Maurice, P.Q
Ottawa, Ont
St. Ours, P.Q
St. Zephirin, P.Q
Granbv, P.Q
Quebec, P.Q
Montreal, P.Q
St. Alexandre, P.Q
Montreal, P.Q
St. Romauld, P.Q
Montreal, P.Q
Toronto, Ont
Orillia, Ont
Montreal, P.Q
Magog, P.Q
Oshawa, Ont
Shawinigan Falls, P.Q.
Peterboro, Ont
Toronto, Ont
Montreal, P.Q
Toronto, Ont
Montreal, P.Q
5
20
3
10
25
1
1
5
1
1
5
10
1
20
1
4
3
3
1
1
1
1
1
2
2
1
2.5
1
25
60
10
25
2
5
2
50
190
1
10
60
$ cts.
.500 00
2,000 00
300 00
1,000 00
2,500 00
100 00
100 00
500 00
100 00
100 00
.500 00
1,000 00
100 00
2,000 00
100 00
400 00
300 00
300 00
100 00
100 00
100 00
100 00
100 00
200 00
200 00
100 00
2,. 500 00
100 00
2,500 00
6,000 00
1,000 00
2,. 500 00
200 00
500 00
200 00
5, 000 00
19,000 00
100 00
1,000 00
6,000 00
cts.
200 00
800 00
120 00
350 00
500 00
40 00
40 00
200 00
40 00
40 00
200 00
200 00
30 00
800 00
40 00
160 00
120 00
120 00
40 00
100 00
100 00
40 00
40 00
80 00
80 00
40 00
350 00
40 00
2,400 00
400 00
750 00
80 00
200 00
80 00
600 00
11,200 00
40 00
80 00
2,400 00
7,386
$ 738,600 00
$ 229,701 63
LIST OF SHAREHOLDERS
651
SESSIONAL PAPER No. 8
THE SOVEREIGN LIFE ASSURANCE COMPANY OF CANADA
List of Directors — (As at Feb. 24, 1921).
:3hareholders' Directors: R. R. Scott, President; Wm. Grayson, D. E. Williams, Vice-Presidents; Jno.
McClelland, H. J. Meiklejohn, R. G. Macdonald, William F. Hull, John Graham
Policyholders' Directors: W. Sanford Evans, Geo. N. Jackson, Alex. Melville, E. E. Sharpe
List of Shareholders — (As at Dec. 31, 1920).
Name
Address
Amount
subscribed
Amount
paid in
cash
Abbott, CM
Addy, Geo. A. B., M.D
Allan, Alexander
Anderson, John J
Applebe, Mrs. Mary E
Armstrong, E. W. H
Armstrong, Hugh
Armstrong, T. B
Ashdown, James H
Atmore, T. Sheldon
Baeker, Alfred
Bain, Thomas W
Baird, Oliver
Baker, Mrs. Amelia E
Baker, Miss Marguerite E
Baker, Thomas
Baker, Thomas B
Barnes, James
Barnhill, W.J. (estate)
Barrett, John K
Barss, Andrew de W., M.D
Barss, Rev. J. Howard
Bartram, Chas. M
Basken, J. T., M.D
Beattie, J. A
J. P. Bell (in trust)
Bell, Thomas
Bennett, Pauline Lenore
Bennett, Maggie L
Bernhardt, Irwin A. (estate)
Bernhardt, Peter
Betournay, L. N . (estate)
Bleeker, W. A
Blowey, J. T
Borden, Mrs. Sophia E
Boulter, George E
Bowen, Arnold W
Bray, Richard
Breithaupt, J. C
Breithaupt, L. J
Bremner, A. R
Bridges, Mrs. Mabel G. (estate)
Brislein, J. P
Broad, Dr. Robert S
Broadfoot, Charles H
Browne, George
Bucknell, D. A
Burnett, W. H
Burns, D
Burwash, J. A
Butterworth, John G. B
Buttimer, Alfred J
Cairns, M. E., Mrs
Calder, N. F
•Cameron, Elizabeth(A. L. Cameron, trustee)
Cameron, Gordon A. (A. L. Cameron,
trustee)
Cameron, Jeannette (A. L. Cameron, trustee)
Cameron, \^ . G
Campbell, Hon. Colin H. (estate)
■Campbell, J. F
Winnipeg, Man
St. John, N.B
Calgary, Alta
Edmonton, Alta
Parry Sound, Ont
Winnipeg, Man
Portage la Prairie, Man.
Indian Head, Sask
Winnipeg, Man
St. George, Ont
Brussels, Ont
Revelstoke, B.C
Parkhill, Ont
Toronto, Ont
London, Ont
Wynyard, Sask. .
Buctouche, N.B.
Norval, Ont
Winnipeg, Man...
Wolfville, N.S...
Ottawa, Ont.
Hespeler, Ont..
Hamilton, Ont.
St. John N.B..
Boston, Mass. .
Langdon, Alta.
Preston, Ont.. .
St. Boniface, Man.
Trenton, Ont
Vancouver, B.C. . .
Los Angeles, Cal. .
Picton, Ont
Morden, Man
Victoria, B.C
Kitchener, Ont
Beachville, Ont
Westmount, Montreal
Winnipeg, Man
Edmonton, Alta
Moosejaw, Sask
South Nyack, New York, U.S
Ingersoll, Ont
Toronto, Ont
Vancouver, B.C
Jarvis, Ont
Ottawa, Ont
Vancouver, B.C
Victoria, B.C
Winnipeg, Man
Calgary, Alta
Kenora, Ont
Winnipeg, Man.
$ cts,
1,000 00
2,000 00
2.500 00
1,000 00
600 00
500 00
7,500 00
1 , 500 00
3,000 00
500 00
1,000 00
500 00
1,000 00-
1,000 00
1,000 00
5,500 00
2,. 500 00
5,000 00
500 00
5,000 00
500 00
3,200 00
400 00
1,000 00
2,500 00
2,000 00
2,500 00
100 00
500 00
1,000 00
500 00
2,000 00
500 00
3,000 00
300 00
1,000 00
1,000 00
1,000 00
2,. 500 00
1,000 00
2,. 500 00
2,500 00
600 00
100 00
2,. 500 00
500 00
2,000 00
100 00
5,000 00
1,600 00
1,000 00
2,. 500 00
1,000 00
1,000 00
500 00
500 00
500 00
1,000 00
5,600 00
5,000 00
$ cts.
2.50 00
500 00
625 00
250 00
1.50 00
125 00
1,875 00
375 00
750 00
125 00
250 00
125 00
250 00
250 00
250 00
1,375 00
625 00
1,250 00
125 00
1,250 00
125 00
800 00
400 00
250 00
625 00
500 00
625 00
25 00
125 00
250 00
125 00
500 00
125 00
750 00
75 00
250 00
250 00
250 00
625 00
250 00
625 00
625 00
125 00
20 00
625 00
125 00
500 00
25 00
1,250 00
400 00
250 00
625 00
250 00
250 00
125 00
125 00
125 00
250 00
1,400 00
1,250 00
652
DEPARTMENT OF INSURANCE
THE SOVEREIGN LIFEr-Continved
List of Shareholders — Continued
11 GEORGE V, A. 1921
Name
Address
Amount
subscribed
Amount
p:dd in
cash
Campbell, J. Glen, M.D
Carey, Eugene D
Cash, Edvsard L., M.D
Ceperlev, H. T -. .
Chappie, T. W., Judge
Chase, William H
Cheong, Lee (estate)
Cherry, Geo. A. & \Vm
Chippcrfield, George J., M.D.
Christie, J. F
Christie, M. F
Clare, Frederick
Clare, James A. (in trust)
Clark, H. A
Clark, Robert (estate)
Clark, U. G
Clinton, George, M.D
Coburn, John \V
Cochran, L. B. (estate)
Colbert, John
Conn, James
Courtnev, Mrs. Mary J
Cown, S". B., M.D
Cox, Ahsley , B
Cox, Frederick J. C
Craven, Thomas W. (trustee).
Creelman, R. I
Cress, Charles H
Crosby, Mrs. Amy Catharine.
Cross, William C
Cruikshank, Rev. W. R
Cryer, G . E (estate)
Cumberland, Rev, James
Cumberland, Mrs. Nancy
Cummins, Stephen S
Curren, J. P., Judge
Dalton, F. E
Dalton, W. C. (estate)
Dana, Albert J
Davidson, James H. (estate)..
Deans, Mrs. Elizabeth
Dent, Mrs. Isabella
Dick, Hazen J
Dickie, Alfred
Dineen, William
Dingwall, D. R. (estate)
DLxon, James
Dobic, W. C
Doran, S. (J
Douglass Rogers Co
Douglass, Johnson
Downie, William
Downing, John
Drummond, H. M. (estate)...
Dyke, Joshua
Dymcnt, A. E
Earle, Henrj' C
Earngey, J. P
Eaton, Foster F., M.D
Edgecombe, Fred B
Elliott, John
Ellis, Joseph J. (estate)
Emmerson, J. T
Enderton, C. H. (estate)
Erb, W. P
Estabrooks, Theodore H
Evans, E
Vancouver, B.C
Winnipeg, Man
Los Angeles, Cal., U.S.A.
V^ancouver, B.C
Kenora, Ont
Wolfville, N.S
Victoria, B.C
Preston, Ont
Canowindra, N.S.W
Amherst, N.S
Winnipeg, Man
Preston, Ont
Neepawa, Man
Brockville, Ont_
Vancouver, B.C
Fredericton, N.B
Belleville, Ont.
Nanaimo, B. C
Sidney, B.C
Victoria, B.C
Indian Head, Sask
Victoria, B.C
Portage la Prairie, Man. .
Avonport, N.S
Winnipeg, Man
Georgetown, Ont —
Toronto, Ont
Los Angeles, Cal —
St. John
Montreal West, Que.
Stirling, Ont
Kingston, Ont
Winnipeg, Man.
Toronto, Ont
London, Ont
Vancouver, B.C. . .
Neepawa, Man
Gait, Ont
Revelstoke, B.C..
St. John, N.B
Halifax, N.S
Toronto, Ont
Winnipeg, Man
Hamilton, Ont
Port Arthur, Ont..
Brandon, Man
Amherst, N.S
Winnipeg, Man
Whitby, Ont
Beach ville, Ont —
Winnipeg, Man
Fort William, Ont.
Toronto, Ont
Belleville, Ont
Kenora, Ont
Truro, N.S
Fredericton, N.B..
London, Ont
Hensall, Ont
Port Arthur, Ont..
Winnipeg, Man
Sussex, N.B
St. John, N.B
Brandon, Man
S cts.
1 , 000 00
1,.500 00
2,000 00
2,500 00
2.500 00
1,000 00
2,000 00
2,600 00
5,000 00
1,000 00
1,000 00
200 00
2,500 00
1,000 00
5,000 00
1,000 00
500 00
2.. 500 00
2.500 00
1,000 00
2,500 00
2,000 00
500 00
200 00
2,. 500 00
1,000 00
1,000 00
1,000 00
2,000 00
5,000 00
1 , 000 00
800 00
,000 00
,000 00
, 500 00
,000 00
,000 00
,000 00
,000 00
.500 00
,000 00
, 500 00
,000 00
,000 00
,000 00
,100 00
,000 00
500 00
,C00 00
,300 00
,200 00
,000 00
,500 00
500 00
, 500 00
,700 00
,000 00
500 00
,500 00
,.500 00
500 00
500 00
, 500 00
500 00
600 00
,000 00
,500 00
$ cts.
250 00
.375 00
500 00
625 00
625 00
2.50 00
500 00
650 00
1,2.50 00
250 00
2.50 00
50 00
625 00
250 00
1,2.50 00
250 00
125 00
625 00
625 00
250 00
625 00
500 00
125 00
50 00
625 00
250 00
250 00
250 00
500 00
1,250 00
250 00
200 00
250 00
250 00
625 00
250 00
250 00
250 00
500 00
625 00
250 00
375 00
250 00
2.50 00
1,750 00
775 00
625 00
125 00
250 00
575 00
1,5.50 00
1,250 00
375 00
125 00
625 00
1,425 00
250 00
125 00,
375 00
625 00
125 00
125 00
625 00
125 00
1.50 00-
2.50 oa
625 oa
LIST OF SHAREHOLDERS
653
■SESSIONAL PAPER No. 8
THE SOVEREIGN LIFE— Continued.
List of Shareholders — Continued.
Name.
Address.
Amount
Amount
subscribed.
paid in
cash.
$ cts.
S cts.
1,000 00
250 00
2,. 500 00
625 00
3,000 00
750 00
200 00
50 00
100 00
25 00
2,500 00
625 00
2,500 00
625 00
2,000 00
500 00
3,000 00
750 00
2,500 00
625 00
500 00
125 00
2,500 00
500 00
5,000 00
l,2.5fl 00
250 00
1,000 00
2,500 00
625 00
1,000 00
250 00
500 00
125 00
1,000 00
2.50 00
2,500 00
625 00
300 00
75 00
2,500 00
625 00
100 00
25 00
2,. 500 00
625 00
5,000 00
1,235 00
8,100 00
2,025 00
5,000 00
1,250 00
2,500 00
625 00
500 00
125 00
3,500 00
875 00
500 00
125 00
2,500 00
625 00
500 00
125 00
400 00
100 00
2,500 00
625 00
500 00
125 00
500 00
125 00
1,000 00
250 00
2,500 00
625 00
300 00
75 00
200 00
50 00
600 00
150 00
1,000 00
250 00
1,000 00
250 00
2,500 00
625 00
1,000 00
250 00
5,000 00
1,250 00
2,500 00
625 00
2,500 00
025 00
1,000 00
250 00
500 00
125 00
2,500 00
625 00
2,500 00
625 00
500 00
125 00
5,000 00
1,2.50 00
500 00
125 00
1,200 00
300 00
500 00
125 00
4, 100 00
1,025 00
1,500 00
375 00
1,000 00
250 00
500 00
125 00
1,000 00
250 00
5,000 00
1,2.50 00
2,500 00
625 00
Fee, T. A
Finkle, Alexander (estate)
Fisher, James
Flannagan, James
Forster , Fred. G
Foster, Walter E
Francis, J. H
Eraser, Donald, Jr
Freeland, Alice Emma
Gardner, H. P ;
Gauthier, Aimee L
German, W illiam M
Gibson, James B
Gill, John M
Glenn, Joseph
Glover, Thomas (in trust)
Gould, Carrie E
Goulding, George R
'Gourlay, 8. P
Graham, Hugh M., M.D
■Graham, John
Graham, Harriet A
Grant, M.D.
-Gray, Adelaide
Grayson, William
Greenshaw, E. E
Griesbach, A. H. (estate)
■Gunyo, John
Haig,- John T., executor and Campbell,
Minnie J. B., executrix
Hall, John (estate)
Hall, John S. (estate)
Hall, VV. A., M.D
Hamilton, Louisa McD
Hansen, H. P
Hargrave, F.W
Harlton, T. G
Harrison, William
Hart, Jane L., A. S. Ross, and W. R. Cruik-
shank (in trust)
Hartley, F. Clarke (Rev.)
Hartley, George H
Hawkins, Mrs. Amy K
Hawley, Mrs. Helen M
Heap. Blanche
Henderson, J. N. (estate)
Henderson, Mrs. Emma, Archibald Hender-
son, executrix and executor
Henderson, Margaret Ann
Henderson, Thos. M
Hibner, Daniel
Hinton, John A
Holden, Samuel W. (Rev.)
Hornibrook, John T
Hose, Mrs. Adelaide E
Hotson, Alexander, M.D
Howson, Fanny A
Hoyt, Rev. J. W
Hubly, Alex. M
Hughson, Rev. L. S
Hull, Wm. F
Humble, John W
Humble, Mrs. Martha M
Hunter, Chas. A. and Herbert L. Shaw
Hunter, H. A
Hurt, Mrs. Christine L
Inkster , Colin
Vancouver, B.C
Woodstock, Ont
Winnipeg, Man
Moncton, N.B
Edmonton, Alta. . . .
St. John, N.B
Indian Head, Sask..
Plater Rock, N.B...
Carberry, Man
Indian Head, Sask..
Winnipeg, Man
Welland, Ont
Yorkton, Sask
Brockville, Ont
Indian Head, Sask. .
Pictou, N.S
Wolfville, N.S
Newtonbrook, Ont. .
St. Catharines, Ont.
Fenelon Falls, Ont. .
Winnipeg, Man
Victoria, B.C
W innipeg, Man
Moosejaw, Sask..
Vancouver, B.C. ,
Chemainus, B.C.
Brighton, Ont
Winnipeg, Man
Hamilton, Ont
Montreal
Walkerton, Ont. . .
High River, Alta.
Winnipeg, Man
Expanse, Sask
Fort William, Ont.
Montreal, Que
Truro, N.S
Hochelaga, Que
South Ohio, Yarmouth, N.S.
Toronto, Ont
Kenora, Ont
Vancouver, B.C
Guelph, Ont
Montreal, Que
Vancouver. B.C. . . .
Kitchener, Ont
Prince Rupert, B.C.
Bartonville, Ont. . . .
Toronto, Ont
Kenora, Ont
Parkhill, Ont
Revelstoke, B.C
Peru, Ind., U.S.A...
Toronto, Ont
Stratford, Ont
Winnipeg, Man
Kenora, Ont
Dartmouth, N.S
Medicine Hat, Alta.
Vernon, B.C
Kildonan W., Man. .
654
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
THE SOVEREIGN LIFB—Continued
List of Shareholders — Continued
Name
Ireland, Walter W. (estate)
Jackson, C. H
Jackson, W. Fred., M.D
Jameson, Clarence
Jeffrey, Frederick
Jennison, H. V. (estate)
Jessop, Mrs. Margaret R
Johnston, Fred. VV. (estate)
Jones, O. M., M.D. (estate)
Jones, R.I
Jor§s, Thomas J
Kaulbach, Rev. James A
Kelly, Thomas
Kennedy, Alexander '.
Kerr, Robert
Ketcheson, T. E
Kilburn, John (in trust)
Kilvert, F. E. (agent)
Kinney, S.J
Klotz, Jacob E
Knapp, George D
Kow, Lee Mong
Laidlaw, John A
Lawrence, W. M
Lawson, H. P
Lemont , James M
Lendrum, Thomas J
Levy, H. E
Levy, W.J
Lock, Robert H
Lockett, Fred. G
Loggie, Thomas G . . ,
Loggie, Thomas G. (in trust)
Low, David, M.D
Luckham, J. L. (estate)
Lynch, John P
McAllister, W. B. (estate)
McArthur, D. A. . .'
McClelland, John
McCully, Herbert R
McDermaud, Syd. S
McDiarmid, Rev. A. P
McDonald, J. T
McDonald, Mrs. Phoebe A
McDonnell, Alexander J
McDougall, Alexander
McDowell, Marcus S
McFarlane, Jane
McFaul, Alexander M., M.D
McGibbon, Donald C. (Donald McGibbon
trustee)
McGill, Roberts
McGillivray, Chas. F., M.D
McGregor, R
McHugh, Francis M
McKinnon, A. A
McLaren, Archibald (estate)
McLeod, D. D
McLellan, Robert W
McMeans, Hon. Lendrum
McMillan, Malcolm (estate)
McMullen, Thomas G
McNee, Archibald
McPhillips, L. G
MePhillips, R. C
Address
Carberry, Man
Fort William, Ont
Brockville, Ont
Digby, N.S
Vancouver, B.C
New Glasgow, N.S
Stockton-on-Tees, Eng.
Toronto, Ont
Victoria, B.C
Winnipeg, Man
Victoria, B.C
Truro, N.S
Winnipeg, Man
Morden, Man
Brandon, Man
Belleville, Ont
Frederieton, N.B
Winnipeg, Man
Penticton, B.C
Kitchener, Ont
Kamloops, B.C
Victoria, B.C
Vancouver, B.C
Victoria, B.C
Toronto, Ont
Frederieton, N.B
London, Eng
Victoria, B.C
Mitchell, Ont
Yorkton, Sask
Kingston, Ont
Frederieton, N.B
Regina, Sask ,
Glencoe, Ont
St. John, N.B
Ottawa, Ont
^\ innipeg, Man
Toronto, Ont
Amherst, N.S
Port Burwell, Ont
Robson, B.C
Oak Bay June, Victoria, B.C
Brampton, Ont
Revelstoke, B.C
Pictou, N.S
North Vancouver, B.C
Frederieton, N.B
CoUingwood, Ont
Edmonton, Alta. . .
Simcoe, Ont
Whitby, Ont
Fort William, Ont.
Victoria, B.C
Springhill, N. S....
^\■innipeg, Man
Regina, Sask ,
Frederieton, N.B..
Winnipeg, Man
Springhill, N.S....
Truro, N.S
Windsor, Ont
Vancouver, B.C. ..
Winnipeg, Man
Amount
subscribed
$ cts.
2,500 00
500 00
500 00
2,000 00
.TOO 00
1,000 00
1,000 00
500 00
1,000 00
500 00
2,. 500 00
2,000 00
1,000 00
1,.500 00
2,500 00
1,000 00
2,500 00
2,000 00
1,000 00
2,. 500 00
1,000 00
1,000 00
1,000 00
1,000 00
2,500 00
1,500 00
2,500 00
1,000 00
2,500 00
1,000 00
2,000 00
2,500 00
2,500 00
3,500 00
500 00
1,000 00
3,200 00
500 00
3,500 00
1,000 00
1,000 00
2,000 00
2,000 00
500 00
1,000 00
1.000 00
1,000 00
2,500 00
200 00
1,000 00
1 , 000 00
300 00
2,500 00
100 00
400 00
2,, 500 00
2,500 00
2,000 00
19,800 00
300 00
5,000 00
1,000 00
1,200 00
1,000 00
Amount
paid in
cash
LIST OF SHAREHOLDERS
655
SESSIONAL PAPER No. 8
THE SOVEREIGN IjIFE— Continued
List of Shareholders — Continued
Name
Address
Amount
subscribed
Amount
paid in
cash
McQuarrie, Donald H. (Rev.)
McQueen, James
McRae, Allan
McRae, D. A
McSweeney, Hon. Peter
MacArthur, Rev. Samuel J
Macdonald, C. C
Macdonald, Helen G
Macdonald, Isabella
Macdonald , John S
Macdonald, R. G
MacEwen, George M. (estate)
MacGregor, J. Heywood
MacKenzie, C. A., M.D
MacKenzie. J. S
MacLean, Wendell J. (Wendell MacLean,
trustee)
Macmillan, Rev. J. W
Macnab, J. C
Manchester, G. H., M.D
Manning, Horace
Martin, Clifford L
Matheson, Jean
Matthews, W. H
Maw, .Joseph S. (Jos. Maw, trustee)
Maw, Kathleen A. (Jos. Maw, trustee)
Maw, Mary (Jos. Maw, trustee)
Maw, Thos. G. (Jos. Maw, trustee)
Meiklejohn, H. J., M.D
Meiklejohn, H. M
Mendell, Mes. Frances P. (estate)
Merner, Absalom (estate)
Miller, Chas. J., M.D
Miller, Thomas
Minchin, Dora M
MinshuU, Mrs. Hilda
Mitchell, D. M
Mitchell, Mrs. Gertrude E
Montgomery, John D
Moor, C. A
Moor, Mrs. Jemima A
Moore, Mrs. Ann
Morison, Rev. D. W
Morris, E. A
Morris, M
Morrison, M. B
Moscrop, Edwin
Munro, Brenton C
Murphy, James
Murphy, Martha
Murray, Lloyd and Hazel C. (executors)
Nairn, Junius J
Nash, T. W
NefT, J. A., M.D
Neilson, J. S. (estate)
Nesbitt, Samuel
New, Henry (estate)
Newbury, J. C
Nicol, James
Noble, Alexander L
Norrish, Dawson H
Norrish, Frances M
Notman, James
Northern Trust Co., and G. A. D. Murray
(Exec. Julia I. Clarke, estate)
Avonport, Kings Co., N.S
Vancouver, B.C
Winnipeg, Man
Vancouver, B.C
Moncton, N.B
Quebec, Que
Cleveland, Ohio
Brandon, Man
Regina, Sask
Springhill, N.S
Brandon, Man
Goderich, Ont
New Glasgow, N.S
Winnipeg, Man
Calgary, Alta
Toronto, Ont
Winnipeg, Man
New Westminster, B.C —
Revelstoke, B.C
Amherst, N.S
Winnipeg, Man
Trenton, Ont
Winnipeg, Man
Belleville, Ont......
Trout Creek, Ont
New Glasgow, N.S
Moosejaw, Sask
Calgary, Alta
Woodrow, Sask
Fort William, Ont
Siussex, N.B
Toronto, Ont
Moosejaw, Sask
Toronto, Ont
Beauharnois, Que
Vancouver, B.C
Woodstock, Ont
Belleville, Ont
Vancouver, B.C
Amherst, N.S
Fort William, Ont
Carberry, Man
St. Andrews, N.B
Aylmer, Ont
Kingston, Ont
Edmonton, Alta
Stellz, Ont
Brighton, Ont
Hamilton, Ont
Victoria, B.C
Chatham, N.B
Norval, Ont
Lasqueti Island, B.C
Victoria, B.C
Pictou, N.S
Winnipeg, Man
$ cts.
cts.
500 00
125 00
1,000 00
250 00
1,000 00
250 00
2,500 00
625 00
500 00
100 00
2,000 00
500 00
2,500 00
625 00
1.3,500 00
3,375 00
2,500 00
625 00
400 00
100 00
2,. 500 00
625 00
1,000 00
250 00
1,000 00
250 00
2,000 00
500 00
1,000 00
250 00
00
500 00
125 OO
2,500 00
625 00
1,000 00
250 00
1,000 00
250 00
1,000 00
250 00
200 00
50 00
2,500 00
625 00
500 00
125 00
500 00
125 00
500 00
125 00
500 00
125 00
500 00
125 00
8,500 00
2,125 00
2,500 00
625 00
3,200 00
800 00
2,500 00
625 00
2,500 00
625 00
500 00
125 00
500 00
125 00
1,000 00
250 00
500 00
125 00
1,000 00
250 00
2,500 00
500 00
2,000 00
500 00
500 00
125 00
2,000 00
500 00
3,000 00
750 00
5.000 00
1,250 00
500 00
125 00
500 00
125 00
1,000 00
250 00
1,000 00
250 00
.500 00
125 00
5,000 00
1,250 00
2,500 00
625 00
1,.500 00
375 00
100 00
25 00
.500 00
125 00
2,000 00
500 00
1,000 00
250 00
5,000 00
1,250 00
1,000 00
250 00
1,000 00
250 00
500 00
125 00
400 00
100 00
400 00
100 00
2,000 00
500 00
2,500 00
625 00
€56
DEPARTMENT OF IXSURANCE
THE SOVEREIGN LIFE— Continued.
List of Shareholders — Continued.
11 GEORGE V, A. 1921
Name.
Address.
Amount
subscribed.
Amount
paid in
cash.
Northern Trust Co. (M. Putman, estate).
Jessie, M. Noxon
Oaks, Anthony, M.D
O'Donnell, Angus
O'Donohue, .lames
Pace, Fred. W
Page, Rev. John W. B
Pain, Albert
Paisley, Herbert F. S
Paisley, Mrs. Louise F
Parker, Katherine E. (administratrix)
Parker, P. Clifton (trustee)
Payne, W. L
Pearson, Ernest W
Pentland, C. F., and S. J. McLeod (in trust
Perks, John V
Perry, Rev. N.J
Philp, Thos. S., M.D
Phiips, Andrew
Pilkey, P. J. (estate)
Poole, .John S., M.D
Porter, E. Guss., M.P. . .•
Prescott, Joshua (estate)
Puddicombe, R. B. (estate)
Purdon, Robert
Rand, F. A., M.D., intrust
Randall, Ralph
Reid, Robie L
Rennie, William (estate)
Rioch, G. M
Roberts, .James A
Roberts, William
Robertson, A. M
Robertson, William
Rogers, Evelyn G., Jos. Maw (trustees)
Rogers, .Jonathan
Rogers, Lydia R
Rogers, R. A
Rogers, T. Sherman
Rollins, J. A., M.D
Roschman, Richard
Ross, D. C
Ross, Hugh H., M.D
Ross, Hon. J. H
Ross, Walter
Rounsefell, F. W
Royal Trust Co. (estate Percy Benjamin)...
Runians, Miss Margaret E. (estate)
Russell, .John H. G
Russell, Wm. (estate)
Sanders, Rev. Charles W
Sanford, C. M. (estate)
Schnarr, .John H
Schnarr, N
Schultz, Otto
Scott, H.J
Scott, R. R
Scott, Sir Walter
Shakespeare, Noah
Sharpe, M rs. Kathleen
Shaw, Ellen, (estate) Edward S.Shaw, exec.
Shewan , A
Shillinglaw, E. M
Shirriff, D
Winnipeg, Man
Ingersoll, Ont
Preston, Ont
Winnipeg, Man
Los Angeles, Cal
Winnipeg, Man
Woodbridge, Suffolk, Eng.
Hamilton, Ont
Sydnev, N.S
Sackville, N.B
Santa Monica, Calif
Gibson's Landing, B.C
Colborne, Ont
London, Eng
Winnipeg, Man
Victoria, B.C
Welland, Ont
Picton, Ont
Huntingdon, Que
Toronto, Ont
Neepawa, Man
Belleville, Ont
Sussex, N.B
New Hamburg, Ont
Brandon, Man
Parrsboro, N.S
Victoria, B.C
Vancouver, B.C
Fergus, Ont
Kenora, Ont. . .
North Devon, Eng
Winnipeg, Man
Goderich, Ont
Calgary, Alta
Winnipeg, Man
Vancouver, B.C
Winchester, Ont
Winnipeg, Man
Halifax, N.S
London, Ont
Waterloo, Ont
Brussells, Ont
Seaforth, Ont
Ottawa, Ont
Lethbridge, Alta
Vancouver, B.C
Halifax, N.S
London, Ont
Winnipeg, Man
Brantford, Ont.
Brighton, Ont...
Kitchener, Ont.
Kenora, Ont.. . .
Winnipeg, Man..
Victoria, B.C...
Winnipeg, Man..
Victoria, B.C.. .
Winnipeg, Man.
Toronto, Ont. .
Brandon, Man..
§ cts.
500 00
5,000 00
500 00
2,. 500 00
2,. 500 00
500 00
1,000 00
500 00
200 00
200 00
2,000 00
500 00
500 00
5,000 00
5,000 00
1,000 00
500 00
500 00
1,000 00
1,000 00
500 00
2,. 500 00
4,. 500 00
2,500 00
2,500 00
400 00
2,500 00
1,000 00
2,000 00
2,. 500 00
2,000 00
1,000 00
500 00
1,.500 00
500 00
6,000 00
4,. 500 00
1,000 00
1,000 00
100 00
2,500 00
1,000 00
2,. 500 00
2,500 00
5,000 00
2,. 500 00
4,. 500 00
1 , 000 00
2,000 00
8, 100 00
100 00
500 00
1,000 00
1,.500 00
2,, 500 00
1,000 00
9. 100 00
2,500 00
1,000 00
1 , 000 00
1,000 00
2,000 00
1,000 00
1,000 00
$ cts.
125 00
1,2.50 00
125 00
625 00
625 00
125 00
250 00
100 00
50 00
50 00
500 00
125 00
125 00
1,250 00
1,2.50 00
250 00
125 00
125 00
250 00
250 00
125 00
625 00
1,125 00
625 00
625 00
100 00
625 00
250 00
500 00
625 00
500 00
250 00
125 00
375 00
125 00
1,500 00
1,125 00
250 00
250 00
25 00
625 00
250 00
625 00
625 00
1,250 00
625 00
1,125 00
250 00
500 00
2,025 00
25 00
125 00
250 00
375 00
625 00
250 00
2,275 00
625 00
250 00
250 00
400 00
500 00
250 00
250 00
LIST OF SHAREHOLDERS
657
SESSIONAL PAPER No. 8
THE SOVEREIGN LIFE— Continued.
List of Shareholders — Continued.
Name.
Address.
Amount
subscribed.
Amount
paid in
cash.
Shragge, A
Shreve, Mrs. Mary A
Sills, Jacobina A
Sills, John H
Sills, Emma M
Sills. SaraC
Simpson, C. H
Simpson, Robert, M., M.D
Sims, Rev. Thomas
Sinclair, D. J., M.D
Sinclair, D. V
Smallman, J. Edgar (exec.)
Smallman, Lillian J
Smart, Margaret (exec.)
Smith, Charles R
Smith, Mrs. Frances R
Smith, J. H. and M. A. (jointly)
Smyth, C. E., M.D
Snyder, Frederick (estate)
Sowerby, Albert T. Rev
Spera, Mrs. Margaret A
Standard Trust Co. (in trust for R. S.
Barrow)
Steele, George L. (estate of)
Steeves, Rufus P
Stephenson, E. F
Stewart, A. D., M.D
Stewart, James L
Stoddard , James
Sutherland, Rev. Charles H. M
Sutherland, J. A., M.D
Sutherland, John K
Sutherland, W. H., M.D
Thomson, Marcella M
Thomson, Maud K
Ticknor, Joseph
Tilley, A. S., M.D
Tingley, J. B
Tisdale. F. W
Titus, Dorothy I
Traunweiser, Charles
Trumbell, R. E
TumbuU, A. R., M.D
Turnbull, Gwendolyn J. McMurray (exec).
Turner, Ezra (Rev.)
Walker, Geoffrey H
Walker, William
Walker, Wm. J. S
Wallace, Frances E
Walsh, Thomas
Ward, Fred T
Weddell, Rob G
Wells, Richard (estate)
Wemyss, John
Wemyss, Mrs. Maggie H
White, Charles T
White, Mrs. Frances A
White, James E (estate)
Whitehead, E. R
Widdis, John B
Wilcox. W.J
Wilkinson, Vera L
Williams, Adolphus
8—42*
Kenora, Ont
Digby, N.S
Toronto, Ont
Frankfort, Ont
Toronto, Ont
Trenton, Ont -
Winnipeg, Man
Winnipeg, Man ,
Melrose, Mass
Woodstock, Ont
Belleville, Ont
Dartmouth, N.S
Wolfville, N.S
Belleville, Ont
Amherst, N.S
Victoria, B.C
Willowdale, Ont
Medicine Hat, Alta
Kitchener, Ont
Toronto, Ont
Hamilton, Ont
Winnipeg, Man
Falls View, Ont
McKay, P.O. B.C
Winnipeg, Man
Fort William, Ont
Chatham, N.B
Mt. Denison, Hants Co., N.S
Santa Monica, Cal
Vancouver, B.C
Revelstoke, B.C
Vancouver, B.C
Inglewood, Cal
Bowmanville, Ont
Wolfville, N.S
Winnipeg, Man
Yarmouth, N.S
Calgary, Alta
Brandon, Man
Moosejaw, Sask
Winnipeg, Man
East Cedar Rapids, Iowa. . . .
Winnipeg, Man
Fredericton, N.B
Calgary, Alta
Toronto, Ont
Winnipeg, Man
Stirling, Ont
Trenton , Ont
Toronto, Ont
Neepawa, Man
Sussex, N.B
St. John. N.B.'.'.;;.'!.'.';!;;;!;
Winnipeg, Man
Hagersville, Ont
Salmon Arm, B.C
Stratford, Ont
Vancouver, B.C
$ cts.
1,000 00
1,000 00
400 00
400 00
400 00
900 00
1,500 00
3,500 00
2,. 500 00
1,000 00
1,000 00
4,. 500 00
4,500 00
1,000 00
5,000 00
2,500 00
1,000 00
200 00
1,000 00
1,000 00
500 00
4,500 00
100 00
2,500 00
2,. 500 00
2,. 500 00
1,000 00
300 00
1,000 00
300 00
5,000 00
2,000 00
2,500 00
2,500 00
1,000 00
500 00
500 00
1,000 00
2,500 00
2,500 00
2,500 00
500 00
500 00
1,000 00
1,000 00
1,000 00
2,500 00
1,000 00
1,000 00
1,500 00
5,000 00
500 00
1,.500 00
1,000 00
5,000 00
1,200 00
2,000 00
500 00
500 00
2,500 00
1,000 00
1,300 00
$ cts.
250 00
250 00
100 00
100 00
100 00
225 00
375 00
875 00
625 00
250 00
250 00
1,125 00
1,125 00
250 00
1,250 00
625 00
250 00
50 00
250 00
250 00
125 00
1,125 00
25 00
625 00
625 00
625 00
250 00
75 00
250 00
75 00
1,250 00
500 00
625 00
625 00
250 00
125 00
125 00
250 00
625 00
625 00
625 00
125 00
125 00
250 00
250 00
250 00
625 00
250 00
250 00
375 00
1,250 00
125 00
375 00
250 00
1,250 00
300 00
500 00
125 00
125 00
625 00
250 00
325 00
658
DEPAIiTMEyT OF ly.SVRAyCE
THE SOVEREIGN LITE— Concluded.
List of Shareholders — Concluded.
11 GEORGE V. A. 1921
Name.
Address.
Amount
subscribed.
Amount
paid in
cash .
Williams, D. E
Williamson, E. W
Wilson, Earl F
Wilson, H. G. W
Wilson, John D (estate). .
Wood, George D. (estate)
W'orley, J. Frederic
Wright, David M
Wright, .John P
W' right. Rev. David
York, Archebald
Yould, William
Zealand, William O
Zwick, Frank, M.D
Winnipeg, Man
Indian Head, Sask
Saginaw, Mich
Indian Head, Sask
London, Ont
Winnipeg, Man
Vancouver, B.C. .
Stratford, Ont. . . .
Fort Frances, Ont.
BlueMt., N.S
Vancouver, B.C. .
Kentville, N. S
Hamilton, Ont
Stirling, Ont
$ cts.
2,500 00
2,. 500 00
.500 00
2,500 00
500 00
5,000 00
3,000 00
100 00
2,000 00
500 00
2,500 00
2,500 00
500 00
3,200 00
$ 840,600 00
? cts.
625 00
625 00
125 00
625 00
125 00
1 , 250 00
750 00
25 00
500 00
125 00
625 00
625 00
125 00
800 00
« 209,995 00
LIST OF SHAREHOLDERS
659
SESSIONAL PAPER No. 8
SUN LIFE ASSURANCE COMPANY OF CANADA.
List of Directors — (As at December 31, 1920).
Shareholders' Directors — T. B. Macaulay, President and Managing Director; S. H. Ewing, Vice Presi-
dent; Robert Adair, J. R. Dougall, Sir Herbert S. Holt, Abner Kingman, H. R. Macaulay,
M.D., Carl Riordon.
Policyholders' Directors — \\. M. Birks, Hon. Raoul Dandurand, C. R. Hosmer, J. W. Ross.
List of Shareholders— (As at December 31, 1920).
Name.
Abbott, Albert H., and Abbott, W. J
(exec). . . .'
Abbott, W. J., M.D
Abbott, A. H., M.D
Adair, Robert
Allan, Mrs. A. S
Allan, Arch. A
Allan, Mrs. Margaret G. (trustees)
Aldred, J. E
Allen, Mrs. Stella McK
Allen, Byron W
Anderson, A. D., Anderson, R. D. and
Anderson, Charlotte D. (executors).
Anderson, Mrs. Frances D
Anderson, Miss Charlotte D
Bailey, Mrs. E. V. G
Bate, J. M., in trust
Bate, Morna A
Bate, H. G
Bateman, Geo. A
Black, Mrs. Annie
Blackader, Wm. B. and Gault, M. H
(executors)
Bond, St. George
Booth, Arthur H
Booth, Chas. J
Branch, C. S. V
Brown, James W
Cameron, J. H
Campbell, F. \V., M.D. (estate)
Cathcart, Rev. N
Chubbuck, H. E
Clarke, E. O. (estate)
Cleghorn, J. P. (estate)
Cope, F. G
Coulson, D. (estate)
Credit Foncier Franco-Canadian
Cross, Selkirk, K.C. (estate)
Gushing, Mrs. L. M
Gushing, Charles (estate)
Gushing, Mrs. Mabel L
Gushing, Dougall
Gushing, Chas
DeLisle, Mrs. Hemnetta O'C, execu-
trix
DeLisle, A.M. (estate)
Dickson, Garnet H
Dickson, Lawton O
Dickson, Robert C
Dickson, Wallace
Dougall, John Redpath, M.A
Dougherty, C. B
Durnford, Gen
Ewing, S. H
Fairbairn, John M. R
Fair, Robert, in trust
Filgate, Samuel (estate)
Forster, Rev. W. Lawson
8— 42i*
Address.
Toronto
Cleveland, Ohio.
Toronto
Montreal
Montreal
Montreal
Montreal
New York
Huntingdon
Huntingdon
Montreal.
Ottawa. . .
Montreal.
Quebec. . .
Ottctwa. . .
Ottawa. . .
Ottawa. . .
Kingston.
Halifax. . .
Montreal
Swarthmore, Pa.. .
Cheshire, Eng
Ottawa
Montreal
Montreal
Orange, N.J
Montreal
Guernsey, C. I
Peoria, 111
Hove, Sussex, Eng.
Montreal
Montreal
Toronto
Montreal
Montreal
Montreal
Montreal
Montreal
Montreal
Montreal
Montreal
Montreal
North Bay...
Toronto
Montreal
Montreal
Montreal
Ottawa
Montreal
Montreal
Westmount. . .
Peterborough.
Montreal
London, Eng. .
No. of
shares.
74
10
10
25
2
81
26
5
415
10
59
61
12
10
1
1
143
2
37
5
1
10
71
4
1
18
20
45
1
21
51
24
18
18
65
417
100
147
1
1
17
57
1
1
13
15
50
37
18
157
14
23
14
32
Amount
subscribed .
.$ cts
7,400 00
1,000 00
1,000 00
2,. 500 00
200 00
8, 100 00
2,600 00
500 00
41,500 00
1,000 00
5,900 00
6, 100 00
1,200 00
1,000 00
100 00
100 00
14,300 00
200 00
3,700 00
500 00
100 00
1 , 000 00
7,100 00
400 00
100 00
1,800 00
2,000 00
4,500 00
100 00
2,100 00
5, 100 00
2,400 00
1,800 00
1,800 00
6,. 500 00
41,700 00
10,000 00
14,700 00
100 00
100 00
1,700 00
5,700 00
100 00
100 00
1 , 300 00
1,500 00
5,000 00
3,700 00
1,800 00
15,700 00
1,400 00
2,300 00
1,400 00
3,200 00
Amount
paid in
cash.
$ cts.
3,700 00
500 00
500 00
1,250 00
100 00
4,0.50 00
1,300 00
2.50 00
20,750 00
500 00
00
2,950 00
3,050 00
600 00
500 00
50 00
50 00
7,150 00
100 00
1,850 00
250 GO
50 00
500 00
3,550 00
200 00
50 00
900 00
1,000 00
2,250 00
50 00
1,050 00
2,. 550 00
1,200 00
900 00
900 00
3,2.50 00
20,8.50 00
5,000 00
7,350 00
50 00
50 00
850 00
2,850 00
50 00
50 00
650 00
750 00
2,. 500 00
1,850 00
900 00
7,8.50 00
700 00
1,1,50 00
700 00
1,600 00
660
DEPARTMENT OF INSURANCE
SUN LIFE— Continued.
List of Shareholders — Continued.
11 GEORGE V, A. 1921
Name.
Address.
No. of
shares
Amount
subscribed.
Amount
paid in
cash.
Fry, Mrs. Laura
Gage, Mrs. Charlotte D
Gage, Mr.s. Charlotte D., Leney, Wil-
liam A., Dickson, Wallace, Dickson,
Garnet, H., executors
Gale, Geo. Gordon
Gale, Geo. Goldsworthy, M.D
Gale, A.J. V
Gale,E. G., M.D
Gale, Mrs. Margaret
Garland, C. Simpson
Gault, Leslie H
Gault, M. H
George, Rev. J. H., D.D
Gilroy , Thos. (estate)
Gilroy, Mrs. Beatrice
Grant, Wm
Gregory, Miss M. E
Gurnev, Mrs. G. E
Hale, Mrs. Esther M
Hale, H. Warren K
Hall, Miss J. A
Hendershott, Miss Clara M
Higinbotham, H. B
Hisinbotham, W. A
Hill, W. H
Holt, Sir Herbert S
Horwood, Edgar L
Johnston, Mrs. Alice B
Kingman, Abner
Kingman, Abner, Jr
Labelle, Albert A
Laing, Mrs. M
Leney, .John M
Leney, Wm. A
Lever, Lady M. Edythe
Little, James (estate)
Lunan, Mrs. Bessie Tait
I>unan, Arthur A
Lundblad, Mrs. L. E
Macaulay, T. B
Macaulay, Douglas L
Macaulay, Miss G. F
Macaulay, Prof. Fred R
Macaulay, Herbert R., M.D
Macaulay, Mrs. A.I
Macdonell, Mrs. Helen M
Maclaren, Mrs. Agnes
Macnaughton, Mrs. J. B
Macnutt, E. A
Merchants Bank of Canada
McCarthj', Jas. M
McCarthy, John G
McCaskill, .Temina M., Warden, Alex.,
Ross, W. D., and Fergusson, Geo. T.,
executors
McDougall & Cowans
McFarlane, C. H
Mclntyre, W. T
McKergow, .John (executors)
May, Mrs. Hattie E
Miller, Mis? J. G
Miller, Mrs. Elizabeth Smith (estate)
Miller, Wm. T
Mills, Geo
Montreal City & District Savings
Bank
Montreal.
Toronto..
Montreal
Hull
Quebec
Hull
Quebec
Quebec
Montreal
Montreal
Montreal
Springfield, Mo. . .
Winnipeg
Winnipeg
Ottawa
Bournemouth, Eng
Toronto
Montreal
Montreal
Ottawa
Buffalo, N.Y
Tokyo
Montreal
Peterborough
Montreal
Ottawa
Victoria
Montreal
Montreal
Montreal
Montreal
Winnipeg
Ormstown
New York
Belleville
Huntingdon
Huntingdon
Oconto, Wis
Montreal
Berkley, Cal., U.S.A.
Guelph
Toronto..
Calgary..
Montreal.
Quebec...
Montreal.
Toronto..
Montreal.
Toronto..
Montreal.
Ottawa. . .
Montreal.
London, Eng.
Montreal
16
29
18
10
o
10
10
5
3
7
7
42
10
126
1
3
100
30
27
300
72
14
6
12.5
15
8
31
25
16
5
43
265
50
45
391
92
393
277
9
6
46
2
150
30
30
119
37
31
66
60
55
25
21
4
21
175
S cts.
1,600 00
2,900 00
1,800 00
1,000 00
500 00
1,000 00
1,000 00
500 00
300 00
700 00
700 00
4,200 00
1,000 00
12,600 00
100 00
300 00
800 00
8,800 00
400 00
8,400 00
10,000 00
3,000 00
2,700 00
30,000 00
7,200 00
1,400 00
600 00
12,. 500 00
1,.500 00
800 00
3,100 00
2,. 500 00
1,600 00
500 00
4,300 00
26,500 00
5,000 00
4,500 00
39,100 00
9,200 00
8,800 00
8,800 00
39,300 00
27,700 00
900 00
600 00
4,600 00
200 00
15,000 00
3,000 00
3,000 00
11,900 00
3,700 00
3,100 00
6,600 00
6,000 00
5,500 00
2,500 00
2,100 00
400 00
2,100 00
17,500 00
$ cts.
800 00
1,450 00
900 00
500 00
250 00
500 00
500 00
250 00
150 00
350 00
350 00
2,100 00
500 00
6,300 00
50 00
150 00
400 00
4,400 00
200 00
4,200 00
5,000 00
1,500 00
1,3.50 00
15,000 00
3,600 00
700 00
300 00
6,2.50 00
7.50 00
400 00
1,550 00
1,2.50 00
800 00
250 00
2,1,50 00
13,2.50 00
2,, 500 00
2,250 00
19,550 00
4,600 00
4,400 00
4,400 00
19,6.50 00
13,8.50 00
4.50 00
300 00
2,300 00
100 00
7,500 00
1 , 500 00
1,500 00
5,950 00
1,850 00
1,.5.50 00
3,300 00
3,000 00
2,750 00
1,2.50 00
1,0.50 00
200 00
1,050 00
8,750 00
LIST OF SHAREHOLDERS
661
SESSIONAL PAPER No. 8
SUN LIFE— Concluded.
List of SHAREHOLDERS^ConcZudei.
Name.
Address.
No. of
Amount
Amount
shares.
subscribed .
paid in
cash.
$ cts.
$ cts.
400
40,000 00
20,000 00
210
21,000 00
10,500 00
88
8,S00 00
4.400 00
15
1,500 00
750 00
72
7,200 00
3,600 00
40
4,000 00
2,000 00
35
3,500 00
1,7.50 00
35
3,500 00
1,750 00
50
5,000 00
2,500 00
10
1,000 00
500 00
150
15,000 00
7,500 00
26
2,600 00
1,300 00
47
4,700 00
2,350 00
47
4,700 00
2,350 00
15
1,500 00
750 00
14
1,400 00
700 00
5
500 00
250 00
25
2,500 00
1,250 00
57
5,700 00
2,850 00
65
6,500 00
3,250 00
17
1,700 00
850 00
32
3,200 00
1,600 00
5
500 00
250 00
371
37,100 00
18,5.50 00
14
1,400 00
700 00
1
100 00
50 00
106
10,600 00
5,300 00
46
4,600 00
2,300 00
17
1,700 00
850 00
33
3,300 00
1,650 00
8
800 00
400 00
32
3,200 00
1,600 00
14
1,400 00
700 00
25
2,500 00
1,2.50 00
30
3,000 00
1,500 00
2
200 00
100 00
150
15,000 00
7,500 00
17
1,700 00
8.50 00
17
1,700 00
850 00
31
3,100 00
1,550 00
13
1,300 00
650 00
50
5,000 00
2,. 500 00
132
13,200 00
0,600 00
13
1,300 00
650 00
116
11,600 00
5,800 00
33
3,300 00
1,650 00
21
2,100 00
1,0.50 00
7
700 00
350 00
58
5,800 00
2,900 00
143
14,300 00
7,150 00
400
40,000 00
20,000 GO
30
3,000 00
1,500 00
32
3,200 00
1,600 00
5
500 00
250 00
5
500 00
250 00
7
700 00
350 00
100
10,000 00
5,000 00
30
3,000 00
1,500 00
4
400 00
200 00
68
6,800 00
3,400 00
8
800 00
400 00
10,000
$1,000,000 00
$ 500,000 00
National Trust Co., Ltd., in trust
Ogilvie, Mrs. Sarah Leney
Owen, Mrs. Jessie E
Parker, Mrs. Ida Louise
Perley, Sir Geo. H
Pettit, Mrs. Isabel M
Piddington, Mrs. Annie (institute)
Piddington, Alfred
, Piddington, Samuel
Piddington, A. G
Piddington, T. A., McDougall, Thos.,
and Mann, Win., executors
Redpath, Mrs. Alice G. (trustees)
Reelcie, Miss Jessie 0
Reekie, Miss Isabel G
Reid, John R
Reid, Geo E
Renfrew, Mrs. G. C. P
Riordon, Carl
Robertson, Henry (estate)
Roger, Hon. Geo. M
Ross, P. D., Ross, Jas. G., and Ross,
Miss C. M., (executors)
Ros.s, Rev. D., D.D
Ross, Mrs. Lydia M. (estate)
Ross, Frank W'
Ross, J. G
Ross, A. F. C
Ross, VV. G
Royal Trust Co
Rowlands, Mrs. C. S
Ryan, Hugh A
Ryan, John (estate)
Ryan, Mrs. M. I. (estate)
Smith, Mrs. I. H
Smith, Mrs. May Hope
Snasdell, James S
Steele, Alexander
Steele, R. W. and McQueston, J. A
Stevenson, Miss Agnes S
Stevenson, Miss J. E '. . . .
Stewart, Mrs. Jeannie M
Summer, Mrs. Jessie Dickson
Tasker, William (estate)
Tasker, Miss M.H.J
Thompson, Mrs. Clarissa D
Tory, James C
Tory, John A
Voss, Mrs. Herman
Voss, Mrs. Herman, in trust
Waddell. R. M
Waldie, John (estate)
Walker, F. T., Mgr. in trust
Walker, F. T., and Beatson, J. A., in
trust
Warner, Mrs. L. C
Watson, Hugh
Wells, Mrs. Vivian M
Williams, Miss J. A. C
Wilkes, Alf., J., K.C
Wilkes, Mrs. Esther F
Wood, Arthur B
Workman, Thomas, in trust
Wright, Miss Marion S
Montreal
Detroit, Mich —
Ottawa
Kingston, Eng. . .
Quebec
Montreal
Ottawa
Westmount
Montreal
London, Eng
Montreal
Ottawa
Montreal
Kelowna, B.C. . .
Montreal
Westmount
Peterborough —
Montreal
Kingston
Quebec
Montreal
Aberdeen, N.C. .
Toronto
Chicago
Toronto
Montreal
Quebec
Montreal
Westmount
Mount Forest
Westmount
Montreal
Toronto
Lakeport, Cal —
Peterborough
Toronto
Montreal
Portland, Oregon
Brantford
Montreal
Ottawa
Montreal
662
DEPARTMENT OF IXSURANCE
11 GEORGE V, A. 1921
THE TRAVELLERS LIFE ASSURANCE COMPANY OF CANADA
List of Directors — (As at February 28, 1921).
Shareholdcri-' Directors — Hon. Geo. P. Graham, J. N. Greenshields, Lome C. Webster, Sir. \V. D. Reid,
J. W. McConnell, Hon. N. Curry, Jas. \V. Pyke, H. \V. Beauclerk, S. \V. JacoVjs.
Policyholders' Directors — Hon. A. K. MacLean, R. D. Bell, C. G., Pennock J. F. Cairns, William Lyall,
J. Ambrose O'Brien.
List of Shareholders — (As at December 31, 1920).
Name.
Address.
No. of
shares.
Amount
subscribed.
Amount
paid in
cash.
Abbott, O. C
Aird. Harry
Allan, Jas. G
Backman, J. E
Beauclerk, H. W
Bell, estate A. C
Bercovitch, P
Bienvenu, T. L
Biggar, W . H
Blackey, Miss. C.I
Blackey, MLss S. M
Borden, Mrs. E. E
Boreham, E. E
Brady, J
Bramley , Wm
Burgess, Dr. H. C
Burkett, P. W. A
Butler, M.J
By water, A. E
Butler, W. W
Cairns, Mrs. E. B
Calvin, H. A
Cameron, Mrs. E. S
Campbell, A
Carsley, S., & Co
Chandler, W. D
Chase, W. H
Chave, A. H
Chown, Geo. Y
Clapp, C. R
Connolly, W. S
Connolly, W. S. (in trust)
Connolly, Mrs. W. S
Conrod, T. F
Coombs, Mrs. A. M
Coombs, Mrs. A. M., and Borden, Mrs.
E. E. Jointly
Cox, H. C
Curry, Hon. N
Campbell, C. H. (estate)
Cowan, J
Cowan, F. W
Darling, D. J. M
Dawson, Geo. W
Deakin, C. E
Dunn, Miss M. E
DeWolf, J. E
Earle, A. P
Eaton, Mrs. A. E
Elliott, Dr. J. E
Engen, Fred
Elliott, R. K
Fairman, F. W
Fisher. Hon. S
Fortune, O. E
Gallagher, F. J
Gardner, B
Garrow, Dr. A. E
Gerahty, Wm
Smith's Falls, Ont . .
Montreal, P.Q
Hamilton, Ont
Riverport, N.S
Montreal, P.Q..^...
New Glasgow, N.S.
Montreal, P.Q
Toronto, Ont.
Ottawa, Ont
New Y'ork, U.S.A.
Westmount, P.Q. . .
Montreal, P.Q
Trenton, Ont
Montreal, P.Q
Saskatoon, Sask. . . .
Garden Island, Ont.
Toronto, Ont
Edmonton, Alta. . . .
Montreal. P.Q
V»'estmount, P.Q... .
\^olfville, N.S
Montreal, P.Q
Kingston, Ont
Woodstock, Ont
Hamilton, Ont
Regina, Sask. .
Montreal, P.Q.
Toronto, Ont . . .
Montreal, P.Q
Winnipeg, Man.
Oshawa, Ont. . .
Montreal, P.Q
Ottawa, Ont
Montreal, P.Q
Quebec, P.Q
Halifax, N.S
Montreal. P.Q
Owen Sound, Ont. .
Toronto, Ont
Milwaukee, U.S.A.
Halifax, N.S
Montreal, P.Q
Ottawa, Ont
Trenton, Ont
Montreal, P.Q
5
9
25
7
25
5
1
100
10
1
1
2
1
10
10
10
5
4
1
CO
25
5
1
1
10
20
50
50
10
1
10
1
2
1
1
.350
12
25
100
75
5
50
50
1
45
1
5
15
5
50
10
5
10
5
20
10
S cts.
500 00
900 00
2,500 00
700 00
2,500 00
500 00
100 00
10,000 00
1,000 00
100 00
100 00
200 00
100 00
1,000 00
1,000 00
1 , 000 00
500 00
400 00
100 00
6,000 00
2,500 00
500 00
100 00
100 00
1,000 00
2,000 00
5,000 00
5,000 00
1,000 00
100 00
1,000 00
300 00
200 00
100 00
200 00
100 00
100 00
35,000 00
1,200 00
2,500 00
10,000 00
7,. 500 00
500 00
5,000 00
5,000 00
100 00
4,500 00
100 00
500 00
1,500 00
500 00
5,000 00
1,000 00
.500 00
1,000 00
500 00
2,000 00
1,000 00
S cts.
100 00
180 00
500 00
140 00
500 00
100 00
20 00
2,000 00
200 00
20 00
20 00
40 00
20 00
200 00
200 00
200 00
100 00
80 00
20 00
1 . 200 00
500 00
100 00
20 00
20 00
200 00
400 00
1,000 00
1,000 00
200 00
20 00
200 00
CO 00
40 00
20 00
40 00
20 00
20 00
7,000 00
240 00
500 00
2,000 00
1 , 500 00
100 00
1,000 00
1,000 00
20 00
900 00
20 00
100 00
300 00
100 00
1 , 000 00
200 00
100 00
200 00
100 00
400 00
200 00
LIST OF SHAREHOLDERS
663
SESSIONAL PAPER No. 8
THE TRAVELLERS LIFE—Continued.
List of Shareholders — Continued.
Name.
Address.
No. of
shares.
Amount
subscribed.
Amount
paid in
cash.
Gordon, Sir C. B
Gordon, J. R
Graham, Hon. Geo. P
Graham, Mrs. N. D
Gray, Dr. W. A
Greenshields, C. G
Greenshields, J. N
Gordon, D. A
Haney, M. J
Harding, J. S
Henderson, L. L
Hepburn, B. R
Hersey, Dr. M. L
Hewton, John (estate)
Hobrecker, A
Hogle, M. W
Horsey, E. E
Holgate, B. A
Irvine, W. H
Irving, John
Jackson, W
Jacobs, S. W ,
Jaffray, Robt. (estate)
Jaffray, W. G. (in trust) ,
Jaffray, W. G
Johnstone, A
Kilborne, Dr. R. K
Knox, F. J
Larkin, P. C
Leonard, Major R. W
L'Esperance, Hon. D. O
Livingstone, C
Lovitt, Dr. I. M
Lyall, Mrs. M. H
McAIIan, G. H
McArthur, J. D
McConnell, J. W
McDougall & Cowans
McGibbon, D. Lome
McKay, John
Mackay, Mrs. K
McKelvey, John
McPhillips, F
Mac Kay, A. B
Mackenzie, Sir Wm
Mahon, W. F
Mills, C.W
Mills, G. G
Mooney , F. M
Mooney, G. A
Morris, A. E
Murdoch, W. B
O'Brien, M. J., Limited
O'Neill, Mrs. E. H
Pennington, D. H
Pense, E. J. B. (estate)
Pickels, F. B
Pickels, John C
Porter, H. A
Pyke, Jas. W
Playfair, J
Pennock, Mrs. H. C
Phillips, W. R
Quebec Savings and Trust Co
Randall, T.J
Rathbun, E. W
Raymond, L. C
Montreal, P.Q..
Brockville, Ont.
Smith's Falls, Ont.
Montreal, P.Q
Wallaceburg, Ont .
Toronto, Ont
St. John, N.B. ..
Montreal, P.Q
Picton, Ont
Montreal, P.Q....
Winnipeg, Man. . . .
Halifax, N.S
Westmount, P.Q. .
Kingston, Ont
Edmonton, Alta. .
Halifax, N.S
Montreal, P.Q
Kingston, Ont
Montreal, P.Q
Toronto, Ont
Pembroke, Ont
Kingston, Ont
Montreal, P.Q
Toronto, Ont
St. Catharines, Ont. . . .
Quebec, P.Q
Kingston, Ont
Yarmouth North, N.S.
Montreal, P.Q
Winnipeg, Man.
Montreal, P.Q.
Kingston, Ont
Montreal, P.Q
Kingston, Ont
Toronto, Ont
Hamilton, Ont
Toronto, Ont
St. John, N.B
Annapolis Royal, N.S..
Toronto, Ont
Montreal, P.Q
Amhenst, N.S.
Ottawa, Ont. . .
Quebec, P.Q...
Kingston, Ont
Annapolis Royal, N.S.
Oshawa, Ont
Montreal, P.Q..
Midland, Ont...
Vancouver, B.C.
Montreal, P.Q. .
Toronto, Ont...
Deseronto, Ont.
Welland, Ont...
100
20
289
10
10
.560
460
100
10
10
60
10
100
10
25
1
5
10
1
10
5
2.5
1
1
1
2
5
50
25
100
50
10
100
250
10
22
195
75
200
3
20
5
5
50
100
5
10
1
2
2
5
10
25
5
25
10
1
1
5
25
50
10
10
2,500
1
10
3
S cts
10,000 00
2,000 00
28,900 00
1,000 00
1,000 00
56,000 00
46,000 00
10,000 00
1,000 00
1,000 00
6,000 00
1,000 00
10,000 00
1,000 00
2,500 00
100 00
500 00
1,000 00
100 00
1,000 00
500 00
2,500 00
100 00
100 00
100 00
200 00
500 00
5,000 00
2,500 00
10,000 00
5,000 00
1,000 00
10,000 00
25,000 00
1,000 00
2,200 00
19,500 00
7,. 500 00
20,000 00
300 00
2,000 00
500 00
500 00
5,000 00
10,000 00
500 00
1,000 00
100 00
200 00
200 00
500 00
1 , 000 00
2,500 00
500 00
2,500 00
1,000 00
100 00
100 00
500 00
2,500 00
5,000 00
1,000 00
1,000 00
250,000 00
100 00
1,000 00
300 00
S cts.
2,000 00
400 00
5,780 00
200 00
200 00
11,200 00
9,200 00
500 00
200 00
200 00
1,200 00
200 00
2,000 00
200 00
500 00
20 00
100 00
20 00
200 00
100 00
500 00
20 00
20 00
20 00
40 00
100 00
1,000 00
.500 00
2,000 00
1,000 00
200 00
2,000 00
5,000 00
200 00
440 00
3,900 00
1,500 00
4,000 00
60 00
400 00
100 00
100 00
1,000 00
2,000 00
100 00
200 00
20 00
40 00
40 00
100 00
200 00
500 00
100 00
500 00
200 00
20 00
20 00
100 00
500 00
1,000 00
10,000 00
20 00
200 00
60 00
664
DEPARTMENT OF INSURANCE
THE TRAVELLERS LIFE^ Concluded.
List of Shareholders — Concluded.
11 GEORGE V, A. 1921
Name.
Address.
No. of
shares.
Amount
subscribed.
Amount
paid in
cash.
Reid, SirW. D
Rhodes, Hon. E. N
Richardson, Hon. H. W. (estate).
Riordon, S
Robinson, J. W
Ross, John T
Ross, W. D
Russell, H. Y
Ryan, Mrs. M
Ritchie, F. I
Sawver, E
Scarfe, A. P
Smellie, J. F
Smith, A. T
Smith, Mrs. E. S
Smith, G. E
Smith, W. H. L
Spencer, A
Spinney, E. K
Strasser, Mrs. E. K
Tannahill, R
Torrance, J. F. (estate)
Webster, L. C.
Webster, R. A
White, Hon. Peter
White, W. R
Willans, E
Williams, W. H
Wurtele, E. F
Webster, Smith Co., Ltd
Williamson, A. T
Whyte, estate Sir Wm
St. Johns, Nfld
Amherst, N.S
Kingston, Ont
Annapolis, Royal N.S.
Napanee, Ont
Quebec, P.Q
Toronto, Ont
Montreal, P.Q
Kingston, Ont
Three Rivers, P.Q....
Montreal, P.Q
Dartmouth, N.S
Ottawa, Ont
Toronto, Ont
Kingston, Ont
London, Eng
Yannouth, N.S. ,
Toronto, Ont
Belleville, Ont...
Westmount, P.Q.
Montreal, P.Q...
Pembroke, Ont.
Toronto, Ont
Pembroke, Ont.
Montreal, P.Q..
Halifax, N.S....
Seattle, Wash. .
Winnipeg, Man..
25
50
100
15
1
20
10
5
20
25
5
20
1
1
20
1
o
10
5
20
100
50
231
10
2
10
1
1
10
5
10
50
S cts.
2,500 00
5,000 00
10,000 00
1,500 00
100 00
2,000 00
1,000 00
500 00
2,000 00
2,500 00
500 00
2,000 00
100 00
100 00
2,000 00
100 00
200 00
1,000 00
500 00
2,000 00
10,000 00
5,000 00
23,100 00
1,000 00
200 00
1,000 00
100 00
100 00
1,000 00
500 00
1,000 00
5,000 00
S cts.
500 00
1,000 00
2,000 00
300 00
21) 00
400 00
200 00
100 00
400 00
500 00
100 00
400 00
20 00
20 00
400 00
20 00
40 00
200 00
100 00
400 00
2,000 00
1,000 00
4,620 00
200 00
40 00
200 00
20 00
20 00
200 00
100 00
200 00
1,000 00
7.997
$ 799,700 00
$ 177,840 00
LIST OF SHAREHOLDERS
665
SESSIONAL PAPER No. 8
THE WESTERN LIFE ASSURANCE COMPANY.
List op Dihectors — (As at February 22, 1921).
Shareholders' Directors — Jas. M. Carruthers, Adam Reid, T. J. Reid, M.D., C. W. Prowd, M.D.
Policyholders' Directors — W . E. Milner, Chas. B. Rosenblat.
List of Shareholders — (As at December 31, 1920).
Name.
Aasgard, John M. .
Adam, J. S
Adams, B. B
Adam s, Harry
Adams, J. H
Adams, J. R
Adamson, Thomas
Adkins, J. P
Agar, Norval
Agnew, S. C
Allan, Henry
Allan, J. S
Allen, G. H
Allen, W.J
Alston, A
A.ltermatt, H.J...
Altman, F. H
Ambry, W. J
Amy, M. E
Anderson, Amanda
Anderson, A. M
Anderson, D. K. . .
Anderson, D. H. . .
Anderson, O. J
Anderson, Swan. . .
Andrew, L. W. C.
Angove, S
Annis, D. B
Ardell, J. I
Ardell, J. N
Argue, J. R
Armey, Frank
Armstrong, W. N..
Arnott, Samuel
Ashley, A. W
Atkinson, C. F....
Atkinson, S. W
Auld, W. C
Austin, A. E
Averill, I.B
Backman, Ernest. .
Backman, W. E
Bailey, S.J
Bailey, R
Baker, Ernest
Ballard, F. N
Banner, William. . .
Bannister, F. N
Barber, G. G
Barnes, John
Barrows, S. G
Bartsch, Christian.
Barwell, George
Bean, B. O
Beattie, Harold E.
Bedford, F. R
Beers, Ernest
Bell, Henry
Bellhouse, Edward,
Bellinger, Ralph...
Bendle, Frank
Address.
Milo, Alta
Seinans, Sask. ..
Lomond, A!ta. .
Vulcan, Alta
Semans, Sask. . .
Lougheed, Alta.
Pontei.x, Sask. . .
Carnrose, Alta. .
Provost, Alta.. .
Pennant, Sask
Saskatoon, Sask
Bow Island, Alta
Tod Inlet, B.C
Majorville, Alta
Carmangay, Alta
Alsask, Sask
Swift Cuj'rent, Sask.
Watrous, Sask
Warner, Alta
Elbow, Sask
Moosejaw, Sask
Kincaid, Sask
Hanley, Sask
Warner, Alta
Kamsack, Sask
Summerland, B.C...
Central Butte, Sask.
AlsasK, Sask
Macklin, Sask
Gleichen, Alta
Govan, Sask
Cymric, Sask
Mantario, SasK;
Vegreville, Alta
Claresholm, Alta. .
Youngstown, Alta. .
Vancouver, B.C
Smoky Lake, Alta.
Yahk, B.C
Vanguard, Sas^
Wiaeton, Sask
Warner, Alta
Vancouver, B.C
Imperial, Sask
Macklin, Sask
Travers, Alta
Newgate, B.C
Bindloss, Alta
Warner, Alta
Gleichen, Alta
Conquest, Sask. . . .
Trail, B.C
Bow Island, Alta. . .
Vancouver, B.C
Burdett, Alta
Verwood, Sask
Vancouver, B.C
Prelate, Sask
Alsask, Sask
Amount
subscribed.
10
10
10
10
10
10
10
10
10
10
15
5
10
10
10
10
10
5
10
5
5
10
.5
10
5
10
10
10
20
10
20
10
25
10
10
5
5
5
5
10
10
10
5
5
10
5
10
10
10
5
10
15
10
10
5
10
15
10
$ cts.
1,000 00
1,000 00
1,000 00
1,000 00
1,000 00
1,000 00
1,000 00
1,000 00
1,000 00
1,000 00
1,.500 00
500 00
1,000 00
1,C00 00
1,000 00
1,000 00
1,000 00
500 00
1,000 00
500 00
500 00
1,000 00
500 00
1,000 00
500 00
1,000 00
1,000 00
500 00
500 00
500 00
1,000 00
2,000 00
1,000 00
2,000 00
1,000 00
2,500 00
1,000 00
1,000 00
500 00
500 00
500 00
500 00
1,000 00
1,000 00
1,000 00
500 00
500 00
1,000 00
500 00
1,000 00
1,000 00
1,000 00
500 00
1,000 00
1,500 00
1,000 00
1,000 00
500 00
1,000 00
1,500 00
1,000 00
Amount
paid in
cash.
cts
100 00
200 00
100 00
100 00
200 00
100 00
100 00
100 00
100 00
100 00
50 00
100 00
100 00
100 00
100 00
100 00
100 00
50 00
50 00
200 00
50 00
200 00
50 00
100 00
100 00
50 00
50 00
50 00
100 00
100 00
200 00
200 00
100 00
100 00
100 00
50 00
50 00
100 00
200 00
100 00
100 00
50 00
50 00
100 00
50 00
100 00
100 00
100 00
50 00
100 00
100 00
200 00
50 00
100 00
300 00
100 00
666
DEPARTMENT OF INSURANCE
THE WESTERN LIVE— Continued.
List or Shareholders — Continued.
11 GEORGE V, A. 1921
Name.
Berringer, Joseph
Bianco, Victor
Bird, Ada B
Bird, Edna X
Bird, John D
Bird. J. J
Bishop, H. F
Blatter, Christian
Blatter, John
Blott, W. H
Bond, A. L
Bond, F. R
Boocock, William
Booth, R. D. (estate)...
Both, Fernando
Both. S
Bourke, William
Bowditch,T. H
Bowers, John A
Boyce, George P
Boyd, Fred
Boyd, Mrs. Henrietta. . .
Boyd, Mrs. Margaret W
Boyes, Harry
Bracewell, B.C
Braine, A. A
Breckon, R. H
BreuiUe, A. A
Bricker, Aaron
Broadhurst, John A
Brockest, F. A
Bromley, James R
Broten, Christ
Brown, A. G
Brown, Dr. A. O
Brown, F. J
Brown, F. L
Brown, George L
Brown, Mrs. Isabella. . .
Brown, Judson A
Brown, Mrs. Louisa
Brown, T. P. R
Brownlee, George O. . . .
Brj'an, George F
Buchan, Andrew S
Bundy, Thos. W
Burgess, Charles
Burgess, R. W
Burk, James E
Burk, Robert O
Burke, Dr. Gordon
Burnap, I<aban C
Burns, Samuel
Burns, Thomas E
Butler, George F
Cador, Alfred L
Caldwell, Charles B....
Caldwell, Montgomery.
Callbeck, Dr. A. D
Cameron, Donald
Cameron, John J
Campbell, Bert R
Campbell, C. E. G
Campbell, Cora A
Campbell Brothers
Campbell, .John E
Campbell, L. R
Address
Warner, Alta
Trail, B.C
Moosejaw, Sa.sk.
Saskatoon, Sask
Victoria, B.C
Warner, Alta
Warner, Alta
E.stuarj', Sask
Winnipeg, Man
Govan, Sask
Crow's Nest, B.C
Winnipeg, Man
Saskatoon, Sask
New York
Brandon, Man
Success, Sask
Lomond, Alta
Admiral, Sask
Winnipeg, Man
Empress, Alta
Vnncouver, B.C
Pincher Station, Alta.
Penticton, B.C
Spruce Lake, Sask. . . .
Moosejaw, Sask
Winnipeg, Man
.\ldersyde, Alta
Crow's Nest, B.C
Winnipeg, Man
Kamloops, B.C
Viscount, Sask
Holden, Alta
Vulcan, Alta
Alderson, Alta
Empress, Alta. .
Lougheed, Alta.
Woodrow, Sask.
Bindloss, Alta. .
Lucky Strike, .\lta.
Winnipeg, Man
Travers. Alta
Erickson, B.C
Waldo, B.C
Cabri, Sask
Majorville, Alta
Britannia, B., B.C. . .
Barons, Alta
Nobleford, Alta
Burdett, Alta
.Strathmore, Alta. . . .
Bassano, Alta
Oregon City, Ore. . . .
Warner, Alta
Hardisty, Alta
Granum, Alta
Pincher Creek, Alta.
Burdett, Alta
Minneapolis, Minn. . .
Winnipeg, Man
Eyremore, Alta
Hanley, Sask
Govan, Sask
No. of
shares.
10
10
3
3
10
10
10
10
10
10
10
5
5
5
12
13
5
10
5
5
2
10
25
10
10
10
.5
10
10
10
10
5
5
5
10
5
20
10
10
5
2
10
10
5
10
10
10
5
20
20
20
10
.5
10
20
5
5
10
10
5
10
10
10
5
Amount
subscribed.
S cts.
1,000 00
1,000 00
300 00
300 00
1,000 00
1,000 00
1,000 00
1,000 00
1,000 00
1,000 00
1,000 00
500 00
500 00
500 00
1,200 00
1,300 00
.500 00
1,000 00
500 00
500 00
200 00
1,000 00
2,500 00
1,000 00
1,000 00
1,000 00
500 00
1,000 00
1,000 00
1,000 00
500 00
500 00
500 00
1 , 000 00
500 00
500 00
500 00
1,000 00
500 00
2,000 00
1,000 00
1,000 00
500 00
200 00
1,000 00
1,000 00
500 00
1,000 00
1,000 00
1,000 00
500 00
2,000 00
2,000 00
2,000 00
1,000 00
500 00
1 , 000 00
2,000 00
500 00
500 00
1,000 00
1,000 00
.500 00
1,000 00
1,000 00
1,000 00
500 00
Amount
paid in
ca.sh .
LIST OF SHAREHOLDERS
667
SESSIONAL PAPER No. 8
THE WESTERN LIFE— Continued.
List of Shareholders — Continued.
Name.
Address.
No. of
shares.
Amount
subscribed.
Amount
paid in
cash.
Campbell, Matthew. . .
Campbell, Roy E
Campbell, S
Campbell, W'. L
Campbell, W . \V
Cann, Alfred
Carlson, John
Carson, Otto G
Carnahan, Herbert. . . .
Carnal, Wm. R
Carruthers, George W.
Carruthers, James M . .
Carson, Dr. George M.
Carter, James E
Carter, Dr. L.J
Carter, R. H
Case, George F
Casey, George R
Cathcart, E. A
Catton, B
Cave, Harold J
Cave, Joseph J
Chambers, John O
Chapman, William
Charters, Edward J . .
Chisholm, H. B
Clancy, Dr. J. P. I ... .
Clare, Nellie
Clark, John Y
Clark, William G
Clegg, Mary
Clemens, A. E
Clifford, G. D
Coan, Louis
Cochran, J. C
Coghlin, Dr. W. A
Collicutt, C. W
Colling, E. M
Colling, J. W
Colling, T.J
Collins, Thomas
Conboy, Thomas H. . .
Cooney, Eugene H
Cooper, A. H
Cooper, E. W
Cooper, P. E
Corbett, Alfred
Corbould, CD
Corklin, George
Cornish, V
Corry, John J
Coulson, Nelvin L
Coulter, John
Coulter, John H
Coupland, Adct
Cowan, Howard
Cowie, James
Cragg, O. A
Craig, Robert
Craig, Dr. W. H
Crawford, A. J
Crawford, B. R
Crawford, G. N
Crease, Lindley
Creighton, Dr. J. K. . .
Cressman, Millo
Halladay, Alta . . .
Burdett, Alta
Eskbank, Sask. . .
Viking, Alta
Burdett, Alta
Sidney, Man
Hawarden, Sask..
Surf Inlet, B.C..
Lafloche, Sask
Edmonton, Alta. .
Munson, Alta
Winnipeg, Man. . . .
Vulcan, Alta
Trail, B.C
Brandon, Man
Moosejaw, Sask. .
Fort Arthur, Ont .
Dunblane, Sask. .
Chemainus, B.C. .
Hanley, Sask
Beaverton, Ont. . .
Warner, Alta
Central Butte, Sask.
Vulcan. Alta
Warner, Alta
.Semans, Sask
Winnipeg, Man
Mantario, Sask
Dinsmore, Sask
Norwood, Man
Calgary, Alta
Vulcan, Alta
Crow's Nest, B.C . .
Fortine, Mont
TraU, B.C
Zelma, Sask
Moosejaw, Sask
Blytheville, Ark.
Vancouver, B.C..
Dacotah , Man . . .
Elbow, Sask
Winnipeg, Man. ..
Tugaske, Sask.. .
Unity, Sask
Winnipeg, Man. . .
Bains Lake, B.C
Eyebrow, Sask. .
Fernie, B.C
Zelma, Sask
Tessier, Sask
Cabri, Sask
St. Mary's, Ont. .
Luseland, Sa.sk. . .
Nanaimo, B.C. . .
Eyremore, Alta. .
Chauvin, Alta
Sedgewick, Alta.
Vancouver, B.C.
Admiral, Sask. . .
Saltcoats, Sask. .
Victoria, B.C
Stettler, Alta
Staveley, Alta. ..
10
10
20
20
10
5
10
.5
5
10
10
20
10
20
5
5
5
5
5
10
5
5
5
25
5
10
10
5
10
10
.5
25
20
10
20
10
5
2
10
5
5
10
10
10
20
5
5
10
5
5
10
3
20
5
10
20
10
10
5
5
5
10
10
S cts.
1,000 00
1,000 00
2,000 00
2,000 00
1,000 00
500 00
1,000 00
500 00
.500 00
1,000 00
1,000 00
2,000 00
1,000 00
2,000 00
500 00
500 00
500 00
500 00
500 00
1,000 00
500 00
500 00
500 00
2,500 00
500 00
1,000 00
1,000 00
500 00
1,000 00
1,000 00
500 00
2,500 00
2,000 00
1,000 00
2,000 00
1,000 00
500 00
200 00
200 00
300 00
500 00
1 , 000 00
500 00
500 00
1 , 000 00
1,000 00
1,000 00
2,000 00
500 00
500 00
1,000 00
500 00
500 00
1,000 00
.300 00
2,000 00
500 00
1,000 00
2,000 00
1,000 00
1.000 00
500 00
500 00
500 00
1,000 00
1,000 00
cts.
100 00
200 00
400 00
200 00
200 00
100 00
200 00
50 00
50 00
200 00
100 00
400 00
100 00
300 00
100 00
50 00
100 00
100 00
50 00
200 00
50 00
50 00
50 00
250 00
50 00
100 00
100 00
100 00
100 00
200 00
100 00
250 00
200 00
100 00
200 00
100 00
100 00
40 00
40 00
60 00
100 00
100 00
.50 00
100 00
200 00
200 00
100 00
400 00
50 00
100 00
100 00
50 00
50 00
CO 00
200 00
50 00
100 00
100 00
50 00
50 00
100 00
100 00
100 00
668
DEPARTMENT OF INSURANCE
THE WESTERN I^IFE— Continued.
List of SHAHEHOiiDERS — Continued.
11 GEORGE V, A. 1921
Name.
Address.
No. of
shares.
Amount
subscribed.
Culler, W.E
Cush, John
Cyr. D
Dale, John
Daloise, D
Dangerfieid, H. A
Davidson, B. R
Davidson, W. H
Davies, L. R
Davis, D. R
Dawes, A. A
Dawson, G.J
Day, George
Demorest, Isabelle
Dennes, B . H
Dewey, C. H
Dewej", J. A
Dickinson, C
Dickson, L. P. M
Diebel, H. K
Dillman, E. A.
Dingman, Nellie
Dixon, Harry
Dodd, W. H
Dorion, Dr. J
Donohue, E. J
Doolittle, Jasper
Down, John
Dreany, H. A
Duffield, E. I
Duffield, E. H
Duncan, L. B
Duncan, W. A
Dunnell, Albert
Durkee, H. M
Dwver, O. K
Dver, J. H
Eckhardt, E. H
Edwards, J. H
Eliason, E. J
Elliott, J. B
Elliott, R. T
Elliott, W. G
Elliott. W.M
Ellis, M.E
Elves, H.E
Elves, M.W
Ernst, H.W
Etter, O. L
Evans, R. W
Ewen. A. E
Ewen, W . B
Eyres, W.T.P
Farley, J
Farley, V.. S
Farquharson, G. H.Dr.
F.arrell, Dr. S. J
Fee, 'Acilter
Fee, ^^. J. M
Fieve, E. W
Fillmore, F. S
Findlay, Joseph
Finklestein, Moses
Finley, R. C
Fisher. E. R
Fisher, Wm
Fletcher, B
cts.
Warner, Alta
Medicine Hat. Alta. . .
Pincher Creek, Alta...
W. Summerland, B.C.
Trail, B.C
Winnipeg, Man
Pennant, Sask
Moosejaw, Sask
Prelate, Sask
Vegreville, Alta
Blackie. Alta
Armada, Alta
Standard, Alta
Bindloss, Alta
Sirdar, B.C
Young, Sask
Winter, Sask
Sibbald, Alta
Forres, Sask
Cut Knife, Sask
Winnipeg, Mnn
Victoria, B.C
Woodrow, Rask
Vonda, Sask
Britannia Beach, B.C.
Youngstown, Ohio. . . .
Calgarj', Alta
Sedgewick, Alta
Springridge, Alta. . . .
Govan, Sask
New Dayton, Alta
Broderick, Sasii
Quimper, Sask
Champion, Alta
Vancouver, B.C
St. Paul, Minn
High R'ver, Alta
Govan, Sask
Glenside, Sask
Ladner, B.C
Wiseton, Sask
Tugaske, Sask
Wilkie, Sask...
Lomond. Alta.
Vulcan, Alta. ..
Impe'-ial, Sask.
Prelate, Sask. .
Govan, Sask.. .
Eyremore, Alta.
Moosejaw, Sask.
Glenside. Sask..
Gle'chen, Alta..
Holden, Alta
Punnichy, Sask.
Unity, Sasic
Saskatoon, Sask. ,
Provost, Alta
Winnipeg. Man
Kincaid, Sask
Lethbridge, Alta.
Okotoks, Alta
Moosejaw, Sask . .
20
2,000 00
20
2,000 00
5
500 00
10
1,000 00
10
1,000 00
15
1,500 00
20
2,000 00
5
500 00
20
2,000 00
30
3,000 00
20
2,000 00
10
1,000 00
10
1,000 00
10
1,000 00
.5
500 00
15
1,500 00
20
2,000 00
30
3,000 00
10
1,000 00
5
.500 00
5
500 00
10
1 , 000 00
20
2,000 00
5
500 00
5
500 00
•■)
500 00
10
1,000 00
10
1,000 00
5
500 00
10
1,000 00
5
500 00
10
1,000 00
20
2,000 00
5
.500 00
10
1,000 00
10
1,000 00
5
500 00
10
1,000 00
10
1,000 00
60
6,000 00
10
1,000 00
10
1 . 000 00
5
.500 00
5
500 00
5
500 00
5
500 00
10
1,000 00
40
4,000 00
15
1,500 00
15
1,.500 00
10
1,000 00
10
1,000 00
5
.wo 00
10
1,000 00
15
1,.500 00
10
1.000 00
10
1,000 00
10
1,000 00
15
1,500 00
5
500 00
10
1,000 00
10
1,000 00
10
1,000 00
10
1,000 00
10
1,000 00
10
1,000 00
50
5,000 00
LIST OF SHAREHOLDERS
669
SESSIONAL PAPER No. 8
THE WESTERN T.IFB— Continued.
List of Shareholdf.bs — Continued.
Name.
Flower, R
Folk, C. W
Ford, Dr. H. B....
Foster, G. E
Foumier, J. H
Fraedrich, F. \\
Eraser, M. E
Freeland, F. L
Fry, W. C
Fyfe, J. J
Gainer, E
Gainer, Neil
Galbraith, S
GalHnger, A. N
Gardner, C. A
Garnder, W. R
Gaudaur, C.J
Gemmill, F
Gerlinger, G. A
Germain & Co. E
Gessell &: Son, J. L. . . .
Gibb, Wm
Gibson, Mrs. F .A
Gibson, F. W
Gifford, .James
Gifford, Wm
Gifford, W.E
Gilbert, H.F
Gillespie, James
Gillespie, Dr. J. A
Gillies, Dr. G. E
Gilroy, J. -A
Goddard, E
Godfrey, J. G
Godfrey, P
Godfrey, M
Gordon, James H
Gow, John A
Graham, Alex
Graham, Dr. Dawson.
Graham, James E
Graham, S. S
Graham, Thos. J
Graham, W m. A
Graham, W'm. J
Grant, David
Grant, Henry C
Grant, James R
Grant, Joseph
Green, Jay H
Green, .John A
Green, P. M
Greenshields, John D. ,
Greentree, Wm. J
Gregg, George
Grieve, Mrs. Ellen
Groner, S. J
Gryde, S. K
Halifax Brothers
Hall, Richard
Halleran, Joseph
Hamilton, Hugh E
Hamilton, Wm
Hanna, R. F
Hansen, Elmer A
Hansen, Ernest C
Hansen, James P
Address.
Crow's Nest, B.C.
Carmangay, Alta.
Tompkins, Sask...
Unity, Sask
Vonda, Sask
Warner, Alta
Kerrobert, Sask...
Alsask, Sask
Champion, Alta. . .
Loverna, Sask
Sceptre, Sask
Armada, Alta...
Eyebrow, Sask. .
Caylej', Alta
Champion, Alta.
Gleichen, Alta...
Tugaske, Sask.. .
Burdett, Alta....
V\'innipeg, Man. . .
HanleA% Sask.. . .
Killam, Alta....
Winnipeg, Man...
Brooks, Alta
Glenside, Sask. .
Tessier, Sask
Lethbridge, Alta.
Vancouver, B.C..
Govan, Sask
Hammond, B.C
Loverna, Sask
Semans, Sask
Loverna, Sask
Warner, Alta
T?arons, Alta
Govan, Sask
I3rumheller, Alta. . . .
Vondd, Sisk
Warner, Alta
Pennant, Sask
Simp.son, Sask
Biggar, Sask
ICillam, Alta
Sceptre, Sask
Wiseton, Sask
Killam, Alta
Brant, Alta
Blackie, Alta
Richdale, Alta
Semans, Sask
Govan, Sask
Hanley, Sask
Allenby, B.C
Lougheed, Alta
Leader, Sask
Vonda, Sask
Norwood, Man
Bow Island, Alta
Unity, Sask
Semans, Sask
Vancouver, B.C
Pincher Creek, Alta.
Standard, Alta
No. of
shares.
20
10
20
5
0
10
10
10
5
10
20
10
5
10
20
10
5
20
5
10
10
15
3
5
10
20
10
5
10
5
50
10
10
5
15
5
5
10
5
20
10
5
15
5
5
5
10
5
5
20
10
10
20
5
5
5
5
20
10
15
5
10
10
10
10
10
20
Amount
subscribed.
•S cts.
2,000 00
1,000 00
2,000 00
500 00
500 00
1,000 00
1,000 00
1,000 00
500 00
1,000 00
2,000 00
1,000 00
500 00
1,000 00
2,000 00
1,000 00
500 00
2,000 00
500 00
1,000 00
1,000 00
1,500 00
300 00
500 00
1,000 00
2,000 00
1,000 00
500 00
1,000 00
500 00
5,000 00
1,000 00
1,000 00
500 00
1,.500 00
500 00
500 00
1,000 00
500 00
2,000 00
1,000 00
500 00
1,500 00
500 00
500 00
500 00
1.000 00
500 00
500 00
2,000 00
1,000 00
1,000 00
2,000 00
500 00
500 00
500 00
500 00
2,000 00
1,000 00
1,500 00
500 00
1,000 00
1,000 00
1,000 00
1,000 00
1,000 00
2,000 00
Amount
paid in
cash.
$ cts.
200 00
100 00
400 00
50 00
100 00
100 00
100 00
100 00
50 00
100 00
50 00
200 00
lOO-OO
50 00
400 00
100 00
200 00
100 00
150 00
60 00
.50 00
200 00
400 00
200 00
50 00
100 00
100 00
400 00
200 00
100 00
50 00
300 00
50 00
50 00
100 00
100 00
200 00
200 00
50 00
50 00
.50 00
•50 00
100 00
50 00
200 00
100 00
100 00
400 00
100 00
.50 00
50 00
50 00
400 00
200 00
300 00
50 00
100 00
200 00
100 00
100 00
100 00
200 00
670
DEPARTMEyr OF lySURANCE
THE WESTERN LIFE— Continued.
List of Shabeholders — Continued.
11 GEORGE V, A. 1921
Xame.
Hartell, W
Harrington, William..
Harris, Dee
Harris, George M
Hart, James E
Haydon, C. W
Haydon, Gilbert \V...
Haymes, Mr.s. Lula I.
Healy, John D
Heather, A. E
Heather, Geo. W
Heatley, James B . . . .
Heddesheimer, W. L.
Heidmiller, Frank
Helmer, R. H
Henderson, R. X
Hendrickson, O. H. . .
Hennan, W.J
Henry, W.J
Henry, I. R. W
Henry, W.J
Herbert, E. C
Herbert, Mrs. F. C...
Heroski, Peter
Hewitt, M.J
Hicks, A. Z
Higgins, J. A
Highmoor, Jonathan. .
Highmoor, William...
Hilborn, .J. L....
Hill, John
Hill, W. S
Hipps, C. J
Hodgson, Dr. R. O...
Hoel, M.J
Hohmann, Henry
Hokanson, A. E. . . .
Holbrook, V. H
Holden, Airs. Agnes...
Holden, Benj
Holroyd, Geo. W
Honeywell, Thos. J. . .
Hood, Geo. J
Hooker, Geo. W
Horning, Frederick...
Hougen, Louis O
Howard, Chas. H
Hoyes, C
Hubka, Frank
Huistel, Louise
Huistel, Rupert
Humphries, A. J
Humphry, Stewart . .
Hunt, John D
Hunter, Mc-Keen
Hunter, Robert
Hurum, Grace
Hurum, Stella
Inverarity, Thomas. .
Jackson, E. E
Jackson, L. C
James, E. A
James, E. A
James, John E
James, S. P
.Tardine. W. T
Jarvis, Chas. W
Address.
Tugaske, Sask
Glensidc, Sask
Armada, Alta
Prelate, Sask
Vancouver, B.C
Cabri, Sask
Consort, Alta
Hanley, Sask
Majorville, Alta
Minneapolis, Minn
Windthorst, Sask
Stavely, Alta
Summerland, B.C
Empress, Alta
Camrose, Alta
Roland, Man
Vancouver, B.C
Hanley, Sask
Alsask, Sask
u
Crows Nest, B.c!!!!
Chinook, Alta
Okotok-s, Alta
Kimberley, B.C
Empress, Alta
Victoria, B.C.'.!!.'!.'.'
Pennant, Sask
Kinnondale, Alta
Dumont, New Jersey
Tessier, Sask
Burdett, Alta
Luseland, Sask
Dundurn, Sask
Killam, Alta
Brant, Alta
Warner, Alta
Luseland, Sask
Tuscola, Sask
Lafleche, Sask
Simpson, Sask
Sceptre, Sask
Cayley, Alta
Eyebrow, Sask
Carmangay, Alta. . . .
Warner, Alta
Raymore, Sask
Unity, Sask
Edmonton, Alta
Coleman, Alta
Ha warden, Sask
Holden, Alta
Twin Hill, Sask......
Edgerton, Alta
Lomond, Alta
Winnipeg, Man
Semans, Sask
Gleichen, Alta
Biggar, Sask
Tugaske, Sask
Hanley, Sask
No. of
shares.
Amount
subscribed.
$ cts.
10
1,000 00
10
1 , 000 GO
10
1,000 00
10
1 , 000 00
3
.300 00
10
1 , 000 00
10
1,000 00
2
200 00
5
500 00
5
.500 00
5
500 00
5
500 00
5
500 00
10
1,000 00
10
1 , 000 00
10
1,000 00
1
100 00
5
500 00
10
1 , 000 00
5
500 00
5
.500 00
5
500 00
5
500 00
5
500 00
5
.500 00
10
1,000 00
10
1 , 000 00
10
1 , 000 00
10
1 , 000 00
10
1 , 000 00
10
1,000 00
10
1 , 000 00
5
.500 00
5
500 00
10
1,000 00
10
1,000 00
15
1,500 00
10
1,000 00
10
1,000 00
10
1,000 00
10
1.000 00
5
.500 00
10
1,000 00
10
1,000 00
10
1,000 00
10
1,000 00
10
1 , 000 00
10
1 , 000 00
20
2,000 00
20
2,000 00
45
4,500 00
5
500 00
10
1 , 000 00
100
10,000 00
10
1,000 00
10
1 , 000 00
5
500 00
5
500 00
10
1,000 00
5
500 00
10
1,000 00
5
,500 00
10
1,000 00
5
.500 00
10
1 , 000 00
20
2,000 00
10
1,000 00
LIST OF SHAREHOLDERS
671
SESSIONAL PAPER No. 8
THE WESTERN LIFE— Continued .
List of Shareholders — Continued.
Name.
Address.
No. of
shares.
Amount
subscribed.
Amount
paid in
cash.
Vancouver, B.C
10
10
25
10
10
5
5
20
10
5
5
5
5
10
10
10
20
50
10
20
2
10
25
10
10
10
3
10
10
10
5
10
5
15
3
10
10
20
5
10
5
10
30
30
5
5
5
5
10
10
5
5
. 5
10
10
10
50
5
10
10
20
10
10
5
5
25
5
$ cts.
1,000 00
1 , 000 00
2,500 00
1,000 00
1,000 00
500 00
500 00
2,000 00
1,000 00
500 00
500 00
.500 00
500 00
1,000 00
1,000 00
1,000 00
2,000 00
5,000 00
1 , 000 00
2,000 00
200 00
1,000 00
2,500 00
1,000 00
1,000 00
1,000 00
300 00
1,000 00
1,000 00
1,000 00
500 00
1,000 00
500 00
1,500 00
.300 00
1,000 00
1,000 00
2,000 00
500 00
1,000 00
.500 00
1,000 00
3,000 00
3,000 00
500 00
500 00
500 00
500 00
1,000 00
1,000 00
500 00
500 00
500 00
1,000 00
1,000 00
1 , 000 00
5,000 00
500 00
1,000 00
1,000 00
2,000 00
1,000 00
1,000 00
500 00
500 00
2,500 00
500 00
$ cts.
200 00
Jochem, Jacob A
Milk River, Alta
Long Beach, Cal
Vulcan, Alta
Burdett, Alta
Holden, Alta
100 00
Johansen, .John B
250 00
Johanson, G. L
100 00
Johnson, .John F
200 00
50 00
Johnson, W. L
Enchant, Alta
Blad worth, Sask
Vulcan, Alta
50 00
Johnston, John F
200 00
Jones, David C .
100 00
Jones, Henrv H
Elrose, Sa.sk
Flag.stone, B.C
50 00
Jones, Wm. E
50 00
Kaiser, Benj. T . .
Harris, Sask
Perdue, Sask
Guekh, Ont
50 00
Kean, Alex. L
50 00
100 00
Keir], W. H
Semans, Sask
200 00
Kelley, .Jesse A
Kelly, J. G
Brant, Alta
Edmonton, Alta
Winnipeg, Man
100 00
400 00
Kelly, Thomas ^
1,000 00
Kemball, A. J .
200 00
Kempthorne, S. T
Saskatoon, Sask
Winnipeg, Man
Unity, Sask
Chatham, Ont
Govan, Sask
400 00
Kennedy, A. H
40 00
Kennedy, D.J
100 00
Kerr, John G
.500 00
Ketcheson, G. M .
200 00
Kidd, W. E
Hanlev, Sask
200 00
Kieper, J. H
Tugaske, Sask
Vancouver, B. C
Dunblane, Sask
200 00
King, Horace R
60 00
Kinsman, John H
200 00
Kinsman, Wm. R
Hanlev, Sask
200 00
Kippen, John D
100 00
Kirk, Dr. S.J
Kitchen, Dr. W. C
Oak River, Man
Aneroid, Sask
100 00
100 00
Knoggs, Thomas
.50 00
Koester, C. G
Enchant, Alta
150 00
Krasicki, Emanuel
Sydney, N.S
60 00
Kuehn, Frank A
Warner, Alta
100 00
LaBerge, Albert
Elrose, Sask
100 00
Lafoe, E. L. (Est.)
Sedgewick, Alta
Kenaston, Sask
200 00
ll.ane, Irl Ray
100 00
Lang, .John A
Simpson, Sask
25 00
Lantinga, Rudolph
Macleod, Alta
50 00
Lattornell, S. C
Vegreville, Alta
200 00
Lawrence, Geo. D
Hanley, Sask
600 00
Larson, P. W
Kenaston, Sask
600 00
LaZerte, M. E
Bassano, Alta
50 00
Lea veil, Henry S
Majorville, Alta
50 00
Lea veil, Paul C.
Mile, Alta
50 00
LeBow. T. B
Vulcan, Alta
50 00
Ledgerwood, N. E
Bashaw, Alta
100 00
Lee, W.J
Eyremore, Alta
100 00
Lees, W. R . ..
Pincher Creek, Alta ....
Gleichen, Alta
.50 00
Leggat , Lome
.50 00
Lehane, William
Regina, Sask
50 00
Lengyel, John
Stavelv, Alta
100 00
Lensegraf, H. T. . . .
Chinook, Alta
100 00
LeRiche E. D
Sedgewick, Alta
100 00
Leslie, John (Estate)
Winnipeg, Man
1 , 000 00
Lewis, 0. E
Jaffray, B.C
50 00
Lewis, S. G
Chauvin. Alta
100 00
Lewis, Thomas . . .
Semans, Sask
200 00
Liboiron, Adrien
Ponteix, Sask
350 00
Lillie S. J
Warner, Alta
Lindsay, R
Strome, Alta
200 00
Lindsay, RoJ)ert G
Girvin, Sask
50 00
Lines, R. W. (Estate)
Edmonton, Alta
Marshall town, Iowa
W ainwright, Alta
100 00
Linn, Helen A
500 00
Little. Harold V
50 00
672
DEPARTMENT OF INSURANCE
THE WESTERN LIFE— Conttnucd.
List of Shaheholdehs — Continued.
11 GEORGE V, A. 1921
Name.
Address.
No. of
shares.
Amount
subscribed.
Amount
paid in
cash.
Lloj'd, Thomas C
Lockwood, \V. S. (Estate).
Logie, \Vm. H
Lonsdale, John A
Loree, David L
Lougheed, M. A
Lougheed, Thomas H
Lovatt, Ralph L
Lucas, John H
Lynch, \Vm. A
Lyon, Dr. E. J
Lyon, Omar
Lyons, L. W
McAllister, J. N
McCabe, Sidney W
McCallum, John
McCann, Olaf J
McCann, Samuel
McCartney, H ,
McClain, Wm. J
McCready, C. A
MacCrimmon, M. B
McCuaig, A. N
McDonald, D. A
McDonald, D. A
McDonald, Dr. Hugh A. . ,
MacDonald, John ,
MacDonald, John A
McDonald, John H
MacDonald, Mary F
McDonald, Robert L
MacDonald, William
Macdonald, Wm. R
Macdonell, D. G. (estate).
McDougall, D. H
McDougall, L. S
MacFarlane, John P
MacFarlane, R. R
ilcGregor, Dr. A. M
McGregor, David
McGregor, Mrs. M. E
McGuire, John F
Mclntyre, Peter
McKague, Andrew
McKay, Hector
McKee, P. D
McKeller, D. M
McKenna, C. W
McKinnon, Donald
McKinnon, Donald
McLachlan, J.D
MacLachian, W. P
McLaine, G. A
McLane, F. C
McLellan, Peter F
McLeod, Cliff
McLeod , Isaac
McLeod, Joseph C
McLeod, Sidnej' A
McMahon, James
McMurchy, J.J
McNeill, John
McNeill, Neil
MacNeill, O. B
MacNevin, Wm. E
McPherson, D. H
McRae, D. F
Unity, Sask
Winnipeg, Man
Vanguard, Sask
Warner, Alta
Nanton, Alta
Outlook, Sask
Glenside, Sask
Bladwortk, Sask
Reid Hill, Alta
Cupar, Sask
Prince George, B.C..
Barons, Alta
Dundurn, Sask
Eyebrow, Sask
Cranbrook, B.C
Semans, Sask
Dubuque, Iowa
loco, B.C
Tugaske, Sask ,
Alsask, Sask
Winnipeg, Man
Drumheller, Alta. . . ,
Leth bridge, Alta
Kamsack, Sask
Winnipeg, Man
Blairmore, Alta
Tugaske, Sask
Newgate, B.C
Riverhurst, Sask
Newgate, B.C
Aneroid, Sask «
Tugaske, Sask
Govan, Sask
Vancouver, B.C
Central Butte, Sask.
Seattle, Wash
Regina, Sask
Irma, Alta
Hanley, Sask
Sibbald, Alta
Vancouver, B.C . . .
Lawndale, Alta. . . .
Reid Hill, Alta....
Chilli wack, B.C...
Femie, B.C
Vonda, Sask
Stony Plain, Alta..
Wilkie, Sask
Cupar, Sask
Tugaske, Sask
Eskbank, Sask
Summerland, B.C.
Bow Island, Alta..
Kamloops, B.C
Warner, Alta
Trail, B.C
Edgerton, Alta
Dunblane, Sask
Vancouver, B.C . . .
Glenside, Sask
Empress, Alta
Success, Sask
Pinch er City, Alta.
Glenside, Sask
Hanley, Sask
15
10
5
10
10
10
5
5
10
10
50
50
10
10
10
10
25
5
20
10
15
5
10
5
10
5
5
5
10
5
10
10
5
25
5
5
10
10
10
10
10
5
5
10
5
10
10
10
10
10
10
20
10
5
5
20
10
5
10
10
10
10
10
5
10
10
10
S cts.
1,500 00
1,000 00
500 00
1,000 00
1,000 00
1,000 00
500 00
.500 00
1,000 00
1,000 00
5,000 00
5,000 00
1,000 00
1,000 00
1,000 00
1,000 00
2,500 00
500 00
2,000 00
1,000 00
1,500 00
500 00
1,000 00
500 00
1,000 00
500 00
500 00
500 00
1,000 00
500 00
1,000 00
1,000 00
500 00
2,. 500 00
500 00
500 00
1,000 00
1,000 00
1,000 00
1,000 00
1,000 00
500 00
500 00
1,000 00
500 00
1,000 00
1.000 00
1,000 00
1,000 00
1,000 00
1,000 00
2,000 00
1,000 00
500 00
500 00
2,000 00
1,000 00
500 00
1,000 00
1,000 00
1,000 00
1,000 00
1,000 00
500 00
1,000 00
1,000 00
1,000 00
cts.
150 00
200 00
100 00
100 00
100 00
200 00
50 00
50 00
100 00
1,000 00
200 00
100 00
200 00
300 00
60 00
500 00
50 00
400 00
100 00
300 00
50 00
100 00
50 00
200 00
50 00
50 00
50 00
100 00
50 00
100 00
100 00
100 00
500 00
50 00
50 00
100 00
200 00
100 00
200 00
100 00
100 00
50 00
100 00
50 00
100 00
200 00
100 00
100 00
100 00
200 00
400 00
50 00
200 00
100 00
50 00
200 00
100 00
200 00
100 00
100 00
100 00
100 00
100 00
200 00
LIST OF SHAREHOLDERS
673
SESSIONAL PAPER No. 8
THE WESTERN LIFB— Continued
List of Shareholders — Continued
Name
Address
No. of
shares
Amount
subscribed
Amount
paid in
cash
McRae, D. A
McTavisb, Dr. W. J..
McVittie, George E. . .
Macban, George F
Mack, D. B
Madge, C. R
Madge, Mrs. Ellen. ...
Madge, Mrs. Isabel. . .
Malcolm, St. Clair
Mallett, C.F ?
Mangin, Mrs. A. L
Mann, A. \V. L
Mannen, Hope J
Margolese, Dr. Oscar.
Marleau, Alex. Jr
Martin, A. E
Martin, Chas. H
Martin, A
Mavity, A
May, A. E
Maybee, Mrs. M. S. . .
Medd, J. H
Meehan, Joseph
Megginson, Mrs. H. M
Megginson, John D
Meiklejohn, George A,
Messier, J. L. Est
Merriman, H. S
Meyer, Barry I
Mickleburgh, P
Milburn, John E
Millar, A. I
Miller, E. H .'...
Miller, E. A
Miller, Wm. N
Milligan, Wm. J
Milloy, Dr. A
Mills, George F
Milne, George
Misen&ol, Wm. L
Mitchell, Ghas. J
Mitchell, T. H
Mitchell, W. R
Moffat, Wm. J
Monkman, Dr. W. F..
Montgomery, Chas. E
Mocg. F. G
Moore, W. J
Morris, George H
Morrison, F
Morrison, H. C
Morrison, M. H. A
Morrough, J. F
Morse, Dr. D. G
Morton, John C
Mosher, ,Iohn C
Muckenhirn, J. M
Muckenhim, Wm. H..
Mueller, M. M
Munn, H. C
Murchison, Mrs. B
Murphy, Joseph
Murphy, Thomas E. . .
Murray, Hugh G
Murray, James A
8—43*
Glendale Cal
Winnipeg, Man
Holden, Alta
Crow's Nest, B.C
Bindloss, Alta
Richdale, Alta
Govan, Sask
Cereal, Alta
Warner, Alta
Tessier, Sask
Reid Hill, Alta
Winnipeg, Man
V'onda, Sask
Winnipeg, Man
Wilkie, Sask
Victoria, B.C
loco, B.C
Edmonton, Alta
Moosejaw, Sask
Nobleford , Alta
Cupar, Sask
Brocket, Alta
Provost, Alta
Warner, Alta
Punnichy, Sask
Colonsay, Sask
Calgary, Alta
Semans, Sask
Sedgewick, Alta
Pennant, Sask
Cranbrook, B.C
Riverhurst, Sa.sk
Scarf, B.C
\'ancouver, B.C
Wilkie, Sask
Semans, Sask
Warner, Alta
Wainwright, Alta
Khedive, Sask
Conquest, Sask
White Rock, B.C
Vegreville, Alta
Nanton, Alta
Simpson, Sask
Tugaske, Sask
Hatchley, Ont
Winnipeg, Man
Cowley, Alta
Dundurn, Sask
Eyebrow, Sask
Port Haney, B.C
Gleichen, Alta
Port Haney, B.C
Stavely, Alta
Wenatchu.Wash., U.S.A
Warner, Alta
Red Deer, Alta
Conquest, Sask
Canmore, Alta
Ewelme, Alta
Barons, Alta
Cupar, Sask
10
25
5
10
20
10
10
10
10
5
10
5
10
2.5
5
10
10
200
10
60
10
10
10
5
5
5
20
5
5
5
10
5
5
10
25
10
30
5
10
10
5
3
3
5
10
10
7
10
10
5
5
15
10
5
50
5
10
20
10
1
10
10
10
10
10
S cts.
1,000 00
2,500 00
500 00
1,000 00
2,000 00
1,000 00
1,000 00
1,000 00
1,000 00
500 00
1,000 00
500 00
1,000 00
2,500 00
500 00
1,000 00
1,000 00
20,000 00
1,000 00
(5,000 00
1,000 00
1,000 00
1,000 00
500 00
500 00
500 00
2,000 00
500 00
500 00
500 00
1,000 00
500 00
500 00
1,000 00
2,500 00
1,000 00
3,000 00
500 00
1,000 00
1,000 00
500 00
300 00
300 00
500 00
1,000 00
1,000 00
700 00
1,000 00
1,000 00
500 00
500 00
1,500 00
1,000 00
500 00
5,000 00
500 00
1,000 00
2,000 00
1,000 00
100 00
1,000 00
1,000 00
1,000 00
1,000 00
1,000 00
cts.
100 00
500 00
50 00
100 00
200 00
100 00
100 00
100 00
100 00
50 00
500 00
100 00
100 00
100 00
4,000 00
100 00
1,200 00
200 00
100 00
100 00
50 00
50 00
50 00
200 00
50 00
100 00
50 00
100 00
100 00
100 00
250 00
200 00
500 00
50 00
200 00
100 00
50 00
30 00
30 00
50 00
100 00
100 00
70 00
200 00
100 00
100 00
50 00
150 00
100 00
100 00
500 00
100 00
100 00
200 00
100 00
10 00
100 00
100 00
100 00
100 00
100 00
674
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
THE WESTERN LITE— Con linued
List of Shareholders — Continued
Name
Murray, R. R
Myers, Joseph
Neely, John A
Neil, James
Neild, Chas. W
Nelson, Dr. Chas. H
Nelson, Chas. O
Nelson, Jens P
Nelson, Wm. J
Newell, E
Newkirk, Wm. H
Ney, Wm. R.J
Nichols, M . W'
Nicholson, F. L
Nicoll, Wm. J
Nordbye, Dr. F. A
Nordlund, A.J
Norris, J. W
Norton, Paul
Novaria, S. J
O'Brien, T.J
O'Donnell, D.J
O'Donnell, J. C
Olia, S. E
Oliver, D. A
Olmstead, J. J
O'Neill, M.J
Opel, L.W
Ormiston, James
Ostlund, Albin
Owens, G. E., Jr
Packard, W.B
Palmer, E. H
Palmer, Mrs. F. M
Palmer, H. T
Park, John
Parker, Geo. W
Parrish, A. S
Parry, A. L.W
Parsons, R. D
Patching, J. A
Patterson, G. W
Paterson, Mrs. M. M ,
Patterson, N.J
Patton, John
Peacock, G. W
Penrose, C. G
Peru, A. L
Peters, Mrs. C
Peters, G. G
Peters, Henry
Petrie, F. C
Petroni, John
Pettman, C. E
Pettman, G. E
Pfefferle, Mrs. H. J
Pfefferle, Leo
Phillips, Oswald
Pickett, H. D
Pinder, Ruth
Playle, William
Pook, R. H
Postlethwaite, George H
Powell, D.I
Prowd, Dr. C. W
Prowd, E. B
Quine, Wm. F
Address
New Dayton, Alta
Kirkcaldy, Alta
Killam, Alta
Burdett, Alta
Strassburg, Sask
Vulcan, Alta
Yahk, B.C
Standard, Alta
Chater, Man
Hanley, Sask
Vancouver, B.C
Bashaw, Alta
Winnipeg, Man
Gleichen, Alta
Macleod, Alta
Camrose, Alta
Stavely, Alta
Eyebrow, Sask
Gleichen, Alta
Bellevue, Alta
Raymond, Alta
Unity, Sask
Norwood , Man
Warner, Alta
Drumheller, Alta
Saskatoon, Sask
Winnifred, Alta
High River, Alta
Cupar, Sask
Wrentham, Alta
Conquest, Sask
Kenaston, Sask
Blad worth, Sask
Elfros, Sask
Montreal, Que
loco, B.C
Red Willow, Alta
Woodrow, Sask
Calgary, Alta
Regina, Sask
Central Butte, Sask. . .
Quimper, Sask
TiUseland , Sask
Nobleford, Alta
Vancouver, B.C
Hawarden, Sask
Winnipeg, Man
Blaine, Wash., U.S.A.
Kenex, Alta
Empress, Alta
Dundurn, Sask
loco, B.C
Rossland, B.C
Hawarden, Sask
Vulcan, Alta
Calgary, Alta
Smoky River, Alta.
Moosejaw, Sask
Bladworth, Sask
Wardner, B.C
Wilkie, Sask
Lenity, Sask
Goddard, Alta
Vancouver, B.C
Nelson, B.C
Manna, Sask
No. of
shares
Amount
subscribed
S cts.
10
1,000 00
10
1,000 00
15
1,.500 00
20
2,000 00
5
500 00
5
500 00
10
1,000 00
10
1,000 00
5
, 500 00
20
2,000 00
10
1,000 00
10
1,000 00
20
2,000 00
5
500 00
5
500 00
10
1,000 00
20
2,000 00
10
1,000 00
20
2,000 00
0
500 00
10
1,000 00
5
500 00
10
1,000 00
10
1,000 00
5
500 00
5
500 00
5
500 00
50
5,000 00
5
500 00
10
1,000 00
5
500 00
10
1,000 00
10
1,000 00
10
1,000 00
5
500 00
15
1,500 00
5
500 00
10
1,000 00
20
2,000 00
5
500 00
10
1,000 00
10
1 , 000 00
20
2,000 00
20
2,000 00
10
1,000 00
15
1 , 500 00
1
100 00
5
500 00
5
500 00
5
500 00
10
1,000 00
5
500 00
10
1,000 00
10
1,000 00
10
1,000 00
20
2,000 00
20
2,000 00
5
500 00
10
1,000 00
10
1,000 00
5
500 00
5
500 00
5
500 00
10
1,000 00
100
10,000 00
10
1,000 00
5
500 00
LIST OF SHAREHOLDERS
675
SESSIONAL PAPER No. 8
THE WESTERN LIFE— Continued
List of Shareholders — Continued
Name
Address
No. of
Amount
Amount
shares
subscribed
paid in
cash
$ cts.
$ cts.
10
1,000 00
100 00
10
1,000 00
100 00
10
1,000 00
100 00
10
1,000 00
200 00
10
1,000 00
100 00
30
3,000 00
600 00
10
1,000 00
200 00
10
1,000 00
100 00
3
300 00
60 00
3
300 00
CO 00
50
5,000 00
1,000 00
5
500 00
100 00
15
1,500 00
300 00
5
500 00
2,000 00
20
200 00
10
1,000 00
100 00
10
1,000 00
100 00
20
2,000 00
200 00
1
100 00
10 00
5
500 00
100 00
5
500 00
50 00
5
500 00
50 00
10
1,000 00
200 00
10
1,000 00
100 00
5
500 00
50 00
5
500 00
50 00
50
5,000 00
1,000 00
5
500 00
100 00
10
1,000 00
200 00
5
500 00
100 00
5
500 00
50 00
20
2,000 00
200 00
5
500 00
50 00
5
500 00
100 00
20
2,000 00
400 00
10
1,000 00
100 00
20
2,000 00
200 00
5
500 00
50 00
5
500 00
50 00
10
1,000 00
100 00
10
1,000 00
100 00
15
1,500 00
150 00
20
2,000 00
400 00
5
500 00
50 00
10
1,000 00
100 00
10
1,000 00
200 (X)
10
1,000 00
200 00
5
500 00
100 OO
10
1,000 00
200 00
30
3,000 00
600 00
10
1,000 00
1,500 00
15
150 00
10
1,000 00
100 00
10
1,000 00
200 00
10
1,000 00
100 00
10
1,000 00
100 00
5
500 00
50 00
10
1,000 00
100 00
10
1,000 00
200 00
10
1,000 00
100 00
10
1,000 00
100 00
10
1,000 00
100 00
10
1,000 00
100 00
5
500 00
50 00
10
1,000 00
200 00
20
2,000 00
400 00
Quinn, Robert
Rains, Roy V
Ramsay, John A
Rattray, John W
Raymond, Joseph A
Reid, Adam
Reid, David A
Reid, James W
Reid, John
Reid. Mrs. M.E
Reid, Dr. T.J
Reith, Thomas F
Reynolds, \Vm. J
Rheault, J. W
Richards, E. O
Richards, Mrs. Mary M
Riddell, Charles
Riggs, Dr. R. M
Riley, J. M
Roberts, Jo.seph
Robertson, Joseph H . . .
Rogers, Charles A
Rogers, John S
Rogers, Thomas
Rogers, Thomasine
Rolfe. Allan D
Rorke, Dr. R. F
Rosenblat, Charles D..
Rosenblat, Nathan
Rosenblat, Mrs. S. C. . .
Ross, George
Ross, J. Howard
Ross, Thomas W
Ross, Walter G
Rounds, R. M
Rourke, Joseph H
Roy, Leger
Rule, Ray
Sabins, Arthur W
Sadlier, James L
Saunders, Charles O
Saunders, Elbert E
Shefter, Alfred F
Scheldrup, R.I
Schmidt, John A
Seaman, E. M
Seaman, R. E
Shouse, Lee O
Schull, Harold J
Sch wager, Paul G
Schwartz, Juanita V. . . .
Scott, Dr. A. G
Scott, William
Scully, John G
Secrest, Wm. P
Selby , Henry D
Serra, James
Seymour, H. B
Shaefer, N. W
Shaffer, E.J.
Shannon, D. G
Shantz, I3urt6n S
Sheldon, Fred W
Shepherd, Henry
Shetler, A. P
Shirkie, Thomas A
Cranbrook, B.C
Warner, Alta
Gleichen, Alta
Killam, Alta
London, Ont
Winnipeg, Man
Cymric, Sask
Bow Island, Alta. .
Winnipeg, Man
Minneapolis, Minn. ,
Winnipeg, Man
loco, B.C
Harris, Sask
Parkland, Alta
Canmore, Alta
Jenner, Alta
Calgary, Alta
Minneapolis, Minn.
Blaine Lake, Sask.
Hanley, Sask
Edgerton, Alta
Winnipeg, Man
Sirdar, B.C
Nanainio, B.C
Bow Island, Alta. .
Winnipeg, Man
Elko, B.C.....!!'!
Verwood, Sask
Port Moody, B.C..
Fort Sask, Alta
Estuary, Sask
Holar, Sask
Chauvin, Alta
Daysland, Alta
W'oodrow, Sask
Trochu, Alta
Okotoks, Alta
Kathryn, Alta
Calgary, Alta
Regina, Sask
Tugaske, Sask
Lougheed, Alta. . . .
Moosejaw, Sask
Dundurn, Sask
Alsask, Sask
Bassano, Alta
New Dayton, Alta
Semans, Sask
Fairview, B.C
Milk River, Alta. .
Banff, Alta
Strathmore, Alta. .
Eskbank, Sask
New Dayton, Alta
Sibbald, Alta
Alsask, Sask
Brant, Alta
Biggar, Sask
Semans, Sask
Battrum, Sask
676
DEPARTMEST OF INSURANCE
11 GEORGE V, A. 1921
THE ^^■ESTERN LIFE— Continued
List of Shareholders— Continued
Name
Showell, Alfred W..
Shra^e, Bernard...
Shultz, Warren E...
Simons, William O .
Simpson, \Yallace S.
Singleton, William..
Sinnott. Edward E.
Pirdevan, Jas. E —
Skagen, T. E
Slater, T.J
Smart, .John E
Smith, A. R
Smith, J. J
Smith, D. A
Smith, E.B
Smith, F. E
Smith, George
Smith, .John A
Smith, T..C
Smith, N.B .^..
Smith, Mrs. S.E..
Smith, William....
Smith, W.S.
Address
North Battleford, Sask
Winnipeg, Man
Brant, Alta
Sedgewick, Alta
Warner, Alta
Winnipeg, Man
Pincher Creek, Alta. . . .
loco, li.C
Killam, Alta
Tugaske, Sask
Victoria, B.C. .•
Evebrow, Sask
No. of
shares
Vancouver, B.C.
Granum, Alta
Flagstone, B.C —
Sedgewick, Alta. .
Vulcan, Alta
Kansas City, Mo.
Hollywood, Cal..
Vulcan, Alta
Calgary, Alta
Esterhazj-, Sask. .
Lomond, Alta.
Sokvitne, Nels^ Nor^s-ood, Man
Spearman, T . W Cranbrook, B.C....
Speers, U- J ■ v," V. Swift Current, Sask.
Speller, Mrs. E.P.
Sp)ooner, A. G. . .
Squires, John A.
Starr, V. E
Steele, C.J
Steenson, L. G. .
Steinbart, F. H.
Stenger, Max
Stepan, M. J
Stevenson, P.O.
Stewart, David.
Stewart, E.G.. .
Stewart, L. C...
Stinson, J. S
Stokes, G.T.C.
ulcan, Alta
Tessier, Sask
Alderston, Alta. . .
Holdfast, Sask. . .
Semans, Sask
Portland, Ore
Viking, Alta
Travers, Alta
Colonsay, Sask. .
Glenside, Sask...
Central B., Sask.
Winnipeg, Man...
Bassano, Alta —
Humboldt, Sask.
Cranbrook, B.C.
Storm, Edian • • • • • ^j.j^ j^^^^^^^ ^Ita
Central Butte, Sask.
Sceptre, Sask
Vonda, Sask
Estuar>', Sask
Rose Lynn, Alta —
Empress, Alta
Vegreville, Alta
. Lomond, Alta.
Stover, C. C
Straith, Dr. P. L
Strath, D.M....^....---
Straughan & McWiUiams
Street, R. H
Strong, Nellie ^^
Sutherland, D. S
Svarich, Andrew i,uiiiuuu
Swain, Mrs C L • • j ^ealandia, Sask
Swetman A. N ... Cereal, Alta
Tait, \%. G... ••••••■••
Taylor, Alexander (estate;
Taylor, Dr. G. W
Taylor, James B
Taylor, Robert V Vf,' " "l
Templeton, Jane & Wm. (Royal Trust
Company)
Teneycke, W. C
Thacker, Edward
Thode, Charles H. . . ^
Thompson, Charles U
Thompson, F. H
Thompson, George
Edmonton, Alta
Alsask, Sask
Pincher Greek, Alta.
Vanguard, Sask
Thornton. JohnJD
Thrall, Henry
Winnipeg, Man...
Young, Sask
Burdett, Alta. . . .
Saskatoon, Sask.
Simpson, Sask. . .
Lomond, Alta...
loco, B.C
.\bbey, Sask.
Amount
subscribed
p ■ ■ ■ ■ ■ ' '. '. ' ' "'.'.... Quill Lake, Sask
10
50
10
10
10
10
20
5
5
20
10
5
5
10
50
10
-5
10
5
10
20
10
10
10
40
10
5
10
15
5
5
5
10
10
5
5
5
10
5
10
15
10
10
5
25
5
10
5
5
10
5
10
20
10
20
10
5
4
20
10
30
10
5
10
10
5
$ cts.
1,000 00
5,000 00
1,000 00
1,000 00
1,000 00
1,000 00
2,000 00
.500 00
500 00
2,000 00
1,000 00
500 00
500 00
1,000 00
5,000 00
1,000 00
500 00
1,000 00
500 00
1,000 00
2,000 00
1,000 00
1,000 00
1,000 00
4,000 00
1,000 00
500 00
1,000 00
1,500 00
500 00
500 00
500 00
1,000 00
1,000 00
500 00
500 00
500 00
1,000 00
500 00
1,000 00
1,.500 00
1,000 00
1,000 00
500 00
2,500 00
500 00
1,000 00
500 00
500 00
1,000 00
500 00
1,000 00
2,000 00
1,000 00
2,000 00
1,000 00
500 00
400 00
2,000 00
1,000 00
3,000 00
1,000 00
500 00
1,000 00
1,000 00
500 00
Amount
paid in
cash
$ cts.
100 00
1,000 00
100 00
100 00
100 00
200 00
200 00
50 00
50 00
400 00
200 00
100 00
100 00
200 00
.500 00
100 00
50 00
100 00
100 00
200 00
200 00
100 00
100 00
100 00
800 00
100 00
100 00
100 00
150 00
50 00
50 00
100 00
100 00
100 00
50 00
100 00
100 00
100 00
100 00
100 00
300 00
100 00
100 00
.50 00
100 00
50 00
50 00
100 00
50 00
100 00
200 00
200 00
200 00
100 00
100 00
80 00
400 00
200 00
300 00
100 00
50 00
200 00
200 00
100 00
LIST OF SHAREHOLDERS
677
SESSIONAL PAPER No. 8
THE WESTERN LIFFr-Conhnued.
List of Shareholders — Continued.
Naaie.
Address.
No. of
shares.
Amount
subscribed .
Amount
paid in
cash.
Thrift, Henry T
Tighe, .James T
Tod, Mrs. M. O'B
Todd, Arthur L
Torguson, Mrs. B
Torguson, I.J
Torguson, J
Torguson, T., jr
Tosh, Lesh"e
Traviss, Thomas H
Tripp, Dr. A.J
Truman, George C
Turcott, Dolphis
Turnbull, Dr. H. L
Turner, George A
Turner, Harry P
Turner, James D
Twidale, Robert E
Ulian , Henry
Urquhart, Alexander
Urquhart, John K
Vagt, Hugh
Valentine, H. M. (estate)
Vandergrif t, James W
Van Sickle, G. C
Vikse, A. & M
Vincent, P. J
Waite, Mrs. P. I
Walker, T.W. H
Walkey, L. W
Walmsley, A. C
Walmsley, J. H
Walrod, W. B
Walsh, Mrs. Mary E
Walsh, Patrick
Walsh, William J
Wannop, Arthur
Ward, John
Ward, Robert
Ward, S. T
Washburne, C. S
Wasson, James H
Waugh, John A
Waugh, Dr. T. F
Weaver, Dr. H. D
Webster, E.C
Weir, R. E
Weir, R. N
Welch, G. A
Weppler, Gustave
Western Trust Co. (exec, for Hennan
estate)
Westphal, M. J
Whitley, Joseph
Whitney, A.J
Whitteker, Dr. W. C
Whittle. H. T
Whyte, Frank H
Wiest, Worth
Wilderman, Wm. H
Williams, Arthur R
Williams, Thos .B
Williams, Thos. M
Williamson, J. H
Willox, James
Wilson, C. W
Wilson, R
White Rock, B.C...
Winnipeg, Man
Grand Prairie, Alta.
Monitor, Alta
Hanley, Sask
Dundurn, Sask
Pineher Creek, Alta.
Govan, Sask
Simpson, Sask
Winnipeg, Man
Biggar, Sask
Vancouver, B.C
Tugaske, Sask
Biggar, Sask
Central Butte, Sask.
Conquest, Sask
Fishburn, Alta
Courtenay , B.C ,
Strome, Alta
Pennant, Sask...
Ponteix, Sask.. .
Alsask, Sask
Donalda, Alta. .
Vanguard, Sask.
Edgerton, Alta..
Tod Inlet, B.C..
Lomond, Alta...
Lougheed. Alta.
Munson, Alta
Winnipeg, Man
Dome Creek, B.C.
Winnipeg, Man
Parkland, Alta
Vancouver, B.C
Cupar, Sask
Eyremore, Alta
Elbow, Sask
Imperial, Sask
Saskatoon, Sask. . .
Stavely, Alta
Grassy Lake, Alta.
Chatham, Ont
Okotoks, Alta
Vanguard, Sask
Regina, Sask
Cereal, Alta
Simpson, Sask.. .
Kipp, Alta
Vancouver, B.C.
Hanley, Sask
Leader, Sask
Travers, Alta. . . .
Blackie, Alta....
Bellevue, Alta. . .
Edmonton, Alta.
Warner, Alta
Lemond, Alta —
Tugaske, Sask.. .
Lafleche, Sask...
Tugaske, Sask.. .
3
5
10
10
30
10
10
10
5
10
5
3
,5
2
10
5
10
5
5
10
10
10
30
10
10
10
20
5
10
5
50
50
5
5
5
5
25
2
15
10
10
5
10
10
25
10
5
5
10
10
10
10
10
5
20
10
20
15
20
5
10
10
10
5
10
10
$ cts.
300 00
500 00
1,000 00
1,000 00
3,000 00
1,000 00
1,000 00
1,000 00
500 00
1,000 00
500 00
300 00
500 00
200 00
1,000 00
500 00
1,000 00
500 00
500 00
1,000 00
1,000 00
1,000 00
3,000 00
1,000 00
1,000 00
1,000 00
2,000 00
500 00
1,000 00
500 00
5,000 00
5,000 00
500 00
500 00
500 00
500 00
2,500 00
200 00
1,500 00
1,000 00
1,000 00
500 00
1,000 00
1,000 00
2,. 500 00
1,000 00
500 00
500 00
1,000 00
1,000 00
1,000 00
1,000 00
1,000 00
500 00
2,000 00
1,000 00
2,000 00
1,500 00
2,000 00
500 00
1,000 00
1,000 00
1,000 00
500 00
1,000 00
1,000 00
cts.
30 00
50 00
100 00
100 00
eoo 00
200 00
200 00
£00 00
50 00
50 00
30 00
50 00
40 00
100 00
50 00
100 00
50 00
50 00
100 00
100 00
100 00
600 00
100 00
200 00
400 00
50 00
100 00
50 00
500 00
1,000 00
50 00
100 00
50 00
100 00
250 00
40 00
150 00
100 00
100 00
50 00
100 00
100 00
500 OO
100 OO
50 00-
50 00'
100 0C»
100 00
100 00
200 00
50 00
400 00
200 00
400 00
150 00
200 00
50 00
100 00
100 00
100 00
50 00
100 00
100 00
8—44*
678
DEPARTMENT OF INSURANCE
THE WESTERN LIFE— Conduced.
List of Shareholders — Concluded.
11 GEORGE V, A. 1921
Name.
Address.
No. of
shares.
Amount
subscribed.
Amount
paid in
cash.
Wilaon, W. E
Winton, H. J
Withers, Alfred
Wolfe, F. W
Wolfe, Mrs. Mae M...
Wood, E. G
Wood, Leonard
Wood, Owen J
Wood, Percy E
Woodley, H. W
W orld, Mrs. Clara J... .
World, Wm
Worthington, Geo. E...
Worthington, James
Worthington, Dr. R. A
Wright, .John W
Wright, Thos. E
Wright^, Wm. A
Wuebbenherst, Alvina.
Wuebbenherst, M. A...
Wyness, Alex
Yates, D. R
York. R. J
York, Dr. W.O
Young, A. D
Young, Wm
Leader, Sask ,
Go van, Sask
Vancouver, B.C..
Wainwright, Alta
Drumheller, Alta
Leader, Sask
Alderson, Alta.. . ,
Rosetown, Sask..
Aneroid, Sask
Bindloss, Alta
Perdue, Sask
Caninore, Alta
Winnipeg, Man.. .
Strathmore, Alta
Vancouver, B.C..
Halladay, Alta . .
Vancouver, B.C..
Lethbridge, Alta.
Killam, Alta
Provost, Alta
Cymric, Sask
Cranbrook, B.C..
•S cts.
10
1 , 000 00
20
2,000 00
30
.3,000 00
10
1,000 00
10
1,000 00
10
1,000 00
20
2,000 00
5
.500 00
10
1 , 000 00
10
1,000 00
10
1,000 00
10
1,000 00
5
500 00
10
1,000 00
10
1,000 00
10
1,000 00
10
1,000 00
5
500 00
10
1 , 000 00
10
1,000 00
5
500 00
10
1,000 00
5
500 00
5
500 00
10
1,000 00
10
1,000 00
9.748
$ 974,800
$ cts.
200 00
200 00
300 00
100 00
100 00
100 00
400 00
50 00
100 00
100 00
100 00
100 00
50 00
100 00
100 00
200 00
100 00
50 00
100 00
100 00
100 00
100 00
50 00
50 00
200 00
100 00
S 128,232
11 GEORGE V SESSIONAL PAPER No. 8 A 1921
APPENDIX B.
GENERAL STATEMENTS OF BRITISH COMPANIES
FOR
THE YEAR ENDING DECEMBER 31, 1920
(Received oj'ler copy for Canadian Statements had been sent to the Printer)
679
680
DEPARTMENT OF INSURANCE
o
O
<
-d X^^Z^n*^ '"'^ — Moo-H
to m ;£ t^ o 00
O 00 <M rt 500000-*! O
"^ H
K 1^ r •
m
o
o
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a
•V
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pj< =.s; s = =2
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CO
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13
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to
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c S o -ti
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11 GEORGE V, A. 1921
■ -H t^
03 —.
■ c
C *; M O _
^ O
- - M
c •- c
GENERAL BUSINES'S STATEMENTS
681
SESSIONAL PAPER No. 8
JOO.— t-^^^COCOr-OO OCO^COOi-^OO C^OI-^O^hOiOOO C<I00C0i003C0O
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c3 _ _ _ >) C >) >>I2
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<^ O^ 3^
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c .S -S o.S " c*
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T3X)
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CIS
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(1) 03
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682
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
Statkment of Assessment for the Year Ending March 31, 1920
made in accordance with "The Insurance Act, 1917" on Life Insurance Premiums of Companies, etc.
transacting Life Insurance.
Companies, etc.
-Etna
Alliance Nationale
Ancient Order of Foresters
Artisans
Canada
Capital
Catholic Mutual Benefit Assn. . . .
Coin incicial
Coiuinciciiil Travellers
( 'oin iiiorcial L^nion
Confederation
Continental
Crown
Dominion
Equitable
Excelsior
Great West
Gresham
Guardian
Imperial
Independent Order of Foresters. .
Liverpool and London and Globe
London and Scottish
London
Manufacturers
Metropolitan
Monarch
Mutual of Canada
Mutual and Citizens'
Mutual of New York
National of Canada
New York
North American
North British and Mercantile. . . .
Taxes.
i cts.
682 54
307 56
50 95
330 71
399 44
116 16
190 83
6 23
29 33
12 48
125 87
347 36
487 62
782 96
862 63
728 53
334 07
116 15
7 74
892 33
816 49
1 86
355 21
867 43
134 00
514 12
378 00
110 98
79 24
101 99
527 13
419 15
759 51
40 55
Companies, etc.
Northern
Norwich Union ^i
Phoenix of London
Provident Savings
Prudential
Roj'al Guardians
Royal
Saskatchewan
Sauvegarde
Security
Sovereign
Standard
Star
State
Sun
Travelers of Hartford
Travellers of Canada
Union Mutual
United States
Western
Woodmen of the World
Retired Companies
Connecticut Mutual
Edinburgh
Life As.sociation of Scotland.
National of United States. . .
Northwestern Mutual
Phoenix Mutual
Scottish Amicable
Scottish Provident
Total
Taxes.
398 67
3 03
148 59
22 75
325 17
68 74
269 CO
78 64
175 06
49 83
255 32
425 20
3 46
37 68
1.37 36
620 21
182 03
191 88
20 17
67 30
105 46
15 .38
18
3 13
0 09
1 25
13 16
0 48
0 14
$ 51,536 51
11 GEORGE V
SESSIONAL PAPER No. 8
A. 1921
INDEX
OF STATEMENTS.
VOLUME 11.
Companies, etc.
^tna
Alliance Nationale
Ancient Order of Foresters
Artisans
Association Canado-Americaine
Canada
Capital
Catholic Mutual Benefit Assn
Catholic Order of Foresters
Commercial
Commercial Travellers
Commercial Union
Confederation
Connecticut Mutual
Continental
Crown
Dominion
Eaton
Edinburgh
Equitable
Excelsior '
Great-West
Gresham
Guardian
Imperial
Independent Order of Foresters
Jewish National Workers' Alliance
Knights of ('ohimbus
Knights of Pythias
Ladies' Catholic Benevolent Assn
Life Association of Scotland
Liverpool and London and Globe
London and Scottish
London
Maccabees
Manufacturers
Metropolitan
Monarch
Mutual of Canada ,
Mutual and Citizens'
Mutual of New York
National of Canada
National of LTnited States
New York
North American
North British and Mercantile
Northern
Northwestern Mutual
Norwich Union
PhcEnix of London
Phoenix Mutual
Provident Savings
Prudential .*
Royal Arcanum
Royal Guardians
Royal
Saskatchewan
Sauvegarde
683
Annual
Statement.
4
454
460
467
475
13
32
482
487
38
491
42
50
60
68
76
86
90
99
100
110
119
1.32
137
143
495
501
508
513
517
156
158
160
172
521
186
202
213
220
234
240
248
260
261
271
285
294
304
306
308
316
318
321
528
534
332
340
345
General
Business
Statement.
List of
Directors and
Shareholders.
11
478
45
108
680
141
505
510
515
518
169
524'
'21L
238
246
268
'290'
313
330
530
337
562
565
582
584
588
592
594
595
597
GDI
602
603
605
613
614
616
'6i7'
622
631
684
DEPARTMENT OF INSURANCE
INDEX— Concluded.
11 GEORGE V, A. 1921
Companies, etc.
Annual
Statement.
General
Business
Statement.
List of
Directors and
Shareholders .
Scottish Amicable
352
354
356
361
368
380
383
389
420
429
435
442
448
540
543
551
557
Scottish Provident
Security
643
Sovereign
651
Standard
378
Star
State
387
Sun
659
Travelers of Hartford
427
Travellers of Canada
662
Union Mutual
440
446
United States
Western
665
Western Mutual Life Assn
541
546
Woman's Benefit Assn. of the Maccabees
Woodmen of the World
Workmen's Circle
559
11 GEORGE V SESSIONAL PAPER No. 9 A. 1921
ABSTRACT OF STATEMENTS
OF
INSURANCE COMPANIES IN
CANADA
FOR THE YEAR ENDED DECEMBER 31
1920
(For Index See End of Volume;
(SUBJECT TO CORRECTIONS)
PRINTED BY ORDER OF PARLIAMENT
OTTAWA
THOMAS MULVEY
PRINTEIR TO THE KING'S MOST BXCELJ:.ENT MAJESTY
1921 ^
[No. 9—19201
9—1
11 GEORGE V
SESSIONAL PAPER No. 9
A. 1921
Ottawa, April 1, 1921.
To the Honourable Sir Henky Drayton,
Minister of Finance,
Ottawa.
Sir. — I have the honour to submit herewith an abstract of the business of insurance in
Canada for the year 1920. The abstract has been made from the attested statements returned
by the companies but must be considered as subject to correction.
1 shall have the honour to report to you at a subsequent date these statements in full
after the usual inspections at the head offices have been made.
The year 1920 saw, in practically all lines of insurance, a continuance of the remarkable
increase in volume which characterized the year 1919. The experience in the various classes
although differing materially, was on the whole favourable to the companies.
Fire Insurance.
The outstanding feature of the fire insurance business was the unprecedented increase in
the volume of premiums received. In 1919 fire premiums received amounted to $40,031,474
while in 1920 this figure was increased to $50,565,856 an increase of 26-31 per cent. This in-
crease is probably, in part at least due to the continued increase in replacement values and the
better recognition on the part of the public of the resultant need of increased insurance. There
were however indications before the end of the year that the rapid increase of premiums had
■ subsided and it is probable that the increase for the current year will be much less than for the
year 1920.
The ratio of losses paid to premiums received, 'while slightly greater than for the preceding
year was highh' favourable, being 43 .40 per cent, compared with 41-67 per cent, in 1919, 48-22
per cent, for the last five years and 56-96 per cent, for the last fiftj'-two years. The following
schedule shows the distribution of premiums and losses among the different classes of companies : —
Net
Premiums
received
Net
Losses
paid
Ratio losses
paid to
premiums
received
The same
1919
The same
1918
Canadian Companies
British Companies
Foreign Companies
t
7,992,418
25,325,678
17,247,760
$
3,206,439
10,954,885
7,783,790
0/
/c
40- 12
43-26
45- 13
%
42-65
41-16
41-97
%
49-23
53- 10
57-22
AJl Companies
50,565,856
21,945,114
43-40
41-67
53-84
All Companies, 1919
40,031,474
16,679.355
If, instead of the cash received for premiums and paid for losses we take account of the
premiums written and losses incurred and also of the increase in the unearned premium reserve
we have the following: —
Premiums
earned
Losses
incurred
Ratio losses
incurred to
premiums
earned
The same
1919
The same
1918
Canadian Companies
British Companies
Foreign Companies
$
6,932,411
22,539,960
15,366,133
$
3,287,170
11,261,279
8,383,080
%
47-42
49-96
54-56
%
45-80
44-39
43-58
%
50-01
53-23
- 57-23
44,838,504
22,931,529
51-14
44-40
54-05
All Companies, 1919
37,832,714
16,774,994
9— li
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
The ratios experienced in one-year business and in the longer term business are separated
as follows: —
Ratio of losses incurred
per cent of premiums
earned
^''7^''" Another
The same 1919
One Year or
less
All other
The same 191S
One Year
or less
All other
Canadian Companies
British Companies
Foreign Companies
All Companies
%
48-85
50-40
56-29
%
50-26
48-89
50-67
%
47-11
44-66
43-96
%
45-11
42-88
42-38
%
55- 15
54-80
57-70
51-49
49-65
44-72
43-35
55-85
%
44-29
48-73
54-94
49 OS
The rate of premiums charged per cent of risks taken is shown in the following table and
the record for the last seven years is also shown.
1920
1919
1918
1917
1916
1915
1914
%
Canadian Companies 1-04
British Companies 1-06
Foreign Companies 1-04
All Companies 1-05
%
1-12
106
1-02
106
%
1-09
1-07
103
%
1-14
108
1-03
%
1-19
108
1-04
106
1-07
109
%
1-25
1-17
1-08
1-16
%
1-24
1-19
1-09
1-17
Separating the one-year and longer term business the following rates are shown;-
Rate of Premiums
charged per cent
of risks taken
The same 1919
The same 1918
One Year or
less
All other
One Year or
less
All others
One Year or
less
All other
Canadian Companies
British Companies ■ .
