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SESSIONAL PAPERS
VOLUME 3
THIRD SESSION OF THE NINTH PARLIAMENT
OF THE
DOMINION OF CANADA
SESSION 1903
VOLUME XXXVII
3 Edw. Vir.
Alphabetical Index to Sessional Papers.
A. 1903
;2^*See also N"Tamerical List, page 5
ALPHABETICAL INDEX
OF THE
SESSIONAL PAPERS
OF THE
PARLIAMENT OF CANADA
THIRD SESSION, NINTH PARLIAMENT, 1903
Accident at West Lome Station
Adulteration of Food ...
Agriculture, Annual Report
Alaska Boundary
Archives, Canadian
Auditor General, Annual Report .
Automatic Grain- Weighers
114
14
15
149
18
1
80
Banks, Chartered 0
Banks, Unpaid Balances in 7
Barnes, Amos 133
Bonds and Securities ()1
British Canadian Loan and Investment Co. 43
British Columbia Industrial Disputes 36a
British Columbia Salmon Commission 131
British Columbia, Statutes Disallowed 78, 78a
Brunet, Arthur ... 51, 51a
Canadian Contingents to South Africa 35o
Canadian Northern Railway 11^
Canadian Pacific Railway :
Business with Interior Department .... 48
Exemption from Taxation 79
Lands sold by 55
Carlton Point, Pier at 118
Cattle, Canadian .50
Cattle-guards 150
Cattle, Killed on Railways 74
Census Returns , ... 49, 82
Chartered Banks 6
Civil Service :
Appointments and Promotions GO
Examiners 31
Insurance 38
List 30
Superannuations 39
Claims by Quebec . . . 144
Cold Storage Service 102, 102a
Colonels and Lieutenant-Colonels 99
1
Colonial Conference, 1902 29a, 142
Commission re Canadian Products 93
Culbute River Surveys 106
Customs Department , 115
Criminal Statistics 37
Detroit River 125
Disallowance 66, 67, 78, 78a
Dividends unpaid in banks 7
Dixon, F. A 76
Dominion Lands 46, 47
Doncaster Indian Reserve 70
Dry Dock, Montreal 104
Electric Light, Inspection of
Emigration from Europe
Estimates
Euxine, Schooner .
Experimental Farms
13
146
3 to 5c
92
16
Export of Wood 129, 130
False Creek 126
Farran's Point Canal 83
Fast Stean-ship Service loi
Fisheries, Annual Report 22
Fishery Rights 133
Fitzgerald, W. W (39
French River Surveys 106
Gas, Inspection of 13
Gaynor, John Francis 90
Geographic Board 21a
Geological Survey Report . 26
German Tariff lOa
Government Offices in Ottawa 105
Governor General's Warrants 37
3 Edw. VII.
Alphabetical Index to Sessional Papers.
A. 1903
o
Grain Act 151
Grain -Weighers 80
Grand Trunk Railway 73
Greene, Benjamin D 90
H
Half-breed Commission 84, 84a
Harbour Commissioners 23
Hog Cholera 77
Hutton and Hughes Correspondence .... 94
I
Immigration Agents 56
Imperial Government Supplies 128
Indian Act . ^ 53
Indian Affairs, Annual Report. 72
Indian Lands 81
Indian Reserve, Doncaster 70
Indian Reserves, Schedule of 27a
Industrial Disputes 36a
Inland Revenue, Annual Report 12
Insurance, Abstract 9
Insurance, Annual Report 8
Intercolonial Railway :
Accident near Windsor Junction 96
Freight Cars 140
Freight Rates 87
Goods duty free 91
Ties 141
Interior, Annual Report ... 25
Interior Department Officials 110
International Boiindary 65
Irrigation in the North-west 25a, 45
J
Jesus River .'. 107
Justice, Annual Report 34
K
Kars, N.B 127
li
Labour, Department of, Annual Report ... 36
Lake Erie ] 25
Lake Nipissing Surveys 106
Lakes Simcoe and Couchiching 119
L' Assomption Post Office 122, 122a
Law Library, Privy Council 58
Library of Parliament, Annual Report 33
List of Shipping 216
OT
Manitoba School I^ands 117
Manitoba School Question 152, 153
Marine, Annual Report 21
Martineau Defalcation 296, 29c, 29d
Mathurin, Joseph A 112
M
Measures, Inspection of 13
Militia and Defence, Annual Report 35
Montreal Dry Dock 104
Montreal Port 123
Montreal Subway Co 75
Montreal, Wharf in 108
Mounted Police ; 28
Mutual Reserve Life Insurance Co 147, 147a
IWIc
McNee, Archibald 134
N
National Transcontinental Railway 143
New Brunswick Representation 54
Newspapers, Money paid to 72, 72a
Nord, Riviere du 135
North Atlantic Trading Co 146
North-west Irrigation 25a, 45
North-west Mounted Police 28
North-west Territories, Autonomy. .116, 116a, 1166
North-west Territories, Customs and Excise 137
North-west Territories, Naturalization in . . 136
O
Ottawa, Government Offices in . . ....... 105
Ottawa Improvement Commission ... 40
Ottawa River Surveys 106
Over-rulings of Treasury Board 42
P
Pacific Cable 89
Paradis, Amable 88
Penitentiaries, Annual Report as to 34
Police, North-west Mounted 28
Postmaster General, Annual Report 24
Privy Council, Law Library for 58
Provincial Subsidies ... 68
Public Accounts, Annual Report "f . . 2
Public Printing and Stationery 32
Public Works, Annual Report 19
Pulp wood from Three Rivers . . Ill
Qu'Appelle, Long Lake and Saskatchewan
Co 132,132a, 1326
Quebec Bridge 148
Quebec Claims 144
Quebec Harbour Improvements 103
Quebec Military Riding School 109
Quebec-New York International Boundary 65
R
Railway Accidents 74
Railways and Canals, Annual Report 20
Rifle Factory 52
Riviere du Nord 135
3 Edw. YII.
Alphabetical Index to Sessional Papers.
A. 1903
»
s
School Lands in Manitoba 117
School Question, Manitoba 152, 153
Schooner Euxine 92
Secretary of State, Annual Report 29
Shareholders in Chartered Banks 6
Shipping, List of 216
Short Line Railway 139
South Africa, Canadian Contingents to 35a
South Eastern Valley Railway 85
Standard Grain- Weigher 80
Steamer Service to South Africa 124
Steamship Service, Fast . . 101
St. Lawrence River 123
Strikes during past year 100
Subsidies to Provinces 68
Sugar Imports - 97
Supplies for Imperial Government 128
T
Terrebonne Post Office 71
Three Rivers, Pulp wood from Ill
Tobacco Trade 62
Toronto Public Works 121
Trade and Commerce, Annual Report 10
Trade and Navigation, Annual Report 11
Trade CTnions 59
Transportation, Commission re 93
Treasury Board Over-rulings 42
Trent Valley Canal 86
Unclaimed Balances in Banks 7
Unforeseen Expenses 41
United Counties Railway 85
United States, Government Works of 125
V
Vegetables from United States 64
Vessels, List of 216
Volunteer Force 99
Warrants, Governor General's . . 37
Weights, Measures, &c 13
West Lome Station, Accident at 114
W^harf in Montreal 108
Winter Steamers 98
Wood for Export 129, 130
Woodstock, N.B., Drill Shed 95,95a
Woodstock, N.B., Post Office 120
Y
Yukon :
A. N. C. Treadgold 63, 63a
Newspapers, Money Paid to , 57
Ordinances 44
Regulations 145
3 Edw. YII. List of Sessional Papers. A. 1903
See also A.lpliabetical Index, page 1.
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 Parliament ; the Name of the Member who
moved for each Sessional Paper, and whether it is ordered to be Printed or Not
Printed.
CONTENTS OF VOLUME A.
Census of Canada, 1901. First Volume , Printed for both distribution and sessional papers.
CONTENTS OF VOLUME 1.
(This volume is bound in two parts.)
1. Report of the Auditor General, for the fiscal year ended 30th June, 1902. Presented 13th March, 1903,
by Hon. W. S. Fielding.. Printed for both distribution and sessional papers.
CONTENTS OF VOLUME 2.
2. Public Accounts of Canada, for the fiscal year ended 30th June, 1902. Presented 13th March, 1903,
by Hon. W. S. Fielding Printed for both distribution and sessionnl papers.
3. Estimates of the sums required for the services of Canada, for the year ended 30th June, 1904. Pre-
sented 16th March, 1903, by Hon. W. S. Fielding. .Printed for both distribution and sessional papers.
4. Supplementary Estimates for the year ending 30th June, 1903. Presented 31st March, 1903, by Hon.
W. S. Fielding Printed for both distribution and sessional papers.
5. Further Supplementary Estimates for the year ending 30th June, 1903. Presented 17th Jime, 1903,
by Hon. W. S. Fielding Printed for both distribution and sessional papers.
5a. Supplementary Estimates for the year ending 30th June, 1904. Presented 1st October, 1903, by Hon.
W. S. Fielding Printed for both distribution and sessional papers.
5b. Further Supplementary Estimates for the year ending 30th June, 1904. Presented 14th October,
1903, by Hon. W. S. Fielding Printed for both distribution and sessional papers.
5c. Further Supplementary Estimates for the year ending 30th June, 1904. Presented 21st October,
1903, by Hon. W, S. Fielding Printed for both distribution and sessional papers.
6. List of Shareholders in the Chartered Banks of Canada, as on 31st December, 1902. Presented 20th
April, 1903, by Hon. W. S. Fielding.
Printed for both distribution and sessional papers.
"7. Report of dividends remaining unpaid, unclaimed balances and unpaid drafts and bills of exchange in
Chartered Banks of Canada, for five years and upwards, prior to December 33, 1902. Presented
1st June, 1903, by Hon. W. S. Fielding Printed for both distribution and sessional papers.
CONTENTS OF VOLUME 3.
8. Reix)rt of the Superintendent of Insurance, for the year ended 31st December, 1903. Presented
2l8t August, 1903, by Hon. W. S. Fielding Printed for both distribution and sessional papers.
9. Abstract of Statements of Insurance Companies in Canada, for the year ended 31st December, 1902.
Presented 6th April, 1903, by Hon. W. S. Fielding.
Printed for both distribution and sessional papers.
5
8 Edw. VII. List of Sessional Papers. - A. 1903
CONTENTS OF VOLUME 4.
10. Report of the Department of Trade and Commerce, for the fiscal year ended 30th June, 1902. Pre-
sented 16th March, 1903, by Sir Richard Cartwright.
Printed for both distribution and sessional papers-
10«. Correspondence in connection with the German tariff. Presented 16th April, 1903, by Hon. W. S.
Fielding Printed for distribution.
CONTENTS OF VOLUME 5.
11. Tables of the Trade and Navigation of Canada, for the fiscal year ended 30th June, 1902. Presented
13th March, 1903, by Hon. W. Paterson Printed for both distribution and sessional papers.
CONTENTS OF VOLUME 6.
12. Inland Revenues of Canada. Excise, etc., for the fiscal year ended 30th June, 1902. Presented 13th
March, 1903, by Hon. M. E. Bernier Printed for both distribution aiid sessional papers.
13. Inspection of Weights, Measures, Gas and Electric Light, for the fiscal year ended 30th June. 1902.
Presented 13th March, 1903, by Hon. M. E. Bernier.
Printed for both distribution and sessional papers.
14. Report on Adulteration of Food, for the fiscal year ended 30th June, 1902. Presented 13th March,
1903, by Hon. M, E. Bernier. Printed for both distribution and sessional papers.
15. Report of the Minister of Agriculture, for the year ended 31st October, 1902. Presented 13th March,
1903, by Hon. W. S. Fielding Printed for both distribution and sessional papers.
16. Report of the Director and Officers of the Experimental Farms, for the year 1902. Presented 28th
April, 1903, by Hon. W. S. Fielding Printed for both distribution and sessional papers.
CONTENTS OF VOLUME 7.
1 7. Criminal Statistics for the year ended 30th September, 1902. Presented 12th October, 1903, by Hon.
S. A Fisher Printed for both distribution and sessional papers.
18. Report on Canadian Archives, 1902. Presented 25th June, 1903, by Hon. S. A. Fisher.
Printed for both distribution and sessional papers.
19. Report of the Minister of Public Works, for the fiscal year ended 30th June, 1902. Presented 12th
March, 1903, by Hon. J. Sutherland.' Printed for both distribution and sessional papers.
CONTENTS OF VOLUME 8.
20. Annual Report of the Department of Railways and Canals, for the fiscal year ended 30th June, 1902,
Presented 16th June, 1903, by Hon. A. G. Blair. , . Printed for both distribution and sessional papers.
21. Report of the Department of Marine and Fisheries (Marine), for the fiscal year ended 30th June,
1902. Presented 19th March, 1903, by Hon. J. R. Prefontaine.
Printed for both distribution and sessional papers.
21a. Fourth Annual Report of the Geographic Board of Canada, 1902.
Printed for both distribution and sessional iMpers.
CONTENTS OF VOLUME 9.
216, List of Shipping issued by the Department of Marine and Fisheries, being a List of Vessels on the
registry books of Canada, on the 31st December, 1902. Presented 5th August, 1903, by Hon. J. R.
Prefontaine Printed for both distribution and sessional papers.
22. Report of the Department of Marine and Fisheries (Fisheries), for the fiscal year ended 30th June,
1902. Presented 13th March, 1903, by Hon. J. R. Prefontaine.
Printed for both distribution and sessional papers.
23. Report of the Harbour Commissioners, etc., 1902.. . .Printed for both distribution and sessional papers.
6
3 Edw. VII. List of Sessional Papers. A. 1903
CONTENTS OF VOLUME 10.
24. Report of the Postmaster General, for the year ended 30th June, 1902. Presented 13th March, 1903,
by Sir William Mulock Printed for both distribution and sessional papers.
25. Annual Reix)rt of the Department of the Interior, for the fiscal year ended 30th June, 1902. Pre-
sented 13th March, 1903, by Hon. C. Sifton Printed for both distribution and sessional papers.
25a, Irrigation in the North-West Territories of Canada. Issued by the Department of the Interior.
Printed for both distribution and sessional papers.
CONTENTS OF VOLUME 11.
26. Summary Report of the Geological Survey Department for the calendar year 1902. Presented 8th
October, 1903, by Sir Wilfrid Laurier Printed for both distribution and sessional papers.
27. Annual Report of the Department of Indian Affairs, for the fiscal year ended 30th June, 1902. Pre-
sented 13th March, 1903, by Hon. C. Sifton Printed for both distribution and sessional papers.
27a, Schedule of Indian Reserves in the Dominion. Supplement to Annual Report of the Department of
Indian Affairs, 1902 Printed for both distribution and sessional papers.
CONTENTS OF VOLUME 12.
28. Report of the North- West Mounted Police, 1902. Presented 16th March, 1903, by Sir Wilfrid Laurier.
Printed for both distribution and sessional papers.
29. Report of the Secretary of State of Canada, for the year ended 31st December, 1902. Presented
18th March, 1903, by Sir Wilfrid Laurier Printed for both distribution and sessional papers.
29rt. Papers relating to a conference between the Secretary of State for the Colonies and Prime Ministers
of self-governing Colonies. Colonial Conference, 1902. Presented 9th June, 1903, by Sir Wilfrid
Laurier Printed for both distribution and sessional papers.
29b, Report of the Commission to inquire into the Martineau defalcation, etc. Presented 15th June, 1903,
by Hon. W. S. Fielding Printed for both distribution and sessional papers .
29e. Statement by the Auditor General, on the Report of the Commission to inquire into the Martineau
defalcation. Presented 4th August, 1903, by Hon. W. S. Fielding.
Printed for both distribution and sessional papers ,
29d, Correspondence with the Auditor General re Treasury Board regulations arising from the Martineau
defalcations. Presented 2oth September, 1903, by Hon. W. S. Fielding.
Printed for both distribution and sessional papers.
30. Civil Service List of Canada, 1902. Presented 18th March, 1903, by Sir Wilfrid Laurier,
Printed for both distribution ami sessional papers .
31. Report of the Board of Civil Service Examiners, for the year ended 3l8t December, 1902. Presented
25th March, 1903, by Hon. W. S. Fielding Printed for both distribution and sessional papers.
32. Annual Report of the Department of Public Printing and Stationery, for the year ended 30th June,
1902. Presented 8th April, 1903, by Sir Wilfrid Laurier.
Printed for both distribution and sessional papers .
33. Report of the Joint Librarians of Parliament for the year 1902. Presented 12th Marcli, 1903, by the
Hon. The Speaker Printed for sessional papers.
CONTENTS OF VOLUME 13.
3 4. Report of the Minister of Justice as to Penitentiaries of Canada, for the year ended 30th June, 1902,
Presented 13th March, 1903, by Hon. C. Fitzpatrick.
Printed for both distribution and sessional papers .
35. Report of the Department of Militia and Defence of Canada, for the year ended 31st December,
1902. Presented 23rd March, 1903, by Sir Frederick Borden.
Printed for both distribution and sessional papers.
35a. Further Supplementary Report of the Department of Militia and Defence :— Organization, equip-
ment, despatch and service of the Canadian Contingents during the war in South Africa, 1899-1902.
Printed for both distribtttion and sessional papers.
7
3 Edw. VII. Ligt of Sessional Papers. A. 1903
CONTENTS OF VOLUME U^Continued.
36. ReiMirt of the Department of Labour, for the year ended 30th June, 1902. Presented 17th March,
1903, by Sir William Mulock Printed for both distribution and sessional papers.
36a. Reix)rt of the Royal Commission on Industrial Disputes in the province of British Columbia
Presented 24th August, 1903, by Sir William Mulock.
Printed for both distribution and sessional papers.
37. Statement of Governor General's Warrants issued since the last session of parliament, on account of
the fiscal year 1902-1903. Presented 13th March, 1903, by Hon. W. S. Fielding Not printed.
38. Statement in pursuance of section 17 of the Civil Service Insurance Act, for the fiscal year ending
30th June, 1502. Presented 16th March, 1903, by Hon. W. S. Fielding Not printed.
39. Statement of all superannuations and retiring allowances in the civil service during the year ended
31st December, 1902, showing name, rank, salary, service, allowance and cause of retirement of each
person superannuated or retired, also whether vacancy filled by promotion or by new appointment,
and salary of any new appointee. Presented 16th March, 1903, by Hon. W. S. Fielding.
Not printed .
40. Statement of receipts and expenditures of the Ottawa Improvement Commission, for the fiscal year
ended 30th June, 1902. Presented 16th March, 1903, by Hon. W. S. Fielding Not printed.
41. Return showing the expenditure on account of unforeseen expenses from the 1st July, 1902, to the
12th March, 1903. Presented 16th March, 1903, by Hon. W. S.^ielding Not printed,
42. Return of over-rulings by the treasury board of the auditor general's decisions between the com-
mencement of the session of 1902 and that of 1903. Presented 16th March, 1903, by Hon. W. S.
Fielding Not printed.
43. Statement of the affairs of the British Canadian Loan and Investment Company, as on the 31st
December, 1902. Presented 17th March, 1903, by the Hon. The Speaker Not printed.
44. Ordinances of the Yukon for 1902. Presented 18th March, 1903, by Sir Wilfrid Laurier.
Not printed.
45. Return of orders in council which have been published in the Canada Gazette between 1st January
and 31st December, 1902, in accordance with the provisions of section 52 of the North-west Irriga-
tion Act, chapter 35 of 61 Victoria. Presented 20th March, 1903, by Sir William Mulock.
Not printed.
46. Return of orders in council which have been published in the Canada Gazette between 1st January
* and 31st December, 1902, in accordance with the provisions cf clause 91 of the Dominion Lands
Act, chapter 54 of the Revised Statutes of Canada and its amendments. Presented 20th March,
1903, by Sir William Mulock Not printed.
4?. Return of orders in ^council which have been published in the Canada Gazette and in the British
Columbia Gazette, between 1st January and 31st December, 1902, in accordance with the provisions
of subsection (d.) of section 38 of the regulations for the survey, administration, disposal and
management of Dominion lands within the 40-mile railway belt in the province of British Columbia.
Presented 20th March, 1903, by Sir William Mulock Not printed.
48. Return (in so far as the Department of the Interior is concerned) of copies of all orders in council,
plans, papers and correspondence which are required to be presented to the House of Commons,
under a resolution passed on 20th February, 1882, since the date of the last return under such
resolution. Presented 20th March, 1903, by Sir William Mulock Not printed.
49. Return to an order of the House of Commons, dated 23rd March, 1903, showing the total cost of
taking of the Census for 1871, 1881, and 1891. Also the amount paid on account of the taking of
the Census for 1901, up to 1st March, 1903. Also a statement showing the nature of the information
given in the Census of 1891 and of 1901, and the mode of remuneration of the enumerators on each
occasion. Presented 27th March, 1903.— Afr. Sproule , Not printed.
50. Return to an address of the House oi Commons, dated 16th March, 1903, for copies of all correspon-
dence exchanged since last session between the Canadian government and the British authorities on
the subject of the embargo on Canadian cattle. Presented 27th March, 1903.— Mr. Monet.
Printed for both distribution and sessional papers.
51. Return to an address of the House of Commons, dated 16th March, 1903, for copies of all petitions,
orders in council, correspondence, documents and papers in connection with the conviction and im-
prisonment of one Arthur Brunet, of the city of Montreal, convicted of offences against the
Dominion Elections Act, 1900 ; and the pardon, reprieve, or release of the said Arthur Brunet from
jail. Presented 1st April, 1903.— Mr. Casgrain Not printed.
8 '
3 Edw. VII. List of Sessional Papers. A. 1903
CONTENTS OF VOLUME IS -■- Continued,
5 la. Supplementary return to No. 51. Presented 14th April, 1903 JVot printed.
52. Return to an address of the House of Commons, dated 16th March, lti03, for copies of all contracts,
agreements, deeds, correspondence, documents and papers in connection with the establishment in
the city of Quebec of a factory for the manufacture of rifles, by Sir Charles Ross, or by Sir Charles
Ross and others. Presented 1st April, 1903. — Mr. Casgram Not printed.
53. Return showing remissions of interest made under section 141, as added to the Indian Act by section
8, chapter 35, 53-59 Victoria, for the year ended 30th June, 1902. Presented 7th April, 1903, by Sir
William Mulock Not printed.
54. Papers in connection with the representation of the province of New Brunswick in the House of
Commons, as follows : — 1. Minute of executive council of New Brunswick, 18th March, 1903.
2. Letter to Sir Wilfrid Laurier from sub-committee of the executive council of New Brunswick,
supplementing minute of council on above subject. 3. Report of privy council, 6th April, 1903.
Presented 8th April, 1903, by Hon. C Fitzpatrick . . . , ... Not printed.
55. Return of all lands sold by the Canadian Pacific Railway Company, from the 1st October, 1901, to
the 1st October, 1902. Presented 8th April, 1903, by Sir William Mulock Not printed.
56. Return to an order of the House of Commons, dated 23rd March, 1903, for a statement giving :-^l.
The names of all immigration agents employed by the government in foreign countries. 2. The
names of the countries wherein each of such agents doe>s his work. 3. The place of residence of each
one of such agents. 4. The salary paid to each one of them. 5. The travelling expenses paid to
each one of them. 6. The office expenses and other expenses made or incurred by each one of such
agents during the last year of his employment. Presented 8th April, 1903. — 3Ir. Bourassa.
Not printed
57. Return to an order of the House of Commons, dated 30th March, 1903, for a statement of all moneys
paid by the government, or in its behalf, to any newspapers in the Yukon district, since the 30th of
June last ; stating the names of the newspapers. Presented 8th April, 1903. — Mr. Monk and Sir
Charles Hibhert Tupper Not printed.
58. Return to an order of the House of Commons, dated 16th March, 1903, for copies of all documents,
letters, correspondence and papers in connection with the establishment in London of a law library
for the use of counsel retained in cases before the judicial committee of the privy council. Presented
8th April, 1903.— ilfr. Cas'jrain Not printed.
59. Annual return under chapter 131 R.S.C., intituled : "An Act respecting Trade Unions." Presented
15th April, 1903, by Sir Wilfrid Laurier Not printed.
60. Return of the names and salaries of all persons appointed to or promoted in the several departments
of the civil service, during the calendar year 1932. Presented 15th April, 1903, by Sir Wilfrid
Laurier Not printed.
61. Detailed statement of all bonds and securities registered in the department of the secretary of state of
Canada, since last return, 19th February, 1902, submitted to the parliament of Canada under section
23, chapter 19 of the Revised Statutes of Canada. Presented 15th April, 1903, by Sir Wilfrid
Laurier. .' , , Not printed,
62. Royal Commission re the Tobacco Trade of Canada. Report of the Commissioner. Presented 16th
April, 1903, by Hon. H. G. Carroll Printed for both distribution and sessional papers .
63. Return to an address of the House of Commons, dated 23rd March, 1903, for copies of all correspon-
dence, orders in council, or applications, relating to or concerning the grant or concession to A. N. C .
Treadgold, or to the Hydraulic Mining Syndicate, either separately or associated with A. N. C.
Treadgold, of claims, rights or privileges, on Bonanza, Bear, and Hunker Creeks, or their tributa-
ries, or elsewhere in the Yukon. Presented 16th April, 1903. —Mr. Bell.
Printed for both distribution and sessional papers .
63a. Copy of instructions to the commissioner to conduct a public inquiry in relation to the grant or
concession in the Yukon territory to A. N. C. Treadgold or others. Pre&ented 8th June, 1903, by
Sir Wilfrid Laurier. ... Not printed.
64. Return to an order of the House of Commons, dated 6th April, 1903, showing : 1. The quantity of
vegetables entered at the custom-house at Montreal, as imported from the United States, from the
first of February, 1902, to the first of March, 1903. 2. The quantity of vegetables entered at the
custom-house at Toronto, as imported from the United States, from the first of February, 1902, to
the first of March, 1903. 3. The amount of duty levied and collected in each case respectively,
Presented 20th April, 1903.— i»fr. Borden (Halifax) Not printed.
2 9
3 Edw. VII. List of Sessional Papers. A. 1908
CONTENTS OF VOLUME IS— Continued.
65. Joint report of the survey and renionumenting of the Quebec-New York International Boundary— W.
F, King, Chief Astronomer (Canada) : Edward A. Bond, State Engineer and Surveyor, New York
(U.S.). Presented 20th Ajn-il, 1903, by Sir William Mulock Printed for sessional papers.
66. Return to an address of the Senate, dated 19th March, 1903, for copies of all orders in council dis-
allowing acts passed by the different legislatures from the date of the last return made to parliament,
together with copies of the reports to. council of ministers of justice giving the reasons for such
disallowance. Presented (Senate) 17th April, 1903.— ^on. Sir Mackenzie Bowell Not printed.
67. Return to an address of the Senate, dated 20th March, 1903, for copies of all corresixjndence between
the government of the Dominion and the governments of the different provinces, and of the terri-
torial government of the North-west Territorj'-, relating to the disallowance of any act passed by such
governments from the date of the last return made to parliament. Presented (Senate) 17th April,
1903.— ^Ton. Sir Mackenzie Bowell Not printed.
68. Return to an address of the House of Commons, dated 30th March, 1903, for copies of the correspon-
dence exchanged between the government and tlie different provincial legislatures on the subject of
the increase of the subsidies ytaxd to the provinces in virtue of the British North America Act.
PresentM 27th April, 1903. —Mr. Lemieux Printed for sessional papers.
69. Return to an order of the House of Commons, dated 23rd March, 1903, for copies of all correspondence
between the government, or any member of the government, and W. W. Fitzgerald, of Grenfell,
Assa., or any one in his behalf, regarding his homestead and pre-emption, which were cancelled.
Presented 27th April, 1903. —Mr. Sproule Not printed.
70. Return to an order of the Hotise of Commons, dated 23id March, 1903, for copies of all correspondence.
letters, documents, etc., relating to the difficulties in regard to the Indian reserve of Doncaster, in
the county of Terrebonne. Presented 27th April, 1903. — Mr. Desjardins , Not printed.
71. Return to an order of the House of Commons, dated 23rd March, 1903, for copies of all correspondence,
letters and documents relating to the request made to the federal government in connection with the
building of a post office in the town of Terrebonne, county of Terrebonne. Presented 27th April,
1903. — 3Ir. Desjardins Not printed.
72. Return to an order of the House of Commons, dated 30th March, 1903, for a statement showing in
detail amounts of money paid to newspapers, newspaper companies, newspaper owners, or agents of
publicity, in the United Kingdom, France, or the United States, since the 30th of June last. Pre-
sented 28th April, 1903.— il/r. Monk Not printed.
72a, Supplementary return to No. 72. Presented 15th May, 1903 Not printed.
73. Return to an order of the House of Commons, dated 30th March, 1903, for a statement showing : 1.
The total amount paid to date by the government to the Grand Trunk Railway Company, for a
, lease of line from Ste. Rosalie to Montreal. 2. Total amount paid to date by the same to the same,
for crossing facilities over the Victoria bridge. 3. Total amount paid from the same to the same, as
the government's share of improved terminal facilities at Bona venture depot. Presented 28th April,
1903.— ilfr. Monk Not printed.
74. Return to an order of the House of Commons, dated 9th April, 1902, showing : 1. The number of
cattle, sheep and horses killed by engines on all Canadian railways during each year since 1890; (a.)
at points of intersection of highways ; (b.) elsewhere on the lines. 2. How many engines and cars,
if any, were derailed or disabled on all Canadian railways during each year since 1890, owing to their
striking cattle, sheep and horses ; (a.) at points of intersection of highways; (b.) elsewhere on the
lines. 3. How many railway employees a,nd passengers, if any, were killed or injured on all Cana-
dian railways during each year since 1890, on account 6f engines striking cattle, sheep and horses ;
(a.) at points of intersection of highways ; (b.) elsewhere on the lines. 4. What is the total esti-
mated value of the cattle, sheep and horses killed on all Canadian railways, during each year since
1890 ; owing to their being struck by engines. 5. What is the total estimated damage to rolling
stock and other railway property on all Canadian railways during each year since 1890, caused by
collisions with cattle, sheep and horses. 6. How many trains have been derailed or partly derailed
on all Canadian railways during each year since 1890, owing to the action of frost on the road-bed at
points where the old pit cattle-guards were in existence. Presented 28th April, 1903.— il/r. Erb.
Printed for sessional papers.
10
3 Edw. VII. List of Sessional Papers. ^ A. 1903
CONTENTS OF VOLUME IS-- Continued.
75. KeUirn to an address of the House of Commons, dated 30th March, 1903, for copies of all plans and
specifications submitted for approval by the Montreal Subway Company ; copies of the order in
council, if any, approving of such plans. Also of any report of the. progress of the work ; statement
showing the amount of money spent on the undertaking ; the amount of the deposit made by the
company ; and all papers or correspondence relating to the enterprise. Presented 28th April, 1903.
— Mr. Tarte Not printed.
76. Return to an address of the House of Commons, dated 6th April, 1903, of all papers, documents and
correspondence between the department of railways and canals, the department of justice, the treas-
ury board and the auditor general, or between any of them, relating to the promotion of Mr. F. A.
Dixon to the rank of chief clerk, at a salary of $1,800 a year ; to take effect from July 1, 1902, and
the payment of said salary ; and including amongst other papers the report of tho deputy head of
. the department of railways and canals, as provided for by subsection (a) of section 15 of the Civil
Service Act ; the minute or memorandum of concurrence of the minister of railways in said report ;
and a copy of the order in council creating such chief clerkship ; pursuant to section 15 of said Act,
and of the order in council in this matter of May 20th, 1902 ; and including all papers, documents,
letters and proceedings in this matter, referred to on pages A — 49, 50, 51, 52, 53, 54 and 55 of the
Auditor General's Report for the year ending June, 1902. Presented 28th April, 1903. — Mr.
Lennox , Not printed.
77. Return to an order of the House of Commons, dated 6th April, 1903, for copies of all telegrams,
reports, letters, photographs, and correspondence, of every description, between the department of
agriculture, and any person, or persons, whatsoever, relevant to the outbreak of hog cholera in the
township of Yarmouth, Ontario. Presented 28th April, 1903.— il/r. Ingram .Not printed,
78. Return to an address of the House of Commons, dated 30th March, 1903, for copies of all orders in
council, correspondence, despatches and documents, relating to the disallowance by the governor in
council of statutes of the province of British Columbia, during the past five years. Presented 30th
April, 1903. — Mr. Borden (Halifax) Printed for both distribution and sessio7ial papers.
78a. Supplementary return to No. 78. Presented 7th May, 1903.
Printed for both distribution and sessional papers .
79. Return to an address of the House of Commons, dated 2nd April, 1903, for copies of all judgments
or opinions delivered by the supreme court of Manitoba, touching the alleged rights of exemption
from taxation, claimed by the Canadian Pacific Railway Company, in respect of the land of the said
company, in the North-west Territories, or in Manitoba. Presented 30th April, 1903. — Mr. Borden
(Halifax) Printed for sessional papers .
80. Return to an order of the House of Commons, dated 2nd April, 1903, showing all correspondence
between the inland revenue department and manufacturers of automatic grain-weighers, used on
threshing machines, in Manitoba and the North-west Territories. Between the inland revenue
department and inventors of automatic grain-weighers for threshing machines. Between the inland
revenue department and thresher men using automatic grain-weighers, in Manitoba and the
North-west Territories. Also a copy of report of chief inspector and scale architect re the Standard
Grain-weigher, manufactured by the Globe Manufacturing Company of Winnipeg. Presented 30th
April, 1903. — Mr. Stewart Not printed.
81. Return to an order of the House of Commons, dated 15th April, 1903, for copies of lease made
between the Superintendent General of Indian Affairs and S. G. Holbrook and Adam S. Benn
for the south half of lot number twelve, concession two, township of Tuscarora, county of Brant, also
of lease made by said superintendent general to one Gibson for south half of lot number five, in said
township, for better identification, both said half lots belonging to or for the benefit of Indian
locatee, Robert S. Sawyer ; also of lease or agreement for or in reference to one of said half lots
made (previous to said leases to Holbrook and Benn and Gibson) by said superintendent general, or
the late Indian agent. Captain Hugh Stewart, to or with one R. jBrant ; also of all indorsements
made on the said leases, or any of them ; also of all other agreements or writings* made by or between
said superintendent general, or Indian agent Daniel J. Lynch, and said Holbrook and Benn in
reference to the said lease to them ; also of all receipts or acknowledgments made to the department
having charge of Indian affairs, or the said Lynch, of or for rent or other payments made by the said
Holbrook and Benn, or either of them, under or in connection with the said lease to them, or having
reference to or in connection with the lands mentioned therein ; also of all letters or correspondence
11
3 Edw. VII. List of Sessional Papers. A. 1903
CONTENTS OF VOLUME IS— Continued.
between the said depaitmentorjlndian agent, the late Captain Hugh Stewart and Daniel J. Lynch, and
the said Ht)lbrook and Benn, Gibson and Brant, or either or any of them, or from or to either or any
of them to the other of them, in reference to or in connection with any or either of the matters or
things above mentioned, or in reference to or in connection with a certain order for ten dollars, dated
the third of April, nineteen hundred and one, made by said Sawyer on Hugh Stewart, late Indian
agent, in favour of said Holbrook ; also copies of all letters or correspondence between said
department and said Indian agent, Daniel J, Lynch, or by or from either and each to the other, in
connection with or in reference to any or either of the said matters or things ; also statement in
detail showing all moneys received by the snid dei>artment from said Indian agent, DanielJ. Lynch, for
or on account of any of the said matters and things aforesaid, with dates, items and amounts, and
for which, and what ; and also to or for what, and for and by whom, such money was paid out or
applied ; also of any petitions, or writings in the nature of petitions, in reference to Indian sfgent
Daniel J. Lynch, and the names of those signing the same ; also of all other documents, papers and
writings in connection with or in reference to all or any or either of the matters aforesaid. Presented
5th May, 1903.— Mr. Tisclale Not printed.
82. Return to an order of the House of Commons, dated 6th April, 1903, for a statement in detail of
amounts paid for travelling expenses, in connection with the Census of 1891, to any census
commissioner, in the province of Quebec, since 30th June, 1902 ; with names of officers to whom such
travelling expenses were paid ; and the places such officer travelled to. Presented 5th May, 1903. —
Mr. Borden (Halifax) Not printed .
83. Return to an address of the House of Commons, dated 15th April, 1903, for copy of the contract
entered into between the government and the Canadian Construction Company, for enlargement and
improvement of the Farran's Point canal, and the profiles, plans, drawings, and specifications in
connection therewith ; all accounts and claims by the said contractors, for extras or damages under
or in connection with this contract ; and particularly claims Nos. 86, 9 and 10, made by the contrac-
tors. Copy of the order in council of February 5th, 1900, authorizing the payment of $70,309.74 to
the Construction Company. And a return of all pai)ers, documents, letters, memoranda, orders in
council, and rulings of the honourable the treasury board, in reference to the items 86, lock founda-
tion on rock, $9,588.50 ; 9, extra un watering of prism, $7,534.28, as referred to on pages A — 24 to
A — 36, inclusive, of the Auditor General's Report for the year ending 30th June, 1902. Presented
6th May, 1903. — .1!fr. Lennox Not printed.
84. Partial return to an order of the House of Commons, dated 16th March, 1903, for copy of the full and
each partial report of Half-breed Commissioners for each of their sittings since the first of January?
1900. Also a list of all applications made for scrip, names and residence of applicants whose
applications have been received ; and class of scrip issued in each case. Also list of all applications
made for scrip, names and residence of applicants whose applications were not accepted ; and the
reason or reasons for refusing the same. Presented 7th May, 1903.— iHfr. LaRiviere . . .Not printed.
84a. Supplementary return to No. 84. Presented 29th June, 1903.
86. Return to an address of the House of Commons, dated 25th March, 1903, for copies of all correspon-
dence received by the government, and of all answers made thereto, concerning the South Eastern
Valley Railway, and the United Counties Railway. Also copies of all reports that may have been
made regarding the actual condition of such railways. Presented 12th May, 1903.— Mr. Tarte.
Not printed .
86. Return to an order of the House of Commons, dated 4th May, 1903, for copies of all engineers'
reports, specifications, estimates and correspondence in reference to surveys made between Rice Lake
and Lake Ontario, in connection with the Trent Valley Canal. Presented 12th May, 1903. — Mr.
Ward Not printed.
87. Return to an order of the House of Commons, dated 4th May, 1903, showing the rates over the
Intercolonial Railway for live stock, coal, lumber, and for freight under classes 1 — 10, between
Stellarton and West River ; and between Stellarton and Antigonish, and between Stellarton and
Pictou Landing, at present in force. Also showing rates for same classes between same points in
1897. Presented 12th May, 1903.— Mr. BeU.. Not printed.
88. Return to an order of the House of Commons, dated 4th May, 1903, for a copy of the correspondence,
reports, and any other documents, in the department of public works, in respect to the claim of
Amable Paradis, of Whitford, Alberta, for the services of a ferry boat and transportation upon the
same. Presented 12th May, 1903.— Mr. LaRiviere Not printed.
12
3 Edw. VII. List of Sessional Papers. A. 1903
CONTENTS OF VOLUME U^Conttnued.
89, Correspondence in continuation of corresix)ndence already brought down respecting agreement be-
tween Australia and the Eastern Extension Company with reference to the Pacific cable. Presented
13th May, 1903, by Sir Wilfrid Laurier .Printed for both distribution and sessional papers.
90. Return to an address of the House of Commons, dated 16th March, 1903, for copies of all papers,
documents, letters, correspondence, etc., in relation to the proceedings for the extradition of one
John Francis Gaynor, and one Benjamin D. Greene. Presented 13th May, 1903. — Mr. Casgrain.
Not printed.
^1. Return to an order of the House of Commons, dated 2nd April, 1903, for a record of all goods of what-
soever kind entered by the Intercolonial Railway duty free, for use of said railway. Presented
26th May, 1903.— ilf?-. Borden (Halifax) Not printed.
92. Return to an'address of the House of Commons, dated 30th March, 1903, for copieij of all correspon-
dence, orders in council, and other papers, in c^mnection with the prosecution by the custom depart-
ment, for the scuttling of the schooner Euxine, of Margaree Island, while reported on a smuggling
expedition, from St. Pierre, Miquelon. Presented 26th May, 1903. — Mr. McLennan. ..Not printed.
93. Return to an address of the House of Commons for a copy of the Report of the Comnjittee of the
Honourable the Privy Council, approved by the Governor General on the 19th May, 1903, covering
the appointment of a Commission, composed of Sir William Van Home, John Bertram and Harold
Kennedy, to re|X)rt on questions affecting the transportation of Canadian products to the markets
of the world through and by Canadian ports, etc. Presented 27th May, 1903. Mr. Sutherland
(Oxford) Printed for loth distribution and sessional papers.
S4. Return to an order of the House of Commons, dated 25th February, 1901, of the following
data, correspondence, letters and reports, between General Hutton and Lieutenant-Colonel
Sam. Hughes ; or concerning the action of the latter in volunteering men for service of the
British Empire in connection with the South African struggle. 1. Address, official, Major
General Hutton to the District Officers Commanding and Commanding Officers of Regiments,
at his first inspection, 1898. 2. Letter, Major General Hutton to Lieutenant-Colonel S. Hughes
asking for criticism of and suggestion re same. 3. Oflficial reply of Lieutenant-Colonel S'
Hughes. 4. Letters, Lieutenant-Colonel Hughes to General Hutton, 6?/ request, re : — (a.) Cana-
dians in wars of 1812, 1837, 1866, 1870 and 1885, and offering to raise a corps for Imperial
service, (b.) Copies of former applications to Imperial and Canadian authorities for Colonial assis-
tance in Imperial wars, and renewed offer of service, (c.) Plans for Colonial Brigade in Imperial
wars ; and renew^al of offer to raise a corps, 5. Requests, (General Hutton to Colonel Hughes, to
state his qualifications and record as soldier, and to show why a Permanent Corps officer should not
be preferred. 6. Circular letter, General Hutton to Honourable Colonel Gibson and Council of the
Dominion of Canada Rifle Association. 7. Reply of Honourable Colonel (xibson to General Hutton.
8. Reply of Council of D.R.A. 9. The plan originally proposed by General Hutton of Annual
Camps, making 3 and 4 Military Districts drill in September, while 1, 2, 5 and 6 should drill in
June, annually. 10. Report or communication of General Hutton to the Canadian press just prior
to the opening of the Session of Parliament, 1899, that no Member of Parliament would be allowed
to speak on military questions in the House of Commons, if he were also a militia officer, without
peimission of General Hutton. 11. Reports, or data, on same subject to the Minister of Militia and
Defence. 12. The proposals of General Hutton to amend the law, or regulations and orders, so as
to prevent militia officers retaining commission if or while a Member of Parliament. 13. Report by
request. Colonel Hughes to General Hutton re staff ride. 14. The authority under the law which
makes the application of Colonel Hughes, 24th July, 1899, to Honourable Dr. Borden, Minister of
Militia, an irregularity and breach of militarii discipline, vide General Hutton to Minister of Militia,
31st July, 1899. 15. Application, Colonel Hughes to General Hutton (through D.O.C.), to raise a
corps for Imperial service in the Transvaal, July 24th, 1899. 1(5. Reports to General Hutton of two
militia officers of the city of Toronto and others, stating that few, if any, men or officers could be
obtained in Canada for such a service. 17 (a.) Application, Col. Hughes to Honourable Dr.
Borden, Minister of Militia, July 24, to raise a corps for service in the Transvaal, (b.) Reply of the
Minister of Militia thereto, (c.) Report and papers connected with the application before the
Privy Council of Canada, (d.) General Hutton's reprimand to Colt)nel Hughes for applying to
the Minister of Militia, (c.) General Hutton's letter, July 31st, 1899, to Minister of Militia re
same- (f.) The authority n\x>\\ which Colonel Foster, C.S.O., based the statement in his letter of
September 19th, 1899, to Colonel Hughes, '' after which you ivithdrcw it." 18 (a.) Application of
Colonel Hughes to Right Honourable Joseph Chamberlain to raise a corps in Canada for service in
13
8 Edw. VII. List of Sessional Tapors. A. 1903
CONTENTS OF YOLUMK IS^Continued.
Transvaal, (b.) An acknowledgment by Mr. Chamberlain, (c.) Lettern, Military Secretary to
His Excellency to General Hutton re same, (d.) General Hutton (C.S.O.) to Colonel Hughes,
August 24, 1899, reprimanding him for having written to Mr. Chamberlain re the raising of a corps.
(e.) Colonel Hughes to General Hutton (C.S.O.), September 2, 1899, in rei)ly. (f.) Colonel
Foster, C.S.O. to General Hutton, to Colonel Hughes, September 19th, asking him to withdraw
the letter of September 2nd, 1899. (g.) Complete letter— not an extract — from Colonel Hughes to
Colonel Foster, C.S.O. to Genera) Hutton, September 22nd, 1899, in refusal to withdraw the letter
of September 2nd. (h.J Colonel Foster, C.S.O. to General Hutton, to Colonel Montizambert,
D.O.E., Mil. Dis. 3 and 4, October 9th, re Hughes' letter of September 2nd re having it withdrawn.
(i.) Letter, Colonel Montizambert, forwarding same to Colonel Hughes and urging withdrawal,
(j.) Letter, Colonel Hughes to Colonel Montizambert refusing to withdraw the lettei-, and giving
reasons therefor, (k.) Letter, Colonel Montizambert to Colonel Foster, C.S.O. to General Hutton,
re the same, (a.) Letter, Colonel Hughes to the press of Canada, re troops from Canada for ser-
vice in the Transvaal, dated September, 1899, referred to in the letter— Cfolon el Foster, C.S.O. to
General Hutton, to Colonel Hughes, September 25th, 1899. (b.) Telegram, General Hutton (C.S.O.>
to Colonel Hughes, September 25th, 1899, re above letter and Section 98, Army Act. (c.) Letter,
General Hutton (C.S.O.) to Colonel Hughes, re same, (d.) The evidence upon which General
Hutton sent the telegram and the letter of September 25th, 1899. (e.) The authority under the
law empowering General Hutton to send such letter and telegram, (f.) Despatch dictated by Gen-
eral Hutton and published in the London (England) Times, stating that in his letter to the Canadian
press. Colonel Hughes was usurping the functions of the Government of Canada, Sep-
tember 25th, 1899. (g.) Despatch, General Hutton to the Canadian press, re the same,
September 25th, 1899. (h.) Despatch, General Hutton to Canadian press, September 28th,
1899, re Colonel FEughes being liable to fine or imprisonment under Section 98. (i.) Colonel
Hughes' telegram in reply to General Hutton (C.S.O.), September 25th, 1899. (/.) Letter,
Colonel Hughes (September 30th) to General Hutton 's (C.S.O.) letter of September 25th,
re Section 98.— Official. (L) General Hutton's letter to Colonel Foster, October 11th, 1899 re
Colonel Hughes' letter of September 30th, 1899. [l.) Letter, Colonel Foster, C.S.O. to General
Hutton, to Colonel Montizambert, October 16th, 1899, threatening to suspend Colonel Hughes from
the command of his battalion for writing the letter of September 30th, 1899. (w. ) The authority
under the law, permitting Gei^eral Hutton to make such threats, {n.) Letter, Colonel Montizambert
(October 17th, 1899) to Colonel Hughes re above. 20. {a.) Letter, Colonel Hughes to General
Hutton, October 10th, re the press reports against Colonel Hughes, dictated by General Hutton.
{b.) General Hutton (C.S.O.) to Colonel Hughes and to Minister of Militia (October 25th and 26th
respectively) re above. 21 (a.) Colonel Hughes to General Hutton, August 18th, 1899, by request re
qualification. (6.) Reply of General "Hutton, August 26th, 1899. (c.) Letter, Colonel Hughes to
General Hutton, August 28th 1899, in reply to above and to the words of General Hutton : " You '^
Canadians *^ might as well try to fly to the moon as to take the field alongside British regulars, short of
three years' training, and not then unless led by Imperial officers." 22. Letter, Colonel Hughes
withdrawing controversial matter on his receiving notification of his appointment to the Transvaal
force. 23. Letter, Colonel Hughes to General Hutton, October 23rd, 1899, in friendly parting. 24.
Letter, Colonel Hughes to the Right Honourable Sir Wilfrid Laurier, on General Hutton's declining
to accept proffered friendliness — demanding that general's recall, October 27th or 28th, 1899. 25.
Report of the speech delivered by General Hutton to the officers of the Canadian Contingent in the
Chateau Frontenac, Sunday, 29th October, 1S99, against Colonel Hughes. 26. Letters of General
Hutton to South African British Generals, against Colonel Hughes. 27. Copies of the reports
furnished to the press of Canada, Great Britain, the United States and South Africa, against
Colonel Hughes by General Hutton's agency, during November and December, 1899 and January
and February, 1900. 28. The legal authority for General Hutton to write officially to South
African Generals, without the sanction of the Minister of Militia, against Colonel Hughes. 29.
Letter of Colonel Hughes from Upington in Gordonia, South Africa, about 30th March, 1900, to
Honourable Dr. Borden, Minister of Militia, Canada, correcting errors, omissions, and misstate-
ments ir General Hutton's brief as submitted to Parliament last session. 30. The authority under
the law permitting General Hutton and Colonel Foster to use personal, unofficial, confidential and
private correspondence in official returns. 31. The authority under the law permitting the G.O.C.,
General Hutton, to receive official corres^wndence from His Excellency the Governor General,
through the Military Secretary. 32. A copy of the "notification to Lieutenant- Colonel Hughes
that they, private letters, would be so submitted " by General Hutton, referred to in the letter of
14
3 Edw. VII. List of Sessional Papers. A. 1903
CONTENTS OF VOLUME U^ Continued,
Lieutenant-Colonel Pinault, March 16th, 1900. 33. The authority under the law forbidding a Cana-
dian who chances to be a militia officer, not of the Permanent Corps, from volunteering to Great
Britain to serve in South Africa. 34. The authority under the law authorizing General Hutton, as
G. O. C, to reprimand a Canadian militia officer, not on duty, from volunteering to the
Minister of Militia of Canada, to raise a corps for the service of Great Britain. 35. The legal
authority for General Hutton, through Colonel Foster, vide letter of September 19th to
Colonel Hughes, to use the language : — " but as officer commanding a Battalion it would, I am sure,
be quite impossible for any general to overlook the character of your letter (September 2nd), which
from a military point of view, could only be considered as inconsistent with discipline." 36 The
legal authority of Major General Hutton for stating (October 9, 1899), " No officer has the right to
dispute the authox'ity of the Major General Commanding as his superior officer, or to question his
action ; still less that of the Governor General, the representative of Her Majesty in Canada." 37.
Reports or recommendations'of General Hutton producing changes in the command of the R. C.R.I.
in 1899. 38. Report of Colonel Herkimer showing that General Hutton declined to treat as official
or public, a telegram and a letter written in bis capacity as Major General to Colonel Herkimer, the
General claiming he had the right to regard them not as official, but private, and that they were not
binding on him. 39. The "authority " referred to in the letter of Colonel Hughes to General Hutton
(vide D.O.C.,) September 2, 1900, in paragraphs (a.) to (g.) 40. The following letters and data :
(a.) General Hutton to Minister of Militia, October, 26, 1899. (b.) Colonel Hughes to General
Hutton, October 27, 1899. (c. ) General Hutton (C.S.O.) to Colonel Hughes, October, 28, 1899. (d.)
General Hutton (C.S.O.) to Colonel Otter re Lieutenant-Colonel Hughes going to South Africa, &c.>
October, 1899, and October, 29, 1899, and October 30, 1899. (e.J General Hutton to the Deputy
Minister of Militia, November, 14, 1899. (f.) Telegram January 31, 1900, C.S.O., to Colonel Sam.
Hughes, Cape Town, re Strathcona Horse, (g.) General Hutton to Minister of Militia, February
2, 1900. Presented 28th May, 190S.— Mr. Hughes (Victoria). , Not Printed.
95. Return to an order of the House of Commons, dated 18th May, 1903, for copies of all papers, letters,
telegrams or other documents, relating to the purchase of land for a drill shed in the town of Wood-
stock, N. B. And also copies of all papers, letters, telegrams or other documents, relating to the
• construction of a drill shed on said land. Presented 28th May, 1903.— iltfr. Sproule Not printed.
95a. Supplementary return to No. 95. Presented 2nd July, 1903 Not printed .
96. Return to an order of the House of Commons, dated 29th May, 1903, for a copy of the Report of the
Commissioners appointed to investigate an accident upon the Intercolonial Railway, near Windsor
Junction, at 23 o'clock on 11th April, 1903. Presented 29th May, 1903.— ilfr. Clarke Not printed.
97. Return to an order of the House of Commons, dated 18th May, 1903, for a statement setting forth :
1. The quantity of refined sugar imported into Canada from ^Ist January to 31st December, 1902.
2. The qviantity of raw sugar imported during the same period, and giving the name of the country
whence such sugar was Imported. Presented 1st June, 1903. — Mr. Marcil (Bonaventure).
Not printed.
98. Correspondence re winter steamers. Presented (Senate) 1st June, 1903, by Hon. R. W. Scott.
Not printed.
99. Return to an addresis of the Senate, dated 13th May, 1902, for a statement showing : 1. The names of
all the persons who have been appointed, or who have been recommended for the position of honorary
colonels or honorary lieutenant-colonels in the volunteer force, designating the regiments to which
they are or are to be attached, and mentioning the date of each nomination. 2. A statement of the
service of each of the persons so appointed or recommended. 3. The names of all persons who have
recommended such nominations, together with all the correspondence exchanged on this subject.
4. The names of the persons recommended who have not been appointed, distinguishing persons
whose appointment has been refused from persons whose appointment has not yet been decided upon,
and giving for each of these persons the cause of the refusal of or the delay in his appointment.
Presented (Senate) 28th May, 1903.— JJoti. Mr. Landry Not printed.
100. Return to an address of the Senate, dated 30th A]iril, 1903, for copies of all correspondence and
communications between the various labour organizations, or from any one on their behalf, and the
department of labour, relating to the strikes that have occurred during the past year, or relating to
any threatened strikes during the past year in Canada. Presented (Senate) 2Sth May, 1903.— iSTon,
Mr. Gibson . Not printed,
15
3 Edw. VII. List of Sessional Papers. A. 1908
CONTENTS OF VOLUME IZ-- Continued.
101. Return to an order of the House of Connnons, dated 5th June, 1903, for a copy of the tenders
received for a fast steamship service between Britain and Canada. Presented 5th June, 1903, — Sir
Richai-d Cartwriyht Not printed.
102. Return to an order of the Hotise of Commons, dated 1st June, 1903, for statement showing : 1. The
value of fruit shipjjed to Europe in cold storage in each of the calendar years 1897, 1898, 1899, 1900,
1901, 1902. 2. The value of fruit shipped in cooled chambers to Europe in seasons 1901 and 1902,
respectively. 3. In what further steamers were cooling i)lants placed in the season of 1902, if any.
4. In what further steamers were mechanical ventilating plants placed in the season of 1902, if any.
5. How much money has the government advanced to date, as bonus or subsidy to steamship com-
panies, to induce them to put in ventilating apparatus, to enable thim to carry in better condition
perishable cargo, since 1896. 0. How much to induce them to put in cooling plants, since 1896. 7.
How much to induce them to put in cold storage plants, since 1896. 8. Tracings of temperatures, as
recorded by thermographs placed on ocean steamers by officers of the government, (a) in cold storage
chambers ; {}>) in cooled chambers ; (c) in ventilated chambers, if any; {d) in other parts of steamers,
if any, naming location. Presented 9th June, 1903. — Mr. Smith ( Wentworth) Not printed.
102o. Return to an address of the Senate, dated 20th and 28th August, 1903, for papers relating to the
ventilation of space in steamships used for storage during transjjortation of perishable products, such
as apples and cheese — in so far as the department of agriculture is concerned. Presented (Senate)
24th September, 1903.— ZTo^j-. Mr. Ferguson Not printed.
103. Return to an address of the House of Commons, dated 30th March, 1903, for copies of tenders asked
for and received for Quebec harbour improvements, during the last ten months ; of reports to coun-
cil, correspondence, and plans prepared by the department of public works, in reference to such
works. Presented 11th June, 1903.— A/r. Tarte ... Not printed.
104. Return to an address of the House of Commons, dated 30th March, 1903, for copies of all orders in
council, and of all other documents and correspondence relating to the appointment of a commission
instructed to secure a site for a dry dock in the port of Montreal ; likewise of the instructions given
regarding that subject, the reports that may have b«en made, etc. Presented 11th June, 1903. — Mr.
Tarte Not printed.
105. Return to an order of the House of Commons, dated 26th March, 1903, showing the number of build-
ings, or portions of buildings, rented or occupied by the government for offices or other purposes, in
Ottawa, outside the departmental buildings ; from whom rented, terms of lease or leases, and rent
being paid for each. Presented 11th June, 1903.— ilfr. Sproule Not printed.
106. Return to an order of the Hous3 of Commons, dated 15th Aj)ril, 1903, for copies of all engineers'
reports, plans, specifications, estimates and corresiX)ndence in reference to surveys made on French
River and Lake Nipissing. Also copies of all reports and surveys recently made on the Ottawa and
Culbute Rivers. Presented 11th June, 1903.— ilfr. Murray Not printed.
107. Return to an order of the House of Commons, dated 23rd March, 1903, for copies of all correspon-
dence, letters, documents, specifications, plans concerning the deepening of the River Jesus, from
the end of the isle to the end of the Pacific Bridge, on the said river, so as to allow the passage of
vessels drawing five feet of water. Presented 11th June, 1903. — Mr. Desjardins Not printed.
108. Return to an address of the House of Commons, dated 30th March, 1903, for a copy of the contract
made with Poupore & Malone, for the construction of a wharf at the foot of St. Mary's Current, in
the port of Montreal ; and of any agreements modifying the original terms of said contract. Pre-
sented 11th June, 1903.— ilfr. Monk • Not printed.
109. Return to an address of the Senate, dated 27th May, 1903, for a copy of all the correspondence
exchanged between the militia department, or the government of Canada, and the government of
the province of Quebec, and the council of the city of Quebec, on the subject of the improvements to
be made in the military riding school at Quebec, and its projected enlargement. Presented (Senate)
9th June, 1903.— .ffon. Mr. Landry Not printed.
110. Return to an order of the House of Commons, dated 4th May, 1903, for a list of all permanent and
temporary officials of the several branches of the department of the interior ; date of appointment,
and their salaries, on the first day of July, 1P02. Also a list of the permanent and temporary officials
of the Indian branch of that department, on the first day of July, 1896. And also on the same date
in 1902 with same particulars as to date of appointment and salaries. Presented 12th June, 1903. —
Mr. La Riviere Not printed.
16
3 Edw. VII. List of Sessional Papers. A. 1903
CONTENTS OF VOLUME U ^Continued.
111. Return to an address, dated 1st June, 1903, for a statement showing, year by year, the quantity and
value of pulp wood expoited from the port of Three Rivers, from 1896 up to date ; such statement to
show the name of each exporter, as well as the quantity and value of the wood exported by each one,
also year by year ; and in the case of exporters not having declared the quantities to the customs
officer, the statement to show the value by the cord upon which the total value has been based, as
declared by the exporters. Presented (Senate) 15th June, 1903.— jEfon. Mr. Landry Not printed.
112. Return to an address, dated 1st May, 1903, for a copy of all documents whatsoever relating to the
commutation of tne sentence of death pronounced against Joseph A. Mathurin, including therein the
report of the judge who presided at the trial, the permission of the judge for the production of such
report having been previously obtained. Presented (Senate) 15th June, 1903.— fi'on. Mr. Landry.
Not printed.
113. Return to an order of the House of Commons, dated 19th June, 1903, for copies of certain estimates
in connection with the Canadian Northern Railway, as follows : 1. Approximate estimate of cost of
line from Grand view to Edmonton— 62 miles. 2. Approximate estimate of cost of construction from
100 miles east of Prince Albert to Prince Albert. Presented 19th June, 1903. — Hon. A. G, Blair.
Printed for both distribution and sessioncd papers.
114. Return to an order of the House of Commons, dated 23rd June, 1903, for a copy of the report of the
commissioners appointed to make an investigation into the accident which happened at West Lome
Station of the Lake Erie and Detroit River Railway on April 29th last. Presented 23rd June,
1903.— JTon. A. G. Blair Not printed.
115. Return to an order of the House of Commons, dated 24th June, 1903, for a statement showing : 1.
The number of men employed by the customs department at each port in the Dominion or the 1st
day of May, 1900. 2. The number of said men who were transferred to the statistical staff at
Ottawa between the 1st May and 1st September, 1900. 3. The number of men in the employ of the
customs department at each of the ports of the Dominion on the 1st day of May, 1903. Presented
24th June, 1903.— iJfr. Taylor Not printed.
116. Return to an address of the House of Commons, dated 11th May, 1903, for copies of all orders in
council, memorials, letters, telegrams, and other correspondence, and all other documents and com.
munications in writing, between the 1st day of January, 1897, and the 1st day of May, 1903, relating
to, or concerning, or in any way having reference to the granting of provincial autonomy to the
North-west Territories ; or the creation of the said territories into a province, or provinces. Pre-
sented 26th June, 1903. — Mr. Borden (Halifax) Printed for both distribution cind sessiorval papers.
1 16a. Supplementary return to No. 116. Presented 24th July, 1903.
Printed for both distribution and sessional papers.
1166. Further supplementary return to No. 116. Presented 13th October, 1903.
Printed for both distribution and sessioiial papers.
117. Return to an order of the House of Commons, dated 30th March, 1903, of all sales of school lands in
Manitoba and the North-wesc Territories since 1896, showing : 1. Date of sale. 2. Place where the
sale occurred. 3. Name of auctioneer. 4. Total amount of jjurchase money. 5. Total amount paid
at time of sale. 6. Total amount paid since time of sale. 7. Total amount still due for principal
and interest, respectively. 8. Total amount of sale by each auctioneer. 9. Total amount paid to
each auctioneer for his services. Presented 29th June, 1903. — Mr. Eoche (Marquette). .Not printed.
118. Return to an order of the House of Commons, dated 11th May, 1903, for copies of petitions,
engineers' reports, estimates and correspondence, in reference to the building of a pier at or near
Carlton Point, Prince county. Prince Edward Island, in connection with promoting the efficiency of
winter communication between Prince Edward Island and the mainland. Presented 2nd July, 1903.
—Mr. Lefurgey , Not printed . "
119. Return to an order of the House of Commons, dated 11th May, 1903, for copies of all reports, corres-
ix)ndence, petitions and papers, filed in the department of public works, or other department, in the
matter of the lowering or regulating of the water of Lakes Simcoe and Couchiching ; and the reliev-
ing of lands in the townships of Mara, Rama and Morrison, from floods occasioned by the overflow
of said lakes. Presented 2nd July, 1903. — Mr. Grant Not printed.
20. Return to an order of the House of Commons, dated 30th March, 1903, for copies of all papers,
letters, telegrams, contracts, specifications, and correspondence of every description whatever,
between the minister of public works, or any other member of the government, and the contractors,
17
3 Edw. VII. List of Sessional Papers. A.. 1903
CONTENTS OP VOLUME IS-- Continued.
sub-contractors, and other parties, in connection with the repairs to the post office, and the building
of a new retaining wall, in connection with the post office, in the town of Woodstock, N.B. Pre-
sented 2nd July, 1903.— Mr. Ingram N^ol printed.
121. Return to an order of the House of Commons, dated 8th April, 1903, for a statement showing amount
expended each year since the 30th June, 1890, on public works of all kinds in Toronto, including
Toronto harbour ; showing the nature of each class of work in respect of which such expenditure has
been made. Presented 2nd July, 1903.— il/r. Grant Not printed.
1»2. Return to an order of the House of Commons, dated 18th May, 1903, for a copy of the receipt given
for price of acquisition of site of new post office at L'Assomption ; copies of all cheques issued in
payment of any sums expended in connection with the purchase of site of said new post office, or
expenses connected therewith. Presented 2nd July, 1903.— Mr. Monk Not printed.
1 22a. Return to an address of the House of Commons, dated 18th May, 1903, for copies of all letters
addressed to the government by Rudolph Arbour, Phineas Viger, Vital Racette, Joseph Ed.
Dnhamel, Charlemagne Laurier, M.P., and all answers thereto, in respect to anew jwst office for
the town of L'Assomption, in regard to the contract for the acquisition of a post office site. Also a
copy of the contract of sale ; copies of tenders for building said post office, and df all reports sent in
by the architect, in reference to said site and new building. Presented 2nd July, 1903.— il/r. Monk.
Not printed.
123. Return to an order of the House of Commons, dated 28th April, 1902, showing the amount of
money spent on the St. Lawrence River from Montreal to Quebec, with the object of making Mon-
treal a national port. Presented 2nd July, 1903.— ilfr. Davis Not printed.
124. Copy of the contract for steamer service between the dominion of Canada and South Africa. Pre-
sented 7th July, 1903, by Sir Richard Cartwright , Not printed .
125. Return to an address of the House of Commons, dated 11th May, 1903, for copies of all corresp<m-
dence, orders in council, and other documents, in fanywise relating to improvements or work done
by the government of the United States : 1st. In the Detroit River and Lake Erie. 2nd. In other
international waters. Presented 10th July, 1903. — Mr. Coican .Not printed.
126. Return to an address of the House of Commons, dated 4th May, 1903, for copies of all correspon-
dence between the city of Vancouver and other persons, and the government of the Dominion, or
any member thereof, relating to grant or lease of False Creek. Presented 13th July, 1903.— Mr.
Earle Not printed.
127. Return to an order of the House of Commons, dated 1st June, 1903, for copies of all papers and
documents connected with the enumeration of the parish of Kars, King's County, N.B., in the
Census of 1901 ; including copies of all correspondence between the Rev. Joseph McLeod, D.D.,
and Census Commissioner Blue, in relation thereto. Presented 13th July, 1903.— ilfr. Lancaster.
Not printed.
128. Return to an addiess of the House of Commons, dated 11th May. 1903, for copies of all orders in
council, and all correspondence in connection therewith, respecting the purchase in Canada, by or
through the government of Canada, or any department, or officer thereof, of any horses, hay, oats,
material, supplies, animals, or merchandise, for the Imperial government, or any department, or
officer thereof, during the years 1900, 1901 and 1902. Presented 15th July, 1903.— Mr. Borden
(Halifax) Not printed.
129. Return to an address of the Senate, dated 1st of June, 1903, for a statement showing, year by year,
the quantities of each kind of wood entered at the port of Ottawa for exportation, since 1892 up to
date. A similar statement for the port of Montreal. A similar statement for the port of Three
Rivers. A similar statement for the port of Quebec. Presented (Senate) 15th July, 1903. — Hon.
Mr. Landry Not printed.
130. Return to an address of the Senate, dated Ist of June, 1903, for a statement showing, year, by year,
from 1896 up to date, the number of saw-logs and of other pieces of wood which have passed through
the St. Maurice slides, distinguishing the number of pieces stopped respectively at Grandes Piles,
Grand'Mere, and at the Shawenegan Falls (to be used at each of these localities or forwarded from
each of these localities), from the number of pieces taken down as far as Three Rivers. Presented
(Senate) 15th July, 1903.— jETon. Mr. Landry Not printed.
131. Return to an order of the House of Commons, dated 22nd July, 1903, for a copy of the Report of the
British Columbia Salmon Commission. Presented 22nd July, 1903. — Hon. J. R. Prdfontaine.
Not printed.
18
3 Edw. VIL List of Sessional Papers. A. 1903
CONTEISTS OF VOLUME U--- Continued.
132. Return to an order of the House of Commons, dated 24th July, 1903, covering map showing : 1. Odd
sections finally reserved for the Qu'Appelle, Long Lake and Saskatchewan Railway and Steamboat
Company for selection of its land grant. 2. Original tract reserved for same purpose, and also map
showing : 3. Area available throughout the whole North-west Territories out of which the company
was authorized to select its land grant, as per letter of 25th January, 1900, of the minister of the
interior, with copy of such letter. Presented 24th July, 1903. — Mr. Sifton Not printed.
132a. Partial return to an address of the House of Commons, dated 4th May, 1903, for copies of all
papers, orders in council, letters and correspondence, between the government, or any member
thereof, in reference to land granted to the Qu'Appelle, Long Lake and Saskatchewan Railway
Company ; and also all letters, papers, correspondence, and orders in council, if any, with the
Saskatchewan Land Company, in reference to their acquisition of the land granted to said Qu'Ap-
pelle, Long Lake and Saskatchewan Railway Company. And also as to their acquisition of the
even-numbered sections within the territory granted to said railway company. Presented 24th July,
1903.— 3/r, LaRiviere Not printed.
1326. Supplementary return to 132a, Presented 21st August, 1903 , Not printed.
133. Return to an order of the House of Commons, dated 24th July, showing copies of papers of record
in the department of the interior, with regard to the claims of Mr. Amos Barnes, for damages with
respect to land occupied by him at East Selkirk, Manitoba. Presented 24th July, 1903.— ilfr.
Sifton Not printed.
1 34. Return to an address of the House of Commons, dated 1st June, 1903, for copies of all communications
addressed to the government, or to any minister, in relation to the grant of fishing rights in James
Bay, or Hudson's Bay, to Archibald McNee, of Windsor, Ontario. Copies of all answers thereto,
and any communications relating to the transfer of said lease. Presented 24th July, 1903. — Mr.
Lancaster . . . , Not printed.
135. Return to an order of the House of Commons, dated 11th May, 1903, for copies of all reports, corres-'
ppndence, petitions and papers that are to be found in the department of marine and [fisheries, or in
any other department, concerning the construction and placing of fish-ladders in the Riviere du
Nord, crossing the county of Two Mountains, from its confluence with the Ottawa River, at St.
Andre, in the county of Argenteuil, to St. Jerome, in the county of Terrebonne, for the purpose of
preventing the destruction of fish in the Riviere du Nord. Presented 24th July, 1903. — Mr. Ethier.
Not printed .
136. Return to an order of the House of Commons, dated 1st June, 1903, for a copy of all returns from
the local clerks of court, or other officers of the government, in the North-west Territories, showing
number, names, occupations, residence, etc., of all persons naturalized in the North-west Territories
during the past ten years, or any portion thereof ; as well as all other information contained in such
returns. Presented 31st July, 1903.— ilfr. Borden (Halifax) Not printed .
13'?'. Return to an address of the Senate, dated 15th July, 1903, showing the amount of customs arid
excise duties collected at the several ports of entry in the North-west Territories for the year ending
the 30th June last. Presented (Senate) 31st July. 1903.— Hon. Mr. Perley Not printed,
138. Return to an order of the House of Commons, dated 4th August, 1903, for a copy of a Memorand' n
on the Status of the Question of Fishery Rights between the Federal and Provincial Governments.
Presented 4th August, 1903.— iTow. J. R. Prefontaine Not printed.
139. Return to an order of the House of Commons, dated 5th August, 1903, containing the following
maps : 1. Short Line Survey, Riviere Ouelle and Edmunston. 2. Short Line Railway, from height
of land to Long Lake. Presented 5th August, 1903.— Sir Wilfrid Laurier. . . , Not printed.
140. Return to an order of the House of C^^mmons, dated 1st June, 1903, giving : 1. The total number of
Intercolonial freight cars in use on connecting lines on the first day of March, 1902, and the first day
of March, 1903, respectively, or the nearest dates to these that the car mileage reports are
prepared ; the list of roads using these cars at the dates named, and the number in use on each
road ; and the number of days such cars have been in use on such roads. 2. The number of cars
belonging to connecting lines in use on the Intercolonial on the first of March, 1902, and the first
of March, 1903 ; the names of the roads owning or controlling these cars, and the number of days
such cars have been in use on the Intercolonial on these dates. Presented 5th August, 1903.— ilfr.
Haggart Not printed .
141. Return to an order of the House of Commons, dated 1st June, 1903, giving : 1. The number of ties
that have been issued in the sidings and on the main lines of the Intercolonial Railway, and
charged to the capital account, for the years 1900-01 and 1901-02, and to the first of April, 1903.
2. Also as to the number of ties purchased between the 30tli June, 1902, and the first of April, 1903.
19
3 Edw. VII. List of Sessional Papers. A. 1903
CONTENTS OF VOLUiVlK Id-- Concluded,
The list of names from whom purchased, and the quality and prices paid. 3. The number of ties
that have been actually used in the track, between the 30th of June, 1002, and the first of April,
1J)03, and charged to ordinary maintenance. Presented 5th August, li)03.— Mr. Haggart.
Not printed .
14*. Return to an address of the House of Commons, dated 25th August, 1903, for copies of cable-
grams that passed between the Honourable the Secretary of State for the Colonies and His Excel-
lency, relative to the publication of the proceedings of the Colonial Conference. Presented 25th
August, 1903. — Sir Wilfrid Lauricr Not printed.
143. Return to an order of the House of Commons, dated 15th September, 1903, for copies of the report
on the resources of the country between Quebec and Winnipeg along the line of the National Trans-
continental Railway. Presented loth Sei)tember, 1903.— (SVr Wilfrid Lauricr.
Printed for both distribution and sessional papers.
144. Return to an address of the House of Commons, dated 18th May, 1903, for copies of the corres-
pcmdence exchanged between the Dominion government and that of the province of Quebec regard-
ing the following claims produced by the latter : 1. $1,425,855, being the share of the province
of Quebec in the indemnit)'. paid by the United States government as a compensation for the
advantages accorded to American fishermen. 2. $490,000, indemnity due to the province of Que-
bec for leases and licenses granted by the federal government to fish in the interior and salt waters
within the limits of the said province. Presented 11th September, 1903.— Mr. Lemieux.
Not printed.
145. Return of the regulations made by the governor in council under the authority of section 47 of the
Dominion Lands Act, applicable or relating to the Yukon territory. Presented 10th October,
1903, by Sir Wilfrid Laurier Not printed.
146. Copy of correspondence respecting the arrangements entered into between the department of the
interior and the North Atlantic Trading Company, for the promotion of emigration to Canada
from the continent of Europe. Presente 1 16th October, 1903, by Hon. J. Sutherland . . . Not printed.
147'. Return to an address of the Senate, dated 7th October, 1903, for a copy of the returns to the finance
department for the years 1896 and 1897 of the Mutual Reserve Fund Life Association. Presented
(Senate) 16th October, 1903.— J^oh. Mr. DomviUe Not printed.
147a. Return to an address of the Senate, dated 2nd October, 1903, for a statement of the affairs of the
Mutual Reserve Lift- Insurance Company of New York, as last sent to the insurance department.
Presented (Senate) 16th October, 1903.— ^on. Mr. Domville , , . . . Not printed .
148. Papers in connection with the Quebec bridge. Presented 20th October, 1903, by Hon. W. S. Field-
ing Printed for both distribution and sessional papers .
149. Correspondence and papers in relation to the Alaska boundary question. Presented 22nd October,
1903, by Sir Wilfrid Laurier = Printed for both distribution and sessional papers .
150. Report of the commissioners ap^jointed to examine the cattle guards in use on the principal lines of
railway in Canada and the United States, and also of such inventions of this nature as were pre-
sented. Presented 22nd October, 1903, by Hon. W. S. Fielding Not printed.
151. Return to an address of the Senate, dated 15th June, 1903, for copies of all orders in council, corres-
pondence, reports and recommendations of the warehouse commissioner, and other documents in
anywise relating to the Grain Act, since January, 1901. Presented (Senate) 31st August, 1903,
—Hon. Mr. Young Xfot printed.
152. Memorandum of settlement terms of the agreement made between the government of Canada and
the Government of Manitoba for the settlement of the school question. Pi-esented (Senate) 3rd
September, 1903, by Hon. R. W. Scott _Not printed .
153. Return to an address of the Senate, dated 3rd September, 1903, for a copy of the agreement
referred to by the Honourable Mr. Roblin, in his interview with the gentlemen who composed the
catholic deputation, as having been entered into and signed by Sir'Wilfrid Laurier, representing the
Dominion Government, on one side, and Honourable^Mr. Clifford Sifton, representing the province
of Manitoba, on the other side, together with a copy of the ' ' reply given in writing to the memorial
of the delegates, by the premier. Sir Wilfrid Laurier, and the minister of Ijustice, the Honourable
Mr. Fitzpatrick," and that, if no written reply was given by the premier, the senate be informed of
the character of the demands made by said deputation, and^of the answer given by, or of the action
taken thereon, by the premier and the minister of justice. Presented (Senate) 24th September,
1903 —Hon. Mr. Bernier , jfot printed.
20
2-3 EDWARD VII. SESSIONAL PAPER No. 8 A. 1903
REFORT
OF THE
SUPERINTENDENT OF INSURANCE
OF THE
DOMINION OF CANADA
FOR THE
YEAR ENIDKI) DECEMBER 31
19 02
PRINTED BY ORDER OF PARLIAMENT
OTTAWA
PRINTED BY S. E. DAWSON. PRINTER TO THE KING S MOST
EXCELLENT MAJESTY
1903
[No. 8—1903.] Price, 45 cents.
2-3 EDWARD VII. SESSIONAL PAPER No. 8 A. 1903
TABLE OF COIS'TENl^S 1902
Page
Report of Superintendent of Insurance to Minister of Finance for 1902, dated June 24, 1903.. v to xlviii
Rules and Regulations of Treasury Board regarding the acceptance of securities for deposit. . . xxxiv
Legal decisions xxxv
Legislation xliv
Insolvent Assessment Life Insurance Companies in the hands of liquidators xJvii
FIRE AND MARINE.
Abstract of Fire Insurance in Canada tor 1902 1
Premiums received for Fire Insurance in Canada for Years 1869 to 1902 lii to Ivii
Losses paid for Fire Insurance in Canada for Yeais 1869 to 1902 Iviii to Ixiii
Summary of Fire Insurance in Canada for Years 1869 to 1902 Ixiv
Abstract of Fire and Marine Insurance done by Canadian Companies, and of Inland Marine
and Ocean Business done by Companies combining both these branches for 1902 Ixvi
Inland Marine Business in Canada for 1902 Ixix
Statement of General Fire Assets and Liabilities of British Companies Ixviii
Assets of Canadian Companies doing business of Fire or Inland Marine Insurance for liM)2.. . . Ixx
Liabilities of Canadian Companies doing business of Fire or Inland Marine Insurance for 1902. Ixxi
Assets in Canada of British and American Companie-i doing business of Fire and Inland
Marine Insurance for 1902 Ixxii
Liabilities in Canada of British and American Companies doing business of Fire and Inland
Marine Insurance for 1902 Ixxiv
Cash Income and Expenditure of Canadian, British and American Companies doing Fire or
Inland Marine Business for 1902 Ixxvi
Percentage or Eatios of Losses to Premivims, Premiums to Risks, &c., &c., of all Companies
doing Fire or Marine Insurance for 1902 Ixxviii & Ixxix
Detailed Statements of Fire and Marine Companies 1 to 142
LIFE.
Abstract of Life Insurance in Canada for 1902 Ixxxii
Abstract of Life Insurance done by Canadian Companies which do business outside of the
Dominion for 1902 Ixxxiv
Assets of Canadian Life Insurance Companies, 1902 Ixxxvi
Liabilities of Canadian Life Insurance Companies, 1902 Ixxxvii
Assets in Canada of British Life Companies, 1902 Ixxxviii
Assets in Canada of American Life Companies, 1902 Ixxxix
Liabilities in Canada of British and American Companies, 1902 xc
Income of Companies doing Life Business, 1902 xci
Expenditure of Companies doing Life Business, 1902 xciii
Payments to Policy-holders, 1902 xcii
Life Insurance terminated during the year 1902 % xciv
Detailed Statements of Life Companies 147 to 391
iii
iv DEPA RTMENT OF FIN A NCE—IXS UJ?A NCE BRA NCH
2-3 EDWARD VII., A. 1903
ASSESSMENT SYSTEM.
Page
Abstract of Assessment Tiife Insurance in Canada for the Year 1902, xcv
Abstract of business (ione in all countries by the Supreme Court of the Independent Order of
Foresters xcvi
Assessment Life Insurance terminated in natural course or by surrender and lapse, during the
Year 1902 xcvii
Assets of Assessment Companies, 1902 xcviii
Liabilities of Assessment Companies, 1902 xcix
Income and Expenditure of Assessment Companies, 1902 c
Detailed Statements of Assessment Life Companies . . '. 4G5 to 478
SUNDRIES.
Assets of Canadian Accident, Guarantee, Plate Glass, Burglary Guarantee and Steam Boiler
Companies, 1902 . . ci
Liabilities of Canadian Accident, Gtiarantee, Plate Glass, Burglary Guarantee and Steam
Boiler Companies, 1902 cii
Income and Expenditure of Canadian Accident, Guarantee, Plate Glass, &c.. Companies,
1902 ciii
Abstract of Accident Insurance in Canada for 1902. civ
Abstract of Guarantee Business in Canada for 1902 civ
Abstract of Plate Glass Insurance in Canada for the Year 1902 civ
Abstract of Burglary Guarantee Business in Canada for 1902 cv
Abstract of Steam Boiler Business in Canada for 1902 cv
Abstract of Inland Transit Insurance in Canada for the Year 1902 cv
Abstract of Sickness Insurance in Canada for the Year 1902 cv
Abstract of Accident and Guarantee Business done by Canadian Companies which dobasiness
outside of the Dominion, for 1902 , cv
Abstract of Guarantee, Accident, Sickness and Plate Glass Business done by Companies
which combine more than one class of business cvi
List of Companies'Jicensed to do business in Canada under the Insurance Act, as at June 24,
1903 with names of Chief Agents and amounts of deposits with Receiver GeneraL cviii to cxii
Detailed Statements of Accident, Guarantee, Plate Glass, Steam Boiler, Burglary Guarantee
and Inland Transit Companies for 1902 395 to 461
General Statements of British Companies 481 to 490
Canadian Directors or Advisory Boards of British Companies 497
List of Directors and Stockholders of the various Canadian Companies 501 to 604
Statement of Assessments made on Companit s for year ending March 31, 1902 605
The index of the individual Companies will be found at the end of the book.
2-3 EDWARD VII.
SESSIONAL PAPER No. 8
A. 1903
Office of the Superintendent of Insurance,
Ottawa, June 24, 1903.
To the Honourable
W. S. Fielding,
Minister of Finance.
Sir, — I have the honour herewith to submit the statements in detail of Insurance
Companies for the year 1902, together with such an abstract and analysis of them as
appeared proper to exhibit the progress of the business and the condition of the
companies.
FIRE AND INLAND MARINE INSURANCE, 1902.
During the year 1902 the business of fire insurance in Canada was carried on by
38 companies; of these 9 were Canadian, 21 British and 8 American. Inland marine
insurance was also transacted by 4 of them (2 Canadian and 2 American), and ocean
marine by two of them (both Canadian). This list of companies differs from that of the
previous year by the entry of the Home Fire of New York, and the retirement of the
American Fire, both American companies. Two British companies (the British and
Foreign Marine and the Marine) are licensed to carry on the business of inland marine
insurance and the business of insuring registered mail matter in transit from place to place
in Canada, and both did inland marine business during 1902.
Fire Premiums and Losses in Canada in 1902,
The cash receiv,ei for premiums during the year in Canada has amounted to^
110,577,084, being greater than that received in 1901 by $926,736; and the amount
paid for losses has been $4,152,289, which is less than that paid in 1901 bv $2,622 667.
The ratio of losses paid to premiums received is shown in the following table :
Fire Insurance in Canada in 1902,
Canadian companies .
British t.
American i.
Total 4,152,289
Paid
for
Losses.
865,214
2,724,487
562,588
Received
for
Premiums.
2,055,793
6,946,919
1,574,372
10,577,084
Rate of
Losses paid
per cent
of Premiums;
received. I
42 09
39-22
35-73
39-26
The
same for
1901.
58-46
74 13
65-98
ro-20
VI
DEPARTMENT OF FINANCE— INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
The corresponding results for the thirty-four years over which our records extend,
are given below : —
Fire Insurance in Canada.
1869.
1870.
1871.
1872.
1873.
1874.
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.
Totals.
Rate of
Premiums
received.
Losses paid.
Losses Paid
per cent
of Premiums
Received.
%
$
1,785,539
1,027,720
57-56
1,916,779
1,624,837
84-77
2,321,716
1,549,199
66-73
2,628,710
1,909,975
72-66
2,968,416
1,682,184
56-67
3,522,303
1,926,159
54-68
3,594,764
2,563,531
71-31
3,708,006
2,867,295
77-33
3,764,005
8,490,919
225-58
3,368,430
1,822,674
54-11
3,227,488
2,145,198
66-47
3,479,577
1,666,578
47-90
3,827,116
3,169,824
82-83
4,229,706
2,664,986
63-01
4,624,741
2,920,228
63-14
4,980,128
3,245,323
65 -16
4,852,460
2,679,287
55-22
4,932,335
3,301,388
66-93
5,244,502
3,403,514
64-90
5,437,263
3,073,822
56-53
5,588,016
2,876,211
51-47
5,836,071
3,266,567
55-97
6,168,716
3,905,697
63-31
6,512,327
4,377,270
67-22
6,793,595
5,052,690
74-37
6,711,369
4,589,363
68-38
6,943,.S82
4,993,750
71-92
7,075,850
4,173,501
58-98
7,157,661
4,701,8.33
65-69
7,350,131
4,784,487
65 09
7,910,492
5,182,038
65-51
8.331,948
7J74,293
93-31
9,650,348
6,774,956
70-20
10,577,084
4,152,289
39-26
177,020,974
120,339,536
67-98
Taking the totals for the same thirty-four years, according to the nationalities of
the companies, the following are the results : —
Fire Insurance in Canada for the thirty-four years — 1869-1902.
Premiums
received.
Losses paid.
Rate of
Losses paid
per cent
of Premiums
received.
Canadian companies
40,008,565
117,207,683
19,804,726
27,433,310
79,688,641
13,217,635
68-57
67-99
66-74
British ^^
Totals
177,020,974
120,339,586
67-98
REPORT OF THE SUPERINTENDENT
SESSIONAL PAPER No. 8
VU
The loss rate for 1902 (39*26) is the lowest for the thirty-four years over which our
records extend. Onl}^ once before has the rate fallen below 50 per cent, the year 1880,
when it stood at 47*90.
Obtaining an approximation to the losses incurred during the year, by excludin<y
the payments for losses outstanding at the beginning of the year, and includino- the
amounts estimated for those of the year still unsettled, the ratio of the losses incurred
to premiums received comes out 40*55 per cent, which is 29*74 per cent less than the
70*29 of the previous year, and is 24*65 per cent less than the average for the last fifteen
years (65*20). The following are the rates of incurred losses from 1888 : —
I
Canadian 42-5158-22
British.. 40-40 7415
American |38 ' 61 06 83
1902. 1901.
Totals 40-55 70-29
1900.
83 25
97-99
107 17
97 00
1899.
53-20
58-80
57-25
57 75
1898.
1897.
55 -2269 06
79-12 63-50
71 05164 -32
74 -37164 -41
1896.
69-50
59-50
61-72
61-31
1895.
1894.
1893.
65-87 72-47 72 45
69-32 67-76 76-57
73 11
69-31
68-84
68-69
74-40
75-55
1892.
73-33
66-36
73-86
6!8-64
1891.
71-79
62-00
61-26
63-95
1890.
63 07
56-29
62-08
58-25
1889
56-64
48-35
48-39
50-09
1888.
65 -14
53-08
52-84
55-57
Fire Insurance in Canada, 1902.
The gross amount of policies, new and renewed, taken during the year by fire
companies was $892,049,886, which is greater by $70,527,032 than the amount taken
in 1901. The premiums charged thereon amounted in 1902 to $13,087,250.60, being
$1,398,292.64 greater than the amount charged the previous year. The rate of premiums
(1*467) is higher than that of 1901 (1*423). The loss rate (39*26) is 30*94 per cent less
than the loss rate of the previous year (70*20) and 28*72 per cent less than the average
loss rate (67*98) for the past thirty-four years.
The rate per cent of premiums charged upon risks taken is shown in the following
table
•
Gross Amount
of Risks
taken during
the year.
Premiums
charged
thereon.
Rate of
Premiums
charged per
cent of Risks
taken.
The
same for
1901.
The
same for
1900.
The
same for
1899.
The
same for
1898.
Canadian companies . . .
British ..
American n ....
215,145.909
556,692,825
120,211,152
892,049,886
3,146,611 55
8,102,041 87
1,838,597 08
1-46
1-46
1-53
1-46
1*41
1 44
1-26
1-24
1-27
1 27
1 22
1-22
1-36
1-23
1-27
Totals
13,087,250 50
1-47
1-42
1-25
1*23
1-26
The increase in the amounts taken in 1902 as compared with 1901 among Canadian
•ompanies is $44,251,814. Among British companies there is an increase of $14,550,593,
and among American companies there is an increase of $11,724,625.
8-B|
Viii DEPARTMENT OF FINANCE— INSURANCE BRANCH .
2-3 EDWARD VII., A. 1903
In 1901 the increases in amount written among Canadian, British and American
companies reporting to this office were $16,042,198, $1,693,252 and $358,750
respectively.
The details of the increase and decrease for the individual companies are as
follows : —
Canadian Companies.
Increase. — Anglo-American, $7,190,423 ; British America, $6,759,198 ; Canadian
Fire, $2,918,982; Equity, $2,511,456; London Mutual, $7,431,356; Ottawa Fire,
$1,742,729 ; Western, $17,967,800. Total, $46,521,944.
Decrease.— Mercantile, $1,277,502; Quebec Fire, $992,628. Total, $2,270,130.
Total increase, $44,251,814.
British Companies.
Increase.— Allmnce, $4,519,452 ; Atlas, $2,038,360 ; Guardian, $2,461,555 ; Liver-
pool and London and Globe, $1,922,624 ; National of Ireland, $1,128,627 ; North British
and Mercantile, $5,482,627; Northern, $1,442,147; Norwich Union, $2,545,710;
Phoenix of London, $10,824,507 ; Royal, $8,373,349 ; Sun, $601,688 ; Union, $1,331,589.
Total, $42,672,235.
i>ec?'mse.-Caledonian,$60,219; Commercial Union, $307,246; Imperial, $13,509,442;
Lancashire, $9,135,321 ; Law Union and Crown, $298,426 ; London Assurance,$978,533 ;
London and Lancashire Fire, $242,444 ; Manchester, $2,290,913 ; Scottish Union and
National, $1,299,098. Total, $28,121,642. Total increase, $14,550,593.
(Of these companies, the Lancashire did no business in 1902, and the Imperial no
new business after May 1, 1902.)
American Companies.
Increase.— JEtnsi Fire, $1,316,604 ; Hartford Fire, $405,799; Home Fire,$6,803,292;
Insurance Co. of North America, $1,48-5,775 ; Phenix of Brooklyn, $522,391 ; Queen,.
$5,394,426. Total, $15,928,287.
Decrease.— Connecticut Fire, $282,943 ; Phoenix of Hartfoid, $1,366,897 ; Ameri-
can Fire, $2,553,822. Total, $4,203,662. Total increase, $11,724,625.
(Of these companies, the Home Fire commenced business in Canada in 1902, and
the American Fire did no new business in Canada during that year.)
Premiums and Losses Compared with Risks.
The average rate of premium charged on each $1,000 of risks taken in 1902 is
$14-671 as against $14-228, which was the corresponding rate in 1901. The individual
rates for the different companies will be found in the annexed table, and will be seen to
vary a good deal, as might naturally be expected, considering the varieties of the business
done by the companies.
REPORT OF THE SUPERINTENDENT ix
SESSIONAL PAPER No. 8
The losses incurred (approximate) during the year, compared with the amount of
risk current (taking for this the mean of the amounts in force at the beginning and end
of the year), have been at the average rate of $4.06 per $1,000 current risk. The
corresponding rates for 1882-3-4-5-6-7-8-9-90-1-2-3-4-5-6-7-8-9-1900-1 $5.68,
$5.56, $5.37, $4.54, $5.48, $5.70, $4.70, $4.19, $4.84, $5.33, $5.61, $6.17, $5.50, $5.75,
$5.15, $5.38, $6.20, $4.99, $8.38 and $6.68, respectively.
The losses are, however, as usual, distributed very unevenly among the different
companies, as appears from the following, computed on the above basis; where, for
convenience of comparison, the corresponding rates for 1901 are appended within
parentheses : —
•
Lancashire, $1.23 ($8.05) ; Alliance, $1.27 ($6.97) ; London Assurance, $2.38
($6.99); Home Fire, $2.45 (....); London Mutual, $2.67 ($2.51); Mercantile Fire,
$2.90 ($4.15); Law Union and Crown, $3.25 ($8.15); Quebec Fire, $3.29 ($5.72);
Union Assurance, $3.29 ($8.26); Commercial Union, $3.31 ($6.98); Manchester Fire,
$3.32 ($8.74) ; North British and Mercantile, $3.45 ($6.08) ; Northern, $3.45 ($7.57) ;
Hartford Fire, $3.47 ($6.91); Western, $3.48 ($5.57); Liverpool and London and
Globe, $3.58 ($6.49); British America, $3.75 ($4.82); PhcBnix of Hartford, $3.91
($6.41); Connecticut Fire, $4.01 ($7.96); Caledonian, $4.02 ($8.36); Imperial, $4.11
$7.39) ; Insurance Co. of North America, $4.25 ($7.52) ; Royal, $4.40 ($5.43) ; Phoenix
of London, $4.41 ($7.79) ; Sun Fire, $4.65 ($7.68) ; ^tna Fire, $4.75 ($7.33) ; Guard-
ian, $4.83 ($8.53) ; London and Lancashire Fire, $4.84 ($5.34) ; Scottish Union and
National, $4.88 ($7.57); Phenix of Brooklyn, $4.89 ($9.19); Norwich Union, $5.11
($8.01) ; Ottawa Fire, $5.13 ($7.99) ; Equity Fire, $5.19 ($8.36) ; National of Ireland,
$5.46 ($6.68); Canadian Fire, $5.79 ($8.18) ; Anglo-American, $5.93 ($6.92); Queen,
of America, $6.10 ($6.83) ; Atlas, $6.69 ($8.67).
The annexed table gives the gross amount of risks taken by the several companies
during the year, and the premiums charged thereon, and also the distribution of losses,
with the proportionate rate of premiums to risks, and the proportion of the amounts paid
for losses to those received for premiums during the year. For convenience of compari-
son the rates of 1901 are appended. It must be noted that the premiums in the second
column are those charged on the whole gross amount of risks taken by each company
during the year.
DEPARTMENT OF FINANCE-INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
Fire Insurance Done in Canada in 1902.
Gross
Amount of
Risks
taken during
the Year,
Canadian Companies.
Anglo-American
British America
Canadian Fire
Equity Fire
London Mutual
Mercantile
Ottawa Fire . . .
Quebec
Western
Totals
British Companies.
Alliance ,
Atlas
Caledonian
Commercial Union
Guardian
Imperial
Lancashire
Law Union and Crown . .
Liverpool and London and
Globe
London and Lancashire.,
London Assurance
Manchester
National of Ireland
North British
Northern
Norwich Union
Phoenix of London
Royal
Scottish Union and Na-
tional
Sun Insurance Office
Union Assurance., . .
Totals.
American Companies.
-iiEtna Fire
Connecticut Fire
Hartford Fire
Home Fire
Insurance Co. of North
America
Phenix, of Brooklyn. .
Phcenix, of Hartford.
Queen, of America . . .
Totals.
Grand totals
Premiums
charged
thereon.
24,044,786
40,556,910
11,715,9001
12,758.917!
33,310,488
6,402,050
14,784,935
7,520,715
64,051,1.52
215,145,909
17,483,906
20,097,712
21,693,045
35,690,398
34,599,010
9,777,910
None.
5,813,774
35,017,875
20,737,414
13,611,891
16.702,8(X)
18,804,814
47,113,455
27,108,205
28,929,676
54,356,958
80,131,730
24,414,742
18,449,539
26,157,971
556,692,825
17,088,430
4,040,103
16,199,431
6,803,292
16,343,131
13,016,517
9,178,445
37,541,803
$ cts.
334,873 01
60(),427 65
213,334 23
172,295 72
544,314 59
87,105 57
219,796 83
101,366 10
867,097 95
2 o ®
3 "
1-39
1-50
1-82
1-35
1-63
1-36
1-49
1-35
1-35
3,146,611 65
193,159 93
319,567 14
297.003 10
512,509 3
524,294 78
150,522 56
None.
87,798 42,
477,058 13
302,986 43!
165.598 80
234,130 24
311,497 70
635,199 01
403,524 92
455,712 66
873,028 64
1,123,057 23
367,536 91
281,175 34
386,680 56
1-46
,102,041 87
239,503 21
65,429 94
246,943 54
103,193 59
225.965 .S9
202,057 82
166,549 95
588,953 61
120,211,152 1,838,597 08
892,049,886 13,087,250 60
1-46
1-45
Net Cash
Paid
during the
Year
for Losses,
$ cts.
105,205 58
160,071 61
59,542 63
55.075 29
156,867 89
28.076 12
71,289 76
32,797 82
196,286 97
Net Cash
Received
during the
Year for
Premiums.
865,213 67
1-41
1-40 1-38
1-62 1-58
1-52! 1-41
1-52
1-38
1-55
1-81
1-57
1-53
1-47
1 35
144
1-45
1-50
1-44
]-42
22,398 57
141,318 01
101,992 42
153,783 52
198,4.37 98
104,144 68
20,272 58
13,048 36
187,845 85
114,700 36
43,430 28
73,324 08
120,682 78
233,387 56
100,803 62
176,083 98
242,672 15
365,377 06
110,597 39
95,029 96
105,155 30
2,724,486 49
$ cts.
224,463 42
414,846 60
162,676 16
127,665 49
333,305 73
79,142 48
140,285 04
91,113 91
482,295 59
2,055,794 42
III
1^^
42 09
147,380 54
284,796 45
260,581 52
442,168 77
445,607 94
159,006 87
471 26
(>6,176 75
417,774 22
259,032 82
135,187 10
191,950 18
267,999 98
.569,742 51
360,501 47
396,956 61
705,755 50
981,856 46
311,873 96
247,224 61
294,872 41
15-20 142
52-28
59-81
49 60
41 02
55-82
51-03
64-80
73-44
64-27
58-46
78,115 70
27,090 39
70,821 81
1,793 70
69,748 65
54,699 95
47,177 03
213,140 01
562,587 24
4.162,287 40
6,946,917 93
209,001 16
.59,090 25
223,801 82
82,276 98
181,619 52
178,035 60
139,791 31
500,754 78
1,.574,371 42
10,577,083 77
49-62
39-14
34-78
44-53
65-50
19-72
44-96
44 28
32-13
38-20;
45 03!
40 96 1
27-96
44-36
34 38;
37-21J
35.46!
38-44
35-66:
59
87
66
82
70
156
65
85
53
84
92
56
70
74
72
67
59
62
72
93
39-22 74 13
37-38
45-85
31-64
2-18
38 40 66
30-72 66
33 75 I 63
42-56i 58
35-731 65
98
39-25 70-20
REPORT OF THE SUPERINTENDENT xi
SESSIONAL PAPER No. 8
British Fire Companies.
The total cash receipts from premiums were 16,946,919, being an increase of $351,-
472 as compared with the previous year ; the payments for losses were $2,724,487, being
$2,164,705 less than for 1901 ; while the general expenses amounted to $1,974,542,
being $116,419 greater than in 1901, thus leaving a balance of $2,247,890 favourable
to the companies. In the previous year there was a balance of $151,862 adverse to
the companies.
Paid for losses $ 2,724,487
do general expenses 1,974,542
Total $ 4,699,029
Received for premiums 6,946,919
Balance favourable to the companies $ 2,247,890
The following detail gives the balances for the different companies : —
Balance in favour. — Alliance, $74,718; Atlas, $67,158; Caledonian, $86,083;
Commercial Union, $168,600; Guardian, $110,852; Imperial, $8,506; Law Union and
Crown, $30,065 ; Liverpool and London and Globe, $107,681 ; London and Lancashire
Fire, $69,835 ; London Assurance, $50,483 ; Manchester, $52,279 ; National of Ireland?
$72,107; North British and Mercantile, $190,622 ; Northern, $164,908; Norwich
Union, $97,418; Phoenix of London, $272,522; Royal, $349,228; Scottish Union and
National, $117,030; Sun, $78,983; Union Assurance, $100,593. Total, $2,269,671.
Adverse balance. — Lancashire, $21,781. Total balance in favour, $2,247,890.
For every $100 of premiums received there were spent on the average $39.22 in
payment of losses and $28.42 for general expenses.
In 1901 the loss rate was $74.13, and the general expenses $28.17 for every $100
of premiums received.
For the fire business the rate of premium was $14*554 per $1,000 of risks taken,
as against $14- 122 in 1901.
Hence these companies have done a larger volume of business than in 1901, at a
somewhat higher rate of premium, a slightly higher rate of expense, and at a much
lower rate of loss.
Collecting the result for the twenty-seven years from 1875 to 1902, as regards the
receipts for premiums and the expenditure of the British companies, we find : —
Paid for losses (1875-1902) $ 73,966,279
do general expenses 29,327,934
Total payments $103,294,213
Received for premiums 109,054,739
Excess of receipts over expenses $ 5,760,526
It will be seen, from an examination of the table given below, that an adverse
balance was in existence from the year 1877 till the end of the year 1886, due to the
exceptional circumstance of the conflagration at St. John in the first mentioned year —
when the losses paid by British companies amounted to almost five millions of dollars ;
zii
DEPARTMENT OF FINANCE-INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
that such adverse balance was reversed at the end of the year 1887, when a favourable
balance of $341,938 was shown, and that this favourable balance increased thereafter,
from year to year (with the exception of the year 1893) up to the close of 1899 when it
amounted to $5,029,980. In 1900 the loss by the British companies on account of the
Ottawa and Hull conflagration amounted to over two and a half millions of dollars. To
this is due the large deficit of that year, $1,365,476, wiping out the savings of the pre-
ceding four years, and reducing the favourable balance at the end of 1900 to $3,664,504,
which sum had been still further reduced to $3,512,636 at the end of 1901. The
favourable experience for the past year has increased this balance to $5,760,526 at the
end of 1902.
Year.
Balance.
Year.
Balance.
1875
+ 51,765
$
1876
+ 89,015
1875 to 1876
+ 140,780
1877
—4,210,951
1875 to 1877
— 4,070,171
1878
+ 676,458
1875 to 1878
— 3,393,713
1879
+ 210,430
1875 to 1879
— 3,183,28?
1880
+ 727,389
1875 to 1880
— 2,45.5,894
1881
+ 161,162
1875 to 1881
— 2,294,732
1882
+ 481,511
+ 439,797
1875 to 1882
— 1,813,221
- 1,373,424
1883
1875 to 1883
1884 ....
+ 443,919
1875 to 1884
— 929,505
1885
+ 674,984
1875 to 1885
— 254,521
1886
+ 237,216
1875 to 1886
— 17,305
1887
+ 359,243
1875 to 1887
+ 341,938
1888.. .
+ 752,956
+ 918,128
1875 to 1888
+ 1,094.894
+ 2.013,022
1889
1875 to 1889
1890
+ 712,981
1875 to 1890
+ 2,726,003
1891
+ 470,014
+ 4.52,941
1875 to 1891
+ 3,196,017
+ 3,648,958
1892
1875 to 1892
1893
— 205,430
1875 to 1893
+ 3,443,528
1894
+ 172,105
1875 to 1894
+ 3,615,633
1895
+ 39,223
1875 to 1895
+ 3,654,856
1896
4- 709,118
+ 356,290
1875 to 1896
4- 4,363,974
+ 4,720,264
1897
1875 to 1897
1898
+ 140,610
1875 to 1898
+ 4,86(1,874
1899
+ 169,106
1875 to 1899
+ 5,029,980
1900
—1,365,476
1875 to 1900
+ 3,664,504
1901
— 151,868
1875 to 1901
+ 3,512,636
1902
+ 2,247,890
1875 to 1902
+ 5,760,526
+ Favourable. — Adverse.
As the reports of the general business of the British companies, which are appended
to their several statements, are made up in a form not readily understood, except by an
expert, I have this year, as in previous years, made an approximate analysis of them
which will be found on page Ixviii. Only two or three of these companies profess to
make any special provision for the liability under the head of ' Unearned Premiums,'
but they set aside a certain sum under the title of ' Fire Fund,' which is held to meet
future contingencies, and is charged against the company as a liability. I have taken
60 per cent of the annual revenue from premiums as a fair approximation to the exact
pro rata of the premiums on unexpired risks, which forms the basis of the item in our
returns for Canadian business. A Iso, in cases where life insurance is combined with fire
(the assets of these branches being required by the Imperial statute to be kept separ-
ately) I have omitted the life business entirely, considering that the life funds are more
than sufficient to cover the liabilities in this branch, and thus making the results, as
regards paid up capital, less favourable to the companies.
r
REPORT OF THE SUPERINTENDE^'T xiil
SESSIONAL PAPER No. 8
American Fire Companies.
The receipts for premiums (including the inland marine business of the ^tna Fire
and the Insurance Company of North America) were $1,586,318; the payments for losses,
$565,464, and the general expenses, $434,597. Hence for every $100 of premiums
received there were spent on the average $35.65 in payment of losses, and $27.40 in
general expenses.
The following detail gives the balances for the different companies : —
Balances in favour. — ^tna Fire, $84,648; Connecticut Fire, $18,183 ; Hartford
Fire, $95,852 ; Home Fire, $54,731 ; Insurance Co. of North America, $55,157 ; Phenix
of Brooklyn, $80,137; Phoenix of Hartford, $49,272; Queen of America, $148,277.
Total balance in favour, $586,257.
The results of the total business of these companies, from 1875 to 1902 inclusive,
are as follows : —
Paid for losses (1875-1902) $12,533,619
do general expenses 5,048,512
Total payments $17,582,131
Received for premiums 18,824,358
Excess of receipts over payments $ 1,242,227
The table given below shows the result of the business of each year from 1875 to
1902 inclusive, and the total results from year to year during the same period.
Year.
Balance.
Years
inclusive.
Balance.
1875
1876
+ 58,841
+ 97,919
— 396,468
+ 47,399
+ 32,894
+ 56,316
+ 53,747
+ 62,244
+ 102,135
+ 91,136
+ 100,784
+ 91,096
— 49
+ 102,288
+ 97,488
+ 54,404
+ 72,378
— 16,487
~ 42,205
+ 7,392
— 53,047
+ 96,621
+ 51,695
+ 91,807
+ 100,740
— 385,296
+ 80,198
+ 586,257
1875 to '76
1875 to '77
1875 to '78
1875 to '79
1875 to '80
1875 to '81
1875 to '82
1875 to '83
1875 to '84
1875 to '85
1875 to '86
1875 to '87
1875 to '88
1875 to '89
1875 to '90
1875 to '91
1875 to '92
1875 to '93
1875 to '94
1875 to '95
1875 to '96
1875 to '97
1875 to '98
1875 to '99
1875 to '00
1875 to '01
1875 to '02
+ 156,760
1877
1878
1879
1880
1881
1882
1883
1884
— 239,708
— 192,309
— 159,415
— 103,099
— 49,352
+ 12,892
+ 115,027
+ 206,163
1885
1886
1887
1888
1889
+ 306,947
+ 398,043
+ 397,994
+ 500,282
4- 597,770
1890
+ 652,174
1891
1892..
+ 724,552
+ 708,065
1893
1894
1895
1896
1897
+ 665,860
+ 673,252
-f 620,205
+ 716,826
+ 768,521
1898
1899 :.: ....■■; .
1900...'
1901
+ 860,328
+ 961,068
+ 575,772
+ 655,970
1902
-f 1,242,227
+ Favourable.
Adv(
Xiv DEPARTMENT OF FINANCE-INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
Canadian Firk Companies.
In considering the Canadian companies, their whole fire insurance business, in
Canada and elsewhere, as well as their whole marine business, must be taken into ac-
count, inasmuch as a separation of expenses between these branches has not been made.
The following table gives the distribution of fire business between Canada and
elsewhere, for the five companies transacting business outside of Canada and shows
that the home business has been, on the whole, more favourable to the companies than
the foreign business.
Fire Insurance, 1902.
In Canada.
In Other Countries.
Companies.
s received
3
osses paid
t of Pre-
received.
T3
a;
02
'6
osses paid
t ot Pre-
received.
mount
taken d
year.
.s
i
%
mount
taken d
year.
2
t
ate of L
per cen
miums
<
p^
^
Pi
■^^
P-i
^
M
•S
-$ , .s
%
$
ii?
British America
40,556,910
414,847
160,072
38.59
172,968,660
1,271,738
761,798
59-90
Canadian
11,715,900
162,676
59,543
36 60
882,229
10,918
1,616
14-80
Ottawa
14,784,985
140,283
71,290
50 -82
10,387,330
61,668
5,508
8 93
Quebec
7,520,715
91,114
32,798
36-00
None.
368
15,340
64,051,152
482,296
196,287
40-70
295,646,562
2,120,094
1,335,423
62-99
Total
138,629,668
1,291,216
519,990
40-27
479,884,781
3,464,786
2,119,685
61 18
REPORT OF THE SUPERINTEXD£JNT XV
SESSIONAL PAPER No. 8
The subjoined table gives the rate per cent of losses paid, as compared with pre-
miums received, upon business done in Canada and other countries by Canadian com-
panies, during the years 1878 to 1902 inclusive, a perusal of which will show that, taken
over the whole period, the Canadian business has been more favourable to the companies
than the business transacted in other countries : —
I
In Canada.
In Other Countries.
Year.
>
s
■g
73
1
1
Ilk
J pi
1 J i-i
>
3
.2
1
r2
J
5 III
a o '^ a
1878
1879.
591,495
552,090
459,653
428,795
543,126
606,557
550,188
983,555
996,562
1,002,817
1,002,109
1,014,314
1,018,226
• 1,102,237
629,708
621,135
626,768
785,416
782,956
725,775
783,326
836,601
689,956
1,133,478
1,291,216
$
241,545
287,729
219,954
304,488
334,000
436,800
376,969
518,633
655,534
661,682
655,191
586,164
604,846
780,862
485,446
427,349
423,777
499,472
460,236
529,597
392,821
462,726
658,405
702,125
519,990
40-84
52 12
47-85
71 01
61-50
72 01
68-52
52-73
65-78
65-98
65-38
57-79
59-40
70-84
77 -09
68 80
67 61
63-59
58-78
72-97
50 15
55-31
95-43
61-94
40-27
$
1,251,923
1,309,902
1,377,310
1,439,085
1,413,1189
1,48.3,941
1,401,051
1,485,078
1,499,840
1,496,712
1,453,410
1,527,909
1,584,879
1,662,538
1,907,652
2,.S56,413
2,303,219
2,566,980
2,487,459
2,399,542
2,260,724
2,264,877
2,804,896
3,321,478
3,464,786
737,430
923,242
885,293
1,085,846
1,137,399
1,136,380
1,122,882
1,051,090
1,049,575
1,037,123
1,008,509
1,012,624
910,511
1,165,583
1,191.545
1,560,592
1,442,596
1,462,849
1,446,314
1,263,368
1,464,544
1,568,496
1,969,862
2,142,811
2,119,685
58
70
64
75
80
76
80
70
69
69
69
66
57
70
62
66
62
56
58
52
64
69
70
61
61
90
48
1880
1881
28
45
1882
44
1883.
^8
1884
15
1885
1886
1887
1888
1889
1890
1891
78
98
29
39
28
45
11
1892. .
46
1893
?.3
1894
1895
1896
1897
1898
1899
1900
1901
1902
63
99
14
65
78
25
23
51
18
Total
19,758,059
12,226,341
61-88
48,525,593
31,896,149
65
73
The assets of the nine Canadian companies doing fire business amounted, at the
end of the year, to $7,158,995, covering a total amount of insurance of all kinds, of
$668,460,654 being at the rate of $10.71 for every $1,000 of insurance in force ; they
have also a reserve of subscribed capital not called up, amounting to $2,032,587, making
a total security of $13.75 for every $1,000 insured. The liabilities of the same com-
panies amounted to $4,632,630, made up as follows : —
Unsettled losses . . .^ $ 398,804
Unearned premiums 4,202,842
Sundry 30,984
Total $ 4,632,630
xvi
DEPARTMENT OF FINANCE— INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
T[ie unearned premiums are here taken to be the pro rata proportions of the gross
premiums for the time unexpired in the cases of Fire and Inland Marine insurance, and
the whole premium in the case of a current Ocean risk. The surplus of assets over
liabilities available for the protection of policy-holders, independent of the reserve of
subscribed capital not called up, amounts to $2,526,364.
The capital stock of these companies paid up or in course of payment, amounts to
13,522,513.
The following table gives the condition at the end of 1902 of all the Canadian
stock companies in reference to the surplus on account of policy-holders.
Fire and Marine Insurance Companies, December 31, 1902.
Anglo-American.
British America.
Canadian Fire. . .
Equity
London Mutual
Mercantile Fire .
Ottawa Fire
Quebec
Western
Total.
Subscribed
Capital.
480,100
1,000,000
500,000
500,000
100,000
250,000
500,000
225,000
2,000,000
I Excess of
r«„,^u„i ' Assets over
rStSnn Liabilities,
l^^^^^P- i excluding
1 Capital Stock.
91,780
1,000,000
125,000
50,000
10,000
50,000
100,000
*125,000
1,970,733
5,555,100
% cts.
50,399 15
497,180 03
210,492 68
30,743 75
86,956 46
199,049 07
58,701 44
138,414 29
1,254,427 21
Reserve
of Subscribed
Capital
not
called up.
3,522,513 2,526,364 08
%
388,320
None. .
375,000
450,000
90,000
200,000
400,000
100,000
29,267
2,032,587
* As reduced by Act of Parliament.
A comparison of this with the figures for the previous year shows the following
results : —
Gain or improvement during 1902: — Anglo-American, $5,026.25; Canadian Fire,
$40,257.56; Equity, $4,056,92; London Mutual, $33,102,97; Mercantile Fire,
$44,439.66 ; Ottawa Fire, $23,049.16; Quebec Fire, $45,71*4.29.
Loss or deterioration during 1902: — British America, $8,502.92; Western,
$4,829,03.
REPORT OF THE SUPERINTENDENT xvii
SESSIONAL PAPER No. 8
Including the whole business of the mixed companies, as well outside as within the
Dominion, it appears that the Canadian companies have received during the year 1902 a
total cash income of $6,938,567.28, which is made up as follows : —
Premiums
Interest and dividends.
Sundry. . .
Total
-.(lAo The same in The same in
^^'^' j 1901. I 1900.
$ cts.
6,775,963 74
155,059 80
7,543 74
0,938,567 28
% cts.
6,286,942 01
161,488 52
17,709 71
6,469,140 24
•$ cts.
5,345,803 78
135,529 30
32,559 76
The same in
1899.
S cts.
4,430,792 71
128,389 00
5,379 62
5,513,892 84 1 4,564,561 33
In the same way the cash expenditure during 1902 has been $6,478,098.49, dis-
tributed into : —
1902.
The same in The same in ' The same in
1901. I 1900. 1899.
Losses paid i 3,987,114 25
General Expenses ! 2,276,809 16
Dividends to stockholders 214,175 08
Total.
4,065,778 01
2,032,419 20
205,964 19
^ c.
3,828,359 85
1,921,904 32
159,674 98
6,478,098 49 6,304,161 40 5,909,939 15 4,755,207 29
3,063,716 43
1,524,637 05
166,853 81
Thus it appears that for every $100 of income there has been spent $93.36,
namely : for losses, $57.46 ; for general expenses, $32.81 ; and for dividends to stock-
holders, $3.09. Hence, also, for every $100 of premiums received there has been'paid
out $58.84 for losses, $33.60 for expenses, and $3.16 for dividends to stockholders.
XVIU
DEPARTMENT OF FINANCE— INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
The total cash incoiiie received by the Canadian companies during the twenty-eight
years from 1875 to 1902 inclusive, is $111,833,422.57. The respective amounts for
the several years, and the distribution thereof under proper headings, are shown in the
subjoined table : —
Canadian Companies — Income for the Years 1875 to 1902.
Year.
Premiums.
Interest
and
dividends.
Sundry.
Total.
1875
$ cts.
3,273,692 53
4,125,722 37
3,512,673 47
2,826,356 58
2,863.826 01
3,208,038 89
3,131,925 97
3,007,132 65
3,005,945 52
2,990,995 28
3,089,381 09
3,090,851 40
3,346,968 91
3,348,045 64
3,539,640 73
3,603,151 65
3,586,851 72
3,579,893 51
4,143,323 99
4,142,923 05
4,408,191 57
4,168,663 92
4,007,110 65
4,157,139 74
4,430,792 71
5,345,803 78
6,286,942 01
6.775,963 74
$ cts.
190,950 19
244,001 25
218,770 38
217,133 43
185,247 30
179,533 29
169,392 14
153,878 46
132,126 05
117,679 52
107,151 57
113,394 35
114,522 46
119,815 97
119,929 14
135,874 52
134,421 14
117,770 41
139,080 23
140,213 35
139,458-16
132,581 62
128.385 56
134,006 75
128,389 00
135,529 30
164,488 52
155,059 80
$ cts.
3,356 10
7,186 08
6,236 04
15,750 26
10,196 03
19,916 66
30,702 06
27,386 28
30,438 85
16.286 55
16,044 77
25,828 55
18,398 62
16,567 79
12,420 02
14.287 16
12,208 29
83,291 41
*205,621 62
6,025 87
6,773 90
6,289 09
6,386 91
5,897 89
5,379 62
32,559 76
17,709 71
7,543 74
$ cts.
3,467,998 82
4,376,909 70
1876.
1877
1878
3,737,679 89
3,059,240 27
1879
3,059,269 34
1880
1881
1882
1883
1884
3,407,488 84
3,332,020 17
3,188,397 39
3,168,510 42
3,124,961 35
1885
1886
3,212,-577 43
3,230,074 30
1887
1888
1889
3,479,889 99
3,484,429 40
3,671,989 89
1890
1891
3,753,313 33
3,733,481 15
1892.
3,780,955 33
4,488,025 84
4,289,162 27
4,554,423 63
4,307,534 63
4,141,883 12
4,297,044 38
4,564.561 33
5,513,892 84
6,469,140 24
6,938,567 28
1893
1894
1895
1896
1897.
1898
1899
1900
1901
1902
Total
106,997,949 08
4,168,783 86
666,689 63
111,8.33,422 57
* Of this amount $197,500 was premium upon the new stock issued by the British America and the
Western.
REPORT OF THE SUPERINTENDENT xix
SESSIONAL PAPER No. 8
The expenditure of the same companies during the same period of twenty-eight
years amounted in the aggregate to the sum of $112,977,500.79, thus showing an excess
of expenditure over income to the amount of $1,144,088.22. The amount expended in
the respective years, and their distribution under proper headings, are given in the
following table : —
Expenditure for the Years 1875 to 1902.
Year.
Losses Paid.
General
Expenses.
Dividends
to
Shareholders.
Total
Expenditure.
e Excess
of income over
Expenditure.
d The Reverse.
1875
1876
1877
$ cts.
1,694,885 99
2,746,563 00
3,555,283 21
1,891,130 71
1,966,854 83
2,236,943 54
2.898.045 45
2,294,212 90
2,291,429 02
2,165,708 63
1,985,256 67
2,128,942 82
2,397,382 03
2,355,960 53
2.417.046 62
2,254,866 61
2,588,894 16
2,454,821 80
2,911,005 90
2,749,953 12
2,986,323 54
2,777,327 97
2,529,432 31
2,700,774 91
3,063,716 43
3,828,359 85
4,065,778 01
3,987,114 25
S cts.
985.926 28
1,342;268 96
1,234,552 83
1.026.354 51
938,436 79
889,409 73
901,679 10
917,526 03
925,970 41
871,037 06
917,879 59
926,299 50
1,031,696 74
1,009,167 74
1,064,557 52
1,114,472 16
1,198,806 97
1,440,994 51
1,402,862 69
1.389.355 44
1,451,684 01
1,417,637 39
1,402,470 67
1,394,742 19
1,524,037 05
1,921,904 32
2,032,419 20
2,270,809 10
$ cts.
159,008 88
213,055 04
125,928 21
146,163 83
159,253 74
164,650 50
145,137 85
110,813 47
110,480 00
102,675 50
99,896 73
114,809 02
123,422 74
122,198 27
126,759 42
135,689 92
145,256 90
128,372 23
112,163 43
157,025 56
162,107 30
162,610 10
162,438 28
104,092 45
100,853 81
159,074 98
205,964 19
214,175 08
S cts.
2,840,4:^1 15
4,302,487 00
4,915,764 25
3,063,649 05
3,064,-545 36
3,291,003 77
3,944,862 40
3,322,552 40
3,327,879 43
3,139,421 19
3,003,032 99
3,170,051 34
3,552,501 51
3,487,326 54
3,608,363 56
3,505,028 69
3,932,958 03
4,024,188 54
4,426,032 02
4,296,334 12
4,600,174 85
4,357,575 46
4,094,341 26
4,259,609 55
4,755,207 29
5,909,939 15
6,304,101 40
0,478,098 49
$ cts.
e 027,577 67
e 74,422 70
d 1,178,084 36
1878
d 4,408 78
1879
1880
1881
1882
1883
1884
1885
d 5,276 02
e 110,485 07
d 012,842 23
d 134,155 01
d 159,369 01
d 14,459 84
e 209,544 44
1886 ....
1887
1888
1889
1890
1891
1892
1893
1894
e 60,022 96
d 72,611 52
d 2,897 14
e 63,626 33
e 248,284 64
d 199,476 88
d 243,233 21
e 61,993 82
d 7,171 85
1895
d 45,751 22
1896
d 50,040 83
1897
1898
1899
1900
1901
c 47,541 86
e 37,434 83
d 190,645 96
d 396,046 31
e 164,978 84
1902
e 460,468 79
Total
73,924,014 81
34,951,558 55
4,101,937 43
112,977,510 79
d 1,144, (•88 22
CANADIAN FIRE COMPANIES IN FOREIGN FIELDS.
The undermentioned Canadian Fire Insurance Companies carry on business outside
Oanada in the several countries, states, kc, set opposite their respective names, viz.: —
Name of Company. Name of Countries, States, &c.
British America Assurance Company. .The States of Alabama, Arizona, Arkansas, California, Colorado,
Connecticut, Delaware, District of Columbia, Florida, Georgia,
Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana,
Maine, Maryland, Massachusetts, Michigan, Minnesota,
Mississippi, Missouri, Montana, Nebraska, New Hampshire,
New Jersey, New Mexico, New York, North Carolina, North
Dakota, Ohio, Oklahoma, Pennsylvania, Rhode Lsland, South
Carolina, South Dakota, Teimessee, Texas, Utah, Vermont,
"Virginia, Washington, West Virginia, Wisconsin, Wyoming,
Newfoundland, Mexico, Porto Rico and the Hawaiiain Islands.
Canadian Fire Insurance Company Newfoundland.
Ottawa Fire Insurance Company Newfoundland and surplus business in United States.
Western Assurance Company Newfoundland, British West Indies and the United States. The
company also has a branch office in London, England, through
which business is transacted in Great Britain and the British
{wssessions in the far east, as well as at some points on the conti-
nent of Europe.
XX DEPARTMENT OF FINANCE- INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
INLANl^ NAVIGATION AND OCEAN INSURANCE, 1902.
Inland Marine insurance is carried on in Canada by two Canadian companies (the
British America and Western), and to a very limited extent by two American companies
(the ^tna Fire, and the Insurance Company of North America), and two British Com-
panies (The British and Foreign Marine Insurance Company and the Marine Insurance
Company). Ocean business is transacted by the two Canadian companies, but the
greater part of this business is transacted by companies which are not required to be
licensed, and do not report to this Department.
The figures given below include the Canadian inland marine business of the two
American companies and the two British companies, and the whole inland marine
and ocean business done by the two Canadian companies.
Inland Marine.
The premiums received amounted to $515,222, the losses incurred to $395,095, and
the losses paid to $407,132. At the end of the year the losses unsettled were $22,475.
The inland marine business has been less favourable than the year previous. The
losses incurred amounted to 76-68 per cent of the premiums received. The rates for
1900 and 1901 were 54-83 and 68.48 respectively.
Ocean Marine.
The premiums received amounted to $757,658, the losses incurred to $592,694, and
the losses paid to $589,245. At the end of the year the total outstanding or unsettled
losses were $50,488.
In the ocean business the rate of losses incurred to premiums received was 78.23^
por cent, whilst in 1900 and in 1901 the rates were 83*39 and 78*92, respectively.
An abstract of the inland marine business will be found on page Ixix, and details,
of this and the ocean business for the individual companies on pages Ixvi and Ixvii.
LIFE INSURANCE, 1902.
The business of life insurance was transacted by thirty eight active companies of
which twenty are Canadian, seven British and eleven American.
hisurances Effected during the Year.
The total amount of policies in Canada taken during the year 1902, was $80, 5 5 2, 9 6 6>
which is greater than the amount taken in 1901 by $6,653,738. The Canadian com-
panies show an increase in 1902 of $7,583,420, whilst in 1901 they had a decrease of
$247,202 ; the American companies have a decrease of $1,194,956, whilst in 1901 they
had an increase of $5,909,292 ; and the British companies have an increase of $265,274,.
whilst in 1901 they had a decrease of $658,954, the total increase in 1902 being $6,653,-
738, as above stated.
In the ordinary policies taken by the American companies there was an increase of
$2,445,013, and in the industrial policies a decrease of $3,639,969. This decrease is.
explained by the fact that in 1901 the Metropolitan Life took over the risks of 'La.
Canadienne,' a company doing an industrial insurance business in the Province of Quebec.
REPORT OF THE SUPERINTENDENT xxi
SESSIONAL PAPER No. 8
The respective amounts effected are : —
Canadian companies $45,882,167
British n , . 3,324,317
American n 31,346,482
So that the amount taken by native companies exceeds that taken by the British
and American together by about $11,210,000.
Life Insurance in Force in 1902.
The total amount of insurance in force at the close of the statements was $508,-
812,305, which shows the large increase of $45,043,271 over that of the previous year^
being distributed as follows : —
Total in Force. Increase.
Canadian companies $ 308,202,596 $23,517,975
British M 41,556,245 1,340,059
American m 159,053,464 20,185,237
Total $ 508,812,305 $45,043,271
The following tables will enable the progress of the total business to be traced dur-
ing the past twenty-eight years, both as regards the amount of insurances effected from
year to year, and the total amount in force : —
Amounts of Insurance effected in Canada during the respective Years 1875-1902.
Year.
Canadian
Companies.
British
Companies.
American
Companies.
Total.
1875
1876
1877
1878. .. .
$
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
:^,298,747
45,882,167
1,689,833
1,683,357
2,142,702
2,789,201
1,877,918
2,302,011
2,536,120
2,833,250
3,278,008
3,167,910
3,950,647
4,054,279
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
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
^9. T^^.^ 4.^8
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
48,2()7,e65
54,764.675
67,400,733
68,896,092
73,899,228
1879
1880
1881 ..
1882
1883
1884
1885
1886
1887
1888
1889
1890
1891
1892
1893
1894
1895
1896
1897
1898
1899
1900
1901
1902 ,
3,324,317 i 31,346,482
80,552,966
Total
604,384,251
85,061,588 j 357,818,814
i
1,047,264,653
Including 20 months' business of the Canada Life.
8— c
"XXll
DEPARTMENT OF FINAACE—iySUBANCE BRANCH
2-3 EDWARD VII., A. 1903
Amounts of Insurance in force in Canada, 1875-1902.
Year.
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.
Canadian
Companies.
British
Companies.
21,957,296"
24,649,284
26,870,224
28,656,556
3.3,246,543
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
195,303,042
208,655.459
226, 209; 636
252,201,516
267,151,086
284,684,621
308,202,596
$
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
34,837,448
35,293,134
36,606,195
38,025,948
39,485,344
40,216,186
41,556.245
American
Companies.
43,596,361
40,728,461
39,468,475
36,016,848
33,616,330
33,643,745
36,266,249
38,857,629
41,471,5.54
44,616,596
49,440,735
55,908,230
61,734,187
67,724,094
76,348,392
81,599,847
85,698,475
90,708,482
94,602.966
96,737^705
96,590,352
97,660,009
100,063,684
105,708,154
113,948,209
124,433,416
138,868,227
159,053,464
Total.
85,009,264
84,250,91^
85,687,903
84,751,937
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
327,800,499
344,012,277
368,523,985
404,170,673
431,069,846
463.769,034
508,812,305
Amount of Insurance terminated in 1902.
The amount of insurance terminated in natural course, namely, by death, maturity
or expiry, was $9,958,332, which is greater by $1,432,147 than the corresponding amount
in the previous year ; and the amount terminated by surrender and lapse was $37,822,772,
being greater than in the previous year by $4,767,619.
Relatively to the amounts at risk the amounts so terminated do not differ to any
material extent from those of the previous year, giving for every $1,000 of current risk
$19.76, terminated in natural course and $75.04 by surrender and lapse, making a total
of $94.80. In the year 1901 these rates were $18.22 and $70.63 respectively, making,
.a total of $88.85, thus giving a difference of $5.95 for each $1,000 at risk.
The following table exhibits the rates for the last five years : —
Terminated out of each $1,000 current risk.
Naturally.
Surrender and Lapse.
1897.
1898.
1899.
1900.
1901.
1902.
1897.
1898.
1399.
1900.
1901.
1902.
<Janadian companies. . .
British
American m
% c.
14 97
19 73
28 14
% c.
13 47
21 44
26 03
$ 0.
13 74
21 76
28 09
$ c.
13 80
23 46
25 69
$ c.
14 40
22 90
24 62
$ c.
12 91
20 81
33 11
% c.
70 46
44 27
99 10
.0.
63 58
45 25
81 14
$ c.
64 94
35 37
88 43
$ c.
59 29
37 93
96 20
% 0.
58 34
48 01
102 22
% c.
57 45
35 23
120 85
XXIU
REPORT OF THE SUPERINTENDENT
SESSIONAL PAPER No. 8
The total termination amounts to about 59-29 per cent of the amount of new
policies. The actual amounts of termination were distributed as follows : —
Naturally,
Surrender and
Lapse.
Canadian companies
British „
3,969,881
871,302
5,117,149
$
17,671,752
1,475,334
18,675,686
Total ■
9,958,332
37,822,772
The details of the individual companies will be found on page xciv.
Canadian Policies in Force.
Omitting the industrial policies of the London Life, the Union Life and the Metro-
politan, the thrift policies of the Sun Life, the monthly policies of the Excelsior and the
provident policies of the North American, the following table gives the numbers and
amounts of policies in Canada and the average amount of a policy in force at the date
of the statements : —
Number.
Amount.
Average
Amount of a
Policy.
Canadian companies
199,231
20,966
79,381
301,221,375
41,556,245
138,292,437
1,512
1,982
1,742
British n
Amei-ican n
Total.
299,578
481,070,057
1,606
The average amount of new policies is, for Canadian companies $1,433 ; for British
companies, $1,938 ; and for American, $1,430. The corresponding amounts last year
were $1,435, $1,765 and $1,518.
Death Rate.
In the calculation of the death rate this year, as in previous years, the mean
number of policies in force, and the number of policies terminated by death during the
year have been admitted as approximations to the mean number of lives exposed to risk,
and the number of deaths during the year, respectively. It is believed that the results
8— cj
XKiv DEPARTMENT OF FINANCE— INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
arrived at represent the actual mortality among insured lives in Canada as accurately as
can be gathered from the returns of the companies.
1902.
1902.
1901.
1900.
1899.
1
1
1898. i 1897.
1896.
1895.
1894.
1893.
Number
of lives
exposed
to risk.
514,714
102,584
3,519
Number
of
deaths.
II
1^
II
■*3 ^
Death
Rate.
Death
Rate.
11
II
II
II.
Active companies . . .
Assessment com-
panies
Retired companies . .
5,302
878
138
10-301
8-559
39-221
11-213
8-314
40-544
11-226
7-985
40 182
10-733
7-352
35-733
10-549
7-818
33-560
10-907
7-507
26-747
10 095
6-798
32-969
11-166
8:654
30-235
10-327
8-101
26-449
10 176
9-407
22 574
Total
620,817
6,318
10-177
10-850
10-770
10 197
10 113
10-205
9-261
11 -092
10 340
10-364
'Premium Income during respective Years 1875-1902.
Year.
Canadian
Companies.
British
Companies.
American
Companies.
Total.
1875
1876
1877
1878
1879
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
M,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
%
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
1,551,835
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
$
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
1880.
1881
1882.
1883
1884 -.
1885
1886
1887
1888
1889
1890
1891
1892
1893
1894
1895
1896
1897
*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
1898
1899 ;
1900
1901
1902
11,994,164
13,038,707
15,006,941
15,189,854
17,077,560
Total
111,675,514
26,065,146
73,133,488
210,874,148
Including 20 months' business of the Canada Life.
REPORT OF THE SUPERINTENDENT
SESSIONAL PAPER No. 8
The total amount paid to policy-holders during 1902 was as follows :
Death claims (including bonus additions) $ 5,522,160 81
Matured endowments (including bonus additions). . 1,962,379 38
Annuitants 187,037 28
Paid for surrendered policies 970,645 95
Dividends to policy-holders 755,747 54
Total $ 9,397,970 96
XXV
The distribution of payments among the different companies will be found on page
xcn.
Hence, for every 1 100 premiums received, there has been paid to policy-holders
$48. 19, leaving $51.81 to be carried to reserve, expense and profits.
Including the business done outside of Canada by the Canadian companies, the
following table shows the total premium income and payments to policy-holders of all
companies, other than assessment companies, doing life insurance business in Canada,
for the last twenty-four years, and also the ratio of payments to policy-holders to pre-
miums received.
Vpflr Premium
^®*'^- Income.
i
Payments
to
Policy-holders
Rate of
Payments to
Policy-
holders per
cent of
Premiums.
1879
1880
1881
$
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
8,131,852
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
16,6.33,142
17,130,456
19,501,945
$
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
49
51
60
54
57
49
54
53
52
51
47
54
56
58
51
53
53
56
58
51
53
55
62
48
93
65
72
1882
1883 ,
1884
1885
91
01
42
31
1886
1887
1888 ,
1889
1890
83
99
70
30
67
1891
1892
66
33
1893 ,
^H
1894
32
1896
85
1896
73
1897
02
1898
1899
41
01
1900
50
1901
49
1«02
1Q
Total
213,020,387
113,797,447
53-42
Collecting the results for the twenty-four years, 1879 to 1902, we find that the
total payments to policy holders amount to 53-42 per cent of the premium income during
the said period.
XXVI
DEPARTMENT OF FINANCE-INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
The subjoined table shows the total premium income and payments to policy
holders, during the last twenty-four years, of the life insurance companies which have
ceased to do new business in Canada, and also the ratio of payments to policy-holders to
premiums received.
Year.
Premium
Income.
Payments
to
Policy-holders.
Rate of
Payments to
Policy-holders
per cent
of Premiums.
1879
1880
1881
1882
1883
1884
1885
1886
1887 '
1888 •
1889
1890
1891
1892
1893
1894
$
490,688
447,910
441,393
412,436
371,570
34.3,179
321,566
278,108
262,445
237,559
216,730
191,101
181,905
175,340
163,723
178,467
163,366
150,395
174,155
163,918
152,534
145,756
132,201
127,420
$
396,053
317,531
489,370
376,811
450,678
454,906
395,851
342,049
423,747
395,466
337,829
363,519
319.246
329,963
368,887
435,862
367,132
377,949
449,425
358,968
376,018
391,576
476,885
317,859
80
70
110
91
121
132
123
122
161
166
155
190
175
188
225
244
224
251
258
219
246
268
360
249
71
89
87
36
29
56
10
99
46
47
88
22
51
18
31
23
1895
1896
1897
1898
1899..
1900
73
30
06
00
51
65
1901
1902 ...
73
46
Total
5,923,865
9,313,580
157-22
Collecting the results for twenty-four years, 1879 to 1902, it will be seen that the
total payments to policy-holders made by said retired companies exceed by 57 '22 per
cent the total premium income during the same period.
Canadian Companies.
The assets and liabilities, income and expenditure, of the Canadian Life Companies
will be found exhibited in the statements under their respective headings at pages
Ixxxvi, Ixxxvii, xci and xciii. The tables of mortality employed by the variou^
companies in the calculation of their reinsurance reserve are shown in the table on jxige
Ixxxvii.
From tables on pages xci and xciii referred to, it will be seen that the Canadian
companies have received an income of $15,755,067.60 drawn from the following
sources :
Premiums and annuity sales $12,472,590 31
Interest and dividends 2,972,874 35
Sundry 309,602 94
Total $15,755,067 60
REPORT OF THE SUPERINTENDENT
SESSIONAL PAPER No. 8
And they expended $9,034,556.97 under the following items : —
Paid to policy-holders and annuitants $ 5,086,307 44
General expenses ... 3,757,986 04
Dividends to stockholders ' 190,263 49
Total I 9,034,556 97
XXVIL
Hence, out of every $100 of income they have expended in payment to policy-
holders $32.28, in general expenses, $23,85, and in dividends to stockholders $1.21,
leavins? $42.66 to be carried to reserve.
By reference to the table at page Ixxxvi it will be seen that tlie total assets at
December 31, 1902, of the Canadian life companies other than assessment companies
(including $3,469,195 outstanding and deferred premiums, interest and rents due and
accrued which have not as yet gone into income) amount to $73,520,382, an increase
over the corresponding amount at the end of the year 1892 of $47,526,936.
The amount of risks in force have increased from $161,577,539 in 1892 to $359,-
591,506, a gain of $198,013,967, and the reserves have increasad from $22,228,020 in
1892 to $65,603,652 in 1902, an increase of $43,375,632.
The following table gives the premium and other income of the Canadian companies
other than assessment companies, during the past twenty-four years, and also the pay-
ments to policy-holders, for general expenses and for dividends to stockholders during
the same period.
Interest
Premiums j and other
I Receipts.
1879 919,344
1880 l,039,342i
1881 1,291,027!
1882 1 1,562,085!
1883 ; ... 1 1,738,9731
1884 i 1,932,506'
1885 ! 2,157,338
1886 \ 2,482,1131
1887 ! 2,922,526
1888 1 .3,260,800
1889*
1890.
1891.
4,570,918:
4,236,7461
4,508,834
5,006,717 [
5,476,059i
5,871,6771
1893
1894
1895 6,297,930
1896 i 6,941,828
1897 i 7,579,816
1898 8,303,650
1899 9,256,570
1900 1 ia,999,604
1901 1 11,074,492
1902 i 12,472,590
280,375
325,581
389,819
387,218
477,346
499,074
585,066
672,547
768,480
777,266
1,234,146
985,915
1,097,710
1,174,010
1,281,031
1,423,932
1,508,649
1,577,222
1,992,213
2,066,907
2,202,132
2,520,623
2,792,261
3,282,477
Total 121,903,485 30,302,000 152,205,485 54,531,074 33,196,ai6
Total
Income.
1,199,719
1,364,923
1,680,846
1,949,303
2,216,319
2,431,580
2,742,404
3,154,660
3,691,006
4,0,38,066
5,805,064
5,222,661
5,606,544
6,180,727
6.757,090
7;295,609
7,806,579
8,519.050!
9,572,029!
10,370,557!
11,458,702!
13,520,227!
13,866,753
15,755,067
Paid
to Policy
holders.
General
Expenses.
331,118
412,230
683,595
719,656
777,355
671,448
934,750i
1,316,175
1,405,686]
1,416, 516 1
2,001,150!
2,081,236'
2,036,711
2,438,040
2,265,703
2,567,454
3,070,440
3,244,495
3,641,627
3,542,393
3,801,089
5,195,146
4,890,754
5,086,307
247,885
272,689
350,973
396,398
459,329
508,573
527,371
659,938
736,846
874,657
1,091,027
1,006,698
1,093,215
1,210,501
1,432,144
1,560,229
1,723,309
1,778,627
2,119,4.37
2,391,527
2,616,951
3,117,578
3,262,458
3,757,986
Dividends
to Stock-
holders.
33,351
32,311
76,122
66,459
40,856
48,821
36,769
109,450
70,202
52,651
65,411
121,005
55,465
57,010
57,994
59,908
132,112
76,031
83,774
87,885
88,510
82,342
128,442
190,264
Total
Expendi-
ture.
612,354
717,230
1,110,690
1,182,513
1,277,540
1,228,842
1,498,890
2,085,563
2,212,734
2,343,824
3,157,588
3,208,939
3,185,391
3,705,551
3,755,841
4,187,591
4,925,861
5,099,153
5,844,838
6,021,805
6,506,550
8,395,066
8,281,654
9,034,557
1,853,145 89,580,665
^Including 20 months' business of the Canada Life.
XXViii DEPARTMENT OF FINANCE— INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
VALUATION OF LIFE POLICIES IN CANADA.
The following are the results of the valuation of the policies of a number of the
licensed life insurance companies completed since the issue of the last report.
The valuation is made on the basis of the H*^ Mortality Table of the Institute
of Actuaries, at 4 J per cent interest for policies issued previous to January 1, 1900, and
3 J per cent for subsequent policies, the pure premiums only being valued.
DOMINION LIFE ASSURANCE COMPANY.
Valuation as at December 31, 1902.
t
Number of policies in force, 3,541 ; amount, $4,898,538 ; value, $534,633. Amount
of bonuses, $8,660 ; value $4,800. Amount of policies reinsured, $80,000 ; value,
$3,177. Number of life annuities in force, 3 ; annual payments thereunder, $469.48 ;
value, $3,008. Total net amount in force, $4,818,538 ; total net reserve, $539,264.
LONDON AND LANCASHIRE LIFE ASSURANCE COMPANY.
Valuation as at December 31, 1902.
1. Policies issued previous to March 31, 1878 : — Value of said policies, $134,819 ;
value of bonus additions, $18,167. Total net reserve, $152,986.
2. Policies issued subsequent to March 31, 1878 : — Value of said policies,
$2,012,000; value of bonus additions, $52,241. Total net reserve, $2,064,241.
Net reserve on all policies in force, $2,217,227. "
MUTUAL LIFE INSURANCE COMPANY OF NEW YORK.
Valuation as at December 31, 1902.
Number of policies in force, 13,139; amount, $27,294,235; value, $5,495,439.
Amount of bonus additions, $367,505 ; value, $222,912. Number of life annuities in
force, 49; annual payments thereunder, $21,778.86; value, $184,567. Total net
reserve, $5,902,918.
STANDARD LIFE ASSURANCE COMPANY.
Valuation as at November 15, 1902.
1. Policies issued previous to March 31, 1878: — Number of said policies, 834;
amount, $1,467,552; value, $779,462. Amount of bonus additions, $416,196; value,
$274,211. Total net reserve, $1,053,673.
2. Policies issued subsequent to March 31, 1878 : — Number of policies, 9,561 ;
amount, $18,364,039 ; value, $4,668,474. Amount of bonus additions, $888,767 ; value,
$491,436. Amount of policies reinsured, $199,460; value, $30,982. Number of life
annuities, 28 ; annual payments thereunder $9,749.85 ; value, $98,758. Total net
reserve, $5,227,686.
Total net amount in force, $20,937,094 ; total net reserve, $6,281,359.
REPORT OF THE SUPERINTENDENT xsix
SESSIONAL PAPER No. 8
, STAR LIFE ASSURANCE SOCIETY.
Valuation as at December 31, 1901.
Number of policies, 247 ; amount, $4.53,761 ; value, $144,219. Amount of bonus
additions, $50,506 ; value, $35,162. Number of life annuities, 1 ; annual payment
thereunder, $115.92; value, $600. Total amount in force, $504,'268 ; net reserve,
$179,981.
SUN LIFE ASSURANCE COMPANY OF CANADA.
Valuation as at December 31, 1901.
Number of policies, $53,950; amount, $61,810,953; value, $9,774,153. Amount
of bonus additions, $589,978 ; value of bonus additions and premium reductions,
$336,577. Amount of policies reinsured, $16,050; value, $1,755. Number of life
annuities, 196 ; annual payments thereunder, $50,892.87 ; value, $499,744. Total net
amount in force, $62,384,881 ; total net reserve, $10,608,719.
CANADIAN LIFE COMPANIES IN FOREIGN FIELDS.
The undermentioned Canadian Life Insurance Companies carry on business outside
Canada in the several countries, states, kc, set opposite their respective names, viz. —
Name of Company. Name of Countries, States, &c.
Canada Life Assurance Company The States of Illinois, Michigan, Minnesota, New York, Ohio,
Pennsylvania and Washington in the United States of America ;
the Bahamas, Great Britain and Newfoundland.
Confederation Life Association Newfoundland, Mexico and West Indies.
Manufacturers' Life Insurance Com-
pany Newfoundland, Bermuda, British Honduras, British West Indies,
Costa Rica, Egypt, Hayti, Hawaiian Islands, India, Japan,
China (Treaty Ports), Porto Rico, Philippine Islands, Straits
Settlements and Venezuela.
Mutual Life Assurance Co. of Canada
(formerly the Ontario Mutual) Newfoundland,
North American Life Assurance Co The States of Illinois, Maryland, Michigan, New York, New
Jersey, Pennsylvania, and Washington in the United States
of America, the Bahamas, Bermuda, and Newfoundland.
Sun Life Assurance Co. of Canada Belgium, Bermudas, British Honduras, Open Ports of China, Chile,
Costa Rica, Egypt, Turkey, France, Great Britain and Ireland,
British and Dutch Guiana, Venezuela, Hawaiian Islands, Hol-
land, India, Japan, Java, Newfoundland, Philippines, Straits
Settlements, several states of the United States of America
(District of Columbia, Georgia, Maryland, Michigan, New
Jersey, North Carolina, Pennsylvania, South Carolina and
Virginia), Mexico, and the West India Islands.
ASSESSMENT LIFE INSURANCE, 1902.
k
The business of life insurance on the assessment plan has been carried on by four
Canadian Associations, reporting to this office, three of them being fraternal societies,
and one the Commercial Travellers' Mutual Benefit Society, insuring only commercial
travellers, manufacturers, wholesale merchants and their clerks and salesmen.
XXX departme:st of finance-insurance branch
2-3 EDWARD VII., A. 1903
One American company, the Mutual Reserve Life Insurance Company, which for-
merly carried on business on the assessment plan under the name of the Mutual Reserve
Fund Life Association, has been reincorporated under the laws of the State of New
York as an ordinary or level premium life insurance company, and having given the
notice provided for in Section 42a of the Insurance Act is required, under the provisions
of said section, to maintain in respect of all policies issued in Canada since August 11,
1899, the reserve required by sections 25 and 35 of said Act to be maintained by
ordinary life insurance companies with fixed an^ definite premiums. Since its said
reincorporation its contracts have been those of an ordinary life company, payable at
death, while policies issued prior to the date above mentioned are dealt with according
to the laws applicable to assessment life insurance companies.
The total amount of policies taken in Canada during the year 1902 by the four
Canadian associations above referred to was $10,326,000, which is greater than the
amount of assessment policies of these associations taken in 1901 by $869,000, and the
net amount in force at the end of the year was $121,016,500, which is greater than the
amount in force at the end of 1901 by $4,474,000. The amount of the insurance ter-
minated by death was $1,074,013, and by surrender and lapse, $4,822,987. The total
terminations amount to 57-10 per cent of the amount of new policies.
The details of individual companies will be found on pages xcv and xcvii.
The total amount paid by members for membership fees, annual dues, assessments,
&c., was $1,437,994, and the amount paid for death claims was $1,120,891.
Details of the assets and liabilities, income and expenditure will be found on pages
xcviii, xcix and c.
ACCIDENT AND GUARANTEE INSURANCE IN CANADA, 1902.
The business of accident insurance was transacted by nine companies, viz. : 5 Cana-
dian (all of which combined it with sickness insurance, 1 with plate glass insurance, and
1 with guarantee business) 1 American (also combined with life), and 3 British, (2 of
which combined it with guarantee business, and 3 with sickness insurance).
The Accident and Guarantee Co., of Canada, commenced business during the year,
and just before the close of the year a license was issued to the Railway Passengers
Assurance Company for the transaction of guarantee, accident and sickness insurance.
The total accident premiums received in Canada were $911,340, insuring an amount
of $138,515,459, and the sum of $389,273 was paid for claims, with $118,349 claims not
settled.
An abstract will be found on page civ.
The guarantee business was conducted by five companies — two Canadian, two
British and one American.
The list does not differ from that of the previous year.
REPORT OF THE SUPERINTENDENT xxxi
SESSIONAL PAPER No. 8
The premiums received were $125,435, guaranteeing an amount of $33,542,585, and
the net amount paid for claims was $10,110 with $9,337 claims not settled.
The Guarantee Company of North America transacts business outside of the Domin-
ion, which is not included in the above.
SICKNESS INSURANCE.
The business of sickness insurance has been carried on by seven companies, viz.,
three British and four Canadian. Three of the companies combine it with accident
insurance, three with guarantee and accident insurance, and one with accident and plate
glass insurance. Of the seven companies referred to, only two regularly issue sickness
policies not in combination with accident risks ; four issue combined accident and sick-
ness policies, and one issues a combined accident and sickness policy, a limited sickness
policy in conjunction with an accident policy and also in rare cases a separate sickness
policy.
It appears, however, that sickness insurance not in combination or in conjunction
with accident risks has been carried on only to a very limited extent and returns of the
premiums received in respect thereof and losses paid, &c., have not been made to this
department.
In addition to the seven companies above referred to, two fraternal societies,
licensed by this office, viz. : the Supreme Court of the Independent Order of Foresters
and the Subsidiary High Court of the Ancient Order of Foresters pay sick benefits to
such of their members as stipulate therefor in their application for membership. In
the case of the latter these benefits are paid partly through the lodges and partly by the
Subsidiary High Court.
PLATE GLASS INSURANCE IN CANADA, 1902.
The business of plate-glass insurance was transacted by four incorporated com-
panies, viz.: 2 Canadian (1 of which combined it with accident insurance), and 2
American.
The companies, having adopted the system of insurance by replacement, instead of
paying the value of the glass broken, and their contracts not stating any amounts as
insured thereby, their returns do not show the amount of insurance effected during the
year, nor the amount in force at the end thereof. The premiums received during the
year in Canada for plate-glass insurance were $87,614, being greater than the amount
received the previous year by $12,628, and the total losses incurred were $36,239, being
$1,286 greater than the amount incurred in 1901. An abstract will be found at page
civ.
BURGLARY GUARANTEE INSURANCE, 1902.
This branch of insurance which is transacted to a considerable extent in Great
Britain, was introduced into Canada ten years ago. On June 14, 1893, a license was
issued to the Dominion Burglary Guarantee Company (Limited), whose head office is at
XXXii DEPARTMENT OF FINANCE— INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
the city of Montreal, to transact the business of guaranteeing against loss or damage by
reason of burglary or housebreaking, and guaranteeing against loss of jewellery, bullion
and other moveable property deposited with it for safekeeping. This company which
was incorporated by an Act of Parliament of Canada, assented to on April 1, 1893,
is the only company licensed by this department to carrying on the business of burglary
guarantee insurance in Canada. A table showing the premiums received by it, the
number of policies issued, the amount insured thereby, the number and amount of poli-
cies in force at the end of the year, the amount of claims paid, &c., will be found at
page cv.
At the present time there are one hundred and seven (107) companies under the
supervision of this office. The nature of the business transacted by them is as follows :
Number of companies doing life insurance 51
II ' II assessment plan. .... 4
II fire insurance 36
II inland marine insurance 6
II ocean marine 2
II accident insurance 11
II guarantee insurance 7
It steam boiler insiH'ance 1
II plate-glass insurance 4
II burglary guarantee insurance 1
II registered mail, &c,, insurance. ... 3
II sickness insurance 12
II sprinkler leakage 1
The deposits for the protection of policy-holders, held by the Honourable the
Receiver General in trust for these companies, at June 24, 1903, amounted to
$33,817,586.97 in securities as follows : —
Canadian Government securities $ 3,560,637 27
Canada Provincal securities 5,193,830 65
United States bonds 775,000 00
British Government securities 1,537,866 67
British Colonial securities 852,640 00'
Bank deposit receipt 110,000 00
Montreal harbour bonds 386,000 00
Municipal securities 18,174,725 72
Bank stocks 23,633 33
Loan companies debentures 328,586 67
Railway debentures 2,039,666 66
Massachusetts bonds 835,000 00
Total , $33,817,586 97
There was also deposited with Canadian trustees, in conformity with the Act,
$15,795,555.00, making a total of $49,613,141.97 for the protection of policy-holders,
being an increase since last report of $2,790,641.49.
REPORT OF THE SUPERINTENDENT XXXiii
SESSIONAL PAPER No. 8
The distribution of the total sum of $49,613,141.97 held, as above mentioned, for
the protection of policy-holders among the different classes, is as follows : —
Fire and inland marine | 8,360,801 51
Life 39,889,287 86
Accident, guarantee, plate-glass, &c 1,363,052 60
Total I 49,613,141 97
The total amount of premiums received in Canada for all forms of insurance was
$30,551,447, of which $14,306,219 was received by Canadian companies, and $16,245,228
by British and American. The following summary shows the distribution of the
premiums to the various classes : —
Premiums, 1902.
Fire $ 10,577,084
Inland marine 45,211
Life 17,077,560
Life (assessment) ." . 1,437,994
Accident 911,340
Guarantee 125,435
Plate-Glass 87,614
Steam Boiler 36,264
Burglary Guarantee 18,257
Sickness (so far as separate return made) 201,594
Inland transit ... 33,094
Total $ 30,551,447
Or dividing them according to the nationalities of the companies :-
Premiums, 1902.
Canadian
Companies.
British
Companies.
American
Companies.
Fire
Inland Marine.
$
2,055,793
27,714
10,048,204
1,437,994
409,360
43,613
35,919
193,071
36,264
18,257
$
6,946,919
5,551
1,415,273
1,574,372
11,946
Life
Life (Assessment)
Accident
Guarantee
Plate-Glass
5,614,083
426,162
70,847
8,523
75,818
10,975
51,665
Steam Boiler
Burglary Guarantee
33,094
Total
14,306,219
8.906,369
7,338,859
xxxiv DEPARTMENT OF FINANCE-INSURANCE BRANCH
2-3 EDWARD VII., A. 1!
KULES AND KEGULATIONS REGAKDING THE ACCEPTANCE OF
SECURITIES OFFERED FOR DEPOSIT BY INSURANCE
COMPANIES, &c., &c.
The following extracts from Orders in Council, Minutes of the Treasury Board,
&c., (all of which have been previously published) are here collected for convenience
of reference :
Particulars of Securities offered for Deposit. — ' All applications for the acceptance of bonds
or debentures, whether as original deposits or in exchange for securities which the applicants
desire to have released, must be accompanied by a .statement giving full particulars of the
securities offered for acceptance under the following headings, viz. : —
' Date, date of maturity, place of payment of principal, rate of interest, how payable, i.e.,
yearly or half-yearly, date and place of payment of interest, market value at time of applica-
tion for acceptance, and, if not quoted in the market, the price at which purchased by the
company and date of such purchase.
' Also, as regards municipalities whose bonds or debentures are offered :
' The population, assessed value, rate of taxation, assets, total debenture indebtedness, and
all other liabiilities, income and expenditure for the last fiscal year, and any other details in
the possession of the company which would be of assistance in determining the value of the
securities offered for acceptance.