%
•98
103
101
%
l-'2
117
1-20
%
1-06
1-03
•98
% '
1-26
1-18
1-23
/o
104
104
100
%
1-22
115
121
1-01
1-19
1-02
1-21
102 1-19
The table of premiums written and losses incurred by Provinces shows as usual a wide
difference between the loss ratio experienced in different parts of the countr>- as follows : —
P^o^'iDce
1920
Ratio
1919
Ratio
1918
Ratio
1917
Ratio
1916
Ratio
1916—1920
Inclusive
Premiums
written
Losses
Incurred
Ratio
Alberta
$
3,983,076
5,470,568
4,235,484
2,812,096
2,958,370
18,187,380
238,610
12,460,374
4,346,405
6,938
76.731
$
1,374,450
1,655,671
1,735,975
1,862,803
2,061,658
6,999,277
84,291
7,098,162
1,786,016
■5,283
57,294
%
3451
30^27
4099
66^24
69,69
38^48
35-33
66-97
4109
76^15
%
34-60
29-84
25-25
52-48
50-32
40-89
46^87
5054
39^23
%
44-64
29^79
62^38
42^89
28-40
59-47
20-55
52-69
48-74
5-86
%
32-87
25-40
59-15
59-54
69-29
62-77
48-52
60-98
44-44
5-26
%
47-90
4500
52^09
60 50
50-16
77-46
210-13
49-18
39-72
38°11
31-37
46-52
57-15
55-36
52-86
P.E.I
60-21)
54-27
42-53
Yukon
24-12
Floater Business (undivided)...
Totals
54,776,032
24,720,880
45-13
41 10
50-76
55-62
58-78
48-91
The favourable experience of the year must again, as in 1919, be largely attributed to the
favourable moral hazard which prcvaikd due to the high cost of replacement of property. This
is particularly true in the case of buildings as distinguished from contents. The feeling prevails
at the present time that building costs will dechne during the present year and that there will
be a further decline in the values of stocks. The combination of these conditions wiU produce a
hazard which has always been unfavouiable to insurance companies, and it will be of interest to
ABSTRACT OF STATEMENTS 5
SESSIONAL PAPER No. 9
note whether the improvement in construction and the attention being paid to fire prevention
work will be sufficient to counteract these unfavourable conditions.
One feature of the business of the year deserving of special mention is the increase in the
number of licensed companies operating on the mutual or reciprocal plan. In 1917 the Insurance
Act was amended to mate it clear that licenses could be granted under the Act to persons associated
for the purpose of reciprocal insurance, and since that time licenses have been issued to three
reciprocal exchanges specializing in the insurance of lumber. There have also been licensed
during the year 1920, three mutual companies from the United States specializing in the insurance
of retail hardware stores. Another mutual company transacting general business has also during
the year received a license for business throughout Canada, its license theretofore being confined
to the Province of British Columbia.
These companies are making themselves felt as competitive factors in the fire insurance
business. Their plan of operation is, as a rule, fundamentally different from that of the stock
msurance companies for the reason that in the event of profits being realized on the year's business
a distribution of a portion thereof is made to the poUcyholders. On the other hand, should
extensive losses occur, the policyholders are Hable to be called upon to contribute to make up
the shortage. This system of insurance carries an undoubted appeal to many property owners
who are walling to take the risk of being obliged to contribute in the event of extensive losses
for the sake of being guaranteed insurance at cost in the meantime. On the other hand, persons
who desire complete indemnity regardless of the experience of the companj- will be attracted
to the ordinary system of insurance. It is to be expected that the influence of the mutual com-
panies will become more and more felt so long as the present favourable experience in the fire
insurance business continues.
Life Insurance.
During the year 1920 the life insurance companies may be said to have resumed normal
experience so far as death claims are concerned, the effect of the war and of the influenza having
practically disappeared with the year 1919. The volume of business written, however, continued
to increase during the year 1920, the gross amoimt of business written and paid for in cash being
$641,778,095, compared with $524,543,629 in 1919 and $313,251,556 in 1918. Of this increase
a considerable amount is due to the growth in group insurance which was authorized in Canada
in the year 1919. During that year the amount written was comparatively small but during
the year 1920 the net amount in force reached the total of $76,925,486.
The death claims paid during the year amounted to $22,144,771 compared with $24,579,197
in 1919.
The total amount of business lapsed and surrendered during the year was $169,804,956
or 26% of the new business written. The corresponding figures for 1919 were $122,325,141
and 23-32% respectively.
The total net amount of business in force in Canada at the end of 1920 was $2,657,037,219
an increase of $469,199,902 over the net amount in force at the end of 1919.
Casualty Insurance.
The figures for all classes of casualty insurance for the year are as follows: —
Premiums
received
Losses
paid
Accident
Combined Accident and Sickness
Automobile (A)
Automobile (B;. ....
Burglary
Liability
Explo.sion
Forgery
Guarantee
Hail
Inland Transportation
Live Stock , .
Plate Glass '......
Sickness
Sprinkler Leakage
Steam Boiler
Title
Tornado
Totals
2,. 340, 732
1,073,158
2,. 366, 540
2.886,941
481 , 006
3,161,3
172,173
636
1,272,462
5,796,502
423,845
111,446
690,079
1,576,317
98,804
323,485
None.
158,321
$
949,711
543,358
1,186,655
1,506,614
203,983
1,535,311
None.
None.
178,035
2,377,801
211,896
49,587
409,393
1,073,991
72,753
16, 136
None.
155,931
22,533,824 10,471,149
6 DEPARTMESr OF INSURANCE
11 GEORGE V, A. 1921
A nunibor of applictions have been received for new classes of casvialty insurance includ-
ing aviation insurance, rain insurance, crop insurance and forgeiy insurance. None of these
cl^es of insurance are defined by the Insurance Act. Aviation insurance as now transacted
in other countries covers practically the same class of hazard as automobile insurance and might
be defined in terms similar to that class of insurance. Rain insurance is properly included in
the term 'weather insurance', but as this class has never been defined by the Act, it is desirable
that a definition should be drafted broad enough to cover not only damage to property, but
loss of profits due to rain and other unfavourable climatic conditions. As, however, loss of
property from hail and tornado are now covered under those two classes of insurance, these
hazards should be excluded from the definition of 'weather insurance'.
Crop insurance covers not only insurance against loss or damage from weather conditions,
but also from insects and crop pests. It is questionable whether it is desirable to authorize
insurance against this hazard, the loss from which is always more or less under the control of
the assured.
Licenses for Forgery insurance are being sought by a number of companies, and it is desir-
able that this cla.ss should also be defined by the Act.
Total Insurance in Canada.
The Department has continued the practice of collecting the more important information
respecting the business of companies operating under provincial jurisdiction and a summary of
this information will be found on pages 95, 132 and 193. The figures have been kindly furnishefl
by the companies in response to a circular letter issued by the Department, and while rcpUea
have not at this date been received from all companies the omissions are not believed to be
important.
I have the honour to be, Sir,
Your obedient servant,
G. D. FINLAY80X.
Superintendent of Insurnnce.
11 GEORGE V SESSIONAL PAPER No 9 A. 1921
ABSTRACT
OF STATEMENTS MADE BY COMPANIES LICENSED TO TRANS-
ACT BUSINESS OF FIRE INSURANCE IN CANADA FOR
THE YEAR 1920 IN ACCORDANCE WITH
THE INSURANCE ACT, 1917.
GENERAL TABLES
Assets of Companies, Fire, etc.
Liabilities of Companies, Fire, etc.
Income and Expenditure of Companies, Fire, etc.
Percentage of Losses to Premiums, etc., etc.
DEPARTMENT OF ISSURANCE
11 GEORGE V, A. 1921
en*—*
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11 GEORGE V, A. 1921
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SESSIONAL PAPER No. 9
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DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
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11 GEORGE V, A. 1921
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24 DEPARTMENT OF INSURANCE
11 GEORGE V. A. 1921
Table IV. — .Summary of Fike Insurance in Canada for the Years 1869 to 1920 inclusive.
Year.
Net
Cash Premiums
Received.
Amount of
Policies taken
during the year
.\mount of
Risks at Date
of Statement
Losses paid.
Canadian Companies.
1869
$
.501,362
536,600
707,418
796,847
842,896
1,453,781
1,646,6.54
1,881,641
1,622,955
1,161,896
1,102,822
1,190,029
1,206,470
1,033,433
1,091,801
1,140,428
1,107,879
1,107,710
1,121,435
1,131,991
1,173,948
1,249,884
1,278,736
1,052,041
1,137,797
1,108,294
1,151,126
1,061,855
1,021,216
1,121,927
1,183,739
1,298,751
1,727,410
2,055,793
2,282,498
2,681,275
3,013,714
3,179,319
3,681,335
3,819,372
3,764,341
4,334,612
4,727,141
5,063,409
5,099,298
5,016,653
4,559,076
4,817,876
4,782,833
5,570,095
6,415,838
7,992,418
i
41,090,604
54,637,315
68,921,494
76,499,542
71,775,952
126,588,965
168,896,111
198,509,113
168,935,723
127,288,165
124,652,727
131,079,789
140,331,153
124,123,715
122,302,460
118,747,547
111,162,914
114,543,80j6
109,206,925
120,158,592
122,965,987
135,145,294
135,943,674
112,566,165
123,785,683
121,562,165
130,567,693
114,379,430
107,268,258
111,006.221
130,009,195
154,8.51,897
170,894,095
215,145,999
216,505,990
239,234,027
301,816,272
324,168,552
375,927,812
423,764,660
455,432,690 "
528,093,567
572,066,012
653,. 582, 426
712,651,986
663,539,377
673,244,131
742,805,919
819,328,851
903,126,573
1,170,734,162
1,501,434,183
$
.59,340,916
59,523,641*
68,465,914*
72,203,784*
91,032,187*
126,705,337*
190,284,543
231,834,162
217,745,048
171,430,720
158,824,631
154,403,173
153,436,153
152,564,079
149,930,173
147,968,945
143,759,390
142,685,145
154,165,902
159,070,684
158,883,612
178,691,762
177,785,359
148,557,131
154,614,280
150,241,967
143,697,862
141.251,862
1.54,231,897
1.59,927,706
169,792,859
190,577,768
221,7.56,637
246,042,580
260,637,251
296,888,876
328,340,100
354,604,064
412,019,532
433,913,379
473,744,578
.502.510,417
549.604,374
644,099,996
684,512,207
700,239,242
682,793,482
662,129,297
689,229,995
757,301,291
863,795.586
1,112.748.411
$
276,116
1870
453.414
1871..
414,339
1872
510,469
1873
487,649
1874 .
662,470
1875
1,082,206
1876
1,599,048
1877
2,186,162
1878 . . .
828,069
1879
687,353
1880
701,639
1881.
1,336,758
1882
733,843
1883
760,430
1884
■ 762,737
1885.
597,189
1886
739,364
1887
764,321
1888
750,448
1889
678,752
1890
736,095
1891
940,734
792,219
1893
797,149
801,871
1895
807,003
713,566
1897
718,891
.587,705
1899 . . .
637,101
1,013,087
1901
1,009,899
865,214
1903
1,209,678
2,561,475
1905
1,399,065
1,602,131
1907
1,801,449
2,655,226
1909
2,123,508
2,. 544, 650
1911
2,519,179
2,731,761
1913
3,020,551
2,972,304
1915
2,625,869
2,595,578
1917
2,376,825
2,741,904
1919
2,7.36,223
3,206,439
120, 809, 668
70,857,125
•These returns are imperfect.
ABSTRACT OF STATEMENTS 25
SESSIONAL PAPER No. 9
Table IV. — Scmmary of Fire Insurance in Canada for the Years 1S69 to 1920 inclusive — C(»i
• , Year.
Net
Cash Premiums
Received.
Amount of
Policies taken
during the year.
Amount of
Risks at Date
of Statement.
Losses paid.
British Companies.
1869
$
1,119,011
1,185,398
1,299,846
1,499,620
1,773,265
1,809,473
1,683,715
1,597,410
1,927,220
1,994,940
1,899,154
2,048,408
2,353,258
2,908,458
3,178,850
3,472,119
3,376,401
3,429,012
3,693,992
3,859,282
3,970,632
4,072,133
4,189,171
4,455,474
4,623,196
4,602,747
4,750,290
5,006,047
5,165,202
5,223,345
5,652,228
5,846,020
6,595,447
6,946,919
7,334,432
8,. 343, 666
8,582,925
8,601,374
9,302,906
9,919,403
9,720,997
10,243,235
11,205,694
12,092,125
13,138,597
13,710,907
13,609,360
14,294,803
16,317,311
18,658,710
20.377,871
25,325.678
S
120,747,515
131,570,928
148,147,966
174,361,395
172,531,126
177,346,240
166,953,268
178,725,453
20B,713,932
213,127,414
213,131,295
227,537,306
271,044,719
321,466,183
350,993,028
354,458,616
337,216,878
349,109,117
377,690,654
376,540,072
403,297,6.56
427,931,692
411,748,053
466,900,791
458,254,364
435,237,770
436,765,579
459,959,398
470,466,620
481,404,453
524,980,343
.140,448,980
542,142,232
556,692,825
580,718,653
609,942,293
649,566,539
672,318,145
748,836,659
789,146,201
832,409,237
936,097,608
998,101,547
1,148,396,318
1,318,925,094
1,398,200,494
1,438,037,721
1,606,346,835
1,914,891,756
2,147,570,916
2,432,641,475
2,988,741,238
S
115,222,003
120,903,017
132,731,241
145.700,486
147,602,019
155,088,455
154,835,931
153,885,268
184,304,318
202,702,743
208,265,359
229,745,985
277,721,299
339,520,054
380,613,572
413,441,198
421,205,014
393,166,340
422,314,264
434, 94", 955
468,379,580
474,884,419
497,550,395
549,223,123
563,044,318
567,948,304
575,683,150
591,656,008
611,840,429
629,768,638
654,890,000
681,751,373
694,491,228
695,220,761
727,383,239
745, '59,661
785,219,445
855,091,245
937,282,806
976-, 873, 509
1,059,251,521
1,143,463,774
1,269,648,229
1,430,070,127
1,595,798,865
1,736,187,120
1,828,316,532
1,958,789,616
2,157,687,223
2,414,696,483
2,570.277,383
3,002,755,482
$
579,416
1870
1871
1,024,362
922,400
1872
1,136.167
1873
967,316
1874
1,120,106
1875
1.299,612
1876
1,168.858
1877
5.718,303
1878. . . . . /.
880,571
1879
1,276.540
1880
855.423
1881..
1,669,405
1882
1,768,444
1883
1,992,671
1884..
2,290,588
1885
1,895,175
1886
2,338,164
1887
2,335,034
1888 '.
2,094,465
1889
1890
1,968.537
2,229.556
1891
2,553,162
1892
2,878,149
3,496,112
1894
3.094,861
3,402,337
1896
2,845,994
3,334.667
1898
3,557,122
3,867,212
1900
5,515,231
4,889,192
1902
2,724,487
3,803,764
1904
9,172,919
1905
3,634,700
1906
3,829,244
5,073,985
1908
5,776,725
1909
4,849,587
1910
5,488,726
1911 ■:
6,181,888
1912
6,319,064
1913
6,939,451
1914
7,796,480
6,889,360
1916
7,926,463
S, 358, 290
1918
9,907,999
1919
8,387,864
1920
10,954,885
Totals
347,987,677
200,980,041
26
DEPARTMENT OF IXSURAXCE
11 GEORGE V, A. 1921
Table IV. — Summary of 1'iri'; Lvsukance in Canada for th<' Years 1869 to 1920 inclusm —
Coududeii.
Year.
Foreign Companies.
1369..
1870..
1871..
1872..
1873..
1874..
1875..
187d..
1877..
1878..
1879..
1880..
1881..
1882..
1883..
1884..
1885..
1887.
1889..
1890..
1891..
1892..
1893..
1894..
1895..
1896..
1897..
1898..
1899..
1900..
1901..
1902..
1903..
1904..
1905..
1906..
1907..
1908..
1909..
1910..
1911..
1912..
1913..
1914..
1915..
1916..
1917..
1918..
1919..
1020..
Totals.
Net Amount of
Cash Premiums Policies taken
Received | during the year
165 106
194,781
314,452
.•?32,243
352,255
259,049
264,395
228,955
213,830
211,594
225,512
241,140
267,388
287,815
.354,090
367,581
368,180
395,613
429,075
445,990
443,436
514,054
700,809
,004,812
,032,602
,000,328
,041,966
,007,948
971,243
,004,859
,074,525
,187,177
,327,491
,574,372
,767,832
,144,941
,689,032
,907,270
,1.30,234
,288,500
,564,120
,147,684
,642,420
,038,984
,508,052
,771,598
,306,397
,671,173
,146,386
,725,600
,237,765
,247,760
139,740,480
12
27
26
26
25
17
23
21
19
22
25
30
32
40
40
37
42
45
44
46
57
75
107
105
96
100
94
85
88
100
108
108
120
136
153
188,
213
239
253
292
.352
417
.572
893
1,042
1,000
1,069.
1,314
1,555
1,820,
2,298,
702,356
893,827
367,712
,526,334*
788,850
,243,769
,357,605
914,181
013,457
432,178
,920,397
,434,766
040,366
,454,518
284,814
777,215
,623,116
,099,984
859,509
,881,343
518,461
646,9.59
726,695
708,732
564,192
789,493
,305,776
949,822
963,431
750,015
,767,561
127,777
486,527
211,152
050,121
128,785
712,561
613,168
440,520
383,160
133,934
864,510
473,032
182,988
623,473
361,697
271,051
085,926
8.39,392
337,567
194,324
496, 593
Amount of
Risks at Date
of Statement
Losses paid
13
11
27
33
40
25
19
18
18
35
20
27
31
.34
41
44
46
50
56
56
5
67
84
123
124
117
118
112
10
105
112
120
12:
133
152
172
204
234
265
289
330
388
460
609
871
1,019
1,020
1,099
1,139
1,351
1
1,855
,796,890*
,167,928
,256,629*
,818,670
,120,629
,050,427
,300,555
,880,550
,298,315
,766,238
,267,995
,414,113
,053,261
,772,345
,720,296
,097,646
,830,075
.921,537
,287,171
,722,420
,275,186
,103,440
,266,437
,629,818
,028,459
,876,931
,491,852
,666,482
,449,891
,697,763
,186,809
,003,219
,439,754
,999,827
,433,226
,965,394
,586,950
,206,935
,198,198
,931,375
,290,388
,302,. 549
,615,743
,273,561
,619,317
,592,647
,519,788
,139,323
,280,296
,517,067
,948,412
,826,379
172
147
212
263
227
143
181
99
.586
114
1S2
109
163
162
167
191
1S6
223
304
228
228
300
411
706
7.59
692
78*
613
648
639
677
1,245
875
562
857
2,365
966
1,152
1,569
1,847
1,673
2,259
2,235
3,068
4,043
4,578
4,646
4,592
5,643
6,709
5,555
7.783
188
061
460
339
219
583
713
389
452
034
.305
516
661
690
127
998
923
860
159
909
922
916
801
902
429
631
410
941
275
660
725
975
865
588
274
140
748
916
607
504
731
017
881
756
757
500
720
022
987
349
268
790
74,767,602
TOTALS FOR ALL YEARS FROM 1869 to 1920 INCLUSIVE.
Canadian Companies.
British Companies. . .
Foreign Companies.. .
Grand TotaLs .
120,809,668
.347,987.677
139,740,480
608,537.825
70.857.125
200.980,041
74,767,602
346,604.768
These roturof are imperfect
ABSTRACT OF STATEMENTS
SESSIONAL PAPER No. 9
27
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42
DEPART MES'T OF INSURANCE
11 GEORGE V, A. 1921
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44
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
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30
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164,108
6,666
1,038
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94
CO
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Net Amount
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durinp; tlie
Year.
162,524
6,175
1,018
None.
- 46
0
CO
Not
Amount at
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at Date.
1
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Amount of
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10,963
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ABSTRACT OF STATEMENTS
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45
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a
o
12^
5,042
1,442
2,282
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103,624
10,557
11,829
45
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106,488
9,345
14,111
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25,947
14,574
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13,930
25,255
12,350
24,300
2,500
9,360
108,807
3,660
8,200
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171,549
64,233
74,256
62,448
1,729
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75,273
50,447
51,942
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165,508
68,247
84,042
59.748
3.729
7,294
111.242
50, 107
47. 142
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367.199
183,536
133,975
144.823
5,838
27.231
216,564
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46
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
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None.
None.
None.
i
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39,552
2,682
368
None.
i
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Net Amount
of
Losses Paid
158,9.35
14,130
1,479
» None.
174,544
Net Amount
of Losses
incurred
during the
Year.
S
101,866
10,707
1,038
None.
179,611
Not
Amount at
Risk
at Date.
CO
Gross
■Amount of
Policies, New
and
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CO
0©.3
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320,332
27,738
6,227
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None.
None.
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57,598
9,375
1,530
None.
g
308,698
22,353
20,082
None.
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328,443
31,054
18,287
None.
00
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00
806,787
56,089
24,455
53
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2,000
300
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3.030
1,600
9,. 570
125
75
14,110
6,570
4,055
None.
15,023
11,679
42,148
359
348
.38,012
22,134
20,736
150.439
None.
13,378
12,755
39, 108
434
-227
46,852
24,732
21,891
i
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.54,212
26,918
85,827
1,843
12,609
119,189
43,129
31,505
375,232
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SESSIONAL PAPER No. 9
47
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48
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
fa
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48,226
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305,609
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320,589
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ABSTRACT OF STATEMENTS
SESSIONAL PAPER No. 9
49
200
None.
None.
None.
None.
o
o
44,512
5,104
6,829
None.
10,589
o
CO
255,081
30,536
33,461
49,294
123,804
•<»<
277,272
35,510
38,510
49,294
109,940
CO
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547,274
44,151
63,959
149,488
95,235
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50
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
ABSTRACT OF STATEMENTS
SESSIONAL PAPER No. 9
Table VI. — Fire Insurance transacted in Canada in 1920.
51
Companies.
Gross
Amount of
Risks
taken during
the Year.
Premiums
charged
thereon.
lis
•so*©
a
©OS
Net cash
received
during the
Year for
Premiuma.
Net cash
paid
during the
Year for
Losses.
XI— <B
^ § S
.2
a
-2
Canadian Companies.
Acadia Fire
$
39,463,850
397,850
9,118,068
140,517,056
37,332,623
34,238,468
31,077,794
26,364,244
26,297,974
54,474,036
13,745,270
1,818,354
None.
190,650
64,859,228
12,552,463
49,906,578
14,596,072
45,337,106
65.279,297
21,376,221
3,072,465
32,654,549
None.
38,826,703
1,793,825
49,908,233
None.
106,481,592
42,385,625
107,314,248
959,061
None.
36,516,702
25,233,226
40,541,442
29,161,442
1,329,687
569,400
113,173,003
165,606
None.
182,404,172
$ cts.
533,233 72
3,326 13
123,683 49
1,428,980 52
521,890 65
315,878 84
338,574 63
388,141 94
233.478 34
759.617 92
198,716 49
43,043 46
None.
3.813 00
811,944 30
135,485 94
470,275 93
136,935 23
466,177 72
212,106 18
250,182 51
51,674 25
430.765 91
None.
341,888 17
46,659 50
573.553 29
None.
1,036,680 57
411,113 77
1,265,923 71
21,547 37
None.
468,369 60
301,285 89
523,800 01
324,141 33
21,418 15
4,364 58
443,421 45
689 10
None.
1,996,928 90
1-35
84
1-36
1-02
1-40
92
1-09
1-28
89
1-39
1-45
2-37
1-36
75
1-59
1-05
1-36
1-05
92
1-45
2-01
1-49
1-50
2-27
$ cts.
230, 141 45
3,326 13
34,759 51
902,603 01
222,950 27
158,029 81
120,514 57
204,988 29
68,353 71
368,484 55
116,106 56
2,503 14
None.
1,906 47
436,154 08
78,343 06
184.636 51
48,036 42
193,181 44
201,490 02
62,729 02
30,759 94
228,808 38
None.
150,047 25
20,308 46
313,849 08
None.
568,872 64
360,788 09
629,200 18
20,253 10
None.
157,956 30
163,833 16
247,729 05
152,674 81
9,017 97
4,364 58
376,748 70
486 93
None.
917,483 41
i cts.
99,672 41
1,170 25
7,153 48
383,299 16
119,324 00
52,726 43
51,097 72
61,282 15
28,404 17
117,476 07
28,430 71
None.
None.
1,238 00
182,430 17
23,627 23
83,240 46
16,960 22
63,993 68
29,002 34
24,480 08
13,200 92
89,434 16
None.
67,553 85
4,231 80
96,659 31
None.
255,096 41
154,030 82
277,151 38
8,630 44
None.
92,124 16
63,166 89
92,206 47
54,276 34
1,105 78
2,760 59
178,862 48
None.
None.
380,942 11
43-31
35-18
20 58
42-47
53-52
33-36
42-40
29-90
41-55
31-88
24-49
46-24
31-04
18-91
37-16
52-15
46-59
35-81
34-94
5-32
33-23
34-35
Canadian Surety
200
.1-25
1-08
94
94
1-03
32
117
1-68
1-32
2-02
1-26
1-04
91
107
96
1^67
1-45
1-32
64-94
41-83
30-16
45 08
35-31
33-13
14-39
44-84
42-92
39-09
21
Dominion Fire
39-43
Dominion of Canada Guarantee and
Accident
27-54
Fire Insurance Co. of Canada
General Accident of Canada
14-69
38-31
38-45
Guardian Insurance Co. of Canada.
Halifax Fire
13-04
125-59
52-67
Imperial Guarantee and Accident .
88
2-60
1-15
87
1-05
109
45-02
20-84
30-80
47-94
Kings Mutual..
14-38
38-99
London and Lancashire Guarantee
and Accident .
London Mutual
97
97
1-18
2-25
93
94
1-24
2-00
44-84
42-69
44 05
42-61
46-12
Mercantile
32-5?^
Mount Royal
48-74
Mutual Fire
32-68
North Empire
1-28
M9
1-29
Ml
1-61
77
39
41
M8
1-12
M7
93
■■■80
88
58-32
38-56
37-22
35-55
12-26
63-25
47-48
76-22
North West
48-60
Occidental
47-56
Pacific Coast
28-48
Pacific Marine ...
Pictou County Farmers'
36-65
Quebec
40-87
Western
1-09
114
41-52
53-98
Totals
1,501.434,183
15,639,712 49
1-04
M2
7,992,420 05
3,206,442 64
40-12
42-65
9— 4i
52 DEPARTMENT OF INSURANCE
11 GEORGEV, A. 1921
Table VI. — Fire Insurance transacted in Canada in 1920 — Continued.
Companies.
Gross
Amount of
Risks
taken during
the Year.
Premiums
charged
thereon.
3 S e
0.-0 M
-or.
S
.2
3
1
Net cash
received
during the
Year for
Premiums.
Net cash
paid
during the
Year (or
Losses.
!3 »T3
° c ^
£
British Companies.
$
50,118,433
74.460,508
64,471,701
21,432.086
28,492,549
67,809,630
67.350,298
36,492,455
1,039,497
151,691,926
89,823,785
103,766 446
10,088.869
62,280,274
183.017,498
44,581,203
189.568,900
84,905,674
135,880,497
71.542.280
None.
None.
None.
5.400,000
4,558.233
141.795.180
124,166.090
116.691,873
44,077,867
56.268.871
143,616,566
18.655,252
32,213.567
None.
108,060,767
236,836,477
22,612,738
13.694.738
57.827.488
99,476.150
6.933.056
95.289,977
66.988,619
None.
1,304,602
53,458.618
$ cts.
486,079 08
904,537 92
774,918 00
179,647 55
349,370 55
720,829 85
254,926 94
423,736 59
17,792 47
1.515,8.38 28
632,720 65
1.027,644 41
115,448 99
662,965 62
2,091.107 82
426,400 74
2,026,149 71
1,036,738 37
1,392,341 53
736,724 24
None.
None.
None.
70,000 00
33,210 85
1.532,504 22
1,418,999 91
1.341.343 11
481.968 72
598.731 25
1,771,918 01
179,903 67
342,586 17
None.
972,622 33
2.629,154 19
224,736 39
154,991 13
564,465 83
1,054,744 99
83,590 96
1,019,422 30
719,322 98
None.
22,011 68
676,132 57
0-97
0-93
S cts.
428.771 33
751.263 24
525,288 94
107,559 57
270,719 95
523,646 40
139,339 05
291,023 09
9,935 88
1.183,676 17
449,391 95
832,257 75
49,392 76
581,522 69
1,753.853 58
339,603 26
1.658,181 29
859,994 64
1.107.974 06
634,901 29
None .
None .
None.
52,322 69
17,414 32
1,252,237 62
1,214,345 52
1.179.151 30
367,199 06
487,715 00
1,297,218 05
153.053 13
280,674 45
None .
800,729 72
2.178,381 93
173,357 73
119,654 39
464,627 37
842,503 65
47,903 22
778,315 59
547,273 71
None.
15,066 85
558,234 80
S cts.
190,882 46
264,202 29
275,316 64
29,151 89
123,954 49
213,115 13
45,410 76
118,631 55
554 29
582.640 36
161.873 03
401,723 40
4,376 88
273,127 72
740,269 95
117,766 16
735,059 68
531.889 80
549,922 46
220,439 87
None.
None.
None .
18.402 75
61 73
636,982 77
577,075 40
485,156 94
171,549 10
246,-558 21
363,526 77
54,634 93
106,359 14
None .
351,553 27
856,798 88
58,486 33
24,365 63
175,. 580 51
363,051 71
4,656 48
305,608 73
255,081 40
None.
. 443 81
318.641 63
44-52
35-17
52-41
27-10
45-79
40-70
32-59
40-76
5-58
49-22
36-02
48-27
8-86
46-97
42-21
34-68
44-33
61-85
49-63
34-72
33-28
Atlas
1
1
0
1
1
0
1
1
1
0
0
1
1
1
0
1
1
1
1
21
20
84
23
06
38
16
71
00
70
99
14
06
14
96
07
22
02
03
22
24
47-93
41-87
0
0
0
0
19
02
53
69
59
95
83
97
30-78
37-32
39-97
36-91
33-77
Eagle Star and British Dominions
32-30
39-14
0
0
02
10
94
09
12
02
98
37-38
41-53
30-11
Liverpool and London and Globe. .
47-40
49-95
44-14
25-80
1
0
1
1
1
1
1
1
0
1
30
73
08
14
15
09
06
23
96
06
67
35 17
0-35
50-87
47-52
41-14
46-72
.50-55
28-02
35-70
37-89
53-68
North British and Mercantile
07
19
13
04
01
25
87
12
44-60
41-49
41-24
Ocean, Accident and Guarantee
44-18
37-72
42-44
36-90
39-78
0
1
0
1
0
1
1
1
1
90
11
99
13
98
06
21
07
07
93
13
43-90
39-33
33-74
20-36
37-79
43-09
9-72
39-27
46-61
39-57
Royal Insurance
44-99
Scottish Metropolitan
35
94
00
35-92
45-39
00
98
45-35
30-85
1
1
69
?fi
37
9.^
2-95
57-08
40-23
Totals
2.988,741.238
31,668.280 57
'
06
J
06
25,325,676 99
10.954,884 93
43-26
41-16
ABSTRACT OF STATEMENTS
SESSIONAL PAPER No. 9
Table VI. — Fire Insurance transacted in Canada in 1920. — Concluded.
53
Companies.
Gross
Amount of
Ri.sks
taken during
the Year.
Premiums
charged
thereon.
m
11.
6 Lh «
(D
S
OJOS
Net cash
received
during the
Year for
Premiums.
Net cash
paid
during the
Year for
Losses.
13 i-c
111
a
Foreign Companies.
71,298,757
2,269,806
35,040,741
1,710,787
32,111,309
11,245,576
7,571,841
4,997,718
14,314,809
6,487,006
18,004,072
3,261,429
10,204,051
1,059,791
30,261,591
88,305,470
26,804,553
75,331,376
8,348,298
29,340,458
14,470,525
30,893,974
4,698,405
41,638,963
158,149,984
85,710,018
91,801
181,691,614
186,892,511
176,551,405
28,097,646
18,287,323
13,421,474
5,468,225
1,834,628
13,801,450
3,738,425
91,801
16,857,179
78,290,957
169,600
34,497,883
66,622,743
18,009,518
12,352,243
10,816,996
59,667,196
7,063.501
28,830,750
33,460,789
79,462,8.52
39,524,362
84,735,256
91.801
68,475,692
75,975,336
385,410
12,740,267
2,883,467
40,142,420
25,734,342
15,149,069
43,057,353
S cts.
725,842 98
39,640 45
295,211 90
31,886 49
315,125 40
102,022 95
94,882 36
19,7^0 67
131,301 69
70,006 88
152,384 86
53,772 92
109,747 57
17,399 57
340,298 81
871,362 59
269,936 89
780,492 66
105,097 65
312,993 64
165,113 05
268,951 36
48,660 38
372,606 45
1,530,047 84
838,945 63
3,154 83
1,741,627 70
2,346,755 69
1,374,726 90
253,014 15
306,645 04
271,369 76
94,096 41
57,419 06
128,957 26
50,435 48
3,154 S3
202,143 86
1,055,620 58
1,976 47
373,664 62
716,594 43
216,375 85
98,895 72
131,178 86
595,447 16
140,261 98
348,736 50
326,137 10
825,912 54
351,626 49
1,007,350 73
3, 154 83
615,655 23
700,817 14
4,209 82
158,823 98
21,524 45
415,355 56
223,616 04
145,713 63
459,242 62
1-02
1-75
84
1-86
98
91
1-25
39
92
1-08
85
1-65
1-08
1-64
M2
99
101
1-04
1-26
1-07
M4
87
1-04
89
97
98
3-44
96
1-26
78
90
1-68
2-02
1-72
3-13
93
1,35
3-44
1-20
1-35
1-17
1-08
1-08
1-20
80
1-21
1-00
1-99
1-21
97
1-04
89
M9
3-44
90
92
1-09
1-25
75
1-03
87
96
1-07
1-13
1-75
69
1-57
84
49
1.26
40
1-06
'■■■77
1-41
1-51
106
MO
103
M2
M8
94
1-13
83
77
84
97
95
'99
1-13
81
84
1-81
1-84
"2-47
1-27
1-39
1-19
Ml
■94
1-04
M4
M6
M2
96
1-54
1-22
88
98
1-02
1-34
■'94
96
'l-36
1^41
97
71
99
$ cts.
569,474 89
31,558 49
204,366 59
6,389 19
256,985 13
78,596 39
63,488 87
17,534 46
122,265 40
18,046 76
107,106 27
41,005 18
43,094 59
7,801 39
201,203 64
557,938 73
62,636 11
524,319 75
77,237 46
251,654 38
144,731 22
171,370 06
36,528 35
237,815 53
1,077,859 22
611,854 63
1,167 63
1,391,844 94
1,831,666 84
978,756 62
202,373 57
240,629 63
193,695 07
74,155 94
36,611 33
107,965 61
40,036 71
1,167 63
173,030 34
774,725 58
606 59
290,803 52
626,079 75
115,607 85
90,235 41
84,437 81
363,332 79
98,939 60
312,456 02
204,954 54
468,319 37
320,332 04
806,786 73
1,167 63
429,363 10
451,810 39
None.
111,869 11
7,629 22
332,612 73
173,016 41
97,917 51
285,789 34
$ cts.
224,575 62
3,567 85
106,055 06
951 52
98,252 45
35,509 84
22,871 18
6,652 27
68,794 89
244 23
21,358 78
9,580 51
4,104 20
1,711 09
75,579 47
282,606 68
19,973 02
284,528 57
29,074 48
232,112 51
63,711 89
70,446 07
17,843 80
109,916 65
429,859 66
369,239 25
92 84
642,533 16
947,548 90
468,910 56
75,415 74
187,507 21
63,675 16
46,456 31
3,576 36
46,415 72
45,851 37
92 84
56,925 31
395,686 71
None.
115,745 66
260,340 20
38,716 59
50,769 49
17,261 98
164,107 64
15,820 54
103,624 41
80,390 53
161,423 07
158,935 09
308,697 .52
92 84
167,945 22
214,029 41
None.
38,423 42
499 07
161,733 79
15,358 67
30,217 05
109,850 49
39-44
11-31
51-89
14-89
38-23
45-18
36-02
37-94
56-27
1.35
19-94
23-36
9-52
21-93
37-56
50-65
31-89
54-27
37-64
92-23
44-02
41-11
48-85
46-22
39-88
60-35
7-95
46-16
51-73
47-91
37-27
77-92
32-87
62-65
9-77
42-99
114-52
7-95
32-90
51-07
39-80
41-58
33-49
56-26
20-44
45-17
15-99
33-16
39-22
34-47
49-62
38-26
7-95
39-11
47-37
42-46
Agricultural
Alliance Insurance
American Alliance
American Central
American Equitable
American Insurance
American Lloyds
Boston ." ,.
32
31
20
43
92
30
70
57
42
21
34
25
89
19
California
Citizens of Missouri
40
11
09
37
Commercial Union of N.Y
5
37
42
45
39
30
44
20
42
65
62
27
Equitable Fire and Marine
Fidelity— Phenix
Fire Association of Philadelphia....
Fireman's Fund
Firemen's Insurance
44
77
52
22
25
80
Girard..
Glens Falls
Globe and Rutgers
Great American
39
50
50
14
21
23
Hartford Fire ...
41
42
41
47
25
115
n
59
Insurance Co. of North America..
Insurance Co. of State of Pennsylva-
nia
Lumbermen's Underwriting
Alliance
Maufacturing I-umbermen's
Manufacturing Woodworkers
Mechanics and Traders
93
62
48
101
6
34
86
27
Millers National
Minnesota Implement
National-Ben Franklin
National Fire of Hartford
76
29
34
42
43
15
28
5
36
32
45
42
49
46
36
92
National L^nion. . . . ...
3fi
30
Newark
42
New Hampshire ....
31
58
Niagara
16
37
Northwestern National
98
Phenix of Paris
Phenix of Hartford
16
28
Providence, Washington
57
Queen of America
17
St. Paul Fire and Marine
39
46
87
Springfield Fire and Marine
Sterling
01
34-35
6-54
48-63
8-88
30-86
38-04
60
03
Tokio...
L' Union of Paris
40
51
United States Fire
Vulcan ,
Westchester
30
38
50
85
Totals
2,298,496,593
23,834,776 94
1-04
1-02
17,247,757 58
7,783,792 41
45-13
41-97
Grand Totals..
6,788,672.014
71,142, 770 00
1-05
1-06
50,565,854 62
21,945,119 98
43-40
41-67
54
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
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ABSTRACT OF STATEMENTS
57
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58
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
Table IX. — Showing the Assets in Canada of British Companies transacting
BRITISH companies-
No
Companies
Alliance
Atlas
British Crown...
British General.,
British Traders.,
Caledonian
Car and General
Century
China
Commercial Union
Eagle Star and British Dominions.
Employers' Liability.
Essex and Suffolk
General Accident Fire.
Guardian Assurance
Law, Union and Rock
Liverpool and London and Globe.
London Guarantee
IjOndon and Lancashire .
London Assurance
Marine
Merchants' Marine
Motor Union
National Benefit
National Prov. Plate Glass. .
North British & Mercantile.
Northern Assurance..
Norwich Union Fire.
Ocean Accident & Guarantee.
Palatine
Phoenix of London
Provincial
Queensland
Railway Passengers.
Royal Exchange
Royal Insurance
Royal Scottish
Scottish Metropolitan.,
Scottish Union.
Sun Insurance
Traders and General.
Union As-surance Society.
Union of Canton
Union Marine..
Yanatsze
YorKshire
Commenced
Business in Canada
(Fire)
February 29, 1892.
March?, 1887
November 2, 1917.
Decembers, 1919.
February 20, 1918.,
July 20, 1883
December 4, 1918...
December 12, 1917.
September 11, 1919.
September 11. 1863.
Julv 22. 1915
lvSS7 to 1894 and again in
1910
March 11. 1920
.Tuly 13, 1908
Mav 1, 1869
Real Estate
.\pril 1, 1899.
June 4, 1851..
October 22, 1915....
.A.pril 1, 1880
•March 1, 1862
September 4, 1913..
December 14, 1920.
May 30. 1919
November 5, 1918.
Augu-st 6, 1920
1862
1867.
.\pril 1,1880...
.April 20, 1915
March 27, 1912
1804
December 19, 1910.
May 16, 1918
March 23, 1920
November, 3 1910..
1851
January 10, 1920....
December 17, 1918.
Fepruarj-25, 1882.
June 3, 1892.
June 1, 1920.
November, 1890
September 24. 1917.
February 28, 1918..,
December 1, 1919..,
January 16. 1907
Totals 2,899,249 28 13,047.263 50
i cts
None .
None.
4,072 16
None.
None .
None.
None.
None.
None
325,000 00
None.
None .
None.
None .
442,900 00
200, 148 OS
200,000 00
None.
None.
None.
None.
None.
None
None.
None.
189,000 00
None.
120,000 00
6,605 59
None
110,000 00
None.
None .
None.
75,000 00
545,784 00
None.
None.
None.
50,000 00
None.
None.
76,739 45
None.
None
554,000 00
Loans
on
Real Estate
None .
None.
3,610 89
None.
None.
None.
None.
None.
None.
20,000 00
None.
None .
None.
None.
None.
,931,990 32
786,500 00
4,700 00
None.
None.
None.
None.
None.
None.
None.
None.
None.
None.
None.
None.
None.
None.
None .
None.
82,751,69
549,500 00
None.
None.
600,207 00
None.
None.
None.
None.
None.
None.
2,068,003 60
Bonds
and
Debentures
i cts.
608,408 00
600,463 66
507,511 99
80,546 67
413.170 00
501.702 94
430,269 69
181,356 96
25,618 00
1,204,025 38
330,. 590 48
1,597,938 39
57,232 00
682,764 48
1,409,432 86
946,095 00
1,605,114 32
1,825,885 27
1,197,455 80
552,011 19
128,815 34
115,583 65
115,408 33
225,077 44
75,011 73
1,554,028 04
1,183,725 87
1,250,215 24
938,163 28
501,075 65
1,049,593 34
154,367 09
136,887 00
343, b75 63
865,8.57 20
2,712,273 61
65,700 00
251,879 95
1,388,486 25
911.923 76
76,405 20
722.924 68
484,173 33
70,633 33
50,000 00
807,740 18
30,946.218 20
(a) Including $263.93 loans on collateral.
(b) Includinp S65.000 loans on collateral.
ABSTRACT OF STATEMENTS
SESSIONAL PAPER No. 9
business of Fire Insurance or of Fire and other Insurance in Canada.
ASSETS IN CANADA AT DECEMBER 31. 1920.
59
Stocks
$ cts.
None.
None.
None.
None.
None.
None.
None.
None.
None.
None.
None.
None.
None.
None.
None.
None.
None.
None.
Cash on
hand and in
Banks or
deposited
with
Govern-
ments
None.
None.
None.
None.
None.
None.
814,240 00
None.
None
None.
None.
None.
None.
None.
None.
None.
None.
None.
254,000 GO
None.
None.
None.
1,068,240 00
$ cts.
72,214 32
62,303 44
31,099 58
16,000 00
110,338 75
61,396 31
16,413 50
31,179 75
5,166 99
123,191 42
19,681 70
39,365 87
18,049 61
80,793 68
115,068 72
511,878 34
189,779 60
77,646 75
Interest
and
Rents
due
and acrued
Npne.
239,400 28
None.
100,292 37
None.
59,135 47
None.
None
None.
34,901 43
None.
9,914 12
8,022 34
181,141 29
101,635 77
187,679 43
162,216 29
64,6.52 70
289,388 66
61,580 62
36,582 40
39,632 20
91,360 77
578,659 82
35,385 31
31,266 61
75,774 66
94,233 29
18,039 31
205,937 52
246,542 60
7,142 24
22,497 65
245,240 78
4,809,924 26
None.
5,489 19
58,930 33
None.
None.
None.
4,920 54
None.
None
8,185 42
13,294 92
None.
584 00
9,381 43
457 18
'478,609 20
29,176 79
18,266 82
10,275 81
None
589 89
None.
476 75
None.
505 55
14,700 01
10,311 41
None.
None.
None.
16,459 53
None.
None.
366 66
17,504 79
46,533 78
304 16
506 72
24,761 55
None.
None.
None.
None.
613 35
None.
48,021 46
Agents'
Balances
and
Premiums
Uncollected
819,227 24
Other
Assets
S cts.
80,602 65
65.306 59
104,404 62
13,240 40
43,809 62
52.307 77
51,011 40
41,388 10
1,829 85
144,662 81
24,365 41
286,490 42
13,066 86
67,628 54
171,491 57
125,268 61
182,857 83
271,083 86
199,940 16
78,939 46
19,461 30
None
14,225 96
7,452 82
8,402 43
163,268 81
155,755 64
187,665 38
168,178 53
50,644 42
175,586 02
20, 174 02
28,502 36
47,893 36
99,008 12
263,447 12
23,365 94
92,136 40
58,291 43
106,620 56
41,144 15
83,480 42
117,715 73
516 01
1,580' 45
162,380 42
$ cts.
5,000 00
20,547 73
13,092 70
3,689 16
24 78
15,000,00
5,871 03
■ 1,796 05
None.
27,640 54
31 25
77,323 74
177 73
10,712 83
1,006 78
12,025 46
6,689 25
64,886 94
None.
5,000 00
None.
None.
None.
None.
284 92
15,000 00
41,702 82
8,466 43
71,411 03
(a)
1,000 00
15,622 42
1,232 12
5,542 90
62,017 73
(6) 100,330 11
10,121 79
2,500 00
12,435 29
None.
14,378 54
None.
19,281 39
None.
None.
None.
22,780 07
4,116,600 33 674,623 53
Total
Assets in
Canada
766
cts
244 97
754,
722,
122!
567,
630,
508,
255,
32,
1,852,
.387,
2,001,
110 61
722 27
476 23
.343 15
407 02
486 16
720 86
614 84
705 57
963 76
,118 42
Nature of Business
Fire, Accident, Auto,
Burglary, Gtee, Hail,
Plate Glass and Sick-
ness.
Fire
Fire, Auto and Hail
Fire
Fire, Auto and Hail
Fire
Fire, Accident, Auto,
Hail and Sickness
Fire
Fire
Fire
Fire, Auto and Hail
Fire, Accident, Auto,
Burglary, Explosion,
Gtee, Hail, Sickness
and Steam Boiler
89,110 20
851,280 96
2,140,357 11
11,206,015 01
3,000,117 79
2,262,469 64
1,647,072 05
736,243 02
208,002 00
115,583 65
165,012 47
242,444 38
•92,226 97
2,117,138 15
1,493.131 51
1,754,026 48
No..
Fire ;
Fire, Auto and Hail
Fire
Fire, Accident, Auto,
Burglary, Plate Glass
and Sickness
Fire -,
Fire, Accident, Auto.Gtee'
Hail and Sickness
Fire and Auto
Fire and Inland Trans
Auto and Inland Trans...
Fire
Auto • .
Fire Accident and Sick-
ness
Fire and Plate Glass,
Fire
Fire, Accident, Auto,
Burglary, Gtee, Plate
Glass and Sickness...
Fire, Accident, Auto,
Plate Glass and Sick-
1,346,574 72
617,372 77
2,470,889 97
237,453 85
207,514 66
493,. 585 58
1,331,812
4,706,320 12
127,255 41
388,224 97
2,147,520 89
1,177,156 15
135,588 66
1,031,624 01
1,179,171 11
78,904 93
74,084 10
3,908,166 51
ness
Fire, Accident, Auto,
Burglary Guarantee
Plate Glass and Sick
ness
Fire and Auto
Fire
Fire
Fire
Accident, Auto, Burglary,
Gtee, Plate Glass, and
Sickness.
Fire, Accident, Auto, and
Sicloiess. .
Fire
Fire ,
Fire, Accident, Gtee and
Sickness .
Fire, Auto, Explosion,
Sprinkler Leakage and
Tornado.
Fire
Fire and Auto •
Fire, Auto and Inland
Fire, Auto ,Hail and In-
land Trans.
Auto and Inland Trans.
Fire
Fire, Accident, Auto, Live
Stock, Plate Glass and
Sickness.
58,381,346 341
16
17
18
19
20
21
22
23
24
25
26
40
41
42
43
44
45
46
60
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
Table X. — Showing the Assets in Canada of Foreign Companies transacting
FOREIGN COMPANIES—
Companies
Com menced
Business in Canada
(Fire)
Keal Estate
Loans
on
Real Estate
Bonds
and
Debentures
^tna
Agricultural.
Alliance Insurance.
American Alliance
.\merican Central
American EquilaV>le
American Insurance
American Lloyds
Boston
Caledonian-American
California
Citizens of Missouri
Columbia
Commercial Union of New York.
Connecticut
Continental
Equitable Fire and Marine.
Fidel ity-Phenix
Fire Association of Phila.
Fireman's Fund
Firemen's Insurance
General of Paris
Girard
Glens Falls
Globe and Rutgers.
Great American. . . .
Hardware Dealers.
Hartford Fire
Home Insurance.
Insurance Co. of North America.
Insurance Co. of State of Pa
Lumhprmen's Underwriting Alliance.
Manufacturing Lumbermen's
Manufacturing Woodworkers
Mechanics and Traders
Merchants Fire
Millers National
Minnesota Implement
National Ben-Franklin
National Fire of Hartford
National Liberty
National Union
La Nationale
Newark
New Hampshire
New Jersey , . . . ,
Niagara
Northwestern Mutual
Nortliwestern National . . .
Phcnix of Paris
Phoenivof Hartford
Providence Washington...
Queen of America
lletail Hardware
St .P.iul Fire and Marine.
Springfield Fire and Marine.
Sterling
Stuyvesant
Tokio
L'Union of Paris
United States Fire.
Vulcan
Westchester.
I82I
1870 to 1873, 1879 to 1897
and again in 1917
August 30, 1917
Totals.
Januarv 27, 1919....
Decetrioer 17.1912..
October 6, 1919
June 28, 1912
December 1, 1910, .,
Januarv 15, 19-18
February 9, 1920..
November 18,1912..
December 4, 1917...
October 11, 1917....
November 29, 1917.
June 28, 18S6
August 31, 1910
Aprils. 1913 .
April 11, 1910.
March 16, 1918
November 30, 1912.
Mav22, 1912
Julv20, 1912
April 30, 1919
November 28, 1913.
March 6, 1914
December 7, 1904.
August 18, 1920..
November, 1836.
January- 1, 1902.
October 16, 1889.
March 22, 1912
Mav 10, 1918
April 24, 1918
May 28, 1920
Januarv 4, 1918
December 2C, 1917.
October 6, 1915
August 18, 1920
May 23, 1914
Augusts, 1908
SeDtemi3er28, 1920.
August 12, 19! I
February 13, 1914...
March 6, 1918
.A.pril 15, 1918
April 6, 1918.-;
July 19, 1912
May 10, 1918
Mav 22, 1912
March 20, 1915
Mav 20, 1890
January 9, 1912
November 2, 1891 . .
August 18, 1920
September 14, 1907.
November 5, 1908..
September 9, 1920..
August 25, 1916
.March 12, 1920
April 11, 1911
June 30, 1919
January 15, 1918.
Mnv28, 1912
None
None
None
None
None
None
None
None
None
None
None
None
None
None
None
None
None
None
None
None
None
None
None
None
None
None
None
None
None
None
None
None
None
None
None
None
None
None
None
None
None
None
None
None
None
None
None
None
None
None
None
None
None
None
None
None
None
None
None
None
None
None
None
None
$ cts.
None
None
None
None
None
None
None
None
None
None
None
None
None
None
None
None
None
None
None
None
None
None
None
5,500 00
None •
None
None
None
None
None
None
None
None
None
None
None
None
None
None
None
None
None
None
None
None
None
None
None
None
None
None
None
None
None
None
None
None
None
None
None
None
None
None
5,500 00
$ cts.
453,253 33
23,858 17
117,950 00
30,000 00
187, 6S6 2b
50,000 00
62.050 00
73,915 00
80,000 00
50,000 00
58.930 00
25.000 00
123.787 47
20.000 00
265,089 75
429.923 00
141,029 69
390,459 00
53,000 00
197,150 00
113.099 66
248,210 74
55.000 00
384.975 50
849. 124 20
539.613 00
50,050 00
1,683,193 41
1,957,486 97
790,319 46
192,240 00
172,500 00
80,000 00
50.000 00
20,000 00
156.992 87
50,000 00
51,700 00
303. 108 73
596.500 00
52,200 00
207,343 60
832,536 00
60,000 00
64.750 00
61.000 00
326.300 00
99,724 93
695.713 07
309,803 54
489,700 00
240,560 00
679,030 84
54,280 00
449,880 00
458,710 00
60,000 00
89,698 75
50,000 00
551,892 36
85,000 00
.50,000 00
277,650 07
17,425.975 37
ABSTRACT OF STATEMENTS
SESSIONAL PAPER No. 9
business of Fire Insurance or of Fire and other Insurance in Canada.
ASSETS IN CANADA AT DECEMBER 31. 1920.
61
Cash on
hand and in
Interest
Agents'
BanKs or de-
and
Balances
Total
Stocks
posited with
Rents
and
Other
Assets in
Nature of Business
No.
Govern-
due
Premiums
Assets
Canada
ments
and accrued
Uncollected
None
$
453,270 09
$
b,540 21
S
69,646 42
None
982.710 05
Fire, Auto and Tornado.
1
None
36,100 58
416 66
2,820 83
None
63,196 34
Fire.
2
None
87,839 56
1,427 50
17,629 63
None
224,846 69
Fire. Auto and Inland
Trans.
3
None
None
275 00
1,294 65
None
31,569 65
Fire and Auto.
4
None
96,338 98
4.550 91
39,279 36
3,768 27
331.623 78
Fire.
5
None
17,132 50
229 16
13.120 60
1,920 00
82.402 26
Fire.
6
None
25.541 96
1,460 00
5,244 56
1,462 18
95,758 70
Fire.
7
None
14,482 71
1,463 00
3,2.59 58
None
93,120 29
Fire. & Sprinkler LeaKage.
8
None
22,609 72
None
10,596 90
2,364 03
115,570 65
Fire.
9
.None
11,395 19
None
11,661 92
1,837 16
74.894 27
Fire.
10
None
22,380 68
1,075 00
14,463 21
1,000 00
97,»48 89
Fire.
11
None
1,906 c8
None
8,122 07
None
35,028 95
Fire.
12
None
70,144 78
1 , 765 80
37,5.37 51
6 16
233,241 72
Fire. Auto & Inland Trans.
13
None
3,288 16
29 00
2,498 52
None
25,815 68
Fire.
14
None
171,972 07
3,552 06
41.328 58
None
481,942 46
Fire and Hail.
15
None
150,717 72
8,415 08
93,678 85
12,209 58
694,944 23
Fire.Ar.to, Explosion, Hail
and Tornado.
16
None
.^4,787 14
3.267 81
None
None
169,084 64
Fire, Auto and Explosion.
17
None
140,662 08
8,889 H
70,764 02
13,018 77
623.793 01
Fire, Auto, Explosion. Hail
and Tornado.
18
None
32,708 22
656 98
4.113 63
None
90.478 83
Fire.
19
None
111,645 41
None
58,317 93
369 12
367,482 46
Fire, Auto & Inland Trans.
20
None
36,147 01
2,236 25
18.565 97
None
170,048 89
Fire.
21
None
24,273 45
None
19,081 31
3.480 33
295,045 83
Fire.
22
None
9,d44 81
479 15
6,272 55
None
71.396 51
Fire.
23
None
69,385 10
4,696 24
52,532 30
None
517,089 14
Fire, Auto, Hail, Inland
Trans, and Tornado.
24
None
342,891 02
8,756 41
225,592 97
14.320 65
1,440,685 25
Fire. Auto, Explosion and
Inland Trans.
25
None
151,408 06
8,997 49
61,896 25
1,786 15
763,700 95
Fire, Auto, Explosion, Hail
and Tornado.
26
None
980 36
None
1,728 14
566 26
53,324 76
Fire.
27
None
646,539 16
21,648 55
182,472 61
15,000 00
2,548,8.53 73
Fire, Auto, Explosion, Hail
Inland Trans., Sprinkler
Leakages .
28
None
1,106,230 56
None
274,398 88
None
3,338 116 41
Fire, .4uto, Explosion, Hail
Sprinkler Leakage and
Tornado.
29
None
718,125 88
8.898 OS
113,092 77
None
1.630.436 19
Fire, Auto, Explosion and
Inland Trans.
30
None
34,840 58
" 3,165 20
31.254 26
None
261,500 04
Fire and Tornado.
31
None
237 12
1,294 33
20.795 18
None
194,826 63
Fire.
32
None
75,250 37
576 16
7,770 63
None
163,597 16
Fire.
33
None
33,551 62
None
6,015 03
None
89.566 65
Fire.
34
None
5,863 74
106 25
7,104 27
None
33,074 26
Fire.
35
None
25,324 89
2,539 23
12,975 98
609 31
198.442 2S
Fire.
36
None
16,100 23
1,041 65
6,776 79
None
73,918 67
Fire.
47
None
980 36
None
1,728 14
566 26
54,974 76
Fire.
38
None
54,227 63
5,203 49
23.646 47
None
380,186 32
Fire and Auto.
39
None
282,339 91
8,916 68
137,773 35
No^,e
1.025.529 94
Fire, Auto and Tornado.
40
None
11,530 54
405 69
933 94
90 25
65,160 42
Fire.
41
None
39,411 41
2,710 09
39.486 68
None
288,951 78
Fire and Tornado.
42
None
88,352 49
1,611 73
62.973 69
1,000 00
986,473 91
Fire.
43
None
56,360 79
289 58
23,359 26
6,219 33
146,228 96
Fire and Auto.
44
None
19,869 89
None
8,122 84
2,267 64
95,010 37
Fire.
45
None
5,919 14
None
28.960 14
None
95,879 28
Fire and Auto.
46
None
54,706 92
3,125 01
60,203 05
6,143 83
450,478 81
Fire. Auto, Explosion and
Tornado.
47
None
28,277 60
2,013 45
22,467 08
3.415 68
155,898 74
Fire and Auto.
48
None
41,378 16
10,245 76
48,615 94
None
795,952 93
Fire, Auto and Tornado
49
None
56,920 72
None
22,553 80
3,399 64
392.677 70
Fire.
50
None
272,998 74
8,372 60
91,575 17
None
862,646 51
Fire, Auto and Hail.
51
None
52,880 13
2,921 66
8.071 33
None
304,433 12
Fire, Auto and Explosion.
52
None
130,476 06
8,555 99
102,078 32
5,006 14
925,153 35
Fire, Auto & Inland Trans.
53
None
980 36
None
1.728 14
566 26
57,554 76
Fire.
54
None
75,234 98
6,244 01
56,878 17
(a) 3,794 72
592,031 88
Fire, Auto. Inland Trans-
and Tornado.
55
None
189,392 22
6,630 37
52,386 50
None
707,119 09
Fire, Auto .Sprinkler Leak-
age and Tornado.
56
None
9,295 42
593 18
3.183 00
None
73.071 60
Fire.
57
None
35,708 55
1,653 33
21,729 61
None
148,790 24
Fire.
58
None
19,614 30
1,200 83
8,997 97
None
79,813 10
Fire.
59
None
84,230 95
497 69
69,110 62
3,907 27
712,638 89
Fire.
60
None
81,858 11
1.580 46
12,876 22
None
181,314 79
Fire, Auto, Explosion and
Tornado.
61
None
32,469 36
295 10
15.268 98
None
98,033 44
Fire.
62
None
125,136 97
1.817 82
33,812 03
None
438,416 89
Fire, Explosion and Hail.
t>3
None
6,642.270 20
183,332 82
2,512,225 10
110,094 99
26,879,398 48
(o) Including $300 loan on collateral.
62
DEPARTMENT OF INSURANCE
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CO
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1~l
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z z
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GO '— < O^-^-^i— «
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CO "^ OS -^ I , _.
OS O O fM *0 lO
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« o too
^ oc o
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.sg
^ 2 & o
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o->.
■ O C3 C3
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illillilliliHfl
>ggg=sssazzzz^zzzz
eqcO'-i'incDt-oooso^cirii-^i.ocor-
sz
S CO CO CO "^ "■
-g^ -
£2 g
sis
3 S 2 2 p §
zzSSiSc
iO C5 O ^H /M ro
Tf -* lO to »o lO
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'^^
a 3
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9—5
66
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
Table XIII. — Showing the Cash Incom<' and Expenditure of Canadian Coni-
f'AXADIAM COMPANIES— INCOME
INCOME (cash)
No
Companies.
Net.
Cash
for
Premiums.
(Fire.)
Net
Cash
■ for
Premiums.
(Other).
Interest ,
Kents and
Dividcnclfi
on
Stock, etc.
(Fire and
other.)
Sundry.
fFire
and otlier.
Total
Cash
Income.
Acadia Fire
.\nt igoni.sh Farmers . .
Beaver Fire
Rritisli America
Brit i.sli Colonial
British Northwestern .
Canada Accident and Firo
Canada National
Canada Security
Canadian Fire
Canadian Indemnity
Canadian Lumbermen'.s
Canadian Surety
Cumberland Farmers. .
Dominion Fire
Dom. of Canada Guar, and Acct
P'ire Insurance Co. of Canada
Genera! Accident of Canada
Globe Indemnity ;
Grain Insurance
Guardian Ins. Co of Canada
Halifax Fire
Hudson Bay
Imperial Guarantee and Acc't
Imperial Underwriters
Kings Mutual
Liverpool Manitoba
London & Lancashire Guarantee & Acc't
London Mutual
Mercant ile
Mount Royal
Mutual Fire
North American Accident
North Empire
North West
Occidental
Pacific Coast
Pacific Marine
Pictou County Farmers
Quebec
Reliance
Scottish Canadian
Western
S cts.
233,766
3,326
34,759
3,021,123
246,936
477,902
120,514
204,988
68,353
377,434
118,211
2,503
None.
1,906
436,154
78,343
184,6.36
48,036
193,181
201,490
259,212
30,759
228,808
None.
1.50,047
21,780
314,402
None.
609,966
360,788
700,794
20.253
None.
158,083
168,176
247,729
251,534
9,017
4,364
376,748
486
None . ,
3,746,314
(e)
i cts.
35,152 99
None.
None.
992,757 48
None.
None
387,441 36
None.
285,123 28
25,154 52
289,414 22
None.
2.59,105 95
None.
292,509 20
821,815 57
None.
539,073 00
683,336 49
60,824 99
291,792 99
None.
None.
465,569 11
None.
None
None.
473,694 87
None.
None
28,709 93
None.
513,923 62
None.
None.
15,670 92
None.
378 80
None.
None.
NonS.
None .
,434,352 78
44 , 239
141
19,085
146,344
10,8.33
10,640
26,923
147,801
14,436
75,061
22,595
538
21,504
116
.32,617
45,720
14,126
29, 138
38,587
3,823
.33,890
22,822
12,300
21,598
22,568
1.462
48,479
15,299
19,091
25,889
84,947
3,514
20,632
17,443
20,751
.36.. 341
34,045
None
784
36,235
481
138
213,323
Totals.
13,412,836 69 7,895,802 07
1,396,918 25
(a)
(«)
(rf)
S cts.
None .
None.
1,636 34
3,151 83
2,430 00
125 00
1,617 86
3.677 00
322 40
15.824 64
None
10,381 16
2,210 93
55 00
7,653 46
1,080 00
None.
None.
None.
2,783 00
None.
62 50
607 86
306 25
None.
1.370 72
None.
None.
168 39
4 86
3,612 20
None.
None.
.557 02
10 68
None.
20,283 96
1,215 43
146 00
None.
100.000 00
None .
14,597 65
313,
3,
.56,
4,163,
260,
188,
.536,
3.56,
.368,
493.
4.30,
13,
282,
2,
768.
946,
198.
616.
915.
.53.
241
487,
172.
24.
.362.
488,
629,
386.
818.
23.
534,
176.
188.
299,
305,
10,
5.
412,
100,
5.408,
cts.
1.59 15
467 29
080 85
378 10
199 14
667 71
497 71
466 35
235 .54
475 00
220 99
423 05
821 48
078 25
934 00
959 01
763 Ifi
248 03
105 27
921 16
896 29
645 02
716 64
473 93
615 97
613 33
882 01
994 67
226 39
682 26
064 37
767 83
555 82
083 33
938 66
741 38
863 33
612 20
294 84
983 82
968 74
138 17
.588 91
195.892 14 22,901,449 15
(a) Premium on capital stock.
(b) Ca.sh dividends received from Mutual reinsuring companies.
((•) Profit on sale of .securities.
(d) Including $442.86 profit on sale of securities.
(e) Including $2,825 policy fees.
(/) Including 861.79 profit on -sale of securities.
(a) Including $14,0.54.22 profit on sale of securities.
Received on account of capital stock not included in income; —
Beaver Fire. .S21,035; British Colonial, !551.620; Cantula National, $23,778.15; ("anada Security, $25,000; Dominion
Fire, $1,750; Dominion of Canada Guarantee and Accident $1,080; Grain Insurance, $165,1.50; Fire Insurance
Co. of Canada, $7,480; Hudson Bav, $85„540; Mutual Fire, $7,505.88: Occidental, $25,237.30;
Reliance, $200,000; .Scottish Canadian, $1.50,000; Pacific Coast, $4,089.
ABSTRACT OF STATEMENTS
SESSIONAL PAPER No. 9
panies transacting Fire, Marine and other Insurance.
67
AND EXPENDITURE, 1920
EXPENDITURE (CASH).
e Excess of
Dividends or
Gener.^l Expenses.
Expenditure
Premiums
e
Excess of
Paid
Bonus to
(F
RE.)
on Account
Total
received over
ncome over
for losses.
(Fire.)
shareholders.
(Fire and
of Branches
other than
Expenditure.
Losses paid.
(Fire.)
Expenditure.
No
Commission
other).
or
Other.
Fire & Life.
—
d The Reverse.
Brokerage.
dThe Reverse.
$ cts.
$ cts.
$ cts.
$ cts.
$ cts.
S cts.
S cts.
$ cts.
100,857 87
24,000 00
34,076 .52
60,466 71
16,790 17
236,191 27
e 1.32,908 73
e
76,967 88
1
1,170 25
None.
337 59
307 17
None .
1.815 01
e 2,155 88
e
1,652 28
2
7,079 71
36,661 00
- 4,020 14
20,615 11
None.
60,335 68
e 27,679 80
d
4,254 83
3
1,430,202 78
38,500 00
808,033 06
1,247,355 41
601,728 89
4,125,820 14
e 1,. 590, 921 07
e
37,557 96
4
144,254 80
None .
28,098 41
71,515 30
None .
243,868 51
e. 102,681 25
e
16,330 63
5
67,182 04
None.
47,764 47
30,085 16
None.
145,031 67
e 110,720 04
e
43,636 04
6
51,097 72
4,332 00
16,123 07
46,292 63
387,102 98
504,948 40
e 69,416 85
e
31,549 31
7
61,282 15
109,278 66
24,518 44
.0)104,585 95
None .
299,665 20
e 143,706 14
e
56,801 16
8
28.404 17
25,000 00
8,024 62
54,699 91
243,188 25
359,316 95
e 39,949 54
e
8,918 .59
9
119,231 80
100,000 00
24,770 38
147,489 44
10,129 34
401,620 96
e 258,202 87
e
91,854 04
10
29,365 15
30,000 00
36,305 06
19,877 58
210,825 86
326,373 65
f 88,845 90
e
103,847 34
11
None.
None.
3,495 18
3,034 09
None.
6,529 27
e 2,503 14
e
6,893 78
12
None.
17,500 00
None.
None .
221,741 14
239,241 14
None.
e
43,580 34
13
1,238 00
None .
159 00
242 27
None.
1,639 27
e 668 47
e
438 38
w
182,430 17
None.
73,653 27
96,243 42
268,829 79
621,156 65
e 253,723 91
e
147,777 35
15
23,627 23
37,200 00
19,585 77
17,823 03
809,411 15
907,647 18
e 54,715 83
e
39,311 83
16
83,240 46
None .
18.879 38
,57,550 01
None.
159,669 85
e 101,396 05
e
39,093 31
17
16,960 22
None .
7,774 15
12,190 13
527,637 91
.564,562 41
e 31,076 20
e
51,685 62
18
63,993 68
12,000 00
38,816 94
47,240 92
711,228 05
873,279 59
e 129,187 76
e
41,825 68
19
29,002 34
None .
- 3,396 79
52,673 24
14,900 79
93,179 58
e 172,487 68
e
175,741 58
20
85,666 89
None.
49,075 02
17,145 03
311,813 60
463,700 54
e 173,545 78
e
121,195 75
21
13,200 92
19,200 00
641 81
14,679 47
None .
47,722 20
e 17,559 02
e
5,922 82
22
89,434 16
None .
34,390 65
67,429 87
None.
191,2.54 68
e ■ 139,374 22
e
60,461 96
23
None .
16,000 00
None .
None .
(b)452,148 09
468,148 09
e None .
e
19,325 84
24
67,553 85
None.
21,965 24
34,336 80
None.
123,855 89
e 82,493 40
e
48,760 08
25
4,231 80
None.
None.
5,775 86
None.
10,007 66
( 17,548 22
e
14,605 67
26
96,659 31
34,565 62
38,165 07
71,601 78
None.
240,991 78
e 217,742 90
e
121,890 23
27
None .
40,000 00
None.
None .
460,660 91
.500,660 91
e None .
d
11,666 24
28
263,156 59
2,750 00
103,030 17
171,933 91
None .
540,870 67
e 346,810 07
e
88,356 72
29
1.54,030 82
50,000 00
77,721 17
55,714 63
None.
337,466 62
e 206,757 27
e-
49,216 64
30
329,526 00
192,177 85
115,809 69
145,502 85
13,700 42
796,716 81
e 371,268 56
e
21,347 56
31
8,630 44
None.
9,657 87
2,680 83
None.
20,969 14
e 11,622 66
e
2,798 69
32
None.
None.
None .
None.
494,388 16
494,388 16
e None .
e
40,167 66
33
92,124 16
None. .
48,904 01
45,665 79
None .
186,693 96
f 65,958 98
d
10,610 63
34
66,738 79
12,000 00
34,511 88
31,764 01
None .
145,014 68
,' 101,438 19
e
43,923 98
35
92,206 47
None.
36,171 35
68,577 78
9,658 69
206,614 29
e 1.55,522 58
e
93,127 09
36
128,279 89
33,057 45
34,794 77
59,003 86
None.
255,135 97
e 123,254 19
e
50,727 36
37
1,105 78
None.
3,622 22
6,516 53
208 73
11,453 26
e 7,912 19
d
841 06
38
2,760 69
None.
None .
1,063 59
None .
3,824 18
e 1,603 99
e
1,470 66
39
178,862 48
75,000 00
74,157 31
68,704 21
None.
396,724 00
e 197,886 22
e
16,259 82
40
None.
None.
105 37
5,033 25
None.
5,1.38 62
e 486 93
e
96,830 12
41
None.
None.
None .
4,954 79
300 00
5,2,54 79
None .
d
5,116 62
-.2
1,602,607 78
160.000 00
668,781 62
739,870 01
2,437,840 38
5,609,099 79
e 2,143,706 95
d
200,510 88
43
5,717,397 26
1,069,222 .58
2,5.34,503 60
3,708,242 .33
8,204,233 30
21,233,599 07
7.695.439 43
e
1,667,850 08
(a) Including $39,92p.30 investment expenses.
(6) Including $2,825 policy fees retained by agents.
68
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
Table XIV. — Showing the Cash Income and Expenditure in Canada of
BRITISH COMPANIES— INCOME
INCOME (cash).
No
Companies
Net Cash
for
Premiums
(Fire)
Net Cash
for
Premiums
(Other)
Interest,
Rents and
Dividends
on Stock
(Fire and
other)
Sundry Total
(Fire and 'Cash Income.
other). I
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
Alliance
Atlas
British Crown
British General
British Traders
Caledonian
Car and General
Century
China
Commercial Union
Eagle, Star & British Dominions.
Employers Liability
Essex and Suffolk
General Accident Fire and Life. . .
Guardian Assurance
Law, Union and Rock
Liverpool and London and Globe.
London Guarantee
London and Lancashire
London Assurance
Marine
Merchants Marine
Motor Union T
National Benefit
National Prov. Plate Glass
North British and Mercantile
Northern Assurance
Norwich Union Fire
Ocean Accident and Guarantee. . .
Palatine
Phoenix of London
Provincial
Queensland
"Railway Passengers ,
Royal Exchange
Royal Insurance '. . .
Royal Scottish
Scottish Metropolitan
Scottish Union
Sun Insurance
Traders and General
Union Assurance Society
Union of Canton
Union Marine
Yangtsze
Yorkshire
$ cts.
428,771 33
751,263 24
525,288 94
107,559 57
270,719 95
523,646 40
139,339 05
291,023 09
9,935 88
183,676 17
449,391 95
832,257 75
49,392 76
581,522 69
753,853 58
339,603 26
658,181 29
859,994 64
107,974 06
634,901 29
None.
None.
None.
52,322 69
17,414 32
,252,237 62
,214,345 52
,179,151 30
367,199 06
487,715 00
,297,218 05i
153,053 131
280,674 45
None.
800,729 72
,178,. 381 93
173,357 73
119,654 39
464,627 37
842,503 65
47,903 22
778,315 59
547,273 71
None.
15,066 85
558,234 80
Totals 25,325,676 99
$ ~ cts.
415,758 69
None.
377,797 02
None.
239,272 68
None.
371,554 69
None.
None.
None.
116,170 94
1,615,564 20
None.
259,069 83
None.
139,519 01
None.
781,413 26
50,414 65
5,519 45
109,293 67
None.
176,756 00
4,883 00
17,890 85
None.
110,126 61
421,622 54
892,769 39
5,941 37
None.
None.
None.
375,232 40
197,589 04
None.
None.
2.52,411 94
30,420 37
None.
7,089 69
16,012 94
352,832 91
20,414 03
None.
267,925 33
7,631,866 50
$ cts.
530 70
30,751 65
22,815 13
171 08
2,659 02
26,326 09
39,224 37
1,792 33
None.
72,458 47
4,560 02
2,713 11
2,399 49
31, 533 02
28,408 27
607,630 01
116,800 35
26,322 65
30,4.59 18
26,419 16
2,846 60
None.
1,870 02
None.
1,510 99
73,811 80
56,956 40
67,414 15
17,728 44
25.811 27
76,600 24
1,412 13
2,407 18
831 69
23,002 09
196,798 91
4,029 99
643 12
112,862 21
23,757 67
30 70
39,969 89
32,597 48
3,356 65
1,799 22
174,692 83
$ cts-.
None .
None.
None.
None.
None.
None.
None.
None.
None.
None.
None.
None.
None.
(a) 408 16
None.
1 00
None.
None.
27 18
None. I
None .
None. I
None . '
10,761 57:
None.
None.
333 24
198 13
26 40
None.
6 00
None.
None .
None .
None.
None .
None.
None.
32 19
18 00
None.
2 93
■ None .
None.
None.
None.
f cts.
845,060 72
782,014 89
925,901 09
107,730 65
512,651 65
549,972 49
550,118 11
292,815 42
9,935 88
1,256,134 64
570,122 91
2,450,535 06
51,792 25
872,. 533 70
1,782,261 85
1,086,753 28
1,774,981 64
1,667,730 55
1,188,875 07
666,839 90
112,140 27
None.
178,626 02
67,967 26
36,816 16
1,-326,049 42
1,381,761 77
1,668,386 12
1,277,723 29
519,467 64
1.373,824 29
154,465 26
283,081 63
376,064 09
1,021,320 85
2,375,180 84
177,387 72
372,709 45
607,942 14
866,279 22
.55,623 61
834,301 35
932,704 10
23,770 68
16,866 07
1,000,852 96
2,016,715 67 11,814 80 34,986,073 96
(a) Including $372. 16 profit on sale of securities.
ABSTRACT OF STATEMENTS
SESSIONAL PAPER No. 9
British Companies transacting the Business of Fire and other Insurance.
,69
AND EXPENDITURE, 1920.
EXPENDITURE (CASH).
e Excess of
e
General Expenses
Expenditure
Premiums
Excess of
Paid
(Fire).
on account
Total
received
[ncome over
for losses
of Branches
Cash
over Losses
Expenditure
No.
(Fire)
Commission
other than
Expenditure
paid. (Fire)
or Brokerage
Other
Fire and Life
d The Reverse
d The Reverse
$ cts.
$ cts.
$ cts.
S cts.
$ cts.
S cts.
1 cts.
190, 882 46
99,319 61
57,955 78
361,375 08
709,532 93
e
237,888 87
e
135,527 79
1
264,202 29
147,924 45
105,787 76
None .
517,914 50
e
487,060 95
e
264, 100 39
2
275,316 64
141,657 54
71,465 76
249,017 78
737,457 72
e
249,972 30
e
188,443 37
3
29,151 89
25,859 92
18,325 44
None .
73,337 25
e
78,407 68
e
34,393 40
4
123,954 49
70,818 61
32,436 32
185,386 52
412,595 94
e
146,765 46
e
100,055 71
5
213,115 13
99, 123 24
93,467 17
None.
405,705 54
e
310,531 27
e
■ 144,266 95
6
45,410 76
31,973 86
21,481 15
255,084 37
353,950 14
e
93,928 29
e
196,167 97
7
118,631 55
87,876 68
14,564 61
None.
221,072 84
e
172,391 54
e
71,742 58
8
554 29
2,247 42
1,350 32
None .
4,152 03
e
9,381 59
e
5,783 85
9
582,640 36
241,212 34
154,109 95
None.
977,962 65
e
601,035 81
e
278,171 99
10
161,873 03
105,418 56
61,054 05
87,815 25
416,160 89
e
287,518 92
e
153,962 02
11
401,723 40
168,205 57
176,644 46
1,461,810 69
2,208,384 12
e
430,534 35
e
242,150 94
12
4,376 88
13,528 65
11,480 69
None.
29,386 22
e
45,015 88
e
22,406 03
13
273,127 72
128,369 41
78,303 94
174,421 73
654,222 80
e
308,394 97
e
218,310 90
14
740,269 95
341,204 83
183.089 65
None.
1,264,564 43
e
1,013,583 63
e
517,697 42
15
117,766 16
72,952 31
70,703 52
154,047 92
415,469 91
e
221,837 10
e
671,283 37
16
735,059 68
326,222 35
240.477 07
None.
1,301,7.59 10
e
923,121 61
e
473,222 54
17
531,889 80
211,525 73
85,968 47
709,396 56
1,538,780 56
e
328,104 84
e
128,949 99
18
549,922 46
223,297 00
177,160 99
35,668 84
986,049 29
e
558,051 60
e
202,825 78
19
220,439 87
129,310 31
105,659 62
1,690 59
4.57,100 39
e
414,461 42
e
209,739 51
20
None.
None.
None.
84,278 52
84,278 52
None .
e
27,861 75
21
None.
None .
None.
None.
None.
None.
None.
22
None
None.
None.
159,831 57
1.59,831 57
None.
e
18,794 45
23
18,402 75
17,441 73
8,905 82
5,850 02
.50, 600 32
e
33.919 94
e
17,366 94
24
61 73
3,735 37
4,407 29
29,277 83
37,482 22
e
17,352 59
d
666 06
25
636,982 77
240,088 73
170,595 85
None.
1,047,667 35
e
615,254 85
e
278,382 07
26
577,075 40
236,131 98
160,767 79
111,002 57
1,084,977 74
e
637,270 12
e
296,784 03
27
485, 156 94
228,640 50
227,699 42
391,7.35 05
1,3.33,231 91
e
693,994 36
e
335,154 21
28
171,549 10
75,373 18
72,768 72
789,793 04
1,109,484 04
e
195,649 96
e
168,239 25
29
246,558 21
102,362 53
65,425 44
4,126 88
418,473 06
e
241,156 79
e
100,994 58
30
363,526 77
284,387 60
187,631 12
None.
835,545 49
e
933,691 28
e
538,278 80
31
54,634 93
41,445 13
11,514 45
None.
107,. 594 51
e
98,418 20
e
46,870 75
32
106,359 14
84,897 44
18,632 35
None .
209,888 93
e
174,315 31
e
73,192 70
33
None.
None.
None.
319,548 85
319,548 85
None.
e
56,515 24
34
351,553 27
174,724 16
88,034 13
182.193 18
796,504 74
e
449,176 45
e
224,816 11
35
856,798 88
393,845 80
366,393 83
None.
1,617,038 51
e
1,321,583 05
e
758,142 33
36
58,486 33
43,795 65
44,674 71
None.
146,956 69
e
114,871 40
e
30,431 03
37
24,365 63
22,671 27
40,086 46
200,469 18
287,592 54
e
95,288 76
e
85,116 91
38
175,580 51
104,867 71
.56,499 21
30.708 39
367,655 82
e
289,046 86
e
240,286 32
39
363,051 71
171,139 19
129,199 39
None.
663,. 390 29
e
479,451 94
e
202,888 93
40
4.656 48
23,254 32
6,983 90
7,689 60
42,584 30
e
43,246 74
e
13,039 31
41
305,608 73
145,367 25
111,725 87
4,729 61
567,431 46
e
472,706 86
e
266,869 89
42
255,081 40
144,684 55
55,795 54
345.784 55
801,346 04
e
292,192 31
e
131,358 06
43
None.
None.
None.
16,310 95
16,310 95
None.
e
7,459 73
44
443 81
3,760 72
763 88
None.
4,968 41
e
14,623 04
e
11,897 66
45
318,641 63
166,317 06
26,531 30
245,547 82
757,037 81
e
239,593 17
e
243,815 15
46
10,954,884 93
5,376,980 26
3,616,523 19
6,604,592 94
26,552,981 32
e
14,370,792 06
e
3,433.092 64
70
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
Tablk XV. — Showing the Cash Income and Expenditure in C'anada of
FOREIGN COMPANIES-INCOME
INCOME (cash)
No.
Companies
Net Cash
for
Premiums
(Fire).
Net Cash
for
Premiums
(Other).
Interest
Rents and
Dividends
on Stock
(Fire and
other).
Sundry
(Fire and
other).
Total
Cash Income
1
$ cts.
569,474 89
31,558 49
204,366 59
6,389 19
256,985 13
78,596 39
63,488 87
17,534 46
122,265 40
18,046 76
107,106 27
41,005 18
43,094 59
7,801 39
201,203 64
557,938 73
62,636 11
524,319 75
77,237 46
251,654 38
144,731 22
171,370 06
36,528 35
237,815 53
1,077,859 22
611,854 63
1,167 63
1,391,844 94
1,831,666 84
978,756 62
202,373 57
240,629 63
193,695 07
74,155 94
36,611 33
107,965 61
40,036 71
1,167 63
173,030 34
774,725 58
606 59
290,803 52
626,079 75
115,607 84
90,235 41
84,437 81
363,332 79
98,939 60
312,456 02
204,954 54
468,319 37
320,332 04
806,786 73
1,167 63
429,363 10
451,810 39
None
111,869 11
7,629 22
332,612 73
173,016 41
97,917 51
288,789 34
$ cts.
38,900 90
None
24,306 34
363 84
3,534 70
None
None
3,210 47
None
None
None
None
93,202 47
None
176,316 78
192,561 56
509 83
195,014 37
None
38,154 87
None
None
None
231,510 40
113,168 38
160,097 43
None
890,703 65
929,869 64
136,073 96
1,466 04
None
None
None
None
105,042 61
None
None ..
71 09
962 74
None
1,443 37
None
2,805 34
None
5,493 24
16,492 60
5,578 93
40,927 92
None
200,557 83
34,896 23
80,596 90
None
117,216 87
12,131 68
None
None
None
None
4,156 31
None
177,624 96
$ cts.
29,414 78
1,849 20
6,025 00
1,650 00
8, 189 22
2,993 20
2,920 00
3, 136 .32
2,965 70
2,933 34
7,008 38
171 06
4,965 52
700 00
23,955 49
24,236 76
11,541 35
30,352 62
2,492 43
10,533 74
319 55
717 46
77 72
19,434 26
50,301 19
38,672 44
None
138,436 00
116,369 07
38,765 83
9,488 86
8,243 53
3,987 50
2,062 50
850 00
1,578 44
2,861 38
None
13,218 43
38,753 48
None
13,235 76
8,075 50
2,351 52
3,309 35
1,085 53
14,104 70
1,172 05
9,477 43
538 83
55,842 .57
9,172 50
34,691 58
None
22,397 71
25,505 96
None
4,649 76
3,323 54
4,828 65
5,418 75
3,477 60
14,070 09
$ cts.
None
7,567 69
None
None
None
None
None
None
None
None
None
None
None
None
No^e
None
None
None
None
None
None
None
None
None
None
201 68
None
None
None
None
None
None
None
None
None
None
None
None
None
None
None
None
None
None
None
None
None
None
None
None
None
None
None
None
None
None
None
None
None
None
None
None
None
i cts.
637,790 57
2
40,975 38
3
234,697 93
4
8,403 03
5
268,709 05
6
81,589 59
7
66,408 87
8
23,881 25
9
10
Boston ,
125,231 10
20,980 10
11
114,114 65
12
13
14
15
16
41,176 24
Columbia.
141,262 58
8,. 501 39
401,475 91
774,737 05
17
74,687 29
18
Fidelitv-Phenix
749,686 74
19
79,729 89
''0
300,342 99
21
145,050 77
22-
172,087 52
23
36,606 07
24
Glens Falls r
488,760 19
25
1,241,328 79
26
810,826 18
27
1,167 63
28
2,420,984 59
29
30
2,877,905 55
1,1.53,596 41
31
213,328 47
32
33
Lumbermen's Underwriting Alliance
248,873 16
197,682 57
34
76,218 44
35
37,461 33
36
214,586 66
37
42,898 09
38
1,167 63
39
186,319 86
40
814,441 80
41
606 59
42
305,482 65
43
634,155 25
44
120,764 71
45
93,544 76
46
91,016 58
47
393,930 09
48
105,690 .58
49
362,861 37
50
205,493 37
51
724,719 77
52
364,400 77
53
922,075 21
54
1,167 63
55
568,977 68
56
489,448 03
57
None
58
116,518 87
59
Tokio
10,952 76
60
337,441 38
61
United States Fire
182,591 47
62
101,395 11
63
480,484 39
Totals
17,247,757 58
4,034,964 25
898,901 13
7.769 37
22,189,392 33
ABSTRACT OF STATEMENTS
71
SESSIONAL PAPER No. 9
Foreign Companies transacting the Business of Fire and other Insurance.
AND EXPENDITURE, 1§20.
EXPENDITURE (CASh).
e Excess of
General Expenses
E.xpenditure
Premiums
(Fire).
on account
Total
received
e Excess of
Paid
for losses.
of Branches
other than .
Cash
Expenditure
over Losses
paid.
Income over
Expenditure
Commission
No.
(Fire).
or Brokerage.
Other
Fire and Life
(Fire)
d The Reverse
d The Reverse.
$ cts
$ cts.
$ cts.
S cts.
$ cts.
$ cts.
S cts.
224,575 62
118,741 89
52,898 37
24,888 71
421,104 59
e
344,899 27
e 216,685 98
1
3,567 85
9,098 86
2,394 29
None
15,061 00
e
27,990 64
e 25,914 38
2
106,055 06
53,014 80
13,197 91
17,395 52
189,663 29
e
98,311 53
e 45,034 64
3
951 52
1,821 39
445 09
144 44
3,362 44
e
5,437 67
e 5,040 59
4
98,252 45
.56,520 38
3,829 45
1,400 23
160,002 51
e
158,732 68
e 108,706 54
5
35,509 84
17,516 19
13,273 73
None
66,299 76
e
43,086 55
e 15,289 83
6
22,871 18
19,770 28
4,128 16
None
46,769 62
e
40,617 69
e 19,639 25
7
6,652 27
Z,m 67
2,336 39
4,664 59
17,494 92
e
10,882 19
€ 6,386 33
8
68.794 89
31,260 17
12,0«7 49
None
112,122 55
e
53,470 51
e 13,108 55
9
244 23
3,066 36
11,720 99
None
15,031 58
e
17,802 53
e 5,948 52
10
21,358 78
24,735 48
12,978 01
None
59,072 27
e
85,747 49
e 55,042 38
11
9,580 51
11,548 75
2,137 61
None
23,266 87
e
31,424 67
f 17,909 37
12
4,104 20
10,039 79
14,907 60
72,117 85
101,169 44
e
38,990 39
e 40,093 14
13
1,711 09
1,963 57
662 21
None
4,336 87
e
6,090 30
.: 4,164 52
14
75,579 47
51,289 56
47,799 35
150,999 99
325,668 37
e
125,624 17
e 75,807 54
15
282,606 68
112,629 19
107,624 20
145,870 49
648,730 56
e
275,332 ^5
e 126,006 49
16
19,973 02
18,794 94
463 45
102 82
39,334 23
e
42,663 09
e 35,353 06
17
284,528 57
111,598 88
118,900 12
148,962 20
663,989 77
e
239,791 18
fi 85,696 97
18
29,074 48
21,316 41
6,709 72
None
57,100 61
e
48,162 98
e 22,629 28
19
232,112 51
57,556 32
26,998 36
31,337 81
348,005 00
e
19,541 87
e 47,662 01
20
63,711 89
34,281 24
16,788 31
None
114,781 44
e
81,019 33
e 30,269 33
21
70,446 07
39,704 61
26,765 70
None
136,916 38
e
100,923 99
e 35,171 14
22
17,843 80
8,056 34
5,158 27
None
31,058 41
e
18,684 55
e 5,547 66
23
109,916 65
57,410 14
27,723 11
222,101 53
417,151 43
e
127,898 88
e 71,608 76
24
429,859 66
•208,470 03
122,132 12
36,825 61
797,287 42
e
647,999 56
e 444,041 37
25
369,239 25
148,. 379 00
60,102 26
119,728 70
697,449 21
e
242,615 38
e 113,376 97
26
92 84
388 01
2,713 09
None
3,193 94
e
1,074 79
d 2,026 31
27
642,533 16
278,716 16
184,855 42
653,790 08
1,759,894 82
e
749,311 78
e 661,089 77
38
947,548 90
423,290 09
229,470 .55
814,157 84
2,414,467 38
e
884,117 94
e 463,438 17
29
468,910 56
252,825 93
74,237 25
95,466 78
891,440 52
e
509,846 06
e 262,155 89
30
75,415 74
51,881 05
45,896 63
342 65
173,536 07
e
126,957 83
e 39,792 40
31
187,507 21
None
73,628 23
None
261,135 44
e
53,122 42
d 12,262 28
32
63,675 16
None
66,230 12
None
129,905 28
e
130,019 91
e 67,777 29
33
46,456 31
None
18,464 67
None
64,920 98
e
27,699 63
e 11,297 46
34
3,576 36
8,736 88
1,436 47
None
13,749 71
e
33,034 97
e 23,711 62
35
46,415 72
26,231 83
18,724 00
89,539 09
180,910 64
e
61,549 89
e 33,676 02
36
45,851 37
10,617 66
3,909 07
None
60,378 10
d
5,814 66
d 17,480 01
37
92 84
388 01
2,713 09
None
3,193 94
e
1,074 79
d 2,026 31
38
.56,925 31
33.105 17
36,928 22
3,159 58
130,118 28
e
116,105 03
e 56,201 58
39
395,686 71
146,080 17
205,629 81
239 71
747,636 40
e
379,038 87
e 66,805 40
40
None
100 43
5,016 34
None
5,116 77
e
606 59
d 4,510 18
41
115,745 66
70, 188 92
21,369 04
921 70
208,225 32
e
175,057 86
e 97,257 33
42
260,340 20
67,190 87
82,602 .32
None
410,133 39
e
365,739 .55
e 224,021 86
43
.38,716 59
16,771 17
23,624 55
1,444 27
80,556 58
e
76,891 26
e 40,208 13
44
50,769 49
22.659 89
10,. 529 09
None
83,958 47
e
39,465 92
e 9,. 586 29
45
17,261 98
25,341 70
3,203 83
7,014 02
52,821 53
e
67, 175 83
e 38,195 05
46
164,107 64
67,206 96
70,335 44
14.5^26 12
316,176 16
e
199,225 15
e 77,753 93
47
15,820 54
1,247 91
22,626 47
6,074 49
45,769 41
e
83,119 06
e 59,921 17
48
103.624 41
70,479 85
55,477 34
32,228 58
261,810 18
e
208,831 61
e 101,051 19
49
80,390 53
58,962 53
31,880 67
None
171,233 73
e
124,. 564 01
e 34,259 64
50
161,423 07
104,701 43
88,240 64
167,488 92
521,854 06
e
306,896 30
e 202,865 71
51
158,935 09
31,815 94
15,596 61
26,985 80
233,333 44
e
161,396 95
e 131,067 33
42
308,697 52
162,430 34
134,214 90
72,532 09
677,874 85
e
498,089 21
e 244,200 36
53
92 84
388 01
2,713 09
None
3,193 94
e
1,074 79
d 2,026 31
54
167,945 22
86.026 78
70,095 31
99,335 47
423,402 78
e
2«1,417 88
e 145,574 90
55
214,029 41
95,638 98
44,802 00
821 90
355,292 29
e
237,780 98
e 134,155 74
56
None
971 18
1,934 98
None
2,906 16
None
d 2,906 16
57
38,423 42
22,568 05
5,592 77
None
66,584 24
e
73,445 69
e 49,934 63
58
499 07
839 39
155 00
None
1,493 46
e
7,130 15
e 9,459 30
59
161,733 79
62,575 53
53,456 15
None
277,765 47
e
170,878 94
e .59,675 91
60
15,358 67
52,398 75
4,136 85
750 66
72,644 93
e
157,657 74
e 109,946 54
61
.30,217 05
28,007 79
5,822 62
None
64,047 46
e
67,700 46
e 37,347 65
62
109,850 49
77,193 77
36,663 67
140,222 71
363,930 67
e
178,938 85
e 116,553 72
83
7,783,792 41
3,590,393 37
2,469,068 57
3,203,582 98
17,046,837 33
e
9,463,965 17
e 5,142,555 00
72
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
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11 GEORGE V, A. 1921
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79
SESSIONAL PAPER No. 9
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80
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
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ABSTRACT OF STATEMENTS
SESSIONAL PAPER No. 9
O >-• (M CO "^ >0 O
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82
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
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ABSTRACT OF STATEMENTS
83
SESSIONAL PAPER No. 9
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84
DEPARTMENT OF INSURANCE
♦-r*- CD •"•
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11 GEORGE V, A. 1921
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ABSTRACT OF STATEMENTS
85
SESSIONAL PAPER No. 9
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86
DEPARTMENT OF INSURANCE
11 GEORGE V. A. 1921
Table XXII — Premiumfl Earned and Losses Incurred, 1920.
CANADIAN COMPANIES— IN CANADA.
(All reinsurance deducted.)
No.
Companies.
Premiums
Earned.
Losses
Incurred.
Rate of Losses
incurred
per cent of
Premiums
Earned.
The same
for 1919.
No.
1
$
224,361
1,572
35,783
784,852
203,860
80,066
88,403
184,367
52,442
336,672
92,524
610
None.
1,751
372,666
50,999
140,027
30, 554
162,698
100,959
75,934
26,749
202,074
None.
131,073
16.219
205,417
None.
496,013
322,328
591,008
16,418
None.
143,510
153,501
227,017
155,936
2,881
3,465
331,458
311
None.
825,934
t
101,816
1,000
7,950
331,444
118,831
61,753
55,618
66,555
38,291
121,107
38,878
None.
None.
1,238
193,225
23,733
81,469
17,207
67,643
53,702
30,452
17,450
94,264
None.
72,503
4,232
98,656
None.
247,512
133,943
292,222
8,630
None.
100,849
66,177
103,387
60,948
1,107
2,761
178,604
None.
None.
392,013
%
45.38
63.61
22.22
42.22
58.29
77.13
62.91
36.10
73.01
35.97
42.02
%
56.56
64.. 38
22.42
47.64
61.90
44.90
38.87
33.59
24.88
32.46
32.38
1
?
•>
3
3
4
4
5
5
6
6
7
7
8
8
fl
9
in
10
11
1?
Canadian Indemnity
11
1'
13
rijuiaHian Siir(»ty
13
14
70.70
51.85
46.54
58.18
56.32
41.58
53.19
4010
65.24
46-65
29
45.. 48
25.39
26.04
34.06
47.71
14
15
15
16
17
Dominion of Canada Guarantee and Accident
Fire Insurance Co. of Canada
16
17
18
IS
IP
19
20
''O
21
69-14
38-29
59-50
21
n
n
23
?3
24
?4
25
55-31
2609
37-17
46-73
20-11
42-61
25
26
27
King's Mutual
26
27
28
London & Lancashire Guarantee & Accident
28
W
49-90
41-55
49-44
52-56
50-21
44-20
51-38
30-00
29
30
Mercantile
30
31
31
3?
3?
33
33
34
70-27
43-11
45-54
39-09
38-42
79-68
53-88
54-65
49-46
49-64
28-34
34
35
North West
35
36
36
37
Pacific Coast
37
38
38
39
30-91
38-73
39
40
Quebec
40
41
41
4?
4?
43
Western
47-46
48- 17
43
Totals
6,932,411
3,287,170
47-42
45-80
ABSTRACT OF STATEMENTS 87
SESSIONAL PAPER No. 9
Table XXIII — Premiums Earned and Losses Incurred, IQ20-—Contimied.
BRITISH COMPANIES— IN CANADA.
(Licensed reinsurance deducted.)
No.
Companies.
Premiums
Earned.
Losses
Incurred.
Rate of Losses
incurred
per cent of
Premiums
Earned.
The same
for 1919.
No.
1
$
383,032
664,690
458,671
57,984
216,515
469,365
109,726
245,378
6,773
1,141,600
361,247
730.699
27,505
505,861
1,579,712
312,273
1,534,027
740,541
1,023.152
524.547
None.
None.
None.
26,454
8,318
1,142,563
1,094,352
1,024,067
314,966
428,334
1,322,353
117.325
236,288
None.
697,730
1,894,370
92,483
69,732
441,895
779,657
33,557
732,529
485,593
None.
10,137
493,959
S
207,819
273,737
335,749
33,795
121,630
207,469
46,992
140,329
2,054
580,044
180,378
415,143
7,305
286,623
705,351
134,310
739,516
513,469
434,044
245,994
None.
None.
None.
39,427
62
575,811
594,964
455,396
165,508
249.920
402.096
64,452
121,608
None.
350,864
897,251
80,467
34,243
195,186
352,118
7.789
320,589
277,272
None.
444
364,061
%
54-26
41-18
73-20
58-28
56-18
44-20
42-83
57-19
30-33
50-81
49-93
56-81
26-56
56-66
44-65
43-01
48-21
69-34
52-20
46-90
%
31-70
50-29
45-93
1
7!
Atlas
2
3
British Crown
3
4
British General
4
5
42-35
35-74
69-72
38-01
5
fi
7
7
8
8
9
China
9
in
39-21
41-83
44-31
10
11
Eagle, Star and British Dominions
11
1''
12
13
Essex and Suffolk
13
14
41-94
47-08
25-94
48-02
59-88
43-98
29-74
14
15
15
1R
16
17
17
18
18
19
19
?n
20
?1
Marine
21
m
Merchants' Marine
22
n
23
?4
149-04
75
50-40
54-37
44-47
52-55
58-35
30-41
54-93
51-47
55-19
24
?.n
National Prov. Plate Glass
25
26
27
28
29
30
North British and Mercantile
Northern Assurance ,
Ocean Accident and Guarantee
44-79
44-19
47-15
44-28
37-14
45-10
34-62
54-59
26
27
2S
29
30
31
Phosnix of London
31
^9
32
33
33
34
Railway Passengers
34
35
50-29
47-36
87-01
49-11
44-17
45-16
23-21
43-76
57-10
40-92
47-94
35
3fi
36
37
37
38
21-47
34-99
49-91
38
3P
39
40
40
41
Traders and General
41
4?
48-91
38-82
42
43
43
44
44
45
4.38
73-70
45
4fi
43-35
46
Totals
22,539,960
11,261,279
49-96
44-39
88
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
Table XXIV — Premiums Earned and Losses Incurred 1920 — Concluded.
FOREIGN COMPANIES-IN CANADA.
(Licensed reinsurance deducted.)
No.
Companies.
Premiums
Earned.
Lossea
Incurred.
Rate of Losses
incurred per cent
Premiums
Earned.
The same
for 1919.
No.
1
.Etna
$
500, 167
26,291
166,230
5,916
176,389
47,888
67,942
18,606
111,226
8,813
87,537
25,069
32,844
8,160
197,406
493,563
55,839
475,169
74.920
252,185
119,793
153,334
22,576
225,700
1,090,362
547,765
1,415
1,255,816
1,607,972
865-778
192,665
197,659
170,589
66,090
30,906
84,302
40,370
1,415
147,252
689,467
-259
244, 722
540,227
79,882
81,292
111,372
324,586
57,108
274,540
178,051
434,362
298,950
745,468
1,415
414,759
407,574
887
90,451
2,311
289,942
103,345
75,319
266,443
s
255,159
4,581
109, 103
1,873
114,345
40,789
22,880
6,595
79,680
996
18,952
9,581
8,719
1,761
80, 105
281,352
22,091
302,807
30,377
188,120
88,917
78,706
22,492
99,635
497,082
412,773
93
693,696
1,021,019
468,907
92,176
187,507
58,675
46,586
6,032
68,651
28,284
93
57,535
434,604
2,000
139,898
285,900
41,745
51,693
18,864
162,524
41,121
106,488
87,530
160,546
161,866
328,443
93
162,899
259,642
None.
44,173
5,999
171,901
60,956
38.592
116,881
%
51-01
%
44-63
.35-28
33-54
46-21
39-91
1
?
17-
65
31-
64
85
33
35
71
11
21
38
26
21
40
57
39
63
40
74
74
51
99
44
45
75
6
55
63
54
47
94
34
70
19
69
70
6
39
63
42
63
66
83
18
68
45
64
30
65
22
55
58
58
00
56
73
55
60
23
33
63
14
59
35
57
24
50
16
84
86
40
49
52
57
06
57
07
03
2
3
3
4
American Alliance
4
5
6
6
6
7
34-50
17-13
55-27
7
8
8
9
9
in
10
11
3007
13-67
11
12
12
13
13
14
1^ 7-60
40-32
;- 43-21
44-10
F3 4M8
37-67
61^86
19-56
38-11
67-60
39-42
45-22
■ 57-69
14
16
16
16
16
17
17
18
Fidelitv-Phenix
18
Ifl
19
20
20
21
21
?,2
22
23
23
24
Glens Falls
24
25
Globe and Rutgers
26
2fi
26
27
27
28
41-81
[ i 42-19
}'' ' ■ 45-92
• 'I 40-75
28-31
" n 124-69
28
29
29
,10
30
31
31
32
33
Lumbermen's Underwriting Alliance
32
33
"^4
34
35
66^68
22-96
65-18
36
36
Merchants Fire
36
37
37
38
38
39
National-Ben Franklin
36-54
30-50
39
40
National Fire of Hartford
40
41
41
42
57
52
52
63
■16
50
72
38
49
36
54
44
6
39
63
17
92
26
59
94
07
01
79
16
-96
•14
06
57
•28
•70
42-27
46-51
38-27
48-51
6-52
42-17
47
31-87
4M7
40-81
55-87
48-06
''46-68'
50-12
42
43
La Nationale
43
44
44
46
46
46
46
47
47
48
48
49
Northwestern National
49
60
60
61
61
62
Pro\adence Washington
62
63
Queen of America
63
64
64
66
St. Paul Fire and Marine .
56
66
66
67
Sterling
67
68
Stuy vesant
48
259
59
58
61
43
-84
-58
■29
■98
-24
-87
40-74
68
69
Tokio
69
60
L' Union of Paris
31-25
2-64
27-82
46-70
60
61
United States Fire
61
62
Vulcan
62
63
Westchester
63
Totals
15,366,133
8,383,080
54-56
"43-58
RECAPITULATION.
Canadian Companies
6,932,411
22,539,960
15,366,133
3,287,170
11,261,279
8,383,080
47-42
49-96
54-56
45-80
44-39
Foreign Companies
43-58
Totals
44,838,504
22,931,529
51-14
44-40
ABSTRACT OF STATEMENTS
SESSIONAL PAPER No. 9
89
Table XXV. — Premiums Earned and Losses Incurred on One Year or Less and All Other
Business, 1920.
CANADIAN COMPANIES— IN CANADA.
(A II reinsurance deducted.)
No
One year or less
Premiums
Earned
Losses
Incurred
Rate of
Losses
Incurred
per cent of
Premiums
Earned
All others
Premiums
Earned.
Losses
Incurred
Rate of
Losses
Incurred
per cent of
Premiums
Earned
No.
Companies.
Acadia Fire
Antigonish Farmers
Beaver Fire ,
British America
Biitish Colonial
British Northwestern.
Canada Accident & Fire
Canada National
Canada Security
Canadian Fire
Canadian Indemnity
Canadian I^umbermen's
Canadian Surety
Cumberland Farmers
Dominion Fire
Dom. of Canada Gtee & Acc't
Fire Ir.surance Co. of Canada
General Accident of Canada
Globe Indemnity
Grain Insurance
Guardian Ins. of Canada
Halifax Fire
Hudson Bay
Imperial Guarantee & Acc't
Imperial Underwriters
Kings Mutual
Liverpool Manitoba
London & Lancashire G'tee & Acc't
London Mutual
Mercantile
Mount Royal
Mutual Fire
North American Accc.
North Empire
Nortn West
Occidental
Pacific Coast
Pacific Marine
Pictou County Farmers
Quebec
Reliance
Scottish Canadian
Western
Totals
139,272
None.
10,06.5
378,772
141,013
112,036
71,978
96.860
34,511
190,984
77,715
610
None.
None.
216,037
7,402
120,800
25,395
117,901
119,897
39,357
16,686
143,685
None.
89,049
None.
170,615
None .
275,709
255,192
378,819
11,403
None.
113,039
101,401
158,945
110,138
5,144
None.
246,403
294
None.
433,982
64,015
None
2,582
162,985
118,831
51,658
48,524
38,399
29,225
88,679
32,568
None.
None.
None.
88,017
879
72,390
15,121
57,779
29,002
28,635
3,037
66,345
None.
52,419
None.
73,461
None.
123,424
116,436
177,930
None.
None.
84,920
45,771
71,396
48,482
1,267
None.
149,979
None.
None.
210,671
%
45-96
25-65
43-03
84-27
46-11
67-42
39-64
84-68
46-43
41-90
40-74
11-88
59-93
59-54
49-01
24-19
75-30
18-20
46-17
58-87
43-06
44-77
45-63
46-97
75-12
45-14
44-92
44-02
24-63
60-
48-54
85,967
1,572
26,495
342,493
62,378
13,126
16,424
89,523
18,465
162,182
20,696
None.
None.
3,657
152,922
43,597
28,686
7-233
44,797
251
6,522
7,479
58,771
None.
41,989
42,003
94,803
None .
220,042
70,213
197,449
6,749
None.
29,482
49,151
65,688
48,042
906
3,465
86,073
17
None.
365,997
39-,90S
LOGO
5,418
159,888
None.
12,264
7,094
22,883
9,481
32,476
6,310
None.
None.
1,238
100,440
22,748
18,541
2,086
9,924
None.
1,817
12,307
29,799
None.
20,084
4,232
25,195
None .
125,212
21,589
92,206
8,630
None.
19,052
24,545
32,116
12,332
1
2,761
185,152
None.
None.
195,445
46-'.2
63-61
20-45
46-68
93-43
43-19
25-56
51-35
20-02
30-49
33-85
65-68
52-18
64-83
28-84
22-15
27-86
164-55
50-70
47-83
10-08
26-58
56-90
30-75
46-70
127-87
64-62
49-94
48-89
25-67
0-11
79-68
215-11
53-40
4,411,169
2,154,827
48-85
2,515,305
1,264,174
90 DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
Table XXVI — Premiums Earned and Losses Incurred on One Year or less and All other
Business, 1920. — Continued.
BRITISH COMPANIES— IN CANADA
{Licensed reinsurance deducted.)
Companies
One year or less
Rate of
Losses
Incurred
per cent of
Premiums
Earned
All other
Rate of
Losses
Incurred
per cent of
Premiimis
Earned
No.
Premiums
Earned
Losses
Incurred
Premiums
Earned
Losses
Incurred
No.
1
$
278,232
489,818
369,827
53,791
195,535
. 306,682
111,917
222,271
5,809
815,815
226,397
561,307
18,813
405,608
1,290,228
225,141
1,075,873
640,481
764,668
394,897
None.
None.
None.
$
141,120
184,392
246,190
31,510
103,520
134,776
48,196
127,307
2,054
438,040
134,787
300,392
6,957
243,659
569,298
97,748
518,197
447,251
346,360
188.731
None.
None.
None.
39,017
62
427,420
440,999
357,488
134,422
184,967
315,822
62,239
114,719
None.
259,996
611,796
77,738
33,166
148,386
251,451
6,925
238,739
267,489
None.
444
254,848
%
50-72
37-65
66-57
58-58
52-94
43-95
4306
• 57-28
35-36
53-69
59-54
53-52
36-98
60-07
44-12
43-42
48-17
69-83
45-30
47-79
$
104.007
174,872
103,604
4,193
20,955
157,954
10,938
25,531
964
325,770
136,581
169,812
8,692
91,604
289,484
87,132
446,859
90,099
254,835
129,650
None.
None.
None .
66,699
89,345
89,559
2,285
18,110
72,693
-1,204
13,022
None.
%
64-13
51-09
86-44
54-50
86-42
46-02
1
•>
Atlas. . .
2
n
3
4
4
>)
British Traders
5
6
6
7
7
S
51-00
a
9
China
9
in
142,004
45,591
114,751
348
42,964
136,053
36,562
221,319
66,218
187,684
57,263
None.
None.
None.
410
None.
148,391
153,965
97,908
31,086
64,953
86,274
2,213
6,889
None.
90,868
285,455
2,729
1,077
46,800
100,667
864
81,850
9,783
None.
None.
109,213
43-59
33-38
67-58
4-00
46-90
47-00
41-96
49-53
73-49
73-65
44-17
10
11
Eagle, Star & Br. Dominions
Employers Liability
11
12
^^
Essex & Suffolk..
13
14
General Accident Fire
14
I,";
15
10
16
17
18
Liverpool & London & Globe
17
18
19
19
?n
20
'>^
21
f)
n
23
n
?4
24
25
National Prov. Plate Glass
North British & Mercantile
13,837
813,882
861,243
730,764
249,270
334,888
877,001
102,683
215,158
None.
536,360
1,312,532
86,653
63-238
322,192
569,153
32,471
548,869
448,488
None.
9,887
358,398
■45
52-52
51-20
48-92
53-93
55-23
36-01
60-61
53-32
215
331,579
233,109
279,532
67,147
92,878
452,499
14,100
21,130
None.
174,920
580,828
5,830
6,486
119,703
210,504
1,085
168,570
36,397
None.
249
138,938
?5
26
?7
44-75
66-05
35-03
46-30
69-93
1907
15-70
32-60
26
27
?8
28
?9
Ocean, Accident & G'tee.. . . .
39
30
30
31
31
3'
32
33
33
34
34
35
Riiyal F.Tchnngp
48-47
46-61
89-71
52-45
46-06
44-18
21-33
43-50
59-64
51-95
49-15
46-81
16-60
39-10
47-82
79-63
48-56
26-88
35
36
36
37
Royal Scottish
37
38
.Scottish Metropolitan
38
39
39
40
40
41
41
42
42
48
Union of Canton. . . .
43
44
44
4')
4-50
71-11
45
46
78-61
46
16,940,077
8,538,618
50-40
5,569,235
2,722,661
48-89
This Company was unable to furnish the figures for these columns in time for insertion in this abstract.
ABSTRACT OF STATEMENTS 91
SESSIONAL PAPER No. 9
TABiiE XXVII — Premiums Earned and Losses Incurred on One Year or leas, and All othei
business, 1920 — Concluded.
FOREIGN COMPANIES— IN CANADA
(Licensed reinsurance deducted)
Companies
One year or less.
^tna
Agricultural
Alliance Insurance
American Alliance
American Central
American Equitable
American Insurance
American Lloyda
Boston
Caledonian— American
California
Citizens of Missouri
Columbia
Commercial Union of New York.
Connecticut
Continental
EquitableFire and Marine
Fidelity-Phenix . •
Fire Association of Philadelphia..
Fireman's Fund
Firemen's Insurance
General of Paris
Girard
Glens Falls
Globe and Rutgers
Great American
Hardware Dealers
Hartford Fire
Home Insurance
Insurance Co. of North America.
Insurance Co. of State of Pa .
Lumbermen's Underwriting All. .
Manufacturing Lumbermens
Manufacturing Woodworkers
Mechanics and Traders
Merchants Fire
Millers National
Minnesota Implement
National-Ben Franklin
National Fire of Hartford
National I-iberty
National Union
La Nationale
Newark
New Hampshire
New Jersey
Niagara
Northwestern Mutual
Northwestern National
Phenix of Paris
Phoenix of Hartford
Providence Washington
Queen of America
Retail Hardware
St. Paul Fire and Marine
Springfield Fire and Marine
Sterling
Rtuy vesant
Tokio
L'Union of Paris
United States Fire
Vulcan
Westchester
Premiums
Earned
Losses
Incurred
Totals
Grand Totals.
410,659
19,170
124,256
5,942
129,590
47,125
56 480
17,672
77,311
10,998
77,937
25,378
38,637
4.943
151,137
403,499
47,924
396.454
64,165
198,296
79,342
128,275
19,750
186,627
840,931
478,325
1,
982,737
1,267,094
737,677
167.156
197,600
176,652
27,008
26,414
80.281
35,948
1,398
103,681
584,408
171
215,147
430,430
62,540
64,512
91,965
295,383
60,599
202.029
146,193
307,708
215,907
542,423
1,398
353,074
338,633
1,755
85,931
S,967
227,036
10a, 295
73,645
232,615
12,490,681
33,841,928
Rate of
Losses
Incurred
per cent of
Premiums
Earned
222,713
3,915
97,429
1,873
104,489
40,426
22,328
6,595
76,017
481
13,443
9,581
8,639
1,223
59,597
249,652
17,108
273,654
25,538
166,725
62,841
68,502
21,634
88,346
405,239
370,560
93
600,065
752,491
369,424
85,190
187,a07
58,675
46,585
5,993
68,145
27,821
93
38,309
364,032
2,000
113,348
231,054
34,839
46,052
9,911
150,335
41,121
72,389
72,938
125,243
150,725
234,061
93
133,293
228,963
None
39,022
5,999
140,376
58,902
37,620
99,775
7,031,033
17,724,478
%
54-23
20-42
78-41
31-52
80-63
85-78
39-53
37-32
98-33
4-40
17-25
37-75
22-36
24-74
39-43
61-87
35.70
69 03
39-80
84-08
79-20
45-61
109-54
47-34
48-19
77-47
6-65
61-07
69-39
50 08
50-97
94-86
33-22
172-49
22-69
72-43
77-39
6-65
36-95
62-29
1,169-59
52-68
53-68
55-71
71-39
10-78
50-89
67-86
35-83
49-89
40-70
68-81
43-15
6-65
37.75
67-61
All other
Premiums
Earned
45-41
100-71
61-83
56-94
51,08
42-89
56-29
51-49
Losses
Incurred
89,507
4,
42,993
259
7,
2,855
13,117
678
33 705
684
11,208
—2,276
1,712
3,230
46,268
89,903
7,838
78,573
10, 144
53,890
40,437
31,060
2,810
39 063
136,639
68,348
17
273,080
333,774
127,875
26,261
None
None
None
1,617
4,020
4,423
17
43,571
105,074
6
31,554
109.797
12,604
15,495
22,159
29,203
1,325
72,506
31,668
127,653
29,761
203,445
17
61.910
68,940
109
4,521
418
65,911
5,744
4,879
33,828
2,668,513
10,753,053
32,446
666
11,674
None
9,856
363
552
None
3,663
512
5,509
None
80
538
20,508
31,700
4,983
29, 153
4,839
21,395
26,076
20,204
858
11.289
91,843
42,213
None
93,630
268,528
99,483
6,986
None
None
None
39
506
463
None
19,226
70,572
None
26,650
54,846
6,906
6,641
8,953
12,189
None
34,099
14,592
35,302
11,141
94,381
None
29,606
30,679
None
5,i50
None
31,525
2,054
973
17,106
Rate of
Losses
Inc'irrec
per cent of
Premiums
Earned
No.
1,352,047
5,338,882
%
36-25
13-63
27-15
124-78
12-71
4-21
10-87
74-85
49-15
4-67
16-66
44-32
35-26
63.57
37-10
47-70
39-70
64-49
65 05
30-53
28-90
67-22
61-76
34-29
80-45
77-80
26-60
2-41
1-26
1-05
44-13
67-16
84-14
49-95
55-23
36-41
40-40
41-74
47-03
46-08
27-65
37-43
46-39
47.82
44-50
113-91
47-83
35-76
19-94
50-57
50-67
92
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
Table XXVIII — Showing Risks written and Premiums charged thereon and rate of Premiums
charged per cent of Risks taken for One Year or less, and AH other business in Canada for
the Year, 1920.
CANADIAN COMPANIES— IN CANADA
One year or less
Rate of
prem-
All others
Rate of
prem-
No.
Amount
Written
Premiums
Charged
charged
per cent
of risks
taken
Amount
Written
Premiums
Charged
charged
per cen.
of risks
taken
No
1
S
28,396,046
None
5,672,477
100.053,373
28,623,904
28,530,878
26,881,092
16,078,905
22,337,446
36,805,812
9,704,823
1,818,354
None
None
30,449,2%
2,351,645
42,019,397
11,825,013
36,684,390
65,208,097
18,928,587
1,787,480
22,942,406
None
32,552,391
None
37,001,337
None
66,256,438
33,933,835
74,167,412
None
None
31,496,644
18,861,668
32,449,1.59
22,913,647
1,035,207
None
103,862,680
150, 606
None
115,447,408
$ cts.
370,674 28
None
66,574 49
942,802 79
403,475 22
247,777 65
276,432 85
247,682 83
174,712 44
515,819 58
139,199 39
43,043 46
None
None
460.352 80
23,730 00
379,890 88
107,096 79
.381,047 03
211,000 90
215,271 26
33,504 46
292,533 17
None
263,273 94
None
411,574 39
None
626,703 23
308,989 56
876,335 63
None
None
384,811 67
214,686 35
395,090 64
240,760 78
16,651 87
None
333,527 03
589 10
None
1,232,844 02
%
1 31
$
11,067,804
397,860
3,445, 5bl
40,463,683
8,708,719
5,707,590
4,196,702
10,285,339
3,960,528
17,668,224
4,040,447
None
None
190,650
34,409,932
10,200,818
7.887,181
2,771,059
8,652,716
71,200
2,447,634
1,284,985
9,712,143
None
6,274,312
1,793,825
12,yD6,896
None
49,225,154
8,451,790
33,146,836
959,061
None
5,020,058
6, 371,. 558
8,092,283
6.247,895
294,480
569,400
9,310,323
15,000
None
66,956 764
$ cts.
162,559 44
3,326 13
57,109 00
486,177 73
118.415 43
68,101 19
62,141 78
140,459 11
58,766 90
243,798 34
59,517 10
None
None
3,813 00
351,591 50
111,755 94
90,385 05
29,838 44
85,130 69
1,105 28
34,911 25
18,169 79
138,232 74
None
78,614 23
46,659 50
161,978 90
None
409,977 34
102,124 21
389,588 08
21,547 37
None
83,5.57,93
86,599 54
128,709 37
83,380 55
4.866 28
4,364 58
109.894 42
100 00
None ■
764,084 88
07
/o
1 47
1
9
1
1
1
1
1
1
1
1
1
84
66
20
36
19
48
37
48
38
47
?.
3
1
1
1
1
1
1
2
17
94
41
87
03
54
78
40
43
37
3
I
4
5
6
British Colonial
5
6
7
7
8
9
Canada National
8
9
10
in
11
11
12
1?
13
13
14
2
1
1
1
1
1
1
1
1
00
02
10
15
OS
98
55
43
41
42
14
15
1
1
1
1
1
1
51
09
94
91
04
32
14
87
28
15
16
Dominion of Canada Guarantee
16
17
18
19
Fire Insurance Co. of Canada
General Accident of Canada
17
18
19
20
20
21
22
Guardian Insurance Co. of Canada.
Halifax Fire
21
22
23
23
04
Imperial Guarantee and Accident. .
24
25
81
1
2
1
25
60
25
25
26
26
27
1
11
27
og
London and Lane. G'tee and Acc't
28
■")
1
95
91
18
1
1
1
2
02
21
18
25
29
30
30
31
31
32
32
33
33
M
1
1
1
1
1
22
14
22
05
60
1
1
1
1
1
1
66
36
59
33
65
77
18
67
34
35
North West
35
36
36
37
37
38
38
30
39
40
3
3
22
91
40
41
41
42
42
43
Western
Totals
1-07
1
14
43
.'1,107.227.753
10.838,360 48
•98
394,206,430
4,801,352 01
1
22
ABSTRACT OF STATEMENTS
SESSIONAL PAPER No. 9
93
Table XXIX— Showing Risks written and Premiums charged thereon and rate of Premiums
charged per cent of Risks taken for One Year or less, and all other business in Canada for
the Year, 1920.
BRITISH COMPANIES— IN CANADA.
No
Companies
One year or less
Amount
.Written
Premiums
Charged
Rate of
Premiums
charged
per cent of
risks
taken
All other
Amount
Written
Premiums
Charged
Rate of
Premiums
charged
per cent of
risks
taken
Alliance
Atlas
British CrowTi
British General
British Traders
Caledonian
Car & General
Century
China
Commercial Union
Eagle, Star & Br. Dom . . .
Employers Liability
Essex & Suffolk
General Acct. Fire
Guardian Assurance
Law, Union & Rock
Liverpool & London &
Globe
London Guarantee
London Lancashire
London Assurance
Marine
Merchants Marine. . :
Motor Union
National Benefit
National Prov. Plate Glass
North Br. & Mercantile... .
Northern Assurance
Norwich Union Fire
Ocean Acc't. & Guarantee.
Palatine
Phopnix of London
Provincial
Queensland
Railway Passengers
Royal Exchange
Royal Insurance
Royal Scottish
Scottish Metropolitan
Scottish Union
Sun Insurance
Traders & General
Union Assurance Society. . .
Union of Canton
Union Marine
Yangtsze
Yorkshire
35,731,722
51,755,211
52,800,152
18,857,485
25,504,049
45,422,052
63,899,082
30,903,742
860,847
113,847,818
80,901,048
81,746,801
7,935,073
52,798,052
147,310,276
34,831,308
139,434,863
73,453,515
104,450,632
53,578,537
None .
None.
None.
4,941,614
4,388,110
104,471,472
94,570,202
84,036,780
34,168,475
45,795,757
107,226,007
15,396,711
28,330,645
None
83,001,415
157,487,968
19,227,877
10,866,870
42,063,381
75,600,327
6,280,156
72,950,408
60,809,204
None.
1,202,402
35,718,664
334,182 60
645,832 62
625,835 58
150,565 28
301,202 94
476,023 55
217,139 75
366,231 45
15,159 72
1,054,156 20
526,3.59 25
789,405 96
91,090 36
541,983 56
l,670,5b3 55
303,982 00
31,421,949 60
903,189 ,32
1,019,469 90
538,257 79
None .
None.
None .
64,469 45
30,388 53
1,088,937 95
1,088,852 .52
961,197 63
354,281 88
456,300 51
1,345,763 30
148.530 94
292,969 33
None.
687,811 35
1,727,116 32
187.531 51
122,589 34
392,102 04
745,150 15
75,393 62
758,398 11
645,089 47
None.
20,526 71
460,709 67
%
14,386,711
22,705,297
11,671,549
2,574,601
2,988,500
22,387,578
3,451,216
5,588,713
172,650
37,844,108
8,922,737
22,019,645
2,153,796
9,482,222
35,707,222
9,749,805
50,1.34,037
11,452,159
31,429,865
17,963,743
None.
None.
None.
458,386
170,123
37,323,708
28,595,888
32,655,093
9,909.392
10,473,114
36,390,559
3,258,541
3,882,922
None.
25,059,3.52
79,, 348, 509
3,384,861
2,827,868
15,764,107
23,875,823
652,900
23,339,569
6,179,415
None.
102,200
17,739,954
151,896 48
258,705 30
149,082 42
29,082-27
48,167 61
244,806 30
37,787 19
57,505 14
2,632 75
461,682 08
106,361 40
238,238 45
24,358 63
120,982 06
420,544 27
122,418 74
604,200 11
133,549 05
372,871 63
198,466 45
None.
None.
None.
5,530 55
2,822 32
443,566 27
330,147 39
380,145 48
127,686 84
142,430 74
426,154 71
31,372 73
49,616 84
None.
284,810 98
902,037 87
37,204 88
32,401 79
172,363 79
309,594 84
8,197 34
261,024 19
74,233 51
None.
1,484 97
215,422 90
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
Totals 2,304,562
23,646,691 31
1-03
684,178,438
8,021,589 26
117
94
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
Table XXX. — Showing Risks written and Premiums charged thereon and rate of Premiums
charged per cent of Risks taken for One Year or less, and all other business in Canada
for the Year 1920.
FOREIGN COMPANIES— IN CANADA
One year or less
Rate of
All other
Rate of
Amount
Written
Premiums
Charged
charged
per cent
of risks
taken
Amount
Written
Premiums
Charged
charged
per cent
of risks
taken
jEtna
$
61,688,895
1,866.480
32,000,878
1,480,787
28,051,627
10,035,082
6,564,744
4,902,718
13,348,701
4,598,646
16,333,083
2,829,404
9,374,286
768,076
25,007,436
73,788.391
21,292,098
65,073,303
7,653,381
25,322,111
9,857,409
27,066,073
4,036,750
35,713,301
139,627,064
75,534,592
85,267
141,301,077
147,820,402
158,057,220
25,421,219
18,287,323
13,421,474
5,468,225
1,727,948
13,072 333
3,244,435
85,267
10,860,272
58,956,929
141,700
29,457,918
51,526,836
14,667,794
11,704,655
9,065,084
54,345,722
6,956,401
19,592,436
28,641,213
61,892,950
36,636,197
60,454,186
85,267
61,410,116
66,620,434
338,825
11,599,607
2,748,743
31,188,878
23,550,581
14,304,596
38,549,811
$ cts.
608,486 46
33,021 11
258,862 11
27,923 22
271,034 48
86,620 31
82,389 20
18,705 22
117.401 55
44,472 26
128.190 11
46,801 36
99,306 49
12,839 80
267,990 51
699,879 46
208,872 02
650,614 95
94,659 30
258,501 73
105,814 14
222.402 83
39,803 24
309,364 91
1,280,796 U
732,185 45
3,056 30
1,354,051 15
1,819,990 00
1,168,355 73
217,. 540 66
306,645 04
271,369 76
94,006 41
55,872 22
119,572 33
43,614 34
3,056 30
137,569 77
809,945 95
1,755 32
315,423 62
5.34,004 34
167,643 24
93,301 59
105,262 23
525,287 46
137,705 73
240,363 15
266,314 44
623,577 73
313,751 89
730,287 38
3,056 30
520,587 91
596,551 43
3,528 73
144. 191 08
19,436 90
322,061 55
196,664 71
130,762 01
398,801 86
erf
/c
■98
1-77
•81
1-89
•97
•86
1-26
•38
•88
•97
•78
1^65
106
1-67
1^07
•95
•98
100
1-24
1^02
1^07
•82
•99
■87
•92
•97
3^58
•96
1-23
•74
•86
1^68
2^02
r72
3^23
•91
1^34
3-58
1^27
137
1^24
1^07
1^04
M4
•80
M6
•97
1^98
1^23
•93
101
•86
1^21
3^58
•85
■90
1^04
1-24
•71
103
•81
•91
1^03
-S cts.
9,609,862
403,326
3,039,863
2,30,000
4,059,682
1,210,494
1,007,097
95,000
966,108
1,888,360
1,670,989
432,025
829,765
291,715
5,2,54 155
14,517,079
5,512,455
10,258,073
694,917
4,018,347
4,613,116
3,827,901
661,655
5,925,662
18,522,920
10,175,426
6,534
40,390,537
39,072,109
18,494,185
2,676,427
None.
None.
None.
106,680
729,117
493,990
6,534
5,996,907
19,3.34,028
27,900
5,039,965
15,095,907
3,341,724
647,588
1,751,912
5,321,474
107,100
9,238,314
4,819,576
17,. 569, 902
2,888,165
24,281,070
6,534
7,065,576
9,3,54,902
46,585
1,140,660
134,724
8,953,542
2,183,761
844,473
4,507,542
$ cts.
117,356 52
6,619 34
36,349 79
3,963 27
44,090 92
15,402 64
12,493 16
1,035 45
13,900 14
25,534 62
24.194 75
6,971 56
10,441 08
4,559 77
72,308 30
171,483 13
61,064 87
129,877 71
10,438 35
54,491 91
59,298 91
46,. 548 53
8,857 14
63,241 54
249,251 73
106,760 18
98 53
387,576 55
526,765 69
206,371 17
35,473 49
None.
None.
None.
1,546 84
9,384 93
6,821 14
98 53
64,574 09
245.674 63
221 15
58,241 00
182,590 09
48,732 61
5,594 13
25,916 63
70, 159 70
2,556 25
108,373 35
59,822 66
202,334 81
37,874 60
277,063 35
98 53
95,067 32
104,265 71
681 09
14,632 90
2,087 55
93,294 01
26,951 33
14,951 62
60,440 76
%
122
164
1^20
1-72
1^09
1-27
1^24
1-09
144
Caledonian-American : . . .
135
California
145
161
Columbia
r26
Commercial Union of New York
1-56
1^38
Continental
MS
Ml
1^27
Fire Association of Phila
1^50
Fireman's Fund
1^36
1^29
General of Paris
1-22
1^34
Glens Falls
1^07
Globe and Rutgers
1-35
Great American
105
1^51
Hartford Fire
•96
1^35
Insurance Co. of N. A
M2
Insurance Co. of State of Pa
1-33
Lumbermen's Underwriting Alliance. . . .
1^45
Merchants Fire
1-29
Millers National
r38
Minnesota Implement
1^51
National-Ben Franklin
1^08
National Fire of Hartford
1-27
National Liberty
•79
National Union
116
1-21
Newark
146
New Hampshire
•86
1^48
Niagara
1^32
Northwestern Mutual
2^39
Northwestern National
1^17
Phenix of Paris
1^24
Phcenix of Hartford
M5
Providence Washington
1^31
Queen of .\merica
M4
1^51
St. Paul Fire and Marine
Springfield Fire and Marine
135
Ml
Sterling
r46
Stuyvesant
1-28
Tokio
1^55
L'Union of Paris
104
United States Fire
123
Vulcan
1^77
Westchester
134
Totals
1,937,104,657
19,501,904 89
101
361,391,936
4,332,872 05
1-20
Grand Totals
5,348.895,210
53,986.956 68
1-01
1,439,776.804
17,155,813 32
M9
ABSTRACT OF STATEMENTS
SESSIONAL PAPER No. 9
95
TABLE XXXI.— FIRE INSURANCE IN CANADA, 1920.
(Including Business of Provincial Licensees.)
Business transacted by
Net
insurance
written
Net in
force Dec.31
1920
Net
premiums
received
Net
losses
paid
S
6,788,672,014
$
5,971,330,272
S
50,565,856
$
21,945.114
which they are incor-
2. Provincial licensees —
(a) Provincial companies within provinces by
429,158,041
42,329,353
960,074*188
94,030,823
4,839,217
377,578
2,181,804
(6) Provincial companies within provinces
other than those by
160,793
471,487,394
1,054,105,011
5,218,795
2,342,597
Grand Totals
7,260,159,408
7,025,435,283
55,782,651
24,287,711
TABLE XXXII.
Analysis and summary of the statements of fire insurance carried on property in Cariada ■» y
fire insurance companies, associations or underwriters not licensed to transact business in
Canada, such insurance having been effected under the provisions of Sec. 129 of the
Insurance Act, 1917.
Province in which Property is Situated
Amount
of
Insurance
S
10,128,784
23,002,042
161,532,203
244,765,784
12,707,364
3,561,574
3,742,302
21,383,257
65,911
Yukon
37,800
$480,927,021
Nature of Property Insured
Amount
of
Insurance
Lumber and lumber mills
Other industrial plants and mercantile establishments
Stocks and merchandise
Railway property and equipment
Miscellaneous
22,019,957
358,528,975
92,311.028
4,294,826
3,772,235
$480,927,021
Nature of insurers
Amount
of
Insurance
Lloyd's Associations
Reciprocal Underwriters
Mutual Companies
Stock Companies
39,622,073
43,243,832
336,929,551
61,131,565
$480,927,021
96
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
The following tables of fire losses in the larger cities and towns in Canada wore gathered from the Municipal
Officials in the forna of monthly returns and must be regaraed as estimates only.
FIRE LOSSES IN MUNICIPALITIES WHERE POPULATION EXCEEDS 10.000.
Municipality.
ONTARIO. .
Belleville. .......
Brantford
Chatham
Fort William
Gait
Guelph
Hamilton
Kingston
Kitchener
London
Niagara Falls
North Bay
Oshawa
Ottawa
Owen Sound
Peterboro
Port Arthur
St. Catharines
Samia
Sault Ste. Marie.
Stratford
St. Thomas
Toronto
Windsor
Woodstock
QUEBEC.
Hull
Lachine
Levis
Montreal
Outremont
Quebec
St. Hyacinthe... .
Shawinigan Falls.
Sherbrooke
Three Rivers
Verdun
Westmount
MANITOBA.
Brandon
St. Boniface
Winnipeg
SASKATCHEWAN..
Moosejaw
Regina
Saskatoon
ALBERTA.
Calgary
Edmonton
Lethbridge
Medicine Hat
BRITISH COLUMBIA.
New Westminster
North Vancouver.
Vancouver
Victoria ,
NOVA SCOTIA.
Amherst
Dartmouth.
Glace Bay
Halifax
New Glasgow
Sydney
Population.
12,240
32,786
16,000
20,000
1.3,092
17,922
114,766
23,02.3
23,000
58,281
10,924
13,000
135,000
12,200
21,7.30
15,201
19,860
15.000
23,000
19.000
19,000
525,000
37,000
10,333
32,642
15,500
10,500
736,416
13,500
116,000
12,000
12,500
24,600
26,000
30,000
18,394
15,000
15,000
192,571
23,500
42,000
.30,000
80,000
62.000
14,(500
11,060
16,000
14,000
125,000
55,000
11,000
10,000
18,000
60,000
11,000
27,000
Total
Property
Loss.
41,728
206,643
15,048
57,214
10,350
.32,238
417,181
138,376
22,997
283,272
No Report
27,215
7,6.58
6 88,. 343
6,929
31,806
144,947
17,328
17,492
50,890
4,289
24,576
2,121,185
89,840
13,747
29,497
15,633
5,100
,961,639
13,004
756,915
10,755
19,. 300
23,172
46,696
16,428
21,150
123,059
10,215
825,532
130,704
88,589
44,404
349,813
142,490
20,389
88,683
58,327
20,228
388.364
53,175
19,445
25,825
77,020
620,000
152,934
266,545
lyOSS
Per Capita
3-40
6-27
0-94
286
0-79
1-79
3-63
601
0-99
4-86.
Received.
2-49
0-.59
5 09
0-56
1-46
9-53
0-87
116
2-21
0-22
1-29
4-04
2-42
1-33
Loss
Per Capita
in 1919.
209
219
7-37
2409
6-56
0-76
2 -.35
2-95
1-76
1-70
5-55
3-38
6-85
1-92
0-46
202
9-74
3-66
1-36
409
218
1-95
2- 15
5-74
4-76
0-90
109
100
1-39
0-48
0-60
6-73
2-31
0.96
1-79
6-62
5-92
0-89
0-66
1-.54
10-87
0-94
3-80
1-79
2-06
0-54
0-65
114
0-53
8-20
0-64
0-68
0-84
4-28
2-35
5 -.56
1-44
2-11
0-90
1-48
13-86
4-37
1-78
2-29
2-76
1-40
2-88
8-01
1-57
3-64
0,53
1-44
1-57
310
5-25
0-96
1-51
1-76
0-42
2-58
1-40
4-27
4-26
0-33
400
309
203
9-87
3-86
ABSTRACT OF STATEMENTS
SESSIONAL PAPER No. 9
FIRE LOSSES IN MUNICIPALITIES WHERE POPULATION EXCEEDS 10,000.
97
Municipality.
Population.
Total
Property
Loss.
Loss
Per Capita
Loss
Per Capita.
in 1919.
NEW BRUNSWICK.
10,000
20,500
60,000
12,000
$
8,270
364,479
100,000
29 175
%
0-82
17-77
1-66
2-43
%
6-40
1-27
St John
214
PRINCE EDWARD ISLJlXD.
0-98
FIRE LOSSES IN MUNICIPALITIES WITH POPULATION OF 5,000 TO 10,000.
ONTARIO.
Amprior
Barrle
Brampton
Brockville
Cobalt
Cobourg
Collingwood.
Cornwall
Dundas
Hawkesbury
Kenora
Lindsay
Pembroke
Preston
Renfrew
Smith's Falls
Sudburs'
Thorold
Trenton
Walkerville
Wallaceburg
Waterloo
QUEBEC.
Cap de la Madeline
Chicoutimi
Granby
Grand Mere
Joliette
Jonquiere
La Tuque
Longueil
Magog
Montmagny
Riviere du Loup....
St. Jerome
St. Lambert
Sorel
Thetford Mines
Valley field
MANITOBA.
Portage la Prairie.
SASKATCHEWAN. .
Prince Albert
Yorkton
BRITISH COLUMBIA.
Nanaimc
Nelson
Prince Rupert
6,000
7,000
5,000
9,400
5,036
5,103
6,787
7,. 300
5,000
5,419
5,500
8,. 500
8,000
5,300
5,600
7,500
9,000
6,000
5,000
7,500
5,000
5,200
7,135
7,400
7,500
8,000
9,269
6,000
6,000
5,300
5,000
5,200
7,113
5,510
5,000
8,750
7,447
9,800
6,000
8,500
5,500
9,000
6,000
8,000
11,831
13,095
2.270
36,478
3,255
300
6,830
11,779
6,800
1,300
27,973
19,306
60,306
3,805
15,375
5,400
54,800
10,010
10,. 300
1.192
3,929
24,549
10,250
8,000
500
20,835
16,865
2,000
12,000
4,200
2,300
600
18,750
15,950
55,000
5, 100
Nil.
22,450
5,120
13,156
14,200
947
11,635
1,356
1-97
1-87
0-45
3-88
0-64
0-05
100
1-61
1-36
0-24
508
2-27
7-53
0-71
2-74
0-73
608
1-66
2-06
015
0-58
4-72
1-43
1-08
0-06
2-60
1-81
0-33
2-00
0-79
0-46
0-11
2-63
2-89
11-00
0-58
Nil.
2-29
0-85
1-54
2-58
0-10
1-94
0-17
0-11
1-22
0-48
0-91
2-35
0-89
3-33
0-09
1-76
0-01
2-30
0-45
No Report
Received
0-18
4-12
3-11
10-94
8-91
48-69
3-87
0-74
2-60
0-26
52-23
0-54
0-10
104
2-06
0-86
0-38
0-41
0-03
0-48
0-38
NU.
1-61
Nil.
0-64
0-84
2-58
0 08
0-51
3-78
0-95
98 DEFARTMENT OF INSURANCE
11 GEORGE V, A. 1921
FIRE LOSSES IN MUNICIPALITIES WITH POPULATION OF 5,000 TO 10.000.
Municipality.
Population.
Total
Property
Loss.
Loss
Per Capita
Loss
Per Capita
in 1919.
\OVA SCOTIA.
5,500
6,000
6.000
5,600
9,000
7.500
5,000
6,000
5,000
$
6,880
141,288
14,935
10.000
51,223
9,944
15,000
14,850
1,800
%
1-25
23-54
2-48
1-81
5-69
1-32
3 00
2-47
0-36
%
1-42
Nort}i Sydney
3-85
010
005
1-70
Truro
1-46
XEn BRUNSWICK.
Bathurst
316
12-57
Sackville
0-90
FIRE LOSSES IN MUNICIPALITIES WITH POPULATION OF 1,000 TO 5,000.
U.WTARIO.
-Alexandria.. . ..
2,200
8,325
3-78
2-08
A 1! iston ■ . .
l.SOO
Nil.
Nil.
Nil.
Alironte
2.500
3,100
1-24
0-20
.\niherstburg
3,000
7,700
2-56
0-94
Aurora
2.205
31,350
14-21
0-22
Avlmer
2,200
5,600
2-54
0-46
Blenheim '. ■■
1,500
575
0-38
3-03
1,534
3,300
Nil.
13,524
Nil.
4-09
5-50
Bowmanville .
2-24
Bracebridge
2,700
21,845
8-09
0-57
2,119
13,000
6-13
0-60
2,500
2.050
0-82
Not Rec'd
C'ampbellford
3,000
5,000
1-66
0-19
Capreol
1,907
52.000
27-26
6-69
Cheslev
1,800
25.600
14-22
0-01
Clinton
2,000
600
0-30
1-56
Cochrane
2,000
7,725
3-86
14-25
CVjpper Cliff
3,400
22,080
6-49
4-56
Degeronto
2,017
4,000
1-98
0-22
1,411
53,400
37-84
0 08
1,051
4,000
255
7,930
0-24
1-98
0-06
17-98
Durham. . . .
1,700
400
0-23
0-02
Eastview ■■
4,935
4,640
0-94
7 -.57
Essex ...
1,400
3,200
2-29
Nil.
Ford City
4,500
1,386
3,250
4,500
Nil.
42,840
. 1-000
Nil.
1318
1-56
0-35
I ort France.s ■ .
2-46
Gananoque • •
3,500
12,525
3-57
0-70
Goderich .
4,500
1,950
0-43
0-42
Gravenhurst
2.000
1,900
0-95
0-29
Hailevbury.. ■•
3,500
15.951
4-55
17-75
1,450
45,601
31-44
1-42
Hespeler . ■ .
3.100
9,000
2-90
Nil.
Iroquoi.s Falls • •
2,000
56,000
28-00
409
Keewatin
1,250
4,285
3-42
0-12
Kincardine
2.200
31,060
14-11
1-59
1,600
4,660
2,550
1,000
1,451
2,795
2,553
2.073
1,672
2,000
3,000
2,000
1,500
2,880
2,300
1.850
2.000
2,800
17,2Q5
4,0a)
5,500
17,000
7,510
210
3.420
Nil.
13,250
1,000
Nil.
62,430
3,000
925
1-25
0-60
6-74
4 -GO
3-79
6 08
2-98
0-10
204
Nil.
4-41
0-50
Nil.
21-67
1-30
0-50
Nil.
1-23
202
14-66
4-15
Nil.
1-43
Milton
7-12
Mitchell...
Nil.
0-11
2-79
0-75
0-88
Oak villa . .'
0-55
0-48
0-26
Parkhill
1,250
1,625
1-30
Nil.