' The Board desire to be in possession of all possible information in relation to such secu-
rities in order that they may be in a position to give the matter proper consideration.' (T.B.,
Nov. 9, 1888.)
Railway Debentures. — ' The Board are of opinion that they cannot accept as a deposit the
bonds of any railway company, unless guaranteed directly or indirectly by the Canadian Gov-
ernment.' (T.B., Oct. 27, 1890.)
Loan Companies' Bonds. — The Board had under consideration a memorandum from the
Superintendent of Insurance with reference to the application of the Land Mortgage Companies'
Association of the province of Ontario to have the debentures of loan companies accepted by
the government as deposits on behalf of insurance companies in which he reports that the said
association is composed of incorporated loan companies or societies authorized to lend money
on real estate in the province of Ontario, and all such companies or societies are eligible for
membership upon payment of certain fees ; that the loan companies which compose the said
association may be divided into the following classes : —
I. ' Companies incorporated under the provisions of the Statute of the Province of Canada,
9 Victoria, chap. 90, consolidated in chapter 53 of the Consolidated Statutes of Upper Canada,
included in chapter 169 of the Revised Statutes of Ontario (1887), and commonly known as the
Building Societies' Act.
II. • Companies incorporated under the " Canada Joint Stock Companies' Act, 1877,"
now known as the " Companies Act," being chapter 119 of the Revised Statutes of Canada
(1886).
III. 'Companies incorporated under special Acts of the Legislature of the Province of
Canada or of the Parliament of the Dominion of Canada.
IV. ' Companies incorporated under the " Ontario Joint Stock Companies' Letters Patent
Act, 1874," being chapter 150 of the former and chapter 157 of the last Revised Statutes of
Ontario.
V. ' Companies incorporated under the English Companies' Act, and licensed to transact
business in Canada under 37 Victoria, chapter 49, being chapter 125 of the Revised Statutes
of Canada.
The Board, after careful consideration of the report of the Superintendent of Insurance
as to the class of securities upon which the above companies can invest their funds, and as to
the borrowing powers of the said companies, direct that the deibentures and debenture stock
of such companies, belonging to the said association, as meet the requirements hereafter set
forth, may be accepted as deposits on behalf of the insurance companies, at such rate as the
Treasury Board may see fit to place upon them, not, however, to exceed the value usually
placed upon municipal securities, viz., 90 per cent of the par valine thereof when the market
value is at least equal to such par value, or 90 per cent of the market value, when the market
value is less than the par value.
The requirements above referred to are as follows: —
1. The company shall have kept strictly within the powers in relation to borrowing and
investment conferred upon it by the Act under which it is incorporated.
2. It shall have a paid-up capital of at least $500,000.
3. It shall have been in successful operation as a loan company for not less than ten years.
4. It shall have a reserve fund amounting to not less than 25 per cent of its paid-up capital.
5. Its stock shall have a market value of not less than par.
The Board also direct that every application on behalf of an insurance company for the
acceptance of any such debentures or debenture stock as her«lo «Lbov« provided, shall form
REPORT OF THE SUPERINTENKENT XXXV
SESSIONAL PAPER No. 8
the subject of a special reference to the Treasury Board, and that the company shall supply,
for the information of the Board, all necessary particulars, including a statement of the
borrowing powers and powers of investment of the loan company whose securities are offered
as a deposit, and a statement showing in detail the nature of the investments of such loan
company, all properly verified. (T.B., October 16, 1896.)
IIo asmrance of acceptance of Bonds by the Treasury Board.— The Superintendent asks the
decision of the Board upon the folilowing question, viz. : —
' Willi the Board inform a company desirous of purchasing certain bonds or securitlea
whether they will be accepted or not as a deposit in the event of their being purchased ? '
*******
' The Board, after deliberation, are of opinion that they cannot give any assurance to any
company that securities will or will not be accepted in the event of their being purchased.'
(T.B., April 1, 1889.)
Deposit Receipts. — ' The Board direct that deposit receipts be not accepted in any case as a
deposit on behalf of any company.' (T.B., January 25, 1888.)
Bank Stock, dc. — ' Bank stock or shares in any private company will not be accepted.'
(O.C., January 17, 1876.)
Registered Bonds as Deposits. — ' When registered bonds are received as deposits they must
be registered in the name of the Receiver General. Bonds registered in the name of a com-
pany accompanied by an assignment in favour of the Receiver General, will not be accepted.
When registered bonds are intended to be used as a deposit, they should, before being for-
warded to (this department, be registered thus — in the name ot ' the Receiver General of Canada
in trust for (giving name of the company) being part of the deposit made by the company with
said Receiver General in pursuance of the statutes of Canada in that behalf.' (T.B., July 13,
1891.)
Foreign Municipal Securities. — * The Board are of oipinion that no municipal securities other
than Canadian should be accepted for deposit under the Insurance Act.' (T.B., January 30,
1894.)
Exchange of Securities deposited with the Receiver General. — The Board establishes the follow-
ing rule, viz., that bonds or securities of any kind deposited with the Receiver General can
be released and withdrawn only upon the deposit with the Receiver General of an adequate
amount of other securities satisfactory to the Board. (T.B.. Octoiber 28, 1899.)
Municipal and other Securities as Deposits. — The Board, on the report of the Superintendent
of Insurance, direct as follows : —
(1.) That Canadian municipal securities, Montreal Harbour bonds, Canadian Pacific Land
Grant bonds, United States State securities and loan companies' debentures (where such
securities are in all respects acceptable to the Treasury Board) be hereafter accepted at 95
per cent of their market value at the time of deposit, such accepted value in no case however
to exceed j)ar.
(2.) Th^ all securities of the classes mentioned in the preceding clause (1), which have
been heretofore deposited and are still in the hands of the Dominion Government at Ottawa,
or in the hands of the Bank of Montreal, London, England, on behalf of the government, be
revalued upon the basis set out in said clause (1).
(3.) That for the purpose of such revaluation the various insurance com'panies by which
such securities have been deposited be required to furnish from time to time when called for
by the Superintendent, schedules thereof giving the full particulars of such securities, includ-
ing their par and market values, such par and market values to be certified to by a competent
valuator or appraiser. (T.B., June 14, 1900.)
LEGAL DECISIONS.
The following digest of recent legal decisions will be found useful by those en-
gaged in the business of insurance : —
1. Life insurance, delivery of policy, contract by minor, forged indorsements,
fraud of agent, misstatement of age.
(a.) The production from the custody of representatives of the insured of a policy of life
insurance, raises a prima facie presumption that it was duly delivered and the premium paid,
but where the consideration of the policy is therein declared to be the payment of the first
premium upon the delivery of the policy, parol testimony may be adduced to show that, as a
matter of fact, the premium was not so paid and that the delivery of the policy to the person
therein named as the insured was merely provisional and conditional.
The reception of such proof cannot, under the circumstances, be considered as the admis-
sion of oral testimony in contradiction of a written Instrument, and, in the province of Quebec
in commercial matters, such evidence is admissible under the provisions of article 1233 of the
Civil Code.
(May 15. 1902.— Supreme Court of Canada, Mutual Life Assurance Company v. Qigudre, 38
Canada Law Journal (1902), p. 499 ; 32 S.C.R., p. 348.)
(6.) Action on a promissory note for $686.25 given in payment of the first premium on a
policy of life insurance for $25,000. The defendant pleaded that he was a minor when the con-
XXXVi DEPARTMENT OF FINANCE— INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
tract was made ; that it was disadvantageous to him, as it absorbed nearly all his annual
revenue ; and that as soon as his tutor had heard of it he had served a protest on the com-
pany on the ground that the contract was injurious to his pupil.
Held, that the defendant had established his plea, and that it was not his interest to have
60 large an insurance, especially as his health was not good, and the premium took up nearly
all his fixed income.
Action dismissed, but without costs. Inasmuch as the plaintiffs had been led into error as to
the defendant's age, health, and financial circumstances.
(October 3, 1902.— Mr. Justice Pagnuelo, Quebec ; Imperial Life Ins. Co. v. Charlebois, 22
Canadian Law Times (1902), p. 417.)
(c.) N. was the assistant superintendent of a life insurance company, as well as its local
agent at one of its branches, having sole control of the business there. A number of applica-
tions sent in by him to the head ofllce were, with the exception of some five, on the lives of ficti-
tious persons, and, a.s to these five, the insurances had subsequently lapsed, of which fact th»
company were kept in ignorance. Afterwards N., representing that the insured were dead and the
claims payable under the policies, sent in to the head office claim papers, filling in the names
of the fictitious claimants and forging their alleged signatures thereto, whereupon cheques
for the respective amounts, made by the company in favour of the alleged claimants and
payable at a branch of the defendant's bank, were sent to N., whose duty it was, on the
receipt thereof, to see the payees and procure discharges from them. On receipt of these
cheques the indorsements of the fictitious payees' names were forged, and the cheques presented
to the bank and paid in good faith, the amounts thereof being charged to the company's
account.
Held, that the company were affected by what had been done by N. so as to preclude them
from disputing the right of the bank to pay the cheques and charge the plaintiffs with the
amount thereof.
(January 16, 1903. — Chief Justice Sir William Meredith ; London Life Insurance Company v.
Molsons Bank, 23 Canadian Law Times (1903), p. 155 ; 5 Ontario Law Reports (1903), p. 407.)
(d.) In an action on a policy of life insurance the main defence was that the insured in his
application, made in 1891, stated he was 41 years of age, whereas in fact he was 44. The evi-
dence showed that 44 was his actual age at the time. Evidence of statements made by the
insured many years before the application tending to show his belief that he was born In 1850,
was rejected.
Held, that the evidence should have been admitted for the purpose of showing that the
statement in the application as to age was made in good faith and without intention to
deceive.
In answer to questions the jury found that the statement in the application that the
insured was born in 1850 was untrue and was material, and also that the insured did not make
the misstatement in good faith believing it to be true and without intention to deceive.
Held, that on these answers judgment should have been entered for the defendants, and
that it was not correct to say that the onus was on them to show want of good faith and an
intention to deceive, but that it lay upon the persons seeking to Uiphold the contract to prove
the cnntjrary. New trial ordered.
(January 26, 1903. — Court of Appeal, Ontario ; Dillon v. Mutuail Reserve Fund Life Associa-
tion, 39 Canada Law Journal (1903), p. 202.)
2. Assessment insurance, benevolent society, alteration of constitution, designa-
tion OF beneficiaries, supposititious wife, dependent, repudiation, waiver, legal
heirs.
(e.) A beneficiary certificate, dated October 19th, 1896, issued by a friendly society incor-
porated under The Benevolent Societies Act, R.S.O., 1877, ch. 167, was conditioned, Inter allia>
that the beneficiary complied with the constitution, rules or orders governing, ' or that might
thereafter be enacted by the defendants to govern the order and its benefit funds,' and by it
the defendants agreed that on the plaintiff, the beneficiary, attaining the age of 70, which he
had done, they would pay out of the total disability fund, ' in accordance with the laws govern-
ing such fund,' sums not exceeding a certain amount.
Held, that the constitution of the defendants having been duly altered in 1900 in respect
to a beneficiary claiming on the ground of having attained the age of 70 years, from what it
was in 1896, when the plaintiff's certificate was issued, in such a way as to diminish the amount
the plaintiff would be entitled to, he was nevertheiless bound by the alteration, and could only
recover in accordance with it.
Held, also, that the plaintiff was not bound to exhaust, before action, the appeals within
che society provided for by the rules, for under R.S.O., 1897, ch. 203, sec. 80, every lawvful claim
Rgainst an insurance corporation under an insurance contract shall become legally payable 60
days after proper proof of loss, and any rules, conditions, or stipulations to the contrary shall,
as against the assured, be void.
REPORT OF THE SUPERINTENDENT xxxvii
SESSIONAL PAPER No. 8
A provision of the defendants' constitution provided that the plaintiff must sign an ac-
ceptance subscribed thereto, which he had- not done until shortly before action brought :
Held, that the defendants, having assessed the plaintiff and accepted payment of the
assessments on the footing of an existing certificate, and having accepted proofs of claim and
paid part on account thereof, had waived this requirement.
Held, also, that the optional or special benefit which the plaintiff was claiming being pay-
able in full and not by instalments, he was not estopped from insisting that the whole of the
benefit was due, merely by reason of having accepted a cheque expressed to be for the full
amount of the first instalment thereof. Judgment of McMahon, J., varied.
(June 28, 1902.— ^Court of Appeal, Ontario ; Doidge v. Dominion Council of Canada and New-
foundland Royal Templars of Temperance, 4 Ontario Law Reports (1902), p. 423.)
if.) A benefit society issued a beneficiary certificate payable to the wife of the assured at
his death ; she died ; and he then (in 1895) indorsed on the certificate a direction that pay-
ment was to be made ' to my children as directed by my will.' The day befoie his death (in
1902) the assured made a will by which he directed that the whole of his estate should be
divided amongst his children— there being both adult and infant children — in equal shares, but
made no reference whatever to the benefit certificate or to the moneys payable thereunder:
Held, that the infant children of the assured were entitled to the whole of the moneys, by
virtue of the amendment made to the Insurance Act, R.S.O., 1897, ch. 203, sec. 151, subsec, (6),
by 1 Edw. VII., ch. 21, sec. 2, subsec. (7).
(July 3, 1902. — Mr. Justice MacMahon, re Snyder, 4 Ontario Law Reports (1902), p. 320.)
ig.) A supposititious wife of the holder of a life benefit certificate in a friendly society, who
had married him in ignorance that he had a lawful wife living, and had cohabited with him
some six years and up to his death, believing herself during the greater part of this time to
be his wife, and to whom 'the certificate was .made payable by name, with the appellation 'my
wife ' added, was held, after his decease, entitled as against the lawful wife to the moneys
payable thereunder as being a ' dependent ' within the meaning of the society's rules, notwith-
standing the conjunction of that word with a number of others importing relationship oy blood
or affinity.
Held, also, that although the society had not stood upon their strict rights but had
paid the money into court to be dealt with by the court, that fact did not affect the rights of
the parties, which must be determined according to law, and not ' ex aequo et bono.'
(August 6, 1902.— Divisional Court, Ontario ; Crosby v. Ball, 4 Ontario Law Reports (1902),
p. 496.)
ih.) The plaintiff (respondent) took out two policies of insurance in the appellant company,
one in 1885, and the other in 1887, and he paid his premiums up to 1898. He then refused to
pay the premiums and his policies were declared forfeited. He thereupon brought suit claim-
ing the repayment of the moneys he paid in, with interest, amounting to $6,509.51. He alleged
that he was induced to become a member of the association by the false representations made
by its directors and agents in prospectuses and circulars and that the company continued to
deceive him in the same manner up to 1898, at which time he discovered the fraud and refused
longer to make the payments. The company denied the false representations and set up as a
defence that the plaintiff respondent accepted the contract as made, and acquiesced in it by not
repudiating it within a reasonable time.
Held, this being a mutual company each member agrees to idemnify co-members in pro-
portion to the guarantee that he receives from them, and in this lies its difference from insur-
ance on the level premium plan. As each assessment depends upon the aggregate death losses
which have to be paid, the premium is essentially a variable one, and unless there is a clause
in the contract, or the by-laws of the company, limiting the liability of the member, it is
impossible to fix and determine the maximum that each member may be called upon to pay, and
if the liability of the member should be limited, it would frequently be impossible to pay the
death claims in full, in view of the fact that the mortuary premiums are the only proportionate
share of the death claims properly apiportioned to each member. It is possible to conceive of
a mutual insurance company in which each member would be required to pay an assessment,
the amount of which was fixed in accordance with his age of entry, but such is not the system
of the defendant company. According to its constitution and by-laws, it is the natural premium
system of life insurance that it has adopted as its foundation principle ; that is to say, that
the mortuary premiums shall increase as the chances of surviving diminish ; and the propor-
tionate share in the payments to be made must consequently Increase each year, and the mem-
ber be assessed according to his current age. The respondent in his factum does not pretend
that his contract did not justify the directors in demanding from the members the assessments
that he refused to pay, but he seeks to have his contract declared nuill and void ab initio, on
the ground that it was obtained by fraud, and because it was different from the contract that
he was led to believe that he was agreeing to. The policy refers to the application for ad-
mission to the association made by the respondent, to the constitution or by-laws of the com-
pany, and it therefore may be said that the contract consists of the agreements set forth in
the application of the insured, and in the terms and conditions of the policy, constitution and
by-laws taken together. There cannot be the slightest doubt that by the terms of this contract
the respondent agreed to pay his share of the amount required to meet the mortuary liabilities
no matter what it might amount to, and that the payments to be made in this regard were to
8— D
XXXViii DEPARTMENT OF FINANCE-INSURANCE BRANCH
2-3 EDWARD VII.. A. 1903
be apportioned according to the age of the insured at the time of each assessment. The policy
of 1885 reads as follows : —
' If at such dates as the Board of Directors of the Association may, from time to time, fix
or determine, for making an assessment, the death fund is insufficient to pay existing claims
by death, an assessment shall then be made upon every member whose certificate is in force
at the date of the last death assessed for, and said assessment shall be made at such rates
according to the age of each member.'
A similar clause is found in the policy of 1887. One of the articles of the constitution pro-
vides : —
' On the first week day of the months of February, April, June, August, October and Decem-
ber of each year (or at such other periods as the Board of DirectoriS may from time to time
determine) an assessment shall be made upon the entire membership in force at the date at
the last death of the audited death claims prior thereto for such a sum as the Executive Com-
mittee may deem sufficient to meet the existing claims by death, the same to be apportioned
among the members according to the age of each member.'
The by-laws contained the following : —
' The basis of the assessment rate for each member, according to the age taken from the
nearest birthday, on each $1,000, shall be as follows : — '
And then follows a table of rates* in accordance with age.
The contract sets forth, clearly the liability of the insured in this regard. Was it not his
duty to examine it before accepting it ? He did not need to possess the special qualifications
of an actuary to understand the true character of the contract or the extent of the obligations
that the insured assumed. Seeing that the contract was in contradiction of the circulars and
required him to assume the duty of making payments, the amount of which shouild only be
limited by the amount of the death claims, was it not the duty of the insured to investigate
the matter ? This rule applies to all kinds of contracts. From 1885 to 1898 the respondent had
the benefit of his insurance. Can he now demand the re-payment of that which he paid in,
without being met with his own negligence in accepting a contract without reading it or with-
out understanding it, as a comiplete defence ? But, replies the respondent, I was kept in error
continually up to 1895, because assessments were made upo^n me during that time according to
the age at entry and without exceeding the maximum fixed. Let it be conceded, but his con-
tract always provided otherwise. So much the better for him if he was charged less than he
might nave been required to pay, but in spite of that the contractual obligation still existed.
As a matter of fact, the respondent was informed by each notice of assessment sent him that
the association was based upon the system of insurance known as the natural premium system,
end the Shield's resolution, to which the respondent makes reference, declares in the very
beginning thereof the character of the company : — ' Whereas, Mutual Reserve Fund Life Asso-
ciation was established upon the natural premium system of life insurance.' It was precisely
because reliance was placed upon the obligation which rested upon the members to contribute
sufficient for the payment of death claims in full, that the accumulation of a reserve was
opposed, and that it was decided that the assessments should not exceed the maximum accord-
ing to the age at entry according to the table, and whatever amount was required in excess
thereof should be taken from the reserve fund. It could be very easily foreseen that if the
reserve became exhausted, the rates would have to be raised, and that is what happened. This
decision of the members to maintain the premiums at rates at age at entry without exceeding
the maximum did not in any way imply an abandonment of the right to make assessments
according to the actual age, in conformity with the contract and the constitution or by-laws,
at such time as it might be necessary to do so in order to pay the death claims.
The statements contained in the circulars that the reserve fund would do away with the
increase of premiums, would even permit a decrease in the amount thereof and would end
by almost entirely meeting the assessments upon the members of the company, seem to
prove the fact that the organizers of the company believed erroneously that the interest on the
reserve fund would suffice to pay the premiums. Taken in their entirety these circulars indi-
cate rather a statement of hopes than of facts. They, were certainly of a nature to deceive,
and a contract entered into under such circumstances by surprise, might perhaps have been
repudiated at once, but we do not believe that the respondent having been a member during
a period of more than twelve years is justified in demanding the annulment of a contract be-
cause he misunderstood, ignored or misinterpreted the constitution or by-laws of the com-
pany, or because he was mistaken as to the character of the association of which he was a
member during so long a time.
(December 23, 1902. — Province of Quebec, King's Bench (Appeal Side) ; Angers v. Mutual
Reserve Fund Life Association, S9 Canada Law Journal (1903), p. 250.)
(i.) A certificate issued by a benevolent society to a married woman on the 25th October,
1892, provided that the benefit was to be payable to her ' legal heirs as designated by her will.'
She died on the 14th November, 1892, leaving her husband and three children her surviving. By
her will, dated the 30th September, 1892, she gave specific properties and legacies to her hus-
band and each of her three children by name, the insurance to her executors ' for the purpose
of paying thereout all debts due by me,' and the residue to her children.
Held, that the bequest of the insurance money to the executors was inoperative ; that it was
payable to the three children as ' legal heirs designated by wild,' and that the children were
not bound to elect between the benefits specifically given to them and the insurance money.
(April 4, 1903.— Sir John Boyd, Chancellor, Griffith v. Howes, 23 Canadian Law Times (1903),
p. 169.)
REPORT OF THE SUPERINTENDENT xxxix
SESSIONAL PAPER No. 8
3. ACCIDENT INSURANCE, FINDING OF JURY, BENEFICIARY NOT NAMED IN POLICY, CONDITION AS '
TO AWARD, ACTION ON POLICY.
ij.) Proofs of loss were furnished within the time limited by an accident policy without ob-
jection being taken to their sufficiency, the refusal to pay being based on the contention that the
circumstances surrounding the death of the insured brought it within a olause of the policy
providing against liability where the death was by suicide, duelling, &c., or from natural causes'
objection to the sufficiency of the proofs having been taken for the first time in the statement
of defence delivered a couple of years afterwards : —
Held, that the proofs furnished were sufficient ; but, in any event, objection to their suffi-
ciency, or the right to call for further proofs, had been waived.
The insured was found dead on the track of a railway, having been run over by a train. He
was seen by the engineer lying on the track before the train struck him. Shots v/ere heard
shortly before this, and a pistol was found near the place. In the cap of the deceased were
two h.oles, which might have been caused by pistoil bullets.
By the policy the death was required to be by accidental bodily injury caused by violent
external means ; while by sec. 152 of the Insurance Act, R.S.O. 1897, ch. 203, which is to be
read with the policy, ' accident ' is defined as any bodily injury occasioned by external force
or agency, and happening without the direct intent of the person injured, or happening as the
direct result of his intentional act, such act not amounting to violent or negligent exposure to
unnecessary danger. The jury found that there was no evidence to satisfy them that the
deceased came to his death by his own hand, but that he came to his death by external injury
unknown to them.
Held, that the finding was too vague to be construed as a finding of accidental death, and
a new trial was directed.
(April 11, 1902.— Court of Appeal, Ontario ; Powlie v. The Ocean Accident and Guarantee
Corporation, 4 Ontario Law Reports (1902), p. 146.)
(fc.) Where, through error, and unknown to the insured, the beneficiary mentioned in the
application for insurance is not named in the policy, he is, nevertheless, entitled to the benefit
of the insurance ; Davis and Mills, JJ., dissenting.
Per Sedgewick, J. — The New Brunswick Act for securing to wives and children the benefits
of life insurance (55 V. c. 25) applies to accident insurance as well as to life. ^
Judgment of the Court below reversed.
(May 27, 1902. — Supreme Court of Canada, Cornwaill v. Halifax Banking Company, 22 Cana-
dian Law Times (1902), p. 360, 32 Supreme Court Reports, p. 442.)
(Z.) In an action on a policy on which was indorsed a condition that, in case any question
should arise, 'it is a condition of this policy which the assured by the acceptance thereof agrees
to abide by . . . every such difference shall be referred to the arbitration and decision of
a mutual person . . . and the decision of the arbitrator shall be final and binding 6n all
plarties, and shall be conclusive evidence of the amount payable . . . and it is hereby ex-
pressly stipulated and declared that the obtaining of an award by such arbitrator shall be a
condition precedent to the liability or obligation of the corporation to pay or satisfy any claim
under this policy,' etc. ' Provided, also, that compliance with the stipulations indorsed hereon
is a condition precedent to the right to recover on this policy,' etc.
Held, that no action lay, nor did the amount payable under the policy become due, until
the determination of the a.rbitrator to be appointed under the agreement to refer contained in
the condition ; that the plaintiff could not claim under the policy without assenting to its terms;
and that the condition was not in contravention of s. 80 of R.S.O. , c. 203.
(March 28, 1903. — Divisionail Court, Ontario, Nolan v. Ocean Accident and Guarantee Cor-
poration, 23 Canadian Law Times (1903), p. 187.)
4. FIRE INSURANCE, MORTGAGOR, PROOF OF LOSS, ADJUSTER, ABANDONMENT, INTERIM RECEIPT,
NOTICE OF CANCELLATION, ACTS OF OFFICERS, MUTUAL PLAN, DELIVERY OF RECEIPT,
WAIVER, LIABILITY OF AGENT, PRIOR INSURANCE, VALUE OF PROPERTY INSURED,
RENEWAL, VOID POLICY.
(w.) A policy of insurance against fire contained the following condition : ' If the assured
have or shall hereafter obtain any other policy or agreement for insurance, whether valid or
not, on the property above mentioned, or any part thereof, . . . this policy shall become
void, unless consent in writing by the company be endorsed hereon.'
Held, following Commercial Union Assce. Co. v. Temple, 29 S.C.R. 206, that where addi-
tional insurance was applied for, but not accepted until after the property insured was destroyed
by fire, the condition had no application. A mortgagor is the ' sole and unconditional owner '
of property within the meaning of a condition in a policy of Insurance against fire stipulating
that the policy shall become void if the assured is not the sole and unconditional owner of the
property Insured. The policy also contained a condition that It should become void if any
8— D|
Xl DEPARTMENT OF FINANCt:— INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
building intended to be insured stood on grounds not owned in fee simple by the assured. The
land upon which the buildings insured stood was subject to a mortgage.
Held, that the defence that the lands were not owned in fee simple by the assured mort-
gagor was not available under a pilea charging that the plaintiff had been guilty of misrepre-
sentation in the application for insurance, in that he stated that the property insured was not
mortgaged or otherwise encumbered, whereas, &c., it was mortgaged.
(June 15, 1900.— Supreme Court, New Brunswick, Temple v. Western Assce. Co., 35 New
Brunswick Reports, p. 171.)
(n.) A condition of a policy required that proof of loss ' shall be made by the assured.' The
son of the assured filled in and signed the statement of loss, under the general authority of a
notarial power of attorney.
Held, that this was a sufficient compliance with the condition of the policy. 2. Whei-e the
insurer retains the proof of loss, without objection as to its sufficiency, for more than sixty
days before action taken, the company wiill be considered to have waived the condition which
requires a delay of sixty days after filing claim before the institution of suit ; and the fact that
a blank in the statement was filled in, at the request of the company, within the period of sixty
days before suit, will not affect the right of action. 3. The condition which requires proof of
loss to be furnished within thirty days after the fire may be waived either expressly or implied ;
and the assured is held to be relieved from this condition if the presentation of the claim has
been delayed by the company's investigation of the loss, or if the representations of the com-
pany's authorized agents have le'd the assurer to understand that compliance with this condition
will not de required. 4. While adjusters of fire losses are not, as a general rule, agents of the
companies under an authority sufficient to make their statments binding upon the companies
for whom they act, yet an adjuster may become a duly authorized agent of the company by the
course of procedure in a particular case, e.g., where the adjuster was the only medium of com-
munication after the fire, between the company and the assured, and was engaged by the com-
pany to look over the proofs, advise as to settlement, &c.
(February 25, 1902.— Pharand v. Western Assurance Co., Quebec Reports, 11 King's Bench
p. 144.)
(0.) B., having a policy of insurance for $2,000 in the M. Co., wrote to D., a sub-agent of
the R. Co., that he was going to abandon that insurance, and iflsure in the R. Co., for about
$3,000. B, gave D. his note for $51 and paid him $25 in cash, and D. sent B. the usual interim
receipt of the R. Co., promising the subsequent issue of a policy, which was to be subject to
the conditions endorsed on the receipt. One of these provided that the policy should be void
if there was any prior insurance, unless the consent of the company were endorsed. D. dis-
counted the note, and in due course accounted to the R. Co. for the full amount of the premium.
The goods insured were destroyed by fire before the maturity of the note, which B. paid at
maturity. No formal application for the insurance was signed by B., but a policy was made
out before the fire and sent to D., who did not, however, deliver it to B. In actions brought
upon the two policies by the assignees of B.:
Held, that B's statement that he was going to abandon the insurance in the M. Co. was not
merely an expression of intention, but was a term or condition that affected the very existence
of the proposed insurance in the R. Co., which was not to become effective until that condition
was fulfilled, and, as B. never did so abandon, there never was any effective insurance on his
goods in the R. Co.; and therefore the M. Co. could net set up the conditional contract of in-
surance in the R. Co. as a breach of the statutory condition against a subsequent insurance.
(May 31, 1902.— King's Bench, Manitoba, Whitla r. Royal Insurance Co., and Whltla v.
Manitoba Assurance Company, 22 Canadian Law Times (1902) pp. 69, 72 and 266.)
(p.) The insured sent to the company his policy with an endorsed surrender clause executed,
and a letter asking that the insurance be terminated and the unearned proportion of the pre-
mium repaid. Owing to its misdirection by the insured the letter was delayed in the post office,
and did not reach the company till the morning after the insured goods had been destroyed
by fire.
Held, that the letter did not take effect from the time of its being posted, but only from
the time of its receipt ; and that the relationship of the parties had been so changed by the
occurrence of the fire before its receipt that the attempted surrender did not operate, and there-
fore that the company were liable for the loss.
(June 5, 1902. — Mr. Justice Lount, Skillings v. Royal Insurance Company, 4 Ontario Law
Reports (1902), p. 123.)
iq.) A fire insurance company cannot be presumed to have waived a condition precedent to
an action on a policy on account of unauthorized acts of its officers. v
(June 9, 1902. — Supreme Court of Canada, Hyde v. Le Faivre, 32 Reports Supreme Court of
Canada, p. 474.)
(r.) Two policies on the mutual plan, issued in 1898 and 1899, provided for insurances for
the original period of one year and ' during such further period or periods for which the assured
REPORT OF THE SUPERINTENDENT xli
SESSIONAL PAPER No. 8
shall from time to time liave paid in advance the renewal premium or premiums required by the
company, and for which the company shall have issued a renewal receipt or receipts.' The
policies were delivered to the plaintiffs, without prepayment of any cash premium, and without
the previous delivery of the premium notes in consideration of which the policies purported to
be issued ; but the cash was paid and the notes delivered soon afterwards.
On the 27th October, 1900, the executive officer of the defendants wrote to the plaintiffs,
inclosing a receipt for $363.23, being the amount of the cash premium for the renewal of both
policies. The letter was on a printed form, stating that a receipt ' renewing ' the policies was
inclosed, and asking the plaintiffs to remit the amount of the cash premium. It also asked for
a new premium notes, and stated that the old ones were inclosed, as they were. The plaintiffs
retained the receipts, but did not send the money or the notes until about the 20th December.
1900.
On the 28th October, 1901, the same officer again inclosed renewal receipts in a letter on the
same form as above, but the amount of the cash payment was higher, and on the 6th November,
1901, the plaintiffs wrote to the defendants calling attention to the increase; the officer answered
the next day that the defendants had been obliged to increase the rate ; and on the following
day the plaintiffs wrote as follows : ' If you cannot do better we will have to accept, but we
are going to ask you to reconsider the matter and meet us in this if at all possible . . .
Kindly give this your consideration, and let us hear from you.' On the 11th November the officer
wrote to the plaintiffs : ' The consulting board carefully considered your risk before making
the advance in rate they did, and had no alternative but to do so to procure the re-insurance
we required. Trusting this explanation will prove satisfactory to you.' No answer was made
by the plaintiffs to this.
On the 16th November, 1901, a fire took place, and damage was done to the property covered
by the defendants policies. Two days afterwards the plaintiffs sent the defendants a cheque
for the amount of cash demanded and new premium notes, but the defendants returned them.
The defendants re-insured their risk as soon as the premiums became payable, and had not
cancelled these re-insurances down to the time of the trial.
Held, that no contract existed between the plaintiffs and defendants for an insurance for the
year beginning on the 31st October, 1901.
Semble, that if the plaintiffs had unqualifiedly accepted the renewail terms, the condition
providing for payment in advance of the cash premium would have been waived ; for the inten-
tion of the defendants in delivering the receipt, where the money had not in fact been paid, was
to keep the policy in force and to give the plaintiffs credit for the amount.
(June 27, 1902. — ^Mr. Justice Street, Doherty v. Millers and Manufacturers Ins. Co., 4 Ontario
Law Reports (1902), p. 303.)
(s.) An insurance agent who, in consideration of his being given the right of effecting
insurance against fire in companies represented by him, undertakes to attend to the insurances,
to see that the policies are duly made out, and to give the necessary notices required to be
given from time to time, but upon a further insurance being subsequently effected through hira,
omits to give any notice thereof, whereby the insured were damnified, is liable for the damages
sustained by reason of his omission.
(August 15, 1902.— Mr. Justice Lount, Baxter v. Jones, 4 Ontario Law Reports (1902), p. 541.)
it.) In an application for insurance, particulars of prior insurance in two other companies
of $4,000 in each company were given, but in the policy in question prior insurance of only $4,000
was assented to, neither company being named. The defendant pleaded as a breach of the sta-
tutory condition non-disclosure of prior insurance for $4,000 in one of the two companies.
Held, that the plea must be read strictly and without amendment, and that so read the assent
in the policy to insurance of $4,000 might be treated as an assent to the prior insurance com-
plained of in the plea ; and semble, that had the defendants not intended to assent to the prior
insurance of $8,000 they would have been bound under the second statutory condition to point
out in writing the particulars wherein the policy differed from the application.
Held, also, that to a subsequent insurance for $4,000 in another company in substitution for
a prior insurance to that amount in one of the two companies mentioned in the application, the
assent of the defendants was not necessary.
Assent, express or implied, to subsequent insurance is sufficient, even if given after the
Joss has occurred. In this case such assent was heild to be sufficiently shown by the defendants
joining in the adjustment of the loss and allowing the insured to accept from the subsequent
insurers their pro.portion of the loss as so adjusted.
(October 9, 1902. — Court of Appeal, Ontario ; Mutchmor v. Waterloo Mutual Fire Insurance
Company, 22 Canadian Law Times (1902), p. 406 ; 4 Ontario Law Reports (1902), p. 606.)
(w.) One of the conditions of a fire insurance policy issued by the defendant company pro-
vided that notwithstanding anything in the contract the question of materiality as to any repre-
sentation in the application should be a question for the Court.
Held, 1. The Court were precluded by this condition from holding statements contained in
the application to be ' warranties ' in the strict sense that they must be absolutely true, or
absolutely complied with. Such statements were mere representations which, if xmtrue, must
be material in order to avoid the contract.
2. If there was anything in the contract which placed these statements in a different category
from ordinary representations it was contrary to the statutory conditions and inoperative, the
Xlii DEPARTMENT OF FINANCE— INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
4th section of the Act, R.S.N.S. (1900), c. 147, with respect to the variation of conditions by the
insurer, not having been complied with.
3. The intention of the statute could not be defeated by putting different stipulations,
generally known as conditions, in the body of the contract itself.
One of the substituted conditions provided that ' in the event of disagreement as to the
amount of the loss, the same shall be ascertained in the manner following.' Then followed
a provision for the appointment of arbitrators to estimate the loss, stating separately sound
value, damage, etc.
Held, 1. The arbitrators appointed under this provision exceeded their duty in attempting
to fix the value of the property at the time the insurance was effected, the words ' value of the
property insured,' meaning the value at the time of the fire and not the value at the time the
insurance was effected.
2. With respect to the question of value, that the onus was upon the company, relying upon
overvaluation, to prove it.
3. One of the questions asked in connection with the application for insurance was :— ' 5.
State fully applicant's interest in the property, whether owner, trustee, etc' This was answered
' owner.'
This answer was correct, the evidence showing that the plaintiffs were husband and wife^
and that one part of the property insured was owned by the husband and the remainder by the
husband and wife jointly.
If particulars of title were required a different question would be required, and should have
been asked. The 11th and 12th questions were intended to elicit information as to whether ;he
applicants had ever had any property destroyed by fire, and, if so, the date of the fire, and, if
insured, the name of the company interested. The applicants replied in the affirmative to ihe
first question, and in reply to the second question said : ' 1892, National, and London and Lan-
cashire.'
These questions were correctly answered, the evidence showing that the applicants had a
house destroyed by fire in June, 1892, and a barn in September of the same year, and that the
company last named were the insurers of the house and barn, and the company first named the
insurers of the furniture in the house.
The questions were not material to the risk, and that if further information was desired
more definitite inquiries should have been made.
Defendants claimed that plaintiffs, in their proofs of loss, falsely stated the value of the
property insured, and that this, under the statutory conditions, was a false and fraudulent
statement which vitiated the claim.
Held, 1. The words of the condition meant a statement false to the knowledge of the person
making it, and not a statement of the value in excess of that fixed by the arbitrators, this being
a matter in respect to which there was room for diversity of opinion.
2. As soon as plaintiffs proved the poilicy, the fire and the submission and award, their case
was complete, and the onus then rested upon defendants.
3. Evidence of one of the plaintiffs as to the amount of damage sustained was immaterial.
4. The action was one in which the plaintiffs were entitled to sue jointly and recover, not-
withstanding the fact that they had separate interests in the property covered by the insurance.
(January 17, 1903.— Supreme Court, Nova Scotia ; Harrison v. Western Assurance Company,
39 Canada Law Journal (1903), p. 211.)
(v.) By Ontario Insurance Act, s. 167, a mercantile risk can only be insured for one year, and
may be renewed by a renewal receipt instead of a new policy.
Eeld, reversing the judgment of the Court of Appeal (3 Ont. L.R. 127) and restoring that
at the trial (32 O.R. 369) Girouard, J., contra, that the renewal is not a new contract of insur-
ance. Therefore, where the original poilicy was void for non-disclosure of prior insurance the
renewal was likewise a nullity though the prior insurance had ceased to exist in the interval.
Held, per Girouard, J., that the renewal was a new contract, which was avoided by non-
disclosure of the concealment in the application for the original policy.
The mortgage clause attached to a policy of insurance against fire, which provided that
' the insurance as to the interest only of the mortgagees therein shall not be invalidated by any
act or neglect of the mortgagor or owner of the property insured, etc.,' applies only to acts
of the mortgagor after the policy comes into operation, and cannot be invoked as against the
concealment of material facts by the mortgagor in his application for the policy.
Quwre. Would the mortgage clause entitle the mortgagee to bring an action in his own name
alone on the po;licy ?
(February 17, 1903. — Supreme Court of Canada ; Liverpool and London and Globe Insurance
Company v. Agricultural Savings and Loan Company, 39 Canada Law Journal (1903), p. 242 ; 33
Reports Supreme Court of Canada, p. 94.)
5. Mutual insurance^ assessment of premium notes, cancellation of policy by
request of insured, presumption of continuance of policy after first year.
(tc.) This action was brought in a County Court by a company incorporated under ' The
Manitoba Hail Insurance Act,' R.S.M. c. 106, to recover the amount of an assessment claimed
to have been made upon the defendant as a member of the company. Defendant'^ application
was for insurance against loss to crops by hail for five years from 9th June, 1899, and embodied
an undertaking to pay an annual assessment, not to exceed five per cent, and to be governed by
REPORT OF THE SUPERINTENDENT xliii
SESSIONAL PAPER No. 8
the letters patent and by-laws of the company. A policy of insurance was issued to the defen-
dant on the application, but it was lost, and its contents were not proved, except that it
contained some provision for its cancellation at any time between October 1st and April 1st.
One of the terms of the application was that the insurance might be cancelled in any year
after the first, between October 1st and May 1st, by returning the policy to the company and
paying what should then be due on it, if anything. The time of the issue of the policy, and the
terms of the by-laws in force when it was issued did not appear.
In April, 1900, defendant wrote that he wished to withdraw from membership in the com-
pany, but the secretary replied that, as defendant had not returned the policy to the office, it
would be impossible to cancel it.
The assessment sued on was made under a resolution of the directors passed in October,
1900, and was for the year ending 21st March, 1901,
The County Court judge was of opinion that the loss 'of the policy having rendered it im-
possible for defendant to surrender it, he was excused from performance of that condition, and
entered a verdict for defendant on the ground that he had ceased to be a member of the com-
pany.
The plaintiff appealed to the Court of King's Bench.
Held, 1. The defendant was not entitled to withdraw from membership in the company with-
out returning the policy, although it had been lost, for the happening of a circumstance render-
ing performance of a condition impossible does not entitle the party who was to perform it
to have the agreement carried out by the other party : Cookewitt v. Fletcher, 1 H. & N. 893 ;
Cutter V. Powell, 6 T.R. 320. But
2. The action should have failed for want of proof of the terms of the policy. According to
defendant's evidence, it differed in some respects from the application, and it could not be
assumed that its terms agreed with the application in other respects. It depended upon those
terms whether defendant wa.s a member of the company when the assessment sued on was made,
and it was for the plaintiff to show the period of the insurance and other terms of the policy
that the Court might decide whether defendant was still a member liable to assessment or not.
(July 12, 1902. — Chief Justice Killam, Manitoba Farmers' Mutual Hail Insurance Co. v.
Fisher, 38 Canadian Law Journal (1902), p. 603.)
6. Principal and surety, discharge of surety, non-disclosure of wrongful acts.
{x.) The defendants, F. W. B, and J. A, K., were sureties on a bond given to the plaintiff
Association by the defendant B. for the faithful discharge of his duties as an agent of the Asso-
ciation Among such duties was the remittance at least once in each month of all moneys or
securities collected for or on account of the Association, such remittances to be made by bank
draft, marked cheque, post office order, or by express.
The evidence showed that B. remitted moneys by his own personal cheques, instead of as
directed, and on a number of occasions asked to have such cheques held over for a few days in
order to enable him to provide funds to meet them.
Held, 1. These and other acts of disobedience under the terms of the agreement would have
justified the dismissal of B. That it was the duty of the Association to have notified the sureties
of his derelictions of duty, and that having failed to do so, and having continued him in their
employ with knowledge that he was violating his instructions, they could not recover against
the sureties for the default of B.
2. Findings of the jury negativating knowledge on the part of the Association of the Irregu-
larities of B. being against the weight of evidence must be set aside with costs, and a new trial
ordered.
(February 22, 1902. — Nova Scotia Supreme Court, Confederation Life Association v. Brown,
38 Canada Law Journal (1902), p. 384.)
7. Constitutional law, powers of dominion parliament, r.s.c, c. 127, s. 7, interest,
MORTGAGE, REDEMPTION, BRITISH IJ^eURANCE COMPANY LENDING MONEY IN CANADA, CON'-
TRACT, application of law of CANADA, TENDER OF MORTGAGE MONEY AGENTS IN CANADA,
BILL OF EXCHANGE.
(y.) In an action to compel the defendants, mortgag<>es in Great Britain, to accept the prin-
cipal money and interest due on a ten-year mortgage, whi^h had run for six and one-half years,
under the provision of R.S.C, c. 127, s. 7, in which it was contended that that section was ultra
vires of the Dominion Parliament, and that the tender was noi made to the proper agents :—
Held, that the section was intra vires of the Dominion Parllamont, and it was not restricted
in its application to such mortgages as are mentioned in s. 3 of the Act, but apolies to every
mortgage on real estate executed after the 1st July, 1880, where the money secured ' is nut binder
the terms of the mortgage payable till a time more than five years after the date of the
mortgage.'
Held, also, that the words of s. 25 of R.S.O. 1897, c. 205, are wide enough to apply to mort-
gages executed prior to the passing of that Act.
Held, also, that defendants' Imperial Act of Incorporation gave them the right to lend
money in Canada in the same way as an individual could do, but gave them no higher or other
rights.
Xliv DEPARTMENT OF FINANCE-INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
Held, also, that the loan being made, the property situated, and the mortgage giving the
option of payment, in Canada, the law of Canada must govern in relation to the contract and
its incidents.
Held, also, that the agency of the persons to whom the tender was made was established,
and that the tender of a biill of exchange was sufficient under the terms of the mortgage. And
judgment was given that no further interest should be chargeable, payable, or recoverable.
(March 23, 1903. — Mr. Justice Britton, Bradburn v. Edinburgh Life Assurance Company, 23
Canadian Law Times (1903), p. 199.)
8. Unregistered insurance business, right of insurance company to sell blank
policies payable to bearer, wagering and illegal contracts.
(2'.) The plaintiffs organized a system ostensibly for the insurance of persons in case of acci-
'dent or death. They took from merchants a contract, agreeing to purchase from the system
certain so-called policies, as per specimen, on certain conditions, at $60 per thousand, and to
accept the same when forwarded, to be issued within a period of one year. The plaintiffs under
the so-cailled policy were not bound to do anything, for underneath their name and address as
printed on the document is the following undertaking of an incorporated insurance company : —
* The Ontario Accident and Insurance Company wiM pay $500 to the legal representatives of
the holder, or compensation at the rate of $5 per week, in accordance with and subject to certain
conditions printed on the back hereof. Signature of holder Witness '
The defandants as holders signed one of these undertakings, but it was delivered to them
as an escrow, conditioned only to have force if certain other traders adopted the same system,
which was that for every $3 worth of goods purchased for cash by a customer one of these
so-called policies was to be given to the purchaser, guaranteeing the payment of $500 to his
or her legal representatives whose death should, independently of all other causes, directly result
from an accident caused by external vioilence and accidental means occurring within fourteen
days from the date of the instrument, or of $5 per week to such person whilst totally disabled
for a period not exceeding ten weeks.
That there was no such insurance system registered in the Insurance Inspector's returns
or authorized by law.
Held, 1. The plaintiffs are not a company authorized to issue currency payable to bearer.
They only profess to be a medium for circulating and wagering in the name of an incorporated
insurance company, an illegal traffic in the sale of so-called life and accident assurance policies.
It is in the nature of a gambling arrangement for the performance of an illegal act. It is there-
fore void. Any insurance in the nature of a wager is illegal, and sanctioning claim of the
plaintiff would be to sanction an illegal device.
2. The plaintiffs promised nothing for the $60 per $1,000, and the Ontario Accident Insurance
Company are not parties to the contract, and no consideration passed between tH^em and the
holder, and there was no mutuality of contract. The whole transaction was illegal and could
have no force or effect.
3, The Ontario Accident Insurance Company, although a duly registered corporation for
the transaction of insurance against accident or sickness, has no right to sub-let or delegate
its franchise to any other corporation or person, much less to an inanimate aggregation with-
out personal responsible existence.
(January 23, 1903. — His Honour Judge Hughes, County El^n, Canadian Free Insurance
System v. Mayell & Son, 39 Canada Law Journal (1903), p. 209.)
LEGISLATION.
1. DOMINION LEGISLATION.
The following Acts relating to Insurance Companies have been passed by the Parliament of
Canada at the Session of 1903, 3 Edward VII : —
(1) An Act respecting the United Empire l^ife Insurance Company. This company was in-
corporated in 1901, and the time allowed by the Insurance Act within which to procure a license
having expired, said time is by this Act extended for one year from the passing thereof. The
Act also provides for a change in the company's name by an application to the Governor in
Council.
(2) An AcL to incorporate The Lumberman's Fire Insurance Company, This Act contains the
oraiuary provisions of a fire insurance company's charter. The head office is to be in the City
of Toronto.
(3) An Act respecting the Mutual Life Assurance Company of Canada. This Act changes
the date for holding the Company's annual meeting, and defines the powers of the directors.
REPORT OF THE SUPERINTENDENT xlv
SESSIONAL PAPER No. 8
(4) An Act to incorporate the Richmond and Drummond Fire Insurance Company. This
Act is similar to that incorporating the Lumberman's Fire Insurance Company above mentioned.
The head office ia to be in the town of Richmond, in the province of Quebec.
(5) An Act to incorporate the i^mpire Accident and Surety Company. This Act confers upon
the company power to transact accident, sickness and guarantee insurance as defined in the
Insurance Act. The head office is to be in the city of London, Ontario.
(6) An Act respecting the Dominion Burglary Guarantee Company, Limited, and to change
Its name to the Dominion Guarantee Company, Limited. As its title indicates, this Act changes
the company's name. It also grants it power to carry on the business of guaranteeing titles
to real property, &c.
(7) An Act respecting the Mutual Fire Insurance Company of the city of Montreal, and
to change its name to the Montreal-Canada Fire Insurance Company. This company was incor-
porated by and under the authority of the statutes of the province of Quebec, and carried on
its business within that province. This present Act declares the company, constituted as afore-
said, to be a body corporate within the legislative authority of the Dominion Panliament, and
authorizes it, upon compliance with the requirements of the Insurance Act and of this Act, to
carry on business throughout the Dominion.
(8) An Act respecting the Canadian Order of the Woodmen of the World. This Act auth-
■orizes the Order to establish a fund for the payment of sick and funeral benefits, provides for
the investment of its funds and contains provisions necessary to effect the objects intended.
(9) An Act respecting the Century Life Insurance Company. This Act is similar to that
respecting the United Empire Life Insurance Company, above mentioned, and extends for a
year from the passing thereof, the time allowed to procure a license under the Insurance Act.
2. ONTARIO LEGISLATION.
Statutes of 1903, chapter
An Act to amend the Ontario Insurance Act
Assented to June 12, 1903.
His Majesty by and with the advise and consent of the Legislative Assembly of the Pro-
vince of Ontario enacts as follows : —
******* *
3. Section 80 of the Ontario Insurance Act is amended by adding thereto subsection 2 as
follows : —
(2) Any person now being, or hereafter becoming, entitled as beneficiary, or by assignment
or other derivative title, to money payable under a contract of insurance, and possessing at the
time of action brought the right either at law or in equity to receive, and the right to give an
effectual discharge to the insurer liable under such contract for, such money, shall be at
liberty to sue for the same in his own name.
4. Section 146 of the Ontario Insurance Act is amended by adding thereto subsection 4 as
follows : —
(4) Where the person (including corporation) entitled to receive money due and payable
under any contract of insurance within the meaning of this Act is domiciled, or is resident, in a
foreign jurisdiction, and payment, valid according to the law of such jurisdiction, is made to
such person, such payment shall be valid and effectual for all purposes whatsoever whether the
person receiving and entitled to receive such money received the same in his own right or
received the money as the agent, representative, trustee, guardian, curator, tutor or committee
of another.
5. Subsection 2 of section 148 of the Ontario Insurance Act, as amended by 1 Edward VII,
chapter 21, section 2 (3), is hereby further amended by adding at the end these words :
Except that, in cases where death is presumed from the assured not being heard of for the
period of seven years, any action or proceeding may be commence<i within one year and six
months from the expiration of such period.
The subsection, as amended, is as follows : —
' (^) Notwitlistandin(j any dipxdation or a'jreement to the contrary, any action or proceeding against the
insurer for the recovery of any claim under or by virtue of a contract of insurance of the person may be com-
menced at am/ time loilhin the term of one year after the happening of the event insured against or within the
further term of six months, by leave of a judge of the High Court, or the Masters in Chambers, upon its being
shown to his satisfaction that there was a reasonable excuse for not commencing the action or proceeding within
the first mentioned term ; provided that no such action, or proceeding shall be commenced after Uie expiration
Xlvi " DEPARTMENT OF FINANCE— INSURANCE BRANCH
2-3 EDWARD Vli., A. 1903
of the said year and six months except (hat in cases where death is presumed from the assured not being heard
of for the period of seven years, any action or proceeding may he comvienced within a year and six months
from the expiration of such period.'
6. Subsection 6 of section 151 of the Ontario Insurance Act, as amended by 1 Edward VII.,
chapter 21, section 2 (7), is amended by striking out the word ' infant' wherever it occurs In
the said subsection.
The subsection^ as amended, is as follows : —
' (6) If one or more of the beneficiaries die in the lifetime of the assured and no apportionment or other
disposition is subsequently made by the assured, the insurance shall be for the benefit of the surviving bene-
iiciary or beneficiaries in equal shares if more than one ; and if all the beneficiaries die in the lifetime of the
assured the insurance shall be for the benefit in equal shares of the surviving children of the assured, and if no-
surviving children, then the benefit of the contract and the insurance money shall form part of the estate of the
assured. '
7. Subsection 8 of section 159 of the Ontario Insurance Act is repealed and the following
is substituted in lieu thereof : —
(8) If one, or more, or all, of the preferred beneficiaries in whose favour the apportionment
has been made, die in the lifetime of the assured, the assured may, by an instrument in writing
attached to or endorsed on or referring to and identifying the policy of insurance by number
or otherwise, declare that the share or shares formerly apportioned to the person or persons
so dying shall be for the benefit of any person or persons named or ascertained by him in that
behalf, whether or not the person or persons so named or ascertained beilong to the preferred
class of beneficiaries ; and, in default of any such declaration, the share or shares of the per-
son or persons so dying shall be for the benefit of the survivor (or survivors, in equal shares),
of the preferred beneficiaries in whose favour the apportionment was made ; or if there is no
such survivor, and there are no surviving children of the assured, the insurance money shall
form part of the estate of the assured.
3. QUEBEC LEGISLATION.
Statutes of 1898, chapter 41.
An Act to amend the laic respecting Life Insurance ly Husbands and Parents.
[Assented to January 15, 1898.]
Her Majesty by and with the advice and consent of the Legislature of Quebec, enacts as
follows : —
1. Article 5604 of the Revised Statutes is amended :
(1) By repealing the words ' and shall also be unassignable by either of such parties,' in the
third and fourth lines ;
(2) By adding the following clause :— ' The insured and the parties benefited may join in
assigning any such policy.'
The article as amended is as follows : —
•5604. Policies effected or appropriated under this section are exempt from attachment. for
debts due either by the insured or by the persons benefited.
' The insurance money, while in the hands of the company, shall be free from and be un-
attachable for the debts either of the insured or of the persons benefited, and shall be paid
according to the terms of such policies, or of any declaration of appropriation, or of any revo-
cation relating to the same.
' Such exemption shall not apply to any policy or to part thereof, which may have reverted
to and be held by the insured.
' The insured and the parties benefited may join in assigning any such policy.'
4. MANITOBA LEGISLATION.
Statutes of 1902, chapter 20.
An Act to amend ' The Manitoba Insurance Act.*
[Assented to February 19, 1902. J
His Majesty by and with the advice and consent of the Legislative Assembly of the Province
of Manitoba enacts as follows : —
1. Section 41 of chapter 13 of 57 Victoria, being * The Manitoba Insurance Act,' is hereby
repealed.
2. This Act shall come into force on the day it is assented to.
The repealed section is as follows : —
' 41. Every company licensed to do business by the Dominion shall annually file with the
Treasurer on the 1st day of January or within three months thereafter, a certified copy of its
annual statement furnished by the Insurance Branch of the Department of Finance at Ottawa.*
REPORT OF THE SUPERINTENDENT xlvii
SESSIONAL PAPER No. 8
STATEMENTS CONCEENING INSOLVENT COMPANIES IN THE HANDS
OF LIQUID ATOES.
1. THE COLONIAL MUTUAL LIFE ASSOCIATION.
The liquidators, under date 1st June, 1903, state that there is no variation from last year's
report, from which it appeared that a small sum of $271.85 remained in suspense. The liquida-
tors further state that they will prepare a final dividend sheet to distribute the balance
remaining.
2. THE COVENANT MUTUAL LIFE ASSOCIATION OF ILLINOIS.
From a report made by Neil McLean, Esquire, oflScial referee of the High Court of Justice
for Ontario, dated November 24, 1902, it appears that after providing for the payment in full
of all claims against the association and of all costs, charges and expenses relating thereto,
including the liquidator's remuneration and the costs of the winding-up proceedings, there
remained in the hands of the liquidator the sum of $590.84, which sum with interest thereon
amounting to $7,62 was subsequently, pursuant to the provisions of the Winding-up Act, paid
by the said liquidator into the head ofllce of the Trader's Bank, and by an order of the said
court, dated 16th March, 1903, said liquidator was released and discharged from his office as
liquidator.
3. THE VICTORIA-MONTREAL FIRE INSURANCE COMPANY.
Under date 12th June, 1903, the liquidator furnishes the following abstract of the affairs of
the company as at May 31, 1903 : —
ASSETS.
Cash on hand and in bank $33,494 27
Bills receivable, considered good 72 88
Shareholders, balanses considered good 63,909 89
Total assets considered good $97,477 04
Assets considered doubtful or bad —
Shareholders, balances due on shares $321,653 00
Bills receivable 20,000 00
Thos. A. Temple & Sons 37,687 52
Agencies and brokers' balances 35,768 04
415,108 56
$512,585 60
LIABILITIES.
Return premiums unclaimed •.. ..$ 98 10
Claims, notice received but not yet admitted 49,862 90
Total liabilities $ 49,961 00
RECEIPTS.
Cash on hand June 1, 1902 $ 5,909 15
Payments by shareholders 23,298 29
Interest from bank, &c 3,555 91
Re-insurance on account of losses paid 1,906 19
Proceeds of sale of New Brunswick bonds 45,179 61
E. L. Temple on account 7,358 94
Sundries 133 52
$87,341 61
EXPENDITURE.
Losses and legal expenses $20,374 78
Office expenses, advertising, travelling, inspector's travelling expenses, &c. 1,491 79
Legal expenses, contributories, &c.. 727 87
Legal expenses incurred in cases instituted prior to liquidation 1,572 11
Liquidator's fees on account 2,400 00
Return premiums paid 12,983 14
Interest on claims 2,287 53
Sundry claims other than losses 12,010 12
53,847 34
Balance on hand and in bank. May 31, 1903 $33,494 27
I have the honour to be, sir.
Your obedient servant,
W. FITZGERALD,
Superintendent of Insurance.
2-3 EDWARD VII. SESSIONAL PAPER No. 8 A. 1903
A.BSTRA.OT
OF STATEMENTS MADE BY COMPANIES LICENSED TO DO BUSINESS
OF FIRE OR INLAND MARINE INSURANCE IN CANADA
FOR THE YEAR 1902, IN ACCORDANCE
WITH THE INSURANCE ACT.
GENERAL TABLES
ASSETS OF ALL COMPANIES, FIRE AND MARINE.
LIABILITIES OF ALL COMPANIES, FIRE AND MARINE.
INCOME AND EXPENDITURE OF ALL COMPANIES, FIRE AND MARINE.
PERCENTAGE OF LOSSES TO PREMIUMS, &c., &c.
DEPARTMENT OF FINANCE— INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
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Ixiv DEPARTMENT OF FINANCE -INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
Summary of Fire Insurance in Canada for the Years 1869 to 1902, inclusive.
•
Year.
Net
Cash Premiums
Received.
Amount of
Policies taken
during
each Year.
Amount
at Risk at Date
of
Statement.
Losses paid.
Canadian CosirANiEs.
1869
1870
1871
1872
1873
1874
1875
1876
1877
501,362
536,600
707,418
796,847
842,896
1,453,781
1,646,654
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
40,008,565
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
114,543,806
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
130,509,195
154,851,897
170,894,095
215,145,909.
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
153,436,408
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
154,231,897
159,927,706
169,792,8.59
190,577,768
221,756,637
246,042,580
276,116
453,414
414,339
510,469
487,649
662,470
1,082,206
1,599,048
2,186,162
1878
828,069
1879
1880
1881
1882
1883
1884
1885.
687,353
701,039
1,336,758
733,843
760,430
762,737
■ 597,189
1886
1887
1888
739,364
764,321
750,448
1889
1890
678,752
736,095
1891
940,734
1892
792,219
1893
1894
797,149
801,871
1895
1896
1897
1898
1899
1900
1901
1902. ..:
807,003
713,566
718,891
587,705
637,101
1,013,087
1,009,899
865,214
Totals
4,206,044,278
27,433,310
British Companies.
1869
1870
1871
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
3,42g;oi2
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
120,747,515
131,570,928
148,147,966
174,361,395
172,531,126
177,346,240
166,953,268
178,725,453
206,713,932
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
403,297,656
427,931,692
411,748,053
466,900,791
458,254,364
435,237,770
436,765,579
115,222,003
120,903,017
132,731,241
145,700:486
147,602,019
155,088,455
1.54,835,931
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
424,314,264
434,941,955
468,379,580
474,884,419
497,550,395
549,223,123
.563,044,318
567,948,304
575,683,150
579,416
1,024,362
922,400
1872
1873
1874
1875
1876
1,136,167
967,316
1120,106
1,299,612
1,168,858
1877
1878
1879
1880
1881
1882.
5,718,305
880,571
1,275,540
855,423
1,669,405
1,768,444
1883
1884
1,992,671
2,290,588
1885
1,895,175
1886
1887.....
1888
2,338,164
2,335,034
2,094,465
1889
1,968,537
1890
1891
2,229,556
2,553,162
1892
2,878,149
1893
1894
3,496,112
3,094,861
1895
3,402,337
ABSTRACT OF STATEMENTS Ixv
SESSIONAL PAPER No. 8
Summary of Fire Insurance in Canada for the Years 1869 to 1902, inclusive Con.
Year.
British Companies— Con.
1896.
1897.
1898.
1899.
1900.
1901.
1902.
Totals.
American Companies.
1869.
1870.
1871.
1872.
1873.
1874.
1875,
1876.
1877.
1878.
1879.
1880.
1881.
1882.
1888.
1884.
1885.
1886.
1887.
1888.
1889.
1890.
1891.
1892.
1893.
1894.
1895. ,
1896.
1897.
1899.
1900.
1901.
1902.
Net
Cash Premiums
Received.
Totals.
5,006,047
5,165,202
5.223,345
.5,652,228
5,846.020
6,59,5,447
6,946,919
Amount of
Policies taken
during
each Year.
459,959,398
470,466,620
481,404,453
524,980,343
540,448,980
542,142,232
556,692,825
117,207,683 I 11,485,643,861
165,166*
194,781
314,452
332,243
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
1,004,812
1,032,602
1,000,328
1,041,966
1,007,948
971,243
1,004,859
1,074,-525
1,187,177
1,327,491
1,574,372
19,804,726
9,702,356*
12,893,827
27,367,712*
26,526,334*
26,788,850
25,243,769
17,357,605
23,914,181
21,013,457
19,432,178
22,920,397
25,434,766
30,040,366
32,454,518
40,284,814
40,777,215
37,623,116
42,099,984
45,859,509
44,881,343
46,518,461
57,646,959
75,726,695
107,708,732
105,564,192
■ 96,789,493
100,305,776
94,949,822
85,963,431
88,750,015
100,767,561
108,127,777
108,486,527
120,211,152
Amount
at Risk at Date
of
Statement.
591,656,008
611,840,429
629,768,638
654,890,000
681,751,373
694,491,228
695,220,761
1,870,132,890
Losses paid.
2,845,994
3,334,667
3,557,122
3,867,212
5,515,231
4,889,192
2,724,487
13,796,890*
11,167,928*
27,256,629*
33,818,670
40,120,629
25,050,427
19,300,555
18,888,750
18,293.315
35,766,238
40,267,995
27,414,113
31,053,261
34,772,345
41,720,296
44,097,646
46,830,075
50,921,537
56,287,171
56,722,420
57,275,186
67,103,440
84,266,437
123,629,818
124,028,459
117,876,931
118,491,852
112,666,482
102,449,891
10.5,697,763
112,186,809
120,003,219
122,439,754
133,999,827
79,688,641
172,188
147,061
212,400
263,339
227,219
143,583
181,713
99,389
586,452
114,034
182,305
109,516
163,661
162,699
167,127
191,998
186,923
223,860
304,159
228,909
228,922
300,916
411,801
706,902
759,429
692,631
784,410
613,941
648,275
639,660
677,725
1,245,975
875,865
562,588
13,217,635
TOTALS FOR ALL YEARS FROM 1869 TO 1902, INCLUSIVE.
OaBadian Companies
40,008,565
117,207,683
19,804,726
4,206,044,278
11,485,643,861
1,870,132,890
27,433,310
British ..
American m
79,688,641
13,217,636
Grand totals.
177,020,974
17,561,821,029
^
120,339,586
* 'J'hese returns are imperfect.
Ixvi
DEPARTMENT OF FINANCE— INSURANCE BRANCH
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Izxii
DEPARTMENT OF FINANCE-INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
Table III. — Showing the Assets in Canada of British and American
BRITISH COMPANIES—
Companies.
Alliance
Atlas
Caledonian
Commercial Union,
Guardian .
Imperial .
Lancashire
Law Union and Crown
Liverpool and London and Globe .
London and Lancashire Fire
London Assurance
Manchester .
National, of Ireland
North British
Northern
Norwich Union
Phoenix, of London .
Royal.
Scottish Union and National
Sun Insurance Office
Union Assurance Society
Totals.
Commenced
Business in Canada.
March 1, 1892.
„ 7, 1887.
February, 1883
September 11, 1863.
May 1, 1869.
1864
July, 1864 ....
April, 1899 . . .
June 4, 1851 . .
April, 1880....
March 1, 1862.
May 20, 1890 .
April 2, 1883..
1862
1867
April 1, 1880..
1804.
1851
February, 1882. .
June 3, 1892....
November, 1890.
Real Estate.
Loans
on
Real Estate.
$ cts.
377,178 17
None.
None.
None.
258,000 00
None.
None.
196,503 55
250,000 00
None.
None.
None.
None.
80,000 00
None.
None.
None.
465,000 00
None.
25,000 03
None.
1,651,681 72
% cts.
None.
None.
None.
None.
None.
None.
None.
834,514 12
1,296,150 00
None.
None.
None.
None.
2,165,347 79
None.
None.
None.
423,000 00
None.
None.
4,719,011 91
Stocks, Bonds
and
Debentures.
$ cts.
213,809 00
183,668 00
206,400 20
337,128 00
520,866 65
243,674 00
99,488 13
187,625 00
2,021,385 22
245,187 03
170,340 00
176,361 33
t71,652 00
2,793,-315 84
244,262 00
296,000 00
423,161 10
833,187 93
242,720 00
253,657 75
265,354 50
10,129,243 08
AMERICAN
^tna. .... .
Connecticut Fire
Hartford
1821
1886
November, 1836
1902
1889
None.
None.
None.
None.
None.
None.
145,964 72
100,000 00
167,838 12
135,000 00
144,320 00
Home Fire
Insurance Co. of North America
None.
None.
None.
None.
None.
Phenix, of Brooklyn. , ,
May 1, 1874.
108,000 00
211,627 00
301,521 39
Phoenix, of Hartford
„ 20,1890
None. None.
Queen, of America
November 2, 1891
None.
None.
Totals
None.
None.
1,314,271 23
ABSTRACT OF STATEMENTS Ixxiii
SESSIONAL PAPER No. 8
Companies doing business of Fire or Inland Marine Insurance in Canada.
ASSETS IN CANADA— 1902.
Loans
on
Collaterals.
Agents'
Balances and
Bills
Receivable.
Cash on
hand and in
Banks.
Interest
Due
and Accrued
Other Assets
Total
Assets in
Canada.
Nature of Business.
$ cts.
$ cts.
$ cts.
$ cts.
% cts.
$ cts.
None.
None.
20,412 17
25,815 01
18,648 37
33,447 18
None.
None.
851 65
5,250 00
630,899 36
248,180 19
Fire.
None.
2,000 00
18,031 57
37,137 54
61,494 47
28,691 70
None.
None.
6,000 00
6,300 00
291,926 24
411,257 24
„
None.
None.
68,461 35
6,540 94
42,155 72
7,537 19
2,085 96
None.
250 00
1,252 50
891,819 68
259,010 63
None.
None.
6,449 35
None.
None.
None.
979 57
33,831 81
22,774 04
13,646 87
269 88
78,010 91
97,547 81
18,176 91
4,517 64
None.
30,436 90
18,726 51
None.
None.
None.
3,462 87
2,500 00
850 00
None.
99,758 01
1,331,532 92
3,726,590 70
286,987 98
188,504 5]
II
II and Life.
II
II and Life.
None.
16,249 42
16,107 61
None.
3,500 00
212,218 36
..
None.
87,600 00
None.
None.
25,031 99
48,520 81
27,007 35
28,302 50
12,816 78
84,549 52
9,814 38
84,340 82
917 74
62,703 92
None.
None.
5,250 00
2,500 00
6,500 00
5,000 00
215,668 51
5,324,537 88
287,583 73
413,643 32
II and Life.
None.
17,072 67
13,394 94
4,308 40
None.
457,937 11
..
31,851 97
60,048 94
60,638 73
None.
15,382 73
1,466,110 30
II and Life.
None.
None.
None.
18,424 29
24,944 98
22,696 02
70,557 68
31,932 32
45,745 93
1,932 08
None.
844 67
None.
6,328 74
4,013 54
756,634 05
341,863 79
338,654 66
II
127,901 32
535,935 84
820,396 49
121,956 18
75,192 03
18,181,319 17
COMPANIES.
None.
None. .
None.
12,279 86
5,863 45
16,255 51
29,027 64
None.
32,425 88
None.
None.
None.
None.
None.
None.
187,272 22
105,863 45
216,519 51
Fire and Inland Marine.
None.
None.
12,028 91
None.
None.
64,225 11
None.
None.
None.
None.
147,028 91
208,545 11
II and Inland Marine.
None.
None.
None.
8,365 41
12,119 25
21,865 51
None.
5,635 07
19,255 47
None.
2,224.16
11,668 12
None.
5,967 99
None.
116,365 41
237,573 47
354,310 49
None.
88,777 90
150,569 17
13,892 28
5,967 99
1,573,478 57
Ixxiv
DEPARTMENT OF FINANCE— INSURANCE BRANCH
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SESSIONAL PAPER No. 8
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Ixxvi
DEPARTMENT OF FINANCE-INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
Table V. — Showing the Cash Income and Expenditure of Canadian Companies
Canada of British and American
CANADIAN COMPANIES-INCOME
INCOME (cash).
Companies.
Anglo-American . ,
British America . . ,
Canadian Fire.
Equity Fire
London Mutual , . .
Mercantile Fire . . .
Ottawa Fire
Quebec
Western
Totals
Net Cash
for
Premiums.
$ cts.
224,463 42
2,105,024 97
173,594 42
127,665 49
333,305 73
79,142 48
201,953 32
91,481 49
3,439,332 42
6,775,963 74
Interest
and
Dividends
on
Stocks, &c.
$ cts.
5,029 69
31,877 43
8,878 80
2,934 02
5,194 72
7,633 39
4,447 21
5,530 57
83,533 97
155,059 80
Sundry.
$ cts.
None.
3,611 24
None.
None.
683 87
None.
None.
3,248 63
None.
Total
Cash Income.
7,543 74
$ cts.
229,493 11
2,140,513 64
182,473 22
130,599 51
339,184 32
86,775 87
206,400 53
100,260 69
3,522,866 39
6,938,567 28
Received
on
Account of
Capital Stock
not
included in
Income.
$ cts.
6,620 00
None.
15,110 00
None.
None.
None.
None.
25,000 00
30,363 00
77,093 00
BRITISH
Alliance
Atlas
Caledonian
Commercial Union
Guardian
Imperial
Lancashire
Law Union and Crown
Liverpool and London and Globe
London and Lancashire
London Assurance
Manchester
National, of Ireland
North British
Northern
Norwich Union..
Phoenix, of London
Royal
Scottish Union and National
Sun Insurance Office
Union Assurance
Totals
147,380 54
284,796 45
260,581 52
442,168 77
445,607 94
159,006 87
471 26
66,176 75
417,774 22
259,032 82
135,187 10
191,950 18
267,999 98
569,742 51
360,501 47
.396,956 61
705,755 50
981,856 46
311,873 96
247,224 61
294,872 41
6,946,917 93
6,414 27
4,964 20
9,316 57
12,286 52
17,765 45
8,451 53
3,674 10
67,839 34
80,834 18
7,632 18
6,680 00
6,565 71
6,993 34
200,032 80
12,475 70
8,589 97
14,647 59
30,074 29
29,735 98
585 95
8,465 36
544,025 03
37 32
None.
None.
None.
None.
7,553 94
199 61
6,551 26
2,945 57
None.
None.
None.
None.
411 38
None.
308 47
None.
9,687 98
None.
207 22
None.
27,902 75
153,832 13
289,760 65
269,898 09
454,455 29
463,373 39
175,012 34
4^44 97
140,567 35
501,553 97
266,665 00
141,867 10
198,515 89
274,993 32
770,186 69
372,977 17
405,855 05
720,403 09
1,021,618 73
341,609 94
248,017 78
303,337 77
7,518,845 71
AMERICAN
^tna Fire
Connecticut Fire
Hartford Fire
Home Fire
Insurance Co. of North America
Phenix, of Brooklyn
Phoenix, of Hartford
Queen, of America
Totals
219,205 34
59,090 25
223,801 82
82,276 98
183,361 42
178,035 60
139,791 31
500,754 78
1,586,317 50
7,011 60
4,000 00
10,146 18
3,000 00
5,240 00
4,000 00
8,984 15
10,628 37
53,010 30
None.
None.
None.
None.
None.
None.
None.
43 75
43 75
226,216 94
63,090 25
233,948 00
85,276 98
188,601 42
182,035 60
148,775 46
511,426 90
1,639,371 55
ABSTRACT OF STATEMENTS
IzxTii
SESSIONAL PAPER No. 8
doing Fire and Inland Marine Insurance, and the Cash Income and Expenditure in
Companies in those Branches.
AND EXPENDITURE, 1J)02.
EXPENDITURE
(cash).
Paid
for Losses.
General
Expenses.
Dividends
or
Bonus to
Stock-
Total
Cash Expen-
diture.
e Excess
of Premiums
over
Losses paid.
e Excess
of Income
over
Expenditure.
Nature
of
Business.
holders.
rfThe Reverse.
dThe Reverse.
$ cts.
^ cts.
$ cts.
$ cts.
$ cts.
$ cts.
105,205 58
72,778 21
5,883 50
183,867 29
e 119,257 84
e 45,625 82
Fire.
1,266,055 08
749,205 96
59,859 00
2,075,120 04
e 838,969 89
e 6.5,393 60
Fire, Inland and
Ocean.
61,158 15
45,342 64
25,284 08
131.784 87
e 112,436 27
e 50,688 35 iFire.
55,075 29
49,151 63
3,000 00
107,226 92
e 72,590 20
e 23,372 59 „
156,867 89
100,552 23
None,
257,420 12 \e 176,437 84
e 81,764 20 „
28,076 12
20,610 89
None.
48,687 01 \e 51,066 36
e 38,088 86
76,798 13
75,490 19
2,899 37
155,187 69 \e 125,155 19
e 51,212 84 | „
48,1.^8 22
31,389 97
674 65
80,202 84 \e 43,343 27
e 20,057 85 1 ,.
2,189,739 79
1,132,287 44
116,574 48
3,438,601 71 \e 1,249,592 63
e 84,264 68 jFire, Inland and
Ocean.
3,987,114 25
2,276,809 16
214,175 08
6,478,098 49
e 2,788,849 49
e 460,468 79
COMPANIES.
22,398 57
141,318 01
101,992 42
153,783 52
198,437 98
104,144 68
20,272 58
13,048 .36
187,845 85
114,700 36
43,430 28
73,324 08
120,682 78
233,387 56
100,803 62
176,083 98
242,672 15
365,377 06
110,597 39
95,029 96
105,155 30
2,724,486 49
50,264 27
76,320 76
72,506 28
119,785 13
136,317 87
46.. 355 73
1,979 92
23,063 36
122,247 75
74,497 58
41,274 57
66,346 70
75.210 24
145,732 97
94,790 23
123,454 28
190,561 17
267,251 49
84,246 59
73.211 32
89,123 98
1,974,542 19
72,662
217,638
174,498
273,568
334,755
150,500
22,2.52
36,111
310,093
189,197
84,704
139,670
195,893
379,120
195,593
299,538
433,233
632,628
194,843
168,241
194,279
4,699,028 68
124,981
143,478
158,589
288,385
247,169
54,862
19,801
53,128
229,928
144,332
91,756
118,626
147,317
336,354
259,697
220,872
463,083
616,479
201,276
152,194
189,717
e 4,222,431 44
81,169 29
72,121 88
95,399 39
180,886 64
128,617 54
24,511 93
17,907 53
104,455 63
191,460 37
77,467 06
57,162 25
58,845 11
79,100 30
391,066 16
177,388 32
106,316 79
287,169 77
388,990 18
146,765 96
79,776 50
109,058 49
e 2,819,817 03
Fire.
COMPANIES.
80,935 50
27,090 39
70,821 81
1,793 70
69,805 26
54,699 95
47,177 03
213,140 01
565,463 65
53,621 88
13,816 81
57,128 36
25,751 68
58,399 42
43,198 68
43,342 69
139,337 67
434,597 19
134,557 38
40,907 20
127,9.50 17
27,545 38
128,204 68
97,898 63
90,519 72
352,477 68
1,000,060 84
e 138,269 84
31,999 86
152,980 01
80,483 28
113,556 16
e 123,335 65
e 92,614 28
e 287,614 77
e 1,020,853 85
e 91,6^ 56
e 22,183 05
e 105,997 83
e 57,731 60
c 60,396 74
e 84,1.^6 97
e 58,255 74
e 158,949 22
e 639,310 71
Fire, and Inland
Marine.
Fire.
Fire, and Inland
Marine.
Fire.