3,500
10,095
2-88
1-74
ABSTRACT OF STATEMENTS
SESSIONAL PAPER No. 9
FIRE LOSSES IN MUNICIPALITIES WITH POPULATION OF 1,000 TO 5,000.
99
Municipality.
OA^r^ie/O— Concluded.
Penetanguishene .
Perth
Picton
Port Colbome
Port Hope
Prescott
Richmond HiU..
Ridgetown
St. Marys
Seaforth
Sioux Lookout.. .
Southampton
Stayner
Strathroy
Thessalon
Tilbury
Tillsonburg
Timmins
Uxbridge
VankleekHilL...
Weston
Whitby
Wingham
QUEBEC.
Acton Vale
Arthabaska
Baie St. Paul
Beaconsfield
Beauharnois
Bedford
Belcpil
Berthierville
Black Lake
Bromptonville
Buckingham
Goaticook
Cookshire
Courville
Dorion
Dorval
Drummondville
Farnham
Iberville
Laprairie
■Lauzon
LaVal Rapids
Louisville
Marieville
Mcgantic fLake)
Montreal West
Nicolet
Pointe Aux Trembles . .
Pointe Claire
Richmond
Rimouski
Roberval
Ste. Anne de Belle ^^^e.
St. Agathe des Monts .
St. Laurent
St. Therese
Terrebonne
Trois Pistoles
Victoriaville
Windsor Mills
MANITOBA.
Population.
Total
Property
Loss. Per Capita
Beausejour
Carman . . .
Dauphin . . .
Emerson . .
I— 7i
4.000
4,047
3,527
3,500
4,500
2,774
1,000
2,300
4,004
2,400
1,000
2,000
1,039
2,654
1,450
1,750
3,100
4,500
1,800
1,610
2,500
4,500
2,240
1,500
1,406
2,100
1,300
2,110
1,249
1,500
2,000
3,500
1,300
4,100
3,501
1,002
1,268
1,000
1,800
4,400
3,800
2,100
2,144
4,918
2,300
1,724
1,799
3,200
2,000
4,000
2,300
3,200
2,237
3,500
2,023
2,200
3,572
4,873
2,885
2,200
1,270
4,406
2,250
1,000
1,450
4,000
1,125
16,810
1,150
3,535
9,730
850
2,165
Nil.
650
220
21,400
Nil.
1,170
1,000
1,265
800
37,500
82,712
81,235
18,200
Nil.
665
26,000
1,025
75,000
650
240
Nil.
300
2,500
160
20,000
3,000
12,800
150
6,000
Nil.
Nil.
6,000
Nil.
6,650
1,625
Nil.
600
1,800
3,900
Nit.
Nil.
2,000
425
250,000
9,335
Nil.
1,100
25,865
Nil.
Nil.
Nil.
900
25,000
3,025
6,000
500
Nil.
4,. 500
Nil.
2,100
900
4 -.50
Nil.
0-52
0-80
Loss
Per Capita
in 1919.
04-2
12-21
0-28
0-06
100
0-73
2-78
6-80
018
0-21
0-78
2-95
Nil.
Nil.
0-28
0-81
Nil.
0-69
8-91
0-17
Nil.
1-66
0-.58
0-36
0-96
0-41
0-47
0-16
0-55
2-11
21-42
0-89
26-68
Nil.
18-05
4-00
10 00
0-02
Nil.
Nil.
0-26
0-.32
5-77
0-53
0-45
1-20
50 00
6-86
0-46
0-75
Oil
006
Nil.
Nil.
0-14
2-09
2-00
0-24
0-10
Nil.
10-00
0-95
0-85
1-42
9-84
0-14
003
0-72
1-71
2-24
Nil.
3-51
Nil.
0-29
6-00
Nil.
Nil.
0-05
1-51
1-15
0-42
0-40
Nil.
0-71
0-28
72-55
0-36
0-26
1-69
2-50
Nil.
0-53
Nil.
Nil.
0-62
Nil.
0-21
001
62-50
2-50
4-05
0-.56
Nil.
0-72
0-49
0-40
7-39
0-08
Nil.
15-51
Nil.
? Nil.
Nil.
*" 2-64
0-18
• Nil.
8-66
' 1-96
1-37
Nil.
4-72
0-15
Oil
4 -.50
Nil.
013
l-,50
1-41
0-32
5-04
100 DEPARTMENT OF INSURASCE
11 GEORGE V, A. 1921
FIRE LOSSES IN MUNICIPALITIES WITH POPULATION (JF 1,000 TO 5,000.
Municipality.
Population.
Total
Property
Los.s.
L088
Per Capita
Loss
Per Capita
in 1919.
MAMTOB A— Concluded.
Killarney..
Melita
Minnedosa.
Neepawa. . .
Souris
The Pas....
Virden
SASKATCHEWAX.
Assiniboia
Battleford
Biggar
Broadview
Canora
Carnduff
Estevan
Gravelbourg
GullLakp
Herbert
Humboldt
Indian Head
Kamsack
Kerrobert
Kindersley
Leader
Maple Creek. . .
Melfort
Melville
Moosomin
NorthBattleford..
Outlook
Rosetomi
Rosthern
Shaunavon
Sutherland
Swift Current
Watrous
Weyburn
Wilkie
Wolseley
ALBERTA.
Bassano
Beverley
Blairmore
Cardston
Claresholm
Coleman
Ft. Saskatchewan.
Hanna
High River
Innisfail
Lacombe
Macleod
Magrath
Olds.
Pincher Creek
Raymond
Redcliff
Red Deer .\.
St. Albert ,.
Stettler
Taber
Vegreville ,
Vermilion ;
Wetaskiwin
BRITISH COLUMBIA.
Armstrong
Chilliwack
Cranbrook
Cumberland
Duncan.
Enderby
1.100
1,000
2,000
2,000
1,92.5
1,500
1,700
1,IG8
1,211-
1,700
1,200
1..500
1,500
2,100
1,700
1,000
1,150
1,600
1,700
2,043
1,000
1,200
1,200
1,400
2,000
2,800
1,.500
4,. 500
1.000
1,000
1,300
1,500
1.000
4,000
1,400
4.000
1.000
1,500
1,000
1,200
1,800
1,600
1,200
2,. 300
1,200
1,759
1,400
1,000
1,200
1,800
1,200
1,100
1,100
1,600
2,200
3,000
1,200
1,800
2,000
1,550
1,500
2,. 500
1,000
1,700
4,000
1,200
1,.500
1,000
400
37,. 500
470
1,510
34,600
14,340
150
Nil.
95
Nil.
159
3,315
1,600
3,105
Nil.
100
27.000
75
25
3,550
5,975
580
62,900
Nil.
4,125
825
Nil.
13.000
725
613
1,600
5,300
755
4,740
11,500
4,835
3,000
Nil.
20,000
2,150
5,700
2,100
Nil.
NiL
1,900
Nil.
2,835
790
Nil.
3,900
1,000
10
8,025
Nil.
21,400
9,860
800
50
1,520
50
Nil.
2,350
4,650
4-65
42,085
24-75
560
014
300
0-25
2,700
1-80
Nil.
Nil.
0-36
37-50
0-23
0-75
17-97
9-56
008
Nil.
0-07
NU.
0-13
2-21
1-06
1-47
Nil.
0-10
23-48
0-04
001
1-73
5-97
0-48
52-41
Nil.
2-06
0-29
Nil.
2-88
0-72
0-61
1-23
3-53
0-75
118
8-21
1-20
300
Nil.
2000
1-79
316
1-31
Nil.
Nil.
1-58
Nil.
2-02
0-79
Nil.
2-16
0-83
Nil.
7-29
Nil.
9-72
3-28
0-66
0-02
0-76
0-03
Nil.
0-94
3-60
0-40
0-21
0-42
0-20
2-05
2-76
Nil.
0-63
Nil.
NU.
1-81
1-33
1-21
0-18
0-53
35-01
8-86
3-57
1-44
2-60
0-01
5-90
106
5-88
4-39
Nil.
0-84
0-22
6-43
20-07
5 03
0-07
1-23
3-63
4-46
2-52
2-40
0-96
1-90
60-71
2-00
2-55
2-09
2-44
18-75
0-06
21-55
1-66
0-88
Nil.
73-18
0-04
Nil.
0-02
0-43
209
2-50
Nil.
1-51
2-66
0-84
15-75
5-18
2-68
0-98
Nil.
0-47
ABSTRACT OF STATEMENTS
SESSIONAL PAPER No. 9
FIRE LOSSES IN MUNICIPALITIES WITH POPULATION OF 1,000 TO 5,000.
101
Municipality.
BRITISH COLUM BI A— Concluded.
Fernie
Grand Forks
Kaiii loops..
Kaslo
Kelowna
Ladysmith
Merritt
Port Alberni
Port Coquitlam.,
Port Moody
Prince George
Revelstoke
Rossland
Trail
Vernon
NOVA SCOTIA.
Annapolis Royal.
Antigonish
Bridgetown
Bridgewater
Canso
Digby
Dominion
Kentville
Liverpool
Louisburg
Lunenburg
Oxford
Parrsboro
Pictou
Shelburne
Trenton
VVedgeport
Westville
Windsor
Wolfville
,\EW BRUNSWICK.
Chatham . . .
Dalhousie. ..
Dorchester. .
Edmunston..
Grand Falls.
Marysville. .
Milltown
Newcastle.. .
St. George..
St. Stephen.
Sussex
Population.
PRINCE EDWARD ISLAND.
bouris
Summerside.
4,000
2,000
4,900
1,200
3,500
2.500
1,800
1,000
2,000
2,000
2,500
4,100
2.800
4,500
4,000
1,200
1,100
1.000
3,000
2,000
1,500
2,500
2,500
2,500
1,100
2,681
1,700
2,500
4,000
1,600
3,200
1,450
4,500
4,000
1,800
4,800
1,800
1,080
4,000
1,550
2,000
2,000
3,500
1,200
3,300
2,000
1,057
2,500
Total
Property
Loss.
830
13,625
680
Nil.
22,107
6,000
6,550
12,525
90,6.56
99,310
592
6,179
50,779
6,720
14,000
75,000
400
700
Nil.
75
50,100
7,750
535
49.675
10,300
300
74,075
2,900
3,4,57
17,500
12,050
Nil.
25,500
204,446
82,000
0,.500
600
Nil.
3,000
470
Nil.
9,. 595
301), 000
Nil.
75,000
1,930
Nil.
2,145
Loss
Per Capita
0-20
6-81
013
Nil.
6-31
2-40
3-63
12-52
45-32
49-65
0-23
1,50
18-13
1-49
3-50
62-50
0-36
0-70
Nil.
0-03
33-40
3-10
0-21
19-87
9-36
0-11
43-57
1-16
0-86
10-93
3-76
Nil.
5-66
5111
45-55
1-35
0-33
Nil.
0-75
0-30
Nil.
4-79
0-85
Nil.
22-72
0-96
Nil.
0-85
Loss
Per Capita
in 1919.
0-90
1-37
Nil.
4183
0-15
0-15
0-38
0-08
Nil.
1-95
405
0-28
2-81
1-97
1-25
0-41
8-63
9-00
0-61
Nil.
0-48
3-84
0-91
0-60
16-66
0-27
0-34
1-60
0-46
2-16
Nil.
Nil.
0-32
17-21
9-72
Not Rec'd.
0-44
Nil.
Nil.
Nil.
0-82
3-38
3-17
Nil.
1-39
7-67
1-09
1-21
11 GEORGE V SESSIONAL PAPER No. 9 A. 1921
ABSTRACT
OF STATEMENTS MADE BY COMPANIES LICENSED TO TRANSACT
BUSINESS OF ONE OR MORE CLASSES OF CASUALTY
INSURANCE, IN CANADA FOR YEAR 1920, IN
ACCORDANCE WITH THE INSURANCE
ACT, 1917.
103
104
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
Table xxxiii. — Showing the Total Assets and their nature, of Canadian Companie.s transacting
Insurance,
CANADIAN COMPANIES
No.
Companies
Real Estate
Loans
on
Real Estate
Bonds and
Debentures
Stocks
1
Boiler Inspection
S cts.
None.
None.
1,194 07
None.
None.
340,850 00
None.
37,139 16
None.
$ cts.
5,000 00
None.
249,712 44
None.
None.
None.
28,380 00
None.
None.
$ cts.
355,141 40
43,655 63
138,794 22
160,733 51
64,070 00
1,234,375 07
250,921 20
85,380 00
55,072 59
$ cts.
42,536 40
?
Casualty Co., of Canada
3
Chartered Trust and Executor
17.763 00
4
Dominion Grcsham
None.
5
General Animals.. . ....
5,925 00
6
Guarantee Co. of N. America
679,933 00
7
Merchants Casualty Co
None.
8
None.
9
Protective Association
None.
Totals
379.183,23
283,092 44
2,388,143 62
746, 157 40
(a) Including $11,652.35, loan? on collaterals.
Department's real e.state and equipment.
lb) Including $162, 160 97, secured by agreement of sale of Electrical
ABSTRACT OF STATEMENTS
105
SESSIONAL PAPER No. 9
business of Accident, Bmglary, Guarantee, Plate Glass, Sickness Insurance, Steam Boiler
etc.
—ASSETS AT DECEMBER 31, 1920.
Cash on
Agents'
hand, in
Interest
Balances
Banks or
and Rents
and
Other
Total
deposited
Due and
Premiums
Assets
Assets
Kn
with Gov-
Accrued
Un-
ernment
collected
$ cts.
$ cts.
$ cts.
$ cts.
$ cts.
16,909 43
5,261 33
17,021,08
78 50
441,948 14
Steam Boiler.
1
8,313 12
559 29
3,461 87
732 11
56,722 02
Auto and Plate Glass.
?
28,667 33
10, 105 25
None.
(a) 143,299 43
589,535 74
Title.
3
9,247 51
9,117 08
35,279 91
(6) 170,873 81
385,251 82
Accident, Auto, Burglary, Gtee, Plate Glass
and Sickness.
4
3,177 41
729,14
8,984 75
3,665 81
86,552 11
Auto, Live Stock and Plate Glass.
.•S
321,994 91
17,330 73
31,701 11
27, 145 07
2,653,330 49
Guarantee.
fi
38,112 09
6,678 39
7,733 17
15,114 24
346,939 09
Accident and Sickness.
7
22, 183 00
1,435 41
28,377 82
16,424 15
190,939 54
Accident, Auto, Plate Glass and Sickness
8
30,946 68
567 12
10, 164 37
1,549 46
98,300 22
Accident and Sickness.
9
479,551 48
51,783 74
142,724 08
378,883 18
4.849 519 17
106 DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
Table xxxiv. — Showing the Total Liabilities of Canadian Companies transacting business of
CANADIAN companies-
No.
Companies
Reseire
for
Unsettled
Losses
Reserve
of Unearned
Premiums
Sundry
Total
Liabilities
not
including
Capital
Stock
Boiler Inspection
Casualty Co. of Canada
Chartered Trust and Executor. . . .
Dominion Gresham
General Animals
Guarantee Co. of North America
Merchants Casualty Co
Merchants' and Employers'
Protective Association
Totals
S cts.
None.
3,136 26
None.
30,396 41
8,391 42
66,216 00
35.000 00
41,639 70
16.423 78
> cts.
154,428 13
17.319 60
None.
80,211 34
42.053 42
147,321 28
100,785 09
53,657 02
51,137 11
(a)
$ cts.
1.699 14
1,351 37
77,301 02
19,135 00
1.155 61
280,829 06
25,567 34
19,500 80
3,683 57
% cts.
156. 127 27
21,807 23
77.301 02
129.742 75
49,600 45
494,366 34
161,352 43
114,797 52
71,244 46
199.203 57
646.912
430.222 91
1.276.339 47
(t) Including $11,000. investment reserve fund.
ABSTRACT OF STATEMENTS 107
SESSIONAL PAPER No. 9
Accident, Burglary, Guarantee, Plate Glass, Sickness Insurance, Steam Boiler Insurance, etc.
LIABILITIES AT DECEMBER 31, 1919.
Excess
Assets over
Liabilities
$ cts.
285,
34,
512,
255,
36,
2,158,
185,
76,
27,
820 87
914 79
234 72
509 07
951 66
964 15
586 66
142 02
055 76
3.573.179 70
Capital
Stock
paid
in cash
cts
100,100
47,266
479,937
200,000
62,275
304,600
101,576
99,500
35,000
1.430.256 29
Nature of Busine.ss
Steam Boiler.
Auto and Plate Glass.
Title.
Accident, Auto, Burglary, Guarantee, Plate Glass and Sickness.
Auto, Live Stock and Plate Glass.
Guarantee.
Accident and Sickness.
Accident, Auto, Plate Glass and Sickness.
Accident and Sickness.
108
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
Table xxxv. — -Showing the assets in Canada, and ihfir nature of Companirs other than
Steam Boiler
BRITISH AND FOREIGN COMPANIES— ASSETS
No,
Companies
Real Estate
Loans
on
Real Estate
Bonds and
Debentures
Stocks
Abeille.
American & Foreign
American Surety ,
British and Foreign ,
Continental Casualty
Excess
Federal
Fidelity and Casualty
Hartford Accident
Hartford Live Stock
Hartford Steam Boiler
International Fidelity
Lloyds Plate Glass
Loyal Protective
Lumbermen's Mutual Casualty.
Maryland Assurance
Maryland Casualty
National Surety
New York Plate Glass
Ocean Marine
Preferred Accident
Ridgely Protective
Royal Indemnity
Security Mutual Casualty
Travelers Indemnity
United Commercial Travelers .
United States Fidelity & G'tee
Western Casualty
Totals
None.
None.
None.
None.
None.
None.
None.
None.
None.
None.
None.
None.
None.
None.
None.
None.
None.
None.
None.
None.
None.
None.
None.
None.
None.
None.
None.
None.
None.
None.
None.
None.
None.
None.
None.
None.
None.
None.
None.
None.
None.
None.
None.
None.
None.
None.
None.
None.
None.
None.
None.
None.
None.
None.
None.
None .
$ cts .
1.50,733 00
26,000 00
96,550 00
108, 760 00
58,542 00
156,733 33
50,000 00
283,510 33
160,000 00
25,000 00
39, 600 00
5,000 00
80,892 00
56,600 00
17.660 46
29,800 00
436, 754 96
120,930 00
29,840 00
95,659 00
74,250 00
27.700 00
167,122 34
34,800 00
366,035 00
25,450 00
491.400 00
20.000 00
None.
None.
None.
None.
None.
None.
None.
None .
None.
None.
None.
None.
None.
None.
None.
None.
None.
None.
None.
None.
None.
None.
None.
None.
None.
None.
None.
None..
None.
None.
3,235,322 42
None.
ABSTRACT OF STATEMENTS
SESSIONAL PAPER No. 9
109
Canadian transacting business of Accident, Burglary, Guarantee, Plate Gla.ss, Sickness, Insurance,
Insurance, etc
IN CANADA AT DECEMBER 31. 1920.
Cash on
hand and
in Banks
Agents'
deposited
Interest
Balances
Other
Total
with
Due and
and
Assets
Assets
Nature of Business
No.
Govern-
Accrued
Premiums
ments
Uncollected
$ cts.
$ cts.
$ cts.
$ cts.
S cts.
27,953 98
None.
None .
None .
178,686 98| Hail.
1
2,481 11
None .
None.
None.
28,481 11
Inland Transportation.
2
5,399 95
2,075 00
1,090 93
None.
105,115 88
Burglary and Guarantee.
3
34 19
780 00
None.
None .
109,574 19
Inland Trans, and Sprinker Leakage.
4
4,7.50 79
None .
38,942 08
89 11
102,323 98
Accident, Auto and Sickness.
5
5,581 00
None.
None .
None.
162,314 42
Hail.
6
None.
458 33
None.
None.
.50,458 33
Hail.
7
6,958 68
2,951 13
32,264 45
None.
325,684 59
.\ccident,Auto,Burglary,PlateGlass, Sick-
ness and S.B.
19,021 95
733 33
1,672 05
None.
181.427 33
Accident, Auto, Burglary, G'tee, Plate
Glass and Sickness.
9
4,965 92
62 .50
None.
None.
30,028 42
Live Stock.
10
None.
675 00
None.
None.
40,275 00
Steam Boiler.
11
None.
None .
None.
None.
5.000 00
Guarantee.
12
None.
1,057 78
1.011 65
None.
82,961 43
Plate Glass.
13
27,605 09
869 17
None.
1,500 00
86,574 26
Accident and Sickness.
14
1,446 15
192 50
372 00
None.
19,671 11
Automobile.
15
2,237 11
295 84
None.
None.
32,332 95
Accident and Sickness.
16
49,320 74
4,603 80
46,048 70
None.
536,728 20
Accident, Auto, Burglary, G'tee, P. Glass,
Sickness, Sprinkler Leakage and S.
Boiler.
17
40,625 70
1,7.34 17
5,469 13
None.
168,759 00
Burglary and Guarantee.
18
3,137 98
573 37
3,222 34
None.
.36,773 69
Plate Glass.
19
None.
None .
2,349 14
None .
98,008 14
Inland Transportation.
20
10,346 13
937 .50
5,303 07
669 85
91,506 55
Accident, Auto and Sickness.
21
35,367 51
600 00
None.
None.
63,667 51
Accident and Sickness.
22
68,727 20
1,497 10
23,595 59
None.
260,942 23
Accident, Auto, Burglary, G'tee, Sickness
and Steam Boiler.
23
6,362 87
284 37
2,590 00
None.
44,037 24
Liability.
24
21,572 47
3,940 69
50,850 52
None.
442,398 68
Accident, Auto, Burglary, Plate Glass
Sicknes, and Steam Boiler.
25
None.
None.
1,159 00
None.
26,609 00
Accident.
26
10,514 46
None.
67,918 48
5,000 00
574,832 94
Accident, Auto, Burglary, Guarantee, P.
Glass and Sickness.
27
2,127 15
183 73
1,488 34
800 00
24.599 22
Accident and Sickness.
28
356,538 22
24,505 31
285,347 47
8,058 96
3,909,772 38
110
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
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ABSTRACT OF STATEMENTS
SESSIONAL PAPER No. 9
111
Table xxxvii. — Showing the Cash Income of Canadian Companies, transacting business of
Accident, Burglary, Guarantee, Plate Glass, Sickness Insurance, Steam Boiler Insurance, etc.
INCOJIE (Cash) 1920.
Companies
Net Cash
for
Premiums
Interest,
Rents and
Dividends
on
Stocks, etc.
Sundry
Total
Cash
Income.
Boiler Inspection
Casualty Company of Canada
Chartered Trust and Executor
Dominion Gresham
General Animals
Guarantee Company of North America
Merchants Casualty Company
Merchants' and Employers'
Protective Association
Totals
S cts .
132,922 15
28,877 20
None.
258,734 89
123,687 35
343,699 54
(e) 552,988 94
(S) 249,420 37
224,504 31
S cts.
19,550 00
1,854 31
39,610 54
21,880 09
3,821 86
112,578 03
9,173 60
5,913 14
2,842 74
578 80
144 93
103,232 25
1,552 18
None.
1,200 00
47,374 97
None.
5,000 00
$ cts.
153,050 95
30,876 44
142,842 79
282,167 16
127,509 21
457,477 57
609,537 51
255,333 51
232,347 05
1,914,834,75
217,224 31
159,083 13
2,291,142 19
(a) Including .$15 profit on sale of securities.
(6) Including $125.01 premium on capital stock and $19.80 proht on bonds exchanged.
(c) Including 811,659.40 profit on sale of securitie,^.
{d) Profit on sale of real estate.
(e) Including S64,870.95 membership fees received by agents.
(/) Including S5,106.94 profit on sale of securities.
(g) Including $3,627.25 policy fees.
Received on account of capital stock not included in income: —
Casualty Company of Canada, $22,049.99; Chartered Trust and Executor, $33,074.99;
$37,011.97.
Merchants Casualty
112
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
Table xxxviii. — Showing the Cash Expenciiture of Canadian Companies transacting business of
Accident, Burglary, Guarantee, Plate Glass, Sickness, Steam Boiler Insurance, etc.
EXPENDITURE (Cash) 1920
No.
Companies
Paid
for Losses.
Dividends
or
Bonuses
to
Stockholders
General
Expenses.
Total
Cash
Expenditure
e Excess of
Income over
Expenditure
d The Reverse
No.
1
$ cts.
5,135 20
13, 153 81
None .
141.946 36
58,928 08
62,633 51
208,027 90
139,878 79
132,038 36
$ cts.
None .
None
34,008 07
None .
None .
67,012 00
6,456 50
None.
None
S cts.
107,693 25
13,992 18
113,198 17
133,872 37
63,063 04
230,729 37
(a) 338,593 82
(6) 114,383 78
84,008 26
$ cts.
112.828 45
27, 145 99
147,206 24
275,818 73
121,991 12
360,374 88
553,078 22
2.54,262 57
216,046 62
e
e
e
e'
e
e
e
$ cts.
40,222 .50
3,730 45
4,363 45
6,348 43
5,518 09
97, 102 69
56,459 29
1,070 94
16,300 43
1
2
3
4
Casualty Company of Canada
Chartered Trust and Executor
2
3
4
5
6
8
9
General Animals _
Guarantee Co. of North America
Merchants Casualty Company
Merchants' and Employers'
Protective Association
Totals
5
6
7
8
9
761,742 01
107,476 57
1,199,534 24
2,068,752 82
(e)
222,389 37
(a) Including $64,870.95 membership fees retained by agents.
(6) Including $3,627 25 policy fees retained by agents.
ABSTRACT OF STATEMENTS
113
SESSIONAL PAPER No. 9
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114 DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
Table xl. — Showing the net amounts received in Canada by
No.
Companies
Accident
Accident
and
Sickness
combined
Auto-
mobile
(A)
Auto-
mobile
(B;
Burglary
Liability
Ezplosioa
1
Canadian Companies.
•?
Boiler Inspection
3
87,560
38,380
2,653
14,669
85,837
66,618
4,653
10,486
4
53,977
8,293
134,138
5
6
7
8
20,523
45,997
1,091
19,239
9
10
11
9,313
3,973
60,050
94,581
143,442
26,027
154,237
12
Dominion Gresbam
Dominion of Canada G'tee & Acc't. . .
41,912
322,162
51,975
60,203
10,659
8,023
36,714
13
'88,184
139,033
19,899
14
97,470
15
16
Globe Indemnity
187,977
12,780
188,881
17
18
19
Guardian Ins. Co. of Can
33,772
174,560
30,325
53,593
85,961
50,814
9,494
55,787
2,280
20
21
553
22
London & Lane. G'tee. & Acc't. Co
116,729
42,238
20,512
125,488
20,582
789
23,342
?3
'>4
471,785
40,126
'■)
3,250
40,697
130,809
?6
27
42,778
19,746
8,598
143
51,599
7,073
236
1,382
329,143
?R
29
30
224,504
^1
74,674
55,935
1,949
Totals
1,029,092
824,599
581,859
1,135,377
130,862
998,564
2,502
ABSTRACT OF STATEMENTS
SESSIONAL PAPER No. 9
all Companies for Casualty Premiums.
115
Guarantee
Hail
Inland
Trans-
portation
Plate
Glass
Sickness
Sprinkler
Leakage
Steam
Boiler
Tornado
Other
Classes
Totals
No
$
S
35,153
280,594
$
$
$
$
$
S
$
S
35,153
132,922
459,201
387,441
285,123
25,155
289,414
184,462
28,877
None.
154,585
258,735
815,121
536,937
123,428
683,337
60,825
122,856
291,793
465,569
553
473,695
41,094
471,785
245,793
28,710
512,565
15,671
379
224,504
185,250
1
132,922
2
5,210
3
20 624
29,183
36,228
4
277,817
6
289,414
7
88,491
9,576
27,786
F 636
8
9
T None.
in
141,299
11
7,087
10,223
40,392
42,546
155,922
36,044
12
52,372
n
19 949
23,846
48,105
14
23,879
L.S. 73,522
15
8,956
130,506
16
60 825
17
122,856
18
13 684
19,883
9,028
42,887
129,739
19
45,555
?n
?i
36,704
32,813
95,592
??
?3
24
27,620
28,710
36,136
3,291
31,781
?5
?6
:..:..:.
?7
28
?9
in
52,692
31
477 103
1,048,123
57,902
295,229
704,536
None.
181,027
None.
74,158
7,540,933
F.— Forgery. L.S.— Live Stock. T— Title.
9-8^
116
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
Table xli. — Showing the net amounts received in Canada by
No
Companies
Accident
Accident
and
Sickness
combined
Auto-
mobile
fA;
Auto-
mobile
(B)
Burglary
■■
Liability
Explosion
1
British and Foreign Companies.
Abeille
$
$
%
t
«
S
S
?
28,465
32,045
13,076
189
6,213
26,693
11,09S
175
5,774
S
52,772
33,110
4
5
fi
353
8
q
14,132
in
British A- Foreign . ..
11
British Crown.
155,778
65,611
24^267
68,307
1?
British Traders
Car and General. . .
Columbia
3.287
54,870
6,727
13,633
13
1.522
.
14
IS
Connecticut Fire..
•
Ifi
Continental Casualty
Eagle, Star & Br. Dominions . . .
55,391
18,280
2,281
272,251
1,532
17
6,515
12,220
98,772
109
4,021
1H
}<t
Employers Liability
Equitable Fire & Marine..
153,702
8,969
684,184
?n
401
?i
Excess
?9
Federal
?3
Fidelity & Casualty . .
Fidelitv-Phenii..
82,344
11,948
2,281
39,340
7,730
?4
6,258
17,294
27,851
32,182
23,323
33,218
7,068
?5
Fireman's P'und
?6
General Acc't. , Fire & Life
n
Glcn.« Falls
9,219
11,056
29,105
5,379
?8
Globe and Rutgers
77,360
!»<»
Great American
-214
SO
Hartford Accident
31
Hartford Fire
50,228
23,930
3?
Hartford Steam Boiler
33
Home Insurance.
99,581
70,830
18,274
14,285
15,962
34
Insurance Co. of N. America
27,610
3o
Insurance Co. of State of Pa .
36
International Fidelity..
37
Law, Union and Rock
Lloyds Plate Glass
26,602
6,156
28.935
13,947
44.687
38
39
London & Lancashire.
47,728
2,687
40
41
115,868
45,012
149,177
650
21,601
41,401
53^025
173.582
4'>
Loyal Protective
180,645
43
Lumbermen's Mutual.
44
Marine Insurance Co.
42,855
45
46
Marj'land Assurance.
Maryland Casualty. .
Merchants Fire.
13,268
40,986
61^092
94^810
47
48
i'otor L'nion..
123,731
4Q
National Benefit...
National-Ben Franklin.
2,200
.in
71
312
.il
National Fire of Hartford....
National Prov. Plate Gla.ss.
o2
o3
National Surety.
9,410
54
National Union
178
55
Newark
2.627
5,493
56
57
New York Plate Glass..
58
Niagara Fire
Nort hem Assurance
10,195
10,963
27,179
2,732
25,947
86,853
133,975
1,181
38,723
2,847
14,574
120,037
144,823
4,019
59
26
7.719
fin
61
Northwestern National
a?.
Norwich Union Fire
77,661
183,536
30.229
216,564
63
Ocean Accident
5,838
,
64
Ocean Marine •
65
Palatine...
3,696
24,241
2,245
66
Phoenix Insurance
67
Preferred Acccident
9,469
16,493
6,227
24,455
85,827
87,905
16,184
8,022
18,585
11,487
31896
100,786
'
68
Providence Washington
27,738
56,089
26,918
53,780
51,888
23,810
16,070
931
69
Queen of America..
7n
Railway Passengers
Ridgcl.v Protective ,
Royal Exchange
.54,212
12,743
2,525
1,843
24,588
119,189
35,588
1,696
170,634
11,086
71
67,914
7?
73
Roval Indemnity
74
St. Paul Fire & .Sfarine
75
Scottish Metropolitan.
17,764
76
17
77
Security Mutual Casualty
78
5.742
3,794
79
Traders and General
43,337
242,752
sn
70,770
353,343
81
Travelers Insurance
«?!
3,911
44,151
12,546
1,364
63,959
7,287
83
4
84
85
United Commercial Travelers
United States Fidelity & G'ty
United States Fire.. ..
28,247
32,933
94^415
70,221
86
104,684
87
2,233
1,879
88
1.308
89
Western Casualty
29,037
20,629
105,387
90
63,930
Totals...
1,311,460
248,559 1.784.714' 1.751.5641 350,1441
2.162,813
169,671
ABSTRACT OF STATEMENTS
SESSIONAL PAPER No. 9
all Companies for Casualty Premiums.
117
Guarantee
Hail
Inland
Trans-
portation
Plate
Glass
Sickness
Sprinkler
Leakage
Steam
Boiler
Tornado
Other
Classes
Totals
No.
$
$
135,489
« '
$
$
$
$
$
$
$
135,489
39,033
415,759
24,174
364
31,279
3,535
3,211
68,234
2,056
377,797
239,273
371,. 555
93,202
176,316
302,961
16,570
388,422
1,343,313
510
173,601
113,239
296,323
195,014
38,155
2.59,070
231,510
113,169
160,097
None.
890,704
1,300
929,869
136,074
1,466
7,022
139,519
80,262
50,415
5,520
781,413
180,645
650
109,294
28,229
417,924
105,042
176,756
4,883
71
962
17,891
106,255
1,443
2,805
5,493
32,913
16,492
110,126
5,579
40,928
421,623
892,769
10,944
5,941
200,558
32,333
34,896
80,597
375,232
67,914
197,589
107,420
117,217
252,412
30.421
11,086
12,132
7,690
413,468
596,095
16,013
350,061
20,414
28,247
631,531
4,157
177,625
29,037
266.146
1
132
7.605
4.223
■>
12.145
190,060
55.555
3
4
5
31.279
3,182
6
7
3.211
8
54,102
0
1,008
1.048
10
222,018
118,792
331.781
11
P
11.262
3,971
13
14
176,316
175,991
1";
51,767
16
3,753
17
103,951
197,462
18
89,928
109,396
900
19
'0
173,601
113,239
175,991
21
19,133
99,887
35,941
3,416
2,300
3,312
22
23
''4
20,861
4,397
1,430
?5
231,219
176,927
96
1,106
V
?8
94,676
681,923
717,449
?9
30
60,968
23,349
25,274
10,675
1,300
48,381
67.928
1,466
31
32
33
10,504
80,262
8,688
34
7,022
35
36
37
38
3'(
5,520
43,304
40
127,368
127.102
41
4'?
43
44,838
44
105,042
13,459
17,89!
14,961
46,222
5U780
45
31,796
36.378
46
47
- 2,683
650
48
49
50
51
5?
96,845
1,443
329
53
.54
32,913
12,186
55
56
57
1 528
12,570
58
59
407
60
61
33,515
84,907
73,328
,i, 95,895
6'
27,231
63
10,944
64
65
176,317
'6^371
66
„
67
68
53
43^129
31,505
'7,573
1,533
20,812
133,787
28,384
69
12,609
70
71
43,348
7?
48,301
12,593
73
13,959
74
807
2,062
3^648
75
785
76
9,442
77
55,346
2,742
78
79
80
10,7.38
95,235
581
81
82
146,716
83
84
15,217
85
285,677
86
45
87
176.317
88
89
14,687
23,589
L.S. 37,924
90
795,359
4,748,379
365,943
394,850
871,781
"•■^"'98,804
142,458
158,321
37,924
15,392,744
L.S. — Live Stock.
118
DEPARTMENr OF INSURANCE
11 GEORGE V, A. 1921
Table xlii. — Showing the net amounts paid in Canada
Companies
Accident
Accident
and
Sickness
combined
Auto-
mobile
(A)
Auto-
mobile
(B)
Burglary
Liability
Exploeion
1
Canadian Companies
$
S
$
$
$
1
$
2
3
49,296
41,570
87
1,447
14,561
39,379
28,902
912
2,957
13,992
70
' ' 4,275
31,375
58,926
105,764
17,928
100,831
4
32,122
1,917
72,905
5
6
7
8
Canadian Indemnity
8,988
g
-
10
11
Cliartered Trust and Executor
5,313
41,535
5,412
1,548
6,962
17;690
35,795
92,670
12
21,657
110,547
14,323
13
14
Dom. of Canada Gtee. and Acct
44,177
61,742
4,555
15
16
Globe Indemnity
Grain Insurance
Guarantee Co. of N. A.
Guardian Ins. of Canada
Imperial G'tee. and Acct. Co
London and Lancashire Gtee. and Acct.
74,112
17
18
19
20
21
11,979
81,872
48,090
21,558
25,225
13,923
2,339
13,206
74,256
47,367
55,875
19,687
59,484
5,722
20,240
28,827
1,636
2
' 24J59
7,164
81
30,743
702
16,219
22
203,438
18,689
23
24
25
26
27
28
29
30
Merchants' and Employers'
Mount Royal
North American Acct...
785
22,545
76.547
328
207,867
Pacific Marine
Protective Association
Western Assurance
Totals
132,038
418,032
398,342
376,445
621,543
73,935
551,138
ABSTRACT OF STATEMENTS
SESSIONAL PAPER No. 9
by all Companies for Casualty losses.
119
Guarantee
Hail
Inland
Trans-
portation
Plate
Glass
Sickness
Sprinkler
Leakage
Steam
Boiler
Tornado
Other
■ Classes
Totals
No.
%
%
7,570
S
S
$
$
$
. «
$
$
7,570
5,135
190,037
225,326
154,491
4,404
92,945
55,886
13,154
None
73,050
141,946
381,185
244,160
58,928
353,399
None
12,898
170,816
207,522
246,893
8,061
203,438
139,879
12,779
315,633
75,892
2
132,038
72,126
1
5,135
9
101,334
28
3
5,252
15,552
27,106
4
153,492
6
92,945
7
9.955
8,390
13,084
g
9
T. Title
10
63,462
1]
590
3,364
29,787
25,735
104,500
25,856
12
10,271
13
2,166
8,231
1,745
14
9,024
L.S. 31,976
15
-385
79,209
16
17
12,898
18
-627
44,124
67,280
80,096
19
5,734
7,022
19,348
20
9,652
21
22
23
21,145
12,779
20,189
2,473
24
25
22,671
26
27
;
28
29
30
55,506
427,034
28
159,684
479,050
None.
6,880
None.
31,976
3,599,593
L.S. — Live Stock.
120 DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
Table xliii. — Showing the net amounts paid in Canada
No.
Companies.
Accident.
Accident
and
Sickness
combined
Auto-
mobile
(A)
Auto-
mobile
<B)
Burglary.
Liability
Explosior.
1
British and Foreign Companiet.
Abeille
1
$
$
8,851
18,490
2,551
i
1,670
11,613
4,804
i
$
$
?
iEtna
Alliance Assurance
11,074
3
3,038
22,223
4
1
7
H
q
977
10
11
104,743
34,456
8,244
22,134
24^910
2,406
9,667
6,355
1,874
129,376
T*
British Traders
,
1?
995
85
11
15
125
16
21,179
17
4,191
53,290
1R
Eagle, Star and British Dominions —
67,935
It
2,110
373,613
'0
•>!
00
Federal
97
62,404
4,191
6,611
18,263
36,671
4,084
17,968
10,895
31,184
44,824
17,615
1,874
28,667
120
01
Fidelity — Phenix
'''i
''fi
'7
Glens Falls
6,841
5,. 547
20,271
OS
oq
Great American
Hartford Accident
Hartford Fire
Hartford Steam Boiler
?n
?1
32
3^
■ 25,786
6,777
31
35
36
77
International Fidelity
21,408
3,808
19,196
6^305
12,666
3"
Lloyds Plate Glass
30
17,458
7,139
40
11
London Guarantee and Accident
58,878
34,183
71,484
84,275
10
107,207
-13
11
11,343
13,085
19,513
13,077
45
15,228
17,469
20,931
46
46,084
47
IS
Merchants' Fire
30,368
40
50
1,725
t1
5'>
53
6,818
54
55
360
2,419
20
56
57
58
6,666
13,206
64
10,. 557
36,739
74,256
1,038
15,461
2,085
11,829
50,520
62,448
50
1,949
. 3,477
60
61
1,729
15,408
75,273
6'
30,734
64,233
63
64
65
529
20,251
231
7,300
1,479
20,082
42,148
38,754
5,144
8,220
6,479
8,476
66
67
1,889
6S
14,130
22,353
11,679
39,01!
60
70
15,023
37,809
359
6,309
38,012
18,170
365
88,270
71
79
6,588
450
73
Royal Indemnity
74
25,681
9,488
11,586
75
Scottish Metropolitan..
3,128
76
77
4,829
7S
70
SO
14,950
73,989
49,235
10
33,461
417
70,120
7,184
S1
569
30,536
10,047
127.790
8'
K3
84
45^621
45,403
85
86
L'nitetl Commercial Travelers
L'nited States Fidelity and Guaranty..
6,228
4,866
S7
88
80
9,034
22,048
00
Yorkshire
Totals
29,234
27,985
531,679
145,016
870,653
885,071
130,048
984,173
None.
L.S.— Live Stock.
ABSTRACT OF STATEMENTS
SESSIONAL PAPER No. 9
by all Companies for Casualty losses — Concluded.
121
Guarantee
Hail.
Inland
Trans-
portation.
Plate
Glass.
Sickness.
Sprinkler
Leakage.
Steam
Boiler.
Tornado.
Other
Classes.
Totals.
No.
$
$
75,062
S
$
S
$
«
$
$
$
75,062
11,902
185,539
7,355
None.
393
1,178
3,785
6,284
1,465
200,266
106,678
128,192
34,855
83,730
42,910
83,415
45,372
819,462
None.
60,660
51,398
209,702
83,514
15,309
80,434
130,861
9,665
66,636
None
384,546
None
455,682
51,851
70
1,678
85,354
53,489
24,597
None.
323,148
107,207
None.
29,236
62.5.36
173,067
56,285
43,445
10
1,725
None.
19,549
30,542
518
380
2,419
19,219
7,898
39,997
2,149
22,431
201,348
379,732
3,219
760
103,980
15,428
15,609
42,435
150,439
37,809
107,423
12,581
57,352
117,891
20.306
4,829
43
None.
158,979
201,779
801
236,757
10,473
6,228
236,923
None.
83,730
9,034
119,387
1,381
>>
1,697
68,215
3,295
45,894
3
4
5
6
7
8
9
10
11
12
13
14
15
393
3;785
1,178
5,307
1,465
95,523
47,312
115,716
3,054
747
83,730
15,251
77,350
45,372
90,024
17
18
19
20
27,838
75,276
69,660
51,398
15,570
" 81. .387
91
22
3,939
23
76,891
558
8,698
3,940
34
25
62,171
83,229
26,153
180
2,244
29,426
107,131
26
27
28
37,892
250
11,524
5,191
30
294.809
31
32
33
286,390
34
70
35
1,678
36
37
5,881
53,489
16,090
38
39
20,726
40
24,540
29,062
41
4,808
42
43
44
56,285
9,431
47,308
6,081
10
50,788
2,060
45
710
46
47
48
19,549
50
51
52
53
23,724
19,219
2,795
3,109
518
194
45
54
55
56
57
58
59
60
13,337
50,447
' 54^610
51,942
61
62
- 596
3^219
63
64
6,239
20,736
65
83,729
66
67
22,134
68
348
69
70
71
4,900
313
72
73
10,732
12,719
74
10,526
75
244
76
77
43
78
79
3,663
80,696
3,251
80
' 48^956
222
123,804
9
81
82
83
84
85
37,283
10,067
23,563
86
87
83,730
88
89
7,072
29,538
L.S.
3,510
90
122,529
1,950,766
197,055
235,949
594,942
72,753
9,250
155,931
3,510
6,889,325
122 DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
TABLE XLIV-ABSTRACT OF ACCIDENT INSURANCE IN CANADA FOR THE YEAR 1920.
Companies
Premiums
for
the Year
Losses
incurred
during
the
Year
Claims
Paid
Reserve for
Unsettled Claims
Not
Resisted
Resisted
Alliance Assurance
Canada Accident
Car and General
Continental Ciusualty
Dominion Gresham
Dominion of Canada Guarantee and Accident. . .
Employers Liability
Fidelity and Casualty
General Accident of Canada
Globe Indemnity
Guardian Insurance Co. of Canada
Imperial Guarantee and Accident
Law , Union and Rock
London Guarantee and Accident _
London and Lancashire Guarantee and Accident.
Maryland Assurance
Maryland Casualty
Merchants and Employers
National Benefit _
North American Accident
Northern Assurance
Norwich Union Fire. '.
Ocean Accident and Guarantee
Preferred Accident — ,
Railway Passengers
Royal Exchange
Royal Indemnity
Scottish Metropolitan.
Travelers Indemnity
Travelers Insurance. .
United Commercial Travelers
United States Fidelity and Guaranty
Western Casualty
Yorkshire
Totals.
52,772
53,977
3,287
65,391
41,912
322,162
153,702
82,344
51,975
187,977
33,772
174, 560
26,602
115,868
116,729
13,268
40,986
3,250
2,200
42,778
10,195
77,661
183,536
9,469
54,212
12,743
2,525
17,764
43,337
242,752
28,427
32,933
29,037
20,629
10,469
15,431
1,085
20,891
14,502
116,375
67,434
43,323
15,669
78,462
13,100
70,072
17,772
55,965
48,125
5,616
20,728
785
None
24,529
2,609
32,958
68,247
2,201
13,378
6,137
850
5,790
27,461
57,955
6,567
7,
10,177
22,374
11,074
32, 122
995
21,179
21,657
110,547
67,9.35
62,404
14,323
74,112
11,979
81,87::
21,408
58,878
48,090
15,228
17,469
785
None
22,545
1,949
30,734
64,233
1,889
15,023
6,588
450
3,128
14,950
73,989
6,228
4,866
9,034
22,048
1,971
2.805
90
4,501
2,289
35,216
25,000
5,272
3,
26,000
5,135
14,4.36
2,889
15,292
18,595
780
3,259
None
None
8,179
660
6,502
25.255
663
3,030
557
400
2,722
15,480
2,982
1,158
3,570
1.569
5,765
2,-340,732
905,033
949,711
245.868
None
None
None
None
None
None
None
None
None
None
None
None
None
None
None
None
None
None
None
None
None
None
(
None
None
None
None
None
None
None
None
None
None
None
600
600
AB.STRACT OF COMBINED PERSONAL ACCIDENT AND SICKNESS INSURANCE IN CANADA FOR
THE YEAR 1920.
88,184
180,645
. 471,785
40,126
224,504
67,914
42,186
111,713
203,150
17,792
132,140
38,759
44,177
107,207
203,438
18,689
132,038
37,809
4,008
22,790
33,776
2,819
16,424
7.225
None.
None.
None.
120
None.
Ilidgely Protective
None.
Totals
1.073,158
545,740
543,358
87,042
120
MERCHANTS CASUALTY COMPANY.
471,785
16,333
203.150
4.878
203.438
4.590
33,776
1,224
None.
None.
Totals
488,118
208.028
208.028
35,000
None.
ABSTRACT OF STATEMENTS
SESSIONAL PAPER No. 9
TABLE XLIV— ABSTRACT OF AUTOMOBILE (A) INSURANCE IN CANADA FOR THE YEAR 1920
123
Companies
Premiums
for
the Year
Losses
incurred
during
the
Year
Claims
Paid
Reserve for
Unsettled Claims
Not
Resisted
Resisted
jBtna Insurance
Alliance Assurance
Alliance Insurance
American Alliance
American Central
British America
British Crown
British Traders
Canada Accident
Canada Security
Canadian Fire
Canadian Surety
Car and General
Columbia
Continental Insurance
Dominion Fire
Dominion of Canada Guarantee and Accident . . .
Eagle, Star and British Dominions
Employers' Liability
Equitable Fire
Fidelity-Phenix
Fireman's Fund
General Accident, Fire and Life
General Accident of Canada
Glens Falls
Globe and Rutgers
Great American
Guardian Insurance Company of Canada
Hartford Fire
Home Insurance Co
Imperial Guarantee and Accident. . ^
Insurance Company of North America
Law, Union and Rock
London and Lancashire Insurance
London and Lancashire Guarantee and Accident.
London Guarantee and Accident
London Mutual
Marine Insurance Company
Motor Union
National-Ben Franklin
National Fire
Newark
New Jersey
Niagara
North American Accident
Northern Assurance
Northwestern Mutual
Northwestern National
Norwich Union
Occidental
Ocean Accident and Guarantee
Pacific Marine
Palatine
Phoenix Insurance
Providence Washington
Queen of America
Railway Passengers
Royal Exchange
St. Paul Fire and Marine
Scottish Metropolitan
Scottish Union and National
Springfield
Traders and General
Union Assurance
Union Marine
Union of Canton .
United States Fire
Western Assurance
Totals.
28,465
32,045
13,076
189
353
. 87,560
155,779
65,611
38,380
2,653
14,669
20,523
24,267
68,307
6,515
9,313
139,033
12,220
98,772
109
6,258
17,294
27,851
19,899
32,182
23,323
33,218
30.325
50,228
99,581
53,593
70,830
6,156
47,728
42,238
45,012
20,512
42.855
123,731
71
312
2,627
5,493
10,963
19,746
27,179
2,732
25,947
86,853
8,598
133,975
143
3,696
24,241
27,738
56,089
26,918
53,780
51,888
23,810
16,070
5,742
3,794
3,911
12,546
44,151
2,233
74,674
2,366,540
11,045
16,862
2,687
Nona.
None.
47,176
108,926
51,535
34,290
87
1,413
17,341
9,706
29,457
4.191
5,313
60,364
None,
60,766
None.
4,191
4,484
18,878
6,807
35,949
4,125
18,765
15,413
11,291
35,223
28,015
49,505
6,249
16,858
11,560
33,671
2,339
7,887
42,968
45
None.
360
2,418
6,175
26,942
22,122
64
9,345
35,114
4,867
84,042
None.
970
23,549
16,707
31,054
12.755
29.546
15.461
12,683
6.591
None.
None.
1,101
11,014
35,510
None.
46,469
1,250,241
8,851
2.522
18,490
1,772
2,551
135
None.
None.
None.
None.
49,296
3.361
104,743
11.853
34,456
17.174
41,570
2.445
87
None.
1.447
176
14.561
2.813
8.244
1,480
22,134
18,32.3
4.191
None.
5.313
None,
61.742
4,59£
None.
None.
53.290
8,672
None.
None.
4,191
None.
6,611
383
18,263
4,594
4,555
2,252
36,671
1,358
4,084
91
17,968
2,822
21.558
4,181
10.895
43b
31,184
11,985
25,225
7,02C
44,824
5,469
3,808
2,441
17,458
2,15C
13,923
746
34.183
4,630
2,339
None.
11,343
2,217
30,368
15,60C
1,725
None.
None.
None.
360
None.
2,419
346
6,666
205
23,128
6,509
13,206
8,916
64
None.
10,557
1,442
36,739
3,547
3,941
926
74,256
12,350
None.
None.
529
441
20,251
3,299
14.130
2,682
22.353
9,375
11.679
1,600
39.011
1,226
25,681
2,946
11.586
None.
None.
569
10,047
30,536
None.
47,367
1,186.655
2.045
1.173
None.
None.
532
1.332
5,104
None.
2.861
212.658
None.
None.
None.
None.
None.
None.
None.
None.
200
None.
None.
None.
None.
None.
None.
None.
None.
None.
None.
None
None.
None.
None.
None.
2.50fl
None.
None.
None.
None.
None.
None.
None
None.
None.
None.
None.
None.
None,
None.
None .
None.
None.
None.
None.
None.
None.
None
None.
None.
None.
None,
None.
None,
None.
None.
None
None
None.
None.
None.
None.
None.
None.
None.
None.
None.
210
900
124
DEPART MEM OP INSURANCE
11 GEORGE V, A. 1921
TAuLE XLIV— ABSTRACT OF AUTOMOBILE (B; INSURANCE IN CANADA FOR THE YEAR 1920
Companies
Premiums
for
the Year
incurred
during
the Year
Claims
Paid
Unsettled Claims
Not resisted Resisted
iEtna Insurance
Allianct' Assurance
Alliance Insurance
American Alliance. . .
British America
British Traders
Canada Accident ,
Canada Security .-
Canadian Fire
Canadian Surety
Casualty Company of Canada ,
Car and General
Columbia Insurance
Continental Casualty
Continental Insurance -.
Dominion Fire
Dominion Gre.sham
Dominion of Canada Guarantee and Accident
Employers' Liability
Fidelity and Casualty
Fidelity-Phenix
General Accident of Canada .
General Animals
Glens Falls
Globe and Rutgers
Globe Indemnity
CJreat American
Guardian Insurance Company of Canada.
Hartford Accident
Home
Imperial Guarantee andAccident. .
Insurance Company of North America
Law, Union and Hock
London and Lancashire Guarantee and Accident..
London and Lancashire Insurance
London Guarantee and Accident
London Mutual
Lumbermen's Mutual Casualty
Marine
Maryland Casualty
Merchants and Employers
Motor Union
Newark
Niagara
North American Accident. . .
Northern Assurance
Northwestern Mutual
Northwestern National —
Norwich L'nion
Occidental
Ocean Accident
Pacific Marine
Palatine
Preferred Accident
Providence Washington.
Queen
Rai 1 way Passengers
Royal Exchange
Royal Indemnity
St. Paul
Scottish Metropolitan
Scottish Union
Traders and General
Tr.ivelers Indemnity
Union .■Vssurance
Union Marine
I'nion of Canton
United States Fidelity and Guaranty
Western A.ssurance
Yorkshire
Total
6,
26,
11,
83,
54,
66
4
10
45,
1,
6,
13,
18,
2,
3,
60,
94,
272,
11,
2,
143
26
9
11
154.
29,
85,
None
18,
50,
14,
28,
125,
2
149
20
21
41,
40
53
1,
51
38,
2,
14
120
7,
144,
2,
16,
6,
24,
85,
87,
16,
8,
18,
11,
3,
100,
1,
7,
63,
104,
55,
63,
1,670
4,702
6,070
59
38,346
26,112
34,335
1,537
3,247
16.924
70
3,156
19,815
7,292
1,
4,705
33,680
62,944
135,376
15,719
1,899
72,458
18,931
10,106
6,162
107,331
29,051
54,292
None.
27,645
26,647
11,890
37,299
67,201
17,223
82,257
8,546
None.
15,935
19,634
30,685
14,477
20
1,018
29,45«!
20,172
2,643
14,111
44,288
4,707
59,748
65
396
6,502;
1,038
18,287
.39, 108
33,231
11,022
9,! '
10','905
1,215
51,715
10
1,744
38,510
"73.280
17,741
21.675
2,886,941
1,670
11,613
4,804
None.
39,379
24,910
28,902
912
2,957
13,992
70
2,406
9.667
6,355
1,874
4,275
31,. 375
58,926
129,376
17,615
1,874
105,764
17,928
6,841
5,547
100,831
20,271
_ 55,875
None.
25,786
19,687
6.777
19,196
59,484
7,139
71,484
5,722
None.
13,085
19,513
20,240
13,077
20
1,038
28,827
15,461
2,085
11,829
50,520
1,6.36
62,448
2
231
7,300
1,479
20,082
42,148
38,754
5,144
8,220
6,479
8,476
None.
49,235
10
417
33,461
70.120
24.759
29, 234 1
1.506.6141
None.
3,514
1,266
59
6,298
2,357
11,170
625
290
182
None.
1,125
10,148
1,212
25
430
9,877
7,904
28,000
991
25
8,694
1,003
3,265
615
20,000
8,780
19,863
None.
1,859
10,289
5,509
6,011
14,356
885
30,785
2,825
None.
2,851
5, 156
2,274
1,400
None.
50
6,691
4,711
559
2,282
9,586
3,071
24,300
63
165
702
36S
1,.530
9.570
2,015
5,878
1,769
1,815
'2,429
1,215
105,243
None.
1,326
6,829
5,395
432
9.472
439.584
None.
None,
None.
None.
130
250
None.
None.
None
4,750
None .
None.
None
75
None
None.
None.
None.
13,000
5,000
None.
None.
None.
None.
None.
None.
None.
None.
None.
None.
None.
None.
16,125
1,735
9,200
None.
None.
None.
None.
None.
12,565
None.
None.
None.
None.
None.
None.
None.
None.
None.
None.
None.
None.
None.
None.
None.
623
None.
None.
None.
None.
None.
None.
None.
None. •
None.
None.
6,900
50
None. -
70.445
ABSTRACT OF STATEMENTS
125
SESSIONAL PAPER No. 9
TABLE XLIV-ABSTRACT OF BURGLARY INSURANCE IN CANADA FOR THE YEAR 1920
Companiea
Premiums
for
the Year
Losses
incurred
during
the Year
Claims
Paid
Unsettled Claims
Not resisted Resisted
Alliance Assurance
American Surety
Canada Accident
Canadian Surety
Dominion Gresham
Dom. of Canada G'tee & Acc't
Employers' Liability
Fidelity & Casualty
General Accident of Canada
Globe Indemnity
Guardian Ins. Co. of Canada
Law, Union & Rock
London and Lancashire G'tee and Accident
Maryland Casualty
National Surety
North American Acc't
Northern Assurance
Ocean Accident & G'tee
Railway Passengers
Royal Indemnity.
Travelers Indemnity
United States Fidelity & Guaranty
$
5,774
14,132
8,293
19,239
60,203
10,659
8,969
39,340
8,023
12,780
9,494
13,947
789
61,092
9,410
1,382
26
5,838
1.843
24,588
70,770
94,415
3,190
1,932
2,512
10,205
39,486
4,849
2,310
23,348
2,322
14,275
6,170
6,491
81
35,085
6,818
328
None.
3,729
434
7,723
17,005
55,721
3,038
977
1,917
8,988
41,535
5,412
2,110
28,667
1,548
6,962
7,164
6,305
81
20,931
6,818
328
None.
1,729
359
6,309
7,184
45,621
253
1,230
675
444
6,060
737
200
1,051
774
8,000
2,159
1,100
None.
17,208
None.
None.
None.
2,500
125
1,414
10,853
4,500
None.
None.
None.
1,995
None.
None.
None.
None.
None.
None.
None.
None.
None.
None.
None.
None.
None.
None.
None.
None.
None.
6.500
481,006
244,014
203,983
59,283
8,495
ABSTRACT OF LIABILITY INSURANCE IN CANADA FOR THE YEAR 1920
Alliance Assurance
Canada Accident
Car and General
Continental Casualty
Dominion Gresham
Employers' Liability
Fidelity & Casualty
General Accident of Canada
Globe Indemnity
Guardian Ins. Co. of Canada
Imperial G 'tee & Acc't Co
Law, Union & Rock
London G'tee & Acc't
London & Lancashire G'tee & Acc't.
Maryland Casualty
Merchants <fe Employers
North American Accident
Northern Assurance
Norwich Union Fire
Ocean Accident & Guarantee
Railway Passengers
Royal Exchange
Royal Indemnity
Scottish Metropolitan
Security Mutual Casualty
Travelers Insurance.
United States Fidelity & Guaranty.,
Yorkshire
33,110
29,489
22,223
12,789
None.
134,138
66,764
72,905
32,847
None.
1,522
25
85
None.
None.
1,532
3,511
125
3,386
None.
36,714
22,080
17,690
7,630
None.
684,184
363,613
373,613
150,000
50,000
7,730
- 651
120
79
None.
97,470
25,675
35,795
14,880
None.
188,881
109,729
92,670
63,630
None.
55,787
28,887
30,743
12,421
None.
2,280
637
702
None.
None.
44,687
5,561
12,666
9,895
2,000
173,582
79,142
84,275
137,673
None.
23,342
22,271
16,219
6,144
5,325
94,810
57,762
46,084
51,245
None.
130,809
75,045
76,547
12,173
9,725
329, 143
230,747
207,867
133,007
None.
7,719
5,957
3,477
2,480
None.
30,229
10,954
15,408
4,412
1,375
216,564
111,242
75,273
108,807
None.
119,189
46,852
38,012
44,110
2.000
35,588
17,656
18,170
6,792
None.
1,696
980
365
615
None.
170,634
108,040
88,270
27,895
4,750
11,086
4,992
4,829
3,369
None.
353,343
115,010
127,790
46,754
None.
70,221
41,373
45,403
9,465
5,000
105,387
44,870
27,985
40,518
None.
3,161,377
1,628,213
1,535,311
943,016
80,175
ABSTRACT OF EXPLOSION INSURANCE IN CANADA FOR THE YEAR 1920
Continental Insurance
Employers' Liability
Equitable Fire
Fidelity-Phenix
Glens Falls
Globe and Rutgers
Great American
Hartford Fire
Home Insurance
Insurance Co. of North America
Liverpool-Manitoba
Niagara Fire.
Providence Washington
Scottish Union <4 National
United States Fire Ins. Co
Westchester
Western
4,021
None.
None.
None.
None.
None.
None.
None.
None.
None.
401
None.
None.
None.
None.
7,068
None.
None.
None.
None.
5,379
None.
None.
None.
None.
77,360
None.
None.
None.
None.
- 214
None.
None.
None.
None.
23,930
None.
None.
None.
None.
15,962
None.
None.
None.
None.
27,610
None.
None.
None.
None
553
None.
None.
None.
None.
4,019
None.
None.
None.
None.
931
None.
None.
None.
None.
17
None.
None.
None.
None.
1,879
None.
None.
None.
None.
1,308
None.
None.
None.
None.
1.949
None.
None.
None.
None
172,173
None.
None.
None.
None.
126
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
TABLE XLIV.— ABSTRACT OF FORGERY INSURANCE IN CANADA FOR THE YEAR 1920
Companies
Premiums
for
the Year
Losses
incurred
during
fhe Year
Claims
Paid
Unsettled Claims
Not resisted
Resisted
Canadian Surety
$
636
$
None.
$
None.
S
None.
S
636
None.
None.
None.
None.
ABSTRACT OF GUARANTEE INSURANCE IN CANADA FOR THE YEAR 1920
Alliance Assurance
American Surety
Canada Accident
Canadian Surety
Dominion Gresham
Dominion of Canada G'tee&Acc't.
Employers' Liability
General Accident of Canada
Globe Indemnity
Grain Insurance
Guarantee Co. of North America...
Guardian Insurance Co
Imperial G'tee <Sr Acc't
International Fidelity
London Guarantee & Accident
London & Lancashire G'tee & Acc't
Maryland Casualty
National Surety Co
Northern Assurance
Ocean Accident & Guranatee
Railway Passengers
Royal Indemnity
Scottish Metropolitan
United States Fidelity & Guaranty.
12,145
54,102
20,624
88,491
7,087
52,372
89,928
19,949
8,956
60,825
122,856
13,684
45,555
7,022
127,368
36,704
31,796
96,845
1,528
27,231
12,609
48,301
807
285,677
1,272,462
2,826
31,035
5,402
22,139
1,050
10,632
31,838
3,241
6,455
650
36,845
- 810
5,734
841
30,650
1,794
- 8,074
37,924
None.
7,294
- 227
2,703
None.
82,535
312,477
1,697
5,307
5,252
9,955
590
10,271
27,838
2,166
- 385
None.
12,808
- 627
5,734
1,678
24,540
9,652
710
23,724
None.
- 596
348
None.
None.
37,283
178,035
2.230
32,304
1,450
20.366
460
6,278
24,500
1,900
13,000
650
30,397
1,382
9,300
None.
16,910
1,733
10,002
30,-529
None.
9,360
75
2,703
None.
110,664
None.
None.
None.
1,500
None.
None.
1,500
None.
None.
None.
10,009
None.
900
None.
25,000
2,500
None.
None.
None.
None.
3,00«
None.
None.
5,55t
326,193
49.950
GUARANTEE COMPANY OF NORTH AMERICA
In Canada
122,856
220,844
36,845
9,254
12,898
49,736
30.397
25,819
10,00*
In other countries
343.700
46,099
62.634
56,216
10,00*
ABSTRACT OF HAH. INSURANCE IN CANADA FOR THE YEAR 1920
Acadia Fire
Alliance Assurance
Bee Hail
British America
British Crown
British Traders
Canada Security
Canadian Indemnity
Car and General
Connecticut Fire
Continental Insurance
Dominion Fire
Eagle, Star & British Dominions.
Employers' Liability
Excess
Federal
FideUty-Phenix
General Accident of Canada
General Accident, Fire and Life. .
Glens Falls
Great American
Hartford Firo
Home Insurance
London Guarantee & Accident
Merchants Fire
Phoenix Insurance
Union of Canton
Westchester
35,153
7,570
7,570
None.
None.
190,060
68,215
68,215
None.
None.
135,489
75,062
75,062
None.
None.
280,594
101,334
101,334
None.
None.
222,018
95,523
95,523
None.
None.
118.792
47,312
47,312
None.
None.
277,817
141,524
153,492
2,396
None.
289,414
92,945
92,945
None.
None.
331.781
115,715
115,715
None.
None.
176.316
83,628
83,730
26
None.
175,991
77,350
77,350
None.
None.
141,299
72,510
63,462
None.
None.
103,951
45,372
45,372
None.
None.
197,462
90,024
90,024
None.
None)
173.601
69,660
69,660
None.
None.
113,239
51,398
51,398
None.
None.
175.991
76,891
76,891
None.
None.
23.846
8,161
8,231
15
None.
231,219
62,132
62,171
None.
None.
176,927
82,729
83,229
700
None.
94,676
26,288
26,153
135
None.
681,923
294,740
294,809
None.
None.
717.449
286,234
286,390
382
None.
127,102
29,063
29,062
None.
None.
105,042
56,285
56,285
None.
None.
176,317
80,683
83.729
26
None.
146,716
48,956
48.956
None.
None.
176.317
83,628
83,730
- 26
None.
5.796.602
2,370,932
2,377,801
3.550
None.
ABSTRACT OF STATEMENTS
127
SESSIONAL PAPER No. 9
TABLE XLIV— ABSTRACT OF INLAND TRANSPORTATION INSURANCE IN CANADA FOR THE
YEAR, 1920
Companies
Premiums
for
the Year
Losses
incurred
during
the Year
Claims
Paid
Reserved for
Unsettled Claims
Not resisted
Resisted
$
132
31,279
5,210
1,008
11,262
20,861
4,397
1,430
60,968
23,349
5,520
44,838
10,944
53
43,348
10,738
581
95,235
52,692
S
None
393
9,096
None
1,554
32,630
4,440
34
38,232
None
None
4,808
3,219
None
9,477
222
9
109,940
9,916
$
None
393
28
None
3,054
8,698
3,940
34
37,892
250
None
4,808
3,219
None
10,732
222
" 9
123,804
14,813
$
None
None
9,068
None
None
24,053
500
None
1,082
None
None
None
None
None
1,093
None
None
10,589
2,132
S
None
None
None
None
None
None
Glens Falls
None
None
None
None
None
None
None
None
None
None
None
None
Western ...
None
423,845
223,970
211,896
48,517
None
ABSTRACT OF LIVE STOCK INSURANCE IN CANADA FOR THE YEAR 1920
73,522
37,924
33,094
19,766
31,976
17,611
5,282
3,510
None
None
111,446
52.860
49,587
8,792
None
ABSTRACT OF PLATE GLASS INSURANCE IN CANADA FOR THE YEAR 1920
AlUance Assurance
Canada Accident
Canadian Surety
Casualty Co. of Canada
Dominion Gresham
Dom. of Canada G'tee and Acc't Co
Fidelity & Casualty
General Animals
Guardian Insurance Go. of Canada
Imperial Guarantee and Accident
Law, Union and Rock
Lloyds Plate Glass
London & Lane. Guarantee and Accident
Maryland Casualty
Merchant's & Employers'
Mount Royal
National Prov. Plate Glass
New York Plate Glass
North American Accidont
Northern Assurance
Norwich Union Fire
Ocean Accident & Guarantee
Railway Passengers
Travelers Indemnity
United vStates Fidelity & Guaranty
Yorkshire
7,605
4,103
3,295
958
None
29,183
16,242
15,552
2,570
None
9,576
8,300
8,390
330
None
27,786
13,020
13,084
3,136
None
10,223
3,614
3,364
260
None
40,392
28,739
29,787
2,648
None
19,133
14,704
15,570
475
None
23,879
8,789
9,024
106
None
19,883
14,404
13.760
1,862
None
9,028
7,362
7,022
915
None
10,504
6,485
5,881
604
None
80,262
52,978
53,489
5,988
None
32,813
20,751
19,348
4.297
None
13,459
9,793
9,431
1,136
None
27,620
21,327
21,145
1,964
None
28,710
13,019
12,779
240
None
17,891
17,642
19,549
None
None
32,913
18,249
19,219
3,324
None
36,136
19,243
20,189
1,365
None
12,186
2,975
2,795
180
None
33,515
13,108
13,337
2,021
None
84,907
50,107
50,447
3,660
None
43,129
24,732
22,134
6,570
30«
9,442
3,723
3,663
378
None
15,217
10,322
10,067
1,235
None
14,687
8,082
7,072
1,948
None
690,079
411,813
409,393
48,160
300
128 DEPARTMENT OF liVSURANCE
11 GEORGE V, A. 1921
TABLE XLIV— ABSTRACT OF SICKNESS INSURANCE IN CANADA FOR THE YEAR 1920
Companies
Alliance Assurance
Canada Accident
Car and General
Continental Casualty
Dominion Gresham _.
Dom. of Canada Guarantee and Accident.
Employers' Liability
Fidelity & Casualty
General Accident of Canada
Globe Indemnity
Guardian Ins. ol Canada
Imperial G'tee & Acc't
Law, Union & Rock
London & Lane. Guarantee and Accident..
London Guarantee & Acc't
Maryland Assurance
Maryland Casualty
Merchants & Employers
National Benefit
North American Accident
Northern Assurance
Norwich Union Fire
Ocean Accident & Guarantee
Preferred Accident
Railway Passengers
Royal Exchange
Royal Indemnity
Scottish Metropolitan
Travelers' Indemnity
United States Fidelity & Guaranty
Yorkshire
Premiums
for
the year
$
65,
36.
3,
51,
42,
155,
109,
99.
36,
130,
42,
129,
8,
95,
43,
14,
46,
3,
2,
31,
12,
73,
95,
6,
31,
7
1,
20,
133,
28,
23
Losses
incurred
during
the Year
S
48,733
25,141
817
16,097
27,638
103.216
75.276
70,757
25,074
75,170
39,355
64,869
15,534
79,672
24,856
34,760
11,886
2,452
10
22,427
3,999
.57,293
47,142
5,740
21,891
3,855
418
10.134
83,193
24,933
29.168
Claims
Paid
45,894
27,106
747
15.251
25.735
104,500
75,276
81,387
25,856
79,209
44,124
67,280
16,090
80.096
20,726
47,3 8
6, 81
2,473
10
22,671
3,109
54,610
51,942
6,239
20,736
4,900
313
10,526
80,696
23,563
29,538
1,576,317 1,051,5061 1,073,991
Reserve for
Unsettled Claims
Not resisted Resisted
S
6,695
3,800
175
2,398
3,830
20.364
13.000
7,030
4,218
12,000
4,814
9,275
1,952
17,018
9,135
1,665
6,194
None
None
2,927
890
9,059
8,200
150
4,0.55
215
105
638
11,372
3,800
5,124
170,098
S
None
None
None
None
None
None
None
None
None
None
None
None
None
None
None
None
None
None
None
None
Xone
None
None
None
None
None
None
None
None
None
500
500
ABSTRACT OF SPRINKLER LEAKAGE INSURANCE IN CANADA FOR THE YEAR 1920
3,211
1,048
1,106
25,274
10,675
51,780
2,062
3,648
3,587
1,465
None
11,438
7,161
44,360
480
None
3,785
1,465
None
11,524
5,191
50,788
None
None
558
None
None
None
2,075
10,936
600
None
None
None
None
Hartford Fire
None
None
None
None
None
98,804
68,491
72,753
14,169
None
ABSTRACT OF STEAM BOILER INSURANCE IN
CANADA
FOR THE
YEAR 1920
132,922
900
35,941
48,105
1,300
36,378
12,593
55,346
5,135
None
2,789
2,525
None
2,060
None
5,015
5,135
None
3,939
1,745
None
2,060
None
3,251
None
None
453
972
None
None
None
2,214
None
None
Fidelity & Casualty
11.767
None
None
None
None
None
323,485
17,524
16,130
3.639
11.767
ABSTRACT OF TITLE INSURANCE IN CANADA FOR THE YEAR 1920
None 1 None
None
None
None
None 1 None
None
None
None
ABSTRACT OF TORNADO INSURANCE IN CANADA FOR THE YEAR 1920
4,223
3,182
3,753
3,416
2,300
3,312
48,381
67,928
1,466
650
1,443
329
407
13,959
785
2,742
45
11,381
9,992
50
603
71
1,814
3,840
9,216
70
None
523
46
50
4,523
244
5,398
None
1,381
1,178
None
558
180
2,244
29,426
107,131
70
None
518
194
45
12,719
244
43
None
10,021
8,814
50
85
None
100
647
5,932
None
None
5
30
6
853
None
5,400
None
None
None
None
None
Glens Falls
None
None
Hartford Fire
None
None
None
None
None
None
None
St. Paul Fire & Marine .
None
None
None
United States Fire
None
158,321
29.155
155,931
31,943
None
ABSTRACT OF STATEMENTS
129
SESSIONAL PAPER No. 9
Table XLV — Abstract of Accident, Guarantee, Plate Glass, Sickness, etc., business transacted
by Companies which transact more than one class of business of casualty insurance.
CASUALTY COMPANY OF CANADA.
Net cash
received for
Premiums.
Losses
incurred
during
the
Year.
Claims
Paid.
Reserve for
Un.settled Claims.
Remarks.
Nature of Business.
Not
Resisted.
Resisted.
S
1,091
27,786
S
70
13,020
$
70
13,084
$
None.
3,136
%
None.
None.
ITotal business,
/ December 31, 1920.
Plate Glass
28.877
13.090
13.154
3,136
None.
THE DOMINION GRESHAM GUARANTEE AND CASUALTY COMPANY.
41,912
60,050
60,203
7.087
36,714
10,223
42,546
14.502
33,680
39,486
1,050
22,080
3,614
27,638
21,6.57
31,375
41,535
5y0
17,690
3.364
25.735
2.289
9.877
6,060
460
7,630
250
3,830
None.
None.
None.
None.
None.
None.
None.
Auto (B)
Burglary
Total business
[ December 31, 1920.
Plate Glass
258,735
142,050
141,946
30,396
None.
THE GENERAL ANIMALS INSURANCE COMPANY OF CANADA.
Auto (B) in Canada
Live Stock — in Canada..
Live Stock — in other
26,027
73,522
250
23,879
18.931
33,094
None.
8,789
17,928
31,976
None.
9,024
1,003
5,282
None.
106
None.
None.
None.
None.
!
y Total business
December 31, 1920.
Plate Glass — in Canada.
123,687
60,814
58,928
6,391
None.
MERCHANTS' AND EMPLOYERS' GUARANTEE AND ACCIDENT COMPANY.
Accident
Accident and Sick.>e3
Combined
Auto(B)
Liability
Plate Glass
Sickness
3,250
40,126
40,697
130.809
27,620
3.291
245.793
785
17,792
30,685
75,045
21.327
2.452
148,088
785
18.689
20.240
76.547
21,145
2,473
139,879
None.
2.819
2,274
12,173
1,964
None.
19.230
None.
120
12,565
9.725
None.
None.
22,410
I Total business
December 31, 1920.
AMERICAN SURETY COMPANY OF NEW YORK.
14,132
54.102
1,932
31,035
977
5,307
1,2.30
32.304
None.
None.
lln Canada, Decem-
/ ber, 31, 1920.
68,234
32,967
6,284
33,. 534
None.
THE BRITISH AND FOREIGN MARINE INSURANCE COMPANY, LIMITED.
Inland Transportation.. .
Sprinkler Leakage
1.008
1.048
None.
1,465
None.
1,465
None.
None.
None.
None.
lln Canada, Decem-
J ber 31, 1920.
2.056
1,465
1,465
None.
None.
CONTINENTAL CASUALTY COMPANY.
Accident..
Auto (B).
Liability.
Sickness..
9—9
55,391
18,280
1,532
51,767
126,970
20,891
7.292
3.511
16,097
47,791
21,179
6.355
125
15,251
42.910
4.. 501
1,212
3,386
2.398
11,497
None.
None.
None.
75
75
tin Canada, Decem-
ber 31, 1920.
130
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
Table XLV — Abstract of Accident, Guarantee, Plate Glass, Sickness, etc., business transacted
bj' Companies which transact more than one class of business of casualty insurance — Continued.
THE FIDELITY AND CASUALTY COMPANY OF NEW YORK.
Net cash
received for
Premiums.
Losses
incurred
during
the
Year.
Claims
Paid.
Reserve for
Unsettl ed Claims.
Remarks.
Nature of Business.
Not
Resisted.
Resisted.
S
82,344
11,948
39,340
7,730
19,133
99,887
35,941
$
43,323
15,719
23,348
-651
14,704
70,757
2,789
$
62,404
17,615
t
5,272
991
$
None.
5,000
None.
None.
None.
None.
11.767
,
Auto (B;...
28,667 1,051
120 79
15,570 475
81,387 1 7,030
3,939 ; 453
In Canada, Decem-
ber 31, 1920.
Plate Glass
Sickness
Steam Boiler
. ■ 1
296,323
169,989
209,702 j ■ 15,351
16,767
MARYLAND. ASSURANCE COMPANY.
Accident
Sickness
13,268
14,961
5,616
34,760
15,228
47,308
780
1,665
None.
None.
lln Canada, Decem-
/ ber, 31, 1920.
28,229
40,376
62,536
2,445
None.
HARTFORD ACCIDENT AND INDEMNITY COMPANY.
None.
None.
None.
None.
None.
None.
None.
None.
None.
None.
None.
None.
None.
None.
None.
None.
None.
None. ■
None.
None.
None.
None
None.
None.
None.
None.
None.
None.
None.
None.
None.
None.
None.
None.
None.
None.
None.
None.
None.
None.
In Canada, Decem-
ber 31, 1920.
Plate Glass
None.
None.
None.
None.
None.
MARYLAND CASUALTY COMPANY.
40,986
• 41,401
61,092
31,796
94,810
13,4.59
46,222
51,780
36,378
20,728
19,634
35,085
-8,074
57,762
9,793
11,886
44,360
2,060
17,469
19,513
20,931
710
46,084
9,431
6,081
50,788
2,060
3,259
5,156
17,208
10,002
51,245
1 , 1.36
6,194
10,936
None.
None.
None.
None.
None.
None.
None.
None.
None.
None.
Auto (B)
In Canada, Decem-
ber 31, 1920.
Plate Glass
Sprinkler Leakage
417,924
193,2.34
173,067
105,136
None.
NATIONAL SURETY COMPANY.
9,410
96,845
6,818
37,924
6,818
23,724
None.
30,629
None.
None.
\In Canada, Decem-
/ ber 31, 1920.
Guarantee
106,255
44,742
30,542
30,529
None.
THE PREFERRED ACCIDENT INSURANCE COMPANY OF NEW YORK.
9,469
16,493
6,371
2,201
6,502
5,740
1,889
7,300
6,239
663
702
150
None.
None.
None.
1 In Canada, Decem-
Auto (Bi
ber 31, 1920.
Sickness
32,333
14,443
15,428
1,515
None.
ABSTRACT OF STATEMENTS
131
SESSIONAL PAPER No. 9
Table XLV— Abstraci ol Accident, Guai'antee, Plate Glass, Sickness, etc., busines-s transacted
by Companies which transact more than one class of business of casualty insurance — Concluded. -
ROYAL INDEMNITY COMPANY.
Net cash
received for
Premiums.
Losses
incurred
during
the
Year.
Claims
Paid.
Reserve for
Unsettled Claims.
Remarks.
Nature of Business.
Not
Resisted.
Resisted.
$
2,525
16,184
24,588
48,301
1,533
12,593
1,696
S
850
$
$
400
5,878
1,414
2,703
105
None.
615
$
None:
None.
None.
None.
None.
None.
None.
Auto (B)
11,022 5,144
7 723 fi ano
In Canada, Decem-
ber 31, 1920.
Guarantee
Sickness
Steam Boiler 7"'. .
2,703
418
None.
980
None.
313
None.
365
107.420
23.696
12,581
11,115
None.
Accident.
Liability.
TRAMSLERS INDEMNITY COMPANY. HARTFORD, CONN.
Accident
Auto (B)
Burglary
Plate Glass..
Sickness
Steam Boiler
43,337
100,786
70,770
0,442
133,787
55,346
413,468
27,461
51,715
17,005
3,723
83,193
5,015
188,112
14,950
49,2.35
7.184
3,663
80,686
3,251
158,979
15.480
105,243
10,853
.378
11,372
2,214
145,540
None.
None.
None.
None.
None.
None.
None.
TRAVELERS INSURANCE COMPANY, HARTFORD, CONN.
242,752
353,343
57,955
115,010
73,989
127,790
172,965
201,779
2,982
46,754
40,736
None.
None.
None.
UNITED STATES FIDELITY AND GUARANTY COMPANY.
In Canada, Decem-
ber 31, 1920.
^In Canada,*^ Decem-
' ber 31. 1920.
Accident. . .
Auto (B)...
Burglary...
Guarantee.
Liability...
Plate Glass
Sickness. . .
32,933
104,684
94,415
285,677
70,221
15,217
28,384
631,531
7,996
73,280
55,721
82,535
41,373
10,322
24,933
296,160
4,866
3,570
None.
70,120
5,595
6,900
45,621
4,500
6,500
37,283
110,664
5,550
45,403
9,465
5.000
10,067
1,235
None.
23,563
3,800
None.
236,923
138,829
23,950
In Canada, Decem-
ber 31, 1920.
132
DEPARTMENT OF INSURANCE
11 GEORGE V. A. 1921
CASUALTY INSURANCE IN CANADA, 1920.
(Including business of Provincial licensees.)
NET PREMIUMS RECEIVED.
Class of business.
Dominion
Licensees.
Provincial Licensees.
(a)
Prov. Cos.
within
provinces
by which
they are
incorp.
(b)
Prov. Cos.
within prov.
other than
tiiose by
which they ,
are incorp.
Total
Provincial
Licensees.
Grand
Totals.
Accident
Accident and Sickness combined. . . .
" " (Fraternals).
Automobile f'A')
Automobile CB')
Burglary
Liability
Explosion
Funeral
(Fraternals)
Forgery
Guarantee
Hail.
2,340,732
1,073,158
2,366,540
2,886,S41
481,006
3,161,377
172,173
$
8,681
101,546
35,114
30,898
35,482
13,990
165,626
{
680
90,901
13,091
35,793
7,547
15
Inland Transportation
Live Stock
Plate Glass
Sickness
" (Fraternals)
Sickness and Funeral (Fraternals) combined
ISprinkler Leakage
Steam Boiler
Title
Tornado
Weather
636
1,272,462
5,796,502
423,845
111,446
690,079
1,576,317
129,105
31,489
38,446
487,426
7,646
238,664
19,566
136,270
5,900
564,702
282,924
11,754
2,155
83
144,959
106,082
98,804
323,485
$
9,361
191', 447
48,205
66,691
43,029
14,005
165,626
129,105
31,489
46,092
726,090-
31,320
138,425
5,983
709,661
389,006
2,350,093
1,265,605
48,205
2,433,231
2,929,970
495,011
3,327,003
172,173
129,105
31,489
636
1,318,554
6,522,592
423,845
142,766
828,504
1,582,300
709,661
389,006
98,804
323,485
158,321
222,772
2,146
224,918
Totals.
22,933,824
2,309.937
661,516
2,971,453
158,321
224,918
25,905,277
NET LOSSES PAID.
1
?
Accident
949,711
543,358
8,288
43,565
34,881
16,870
16,946
7,232
104,713
5.101
31.544
14,005
11,319
4,857
13,389
75,109
48,886
28,189
21,803
7,232
104,713
963,100
618 467
" " (Fraternals
48,886
3
1,186,655
1,506,614
203,983
1,535,311
1,214,844
4
Automobile CB')
1 528 417
5
Burglary
211,215
6
1,640,024
7
8
30,016
92,601
30,016
92,601
30,016
92,601
Q
in
178,0.35
2,377,801
211,674
49,587
409,393
1,073,991
7,593
146,292
77
82.324
7,670
228,616
185,705
11
Hail
2,606,417
I?
211,674
13
14
Live Stock
Plate Glass
7,153
67,211
2,825
485,389
87,914
4,555
2,439
11,708
69,650
2,825
552,898
193,347
61,295
479,043
15
1,076,816
" (Fraternals)
67,509
105,433
552,898
16
Sickness and Funeral Combined (Fraternal)
Sprinkler leakage
193,. 347
17
72,753
16,130
72,753
18
16,130
19
Title
?n
Tornado
155,931
155,931
?.\
200.742
341
201,083
201,083
Totals
10,470,927
1,360.231
329,504
1,689,735
12,160,662
11 GEORGE V SESSIONAL PAPER No. 9 A. 1921
ABSTRACT
OF STATEMENTS MADE BY COMPANIES LICENSED TO TRANSACT
THE BUSINESS OF LIFE INSURANCE IN CANADA, FOR THE
YEAR 1920, IN ACCORDANCE WITH THE
INSURANCE ACT, 1917.
133
134
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
ABSTRACT OF LIFE INSURANCE
(DATE OF RETURN
Total
Net
Assurance
Premium
Income
Considera-
tion for
Annuities
New Assurance Policies issued and
paid for in Cash
Company,
Number
Gross
Amount
Net
Amount
1
Canadian Companies
Canada f ((a)
$
6,919,308
4,322,085
11,241,393
24,038
S
33,080
302,055
335,135
11,709
6,815
18,524
18
$
35,503,238
21,965,376
57,488,614
2,148,470
$
34,485 571
Ordinary
Grouo .
.(b)
19,711,396
(c)
54.198.987
(o)
2,148,470
.{(6)
(c)
24,038
215,769
22,586
3,648,031
1,328,316
4,976,347
587,867
848,576
1,480,184
476
38,004
1,281,807
1,222
7,805,827
208,573
8,012,400
5,097
3,495,503
488,233
3,981,738
2,097,747
4,071
2,101,818
1,405,699
2,488
4,003,281
2,757,152
6,760,413
498
735,386
7,526,686
53,091
7,579,777
931,833
10,706
942,539
3,045,385
301,274
3,346,659
755,182
128,904
289,015
103,097
413,394
8,838,945
12,023,353
20,862,298
19,626
16,786
36,412
64,604
3,300
67,904
355,590
120,736
18
712
70
10,212
1,617
11,829
1,990
2.753
4,886
11
2
4,446
2,148,470
1.262,790
248,471
24,759.419
7,391,605
32,151,024
3,620,077
5,674,113
10,923,602
19,500
20,008,500
9.344.590
2.148.470
'>
Capital.
1,171,350
3
Commer
Confedei
cial
210,166
4
ation-.Tfa)
26,973
85,738
112,711
52
1,017
227
24,552,430
(6
(c
)
6,066.869
30,619.299
,S
Continen
tal
3.385.577
fi
CrowTi
Domi
.
5,398,301
7
nio
n
10,271,708
S
T. Eaton
f Ordinary . .
19,500
IGrou
Excelsior.... fOrdii
\lndua
Great-West. . fOrd
Gro
p
20,098,500
0
lary
8,940,340
trial
JO
nary .f(a)
3,909
22,056
967
23,023
2
9,017
1,276
10,293
10,387
41
10,428
55,268
50.105,208
2.. 328, 375
52,433,583
411.500
25.711.304
2.936.658
28,647,962
16,387,450
83,000
18,470.45
11,857.232
49,757,228
(6)
2,328.375
(c)
3,909
62,085,603
jp (a)
411,500
11
Imperial
London.
.f(a)
2,000
. 23,903,032
lib)
2,608,158
[(c)
2,000
26,509,190
1?
Ordinary
.((a)
16.109,450
Industria
I Group (a
Manufacturers... rO
k
Monarch.
Mutual of Canada.
National of Canad
North American, f
■
\(b)
78,000
(c)
16.187,450
(a)
11,857,232
13
rdinarj'. . f(a)
14.968
40
15,008
12,635
6,751
19,386
1
• 2,769
18,335
190
18,525
2,431
40
2,471
9,718
616
10,334
2,778
323
1,187
1,246
1,293
20,093
19,6.53
39,746
30.443,839
17.418.764
47,862.603
40,800
6,519.140
44,490,768
360,000
44,850,768
0,005.197
58,500
6.063,697
20,816,507
1.291,549
21,908,058
5,846.200
751.555
1,782.848
1,775,115
2,893,958
46,771,274
51,104,264
97,875.538
29,939,519
U6)
15,627,989
1(c)
45.567.508
iroup (o)
40,800
14
6.263,625
15
Ua)
33,332
42,553,759
lib)
358,000
(c)
33,332
42,911,759
16
a,..r(a)
5.575.292
\(b)
58.500
(c)
5,633.792
17
(a)
2,488
20.406,727
6)
1.261.549
c)
2,488
1,-585
21,668,276
18
Northerr
Saskatch
Sauvegar
Security.
5.377,262
19
ewan '.
725,555
20
de
1,570,848
21
1.511.915
?!2
Sovere
Sun...
[0
1
2.730,958
23
rdinarv
\ia)
65,425
1,502,518
1,567,943
46,771,274
Thrift
GrouD
(6)
51,095,164
(c)
97,866,438
(a)..
(6)
(c) .
(a)
48
2
50
1,715
401
7.356,728
1,432,400
8,789,128
3,387.191
996.600
7,356,728
(6)
1,432,400
(c)
8,789,128
24
Travellers of Cana
da
3,027,149
25
Western.
948,000
Totals for
Totals for
increase, t,
1920.f(a)
57,212,371
21,512,940
78,725,311
185,056
1.890,351
2,075,407
208.512
37.968
246,480
397. .553, 184
106,370.491
503,923,675
387.519,766
lib)
100,824,400
[(c)
488,144.166
1919.f(a)
47,126,374
17,307,075
64,433,449
196,967
2,322,990
2,519,957
198,527
32,434
230,961
320,150,705
77,529,366
397,680,071
314,489.448
(b)
74.749,182
1(0
389,238,630
i 10,085,997
i 4,205,885
t 14.291,862
d 11,911
d 432,639
i 444,650
t 9,985
t 5,534
i 15,519
t' 77.402,479
i 28.841,125
t 106.243,604
i 73,030,318
(6)
t 25.875,218
(c)
t" 98,905,536
(a) In Canada (6) Out of Canada. (c) Total business.
ABSTRACT OF STATEMENTS
SESSIONAL PAPER No. 9
FOR THE YEAR 1920.
DECEMBER 31. 1920;
135
Assurance Policies
in force
at date of Return
Assurance Policies become Claims
Net Disbursements
in respect of
Net Payments due
under Assurance and
Annuity Contracts
Net
mount
Number
Net Amount
Death
Claims,
Matured
Endowment
and
Disability
Claims
Life
Annuity
Contracts
Not
Resisted
Resisted
Number
Death
Matured
Endow-
ments
76,455
34,622
111,077
18
$
178,105,079
84,059,535
262,164,614
2,322,950
35,501)
2,358,450
6,154,185
> 685,669
106,471,192
25,537,462
132,008,654
16,946,006
24,336,312
42,931,662
19,500
17,944,500
39,119,635
30,256
246,413,473
8,242,988
254,656,461
415,250
98,676,951
10,338,083
109,015,034
62,674,301
131,500
62,805,801
33,683,674
110,600
118,686,753
54,758,814
173,445,567
47,500
24,287,713
199,067,869
1,413,994
200,481,863
28,-582,089
282,950
23,865,039
89,302,350
8,622,396
97,924,746
21,271,467
3,929,924
9,106,821
3,802,637
13,917,726
252,743,829
223,354,052
476,097,881
487,221
479,305
966,526
8,144,428
1,432,400
9,576,828
9,921,726
4,007,307
1,188
354
1,542
1,982,948
668,873
2,651,821
6t800
662,146
358, 522
1,020,668
$
2,566,426
1,067,193
3,633,619
6,300
$
54,671
272,960
327,631
378,525
136,154
514,679
500
$
1
1
10
6,800
20,080
3,000
787,402
208,756
996,158
76,558
127,887
205,655
6,300
19,214
3,000
1,233,603
263,672
1,497,275
123,496
151,628
328,370
500
6,175
3,784
334
12
1
752
105
857
96
87
187
?,
3
54,833
9,421
64,254
11,463
433,599
36,453
470,052
55,135
34, 500
120,407
32,469
80,885
113,354
1,800
250
442
108,806
86,278
195,084
23,500
15,105
40,145
15.000
4
15,000
,5
14,433
22 859
5,054
6
7
11
8
9
11,000
243,503
1,475
1,177,169
28,964
1,206,133
9,000
293,008
2,693
1,327,993
16,714
1,344,707
2,000
69,487
354
208,450
9,500
217,950
24 141
191
24
649
15
664
66,525
1,129
186,651
759
q
220
114,890
3,858
11,425
2,000
10
118,748
2
186,651
11,425
2,000
46,460
353
57
410
306
545.244
91,986
637,230
226,117
181,806
16,060
197,866
64,499
733,199
92,870
826,069
301,269
2,835
66,368
40,306
106,674
26,606
11
5,889
52,349
2,835
4,413
46,422
\?.
76
46,498
306
3,624
226,117
268,372
64,499
69,648
301,269
244,744
4,413
26,606
21,013
237,533
1
63,885
586
431
1,017
572,190
457,320
1,029,510
338,361
310,439
648,800
883,428
758,023
1,641,451
8,159
2,362
10,521
120,407
200,269
320,676
13
29,728
93,613
1
17,jS40
17,640
11,615
31
1,111
9
1,120
170
2
172
681
47
728
110
9
49
11
36
1,474
1,568
3,042
282
113
395
58,500
1,234,578
2,000
1,236,578
191,620
2,000
193, 620
589,955
66,721
658,676
100,070
18,500
52,750
11,212
76,000
1,683,434
2,399,389
4,082,823
8,253
7,692
15,945
29,500
66,196
1,951,781
12,500
1,964,281
274,008
2,000
276,008
1,127,642
93,667
1,221,309
151,877
14,615
54,469
16,792
90,308
2,382,319
3,413,000
5,795,319
38.813
20,951
59,764
27,747
15,702
224,052
14
102,509
724,821
10,500
735,321
100,135
9,547
IS
768
103,277
9,547
35
224,052
53,961
1,500
55,461
87,987
3,189
91,176
21,743
3,885
10,750
1,000
17,750
290,419
1,126,002
1.416,421
2,916
1,059
3,975
6,300
14,591
16
256
14,847
100,135
440,647
20,000
480,047
39,216
35
5,450
150
5,600
1,101
49,987
17
5,077
55,064
14,124
1,890
2,000
18
19
7,229
7,000
5,000
''O
3,368
'1
6,798
8,500
681,305
907,087
1,588,392
24,985
12,620
37,605
99
137,474
51,863
1.445,306
1,497,169
'3
105,750
243,224
3,547
8,650
8,650
2,656
6,203
53
2
55
29,500
40,250
35,500
27,747
34,206
35,027
6,300
9,000
12,871
6,378
26
15
100
24
1,836
^.-i
1,079,146
198,104
1,277,250
1,664, 348, 60£
418,688,97?
2,083,037,584
12,061
2,701
14,76:
10,385,522
3,933,701
14,319,223
4,241,015
1,671,681
5,912,696
14,493,171
5,740,590
20,233,761
185,219
1,801,663
1,986,882
1,845,777
1,604,257
3,450,034
29,154
26,290
55,444
947,489
169,536
1,117,02c
1,362,631,562
349,430,46
1,712,062,02;
13,10f
2,85C
i 15,95'
9,564,160
3,728,772
) 13,292,932
4,809,561
1,784,122
6,593,68C
17,454,054
5,744,164
23,198,218
202,235
1,850,174
2,052,409
1,902,639
1,934,931
3,837,570
62,993
20,000
82,993
• 131,65?
»• 28,56J
160,22c
i 301,717,04
i 69,258,51*
i 370,975,56
id 1,04.
id 15'
d 1,19
)i 821,36:
! i 204, 92f
li 1,026,29]
d 568,546
d 112,44
d 680,98'
d 2,960,883
d 3,574
d 2,964,457
d 17,016
d 48,511
d 65,52?
d 56,862
d 330,674
d 387,536
d 33,839
• 6,290
d 27,549
136
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
ABSTRACT OF LIFE INSURANCE FOR THE
(DATE OF RETURN DECEMBER 31. 1920 EXCEPT
Company
Total
Net
Assurance
Premium
Income
Considera-
tion for
Annuities
New Assurance Policies issued and
paid for in Cash
Number
Gross
Amount
Net
Amount
British Companies
Commercial Union
•Edinburgh
Gresham
t*Life Association of Scotland
'Liverpool and London and Globe
London and Scottish
fMutual Life and Citizens' (Australia). [Ordinary. .
(Industrial.
North British and Mercantile
•Norwich Union
Phoenix of London
Roya)
•Scottish Amicable
•Scottish Provident
tStandard
•Star.
17,160
258
215,728
3,174
2,482
554,012
89,802
111,363
57,812
2,540
232,720
735,855
658
173
737,300
4,792
14,000
14,000
50
724
2,028,177
1,928,177
704
724
10,493
57
1,798,754
928,500
2,105,710
290,635
1,751,514
928,500
2,105,710
290,635
169
823
659,000
4,636,213
609,000
4,132,108
1,046
3,506,394
3,216,394
Totals for 1920.
Totals for 1919.
2,765,829
2,201,462
131
1,050
14,743
8,756
15,967,383
11,264,394
14,976,038
10,724,872
Increase, «'; decrease, d « 564,367
5,987
4,702,989
i 4,251,166
•These companies have ceased transacting new business in Canada.
tDate of returns — Life Association of Scotland, April 5, 1920.
Mutual Life and Citizens', Nov. 30, 1920.
Standard, Nov. 15, 1920.
ABSTRACT OF STATEMENTS
137
SESSIONAL PAPER No. 9
YEAR 1920. (CANADIAN BUSINESS ONLY.)
AS OTHERWISE UNDERNOTED.)
Assurance Policies
in force
at date of Return
Assurance Policies become Claims
Net Disbursements
in respect of
Net payments due
under Assurance and
Annuity Contracts
Net
Amount
Number
Net Amount
Death
Claims,
Matured
Endowment
and
Disability
Claims
Life
Annuity
Contracts
Not
Resisted
Resisted
Number
Death
Matured
Endow-
ments
167
594,435
22,703
7,037,713
265,189
110,188
17,167,104
2.322,953
3,069,437
1,573,535
90,727
7,526,636
14,993,204
43,021
23,479
21,921,824
132,668
7
9.920
2,035
$
13,511
S
$
S
1
11
?.
3,062
16
17
8
207
12
109
16
65,893
21,633
18,021
189,080
11,360
14,976
42,665
80,893
20,662
15,432
443,379
12,127
10,463
42,607
^
135
14,107
4,480
63,964
4
63
564
249,853
200
500
5
8,465
6
2,198
7
19,317
102
1,000
200
5,251
724
5,458
4,504
505
716
8
65
9
2,353
49
42
1
2
397
14
104,923
175,645
4,666
8,015
430,306
13,372
54,560
8,675
170,138
218,318
4,946
8,015
862,304
16,055
1,764
in
4,489
11
17
1?
8
13
9,739
347,628
7,507
11.324
125,332
9,234
14
97
15
50,691
76,894,816
897
1,110,475
1,115,159
671,924
687,861
1,918,850
1,895,928
14.504
11.972
233,254
382,258
42,232
66,908,064 936
2,208
t" 8,459
t 9,986,752
d 39
d 4,684
d 15,937
i 22,922
t 2,532
d 149,004
d 2,208
138
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
ABSTRACT OF LIFE INSURANCE. FOR THE
(DATE OF RETURN
Company.
Total
Net
Assurance
Premium
Income
Considera-
tion for
Annuities
New Assurance Policies issued and
paid for in Cash
Number
Gross
Amount
Net
Amount
Foreign Companies
a?i^^ /Ordinary
S
1,111,427
221,425
21,852
1,383,061
27,886
10,426
6,665,345
7,077,302
150,312
1,869,998
127
4,169,799
1,236
19,024
30,920
2,206,043
3.673,730
3,472
40,813
1,104,644
114,977
304,048
26,867
S
1,519
74
6,867,252
12,025,300
$
6,742,252
I
^*°*-\Group..
12,025,300
?
'Connecticut Mutual
3
Equitable.... f Ordinary
16,456
1,769
16
3
50,899
226,732
80
2,790
6,314,624
2,-507,400
5,500
57,124,314
35,211,426
12,921,200
9,420,781
6,314,624
\Group
2.507.400
4
Guardian
5 500
[Ordinary
2,000
56,969,930
5
Metropolitan ■jlndustrial
35,211,426
12,921,200
6
Mutual of New York
28
9,370,781
7
♦National of United States
8
New York .'
2,575
8,487
22,563,075
22,513,075
0
•Northwpjitern Mutual
10
•Phoenix Mutual
11
•Provident Savings
[Ordinary
13,823
122,194
5
1
3,119
54
347
9
18,709,333
21,764,041
394,950
5,000
12,499,325
8,800,007
1.085,000
39,000
18,709,333
12
Prudential.! Industrial
21.764.041
[Group
394,950
13
State
5,000
14
Travelers of Hartford., f Ordinary
12,277,277
\Group
8.800,007
In
Union Mutual
1,054,000
16
United States
29,000
Totals for 1920 •
30,234,734
25,380,«73
21,059
40,066
431,921
433,968
228,257,528
193,128.530
227*615.096
Totals for 1919
192,649,319
Increase, t; decrease, d
t 4,854,061
d 19,007
d 2,047
«■ 35,128,998
t 34.965,777
Totals in Canada onlyl 1920
90,212,934
74,708,509
206,246
238,083
655,176
641,251
641.778,095
524,543,629
630,110,900
—All Companies /1919
517,863,639
Increase, t"; decrease, d
t 15,501,425
d 31,837
.• 13,925
• 117, 234, 466
ill2,247,26l
Total group business] 1920
652,801
t 20,469
300
87
66,704,855
11,518,750
06,704,855
in Canada only.
— ^All Companies \
(included above) 1919
11,518.750
Increase, t; decrease, d
i 632,332
i 213
i 55,186,105
f 55,186,105
__
•These Companies have ceased transacting new business in Canada.
tGroup premiums of Travelers of Hartford not returned separately.
ABSTRACT OF STATEMENTS
SESSIONAL PAPER No. 9
YEAR 1920. (CANADIAN BUSINESS ONLY.)
DECEMBER 31, 1920.)
139
Assurance Policies
in force
at date of Return
Assurance Policies become Claims
Net Disbursements
in respect of
Net payments due
under Assurance and
Annuity Contracts
Net
Amount
Number
Net Amount
Death
Claims,
Matured
Endow-
ments
and
Disability
Claims
Life
Annuity
Contracts
Not
Resisted
Resisted
Number
Death
Matured
Endow-
ments
15,349
37,964,014
16,699,350
959,617
38,698,545
2,690,600
224,468
219,323,184
170,542,091
17,737,558
51,306,888
22,320
115,475,957
64,553
149,240
961,866
77.878,496
96,738.340
353.250
1,521,962
46,217,167
10,459,300
9,017,036
787,796
561
496,821
89,850
64,195
459,899
10,750
409,094
S
959,469
89,350
59,662
579,384
10,750
261
1,410,724
1,807,366
64,200
842,184
2,637
1,405,678
7.150
67,889
30,448
483,631
548,888
2.600
60,975
568,655
64,648
232,193
8,639
133
5
62,212
500
10,156
69,425
S
1
98
464
24
270
?.
15,452
154,508
12,454
3
17
56
1
1,510
20,581
200
347,095
548,690
4
197,037
1,390,329
998,860
1,253,979
64.200
456,551
2,637
926,226
13,150
67,765
26,966
371,851
622,134
2,000
51,500
336,640
72,068
129,223
13,087
843
56.052
7,340
22,460
4,296
5
113
19,703
37
290
4
691
6
90
24
359
4,587
279.261
5,963
42,297
50,000
6
7
54,798
64
421.041
124
11,000
51,239
3.550
129.738
6.000
19,797
8
9
190
in
627
78
3,618
12,500
27,967
13,041
991
1,000
21,379
7,420
32,345
11,000
11
62,504
668,914
500
1,225
12
5
653
9
174
218^849
n
13,047
gM 70
L4,267
13.541
40,000
14
121
12
.59,202
5,671
195
29
15
372
16
_i 2,444,166
2,200,603
915,793,798
758,297,691
29,294
27,144
6,530,352
6,248,026
2,505,974
2,091,535
9,307,381
8,727,110
40,413
44,530
511.363
852.393
138,278
41,199
t 243,563
i 157,496,107
i 2,150
i 282,326
i 414,439!'
580,271
d 4,117
d 341,030
i 97,079
3,574,003
3,190,324
2,657,037,219
2,187,837,317
42,252
41,188
18,026,349
16,927,345
7,418,913
7,588,957
25,719,402
28,077,092
240,136
258,737
2,590,394
3,135.290
167,432
106,400
i 383,679
I 469,199,902
»■ 1,068
i 1,099,004
d 170,044
d 2,357,690
d 18,601
d 544,896
i 61,032
380
76,925,486
11,611,250
286,168
274,595
17,711
87
293
i 65,414,236
i 286,188
i '74.. "595
t 17,711
'
140
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
GROSS AMOUNTS OF INSURANCE EFFECTED IN CANADA, 1875-1920
Year
Canadian Companies
British
Companies
Foreign Companies
Total
Ordinary
and
Industrial
Group
Ordinary
and
Industrial
Group
Ordinary
and
Industrial
Group
1875
S
5.077,601
5,465,966
5,724,648
5,508,556
6,112,706
7,547,876
11,158,479
11,855,545
11,883,317
12,926,265
14.881,695
19,289,694
23.505.549
24.876.259
»26.43S.358
23.541,404
21.904,302
25.585,534
28,089.437
28.670,364
27,909.672
26,171,830
30,351,021
35,043,182
42,138,128
38,545,949
38,298,747
45,882,167
55,169,104
59,051,113
67,539,141
62,450,253
61,838,766
69,029,583
79,121,977
90,362,678
110,077,453
141,267,596
131,493,582
125,505,324
121,033,310
138.201.281
172.703.621
179,429.315
319,389,305
367,497,186
t
S
1.689.833
1.683,357
2,142.702
2,789,201
1,877,918
2,312,011
2,. 536, 120
2.833,250
3.278.008
3,167.910
3.950.647
4,0.54,279
3,067,040
3,985,787
3,399.313
3.390.972
2.947,246
3,625,213
2,967,855
3,214,216
3,337,638
2,869,971
2,778,510
3,323,107
3,748,127
3,717,997
3.059,043
3,324,317
3,132,904
3,109.778
3,881,980
4,472,426
3,501,743
3,389,757
3,930,230
4,170,562
5,591,832
7,319,952
6,950,695
9,294,590
5,727,313
5,250,633
5,10a,183
5,969,013
11,264,394
15,967,383
$
8,306,824
6,740,804
5,667,317
3,871,998
3,363,600
4,057,000
3,923,412
5,423,960
6,411,635
7,323,737
8,332,646
11,827,375
11,435,721
12,364,483
14.719.266
13,591.080
13.014.739
15.409.266
14,145,555
17,640.677
13,093,888
13,, 582, 769
15,138,134
16,398,384
21,514,478
26,632,146
32,541,438
31,346,482
33,265,797
36,145,211
34.486,215
28,090,526
25,042,423
27,476,866
48,686,871
58,229,280
61,197,694
70,617,555
93,164,269
82.206,602
94,358,935
87,649,711
104,307.626
127.853,228
182,371,180
191,608,671
S
$
15,074,258
13,890,127
13,. 534, 667
12,169,755
11,354,224
13,906,887
17.618,011
20,112,755
21,572,960
23,417,912
27,164,988
35,171.348
38,008.310
41.226.529
•44,556,937
40,523,456
37,866,287
44,620,013
45,202,847
49,525,257
44,341,198
42,624,570
48,267,665
54,764,673
67,400,733
68,896,092
73,899,228
80,552,966
91,567,805
98,306,102
105,907,336
95,013,205
90,382,932
99,896,206
131.739.078
1.52.762.520
176.866.979
219.205.103
231.608.546
217.006,516
221,119,558
231,101,625
282,120,430
313,251,556
513,024,879
575,073.240
S
1876
1877
1878
1879
1880
1881 :
1882
1883
1884
1885
1886
1887
1888
1889
1890
1891
1892
1893
1894
1895
1896
1897
1898
1899
1900
1901
1902
1903
1904
1905
1906
1907
1908
1909
1910
1911
1912
1913
1914
1915
1916
1917
1918
l6',757',356'
36,648,857
761 ,400
30,055,998
11.518,750
66,704 855
1920
Totals
2.955,544.839
30,817,398
193,095,956
1,744,577.474
47,406,207
4.893,218,269
78,223,605
NET AMOUNTS OF INSURANCE IN FORCE IN CANADA, 1875-1920.
1875
21,957,296
24,649,284
26,870,224
28,656,556
33,246,543
37,838,518
46,041,591
53,855.051
59.213.609
66.519.958
74,591,139
88,181,859
101,796,754
114,034,279
125,125,692
135,218,990
143,368,817
154,709,077
167,475,872
177,511,846
188,326,057
19,455,607
18,873,173
19,349,204
20,078,533
19,410,829
19.789,863
20,983,092
22,329,368
23,511,712
24,317,172
25,930,272
27,225,607
28,163,329
30,003,210
30,488,618
31,613,730
32,407,937
33,692,706
33,543,884
33,911.885
34.341.172
43.596,361
40.728.461
39.468,475
36,016,848
33,616,330
33,643,745
36,266,249
38,857,629
41,471,554
44,616,596
49.440.735
55,908,230
61,734,187
67,724,094
76,349,392
81,591,847
85,698,475
90,708,482
94,602,066
96,737,705
96,590,352
85,009,264
84.250.918
85.687.903
84.751.957
86.273.702
91.272.126
103.290.932
115.042.048
124.196.875
135.453.726
149.962.146
171.315.696
191.694.270
211.761.583
231.963.702
248.424.567
261.475.229
279.110.265
295.622.722
308.161.436
319.257.581
1876
1877
1878
1879
1880...-
1881
1882
1883
1884 ■
1885
1886
1887
1888
1889
1890
1891
1892
1893
1894
1895
•Including 20 months' business of the Canada Life.
ABSTRACT OF STATEMENTS
141
SESSIONAL PAPER No. 9
NET AMOUNTS OF INSURANCE IN FORCE IN CANADA, 1875-1920.— Concluded.
Year
1896..
S
195,303,042
1897
208,655,459
1898..
226,209,636
1899
252,201,516
1900..
267,151,086
1901
284,684,621
1902
308,202,596
1903
335,638,940
1904
364,640,166
1905.. .
.397,946,902
1906
420,864,847
1907
450,573,724
1908
480,266,931
1909
515,415,437
1910
565,667,110
1911
626,770,154
1912
706,656,117
1913
1914
750,637,092
794,520,423
1915
829,972,809
1916
895,528,435
1917
996,699,282
1918
1,105,503,447
1,361,870,162
1920
1,635,363,377
Canadian Companies
Ordinary
and
Industrial
Group
761,400
28,985,228
British
Companies
34,837,448
35 293,134
36,606,195
38,025,948
39,485,334
40,216,186
41,556,245
42,127,260
42,608,738
43,809,211
45,644,951
46,462,314
46,161,957
46,985,192
47,816,775
50,919,675
54,537,725
58,176,795
60,770,658
58,087,018
59,151,931
58,617,506
60,296,113
66,908,084
76,894,816
Foreign Companies
Ordinary
and
Industrial
97,660,009
100,063,684
105,708,154
113,943,209
124,433,416
138,868,227
159,053,464
170,676.800
180,631,886
188,578,127
189,740,102
118,487,447
193,087,126
217,9,56,351
242,629,174
272,530,942
309,114,827
359,775,3.30
.386,869,397
423,556,8.50
467,499,266
529,725,775
619,261,713
747,547,841
867,853,540
Group
10,749,850
47,940,258
Total
Ordinary
and
Industrial
327,800,499
344,012,277
.368,523,985
404,170,673
431,069,846
463,769,034
508,812,305
548,443,000
587,880,790
630,3.34,240
656,260,900
685,523,485
719,516,014
780,356,980
8,56,113,059
950,220,771
1,070,308,669
1,168,590,027
1,242,160,478
1,311,616,677
1,422,179,632
1,585,042,563
1,785,061,273
2,176,326,067
2,580,111,733
Group
11,511,250
76,925,486
PREMIUM INCOME IN CANADA, 1875-1920.
1875.
1876.
1877.
1878..
1879.
1880.
1881.,
1882.,
1883.,
1884.,
1885.,
1886.,
1887.,
1888.,
1889..
1890.
1891.,
1892.,
1893.,
1894.,
1895.,
1896.,
1897.,
1898.
1899..
1900.,
1901.,
1902.,
1903.,
1904.,
1905.,
1906.,
1907..
1908..
1909..
1910..
1911..
1912..
1913..
1914.
1915..
1916..
1917..
1918..
1919..
1920..
Totals 562, 468, 194
707,256
768,543
770,319
827,098
919,345
,039,341
,291,026
,562,085
,652,543
,869,100
,092,986
,379,238
,825,119
,166,883
,4.59,595
,921,137
,258,926
,729,940
,156,008
,435,031
,702,783
,075,454
,598,012
,107,073
,805,174
,373,405
,133,890
,048,204
,882,650
,959,100
,947,827
,093,056
,963,714
,081,, 504
,438,780
,952,162
,736,480
,540,081
,784,163
,047,253
,546,303
,296,416
,599,199
,728,815
,117,535
077,642
8,839
134,729
143,568
623,206
597,155
577,364
586,044
565,875
579,729
613,595
674,362
707,468
744,227
803,980
827,848
890,332
928,667
979,847
1,022,362
1,030,479
1,088,816
1,073,541
1,079,330
1,137,366
1,137,607
1,174,732
1,210,601
1,276,229
1,372,355
1,346,666
1,415,273
1,435,318
1,473,514
1,500,232
1,583,861
1,567,951
1,546,941
1,. 590, 656
1,580,255
1,680,731
1,768,046
1,905,486
1,906,998
2,071,592
1,903,590
1,957,143
1.935,219
2,201,462
2,765,829
58,439,970 297,737,810
1,551,835
1,437,612
1,299,724
1,107,535
1,121,537
1,102,058
1,1!!0,068
1,308,158
1,414,738
1,518,991
1,723,012
1,988,634
2,285,954
2,466,298
2,785,403
3,060,652
3,128,297
3,251,598
3,403,230
3,394,914
3,452,205
3,389,605
3,443,074
3.676,490
3,957,304
4,261,181
4,709,298
5,614,083
5,922,297
6,536,710
6,632,658
6,687,539
6,612,207
7,069,494
7,476,859
8,239,486
9,202,415
10,401,389
11,951,557
13,139,844
14,488,783
15,893,099
18,287,267
20,977,013
25,369.043
29,716,662
11,630
518,072
2,882
2,803
2,647
2,610
2,606
2,721
3,094
3,. 544
3,774
4,132
4,619
5,195
6,001
6,561
•8,224
8,004
8,417,
9,070
9,632
9,909
10,292
10,602
11,215
11,994
13,038
15,006
15,189
17,077
18,240
19,969
22,080
22,364,
23,143,
24,697
26,508
29,771,
31,619,
35,709,
38,641,
41,094,
45,106,
48,093,
54,843,
61,641
74,688,
89,560,
529,702 918,645,974
20,469
652,801
673,270
'Including 20 months' business of the Canada Life.
142
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
INCOME AND DISBURSEMENTS IN RESPECT OF ASSURANCE AND ANNUITY CONTRACTS OF
ALL COMPANIES DOING BUSINESS IN CANADA. OTHER THAN ASSESSMENT COMPANIES
AND FRATERNAL SOCIETIES (INCLUDING THE BUSINESS DONE OUT OF CANADA
BY CANADIAN COMPANIES) IN EACH YEAR BEGINNING WITH THE YEAR 1879.
Year.
(1)
1879.
1880.
1881.
1882.
1883.
1884.
1883.
1886.
1887
1888.
1889.
1890.
1891.
1892.
1893.
1894.
1895.
1896.
1897.,
1899.
1900.
1901.
1902.
1903.
1904.
1905.
1906.
1907.
1908.
1909.
1910.
1911.
1912.
1913.
1914..
1915.
1916.
1917.
1918.
1919.
1920.
A.ssurance
Premiums
and
Annuity
Considera-
tion
(2)
Disburse-
ments in
respect of
Assurance and
Annuity
Contracts
(3)
Totals 1,107,624,775
600,756
691,128
094,689
544,003
861,179
195,726
084,409-
298,596
105,474
655,762
336,167
131,852
607,609
347,131
952,833
345,919
887,501
469,040
197,626
190,742
490,102
633,142
130,456
501,945
240,823
,650,887
,535,365
,264,938
403,423
,567,. 5.53
304,241
868,196
,608,305
581,648
,413,732
,835,737
,744,482
,755,516
,681-552
,748,862
,576,657
,822,471
1,301,480
1,389,986
1,879,240
1,946,444
2,201,152
2,073,395
2,544,101
2,851,981
3,235,205
3,440,729
3,942,590
4,445,668
4,911,485
5,452,151
5,133,284
5,516,929
5,862,447
6,506,096
7,076,962
6,782,006
7,680,959
9,232,061
8,993,125
9,397,971
10,288,364
11,804,359
13,796,504
13,040,857
14,753,533
10,122,797
16,382,136
20,270,595
19,194,828
22,9.53,476
25,287,204
28,207,981
36,426,490
35,685,561
39,983,913
46,814,084
53,013,509
53,440,346
Ratio
per
cent
column (3) to
column (2)
(4)
591,263,984
49-93
51-66
60,72
54-91
57,01
49-42
54-31
52-83
,i2-99
51-70
47-29
54-67
56-66
58-33
51-58
53-32
53-85
56-73
58-02
51-41
53-01
55-50
52-50
48-19
48-44
49-91
51-99
47-83
51-94
52-74
49-19
52-53
47-27
49-28
49-18
52-40
64-19
57,70
58-22
60-21
56-05
46-95
58-38
ABSTRACT OF STATEMENTS
143
SESSIONAL PAPER No. 9
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144
DEPARTMENT OF INSURANCE
11 GEORGE V. A. 1921
ASSETS OF CANADIAN LIFE
Company.
ICanada
2Capital
SCommercial
4Confederation
SContinental
6Crown
7Doininion
8T. Eaton
9Excelsior
lOGreat West
lllmperial
12London
13 Manufacturers
HMonarch
15Mutual of Canada
16National of Canada. . .
17NortK American
ISNorthern
IQSaskatchewan , . .
20Sauvegarde
21Security
22Sovcreign
23Sun
24Travellers of Canada..
25Western
Totals 17,170.659 103,895,691 1,632,889
Ledger Assets.
Real
Estate.
556,696
3,238
225,048
466,388
446,213
603,352
980,302
613,003
449,608
31,406
28,693
28,048
,059,988
2.50,000
138,522
148,002
479, 134
33,972
56,542
,568,249
6,255
Loans on
Real
Estate.
23,968,950
70,600
12,891
5,412,081
510,424
341,731
2,740,648
2,690,205
17,751,776
5,133,640
3,607,841
12,087,060
436.510
14,934,369
4,565,486
1,212,052
80,108
174,166
13,159
456.871
7,634,428
50,200
10,495
Loans
on
Collaterals
$
1,127,000
2,269
6,000
5,500
30,000
1,400
16,336
3,525
390,209
Policy
Loans.
9,846,482
60,398
1,151
3,316,449
345,280
451,834
347,212
526,233
4,416,883
2,364.333
843,804
4,125,966
199,588
5,360,981
476,430
2,345,107
367,179
25,454
134,893
17,405
207,198
13,436,209
64,170
22,993
Bonds
and
Debentures
30,631,725
551,238
74.242
13,200,019
1,4.30,823
1,829,303
1,951,862
83,951
1,554,252
11,186,985
9,951,819
7,806,585
14,016,748
847,729
19,394,571
3,934,496
10,183,551
1,550,704
252,948
1,083,436
182,831
973,798
68,678,008
749,700
243,514
49,305,632 202,344,898
* The market value e.i£ceeds the book value but credit was taken for the book value only.
t The market value is less than the book value but the difference is more than covered by special reserve funds.
Liabilities).
t The market value is less than the book value but ths difference is covered by an investment reserve fund.
(See Liabilities.)
(See
ABSTRACT OF STATEMENTS
145
SESSIONAL PAPER No. 9
COMPANIES, DECEMBER 31, 1920.
Stocks.
3,123,956
'i!i84;322
891,284
26,447
103,681
845,235
215,638
1,873,898
30,829
13,400
17,132,126
25,440,716
Cash.
158,881
9,675
7,243
512,789
49,689
65,614
107,641
7,952
9,072
42,496
305.768
50,820
296,503
38,253
48,632
53.410
441,268
92,963
6,928
13,313
14,383
27,900
503,367
39, 663
20.753
2,924.976
Other
Ledger
Assets.
6,. 779
2,365
8.972
15,199
196
2,400
14,197
16,792
2,216
515
69.631
Total
Ledger
.\ssets
(Book value)
72,413
695
95
25,857,
2,807,
3,149,
5,756,
121,
5,775,
34,902,
18,235,
12.458,
31,433,
1,553,
40,798,
4,929,
19,550,
3,450,
365,
1,884,
261,
1,735,
113,342,
903.
304.
Total
Ledger
Assets
taken at
Market
value except
as
undernoted.
72.413,690
688. 887
90,741
25,857,487
2,896,916
3,181,486
5,743,153
118,968
5,775,263
34,902,623
18,235,415
12,458,2.34
31,269,009
1,551,519
40,442,287
4,929,974
19,242,367
3,422,734
365,438
1,876,798
2.53,209
1,735,709
110,920,218
892,281
305,056
402,783,092 399,569,462
Non-Ledger Assets.
Interest
and
Rents
due and
Accrued.
2,260,040
15,997
4,303
596,674
41,612
61,353
185,751
777
203,773
1,161,186
459,828
232,188
1,0.57,729
60,833
1.117,733
61,110
296,809
93,185
9.037
25.410
5,191
50,977
1,247,041
11.169
6,807
9,266,513
Outstanding
and
Deferred
Premiums
and
Annuity
considera-
tion.
1,435,207
47,606
7,014
791,204
80,401
144, 122
239,0.32
123
215,922
1,318,838
615,160
414,661
892,724
194.306
931,003
178,099
502,707
127,308
27,334
42,090
23,209
86,869
2,672,185
91,642
42, Oil
11,120.777
Other
Non-
Ledger
Assets.
4,784
2,012
15,252
3,787
3,000
1,448
7,500
10,000
12,190
1,500
5,230
3,298
3,238
6,628
1,500
Total
Assets.
76,108,
757,
104,
27,260,
3,022.
3.389,
6,167,
119,
6,194,
37,382,
19,310,
13,105,
33,220,
1,814,
42,491,
5,179,
20,041,
3,655,
403.
1,949,
284,
1,876,
114,839,
1,001,
355,
81,367 420,038,119
9—10
146
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
LIABILITIES OF CANADIAN LIFE
Companies
Net Liability
under
Contracts in
force for
Payments
not due
(Ileserve)
Net Liability
for Payments
due under
contracts
(unsettled
claims)
Provision
for
unreported
Claims
'Miscellaneous
Liability
under
Assurance
Contracts
Provision for
Deferred
Dividend
Policies
issued since
Jan. 1, 1911
ICanada
2Capital...
SCommercial
4Confederation
5Continental
eCrown
7Dominion
ST. Eaton
OExcelsior
lOGreat-West
lllmperial
12London
13Manufacturers
14Monarch
ISMutual of Canada
16National of Canada..
ITNorth American
ISNorthern
19Saskatchewan. .'.
20Sauvegarde
21Security
22Soyereign
23Sun
24Traveller8 of Canada
25Western
Totsils. . .
63
1
102
$
997,316
580,166
29,763
645,296
666,208
159,136
240,657
565
197,877
431,696
143,381
241,094
193,175
691,226
160,546
298,458
793,929
051,605
261,065
422,997
222,329
428,334
,585,743
813,806
291,969
$
515,179
6,175
210,084
23,500
20,159
40,145
2,000
69,841
219,950
106,674
47,619
338,316
15,702
224,052
55,461
91,176
23,743
3,885
15,7.50
1,000
17r750
1,435,346
9,100
12,871
75,000
50.000
5,000
5,852
4,000
5,000
25,000
20,000
10,000
75,000
50,000
30,000
3,000
325,000
S
390,891
531
937
62,576
10,903
18,009
12,468
13,556
1,043,419
174,369
42,220
88, 063 1
3,453
1,130,480
41,423
97,874
6,909
1,136
10,654
180
10,147
438,972
1,692
649
359,548,337
3.505,478
682.852
3.601,511
440,130
303,155
14,889
25.085
70.760
379.070
200.508
57.533
404.770
475.484
958
222,316
28.145
112.673
2,735.476
•Consisting of surrender values claimable under cancelled contracts, amounts left with the company at interest (arising
out of assurance contracts) advance payments of premiums and interest by policyholders, policy dividends due and unpaid,
and premium reductions on outstanding premiums.
(a) Being $220,027 alloted to deferred dividend policies issued prior to Jan. 1, 1911 and $53, 156 full accrued profits on
quinquennial distribution policies.
ABSTRACT OF STATEMENTS
147
SESSIONAL PAPER No. 9
COMPANIES, DECEMBER 31, 1920.
Profits
Investment,
Contingency
and
Special
Reserve
Funds
Shareholders'
Surplus
and
Unpaid
Dividends
Borrowed
money and
Bank
Over-
drafts
All Other
Liabilities
Total
Liabilities
Excess of
Assets over
Liabilities
(excluding
Capital
from
Liabilities)
Capital
Stock
Paid-up
All
Other
Policies
$
1,516,560
$
680,876
$
468, 176
$
2,000,000
25,000
S
166,956
3,769
522
113,714
21,669
17,999
27,561
1,300
23,504
177,820
57,657
109,927
157,873
18,677
431,780
11,802
94,135
19,164
2,914
8,734
1,502
16,124
597, 127
5,268
3,022
$
70,251,084
615,641
33,222
25,803,798
2,742,496
3,236,044
5,580,324
7,865
5,420,817
32,714,602
16,945,054
12,878,408
30,384,569
1,729,058
37,472,342
4,825,541
17,823,739
3,102,755
279,000
1,677,666
225,011
1,556,982
105,974,777
883,655
311,011
S
5,857,853
141,633
70,848
1,456,819
280,220
153,917
587,612
112,003
774,141
4,668,045
2,365,349
226,675
2,836,341
85,100
5,018,681
353,642
2,218,144
492,662
124,309
271,862
59,896
319,811
8,864,667
118,065
44,363
1
1,000,000
129,285
71,210
100,000
200,000
102,071
160,000
100,000
115,000
998,088
450,000
75,000
300,000
100,743
1
2
2,000
389,502
3
29,471
15,216
4
■^
6
100,000
85,559
48,849
7
8
20,394
250,000
97,304
85,000
300,000
19,885
103,045
145,161
11,832
350,337
9
1,084,602
lo
11
(a) 273, 183
P
477,035
13
14
1,=^
81,600
39,625
9,819
10,000
4,000
30,839
3,000
305,000
2.50,000
60,000
490,378
100,000
178,500
229,702
209,995
500,000
117,840
128,232
1ft
451,684
17
20,370
IS.
It*
10,531
205,000
■JO
'l
70,000
14,627
65,768
2,160
9 J
414,148
n
1,629
50,000
'4
2,500
■")
3,154,609
2,142,620
1,355,607
3,718,451
2,090,520
382,535,461
37,502,658
6,166,044
9-10^
148
DEPARTMENT OF INSURANCE
11 GEORGE V. A. 1921
BASIS OF VALUATION. EXCESS RESERVE, STATUTORY
Companies
Bases of Valuation used by Companies in Calculating the Reserve
(The Statutory Basis is as follows: —
(a) Assurances O^O 3^%; (6) Annuities O [a™] & O [af] 3J%)
Canada.
Capital
Commercial . . .
Confederation
Continental.
Crown
Dominion. . .
T. Eaton. . . .
Excelsior.. . .
Great-West.
Imperial.
London. . ,
Manufacturers.
Monarch
Mutual of Canada.
National of Canada.
North American
Northern
Saskatchewan.
Sauvegarde
Security
Sovereign
Sun
Travellers of Canada.
Western
Par Assces since 1899, H™ 3%; all other Assurances and bonuses, H™ Sj %;Annuitie3
O [a] 3J%
O"^ W H%
0-° (') 34% -.
Issued at Ord. rates— O" (s); Par; Interest prior to Jan. 1, 1896, 4%; 1896 to 1899
incl., 3^%; since, 3%; Non-Par; 3J% for all years of issue. Tropical and
Sub-Tropical business. Am. Trop., Par 3%; Non-Par, 3j %, Annuities B.O.
Select, 3J%.
O"" (5) 3i%
O" « 3J%; Annuities O [a) 3|%
Prior to 1910, H" 3J%; after 1909, O" (s) 3%; annuities, H" 3J%
O-" (s) 31%
H">3|%
3% Business Am. 3% and O"" (=) 3%; all other O" W 3J%, Annuities B. O. Select
3^%.
H°» 3%; Tropical and Sub-Tropical business Am. Trop. 3%; Annuities B. O.-
Select3%. •
Ordinary: issued prior to Jan. 1, 1907, H™ 3|%; since O"" (*) 3%; Industrial issued
prior to Jan. 1, 1900, Combined Exp. 3^%; issued 1900-1915, Farr's No. 3 3J%;
since Farr's No. 3, 3%. Annuities B.O. Select 3%.
H"" 3^%; Tropical; Am. Trop. 3|%; Sub-Tropical, mean of !!■= and A"" Trop., 3J%
Annuities B. O. Select 31%.
O-n (=')3^%
Assurance O™ {<•) 35% prior to 1903; 3% thereafter. Annuities O [a™] and O [af\
35% prior to 1903; 3% thereafter.
Par, O-"^ (5) 34%Non-Par, H-" 35%. Annuities, B.O. Select 35%
H™ 35%' Tropical business. Am. Trop., 3%; Sub-Tropical, Table based on mean
of "qx" of Am. Trop. and H"" 3%; Annuities B. O. Select 3j%.
O" (5) 35%; Annuities, B.O. Select 3|%.
O-" (6) 35%
Annual Dividend O" (s) 3%; all other O" {^) 3J%
O"" (6) 35%
Participating O"- (6) 3%; Non-Participating O" (') 35%
Prior to Jan. 1, 1903, O-" (s) 35%; since Dec. 31, 1902. 0>° (6) 3%; Annuities B.O.
Select 35%. Federal Life Business O" 35% throughout. Tropical Life and
Limited Life R. D. plan, practically American Tropical 3%; all other Tropical
O-" (6) 3%.
Life participating, issued prior to Jan. 1, 1913, O"" (') 3%; all other, O-" (*) 35%. . . .
0-(')3J%
•Estimated.
ABSTRACT OF STATEMENTS
SESSIONAL PAPER No. 9
DEDUCTION— CANADIAN COMPANIES, DECEMBER 31, 1920
149
Excess of
Reserve on
Company's
Bases of
Valuation over
Reserve on
Statutory Bases
of Valuation
Deduction from the Reserve on
the Company's Bases of
Valuation
Permitted under
sec. 43 (3) Ins.
Act, 1917
Actually
made
•1,278,549
♦118,149
*84,396
*24,462
222,500
*246,227
457,839
•366,356
•656,724
•84 ,429'
•l,042,f
•1,000
1,106,655
32,800
7,444
616,406
78,353
118,517
250,485
225
198, 744
1,151,138
572,389
420,527
951,898
152,929
864,109
124,386
428,215
111,612
21,444
31,771
29, 891
81,769
2,003,509
60,092
23,812
32,800
7,444
78,353
118,517
90,000
152,929
124,386
111,612
21,444
31,771
29,891
81,769
60,092
23,812
150
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
ASSETS IN CANADA OF BRITISH AND FOREIGN COMPANIES LICENSED
(AS AT DECEMBER 31, 1920, EXCEPT FOR
Company.
*ReaI Estate
Loans
on
Real Estate
Loans
on
Collaterals.
Policy Loans
British Companies
Commercial Union
Edinburgh
Gresham
Life Association of Scotland
tLiverpool and London and Globe —
London and Scottish
Mutual Life and Citizens' (Australia).
North British and Mercantile
Norwich Union
Phoenix of London
Royal
Scottish Amicable
Scottish Provident
Standard
Star
Totals.
Foreign Companies
iEtna
Connecticut Mutual
Equitable
Guardian
Metropolitan
Mutual of New York
National of United States.
New York
Northwestern Mutual
Phoenix Mutual
Provident Savings
Prudential
State
Travelers of Hartford
Union Mutual
United States
Totals.
2,495,436
130,000
679,200
186,998
1,712,039
227,212
2,497,879
'"896,665
373,288
4,446,785
917.498
12,727,404
218,132
4,174,500
4,234,208
53,300
681,865
218,132
9,143,873
6,000
6,165
12,165
15,000
15,000
10,442
272
31,712
25,580
631,504
3,094
44,251
258,534
329,328
5,056
1,800
1.254,155
6,864
2,602.592
904,135
966,124
7,889
2,491,816.
2.079,565
3,513,525
7,252
72,088
523.578
72,895
942.747
389,327
53,051
12.023.992
•Market values. . e ji-, t l
fThis company also transacts fire insurance and has not made a separation of its assets as between fire and me branches.
Its total assets in Canada are shown on page 58.
ABSTRACT OF STATEMENTS
151
SESSIONAL PAPER No. 9
TO TRANSACT THE BUSINESS OF LIFE INSURANCE IN CANADA.
COMPANIES NOTED ON PAGE 136.)
•Bonds
and
Debentures
*Stocks
Cash
Interest
and
Rents due
and
Accrued
Outstanding
and
Deferred
Premiuma
and
Annuity
Consideration
Other Assets
Total Assets
$
250,218
$
106,561
92,402
37,864
34,174
S
70,137
12
13,769
1,250
2,502
$
i
2,935.296
151.573
1,498,539
200,528
1
58,887
2
552,767
43,194
1,167
4,033
3
138,357
4
5
4,505,201
26,401
21,513
102,440
3,248
128,221
142,389
129,961
6,576
56.519
89,655
19,481
7,046
41,489
7,329,413
391,530
4,319,224
156,320
3,339,527
2,468,941
71,181
71,844
14,448,180
159,517
6
340, 866
7
1,600,294
10,795
8
153 072
9
1,729,754
58,674
23,754
1,125
44
37. 175
3,643
40,654
91,779
413
10
1,881,691
11
65,000
12
70,000
13
8,165,449
79,460
2,561
91,229
736
639
14
145,713
15
19,657,269
777,234
402,639
387,443
57.369
37,541,613
5,776,221
104,169
47,971
77,509
138,043
617
6,944,496
104.169
8,691,360
105,057
51,242,910
12.484.842
55.665
21,767.514
66.507
117,069
492,113
16,545,405
449,575
7,273,910
2,400,780
344.916
1
2
7,335,889
151,791
110,629
129
610,829
209,676
633
244,280
242
126,927
132
1,517,579
107.423
32
277.953
49
311
2,623
436,440
1,399
178,046
18,400
3,530
,
3
96, 907
4
40,962,354
1,267,270
59,585
430
45
5
10,028,548
6
55,000
7
13,021,052
476,496
8
58,964
9
116,758
10
348, 879
61,400
1,618,791
23,068
106,942
93,402
12,674
7,123
156,158
4,400
69,604
23,899
3,161
11
13,810,438
12
284,513
10,000
5,201
n
5,289,505
14
1,875 752
15
16
99,422,449
3,919,390
1,518,272
2.808.887
16,293
129.086,288
152
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
LIABILITIES IN CANADA OF BRITISH AND FOREIGN COMPANIES LICENSED TO
(AS AT DECEMBER 31. 1920, EXCEPT
Company.
Net Liability
under
Contracts in
force for
Payments
not due
(Reserve).
Net Liability
for Payments
due under
Contracts
(unsettled
claims).
Provision for
unreported
Claims.
'Miscellaneous
Liability
under
Assurance
Contracts.
British Companies.
Commercial Union
Edinburgh
Gresham
Life .Association of Scotland
Liverpool and London and Globe
London and Scottish
Mutual Life and Citizens' (Australia)
North British and Mercantile
Norwich Union
Phoenix of London
Royal
Scottish Amicable
Scottish Provident y
Standard
Star
Totals
Foreign Companies
.Etna
Connecticut Mutual ^
Equitable
Guardian
Metropolitan
Mutual of New York
National of L'nited States
New York
Northwestern Mutual
Phopnix Mutual
Provident Savings
Prudential
State
Travelers of Hartford
Union Mutual
United States
Totals
223,000
18,849
537,327
235,125
72,332
4,798,459
278,082
441,527
128,000
2,634,631
2,426,111
34,135
20,198
8,557,533
83,848
20,489,157
,766,768
402,000
225,800
53,751
713,082
125,619
17,026
630,335
44,029
140,000
378,922
109,448
336,831
311,725
053,234
253,124
114,561,694
14,107
4,480
63,964
200
5,251
724
5,458
4,504
125,331
9,234
233,253
62,712
10,156
69,425
90, 148
92,297
149,535
6,000
12,500
43,724
1,000
68,799
32,345
11,000
649,641
4,263
10,000
'87 .'906
40,000
8,031
2,500
542
2,251
4,981
1,642
7,222
282
20,954
37,874
116,141
85,050
245
335,600
109,310
312,724
1.736
114,841
3,493
19,967
15,531
4,234
1.118.872
•Consisting of surrender values claimable under cancelled contracts, amounts left with the Company at interest (aris
isg out of assurance contracts), advance payments of premiums and interest by policyholders, policy dividends du3 and
unpaid and premium reductions on outstanding premiums.
fEstimated.
ABSTRACT OF STATEMENTS
153
SESSIONAL PAPER No. 9
TRANSACT THE BUSINESS OF LIFE INSURANCE IN CANADA.
FOR COMPANIES NOTED ON PAGE 136 1
Provision for Profits.
Investment,
Contingency
and Special
Reserve
Funds.
Borrowed
Money
and
Bank
Overdrafts.
All other
Liabilities.
Total
Liabilities.
eExcess of
Assets over
Liabilities.
dTte Reverse.
Deferred
Dividend
Policies
issued sinje
Jan. 1, 1911.
All other
Policies.
$
$
S
$
$
433
$
223,433
18,849
540,974
249,232
79,088
4,936,402
285,416
448,779
128,724
2,654,068
2,440,587
34, 145
20,198
8,770,557
93,082
S
e 2,711,863
e 132,724
e 957, 565
d 48,704
e 2.393;011
e 106,114
e 3,870,445
e 27,596
e 685,459
e 28.354
e 37,036
e 51,646
e 5,677,623
e 66,436
1
2
3,105
3
4
25
7,906
5,492
2,001
5
729
60,363
6
7
8
9
6,757
9,690
10
10
11
12
13
62,000
4,739
14
15
729
62,000
60,363
40,158
20,923,534
16.697,167
83,796
29,239
7,062,919
412,156
8,668,481
55,244
46,011,260
11,972,206
17,026
21,128,339
50,029
140,000
393,504
14,533.082
341,963
6,460,126
2,109,203
268,930
d 118,423
d 307,987
e 22,879
e 49,813
e 5,231,650
e 512,636
e 38,639
e 639,175
e 16,478
d 22,931
f 98,609
e 2,012,323
e 107,612
e 813,784
e 291,577
e 75,986
1
2
256,839
1,230
370,100
615,107
21,367
18
403,356
29,873
3
4
11,068
5
6
7
957,234
78,511
8
9
in
346
115,431
402
23,025
5,593
572
11
104,946
237
25,879
4,692
2^700
12
13
14
15
16
2.415,368
18,460
707,733
119,624,468
e 9,461,820
154
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
INCOME (RECEIPTS ON ACCOUNT OF CAPITAL STOCK SEPAR
Company.
Assurance Premiums.
Ordinary
and
Industrial.
Group.
Consideration
for
Annuities.
Consideration
for Supple-
mentary
Contracts.
Canada
Capital
Commercial
Confederation
Continental
Crown.
Dominion
T.Eaton
Excelsior
Great West
Imperial
London '
Manufacturers
Monarch
Mutual of Canada
National of Canada. ..
North American
Northern
Saskatchewan
Sauvegarde
Security
Sovereign
Sun
Travellers of Canada.
Western
Totals.,
11,241.393
215,769
22,586
4,976,347
587,867
848,576
1,480,184
476
1,283,029
8,012,400
3,981,736
3,507,516
6,760.413
735,386
7,579,777
942,539
3,346,659
755, 182
128.904
289,015
103.097
413.394
20,898,710
355,590
120,736
78,587,281
24,038
38,004
'5;697
2,488
498
67,904
335.135
112,711
52
1.017
227
3.909
2.000
15.008
'33; 332
2,488
1.585
1.567,943
66,904
3,902
3,210
46,064
22,924
13,764
72,683
8,923
29.400
275
10.000
43.969
138,029
2,075,407
322,018
ABSTRACT OF STATEMENTS
155
SESSIONAL PAPER No. 9
ATELY) OF CANADIAN LICENSED LIFE COMPANIES, 1920.
Amounts
left with
Company
(arisingjout of
Assurance
Contracts.)
Interest,
Dividends
and Rents.
Gross Profit
on Sale or
Maturity
of Ledger
Assets.
Premium
on
Capital
All
other
Income.
Total Income
(Excluding
receipts on
account of
Capital Stock).
Paid on
Capital
Stock.