Ixxviii
DEPARTMENT OF FINANCE-INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
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Ixxiz
SESSIONAL PAPER No. 8
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A. 1903
ABSTRACT OF STATEMENIS
OF
LIFE, ACCIDENT, GUARANTEE, PLATE GLASS
AND
OTHER INSURANCE COMPANIES
IN
CANADA
FOR THE YEAR 1903
Izxxii
DEPARTMENT OF FINANCE- INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
a2
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Ixxxiii
SESSIONAL PAPER No, 8
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Ixxxix
SESSIONAL PAPER No. 8
xc
DEPARTMENT OF FINANGE-INSURANGE BRANCH
2-3 EDWARD VII., A. 1903
Table showing the Liabilities in Canada of British and American Companies doing
business of Life Insurance in Canada for the Year 1902.
LIABILITIES IN CANADA, 1902.
British Companies.
British Empire
Commercial Union
Edinburgh Life
Life Association of Scotland.
Liverpool & London & Globe
London and Lancashire
London Assurance
North British
Norwich Union Life
Reliance Mutual .... . .
Royal
Scottish Amicable
Scottish Provident
Standard .
Star
Totals
Avierican Companies.
uEtna Life
Connecticut Mutual
Equitable ... .
Germania
Metropolitan
Mutual Life of New York . .
Mutual Reserve Life,
National Life
New York Life
North-western
Phoenix Mutual .
Provident Savings
Travelers
Union Mutual
United States
Totals ...
Unsettled
Claims.
$ cts.
17,758 25!
None.
15,347 77
17,607 59
None.
11,720 00
None.
1,.581 33
None.
None.
25,009 .23
None.
None.
58,501 60
None.
_ Net
Reinsurance
Reserve.
147,525 77
S cts.
1,795,000 00
237,892 39
92,496 00
887,485 40
100,000 00
2,217,227 00
16,408 00
510,000 00
1,000 00
85,000 00
397,003 71
138,787 60
81,635 90
6,281,358 78
185,600 00
13,026,894 78
17,879 00
None.
33,277 70
None.
17,758 00
37,761 20
51,686 04
405 00
27,621 05
None.
None.
5,000 00
8,746 50
5,790 48
13,070 00
218,994 97
5,274,580 00
773,653 00
5,648,782 00
118,540 00
1,321,317 00
6,072,376 00
145,369 95
54,562 00
6,458,005 00
127,085 00
275,000 00
234,727 00
1,573,243 00
1,103,341 00
240,217 00
29,420,797 95
Sujidry.
$ cts.
3,648 67
None.
31 43
None.
None.
5,393 40
None.
25 00
None.
None.
None.
None.
None.
None.
None.
9,098 50
7,165 80
None.
33,323 61
426 00
14,063 85
27,534 42
None.
None.
49,948 22
None.
None.
747 44
120,605 00
5,893 28
75 00
Total
Liabilities,
including
Reserve.
$ cts.
1,816,406 m
237,892 39
107,875 20
905,092 99
100,000 00
2,234,340 40
16,408 00
511,606 33
1,000 00
85.000 00
422,012 94
138,787 60
81,635 90
6,339,860 38
185,600 00
13,183,519 05
5,299,624 80
773,653 00
5,715,383 31
118,966 00
1,353,138 85
6,137,671 62
197,055 99
54,967 00
6,535,574 27
127,085 00
275,000 00
240,474 44
1,702,594 50
1,115,024 76
253,362 00
259,782 62| 29,899,575 54
e Excess
of Assets over
Liabilities.
d The Reverse.
$ cts.
e 235,532 66
e 518,820 95
e 73,406 94
d 545,357 47
e' 793,568" 56
e 72,364 78
e 49,320 00
"e 26i936'76
e 1,893,497 34
e 8,634,111 88
e 701,417 40
e 11,403,586 53
539,106 73
662,153 00
3,112,563 09
10,647 61
29,620 94
267,712 48
204,311 02
55,131 66
8,216 68
44,252 65
139,559 63
10,704 81
30,469 68
126,000 63
23,882 48
2,255,017 87
ABSTRACT OF STATEMENTS
XCl
SESSIONAL PAPER No. 8
Table showing the Cash Income of Canadian Companies doing Life Insurance and the
Cash Income in Canada of British and American Companies in that Branch.
INCOME (CASH), 1902.
Net
Premium
Income.
i
Interest
Consideration I and
for I Dividends
Annuities. ' on
i Stocks, &c.
I
Canadia a Companies.
Canada Life
Confederation
Continental
Crown Life
Dominion Life
Excelsior
Federal
Great West
Home Life
Imperial Life
London Life
Manufacturers' Life
Mutual Life of Canada
National Life
North American
Northern Life
Royal Victoria
Subsidiary High Court of
Ancient Order of Foresters
Sun Life of Canada
Union Life
Totals ...
British Companies.
British Empire
Commercial Union
Edinburgh Life
Life Association of Scotland .
Liverpool & London & Globe.
London and Lancashire
London Assurance
North British
Norwich Union Life
Reliance Mutual
Royal
Scottish Amicable
Scottish Provident . .
Standard
Star
Totals
American Cornpanics.
^Etna Life
Connecticut Mutual
Equitable
Gennania
Metropolitan
Mutual Life of New York. . .
Mutual Reserve
National Life of U. States, .
New York Life
North-western
Phrenix Mutual , .
Provident Savings
Travelers
Union Mutual
United States
Totals
$ cts.
2,549,787 43
1,119,683 88
78,208 13
38,275 19
142,559 16
160,090 31
464, 9 -)2 53
485,628 14
100,773 10
407.209 4S
291,902 66
1,045,498 72
1,111,897 41
110,020 74
1,030,866 09
99,848 41
111,198 41
15,740 90
2,700,633 36
13,129 43
12,077,903 48
227,593 95
16,529 43
3,745 63
24,906 24
4,739 56
313,472 41
1,108 44
18,496 06
482 55
3,458 76
18,287 02
4,006 72
1,198 11
740,020 14
16,974 69
1,.395,019 71
587,573 11
26,166 54
736,735 66
8,527 40
888,429 52
1,037,004 31
366,244 84
956 03
1,246,672 11
9,990 52
ir>,09S 89
135,004 54
237,019 73
198,519 27
59,759 02
5,553,701 49
$ cts.
65,384 38
19,370 50
None.
None.
None.
None.
6,500 00
29,292 00
None.
2,067 65
None.
9,317 00
1,056 00
None.
18,786 65
None.
10,000 00
None.
232,912 65
None.
394,686 83
$ cts.
1,045,799 81
328,802 90
5,435 87
2,376 14
29,518 62
23,807 96
71,206 64
79,280 09
4,613 69
71,952 01
63,200 45
186,074 11
272, .326 85
5,536 20
202,375 46
10,532 14
10,663 76
1,685 67
556,045 42
1,640 56
2,972,874 35
229 00
None.
None,
None.
None.
Non^.
None.
None.
None,
None.
None.
None.
None.
20,0-i3 77
None.
20,252 77
None.
None.
21,226 75
None.
1,222 00
1,122 73
None.
None.
36,809 16
None.
None.
None.
None.
None.
None.
82,293 33
26,612 22
1,4.55 75
10, .390 98
None.
111,782 30
None.
None.
None.
None.
2,620 05
713 70
80,840 14
671,537 00
3.5.117 27
1,023,362 74
60.380 64
188,336 66
4,750 00
305,733 96
.5,000 00
42,216 12
201,107 57
11,764 04
None.
247,795 10
None.
5,307 89
8,031 69
79,610 70
37,209 93
4,705 23
1,141,568 89
Sundry.
$ cts.
53,168 26
49,957 89
18,477 77
4,025 00
3 00
909 71
91 22
1,076 00
6,284 14
9,226 15
None.
None.
5,817 99
None.
18,812 01
None.
None.
71,753 80
70,000 00
Total.
309,602 94
4,684 00
None.
None.
None.
None.
9,116 78
None.
None.
None.
None.
None.
None.
None.
11,533 43
5,825 00
$ cts.
3,714,139 88
1,517,815 17
102,121 77
44,676 33
172,080 78
184,807 98
542,750 39
595,276 23
111,670 93
490,455 29
355,103 11
1,240,889 83
1,391,098 25
115,556 94
1,270,840 21
110,380 55
131,862 17
17,426 57
3,561,345 23
84,769 99
15,755,067 60
314,800 28
4.3,141 65
5,201 38
35,297 22
4,739 56
434,371 49
1,108 44
18,496 06
4S2 55
3,458 76
20,907 07
4,720 42
82,038 25
1,443,114 34
57,916 96
31,159 21 j 2,469,794 43
2,962 00
None.
None.
248 17
2,525 13
None.
None.
None.
8,8.38 99
None.
None.
2 19
None.
None.
None.
778,871 77
.30,916 54
1,06.3,696 37
13,775 57
934,392 77
1,239,234 61
378,008 88
956 03
1,540,115 36
9,990 52
20,406 78
143,038 42
316.r>30 43
235,729 20
64,464 25
14,576 48 I 6,770,227 50
XCll
DEPARTMENT OF FINANCE-INSUBANGE BRANCH
2-3 EDWARD VII., A. 1903
PAYMENTS TO POLICY-HOLDERS, 1902.
Companies.
Canadian Companies.
Canada Life
Confederation
Continental ... ....
Crown Life
Dominion Life
Excelsior
Federal
Great West
Home Life
Imperial Life
London Life
Manufacturers' Life . . .
Mutual Life of Canada
National Life
North American . .
Northern Life
Royal V ictoria
Subsidiary High Court
of Ancient Order of
Foresters
Sun Life of Canada . . .
Union Life
Totals
British Companies.
British Empire
Commercial Union
Edinburgh Life
Life Association of
Scotland
Liverpool and London
and Globe
London and Lancashire
London Assurance
North British ......
Norwich Union Life . .
I^eliance Mutual
Royal
Scottish Amicable
Scottish Provident . . .
Standard
Star
Totals
American Companies.
^tna Life
Connecticut Mutual . . .
Equitable
Germania
Metropolitan
Mutual Life of N.York
Mutual Reserve ....
National Life
New York Life ......
North-western
Phoenix Mutual
Provident Savings
Travelers
Union Mutual
United States
Totals
Death
Claims.
S cts.
1,179,370 15
295,422 02
7,329 02
2,000 00
28,040 00
26,025 75
114,656 46
56,125 78
32,073 97
40,652 10
62,939 72
174,965 20
242,049 75
22,269 52
193,857 77
12,616 53
17,000 00
12,242 00
577,982 30
2,000 56
3,099,618 60
89,277 33
6,329 80
14,472 25
74,949 06
3,194 10
88,379 17
None.
37,711 32
None.
1,546 50
21,305 05
788 40
2,973 53
241,792 87
43,282 35
Matured
En-
dowments
§ cts.
244,697 90
198,897 00
None.
None.
5,740 00
7,000 00
31,385 05
15,749 00
None.
300 00
5,960 00
71,480 00
112,747 00
None.
46^350 00
None.
None.
None.
177,310 43
None.
Paid to
An-
nuitants.
% cts.
18,852 80
17,045 78
None.
None.
469 48
300 00
3,053 15
2,817 99
None.
7,242 36
None.
1,985 55
9,484 30
None.
9,407 44
None.
3,848 28
None.
52,294 47
None.
Paid
for Sur-
rendered
Policies.
Dividends
paid
Policy-
holders.
917,616 38 126,801 60
40,933 83
None.
None.
4,712 30
None.
None.
4,866 67 i None.
None.
41,190 41
None.
None.
None.
1,149 30
500 00
None.
None.
96,401 25
None.
465 36
None.
None.
973 81
None.
53 90
379 09
None.
None.
9,749 85
115 92
S cts.
96,762 71
48,014 29
194 24
None.
492 63
4,298 25
20,102 28
8,466 35
6,700 61
3,841 41
1,370 84
39,276 21
41,225 39
145 00
61,448 64
310 51
618 34
566 00
153,338 39
34 80
Total
paid to
Policy-
holders.
S cts.
65,694 33
73,784 24
None.
None.
1,071 50
1,023 41
32,214 74
2,533 10
None.
None.
5,049 41
28,849 67
77,843 79
None.
63,449 29
None.
None.
None.
103,550 43
None.
487,206 95 455,063 91
626,001 73 185,041 46 16,450 23
276,705
50,508
304,351
3,576
155,434
257,471
167,865
3,000
286.564
1C;729
23,865
51,6.50
75,945
85,373
37,500
416,826 00
5,552 00
60,383 35
1,500 00
5,739 92
131,763 60
None.
None.
159.904 63
None.
2,628 00
Non e.
28,159 59
44,264 45
3,000 00
1,796,540 48 859,721 54 43,7^
None.
None.
5,824 46
None.
272 71
20,098 86
2,667 51
None.
12,570 95
None.
None.
None.
2,330 96
None.
20 00
14,668 10
722 10
374 11
11,939 09
120 25
10,306 87
None.
1,085 00
None.
1,141 32
J, 419 75
4,167 08
None.
28,417 54
1,279 69
75,640 90
3,906 86
6,125 00
95,404 68
856 16
7,779 13
117,412 20
32,558 94
None.
115,230 36
3,289 87
2,113 00
5,155 69
10,035 57
3,179 75
4,750 89
1,166 38
119 09
None.
% cts,
1,605,377 89
633,163 33
7,523 26
2.000 00
35,813 61
38,647 41
201,411 68
85,6f2 22
38,774 58
52,035 87
75,319 97
316,556 63
483,350 23
22,414 52
374,513 14
12,927 04
21,466 62
12.808 06
1,064,476 02
2,035 36
Net
Premium
Income
(including
consider-
ation for An-
nuities).
2,615,
1,139,
78,
38,
142,
100,
471,
514,
100,
409,
291,
1,054,
1,112,
110,
1,049,
99,
121,
5 cts.
171 81
054 38
208 13
275 19
.559 16
090 31
452 53
920 14
773 10
277 13
902 66
815 72
953 41
020 74
6.52 74
848 41
198 41
15,740 90
2,933,546 01
13,129 43
5,086,307 44 12,472,590 31
150,757 94
7,170 99
14,846 36
3,711 98! 95,466 80
None.
5,086 27
None.
1,063 79
None.
None.
None.
None.
None.
None.
None.
11,147 51
65,418 57
11,930 89
73,459 90
26 60
5,477 03
16,450 42
420 94
None.
102,101 59
2,847 63
2,698 74
722 25
None.
6,149 56
1,832 00
3,779 71
144,962 72
None.
40,833 92
None.
3,891 02
23,603 89
4,955 48
2,973 53
376,361 51
44,677 96
227,822 95
16,529 4a
3,745 63
24,906 24
4,739 56
313,472 41
1,108 44
18,496 06
482 55
3,458 76
18,287 02
4,006 72
1,198 11
760,043 91
16,974 69
914,281 83 1,415,272 48
45 407,798 lOJ 289,536 12
762,856 88
74,115 89
539,423 82
5,959 32
174,703 51
543,196 78
203,512 96
3,000 00
676,372 34
22,866 50
31,304 74
57,527 94
116,471 28
138,966 84
47,102 89
587,573 11
26,166 54
757,962 41
8,527 40
889,651 52
1,038,127 04
366,244 84
956 03
1,283,481 27
0,990 52
15,098 89
135,004 54
237,019 73
198,519 27
59,759 02
3,397,381 69 5,614,082 13
ABSTRACT OF STATEMENTS
XClll
SESSIONAL PAPER No. 8
Table showing the Cash Expenditure of Canadian Companies doing Life Insurance, and
Cash Expenditure in Canada of British and American Companies in that Branch.
EXPENDITURE (CASH), 1902.
Payments
to
Policy-holders
General
Expenses.
Dividends
to
Stockholders
Total
Expenditure.
e Excess
of Income over
Expenditure.
rf The Reverse.
Canadian Companies
Canada Life
$ cts.
1,605,377 89
633,163 33
7,523 26
2,000 00
35,813 61
38,647 41
201,411 68
85,692 22
38,774 58
52,035 87
75,319 97
316,556 63
483,350 23
22,414 52
374 513 14
$ cts.
697,609 21
269,175 32
58,556 66
54,163 51
44,346 26
61,647 22
147,664 60
159,630 48
78,729 69
142,400 27
118,273 99
300,270 08
248,956 13
60,983 30
$ cts,
76,722 96
15,000 00
None.
None.
7,000 00
3,264 40
10,276 13
8,000 00
None.
20,250 00
4,000 00
24,000 00
None.
None.
6,000 00
None.
None.
15, 750 00
None.
$ cts.
2,379,710 06
917,338 65
66,079 92
56,163 51
87,159 87
103,559 03
359,352 41
253,322 70
117,504 27
214,686 14
197,593 96
640,826 71
732,306 36
83,397 82
691,364 47
67,509 51
89,730 43
14,866 85
1,888,374 99
73,709 31
$ cts.
e 1,334,429 82
e 600,476 52
e 36,041 85
d 11,487 18
e 84,920 91
e 81,248 95
e 183,397 98
e 341 953 53
Confederation
Continental
Crown Life
Dominion Life
Excelsior
Federal
Great West
Home Life
d 5,833 34
Imperial Life
London Life
Manufacturers' Life
Mutual Life of Canada
National Life of Canada . .
North American
e 275,769 15
e 157,509 15
e 600,063 12
e 658,791 89
e 32,159 12
e 579,475 74
e 42,871 04
Northern Life
12,927 04 1 54^582 47
21,466 62 68,263 81
12,808 06 2,058 79
1,064,476 02 808,148 97
2,035 36 j 71,673 95
Royal Victoria
Subsidiary High Court of
Ancient Order of Foresters.
Sun Life of Canada
Union Life
€ 42,131 74
c 2,559 72
e 1,672,970 24
e 11,060 68
Totals
5,086,307 44 | 3,757,986 04
190,263 49
9,034,556 97
c 6,720,510 63
British Companies.
British Empire
Commercial Union
150,757 94
7,170 99
14,846 36
95,466 80
3,779 71
144,962 72
None.
40,833 92
None.
3,891 02
23,603 89
4,955 48
2,973 53
376,361 51
35,247 12
1,671 86
486 19
1,487 22
206 06
68,412 78
2 81
4,014 06
33 03
156 70
5,440 70
127 81
222 20
1.57.4.52 63
186,005 06
8,842 85
15,332 55
96,954 02
3,985 77
213,375 50
2 81
44,847 98
33 03
4,047 72
29,044 59
5,083 29
3,195 73
533,814 14
e 128,795 22
e 34,298 80
Edinburgh Life.
d 10,131 17
d 61,656 80
Life Association of Scotland .
Liverpool & London & Globe.
London and Lancashire .
London Assurance
e 753 79
e 220,995 99
e 1,105 63
North British
Norwich Union Life
d 26,351 92
c 449 52
Reliance Mutual
Royal
;;;;■:■;;;;;
d 588 ^9
d 8,137 52
Scottish Amicable
d 362 87
Scottish Provident
e 78,842 52
Standard
e 909,300 20
Star
44,677 96 4 1S5> Q4
48,860 90
e 9,056 06
'
Totals
914,281 83
279,144 11
1,193,425 94
e 1,276,368 49
American Companies.
-/Etna Life
762,856 88
74,115 89
539,423 82
5,959 32
174,703 51
543,196 78
203,512 96
3,000 00
676,372 34
22,866 50
31,304 74
57,527 94
116,471 28
138,966 84
47,102 89
76,133 24
178 86
103,057 33
54 37
404,969 38
181,686 35
33,294 16
61 15
257,027 48
5 16
None .
36,882 14
38,529 95
50,495 68
16,153 39
838,990 12
74,294 75
642,481 15
6,013 69
579,672 89
724,883 13
236,807 12
3,061 15
933,399 82
22,871 66
31,304 7,4
94,410 08
155,001 23
189,462 52
63,256 28
d 60,118 35
Connecticut Mutual
d 43,378 21
Equitable . .
Germania
c 421,215 22
e 7,761 %%
Metropolitan
Mutual Life of New York . . .
e 354,719 88
e 514,351 48
Mutual Reserve . . .
National Life
New York Life
I^forth-western
Phoenix Mutual
Provident Savings
.....!!!.
e 141,201 76
d 2,105 12
c 606,715 54
d 12,881 14
d 10,897 96
e 48,628 34
Travelers
e 161,629 20
Union Mutual
United States
e 46,266 68
€ 1,207 97
Totals
3,397,381 69
1,198,528 64
4,595,910 33
€ 2,174,317 17
XCIV
DEPARTMENT OF FINANCE-INSURANCE BRANCH
2-3 EDWARD Vil., A.
1903
Amount of Life Insurance terminated in Canada in Natural Course or by Surrender
and Lapse during the Year 1902.
C'limdian Companies.
Canada Life
Confederation
Continental
Crown Life
Dominion Life
Excelsior
Federal , . .
Great West ...
Home Life
Imperial Life
London Life
Manufacturers' Life
Mutual Life of Canada
National Life of Canada.
Xorth American
Northern Life
Royal Victoria
Subsidiary High Court of Ancient Order
of Foresters
Sun Life of Canada
Union Life
Totals for 1902.
1901..
Death.
1,032,138
293,418
5,479
2,000
27,540
29,324
133,805
54,826
20,250
36,031
71 877
147,003
209,696
17,500
180,900
17,700
11,500
10,017
295.513
5,025
Increase (i) ; decrease (d)
British Companies.
British Empire
Commercial Union
Edinburgh Life
Life Association of Scotland
Liverpool and London and Globe
London and Lancashire
London Assurance
North British
Norwich L^nion Life .
Reliance Mutual
Royal
Scottish Amicable
Scottish Provident
Standard
.btar
2,607,542
2,898,048
(d) 290,506
Amount Terminated by
Surrender. Lapse.
Maturity
and Expiry,
306,133
377,237
None.
None.
46,330
13,000
100,885
21,149
None.
7,532
10,960
90,940
150,622
6,900
49,590
6,000
1,000
None.
174,061
None.
1,362,339
1,225,200
(i) 137,139
Totals for 1902.
1901.
Increase (i) ; decrease (dj. . .
American Companies.
JEtnsi Life
Connecticut Mutual . •
Equitable ...
Germania
Metropolitan
Mutual Life of New York
Mutual Reservti ,
National Life
New York Life
North-western
Phcenix Mutual
Provident Savings.
Travelers
Union Mutual
United States.
Totals for 1902.
1901.
Increase Ci) ; decrease (d)
91,674
5,599
29,820
72,959
1,618
115,337
None.
33,042
None.
1,547
26,678
788
2,974
234,571
43,282
659,889
700,840
(d) 40,951
272,771
50,508
289.552
3,577
155,435
283,276
162,896
3,138
288,203
16,729
23,865
55,650
113.741
84,956
39,570
1,843,867
1,783,786
rt; 60,081 [(tj 1,593,394
46,415
None.
None.
None.
None.
48,260
None.
None.
None.
1,149
19,5.50
None.
None.
93,039
3,000
211,413
238,423
(d) 27,010
468,558
229,238
9,000
None.
30,571
40,099
108,660
193,260
6,500
109,614
33,607
222,932
182,000
3,000
396,270
5,000
5,000
4,069
503,839
1,800
2,553,017
2,532,601
(i) 20,416
128,128
3,860
557
13,205
163
76,964
None.
3,400
None.
2,630
2,540
8,377
None.
142,628
2,909
1,001,068
590,906
577,665
74,000
325,480
462,617
1,318,961
979,500
471,478
644,259
1,080,569
1,381,019
1,046,918
521,642
1,747,875
609,610 !
354,000 ,
74,333 i
1,354,556 I
C02,279 1
Total
Surrender
ar d Lapse.
1,469,626
820,144
586,665
74,000
356,051
502,716
1,427,621
1,172,760
477,978
753,873
1,114,176
1,603,951
1,228,918
524,642
2,144,145
614,610
359,000
78,402
1,858,395
504,079
15,118,735
14,170,164
17,671,752
16,702,765
(i) 948,571 i(i) 968,987
90,177
None.
None.
3,407
None.
401,305
None.
4,108
1,000
None .
None.
19,467
None.
561,511
9,000
385,361
441,240
(d) 55,879
428,226
5,552
94,765
None.
5,675
155,779
None.
None.
1,984,309
None.
2,628
392,119
32,611
115,118
56,500
3,273,282
1,679,888
81,899
16,227
382,983
1,550
304,721
516,589
221,000
None.
531,374
6,050
8,667
29,000
53,764
28,357
24,620
2,206,801
1,518,476
(i) 688 325
1,089,973
1,.527,997
218,305
3,8H0
557
16,612
163
478,269
None.
7.506
1,000
2,630
2,540
27,844
None.
704,139
11,909
1,475,334
1,969,237
(d) 438,024 ^(d) 493,903
349,998
431,897
None.
16,227
734,890
1,117,873
None.
1,550
10,666,718
10,971,439
1,432,544
1,949,133
2,305,601
2,526,601
None.
None .
203,082
734,456
None.
6,050
None.
8,667
105,459
134,459
189,269
243,033
358,664
387,021
122,660
147,280
16,468,885
12,864,675
18,675,686
14,383,151
a'/3,604,210 \{i) 4,292,536
ABSTRACT OF STATEMENTS
xcv
SESSIONAL PAPER No. 8
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ABSTRACT OF STATEMENTS
ASSESSMENT SYSTEM.
XC711
Amounts of Life Insurance terminated in Natural Course or by Surrender and Lapse
among Assessment Life Companies in Canada, during the Year 1902.
Companies.
Amount terminated by
Total
Death.
Surrender,
Expiry
or Lapse.
Terminated.
Canadian Companies.
Catholic Mutual Benefit Association ,
Commercial Travellers' Mutual Benefit Society
2.30,000
31,000
766,013
47,000
569,000
541,000
2,924,487
788,500
799,000
572,000
3,690,500
835,500
Independent Order of Foresters (Canadian business)
Woodmen of the World
Totals for 1902
1,074,013
892,446
4,822,987
4,772,054
5,897,000
5,664,500
Totals for 1901
xcviii
DEPARTMENT OF FINANCE— INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
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ABSTRACT OF STATEMENTS
SESSIONAL PAPER No. 8
ASSESSMENT LIFE COMPANIES.
CANADIAN COMPANIES-LIABILITIES, 1902.
XCIX
Companies.
Catholic Mutual
■Commercial Travellers
Independent Order of Foresters
Woodmen of the World
Totals
Claims
Unsettled.
$ ■ cts,
50,250 00
2,000 00
307,998 47
9,000 00
369,248 47
Due on
Account of
General
Expenses.
$ cts.
2,486 01
None.
5,848 24
287 80
8,622 05
Other .
Liabilities.
$ cts.
None.
360 35
Toti\l.
Liabilities
(not includ-
ing reserve).
$ cts.
52,736 01
2,360 35
113,273 95 427,120 66
7,019 80; ■ 16,307 60
120,654 10 498,524 62
DEPARTMENT OF FINANCE— INSURANCE BRANCH
2-3 EDWARD VII., A. 190S
ASSESSMENT LIFE COMPANIES.
INCOME, 1902.
•
A-ssessments
Fees
and Dues.
Interest.
Other
Receipts.
Total
Income.
Canadian Companies.
$ cts.
238,615 50
34,596 69
2,831,404 33
73,633 55
$ cts.
18,386 87
3,524 00
256,749 47
18,730 46
$ cts.
4,315 03
1,658 35
214,381 02
1,263 61
$ cts.
673 88
None.
8,635 66
665 94
$ cts.
261,991 28
39,779 04
3,311,170 48
94,293 56
Commercial Travellers
*Indepen Jent Order of Foresters
Woodmen of the World
Totals
3,178,250 07
297,390 80
221,618 01
9,975 48
3,707,234 36
EXPENDITURE, 1902.
Paid
to Members.
General.
Expenses.
Total
Expenditure.
Excess of
Income over
Expenditure.
Canadian Companies.
Catholic Mutual
Commercial Travellers
Independent Order of Foresters
Woodmen of the World
$ cts.
209,000 00
36,000 00
1,746,491 70
50,642 18
$ cts.
20,494 53
3,533 88
695,077 85
22,597 29
$ cts
229,494 53
39,533 88
2,441,569 55
73,239 47
$ cts.
32,496 75
245 16
869,600 93
21,054 09
Totals
2,042,133 88
741,703 55
2,783,837 43
923,396 93
*Including the sick and funeral department.
ABSTRACT OF STATEMENTS
Cl
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ABSTRACT OF STATEMENTS
ciil
SESSIONAL PAPER No. 8
Table showing the Income and Expenditure of Canadian Companies doing business of
Accident, Guarantee, Plate Glass, Burglary Guarantee, or Steam Boiler Insurance.
INCOME, 1902.
Companies.
Net Cash
for
Premiums.
Interest
and
Dividends
on
Stock, &c.
Sundry.
Total Cash
Income.
Received
on
Account of
Capital
not
included in
Income.
Accident and Guarantee Co
Boiler Inspection.
% cts.
4,910 50
36,263 95
42,849 09
134,623 55
18,257 00
148,100 35
20,508 50
179,248 06
115,170 47
$ cts.
507 86
6,058 20
3,477 67
2,115 52
1,812 30
4,138 75
1,133 28
42,602 48
1,783 90
$ cts.
10,992 50
617 37
None.
1,103 80
None.
None.
None.
1,991 30
None.
% cts.
16,410 86
42,939 62
46,326 76
137,842 87
20,069 30
152,239 10
21,641 78
223,841 84
116,954 37
$ cts.
43,870 00
None.
Canadian Railway Accident. .'.
Dominion Burglary Guarantee. . .
1,960 00
None
Dom. of Canada Guarantee & Accident.
Dominion Plate Glass , . . .
None.
None.
Guarantee Co. of North America
Ontario Accident
None.
695 00
Totals .
699,931 47
63,629 96
14,704 97
778,266 40
46,525 00
EXPENDITURE, 1902.
Dividends
Companies.
Paid
for Losses.
General
Expenses.
or
Bonuses
to Stock-
holders .
Total Cash
Expenditure
Nature of Business.
$ cts.
S cts.
S cts.
$ cts.
Accident and Guarantee Co
Boiler Inspection
494 05
2,886 20
9,651 77
12,837 75
33,432 54
20,071 06
None.
7,507 50
3,247 04
13,331 80
43,826 24
32,969 87
Accident & Sickness.
Steam Boilers.
Canada Accident
Accident, Sickness &
Plate Glass.
Accident & Sickness.
Burglary Guarantee.
Guarantee, Accident
and Sickness.
Plate Glass.
Canadian Railway Accident. . .
Dominion Burglary Guarantee.
Dora, of Canada G'ntee & Acc'nt
64,936 80
3,730 41
57,224 01
54,418 30
10,269 08
66,547 71
2,282 40
4,800 00
12,388 15
121,637 50
18,799 49
136,159 87
Dominion Plate Glass..'
8,047 77
36,075 34
53,981 81
9,643 30
108,929 10
55,706 26
2,250 00
24,368 00
1,720 00
19,941 07
169,372 44
111,408 07
Guarantee Co. of North America
Ontario Accident
Guarantee.
Accident & Sickness.
Totals
237,028 16
371,855 10
58,563 09
667,446 35
civ
DEPARTMENT OF FINANCE— INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
Abstract of Guarantee Business in Canada for the Year 1902.
OS
1*
Number of Poli-
cies, New and
Renewed.
Amount of Poli-
cies, New and
Renewed.
Number of Poli-
cies in force in
Canada at date
II
Losses incuri-ed
during the
Year.
I
s
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Un. settled
Claims.
.1
1-
1
American Surety
Dominion of Canada
Guarantee & Accident.
Employers' Liability . . .
Guarantee Co. of N. A. . .
London Guarantee and
%
10,975
16,851
26,393
26,762
44,454
1,062
1,168
3,984
3,142
3,076,908
4,436,796
5,734,087
9,039,278
11,255,516
941
1,116
3,610
2,914
2,639,220
3,271,592
5,229,623
7,655,828
10,841,966
1,024
3,000
8,126
2,013
3,152
660
None.
5,816
1,813
1,821
$
372
3,000
3,857
700
1,408
None.
None.
None .
None.
None.
Totals
125,435
33,542,585
29,638,229
17,315
10,110
9,337
None.
Abstract of Accident Business in Canada for the Year 1902.
Accident and Guarantee
4,315
1,965
1,929,500
1,936
1,782,500
406
406
None .
None.
Canada Accident
23,838
2,438
6,683,100
2,424
6,027,102
4,318
4,566
969
None.
Canadian Railway
Dominion of Canada
Guarantee & Accident.
134,624
131,249
12,540
12,166
17,271,974
22,598,782
10,980
12,113
15,236,841
22,164,616
58,635
45,495
56,662
43,908
8,984
8,892
None.
720
London Guarantee and
Accident
73,067
6,039
14,425,241
5,976
14,193,741
27,880
23,889
3,570
5,000
Employers' Liability ....
163,262
2,365
13,953,100
2,276
13,387,100
60,368
57,257
20,210
None.
Ocean Accident and
Guarantee
189,833
9,472
33,335,333
7,475
25,002,083
124,375
131,490
51,479
6,500
Ontario Accident
115,170
5,690
12,895,965
5,634
11,453,298
44,329
47,265
3,525,
None.
Sun ... . .
164
75,818
911,340
None.
5,162
None.
15,422,464
29
3,915
9,000
12,428,950
135
23,695
135
23,695
None.
8,500
None.
Travelers
None.
Totals
57,837
138,515,459
52,758
121,685,231
389,636
889,273
106,129
12,220
Abstract of Plate Glass Insurance in Canada for the Year 1902.
Canada Accident
15,440
20,509
44,750
6,915
87,614
1,563
1,419
3,291
1,991
3,132
6,962
970
5,094
8,048
20,150
2,947
4,791
8,048
20,150
2,346
781
None.
None.
610
None.
Dominion Plate Glass. . .
None.
Lloyds Plate Glass
144,646
None.
New York Plate Glass . .
85,300
None.
Totals
13,055
36,239
35,335
1,391
None.
ABSTRACT OF STATEMENTS
SESSIONAL PAPER No. 8
THE GUARANTEE COMPANY OF NORTH AMERICA.
CV
cies,
wed.
it
O c3
1
3
Unsettled
o
■||
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Claims.
05
nber of
ewand
ount of
ewand
ii
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^
%
P^
$
%
%
%
$
%
$
In Canada
26,762
9,039,278
7,655,828
2,013
1,813
700
None.
In other Coim tries
152,486
179,248
65,240,736
45,110,983
36,928
34,262
8,759
14,188
Totals
74,280,014
52,766,811
38,941
36,075
9,459
14,188
Abstract of Sickness Insurance
in Canada for the year ]
L902.
Accident and Guarantee
595
102,529
3,571
165
155
14,934
1,482
88
65,171
252
7,628
10,319
2,558
130,398
803
4,974
7,159
88 None.
65,1711 ....
295 7fi
None
None
Canada Accident
1,602
None
Canadian Railway Acci-
dent
8,275
13,316
2,611
129,830
688
6,085
6,717
None.
1,411
86
12,211
150
1,166
800
Dominion of Canada
Guarantee and Acci-
dent
Employer.s' Liability
"Independent Order of
6,436
163,447
2,087
1,167
3.355
470
785,537
323,848
1,167
28,123
470
785,537
None .
London Guarantee and
Accident.
Ocean Accident and
Guarantee.
323,848
None.
None
Ontario Accident
None
Totals
278,665
229,350
233,076
15,900
Abstract of Burglary Guarantee Business in Canada for the year 1902.
Dominion Burglary Guar-
antee Company.. ...
18,257
1,654
2,690,462
1,530
2,531,107
3,573
3,730
524
None.
Abstract of Steam Boiler Insurance in Canada for the year 1902.
Boiler Inspection and In
surance Company
30,264
710
2,366,475
1,352
' 5,357,275
2,880
2,886 None.
None.
Abstract of Inland Transit Insurance in (
Canada for the year 190
2.
British and Foreign
Marine .
8,978
2,075| 46,971,894
None.
None.
None.
1,150
None.
None.
Marine Insurance Co.. . . '
23,897
62,530,576
None.
None.
448
375
73
None.
Ocean Marine
219
33,094
72
1,464,300
None.
None.
None.
None.
None.
None.
Totals 1
]
110,906,770
None.
None.
448
1,525
73
None.
* Including funeral benefits.
CVl
DEPARTMENT OF FIXANCE— INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
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8,984
56,662
8,275
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15,236,841
10,980
10,980
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17,271,974
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SESSIONAL PAPER No. 8
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LIST OF COMPANIES
CXI
SESSIONAL PAPER No. 8
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STATEMENTS
OF
FIEE AND INLAND MARINE
INSURANCE COMPANIES
1^
8-1
2-3 EDWARD VII. SESSIONAL PAPER No. 8 A. 1903
LIST OF COMPANIES
BY WHICH THE BUSINESS OF FIRE INSURANCE WAS TRANSACTED
IN THE DOMINION DURING THE YEAR ENDED DECEMBER 31
1902.
The ^tna Insurance Company, Hartford, Conn.
The Alliance Assurance Company (Limited).
The Anglo-American Fire Insurance Company.
The Atlas Assurance Company (Limited).
The British America Assurance Company, Toronto.
The Caledonian Insurance Company.
The Canadian Fire Insurance Company.
The Commercial Union Assurance Company (Limited), London, England.
The Connecticut Fire Insurance Company, Hartford, Conn.
The Equity Fire Insurance Company.
The Guardian Assurance Company (Limited), London, England.
The Hartford Fire Insurance Company, Hartford, Conn.
The Home Insurance Company.
The Imperial Insurance Company (Limited), London, England.
The Insurance Company of North America.
The Lancashire Insurance Company.
The Law Union and Crown Insurance Company.
The Liverpool and London and Globe Insurance Company.
The London and Lancashire Fire Insurance Company.
The London Assurance.
The London Mutual Fire Insurance Company of Canada,
The Manchester Assurance Company.
The Mercantile Fire Insurance Company.
The National Assurance Company of Ireland.
The North British and Mercantile Insurance Company.
The Northern Assurance Company.
The Norwich Union Fire Insurance Society.
The Ottawa Fire Insurance Company.
The Phenix Insurance Company, Brooklyn, N.Y.
The Phoenix Assurance Company (Limited), London, England.
The Phoenix Insurance Company, Hartford, Conn., U.S.
The Quebec Fire Assurance Company.
The Queen Insurance Company of America.
The Royal Insurance Company.
The Scottish Union and National Insurance Company.
The Sun Insurance Office, London, England.
The Union Assurance Society, London, England.
The Western Assurance Company, Toronto.
LIST OF COMPANIES
BY WHICH THE BUSINESS OF INLAND MARINE INSURANCE WAS
TRANSACTED IN THE DOMINION DURING THE YEAR ENDED
DECEMBER 31, 1902.
The ^tna Insurance Company, Hartford, Conn.
The British America Assurance Company, Toronto.
The British and Foreign Marine Insurance Company (Limited).
The Insurance Company of North America.
The Marine Insurance Company (Limited).
The Western Assurance Company, Toronto.
8-li
2-3 EDWARD VII. SESSIONAL PAPER No. 8 A. 1903
THE ^TIJA INSURANCE COMPANY, HARTFORD, CONN., U.S.
Statement for the Year ending November 30, 1902.
President — Wm. B. Clark. | Secretary — W. H. King.
Principal Office — Hartford, Conn.
Head Office in Cwnac^a —Montreal. | Chief Agent in Canada — F. W. Evans.
(Incorporated, June 5, 1819. Commenced business in Canada, 1821.)
CAPITAL.
Amount of capital authorized . I 5,000,000 00
M subscribed for and paid up in cash 4,000,000 00
ASSETS IN CANADA.
Stocks, bonds, (tc, in deposit with the Receiver General, viz. : —
Par value. Market value.
Montreal Corporation stock $ 6,000 00 $ 6,660 00
Montreal Harbour bonds 4,000 00 4,320 00
Winnipeg City bonds 34,792 70 36,184 72
TownofWestmount bonds 50,000 00 50,500 00
City of Hamilton bonds 46,000 00 48,300 00
Total par and market values $140,792 70 $ 145,964 72
Carried out at market value ! . I 145,964 72
Cash in Molsons Bank 29,027 64
Cash in hands of agents in Canada 12,279 86
Total assets in Canada I 187,272 22
LIABILITIES IN CANADA.
Not amount of fire losses due and yet unpaid $ 8,073 89
II II claimed but not adjusted 11,07151
Total net amount of unsettled claims for fire losses in Canada, (|375 00 ,
of which accrued in previous year) $ 19,145 40
Reserve of unearned premiums for all outstanding fire risks in Canada. 135,406 07
Total liabilities in Canada $ 154,551 47
5
6 DEPARTMENT OF FINANGE-INSURASCE BRANCH
2-3 EDWARD VII., A. 1903
MllJ!lA-—Conti7iued.
INCOME IN CANADA.
For Fire Risks in Canada.
Gross cash received for premiums $240,167 84
Deduct reinsurance, rebate, abatement and return premiums 31,166 Q3
Net cash received for said premiums $ 209,001 16
For Inland Marhie Risks in Canada.
Net cash received for premiums $ 10,204 18
Total net caah received for premiums in Canada $ 219,205 34
Received for interest on bonds, stocks, mortgages, &c 7,011 60
Total cash income in Canada $ 226,216 94
EXPENDITURE IN CANADA.
For Fire Risks in Canada.
Paid during the year for fire losses occurring in previous years (which
losses were estimated in the last statement at $1,900) $ 1,892 40
Paid for fire losses occurring during the year 76,223 30
Total net amount paid during the year for fire losses in Canada.. $ 78,115 70
For Inland Marine Risks in Canada.
Amount paid for inland marine losses during the year $ 2,819 80
Total net amount paid during the year for fire and inland marine losses. $ 80,935 50
Paid for commission or brokerage in Canada . . , 42,907 83
M salaries, fees, &c 3,794 76
.1 taxes 2,957 28
II general expenses, viz. : — Stationery, $80.55; postage and ex-
change, $805.56; advertising, $131.82; travelling expenses,
$407.57 ; maps, $721.37 ; Underwriters' Association expenses,
$1,505.16; sundry payments, $303.34; legal expenses, $6.64.. 3,962 01
Total cash expenditure in Canada $ 134,557 38
RISKS AND PREMIUMS.
»
Fire Risks in Canada. No. Amount. Premiums.
Gross policies in force at date of last statement. . 11,620 $ 19,936,602 $ 249,142 32
Taken during the year, new and renewed 8,863 17,088,430 239,503 21
Total 20,483 $37,025,032 $488,645 53
Deduct terminated 8,049 15,935,964 217,107 85
Gross in force at date 12,434 $ 21,089,068 $ 271,537 68
Deduct reinsured 592,438 5,280 11
Net in force on November 30, 1902... 12,434 $ 20,496,630 266,257 57
Inland Marine Risks in Canada.
Taken during the year 162 $ 2,482,523 $ 10,204 18
Deduct terminated 162 2,482,523 10,204 18
Total number of policies in force in Canada at November 30, 1902, 12,434
Total net amount in force $20,496,630 00
Total premiums thereon 266,257 57
FIRE AND MARINE INSURANCE COMPANIES 7
SESSIONAL PAPER No. 8
^TN A — Continued.
General Business Statement for the Year ending December 31, 1902.
ledger assets.
Book value of real estate unencumbered % 188,241 74
Mortgage loans on real estate, first liens 12,600 00
Cash on hand and in banks 1,286,673 92
Agents' debit balances 495.032 40
Book value of stocks and bonds 10,166,214 30
I 12,148,762 36
Deduct agents' credit balances 466,511 78
Total net ledger assets % 11,682,250 58
NON LEDGER ASSETS.
Interest accrued 571 00
Market value of bonds and stocks over book value .... 2,71 1, 1 66 17
Net amount of uncollected premiums 629,847 56
Gross assets I 15,023,835 31
Deduct assets not admitted ' 74,314 33
Total admitted assets ; . . . $ 14,949,520 98
LIABILITIES.
Net amount of losses unpaid , $ 547,135 42
Amount of unearned premiums 4,046,662 70
Amount reclaimable on perpetual fire insurance policies 81, 180 48
Commission, brokerage and other charges due or to become due to
agents and brokers 157,461 89
Return premiums and reinsurance premiums 94,477 13
Total liabilities (except capital stock) I 4,926,917 62
Capital stock paid up in cash , $ 4,000,000 00
Divisible surplus 6,022,603 36
INCOME.
Net cash received from premiums other than perpetuals $ 5,347,696 01
Deposit premiums received on perpetual risks - . . 7,909 25
Received for interest and dividends 511,418 07
Received for rents 4,346 00
Profit on sale or maturity of ledger assets 47,483 10
All other income 1,098 26
Total income I 5,919,950 69
8 DEPARTMENT OF FINANCE— INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
^TN A— Conchided.
EXPENDITURE.
Net amount paid for losses | 2,710,617 06
Cash dividends paid stockholders 668,000 00
Commission or brokerage 880,583 04
Deposit premiums returned , 3,130 61
Loss on sales or maturity of ledger assets 11,817 61
Salaries, fees, etc., of officers, clerks and other employees 321,065 09
Taxes, licenses and Insurance Department fees 119,271 49
Miscellaneous 379,361 90
Total expenditure | 5,093,846 80
RISKS AND PREMIUMS.
Amount of policies taken during the year — Fire. . . , , $548,714,827 00
Premiums thereon 6,779,612 73
Amount of policies terminated — Fire 490,911,259 00
Premiums thereon 5,673,063 69
Net amount in force at end of year — Fire. . 618,180,544 00
Premiums thereon 7,516,073 55
Amount of policies taken during the year — Inland Marine $103,297,706 00
Premiums thereon 433, 100 91
Amount of policies terminated — Inland Marine 105,087,071 00
Premiums thereon 464,917 85
Net amount in force at end of year — Inland Marine 7,547,121 00
Premiums thereon 208,882 67
Perpetual risks wiitten during the year % 293,300 00
Deposits thereon 7,909 25
Perpetual risks cancelled 111,550 00
Deposits thereon 3,207 85
Perpetual risks in force at end of year .... 3,547,478 00
Deposits thereon 85,453 13
FIRE AND MARINE INSURANCE COMPANIES
SESSIONAL PAPER No. 8
THE ALLIANCE ASSURANCE COMPANY, LIMITED.
Statement for the Year ending December 31, 1902.
'Chairman — Rt. Hon. Lord Rothschild.
General Manager and Secretary —
Robert Lewis.
Principal Office — Bartholomew Lane, London, England.
(Jhief Agent in Canada —
P. M. WiCKHAM.
Head Office in Canada —
107 St. James St., Montreal.
(Established, August 4, 1824. Commenced business in Canada, March 1, 1892.)
CAPITAL.
Amount of capital authorized and subscribed for $25,550,000 00
Amount paid up in cash 3.726 .041 67
ASSETS IN CANADA.
Value of real estate held by the company, viz.: —
Building and ground situated corner St. James St. and Place d'Armes
Hill, Montreal $859,838 78
Building and ground situate corner Prince William St. and Market
Square, St. John, N.B 17,339 39
1377,178 17
Stocks, bonds, Szq., in deposit with the Receiver General : —
Par value.
Canada 3 per cent stock $213,809 00
Carried out at pai»- value 213,809 00
Cash at head office in Canada 493 79
Cash in Bank of Montreal 18,154 58
Cash in hands of agents in Canada 20,412 1 7
Rents due 601 65
Underwriter's guarantee deposit 250 00
Total assets in Canada $ 630,899 36
LIABILITIES IN CANADA.
Net amount of fire losses claimed but not adjusted $ 1,475 93
Total net amount of unsettled claims for fire losses in Canada f 1,475 93
Reserve of unearned premiums for all outstanding fire risks in Canada. 101,375 08
Total liabilities in Canada % 102,851 01
10 DEPA R TMENT OF FIN A NGE—JNS URA NGE BRA NGH
2-3 EDWARD VII., A. 1903
ALLIANCE — Continued.
INCOME IN CANADA.
Gross cash received for premiums $ 184,006 90
Deduct reinsurance, rebate, abatement and return premiums 36,626 36
Net cash received for premiums $ 147,380 54
Received for interest on stock, bonds, mortgages, ko, 6,414 27
Building income 37 32
Total income in Canada % 153,832 13
EXPENDITURE IN CANADA.
t
Amount paid durinj? the year for losses occurring in previous years (which
losses were estimated in last statement at $1,388.15) $ 1,630 91
Amount paid for losses occurring during the year $ 20,814 06
Deduct amount received for reinsurance 46 40
Net amount paid during the year for the said lesses % 20,767 66
Total net amount paid during the year for losses in Canada ... $ 22,398 57
Commission or brokerage in Canada 24,875 61
Salaries, fees and other charges of officials in Canada 14,511 94
Taxes in Canada • 2,739 57
Miscellaneous payments, viz.: — Rents, $1,908.86 ; postage and express,
.$843.81; stationery, $1,412.02; advertising, $161.94; travelling
expenses, $981.36; general office expenses, $1,948.83; agency dis-
bursements, $595.65; cables and telegrams, $160.09; bad debts,
$124.59 8,137 15
Total expenditure in Canada. $ 72,662 84
RISKS AND PREMIUMS.
Fire Risks in Canada. Amount. ^tWoi"*^
Gross policies in force at date of last statement $ 16,982,080 $ 182,191 40
Policies taken during the year, new and renewed 17,483,906 193,159 93
Total $ 34,465,986 $ 375,351 33
Deduct terminated 15,880,251 171,356 79
Gross in force at the end of the year $ 18,585,735 $ 203,994 54
Deduct reinsured 204,781 2,931 50
Net in force at December 31, 1902 $ 18,380,954 $201,063 04
Number of policies in force at date (No return.)
Total net amount in force $18,380,954 00
Total premiums thereon , 201,063 04
FIRE AND MARINE INSURANCE COMPANIES
11
SESSIONAL PAPER No. 8
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FIRE AND MARINE INSURANCE COMPANIES 15
SESSIONAL PAPER No. 8
THE ANGLO-AMERICAN FIRE INSURANCE COMPANY.
Statement for the Year ended December 31, 1902.
President — S. F. McKinnon. | Secretary — Armstrong Dean,
Principal Ojffice — Toronto.
(Incorporated March 13, 1899, by letters patent under the Ontario Insurance Act.
Commenced business March, 1899.)
CAPITAL.
Amount of joint stock capital authorized | 1,000,000 00
Amount subscribed for 480,100 00
Amount paid up in cash 91,780 00
(For List of Shareholders^ see Ap-pendix,)
ASSETS.
Stocks and bonds on deposit with Receiver General : —
Par value. Market value.
Town of Ingersoll debentures % 10,726 26 $ 11,036 22
Manitoba and South Eastern Railway bonds 40,392 78 43,363 07
Total par and market values % 51,119 04 $ 54,399 29
Carried out at market value % .54,399 29
■^Amount of loans on stocks and bonds held as collateral securities .... 83,456 64
Par value. Market value. Amount loaned.
50 shares Canadian General Electrics 5,000 00 $ 9,800 0^) % 8,500 00
296 .. Dominion Bank stock 14,800 00 36,556 00^
22 .. Twin City Rapid Transit. . . . 10,000 00 11,800 00 I .. ^^^ „.
75 „ Canadian Bank of Commerce \ ^^^^^^ ^^
stock 3,750 00 6,075 00 j
200 .1 Dominion Bank stock 1,200 00 2,964 00 1
210 ,. Twin City Rapid Transit.. . . 21,000 00 24,780 00 |
15 .. Trader's Bank stock 1,500 00 1,950 00 )■ 29,451 80
20 t. Ontal-io Bank stock 2,000 00 2,660 00 |
25 ,. Toronto Railway 2,500 00 2,925 00 j
% 61,750 00 % 99, .510 00 $ 83,450 64
Cash on hand at head office, 6,336 10
Cash in banks, viz.: — Molsons Bank, Toronto 33,651 21
Interest unpaid, accrued on stocks 621 63
Agents' balances 21,298 63
Amount due for reinsurance 2,759 37
Office furniture, maps, ko, 7,177 57
Total assets $ 209,700 44
* These loans were called in on December 31, 1902, and the cash, $83,456.64, paid into the Molsons
Bank. The same amount was re-loaned on January 2, 1903, upon the same securities.
14 DEPARTMENT OF FINAXCE— INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
ANGLO-AMERICAN YlKl^—Contiyiued.
LIABILITIES.
Net amount of fire losses claimed but not adjusted ^ . 4,265 00
Reserve of unearned premiums for outstanding fire risks in Canada. . , 145,725 45
Amount of all other liability — rebates and return premiums, $189.84 ;
reinsurance, $9,043 .30 9,233 14
Dividends declared and due and remaining unpaid . . . , ' 77 70
Total liabilities in Canada except capital stock $ 159,301 29
Surplus on policy holders account $ 50,399 15
INCOME.
Gross cash received for premiums $ .329,100 72
Deduct reinsurance, &c 104,697 30
Net cash received for fire premiums $ 224,463 42
Received for interest and dividends 5,029 69
Total $ 229,493 11
Received for calls on capital 6,620 00
Total income $ 236,113 11
EXPENDITURE.
Net amount paid during the year for losses occurring in previous years
(which losses were estimated in the last statement at $3,409.72) % 3,409 72
Amount paid for losses occurring during the year 144,128 95
Deduct amount received fur reinsurance . . 42,333 09
Net amount paid during the year for said losses % 101,795 86
Total net amount paid for fire losses ^ 105,205 58
Amount of dividends paid stockholders during the year 5,883 50
Commission or brokerage 38,136 43
Salaries, fees and all other charges of officials 16,473 59
Taxes 2,031 42
Miscellaneous payments, viz.: — General expenses, $2,142.07; postage,
$1,697.03 ; lighting, $148.30 ; office supplies, books, &c., $2,095,90 ;
travelHng expenses, $2,793.83 ; rent. $2,400 ; telegrams and tele-
phones, $576.46 ; advertising, $1,995.11 ; exchange, $182.66 ; office
furniture and Goad's plans, $2,030.41 ; commission on stock, $75. 16,136 77
Total cash expenditure $ 183,867 29
FIRE AND MARINE INSURANCE COMPANIES 15
SESSIONAL PAPER No. 8
ANGLO-AMERICAN ¥1^-^— Concluded.
CASH ACCOUNT.
1901. - Dr.
Deo. 31. To balance in hand and in banks at this date f 70,978 36
1902.
Dec. 31. To income as above 236,113 11
Received from realization of investment 208 58
Received from other sources 1119
$ 307,311 24
1902. Cr.
Dec. 31. By expenditure during year as above I 183,867 29
By investments 83,456 64
Balance in hand and in banks at this date 39,987 31
i 307,311 24
RISKS AND PREMIUMS.
No. Amount. I;-"-^
Grobs policies in force at December 31, 1901 13,205 $ 18,008,256 % 2.39,158 93
Taken during the year— new and renewed 16,368 24,044,786 334,873 01
I
Total 29,573 $42,053,042 $574,03194
Deduct terminated 9,841 15,918,256 224,390 76
Gross in force at end of year 19,732 $ 26,134,786 $ 349,641 18
Deduct reinsurance 4,921,868 74,873 12
Net in force at December 31, 1902 19,732 $ 21,212,918 $ 274,768 06
16 DEPARTMENT OF FINANCE-INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
THE ATLAS ASSURANCE COMPANY (LIMITED).
Statement for the Year ending December 31, 1902-
Secretary — Samuel J. Pipkin.
Chief Agent in Canada — M. C. Hinshaw.
Principal Office — London, Eng.
Head Office in Canada — Montreal.
(Established in 1808. Commenced business in Canada, March 7, 1887.)
capital.
Amount of joint stock capital authorized and sub-
scribed for £ 1,200,000 = J$ 5,840,000 00
Amount paid up in cash 144,000 = 700,800 00
assets in CANADA.
Stocks and bonds : —
Canada 3J per cent inscribed stock % 82,733 33 -"$ 84,388 00
New South Wales 3^ per cent inscribed stock 48,066 67 49,640 00
Newfoundland Govt, inscribed stock 48,666 67 49,640 00
Total par and market values . , . .$ 180,066 67 $ 183,668 <X)
Carried out at market value $ 183,668 00
(The above being on deposit with the Receiver General.)
Cash in Bank of British North America 33,447 18
Amount of cash in hands of agents in Canada 25,815 01
Special deposit, C.F.U.A 250 00
Office furniture, plans, &c 5,000 00
Total assets in Canada | 248,180 19
liabilities in CANADA.
Net amount of losses claimed but not adjusted $ 14,2.55 65
Total net amount of unsettled claims for losses in Canada $ 14,255 65
Reserve of unearned premiums for all outstanding risks in Canada. . . 180,849 32
Total liabilities in Canada % 195,104 97
income in CANADA.
Gross cash received for premiums % 314,390 86
Deduct reinsurance, rebate, abatement and return premiums 29,594 41
Net cash received for premiums I 284,796 45
Received for interest on bonds, stocks, mortgages, Ac 4,599 00
Interest 365 20
Total income in Canada $ 289,760 65
\
FIRE AND MARINE INSURANCE COMPANIES 17
SESSIONAL PAPER No. 8
ATLAS ASSURANCE COMl^ ANY— Continued. '
EXPENDITURE IN CANADA.
Amount paid for losses occurring in previous years (which losses were
estimated in the last statement at $20,338.12) $ 19,043 33
Amount paid for losses occurring during the yaar , . .$ 122,872 75
Deduct amount received for reinsurance 598 07
Net amount paid during the year for said losses $ 122,274 68
Total net amount paid during the year for losses in Canada $ 141,318 01
Commission or brokerage [48,286 32
Salaries, fees and all other charges of officials 11,670 97
Taxes 3,475 85
Miscellaneous payments, viz : — Office charges, $1,833.01 ; stationery
and printing, $1,151.29; advertising, $942.65; maps and block
plans, $1,169.96; postage, express and telegrams, $1,032.74;
travelling, $1,006.30; office rent and charges, $1,565.33 ; agents'
charges, $1,265.13 ; Board of Underwriters, $2,509.32 ; furniture
and plant, $299.85 ; law charges, $112.04 12,887 62
Total expenditure in Canada $ 217,638 77
RISKS AND PREMIUMS.
Fire Risks in Canada. Amount. "^tWeorT^
Gross policies in force at date of last statement $ 19,007,337 $ 286,358 87
Taken during the year — new and renewed 20,097,712 319,567 14
Total $ 39,105,049 $605,926 01
Deduct terminated 16,744,149 260,592 02
Gross in force at end of year $ 22,360,900 $345,333 99
Deduct reinsured 271,059 3,515 68
Net in force, December 31, 1902 $ 22,089,841 $ 341,818 31
Number of policies in force at date (No return.)
Total net amount in force $ 22,089,841 00
Total premiums thereon 341,818 31
General Business Statement for the Year ending December 31, 1902.
In the Fire Department the net premiums were £516,093 7s. 6d., and the losses amounted to
£271,457 2s. 3d., being 52*6 % of the premiums. The balance of the year's revenue after providing for the
increased liability consequent upon increased income, is £33,645. 15s. 8d. which has been carried to profit
and loss account.
The profit and loss account shows a balance of £ 53,859 2 0
which the directors have resolved to apply in the following manner, viz. —
Dividend of 24s. per share for the year 1902, free of income tax £ 28,800 0 0
Addition to the fire fund 25,000 0 0
It reserve fund 59 2 0
On account of the above dividend the sum of 5s. per share was paid on Sep-
tember 26 last, the balance of 19s. per share will be paid on April 1,
jjgjj^ ^ ggg 2 0
The fire and reserve funds will then be £540,577. 5s. 6d, and the total assets. ..... 2,543!597 2 2
18
DEPARTMENT OF FINANCE— INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
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DEPARTMENT OF FINANCE— INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
THE BRITISH AMERICA ASSURANCE COMPANY.
Statement for the Year ending December 31, 1902.
President — Hon. Geo. A. Cox. | Secretary — P. H. Sims.
Principal Office— 18, 20 and 22 Front St. East, Toronto.
(Incorporated, February 13, 1833; amended in 1901 by 1 Edward YII., chap. 90.
Commenced business in Canada, June 19, 1833.)
CAPITAL.
Amount of joint stock capital authorized, subscribed for and paid up in
cash I 1,000,000 00
(For List of Shareholders, see Appendix.)
ASSETS.
Yalue of real estate held by the company, viz. : —
Company's premises, corner Front and Scott Streets, Toronto . .
Loans secured by mortgages and bonds, on which not more than one
year's interest is due, constituting a first lien on real estate ....
Stocks and bonds owned by company :-
United States and State Bonds .—
United States bonds
Georgia State m
New Mexico m
Par value. Market value.
210,000 00 $ 228,375 00
10,000 00 11,600 00
10,000 00 11,200 00
Total $ 230,000 00 $ 251,175 00
Bonds .
Municipal Bonds and Debentures :
City of London, Ont.,
Winnipeg, Man.
Kingston, Ont.
Richmond, Va.
Toledo, Ohio
Riverside, Cal.
Brooklyn, N.Y.
Colorado Springs, Col
Montreal, Que.
St. Catharines, Ont.
New York corporate stock
159,000 00
$ 163,844 90
29,000 00
29,903 30
37,000 00
38,868 57
26,300 00
28,809 94
10,000 00
11,450 00
35,000 00
29,250 00
30,000 00
32,475 00
25,000 00
26,562 50
5,000 00
5,287 00
15,000 00
15,000 00
170,000 00
178,925 00
8 531,300 00 $ 559,876 21
140,000 00
10,000 00
Mexican Government silver bonds *$ 10,000 00 $ 9,900 ,00
*In Mexican money, $20,000.
FIRE AND MARINE INSURANCE COMPANIES 21
SESSIONAL PAPER No. 8
BRITISH A^m^lQK— Continued.
Loan Company and other Bonds and Stocks : —
Toronto Electric Light Co.'s bonds $ 20,000 00 $ 20,000 00
Canada Permanent and Western Canada Mortgage Co.
stock 8,940 00 10,728 00
Canadian Northern Railway Co. bonds 45,000 00 44,550 00
Baltimore and Ohio Railway Co. bonds 50,000 00 50,815 00
New York and West Shore Railway Co. bonds 12,000 00 13,470 00
Rochester Railway Co. bonds 25,000 00 27,500 00
Toronto Hotel Col bonds 10,000 00 10,000 00
Dominion Savings and Investment Society stock 5,500 00 3,877 50
Central Canada Loan and Savings Company deben-
tures 32,000 00 32,000 00
British American Insurance Co. of New York stock . . 46,000 00 69,000 00
Toronto Savings and Loan Company debentures 50,000 00 50,000 00
$ 304,440 00 $ 331,940 50
Total par and market values $1,075,740 00 $ 1,152,891 71
Carried out at market value : $ 1,152,891 71
Cash in hand at head office 553 02
Cash in banks, namely —
Canadian Bank of Commerce, New York $ 7,767 42
Trustees' Account 100,24186
Toronto 6,579 00
Total 114,588 28
Special deposit, C.F.U. A 50 00
Interest due and unpaid on stocks and bonds, not included in market
value 8,870 70
Interest accrued and unpaid on stocks and bonds, not included in
market value 4,979 51
Agents' balances 396,414 27
Bills receivable 7,001 00
Sundry, viz.: —
Office furniture $ 33,774 73
Rents due and accrued ... 1,086 03
34,860 76
Total assets I 1,870,209 25
LIABILITIES.
(1.) Liabilities in Canada.
For Fire Bisks.
Net amount of fire losses adjusted but not due $ 10,865 21
II claimed but not adjusted ... 8,473 47
M resisted — not in suit 700 00
Total net amount of unsettled claims for fire losses in Canada (of which
11,303 accrued previous to 1902) $ 20,038 68
For Inland Marine Risks.
Net amount of inland marine losses claimed but not adjusted $ 866 00
ti II adjusted but not due 650 88
Total net amount of unsettled claims for inland marine losses in Canada
(of which $866 accrued previous to 1902) 1,516 88
For Marine (Ocean) Risks.
Net amount of ocean losses claimed but not adjusted $ 5,044 00
Total net amount of unsettled claims for ocean losses in Canada 5,044 00
Total net amount of unsettled claims for losses in Canada I 26,599 56
22 DEPARTMENT OF FINANCE— INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
BRITISH AMEBICX— Continued.
Liabilities in Canada — Continued.
Reserve of unearned premiums for all outstanding risks in Canada : —
Fire $312,455 08
Ocean time hulls 29,162 00
Ocean cargo ... 2,588 00
Total reserve of unearned premiums for risks in Canada $ 344,205 08
Dividends declared and due but unpaid 5,479 12
Total liabilities, excluding capital stock, in Canada $ 376,283 76
(2.) Liabilities in other Countries.
For Fire Bisks.
Net amount for fire lospes adjusted but not due $ 21,578 61
II 1, olaimed but not adjusted 60,422 95
II II reported after close of books 15,650 00
II 11 resisted — in suit 7,544 89
Total unsettled fire losses (of which $7,137.32 accrued previous to 1902). . . $105,196 45
For Inland Marine Risks.
Net amount of inland marine losses adjusted but not due $ 2,274 14
I. claimed but not adjusted ... , 6,380 32
Total unsettled inland marine losses (of which $3,449.03 accrued previous
to 1902) $ 8,654 46
For Marine (Ocean) Risks.
Net amount of ocean losses claimed but not adjusted $ 7,108 49
Total unsettled ocean losses (of which $427.13 accrued previous to 1902) . . $ 7,108 49
Total net amount of unsettled claims for losses in other countries | 120,959 40
Reserve of unearned premiums, viz. : —
Fire $830,310 92
Inland marine 26,274 57
Ocean time hulls . 17,699 71
Ocean cargo 1,500 86
Total 875,786 06
Total liabilities in other countries $ 996,745 46
Total liabilities, excluding capital stock, in all countries. $1,373,029 22
Surplus on policy-holders' account $ 497,180 03
INCOME.
For Fire Risks. In Canada. CmintHes
Gross cash received for premiums $592,511 10 $ 1.746,267 OS
Deduct reinsurance, rebate, abatement and return premiums 177,664 50 474,529 65
Net cash received for fire premiums $414,846 60 $ 1,271,738 03
For Inland Marine Risks.
Gross cash received for premiums $ 20,582 61 $ 206,548 04
Deductreinsurance, rebate, abatement and return premiums 11,193 60 36,578 99
Net cash received for inland marine premiums $ 9,389 01 $ 169,969 05
FIRE AND MARINE INSURANCE COMPANIES 2S
SESSIONAL PAPER No. 8
BRITISH AMWRICX— Continued,
For Ocean Risks.
Gross cash received for premiums $146,097 48 $ 110,052 01
Deduct reinsurance, &c 4,772 83 12,294 38
Net cash received for ocean premiums $141,324 65 $ 97,757 63:
Total net cash received for premiums $565,560 26 $ 1,539,464 71
Total net cash received for premiums in all countries $ 2,105,024 9T
Received for interest on bonds and mortgages 31,877 43
Received for rents 3,611 24
Total cash income I 2,140,513 64
EXPENDITURE.
For Fire Risks. In Canada. ^^^^^^.^
Amount paid during the year for losses occurring in pre-
vious years (which losses were estimated in the last
statement at $85,641.55) $ 27,132 34 $ 68,800 09
Deduct savings and salvage $ 238 45
Deduct amount received for reinsurance 14,414 36
Total deductions 8,643 01 6,009 80
Net amount paid during the year for said losses $ 18,489 33 $ 62,790 2i>
Paid for losses occurring during the year $184,906 72 $ 784,551 29
Deduct savings and salvage $ 2,217 21
Deduct amount received for reinsurance 126,650 61
Total deductions , 43,324 44 85,543 38
Net amount paid for said losses $141,582 28 $ 699,007 91
Total net amount paid during the year for fire losses $160,071 61 $ 761,798 20
For Inland Marine Risks.
Amount paid during the year for losses occurrmg m pre-
vious years (which losses were estimated in the last
statement at $12,302.69) $, 5,068 39 $ 37,752 15
Deduct savings and salvage and reinsurance. 786 28 18,462 22
Net amount paid during the year for said losses $ 4,282 11 $ 19,289 93
Paid for losses occurring during the year $ 11,983 77 $ 143,909 22
Deduct savings and salvage $ 7,407 09
Deduct reinsurance 17,652 21
Total deductions 9,241 63 15,817 67
Net amount paid for said losses $ 2,742 14 $ 128,091 55
Total net amount paid during the year for inland marine
losses $ 7,024 25 $147,38148
2i DEPA R TMENT OF FIN A NGE- INS URA NCE BRA NCH
2-3 EDWARD VII., A. 1903
BRITISH AM.'E.^IC A— Continued.
Total net amount paid during the year for fire and inland marine losses, viz : —
In Canada $167,095 86
In other countries 909,179 68
Total I 1,076,275 54
Net amount paid during the year for ocean losses 189,779 54
Paid for dividends on-capital stock at 6 per cent 59,859 00
Commission or brokerage 386,154 65
Salaries, fees and all other charges of officials 91,933 53
Taxes 51,336 47
Miscellaneous payments, viz.: — Adjustment expenses, $13,566.19;
exchange, $2,345 . 16 ; board expenses and fire patrol, $29, 964. 69;
postage, $14,528.12; advertising, $11,004.44; office furniture,
$704 . 77 ; maps, $6,283 . 65 ; office expenses, $9,616 . 13 ; auditors
and trustees, $710 ; travelling, $2,783 . 51 ; directors' compensation,
$4,200; printing and stationery, $11,559.47; specials, $73,594.38;
telegraph and express, $3,133.89; legal, $1,315.95; repairs to
building, $257.93; various, $34,213.03 219,781 31
Total cash expenditure $ 2,075,120 04
CASH ACCOUNT.
1901. Dr,
Dec. 31. To balance on hand and in banks at this date $ 61,273 25
1902.
Dec. 31. To income as above 2,140,513 64
Received from realization of investments 200,210 00
$ 2,401,996 89
1902. Cr.
Dec. 31. By expenditure during the year as above $ 2,075,120 04
Investments , 211,685 55.
Balance in hand and in banks at this date 115,191 30
I 2,401,996 89
FIRE AND MARINE INSURANCE COMPANIES
SESSIONAL PAPER No. 8
BRITISH AM^^IQK— Concluded.
25
RISKS AND PREMIUMS.
b
In Canada.
In other Countries.
Total in all Countries.
Amount.
Premiums.
Amount.
Premiums.
Amount.
Premiums.
Fire Bisks.
*Gross ixjlicies in force at
date of last statement .
Taken during the year-
new and renewed ...
48,380,884
40,556,916
$ cts.
620,365 01
606.427 65
171,303,572
172,968,660
$ cts.
1,696,250 03
1,794,719 56
219,684,456
213,525,576
$ cts.
2,316,615 04
2,401,147 21
Total
88,937,800
37,053,891
1,226,792 66
525,461 73
344,272,232
162,063,336
3.490,969 59
1,644,469 01
433,210,032
199,117,227
4,717,762 25
Deduct terminated
2,169,930 74
•Gross in force at end of
51,883,909
7,776,895
701,330 93
125,381 66
182,208,896
29,679,913
1,846,500 58
222,116 77
234,092,805
37,456,808
2,547,831 51
Deduct remsured
347,498 43
Net in force at December
31, 1902
44,107,014
575,949 27
152,528,983
1,624,383 81
196,635,997
2,200,333 08
Inland Marine Bisks.
Gross policies in force at
date of last statement. , .
2,711,565
27,317,184
51,279 54
203,835 63
2,711,565
29,419,045
51,279 54
Taken during the year
2,101,861
21,053 00
224,888 63
Total
2,101,861
2,101,861
21,053 00
21,053 00
30,028,749
27,100,541
255,115 17
202,566 02
32,130,610
29,202,402
276,168 17
Deduct terminated
223,619 02
-Gross and net in force at
December 31 1902
2,928,208
52,549 15
2,928,208 52,549 15
Ocean Bisks.
■Gross policies in force at
date of last statement . . .
Taken during the year
2,483,365
14,952,110
45,390 24
150,670 14
891 411
4,612;092
42,904 65
113,680 19
3,374,776
19,564,202
88,294 89
264,350 33
Total
17,435,475
15,264,067
2,171,408
196,060 38
135,148 38
60,912 00
5,503,503
4,532,695
156,584 84
119,684 56
22,938,978
19,796,762
352,645 22
Deduct terminated
254,832 94
•Gross and net in force at
December 31, 1902
970,808
36,900 28
3,142,216
97,812 28
Total number of policies in force (No return.)
Total net amount in force 1202,706,421 00
Total premiums thereon 2,350,694 51
I
26 DEPARTMENT OF FINANGE-INSURANCE BRANCH
"2-3 EDWARD VII., A. 190a
THE CALEDONIAN INSURANCE COMPANY.
Statement for the Year ending December 31, 1902.
Freaident and General Manager —
David Deuchar, RI.A. & F.RA.
Joint Secretaries —
R. Chapman,
R. Hill Stewart.
Principal Office — Edinburgh.
Manager in Canada — Lansing Lewis. | Head Office in Canada — Montreal.
(Organized in 1805. Incorporated, June 18, 1846. Commenced business
in Canada, September, 1883.)
capital.
Amount of joint stock capital authorized, £1,000,000 $ 4,866,666 67
Amount subscribed for, £537,500 2,615,833 33
Amount paid up in cash, £107,500 523,166 67
assets in CANADA.
Stocks and bonds : —
Par value. Market value.
City of Toronto 6 per cent (1904) bonds $ 29,200 00 8 29,784 00
4 n (1913) „ 7,300 00 7,537 25
Canada 4 per cent reduced stock 4,866 67 5,122 17
City of Montreal 4 per cent debenture stock 48,666 67 51,976 00
City of Toronto 4 per cent (1924) bonds 13,972 19 14,761 62
(1925) 38,933 33 41,172 00
City of Quebec 5 per cent (1913) ,. 24,333 33 26,584 16
Montreal R, C. School 4 per cent bonds maturing in
1926 15,000 00 15,885 00
Montreal Permanent 3 p.c. debenture stock 15,086 67 13,578 00
Total par and market values $ 197,358 86 $ 206,400 20
Carried out at market value $
206,400 20>
954 32:
60,540 15
(The above being on deposit with the Receiver General.)
Cash at head office in Canada
Cash in bank : —
Molsons Bank, Montreal $ 4,498 50
,1 (on deposit) 56,041 65
Total .
Cash in hands of agents in Canada
Insurance maps and plans
Office furniture
18,031 57
5,000 00-
1,000 00
Total assets in Canada $
291,926 24
FIRE AND MARINE INSURANCE COMPANIES 27
SESSIONAL PAPER No. 8
CAL^D0:^1A^— Continued.
LIABILITIES IN CANADA.
Net amount of losses in Canada claimed but not adjusted .S 13,177 05
Total net amount of unsettled claims for fire losses in Canada $ 13,177 05
Reserve of unearned premiums for all outstanding risks in Canada. . . . 179,820 71
Commission on uncollected premiums in agents' hands 3,172 36
Total liabilities in Canada $ 196,170 12
INCOME IN CANADA.
Gross cash received for premiums $ 298,566 84
Deduct reinsurance, rebate, abatement and return premiums 37,985 32
Net cash received for premiums I 260,581 52
Received for interest and dividends on bonds and stocks 7,970 82
Interest on bank accounts and bonds 1,345 75
Total income in Canada $ 269,898 09
EXPENDITURE IN CANADA.
Amount paid during the year for losses occurring in previous years (which
losses were estimated in the last statement at $5,726.11) § 4,508 46
Deduct amount received for reinsurance 56 11
Net amount paid during the year for said losses $ 4,452 35
Amount paid for losses occurring during the year $ 99,410 36
Deduct amount received for reinsurance 1,870 29
Net amount paid during the year for said losses , $ 97,540 07
Total net amount paid during the year for losses in Canada $ 101,992 42
Commission or brokerage 45,723 12
Salaries, fees and all other charges of officials in Canada 12,543 10
Paid for taxes in Canada 4,233 79
Miscellaneous payments, viz.: — Printing and stationery, $981.96;
travelling expenses, $991.70; advertising, $885.19; postage and
exchange, $1,443.43; rent, $1,725.04;. plans, $900.45; charges
and law costs, $1,106.38 ; board expenses, $2,278.87 ; office furni-
ture, $45.50 ; total, $10,358.52 ; less endorsement fees, $352.25. . 10,006 27
Total expenditure in Canada $ 174,498 70
RISKS AND PREMIUMS.
Fire Risks in Canada. No. Amount. Premiums
thereon.
Gross policies at date of last statement 18,870 § 27,883,928 .§343,762 78
Policies taken during the year (new) 6,243 12,242,306 166,58349
.1 .. (renewed) 5,357 9,450,739 130,419 61
Total 30,470 $ 49,576,973 $ 640,765 88
Deduct terminated 10,945 21,037,157 281,533 41
Gross in force at end of year 19,525 % 28, 539, 81(5 $ 359,232 47
Deduct reinsured .... . 580,341 8,219 19
Net in force on December 31, 1902 19,525 $ 27,959,475 S 351,013 28
I
Total number of policies in force in Canada 19,525
Total net amount in force $27,959,475 00
Total premiums thereon 351,013 28
28
DEPARTMENT OF FINANCE—INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
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30 DEPARTMENT OF FINANCE— INSURANCE BRANCH
. 2-3 EDWARD VII., A. 1903
THE CANADIAN FIRE INSURANCE COMPANY.
Statement for the Year ending December 31, 1902.
President — J as. H. Ashdown. | Secretary — Fred. W. Pace.
Chief Agent — R. T. Riley. | Head Office — Winnipeg, Man.
(Incorporated by Act of the Legislature of the Province of Manitoba, Chapter 53 of the
Statutes of 1887, amended by Chapter 49 of the Statutes of 1895. Incorporated
by Act of the Parliament of the Dominion of Canada, 60-61 Victoria, Chapter 76.
Licensed to transact business in Canada, September 1, 1897.)
CAPITAL.
Amount of joint stock capital authorized and subscribed for $ 500,000 00
Amount paid up in cash 125,000 00
(For List of Stockholders, see Ajypendix.)
assets.
Stocks and bonds owned by the company : —
Par value. Market value.
*Canada 4 per cent stock $ 26,000 00 $ 26,239 20
* „ 24,000 00 24,220 80
Western Canada Loan Co. debentures 20,000 00 20,000 00
Central Canada Loan and Savings Co. debentures. . 10,000 00 10,000 00
Canada Landed and National Investment Co. deben-
tures 10,000 00 10,000 00
Huron and Erie Loan and Savings Co. debentures... 20,000 00 20,000 00
Swan Lake School District debentures 150 00 150 00
St. Vital M .. 1,050 00 1,150 00
Home Investment Loan and Saving Co. debentures. 20,000 00 20,000 00
Dominion Permanent Loan and Savings Co. .. 10,000 00 10,000 GO
Canada Permanent and Western Canada Mortgage
Corix)ration 50,000 00 50,000 00
Hamilton Provident and Loan Society debentures. . 20,000 00 20,000 00
Total par and market values.^ 211,200 00 $ 211,760 00
Carried out at market value % 211,760 00
Cash on hand at head office 3,824 1 1
Cash in banks, viz : —
Union Bank of Canada, Winnipeg $61,278 13
Bank of Ottawa, Winnipeg. 21,763 48
Total 83,041 61
Interest accrued and unpaid on stock 1,963 45
Agents' balances 18,167 10
Office furniture and fixtures 4,161 35
Total assets | 322,917 62
^In deposit with the Receiver General.
FIRE AND MARINE INSURANCE COMPANIES
■SESSIONAL PAPER No. 8
CANADIAN ^IKE— Continued.
31
LIABILITIES.
Amount of losses claimed but not adjusted.
Reserve of unearned premiums
Total liabilities (not including capital stock)
Surplus on policy-holders' account
% 1,433 61
110,991 33
I 112,424 94
$ 210,492 68
INCOME.
In other
Countries.
^Gross cash received for premiums .$ 247,969 64 $10,918 26
Deduct reinsurance, rebate, abatement and return premiums 85,293 48
In Canada.
Net cash received for premiums $ 162,676 16 $ 10,918 26
Total net cash received for premiums in all countries.
Cash received for interest and dividends
Total
173,594 42
8,878 80
182,473 22
Received for calls on capital. .
II increased capital.
110 00
15,000 00
15,110 00
Total cash income % 197,583 22
EXPENDITURE.
In Canada.
Amount paid for losses occurring in previous years (which
losses were estimated in the last statement at Sl,668.79).$
1,668 79
In other
Countries.
Amount paid for losses occurring during the year $ 76,643 43 $ 1,615 52
Deduct amount received for reinsurance 18,769 59
^et amount paid during the year for said losses S 57,873 84 $ 1,615 52
Total net amount paid during the year for fire losses % 59,542 63 $ 1,615 52
Total net amount paid during the year for losses
Amount of dividends and bonus paid stockholders during the year.. . .
Paid for commission or brokerage
" salaries, fees and all other charges of officials
" taxes
Sundry payments : — Printing and stationery, $1,030.23 ; postage and
telegrams, $949.46 ; charges, $973.93 ; advertising, $280.04; rent,
$1,139.89; travelling expenses, $1,698.13; legal expenses, $375.72;
Board fees, $482.26 ; adjustment fees, $1,166.30 ; office furniture
and fixtures, $1,013.57
61,158 15
25,284 08
20,704 82
13,461 02
2,067 27
9,109 53
Total cash expenditure $ 131,784 87
32 DEPARTMENT OF FINANCE— INSURANCE BRANCH
2-3 EDWARD VII., A. 190^
CANADIAN YIKE.—Go7icluded,
CASH ACCOUNT.
1901. Dr.
Dec. 31. To balance on hand and in banks $ 60,407 37
1902.
Dec. 31. To Income as above 197,583 22
Received from realization of investments 660 00
$ 258,650 59
1902. Cr.
Dec. 31. By Expenditure as above $ 131,784 87
Investments 40,000 00-
Balance on hand and in bank 86,865 72;
$ 258,650 59^
RISKS AND PREMIUMS.
In Canada.
In other Countries.
Total in all Countries..
Amount.
Premiums.
Amount.
Premiums.
Amount.
Premiums.
Gross policies in force at
date of last statement. .
Taken during the year-
new
Taken during the year-
renewed
11,212,555
6,911,779
4,804,121
$ cts.
205,320 12
130,556 46
82,777 77
881,253
329,473
552,756
$ cts.
11,566 37
5,020 08
5,898 18
12,093,808
7,241,252
5,356,877
$ cts..
216,886 49>
135,576 54
88,675 95-
Total
22,928,455
8,977,849
418,654 35
169,472 28
1,763,482
881,253
22,484 63
11,566 37
24,691,937
9,859,102
441,138 98
181,038 65
Deduct terminated . , . ,
Gross in force at end of
year
T~)pHnpt rpinsiirpd
13,950,606
2,613,417
249,182 07
47,651 75
882,229
10,918 26
14,832,835
2,613,417
260,100 3S
47,651 75
Net in force at Dec. 31,
1902 .
11,337,189
201,530 32
882,229
10,918 26
12,219,418
212,448 58-
Number of policies in force at date No return.
Net amount in force I 12,219,418 00
Premiums thereon 21 2,448 58-
FIRE AND MARINE INSURANCE COMPANIES 33
SESSIONAL PAPER No. 8
THE COMMERCIAL UNION ASSURANCE COMPANY (LIMITED),
LONDON, ENGLAND.
Statement for the Year ending December 31, 1902.
Chairman — Sir Jas. F. Garrick, K.C,
Y.C.M.G.
Principal Office — London, England.
Secretary — Henry Mann.
Chief Agent in Canada — Jas. McGregor
Head Office in Canada — Montreal.
(Established, September 28, 1861. Commenced business in Canada, September 11, 1863.]
capital.
Amount of capital authorized and subscribed for £2,500,000 stg.= 112,166,666 67
Amount of capital paid up in cash 250,000 stg.:= 1,216,666 67
I
assets in CANADA (fIRE AND MARINE DEPARTMENT).
Amount of loans in Canada secured by bonds, stocks or other market-
able collaterals | 2,000 00
Stocks, bonds, &c., in deposit with the Receiver General, viz.: —
I Par Value. Market value.
Canada 4 per cent stock % 106,580 00 % 107,592 00
Queensland 4 per cent loan, 1878 73,000 00 73,000 00
Swedish 2>h per cent bonds 58,400 00 58,400 00
British consolidated stock 48,667 00 45,382 00
Canada 3 per cent stock.. 24,333 00 24,576 00
. Ceylon Government 3 per cent stock 29,200 00 28,1 78 00
Total par and market values .$ 340,180 00 .$ 337,128 00
Carried out at market value 337,128 00
Cash on hand at head office in Canada 16 99
Cash in banks, viz.: —
Bank of British North America, Winnipeg. ,$ 8,047 93
Bank of British North America, Montreal 20,37<') 78
Total carried out 28,424 71
Cash deposit with C. F. U. A 250 00
Agents' balances 37,034 27
Bills receivable 103 27
Approximate value of block plans 4,500 00
Office furniture 1,800 00
Total assets in Canada (exclusive of assets of life branch) $ 411,257 24
S— 3
34 DEPABTMENT OF FINANCE— INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
COMMERCIAL V 1^10^— Co7itinued.
LIABILITIES IN CANADA (fIRE AND MARINE DEPARTMENT).
Net amount of fire losses in Canada, due and yet unpaid $ 3,821 00
II II .1 adjusted but not due 5,139 50
I. II II claimed but not adjusted 18,897 59
II II II resisted, in suit 2,500 00
Total net amount of unsettled claims for fire losses in Canada % 29,858 09
Reserve of unearned premiums for fire losses in Canada 315,872 27
Due for reinsurance and other accounts 1,548 11
Total liabilities in Canada % 347,278 47
INCOME IN CANADA.
For Fire Risks in Canada.
Gross cash received tor fire premiums $ 520, G04 41
Deduct reinsurance, rebate, abatement and return premiums 78,435 64
Net cash received for premiums
Received for interest on bonds, stocks, mortgages, ko,
Total cash income in Canada
442,168 77
.12,286 52
454,455 29
EXPENDITURE IN CANADA.
For Fire Risks i^i Canada.
Paid during the year for fire losses and loss expenses occurring in previous
years (which losses were estimated in the last statement at $38,271.91)$ 36,267 32
Less amount received for savings and salvage and reinsurance 83 15
Net amount paid during the year for said losses and expenses $ 36,184 17
Paid for losses and loss expenses occurring during the year $ 119,971 62
Less amount received for savings and salvage and reinsurance 2,372 27
Net amount paid for said losses and expenses $ 117,599 35
Total net* amount paid during the year for fire losses and loss expenses .
Commission or brokerage
Salaries, fees and other charges of officials in Canada
Taxes in Canada
Miscellaneous payments, viz.: — Rent, $1,884.24 ; travelling and surveys,
$3,641.04; stationery and printing, $2,122.47; advertising and
subscriptions, $968.13; postage, telegrams, ttc, $2,076.68; office
expenses, $2,617.37; legal expenses, $1,029.36 ; underwriters' asso-
ciations, $3,989.48 ; block plans, $1,170.50 ; sundries, $809.25. . .
Total cash expenditure in Canada
153,783 52
75,404 77
17,832 20
6,239 64
20,308 52
$ 273,568 65
FIRE AND MARINE INSURANCE COMPANIES 35
SESSIONAL PAPER No. 8
COMMERCIAL V ^101^— Continued.
RISKS AND PREMIUMS.
Fire Bisks in Canada. No. Amount. Premiums
thereon.
Gross policies in force at date of last statement. . . 31,719 S 46,618,265 $ 629,127 22
Taken during the year— new and renewed 19,744 35,690,398 512,509 37
Total 51,463 S 82,308,663 $1,141,636 59
Deduct terminated. 19,377 35, 161 ,"601 480,20131
Gross in force at end of year 32,086 $ 47.147,062 $ 661,435 28
Deduct reinsured 2,403,737 34,327 36
Net in force at December 31, 1902 32,086 S 44,743,325 $ 627,107 92
Total number of policies in force in Canada at date 32,086
Total net amount in force ; $ 44,743,325 00
Total premiums thereon 627,107 92
General Business Statement for the Year ended December 31, 1902.
FIRE* revenue account.
. . £ s d. £ s. d.
Amount of fire fund at the beginning Losses paid and outscanding, after
of the year 1,377,798 13 8 deduction of reinsurances 876,507 2 0
Premiums, after deduction of re- Commission and brokerage 260,642 0 8
insurances 1,740,052 8 5 Contributions to fire brigades 11,298 12 11
Interest 41,757 10 0 State charges— foreign 27,610 17 2
Expenses of management 279,341 12 11
Bad debts 306 19 10
Appropriation to Palatine purchase 105,000 0 0
Amount to profit and loss . 60,000 0 0
Amount of fire fund at the end of
the year 1,538,901 6 7
£3,159,608 12 1 £3,159^08l2~l
marine revenue account.
£ s. d. ^ £ s. d.
Amount of marine fund at the be- Losses paid and outstanding, after
ginning of the year 389,992 14 7 deduction of reinsurances 98,586 1 11
Premiums, after" deduction of re- Expenses of management 38,271 16 9
insurances, discounts, and returns. 229,104 5 6 Subscriptions to Lloyd's and re-
Interest 12,568 10 6 gister books 624 10 0
Underwriters' and managers' com-
missions . 5,409 16 3
Bad debts 6.50 13 4
Amount to profit and loss 50,000 0 0
, Amount of marine fund at the end
of the year 438,122 12 4
£631,665 10 7 £631,665lo~7
I
profit and loss account.
£ «• d. £ 8. d.
Balance of last year's account 143,210 11 4 Dividend paid 7th May 50,000 0 0
Intel est and dividends not carried to Interim dividend paid 7th Nov. . . 37,500 0 0
departmental accounts . . 41,419 12 10 Interest on Westof England deben-
Amount transferred from fire depart- ture stock . 11,262 2 6
ment 60,000 0 0 Interest on Palatine debenture
Amount transferred from marine de- stock . . 10,211 3 0
partment 50,000 0 0 Inrome tax on profits ... 8,127 5 10
Transfer fees 53 0 0 Alterations .tnd repairs at head
oHice and branches— Expendi-
ture during the year 6,558 8 3
Cost of businesses acquired 7,63*J 17 7
Guarantee and pension fund 1 1,646 6 0
Balance carried to next year's
account .' 151,738 1 0
£294,683 4 2 _£294,683 4^^
H
DEPARTMENT OF FINANCE-INSURANCE BRANCH
2-3 LDWARD V!l., A. 1903
COMMERCIAL V^lO^—CoTicluded.
Balance Sheet of the Company at December 31, 1902.
Liahilitics.
Shareholders' capital —
Subscribed— 50,000 shares of £50
each £'2,500,000 0 0
1 10
0 0
(! 5
0 0
6 7
Paidui) 250,000 0 0
W. ofEiiprland4p.c. term.deb. stock. 300,000 0 0
Palatine " " . 272,000 0 0
Terminable debentures issued by
Palatine of Manchester 30,000 0 0
Balance of aj^propriation for pay-
ment of Palatine purchase 29,344
(General reserve fund 200,000
Investment reserve fund 26,868
(xuarantee and pension fund 50,000
Fire fuud I,538,fi01
Life account, as per separate balance
sheet 2,657,580 0 6
Marine fund 438,122 12 4
Accident fimd .38,600 15 2
Profit and loss account . . 151,738 1 0
Leasehold redemption and sinking
fund 1,863 17 10
Bills payable 5,654 11 4
Unclaimed dividends and interest . . 607 17 1
Perpetual premiums and fire deposits 18,023 19 10
Interest received in advance of due
dates 468 18 0
Temporary deposit by life depart-
ment 12,942 19 11
Amounts due to agents and others . . 5,999 19 5
Outstanding losses—
Fire 170,412 0 0
Marine. . . , 7,023 0 0
Accident 14,590 2 7
Amounts due to other companies
for reinsurances 148,723 7 5
Assets. £ s. d.
Mortgages on proi)erty within the
United Kingdom 30,348 14 4
Mortgages on property out of the
United Kingdom 89,889 19 0
Mortgages on rates raised under
Acts of Parliament. 18,525 15 1
Loans upon life interests and rever-
sions 4,100 0 0
Loans upon personal security. ... 2,072 15 8
Life investments and outstanding
accounts, as per separate balance
sheet 2,657,580 0 6
Investments-
British government securities. . . 134,187 17 5
Indian and colonial government
securities 214,134 11 6
Colonial municipal securities ... 70, 172 18 3
Foreign government securities. . 165,767 8 2
United States government secu-
rities 193,354 17 S
.. railway bonds.. .. 430,250 8 9
11 railway stocks 54,548 0 0
II municipal securities . . 173,376 0 2
Railway and other debentures
and debenture stocks. 306,517 14 4
Railway and other stocks and
shares 165,861 5 3
Freehold premises at home and
abroad, partly occupied as offices
of the company, and partly
producing revenue 646,963 15 4
Leasehold pffemises i, ., . . 20,751 4 9
Branch, agency and other balances 453,962 18 11
Amounts due by other companies
for reinsurances and losses 103,910 12 9
Contribution of expenses due by
West of England life fund 2,819 17 1
Outstanding premiums — Fire 15,154 18 0
Marine.. 30,390 9 0
Accident 959 8 I
Outstanding interest . . 4,667 6 8
Cash— On deposit 128,335 2 5
With bankers and in hand. 229,699 0 4
Bills receivable 20,616 18 9
Stamps in hand 545 19 4
£6,369,465 17 6
£6,369,465 17 6
FIRE AND MARINE INSURANCE COMPANIES 37
SESSIONAL PAPER No. 8
THE CONNECTICUT FIRE INSURANCE COMPANY, HARTFORD, CONN
Statement for the Year ending December 31, 1902.
President — J. D. Browne. | Secretary — Charles R. Burt.
Chief Agents in Canada — Dewar & Bethune.
Principal Office — Hartford, Conn. | Head Office in Canada — Ottawa.
(Incorporated, June, 1850. Commenced business in Canada, 1^86.)
capital.
Amount of capital authorized, subscribed for and paid up in cash $ 1,000,000 00
ASSETS IN CANADA.
Canada 4 per cent stock in deposit with Receiver General — Par value,
1100,000 ; market value I 100,000 00
Agents' balances in Canada 5,863 45
Total assets in Canada $ 105,863 45
LIABILITIES IN CANADA.
Net amount of losses in Canada adjusted but not due % 478 48
M claimed but not adjusted 2,570 00
Total net amount of unsettled claims for fire losses in Canada | 3,048 48
Reserve of unearned premiums for all outstanding risks in Canada .... 39,074 06
Total liabilities in Canada $ 42,122 54
INCOME IN CANADA.
Gross cash received for premiums $ 67,209 58
Deduct reinsurances, rebate, abatement and return premiums 8,119 33
Net cash received for premiums $ 59,090 25
Received for interest or dividends on stock 4,000 00
Total income in Canada I 63,090 25
38 DEPARTMENT OF FIN ANGB— INSURANCE BRANCH
2-3 EDWARD VM., A. 1S03
CONNECTICUT YIV.^— Continued.
EXPENDITURE IN CANADA.
Amount paid for losses occurring in previous years (which losses were
estimated in the last statement at $13,084.71) $ 10,092 17
Deduct reinsurance 7 06
Net amount paid for said losses -S 10,085 1 1
Amount paid for losses occurring during the year $ 17,0S2 28
Deduct amount received for reinsurance 77 00
Net amount paid during the year for the said losses. . . S 17,005 28
Total net amount paid during the. year for losses . = $ 27,090 39
Commission or brokerage 10,816 29
Taxes , 1,511 80
Miscellaneous payments, viz.: — Postage, express, telegraph, exchange,
cfec, $299.10 ; adjustment and travelling expenses. .$272.28 ; adver-
tising, $63.05 ; underwriters' associations, $434.73 ; miscellaneoifs,
$419.56 1,488 72
Total expenditure in Canada . . . ; $ 40,907 20
RISKS AND PREMIUMS.
Fire Risks in Canada. Amount. '^hereon"^
Gross policies in force at date of last statement $ 5,395,263 $ 79,794 40
Policies taken during the year— new and renewed 4,040,103 65,429 94
Total % 9,435,366 $ 145,224 34
Deduct terminated 4,176,016 64,408 85
Gross in force at end of year % 5,259,350 $ 80,815 49
Deduct reinsurance 271,291 3,118 97
Net in force at December 31, 1902 .$ 4,988,059 $ 77,696 52
Number of policies in force at date (No return.)
Total net amount in force $ 4,988,059 00
Total premiums thereon 77,696 52
General Business Statement for the Year ending December 31, 1902.
LEDGER assets.
Book value of real estate unencumbered $ 146,950 00
Mortgage loans on real estate 1,345,950 00
Book value of stocks and bonds 2,557,354 08
Cash on hand and in banks 282,165 92
Bills receivable and agents' debit balances . 113,01 1 65
Total $ 4,445,431 65
NON-LEDGER ASSETS.
Market value of bonds and stocks over book value 163,244 92
Net amount of uncollected premiums not more than three months due. 137,290 00
Grossassets $ 4,745,966 57
Deduct assets not admitted .• 11,174 74
Total admitted assets $ 4,734,791 83
FIRE AND MARINE INSURANCE COMPANIES 39
SESSIONAL PAPER No. 8
CONNECTICUT I^IKE— Concluded.
LIABILITIES.
Net amount of unpaid losses $ 230,970 47
Unearned premiums , 2,301,185 61
Total liabilities, excluding capital stock $ 2,532,156 08
Joint stock capital paid up in cash . . . , $ 1,000,000 00
Divisible surplus 1,202,635 75
INCOME.
Net cash received for premiums , | 2,693,204 28
Interest and dividends 165,073 81
Rents 5,874 .50
Profit on sale or maturity of ledger assets 8,946 91
Total income $ 2,873,099 50
EXPENDITURE.
Net amount paid for losses $ 1,41 1,630 65
Dividends to stockholders 100,000 00
Commission or brokerage 552,020 74
Rents 10,607 54
Salaries, fees and all other charges of ofiicials . 174,435 43
Taxes, licenses and Insurance Department fees 89,910 78
Miscellaneous 1 66,954 46
Total cash expenditure $ 2,505,559 60
RISKS AND PREMIUMS.
FWe Risks. •
Written or renewed during the year $248,557,002 00
Premiums thereon 3,242,820 33
Terminated during the year 215,077,671 00
Premiums thereon 2,663,844 65
Net in force, December 31, 1902 360,832,246 00
Premiums thereon 4,397,416 60
40 DEPARTMENT OF FINANCE-INSURANCE BRANCH
2-3 EDWARD VII., A, 1903
THE EQUITY FIRE INSURANCE COMPANY.
Statement for the Year ending December 31, 1902.
President — Thomas Crawford, M.P.P. | ChieJ Agent — Wm. G. Brown.
Principal Office — Toronto.
(Incorporated by letters patent bearing date January 29, 1898 ; commenced business in
Ontario, January 29, 1898; Dominion license issued, July 1, 1901.)
capital.
Amount of joint stock or guarantee capital authorized I 1,000,000 00
Amount subscribed for 500,000 00
Atoount paid up 50,000 00
(For List of Shareholders, see Appendix.)
assets,
Bonds in deposit with the Receiver General, viz.: —
Par value. Market value.
City of Toronto bonds $ 41,853 33 % 41,694 80
Town of Woodstock bonds 11,000 00 11,382 12
Total par and market values $ 52,853 33 $ 53,076 92
Carried out at market value $ 53,076 92
Loans secured by bonds and mortgages, first liens 20,000 00
Cash at head office 710 45
Cash in banks, viz.: —
Imperial Bank % 20,850 52
Sovereign Bank 2,414 83
23,265 35
Interest accrued and unpaid on loans, $185 ; other interest accrued, $52 237 00
Agents' balances 13,875 57
Plans and furniture 4,264 63
Reinsurance on claims 1,128 83
Sundry accounts 155 54
Total assets I 116,714 29
FIRE AND MARINE INSURANCE COMPANIES 41
SESSIONAL PAPER No. 8
EQUITY YIR^— Continued. ~
LIABILITIES.
Net amount of losses adiusted but not due ... ... % 750 70
,t ti claimed but not adjusted 550 75
n It rep^orted or supposed, but not claimed 2,000 00
M I. resisted, not in suit 1,000 00
Total net amount of unsettled claims for fire losses in Canada ($1,000
of which accrued in previous year) $ 4,301 45
Reserve af unearned premiums for all outstanding risks in Canada ... . 78,581 54
Reinsurances unpaid 1,700 00
Cancellation rebates unpaid 1,387 55
Total liabilities I 85,970 54
Capital stock paid up in cash and notes $ 50,000 00
INCOME.
Gross cash received for premiums $ 173,522 95
Deduct reiiasurance, rebate, abatement and return premiums. .... . . . . 45,857 46
Net cash received for premiums % 127,665 49
Received for interest and dividends on bonds, stocks, &c 2,934 02
Total income I 130,599 51
EXPENDITURE.
Amount paid during the year for losses occurring in previous years (which
losses were estimated in the last .statement at $3,130.99) $ 3,274 48
Amount paid for losses occurring during the year . . $ 64,620 68
Deduct savings and salvage and reinsurance 12,819 87
Net amount paid for said losses $ 51,800 81
Total net amount paid during the year for losses $ 55,075 29
Amount of dividends paid during the year at 6 per cent 3,000 00
Paid for commission or brokerage 23,863 89
Paid for salaries, fees and all other charges of officials 13.875 25
Paid for taxes 2,310 99
All other expenditure, viz. :— ^Printing, $1,789.94; postage, $1,058.32;
advertising, $1,255.61 ; legal expenses, $405.83; guarantee bonds,
$174.50; mercantile agency, $95.35; adjustment expenses,
$1,101.28 ; agency expenses, $632.95 ; travelling expenses, $884.59 ;
rent, $470.31 ; discount and exchange, $163.67 ; telephone, $63.50 ;
office furniture, $113 ; plans, $892.65 9,101 50
Total expenditure $ 107,226 92
CASH ACCOUNT.
1901. Dr. 1902. Cr.
Dec. 31— To balance in hand and in Dec. 31— By Expenditure as above $ 107,226 92
banks at date $ 603 21 ' Balance in hand and in
1902. banks at date 23,975 80
Dec. 31— To income as above 130,599 51
S 131,202 72 $ 131,202 72
42 DEPARTMENT OF FINANCE-INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
EQUITY ¥I'R^—Co7tcluded. '
RISKS AND PREMIUMS.
No. Amount,
Premiums
thereon.
Policies in force at date of last statement 8,870 $ 10,847,531 t 131,820 28
Taken during the year— now and renewed 9,654 12,758,917 172,295 72
Total 18,524 $ 23,006,498 $ 304,122 00
Deduct terminated 6,717 9,843,258 124,302 32
Gross in force at end of year 11,807 $13,763,240 $179,819 68
Deduct reinsured 1,926,731 30,135 86
Net in force at Deceniber 31, 1902 11,807 $ 11,836,509 $ 149,683 82
Total number of policies in force in Canada at date 11,807
Total net amount in force $11,836,509 00
Total premiums thereon 149,68.3 82
FIRE AND MARINE INSURANCE COMPANIES
SESSIONAL PAPER No. 8
43
THE GUARDIAN ASSURANCE COMPANY (LIMITED).
Statement for the Year ending December 31, 1902.
Chairman — Hon. EvelynJHubbard.
Ma:na(jer Fire Dept. — A. J. Relton.
Principal Office — London, England.
Chief Agent in Canada — E. P. Heaton.
Head Office in Canada — Montreal.
(Established, December 17, 1821. Commenced business in Canada, May 1, 1869.)
capital.
Amount of joint stock capital authorized and subscribed
for £2,000,000 stg. = % 9,733,333 33
Amount paid up in cash 1,000,000 " = 4,866,666 67
ASSETS IN CANADA.
Value of real estate (unencumbered) in Canada (building 181 St James
Street, Montreal, and new building) $ 258,000 00
Stocks, bonds or debentures owned by the company, viz : —
In deposit \oith Receiver General — f*ar value.
Canada 4 per cent guaranteed loan (1910) $ 138,700 00
Intercolonial Railway 5 per cent guaranteed loan (1903) 53,533 53
Dominion of Canada 4 per cent inscribed stock 73,000 00
Cote St. Antoine (Westmount) bonds 30,000 00
Canadian Northern Ry. 4 per cent bonds 26,766 67
Market value.
$ 151,183 00
57,816 00
78,110 00
31,500 00
27,569 65
Total .$322,000 00 $346,178 65
In control of Company. —
Province of Quebec inscribed stock i
Canadian Northern Railway bonds
City of Winnipeg 5 per cent bonds
\ St. Louis du Mile End 4 per cent bonds
Brantford 4 per cent bonds
Maisonneuvs 5 per cent bonds .
St. Henry 4^ per cent bonds
Montreal R. C. School 4 per cent bonds
Town of St. Louis 4 per cent bonds
Town of C6te St. Antoine (Westmount) 4 per cent bonds
City of St. Henri 4 per cent bonds
Province of Manitoba 4 per cent gold bonds
48,666 67
S 44,530 00
21,900 00
22,557 00
14,000 00
16,520 00
10,000 00
10,200 00
10,000 00
10,260 00
7,000 00
8,435 00
6,000 00
6,495 00
15,000 00
15,885 00
10,000.00
10,200 00
.5,000 00
5,250 00
15,000 00.
15,660 00
8,000 00
8,696 00
Total $170,566 67 $174,688 00
Total par and market values $ 492,566 67 $ 520,866 65
Carried out at market value . .
Cash on hand at head office in Canada
520,866 65
9,205 51
44 DEPARTMENT OF FINANCE— INSURANCE BRANCH
2-3 EDWARD VII., A 1903
GVAKDlK^—Co7itinued.
Cash in banks, viz. : —
Molsons Bank, special $ 10,000 00
Molsons Bank 13,544 31
Bank of British North America 9,867 15
$ 33,411 46
Less overdraft, Manager's account 461 25
Total cash in banks $ ' 32,950 21
Special deposit, C.F.U. A 250 00
Cash in hands of agents in Canada 68,461 35
Interest accrued : 2,085 96
Total assets in Canada $ 891,819 68
LIABILITIES IN CANADA.
Net amount of losses claimed but not adjusted ($1,267.21 of which accrued
in previous years) $ 28,434 59
Net amount of losses resisted, in suit (accrued in previous years) 2,500 00
Total net amount of unsettled claims for losses in Canada I 30,934 59
Reserve of unearned premiums for all outstanding fire risks in Canada.. 304,767 01
Total liabilities in Canada I 335,701 60
INCOME IN CANADA.
Gross cash received for fire premiums $ 511,544 72
Deduct reinsurance, rebate, abatement and return premiums ... 65,936 78
Net cash received for fire premiums % 445,607 94
Received for interest on stocks, bonds, mortgages, &c 6,660 80
Interest paid direct to head office, England ! . . 11,104 65
Total income in Canada $ 463,373 39
EXPENDITURE IN CANADA.
Paid during the year for losses occurring in previous years (which losses
were es«imated in the last statement at $26,932 . 29) .... _ $ 23,800 07
Deduct amount received for savings and salvage and for reinsurance 106 21
Net amount paid during the year for said losses ... $ 23,693 86
Paid for losses occurring during the year $ 179,940 19
Deduct amount received for savings and salvage and for reinsurance 5,196 07
Net amount paid during the year for said losses $ 174,744 12
Total net amount paid during the year for fire losses % 198,437 98
Commission or brokerage . 79,81 1 66
Salaries, fees, and all other charges of officials in Canada 25,807 50
Taxes 5,243 84
FIEE AND MARINE INSURANCE COMPANIES 45
SESSIONAL PAPER No. 8
QVA^jyiK^— Concluded.
Miscellaneous payments, viz : — Dominion Government assessment,
$187.39 ; travelling expenses, $4,318.53 ; tariff association charges,
$4,007,59; advertising, $1,918.95; postage, $2,435.07; printing
and stationery, $5,152.12; maps and plans, $1,571.05; office
furniture, $523.73 ; rents, $3,008.70 ; gas, water, light, Ac, $65.24 ;
sundries, $1,356.64 ; legal expenses, $420.90 ; commercial agencies,
$200 ; exchange and telephone, $288.96 25,45 1 87
Total cash expenditure in Canada $ 334,755 85
RISKS AND PREMIUMS.
Fire Risks in Canada No. Amoant.
Premiums
thereon.
Gross policies in force at date of last statement. . 27.437 -S 42,404,422 S 563.388 01
Taken during the year— new and renewed 18,458 34,599,010 524,294 78
Total ...' 45,895 $ 77,003,432 $1,087,683 39
Deduct terminated 18,145 32,660,627 470,648 70
Gross in force at end of year 27,750 $ 44,342,805 § 617,034 69
Deduct reinsured 1,565,286 11,228 22
Net in force at December 31, 1902 27,750 $ 42,777,519 -S 595,806 47
Total number of policies in force in Canada at date 27,750
Total net amount in force , $42,777,519 00
Total premiums thereon 595,806 47
(Fo7^ General Business Statement , see Ajypendia:.)
46 DEPARTMENT OF FINANCE— INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
THE HARTFORD FIRE INSURANCE COMPANY.
Statement for the Year ending December 31, 1902.
President — Geo. L. Chase. |' ' Secretary — P. C. Royce.
Prhicipal O^ce— Hartford, Conn., U.S.
Chief Agent iri Canada — Head Office in Canada — Toronto.
Peter A. McCallum.
(Incorporated, May, 1810. Commenced business in Canada, November, 1836.)
CAPITAL.
Amount of capital authorized % 3,000,000 00
Subscribed for and paid up in cash 1,250,000 00
ASSETS IN CANADA.
Stocks and bonds on deposit with Receiver General —
Par value. Market value.
Montreal Corporation 4 per cent stock $ 62,500 00 $ 67,500 00
Ontario Bank stock, 43^ shares 4,333 34 5,633 33
Bank of Montreal stock, 100 shares 20,000 00 54,000 00
City of Toronto debentures 39,906 66 40,704 79
% 126,740 00 % 167,838 12
Carried out at market value $ 167,838 12
Cash in Imperial Bank, Toronto 32,425 88
Cash in hands of asrents in Canada 16,255 51
Total assets in Canada % 216,519 51
LIABILITIES IN CANADA.
Net amount of fire losses in Canada, adjusted but not due $ 14,920 51
Total net amount of unsettled claims for fire losses in Canada $ 14,920 51
Reserve of unearned premiums for all outstanding fire risks in Canada. 145,871 .28
Total liabilities in Canada •. . . $ 160,791 79
INCOME IN CANADA.
Gross cash received for premiums $ 248,754 48
Deduct reinsurance, rebate, abatement and return premiums, . . 24,952 66
Net cash received for fire premiums % 223,801 82
II interest and dividends 10,146 18
Total cash income in Canada % 233,948 00
FIRE AND MARINE INSURANCE COMPANIES 47
SESSIONAL PAPER No. 8
HARTFORD FIRE INSURANCE COMTA^ Y— Continued.
EXPENDITURE IN CANADA.
Paid during the year for fire losses occurring in previous years (which
losses were estimated in last statement at ^11,%1 .08) $ 11,444 72
Paid for fire losses occurring during the year , 59,377 09
Total net amount paid during the year for fire losses $ 70,821 81
Commission or brokerage 38,388 27
Salaries, fees, &c . 7,771 28
Taxes in Canada 2,962 50
Miscellaneous payments, viz. :— Postage, telegrams, exchange and express,
$891 .70 ; stationery, printing and office supplies, including duty,
$306.52; subscription to mercantile agency, maps and sundries,
$174 . 77 ; travelling expenses, $715.79 ; office rent,clerks' travelling-
expenses and supervision of Manitoba business, $2,815.49 ; rent,
clerks and other expenses at Montreal and Toronto offices,
$1,397 . 14 ; expenses of associations and boards, $1,704 .90 8,006 31
Total expenditure in Canada. $ 127,950 17
RISKS AND PREMIUMS.
Fire Eisks in Canada. Amount.
Premiums
thereon.
Gross policies in force at date of last statement $ 22,348,271 $ 288,930 12
Taken during the year— new and renewed 10,199,431 246,943 54
Total $ 38,547,702 $ 53.5,873 66
Deduct terminated 17,410,839 242,222 82
Gross in force at end of year $ 21,136,863 $ 293,650 84
Deduct reinsured 216,247 2,335 28
Net in force at December 31, 1902 $ 20,920,616 $ 291,315 56
Total number of policies in force in Canada at date (No return.)
Total net amount in force $20,920,616 00
Total premiums thereon 291,315 56
General Business Statement for the Year ending December 31, 1902.
LEDGER assets.
Book value of real estate unencumbered
Loans on mortgages of real estate
Loans secured by pledge of bonds, stocks or other collaterals
Book value of stocks and bonds
Cash in hand and in banks
Agents' balances
Printing plant
Total ledger assets $11,036,858
NON-LEDGER ASSETS
Interest due and accrued . . . .
Rents accrued
Due from various. companies for reinsurance on paid losses ,
Market value of real estate over book value
Market value of bonds and stocks over book value
Gross uncollected premiums 1,066,919 00
$ 902,940
77
781,869
00
4,800
00
7,584,301
98
815,948
22
922,823
87
24,175
15
$11,036,858
99
10,507
40
1,710
94
10,597
49
47,559
23
1,269,610
19
Total $13,443,763 24
Deduct items not admitted 202 87
Total net assets $13,443,560 37
48 DEPARTMENT OF FINANCE— INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
HARTFORD FIRE INSURANCE COM? X-^Y— Concluded. •
LIABILITIES.
Net amount of unpaid losses $ 827,805 40
Unearned premiums 7,812,840 94
Commissions, brokerage and other charges due or to become due to
agents and brokers • 136,032 30
Return premiums 235,728 00
Total liabilities | 9,012,406 64
Capital stock paid up in cash $ 1,250,000 00
Divisible surplus 3,181,153 73
INCOME.
Net cash received for premiums . . . . , | 9,621,469 04
Interest and dividends ._ 367,248 26
Rents 16,958 47
Profit on sale or maturity of ledger assets. 22,158 24
From agency balances 425 20
Total cash income 110,028,259 21
EXPENDITURE.
Net amount paid for losses | 5,466,684 61
Interest or dividends to stockholders 400,000 00
Commission or brokerage 1,692,993 75
Salaries, fees and other charges of officers, clerks and other employees.. 719,185 38
Taxes, licenses and insurance department fees ' 272,379 25
Loss on sale or maturity of ledger assets. -. 62,323 75
Agency balances marked off 3,404 85
Paid reinsuring companies under treaty 22,517 87
General expenses 612,152 58
Total cash expenditure $ 9,251,642 04
RISKS AND PREMIUMS FIRE RISKS.
Amount of policies written or renewed during the year $903,586,409 00
Premiums thereon 12,010,586 93
Amount terminated during the year , 923,765,675 00
Premiums thereon = 1 1,074,754 47
Net amount in force, December 31, 1902 1,285,842,496 00
Premiums thereon 15,377,793 45
FIRE AND MARINE INSURANCE COMPANIES 49
SESSIONAL PAPER No. 8
THE HOME INSURANCE COMPANY,
Statement for the Eleven Months ending November 30, 1902.
Areunah M. Burtis
President — John H. Washburn.
Secretari:s ^ ^^j -„- ^.
William H. Cheney.
Principal Office — New York.
Chief Agent in Cancida — F. W. Evans. | Head Office in Canada — Montreal .
(Incorporated, 1853. Commenced business in Canada, January 1, 1902.)
CAPITAL.
Amount of capital authorized, subscribed for and paid up in cash $ 3,000,000
ASSETS IN CANADA.
Bonds in deposit with the Receiver General —
U. S. 4 per cent registered bonds, par value, $100,000 ; market value,
1135,000.
Carried out at market value $ 135,000 00
Agents' balances and outstanding premiums in Canada 12,028 91
Total assets in Canada $ 147,028 91
LIABILITIES IN CANADA.
Net amount of losses in Canada due and yet unpaid , $5,019 49
II II claimed but not adjusted , 5 50
Total net amount of unsettled claims for fire losses in Canada $ 5,024 99
Reserve of unearned premiums for all outstanding fire risks in Canada. 47,765 94
Total liabilities in Canada $ 52,790 93
income in CANADA.
Gross cash received for premiums | 91,164 68
Deduct reinsurance, rebate, abatement and return premiums 8,887 70
Net cash received for fire premiums | 82,276 98
Interest on bonds 3,000 00
Total income in Canada during the year I 85,276 98
8—4 .
50 DEPARTMENT OF FIXANCE— INSURANCE BRANCH
2-3 EDWARD VII., A 1903
HOME — Continued.
EXPENDITURE IN CANADA.
Amount paid for losses occurring during the year $ 1,793 70
Commission or brokerage in Canada 18,959 91
Salaries, fees and all other charges of officials in Canada ... 2,149 70
Taxes in Canada 931 72
All other payments and expenditures in Canada, viz.: — Stationery,
$67.95 ; postage, express, telegrams and exchange, $555.83 ; adver-
tising, $245.74 ; maps, $2,505.09 ; Underwriters' Association,
$98.40 ; sundries, $200 ; travelling expenses, $37.34 3,710 35
Total expenditure in Canada $ 27,545 38
RISKS AND PREMIUMS.
Fire Risks in Canada. No. Amount. ■^the^eoJT^
Policies taken during the year 2,588 $ 6,803,292 $ 103,193 59
Deduct policies terminated 399 1,222,766 14,352 12
Gross in force at date 2,189 % 5,580,526 $ 88,841 47
Deduct reinsured 5,500 135 62
Net in force at November 30, 1902 2,189 5,575,026 88,705 85
General Business Statement for the Year ending December 31, 1902.
INCOME.
Total premium income $ 7,303,276 10
Received for interest and dividends 466,096 67
Received for rents 167,274 63
Profit on sale or maturity of ledger assets 672,007 50
Income from other sources 341,830 85
Total income $ 8,950,485 75
DISBURSEMENTS.
Net amount paid for losses $ 3,487,623 71
Paid stockholders for interest or dividends 420,000 00
Commission or brokerage 1,184,506 44
Salaries, fees and all other charges of officials 434,493 34
Rents 58,192 33
Taxes, licenses and Insurance Department fees 179,555 76
All other disbursements 623,484 28
Total disbursements $ 6,387,855 86
LEDGER assets.
Book value of real estate unencumbered $ 1,593,892 06
Mortgage loans on real estate, first liens 112,750 00
Book value of bonds and stocks owned 11,470,622 80
Cash on hand and in banks 972,574 33
Agents' balances 994,200 93
Bills receivable 175 00
Total ledger assets $ 15,144,215 12
FIRE AND MARINE INSURANCE COMPANIES 51
SESSIONAL PAPER No. 8
HOWE— Concluded.
NON-LEDGER ASSETS.
Interest due and accrued f 9,315 79
Market value of bonds and stocks over book value ... 2,017,802 88
Gross assets $ 17.171,333 79
Deduct assets not admitted $ ' 62,698 67
Total admitted assets 1 17,108,635 12
LIABILITIES.
Net amount of unpaid losses and claims . ... $ 757,114 48
Total unearned premiums 5,986,873 00
Salaries, rents, expenses, &c., due and accrued , 75,000 00
Commission and brokerage, due and accrued 163,848 17
Reinsurance premiums 689,760 78
Total liabilities $ 7,672,596 43
Capital stock paid up- in cash $ 3,000,000 00
Gross divisible surplus I 6,436,038 69
RISKS AND PREMIUMS.
Fire Risks.
Amount of policies written or renewed duiing the year I 1,046,614,153 00
Premiums thereon ... 10,628,215 27
Amount of policies terminated during the year • 925,503,952 00
Premiums thereon 8,588,522 27
Net amount of policies in force at December 31, 1902 1,076,070,140 00
Premiums thereon 11,013,113 00
Marine and Inland Risks.
Amount of policies written or renewed during the year f 65,283,683 00
Premiums thereon 556,997 26
Amount of policies terminated during the year 65,409,045 00
Premiums thereon 557,932 26
Net amount in force at December 31, 1902 13,916,870 00
Premiums thereon 391,393 00
'-4i
52 DEPARTMENT OF FINANGE^INSURANCE BRANCH
2-3 EDWARD VI L A. 1903
THE IMPERIAL INSURANCE COMPANY, LIMITED.
Statement for the Year ending December 31, 1902.
Chairman^ — Rt. Hon. Lord Rothschild. | General Manager — Robert Lewis.
Principal Office — London, England.
Resident Manager in Canada — Head Office in Canada — Montreal
P. M. WiCKHAM.
(Established, February 12, 1803. Commenced business in Canada, 1864.)
CAPITAL.
A.inount of joint stock capital authorized (including £400,000 capitalized
profits) £1,600,000 stg. = $ 7,786,666 67
Amount subscribed for 1,200,000 .. 5,840,000 00
Amount paid up in cash 300,000 „ 1,460,000 00
ASSETS IN CANADA.
Stocks and bonds on deposit with the Receiver General, viz.: —
Per value. Market value.
Canada 4 per cent inscribed stock % 100,253 33 % 105,266 00
M ^ .. 29,200 00 28,908 00
British Columbia 3 per cent inscribed stock 109,500 00 109,500 00
Total par and market values $ 238,953 33 $ 243,674 00
Carried out at market value ^ 243,674 00
Cash in Bank of Montreal, Montreal 7,537 19
Agents' balances and outstanding premiums 6,546 94
Rents due 1,002 50
Deposit with C. F. U. A ' 250 00
Total assets in Canada % 259,010 63
LIABILITIES IN CANADA.
Net amount of losses adjusted but not due $ 6,196 00
Net amount of losses in Canada resisted, in suit 1,500 00
Total net amount of unsettled claims for fire losses in Canada $ 7,696 00
Reserve of unearned premiums for all outstanding fire risks in Canada. 80,476 10
Total liabilities .f 88,172 10
FIRE AND MARINE INSURANCE COMPANIES 53
SESSIONAL PAPER No. 8
IMPERIAL— 6V>/2«m?*eo?.
INCOME IN CANADA.
GrosH cash received for fire premiums $ 184,107 92
Deduct reinsurance, rebate, abatement and return premiums 25,101 05
Net cash received for fire premiums $ 159,006 87
Interest on bonds, stocks, mortgages, &c 8,451 53
Received for rents , 7,553 94
Total cash income in Canada | 175,01 2 34
EXPENDITURE IN CANADA.
Amount paid during the year for losses occurring in previous years (which
losses were estimated in last statement at $13,001.85) % 11,560 12
Paid for fire losses occurring during the year $ 92,587 71
Deduct reinsurance 3 15
Net amount paid for said losses $ 92,584 56
Total net amount paid during the j^ear for fire losses in Canada. % 104,144 68
Paid for commission or brokerage 25,767 65
i' salaries, fees, &c 8,582 21
" taxes in Canada 2,736 96
Miscellaneous payments, viz.: — Postage, express and telegrams, $706.72;
advertising, $601.90; printing and stationery, $515.34; travelling
expenses, $557.82 ; rent, $1,640.97 ; sundries, $1,907.91 ; under-
writers'assessments, $2,241.82; maps and plans, $487.53; audit-
ing accounts, $300 ; light, $75.31 ; exchange, $233.59 9,268 91
Total cash expenditure in Canada $ 150,500 41
RISKS AND PREMIUMS.
Fire Bisks in Catmda. No. Amount.
Premiums
thereon.
Gross policies in force at date of last statement. . . 19,107 $ 30,847,038 $ 432,964 72
Taken during the year— new and renewed 5,083 9,777,910 150,522 56
Total 24,190 40,624,948 583,487 28
Deduct terminated 11,644 20,942,677 314,979 50
Gross in force at end of year 12,546 19,682,271 268,507 78
Deduct reinsured 771,688 9,259 99
Net in force at December 31, 1902 12,546 $ 18,910,583 $ 259,247 79
Total number of policies in force in Canada at date 12,546
Total net amount in force $ 18,910,583 00
Totaf premiums thereon 259,247 79
I
54 DEPARTMENT OF FINANCE- INSURANCE BRANCH
2-3 EDWARD VI!., A. 1903
THE INSURANCE COMPANY OF NORTH AMERICA.
Statement for the Year ending December 31, 1902.
President — Charles Platt.
Chief Agents tn Canada —
Robert Hampson and Son.
Secretary — Greville E. Fryer.
Principal Office — Philadelphia.
Head Office in Canada — Montreal.
(Incorporated, April 14, 1792. Commenced business in Canada, November 7, 1889.)
capital.
Amount of joint stock capital authorized, subscribed for and paid up
in cash $ 3,000,000 00
assets in CANADA.
Bonds, in deposit with the Receiver General, viz.:
Par value. Market value.
City of Montreal 4 per cent bonds. $111,000 00 % 124,320 00
Canadian Northern Railway 4 per cent bonds 19,953 33 20,000 00
Total par and market values $130,953 33 $144,320 00
Carried out at market value I 144,320 00
Cash in banks, viz.: —
Bank of Montreal, Montreal $ 32,188 08
St. John, N.B 13,550 14
Halifax, N.S 18,486 89
64,225 II
Total assets in Canada $ 208,545 11
LIABILITIES.
Net amount of fire losses in Canada adjusted but not diie $ 1,000 00
" M claimed but not adjusted 3,500 00
" <i reported or supposed but not claimed. . 1,576 00
Total net amount of unsettled claims for fire losses in Canada $ 6,076 00
Reserve of unearned premiums for all unexpired fire risks in Canada . . 114,527 41
Total liabilities in Canada I 120,603 41
FIRE AND MARINE INSURANCE COMPANIES 65
SESSIONAL PAPER No. 8
THE INSURANCE COMPANY OF NORTH AMERICA— Continued.
INCOME IN CANADA.
(iross cash received for fire premiums , $221,069 73
Deduct reinsurance, rebate, abatement and return premiums. . 40,050 21
Net cash received for fire premiums $ 181,619 52
Net cash received for inland marine premiums 1,741 90
Interest on bonds, stocks, mortgages, &c 5,240 00
Total income in Canada $ 188,601 42
.EXPENDITURE IN CANADA.
Amount paid during the year for fire losses occurring in previous years
(which losses were estimated in the last statement at $7,227.70) $ 11,331 88
Deduct amount received for reinsurance 3,872 38
Net amount paid during the year for said losses $ 7,459 50
Amount paid for fire losses occurring during the year $ 64,982 51
Deduct amount received for reinsurance $1,293 36
Deduct savings and salvage (conscience money) 1,400 00
Total deductions 2,693 36
Net amount paid during the year for said losses $ 62,289 15
Total net amount paid during the year for fire losses in Canada. ...,..$ 69,748 65
Net amount paid during the year for inland marine losses in Canada. . 56 61
Paid for commission or brokerage 47,777 11
Taxes 3,237 24
Miscellaneous payments, viz.: — Advertising, $190.05 ; maps and plans,
$679.60 ; postage, telegrams, &c., $1,232.48 ; stationery and print-
ing, $1,443.13; travelling expenses, $1,107.50 ; underwriters'
associations, $1,539.76 ; sundries, $910.05 ; office expenses, $277.50;
legal expenses, $5 7,385 07
Total expenditure in Canada $ 128,204 68
RISKS AND PRExMIUMS.
Fire Risks in Canada. Amount. ^Seoi"^
Gross policies in force at date of last statement $ 16,061,966 $ 211,215 28
Taken during the year— new and renewed. . 16,343,131 225,9t?5 39
Total $ 32,405,097 $ 437,180 67
Deduct terminated 14,870,797 203,557 61
Gross in force at end of year $ 17,534,300 $ 233,623 06
Deduct reinsured 671,055 8,716 93
Net in force December 31, 1902 $16,863,245 $224,906 13
Inland Marine Risks in Canada.
Taken during the year $ 672,921 $ 1,741 90
Deduct terminated 672,921 1,741 90
Total number of policies in Canada at date (No return.)
Total net amount in force $16,863,245 00
Total premiums thereon 224,906 13
56 DEPARTMENT OF FINANCE— lASURANCE BRANCH
2-3 EDWARl) VII., A. 1903
THE INSURANCE COMPANY OF NORTH AM^^IC A— Continued.
General Business Statement for the Year ending December 31, 1902.
LEDGER assets.
Book value of real estate, unencumbered $ 725,500 00
Mortgage loans on real estate, first liens, $1,127,617.29; other than
first, $3,380 1,130,997 29
Book value of bonds and stocks owned by the company 5,423,439 32
Amount of loans secured by pledge of bonds, stocks or other collaterals 825,900 00
Cash on hand and in banks 1,157,412 94
Reinsurance claims on marine losses paid 590 57
Book debts due the company 4,263 86
Bills receivable 38,059 10
Agents' debit balance 1,020,482 55
Total ledger assets I 10,326,645 63
NON-LEDGER ASSETS.
Interest due, $2,734 . 03, and accrued, $4,893 .27 $ 7,627 30
Market value of bonds and stocks over book value 368,310 68
Gross assets $10,702,583 61
Deduct assets not admitted 38,400 11
Total admitted assets $10,664,183 50
LIABILITIES.
Net amount of unpaid losses— fire, $374,000 ; marine, $364,000 $ 738,000 00
Total unearned premiums 4,099,540 91
Amount reclaimable by the insured on perpetual fire policies, being 90
and 95 per cent of the premium or deposit received 769,411 19
Due and accrued for salaries, rent, commissions, brokerage, &c 86,546 88
Dividends to stockholders remaining unpaid , 60 00
Reinsurance premiums 20,435 58
Total liabilities $ 5,713,994 56
Joint stock capital paid up in cash $ 3,000,000 00
Divisible surplus 1,950,188 94
INCOME DURING THE YEAR.
Net cash received for premiums other than perpetuals — fire,
$4,871,066.86; marine and inland, $1,838,619.78 $ 6,709,686 64
Depo# premiums received on perpetual risks 23,267 63
Received for interest and dividends 328,598 25
Rents 42,644 44
Profit on sale or maturity of ledger assets during the year over book
values 3,245 79
From all other sources 6,275 42
Premiums outstanding January 1, 1902 302,000 00
Total income $ 7,415,718 17
»
FIRE AND MARINE INSURANCE COMPANIES 57
SESSIONAL PAPER No. 8
THE INSURANCE COMPANY OF NORTH AWKKIQ A—Concluded.
EXPENDITURE DURING THE YEAR.
Net amount paid for losses — fire, $2,828,417 .55 ; marine and inland,
$1,017,855.41 $ 3,846,272 96
Deposit premiuriis returned on perpetual risks 22,713 23
Paid stockholders for interest or divid nds 359,940 00
Commission or brokerage . 1,312,634 64
Salaries, fees and all other charges of officials 394,212 24
Rents : 32,391 22
Taxes, licenses and insurance department fees 159,379 00
Loss on sale or maturity of ledger assets 4,092 19
All other expenditure 316,448 90
Total expenditure $ 6,448,084 38
RISKS AND PREMIUMS.
Amount of fire risks written or renewed during the year $594,679,472 00
Premiums thereon 6,293,041 37
Amount of marine and inland risks written or renewed during the year 392,609,705 00
Premiums thereon 2,185,365 21
Amount of fire risks terminated 589,71 1,343 00
Premiums thereon 5,869,763 42
Amount of marine and inland risks terminated 391,356,118 00
Premiums thereon 2,135,497 46
Net amount of fire risks in force on December 31, 1902 617,467,186 00
Premiums thereon 7,276,476 64
Net amount of marine and inland risks in force on December 31, 1902. 6,505,614 00
Premiums thereon 362,119 00
PERPETUAL RISKS.
Amount of risks written during the year $ 844,707 45
Deposits thereon 23,267 63
Amount of risks terminated 844,005 37
Deposits ' 22,713 23
Amounts in force on December 31, 1902 33,505,515 01
Deposits 846,772 12
58 DEPAMMiiNT OF FINANCE-INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
*THE LANCASHIRE INSURANCE COMPANY.
Statement for the Year ending December 31, 1902.
Agent in Canada — George Simpson.
Principal Office — Liverpool, England.
Head Office in Canada — Royal Insur-
ance Company Building, Montreal.
(Established, June 19, 1852. Commenced business in Canada, July, 1864.)
CAPITAL.
Amount of joint stock capital authorized I 1-5,000,000 00
Amount subscribed for 13,649,300 00
Paid up in cash 1,364,930 00
assets in CANADA.
Stocks and bonds on deposit with the Receiver General, viz.: —
Par value. Market value.
Canada stock $97,333 33 $99,488 13
Carried out at market value % 99,488 13
Cash in Dominion Bank 269 88
Total assets in Canada % 99,758 01
liabilities in CANADA.
Net amount of fire losses in Canada claimed but not adjusted . . $ 75 00
1. II II resisted, in suit (accrued in previous
years) 9,250 00
Total net amount of unsettled claims for fire losses in Canada % 9,325 00
Reserve of unearned premiums for all outstanding fire risks in
Canada 16,366 02
Total liabilities in Canada % 25,691 02
This company has been absorbed by the Royal Insurance Company.
FIRE AND MARINE INSURANCE COMPANIES 59
SESSIONAL PAPER No. 8
LANCASHIRE— Cotic^ttc?e(7.
INCOME IN CANADA.
Net cash received for premiums $
Received for interest on bonds, stocks, mortgages, &c
Net return commissions
Refund of assessments paid C. F. U. A
Total income in Canada $
EXPENDITURE IN CANADA.
Paid during the year for losses occurring in previous years (which losses
were estimated in the last statement at $9,660) . . $ 5,810 84
Amount paid for losses occurring during the year 14,461 74
Total net amount paid during the year for fire losses in Canada # '20,272 58
Paid for salaries, fees and other charges of officials in Canada 666 68
Miscellaneous payments, viz.: — Postage and exchange, $1.82 ; rebates
and return premiums, $1,311.42 1,313 24
1
471 26
3,674 10
163 30
36 31
$
4,344 97
Total cash expenditure in Canada $ 22,252 50
RISKS AND PREMIUMS.
Fire Risks in Canada. Amount ^tWeon^^
Gross policies in force at date of last statement $ 16,835,268 $ 212,295 84
Taken during the year— new and renewed. 302 59
Total 16,835,268 212,598 43
Deduct terminated 10,018,589 135,099 42
Gross in force at end of year 6,816,679 77,499 01
Deduct reinsured 4,000 48 28
Net in force, December 31, 1902 6,812,679 77,450 73
Total number of policies in force at date (No return.)
Total net amount in force , I 6,812,679 00
Total premiums thereon 77,450 73
60 DEPA R TMENT OF FIN A NCE—INS URA XCE BRA NCH
2-3 EDWARD VII., A. 1903
THE LAW UNION AND CROWN INSURANCE COMPANY.
Statement for Year ending December 31, 1902.
Chairman — G. M. Arnold.
Manager in Ca^iada — J. E. E. Dickson.
General Manager — A. Mackay.
Head Office in Canada — Montreal.
Principal Office — London, England.
(Incorporated, 1825. Commenced business in Canada, April 1, 1899.)
CAPITAL.
Amount of joint stock capital authorized $10,000,000 00
Amount subscribed for 7,500,000 00
Amount paid up in cash 450,000 00
Amount of debenture capital paid up 1,416,800 00
assets in CANADA.
Value of real estate (less encumbrances) held by the company in
Canada, including various lots and buildings in Vancouver, Vic-
toria and New Westminster, B.C., and Calgary, N.W.T | 196,503 55
Amount of mortgage loans on real estate in Canada, first liens 834,514 12
Bonds owned by the company and deposited with the Receiver General,
viz. :—
Par value. Market value.
City of Toronto 4 per cent bonds % 12,166 67 $ 12,625 00
3i M 24,333 .33 25,000 00
Victoria, B.C., 5 per cent bonds 60,000 00 68,100 00
Province of Quebec 3 per cent inscribed stock 87,600 00 81,900 00
Total par and market values $ 184,100 00 $ 187,625 00
Carried out at market value 187,625 00
Cash at head office in Canada 2,533 57
Cash in banks, viz.: —
Bank of Montreal, Montreal ... $ 3,024 51
Dominion Bank, Montreal 38,045 41
Bank of Montreal, Winnipeg 29,902 46
Bank of Montreal, Vancouver 2,536 23
Canadian Bank of Commerce, Victoria 1,968 73
I 75,477 34
Interest due and accrued , 30,436 90
Amount of cash in the hands of agents in Canada 979 57
Office furniture 668 67
Insurance maps 2,794 20
*Total assets in Canada | 1,331,532 92
* In addition to the above assets the following Canadian stocks and bonds are held at the head office : —
Village of Parkdale 6 i^er cent bonds % 33,932 38 $ 38,504 83
Nakusp and Slocan Railway 4 per cent sterling bonds 7,592 00 7,878 00
New Brunswick first mortgage bonds , 24,333 33 29,750 00
Ontario and Quebec Railway 6 per cent stock 30,000 00 48,000 00
Grand Trunk Midland Ry. of Canada 5 per cent bonds.. . . 24,3^3 33 26,750 00
Canada 3 per cent inscribed stock • 97,333 33 101,000 00
Canadian Pacific Railway 4 per cent preference stock 29,200 00 32,100 00
Mitmeapolis, St. Paul and Sault Ste. Marie 4 per cent
bonds (1938) 40,000 00 42,400 00
Minneapt>lis, St. Paul and Sault «Ste. Marie 4 per cent
bonds (1949) 75,000 00 77,250 00
Total $ 361,724 37 % 403,632 83
FIRE AND MARINE INSURANCE COMPANIES 61
SESSIONAL PAPER No. 8
LAW UNION AND CKOWl^— Continued.
LIABILITIES IN CANADA.
Amovint of losses in Canada adjusted but not due $ 3,500 00
I, M claimed but not adjusted 3,643 77
Net amount of unpaid losses $ 7,143 77
Reserve of unearned premiums for all outstanding fire risks in Canada. 49,277 69
Total liabilities in Canada $ 56,421 46
INCOME IN CANADA.
Gross cash received for premiums in Canada $ 87,785 90
Deduct reinsurance, rebate, abatement and return premiums. . . 21,609 15
Net cash received for fire premiums $ 66,176 75
Received for interest, and on bonds, stocks, &c 67,542 74
n on bank account 296 60
Received for rents in Canada 6,551 26
Total income in Canada $ 140,567 35
EXPENDITURE IN CANADA.
Net amount paid during the year for losses occvirring in previous years
(estimated in the last statement at $1,295) $ 1,295 00
Amount paid for losses occurring during the year $ 12,894 59
Deduct amount received for savings and salvage and for reinsurance 1,141 23
Net amount paid for said losses , •$ 11,753 36
Total net amount paid during the year for fire losses I 13,048 36
Paid or allowed for commission or brokerage in Canada 10,820 35
Salaries, fees and all other charges of ofiicials in Canada 5,124 74
Taxes in Canada 5,753 84
Miscellaneous expenditure, viz. : — Advertising, 1496.92 ; exchange,
•164.34 ; postages, telegrams and express, $651.20 ; travelling,
$540.60; stationery, $371.17; fire insurance boards, $638.47;
auditors' fees, $120 ; rent, $559.96 ; miscellaneous expenses,
$185.42; office furniture, $48.34; plans, $483.90; light, $27.61 ;
telephones, $94.50 ; fuel, $32 ; legal expenses, $50 "... 4,364 43
Total expenditure in Canada.. $ 36,111 72
RISKS AND PREMIUMS.
For Fire Risks in Canada. -^^ Amount. Premiums
Gross ix)licies in force at date of last statement. . 4,652 $ 6,841,597 $ 106,844 43
Taken during the year— new and renewed 3,579 5,813,774 87,798 42
Total 8,231 .$12,655,371 $194,642 85
Deduct terminated 2,938 5,915,463 85,566 12
(iross in force at end of year 5,293 $ 6,739,908 $ 109,076 73
Deduct reinsured.. .;.... 825,926 11,689 15
Net in force, December 31, 1902 ... 5,293 .$ 5,913,982 $ 97,387 58
DEPARTMENT OF FINANCE-INSURANCE BRANCH
2-3 EDWARD VII., A 1903
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64 DEPARTMENT OF FINANCE— INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
THE LIVERPOOL AKD LONDON AND GLOBE INSURANCE COMPANY.
Statement for the Year ending December 31, 1902.
President — | General Manager and Secretary —
Richard Hobson. John M. Dove.
Chief Agent in Canada — G. F. C. Smith.
Principal Office — Liverpool, England. | Head Office in Canada— Montreal.
(Established, May 21, 1836. Commenced business in Canada, June 4, 1851.)
capital.
Amount of joint stock capital authorized and sub-
scribed for £ 2,000,000 stg.— $ 9,733,333 33
Amount paid up in cash 245,640 " 1,19-5,448 00
assets in CANADA.
Real estate (less encumbrances) in Canada held by the company, viz. : —
The company's building, St. James Street, corner of Place d'Armes
Square, Montreal $ 250,000 00
Loans secured by bonds and mortgages on real estate in Canada (first
liens) 1,296,150 00
Stocks and bonds, viz. : —
Par value. Market value.
Canada 4 per cent inscribed stock (reduced ) Jan. , 1910 . % 387,016 66 347,127 16
M 4 M M Nov., 190S 100,000 00 100,000 00
M 4 „ stock of 1883 238,466 67 247,805 32
Montreal Board of Trade second mortgage bonds, 1922. 1,000 00 600 00
Montreal City debentures, 6 per cent, viz. : —
Protestant School Board bonds, Montreal, Jan.,
1906 10,000 00 10,550 00
Montreal Harbour— Jan., 1906 10,000 00 10,600 00
City of Montreal consolidated 4 per cent bonds of 1881 40,000 00 41,300 00
Province of Quebec bonds 194,666 66 206,346 66
City of Sherbrooke bonds 30,000 00 30,90(» 00
City of Ottawa bonds 18,000 00 18,450 00
Town of St. Henri bonds 50,000 00 54,000 00
Town of Outremont bonds 50,000 00 49,000 00
City of Winning bonds 117,233 00 119,740 80
United Counties of Stormont, Dundas and Glengarry
bonds 9,800 00 9,072 41
Canadian Pacific Railway 34 per cent land grant bonds 48,666 66 50,126 65
5 p.c. first mortgage bonds 73,000 00 83,950 00
Grand Trunk Railway 4 p.c. perpetual debentures. . 121,666 70 128,358 57
n ■ 5 H stock 97,333 33 133,346 66
Great Western Railway of Canada 5 per cent per-
petual debenture stock 92,466 66 119,744 33
City of Toronto 6 per cent W. W. bonds . . . , 243,333 33 260,366 66
Total par and market values $1,882,649 67 $2,021,385 22
Carried out at market valne (.|480,149 par value being deposited with
Receiver General on account of fire and life) 2,021,385 22
Loans on life policies, being within the amount of their surrender value
when the loans were made 6,449 35
Cash on hand at head office in Canada , 5,469 62
FIRE AND MARINE INSUBANCiJ COMPANIES 65
SESSIONAL PAPER No. 8
LIVERPOOL AND LONDON AND GJ^OB^— Continued.
ASSETS IN CANADA — Concluded.
Cash in banks, viz. —
Bank of Montreal, Montreal . $ 88,906 29
Victoria, B.C 1,269 78
St. John, N.B 1,902 12
Total .$ 92,078 19
Interest due and accrued 18,726 51
Cash in hands of agents in Canada 33^831 81
Office furniture, public clock, maps, plans, &c., at Montreal office, and
St. John, N.B., branch offices (estimated) 2,500 00
Total assets in Canada $ 3,726,590 70
LIABILITIES IN CANADA.
Net amount of losses in Canada claimed but not adjusted $ 19,049 50
,, II II resisted — in suit (accrued in previous
years) 1,500 00
,1 n M —not in suit 2,500 00
Total net amount of fire losses in Canada unsettled $ 23,049 50
Reserve of unearned premiums for all outstanding fire risks in Canada. 352,033 84
Reinsurance fund under the life insurance department in Canada 100,000 00
Due and accrued for salaries, rent and general expenses 500 00
Total liabilities in Canada $ 475,583 34
INCOME IN CANADA.
Gross cash received for fire premiums ....... $ 471,200 35
Deduct reinsurance, rebate, abatement and return premiums 53,426 13
Net cash received for fire premiums $ 417,774 22
Received for interest on bonds, mortgages, stocks, &c 80,834 18
Received for rents 1,394 97
Conscience money 1,550 60
Total cash income in Canada $ 501,553 97
EXPENDITURE IN CANADA.
Paid during the year for fire losses occurring in previous years twhich
losses were estimated in last stateinent at $18,475. 40) $ 16,584 45
Deduct amount received for reinsurance 1,161 25
Net amount paid for said losses $ 15,423 20
Paid for losses occurring during the year $ 178,453 88
Deduct reinsurance ... 6,031 23
Net amount paid for said losses $ 172,422 65
Total net amount paid during the year for fire losses in Canada $ 187,845 85
Commission or brokerage 68,871 17
Salaries, fees and all other charges of officials 26,195 66
Taxes in Canada 5,304 34
8—5
66 DEPARTMENT OF FINANCE-INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
LIVERPOOL AND LONDON AND Gl.OW£.— Continued.
EXPENDITURE IN CANADA — Concluded.
Miscellaneous payments, viz.: — Advertising, $2,714.27; rent, $2,950;
repairs, $113.66; coal and gas, $206.73; travelling expenses,
$2,147 . 38 ; printing and stationery, $2,263 . 91 ; fire commissioners,
$132 . 38 ; postage and telegrams, $2,150 . 92 ; exchange, $756 . 82 ;
office expenses, $2,396.79; surveys, $1,575.64; underwriters,
$3,644.98; insurance superintendence, $189.23; auditor, $400;
law expenses, $3 . 07 ; office furniture, $230 .80 21,876 58
Total expenditure in Canada $ 310,093 60
RISKS AND PREMIUMS.
Fire Risks in Canada. No. Amount. '^heTeon^^
Gross policies in force at date of last statement.. 30, 204 $ 55,193,149 00 $ 677,512 87
Taken during thfr year— new and renewed .. . .20,321 35,017,875 00 477,058 13
Total 50,615 % 90,211,024 00 $ 1,154,571 00
Deduct terminated 20,103 35,126,530 00 447,528 30
Gross in force at end of year 30,512 $ 55,084,494 00 $ 707,042 70
Deduct reinsured 951,671 00 12,837 07
Net in force at December 31, 1902 30,512 $ 54,132,823 00 $ 694,205 63
Total number of policies in force in Canada at date 30,512
Total net amount in force $54,132,823 00
Total premiums thereon 694,205 63
General Business Statement for the Year ending December 31, 1902.
FIRE account.
£ 8. d- £ 8. d.
Amount of fire reinsurance fund at Losse.i by fire after deduction of re-
the beginning of the year 740,000 0 0 insurances 996,308 2 6
Premiums received after deduction Expenses of management 271,604 12 9
of reinsurances ... 1,953,630 12 9 Commission , 315,837 15 7
Other payments, viz . :
Contributions to fire
brigades at home
and abroad £19,781 4 8
State taxes 'foreign) 30,618 9 10
50,399 14 6
Carried to profit and
loss £319,480 7 5
Less, added to fire re-
insurance fund 60,000 0 0
259,480 7 5
Amount of fire reinsurance fund at
the end of the year, as in balance
sheet 800,000 0 0
£2,693,630 12 9 £2,69.S,63ol2~9
FIRE AND MAmNE INSURANCE COMPANIES
SESSIONAL PAPER No. 8
LIVERPOOL AND LONDON AND (MjOBY.— Continued.
m
Balance of last year's account
Interest and dividends not carried
to otheraccounts
Carried from fire ac-
count £319,480 7 5
Less, added to fire re-
insuAince fund 60,000 0 0
PROFIT AND LOSS.
£ s. d. -
1,019,332 10 0 Amount paid to Globe
6 p. c. perpetual an-
168,126 3 1 nuitants in 1902. . . .£49,626 0 0
Less income tax . 3,101 12 6
s. d.
Investment fluctuation fund trans-
ferred . . . . ,
Transfer fees
Exchange
259,480 7 5
46,524
135,102
195,068
24
398 14 10
Balance of dividend for 1901, paid
May 22, 1902
Amount carried to Globe 6 p. c.
perpetual annuity account 551,400 0 0
Transferred to suspense account . . 75,000 0 0
Balance —
Interim dividend for
the vear 1902, paid
Nov. 22 £85,974 0 0
* Carried to next
year's account 748,430 0 11
834,404 0 11
£1,642,430 8 5
£1,642,430
* The above balance will be reduced to £613,328 0 11 by payment of balance of 1902 dividend on
May 22.
^^h}^
DEPARTMENT OF FINANCE— INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
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70 DEPART MEN T OF FIN A NC^— INSURANCE BRA NGH
2-3 EDWARD VII., A. 1903
I
THE LONDON AND LANCASHIRE FIRE INSURANCE COMPANY.
Statement for the Year ending December 31, 1902.
Cliairman — E. H. Harrison. | Manager — F. W. P. Ruttee.
Principal Office — Liverpool, England.
Chief Agent in Canada — Alfred Wright. | Head Office in Canada — Toronto.
(Established, December 10, 1861. Commenced business in Canada, April, 1880.)
CAPITAL.
Amount of joint stock capital authorized $ 12,166,667 00
Amount subscribed for 10,847,192 00
Amount paid up in cash 1,084,720 00
ASSETS IN CANADA.
Stocks and bonds, in deposit with Receiver General : —
Par value. Market value.
Canada 4 per cent stock '. . .$ 107,066 67 $ 107,066 67
3 „ 29,200 00 29,200 00
Niagara Falls Park debentures 24,333 33 28,973 70
British Columbia bonds 10,000 00 10,640 00
British 2| Consolidated stock 48,666 67 48,666 66
$ 219,266 67 $ 224,547 03
Carried out at market value $ 224,547 03
Other bonds and debentures in possession of the company, viz : —
Par value. Market value.
British Columbia bonds $ 10,000 00 $ 10,640 00
Loan Company's debentures 10,000 00 10,000 00
$ 20,000 00 $ 20,640 00
Carried out at market value 20,640 00
Cash at head office in Canada 6,387 85
Cash in banks, viz.: —
Dominion Bank, Toronto $ 5,522 92
Bank of B. N. A., Montreal ^ 6,266 14
Total carried out 11,789 06
Amount of cash in hands of agents in Canada 22,774 04
Special deposit with Farmers' Loan and Savings Company 850 00
Total assets in Canada I 286,987 98
FIRE AND MARINE INSURANCE COMPANIES 71
SESSIONAL PAPER No. 8
LONDON AND LANCASHIRE— C(?w«mw€d
LIABILITIES IN CANADA.
Net amount of losses due and yet unpaid .,$ 1,700 00
.1 It claimed but not adjusted 6,500 00
It II reported or supposed, but not claimed 8,659 52
II II adjusted but not due 4,946 24
tt n resisted, not in suit 2,000 00
Total net amount of unsettled claims for fire losses in Canada $ 23,805 76
Reserve of unearned premiums for outstanding risks in Canada 182,663 72
Total liabilities in Canada | 206,469 48
INCOME IN CANADA.
Gross cash received for premiums % 303,926 94
Deduct reinsurance, rebate, abatement and return premiums 44,894 12
Net cash received for premiums | 259,032 82
Cash received for interest ■. 2,473 51
Interest on Government deposit 5,158 67
Total income in Canada I 266,665 00
EXPENDITURE IN CANADA.
Amount paid during the year for losses occurring in previous years
(which losses were estimated in the last statement at $14,208.06) $ 14,241 22
Deduct savings and salvage and reinsurance .... 3,155 10
Net amount paid during the year for said losses $ 1 1,086 12
Amount paid for losses occurring during the year % 104,732 98
Deduct amount received for reinsurance 1,118 74
Net amount paid during the year for said losses in Canada $ 103,614 24
Total net amount paid during the year for fire losses in Canada | 114,700 36
Commission or brokerage 42,654 46
Salaries, fees and other charges of officials in Canada 13,745 45
Taxes 4,011 06
All other payments in Canada, viz.: — Advertising, $1,177.47; rent,
$2,321.88; maps and plans, $660.13; inspection, $1,224.62;
stationery and printing, $1,672.36 ; postage, telegrams and
express, $1,813.36 ; underwriters' associations, $2,849.71 ; office
expenses, $1,258.43; duty, $18.50; sundries, $270.47; legal
expenses, $17; travelling expenses, $164.85; office furniture,
$637 .83 14,086 61
Total expenditure in Canada $ 189,197 94
72 DEPARTMENT OF FINANCE-INSURANCE BRANCH
2-3 EDWARD VII., A. 1908
LONDON AND LANCASHIRE— CW^umed
RISKS AND PREMIUMS.
Fire Risks in Canada . No. Amount.
Premiums
thereon.
Gross policies in force at date of last statement. 21,375 $27,362,395 $367,605 32
Policies taken during the year— new and renewed 11,430 20,737,414 302,986 43
Total 32,805 $ 48,099,809 % 670,591 75
Deduct terminated 14,085 21,259,386 296,663 83
Gross in force at end of year 18,720 $ 26,840,423 $ 373,927 92
Deduct reinsured 933,302 11,326 74
Net in force at December 31, 1902 18,720 $ 25,907,121 $ 362,601 18
Total number of policies in force in Canada at date 18,720
Total net amount in force % 25,907,121 00
Total premiums thereon 362,601 18
General Business Statement for the Year ending December 31, 1902.
FIRE department.
The net premiums, after deducting reinsurances effected with other companies in
reduction of this company's liabilities, amounted to .£1,209,518 18s. Od.
The net losses incurred, including full estimates for all outstanding, amounted to
£579,325 8s. Od.
The surplus on the working of the business, after providing for all expenses, taxes,
and charges of every kind, amounts to .£204,932 19s. lid.
Interest on investments has yielded the sum of £47,123 5s. lid.
The total credit balance, therefore, on the entire operations of the company for the
year is £252,056 5s. lOd. This amount, added to the balance of £497,569 2s. 8d.
brought forward from the previous account less the interim dividend of £22,288 15s. Od.
paid in November last, makes an available total of £727,336 13s. 6d. to be now dealt
with.
The directors propose : —
(1) To transfer to the reserve fund the sum of £100,000, thus increasing that
fund from £750,000 to £850,000.
(2) To transfer to the Accident fund the sum of £30,000, thu« increasing
that fund from £20,000 to £50,000.
(3) To open a Staff Pension fund and to credit it with the sum of £50,000.
(4) To pay, on the 8th proximo, a dividend of 98. per share, free of income
tax, making, with the interim dividend already paid, a total distribu-
tion for the year of £62,408 10s. Od., or 14s. per share ; and
(5) To carry forward the remaining balance of £507,216 18s. 6d. to the next
account.
The financial position of the company will then stand as follows : —
Capital paid up £ 222,887 10 0
Reserve fund 850,000 0 0
Accident fund 50,000 0 0
Staff Pension fund 50,000 0 0
Balance carried forward 507,216 18 6
Funds £ 1,680,104 8 6
Capital subscribed, but uncalled 2,005,987 10 0
Total security £ 3,686,091 18 6
FIRE AND MARINE INSURANCE COMPANIES
73
SESSIONAL PAPER No. 8
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74 DEPARTMENT OF FINANGE-INSURANGE BRANCH
2-3 EDWARD VIL A. 1903
THE LONDON ASSURANCE.
Statement for the Year ending December 31, 1902.
Governor — Howard Gilliat | Manager Fire Dept. — James Clunes.
Principal Office — No. 7, Royal Exchange, London, E.G., England.
Joint Chief Agents and Managers —
W. Kennedy and W. B. Colley. Head Office in Canada — Montreal.
(Incorporated, 22nd June, 1720. Commenced business in Canada, 1st March, 1862.)
capital.