19,130
S
3,755,493
39,412
6,963
1,339,156
139,245
162,356
399,094
1,418
315,209
1,873,188
990,066
686,381
1,699,978
77,133
2,243,187
260,856
1,111,943
177,987
20,076
84,168
11,711
104,867
6,073,715
41,172
16,722
$
90,866
$
70,468
1,062
09
$
15,603,427
260,145
49,960
6,488,309
731,474
1,030.937
1,897,743
47,413
1,600,746
10,156,865
5,094,473
4,212,418
8,639,229
816,452
10,124,171
1,226,669
4,542,888
955,393
149,663
373,821
156,508
532,449
29,412,219
398,973
142,496
$
1
2
20,312
3,485
3
6,446
50,439
4,034
18,660
17,862
4
276
5
240
88
350
6
376
7,515
153
8,970
7
100,000
5,000
1,823
8
75
2,280
69,200
65,209
10,488
19,990
3,933
61,084
10,972
29,297
18,842
217
9
138,037
10
32,538
11
5,545
25,000
12
3,447
126,131
13
14
133,214
894
15
3,379
16
267
22,834
17
1,797
IS
466
19
363
20
iiioo
109,774
436
2,116
41,700
48,371
21
2,788
22
6,855
643,349
1,775
2,122
n
........ i,6Z2
24
800
fi
354,034
21,631,496
587,099
63,366
886,111
104,644,841
185.661
156
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
INCOME IN CANADA OF BRITISH AND FOREIGN COMPANIES
Company
British Companies
Commercial Union
Edinburgh
Greshaiii
Life Association of Scotland
Liverpool and London and Globe
IvOndon and Scott ish
Mutual Life and Citizen's (Australia)
North British and Mercantile
Norwich Union
Phoenix of London
Royal
Scottish Amicable
Scottish Provident
Standard
Star
Totals
Foreign Companies
jEtna
Connecticut Mutual
Equitable
Guardian
Metropolitan
Mutual of New York
National of United States
New York
Northwestern Mutual
Phoenix Mutual
Provident Savings
Prudential
State
Travelers of Hartford
Union Mutual
United States
Totals
Totals — British and Foreign Companies
Assurance Premiums
Ordinary
and
Industrial
17,160
258
215,728
3,174
2,482
554,012
201,165
57,812
2,540
232,720
735,855
658
173
737,300
4,792
2,765,829
1,111,427
21,852
1,383,061
10,426
13,742,647
1,869,998
127
4,169,799
1,236
19,024
30,920
5,879,773
40,813
1,104,644
304,048
26,867
29,716,662
32,482,491
Group
221,425
'27; 886
3,472
114^977
518,072
518,072
ABSTRACT OF STATEMENTS
157
SESSIONAL PAPER No. 9
LICENSED TO TRANSACT THE BUSINESS OF LIFE INSURANCE, 1920
Consideration
for
Annuities
Consideration
for Supple-
mentary
Contracts
Amounts
left with
Company
(ansingout of
Assuianse
Con'raets)
Interest
Dividends
and Rents
Gross Profit
on Sale or
Maturity
of Ledger
Assets
All other
Income
Total Income
$
$
$
$
183.864
2,663
60,532
2,049
$
$
640
$
201,664
2,921
276,310
5,223
2,600
1.133,114
219,214
280,613
2,832
398,796
905,756
4,881
3,294
1,492,346
12,383
1
2
50
3
.
4
58
60
6,919
280
42
5
10,989
359.022
17,769
222,758
292
161,721
95,488
4.223
3.121
717.123
7,591
202.172
6
7
' 1
8
9
4,355
10
74,413
11
12
13
81
33.852
3,990
14
15
131
85,403
58
1,838.216
536.024
16.286
4,941,947
28,900
12,505
330.746
4.526
362,731
6.892
2.263.845
572.521
2.600
1.088,300
5,058
5,211
24.124
693,030
23,937
367.178
114.323
13,725
1,705.003
26.378
1,802,713
17,350
16,279,552
2,485,000
2,727
5,569,664
6,294
24,235
55,044
6,623,785
65,010
1,639,172
422,882
40,592
1
9
16,456
4,448
7,938
32
14,817
11,169
193
3
4
2,000
28
53,021
24,953
7,944
44.966
6,331
5
6
7
2,575
18,744
110,532
179,714
8
9
10
11
31,761
25
260
15,724
12
13
49,555
65
2,818
14
793
3,653
15
16
21,059
211,447
158,071
5,878,747
10,762
250,581
36,765,401
21,190
296,850
158.129
7,716,963
246,786
266,867
41,707,348
158
DEPARTMENT OF INSURANCE
o
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ABSTRACT OF STATEMENTS
159
SESSIONAL PAPER No. 9
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160
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
DISBURSEMENTS OF CANADIAN LIFE
Company.
Taxes.
Head Office,
Branch Office
and
Agency
Expenses
All
Other
Expenses.
Canada
Capital
Commercial
Confederation
Continental
Crown
Dominion
T. Eaton
Excelsior
Great-West
Imperial
London
Manufacturers
Monarch
Mutual of Canada... .
National of Canada..
North American
Northern
Saskatchewan
Sauvegarde
Security
Sovereign
Sun
Travellers of Canada
Western
Totals...
214,058
3,499
579
81,438
10,157
12,679
17,835
474
21,808
148,177
46,519
47,908
111,997
9,881
87,517
15.531
55,907
14,868
2,312
6,114
2,349
7,013
373,300
6,407
2,673
2,446,867
70,844
21,548
1.361,458
195,811
249,321
498,195
9.301
423,276
2,108,747
1,212,517
1.112,612
2,053,917
291,223
1,617,407
331,764
979.219
316,590
44,682
90,072
67,544
150,807
5,124,481
123,241
53,231
427, 802
9,930
11.152
199,651
29,896
34.815
76,. 547
6.735
59.954
448,321
182,806
189,300
338,. 547
34,923
365.814
54,378
140,159
50,605
7,134
19,4.34
25,728
30,402
867,397
16.335
10.407
1,301.000
20,954,675
3,638.172
ABSTRACT OF STATEMENTS
161
SESSIONAL PAPER No. 9
INSURANCE COMPANIES, 1920.
Total
Expenses.
In respect
of
Assurance
and Annuity
Contracts.
Supplementary
Contracts,
Premium
Reductions
and
Deposits
withdrawn.
Dividends
to
Shareholders.
Grdss Loss
on Sale or
Maturity
of Ledger
Assets.
Total
Disbursements .
'Investment
Expenses.
$
3,088,727
84,273
33,279
8,116,990
25,990
3,182
2,421,772
236,138
213,906
529,198
9,000
482,857
2,603,023
1,349,867
687,974
2,614,729
79,620
3,493,130
442,504
2,145,959
262,814
16,293
68,989
17,254
125,741
10,960,402
44,352
36,676
S
131,813
300
$
150,000
$
65
18,004
$
11,487,595,
128,567
36,461
4,127,197
485,337
519,479
1,206,482
25,510
1,003,144
5,549,679
2,915,029
2,076,609
5,173,567
417,097
5,738,260
871,390
3,346,420
645,953
70,671
184,609
113,460
334,330
17,948,694
190,835
103,237
193,186
1
2
3
1,642,547
42,878
1,335
2,584
19,242
20,000
12,000
25,600
85,877
8,232
4,472
23,716
4
235,864
5
296,815
592,577
16,510
6,174
39,865
6
7
8
505,038
2,705,245
i.ioo
92,034
51,820
7,815
25, 140
450
174,392
7,213
18,306
1,076
250
14,000
149,377
67,500
31,000
24,000
149
22,657
131.717
73,971
49,910
127,889
7,329
146,625
59
66,281
8,409
4;208
9
10
1,441,842
1 349,820
4,000
11
12
2,504,461
336,027
5,237
1,000
13
14
2,070,738
15
401,673
20,000
6,000
16
1,175,285
382,063
870
17
18
54, 128
19
115, 620
20
95,621
585
7,767
177, 175
500
250
21
188, 222
12,600
425,000
2,408
303,686
1,050
22
6,365,178
145 983
2a. 939
23
24
66,311
25
25,893,847
36,988,360
764,025
957,077
96,303
64,699,612
1,261,682
* Included in the items constituting "Total Expenses."
9—11
162
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
DISBURSEMENTS IN CANADA OF BRITISH AND
Company.
Taxes.
Head Office,
Branch Office
and
Agency-
Expenses.
British Companies.
Commercial Union
Edinburgh
Gresham
Life Afisociation of Scotland
Liverpool and London and Globe
London and Scottish
Mutual Life and Citizens' (Australia).
North British and Mercantile
Norwich L'nion
Phoenix of London
Royal
Scottish Amicable
Scottish Provident
Standard
Star
Totals
Foreign Companies.
iEtna
Connecticut Mutual
Equitable
Guardian
Metropolitan
Mutual of New York
National of United States.
New York
Northwestern Mutual
Phoenix Mutual
Provident Savings
Prudential
State
Travelers of Hartford
Union Mutual
United States
Totals
Totals — British and Foreign Companies.
1,460
4,017
3
44
9,887
2,917
4,024
205
4,192
7,622
10
12,523
80
46,984
9.760
13
23,479
8
,207,723
28,747
35
70,756
1
23
82,601
782
18,387
5,344
521
448,180
495,164
900
86,414
169
282
123,765
154,691
18.285
68
32,187
147,840
25
135,741
438
700,805
197,481
10
211,690
733
3,250,292
332,938
803,071
304
1,463,118
2,314
325,728
44,752
2,605
6,635,036
7,335,841
ABSTRACT OF STATEMENTS
SESSIONAL PAPER No. 9
FOREIGN- LICENSED LIFE COMPANIES, 1920.
163
All other
Expenses.
Total
Expenses.
In respect
of
Assurance
and Annuity
Contracts.
Supplementary
Contracts,
Premium
Reductions
and
Deposits
withdra-wB.
Gross Loss
on Sale or
Maturity
of Ledger
Assets.
Total
Dis-
bursements.
•Invest-
ment
Expenses.
S
252
$
2,612
1,222
101,708
425
440
156,430
171,529
27,822
323
39,855
169,792
40
253
170,781
532
14,150
S
$
16,762
1,222
203,980
22,230
16,130
659,127
204,626
75,272
5,778
243,447
636,612
4,986
8,268
1,357,319
16,724
$
1
1,222
2
11,277
101,831
21,805
15,690
500,675
33,097
47,450
5,455
202,676
464,159
4,946
8,015
971,701
16,157
441
59
?
253
4
114
5
22,778
2,022
15,165
6
13,921
7
5,513
5,785
g
50
9
3,476
1,016
2,661
10
14,330
11
5
12
253
13
22,517
14
2,421
35
212,416
13,760
14
15
95,975
843,764
2,407,707
8,596
212,416
3,472,483
34,769
17,938
225,179
40
247.530
757
3,879,660
394,371
35
944,845
26
1,339,611
68,573
1,044,101
515
4,309,648
1,910,720
2,807
2,737,729
7,350
70,483
40,165
1,276,431
109,403
738, 142
370,739
17,862
66,023
1,630,813
68,613
1,304,922
2,082
8,212,111
2,356,635
2,842
3,717,594
8,101
70,483
40,492
2,957,312
119,043
1,148,450
423,464
21,195
54
1
17
2
12,361
13,291
810
22,117
51,544
1,520
3
16
4
421,645
32,686
686
4.872
5
6
7
71,018
35,020
725
8
25
g
10
327
1,645,791
3,317
377,490
52,275
3,333
11
100,072
35,090
6,323
32,818
450
12
221
IS
33,375
14
2,179
•
15
207
16
691,760
7,774,976
14,044,279
264,211
686
22,084,152
6,446
787,735
8.618,740
16,451,986
272,807
213,102
25,556,635
41.215
'Included in the items constituting "Total Expenses.'
9— lU
164
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
DETAILS OF LIFE INSURANCE ISSUED
Company
Gross
Amount
in force,
Jan. 1. 1920.
Gross Amount Issued.
New
Issued .
Old
Revived.
Recovered
from
Disability.
Old
Increased.
Trans-
ferred-
Canadian Companies.
Canada.
Ordinary
[Group
(a)....
(6)...
[(c)...
[(«)....
(6)...
1(c)...
Capital
Commercial
Ua)
Confederation { (b)
[(c)
Continental
Crown.
Dominion. .
T. Eaton /Ordinary.
1 Group
Excelsior [Ordinary . .
\ Industrial.
Great-West .
Imperial .
Ordinarj'f(a).
(6).
> w)-
Group (a).
(a)
(6)
(c).
London
f(fl).
A (6).
13'
Manufacturers'
Monarch
Mutual of Canada ■
Ordinarj'{
] 1(c)..
I Industrial (a).
[Group (a)..
1 Ua)..
•{Ordinary {(6)..
Uc)..
(Group (a)..
National of Canada
North American.
23
Northern
Saskatchewan .
Sauvegarde . . . ,
Security
Sovereign
((a).
(6).
(c)..
v'a).
(6).
,(c).,
(a).
(6).
:c).
Sun.
[(a)..
OrdinaryUb)..
m-
(a)..
Thrift... (b)..
lie)..
Ua)..
Group. . . (6)
Travellers of Canada.
Western
ic).
Totals..
(a^....
(6)....
ic)....
156
72
229
937,684
856,583
794,267
,723,260
399,012
,244,788
,236,586
,481,374
,022,701
,33?, 339
,472,313
33
207
5
212
,701,586
33,661
,441,329
118,947
,560,276
093,395
540,763
,634,158
639,222
52,000
,691,222
504,587
110,700
,442,255
,944.476
,386,731
20,
169,
1.
170,
26,
26,
76
8,
84,
17
3
S
3
12
218
197
415
129,349
489,076
217,229
706,305
571,984
234,200
806,184
487,319
110,171
597,490
879,907
753,876
375,320
012,437
305,211
628,715
245,072
873,78
526,864
512,503
039,367
650,700
650,700
,805,175
,458,939
1,393,179,704
360,068,530
1,753,248,234
.38,004,253
23,752,066
61,756,319
2,148,470
35,500
2,183,970
1,689,370
405,038
26,499,388
7,780,712
34,280.100
4,757,164
6,832,325
15,778,1.58.
19,. 500
20, 098,. 500
10,770,264
57,067,245
3.100,280
60,167,525
411,500
27,296,357
3,251,449
30,547,806
19,880,965
88,500
19,969,465
11,857,232
544,798
106,417
651,215
14,450
10,000
795,888
68,823
864,711
139,000
731,241
882,700
370,000
2,285
2,117,053
95,000
2,212,053
492,715
74,000
.566,715
231,500
231,500
136,289
32,809,292
19,459,557
52,268,849
40,800
8,000,849
46.674,145
321,015
46,995,160
6,954,182
64,. 500
7,018,682
22,080,210
1,352,649
23.432,859
7,746,431
842,534
2,400,648
2,002,155
4,141,300
52,161,085
55,906,933
108,068,018
548, 147
230,108
778,255
170,390
'491,587
1,000
492,. 587
130,953
1.000
131,953
750,085
16,650
766,735
117,423
74,144
14,000
17,000
61,500
1,237,112
1,021,162
2,258,274
5,095
906
6,001
7,356,728
1,432,400
8,789,128
3,786,387
1,227,750
22,000
81,000
441,740,225
116,545,561
.558,285,786
10,188,355
1,615,066
11,803,421
63.663
17,015
80,678
561.380
561,380
3.. 505
274,249
25,776
300,025
5.765
259,028
74,110
67.028
80
487,235
942,249
1,429,484
124,500
37,050
500
37,550
39,616
450
450
39,616
1.579
13,000
109,745
21,216
130,961
11.700
83,874
80,273
1,000
81,273
171,123
171.123
122,229
42,148
164.377
10,008
12,509
2,500
2,500
14,085
220,506
2.056,151
2.276,657
1.644.050
'i,6U,050
6,143
450
450
4,503,033
3,106,055
7,609,088
20,378
750,805
771,183
15,800
465,794
103,674
569,468
32,000
570,092
87.500
1,256,112
15,500
1,271,612
366,870
28.500
395,370
755,982
375,595
251,382
626,977
118,850
712,690
5,000
717,690
181,093
500
181,593
495,713
50,227
545,940
53,750
3,001)
1.000
7,000
135,550
3,057,013
2,790,505
5,847.518
1,026
1,026
45,911
3.000
8,761,719
3,996,093
12,757.812
(a) In Canada. (6) Out of Canada, (c) Total business.
ABSTRACT OF STATEMENTS
165
SESSIONAL PAPER No. 9
AND TERMINATED 1920.
Gross Amount Terminated.
DeatL.
Ms^turity.
Expiry.
Dis-
ability.
Sur-
render.
Decrease.
Not taken.
Trans-
ferred.
Gross
Amount
in force
Jan. 1, 1921.
1,982,949
710,505
2,693,454
6,800
667,146
358,522
1,025,668
362,597
27,340
389,937
2,534
6,475
9,009
2,341,550
1,217,347
3,558,897
5,020,678
1,574,736
6,595,414
209,885
63,152
273,037
380,100
2,028,050
1,400,239
3,428,289
6
20
3
787
220
1,008
76
138
208
433,599
36,453
470,052
55,135
34,500
240,407
423,955
159,639
583,594
43,000
39,675
26,714
128,710
3,000
1,231,835
212,916
1,444,751
370,295
86,665
299,935
243,890
84,076
5,444,493
791,598
6,236,091
1,499,522
2,216,229
4,345,683
380,100
15,350
177,060
345,346
49,471
394,817
61,500
266,341
324,238
1,670,310
489,815
2,160,125
265,464
626,350
1,412,780
11,000
254,503
1,475
1,177,169
28,964
1,206,133
06,525
1,129
186,651
186,651
2,143,000
22,000
"450;361
4,000
454,361
2,000
5,500
5,500
627,347
702
2,116,373
50,093
2,166,466
2,770,968
2,464
10,255,879
599,226
10,855,105
103,550
545,244
106,986
652,230
226,117
256,806
16,060
272,866
64,499
90,072
90,072
246,500
971,409
70,520
1,041,929
331,645
226,117
268,372
64,499
69,648
246,500
1,538
331,645
3,742,830
491,350
4,234,180
4,137,100
4,000
4,141,100
5,432,545
9.54,053
114,080
1,068,133
120,750
101,116
5,213
106,329
123,200
3,808,779
216,125
4,024,904
1,022,276
165,000
1,187,276
971,750
612,190
490,792
1,102,982
338,361
320,439
658,800
51,138
89,767
140,905
757,168
367,750
1,124,918
5,250,810
2,847,216
8,098,026
71,000
1.241,648
2,000
1,243,648
236,501
2,000
238,501
612,955
71,431
684,386
100,070
18,500
52,750
15,700
76,000
1,782,734
2,399,389
4,182,123
8,253
7,692
15,945
29,500
739,821
10,500
750,321
102,635
24,308
569,730
1,000
569,730
72,005
1,000
102,635
452,147
20,000
472,147
39,216
7,000
17,755
681,305
907,087
1,588,392
24,985
12,620
37,605
72,005
137,235
23,409
160,644
30,500
10,000
4,500
28,000
46,820
92,718
186,914
279,632
4,000
1,045
5,045
159,
1,435,
13,
1,448,
500,
500,
1.181,
85,
1,267,
346,
38,
101,
11,
86,
4,903,
4,374,
9,277,
7,
,192,883
,149,305
28,250
,177,555
,028,846
123,200
43,910
13,100
134,131
107,469
241,600
5,000
94,101
167,632
971,750
1,468,012
1,019,142
2,487,154
1,500
17,055
,028,846
,421,686
225,641
,647,327
,685,712
399,308
661,250
382,700
,652,725
,418,539
,463,003
,881,542
4,008
3,853
7,861
29,500
57,250
35.500
1,'500
49,000
19,200
67,250
29,000
685,050
370,275
10.658,762
4,040,735
14,699,497
4,479,270
1,681,681
6.160,951
4,984,566
491,069
5,475,635
16,534
7,520
24,054
18,134,317
6,401,957
24,536,274
78,499,454
13,028,873
91,528,327
167,632
86,791
2,000
88,791
270,866
17,755
288,621
3,500
36,652
21,147
16,805
64,300
455,678
13,348,056
13,803,734
325
51
376
1,476,050
280,540
2,273,275
16,500
2,289,775
285,337
285,337
761,637
79,220
840,857
362,844
154,930
291,250
104,800
50,000
4,473,343
4,851,350
9,324,693
1,476,050
48,173
14,850
294,750
71,100
661,250
109,933
771,183
15,800
387,018
185,927
572,945
31,500
576,552
93,500
1,222,196
16,500
1,238,696
351,870
43,500
395,370
773,253
773.253
396,397
230,580
626,977
116,500
713,690
4,000
717,690
179,727
7,000
186,727
497,713
48,227
545,940
48,175
1,000
1,000
7,000
135,550
3,056,202
2,791,306
5,847,508
1,026
1,026
45,911
3,000
182,294
92,014
274,308
2,322
35
2,358
6,845
723
107,556
28,068
135,624
17,553
25,745
45,348
19
17,944
40,544
30
248,192
8,242
256,435
415
105,204
10,996
116,201
63,673
136
63,809
33,683
110
120,276
58,433
178,710
47
25,564
205,156
1,470
206,627
30,517
288
30,806
90,600
9,000
99,600
22,190
4,026
9,652
4,474
14,528
253,436
223,697
477,133
487
479
966
8,144
1,432
9,576
11,412
4,233
5,958,440
13,707,247
19,665,687
23,365,987
8.237,391
31,603,378
9,315,830
3,436,973
12,752,803
1,702,960
434,297
2,137,258
137
637
774
950
500
450
495
974
149
776
925
656
826
869
500
500
635
256
013
988
001
250
764
583
347
221
500
721
674
600
827
584
411
500
980
734
994
728
440
950
390
089
384
473
672
823
821
587
336
403
258
661
221
305
526
428
400
828
326
859
185
166
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
DETAILS OF LIFE INSURANCE ISSUED
Company
Gross
Amount
in force,
Jan. 1, 1920.
Gross Amount Issued.
New
Issued.
Old
Revived.
Recovered
from
Disability.
Old
Increased.
Trans-
ferred.
I
British Companies.
Commercial Union
$
595,130
22,520
5,887,885
286,822
127,297
16,833,325
1.653,084
1,743,775
1,425,618
120,727
7,807,264
11,433,179
47,687
31,473
20,573,788
154,210
$
14,260
183
2,045,999
S
$
$
$
2
Edinburgh
3
Gresham
8,000
1,000
7.000
4
Life Association of Scotland
5
Liverpool, London and Globe
57
122,106
23.128
30,709
750
1,419
6
London and Scottish
Mutual Life and Citizens' /Ordinary
(Australia) \Industrial... .
North British and Mercantile
2,022,035
935,000
2,105,710
292,635
66,765
17,244
103,093
7
8
9
Norwich Union
10
Phcenix of London
573,000
5,217,220
800
7,994
29.600
11
Royal
23.141
12
Scottish Amicable
13
Scottish Provident
21
205, 178
14
Standard
3,713.693
18,451
15
Star
^
Totals
68,743,784
16,919,735
222,347
406,090
37 919
Foreign Companies.
^tna fOrdinary
1
34.304,467
4,412,900
928,942
30,165,048
137,000
259,634
182,403,909
149,180,531
4,609,550
45,364,903
25,257
100,794,116
77,703
224,129
1,047,219
64,860,407
83,489,353
7,058,200
12,025,300
* 14,000
6,833,097
2,507,400
5,500
65,484,582
35,211,426
13,012,700
9,558,025
34,425
42,213
6,512,450
2,380
12.061
561.650
55
4,706,449
2,186,858
4,643,408
85,110
793,846
\Group
9
Connecticut Mutual
241.013
3
Equitable fOrdinary
53,500
205,507
(Group
4
fOrdinary
4,826,340
6,225,815
34
Group
6
Mutual of New York
60,893
202,240
7
National of United States
K
New York
22,563,075
261,412
20.700
81.434
887 100
q
Northwestern Mutual
10
Phoenix Mutual
11
Provident Savings
8,000
1,614,194
. 2,267.392
Ordinary
21,314,373
21,764,041
394,950
6,090
12,499,325
8,800,007
1,124,855
39,044
4.156
810,460
35,250
176
33,825
3,687,588
263,888
2,823,201
1?
Prudential ■ Industrial
1.676.158
Group
13
State
1,860,186
38,291,852
1,590,400
8,582,379
886,660
63,500
14
Travelers of Hartford fOrdinary
\Group
Union Mutual
78.500
t 852,916
15
12,000
16
United States
Totals
Totals (In Canada only)— All Companies
759,496,545
240,215,990
15,442,471
20,700
23,669,411
7,745,515
2,221,420,033
698,875,950
25,853,173
21,150
28,578,534
16,545,153
•Transferred from United States, flncluding $8,400 conversion from Group.
ABSTRACT OF STATEMENTS
SESSIONAL PAPER No. 9
AND TERMINATED IN CANADA DURING 1920.
167
Gross Amount Terminated.
Gross
Amount
in force
Jan. 1, 1921.
Death.
Maturity.
Expiry.
Dis-
ability.
Sur-
render.
Lapse.
Decrease.
Not taken.
Trans-
ferred.
$
9,920
$
2,035
S
$
$
3,000
%
$
%
%
$
594,435
22,703
7,265,213
265,189
110.188
17,526,353
2,322,953
3,069,437
1.633,535
90,727
7,935,772
15,742,276
43,021
23,479
22,838,667
132,668
1
f.
65,893
38,841
528,009
21,928
23,000
7,000
3
21,633
4
18,021
564
261,153
5
189,545
11,360
29,000
348, 141
21,875
559,965
254,385
862,489
17,000
123,074
11,383
36,283
3,683
7,000
6,500
6
7
14,976
102
1,000
42,665
19,120
29,276
137,781
69,860
2,000
8
724
q
104,923
54,560
8,674
33,000
24,500
92,836
328,852
14,192
48,898
8,000
282,829
29,500
10
175,645
11
4,666
11^
8,015
13
435, 306
356,617
7,507
41,000
129,648
316,607
260, 765
132,500
14
13,372
665
15
1,116,664
692,212
127,500
797,542
2,960,143
520,206
461,829
37,163
79,616,616
496,821
409,094
22,504
1,246,235
892,300
92,837
6,160,750
2,372
98,855
504,700
17,521
6,360,287
1,928,423
3,277,200
22,482
190,500
793,846
38,089,014
16,699,550
995,617
38,698,545
2,690.600
244,468
219,477,568
170,542,091
17,737,558
51,356,888
22,320
115,525,957
64,553
149,240
961,866
77,878,496
96,738,340
353,250
1,551,962
47,132.715
10,459,300
9,048,036
857,796
1
89,850
500
64,195
15,019
499,570
4,500
1,337,877
104,632
253,237
9.
459,899
10,750
154,508
447,968
1,000
1,317,754
3
200
347,095
548,690
3,000
195,082
178,177
1,092,800
527,242
4
998,860
1,253,979
'"4;697
2,400
6,780,359
1,840,914
14,881,399
15,964,944
8,051,841
328,823
542,715
6,500
5
64,200
91,500
456,551
279,261
1,555,247
300
1,222,492
1,067,000
6
2,637
7
926,226
421,041
557,703
8,000
4,764,741
294,577
887,100
8
13,150
q
67,765
124
11,000
51,239
6,000
15,500
2,979,578
495,185
1,000
27,000
381,314
387,742
10
26,966
9,000
3,342,501
9,536,547
3,887
67,017
144,588
74,950
11
371,851
622, 134
14,167
795
2,688,870
2,841,298
2,082,073
12
2,000
61,500
i3,666
273,571
239,990
466,542
63,500
844,516
13
336,640
218,849
2,483,585
50,000
131,512
22,000
14
72,068
3,496,627
278,240
129,223
59,202
5,671
75,597
4,592
239,312
22,558
22,000
15
13,087
tn
6,540,352
2,505,974
6,887,499
31,559
14,925,594
54,487,906
22,825,313
12,362,465
8,748,240
917,275,730
18,315,778
7,677,456
11,999,565
48,093
33,857,453
135,947,503
29,303,959
36,190,281
18,101,233
2,699,852,672
168
DEPARTMENT OF IXSURANCE
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ABSTRACT OF STATEMENTS
169
SESSIONAL PAPER No. 9
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DEPLRTMENT OF INSURANCE
11 GEORGE V, A. 1921
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ABSTRACT OF STATEMENTS
171
SESSIONAL PAPER No. 9
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1 72 DEPA RTMEN T OF IN SURA NCE
11 GEORGE V, A. 1921
EXHIBIT OF NET INSURANCE IN FORCE. INCLUDING DISABILITY BENE
Company.
Participating.
Waiver of
Premiums
only.
Waiver of |
Premiunis and
Sum Assured
payable by
Instalments, the
Balance at Death
or Maturity.
Waiver of Premiums
and Sum Assured
payable by Instal-
ments during a
. Term Certain.
Waiver of Premiums
and a Disability
Annuity without
Reduction in the
Sum Assured.
No.
Net Amt.
Assured.
No.
Net Amt.
Assured.
No.
Net Amt.
Assured.
No.
Net Amt.
Assured.
1
Canadian Companies.
2,158
%
3,857,125
4.194
$
8,190,477
$
11,008
8
30
6,003
806
599
2,372
28,722,951
?
21,080
3
92
741
174,000
4,129,390
4
21,000
84,500
4
1,378
2,317,456
15,436,846
5
679
1,058,000
1,957,700
6
2,101
3,586,212
1,090,792
7
8,701
19,539,024
5,377,568
8
T. Eaton ..
q
1,763
2,528,350
1,128
a 84,844
2,648
1,992,178
168,097,940
4,671,863
1,400
7,827
3,010
2,441
6,754
2,709
11,692
1,021
4,163
786
482
733
2,961,695
10
Great-West . .
20,773,826
11
46
9,587
9,248
1,500
1,573
463
495,000
12,501,935
17,998,256
2,655,375
2,572,191
638,453
9,056,691
1?
4,362,000
13
1,939
4,183
4,207
3,422,348
7,862,292
6,973,041
14,498,937
14
6,263,918
15
3,543
6,270,392
25,110,812
16
2,087,202
17
6 4,370
7,231,397
9,306,437
18
1,865
79
3,243
2,630,912
155,875
3,871,160
1,520,195
19
1,122,923
''0
1,092,500
?I
?'
2,739
5,046,184
238
532,000
6, 500^000
c 1,045
37,187
2,446,108
67,819,124
716
21,492
16
2,223,000
'>?,
Sun
48,876,034
''4
4,500
69,000
•'5
Western
Totals
1,731
3,711,455
38,929
66,551,873
13,853
23,810,325
150,935
291,134,315
86,068
202,016,607
British Companies.
1
9
39
53
59,542
73,000
3
12
25,500
4
Mutual Life and Citizens' (Australia)
5
6
Royal
Standard .
274
582,006
59
314,125
S
1
1,000
Totals.
366
714,548
1
1,000
71
339,625
Foreign Companies.
jEtna.
1
4,187,350
■"2i268
7
30,828
3,154
15,691
4,052
750,700
9
1,395
11
111,925
1,013
3,525
•10,416
164
3,602,579
62,500
106,562,497
2,327,083
7,073,000
*6,883,432
251,440
1,723
3,707,668
6,116,564
3
49,000
4
10
125
10,757
•31,156
.300,750
293,000
22,316,050
•41,021,609
35,946,858
5
8,392,196
6
36,733,300
5,715,158
8
q
in
11
Totals
Totals— All Companies (1920...
\1919...
Increase, i; decrease, d
128,449
126,762,531
43,771
67,639,077
4,187,350
56,000
93,703,776
167,744
155,210
194,028,952
182.510,625
57,624
50,392
91,449,402
85,351,820
150,936
133,753
295,322,665
261,469,362
142,139
96,108
296,060,008
187,548,809
tl2.534
111,518,327
t7,232
{6,097.582
il7,183l t33.853.303
146,031
il08,511,199
1
a Waiver of premiums or the sum assured payable by instalments during a term certain.
b Waiver of premiums, and if so requested, the sum assured payable by instalments during a term certain,
c Waiver of premiums and half sum assured at disability, balance at death or maturity.
d Not exceeding ten payments, each of one-tenth the sum assured, and in event of recovery before the policy
becomes a claim, all instalments paid to be deducted from the proceeds of the policy.
ABSTRACT OF STATEMENTS
SESSIONAL PAPER No. 9
FITS PRIOR TO THE OCCURRENCE OF DISABILITY AS AT DECEMBER 31, 1920.
173
Non-Participating.
Totals.
Waiver of
Premiums
only.
Waiver of
Premiums and
Sum Assured
payable by
Instalments, the
Balance at Death
or Maturity.
Waiver of
Premiums and
Sum Assured
payable by Instal-
ments during a
Term Certain.
Waiver of
Premiums and
a Disability
Annuity without
Reduction in the
Sum Assured.
Totals.
No.
Net Amt.
Assured.
No.
Net Amt.
Assured.
No.
Net Amt.
Assured.
No.
Net Amt.
Assured.
No.
Net Amt.
Assured.
XT_ Net Amt.
Assured.
17,360
g
S
40,770,553
21,080
279,500
21,883,692
3,015,700
4,677,004
24,916,592
38
$
97,000
32
S
72,970
$
103
4
21
242
43
62
$
471,017
14,000
61,000
529,373
108,872
171,152
173
4
40
573
80
263
64
4
471
2,564
68
1,032
1,575
157
1.33
19
434
302
S
640,987
14,000
89,500
1,281,373
170,072
582,121
215.762
11,000
1,262,500
8,921,788
222,395
1,438,404
3,878,160
525,882
482,022
43,500
879,607
660,060
1
0
126
19
9
28,500
51,000
3
8 122
322
701,000
i\
1 485
37
61,200
1
2 700
201
410,969
fl
11 073
64
215,762
7
4
103
314
23
307
511
101
43
12
152
101
11,000
309,000
1,223,522
88,000
550,500
1,599,886
486,282
278,380
28,000
397,112
303,911
K
4,291
92,671
5,704
12 028
7,482,223
188,871,766
14,223,554
16,863,935
35,919,541
16,781,585
40,926,436
2,725,655
16,537,834
4,151,107
1,278,798
4,963,660
126
284,000
242
a 2,250
45
669,500
7,698,266
134,395
0
u
11
725
745
13
21
7
887,904
1,408,334
33,500
54,894
15,500
^'>
17,941
8,392
21,015
1 484
319
43
51
869,940
6,100
116,748
n
11
18
32,000
15
16
8,533
6 282
482,495
17
2,651
561
201
356.149
1*
19
3,976
109
177,000
46
7
67
860
9
106,000
17,000
285,250
1,928,765
35,146
155
596
189
2,807
1,309
105
283.000
794,500
550,550
5,628.909
2,935.146
295,852
''O
589
21
777,500
68,000
">!
4,738
58,679
10,247,292
116,695,158
6,569,000
3,711,455
50
95,750
c 51
1,947
101,550
3,700,144
22
0^
4,516
1,300
2,900,000
94
1 731
105
295,8.52
25
289,785
583,513,120
2,369
4,196,352
2,282
4,551,470
5,331
14,056,100
3,135
9,003,168
13,117
31,807,090
"93,000
83,543
2,000
I
39
59,. 542
98,500
49
30
2
49
102
2
93,000
186,768
2,000
9
65
72
103.225
3
4
6
333
896,131
1,000
17
63,500
28
148.378
45
2
211,878
6,000
7
1
2
6,000
3
438
1,055,173
98
242,043
2
6,000
100
251,603
200
499,646
4,938,050
13,426,811
111,500
el42,810,105
11,012,279
66,122,350
53,620,199
251,440
18,084.871
2,633,400
20,718,271
1
5,386
0
18
1
142,763
4
4,292
|>
29,973
6
45, 624
7
I 164
s
q
10
1
2,000
1
2,000
11
228,220
292,292,734
1
2,000
18,084.871
2,633,400
1
20,720,271
518,443
435,463
876,861,027
716,880,616
2,468
23,96
4,440,395
4,388,627
2,282
831
4,551,470
3,756,264
5,333
4,081
32,146.971
23,178,620
3,235
2,034
11,888,171
6,777,020
13,318
9,342
53,027,007
38,100,531
i 82,980
1159,980,411
t 72
t 51,768
i 1,451
t 795,206
i 1,252
J8, 968, 351
t 1,201
t5,lll,151
i 3,976
a4.926,476
e In addition the company has 1.270,971 lindustrial policies insuring approximately $165,8
of premiums and payment of one-half the sum assured in event of disability-.
* Approximate figures,
t Figures not yet available.
3,241, providing tor waiver
174
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
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1,700
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177
SESSIONAL PAPER No. 9
9—12
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DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
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^^
179
9— 12i
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11 GEORGE V, A. 1921
468.176
29.471
15,216
85,559
15,285
28,188
1 '28, 286
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75.689
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SESSIONAL PAPER No. 9
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ABSTRACT OF STATEMENTS
189
SESSIONAL PAPER No. 9
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190
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
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ABSTRACT OF STATEMENTS
191
SESSIONAL PAPER No. 9
CANADIAN FRATERNAL BENEFIT SOCIETIES— INCOME, 1920
Societies
Premiums
Received
for
Expense
Purposes
Interest
Divi-
dends and
Rents
Gross
Profits on
Sale on
Maturity
of Ledger
Assets
All other
Income
Total
Income
Mortuan,'
Sickness
and
Funeral
All
Other
S
389,463
91,130
663,208
246,833
44,701
3,130,596
106,699
139,239
$
117,319
20,488
164,890
6,171
S
790
$
182,589
t 17.014
174,765
24,630
4,233
6,054
12,169
S
235,969
36,520
233,023
36,682
9.716
1,913,206
28,747
55,899
$
$
327
3,676
27,467
8,790
$
926,457
936
9
169,764
7,899
1,271.261
Catholic Mutual Benefit Associa-
323,106
Commercial Travellers Mutual
390
16,698
450
944
59,040
Independent Order of Foresters
298,002
2,504
7,000
5,276
146
653
5,363,778
144,600
215,904
Totals
4,811,869
616,374
8,689
421,454
2,549,762
19,427
46,335
8,473,910
'Included with premiums,
premiums.
fReceived for sickness expenses. Provision for mortuary expenses included in
CANADIAN FRATERNAL BENEFIT SOCIETIES— DISBURSEMENTS, 1920.
Benefits paid to or in respect of Members
Expenses
Gross
Loss on
Sale of
securities
All
Other
Disburse-
ments
Total
Societies
Mortu-
ary
Fund
Sickness
and
Funeral
All
Other
Funds
Total
Dis-
burse-
ments
S
298,641
29,081
402,833
196,892
33,929
3,886,529
63,373
77,683
S
112,778
21,931
142,935
0,919
108
S
411,527
51,012
547,077
202,811
33,929
4,152,739
65,231
83,513
$
196,903
45,505
162,590
23,542
5,367
691,193
31,938
33,823
$
$
$
608,430
63
96,580
1,309
709,667
Catholic Mutual Benefit Associa-
5,424
231,777
Commercial Travellers Mutual
39,296
Independent Order of Foresters
266,210
1,858
5,830
26,141
102,950
4,973,023
97,169
117,336
Totals
4,988,961
557,461
1,417
5,547,839
1,190,861
26,204
108,374
6.873.278
•Orphans Home and Sanitoria maintenance.
FOREIGN FRATERNAL BENEFIT SOCIETIES— INCOME IN CANADA 1920.
Societies
Premiums
Received
for
Expense
Purposes
Interest
Divi-
dends and
Rents
Gross
Profit on
Sale or
Maturity
of Ledger
Assets
All other
Income
Mortuarj-
Sickness
and
Funeral
All
Other
Income
S
48,043
441,618
1,504
S
13,262
$
$
8,309
29.138
5,107
829
$
$
S
70.443
470,756
Jewish National Workers of Amer-
1,195
7.806
14,169
2,349
183,355
176,981
91.573
17.855
7,306
1,934
6,017
122,949
7,846
*
1,000
468
718
2,102
4,865
3,389
359
17,103
Ladies Catholic Benevolent Associ-
8,834
16,210
323 232
186,929
96,438
Women's Benefit Association of the
1,186
7,464
1,237
8,731
3,869
32,398
18.998
Totals... . ...
9S4, 753
39,317
1,237
193.900
13,730
1,232,937
'Included with premiums. t See page 186.
192 DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
FOREIGN FRATERNAL BENEFIT SOCIETIES-DISBURSEMENTS IN CANADA 1920
Benefits paid to or in respect of Members
Expenses
Gross
Loss on
Sale of
securities.
All
Other
Disburse-
ments
Total
Societies
Mortu-
ary
Fund
Sickness
and
Funeral
All
Other
Funds
Total
Dis-
burse-
ments
Association Canado — Americane.. . .
29,816
416,927
1,600
S
11,034
$
$
40,850
416,927
7.445
$
7,469
9,4.55
$
S
$
48,319
426,382
Jewish National Workers Alliance
of Aniecica
5,845
459
7,904
• Knights of Columbus
Knights of P>-thias
Ladies Catholic Benevolent
Association
15,000
2,500
226,649
128,711
52,312
17,484
1,600
15,000
2,500
243,024
128,711
52,312
21,771
7,445
1.509
752
88,319
80
4.430
3,699
16,509
3,252
Maccabees
i6.375
331,343
Roval Arcanum
128, 791
Western Mutual Benefit Association
56.742
Womens Benefit Association of the
Maccabees
3,779
5.845
508
25.470
Workmen's Circle
7.445
Totals
892,599
42,878
508
935,985
116,172
1.052,157
CANADIAN FRATERNAL BENEFIT SOCIETIES— AMOUNTS OF LIFE INSURANCE (MORTUARY FUND)
TERMINATED DURING 1920.
Societies
Death
Maturity
and
Expiry
Disabil-
ity
Old Age
Annuity
granted
Surrender
Lapse
and
Decrease
Not
Taken
Total
{(a)
%
222,704
4,500
227,204
20,124
317,831
92,072
409,903
224,429
31,500
939,089
1,376,971
2,316,060
67,000
91,000
$
4,750
%
58, 195
150
58,345
S
?
975,406
194,232
1,169,638
73,205
894,389
410,922
1,305,311
1,030,301
108,150
6,683,965
11,327,581
18,011,546
149,780
271,535
$
S
1,261.055
Alliance Nationale. . . \{b)
■ 'si'gso
198,882
(c)
4,750
1,459.937
Ancient Order of Foresters
2,199
16,657
145,135
Ha)
Artisans Canadiens \{h)
13,600
2,600
16,200
1,225,820
505,594
1(c)
1,731,414
Catholic Mutual Benefit Associa-
tion
1. .254, 730
Commercial Travellers Mutual
Benefit Society
139,650
f(a)
12.500
4,973
17,473
32,658
50,206
82,864
648,621
612,391
1,261,012
8.316.833
Independent Order of j (6)
Foresters. [{c)
13,372.122
'■ii,5oo
21.688,955
Royal Guardians
18,500
236,780
Woodmen of the World
362,535
Totals \{,b)
IW
1,903,677
1,473,543
3.377.220
14,699
4,973
19,672
51.008
52,806
103,814
706,816
612,541
1,319,357
35,157
■"■35,157
10,186.731
11.932,735
22,119,466
44,450
■44,' 450
12,942,538
14,076,598
27,019.136
FOREIGN FRATERNAL BENEFIT SOCIETIES— AMOUNTS OF LIFE INSURANCE IN CANADA (MOR
TUARY FUND) TERMINATED DURING 1920)
Societies
Death
Maturity
and
Expiry
Disabil-
ity
Old Age
Annuity
granted
Surrender
Lapse
and
Decrease
Not
Taken
Total
Association Canado- Americane. . . .
$
29.450
410,500
1,300
S
t
%
$
$
223.200
642.500
89,600
S
$
252.650
Catholic Order of Foresters
1,053,000
Jewish National Workers Alliance
of America
90,9.00
* Knights of Columbus
Knights of Pythias
16,000
2.500
201,375
126.690
5,000
19,043
18.500
583,175
196,726
40,043
Ladies Catholic Benevolent Associ-
ation •
21.000
Maccabees ...
784,550
Royal Arcanum
234
323,650
Western Mutual Life Association. . .
Women's Benefit Association of the
Maccabees
13.512
1.300
88,283
97,600
101,795
Workmen's Circle
98,900
Totals
802,627
5.000
234
1,958,627
2,766.488
• See page 186.
ABSTRACT OF STATEMENTS
193
SESSIONAL PAPER No. 9
LIFE INSURANCE IN CANADA, 1920.
{Including business of Provincial Licensees.)
Business transacted bv
Dominion licensees —
(a) Life companies
(6) Fraternals
Totals
Provincial licensees —
(a) Provincial companies within province by which they are incor-
porated.
(i) Life companies
( ii ) Fraternals
(6) Provincial companies in provinces other than those by which
they are incorporated.
(i) Life companies
(ii) Fraternals
Totals for Provincial Companies
Grand totals
New
Policies
Issued
(gross)
698,875,950
17,286,450
716,162,400
4,460,566
3,499,929
1,290,9.50
3,836,800
13,088,245
729,250,645
Net
Insurance
in force
Dec. 31, 1920
2,657,037,219
198,380,878
2,855,418,097
14,056,022
99,671,928
3,905,264
57,107,001
174,740,215
3,0.30,158,312
Net
Premiums
received
90,419,180
3,672,033
94,091,213
432,717
2,096,149
106,744
647,059
3,282,669
97,373,882
Net
Death
Claims
paid
22,144,771
2,711,584
24,856.355
60,434
1,898,572
15,818
567,193
2,542,017
27,398,372
9—13
11 GEORGE V SESSIONAL PAPER No. 9 A. 1921
STATEMENT
SHOWING THE MOVEMENT OF SECURITIES DURING THE SIX
MONTHS ENDED
JUNE 30, 1920 (Pages 196 to 227).
DECEMBER 31, 1920 (Pages 228 to 257).
9—131 195
196
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
Statement showing lh(> Movement of Securities of Canadian Life and Assessment Companies
for the -:x months ended June 30, 1920.
BONDS AND DEBENTURES PURCHASED.
Company
Canada Life.
Capital Life.
Commercial Life.
Confederation Life.
Description of Security
Dominion of Canada bonds, 3} p c,
1930-50
Dominion of Canada Victory Loan
bonds, 5^ p.c, 19.33
United Kingdom of Great Britain
and Ireland, 5 p.c, 1928
United Kingdom of Great Britain
and Ireland, 5 p.c, 1929-47
Govt, of Newfoundland, 3^ p.c, 1947
Prov. of Ontario, 6 p.c, 1930
Prov. of Quebec, 3 p.c, 1937
" 4 p.c. 1928
" 4 p.c, 1934
" 0 p.c. ,1955
Prov. of British Columbia, 4j p.c,
1941
Prov. of Nova Scotia, 35 p.c, 1942 .
" " 3J p.c, 1954. .
Prov. of Saskatchewan, 4 p.c, 1954..
Prov. of Alberta, ii p.c, 1943
Prov. of Manitoba, 4 p.c, 1928
Prov. of New Brunswick, 6 p.c, 1930
y unicipal Debs., 3j p.c
" " 4 p.c
" " 4| p.c
.■Yccumulation of book values to-
wards par
Dominion of Canada 5? p.c. Loan,
1924 •
Dominion of Canada 5i p.c. Loan,
1934
Prov. of Saskatchewan, 6 p.c, 1938.
Can. Northern Ry. Co., 4 p.c, 1934
g'teed by Dom. of Canada
Can. Northern Pacific Rv. Co., 4
p.c, 1950, g'teed by B.C
Accumulation of book value to-
wards par
Dominion of Canada Loan, 5^ p.c.
1934
Dominion of Canada \'ictory Loan
bonds, 5^ p.c, 1933...
Dominion of Canada Victory Loan
bonds. 5^ p.c, 1923
Dominion of Canada Victory Loan
bonds, 5^ p.c, 1922
Dominion of Canada Victory Loan
bonds, 5| p.c, 1922
Dom. inion of Canada Victory Loan
bonds, 5^ p.c, 1927
Prov. of Alberta, 5 p.c. Sav. Certifi-
cates
Accumulation of book values to-
wards par
Dom. of Canada Loan, 5i p.c, 1934.
Dom. of Canada Loan, 5i p.c, 1934.
Dom. of Canada, 35 p.c. Reg. stock,
1930/50
Prov. of Ontario, 4 p.c, 1947
British War Loan, 5 p.c. 1929/47... .
Municipal Debs., 4 p.c.
4 p.c.
4 p.c.
45 p.c.
5 p.c.
hi p.c.
Par value
Price paid
t cts.
214,133 30
2,800,000 00
194,666 66
48,666 66
68,133 32
50,000 00
96,724 95
10,706 65
5,840 00
19,272 00
121,666 63
12,166 67
12,166 66
15,573 32
18,493 33
21,413 33
50,000 00
59,373 32
38,446 63
9,733 33
3,867,176 76
50 00
^0 00
5,000 00
24,333 33
24,333 33
53,766 66
1,000 00
100 00
100 00
100 00
100 00
1,600 00
142,
2,800,
188,
41,
46,
49,
4,684
9,612 88
2,137 38
49,256 03
49 50
48 50
5,056 00
18,675 58
16,790 00
349 64
40,969 22
7,000 00
1,017 00
100 00
100 00
100 00
98 75
1,600 00
98 96
10,114 71
From or
through whom
purchased
Dom. Securities Corporation.
Dom. Govt.
Dom. Securities Corporation.
Kerr, FlemmLng & Co.
Dom. Securities Corporation.
A. E. Ames & Co
Dom. Securities Corporation.
Accepted for premium.
Wood. Gundy & Co.
A. E. Ames & Co.
Royal Securities Corpn.
On a|c subscription.
J. G.Clark.
F. S. James.
Ed. Manz.
N. J. Tate.
Prov. of Alberta.
885,000 00
1,051,500 00
73,000 00
43,800 00
58,400 00
14,600 00
46,232 70
48,666 66
45,191 85
21,081 34
56.000 00
885,000 00
999,955 00
46,683
33,726
49,586
11,205
34,191
36,865
35,966
19,400
50,000
Dom. Govt.
Wood, Gundy & Co.
C. H. Burgess Co.
Dom. Securities Corporation.
W. L. McKinnon & Co.
Dom. Securities Corporation.
Kerr, Flemming & Co.
W. L. McKinnon & Co
Harris, Forbes & Co.
Dom. Securities Corporation.
Harris, Forbes & Co.
W. A. McKenzie & Co.
ABSTRACT OF STATEMENTS
197
SESSIONAL PAPER No. 9
\ Statement showing the Movement of Securities of Canadian Life and Assessment Companies
for the six months ended June 30, 1920. — Continued.
BONDS AND DEBENTURES FVRCHASED— Continued.
Company
Description of Security
Par value
Price paid
From or
through whom
purchased
$ cts.
52,031 13
70,000 00
26,100 00
$ cts.
49,065 64
64,307 75
26,510 02
6,379 01
C. H. Burgess & Co
Toronto Harbour Commission, 4?
p.c, 1953
Rural Telephone 7^ p.c. debs
Accumulation of book values to-
Harris Forbes & Co.
W. L. ,McKinnon & Co.
Dom. of Canada Victory Loan,
5|p.c., 1922
2,491,603 68
2,348,842 27
Continental Life
100 00
100 00
50 00
50 00
50 00
100 00
45,. 501 78
100 00
50 00
50 00
24,333 33
8,759 99
50,000 00
29,7.50 00
25,000 00
102 03
99 00
50 65
50 00
51 24
102 50
45,501 78
99 35
48 00
48 88
20,540 50
6,629 51
44,515 00
22,606 83
20,425 00
424 83
H. Woods.
Dom. of Canada Victory Loan,
5^ p.c, 1923
Dom. of Canada Victory Loan,
SJp.c, 1923
G. Burditt.
Dom. of Canada Victory Loan,
5§p.c., 1923
Dom. of Canada Victory Loan,
5^ p.c, 1933
Dom. of Canada Loan, 5^ p.c, 1924.
Doml of Canada Loan, 5i p.c, 1934. .
5i p.c, 1934..
5i p.c. 1934..
51 p.c, 1934..
Canadian Northern Ry. Co., 4 p.c,
1930, g'teed by Prov. of Manitoba.
Municipal Debs., 4i p.c
H. Woods
.J. Moss. ^
Dom. Govt.
G. S. Edgecombe.
H. Woods.
A. Leishman.
Housser, Wood & Co.
United Financial Corp'n, Ltd.
W. A. McKenzie & Co.
School District Debs., 4i p.c
Toronto Harbour Commission 4| p.c.
1953
Brent, Noxon, & Co.
Wood, Gundy & Co.
Accumulation of book values to-.
Dom. of Canada Loan, 5i p.c, 19.34.
Prov. of Alberta Debs., 4 p.c, 1922.
Prov. of British Columbia Debs., 5
p.c, 1939
183,995 10
161,295 10
80,000 00
18,006 67
30,000 00
30,000 00
2,190 00
14,600 00
72,900 00
34,020 00
15,573 31
24,300 33
48,666 66
24,333 33
73,000 00
48,666 66
34,066 20
9,733 33
16,060 00
21,513 53
42,879 99
14,000 00
22,386 66
26,279 64
2,433 33
37,473 32
25,000 00
10,000 00
27,000 00
6,000 00
80,000 00
16,787 08
26,895 00
30,000 00
1,564 10
13,602 82
40,201 92
19,428 82
8,825 67
13,122 00
29,686 66
19,911 96
■55,677 10
38,918 73
25,982 97
7,764 37
10,771 44
16,550 53
32,411 38
11,626 00
17,119 08
20,045 84
1,965 01
30,027 37
23,817 50
8,390 00
27,000 00
6,000 00
W. L. McKinnon & Co.
Wood, Gundy & Co.
Prov. of British Columbia Debs., Si
p.c, 1939
R. C. Matthews & Co.
Prov. of Saskatchewan Reg. Stock,
4ip.c., 1954
Dom. Securities Corporation.
Prov. of Saskatchewan Debs., SJ p.c.
1924/34
Grand Trunk Pacific Ry. Debs., 3
p.c, 1862
Grand Trunk Pacific Ry. Debs., 3
p.c, 1962
Wood, Gundy & Co.
Grand Trunk Pacific Ry. Debs., 3
p.c, 1962
Grand Trunk Pacific Ry. Debs., 3
p.c, 1962
Bell, Gouinlock & Co.
Canadian Northern Ry. Co. Reg.
Stock, 3? p.c, 1961
Canada Bond Corporation.
Canadian Northern Ry., 4 p.c, 1930.
Canadian Northern Ry., 4 p.c, 1934.
Canadian Northern Ry. Reg. Stock,
4 p.c, 1934
Wood, Gundy & Co.
Dom. Securities Corporation
Canadian Northern Ry. Reg. stock,
4 p.c, 1934
A. E. Ames & Co..
Canadian Northern Ry. Reg. Stock,
4p.c., 1934
C. H. Burgess & Co.
Canada Bond Corporation.
Dom. Securities Corporation.
Canada Bond Corporation.
Dom. Securities Corporation .
Bell, Gouinlock & Co.
" " 4i n.c
A. E. Ames & Co.
Canada Bond Corporation.
Wood, Gundy & Co..
Harris, Forbes & Co.
Kerr, Flamming & Co.
7ip.C
Rural Telephone Debs., 7 p.c
Bell, Gouinlock & Co.
Kerr, Flemming & Co.
198
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
Statement .showing the Moveniont of Securities of Canadian Life and Assessment Companies
for the six months ended June 30, 1920— Continued.
BONDS AND DEBENTURES TV RCUASET>— Continued.
From or
Company
Doscription of Security
Par value
Price paid
through whom
purchased
-
S cts.
$ cts.
Crown Life— Con
Accuinulation of book values to-
wards par
832 98
Doni. of Canada Loan, 5i p.c, 1934..
811,082 96
634,926 33
Dominion Life
700,000 00
700,000 00
Dom. Govt.
Sip.c, 1934..
450 00
450 00
Geo. F. Foisetter.
5§ p.c, 1934 .
200,000 00
194,000 00
Wood, Gundy & Co.
Canadian Northern Ry. Co., 4 p.c.
1934 (G'teed by Dom. of Canada)
194,666 66
155,285 59
Wood, Gundy & Co.
Canadian Northern Pacific Ry. Co.,
4 p.c, 1950 (g'teed by Prov. of B.C)
21,900 00
15,508 70
C. H. Burgess & Co.
Canadian Northern Pacific Ry. Co.,
4? p.c, 1950 (g'teed bv Prov. of
B.C.) "
46,233 32
35,915 42
"
Canadian Northern Pacific Ry. Co.,
4| p.c, 1950 (g'teed by Prov. of
B.C.)
21,900 00
16,516 98
Wood, Gundy & Co.
Prov. of Manitoba bonds, 4 p.c, 1948
25,000 00
18,257 50
Waterloo County Loan and
Savings Co.
•
Prov. of Saskatchewan bonds, 45P.c.,
1954
6,083 33
4,766 23
A. E. Ames & Co.
Municipal Debs., ii p.c
7,299 90
4,842 81
^<
" '* 5 D.C
6,326 65
4,622 88
»
5 p.c
31,6.33 33
24,003 37
Dom. Securities Corporation .
" " 6 p.c
25,000 00
■ 23,532 50
St. John Dry Dock and Shipping Co.
Ltd., 5§ p.c, 1942
55,769 73
52,126 71
W. A. MacKenzie & Co.
Accumulation of book values to-
wards par
1,150 99
Dom. of Canada Loan, 5h p.c, 1934. .
1,342,263 01
1,250,979 68
Excelsior Life
850,000 00
850,000 00
Dom. Govt.
5i p.c, 1934..
100,000 00
97,000 00
United Financial Corporation.
Prov. of Alberta bonds, 4 p.c, 1938..
5,353 33
3,934 30
Kerr, Flemming & Co.
Prov. of Manitoba bonds, 4 p.c, 1933
30,000 00
23,937 00
"
Prov. of Quebec bonds, 4 p.c, 1934. .
11,193 33
8,866 24
"
Prov. of Saskatchewan bonds, 5f p.c.
1924/34
9,733 33
9,068 55
Bell, Gouinlock & Co.
Imperial Japanese Govt, bonds, 4
p.c., 1921/31
48,700 00
34,090 00
Kerr, Flemmmg & Co.
Municipal Debs., 4 p.c
25,000 00
20,862 50
**
4ip.c
86,000 00
73,762 80
i<
" *' 5 D.C. . .
12,000 00
10,526 84
C(
„ ,, "y
Oj p.c
25,000 00
22,257 50
«
" " 5 J p.c
46,728 13
42,036 04
A. E. Ames & Co.
" " 6 p.c
25,000 00
24,292 50
Kerr, Flemming & Co,
6 p.c
41,966 10
40,919 84
A. E. Ames & Co.
6Jp.c
17,400 00
17,400 00
Rural Telephone Debs., 7i p.c
4,200 00
4,200 00
Canada Bond Corporation.
" " "2 p.c
15,000 00
15,000 00
W. L. McKinnon & Co.
Toronto, Grey & Bruce Ry. Debs.,
4p.c,2883
5,840 00
3,591 60
Kerr, Flemming & Co.
Dom. of Canada Loan, 5j p.c, 1934.
1,359,114 22
1,301,745 71
Great WeatTife
3,447,550 00
2,310,000 00
Dom. Govt, (balance of allot-
ment.)
Canadian Northern Ry., 4 p.c. 1934,
(g'teed by Dom. of Canada)
170,333 as
137,526 64
^Emilius Jarvis & Co.
Canadian Northern Ry., 4 p.c, 1934
(g'teed by Dom. of Canada) . .
267,606 66
213,982 46
J. A. Thompson & Co.
Canadian Northern Ry., 4 p.c. 1934
(g'teed by Dom. of Canada)
204,400 00
161,803 04
Wood. Gundy & Co.
Canadian Northern Ry., 4 p.c, 1930
(g'teed by Prov. of Manitoba)...
7,299 99
6,034 89
.Emilius Jarvis & Co.
Canadian Northern Ry., 4 p.c, 1930
(g'teed by Prov. of Manitoba)
3,406 66
2,846 26
Morrow & Jellett.
Canadian Northern Ry., 4 p.c, 1930
(g'teed by Prov. of Manitoba)
90,0.33 33
73,827 34
J. A. Thompson & Co.
Canadian Northern Ontario Rv., SJ
p.c, 1901 (g'teed by Dom. of Can.)
170,. 333 33
103,903 33
J. A. Thompson & Co.
Canadian Nortliem Ontario Rv., 3^
p.c, 19C1 (g'teed by Dom. of Can.)
48,666 66
29,492 00
Canadian Bond Corporation.
Canadian Northern Ontario Ry., 3i
p.c, 1961 (g'teed by Dom. of Can.)
73,000 00
44,281 80
.lEmilius Jarvis & Co.
ABSTRACT OF STATEMENTS
199
SESSIONAL PAPER No. 9
Statement showing the Movement of Securities of Canadian Life and Assessment Companies
for the six months ended June 30, 1920 — Continued.
BONDS AND DEBENTURES PURCHASED— Continued.
Company
Description of Security
Par value
Price paid
From or
through whom
purchased
Great WestlLife— Con..
Canadian Northern Pacific Ry., 4
p.c, 1950 (g'teed by Prov. of B.C.)
Canadian Northern Pacific Ry., 4
p.c, 1950 (g'teed by Prov. of B.C.)
Canadian Northern Pacific Ry., 4i
p.c, 1950 (g'teed by Prov. of B.C.)
Canadian Northern Western Ry.
Co., 4^ p.c, 1942
$ cts.
48,695 86
24,333 30
21,899 99
29,199 99
2,433 33
22,000 00
25,000 00
2,919 99
50,000 00
23,360 00
28,562 46
61,172 20
103,000 00
32,000 00
50,000 00
35,000 00
66,250 00
45,166 69
1,800 00
15,000 00
27,500 00
6,600 00
30,000 00
24,000 00
45,000 00
16,000 00
$ cts.
34,217 26
16,790 00
16,348 34
23,230 53
1,907 49
18,146 70
21_,672 50
2,203 80
41,470 00
17,870 40
22,510 46
46,302 63
30,000 00
31,290 50
50,000 00
28,000 00
59,098 29
37,702 32
1,630 00
14,867 55
27,340 00
6,489 00
30,684 00
24,976 80
46,831 50
16,516 00
Morrow & .lellett.
Royal Securities Corporation.
Wood, Gundy & Co.
Morrow & Jellett.
Canadian Northern Western Ry.
Co , 4iP c, 1943
.J A. Thompson & Co.
Kerr, Fiemming & Co.
" " 4ip.c
" " 4ip.c
J. A. Thompson & Co.
Carruthers, Martin & Torrance
" " 5 p.c
" " 51 p.c. (partial ad-
vance)
" " 6 p.c
" " 6 p.c
W. L. McKinnon & Co.
Hameson, McTavish & Free-
man.
W. Ross Alger & Co.
R. M. of Swan River.
School Districts Debs., 4 p.c
4ip.c
" " 5 p.c
5ip.c
" " 6 p.c
6ip.c
ejp.c
6ip.c
Rural Telephone Debs., 7 p.c
" " 7 p.c
7ip.c
Dom. of Canada Reg. Stock, 3§ p.c,
1930 50.. . .
J. A. Thompson & Co.
Harris, Read & Co.
J. A. Thompson & Co.
Canadian Mtge. Association.
W. Ross, Alger & Co.
fLocal Govt. Board.
\ llegina.
Harris, Read & Co.
Bond & Deb. Corporation.
W. L. McKinnon & Co.
Harris, Read & Co.
5,309,583 77
3,751,793 83
Imperial Life
73,000 00
22,873 33
500,000 00
925,000 00
50,000 00
24,333 33
30,173 33
87,600 00
50,000 00
36,500 00
23,500 00
68,297 70
10,270 65
25,000 00
8,205 00
200,000 00
49,300 68
21,292 77
496,376 70
940,309 66
49,049 32
21,781 93
24,722 23
49,323 12
41,639 30
30,408 69
18,873,47
65,922 13
10,192 IS
24,185 00
8,218 33
199,491 09
7,506 43
Dom. Securities Corporation.
Dom. of Canada Treasury Bonds,
4^ p.c, 1925
Dom. of Canada Loan, 5j p.c, 1934..
Dom. of Canada Loan, 5j p.c, 1934..
Prov. of New Brunswick, 6 p.c, 1930
Prov. of Quebec, 4 p.c, 1928
Dom. Govt.
A. E. Ames & Co.
Dom. Securities Corporation.
Govt, of Jamaica Inscribed Stock,
4 p.c, 1934
Canadian Northern Ry. Co. Deb.
stock, 3g p.c, 1961 (g'teed by Dom.
C. H. Burgess & Co.
Toronto Harbour Commissioners'
bonds, 4* p.c, 1953
Dom. Securities Corporation.
3fp.c
A. E. Ames & Co.
Dom. Securities Corporation.
Sip.c
C. H. Burgess & Co.
W. A. Mackenzie & Co.
" " 6 p.c
W. L. McKinnon & Co.
" " 6 p.c
Dom. Securities Corporation.
Accumulation of book values to-
Dom. of Canada Loan, 5h p.c, 1934.
Prov. of New Brunswck, 5-i p.c. ,1929
Prov. of Alberta bonds, 5^ p.c, 1929.
Newfoundland Govt., 4 p.c, 1930....
Canadian Northern Ry. Co. Deb.
Stock, 4 p.c, 1934 (g'teed by
2,134,753 34
2,058,593 03
900,000 00
100,000 00
50,000 00
35,000 00
146,000 00
48,366 67
3,406 67
100,000 00
97,378 20
48,595 00
28,415 45
114,999 09
39,512 46
2,655 49
Dom. Govt, (partial payment)
R. A. Daly & Co.
Wood, Gundy & Co.
A. E. Ames & Co.
Dom. Securities Corporation
Canadian Northern Ry. Co. (Ont.
Division), 4 p.c, 1930 (g'teed by
Prov. of Man.)
and Wood, Gundy & Co.
Wood, Gundy & Co.
Canadian Northern Ry. Co. 1st M'ge
Deb. Stock, 4 p.c, 1930 (g'teed by
Prov. of Man.)
Dom. Securities Corporation.
200
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
Statement showinp the Movrnirnt of Securities of Canadian Lifo and Assessment Companirs
for the six months ended June 30, 1920 — Continued.
BONDS AND DEBENTURES PURCHASED— Continued.
Company
Description of Security
Par value
Price paid
From or
through whom
purchased
tiOndoii Life — Con.
Manufacturers Life.
Monarch Life.
Canadian Northern Ontario Ry. Co.
let Mtge., 3^ p.c, 1961 (g'teed by
Dom. of Can.)
Canadian Northern Pacific Ry. Co.
1st Mtge. Deb. .Stock, 4 p.c, 1950
(g'teed by Prov. of B.C.)
Canadian Northern Western Ry. Co.
Ist Mtge. Deb. Stock, ih p.c. 1942
(g'teed by Prov. of Alberta)
Canadian Northern Western Ry. Co,
Ist Mtge, Deb. Stock — Brazeau
Line, 4^ p.c, 1943 (g'teed by Prov
of Alberta)
Pacific Great Eastern Ry. Co. 1st
Mtge. Deb. Stock, 4i p.c, 1942
(g'teed by Prov. of B.C.)
Canadian Northern Pacific Ry. Co.
1st Mtge. Terminal Deb. Stock,
4J p.c (g'teed by Prov. of B.C.). .
Municipal Debs., 4 p.c
" " 4ip.c
" " 41 p.c
" " 4? p.c
" " 4^ P-C
" " 4 J p.c
" " 5 p.c
" " 5 p.c
" " 5 p.c
" " 5 p.c
" " 5j p.c
" " h\ p.c
" " 5j p.c
6 p.c
" " 6 p.c
" " 6 p.c
School Districts Debs., 4 p.c
Accumulation of book values to-
wards par
Dominion of Canada, b\ p.c. Loan,
1934
Dominion of Canada 5j p.c. Loan,
1934
British Govt. War Ixian, 5 p.c, 1929/
1947
Imperial Japanese Govt., 4 p.c, 1921/
1931
Rural Telephone Co. Debs., 7 p.c
Accumulation of book values to-
wards par
Dominion of Canada 5j p.c. Loan
bonds, 1934
Dominion of Canada 5^ p.c bonds. .
Canadian Northern Rv. Co., 4 p.c
Deb. Stock, 1934 (g'teed by Dom.
of Canada)
Canadian Northern Pacific Ry. 1st
Mtge. Deb. Stock, 4 p.c, 1950
(g'teed by Prov. of B.C.)....
Canadian Northern Western Rv. 1st
Mtge. Deb. Stock, i\ p.c, 1942
(g'teed by Prov. of Alberta)...
Canadian Northern Pacific Ry. 1st
Mtge, Terminal Deb. stock, 4|p.c
1950 (g'teed by Prov. of B.C.) . . .
Pacific Great Eastern Rv. 1st Mtge
Deb. Stock, 4^ p.c, 1942 (g'teed
by Prov. of B.C.)
Municipal Debs., i\ p.c
" " 4^ p.c
4} p.c
" " 5 p.c
$ cts.
176,173 33
146,000 00
53,397 07
778 67
229,220 00
34,066 67
25,000 00
34,066 67
11,000 00
21,413 33
15,573 33
11,000 00
47,693 33
40,440 00
20,000 00
243,204 24
90,000 00
33,000 00
108,085 46
57,293 25
10,474 34
13,451 19
25,000 00
% cts.
109,145 72
95,999 75
38,461 90
555 73
169,757 82
2,729,104 22
550,000 00
50,000 00
330,933 33
19,480 00
16,800 00
967,213 33
100,000 00
1,300 00
45,897 52
23,603 32
8,054 33
24,333 33
14,600 00
9,919 98
29,200 00
1,460 00
973 33
24,755
17,749
24,299
9,118
15,990
10,840
9,803
37,435
33,449
16,154
219,257
84,900
30,378
101,066
55,038
9,483
12,932
19,730
A. E. Ames & Co.
A. E. Ames & Co. and Dom.
Securities Corporation.
Dom. Securities Corporation.
A. E. Ames & Co.
Canada Bond Corporation.
C. H. Burgess and A. E. Ames
&Co.
W. L. McKinnon & Co.
Dom. Securities Corporation.
A. E. Ames & Co.
Wood, Gundy & Co.
A. E. Ames & Co.
Canada Bond Corporation.
Kerr, Fleming & Co.
Wood, Gundy & Co.
W. A. Mackenzie & Co.
W. L. McKinnon & Co.
Wood, Gundy & Co.
A. E. Ames & Co.
Brent, Noxon & Co.
C. H. Burgess & Co.
Canada Bond Corporation.
557 43
1,578,417 03
550,000 00
50,000 00
282,745 66
15,048 28
17,613 19
7,497 04
922,904 17
70,000 00
1,270 25
35,306 25
15,033 11
5,940 01
17,293 70
10,894 52
7,854 72
23,202 32
1,153 40
788 68
Dom. Govt.
Kerr, Flemming & Co.
Balance of subscription.
Policvholders.
Allan, Killam & McKay.
T. R. Billett & Co.
Wood, Gundy & Co.
A. Jarvis & Co.
Wood, Gundy & Co.
Allan, Killam & McKay.
A. Jarvis & Co.
A BSTRA C T OF ST A TEMEN TS
201
SESSIONAL PAPER No. 9
Statement showing the Movement of Securities of Canadian T>ife and Assessment Companies
for the six months ending June 30, 1920. — Continued.
BONDS AND DEBENTURES PURCHASED— Continued.
From or
Company
Description of Security
Par value
Price paid
through whom
purchased
$ cts.
S cts.
Monarch Life — Con. . . .
Municipal Debs., 6 p.c
6,000 00
5,653 56
W. L. McKinnon & Co.
" " 7 D.C
4,500 00
2,000 00
4,476 19
1,968 50
Harris, Read & Co.
., ,. 1 ^
" " 7 p.c
W. L. McKinnon & Co.
" " 8 p.c
2,000 00
2,020 72
Harris, Read & Co.
School Districts Debs., 4^ p.c
10,500 00
7,899 31
Wood, Gundy & Co.
6Jp.c
4,500 00
4,249 98
T. K. McCallum & Co.
" " 7 p.c
4,000 00
3,821 44
" "
8 p.c
16,500 00
17,132 45
Nay & James.
Rural Telephone Co. Debs., 7 p.c. . . .
34,834 79
35,560 04
VV. L. McKinnon & Co.
71 p.c...
20,218 42
21,051 62
" "
7^ p.c...
10,000 00
10,237 11
Harris, Read & Co.
" " 8 p.c...
17,217 07
18,424 48
W. L. McKinnon & Co.
" 8 p.c...
1,846 79
1,925 46
Harris, Read & Co.
Instalment returned unpaid
435 12
Dominion of Canada 5| p.c. Loan
bonds, 1934
393,458 88
323,592 94
Mutual Life
2,000,000 00
1,986,260 30
A. E. Ames & Co., Wood,
Gundy & Co. and Brent,
Noxon & Co.
Prov. of Alberta, 4| p.c. Reg. stock,
1943
53,533 33
36,669 82
W. L. McKinnon & Co.
Prov. of Manitoba, 4 p.c. Reg. stock.
1950
4,866 66
3,574 53
Wood, Gundy & Co.
Prov. of Manitoba, 4 p.c. Reg. stock,
1950
3,406 66
2,502 25
C. H. Burgess & Co.
Prov. of Manitoba 4 p.c. Reg. stock.
1950
9,733 33
7,207 63
A. E. Ames & Co.
Prov. of New Brunswick, 4 p.c. stock,
1949
53,533 33
35,740 99
W. L. McKinnon & Co.
Prov. of Ontario 4 p.c. stock, 1947. . .
4,866 66
3,155 95
" "
Prov. of Quebec 4 p.c. bonds, 1934
4,866 66
3,736 78
A. E. Ames & Co.
Prov. of Quebec 3 p.c. Ins. Stock,1937
11,680 00
6,657 03
W. L. McKinnon & Co.
Prov. of Saskatchewan, 5f p.c. bonds
1924/34
9,733 33
9,550 59
Morrow & Jellett
Prov. of Saskatchewan 4i p.c. Reg.
Stock, 1954
2,433 33
1,919 10
« "
Prov. of Saskatchewan, 4i p.c. Reg .
Stock, 1954
53,533 33
42,273 99
Dom. Securities Corporation.
Prov. of Saskatchewan 41 p.c. Reg.
Stock, 1954
6,326 67
5,006 32
Canada Bond Corporation.
Prov. of Saskatchewan, 4 p.c. Reg.
Stock, 1951
4,866 66
3,502 72
" "
Canadian Northern Ry. 1st Mtge.
Deb. stock, 3i p.c, 1958 (g'teed
by Dom. of Canada)
58,400 00
36,640 20
Dom. Securities Corporation.
Canadian Northern Ry. 1st Mtge.
Deo. Stock, 3J p.c, 1958 (g'teed
by Dom. of Canada)
13,626 49
7,840 58
A. E. Ames & Co.
Canadian Northern Ry. 1st Mtge.
Cons. Deb., 4 p.c, 1930 (g'teed by
Man.)
4,866 66
4,048 42
Morgan, Dean Harris.
Canadian Northern Rv. 1st Mtge.
Cons. Deb., 4 p.c, 1930 (g'teed by
Man.)
77,866 65
64,251 61
Wood, Gundy & Co.
Canadian Northern Ry. Deb. Stock,
4 p.c, 1934 or earlier (g'teed by
Dom. of Canada)
170,332 32
131,831 66
A. E. Ames & Co.
Canadian Northern Ry. Deb. Stock,
4 p.c, 1934 or earlier (g'teed by
Dom. of Canada)
224,353 32
180,067 31
Wood, Gundy & Co.
Canadian Northern Alberta Ry. 1st
Mtge. Reg. Deb. stock, 3i p.c,
1960 (g'teed by Dom. of Canada).
43,800 00
27,365 80
Dom. Securities Corporation.
Canadian Northern Alberta Ry. 1st
Mtge. Reg. Stock, 3} p.c, 1960
(g'teed by Dom. of Canada)
46,232 70
28,740 34
A. E. Ames & Co.
Canadian Northern Ontario Ry. 1st
Mtge. Deb. Stock, 3i p.c, 1961
(g'teed by Dom. of Canada)
24,333 33
14,652 91
Wood, Gundy & Co.
Canadian Northern Ontario Ry. 1st
Mtge. Deb. Stock, 3^ p.c, 1961
(g'teed by Dom. of Canada)
24,333 33
14,975 02
Canada Bond Corporation.
Canadian Northern Ontario Ry. 1st
Mtge. Deb. Stock, 3^ p.c, 1961
(g'teed by Dom. of Canada)
24,333 33
15,246 76
Morgan, Dean Harris.
202
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
Statement shwoing the IMovcment of Securities of Canadian Life and Assessment Companiea
for the six months ended June 30, 1920. — Continued.
BONDS AND DEBENTURES PURCHASED— Conttnaerf.
Company
Mutual Life — Con.
National Life.
Description of Security
Par Value I Price Paid
From or
through whoui
purchased
Canadian Northern Ontario Ry. 1st
Mtge. Deb. Stock, 3i p.c, 1961
(g'teed by Doin. of Canada)
Canadian Northern Ontario Ry. 1st
Mtge. Deb .Stock, 3i p.c, 1961
(g'teed by Doin. of Can.)
Canadian Northern Pacific Ry. Ist
Mtee. Deb. Stock, 4 p.c, 1950
(g'teed by Prov. of B.C.)
Canadian Northern Western Ry. 1st
Mtge. Deb. Stock, ii p.c, 1942
(g'teed by Prov. of Alberta)
Canadian Northern Western Ry. 1st
Mtge. Deb. Stock — Brazeau Line,
4i p.c, 1943 (g'teed by Prov. of
Alberta)
Grand "Trunk Pacific Ry. 1st Mtge..;
3 p.c, 1962 (g'teed by Dom. of
Canada)
Grand Trunk Pacific Ry. 1st Mtge.,
3 p.c, 1962 (g'teed by Dom. of
Canada)
Toronto Harbour Commissioners,
4i p.c, 1953
Municipal Debs., 3f p.c
" " 4 p.c
" " 4 p.c
" " 4 p.c.
" " " 4 p.c
" " 4 p.c
" " 4 p.c
" " 4 p.c
" " 4 p.c
" " 4 p.c
" " 4 p.c
" " 4| p.c
" " 44 p.c
" " 4i p.c
" " 4J p.c.r
" " 45 p.c
" " 4i p.c
" " 5 p.c
" " 5 p.c
" " 5 p.c
" " 5 p.c .•
" " 5 p.c '
" " 5 J p.c
6 p.c ,
6 p.c
School Districts Debs., 4j p.c
" " 5 p.c
Rural Telephone Cos. Debs., 6i p.c.
" efp.c.
" " 7 p.c...
" " 7 p.c...
" " 7 p.c...
" " 7 p.c...
" " 7Jp.c..
" 8 p.c...
8 p.c...
.Accumulation of book values to-
wards par
S cts.i
103,659 31
42,826 66
38,933 30
9,733 33
7,300 00'
48,600 OOl
250,000 00
46,000 00
31,386 51
19,466 66
14,113 33
35,000 00
75,919 98
14,600 00
973 33
24,333 331
5,000 00
2,920 001
2, COO 001
5,840 00|
131,116 961
25,306 66
75, 164 26
169,289 36
1.703 33
69,066 66
4,866 66
10,000 00
10,000 00
300,000 00
45,025 55
17,000 00
58,750 00
10, 000 00
10,282 49
2,600 00
198,351 63
22,300 00
23,400 00
17,000 0(1
15,000 00
34,163 79
8,800 00
Dominion of Canada Victory Loan
bonds, 5 p.c, 1925
Prov. of Alberta 5§ p.c. 1929
Prov. of New Brunswick bonds, 5j
p.c, 1929
Prov. of Quebec bonds, 4 p.c, 1928.
Prov. of Quebec bonds, 4 p.c, 1934..
Prov. of Quebec bonds, 5 p.c, 1936 .
Prov. of Saskatchewan 4J p.c. bonds,
1954
Prov. of Saskatchewan,bonds 4i p.c,
1954
5,163,305 17
300 00
,000 00
,000 00
,600 00
,380 00
,000 00
4,866 66
4,866 66
64,462 SSlBrent, Noxon & Co.
26,974 39iDom. Securities CJorporation.
29,412 19
7,839 23
5,810 64
189,054 00 109,159 26
28,092 47
205
37
23
14
10
26
56
10
17
3
2
1
4
100
20
61
137
1
61
4
283
43
17
56
8
10
2
207
23
24
18
15
35,
9,
,452
,546
,239
,350
803
,913
,716
678
716
375
930
,049
,676
528
.406
,109
,911
,446
,377
,361
,118
,688
,762
,127
,727
,937
,655
,931
,731
,627
,112
227
553
068
000
996
066
A. E. Ames & Co.
Wood, Gundy & Co.
C. H. Burgess & Co.
Wood, Gundy & Co.
C. H. Burgess & Co.
Hanson Bros.
Dom. Securities Corporation.
W. F. Mahon & Co.
Wood, Gundy & Co.
Bankers' Bond Co.
^-. United Financial Corporation.
00 A. E. Ames & Co.
36 Brent, Noxon & Co.
20 Graham, Samson & Co.
64 Dom. Securities Corporation.
00 C. H. Burgess & Co.
66 A. E.Ames & Co.
80 Hanson Bros.
41 Dom. Securities Corporatioo.
50 Wood, Gundv & Co.
60 C. H. Burgess & Co.
00 A. E.Ames & Co.
10 Dom. Securities Corporation .
W. F. Mahon & Co.
Wood, Gundy & Co^
Harris, Forbes & Co.
C. H. Burgess & Co.
W. A. Dyment & Co.
Kerr, Flemming & Co .
Wood, Gundy, & Co.
W. L. McKinnon & Co.
Kerr, Fleming & Co.
Wood, Gundy & Co.
Graham, Samson & Co.
W. L. McKinnon & Co.
Kerr, Flemming & Co .
2,562 75
4,524,652 32
300 00
8,747 11
9,812 00
12,765 90
3,558 31
920 80
3,755 60
W. .S. CojTie.
R. C. Matthews & Co.
W. A. Mackenzie & Co.
A. E. Ames & Co
Dom. Sesurities Corporation.
I Canada Bond Corporation.
3,813 03'Dom. Securities Corporation.
ABSTRACT OF STATEMENTS
203
SESSIONAL PAPER No. 9
Statement showing the Movement of Securities of Canadian Life and Assessment Companies
for the six months ended June 30, 1920— Continued.
BONDS AND DEBENTURES PURCHASED— Conitnued.
Company
Description of Security
Par Value
Price paid
From or
through whom
purchased
National Life — Con.
Bermuda Govt. 5 p.c. Reg. stock
1950 3,360 00
Canadian Northern Ry. 1st Mtge.
Deb. Stock, 3i p.c, 1958 (g'ueed
by Dom. of Canada) 2,4.33 33
Canadian Northern Ry. Deb. stock,
4 p.c, 1934 (g'teed by Dom. of
Canada) 4,866 66
Canadian Northern Rv. Deb. stock,
4 p.c, 1934 (g'teed by Dom. of
Canada) 5, 839 99
Canada Northern Alberta Ry. 1st
Mtge. Deb. Stock, 3i p.c, 1960
(g'teed by Dom. of Canada) '. 1 , 946 66
Canadian Northern Ontario Ry. Ist
Mtge. Deb. stock, 3^ p.c, 1961' I
(g'teed by Dom. of Canada) i 14 , 600 001
Grand Trunk Pacific Kv. 1st Mtge., i
3 p.c, 1962 (g'teed by Dom. of
Canada) 9, 720 001
Grand Trunk Pacific Rv. 1st Mtge.,
3 p.c, 1962 (g'teed by Dom. of i
Canada) 17,010 00]
Sao Paulo Tramwav, Light & ±*ower -
Co., Ltd. 1st Mtge., 5 p.c, 1929. . 10,000 00
Toronto Harbour Commissioners, 1st
Mtge., 4^ p.c. 1953 (g'teed by City,
of Toronto) 8,000 00
Hydro Electric Power Commission
of Ontario bonds, 4 p.c, 1957 (g'teed
by Prov. of Ontario) ! 5,000 00
Municipal Debs., 3 p.c 1 11,363 66|
3ip.c I 7,000 00
4 p.c 3,075 73
4p.c 4,380 00
4 p.c. 10,000 00
4p.c 49,866 66
4p.c 4,866 66
" " 4 p.c 5,000 001
4ip.c 6,678 29
" 4-J-p.c 7,000 OOl
" 4ip.c 6,000 OOi
4^ p.c 3,824 10
4Jp.c 18,866 661
" " 4ip.c 16, .546 57|
4ip.c 47,033 33
4|p.c 3,893 33
5 p.c 4,866 67
" " 4fp.c 5,000 00
5d.c 5,234 18
5 p.c 3,406 66
5 p.c 5,66148
5 p.c 32,243 22
5 p.c 4,140 54
5 p.c 6,928 43
" " 5|p.c 10,000 00
" " 5ip.c 8,393 29
" " 5|p.c 8,500 00
" " 5ip.c 6,179 94
5ip.c 18,288 06
5ip.c 9,075 31
51 p.c 15,000 00
" " 5§p.c 5,000 00
Op.c 3,816 75
6p.c 4,000 00
" Op.c 1,013 55
City of Montreal Protestant School
Comm.,44 p.c. bonds, 1944 5,000 00
School Districts Debs. ,41 p.c 4,266 64
" " 6 p.c. 3,000 00
506, 199 67
3,360 00 H. G. Butterfield, Bermuda.
1,.562 68 Morrow & Jellett.
Wood, Gundy & Co.
Canada Bond Corporation.
C. H. Burgess* Co.
J. F. Stewart & Co.
Dyment, Anderson & Co.
Edw. Cronyn & Co.
C. H. Burgess & Co.
3,932 71
4,646 88
1,226 40
8,032 90
5,610 38
9,627 66
7,800 00
6,513 92
561
338 00
756 14
669 .56
956 69
590 58
791 87
240 05
604 00
139 43
172 47
830 34
995 45
491 84
000 00
715 00
928 47
906 92
085 78
4,052 50
3,535 06
2,. 576 70
417,6.39 55
R. C. Matthews & Co.
LTnited Financial Corporation
Dom. .Securities Corporation.
United Financial CorporatioB
C.H. Burgess & Co.
Wood, Gundy & Co.
Canada Bond Corporation.
A. E. Ames & Co.
Bell, Gouinlock & Co.
Dom. Securities Corporation.
United Financial Corporation.
W^ood, Gundv & Co.
C. H. Burgess & Co.
Dom. Securities Corporation.
A. E. Ames & Co.
Canada Bond Corporation.
Dom. Securities Corporation.
United Financial Corporation.
Morrow & Jellett.
C.H. Burgess & Co.
Wood, Gundy & Co.
Canada Bond Corporation.
Dom. Securities Corporation.
United Financial Corporation.
Brent, Noxon & Co.
C. H. Burgess & Co. '
Wood, Gundy & Co.
W. A. Mackenzie & Co.
A. E. Ames & Co.
W. L. McKinnon & Co.
Bell, Gouinlock & Co.
Brent, Noxon & Co.
C. H. Burgess & Co.
Dom. Securities Corporation.
United Financial Corporation
C. H. Burgess & Co.
Bell, Gouinlock & Co.
204
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
Statement showing the Movcmint of Socuritits of Canadian Life and Assessment Companies
for the six months ended June 30, 1920. — Conlinued.
BONDS AND DEBENTURES PURCHASED— Conftnuerf.
Company
Description of Security
Par Value
Price paid
From or
through whom
purchased
North American Life
Northern Life.
Dominion of Canada Loan, 5} p.c,
1934
Dominion of Canada Loan, 55 p.c,
1934
Grand Trunk Pacific, 4 p.c, 1939
(g'teed by Prov. of Alberta)
Toronto Harbour Commissioners, 4J
p.c, 1953 (g'teed by City of To-
ronto)
West Coast Towing & Salvage Co.,
6 p.c, 1920/24
Toronto Housing Comm., 5 p.c, 1953
(g'teed by City of Toronto)
Hydro Electric Power Comm., 4 p.c.
1957 (g'teed by Prov. of Ontario).,
Municipal Debs., 5 p.c
" " 55 p.c
Toronto Separate School Debs., 51
p.c, 1940
Dominion of Canada Victory Loan
Bonds, 5| p.c, 1922
Dominion of Canada Victory Loan
bonds, 5j p.c, 1923
Dominion of Canada Victory Loan
bonds, 5^ p.c, 1927
Dominion of Canada Victory Loan
bonds, 5i p.c, 1933
Dominion of Canada Loan bonds, 55
p.c, 1924
Dominion of Canada Loan bonds, 55
p.c, 1934
Dominion of Canada Loan bonds, 55
p.c, 1934
Canadian Northern Pacific Ry. 1st
Mtge. Deb. Stock, 4 p.c, 1950
(g'teed by Prov. of B.C.)
Canadian Northern Pacific Ry. 1st
Mtge, Terminal Deb. Stock, 45
p.c, 1950 (g'teed by Prov. of B.C.)
Canadian Northern Western Ry. Ist
Mtge. Deb. Stock, 45 p.c, 1942
(g'teed by Prov. of Alberta)
Canadian Northern Western Ry. 1st
Mtge. Deb. Stock, 45 p.c, 1942
(g'teed by Prov. of Alberta)
Grand Trunk Pacific Ry. 1st Mtge.,
4 p.c, 1942 (g'teed by Prov. of
Alberta)
Grand Trunk Pacific Ry. 1st Mtge.,
4 p.c 1942 (g'teed by Prov. of
Alberta)
Municipal Debs. , 3 p.c
" Sp.c
" " 4 p.c
" " 45 p.c
45 p.c
" " 45 p.c
45 p.c
" " 5 p.c
" " Sp.c
" " 5 p.c
" " 5 p.c
" " 5 p.c
" " 5 p.c
Accumulation of book values to-
wards par
} cts.
525,000 00
250,000 00
11,664 00
60,000 00
100,000 00
10,000 00
90,000 00
3,406 66
25,000 00
25,000 00
$ cts.
525,000 00
242,500 00
8,969 61
49,620 00
95,674 80
8,890 00
61,785 00
2,718 26
22,957 50
24,120 00
On a/c subscription
Turner, Spragge & Co.
Macneill, Graham & Co.
Wood, Gundy & Co.
J. F. M. Stewart & Co.
Macneill, Graham & Co.
R. C. Matthews & Co.
Housser, Wood & Co.
Canada Bond Corporation.
Housser, Wood & Co.
1,100,070 66
1,042,235 17
550 00
700 00
550 00
1,100 00
50 00
1,900 00
1,000,000 00
14,600 00
9,733 33
14,600 00
14,600 00
2,433 33
17,033 33
49,153 33
14,600 00
7,389 33
59,373 34
20,440 00
36,500 00
9,733 33
8,300 00
16,060 00
9,733 33
7,300 00
35,526 66
38,933 33
547 50
696 35
541 25
1,088 75
50 00
1,831 50
20,000 00
9,463 72
6,932 08
10,862 39
10,862 40
Policyholders.
Wood, Gundy & Co. (partial
payment).
Dom. Securities Corporation.
A. E. Ames & Ce.
Dom. Securities Corporation.
1,840 72 Wood, Gundy, & Co.
880 60
559 73
427 74
367 15
820 07
520 33
490 74
397 33
845 11
612 93
757 46
238 48
076 47
987 11
1,102 40
294,800 31
Morrow & Jellett.
United Financial Corporation.
A. E. Ames & Co.
Canada Bond Corf>oration.
C. H. Burgess & Co.
Macneill, Graham & Co.
Canada Bond Corporation.
Bell, Gouinlock & Co.
Dom. Securities Corporation.
C. H. Burgess & Co.
Morrow & Jellett.
Macneill, Graham & Co.
Canada Bond Corporation.
A. E. Ames & Co.
ABSTRACT OF STATEMENTS
205
SESSIONAL PAPER No. 9
Statement showing the Movtment of Securities of Canadian Life and Assessment Companiea
for the six months ended June 30, 1920 — Continued.
BONDS AND DEBENTURES FXJB.CB.kSED— Continued.
Company
Description of Security
Par Value
Price Paid
From or
through whom
purchased
Saskatchewan I.ife
Dominion of Canada 5^ p.c. War
Loan bonds, 1922
Dominion of Canada 5J p.c. War
Loan bonds, 1923
Dominion of Canada 5j p.c. War
Loan bonds, 1933
S cts.
100 00
50 00
100 00
3,893 32
1,200 00
500 00
7,000 00
7,750 00
3,500 00
$ _Ct3.
99 50
50 00
100 00
2,977 31
1,200 00
510 45
6,540 75
6,675 68
3,567 41
167 45
Policyholders.
Nay & James.
7|p.c
" " 8 p.c
Harris Read & Co
School Districts Debs., 4j p.c
4J p.c
" " 8 p.c
Accumulation of book values to-
Nay & James.
T. K. McCallum & Co.
24,093 32
21,888 55
17,500 00
39,420 00
105,490 84
7,154 00
12,300 00
8,100 00
7,154 00
On acct. subscription.
H. B. Robinson.
Banque Provinciale.
H. B. Robinson.
Atlas Bond Security.
C. C. Smith & Co.
Municipal Debs., 4? p.c
Montreal Water and Power, 4J p.c.
bonds, 1932
Montreal Water and Power, 4j p.c.
bonds, 1932
Montreal Tramway, 5 p.c, 1941
5 p.c, 1941
Dom.inion Iron & Steel, 5 p.c, 1939. .
Dominion of Canada, 5i p.c. Loan,
1934
Dominion of Canada 5j p.c. Loan,
1934
Dominion of Canada 5j p.c Loan,
1934. _.
Dominion of Canada 5J p.c. Loan,
1934
48,666 66
132, •860 00
9,733 33
15,000 00
10,000 00
9,733 31
197,118 84
Security Life
200 00
50 00
1,000 00
195 40
50 00
1,000 00
17,794 44
5,624 96
9,549 96
4,656 00
2,844 00
1,970 81
1,646 23
1,736 33
J. 0. McCarthy.
K. C. 0. Johnson.
E. Wilson.
Balance of subscription .
W. A. McKenzie & Co.
Macneill, Graham & Co.
Housser, Wood & Co.
Grand Trunk Pacific Ry. Co., 3 p.c,
1962
Municipal Debs., 4| p.c
" " 5 p.c
9,720 00
12,166 67
5,000 00
3,000 00
1,970 81
2,000 00
2,000 00
6 p.c
City of Montreal Protestant School
Comms., 45 p.c, 1944
City of Quebec Catholic School
Comms., 5 p.c, 1954 (g'teed by
City of Quebec)
United Financial Corporation.
Dominion of Canada 5i p.c. War
bonds, 1922
Dominion of Canada 5^ p.c. War
Loan bonds, 1933
37,107 48
47,068 13
Sovereign Life
50 00
50 00
4,000 00
10,000 00
29,686 67
4,866 67
2,920 00
10,000 00
8,639 74
29,008 65
12,778 58
50 00
50 00
4,000 00
7,600 00
21,374 40
3,564 83
2,102 40
7,333 20
8,951 89
29,837 86
13,673 58
571 67
Policyholder.
Dominion of Canada 5j p.c Loan,
1934
R G Macdonald
Alberta and Great Waterways Ry.
Co. Deb. bonds, 5 p.c, 1959 (g'teed
by Prov. of Alberta)
Pacific Great Eastern Ry. Ist Mtge.
Deb. stock, ii p.c .,1942 (g'teed by
Prov. of B.C.)
Allan, Killam & McKa:
<i «
School District Debs., 4i p.c
Rural Telephone Co. Debs., 7J p.c—
7ip.c..
8p.c...
Accumulation of book values to-
wards par
Strang & Snowden .
V\ . L. McKinnon & Co
Dominion of Canada Loan, 5j p.c,
1934
Dominion of Canada (C.P.R. Land
Grant), 3i p.c, 1938
Prov. of Ontario, 3^ pc, 1946
112,000 31
99. 109 83
6,300,000 00
9,240 00
10,780 00
2,318,779 11
6,924 59
7,863 31
Oil acct. subscription ,
Buckmaster & Moore.
" "
206
DEPARTM-ENT OF INSURANCE
11 GEORGE V, A. 1921
Statement showing the Movcmfnt of Securities of Canadian Life and Assessment Companies
for thi t<ix mcmths ending June 30, 1920.
BONDS AND DEBENTURES PURCHASED.— Conitnued
From or
Company
Description of Security
Par Value
Price Paid
through whom
purchased
% eta.
$ cts.
Sun Life— Cdn
Prov. of Quebec, 3 p.c, 1937
6,600 00
4,660 43
Buckmaster & Moore.
" 4i p.c, 1954
4,400 00
3,648 21
" "
Govt, of Newfoundland, 3^ p.c, 1941
28,160 00
19,802 80
" "
Govt, of India, 5 p.c, 1945/55
49,000 00
45,629 29
Mant and Critchley.
Imperial Japanese Govt., 4 p.c.
1921/3:
97,333 34
68,203 81
Buckmaster & Moore.
Municipal Deba., 4 p.c. (g'teed by
Man.)
115,000 00
97,424 00
Dom. Securities Corporation.
Municipal Debs., 5 p.c. (g'teed by
Man.)
25,000 00
21,097 50
" "
Municipal Debs., 3 p.c
73,000 00
35,770 00
« u
3|p.c
44,000 00
36,116 10
W. J. O'Hara & Co.
" " 4 p.c
23,000 00
17,940 00
Dom . Securities Corporation .
" " 4 p.c
8,857 33
5,703 04
W. J. O'Hara & Co. and
Buckmaster& Moore. *^ '
" " 4 p.c
111,302 12
55,986 13
73,662 45
36,674 19
W. J. O'Hara &-Co.
" " 41 p.c
W. J. O'Hara & Co., and Buck-
master & Moore.
" " 41 p.c
8,800 00
6,681 18
W. J. O'Hara & Co. "^
" " 4| p.c •
219,179 96
181,465 61
Dom. Securities Corporation.
'* " 5 p.c
73,000 00
64,307 20
" " 5 p.c
8,000 00
6,930 40
Wood, Gundy & Co.
" " 5 p.c
25,000 00
22,037 50
A. E. Ames & Co.
Abitibi Power & Paper Co., 6 p.c.
1940
300,000 00
274,430 00
Royal Securities Corporation.
Asbestos Corporation of Can., 5 p.c.
1942
1,000 00
777 50
H. B. Robinson & Co.
Bloomington & Normal Ry. & Light
Co., 5 p.c, 1928
27.000 00
23,220 00
Received in exchange from Illi-
nois Traction Co. for Pre-
ferred stocks.
Canadian Northern Ry. Co., Ont.
Division, 4 p.c, 1930 (g'teed by
Prov. of Manitoba)
17,033 33
12,469 36
W. J. O'Hara & Co.
Canadian Northern Rv. Co., 4 p.c.
1939 (g'teed by Prov. of Saskat-
chewan)
37,950 00
27,378 01
" "
Canadian Northern Ry. Co., 4 p.c.
1939 (g'teed by Prov. of Alberta)..
27,940 00
20,498 19
" "
Canadian Northern Ontario Ry., 3^-
p.c, 1961 (g'teed by Dom. of Can.)
541,952 40
'378,655 70
" "
Canadian Northern Ontario Rv., 3^
p.c, 1938 (g'teed by Prov. of Ont.)
29,920 00
19,893 98
" "
Canadian Northern Pacific Rv. Co.,
4 p.c, 1950 (g'teed by Prov." of Br.
Columbia)
86,383 32
55,025 83
W. J. 0;Hara & Co. and Dom.
Securities Corporation.
Canadian Northern Pacific Rv. Co.,
4ip.c.l950 (g'teed by Prov. of B.C.)
41,853 33
27,763 83
Dom. Securities Corporation,
W. J. O'Hara & Co.. and
Buckmaster & Moore.
Canada Steamship Lines, 5 p.c, 1943
100,963 33
70,258 96
W. J. O'Hara & Co. and
Buckmaster & Moore.
Canadian Consolidated Rubber Co.,
6 p.c 1946
23,000 00
21,652 50
O'Brien & Williams.
Canadian Cottons, Ltd., 5 p.c, 1940.
40,933 33
33,974 66
United Financial Corporation.
Dominion Iron & Steel Co., 5 p.c.
1939
61,319 98
46,471 08
H. B. Robinson & Co.,
F. H. Manley & Co.,
Truax, Hisgins & Co.,
National Bond Co.
Drummond Apartments, 6i p.c, 1929
100,000 00
98,230 00
Royal Securities Corporation.
Grand Trunk Pacific Ry., 3 p.c, 1962
(g'teed by Dom. of Canada)
242,028 00
139,034 30
Wood, Gundy & Co.,
National City Co.,
W. J. O'Hara & Co.
International Milling Co., 6 p.c, 1930
2,000 00
1,924 80
A. E. Ames & Co.
Kaministiquia Power Co. 5 p.c. 1937.
12,000 00
9,000 00
C. C. Smith & Co.
Levis Co. Ry. Receiver's Certi-
fic'ts. 7 p.c, 1921
80,900 00
80,900 00
National Trust Co.
Manitoba & South West Colonization
Ry. Co., 5 p.c, 1934 (g'teed by
C.P.R. Rv. Co.)
10,000 00
8,900 00
iVood, Gundy & Co.
Montreal Abattoirs, Ltd., 6 p.c, 1939
237,500 00
173,023 76
Company.
7 p.c,1939
135,000 00
121,500 00
"
Montreal Tramways Co., 5 p.c, 1941
25,000 00
21,000 00
Atlas Bond & Security Corpn.
Montreal Water & Power Co., 4J p.c.
1932
6,326 66
3,882 66
I. S. Crook & Co.
ABSTRACT OF STATEMENTS
207
SESSIONAL PAPER No. 9 .
Statement showing the Movement of Securities of Canadian Life and Assessment Companies
for the six months ending June 30, 1920.
BONDS AND DEBENTURES PU RCH. ASBU— Continued.
Company
Description of Security
Par Value
Price Paid
From or
through whom
purchased
Sun Life — Con.
Travellers Life.
Western Life.
Nova Scotia Steel & Coal Co., 5 p.c,
1959
Pacific Great Eastern Ry. Co., 4J
p.c, 1942 (g'teed by Prov. of Br.
Columbia)
Price Bros., Ltd., 5 p.c, 1940
Quebec R. C. School Commissioners,
5 p.c, 1953
A. E. Rea& Co., 5 p.c, 1931..
Rio de Janeiro Tramway, Light &
Power Co., 5 p.c, 1935
Ritz Carlton Hotel Co., Ltd., 6 p.c,
1943
United Grain Growers, Ltd., 6 p.c,
1940
West Kootenay Power & Light Co.,
6 p.c, 1940
Banco Hipotecario de Chile, 7 p.c . .
" " " 8 p.c...
Caja de Credito Hipotecario de Chile
7 p.c _
Caja de Credito Hipotecario de Chile
8 p.c
City of Osaka, Japan, 5 p.c. 1921/37. .
Town of Bruce Mines, Ont., 5 p.c,
1923 and 24
Prov. of New Brunswick, 6 p.c, 1930
Grand Trunk Pacific Ry. Co., 3 p.c,
1962 (g'teed by Dom. of Canada)
Greater Winnipeg Water Dist., 4i
p.c. Reg. stock, 1954
Municipal Debs., 3^ p.c
" " 4 p.c
" 4i p.c
" 45 p.c.
" 4| p.c.
" 4| p.c.
" 5 p.c...
" 5 p.c...
" 5j p.c.
" 5^ p.c.
" SJp.c.
6 p.c...
School Debs., 4 p.c.
4J p.c
6 p.c
Accumulation of book values to-
wards par
Dom. of Canada Victory Loan, 5^
p.c, 1923
Dom. of Canada Loan, 5^ p.c, 1934.
Alberta Great Waterways Ry. Co.,
5 p.c 1959 (G'teed by Prov. of
Alta.)
20,033 32
53,533 34
41,366 66
50,000 00
180,000 00
12,000 00
6,250 00
750,000 00
13,626 66
4,370 00
19,000 00
15,960 00
3,990 00
4,980 00
77 37
16,202 33
35,563 78
33,701 66
43,425
158,400
7,896
3,125
712,500
13,208
3,794
18,287
14,559
4,019
4,058
77 37
5,820,006 19
25,000 00
19,466 66
21,729 66
2,000 00
2,400 00
1,000 00
1,000 00
20,000 00
45,799 98
23,573 32
32,866 66
16,000 00
5,000 00
1,000 00
6,000 00
3,000 00
1,000 00
32,000 00
24,540 00
10,024 11
16,957
1,437
1,957
753
773
15,726
34,871
19,286
25,793
14,966
4,501
949
6,000
2,307
785
31.235 50
336 97
258,836 28
50 00
30,000 00
72,050 00
50 00
21,000 00
31,920 00
52,970 00
H. B. Robinson & Co.,
Grant, Johnston & Co.
W. J. O'Hara & Co..
J. S. Crook & Co.
Grant, Johnston & Co.
Dom. Securities Corporation.
S. & C. L. Carsley.
W. J. O'Hara & Co.
Company.
United Financial Corporation.
Gra^t, Johnston & Co.,
United Financial Corporation.
Banco Hipotecario de Chile.
J. A. Sanchez & Co.
Banco Hipotecario de Chile
J. A. Sanchez & Co.
Agent of Co. at Osaka.
Interest added to principal.
Wood, Gundy & Co.
Greenshields & Co.
Foster, Barrett, Riepert. &
Low.
Wood, Gundy & Co.
Greenshields & Co.
Wood, Gundy & Co.
National City Co.
Greenshields & Co.
Foster, BaiTett, Riepert &
Low.
Grennshields & Co.
Policyholder.
Balance of subscription.
E. Brown & Co.
208
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
Statement showing the Movement of Securities of Canadian Life and Assessment Companies
for the six months ended June 30, 1920 — Contiimed.
BONDS AND DEBENTURES PURCHASED— Continued.
Company.
Description of Security.
Par value.
Price paid.
From or
through whom
purchased .
Alliance Nationale
Dominion of Canada War Loan, 5 J
p.c. 1933
$ cts.
25,000 00
43,000 00
350,000 00
32,3.30 00
7,000 00
$ cts.
25,000 00
40,769 88
3.50,000 00
.30,330 00
7,000 00
Ija Banque d'Hochelaga.
Dominion of Canada War Loan, 5J
p.c, 1937
Dominion of Canada Loan, 5 J p.c,
1934
La Ban(|ue d'Hochelaga.
Union .St .Joseph. Three River.i
" " 6 p.c
Dominion of Canada Loan, 5J p.c,
1934
Canadian Northern Pacific Railway
4i p.c, 1950. (G'teed by B.C.)
Muunicipal Debs., 4^ p.c
4§p.c
457,. 330 00
453,099 88
Ancient Order of For-
eatera.
12,000 00
22,386 66
10,418 Ofi
2,320 49
10,000 00
2,000 00
5,000 00
160 00
12,000 00
16,477 47
10,768 25
2,131 71
9,468 20
1,843 40
5,093 10
160 00
416 55
Dorn. Govt.
C. H. Burgess & Co.
Macneill. Graham & Co.
C. H. Burge.ss & Co.
" " 6 p.c
" " 6 p.c
R. C. Matthews & Co.
" " 8 p.c
Accumulation of book values to-
Dominion of Canada Loan, oJ p.c,
1934
Municipal Debs., 4 p.c
64,285 21
58,358 68
T,<»« Arti^^ansi.
140,000 00
4,950 00
4,000 00
14,000 00
112,418 46
140,000 00
4,9.50 00
4,000 00
14,000 00
99,942 14
R6n6 T. Leclerc
Union ,St. Joseph, St. Sauveur.
" 4^ pc
" " 5 p.c
275,368 46
262,892 14
C.M.B. A
14,000 00
10,219 99
3,000 00
16,206 57
11,049 47
8,758 81
2,890 66
15,179 23
746 45
54 p.c
SiP-c
Accumulation of book values to-
A. E. Ames & Co.
Wood, Gundy & Co.
Dominion of Canada Loan, oj p.c,
1934
43,426 56
38,624 62
Commercial Travellers
46,000 00
14,600 00
14,600 00
10,000 00
44,620 00
11,680 00
9,599 50
8, 1.36 00
Canadian Northern Ry. Reg. stock,
4 p.c. 19.34
Caniidian Northern Pacific Ry. Reg.
stock, 4 p.c. 1950
Municipal Debs., 4 p.c and 4} p.c. .
Dominion of Canada Loan, 5| p.c,
1934
United Kingdom of Great Britain
and Ireland, 5 J p.c, 1937
Canada Bond Corporation.
85,200 00
74,035 50
l.O.F
200,000 00
.50,000 00
48,666 67
30,000 00
.50,000 00
200,000 00
48,875 00
38,296 12
28.415 40
41,995 00
2,250 00
42,000 00
8,991 87
1,594 77
11,100 00
Dom. Govt.
Agent Guaranty Trust Co. of
New York.
Dom. Securities Corporation.
" " 55 p.c
Wood, Gundy & Co.
School Debs., 5 p.c
Cutle.r Mail Chute Co. Coll. Trust,
6 p.c.
Dom. Securities Corporation.
Andrews Manufacturing Co. IstMtge.
6 p.c, 19.33
42,000 00
New York City District Realty
Co., 6 p.c, 1941
Royal Mortgage Bank, Norway, 3 J
p.c, (by drawings)
Union Water Development Co.,
7 p.c, 1936
2,246 16
12,000 00
„
434,912 83
423,518 16
ABSTRACT OF STATEMENTS
209
SESSIONAL PAPER No. 9
Statement showing the Movement of Securities of Canadian Life and Assessment Companies
for the six months ended June 30, 1920. — ^Continued.
BONDS AND DEBENTURES PURCHASED— ConcZuded.
Company
Description of Security
Par Value
Price Paid
From or
through whom
purchased
Royal Guardians
United Kingdom of Great Britain
and Ireland, 5| p.c, 1937
$ cts.
10,000 00
562 98
25,000 00
% cts.
8,800 00
562 98
24,500 00
Municipal Debs., h\ p.c, 1920
School Debs., 6 p.c, 1943
Bond returned unpaid.
Dominion of Canada Loan,, h\ p.c.
1934
Dominion of Canada Loan, h\ p.c,
1934
35,562 98
33,862 98
Woodmen of the World.
70,000 00
150,000 00
15,000 00
15,000 00
25,000 00
70,000 00
149,359 04
13,817 17
14,210 90
23,483 12
772 33
Dom. Govt.
Wood, Gundy & Co.
" " 6 p.c
District Debs., 6 p.c '
Acculumation of book value towards
:: "
275,000 00
271,642 56
9—14
210
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
Statement showing the Movement of Securities of Canadian Life and Assessment Companies
for the six months ended June 30, 1920. — Continued.
STOCKS PURCHASED
Company
Description of Stocks
Dividends
paid in
Par value
Price paid
From or
through whom
purchased
1917
1918
1919
10
12
10
10
8
7
12
12
10
12
11
12
12
10
12
12
6
7
7
6
6
7
12
i cts.
8,100 00
4,700 00
$ cts.
12,150 00
7,050 00
36,650 00
National Trust Co. (1st payment
1 ,466 shares)
„
Ranlr nf Mnnt.rAf^I
55,850 00
Manufacturers Life.
1,000 00
1,500 00
Direct by allotment.
Imperial Oil Co., Ltd
Preferred —
Canadian General Electric Com-
pany
Chicago, Ottawa and Peoria Ry.
Northern Life
750 00
1,500 00
Direct.
Sun Life
37,000 00
118,100 00
5,000 00
15,900 00
68,300 00
100 00
11,900 00
12,400 00
35,228 80
101,566 00
4,422 23
14,103 50
53,961 59
67 33
11,005 55
21,720 00
Truax, Higgins & Co.
Received in exchange
7
7
6
10
7
7
6
6
7
10
for Illinois Traction
Co. bonds and stocks
surrendered.
Dominion Glass Company
enzie.
O'Briefl and Williams,
Arthur Ahem, and
Truax, Higgins &
Co.
Dom. Securities Corp.
Illinois Traction Co
and Truax, Higgins
&Co.
McCuaig Bros.
Xesbitt, Thomson &
Common^
Co.
Direct.
Cutler Mail Chute Co
268,700 00
242,075 00
I.O.F
43,200 00
420,000 00
4,833 12
65,933 85
Co'y reorg£knization.
Lincon 1 raction Co., Nebraska..
Georgia Ry.& Pow.
Co.
463,200 00
70,766 97
ABSTRACT OF STATEMENTS
211
SESSIONAL PAPER No. 9
Statement showing the Movement of Securities of Canadian Life and Assessment Companies
for the six months ended June 30, 1920 — Continued.
BONDS. DEBENTURES AND STOCKS SOLD OR MATURED
Company
Canada Life.
Capital Life.
Commercial Life. . .
Confederation Life.
Continental Life.
Description of Security
Par value
Prov. of British Columbia
5 p.c
Prov. of Manitoba, 6 p.c
" Nova Scotia, 5 p.c. .
" Ontario, 4 p'c
" " 4 p.c
" " 4ip.o.....
" Saskatchewan, 4 p.c.
" " 5 p.c.
Municipal Securities
Miscellaneous securities
Detroit, Rochester, Lake
Orion and Romeo Ry
Stocks
Amortization of book values
towards par
United Kingdom of Great
Britain and Ireland
Municipal securities
School District securities. .
Amortization of book values
towards par
Prov. of Alberta Savings Cer-
tificates
Dom. of Canada (4) War Loan.
5i p.c
Prov. of Alberta, 4^ p.c.
Prov. of Ontario.
" Stock.
Municipal securities. . . .
50,000 00
50,000 00
50,000 00
100,000 00
105,000 00
6,000 00
5S,400 00
163,033 33
20,000 00
175,000 00
25,000 00
5,000 00
50,000 00
190,500 00
100,000 00
1.255 96
1.256 20
102,512 16
Value
in
Account
45,160 65
49,325 00
51,750 00
94,302 00
93,833 25
4,916 45
49,126 00
154,358 80
19,224 00
80,408 99
168,004 90
23,890 50
4,920 50
56,418 38
50,122 13
356,564 93
3,883 73
1,308,210 21
99,893 80
1,069 37
1,255
96 43
Price or
other
con-
sideration
received
To whom sold
48,491
50,000
51.750
98,000
99,870
5,491
49,348
165,009
19,800
181,575
24,975
5,262
C. H. Burgess & Co.
Matured .
00 Dom. Securities Corp.
62 A. E. Ames & Co.
50 C. H. Burgess & Co.
Matured.
52,825 00 Dom. Securities Corp.
381.253 38 A. E. Ames & Co.
4,200 00
Rural Telephone debs
Dominion I{ealty Co
Montreal Light, Heat and
Power
Dom. of Canada Loan, 5i p.c.
Prov. of British Columbia .
Municipal securities
School District debs. . . ;
London and Lake Erie Ry. and
Transportation Co
1,000,000 00
50,000 00
825 98
43,800 00
35,000 00
50,000 00
25,003 40
245 16
4,538 64
65.000 00
1,274,413 18
Toronto Harbour Commis-
sioners debs
50,000 00
25,000 00
2,289 53
269 69
25,000 00
102,315 48
4,200 00
1,000,000 00
49.065 64
825 98
33,726 00
34,191 54
50,000 00
25,313 27
257 01
4,. 538 64
64,307 75
1,262,225 83
50,759 44
22,242 ,50
2.135 05
269 69
4,800 00
1,000,000 00
(4UVarLoan
52,031 14
City of Wood-
stock.
C. H. Burgess & Co.
A. E. Ames & Co.
Dom. Securities Corp.
C. H. Burgess & Co.
Dom. Securities Corp
83,601 25 National Bank
Commerce, N.Y.
Matured.
4,200 00 Redeemed.
Canada Zh%
stock and
cash .
46,232 70
City of Toron-
to.
56,000 00
City of Bran
don.
70,000 00
Toronto Har
hour.
9— 14i
50,259 44
24,250 00
2,135 05
269 69
4,800 00
20,487 50
102,201 68
Wood, Gundv & Co.,
C.H. Burgess & Co.
etc.
C. H. Burgess & Co.
Matured.
Dom. Securities Corp.
Harris, Forbes & Co.
W. A. McKenzie & Co.
Matured.
Harris, Forbes & Co
W. A. McKenzie & Co.
C. H. Burgess & Co
Matured.
Amount received and
credited to principal.
Wood, Gundy & Co.
212
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
Statement showing the Mov( mt nt of Sfcuritirs of Canadian Lifp and Assessment Companies
for the six months ended June 30, 1920 — Continued.
BONDS. DEBENTURES AND STOCKS SOLD OR MATURED— Continued
Price or
Value
other
Company
Description of Security
Par value
in
Account
con-
sideration
received
To whom sold
$ cts.
$ cts.
$ cts.
Crown Life
Dom. of Canada War Loan,
■5i p.c
50,000 00
50,000 00
52,000 00
A. E. .^mes & Co.
Dom. of Canada War Loan,
SJp.c
100,000 00
100,000 00
104,000 00
Wood, Gundy & Co.
Prov. of Alberta, 6 p.c
10,000 00
9,741 01
10,400 00
" British Columbia, 5^
J „ ^'^
50,000 00
.50,000 00
51,300 00
Dom. Securities Corp.
30,000 00
30,000 00
29,127 00
Bell, Gouinlock Co.
" Saskatchewan, 5 p.c.
47,000 00
41,849 33
44,180 02
Wood, Gundy & Co.
6 p.c.
10,500 00
10,158 72
10,710 00
"
Xew^oundland, 5? p.c
17,000 00
17,202 30
17,202 30
"
Municipal securities
1,869 59
1,869 59
Matured.
School Di.strict debs
13,070 89
13,083 03
13,083 03
Rural Telephone Co., debs
782 82
787 08
787 08
"
Grand Trunk Pacific Ry
72,900 33
39,570 12
41,130 18
J. F. Stewart & Co.
London and Lake Erie Rail-
road Co. debs
1,240 00
1,240 00
1,240 00
Matured.
Amortization of book values
towards par
49 21
Dom. of Canada War Loan, 5j
365,550 39
377,029 20
Dominioa Life
p.c
550,000 00
550,000 00
554,812 50
Wood, Gundy & Co.
Prov. of Alberta, 6 p.c
25,000 00
24,. 352 17
25,650 00
" Manitoba, 6 p.c
30,000 00
29,318 64
31,200 00
" Saskatchewan, 5 p.c. .
10,000 00
9,001 60
9, 175 00
'•
" "
5,000 00
4,799 74
5,000 00
A. E. Ames & Co.
Municipal securities
1,489 84
1,489 84
Matured.
School District debs
1,619 74
.547 43
1,619 74
547 43
Rural Telephone Co., debs
The Canadian Realty Corp .
Amortization of book values
"
r
1,000 00
1,000 00
<(
towards par
166 32
Dom. of Canada War Loan,
Sip.c
624,657 01
622,295 48
Excelsior Life
100,000 00
100,000 00
102,000 00
Rotenberg Ltd.
Dom. of Canada War Loan,
5|p.c
8.56,000 00
856.000 00
852,135 00
Kerr, Flemming & Co.
Prov. of Ontario, 5| p.c
5,000 00
4,875 00
5,000 00
R. A. Daly & Co.
Japanese Government, 4 p.c. .
Dom. of Canada War Loan,
48,700 00
34,090 00
34,090 00
Kerr, Flemming & Co.
1,009,700 00
994,965 00
993,225 00
Great West Life
5^ p.c
35,000 00
35,000 00
36,225 00
Carruthers, Martin &
Torrance.
" " . .
410,000 00
410,000 00
422,162 .50
Baird & Botterell.
" " . .
535,000 00
535,000 00
.550,400 00
Dom. Securities Corp.
" " . .
150,000 00
150,000 00
156,000 00
Wood, Gundy & Co.
" " . .
50,000 00
50,000 00
.52,000 00
Harris, Read & Co.
" " . .
300,000 00
300,000 00
307,000 00
J. A. Thompson & Co.
" " . .
42,250 00
42,250 00
42,690 25
Edward Brown & Co.
*' " . .
19,400 00
19,400 00
19.400 00
G. W. L. Victory Loan
Club.
" "
8,000 00
8,000 00
8,000 00
Mrs. A. N. Pawson.
Prov. of Alberta, 6 p.c
25,000 00
24,270 00
25,375 00
.r. A. Thompson & Co.
" Manitoba, 6 p.c
50,000 00
48,185 00
50,750 00
■'
" Nova Scotia, 6 p.c.
15,000 00
14,925 00
15,225 00
Royal Securities Corp.
" Saskatchewan, 6 p.c .
50,000 00
48,310 00
48,500 00
Dom. Securities Corp.
Municipal Securities
11,797 68
28,760 49
15,427 30
11,318 55
29.204 46
15,615 65
11,318 55
29,204 46
15,615 65
Matured.
School District debs
Rural Telephone Co., debs
"
Canadian Realty Corp
4,000 00
4,000 00
4,000 00
"
Dom . Realty Co
1,941 70
1,941 70
1.941 70
"
Stocks—
Canada Permanent Mtge. Co..
52,790 00
91,854 60
92,767 84
Osier, Hammond &
Xanton.
Royal Bank of Canada
17,700 00
36,641 50
40,563 71
Toronto General Trusts Corp.
5,500 00
10,175 00
11,314 13
*'
1,827,567 17
1,886,091 46
1,940,453 79
•
ABSTRACT OF STATEMENTS
213
SESSIONAL PAPER No. 9
Statement showing the Movement of Securities of Canaeiian Life anel Assessment Companies
for the six months . ended June 30, 1920 — Continued.
BONDS, DEBENTURES AND STOCKS SOLD OR MATURED— Continued
Company
Description of Security
Par value
Value
in
Account
Price or
other
con-
sideration
received
To whom sold
Imperial Life
Dom. of Canada War Loan,
5ip.c
Prov. of Alberta, 5 p.c
British Columbia, 4^
p.c,
4§ p.c.
" " h\ p.c.
" Manitoba, 6 p.c
" New Brunswick, 6 p.c
" Ontario, 4 p.c
4Jp.c
United Kingdom of Great
Britain and Ireland, h\ p.c...
$ cts
500,000 00
10,400 00
50,000 00
15,000 00
35,000 00
50,000 00
100,000 00
50,000 00
48,666 66
21,900 00
100,000 00
9,507 67
19,991 58
{ cts
493,645 00
9,304 35
48,108 50
13,973 56
32,604 81
49,753 47
95,893 84
49,221 74
38,379 19
18,580 82
99,402 28
9,131 42
19,991 58
31,051 86
$ cts.
510,000 00
51,500 00
14,437 50
33,687 50
49,500 00
103,500 00
50,000 00
38,923 55
18,205 97
108,075 00
Dom. Securities Corp.
Imperial Life Staff.
Dom. Securities Corp.
C. H. Burgess & Co.
Dom. Securities Corp.
A. E. Ames & Co.
Dom. Securities Corp.
Miscellaneous debs
Amortization of book values
Dom. of Canada War Loan,
5Jp.c.
h\ p.c.
5^ p.c.
Prov. of Alberta, 4 J p.c
" 5^ p.c
Prov. of British Columbia, 5
p.c
1,010,465 91
1,009,042 42
Loodoo Life
150,000 00
250,000 00
100,000 00
10,000 00
2,000 00
50,000 00
20,000 00
50,000 00
22,997 51
3,000 00
1,783 90
150,000 00
250,000 00
100,000 00
9,473 50
1,943 88
47,032 23
19,074 72
49,165 07
22,660 34
2,932 18
1,783 90
39 47
150,tf85 63
250,700 35
100,756 17
9,669 52
1,994 10
47,226 28
19,369 20
56,927 66
53,108 64
5,158 75
5,000 00
Wood. Gundy & Co.
A. E. Ames* Co.
Dom. Securities Corp.
Brent, Noxon & Co.
Dom. Securities Corp.
Brent, Noxon & Co.
Dom. Securities Corp.
Prov. of Saskatchewan, 5 p.c. .
Anglo-French Loan, 5 p.c
Municipal securities. . .
School District debs
Miscellaneous debs. .
i<
Amortization of book values
towards par
Prov. of Alberta, 5 p.c
" British Columbia, 4^
659,781 41
654,105 29
700,796 30
Manufacturers Life
25,000 00
50,000 00
163,519 98
159 05
45,545 18
129,060 23
50,000 00
50,000 00
15,748 92
5,108 39
2,400 00
15,900 00
6,700 00
24,541 63
46,589 17
155,351 28
150 65
44,864 84
129,892 43
50,568 01
50,122 20
16,553 63
5,099 86
6,313 82
28,389 97
13,995 89
800 86
24,982 64
47,643 24
160, 126 40
Kerr, Flemming & Co.
" Saskatchewan, 4 p.c.
Government securities
Municipal securities
Matured.
School District debs
It
Detroit and Pontiac Ry. Co...
Detroit, Rochester, Romeo
and Lake Orion Ry. Co
Rural Telephone Co. debs
Miscellaneous debs
54,693 47
54,793 39
Kerr, Flemming & Co.
Bank of Nova Scotia stock
Merchants Bank of Canada
6,473 52
29,958 32
14,169 16
Kerr, Flemming & Co.
Standard Bank of Canada
stock
1^
Amortization of book values
towards par
Dom. of Canada War Loan,
5^ p.c.
" " 5i p.c.
Municipal securities
559,141 75
573,234 24
Monarch Life
130,000 00
80 00
1,383 88
6,298 12
5,438 02
130,006 75
80 00
1,383 88
6,298 12
5,438 02
133,940 00
80 00
Osier, Hammond &
Nan ton.
Monarch Life Staff.
School District debs
Rural Telephone Co. debs
u
143,200 02
143,206 77
214
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
Statement showing the Movement of Securities of Canadian Life and Assessment Companies
for the six months ended June 30, 1920 — Contimied.
BONDS. DEBENTURES AND STOCKS SOLD OR MATURED— Continued
Price or
Value
other
Company
Description of Security
Par value
in
Account
con-
sideration
received
To whom sold
$ cts.
$ cts.
$ cts.
Mutual Life
Dom. of Canada War Loan,
5i p.c.
600,000 00
600,000 00
611,750 00
Wood, Gundy & Co.
b's p.c.
1,840,000 00
1,840,000 00
1,873,2.50 00
A. E. Ames & Co.
" 5J p.c.
150,000 00
150,000 00
153,000 00
Brent. Noxon & Co.
" " 5J- p.c.
50,000 00
50,000 00
51,000 00
Dom. Securities Corp.
" " 5i p.c.
300,000 00
300,000 00
302,250 00
W. A. Mackenzie & Co.
Prov. of British Columbia,
5 p.c
10,000 00
8,850 44
9,500 00
Wood. Gundy & Co.
Prov. of Ontario. 6 p.c
25,000 00
25,000 00
26,500 00
C. H. Burgess & Co.
Newfoundland War Loan,
61 p.c.
25,000 00
24,790 72
26,250 00
"
61 p.c.
75,000 00
74,372 14
78,750 00
Wood, Gundy & Co.
Government securities
Municipal securities
1,686 03
50,564 59
1,274 91
52.469 26
Matured.
School District debs
31,892 11
10,794 16
32.257 05
15,481 06
"
Rural Telephone Cos. debs. . . .
"
Miscellaneous securities
29,119 03
29,083 47
«
Accrued interest treated as
principal at time of purchase
20,142 83
Written off.
Amortization of book values
towards par
861 31
Dom. of Canada War Loan.
51 p.c.
3,199,055 92
3,224,583 19
National Life
66,000 00
66,000 00
66,000 00
Canada Bond Corp.
" " 5Jp.c.
10,000 00
10,000 00
10,000 00
W. A. Mackenzie & Co.
Prov. of Alberta. 4J p.c
• 5,000 00
4,822 50
4,910 SO'Dom. Securities Corp.
4ip.c
5,000 00
4.840 00
5,000 00
A. E. Ames & Co.
" " 5 p.c
10,000 00
9,600 00
10,300 00
"
5|p.c
9,000 00
8,747 10
9,075 00
R.C. Matthews* Co.
" Manitoba, 6 p.c
10,000 00
9,837 10
10,277 10
Canada Bond Corp.
" New Brunswick, 6 p.c.
15.000 00
14.877 00
15,472 50
"
" Ontario.4 p.c.
14,000 00
12,541 00
13,110 40
R.C. Matthews & Co.
" " 4i p.c
15,000 00
14,262 20
15,091 50
Wood, Gundy & Co.
6 p.c
11,500 00
11,500 00
12,075 00
Canada Bond Corp.
" " 6 p.c
1,000 00
1,000 00
1,040 00
E.G. Matthews & Co.
" Saskatchewan, 4 p.c.
18,006 65
16,926 60
17,646 53
Dyment & Co.
" " 5 p.c.
5,000 00
4,828 00
5,000 00
C. H. Burgess & Co.
" " 5 p.c.
20,000 00
17,698 00
18,400 00 Canada Bond Corp.
British Exchequer bonds, 6 p.c.
4,866 66
4,859 40
4,8.59 40
Matured.
Newfoundland, 6? p.c
5,000 00
50 00
5,000 00
47 75
5,300 00
49 90
C.H. Burgess & Co.
U. S. War Loan, 4J p.c
R.C. Matthews & Co.
Municipal securities
5,000 00
4.932 20
5,050 00
Wood, Gundy & Co.
**
2,000 00
13,273 52
5,000 00
5,000 00
1,937 76
12,806 50
5.000 00
4.683 70
1,952 24
12,872 40
5.300 00
4,825 00
W. L. Mackenzie & Co.
"
W. L. McKinnon & Co.
<<
-/Emelius Jarvis & Co.
* " . .'. . . . . '.'. . .
Canada Bond Corp.
(t
26,997 68
3,546 98
26.651 28
3.544 19
Matured.
School District debs
Hydro Electric Power Comm.
debs 4 p.c
5.000 00
3,460 00
3.460 00
Canada Bond Corp.
Amortization of book values
towards par
268 34
Dom. of Canada War Loan,
290.241 49
280.670 62
North American'Life. .
5} p.c.
250,000 00
246,775 00
255,000 00
Turner, Spragge Co.
" " 5 p.c.
5,000 00
4,875 00
4,875 00
Morrow & Jellett.
" " 6 p.c.
29,000 00
28,275 00
28.275 00
Macneill. Graham &
Co.
Can. Bond Corp.
" " 5 p.c.
24,000 00
23,400 00
23,400 00
" " 5 p.c.
27.500 00
26.812 50
20,812 50
Housser. Wood & Co.
" " 5 p.c.
17,000 00
11.957 40
16,490 00
R.C. Mattiiews&Co.
Prov. of Alberta, 5 p.c
37,000 00
35,797 50
30,260 00
J. F. Stewart & Co.
" " 5 p.c
13,000 00
12.577 50
12,740 00
C. H. Burgess & Co.
" British Columbia, 4i
p.c
100,000 00
50,000 00
92,945 00
48.875 00
93,000 00
49.125 00
R.C. Matthews & Co.
" Ontario. 4 J p.c
Wood. Gundy & Co.
" 6 p.c
10,500 00
10,500 00
10,821 12
R. C. Matthews & Co.
" Saskatchewan,, 4 p.c.
24.333 33
21,809 15
24,333 33
Bell.Gouinlock&Co.
" " 4 P.O..
48.666 67
43,618 31
48,484 16
C. H. Burgess & Co.
ABSTRACT OF STATEMENTS
215
SESSIONAL PAPER No. 9
Statement showing the Movement of Securities of Canadian Life and Assessment Companies
for the six months ended June 30, 1920 — Continued.
BONDS, DEBENTURES AND STOCKS SOLD OR MATURED— C(?n<i««erf
Company
Vorth "'American [Life
—Con.
Northern Life.
SaakatchewanJLife.
La Sauvegarde Life. . .
Security Life.
Sovereign Life.
San Life.
Description of Security
Municipal securities
School District securities
Rural Telephone Co. debs
Bishop Navigation Co., 6 p.c.
Miscellaneous debs
Amortization of book values
towards par
Dom. of Canada War Loan,
5i p.c.
" " 5i p.c.
Municipal securities
School Dist. debs
London and Lake Erie Ry. and
Transportation Co., 5 p.c
Amortization of book values
towards par
Par value
Dom. of Canada War Loan
5i p.c
" " Oj p.c
Municipal securities
School District debs
Rural Telephone Co. debs
Municipal debs
Montreal Tramways Co.
Dom. of Canada War Loan,
5j p.c
Municipal securities
School District debs
Rural Telephone Co. debs.
Greater Winnipeg Water Dist.
debs
Dom. of Canada bonds, 5| p.c.
Dom. of Canada \^ar Loan,
5-J p.c.
" " 5s p.c.
Prov. of Ontario, 3| p.c
Newfoundland, 6j p c
United Kingdom of Great
Britain and Ireland, 5J p.c...
Republic of Cuba, 5 p.c
Municipal securities
" and School Diat.
debs
Bloomington and Normal Ry.
and Light Co., 5 p.c
Des Moines Electric Co., 5 p.c.
? cts
6,569 82
14,701 09
2,770 34
50,000 00
67,500 00
85,000 00
862,541 25
214,700 00
100 00
8,495 55
360 00
Value
in
Account
$ cts
6,569 82
14,701 09
2,770 34
48,315 00
67,500 00
80,424 05
1,049 05
829,546 71
13,000 00
200 00
1,500 00
2,847 82
517 62
18,065 44
586 02
1,000 00
1,586 02
12,000 00
1,871 41
25,000 00
214,700 00
104 00
8,333 44
377 50
3,760 00
1,164 21
Price or
other
con-
sideration
received
228,439 15
12,963 53
200 00
1,434 32
2,851 70
. 517 62
17,967 17
586 02
810 00
1,396 02
12,000 00
3,260 82 3,266 70
833 33 858 27
2,081 70
30,965 56
300,000 00
100,000 00
613,000 00
67,320 00
50,000 00
250,000 00
500 00
5,372 60
8,034 03
28,000 00
31,000 00
23,724 60
29,931 27
292,369 50
100,000 00
605,286 61
48,511 64
49,200 00
240,625 00
455 40
5,406 15
7,788 30
25,200 00
26,622 04
$ cts.
6,569 82
14,701 09
2,770 34
51,000 00
67,500 00
To whom sold
Matured.
J. F. M.Stewart & Co.
Matured.
85,000 00 Redeemed.
857,157 36
216,759 00
377 50
13,180 00
810^00
12,. 391 24
Royal Securities Corp.
Account transferred.
Matured.
Further sale of assets.
Harris, Read & Co.
Head Office staflf.
Matured.
Matured.
Placement.
25,125 00
293,881 75
100,000 00
618,067 50
49,863 70
52,490 00
244,330 63
500 00
5,371 10
8,034 03
25,967 13
29,006 08
A. E. Ames & Co.
Matured.
Edw. Brown & Co.
National
N.Y.
City Co..
Royal Securities Corp.
Atlas Bond and Secur-
ity Co. &;0'Brien &
Williams.
Lloyd's Bank.
Wood, Gundy & Co.
National City Co.,
N.Y.
Redeemed.
Instalments matured.
Illinois Trust and Sav-
ings and Eastabrooke
& Co., Boston.
Emery, Peck & Rock-
wood and H. W.
Gardner.
216
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
Statement showing the Movement of Securities of Canadian Life and Assessment Companies
for the six months ended June 30, 1920 — Continued.
BONDS. DEBENTURES AND STOCKS SOLD OR MATVRED— Continued
Price or
Value
other
Company
Description of Security
Par value
in
Account
con-
sideration
received
To whom sold
$ cts.
$ cts.
$ cts.
SuD LiJe— Con
Galesburg Ry. Lighting and
Power Co., 5 p.c
42,000 00
35,612 80
37,910 10
$7,000 exchanged for
like amount of Chi-
cago, Ottawa and
Peoria Ry. Pref.
stock. $1,000 to A.
C. Harlow and $34,-
000 for sinking fund.
Jacksonville Ry. and Light
Co., 5 p.c
17,000 00
14,620 00
14,620 00
Exchanged with Illi-
nois Traction Co. for
like amount of Chi-
cago, Ottawa and
Peoria Ry. Co.
Pref. stock.
Topeka Ry. and Light Co.,
5 p.c
6,000 00
5,100 00
5,404 40
New York Trust Co.
Abitibi Power and Paper Co.,
7 p.c
177,200 00
154,982 91
194,920 00
Redeemed.
American Sales Book Co., 6
p.c
20,600 00
19,570 06
20,975 37
Samuel K. Phillips &
Bell Telephone Co. of Can.,
Co.
5 p.c
25,000 00
24,750 00
22,750 00
Nesbitt, Thomson &
Cedars Rapids Mfg. and Power
Co.
Co., 5 p.c
3,000 00
2,437 56
2,670 00
Bodell & Co.
Mexican Northern Power Co.,
receiver's certificates, 7 p.c.
5,000 00
5,000 00
5,000 00
Payment on account of
principal.
Montreal Abattoirs Ltd., 6 p.c.
379,000 00
344,890 00
344,890 00
Surrendered in ex-
change for 6% in-
come bonds, pref.
stock , real estate
and cash $15,114.80.
Banco Hipotecario de Chile. . .
4,180 00
3,731 60
4,180 00
Redeemed.
Caja de Credits Hipotecario
de Chile
190 00
195 70
33 75
190 00
33 75
"
Philippine Islands
Adjustment of com-
mission paid in error
Montreal Water and Power Co.
67 76
67 76
Law G'tee and Acci-
dent Society for sur-
render of guarantee.
Preferred Stocks —
Bloomington and Normal Ry.
ife Light Co., 6 p.c
80,000 00
68,800 00
68,800 00
Surrendered in part
exchange for Bloom-
ington and Normal
*
Madison County Light and
Ry. and Light Co.
bonds and Chicago,
Ottawa and Peoria
Ry. Co. pref. stock.
Power Co
30,900 00
5,000 00
26,574 00
4,300 00
26,574 00
4,300 00
it it
Mills County Power Co
" '\
Omaha and Lincoln Ry. and
Light Co
.5,200 00
4,472 00
4,472 00
it tt
Dom. of Canada War Loan,
2,253,496 63
2,116,602 78
2,185,269 30
Travellers Life
5 p.c.
25,000 00
24,047 79
24,475 00
Greenshields & Co.
" " 5^ p.c.
110,000 00
110,000 00
110,000 00
"
5i p.c.
13,000 00
13,000 00
13,000 00
Wood, Gundv & Co.
" " 5| p.c.
2,000 00
2,000 00
2,000 00
A. P. Earle.
Prov. of Manitoba, 6 p.c
5,000 00
4,919 96
4,950 00
Greenshields & Co.
" Ontario, 4 p.c
5,000 00
4,468 31
4,475 00
Wood, Gundy & Co.
" " 6 p.c
5,000 00
5,000 00
5,050 00
"
" Quebec, 4^ p.c
10,000 00
8,613 81
8,638 50
"
Municipal securities
20,000 00
19,835 24
19,909 00
"
Greater Winnipeg Water Dist.
debs., 5 p.c
5,000 00
4,731 36
4,750 00
Greenshields & Co.
Amortization of book values
towards par
29 97
200,000 00
196,646 44
197,247 50
ABSTRACT OF STATEMENTS
217
SESSIONAL PAPER No. 9
Statement showing the Movement of Securities of Canadian Life and Assessment Companies
for the six months ended June 30, 1920 — Continued.
BONDS, DEBENTURES AND STOCKS SOLD OR MATURED— Concluded
Company
Description of Security
Par value
Value
in
Account
Price or
other
con-
sideration
received
To whom sold
School Dist. debs
Greater Winnipeg Water Dist.,
5 p.c.
Dom. of Canada War Loan,
5ip.c.
" " Si p.c.
5i p.c.
$ cts.
1.973 33
35,000 00
.$ cts.
1,973 33
32,760 00
S cts.
34,875 71
Drake Ballard Co.
36,973 33
34,733 33
.34,875 71
Alliance Nationale
150,000 00
90,769 88
350 00
151 90
100 00
150,000 00
90,769 88
350 00
151 90
86 00
150,000 00
90,769 88
350 00
151 90
86 00
The National City Co.
La Banque d'Hoche-
laga.
Lost.
Dom of Canada War cert.
Prov. of British Columbia,
5 p.c
Municipal debs
241,371 78
241,357 78
241,357 78
A.O.F
20,000 00
4,751 56
1,996 67
18,064 26
4,696 87
2,023 31
41 34
19,000 00
C. H. Burgess & Co
Amortization of book values
Municipal securities
Anglo French bonds, 5 p.c
26,748 23
24,825 78
580 50
, 618 73
C.M.B.A
24,649 24
12,264 49
24,649 24
12,321 97
50 68
Amortization of book values
Dom. of Canada War Loan,
Sip.c
36,913 73
37,021 89
Commercial Travellers
45,000 00
11,000 00
45,000 00
11,000 00
20 08
44,950 00
11,440 00
Macneill, Graham and
Co.
Amortization of book values
Prov. of Ontario, 3^ p.c
56,000 00
56,020 08
56,390 00
I.O.F
50,000 00
298 95
55,587 82
3,333 68
4,000 00
60,000 00
40,000 00
50,000 00
76,000 00
1,069 60
2,000 00
44,986 00
298 95
54,193 32
3,320 72
4,000 00
60,000 00
25,499 98
.50,000 00
74,790 00
1,069 60
2,000 00
43,555 00
298 95
55,587 82
3,333 68
4,000 00
60,000 00
25,499 98
50,000 00
77,097 76
1,069 60
2,000 00
Dom. Securities Corp.
Municipal debs
"
Canadian Realty Corp., 6 p.c.
Holmwood Realty Co., 6 p.c. .
National Wood Products Co.,
6 p.c
New York Steam Co., 6 p.c. .
A. R. Rogers Lumber Co.,
6 p.c
Company.
Royal Mortgage Co., 3j p.c... .
Valpey Co., 6 p.c
"
Dom. of Canada War Loan,
5j p.c
(t
342,290 05
320,158 57
322,442 79
Royal Guardians
25,000 00
25,000 00
562 98
25,000 00
Royal Securities Corp.
Dom. of Canada War Loan,
25,562 98
135,000 00
29,600 00
4,232 46
25,000 00
134,331 86
28,798 16
4,242 98
24,272 58
135,300 00
28,791 38
24,255 00
Wood, Gundy & Co.
Municipal securities
Matured.
Greater Winnipeg Water Dist.
Wood, Gundy & Co.
193,832 46
191,645 58
218
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 192
Statement showing the Movement of Securities of Canadian Life and Assessment Companiea
for the six months ended June 30, 1920 — Conlinued
REAL ESTATE PURCHASED OR ACQUIRED
Company
Description of Property
Price paid
or value
at which
transferred
to
real estate
account
1
From whom purchaaed
103 Bay St., being part of town lot No. 4, north
$ cts.
123,337 25
28,062 47
21,191 71
6,872 81
15,149 17
4,028 96
19,550 81
Town lot No. 6 on south side King St., rear 79
Pears Estate and Mooarcfa
Lots 16, 17 and 18, Block 3, River lot 10, Edmon-
Supply Co.
Foreclosure.
Lot 140, Block 5, Hudson Bay Co. resen'e, Ed-
Rural Properties —
„
City Properties —
„
Taxes or charges, etc. , on real estate acquired and
including §2,508.-53 installing elevators in
E. \ 18 W. 1-28, W. 1 Man
218,193 18
6, 183 70
4,442 25
4,591 28
3,256 58
11,112 82
21,928 08
Power of sale.
City Pro par ties-
Rural Properties —
Conveyance
Taxes or charges, etc., on real estate acquired. . .
Taxes or charges, etc., on real estate acquired
51,514 71
1,859 89
1,651 27
E. B. Hallett.
Lots 36 and 37. Block 2, Plan D. R., Lot 12,
36,053 80
11,600 92
6,240 11
5,028 13
2,876 60
1,520 82
3,401 96
1,401 33
11,666 88
Foreclosure.
Lot 3.5, Block 123, Plan Old No. 96, Moosejaw,
City Property —
V. C. McCurdy
Foreclosure.
Alberta
«
"
Taxes, charges, etc., on real estate acquired
79,790 55
1,346 36
1,323 03
400 73
1,490 03
2,302 20
1,573 45
1,045 38
1,087 15
749 85
194 57
1,944 53
R. Anliker.
M. Puchalski.
It «
A. Sawosy.
•1 «
M. L. Bragg.
J. F Ash ton.
M. F. McKinnon.
Alberta
R. A. Trider.
0. Joynt.
« «
T. R. Hickey.
Taxes or charges, etc., on real estate acquired.. . .
13,457 28
2,3.34 09
2,095 30
1,931 13
2,819 33
1,305 86
23,125 12
Foreclosure. *
Conveyance.
Foreclosure.
«
Taxes or charges, etc., on real estate acquired....
33,611 73
ABSTRACT OF STATEMENTS
219
SESSIONAL PAPER No. 9
Statement showing the Movement of Securities of Canadian Life and Assessment Companies
for the six months ended June 30, 1920 — Continued
REAL ESTATE PURCHASED OR ACQUIRED— Conc/udei
Company
Description of Property
Price paid
or value
at which
transferred
to
real estate
account
From whom purchased
$ cts.
7,070 56
4,720 93
1,383 61
1,268 96
2,264 38
2,825 50
1,224 93
1,608 65
876 21
1,868 28
H. A. Stewart.
" Alberta
Rural Property —
Saskatchewan ^
A. Roediger.
M. Otterbine.
Jos. A. Ramej'.
I. W. Kinzie.
i<
R. S. Wright.
«
W. J. Bradshaw.
Alberta
Mrs. M. L. Hodge.
A. Cameron.
Taxes or charges, etc., on real estate acquired... .
Taxes or charges, etc., on real estate acquired... .
Part of lot 109, Plan of lot 39. Ottawa
Rural Properties —
Manitoba
Saskatchewan
Taxes or charges, etc., on real estate acquired.. . .
Taxes or charges, etc., on real estate acquired.. . .
Parts of lots 197, 198, 200 and all of lot 199 s.w.
corner Yates and Wharf Sts., Victoria, B.C..
Payment on account addition to Head Office
Taxes or charges, etc., on real estate acquired
Lots IGand 11, w.d. Plan 485, Roncesvallea Block,
comer Roncesvalles and Bonstead, Toronto —
Security Bldg., 37 Yonge St., Toronto
25,112 01
293 62
8,127 27
7,614 13
995 55
201 78
Foreclosure.
16,938 73
Monarch Life
31 34
Mutual Life
44,000 00
32,711 70
1,560 89
Beard, Wilson & Dalgarno
(Quit claim deed).
78,272 59
46,754 00
Paid off mortgage to Huron
and Erie Loan and Savings
London.
Elgin Development Co.
33,500 00
Lot 6, Block 30, Norwood Sub-Div., Plan XLIII,
(OuUette BIock), Edmonton
Sovereign Life
22,452 97
Foreclosure.
W. G. V. Bishop property, W. i 3-12-22 W. 2
Lot 24, Block 6, Subd. B, Dist. Lot 182, Maps 127
and 398, No. 1437-1441 Hastings, St. Van-
6,516 45
6,050 97
156,901 43
17,061 73
4,500 00
2,000 00
10,895 98
3,050 60
Quit claim.
Foreclosed.
Montreal Abattoirs.
Lots 7 and 8, N. i Lot 80, Group 1, Map 719, Mun.
of Burnaby, Dist of New Westminster
City Property-
Alberta
Foreclosed.
Quit claim.
Foreclosure.
Taxes or charges, etc., on real estate acquired... .
Taxes or charges, etc., on real estate acquired... .
Taxes or charges, etc., on real estate acquired... .
206,977 16
Western Life
253 95
Alliance Nationals
5,661 00
220
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
Statement showing the Movement of Securities of Canadian Life and Assessment Companies
for the six months ended June 30, 1920 — Continued
REAL ESTATE SOLD
Company
Description of Property
Price paid
or value
at which
carried
into
real estate
account
Value
in
Account
Price
received
To whom sold
City Properties —
$ cts.
39,200 53
4,056 45
28,500 00
2,097 53
11,606 40
5,259 72
S cts.
41,435 92
4,776 47
1,000 00
4,390 55
2,881 19
4,788 29
12,497 54
% cts.
56,884 75
6,750 00
1,000 00
4,400 00
5,578 00
6,300 00
Sale.
" (partial payment).
Rural Properties —
Alberta
" (partial sale).
Saskatchewan
Revenue derived from real estate
Block A, Plan 744, 218 ' 1' on Ger-
rard St. X 134' on Carlaw Ave.
N.W. comer Gerrard and Carlaw
Sts., Toronto.
Lot 9, Block 1, Plan 9913 and all
Block A, Plan AA3627, Second
Ave., Yorkton, Sask
90,720 63
71,769 96
80,912 75
Confederation Life.
15,287 59
7,237 17
756 29
2,774 00
3,347.32
11,000 00
7,261 53
803 19
2,807 14
17,143 15
15,000 00
14,000 00
8,255 00
675 00
3,200 00
Langlev's Ltd. (Balance of
Block).
Smith and Mackay.
Sale.
Rural property —
<<
Revenue derived from real estate
Revenue derived from real estate
42,362 33
41,130 00
Continental Life
74 75
Rural properties. Alberta
Lot 14, Block H, River lot 78,
5,960 30
5,960 30
7,140 00
Sale.
Dominion Life
42,027 15
51,918 09
13,462 60
13,649 56
3,989 61
2,422 18
3,401 96
1,946 52
42,069 70
51,927 89
13,612 62
13,817 46
4,188 32
2,422 18
3,401 96
1,946 52
2,301 84
87 36
12,822 81
. 15,000 00
57,000 00
14,339 40
16,075 00
4,178 33
2,794 40
3,500 00
1,950 00
2,301 84
87 36
Chas. S. Lacroix, ei al.
Part lot 17, Hughsons, comer King
Wm. and Mary Sts., Hamilton..
City Properties-
}. A. C. Morrow.
Sale.
"
"
'<
David Ashwith.
Revenue derived from real etsate
Town property, Saskatchewan
Rural Property —
132,817 67
148,598 66
117,226 33
Eicelsior Life
7,196 11
2,132 53
3,687 06
5,946 16
6,532 40
2,700 00
3,126 61
7,256 50
1,426 65
7,802 20
2,750 00
3,450 00
8,300 00
Sale.
"
"
Revenue derived from real estate
U)t 7, Part lot 6, special plot 4.
18,961 86
21,042 16
22,302 20
Great West Life
96,144 36
12,292 74
98,647 98
12,477 74
100,000 00
13,000 00
Home Investment and
Lots 19 and 20, Block 80, Plan C.l,
Calgary
Savings Assn.
Barclay Bros.
ABSTRACT OF STATEMENTS
221
SESSIONAL PAPER No. 9
Statement showing the Movement of Securities of Canadian Life and Assessment Companies
for the six months ended June 30, 1920 — Continued
REAL ESTATE SOLD— Continued
Company
Description of Property
Price paid
or value
at which
carried
into
real estate
account
Value
in
Account
Price
received
To whom sold
Great West Life-
con.
Lots 7 and 8, Block 564, D.L. 526,
Tp. 1, Vancouver
Part Lots 83 to 85 (inc.). Block 8
H.B. R. PI. B, Edmonton
Lot 122, Block 12,P1.B.4,H.B.R.
Edmonton
Lot 123, Block 12, PI. B 4. N. B. R.,
$ cts.
5,314 85
5,701 72
9,239 77
8,125 46
12,001 44
9,055 11
3,086 86
2,015 02
$ cts.
4,909 10
5,818 03
8,246 24
8,557 96
13,592 02
10,152 41
3,665 49
2,786 64
$ cts.
5,400 00
6,. 500 00
5,000 00
5,000 00
9,200 00
14,800 00
10,900 00
4,216 85
3,000 00
6,618 67
A. P. Stenhouse.
A. H. Edwards.
C. A. Hodgson and A. S.
Smith.
A. G. Lancey.
City Properties —
Sale.
"
"
"
Town property — Saskatchewan —
Revenue derived from real estate
City Properties —
162,977 33
168,853 61
183,635 52
Imperial Life
1,383 61
10,016 87
3,748 19
2,264 38
1,383 61
8,635 21
3,904 08
2,264 38
3,057 45
1,870 00
14,528 20
6,600 00
3,500 00
H. Leinweber.
Sale.
Rural Property —
Wm.C Taylor.
Revenue derived from real estate
17,413 05
19,244 73
26,498 20
4,327 38
4,200 46
13 54
6,750 00
C. E. Cook and Wm. J.
Revenue derived from real estate
Cumminga.
Part lot 109. Plan of lot 39, Ottawa
Rural Property —
4,327 38
4,214 00
6,750 00
Manufacturers Life.. .
8,127 27
888 00
2,709 50
7,614 13
5,000 00
1,067 35
2,502 44
7,614 13
3,720 17
9,000 00
1,550 00
3,344 00
10,400 00
Florence Gargano.
Geo. Martin.
Sale.
Revenue derived from real estate
Part of S.W. i 24-31-24, W. 2, Sask.
W. 1 19-16-6 W. 2, Sask
19,338 90
19,904 09
24,294 00
50 00
50 00
Municipality.
4,500 00
18,621 78
5,794 63
4,370 87
3,585 17
3,000 00
4,500 00
10,000 00
1,155 00
4,816 04
2,550 38
3,000 00
11 25
757 91
6,589 35
10,000 00
1,155 75
4,850 00
2,550 38
3,000 00
Samuel Stewart.
No. 11,814, 100 th Ave.. Edmonton
(J. St. CI. Blackett)
Mrs. Bessie Co>Tie
S. J 18-13-20 VV. 1 , Man
(partial payment).
\V. J. Pettapiece
City Property —
(partial pa>-ment).
E. P. Sutherland.
W. A. & G. W. King.
Ontario '
Sale of material re addition to
Head Office
(partial payment) 1,504
pre'V'iously reported
W. H. Somerville.
Revenue derived from real estate
39,872 45
26,790 58
222
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
Statement showing the Movement of Securities of Canadian Life and Assessment Companies
for the six months ended June 30, 1920 — Continued
REAL ESTATE i>OLD— Concluded
Company
Description oi Property
Price paid
or value
at which
carried
into
real estate
account
Value
in
Account
Price
received
To whom sold
North American Life
Rural property — Saskatchewan. . . .
Rural property— Saskatchewan. . . .
2-4 Lansdowne Ave., Toronto
(Parkdale Assembly Hall).
E. i Lot 205, Grp. 2, Kew West-
minster Dist
Pattinson Farm property. Part lots
380 and 381. Gp. 2. Chilliwack,
B.C
S cts.
1,436 92
$ cts.
1,436 92
S cts.
2,000 00
A. Brandt.
Kortbem Life
2,389 25
24,554 33
2,389 25
24,554 33
2,000 00
28,500 00
C. W. Anderson.
M. H. Findlay.
26,943 58
26,943 58
30,500 00
Bun Life
4,693 44
9,977 89
19,984 37
4,775 58
4,973 44
10,374 80
20,915 02
4,775 58
5,500 00
10,876 60
22,300 00
4,500 00
74 65
G. E. Leighton.
Mercer.
City property, British Columbia. .
Town property, Saskatchewan
Revenue derived from real estate
Sale.
J. Grist.
Revenue derived from real estate
39,431 28
41,038 84
43,251 25
Western Life
140 00
. . .
Town property, Quebec
Revenue derived from real estate
Alliance Nationale...
1,200 00
1,200 00
6,740 62
1,200 00
Geo. Tardif.
1,200 00
7,940 62
1,200 00
ABSTRACT OF STATEMENTS
223
SESSIONAL PAPER No. 9
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224
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
Statement showing the Movement of Securities of Canadian Life and Assessment Companies
for the six months ended June 30, 1920 — Continued
COLLATERAL LOANS REPAID
Company
By whom paid
Amount
repaid
Description
of
collateral released
Par
value
Market
value
Canada Life
\
W. G. Morrow
Canada Life Staff
$ eta.
17,. 538 00
8,152 93
Robt. Simpson Co. Ltd., Stock Pref.
" " Common. .
Dom . of Canada War Loan
$ eta.
200,000 00
50,000 00
5,550 00
$ cts.
150,000 00
75,000 00
5,328 00
None.
None.
25,690 93
255,550 00
230,328 00
13 94
33 02
450 00
Manufacturers Life Staff Vic-
46 96
Manufacturers Life
771 26
2,447 26
427 50
C. S. V. Branch
No collateral released.
A. E. Rea&Co., 5 p.c, 1931
Sault au Recollet, 5 p.c, 1962
271 61
125,000 00
35,500 00
3,750 00
334,000 00
50,000 00
75,000 00
S. andC. L. Carsley
293,920 00
47,500 00
52,500 00
by (Estate D. Derbyshire,
guarantor).
Travellers Life Staff
Dom. of Canada War Loan.
164,521 61
459,000 00
393,920 00
Travellers Life
2,318 72
50,000 00
70,000 00
142,000 00
I.O.F
47,200 00
18,337 50
191 62
157 40
5,767 68
142,000 00
50,000 00
National Ice and Coal Co . . .
H. H. Beck
None.
Deed to 65, 67, 69 Dey St., New York
Mortgages to Balance
Du Vemet S>Tidicate
New York City District
70,000 00
142,000 00
213,654 20
262,000 00
262,000 00
ABSTRACT OF STATEMENTS
225
SESSIONAL PAPER No. 9
Statement showing the Movement of Securities of Canadian Life and Assessment Companiea
for the six months ended June 30, 1920 — Continued
MORTGAGE LOANS
Company
Made
Repaid
Balance,
June 30. 1920
Canada
Capital
Commercial
Confederation
Continental
Crown :
Dominion
Excelsior
Great West
Imperial
London
Manufacturers
Monarch
Mutual
National
North American
Northern
Saskatchewan
La Sauvegarde
Security
Sovereign
Sun
Travellers
Western-
Alliance Nationale
A.O.F
Artisans
C. M. B. A
Commercial Travellers.
LO.F
Royal Guardians
Woodmen . . . *
4,045,
4,
019 67
100 00
$ cts
1,430,148 57
413
23
4
316
168
2,156
284
541
1,681
66
1,623
305 41
611 65
485 75
954 29
046 45
415 68
672 30
030 06
655 14
903 77
192 90
413,200 74
39, 187 50
19,326 65
192,267 81
144,242 34
1,187,791 61
293,646 93
353,929 76
426,371 82
16,626 08
731,533 90
179
94
15
49
3
31
723
10,
,442 05
,412 77
,632 80
506 00
433 00
002 35
811 70
000 00
8,287 65
222,537 89
144,623 31
8,811 72
1,600 00
2,007 42
38,524 26
414,902 79
15,000 00
1,709 92
55,756 15
23,768,
70,
12,
5,173,
508,
359,
2,603,
2,421,
17,371,
4,857,
3,134,
11,015,
422,
14,722,
cts.
494 23
600 00
891 18
113 68
270 17
929 08
669 27
791 92
894 32
983 53
538 19
998 49
296 30
881 33
4,313,399 92
1,099,381 76
78,569 28
160,476 73
11,738 17
455,590 63
7,159,670 07
46,200 00
11,097 95
2.602,522 39
40,000 00
250,
716 72
700 00
12,745,338 11
5,479 21
2,000 00
364,458 75
2,000 00
27,322 50
6,555,007 63
740,635 36
94,500 00
31,490 00
3,431,196 38
148,508 30
224,882 84
107,054,211 47
9—15
226
DEPA U'lMKX r OF I SS I RA \( 7i'
11 GEORGE V, A. 1921
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ABSTRACT OF STATEMENTS
227
SESSIONAL PAPER No. 9
Statemknts made by Canadian Trustees of Foreign Companies showing the Movement of
Securities held by them in trust for the respective Companies for
the six months ended June 30, 1920.
BONDS AND DEBENTURES RECEIVED
Company
Description of Security.
Par
value
Market
value
London and Scottish
New York Life. .
Phoenix Assurance. .
Travelers Insurance.
Municipal securities, 4^ p.c.
" 5 p.c...
School District debs., 4 p.c.
'■ ■■ 0 p.c.
Municipal securities, 4' p.c
Doni. of Canada Loan, oh P-c.
Doni. of Canada War Ixian, 51 p.c.
Prov. of Ontario, 6 p.c
S cts.
73,470 53
15,000 00
17,000 00
24,000,00
$ cts.
64.276 81
12.900 00
14,620 00
20,550 00
129,470 53
112,346 81
322,000 00
299,460 00
45.000 00
45,000 00
867,000 00
200.000 00
867,000 00
200,000 00
1,067,000 00
1,067,000 00
BONDS, DEBENTURES .\ND STOCKS RELE.\SED
London and Scottish .
Metropolitan.
New York Life
Standard
Travelers.
Municipal securities, 4^ p.c
5 p.c
School Di.strict debs., 4s p.c
International and Great Northern Ry., 7 p.c. .
Imperial Rolling Stock, 4-i p.c
C. N. R. Equipment Trust Certificates, 4? p.c
Globe Realty Corp. Ltd., 4i p.c
Municipal securities, 4| p.c
Prov. of Manitoba, 4 p.c
Prov. of Ontario, 6 p.c
Municipal securities, 6 p.c
London St. Ry. Co., 5 p.c
Municipal securities, 4 p.c
" 4-42 p.c
" ih p.c
" 5 p.c
" 5j p.c
$ cts.
15,000 00
25,233 44
609 00
25,000 00
65,842 44
405,000 00
110,000 00
62,000 00
.577,000 00
230,000 00
10,000 00
,50,000 00
75,000 00
2,000 00
137,000 00
145.998 00
866 69
354 88
1,578 60
238 78
149,036 95
$ CIS.
15,ObO 00
24,733 44
609 00
25,000 00
65,342 44
392,850 00
110,000 00
57,040 00
559,890 00
213,900 00
8,700 00
50,000 00
74.616 00
1,900 00
135,216 00
143,078 04
866 69
354 88
1,578 60
238 78
146,116 99
MORTGAGE LOANS
Company
Made
Repaid
Balance,
June 30, 1920
London and Scott ish
$ cts.
9,000 00
None
None
4,671 90
None
None
None
$ cts.
74,030 96
37,500 00
166,795 18
101,726 84
2,500 00
None
120,997 83
$ cts.
1 467 990 97
4,236,500 00
4 394 976 26
New York
915,605 16
Standard
State
59,500 00
1 051 323 32
Travelers
f .
13,671 90
503,550 81
12,891,660 18.
9— 15i
228
DEPARTMENT OF IXSURAXCE
11 GEORGE V, A. 1921
Statement showing the Movement of Securities of Canadian Life and Assessment Companies
for the six months ended December 31, 1920
BONDS AND DEBENTURES PURCHASED
Company.
Description of Security.
Par value.
Price paid.
From or through whom
purchased.
Dominion of Canada Inscribed
Stock 3i p c 1938
$ cts.
29. 199 99
48,666 66
228,733 33
243,333 32
121,666 66
31,000 00
42,000 00
24,090 00
2,920 00
21,900 00
2,920 00
48,666 66
111,933 33
19,466 66
125,000 00
5,333 33
24,500 00
31.200 00
10,500 00
$ cU.
19,181 48
47,328 33
220,995 34
231,851 04
81,455 83
30,996 90
39,060 00
11,141 60
2,415 37
17,850 68
2,470 32
38,125 46
82,449 35
16,213 78
119,727 90
4,802 74
28,137 59
33, 196 80
11,777 14
34,555 20
Dominion Securities Corp.
United Kingdom of Great Britain
and Ireland, 5 p.c, 1922
United Kingdom of Great Britain
and Ireland 5 p c, 1923
Prov. of Ontario, 3| p.c, 1946
6 p.c, 1930
1935
Prov. of Quebec, 3 p.c, 1955
4 p.c, 1928
Prov. of Saskatchewan, 4| p.c. , 1954
Prov. of Manitoba, 4 p.c, 1928
Wood, Gundy & Co.
Dom. Securities Corp.
" "
Morrow & Jellett.
Dominion Securities Corp.
11 u
ti «
" 6 p.c
« «
School District debs., ih p.c
8 p.c
Rural Telephone Co. Debs., 8 p.c.
Accumulation of book values to-
C.H. Burgess & Co.
W. L. McKinnon & Co.
Can. National Ry., 4 p.c, 1934
(gtd. by Dom. of Canada)
Prov. of Manitoba, 4 p.c, 1950...^
Prov. of Saskatchewan, 4 p.c, 1951
4i p.c. 1954
•
1,173,029 94
1,073,732 85
43,800 00
36,500 00
15,232 66
64,483 33
73,000 00
4,866 66
61,319 66
33,945 00
25,915 00
10,597 36
47,982 04
49,092 50
3,357 99
45,926 48
616 89
Wood, Gundy & Co.
ti «
<i i<
Accumulation of book values to-
>
Dom. of Canada War Loan, 5i p.c,
1922
299,202 31
217,433 26
550 00
250 00
1,950 00
1,500 00
700 00
650 00
50 00
1,000 00
550 00
250 00
1,903 00
1,393 12
661 50
609 42
43 34
1,000 00
98 96
Dom. of Canada War Loan, 5^ p.c,
1923 ...,
Dom. of Canada Loan, 5? p.c, 1934
Dominion of Canada Savings Certs.
Prov. of Alberta, 5 p.c. Savings
J. C. Biggs & Co.
Ross Alger & Co.
" and J. C. Biggs & Co.
A. B. Klombies.
Prov. Treasurer.
Accumulation of book values to-
Dom. of Canada Loan, SJ p.c, 1934
Prov. of Alberta, 4J p.c, 1943
Prov. of Ontario, 6 p.c, 1935
Prov. of Quebec, 3 p.c, 1955
Prov. of Quebec, 4 p.c, 1928.'.'.. . . .
British Gov. War Bonds, 5 p.c,1923
Newfoundland Govt. Bonds, 3J p.c,
1947
6,650 00
6,509 34
305,000 00
7,300 00
125,000 00
166,702 80
43,362 00
15,573 33
64,531 99
24,333 33
6,326 67
14,599 99
9,733 33
4,866 67
50,000 00
33,000 00
91.021 97
305,000 00
5,377 92
116,250 00
80,017 33
19,523 60
12,882 26
60,577 83
15,439 49
3,951 73
10,974 33
7,589 07
3,581 87
47,521 80
33,543 07
85.238 09
Dom. Government.
Wood, Gundy & Co.
Wood, Gundy & Co.
Dom. Securities Corp.
Wood, Gundy & Co.
Dom. Securities Corp.
Kerr, Flemming & Co.
Wood, Gundv & Co.
" 41 p.c
Dom. Securities Corp.
" 6 p.c
Rural Telephone Co., 7i p.c
St. John Drj' Dock & Ship Build-
W. L. McKinnon & Co.
W. A. Mackenzie & Co.
961,352 08
807,468 39
ABSTRACT OF STATEMENTS
229
SESSIONAL PAPER No. 9
Statement showing the Movement of Securities of Canadian Life and Assessment Companies
for the six months ended December 31, 1920 — Continued
BONDS AND DEBENTURES PURCHASED— Coniinued.
From or through whom
Company.
Description of Security.
Par value.
Price paid.
purchased.
$ cts.
$ cts.
Continental Life
Dominion of Canada, 5J p.c, War
Loan, 1922
100 00
100 00
W. Barlow
Dom. of Canada, SJ p.c. War Loan,
1923
50 00
50 00
it
Dom. of Canada, 5 J p.c. War Loan.
1933
65,000 00
61,987 50
C. H. Burgess & Co. and
Watt & Watt.
Dom. of Canada, 5j p.c. loan, 1924
50 00
48 00
G.Burditt.
1934
100 00
96 00
C. S. Paterson.
"c «
100 00
94 00
42,257 66
N. R. Bailey.
On a/c Subscription.
C. H. Burgess & Co.
Prov. of Ontario, 6 p.c, 1935 '. .
""ioo^ooo 00
93,000 00
Prov. of Saskatchewan, 4 p.c, 1949
13,626 48
8,727 88
Macneill, Graham & Co.
Can. Northern Ry. Co., 4 p.c, 1930
24,333 33
20,468 92
Housser, Wood & Co. . .
Grand Trunk Pacific Branch Lines
Co., 4 p.c, 1939
48,600 00
37,480 32
Macneill Graham & Co.
Greater Winnipeg Water District,
6 p.c, 1940
15,000 00
13,650 00
United Financial Corp.
Dom. Securities Corp.
Municipal Debs., 5§p.c
9,000 00
7,925 40
Accumulation of book values to-
wards par
1,134 21
Newfoundland Gov't., 4 p.c. 1930
1959
287,019 89
Crown Life
9,000 00
6,000 00
6,811 20
3,544 20
Morrow & Jellett
Prov. of Manitoba, 4 p.c, 1947
2,433 30
1,663 89
A. E. Ames & Co.
" "
14,599 99
9,776 15
Kerr, Flemming & Co.
" " ....
14,600 00
9,319 17
Greenshields & Co.
1949....
973 32
657 57
A. E. Ames & Co.
" "
7,300 00
4,759 60
Bell, Gouinlock&Co.
1950...
75,433 32
47,542 17
Canada Bond Corp.
41 p.c, 1953...
5,353 03
3,905 79
Wood, Gundy & Co.
Prov. of Ontario, 4 p.c, 1939
15,000 00
11,062 50
"
• 6 p.c, 1935
25,000 00
24,562 50
W. A. Mackenzie & Co.
Prov. of Quebec, 4 p.c, 1934
27,253 33
20,681 46
Kerr, Flemming & Co.
Prov. of Saskatchewan, 4 p.c, 1949
55,480 00
35,046 25
Macneill, Graham & Co.
Canadian Northern Ry. Co., 32- p.c.
1961 (Gua. by Dominion of Can.)
27,253 33
14,994 23
W.J. Birkett & Co.
Can. Nortnern Ry. Co., 3i p.c,
1961 (Gua. by Dom. of Canada) .
48,186 12
25,550 48
Bell, Gouiniock & Co.
" "
29,200 00
16,065 84
Canada Bond Corp.
Can. Northern Ry. Co., 4 p.c, 1934
(Gua. by Dom. of Canada)
49,639 88
36,176 22
Macneill, Graham & Co.
Can. Northern Ry. Co., 4 p.c, 1930
(Gua. by Prov. of Man.)
2,920 00
2,253 07
R. C. Matthews & Co.
*'
2,433 33
1,877 56
Canada Bond Corp.
Grand Trunk Pacific, 3 p.c!, 1962! .
24,300 00
13,194 90
C. H. Burgess & Co..
4 p.c, 1962..
48,600 00
33,250 95
Greenshields & Co.
Municipal Debs., 4, p.c
48,666 66
31,725 80
Macneill, Graham & Co.
" 4? p.c
5,840 00
3,732 34
Canada Bond Corp.
" 5 p.c
24,333 33
16,442 52
6 p.c
7, 978 60
7,243 31
R. C. Matthews'* Co.
School District Debs., 5i p.c
25,000 00
20,592 50
A. E. Ames & Co.
" 6J p.c
2,400 00
2,253 14
Canada Bond Corp.
<i
16,050 00
5,000 00
15,080 33
4,836 60
Kerr, Flemming & Co.
Canada Bond Corporation.
" 7 p.c
**
3,000 00
2,882 31
Kerr, Flemming & Co,
hp.c.'.'.'.'.'..
8,500 00
8,548 11
Rural Telephone Debs., 7^ p.c
10,500 00
10,668 31
W. L. McKinnon & Co.
" 8 p.c
49,100 00
50,126 87
"
tt It
78,775 00
83,200 39
Wood, Gundy & Co.
'• >'
20,300 00
20,841 55
Kerr, Flemming & Co .
Greater Winnipeg Water District,
ii p.c, 1954
20,926 66
13,393 06
Canada Bond Corp.
Accumulation of book values to-
wards par
4,278 84
Prov. of Ontario, 6 p.c, 1935
817,329 20
618,541 68
Dominion Life
100,000 00
93,000 00
C. H. Burgess & Co.
Municipal Debs., 6i p.c
10,000 00
9,728 00
W, A. MacKenzie.
School District Debs., 7 p.c
325 00
326 00
Returned unpaid.
Accumulation of book values, to-
wards par
2,113 14
110,325 00
105,166 14
230
DEPART M EST OF /XSIRAXCE
11 GEORGE V. A. 1921
.Statement showing; the MoveiiK'iit of Sefurities of Canadian I^ifc and .\>;.se.s.-5niont Companies
for the six months ended December 31, 1920 — Continued
BONDS AND DEBENTURES PVRCHASED— Continued.
Company.
Description of Security.
Par value.
Price paid.
From or through whom
purchased.
i cts.
$ cts.
T. Eaton Life
Doni. of Canada Loan, 51 p.c, 1924
1934
Prov. of Alberta, 4 p.c, 4 p.c, 1922
1938
Prov. of Manitoba, 4 p.c, 1947
Prov. of Ontario, 6 p.c, 1935
Prov. of Quebec, 4 p.c, 1934
Prov. of Saskatchewan, 5f p.c. ,1934
6 p.c, 1940
Toronto Grev & Bruce Ry., 4 p.c,
2883. _
71,950 00
14,000 00
71,302 45
13,594 00
T. Eaton Co.. Ltd
85,950 00
84,896 45
Excelsior Life
15,573 33
11,193 .33
5.840 00
30.000 00
15.084 66
17,519 98
.50.000 00
.•{4,066 66
25,000 00
24,500 00
14,518 92
8,249 48
3.993 22
27,900 00
11,921 72
16,042 66
47,760 00
20,951 00
20,740 00
25,114 44
1,363 58
Kerr, Flemmintt & Co.
Can. Debentures Con)-
Kerr, Flemming & Co.
■• & A. E. Aniesi & C-o.
A. E. Ames & Co.
Kerr. Flemminn & C(>.
Rural Telephone Debs., 8 p.c
Accumulation ol book values to-
Doin. of Canada Victory Loan,
5J p.c, 1923
Dom. of Canada Loan, 5^ p.c, 1934
228,777 96
198,555 02
Great-West Life
8. two 00
1,000 00
7,840 00
950 00
66,305 93
Dr. P. H.Thoni
Freeman 'Balance of Xd
" 6 p.c.
35.000 00
15,000 00
18,000 00
.3*. .500 00
3,550 00
34,083 35
14,867 20
17. .396 45
34,941 81
3,694 49
vances).
School District Debs., 6 p.c
7 p.c
8 p.c
Rural Telephone Co. Debs., 7 p.c
Dom. of Canada Treasurv Bonds,
4ip.c, 1925
Prov. of Ontario, 6 p.c, 1935
Gov. of Jamaica, 4 p.c, 19.34
Municipal Debs., 4 p.c
4.t p.c
6 p.c
6 p.c
W. Ross Alger & Co.
W. L. McKinnon & Co.
180,079 23
Imperial I-ife
1,460 00
350,000 00
42,826 66
10, 166 46
78,095 40
100,000 00
15.000 00
25.000 00
50,000 00
.50.000 00
23.3fi0 00
1,359 10
325,664 39
34,885 11
7,283 61
60,773 08
95,164 14
14.066 10
24.394 62
49,. 387 .50
.52,101 37
17,955 52
7,906 61
Dom. Securities Corp.
C. H. Burwes." & Co.
" 6 p.c
6 p.c
65 p.c
A. E. .\mes & Co.
Dom. Securities Corp.
Greater V\innipeg Water District
Debs. 4i p.c, 1954
Accumulation of book values to-
wards par
Dom. of Canada, 5^ p.c, Loan, 19.34
Canadian Northern .Alberta Ry.
Co. 1st Mtge. Deb. Stock, 3^ p.c,
1960 (g'td. by Dom. of Canada)
Canadian Northern Ontario Rv.
Co. 1st Mtge. Deb. Stock, Zh p.c,
1961 (gt'd. by Dom. of Canada).
745.908 52
690,941 15
London Life
8.030 00
26,766 67
10,000 00
18.980 00
13.9.58 94
40.000 00
15,000 00
6,000 00
32,000 00
50,000 00
25,000 00
2.37,183 10
4,998 67
15,0.54 11
7,440 40
14.400 07
13.162 89
.35,011 04
14,. 5,53 90
4.948 63
29.849 92
44,153 55
22,612 07
226 73
18,979 24
Dominion 01 Canada.
Dom. Securities Corp,
A. E. Ames & Co.
5 p.c
6 p.c
" 6 p.c.
" 6 p.c
School District Debs., 5 p.c
" 6 p.c
Kerr, Flemming «S: Co.
6 p.c
W. A. MacKenzie & Co.
Board of Trustees of R.C. Separate
Scho<}ls, Toronto, 5' p.c, 1!M0
Dyment, Anderson & Co.
Accumulation of book values to-
462,574 32
ABSTRACT OF STATEMENTS
23t
SESSIONAL PAPER No. 9
Statement showing the Movement of Securities of Canadian Life and Assessment Companies
for the Six Months ended December 31 1920 — Contiimed
BONDS AND DEBENTURES PURCHASED— Conanwerf.
Company.
Description of Security.
Par value.
Price paid.
From or through whom
purchased.
Manufacturers Life.
Monarch Life.
Mutual Life.
National Life.
Dom. of Canada, hK p.c. Loan, 1934
British Gov. .5 p.c. War Loan, 1947
Municipal Debs 6 p.c.
Accumulation of book values to-
ward.s par
Dom. of Canada Victory Loan
Bonds
Canadian Northern Western Ry.
4ip.c.,1942
1943
Canadian Northern Rv., 4 p.c,
1934 Deb. Stock (g'td. by Dom.)
Municipal Debs., 4^ p.c
" 5 p.c
(> p.c
Sp.c
School District Deljs., 7 p.c
1\ p.c
Sp.c
Sp.c
Rural Telephone Co. Debs., 8 p.c.
8 p.c.
8 p.c
Accumulation of book values to
wards p;ir
Dom. of Canada Loan, h\ p.c, 19.34
Prov. of Manitoba, 4 p.c, 1947
Prov. of Saskatchewan Reg. Stock
4^ p.c, 1954
Prov. of Saskatchewan, 6 p.c, 1940
Municipal Debs., 4 p.c .
" 4 p.c
4 p.c
ih p.c
.5i p.c
" 6 p.c
6p.c
School District Deljs., 65 p.c
7 p.c
8 p.c
Sp.c
8 p.c
Sp.c ..
Rural Telephone Co. Debs., 7 p.c
Sp.c
Rural Telephone Co. Debs., 8 p.c.
8pc.
Hydro-Electric Power Comm., 4
p.c, 1957 (g'td. by Prov. of
Ontario)
Accumulation of book values to-
wards par
Prov. of Manitoba Reg. Stock, 4'
p c 1953
Prov.'of Ontario! 6 p.c, 1935' ..W.
1935
Prov. of Prince Edward Island,
4 p.c, 19.39
Prov. of Quebec 4 p.c, 1928
Prov. of Saskatchewan, 4 p.c, 1949
1949
77,866 67
34,166 67
77,866 66
2,678 60
3,200 00
14.600 00
1,460 00
1,703 .33
15,573 31
26,766 53
2,000 00
5,1.50 00
55,200 00
1,000 00
.54,525 00
12,900 00
9,200 00
8,1.50 00
7, ,500 00
218,928 17
825,000 00
5,000 00
25,000 00
12,896 49
426,000 00
31,146 66
486 66
111,932 66
14,984 26
41,490 40
200,000 00
25,000 00
9,7.50 00
7.000 00
15,200 00
16,000 00
35,000 00
6,700 00
17,964 22
287,. 3.58 94
284,350 00
2,767 86
n 1,000 00
3,112,028 15
12,166 66
5,000 00
8,500 00
25,000 00
8,273 33
24,333 33
9,733 33
$ cts.
300,000 00
67,085 24
28,635 92
64,898 61
2,678 60
7,949 84
3,008 98
10,767 50
1,069 45
206,249 64
825,000 00
4,9.50 00
IS,. 3.55 00
9
429
19
78
10
35
190
24
9
6
15
16
36
6,
17
294.
499,8.33 00
6,781 28
2,852,096 04
8,640 76
5,000 00
8,096 25
18,547 .50
6,843 70
15,573 33
6,277 02
Dominion Government.
Kerr, Flemming & Co.
Dom. Securities Corp.
Wood, Gundy & Co. and
Dom . Securities Corp-
Consolidated City Deb.
Arrears.
Various.
Allan Killam & McKay.
W. R. Alger & Co.
W. L. McKinnon & Co.
W. R. Alger & Co.
W. S. Spencer.
W. L. McKinnon. & Co.
Lenora Lake It.T. Co.
Na.v it .laiHCH.
Dom. Gov't.
.\lberta College.
Kerr, Flemming & Co.
44 A. E. Ames & Co.
80 Wood, Gundy & Co.
76 Kerr, Flemming & Co.
20 A. E. Ames & Co.
01 Macneill, Graham & Co.
02 A. E. Ames & Co.
49 Canada Bond Corp.
.50 A. E. Ames & Co.
00 Harris, Forbes & Co.
03 Kerr, Flemming & Co.
60 Canada Bond Corp.
60 C. H. Burgess & Co.
45 Kerr, Flemming & Co.
81 Canada Bond Corp.
00 Nickle Bros.
63 W. L. McKinnon & Co.
90
82 Kerr, Flemming & Co.
70 Wood, Gundy & Co.
R. C. Matthews & Co.
Macneill Graham & Co'.
United Financial Corp.
Housser, Wood & Co.
United Financial Corp.
Kerr, Flemming & Co.
Truax Higgins & Co.
Macneill, Graham & Co.
232
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
Statement Showing the Movement of Securities of Canadian Life and Assessment Companie^
for the Six Months ended December 31, 1920 — Continued
BONDS AND DEBENTURES PURCHASED— Conlinued.
Company.
Description of Security.
Par value.
Price paid.
From or through whom
purchased.
National Life — Con
Prov. of Saskatchewan Reg. Stock,
4p.c., 1951
S cts.
29,199 63
14,600 00
9,733 33
17,033 33
60.832 50
24,333 33
20.000 00
17,033 33
1,000 00
54,500 66
4,083 95
4,866 66
5,2.56 00
24,405 33
19,000 00
3,406 66
7,433 33
5,000 00
1,000 00
4,489 36
9,560 54
15,000 00
5,769 43
4,446 23
18.321 13
9,337 75
44,689 71
7,258 12
6,941 87
2,408 77
455 34
5,000 00
5,000 00
7,000 00
5,000 00
19,000 00
t cts.
20,445 56
9,435 98
9,084 12
10,392 67
34,863 10
14,485 63
14,622 00
13,592 55
745 13
35,172 61
3,516 82
3,576 28
3,867 88
17,171 32
13,759 80
2,328 45
6,016 46
3,475 85
820 10
3,372 57
8.684 01
11.956 50
5,234 98
4,002 02
17,336 11
9,337 75
43,382 26
6,979 41
6.544 04
2,369 98
455 34
4,122 70
4,575 00
6.545 70
4,790 50
13,148 00
9,862 01
Prov. of Saskatchewan, 5| p.c.,1934
Gov. of Newfoundland, 3J p.c, 1951
Canadian Northern Ry., 3J p.c,
1961 (g'td. by Dom. of Canada)
Canadian Northera Ontario Ry.
Reg. Stock 3i p.c, 1961 (g'td. by
Macneill, Graham & Co.
Bell GouinJock Co.
Kerr, Flemming <fe Co.
HouBser, Wood & Co.
Canada Bond Corp.
Housser, Wood & Co.
Dom. Securities Corp.
Canada Bond Corp.
Southampton Ry., 4 p.c, 1942
(g'td. by Prov. of N.B.)
Dom. Securities Corp.
" 4 p.c
" 4 p.c
" 4 p.c
" 4 p.c
United Financial Corp.
" 4ip.c
5'p.c '.
Brent, Noxon & Co.
" 6 p.c
C. H. Burgess & Co.
" 6 p.c
R. C. Matthews & Co.
" 6 p.c
" 6 p.c
" 6^ p.c
A. E. Ames& Co.
4ip.c
School District Debs., 5J p.c
City of Toronto R.C. Schools, 5|
p.c, 1940..
1920.
A. E. Ames & Co.
St. John Dr>- Dock & Shipbuilding
' Co., Ltd., oi p.c, 1945 (g'td. by
Dom . of Canada . ) .. .
W. A. MacKenzie <fc Co.
Greater Winnipeg Water District
6 p.c, 1940.
R. C. JIatthews & Co.
Hydro-Electric Power Comm., 4
p.c, 1957 fg'td by Ont.)
Accumulation of book values to-
wards par
Dom. of Canada Loan, 51 p.c, 1934
Prov. of Saskatchewan, 6 p.c, 1940
Canadian Northern Western Reg.
Stock (gtd. by Prov. of Alberta),
4ip.c., 1942
585,408 94
449,049 75
North American Life
262,500 00
50,000 00
36,500 00
36,936 00
4,866 67
18,493 33
5,000 00
38,000 00
18,611 87
25,000 00
262,500 00
47,760 00
28,816 75
28,403 78
3,942 00
14,180 68
4,580 50
37,220 66
18,423 89
23,782 50
Union Bank.
T. S. G. Pepler & Co.
Macneill, Graham & Co.
Grand Trunk Pacific Ry., 4 p.c,
1939 (g'td. by Prov. of Saak.)... .
Canada Bond Corp.
" 6 p.c.
C. H. Burgess & Co.
" 6 p.c
Canada Bond Corp.
" 6 p.c
Dom. of Canada War Loan, 5j p.c,
1922
Dom. of Canada, Victory Loan, 5J
p.c, 1923
Harris, Forbes & Co.
495,907 87
469,610 76
Northern Life
100 00
200 00
98 50
194 00
60,000 00
184 00
200 00
99 50
Policyholders.
R. Marsh.
Dom. of Canada Loan, 55 p.c, 1934
Wood, Gundy & Co.,
200 00
200 00
100 00
Balance of Subscription.
Policyholders.
"
Imperial Oil, Ltd.
1924
Policyholders.
ABSTRACT OF STATEMENTS
233
SESSIONAL PAPER No. 9
Statement showing the Movement of Securities of Canadian Life and Assessment Companies
for the six Months ended December 31, 1920 — Continued.
BONDS AND DEBENTURES PURCHASED— Cow/muei.
Companj-.
Description of Security.
Par value.
Price paid.
From or through whom
purchased.
Northern Life— Con.
Saskatchewan Life.
La Sauvegarde Life.
Security Life .
Sovereign Life.,
Sun Life.
Municipal Debs., 4i p.c
Grand Trunk Pacific Ry., 4 p.c.
1939
Abitibi Power & Paper Co., Ltd.
6 p.c, 1940
Drummond Apt. Bldgs., 6| p.c.
1927
Accumulation of book values to-
wards par
Dom. of Canada War Loan, 5| p.c,
1922
Dom. of Canada Victory Loan, 5j
p.c, 1923
Dom. of Canada Loan, 5j p.c, 1924
Municipal Debs. , 5 p.c
School District Debs., 8 p.c
" 8 p.c
Rural Telephone Co. Debs., 8 p.c.
Accumulation of book values to
wards par
Dom. of Canada Victory Loan, 5
p.c, 1923
Dom. of Canada Loan, h\ p.c, 1934
Canadian Northern Ry., 4 p.c, 1934
Dominion Iron & Steel, 5 p.c, 1939
Montreal Tramways, 5 p.c, 1941.
Montreal Water & Power Co., 4^
p.c, 1932
Accumulation of book values to-
wards par
Dom. of Canada War Loan, 5^ p.c,
1922
Dom. of Canada Victory Loan, 5^
p.c, 1923
Dom. of Canada Loan, 5i p.c, 1924
1934
Accumulation of book values to-
wards par
Dom. of Canada Victory Loan,
51 p.c, 1923
1933
Dom. of Canada Loan, 5§ p.c, 1934
Canadian Northern Western Ry.
Co. 1st Mtge., 4? p.c. (gtd. by
Prov. of Alta.)
Municipal Debs., 4 p.c
Rural Telephone Co. Debs., 71 p.c.
8 p.c.
Accumulation of book values to-
wards par
Dom. of Canada, 3 p.c, 1S38
Z\ p.c, 1938
Dom. of Canada War Loan, 5 p.c,
1925
I cts.
25,000 00
34,020 00
57,000 00
9,000 00
50 00
150 00
100 00
2,433 33
3,000 00
25,000 00
1,846 78
32,580 11
100 00
1,000 00
48,666 66
32,606 64
5,000 00
5,839 99
93,213 29
500 00
500 00
100 00
500 00
12,000 00
13,600 00
950 00
1,000 00
700 00
5,440 93
8,760 00
9,800 00
51,600 00
78,250 93
44,000 00
68,640 00
$ cts.
10,000 00
26,368 90
49,590 00
8,550 00
1,912 04
157,196 94
50 00
146 00
94 00
1,654 82
2,940 00
25,000 00
1,846 78
108 88
.31,840 48
100 00
930 00
36,319 93
22,775
4,025 00
4,263 20
6,806 28
75,220 40
500 00
500 00
100 00
500 00
11,125 00
556 89
13,281 89
950 00
1,000 00
665 00
4,998 58
6,168 90
9,953 96
51,851 59
307 69
75,895 72
28,650 71
46,607 59
Canada BondjCorp. Pay-
ment on account.
Wood, Gundy & Co.
Royal Securities Corp.
Policyholder.
Policyholders.
Policyholder.
Nay & James.
F. Rooney & Co.
Direct.
Nay & James.
Le Placement National.
C. C. Smith & Co.
C. C. Smith & Co. and Atlas
Bond & Sec. Corp.
Atlas Bond & Security Corp.
C. C. Smith & Co.
Thos. Wardle.
Thos. McCutcheon.
Thos. Wardle.
A. E. Ames & Co.
Policy & Agency Acct.
Mortgage Account.
Policy & Staff Acct.
W. L. McKinnon & Co.
W. B. Stirling.
W, L. McKinnon & Co.
Buckmaster & Moore.
W. J. O'Hara & Buckmaster
& Moore.
1,020 25 Rec'd. in exch. for St. John
Ry. Co. Bonds.
234
DI'.I'Mn'MI'.ST Oh' fXSfRAXf'E
11 GEORGE V, A. 1921
Statemknt sliowing the Movement of Seeurities of Canadian Life and Asse^sinent Companies
for the Six Months ended December 31, 1920 — Continued.
BONDS AND DEBENTURES PURCHASED-Con/»n«erf.
From or through whom
C'oinpany.
Description of Security.
Par value.
Price paid.
purchased
$ cts.
$ cts.
Sun Life— Conlintieti
Doni. of Canada Loan, 5i p.c, 1934
200 00
186 00
2,614,410 09
16,790 00
H. P. Bickley.
In.'ttalment.s on Subscription,
Prov. of Manitoba, 45 p.c, 1953. . .
24,. 333 33
Trua.T Higgins & Co.
Prov. of Quebec, 3 p.c. 1937
22,000 00
13.951 72
Buckmaster & Moore.
1955
85,726 08
.38,576 72
Wood, Gundy & Co.
Prov. of Saskatchewan, 5f p.c
1924/34
4,866 66
4,282 66
.\tlas Bond <k .Securitj' Corp.
Govt, of Newfoundland, 3j p.c. 1941
18.920 00
11,9.58 12
Lovell & Co. & W.
O'Hara & Co.
1947
13,200 00
7,809 10
W. J.O'Hara&Co.
1948
2,640 00
1.542 07
1951
440 00
251 15
4 p.c, 1936
47,960 00
33,705 50
Lovell & Co.
Govt. ofTrinidadife Tobago, 6 p.c
1930/49
15,048 00
15,048 00
Roval Bank of Canada,
Trinidad.
Govt, of Prench Republic, (i p.c,
Perpetual
180,000 00
180,000 00
.Minister of Finance, France.
" 8 p.c, 1945
8,000 00
8,832 38
National City Co.
Govt, of Bombay, 6* p.c, 1935,
147,000 00
147.000 00
Bank of Bombay.
Govt, of India War Loan, 5 p.c,
1945/55
24.500 00
22 781 57
Mant & Critchley, Bombay.
National Bank of India.
6 p.c, 1930..
269,' 500 00
269!. 500 00
^
Govt, of .Argentine, 5 p.c, 1944.
(Internal Gold Loan)
89,400 00
.56,011 69
National City Co. and Buck-
master & Moore.
Govt, of Argentine, 5 p.c, 1945. .
37,947 00
25,262 42
Buckmaster <t Moore.
Municipal Debs, 4 p.c
4,298 80
3.004 72
W. J. O'Hara & Pawle & Co._
4 p.c
101 20
7! 42
Pawle & Co.
4 p.c
9.. 344 52
6.286 57
W.J. o'Hara&Co.
i p.c
30,360 00
21,871 03
W. J. O'Hara & Co. &
Lovell & Co.
4 p.c
27.720 00
17,181 12
Lovell & Co
" 4 p.c
10L640 00
65 1923 84
Hick.H & Webber & W. J.
O'Hara & Co.
4 p.c
26,425 99
17,413 45
Buckma.ster & Moore, Hick.s
& Webber, O'Hara & Co.
■^4', p.c
57.200 00
39,646 26
Buckmaster & Moore.
45 p.c
8,800 00
6,822 24
H. Pawle* Co.
45 p.c
8,800 00
5,997 53
Lovell & Co.
4j p.c
10,070 00
7,241 04
W. J. O'Hara & Co.
0 p.c.
22.000 00
14! 832 87
Lovell t& Co.
6 p.c
.50'.41O 95
46,530 IS
United Financial Corp.
.Atlantic and .North Western R^-.,
5 p.c, 1937 (leased to C.P.R.)
138,160 00
108,740 09
Buckmaster & Moore.
Can. Nor. Ont. Ry., 3i p.c, 193S
-*
(gtd. by Prov. of Ont.)
12,760 00
8,206 79
W. J, O'Hara & Buckma-ster
& Moore.
Can. Nor. Ont. Rv., 3i p.c, 1961
(Dom.Gtd.).. .
44.440 00
33,215 79
.. i(
Can. Nor. Rv.. 4 p.c. 1939 (Gtd.
by Sask.) .
27,720 00
18,164 89
W. J. O.IIara & Co.
Can. Nor. Ry., 4 p.c. 1939 (Gtd.
by Alta.)
14,080 00
9, 180 03
Can. Nor. Ry., 3 p.c, 1953 (Gtd.
•
by Dom.)
30,800 00
16,139 18
W.J. O'Hara & Pawle & Co.
Can. Pac Ry. (AlgoraaBr.), 5p.c.,
1937
34,760 00
28,224 84
Bupkmaster & Moore.
Dominion Atlantic Rv., 4 p.c, 1944
(leased to C.P.R.)
16,280 00
10,281 .54
Lovell & Co.
Queen \ictoria Niagara Falla Park,
4 p.c, 1927 (Gtd. bv Prov. of
Ont.)
8,848 23
7,471 84
W. J. O'Hara it Co.
Vancouver & Districts' Joint
Sewerage & Drainage Board, 4^
P.O.. 19,54 (Gtd. by Prov. of B.C.)
145,200 00
97,934 23
Hicks ct Webber & W. J.
O'Hara & Co.
City of Osaka (Japan)
92,578 20
78,871 24
,Sale <t Frazcr.
Caja de Credito Hipotecario. 8 p.c
57,000 00
56,623 26
].A. .Sanchez & Bernstein.
**
19.000 00
17.428 98
J. A. Sanchez & F. W. G.
Hale.
Banco Hipotecario de Chile, 8 p.c.
1,710 00
1,611 68
To replace bonds redeemed.
Abitibi Power & Paper Co., 6 p.c,
1910
450 000 00
380,260 00
Royal Securities Corp.
Bioomington & Normal Ry. «!!:
Lt. Co., 8 p.c, 1925
93,000 00
88,3.50 00
[llinois Traction Co.
Canada Steamship' Linet>, 5 p.c,
1943
1,216 66
892 55
Buckmaster & Moore.
A MSTRA CT OF ST A TE MEM'S
235
SESSIONAL PAPER No. 9
Statement showing the Movement of Securities of Canadian Life and Assessment Companies
for the six months ended December 31, 1920 — Continued.
BONDS AND DEBENTURES PURCHASED— Con/m«prf.
From or through whom
Company.
Description of Security.
Par value.
Price paid .
purchased.
S cts.
•S cts.
Sim Tjife , — Continued
Can. Nor. Ry. Co., 4 p.c, 1934
(Gtd. by Dominion)
45,746 65
34,075 28
Atlas Bond <fe Security
Corp., C. C. Smith Co.
Can. Nor. Pac. Rv., 4 p.c, 19.50
(Gtd. by B. C.)
36,499 95
20,750 88
O'Hara & Co., Truax, Hig-
gins Co., Atlas Bond and
Security Corp.
Can. Nor. Pac. Ry., 4^ p.c, 1950
(Gtd. by B.C.)
1,4.59 99
1,224 30
Buckmaster &. Moore .
Compania Agricola Carabayllo
(Peru), 7 p.c, 19.35
30.000 00
29,979 45
W. R. Grace & Co., Lim.a.
Danville Champaign^ & Decatur
Ry. & Light Co.. 8 p.c. 1925..
222,000 00
210,900 00
Illinois Traction Co.
Des Moines & Central Iowa Elec-
tric Co., 8 p.c, 1P25
88,000 00
83,600 00
Essex Border Utilities Commission
6 p.c, 1944 to 1948
31,000 00
27,017 86
X. E. Ames & Co.
Grand Trunk Pacific Ry. (Lake
Superior Division) leased Dom.
of Can., 4 p.c, 1955
3,402 00
1,922 13
Truax Higgins Co.
Grand Trunk Pacific Ry. (Prairie
Section), 4 p.c, 19.55
4,860 00
2,745 90
C. C. Smith & Co.
Grand Trunk Pacific Ry. (Moun-
tain Section), 4 p.c, 1955
28,188 00
15,926 22
C. C. Smith & Co., Truax
Higgins Co.
Indiana Service Corp., 5 p.c, 1950
67,. 500 00
1 47.2.50 00
Rec in exch. for $135,000 Ft.
Wayne & Wabash Valley
Ten. Co. bonds.
" 3to6p.c.,2020
67,. 500 00
J
" "
(Adjust .Mtge bonds):
Levis Co. Ry., Receivers' Certs.,
7 p.c, 1921
80,000 00
80,000 00
National Trust Co.
.Madison Co.. Lt. & Power Co.. 8
p.c, 1925
38,000 00
36,100 00
Illinois Traction Co.
Montreal Abattoirs Ltd., 7 p.c.
1939
75,000 00
67,. 500 00
.Montreal .Abattoirs, Ltd.
.Montreal Water & Power Co.. 4^
p.c, 19.32
11,193 .34
6,606 57
O'Hara & Co., Crooke <& Co
Pacific Gt. Eastern Rv. (Gtd. by
B.C.),4^p.c,, 1942
21,651 77
15,336 94
O'Hara & Co.
Porto Rico Rys. Co., 5 p.c, 19.36
1.000 00
770 00
H. B. Robinson & Co.
Price Bros. & Co., 5 p.c, 1940
5,840 00
4,818 00
Quincy Rly. Co., 8 p.c, 1925
,52,000 00
49,400 00
Illinois Traction Co.
St. Louis, Springfield & Peoria
R.R. (1st Mtge.), 5 p.c, 1939 .
1,070,000 00
908,7.54 74
R^ec. in e.\ch. for like amt.
Gen. Mtg. Bonds from
Illinois Traction Cempany
Toronto Paper Mfg. Co., 6 p.c, 1942
1,000 00
910 00
H. B. Robinson & Co.
Topeka Ry. & Ligfit Co., 8 p.c.
1925
32,000 00
30,400 00
Illinois Traction Co.
Commission paid on bonds pre-
viously purchased
46
Accumulation of book values to-
wards par .......
49,420 12
6,484,005 79
Travellers Life
Prov. of Ontario, 6 p.c, 19.35
15,000 00
5,000 00
14.151 00
4,050 00
Dom. Securities Corp.
Harris Forbes & Co.
Can. Nor. Ont. Ry. Deb. Stock.
31 p.c, 1961 (gtd. by Dom. of
Canada
97,3.32 00
10,000 00
54,797 92
9,717 00
Greenshield & Co.
Municipal Debs., 6 p.c
Harris. Forbes & Co.
.\ccumulation of book values to-
wards par
566 49
127,332 00
83,882 41
Western Life
Municipal Debs., 6 p.c
5,444 18
9,000 00
4,842 35
9,137 43
E. Brown & C'o.
School District Debs., 8 p.c
W. Ross Alger & Co.
14,444 18
13,979 78
236
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
Statement ehowing the Movement of Securities of Canadian Life and Assessment Companies
for the six months ended December 31, 1920 — Continued.
BONDS AND DEBENTURES PVRCUAiiED— Continued.
Company.
Description of Security.
Par value.
Price paid.
From or through whom
purchased.
Alliance Nationale
Dom. of Canada Victory Loan,
5J p.c, 1933
$ cts.
25,000 00
32,000 00
31,000 00
34,533 33
35,000 00
} cts.
25,000 00
29,760 00
28,566 25
27,568 69
31,158 21
Bangue d'Hochelaga.
The National City Co.
L. G. Beaubien & Co.
Dom. of Canada Loan, 5J p.c, 1934
Municipal Debs., 5 p.c
School of Leon de Westmount, 6§
p.c, 1960
Sch of Sf T.ftnn do. Wmat
Municipal Debs., 5 p.c
mount.
157,533 33
142,053 15
A.O.F
4.604 99
19,882 32
3,000 00
10,000 00
320 00
4,287 21
19,580 52
3,000 00
9,075 00
320 00
368 16
C. H. Burgess & Co.
" 6 p.c
" 6Jp.c
i<
R.C. Separate Sch., Toronto, Si
p.c, 1940
Dyment Anderson & Co.
Returned coupons.
Municipal Debs
.
Accumulation of book values to-
wards par
Grand Trunk Pacific Ry., 4 p.c,
1939
1962
Municipal Debs., 3^ p.c
37,807 31
36,630 89
Lee Artisans. .
972 00
1.944 00
5,840 00
12,896 63
14,600 00
320,226 59
7,786 66
16,741 33
21,000 00
14,113 26
78,373 28
4,866 66
5,000 00
102,200 00
801 41
1,469 66
4,139 39
10,686 45
11,509 18
258,006 95
5,928 43
12,241 65
16,279 20
12,571 65
68,027 60
4,866 66
4,800 00
99,334 19
Est. B. M. O'Turgeon.
D. W. & A E Brunet
" 4 p.c
Dom. Securities Corp.
D. W & A E Brunet
4Jp.c
" 4|p.c
4§ p.c
United Financial Corp.
Dom. Securities Corp.
" 4|p.c
" 5 p.c
D. W. & A. E. Brunet
" 5 p.c...
" 6 p.c
School Commissioners, City of
Grand Mere, Que., 6 p.c
Rene T. Leclerc.
Dominion of Canada Loan, 5i p.c,
1934
Municipal Debs., 4 p.c
606,560 41
510.662 42
C. M. B.A
10,000 00
10,000 00
29,000 00
25,000 00
20,000 00
20,000 00
9,518 49
9,530 55
22,084 14
23,286 70
19,133 56
18,819 72
345 13
Ignited Financial Corp.
Capital Trusts Corp.
H. B. Robinson & Co.
" 6 p.c
Bond & Debenture Corp .
Wood, Gundy & Co
Essex Border Utilities Commis-
sion, 6 p.c
A. E. Ames & Co.
Accumulation of book values to-
wards par
Accumulation of book values to-
wards par
114,000 00
102,718 29
Commercial Travellers .
204 00
Dom. of Canada Loan, 5J p.c, 1934
Prov. of Ont. Annuities, 4 p.c, 1944
Municipal Debs., 5J p.c
I.O.F
135,000 00
135,000 00
1,388 26
24,708 30
23,880 00
17 04
80,875 45
34,200 00
349,000 00
7,500 00
Dom. Govt.
30,000 00
25,000 00
" 6 p.c
Michigan United Rya. Co., Ist
Ref., 5 p.c, 1936
125,000 00
36,000 00
349,000 00
Windsor, Essex & Lake Shore Rapid
Ry. Equip. Trust Certfs., 6 p.c,
1930 to 36
Bank.
Andrews Manufacturing Co., Ist
Mtge.,6p.c., 1933
Cutler Mail Chute Co. (Maine),
Coll. Trust, 6 p.c, 1924
Exchange.
Company Reorganization.
ABSTRACT OF STATEMENTS
237
SESSIONAL PAPER No. 9
Statement showing the Movement of Securities of Canadian Life and Assessment Companies
for the six months ended December 31, 1920 — Continued.
BONDS AND DEBENTURES PURCHASED— Conciwdei.
Company.
Description of Security.
Par value.
Price paid.
From or through whom
• purchased.
I.O.F.— Con
Cutler Mail Chute Co. ^Delaware)
Coll. Trust Sinking Fund, 5 and
6p.c., 1936
New York Steam Co. Certfs. of
Indebtness, 6 p.c, 1921
$ ots.
280,000 00
50,000 00
6,000 00
12,000 00
$ ots.
279,750 00
49,500 00
6,000 00
11,400 00
.
Company reorganization.
Guaranty Trust Co , N.Y.
" " 7 p.c...
Union Water Development Co.
(Nevada) Coll. Trust, 7 p.c, 1936
Municipal Debs., 5 p.c
" 6 p.c
N.Y. Steam Co.
Company.
1,003,219 05
Royal Guardians
5,000 00
11,000 00
5,000 00
4,034 00
10,633 70
4,375 00
Dom. Securities Corp.
Abitibi Power & Paper Gen. Mtg.
Bds.. 6p.c., 1940
Bl '
Dom. of Canada Loan, 5^ p.c, 1934
Prov. of Ontario, 6 p.c, 1930
Hydro Electric Power Comm.,
4 p.c, 1957 (gt'd by Ont.)
Accumulation of book values to-
Royal Securities Corp.
21,000 00
19,042 70
Woodmen of the World
10,000 00
25,000 00
9,000 00
9,415 21
25,267 06
6,241 04
467 30
Wood, Gundy & Co.
R. C. Matthews & Co.
44,000 00
■ 41,390 61
238
DEl'AliTMKXr OF IXSrUAME
11 GEORGE V, A. 1921
(Statement showing the Movcuit-nt of Securities of Canadian Life and Assessment Cojnpanies
for the six months ended December 31, 1920 — Continued
STOCKS PURCHASED.
Dividends
,
Company.
Description of Stock.s.
paid in
Par
Value.
Price
Paid.
From or through
whom purchased.
1917
1918
1919
$ cts.
% cts.
^'riDiidii Irfif*'
Bank of Hamilton
12
10
12
10
12
10
3,700 00
146,600 00
5,550 00
210,900 00
Direct.
National Trust Co
" (Bal. of pavts.)
Toronto General Trust Corp.
Bank of Hamilton
Bank of Hamilton
Royal Bank of Canada
Bank of Montreal
10
12
12
12
12
12
11
12
12
12
12
12
12
12
12
12
12
12
17,200 00
30,100 00
Direct.
167,500 00
255,550 00
Confederation Life
11,400 00
11,400 00
Allottment.
11,400 00
11,400 00
Manufacturers' Life
8,300 00
12,450 00
Allottment.
8,300 00
12,450 00
National Life
15,700 00
5,000 00
31,545 00
9,500 00
Royal Bank.
United Financial Corp.
Bank of Hamilton
20.700 00
41,045 00
North AinericaJ) Life
15,200 00
22,800 00
Allottment.
Toronto Gen. Trust Corp
Preferred —
10
11
12
12,800 00
22,400 00
(1st inst.).
28,000 00
45,200 00
Sun Life
Adirondack Pr. »t Lt. Corp.
114,000 00
82,600 00
Rec'd. in exch. for like
amt. pref. stock, Adir-
ondack Electric Pr.
Corp.
Bloomington <fc Normal Ry. &
Lt. Co
6
6
6
166,100 00
135,579 78
$86,000 rec'd. in exch.
for like par value ot
Dan. Cham. & Dec.
Rv. & Lt. Co. Bonds,
and S80,100 purchased
from 111. Traction Co.
Canada Cement Co
7
7
7
20,000 00
17,960 84
O'Brien & Williams.
Canadian Cottons, Ltd
6
6
6
25,000 00
19,510 72
R. Moat & Co.
Danville, Champaign & Deea-
tar Ry. <fc Lt. Co
6
6
6
3S5.000 00
323,299 S8
$270,000 rec'd. in exch.
for like par value of
Dan. Cham. & Dec.
Ry. and Lt. Co. Bonds
and $115,000 purchased
from 111. Traction Co.
Des Moines and Central Iowa
7
7
7
150,000 00
131,694 37
Rec'd. in exch. for like
.
Electric Co.
amt. Dan. Cham. &
Dec. Ry. & Lt. Co.
Bonds.
Dominion Glass Co.
7
7
7
7
10.400 00
3,600 00
9,017 71
3,180 48
O'Brien & Williams.
International Milling Co
Truax, Higgins Co.
Madison Co. Lt. & Power Co. .
7
7
7
54,000 00
47,409 97
Rec'd. in exch. for Dan.
Cham. & Dec. Ry. &
Lt. Co. Bonds for like
amount.
Montreal Abattoirs, Ltd
142,, 500 00
Rec'd. from Co. in part
exch. for Montreal
Abattoirs, Ltd., bonds
under reorganization
plan.
Ogilvie Flour Mills Co
7
7
7
14,200 00
14,304 79
McCuaig Bros.
Riordon Pulp & Paper Co
7
7
7
27,000 00
24,366 01
St. Lawrence Flour Mills Co.
7
7
I
12,300 00
11,499 12
H. C. Scott & Co.
Common —
.Adirondack Power & Light
Corp.
85,500 00
Rec'd. in exch. for .$171,
000 par value .Adiron-
dack Electric Power
Corp. Com. Stock.
I.aurentide Co. (new)
6
684,000 00
444,018 52
Rec'd. in exch. for $228,.
000 Com. Stock of the
Old Laurent ide Co.
Montreal Abattoirs, Ltd
154,000 00
I^ec'd from Montreal
Abattoirs, Ltd., under
reorganization plan.
ABSTRACT OF STATEMENTS
239
SESSIONAL PAPER No. 9
Statement showing the Movement of Securities of Canadian Life and Assessment Companies
for the six months ended December 31, 1920 — Continued
STOCKS PURCHASED— Condurffrf.
Company.
Description of Stocks.
Dividends
paid in.
Par value.
Price paid.
From or through
whom purchased.
1917
1918
1919
Sun Life. — Con
Montreal Light, Heat & Power
Co
15
•S cts.
66 67
112,500 00
50,000 00
$ cts.
160 75
Toronto General Trusts Corp.
Amount written on for nominal
book value of securities
transferred from Contingent
10
11
12
18,7.50 00
29 90
OOOStk.ofKipewaCo.
under reorganization
plan
Toronto General Trusts
Corp., 1st Inst.
Cutler Mail Chute Co.. of N. Y.
2,210,166 67
1.283,382 84
T.O.F
24,300 00
4,866 66
.50.416 67
1,050 00
Bond interest capitalized
acct. reorganization.
Special Contingent Fund
Georgia Ry. & Power
Co.
Royal Bank.
Investment Registry (London,
Eng.), Pref
Lincoln Traction Co., of Ne-
braska, Com
7
7
7
4,866 66
329,900 00
700,00
Royal Bank of Canada
Shawinigan \\'ater <fr Power
Co
12
12
7
12
335,466 66
80,633 33
Royal Guardians
2,500 00
2,756 25
Hanson & Ferguson.
2,500 00
2,756 25
240
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
Statement showing the Movement of Securities of Canadian Life and Assessment Companies
for the six months ended December 31, 1920 — Continued.
BONDS, DEBENTURES AND STOCKS SOLD OR MATURED.
Company.
Description'of Security.
Par value.
Value in
Account.
Price or
other consi-
deration
received.
To whom sold.
Canada Life.
Capital Life.
Commercial Life.
Confederation Life.
S cts.
Government Debs
Prov. of Manitoba, 6 p.c. 1928.
6 p.c, 1928.
Prov. of Saskatchewan, 5 p.c,
1932.
" 6 p.c, 1938
Prov. of Alberta, 6 p.c, 1928...
Prov. of New Brunswick, 6 p.c,
1928
1938
" 5 p.c, 1937
Prov. of Saskatchewan, 6 p.c,
1948
Municipal Debs
" 4 p.c
" 5 p.c
" 5 p.c
" 5 J p.c
School Dis~tricts Debs
Rural Telephone Co., Debs. .
Miscellaneous Debs
Winnipeg, Selkirk & L. Winnipeg
Rv., 5p.c., 1925
Toronto Ry. Co., 4^ p.c, 1921.
Ottawa Electric Ry. Co., 4 p.c,
jg22
Petrolia Utilities, 6 p.c, 1920
Western Canada Flour Mills, 6
p.c, 1931
Provincial Light, Heat & Power
Co., 5 p.c, 1946
Municipal Debs
Amortization of book values
towards par
50,000 00
50,000 00
100,000 00
100,000 00
100,000 00
50,000 00
100,000 00
19,500 00
21,800 00
10,000 00
20,000 00
10,000 00
40,000 00
31,000 00
17,033 33
6,000 00
20,000 00
25,000 00
2,000 00
S cts.
568 85
49,254 17
49,313 33
85,788 35
96,079 67
96,773 76
49,260 50
100,000 00
17,438 85
20,944 70
75,052 05
10,000 00
20,000 00
9,838 39
40,260 00
28,404 37
2,750 34
52,040 02
29,605 00
17,230 05
6,000 00
20,000 00
25,000 00
2,000 00
43,000 00
3,850 57
$ cts.
51.437 50
51,375 00
90,250 00
99,250 00
102,000 00
51,000 00
102,500 00
17.438 85
21,465 00
10,000 00
20,000 00
9,838 39
40,260 00
29,806 50
17,033 33
6,000 00
20,000 00
25,000 00
2,100 00
950,452 97
Stocks —
Imperial Bank.
194 57
194 57
100 00
194 57
194 57
Municipal Debs
School Districts Debs
United Kingdom of Gt. Britain
and Ireland, 5i p.c, 1937
Grand Trunk Pacific Rv., 4 p.c,
1962 (g'td. by Dom. of Can.)..
Municipal Debs., 5 p.c
6 p.c
Hydro Electric Power Com. (g'td
by Ont.) 4 p.c, 1957
Amortization of book values
towards par
1,070 35
350 00
100,000 00
94,770 00
28,000 00
5,000 00
10,000 00
1,045 47
349 68
111,122 16
71,646 12
21,195 45
5,055 15
7,719 00
264 82
111,122 16
71,646 12
21,195 45
5,055 15
7.719 00
239, 190 35
218,397 85
Prov. of Alberta Savings Certfs.
5 p.c
School Dist. Debs
2.000 00
75 00
2,000 00
75 00
2,000 00
75 00
2,075 00
2,075 00
2,075 00
Municipal Debs.
School Districts Debs
Ontario Govt. Debs
Dominion Realty Co., Ltd
Amortization of book values
towards par
87,067 10
30,113 35
9,367 08
858 00
4,674 83
87,211 72
30,036 90
9,566 37
858 00
4,674 83
2,549 06
87,231 01
132,080 36
134,896 88
Matured.
Dom. Securities Corp.
C. H. Burgess & Co.
Dom. Securities Corp.
A. E. Ames & Co.
Brent, Noxon & Co.
C. H. Burgess & Co.
Morrow & Jellett.
Matured.
C. H. Burgess & Co.
W. L. McKinnon & Co.
C. H. Burgess & Co.
Matured.
Dom. Securities Corp.
Redeemed.
Dom. Securities Corp.
Redeemed.
Written off during half-yr.
A. E. Ames & Co.
Matured.
Wood, Gundy & Co.
Prov. Treasurer.
Matured.
W. A. MacKenzie & Co.
Matured.
ABSTRACT OF STATEMENTS
241
SESSIONAL PAPER No. 9
Statement showing the Movement of Securities of Canadian Life and Assessment Companies
for the six months ended December 31, 1920 — -Continued.
BONDS, DEBENTURES AND STOCKS SOLD OR MATURED— Conhnaei
Company.
Continental Life.
Crown Life.
Dominion Life.
Excelsior Life.,
Description of Security.
Dominion of Canada Loan, 5j
p.c, 1934
Prov. of Ontario, 6 p.c, 1935 . .
6 P.O., 1935 .
Can. Nor. Ry. Co., 4 p.c, 1930..
London & Lake Erie Ry. &
Transportation Co
Municipal Debs., 4 p.c
4i p.c
" 5 p.c
" 5J p.c
6 p.c
.Amortization of book values
towards par
London & Lake Erie Ry. «fe
Transportation Co
Par value.
$ cts.
37,000 00
.50,000 00
50,000 00
24,3.33 33
490 96
444 13
3,521 07
200 00
318 36
Dom. of Canada Victorj' Loan,
oi p.c, 1933
Prov. of British Columbia, 5 p.c
1939
Prov. of British Columbia, 5^
p.c, 1939
Prov. of Alberta, 4 p.c, 1922.
Govt, of Newfoundland, 5i p.c,
1939
London & Lake Erie Ry. &
Transportation Co
Grand Trunk Pacific Ry. Co.
3 p.c, 1962
Ontario Power Co., 5 p.c, 1943.
Municipal Debs., 4 p.c
Municipal Debs., 5 p.c
" 5j p.c
" 51 p.c
" 6 p.c
6 p.c
School Districts Debs
Rural Telephone Co., Debs
Amortization of book values
towards par
Dom. of Canada Victory Loan,
5^ p.c, 1933
Dom. of Canada Loan, 5j p.c,
1934
" 51 p.c, 19.34
Dom. of Canada Victory Loan,
S^p.c, 1937
Municipal Debs
School District Debs
Canadian Realty Corp., Ltd. .
Montreal Tramway & Power Co.
6^ p.c, 1924
Amortization of book values
towards par
9—16
Prov. of British Columbia, 5 p.c,
1928
Prov. of Alberta, 4 p.c, 1922. . .
Prov. of .Saskatchewan, 6 p.c,
1938
Prov. of Ontario, 6 p.c, 1935; . . .
110,000 00
65.000 00
15,000 00
25,000 OO
25,000 00
15,000 00
31,000 00
15,000 00
23,. 360 00
1 , 240 00
24,300 00
5,000 00
48,666 66
615 61
500 00
10,000 00
10,000 00
244,66
3,521 OS
227 19
Value in
Account.
$ cts.
37,000 00
46,500 00
46,. 500 00
20,468 92
4,800 00
466 90
444 13
3,261 37
187 70
348 73
36 77
20,400 00
Price or
other consi-
deration
received.
To whom sold.
180,414 52
463,675 20
100,000 00
50,000 00
3,500 00
150,000 00
2,862 73
195 42
1,000 00
10,000 00
5,000 00
15,573 33
25,000 00
5,000 00
110,000 00
65,000 00
15,000 00
25,000 00
25,000 00
13,469 00
31,000 00
15.000 flO
21,792 09
33,401 87
1,240 00
13,194 90
4,933 55
31,725
490 15
486 44
9,011 25
9,350 73
271 47
3,541 69
233 89
70 78
37,000 00
47,750 00
4 7,. 500 00
20.683 .32
466 90
444 13
3,261 37
187 70
343 73
429,213 61
100,000 00
50,000 00
3,500 00
150,000 00
2,862 73
195 42
1,000 00
10,000 00
67 06
4,455 00
14,518 92
24,1.55 00
4,650 00
108,. 350 00
64,025 00
14,755 00
24,625 00
25,000 00
13,469 00
30,094 00
14,319 00
21,792 09
33,401 87
1,240 00
13,680 90
4,650 00
33,180 92
490 15
486 64
9,174 00
9,667 00
271 47
3,541 69
233 89
Macneill, Graham & Co.
Wood, Gundy & Co.
C. H. Burgess & Co.
Amt. rec'd. and credited
to principal.
Matured.
426,447 62
98,375 00
45,375 00
147,625 00
10,000 00
4,650 00
14,518 92
25,000 00
4,6.50 00
Written off.
Wood, Gundy & Co.
Dom. Securities Corp.
Canada Bond Corp.
Kerr, Flemming & Co,
W. A. MacKenzie & Co.
Wood, Gundy & Co.
Dom. Securities Corp.
Macneill, Graham & Co,
Wood, Gundy & Co.
Matured.
Macneill, Graham & Co.
H. A. Colson.
Macneill, Graham & Co.
Matured.
Canada Bond Corp.
Matured.
Wood, Gundy & Co.
Milliard Club.
Wood, Gundy & C^-
Redeemed.
W. A. MacKenzie & Co.
Kerr, Flemming & Co.
A. E. Ames & Co.
Jos. Wright.
242
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 192T
Statement Bhowing the Movement of Securities of Canadian Life and Assessment Companies
for the six months ended December 31, 1920 — Continued.
BONDS. DEBENTURES AND STOCKS SOLD OR MATVRED-Continued.
Company.
Description of Security.
Par value.
Value in
Account.
Price or
other consi-
deration
received.
To whom sold.
Excelsior Life— Con . . .
Govt, of Newfonndland, 6i p.c.
1928.
S cts.
5,000 00
780 62
30,000 00
$ cts.
5,000 00
780 62
28,638 50
$ cts.
5,225 00
780 62
28,965 00
Kerr, Flemming & Co.
Matured .
A. E. Ames & Co.
Dom. of Canada Victory Loan,
5^ P.O., 1933
Dom. of Canada Loan, 5J p.c,
1934
Dom. of Canada Victorj* Loan,
5ip.c., 1937
86,353 95
82,198 04
83,789 54
Great West Life
50,000 00
12,250 00
100,000 00
100,000 00
4,000 00
1,999 95
28,022 63
25,394 67
6,839 51
50,000 00
12,250 00
100,000 00
100,000 00
4,000 00
1,999 95
27,977 70
25,987 20
6,639 45
49,250 00
12,250 00
100,000 00
100,000 00
4,000 00
1,999 95
27,977 70
25,987 20
6,639 45
W. Ross Alger & Co.
G. W. L., Victory Loan^
Club.
Baird&Botterell.
Redeemed.
Dominion Realty Co., Ltd
School Districts Debs
Rural Telephone Co. Debs
Slocks—
Toronto General Trust
"
328,506 76
328,854 30
328,104 30
2,000 00
20,000 00
3,700 00
25,050 00
4,063 63
28, 180 93
288 52
Osier, Hammond & Nan-
ton.
Toronto General Trust
Profit on sale of rights.
Prov. of Ontario, 5^ p.c, 1929. . .
Prov. of Saskatchewan, 5 p.c,
1925
1932
Gordon, Ironside & Fares Co.,
Ltd., 6 p.c
22,000 00
28,750 00
32,533 08
50,000 00
50,000 00
50,000 00
50,000 00
50,000 00
25,000 00
29,837 10
150 00
20,490 77
1,000 00
2,200 00
48,797 03
48,797 00
47,822 61
42,929 33
50,000 00
25,000 00
29,425 15
141 30
20,490 77
2,813 70
235 64
56,971 49
15,717 77
50,350 00
50,250 00
48,875 00
45,625 00
46,000 00
26,312 50
A. E. Ames & Co.
Dom. Securities Corp.
« 11
Matured.
School District Debs
<<
Dom. of Canada Victory Loan,
5ip.c., 1923 and 1933
Imperial Life Staff.
Dom. of Canada Loan, 55 p.c,
1924 and 34 .. .
Russian Govt. & Prince Albert
Amt. written off.
Amortization of book values
389,141 79
10,000 00
27,629 78
2,128 08
1,837 43
9,709 70
26,043 94
1,976 56
1,837 43
3,878 60
202 56
9,722 61
Canada Bond Corp., Ltd.
Matured .
School Districts Debs
The Dominion Realty Co., Ltd.,
let Mtge. Bonds, 6 p.c, 1920...
5,000 00
Written down.
Amortization of book values
Dom. of Canada Loan, 5| p.c,
1934. .^^
Municipal Debs
41,595 29
43,648 79
IfMiufacturere Life
10,000 00
4.000 00
50,724 09
67,445 15
4.001 82
3,782 30
10,000 00
4.000 00
50,034 47
66,925 80
4.001 82
4,208 44
896 90
6,146 17
10,000 00
4,000 00
J. A. Tucker.
A. Darragh.
Matured.
School Districts Debs ..
"
Rural Telephone Co. Debs
"
7,149 97
M
C.P.R. Investment Fund Certfs.
6 p.c, 1924
6,760 00
Wood, Gundy & Co.
ABSTRACT OF STATEMENTS
243
SESSIONAL PAPER No. 9
Statement showing the Movement of Securities of Canadian Life and Assessment Companiea
for the six months ended December 31, 1920 — Continued.
BONDS, DEBENTURES AND STOCKS SOLD OR M AT UKET)— Continued.
Company.
Description oi Sec, ritv.
Par value.
Manufacturers Life.-
Con
Monarch Life.
Mutual I^ife
Nationa) Life.
Stocks — 1
C.P.R. Stock
Bank of Montreal Stock i
Toronto General Tr ists Cor
Bank of Haoiilton Stock.. . }
Cliicago, North Shore <& Mil-
waukee Rly I
I
Anicrtization of book values
t )wards par
•ecurities written down
Dom. of Canada Loan, Sj p.c,
1934
Dom. of Ca lada Victory BondB,
5^ p.c
Municipal Debs
School Districts Debs
Rural Telephone Co. De'bs
Amortization of book values
towards par
Dom. of Canada Loan, 5j p.c,
1934
Dom. of Canada Victory Loan,
5J p.c, 1937
United Kingdom of Great Brit
ain and Ireland, 5^ p.c, 1937...
Prov. of Saskatchewan 5 p.c.
1932
Toronto Harbour Commissioners
4J p.c. 1953
Government Debs.
Municipal Debs. . . .
R. C. Sep. School, Rainy River
School District Debe
Rural Telephone Co. Debs. . .
Dominion Realty Co., Ltd...
Sundry Debs
Amortization of book values
towards par
Dom. of Canada Loan, 5f p.c.
1934
Prov. of British Columbia, 5 p.c,
Prov. of Alberta, 4 p.c
Prov. of Saskatchewan, 6 p.c
Prov. of Nova Scotia, 5 p.c
Hydro-Electric Power Comm.,
4 p.c, (gtd. by Ont.)
Municipal Debs
School Districts Debs
Amortization of book values
towards par
9—m
100,00 00
Value in
Account.
$ cts.
1,003 80
9 32
18 75
5 64
665 55
49,279 89
.198,402 69
100,000 00
10,500 00
7,600 00
28,000 00
6,600 00
50,000 00
150,000 00
500,000 00
100,000 00
30,000 00
90,000 00
2,181 34
394,023 27
51,611 10
229 30
1,166 64
50,603 59
9,911 84
6,012 72
60,000 00
59,000 00
5,000 00
12,653 31
8,000 00
5,000 00
38,000 00
69,564 98
2,941 38
60,006 66
63,599 77
3,640 45
377,406 55
220
3j617
5,090
3,991
183 79
113,103 93
10,200 82
7,383
26,729
6,411
49,048
150,000
500,000
89,775
24,482
73,448
1,783
393,702
51,055
229
1,166
50,489
12,424
6,012
48,139
Price or
other consi-
deration
received.
$ cts.
9 32
IS 75
5 64
99,000 00
1,042 74
1,503,526 74
60,000 00
59,000 00
4,516 00
12,063 90
8,000 00
4,761 00
26,218 00
53,048 46
2,931 54
46,033 40
52,790 90
3,588 57
476 37
333,428 14
10,200 82
7,383 45
27,242 38
6,411 94
49,048 22
150,000 00
500,000 00
89,775 01
24.482 68
73.483 61
Tvj whom sold.
Written down.
Written down re sale of
fractional shares.
Written down re sale of
rights.
Written down re sale of
fractional shares.
Written down re Interest
on Preferred Dividend.
W. Ross Alger & Co.
220 OO Staff.
Matured
393,702 82
i;i66 64
60,000 00
59,000 00
4,662 50
12,155 56
8,000 00
4,945 00
27,637 00
54,583 24
2,941 38
47,258 34
S. B. Green.
Thos. Jones.
Kerr, Flemming & Co.
C. E. Edwards.
Photo Engrav^ers Co.
A. E. Ames & Co.
R. C. Matthews & Co.
Macneill, Graham & Co.
Housser, Wood & Co.
A. E. Ames & Co.
Matured.
Wood, Gundy & Co.
Matured.
Wood, Gundy & Co.
Matured.
Written down.
Housser, Wood & Co.
Canada Bond Corp.
Macneill, Graham & Co.
Housser, Wood & Co.
Macneill, Graham & Co.
R. C. Matthews & Co.
Housser, Wood & Co.
Matured.
244
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
Statement showing the Movement of Securities of Canadian Life and Assessment Companies
for the six months ended December 31, 1920 — Continued.
BONDS. DEBENTURES AND STOCKS BOLD OR MATURED— Continued
Company.
Description of Security.
Par value.
^'alue in
Account.
Price or
other consi-
deration
received.
To whom sold.
North American Life...
Dom. of Canada War Loan, 5 p.c.
1931
Prov. Light, Heat & Power Co..
5 p.c
Hamilton St. Ry.. 4i p.c, 1928
Lake Commerce Ltd. ,6 p.c
Montreal Trans. Co., Ltd., 6 p.c.
$ cts.
46,000 00
5.000 00
38,000 00
33.000 00
1.000 00
1.000 00
9.000 00
23,500 00
8,940 47
5,000 00
i cts.
44,850 00
4,875 00
37,050 00
32,175 00
1,050 00
1.000 00
9.000 00
23,500 00
8.940 47
5.000 00
955 19
$ cts.
44.850 00
4,875 00
37,050 00
32,175 00
Macneill, Graham & Co.
W. A. MacKenzie Co.
C. H. Burge.s.s & Co.
Canada Bond Corp.
Matured .
Redeemed.
Matured.
"
Toronto Ry. Co
Amortization of book values
li
Dom. of Canada Victory Loan,
5|p.c., 1937
170,440 47
168,395 66
50.000 00
5,785 29
121 74
50.000 00
5,656 00
136 49
3.760 00
55.000 00
129 75
49.000 00
Matured.
3,760 00
Sale of Assets.
Charged through Contin-
Amortization of book values
gent Reserve.
Dom. of Canada Loan, 5^ p.c,
1934 ,
Sask. Farm Loan Debs., 5 p.c,
1927
Municipal Debs
School District Debs
Rural Telephone Co. Debs
114,682 24
Saskatchewan Life
50 00
5,000 00
757 00
2,811 02
181 09
50 00
5.000 00
757 00
2.846 34
201 22
50 00
5,000 00
H. O. Staff.
Prov. Govt., Sask.
Matured.
"
8,799 11
8,854 56
La Sauvegarde Life
299 00
1 67
Amortization of book values
. 300 67
24 14
towards par
Pacific Great Ea.stern R., 1st
Mtge. Deb. Stock, 4J p.c, 1942
24 14
486 67
5.000 0,0
1,477 51
83 64
350 40
5,000 00
1 , 472 89
350 40
5.000 00
Allan, Killam & McKay.
W. L. McKinnon & Co.
Rural Telephone, Co. Debs
.\morlization of book values
92 95
97 87
Dom. of Canada War Loan, 5 J
p.c. 1933
Govt, of French Republic, 5 p.c,
1931
7,047 82
7.014 11
Sun Lifp
550,000 00
102.680 00
500 00
30.715 00
16.720 00
6,000 00
100,000 00
4,176 77
15,000 00
550,000 00
89,999 00
458 20
28.160 72
9,649 90
5,514 69
99,332 38
4.176 77
15,067 00
534.250 00
89,999 00
500 00
30,715 00
• 9,649 87
5,504 40
104,920 22
4,176 77
14,400 00
Royal Sec Corp.
Surrender in part payment
Republic of Cuba. 5 p.c, 1931...
Japane.se Municipal Debs
of 6 p.c. perpetual Loan.
Redeemed.
Lovell & Co.
Royal Trust Co. for Sink-
;' ::::::
ing Fund.
Rutter & Co., N.Y.
Redeemed.
Sold to City for Sinking
Fund.
ABSTRACT OF STATEMENTS
245
SESSIONAL PAPER No. 9
Statement showing the Movement of Securities of Canadian Life and Assessment Companies
for the SIX months ended December 31, 1920— Continued.
BONDS .DEBENTURES AND STOCKS SOLD OR MATVRED-Continued.
Company.
Sun Life— Con.
Travellers Life.
Western Life..
Description of Security.
Par value.
Sundry Municipal and School
District Sinking Fund Pay
ments '
Banco Hipotecariode Chile
Danville, Champaign & Decatur
Ry. & Lt. Co., 5p.c., 1938
Des Moines Elec. Co., 5 p.c, 1938
Ft. Wayne & Wabash Valley
Traction Co., 5 p.c, 1934 .
S cts.
14,647 08
1,900 00
560,000 00
17,000 00
Value in
Account.
Hamilton St. Ry. Co., 4? p c
1928 ..
Mexican Northern Pr. Co. Rec
Certfs., 7 p.c
Northern Elec. Co., 5 p.c, 1939
Ottawa Elec. Co., 5 p.c, 1920...
St. John Ry. Coy., 5 p.c
St. Louis, Springfield & Peoria
Rd. Gen. Mtg., 5 p.c, 1939.
Amortization of book values
towards par
Amount written off to Prolit and
Loss account
Net amount written off ledger
account in adjustment of cur
rency
Values of foreign currency bonds
Stocks.
Pre/erred-Adirondack Electric
Power Corp
Western Power Co. of Canada.
Common.— Adirondack Electric
Power Corp
135,000 00
1,000 00
10,000 00
2.000 00
25,000 00
1,100 00
1,070,000 00
2,663,438 85
Asbestos Corp. of Canada.
Chicoutimi Pulp Co
Kipewa Coy
Union Bank of Canada
Western Power Co., of Canada
Amt. written off
Laurentide Co. (old).
114,000 00
2,793 75
171,000 00
12,500 00
25,000 00
75,000 00
228,000 00
16,000 00
7,450 00
13,967 12
1,730 52
491,6.59 00
14,599 60
126,247 64
900,00
10,000 00
1,783
25,675 00
1,164 00
908,754 74
1,356 76
590,526 85
Price or
other consi- rr. ,
deration ^^ "''^o™ sold,
received .
I cts.
14,647 08
1,900 &0
299.273
10,128 19
Matured.
Bonds redeemed.
491,659 00 Illinois Traction Co.
16,245 10 American Trust Co., for
Sinking Fund.
126,247 64 Commercial Trust Co., in
accordance with re-or
ganization plan.
1,000 00 Called.
10,000 00 Mexican Northern Pr. Coy
Redeemed.
1 , 900 00 Montreal Trust Co., for
Sinking Fund.
25,000 00 Redeemed.
1,020 25 St. John Ry. Coy.
908,754 74 Surrendered to Illinois
Traction Co. in exchange
for 1st Mtge. bonds.
3,300,125 06
82,600 00
2,284 17
Prov. of Saskatchewan, 6 p.c
1938 .
Municipal Debs., 6 p.c
Town of Grand 'M^re School, 6
p.c, 1921
Amortization of book values
towards par
651,743 75
2,392,489 07
82,600 00
1,955 62
444,018 52
23,500 00
172,753 30
12,338 75
12,500 00
444,018 52
24,297 44
2,614 90
725,155 99
School District Debs.
5,000 00
10,000 00
10,000 00
25,000 00
200 00
200 00
4,840 10
10,000 00
9,996 74
30 63
24,867 47
580,325 23
4,841 50
10,000 00
10,000 00
24,841 50
200 00
200 00
200 00
200 00 I
Exch. for like amt. of
Adirondack Power and
Light Corp. Pref. Stk.
Chartered Trust & Exe-
cutor Co.
Exch. for 1,710 shares, $50
each of Adirondack Pr.
and Lt. Corp.
O'Brien & Williams.
J. E. A. Dubuc.
Surrendered for 1125
shares of Riordon Co.,
in accordance re-organi-
zation plans.
Surrendered to Coy. in
e.xch. for $684,000 of the
New Laurentide Co.
stock.
O'Brien & Williams.
Chartered Trust and Exe-
cutor Coy.
Dom. Securities Corp.
Harris, Forbes & Co.
Dom. Securities Corp.
Repayments.
246
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
Statement showing the Movement of Securities of Canadian Life and Assessment Companies
for the six months ended December 31, 1920. — Continued.
BONDS. DEBENTURES AND STOCKS .SOLD OR ilATURED— Conciudeif.
Company.
Description of .Security.
Par value.
Value
in
account.
Price or other
consideration
received.
To whom sold.
S ots.
244 85
63 22
% cts.
244 85
63 22
$ eta.
244 85
63 22
Matured.
308 07
308 07
308 07
A 0 F
12,7.56 05
12,616 79
103 54
Amortization of book values
Dom. of Canada Loan. 5j p.c. .
Municipal Securities
12,756 05
12,720 33
200,000 00
1,000 00
563 25
31 13
200,000 00
990 57
602 11
31 13
200,000 00
990 57
602 11
31 13
D. W. & A E. Brunet.
Matured.
Redeemed.
201.594 38
201,623 81
201,623 81
C M B A.
6,089 61
6,161 74
631 04
Amortization of book values
6,792 78
2,216 90
2,216 90
69 16
Amortization of book values
Anglo French External Loan...
2,216 90
2,286 06
I.O.F
20,000 00
1,407 47
22,814 44
300,000 00
9,000 00
4,000 00
270,000 00
.50,000 00
14,500 00
5,000 00
10.000 00
135,000 00
" 25^000' o6'
825 13
749,900 00
19.382 85
270 43
22.439 44
300,000 00
9,000 00
4,000 00
279,750 00
50,000 00
13,598 08
5.000 00
13.000 00
70.000 00
28.158 67
24.250 00
825 13
116,3.50 52
17 22
10 JO
20,000 00
270 43
22.814 44
.300,000 00
9,000 00
4,000 00
279,7.50 00
50,000 00
16.586 57
5,000 00
13.000 00
70,500 00
28,158 67
25,000 00
825 13
116,350 52
17 22
Matured.
Matured and adjust-
ments.
Matured.
Exchanged ( New issue )
Brading Breweries Ltd
Canadian Realty Corp
Cutler Mail Chute Co
Holm wood Realty Co
International Transit Co. . .
Kenilworth Inn Real estate
Matured.
Exchanged (new issue)
Redeemed.
Matured.
~
Redeemed.
Missouri Metals Corp
National Word Products Co...
New York Steam Co
Geo. G. Moore
Valley River Trad.Co.
Matured.
Redeemed.
Lincoln Traction Co. Stock —
Royal Bank of Canada (stock)
Bonds and Stocks Special Con-
Geo. G. Moore.
shares.
Written off.
1,610.447 04
956,052 34
961,272 98
Royal Guardians
10,000 00
2,184 28
10 000 00
2,184 28
10.4.50 00
2,184 28
Harris. Forbes Co.
Matured.
Dom. of Canada Bonds
Prov. of Ontario Bonds
12,184 28
12,184 28
12,634 28
3,964 04
445 32
6,532 03
10,000 00
3,964 04
445 32
6,321 32
9,894 14
Matured.
"
9.894 00
Wood Gundy & Co.
■
20,941 39
26.624 82
ABSTRACT OF STATEMENTS
247
SESSIONAL PAPER No. 9
Statement showing the Movement of Securities of Canadian Life and Assessment Companies
for the six months ended December 31, 1920.— Continued.
REAL ESTATE PURCHASED OR ACQUIRED.
Company.
Description of Property.
Price paid
or vajue
at which
transferred
to
real estate
account.
From whom purchased.
Canada Life.
Excelsior .
Great West .
Imperial.
Lot No. 6 South side King St., rear 79 King St
W. Toronto
Lot No. 190 West Ward, Cor. St. James and St
Peter St., Montreal, being 62' wide in front,
42' in rear and 115' deep
Lot 8, block 11, Sec. 9, No. 809 17th Ave. West,
Edmonton
City Property, Ontario
Confederation
Continental
Crown
Dominion.
" Alberta
Rural properties — Manitoba
" Saskatchewan
Taxes, charges, etc., on real estate acquired.
Taxes and charges, etc., on real estate acquired
Taxes and charges, etc., on real estate acquired
D.L., 196
Sub. Div. L., Lots 22 and 23, Block
Vancouver, B.C
Rural Properties. — Alberta
" Manitoba
City property, Ontario
Portion Block 5, Plan C, Calgary
Lots 8-9, Block D.G.S. 67, Plan 747 St. Boniface,
Winnipeg
Lots 5-6, Block E., Sub-Div. Lot 79, Plan L.
N. 31', lot 39 Block 5 b.G.S.','67|68,'pian"2i'8',
St. James, Winnipeg
City properties. Alberta
" Manitoba
" Saskatchewan
Repairs on Real Estate
Alterations and Repairs on Head Office Bldg. . .
Taxes or charges, etc., on real estate acquired.
City property, Saskatchewan
Expenditure on Head Office Building
Taxes or charges, etc., on real estate acquired. .
Lots 114-116, Block 1, D.G.S., 67|68 St. James,
Plan 218. Winnipeg
Lot A, Resb., lots 11 112, Block 18, D. L. 540
Gp. 1, Vancouver
Lots 1, 2 and 3, Block 28, Plan 2, Brandon
Lot 8, Block 3, Pt. lot 36, St. John, Plan 187,
Winnipeg
Rural properties, Manitoba
Saskatchewan.
City property, British Columbia
Taxes or charges, etc., on real estate acquired. .
No. 24, 26. 28 and 30 Victoria St., Toronto
Rural property, Manitoba
" Saskatchewan
Taxes or charges, etc., on real estate acquired.
29,622 42 Add'l. cost of building.
6,597 50
5,060 79
1.087 85
3,937 50
1,842 75
2,399 79
19,378 68
11,001 41
80.928 69
25,820 54
4,408 14
6,216 92
2,419 02
2,714 66
480 44
11,831 04
22,797 28
6,468 00
43,645 59
7,273 38
7,201 83
2.768 40
3.491 91
1,821 64
2,400 00
4.144 42
102,012 45
Installing elevators.
Foreclosure.
-Additional cost.
Commission.
Building additions.
Foreclosure.
1,056 68
259 56
1,747 56
3,063 80
57,935 21
6,368 05
8,896 48
12,410 75
1,379 32
1,223 40
3,485 15
2,431 90
3,337 13
19,-376 00
116,843 39
84.335 45
3.630 15
3.069 37
1,855 27
92,890 24
Foreclosure.
Beveridge and Wilson.
P. Ewert.
Harphill Bldg. Co.
D. M. Forrester.
A. A. Moore. J. W. Cameron
and E. Chevigny.
D. T. Ashley.
Edith Snider.
Jas. Wilson.
-Abortive Sale.
Foreclosure.
Conveyance.
Foreclosure.
Abortive Sale.
Foreclosure.
Cancellation of agreement.
Foreclosure.
Conveyance.
J. O'Neill.
Foreclosure.
248
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
REAL ESTATE PURCHASED OR ACQVIRED-Continued.
Company.
London
Manufacturers..
Monarch .
Mutual.
North American.
Northern .
Description of Security.
Taxes or charges, etc., on real estate acquired.
WJ, 28-3-25 W. 1, Man
Rural properties, Manitoba
" Saskatchewan .
From whom purchased.
Taxes or charges, etc., on real estate acquired.
5,633 61 Foreclosure.
4.210 41 ;; . , . ,
1,884 06 Cancellation of Agent.
sioSl 90 Quit Claim Deed.
5,032 86 Foreclosure.
145 94
19,988 78
City property, Saskatchewan.. . . . -^ .-■ -
Taxes or charges, etc., on real estate acquired.
117 25
227 38
344 63
Sec. 18-1-29, W. 1, Man „/„;■,,,
S.W. i, 15 and S.W., i 14-1-24 W 1 Man
N E., i 22 & S.W. i, 23-42-6, W. 3, Sask
Rural property, Saskatchewan...
City " British Columbia
Addition to Head Office Bldg - ,
Taxes or charges, etc., on real estate acquired.
Rural property, Saskatchewan . ,
Taxes or charges, etc., on real estate acquired.
Lot 198, 373 Marlowe Ave, Sub. Div. 64 Notre
Dame de Grace Ward, Montreal
E. i, 33, N.E. 1, 28-11-6 W. 4. Alta
Rural properties. Alberta
8,335 51
6,053 87
6,013 06
4,653 48
3,811 64
65,037 45
1 , 763 42
Janet Smart.
Foreclosure.
Quit claim deed.
Foreclosure.
Quit claim deed.
95,668 43
1,912 69
10 00
City property, Ontario
Saskatchewan .■•■•
Taxes or charges, etc., on real estate acquired.
La Sauvegarde
Sovereign
Sun
1,922 69
10,820 53
5,193 30
5,849 17
400 00
1,584 06
9,642 00
Foreclosure.
R. I. Dutton.
R. & M. Myers.
R. C. Mode, D. K. Knott
and Chas. Mann.
H. N. Smith.
N. Walters.
33.489 06
Advanced re expropriations
Taxes or charges, etc., on real estate required
Head Office Bldg.. Montreal. .^ _ ^„. •^. . .^■■
N.W. i, 14-7 Mun. of Langley, N.W. Dist., Hazel-
Pa^fl^t^T., Sub. div.; lot 35, plan 475, Parish St.
John, Winnipeg , . j .u j;„
Lot 282, Sub-div. 213-219, inclusive and sub-div.
353, 56 Upper Belle\-ue, WestTnount . _ . . .^-^^
Lot 19, City Block 11 (save C.P.R. right of way).
879, 881 and 883 Columbia St., and 882 and 884
Remage St., New Westminster. ..._^ ■•••• •
Lot 7 Block 4, District I^t 200A, 360 Front St.,
|Lo^^6?"sub.-d;iv. 526, Block 338, ' Broadway,
LoT^l^"sub.-div. 526, Block 331 ; Broadway,
3,553 93
30 00
Fr^ctTn^J Sec.- 24. Block 4. North Range, 5 W^t
(except N. 10 chains) Mun. Richmond, New
Pt^^'l^c"22"fBlock'3: North Range 6 West, Mun.
Richmond, New Westminster..^^
Lots 1, 2, 4 to 16 incl., and 19 U, 32 ind jec^ "
Block 4, North Range 5 West, Map 1433 Mun.
Richmond, New Westminster. , - „ ■ , ,„
Lots 15, 16 and 17, Block 7. Part of Sees. 3 and 0,
Block 3, North Range 7 West, Map 249 Mun.
Richmond. Steveston, B.C
13,747 36
7,275 31
7,636 09
71,031 68
14,208 76
8,614 49
10,000 00
10,000 00
9,894 33
6,000 00
29,000 00
10,000 00
Additions to Building.
Quinet and Financial Corp.
Foreclosed.
Geo. F. Johnston.
Foreclosed.
ABSTRACT OF STATEMENTS
249
SESSIONAL PAPER No. 9
Statement showing the Movement of Securities of Canadian Life and Assessment Companies
for the six months ended December 31, 1920. — Continued.
REAL ESTATE PURCHASED OR ACQ\JIRED~C one luded.
Company.
Description of Property.
Price paid
or value
at which
transferred
to
real estate
account.
From whom purchased.
3rd Block, 320 Giron de Ayacucho, St. Lima,
Peru
$ cts.
68,133 33
1,321 19
4,530 63
5,411 93
12,500 00
1,841 18
3,341 05
6,761 19
Misses Elena, Maria Maxim-
iana and Julia Perez
Aranibar.
" Saskatchewan
" Ontario
" . . .Quebec
Additional charges to various properties
Tax or charges, etc., on real estate acquired
Cos. Bldg., St. Denis and Vitio Sts., Montreal.. .
Orphans' Home, Oakville
Part lots, 1, 2, 3 and 4, Block 79 Brandon, Man.
No. 13 Gramercy Park, Borough ot Manhattan,
Additions to Building.
Trustees Knox Church (part
purchase price).
301,248 52
Western
121 92
Artisans
937 28
Construction of fire escapes.
I.O.F
14,884 69
5,375 40
26,431 99
504 00
Improvements.
Foreclosure.
Taxes or charges, etc., on real estate acquired... .
47,196 08
250
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
Statement showing the Movement of Securities of Canadian Life and Assessment Companies
for the Six Months ended December 31, 1920 — Continued.
REAL ESTATE SOLD.
Company
Description of Property
Price paid
or value
at which
carried
into
real estate
account
Value
in
Account
Price
received
To whom sold.
Canada
Lot 14A Sub. Div. of District Lot
S cts.
92,689 49
28,. 500 00
4.196 93
7.. 330 68
2,766 01
2,212 04
$ cts.
75,233 53
19,000 00
5,125 85
7,. 568 39
4, 148 69
2,901 78
45,522 65
14,956 62
S cts.
132,500 00
25,000 00
8,500 00
11,000 00
4,700 00
3,305,00
60 Prince William St. S. 237' by
80'6' of City Lot 403 St. John,
N.B ,
Manitoba
Rural Properties:—
Alberta.
B. EUingson
A. J. Caulsell, W. & J.
Mallon and N. Wasson.
W. E. Frank. Jas. Gage and
W. W. Bagrie.
Jas. Larocque, R. R.
Claxton and M. Chappelle
Saskatchewan
Real e-state written down.
Revenue derived from real estate
Lots 1, 2,3 (excepting easterly 27'6'')
in S.D. of E. h of D.L. 750 Group
1. Plan 2064, New Westminster
Dist. No. 1455 20th Ave. E. Cor.
Bella Vista
«
137,695 15
174,457 51
185,005 00
Confederation
5,044 84
4,988 07
11.. 508 94
10,527 37
5,728 17
150 00
5,044 84
5,198 36
13,248 48
12,136 80
7,458 62
150 00
16,759 39
6,500 00
5,760 00
17,900 00
12,500 00
11,986 15
150 00
N. R. Fisher.
W. J, 20-2-31, W. 1, Saak.. . .
H. G. Muldoon.
City^ Property:—
British Columbia
R. T. Kinchler, G. C.
Rural Property: —
Manitoba
Saskatchewan.. .
Falconer, S. Simpson,
C.L.Thornber, E.Bailey
and W. H. Rines.
G. W. Corns, J. Laluk.
P. W. Grant and H. A.
Davis,
Wm. Mock. R. B.
Frame Cottage removed from lot
previously acquired
Revenue derived from real estate
Laughland.
Joe Han.son.
•
37,947 39
59,996 49
54,796 15
1,356 84
10
City Property:—
Ontario
1,356 94
485 00
1,.5.50 00
3,500 00
480 44
1,091 27
2,714 66
485 00
1,550 00
3,500 00
R. J. Reade.
Rural Property: —
Alberta. .
T. R. Kidner.
Manitoba
A. Taillefer.
N. 31' Lot 39 Block 5 D.G.S. 67/68
Plan 218 St. James Winnipeg
Lots 5 and 6, Block E. Sub. div.
Lot 79 Plan L. Prince Alljert... .
City Properties: —
Alberta
5,535 00
4,286 37
5,535 00
7,273 38
43,645 59
3.418 28
7,273 38
43,645 59
3,761 22
200 00
1,746 83
6,014 49
2,101 64
238 90
2,382 41
16,569 96
8,000 00
44,825 00
3,702 00
200 00
2,700 00
5,950 00
2,400 00
238 90
2,382 41
Jean Dennison.
Central Realities Co. Ltd.
Jas. Cawthorn and Her-
bert Orr.
British Columbia
1,511 78
6,014 49
2,176 34
Major Gustav >Schoof.
Manitoba
Paul Brandt and Arni
Saskatchewan
Goodman.
E. B. Cressman.
Part Payment.
Rents applied to reduce principal .
Revenue derived from real estate
64,039 86
83,934 42
70,398 31
ABSTRACT OF STATEMENTS
251
SESSIONAL PAPER No. 9
Statement showing the Movement of Securities of Canadian Life and Assessment Companies
for the six months ended December 31, 1920. — Continued.
REAL ESTATE SOJ.D— Continued
Company
Description of Property
Price paid
or value
at which
carried
into
real estate
account
Value
in
Account.
Price
received.
To whom sold.
Excelsior
City Property:—
Alberta.
$ cts.
1,777 61
$ cts.
1,793 09
6,400 00
1,390 31
$ cts.
2,000 00
Written off real estate acquired
Revenue derived from real estate
Lots 15-17 (Incl.) Block 177 Gar
neau PL 2003 A. R. Edmonton.
Lots 114-116 (Incl.) Block 1, D.G.S
67, 68 St. James Plan 218 Winni-
peg
Lot A. Resud. div. lots 11/12
Block 18 D.L. 540 Group 1. Van-
1,777 61
9,583 40
2,000 00
Great West
10, 149 50
57,935 21
6,368 05
2,164 66
11,194,46
58,632 82
6,400 00
3,400 81
11,500 00
59,500 00
6,400 00
4,200 00
1,088 94
4,250 00
2,500 00
2,900 00
2,500 00
3,200 GO
11,206 23
H. C. Anderson.
P. H. Thorn.
F. M. Evans.
City Property: —
Alberta
R. F. Y. Molineaux.
Profit on previous Sale.
C Cook
3,549 63
2,500 00
2,766 57
2,602 72
2,577 40
3,501 05
2,500 00
3.151 29
2,602 72
3,014 73
Town Property: —
Manitoba
Rural Property:—
J. H. Bride.
G. Maloney and G. F.
Parke.
B. Segal.
D. F. Williams.
Manitoba
Saskatchewan
Revenue derived from real estate
City Property: —
90,613,74
94,397 88
109,245 17
Imperial
1,774 62
3,218 67
3,630 15
2,914 32
1,195 84
3,946 21
3,630 15
3,193 86
653 05
2,400 00
5,600 00
5,. 327 00
6,400 00
G. H. Gray.
W. F. Cooper and E.
Campbell.
W. J. Finlay.
A. Simpson and R. E.
Hampton.
Rural Property: —
Alberta
Manitoba
Saskatchewan
Revenue dxeived from real estate
Rural Property: —
Saskatchewan
Revenue derived from real estate
11,537 76
12,619 11
19,727 00
London
3,657 21
3,243 34
955 44
6,400 00
Mrs. E. Madill.W.W.Andre
and John Becker.
Town Property:—
3,657 21
4,198 78
6,400 00
Manufacturers
1,159 43
1,410 68
3,765 21
1,541 73
1,759 15
3,994 48
1,352 46
300 00
2,533 00
4,350 00
W. K. Esling.
A. Glover.
B. Phillips, S. H. Elliott
and C. S. Funk.
Rural Property:—
Alberta
Saskatchewan
Revenue derived from real estate
6,3.35 32
8,647 82
7, 183 00
252
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
Statement showing the Movement of Securities of Canadian Life and Assessment Companies
for the six months ended December 31, 1920. — Continued.
REAL ESTATE SOLD— Concluded.
Company.
Description of Property
Price paid
or value
at which
carried
into
real estate
account.
Value
in
Account
Price
received.
To whom sold
Mutual.
Western . .
l.O.F...
No. 11814 100th Ave. Edmonton,
Alta
Northern. . .
Sauvegarde
Sovereign...
Sun
S J 18-13-20 W. 1. Man.
Nos. 10, 12, 14 and 14 a Richmond
Square Montreal
N.W. i 21-11-15 W. 2 Sask
N. E. i 22 and S. W. i 23-42-6 W. 3
Sask. and N.E. 22-42-6 W. 3
Sask
Revenue derived from real estate
and credited to account
S cts.
18,621 78
5,794 63
11,222 30
1,955 18
6.013 06
$ cts.
8,738.28
3,920 08
12,131 75
2,060 71
3,800 00
1,980 05
$ cts.
22.000 00
7, 155 00
15,000 00
2,500 00
4, 700 00
Mrs. Bessie Coyne (Partial
Payment previously re-
ported).
W. J. Pettapiece (partial
payment previously re-
ported).
Thos. Jones.
G. R. Shoebottom.
L. Durniger
43,606 95
32,630 87
51,355 00
Revenue derived from real estate
and credited to account
90,426 38
90,426 38
100,000 00
Frank Bott.
Revenue derived from real estate
and credited to account
150 00
Revenue derived from real estate
and credited to account
822 72
Lots 31 and 32 Block 98 Plan C.
Calgary Alberta
Lots 5 and 6 of 496 St. Mary's Ward
1049 to 1063 St. Catharine East
Montreal
Part lot 148, Hochelaga, Frontenac
and Iberville Sts. Montreal...
Part lot 85 Group 1, Mun. of Bar-
naby Dist. New Westminster
Parcel D. Sub. div. lots 5, 6 and 7
Block 205 Dt. lot 526 Group 1,
Vancouver Dist
Trafalgar Chambers, Hospital and
St. John Sts. Montreal
City Property:—
British Columbia.
Rural Property: —
British Columbia.
Saskatchewan
Charges refunded . . .
Revenue derived from real estate
and credited to account
No. 13 Gramercy Park, borough of
Manhattan New York
Revenue derived from real estate
and credited to account
4,500 00
33,663 38
33,787 00
6,001 05
22,592 71
77,117 97
10,728 68
2,030 63
988 74
191,410 16
26,431 99
26,431 99
4,500 00
34, 100 88
33,787 00
6,006 05
23,697 71
79,367 97
11,172 68
2,030 63
988 74
195,651 66
210 00
26,431 99
738 44
27, 170 43
5,028 90
*4,000 00
•1,520 40
•1,000 00
90,000 00
•5,950 00
•500 00
1,600 00
2,345 63
140,044 93
26,431 99
26,431 99
Mrs. S. E. Hardie.
M. Harrison, Jos. Hersco-
vitch, Chas. Hoffer an
Wm. Schwartz.
Ice Mfg. Co.
T.V.S. W^ainwTight.
Warner Loat.
London and ScottishAssce.
Corp.
J. H. and C. H. Murray,
W. E. and E. M. Moodie
W. P. and Jos. Philps,
C. W. A. Riach.
M. McDonald.
A. Thiel.
J. E. Cowdin and E. C.
Morgan.
•Part Payment
ABSTRACT OF STATEMENTS
253
SESSIONAL PAPER No. 9
c^ o ^,<-i
r-- 1 ooo
ooooo
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254
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
Statement showing the Movement of Securities of Canadian Life and Assessment Companies
for the six months ended Decomber 31, 1920. — Continiied.
COLLATERAL LOANS REPAID.
Ck)mpany
By whom paid
Amount
repaid
Description
of
released
collateral
Par
value
Market
value
J. H. McGregor
Canada Life Staff
$ cts.
2,500 00
1,252 07
Canadian Bank of Commerce
S cts.
2,000 00
6,350 00
$ cts.
3,640 00
6,350 00
3,752 07
8,350 00
9,990 00
19 17
850 00
96
Prov. of Alberta
1,000 00
980 00
None
Dom. Securities Corpn
W. L. McKinnon & Co
Manufacturers Life Staff
C.N.R. Co. Notes
870 13
1,000 00
980 00
75,000 00
22,500 00
100,000 00
10,000 00
17,033 33
100,000 00
10,000.00
C.N.R.Bds
14,648 67
97,500 00
127,033 33
124,648 67
1.162 13
Monarch Life Staff
2,750 00
500 37
2,612 50
Sauvegarde
600 00
500 00
500 00
529 00
Weir
Syndicat Oeuvres Sociales
Caise^ HypothAratire
S.C.V. Branch
2,129 00
Sun
305 78
600 00
7,500 00
Illinois Traction Co. Pfd. Stock. . . .
Dom. of Canada War Loans 5i p.c. .
Dom. of Canada Loan subscribed for
by Staff.
1,500 00
8,000 00
960 00
7,640 00
Travellers Life Staff
H. H. Beek Vancouver
Du Vemet Syndicate, Tor-
8,405 78
9,500 00
8.600 00
Travellere
665 78
IGF
2,637 51
466 10
500 00
10,000 00
6,000 00
17,650 00
13,950 00
Est Chas. Magee, Ottawa. . .
Geo. G. Moore New York.
York Securities Co. , Toronto
Union Trust Co. Toronto... .
A. M. Hart
Assignment Electric Coal Co., Dan-
25,000 00
10,000 00
15,000 00
123 16
250 00
65,000 00
30,000 00
25,000 00
Newfoundland Pulp and Lumber Co.
Union Trust Co. Stock
8,000 00
21,000 00
Town of Red Deer
123 16
250 00
60,725 00
Prov. of Quebec. 4J 1946
25,698 00
Mortgages and Cash to Balance
National Breweries Go. Stock
61,203 61
145.373 16
140,796 16
1,000 00
2,500 00
1,000 00
ABSTRACT OF STATEMENTS
255
SESSIONAL PAPER No. 9
Statement showing the Movement of Securities of Canadian Life and Assessment Companies
for the six months ended December 31, 1920 — Continued.
MORTGAGE LOANS.
Company
Made
Repaid
Balance
Dec. 31, 1920
Canada '.
Capital
Commercial
Confederation
Continental
Crown
Dominion
Excelsior
Great West
Imperial
London
Manufacturers
Monarch
Mutual
North American
Northern
Saskatchewan
Sauvegarde
Security
Sovereign
Sun
Travellers
Western
Alliance Nationale
Artisans
C. M. B. A
Commercial Travellers.
LO.F
Royal Guardians
Woodmen
cts.
1,439,339 56
623,205 06
16,128 66
4,335 00
264,521 01
382,979 57
1,615,113 65
513,038 25
789,231 90
1,523,669 40
46,800 84
812,621 60
418,841 53
248,490 34
4,516 08
15,229 56
1,638 20
33,067 86
888,307 59
5.000 00
791 05
144,646 55
6,000 00
320,795 27
" 35^866 00
S cts.
1,154,652 52
384,237 28
13,974 63
22,532 51
174, 109 39
114.566 04
1,235,232 10
237,381 18
315,928 82
452,608 26
32,587 45
601,134 41
166,755 79
135,820 39
2,976 70
2,129 00
217,08
31,787 07
413,549 70
1,000 00
1,393 49
122,782 93
1,698 11
194,431 19
8,109 .50
8,032 13
24,053.
70,
12,
5.412,
510,
341,
2,694,
2,690,
17,751,
5,133,
3,607,
12,087,
436,
14,934,
4,565,
1,212,
80,
173,
13,
456,
7,634,
50,
10,
2.624,
744,
94,
31,
3,557,
140,
252,
1 cts.
181,27
600 00
891 18
081 46
424 20
731 57
080 89
205 45
775 87
640 60
841 27
059 63
509 69
368 52
485 66
051 71
108 66
577 29
159 29
871 42
427 96
200 00
495 51
386 01
937 25
500 00
490 00
560 46
398 80
650 71
10,154,108 53
5,829,627 67
111,378.692 33
256
DEPARTMENT OF INSURANCE
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11 GEORGE V, A. 1921
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ABSTRACT OF STATEMENTS
257
SESSIONAL PAPER No. 9
Statements made by the Canadian Trustees of Foreign Companies showing the Movement of
Securities held by them in trust for the respective companies for the six months ended
December 31, 1920.
BONDS AND DEBENTURES RECEIVED
Company.
Description of Securities.
Par
Value.
Market
Value.
Asbestos Corp. of Canada, Ltd., 5 p.c, 1942
$ cts.
5,000 00
S cts.
3,250 00
300,000 00
300,000 00
BONDS AND DEBENTURES RELEASED.*
School Dist. Debs
S cts.
566 66
4,474 10
$ cts.
566 66
4,474 10
5,040 76
5,040 76
3,000 00
15,470 67
2,636 33
11,500 00
65,000 00
50,000 00
25,000 00
50,000 00
25,000 00
21,413 33
25,000 00
12,653 35
250,146 67
3,000 00
15,470 67
School Dist. Debs
St. John Railway
Ogilvie Flour Mills Co
2,636 .33
11,040 00
66,950 00
46,500 00
Ontario Power Co
P. Burns & Co
23,250 00
50,000 00
23,000 00
Price Bros
Montreal Steel Works
18,269 85
24,750 00
Toronto Ry. Co
12,653 35
Montreal Gas Co
250,146 67
556,820 35
547,666 87
7,749 08
362 86
7,599 08
School District debs
362 86
8,111 94
7,961 94
MORTGAGE LOANS.
Company.
Made.
Repaid.
Balance,
Dec. 31, 1920.
London and Scottish
$ cts.
304,900 00
S cts.
60,852 00
62,000 00
160,768 64
26,792 64
2,500 00
8,200 00
369,457 91
S cts.
1,712 038 97
4,174,500 00
New York
4 234 207 62
Phoenix Assurance
7,252 44
896 064 96
763,264 47
State
2,000 00
53 300 00
Travelers Insurance
681,865 41
314,152 44
690,571 19
2,515,241 43
9—17
11 GEORGE V SESSIONAL PAPER No. 9 A. 1921
RATES OF DIVIDENDS TO POLICYHOLDERS
DECLARED DURING THE TEAR OR AT LAST PREVIOUS ALLOTMENT BY
LIFE INSURANCE COMPANIES
6—17? 259
260
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
lends. — Per
:e on policies
Quinquennial
during 1920.
snds declared
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261
SESSIONAL PAPER No. 9
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11 GEORGE V, A. 1921
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Deferred Dividends.— (a) Cash Dividends per Sl.OOO of Insurance declared upon policies completing a
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274
DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
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11 GEORGE V, A. 1921
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SESSIONAL PAPER No. 9
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11 GEORGE V, A. 1921
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314 DEPARTMENT OF INSURANCE
11 GEORGE V. A. 1921
LEGAL DE3CI9ION;S
1. Fire Insurance
(a) Rfinswanoe of Risks in another Company — Insolvency of Original Insuring Company —
Conditions of Policies — Policy Becoming Void or Ceasing — Right to Recover Unearned
Portion of Premium Paid to -Reinsuring Company — Failure to Cancel Policy — Laches.
Action by liquidator of the American Union Fire Insurance Company to recover a propor-
tion of a premium paid by that company to the defendant company upon a reinsurance policy
with respect to certain risks insured by the company in liquidation.
During the currency of the policy the reinsured company was placed in liquidation. The
result of this was that those holding policies ranked as creditors in the liquidation for the
unearned premium. The theory upon which the action was brought was that this entitled
the liquidator to claim against the reinsuring company the unearned pro rata proportion of
the reinsurance premium.
It was held that the contract was entire contract to insure for the entire period and no
right of apportionment existed unless stipulated for. The reinsuring company had no know-
ledge of the insolvency of the original company until long after the expiry of the policy.
The laches of the liquidator in making the claim was sufficient to defeat this action if other-
wise it could have been maintained.
The right of the liquidator to cancel the policy existed under the terms of the condition,
but he refrained from exercising that right until tli* policy had 'expired, and the right could,
no longer toe exercised. In this way he treated the policy as an existing one, on whiidh he
could assert liability, and he now sought to treat it as non-existing for the purpose of recover-
ing the premium. The reinsurance covered the risk upon the original policy, and was not
intended to be a reinsurance against liability to refund premiums.
October 5, 1920. — Ontario High Court Division. — Am,bler v. Factories Insurance Company —
19, Ontario Weekly Notes. 95.
(&) Conditions — Titre absolu a la propriete assuree — Nulliti de la police — C. civ., art. 2ii8,
2o71, 2576.
1. Celui qui ach&te une maison avec une clause resolutoire en cas de non-paiement, et
qui I'hypoth&que en faveur de son vendeur, n'a pas un droit de propri6t§ absolue. S'il assure
cette batisse dans une compagnie d'assurance mutuelle avec une clause que "la police sera
nulle et de mil effet, si I'interet de I'assufi dans les bdens d6orits est autre qu'an droit de
propriety absolue et sans condition. . .ou si la proprifitS est grevee par hypothfique," , il ne
peut recouvrer en cas d'incendie en vertu de cette police qui est nulle.
2. Lorsqu'une compagnie d'assurance nie sa responsabilitfe, attaque la validitfi du contrat
d'assurance et en demande la nullitS, elle ne peut se plaindre que I'assurS n'a pas rempli les
conditions preliminaires a sa reclamation comme celles de la preuve de la perte subie et des
avis que I'assurfe doit donner.
3. Dans une promesse de vente. un renvoi en marge qui ajoute une grange dans la
description des lots vendus, lequel n'est attests que par deux des signataires de I'acte et ne
porte aucune date, ne peut etre prouv6 pax t&nioins qu'avec un comme noeonen't de preuve par
6crit.
October 27, 1919. — Quebec King's Bench. — La Compagnie Equitable d'Assurance Mutuelle
Centre le Feu, v. Boulamger. — 29, Quebec Reports, 515.
(c) Description — Preuve testimoniale — Annexes — Mandat — C. civ., art. 1233, 8569.
1. Le fait que, dans une action en recouvrement du montant d'une police d'assurance,
apr§s I'incendie, la declaration mentionne le num6ro 251, rue Notre-Dame, tandis que c'est
le num6ro 22'! qui est d^crit dans la police, n'est pas substantiel au contrat et n'affecte pas
I'intention des parties.
2. En presence des divergences des pretentions des parties, la preuve testimoniale peut
etre permise pour etablir I'intention des parties au contrat d'assurance et I'etendue des
batisses assurSes.
3. Les annexes d'une manufacture li6es §, la batisse principale par des murs mitoyens,
mises en communication avec cette dernifere par des portes et des tuyaux conducteurs de la
chaleur et de Tfinergie motrice, et occup§es par des machines et des accessoires necessaires
k la manufacture, forment un bloc constituant les proprietSs assur§es et ne peuvent etre
dlvis6es pratlquement au point de vue de I'assurance.
IVL le juge Letellier. — ^Cour sup^rieure. — No 599. — 'Atwater, Surveyor et Bond, avocats
de la demanderesse — Fraser et Rugg. avocats de la d^fenderesse.
4. La difference entre les numeros en chiffre dans la police et sur le plan de Goad ne
peut etre soulevee par la compagnie, vu qu'elle est due 3, la faute de I'agent de la compagnie
d'assurance, cette mauvaise description, d'ailleurs, ne pouvant nuire au contrat veritable,
puisqu'elle n'a trompS personne.
ABSTRACT OF STATEMENTS 315
SESSIONAL PAPER No. 9
5. Le taux exigg par une compagnie d'assurance, est un Element sur pour indiquer I'objot
de I'assurance, lorsqu'il s'a,git d'une manufacture et de ses annexes.
June 2i3,, 1919'.— -Quebec Superior Court. — Gelinas & Freres (.Limitee) v. The Stanstead &
Sherbrooke Montreal Fire Assurance. — 57, Quebec Reports, 368.
(d) Declaration frauduleuse — Evaluation exagirie — Nullity de la police— C. civ., art. 2.)87.
Les faits suivants sont consideres comme frauduleux et ils sont sufRsants pour faire
annuler une uolice d'assurance: 1. un carosse que I'assurS avait paye $7, est par lui evalue
a,$600 et assure pour $300; 2. I'assurg declare qu'il a dfeja, eu une propriety detruite par le feu,
tandis qu'en fait, il avait plusieurs i-ncendies pour lesquels 11 vait regu des indemnity.
November, 18, I'dW. — Quebec Superior Court. — Gervais v. The Liverpool, London & Globe
Insurance Company — 57 Quebec Reports, 407.
(e) Condition — Formalities — Gasoline — Warranties — Interpretation — C.C, arts. 2J,78j 2-}90.
1. The insured, to obtain the payment of his claim, is not obliged to fulfil the condition
stipulated by law and by the policy, when the insurance company formally declared that it
will not pay the loss.
2. When the policy contains the following clause: "II est garanti par I'assure que pas de
gasoline ne sera gard^e dans les remises a, bateau assurfees par cette police, excepts ce qui se
trouve dans les reservoirs des yachts," and fire is caused by an explosion of the oarburator,
before the respondent's representative who had brought with him a can of gasoline of five
gallons, had time to fill up with it the tank of the yacht, there is no violation of the above
clause, as the respondent did not keep any gasoline in the yacht.
September 19, 1919. — Quebec King's Bench. — General Fire Insurance Company of Paris,
France, v. Claprood — 29, Quebec Reports, .361.
(/) Gasoline on Premises without Permit — Statutory Condition Ik (/).
Plaintiff whose premises were insured in defendant company obtained an endorsement on
his policies permitting him to use on the premises a certain gasoline oil distributing system
"subject to permit attached to policy." It did not satisfactorily appear whether or not permils
had been attached to the policies but it was the rule to attach thereto a certain form approved
by the underwriters' association which contained among other things a warranty by assured
that the reservoir and tank should be located outside the building. Under the customary
use of the system the tank is not situated inside the building, this being recognized as danger-
ous. The Court found that the plaintiff knew that the tank should be outside. Plaintiff's
premises were burned through the bursting of the tank when situated in the cellar and contain-
ing several gallons of gasoline.
Held, even if the form of permit was not attached, statutory condition 14 (/) providing
amongst other things that not more than a quart of gasoline should be stored, kept or used
upon the premises without a permit, applied and defendant was not liable under the policies.
December 31, 1919. — iSaskatcihewan King's Bench. — Hornstein v. Ch-eat American Insurance
Company. — 1920, Vol. 1, WiW.R., 1019.
(g) Assurance — Residence privee — Villegiature — Nulliti — C. civ., art. 2^85, 2i87j 2^88, 2569, 2^i.
1. Une habitation, occupSe pendant l'6t6 seulement en villfegiature, n'en est pas moins une
residence privee.
2. Le fait que cette propri§t6 n'est pas oocupge durant la saLson d'hiver, le propriStaire
toutefois demeurant dans le voisinage, I'habitation 4tant durant ce temps chaufffee par les
soins d'un gardien, n'est pas un fait materiel que I'assurg, dans une demande d'assurance, doit
faire connaitre, et son omission ne oonstLtue pas une reticence ou fausse reprfesentatioa qui
annule la police.
November 28, 1918. — Quebec Superior Court — Mathys v. Strathcona Fire Insurance
Company — 58, Quebec Reports, 199.
(fe) Loss by Fire — Fraud.
An action brought to recover insurance money paid for loss by fire failed as the evidence
did not support the claim.
In this case the plaintiff companies charged fraud and supplied the following particulars : —
"(a) The said goods and property so destroyed did not amount in value to the sum of
$14,833.48, as the defendant well knew.
"(b) The said goods saved far exceeded in value the said sum of $250 and amounted In
value to the sum of $3,000 and upwards, as the defendant well knew.
"(c) The account of the loss as made by the defendant and so delivered to the plaintiff
was not just and true but was false and untrue to the knowledge of the said defendant.
"(d) The said defendant did not exhibit to the plaintiff or its officers for their examination
all that reimained of tihe property that was covered by the poliicy but fialsely and fraudulently
pretended and represented the goods so shown and exhibited were all that were saved and
remaining. .
316 DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
"(e) The defendant fraudulently concealed from the plaintiff a large quantity of said
goods which remained and which were saved and which he had caused to be deposited in divers
buildings and places in the town ,of Bathurst and in that vicinity."
■May 20, 1919. — New Brunswick Supreme Court — The North British d Mercantile Insurance
Company and Others v. Simon Holden-Oraber. — XL.VTI, New Brunswick Reports, 15 and 17.
(i) Chattel Mortgage — Registration without Affidavit of Execution — Invalidity as against
Creditors of Mortgagor — Bills of Sale and Chattel Mortgage Act, R.S.O. 19H, ch. 135,
sees. 5, 7 — Covenant to leisure Mortgaged Goods for Benefit of Mortgagee — Loss Payable
to Mortgagee in Event of Fire — Equitable Assignment — Validity as against Creditors —
Disposition of Insurance Moneys.
A chattel mortgage, registered without an affidavit of execution, is void as against
creditors of the mortgagor: sees. 5 and 7 of the Bills of Sale and Chattel Mortgage Act,
R.S.O. 1914, ch. 135.
But an agreement or covenant by the mortgagor to insure the mortgaged chattels for the
benefit of the mortgagee, with loss (if any) payable to the mortgagee, though contained in
the chattel mortgage, is an equitable assignment of the insurance moneys payable in the
event of a loss by fire, and is not by the statute void as against creditors of tlxe mortgagoir
(Meredith, C.J.C.P., dissenting).
Review of the authorities.
In re Isaacson, (1895) 1 Q.B. 333, specially referred to.
Judgment of Kelly, J., reversed.
August 5, October 31, 1919. — Ontario Appellate Division — Petinato v. Swift Canadian Co.,
Limited — Xi,VI, Ontario Law Reports, 247.
a J Action upon Policy — Insurance upon Contents of Automobile Repair-shop — Defences —
Fire Procf^ired by Assured — Breach of Warranty as to Use of Gasoline — Failure to\
comply with Statutory Condition IS (d) — Separation of Damaged from Undamaged
Property — Examinati07i of Remnants of Property- — Conduct of Assured — Extent of
Loss — Waiver — Ontario Insurance Act, sec. 199 — Dismissal of Action.
Action upon a policy of flre insurance.
The defence of the company was
1. That the fire in question was caused through some wilful act or neglect or the procure-
ment, means, or contrivance of the assured.
2. That there had been breach of the plaintiffs warranty ; machines were filled outside
and that no gasoline was contained in the building except that which was contained in the
machines.
3. That statutory condition 1'8 (d) had not been complied with.
It was held that the company defendants were entitled to succeed upon the last twt>
defences, and that it was not needful or expedient to express any opinion upon the defence of
arson.
December 21, 1920. — Ontario High Court — Quinn v. Nnrih British and Mercantile Insurance
Company— 1^, Ontario Weekly Notes, 304.
2. Accident Insurance
(k) Death of Assured — Action by Beneficiary Named in Policy — Defences — Reduction in
Amount of Insurance by Reason of Representation in Application that Occupation of
Asswed less Hazardous ' than it actually loas — Findings of Jury — Classification of
Risks — Construction of Policy — Misrepresentation as to Duties of Assured — Responsi-
bility for Answers in Application — Jury not Directed as to Real Question — New Trial as
to Misrepresentation only — Terms — Costs.
An appeal by the defendants from the judgment of Logic. J., upon the findings of a jury,
in favour of the plaintiff, for the recovery of $1,029.20, in an action upon a policy of insurance,
dated the 15th February, 1919, whereby it was provided that in case of the death by accident
of Benjamin Gilchrist, the plaintiff's husband, the plaintiff should receive from the defendants
$1,000, subject to the terms and conditions of the policy. Benjamin Gilchrist was killed,
through an accident, on the 6th November, 1919.
It was contended for the appellants that the plaintiff was insured as a " forerman, bridge
and building," his duties in that connection being stated as " supervising only bridge work,"
and tlia't under the terms of the policy no more than $10'0 was recoverable because the deceased
suffered the accident while performing an act outside the scope of his work as stated in his
application.
At the first trial the jury had found that the deceased was not at the time of the accident
doing an act which pertained to an occupation classified by the appellants as more hazardous
than the occupation stated in the policy.
It was held that the issue was completely and finally determined by this finding of the
jury and this contention of the appellants could not pre^'ail.
ABSTRACT OF STATEMENTS 317
SESSIONAL PAPER No. 9
It was also contended by the appellants that the policy was void for misrepresentations
contained in the application.. The jury had found that the deceased did not misrepresent the
classification of his occupation in the application. The Appeal Court held that this finding of
the jury was correct, but as the Jurors had not been directed to the crucial point where there
had been misrepresentation in the deceased's answer to the question respecting the duties of his
occupation, the appellants should by so electing within ten days have the privilege of obtaining
the answer of the jury to this question. The new trial must be solely on the question of
misrepresentation as stated above, and all the answers of the jury at the first trial bther
than on the question of misrepresentation must stand.
December 20, 1920. — Ontario Appeal Court — Gilchrist v. Merchants Casualty Company — 19,
Ontario Weekly Notes. 283.
(I) Suhtogation — Poursuite de la compagnie — Action directe — Femvie mariee — -Autorisation d
defendre — C. civ., art. 176, 1053, 1318, im, ^^k-
1. L'assureur centre les accidents qui paie le dommage souffert par I'assurg, a ain recours,
centre celui qui a causS le dommage sans qu'il soit tenu d'obtenir une subrogation convem-
tionnelle. II peut poursuivre de son droit propre par une action directe en vertu de I'artiidlei
1053. C. civ.
2. Un transport de reclamation avec subrogation, peut etre fait par le mari, adm,inistra-
teur des affaires de sa femme, S, une compagnie d'assurance qui paie les dommages caus6s a
la femme oar un tiers.
3. Une femme sSparee de biens peut, sans I'autorisation de son mari, ou du juge, ester en
justice pour tout ce qui regarde I'administration de ses biens meubles et les r6clamations
moblligres qui la ooncernent, I'art. 1318, C civ., lui donnant le pouvoir de disposer et d'aliener
son mobilier. Notamment, elle peut, en vertu des articles 176, 1318, 1422, C civ., contester
une action en reoouvrement des dommages causes par son automobile.
April 3, 1920. — Quebec Superior Court — Merchants and Employers Guarantee & Accident
Company v. dame Brunet alias Tremblay — 58 Quebec Beports, 77.
(inj Insurance against Accidents to Employees — Insurer, after Learning of Breach of Condi-
tion of Policy, Defending Action Brought by Employee against Insured — Waiver of
Condition — Estoppel.
An insurer of indemnity against accidents to employees, who takes charge of the defence
of an action brought by an employee against the insured for injuries by accident, and who
continues in charge of such defence after learning of the non-observance by the insured of a
condition of the policy, may be estopped from denying (that he hais Waived suoh condition.
Insurance against Accidents to Employees — Breach by Assured of Condition of Policy — Right
of Insurer as to Recovery of Moneys Paid to its Solicitor for Defending Action Brought
by Insured's Employee.
Semble although an insurer of indemnity against accidents to employees may not be liable
on its policy because of the non-observance by the insured of one of its conditions, the insurer
cannot recover against the insured moneys paid by the insurer to its solicitors for defending
an action brought by an employee against the insured before the insurer learned it was not
liable on the policy. Money paid to a third person cannot be recovered as money paid under
a mistake of facts.
July 12, 1920. — Saskatchewan Court of Appeal — Parrott v. Western Canada Accident
and Guarantee Insurance Company — 1920, Vol. 3, W.W.R., 113.
(n) Accident — Recovery under Policy — Whether " Entire Sight " of Eye " Irrevocably Lost ".
Plaintiff was held to have " Irrevocably lost " the " entire sight of one eye " so as tp
recover for same under an accident insurance policy where he had lost all useful sight of his
right eye although still able to distinguish light from darkness and to " see a shadow " if anl
object was placed close to his eye. and although it appeared that should the good eye be
removed his vision with the injured eye might be improved by an operation.
May 26, 1920. — ^British Columbia Supreme Court — Shaw v. Globe Indemnity Company —
1920. Vol. 2. W.W.iEl.. 694.
3. Automobile Insurance
(o) Arotomobile — Vol — Prepose — C. civ., art. S507 — C. crim., art. Sift.
1. Le fait d'un propri^taire d'automobile, qui tient sa machine dans un garage, de prSter
de (bonne foi. pouir fair© laver icette voiture, ses cleffe &. une personne prSposfee au service d'un
autre auto de ce meme garage, ne constitue pas cet individu son employ^.
MM. les Juges Demers, Panneton et de, Lorimier. Court de revision. — No 2230. — (Perron,
Taschereau, Rinfret. Valine et Genest avocats du demandeur. — ^Weldon et Harris, avooats de
la d^fendereeae.
318 DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
2. Si celui-ci, au lieu de nettoyer la machine comme il devait le faire, s'en empare, a'en
sert personnellenaent, subit un accident et flnalement I'abandonne sur une route dans un 6tat
complet de demolition, pour laquelle offense il est arrets, plaide coupable et est condamnfe d.
deux ans de pfnitencier, la compagnie d'assurance, qui a 6mis une police contre le vol dA
I'automobile, est tenue de payer a son propri^taire le montant de sa perte.
June 12, 1920. — Quebec Superior Court — Oxiimet v. National Ben Franklin Fire Insurance
Company — 58, Quebec Reports, 299.
(p) Cr^ancier — Droit du debiteur — Accident d'automobile — Assurance — Saisie-arret apres
jugement — C. civ., art. 10-U.
Le crfeancier pouvant exercer les droits de son d6biteur, celui qui obtient un jugement pour
des diommages causfes par un automobile dont le proprietaire est porteur d'une police d'assur-
ance contre les axx;idents, peut faire signiiier a. !a compagnie d'assurance une saisie-rrret ap-r6s
jugement pour saisir le montant de la police.
May 31, 1919. — Quebec Supreme Court. — Pepin v. Dufresne et Railway Passengers Insur-
ance Company. — 57 Quebec Reports, 333.
(q) Conditions of Insurance Policy — Offer made to owner — Election by Company to Repair
Car — Refused by Ovmer.
The owner of an automobile cannot succeed in an action on a policy of insurance where his
car has been damaged, if the insurance company has already made an offer to repair the
damages in accordance with the insurance contract, and such offer has been refused by him.
I>ecetnber 20, 1919. — 'Nova Scotia Supreme Court — Sure v. The United States Fidelity &
Guaranty Co. — 50 Dominion Law Reports, 573.
(r) Construction of Policy — Peculiar Accident not Covered by Terms — Absence of Ambiguity —
" Extended " — Adjuster — Estoppel.
The defendants, by a policy issued to the plantiff, insured him " as respects loss sustanned
by reason of the ownership or maintenance" of an automobile " covered by endorsement or
endorsements attached". Two slips were attached to the policy, one marked " Non-valued
endorsement (Fire, Theft and Transit)," in which it was set out that "this policy is extended
to cover the insured to an amount not exceeding $1,700 on the body, machinery and equipment
including while in building, on road, or railroad car or other conveyance, ferry or
inland steamer subject to the conditions above mentioned and as follows : — (B)
While being transported in any conveyance by land or water — stranding, sinking, collision,
burning or derailment of such conveyance, including general average and salvage charges. ..."
The car, in charge of the plaintiff's feon-in-law, was put on board a ferry-boat to be carried
across a body of water to an island. When the boat reached the island, the man in charge
proceeded to drive the car off the boat on to the land. The weight of the car, or the mere act
of propulsion in driving it on to the shore, caused the boat to back away, and the car dropped
into the water : —
Held, that the loss was not covered by the policy, not having been caused by the stranding
or sinking or collision or burning of the ferry-boat from which the car slipped into the water.
Upon a fair and natural reading of the policy, there was no ambiguity in it.
The provisions of the endorsement were not to be construed as an enlargement of the
risks beyond those covered by the general agreement.
The word " extended " did not add anj-thing to the extent or nature of the insurance.
The second part of claiiise (B). the part after the d'ash. could not Ibe read seiDarately from
the first part ; the whole clause defined one of the kinds of risks assumed by the defendants —
the other two being respectively fire and theft.
Nothing done by the defendants' adjuster, who investigated the loss and ascertained the
amount of the damage, could estop the defendants from setting up the defence that the loss was
not ooveTed by the policy.
Atlas Assurance Co. v. Bro-wTiell (1899), 29 Can. S.C.R. 537, and Commercial Union
Assurance Co. v. Margeson (1899). 29 Can. S.C.R. 601, followed.