Amount of capital authorized and subscribed for $ 4,363,210 00
Amount paid up in cash 2,181,605 00
ASSETS IN CANADA.
Par value Market value.
'Montreal Corporation stock $ 167,000 00 % 170,340 00
Carried out at market value •$ 170,340 00
Cash on hand at head office in Canada 159 33
Cash in Union Bank of Canada 4,108 31
Cash deposit with C.F.U.A 250 00
Agents' balances in Canada 13,646 87
Total assets in Canada I 188,504 51
LIABILITIES IN CANADA.
Net amount of tire losses claimed but not adjusted ($400 of which ac-
crued in previous year) % 8,874 00
Net amount of losses resisted — in suit (accrued in previous year) 1,600 00
Total amount of unsettled claims for losses in Canada $ 10,474 00
Reserve of unearned premiums for all outstanding risks in Canada. . . . 95,445 96
Reinsurance reserve under life department 16,408 00
Total liabilities in Canada $ 122,327 96
Deposited with Receiver General ; $50,000 being on account of life branch.
FIRE AND MARINE INSURANCE COMPANIES 75
SESSIONAL PAPER No. 8
THE LONDON A^^VRA^C^— Continued.
INCOME IN CANADA.
Gross cash received for fire premiums $ 166,632 88
Deduct reinsurance, rebate, abatement and return premiums 31,445 78
Net cash received for fire premiums $ 135,187 10
Interest on deposit with Receiver General, paid direct to head office,
England 6,680 00
Total cash income in Canada $ 141,867 10
EXPENDITURE IN CANADA.
Net amount paid during the year for losses occurring in previous years
(which losses vi^ere estimated in the last statement at $10,340) $ 10,778 94
Paid for fire losses occurring during the year $ 35,878 90
Less savings and salvage and reinsurance 3,227 56
Net amount paid during the year for said losses. . % 32,651 34
Total net amount paid during the year for fire losses in Canada $ 43,430 28
Paid for commission or brokerage 22,209 85
Paid for salaries, fees and all other charges of officials in Canada. . . . iJ,702 91
Paid for taxes in Canada 3,133 98
All other payments in Canada, viz. : — Rent, $1,860 ; office expenses,
$301.12 ; postage, express and telegrams, $1,182.68 ; printing and
stationery, $661.29; tarilBf expenses, $1,252.51 ; maps, $1,046.81 ;
travelling expenses, $504.90 ; advertising, $418.52 7,227 83
Total cash expenditure in Canada $ 84,704 85
RISKS AND PREMIUMS.
Fire Risks in Canada. Amount. "^tSeon^^
Gross policies in force at date of last statement $ 19,016,624 % 206,170 08
Taken during the year— new and renewed 13,611,891 165,598 80
Total $ 32,628,515 $ .371,768 88
Deduct terminated 14,639,243 169,479 91
Gross in force at end of year % 17,989,272 $ 202,288 97
Deduct reinsurance 1,095,754 15,001 78
Net in force at December 31, 1902 S 16,89.3,518 i 187,287 19
I
Total number of policies in force in Canada at date (No return.)
Total net amount in force $16,893,518 00
Total premiums thereon 187,287 19
76 DEPARTMENT OF FINANCE-INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
THE LONDON A^^VB^A^OY.— Continued.
General Business Statement for the Year ending December 31, 1902.
FIRE department.
The premium income of the year, after deduction of reinsurances and returns,
amounted to £547,637 18s. 7d., and the losses, inclusive of all claims to December 31,
1902, to £252,500 5s. Id.
The balance at the credit of the fire fund, after transferring £102,491 19s. lid.,
to profit and loss account, amounted on December 31, 1902, to £700,000.
marine department.
The net premiums received during the year amounted to £246,119 lis. 3d. The
losses paid and outstanding for 1902, and former years, amounted to £145,169 9s. 9d.
The balance at the credit of the marine fund, amounted on December 31, 1902, to
£238,175 4s. lid.
profit and loss.
The amount standing to the credit of this account on December 31, 1902, after
transferring £75,000 to the general reserve and placing £9,962 19s. Id., to suspense
account, was £135,300 9s. 5d., out of which the court of directors now recommend a
dividend of 20 per cent, being £2 10s. per share, payable as follows : — £1 5s., on April
1, and £1 5s., on October 1, free of income tax.
FIRE AND MARINE INSURANCE COMPANIES
77
SESSIONAL PAPER No. 8
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FIRE AND MARINE INSURANCE COMPANIES 79
SESSIONAL PAPER No. 8
THE LONDON MUTUAL FIRE INSURANCE COMPANY OF CANADA?
Statement for the Year ending December 31, 1902.
President — Hon. John Dryden. | Secretary mid Chief Agent^K. Waddington.
P7nncij)al Office- — Toronto, Ontario.
(Incorporated in 1859 under the Act respecting Mutual Insurance Companies, being
Cap. 52 of the Consolidated Statutes of Canada ; amended in 1863, by 27 Vie, Cap.
52. Incorporated in 1878 by Act of the Dominion of Canada, 41 Vic, Cap. 40 ;
amended in 1899 by 62-63 Vic, Cap. 118; amended in 1901 by 1 Edward VIL,
Cap. 103. Organized and commenced business in Canada, 1859.)
CAPITAL.
Amount of capital authorized $ 500,000 00
Amount subscribed for 100,000 00
Amount paid up in cash 10,000 00
(For List of Shareholders, see Appendix.)
assets.
Value of real estate (less encumbrances) held by company $ 16,000 00
Loans secured by mortgages on real estate 14,250 00
Municipal and loan companies' debentures owned by the company, viz.: —
Par value. Market value.
*City of St. Thomas debentures $ 22,600 00 $ 23,278 00
♦Town of Tilsonburg debentures 6,500 00 6,955 00
♦Ontario Loan and Debenture Company deben-
tures 13,460 00 13, 160 00
♦Huron and Erie Loan and Savings Company de-
bentures 13,260 00 13,260 00
Imi^erial Loan Company debentures 7,500 00 7,500 00
Canada Permanent and Western Mortgage Co.
debentures •. 7,500 00 7,500 00
Reliance Loan Company debentures 5,000 00 5,000 00
Total par and market values $ 75,820 00 $ 76,953 00
Carried out at market value 76,953 00
Cash on hand at head office 279 78
Cash in banks, viz.: —
Bank of Toronto, current account . . $ 48,324 92
It savings ... ... 36,035 36
Bank c>f Nova Scotia, savings 5,000 00
Canadian Bank of Commerce, saving^ 10,431 76
Imperial Bank, savings 10,226 12
Total carried out 110,018 16
♦ Deposited with the Receiver General .
80 DEPARTMENT OF FINANCE— INSURANCE BRANCH
2-3 EDWARD VI L, A. 1903
LONDON MUTUAL ¥lKE.—Co7Uinued.
ASSETS — Concluded.
Accrued and unpaid interest on stock and bonds, not included in mar-
ket value I 509 86
Interest accrued and unpaid on bank deposits 21671
Interest due and unpaid on loans 78 12
Agents' balances 19,447 77
Bills receivable , 1,052 07
Premium notes on hand on which policies are issued $ 537,918 27
Deduct amount paid thereon, $155,695.54; and amount assessed thereon
remaining unpaid, $46,039.03 201,734 57
Balance carried out 336,183 7G
Total assessments on premium notes $ 201,734 57
Deduct amount paid thereon . . 155,695 54
Balance carried out 46,039 03
Office furniture. Goad's plans, kid 4,980 00
Reinsurance on losses paid 2,681 96
Total assets I 628,690 16
LIABILITIES.
Net amount of fire losses adjusted but not due. I 5,642 94
It II claimed but not adjusted . 10,041 09
II II resisted— in suit ($2,000 accrued in previous year) 2,875 00
Total net amount of unsettled claims for fire losses in Canada $ 18,559 03
Reserve of unearned premiums for all outstanding risks in Canada. . . . 517,825 00
Amount of all other claims, reinsurance premiums 5,349 67
Total liabilities (excluding capital stock) | 541,733 70
Surplus on policy-holders' account $ 86,956 46
INCOME.
Gross cash received for premiums $ 391,199 50
Deduct reinsurance, rebate, abatement and return premiums 57,893 77
Net cash received for premiums $ 333,305 73
Received for interest and dividends on stocks and all other sources ... 5,194 72
Received for rent 138 00
Income from other sources 545 87
Total cash income I 339,184 3:
FIRE AND MARINE INSURANCE COMPANIES 81
SESSIONAL PAPER No. 8
LONDON MUTUAL YIKE—CoTicluded.
EXPENDITURE.
Net amount paid during the year for fire losses occurring in previous years
(which losses were estimated in last statement at $11,720.44) % 18,067 06
Deduct amount received for reinsurance 3,746 62
Net amount paid during the year for said losses , § 14,320 44
Paid for losses occurring during the year $ 179,070 73
Deduct savings and salvage and reinsurance 36,523 28
Net amount paid during the year for said losses $ 142,547 45
Total net amount paid during the year for fire losses $ 156,867 89
Commission or brokerage 56,837 98
Taxes 2,719 29
Salaries, fees and all other charges of officials 25,793 56
Miscellaneous payments, viz.: — Bank commission, $327.51; law ex-
penses, 11,918.38; postage, $2,657.85 ; printing and advertising,
$2,510.71; rewards, and gratuities, $150; furniture and plans,
$2,101.92; expenses, $2,999.15; stationery, $1,618.62; agency
inspection, $808 . 26 ; bad money, $9 ; rent, $100 15,201 40
Total cash expenditure $ 257,420 12
CASH ACCOUNT.
Dr. Cr.
1901. 1902
Dec. 31. To balance in hand and in Dec. 31. By expenditure during the
banks at this date .... $ 61,859 46 year as above $ 257,420 12
1902 . By investments 34,250 00
Dec. 31 . Income as above 339,184 32 Balance in hand and in banks
Bills receivable 683 23 at this date 110,297 94
Money returned 241 05
$ 401,968 06 $ 401,968 06
RISKS AND PREMIUMS.
Fire Risks in Canada. No. Amount. "^JfeTeo™^
Gross policies in force at date of last statement. 50,849 $57,379,922 $831,914 43
Taken during the year— new and renewed 26,605 33,310,488 544,314 59
Total 77,454 $ 90,690,410 $1,376,229 02
Deduct terminated 18,317 23,868,546 336,499 57
Gross in force at end of year 59,137 $ 66,821,864 $1,039,729 45
Deduct reinsured 4,834,031 70,.304 83
Net in force at December 31, 1902 59,137 $ 61,987,833 $ 969,424 62
Total number of policies in force at date 59,137
Total net amount in force $ 61,987,833 00
Total premiums thereon 969,424 62
8—6
82 DEPA R TMENT OF FINANCE— INS URA NCE BRA NGH
2-3 EDWARD VII., A. 1903
THE MANCHESTER ASSURANCE COMPANY.
Statement for the Year ending December 31, 1902.
President — Thomas Barham Foster. | Manager — H. S. Mallett.
Principal Office — Manchester, England.
Chief Agent in Canada — James Boomer. | Head Office in Canada — Toronto
(Established, June 21, 1824. Commenced business in Canada, May 20, 1890.)
capital.
Amount of joint stock capital authorized and subscribed for % 9,733,333 33
" " paid up in^cash 97.3,333 33
assets in CANADA.
Stocks, bonds and debentures in deposit with the Receiver General : —
Par value Market value.
Canada '6\ per cent stock % 102,200 00 $ 104,244 00
„ 4 ,. .. 60,000 00 61,800 00
n 4 M ,. (reduced) 9,733 33 10,317 33
Total par and market values .$ 171,933 33 $ 176,361 33
Carried out at market value f 176,361 33
Cash at head office in Canada 3,225 64
Cash in banks, viz.: — Molsons Bank, Toronto 12,881 97
Cash in hands of agents in Canada 16,249 42
Office furniture and maps 3,500 00
Total assets in Canada $ 212,218 36
liabilities in CANADA.
Net amount of losses adjusted but not due . . $ 551 63
n reported or supposed but not claimed 7,313 56
„ resisted — in suit (accrued in previous years) 966 79
„ ,t not in suit (accrued in previous years). .. . 657 72
Total net amount of unsettled claims I 9,489 70
Reserve >of unearned premiums upon all unexpired fire risks in Canada. 150,757 30
Due for reinsurance and other accounts 1,121 19
Total liabilities in Canada $ 161,368 1 9
FIRE AND MARINE INSURANCE COMPANIES
SESSIONAL PAPER No. 8
MANCHESTER— Co7^«^m*e(^.
83
INCOME IN CANADA.
Gross cash received for premiums * $ 234,532 42
Deduct reinsurance, rebate, abatement and return premiums . . 42,582 24
Net cash received for premiums $ 191,950 18
Interest on Government deposit paid direct to head office 6,366 33
Interest on deposit, Molsons Bank 199 38
Total income in Canada | 198,515 89
EXPENDITURE IN CANADA.
Amount paid during the year for losbes occurring in previous years (which
losses were estimated in the last statement at $9,031 85) .\
Deduct reinsurance
9,005 54
10 20
Net amount paid for said losses $
,995 34
Amount paid for losses occurring during the year $ 66,941 17
Deduct savings and salvage and reinsurance 2,612 43
Net amount paid during the year for said losses $ 64,328 74
Total net amount paid during the 3'ear for fire losses in Canada
Commission or brokerage in Canada
Salaries, fees and all other charges of officials in Canada
Taxes in Canada
Miscellaneous, viz.: — Stationery and printing, $1,138.03 ; travelling,
$920.52 ; advertising and subscriptions, $1,878.36 ; postage, tele-
grams and exchange, $1,367.38 ; office expenses, $584.30 ; legal
expenses, $45.45 ; maps and plans, $1,165.85 ; underwriters' asso-
ciations, $2,090.14 ; rents, $2,062.50 ; auditors fees, $294.71
73,324 08
37,738 87
13,443 00
3,617 59
11,547 24
Total expenditure in Canada $ 139,670 78
RISKS AND PREMIUMS.
Fire Risks in Canada.
Amount.
Premiums
thereon.
Gross policies in force at date of last statement $ 24,522,380 $ 339,356 69
Policies taken during the year— new and renewed 16,702,800 234,130 24
Total S 41,225,180 8 573,486 93
Deduct terminated 18,096,347 253,274 71
Gross in force at end of year $ 23,128,733 S 320,212 22
Deduct reinsured 1,539,226 22,078 OS
Net in force on December 31, 1902 $ 21,589,507 $298,134 14
Total numl)er of policies in force at date (No return.)
Total net amount in force $21,589,507 00
Total premiums thereon 298,134 14
8-61
84 DEPARTMENT OF FINANCE— INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
MANCHESTER— 6W«^n^ted
General Business Statement for the Year ending December 31, 1902.
The net premiums amounted to £732,939 12s. 8d., a reduction of .£96,920 3s. 9d.
upon the preceding year, due to the abandonment of business in unprofitable fields
referred to at the last annual meeting of shareholders. The losses incurred were
£442,794 14s. 4d. or 60*4 per cent of the net premiums, and the working expenses,
including commissions, were £274,804 3s. lOd.
Owing to the difficulty of forming accurate estimates for unsettled claims on the
accident business, incurred prior to its sale, a further sum of £1,173 9s. Id. has had to
be provided in the annexed account.
The credit balance on the revenue account is £32,837 5s. 3d., of which $22,995 5s.
is absorbed by the dividend to shareholders and interest on bonds, thus leaving £9,842
Os. 3d. to be added to the reserve funds.
While the actual fire trading surplus for the year shown by the revenue account
is £15,340 14s. 6d., the account is entitled to be credited with at least one-third of the
reduction in premiums on account of the smaller reserve required against liabilities on
current insurances. Consequently the real underwriting profit on the year is not less
than, say, £47,000, and as illustrating this the directors beg to point out that the ratio
of reserve funds to premiums has increased 6*3 per cent, while the proportion of total
funds to premiums has improved 10 per cent.
FIRE AND MARINE INSURANCE COMPANIES
85
SESSIONAL PAPER No. 8
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DEPARTMENT OF FINANGE-INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
THE MERCANTILE FIRE INSURANCE COMPANY.
Statement for the Year ending December 31, 1902.
President — W. A. Sims.
Principal Office — Waterloo. Ont.
Business Office — Toronto.
Secretary and Chief Agent —
Alfred Wright.
(Incorporated by Ontario Act, 37 Vic, Cap. 87, 1874 ; amended by 55 Vic, Cap. 101
(Ontario), 1892. Commenced business in Canada, November 1, 1875.)
CAPITAL.
Amount of joint stock capital authorized
Amount subscribed for
Amount paid up in cash
(For List of SJiareholders, see Appendix.)
500,000 00
250,000 00
50,000 00
assets.
stocks, bonds and debentures in deposit with the Receiver General, viz.: —
Par value. Market value.
Thorold debentures
Leamington debentures .
Arthur
Thamesville
Markdale
Markham
Berlin
Canada 3 per cent stock 58,400 00
4 „ 10,000 00
3,250 25
6,034 21
5,000 00
2,265 00
2,553 65
10,055 00
3,248 00
3,493 48
6,491 88
5.333 95
2,348 83
2,747 32
11,999 89
3,384 37
60,604 62
10.108 70
Total par and market values $ 101,406 11 % 106,513 04
Carried out at market value
Bonds, (fee, held by the company, viz.: —
Par value.
*British Columbia bonds % 10,000 00
*Dominion stock 12,000 00
*Great North of Scotland 4 per cent Pref. B. stock . . 24,333 33
*North British lien consolidated 3 per cent stock 45,422 20
*London, Tilbury and Southend Railway 20,102 60
$ 106,513 04
Berlin debentures .
Guelph
Markdale
Thorold
Leamington
Thamesville
Markham
380 00
1,200 00
298 72
380 16
706 29
270 00
488 11
Market value.
$ 10,696 66
12,143 79
25,915 00
43,858 83
24,027 55
380 00
1,200 00
298 72
380 16
706 29
270 00
488 11
Total par and market values $ 115,581 41 $ 120,365 11
*Held by the chairman and deputy chairman of the London and Lancashire Fire Insurance Company
in trust for the Mercantile Fire.
FIRE AND MARINE INSURANCE COMPANIES 87
SESSIONAL PAPER No. 8
MERCANTILE YlRl^—Continuerl
ASSETS — Concluded.
Carried out at market value | 120,365 1 1
Cash on hand at head office 3,859 63
Cash for investment 7,235 37
Cash in Bank of Montreal viz.: — Current account, $12,889.95 ; Special
deposits, $10,000.00 22,889 95
Interest accrued and unpaid on stocks and bonds, not included in
market value ' 1,637 72
Agents' balances 2,170 11
Bills receivable (overdue) 132 09
Total assets $ 264,803 02
LIABILITIES.
Net amount of losses claimed but not adjusted . . .'. I 790 00
II II reported or supposed, but not claimed 4,747 00
II II resisted — not in suit 700 00
Total net amount of unsettled claims for fire losses % 6,237 00
Reserve of unearned premiums for all outstanding risks in Canada . . . 59,516 95
Total liabilities (excluding capital stock) | 65,753 95
Surplus on policy-holders' account $ 199,049 07
INCOME.
Gross cash received for premiums $ 88,137 54
Deduct reinsurance, rebate, abatement and return premiums 8,995 06
Net cash received for premiums .$ 79,142 48
Total net cash received for premiums $ 79,142 48
Received for interest and dividends on stocks, bonds, &c , 7,633 39
Total cash income % 86,775 87
EXPENDITURE.
Amount paid for fire losses occurring in previous years (which losses were
estimated in the last statement at $5,942.51) $ 3,639 20
Amount paid for losses occurring during the year $ 24,438 74
Deduct amount received for reinsurance 1 82
Net amount paid during the year for said losses $ 24,436 92
Total net amount paid during the year for fire losses I 28,076 12
Commission or brokerage 13,326 76
Salaries, fees and all other charges of officials 1,937 19
Taxes 646 65
Miscellaneous payments, viz.: — Postage, telephone, telegrams and ex-
press, $731.10; stationery and printing, $328.48; advertising,
$377.39; rent, $83.30; office expenses, $33.19; inspection,
$1,878.81; plans, $2.70; sundries, $378.05; fire underwriters,
$887.27 4,700 29
Total cash expenditure $ 48,687 01
88 DEPARTMENT OF FINANCE— INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
MERCANTILE YIKE—Conchided.
CASH ACCOUNT.
Dr. Or.
1901. 1902.
De3. 31. To balance in hand and in Dec. 31. By expenditure as above $ 48,687 01
banks at this date •$ 29,906 31 Investments 47,354 26
1 902. Balance in hand and in banks
Dec. 31. Income as above 86,775 87 at this date 26,749 58
Received from realization of
investnnents 6,108 67
$ 122,790 85 % 122.790 85
RISKS AND PREMIUMS.
No.
Gross policies in force at date of last state-
ment. 14,465
*Taken during the year— new 2,140
II ti renewed.. 3,261
Deduct terminated.
Total 19,866
,628
Gross in force at end of year 11,!
Deduct reinsured
Amount.
S 11,084,923
3,034,622
3,367,428
$ 17,486,973
7,234,456
$ 10,252,517
79,952
Premiums
thereon.
$ 134,419 12
40,047 78
47,057 79
$ 221,524 69
100,843 21
$ 120,681 48
1,274 97
Net in force at December 31, 1902 11,238 $ 10,172,565 $ 119,406 51
Total number of policies in force at date 11,238
Total net amount in force $ 10,172,565 00
Total premiums thereon 1 19,406 51
*In addition to the Canadian risks, $2,901,000 in amount and $24,275 in premiums were written on
" Mercantile" policies in other countries, and all reinsured with the London and Lancashire Five.
FIRE AND MARINE INSURANCE COMPANIES
SESSIONAL PAPER No. 8
THE NATIONAL ASSURANCE COMPANY OF IRELAND.
Statement for the Year ending December 31, 1902.
Secretary — C. Chevallier Cream.
Chief Agent in Canada — Hugh M. Lambert.
Head Office in Canada — Montreal.
Frincijml Office — Dublin.
(Incorporated, November 10, 1828. Commenced businoss in Canada, April 2, 1883.)
I
capital.
Amount of joint stock capital authorized £ 2,000,000 = $ 9,733.333 33
,. subscribed for 1,000,000 = 4,866,666 67
,1 paid up in cash 100,000 = 486,666 67
assets in CANADA.
Stock and bonds in deposit with the Receiver General, viz. : —
Par value. Market value.
Canada 4 per cent bonds. . $ 30,000 00 $ 30,000 00
Province of Manitoba 4 per cent bonds 5,000 00 5,400 00
Canadian Northern Railway Guarantee 4 per cent bonds 35,040 00 36,091 00
Canada 4 per cent stock . 100,16100 100,16100
Total par and market values $ 170,201 00 $ 171,652 00
Carried out at market value $ 171,652 00
Cash in Bank of British North America 12^816 78
Cash in deposit with C.F.U.A 250 00
Amount of cash in the hands of agents in Canada 25,031 99
Office furniture, including maps, plans, books, &c 5,000 00
Interest accrued 917 74
Total assets in Canada I 215,668 51
LIABILITIES IN CANADA.
Net amount of losses in Canada claimed but not adjusted $ 1, 134 67
II II resisted— in suit . . 3,250 00 .
Total net amount of unsettled claims for fire losses in Canada $ 4,384 67
Reserve of unearned premiums for all outstanding risks in Canada. . . . 173,872 48
Total liabilities in Canada $ 178,257 15
90 DEPARTMENT OF FINANCE-INSURANCE BRANCH
2-3 EDWARu VII., A. 1903
NATIONAL OF IRELAND— Co/*^muerf.
INCOME IN CANADA.
<Tros8 cash received foi' preminms $ 307,506 23
Deduct reinsurance, rebate, abatement and return premiums 39,506 25
Net cash received for premiums $ 267,999 98
Interest on bonds, stocks, mortgages, Ac 6,808 04
Interest from cash deposits 185 30
Total cash income in Canada $ 274,993 32
EXPENDITURE IN CANADA.
Amount paid for losses occurring in previous years (which losses were
estimated in the last statement at $13,645.61) . $ 13,127 48
Deduct amount received for reinsurance , 4,360 08
Net amount paid for said losses . . $ 8,767 40
Amount paid for losses occurring during the year $ 112,023 00
Deduct savings and salvage and reinsurance 107 62
Net amount paid during the year for said losses $ 111,915 3S
Total net amount paid during the year for fire losses -I 120,682 78
Commission or brokerage in Canada 52,946 19
Salaries, fees and all other charges of officials in Canada 6,654 22
Taxes in Canada 3,921 31
Miscellaneous expenditure, viz.: — Stationery and printing, $1,284.50;
advertising and subscriptions, $1,653.29 ; furniture and plant,
11,480.02; postage, express and telegrams, $925.28; travelling,
$954.94 ; office rent, $1,051.37 ; Board of Underwriters, $2,438.44 ;
sundry general expenses, $1,900.68 11,688 52
Total cash expenditure in Canada $ 195,893 02
RISKS AND PREMIUMS.
' A^^„«j. Premiums.
Amount. thereon.
Gross policies in force at date of last statement $ 21,315,965 S 303,313 67
Policies taken during the year— new and renewed 18,804,814 311,497 70
Total , ...$ 40,120,779 $614,81137
Deduct terminated 18,106,678 271,419 26
Gross in force at end of year ; $ 22,014,101 $ '343,392 12
Deduct reinsured 298,356 3,418 21
Net in force at December 31, 1902 $ 21,715,745 $ 339,973 91
Total number of policies in force in Canada at date (No return.)
Total net amount in force $21,715,745 00
Total premiums thereon 339,973 91
FIRE AND MARINE INSURANCE COMPANIES 91
SESSIONAL PAPER No. 8
NATIONAL OF IKELA'^J)— Continued.
General Business Statement for the Year ended December 31, 1902.
FIRE department.
The premiums, less reassurances, for the year amounted to £409,507 Is. lid.,
being .£14,456 12s. 2d. less than the previous year, and the fire claims to £267,227
13s. 7d., which includes a sum of over £14,000 for losses incurred on business re-
Hnquished.
The commission and expenses were £138,990 10s. 5d., including certain expenses
amounting to £1,500. which expenses have in previous years been charged to profit and
loss account.
Fire Revenue Accounts.
1902. £ s. d. 1902. £ s. d.
Dec. 31, Premiums received (after Jan. 1, By balance brought forward 62,258 1 9
deduction of reinsurance) 409,507 1 11 Dec. 33, Fire claim (after deduction
Balance transferred from of amounts recovered by
accident account 891 5 1 reinsurance) , 267,227 13 7
Balance at end of year .... 58,077 18 9 Commission 81,467 11 2
Expenses of management. 57,522 19 ^
£ 468,476 5 9
PROFIT AND LOSS ACCOUNT.
£ 468,476 5 ^
1902. £ s. d. 1902. £ s. d.
Jan. 1. Balance of last year's account 643 19 8 Dec. 1. Interest on payments in ad -
Dec. 31. Interest and dividends not vance of call 1,692 5 8-
carried to other accounts. . . 481 1 0 Great Britain expenses ac-
Amount transferred from count 171 0 4
the late Royal Exchange Balance at end of the year. . 2,216 7 4
Company of Dublin . 1,868 12 6
Transfer from Great Britain
trust fund 1,086 0 2
£ 4,079 13 4 £ 4,079 13 4
DEPARTMENT OF FINANCE— INSMBANCE BRANCH
2-3 EDWARD VII., A. 1903
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94 DEPARTMENT OF FINANCE-INSURANCE BRANCH
2-3 EDWARu VII., A. 1903
THE NORTH BRITISH AND MERCANTILE INSURANCE COMPANY.
Statement for the Year ending December 31, 1902.
Chairman — Quintin Hogg. | Manager — Philip R. D. Maclagan.
Maiiager hi Canada — Randall Davidson.
Princi'pal Office — Edinburgh. | Head Office in Canada — Montreal.
(Established, 1809. Commenced business in Canada, 1862.)
capital.
Amount of joint stock capital authorized, £3,000,000 % 14,600,000 00
Amount subscribed for, £2,750,000 13,383,333 33
Amount paid up, cash, £687,500 3,345,333 33
ASSETS IN CANADA.
Real estate (less encumbrances) in Canada, held by the company, viz.: —
Four-story building, situated N. W. corner St. Frangois-Xavier and
Hospital streets, Montreal, occupied by the company and tenants
as offices.... % 55,000 00
Four-story building, 26 Wellington street, Toronto, occupied by the
company and tenants as offices 25,000 00
80,000 00
Loans secured by bonds or mortgages constituting a first lien upon real
r ." estate 2,165,347 79
Amounts of loans secured by bonds, stocks orother marketable collaterals 87,600 00
Stocks and bonds, viz.: —
Deposited ivith Receiver General : — Par value.
Montreal Harbour bonds $ 124,000 00
Montreal Corporation stock 14,000 00
County of Middlesex bonds . 73,000 00
Town of Owen Sound bonds 95,000 00
Town of St. Henry bonds 100,000 00
Province of New Brunswick bonds 25,000 00
Province of Manitoba bonds 31,146 67
Township of York bonds 19,000 00
County of Carleton bonds ' 10,000 00
Town of Welland bonds 32,000 00
City of Brantford bonds 20,000 00
City of Belleville bonds 50,000 00
Victoria Government bonds 50,613 33
Queensland bonds 97,333 33
Town of Goderich bonds 65,000 00
City of London bonds 25,000 00
Total deposited with Receiver General $ 831,093 33
FIRE AND MARINE INSURANCE COMPANIES %
SESSIONAL PAPER No. 8
NORTH BRITISH AND M^^QA^TILE— Continued.
Stocks and Bonds — Continued.
Other Investments entirely in control of the company : — Par value.
City of Halifax stock $ 15,000 00
Town of Lindsay bonds 69,000 00
Town of Windsor bonds. 20,000 00
Townof Acton, P. Q., bonds 19,000 00
City of Belleville bonds 15,000 00
Town of Brock vi lie Waterworks bonds 16,000 00
Town of Brockville Local Improvement bonds ! 8,021 95
City of Brantford 5^),000 00
Cote St. Antoine bonds 100,000 00
Town of Cobourg bonds 3,500 00
Town of Cornwall bonds 24,385 23
Town of Chatham bonds 6,000 00
Canada Permanent and Western Canada Mtge. Corpn. bonds 25,000 00
City of Hamilton bonds 43,610 00
City of Halifax bonda 44,000 00
City of Hamilton R. C. Separate School bonds 16,000 00
City of Hamilton R. C. School bonds 7,428 84
Village of Kingsville bonds 15,513 06
Town of Kincardine bonds 3,051 70
City of London bonds 20,000 00
Town of Lachine bonds 3.5,000 00
Town of Longueuil bonds 25,000 00
Lachine Dissentient School bonds 7,444 38
Town of Leamington bonds 3,768 50
City of Montreal stock 34,700 00
Montreal Board of Trade 5,000 00
Montreal Protestant School bonds 58,000 00
Montreal R. C. School bonds 55,000 00
Montreal Cotton Co. bonds 50,000 00
Merchants Cotton Co. bonds 50,000 00
City of Nelson, B.C., bonds 26,000 00
City of New Westminster bonds 63.500 00
City of Nelson, B.C., bonds 25,000 00
Norfolk & Western Pocahontas Coal Lands Purchase Money
First Mortgage bonds '. 25,000 00
City of Ottawa bonds .... 50,000 00
Town of Parkdale bonds ... 27,860 00
Town of Petrolia bonds 5,496 30
Town of Petrolia bonds , 6,04190
Town of Picton bonds 8,537 65
Prince Edward Island bonds 25,000 00
. Province of Quebec bonds 51,000 00
Township of Romney bonds 3,615 34
Township of Richmond, B. C, bonds 50,000 00
City of St. Catharines bonds 15,000 00
St. Cunegonde of Montreal City Water & Power Co. bonds. 75,000 00 ^
Townof St. Henri bonds 100,000 00
St. Louis Iron Mountain & Southern Railway Co., Unifying
and Refunding 4 per cent Gold bonds 25,000 00
St. James Cathedral debentures 55,107 26
City of Three Rivers bonds 43,000 00
Town of Trenton bonds. 30,000 00
Toronto Railway Company 25,000 00
City of Victoria, B. C, bonds • 126,000 00
Town of Salaberry of Valley field, P. Q., bonds 33,000 00
Town of Woodstock bonds 60,000 00
Town of Windsor bonds 12,472 00
City of Winnipeg Local Improvement bond? 5,730 00
Town of Wallaceburg bonds 14,238 40
West Toronto Junction lx.nds 31,300 00
Windsor Hotel bonds 50,0<X> 00
Winnipeg Electric Street Ry. bonds 50,000 00
Wabash R. R. Co., Second Mortgage bonds 25,000 00
Total in control of the company $1,962,222 51
Total stocks and bonds, par value $ 2,793,315 84
Cash in Bank of Montreal, Montreal 84,549 52
Interest accrued 62,703 92
96 DEPARTMENT OF FINANCE-INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
NORTH BRITISH AND WEKQA^TYLE— Continued.
ASSETS — Continued.
Balance due by agents in Canada $ 48,520 81
Office furniture and supplies in Montreal, Toronto and St. John, N.B. 2,500 00
Total assets in Canada | 5,324,537 88.
LUBILITIES IN CANADA.
Net amount of fire losses in Canada claimed but not adjusted % 6,287 50
Total net amount of unsettled claims for fire losses in Canada $ 6,287 50
Reserve of unearned premiums for all outstanding fire risks in Canada 407,292 98
Reinsurance fund, under the life insurauce branch 511,606 33
Due and accrued for salaries, rent, advertising, agency and other mis-
cellaneous expenses , 9,146 95
Total liabilities in Canada $ 934,333 7&
INCOME IN CANADA.
Gross cash received for fire premiums. $ 633,238 17
Deduct reinsurance, &c 63,495 66
Net cash received for fire premiums | 569,742 51
Received for interest on bonds^ stocks, mortgages, &c 195,981 97
Received for interest on bank deposits, &c 4,050 83
Rents 411 38
Total cash income in Canada $ 770,186 69
EXPENDITURE IN CANADA.
Amount paid during the j^ear for fire losses occurring in previous years
(which losses were estimated in the last statement at $29,571.51). . .$ 28,313 42
Paid for fire losses occurring during the year % 207,352 32
reinsurance , ... 2,278 18
Net amount paid for said losses $ 205,074 14
Total net amount paid during the year for fire losses in Canada $ 233,387 56
Commission or brokerage 91,558 01
Salaries, fees and all other charges of officials in Canada 25,274 56
Taxes in Canada 6,104 46
All other expenses in Canada, viz : — Advertising, newspapers and direc-
tories, $1,015.24 ; bookbinding, printing, stationery and office sup-
plies, 14,209.12; heating, lighting and water, $468.36 ; Under-
writers' Association, $4,627.23 ; travelling expenses, $3,070.53 ;
office furniture and expenses, $612.03 ; auditors' fees and legal
expenses, $580.15; rents, $2,907.98 ; insurance superintendence,
$239.53 ; postage, express, bank charges and telegrams, $3,204.40 ;
plans, $1,948.77 ; freight and duty, $89.71 ; telephone and tolls,
$245.40; fire marshal's salary, $37.23 ; miscellaneous, $361.35 ;
fire commissioner's salary, $192.24 ; Dominion Burglary Guarantee
protection, $486.67. Total, $24,295.94; less proportion of ex-
penses chargeable to life branch, $1,500 22,795 94
Total cash expenditure $ 379,120 53
FIRE AND MARINE INSURANCE COMPANIES 97
SESSIONAL PAPER No. 8
NORTH BRITISH AND MERCANTILE— Con^mwecf.
RISKS AND PREMIUMS.
Fire Eisks in Canada. No. Amount. Pi-enuums
thereon.
Gross policies in force at date of last statement.. 35,093 $61,432,804 $751,244 96
Taken during the year— new and renewed. . . 21,459 47,113,455 635,199 01
Total 56,552 $ 108,546,259 $1,386,443 97
Deduct terminated 21,137 43,953,837 569,799 18
Gross in force at end of year 35,415 $ 64,592,422 $ 816,644 79
Deduct reinsurance 1,818,078 24,009 79
Net in force at December 31, 1902 35,415 $ 62,774,344 $ 792,635 00
Total number of policies in force at date 35,415
Total net amount in force I 62,774,344 00
Total premiums thereon 792,635 00
8-7
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100 DEPARTMENT OF FINANCE— INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
THE NORTHERN ASSURANCE COMPANY.
Statement for the Year ending December 31, 1902.
Chairman — Ernest Chaplin. I General Manager — H. E. Wilson.
Principal Offices — London and Aberdeen.
Head Office in Canada — Montreal. | Manager for Canada^— ^OYi^wsi W. Tyre.
(Established, June 2, 1836. Commenced Business in Canada, 1867.)
CAPITAL.
Amount of joint stock capital authorized and subscribed for. £3, 000, 000 % 14,600,000 00
Amount paid up in cash 300,000 1,460,000 00
ASSETS IN CANADA.
Stocks and bonds in deposit with Receiver General : —
Par value.
British Columbia bonds $132,800 00
City of Toronto bonds 111,446 67
Total par value $ 244,300 67
Carried out at par value | 244,306 67
Cash in hand 6,389 15
Cash in banks, viz : —
Bank of Montreal, Montreal % 2,660 18
t. British North America, Victoria 705 05
Total 3,425 23
Cash in hands of agents in Canada 27,007 35
Insurance maps and plans 4,000 00
Office fixtures and furniture 2,500 00
Total assets in Canada $ 287,628 40
LIABILITIES IN CANADA.
Net amount of losses in Canada claimed but not adjusted % 14,823 22
Net amount of losses resisted— in suit 1,200 00
Total net amount of unsettled claims for losses in Canada % 16,023 22
Reserve of unearned premiums for all outstanding fire risks in Canada. 244,607 63
Total liabilities in Canada % 260,630 85
FIRE AND MARINE INSURANCE COMPANIES
SESSIONAL PAPER No. 8
NORTHERN— Conc'Zi^c^ec/.
INCOME IN CANADA.
Gross cash received for fire premiums $ 401,002 28
Deduct reinsurance, rebate, abatement and return premiums 40,500 81
Net cash for fire premiums
■^Interest and dividends on stock and all other sources
Total cash income in Canada
101
$ 360,501 47
12,475 70
I 372,977 17
EXPENDITURE IN CANADA.
Amount paid during the year for fire losses occurring in previous years
(which losses were estimated in the last statement at $4,420.28). .. $ 2,768 59
Paid for fire losses occurring during the year $ 99,364 79
Deduct reinsurances 1,329 76
Net amount paid for said losses $ 98,035 03
Total net amount paid during the year for fire losses in Canada
Commission or brokerage in Canada
Salaries, fees and all other charges of officials in Canada
Taxes in Canada , .
Miscellaneous payments, viz. : — Maps and plans, $974.02 ; postage,
$1,829.37; underwriters' associations, $3,077.93; rents, $2,255;
stationery and printing, $1,786.03; travelling expenses, $1,556.30;
advertising, $1,590.28; office expenses, $2,123.65; sundries,
$856.82
Total expenditure in Canada
100,803 62
60,383 50
14,502 84
3,854 49
16,049 40
$ 195,593 85
Fire Risks in Canada.
RISKS AND PREMIUMS.
No. Amount.
Premiums
thereon.
Gross policies in force at date of last statement. . .21,310 $ 32,460,821 $ 438,861 49
Taken during the year— new and renewed 14,699 27,108,205 403,524 92
Total 36,009 $ 59,569,026 $ 842,386 41
Deduct terminated 12,923 24,832,825 ,357,292 84
Gross in force at end of year 23,086 $ 34,736,201
Deduct reinsured 488,570
Net in force at December 31, 1902
485,093 57
5,306 29
,23,086 $ 34,247,631 $ 479,787 28
Total number of policies in force in Canada at date 23,086
Total net amount in force $ 34,247,631 00
Total premiums thereon 479,787 28
(For General Business Statement, see Appendix.)
* Interest on deposit paid direct to head office, London.
102 DEPARTMENT OF FINANCE— INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
THE NORWICH UNION FIRE INSURANCE COMPANY.
Statement for the Year ending December 31, 1902.
President — Major F. Astley Cubitt. | SecretAiry — C. A. Bathurst Bignold.
Principal 0^'ce— Norwich, England.
Chief Agent i7i Canada — John B. Laidlaw. | Head Office in Canada — Toronto.
(Organized and commenced business, 1797. Commenced business in Canada, April, 1880.)
capital.
Amount of joint stock capital authorized and subscribed for. £1,100,000 | 5,353,333 33
Amount of capital paid up in cash 132,000 642,400 00
assets in CANADA.
Stocks and bonds in deposit with Receiver General, viz. : —
Par value.
Canada 4 per cent stock - .$ 100,000 00
Canada 3 per cent stock 24,333 33
Western Canada Loan and Savings Co. debentures 25,000 00
British Consolidated 2| per cent stock 48,666 67
City of Quebec 3^ per cent stock 24,.333 33
City of Montreal Permanent debenture stock, 3 per cent 24,333 33
.1 ., M 3i per cent 24,333 34
Canada Permanent and Western Canada Mortgage Corporation deben-
tures 25,000 00
Total par value $ 296,000 00
Carried out at par value , | 296,000 00
Cash on hand at head office in Canada 1 25 00
Cash in banks, viz.: —
Bank of Montreal, Toronto (current account) § 8,655 88
II I! (special account) 69,802 89
II Montreal (current account) 475 00
II M (special account). 5,282 05
Total .T^ .... 84,215 82
Agents' balances 28,302 50
Goad's plans 5,000 00
Total assets in Canada $ 413,643 32
LIABILITIES IN CANADA.
Net amount of losses claimed but not adjusted $ 1(5,509 04
M I! reported or supposed but not claimed 1,090 00
II II resisted— in suit (accrued in previous years) 300 00
Total net amount of unsettled claims for fire losses in Canada $ 17,899 04
Reserve of unearned premiums for all outstanding risks in Canada.. . . 263,234 30
Total liabilities in Canada I 281,133 34
FIRE AND MARINE INSURANCE COMPANIES 103
SESSIONAL PAPER No. 8
NORWICH V1^10^—Co7icluded.
INCOME IN CANADA.
Gross cash received for fire premiums $ 454, 45i 86
Deduct reinsurance, rebate, abatement and return premiums 57,498 25
Net cash received for premiums , % 396,956 61
Received for interest on stocks, bonds, mortgages, &c , 8,589 97
Income from other sources 308 47
Total income in Canada % 405,855 05
EXPENDITURE IN CANADA.
Amount paid for losses occurring in previous years (which losses were
estimated in last statement at $19,492 .90) $ 20,986 76
Deduct savings and salvage and reinsurance 2,207 96
Xet amount paid during the year for said losses $ 18,778 80 . .
Amount paid for losses occurring during the year $ 158,361 89
Less amount received for reinsurance and savings and salvage 1,056 71
Net amount paid during the year for said losses ^ 157,305 18
Total net amount paid during the year for fire losses . . .$ 176,083 98
Commission or brokerage and bonus on profits in Canada 67,030 27
Salaries, fees and other charges of officials 25,933 02
Taxes in Canada 4,828 64
Miscellaneous payments, viz.: — Stationery, $3,541.14; postage,
$2,282 . 78; advertising, $2,01 2 . 18; travelling expenses, $3,460 . 14;
Goad's plans, $2,622.20; sundry charges, $2,769.51; board.
expenses, $3,343 . 72 ; office furniture, |1,432 . Q4 ; rent, $1,600 . 08 ;
remittance charges, $528.82; express, $151.44; telegrams and
telephones, $668 . 30 ; legal expenses, $1,250 . . „ 25,662 35
Total cash expenditure in Canada $ 299,538 26
RISKS AND PREMIUMS.
Fire Risks in Caimda. No. Amount. "^tlTe^eoi"^
Gross policies in force at date of last statement. . . 25,459 .$ 33,511,439 $ 477,724 10
Policies taken during the year— new and renewed. 17,979 28,929,676 455,712 66
Total 43,438 $ 62,441,115 $ 933,436 76
Deduct terminated 16,696 26,766,514 409,544 81
Gross m force at end of year. 26,742 S 35,674,601 $ 523,891 95
Deduct reinsured 433,782 7,093 98
Net in force at Decemter 31, 1902 26,742 S 35,240,819 § 516,797 97
Total number of policies in force in Canada at date 26,742
Total net amount in force I 35,240,819 00
Total premiums thereon 516,797 97
(For General Business Statement^ see Appendix. )
104 ' DEPARTMENT OF FINANCE-INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
THE OTTAWA FIRE INSURANCE COMPANY.
Statement for the Year ending December 31, 1902.
President — Charles Magee. | Manager and Chief A getd — A. B. Powell.
Principal Office — Ottawa, Canada.
(Incorporated by letters patent bearing date September 30, 1899 ; commenced business
in Ontario, November 1, 1899 ; Dominion license issued, February 23, 1900.)
CAPITAL.
Amount of joint stock or guarantee capital authorized $ 1,000,000 00
Amount subscribed for 500,000 00
Amount paid up in cash 100,000 00
(For List of Shareholders, see Appendix.)
ASSETS.
Value of real estate (less encumbrances) held by the company $ 20,000 00
Stocks and bonds owned by the company, viz. : —
Par valvie. Value in account.
St. George's Church 4 per cent debentures . . / % 14,000 00 $ 14,000 00
♦Ottawa City SJ per cent debentures 56,000 00 50,000 00
Commercial Cable Company bonds 10,000 00 10,080 00
Belleville City 4 per cent debentures 10,000 00 10,162 50
Canada 4 per cent inscribed stock 10,000 00 10,106 00
Bank of Ottawa stock ... 10,000 00 20,362 50
Metropolitan Street Ry., New York, 4 per cent bonds. 10,( 00 00 9,750 00
Toronto Electric Light Co. 4| per cent bonds 10,000 00 10,000 00
Total par and market values $ 130,000 00 ^ 140,461 00
Carried out at market value 140,461 00
Cash at head office 124 07
Cash in banks, viz. : —
Bank of Ottawa $ 16,490 27
Total 16,490 27
Interest accrued and unpaid on stocks and bonds, not included in
market value ' 556 92
Agents' balances 16,91 1 33
Office furniture and plans, net 5,000 00
Rents due and unpaid 681 31
Total assets .$ 200,224 90
* On deposit with the Receiver General.
FIRE AND MARINE INSURANCE C0MPA2iIES
SESSIONAL PAPER No. 8 .
OTTAWA FIUE^Continued.
105
LIABILITIES.
(1.) Liabilities in Canada.
Net amount of losses due and yet unpaid
II II claimed but not adjusted.
205 24
1,637 20
Total net amount of unsettled claims in Canada
Reserve of unearned premiums for fire risks in Canada
Dividends declared and due and remaining unpaid . . . .
Due other companies for reinsurance. . ^
Total net amount of unsettled claims in other countries
Reserve of unearned premiums for fire risks in other countries ,
Total liabilities in other countries .
Total liabilities in all countries, except capital stock
Surplus on policy-holders' account
INCOME.
In Canada.
In other
countries.
Gross cash received for premiums $ 217,168 01 $ 76,919 93
Deduct reinsurance, rebate, abatement and return premiums. 76,882 97 15,251 65
Net cash received for premiums $ 140,285 04 $ 61,668 28
Net cash received for premiums in all countries
Income received for interest and dividends on stocks, bonds, tfcc
Total income
1,842 44
.97,770 34
4,000 00
2,837 71
Total liabilities in Canada, except capital stock $ 106,450 49
(2.) Liabilities iii other countries.
Net amount of losses due and yet unpaid , $ 270 71
II II claimed but not adjusted 3,707 05
3,977 76
31,095 21
I 35,072 97
$ 141,523 46
58,701 44
201,953 32
4,447 21
206,400 53
EXPENDITURE.
^ n ^ A^ I" other
In Canada. ^^untries.
Amount paid during the year for losses occurring in previoiis
years (which losses were estimated in the last statement
at $4,356.71) $ 5,282 81 Nil.
Deduct savings and salvage and reinsurance 1,147 47
Net am(mnt paid during the year for said losses % 4,135 34 Nil.
Amount paid for losses occurring during the year % 86,814 51 $ .5,508 37
Deduct savings and salvage and reinsurance 19,660 09 Nil.
Net amount paid during the year for said losses S 67,154 42 $ 5,508 37
Total net an.ount paid during the year for fire losses .... $ 71,289 76 $ 5,508 37
106 DEPARTMENT OF FINANCE— INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
OTTAWA 'Fl'K'E—Coiicluded.
EXPENDITU RE — Concluded.
Total net amount paid during the year for fire losses in all countries . .$ 76,798 13
Amount of dividends paid during the year, at 3 per cent 2,899 37
Commission or brokerage 48,1 18 15
Salaries, fees, etc . 13,095 03
Taxes 3,645 98
All other payments, viz. : — Excess of repairs and maintenance over
rents, $688.12; Goad's plans and office furniture, .$1,637.19 ; legal
expenses, $25.06; postage, telegrams and exchange, $1,706.78;
travelling expenses, $1,327.38; general* expenses, $2,125.20;
stationery, $1,260.80; rents, $810.50 ; advertising, $1.050 " . . 10,631 03
Total expenditure $ 155,187 69
Dr.
CASH ACCOUNT.
Gr.
1901. ^ 1902.
Dec. 31. To balance on hand and in Dec. 31. By Expenditure as above $ 155,187 69
banks at this date % 9,14150 Investments 43,740 00
1902. Balance on hand and in
Dec. 31. To income as above 206,400 53 banks this date 16,614 34
$ 215,542 03
§ 215,542 03
RISKS AND PREMIUMS.
In Canada.
In other Countries.
Total
IN ALL Countries.
Amount.
Premiums,
thereon.
Amount.
Premiums,
thereon.
Amount.
Premiums,
thereon.
Gross policies in force at
date of last statement. . .
Taken during the year, new
Renewed
16,864,659
9,522,862
5,262,123
$ cts.
223,812 60
134,234 53
8.5. .562 30
347,590
10,107,690
279,640
$ cts.
4,114 45
77,783 37
3,276 45
17,212,249
19,630,,552
5,541,763
^ ct.-.
227,927 05
212,017 90
88,838 75
Total
31,649,644 443,609 43
14,204,702 200,557 99
10,734,920
1,329,567
85,174 27
20,711 55
4^384,564
15,534,269
528,783 70
Deduct terminated .
221,269 54
Gross in force at end of
year
Deduct reinsurance
17,444,942
3,256,050
243,051 44
49,598 91
9,405,353
181,406
64,462 72
2,313 97
26,850,295
3,4.37,456
307,514 16
51,912 88
Net in force at December
31, 1902
14,188,892
193,452 53
9,223,947
62,148 75
23,412,839
255,601 28
Total number of policies in force in Canada at date (No return.)
Total net amount in force $ 23,412,839 00
Total premiums thereon 25o,601 28
FIRE AND MARINE INSURANCE COMPANIES 107
SESSIONAL PAPER No. 8
THE PHENIX INSURANCE COMPANY, BROOKLYN, N.Y.
Statement for the Year ending December 31, 1902.
President — Geo. P. Sheldon. | Secretary — Wm. A. Wright.
Principal Office — 16 Court Street, Brooklyn, N.Y.
Head Office in Canada — Toronto.
Chief Agent in Canada —
A. M. M. Kirkpatrick.
(Incorporated, September 10, 1853. Charter renewed, September 9, 1893, for thirty-
years. Commenced business in Canada, May 1, 1874.)
CAPITAL.
Amount authorized, subscribed for, and paid up in cash $ 1,000,000 00
ASSETS IN CANADA.
United States bonds on deposit with the Receiver General, viz.: —
Par value. Market value.
United States 4 per cent registered % 100,000 00 $ 108,000 00
Carried out at market value I 108,000 00
Cash in hands of agents in Canada 8,365 41
Total assets in Canada % 116,365 4 1
LIABILITIES IN CANADA.
Net amount of losses in Canada claimed but not adjusted % 7,7'2d 00
Reserve of unearned premiums for all outstanding fire risks in Canada. 99,994 73
Total liabilities in Canada $ 107,719 73
INCOME IN CANADA.
Gross cash received for fire premiums in Canada. '. $ 20.5,408 05
Deduct reinsurance, rebate, abatement and return premiums ...... 27,372 45
Total net cash received for premiums $ 178,035 60
Interest on bonds and mortgages in Canada (paid direct to head office). 4,000 00
Total cash income in Canada $ 182,035 60
108 DEPARTMENT OF FIKAyCE— INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
PHENIX OF BROOKLYN— Con^mwec/.
EXPENDITURE IN CANADA.
Amount paid during the year for fire losses occurring in previous years
(which losses were estimated in the last stateu)ent at $3,622.49) $ 3,599 77
Amount paid for losses occurring during the year $ 52,346 78
Deduct savings and salvage and reinsurance ... 1,246 60
Net amount paid during the year for said losses $ 51,100 18
Total net amount paid during the year for fire losses in Canada % 54,699 95
Commission or brokerage and contingent commission on profits 35,247 54
Taxes in Canada 2,892 62
General expenses : — Postage, $529.33 ; telegrams, $225.21 ; express,
$101.67; exchange, $189.58; duty on supplies, $218.20; board
expenses, $1,599.81; advertising, $72; printing and stationery,
$271.77 ; sundries, $1,850.95 5,058 52
Total cash expenditure in Canada $ 97,898 63
RISKS AND PREMIUMS.
Fire Riski in Canada. Amount. Premiums
thereon.
Gross ix)]icies in force at date of last statement .. , $ 11,661,100 $ 171,796 34
Taken during the year— new and renewed 13,016,517 202,057 82
Total $ 24,677,617 $ 373,854 16
Deduct terminated 11,785,575 176,134 60
Gross in force at end of year $ 12,892,042 S 197,719 56
Deduct reinsured 236,656 3,211 29
Net in force at December 31, 1902 $ 12,655,386 S 194,508 27
Total number of policies in force in Canada at date (No return.)
Total net amount in force $ 12,655,386 00
Total premiums thereon 194,508 27
General Business Statement for the Year ended December 31, 1902.
LEDGER ASSETS.
Book value of real estate unencumbered $ 401,404 39
Mortgage loans on real estate 64,600 00
Book value of stocks and bonds 4,872,005 33
Loans on bonds, stocks or other collaterals, par value, $80,400 ; market
value, $125,470 107,500 00
Cash on hand and in banks 536,508 38
Agents' balances 670,056 63
Total ledger assets $ 6,652,074 73
NON-LEDGER ASSETS.
Interest due and accrued 5,364 97
Rents accrued 4,374 95
Market value of real estate over book volue 166,595 61
Market value of bonds and stocks over book value 501,513 67
Total assets $ 7,329,923 93
FIRE AND MARINE INSURANCE COMPANIES 109
SESSIONAL PAPER No. 8
PHENIX OF BROOKLYl^— Concluded.
LIABILITIES.
Net amount of unpaid losses and claims $ 329,592 05
Unearned premiums 4,227,217 86
Due and accrued for salaries, rent, c^'c 2,650 00
Commissions, brokerage or other charges due or to become due to agents
or brokers 8,247 00
Return premiums and reinsurance premiums 4,062 14
Total liabilities, except capital stock | 4,571,769 05
Capital stock paid up in cash . $ 1,000,000 00
Surplus beyond liabilities and capital stock 1,758,154 88
INCOME.
Net cash received for premiums $ 5,626,137 02
Interest and dividends 166,012 27
Rents 37,285 68
Profit on sale or maturity of ledger assets 168,092 14
Income from all other sources, being uncollected office premiums of 1901. 45,465 28
Total cash income , $ 6,042,992 39
EXPENDITURE.
Net amount paid for losses $ 3,238,708 53
Dividends to stockholders 100,000 00
Commission or brokerage 1,151,562 45
Rents 40,482 84
Salaries, fees, etc 366,286 45
Taxes, licenses and insurance department fees 116,967 30
Loss on sale or maturity of ledger assets 48,050 00
All other disbursements 419,389 86
Total cash expenditure $ 5,481,447 43
RISKS AND PREMIUMS.
Fire risks—written or renewed during the year — amount. . ."$636,790,450 00
Premiums thereon 6,985,851 54
Terminated during the year 571,223,160 00
Premiums thereon 6,036,873 48
Net amount in force, December 31, 1902 727,275,923 00
Premiums thereon 8,182,900 99
110 DEPARTMENT OF FINANCE— INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
PHCENIX ASSURANCE COMPANY (LIMITED), LONDON, ENGLAND,
Statement for the Year ending December 31, 1902.
Chairman — The Rt. Hon. Lord Avebury, | Manager und Secretary —
F.R.S., D.C.L. I H. B. Guernsey.
Principal Office — 19 Lombard Street, London, E.C., Eng.
Chief Agents i^i Canada — Paterson & Son. | Head Office in Canada — Montreal.
(Organized, A.D. 1782. Commenced business in Canada, A.D. 1804.)
CAPITAL.
Amount of capital authorized and subscribed for £ 2,688,800 $ 13,085,493 33
Amount paid up in casb 268,880 1,308,549 33
ASSETS IN CANADA.
Stocks and bonds on deposit with Receiver General, viz. : —
Par value. Market value.
Canada 4 per cent reduced stock $ 50,126 67 $ 52,131 74
Canada 3^ per cent stock 70,566 66 72,683 66
Canada 3 per cent stock 61,614 .^5 62,846 84
Canada 4 per cent inscribed stock 48,666 67 50,613 33
British consolidated 2| per cent stock 131,400 00 122,202 00
City of Montreal 4 per cent bonds 6,000 00 0,240 00
Province of Quebec 3 per cent inscribed stock 34,553 33 31,443 53
City of Winnipeg debentures 25,000 00 25,000 00
Total par and market values $ 427,927 88 $ 423,161 10
Carried out at market value $ 423,161 10
Cash in hands of agents in Canada (Vancouver) 17,072 67
Cash in hand at office in Victoria ... 3,394 94
Interest accrued 4,308 40
Cash in banks (Vancouver) • 10,000 00
Total assets in Canada $ 457,937 1 1
LIABILITIES IN CANADA.
Net amount of fire losses unsettled — not resisted (.^2,300. 32 accrued in
previous years) $ 20,922 05
Net amount of fire losses resisted— not in suit 5,000 00
Total net amount of unsettled claims for fire losses in Canada. . $ 25,922 05
Reserve of unearned premiums for all outstanding fire risks in Canada... 456,226 80
Total liabilities in Canada $ 482,148 85
FIRE AND MARINE INSURANCE COMPANIES HI
SESSIONAL PAPER No. 8
PHOENIX OF LONDON— Con^mwec?.
INCOME IN CANADA.
Gross cash received for fire premiums. . . $ 871,122 89
Less reinsiirance, rebate, abatement and retnrn premiums 165,307 39
Net cash received for fire premiums $ 705,755 50
Add interest on the deposit with Receiver General, paid direct to the
head office in London 14,647 59
Total income in Canada $ 720,403 09
EXPENDITURE IN CANADA.
Paid during the year for fire losses occurring in previous years (which
losses were estimated in last statement at ^25,593.72) $ 25,871 38
Deduct reinsurance and savings and salvage 2,525 06
Net amount paid during the year for said losses .$ 23,346 32
Paid for fire losses occurring during the year $ 231,974 71
Deduct reinsurance 12,648 88
Net amount paid during the year for said losses. .$ 219,325 83
Total net amount paid during the year for fire losses $ 242,672 15
Commission or brokerage 172,592 09
Taxes in Canada 7,031 19
Miscellaneous paymefits, viz. : —
Canada sundries . % 6,111 87
Vancouver, B.C., sundries _ 4,376 50
Victoria, B.C. .. 449 52
10,937 89
Total cash expenditure in Canada $ 433,233 32
RISKS AND PREMIUMS.
Fire Risks in Canada. No. Amount.
Premiums
thereon.
Gross policies in force at date of last statement. . 26,913 $ 55,278,875 $ 803,658 59
Taken during the year— new and renewed . . . 17,761 54.356,958 873,028 64
Total 44,674 $ 109,635,833 $1,676,687 23
Deduct terminated 16,300 47, 113,975 746,524 79
(iross in force at end of year 28,374 $ 62,521,858 $ 930,162 4t
Deduct reinsured 5,650,285 80,625 14
Net in force, December 31, 1902 28,374 $ 56,871,573 $ 849,537 30
Total number of policies in force at date 28,374
Total net amount in force $ 56,871,573 00
Total premiums thereon 849,537 30
112 DEPARTMENT OF FINANCE-INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
PHCENIX OF l.01^DO^—Conti7iued.
General Business Statement for the Year ending December 31, 1902.
The premiums received during the year, less reinsurances, amount to £1,415,642
lis. Od., an increase of £29,968 4s. 9d.
The expenses and losses (paid and outstanding) amount to £1,320,385 5s. 3d., a
decrease of £52,851 10s. 8d.
The result of the year's working, including interest, provision for unexpired risks,
and balance brought forward from the last account, and allowing for interim dividend,
and an addition to investment reserve of £38,478 18s. 9d., leaves a balance at the
credit of profit and loss of £133,548 12s. 4d., out of which the directors propose to
declare a final dividend of 23s. per share, to be paid on April 30. This, with the in-
terim dividend of 12s. per share paid October 31 last, makes the total of 35s. per share
for the year.
The funds of the office on December 31, 1902, were as under :
Capital paid up
Reserve for unexpired risks
Investment reserve .
General reserve fund . .
Balance at credit of profit and loss account
£
s.
d.
268,880
0
0
566,257
0
5
62,662
10
1
648,790
2
7
133,548
12
4
£1,680,138
5
5
FIRE AND MARINE INSURANCE COMPANIES
SESSIONAL PAPER No. 8
113
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FIRE AND MARINE INSURANCE COMPANIES 115
SESSIONAL PAPER No. 8
THE PHOENIX INSURANCE COMPANY.
Statement for the Year ending December 31, 1902.
President— D. W. C. Skilton. | Secretary— ^m\K^D Milligan.
Chief Agent in Canada — J. W. Tatley.
Principal Q^ce— Hartford, Conn. | Head Office in Canada— KontYeaX.
(Incorporated, May 31, 1854. Commenced business in Canada, May 20, 1890.)
CAPITAL.
Amount of joint stock capital authorized $ 5,000 000 00
" subscribed for and paid up in cash 2,000 000 00
assets in CANADA.
Stocks and bonds owned by the company, viz. :—
Par value. Market value.
City of Guelph bonds $ 24,000 00 $ 27,600 00
„ Brandford bonds. . . 25,000 00 26,625 00
„ Victoria bonds 20,000 00 23,200 00
Town of St. Henry Iwnds 75,000 00 80,250 00
Province of New Brunswick bonds 5,000 00 5,400 00
(The above are deposited with the Receiver General.)
$ 149,000 00 $ 163,075 00
Imperial Bank stock 20,400 00 48,552 00
$ 169,400 00 $ 211,627 00
Total carried out at market value f 211,627 00
Cash at head office in Canada 5,635 07
Cash in hands of agents in Canada 12,119 25
Interest accrued 2,224 16
Maps and plans ■ 4,92.3 36
Office furniture 1,044 63
Total assets in Canada $ 237,573 47
LIABILITIES IN CANADA.
Net amount of losses in Canada due and yet unpaid $ 5,494 69
adjusted but not due 1,316 67
.1 i> claimed but not adjusted 807 00
.1 11 reported or supposed but not claimed .. . 2,813 06
Total $ 10,431 42
Less reinsurance recoverable from licensed companies for losses paid in 1902 320 10
; ; M I M
Total net amount of unsettled claims for fire losses in Canada $ 10,111 32
Reserve of unearned premiums for all outstanding fire risks in Canada. . 97,818 72
Total habilities in Canada % 107,930 04
8—84
116 DEPARTMENT OF FINANCE-INSURANCE BRANCH
2-3 EDWARD VI i., A. 1Q03
PHCENIX OF HARTFORD— Con^nmec/.
INCOME IN CANADA.
Gross cash received for premiums $ 168,680 89
Deduct reinsurance, rebate, abatement and return premiums 28,889 58
Net cash received for premiums $ 139,791 31
Received for interest on bonds, stocks, mortgages, tfcc, in Canada 8,895 00
Received for interest on bank account 89 15
Total income in Canada | 148,775 46
EXPENDITURE IN CANADA.
Amount paid during the year for losses occurring in previous years (which
losses were estimated in the last statement at ^10,095.81) .$ 10,783 41
Less amount received for reinsurance 18 39
Net amount paid during the year for said losses $ 10,765 02
Amount paid for losses occurring during the year $ 38,268 08
Deduct amount received for savings and salvage and reinsurance 1,856 07
Net amount paid during the year for said losses $ 36,412 01
Total net amount paid during the year for fire losses in Canada ^ 47,177 03
Commission or brokerage 25,3yl 72
Salaries, fees and all other charges of officials in Canada 6,214 40
Taxes in Canada 3,218 77
Miscellaneous payments, viz, : — Travelling expenses, $1,068.12; Under-
writers' Association, $1,070.42 ; postage and telegrams, |1,065.01 ;
stationery and printing, $1,144.38 ; maps and insurance plans,
$450.70; customs and express, $264.23; rents, $1,920.21; ad-
vertising, $569.50 ; exchange, $233.08; subscriptions, $159 ; sun-
dries, $504.75 ; office furniture, $68.40 8,517 80
Total expenditure in Canada $ 90,519 72
RISKS AND PREMIUMS.
Fire Risks in Canada. No. Amount. Premiums
thereon.
Gross policies in force at date of last statement, . ,12,167 -S 13,601,846 •'fi 193,683 65
Taken during the year — new and renewed 8,881 9,178,445 166,549 95
Total 21,048 $ 22,780,291 8 360,233 60
Deduct terminated 8,480 10,528,163 153,305 42
Gross in force at end of year 12,.568 $ 12,252,128 $ 206,928 18
Deduct reinsurance 941,298 13,161 66
Net in force at December 31, 1902 12,568 $ 11,310,830 $ 193,766 52
Total number of policies in force in Canada at date 12,568
Total net amount in force $ 12,310,830 00
Total premiums thereon 193,766 52
FIRE AND MAEINE INSURANCE COMPANIES 117
SESSIONAL PAPER No. 8
PHCENIX OF HARTYO^Jy— Continued.
General Business Statement for the Year ending December 31, 1902.
LEDGER ASSETS.
Book value of real estate, unencumbered, owned by the company $ 393,659 53
Mortgage loans on real estate, first liens 88,036 75
Book value of stocks and bonds owned by the company 3,570,576 52
Loans on stocks, bonds and other collaterals 34,000 00
Cash on hand and in banks 343,430 57
Agents' debit balances 313,908 67
Total ledger assets $ 4,743,612 04
NON-LEDGER ASSETS.
Interest due and accrued 37,425 77
Market value of bonds and stocks over book value 1,268,663 73
Rents due and accrued 4,478 46
Market value of real estate over book value 22,036 79
Gross premiums in course of collection , 423,809 00
Reinsurance due from other companies 2,690 89
Gross assets I 6,502,716 68
Deduct assets not admitted 5,104 54
Total admitted assets I 6,497,612 14
liabilities.
Net amount of unpaid losses $ 396,429 60
Total unearned premiums 2,635,214 31
Commission, brokerage and other charges due or to become due to
agents and brokers , 73,416 00
Return premiums and reinsurance premiums 54,629 00
Total liabilities, not including capital stock $ 3,159,688 91
Capital stock paid up in cash $ 2,000,000 00
Divisible surplus I 1,337,923 23
income during the year.
Net cash received for premiums $ 3,414,389 06
Received for interest and dividends 272,157 57
Rents 19,211 51
Profit on sale or maturity of ledger assets 9,612 09
Total income I 3,715,370 23
118 DEPARTMENT OF FINANCE— INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
PHCENIX OF UAKTYO^D— Concluded.
EXPENDITURE DURING THE YEAR.
Net amount paid during the year for losses $ 1,826,896 12
Dividends paid to stockholders 240,000 00
Commission on brokerage 660,446 75
Rents 11,556 35
Salaries, fees and all other charges of officials 188,002 08
Taxes, licenses and insurance department fees 116,025 14
Loss on sale or maturity of ledger assets ; . 22,205 55
All other payments and expenditures 298,030 11
Total expenditure I 3,363,162 10
RISKS AND PREMIUMS.
Amount of fire risks written or renewed during the year $398,897,831 00
Premiums thereon 4,082,629 55
Amount of policies terminated 368,616,313 00
Premiums thereon 3,549,514 76
Net amount in force on December 31, 1902 479,840,702 00
Premiums thereon 5,115,330 86
FIRE AND MARINE INSURANCE COMPANIES 119
SESSIONAL PAPER No. 8
THE QUEBEC FIRE ASSURANCE COMPANY.
I
Statement for the Year ending December 31, 1902.
President — Hon. Pierre Garneau. | Secretary — H. B. Bignell.
Principal 6j^ce— Quebec.
(Organized April 2, 1818, and incorporated by Act of L. C, 9 George IV., cap 58,
amended by 18 Vic, cap. 12, and by 29-30 Vic, cap. 27, and by 41 Vic, cap. 31,
and by 42 Vic, cap. 69, and by 46 Vic, cap. 83. Commenced business, 1818.)
CAPITAL.
Amount of stock authorized and subscribed for $ 225,000 00
Amount paid up in cash 125,000 00
(For List of Shareholders, see Appendix.)
ASSETS.
Real estate — A lot of ground in the city of Quebec, situated on the
westerly side of St. Peter Street, in the rear by Sault-au-Matelot
Street, on one side to the south by La Banque Nationale, and on
the other side to the north by the Montreal Telegraph Co., with a
cut stone building thereon erected, and known as ' The Quebec
Fire Office ' I 37,037 26
^Stocks and bonds owned by the company : —
Par value. Market value.
Quebec Steamship Co. bonds $ 2,500 00 % 2,500 00
City of Quebec Corporation bonds 39,000 00 40,350 00
New Brunswick bonds 10,000 00 11,000 00
City of Hull M 10,000 00 10,500 00
City of Three Rivers bonds 10,000 00 10,000 00
Province of Quebec bonds 12,500 00 13,760 00
registered stock 4,000 00 4,600 00
Canadian Pacific Railway bonds 21,444 96 25,000 00
Total par and market values $ 109,444 96 $ 117,710 00
* Of these there are deposited with the Receiver General : —
City of Quebec bonds $ 33,000 00
New Brunswick , 10,000 00
Province of Quebec bonds 12,500 00
1. registered stock 4,000 00
Citv of Hull bonds 10,000 00
City of Three Rivers bonds 10,000 00
Total par value $ 79,500 00
120 DEPARTMENT OF FINANCE— IJSSURANCE BRANCH
2-3 EDWARD VII., A. 1903
qUl£:BEC— Continued.
ASSETS — Continued.
Carried ©nt at market value % 1 17,710 00
Cash on hand at head office 125 85
Cash at branch offices, Montreal and Toronto 386 31
Cash in banks, viz.: —
lia Banque Nationale, dividend account, (Quebec % 63 27
Bank of British North America, Quebec 25,668 38
Montreal 2,950 33
Bank of Montreal, Toronto 9,709 02
Total 38,327 73
Deposit with C. F. U. A 125 00
Interest accrued and unpaid on stocks and bonds, not included in
market value 1,725 15
Agents' balances , 15,649 07
Bills receivable 11 25
Total assets % 211,097 62
LIABILITIES.
(1.) Liabilities in Canada.
Net amount of losses adjusted but not due $ 21 50
t! I! claimed but not adjusted 6,616 34
II II reported or supix)sed but not claimed . . 150 00
Total net amount of unsettled claims for fire losses $ 6,787 84
Total reserve of unearned premiums for fire losses 63,367 82
Total liabilities in Canada, except capital stock. . . f 70,155 66
(2.) Liabilities i7i other Countries.
Net amount of fire losses due and yet unpaid $ 21 99
ti claimed but not adjusted 75 00
n resisted— not in suit (accrued in previous years) 2,430 68
Total net amount of fire losses unsettled $ 2,527 67
Total liabilities in other countries $ 2,527 67
Total amount of liabilities in all countries, except capital stock $ 72,683 33
Surplus on policy-holders' account I 138,414 29
FIRE AND MARINE INSURANCE COMPANIES 121
SESSIONAL PAPER No. 8
QUEBEC— Con^irmecf.
INCOME.
In Canada.
In other
Countries.
Oross cash received for pvemimns $ 106,238 78 $ 1,052 52
Deduct reinsurance, rebate, abatenient and return pre-
miums 15,124 87 084 94
Net cash received for premiums $ 91,113 91 $ 367 58
Net cash received for premiums in all countries $ 91,481 49
Received for interest and dividends on bonds and mortgages and stocks. 5,530 57
Received for rent 3,073 63
Received for sale of office furniture, St. John, N.B 175 00
Total $ 100,260 69
Received for calls on capital stock ; . . . . 25,000 00
Total cash income | 12o,260 69
EXPENDITURE.
In Canada. i"^^^f'
Amount paid during the year for lo?ses occurring in pre-
vious years (w^hich losses were estimated in the last
statem3ntat$17,781.24) $ 4,404 48 $ 10,463 02
Deduct amount received for reinsurance 170 68 3 48
Net amount paid during the year for said losses $ 4,233 80 % 10,459 54
Amount paid for losses occurring during the year $ 30,413 76 $ 4,880 86
Deduct savings and salvage and reinsurance 1,849 74
Net amount paid for said losses % 28,564 02 $ 4,880 86
Total $ 32,797 82 $ 15,340 40
Total net amount paid during the year for fire losses I 48,138 22
Amount of dividends paid during the year • 674 65
Commission or brokerage 13,248 20
Salaries, fees, Arc 8,342 28
Taxes 3,485 07
Miscellaneous payments, viz.: — Printing and stationery, $1,207.95;
rent, $770.54 ; plans and maps, $55.37 ; H. O. building expenses
and taxes, $977.74 ; postage, exchange, telegrams, telephones and
express, $1,029.02 ; advertising, $418.08 ; office charges, $645.29 ;
legal expenses, $140.33 ; travelling expenses, $512.73 ; inspection,
$250.46; Underwriter's Association, $248.45; miscellaneous,
$58.46.. 6,314 42
Total cash expenditure .$ 80,202 84
CASH ACCOUNT.
Dr. Cr.
1901. 1902.
Dec. 31. Balance in hand and in banks Dec. 31. p]xpenditure as above .... $ 80,202 84
at this date ^ 47,546 32 Investments 25,000 00
1902. Borrowed money returned.. 43,713 82
Dec. 31. Income as above 125,260 69 Balance on hand and in
Money borrowed 15,074 54 banks at end of year -38,964 89
$ 187,881 55 $ 1S7,881 55
122 DEPARTMENT OF FINANCE -INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
qVY^B^Q— Concluded.
RISKS AND PREMIUMS.
Fire Risks in Canada. Amount, '^[hSeoir
* Gross policies in force at date of last statement S 12,154,327 % 159,969 86
Taken during the year— new 5,529,403 73,577 18
—renewed 1,991,312 27,788 92
Total .S 19,675,042 $261,335 96
Deduct terminated 9,466,968 127,035 70
Gross in force at end of year : $ 10,208,074 $ 134,300 26
Deduct reinsured 195,926 2,710 37
Net in force, Dec. 31, 1902 $ 10,012,148 $ 131,589 89
Total number of policies in force at date (No return)
Total net amount in force $ 10,012,148 0(>
Total net premiums thereon 131,589 89
* Business outside of Canada all terminated ; no new business written during the year.
FIRE AND MARINE INSURANCE COMPANIES 123
SESSIONAL PAPER No. 8
THE QUEEN INSURANCE COMPANY OF AMERICA.
Statement for the Year ending December 31, 1902.
President — Edward F. Beddall. | Secretary — N. S. Bartow.
Principal Office — New York.
Agent in Canada — George Simpson. Head Office in Canada — 1709 Notre
Dame St., Montreal.
(Incorporated, September 11, 1891. Commenced business in Canada, November 2, 1891.)
CAPITAL.
Amount of joint stock capital authorized, subscribed for and paid up
in cash I 500,000 00
ASSETS IN CANADA.
Stocks and bonds owned by the company, viz. : —
Par value. Market value.
Citj' of Halifax 5 per cent stock % 60,000 00 S 66,000 00
New Zealand 4 per cent bonds 48,666 66 49,000 00
Province of Quebec 3 per cent stock 30,416 67 24,500 00
Province of Manitoba 5 per cent debentures 29,200 00 29,400 00
Canadian Northern Railway guaranteed bonds 48,666 66 50,126 66
City of Toronto consol, debentures 48,666 67 48,428 06
City of Montreal, 3^ consol. debentures 34,066 67 34,066 67
Total par and market values $ 299,683 33 $ 301,521 39
Carried out at market value I $ 301,521 39
Cash at head office 1,112 14
Cash in banks, viz. : —
Bank of British North America, Halifax ... $ 2,985 05
Royal Bank, Montreal 2,022 77
Dominion Bank, Montreal 13,135 51
Total 18,143 33
Cash in hands of agents in Canada 21,851 03
Interest accrued 11,668 12
Due by reinsuring companies 14 48
Total assets in Canada $ 354,310 49
124 DEPARTMENT OF FINANCE-INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
QUEEN — Continued.
LIABILITIES IN CANADA.
Net amount of losses adjusted but not due $ 4,220 00
It II claimed but not adjusted. 12,403 00
II II resisted— not in suit 17, 100 00
Total net amount of unsettled claims for fire losses in Canada | 33,723 00
Keserve of unearned premiums for all outstanding fire risks in Canada. 327,068 06
Total liabilities in Canada % 360,791 06
INCOME IN CANADA.