June 14, 1920. — Ontario High Court. — Wampler v. British Empire Underwriters Agency.—
XLVIII, Ontario Law Reports, 13.
4. Explosion Insurance.
(s) Statutory Condition as to Explosion — Interpretation — Warranty by Company — Authen-
tication— Not within Statute — Construction.
Statutory condition No. 11 of art. 7034, R.S.Q. 1909, provides that "The (Insurance)
company shall make pood loss caused by the explosion of gas in a building not forming part
of a gasworks, and all other loss caused by any explosion causing a fire and all loss caused by
lightning even if it does not set fire".
Held, that this condition only deals with the case of an explosion originating a fire and
not with an explosion incidental to a fire, and where loss is caused partly by fire and partly by
explosion a policy expressed to be against fire, and containing the following clause, "Warranted
free of claim for loss or damages caused by explosion of any of the material used on the
ABSTRACT OF STATEMENTS 319
SESSIONAL PAPER No. 9
premises," tlie clause being properly authenticated as required by article 7036 of the statutes,
should be given effect to, and an enquiry directed to enquire into the question of what damages
are due respectively to tire and explosion.
(Hobbs, etc. v. Northern Ass'ce Co. (1S86), 12 Can. S.C.R. 631; Stanley v. Western Ins.
Co. (1868), L. R. 3 Bxoh. 71; Hooley Hill Rubber Co. v. Royal Ins. Co., (1920) 1 K.B. 257,
272, referred to; Guardian Ass'ce. 'Co. v. Curtis and Harvey Ltd. (1919), 29 Que. K.B. .254,
affirmed. )
APPBiALi by plaintiff' from ,the judgment of the Court of King's Bench, Quebec (appeal
side) (1919), 29 Que. K.B. 254, in an action to recover the full amount of policy insuring their
premises against fire. Affirmed.
The judgment of the Board was delivered by Lord Dunedin.
Lord Dunedin : Though this is an important case, both in respect of the aanount which is
at iStake and from the fact that it has given rise to a difference of judicial opinion, yet the facts
out of which the question arises are capable of being set forth with great succinctness.
The appellants in the first of these appeals are manufacturers of explosives and are the
owners of works in which such explosives are made, and in particular, they were engaged in
the manufacture of tri-nitro-toluol. They wished to insure their works against fire, and through
their brokers they sent to the respondents, the JSTorth British & Meroantile Insurance Oomipany,
a slip on which was typewritten their requirements for insurance.
These consisted of a specification of the various buildings wished to be insured, with the
addition of terms on which they wished the insurance to be granted. Upon this the respondents
issued a policy. The policy consisted of a printed form giving the general words of insurance
against fire, leaving a blank for a specification of the premium, and leaving a large blank for the
speoifl'cation of the subject insured. This latter blank was filled up by pasting in a slip or,
as it is locally termed', a*n allonge," wlnicli was a typewritten paper exactly echoing the propoisal
made by the broker. On the back of the form are the printed statutory conditions which,
according to the law of Quebec, must be printed on every policy, and to which fuller reference
will the presently made.
A fire took place in one of the buildings insured in which there was a nitrator, which is
a machine employed in one of the stages of the manufacture of T. N. T. From this building
the fire extended to the adjoining building, in which there was some T. N. T. Ten minutes after
the inception of the fire, an explosion occurred of the T. N. T. That building was wrecked and
burning material blown about. Further fires ensued, and then from time to time further
explosions. In the end practically the whole of the insured buildings wei'e, whether by explosions
or by fire, totally destroyed.
The appellants sue upon the policy for the whole amount, subject to the adjustment which
is necessary in respect of there being other insurance in other policies on the same subject.
The respondents admit their liability for damage by fire, but contend that they are not liable
for damage attributable to explosion, and aver that the greater part of the damage was in
fact so caused. Proof was led in which the facts, which have been summarized were elicited.
It is now necessary to set forth the clauses of the policy on which the question of law
depends. The insurance is expressed to be against fire. In the slip or allonge there is the
following clause : —
""Warranty free of claim for loss or damage caused by explosion of any of the
material used on the premises"
•No. 11 of the statutory conditions R.S.Q. 1909, art. 7034 is as follows: —
" 11. The Company shall make good loss caused by the explosiion of gas in a building
not (forming piart of gasworks, and all other loss caused by any explosion causing a fire
and all loss oausied (by lightning, even if it does not set Are"
The Revised Statutes of Quebec, 1909, enact arts. 7034, 7035 and 7036 : —
Art. 7034. The conditions set forth in this article shall, as against the insurer, be deemed
to be part of every contract of fire insurance entered into or renewed on or after the tenth day
of February, 1909, in the Provinces, with respect to any property therein, or in transit therefrom
or thereto, and shall toe printed on every such policy with the heading, "Conditions of the
Policy," and no stipulation to the contrary, or providing for any variation, addition, or omission,
shall be binding on the Assured unless evidenced in the manner prescribed by Articles 7035 and
7036.
Art. 7035. If the insurer desire® to vary the said conditions, or to omit any of them, or to
add new oondiitions, there shall be added to the contract containing the printed statutory
conditions, words to the following effect, printed in conspicuous type and in ink of a different
colour: "VARIATIONS IN CONDITION'S".
This policy is issued on the above conditions with the following variations and additions.
(Set forth the conditions).
" These variations ane made by virtue of the Quebec Insurance Act and shall have effect
in so far as, by the Court or Judge before whom a question is tried relating thereto, they shall
be held to be just and reasonable requirements on the part of the Company".
Art. 7036. No such variation, addition or omissiion shall, unless the same is distinctly
indicated as set forth in Article 7035, be legal and binding on the insured.
The above quoted warranty contained in the allonge is not printed in red ink. There is,
however, inserted in red ink the following variation of condition 11 : —
"....Add the following clause as explanatory of the Company's actual liability
under Clause 11. 'This Ciompajiy is not liable for loss caused by explosions of any kind
320 DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
unless flir« ensues, and then for loss or damage by fire only' ; nor for loss or damage to any-
electrical machinerj-, appliances or equipment, unless fire ensues, and then to include
the loss or damage caused by fire only."
Tlie respondents contended that in respect of the clause of warranty above quo<ted they
are not bound to pay for any damage caused by the explosion. The "JMal Judge found for the
appellants, and held that the warranty clause was bad, first because it was a variation of the
statutory conditions not properly authenticated, and second, because in itself it was unreasonable.
The Api)eal Court reversed that judg^ment (1919) 29 Que. KB. 254, and ordered enquiry as to
how much damage was caused by explosion and how much by fire, the evidence as led not having
been directed so as to clear up this point. Appeal has now been taken tx) this Board.
There are two questions accordingly which fail to be decided. The first is what is the
proper construction of the clause of warranty, the second is if on a proper construction of the
clause the respondents are not bound to pay any loss caused by explosion, then is the clause
binding on the appellants in respect either (a) that is not properly authenticated or (6)that it
is in itself unreasonable?
It may be well here to set out what is the state of the decisions on questions whidh nearly
touch the point. In the case of Hobbs, Osborn and Hobbs v. The Northern Assurance Com-
pany (1886) 12 Can. S.O.R. 631, the Supreme Court of Canada decided that a policy which
insured against fire covered all loss caused by explosion which was an incident of the fire, i.e.,
when a. fire began without an explosion and an explosion tcK>k place during its course and was
caused by It. Lord Justice Scrutton in the case of Hooley Hill Rubber and Chemical Company
V. Royal Insurance CJompany (1920), 1 K.B., 257 at page 272, expressed an opinion to the same
effect. Their Lordships agree with the reaeoning of the Judges in Hobb's Case. That is an
authority on what an insurance against fire covers. The case of Stanley v. The Wcsterm
Insurance Company (1868) L.R. 3 Ex. 71, was a case which explained an exception. In that
policy, which was against fire, the insurer, in terms of the policy, was not to be liable for loss
or damage by explosion. This expression was held to cover all loss by explosion, whether the
explosion succeeded to or was caused by a fire, or was prior to and caused a fire. Stanley's
Case was followed by the English Court of Appeal in the Hooley Hill Rubber Company's Case
alreaxiy cited. These cases are not actually binding on their Lordships, but they agree with
them. Stanley's Case was decided by a very strong Court, and had stood as the law of England
for many years.
Now were the policy here simply a policy against fire, with the warranty added, the case
would be ruled in terms of the decision in Stanley's case. The only distinction that can be
drawn is that here the policy is not simply against fire, but that there is adjected the statutory
condition No. 11. The primary object of the statutory conditions is to prevent the insurer by
means of exceptions skilfully worded and not particularly brought to the notice of the assured,
avoiding liability which it is only just and reasonable he should undertake in a fire policy.
Their Lordships agree with the arguments of the appellants' counsel that these condtions, if
there is doubt, should be held rather as amplifying than as cutting down the insurer's liability.
Statutorj' condition No. 11 may, therefore, be taken to fill up the lacuna left by Hobb's Case ;
that is, to make It clear that when the original cause of fire is explosion the damage must be made
good. by*the insurer. The question, therefore, resolves itself into this. When the assured said
he would be content that the insurer should not be liable for all loss caused by explosion of the
material used on the iwemises, was he contracting to that effect in view of the sum total of the
liabilities under the policy, or was he merely contracting as to the additional liability imposed
by Clause 11?
It mu.st be remembered that these were T.N.T. works. It is true that T.N.T. may be con-
sumed without being exploded ; it may simply bum without its occasioning an explosion in
either the popular or scientific sense. As to what is the true meaning of the word "explosion",
the parties have been content to leave the Court without any means of judging this from the
ecientiflc podnt of view. Thedr Lordships do not think they are entitled to read in any knowledge
which they may as individuals possess on the subject, but are bound to take it that the parties
are agreed to take the word ih the popular sense, in which sense it has been used in the resume
of the facts given above. But while T. N. T. mdgbt burn it might also explode, and it seems to
their Lordships impossible to come to any conclusion but that the parties must have contemplated
the possibility of an explosion either as an incident or as an originator of fire. It is obvious that
if the assurer Tvas content to have this possible risk barred, he would secure an insurance on
better terms. When, therefore, he used in his proposal and the insurer accepted in the policy,
words which are absolutely general, and in no way limited, their Lordships think that the
more natural construction is to apply the words of exception to the whole risks in which
explosion takes a part rather than to confine them to the one special case provided for by
statutory condition 11, to which no reference is made.
The next question to be decided is whether the construction of the warranty, being as above,
it Is itself .struck at by the provisions of Art. 7036. The judges in the Court below 29 Qiie.
K.B. 254, have held that in re.spect that Art. 7035 specified the insurer as the per.son who may
be desirious to vary the condition, the clause does not apply in oases where, as here, the insured
proposed the variation, which was accepted by the insurer. Their Lordships are unable to agree
with this view of the Statutes. Art. 7036 is quite perem-ptor?^ in its terms. Their Lordships
think that it is the policy of the Statute to make a hard and fast rule that everj' fire policy shall
have attached to it these statutory conditions, and that they cannot be varied so as to be binding
on the insured, unless the variations are authenticated in the prescribed manner. The result will
be that, if not varied, they remain in full force, but any other stipulation and covenant which may
define or limit the risk can also receive effect in so far as it does not contradict the statutory
ABSTRACT OF STATEMENTS 321
SESSIONAL PAPER No. 9
conditions which are paramount. Applying this view to the question in hand, the ineurera axe
warranted free from explosions of every sort, except such explosion as is provided for by
statutory condition H. Now statutory condition 11, as already stated, only deals with an
explosion originating a fire, and does not deal with the case of an explosion incidental to a
Are It follows that the present case is not touched by statutory condition 11. and the warranty
free from explosion can have effect. This leads, though toy a different line of reasomng. to the
same result as reached toy the Judges of the Court of Appeal, 29 Que. K.B. 254. Their Lord-
ehips need only add that they agree with the Court of Appeal, differing from the Tiual Judge
that the condition is not in itself unreasonable.
Two minor matters forming the material of interlocutory judgments must be mentioned, as
they enter into the judgment of the Court of Appeal, though they were not made a matter ot
argument before their Lordships. Their I>ordships consider that the Trial Judge was right in
striking out a paragraph which proposed to adduce evidence as to the intentions of i)arties
antecedent to the issue of the policy. The matter of the other interlocutory judgment is somewhat
obscure. If, as Maclennan J. thought, it was only a renewal in another form of the motion
already dealt with, no more need be said. If. on the other hand, it was a plea which would
destroy the contract on the ground of its being ultra vires of the Company, there is, in the view
of their Lordships' decision on the merits, no necessity to ddscuss it. Their Lordships, therefore,
think that the judgement of the King's Bench should be varied toy striking from out the operative
final paragraph sujdh part as deals with the interlocutory judgeanents, but so far as it directls
enquiry Into the question of damages due respectively to fire and explosion, should be affirmed,
and that the respondent® should have the costs of the appeal.
In the second appeal the facts are the same, except that there is no variation whatever of
statutory condition 11. The same arguments accordingly apply, and the result must toe the same
as in the former case.
The respondents on the 11th June. 1920, obtained special leave to cross-appeal in leach
action, on the ground that the judgments of the Court of King's Bench 29 Que. K.B. 254, should
have directed judgment to be entered for them. It follows from this judgment that these cross-
appeals ought to be dismissed and the appellants are entitled to their costs in respect of them.
TTiese costs should be set off against the costs which the appellants are directed to pay to
the respondents in the main apeals.
Their Lordships will humbly advise His Majesty to the foregoing effect.
October 19, 1920. — Judicial Committee of the Privy Council — Curtis's and Harvey, Ltd., v.
North British and Mercantile Insurance Co. Ltd. Curtis's and Harvey, Ltd. v. Gua/rdian Assur-
ance Co., Ltd. — 55 Dominion Law Reports, 95.
5. LiFR INSUR.A-NCE
(O Default in Payment of Premium — Lapse of Policy — Reinstatement upon Written Applica-
tion and Payment of Arrears — Untrue Answers to Questions in Application — Findings
of Jury— Absence of Fraud — Answers Written by Agent of Company — Provision for
Reinstatement Contained in Policy — Condition — Fulfilment — Insurance Act of Candda,
1910, sees. 8i, 85,95 (d), (j) — Authority of Agent — Whether Agent of Insured — Reopening
of Question Whether Evidence upon which Reinstatement Granted Satisfactory.
A policy of insurance issued by the defendants on the life of B., in favour of his wife, the
plaintiff, as beneficiary, having lapsed by reason of the non-payment of the half-yearly premium
due in February, 1918, L., the defendants' agent, called upon B. and the plaintiff in Apr/il,
1918, and received payment of the overdue premium, and at the same. time obtained from B.
an application for the reinstatement of the policy. The application was approved by the
defendants and the policy reinstated. The premiums were duly paid thereafter, and on the
10th February, 1919. B. died. The defendants refused to pay, alleging that in the application
signed toy B. three questions were answered falsely, namely : " 4. What illnesses, if any, have
you had since the date of the above policy? A. None." " 6. What physicians have treated
you or have you consulted since the date of the above policy? A. No." " 7. Are you now in
sound health? A. Yes." It appeared that B. had been and was at the time of the application
being treated by a physician for the disease from which he died ; that he disclosed the facts
to L. ; but that L. wrote the answers to the question in the application form, and B. signed it
without reading it. In an action upon the policy, the jury found that the answers to questions
4 and 7 were not in fact untrue and were not material, but that the answer to questions 6
was untrue and was material, and that all three answers were acted upon by the defendants.
They also found that B. disclosed to L. all the information necessary to enable L. to write
truthful answers ; that L. obtained from B. full knowledge of all material facts for the puri>ose
of the reinstatement application before B. signed it ; that B. did not make to L. any statement
which he (B.) knew to be false; that B. was not guilty of any fraud; that B. was induced
by the statements or representations of L. to sign the application in the form in which he did
sign it ; that he so signed it without knowing or understanding its full meaning and effect ;
and that his failure to know and understand was due to the statements and representa-
tions of L. : —
Held, that the application for reinstatement and its acceptance by the defendants did not
constitute a new contract or policy of insurance.
Sections 84 and 95 (d) and (j) of the Insurance Act of Canada, 1910, 9 and 10 Edward
VII, dh. 32, oonsidereid.
The provision in the policy for reinstatement was in reality a condition, to the effect that
written application should be made by the insured ; that evidence of insurability satisfactory
9—21
322 DEPARTMENT OF INSURAAX'E
11 GEORGE V, A. 1921
to the company should be presented ; and that any loan interest due and all arrears of premiums
with 5 per cent interest should be paid.
This condition was in fact complied with ; fraud on the part of B. had been negatived by
the jury ; the defendants had reinstated the policy upon evidence which they considered satis-
factory ; and they oould not, in the absence of fraud, be permitted to reopen the question and
say that the evidence upon which they acted was unsatisfactory.
The findings of the jury absolved B. from all real responsibility for the truth or otherwise
of the written answers.
Even if L. exceeded his real authority in writing untruthful answers, that did not make
him B's agent. Apart from sec. 85 of the Insurance Act, Li., acting with real authority to
obtain from B. the application for reinstatement, must be deemed to have been clothed with
full authority, short of fraud on B's part, for everything that he (L.) did.
Great Northern Insurance Co. v. Whitney (1918), 57 Can. S.C.R. 543, and similar earlier
cases, applied.
The finding of the jury that the answer to question 6 was untrue and was material and
was acted upon by the defendants, did not, in view of the other findings, stand in the way of
the plaintiff. ^^
May 7, 1920. — Ontario High Court — Bird v. New York Life Insurance Company. — XLVil
Ontario Law Reports, 510.
(w) Cession judiciaAre de Mens — Mari et fevime — Assurance du mari en faveur de sa femme —
Bilan — Creanciers — C. proc, art. 83i, S6i, 863.
1. Le produit d'une police d'assurance de $3,000 prise par un mari en faveur de sa femme
n'est pas le gage des creanciers de ce dernier. II s'ensuit que la femme qui, aprfes le d6c6s de
son mari, a continue le commerce de ce dernier, et fait une cession judicaire de ses biens, n'est
pas tenue d'entrer dans son bilan ce montant qu'elle a retire.
2. Mgme si cette somme appartenait aux creanciers du mari, il n'y aurait pas lieu 3, m^prls
de Cour si elle refusait de remettre les $3,000.
October 28, 1919. — Quebec Superior Court — Dame Descotes v. Collette. — 57 Quebec Reports,
420.
(V) Benefit of Wife designated by Name — Death before Death of Insured — Remarriage of
Husband — Distribution among Surviving Wife and Children — " In Equal Shares" —
Ontario Insurance Act, sec. 178 (4) (6 Geo. V. ch. 36, sec. 5).
The words of sub-sec. 4 of sec. 178 of the Ontairio Insurance Act, R.S.O. 1914, ch. 183, as
enacted by the amending Act 6 Geo. V. ch. 36, sec. 5, "such insurance money shall
be for the benefit in equal shares of the wife living at the maturity of the contract and the
children of the assured ", do not mean that the wife is entitled to one half and the children to
the other half among them — the wife shares with the children, taking the same share as each,
so that where there are two children the wife takes one third and each child one third.
December 3, 1919. — Ontario High Court — Re Dickenson and North American Life Assur-
ance Co. — XliVI, Ontario Law Reports, 380.
(w) Wife named as Beneficiary in Policy — Declaration in Case She Pre-decease Insured — '
S. 186 (2) of ch. 15 of 1915, Sask.
If a life insurance policy names the insured's wife as the beneficiary he may before her
death declare in the policy that in case of her predeceasing him the moneys be payable to
his estate, notwithstanding .sub-sec. 2 of sec. 186 of ch. 15 of 1915, Sask. Statutes.
June 30, 1920. — ^King's Bench, Saskatchewan — Executors and AdmirUstrators Tru^t Com-
pany V. MacKenzie et al — 1920, Vol. 3, W.W.R., 110.
(x) Policy in favour of Wife — Death of Wife Before Maturity of Contract — Beneficiaries —
Estate of Insured — Life Insurance Beneficiaries Act (Alta.) '
An insurance policy in favour of a wife who dies before the maturity of the contract in
the absence of any declaration provided for by sec. 9 (9) of the Life Insurance Beneficiaries
Act C6 Geo. v., Alta ch. 25), becomes under clause fc) of sub-sec. 9 of the Act one for the
benefit of the child or children of the as.sured and forms no part of the estate of the assured.
If the policy is payable to the wife if living and if not then to the insured's executors, admlnl-
Btrators or afssigns, such Insunance goes to the executors of the will of the assured and forms
part of his estate.
March 19, 1920. — Alberta Supreme Court — Re Grant — 51, Dominion Law Reports. 369.
<y) Certificate of Friendly Society — Change of Beneficiary — Issue of New Certificate — Assign-
ment or Surrender — Ontario Insurance Act, R.S.O. 19U, ch. 183, sec 181 (8).
By a "life insurance certificate," Issued in 1903. a "mortuao^ benefit" was payable "to the
beneficiary or beneficiaries designated hereon ". The insured, by endorsement, named his wife
ABSTRACT OF STATEMENTS 323
SESSIONAL PAPER No. 9
as Taeneficiary. In 1906, the insured, by a. writing endorsed on the policy, changed the beneficiary
to his isitepson ; his wife signed a memorandum agreeing to the change ; the certificate wias then
delivered to the Society, and a new certificate was issued, payable to the stepson, who undertook
to pay the premiums. The new certificate was on a different plan. The wife died in 1913,
and the insured in 1919 : —
Held, that what was done amounted to an assignment or a surrender of the certificia4;e,
within the meaning of sea 181 (2) of the Ontario Insurance Act, R.S.O. 1914, ch. 183, and the
stepson was 'entitled to the insurance moneys.
December 15, 1919. — Ontario High Court — Re Knibbs and Royal Templars of Temperance —
XLVI, Ontario Law Reports, 410.
(s) Alberta Insurance Act, S. iS — Effect of Statutory Provision Making Moneys under Policy
Payable within Province — Provision in Policy that Foreign Law Governs. — Application
and Effect of Ontario Law — Beneficiary under Policy Predeceasing Assured — Effect of
Will.
The provision in sec. 43 of The Alberta Insurance Act, ch. 8 of 1915, that the moneys
payable under policy of life insurance shall " be payable in the province, when the assured is
or dies domiciled therein, notwithstanding anything contained in any policy or the fact that
the head office of the insurance corporation is not within the province," does not purport to do
more than declare that the situs of the debt shall be in the province, and does not make the
law of Alberta apply in determining the construction of the contract when the assured died
domiciled in Alberta, especially where the policy provides that in all cases of claims under it
the law of another province shall govern.
The life insurance law of Ontario was held applicable in the distributdon of moneys under
policies, so as to give the entire proceeds of one policy to a surviving preferred beneficiary,
and the proceeds of another policy to surviving children of the assured not designated as
beneficiaries in the policy (the designated beneficiarj^ having been the deceased's wife who
predeceased him) ; and the assured's will which made no general or specific reference to the
policies was held not to affect the disposition of the moneys.
September 7, 1920. — Alberta Supreme Court In re Mellon Estate. — 1920, Vol. 3, W.W.R., 413.
(aa) Contract Made and Parties Domiciled and Insurance Moneys Payable in Province of
Quebec — Contest as to Disposition of Insurance Moneys — Agreement of all Persons
Interested that Decision be according to Law of Ontario — Validity — Claim of Creditors
— Representation of Creditors — Rule 75 — Policy Payable to Wife by Name or in Event
of Her Death to Heirs, Executors, Administrators, or Assigns — Death to Wife — '
Remarriage of Assured — Rights of Second Wife — Will — " My Insurances " — Declaration
under Ontario Insurance Act — Sees. 163 (1) 111 {S), 178, 179, (1) Am,ending Act, 6, Geo.
V. ch. 36, sec. 5 — Rights of Widoio as against Children.
In January, 1905, N., then domiciled in the province of Quebec, procured a policy of assur-
ance upon his life from an insurance company whose head office was in that province. By the
policy the sum assured was made payable at the company's head office to the wife of N., whose
full name was set out in the policy, or, in the event of her death, to the heirs, executors,
administrators, or assigns of N. The wife named in the policy and two children were then
alive; but the wife died in 1906; in 1907 N. married again; and his second wife and his two
children survived him. In 1911, he became domiciled in Ontario, where he died in 1919, having
first made and published a will, dated the 28th April, 1919, by whicb he gave certain personal
property to his son, and to his wife, naming her, " my insurances, my furniture and all my
other properties, real and personal." He had two life insurance policies, one being that
mentioned above ; the moneys payable under that policy were the subject of an application to
the Court, upon which a creditor of N. appeared.
An order was made directing that the creditor before the Court should represent all
creditors. Rule 75.
The contract having been made in Quebec between parties there domiciled and the money
being payable in that Province, semble, that the law of that Province should govern.
All parties, however, desired that the case be decided on the law of the Province of Ontario,
and had signed an agreement to that effect : —
Held, that the agreement was valid — there being no third parties whose rights were
derogated from, no infant concerned, no statutory direction violated, and no public interest
injuriously affected.
The creditors contended that the insurance moneys formed part of the estate of N., avail-
able for the payment of debts : —
Held, applying the law of Ontario, that the bequest of " my insurances " was a sufficient
declaration in favour of N's second wife, as a member of the preferred class of beneficiaries,
to entitle her to payment of the insurance moneys.
Sections 163 (1), 171, (3) 178, and 179 (1) of the Ontario Insurance Act, R.S.O. 1914,
ch. 183, considered.
Re Baeder and Canadian Order of Chosen Friends (1916), 36 O.L..R. 30, and re Monkman
and Canadian Order of Chosen Friends (1918), 42 O.L.R. 363, followed.
Re Wrighton (1904), 8 O.L.R. 630, distinguished. And, therefore, the creditors could take
nothing.
9— 2U
324 DEPART M EXT OF ISSIRANCE
11 GEORGE V, A. 1921
Held, also, that if sub-sec. 4 of sec. ITS of the Act. as enacted by the amending Act of 1916,
6 Geo. V. eh. 36, sec. 5, was applicable to this pre-existing policy, it did not affect the rights
of the widow as against the children.
October 20, 1919. — Ontario High Court — Re Nauhert. — XLVI Ontario Law Reports, 210.
(bb) Presumption of Death of Insured — Insurance Act, R.S.O. 19H ch. 18-i, sec. 165 {!,), (5) —
Evidence — Disposition of Insurance Money — Administration Dispensed with.
V Motion by the association, under the Insurance Act, R.S.O. 1914 ch. 183, sec. 165 (4) and
(5), for a declaration as to the presumption of death of George F. Blarney, a person whotse
life was insured Iby the association, and ifor a direction as to the payment of the insurance money.
Lennox, J., in a written judgment, said that there was ample evidence to support a
presumption of the death, under the terms of the statute, and the money or benefit secured
by certificate No. 18909 was immediately payable. There was also good ground for believing
that Blarney died intestate, unmarried, and without lawful issue. The parties should not be
put to the expense of administration, and payment into Court was unnecessary. There should
be an order declaring that the presumption of death had arisen, directing the payment of the
money, less the association's costs of the motion, to the next of kin of Blarney mentioned in
the affidavits, and exonerating the association from further liability.
August 16, 1920. — Ontario High Court Division — Re Oddfellows' Relief Association a/nd
Blarney.— ^19, Ontario Weekly Notes, 49.
(ocj Association de bienfaisance — Benefice — Interet assurable — Fiance— Stipulation pour autrui —
Revocation — C. civ., art. 1029, Zlftl,, 2i75.
1. Pour qu'un contrat d'assurance soit valide, il n'est pas nfecessaire que le b^neflciaire de la
police ait un interet dans la vie de I'assur^ ; I'intfiret qu'a I'assur^ dans sa propre vie sufflt a
rendre le contrat valide.
2. Lorsque les rSglements d'une association de bienfaisance permettent aux membres qui en
font partie de constituer comme ben§ficiaire de leur dotation soit un parent, soit le fiancfi ou
la flanic^e, dans ce dernie-r cas, la ipersonne d6sign§e ne cesse pais detre bSnfeflciaire parce
qu'elle cesise d'etre fiancee, si l'attrit)Utiion de tofinfeflce n'est pas modiflSe conforTn6ment aux
rdgleraents de I'association.
3. La revocation de la stipulation pour autrui et du b§nefice d'une assurance ne peut plus
avoir lieu quand le b6n§flciaire les a acceptSs.
June 30, 19120. — Quelbec Superior Court — Roy, dowindeur v. L'Ordre independajit des
Forestiers, d6fendeur, et Samson, intervenant — 58 Quebec Reports 338.
{dd) .Untrue Answers of Assured upon application — Materiality of Answers — Fraud — Unsatis-
factory Findings of Jury — Judgment of Appellate Court upon the Evidence, Disregard-
ing the Findings — Judicature Act, sec. 27.
Appeal by the defendants from the judgment of Orde, J., upon the findings of a jury, in
favour of the plaintiff, for the recovery of $3,318.49 and costs, in an action upon a policy of
insurance upon the life of the plaintiff's husband, Joseph Selick, who dies on the 30th March,
1918.
At the first trial certain questions as to the materiality of untrue answers as to previous
illnesses given by the insured in his application were submitted to the jury. The jury found that
Jie answers were untrue but were not material.
It was held that the findings of the jury that the answers were not material and that there
was no fraud must be set aside as unsatisfactory. The case was one in which the Court should
exercise the powers conferred by Section 27 of the Judicature Act and pronounce final judgment
instead of directing a new trial. The appeal should be allowed with costs and the action be
dismissed with costs.
December 20, 1920. — Ontario Appeal Court — Selick v. \ew York Life Insurance Company —
19, Ontario Weekly Notes, 260.
(ee) Contract — Misrepresentation not Inducing other Party — Life Insurance Policy Assigned
Collateral to Land Mortgage — Purchasers of Land assuming mortgage and Policy
— Assured redeeming part of Policy from purchasers — Misstatement of Assured's Age
causing Reduction of Policy Moneys on liis Death — Burden of Loss not on Assured/Si
Estate because Purchasers not induced to Contract by Amou7it of Policy.
P. as collateral security for payment of a mortagage of $50,000 assigned to the mortgagee
a policy of insurance on his life for the same sum, the mortgaged land being charged with
payment of the premiums. Subsequently in an agreement between F. and certain purchasers of
the land wtio assumed pajiment of the mortgage, F. assigned said policy to the inircliasens subject
to payment of premiums and the rights of the mortgagee. Provision was made for F. redeeming
the policy or part thereof by paying to the purchasers a proportion of its cash surrender value
as they paid the mortgage instalments. If F. should die before the due date of the mortgage
(which, event occurred) the purchasers on receiving the insurnace moneys were to pay to F's
ABSTRACT OF STATEMENTS 325
SESSIONAL PAPER No. 9
estate the amount of any instalments in respect of which F. had, paid them the cash surrender
value. Before F's death the purchasers paid an instalment of $5,000 on account of the mortgage
and F. paid to them one-tenth of the then cash, surrender value of the policy. It was discovered
when proof of death was made that F. had made a mistake in stating his age and therefore the
policy only stood good, for $47,500 instead of $50,000.
Held F.'s estate was entitled to be paid by the purchasers one-tenth the face of the policy
and should not bear the full burden of the $2,500 reduction in the policy; for the evidence
showed that the purdhasens regairded the policy ae a burden rather than as an advantage ; had
the correct age of assured been known the mortgagee might have required further insurance
with further premiums and therefore the policy would have been regarded as a further burden ;
and therefore one of the essentials for relief on the ground of misrepresentation, viz., that the
misrepresentation induced the act of the other party to whom it was made, did not exist.
The policy moneys were "received" by the purchasers within the meaning of the agreement
when they were applied to the payment of the mortgage.
In above respect the judgment of Stuart J. reported at (19190 3 W.W.R. 387 was reversed.
On other questions his judgment as there reported was sustained.
February 4, 1920. — Alberta Supreme Court Appellate Division — The Standard Trusts
Company v. Canada Life Assurance Company et al — 1920 Vol. 1, W.W.'R., 516.
(ff) Contrat de mariage — Donation— Police d'assurance — Transfert — Enregistrement — Heritiers
—Interet — Rapport — Partage — C. civ., art. 712, 80i a 808, m>2, 1298, 11^2, 2113.
1. La clause suivante dans un contrat de mariage, savoir: "Le futur fipoux promet et s'engage
de faire mettre au nom de la future §pouse la police d'assurance qu'il a actuellement 6ur sa
vie," cr6e une obligation et un lien de droit parfait entre le futur 6poux et la future §pouse,
mais non entre cette dernifei-e et la compagnie d'assurance qui a assur§ I'^poux, vu qu'elle ne
contient qu'une simple promesse de transfert futur qui ne s'est pas r6alis6e.
2. Leg 6poux, ayant stipulg, dans leur contrat de mariage, la separation de biens, c'6tait
a, I'epouse, la donatrice, qu'incombait I'obllgation de faire enregistrer la donation et non k son
gpoux, et, pour cette raison, les h6ritiers de I'epoux ont droit de se prevaloir du d§faut d'enregis-
trement.
3. Cette promesse faite dans le contrat de mariage est une donation qui n'ayant pas et€
enregistrfee, ne peut §tre oppos6e aux heritiers.
4. Une gpouse. donataire de son fepoux d'une somme d'argent par son contrat de mairiaige,
et qui est, en meme temps, un de ses hSritiers, n'a pas d'intfiret a faire valoir cette donation,
si elle n'a ipas renomce S. sa suocesision, vu qu'elle serait tenoie de napporter le montant S, la
masise.
5. Lorsque dans une action en reclamation, k titre de donataire d'une somme d'argent qui,
en r§alit6, appartient a. la succession dont la donataire est un h6ritier, si les autres heritiers
interviennent pour r€clamer chacun leur part, la Cour, au lieu de rejeter Taction, ordonnera un
partage selon les droits de chacun.
April, 26, 1920. — Quebec Superior Court — Dame Villeneuve v. Union Mutual lAfe Insurance
Company et dame Leduc et autres, inter^^enants — 58, Quebec Reports, 272.
LEGISLATION
1. Dominion Legislation
There was no general legislation amending the Insurance Act passed at the session of
Parliament held in 1920. The following private Acts were passed: —
(1) An Act to incorporate Aberdeen Fire Insurance Company. (Assented to June 16, 1S20.)
This Act incorporates the Company with head office in the City of Edmonton, Alberta, with
power to transact the business of fire, inland marine, guarantee, accident, inland transportation,
plate glass, burglary, sickness and automobile insurance. The Act contains the usual provi-
sions for the minimum amount of capital or capital and surolus as the various classes of busi-
ness are taken up.
2. An Act to incorporate Armour Life Assurance Company. (Assented to May 11, 1920. f
This Act incorporates the Company with power to transact the business of life insurance,
and is in the model form. The head office of the Company will be in Edmonton, Alberta.
(3) An act to amend and consolidate the Acts respecting The British America. Assurance
Company. {Assented to July 1, 1920.)
This Act consolidates the various Acts respecting the Company and enlarges the insurance
powers of the Company to include practically all classes of insurance other than life insurance.
(4) An act to incorporate Canada Security Assurance Company. (Assented to May 11,
ISSOiJ ,
This Act incorporates the Company with head dffice in the City of Toronto, and with)
power to take av&r the wihole or any part of the buisinese of Canada iSeicurity Assurance
Company incorporated by Special Act of the Province of Alberta in 1'913. The Company is
authorized to undertake the business qf fire, automobile, hail, accident, sickness, guarantee,
plat© glass, burglary, inland transportation and explosion insurance, the usual provisions for
increase of capital or capital and surplus on the various classes of business being taken up
326 DEPARTMENT OF LXSURANCE
11 GEORGE V, A. 1921
being contained in the Act. There is also provision that a license shall not be issued to the
CJompany until the provincial company has ceased, or is about to cease, to transact business.
(5) An Act respecting the Dominion Fire Insurance Company. (.AsseTited to July 1, 1!)20.)
This Act amends the Company's Act of incorporation, chapter 73 of the Statutes of 1904,
by increasing the insurance powers of the Company to include flre, hail, automobile and marine
insurance, and in addition thereto such other kinds of insurance as may be authorized from^
time to time under the provisions of section 77 of the Insurance Act, 1917.
(6) An Act to incorporate the T. Eaton General Insurance Company. (Assented to May
11, 19S0.)
This Company is authorized ',to transact the business of sickness, accident, guarantee,
burglary, inland transportation, plate glass, automobile, sprinkler leakage, fire and steam
boiler insurance. The usual provisiotn respecting increase in capital and surplus when the
additional classes of business are taken up is contained in the Act. Ther head office of the
Company will be in the City of Toronto.
(7) An. Act to incorporate The T. Eaton Life Assurance Company. (Assented to May 11,
IDSO.)
This Act is in the model fo«rm and incorporates the Company to transact the business of
life insurance. The head office of the Company will be in the City of Toronto.
(8) An Act respecting The Pacific Coast Fire Insurance Company. (Assented to May 11,
1920.)
This Act amends the charter of the Company chapter 143 of the Statutes of 1908, by
providing that the directors may by resolution sub-divide its shares into! shares of five dollars
each. It also enlarges the insurance powers of the Company to include inland transportation,
automjobile, tornado, expJosion, hail, marine, sprinkler leakage, burglary and accident insurance.
(9) An Act respecting The Pacific Marine Insurance Company. (Assented to May 11, 1920.)
This Act amends the charter of the Company, chapter 140' of the Statutes of 1906, by'
enlarging the insurance powers of the Company to include inland marine, flre, inland trans-
portation and automobile insurance.
(10) An act to incorporate Reliance Insurance Company of Canada. (Assented to July 1,
1920.)
This Act authorizes the Company to transact the business of fire, accident, automobile,
burglary, hail, guarantee, tornado, explosion, inland tranepoTtation and sprinkler leakage
insurance, with the visual provision for increase in capital or capital and surplus at the
various classes of business are taken up. The head office of the Company will be in the City
of Montreal.
(11) An Act to incorporate Scottish Canadian Assurance Corporation. (Assented to May
U, 1920.)
This Company is authorized to tranisact the (buisiness of flre, accident, sickness, automoibile
burglary and hail insurance. The usual provision respecting increase in capital and surplus
when the additional classes of business are taken, up is contained in the Act. The head office of
the Company will be in Toronto.
(12) An Act to incorporate United Canada Fire Insurance Company. (Assented to June
16, 1920.)
This Company is authorized to transsact the (busineiss of flre. inland marine, automobile,
inland transportation, plate glass, accident, hail, tornado, sprinkler leakage and guarantee
insurance. The usual provision respecting increase in capital and surplus when the additional
classes of business are taken up is contained in the Act. The bead office of the Company will
be in the City of Winnipeg.
(13) An Act to amend and consolidate the Acts respecting The "Western Assurance Company.
(Assented to July 1, 1920.)
This Act consolidates the various Acts resi)ecting the Company and enlarges the insurance
powers of the Company to include practically all classes of insurance.
2. Alberta Legislation
An Act to amend The Municipal Hadl Insurance Act. (Asse7ited to March 19, 1920).
His Majesty, by and with the advice and consent of the Legislative Assembly of the
Province of Alberta, enacts as follows:
Chapter 20 of the Statutes of Alberta, 1,918, being The Municipal Hail Insurance Act, is
hereby amended as follows :
1. Section 2, clause (a): By striking out the word "Elector" in the second line thereof
and the proviso to said clause, and by adding to said clause the following:
" 'Elector* shall mean any person on the voters' list of the municipal district, as the
owner or occupant of land."
2. Section 5: By adding the following: "Provided, however, that this Act shall not apply
to any land that is subdivided into blocks and lots, according to a plan registered in the land
titles office for the land registration district within which said land is situated."
3. Section 6: (1) By adding to subsection 1 the following: "The result to be decided by
a majority of the electors actually voting."
(2) By inserting in subsection 4 after the word "within" in the first line of subsection
4 thereof the words " or without ", and by striking out the words " or without " as they appear
after the word " within " in the third line ; and by inserting after the word " subject " in the
sixth line the words " to the discretion of the board and," and by adding to this subsection
the following words: "and it shall be the duty of the municipal council to levy such rates on
such owners or occupants as are required by thi^ Act, and to pay the amounts, as collected,
to the board, together with any penalties on arrears."
ABSTRACT OF STATEMENTS 327
SESSIONAL PAPER No. 9
4. Section 8 : By inserting after the word " electors " in the fourth line the words "actually
voting."
5. Section 24: (1) By striking out the words "of or persons occupying" in the first line
thereof, and substituting in lieu thereof the words " or occupants of."
(2) By repealing clause (d) and substituting in lieu thereof the following: "the amount
of insurance per acre desired in accordance with the requirements of section 29."
(3) By adding the following clause: "(e) In case any owner or occupant refuses or
neglects to make the return in accordance with the requireonents of this section, and as la.
result it becomes necessary for tlie secretary-treasurer of the municipal district to otherwise
ascertain the facts, in order to make to the secretary of the board the statement provided for
in the next succeeding section, any costs or charges that the secretary-treasurer may incur in
connection with any particular portion of land, in obtaining such facts, shall become imme-
diately due and payable by the owner or occupant to the secretary-treasurer, and if not paid
shall be charged againsit the said land, when making the ordinary levy under this Act."
6. Section 26, subsection 1 : By striking out the words " occupier or person " in the first
line, and substituting in lieu thereof the words " or occupant."
(2) By sitriking out all the words from the word "in" in the seventh line to the first
word " land " in the eleventh line, inclusive, and substituting in lieu thereof the follo'wlng
" that in the case of land that is leased it cannot be withdrawn except upon the written request
of both the owner or occupant and the lessee."
(3) By adding to this subsection the following, namely: "and in the case of land that is
leased, if the application to be reincluded is made by the lessee, the written consent of the
owner or occupant must be obtained ; provided that in all cases where crops are insured on
lands that are leased, the owner or occupant shall have a first lien upon all crops grown upoln
the land, as security for the payment of said tax or such part of such tax as is properly
chargeable against the lessee's share of such crops."
7. Section 27 : By adding the following subsection :
" (2) If for any reason notice of loss is not given within three days of the date) of such
damage, the costs of adjustment may in the discretion of the Board be charged against the
claimant."
8. Section 29: By repealing the section, and substituting in lieu thereof the following:
"29. The maximum indemnity to be paid for total loss shall be six, eight or ten dkjllars
per acre, as shown in the return made under section 24, clause id) of this Act; provided,
however, that if no such return has been made until after the insured crop has been damaged
by hail, the maximum indemnity for, total loss shall be six dollars per acre."
" (2) No liability as to indemnity shall exist —
" (a) With reference to any portion of an insured acreage in whidh the damage done
by hail in such portion is less than 5 per oent of the actual value of the crop on such
portion.
" (3) The indemnity herein provided for shall be exempt from garnishment, attachment
and execution."
9. Section 30: (1) By striking out the words "the occupant" in the third line, and substi-
tuting in lieu thereof " a lessee."
(2) By striking out the words "owner and occupant" in the fourth and fifth lines, and
substituting in lieu thereof the words " lessor and lessee."
(3) By striking out the words "owner and the occupant" in the eighth line, and substi-
tuting in lieu therefor " lessor and the lessee."
10. Section 37, subsection 1: (1) By striking out all the words from the word "the" in
the eighth line to the first word " board " in the twelfth line, inclusive, and substituting in
lieu thereof the following : " moneys received by the board from any municipal district in
payment of the assessment as provided for in section 33."
(2) Subsection 3: By striking out all the words after the word "to" in the sixth line,
and substituting in lieu thereof the following : " the hail insurance board in payment of the
assessment provided for in section 33 and to any person, bank, company or corporation from
which the municipal district has borrowed money under this section."
3. British Columbia Legislation
(1) An Act to amend the "Life-insurance Policies Act." (Asse^ited to nth April, 1920.)
His Majesty, by and with the advice and consent of the Legislative Assembly of the
Province of British Columbia, enacts as follows : —
1. This Act may be cited as the "Life-insurance Policies Act Amendment Act, 1920."
2. The "Life-insurance Policies Act," being chapter 115 of the "Revised Statutes of
British Columbia, 1911," Ls amended by adding the following as sections ISA, 13B, and
13C:—
"POLICIES ON THE LH'ES OF INFANTS."
" 13A. A minor over the age of sixteen years may effect contracts of insurance on his
life, and may do in respect of any such contract whatever under this Act a person of full'
age may lawfully do, and the like rules of construction shall prevail.
" 13B. No contract of insurance effected by a parent upon the life of his child shall be
invalid by reason only of want of pecuniary interest in the life of the child.
" 13C. (1) No contract of insurance shall be effected on the life of a child unless the child
is at least one year old.
328 DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
" (2) Where a contract of insurance is effected on the life of a child under ten years of
age, the insurance money payable on the maturity of the policy shall not exceed the following
amounts : —
" Thirty-two dollars if the child dies under the age of two years :
■' Forty dollars if the child dies under the age of three years :
"Forty-eight dollars if the child dies under the age of four years:
" Fifty-six dollars if the child dies under the age of five years :
" Eighty-three dollars if the child dies under the age of six years :
" One hundred and twenty dollars if the child dies under the age of seven years :
" One hundred and sixty dollars if the child dies under the age of eight years :
"Two hundred dollars if the child dies under the age of nine years:
" Two hundred and sixty dollars if the child dies under the age of ten years.
" (3) If an insurer enters intoi a contract on tlie life of a child under ten years of agei,
and the insurance money payable thereunder exceeds the amount fixed by subsection (2), the
premiums paid may be recovered from the insurer by the person making the payments, together
with compound interest thereon at the rate of seven per cent per annum.
" (4) Except as provided by subsection (5), this section shall not apply to a contract jf
insurance effected : —
" (o) Before the enactment of this section; or
" (b) On the life of a child of any age, if the person effecting the insurance has a
pecuniary interest in the life of the child ; or
" (c) On the life of a child under ten years but not less than one year of age, if the
insurance money payable on the death of the child is limited to the premiums paid
with interest.
" (5) The provisions of this section shall be printed in conspicuous type on every contract
of insurance hereafter effected on the life of a child under ten years of age and on every
circular relating to or application for any such contract, or a copy of such provisions printed
in conspicuous type shall be firmly attached to every such contract, circular, or application,
and any person who contravenes this subsection shall be liable, on summary conviotion, to a
penalty of two hundred dollars."
3. The amendments to said chapter 115 enacted by section 2 of this Act shall, except as
therein expressly provided, apply to all contracts of insurance, Whether effected before or after
the date on which this Act comes into force^
(2) An Act to amend the "British Columbia Fire Insurance Act." (Assented to nth April, 1920J
His Majesty, by and with the advice and consent of the Legislative Assembly of the Prov-
ince of British Colimnbia, enacts as follows: —
1. This Act may be cited as the " British Columbia Fire Insurance Act Amendment Act,
1920."
2. Section 5C of the "British Coltmnbia Fire Insurance Act," being chapter 113 of thei
" Revised Statutes of British Columbia, 1911," as enacted by section 3 of chapter 36 of tlie
Statutes of 1919, is hereby amended by adding the words "merchandise in" between the
words " of " and " mercantile " in the fourth line thereof.
4. Manitoba Legislation
(1) An Act to amend "The Manitoba Insurance Act". (Assented to February 91, 1920.
His Majesty, by and with the advice and consent of the Legislative Assembly of Manitoba,
enacts as follows : —
1. Section 3 of " The Manitoba Insurance Act." being chapter 9S of the Revised Statutes,
1913, as enacted by section 2 of chapter 46 of 9 George V, is repealed and the following!
substituted therefor:
3. Only sections 2, 5, 6, 8, 9, 12 to 20, 44 to 47, subsections (3) (4) and (6) of 51, 5'2,
53, 64, 72 to 95 of this Act shall apply to a company licensed by the Dominion Government.
2. Section 4B of said Act as enacted by section 6 of chapter 33, 5 George V, is amended
by striking out the word "five" in the sixth line thereof and by substitutin.g therefor the
word " three."
3. Paragraph (d) of section 10 of said Act is amended by adding thereto after the word
" vehicle " in the second line thereof the words " other than motor vehicles."
4. Subsection (5) of section 19 of said Act is amended by striking out the words "one
and one-third per cent " in the ninth line thereof and substituting therefor the words " two
per cent."
5. (1) Subparagraph (i) of paragraph (b) of section 45 of said Act is amended by adding
the words " and in the case of a company doing accident, sickness or guarantee and surety
insurance " after the word " Manitoba " in the last line thereof.
(2) Subparagraph (iii) of said paragraph (b) is amended by striking out the words "an
accident or guarantee and surety " from the fifth and sixth lines and substituting therefor the
words " a plate glass insurance."
6. Subsection (2) added to section 81 of the said Act by section 7 of chapter 46 of 9
George V, is hereby repealed and the following substituted therefor :
(2) The certificate of authority issued to a partnership or firm shall include those of the
partners not exceeding three who devote all their time to the business of the partnership and
not more than one employee of the partnership nominated for that purpose in writing by the
partnership with the written approval of the Supe-rintendent of Insurance, and the certificate
ABSTRACT OF STATEMENTS 329
SESSIONAL PAPER No. 9
of authority issued to a corporation shall include not more than four officers of such corpora-
tion nominated for that purpose by the corporation in writing signed by the president, secretary
or manager of the corporation under its corporate seal, provided such nomination shall be
approved in writing by the Superintendent of Insurance. Any such nomination may be revoked
at any time and the name of another employee or officer substituted, upon the written applica-
tion of the partnership or corporation to the Superintendent of Insurance and with his approval
in writing.
7. Section 91A of said Act as Enacted by section 9 of chapter 46, 9 George V, is amended
by striking out the word " agent " in the ninth line thereof and substituting therefor the word
" person."
8. This Act shall come into force on the day it is assented to.
(2) An Act to amend "The Mamto})a Insurance Act". (Assented to March 27, 1920)
His Majesty, by and with the advice and consent of the Legislative Assembly of "Manitoba,
enacts as follows : —
1. .Subsection (2) of section 19 of "The Manitoba Insurance Act," being chapter 98 of the
Revised Statutes of 1913, is hereby repealed and the following substituted therefor:
(2) In the event of any insurance having been procured under and by virute of the said
license, there shall be made, by the special broker, an affidavit which shall be filed in the*
office of the superintendent within thirty days after the procuring of such insurance. Such
affidavit shall have force and effect for one year only from the date thereof and shall set forth
that after diligent effort it has been ascertained that insurance, or sufficient insurance, required
to protect the property sought to be insured, could not be obtained, or, that such insurance,'
or sufficient insurance, could not be obtained at ordinary or reasonable rates of premium or on
satisfactory terms from insurance companies duly authorized to carry on business in Manitoba.
But such special broker shall not be required to file such affidavit if a similar affidavit relative
to the same property has been filed within the preceding twelve months by any other speciial
broker. - \
2. Section 95 of said Act. as enacted by section 11 of chapter 46 of 9 George V, is hereby
amended by adding the following words : " Provided that this section shall not affect mortgages
or agreements held on property situate in the City of Winnipeg.,"
3. This Act shall come into force the day it is assented to.
(3) An Act to amend "The Life Insurance Act". (Assented to March 27, 1920)
His Majesty, by and with the advice and consent of the Legislative Assemblj- of Manitoba,
enacts as follows : —
1. Section 8 of "The Life Insurance Act," being chapter 99 of the Revised Statutes of
Manitoba, 1913, is hereby amended by adding at the end thereof the following woirds : " blut
the assured shall not, except as provided by section 9 of this Act, revoke or alter any dispo-
sition made under the provisions of this Act in favour of any one or more of the preferred
classes set out in section 7 of this Act except in favour of some one or more persons within
the preferred class, so long as any of the persons of the preferred class in whose favour the
contract or declaration is made are living."
2. Section 15 of the said Act is hereby repealed and the following substituted therrftor:
15. If in case of a policy of insurance heretofore or hereafter effected by a man or woman,
it is expressed on its face to be for the benefit of, or has been heretofore or shall be hereafter
under this Act appropriated for the benefit of any person or persons other than his wife or
her husband, or his wife and children, or her husband and children, or his or her children or
any of them, then the insured may, by an instrument in writing attached to or endorsed on
the policy or identifying the same by its nunnber or otherwise, absolutely revoke the benefit
or declaration or appropriation previously made and apportion the insurance money, or by
like instrument from time to time reapportion the same, or alter or revoke the benefits, or add
or substitute nfew beneficiaries, or divert the insurance money wholly or in part to himself or
his estate, provided that the insured shall not alter or revoke or divert the benefit of any person
who is a beneficiary for value.
3. The repeal of said section 15 shall apply to all policies of insurance existing or future,
but shall not affect any payments which have already been made by any insurance company
in accordance with any revocation, appropriation, reapportionment or diversion of the moneys
as permitted by said section 15 before its repeal.
4. Section 25 of the said Act is hereby amended by adding thereto the following sub-
sections :
(2) Where a contract of insurance is made or declared to be for the benefit of one or
more preferred beneficiaries and all of them are of full age, they and the assured may
surrender the contract or may assign or dispose of the same either absolutely or by way* of
security.
(3) Where. such preferred beneficiaries include children it shall be sufficient so far a^
their interests are concerned if all then living are of full age and join in the surrender or
assignment or disposal, as the case may be.
(4) Where a person is entitled to a benefit only in the event of the death of another person
named as a beneficiary it shall be sufficient for the purposes of this section if such Itajst-
mentioned person joins in the surrender, assignment or disposal.
5. This Act shall come into force on the day it is assented to.
330 DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
(4) An Act respecting District HaAl Insurance. (Assented to March 27, 1320)
His Majesty, by and with the advice and consent of the Legislative Assembly of Manitoba,
enacts as follows : —
1. This Act may be cited as "The Manitoba District Hail Insurance Act."
2. In this Act, unless the context otherwise requires, the expressions —
(o) "council," "councillor," "reeve," "elector," "owner," "tenant," "clerk," and "land,"
have the same meaning and interpretation as is assigned to them, respectively in " The Muni-
cipal Act." and amendments thereto ;
(b) "Crop" means wheat, oats, barley, flax, rye, speltz or com;
(c) "Hail Insurance Board of Manitoba," "Hail Insurance Board" and "Board" means
the Hail Insurance Board of Manitoba appointed under this Act;
(d) "The Hail Insurance District" or the district mean the hail Insurance district estab-
lished under the provisions of this Act ;
(e) "Representative" means any person appointed by the council of any municipality in
the hail insurance district to represent that municipality at the annual and other meetings
of the representatives of the hail insurance district ;
(/) " Chairman " means the chairman of the Hail Insurance Board of Manitoba appointed
under this Act :
(.g) " Member " means a member of the Hail Insurance Board of Manitoba appointed
under this Act ;
ih) "Adjuster" means any adjuster appointed under this Act;
(i) " Municipal Commissioner " means the Municipal Commissioner of Manitoba.
{]) " Municipality " means a rural municipality.
APPLICATION OF ACT
3. This Act shall apply to only that portion of the province which is organized into rural
municipalities.
OEGANIZATION OF HAIL INSURANCE DISTRICT
4. (1) The council of every rural municipality shall submit to the electors thereof at the
first election for councillors to be held after the passing of this Act a by-law, in the form
prescribed by the Municipal Commissioner and in accordance with the procedure prescribed by
" The Municipal Act " for the voting on debenture by-laws, providing that the municipality shall
be brought under the operation of this Act.
(2) The council of any rural municipality whose electors have voted against coming
under the operation of this Act at the time of the election referred to in this section and the
council of any rural municipality v/hich may be organized after that date may at any time
submit to the electors of such municipality a by-law as hereinbefore provided for the purpose
of bringing such municipality under the operation of this Act.
5. Immediately following the voting on the by-law as provided for in section 4 of this
Act, the secretary-treasurer of each rural municipality so voting shall forthwith forward to
the Municipal Commissioner a statement showing the result of the voting, and in the event of
thirty-five or more municipalities electing to come under the operation of this Act, the Muni-
cipal Commissioner may, by order, notice of which shall be forwarded to each of the said
municipalities and published in The ManAtoha Gazette, establish the municipalities so electing
" The Hail Insurance District."
DISORGANIZATION OF DISTRICT
6. At any time after the expiration of five years from the establishment of the hail
insurance district any of the municipalities constituting same may, by by-law submitted to be
voted on by the electors at any annual election of reeve and councillors and approved by a.
majority of the electors in the manner hereinbefore prescribed withdraw from such hail
insurance district upon such terms as the Municipal Comjnissioner may deem just and upon
such withdrawal the Municipal Commissioner shall have power to settle and adjust the assets
and liabilities of the board among the municipalities composing the hail insurance district and,
if fewer than twenty-eight municipalities remain in such hail insurance district, to wind uo
the affairs of the board, and his decision shall be final in regard to all matters connected
therewith.
ORGANIZATION OF BOARD
7. The hail insurance district ^all be under the direction of a board of nine members to
be known as "The Hail Insurance Board of Manitoba."
(2) The members of this board shall be elected by representatives of the municipalities
constituting the hail insurance district, one representative to be appointed by the council of each
municipality.
8. (1) The first meeting of the representatives of the municipalities in the hail insurance
district shall be called by the Municipal Commissioner ; such meeting to be held at a place and
on a date to be determined by the Municipal Commissioner.
(2) In each year thereafter a meeting of the representatives of the said municipalities shall
be held on the second Wednesday in March for the purpose of receiving the report of the bofard
as to its operations during the preceding year, the election of new members of the board and for
any other business arising out of this Act.
ABSTRACT OF STATEMENTS 331
SESSIONAL PAPER No. 9
(3) The board may at any time, should it consider the same necessary or expedient, convene
a special meeting of representativs appointed as provided in section 7 hereof.
(4) The board shall, on the receipt of a petition signed by the reeves of at least twenty-flve
per cent lof the municipalities constituting the hail insurance district, convene a meeting of
representatives to be appointed as aforesaid.
9. (1) All meetings of representatives after the first meeting shall be convened by the
secretary of the board, mailing a notice thereof to the clerk of each municipality constituting the
hail insurance district, in the case of annual meetings thirty days, and in the case of special
meetings fifteen days, prior to the date fixed for such meetings.
(2) At any meeting of representatives to be convened under the provisions of this Act,
the presence of twenty-flve per i cent of the representatives shall be necessary to constitute a
quorum.
10. Representatives shall be remunerated out of the funds of the boardi at the rate of seven
dollars ($7) for each day or part of a day necessarily occupied by them attending such meetings
as may be convened, under this Act together with the actual cost of transportation incurred and
paid by them.
11. (1) At the first meeting of representatives to be held aften this Act oojnes into force,
the meeting shall elect the board of nine members as by this Act provided.
(2) In the event of there being no poll the first three members nominated shall hold office
for three year's; the next three members nominated shall hold office for two years and the next
three members nominated shall hold office for one year.
(3) In the event of more than nine members being nominated and a poll bei.ng< necessary,
the three members receiving the highest numbers of votes sha,ll be declared elected for the term
of three years following, the three members receiving the next highest numbers of votes shall
be declared elected for the term of two years following ; and the three members receiving the
next highest numbers of votes shall be declared elected for the term of onei year following.
(1) At all annual meetings of representatives held subsequent to the first meeting three
members shall be elected who shall hold oflfice for three years.
(5) Retiring members shall be eligible for re-election.
(6) Notwithstanding the duration of office of members herein fixed, at any meeting of
representatives properly convened they may on a vote of at least twHj-thirds of those present at
such meeting cancel the appointment of any member or members of the board and elect a substi-
tute or substitutes to fill the vacancy or vajcancies so created.
POWERS AND DUTIES OP BOARD
12. The board shall be a corporate body with office in the City of Winnipeg and shall have
the following powers :
(a) To carry on the business of hail insurance under the provisions of this Act;
(b) To borrow money for the purpose of carrying out the objects of its incorporation, to
hypothecate, pledge and mortgage its property, rights, assets and prospective revenues, and to
sign bills, notes, contracts, and other evidences of or securities for money borrowed o|r to be
borrowed for the purposes aforesaid ;
(c) To invest any reserve funds or surplus, as the same may from time to time be accumu-
lated, in such manner as hiay be approved by the Lieutenant-Oovernor-in-Council.
13. The board may meet together for the despatch of business, adjourn and otherwise regu-
late their meetings as they think fit and determine the quorum necessary for the transaction of
business. Questions arising at any meeting shall be decided by a majority of votes. In case of
an equality of votes the chairman shall have a second o(r casting vote. Any three members
may at any time summon a meeting of the board.
14. (1) At the first meeting of the board to be held after the annual meeting of represent-
atives they shall appoint one of their own members as chairman, and shall assign his duties and
fix his salary.
(2) If at any meeting of the board the chairman is not present at the time appointed for
holding the same, the members present shall choose soma one of their number to be chairman of
such meeting.
15. In the event of the office of chairman becoming vacant through death, resignation or
otherwise the board shall take immediate steps to fill the vacancy.
16. All acts done at any meeting of the board or by any person acting as a member of the
board shall notwithstanding that it be afterwards discovered that there was some defect in the
appointment of any such member or person acting as aforesaid or that they or any of them were
disqualified, be as valid as if every such person had been duly appointed and was qualified to be
a member.
17. (1) The board shall appoint a manager who shall be responsible for the management of
the business of the board and who shall engage, appoint and dismiss all employees (except the
secretary-treasurer and chief adjuster), and assign to them their respective duties.
(2) The board shall also appoint a secretary-treasurer and chief adjuster who shall be
under the supervision and control of the manager.
18. (1) No| member of the board other than the chairman shall be entitled to occupy any
salaried position in connection with the operations of the board under this Act.
(2) Members, other than the chairman, shall be entitled to remuneration for their services
at the rate of five dollars for each day, or part of a day, occupied by them in attendance at
meetings of the board together with the actual cost of transportation and subsistance incurred
and paid by them.
19.- In the event of the resignation or death, or removal from office of any member of the board,
the remaining members may appoint any person to fill the vacant office until the date of the
332 DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
next meeting of representatives when any vacancies which may have occurred during the year
shall be filled :
Provided always that any member of the board elected in substitution for any member
who has resigned or died or who has been removed from office under the provisions of sectior.
11 of this Act, shall hold office only for the unexpired term of the member whose place he hai
taken.
20. The lx)ard may from time to time make such by-laws or regulations, not contrary to
law or inconsistent with the provisions of this Act, for the administration or control o^ iSta
property and business and for the conduct in all particulars of its affairs as may be considered
necessary or expedient for the carrying out of the provisions of this Act according to their true
intent and meaning.
AUDIT
21. (1) The board shall close its books as at the thirty-first day of January in each yeai
and shall on or before the fifteenth day of May in each year appoint an auditor or auditors
who shall on or before the fifteenth, day of February following make a full and complete audit
of the books, records and accounts of the board for the year ending as at the thirty-first day
of January and who shall for the purposes of such audit have access to all the books, recotrds,
accounts, vouchers and receipts of the board and shall by the said fifteenth day of February
prepare and deliver to the board a full and complete report of the audit. Such auditor or
auditors shall not be otherwise employed by the board,
(2) The board shall immediately on receipt of such auditor's report prepare and publish
a complete report of its operations during the preceding year and a copy of such report shall be
mailed to the Municipal Commissioner and to the reeve and secretary-treasurer of each munici-
pality in hail insurance district at least ten days prior to the date of the annual meeting.
(3) If the board neglects or refuses to make such an audit, the Municipal Commissioner
may appoint an auditor or auditors who shall have the same rights and duties as if he or they
had been appointed by the board as aforesaid.
CROP REPORTS
22. All owners of or persons occupying land within the hail insurance district and liable to
assessment under this Act, shall on or before the fifteenth day of June in each year forward to
the clerk of the municipality within which such land is situated, a return in the form pre-
scribed by tlie board showing : —
(a) The name and address of the person making the return ;
(ft) The acreage of the land owned, or occupied by him within the area of the munici-
pality ;
(c) The nature of the crops sown thereon and the acreage and location of each crop sown;
(d) His intention if desired to reduce the rate of indemnity to six dollars per acre.
23. The clerk of each municipality constituting the hail insurance district shall obtain
returns as to all crops grown or growing within his municipality and for that purpose shall
furnish all persons requiring the same with the necessary forms to be supplied by the board
and shall on or before the first day of July in each year prepare and forward to the secretary
of the board a statement, in such form as may be prescribed by the board, showing in detail
the names of each owner of or person occupying land within such municipality whether the
owner or tenant shall have made the return required by the immediately preceding section or
not, and embodying in schedule from such particulars as may be required by the Board.
WITHDRAWALS
24. (1) Any owner, tenant or person liable to assessment under this Act may, prior to the
sixteenth day of June in any year after the coming into force thereof, by written notice to the
clerk of the municipality within which the land in question lies, withdraw from the operation of
this Act any land in respect of which he is liable to assessment ; provided, however, that in the
case of a non-resident owner of land liable to assessment desiring to withdraw from the provi-
sions of this Act, he shall first secure the written consent of the tenant, if any, of said land..
Any land withdrawn from the operation of this Act as herein provided shall remain so with-
drawn until such time as application in writing shall have been made by the owner or tenant
thereof to the clerk of the municipality within which the same is situate for the reinclusion of
such land within the operation of this Act.
(2) When any crop insured under this Act shall be destroyed from any cause other than
hail, the owner or tenant of the land on which such crop was growing, by sending notice by
registered letter addressed to the hail insurance board at their office in Winnipeg, not later than
the twentieth day of July in any year giving the location of the crop and furnishing proof
satisfactory to the board of such destruction, may withdraw such crop from the operation of
this Act for the current year and he shall be entitled to a proportionate rebate in respect of the
hail insurance tax payable for crop so withdrawn ; provided, however, that no rebate shall be
granted for any portion of such crop that may be harvested.
CLAIMS
25. Any person owning a crop or a portion of the crop, or any person having an interest
therein, upon lands subject to assessment under this Act, which is damaged by hail between the
sixteenth day of June and the fifteenth day of September, both inclusive, or in the case of fall
■vvhtai and rye, ibetween the first day of June and the fifteenth day of September, both
ABSTRACT OF STATEMENTS 333
SESSIONAL PAPER No. 9
inclusive, shall within three days from the date on which such damage shall have been sutained,
give notice of such damage to the hail insurance board at Winnipeg by registered letter, such
notice to be in the form prescribed by the board and shall show in detail : —
(o) The name and address of the claimant ;
(5) The nature of the crop and the legal description of the land upon which it was grown;
(c) The number of acres damaged ;
(d) The percentage of damage done ;
(e) The nature and amount of the claimant's interest in the crop;
(/) If there be any other person or persons jointly interested with him in the said crop,
the nature and amount of their interest therein ;
(fir) In case such claimant does not reside within two miles of the location of the crop in
respect of which claim is being made, the name of some party resident within two miles
of such crop who will act as the agent of such claimant and the section, township and
range where such agent resides and such agent shall be recognized by the adjuster
making the inspection as representing the claimant for the purposes of the inspection.
ADJUSTMENT AND AWARD
26. (1) Upon the receipt of any such claim as aforesaid the board shall, through its propei
officer, immediately instruct an adjuster to inspect the crop who shall make every possible
effort to see the claimant, or in the absence of the claimant, his agent named as aforesaid and
upon the completion of the inspection shall appraise and report upon the claim and shall
recommend to the board the indemnity which he thinks should be payable.
(2) The adjuster shall endeavor to secure the written concurrence of the claimant or his
agent to the report and recommendation as to compensation made by him and the report and
concurrence (if any) shall be forwarded to the board. If the adjuster has been unable to secure
such concurrence the reason of his failure to do so shall be stated in the report.
(3) A copy of such report shall be forwarded to the claimant or his agent named as afore-
said and if the claimant or hi^ agent is dissatisfied with such report he may within five days
of the receipt of such report by him, mail by registered letter addressed to the hail insurance
board at its office in Winnipeg, notice of appeal therefrom stating reasons therefor.
(4) The board shall consider the allegations of all persons so appealing as soon as con-
veniently may be and may call for further evidence which shall be taken by way of statutory
declaration or otherwise as the board may direct and shall vary or confirm the report of the
adjuster as it may deem proper.
(5) The decision of the board as to the amount of the loss so sustained by any claimant
and the indemnity payable therefor shall be final and conclusive, and shall not be questioned by
any court on any grounds whatsoever.
27. The maximum indemnity to be paid for total loss shall be eight dollars per acre ;
provided that any person desiring so to do shall on or before the fifteenth day of June in each
year as provided for in section 22 of this Act, reduce the rate of indemnity payable to six
dollars per acre and the premium to be paid therefor as hereinafter provided shall, be reduced
proportionately:
28. In the event of any claim being made for indemnity for damage under the terms of
this Act in respect of' any land worked by the tenant on "share of crop" basis the amount of
the indemnity shall be paid over to the owner and tenant on the same basis as the agreement
for the division of the crop unless the terms of the lease or agreement of sale otherwise provide,
and in the event of any arrangement between the owner and the tenant, as to the allocation of
any indemnity payable under this Act, such arrangement shall form the basis of the division
of the indemnity to be followed by the board.
PAYMENT OF INDEMNITY
29. The board shall, within thirty days of the date of its decision as to the amount of
indemnity to be paid as hereinbefore provided, make payment of such sum to the person or
persons entitled thereto, but shall deduct therefrom : —
(o) The amount of arrears of hail insurance tax owing by such person or persons to the
municipality within which the said damaged crop was situate, which sum shall be paid
to the clerk of such municipality to be credited by him upon the arrears so owing by
such person or persons, and
(b) A sum representing ten per cent, of the total insurance under this Act carried by
such person or persons within the municipality within which the damaged crop, in
respect of which such indemnity is payable, was situate, and until such time as the rate
of tax payable under this Act for the current year shall have been determined,
when the board shall remit to the clerk of such municipality out of the moneys so
deducted the amount of tax so payable by such person or persons for the then current
year together with the arrears deducted as aforesaid and shall remit to such person
or persons direct the balance if any, remaining in their hands.
30. The board shall, subject to the provisions of the immediately preceding section, pay all
indemnities awarded under the Act out of the reserve fund, if any, or by means of moneys
borrowed by them by virtue of the powers herein contained.
334 DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
THE RATE
31. The board shall Immediately subsequent to the fifteenth day of September in each year,
proceed to fix the rate to be levied upon each acre of crop Insured by virtue of this Act and the
total assessment shall be sufficient —
(a) To pay all expenses of administration together with interest and other charges upon
money borrowed ;
(&) To pay all indemnities awarded by the board during the year;
(c) To create and maintain a reserve fund equal to eight per cent of the total risk during
the then current year ; no contribution to the resei-ve fund, shall exceed twenty per
cent or be less than ten per cent, of the total indemnities paid for the then current
year unless the necesssary reserve can be maintained by a less contribution.
32. Immediately after the j-ate has been fixed as provided for in section 31 of this Act,
the boa'rd shall apportion the total amount to be levied among the various municipalities in
accordance with the respective acreages under crop and shall on or before the first day of
October in every year notify the clerk of each municipality, subject to the provisions of the
Act, as to the rate of the tax and the total amount payable by such municipality.
33. Every municipality constituting the hail insurance district shall on or before the
thirty-first day of December in the year in respect of which the tax is levied, pay to the board
the sum payable by such municipality, and such sum shall be a debt due by such municipality,
to the board and shall bear interest at the rate of eight per cent per anntun from the time
the same became due until paid and may be recovered by action in any court of competent
jurisdiction in the Province of Manitoba.
34. Upon receipt of notice from the board as to the rate to be levied the clerk of each
municipality shall assess the owners of the land upon which the insured crop is grown with
the tax levied by virtue of this Act and the said taxes shall be levied in the same manner, and
subject to the same penalties for non-payment as municipal taxes.
35. (1) The board may by resolution authorize its chairman and secretarj--treasurer from
time to time to Lorrow from any person, bank or corporation such sum as the board may deem
necessary to carry on the business of the district, and for the payment of unpaid awards, and
the sum so borrowed shall be a debt owing by the district, and shall be recoverable as such, and
shall be repaid out of, and be a first charge upon the taxes levied by any municipality under
this Act for hail insurance purposes, and upon any moneys borrowed by the council of any
municipality under the following sub-section, not paid by the municipality to the board ;
provided that the board may by such resolution authorize that the sum so borrowed may be
further secured by such promissory note or notes, assignment, covenant or agreement of the
chairman and secretary-treasurer given under the seal of the board as may be fixed by such
resolution.
(2) The council of any municipality may by resolution authorize the reeve and treasurer
to borrow from any person, bank or corporation such sums of money as may be required to
enable it to pay in full to the hail insurance board the amount of the rates herein provided
for during the then current year, and the making of such loan by any municipality for such
purpose shall not limit or impair its borrowing powers under any Act or law fixing or limiting
the same. Such loan may be secured by promissory note or notes of the reeve and treasurer
given under the seal of the municipality and on behalf of the council; and the amount sot
borrowed shall be repaid out of and be a first charge upon the taxes which are collected for
hail, insurance purposes for the year in which such amount was borrowed.
(3) In every year all taxes collected by any municipality for hail insurance purposes under
this Act, and all moneys borrowed under this section shall be kept by the council of such
municipality in a separate account and deposited in a chartered bank in a trust fund to be
styled, "Hail Tax Trust Fund" and shall only be paid thereout to, or in paynnent of any sum
or sums borrowed by, the hail insurance board.
36. Any person who fails to perform any duty or send in any notice or return required of
him by this Act or who makes a return or statement under this Act which is wilfully false
or misleading in any particular or who performs any act forbidden herein shall be deemed
guilty of an offence and upon summary conviction shall be liable to a penalty of not less than
ten dollars nor more than fifty dollars.
37. (1) If anything required to be done by or under this Act at or within a fixed time
cannot be or is not so done, the Municipal Commissioner may by order from time to time
appoint a further or other timp for doing the same, whether the time within which the same
ought to have been done has or has not expired.
(2) Anything done •within the time prescribed by such order shall be as valid as if it had
been done within the time fixed by or under this Act.
38. The Lieutenant-Governor-in-Council shall have power to make regulations not
inconsistent with this Act which may be required for the better carrying out of the provisions
thereof.
39. The provisions of "The Municipal Hail Insurance Act" and of "The Inter-Municipal
Hail Insurance Act" shall not, after the 31st day of December, 1920, apply to any municipality
forming part of the hail insurance district formed under this Act.
40. This Act shall come into force upon the. proclamation of the Lieutenant-Governor-in-
Council.
(5) An Act to amend "The Mutual Hail and Plate Glass Insurance Act.
{Assented to March S7, 1920)
His Majesty, by and with the advice and consent of the Legislative Assembly of Manitoba,
enacts as follows:
ABSTRACT OF STATEMENTS 335
SESSIONAL PAPER No. 9
1 Section 10 of chapter 102 of the Revised Statutes of Manitoba, 1913, being "The Mutual
Hail and Plate Glass Insurance Act." is hereby amended by striking out the last two lines
thereof and substituting therefor the following:
"Provided that the directors shall be residents of the Province of Manitoba and members
of the company insured therein for the time they hold office."
2. Section 14 of the said Act is hereby amended by adding thereto the followmg:
"And the company may provide by by-law that each member of the company shall be
entitled to one vote only at said meetings."
3. Sections 18, 41 and 42 of the said Act are hereby repealed.
4. Section 30 of the said Act is hereby amended by adding the following at the end thereof:
"Provided, however, that where a company issues policies covering a period of more than one
year, the directors may accept in cash the amount of premiums or any part thereof payable
upon such policies for any year of such period."
5. Sub-section (2) of section 33 of the said Act is hereby amended by striking out the
word "twelve" in the second line thereof and substituting therefor the word "twenty".
6. Section 38 of the said Act Is hereby amended by striking out the word "may" in the
first line thereof and substituting the word "shall" and by striking out the word "may" in
the fifth line thereof and substituting the word "shall" and by adding after the word
"assessment" in the fifth line thereof the following: "not less than 20 and."
7. The second paragraph of section 38 of said Act is hereby repealed and the following
substituted therefor :
"Provided that such reserve fund shall be invested either in debentures or other securities
of the Dominion of Canada or of this province, or in municipal debentures or in other securities
in which trustees may invest trust money or may remain in a chartered bank on deposit at
interest, and that twenty-five thousand dollars of such reserve fund or such securities to the
extent of that sum shall be deposited with the Provincial Treasurer and shall be held by him
to the credit of the company so making the deposit. Such deposit or any part thereof shall
be returned to' the company "to whose credit it stands, by the Provincial Treasurer only on the
production of a certificate from the superintendent of insurance that in his opinion such return
is necessary for the purpose of enabling the company to meet its losses in any year in which
the revenues of the company are not sufficient to meet its liabilities. The company having such
deposit to its credit as aforesaid shall be entitled to be credited with interest earned thereon
or on any such securities deposited with the Provincial Treasurer and, except in cases with
respect to which it may be otherwise provided by the Lieutenant-Governor-in-Council, so long"
as any company's deposit is unim,paired and no notice of any final judgment or order to the
contrary is served upon the treasurer, the interest upon securities forming the deposit shall be
handed over to the company when received by him, and this Act shall be construed as if it
had always contained this proviso.
8. Section 44 is hereby amended by striking out the word "Secretary" in the sixth line
thereof and substituting the word "Treasurer" therein.
9. Schedule "B" to the said Act is hereby repealed and the following substituted therefor:
Man., , 192
Notice of Assessment.
To Mr.
(Post office address)
You are hereby notified by the company that your premium
note or undertaking given to the said company for $ . number , being the
registered number of the policy of this company for which the said premium note or undertaking
was given, has been assessed under the direction of the board of directors of the said company
for the sum of $ , being an asfeessment or call at the rate of per centum
on the amount of said premium note or undertaking for losses incurred during the crop season
of A.D. and expenses for the year ending the thirty-first day of December, A.D.
and for the purpose of providing a reserve fund.
And you are further notified that the said assessment is payable at the head oflfice of the
company, in thirty days after this notice is mailed to you, the date of mailing
the same being the date of this notice.
IQ. This Act shall come into force on the day it is assented to.
5. — New Brunswick Legislation
The only legislation affecting insurance companies is that contained in "An Act respecting
the imposition of certain taxes on certain Incorporated Companies and Associations", passed
April 24, 1920. The provisions of this Act respecting insurance or insurance companies are
here given : —
Be it enacted by the Lieutenant-Governor and Legislative Assembly, as follows : —
1. This Act may be cited as "The Corporations Tax Act, 1920."
2. In this part, unless the context otherwise requires : —
(a) The expression "Extra Provincial Corporation" means a corporation created otherwise
than by or under the authority of an Act of the Legislature of New Brunswick.
(b) The expression "Company" when used with reference to insurance, includes any
company, corporation, association, underwriters' agency, firm, partnership or individual
underwriter of any association of underwriters formed upon the plan known as Lloyd's.
(c) The expression "Insurance Company" shall include life, industrial, fire, inland transit.
accident, automobile, bond, burglary, guarantee, explosion, plate glass, sickness, steam
336 DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
boiler, tornado and sprinkler leakage companiea which transact business or accept
risks within the province, wherever the head office may be situated.
(d) The expression "Policy" includes any policy or Interim receipt, or any receipt or paper
in renewal thereof, Issued against loss or damage by fire on property in this province
and Includes a certificate of membership relating in any way to life insurance and
any other written contract contained in one or more documents, providing for insurance
on life or property.
(/) The expression "Premium" means any sum payable as a consideration for insurance
and includes the first premium payable upon a policy of Insurance and the annual or
other premiums thereafter payable thereon whether for renewals or otherwise.
3. In order to provide for the exigencies of the public service there shall be and are hereby
imposed upon the companies and associations hereinafter mentioned, the taxes hereinafter
specifically named, which taxes, each of such incorporated companies and associations
respectively shall annually pay to the Provincial Secretary Treasurer for the use of the Province.
INSURANCE COMPANIES
4. (1) Upon all companies accepting risks for carrying on the business of insurance and
which hold a license under the Insurance Act of the Dominion of Canada to do business
throughout the Dominion, taxes are hereby imposed as follows : —
(o) Upon all companies accepting risks for carrying on the business of Insurance against
fire, two per centum of the net premiums received by each of the said companies
aforesaid ; provided, however, that in no case shall the annual tax be less than one
hundred dollars on any one company.
(6) Upon all insurance companies or associations of any kind having agencies or accepting
risks upon the lives of persons within the Province and transacting the business of
life endowment or industrial insurance, an annual tax of one hundred dollars and in
addition thereto one and one-half per centum of the net premiums received by each
of the companies aforesaid.
(c) Upon all companies accepting risks or carrying on insurance other than life or fire,
two per centum of the net premiums received by each of the said companies aforesaid ;
provided, however, that in no case shall the annual tax be less than Twenty-five
Dollars upon any company.
(2) Upon any company incorporated under the laws of any Province in Canada for the
purpose of carrying on the business of insurance hereinafter referred to as a Provincial Com-
pany which does not hold a license under the Insurance Act of the Dominion of Canada and
which receives a permit from the Provincial Secretary-Treasurer to carry on business within
the Province, a tax of two per centum of the net premiums received by the company aforesaid
provided in no case shall the tax be less than Twenty-five Dollars.
(3) Upon any person, partnership, firm, association or corporation within the province
accepting insurance in any company not taxed by the foregoing subsections of this section,
there is hereby imposed a tax of two per centum of the net premiums paid by any such
Insured ip respect to any insurance policy issued by such company within the Province, provided,
that this tax shall not be imposed with respect to renewal premiums upon all life policies issued
prior to the passing of this Act.
(4) In the construction of Section 4 of this Act the words "net premiums" are hereby
declared to mean the gross premiums received by each of said companies upon its business
within the Province for the year preceding the first day of May of the year in which the tax
is paid less any amount paid for reinsurance within the province, or upon the cancellation of
any of its policies, provided, however, that in the case of a mutual company "net premiums"
shall mean the gross premium deposited less the unabsort)ed portion of the premium actually
returned or credited to the policy holder, but shall include interest at a legal rate upon such
unabsorbed premium during the time it is deposited
13. On or before the first day of May in each year every company doing the business of
insurance within the province shall, without awaiting any notice or demand to that effect from
the Provincial Secretary-Treasurer, forward to him a detailed statement in which shall Jae set
forth the gross amount of the premiums for the then last financial year, showing also in the
case of insurance companies the amounts paid by each such company for reinsurance within
the province or on the cancellation of any of its policies, and if a mutual company, the amount
of net premiums as hereinbefore defined. Every person, partnership, firm, association or
corporation taxed under sub-section (3) of Section 4, shall make return of the amount of net
premiums taxable under this Act. At the same date in each year every incorporated bank or
banking company doing business within the province phall make a report to the Provincial
Secretary-Treasurer of the number and situation of its offices and agencies and of its volume
of business, as required by section 5 of this Act, and every telephone and telegraph company,
shall, through its manager, agent or qualified official, make a true statement in writing under
oath to the Provincial Secretary-Treasurer showing the entire gross receipts within the province
upon which each company is taxed by this Act, and in the case of insurance and eTcpresa
companies doing business within the province, each of such companie.=! shall annually, at the
same date in each year, make a report to the Provincial Secretary-Treasurer of the number
and situation of its agencies and of the names of its agents at each agency ; which report and
return by this section required shall, in all cases, be verified under oath by the manager or
general agent of such corporation within the province, or if there be no manager or general
agent within the province then by the agent at the principal agency within the province.
ABSTRACT OF STATEMENTS 337
SESSIONAL PAPER No. 9
14. Every oorporation or association -whotse duty i.t is to furnisli a statemenit or report to
the Provincial Secretary-Treasurer, as in the last preceding section required, neglecting or^
reiusing to make such statement or report or making an incomplete or incorrect stateim.ent or
report shall, ipso facto, be liable to a fine of ten dollars per day for each day during which
such neglect or refusal continues, counting from the day when such return should have been
made as required by the preceding section until such report or stajtement is forwarded to the
Provincial Secretary-Treasurer. An incorrect or incomplete statement shall be deemed not
to be a report or statement within the requirements of this Act.
15. In 'the .case of a 'Company, corporation, asisooiation, firm, partnens'Mp, individual under-
writer, uniderwriters' agency, or association of underwriters formed upon IJhe plan known as
Lloyd's, whose principal office or orgEunizabion is not wiLliin the Province, and which does not
hold a license under the Insurance Act of the Dominion of Cianada to carry on businesis of
insurance throughout the Dominion, such annual tax and all fines imposed shall be recoverable
in like manner from or against any agent or broker by or through whom any application for
insurance by such company, corporation, association, firm, partnership, individual underwriter,
underwriters' agency or association of underwriters formed upon the plan knows as Lloyd's
was solicited, written, accepted or forwarded, or by or through whom any policy, interim or
renewal receipt of such unlicensed company, corporation, association, firm, partnership,
individual underwriter, underwriters' agency or association of underwriter^, formed upon the
plan known as Lloyd's was issued, signed, countersigned or delivered, or from or against any
adjuster or appraiser acting on behalf of such company, corporation, association, firm, partner-
ship, individual underwriter, underwriters' agency or association of underwriters formed upon
the plan known as Lloyd's
1,8. If any cotnpiany, firm, (broker, aigent or oth'er person, shall, as a representative or agent
of, or acting in any other caipadity bereimbefore imentiomed without paying the taxes herein-
before as provided for, carry on any of sits busineas in iNew Brunswick, said company, firm,
broker, agent, or other person shall inicur a penalty of twenty dollars for every day upon wliich
it, he, or they, so carry on such buisinesis
2i0. Any Provincial Insurance Company wbich idoes not hold a license under the Insurance
Act of the DominTon of iCanada diesirouisi of carrying on the bui^iness: of insuranice "within the
provimce must first make laipplicattion to the Lie.utenant-Oovernor-in-'Council ifor permission so
to do, and shall furnish such information and make such deposit as the Lieutenant-Governor-in-
Oouncil may require. Any provincial company receiving permission or license un'der this
Baotion shall be .subject to all the requirements of this Act. No insurance company -which does
not hold a license under the Insurance Act of the Dominion of Canada or which does not
receive permdisision or a license as hereinibefore provided, shall can-y on any of iits tousinesa
witMn the Province. Provided, however, that tbis section shall not prohibit or prevent any
person, partnership, firm, asisociation or corporation fromi effecting insurtance in an unlicensed
coimii>any in accordance with section 129 of the Dominion Act 7-8 George V, Chapter 29, entitled
"An Act resipeating Insurance." On an insurance coniipany paying to the Provincial iSecretai-y-
Treasurer taxes hereby imposed anti complying with the conditions of this and of other Acts
respecting insurance complanies, uponi the said taxes being accepted by the Provincial Secretary-
Treasurer, such companies shall be considered as havin'g authority to transact business of
insurance within the pix)vince up ito and including the thirty-first day of May next thereafter.
Suoh author^ity shall ceaise on the first day of June in each year unl'ess renewed by the Provin-
cial Seoretary-Treasurer aeceipiting the Siaid tax'es for another year.
21. Any company unauthorized to transact .business of Insurance in this province as provided
by this Act, which ishall issue any policy or agreement for insurance shalll, on conviction, be
subject to a penalty of not less than five hundred dollars, and not more than one thousand
dollars for each (policy sio issued.
22. Every insurance company shall file with the Provincial Secretary-Treasurer the name
ot its general agent through whom all its 'buisineis.& in the province is written or reported, and,
who alone shall be authorized by that comlpany to sign or oountensign policies, or if a oom|pa.ny
has no general agent in tlhis province, the names olf all agents having authority to sign tor
countersign policies for such company ; all such agents or general agents to be residents of the
provinoe ; a company may cancel the appointment of its agent or agents and appoint another
agent or other agents, when and as it se^s fit, provided notice of such change is giiven to the
Provincial Secretary-Treasurer, provided, however, thiat in case of Life Insurance Comipanies
holding a license under the Insurance Act of the Dominion of Canada to dio business^ within
tlhis province or under the provisions of Section i20 of this Act, the policy need not be signed
by any provincial agent ; and further provided that this section shall not apply to a piolicy
issued by an unlicensed company in accordance with 'Seotion 129 of the Dominion Act 7-8
Geiorge V, Oiapter 29, entitled "An Act Reispectinig Insurainoe," and the .policy holder of w.Wioh
has been taxed under sulb-eection (3) of Section 4 of this Act.
23. Any company which issues a policy not signed or countersigned by a resident of this
province named as agenit under Section 2i2, shall be liable to a penaity of not less than two
hundred dollars and not more than five hundred dollars for each policy so issued.
24. Icvery company through its manager holding jurisdiction in the province or its general
agents or other qualified representative residing within the province, shall, annually, if required
to do so, on or before the first day of April, make a return to the Provincial iSecratary-
Treasurer of the net premiums a.s defined by subsection (4) of Section 4 of this Act, on all
business transacted by suieih company .during the year ending the thirty-first day of December
then last preceding, and all books, papers and accounts of such company .shall be oaJen to the
inspection of the Provincial Secretary-Treasurer or any person named by him at any time to
enable him to verify ataitements and transactions aforesaid, tout only siueh agentB ^aill |bfe
subject to this provision as are not required to make returns to any other agent in this provinoe
for premiume received.
9—22
338 DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
25. Any person who adjusts or ai>pTai6«6 a lose other than life for or on behalf of any
comipany under a policy not si&ned or countersigned by a resident of this province, shall be
liable to a penalty of next less than One Hundiped I>ollars and nat more than Two Hundred
Dollars for each offence, but this section shall not apply to a policy issued under section 12d
of the Dominion Act 7-8 Georg-e V., Chapter 2i9, entitled "An Act Respecting Insurance," where
the tax imposed upon any person, partnership, firm, association or corporation under Bub-
section (3) of Section 4 of this Act has been paid.
26. There shall be, and there is hereby imposed upon all sp^ecial or travelling agents or
brokers, soliciting insurance within the province for, or on behalf of any conxpany, corporation-
association, firm, partnership, individual underwriter, underwriters' agency or association of
underwriters formed upon the plan known as Lloyd's, an annual tax of one hundred dollars
to be paid to the Provincial Secretary-Treasurer, prior to such person engaging in such business ;
provided, however, 'that no person who is a resident of the province, at the time of the passing
of this Act and continues to have a residen/ce therein at the time of, and during his employment
as such agent, and during such employment has an oflfice or fixed place of business in the
province, nor any person employed after the passing of this Act who shall have resided within
the province twelve months prior to such employment, and who has during such employment
an office, or fixed place of business as aforesaid, shall be subject to the said tax.
2i7. Any person liable to the tax imposed by Section 26 of this Act wh.o shall engage in the
business of soliciting applications for insurance within the province, for or on behalf of any
company, corporation, association, firm, partnership, individual underwriter, underwritiers'
agency, or association of underwriters, formed upon the plan known as Lloyd's as aforesaid,
without having first paid to the Provincial Secretary-Treasurer the amount of the said ta^,
^all be liable to a penalty of one hundred dollars, and ten dollars additional for every day he
so en!ga^es in said, business.
28. Any agent or person paying the tax aforesaid shall receive a certificate under the hand
of the Provincial Secretarj'-Treasurer, of the i>ayment of the Baid tax, and upon such payrnent,
and the issue of such certificate, notice thereof shall be published in the Royal Gazette. The
payment of sudh tax and issuing of such certificate shall entitle the person named therein to
prosecute the said bxisiness for one year from the date of said certificate but no longer.
29. On the hearing of any information under this Act, proof of the fact of the ?>e(rson
charged having solicited insurance as aforesaid, shall be prLma facie evidence of his guKlt,
and the onus shall be on (him of proving the payment of the said tax, or that he comes within
the exception mentioned in Section 26 of this Act. The production of the certificate of the
Provincial Secretary-Treasurer shall be e\idence of pa>^nent of such tax.
6. — Nova Scotia Legislation.
(1) An Act to Amend Chapter U of the Acts of 1919, entitled. "An Act
Respecting Insurance Agents."
(Passed May 22, 1920.)
Be it enacted by the Governor, Council, and Assejnbly, as follows : —
1. Section 4 of said Act is amended by add'img thereto the following: —
(c) No person, firm, company, or corporation duly licensed under this Act shall pay, allow
or give or offer to pay, allow or give, to any unlicensed person, firm, company, or corporation,
any commission or compensation of any kind, either directly or indirectly, in connection with
services received or rendered in the plia.eing of any policy or of application for life insurance ;
(d) No life insurance company carrying on business in Nova Scotia shall pay or allow any
commission or compensation to any of its agents on any applLoation or policy df insurance on
the life of said agent br on the life of any member of the family of said agent until said agent
has Within twelve calendar months paid and settled for at least three policies on the lives of
persons other than said agent or any member of "his family.
2. Section 7 of said Act as a.mended by adding thereto immedliately after sub-section 2, the
following : —
On and after the first day of June 'and before the first day of the followinig ftionth oif
October the fees payable for the isue of a Certificate of Authority Shall be one-half the fore-
going fees. '
3. Section 8 of said Act Is hereby repealed, and the following substituted therefor: —
"Any person, firm, ooimpany or corporation violating any of the provisions 'of this Act
shall be liable to a penalty of not less than $25 nor more than $200 and may be disqualified
from obtaining a Certificate of Authority within one year from, the date of conviction."
2. A7i Act to Amend Chapter 172, Acts of 1906. entitled "An Act to Consolidate
and Amend, the Acts Relating to the Halifax 'Fire Insurance Coinpany."
(Passed May 18, 1920)^
(a) This Act increases the authorized capital of the com(pany from four hundred thousand
dollars to one million dollars ;
(,b) enlarges the insurance powers of the company to include all classes of insurance;
(c) ojnends the investment powers of the company by permitting investment in securities
anithorized for Canadian companies by the Insurance Act, 1917, chapter 29 of the Statutes of
Canada, 1917 ;
(d) substitutes for the basis of voting prescribed by the company's charter the basis of
one vote for eadh share held, the transfer books of the company to be closed for such period,
not exceedlirug thirty days prior to any meeting as the directors may fix ;
ABSTRACT OF STATEMENTS 339
SESSIONAL PAPER No. 9
(e) clia.ng'es the date of the annual meeting of the company from the first Monday In
February to the first Tuesday in March ;
(/) changes the mxmlber of directors from seven to a number not less than five nor more
than ten ;
(g) confers upon the cornipany the power to sell the undertaking' or property of the com-
pany or any part thereof.
7. — Ontario Legislation
( 1 ) The following portions of the Act to amend The Corporation Tax Act, assented to
May 19th, 1920 refer to insurance companies and the business of insurance: —
2. The clause lettered e in section 2 of The Corporations Tax Act as amended by section
2 of The Corporations Tax Act, 1915, is repealed, and the following substituted therefor: —
(e) "Insurance company" shall include life, fire, ocean, or inland marine, inland transit,
accident, plate glass, automobile, steam boiler and burglary insurance companies and
guarantee, surety or casualty companies which transact business or undertake risks
on lives or property in Ontario, wherever such companies may be incorporated, whether
the head office is situated in Ontario or elsewhere, but shall not include purely mutual
fire insurance companies or mutual live stock and weather insurance companies licensed
or registered under The Ontario Insurance Act, or friendly societies lawfully trans-
acting insurance business in Ontario under the said Act
■•>. Sut'.^ection 3 of section 4 of The Corporations Tax Act, as enacted by section 2 of The
Corporations Tax Act, 1914, and amended by section 4 of The Corporations Tax Act, 1915, is
lepealed, and the following substituted therefor : —
'6. (a) Every life insurance company shall pay a tax of one and one-quarter per cent on
all gross premiums less the cash value of dividends to policy holders, and every other
insurance company of one per cent, calculated on the gross premiums received by the
company in respect of the business transacted in Ontario ;
1 6) In the case of mutual fire insurance companies which receive premiums in cash the
tax shall be calculated on the gross premiums received in cash in respect of the
insurance transacted on the cash plan in Ontario ;
(c) In the case of reinsurance by an insurance company the company reinsured shall be
exempt from the tax imposed on the portion of the premium paid to the reinsuring
company, but the reinsuring company shall be liable for the tax in respect thereof as
part of its gross premiums. Where the reinsuring company does not transact business
in Ontario and has no principal or head oflice therein, the company reinsured shall
retain in its hands so much of the premium for reinsurance as is equivalent to the
tax imposed in respect of such premium, and ^all be liable for the tax and for the
payment thereof to the Treasurer ;
id) Where any country or any state of any country imposes a tax or license fee which has
the effect of dLscriminating against insurance companies or against any classes of in-
surance companies organized under the laws of Canada or of Ontario, and having their
princij)al offices in Ontario, and of imposing a tax or license fee higher or greater
than the tax or license fee which home companies in such state or country are
7-equired to pay, the Lieutenant-Governor in Council may direct that any insurance
company which is organized in or under the laws of any such country or state, or has
its head or principal office therein, and which transacts insurance business in Ontario,
shall pay in addition to the tax imposed by clauses (a) and (b) of this subsection, a
tax calculated on the gross premiums received by the company or in respect of the
business transacted in Ontario during the preceding year, but so that such increase
shall not exceed the equivalent of the extra tax or license fee or both imposed in
such country or state ;
i.e) In estimating the amount of the tax payable under this Act by an insurance company
every premium which
1. Is by the terms of the policy or renewal thereof of otherwise payable in Ontario ; or
ii. is paid in Ontario ; or
iii. is payable upon or in respect of a risk undertaken in Ontario ; or
iv. is' payable in respect of insurance of a person or property resident or situate in
Ontario at the time of payment, whether such premium is earned wholly or
partly in Ontario or elsewhere, and whether the business is transacted in respect
of such policy or the payment of such premium is made wholly or partly within
Ontario or elsewhere, shall be deemed to be a premium in respect of business
transacted in Ontario ;
(/) The chief agent in Ontario under The Ontario Insurance Act of an extra-provincial
insurance company and every other insurance company shall keep a separate book or
set of books in which shall be entered the premiums mentioned in clause e of this
subsection, and all other income of the company in respect of business transacted in
Ontario, and in default the company shall incur a penalty equal in the case of a life
insurance company, to one and one-quarter per cent., and in the case of every other
insurance company to one per cent., on the total gross premiums and other gross
income of the company.
9— 22i
340 DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
(2) Art Act to amend The Ontario Insurance Act.
(Assented to June I,, 1920).
His Majesty, by and with the advice and consent of the Legislative AssemVjly of the
Province of Ontario, enacts as follows : —
1. This Act may be cited as The Ontario Insurance Amendment Act, 1920.
2. The clause lettered b in section 40 of The Ontario Insurance Act is amended by stpikinj?
out the words "not exceeding six dollars per week" and substituting therefor the words "not
exceeding ten dollars per week!"
3. Sections 69 and 7'0 of the said Act are amended by striking out figures "1910" wherever
they appear in the name "The Insurance Act, 1910 (Canada)".
4. Section 99a of the said Act as enacted by section .5 of The Ontario Insurance Amend-
ment Act, 1914, is hereby amended as follows: —
(a) By striking out the words "firm or corporation" in the third line of subsection 1 ;
(b) By repealing subsection 2 of the said section and substituting the following therefor: —
(2) No agent shall act for any company in Ontario unless he has fully complied with
the provisions of this section and has procured an agent's certificate of authority
from the Superintendent of Insurance to do the class of insurance which that
company is licensed or registered to do in the province ;
(c) By adding the following subsection 2a: —
(2a) An agent's certificate of authority may be issued for any one or more of the
following divisions of Insurance business vis: (a) life insurance; (b) fire
insurance; (c) casualty insurance. The Superintendent may make regulations
specifying the classes of insurance which may be included in these divisions and
may include any class of insurance in two or more of the said divisions if in
his opinion the character of the business so requires ;
id) By repealing subsection 5 and substituting the following therefor: —
(5) An agent having received a certificate of authority may act during the term of
such certificate as agent for any company licensed or registered in Ontario to do
the class of business to which the said certificate of authority applies.
5. Subsection 1 of section 163 of the said Act is hereby amended by striking out the word
"or" in the second line thereof and by inserting after the words "lawful heirs" in the second
line thereof the words "or next of kin".
6. The said Act is amended by inserting therein the following section : —
78 j (1) A friendly society incorporated and registered under the law of Ontario shall not
reinsure or amalgamate with or accept the transfer of membership or funds of any
other society registered according to the provisions of this Act unless such reinsurance,
amalgamation or transfer is evidenced by a contract in writing setting out in full
the terms and conditions of such reinsurance, amalgamation or transfer, and such
contract is filed with the Superintendent together with a sworn statement of the
financial condition of each of such societies by its principal officers and a certificate
of such officers duly verified under oath that such reinsurance, amalgamation or
transfer has been approved by a vote of two-thirds of the members present or duly
represented at a meeting of the supreme legislative or governing body of each of said
societies regularly oalledi
(2) The Superintendent may require such additional actuarial or other reports as he may
deem necessary, which reports shall be prepared at the expense of the societies.
(3) If, in his opinion such financial statements are correct and reports satisfactory and the
contract in conformity with the provisions of this subsection and such reinsurance,
amalgamation or transfer is just and equitable to the members of the societies and that
the interests of such members are properly protected by the contract, he may approve
such reinsurance, amalgamation or transfer and issue his certificate to that effect and
thereupon such contract shall be of full force and effect and binding upon the societies
which are parties thereto and upon all members thereof.
(4) If one of the contracting societies is a friendly society not incorporated under the law
of Ontario, the ■Sm>erin ten dent shall not issue his certificate until it has been
established to his satisfaction that such society has fully complied with the requirements
of the law of the legislative authority under which the society was incorporated ;
provided that a certificate of the supervising insurance official appointed by such
legislative authority that such society has fully complied with the requirements of the
law of the said authority shall be sufficient evidence to the Superintendent of that
fact.
(3) An Act respecting Payment of l7isiirance on Lives of Soldiers
(Assented to June i, 19Z0).
His Majesty, by and with the advice and consent of the Legislative Assembly of the
Province of Ontario, enacts as follows : —
1. Notwithstanding the provisions of section 33 of The Statute Law Amendment Act, 1919,
any municipal corporation may pay to the parents, widows, children, brothers or sisters, or
to anyone acting in loco parentis, insurance effected under the Act passed in the 5th year of
His Majesty's reign, chapter 37, or any amendments thereto, upon the lives of offices and men
resident in the municipality at the time of enlistment, who during the great European War
were on active service with the naval or military forces of the British Empire or. Great Britain's
allies, where such officers and men have died before discharge from such forces or within
such time thereafter as may be fixed by the council of such municipality.
ABSTRACT OF STATEMENTS 341
SESSIONAL PAPER No. 9
8. Saskatchewan Legislation
An Act respecting Hail Insurance by Municipalities. (Assented to February 4, 1920.)
His Majesty, by and with the advice and consent of the Legislative Assembly of Saskatche-
wan, enacts as follows : —
SHORT TITLE
1. This Act may be cited as "The Municipal Hail Insurance Act, 1920." 1917, c. 15, s. 1,
amended.
INTERPRETATION
2. In this Act, unless the context otherwise requires, the expression :
1. " Association " means the Saskatchewan Municipal Hail Insurance Association ;
2. "iCouncil" means the council of a rural municipality;
3. "Croips" means and includes crops of wheat, oats, barley, flax, rye or speltz ;
4. " Land under cultivation " means and includes cropped, ploughed, summerfallowed and
garden land ;
5. "Minister " means the minister of municipal affairs ;
6. " Municipality " means a rural municipality ;
7. " Ratepayer " means a person of the full age of eighteen years whose name appears on
the last revised assessment roll of the municipality ;
8. " Secretary treasurer " and " reeve " mean respectively the secretary treasurer and reeve
Of a rural municipality. 1917, c. 15, s. 2, amended.
HAIL. INSURANCE ASSOCIATION
3. (1) There shall continue to be an association to be called "The Saskatchewan Municipai
Hail Insurance Association," which shall consist of representatives of all the municipalities
which exercise the powers provided by section 16 of this Act.
(2) Each municipality shall be represented by one delegate appointed by the council.
(3) Delegates need not necessarily be members of the counicils of the r€.speotive rnunixyi-
palitles which they represent, but they shall be resident electors of such municipalities. 1917, c.
15, s. 3.
4. The head office of the association shall be at Regina in the province of Saskatchewan.
1917, c. 15, s. 4.
5. The association shall be a corporate body and shall have the following powers :
(a) to borrow money for the purpose o'f carrying out the objects of its incorporation, tc
hypothecate, pledge and mortgage its property, rights, assets and prospective revenues,
and to sign bills, notes, contracts, and other evidences of or securities for imoiney
borrowed or to be borrowed for the purposes aforesaid ;
(b) to invest any reserve funds or surplUvS. as the same may from time to time be accumu-
lated, in such manner as may be approved by the Lieutenant Governor in Council ;
(c) to transact the business of indemnifying against loss occasioned by hail the owners
of crops growing within the area of municipalities which exercise the powers conferred
by section 16 of this Act. 1917, c. 15, s. 5, amended.
6. The association shall hold an annual general meeting of its members for the election
of directors, for the presentation and consideration of the reports of the officers of the associa-
tion and for the transaction of such other business as may come before the meeting under the
provisions of this Act. New.
7. (1) There shall be a board of nine directors who shall be paid such remuneration as the
association may determine. All directors shall hold office for three years.
(2) Three directors shall retire each year and a sufficient number shall be elected by the
association each year to fill the vac^incies occurring.
(3) Directors need not be delegates. 1917, c. 15, s. 8, amended.
8. The persons entitled to vote at all general meetings of the association shall be the
appointed delegates of the municipalities as provided in section 3 hereof. 1917, c. 15, s. 9,
amended.
9. (1) The directors shall meet immediately after the annual general meeting of the
association and organize by electing from their own number a president and vice-president,
and appointing a secretary and treasurer who may, or may not, be directors.
(2) One person may be appointed to the joint office of the secretary and treasurer. 1917,
c. 15, s. 10.
10. The directors shall appoint an executive committee, consisting of the president, vice-
president and one other member of the Board, any two of whom shall constitute a quorum.
1917, c. 15, s. 11.
11. The executive committee shall have such powers as may be delegated to it from time
to time by the directors. 1917, c. 15, s. 12.
12. The directors may engage, and fix the salaries or compensation of all officers, agents
and employees of the association, and may define their duties ; but may, if it be deemed advis-
able, delegate such powers to the executive committee or to such officer or officers as may be
in control of the association's business. 1917, c. 15, s. 13.
13. The directors may fill any vacancy that may occur in the board, and the pers*-
appointed shall hold office until the next general meeting. 1917, c. 15, s. 14.
342 DEPART ME XT OF IXSURANCE
11 GEORGE V, A. 1921
14. (1) The association may from time to time make such by-laws, not contrary to law
or inconsistent with this Act, as may be deemed expedient, for all or any of the following"
purposes : —
(a) providing for the administration, management and control of its property and business;
(b) requiring reports to be made to the association by municipalities or officials of munici-
palities and by persons liable to assessment under this Act, showing the acreage under
crop in each municipality exercising the powers provided by section 16 of this Act,
or the crop acreage in respect of which the person reporting is assessable in each
such municipality, the crops growing thereon and the names of the owners and the
situation of each such crop, and providing penalties for failure to comply with the
terms of the by-law ;
(c) providing for the conduct in all particulars of its affairs as may be considered necessary
or expedient for carrying out the provisions of this Act according to their true intent
and meaning.
(2) The directors shall possess all the powers of making by-laws hereinbefore conferred
upon the association, but no by-law of the directors shall be contrary to or inconjiatenc with
an unrepealed by-law of the association, and any by-law made by the directors may be amended
or repealed by a by-law duly passed by the association. 1917, c. 15, s. 15 ; 1918-19, c. 41, S.
2 ; amended.
15. The association shall close its boolcs on or before the last day of February in each year,
and immediately thereafter have a full and complete audit made of its books, records and
accounts by one or more chartered accountants, and on completion of such audit shall prepare
and publish a full and complete report of its operations during its last preceding fiscal year.
A copy of such report shall be furnished to the minister and to the reeve and the secretary-
treasurer of each municipality under the Act. 1917, c. 15, s. 17.
POWERS OF MUNICIPALITY
16. (1) Any municipality may, jointly with other municipalities and subject to the provisions
of this Act, undertake the Indemnification of owners of crops growing within the area oi* all
such municipalities against loss occasioned by hail.
(2) Every municipality other than those above mentioned may be admitted to the benefits
and rights conferred by this Act upon such terms as by by-law the association may direct.
1917, c 15. s. 18.
PROCEDURE
17. (1) The council of any municipality may, at a regular meeting thereof held between
the first day of August and the first day of October in any year, resolve to submit to the electors
at the next ensuing annual election a by-law empowering the municipality to engage in the
undertaking mentioned ir. the next preceding section.
(2) Such by-law shall be Ln form A in the schedule to this Act, shall receive its first and
second reading on or prior to the first day of October, and sh ill be submitted and voted upon
at the regular annual election then next ensuing.
(3) Upon receipt before the first day of November in any year of a petition to that effect,
signed by not less than 25 per centum of the resident ratepayers of the. municipality, such
bylaw shall receive its first and second reading as soon as possible thereafter, and the council
shall submit same to be vot^d upon 'as hereinbefore provided.
(4) Upon receipt, before the first day of November in any year, of a petition to that effect
signed by not less than 25 per centum of the resident ratepayers of the municipality the coun-
cil shall submit to be voted upon at the then next ensuing annual election a bylaw repeal.r.g
any bylaw of such municipality passed under the provisions of the first, second and third
subsections hereof and of sections 18 to 22 Inclusive of this Act.
(5) Such repealing bylaw shall be in form B in the schedule to this Act, and shall receive
its first and second reading as soon as possible after the receipt of the petition mentioned in
the preceding subsection.
(6) Forthwith after any such bylaw shall have received its second reading, the secretary-
treasurer shall notify the minister of such action having been taken.
(7) Forthwith after the second reading of any such bylaw the secretary-treasurer shall
cause the same to be published in two successive issues of a newspaper published in or
nearest to the centre of such municipality or a newspaper circulating in the municipality,
together with a notice according to form C in the schedule to this Act ; and isujch publication
shall be completed within a month of the date of such second reading, 1917, c 15, s. 19.
IS. For the purpose of taking the votes the secretary-treasurer shall prepare and pro--,
cure ballots according to form D in the sai'd schedule, and shall supply the deputy returning
officer for each polling subdivision within the municipality, when furnishing him with supplies
and instructions for such election, with a sufficient number of ballots for all persons who may
be entitled to vote uiJon such bylaw within his polling subdivision, together with three copies
of the bylaw, two of which it shall be the duty of the deputy returning officer to post up in
conspicioois places dn his polling booth, and one of which shall be kept by him for reference.
1917, c. 15. s. 20.
ABSTRACT OF STATEMENTS 343
SESSIONAL PAPER No. 9
19. (1) The deputy returning officer shall, when delivering- ballots to voters for the elfec-
tion of municipal officers, hand one to each voter entitled to vote upon the bylaw, and shall
record in the polling book for such election in a se.parate column the fact of having done so and
of such ballot having been cast.
(2) The voting upon such ballot and the essentials to the legal sufficiency thereof, the
number of votes cast for and against the bylaw and the statement and returns as to same and
as to the result of the voting thereon, shall be in accordance mutatis mutandis with the pro-
visions and formalities required with respect to the election of municipal officers at such
elections. 1917, c. 15, s. 21.
20. (1) The persons entitled to vote upon such bylaw shall be all ratepayers of the muni-
cipality, except those who are qualified only in respect of lands within the limits of a hamlet
or lands held under grazing lease from the Dominion of Canada.
(2) In case of a vote on a repealing bylaw no person shall be entitled to vote wha has
withdrawn his land from the operation of the bylaw for the current year as provided in sec-
tions 26, 27 and 28 hereof. 1917, c. 15, s. 22, amended.
21. (1) In the event of any such bylaw receiving the assent of the majority of the voters
voting thereon, the council shall, on or before the tenth day of January next after such voting,
finally pass the same, and shall cause the secretary-treasurer to prepare, certify and forward
to the minister during the same month two copies thereof together with a certified statement
by the returning officer of the votes cast for and against.
(2) In case the bylaw fails to receive such assent, the secretary-treasurer shall, never-
theless, forward to the minister such certified statment on or before the date above mentioned.
1917, c. 15, s. 23.
22. (1) Upon the publication of the minister's approval of the bylaw in The Saskatchewan
Gazette, and noit earlier, it shall come into force and be valid 'anld binding to all intents and
purposes.
(2) The Minister shall forthwith cause notification to be given to the association of the
publication of his aproval of such bylaw, and, in case of a repealing bylaw, of the withdrawal
of the municipality from the benefits of this Act, and thereafter in case of a repealing bylaw
no claims or losses arising within such municipality shall be valid or be recognized by the
association. 1917, c. 15, s. 24, amended.
ASSESSMENT.
23. (1) Upon publication in The Saskatchewan Gazette of the m.inister's approval of the
bylaw in form A, all persons shall become and be liable to be assessed for a rate of four
oemts per acre, together with such additiomal rate, if any, as may be imposed under the pro-
visions of section 24 hereof, upon all the lands within the municipality (exclusive of lands
within any hamlet therein and lands held under grazing lease from the Dominion of Canada)
upon or in respect of any interest in which they are assessable for municipal purposes.
(2) The publication of such appro\'al shall constitute a valid and sufficient notice to all
persons concerned of their liability to assessment under this Act, and the rates levied in each
year thereafter shall be and remain until paid a charge and tax upon such land or upon any
interest therein of the party assessed, notwithstanding that the title to such land may be in
the OrowTi or that the lands themselves <are otherwise not liable to assessmenit.
(3) Where at any time before the passing of this Act the minister's approval of a bylaw
was pulDlished in " The Saskatchewan Gazette " but the secretary-treasurer of the municipality
omitted to publish a notice of such approval, as required by the statute at the time in force,
it is hereby declared that, notwithstanding such omission, all persons in the municipality
shall be deemed to have become liable to be assessed and to have been, assessed by virtue of
such bylaw for the special rate and the additional rate, if any, on the first day of May in the
year in which such omission took place, in the same manner and to the same extent in all
respects as if the said notice had been duly published. 1917, c. 15, s. 25 ; 1918-19, c. 41, s. 4 ;
amended.
24. The directors shall fix annually a rate per acre in addition to the flat rate of four
cents per acre to be levied on all the land of an owner or occupant under crop in excess of
forty acres, such rate to be collected in the same manner as the said flat rate. 1918-19, c. 41,
s. 1, in part, amended.
25. (1) Every person liable to assessment under this Act shall, on or before the first
day of June in each year and subject to the provisions of any bylaw made under clause (b)
of subsection (1) of section 14 hereof, make a report to the secretary-treasurer of the
municipality, in a form to be prescribed by the association, giving a legal description of the
land in the municipality in respect of which he is assessable, together with the number of
acres actually under crop or intended to be put under crop in the current year ; and he shall
be bound for purposes of assessment and in case of loss by hail by the statements contained
in such report.
(2) If the assessable person fails to make such report on or before the date mentioned,
the secretary-treasurer or such other official or officials as the council may appoint shall certify
to the best of his or their knowledge and belief the name of the owner, or occupant, the legal
description of the land and the number of acres cropped. The owner or occupant shall be
bound by the facts as so certified, and the crop acreage in respect of which he is insured
shall be the crop acreage so certified. New.
WITHDRAWALS.
26. (1) Any owner or occupant of land within the municipality may, prior to the first
day of June in any year, by written notice to the secretary of the association, withdraw from
344 DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
•...1 (peration of the bylaw the following lands in respect to which he is liable to assessment,
urion satisfying the association and the council that the same are : —
(a) one or more quarter sections completely inclosed by a substantial fence in good
repair of not less than two strands of wire on posts not more than thirty-three feet
apart and actually used by him for grazing and hay purposes only ; or
(b) an unpatented quarter section held by him under homestead, pre-emption or purchased
homestead entry from the Dominion of Canada, upon which there are less than forty
acres under cultivation ; or
(c) one or more quarter sections with less than forty acres per quarter under cultivation,
the remaining portion of which is completely inclosed by a substantial fence in good
repair, of not less than two strands of wire on posts not more than thirty-three feet apart,
and actually used by him for grazing and hay purposes only.
(2) The owner of land within the municipality not exceeding in area 640 acres may with-
draw from the operation of the bylaw by written notice to the secretary of the association,
prior to the first day of June in any year, upon satisfying the association and the council
that not less than twenty-five per cent of the said land is under cultivation.
(3) The owner of land within the municipality exceeding in area 640 acres may with-
draw from the operation of the bylaw by written notice to the secretary of the association,
prior to the first day of June in any year, upon satisfying the association and the council that
not less than fifty per cent of the said land is under cultivation. 1917, c. 15, s. 26, in part
amended; and partly new.
27. (1) The secretary of the association shall, immediately after the first day of June,
transmit to the secretary-treasurer of the municipality a list of all notices of withdrawal
affecting the said municipality together with particulars of same, and the council shall, during
the said month of June, consider each such notice and shall, if satisfied that the land specified
therein may properly be withdrawn under the provisions of the next preceding section,
approve the withdrawal.
(2) Forthwith after such action of the council and before the first day of July, the
secretarj'-treasurer shall prepare and forward to the association a detailed statement, verified
by statutory declaration, of all the lands, the withdrawal of which has not been approved by
the council.
(3) All withdrawals shall be subject to review by the board of directors of the association,
and, if the board decide that any withdrawal has been impropei'ly made, it may order that the
withdrawal be cancelled and that the rate or rates be levied against such land ; and, upon
receipt by the secretarj'-treasurer of a notice from the board to that effect, the secretary-
treasurer shall cancel the said withdrawal.
(4) Any land withdrawn from the operation of the bylaw under the next preceding
section shall remain withdrawn for a period of at least one year and until, upon the written
application of the owner or occupant to the secretarj^ of the association, the board directs
that such land be again brought under the operation of the bylaw and notifies the secretary-
treasurer of the municipality of the terms and conditions upon which the application is
granted, which reasonable terms and conditions the board is hereby authorised to impose ;
and during the period of withdrawal the land shall be exempt from rates levied (under this
Act. 1917, c. 15, s. 26, in part, amended ; and partly new.
28. When any crop insured under this Act is destroyed in any other manner than by hall,
the owner or occupant of the land on which such crop was grown may, by sending notice by
registered letter addressed to the secretary of the association at his oflice in Regina not later
than the twentieth day of July, giving the location of the crop and furnishing proof satisfactory
to the board of directors of such destruction, withdraw such crop from the operation of the
bylaw for the current year, and in that case he shall be entitled to a proportionate rebate in
respect of the rates payable for crop so withdrawn as provided in the bylaw of the associa-
tion in that behalf:
Provided, however, that no rebate shall be granted for any portion of the crop that may
be harvested. New.
COLLECTION OF RATES.
29. (1) The secretary-treasurer of the municipality shall cause to be entered upon the
assessment roll of the municipality for the current j'ear, against all lands and interests in
lands within the municipality not withdrawn as provided by sections 26, 27 and 28 and relieved
from assessment, and against the persons to be assessed in respect thereof, the rates for the
then current year, for raising a fund to carry out the purposes of the bylaw and the provisions
of this Act.
(2) Such rates shall be collected in the same manner as municipal taxes are collected,
and shall if unpaid when due be recoverable in all respects as municipal taxes on land are
recoverable ; and, with respect to the collection thereof, the municipal oflficers from time to
time charged with the collection of the municipal taxes shall have the same powers and be
subject to the same duties as with respect to the collection and recovery of municipal taxes
within the municipality.
(3) In the event of any such rate remaining unpaid after the thirty-first day of October
in the year in which they are levied, there shall be added thereto by way of penalty the sum
of one dollar for every quarter-section of land or portion thereof with respect to which such
rates then remain unpaid.
M) In the event of any such rate remaining unpaid after the thirty-first day of December
of the year in which the same was levied, there shall be added thereto by way of penalty a
sum equal to eight per cent of the arrears ; and upon the expiry of each succeeding year during
ABSTRACT OF STATEMENTS 345
SESSIONAL PAPER No. 9
which the whole or any portion of the combined amount of rate and penalty remains unpaid,
an additional sum equal to eight per cent of the arrears shall be added thereto.
The provisions of this subsection shall apply retrospectively as of the first day of January,
1920, to all rates not paid on or before the day on which this Act comes into force. 1917, c. 15,
s. 27, amended.
3i0. (1) The secretary-treasurer shall on or before the fifteenth day of June in each year
in which any rate assessed under the authority of this Act becomes payable, forward to the
secretary of the association a statement in the form prescribed, verified by statutory declaration,
showing the full area of all lands in any way assessable within such municipality for the
purposes of this Act.
(2) The secretary-treasurer shall, on or before' the first day of November in each year,
remit to the secretary of the association the total amount of such rates according as the same
have been or should have been assessed for such year; Provided that, with the written consent
of the board previously obtained, the secretary treasurer may withhold from such remittance
the total amount of the rates levied upon land titles to which is in doubt or with respect to
which the right of the municipality to assess is in dispute.
(3) In case of the punctual payment to the association on or before the said first day of
November in any year of the total amount of such rates as assessed for the year, the municipality
may retain the full amount of all penalties imposed under this Act ; otherwise the same
shall be paid over to the association along with the rates or the balance thereof as remitted
from time to time. 1917, c. 15, s.28, amended.
31. In the event of the secretary-treasurer being unable to remit the full amount of such
rates as provided by the second subsection of section 30 hereof, he shall immediately after
the date fixed for such payment open a separate bank account to be termed "The Hail Insurance
Trust Account," to which all hail insurance levies and penalties then collected shall be
transferred and into which such levies and penalties thereafter collected shall be paid. H«
shall also forthwith remit to the secretary of the association all moneys so transferred, and
shall, from time to time, remit moneys paid in, as directed by the association. 1917, c. 15, s. 29,
amended.
32. The association shall allow to the municipality out of the moneys received from it
such remuneration for services rendered as shall be fixed annually by the board of directors.
New.
33. In case of rates levied for any year preceding the year in which this Act comes into
force, and penalties imposed thereon, remaining unpaid, the municipality in default shall pay to
the association interest at the rate of eight per centum per annum upon the amount of the
arrears. 1917, c. 15, s. 30.
Claims for Damage.
34. (1) The owner of a crop or portion thereof upon land assessed and liable for rates
imposed under this Act who, between the sixteenth day of June and the fifteenth day pf
September, both days inclusive, in any year in which such land is so assessed, suffers loss
through damage by hail to the standing crop on such land, of which he is the owner or tenant
or the representative of either, shall, within three days of such damage being sustained, give
notice thereof to the secretary of the association by registered letter addressed to him at 'Regina.
(2) Such notice shall state: —
(a) the number of acres damaged;
(b) the percentage of damage done ;
(c) the claimant's interest, if any, in the crop;
(d) the interest, if any, of any other person in the said crop;
(e) the name of the person responsible for payment of the hail insurance rates on the
said land ;
(/) the section, township and range in which the claimant resides, and his usual post
oflice address ;
and shall be witnessed and verified by a neighbour.
(3) In case such claimant does not reside within two miles of the crop in respect to which
the claim is being made, such notice shall contain the name, section, township and range of
some person residing within two miles of such crop, who shall be recognized by the inspector
as the representative of such claimant for this purpose. 1917, c. 15, s. 31, amended.
35. The secretary of the association upon receipt of any claim of loss, shall deliver or
forward the same to an. inspector, who shall inquire into such claim, estimate the loss, and
transmit a written report to the secretary of the association. 1917, c. 15, s. 32, in part amended.
PAYMENT OF CLAIM
36. (1) Each claimant shall be entitled to receive out of the said fund indemnity of not
more than five cents per acre for every one per centum of damage which the board may decide
that he has sustained by hail over or upon his area of injured crop ;
Provided that no claimant shall be entitled to indemnity under this Act for any damage
less than five per centum of the crop upon such hailed area at the time of damage ;
Provided also that damage from hail throughout the same season and upon the same area
shall be treated as cumulative.
(2) In all cases where the loss or damage by hail is less than five per cent, of the crop
upon such hailed area at the time of damage the cost of inspection shall be paid by the claimant,
and the amount of such costs shall be added to the rates imposed under this Act upon request
of the secretary of the association. 1917, c. 15, s. 33 ; 191S-19, c. 41, s. 5 ; amended.
346 DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
37. (1) Subject as herein provided all losses of which the association has had legal notice
under the provisions of section 34 hereof shall be paid by it before the fifteenth day of December
In each year, but in the event of its total actual and estimated revenues not being considered
by the association to be sufficient to pay all losses in full, the same shall be paid pro rata.
(2) In the payment of lossess by the association, whether in full or \>yo rata, priority shall
be given to losses arising in municipalities which have discharged their indebtedness to the
association in full on or before November 1 in the then current year, and the association may
make such regulations as it deems equitable for the payment of losses arising in other
municipalities under the Act.
(3) The secretary of the association, shall, if requested so to do by any municipality,
retain out of the moneys so payable the amount owing by way of rates upon each quarter
section of land with respect to which such moneys are payable, and shall remit such moneys so
retained to the secretary-treasurer of the municipality to be credited by him upon the said
rates. 1917, c. 15, s. 34; 191S-19, c. 41, s. 6; amended.
GENERAL
38. (1) All moneys to be collected by any municipality under the authority of this Act
and of any such bylaw shall be a debt due by such municipality to the association, and may be
recovered by it by action in any court of competent jurisdiction in the province.
(2) In case any municipality shall make default in the payment of any. moneys payable
by it to the association under the provisions of section 30 hereof, before the date fixed for the
final adjustment and payment of losses as aforesaid, the association may apportion, pay out
and apply all moneys otherwise received by it hereunder to satisfy and discharge all claims
incurred within the limits of the municipalities, other than the municipality so in default, which
may be entitled to the benefits of the indemnity herein provided, and may pay such claims in
full without regard to claims which may have arisen within the limits of the defaulting
municipality. 1917, c. 15, s. 35.
39. (1) The council of any municipality may borrow from any person, bank or corporation,
upon its promissory note, signed by the reeve and the secretary-treasurer and secured by any
portion of such rates and any penalties thereon from time to time remaining unpaid, such sums
of money as may be required to enable it to pay in full to the association the amount of the
rates assessed within such municipality under such bylaw during the then current year, and may
renew any such note from time to time.
(2) The securing of any such loan by any municipality shall not limit or impair its borrow-
ing powers under any Act or law fixing or limiting the same. 1917, c. 15, s. 36, amended.
(40) The adjudication of the association upon all claims for indemnity sent to it under this
Act shall be determined upon the report of the inspector thereon ; but the association may
require such further reports and evidence in considering any such claim as it may see fit and
the adjudication of the board upon each such claim and upon its apportionment among
claimants shall be final. 1917, c. 15, s. 37.
41. The costs and expenses of and in relation to the inspection and adjudication of all
claims for indemnity under this Act shall be such as the association may tax and allow, and
shall, together with the allowance to and the expenses of the association and its officers, be
paid out of the funds in the hands of the association under this Act. 1917, c. 15, s. 38.
42. In the event of any municipality being in arrears to the association for an amount equal
to two years' assessment, the directors may suspend the operation of sections 23, 34, 35 and
36 of this Act with respect to such municipality. Notice of such suspension shall be given to
the secretary-treasurer of such municipality and publish in The Saskatchewan Gazette and in
the newspaper published nearest to the centre of the municipality on or before the first day
of March in such year. 1917, c. 15, s. 39; 1918-19, c. 41, s. 7 (1) ; in part; amended.
43. Any secretary-treasurer or other officer or person who refuses or wilfully neglects to
perform any duty required of him by this Act or any bylaw of the association or who makes
a return that is wilfully false or misleading in any particular, or who performs any act for-
bidden by this Act, shall be guilty of an offence and liable, upon summary conviction, to a fine
of not less than $10 nor more than $100. 1917, c. 15, s. 40, amended.
44. Any municipality which refuses or neglects to transmit to the association any report on
or before the day fixed by bylaw of the association for the transmission thereof, shall, for every
such neglect or refusal, be liable to a penalty of $1 for every day during which the default
continues. Such penalty may be deducted from any remuneration that may be due the
municipality under section 32 of this Act. New.
45. (1) If anything required to be done by or under this Act at or within a fixed time
cannot be or is not so done, the minister may by order from time to time appoint a further
or other time for doing the same, whether the time within which the same ought to have been
done has or has not expired.
(2) Anything done with the time prescribed by such order shall be as valid as if it had
been done within the time fixed by or under this Act. 1917, c. 15, s. 41.
46. Moneys due as indemnity to claimants under this Act shall be exempt from garnish-
ment or attachment and incapable of being assigned. 1917, c. 15, s. 42.
47. The right to be indemnified for loss by hail, to which the owner of -a crop may be
entitled under the provisions of this Act, shall cease when the grain is cut or harvested
or wholly destroyed by any agency other than hail. 1918-19, c. 41, s. 8.
48. (1) For the purpose of enabling the association to make full use of its assets in
meeting claims accruing against it in any year, irrespective of the amount of its collections,
the Lieutenant Governor in Council may enter into agreements with the association and with
ABSTRACT OF STATEMENTS 347
SESSIONAL PAPER No. 9
persons lending money to it, guaranteeing repayment of tlie sums advanced, either originally
or upon renewal, with interest.
(2) Such advances may be by way of continued and repeated transactions.
(3) The agreements may provide such terms and conditions, with regard to all or any.
of such advances, including extensions of time to the association and freedom of the lender
from responsibility for the securities, as may be set forth in the Orders in Council authorizing
the same. i |
(4) The association may secure the province against loss through a guarantee in such
manner and form as the Lieutenant Governor in Council may approve.
(5) Agreements may be signed on behalf of the iirovince by the provincial treasurer or
such other officer as may be from time to time designated by the Lieutenant Governor in
Council for the purpose ; and when an agreement is so signed the province shall become liable
for the payment of the principal and interest thereby secured.
(6) Every agreement so signed and purporting to be made hereunder shall be conclusive
evidence in favour of the lender as against the Crown and the association that the terms of
this Act with respect thereto have been complied with, that the obligations therein set forth
are valid and binding obligations of the CTown and the association, and that the terms and
conditions therein contained are authorized by this Act. 1917, c. 15, s. 43.
49. The assets of the hail insurance commission constituted by The Hail Insurance Act 1912,
and continued by The Municipal Hail Insurance Act, are hereby vested in and the liabilities
of the commission imposed upon, the association. 1917, c. 15, s. 44.
50. The following enactments are hereby repealed :
7 George V, 1917, c 15.
9 George V, 1918-19, c. 41.
SCHEDULE
(Section 17 (2).
Bylaw No. of The Rural Municipality of
No.
A bylaw to authorize this municipality to join with other municipalities to indemnify
owners of crops within their limits from loss occasioned by hail.
Under the authority of The Municipal Hail Insurance Act, 1920, the council of The Rural
Municipality of
No. enacts as follows :
1. This municipality shall, subject to the provisions of the said Act, jointly with other
municipalities undertake the indemnification of owners of crops growing within the area of
such municipalities against loss occasioned by hail.
Read a first time this day of 19
Read a second time this day of 19
Read a third time after having received the assent of the electors thereto and finally passed
at this day of 19
Reeve.
Secretary-Treasurer.
(SEAL)
FORM B.
(Section 17 (5))
Bylaw No. of the rural municipality of
No.
A Bylaw to repeal a bylaw authorizing this municipality to join with other municipalities
to indemnify owners of crops within their limits from loss occasioned by hail.
Under the authority of the Municipal Hail Insurance Act, 1920, the council of the Rural
Municipality of No. enacts as follows :
1. A bylaw authorizing this municipality to join with other municipalities to indemnity
owners of crops within their limits from loss occasioned by hail, which bylaw vra.3 read a
third time after having received the assent of the electors and finally passed at
the day of 19 , is hereby repealed.
Read a first time this day of 19
Read a second time this day of 19
Read a third time after having received the assent of the electors thereto and finally
passed at this day of 19
(SEAL)
Reeve.
Secretary-Treasurer.
348 DEPARTMENT OF JXSURANCE
11 GEORGE V, A. 1921
FORM C.
(Section 17 (7))
NOTICE TO ELECTORS.
The above is a true copy of a proposed bylaw No. which has been taken into
consideration by the council of The Rural Municipality of No.
and which in the event of the assent of the electors being obtained thereto will be finally
passed on or before the tenth day of January, 19
And notice is hereby given that a vote of the electors entitled to vote thereon will be
taken upon said bylaw at the next ensuing annual elections of this municipality to be held
on the day of 19 , between the hours of
9 a.nn. and 5 p.m. (mountain standard time) and at the polling places fixed for such election.
And take notice further that I will at on the day of
19 , at o'clock m. sum up the votes upon said bylaw
and declare the result of the vote thereon.
Given under my hand at this da> of
19
Secretary Treasurer.
FORM D.
(Section IS)
ABSTRACT OF STATEMENTS
349
SESSIONAL PAPER No. 9
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11 GEORGE V SESSIONAL PAPER No. 9 A. 1921
TABLE OF CONTENTS
1920
FIRE, ETC. Page
Introduction 3
Table I. — Abstract of Fire Insurance in Canada for 1920 ' 8
Table II. — Premiums received for Fire Insurance in Canada for years 1869 to 1920 12
Table III. — I^osses paid for Fire Insurance in Canada for years 1869 to 1920 18
Table IV. — Summary of Fire Insurance in Canada for years 1869 to 1920 24
Table V. — Abstract of Fire Insurance transacted by Canadian Companies which transact business outside of the Domin-
ion, and of Fire, etc., business transacted by Companies transacting Fire and other classes of Insurance, for 1920. ... 27
Table VI. — Fire Insurance transacted in Canada during 1920 51
Table VII. — Assets of Canadian Companies transacting business of Fire and other Insurance, 1920 54
Table VIII. — Liabilities of Canadian Companies transacting business of Fire and other Insurance 1920 56
Table IX. — Assets in Canada of British Companies transacting business of Fire and other Insurance in Canada, 1920... 58
Table X. — Assets in Canada of Foreign Companies transacting business of Fire and other Insurance in Canada, 1920... . 60
Table XI. — Liabilities in Canada of British Companies, 1920 62
Table XII. — Liabilities in Canada of Foreign Companies, 1920 64
Table XIII. — Income and Expenditure of Canadian Companies transacting business of Fire and other Insurance, 1920. . 66
Table XIV.— Income and Expenditure in Canada of British Companies transacting business of Fire and other Insurance,
1920 68
Table XV. — Income and Expenditure in Canada of Foreign Companies transacting business of Fire and other Insurance,
1920 ■. 70
Table XVI. — Rates of losses paid. General Expenses and Stockholders' Dividends per cent of premiums received.
Rates of Premiums charged per cent of Amounts Insured, etc., of Canadian Fire Companies, 1920 72
Table XVII. — Rates of Losses paid and General Expenses in Canada per cent of Premiums received, and rate.? of Pre-
miums charged per cent of Amount Insured, etc., for British Companies tran.sacting Fire In.surance in Canada 1920 . 74
Table XVIII. — Rates of Losses paid and General Ex-pcn.ses in Canada per cent of Premium.s received anfl rates of Pre-
miums charged per cent of Amount Insured, etc., for Foreign Companies transacting Fire Insurance in Canada, 1920. 75
Table XIX. — Summary of Net Premiums Written and Net Losses Incurred, by Provinces in Canada, by Canadian
Companies transacting Fire Insurance in Canada, 1920 77
Table XX. — Summary of Net Premiums Written and Net Losses Incurred, by Provinces in Canada, by British Com-
panies transacting Fire Insurance 1920 79
Table XXI. — Summary of Net Premiums Written and Net Losses Incurred by Provinces in Canada, by Foreign Com-
panies transacting Fire Insurance, 1920 82
Table XXII. — Summary of Net Premiums earned and Net I^osses Incurred in Canada by Canadian Companies, 1920. 86
Table XXIII. — Summary of Net Premiums earned and Net Losses Incurred in Canada by British Companies, 1920. . 87
Table XXIV.— Summary of Net Premiums earned and Net Losses Incurred in Canada by Foreign Companies, 1920 88
Table XXV. — Summary of Net Premiums earned and Net Losses incurred in Canada for One Year or Less and all
other business by Canadian Companies 89
Table XXVI. — Summary of Net Premiums earned and Net Losses incurred in Canada for One Year or Less and all
other business in Canada by British Companies 90
Table XXVII. ^ — Summary of Net Premiums earned and Net Losses incurred in Canada for One Year or Less and all
other business in Canada by Foreign Companies ^^
Table XXVIII. — -Risks written and Premiums charged thereon and rate of premium charged per cent of risks taken
by Canadian Companies on One Year or Less and all other business in Canada, 1920 92
Table XXIX.— Risks written and premiums charged thereon and rate of premiums charged per cent of risks taken by
British Companies on One Year or Less and all other business in Canada, 1920 93
Table XXX. — Risks written and premiums charged thereon and rate of premiums charged per cent of risks taken by
Foreign Companies on One Year or Less and all other business in Canada, 1920 94
Table XXXI.— Fire Insurance in Canada, 1920 95
Table XXXII. — Analysis and Summary of business in unlicensed companies in Canada effected under the provisions of
Sec. 129 of the Insurance Act, 1917 , 95
Table of Fire Prevention figures 96
CASUALTY.
Table XXXIII. — Assets of Canadian ,\ccident, Guarantee, Plate Glass, Steam Boiler, etc., Companies, 1920 104
Table XXXIV. — Liabilities of Canadian, Accident, Guarantee, Plate Glass, Steam Boiler, etc.. Companies, 1920 106
Table XXXV. — Assets in Canada of Companies other than Canadian, transacting business of Accident, Guarantee,
etc., 1920 108
Table XXXVI. — Inabilities in Canada of Companies other than Canadian transacting business of Accident, Guarantee,
etc., 1920 110
Table XXXVII. — Income of Canadian Companies transacting business of Accident, Guarantee, Plate Glass, etc., 1920 111
Table XXXVIII. — Expenditure of Canadian Companies transacting business of Accident, Guarantee, Plate Glass,
etc. ,1920 112
Table XXXIX. — Income and Expenditure in Canada of Companies other than Canadian doing business of Accident,
Guarantee, etc., 1920 113
Table XL. — Showing the net amounts received in Canada by Canadian Companies for premiums other than Fire and
Life 114
361
362 DEPARTMENT OF INSURANCE
11 GEORGE V, A. 1921
CASUALTY— Conc/urffd.
Paob
Table XLI. — Showing the net amounts received in Canada by Britisli and Foreign Companies for premiums other than
Fire and Life 116
Table XLII. — Showing the net amounts paid in Canada by Canadian Companies for losses other than Fire and Life . 118
Table XLIII. — Showing the net amounts paid in Canada by British and Foreign Companies for losses other than Fire
and Life 120
Table XLIV. — ^Abstract of Personal Accident Insurance in Canada for 1920 122
Abstract of Combined Personal Accident and Sickness Insurance in Canada for 1920 ^ . . . . 122
Abstract of Automobile (Insurance H) in Canada for 1920 123
Abstract of Automobile (Insurancf A) in Canada for 1920 124
Abstract of Burglary Insurance in Canada for 1920 12.i
Abstract of Liability Insurance in Canada for 1920 125
Abstract of Explosion Insurance in Canada for 1920 125
Abstract of Forgery Insurance in Canada for 1920 126
Abstract of Guarantee Insurance in Canada for 1920 126
Abstract of Hail Insurance in Canada for 1920 126
Abstract of Inland Transportation Insurance in Canada for 1920 127
Abstract of Live Stoclc Insurance in Canada for 1920 127
Abstract of Plate Glass Insurance in Canada for 1920 v 127
Abstract of Sickness Insurance in Canada for 1920 128
Abstract of Sprinkler Leakage Insurance in Canada for 1920 128
Abstract of Steam Boiler Insurance in Canada for 1920 128
Abstract of Title Insurance in Canada for 1920 128
Abstract of Tornado Insurance in Canada for 1920 128
Table XL^■. — Abstract of Guarantee, Accident, Sickness, Plate Glass, etc., business transacted by Companies which
combine more than one class of business of casualty insurance 129
Table XLVI. — Miscellaneous Insurance in Canada, 1920 132
LIFE.
Abstract of Life Insurance in Canada for 1920 . . 134
Summary of Life Insurance in Canada for the years 1875-1920 140
Income and Disbursements in respect of Assurance and Annuity Contracts of all Companies doing business in Csinada
for the years 1879-1920 '. 142
Income and Disbursements of Canadian Life Companies for the years 1879-1920 143
Canadian Life Companies, Assets, 1920 144
Canadian Life Companies, Liabilities, etc., 1920 146
Canadian Life Companies — ^Basis of Valuation 148
Assets in Canada of British and Foreign Life Companies, 1920 150
Liabilities, etc., in Canada of British and Foreign Life Companies, 1920 152
Income of Companies transacting Life Insurance, 1920 154
Disbursements in respect of Assurance and .\nnuity Contracts, 1920 158
Disbursements of Companies transacting Life Insurance, 1920 160
Life Insurance is.sued and terminated during the year 1920 164
Nature of Life In.surance issued during the year 1920. . 168
Nature of Life Insurance in force at 31st December, 1920 ^ 170
Insurance in force including Disability Benefits 172
Schedule of Funds and Separation of Accounts 176
Fraternal Benefit Societies Abstract of Life Insurance, 1920 185
Fraternal Benefit Societies, Abstract of Sickness and Funeral Insurance, 1920 187
Fraternal Benefit Societies, Assets and Liabilities, 1920 188
Frat€rnal Benefit Societies, Income and Disbursements, 1920 191
Insurance terminated in Fraternal Benefit Societies, 1920 192
Life Insurance in Canada, 1920 193
Statement showing the Movement of Securities of Canadian Life Companies during the six months ended June 30, 1920:—
Bonds and debentures purchased 196
Stocks purchased ^ 210
Bonds, debentures and stocks sold or matured .^ 211
Real estate purchased or acquired 218
Real estate sold 220
Collateral loans made 223
Collateral loans repaid '. 224
Mortgage loans 225
Policy loans 226
Statements made by Canadian Trustees of Foreign Companies showing the Movement of Securities held by them in
trust for the Companies during the six months ended June 30, 1920: —
Bonds and debentures received 227
Bonds and debentures and stocks released , .-- 227
Mortgage loans 227
Statement showing the Movement of Securities of Canadian Life Companies during the six months endetl December 31 ,
1920:—
Bonds and debentures purchased .■ 228
Stocks purchased 238
Bonds, debentures and stocks sold or matured 240
Real estate purchased or acquired H- 247
Real estate sold 250
Collateral loans made '. •• 253
Collateral loans repaid 254
Mortgage loans ^. '• '• : . • 255
Policy loans • • 256
ABSTRACT OF STATEMENTS 363
SESSIONAL PAPER No. 9
LIFE— Continued.