Gross cash received for premiums $ 593,772 97
Deduct reinsurance, &c 93,018 19
Net cash received for fire premiums I 500,754 78
Interest on bonds, stocks, mortgages, &c 10,628 37
Kecovery on bad debts 43 75
Total cash income in Canada $ 511,426 90
EXPENDITURE IN CANADA.
Amount paid during the year for losses occurring in previous years
(which losses were estimated in the last statement at $13,053) % 8,882 49
Deduct reinsurance 28 26
Net amount paid during the year for the said losses $ 8,854 23
Amount paid for losses occurring during the year $ 206,9.39 35
Less amount received for reinsurance . . 2,653 57
Net amount paid during the year for said losses. $ 204,285 78
Total net amount paid during the year for fire losses in Canada % 213,140 01
Commission or brokerage in Canada 88,577 92
Salaries, fees and all other charges of officials in Canada. 22,028 25
Taxes in Canada 5,621 86
Miscellaneous payments, viz. : — Postage and exchange, $2,540 . 86 ;
printing and stationery, $2,639.82 ; advertising, $2,161.71 ; Under-
writers' Association, $4,190.90 ; rent, $3,659.38 ; general expenses,
$4,572.49; maps and plans, $1,000.35; legal expenses, %^.Q^',
office furniture, $645.88; travelling expenses, inspections $1,691.57. 23,109 64
Total cash expenditure in Canada $ 352,477 68
RISKS AND PREMIUMS.
Fire Risks and Premiums. Amount.
Preminms
thereon.
Gross policies in force at date of last statement S 38,4."0,138 § 544,418 89
Policies taken during the year— new and renewed 37,c41,803 588,953 64
Total $ 76,000,941 $ 1,133,372.53
Deduct terminated 33,125,498 502,998 96
Gross in force at end cf year $ 42,875,443 % 630,373 57
Deduct reinsured 1,685,408 21,186 09
Net in force at December 31, 1902 $ 41,190,035 $ 609,187 48
Total number of policies in force in Canada at date (No return.)
Total net amount in force $41,190,035 00
Total premiums thereon 609,187 48
FIRE AND MABINE INSURANCE COMPANIES 125
SESSIONAL PAPER No. 8
QUEEN — Contumed.
General Business Statement for the Year ended December 31, 1902.
ASSETS.
Mortgages loans on real estate, first liens $ 60,000 OO
Stocks and bonds owned by the company of par value $4,238,185;
market value 4,909,172 03^
Cash in hand and in banks 166,371 19
Agents' balances -529,100 48
Interest due and accrued 64,247 99
All other property belonging to the company 18,662 22
Gross assets $ 5,747,553 91
Deduct assets not admitted 3,213 11
Total admitted assets ^ 5,744,340 80
LIABILITIES.
Net amount of unpaid losses .$ 250,220 32
Total unearned premiums 2,181,938 56^
Due and accrued for rent, salaries, kc 51,081 27
Sundry 22-5,547 17
Total liabilities, not including capital stock $ 2,708,787 32
Capital stock paid up in cash .^ 500,000 00
Surplus beyond liabilities, including capital stock $ 2,535,553 48
INCOME.
Net cash received for premiums if 2,999,666 61
Interest and dividends 161,028 80
Rents. . . . 9,105 91
Premiums paid in advance 407 22
Profit on sale or maturity of ledger assets 190,288 21
All other income " 555,302 02
Total income $ 3,915,798 77
EXPENDITURE.
Net amount paid during the year for losses $ 1,529,551 90
Cash dividends paid stockholders 100,000 00
Commission or brokerage 646,703 52
Salaries, fees and other charges of officials 202,447 14
Rent 2.5,587 Oa
Taxes, licenses and insurance department fees 61,091 39-
All other payments and expenditures 271,932 29
Total expenditure $ J,837,313 32
RISKS AND PREMIUMS.
Fire risks written or renewed during the year $304,459,573 00
Premiums thereon 3,787,560 77
Amount terminated during the year 272,734,412 00
Premiums thereon , 3,191,527 3d
Net amount in force at December 31, 1902 35.5,520,521 00
Premiums thereon 4,142,542 07
128 DEPARTMENT OF FIXANCE— INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
THE ROYAL INSURANCE COMPANY.
Statement for the Year ending December 31, 1902.
Chairman — Henry H. Hornby. | Manager — Chas. Alcock.
Princijyal Office — Liverpool, England.
Head Office in Canada — Montreal. | Chief Agent in Canada — Geo. Simpson.
(Established, May 31, 1845. Commenced business in Canada, 1851.)
CAPITAL.
Joint stock capital authorized, £3,000,000 sterling % 14,600,000 00
Capital stock subscribed for, £2,612,580 sterling 12,714,556 00
Amount paid up in cash, £391,887 sterling 1,907,183 33
ASSETS IN CANADA.
Real estate in Canada held by the company, viz. : — ^Building situate
Notre Dame Street and Place d'Armes Square, Montreal, $375,000 ;
building situate corner of Yonge and Wellington Streets, Toronto,
$30,000 ; building situate 27 and 29 Wellington Street, Toronto,
$60,000 I 465,000 00
Stocks and bonds in deposit with the Receiver General :—
Par value. Market value.
British Consols $ 530,466 67 % 493,.334 00
Canada 4 per cent stock ... 53,533 34 55,674 67
Province of Quebec 3 per cent stock 17,033 33 15,500 33
Canadian Northern Railway Guaranteed bonds 260,853 33 268,678 93
S 861,886 67 $ 833,187 93
Carried out at market value 833,187 93
Loans on security of the company's policies (life department) in Canada . 31,851 97
Cash at head office in Canada 676 65
Cash in banks, viz. : —
Bank of Nova Scotia, Halifax .$ 1,639 90
Royal Bank, Montreal 6,310 50
Dominion Bank, Montreal 45,352 59
Molsons Bank, Montreal 6,659 09
Total 59,962 08
Cash in hands of agents in Canada 60,048 94
Rents due and accrued 5,867 00
Losses recoverable on account of reinsurance 2,51 5 73
Office furniture and fixtures throughout Montreal and Toronto build-
ings ; also furniture at Quebec, Hamilton and other agencies,
including supplies, block plans, kc 7,000 00
Total assets in Canada % 1,466,110 30
FIRE AND MARINE INSURANCE COMPANIES 127
SESSIONAL PAPER No. 8
ROYAL — Continued.
LIABILITIES IN CANADA.
I^et amount of fire losses claimed but not adjusted ... $ 66,213 00
II II resisted — in suit . , 14,000 00
Total net amount of unsettled claims for fire losses in Canada (of which
f 10,748 accrued in previous years) $ 80,213 00
Reserve of unearned premiums on all outstanding fire risks 670,149 49
Liability under life branch in Canada 422,012 94
X>ue on account of general expenses 1,333 33
Total liabilities in Canada $ 1,173,708 76
INCOME IN CANADA (fIRE BRANCH).
"Gross cash received for fire premiums % 1, HO, 769 14
Deduct reinsurance, &c 158,912 68
Net cash received for fire premiums f 981,856 46
Interest on bonds, stocks, mortgages, &c 30,074 29
Rents 9,367 56
"Collections from Lancashire agents in Maritime Provinces 32042
Total cash income in Canada I 1,021,618 73
EXPENDITURE IN CANADA (fIRE BRANCH).
Amount paid during the year for fire losses occurring in previous years
(estimated in last statement at $19,290) $ 19,469 31
Deduct savings and salvage Ill 90
Net amount paid during the year for said losses $ 19,357 41
Paid for losses occurring during the year % 372,925 02
Less amount paid for reinsurance and savings and salvage 26,905 37
Net amount paid for said losses $ 346,019 65
Total net amount paid during the year for fire losses in Canada $ 365,377 06
Paid for commission or brokerage 168,519 70
Paid for salaries, fees and other charges of officials in Canada 37,819 81
Taxes in Canada 9,480 96
Miscellaneous payments, viz.: — Printing and stationery, $5,072. 98 ;
inspection, $3,519.79; underwriters' associations, $8,494.32 ; ad-
vertising, $4,414.28 ; rents and lighting, $8,282.96; postage and
exchange, $4,336 . 71 ; maps and plans, $1,174 . 93 ; office furniture,
$1,342 . 09 ; legal expenses, $27 . 32 ; general expenses, $14,765 . 64 . 51,431 02
Total expenditure in Canada $ 632,628 55
RISKS iAND PREMIUMS.
Fire Risks in Canada. Amount. thereon
Gross policies in force at date of last statement $ 93,335,904 $ 1,167,576 22
Taken duing the year-new and renewed 80,131,730 1,123,057 23
Total $173,467,634 .$ 2,290,633 45
Deduct terminated .... 70,887,529 942,775 81
Gross in force at end of year $102,580,105 $ 1,3*7,857 61
Deduct reinsured 4,631,670 60,647 19
Net in force, December 31, 1902 S 97,948,435 $ 1.287.210 45
Total number of policies in force in Canada (No retur^-)
Total net amount in force $ 97,948,435 00
Total premiums thereon 1,287,210 45
(For General Business Statemerit, see Appendix.)
128 DEFAHTMENT OF FINANCE— INSURANCE BRANCH
2-3 EDWARD VII. A. 1903
THE SCOTTISH UNION AND NATIONAL INSURANCE COMPANY.
Statement for the Year ending December 31, 1902.
President — Alexander Duncan | Secretary — J. K. Macdonald
Principal Office — Edinburgh, Scotland.
Head Office in Canada — Montreal.
Chief Agent in Canada —
Walter Kavanagh
(Organized, 1824. Incorporated, June 26, 1833. Commenced business in Canada,
February, 1882.)
capital.
Amount of capital authorized I 30,000,000 00
subscribed for 21,757,000 00
paid up in cash 1,500,000 00
assets in CANADA.
Amount secured by way of loans on real estate in Canada by bond or
mortgage — first liens " $ ■1:23,000 00
Bonds and debentures in deposit with Receiver General : —
Par value. Market value.
Canada 4 per cent inscribed stock § 97,333 33 S 106,000 00
City of St. John debentures 2,000 00 2,050 00
" Hamilton, Ont., bonds 41,853 33 44,720 00
London, Ont., bonds 20,000 00 21,100 00
" Montreal, 3 per cent, permanent deVjenture
stock 76,500 00 08,850 00
Total par and market values S 237,686 66 $ 242,720 00
Carried out at market value 242.720 00
Cash in hands of agents in Canada 1 8,424 29
Cash in Imperial Bank of Canada, Toronto 70,557 68
Interest due $1,500 ; accrued, $432.08 1,932 08
*Total assets in Canada $ 756,634 05
*Besides these there are other Canadian investments held at Hartford, the U. S. branch of the com-
pany, as follows : —
Debentures, viz.:
Par value. Market value.
Central Canada Loan and Savings Co. . . $
Land Security Co .
Canada Landed and Nat. Investment Co. (Limited). . .
Canadian Pa'ific Ry. 1st mortgage debenture bonds. ..
City of Hamilton
Imperial Loan and Investment Co, of Canada (Lim-
ited.)
Canada Permanent and Western Canada Mortgage Co.
Toronto Mortgage Co
Farmers' Loan and Savings Co. of Toronto
Huron and Erie Loan and Sa\ ings Co
London and Cana(!a Loan and Agency Co. (Limited).
British Columbia Pllectric Railway Co. (Limited) ....
$ 494,500 00 $ 495,320 00
5 25,000 00
$ 25,000 00
45,000 00
45,000 00
37,500 00
37,500 00
50,000 00
57,500 00
7,000 00
7,280 00
25,000 Ou
25,000 00
100,000 00
100,000 00
.50,000 00
5 1,000 00
10,000 00
2,540 00
20,000 00
20,000 00
75,000 00
75,000 00
50,000 00
£0,500 00
FIRE AND MARINE INSURANCE COMPANIES 129
SESSIONAL PAPER No. 8
SCOTTISH UNION AND ^ATlOl^AL— Continued,
Bonds, viz.: —
Par value. Market value.
City of Montreal debenture stock and bonds $ 73,500 00 S 66,150 00
„ Sherbrooke, Quebec 50,000 00 53,405 00
„ London, Ontario 55,000 00 58,025 00
„ Brantford, ., 30,000 00 32,165 00
„ Kingston, n 21,427 73 27,365 00
,. Dundas .. 35,000 00 35,620 00
„ Petrolia >. 63,914 20 68.995 00
Village of Parkdale 14,500 00 15,140 0(»
County of Middlesex 74,500 00 76,925 00
Province of Manitoba Government 50,000 00 51,500 00
Quebec „ 47,500 00 52,250 00
Halifax Electric Tramway Co., Ltd., 1st mortgage 25,000 00 25,795 00
Ontario Railway subsidy 97,850 00 97,850 00
Crrand Trunk Railway of Canada perpetual debenture
stock 50,000 00 66,750 00 *
St. Lawrence and Ottawa Ry. 1st mortgage bonds ... 25,000 00 26,625 00
Toronto Railway Co., 1st Mortgage 125,000 00 130,000 00
City of Toronto St. Railway 40,000 00 47,345 00
London, Ontario, St. Railway bonds . . . 25,000 00 27,000 00
Ottawa Electric Railway bonds 50,000 00 51,675 00
Victoria, Ontario, Rolling Stock Co. bonds 25,000 00 25,755 00
^ 981,191 93 11,036,335 00
$1,475,691 93 $1,531,655 00
LIABILITIES IN CANADA.
Net amount ot losses in Canada due and unpaid $ 11,892 55
H M adjusted but not due , 8,884 91
,1 ,1 claimed but not adjusted 20,122 79
Total net amount of unsettled claims for losses in Canada $ 40,900 25
Reserve of unearned premiums of all outstanding risks in Canada 200,572 00
Total liabilities in Canada $ 24:1A72 25
INCOME IN CANADA.
Gross cash received for premiums $ 370,378 98
Deduct reinsurance, rebate, abatement and return premiums 58,505 02
Net cash received for premiums $ 311,873 96
Received for rents, and for interest on bonds, stocks, mortgages, ikc. . .. 12,773 47
Received for interest on first mortgage loans 16,962 51
Total income in Canada $ 341,609 94
EXPENDITURE IN CANADA.
Amount paid during the year for losses occurring in previous years (which
losses were estimated in last statement at $12,200.91) $ 6,922 05
Deduct reinsurance 48 64
Net amount paid for said losses $ 6,873 51
Amount paid for losses occurring during the year $ 108,661 27
Deduct amount received for reinsurance 4,937 39
Net amount paid for said losses $ 103,723 88
8—9 *"""
130 DEPARTMENT OF FINANCE— INSURANCE BRANCH
2-3 LDVVARD VII., A. 1903
SCOTTISH UNION AND NATIONAL— Cow^mwed
EXPENDITURE IN CANADA Co7icluded.
Total net amount paid during the year for losses % 110,597 39
Commission or brokerage 68,171 45
Taxes in Canada 4,128 47
Miscellaneous payments, viz : — Stationery and printing, $511.25; post-
age, telegrams and express, $1,559.44; advertising, $351.95;
travelling and other expenses, $4,973.58 ; maps and plans, $830.80 ;
legal expenses, $5.00 ; underwriters' associations, local boards &c.,
3,110.63; office furniture, $240.96; sundries, $151.21; office ex-
penses, $211.85- 11,946 67
Total expenditure in Canada $ 194,843 98
RISKS AND PREMIUMS.
Fire Risks in Canada. No. Amount. Premiums
thereon.
Gross policies in force at date of last statement. 15,517 $ 31,G02,269 $423,313 12
Taken during the year -new and renewed . . .. 11,620 24,414,742 367,536 91
Total 27,137 $ 56,017,011 $790,850 03
Deduct terminated 14,528 26,268,744 382,889 39
Gross in force at end of year 12,609 $ 29,748,267 $ 407,960 64
Deduc-: reinsured 897,493 13,282 15
Net in force, December 31, 1902 12,609 $ 28,850,774 $ 394,678 49
Total number of policies in force in Canada at date 12,609
Total net amount in force . $28,850,774 00
Total premiums thereon 394,678 49
General Business Statement for the Year ending December 31, 1902.
fire department.
The net fire premium revenue, after deducting reinsurance premiums,
was £587,854 16 4
The claims, including full provision for all outstanding losses,
were £334,803 17 9
Commission and charges amounted to 200,768 14 6
535,072 12 3
Leaving a net surplus for the year of £ 52,782 4 1
I
FIRE AND MARINE INSURANCE COMPANIES 131
SESSIONAL PAPER No. 8
SCOTTISH Uls-ION AND 1^AT101<^AL- Continued.
PROFIT AND LOSS ACCOUXT AND DIVIDEND.
Net surplus on fire account as above shown £ 52,782 4 1
Interest on shareholders' capital and reserves 34,885 11 3
Transfer fees received 58 7 6
£ 87,726 2 10
Less — Agents' balance irrecoverable 462 14 1
£ 87,263 8 9
Balance brought forward from last year 27,747 1 6
Unappropriated balance £ 115,010 10 3
Out of this sum the directors propose to pay a dividend at the rate
of 12J per cent, absorbing £ 37,500 0 0
To carry to fire premium reserve ... 5,000 0 0
To carry to general reserve 35,000 0 0
And to carry forward to next year 37,510 10 3
£115,010 10 3
The dividend above mentioned will be payable (free of income tax) in equal moie-
ties on June 1 and December 1 next.
8-9J
132
DEPARTMENT OF FINANCE— INSURANCE BRANCH
2-3 V.DWARD VII., A. 1903
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134 DEPARTMENT OF FINANCE -INSURANCE BRANCH
2-3 EDWARD VIJ., A. 1903
THE SUN INSURANCE OFFICE, LONDON, ENGLAND.
Statement for the Year ending December 31, 1902.
Chairman — Frederick Henry Norman. | Secretary — Edward Baumer.
Principal Office — London, England.
Chief Agent and Manager in Canada — | Head Office in Canada —
H. M. Blackburn. | 15 Wellington St. East, Toronto.
(Organized, April 7, 1710. Commenced business in Canada, June 3, 1892.)
CAPITAL.
Amount of capital authorized and subscribed for $11,680,080 00
Amount paid up in cash 584,004 00
assets in CANADA.
Value of real estate held by the company (Toronto office) % 25,000 00
Stocks and bonds in deposit with Receiver General, viz. : —
Par value. Market value.
Canada 4 per cent stock % 24,333 33 $ 25,063 33
Canada 3 per cent stock 23,5,30 33 24,000 93
Province of Manitoba debentures 36,013 34 38,534 27
City of Montreal stock 48,666 67 52,560 00
Toronto bonds 69,943 73 75,539 22
Vancouver bonds 24,333 33 25,063 33
„ Winnipeg bonds 12,166 67 12,896 67
Total par and market values $ 238,987 40 $ 253,657 75
Carried out at market value 253,657 75
Cash at head office in Canada 194 36
Cash in Dominion Bank 31,737 96
Cash in hands of agents in Canada 24,944 98
Sundry, viz. : —
Plans $ 5,648 26
Office furniture and fixtures 680 48
6,328 74
Total assets in Canada $ 341,863 79
LIABILITIES IN CANADA.
Net amount of losses claimed but not adjusted % 7,358 31
II II reported or supposed but not claimed 4,530 00
Total net amount of unsettled claims for fire losses in Canada % 11,888 31
Reserve of unearned premiums for all outstanding risks in Canada. ... 169,770 15
Amount accrued for rent, salaries, advertising, agency and other mis-
cellaneous expenses in Canada 167 23
Total amount of all liabilities in Canada % 181,825 69
FIRE AND MARI]SIE INSURANCE COMPANIES 136
SESSIONAL PAPER No. 8
SUN INSURANCE OY¥lQY.-~Concliided.
INCOME IN CANADA.
Gross cash received for premiums § 282,837 91
Deduct reinsurance, rebate, abatement and return premiums 35,613 30
Net cash received for premiums $ 247,224 61
Endorsement fees 207 22
Interest from bank 585 95
Total income in Canada .$ 248,017 78
EXPENDITURE IN CANADA.
Amount paid during the year for losses occurring in previous years (which
losses were estimated in the last statement at §2,298.45). % 1,868 04
I
Amount paid for losses occurring during the year -S 93,712 76
Deduct savings and salvage and reinsurance 550 84
Net amount paid during the year for said losses § 93,161 92
Total net amount paid during the year for losses in Canada $ 95,029 96
Commission or brokerage 46,456 91
Salaries, fees and all other charges of officials in Canada. 11,585 26
Taxes in Canada 3,561 05
Miscellaneous payments, viz.: — Postage, $2,158.56; advertising,
81,354.25; stationery, $1,494.39; plans, $770.67; telephone,
$185; board dues, $2,120.23; mercantile agencies, $105; rent,
$939.86 ; legal expenses, $192.57 ; inspection expenses, $819.46 ;
Underwriters' Protective Association, $50; miscellaneous, $729 . 42 ;
auditor, $300; insurance superintendance, $190.62; travelling
expenses, $198.07. 11,608 10
Total expenditure in Canada $ 168,241 28
RISKS AND PREMIUMS.
Fire Risks in Canada. Amount. ''theJeon"'^
Gross policies in force at beginning of year .$ 22,544,102 $ 315,807 95
Policies taken during the year — new and renewed 18,449,539 281,175 34
Total $ 40,993,641 $ 596,983 29
Deduct terminated 17,388,842 259,042 11
Gross in force at end of year . .$ 23,604,799 $ 337,941 18
Deduct reinsured 512,185 6,734 15
Net in force at December 31, 1902 $ 23,092,614 $ 331,207 03
Total number of policies in force at date (No return.)
Total net amount in force $23,092,614 00
Total premiums thereon 331,207 03
(For General Business Statement^ see Appendix. )
138 DEPARTMENT OF FINAACE— INSURANCE BRANCH
2-3 LDWARD VII. A. 1903
THE UNI(»N ASSURANCE SOCIETY.
Statement for the Year ending December 31, 1902.
Chairman — Wm. Latham, K.C. | Secretary — Charles Darrell.
Principal Office — London, England.
Chief Agent in Canada — T. L. Morrisey. | * Head Office iii Canada — Montreal.
(Established, February 16, 1714. Commenced business in Canada, November, 1890.)
CAPITAL.
Amount of joint stock capital authorized and subscribed
for £ 450,000= | 2,190,000 00
Amount paid up in cash 180,000= 876,000 00
ASSETS IN CANADA.
Stocks deposited with the Receiver General, viz. : —
Par value. Value In account.
New South Wales stock $ 121,666 67 % 127,750 00
Victoria Government stock 24,333 33 31,937 50
City of Toronto Local Improvement debentures 24,333 33 24,008 50
City of Quebec Consolidated debentures 24,333 33 24,008 50
City of Ottawa Waterworks bonds.. 50,000 00 51,500 00
County of Victoria, N.S., bonds 6,000 00 6,150 00
Total $ 250,666 66 $ 265,354 50
Carried out at value in account $ 265,354 50
Cash at head office in Canada and in course of transmission 5,384 22
Cash in banks, viz. : —
Merchants' Bank of Canada, Montreal $ 16,142 71
Special deposit. Bank of Toronto, Montreal 24,219 00
Total carried out 40,361 71
Cash in hands of agents in Canada 22,696 02
Interest accrued 844 67
Office furniture and plans 4,013 54
Total assets in Canada $ 338,654 66
LIABILITIES IN CANADA.
Net amount of losses adjusted but not due $ 466 00
II i> claimed but not adjusted . 8,207 00
M ., reported or supix)sed but not claimed 8,610 00
II II resisted, not in suit. 5.167 00
Total amount of unsettled claims for fire losses in Canada $ 22,450 00
Reserve of unearned premiums upon all unexpired fire risks 216,002 79
Total liabilities in Canada I 238,452 79
FIRE AND MARINE INSURANCE COMPANIES 137
SESSIONAL PAPER No. 8
UNION A^^JJ-RK^Q^— Concluded.
INCOME IN CANADA.
Gross cash received for premiums $ 377,688 89
Deduct reinsurance, rebate, abatement and return premiums 82,816 48
Net cash received for premiums $ 294,872 41
* Received for interest on bonds , . 5,447 92
Interest and dividends on stocks, bonds, mortgages, kc 2,276 32
Interest from bank deposits , 741 12
Total income in Canada | 303,337 77
EXPENDITURE IN CANADA.
Amount paid during the year for losses occurring in previous years (which
losses were estimated in the last statement at $37,819 94) $ 33,684 97
Deduct amount received for reinsurance 1,995 17
Net amount paid during the year for said losses $ 31,689 80
Amount paid for losses occurring during the year % 84,063 95
Deduct reinsurance and savings and salvage 10,598 45
Net amount paid during the year for the said losses $ 73,465 50
Total net amount paid during the year for fire losses in Canada % 105,155 30
Commission or brokerage in Canada 51,677 94
Salaries, fees, and all other charges of officials in Canada 16,044 78
Taxes in Canada 4,512 93
Miscellaneous payments, viz.: — Postage and telegrams, $1,305.24; ex-
change, $334.75; rent, $2,780; travelling, $2,150.52; adver-
tising, $1,936.99 ; printing, stationery, $2,477.83 ; express, $221.31 ;
subscriptions to mercantile agencies, $107.67 ; legal expenses,
$34.08; plans, $1,186.90; sundries, $350.44; fire insurance
boards. $2,630.36 ; miscellaneous, $1,372.24 16,888 33
Total expenditure in Canada $ 194,279 28
mSKS AND PSEMIUMS.
Fire Riik» in Canada. No. Amount.
Premiums
thereon.
Oross policies in force at date of last statement.. 12,772 $32,325,172 $ 449,830 76
Takenduringtheyear— new and renewed.... 10,850 26,157,971 386,680 56
Total 23,628 $58,483,143 $ 836,51132
Deduct terminated 9,555 26,048,0(>7 369,659 35
Gross in force at end of year 14,073 $ 32,435,076 $ 466,85197
Deduct reinsured , 4,067,577 65,703 95
Net in force at December 31, 1902 14,073 $ 28,367,499 $ 401,148 02
Total number of policies in force at date 14,073
Total net amount in force $28,367,499 00
Total premiums thereon 401,148 02
(For General Business Statement, see A2)])endix,)
Paid direct to head office in England.
188 DEPARTMENT OF FINANCE-INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
THE WESTERN ASSURANCE COMPANY.
Statement for the Year ending December 31, 1902.
President — Hon. Geo. A. Cox. | Secretary — C. C. Foster.
Vice-President and Managing Director — J. J. Kenny. Principal Office — Toronto.
(Incorporated, August 31, 1851, by Act of the Legislature of the late Province of
Canada, 14-15 Vic, cap. 162 ; amended in 1857, 20 Vic, cap. 167, and in 1872, 35
Vic, cap. 99, and in 1875, 38 Vic, cap. 81, in 1887, 50-51 Vic, cap. 102, and in
1901 by 1 Edward VII., cap. 116. Commenced business in Canada, August, 1851.)
CAPITAL.
Amount of joint stock capital authorized % 2,000,000 00
Amount subscribed for 2,000,000 00
Amount paid up in cash 1,970,733 00
(For List of Shareholders, see Appendix.)
ASSETS.
Real estate — Company's building, 4-story stone, and lot 30 by 100, corner
of Scott and WelHngton Streets, Toronto $ 60,000 00
Loans secured by bonds and mortgages on which not more than one
year's interest is due, constituting a first lien on real estate 32,550 00
Interest due and unpaid on said loans . , § 1,635 84
Interest accrued and unpaid on said loans 142 00
Total interest carried out 1,777 84
Stocks and bonds owned by the company : —
Par value. Market value.
Dominion of Canada stock ,$ 65,350 00 $ 66,003 50
Canadian Bank of Commerce stock 40,000 00 64,800 00
Shelburne debentures 900 00 900 00
Tilsonburg ,- 3,000 00 3,294 00
York 1,500 00 1,500 00
Owen Sound ,. 5,200 00 5,389 80
United States registered bonds 210,000 00 228,375 00
Georgia State bonds 10,000 00 11,000 00
City of Richmond, Va., bonds 42,000 00 43,470 00
Toronto Savings and Loan Co. stock
Dominion Savings and Investment Co. stock 15,000 .00 10,500 00
British America Assurance Co. stock 286,050 00 286,050 00
Keystone Insurance Co. stock . 17,648 00 14,392 50
British American Insurance Co. stock 107,000 00 160,500 00
City of Columbus, Ohio, bonds 50,000 00 53,750 00
City of Toledo, Ohio, bonds. 50,000 00 56,750 00
Baltimore and Ohio Railway bonds 160,000 00 155,400 00
City of New York bonds 141,000 00 148,402 50
Toronto Hotel Co 10,000 00 10,000 00
Canada Permanent and Western Canada M'tge Corp'n
stock 20,440 00 24,323 60
Canada Permanent and Western Canada M'tge Corp'n
debentures 2,500 00 2,500 00
Lake Manitoba Railway and Canal Co. debentures. . . 5,353 37 5,561 08
Canada Northern Railway debentures 155,000 00 153,4.50 00
Manitoba and South-Eastern Railway debentures 97,332 00 101,371 27
Chicago, Milwaukee and St. Paul Railway bonds 8,000 00 8,920 00
Central Canada Loan and Savings Co. stock 20,000 00 27,200 00
debentures 8,200 00 8,200 00
Walkervillfc Land and Building Co., debentures 38,000 00 38,000 00
Anderdon debentures 317 44 269 54
Rochester Electric Railway bonds 20,000 00 22,400 00
Toronto Savings and Loan Co.'s debentures 78,100 00 78,100 00
FIRE AND MARINE INSURANCE COMPANIES 139
SESSIONAL PAPER No. 8
WESTERN- Continued.
Stocks and bonds owned by the company — Concluded.
Par value. Market value.
Kingston debentures % 48,000 00 % 50,997 45
London ,. .... 44,000 00 44,85« 40
Montreal , 46,000 00 48,495 00
Portland, Oregon, bonds 35,000 00 41,087 50
Winnipeg debentures 42,000 00 42,910 00
Toronto General Trust Co. stock 2.000 00 3,200 00
Western Canada Loan and Savings Co. debentures. . . 11,000 00 11,000 00
Manitoba, Province of, debentures 70,000 00 74,270 00
Kingston and Pembroke Railway debentures .50,000 00 44,500 00
Cobourg debentures 2.5,000 00 25,000 00
Town of vStaynev 16,172 44 16,738 48
Total par and market values $2,057,0()3 25 $2,193,827 62
Carried out at market value $ 2,193,827 62
Cash on hand at head office 2,828 48
Cash in banks, c^^c, viz. : —
Canadian Bank of Commerce, Toronto % 15,640 88
Ontario Bank, Toronto 41,258 40
Canadian Bank of Commerce, New York, current account 19,198 57
H II II trustee account 154,648 45
Bank of Nova Scotia, St. John, N.B 4,439 95
Royal Bank of Canada, Halifax 516 76
Ontario Industrial Loan and Investment Co., special deposit 8,3L0 00
Corn Exchange National Bank, Chicago 297 99
Total cash in banks 244,351 00
Interest unpaid, due and accrued, on stocks and bonds 9,853 78
Agents' balances 616,321 ^(S
Bills receivable 96,001 74
Office furniture, maps, etc 59,450 50
Reassurance losses .... 17,674 60
Total assets % 3,334,637 22
LIABILITIES.
(1) Liabilities in Canada,
For Fire Risks —
Net amount of losses unsettled but not resisted ($3,677.70 of which
accrued in previous years) . . . , $ 31,899 31
Net losses reported after close of books 1,100 00
Net losses resisted, in suit (accrued in previous years) 2,720 00
Total amount of unsettled claims for fire losses in Canada. . . % 35,719 31
For Inland Murine Rnks —
Total amount of inland marine risks in Canada unsettled but
not resisted 1,300 00
For Ocean Risks —
Net amount of ocean losses adjusted but not due $ 10,086 00
II II reported after close of books 15,000 00
Total amount of unsettled losses for ocean risks in Canada . . . 25,086 00
Total net amount of unsettled claims in Canada $ 62,105 31
Reserve of unearned premiums for outstanding risks in Canada —
Fire .$ 394,507 65
Ocean ()4,307 51
Total reserve of unearned premiums for risks in Canada 458,815 16
Dividends declared and due and remaining unpaid 918 93
Total liabilities (excluding capital stock) in Canada $ 521,839 40
140 DEPARTMENT OF FINANCE-INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
WESTERN— Con^mwe(^.
(2) Liabilities in other Countries.
For Fire Risks.
Net amount of fire losses adjusted but not due ... % 35,102 39
II II claimed but not adjusted 61,085 49
II II reported after close of books 12,630 00
II II resisted in suit 6, 136 13
Total net amount of unsettled claims for fire losses ($1,455.25 net
amount accrued in previous years) $ 114,954 01
For Marine Bisks.
Net amount of inland marine risks due and unpaid , 11,004 00
Net amount of ocean risks due and unpaid 13,250 00
Total net amount of unsettled claims in other countries % 139,208 01.
Reserve of unearned premiums : —
Fire $1,297,926 46
Inland marine -...., . 57,039 15
Ocean marine 64,196 99
Total reserve 1,419,162 60
Total liabilities in other countries $ 1,558,370 61
Total liabilities (excluding capital stock) in all countries. $ 2,080,210 01
Surplus on policy-holders' account $ 1,254,427 21
INCOME.
For Fire Risks. In Canada.
In other
Countries.
Gross cash received for premiums $ 868,505 21 $ 3,013,931 62
Deduct reinsurance, rebate, abatement and return premiums 386,209 62 893,837 85
Net cash received for lire premiums S 482,295 59 $2,120,093 77
For Inland Marine Risks.
Gross cash received for premiums $ 28,446 64 $ 360,371 97
Deduct reinsurance, &c 10,121 65 60,.329 84
Net cash received for inland marine premiums $ 18,324 99 $ 300,042 13
For Ocean Risks.
Gro9s cash received for premiums $ 622,.509 55 $ 210,894 96
Deduct reinsurance, &c 285,894 26 28,934 31
Net cash received for ocean premiums S 336,615 29 $ 181,960 65
Total net cash received for premiums. . . $ 837,235 87 $2,602,096 55
Total net cash received for premiums in all countries $ 3,439,332 42
Received for rents and for interest and dividends on stocks, bonds, &c. 83,533 97
Total I 3,522,866 39
Received for calls on capital . 30,363 00
Total cash income I 3,553,229 39
FIRE AND MARINE INSURANCE COMPANIES 141
SESSIONAL PAPER No. 8
WE^TEUl^—Conti7med.
EXPENDITURE.
For Fire Losses. In Canada, J^^^^^j^fel
Net amount paid during the year for losses occurring in
previous years (which losses were estimated in the last
statement at $193,301. 53) • $ 20,535 77 $166,166 73
Paid for losses occurring during the year $ 341,016 04 $1,254,894 91
Less amount received for savings and salvage and reinsur-
ances 171,264 84 85,638 48
Net amount paid for said losses $ 169,751 20 $1,169,256 43
Total net amount paid during the year for fire losses $ 196,286 97 $1,335,423 16
For Inland Marine Losses.
Paid during the year for losses occurring in previous years
(which losses were estimated in last statement at
$22,155.04) $ 5,713 08 $ 14,014 97
Paid for losses occurring during the year $ 42,170 17 $ 249,856 49
Less savings and salvage and reinsurances 37,199 79 15,990 66
Net amount paid for said losses S 4,970 38 $ 233,865 83
Total net amount paid during the year for inland marine
losses $ 10,683 46 $ 247,880 80
Total net amount paid during the year for fire and inland marine losses, viz.: —
In Canada $ 206,970 43
In other countries 1,583,303 96
Total I 1,790,274 39
Net amount paid during the year for ocean losses 399,465 40
Paid for dividends on capital stock 1 16,-574 48
Commission or brokerage 642,177 75
Salaries, fees and all other charges of officials 127,303 77
Taxes 79,848 94
Miscellaneous payments, viz.: — Supervision of business, $149,818.56 ;
printing and advertising, |25,436.12; local boards, $32,941.34;
postage, telegraph and express, $26,414. 18; law expenses, $4,584.98;
supplies, books, stationery. Sic, $8,860.56 ; furniture, maps, plans,
(tc, $8,569.22 ; president's and directors' fees, $5,000; sundries,
$21,332.02 282,956 98
Total cash expenditure $ 3,438,601 71
CASH ACCOUNT.
1901. Dr.
Dec. 31. To balance in hand and in banks as at this date $ 259,555 93
1902.
Dec. 31. To income as above 3,553,229 39
$ 3,812,785 32
1902. Cr.
Dec. 31. By expenditure during year as above $ 3,438,601 71
By investments 127,004 13
Balance in hand and in banks at this date 247,179 48
$ 3,812.785 32
142
DEPARTMENT OF FINANCE— INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
WESTERN— Conc^Wed
RISKS AND PREMIUMS.
Fire Risks.
Gross policies in force at
date of last statement. . .
Taken during the year
(new and renewed)
Total
Deduct terminated . .
Gross in force at end of year
Deduct reinsured
Net in force Dec. 31, 1902.
Inland Marine Risks.
Gross policies in force at
date of last statement. . .
Taken during the year
Total ...
Deduct terminated.. ...
Gross in force at end of year
Deduct reinsured
Net in force Dec. 31, 1902.
Ocean Risks.
Gross policies in force at
date of last statement. . .
Taken during the year . .
Total ...
Deduct terminated
Gross in force at end of year
Deduct reinsured
Net in force Dec. 31, 1902.
In Canada.
Amount.
69,927,156
64,051,152
133,978,308
52,447,557
81,530,751
20,343,239
61,187,512
4,226,918
4,226,918
4,226,918
Pr(
$ cts.
882,999 33
867,097 95
1,750,097 28
700,249 69
1,049,847 59
296,709 33
753,138 26
In other Countries.
Amount.
305,611,769
295,646,562
601,258,331
304,890,323
296,368,008
53,239,671
243,128,337
20,901 36
20,901 36
20,901 36
4,158,376
59,271,3161
63,429,692
57,205,855
6,223,837
2,074,612
4,149,225
74,005 38
581,618 27
655,623 65
559,162 39
96,461 26
32,153 75
64,307 51
6,332,170
68,308,266
74,640,436
68,824,106
5,816,330
1,097,315
4,719,015
1,705,607
16,034,814
17,740,421
16,024,507
1,715,914
1,715,914
Premiums.
$ cts.
2,924,329 05
3,024,364 59
Total in all Countries.
Amount. Prenii
375,538,925
359,697,714
5,948,693 64
2,929,106 19
3,019,587 45
491,640 60
735,236,639
167,449,214
567,787,425
263,471,576
2,527,946 85
140,113 88
320,765 50
460,879 38
318,879 13
304,315,849
142,000 25
27,921 95
114,078 30
6,332,170
72,535,184
78,867,354
73,051,024
5,816,330
1,097,315
4,719,015
58,781 72 5,863,983
200,930 01 75,306,130
259,711 73
195,514 74
64,196 99
64,196 99
81,170,113
73,230,362
7,939,751
2,074,612
5,865,139
$ cts.
3,807,328 38
3,891,462 54
7,698,790 92
1,136,620 70
6,562,170 22
3,281,085 11
3,281,085 11
140,113 88
341,666 86
114,078 30
182,787 10
782,548 28
915,335 38
754,677 13
160,658 25
32,153 75
128,504 50
Total number of policies in force (No return.)
Total net amount in force $314,900,003 00
Total premiums thereon 3,523,667 91
2-3 EDWARD VII. SESSIONAL PAPER No. 8 A. 1903
t
STATEMENTS
OF
LIFE INSURANCE COMPANIES
2-3 EDWARD VII. SESSIONAL PAPER No. 8 A. 1903
LIST OF COMPAmES
BY WHICH THE BUSINESS OF LIFE INSURANCE WAS TRANSACTED
IN THE DOMINION DURING THE YEAR ENDED
DECEMBER 31, 1902.
The ^tna Life Insurance Company. '
The British Empire Mutual Life Assurance Company.
The Canada Life Assurance Company.
The Commercial Union Assurance Company (Limited).
The Confederation Life Association.
*The Connecticut Mutual Life Insurance Company.
The Continental Life Insurance Company.
The Crown Life Insurance Company.
The Dominion Life Assurance Company.
*The Edinburgh Life Assurance Company.
The Equitable Life Assurance Society of the United States.
The Excelsior Life Insurance Company.
The Federal Life Assurance Company of Canada.
The Germania Life Insurance Company.
The Great West Life Assurance Company.
The Home Life Association of Canada.
The Imperial Life Assurance Company of Canada.
*The Life Association of Scotland.
The Liverpool and London and Globe Insurance Company.
The London and Lancashire Life Assurance Company.
The London Assurance.
The London Life Insurance Company.
The Manufacturers' Life Insurance Company.
The Metropolitan Life Insurance Company.
The Mutual Life Assurance Company of Canada.
The Mutual Life Insurance Company of New York.
The Mutual Reserve Life Insurance Company.
The National Life Assurance Company of Canada.
■^The National Life Insurance Company of the United States of America.
The New York Life Insurance Company,
The North American Life Assurance Company.
The Northern Life Assurance Company of Canada.
The North British and Mercantile Insurance Company.
*The North-western Mutual Life Insurance Company.
The Norwich Union Life Insurance Society.
*The Phcenix Mutual Life Insurance Company.
The Provident Savings Life Assurance Society of New York.
The Reliance Mutual Life Assurance Society.
The Royal Insurance Company.
The Royal Victoria Life Insurance Company.
*The Scottish Amicable Life Assurance Society.
■*The Scottish Provident Institution. .
The Standard Life Assurance Company.
The Star Life Assurance Society.
The Sun Life Assurance Company of Canada.
Tlie Travelers Insurance Company.
The Union Life Assurance Company.
The Union Mutual Life Insurance Company.
The United States Life Insurance Company in the City of New York.
The Subsidiary High Court of the Ancient Order of Foresters.
*The licenses of these companies expired on March 31. 1878, so far as relates to new business.
8—10 145
2-3 EDWARD VII.
SESSIONAL PAPER No. 8
A. 1903
THE ^TNA LIFE INSURANCE COMPANY.
Statement foe the Year ending December 31, 1902.
President — Morgan G. Bulkeley. | Secretary — J. L. English.
Principal Office — Hartford, Conn., U.S.
Chief Agent in Canada — William H. Ore. | Head Office in Canada — Toronto.
(Incorporated, June 6, 1850. Commenced business in Canada, 1866.)
CAPITAL.
Amount of capital authorized % 2,000,000 00
Amount subscribed for and paid up in cash 1,750,000 00
ASSETS in CANADA.
Amount of loans made to Canadian policy-holders on the company's
policies assigned as collaterals ($289,656 of this amount belongs to
policies issued subsequent to March 31, 1878.)
Premium obligations on Canadian policies in force ($10,095.71 of this
amount belongs to policies issued subsequent to March 31, 1878)...
Stocks, bonds and debentures owned by the company and held in
Canada, viz.: —
Par value. Book value. Market value.
City of Quebec Water % 40,000 00 % 40,000 00 % 44,000 00
City of London 75,000 00 75,000 00 81,000 00
City of Ottawa 133,000 00 133,000 00 144,650 00
Montreal Harbour 60,000 00 60,000 00 63,000 00
City of Toronto 362,200 00 358,317 00 382,276 00
Town of Mount Forest 20,000 00 20,000 00 22,000 00
City of Stratford 21,000 00 21,000 00 23,100 00
Town of Levis 26,66172 20,000 00 21,400 00
City of Hull 40,000 00 40,000 00 42,000 00
Province of Manitoba 149,893 33 149,893 34 169,400 00
City of Sault Ste. Marie 20,100 00 20,000 00 21,000 00
City of Brantford 100,000 00 97,500 00 101,000 00
City of Three Rivers 32,500 00 32,500 00 35,750 00
Town of Coaticook 21,000 00 21,000 00 22,680 00
City of Victoria 75,000 00 75,000 00 82,500 00
City of Vancouver 225,000 00 225,000 00 256,500 00
City of St. Hyacinthe 30,000 00 30,000 00 30,900 00
Town of Parkdale 47,495 52 47,495 52 47,495 52
City of St. Thomas 106,939 66 106,939 66 117,633 62
Town of Windsor 88,507 03 88,507 03 92,901 78
City of Kingston 45,963 99 46,663 99 49,930 47
City of Belleville 50,000 00 50,000 00 55,000 00
City of C6te St. Antoine 100,000 00 98,250 00 105,000 00
Town of Gait 50,000 00 49,125 00 50,500 00
Province of New Brunswick 66,000 00 66,000 00 69,300 00
City of St. John, New Brunswick 150,000 00 149,375 00 156,500 00
City of Hamilton 24,811 43 24,318 48 25,059 54
City of Halifax 100,000 00 100.000 00 107,000 00
City of Sherbrooke 75,000 00 72,750 00 76,500 00
Roman Catholic School, Montreal 86,000 00 85,000 00 87,550 00
Protestant School, Montreal 203,000 00 200,687 60 211,120 00
Prince Edward Island 100,000 00 97,250 00 105,000 00
Protestant Insane Hospital 74,000 00 74,000 00 78,440 00
British Consols 486,666 67 457,791 56 470,000 00
City of Montreal 200,000 00 200,000 00 200,000 00
City of Montreal Stock. . . 60,000 00 60,000 00 60,000 00
Province of Quebec 457,833 33 455,587 17 490,130 00
Town of Westmount 100,000 00 100,000 00 100,000 00
Totals $ 4,102,572 67 % 4,047,951 35 % 4,298,216 93
8— lOJ 147
332,431 00
24,376 13
148 DEPARTMENT OF FINANCE— INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
^TNA LIFE— 6'on^mwec?.
ASSETS — Continued.
Carried out cat market value I 4,298,216 93
Cash in banks, viz.: —
Ontario Bank. % 8,134 81
Bank of Toronto 25,420 88
Total cash in banks 33,555 69
Interest due and accrued 20,565 05
Gross premiums due and uncollected on Canadian policies in force ^ 42,758 59
Gross deferred premiums on same 21,458 87
Total outstanding and deferred premiums -S 64,217 46
Deduct cost of collection at 20 per cent 12,843 49
Net outstanding and deferred premiums 51,373 97
Total assets in Canada | 4,760,518 07
LIABILITIES IN CANADA.
Under Policies issued previous to March SI, 1878.
■^Amount computed to cover the net present value of all Canadian
policies in force I 1,210,939 00
Claims for death losses adjusted but not due, and rmadjusted but not
resisted (of which $545 accrued in previous years) $ 5,432 00
Claims for matured endowments due and unpaid (of which $2,221 accrued
in previous years) 3,030 00
8,462 00
Amount of dividends or bonuses to Canadian policy-holders due and
unpaid 592 80
Total liabilities in respect of said policies in Canada. ... $ 1,219,993 80
Under Policies issued subsequent to March SI, 1878.
■^Amount computed to cover the net present value of all Canadian
policies in force I 4,063,641 00
Supplementary contracts not involving life contingencies , . . . 2,962 00
Claims for death losses adjusted but not due, and unadjusted but not
resisted (of which $1,000 accrued in previous years) $ 7,493 00
Claims for matured endowments due and unpaid 1,924 00
9,417 00
Amount of dividends or bonuses to Canadian policy-holders due and
unpaid 3,61 1 00
Total liabilities in respect of said policies in Canada. ... $ 4,079,631 00
Total liabiHties in Canada | 5,299,624 80
* Based on Institute of Actuaries Hm. Table of Mortality, with 4| per cent interest for policies
issued prior to Dec. 31. 1899, and with 3^ per cent interest for policies issued subsequent to that date.
LIFE INSURANCE COMPAMES 149
SESSIONAL PAPER No. 8
^TNA LIFE— Continued.
INCOME IN CANADA.
Cash received for premiums | 528,546 73
Premium obligations taken in part payment of premiums 1,644 42
Premiums paid by dividends 57,381 96
Total premium income (New, $52,374.13; Renewal, $535,198.98) | 587,573 11
Interest on investments 171,157 82
Interest on deposits 836 21
Interest on premium notes and policy loans 16,342 63
Consideration for supplementary contracts not involving life contingencies 2,962 00
Total income in Canada during the year $ 778,871 77
EXPENDITURE IN CANADA.
Cash paid for death losses in Canada S 264,554 20
Premium and other obligations nsed in payment of the same 8,864 25
Payments on matured instalment policies 3,287 00
Total amount paid for death claims (of which $14,653 accrued in previous
years) ; $ 276,705 45
Cash paid for matured endowments $ 371,883 44
Premium and other obligations used in payment of the same . . 44,942 56
Total amount paid for matured endowments (of which $3,524 accrued in
previous years) $ 416,826 00
Total amount paid for death claims and matured endowments $ 693,531 45
Cash paid for surrendered policies 3,906 86
Cash dividends paid policy-holders 8,036 61
" applied in payment of premiums in Canada 57,381 96
Total net amount paid to policy-holders in Canada. .. $ 762,856 88
Cash paid for commissions, salaries and other expenses of officials in
Canada 63,330 52
Taxes, licenses, fees or fines 5,282 62
Miscellanaeous pa3^ments, viz : — Postage, $2, 197. 38; telegraph, $136.60 ;
express, $760.26; stationery, $265.63; printing, $354.90; ex-
change, $236.92; medical examiners, $3,278; sundry, $22.55;
advertising, $80; legal expenses, $121.20; inspection of risks,
$66.66 7,520 10
I
Total expenditure in Canada | 838,990 12
PREMIUM NOTE ACCOUNT.
Premium obligations on hand at commencement of year $ 12,876 93
II received during the year 1,025 42
$ 13,902 35
Amount of obligations used in payment of claims $ 303 13
II M dividends to policy-holders.. 728 26
Total deductions $ 1,031 39
Balance — note assets at end of year $ 12,870 96
150 DEPARTMENT OF FINANCE-INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
^TNA LIFE— Con^m?tec?.
MISCELLANEOUS.
Number of new policies reported during the year as taken in Canada . 663
Amount of said policies I 1,039,700 00
Number of policies become claims in Canada during the year 513
Amount of said claims 688,958 00
Number of policies in force in Canada at date 1 2, 11 2
Amount of said policies 16,472,344 00
EXHIBIT OP POLICIES.
In force at beginning of year —
No. Amount. No. Amount.
Whole life policies 5,427 $ 6,587,494
Endowment assurances. . .'. 5,900 8,226,266
All other policies 845 1,716,750
New policies issued —
Whole life policies 31 $ 18,234
Endowment assurances 676 1,005,022
All other policies 60 99,300
12,172 ^ 16,530,510 00
767 1,122,556 00
Old policies revived 5 12,172 00
Old, changed and increased 86 190,500 00
Totals... 13,030 | 17,855,738 00
Deduct terminated and not taken ' 918 1,383,394 00
In force at end of year —
Whole life policies 5,184 $ 6,148,665
Endowment assurances 6,079 8,613,329
All other policies 849 1,710,350
12,112 $ 16,472,344 00
DETAILS OF POLICIES WHICH HAVE CEASED TO BE IN FORCE.
No. Amount.
Terminated by death 182 $ 272,771 00
u maturity 325 415,226 00
-t expiry 8 13,000 00
M surrender 84 81,899 00
.r lapse 192 349,998 00
II change and decrease 87 196,500 00
I. not taken ; 40 54,000 00
Total 918 I 1,383,394 00
DETAILS OF POLICIES ISSUED PRIOR TO MARCH 31, 1878.
No. Amount.
Policies in force at beginning of year in Canada 2,539 $ 2,642,530 00
Policies revived or increased during the year. 10 9,714 00
Policies terminated 123 162,658 00
Policies in force at date of statement 2,426 2,489,586 00
LIFE INSURANCE COMPANIES 151
SESSIONAL PAPER No. 8
^TNA J^IFE—CoTiiinued.
General Business Statement for the Year ending December 31, 1902.
income during the year 1902.
Total premium income $ 8,404,466 74
Consideration for supplementary contracts not involving life contin-
gencies ". 62,949 00
Cash received for interest and for discount on claims paid in advance. . 2,377,624 26
Cash received for rents 37,172 80
Premium notes, loans or liens restored by revival of policies 223 90
Profit on sale or maturity of ledger assets 177,527 51
Revenue stamps redeemed 214 59
Total income, life department 111,060,178 80
Total income, accident department 1,756,621 29
Total income $12,816,800 09
DISBURSEMENTS DURING THE YEAR 1902.
Cash paid for losses and matured endowments $ 4,527,770 37
Dividends paid policy-holders 202,126 07
Dividends applied to purchase paid-up additions and annuities 5,438 71
Dividends applied to pay running premiums 506,878 48
Surrender values paid in cash 155,428 99
Surrender values applied to pay running premiums 2,808 49
Surrender values applied to purchase paid-up insurance and annuities. . 277,529 24
Cash paid stockholders for interest or dividends 175,000 00
Commissions to agents 1,004,967 06
Taxes, licenses and Insurance Department fees 283,742 88
Rent 39,760 40
Salaries and allowances for agencies 28,876 53
Agency supervision, travelling and all other agency expenses 20,165 36
Medical examiners' fees and inspection of risks 82,786 47
Salaries of officers and office employees 180,554 34
Advertising, printing and stationery and postage 72,977 21
Miscellaneons expenses 1 14,190 41
Total disbursements, life department « $ 7,681,001 01
Total disbursements, accident department 1,527,688 54
Total disbursements ^ 9,208,689 55
ledger assets.
Book value of real estate, unencumbered $ 669,543 12
Mortgage loans (first liens) on real estate ~ 27,303,046 82
Loans secured by pledge of bonds, stocks and other collaterals 1,009,024 17
Loans made to policy-holders on the company's policies assigned as col-
laterals : 2,379,915 00
Premium notes, loans or liens on policies in force 396,153 38
Book value of bonds and stocks owned absolutely 22,692,301 57
Cash on hand and in banks 5,297,111 02
Bills receivable. . 25,384 22
ToUl $59,772,479 30
Deduct ledger liabilities 3,514 54
ToUl net ledger assets $59,768,964 76
152 DEPARTMENT OF FINANCE— INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
^TNA J AFl^— Concluded.
NON-LEDGER ASSETS.
Interest due and accrued $ 827,462 66
Market value of stocks and bonds over book value 2,232,063 17
Net amount of uncollected and deferred premiums 614,895 53
Rents due and accrued 2,345 33
Total assets as per books of company $63,445,731 45
Deduct assets not admitted 44,517 38
Total assets admitted $63,401,214 07
LIABILITIES.
Net reinsurance reserve. Actuaries' Table of Mortality, with 4 per cent
interest on old business and on 3 J per cent basis on business issued
in 1901 and 1902 $53,825,139 13
Present value of amounts not yet due on matured instalment policies . . 62,833 00
Total unsettled claims 233,811 00
Amount of all unpaid dividends, or other profits due policy-holders. . . . 89,983 20
Dividends apportioned, payable to policy-holders during 1903 . . 290,700 14
Dividends apportioned, payable to policy-holders subsequent to 1903. . 445,904 27
Due and unpaid on supplementary contracts not involving life con-
tingencies 125 00
Commissions due to agents on premium notes when paid 2,423 22
Salaries, rents and expenses due and accrued 10,000 00
Premiums paid in advance 21,042 84
Liability under cancelled policies 17,781 00
Special reserve in addition to reserve above given 2,113,933 00
Total liabilities, life department $57,113,675 80
Total liabilities, accident department 789,001 88
Total liabilities $57,902,677 68
Capital stock paid up $ 1,750,000 00
. •
Gross divisible surplus $ 3,748,536 39
RISKS AND PREMIUMS.
LIFE.
Number of new policies issued during the year 16,433
Amount of said policies $30,340,859 00
Number of policies terminated during the year 9,865
Amount terminated 18,476,244 00
Number of policies in force at date of statement 124,202
Net amount of said pohcies 213,762,977 00
LIFE IXSUBANCE COMPANIES 153
SESSIONAL PAPER No. 8
THE BRITISH EMPIRE MUTUAL LIFE ASSURANCE COMPANY.
General Manager- aud Actuary —
Gerald H. Ryan, F.I.A.
Statement for the Year ending December 31, 1902.
President —
Rt. Hon. Sir John Gorst, K.C, M.P.
Principal Office — 4 and 5 King William Street, London, E.C., England.
Chief Agent in Canada — A. McDougald. | Head Office in Canada — Montreal.
{Incorporated, January 26, 1847. Commenced business in Canada, February 7, 1883.)
No capital.
ASSETS IN CANADA.
Talue of real estate in Canada held by the company, unincumbered.. . | 157,550 05
Mortgages on real estate in Canada 1,163,733 58
Amount of loans made to Canadian policy-holders on the company's
policies assigned as collaterals 160,753 02
Stocks and bonds in deposit with the Receiver General : —
Par value. Market value. Book value.
Province of British Columbia 3 per cent
stock % 49,153 33 % 44,238 00 $ 43,692 93
Canada 4 per cent bonds, 1885 6,813 33 7,222 13 6,959 33
City of Ottawa 6 per cent tends 24,333 33 24,698 33 24,333 33
South Australian 5 per cent bonds 14,600 00 16,279 00 14,60(> 00
Canada Permanent L. & S. Co. deben-
ture stock 40,636 67 40,036 67 40,636 67
City of London, Ont., tends 60,000 00 60,000 00 59,586 75
Manitoba Government tends 30,000 00 30,900 00 31,465 18
St. Louis (Montreal) bonds 15,000 00 15,000 00 14,850 00
Maisonneuve (Montreal) bonds 15,000 00 16,050 00 16,075 18
Canada 3^ per cent bonds 486 67 501 27 486 07
Newfoundland Government 3^ per cent
tends 40,393 33 37,565 80 35,638 60
Total market, par and book value. .$ 296,416 66 % 293,091 20 $ 288,324 65
Carried out at book value 288,324 65
Montreal Gas Company bonds (par value, $24,820 ; market value,
125,316 . 40) carried out at book value 25,120 22
Oash at head office in Canada . 100 59
Cash in Bank of Montreal 186,485 73
Interest due (maturing tef ore Decemter 31, 1902) $ 1 ,023 83
.. (for 6 months ending Decemter 31, 1902) 8,192 12
Interest accrued 10,430 31
Total carried out 19,646 26
Loan on 2 life policies, personal covenant and vested agency commission. 6,400 00
Endowment assurances, fully paid, present value 5,818 39
Oross premiums due and uncollected on Canadian p^jlicies in force
($34,194.57 of which are premiums due during Decemter, 1902) $ 40,007 46
Deduct cost of collection at 5 jjer cent 2,000 37
Net outstanding premiums 38,007 09
Total assets in Canada I 2,051,939 58
154 DEPA R TMENT OF FIN A NCE-INS URA NCE BRA XCH
2-3 EDWARD VII., A. 1903
BRITISH ^^IVIKK— Continued.
LIABILITIES IN CANADA.
^Amount estimated to cover the net present value of all Canadian
policies in force I 1,644,000 00
Reserves for reversionary additions and premium reductions 196,000 00
Reserves for life annuities 30,000 00
% 1,870,000 00
Deduct value of said policies reinsured in other companies licensed in
Canada 75,000 00
Net reinsurance reserve $ 1,795,000 00
Claims for death losses unadjusted but not resisted % 11,154 25
tt matured endowments unadjusted but not resisted. 6,604 00
Total amount of unsettled claims in Canada 17,758 25
Due on account of general expenses 3,648 67
Total liabilities in Canada $ 1,816,406 92
INCOME IN CANADA.
Gross amount of premiums received in cash during the year on life
policies in Canada (new, $15,298.58 ; renewal, $221,267.44) . . . . $ 236,566 02
Premiums paid by bonuses 543 00
Cash received for annuities 229 00
Total I 237,338 02
Deduct premiums paid to other companies for reinsurance 9,515 07
Net premium income I 227,822 95
Cash received for interest 72,599 94
Cash received for rents 4,684 00
Interest on deposit, paid direct to head office, London 9,693 39
Total income in Canada | 314,800 28
EXPENDITURE IN CANADA.
Cash paid for death losses in Canada % 00,377 33
Deduct amount received for reinsured death claims 1,100 00
Net amount paid for death claims in Canada $ 89,277 33
Net amount paid on account of matured endowments 40,933 83
Total net amount paid for death claims and matured endowments. | 1 30, 2 1 1 16
Cash paid to annuitants 4,712 30
Amount paid for surrendered policies 14,668 10
Cash bonuses paid to Canadian policy-holders 623 38
II applied in payment of premiums in Canada 543 00
Total net amount paid to policy-holders in Canada | 150,757 94
^Estimated by the department on basis of Institute of Actuaries' Hm. Table with 4iper cent interest,
and Hm. 3^ for policies issued since December 31, 1899. The company's valuation is based upon the New
British Offices 0"> (^) Table, with interest at 3 per cent— net premium method.
LIFE INSUBANCE COMPANIES 155
SESSIONAL PAPER No. 8
BRITISH EMPIRE— Con^mwed
EXPENDITURE IN CANADA — Concluded.
Cash paid for commissions, salaries and other expenses of officials in
Canada I 23,874 7a
Cash paid for taxes ' 2,707 21
Miscellaneous payments, viz. : — Travelling expenses, |1,382.45; print-
ing and stationery, $854 . 56 ; legal expenses, $601 . 68 ; rent and
furniture account, $1,844.17; advertising, $146.85; postage,
carriage and telephones, $907.47; expenses, $124.19; other
charges, $2,803.81 8,665 la
Total expenditure in Canada $ 186,005 06-
MISCELLANEOUS.
Number of new policies reported during the year as taken in Canada . . 69
Amount of said policies , $ 275,490 00-
Amount of said policies reinsured in other licensed companies in
Canada 14,000 OG
Number of policies become claims in Canada during the year (including
matured endowments) , 65
Amount of said claims (including matured endowments) 138,088 91
Number of policies in force at date 2,551
Amount of said policies % 6,071,576 70
Bonus additions thereon . . 394,056 80
Total $ 6,465,633 50
Less amount of said policies reinsured in other licensed companies in
Canada (including bonus additions, $17,329 .10) 282,528 10
Net amount in force December 31, 1902 6,183,105 40
Number of life annuities in force in Canada at date 8
Annual payments thereunder $ 4,735 06-
EXHIBIT OF POLICIES (CANADIAN BUSINESS).
In force at beginning of year —
No. Amount. No. Amount.
Whole life policies 1,857 $4,504,936 01
Endowments 756 1,591,620 27
Term and other 2 37,000 00
Bonus additions 411,196 22
New policies issued-
Whole life ; 37 % 169,490 00
Endowments 32 106,000 00
2,615 $ 6,544,752 50
69 275,490 00
Old policies amd bonuses revived 1 1,670 00
Bonuses added 1 15 00
2,685 $ 6,822,027 50
Deduct terminated 134 356,394 00
In force at end of year —
No. Amount.
Whole life 1,807 $ 4,419,717 43
Endowments 742 1,614,869 27
Term and other 2 37,000 00
Bonus additions 394,056 80
2,551 $ 6,465,633 50
156 DEPARTMENT OP FINANCE-INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
BRITISH EMPIRE— C(Mi«m?^ed
DETAILS OF POUCIES WHICH HAVE CEASED TO BE IN FORCE.
No. Amount.
Terminated by death 34 $ 91,673 58
M maturity 31 46,415 33
„ surrender 42 128,128 17
„ lapse 27 90,176 92
Total 134 % 356,394 00
DETAILS OF POLICIES REINSURED AT END OF YEAR.
Whole life 1205,199 00
Endowments 60,000 00
Bonus additions 17,329 10
Total $282,528 10
I
LIFE INSURANCE COMPANIES
157
SESSIONAL PAPER No. 8
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158
DEPARTMENT OF FINANCE— INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
CANADA LIFE ASSURANCE COMPANY.
Statement for the Year ending December 31, 1902.
President — Hon. Geo. A. Cox. | Secretary —IX. Hills.
Head Office — Toronto, Ont.
(Organized, August 21, 1847 ; incorporated, April 25, 1849, by Act of the Legislature
of the late Province of Canada, 12 Vic, cap. 168; amended in 1879 by 42 Vic,
cap. 71 ; in 1893 by 56 Vic, cap. 76, and in 1899 by 62-63 Vic, cap. 90. Com-
menced business in Canada, August 21, 1847.)
CAPITAL.
Amount of capital authorized and subscribed for ^ 1,000,000 00
Amount of capital paid up in cash 981,280 00
(For List of Shareholders, see Appendix.)
assets as per ledger accounts.'
Value of real estate held by the company, including company's build-
ings in Toronto, Montreal, Hamilton and Winnipeg. $ 1,602,122 56
Amount secured by way of loans on real estate by bond or mortgage,
first liens 3,651,739 16
Amount of loans secured by bonds, stocks or other marketable col-
laterals 2,572,771 84
Viz.: — Upon stock and bonds of —
Par value. Market value. '^^S^.UT''^
701 shares Western Assurance Co %
\ 28,040 00 $ 26,918 00^
50 ,
1 London Railway Co
2,000 00
3,300 00
81 .
, Nova Scotia Steel Co
8,100 00
8,586 00
25
, Crow's Nest Pass Coal Co
625 00
1,875 00
c% 41,29a 08
27 .
1 Sao Paulo Railway, Light and
Power Co. bonds ($500 each)..
13,500 00
12,150 00
21 .
1 Canadian Bank of Commerce —
1,050 00
1,701 00
238 -
I British America Assurance Co . .
11,900 00
11,900 001
11,715 00
25 ,
, Nova Scotia Steel Co
2,500 00
2,650 00 J
280 ,
1 Canadian General Electric Co . .
28,000 00
54,880 00
47,355 59
4 .
1 Bank of Montreal
800 00
2,152 00
1,500 00
1195 .
, New Brunswick and Canada
1
Railway (common)
119,500 00
47,800 00
50,000 00
117 .
t New Brunswick and Canada
Railway (debenture)
£2,340 stg.
7,972 00 J
100 .
, St. Stephen and Milltown Ry ..
5,000 00
5,000 00
4,500 00
150 ,
1 Canadian Pacific Railway
15,000 00
19,800 001
12,500 03]
29,000 00
100 .
1 Standard Bank
5,000 00
75 ,
. Canadian Bank of Commerce . . .
3,750 00
6,075 00
4,000 00
100 ,
t Bank of Nova Scotia
10,000 00
26,000 00
22,000 00
27 .
. Bell Telephone Co. of Canada . .
2,700 00
4,509 00
1,500 00
80 ,
, St. Stephen and Milltown Ry . .
4,000 00
4,000 00
3,500 00
TAFE INSURANCE COMPANIES
159
SESSIONAL PAPER No. 8
CANADA JAYY.— Continued.
Par value. Market value. Amount loaned
thereon.
50 shares Twin City Rapid Transit Co.
25
87
12
15
117
25
200
100
13
20
2100
36
600
10
146
700
25
800
Nova Scotia Steel Co.
Richelieu and Ontario Naviga-
tion Co
Imperial Bank . ^
Canadian Bank of Commerce . . .
Central Canada Loan and Sav-
ings Co. (part paid)
Imp>erial Bank
Dominion Coal Co
Dominion Coal Co
Landed Banking and Loan Co. .
Central Canada Loan and Sav-
ings Co
Crow's Nest Pass Coal Co
First Mortgage 6% bonds, Petro-
lia Electric Light, Heat and
Power Co
Ottawa, Arnprior and Parry
Sound Ry. bonds
Bonds, Canada Atlantic Ry. Co.
Policy 43590 in Canada Life As-
surance Co .
Policy 39069 in Canada Life As-
surance Co
and portion of Annual Indemnity
as Judge of Superior Court of
Lower Canada for months of
October, Novemberand Decem-
ber in each year, amounting to
$1,000, and continued for five
years
Hamilton Provident and Loan
Society
Hamilton Provident and Loan
Society (part pitid)
Policy No. 32088, Canada Life
Assurance Co
Bonds, The Cobourgr Water and
Electric Co
Bonds ($500 each), Sao Paulo Ry. ,
Light and Power Co
Dominion Coal Co
Bonds ($500 each ), Sao Pau'o Ry. ,
Light and Power Co
Bonds ($1,000 each). Lake Erie
and Detroit River Ry
Free Policy, Equitable Life As-
surance Co. of New York. ...
Policy 13613, Confederation Life
Assurance Co. on the Endow-
ment System, due Dec. 31, 1903.
Policy 33077, S\in Life Assur-
ance Co. on the Endowment
System, due Sept. 1, 1906
Policies in the Standard Life As-
surance Co., Equitable Life
Assurance Co. , Mutual Life As-
surance Co. and Canada Life
Assurance Co
Total
$ 5,000 00 $
2,500 00
5,925 00
2,650 00
8,700 00 8,395 00
1,200 00 2,868 00\
750 00 1,215 00/
$ 14,645 00
3,370 00
2,340 00 3,182 00 2,550 00
2,500 00 5,975 00 5,375 00
20,000 00 26,400 00 24,200 00
10.000 00 13,200 00 11,000 00
1,300 00 1,540 00 1,300 00
2,000 00
52,500 00
18,000 00
2,720 00
157,500 00
18,450 00
2,200 00
107,952 09
18,000 00
1,000,000 00 1,000,000 00 \ 1,300,0.50 00
500,000 00 500,000 OOj
3,000 00
796 00^
2,000 00
548 00
2,800 00
5,000 00
4,277 00.
2,499 00
2,100 00
•-
1,340 00
1,594 00
5,500 00
5,000 00
4,208 00
5,000 00
5,000 00 '
5,000 00
73,000 00
70,000 00
65,700 00
92,400 00^
128,400 00
12,500 00
11,250 00
10,000 00
800,000 00
828,000 00
700,000 00
924 00
440 00
100 00
5,000 00 4,904 00 3,361 08
1,000 00 726 00 600 00
40,000 00
22,708 00
10,000 00
,572,771 84
(Amount of loans, as above, on which interest has been overdue for one
year or more previous to statement, $19,324.85.)
Amount of loans made in cash to policy-holders on the company's
policies assigned as collaterals $ 2,961,841 95
Premium obligations on policies in force. 38,655 99
160
DEPARTMENT OF FINANGE-IXSURANGE BRANCH
2-3 EDWARD VII., A. 1903
CANADA I AY'S.— Continued.
Stocks and bonds owned by the company :-
Government securities-
2i p.c.
ibed
Book value. Par value. Market value.
Dominion of Canada
stock ■; ." $ 224,117 57
Province of Ontario annuities 41,303 23
Province of Quebec inscribed stock 136,937 50
Province of Manitoba bonds 26,130 35
Newfoundland Government inscribed
stock 52,2t>8 00
Newfoundland Government bonds 94,028 86
United States consols 10<.075 00
United States 2 p.c. registered bonds. . . 109,484 37
British Government 2f p.c. consols 97,333 33
243,333 32
41,303 23
150,000 00
24,333 33
48,666 66
97,333 33
100,000 00
100,000 00
105,154 17
$ 221,433 00
41,303 00
136,500 00
25,063 00
50,126 00
90,519 00
110,000 00
108,500 00
97,056 00
$ 888,678 21 ^ 910,124 04 $ 881,100 00
Citi/—
New York, U.S $ 107,940 00
Toledo, Ohio 100,000 00
Montreal permanent stock 46,2,33 33
Toronto, Ont 388,190 64
Toronto Separa'^e Schools 36,116 50
Toronto (Parkdale)
Hamilton
Ottawa, 5 p.c. s.-a., 1910.
London
Chatham
St. Thomas
vStratford
Kingston
Windsor
30,000 00
52,684 09
15,940 57
41,342 50
37,545 70
24,020 21
35,198 40
28,000 00
14,748 24
Sherbrooke, Que 54,756 00
Hull 53,710 00
Winnipeg, Man 122,931 41
Victoria, B.C 199,000 00
Vancouver 70,250 00
Kamloops 15,000 00
Moncton, N. B 15,500 00
Charlottetown, P.E.I 3,146 70
100,000 00
100,000 00
48,666 {j(j
382,033 33
.35,000 00
30,000 00
48,666 GQ
14,. 500 00
40,000 00
37,363 31
23,872 92
35,000 00
28,000 00
14,748 24
52,000 00
55,000 00
122,123 68
199,000 00
75,000 00
1.5,000 00
15,500 00
3,000 00
106,000 00
100,000 00
44,773 00
382,033 00
36,116 00
34,287 00
52,684 00
15,941 00
42,146 00
37,545 00
24,359 00
35,198 00
28,000 00
14,748 00
52,000 00
55,000 00
122,932 00
213,530 00
70,250 00
16,911 00
16,379 00
.3,147 00
$1,492,254 29 -SI, 474, 474 80 $1,50.3,979 00
Count V —
Minnedosa, Man $ 8,000 00 S 8,000 00
Pontiac, Que 100,000 00 100,000 00
Antigonish, N.S 9,302 64 9,000 00
Digby 15,400 00 15,400 00
East Hants 9,500 00 9,500 00
Queen's, N.S 7,000 00 7,000 00
Gloucester, N.B 30,546 46 25,000 00
Albert 8,000 00 8,000 00
Carleton 9,000 00 9,000 00
8,308 00
108,840 00
9,200 00
16,498 00
9,500 00
7,506 00
29,842 00
8,000 00
9, COO 00
$ 196,749 10 $ 190,900 GO $ 206,694 00
Toicn —
Alliston, Ont
Almonte
Amherstburg .
Aylmer
Berlin
Blenheim
Bothwell... ..
Bowman ville
Bracebridge.
Brampton
$ 3,400 00
8,454 09
7,5.39 21
6,255 52
9,290 81
14,064 46
3,804 45
18,629 93
4,871 33
. . . 59,031 04
Brockville 27,535 86
Cornwall
Dresden ....
Dundas
Dunnville
Durham
Essex ........
Fort William .
17,554 37
18,722 53
10,288 75
15,429 56
10,000 00
1,048 00
17,092 76
3,400 00
8,454 09
7,539 21
6,255 52
9,290 81
13,298 22
3,804 45
18,629 93
4,647 86
58,366 06
27,269 53
18,641 77
18,722 53
10,288 75
15,950 67
10,000 00
1,048 00
17,000 00
3,053 00
8,454 00
8,106 00
6,379 00
9,291 00
13,976 00
3,804 00
18,630 00
4,871 00
67,289 00
27,536 00
17,554 00
18,722 00
10,289 00
15,405 00
10,000 00
1,088 00
17,761 00
LIFE INSURANCE COMPANIES l^l
SESSIONAL PAPER No. 8
CANADA JAF'E,— Continued.
Stocks and bonds owned by the company : —
Town —
Book value. Par value. Market value.
Harriston $ 23,565 83 $ 23,767 91 .$ 23,769 00
Kingsville......... 3,934 34 3,807 60 3,934 00
Kincardine . 4,620 00 4.620 00 4,620 00
Leamington 3,62112 3,62112 3,798 00
Lindsay 8,152 42 8,152 42 8,152 00
Mattawa 15,106 08 13,887 42 15,545 00
Mount Forest 11,614 20 11,786 70 11,787 00
Meaford ... 11,809 35 12,000 00 12,000 00
Orillia (guaranteed by county of Simcoe) 74,345 44 70,825 61 74,345 00
Palmerston 1,037 08 1,037 08 1,037 00
Petrolea 24,06104 24,06104 24,668 00
Rat Portage , 84,904 84 84,904 84 84,905 00
Ridgetown 1,905 47 1,905 47 1,905 00
Sarnia 20,000 00 20,000 00 21,286 00
Sault Ste. Marie 23,982 20 27,000 00 27,000 00
Strathroy, 5% 1,356 51 1,302 24 1,357 00
Smith's Falls 13,623 23 13,623 23 1.3,623 00
Thessalon 2,560 26 2,422 86 2,710 00
Thorold 32,896 69 34,427 70 33,088 00
Trenton 18,600 55 17,834 89 18,60100
Uxbridge 18,865 67 18,865 67 19,424 00
Walkerton 14,992 90 14,399 74 14,993 00
Wallaceburg 4,890 66 4,890 66 5,027 00
Welland... 5,488 18 5,488 18 5,488 00
Walkerville 27,667 59 27,667 59 27,668 00
West Toronto 67,150 00 67,150 00 56,383 00
Wiarton 15,156 33 15,224 66 15,225 00
Wingham 11,000 00 11,000 00 11,403 00
Buckingham ... 1,000 00 1,000 00 1,112 00
Chicoutimi 11,412 93 11,036 49 11,858 00
Maisonneuve 41,167 00 35,000 00 42,189 00
Magog 21,272 17 20,125 00 21,272 00
Sir Henri des Tanneries 62,000 00 62,000 00 67,754 00
St. Andrews 7,096 72 7,096 72 7,783 00
St. Johns, Que 32,509 40 31,521 43 31,521 00
St. Jerome 36,257 00 34,774 99 34,775 00
Calgary 7,500 00 7,500 00 7,911 00
Edmonton, N. W.T 23,219 76 20,664 72 24,065 00
Minnedosa, Man 551 00 600 00 559 00
Neepawa 18,000 00 18,000 00 18,000 00
Dauphin 10,159 20 10,159 20 10,614 00
Campbellton, N.B 48,961 40 48,000 00 48,000 00
Chatham 16,000 00 16,000 00 16,000 00
Newcastle 8,000 00 8,000 00 8,000 00
Annapolis Royal, N.S 8,000 00 8,000 00 8,000 00
Dartmouth 2,000 00 2,000 00 2,085 00
Liverpool 9,500 00 9,500 00 9,500 00
North Sydney 5,000 00 5,000 00 5,196 00
Parrsboro 8,400 00 8,400 00 8,400 00
Pictou 40,029 30 39,000 00 39,851 00
Sydney 121,653 00 117.000 00 121,950 00
Truro ... 66,216 80 65,000 00 65,000 00
Westville 12,36180 12,000 00 12,586 00
Township —
Alfred, Ont
Dunwich ,
Dover
Mersea
Raleigh
Melbourne, Man.