Pa OK
Statements made by Canadian Trustees of Foreign Companies showing the Movement of Securities held by them in
for the Companies during the six montlis ended December 31, 1920: —
Bonds and debentures received 257
Bonds and debentures and stocks released 257
Mortgage loans 257
Rates of Dividends to Policyholders declared during the year or at lust previous allotment by Life Insurance Companies: —
^tna 260
Ancient Order of Foresters 261
Canada 262
Commercial Union 264
Confederation •. 265
Continental 267
Crown 268
Dominion 269
Equitable 270
Excelsior 273
Great-West 275
Guardian Life (formerly Germania) 278
Imperial • 280
London and Scottish '. 281
London. . .-. 282
Maniifacturers '. 283
Metropolitan 287
Mutual Life of Canada 288
Mutual Life and Citizens' 290
Mutual Life of New York 291
National Life of Canada 294
New York 295
North American 297
North British and Mercantile 299
Northern 300
Phoenix Assurance Company '. 301
La Sauvegarde 302
Exjyal Insurance Company 303
Sovereign 304
Standard 305
State ■ 305
Sun 306
Travellers Life Assurance Company of Canada 309
Travelers Insurance Company of Hartford 310
Union Mutual 311
United States 313
Legal Decisions —
(1) Fire Insurance: —
(a) Ambler v. Factories Insurance Go 314
(b) La Compagnie Equitable d' Assurance Mutuelle Centre le feu v. Boulanger 314
(c) G61inas and Fr^res (Limited) v. The Stanstead and Sherbrooke Montreal Fire Assurance Co 314
(d) Gervais v. The Liverpool and London and Globe Insurance Co 315
(e) General Fire Insurance Company of Paris, France v. Claprood 315
(f ) Hornstein d. Great American Insurance Co 315
(g) Mathys v. The Strathcona Fire Insurance Co 315
(h) The North British and Mercantile Fire Insurance Co. and others v. Simon Holder -Graber 315
(i) Petinato v. Swift Canadian Company Limited 316
(j) Quinn v. North British and Mercantile Insurance Co 316
(2) Accident Insurance: —
(k) Gilchrist v. Merchants Casualty Co ■ 316
(1) Merchants' and Employers' Guarantee and Accident Co. v. Dame Brunet alias Tremblay 317
(m) Parrott, v. Western Canada Accident and Guarantee Ins. Co 317
(3) Automobile Insurance: —
(n) Shaw v. Globe Indemnity Co 317
(o) Ouimet v. National-Ben Franklin Fire Insurance Co 317
(p) Pepin V. Dufresne et Railway Passengers Assurance Co 318
(q) Sare v. The United States PMdelity and Guaranty Co 318
(r) Wampler v. British Empire Underwriter's Agency 318
(4) Explosive Insurance:
(a) fCurtis's and Harvey, Limited v. North British and Mercantile Ins. Co. Ltd 318
\Curtis's and Harvey, Limited v. Guardian Assurance Co. Ltd .~ 318
(5) Life Insurance: —
(t) Bird V. New York Life Ins. Co 321
(u) Dame Descotes v. Collette 322
( v) Re Dickenson and North American Life Assurance Co 322
(w) Executors and Administrators Trust Co. v. Mackenzie et al 322
(x) Re Grant 322
(y ) Re Knibbs and Royal Templars of Temperance , 322
(z) In re Mellon estate 323
(a, a) Re Naubert 323
(b,b) Re Oddfellow's Relief Association and Blarney 324
(c,c) Roy, demandeur v. L'Ordre Independant des Forestiers, defendeur, et Samson, intervenant 324
(d,d) Selick v. New York Life Ins Co 324
(e,e) Standard Trusts Company v. Canada Life Assurance Co. et al 324
(f,f ) Dame Villeneuve v. Union Mutual Lite Insurance Co. et dame I;educ et autres, intervenant 325
364 DEPARTMEXT OF IXSURANCE
11 GEORGE V, A. 1921
LIFE— Concluded
Legislation— Page
Dominion legislation i 325
Alberta legislation 326
British C'oluiiihiu legislation 327
Manitoba legislation 328
New Brunswick legislation 335
Nova Scotia legisution 338
Ontario legislation 339
Saskatchewan legislation 341
List of Insurance Companies licensed to transact business in Canada as at March 31, 1921, showing amount of deposit
with Receiver General 349
11 GEORGE V SESSIONAL PAPER No. 10 A, 1921
DOMINION OF CANADA
TWENTY-EIGHTH ANNUAL REPORT
OF THE
DEPARTMENT OF TRADE AND
COMMERCE
FOR THE
FISCAL YEAR ENDING MARCH 31, 1920
PRINTED BY ORDER OF PARLIAMENT
OTTAWA
THOMAS MULVEY
PRINTER TO THE KING'S MOST EXCELLENT MAJESTY
1920
[No. 10— 1921]— 1
11 GEORGE V SESSIONAL PAPER No. 10 A. 1921
To His Excellency the Duke of Devonshire, K.G., P.C., G.C.M.G., G.C.V.O., etc.,
etc., Governor General and Commander in Chief of the Dominion of Canada.
May it Please Your Excellency, —
The undersigned has the honour to present to Your Excellency the Report
of the Department of Trade and Commerce for the fiscal year ended March 31,
1920.
All of which is respectfully submitted.
GEORGE E. FOSTER,
Minister of Trade and Commerce,
Department of Trade and Commerce,
Ottawa, May 1, 1919.
5230— 1§
REPORT OF THE DEPUTY MINISTER
SESSIONAL PAPER No. 10
Report of the Deputy Minister
Ottawa, June 1, 1920.
The Rt. Hon. Sir George E. Foster, P.O., G.C.M.G., M.P.,
Minister of Trade and Commerce,
Ottawa.
Sir, — I have the honour to present herewith the Twenty-eighth Annual
Report of the Department of Trade and Commerce, that is to say, for the fiscal
year ended March 31, 1920.
The volume of the external trade of Canada for the fiscal year 1920, excepting
the year 1918, was the greatest in the history of the Dominion. The aggregate
trade of the imports for consumption and exports of Canadian produce — taking
no account of the movements of coin and bullion — was a trifle over two billion
three hundred million dollars. The imports for 1920 were greater by 72 per
cent than similar imports just prior to the war, whilst the exports of Canadian
merchandise exceeded similar exports in 1914 by 187 per cent.
The aggregate trade of Canada — imports for consumption and exports of
Canadian merchandise, combined — for the fiscal year 1920 amounted to $2,304,-
008,267, whilst the value of similar trade in 1914 amounted to $1,050,045,583,
showing an increase from 1914 to 1920 of $1,253,962,684. The imports of
merchandise for the fiscal year 1920 were valued at $1,064,516,169 and for 1914
at $618,457,144, showing an increase in imports from 1914 to 1920 of $446,059,-
025; whilst the exports of Canadian merchandise for the fiscal year 1920 were
valued at $1,239,492,098, and for 1914 at $431,588,439, showing a betterment in
exports from 1914 to 1920 of $807,903,659.
The following is a summary of the trade of Canada for the vears 1914 (pre-
war) 1918, 1919, and 1920:—
Years ended March 31
-
1914
. 1918
1919
1920
Imports for Consumption.
Dutiable goods
$
410,258,744
208,198,400
$
542,341,522
420,202,224
$
526,481,620
389,947,715
693,643,211
Free goods
370,872,958
Total imports (mdse)
618, 457, 144
962,543,746
916,429,335
1,064,516,169
Duty collected on imports
107,180,578
161,595,629
158,046,334
187,^520,613
Exports.
Canadian goods
431,588.439
23,848,785
1,540,027,788
46,142,004
1,216,443,806
52,321,479
1,239,492,098
Foreign goods
47,166,611
Total exports (mdse)
455,437,224
1,586,169,792
1,268,765,285
1 ,286,658,709
Excess imports over exports
163,019,920
623.626,046
352,335,950
222,142,540
TRADE AXD COMMERCE
11 GEORGE V, A. 1921
Imports by Countries.
From
United Kingdom
Australia...
British East Indies
Briti.sh Guiana
British South Africa —
British West Indies .
Hong Kong
Newfoundland
New Zealand . ,
Other British Empire
Argentine Republic
Belgium
Brazil
China
Cuba
France
Germany
Greece
Italy
Japan
Netherlands
United States ^
Other Foreign Countries. .
Exports Canadian Produce.
To
United Kingdom.
Australia
British East Indies
British Guiana ^.
British South Africa
British West Indies
Hong Kong
Newfoundland
New Zealand
Other British Empire
Argentine Republic
Belgium
Brazil
China
Cuba
France
Germany
Greece
Italy
Japan
Netherlands
United States
Other Foreign Countries. . .
Years ended March 31
1914
1.32,
7,
3,
4,
1.
1,
3
2,
4
1
3
14
14
3
395
18
070.362
713.111
,218,987
,179.112
477,823
,347.310
,010.021
,840,523
,192,900
476,653
,603,128
,490.476
,163,785
913,262
,952,887
,276,5.35
,586,223
445,0.36
, 090, .387
.604,216
.015.456
..565.-328
.223,623
215,
4,
1
3
ia3
6
253,969
673,997
686.324
649.675
,831,270
,469,329
,879,261
,508.090
,9.33,698
7.56,904
,1.34,522
,269,. 394
267,858
473,074
,815,414
,6.32,444
,044,019
11,934
514,660
,58". 467
,985.987
,372,825
336. 324
1918
81,. 324, 283
^ 2,-356.665
16,4.54.226
6,716.647
5-53,362
10,-550,-5-50
1,805,515
2,947,527
3,7-35,-559
1.611,0-37
984,955
12,973
990, 777
1,-3-36,890
1,085,. 547
5,274,064
27,181
20,296
771,187
12,2-55,319
1,0.54,176
791,906,125
18,768,885
845,480,069
8,751,677
3.774,475
1.978.323
5,065,658
6,8-38,-563
1,003,900
10.191,-564
4,089,823
1,721,223
1.203,142
4.909,4.53
974,. 368
1,954,0.55
4,015,940
201.526.297
1919
1920
73.0.35,118
4,963,446
15,223,434
6,747,072
1,-300,259
8,4-37,825
2,121,909
3,098,834
7,8.55,4-36
888,207
1,1-39,267
6.270
1.1-56.-3-32
1.9.54,466
1,040,9-53
3,6.32,900
75
33
5.55.112
13,618.122
495.409
746.920 654
20.2-38.202
4,262
3,-3-36,0-59
4,861,244
2.462.-574
417.2-33,287
8,651,832
540,750.
14,019.
3.831,
2,646,
11.992.
10.200,
995,
11,325,
6,227,
3,170,
4,603,
950.
4.088,
2,856
5,035
96, 103
125.989,330
1,-369,218
16.211.738
7,412.931
7.35.960
12.102,540
3,194.9-59
2.146,414
3-494,600
1.267,322
3.385.285
911,407
1,973,768
1,201,-579
17,-585.-528
10.609.122
44,255
700.899
999.040
13.635.774
2,264,-321
801.605.444
35.674,7-35
977
629
741
169
1-35
,-582
,116
,235
,892
,313
,130
.318
,534
.9.33
,975
,142
16.902
13,181,514
12,245.4.39
198,985
454.873.170
17.129.975
489,151,806
11,415,623
6,762,259
3,109.-381
8.(>19,756
10.869.263
1,-343.867
16.175,443
6,987.008
7,-322.753
6.126.457
28.463.855
2.703.488
6,6.59,805
6,329,783
61.106.938
610.528
29.-588.984
16.961,312
7,7-32,514
5.653.218
464.029.014
41.7-39,043
Import and Export Trade Values,
While heretofore, under normal conditions, export and import statistics
when expressed in values conveyed a fairly accurate indication of the growth of
Canada's foreign trade, to-day, one is apt to be considerably misled if values
only are considered. One must now make a copiparison in the quantities of the
various articles exported or imported as compared with the quantities exported
or imported in previous years.
REPORT OF THE DEPUTY MINISTER 7
SESSIONAL PAPER No. 10
For example, the value of the exports for the fiscal year ended March 31,
1920, show an enormous increase over the value of exports for the same period
ending March 31, 1914 (the last fiscal year prior to the war). In analysing
further, however, the export statistics, computing the percentage of increase or
decrease by commodities, as compared with the percentage in the increase or
decrease in value, a very wide difference will be found.
It will be observed, in the accompanying statement as regards exports, for
example, that the percentage in the increase, so far as quantities are concerned,
is lower in almost every case, and in many cases very much lower, than the per-
centage of increase in values; and while a decrease in the percentage is shown in
the quantities of some commodities exported yet an increase in the percentage of
value is indicated.
The table appended herewith will afford an interesting study.
STATEMENT SHOWING QUANTITY AND VALUE OF CERTAIN CANADIAN PRODUCE
EXPORTED FROM CANADA, WITH INCREASE OR DECREASE, 1920, COMPARED
WITH 1914.
Articles Exported.
Canadian Exports.
Years ended March 31-
1914.
1918.
1920.
Increase (i) or Decrease (d)
1920 compared 1914.
Amount.
Per Cent.
Animals, living —
Cattle No.
$
Horses No.
$
Sheep No.
$
Apples, green or ripe Brl.
$
Automobiles No.
$
Breadstuffs —
Barley Bush .
$
Oats Bush.
$
Oatmeal Brl.
$
Pease, whole Bush.
$
Wheat Bush .
S
Wheat flour Brl.
$
Calcium carbide Lb.
$
Coal Ton.
$
Fish-
Codfish, haddock, ling
and pollock, dry-
salted Cwt.
$
Lobsters, canned Lb.
$
Salmon, canned Lb.
$
Hay Ton.
$
Leather —
Sole leather Lb.
$
219,729
7,906,794
3,. 568
783,631
20,543
128,493
947,382
3,465,475
6,306
3,571,862
13,032,369
6,513,557
34,996,664
13,379,849
111,527
488,589
121,359
240,274
120,426,579
117,719,217
4,832,183
20,581,079
5,441,061
161,026
1,498,820
3,703,765
746,482
4,564,731
8,271,662
2,983,897
61,097,424
6,631,437
191,515
1,787,050
7,973,368
2,336,491
191,356
14,136,944
16,468
3,077,345
1.34,705
1,706,016
103,626
408,029
8,447
3,807,278
6,846,790
8,202,524
54,877,882
37,644,293
281,3.33
2,220,666
107,502
480,054
150,-392,037
366,341,565
9,931,148
95,896,492
1.54,439,600
4,0.58,121
1,902,010
8,684,038
772,027
7,088,983
8,663,949
3,325,117
43,777,154
8,478,661
440,368
5,073,814
3,763,497
1,921,945
518,352
46,064,631
3,889
708, 137
182,709
2,108,962
873,882
4,242,219
24,506
14,883,607
14,. 395, 031
20,206,972
10,768,872
9,349,455
447,3.35
4,283,772
228,546
920,440
77,978,0.37
185,044,806
8,863,068
94,262,928
88,251,000
3,599,899
2,120,1,38
13,183,666
752,340
9,178,857
5,924,600
4,083,678
61,528,800
12,067,319
218,561
4,087,670
5,524,409
2,773,642
(i)
298,623
(i)
38
157,837
(i)
321
(d)
75,494
(i)
162,166
(i)
1
980,409
(d)
73,500
(i)
776,744
(i)
18,200
(i)
11
311,745
(i) 1,
(i) 13,
(d) 24,
(d) 4,
(i)
(i) 3,
(i)
(i)
(d) 42,
(i) 67,
(i) 4,
(i) 73,
(i) 82,
(i) 3,
(i)
(i) 9,
362,662
693,415
227,792
0.30,394
335,808
795,183
107,187
680, 166
448,542
.325,589
030,885
698,849
809,939
4.38,873
621,318
479,901
(i)
(i)
(d)
(i)
(i)
(i)
(i)
(i)
5,858
4,614,126
2,-347,062
1,099,691
431,. 376
5,435,882
27,046
2,300,620
135
482
789
1,541
7
22
288
316
10
210
69
30
301
776
88
283
35
57
83
358
1,521
2,135
41
255
0-7
101 08
28-3
36-8
0-7
81-9
141
128-7
(d) 2,448,959
(i) 437, 151
8 TRADE AND COMMERCE
11 GEORGE V, A. 1921
STATEMENT SHOWING QUANTITY AND VALUE OF CERTAIN CANADIAN PRODUCE
EXPORTED FROM CANADA, WITH INCREASE OR DECREASE, 1920, COMPARED
WITH 1914— Concluded.
Articles Exported.
Metals —
Aluminium in bars, in-
gots, etc Cwt.
Asbestos $
$
Copper, fine contained
in ore matte, etc. .. . Lb.
$
Iron ore Ton.
$
Lead, metallic Lb.
$
Nickel, fine, contained
in ore matte, etc. . . . Lb.
$
Milk and cream, con-
densed Lb.
$
Paper —
Printing Cwt.
$
Wrapping Cwt.
$
Provisions —
Butter Lb.
S
Cheese Lb.
$
Eggs Doz.
$
Meats —
Bacon and hams Lb.
$
Beef Lb.
$
Canned meats Lb.
S
Pork Lb.
$
Seeds —
Clover Bush
$
Flax Bush
Canadian Exports.
Years ended March .31-
1914.
Textiles-
Binder twine
Lb.
Cotton fabrics Yd.
$
Wool, raw Lb.
$
Vegetables —
Potatoes Bush .
$
Turnips Bush .
$
Wood —
Planks and boards. . . M ft.
$
Pulp wood Cord
$
Shingles M
$
Wood pulp —
Chemically prepared Cwt
$
Mechanically ground Cwt.
$
1918.
1,885,074
105,971
2,891,669
83,2.50,198
9,489,729
11.3,650
.398,023
274,760
7,562
50,580,536
5,374,73.8
9,339,382
606,941
5,851,579
11,. 386, 845
182,520
615,310
1,228,753
309,046
144,478,340
18,868,785
124,002
37, 150
25,749,9.36
4,033,106
13,133,205
1,127,908
6.38,583
94,961
1,811,204
202,391
118,061
1,094,330
20,647,327
24,816,333
4,690,820
453,530
356,081
82,6.36
2,841,184
648, 675
1,980,844
1,127,541
1,707,062
309, 582
1,574,204
29,047,752
1,089,384
7,388,770
689, 1.50
1,775,619
1,515,633
2,923,083
4,816,170
3,441,741
1920.
7,581,8.38
98,659
5,331,593
77,-534,900
10,710,705
1.57,912
670,321
9,377,809
556,669
83,049,900
9,029,535
43,656,718
4,955,048
12,101,865
33, 978,. 347
237,924
1,294,725
4,926,1.54
2,000,467
169,530,753
36,602,504
4,896,793
2,271,299
207,832,998
60,082,494
86,565,104
13, 016, .378
13,422,624
3,695,384
7,909,803
2,0.52,192
99,523
1,193,814
6,424,5.50
19,764,255
6,982,400
1,194,962
7,3.59,608
1,914,131
10,576,627
6,885,907
3,318,185
4,451,581
2, 446, .380
689, 199
1,423,290
33,624,488
1,002,127
8,339,278
1,914,154
5,292,306
5,385,010
19,133,813
4,311,694
6,487,079
Increase (i) or Decrease (d),
1920 compared 1914.
Amount.
5,680,871
105,694
8,532,027
42,003.300
5,253,218
7,485
.32,421
10,789,400
506,789
44,140,700
9,039,221
54,247,498
8,517,771(1
14, .320. 086
53,640,122
362,682
2,917,197
17,612,605
9,844,3.59
126,395,777
36,336,863
6,000,528
3,496,827
223,642,600
70,123,580
110,047,800
19,637,656
2,812,707
1,102,842
6, 682, .300
1,641,570
186,328
4,314,341
1,127,986
5,395,675
28,091,500
5,530,908
9,949,981
2,683,273
9,084,727
5,472,236
6,327,343
8,039,107
2,128,882
957,042
2,085,262
75,216,193
838,732
8,4.54,803
2,106,373
10,848,602
8,601,942
33,000,063
6,787,640
8,383,419
(i) 3,795,797
fd) 277
(i) 5,640,358
(d) 41,246,898
(d) 4,236,511
106,165
.365,602
10,514,640
499,227
(d)
(d)
(i)
(i)
(d) 6,4.39,836
(i) 3,664,483
(i) 44,908,116
) 7,850,830
(i) 8,468,507
(i) 42,253,277
(i) 180, 162
(i) 2,301,887
(i) 16,383,852
(i) 9,535,313
(d) 18,082,563
(i) 17,468,078
(i) 5,876,526
(i) 3,459,677
(i) 197,892,664
(i) 6,090,474
(i) 96,914,595
Per Cent.
18,509,748
2,174,123
1,007,881
4,871,090
1,439,179
(i) 67,727
(i) 3,220,011
(d) 19,519,341
(d) 19,420,658
23,400,680
5,077,-378
9,-593,900
2,600,637
6,243,543
4,823,561
(i) 4,346,499
(i) 6,911,566
(i) 421,820
(i) 647,460
(i)
(i)
(d)
(i)
(i)
(i)
511,058
46,168,441
2-50,652
1,066,033
1,417,223
9,072,983
(i) 7,086,-309
(i) 30,076,980
(i) 1,971,470
(i) 4,941,678
201-3
0-2
195 05
49-5
44-6
93-4
91-8
3,826'8
6,601-7
12-7
68-1
480-8
1,177-1
144-7
371 07
98-7
374 1
1,333-3
3,085-4
12-5
92-5
4,739-05
9,312-7
768-5
151-01
737-9
1,641 07
340-4
1.061-3
268-9
711-08
57- 1
249-2
94-5
78-2
498-8
1,119-5
2,694-3
3,147-09
219-7
743-6
219-4
612-9
24-7
209-1
32-5
1-58-9
23-03
14-4
205-6
510-9
467-5
1,028-9
40-9
143-6
REPORT OF THE DEPUTY MINISTER 9
SESSIONAL PAPER No. 10
Dealing Through Foreign Selling Agencies.
S' ~ The only skeleton in Canada's foreign trade closet is the dependence of
Canadian firms upon foreign intermediate commission houses and foreign chan-
nels. Every possible effort should be made to ship Canadian goods through
Canadian channels, from Canadian seaports to foreign markets to which the
goods are destined. The great increase of Canada's merchant marine will go a
long way in assisting this object. Canadian export trade should be independent.
It would assist in building up Canadian seaports and direct overseas connections.
Canada imports every day goods made under foreign flags from Canadian raw
material. The Canadian purchaser pays the wages and the profits of foreign
manufacture, also the transportation costs of both raw material and finished
goods. In resources and variety of raw materials, in sites and power for fac-
tories, in transportation and situation with regard to the world's markets, Canada
is unrivalled.
Criticism has been offered with respect to the policy adopted heretofore of
opening one European agency by Canadian exporters to serve for several coun-
tries. While exclusive selling agencies for all Europe in one of the European
capitals may have some advantages, yet since the war conditions have changed.
Importers, for example in Scandinavian countries, who are ready to pay cash
and desire to deal direct, do not appreciate being referred to London or Paris.
Not infrequently cases are brought to the attention of the department of
Canadian firms, before whom the department has placed information as to
purchases desired abroad, who have referred such inquiries to firms in the United
States. In such cases the department has removed the names of such firms
from its lists of Canadian export firms so that no further information will be
furnished them.
Complaints have also reached the department from foreign buyers that upon
their placing an order with certain Canadian manufacturers to purchase goods
manufactured by them they have been referred to agencies in the United States
and informed that such United States agencies handle all their foreign business.
In some cases foreign purchasers have thereupon refused to place the order.
Foreign Trade.
Exporters generalty are too prone to take too much for granted. The
foreign buyer has ideas of his own, and though business throughout the world
may have a common basis of trading, still the buyer abroad and the trade to
which he has to cater have peculiarities which must be studied. The firm,
therefore, who has anything to sell must place the foreign importer in possession
of all information to the last detail. No shipment should be made until the
exporter is certain that the requirements of his foreign customer have been
complied with as to credits, transportation, packing qualities and styles of goods,
weights, and measures, etc.
Foreign competition for the trade of the world is very intelligent and very
fierce, and if a Canadian manufacturer seeks foreign business he has to meet that
competition and to meet it adequately. To meet it adequately means the
employment of brains and money and the putting forth of conscientious efforts to
acquire in some degree at least the purchasers' point of view and a disposition
and willingness to meet him at least half-way in his wishes ; to try to give him the
things he wants and now what the Canadian manufacturer thinks he ought to
want. What is more, if our people expect to compete with the Americans,
French, and Germans, etc., they must educate the younger generation of business
men to understand foreign trade and to speak foreign languages, and to meet
foreign methods and demands.
10 TRADE AND COMMERCE
11 GEORGE V, A. 1921
Canadian Merchant Marine.
While the department exercises no control over the Canadian Government
Merchant Marine, Limited, it is interesting to note, in considering the extension
of Canadian trade overseas, the development of the Government Steamship
Line. The Canadian Government Merchant Marine, Limited, began its service
in March, 1919, with one boat, namely, the Canadian Voyageur, of 4,575 tons
deadweight. She sailed for the West Indies; and as indicating the growth of the
business of that line, ten boats are now in the service between Canada and
those British colonies and Cuba, with a dead weight carrying capacity of nearly
40,000 tons.
Since the commencement of the overseas Government services up to the
31st March last 71 voyages have been performed, viz.: —
From Canada to the United Kingdom 24
" " France 2
" " the West Indies and Cuba '. 32
" " South America 3
" " Newfoundland 7
" " Australian and New Zealand ports 3
Regular services are now established between Canada and London, Liver-
pool, Glasgow, Barbados, Trinidad, Demerara, Kingston (Jamaica), Havana,
Pernambuco, Rio de Janeiro, Santos, Buenos Aires, Sydney, Melbourne, New-
castle (Australia), Auckland and Wellington, as well as a service from Montreal
to Charlottetown, P.E.L, and St. John's, Nfid. Services are about to be estab-
lished also between Montreal and Cardiff and Swansea. Another service is
about to be established from Charlottetown, callmg at Sydney and Halifax, to
Liverpool. The company also has in contemplation a service beginning about
the end of August, from Alontreal to Karachi, Bombay, Colomba and Java, and
from Vancouver to Shanghai, Hong Kong, Singapore and Calcutta. The
company is also making straight charters, such as for pulpwood, from Chicoutimi
to France.
While the company at present have thirty boats in the service with a dead-
weight carrying capacity of 155,000 tons, there are several other vessels to be
delivered before the end of June, and up to .the 30th September next they expect
to have forty vessels in commission.
The total value of goods of Canadian origin exported in the vessels of the
Canadian Government Merchant Marine up to March 31 was $30,099,042, and
of American origin, SI, 051, 546.
XIJredits.
With the reconstruction of international trade throughout the world it is
becoming a sine qua non that long credits are necessary. If, therefore, Canadian
exporters desire to take advantages of the markets now open to them in Europe
and elsewhere, long-time payments must be allowed.
Practically every country realizes that if Europe is to regain its economic
stability, the countries which prospered during the war must assist. Many
Canadian factories are now working overtime in manufacturing articles for
which Europe is crying, and could well afford, in manj' directions, to give long
credits, thus ensuring for themselves a market for all time. It has beenTeported
by the Overseas Trade Branch of the department in London that scarcely a day
passes without some large order being refused because the Canadian agent is
unable to give the credit demanded. The Canadian Government, at a time when
it was most needed, granted extensive credits and saved the export trade of
Canada during the transition period between actual chaos and the time when the
first practical steps could be taken toward reconstruction. The Government,
REPORT OF THE DEPUTY MINISTER 11
SESSIONAL PAPER No. 10
however, could not continue granting credits indefinitely, and it therefore be-
hooves Canadian firms, many of whom are in a very strong fincanial position,
to do their part, with the assistance of the banks, in taking up the responsibility
of granting credits abroad.
Mr. Noxon, chairman of the Overseas Trade Branch of the department in
London, recently stated that: —
"Considering the fact that nearly all manufactured goods have advanced
in price since the war from 100 per cent to 500 per cent, Canada possesses much
of the raw material used in production and should be able with cheap power and
efficient labour to produce not only sufficient for the home requirements, but
should be able to export against any competition.
Inaccurate Trade Statistics.
It is to be regretted that Canada indirectly suffers from inaccurate trade
statistics published in various foreign countries. A considerable amount of
Canadian trade, as is well known, passes through the United States, and certain
foreign countries are in the habit of crediting importations from the "country
of consignment" rather than the "country of origin."
This department is doing its utmost to bring these anomalies to the attention
of the authorities of the countries concerned.
India, for example, in the latest statistics of imports received, credits Canada
for the fiscal year ended March 31, 1918, with imports amounting to $245,168,
whereas Canadian exports were, according to Canadian export returns, $2,955,-
630. The question has been taken up with the Indian authorities in the hope
that their system of compiling statistical imports might be improved. The
matter was also discussed at the recent Imperial Statistical Conference in London.
In this connection it might also be observed that recently the Canadian
Trade Commissioner to the Netherlands has brought to the attention of the
department similar conditions as regards the Dutch import trade statistics. In
reporting upon the subject, he stated in part as follows: — •
"In spite of the fact that Canada is specifically included in list of
countries of origin the Dominion appears only five times in the monthly
statistics.
"It should not be concluded from this fact, however, that the above
are the only goods which Canada is exporting to Holland. This office
happens to know that among other goods imported into this country
from Canada recentlj^, were dried fruit, lumber, seeds, grinding wheels,
elastic braces, tobacco, cork, lathes and planers, packing-house products,
chemicals, farm implements, provisions, flax, straw, and tools. As above
stated, imports when not of great importance are not credited to par-
ticular countries, but included in the totals only.
"Information gathered here points to the conclusion that a very great
proportion of Canada's exports to this country are credited to the United
States, England, or in some instances Belgium, in Dutch official import
returns.
"On account of the lack of direct shipping facilities to this country
from Canada, Canadian goods usually pass through one of the above
three countries en route to this market. The Dutch Bureau of Statistics
depends for its information in regard to imports on declarations made by
the importers here, and in the ordinary course does not even require
invoices, much less certificates of origin. The importer, who, as a rule,
has a large number of declarations to make out, simply declares all goods
coming via New York, United States goods. A number of prominent
12 TRADE AND COMMERCE
11 GEORGE V, A. 1921
importers here have verified this statement. It should also be noted
that in many cases goods passing through England and the United States
are handled by American and English export-import merchants, who re-
invoice the goods on their own billheads, thus unintentionally misleading
the importer here as to the origin of the goods, even did he go to the
trouble of discriminating between Canadian and American goods, where
possible."
While Canadian exports are correctly indicated in Canadian export returns,
yet the imports from Canada, as indicated by various foreign countries, convey
incorrect information as to the importance of Canada in the commercial affairs
of the world.
Comments are made in leading trade publications abroad upon trade
statistics as published, and frequcntl}'^ Canada is not mentioned by reason of
the absence of statistics indicating imports from Canada. In certain foreign quart-
ers therefore, Canada is unknown as a country which can and does supply large
quantities of commodities which the buyer abroad requires. Such foreign
comments not infrequently are republished in the United States as an evidence
of the verj-- large growth of the export trade of that country.
Business Correspondence.
In dealing with foreigners, the Canadian business man has always a tendency
to forget that the best methods to use are seldom those which produce the best
results in Canada. Two cases in point are the character of letters written to
prospective customers abroad, and the failure to supply the foreign correspond-
ent— when opening negotiations — with proper information about one's financial
standing and responsibility. If, when writing to a possible foreign buyer, the
Canadian firm will bear in mind that the foreigner is probablj' unfamiliar with
their name and the merits of their line, and that full particulars are much more to
be desired than the short, businesslike quotations submitted to a local concern,
a great deal of benefit would accrue.
On this subject a business man, himself interested in selling Canadian
specialties abroad, recently suggested that Canadian manufacturers and exporters
should write an individual letter when sending catalogues, giving full details
regarding prices, discounts, mode of payment, and other oIdvIous particulars
which are necessary in order to develop business, especially in foreign countries.
Form letters explaining a line, have their advantages if accompanied by a
more personal communication referring to the particular inquiry, but more
experienced Canadian exporters believe that, as a general rule, their use should
not be encouraged.
In commencing correspondence with a foreigner with a view to establishing
commercial relations, the Canadian business man should more than ever bear in
mind that his correspondent has perhaps never heard of him, and cannot readily
learn anything of his financial standing or integrit3\ Moreover, as it is he who
is making the oveture, business courtesy — to say nothing of better business
itself — demands that he give sufficient information about himself, rather than
expect his correspondent to search for it. Instead of this, however, some Cana-
dian firms go so far as to request credit information without first supplying it
regarding themselves.
Honesty in Business.
The undersigned has not infrequently drawn attention to the lack of con-
sideration shown by Canadian exporters towards foreign importers desiring
to purchase Canadian goods not only in negligence in replying to correspondence,
REPORT OF THE DEPUTY MINISTER 13
SESSIONAL PAPER No. 10
but in filling orders in a way other than desired by the foreign buyer. One of
the world's greatest masters of business laid down four rules which he considered
essential to success, which it may not be amiss to reproduce here. These four
rules for manufacturers are as follows: —
1st. No sharp bargains. Do more, not less, than promised.
2nd. If dispute arises always give the other party the benefit of the doubt.
Avoid resort to law; compromise.
3rd. Subject all products to more rigid tests than purchaser requires. A
reputation for producing the best is a sure founda,tion upon which to
build.
4th. Should honest, capable contractors need extension of payments from
accident or unusual stringency, be lenient, generous, and help them,
thus making them friends.
Go Abroad.
World-wide business offers greater opportunities for the man of big, broad
virile imagination than the home market. The man of practical far-sight sees a
great new idea while the little man holds back. The foreign markets call for
great skill, for intelligent care in planning, for real merchandising judgment, for
the best business brains of any country. They invite the man of ideas and cour-
age.
The executive who can go abroad himself will always profit by doing so.
Nobody can see just as he does. No subordinate will see the bold opportunity
and take it, and then make it go, as he will. No executive can see, through
typewritten reports and vague opinions, as he will see when he gets the human
touch in a foreign city, sees the way the people live, finds that foreigners feel
about things pretty much as he does, and seizes the faith that he can appeal
successfully for the trade of foreign population.
In order to make a success in foreign trade, exporters must first grasp the
fundamental conditions. The foreign importer should be offered good induce-
ments to push the particular goods. He must be made to see that it is to his,
personal advantage to buy your goods. He must be able to resell the goods at
profit to himself. Exporters should endeavour to place themselves in the position
of the foreign importer, and insure that the latter gets the very last bit of neces-
sary information to enable him to decide as to whether he will buy. This is
frequently difficult for the exporter to do without first-hand knowledge of the
foreign importers' requirements.
Therefore I may say to executives and principals of exporting firms: "Go
abroad yourself." The business which can be picked up over the coffee cups
with your prospective customers can scarcely be overestimated. You, alone, or
your responsible representatives, are in a position to give definite information
as to prices, or make such concession as will insure the business. Big men
abroad want to talk to big men, and not to irresponsible representatives. Many
instances, too numerous to recite, can be given of lasting business connections
having been made by principals themselves going abroad and meeting principals.
Over and over again information has come to the writer as to exclusiveness
of the wealthy principals of large foreign commercial houses. They are loath to
permit any one to intrude upon their time. They can easily turn a visiting
agent over to a subordinate to deal with when they would hesitate to refuse to
receive one whom they recognize to be the head of a foreign house.
Buy Goods Made in Canada.
Buying only goods made in Canada would solve for the Dominion, the war
debt problem. The purchases in Canada of only Canadian-made goods should
be loyally observed by every man, woman and child in the country. It is true
14 TRADE AND COMMERCE
11 GEORGE V, A. 1921
that better made goods, at times, may be purchased abroad than may be avail-
able in Canada, but with a little sacrifice, if home articles are purchased, it is
reasonable to suppose that their manufacture will be improved.
If we all, however, followed as a fetish, the slogan "Buj^ only Goods made in
Canada or in the Empire," it would promptly rectify the exchange disadvantage
under which we suffer, build up Canadian factories, provide labour for the
Canadian workingmen, increase transportation over Canadian railways, and
enormously develop Canadian resources. Every dollar spent for an imported
article only assists in building up a foreign factory. This having been
accomplished, Canadian exporters should get away from the long-standing
practice of relying upon foreign commission houses to find a market for their
goods.
There is a yawning market in almost every country in the world for Canadian
goods, and if Canadian exporters would keep before them at all times the desira-
bility of shipping their goods from Canadian seaports, the increased transporta-
tion facilities would result rather than that Canadian goods should assist to
congest United States seaports and thus delay their transportation abroad.
Occasionally it is stated that goods not made in Canada are stamped "Made
in Canada," and hence buyers endeavouring to purchase only Canadian-made
goods are misled. In this connection it may be stated that the Criminal Code
provides for such misrepresentations, and under its provisions any one feeling
themselves aggrieved, can lay information before a magistrate with a view to
prosecuting vendors of foreign-made goods which are falsely marked as being of
Canadian manufacture.
Trade Commissioners' Offices.
Criticism is directed occasionally by Canadian travellers abroad, to what is
termed, "the alleged inadequate staff and equipment of the Canadian Trade
Commissioners' offices." Such travellers may have personal knowledge of one
or two offices only, and have no means of judging inteUigently of the Trade
Commissioners' offices as a whole. Such travellers do not realize that the
maintenance of a corps of Trade Commissioners abroad means a heavy expense
upon the Canadian Government, and in recent years, with the ever increasing
cost of salaries, rentals and equipment, the total expenditure has greatly in-
creased. Nevertheless the service has increased even at a time when the finan-
cial condition of the country renders economy in every direction a vital factor in
the future success and prosperity of the Dominion.
Foreign consuls have revenues for their offices, while a Trade Commissioner
has none. The revenues of some foreign consuls not only pay the entire expense
of a well equipped office, but some consuls are able to send a surplus to their
home Government every year.
There are yet many fields in which Trade Commissioners could be estab-
lished, and it is preferable that representation should be established in a larger
number of countries, rather that the total expenditure should be concentrated in
a few.
The foreign travellers referred to are imbued with much the same imjjres-
sion as are too many Canadian manufacturers. Too much is expected of a
Trade Commissioner. He is not an agent nor a broker, nor does he work on a
commission basis. He points the way, but manufacturers and exporters must
then do their share.
The department has seldom failed in explaining satisfactorily, criticism
which has been made without the slightest knowledge of the facts. The depart-
ment, however, does not resent cirticism nor suggestions, but is ever ready to
promptly put into force any system or suggestion, within the limitations neces-
sary in the conduct of such a service, which may appear an improvement in
the conduct of the Canadian Trade Commissioners.
REPORT OF THE DEPUTY MINISTER 15
SESSIONAL PAPER No. 10
What the Department is Doing.
The Department of Trade and Commerce expends time and money in col-
lecting lists of names of Canadian manufacturers in order to be able to furnish
names to British and foreign enquirers who want to buy from Canada. Is
there not some obligation resting upon the manufacturer, whether he desires to
engage in foreign trade or not, to see that his name and address and particulars
of what he manufactures are on file at Ottawa? A corps of Canadian Trade
Commissioners in various parts of the world are devoting their whole time to
finding markets for Canadian produce. They are doing splendid service. Over
and over again their work has met with conspicuous success but not infrequently
their efforts are rendered disheartening owing either to the lack of support or the
passive indifference of exporters at h~ome.
The department can very properly ask: "What can it do to help your foreign
trade? Are you availing yourself of every facihty offered you by the Government
to-day? Have you ever inquired as to what the Government is doing to assist
you?" Would such information be of any interest? If, so why not get it.
Canada has something between eight and nine million people. She has
vast productive areas and vast resources of raw material. She has recognized
her responsibility to humanity by taking her place on the side of right and justice
in this world war.
It is not sufficient for each to think of his own individual welfare in the
future. It is the duty of all to work overtime for the advancement of Canada.
The nation that gets down to team play and a scientific study of its problems
is the one that will forge ahead in the keen trade competition that will follow
this world crisis.
The Department of Trade and Commerce maintains a corps of especially
equipped Trade Commissioners in various parts of the world, some of them
having been especially trained in the department for their work abroad." These
Trade Commissioners are, at present, established in the following countries: —
Argentine Republic, Australia, Brazil, British West Indies, China, Cuba,
France, Holland, India, Italy, Japan, Newfoundland, New Zealand, South
Africa, Southeastern Europe, and the United Kingdom.
It is intended that this service will be extended from time to time, thus
opening new markets for Canadian exports. These Trade Commissioners, under
direct instructions from Ottawa, report frequently to the department, and within
a few days these reports are published in the Weekly Bulletin, issued by the
department, and distributed widel}^ throughout the whole of Canada, free of
charge.
Commercial Intelligence Branch.
Perhaps the most important feature of the work of the Commercial Intel-
ligence Branch during the past year was the return to Canada of twelve Canadian
Trade Commissioners who had been overseas for a number of years. It is the
established policy of the Department of Trade and Commerce to bring home the
Trade Commissioners from time to time in order that they may not get out of
touch with Canadian conditions. Under ordinary circumstances only a few
of them would come home each year, but during the war period it was not con-
sidered practicable to have the Trade Commissioners return to Canada, and so
when the war was over a number of theCommissioners came at the same time.
Mr. H. R. Poussette, formerly Trade Commissioner in Buenos Aires, Argen-
tina, and Mr. Gordon B. Johnson, formerly Trade Commissioner in Yokohama,
Japan, secured leave of absence from the Commercial Intelligence Service for
active service overseas. When the war was over they returned to Canada.
After they had taken trips through the country calling upon manufacturers, Mr.
16 TRADE A^'D COMMERCE
11 GEORGE V, A. 1921
Johnson was sent to Rio de Janeiro, Brazil, as Trade Commissioner, and Mr.
H. R. Poussette was sent on an inspection trip to Newfoundland, and afterwards
to Japan, China, Vladivostok and India. He is at present in India. Mr. C.
F. Just, formerly Canadian Trade Commissioner in Petro^rad, and more recently
a member of the Canadian Economic Commission (Siberia), after his return to
Canada was superannuated at his own request.
The other Trade Commissioners who visited Canada up to April 30 last
were : —
D. H. Ross, Canadian Trade Commissioner, Melbourne, Aus.
W. A. Beddoe, Canadian Trade Commissioner, Auckland, N.Z.
J. W. Ross, Canadian Trade Commissioner, Shanghai, China.
W. J. Egan, Canadian Trade Commissioner, Cape Town, S.A.
Harrison Watson, Canadian Trade Commissioner, London, Eng.
J. E. Ray, Canadian Trade Commissioner, Manchester, Eng.
B. S. Webb, Canadain Trade Commissioner, Buenos Aires, Argentine
RepubHc.
E. H. S. Flood, Canadian Trade Commissioner, Barbados, B.W.I.
L. D. Wilgress, formerly Trade Commissioner in Vladivostok, Siberia.
N. D. Johnston, Canadian Trade Commissioner, Bristol, Eng,
J. F. Smith, Liverpool, Eng.
Owing to illness, Mr. E. H. S. Flood, Canadian Trade Commissioner to the
British West Indies, was only able to call on a few manufacturers, but each of
the other visiting Trade Commissioners called on a large number.
There is no doubt that the visit of these Trade Commissioners to Canada
was of great advantage to Canadian trade. They were able to talk face to face
with manufacturers with whom they had been corresponding for years as well as
with those who have not taken any interest in export trade until recently. Not
only could the Trade Commissioners give the manufacturers more information
in half an hour's conversation than in several long letters, but the visit created
a personal relationship between the manufacturers and the Trade Commissioners
which will be very helpful in future correspondence.
The following new Trade Commissioners were appointed during the past
year : —
Lieut.-Col. Hercule Barre, Paris, France.
Major Hugh A. Chisholm, Havana, Cuba.
Lieut. J. Vernon McKenzie, Glasgow, Scotland.
Mr. P. W. Ward was appointed Assistant Trade Commissioner for duty in
Capetown on the 1st of April of this year. He sailed for South Africa early in
May of this year.
Lieut.-Col. Barre will work in co-operation with Mr. Phillippe Roy, Com-
missioner General of Canada in Paris, France. He has an office in the same
building.
Mr. W^. McL. Clarke, Canadian Trade Commissioner in Milan, Italy, was
sent on a special mission to Spain, and prepared a series of articles on prospects
of Canadian trade in that country which were published in the Weekly Bulletin
of the Department of Trade and Commerce. He was afterwards instructed to
visit Greece, and his report on conditions in that country is being published in the
Weekly Bulletin.
Mr. L. D. Wilgress, who was Trade Commissioner in Siberia and served on
the Canadian Economic Commission (Siberia), has been appointed Trade
Commissioner for Southeastern Europe. He will investigate trade conditions
in Poland, Jugo Slavia, Czecho Slovakia and in south of Russia.
REPORT OF THE DEPUTY MINISTER 17
' SESSIONAL PAPER No. 10
Many Canadian manufacturers have shown a great interest in export trade
since the armistice was signed. The correspondence of the Commercial Intel-
Ugence Branch has greatly increased and a number of special investigations
have been made on behalf of Canadian firms who wished to have information
regarding overseas markets for their products and the various factors affecting
their sale in competition with the products of rival manufacturing countries.
In making such investigations the Commercial Intelligence Branch not only
utilizes the services of Canadian Trade Commissioners but in covmtries where
Canada is not directly represented advantage is taken of the arrangements made
by Right Honourable Sir George E. Foster with the British Foreign Office
whereby British Consuls co-operate with the Commercial Intelligence Service of
Canada, and much valuable information has been secured from British Consuls.
The British Trade Commissioner in Calcutta, India, has also answered many
letters giving important information, and he issued to British firms in India a
special bulletin made up of extracts from the book "Canada, the Country of the
Twentieth Century," published by this department.
Great industries have been established in Canada in connection with the
war. In some cases the whole output of large plants had been sold to the British
Government or the Canadian Government during the war period and new
outlets had to be found. For instance, Canada has the largest acetic acid plant
in the world. The whole of the product was sold to the British Government
during war-time and yet since the armistice was signed new markets have been
found for the whole of the immense production of this plant.
In a number of cases the sales managers of great Canadian companies have
called at the head office of the Commercial Intelligence Branch to express their
appreciation of the assistance given in finding new markets for their products
overseas.
However, in some cases when inquiries came from abroad for specified
quantities of Canadian products for immediate delivery it was difficult to secure
supplies from Canadian manufacturers owing to the large Canadian demand,
difficulty in securing materials, and labour shortage.
For some time after the ending of hostilities the lack of shipping facilities
seriously handicapped Canadian export trade, but the situation in this regard has
greatly improved.
The most serious difficulty at the present time as regards export trade to the
United Kingdom is the exchange situation.
Export of Canadian manufactured products to France has been to a con-
siderable extent discouraged by the great increases in the French tariff, coupled
with the depreciation of the franc as compared with the Canadian dollar. Italy
also is determined to protect its own industries against foreign competition in the
reconstruction period and many restrictions have been imposed.
More recently the Australian Government proclaimed a new tariff, which
came into operation on March 25. The tariff consists of three schedules, that is
to say, British Preferential, Intermediate, and General. Canadian exports are
subject to the General Tariff.
The British Preferential is extended to imports from the United Kingdom,
and excluding an existing limited agreement with British South Africa, no
preference is granted by Australia to any dominion; but the Minister of Trade
and Customs stated in the Commonwealth Parliament that the Bill provided for
reciprocal arrangements with any dominion on the basis of the British Preferen-
tial or Intermediate Schedules, in whole or in part. The Canadian Government
is now considering an exchange of views with the AustraHan authorities in the
hope that the trade relations between the two countries may be improved.
5230—2
18 TRADE AND COMMERCE
11 GEORGE V, A. 1921
Moving Picture Films.
In the Exhibits and PubUcity Bureau, there has been increased activity in
connection with the preparation and distribution of motion pictures of Canada.
The work has been carried on in co-operation with other departments of the
Government service, and the following films have been produqed and released
during the year: —
Building Aeroplanes in Canada.
Prince of Plaj-grounds.
Harvest of the Sugar Maple Tree.
Salmon Fishing on the Skeena.
The Enemy of the Forest.
A Fish and Bear Tale.
Along the St. John River.
Campfires among the Snowpeaks.
Fish and Fishing for Everybody.
Algonquin Park — Land of a Thousand Lakes.
Along the St. Maurice.
A Bird City.
Peace Hath Her Victories.
Ottawa, the Edinburgh of North America.
In the Valley of the Yoho.
Apple Time in Evangeline's Land.
The Playground of a Continent.
The Last of the Bison.
Where the Moose Run Loose.
A !Motor Boat Ramble.
Solving Canada's Fuel Problem.
A City of Sunshine.
The distribution of our motion pictures in Canadian theatres has been con-
tinued, one film having been released every second week.
In Canada the films were also exhibited during the summer and fall of
1919 b}' Mr. D. W. Johnson, Official Lecturer of the Bureau, at the Fairs held at
Calgar}^, Edmonton, Regina, Saskatoon, Brandon, Toronto, Ottawa, Chatham,
London and Halifax. It is estimated that approximately 150,000 people saw
the pictures and heard the educational talks in connection with these exhibitions.
In August, 1919, a contract was entered into 'with Sir William F. Juryj^
one of the foremost film distributors in England, for the distribution of our
motion pictures in Great Britain. To the end of March, 1920, 84,000 feet of
film had been forwarded to England for this purpose.
Our films have also been distributed in the United States in 6,000 theatres,
and it is estimated that they are exhibited to over 3,000,000 people per week.
In addition to the above, our films are being circulated by our Trade Com-
missioners in Australia, New Zealand, South Africa, and Newfoundland. They
are being distributed in India by the Educational Kinematograph and a series
is in course of preparation for circulation in Havana and South America, in
which is involved the translation of titles into Spanish and Portuguese.
Still photographs have been secured of practically all the motion-picture
views, which have been of use for illustrations in newspapers and magazines
and for the making of lantern slides.
Bureau of Statistics.
The Dominion Bureau of Statistics now carries on its work in ten divisions,
not including an"Administration" Division, which controls staff, answers inquiries
of the public, maintains a central tabulation ssrvice for other departments, etc.,
etc.
REPORT OF TEE DEPUTY MINISTER 19
SESSIONAL PAPER No. 10
Before giving a brief outline of the work of the above divisions, it may be
remarked that a feature of the year was the further completion of the scheme of
statistical centralization, which is now the policy of the Government under the
Statistics Act and Regulations. The Statistical Branch of the Department of
Railways and Canals, dealing with the statistics of railways, street railwa5^s,
express companies, telegraphs, telephones and canals, was transferred to the
bureau during 1919, and reorganized in co-ordination with the work in other jEields.
Definite aj-rangements were also made for the liking of an annual census of
central electric stations in collaboration with the Dominion Water Power Branch,
Department of the Interior, the Hydro-Electric Power Commission of Ontario,
The Quebec Streams Commission, and other bodies. Similiarly, by an arrange-
ment with the Forestry Branch, Department of the Interior, the statistics of
lumbering, pulp and' paper and allied industries are now published under a
co-operative agreement.
Demography. — Beginning with January 1, 1920, six provinces send on their
monthly collections of the statistics of births and deaths to the bureau for com-
pilation. It is expected that the remaining provinces will be brought within the
scheme during the present calendar j^ear. The co-ordination of migration
statistics was under discussiqn with the Department of Immigration. Consider-
able progress was made in connection with the planning of the census of 1921,
Agriculture.- — ^The usual census of acreages and live stock on farms in June
was taken in co-operation with the nine provincial governments. The crop-
reporting services and other features of this division were maintained in increasing
efficiency.
Industrial Production. — Censuses of the production of the fisheries, mines, '
forests, and manufactures were taken by correspondence during the year.
External Trade. — The monthly report of imports and exports was remodel-
led, including the adoption of a new classification of articles and an improved
arrangement of tables. The practice of issuing advance summaries relating to the
statistics of the more important imports and exports was initiated.
Internal Trade. — Further improvements in the presentation of grain statis-
tics were carried out and the preliminary work done on a similar annual treatment
of the live stock industry. The work of the bureau on prices was also organized
in final form.
Finance. — A co-ordination of the public accounts of the Dominion and of the
provinces was carried out, and a beginning made in the systematic collection of
municipal statistics.
Criminal Statistics. — The usual annual report on criminal statistics was
brought out in somewhat curtailed form.
Education. — A detailed scheme for the presentation of statistics of education
was drawn up and was the subject of discussion between the Bureau and the
several Provincial Departments of Education, good progress being made in the
direction of standardization and the general improvement of educational records,
Gerieral. — The Canada Year Book as issued during the past year contains
as its leading article a statement entitled "Fifty Years of Canadian Progress,"
in addition to its usual features.
During the winter of 1920 the Dominion Statistician attended the British
Empire Statistical Conference in London, as the representative of Canada.
Canadian Trade Commission.
While the activities of the Canadian Trade Commission continued unabated
during the past year, naturally the work to a certain extent fell off immediately
following the signing of the armistice, though many contracts and other work
of importance still remained to be dealt with by that commission.
5230— 2i
20 TRADE AND COMMERCE
11 GEORGE V, A. 1921
During the war, as is well known, many industries in Canada had become
converted into shell and -munition factories, many new plants had been estab-
lished for the production of shell components, and large additions had been made
for the manufacture of iron and steel. Upon the cessation of hostilities Canada
found herself confronted with the problem of unemploymet through the closing
down of war work activities. In the reconstruction work that followed, it became
increasingly difficult for private trade, for a time at least, to get back into its
normal channels, and it became necessary therefore that concerted efforts should
be made to enable Canada to reap the full benefits abroad where so much trade
activity continued to be controlled by various Government bodies.
The Canadian Trade Mission in London was therefore established, and
under its auspices credits for certain European countries wfere arranged, the
contracts being carried out at this end by the Canadian Trade Commission,
which commission distributed and allocated the contracts amongst the various
industries with due respect to the nature of any particular trade requirements
and the local conditions appertaining to the same.
The Canadian Trade Commission was appointed by Order in Council, P.C.
3010, dated 6th December, 1918. The personnel of the commission was
originally as follows: —
Chairman, Sir Charles Gordon, Montreal; C. B. McNaught, Toronto; H.
B. Thomson, Victoria.
Owing to ill health, Mr. C. B. McNaught sent in his resignation, which was
accepted by Order in Council, P.C. 1039, dated 19th May, 1919. The vacancy
thus caused was filled by Mr. Rhys D. Fairbairn, of Toronto, confirmed by
'Order in Council, P.C. 1190, dated 23rd of June, 1919.
While this report in reality but covers the fiscal year ended March 31, 1920,
for the purposes of record it may be started that subsequently by Order in Council
of the 19th of May, P.C. 1116, the undersigned was appointed chairman of the
commission, and Mr. J. H. Wilkie a member, vice Sir Charles Gordon and Mr.
Fairbairn, who resigned.
The powers and duties of the Canadian Trade Commission were defined by
Order in Council, P.C. 3010, of the 6th December, 1918.
The main work of the commission consisted in functioning, in conjunction
with the Canadian Mission in London, the credits which were extended by the
Canadian Government to certain European countries whose populations were
engaged in reconstruction work after the war. The following are the countries
to which credits were extended: —
Great Britain, P.C. 3208, 2nd January, 1919—
Timber $.50,000,000
Roumania, P.C. 690, 2nd April, 19l9—
Foodstuffs $ .50,00,000
Raw Materials 5,000,000
Manufactured Goods 15,000,000
$25,000,000
Belgium, P.C. 824, 15th April, 1919—
Foodstuffs % 5,000,000
Raw Materials 5,000,000
Manufactured Goods 15,000,000
• $25,000,000
Greece. P.C. 825, 17th April, 1919—
Manufactured products and for materials for the Government $ 20,000,000
Goods purchased throuRh Greed Government for citizens there 5,000,000
$25,000,000
France. P.C. 1602, 17th July, 1919—
Foodstuffs : $ 10,000,000
Raw Materials 5,000, 000
Manufactured Goods 10,000,000
$25,000,000
Siberia. P.C. SS4, dated 20th Feb., 1919—
Siberian Supply Co. (agents for Canadian Government) $1,000,000
$151,000,000
REPORT OF TEE DEPUTY MINISTER 21
SESSIONAL PAPER No. 10
The amount actually expended by the Canadian Government against these
orders up to March 31, 1920, were as follows: —
Great Britain $ 23,407,360-00
Roumania 19,410,041-86
Belgium 1,754,352-77
Greece 2, 747, 031-36
France 5 , 501 , 730 - 53
Coal. — The Fuel Controllers' office was closed on October 25, 1919. Almost
immediately after a strike occurred in the bituminous coal fields of the United
States. To meet this situation, the export of coal from Canada was prohibited
except under license. The Fuel Controller, Mr. C. A. Magrath, did not have an
organization to handle the situation, so the Canadian Trade Commission under-
took the work, at the request of the Government, under the direction of Mr.
Magrath.
It was necessary to immediately ascertain what stocks of coal were in the
country, the quantity available on wheels on Canadian railroads, and the mini-
mum requirements of central Canada for the remaining months of the coal year.
After investigation of Canada's needs, Mr. Magrath proceeded to Washing-
ton and succeeded in inducing the United States authorities to allow Canada a
supply of one hundred and twenty-five cars per day, provided that the coal was
distrii3uted in accordance with priority ratings, established by the United States
Fuel Administration.
He was also required to guarantee payment of any coal supplied under this
arrangement.
The procedure adopted in distributing this emergency coal was, that all
applicants filed affidavits with their provincial administrator, setting forth' the
following information : —
(1) The character of the work to carry on which the coal was required.
(2) The quantity of coal on hand.
(3) Daily consumption.
(4) Source from which coal was usually obtained.
(5) Size and grade of coal desired.
If the Provincial Fuel Administrator approved of the application, it was
forwarded to the Canadian Trade Commission, the applicant being required to
advance a deposit at the rate of $150 per car for each caK of coal required.
The arrangements made were quite satisfactory, although Canada never
received the 125 cars per daj^, as promised: such industries, public utilities and
institutions as were short of coal receiving sufficient supplies to keep them
operating and heated. Fortunately the strike was settled about the middle of
December and anxieties in regard to the coal supply for Canada were greatly
relieved.
As the Fuel Administration had been set up under the War Measures Act,
and the future appearing brighter, an Order in Council was passed, cancelling the
order establishing Fuel Control in Canada on the Fifth day of March last.
Sugar. — In regard to sugar, a shortage developed during the preserving
season in 1919, and as in the early part of 1919 sugar had been plentiful and the
supply more than sufficient to meet the domestic demand, export had been
encouraged and allowed. The prevailing world shortage, however, created a
condition whereby it was more profitable for the refiners to export sugar than to
sell it in the home market, and in order to conserve the necessary supplies for the
domestic and manufacturing consumption of Canada all export licenses were
cancelled.
22 TRADE AND COMMERCE
11 GEORGE V, A. 1921
The shortage which obtained during 1919 has continued this year, owing in
a large measure to the shortage of the Cuban crop and also to the increased
demands from European countries.
The underlying principle governing the licensing of exports is that the home
demand must be met before any export licenses are granted. Owing to strikes
in Cuba and the United States, the movement of raws to Canada was considerably
delayed during the early part of the year, and consequently, although the refiners
made fair deliveries there has been no surplus for export, and should all the con-
tracts which the refiners have for raw sugars be filled, there would still appear to
be a shortage, but as there are still raw sugars for sale, the refiners will doubtless
be able to meet the demand, although the price for raws has increased from 63^
cents a pound in October last to 183^2 cents per pound to-day. It is not expected
that the refiners will be able to procure the balance of their requirements at a less
figure than the prices now being quoted. Nevertheless, Canada to-day is better
supplied with sugar than any other country in the world, and moreover, it is
also cheaper.
Contracts for the Production of Pig-Iron.
When the War Trade Board was dissolved they had on hand two contracts
for the production of pig-iron, viz., with the Midland Iron & Steel Company,
Midland, Ont., and the Parry Sound Iron Company, Parry Sound, Ont., for their
total production up to August 1, 1920, in the case of the former and September
30, 1920, for the latter. These contracts were based on payments on a sliding
scale, the maximum being S45 per ton for No. 1 foundry and S44.50 for No. 2.
The administration of these contracts was subsequently taken over by this
department and placed in direct charge of Mr. H. D. Bayne, Supervisor of Metal
and Fibre.
On March 31 1919, very little had been done with the exception of appointing
inspectors and chemists at Midland and Parry Sound, furthermore inspecting and
analysing the above companies' products previous to February 1st by an outside
commercial testing bureau, this amount being approximately 3,500 tons.
In view of the fact that the regular merchant furnaces were at that time
in a position to take care of the country's needs, it became a question as to
whether or not it would be advisable to continue or cancel the further production
of pig-iron. At the request of the Acting Minister, Hon. A. K. Maclean, a
physical examination vias made and a report on both properties with a view of
ascertaining the most equitable manner of adjustment.
Negotiations were then entered into between this Department and the two
furnaces, with the result that after many conferences and meetings, the Govern-
ment offered and the contractors accepted the sum of $460,000 in the case of the
Midland Iron & Steel Company and $200,000 in the case of the Parry Sound Iron
Company for the cancellation of their production on July 31st, 1919, agreeing
however to take care of all loading and storage charges until August 31, 1920.
It then became purely a commercial proposition of disposing of the stock
on hand in competition with the existing furnaces, which has been vigorously
carried out as is shown by the following statement: —
Midland Iron and Steel Co.
No. 1 Foundry. No. 2 Foundry.
Balance material on hand as on March 31, 1919, produced prior to
that date 5,326 G.T. 4,G6o G.T.
Produced Aprill, 1919, to July 31, 1919 5,370 G.T. _ 6,905 G.T.
Adjustment on re-weighed casts 214 G.T. 190 G.T.
Total to account for fiscal year 10,910 G.T. 11,380 G.T.
Shipped from Aprill, 1919, to March 31, 1920 5,177 G.T. 4,196 G.T
Balance material on hand on March 31, 1920 5,7.33 G.T. 7, 184 G.T.
Material sold — not shipped 5,733 G.T. 1,810 G.T.
Balance material on hand — not sold Nil. 5,374 G.T,
REPORT OF THE DEPUTY MINISTER
23
SESSIONAL PAPER No. 10
Parry Sound Iron and Steel Co.
No. 1 Foundry.
Balance material on hand March 31, 1919, produced prior to that
date 1,24.3 G.T.
Produced April 1, 1919, to July 31, 1919 901 G.T.
Total to account for fiscal year
Shipped from April 1, 1919. to March 31, 1920. .
Balance material on hand as of March 31, 1920.
Material sold — not shipped
2,144 G.T.
1,868 G.T.
276 G.T.
276 G.T.
Balance material on hand — not sold .
St.atement of Disbursements.
Nil.
No. 2 Foundry.
741 G.T.
2,068 G.T.
2,809 G.T.
27G.T.
2,782 G.T.
" Nil.
2,782 G ,T
Paid Mi41and Iron and Steel Company for iron during Fiscal year 1919-20
Paid Parry Sound Iron Company for production of iron from April 1 to July 31, 1919 (can-
cellation date of contract)
601,074.31
123,831.96
Paid Midland Iron and Steel Company for cancellation of contract in lieu of further pro-
duction
Paid Parry Sound Iron Company for cancellation of contract in lieu of further production. .
Total paid for production fiscal year 1919-20
Paid freight charges on shipments of iron to consignees
Special inspection of approx. 3500 tons of iron material produced prior to Jan. 31 , "1919
General expenses, salaries and overhead
724,906.27
460,000.00
200,000.00
1,384,906.27
57,797.16
3,887.43
13,530.11
Grand Total Expenses ". 1,460,120.97
Record of sales — proceeds of which will be applicable to fiscal year 1919-1920 —
No. 1 Foundry Ex. Midland 5177 G.T $ 204,845 86
No. 2 " " 4196 G.T 158,709.53
No. 1 " Parry Sound 1868 G.T 81,19183
No. 2 " " 27 G.T 998.60
Estimated amount of material sold no< shipper/ — exact figures cannot be determined until
delivery points are named — 7,819 G.T. at $45
445,740.82
351,855.00
Recapftul.^tion.
79?, 600.82
Grand total expenses $ 1,460,120.97
Proceeds from sales 797, 600 .82
Estimated loss, including $660,000 cancellation charged
662,520.15
In conclusion I might state that up to the present there has not been a single
bad debt, all payments having been met in full, and although no profit has been
made, the loss has been considerably less than originally anticipated.
Board of Grain Commissioners.
Following an extraordinary mild winter a larger acreage was sown in 1919
to wheat, oats, flax and rye than ever before in the history of the Prairie Provin-
ces. An early and very hot summer followed, during which little or no rain fell
until harvest time. As a result the average yield per acre in Saskatchewan and
Alberta was cut in half. In some sections the drought was so severe that crops
were insufficient to provide feed for cattle. In some sections of Manitoba
conditions were very similar to those existing in Saskatchewan and Alberta, but
in other sections the crops were good and produced a high yield so that, except
in the case of barley, the estimated production was about the same as in 1918.
Harvesting commenced exceptionally early too, and the larger movement of the
new crop in August seemed to indicate a speedy delivery of a large proportion to
European buyers before the closing of navigation on the great lakes. Heavy
rains set in, however, hindering the harvesting and threshing of the grain. This
in turn was followed by a very early setting in of winter, and much grain was
giiowed under to await the advent of spring.
24 TRADE AND COMMERCE
11 GEORGE V, A. 1921
As long as navigation remained open on the Great Lakes ample tonnage
was available to transport all the grain jirriving at Fort William and Port Arthur,
so that little remained at the close of the season in elevators. The movement
by rail during the winter was freer than usual, taking care of the greater part
of the grain arriving, and keeping stocks in store low.
During the period between September 1 and March 31, 7,825 more cars
were inspected in the Western Grain Inspection Division than for the same period
of the crop year 1918-19. The freer movement of oats on account of the
record high prices accounted for an increase of 14,217 cars, more than offsetting
decreases of 8,284 cars of wheat and 369 cars of flax inspected. In barley also,
for the same reason, and in spite of a much smaller crop, an increase ofl, 621
cars is noted. Comparative figures are as fellows: —
Seven months ending: Wheat. Oats. Barley. Flax. Rye. Others.
March 31, 1919 88.451 10,055 6,119 1,937 896 412
March 31, 1920 80,167 24,272 7,740 1,568 1,478 470
The total receipts of each of these grains at all the Fort William and Port
Arthur elevators for the same period reflect the same conditions and are as
follows: —
' ' 1919—1920. 1918-1919.
Wheat 72,067, 183 Bushels 87, 128, 768 Bushels
Oats 18.024,567 " 6,074.490 "
Barley " 6.361,620 " 5,074,925
Flax 929,592 " 1,540,353
Rye 888,263 " 732,912
The total grain handled by country elevators during the crop year 1918-19
showed a marked falling-off as compared with the previous year on account of the
smaller crops of 1918: —
Receipts. 1918-1919. 1917-1918.
Wheat 23, 976, 794 Bushels 158, 525, 248 Bushels
Oats...' 38.643,567 " 58,063,127
Barley 12. .500, 638 " 8,961,495 "
Flax 1.982.659 " 4,896,410 "
The total amount of principal grains handled by the Government interior
terminal elevators at Calgary, Moosejaw, Saskatoon and Vancouver, during the
crop year 1918-19, as compared with the previous crop year, is as follows: —
Receipts. 1918-1919. 1917-1918.
Wheat , 4, 404, 326 Bushels 7,311,780 Bushels
Oats ....' 5,155,118 " 8,968,600
Barley ^. 751,268 " 316,888 "
Flax • 36,128 " 108,911
Rye 41,280 " 40,939
Of the wheat in 1918-19, 349,034 bushels were Australian wheat.
The total amount of principal grains handled by the Government elevator
at Port Arthur, during the crop year 1918-19, as compared with the previous
year, is as follows: —
Receipts. 1918-1919. 1917-1918.
Wheat 3,678,419 Bushels 8,911,239 Bushels
Oats 825,669 " 1.438,719
Barley 4.36,791 " 307,851
Flax 354,174 " 469,905
Rye 46, 758 " 12, 135 "
Owing to the light crop a large number of country elevators in the affected
areas were not opened during the season, resulting in a decrease in the number
of licenses issued of 180 as compared to 1918-19, and 442 as compared to 1917-18.
The following statement shows the number of each class of license issued
during the last three crop years: —
REPORT OF THE DEPUTY MINISTER 25
SESSIONAL PAPER No. 10
Licenses Issued. 1917-1918. 1918-1919.
Country elevator 3, 584 3, 322
Other elevators 55 ' 51
Track buyers' 156 130
Commission merchants' ■.' 126 117
Total 3 , 921 3 , 620
1919-1920.
Country elevator 3, 142
Other elevators 53
Track buyers' 131
Commission merchants 113
3,349
Board of Grain Supervisors.
The Board of Supervisors was created by Order in Council under the War
Measures Act, on the 11th June, 1917. The members were as follows: —
Dr. R. Magill, Chairman; J. C. Gage, W. Bawlf, W. A. Matheson J.,
Stewart, T. A. Crerar, A, Wood, Best, Ainee, Clark.
The board marketed Canadian wheat during the critical years of the war,
and it was dissolved on the 31st of January, 1920.
It marketed the balance of the wheat crop of 1916, and the whole of the
wheat crops of 1917 and 1918, making a total of about 350,000,000 bushels of
wheat.
The board was created because international trading in wheat by commer-
cial methods had become impossible. Ocean tonnage, international money
rates, price levels, credit facihties — all these conditions of international trading
had been so profoundly disturbed by the war that only the Government could
carry the burden of marketing the wheat.
The board fixed the basis price of wheat in store at Fort William and Port
Arthur, then in parity with the basis price, the price at every elevator in the
interior and at the seaboard. In fixing the basis price the board acted in close
communication with the corresponding authority in the United States, with the
result that the price of wheat of the same variety and grade and in the same
relative position was identical in Canada and the United States.
The board distributed the wheat as between Canada and the Allied coun-
tries, and in so far as the domestic consumption was concerned, they distributed
the wheat amongst Canadian millers.
The closing of navigation on the Great Lakes presses the problem of the
carrying charges on wheat during the winter months. These charges include
storage, interest and insurance. The price of wheat at any one point being
identical during the twelve months, those carrying charges were paid by the
Board out of the fund created for the purpose.
In handhng the wheat the method adopted by the board and operated
during the whole period of its existence was to fix the price of each grade and
variety and at each geographical point, to fix all commissions and brokerages,
to fix quantities to be dehvered and the terms and conditions of delivery, to
embody all these decisions in orders, and to utiUze the existing grain and trade
organizations to execute these orders. Close supervision was maintained, but
throughout the war period producers, grain dealers and millers in Canada
co-operated cordially with the board, and although the operations were so exten-
sive and so complicated no friction resulted.
The fund created by the board for the payment of carrying charges was the
result of an assessment of 4 cents per bushel on all wheat sold in 1917, and 3 cents
per bushel on all wheat sold in 1918. Disbursements for carrying charges wer
26 TRADE AND COMMERCE
11 GEORGE V, A. 1921
made regularly to all elevators and mills, but there were balances left from day to
day in the banks to the credit of the board. The interest on these unused bal-
ances amounted to a total of $149,193.37, and the total administrative expenses
of the board for all purposes were $140,621.65. The interest, therefore, paid the
total administrative expenses of the board, and out -of the carrying charge fund
there was when the board was dissolved, an unused surplus of about $400,000,
which surplus was handed over to the Dominion Government.
Electricity and Gas Inspection.
The work of inspection of these services continues to expand. The number
of electric meters verified during the fiscal year was 182,214 and gas meters
83,954, making a total of 266,168. This indicates an increase of over 50,000
meters for the year. Add to this the number of tests made in the standardizing
laboratories at Ottawa, Winnipeg and Vancouver, and the total will reach
approximately 500,000 tests. Some difficulty has been experienced in maintain-
ing the inspection staff up to a condition adequate to meet the increase in the
amount of work, due largely to the fact that better salaries are being paid by the
electric lighting and power companies outside the service.
The completion of the work of equiprhent of the Winnipeg electrical stand-
ardizing laboratory has been delayed somewhat by the non-delivery of switch-
board material, but the work of checking the working standards of the division
has been carried on under improvised conditions and no very serious inconven-
ience has been experienced. It is expected that the equipment of the laboratory
will be completed within the next few months and the standards available for the
comparison of instruments from the electric companies and industries generally.
There are eleven hydro-electric companies at present engaged in the export
of electrical energy to the United States under conditions as to quantities and
terms similar to those obtained that prior to the war. With regard to the
demand made by certain of the municipalities of Ontario that the export of
power be reduced in order that an increased supply be made available for Cana-
dian users, it may be stated that on former occasions when the cutting off of the
export of electric power has been raised interested parties in the United States
have pointed out that should the export be discontinued by Canada the question
of the export of coal from the United States to Canada would also have to be
considered, and the discontinuance in one case would no doubt be followed by
similar action in the other. »
During the year 1919 Canada imported approximately 21,000,000 tons of
coal from the United States and exported 2,000,000 kilowatt hours of electrical
energy, equivalent to approximately 3,000,000 tons of coal. It will thus be seen
that in the matter of power Canada receives from the United States about seven
times more than she gives her.
Under the circumstances the question becomes one of international import-
ance between the two countries.
The reports and statistics as to the work done under the Electricity and Gas
Inspection Acts will appear as usual in part 2, departmental report, for the fiscal
year.
Weights and Measures.
The return for the year jilst closed, for the Weights and Measures service,
which is in charge of Mr. E. 0. Way, Chief Inspector, compare favourable with
any preceding year, in spite of the advanced prices which this service has had to
meet in traveUing, freight, cartage, livery and board.
The number of weights, measures and machines inspected have increased
by 39,408 — the grand total being 427,408, as against 388,338 for the previous
year.
REPORT OF THE DEPUTY MINISTER 27
SESSIONAL PAPER No. 10
The revenue collected also shows the creditable increase of $12,975.63— the
grand total being $149,473.43, as against $136,497.80 last year.
The figures for expenditure are not quite complete at this time of writing —
but the total within a few dollars (exact figures will be given in the Weights and
Measures and Gas and Electricity separate report), show an increase of $36,-
601.45 over last year, the grand total being verly closely $266,487.34, as against
$229,885.89 for the previous year. Of this adverse advance, $30,332.54 is made
up of increases in salary, $10,495.89, and increased bonus, $19,836.65 — limiting
the actual increase in working expenses to $6,268.91, which is more than covered
by the $12,9T5.63 increase in revenue.
There are only 134 inspecting officers for the Dominion, and the total on
account of salaries is —
Salaries .' $ 131,015 84
Provisional allowance (part of the year only) 3,821 77
Bonus ^ 45,663 54
$ 181,501 15
That is, salaries average less than $1,000 per man, whereas the classification
fixes the minimum for a new man at $1,200.
During the year 209 seizures have been made of false and incorrect scales,
etc. but only eighteen prosecutions have been instituted, since a great many
of the offenders are little traders and very often of foreign extraction, unable to
read either English or French.
Considerable investigation and supervision has been exercised over short
weight under section 61a, chapter 75, an Act to amend the Weights and Measures
Act. Short weight is an insidious evil and its significance is not fully reahzed.
For these reasons a great many shortages are due to pure carelessness and
indifference; but to the purchasing public, short weight at current high prices by
carelessness is as great a loss as short weight by fraud. As a new departure.,
the service has not resorted to prosecution except in very bad cases — in fact only
five proceedings^ were taken during the year — but there is plenty of evidence to
show that our missionary campaign against this feature in trade by weight and
measure has been excellent and beneficial results to the great benefit of the
public.
Metric System.
A determined campaign by mail, directed from San Fransisco, U.S.A., to
bring about the compulsory introduction of the Metric System has engaged
the close attention of the chief inspector during the past year. Some 225 cards
have been received bearing printed resolutions for the early introduction of the
Metric-Htre-gram System. It is, however, instructive to note that only nine (9)
of these resolutions have been signed by those engaged in any productive business
or industry, all the rest being sigried by doctors, dentists, lecturers, clergymen,
and barristers.
It would be a very serious thing to force this new system of weights and
measures upon agriculture and industry, where the unit of measure -and weight
are the basis of production, upon the demand of theorists, or because the chemist
and the medical man find the Metric System with its decimal sequence and inter-
relation so useful in his laboratory. For their part the Canadian Manufact-
urers' Association (as representing practical men) sent in last year a strongly
worded resolution protesting against any such change, pointing out, inter alia,
that a special British Committee appointed by the British Government to study
this subject in relation to British trade, including exports, reported absolutely
against any such revolutionary step.
28 TRADE AND COMMERCE
11 GEORGE V, A. 1921
It is quite apparent that the introduction of a new set of units of measure-
ment must create confusion, since existing production on the present EngUsh
units must last and continue in use a great many years. Instead of simphcity
then, the Metric System will simply make matters worse, and history teaches
us that even fifty years of compulsion in France herself has not brought about a
complete use of the Metric System and that in the Netherlands the new system
was not generally used even eighty years after its adoption. The situation is
being closely watched and carefully studied.
The financial statement, together with statistics showing the complete
activities of this service, will be issued in a separate report.
Gold and Silver Marking Act.
Mr. W. J. Ryan, Inspector of the Gold and Silver Marking Act, reports, for
the year ending December 31, 1919, that the conditions that exist to-day among
the manufacturers and dealers in all kinds of jewellery and silverware, and also
their kindred lines has vastly changed from those of five years ago; and such
changes cannot be said to be to the detriment of any one in the trade.
The manufacturers were taxed to their utmost in their endeavour to fill the
greater portion of the demands made upon them, while the retailer was com-
plaining of the lack of goods to gratify the demand of the public for luxurious
articles, while the wages of all, especially that of the working jewellers were
increased.
The prospects for the coming year appear to be very good, providing that
the manufacturers can get material (gold and silver) to keep their establishments
going.
The continuous demand of the public for articles of gold and silver, and the
difficulty of importing such articles continually increasing, has already put the
manufacturer at his wits end to cope with the situation.
The conditions mentioned has had unsettling effects in some respects,
however, especially among the working jewellers. The high prices of, and big
demand for jeweh-y seem to lure many into the manufacturing, especially into
the making of rings, which requires very little capital for plant; in fact all their
capital is required for material.
Your inspector was obliged to bring six of these new men in business into
court for contraventions of sections 7 and 8 of the Act. It is a common infraction
of the Act for new men in the business to omit application of a registered trade
mark, and to make goods inferior in quality, as was the case with those brought
into court, and convicted on the assay of the Royal Mint.
There were also seven retail dealers brought into court under section 14,
they having made use of printed matter, representing gold-plated articles to be
of gold-filled quality and guaranteeing to wear a length of time; they were also
convicted and fined. ^
In conclusion, sir, I beg to say that owing to the scarcity of gold, there is
likely to be a tendency to manufacture more gold-filled and gold-plated goods,
and consequently it will be necessary for your inspector to continue his scrutiny
of such lines and be more rigorous in the enforcement of such sections of the Act
governing such lines.
REPORT OF THE DEPUTY MINISTER
29
SESSIONAL PAPER No. 10
Crude Pb-troleum Bounties.
Mr. J. C. Waddell, Supervisor of Crude Petroleum Bounties, reports for the
calendar year ended December 31, 1919, as follows: —
The crude petroleum production of the oil-fields in Western Ontario has
been for some years about 200,000 barrels annually.
In the year 1919, 220,000 barrels were produced This poduction com-
pared with the production of 1918 shows a decrease of about 68,000 barrels.
This decrease is found principally in the new oil-fields in Moza township, Middle-
sex county, the decrease in this field being 63,000 barrels for the past season;
the other field which showed marked decrease is Tilbury, which showed a de-
crease of about 7,000 barrels for the year.
It is very satisfactory to know that the old Lambton county oil-fields have
increased their production by some 5,000 barrels. Petrolia and Enniskillen
show an increase of 4,600 barrels, and Oil Springs an increase of 500 barrels.
This shows great stability, as the Petrolia oil-fields are now entering on their
58th year of oil production.
The following is a summary of the oil districts, showing the increase or
decrease in the production of 1919, as compared with the year 1918: —
Petrolia and Enniskillen .- Increase about
Oil Springs .- ,
Sarnia township
Plympton township. . . . ^
Bothwell ■••
Moore township Decrease
Tilbury
Dutton ,. ■
Ononadaga
Belle river
Moza township
Thamesville
Month.
January
February.. .
March
April
May
June
July
August
September.
October. . . .
November.
December. .
Oil Production.
Crude Petroleum. Year 1919.
Gallons.
850, 333
692,494
660,598
643,910
603,805
612,315
694,280
666,. 321
621,311
542,070
506,709
609,369
ncreasc
Deereaj
} about
>e
4, 600 barrels
500
800 "
150 "
300 "
2,300 "
7,000
600
1,000 "
450
63,000
750 "
arrels.
Bounty Paid.
24, 295 08
$ 12, 754 98
19,785
19
10,38741
18,874
OS
9, 908 93
18,397
15
9, 658 63
17,251
20
9,057 04
17,494
25
9,184-65
19,836
20
10,41421
19,0.37
26
9, 994- 77
17,751
26
9,319-62
15,487
25
8,13106
14,477
14
7,600-61
17,410
19
9, 140- 51
Totals. .
7,703,515
220, 100- 15
$115,552-42
By Districts.
District.
Petrolia and Enniskillen.
Oil Springe
Moore township
Sarnia township
Plympton township.'
Bothwell
Tilbury
Dutton
Onondaga
Belle River ,
Moza township
Thamesville
otal.
Barrels.
70, 087 00
45,244 31
4, 029 03
4,259-13
560 01
29,424-32
18, 365 00
1,272-15
196-27
45,859-29
801 04
220,100-15
The average price paid per barrel during the year was $2,873/^.
30 TRADE AXD COMMERCE
11 GEORGE V, A. 1921
Binder Twine.
Mr. J. C. Waddell, Inspector of Binder Twine, reports for the calendar year
ended December 31, 1919, as follows: —
During the year at different periods, I have inspected the twine in all the
factories, and have found the twine companies filling large orders and running to
full capacity. I have carefully inspected the twine and have much satisfaction
in reporting to you that all times I have found the manufacturers keeping their
twine up to the standard called for in the binder twine regulations.
I have also inspected twine in all the large centres throughout the Dominion,
and have found the twine to be of first class qualit}', and up to the standard ^n
length, strength and uniformity, and fully complying with all regulations as
required. In no case have I found any twine not up to standard, hence have not
had a cause to make a seizure during the past season.
The amount of binder twine manufactured in all the factories for the past
year is 16,750 tons. *
The firms manufacturing binder twine are as follows: —
The Brantford Cordage Co., Brantford, Ontario.
The Consumers Cordage Co., Montreal, Que.
The Consumers Cordage Co., Dartmouth, X.S.
The Plymouth Cordage Co., Welland, Ontario.
depart:mextal changes.
Upon the creation of the Department of Health, the administration of the
Adulteration Act, the Proprietar}^ or Patent Med,icine Act, the Commercial
Feeding Stuffs Act and the Fertilizers Act were transferred to that department
from the Department of Trade and Commerce. This w^as effected by Order in
Council of the 23rd of August, 1919.
Respectfully submitted,
F. C. T. O'HARA,
Deputy Minister.
n GEORGE V SESSIONAL PAPER No. 10a A. 1921
DOMINION OF CANADA
REPORT
RELATING TO
MAIL SUBSIDIES AND STEAMSHIP SUBVENTIONS
AS CONTROLLED BY THE
DEPARTMENT OF TRADE AND COMMERCE
FOR THE *
Fiscal Year ending March 31, 1920, with Traffic Returns, etc., to
December 31, 1920.
This Report is published as a Supplement to the Annual Report of the Deputy Minister,
end was formerly published as Part VI of the Annual Report of the Department.
PRINTED BY ACT OF PARLIAMENT
OTTAWA
THOMAS MULVEY
PRINTER TO THE KING'S MOST EXCELLENT MAJESTY
1921.
11 GEORGE V
SESSIONAL PAPER No. 10a
A. 1921
Explanation of Estimates for the year ending March 31, 1922, as compared with
those for the year ending March 31, 1921, with statements of services rendered
and exijenditures to December 31, 1920, on account of Mail Subsidies and Steam-
ship Subventions.
XYIL— MAIL SUBSIDIES AND STEAMSHIP SUBVENiTIONS
Amount to be voted, $1,033,800.66.
Page
No.
Vote
No.
1920-21.
1921-22.
7
155
9
156
13
157
16
158
20
159
21
160
23
161
24
162
26
163
28
164
30
165
31
166
31
167
33
168
35
169
36
170
38
171
40
172
41
173
43
174
45
175
46
176
48
177
49
178
52
179
53
180
54
181
55
182
57
183
58
184
60
185
60
186
64
187
66
188
67
189
68
190
69
191
70
192
72
193
73
194
74
195
76
196
ATLA^TIC Ocean.
Canadian Atlantic ports and Australia and New Zealand.
Canada and Newfoundland
Canada, the West Indies and South America
Canada and South Africa
Pacific Ocean.
Canada, Australia or New Zealand, or both (Pacific).
Prince Rupert and Queen Charlotte Islands
Victoria and San Franci.sco
Victoria, Vancouver and Skagway
Victoria and West Coast Vancouver Island
Vancouver and Northern ports of British Columbia. . .
Vancouver and ports on Howe Sound
Local Services.
Baddeck and lona
Charlottetown, Pictou and New Glasgow
Charlottetown, Victoria and Holliday's Wharf
Grand Manan and the mainland
Halifax, C'anso and Guysboro
Halifax and I^a Have River
Ha' if ax and Newfoundland via Cape Breton ports
Halifax and Spry Bay
Halifax, South Cape Breton and Bras d'Or Lakes
Halifax and West Coast Cape Breton
Mulgrave and Canso
Mulgrave and Guysboro
Newcastle, Neguac and Escuminac, Miramichi River and
Bay
Pelee Island and the Mainland
Mulgrave, Arichat and Petit de Grat
Pictou, Montague, Murray Harbour and Georgetown
Pictou, Mulgrave and Cheticamp
Pictou, New Glasgow and Antigonish County
Port Mulgrave, St. Peter's, Irish Cove and Marble Mountain
Pictou, Souris and the Magdalen Islands
Quebec, Natashquan and Harrington
Quebec, Montreal and Paspebiac
St. John and St. Andrew's, N.B
St. John and Bridgetown
St. John and Digby
St. John, Digby, Annapolis and Granville
St. John, Bay of Fundy and Minas Basin
St. John, Westport and Yarmouth
Sydney and Bay St. Lawrence
Sydney and Whycocomagh
Sydney, Bras d'Or Lake ports and East and West Coasts of
Cape Breton
Expenses of supervision
Other appropriations for 1920-21 not required for 1921-22 .
Authorized by Statute.
Canada, China and Japan (1-2 Geo. V, Chap. 25) (expires
•April 6, 1921)
f cts.
140,000 00
35, COO 00
340,666 66
146,000 00
130,509 00
21,000 00
3,000 00
25,000 00
15,000 00
24,800 00
5,000 00
6,825 00
2,000 00
2, SCO 00
15,000 00
7,000 00
4,000 00
7,000 00
4,000 00
6,000 00
4,000 00
11,500 00
7,500 00
3,000 00
8,000 00
9,000 00
6,000 00
7,500 00
1,500 00
6,500 00
70,000 00
4,000 00
2,000 00
10,000 00
2,000 00
5,000 00
10,000 00
9,000 00
4,000 00
14,000 CO
4,000 00
203,000 00
1,341,800 66
121,666 66
cts.
35,000 00
340,666 66
146,000 00
130,509 00
21,000 00
3,000 00
25,000 00
15,000 00
24,800 00
5,000 00
8,825 00
2,000 00
2,500 00
15,000 00
7,000 00
4,000 00
5,000 00
6,000 00
6^000 00
4,000 00
13,500 00
7,500 00
4,000 00
8,000 00
9,000 00
6,000 00
7,500 00
1,500 00
6,500 00
(20,000 00
50,000 00
[30,000 00
4,000 00
2,000 00
10,000 00
2,000 00
5,000 00
10,000 00
9,000 00
4,000 00
14,000 00
4,000 00
1,033,800 66
1,463,467 32
1,033,800 66
10a— IJ
11 GEORGE V SESSIONAL PAPER No. 10a A. I92I
ATLANTIC OCEAN SERVICES
CANADIAN ATLANTIC PORTS AND AUSTRALIA AND NEW ZEALAND
NEW ZEALAND SHIPPING CO., LTD.
Contract No. 46.
T. & C. File No. 25729.
Canadian Atlantic ports and Australia and Xrir Zadand. slomn service hetween —
1920-21 $140,000
1921-20 No subsidy voted.
Contractors. — New Zealand Shipping Co., Ltd., of London, England. (Canadian
address: 213 Board of Trade building, Montreal, Que.)
Contract dated-— -June 5, 1920.
Duration of Contract. — Oijening of navigation, 1920, until March 31, 1921.
Service. — Approximately monthly. This is an outward service only, and these
steamers do not return to Canada directly.
Ports of Call. — (a) During the season of open navigation on the St. Lawrence,
from Montreal to the ports, or any two of the ports, of Auckland, Wellington. Lyttle-
ton and Dunedin, N.Z., and the ports of Melbourne and Sydney, Aus., calling at
such other ports in New Zealand or Australia as the contractors may desire.
(6) During the season of closed navigation on the St. Lawrence, from St. John,
N.B., calling at Halifax, and thence proceeding to the ports in New Zealand and
Australia mentioned in paragi'aph (a).
Speed and Capacity Itequired. — 10 knots, each ship to be capable of carrying
7,500 tons at 40 cubic feet to the ton.
.Sk.ibsidy.—%140,OQO per annum, payable at the rate of $11,GGG.66 for each trip.
Cold storage. — Steamers to be fitted with reasonable cold storage accommodation
should occasion warrant.
Deduction if or Short Cargo. — An average cargo of 5,000 tons on each monthly
trip is to be carried throughout the year ; and $2 is to be deducted from the subsidy
at the end of each year for every ton short of the total measurement or weight which
should have been carried upon such number of sailings as may have been i>erfovmed.
based upon the said 5,000 tons per voyage.
Mails. — To be carried free.
Trade C ommissioners. — To be carried free.
Government Railivay Clause. — Included.
DISTANCES.
Miles.
St. John to Melbourne 12,435
Halifax to Melbourne. 12.250
Montreal to Melbourne 12,895
Melbourne to Sydney 57a
Sydney to Auckland ^'~Vl
Auckland to Welling-ton 5o5
Welling-ton to Lyttleton l'?5
Lyttleton to Dunedin 181
Diistance between terminal ports — Sumimer 15,656
Winter ^. . . .. 15.303
TRADE AND COMMERCE
DESCRIPTIONS OF VESSELS EMPLOYED.
11 GEORGE V, A. 1921
Dimensions.
Tonnage.
B
1
o
|i
PU
S
a
a.
u
1
.1
2:
Built.
Name-
.a
"Si
I
1
O
'3
6
At
In
Of
Orari
Somerset
Otarama
Ft.
460-6
460-6
454
420
460
460
450-4
420-7
478
363
420
Ft.
60-2
62-8
56-6
.54
58-2
58-2
58-4
54
63-2
51-1
54
Ft.
31-3
34-6
36
28-6
31-2
30-9
37-2
28-6
31-2
26- 1
28-7
6,905
7.384
4,873
3,466
5,714
5,671
4,911
5,299
5,073
2,675
5,126
9,179
9,773
7,759
5.627
8,838
10,924
11,670
10,400
8,. 523
10.2.50
12
Nil.
Nil.
Nil.
Nil.
12
Nil.
Nil.
Nil.
Nil.
Nil
Cu. ft.
365,361
372.600
174,339
180,000
340,000
288,929
Nil.
281,193
102,190
Nil.
39,397
943
■'817
505
918
918
1,138
518
967
385
505
Knots
12
12
12
10
11
12
12
10^
12
10
lOi
Dumbarton.
Hull
Glasgow
Newcastle. .
Clydebank .
Clydebank.
Belfast
Newcastle. .
Newcastle. .
S. Shields..
Newcastle. .
1906
1918
1912
1899
1902
1903
1919
1904
1916
1911
1900
Steel.
Steel.
Steel.
Steel.
Suffolk
Steel.
Kaikoura
<")tira
8,697 10,7.38
7,995 11,240
6,975 8,087
7,956 10,700
4,185 7,393
6,930 9,500
Steel.
Steel.
Steel.
Steel.
Steel.
Steel.
TRAFFIC RETURNS.
Calendar
Year.
1912
191.3
1914
191.5
1916
1917
1918
1919
1920
No. of
Round
Trips run.
12
12
12
10
Passengers
Carried.
15
3
Nil.
1
Nil.
Nil.
Freighjb Carried
(Outwards) .
Weight.
Tons.
18,011
10,901
44,245
29,024
19,738
11,882
Measure-
ment.
Tons.
75,201
69,792
74,. 569
64,234
46,820
37,704
Live
Stock.
No subsidized service was performed.
7 Nil. I 13,042 35,146
11 Nil. 18,722 74,267
10
24
Nil.
Nil.
Nil.
Nil.
Nil.
13
Mails.
Nil.
Nil.
Nil.
Nil.
Nil.
Nil.
Nil.
Nil.
Subsidy
Paid.
% cts.
120,000 00
121,666 66
140,000 00
116,666 66
81,666 62
58,333 30
81,666 62
128,333 26
No Inward passengers or cargo are carried.
ORIGIN, QUANTITY AND VALUE OF CARGO EXPORTED FROM. CANADA.
Calendar
Year.
1&12
1913
1914
1915
1916
1917
1918
1919
1920
Canadian Origin.
2,791 71,2321 2,970
4,170-.59,515' 3,. 364
44,097'68,265| 4,621
28, 184:60, 1.-?:!; 4,591
19,125'33,:;.-,0 3,668
10, 71932, 246: 3,783
No .sub.'<idized
12,926.30.7091 6,823
17.094 60,694112,615
I
United States
Origin.
o o
03
$
284 15.067 3,966 881,859
605 6,661 10,200 1,150,674
301 96 6,287 960,713
,310 634 4,053 698,363
,739| .371113,461! 2,019,011
,900 885! 5,405i 727,185
service wa.s performed.
,9611 391 4,414 842.487
.531 1.297 13,. 514 2.514,816
West Indian and
Newfoundland
Origin.
148
70
52
206
242
278
77
331
i> o
37,617
40.888
26,435
130,5.55
Total.
18,016 75, 201j 3,889,760
10,90l|69,792| 4,556,167
44,245
29,024
118,436 19,738
113,762 11,882
45,210
215,314
13,042
18,722
4,569
64,2.34
46,820
37,704
5,608,449
5,420,228
5,806,186
4,624,847
35,146 7,711,658
74,267 13,345,661
STEAMSHIP SUBSIDIES 7
SESSIONAL PAPER No. 10a
PRINCIPAL ARTICLES EXPORTED
Of Canadian Origin. — Nails and staples, pig iron, steel sheets, plaster, insulated
cable, enamelware, automobiles and parts thereof, calcium carbide, chairs, newsprint
pai)er, wall paper, wrapping paper, other paper, sole leather, agricultural implements,
rubber goods, iron pipe, hardware, clothes pins, seed, fruit jars, corsets, cereal foods,
wire, pianos, asbestos fibre, paint and varnish.
Of United States Origin. — Automobiles and parts thereof, organs, wallboard,
wrapping paper, tractors, motor cycles, pianos and batteries.
Of West Indian Origin. — Cocoa, pimento, ginger and lime juice.
CANADA AND NEWFOUNDLAND
The Eeid Newfoundland Company,, Ltd.
Contract No. 60.
T. & C. File No. 23660.
Vote 155. — Canada and Neivfoundland. — Steam service or services hetween —
1920-21 $35,000
1921-22 35,000
Contractors.— The Eeid Newfoundland Company, Ltd., of St. John's, Nfld.
Contract Dated.— Maj 23, 1919.
Duration of Contract.— April 1, 1919, to March 31, 1920. (This contract has not
been renewed yet) .
Service. — One complete round trip each day, except Sunday, between North
Sydney and Port aux Basques.
Should Port aux Basques or North Sydney be blocked with ice at any time, the
service may during such period, at the option of the Contractors, be performed to'
Plaeentia, Nfld., and Louisburg, N.S., respectively.
Ports of Call. — North Sydney (or Louisburg), N.S., and Port aux Basques (or
Plaeentia), Nfld.
Speed required. — Not stated.
Subsidy. — At the rate of $70,000 per annum, until March 31, 1920, payable quar-
terly, on June 30, September 30, December 31, and "IMarch 31.
Mails. — To be carried free.
Canadian Trade Commissioners. — To be carried free.
Government Wharves. — Steamers are required to call at Government wharves
whenever possible.
distances
Miles
North Sydney to Port aux Basques 101
Louisburg to Plaeentia 250
North Sydney to St. John's 300
TRADH AND COMMERCE
11 GEORGE V, A. 1921
DESCRIPTION OF VESSELS EMPLOYED.
Passenger
c
Dimensions.
Tonniige.
Accom-
n
Built.
modation.
s
2
1
1
X
T3
g
a.
05
Name.
1
o.
2
o
1
O
in
«
O
CO
At
In
Of
Ft.
Ft.
Ft.
eft.
Kts
Kyle
220
32-3
18-3
548
1,055
68
160
Nil.
263
12
Newcastle..
1913
Steel.
Sagona
175
28-3
20-3
420
808
327
40
77
Nil.
1.36
11
Dundee
1914
Steel .
Glencoe
208
30- 1
16-7
336
767
42
125
Nil.
185
13
Pointhouse .
1899
St€el.
TRAFFIC RETURNS.
No service was run during 1907.
Calendar Year.
Passengers
Mails.
No.
Carried.
Tons
of round
Freight
Live
trips
First
Second
Carried.
Stock.
Sealed
Tied
run.
Class.
Class.
Bags.
Sacks.
222
9,212
13,686
14,751
1,674
3,344
16,036
275
7,620
11,488
22,125
1,996
3,498
21,374
289
6,267
8,925
22,0.35
735
3,462
23,365
216i
5.373
9,160
24,087
539
2,654
17,154
284
7,056
13,596
.32,635
1,729
3,309
22,739
270
7,894
12,441
41,209
1.685
2.921
22,438
2551
10,185
8,421
27,646
3,924
3,300
20,983
254^
13,430
7,223
17,710
5,363
2,960
22,796
No CO
ntra ct.
Subsidy
Paid.
1912
1913
1914
1915
1916
1917
1918
1919
1920
$ cts.
31,874 90
58,829 36
64,683 02
48,418 06
63,625 .58
.55.382 80
57,140 02
.55,808 18
ORIGIN, QUANTITY AND VALUE OF CARGO EXPORTED FROM CANADA.
(Including Live Stock.)
Calendar
Year.
Canadian Origin.
Ignited States Origin. • Total.
Tons
weight.
Tons
measure-
ment.
Value.
Tons
weight.
Tons
measure-
ment.
Value.
Ton.?
weight.
Tons
measure"
ment.
Value.
1912
12,224
17,372
13,286
16,510
16,692
26,838
15.626
12,669
No
Nil.
Nil.
Nil.
Nil.
Nil.
Nil.
Nil.
Nil.
contract.
$
894,220
981,369
858,605
1,108,876
1,559,228
4,165,668
2,392,697
1,911,162
1,821
3,694
7,651
6,491
9,534
13,192
7,081
2.408
Nil.
Nil.
Nil.
Nil.
Nil.
Nil.
Nil.
Nil.
$
317,936
288,222
587,196
643,885
l", 280, 032
2,585,724
2,182,497
395,107
14,046
21,066
20,937
23,001
26,226
40,030
22,707
15,077
Nil.
Nil.
$
1,212,1.56
1913
1.269.591
1914
Nil. 11,445,801
1915
1916
Nil. 1,752.761
Nil. 2.839.260
1917
1918
1919
1920
Nil.
Nil.
Nil.
6,751,392
4,575,194
2,806,269
STEAMSHIP SUBSIDIES 9
SESSIONAL PAPER No. 10a
PRINCIPAL ARTICLES EXPORTED
Of Canadian Origin. — Flour, oats, hay, bran, feed, potatoes, live stock, beef,
pork, fresh meal, condensed milk, machinery, lard, yeast cake, pig iron, roofing and
cement.
Of United States Origin. — Flour, meal, oats, dried fruit, pork, beef, leather, oil,
organs, soap, beans, rice, roofing, tobacco, sugar and machinery.
CANADA, THE WEST INDIES AND SOUTH AMERICA
The Royal Mail Steam Packet Company
Contract No. 9.
T. & C. File No. 24215.
Vote 156. — Canada and the West Indies or South America, or hoik, steam service
hetiveen —
1920-2i $340,666 66
1921-22 340,666 66
Contractors. — The Royal Mail Steam Packet Company, of London, England.
(Canadian representative: John Allsop, 59^ Granville St., Halifax, N.S.)
(Freight and passenger agents: Pickford and Black, Halifax, N.S.)
Contract T^a^ct^.— September 11. 1919.
Duration of Contract. — November 1, 191'9, to October 31, 1920. (This has been
continued by Order in Council until Octoher 31, 192il.)
Service and Ports of Call. — Commencing from St. John, N.B., sailing thence to
Halifax, N.S., and sailing thence to Georgetown, British Guiana, every foui'teen
days : —
Calling at the following islands : Bermuda, St. Kitts, Antigua, Montserrat,
Dominica, St. Lucia, St. Vincent, Crenada, Barbados, and Trinidad, and returning
from Georgetown to St. John, calling at all the aforesaid islands, in reversed order.
This itinerary may be subject to any change which may be mutually agreed upon
between the minister and the contractors.
Speed required. — 11 knots.
Suhsidy.— £70,000 ($340,666.66) per annum, based on payments of £2,692 6s. 2d.
($13,102.56) for each complete round voyage, payable on the last day of each month.
Canadian Trade Commissioners. — To be carried free.
Mails. — To be carried free.
Government Railway Clause. — Included.
Freight charges from St. John to Halifax. — The contractors are required, at
their own expense, when so required by consignors, to pay the freight charges by rail
from St. John to Halifax on butter, cheese, and fruit intended for shipment by the
contractors' steamships.
Delay at Ports. — The contractors must make every reasonable effort to avoid
undue delay at Canadian or West Indian ports.
Development of Trade. — The contractors must use their utmost endeavour tc
develop the cargo and passenger tfade between Canada and the British West Indies
by means of reasonable advertising and regular solicitation through agents.
10
TRADE AXD COMMERCE
11 GEORGE V; A. 1921
Through rates of Freight. — The contractors must use their best endeavours to
arrange through rates of freight between inland points in Canada and the various
ports of call referred to in this contract in the British West Indies and Central and
South America.
Transfer hy connecting lines. — As the design of this agreement is to give regular
fortnightly communication both ways to all the ports previously mentioned, arrange-
ments must be made for the transport of freight and passengers on all voyages south
bound and ndrth bound by transfer to the lines of the contractors' steamers conducting
the insular service from and to Trinidad, a7id at the rates obtaining for the direct
service.
No discrimination. — ^No discrimination of any kind as regards freight and
passenger rates may be made in favour of any merchant, shipper or importer in any
one of the British colonies referred to herein, as against any other merchant, shipper
or importer in the same colony.
Through BiU^ of Lading. — Through bills of lading must be issued from any Cana-
dian point of shipment to any port in Central or South America, which is a regular
port of call for any of the steamships employed or controlled by the contractors on
other services, and which make regular connections with the service herein contracted
for.
DISTANCES.
St. John to Halifax. . . .
Halifax to Bermuda. . . .
Bermuda to St. Kitts. . .
St. Kitts to Antig-ua . . . .
Antigua to Montserrat . .
Montserrat to Dominica.
Dominica to St. Lucia. .
St. Lujcia to St. Vincent.
St. Vincent to Barba<ios.
Barfbados to Grenada.. .
Grenada to Trinidlad. . .
Trindlad to Demerara. .
Miles.
288
764
942
60
35
97
81
59
96
147
96
374
3,0*39
DESCRIPTION OF VESSELS EMPLOYED.
Dimensions.
Tonnage.
Passenger
Accom-
modation.
i
cS
a
05
U
O
.SP
05
1
s.
CO
Built.
Name.
§
®
to
2
o
i
O
03
m
83
O
S
At In
Of
Chignecto...
Chaleur
Caraquet.. .
Chaudiere..
Ft.
400-5
400-5
400-5
370
Ft.
47-2
47-2
47-3
45-9
Ft.
311
31-1
31-1
25
2,999
2,994
2,975
2,499
4-744
4,746
4,889
4,019
5,567
5,574
5,129
4,726
41
41
40
50
60
60
72
64
90
90
80
76
eft.
4988
5288
5565
900
418
418
418
584
Kts
11
11
11
12
Belfast 1893
Belfast 1893
Belfast 1894
Middieboro. 1899
Steel.
Steel .
Steel.
Steel.
STEAMSHIP SUBSIDIES
11
SESSIONAL PAPER No. 10a
TRAFFIC RETURNS.
Calendar
Year.
No. of
round
trips
run.
Number
of Passengers
Carried.
Tons
of Freight
Carried.
Live Stock.
Mails.
Subsidy
Paid.
. 30
. 28^
. 26
. 26
. 26
. 25
. 16
. 26
1st Class.
2nd
Class.
3rd
Class.
Tons
Weight .
Tons
Measure-
ment.
106
Lock
Bags.
Tied
Sacks.
$ eta.
1912
1,090
1,269
1,048
65,552
86,253
168
2,568
87,613 86
1913
. 887
827
1,016
52,313
70,209
44
144
2,396
131.737 12
1914
1,080
465
1.742
52,320
90,398
48
705
1,627
.330,897 33
1915
959
786
2,727
78,414
94,781
34
518
3,472
340,666 56
1916
1,459
461
3,948
100,883
127,631
31
1,690
3,146
.340,666 66
1917
1,253
422
2,256
94,042
99,504
32
3,421
1,970
334,115 38
1918
1,344
389
1,064
70,691
72,370
86
2,710
1,255
209,640 96
1919
In 1,668
Out 1,486
573
527
1,411
460
89,492
4,398
3,376
106,937
2
160
1,069
1,109
2,056
2,036
340,666 56
Total....
3,154
1,100
1,871
93,890
110,313
162
2,178
4,092
. 26
1920
In 1,590
Out 1,417
709
336
1.247
619
61.877
7,960
5,591
105,330
Nil.
107
1,268
1,254
1,652
1,931
340,666 56
Total
3,007
1,045
1,866
69,837
110,921
107
2,522
3,583
From 1907 to Nov. 23. 1913, this service was performed by Messrs. Pickford and Black, of Halifax,
Two sailings from Canada were made by the Royal Mail Steam Packet Company's steamers in
December, 1913. Their traffic returns are included in the figures given above for 1913.
12
TRADE .l.V/J COM Mt: IKE
11 GEORGE V, A. 1921
ORIGIN, QUANTITY AND VALUE Ol ( AUGU EXPUKTED FROM CANADA.
(Including Live Stock.)
Calen-
dar
Year.
From.
Canadian Origin.
United States Origin.
Total.
Tons
Weight.
Tons
Measure-
ment.
Value.
Tons
Weight .
Tons
Measure
inent.
Value.
Tons
Weight.
Tons
Measure-
ment.
Value.
1912....
St. John..
Halifax...
1,377§
.5,0441
20,0991
62,147^
$
383,536
1,941,990
$
1.377^
5,0441
20,0991
62,147.;
383,. 5.36
1,941,990
Total..
6.422^
82,247i
2,325,526
Nil.
Nil.
Nil.
6, 422 J
82,247i
2,325,526
St. John..
Halifax...
1913. ..
2,137
5,786
13,038
56,819
259,381
1,800,169
2,137
5,786
13,038
56,819
2.59,381
1,800,169
Total . .
7,923
69,857
2,059,550
Nil.
Nil.
Nil.
7,923
69,857
2, 0.59,. 550
St. John..
Halifax...
1914. ..
1,557
2,961
15,130
75,254
234,008
2.. ^84. 2.16
1,557
2,951
15,120
75,254
2.34,008
2,. 384, 256
Total..
4,508
90,374
2,618,264
Nil.
Nil.
Nil.
4,508
90,374
2,618,264
St. John..
Halifax...
1915 . . .
2,031
3,621
12,362
82,419
301,659
3,206,176
2,031
3,621
12,362
82,419
301,6.59
3,206,176
Total..
5,652
94,781
3,507,835
Nil.
Nil.
Nil.
5,652
94,781
3.-507,835
St. John..
Halifax...
1916. ..
1,781
2,812
15,899
96,907
425,664
4,272,628
1,781
2,812
15,899
96,907
425,664
4,272,628
Total..
4,593
112,806
4,698,292
Nil.
Nil.
Nil.
4,593
112,806
4,698,292
St. John..
Halifax...
1917. ..
1,460
5,071
14,570
89,820
532,012
5,726,139
1,460
5,071
14,570
89,820
.532,012
. . . . 1
0,726,139
Total..
6,531
104,390
6,258,151
Nil.
Nil.
Nil.
6,531
104,390
6,258,151
St. John..
Halifax...
1918 . . .
3,789
2,295
36,113
3,065,587
3,789
2,295
36,113
.36,257
3,065,587
36,257
3,194,007
3,194,007
Total . .
6.084
72,370
6,259,594
Nil.
Nil.
Nil.
6,084
72,370
6,259,594
St. John..
Halifax...
1919 . . .
829
3,569
19,378
87,559
1,276,582
6,836,810
829
3,569
19,. 378
87,559
1,276,582
6,836,810
Total..
4,398
106,937
8,113,392
Nil.
Nil.
Nil.
4,398
106,937
8,113,392
St. John. .
Halifax...
1920...
1,.320
6,640
20.894
84.436
1,477,800
8.312.749
1,320
6,640
20,894
84,486
1,477,800
8,312,749
Total..
7,960
105,3.30
9,790,549
Nil.
Nil.
Nil.
7,960
105,330
9,790,549
STEAMSHIP SUBSIDIES 13
SESSIONAL PAPER No. 10a
PRI^XIPAL Articles Exportkd from Canada
All of Canadian Origin. — Fisli, cikiiued goods, flour, feed, meal, oilmeal, hay,
oats, cheese, butter, eggs, apples, potatoes, split peas, vegetables, groceries, beef, live
stock, mineral water, tea, soap, sulphate of ammonia, fertilizer, lumber, shingles,
shooks, laths, furniture, chairs, brooms, brushes, stoves, trunks, rope, cordage, nails,
paper, and biscuits.
CANADA AND SOTTTH AFRICA
Elder Dempster and Co., Ltd.
Contract No. 2.
T. & C. File No. 25776.
Vote 157. — Canaila nuJ South Africfi. steam service between —
1920-21 $146,000
1921-22 146,000
Contractors. — Elder Dempster & Co.. Ltd., loo Board of Trade Building, Montreal,
Qne. (Head office: 4 St. Mary Axe., London, E.C., England.)
Contract dated.— June 9, 19'20.
Duration of Contract.— Ain-i\ 1, 1920, to :March 31, 1921.
Service. — Montlily. during the first fifteen days of each month.
Ports of Call. — From Montreal, calling at Quebec, at the option of the eon-
tractors; and during the months of September, October and November at Halifax, and,
at the option of the contractors, at other Canadian ports during the season of open
na.vigation on the St. Lawrence; and, during closed navigation on the St. Lawrence,
from St. John, calling at ITalifax, and, at the option of the contractors, at other
Canadian ports; proceeding direct to Cape Town and not less than two other South
African ports.
'Speed required. — 10 knots.
Suh,sidy. — $14(1,000 per annum, payable quarterly.
Coaling. — Steamers may call at any Canadian port solely for the purpose of
coaling.
Go vcrnmen t Raihrai/ Clause. — Included.
Cojd Storage. — There must be accommodation for not less than 200 tons of cargo
in cold storage on each ship. The contractors must provide such further cold storage
accommodation as may be needed from time to time.
Additional Vessels. — The contractors agree to provide additional vessels when
necessary to meet the requirements of the trade offered.
Mails. — To be carried free.
Canadian Trade Commissioners. — To be carried free.
Supervision of handling. — The handling, loading, stowing and unloading of any
fruit or perishable products carried by the said vessels shall be subject to and under
the supervision of any cargo inspector or other officer appointed for that purpose,
should the Minister of Agriculture for Canadii deem it advisable.
14
TRADE SyO COMMERCE
11 GEORGE V, A. 1921
Exemption from calling at Canadian Ports. — If sufficient cargo is not forth-
coming from any of -the ports of call in Caoiada, the minister may relieve the con-
tractors from the obligation of calling at such ports.
DISTANCES.
Miles.
Montreal to Cape Town 7,338
Port Elizabeth 7,778
East London 7,9i09
Durban 8,162
St. John to Cape Town 6,978
Port Elizabeth 7,413
" East London 7,549
<' Durham 7,802
DESCRIPTION OF VESSELS EMPLOYED.
Name.
Dimensions.
Tonnage
6
6
<^
H
>>
03 73
Xi
bC
Ph
1
2
o
CJ
a,
c3
o
03
Ph
1^
O.
Ft.
Ft.
Ft.
Cu. ft.
Kts
360-0
52-0
26-2
2,308
4,4.55
8,100
12
10,000
339
10
360-0
.')2-0
26-1
2,304
4,441
8,100
12
10 000
428
10
425-5
53-0
29-2
3,534
5,520
8,920
4
10,390
556
12
412-6
55-8
34-4
4,044
6,566
10,660
Nil.
Nil.
517
412-6
.55-8
.•^4-4
4,044
6,566
10,660
Nil.
Nil.
517
412-6
.55-8
.S4-4
4,023
6,538
10,550
Nil.
Nil.
385-3
51-2
25-5
4,278
5,875
9,020
Nil.
Nil.
440
412-6
.55-8
.34-4
4,044
6,566
10,600
Nil.
Nil.
517
399-5
.53-0
.32-8
3,527
5,663
9.000
Nil.
Nil.
517
400-2
52-3
28-5
3,197
5,248
8, 1.30
Nil.
Nil.
369
Built.
At
In
Of
Kaduna
Kwarra
Benguela.. . . .
New Georgia.
New Mexico..
New Brighton
Jekri
NewBrooklyn
Fan tee. .
Bereby .
Middlesbro
Middlesbro
Newcastle-on-Tyne
Belfast
Belfast
Belfast
Japan
Belfast
Newcastle
Hartlepool
1910
1910
1910
1918
1919
1920
1917
1920
1920
1919
Steel.
Steel .
Steel.
Steel .
Steel .
Steel.
Steel .
Steel .
Steel.
Steel.
TRAFFIC RETURNS (Outward voyages).
No cargo is carried inward.
Calendar
Year.
No. of
Trips run.
Number
of Passengers
Carried.
Tons of
Freight Carried.
Live Stock.
Mails.
Subsidy Paid.
12
14
12
12
10
9
3
11
12
14
Nil.
3
1
Nil.
Nil.
Nil.
Nil.
Nil.
Weight.
Meas.
1,013
371
235
Nil.
Nil.
Nil.
Nil.
Nil.
Nil.
Nil.
Nil.
Nil.
Nil.
Nil.
Nil.
Nil.
Nil.
Nil.
$ cts.
1912
31,210
45,316
45,296
52,543
30,797
23,140
9,972
22,503
35,956
34,980
53,498
33,563
37,166
38,630
36,653
9,054
49,038
56,970
146,000 00
1913
146,000 00
1914 ;...
146,000 00
1915
145,999 92
1916
121,666 68
1917
109,500 02
1918
36,499 98
1919
133,833 26
1920
146,000 00
STEAMSHIP SUBSIDIES
15
SESSIONAL PAPER No. 10a
ORIGIN, QUANTITY AND VALUE OF CARGO EXPORTED FROM CANADA
Calendar
Year.
Canadian Origin.
United States Origin.
Total.
Tons
Weight.
Tons
Measure-
ment.
Value.
Tons
Weight.
Tons
Measure-
ment.
Value.
Tons
Weight.
Tons
Measure-
ment.
Value.
912
28,901
43,128
42,741
46,981
28,465
20,404
9,889
22,165
34,387
22,090
31,196
22,488
23,589
24,600
24,209
8,630
36,509
34,259
$
2,850,419
3,791,039
3,236,733
3,889,139
3,350,296
3,644,333
2,714,870
8,348,508
8,274,449
2,309
2,188
2,555
5,562
2,332
2,736
83
338
1,569
12,890
22,302
11,075
13,577
14,030
12,444
424
12,529
22,711
$
1,257,263
2,078,630
948,339
1,331,441
1,430,772
1,390,856
74,670
2,237,072
3,192,026
31,210
45,316
45,296
52,543
30,797
23,140
9,972
22,503
35,956
34,980
53,498
33,563
37,166
38,630
36,653
9,054
49,038
56,970
$
4,113,682
913
5,869,669
914
4,185,072
915
5,220,580
916
4,781,068
917
5,035,189
918
2,789,540
919
10,585,580
920
11,466,475
PRINCIPAL ARTICLES EXPORTED
Of Canadian Origin. — Agricultural implements, calcium carbide, automobiles,
paper, lumber, cereal foods, eggfillers, chairs, woodenware, cotton duck, Beaver board,
nails, iron and steel, malt, iiorseshoes, condensed milk, locomotives, cardboard, shovels,
spades and cement.
Of United States Origin. — Automobiles, mining machinery, fruit jars, canned
meats, washing powder, ammonia, agricultural implements and tractors.
t1 GEORGE V SESSIONAL PAPER No. 10a A. 1921
PACIFIC OCEAN SERVICES
CANADA AND AUSTRALIA OR NEW ZEALAND
Union Steamship' Company of New Zealand, Ltd.
Contract No. 27.
T. & C. File No. 25921.
Vote 158. — CaiKida and Ausfralla or Neiv Zealand, or both, on the Pacifi,c Ocean, steam
service hetween — ■
1920-21 $130,509
1921-22 130,509
Contractors. — The Union Steamship Co., of New Zealand, Ltd. (Canadian address:
Canadian Australasian Royal Mail Line, 440 Seymour street, Vancouver, B.C.)
Contract J'aiec?.— July 13, 1920.
_ Duration of Contract.— August 1. 1920, to July 31, 1921.
Service. — Sailing approximately every four weeks.
Ports of CaZL— Vancouver, B.C.; Victoria, B.C.; Honolulu, in the Sandwich
islands; Suva, in the Fiji islands; and Auckland, N.Z.
At the contractor's option, each voyage from Canada to New Zealand may be
extended to a port or ports in Australia. The Australian port of call is Sydney.
The call at Suva is conditional upon the Government of Fiji also continuing
their contract for a like period and on the same terms as heretofore, and also tipoii
their maintaining the same charges for light and other dues levied on ships emplo;^ed
in the service.
Speed required. — Duration of voyage is not to exceed 20 days, including one day's
detention at Honolulu.
Subsidy.— £2Q,81C). IS. 4. per annum.
Provided that the contractors shall be entitled to receive such subsidy as the
Grovernment of New Zealand and Fiji may pay towards the service; and also the
Government of Australia, should the service be extended to that Commonwealth.
Deductions from Subsidy. — £30 are to be deducted from the amount of subsidy
payable on each claim for every complete period of twenty-four hours by which the
time occupied in conveyance of the mails between Auckland and Vancouver has
exceeded twenty days.
Preference to Canadian Shippers. — No discrimination as regards freight or
passenger rates is to be made against Canadian ports, railways, merchants or shippers.
Canadian merchants and shippers are to have preference at all times for the carriage
of their goods over other merchants and shippers, as far as regards the Canadian
connection.
10a— 2 17
18
TRADE AM) COMMERCE
11 GEORGE V. A. 1921
Freight and Passenger Rates. — Freight rates from Vancouver or Victoria to
New Zealand shall not exceed the current rates charged on similar cargo to New
Zealand ports hy Union S.S. Co. of N.Z. Limited Mail Steamers from San Francisco.
Passenger rates from Vancouver or Victoria to Auckland shall not exceed pas-
senger rates during the same period from Auckland to Victoria or Vancouver, and
return fares from Canadian ports to New Zealand ports shall not exceed return fares
in the opposite direction during the same period.
Mails. — To be carried free.
Canadian Trade Comviissioners.— To he carried free.
DISTANCES
Miles.
Vancouver to Victoria 85
Victoria to Honolulu 2,342
Honolulu to Suva, Fiji 2,799
Suva to Auckland 1,140
TotaJl 6,3«6
DESCRIPTION OF VESSELS EMPLOYED
Passenger
6
S
Dimensions.
Tonnage.
Accommo-
dation.
Built.
Name.
>>
1
^
f^
m
'3
w 03
t3 to
C 03
I- C3
.1
?H
•a
At
In
Of
s
S
■1^
s
c.
C.
CO —
"o
K
0)
>-)
m
«
Z
o
P5
;z
cc
Ft.
Ft.
Ft
Cu.ft.
Makura
480
58
35
4,920
8.200
3,000
270
114
72
14,985
2,035
16^
Gla.sgow. ..
1908]SteeL
Niagara
542
66
37-6
7,581
13,444
3,800
289
210
276
63,200
*12,500
m
Clydebank .
1913
Steel.
Tahiti
460
55-5
36
3,841
7,585
3,500
160
46
76
74,651
1,452
m
Glasgow
1904
Steel .
*Indicated Horse Power.
TRAFFIC RETURNS
Calendar
Year.
Round
Trips.
Passengers
Carried.
Freight
Carried.
Live Stock.
Mails.
Subsidy Paid.
13
13
m
13
13
13
12
11
10
Number.
6,173
6,734
5,886
4,366
4,311
3,870
6,592
9,521
In 3,939
Out 3,379
Tons.
43,997
42, 168
42,615
48,827
59,597
"55,606
63,205
55,723
11,696
28,490
34
13
76
8
Nil.
20
Nil.
NiL
Nil.
NiL
Lock
bags.
Tied
sacks.
$ cts.
1912
15,301
14,038
15,338
20,845
22,281
30,659
72,395
.35,364
10,0.37
15,966
183
1,703
907
9.36
753
773
703
861
464
733
180,509 00
1913
180,509 00
1914
173,566 36
1915
ISO,. 509 00
1916
180,509 00
1917
180,509 00
1918.
166.623 72
1919
152.738 41
1920
127,314-59
Total 7,318
40, 186
Nil.
26,003
1,197
1
Note: — One trip was performed by the '"Niagara," commencing Nov. 17, 1920, for which traffic
returns are not yet available.
STEAM SHI I' SUBS I DIE. S 19
SESSIONAL PAPER No. 10a
ORIGIN, QUANTITY AND VALUE OF FREIGHT EXPORTED FROM CANADA
To
Canadian Origin.
United States Origin.
Total.
Tons
Weight.
Tons
Measure-
ment.
Value.
Tons
Weight.
Tons
Measure-
ment.
Value.
Tons
Weight.
Tons
Measure-
ment.
Value.
1912
Auckland
Suva
Honolulu
Sydney
Total..
Auckland
Suva..
1,599
2,604
203
4,960
Nil.
Nil.
Nil.
Nil.
$
263,581
115,075
26, 654
501,731
1,136
237
Nil.
3,991
Nil.
Nil.
Nil.
Nil.
S
.535,463
50,858
Nil.
1,460,089
2,833
2,841
203
8,952
Nil.
Nil.
Nil.
Nil.
799,044
165,933
26,6.54
1,961,820
9,366
Nil.
907,041
5,. 364
Nil.
2,046,410
14,829
Nil.
2,953,451
1913
200
113
175
530
3,167
3,646
40
5,699
245,877
121,949
25,977
383,609
1,206
106
1
3,260
964
142
2^263
629,541
41,240
• 337
1,681,011
1,406
219
176
3,790
4,131
3,788
40
7,962
875,418
163 189
Honolulu
Sydney
Total
Auckland
Suva..
26,314
2,064,620
1,018
12,. 552
777,412
4,573
3,369
2,. 352, 129
5,-591
15,921
3,129,541
1914
967
138
136
2,377
2,4.34
3,901
36
8,737
285,999
128,844
25,748
585,927
861
87
Nil.
2,916
1,0.54
160
Nil.
1,421
535,646
42,276
Nil.
1,595,831
1,828
225
136
5,293
3,488
4,061
36
10,158
831,645
171 1''0
Honolulu
Sydney
Total
Auckland
Suva.. . ....
25,718
2,181,758
3,618
i5,108
1,026,518
3,864
2,635
2,1/3,7.53
7,482
17,743
3,200,271
1915
4,482
1,045
2
2,765
2,450
2,861
2
5,700
509,051
176,329
923
927,085
614
142
1,722
1 , 356
21?
4,500
433,939
44,213
1,483,945
5,096
1,187
2
4,487
3,806
3,078
2
10,200
942,990
220, 542
923
2,411,0.30
Honolulu
Sydney
Total
Auckland
8,294
110,513
1,613,388
2,478
6,073
1,962,097
10,772
17,086
3,575,485
1916
3,084
910
1
3,525
4,6C4
1,850
36
9,533
645,970
160,285
3,602
1,380,367
409
79
580
3,405
687
8,843
511,380
88,275
1,/07,8-10
3,493
989
1
4,105
8,u09
2.537
36
18,376
l,157,3i;0
248,560
3,6C2
3,088,207
Honolulu
Sydiey
Total
Auckland
Suva.. . ....
7,520
16,023
2,190.224
1,068
12,935
2,, 307, 495
8,-588
28,958
4,497,719
1917
4,813
54
2,809
6,211
1 , 353
38
8,419
1,099.6.50
108,806
3,527
1,. 301, 674
77
1
2,696
396
5,091
411,012
64,233
1,121,660
4,890
55
2,809
8,907
1,749
38
13,510
1,510,662
173 039
Honolulu
Sydnej'
Total
Auckland
Suva..
3,527
2,423,3-34
7,676
16,021
2,-513,657
78
8,183
1,596,905
7,7.54
24,204
4,110,562
1918
566
775
20,400
1,457
105
5,593
2,0.38,144
225,363
8,991
1,641,174
58
9
72
2,448
212
4,367
8.50,2.56
68,792
1,696,129
624
9
847
22,848
1,669
105
9,960
2,888,400
294,155
8,991
3,337,303
Honolulu
Sydney
Total
Auckland
Suva
1,341
27,555
3,913,672
139
7,027
2,615,177
1,480
.34,582
6,528,849
1919
284
21,922
838
45
4,619
2,161,146
141,296
6,700
1,645,625
58
7
192
2,030
226
11
3,869
710,228
61 , 9.50
2,299
1,572,273
342
7
1
302
23,952
1,064
56
8,488
2,871,374
203 ''46
Honolulu
Sydney
Total
Auckland
1
110
8,999
3,217,898
395
27,424
3,954,767
257
6, 1.36
2,-346,750
6-52
33,560
6,301,517
1920
2,475
431
21
809
14,161
1,262
15
5,277
1,895.106
225,136
2,625
1,255,756
201
3
804
2,725
327
18
2,516
.573,066
69,454
9,319
1,274,937
2,676
434
21
1,613
16,886
1,589
33
7,793
2,468,172
294,590
11,944
2,530,693
Honolulu
Sydney
Total
3,736
20,715
3,378,623
1,008
5,586
1,926,776
4,744
26,301
5,305,399
10a— 2i
20 TRADi: AXD L'OMMEIICE
11 GEORGE V, A. 1921
PRINCIPAL ARTICLES KXPORTED
Of Canadian Origin. — Canned salmon, fresh fruit (in cold storage), potatoes,
onions, leather and rubber goods, lumber, codfish, whisky, bicycles and parts thereof,
chairs, corsets, suspenders, sewing machines, hardware and machinery.
Of United States Origin. — Drugs, sewing machines, automobiles, gas engines and
other machinery, soap and scouring powders, leather and rubber goods, cash registers
and scales, cereal foods, telephone material, adding maichines, vacuum cleaners, motor
cycles, and corsets.
PRINCE RUPERT, B.C., AND QUEEX CHARLOTTE ISLANDS
The Grand Trunk Pacific Coast S. S. Co., Ltd.
Contract No. 61.
T. & C. File No. 26120.
Vote 1-59. — 'Prince Euppri. JJ.C, and Qucon ChnrlnHe Tslnnds — atpom service hetiveen —
1920-21 $21,000
1921-22 21,CK)0
Contractors. — The Grand Trunk Pacific Coast S. S. Co., Ltd.
Date of Contract. — September 23, 1920.
Duration of Contract.— A^ril 1, 1920, to March 31, 1921.
Services and Ports of Call. — Fortnightly trips from Prince Rupert, B.C., calling
each way at Refuge Bay (on Porcher Island), and Masset, Port Clements, Sandspit,
Skidegate, Queen Charlotte, Jedway, Thurston Harbour, Lockeport, and Atli Inlet,
and calling once each month at Cumshewa Inlet, it being understood that the call at
Refuge Bay shall be made by a subsidiary launch service provided by the contractors ;
calling at the option of the company when deemed necessary at Ketchikan, Alaska.
Speed Required. — N-ot stated. '
Suhsidy. — $21,000 per annum, payable quarterly in July, October, January and
April.
Mails. — To be carried free. • •
Govpvnmi'nt \Miiivrts. — Steanior mu^t call whenevr-r pr»><il(le.
! DISTANCES.
Miles.
Prince liupert to Masset S.i
Masset to Port Clements 26
Port Clements to Masset 2fi
Masset to Prince RuT>ert .... 8.")
222
Prince Rupert to Refuge Bay 20
Refuge Bay to Sandspit "J
Sands(pit to Sltidegtate »
Skidegate to Queen Cliarlotte City 2 •
Queen Charlotte City to Ikeda lon
Ikedfa to Jedway 1 <i
Jedway to lyockeaiort 4.')
Lockeport to Prince Rupert 128
385
SOI
STEAMSHIP SUBSIDIES
21
SESSIONAL PAPER No. 10a
DESCRIPTION OF VESSELS EMPLOYED
Dimensions.
Tonnage.
1
O
S
o
Built.
Name.
a
o
43
ft
P
o
o
'S
Passenger
Ac
-T3
At
In
Of
Feet.
ft.
ft.
ft.
Prince Albert
232
185-3
30
29-6
141
10-9
587
540
1,015
905
170
103
Hull.
1892
1910
Steel
Prince John...
Bowling
Steel
TRAFFIC RETURNS
Calendar
Year.
No. of
Round
trips run.
Passengers
Carried.
Freight.
Live
Stock
Mails.
Subsidy-
Paid.
tons
Weight.
Tons
Measurement .
Lock
Bags.
Tied
Sacks
1912
44
40
35
13
25
24
34
39
In...
Out.
5,910
4,588
3,175
686
1,584
2,217
11,157
..1,562
1,729
3,250
3,923
2,695
1,380
5,264
6,553
17,395
3,776
2,172
4,081
*245 M ft.
*11 M ft.
465
1,586
Nil.
Nil.
52 M. ft.
17 M. ft.
60
124
40
117
116
5
35
18
6
1.328
2,359
1,780
1,321
2,116
1,951
4,231
994
2,341
1,957
1,585
1,570
Nil.
Nil.
209
551
3
30
$
8 200 00
1913
8,000 00
1914
1915..
7,000 03
7 333 30
1916
6,000 00
1917
19,750 OO
1918
21,000 00
1919..
Total
3,291
5,948
69 M. ft.
24
3,335
33
21,000 OO
19^0 .
38
In...
Out.
..2,778
2,788
3,497
1,661
236
24
Nil.
Nil.
851
2,395
25
76
Total
21,000 OO
5,566
5,158
260
Nil.
3,246
101
*Lumber.
The service for 1915, 1916 and the first quarter of 1917 was performed by the Union S.S. Co. of B.C., Ltd.
VICTORIA AXD SAN FRANCISCO
P.\ciFic Steamship Company*
Contract No. 10.
T. & C. File 26037.
Vote 160. — Victoria and San Francisco. — Steam service hetween —
1920-21 $3,000
1921-22 3,000
Contractors.— The Pacific Steamship Co. of Seattle, Wash., U.S.A.
{Canadian Agents — R. P. Rithet & Co., Ltd., HIT Wharf street, Victoria, B.C.)
Date of contract. — August 23, 1920.
22
TRADE A\h COMMERCE
11 GEORGE V, A. 1921
Duration of contract. — April 1. 1020, to March 31, 1921.
Serv ice. — Week ly .
Ports of (7a7Z.— Vietori:., B.C., and San Francisco, U.S.A.
Subsidy. — $3,000 per annum, pa.vable in quarti-rly instalments on the first days of
July, October, January and April.
Speed Required. — Xot stated.
Mails. — To be carried free.
Canadian Trade Commissioners. — To be carritxi free.
Distance. — Victoria to San Franci.seo, 750 miles.
DESCRIPTION OF VESSELS EMPLOYED.
Dimensions.
Tonnage.
Pa.ssenger
Accom-
modation.
o
u
e3
a
'ti
o
t
.SP
"o
■a
o
<s
a
Built.
Name.
"Si
c
o
-5
2
O
c3
a.
c3
o
J
CO
03
_c;
c
ID
CO
c3
u
V
At
In
Of
President . . .
Governor . . .
Ft.
391
391
Ft.
480
480
Ft.
19-7
19-7
2,546
2,550
5,218
5,250
2,800
2,800
340
350
/
179
196
C.ft
601
679
Kts
15
15
Camden,
N.J
Camden,
N.J
1906
1907
Steel.
Steel.
Note. — A steamship service between Victoria and San Francisco, provided by the Dominion
Government, is required under the terms of the agreement by which British Columbia entered Con-
federation.
TRAFFIC RETURNS.
Calendar Year.
No. of
Round
Trips run.
Number of
Passengers
Carried.
Tons of Freight
Carried.
Live
Stock
Carried.
Mails
Carried.
Subsidy
Paid.
Weight.
Meas.
Lock
Bags.
Tied
Sacks.
1912 .'
52
52
54
52
47§
52
431
36
Total
49i
Total
2,612
3,791
3,630
4,307
3,249
6,703
3,864
In 2,286
Out 2,010
6.197
4,779
3,5.34
1 , 955
3,702
4,815
2,949
1,933
78
8,654
7,300
4,386
2,435
2,514
NiK
NiL
Nil.
Nil.
Nil.
Nil.
Nil.
Nil.
Nil.
Nil.
Nil.
Nil.
Nil.
Nil.
Nil.
Nil.
Nil.
Nil.
Nil.
Nil.
Nil.
Nil.
Nil.
Nil.
Nil.
Nil.
Nil.
Nil.
Nil.
Nil.
Nil.
$ cts.
3,000 00
1913
3,000 00
1914
2,971 15
1915
3,000 00
1916
2,769 23
1917
3,000 00
1918
2,509 77
1919
2,076 95
4,296
2,011
Nil.
Nil.
Nil.
Nil.
1920
In 2,360
Out 2,855
3,601
243
Nil.
Nil.
Nil.
Nil.
Nil.
Nil.
Nil.
Nil.
2,826 90
5,215
3,844
Nil.
Nil.
Nil.
Nil.
STEAMSHIP SUBSIDIES
23
SESSIONAL PAPER No. 10a
ORIGIN, QUANTITY AND VALUE OF CARGO EXPORTED FROM CANADA.
Calendar Year.
Canadian Origin.
United States Origin.
Total.
Tons
Weight.
Tons
Meas't.
Value.
Tons
Weight.
Tons
Meas't.
Value.
Tons
Weight.
Tons
Meas't.
Value.
1912..
68
63
95
175
212
234
67
69
197
226
385
873
306
370
Nil.
Nil.
Nil.
Nil.
$
47,554
68,418
128,307
37,730
51 , .323
55,941
28,948
28,911
109,261
36
2
Nil.
6
21
19
8
9
46
214
178
87
27
14
Nil.
Nil.
Nil.
Nil.
$
39,223
17,474
10,911
10,514
4,901
11,438
4,475
11,360
31 , 700
104
63
95
181
233
253
75
78
243
440
563
960
333
384
Nil.
Nil.
Nil.
Nil.
s
85,777
1913
85,892
1914
1.39,218
1915
48,244
1916 .
56,224
1917..
67,379
1918
33,423
1919
40,271
1920..
140,961
PRINCIPAL ARTICLES EXPORTED
Of Canadian Origin. — Household goods, autonioToiles, canned clams, paint, wood-
pulp and beer.
Of United States Origin. — Empty cylinders, automobiles, machinery, raisins and
furs.
VICTOEIA, VANCOUVER, WAYPORTS AND SKAGWAY
Canadian Pacific Railway Company
Contract No. 28.
T. & C. File No. 25590.
Yote 1()1. — Yictori'i. Yanconvpr. Wayports and Skagiraij. steam service hetiveen —
1920-21 $25,000
1921-22 25,000
Contractor. — Canadian Pacific Railway Co., Montreal, Qiie.
Contract Dated.— June 16, 1920.
Duration of Contract.— Aiml 1, 1920, to March 31, 1921.
Service. — Four complete round trips each month from June to October, inclusive;
three complete round trips each month from March to May, inclusive; and two
complete round trips each month from November to February, inclusive.
Ports of Call. — Victoria, Vancouver, Prince Rupert, Ketchikan, Juneau and
Skagway.
Calls at United States Ports. — Steamers are permitted to call at the United States
ports mentioned in the preceding paragraph on outward trips only.
Subsidy.- — -$25,000 per annum, payable quarterly in July, October, January and
April.
Mails. — To be carried free.
DISTAXCEIS.
Knots.
Victoria to Vancouver 73
Vancouver to Port Essington 472
Port Bsteing-ton to Prince Rupert '. . . . 21
Prince Rupert to Port Simpson. 36
Port Simpson to Ketchikan 66
Ketchikan to Skagway 307
Total 981
24
TRADE AM) COMMERCE
11 GEORGE V, A. 1921
DESCRIPTION OF VESSELS EMPLOYED.
Dimensions.
Tonnage.
Passenger
Accom-
modation.
;-<
o
"S
u
'S
1
12
1
Built.
Name.
03
a
o
o
0
'o
c3
a
c3
O
i
03
O
XD
to
o
(M
i
CO
1
At In Of
t
Princess
Alice.
Princess
Mary.
Ft.
289 0
248-4
1930
Ft.
460
40- 1
37
Ft.
170
140
16-4
1,903
1,346
635
3,099
2,155
1,289
500
900
500
500
Nil.
Nil.
Nil.
Nil.
eft.
Nil.
Nil.
Nil.
610
195
124
Kts
m
14
131
Newca.stle-
on-Tyne.
Paisley
Victoria,
B.C.
1
1911 Steel.
1910 Steel.
1903 Wood.
Beatrice.
TRAFFIC RETURNS.
Calendar Year.
No. of
Round
Trips run.
Number
of Passengers
Carried .
Tons
of Freight
Carried.
Live
Stock.
Mails.
Subsidies
Paid.
39
40
40
40
42
40
32J-
34
35 In
Out
Total
1st
Class.
2nd
Class.
3rd
Class.
Tons
W'ght
Tons
Meas.
900
Lock
Bags.
Tied
Sacks
S 'ts.
12.500
1912
10,948
1,216
404
5,315
3,238
6,227
5,238
1913
12,292
1,461
584
6,409
1,372
482
3,400
9,118
12,500
• 1914
12,788
827
811
11,483
349
925
6,665
6,. 377
12,500
1915
6,020
601
249
10,818
597
1,521
5,067
7,703
12,500
1916
7,638
440
199
13,506
180
1,239
3,361
14,207
12,500
1917
7,616
528
322
13,909
Nil.
779
4,240
9.347
12,500
1918
6,308
810
112
16,890
Nil.
158
4,496
8,195
11,263 03
1919
9,430
699
493
8,583
Nil.
260
6,517
7.649
21,875
1920
5,761
4,414
557
148
335
137
3.197
6,385
Nil.
Nil.
1
100
1,794
2,350
2,270
7,110
23.. 593 75
10,175
705
472
9,582
Nil.
101
4,144
9,380
VICTORIA KEB ^VEST COAST VAXCOUVER ISLAXD
Canadian Pacific Railway Company
Contract No. 63.
T. & C. File 25820.
Tote 162. — Victoria and IVcsf Const Vancouver Island. — Steam service hetiveen-
1920-21 $15,000
1921-22 15,000
Contractors. — Canadian Pacific Railway Company, of Montreal, Que.
Date of Contract.— J nne 18, 1920.
Duration of Contract.— A^ril 1, 1920, to March 31, 1921.
STEAMSHIP SUBSIDIES
25
SESSIONAL PAPER No. 10a
Service. — Three complete round trips each month.
Ports of Call. — Victoria, Port Eenfrew, Carmaiiah, Cla-oose, Bamfield, New
Alberni, Uchucklesit, Sechart, Ucluclet., Clayoquot, Tofino, Christie School, Ahousaht,
Hesquiot, Nootka, AVlialing Station, Kyuquot, Quatsino, and Port Alice; and if
sufficient business offers at other intermediate accessible ports.
Speed Required. — Not stated.
Suhsidi/. — .$1"),(H10 per n)iuum, payable quarterly in June, September, December
and March.
Mails. — To be carried free.
DTSTANiCElS.
Knots.
Victoria to Port Renfrew 54
Port Renfrew to Carmanah 15
Carmanah to Cla-oose 5
Cla-oose to Bamifleld 25
Bamfield to New Altoerni 34
New Alberni to Sechart 34
Sechairt to Ucluelet 12
Ucluelet to Clayoquot 26
Clayoquot to Christie's School 3
Christie's S'chool to Ahousaht 9
Ahousaht to Hesquoit 3'6
Hesquoit to Friendly Cove 25
Friendly Cove to Whaling Station 68
Whaling Station to Kyuquot HI
Kyuquot to Winter Hailbour 4'5
Winter Harbour to Quatsino. . . . ; 22-
Quatsino to Hol'berg 2i3
Total 447
DESCRIPTION OF VESSELS EMPLOYED.
Passenger
Di
mensions.
Tonnage.
Accom-
a
Built.
modation.
p
"S
u
a>
'u.
P^
W
■c
Name.
"5)
B
O
1
1
o
til
s
'S
03
Q
i
T3
VI
At
In
Of
.-:i
«
M
Z
o
u
c^
OCi
«
'<c
CK
Ft.
Ft.
Ft.
C.ft
Kts
Princess
232
38
17
978
1,777
800
.500
Nil.
Nil.
Nil.
NiL
12
Victoria,
1913
Steel .
Maquinna.
B.C.
26
TRADE AXD COMMERCE
11 GEORGE V, A. 1921
TR.AFFIC RETURNS.
Calendar Year.
No. of
Round
Trips
run.
Passenger
C'arriea.
s
Tons of Freight
Carried.
Live
Stock.
MaiU.
Subsidy
Paid.
46
43
43
42
42
42
36
36^
36 In
Out
Total...
1st
Class.
2nd
Class.
3rd
Class.
Tons
Weight.
Tons
Meas.
Ill
Lorrk
Bags.
Tied
Sacks
$ cts.
1912
4,954
1,418
1,137
5,241
5,854
1,751
937
5,000 00
1913
5, 173
3,534
Nil.
1,100
7,292
73
2,0.57
940
1,101
5.000 00
1914
4.123
2,469
615
6,806
1,739
6?
2,479
5,000 00
1915
2,984
916
605
7,442
5,-382
40
2,936
898
5,000 00
1916
3,275
1,343
Nil.
9,7.56
Nil.
20
2,321
1,817
5,000 00
1917
5,292
2,169
Nil.
11,636
Nil.
105
4,. 353
174
5,000 00
1918
7,168
. , 516
438
15,930
Nil.
151
1,.302
3,936
1.277
4,374 94
1919 ^.
5,733
1,525
Nil.
15,047
Nil.
207
3.. 335
4,375 00
1920
3,428
3,552
G39
725
Nil.
Nil.
14,010
:,040
Nil.
Nil.
16
232
832
3,147
184
1,045
12,. MO 00
6,980
1,364
Nil.
21,050
Nil.
248
3,979
1,229
YAXCOUVER AXD XORTHEEX BRITISH COLUMBIA PORTS
The Unjox Ste.\m.ship Co. of British Columbia, Ltd.
Contract Xo. 18.
T. & C. File Xo. 25801.
Vote 163. — Vancouver unci Xorthei-n parts of British Columhia, steam service
between —
1920-21 $24,800
1921-22 24,800
Coutraciors. — The Union Steamship Company cf British Columbia, Ltd.,
Vancouver, B.C.
Date of Contract. — June 15, 1920.
Duration of Contract.— April 1, 1920, to March 31, 1921.
Service and Ports of Call. — Regular sailings throughout the year from Vancouver
to Any ox (Granby Bay), on Observatory Inlet, making —
(a) Two calls each way each week at Campbell River, Port Hardy and Quathi-asca
Cove.
(b) One call each way each week at Alert Bay, Soiiitula, Beaver Cove, Shushartie
Bay, Namu, Bella Bella, Bella Coola, Swanson Bay, Butedale, Prince Rupert, Port
Simpson and Ocean Falls.
(c) One call each week at Wadhams, Hartley Bay, Port Essington, Arrandale,
Kincolith, Mill Bay, Anyox, Claxton, and, weather permitting, at Suquash.
{d) One call one way every two weeks during summer and every four weeks
during winter at Smith's Inlet.
STEAMSHIP SUBSIDIES
27
SESSIONAL PAPER No. 10a
(e) One call one way every four weeks at Kitimat.
(/) During the summer season one call one way each week at Oceanic, Ohina
Hat, Lowe Inlet, Eivers Inlet, Schooner Passage, Kumeon and Alice Arm, and every
two weeks in winter.
(g) During the summer season only one call one way every two weeks at
Kimequit.
Under the present service to Bella Coola by the steamer making that place the
terminal, one call per week suffices. If calls are made by the steamer operating
through to Prince Eupert calls must be made each way each week. It is understood
and agreed that the two calls each way each week at Port Hardy are conditional upon
the Government float being installed at that port ; otherwise one call each way each
week will be sufficient.
Speed Required. — Not stated.
Suhsidi/. — $24,800 per annum, payable quarterly in July, October, January and
April. (In addition to this, $9,200 per annum is paid by the Post Office Department.)
Mails. — To be carried free. The contractors further agree to carry the mails
to and from all ports at which they call, whether such call be stipulated in the agree-
ment or not.
Gorernineui WJiarres. — Steamers must call whenever possible.
r>ISTA!NCBS.
Miles.
Vancouver to Campbell River 101
CampibeH River to Quathiasca Cove. ... 2
Quathiasca Cove t© Alert Bay 81
Alert Bay to Sointula 5
Sointula to SuQuash 9
Suquash to Port Hardy 12
Port Hardy to Shushartie Bay 19
Shushartie Bay to Takush Harbour.. .. 39
Takush Hart>our to Smith's Inlet. .. .. 12
Smith's Inlet to Wadham's 26
Wadham's to Rivers Inlet Cannery.. .. 14
Ftivers Inlet Cannery to iSchooner Pas-
sage 13
Schooner Passage to Safety Cove .... J 5
Safety Cove to Namu 22
Namu to Bella Coola 59
Bella Coola to Kimsquit 53
KimsQuit to Ocean Falls 57
Ocean Falls to Bella Bella.. .
Bella Bella to iChina Hat
China Hat to iSwanson Bay. . .
Swanson Bay to Buted'ale
Butedale to Hartley Bay
Hartley Bay to Kitimat
Hartley Bay to Lowe Inlet . . .
Lowe Inlet to Claxton
Claxton to Port Essington . . . .
Port Essington to Inverness. . .
Inverness to Oceanic
Oceanic to Prince Rupert
Prince Rupert to Port Simpson.
Port Simpson to Arrandale . . .
Arrandale to Kincolith
Kincolith to Mill Bay
Mill Bay to Anyox
Miles.
28
39
. 21
13
28
40
21
41
9
12
14
34
32
33
921
28
TRADE AND COMMERCE
11 GEORGE V, A. 1921
DESCRIPTION OF VESSELS EMPLOYED.
Dimensions.
Tonnage.
Passenger
Accom-
modation.
05
a.
Hi
1
o
_M
'u
T3
o
Built.
Name.
1
£
a
o
Q
2
o
'S
08
n.
a
03
n
e3
o
to
o
u
00
At
In
Of
Chelohsin.. .
Venture
Coquitlam..
C'asmosun...
('owichan.. .
Chilkoot....
Chilliwack..
Ft.
175-5
180-4
1200
1920
156 1
170-6
172-6
Ft.
35 1
.32-0
22-2
35-2
32-0
27-6
30-2
Ft.
15-7
170
9-6
17-9
13-5
10-5
12-9
597
580
165
793
520
219
410
1,133
1,011
256
1,369
961
557
756
479
560
357
713
565
750
800
100
100
Nil.
100
165
Nil.
21
91
84
Nil.
103
Nil'.
Nil.
Nil.
Nil.
Nil.
Nil.
Nil.
Nil.
Nil.
C.ft
Nil.
Nil.
Nil.
Nil.
Nil.
Nil.
Nil.
131
171
28
224
151
81
95
Kts
13§
12
71
11
11
9
10
Dublin
Glasgow
Vancouver. .
Paisley
Ayr
Bowling. . . .
N.Vancou-
ver
1911
1910
1892
1905
1908
1903
1920
Steel .
Steel .
Steel .
Steel.
Steel .
Steel .
Steel .
TRAFFIC RETURNS.
Calendar Year.
No.
of Round
Trips.
Passen-
gers
Carried.
Tons of Freight
Carried.
Live
Stock.
Mails.
Subsidy
Paid.
Weight.
Measure-
ment.
Lock
Bags.
Tied
Sacks.
1912
217
189
209
189
241
236
268
218
234
Total
19,600
19,328
21,167
15,126
21,424
23,4.=)3
30,454
27,309
In 13,018
Out 19,459
26,451
99,106
31,291
30,627
34,5.50
31,011
40,116
31,474
11,601
8,615
11,157
45,4.33
10,600
8,541
14,738
13,511
16,891
12,169
2,444
12,512
928
791
518
602
362
309
230
165
21
221
7,472
8,042
17,256
13,831
16,964
19,526
20,997
22,103
9,975
16,897
Nil.
2,828
Nil.
Nil.
Nil.
Nil.
100
Nil.
Nil.
Nil.
$ cts.
7,500
1913
15,100
1914
16.800
1915
16,800
1916
16,800
1917
16,800
1918
16,800
1919
16,800
1920
22,800
32,477
20,216
14,956
242
26,872
Nil.
YAXcou^^:R and pokts ox howe sound
R. D. TiioMPSOX
Contract Xo. 78.
T. & C. File Xo. 26034.
Yoie IGk- — Vancouver ond i^oris on Howe Sound, steam service hehveen —
1920-21 $5,000
1921-22 5,000
Contractor. — R. D. Tliompson, of Vancouver, B.C.
Date of Contract. — August 24, 1920.
Duration of Contract.— A^ril 1, 1920, to :March 31, 1921.
Service and Ports of Call. —
(a) A regular daily service from April 1 to September 30 between Van-
couver and Gibson's Landing, Hopkin's Landing, N'ew Brighton, Port Mellon,
Smith's Landing and Seaside Park.
STEAMSHIP SUBSIDIES
29
SESSIONAL PAPER No. 10a
(&) A regular service three times each week from October 1 to March 31,
and more frequently should business warrant it, between Vancouver and Gib-
son's Landing, Hopkin's Landing, Smith's Landing and New Brighton.
(c) A regular service twice a week throughout the year between Van-
couver and Hope Point (or Long Bay), West Bay, Grace Harbour, Elkin's
Point, MeNab Creek, Douglas, North Bay and Halkett Bay.
(d) A regular service twice a week from October 1 to March 31 between
Vancouver, Port Mellon and Seaside Park, with more frequent trips, if busi-
ness should warrant it.
Speed Required. — Not stated.
Subsidy. — $5,000 per annum, payable quarterly.
Mails. — To be carried free. Mails to be received and delivered at ship's side.
DISTANCES.
Vancouver to Hope Point
Hope Point to West Bay
West Bay to Gitoson's Landing
Gibson's Landing- to Hopkin's Landing
Hopkin's Landing to Stnith's Landing
Smith's Landing to New Brighton
New Brighton to Port Mellon
Port Mellon to Seaside Park
Seaside Park to McNab's Creek
MaN alb's Creek to Elkin's Point
Elkin's Point to Douglas Bay
Douglas Bay to North Bay
North Bay to Halkett
Halkett to Vancouver. . .
Total
Vancouver to Gibson's Landing
DESCRIPTION OF VESSEL EMPLOYED.
Miles.
22
4
2
3
10
1
6
2
4
4
24
Dimensions.
Tonnage.
a
Built.
Name.
t3
43
>>
'o
to o
fi<
At
In
Of
53
o
n
^
o
o.
K
O
^
m
Q
^
O
03
O
^
^
Ft.
Ft.
Ft.
Knot
Britannia
104-8
22-4
609
221-6
325-9
60
200
33
10
Vancouver
B.C.
1902
Wood
TRAFFIC RETURNS
No. of
Round
Trips
run.
Number of
Passengers
Carried.
Tons of
Freight
Carried.
Live
Stock.
Mail
Period.
Lock
Bags.
Tied
Sacks.
Subsidy
Paid.
Aug. 1 to Dec. 31, 1919
114
264
5,378
In 9, 198
Out 9,405
531
110
1,845
48
19
43
309
911
1,122
464
612
1,642
$ cts.
1 744 88
1920
5,000 00
Total
18,603
1,955
62
2,033
2,254
11 GEORGE V
SESSIONAL PAPER No. 10a
A. 1921
LOCAL SERVICES.
BADDECK AND lONA
The Baddeck Steamship Co^ipaxy, Limited
Contract No. 25.
T. & C. File 25181.
Vote 165. — Baddrck and lona, sicnm service hehceen —
1920-21 $6,825
1921-22 8,825
Contractors. — The Baddeck Steamship Conipany, Ltd., of Baddeek, N.S.
Contract Dated.— YehruiM-y IT, 1920.
Duration of Contract.— April 1, 1920, to March 31, 1921.
Service. — Two full round trips daily, during open navigation.
Ports of Call. — Baddeck, lona and McKay's Point; calling at Kempt Head on
the western end of Boularderie Island on trips from Baddeck to lona; such calls to
be made only on those days on which the steamer Marion makes her westbound trip
from Sydney to Whycocomagh; and calling at Grand Narrows whenever there is a
reasonable amount of freight to take on or put off at that place.
Connections at lona. — The steamer Blue Hill shall make connections at L^na
with the afternoon eastbound train from Halifax to Sydney. In case the train is
late in arriving at lona, the steamer must wait for a reasonable time before pro-
ceeding to Baddeck.
(Tovernment Wharves. — Steamer must call whenever possible.
Suhsidi/. — $6,825 per annum, payable quarterly, in July, October, January and
April.
Mails. — To be carried free.
DISTANCES.
Miles.
Baddeck to lona 12
Grand Nanro Wis 2i(}
" McKay's Point 10
'' Kempt Head 5
Distance between tenninal points 20
DESCRIPTION OF VESSEL EMPLOYED
Dimensions.
Tonnage.
c
-a
Built.
Name.
u O
Xi
43
.^
>,
'v
Is
^
T3
At .
In
Of
60
c3
S<
^
O
o.
i?.
w
o
4)
e3 o
1-J
P3
Q
'Z
O
O
(^<
iz;
ai
Ft.
Ft.
Ft.
Knots
Blue Hill
135
18
7
92
195
500
38
12
East Boston,
U.S.A.
1887
Wood
31
32
TRADE AND COMMERCE
TRAFFIC RETURNS
11 GEORGE V, A. 1921
Calendar
Year.
No. of
Round
Trips run.
Passengers
Carried.
Freight
Carried .
Live Stock.
Mails.
Subsidy
Paid.
Lock Bags.
Tied Sacks.
1912
480
534
500
598
510
477
453
573
484
Total
3,048
4,754
4,468
4,156
3,463
4,380
3,418
5,652
In... 2, 938
Out.. 2, 807
573
873
782
824
789
1,015
783
923
652
189
74
86
98
54
Nil.
Nil.
Nil.
28
2,892
3,173
3,227
3,065
3,034
2,854
2,999
3,869
1 , 755
1,349
3,377
3,938
4,801
4,200
4,986
5,419
4,659
6,711
5,648
281
$ ots.
5,825 00
1913
5,825 00
1914
5,825 00
1915
5,728 32
1916
5,750,64
1917
5,825 00
1918
5,825 00
1919
6,825 00
1920
0,825 00
5,745
841
28
3,104
5,929
From 1907 to 1915, inclusive, and during the quarter ended March 31, 1916, the service was
performed by the Victoria Steamship Company, of Baddeok, N.S., and their proportion of the
sulbsidy shown aibove for 1'916 was $1,475.
CHARLOTTETOWN, PICTOU AND NEW GLASGOW
Vote 166. — Charlottetown, Pictou and New Glasgow, steam service tetween —
1920-21 $2,000
1921-22 2,000
The Eastern Transport, Ltd., of New Glasgow, N.S., offered to perforin a weekly
service between the above-named ports, w4th the steamer Eastran, for an annual
subsidy of $2,000. The contract was never completed, however, as the company
substituted for the Eastran an inferior vessel, the Trusty, with -which an irregular
service was performed. No subsidy has been paid yet, and no traffic returns furnished.
OHAHLOTTETOWN, VICTORIA AND HOLLIDAY'S WHARF
Charlottetown Stea^iship Co.
Contract No. Y-4.
T. & C. File 25889.
Yote 167. — Charlottetown, Victoria and HolUday's Wharf, steam service hetween —
1920-21 $2,500
1921-22 2,500
Contractors. — The Charlottetown Steamship Co., Ltd., of Charlottetown, P.E.I.
Contract dated.— July 6, 1920,
Duration of Contract. — From the opening to the close of navigation in 1920.
Service and Ports of Call —
Two round trips each week from the opening of navigation uutil October
1st, and thereafter one round trip each week Until the close of navigation,
from Charlottetown to Victoria ; and two round trips each week throughout the
season to Holliday's Wharf, East River and West River, calling at China Point,
Orwell and Orwell Cove.
Suhsidy.—^'i,'o(^ per season, payable in two instalments
Mails.— To be carried free.
STEAMSHIP SUBSIDIES
33
SESSIONAL PAPER No. 10a
DISTANCES
C'harlottetown to Holliday's.. ..
Holliday's to China Point
China Point to Orwell Cove. . . .
Charlottetown to Victoria
Charlottetown to Hickey's Wharf.
Hickey's Wharf to Haggarty's. . .
Haggerty's to Hayden'e
Charlottetown to McEwen's. . . .
McEwen's to West River Bridge.
DESCRIPTION OF VESSEL EMPLOYED
Miles.
17
2h
28
11
3
1
73
Dimensions.
Tonnage.
§■
-a
t- o
<D a
^ 8
Ah'
13
a
CO
Built.
Name.
to
a
o
03
2
O
'o
03
O.
03
O
At
In
Of
Harland
Ft.
113
Ft.
27
Ft.
6-7
217
352
50
286
33
Knot
10
Shelburne, N.S.
1908
Wood
TRAFFIC RETURNS
Calendar Year.
No. of round
trips run.
No. of
Passengers
carried.
Barrels of
Freight
carried.
Live
Stock.
Mail
Bags.
Subsidy
Paid.
1913
273
251
255
234
226
No serv
198
242
12 534
13,232
13,165
10,159
10,536
ice was perf
3,123
In... 4, 584
Out. .4, 541
31,331
33,0.50
31,041
35,898
41,873
ormed.
30,018
14,323
16,342
1,088
1,617
1,053
1,528
1,275
471
1,636
92
Nil.
Nil.
Nil.
Nil.
Nil.
Nil.
Nil.
Nil.
$
2 500 00
1914
2,500 00
2,500 00
2,500 00
2 500 00
1915
1916
1917
1918
1919
2,031 25
1920.
2,500 00
Total
9,125
30, 665
1,728
Nil.
♦ GRAND MANAN AND THE MAINLAND
Grand Maxax Stjpamboat Comp.\ny
Contract No. 14.
T. & C. File No. 25759.
Yote 168. — Grand Manan and the Mainland, steam service between —
1920-21 $15,000
1921-22 15,000
Contractors. — The Grand jManan Steamboat Company, of Grand Manan, N.B.
Date of Contract.— June 10, 1920.
10a— 3
34
TRADE AXD COMMERCE
11 GEORGE V, A. 1921
Duration of Co)iiract.—Ai[>Y\\ 1, 1920, to March 31, 1921.
Service and Ports of Call. — From June to September, inclusive: —
(a) One trip each Aveek between Grand !Manan and St. Andrew's, calling both
waj's at Campobello and Eastport, !^^aine.
(h) One trip each week between Grand .^lanan and St. John, viu and calling both
ways at Campobello and Eastport.
(c) One round trip each week between Grand Manan and St. John direct.
(d) One trip each.week between Grand Manan and St. Stephen, calling both way;
at Campobello, Eastport and St. Andrew's. >
And during the reiiiaining eight months of the year: —
(e) One trip each week between Grand Manan and St. Stephen, calling both
ways at Campobello, Eastport and St. Andrew's.
(/) One trip each week between Grand iManan and St. John, calling both ways
at Campobello and Eastport.
(g) One trip each week between Grand ^fanan and 'St. Andrew's, calling both
ways at Campobello and Eastport.
Subsidy. — $15,000 per annum, payable quarterly in July, October, January an'd
April.
Mails. — To be carried free.
Government ^Y]larves. — Steamers must call at Government Wharves whenever
possible.
DISTANCES.
Grand Manan to Campobello
Campobello to Eastport
Eastport to St. John
Eastport to St. Andrew's
St. Andrews to St. Stephen
.St John to Grand Manan
St. Stephen to Grand Manan
St. Andrew's to Grand Manan
:Mile.=
15
45
12
18
45
4S
30
DESCRIPTION OFjSTEAMER EMPLOYED
Dimensions.
«
Tonnage.
c
cS
Built.
Name.
1
s
1
«
1
Gross.
Capacity
o.
XTi
At
In
Of
Ft.
Ft.
Ft.
Knots
*
Grand Manan.
130
2C
11
180
36.3
250
350
32
12
Liverpool, X.S..
1911
Wood
STEAMSHIP SUBSIDIES
35
SESSIONAL PAPER No. 10a
TRAFFIC RETURNS.
Calendar
Year.
No. of
Round
Trips run.
No. of
Passengers
Carried.
Tons
Freight
Carried.
Live Stock.
Malis.
Subsidy
Paid.
Lock Bags.
Tied Sacks.
]912.. .
174
17H
172^
1764
174
173
1634
165
168
Total
7,707
7,509
6,625
6,416
6.977
6.473
5,606
7,921
In 3,636
Out 4,411
4,660
4,010
3,927
4,589
5,427
4,607
■ 4,789
4,793
3,323
283
25
152
54
26
34
41
21
107
224
215
2,295
1,815
1 , 633
1 775
1.952
1,805
2,680
1,782
965
661
2,000
1,914"
2.215
2 .587
2.859
3,089
3,493
3,577
3,184
607
$ cts.
9,250 00
1913
1914
1915
9,903 85
10,000 "0
10,000 00
1916
10,001 00
1917
1918
10.000 00
10,000 00
1919.. .
11,875 00
1920
14,375 00
8,047
3,606
439
1,626
3,791
HALIFAX, CAKSO AISIB GUYSBOEOUGH
Halifax axd Cakso Stea:mship Co., Ltd.
Contract Xo. 30,
■ T. & C. File No. 25844.
Tote 169. — Halifax, Canso and Guyshorough, steam service hetiveen — ■
1920-21 $7,000
1921-22 7,000
Contractors. — The Halifax and Canso Steam^^hip Co., Ltd., of Halifax, X.S.
Date of Contract.— June 23, 1920.
Duration of Contract.— Aiir'A 1, 1920, to March 31, 1921,
Service. — Weekly, all the year round, between Halifax and Guysborough.
Ports of Call. — Calling on all voyages each way at Canso, Whitehead. Drumhead,
Isaac's Hai^bour, Goldboro, Port Beckerton and, weather permitting, at Port Hilford;
and calling on all outward voyages at Half Island Cove and Qtieensport; calling
fortnightly during open navigation on outward voyages at Country Haribour and
Boylston; and during the months of January and February at Port Dufferin and
Moser's River.
(a) From January 15 to March 31 a fortnightly call only need be made at
Guysborough, Queensport and Half Island Cove.
(b) Calls at Port Hilford shall not be required when the depth of water south
of the breakwater is less than 14 feet. The contractors shall, however, make every
reasonable effort to call at this port.
Capacity of Steamer. — The steamer employed is guaranteed to have a cargo
capacity equal to 2,500 barrels, with passenger accommodation for 40 passengers,
electric lighted throughout and fitted with adequate refrigeration for the carriage of
fresh fish.
Laying off Steamer. — The steamer may lay off for refitting two trips in each
year, at such time or times as will least interfere with the requirements of the service.
Government ivl\arves.—T\\e steamer must call whenever possible.
Suhsidp. — $7,000 per annum, payable quarterly in July, October, January and on
the completion of the service.
Mails. — To be carried free.
10a— 3i i
36
TRADE AND COMMERCE
11 GEORGE V, A. 1921
DISTANCES.
Halifax to Port Hilford. . . .
Port Hilford to Beckerton.. .
Beckerton to Isaac's Harbour.
Isaac's Harbour to Whitehead.
Whitehead to Canso ,
Canso to Queensport
Queensport to Guyeborou^h . .
Total
Miles.
89
10
16
35
17
12
13
192
DESCRIPTION OF VESSEL EMPLOYED.
Dimensions.
Tonnage.
T3
Built.
Name.
uB
J3
•T3
JS
is
-a
At
In
Of
C
O
o
o
H
e3
^<
§.
M
pq
Q
^
O
o
Ph
"^
cc
Ft.
Ft.
Ft.
brls.
Knots
Scotia
137
27
9-5
268
376
2,000
100
53
10
Mahone, N.S.. .
1907
Wood
TRAFFIC RETURNS.
Calendar Year.
No.of round
trips run.
No.of
Passengers
carried.
Tons of
Freight
carried.
Live
Stock.
Mail
Bags.
Subsidy
Paid.
1912
49
51
51
51
50
51
48
50
45
Total
1,344
2,518
2,377
2,247
2,475
2,443
2,168
2,287
In 902
Out 948
21,369
22,222
22,731
25,098
19,862
25,481
23,869
30,701
3,928
15,367
25
68
30
Nil.
Nil.
21
Nil.
Nil.
Nil.
Nil.
Nil.
Nil.
Nil.
Nil.
Nil.
Nil.
Nil.
Nil.
Nil.
S cts.
4,000 00
1913
4,750 00
1914
5,000 00
1915
5,000 00
1916
5,000 00
1917
5,000)0
1918
5,000 00
1919
5,000 00
1920
6,096 20
1,850
19,295
Nu.
Nil.
HALIFAX AND LaHAVE EIVER PORTS
The Western Steamship Co., Ltd.
Contract No. 67.
T. & C. File No. 25838.
Vote 170. — Halifax and LaHave River Ports, steam service between —
1920-21 $4,000
1921-22 .. 4,000
Contractors. — ^The "Western Steamship Co., Ltd., Halifax, N.S.
Date of Contract.— June 23, 1920.
STEAMSHIP SUBSIDIES 37
SESSIONAL PAPER No. 10a
Duration of Contract.—O-pening of navigation, 1920, to M,arcli 31, 1921.
Service and Ports of Call. — Leaving Halifax once each week, calling at LaHave,
Riverport, East LaHave, Pleasantville, Conquerall Bank and Dayspring, and return-
ing to Halifax, calling at the aforesaid ports.
During 1{he winter months, when the LaHave river is frozen over, calls at
Pleasantville, East LaHave, Conquerall Bank and Dayspring may be omitted.
During the months of January and February calls at any of the said ports may
be omitted if ice conditions prevent their being made.
Government Wharves. — Steamers must call whenever possible.
Subsidy. — $4,000 per annum, payable in quarterly instalments on the last days of
June, September, December and March.
Mails. — To be carried free.
Withdrawal of steamer for repairs. — The steamer may be withdravm from the
service for a total period of fourteen days, if required, for necessary repairs.
rUSTANCBS.
■ Miles.
Halifax to LaHave ■ 52
" Riverport . 54
" West LaHave 56
" Conquerall Bank 60
DESCRIPTION OF VESSEL EMPLOYED
Dimensions.
Tonnage.
c3
Built.
Name.
0
J3
^
>>
as
p^
At
In
Of
M
-^
*i
m
0
03
m 0
K
-0
h-5
0
Q
^
0
S
0
Pi
^
0
a,
Ft.
Ft.
Ft.
Knots
Enterprise. . . .
108
25
8-6
98
211
100
100
42
11
Shelburne, N.S.
1907
Wood.
TRAFFIC RETURNS
Calendar Year.
No. of round
trips run.
No. of
Passengers
carried.
Tors of
Freight
carried.
Live
Stock.
Bags
Mail
Subsidy
Paid.
1912
43
88
681
m
72
23
44
46
Total
410
526
Nil
^134
682
885
368
343
In 119
Out 127
360
5,900
4,294
4,820
5,287
7,310
2,300
3,807
592
2,690
12
Nil.
Nil.
Nil.
6
Nil.
Nil.
Nil.
Nil.
Nil.
Nil.
Nil.
Nil.
Nil.
Nil.
Nil.
Nil.
Nil.
Nil.
Nil.
S cts.
3 147 73
1913
3 153 85
1914
2,815 00
3,000 77
3 639 60
1915
1916
1917
4,513 57
1918
1,095 26
1919
2 250 00
1920
3,750 00
246
3,282
Nil.
Nil.
38 TRADE AND COMMERCE
11 GEORGE V, A. 1921
HALIFAX AXD NEWFOUNDLAND via CAPE BEETOX PORTS
J. A. FAKQLll.U} & CO., LTD.
Contract Xo. 11.
T. & C. File Xo. 2595G.
Vote 171. — Halifax and Xeivfoundland via Cape Breton ports, steam service between —
1920-21 $7,000
1921-22 5,000
Contractors. — J. A. Farquliar ^ Co., Ltd., of Halifax, X.S.
Date of ContracL— July 26, 1920.
Duration of Contract. — For the season of navigation, 1920.
Service. — Forniglitly, until 11 complete round trips liave been performed; or
until the close of navigation, should it close before the said 14 trips can be performed.
Ports of Call. — Halifax to Sydney, via the south shore of Cape Breton, thence to
Xorth Sydney, Marble Mountain, Baddeck, Irigonish, Xeil's Harbour, White Point
and St. Paul's Island; thence to Channel, Codroy, Sandy Point, Bay of Islands and
Bonne Bale, Xfid. ; thence returning to Halifax, calling at Bay of Islands, Sandy
Point, Codroy, Channel, St. Paul's Island, White Point, Xeill's Harbour, Ingonish,
. North Sydney and Sydney,
Sudsidy. — $5,000 for the season, payable at the rate of $357.1-1: per round trip.
Mails. — To be can-led free.
DISTANCES.
Miles.
Halifax to St. Peter's 154
St. Peter's to Grand Narrows 21 i
Grand Narrows to Baddeck 9i
Baddeck to North Sydney 40
North Sydney to Sydney 4 J
Sydney to Ingonish 31
Ingonish to Neil's Hai'iboun- 11
Neil's Harbour to Aspy Bay 10
Aspy Bay to St. Paul's Island 21
St. Paul's Island to Channel ' 49
Channel to Codroy 27
Codroy to Bay St. George 55
Bay St. George to Baj' of Islands Ill
Bay of Islands to Bonne Bay 52
Total 5'>6
STEAJISHIP SUBSIDIES
39
SESSIONAL PAPER No. 10a
DESCRIPTION OF VESSEL EMPLOYED.
Dimensions.
Tonnage.
-1
a
■a
o
u£
§8
^
K
^
Built.
Name.
.a
3
ft
in
O
>>
'o
ft
c3
At
In.
Of
Stella Maris .
Ft.
124
Ft.
23-6
Ft.
12-2
54
229
350
Nil.
70
Knots
8i
London
1882
Wood
and
iron
TRAFFIC RETURNS.
Calendar Year.
No. of round
trips run.
No. of
Passengers
carried.
Tons of
Freight
carried.
Live
Stock.
Mail
Bags.
Subsidv
Paid.'
1912
15
15
14
15
14
13
13
18
14
Total
344
400
203.
276
293
317
36
145
/ In 35
lOut 30
7,378
8,488
9,028
9,346
9,051
7,700
5,136
4,913
1,898
2,919
Nil.
Nil.
Nil.
Nil.
2
Nil.
Nil.
83
Nil.
Nil.
34
20
28
39
44
65
51
73
36 \
30 /
$ cts.
10,000
1913
10,000
1914
10,000
1915
1916
10,000
10,000
1917 '
10,000
1918
8,000
1919
10,000
1920
5,000
55
4,817
Nil.
56
Froni 1907 to 1910 inclusive, the service was performed by Messrs. Pickford & Black, of Halifax, N.S.
ORIGIN, QUANTITY AND VALUE OF FREIGHT EXPORTED FROM
CANADA TO NEWFOUNDLAND
Calendar Year.
Canadian Origin.
United States Origin.
Total.
Weight.
Measure-
ment.
Value.
Weight.
Measure-
ment.
Value.
W'eight.
Measure-
ment.
Value
1912
Tons.
2,366
3,091
4,421
4,308
4,012
3,058
2,280
2,631
2,565
Tons.
36
636
100
167
73
53
34
83
Nil.
S
119,300
214,9.38
217,962
257,505
276,533
293,323
246,535
410,650
374,210
Tons.
1,139
552
178
293
690
454
300
621
354
Tons.
121
554
129
278
12
3
3
Nil.
Nil.
$
90,743
37,799
25,925
46,341
110,740
75,290
43,121
73,232
69,502
Tons.
3,505
3,643
4,599
4,601
4,702
3,512
2,580
3,252
2,919
Tons.
157
1,188
229
445
85
56
37
83
Nil.
$ cts.
210,043
1913
1914
2.52,737
243,887
1915
303,846
1916
1917
387,273
368,613
1918
291 , 6.56
1919
483,882
1920
443,712
PRINCIPAL ARTICLES EXPORTED
Of Canadian Origin. — Flour, paint, molasses, gasolene, beans, stoves, furniture,
butter, tea, bay, rope, tin ingots, apples, oats, kerosene oil, beef, pork, sugar, potatoes,
oil, clothing, boots and shoes, nets, hardware, wire fencing, roofing, axes, and engines.
Of United States and Foreign Origin. — ^Molasses, engines and parts thereof, beef,
rope, machinery, pork, tobacco, kerosene oil, oranges, shoes, feed, whisky, sugar, tea,
salt, gasolene, engines, bananas, oranges, and raisins.
40 TRADE AND COMMERCE
11 GEORGE V, A. 1921
HALIFAX, SPRY BAY AND CAPE BRETON" PORTS
Halifax and Sheet Harbour Steamship Company, Ltd.
Contract No. 55.
T. & C. File No. 25479.
Vote 172. — Halifax and Spry Bay and ports in Cape Breton, steam service hetween —
1920-21 i^^OOO
l©21-22 6,000
Contractors. — Halifax and Sheet Harbour Steamship Company, Ltd., 234-246
Hollis street, Halifax, N.S.
Date of Contract.— Ai)Til 13, 1920.
Duration of Contract.— Aitril 1, 1920, to ]\i:arch 31, 1921.
Service. — Weekly, all the year round.
Ports of Call. — Halifax, Jeddore, Owl's Head, Tangier, Pope's Harbour, Ship
Harbour, Sheet Harbour, Sober Island, Spry Bay, St. Peter's, Arichat, West Arichat,
Poulamond and L'Ardoise; as well as such other ports or places between the above
terminal jwrts as may be required by the minister.
(a) The call at Pope's Harbour is at the discretion of the contractors.
(&) The call at L'Ardoise may be omitted in January, February and March.
(c) Between January 20 and March 20 the contractors have the option of omit-
ting calls at St. Pet-er'^, Arichat, West Arichat and Poulamond, provided satisfactory
proof can be shown the minister that the steamer Avas prevented from calling at these
ports on account of ice conditions.
(d) A fortnightly service to Marble Mountain shall be performed during the
season of open navigation.
(e) Through bills of lading shall be issued by the Margaret between Halifax
and all x>orts in the Bras d'Or lakes and on the eastern coast of Cape Breton called
at by the Arcadia during the present season.
Suhsidy. — $4,000 per annum, payable in four equal instalments in July, October,
January and April.
Government Wharves. — ^Steamer must call whenever possible.
Time for repairs. — Three weeks are allowed during the year for Government
inspection and annual overhauling.
Mails. — To be carried free.
DISTANCES
Miles.
Halifax to Jeddore 55
Jeddore to Owl's Head 15
Owl's Head to Tangier l<y
Tang-ier to Pope's Hartiour 10
Pope's Harbour to Ship Harbour 10
Ship Harbour to Sheet Harbour 20 .
Sheet Harbour to Sober Island 20
Total 120
STEAMSHIP SUBSIDIES 41
SESSIONAL PAPER No. 10a
DESCRIPTION OF VESSEL EMPLOYED
Dimensions.
Tonnage.
Built.
1
Name.
o
X
rC
M C
Ph
At In
Of
73
03
£
IB
01
10
o
a
w
h^
m
Q
'4,
O
O
Pk
:^
m
Ft.
Ft.
Ft.
Knots
Margaret
92
19
9
100
195
175
90
27
101
Sheet Harbour.
1907
Wood
TRAFFIC RETURNS
Calendar Year.
No. of round
trips run.
No. of
Passengers
carried.
Tons of
Freight
carried.
Live
Stock.
Mail.
Subsidy
Paid.
1912
52
50
50
50
45
45
41
46
46
Total
3,138
3,244
2,572
2,630
2,207
1,522
1,101
1,342
In 920
Out 1,059
7,380
7,430
7,700
7,535
9,180
7,155
5,740
6,225
1,725
3,875
Nil.
Nil.
Nil.
Nil.
Nil.
Nil.
100
Nil.
Nil.
Nil.
Nil.
Nil.
Nil.
Nil.
Nil,
Nil.
Nil.
Nil.
Nil.
Nil.
S cts.
2,500 00
1913...
2,153 84
1914
3,000 00
1915
4,000 00
1916
1917
3,603 08
3,750 25
1918
3,767 92
1919
4,000 00
1920
4,000 00
1,979
5,600
Nil.
Nil.
HALIFAX, SOUTH CAPE BEETON AND BRAS D'OR LAKE PORTS
IIkxdry. Ltd.
Contract No. 66.
T. & C. File No. 25480.
Y ote lis. — Halifax, South Cape Breton and Bras d'Or Lake Ports, steam service
hetween —
1920-21 $6,000
1921^22 6,000
Contractors. — Messrs. Hendry, Ltd., Halifax, N.S.
Date of Contract.— Aw^l 13, 1920.
Duration of Contract. — From the opening to the close of navigation in 1920.
Service and Ports of Call. — Passengers and freight shall be conveyed between
Halifax and St. Peter's by the steamers Margaret and Strathlorne, and shall be trans-
shipped at St. Peter's to and from the Arcadia for the purpose of proceeding to or
from the under-mentioned points in the Bras d'Or lakes, and on the east coast of Cape
Breton. The Arcadia's services shall be as follows: (a) Four round trips each month
from St. Peter's, N.S., to Sydney, through the Bras d'Or Lakes, calling at all ports on
the east and west sides of the lakes at which freight is offered, or is to be delivered,
including Grand Narrows, lona, Baddeck. Whycocomagh, Little Narrows, Nyanza,
Boularderie Centre, Boularderie, Marble Mountain, West Bay, Washabuck Centre,
Johnston's Harbour, Irish Cove, Big Pond, East Bay, Castle Bay and Grand Narrows,
extending each trip from Sydney to North Sydney, Glace Bay, Port Morien, Maina-
dieu, Louisburg and Ga:barous.
42
TRADE AND COMMERCE
11 GEORGE V, A. 1921
Through tickets for passengers and through bills of lading for freight shall be
issued between Halifax via the Margaret and Strathlorne, and the above-mentioned
ports in the Bras d'Or Lakes and on the East Coast of Cape Breton.
If, during the eaWy spring and late fall, the steamers Strathlorne and Margaret
have their full complement of freight and are unable to carry the additional freight
required to and from the Arcadia, the contractors agree to supply an additional
steamer between Halifax and St. Peter's, for the purpose of carrying the surplus of
the Arcadia's freight.
The calls at Mainadieu are to be conditional upon the weather permitting. Calls
at Glace Bay shall not be made unless, in the opinion of the Minister, it is safe for
the steamer Arcadia to call at this port.
Government ^Vharves. — Steamer must call whenever possible.
Subsidy. — $6,000 per annum, payable in four instalments of $1,500 each.
Mails. — To be carried free.
DISTANCES.
ililes.
Halifax to St. Peter's 145
St. Peter's to Grand Narrows 20
Grand Narrow-s to lona 1
lona to Baddeck 10
Baddeck to Pt. Bevis 9
Pt. Bevis to Boularderie 3
Boularderie to Boularderie Centre 5
Boularderie Centre to Big Bras d'Or 6
Big Bras d'Or to New Camiptoellton 1
New Campbellton to Nortti Sydney 15
North Sydney to Sydney 5
Sydney to Glace Bay 21
Glace Bay to Port Morien 15
Port Morien to Mainadieu 14
Mainadieu to Louisburg Ifi
LouisHDurg- to Galbarous 14
Total 300
DESCRIPTION OF VESSEL EMPLOYED
Dimensions.
Tonnage.
'-3
cS
T3
n
Built.
Name.
O
i-2
O
C
A
i
a
+5
i
3
5-
11
^3
PL,
At
In
Of
^
Q
^
O
6
^
'
Ft.
Ft.
Ft.
Arcadia
73
16-7
6-4
42
62
70
40
30
8
Yarmouth. X.S.I 1884
Wood.
STEAMSHIP SUBSIDIES
43
SESSIONAL PAPER No. 10a
TRAFFIC RETURNS.
Calendar Year.
Xo. of round
trips run.
Xo. of
Passengers
carried.
Tons of
Freight
carried.
Live
Stock.
Bags
Mail.
Subsidy
Paid.
1912
21
21
19
14
15
15
14
26
32
Total
21
7
6
Nil.
Nil.
57
Nil.
181
In 149
Out 131
4.985
4,930
4,603
4,290
3,770
4,270
2,342
3,775
2,910
2,910
Nil.
Nil.
Nil.
Nil.
Nil.
Nil.
Nil.
Nil.
Nil.
Nil.
Nil.
Nil.
Nil.
Nil.
Nil.
Nil.
Nil.
Nil.
Nil.
Nil.
3,200 00
1913
3,500 00
1914
3,333 33
1915
2,666 66
1916
5,625 00
1917
5,625 00
1918
3,999 94
1919
6,000 00
1920
6,000 00
280
5,820
Nil.
Nil.
In 1918 this service, commencing at Halifax, was performed by the Provincial S.S. Co., and previous
to that by the Halifax and Glace Bay S.S. Co.
HALIFAX AND WEST COAST CAPE BRETOTs
The Halifax and Inverness Steamship Co., Ltd.
Contract No. 70.
T. & C. File No. 25478.
Vote 17Jf. — Halifax and West Coast of Cape Breton, calling at way ports, steam service
hetiveen —
1920-21.. .' $4,000
1921-22 4,000
Contractors. — The Halifax and Inverness SS. Co., Ltd., of Halifax, N.S.
Date of Contract.— K^vW 13, 1920.
Duration of Contract. — From the opening to the close of navigation in 1920.
Service. — Weekly. Twenty-six trips shall constitute a full season's service,
although the contractors shall be required to make such additional sailings as weather
conditions shall permit.
Ports of Call. — Halifax, Port Mulgrave, Port Hawkesbury, Port Hastings, Port
Hood, Mabou, Margaree, Grand Etang, Cheticamp, and Eastern Harbour, calling
once every two weeks at Havre au Bouche, Cape George and Pleasant Bay, and calling
at Inverness, Broadcove Marsh and Margaree Island whenever there is a reasonable
quantity of freight or number of passengers to be landed or embarked, weather per-
mitting. .
(&) Calls shall be made at Chimney Corner when the wharf is completed, and
when there are passengers or freight to be taken on or put off at that place.
(c) One call shall be made during the autumn of the present year at Ballantyne's
Cove, X.S.
{d) Through bills of lading shall be issued by the Strathlorne from Halifax to all
ports in the Bras d'Or Lakes, and on the Eastern Coast of Cape Breton, called at by
the Arcadia during the present season.
44
TRADE AND COMMERCE
11 GEORGE V, A. 1921
(e) On all trips north the captain of the Strathl&rne shall advise the agent of
the contractors at Margaree from Mulgrave or Mabou the approximate hour of his
arrival at Margaree, and on south bound trips he shall similarly advise the agent
at Margaree from Grand Etang.
(/) When weather conditions at Margaree are such as to prevent boats or lighters
coming out to the steamer, the agent shall hoist a red or white flag within a reason-
able time of the steamei-'s announced arrival, so that the steamer may not be unduly
delayed.
(g) On arrival off the port of Margaree the steamer shall anchor and give notice
of her presence by whistle or other suitable means. If boats do not come off from the
shore within half an hour after anchoring, the steamer shall be at liberty to hoist her
anchor and proceed on her voyage.
Government Wharves. — Steamer must call whenever possible.
Subsidy. — $4,000 per annum, payable in instalments of $2,000 on July 1 and on
completion of the service.
Mails. — To be carried free.
mSTANCES
Miles.
Halifax to Mulgrave 150
Mulgrave to Hawkesburj- 1
Hawkesbury to Hastings 3
Hastings to Havre au Bouche 7
Havre au Bouche to Port Hood 20
Port Hood to Mat)OU 10
Maibou to Margaree 31
Margaree to Grand Etang 8
Grand Etang to Eastern Harbour 9
Eastern Harbour to Pleasant Bay 15
Total 264
DESCRIPTION OF VESSEL EMPLOYED
Dimensions.
Tonnage.
.1
Built.
Name.
o
o
c
-a
0)
a
o
2
Z
i.
e3
c o
1^
At
In
Of
m
Q
Z
o
O
Oh
'z
CO
Ft.
Ft.
Ft.
Strathlome...
116
20-2
9
81
135
180
40
24
9
Mahone...
1909
Wood.
STEAMSHIP SUBSIDIES
45
SESSIONAL PAPER No. 10a
TRAFFIC RETURNS.
Calendar Year.
No. of round
trips run.
No. of
Passengers
cairied.
Tons of
Freight
carried.
Live
Stock.
Bags
Mail.
Subsidy
Paid.
1912
27
27
27
27
25
27
27
27
26
Total
8
Nil.
Nil.
3
Nil.
108
64
57
In 220
Out 250
6,580
5,120
4,662
3,782
6,079
7,150
4,960
3,125
2,800
3,200
Nil.
Nil.
Nil.
Nil.
Nil.
Nil.
Nil.
Nil.
Nil.
Nil.
Nil,
1,444 44
1913
Nil
Nil
Nil
Nil
Nil
Nil
Nil
Nil
Nil
1,500 00
1914
3,058 82
1915
3,000 00
1916
2,941 18
1917
4,000 00
1918
4,000 00
1919
4,000 00
1920
4,000 00
470
6,000
Nil.
Nil.
HULGKAVE AXD CAXSO
Hugh Caxx & Sox
Contract No. 53.
T. & C. File No. 25837.
Vote 175. — Mulgrave and Canso, steam service hetiveen —
1920-21 $11,500
1921-22 11,500
Contractors. — Hugh Caiin & Son, Ltd., of Yarmouth, N.S.
Date of Contract.— June 22, 1920.
Duration of Contract. — April 1, 1920, to March 31, 1921.
Service. — Daily (Sundays excepted).
Ports of Call.— Tort Mulgrave and Canso, N.S.
Withdraival for Repairs. — The steamer E. G. Cann may be withdrawn for repairs
for one month in each year. During such withdrawal the service shall be performed
by such steamer other than the Malcolm Ccmn or the Percy Cann as may be approved
by 'the Minister.
Wind and Ice. — In the event of any trip or trips being missed on account of wind,
fog, snow or ice upon satisfactory evidence being submitted to the Minister, he may
direct that no deduction be made from the subsidy otherwise payable for the trip so
missed.
Government Wharves. — Steamer must call whenever possible.
Suhsidy. — $11,500 per annum, payable in quarterly instalments in July, October,
and January, and upon completion of the service.
(a) One-quarter of the subsidy otherwise payable shall be deducted when the
contractors fail to make connections with the Intercolonial Railway at Mulgrave for
both eastbound and westbound traffic in summer, and westbound traffic in winter, in
sufficient time to permit of the transfer of passengers, mails and express shipments;
but such penalty shall not' be inflicted when the contractors are able to satisfy the
Minister that the connection has been missed owing to wind, fog, snow or ice.
46
TRADE A.YD COMMERCE
11 GEORGE V, A. 1921
(h) $500 of the subsidy shall be (IrthietoJ should the contractors not place on the
said route a substitute steamer other than the Malcolm Cann or the Percy Cann when
the Bobert G. Cann is taken off the said route for repairs as hereinbefore stipulated.
Mails. — To be carried free.
Distance. — Canso to Mulgrave, 24 miles.
DESCRIPTION OF VESSEL EMPLOYED.
Dimensions.
Tonnage.
"2
Built.
Name.
o
o
j:
>>
p^
^
At
In
Of
c
o
1
4^
m
to
O
u
o
OQ
Ft.
Ft.
Ft.
Robert G.
Cam
119
24-6
9-4
111
265
Not
stated
100
42
11
Shelburne, N.S.
1911
Wood.
TRAFFIC RETURNS.
Calendar Year.
1912
1913
1914
1915
1916
1917
1918
1919
1920
No. of round
trips run.
302J
302
296^
307
305
306
295
294
293^
Total.
No. of
Passengers
carried.
In
Out
3,529
3,577
3,795
5,303
4,897
4,580
4,251
4,820
2,184
2,254
4,438
Tons of
Freight
cai-ried .
3,281
4.009
3,. 356
3,963
4,295
6,873
5,232
4.266
1,856
1,991
3,847
Live
Stock.
Nil.
Nil.
13
12
Nil.
609
Nil.
Nil.
Nil.
Nil.
Nil.
Bags
Mail.
2,792
3,282
3,724
4,036
2,852
2,407
3.777
Nil.
4,957
4,957
Subsidy
Paid.
% CtE.
6.000 00
6,250 CK)
6,500 00
6,. 500 00
6.500 00
6,500 00
6,500 00
8,750 00
10,786 85
MULGKAYE AXD GUYSBOROUGH
The Elaine Ste.\mship Co., Ltd.
Contract No. 54.
T. & C. File Xo. 254S.3.
Vote 17G. — Mulcjrave and Guyshorough , calling at intermediate ports, steam service
hetween —
-1020-21 $7,500
1921-22 7,500
Contractors.— The Elaine Steamship Co., Ltd., Halifax, N.S.
Date of Contract.— ^lay 2.5, 1920.
Duration of Contract.— Apri] 1, 1920. to ^Vfarch 31. 1921.
STEAM SHI r SUBSIDIES
47
SESSIONAL PAPER No. 10a
Service. — Daily (except 'Sundays).
Ports of Call — Port Mulgrave and Guysborough, calling at Queensport every trip
from Guysborough to Mulgrave and three times each week on return trips to Guys-
Dorough on those days on which the steamer is not required to proceed to Boylston.
Trips to Boylston shall be made three times each week, during the season o£ open
navigation.
Repairs. — The steamer may be withdrawn one month during each year for repairs,
etc. During such withdrawal the service shall be performed by such steamer as may
be approved by the ]\Iinister.
Wind. Fog, Snow or Ice. — If any trip be missed on account of wind, fog, snow or
ice, no deductions may be made from the subsidy otherwise payable for the trip so
missed.
Suhsidy. — $7,500 per annum, payable quarterly,, iii July, October, January and
April.
(a) One-quarter of the subsidy otherwise payable shall be deducted when the
contractors fail to make connections with the Intercolonial Eailway at 3Iulgi-ave for
both eastbound and westbound traffic in the summer season and westbound traffic in
the winter season in sufficient time to permit of the transfer of passengers, mails and
express shipments, unless the connection has been missed owing to wind, fog, snow or
ice.
Mails. — To be carried free.
DISTANCES
Miles.
Guysborough to Mulgrave (via Queensport) 29?-
MMlgrave to G-uysiborough (direct) 25''
Guysborough to Boylston ' 5
DESCRIPTION OF VESSEL EMPLOYED.
Name.
Westport III.
Dimensiohs.
Tonnage.
1
eS
-o
O
«- £
g
M
o
h-5
T3
2
J2
o
Q
1
E
1
11
to o
r
Ah
X
O
in
Ft.
Ft.
Ft.
loi
21
9
49
140
70
35
24
10
Buih.
At
Shelburne.
In
1903
Of
Wood ,
TRAFFIC RETURNS.
Calendar Year.
No. of round
trips run.
No. of
Passengers
carried.
Tons of
Freight
carried .
Live
Stock.
Bags
Mail.
Subsidy
Paid.
1912
3081
294^
2971
308
264
294
271
252
225
Total
4,165
4,068
3,812
4,037
3,670
3,504
3,230
2,584
In 822
Out 926
1,211
2,092
1,815
1,679
1,600
2,803
2,784
1,953
935
671
Nil.
Nil.
Nil.
Nil.
Nil.
Nil.
Nil.
1
Nil.
2
1,425
2,215
3,052
3,440
2.722
2.248
3,161
2,622
719
Nil
.1
6,000 00
5.110 58
5,500 00
5,. 500 OQ
5,041 66
5.500 00
5,500 00
6,218 62
5,. 507 29
1913
1914
1915
1916
1917
1918
1919 ...
1920
1.748
1,606
2
719
48
TRADE AND COMMERCE
11 GEORGE V, A. 1921
NEWCASTLE, NEGUAC AND ESOUMINAC, laRMnCHI RIVER AND
MiRA:Nn:cHi bay
MiRAMiCHi Steam Navigation (Company, Ltd,
Contract No. 49.
T. & C. File a56ft5.
Vote 177. — Newcastle, Neguac and Escuminac, calling at all intermediate points on
the Miramichi River and Miramichi Bay, steam service between —
1920-21 $3,000
1921-22 3,000
Contractors. — The Miramichi River Service, Ltd., of Chatham, N.B.
Date of Contract.— Maj 12,. 1920.
Duration of Contract. — From the opening to the close of navigation in 1920.
Service and Ports of Call. — On Mondays, "Wednesdays and Fridays: From New-
castle, to and calling both ways at Chatham, Lower Newcastle, Loggieville, Oak Point,
Church Point, Escuminac, Neguac and Mills Point Wiharf.
On Tuesdays, Thursdays and Saturdays : From Newcastle, to and calling both ways
at Chatham, Lower Newcastle, Loggieville, Oak Point, Bale du Vin, Church Point
and Neguac.
The calls at Lower Newcastle and Mills Point Wharf are conditional upon the
completion of the wharves at the respective points.
Calls at Escuminac are to be made during favourable weather in the salmon-
fishing season. When, owing to unfavourable weather, the steamer does not call at
Escuminac, calls shall be made at Hardwick.
Government Wharves. — Steamer must call whenever possible.
Subsidy. — $3,000, payable in two equal instalments, on September 1 and on the
completion of the contract.
Mails. — To be carried free.
DISTANCES.
Miles.
Newca^le to Chatham 5
Chatham to Logg-ieville 5
Loggieville to Oak Point 7
Oak Point to Burnt Church. . .. 9
Burnt Church to Bay du Vin 10
Bay du Vins to Escuminac 13
Escuminac to Neguac 1"
Total 66
DESCRIPTION OF VESSEL EMPLOYED.
Dimensions.
Tonnage.
o
Built.
Name.
u £
j:
>.
o o
PL,
At
In
Of
M
S
o.
_^
CO
O
1
a
2
o
u
e3
c3
•
f^
Q
^
o
o
Ok
^
cc
Ft.
Ft.
Ft.
Knot.«!
Alexandra
97
24-5
9
136
200
50
400
38
10
Chatham
1902
Wood.
STEAMSHIP SUBSIDIES
49
SESSIONAL PAPER No. 10a
TRAFFIC RETURNS.
Calendar Year.
No. of round
trips run.
No. of
Passengers
carried.
Barrels of
Freight
carried.
Live
Stock.
Mail
Bags.
Subsidy-
Paid.
1912
175
189
160
186
180
172
177
165
153
7,314
8,228
7,756
7,762
8,478
7,848
7,070
8,278
1,764
1,960
1,921
2,404
2,414
2,275
2,426
2,558
23
56
32
37
44
36
40
24
552
557
510
594
560
544
560
508
2.500 00
1913
2,500 00
1914
2,262 00
1915
2,500 00
1916
2,500 00
1917
2,500 00
1918
2,500 00
1919
3,000 00
1920
No statistics available.
3,000 00
PELEE ISLAND AND THE 3^IAINLAKD
The Windsor and Pelee Island Steamship Co., Ltd.
Contract No. 52.
T. & C. File 25417.
Vote 178. — Pelee Island and the Mainland, steam service between —
1920-21 $8,000
1921-22 8,000
Contractors. — The Windsor and Pelee Island Steamship Co., Ltd., Scudder P.O.,
Pelee Island, Ont.
Date of Contract.— April 1, 1920.
Duration of Contract. — From the opening of navigation in 1920 to March 31, 1921.
Service and Ports of Call. — Six round trips each week, weather (permitting, during
the months of April, May, June, September and October, and five round trips each
week during July, August and November, between Pelee Island and the mainland,
calling on each trip at Kingsville and Leamington, Ont.
Tariff Bates. — Passenger rate for the trip between Pelee Island and Kingsville
or Leamington or vice versa, $1 ; and for the trip between Pelee Island and Windsor
or vice versa, $1.50.
Freight rates are to be same as those contained in a schedule attached to the
contract.
Government Whai'ves. — Steamer must call whenever possible.
Subsidy. — $8,000, payable in equal instalments on the last days of June, September.
December and March.
Mails. — Are to be carried during open navigation between the post offices of Pelee
Island, Pelee Island South and Scudder, and such post offices on the mainland as may
be designated by the Postmaster General.
DISTANCES.
Miles.
Kingsville to Leamington 8
Leamington to Petee Island 16
Pelee Island to Windsor 53
Total 77
10a-
50
TRADE AM) COMMERCE
11 GEORGE V, A. 1921
DESCRIPTION OF VESSEL EMPLOYED.
Dimensions.
Tonnage.
e
.2
Built.
Name.
C '^
:5
■5
1
1
o
2
o
>>
2
a.
c5
PL,
1
a
•J.
At
In
Of
Ft.
Ft.
Ft.
Knots
Pelee
145
24
13
242
537
389
58
13
Collingwood ....
1914
Steel .
TRAFFIC RETURNS.
Calendar Year.
No. of
Round
Trips run.
Passengers.
Freight.
Lumber.
Live
Stock.
Mails.
Subsidy
Paid.
Bags.
Sacks.
1912
184
185
187
241
236
231
205
218
2111
Total
No.
5,. 300
6,167
3,672
3,825
3,987
3,761
4,. 546
5,662
In 2,886
Out 3,054
Tons.
3,667
4,007
3,469
3,580
2,700
2,696
1,867
2,757
848
1,556
Feet.
Nil.
147,000
169,000
174,000
98,000
89,000
167,000
154,000
166,000
Nil.
447
660
571
1.010
1,065
1,101
561
913
15
1,290
977
1,431
562
765
732
872
500
662
392
389
392
708
455
726
644
583
676
972
782
21
S
5,000
1913
5,000
1914
7,000
1915
8,000
1916
8,000
1917
8,000
1918
8.000
1919
8,000
1920
8,000
5,940
2,404
166,000
1,305
781
803
STEAMSHIP SUBSIDIES
51
SESSIONAL PAPER No. 10a
SCHEDULE OF FREIGHT RATES
Kingsville
and
Windsor.
Leamington.
$ cts.
$ cts
0 10
0 12
0 12
0 15
0 30
0 30
0 75
0 75
0 85
0 85
0 35
0 35
0 25
0 25
2 50
2 50
2 25
2 25
0 75
0 75
0 65
0 65
0 25
0 25
3 50
3 50
3 GO
3 00
0 40
0 4C
0 50
0 50
0 20
0 20
0 40
0 40
1 75
1 75
2 50
2 50
2 00
2 00
1 50
1 50
0 45
0 45
^ 0 40
0 40
0 85
0 85
0 85
0 85
0 75
0 75
0 60
-0 60
0 SO
0 80
1 00
1 00
1 20
1 20
1 GO
1 60
2 00
2 00
2 40
2 40
0 35
0 35
3 00
3 00
5 00
5 00
6 00
6 00
0 50
0 50
0 55
0 55
0 50
0 50
0 35
0 35
0 25
0 25
0 25
0 25
2 50
2 50
0 40
0 40
0 45
0 45
0 05
0 05
2 50
2 50
1 50
1 50
0 25
0 25
0 25
0 25
0 14
0 14
5 00
5 00
3 00
3 00
0 10
0 12
0 12
0 15
0 75
0 75
1 00
1 00
Grain and potatoes, per cwt., car lots
Grain and potatoes, less than carload
Fruit in baskets, per cwt •.
Wine, per bbl
Oil , per barrel . . .
Salt and flour, per bbl
Minimum charge on one parcel
Any one animal, horse or cattle up to five, each
Any additional animal over five
Hogs and sheep up to ten, each
Hogs and sheep over ten, each
Groceries and hardware, per cwt ..,
Lumber, per M ft. up to 5 M ft
Over 5 M It
Shingles, per M
Laths, per M
Gristing, per bag, returri
Tobacco, per cwt .^
Buggies, set up, each
Buggies, crated, each
Coal, per ton
Coal, per ton, in carload lots
Farm machinery, per cwt
Flour, per barrel
Lubricating oils, per barrel
Linseed oils, per barrel
Turpentine, per barrel
3 inch tile, per 100
4 " "
o " "
6 " "
8 " "
10 " "
12 " "
Fish, per cwt
Automobiles, one way, including driver
Automobiles, return, including driver
Brick, per M
Lime, per barrel
( 'ement , per barrel
Cement, carloads
Beer, per case
Pop, per case
Eggs, per crate
Hay and straw, per ton
Wool, per cwt
Hides, per cwt
Fence posts, each
Wagon, empty
Stone, per ton
Hard wall plaster, per cwt
Scrap iron, per cwt
Cauliflower, per cwt
Pianos, each
Organs, each
Onions, in carloads
Onions, less than carloads
Poultry, in crates, per cwt
Poultry, not crated, per cwt
PAS.SEXGER FARES
Between Pelee Island and Leamington and Kingsville — Single.
$1 00
]0a — ii
52 TRADE AND COMMERCE
11 GEORGE V, A. 1921
MULGKAVE, ARICHAT AND PF:TIT DE GRAT
The LaHave Steamsiiii' Co., Ltd.
(Contract Xo. 20.
T. & C. File Ko. 2.5421.
Vote 179. — Mulgrave, Arichat and Petit de Grot, steam service hetu'een —
1920-21 ' $9,000
1921-22 ; . 9,000
Contractor. — The LaHave Steamship Co., Ltd., of West LaHave, N.S.
Date of Contract.— A]pTil 3, 1920.
Duration of Contract.— A])v\l 1, 1920, to March 31, 1921.
Service and Ports of Call. — One full trip each, way daily (Sundays excepted)
between Petit de Grat and Mulgrave, callinor on all trips both, going and coming at
Arichat and West Arichat.
Wind and Ice. — In the event of any trip or trips being missed on account of wind
rr drifting ice, no deduction may be made from the subsidy otherwise payable for the
Irips so missed.
Government Wharves. — 'Steamer must call whenever possible.
Suhsidy. — $9,000, payable quarterly in July, October, January and April.
Repairs. — The steamer may be laid ofi during the month of August, 1920, for
repairs, inspection, cleaning, painting, etc., and may also be laid oflf during the month
of February, 1921, at the contractor's option. During the month of August, while the
Tussle is laid off, the contractors shall run three round trips a week, with a substitute
vessel.
Mails. — To be carried free.
DISTANCES
Petit de Grat to Arichat..
Arichat to "West Arichat . .
"West Arichat to Mulgrave.
Total
DESCRIPTION OF VESSEL EMPLOYED.
Miles.
7
18
33
Dimensions.
Tonnage.
1
05
Built.
Name.
o
^
.c
:?
^P
A^
At
In
Of
i
^
13
"a
Q
m
2
O
Ft.
Ft.
Ft.
knots
Tussle
83-2
20-5
9-8
67
151
100
25
28
10
Lunenburg, N.S.
1915
Wood
STEA MSHIP SUBSIDIES
53
SESSIONAL PAPER No. 10a
TRAFFIC RETURNS
Calendar Year.
No. of round
trips run.
No. of
Passengers
carried.
Tons of
Freight
carried.
Live
Stock.
Mail
Sacks.
Subsidy-
Paid.
♦Jan. 1 toMav4. 1912
May 13 to Dec. 31, 1912
1913
96J
1901
2811
2761
275i
241
2171
265
242§
166
747
2,361
3,160
2,569
2,140
2,392
1,535
1,969
2,108
In 878
Out.. 1,508
285
673
1,070
835
832
1,009
1,106
1,541
2,051
524
351
121
Nil.
2
Nil.
Nil.
Nil.
Nil.
Nil.
">
4
3
236
1,401
2,672
3,354
2,944
2,485
2,235
3,075
3,503
1,333
1,279
$
472 22
3,149 04
5,588 60
6,750 00
7,000 00
6,125 00
5,512 43
7,000 00
6,107 58
7,562 50
1914
1915
1916
1917
1918
1919
1920...
Total
2,386
875
7
2,612
N.S
*From 1907 to May 4, 1912, the service was performed by Messrs. Hugh Cann & Son, of Yarmouth;
PICTOU AND MO'NTAiGUE
Georgetown S. S. Co., Ltd.
Contract No. 19.
T. & C. File No. 25182.
Vote 180. — Pictou and Montague, callhig at Murray Harbour and Georgetown, steam
service between —
19'20-21 $6,000
1921-22.. 6,000
Contractor. — Georgetown Steamship Co., Ltd., of Pietou, N.S.
Date of Contract.— Kvixch. 25, 1920.
Duration of Contract. — From the opening to the close of navigation in 1920.
Service and Ports of Call. — Two round trips each week (or three romid trips
each week, at contractor's option), sailing from Montague, calling at Georgetown and
Beach Point, P.E.I., and Pictou, N.S., returning to Beaeh Point, Georgetown and
Montague, and making one call each week at Cardigan, Newport and Murray Harbour
North. Calls shall be made at Murray Harbour upon each trip, each way, at the
minister's option, on evidence being produced that such calls are necessary.
Subsidy. — $6,000 for the season, payable in three instalments.
Mails. — To be carried free.
Government Whai^ves. — Steamer must call whenever possible.
DlSrPANCHS
Miles.
Pictou to Montague 47
Montague to Cardigan ' 22
Montague to Murray Harbour 20
Murray Harbour North to Pictou ' .. 68
Georgetown to Pictou 40
Montague to Lower Montague 4
Lower Montague to Georgetown 2
Cardiga-n to Newport 4
54
Tll\l)i: AM) COMMEIiCE
11 GEORGE V, A. I92l
DESCRIPTION OF VESSEL EMPLOYED.
Dimensions.
1
'onnage.
s
.2
"S
Built.
Name.
u2
43
-3
X.
m
"S
11
At
In
Of
o
(5
a
o
O
"^.<
&.
^
o
a
Ft.
Ft.
Ft.
knots
Magdalen
98-6
21-6
8-8
91
134
150
18
28
10
Shelburne, N.S.
1884
and
1906
Wood
TRAFFIC RETURNS
(alendai- Year.
No. of round
trips run.
No. of
Passengers
carried.
Tons of
Freight
carried.
No. of
Live
Stock.
Carried
Bags
Mails.
Subsidv
Paid.'
1912.
98
111
97
96
85
84
43
61
68
1,739
2,132
1,885
1,926
1,455
1 , 562
1,497
1 , 544
In 1,142
Out 1,011
5,6.34
4,785
5,126
4,892
5,468
5,956
1,040
1,890
759
432
409
242
423
230
88
72
62
107
26
15
303
457
417
393
124
15
Nil.
Nil.
Nil.
Nil.
$ ots
6,000 00
1913.
6.000 00
1914.
6.000 00
1915.
6,000 00
1916 ;
5,684 21
1917.
6,000 00
1918
3,. 580 00
1919
6,000 00
1920.
6,000 00
Total ' . . .
2,153
1,191
41
Nil.
PICTOr, MITLGRAVE AND CHETICAMP
Contract No. 16.
T. & C. File Xo. 25664.
Vote ISl. — Pictoit, Midfjrari' niiil Chi'llvmni). sicam service hctween —
1920-21.
1921-22.
.7,500
7,500
Contractor. — ■Iloderick McDougall, of Port Jlood, X.S.
Date of Contract.-^Maj 15, 1920.
Duration of Contract. — From the opening- to the close of navigation, 1920.
Service and Ports of Call. — (a) 12 round trips during the season between Pictou
and Mulgrave, calling both ways at Arisaig, Georgeville, Cape George, ^Morristown,
]\la.lignant Cove, Livingstone Cove, Ballantyne Cove and Cribbin's Point.
{h) Two round trips each week between JNFulgrave and Cheticamp, calling both
ways at Port Hastings, Port liawkesbury, Port Hood, Port Hood Island, Margaree
Harbour, Grand Etang, and Eastern Harbour, making- 50 round trips during the
N tj: A 1/ N 77 / /• N uns H)i ns
55
SESSIONAL PAPER No. 10a
season; ;wid calling- once each week at Pleasant Bay, and whenever passengers or
freight are oftered and whenever required by the minister at Henry Island, Mabou
Mouth, Inverness, Eed Cape and Port Bain, as well as at such other port or ports,
place or places en route as the minister may direct.
(c) If so required by the minister eight round trips during the sea,son between
Souris and Mulgrave may be substituted for eight round trips between Pictou and
^[ulgrave aforesaid, calling both ways at Arisaig, Georgeville, Cape George, Morris-
town, ]\ralignant Cove, Livingstone Cove, Ballantyne Cove and Cribbin's Point, of
which one trip shall be made in June, two in July, two in August, one in 'Septeinber
and two in October.
Regular semi-weekly connections are to be maintained with the Canadian Xational
Eailways at Mulgrave, and the Plant Line steamers at Ilawkesbury.
Suhsidii. — $7,500 payable in equal instalments on the first days of July and
October and on the completion of the service.
Mails. — To be carried free.
Liovernmcni WJiarvrs. — Stei^nior must call wluMicver possible.
DISTANCES
Souris to Arisaig
Pictou to Arisaig-
Arisaig: to JVPalignant Cove. . .
JMialignant Cove to Georg-eville.
Georgeville to Living'stone. . .
Livin^g-stone to Bal'lantyne. . . ,
Ballantyne to Morristown . . . .
Alorristown to ^lu'lgrave
Mulgrave to Hawkeslbury. . . .
Hawkes'bury to Hastings. . . .
Ha.stings to Port Hood
Port .Hood to :Mabou CMouth . . ,
Mabou Mouth to Port Bain. . .
Port Bain to Inverness ,
Inverness to Red Ca,pe
Red Cape to Margaree
]Margaree to Gi-^nd Etang. . . .
Grand Etang to Cheticama). • .
Chc'ticanip to Pleasant Bay. . .
Total
DESCRIPTION OF VESSEL EMPLOYED
Mi
les.
SS
24
.5
4
Ifi
10
27
11
in
10
19
Dimension.
Tonnage.
Built.
1
-a
■c
Name.
c
X
:=
,
>.
0,
ai
At
In
Of
B
a.
"£
p
a
a
is
K
c
c
m
C
^
V^
O
p.
"Z
W
Ft.
Ft.
Ft.
Kinburn
114 23-5
10-5
79
168
40
28
10
Mahone Bay,
N.S.
1910
Wood
56
TRADE AND COMMERCE
TRAFFIC RETURNS.
11 GEORGE V, A. 1921
Calendar Year.
No. of
Round
Trips
Run.
Number
of Passengers
carried.
Tons of Freight
carried.
Number
of
Live Stock.
Bags Mail.
Subsidy Paid.
Weight.
Measure-
ment.
1912
86
84
64
67
66
66
62
65
65
715
904
550
315
633
343
493
824
In.... 283
Out... 171
3,609
2,687
535
1,145
1,311
922
3,125
9,000
1,765
680
Nil.
Nil.
Nil.
Nil.
Nil.
545
Nil.
Nil.
Nil.
Nil.
998
257
Nil.
Nil.
Nil.
Nil.
Nil.
Nil.
Nil.
Nil.
Nil.
Nil.
Nil.
Nil.
Nil.
Nil.
Nil.
Nil.
Nil.
Nil.
$ cts.
6,718 75
1913
7,000 00
1914
5,942 70
1915
5,566 26
1916
8,106 39
1917
7,500 00
1918
7,500 00
1919
7,500 00
1920
7,500 00
Total.
454
2,445
Nil.
Nil.
Nil.
PICTOU, NEW GLASGOW AN^D ANTIGONISH COUNTY PORTS
J. W. Smith
Contract No. 75.
T. & C. File No. 25828.
Vote 182. — Pictou, New Glasgoiv and Antigonish County Ports, schooner service
between —
1920-21 $1,500
1921-22 1,500
Contractor. — James Wilson Smith, of Pictou, N.S.
Date of Contract.— June 30, 1920.
Duration of Contract. — From the opening to the close of navigation (November
1), 1920.
Service and Ports of Call. — One round trip each week from Pictou, calling at
New Glasgow, Lismore, McAra's Brook, Arisaig, Malignant Cove, Georgeville, Liv-
ingstone Cove, Ballantyne Cove, Morristown Wharf, Bayfield, Tracadie and Havre
au Boucher. The call at Tracadie is contingent upon there being sufiicient depth of
water at the wharf there.
Government Wharves. — Steamer must call whenever possible.
Subsidy. — $1,500, of which $750 is payable on August 1, and the balance upon
the completion of the service.
Maih. — To be carried free.
DLSTAjNCBS
Miles.
New Glasgow to Pictou 9
Pictou to Lismore 17
Lismore to McAra's Brook. 3
McAra's Brook to Arisaig 3
Arisaig to MaMgnant Cove 4
Malignant Cove to Georgeville • 4
Georgeville to Livingstorije Cove
Livingstone Cove to Ballantyne Cove '^
Ballantyne Cove to Morristown 1
Total ^^
STEAMSHIP SUBSIDIES 57
SESSIONAL PAPER No. 10a
DESCRIPTION OF VESSEL EMPLOYED.
Dimensions.
Tonnage.
e
O
as
i§
Ph"
1
a
Built.
Name.
"G
c
4)
1-5
03
P5
a
Q
o
O
'S
o
At
In
Of
Ryse
Ft.
47-3
Ft.
12-8
Ft.
6
20
20
28
Nil.
30
knots
8
Shippegan
Rebuilt
Souris
1889
1914
Wood
This vessel is a schooner, fitted with an auxiliary gasolene engine.
TRAFFIC RETURNS
Calendar Year.
No. of round
trips run.
No. of
Passengers
carried.
Tons of
Freight
carried.
Live
Stock.
Mails.
Subsidy
Paid.
1913
42
24
26
26
26
23
Nil.
Nil.
Nil.
Nil.
472
540
660
253
565
J.
290
60
380
Nil.
Nil.
Nil.
Nil.
Nil.
Nil.
Nil.
Nil.
Nil.
Nil.
Nil.
Nil.
Nil.
Nil.
Nil.
Nil.
$
$ 500
1914
1,000
1915
1 000
1916
1,000
1917
1,000
1918
No service was nerformec
1919
20
28
Nil.
In Nil.
Out Nil.
1,500
1920
1 500
Total
Nil.
440
Nil.
Nil.
POET MULGEAVE, ST. PETEE'S, lEISH COVE AND MAEBLE MOUNTAIN
EiciiMoisD Steamship Company
Contract No. 2'6.
T. & C. File 25538.
Vote 183. — Port Mulgrave, St .Peter's, Irish Cove and Marble Mountain, and other
ports on the Bras d'Or Lakes, steam service between —
1919-20. $6,500
1920-21 6,500
Contractors. — The Eiclimond Steamship Company, of Sydney, N.S.
Date of Contract.— kv^W 22, 1920.
Duration of Contract. — From the opening to the close of navigation 1920.
Service and Ports of Call.— Two full round trips each week between Port
Mulgrave, Poulamond, Grandique, Eiver Bourgeois, St. Peter's, Johnston's Harbour,
Irish Cove and Grand Narrows; and four full round trips each week between Grand
Narrows and Marble Mountain, two of which each week are to extend to West Bay.
Government Wliarves. — Steamer must call whenever possible.
58 TRAhi: A\n COMMERCE
11 GEORGE V, A. 1921
Siihfiidy. — $6,500 per aimuni, payable in -luly, October, Decenibcr and at the close
of the service.
Mails. — To be carried free.
DlST.VNCiOS
-Miles.
Grand Narrows to MurVjle ^Mountain IS
♦' West Bay 31
Irish Cove H
" .lohnston's Hailbour l'.»
St. Peter's 31
'• Grandique 44
Mulg'Pave 65
DESCRIPTION OF VESSEL EMPLOYED
Dimensions.
Tonnage.
Built.
,
cj
■^
Name.
u s
a
ti
c
-5
a.
c
o
ca
as
ii
m
XT.
o
c
At
In
Of
'
Ft.
Ft.
Ft.
Richmond.. . .
112-5
18
8-25
105
162
Ih
100
21
9
1905
\\ood
TRAFFIC RETURNS
Calendar Year.
No. of round
trips run.
No. of
Passengers
c-arried .
Tons of
Freight
carried.
Live
Stock
carried .
Mails.
Subs if I V
Paid."
1910
214
224
197
2081
233
214
212
152
183
2,274
2,180
1,250
1 , 360
1,.390
1,680
1 , 580
970
In 687
Out 533
735
074
475
467
483
585
700
430
400
250
28
35
10
15
23
18
35
6
Nil.
12
Nil.
Nil.
Nil.
Nil.
Nil.
Nil.
Nil.
Nil.
Nil.
Nil.
IS cts.
0,000 00
1913.
5,920 50
1914
6,500 00
1915
6,500 00
1916.
6,500 00
1917.
6,500 00
1918
8,500 00
1919.
5,979 96
igoQ
6,207 04
Total
1,220
710
12
Nil.
PICTOU, SOURIS AND TflE MAGDALEN ISLANDS
Waj. C. Lksi.ti:
Xoie ISk- — Virion, Souris diul iJic Mdf/ilnh-ii Isbnids. shunn srrrirp hefircen —
1920-21 ^'c' note heloir
1921-22 $20,000
(In 1920-21 this serrice «'fl.s -indHilcil in I lie vote of .pO.OOO. for srrri.rr.'^ hctu-cen
(Juehec and the NortJi, and South Shores of the (lulf of SI. Lairrencp. and
hefircen Pirtou and the Magdaten Islan(h.)
Contrarlor. — AVni. C". Leslie.
STEAMSHIP SUBSIDIES
59
SESSIONAL PAPER No. 10a
Date of Contract. — March 8, 19'21.
Duration of Contract. — From the openintr of navigation, 1921, to the close of
navigation, 1925.
Service and Ports of Call. — A regular semi-weekly service between Pictou,
Souris and the Magdalen Islands, as follows : —
(a) First trip each week: From Pictou, calling at Souris, Etang du Nord,
Amherst, Grindstone and Pointe Bosse, returning to Grindstone. Amherst, Souris and
Pictou.
(h) Second trip each week: From Pictou, calling at Souris, Amherst, Grind-
stone, Pointe Bosse and Grand Entry, returning to Pointe Bosse, Grindstone.
Amherst, Souris and Pictou.
(c) Four trips each year are to be made, in place of four of the regular semi-
weekly trips aforesaid, from Pictou to Souris, Wfest Point (to land Amherst mails),
Etang du ]!^ord, Bryan Island. Pointe Bosse, Grindstone, Amherst. Souris and Pictou.
Suhsidy. — $24,000 per annum, payable as follows : On July 1 and October 1 in
each year, $8,000; and on the close of navigation in each year, $.'^,000.
Mails. — To be carried free.
DISTANCKS
Mainland and Mag-dalen Island Service —
Pictou to Souris
Souris to Etang d'u Nord
Etang du Nord to Aunherst
Amherst to Grindistone
Grindstone to Pointe Basse
Pointe Basse to Grand Entry
Total
Etang du Xord to Br\-an Island ,
DESCRIPTION OF VESSEL EMPLOYED.
Miles
76
is;
^
O
Dimensions.
Tonnage.
Built.
"^
C
Name.
^_
U ^
^ c
u:
-
5
a
d
S3
^^8
K
c
Ai
In
Of
03
S3
ft
hJ
K
C
/C
\^
c
Ph
^
ai
Feet
Feet
Feet
30
R. VV. Hendry
.. 152
29
111
300
.500
coo
and
2.5
12
Gilbert's Cove,
N.S.
1921
Wood.
60
TRADE AXD COMMERCE
TRAFFIC RF/rURNS.
11 GEORGE V, A. 1921
C'alendar
Year.
No. of
Round
Trips run.
Number of
Passengers
carried.
Tons of
Freight
carried.
Live Stock.
Mails.
Subsidy
Paid.
Lock Bags.
Tied Sacks.
1907
1908
58
61
62
70
61
64
68
61
60
52
54
43
53
54i
Total
880
1,357
1,168
1,394
1,416
1,109
642
1,380
633
1,714
1,913
1,379
1,651
In 822
Out 1,130
5,900
4,472
1,419
6,048
6,173
7,433
6,905
4,802
8,462
6,591
8,860
4,932
9,500
1,870
4,110
Not given.
18
944
1,109
1,269
508
727
811
174
26
69
130
119
40
129
Not
2,952
3,027
2,932
2,551
2,875
3,509
2,788
2,505
2,267
2,966
3,083
2,497
1,176
1,368
given.
Nil.
169
340
308
880
482
921
1,297
1,239
505
1,393
1,469
1,018
48
$ cts.
15,000 00
15,000 00
1909
12,000 00
1910
15,000 00
1911
15,000 00
1912
14,807 70
1913
15,000 00
1914
18,000 00
1915
17,769 23
1916
14,000 00
1917
17,769 23
1918
18,000 00
1919
18,000 00
1920
16,934 45
1,952
5,980
169
2,544
1,066
The steamer Scotshurn was also chartered from Hendry, Ltd., for one single
trip, commencing on December 18, 1920, for $2,400. She carried 245 tons of freight.
The Stanley also made two trips.
From 1909 to 1915 inclusive this service was i>erformed by Wm. McLure, of
Pictou, N.S.; in 1©16 and 1917 by the Magdalen Islands SS. Co., Ltd.; in 1918 by
J. A. Farquhar & Co., Ltd., of Halifax; and in 1919 and 1920 by the Gulf of St.
Lavrrence Shipping and Trading Co., of Quebec.
QUEBEC, NATASHQUAN AXD HARRINGTON
Clarke Bros.
Vote 185. — Quebec, Natashquan and Hai-rington, and other points on the North Shore
of the Gulf of St. Lawrence, steam service between —
1920-21 'S^ee note helow
1921-22 $50,000
QUEBEC, MONTREAL AND PASPEBIAC
Clarke Bros.
Vote 186. — Quebec, Montreal and Paspebiac, and ports on the South Shore of the
Gulf of St. Lawrence, steam service between —
1920-21 See note below
1921-22 $30,000
(In 1920-21 these two services were included in the vote of $70,000 for steam services
on the North and South Shores of the Gulf of St. Lawrence, etc.)
The two preceding services (Votes 185 and 186) are covered by one contract.
Contractors. — Clarke Bros., Quebec, Que.
Date of Contract.— February 28, 1921.
STEAMSHIP SUBSIDIES
61
SESSIONAL PAPER No. 10a
Duration of Contract. — From the opening of navigation in 1&21 to the close of
navigation in 1925.
QUEBEC, XATASIIQUAX AND HARBIXGTOX SERVICE
Service and Ports of Call. — ^Three round trips each month from Quebec to
Natashquan, calling each way at Godbout, Franquelin River, Trinity Bay, Egg
Island, Pentecost, Clarke City, Seven Islands, Riviere aux Graines, Sheldrake,
Thunder River, Magpie, St. John River, Longue Pointe, Mingan, Eaquimaiix Point,
Piastre Bay and Natashquan, extending one trip each month to Harrington.
Subsidy. — $50,000 per annum, payable on June 1, August 1, October 1, and at
the close of navigation in each year.
Mails. — To be carried free.
DISTANCES
Quebec to Godibout .__
God/bout to Pt. des Monts
Pt. des Monts to Trinity Bay
Trinity Bay to Egg- Island
Egg- Inland to Pentecost
Pentecost to Shelter Bay
Shelter Bay to Clarke City
Cliarke City to Seven Islands
Seven Islands to Moisie
Moisie to Rivi&re aux Graines
Riviere aux Graines to She^Idrake
Sheldrake to Thunder River
Thunder River to Magpie
Magpie to iSt. John's River
St. John's River to Long Point
Long Point to Mingan
Mingan to Esquimaux Point
Esquimaux Point to Natashquan
Natashquan to Harrington
Total
DESCRIPTION OF VESSEL EMPLOYED.
Miles
224
8^
6
12?,
12
17
13
8i
18
35
12
18J
6
81
5
17
m
122 i
626?
s
Dimension's.
TON'X.\GE.
.0
Built.
•O
Name.
1
u "
c
Si
■a
«
o
e3
8.
e3
H
02
o
c
At
In.
Of.
hJ
m
P
Z
O
o
'Z
W
Ft.
Ft.
Ft.
North Shore.
206
281
13
480
811
500
50
and
50
122
lU
Newcastle
1896
Steel.
62
TRADE AXD COMMERCE
11 GEORGE V. A. 1921
TH.\1FI(; KKTIRNS.
C-'alcndar
Year.
No. of
Hound
Trips run.
No. of
Pa-ssengcrs
Carried.
Tons of
FreiKht
Carried.
Live Stock.
Mails.
Suhsidv
Paid.
1907
32
35
35
30
19
23
13
281
32
32
14
25
30
28
Total
2,508
2,695
2,359
2,996
1,803
2,330
2,033
2,285
3,081
4,013
1,114
773
1,215
In 1,026
Out 933
24,000
10,180
4,970
8,600
3,660
6,312
4,159
9,339
4,669
3,383
1,711
3,836
3,527
589
3,068
Not stated.
22
110
179
98
130
172
Nil.
Nil.
Nil.
Nil.
47
67
Nil.
71
Not stated.
? cts.
20,000 00
Lock
Bags.
Tied
Sacks.
190.S
1909
1,692
1,589
1,389
670
1,104
612
1,946
2,737
2,247
2,146
3,622
4,123
1,045
3,103
1,448
913
1,138
856
1,144
468
Nil.
Nil.
Nil.
Nil.
49
35
Nil.
Nil.
20,000 00
90 000 00
1910
1911
20,000 00
13.666 65
r? 214 28
1912
1913
13 812 50
1914
25 983 35
1915
og (){(0 00
1916
28 000 00
1917
' "^3 666 CO
1918
28,000 00
1919
30,000 00
30,000 00
1920
1,959
3,657
71
4,148
Nil.
From 1908 to 1918 inclusive the service was performed by Holliday Bros., of
Quebec; from 1914 to 1916 inclusive by the Canada Steamship Lines, Ltd.; in 1917
by the Gaspe and Baie des Chaleurs SS. Co., Ltd. ; in 1918 by G. F .Gibsone and J. E.
Bernier, and in 1910 and 1920 by the Gulf of St. Lawrence Sliipping' and Trading Co.
QIEBEC .AND I'ASl'KBIAC SKHVICE
Service and Porfs of Call. — Two round trips each month from Quebec (or ^font-
real, at the contractor's option) to Paspebiac, calling each way at Cap Chat, Ste
Anne des Monts, Mont Louis, Grande Yallee, Chlorydomes, Fox River, Griffin Cove,
Ause a Louise, Grand Greve, Douglastown, CJaspe Basin. !Malbaie, Perce, Cape Cove,
Grand River, Chandler, Xewport and Port Daniel ; and calling once each voyage,
either on up or down trip, at Mechins, Marsouins. Martin River, Claude River, St.
Antoine, Magdalen, Petite Yallee, Pointe Fregate, St. Yvon (Pointe Seche), Grand
Etang, Anse a Yaleau and Pointe Jaune, subject to favoiirable weatlier and water
conditions.
At the discretion of the minister, the contractors may be i)ermitted to omit from
time to time such emails at the above ports as may be deemed advisable, or to call
alternately or othervrise at such ports as may be required by the minister, having in
view the public interest, and the efficient despatch of passengers and freight.
Subsidy. — $30,000 per annum, i)ayab]e on Tune 1. August ], October 1, and on
the close of navigation in each year.
Mails. — To be carried free.
.S TEA 1/ .s' HIP S UB 8 IDIEFi
63
SESSIONAL PAPER No. 10a
DISTAiNCES
Montreal to Quela&c
Quebec to Mechins ,
Mechins to Cap Chat
Cap Chat to Ste. Anne dee Monts. .
Ste. Anne des Monts to Martin River
Martin River to Claude River
Claude River to Mont Louis'
Mont Louis to St. Antoine ,
St. Antoine to Lit. Madeleine ,
Lit. Madeleine to Cap Madeleine. . . .
Cap Madeleine to Grand Valley. . . .
Grand Valley to Pte. VaJllee
Pte. Vallee to Pte. Preg-ate
Pte. Fregate to Chlorydoanes
Chlorydomes to Pte. iSeohe
Pte. Seche to Grand Etang-
Grand Etang- to Anse a Valeau. . . .
Anse a Valeau to Pte. Jaune
Pte Jaune to Ltttle Fox River
Little Fox River to Fox River. . . .
Fox River to Griffin Cove
Griffin Cove to L'Anse ft Louise . . .
L'Anse a Louise to Cap Rosier. . . .
Caip Rosier to Grand Greve
Grand Greve to Douglastown
Douglastown to Gaspe Basin
Gaspe Basin to Mai Bay
Mai Bay to Perce
Perce to Cape Cove
Cape Cove to Grande Riviere
Grande Riviere to Chandler
Chandler to Newport
Newport to Port Daniel
Port Daniel to Pai5pet)iac
Total
DESCRIPTIOX OF VESSEL EMPLOYED.
Miles
139
222
13
9
1.5
11
6J
7i-
5
4
6i
35
4
5J
2ii
3"
6i
3
3
3
5J
4
2
11
5
2S
6
,S
9
5
7
11
19
5913
Dimension.s.
Tonnage.
c
_c
Built.
■A
1
Name.
c
u a
0
c
^
~
^^i
Ph
^
At
In
Of
M
0
0
0
a
is
K
0
PQ
Q
"^
0
U
CL,
^
Ft.
Ft.
Ft.
64
TRADE AND COMMERCE
TR.\FFIC RETURNS
BOUTH SHORE SERVICE
11 GEORGE V, A. 1921
Calendar Year.
No. of round
trips run.
No. of
Passengers
carried.
Tons of
Freight
carried.
Live
Stock.
Mail.
Subsidy
Paid.
1907
15
15
15
15
15
15
13
2
15
15
31
9
13
14
*13
2,275
2,225
1,806
1,631
1,801
2,605
1,510
228
1,523
1,233
1,224
373
166
210
In 4.34
Out 405
2,200
2,295
2,359
2,525
2,070
2.060
1.378
2,975
3.275
3,562
3,921
641
1,646
3,108
938
2,521
NiL
NiL
NiL
NiL
Nil.
Nil.
NiL
NiL
Nil.
Nil.
Nil.
Nil.
NiL
NiL
NiL
Nil.
Nil.
Nil.
NiL
NiL
Nil.
NiL
Nil.
NiL
NiL
NiL
NiL
Nil.
NiL
Nil.
Nil.
Nil.
$ Ct3.
8,500 00
1908
8.. 500 00
1909
8,. 500 00
1910
8,500 00
1911
8,. 500 00
1912
8,500 00
1913 (o) (Bouchard Bros,
service)
7,366 67
1913 (6) (These two trips
were made by the Gas-
pesien, of the Gaspe and
Baie des Chaleurs Line)
1914
1,133 33
8,500 00
1915
8,500 00
1916 .
8,500 00
1917
5,100 00
1918
8.500 00
1919
14.000 00
1920.
20.000 00
Total
839
3.459
Nil.
Nil.
• 11 trips were also performed by the "A. Tremblay," without subsidy.
ST. JOHN AOT) ST. ANDREWS, N.B.
Maritime Steamship Company, Ltd.
Contract No. 41.
T. & C. File No. 25744.
Vote 187. — Si. John, N.B., and St. Andreius, N.B., calling at intermediate points,
steam service hetween —
1920-21 $4,000
1921-22 4,000
Contractors — The Maritime Steamship Company, Ltd., of Black's Harbour, N.B.
- Date of Contract. — June 5, 1920.
Duration of Contract.— April 1, 1920, to March 31, 1921.
Service and Ports of Call. — A regular service between St. John and St. Andrews,
calling at Dipper Harbour, Black's Harbour, Back Bay, Letete, Deer Island, and St.
George.
One round trip per week is to be run throughout the year, as follows: —
(a) Leave St. John for St. Andrews on Saturday mornings, calling at Dipper
Harbour, Beaver Harbour, Black's Harbour, Back Bay or Letete, Deer Island and
Eed Store or St. George.
(6) Returning leave St. Andrews for St. John on Tuesday mornings, calling at
Letete or Back Bay, Black's Harbour, Beaver Harbour and Dipper Harbour.
STEAMSHIP SUBSIDIES
.65
SESSIONAL PAPER No. 10a
Government Wharves. — 'Steamer must call whenever possible.
Subsidy. — $4,000' per annum, payable as follows: On October 1, $2,000 and on the
completion of the service, $2,000.
Mails. — To be carried free.
DISTAiNCBS
St. John to Diiiiper Hai'bour.
" Beaver Hlarbour.
" Black's Hai-ibour.
'' Lord's Cove. . . .
Back Bay
" Letete
" St. Oeorge
" St. Andrew's. . .
Miles.
19
36
42
50
55
58
6S
80
DESCRIPTION OF VESSEL EMPLOYED
Dimensions.
Tonnage.
C3
_o
'-P
03
-d
o
g
ft
Built.
Name.
C
pq
J3
D.
a;
Q
CO
2
o
'S
ft
O
At
In
Of
Connors Bros.
Ft.
97
Ft.
21-6
Ft.
9
49
133
150
197
30
knots
8
Shelburne, N.S.
1904
Wood.
TRAFFIC RETURNS
Calendar
No. of
Round
Trips run.
Number of
Passengers
carried .
Tons of
Freight
carried.
Live Stock.
Mails.
Subsidy
Paid.
Lock Bags.
Tied Sacks.
1912
48
47
48
50
52
52
52
48
53
Total
1,095
1,091
1,121
1,276
1,275
1,289
1,280
1,630
In 472
Out 608
4,825
4,656
5,436
5,884
6,846
5,719
7,039
9,169
2,109
3,651
Nil.
Nil.
Nil.
Nil.
Nil.
Nil.
Nil.
Nil.
Nil.
Nil.
192
188
200
200
208
184
498
418
192
233
Nil.
Nil.
Nil.
6
12
22
12
12
4
44
.? cts.
3 769 ''S
1913
4 000 00
1914
4,000 00
4,000 00
4 000 00
1915
1916
1917
1918
1919
1920
4,000 00
4,000 00
4,000 00
4,000 00
1,080
5,760
Nil.
425
48
10a— 5
66
Tli\I>i: ASH COMMERCE
11 GEORGE V. A. 1921
ST. JOHN AND JiKJD<iETOWX
BnirxiKTOWx Stfumship Comj'anv
(Jontrat't Xo. 72.
T. & C. File Xo. 25682.
Yoti' 188. — St. John and BriJfft'ioii-it. .si cam srrvicp hetu}(*en —
V.)2()--2\ $2,000
l<)21-22 2,000
Coniractors. — The Bridgetown Steaniship Company, Ltd., uf Bridgetown, X.S.
Date of Contract.— ^iay 21. 1920.
Duration of Contrarl. — From the opening to the close of navigation in ]!t2n.
Service and Ports of Call. — Weekly ; making thirty-two round trip> during the
season of navigation between St. John and Bridgetown, calling each way at Ray's
Creek, Tuppcrville and Kound Hill; and calling fortnightly at C'.ement.-^l>ort and
Deep Brook.
Government Wharves. — Steamer must call whenever possible.
Subsidy. — $02.50 for each round trip, not to exceed a total of $2,000 for the
season, payable on July 1, October 1, and at close of navigation.
Mails. — To be carried free.
DIST.JlNCBS
Miles.
Bridgetown to Upper Granvilh' 5 J
Granville to Tupperville h
Tupperville to Round Hill 7
Round Hill to St. John r,7
Total 7<1
DESCRIPTION OF VESSEL EMPLOYED
Dimensions.
Tonnage.
5
Built.
K
'^
Xanie.
0
n,
o
G
p
o
o
33
Q.
c P
'Q.<
a,
si
At
In
Of
Ft.
Ft.
Ft.
knots
V;
linda
95
21-5
9-3
56
117
60
25
19
9§
Liverpool, N.S.
1911
Wood.
traffic; retlrns
Calendar Year.
No. of round
trips run.
No. of
Pa.ssengers
carried.
Tons of
Freight
carried .
Live
Stock.
Mails.
Subsidy
Paid.
1912
1913
56
36
35
36
35
36
34
37
36
Total
7
55
30
17
29
. 28
23
12
In 8
Out 6
5,148
3,021
3,845
2,313
2,5541
2,493
2,404
2,964
1,639
1,274
Nil.
Nil.
Nil.
Nil.
Nil.
Nil.
Nil.
Nil.
Nil.
Nil.
Nil.
Nil.
Nil.
Nil.
Nil.
Nil.
Nil.
Nil.
Nil.
Nil.
$
2,000
2,000
1914. .
2,. 500
1915
1916
2,. 500
2,500
1917
2,500
1918
2,500
1919
2,. 500
1920
2,000
14
2,913
Nil.
Nil.
STEAMSHIP SUBSIDIES
67
SESSIONAL PAPER No. 10a
ST. JOHN AND DIGBY
Dominion' Atlantic Railway Cojipany
Contract No. 8.
T. & C. File No. 26038.
Vote 189. — St. John and Dighi/. steam sfrri.re between —
19'20-21 $10,000
1921-22 10,000
Contractors. — The Dominion Atlantic Eailway Compaiiy of Kentville, N.S.
(On September 1, 1913, this line passed to the control and ownership of the Cana-
dian Pacific Railway, Montreal, Que.)
Date of Contract.— August 25, 1920.
Duration of Contravt.-^A-prW 1, 1920, to March 31, 1921.
Service and Ports of Call. — Full round daily trips (Sundays excepted) from St.
John to Dig-by and return to St. John.
Connection at St. John. — On all trips from Digby to St. John the steamer shall
arrive at St. John in ample time for passengers, mails and perishable express goods
westward bound to be transferred to the Canadian Pacific Railway afternoon train
for Montreal..
In the event of any trip from Dig'by to St. John or the connection with the
westbound trains at St. John being missed owing to stress of weather, upon satis-
factory evidence thereof being furnished to the minister, he may direct that no
deductions be made from the subsidy.
Government Wharves. — ^Steamer «uist call whenever possible.
Suhsidy. — $10,000, payable ijuarterly, in July, October, January and April.
Mails. — To be carried free. If during the continuance of this contract other
trips are made than as above stated, all mails tendered shall be carried without addi-
tional remuneration.
Distance. — St. John to Digby, 47 miles.
DESCRIPTION OF VESSEL EMPLOYED
Dimensions.
Tonnage.
c
_o
w
O
Built.
Name.
uti
j=
^
>.
&e
fc
At
In
Of
a
13
03
s
c
D.
X c
o
Ft.
Ft.
Ft.
knots
Empress
2.35
34
28
612
1,.341
500
4.50
365
16 J
Newcastle-on-
Tyne.
1906
Steel.
10a— 5i
68
TRADE AND COMMERCE
TRAFFIC RETURNS
11 GEORGE V, A. 1921
Calendar
No. of
round
trips run.
Number of
pas.sengers
carried.
Tons of
freisht
cirricd.
Live Stock.
Mails.
Subsidy
paid.
Bags.
Sacks.
1912
312
320
377
312
315
305
304
303 i-
299
Total
31,152
39,781
20,957
25,795
31,109
27,532
38,058
36,357
In 19,689
Out 16,880
26,520
29,507
23,810
22,367
32,893
34,772
29,686
25,016
4,831
17.440
580
455
1,155
617
5C9
801
885
955
626
162
6,434
6,049
3,443
3,438
3,421
3,344
3,344
3,341
2,372
897
18,238
15,213
25,427
25,186
26,213
27,022
21,600
25,516
10,982
10,058
$ cts.
19,936 71
1913
19,013 73
1914
19,805 19
1915
1916
20,000 00
20,000 00
1917
19,423 08
1918
20,000 00
1919
20,000 00
1920
12,083 73
36,569
22.271
788
3,269
21,040
ST. JOHN, DIOBY, ANNAPOLIS AND GKANVILLE
Valley Steamship Company^ Ltd.
Contract No. 37.
T. & C. File 2548»3.
Vote 190. — ^S"^. Jolin, Dighy. Annapolis nnrl Granrillc, afeam scrvicp heticoen, viz.:
along the west coast of tJte Annapolis basin —
1920-21 $2,000
1921-22 2,000
Contractors. — The Valley Steamship Co., Ltd., of Granville Ferry, N.S.
Date of Contract. — June 17, 1920.
Duration of Contract.— April 1, 1920, to March 31, 1921.
Service and' Ports of Call. — A weekly servioe between St. John, N.B., Annapolis
Royal and Granville Feri-y, N.S., calling on all'trips both ways .at Victoria Beach and
Littlewoods Wharf (opposite Goat Island), and when tide and weather will permit
continuing such trips to Granville Centre, with the privilege on the part of the con-
tractors of further extending the route to Bridgetown, N.S.
During the winter months, in case the ice will not permit the running of the
vessel up the Annapolis basin and river, the trip from St. John shall be allowed to
terminate at Digby.
Repairs. — The contractors have the right at any time to withdraw the steamer
for a i)eriod of two weeks, and also in addition thereto for a period not exceeding
14 days, for the purpose of inspection or repairs, and may also replace it with another
steamer subject to the approval of the minister.
Government Whart'es. — Steamer must call whenever possible.
Mails. — To be carried free.
Subsidy. — $2,000 per annum, payable quarterly in July, October, January and
April.
DISTAlNCDS.
Miles.
St. John to Annapolis 62
St. John to Victoria Beach 45
Victoria Beach to Port Wade 5
Port Wade to Granville Ferry 12
Granville Ferry to Granville Centre 4
Granville Centre to Annapolis 4
Granville Ferry to Annapolis • • i
Distance between terminal points via way ports 70
STEAMSHIP SUBSIDIES 69
'SESSIONAL PAPER No. 10a
DESCRIPTION OF VESSEL EMPLOYED
Dimensions.
Tonnage.
c
ca
Built.
Name.
1
1
J3
j3
>i
^
At
In
Of
M
C
0)
1
ft
Q
£
a
Ah
-d
Ft.
Ft.
Ft.
Knots
Granville
112
22
9
49
139
100
38
24
9
Shelburne
1909
Wood.
TRAFFIC RETURNS
Calendar year.
No. of round
trips run.
No. of
passengers
carried .
Tons
freight.
Live
stock.
Mail.
Subsidy
paid.
1912
50
51
52
50
50
45
44
52
52
Total
66
57
69
39
77
78
74
51
In 55
Out 40
3,386
2,788
3,024
3,079
4,069
3,299
3,976
3,807
2,415
782
Nil.
Nil.
Nil.
Nil.
Nil.
Nil.
Nil.
Nil.
Nil.
Nil.
Nil.
$ cts.
1 ejnn nn
1913
Nil
Nil
Nil
Nil
Nil
Nil
Nil
Nil
Nil
1 500 00
1914
1 875 00
1915
1 Qfil .'55
1916
2,000 00
1 875 00
1917
1918
2 000 00
1919
2 000 00
1920
2,000 00
95
3,197
Nil.
Nil.
ST. JOHN AND PORTS OiN THE BAY OF FUNDY AND MINAS BASIN
iSt. John Ste.\mship Co., Ltd.
Contract No. 7lA.
T. & C. File 25920.
Vote 191. — St. John, N.B., and ports on the Bay of Fundy and Minus Basin, steam
service between —
1920-21 $5,000
1921-22 5,000
Contractors. — The St. John Steamship Co., Ltd., of St. John, N.B.
Date of Contract.— April 20, 1920.
Deration of Contract. — From the opening- to the closing of navigation, 1920.
Service and Ports of Call —
(a) A regular service every two weeks between St. John, N.B., and Windsor, N.S.,
calling each way at Canning, Wolfville, Cheverie and Noel.
(&) A regular service every two weeks, alternating with the service specified in
section (a) aforesaid, between St. John, N.B., and Maitland, N.S., calling at Spencer's
Island, Parrsboro', Port Greville and Bass River.
(c)The minimum number of trips to be made during the season of navigation
shall be 28.
70 TRADE AM» COMMERCE
11 GEORGE V, A. 1921
Subsidy. — $5,000 jxt ainiuin, payable in vquA instalmonts on August 1, October
3, and at the close of navigation.
Mails. — To be carried free.
DISTANCES
Miles.
,St. John to SiJencir's Lslaiid 62
Spencer'.s Island to I'ari-slboro 24^
Parrsboro' to Bass River 26
Bass River to Maitland ISJ
M'aitland to 'Noel 13
lao
St. John to Spencer's Island 62
Spencer's Island to Kingsport 25
King.sport to Canning :>,
Canning to Wolfville 7 J
Wolfville to Cheverie OJ
Cheverie to Windsor 13
120
DESCRIPTION OF VESSEL EMPLOYED
Dimensions.
Tonnage.
£
PL,
T3
o
ft
Built.
Name.
ft
Q
o
O
1
ft
o
At
In
Of
Glenholme
tx.
102-5
Ft.
30-5
Ft.
9-7
125
233
7
24
Knots
8h
Yarmouth, ?\.S.
1919
Wood
TRAFFIC RETURNS
Calendar Year.
No. of round
trips run.
No. of
passengers
carried.
Tons of
freight
carried.
Live
stock.
Mail.
Subsidy
paid.
1919
15
21
Total
36
In 8
Out 24
3, 125
450
2,100
Nil.
Nil.
Nil.
Nil.
Nil.
Nil.
$ cts.
3,500 00
1920
3,749 97
32
2,550
Nil.
Nil.
ST. JOHN, WESTPORT AND YARMOUTH AND OTHER WAY PORTS
Hutai Cann & Sox^ Ltd.
Contract No. 42A.
T. & O. File No. 25533.
Vote 192. — SL John, Wcslporl (ind Ydrhtoiiih and olhrr trai/ ports, strain service
between —
1&20-21 $10,000
1^21-22 10,000
STEAMSHIP SUBSIDIES
71
SESSIONAL PAPER No. 10a
Contractors. — Hugh Ciiiiu & Son, Ltd., of Yarmouth, N.S.
Date of Contract.— Ain-i\ 14, 1920.
Duration of Contract.— April 1, 19'2'0, to :\Iarch ;;i, i;)21.
Sprrice and Ports of Call. — Seventy round trips are to be made during- the period
covered by the contract, between St. John, Westport and Yarmouth, calling on each
trip both ways at Freeport and Tiverton, unless ice prevents.
Four round trips are to be made in each of the months of April, November,
Doeembei", January, February and March; 6 round trips in the month of May; and 8
round trips in each of the months of June, July, August, September and October.
Govern inctit WJiarvcs. — Steamer must call whenever possible.
Suhsidy. — $10,000, payable as follows: $142.86 for each round trip performed, to be
paid at the close of June, September, December and M.arch.
Mails. — To be carried free.
DISTAC^CBS.
Miles.
St. John to Tiverton 51
Tiverton to Freeport 11
Freeport to Westport 1
Westport to Yarmouth 33
Total 96
DESCRIPTION OF VESSEL EMPLOYED.
Dimensions.
Tonnage.
c
,c
-a
o
^S
&|
c 0
1^
Built
Name.
a
0)
PQ
Q
p
6
>>
'3
a
At
In
Of
Keith Cann.. .
Ft.
1200
Ft.
25-8
Ft.
11-8
176
299
350
28
53
Knots
Shelburne. N.S.
1917
Wood.
TRAFFIC RETURNS.
Calendar year.
No. of round
trips run.
No. of
passengers
carried.
Tons of
freight
carried .
Live
stock.
Bags
mail.
Subsidy
pa id .
1913
361
81
791
79^
78^
75.^
78
761
Total
408
959
1,192
1,258
1,290
1,293
2,116
In 1,127
Out 1,023
1,808
4,497
5,684
5,723
6,598
11,820
11,096
2,447
6,996
Nil.
Nil.
Nil.
Nil.
Nil.
Nil.
Nil.
Nil.
Nil.
Nil.
Nil.
Nil.
Nil.
Nil.
Nil.
Nil.
Nil.
Nil.
$ cts.
2 100 00
1914
5,871 18
1915
6,000 00
1916
6,000 00
1917
5,999 70
1918
9,943 Oo
1919
10,000 00
1920
10,000 00
2,150
9,443
Nil.
Nil. -
72
TRADE AND COMMERCE
11 GEORGE V, A. 1921
SYDNEY AND BAY ST. LAWEENCE
The North Shore Steamship Compaxv, Ltd.
Contract No. 33.
T. (t C. File No. 25540.
Vote 193. — Sydney and Bay St. Lawrence, calling at way ports, steam service
between —
1920-21 $9,000
1921-22 9,000
Contractors. — The North Shore Steamship Company, Limited, of Sydney, N.S.
Date of Contract.— April 21, 1920.
Dturation of Contract. — From the opening to the close of navigation in the year
1920.
Services and Ports of Call. — From the opening of navigation until June 15, and
from October 15 until thg^ close of navigation, one full round trip each week between
Sydney and St. Anne's Bay, calling both going and returning at North Sydney,
Breton Cove, Englishtown and North River; and one full round trip each week
between Sydney and Bay St. Lawrence, calling at North Sydney, Ingonish. Neil's
Harbour and Dingwall ; returning calling at Neil's Harbour, Ingonish and North
Sydney.
From June 15 to October 15 two full trips each week between Sydney and Ste.
x\nne's Bay, with calls as above given; and two full round trips each week between
Sydney and Neil's Harbour, calling both going and returning at North Sydney and
Ingonish, one trip each week to be extended to Bay St. Lawrence, vsdth calls on the
outward trip at Dingwall and Cape North. The Friday trip to Ingonish and Neil's
Harbour is to be extended to Dingwall during July and August.
Government Wharves. — Steamer must call whenever iwssible.
Subsidy. — $9,000, payable in instalments in June, August and October, and on
the close of navigation.
Mails. — To be carried free.
DISTANCES.
I Miles.
Sydney to North Sydney 5
" Breton Cove 27
Englishtown 39
North River 43
" Ingonish 35
" Neil's Harbour 47
" Aspy Bay 59
Cape North 70
Bay St. LawTence 85
DESCRIPTION OF VESSEL EMPLOYED.
Dimensions
Tonnage.
c
_o
-a
Boilt.
Name.
o
Ml
c
c
J3
1
e.
o
Q
O
O
O
>>
'S
n.
si
§8
X "
ra OS
-a
o
At
In
Of
^
Ft.
Ft.
Ft.
Knots
113
2.5
8-5
99
215
250
250
42
10
Shelbume. N.S.
1910 Wood.
STEAMSHIP SUBSIDIES
73
SESSIONAL PAPER No. 10a
TRAFFIC RETURNS.
Calendar year.
No. of round
trips run.
No. of
passengers
carried.
Tons of
freight
carried .
Live
stock.
Mails.
Subsidy
Paid.
1912
112
122
IIU
112
110
114
113
112
116
Total
2,550
2,300
1,715
1,360
1,510
1,515
1,680
1,860
In 725
Out 1,175
890
960
860
765
835
1,120
1,260
1,640
575
1 , 360
160
95
45
130
45
55
226
70
90
Nil.
•Nil.
Nil.
Nil.
Nil.
Nil.
Nil.
Nil.
Nil.
Nil.
Nil.
6,500
6,000
6,000
6,000
6 000
1913
1914
1915
1916
1917
6,000
6,000
6,000
1918
1919
1920
9,000
1,900
1,935
90
Nil.
SYDNEY AND WHYiCOOOMAGH
The Bras d'Or Steamboat Company, Ltd.
Contract No. 34.
T. & C. File No. 25544.
Vote 191).. — Sydney and Whycocomagh, steam service between —
1920-21 $4,000
1921-22 4,000
Contractors. — The Bras d'Or Steamboat Company, Limited, of Nortli Sydney,
N.S.
Date of Contract.— April 22, 1920.
Duration of Contract. — From the opening to the close o£ navigation in 1920.
Service and Ports of Call. — From the opening of navigation to June 30, and
from October 18 to close of navigation, two full round trips each week; and from
June 30 to September 30, three full round trips each week, between Sydney and
Whycocomagh, calling both going and returning at North Sydney, Big Bras d'Or,
New Camplbellton, ,Boularderie, Koss Ferry, Big Harbour, Kempt Head, Baddeck,
Washabuck Centre, Nyanza and Little Narrows.
It is agreed that if, upon due and proper investigation, the Minister should deem
it advisable that three round trips a week should be performed after September 30,
the contractors will perform t-he said three round trips each week, until otherwise
instructed by the Minister.
It is further agreed that from October 15 to the close of navigation one call each
week shall be made at lona.
Subsidy. — $4,000, payable at the rate of $50 per trip for each round trip performed
up to maximum of 80 round trips.
Government M^harves. — iSteamer must call whenever possible.
Mails. — To be carried free.
74
TRADE AND COMMERCE
11 GEORGE V, A. 1921
DIST.VNCraS.
Sydney to North Sydney
North Sydney to Big Bras d'Or
Big Bras d'Or to Now Camipljellton . . . .
New Campbellton to Boularderie Centre.
Boularderie Centre to Ross (Ferry
Ross Feri-j- to Big Mainour
Big Harbour to Kempt Head
Kempt Head to Baddeck
Baddeek to Washabuck
Washabuick to Nyanza
Nyanza to Little Narrows. .
Little Narrows to Whycocomf.gh
Total
DESCRIPTION OF VESSEL EMPLOYED.
Miles.
.5
20
6
10
Dimen'sions.
Tonnage.
c
o
Built.
Name.
o
1
pq
Q
tn
s
o
>.
"o
01
1' c
M C
C O
m o
tn o
M 03
f2
13
At
In
Of
Ft.
Ft.
Ft.
Knots
Marion
150
26-5
8
269
478
100
400
49
12
New York,
U.S.A.
1876
Wood.
TRAFFIC RETURNS.
Calendar year.
No. of round
trips run.
No. of
passengers
carried .
Tons of
freight
carried.
Live
stock.
Mails.
Subsidy
paid.
1912
84
89
78
80
81
79
79
81
82
Total
5,919
6,404
5,879
5,773
6,655
6,399
4,756
6,976
In 2,403
Out 2, 670
1,820
1,607
1,554
1 , 556
1,794
2,029
2,319
4,042
1,779
1.763
4,693
5,. 343
5.458
4,081
3,631
2.674
2,848
2,621
2,381
187
Nil.
Nil.
Nil.
Nil. .
Nil.
Nil.
Nil.
Nil.
Nil.
Nil.
$
3,000 00
1913
1914
1915
3,000 00
3,000 00
3,000 00
1916
3,000 00
1917
3,000 00
1918
3,000 00
1919
4,000 00
1920
4,000 00
5,073
2,542
2,568
Nil.
SYD]S"EY, BRAS D'OR LAKES, AND CAPE BRETON PORTS
TiiK OoAST.xL Ste.amsiup Company, Ltd.
Contract Xo. 77.
T. & C. Pile 25539.
Vote 195. — Sydney and Bras d'Or Lal-e Ports, and Ports on the East and West Coasts
of Cape Breton, steam service hetween —
1920-21 $14,000
1921-22 14,000
STEAMSHIP SUBSIDIES 75
SESSIONAL PAPER No. 10a
Contractors. — The Coastal Steamship Company, Ltd., of Sydney, N.S.
Date of Contract.— Aiiril 24, 1920.
Duration of Contract. — From the opening to the close of navigation, 1920.
Service and Ports of Call. — Weekly, from Sydney to North Sydney, Baddeek,
Grand Narrows, East Bay, Big Pond, Irish Cove, Johnston's Harbour, Marble Moun-
tain, St. Peter's, Grandique, Poulamond, L'Ardoise, xirichat, Mulgrave, Hawkesbury
Hastings, Port Hood, Margaree, Grand Etang and Cheticamp, returning to Sydney
and proceeding thence to Gabarous, calling at Port Morien, Main-a-dieu and Louis-
burg.
(a) If it 'be found innpossible for the Bras d'Or to make weekly calls at Port
Morien, Main-a-dieu, Louisburg and Gabarous, a reduced service to the said ports mav
be performed. The contractors, however, shall use their best endeavours to perform
a weekly service to the said ports, if time permits.
Suhsidy. —^lAfiOO per annum, payable in instalments on July 1, October 1 and
at the close of navigation.
Mails. — To be carried free.
DISTAiXCES.
Miles.
■Sydney to North Sydney 5
North Sydney to Baddeek 55
Baddeek to Grand Narrows 20
Grand Narrows to EJast Bay 25
Ea.«t Bay to Big Pond 7
Big- Pond to Irish Cove §
Irish Cove to Johnston's Harbour 1q
Johnston's Harbour to Marble Mountain i^
Marble Mountain to St. Peter's 20
St. Peter's to Grandique 12
Grandique to Poulamond 3
Poulam'ond to 1.,'Ardoise 10
L'Ardoise to Arichat •. 1,§
Aiiehat to Mulgrave 20
Mugrave to Hawkesbury 2
Hawkesbury to Hastings .3
Hastings to Port Hood 25
Port Hood to Margaree 40
Margaree to Grand Etang 8
Grand Etang to Cheticamp 9
316
Sydney to Port Morien 32
Port Morien to Main-a-dieu 14
JNIain-a-dieu to Louisburg. 1.5
Lo\iisburg to Gabarous 13
74 390
DESCRIPTION OF VESSEL EMPLOYED.
Dimensions.
Tonnage.
Built.
Name.
0
c
c.
0
0.
is
w 0
fin
"i
At
In
Of
0
ffi
P
^
0
03
0
^"
^
C.
Ft.
Ft.
Ft.
Knots
Bras d'Or
128
28
9
136
371
400
250
71
13
Mahone Bav,
N.S.
1919
Wood.
76
TRADE AXD COMMERCE
11 GEORGE V, A. 1921
TRAFFIC RETURNS.
Calendar year.
ISo. of
round
trips run.
Xo. of
passengers
tarried.
Tons of freight
Carried.
Live
stock.
Mails.
Subsidy
paid.
Weight.
Measure-
ment.
Lock
bags.
Tied
sacks.
1919
1920
36
35
Total
45
In 560
Out 500
1,825
725
2,675
Nil.
Nil.
Nil.
Nil.
Nil.
Nil.
Nil.
Nil.
Nil.
Nil.
Nil.
Nil.
8,420 64
14.000 00
1,060
3,400
Nil.
Nil.
Nil.
Nil.
SUPERVISIOX OF SUBSIDIZED STEAlMSHIP SERVICES
Vote 190. — Expenses in connection with the supervision of Subsidized Steamship
Services —
1920-21 $4,000
1921-22 4,000
By Order in Council of April 10, 1012, ]\]r. W. E. Tupper, of Digby, X.S., was
api)ointed Supervising Officer of Subsidized Steamship Services. His salary is $2,640
per annum, and he is allowed the usual travelling and other contingent expenses. The
title of this position has been changed to " Inspector of Subsidized Steamships."
In December, 1916, Mr. Tupper enlisted for active service overseas. He returned
to Canada in 1918, and resumed his position as supervising officer on January 1, 1919.
The Inspector's Annual Report is as follows : —
Digby, NjS., February 5, 1921.
F. C. T. 0'H.\RA, Esq.,
Deputy Minister, Trade and Commerce,
Ottawa.
Dear Sir, — I beg to submit my report on Subsidized Steamship Services for the year
ending December 31, 1920.
During the season twenty-six services were inspected.
The services were, with very few exceptions, well performed. Captains carried
out their duties faithfully and conscientiously ; passenger accommodations and
freight capacity of steamers in practically every case were found adequate to require-
ments, and, taking into consideration the nature of several of the services, the food
was of good quality and the meals well served.
Compared ^vith the year 1919, it is considered that a marked improvement was
effected in the quality of several of the services. This was noticeably the case in
respect to the following: —
Charlottetoivn, Victoria and Holliday's Wharf. — In 1918 the ss. Harland, built
especially for the route, was sold to the contractors for the Pictou, Montague, Murray
Harbour and Georgetown service ; in consequence of Avhich the department was com-
pelled to sanction the employment of a less adaptable boat. In 1920, however, the
original owners repurchased the Harland, and she is again performing the service for
which she was originally built.
STEAMSHIP SUBSIDIES 77
SESSIONAL PAPER No. 10a
Pictou, Montague, Murray Harhour and Georgetown. — During 1918 and 1919
this service was performed by the Harland. Although possessing adequate freight
capacity and excellent passenger accommodation, this steamer, built for river service
only, was unadapted to " outside '' work. Last year the contract was awarded the
Georgetown Steamship Company, Pictou, N'.S., which placed the s.s. Magdalen on
the route. After being acquired by the contractors this steamer underwent extensive
alterations and repairs, and is giving excellent satisfaction.
Petit de Grat and I.C.R. terminus at Mulgrave.- — At the close of the season of
1919, Mr. William Leslie, who had operated this service for a number of years, finding
that there was insufficient passenger and freight traffic on the route to warrant a
continuance of the service with so large a boat, failed to renew the contract. The
LaHave Steamship Company, Ltd., West LaHave, j^.S., having tendered for and
received the contract, placed the ss. Tussle on the route. The contractors were
required to effect considerable improvements in respect to the passenger accommoda-
tions before the steamer was accepted by the department. The Tussle has since proved
a very suitable boat.
Mulgrave and Gui/shoro. — In 1919, owing to the extreme scarcity of suitable
tonnage (a situation which is proving of considerable embarrassment to the depart-
ment), a contract was awarded for the performance of this service to the ss. Elaine.
This steamer later proved inadequate. In 1920, however, the contractors procured
the ss. Westport 111. The passenger accommodations on this boat were completely
remodelled, and she has since been furnishing a most satisfactory service.
Sydney and the East and West Coasts of Cape Breton. — Previous to the year
li920 this service had been partially performed, for many years, by the ss. Weymouth,
a steamer not only very old and unseaworthy, but absolutely inadequate to meet the
demands of the route. Last year the contract was awarded the Coastal Steamship
Company, Ltd.. Sydney, C'.B., which placed the ss. Bra^s d'Or on the route. This
steamer was built for the service, and has not only ample carrying capacity, but by
reason of the commodiousness and excellence of her passenger accommodations, may
be considered superior to any boat of her class subsidized by the department for
service in the coastal waters of the Maritime Provinces.
Magdnlen Islands and Mainland. — This service has been unsatisfactorily per-
formed during the last two years. Further, it may be stated that in view of the
fact that the reasons Tesponsible for the unfortunate conditions have been so
thoroughly discussed, further allusion to the subject in this report is considered
unnecessary. It may be expedient to say, however, that it is ray firm oi)inion that
the satisfactory performance of this service depends primarily uiwn, first : the pro-
curing of a steamer, the general dimensions and construction of which shall follow
closely those of the ss. Lady Sybil, the boat which so admirably performed this service
from 1909 to 191i.5, inclusive; second, that the Magdalen Island merchants shall use
their utmost endeavour to order their winter supplies at the earliest possible date,
consistent with the somewhat arbitrary nature of their business, thereby allowing a
margin of time for shipments to be transiK)rted to islands before the closing of navi-
gation.
The ti-ade depression of last year has been felt very keenly by the great majority
of steamship companies operating subsidized coastal services. In view of the
fact that merchants doing business at outports were purchasing only necessary lines
in staples, freights were naturally very light. As, however, we are looking forward
to greater stability in prices in the near future, freight receipts should show a healthy
increase during the coming season.
I have the honour to be, sir.
Your obedient servant,
(Sgd.) W. E. TUPPER,
Inspector Subsidized Steamships.
78 TRADE AND COMMERCE
11 GEORGE V, A. 1921
SOME CLAUSES COMMON TO ALL CONTRACTS
NoTK. — Some of tlie princi])a] ^;ef•tion,s common to all contract.^, and as ?uch
hert'iiibcforo froqiiently referred to, read as follows: —
Proof of Pcrfonnnncp of Service to he Fnrnislwd.
The coiitraetors shall furnish and establish at their own expense the necessary
agents required for the efficient performance of this contract, and shall with diligence
as soon after the completion of each voyage as may be, furnish to the minister full
and complete copies of the manifests of the cargoes and list of passengers carried on
each voyage, duly certified by the proper officers of customs, and also such other docu-
ments, information and evidence as may be reasonably required by the minister to
show the volume, extent and value of the trade carried on by the said steamers and
the full performance on their part of services, requirements and conditions of this
contract, in order to enable him to judge as to whether the terms of this contract have
boon or are being fully and faithfully carried out and complied with, within the true
intent and meaning thereof, and his decision in that respect shall be binding, final
and conclusive; and the furnishing of such certificates, documents and evidence as
hereinbefore specified shall be a condition, precedent to the payment of the subsidy
herein provided for, or any portion thereof, and if in the opinion of the minister, all
the terms of this contract have not been fully complied with by the contractors, he
may deduct from the subsidy otherwise payable such portion thereof as he may deem
fit and proper, taking into consideration all the circumstances connected therewith,
and the contractors shall at all times during the continuance of this contract well and
faithfully abide by and conform to all such requirements as may be made by the
minister with regard to the said steamers in the performance of this contract.
Financial Statements
Tt is further understood and agreed that the contractors, whenever so required,
shall furnish the minister with such financial statement or statements as he may desire
from time to time respecting all revenues derived from and all expenditures in con-
nection with the conduct of the service herein provided for.
British Subjects
It is further understood and agreed by the contractors, that two-thii*ds of the total
number of officers, engineers, stewards, crew or other employees whatsoever upon the
steamships engaged in the performance of the service herein contracted for. shall be
British subjects, but the non-observance of this clause shall not constitute a violation
of this contract in such individual cases as may from time to time be approved by
the minister in writing.
Eqnipineut of Steamers
The steamers to be employed as herein specified, shall at all times during the
continuance of this contract be fully seaworthy, well-officered, manned, victualled,
(equipped, provided and furnished, having regard to the service which the contractors
have hereiby imdertaken to perform; and shall have ample and suitable accommoda-
tion for the passengers, mails and freight to be carried over the route specified; and
shall at all times carry boats and life-saving appliances in compliance with the law,
and shall be in all respects to the approval of the minister.
STEAMSHIP SUBSWIES 79
SESSIONAL PAPER No. 10a
Cariiage of Mails
The contractors shall during the performance of this contract, convey on each and
every trip of the steamers performing the aforementioned services, hoth on outward
and homeward voyages, all such mails as shall be tendered to the proper oificers or
persons in that behalf on the said steamers by or on behalf or under the direction of
the postal authorities of Canada, or those at the terminal port or ports of call herein
referred to, and shall deliver all such mails at their proper destination at the terminal
})ort or ports of call above referred to; and the expenses of carrying such mails from
the post offices or railway stations to the steamers and from the steamers to the post
offices or railway stations at the terminal ports and at the ports of call shall be borne
by the contractors, who will be subject to all general and special regulations now or
hereafter existing during the continuance of this contract in connection with the
postal service. For the conveyance of all such mails no payment shall be made or
required over or beyond the amount of subsidy herein mentioned or provided for.
Accommodation for Mails
The said steamer shall be provided with sufficient and convenient accommodation
and protection for all such mails, to the satisfaction of the Honourable the Postmaster
Cieueral of Canada for the time being, and the contractor shall fui-ther take all reason-
able and necessary precautions for the protection of such mails, while upon the said
steamers or while in the contractor's charge or custody, from loss, da.m.age or injury,
in any way, and the contractors shall be responsible for any loss or damage thereto
caused by negligence or want of proper care or accommodation on the part of the
contractors, their agents or servants or on the part of the officers, employees or crew
on board the said steamers, and this without regard to any question as to the legal
liability of the Postmaster General to the owners of the articles of mail matter con-
tained in such mails for damage or loss sustained in transit.
Definition of term "Mails"
The expression '' mails " for the purpose of this contract shall be deemed to mean
and include all boxes, bags, baskets or packets of or containing letters, post-cards,
newspapers, parcels, books, or printed papers, and all other articles which under the
Post Office Act and postal regulations for the time being in force are transmissible by
post in Canada, without regard to place either of origin or destination, and also all
empty bags, empty lioxes and other receptacles, stores and articles used or to be used
in carrying on the post office service, or which shall ordinarily be sent by 6v to or from
the offices.
No Letters except H. M. Mails to he Carried
The contractors shall not, nor shall any of their agents or servants, or officers or
crdws of the said steamers receive or permit to be receiTed on board of the said
steamers any letters for conveyance other than those contained in His Majesty's mails,
or which are or may be privileged by law, nor the mails of any other country, except
such as are specified by the Postmaster General of Canada for the time being.
Government officials to he carried Free of Charge
The Honourable the Postmaster General of Canada, or the Honourable the Min-
ister of Trade and Commerce for the time being, or any inspector or officer of the Post
Office Department or the Department of Trade and Commerce, who may in the execu-
tion of his duty travel in the said steamers, shall be carried free of charge.
80 TRADE AND COMMERCE
11 GEORGE V, A. 1921
Proper accotdnts to he Kept
Tho contractors shall keep full and proi>er accounts of and in connection with
the working of this service, and shall keep such accounts separate and distinct from
any other accounts of or connected with other branches of their business; and in any
contingency which, in the opinion of , the minister, may render such a course necessary,
the contractors shall allow ,any officer or officers named by the minister free access to
such accounts and all books, papers and documents connected therewith.
Suhstitnte for Disabled Steamers
It is imderstood that if the said steamer shall be by peril of the sea or other
unavoidable casualty, lost, destroyed or temiwrarily disabled from performing the
\oyages herein agreed to be performed according to the true intent and meaning of
these presents, the contractors may in such case as soon as reasonably may be, having
r^ard to the circumstances, replace the said steamer by another of equal class, speed,
equipment, character and capacity to the satisfaction and approval of the minister in
case the said steamer has been only temporarily disabled, and continue the service
herein contracted for with such substituted or repaired steamer with as little delay
as possible under all circumstances.
Frcifjht and Passetiger Tariffs — Proof of Performance of Service to he Furnished
The contractors shall carry on each steamer running under this contract, accord-
ing to its capacity, on all voyages, .all the freight and passengers which may be reason-
ably offered or obtained, and at tariff rates, both as to passengers and freight, which
ma.y be from time to time approved by the minister ; jand the contractors shall furnish
to the minister such documents, information and evidence as may be required by the
minister to show the volume, extent and value of the trade carried on by the said
steamer, and such customs certificates, documents and evidence as may be necessary
or as may be required by the minister to prove the performance of the service herein
contracted for, and to enable the minister to .iudge as to whether this contract is being
carefully and faithfully carried out and performed and the furnishing of such certi-
ficates, documents, information and evidence, as hereinbefore si)ecified, shall be a con-
dition precedent to the ])a.vment of the subsidy herein provided for or any portion
thereof.
Deductions from Suhsidy — Time-tahles to he furnished — Dockinf/ Disabled Steamers
Provided however, that it is the true intent and meaning of these presents that
no amount or instalment of subsidy shall be payable or be paid at any time, unless it
appears to the satisfaction of the minister that up to the time of such instalment
becoming due, .as herein stipulated, the service herein described and defined has been
full.v and faithfull.y performed, and that all provisions and stipulations as to freight
and freight rates and dates of sailing have been in all respects faithfully observed and
carried out, according to the true intent and meaning of these presents; and it is
understood and agreed to be a further condition of these presents that the contractors
shall at least two weeks prior to the first sailing under this contract furnish to the
minister time-tables showing the proposed sailings, and upon the same being approved
by the minister, they shall be duly advertised in such manner ,as he may direct; and it
is also agreed that in case either of the steamers herein named, or a substituted
steamer sanctioned by the minister, does not sail from a terminal port as herein speci-
fied within of the date fixed by such time-tables, there shall be deducted from
the amount of subsidy pa.vable for such voyage a sum equal to one-tenth of the amount
otherwise payable for the performance of such voyage, and so in proportion for
STEAMSHIP SUBSIDIES 81
SESSIONAL PAPER No. 10a
further delays or failure ,to sail from sut-h lerminal port. Provided, however, that
the minister may authorize any vessel to said either at an earlier or a later date than
that specified in such time-tables should he for any reason deem it advisable to do so ;
it being understood and agreed that, in the event of any of the said steamers being at
any time so disabled as to be obliged to be docked for repairs, the failure to perform
the terms of this contract ovping to such accident aaid for the time reasonably occupied
in the repair of the damaged steamer, shall not be taken as a default or breach of the
stipulations of this contract, or subject the contractors to deductions as above from
the amount of this subsidy, if any, payable for any voyage delayed in consequence of
such docking for repairs, but there shall be no claim for, nor payment of any subsidy
in respect of any voyage not actually performed.
Freight and Passenger Bates to he Approved hy the Minister
(Inserted in contracts for ocean services only)
The contractor shall at least three v^eeks prior to the first sailing under this
contract, furnish to the minister a schedule of the freight rates proposed which
schedule shall be subject to the approval of the Minister, and after being approved
by him shall not be changed except with his consent; and the Minister may at any
time, if he deem it advisable, fijf the maximum rates to be charged between the different
ports, on both east and westbound trips, on any article or class of goods, and the con-
tractors shall carry between the ports hereinbefore named, on all voyages of the said
steamships employed under the terms of this contract, all passengers or freight that
may be offered or that can reasonably be procured, at rates which shall not be in excess
of such maximum rates as fixed by the Minister, should he deem it advisable to so fix
such maximum rates, and in no ease shall any discrimination be made as regards
rates, or otherwise directly or indirectly, against Canadian merchants, or shippers,
who shall always have precedence for their freight and goods over all other merchants
and shippers: and it is agreed and understood that the freight rates on eastbound
trips, sailing from or as hereinbefore provided, on through bills of
lading from any place in the provinces of Ontario and Quebec, or from any
Canadian points farther west, shall in no case be greater than from the same place
to via any United States route or port; and on the westbound trips the rates
from to any place in Ontario or Quebec, or other Canadian points farther
west, shall be as favourable as via any United States route or port to the same place;
and it is further understood and agreed that the said steamers shall not carry between
the ports of or and aforesaid, on any voyage run under the
terms of this contract, either deals or lumber or timber to a greater extent than fifty
per cent of the total quantity of the cargo carried on such voyage and such quantity
only in case other Canadian products are not offering or cannot be obtained. Provided,
however, that in the event of other cargo not being obtainable, satisfactory evidence
of the fact being furnished to the Minister, then the contractors shall be allowed to
make up the balance of the cargo with deals, boards or timber.
Publicity of Tariff Charges
The freight and passenger rates charged by the contractors over said route may
at any time be required to be approved of by the Minister, whose decision shall be
final, and the said freight and passenger rates shall be made available at all times to
the public at the head office and the agencies of the contractors.
10a— 6
82 TRADE AND COMMERCE
11 GEORGE V, A. 1921
Calls at Foreign Forts
The steamer employed in carrying out the provisions of this contract shall not
on any of it? trips call at any foreign port not specified in this contract.
Carrying of nitro-glycerine or dangerous articles
The contractors shall not convey or permit to be conveyed in any steamer while
employed in this service any nitro-glycerine or any other article which in the opinion
of the Minister shall be considered dangerous.
Subsidy subject to Vote of Canadian Parliament
It is conditioned, declared and agreed that the pajmient of subsidy, as hereinbefore
stipulated, is subject to the amount specified being provided for the purpose by a vote
of the parliament of Canada, and that if no amount is voted for the purpose, or if
any amount voted has become exhausted in payment thereof, and no further sum is
voted for the purpose, this contract or agreement shall terminate and become void and
of no effect, and the party of the first part shall not in consequence be held liable to
damage.
Minister's Bight to Terminate Contract
It is declared to be the true intent and meaning of thase presents, that the
Minister shall have the right at any time during the continuance of this contract, upon
30 days' notice in writing to the contractors, their successors or assigns, to terminate
this contract, and every matter and thing herein contained, if it shall appear to the
Minister that there has been any breach on the part of the contractors, their suc-
cessors or assigns, of any of the covenants, agreements, stipulations or provisions
herein contained and entered into on the part of the contractors ; and it is declared and
agreed that the Minister shall at all times be the sole and final judge as to whether
there has been any such breach, and his decision shall be absolute, final and conclusive.
Assignment of Contract
This contract shall not, nor shall any right or interest therein be assigned without
the consent in writing of the Minister to such assignment having been first obtained.
Canadian Members of Parliament not Admitted to Share in Contract
It is a condition of these presents that no member of the House of Commons of
Canada shall be admitted to any share or part of this contract or agreement nor to
any benefit to arise therefrom.
Changes in Contract
The minister may authorize any change or changes in the terms of this contract
as may not be consistent with the vote providing for the payment of the subsidy.
Minister to be final judge as to full carrying out of contract
The minister shall at all times be the judge as to whether the terms of this
contract have been or are being fully and faithfully carried out and compiled with
within the true intent and meaning thereof, and his decision in that respect shall be
binding, final and conclusive.
Towing
No towing shall be undertaken by the vessel performing the service specified in
this contract, if such towing might interfere in any way with the regular performance
of said service, except for the purpose of saving life or assisting vessels in distress, or
performing other work of great importance, without the permission of the minister
first having been obtained.
STEAMSHIP SUBSIDIES 83
SESSIONAL PAPER No. 10a
Transportation of Trade Commissioners
(Inserted in contracts for ocean services )
The Canadian Trade Commissioners and their wives, children and servants, or
Canadian Commercial Agents, shall be granted free transportation, meals included,
with first-class accommodation and free transportation for their household effects,
upon any steamships employed by the contractors in the performance of this contract
when requested so to do by the Minister, and when the said Commissioner or Commeir
cial Agent is travelling upon his official duties or being transferred from one official
post to another.
Government Railway Clause ■
(Inserted in contracts for Atlantic ocean services)
It is hereby agreed by the contractors that as the aid herein expressed and pi'o-
vided for by the Canadian Government is for the express purpose of encouraging the
development of Canadian trade and the transportation of Canadian goods through
Canadian channels the Company accepts the aid on these conditions, and agrees that
all freight booked or carried by the said steamships from a port in the United King-
dom and during the time these make Halifax or St. John their terminal port, shall,
when not otherwise expressly routed by shippers or consignees, be delivered to the
Canadian National Eailways at Halifax or St. John for shipment to final destination
in Canada, provided that the rates demanded by the Canadian National Eailways shall
not be in excess of the rates charged by any other railway company from said ports to
final destination in Canada.
(a) Contractors are to hand over to the Canadian National Eailways at Halifax
pessengers for points in the Maritime Provinces or the Province of Quebec, providing
the route of such passengers is controlled by the contractors and that they are not other-
wise routed. It is further agi-eed that the contractors through their agents in Canada
shall see that they have all such freight for export as may be secured by them for a
port in the United Kingdom at which the subsidized line may call delivered to the
Canadian National Eailway at Montreal.
Calls at Government Wharves
(Inserted in contracts for local services)
In consideration of the subsidy herein stipulated the contractors agree to call at
all Government wharves when such is practicable and when such wharves are available.
Handling of perishahle products
(Inserted in contracts for Atlantic ocean services)
The handling, loading, stowing and unloading of any fruit or perishable products
carried by the said vessels shall be subject to and under the supervision of any cargo
inspector or other officer appointed for that purpose, should the Minister of Agricul-
ture for Canada deem it advisable.
INDEX TO SERVICES
• Page
Baddeck and lona 30
Canada and Australia or New Zealand
(on the Pacific ocean) 17
Canadian Atlantic ports and Australia
and New Zealand 5
Canada and Newfoundland 7
Canada and South Africa. . . . ' 13
Canada, The West Indies and South
America 9
Charlottetown, Pictou and New Glasgow. 31
Charlottetown, Victoria and Holliday's
Wharf 31
Froude's Point and Lockeport, N.S 37
Grand Manan and Mainland 33
Halifax, Canso and Guysboro 35
Halifax and La Have River ports. ... 36
Halifax and Newfoundland, via Cape
Breton ports 38
Halifax and Sherbrooke 49
Halifax and Spry Bay 40
Halifax, South Cape Breton and Bras
d'Or Lake ports 41
Halifax and West Coast Cape Breton. . . 43
Mulgrave, Arichat and Petit de Grat. ... 52
Mulgrave and Canso 45
Mulgrave and Guysboro 46
Newcastle, Neguac and Escuminac ;
Miramichi River and Miramichi Bay.. 4S
Pelee Island and Mainland 49
Pictou, Montague, Murray Harbour and
Georgetown 53
Pictou, Mulgrave and Cheticamp 54
Page.
Pictou, New Glasgow and Antigonish
County ports 55
Pictou, Souris and the Magdalen Islands. 58
Port Mulgrave, St. Peter's, Irish Cove
and Marble Mountain 57
Prince Rupert and Queen Charlotte
Islands 20
Quebec, Natashquan and Harrington.. 6^0
Quebec, Montreal and Paspebiac 60
St. John and Bridgetown 66
St. John and Digt)y 67
St. John, Digljy, Annapolis and Gran-
ville 68
St. John and Bay of Fundy and Minas
Basin ports 69
St. John and St. Andrews 64
St. John, Westport and Yarmouth and
other way ports 70
Sydney and Bay St. Lawrence 72
Sydney and the East and West Coasts
of Cape Breton 74
Sydney and Whycocomagh 73
Vancouver and Howe Sound 28
Vancouver 'and Northern British Colum-
bia ports 216
Victoria and San Francisco 21
Victoria, Vancouver and Skagway. ... 23
Victoria and West Coast Vancouver
Island 24
Supervision of subsidized steamship ser-
vices 76
INDEX TO PERSONS OR COMPANIES SUBSIDIZED
Page.
Anchoa'-Donaldson Line 7
Baddeck SS. Co., Ltd 30
Bay of Fundy and Minas Basin SS. Co. 74
Bras d'Or Steamboat Co 73
Bridgetown Steamship Co 66
Canadian Pacific Railway (St. John
and Di&by) 67
Canadian Pacific Railway (Victoria,
Vancouver and Skagway) 23
Canadian Pacific Railway (Victoria and
West Coast Vancouver Island) 24
Cann & Son, Hugh (Mulgrave and
Canso) 45
Cann & Son, Hug-h (St. John and West-
port) 70
Charlottetown SS. Co. : 31
Clarke Bros , 60
Coastal Steamship Co 74
Cunard Line 7
Dominion Atlantic Railway Co 67
Eastern Transport, Ltd 31
Elaiine SS. Co 52
Blder-Dcmpster & Co. (South African
service) 13
Farquhar & Co., J. A. (Halifax and
Newfoundland via Cape Breton) .... 38
Georgetown SS. Co 53
©rand Manan Steamboat Co 33
Pagb.
Grand Trunk Pacific Coast SS. Co . . . . 20'
Halifax and Canso SS. Co 35
Halifax and Inverness SS. Co 43
Halifax and Sheet Harbour SS. Co 40
Hendry, Ltd 46
La Have SS. Co 52
Leslie, William C 58
Lockeport, N.S., Town of , .. .. 37
Maritime SS. Co 64
McDougal, Roderick 62
McLure, Wm 5'9
Miramichi Steam Navigation Co., Ltd.. 48
Murdock, W. J 4&
New Zealand Shipping Co 5
North Shore SS. Co 72
Pacific SS. Co 21
Reid-Newfoundland, Ltd 7
Richmond Steamship Co 57
Royal Mlail Steam Packet Co 9
Smith, J. W 55
St. John SS. Co 69
Thompson, R. D 28
Union SS. Co. of British Columbia.. .. 26-
Union SS. Co. of New Zealand 17
Valley SS. Co., Ltd 68
Western Steamship Co 36
White Star Dominion Line 7
Windsor and Pelee Island Steamship
Co., Ltd 49
INDEX TO NAMES OF VESSELS EMPLOYED
Page.
Alexandra 48
Arcadia ♦2'
Aspy 7Z
Ben^uela 14
Bereby 14
Blue Hill 30
Brae d'Or 75
Britannia 28
Camosun 28
Cartaquet , 10
Chaleur 10
ChaudiSre 10
Chelohsin 28
Chignecto 10
Chilkoot 28
Chilliwack 2S
Connors Bros 65
Coquitiam 28
Corsican 8
Cowichan 28
Durham 6
Elaine 46
Empress 67
Enterprise 37
Pantee 14
Glencoe 8
Glenholme 70
Governor 22
Grand Manan 34
Granville 69
Guide , .. 67
Harland 33
Jekri 14
Kaikoura 6
Kaduna 14
Kiaramea 6
Keith Cann 71
Kinburn 57
Kwarra 14
Kyle 8
Magdalen. . . .
Makura
Margaret . . . .
Marion ,
New Brighton.
Xew Brooklyn.
New Georgia. .
New Mexico. .
North Shore. .
Niagara
Orari
Otarama. . . .
Otira
Pelee
Page.
54
President
Prince Albert. . . .
Prince John
Princess Alice. . . .
Princess Beatrice. .
Princess Maquinna.
Princess Mary. . . .
Ravanga
Richmond
Robert G. Cann. . . .
R. W. Hendry ....
Ryse
Sagona . . . .
Scotia
Somerset . . .
Strathlorne. .
Stella Maris.
Suffolk.. ..
Sussex
Tahiti
Tirevalgiin . .
Tussle
Valinda. . . .
Venture. . . .
Westport III.
61
18
6
6
6
50
22
21
21
24
24
25
24
6
58
46
59
56
8
36
6
44
39
6
6
18
6
5'2
66
28
47
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