Emily
Dunwich
$1,418,188 13
$1,395,660 58
$ 236 00
$1,430,530 00
$ 236 00
$
243 CO
621 08
621 08
662 00
3,675 90
3,528 44
3,659 00
4,525 44
4,525 44
4.748 00
2,417 10
2,417 10
2,440 00
1,000 00
1,000 00
1,076 00
1,660 20
1,660 20
1,660 00
1,138 25
1,138 25
1,165 00
$ 15,273 97
$
15,126 51
I
15,653 00
School District —
Carberry, Man .$ 9,576 53 $ 8,489 98 $ 9,577 00
Hamiota 3,752 84 3,400 00 3,883 00
8—11
162
DEPARTMENT OF FINANCE— INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
CANADA lAYl^— Continued,
Stocks and bonds owned by the company : —
School district —
Book value. Par value. Market value.
Moosoniin $ 10,200 00 $ 10,200 00 $ 10,562 00
Prince Albert 10,849 70 10,350 00 11,094 00
Ridgevvay 1,176 00 1,080 00 1,240 00
Saskatoon 1,252 75 1,080 00 1,320 00
Howard 920 00 920 00 956 00
Pipestone 1,758 80 1,700 00 1,821 00
Gratton 3,347 55 3,230 00 3,604 00
Rosthern 6,114 88 5,700 00 6,580 00
Martin 2,280 00 2,280 00 2,456 00
Stinson 1,200 00 1,200 00 1,248 00
Strathcona 5,911 33 5,T00 00 6,140 00
Winnipeg 99,892 50 100,000 00 100,000 00
Red Deer 4,150 00 4,000 00 4,481 00
$ 162,382 88 $ 159,329 98 $ 164,962 00
Villarje—
Caledonia, Ont $ 2,500 00 $ 2,500 00 $ 2,58100
Exeter 4,500 00 4,500 00 4,646 00
Georgetown 7,800 00 7,800 00 8,415 00
Tilbury 6,642 66 6,347 67 6,879 00
Winchester 2,409 70 2,409 70 2,410 00
Hochelaga, Q 20,000 00 20,000 00 20,866 00
Rigaud 3,885 90 3,885 90 4,137 00
St. Ainie 1,377 70 1,377 70 1,387 00
St. Cunegonde 52,000 00 52,000 «X) 53,498 00
St. Gabriel 65,000 00 65,000 00 68,640 00
Souris, P.E.T. 1,89180 2,000 00 2,000 00
Daly, Man 5,765 72 5,160 90 5,776 00
Kemptville 1,850 06 1,850 06 1,850 00
Teeswater 1,397 21 1,397 21 1,397 00
Glencoe 1,800 66 1,728 64 1,801 00
Port Colborne 6,949 97 6,949 97 6,950 00
Madoc 12,003 53 12,003 53 12,004 00
• Elmira 4,832 00 4,832 00 4,832 00
Hanover 14,516 93 14,732 55 14,733 00
Dundalk 4,475 75 4,475 75 4,476 00
$ 221,599 59
Railway bonds —
Canada Atlantic Railway .$ 250,000 00
Canadian Northern Railway, First
mortgage (guaranteed by Province of
Manitoba) 97,^^33 33
Canadian- Northern Railway, Ontario
Division (guaranteed by Province of
Manitoba) 170,333 33
Canadian Northern Railway, Land
Grant bonds 341,250 00 350,000 00 346,500 00
Central Counties Railway 219,200 CO 232,000 00 232,000 00
Bay of Quinte Railway 146,250 00 150,000 00 146,250 00
Hamilton Street Railway 51,725 00 50,000 00 51,725 00
Hamilton and Dundas Railway 105,280 00 100,000 00 105,280 00
Hamilton, Grimsby^and Beamsville Ry. 31,736 74 30,000 00 31,736 00
Hereford Railway (guaranteed by Maine
Central Railway) 100,000 00
Kingston and Pembroke Ry. (Canadian
Pacific Railway System) 262,500 00 300,000 00 262,500 00
Lake Erie and Detroit River Railway. . 231,250 00 250,000 00 258,750 00
Manitoba and South -Eastern Railway
(guaranteed by Province of Manitoba) 97,333 33 97,333 33 103,173 00
Montreal Street Railway 79,522 50 75,000 00 79,522 00
Niagara, St. Catharines and Toronto
Railway 50,000 00 50,000 00 50,000 00
Ottawa Electric Railway 293,308 90 290,000 00 290,000 00
Toronto Railway Company 806,760 58 768,333 33 813,434 00
Wellington, Grey and Bruce Railway. . 5,995 74 6,326 66 5,996 00
$ 220,950 68 $ 229,278 00
$ 250,000 00 $ 257,500 00
97,333 33 103,173 00
170,333 33 173,740 00
100,000 00 103,500 00
$3,339,779 45 $3,366,659 98 $3,414,779 Ot
»
LIFE INSURANCE COMPANIES 163
SESSIONAL PAPER No. 8
CANADA lAFY.— Continued.
Stocks and bonds owned by the company : —
Miscellaneous bonds — Book value. Par value. Markei value.
Central Canada Loan and Savings Co .$ 50,000 00 $ 50,000 00 S 50,000 00
Hastings Loan and Investment Co. . . 15,000 00 15,000 00 15,000 00
Dorchester Bridge and Road 6,000 00 -6,000 00 6,000 00
Niagara Falls Suspension Bridge 15,304 78 15,000 00 15,305 00
Cobourg Water Works , 74,500 00 74,500 00 74,500 00
Ingersoll Water Works. . . 69,500 00 69,500 00 69,500 00
MontrealWater and Power Company.. 23,116 67 24,333 33 23,117 00
Victoria Rolling Stock Company. . . . 208,374 20 208,000 00 209,513 00
Dominion Rolling Stock Company, First
Mortgage Bonds 287,071 42 287,071 42 287,071 00
Montreal Gas Company 208,443 73 198,666 66 206,002 00
Bell Telephone Co 364,532 00 329,000 00 364,532 00
Dominion Cotton Mills Company . . 146,000 00 146.000 00 146,000 00
Toronto Hotel Company; , 23,750 00 25,000 00 23,750 00
Montreal Warehousing Company 125,000 00 125,000 00 125,000 00
Perpetual Annuity Grand Trunk Ry.
(guaranteed by Town of Lindsay) 6,.594 00 6,594 00 6,594 00
Dominion Iron and Steel Company 90,792 50 100,000 00 90,792 00
Montreal Harbour 365,177 30 359,000 00 365,177 00
Quebec Harbour 80,000 00 80,000 00 80,000 00
Toronto Electric Light 357,105 00 '350,000 00 357,105 00
Ottawa Electric Company 285,462 80 269,000 00 285,463 00
Stadacona Water, Light and Power Co. 10,796 33 10,796 33 10,796 00
London Electric Company, 100,000 00 100,000 00 100,000 00
Cape Breton Real Estate Co , First
Mortgage Bonds 287,072 25 287,072 25 287,072 00
$3,199,592 98 $3,135,533 99 $3,198,289 00
Stocks —
Canadian Bank of Commerce $ 226,805 29 $ 150,000 00 $243,000 00
Dominion Bank 175,047 49 75,000 00 185,812 00
Bank of Hamilton 256,000 00 128,000 00 295,680 00
Imperial Bank of Canada 174,382 00 84,000 00 200,760 00
Bank of Montreal 150,000 00 60,000 00 161,400 00
Merchants Bank of Canada. 111,247 50 67,500 00 108,675 00
Molsons Bank of Canada 4.750 00 2,500 00 5,350 00
Bank of Nova Scotia 34,250 00 15,000 00 39,000 00
Standard Bank of Canada 47,820 12 25,000 00 62,500 00
Bank of Toronto 116,800 00 50,000 00 126,000 00
Bank of Ottawa 5,193 75 2,.500 00 5,543 00
Canadian Pacific Ry. Co. (Preferred), . . 194,666 66 194,666 66 208,293 00
New Brunswick and Canada Railway
Company (Common Stock) 2,440 00 6,100 00 2,440 00
New Brunswick and Canada Railway
Company (Debenture Stock) 528 00 754 33 528 00
St. Stephen and Milltown Railway , , . , 26,000 00 26,000 00 26,000 00
Hamilton Gas Light Co 7,412 00 7,412 00 11,118 00
Consumers Gas Company 210,000 00 100,000 00 212,000 00
National Trust Company 352,483 25 264,300 00 366,055 00
Toronto General Trusts Corporation . . . 47,114 25 34,500 00 56,580 00
Huron and Erie Loan and Savings Co. . 11,088 00 6,300 00 11,340 00
„ „ „ (20% paid up), 26,560 00 16,000 00 27,840 00
1 he Canada Landed and National In-
vestment Company . : , . 4,500 00 5,000 00 5,275 00
Bell Telephone Company 34,921 75 22,400 00 37,408 00
Montreal Telegraph Company 13,840 00 8,000 00 13,600 00
Dominion .. , 8,643 00 6,700 00 8,308 00
., . Coal Company 197,9.50 00 200.000 00 264,000 00
Twin City Transit Railway 113,780 50 100,000 00 118,500 00
$2,554,223 56 $1,657,632 99 $2,803,005 00
Government $ 888,678 21 $ 910,124 04 $ 881,100 00
City 1,492,254 29 1,474,474 80 1,503,.:»79 00
County 196,749 10 190,900 00 206,694 00
Town 1,418,188 13 1,395,660 58 1,430,530 00
Township 15,273 97 15,126 51 15,r)53 00
School District ] 62,382 88 159,329 98 164,962 00
Village 221,599 59 220,950 68 229,278 00
Railway 3,339,779 45 3,366,659 98 3,414,779 00
Miscellaneous 3,199,592 98 3,135,533 99 3,198,2S9 00
Stocks 2,554,223 56 1,657,632 99 2,803,005 00
$13,488,722 16 $12,526,393 55 $13,848,269 00
8— llj
164 DEPARTMENT OF FINANCE— INSUftANGB BRANCH
2-3 EDWARD VII., A. 1903
CANADA JAFIS^—Continued.
Total debentures, stocks, ikc, carried out at book value $ 13,488,722 16
Cash at head office 14,937 88
Cash in banks, viz. : —
Bank of Scotland, London, Eng $ 1,116 08
National Bank of Scotland, London, Eng 1)25 11
Bank of Nova Scotia, Toronto 12,748 87
Montreal .. 11,470 13
Canadian Bank of Commerce, Toronto 362,604 41
New York 25,742 08
414,606 68
Total $ 24,745,398 22
OTHER ASSETS.
Difference between market value and account value of stocks, bonds, &c . 360,547 00
Interest due / $ 20,310 81
Interest accrued 284,510 07
Total carried out 304,820 88
Rents due. $ 4,128 25
Rents accrued 13,394 36
Total carried out 17,522 61
Net amount of uncollected and deferred premiums on new business,
158,010.20 ; on renewals, $478,633.59 .' 536,643 79
Total assets $ 25,964,932 50
LIABILITIES.
Amount computed to cover the net present value of all policies in force. .% 21,534,346
Reserve for reversionary additions and premium reductions. . . . 2,344,282
Reserve for life annuities " 107,623
Total .$ 24,046,251
Deduct value of policies reinsured . . 168,6.S9
*Net reinsurance reserve I 23,877,612 00
Claims for death losses due and unpaid % 51,692 45
Claims for death losses unadjusted but not resisted 76,498 75
Total 128,191 20
Present value of unpaid instalments of death claims 29,736 00
Reserve on cancelled policies upon which a surrender value. may be '
demanded 3^,577 00
Amount of dividends or bonuses to policy-holders due and unpaid .... 16,107 22
Premiums paid in advance 2,007 38
Capital reserve fund 45,983 46
Total liabilities | 24,133,214 26
Surplus on policy-holders' account $ 1,831,708 24
Capital stock paid up 981,280 00
*Upon basis of Institute of Actuaries' Hm. Table of Mortality, with 3^ per cent interest for business
up to January 1, 1900, and Hm. 3 per cent for business since January 1, 1900.
LIFE INSURANCE COMPANIES 165
SESSIONAL PAPER No. 8
CANADA JAY'S.— Continued.
INCOME.
Cash received from premiums S 2,554,371 29
Premiums paid by dividends 43,691 54
Cash received for annuities. . . . 65,384 38
Total , $ 2,663,447 21
Deduct premiums paid to other companies for reinsurance 48,275 40
Net premium income (new, $369,108.09; renewal, $2,246,063.72) $ 2,615,171 81
Received for interest and dividends 1,045,799 81
Profit on sale of securities 14,085 58
Amount received for rents 39,082 68
Total income $ 3,714,139 88
Received for calls on capital 37,000 00
Total receipts $ 3,751,139 88
EXPENDITURE.
Cash paid for death losses (including $95,993.68 bonus additions) $ 1,181,933 15
Payments on matured instalment policies 3,800 00
Total amount paid for death claims (of this amount $211,362.65 accrued
in previous years) $ 1,185,733 15
Deduct amount received for reinsured death claims 6,363 00
Net amount paid for death claims $ 1,179,370 15
Cash paid for matured endowments (including $28,726.90 bonus ad-
ditions) 244,697 90
Total net amount paid for death claims and matured endowments $ 1,424,068 05
Cash paid to annuitants 18,852 80
Cash paid for surrendered policies 96,762 71
Cash dividends paid to policy-holders $ 22,002 79
Cash dividends applied in payment of premiums 43,691 54
Total carried out 65,694 33
Total amount paid to policy-holders . $ 1,605,377 89
Cash paid stockholders for interest or dividends 76,722 96
Commissions, salaries and other expenses of officials . 509,404 48
Taxes, licenses, fees or fines. 30,138 49
Miscellaneous payments, viz.: — Solicitors' charges, $4,067.77 ; travelling
expenses of agents and others, $12,878.25 ; rents, $58,384.44 ; fuel,
gas and electric light, $1,110.90; stationery; $9,764.60; printing
and advertising, $17,923.81 ; books and periodicals, $880.34 ; post-
age and exchange, $12,157.63; pension capitalization, $9,656;
furnishings, tfec, London, Eng., $3,333; firemen's fund, $500 ;
furniture, &c., $11,058.67; telegrams, $867.18; telephone, rent
and calls, $.3,473.06 ; express and freight, $2,190.02; guarantee
premiums, $453.77 ; library bureau cards, $898.30 ; staff compen-
sation, re head office removal, $2,450 ; sundries, $6,018.50 158,066 24
Total expenditure $ 2,379,710 06
166 DEPARTMENT OF FINANGE-INSURANGE BRANCH
2-3 EDWARD VII., A. 1903
CANADA UlY'E— Continued.
SYNOPSIS OP LEDGER ACCOUNT.
Amount of net ledger assets, December 31, 1901 -123,448,968 40
Amount of cash income as above (including $37,000 calls on capital) . . 3,751,139 88
Total $27,200,108 28
Amount of expenditure as above I 2,379,710 06
Amount transferred from investment reserve account and written off
company's office building at Toronto 50,000 00
Amount written off securities 25,000 00
$ 2,454,710 06
Balance, net ledger assets, December 31, 1902 $24,745,398 22
PREMIUM NOTE ACCOUNT.
Premium obligations on hand at December 31, 1901 $ 43,474 99
Deductions during the year, viz.: —
Amount of obligations used in payment of claims $ 3,021 15
" " in purchase of surrendered policies 27665
" " redeemed in cash 1,521 20
Total deductions $ 4,819 00
Balance, premium obligations at December 31, 1902 $ 38,655 99
MISCELLANEOUS.
Number of new policies reported during the year as taken 4,103
Amount of said policies $ 8,398,386
Amount of said policies reinsured in other licensed companies in Canada 314,924 00
Number of policies become claims during the year 633
Amount of said claims 1,361,701 50
Number of policies in force at date 41,481
Amount of said policies $ 85,641,330 16
Bonus additions 3,529,245 77
Total ..... ... $ 89,170,575 93
Deduct amount of said policies reinsured in other licensed companies
in Canada (including bonus additions, $15,448.99) 1,065,703 53
Net amount of policies in force at December 31, 1902 88,104,872 40
Number of life annuities in force December 31, 1902 22
Amount of annual payments thereunder $ 21,737 31
LIFE INSURANCE COMPANIES 167
SESSIONAL PAPER No. 8
CANADA lAY^— Continued.
EXHIBIT OF POLICIES.
Polices in force at beginning of pear. No. Amount. No. Amount.
Whole life 30,661 $ 65,392,373
Endowment '. 8,318 15,078,124
Term and all other 68 270,214
Bonus additions 3,664,261
39,047 $ 84,404,972
New policies issued.
Whole life 3,235 6,904,775
Endowment 1,420 2,443,804
Term and all other 82 385,423
4,737 9,734,002
Old policies revived 69 154,766
Old policies changed and increased 22 61,669
Total 43,875 $ 94,355,409
Deduct policies decreased or ceased to be in force 2,394 5,184,833
Policies in frrce Dec. 31, 1902.
Whole life 32,236 $ 68,757,389
Endowment 9,142 16,482,441
Term and all other 103 401,500
Bonus additions 3,529,246
41,481 $ 89,170,576
DETAILS OF POLICIES TERMINATED, ETC.
No. Amount.
Terminated by death 508 $ 1,117,004
maturity 125 244,698
expiry 25 143,122
surrender 219 546,079
lapse 948 1,855,617
change and decrease 22 97,050
Policies not taken, issue of 1902.. 354 760,362
It H issues of previous years ... 193 420,901
Total terminations 2,394 % 5,184,833
DETAILS OF POLICIES REINSURED.
No. Amount.
Whole life.. 99 $ 795,930
Endowment 19 239,325
Term, &c 2 15,000
Bonus additions. . . . , 15,449
Total 120 % 1,065,704
Business done outside of Canada.
(Included in above Statement.)
ASSETS.
Amount secured by way of loans on real estate by bond or mortgage
first liens $ 99,800 00
Amount of loans secured by bonds, stocks or other marketable collaterals 50,000 00
Amount of loans to policy-holders on the company's policies assigned as
collaterals 215,365 19
Value in account of stocks, bonds and debentures 882,910 06
Cash in banks : 27,783 27
Total ledger assets $ 1,275,858 52
Market value of stocks, bonds, (fee, over value in account 1,890 94
Interest due % 506 01
Interest accrued ; 13,469 56
Total carried out 13,975 57
Net amount of uncollected and deferred premiums, on new business,
$26,211,93 ; on renewals, $96,574.63 122,786 56
Total assets outside of Canada I 1,414,511 59
168
DEPARTMENT OF FINANCE-INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
CANADA LIFE— Conlinued.
LIABILITIES.
Amount computed to cover the net present value of policies in force out
side of Canada
Reserve for bonus additions and premium reductions .
Reserve for life annuities
$ 1,953,506
83,229
13,649
Total $ 2,050,384
Less value of policies reinsured 59,248
Net reinsuranee reserve $ 1,991,136 00
Claims for death losses due and unpaid $ 2,000 00
1. I. II unadjusted but not resisted .,, 8,000 00
Total unsettled claims
Surrender values claimable on policies cancelled
Amount of dividends to policy-holders due and unpaid
Total liabilities outside of Canada.
10,000 00
3,603 00
559 12
2,005,298 12
PREMIUM INCOME.
Cash received for premiums. .
Premiums paid by dividends.
Total (new, $135,695.98; renewal, $388,986.54).
Less premiums paid to other companies for reinsurances
PAYMENTS TO POLICY-HOLDERS.
Cash paid for death losses (including $3,615.72 bonus additions)
Cash paid for matured endowments (including $286.97 bonus additions)
Cash paid to annuitants
Cash paid for surrendered policies
Cash dividends paid policy-holders , $ 49 75
r applied in payment of premiums 2,036 69
Total carried out.
MISCELLANEOUS.
Number of new policies reported during the year as taken in other
countries 1,647
Amount of said policies $
Amount of said policies reinsured in Other companies
Number of policies become claims 38
Amount of said claims
Number of policies in force in other countries at date 5,630
Amount of said policies $ 14,784,783 50
Bonus additions thereon 134,392 23
522,644 83
2,036 69
524,681 52
22,958 04
Total premium income outside of Canada $ 501,723 48
87,315 72
5,286 97
1,438 68
28,874 14
2,086 44
Total payments to policy-holders outside of Canada. ... $ 125,001 95
3,876,673 00
201,044 00
89,802 69
$ 14,919,175 73
Amount of said policies reinsured in other licensed companies in Canada
(including f 5, 178 bonus additions) 578,973 99
Net amount in force at December 31, 1902 14,340,201 74
Number of life annuities in force outside of Canada
Annual payments thereunder
1,438 68
LIFE INSURANCE COMPANIES 169
SESSIONAL PAPER No. 8
CANADA LIF^— Concluded.
Exhibit of Policies (Business Outside of CA>fADA).
Policiesin force at beginning of year. No. Amount. No. Amount.
Wholelife 2,953 $ 8,971,442
Endowment 1,400 2,978,760
Term and all other 10 28,500
Bonus additions 133,127
4,363 $ 12,111,829
New policies issued.
Wholelife 1,425 $ 3,363,932 ,
Endowment 567 971,133
Term and all other 22 140,400
2,014 4,475,465
Old policies revived 10 23,123
Transfer to foreign branches 101 218,812
Total 6,488 $ 16,829,229
Deduct policies transferred or ceased to be in force 858 1,910,053
Policies in force Dec. 31, 1902.
Wholelife 3,854 $ 11,171,721
Endowment 1,756 3,529,563
Term and all other 20 83,500
Bonus additions 134,392
5,630 $ 14,919,176
Details of Terminations.
No. Amount.
Terminated by death 33 $ 84,865 72
I. maturity 5 5,286 97
I. expiry 8 76,400 00
M surrender 22 77,521 46
lapse 406 854,548 75
I! change and decrease, 18,720 50
Policies not taken 326 653,210 00
Policies transferred from foreign branches 58 139,500 00
Total .... 858 $1,910,053 40
Details of Policies Reinsured.
No. Amount.
Whole life. 54 $ 543,844 00
Endowment . 2 14,952 00
Term and all other 2 15,000 00
Bonus additions 5,178 00
58 $ 578,974 00
170 DEPAMM^NT OF FINANCE— INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
THE COMMERCIAL UNION ASSURANCE COMPANY (LIMITED).
Statement for the Year ending December 31, 1902.
Chairman — Sir James F. Garrick, K.C, Secretary — Henry Mann.
C.M.G.
Principal Office — 19 and 20 Cornhill, London, England.
Chief Agent in Canada — James McGregor | Head Office in Canada — Montreal.
(Incorporated, September 28, 1861. Commenced business in Canada, September 11,
1863.)
CAPITAL.
Amount of capital authorized and subscribed for. $12,166,666 67
Amount paid up 1,216,666 67
ASSETS IN CANADA,
(Specially Life Department.)
Amount secured by way of loans on real estate in Canada by bond or
mortgage— first liens $ 573,731 29
Amount of loans made to Canadian policy-holders on the company's
policies assigned as collaterals (of this amount $2,253.83 is on
policies issued subsequent to March 31, 1878) 9,747 09
Premium obligations on Canadian policies in force (of this amount
$1,268 is on policies issued subsequent to March 31, 1878) 4,478 27
Stocks deposited with the Receiver General —
Par value. Market value.
Cape of Good Hope 4 p.c. stock S 107,067 00 % 112,420 35
Canada 4 per cent stock 29,200 00 29,200 00
3 M 15,573 00 15,728 75
Total par and market values % 151,840 00 $ 157,349 10
Carried out at market value 157,349 10
Cash at head office in Canada 126 85
Cash in banks, viz. : —
Bank of Montreal, Montreal, current account $ 707 99
special dei>osit 1,000 00
Total cash in banks 1,707 99
Interest due and accrued 4,839 78
Gross premiums due and uncollected on Canadian policies in force $ 4,183 12
Gross deferred premiums on same . 1,075 73
Total outstanding and deferred premiums $ 5,258 85
Deduct cost of collection at 10 per cent 525 88
Net outstanding and deferred premiums (of this amount $2,562 is on
policies issued subsequent to March 31, 1878) 4,732 97
Total assets in Canada $ 756,713 34
LIFE INSURANCE COMPANIES 171
SESSIONAL PAPER No. 8
COMMERCIAL V^IO^— Continued.
LIABILITIES IN CANADA LIFE DEPARTMENT.
Under policies issued previous to March 31, 1878.
^Amount computed to cover the net reserve or reinsurance value of all
outstanding policies in Canada | 127,058 93
Reserves for reversionery additions and premium reductions 44,379 13
Total liabilities to said policy-holders in Canada $ 171,438 06
Under policies issued subsequent to March 31, 1878.
^Amount computed to cover the net reserve on all outstanding policies
in Canada I 57,475 33
Reserve for reversionary additions and premium reductions 8,979 00
Total net liabilities to said policy-holders in Canada .... $ 66,454 33
Total net liabilities to all policy-holders in Canada $ 237,892 39
INCOME IN CANADA.
Gross amount of premiums received in cash during the year on life
policies in Canada I 16,410 34
Premium obligations taken in part payment of premiums 119 09
Total premium income , . . . $ 16,529 43
Interest on first mortgage loan (remitted direct to head office) 25,731 24
Interest on policy loans and fines for extension 850 91
Interest on bank deposit 30 07
Total income in Canada % 43,141 65
LIABILITIES IN CANADA.
Amount paid on account of death claims (including bonus additions,
1976.48) $ 6,329 80
Cash paid for surrendered policies. 722 10
Cash dividends applied in payment of premiums in Canada 119 09
Total net amount paid policy- holders in Canada $ 7,170 99
Cash paid for commission, &c 1,378 38
Taxes in Canada 161 74
Miscellaneous payments, viz. : — Legal charges, $42 . 50 ; insurance
superintendence, $7 . 60 ; postage and exchange, $68 . 94 ; printing
and stationery, $4.10; medical fees, $5 ; charges, $3 . 60 131 74
Total expenditure in Canada $ 8,842 85
^Institute of Actuaries' H^^- Mortality Table, with 4^ per cent interest for policies issued prior to
Jan. 1, 1900 ; and with 3^ per cent interest for policies issued on or after that date.
172
DEPARTMENT OF FINANCE— INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
COMMERCIAL V ^10^— Continued.
PREMIUM NOTE ACCOUNT.
Premium obligations on hand at commencement of year.
Used in purchase of surrendered policies
Balance — note assets at end of year ,
MISCELLANEOUS.
Number of new policies reported during the year as taken in
Canada 6
Amount of said policies i
Number of policies become claims in Canada during the year. . . 1
Amount of said claims (including bonus additions $731.94)
Number of policies in force in Canada at date 237
Amount of said policies $ 566,333 30
Bonus additions thereon 84.055 74
Total net amount in force at December 31, 1902
4,635 72
157 45
4,478 27
50,333 33
5,598 60
650,389 04
Exhibit of Policies (Canadian Business).
In force at beginning of year
Whole life policies .
Endowments
Term and other
Bonus additions. . .
New policies issued
Whole life...,
Endowments .
Interim bonuses . . .
Policy transferred.
Deduct terminated
In force at end of year :-^
No.
212 $
19
2
Amount. No.
489,544 44
30,670 06
1,973 33
85,718 67
4 $ 47,333 33
2 3,000 00
240
3
Whole life 214$
Endowments 21
Term and other ... 2
Bonus additions
530,689 91
33,670 06
1,973 33
84,055 74
Amount.
233 $ 607,906 50
50,333 33
148 19
1,460 00
659,848 02
9,458 98
237 I 650,389 04
details of policies which have ceased to be in force.
No.
Terminated by death . . . .
It surrender
Amount.
5,598 60
3,860 38
Total
3 I
9,458 98
LIFE INSURANCE COMPANIES
SESSIONAL PAPER No. 8
COMMERCIAL UNION— Con^itmed
173
General Business Statement for the Year ending December 31, 1902.
LIFE REVENUE ACCOUNT.
Amount of funds at the beginning
of the year —
Life assurance fund 2,445,320
Less transferred to leasehold re-
demption and sinking fund
account 1,443
s. d.
9 11
17 1
Investment reserve fund.
£^,443,876
21,067
New premiums £ 41,823 16 6
Renewal premiums. . 251,347 7 2
£2,464,944
£293,171 3 8
Deduct reassurances. 52,137 6 6
Consideration for an-
nuities £ 3,550 18 10
Deduct reassurances. 636 0 0
241,033 17 2
Claims under policies (including
bonus additions), after deduction
of sums reassured
Endowment assurances matured . . .
Surrenders
Annuities
- Reduction of premiums by bonus. .
12 10 Commission
18 4 Expenses of management
Cash bonuses to policy-holders. . . ,
11 2 Amount written off on quinquennial
reval'iation of securities
Amount of funds at
the end of year —
Life assurance
fund £2,592,271 11 10
Investment re-
serve fund ,
10,836 13 8
Interest and dividends
Fines
Registration fees
2,914
100,274
220
75
18 10
3 6
2 6
3 6
132,731 8 10
25, .347 12 7
8,893 17 10
5,276 10 3
426 12 6
11,207 11 3
21,679 1 5
457 15 0
334 1 6
2,603.108
£2,809,462 16
£2,809,462 16
balance sheet op the life department.
Liabilities.
Assurance fund ...
Life investment reserve fund
Claims outstanding
Reassurance premiums due but not
paid
Commission due but not paid
Annuities n h
Suspense account
Interest received in advance of due
dates
Assets.
£ s. d. £ s. d.
2,592,271 11 10 Mortgages on property within the
10,836 13 8 United Kingdom 910,438 10 1
32,134 4 7 Mortgages on property out of the
United Kingdom.. .._ 251,618 3 3
15,465 9 B Mortgages on rates raised under
1,469 5 2 Acts of Parliament ..., 138,832 5 6
210 2 2 Loans upon life interests and rever-
2,873 17 11 sions 283,464 1 8
Loans upon personal security 30,393 6 10
2,318 15 6 Loans on the company's policies . . . 73,519 0 9
Reversions purchased 78,394 17 6
Investments —
Indian and colonial government
securities •••;•. ;t3,328 0 3
Foreign government securities. . , 33,658 0 0
United States railway bonds 212,683 14 10
Railway and other debentures and
debenture stocks 342,945 5 3
Railway and other preference
.stocks and shares 93,794 11 4
Freehold ground rents 13,400 0 0
Life policy purchased 1,957 9 4
i Branch and agency balances 51,625 4 10
Outstanding premiums 16,804 7 10
.. mterest 6,388 18 4
Cash—
On dei)osit with the
general fun^' of
the company £12,942 19 11
With bankers and in
hand 10,373 7 3
Bills receivable
£2,657,580 0 6
23,316 7 2
1,017 15 9
£2,657,580 0 6
174 DEPARTMENT OF FINANCE— INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
THE CONFEDERATION LIFE ASSOCIATION.
Statement for the Year ending December 31, 1902.
President — William H. Beatty,
Managing Director and Chief Agent —
J. K. Macdonald.
Head Office — Toronto.
(Incorporated April 14, 1871, by 34 Vic, cap. 54 ; amended in 1874 by 37 Vic, cap.
88, and in 1879 by 42 Vic, cap. 72, and in 1890 by 56 Vic, cap. 45.
Commenced business in Canada, October 3, 1871.)
capital.
Amount of capital authorized and subscribed for $ 1,000,000 00
Amount paid up in cash 100,000 00
(For List of Stockholders, see Apj^etidix.)
ASSETS AS PER LEDGER ACCOUNTS.
Value in account of real estate held by the company (including com-
pany's buildings in Toronto and Winnipeg) $ 1,478,662 10
Amount secured by way of loans on real estate by bond or mortgage,
firstliens 3,585,650 96
Amount of loans secured by bonds, stocks or other marketable
collaterals 91,059 15
Ontario Bank
Imperial Bank
London and Canadian Loan Co
Ontario Industrial Loan Co
Ontario Industrial Loan Co.
Ontario Industrial Loan Co
Royal Loan Co
Canada Permanent and Western Canada L.
and S. Co ...
London and Canadian Loan Co
Manufacturers' Life Insurance Co
Ontario Bank
Sun Life Assurance Co
Dominion Bank
Imperial Bank ;
Total ......$ 79,320 67 $ 121,491 00 $ 91,059 15
Amount of loans as above on which interest has been overdue for one
year or more previeus to statement $49,656.12
Amount of loans made in cash to policy-holders on the company's poli-
cies assigned as collaterals 982,933 29
Par value. Market value.
Amount
of loan.
$ 2.3,7«if) 67 $ 31,847 00 $
18,204 93
4,200 00
9,954 00
6,456 59
800 00
800 00
426 85
2,200 00
990 00
960 90
6,300 00
2,835 00
2,2,59 28
5,700 00
2,565 00
2,489 59
4,050 00
4,050 001
3,360 00
4,032 00
3,950 00
3,9.50 00 J-
10,261 01
1,200 00
1,200 00
200 00
268 00
600 00
2,400 OOj
19,000 00
4,000 00
47,120 00 \
9,480 00/
50,000 00
LIFE INSURANCE COMPANIES I75
SESSIONAL PAPER No. 8
CONFEDERATION lAFIl— Continued.
Bonds and debentures owned by the company : —
Par Value. Cost. Market Value.
City-
Winnipeg, Man 8 75,000 00 $ 72,944 00 8 69,000 00
Kingston, Ont . 19,421 86 21,706 90 21,118 00
St. John, N.B 41,500 00 42,19142 44,150 00
Vancouver, B.C 50,000 00 51,912 13 55,853 00
New Westminster, B.C 224,000 00 224,000 00 237,636 00
Charlottetown, P.E.I 9,500 00 9,830 98 9,916 00
St. Hyacinthe, P.Q 3,000 00 3,096 90 3,126 00
Stratford, Ont 5,000 00 5,449 35 5,566 00
Regina, Assa 10,000 00 10,010 00 10,460 00
St. Henri, P.Q 116,000 00 121,174 00 124,059 00
Chatham, Ont 39,679 98 39,722 63 40,180 00
Fredericton, N.B 9,471 37 9,471 37 9,472 00
London, Ont 120,000 00 118,879 00 120,000 00
London West, Ont , 5,000 00 5,210 69 5,315 00
Quebec Harbour Commissioners. . . . 100,000 00 101,380 00 102,070 00
$ 827,573 21 $ 836,979 37 $ 857,921 00
Toivn —
Carberry, Man $ 2,498 55 $ 2,528 55 $ 2,498 00
Truro, N.S 4^30 00 4,665 00 4,500 00
Amherst, N.S 9,000 00 9,386 00 9,180 OO
Berlin, Ont 93,978 90 94,790 90 93,979 00
New Glasgow, N.S 37,000 00 37,080 00 38,918 00
Ridgetown, Ont 800 00 800 00 816 00
Orillia, Ont 3,855 00 3,909 00 3,966 00
Port Arthur, Ont 15,000 00 15,696 59 16,347 00
Portage la Prairie, Man 61,500 00 58,624 50 61,500 00
Neepawa, Man 20,000 00 19,762 04 21,732 00
Stellarton, N.S 2,000 00 2,000 00 2,078 00
Dartmouth, N.S 4,000 00 4,048 00 4,170 00
Lunenburg, N.S 1,000 00 1,000 00 1,070 00
Sydney, C.B 9,000 00 9,060 00 9,295 00
Toronto Junction, Ont 48,750 00 48,557 94 43,875 00
Simcoe, Ont 4,492 91 4,725 41 4,493 00
Campbellton, N.B 20,000 00 20,000 00 20,000 00
North Sydney, C.B 60,000 00 60,990 71 61,968 00
Chatham, N.B 10,000 00 10,1.50 00 10,236 00
Parrsboro, N.S , 25,000 00 25,500 00 25,493 00
Niagara Falls, Ont 19,433 21 23,443 06 22,192 00
Cookshire, Que 5,666 02 5,801 02 5,666 00
Arnprior, Ont 7,288 02 7,391 50 7,288 00
Windsor, N.S 18,000 00 18,734 54 18,308 00
Moncton, N.B 7.000 00 7,272 00 7,000 00
Summerside, P.E.I 2,500 00 2,570 00 2,570 00
Woodstock, N.B 3,000 00 3,190 00 3,195 00
Annapolis Royal, N.S 10,000 00 10,143 00 10,113 00
Pictou, N.S 62,000 00 62,000 00 62,000 00
Sarnia, Ont 9,039 26 9,039 26 9,039 00
Midland, Ont 3,810 19 4,285 19 4,24100
Petrolea, Ont 16,200 07 16,848 07 16,782 00
Bundas, Ont 3,679 45 3,693 79 3,600 00
Iroquois 19,272 53 19,272 53 19,272 00
Brockville, Ont 21,955 37 21,955 37 21,955 00
Sydney Mines, N.S 11,500 00 12,055 60 12,055 00
$ 652,719 48 S 660,869 57 % 661,390 00
Count V—
Lambton.. ; $ 11,756 15 $ 11,878 15 $ 11,820 00
Village —
Aurora, Ont ^
Markham, Ont
Kincardine, Ont
Wawanesa, Man
Souris, Man
V irden, Man
Cliambly Canton, Que
Chambly Basin, Que
Drunnnondville, Que
Milltown, N.B
12,842 95 $
12,839 95 $
14,440 00
1,422 69
1,422 69 ^
1,494 00
3,500 00
3,500 00
3,737 00
3,440 00
3,440 00
3,440 00
7.105 00
7.105 00
7,496 00
3,6.53 93
3,709 98
4,029 00
8,780 67
8,780 67
9,100 00
8,780 67
8,780 67
9,100 00
16,767 95
16,767 95
17,300 00
30,000 00
30,000 00
30,408 00
176 DEPA R TMENT OF FIN A NO E— lis S URA NGE BRA NCH
2-3 EDWARD VII., A. 1903
CONFEDERATION JAYl^— Continued.
Bonds and debentures owned by the company : —
Par value. Cost. Market value.
Village —
Richmond Hill, Ont $ 2,730 98 % 2,730 98 $ 2,875 00
Brussels, Ont 22,200 00 23,134 00 22,850 00
Cowansville, Ont 20,000 00 2,1,361 15 21,014 00
Oil Springs, Ont 2,814 04 3,024 04 3,125 00
Milton, Ont 9,314 93 9,314 93 9,315 00
Rounthwaite, Man 1,005 00 1,035 00 1,038 00
Port Dalhousie, Ont 6,054 49 6,054 49 6,055 00
Windsor Mills, Que 39,467 82 39,467 82 39,467 00
Wolseley 4,250 00 4,346 00 4,250 00
Binscarth, Man . 2,850 00 3,066 00 3,182 Ou
Cape Breton, N.S 67,000 00 67,201 00 67,000 00
Chesley 12,442 80 12,442 80 12,442 00
Pincher Creek ... 5,000 00 5,093 00 5,093 00
Bridgeburg 31,429 44 31,429 44 31,429 00
$ 322,853 36 $ 326,047 56 $ 329,679 00
Toionship or School Districts, —
Rosedale, Man $ 100 00 $ 100 00 $ 100 00
Laiider, Man 1,380 00 ^,380 00 1,500 00
Estevan 900 00 900 00 988 00
Boissevain, Man 8,600 00 9,053 24 9,058 00
Sifton, Man 7,100 00 7,729 29 7,704 00
Moosejaw, Assa 4,599 98 4,571 84 4,600 00
Broadway, Man 2,400 00 2,458 32 2,525 00
South Cypress, Man 2,366 82 2,411 23 2J38 00
Oak River, Man •. 3,197 19 3,274 29 3,485 00
Oak Land, Man 2,600 00 2,084 05 2,750 00
Wallace, Man 2,600 00 2,693 60 2,725 00
Agassiz, B.C.... 5,000 00 5,000 00 5,474 00
Wapella, Assa 2,450 00 2,450 00 2,586 00
Griswold, Man 2,250 00 2,348 75 2,382 00
Napinka, Man 2,250 00 2,342 00 2,375 00
Crystal City, Man 5,000 00 5,050 00 5,000 00
Medicine Hat, Assa 4,400 00 4,456 00 4,400 00
$ 57,193 99 $ 58,902 61 $ 60,390 00
Sundry —
Commercial Cable Stock $ 60,000 00 $ 100,400 00 $ 102,000 00
Commercial Cable Bonds 25,000 00 25,641 60 25,000 00
Consumers Gas Co. Stock 13,700 00 29,720 50 29,045 00
Toronto Hotel Co 10,000 00 9,257 00 9,000 00
Bell Telephone Co 100,000 00 112,660 40 114,640 00
Toronto Electric Light Co 25,000 00 25,000 00 25,000 00
Calgary and Edmonton Land Co. . . 48,666 67 46,720 00 46,720 00
Canada Permanent and Western
Canada Loan Co 2,290 00 2,764 52 2,764 00
Mexican Government Bonds 21,250 00 19,438 45 19,438 00
Ontario Bank 3,500 00 4,593 75 4,593 00
% 309,406 67 ^ 376,196 22 $ 378,200 00
Recapitulation —
Cities $ 827,573 21 $ 836,979 37 $ 8.57,92100
Towns 652,719 48 660,869 57 661,390 00
Counties 11,756 15 11,878 15 11,820 00
Villages 322,853 36 326,047 56 329,679 00
Townships or School Districts 57,193 99 58,902 61 60,390 00
Sundry Stocks and Bonds 309,406 67 376,196 22 378,200 00
Total par, cos band market values.. $ 2,181,502 86 $ 2,270,873 48 % 2,299,400 00
Carried out at cost -value $ 2,270,873 48
Government 5 per cent stock, par value, and savings bank deposit. . . . 5,097 64
Cash at head office 6,51 2 56
LIFE INSURANCE COMPANIES VTJ
SESSIONAL PAPER No. 8
CONFEDERATION JAF^— Continued,
ASSETS — Continued.
Cash in banks : —
Canadian Bank of Commerce, Vancouver . % 7,243 76
Imperial Bank, Winnipeg 35,819 84
Bank of Nova Scotia, Halifax 8,356 05
Ontario Bank, Toronto ... 1,979 75
Canadian Bank of Commerce, Toronto 29,308 36
Imperial Bank, Toronto .... 29,479 50
,, Brandon — special 300 00
Bank of Nova Scotia, Jamaica 2,502 51
United States Banking Co., Mexico 880 62
% 115,870 39
Fire premiums 5,419 24
Advances to employees 2,261 49
Advances for travelling expenses 2,372 41
Current accounts 6,485 27
Total % 8,553,197 98
OTHER ASSETS.
Market value of stocks and bonds over cost value 28,526 52
Interest due % 29,013 56.
M accrued : 104,189 30
Total 133,802 86
Rents due, |5,503.65 ; accrued, $592.18 6,095 83
Net amount of uncollected and deferred premiums : on new business,
128,509.54 ; on renewals, |238,853.34 267,362 88
Total assets # $ 8,988,986 07
LIABILITIES
*Amount computed to cover the net present value of all policies in force.$ 8,019,207 00
Reserve for reversionary additions 143,424 00
Reserve for life annuities 156,858 00
Total % 8,319,489 00
Deduct value of policies reinsured in other companies 26,506 00
Total net reinsurance reserve % 8,292,983 00
Claims for death losses unadjusted but not resisted 17,610 33
Total outstanding claims for death losses 17,610 33
Annuity claims due and unpaid 1,340 00
Dividends or bonuses to policy-holders, due and unpaid 76,136 50
Amount of dividends to stockholders due and unpaid 7,500 00
Sundry 618 20
Due on account of general expenses 6,937 04
Total liabilities % 8,403,125 07
Surplus on policy-holders' account $ 585,861 00
Capital stock paid up , | 100,000 00
* Reserve at 4^ per cent interest on H*'. Mortality Table of Institute of Actuaries, G.B., for policies
issued prior to I^ecember 31, 1895, and at 3^ per cent tor policies issued during the years 1896 to 1899, in-
clusive, and for all annuities, and 3 per cent for policies issued in the years 1900 to 1902 inclusive. The
reserve, according to the Government standard, viz., H^^. Table \\ per cent interest, and 3^ per cent for
policies issued since December 31, 1900, is $8,127,710, and surplus on ix)licy-ht)lder's account, 1751,134.
8—12
178 DEPA R TMENT OF FIN A NCE-INS URA NCE BRA NCH
2-3 EDWARD VII., A. 1903
CONFEDERATION lAY^— Continued.
INCOME DURING THE YEAR.
Cash received for premiums $ 1,076, 101 77
Premiums paid by dividends 49,300 1 1
Cash received for annuities 19,370 50
Total (new, 1121,708.81; renewed, $1,023,063.57). $ 1,144,772 38
Deduct premiums paid to other companies for reinsurance 5,718 00
Net premium income % 1,139,054 38
Received for interest 328,802 90
Rents (net) 49,957 89
Total income $ 1,517,815 17
EXPENDITURE DURING THE YEAR.
Cash paid for death claims % 303,744 02
Payments on matured instalment policies 100 00
Total % 303,844 02
Deduct amount received from other companies for reinsured death claims 8.422 00
Net amount paid for death claims $ 295,422 02
Cash paid for matured endowm.ents % 198,897 00
Net amount paid for death claims and matured endowments. % 494,319 02
Cash paid to annuitants 1 7,045 78
Cash paid for surrendered policies 48,014 29
Cash dividends paid to policy-holders 24,484 13
Cash dividends applied in payment of premiums 49,300 1 1
Total paid policy-holders | 633,163 33
Cash paid to stockholders for interest or dividends 15,000 00
Commissions, salaries and other expenses of officials 191,465 78
Taxes, licenses, fees or fines , 10,464 79
Other expenditure, viz.: — Insurance superintendence,i492.58; solicitor's
fees, $3,008.08; postage, $4,202.40; agency expenses, $979.16;
medical expenses, $9,473.21 ; general expenses, $11,466.70; print-
ing and stationery, $6,221.28; advertising and advertising litera-
ture, $10,369.66; insurance literature, $693.20; commission on
loans, $1,564.75; office furniture, $3,018.32; rents, $15,477.55;
commission on mortgage interest, $277.86 67,244 75
Total expenditure $ 917,338 65
SYNOPSIS OF LEDGER ACCOUNTS.
Amount of net ledger assets December 31, 1901 $ 7,952,103 26
Amount of income, as above 1,517,815 17
Total $ 9,469,918 43
Amount of expenditure, as above 917,338 65
Balance, net ledger assets, December 31, 1902 $ 8,552,579 78
LIFE INSURANCE COMPANIES I79
SESSIONAL PAPER No. 8
CONFEDERATION lAY^E.— Continued.
MISCELLANEOUS.
Number of new policies reported during the year as taken 2,281
Amount of said policies ^ 3,339,995 00
Number of policies become claims during the year (including 137
matured endowments) 316
Amount of said claims (including matured endowments, $198,897) $ 493,315 00
Amount of above claims reinsured in other companies 8,422 00
Net amount carried out 484,893 00
Number of policies in force at date 23,822
Amount of said policies $34,370,185 00
Bonus additions 239,646 00
Total % 34,609,831 00
Amount of said policies reinsured in other companies (including $1,252
bonus additions) 150,363 00
Net amount of policies in force, December 31, 1902 34,459,468 00
Number of life annuities in force at December 31, 1902 76
Amount of annual payments thereunder | 18 690 82
EXHIBIT OF POLICIES.
Policies in force at Dec. 31, 1901 : —
No. Amount. No. Amount.
Whole life ix)licies 13,771 $ 20,221 ,284 00
Endowment assurances 8,210 11,337,387 00
Term and all other 822 1,.353,100 00
Bonus additions 23-1,314 00
New policies issued : —
Whole life ix)licies 1,382 $ 1,990,994 00
Endowment assurances 792 1,057,567 00
Term and all (.ther 152 333,000 00
Bonuses added during the year 18,934 00
22,803 $33,146,085 00
2,326 3,400,495 00
Total 25,129 $36,546,580 00
Deduct ix)licies which have ceased to be in force during 1902 1,307 1,936,749 00
Policies in force at Dec. 31, 1902 : —
Whole life policie* 14,393 $ 21,094,691 00
Endowment assurances... . ... 8,551 11,793,394 00
Term and all other 878 1,482, 100 00
Bonus additions 239,646 00
23,822 $34,609,aSl 00
i
Details of policies terminated : —
No. Amount.
1. By death (including bonus addition!*, $(5,800) K9 $ 294,418 00
2. By maturity (incluiing bonus additions, $4,757) 137 198,897 00
3. By expiry 110 180,600 00
4. By surrender (including kmus additions, $1,819) 165 233,238 00
5. By lapse (including bonus additions, $226) 444 591,906 < 0
6. By change and decrease 3 99,265 00
7. By not being taken 269 338,425 00
Total terminated (including Ixjnus additions, $13,602). 1.307 $1,936,749 00
8-12i
180 DEPARTMENT OF FINANCE— INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
CONFEDERATION JAYl^— Continued.
Details of Policies Reinsured.
No. Amount.
Whole life 14 .$ 08,811 00
Endowment 3 17,300 00
Term and all other 13 63,(J00 00
Bonus additions 1,252 00
30 $ 150,363 00
Business done Outside of Canada.
(Included in above Statement.)
ASSETS.
Amount of loans made to policy-holders on the company's policies
assigned as collaterals . . f 10,256 92
Net amount of outstanding premiums : on new business, $103.77 ; on
renewals, |2,592 .77 2,696 54
Total assets outside of Canada $ 12,953 46
liabilities.
Net reinsurance reserve | 78,895 00
Total liabilities outside of Canada
premium income outside of CANADA.
Total cash received for premiums
Premiums paid by dividends
Total premium income
PAYMENTS TO POLICY-HOLDERS OUTSIDE OF CANADA.
Cash paid for death losses
Cash paid for surrendered policies
Cash dividends paid to poUcy-holders
Cash dividends applied in payment of premiums
Total paid policy-holders ....
1
78,895 00
$
14,064 98
213 62
1
14,278 60
%
1,000 00
686 80
94 04
213 62
•1
1,994 46
MISCELLANEOUS.
Number of new policies reported during the year as taken 53
Amount of said policies $ 103,392 00
Number of policies become clain^s during the year 1
Amount of said claim 1,000 00
Number of policies in force in other countries at date 268
Amount of said policies % 357,740 00
Bonus additions 354 00
Net amount in force in other countries at December 31, 1902 358, ICO 00
LIFE INSURANCE COMPANIES 181
SESSIONAL PAPER No. 8
CONFEDERATION JAF^— Concluded.
EXHIBIT OF POLICIES (OUTSIDE OF CANADA).
Policies in force at beginning of year : —
No. Amount. No. Amount.
Whole life policies 61 $ 86,950 00
Endowment assurances ... 163 177,463 00
Bonus additions . . 555 00
224 $ 264,968 00
Policies issued during the year :-
Whole life; 30 |; 56,894 00
Endowment assurances 23 38,289 00
All other policies 2 11,000 00
Bonuses added during the year 59 00
55 106,242 00
Total 279 $371,210 00
Deduct policies terminated during the year 11 13,110 00
Policies in force at Dec. 31, 1902, viz.: —
Whole life policies 87 % 139,844 00
Endowment assurances 179 206,902 00
All other policies 2 11,000 00
Bonus additions 354 00
268 $ 358,100 00
Details of 2^olicie8 zvhich have ceased to be in force outside of Canada.
No. Amount.
Policies terminated by death 1 $ 1,000 00
maturity(includingbonus additions, $260) 1 2,260 00
transfer 1 1,000 00
surrender 4 4,000 00
lapse 1 1,000 00
. not being taken 3 3,850 00
Total terminated 11 $ 13,110 00
182 DEPARTMENT OF FINANCE— INSURANCE BRANCH
2-3 EDWARD VI!., A. 1903
CONNECirCUT MUTUAL LIFE INSURANCE COMPANY.
Statement for the Year ending December 31, 1902.
President — Jacob L. Greene. | Secretary — Herbert H. White.
Principal Office — Hartford, Conn., U.S.A.
Chief Agent in C<xn«c?a— Frederick W. Evans. Head Office in Canada — Montreal.
(Incorporated, June 15, 1846 ; commenced business, December 15, 1846 ;
licensed in Canada, August 1, 1868.)
(No capital.)
ASSETS IN CANADA.
Stocks and bonds on deposit with Receiver Genera] : —
Par value.
City of Montreal stock $100,000 00
Province of Quebec bonds 11,500 00
Carried out at par value $ 1 1 1,500 00
LIABILITIES IN CANADA.
■^Amount computed to cover the net reserve on all outstanding policies
in Canada • ] $ 773,653 00
Total liabilities in Canada $ 773,653 00
INCOME IN CANADA.
Amount of premiums received in cash during the year on life policies in
Canada $ 14,235 65
Premiums paid by dividends 1 1,930 89
Total premium income $ 26,166 54
Amount received for interest or dividends on stock, «fcc 4,750 00
Total income in Canada $ 30,916 54
EXPENDITURE IN CANADA.
Amount paid during the year on claims in Canada : —
On account of death claims .$ 50,508 00
On account of matured endowments , 5,552 00
Net amount paid on accouat of claims $ 56,060 00
Cash paid for surrendered policies 6,125 00
Cash dividends paid to Canadian policy-holders 11,930 89
Total net amount paid to policy-holders I 74,115 89
Cash paid for commissions, salaries and other expenses of officials in
Canada 178 86
Total expenditure in Canada $ 74,294 75
*Combined Experience Table with 4 per cent interest.
LIFE INSURANCE COMPANIES I33
SESSIONAL PAPER No. 8
CONNECTICUT MUTUAL 1A¥^— Continued.
MISCELLANEOUS.
Number of policies become claims in Canada during the year 45
Amount of said claims ^ 5g o^o q^
Number of policies in force in Canada at date = 894
Amount of said policies 1,453,602 00
EXHIBIT OF POLICIES (CANADIAN BUSINESS).
No. Amount.
Policies in force at beginning of year 569 $ 1,160,173
Policies changed and increased by correction 393 365,716
Total 962 $ 1,525,889
Deduct terminated 68 72,287
In force at end of year 894 $ 1,453,602
DETAILS OF TERMINATIONS.
Terminated by death . .
.1 maturity.
II expiry . . ,
No.
Amount.
39
$
50,508
6
5,552
23
16,227
Total 68 I 72,287
General Business Statement for the Year ending December 31, 1902.
income during the year.
Total premium income * $ 5,271,681 42
Cash received for interest , 2,425,151 10
Cash received for rents 462,484 18
Discount on claims paid in advance 2,257 80
Premium notes, loans or liens restored by revival of policies 86 00
Total income ._$ 8,161,660 50
DISBURSEMENTS DURING THE YEAR.
Total amount paid for death losses and matured endowments % 4,371,610 00
Paid to annuitants 5,718 44
Surrender values'paid in cash 409,030 57
Premium notes, voided by lapse 395 00
Surrender values applied to pay running premiums 17,016 72
M II purchase paid-up insurance and annuities . . 74,193 42
Dividends paid policy-holders in cash 228,974 84
It applied to pay renewal premiums 1,085,875 27
Commission and bonuses to agents 409,167 92
Cash paid for salaries and allowances for agencies 17,041 63
II agency supervision, travelling and all other agency ex-
penses 18,945 33
II medical examiners' fees 24,037 11
Salaries of officers and office employees 166,617 55
Insurance, taxes, licenses and insurance department fees 394,522 89
Rent 8,008 82
All other payments and expenditures 397,296 59
Total disbursements $ 7,628,452 10
184 DEPARTMENT OF FINANCE-INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
CONNECTICUT MUTUAL JAY^E.— Concluded.
LEDGER ASSETS.
Book value of real estate unencumbered . $ 11,932,836 80
Mortgage loans on real estate, first liens 24,256,739 50
Loans secured by bonds, stocks or other collaterals 2,300 00
Premium notes on policies in force 641,884 78
Book value of bonds and stocks owned 25,740,745 94
Cash on hand and deposited in banks 598,252 71
Bills receivable and agents' balances 10,031 59
Total ledger assets $ 63,182,791 32
NON-LEDGER ASSETS.
Interest due and accrued 895,018 35
Rents due and accrued 1 1,558 38
Market value of bonds or stocks over book value 1,202,252 ^^
Net amount of uncollected and deferred premiums 353,015 80
Gross assets ... . % 65,644,636 71
Deduct items not admitted 10,031 59
Total admitted assets 8 65,634,605 12
LIABILITIES.
*Net reinsurance reserve • . - $ 57,576,391 00
Liability on policies cancelled, upon which a surrender value may be
demanded 155,640 00
Net policy claims 278,582 80
Dividends or profits due policy-holders remaining unpaid 1,223,257 08
Premiums paid in advance 20,741 81
Total liabilities I 59,254,612 69
Gross divisible surplus $ 6,379,992 43
EXHIBIT OF POLICIES.
Number of new policies issued during the year 4,099
Amount of said policies $ 10,794,594 00
Number of policies terminated during the year 3,385
Amount of said policies 8,690,138 00
Number of policies in force at end of year 69,752
Amount of said policies .... 165,858,225 00
* Actuaries' and American Tables of Mortality, 4 and 3 per cent interest.
LIFE INSURANCE COMPANIES
185
SESSIONAL PAPER No. 8
THE CONTINENTAL LIFE INSURANCE COMPANY.
Statement for the Year ending December 31, 1902.
President — Hon. Jno. Dryden, M.P.P.
Secretary — Charles H. Fuller,
Chief Agent — Geo. B. Woods.
Principal Office — Toronto.
(Incorporated by letters patent, bearing date October 26, 1899 ; commenced business in
Ontario, November 1, 1899 ; Dominion license issued, December 31, 1901.)
CAPITAL.
Amount of joint stock or guarantee capital authorized % 1,500,000 00
Amount subscribed for 900,000 00
Amount paid up in cash 139,425 10
(For List of Shareholders, see Appendix.)
ASSETS.
Amount secured by way of loans on real estate, by bond or mortgage,
first liens ,
Amount of loans as above on which interest has been overdue for one
year or more previous to statement $375 00
Amount of loans made to policy-holders on the company's policies as-
signed as collaterals , .,
Bonds owned by the company, viz. : —
Par value. Ledger value. Market value
City of Winnipeg bonds $ 27,000 00 $ 27,000 00 $ 27,354 70
Town of Cobourg bonds 10,000 00 10,16(5 25 10,164 00
Town of Truro, N.S., bonds. . , 10,000 00 10,171 20 10,000 00
County of Carleton, N . B . , bonds 8,000 00 8,103 79 8,097 70
Total in deposit wit'i Receiver
General $ 55,000 00 $ 55,441 24 $ 55,616 40
Atlas Loan Co. bonds 27,600 00 27,600 00 27,600 00
City of Nelson, B.C., bonds 1,000 00 1,057 48 1,028 40
Sao Paulo Tramway Light and Power
Co. bonds 22,000 00 19,461 10 19,800 00
Canadian Northern Railway land grant
bonds 10,000 00 9,803 84 9,900 00
Town of Oshawa, Ont., bonds 1,199 00 1,204 74 1,210 63
Toronto Electric Light Co. bonds 10,000 00 10,000 00 10,000 00
Total par, ledger and market values. .$ 120,799 00 $ 124,568 40 $ 125,155 43
Carried out at ledger value
Cash at head office
Cash in banks, viz. : —
Union Bank, Winnipeg $ 2,279 48
Ontario Bank, Toronto 23,044 75
Atlas Loan Co., St. Thomas, account . . 5,116 75
♦
Bills receivable
Total
I 28,287 21
93 04
124,568 40
3,091 53
30,440 98
17 45
$ 186,498 61
186 DEPA R TMENT OF FIN A NGE— INS URA NGE BRA NCH
2-3 EDWARD VII., A. 1903
CONTINENTAL lAY^E.— Continued.
OTHER ASSETS.
Agents' advances % 1,972 49
Market value of bonds and debentures over ledger value 587 03
Interest due, $57.82 ; accrued, $1,620.10 1,677 92
Net amount of outstanding and deferred premiums on new business,
$8,453.20 ; on renewals, $9,740.45 18,193 65
Premium upon capital stock due and unpaid 7,515 41
Office furniture 1,839 43
Total assets $ 218,284 54
LIABILITIES.
Amount computed to cover the net present v^alue of all ixjlicies in force. . .% 131,816 71
Deduct value of policies reinsured in other companies 2,985 %
■^Net reinsurance reserve $ 128,830 75
Surrender values claimable on cancelled policies, reserves upon which
are not included above 71 87
Due on account of general expenses : 3,951 93
Premiums paid in advance 208 10
Total liabilities $ 133,062 65
Surplus on policy-holders' account $ 85,221 89
Capital stock paid up _$ 139,425 10
INCOME.
Cash received for premiums $ 80,841 47
Deduct premiums paid for reinsurance 2,fi33 34
Total net premium income (new, $33,118.63 ; renewal, $45,089.50). . . $ 78,208 13
Amount received for interest, tfec 5,435 87
Premium upon capital stock 18,477 77
$ 102,121 77
Received for calls on capital ^ . . . 62,491 52
Total income $ 164,613 29
EXPENDITURE.
Net amount paid for death claims ($1,850 of which accrued in previous
years) $ 7,329 02
Net amount paid for surrendered policies 194 24
Total paid to policy-holders $ 7,523 26
Cash paid for commission, salaries and other expenses of officials 44,45933
Cash paid for taxes, licenses, fees or fines 1,? 52 74
All other expenditure, viz.: —
Law costs, $845.96; medical examiners' fees, $4,512.95; light,
$24.86; interest, discount and exchange, $222.10; rents,
$875.25 ; printing, stationery and advertising, $3,457.89 ;
postage, telegrams and express, $666.13; balance paid re
Farmers and Traders, $58 ; office furniture and fixtures,
$1,839.43 ; sundries, $442.02 12,944 59
Total expenditure $ 66,079 92
*Compu ted according to the Institute of Actuaries' H^- Table of Mortality, vvith interest at 4^ per
cent for ix)licie8 issued on or before December 31, 1899 ; and with interest at 3^ per cent for policies issued
subsequent to that date.
LIFE INS URA NGE COM PA NIES 187
SESSIONAL PAPER No. 8
CONTINENTAL lA¥^~Conduded.
SYNOPSIS OF LEDGER ACCOUNTS.
Amount of net ledger assets at December 31, 1901 % 87,965 24
Amount of cash income as above 164,613 29
Total I 252,578 53
Amount of expenditure as above 66,079 92
Balance, net ledger assets at December 31, 1902 | 186,498 61
MISCELLANEOUS.
Number of new policies reported during the year as taken 984
Amount of said policies | 1,170,128 00
Amount of said policies reinsured in other licensed companies in Canada 60,000 00
Number of policies become claims during the year 4
Amount of said claims 5,479 02
Number of policies in force at date ....... 2,369
Amount of said policies $ 2,704,467 00
Amount of said policies reinsured in other licensed companies 112,000 00
Net amount in force December 31, 1902 2,592,467 00
EXHIBIT OF POLICIES.
In force at beginning of year —
No. Amount. No. Amount.
Whole life policies . . 1,524 % 1,668,991
Endowments 201 235,705
Term and all other 137 192,550
New policies issued —
Whole life 680 $ 756,628
Endowments 265 322.583
Term and all other 55 102,500
-1,862 12,097,246
1,000 1,181,711
Old policies revived 27 33,175
Old policies changed and increased 4 7,500
2,893 3,319,632
Deduct terminated 524 615,165
In force at end of year —
Whole life 1,802 $ 1,957,629
Endowments 414 504,788
Term and all other 153 242,050
2,369 $2,704,467
DETAILS OF POLICIES WHICH HAVE CEASED TO BE IN FORCE.
No. Amount.
Policies terminated by death 4 $ 5,479 02
M terminated by surrender 9 9,000 00
.1 terminated by lapse 500 577,665 00
.1 derreased , . 4 13,020 98
.. not taken 7 10,000 00
Total 524 $ 615,165 00
DETAILS OF POLICIES REINSURED.
No. Amount.
Whole life 3 -S 13,000 00
Endowments 11 35,000 00
Term and all other . . 30 64,000 00
Total 44 112,000 00
188 DEPARTMENT OF FINANCE— INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
THE CROWN LIFE INSURANCE COMPANY.
Statement for the Year ending December 31, 1902.
President — Sir Charles Tupper.
Managing Director and Chief Agent —
George H. Roberts.
Secretary — Arthur J. Hughes.
Head Office — Toronto.
(Incorporated, June 14, 1900, by Act 63-64 Victoria, chapter 97. Commenced
business, September 10, 1901.)
CAPITAL.
Amount of joint stock capital authorized I 1,000,000 00
Amount subscribed for 388,200 00
Amount paid up in cash 91,750 00
(For List of Shareholders, see Appendix.)
ASSETS AS PER LEDGER ACCOUNTS.
Securities in deposit with the Receiver General, viz.: —
Par value. Book value.
Canada Permanent and Western Canada Mortgage
Company's bonds $ 25,000 00 % 25,000 00
Central Canada Loan and Savings Company's bonds. 30,000 00 30,000 00
$ 55,000 00 $ 55,000 00
Carried out at book value $ 55,000 00
Cash at head office 630 60
Cash in banks, viz. : —
Sovereign Bank, Toronto $ 9,115 60
Molsons Bank, Montreal 80 88
Union Bank, Toronto , - 2,304 80
Bank of Commerce, loron to 620 30
Bank of Nova Scotia, Toronto. . . , 752 51)
Merchants Bank, Charlottetown, P.E.I 2,424 11
15,298 28
Agents' advances , 7,610 77
Agents' ledger balances 1,925 05
Total I 80,464 70
OTHER ASSETS.
Office furniture 1,642 78
Net amount of outstanding and deferred premiums on new business,
114,353.63; on renewals, $1,808.69 16,162 32
Total assets I 98,269 80
LIFE INS URA NGE COM PA XI ES 189
SESSIONAL PAPER No. 8
CROWN LlFE~Co7itinued.
LIABILITIES.
Amount computed to cover the net present value of all policies in force. . . . $41,613 00
Deduct amount of policies reinsured in other companies 558 00
■^Net reinsurance reserve $ 41,055 00
Due on account of general expenses (medical fees) 114 00
Premiums paid in suspense 247 50
Total liabilities $ 41,416 50
Surplus on policy-holders' account $ 56,853 30
Capital paid up $ 91,750 00
INCOME.
Cash received for premiums (new, $31,978.99 ; renewal, $6,720.65) $ 38,699 64
Deduct premiums paid to other companies for reinsurance 424 45
Net cash received for premiums ., $ 38,275 19
Amount received for interest or dividends 2,376 14
Premium on capital stock , 4,025 00
Total ? I 44,676 33
Received for calls on capital 16,100 00
Total income '. $ 60,776 33
EXPENDITURE.
Cash paid for death losses $ 2,000 00
Commissions, salaries and other expenses of officials 36,584 11
Taxes, licenses, fees or fines , 1,897 83
All other expenditure, viz.: — Advertising, $1,863.45 ; advertising
literature, $1,854.15; exchange, |48.04 ; medical fees, $3,105;
office supplies, $1,124.04 ; postage, telegrams and express, $816.99 ;
sundry expenses, $535.34 ; directors, $1,485 ; insurance publica-
tions, $41.54; commission on stock, $489.30; legal expenses,
$249.62 ; rent, $3,281.02 ; office furniture, $788.08 1.5,681 57
Total expenditure $ 56,163 51
SYNOPSIS OF LEDGER ACCOUNTS.
Amount of net ledger assets at December 31, 1901 $ 75,851 88
Amount of income as above 60,776 33
Total $ 136,628 21
Amount of expenditure as above 56,163 51
Balance, net ledger assets at December 31, 1902 $ 80,464 70
* Based on the H*'- Mortality Table of the Institute of Actuaries with 3^ per cent interest.
190 DEPARTMENT OF FINANCE-INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
CROWN lAY'E.— Concluded.
MISCELLANEOUS.
Number of new policies reported during the year as taken 803
Amount of said policies $ 1,156,000 00
Number of policies become claims during the year 2
Amount of said claims 2,000 00
Number of policies in force at date 837
Amount of said policies $1,280,000 00
Amount of said policies reinsured in other licensed companies in Canada. 17,500 00
Net amount in force at December 31, 1902 1,262,500 00
EXHIBIT OF POLICIES.
Policies in force at December 31, 1901—
Whole life policies
Endowment assurances
No.
82
43
$
Amount.
121,500
100,000
No.
125
924
4
1
S
Amount.
221,500
New policies issued—
Whole life policies
652
$
911,000
370,000
10,866
Endowment assurances
All other policies . .
266
...... 6
1,291,866
7,000
3,000
Old policies revived
Old policies changed and increased
•*
Total.. .
1,054
217
1,523,366
243,366
Deduct policies which have ceased to be in force. .... . .
... . 579
253
5
$
859,634
410,.500
9,866
Policies in force at December 31, 1902—
Whole life
Endowment assurances
837
1,280,000
DETAILS OF POLICIES TERMINATED DURING THE YEAR 1902.
No. Amount.
1. By death 2 $ 2,000 00
2. By lapse 71 74,000 00
3. By change and decrease . . - 1 1,000 00
4. By not being taken 143 166,.366 00
Total terminated 217 $243,366 00
POLICIES REINSURED.
Whole life 3 $ 12,500 00
Endowment 1 5,000 00
4 $ 17,500 00
LIFE INSURANCE COMPANIES 191
SESSIONAL PAPER No. 8
THE DOMINION LIFE ASSURANCE COMPANY.
Statement for the Year ending December 31, 1902.
Preside7it — James Innes. Managing Director and Chief Agent —
Thomas Hilliard.
F7'i7icipal Office — Waterloo, Ont.
(Incorporated, March 20, 1889; organized, July 4, 1889. Commenced business in
Canada, July 12, 1889.)
CAPITAL.
Amount of joint stock capital authorized $ 1,000,000 00
Amount subscribed for 400,000 00
Amount paid up in cash 100,000 00
(For List of Stockholders, see Appendix.)
ASSETS AS PER LEDGER ACCOUNTS.
Amount secured by way of loans on real estate, by bond or mortgage,
first liens. . . .' $ 457,977 51
Amount of loans as above on which interest has been overdue for one year
or more previous to statement $ 6,332 00
Amount of loans made to policy-holders on the company's policies as-
signed as collaterals 22,262 75
Stocks and bonds owned by the company, viz.: — -
Par value. Market value.
Acton S 3,000 00 $ 3,064 00
Bracebridge 5,433 46 5,603 46
Brandon 9,000 00 9,791 00
Brantford 2,61100 2 71100
Flos 2, .500 00 2.637 25
Harriston 18,629 79 18,629 79
Lucan 7,000 00 7,097 00
Luther 650 89 650 89
Medonte 849 12 849 12
Parry Sound 5,931 97 5,931 97
New Hamburg , 2,705 85 2,807 98
Port Arthur 10,000 00 10,1.50 00
Rat Portage 3,808 00 3,868 00
Sault Ste. Marie 8,600 00 8,768 17
Seaforth 3,500 00 3,560 00
Stephen 2,2.50 00 2, .330 00
St. Catharines 10,220 00 10,220 00
Waterloo 4,623 23 4,623 23
Edmonton 10,000 00 11,344 00
Sudburv 9,601 .32 10,063 76
I'ort Arthur 5,000 00 .5,38100
Waterloo 4,910 85 4,910 85
Victoria 10,000 00 10, 00 00
Canadian Northern . ' . . , 10,000 00 9,750 00
Springbrook Irrigation Dio .5,000 OD 5,77100
Emo 1,300 08 1.300 OS
Emo 347 12 347 12
Sao Paulo 10,000 00 8,975 00
Waterloo 1,233 45 1,233 45
$ 16 S 706 13 $ 172.3(}9 12
Carried out at market value 172,369 12
Cash at head office 530 42
192 DEPARTMENT OF FINANCE-INSURANGE BRANCH
2-3 EDWARD VII., A. 1903
DOMINION lAFE.— Continued.
ASSETS — Continued.
Cash in banks, viz.: —
Molsons Bank — account current . . $ 2,974 71
Canadian Bank of Commerce 559 30
Total I 3,534 07
Agents' ledger balances and advances to agents 1,065 75
Office furniture 950 00
Fire insurance premiums advanced 19 05
Total I 658,708 67
OTHER ASSETS.
Interest due . $ 2,213 18
Interest accrued 14,305 73
Total carried out 16 518 91
Net amount of uncollected and deferred premiums : on new business,
13,969,92 ; on renewals, $26,319.10, . > 30,289 02
Total assets $ 705,516 60
LIABILITIES.
Amount computed to cover the net present value of all policies in force. $ 555,180 67
Reserve for reversionary additions and premium reductions 4,824 25
Reserve for life annuities 3,075 00
S 563,079 92
Deduct value of policies reinsured in other companies 3,420 41
* Net reinsurance reserve ,f 559,659 51
Present value of amounts not yet due on matured instalment policies. . 3,701 64
Death losses unadjusted, but not resisted 3,000 00
Due on account of general expenses 500 00
Premiums paid in advance 686 15
Total liabilities | 567,547 30
Surplus on policy-holders' account % 137,969 30
Capital stock paid up 100,000 00
INCOME DURING THE YEAR.
Cash received for premiums $ 144,061 82
Premiums paid by dividends 964 97
Total (new $24,343.25, renewal $120,683.54) | 145,026 79
Deduct premiums paid to other companies for reinsurance 2,467 6.5
Net premium income $ 142,559 16
Received for interest or dividends on stocks, &c , . 29,518 62
Valuation fee 3 00
Total income | 172,080 78
* Based on Institute of Actuaries' H^- Table, with 4 per cent interest for policies issued on or before
Dec. 31, 1899, and with 3^ l>er cent interest for iK)licies issued since that date.
LIFE INSURANCE COMPANIES
193
SESSIONAL PAPER No. 8
DOMINION lAY^— Continued.
EXPENDITURE DURING THE YEAR.
Cash paid for death claims (S3,200 of which accrued in 1901) % 27,450 00
Cash paid on matured instalment policies 300 00
Total amount paid for death claims.
Cash paid for matured endowments .
S 27,750 00
6,030 00
Total amount paid for death claims and matured endowments.
Cash paid to annuitants
Cash paid for surrendered policies
Cash dividends paid to policy-holders
Cash dividends applied in payment of premiums
Total paid to policy-holders
Cash paid to stockholders for interest or dividends
Cash paid for commissions, salaries and other expenses of officials
Taxes, licenses, fees or fines
Sundry expenditure, viz. :— Postage, $405.59 ; express, $28.30 ; travel-
ling expenses, $1,578.14; bank charges, $47.28; medical fees,
$1,821.02; advertising, $479.55; printing and stationery,
$893.75; legal expenses, $143.86; telegraph and telephones,
$63.99 ; rent, $350 ; commission on loans, $556 ; light, $32.85 ;
petty expenses, $106.03 ; written off office furniture, $45
Total expenditure $
33,780 00
469 48
492 63
106 53
964 97
35,813 61
7,000 00
36,055 45
1,739 45
6,551 36
87,159 87
SYNOPSIS OF LEDGER ACCOUNTS.
Amount of net ledger assets at Dec. 31, 1901
Amount of cash income as above
Total
Deduct expenditure as above
573,787 76
172,080 78
745,868 54
87,159 87
Balance, net ledger assets at Dec. 31, 1902 $ 658,708 67
MISCELLANEOUS.
Number of new policies reported during the year as taken in Canada. 514
Amount of said policies $
Amount of said policies reinsured in other licensed companies in Canada.
Number of policies become claims (including matured endowments)
during the year 23
Amount of said claims
Number of policies in force at date 3,541
Amount of said policies $ 4,889,878 00
Bonus additions thereon . 8,660 00
Total .
Amount of said policies reinsured in other licensed companies in
Canada
S 4,898,538 00
80,000 00
Net amount in force, December 31, 1902
Number of life annuities in force at date 3
Amount of annual payments thereunder
896,835 00
17,000 00
33,280 00
4,818,538 00
469 58
8—13
194 DEPARTMENT OF FINANCE— INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
DOMINION JAY'E.— Concluded.
EXHIBIT OF POLICIES.
Policies in force at December 31, 1901 : —
No. Amount. No. Amount.
Whole life policies 1,411 $ 2,171,741
ICndowment ix)licies 1,880 2,196,958
All other policies 12 44,.500
Bonus additions 8,425
New policies issued : —
Whole life policies 324 $ 644,500
Endowment policies 189 250,500
All other policies i 1,000
Bonuses added during the year 835
3,303 I 4,421,624 00
— 514 896,835 00
Old policies revived 7 10,000 00
Total 3,824 $ 5,328,459 00
Deduct policies which have ceased to be in force 283 429,921 00
Policies in force at December 31, 1902 : —
Whole life ix)licies 1,560 § 2,542,754
Endowment policies 1,968 2,315,624
All other policies 13 31,500
Bonuses additions 8,660
3,541 I 4,898,538 00
DETAILS OF POLICIES WHICH HAVE CEASED TO BE IN FORCE.
Tenninated by death (including bonus additions, $290). . . .
" maturity (including bonus additions, $240).
ti expiry (including bonus additions, $40). . .
?i surrender . . , . .
ti lapse (including bonus additions, $30) ....
No.
Amount.
18 $
5
33
8
}19
27,540
5,740
40,590
30,571
325,480
Total terminated (including bonus
additions, $600) 283 $ 429,921
LIFE INSURANCE COMPANIES 195
SESSIONAL PAPER No. 8
THE EDINBURGH LIFE ASSURANCE COMPANY.
Statement for the Year ending December 31, 1902.
President —
The Marquis of Breadalbane, K.G.
Manager —
Archibald Hewat, F.F.A, F.I.A.
Principal Office — Edinburgh, Scotland.
Chief Agent in Canada — James D. Higgins. | Hea/i Office in Canada — Toronto.
(Established, August 29, 1823. Commenced business in Canada, 1857.)
CAPITAL.
Amount of joint stock capital authorized and sub-
scribed for £500,000 stg. = $ 2,433,333 33
Amount paid up in cash 100,000 rr = 486,666 67
ASSETS IN CANADA.
Amount of loans made to Canadian policy-holders on the company's
policies assigned as collateral $ 17,539 48
Stocks and bonds in deposit with the Receiver General : —
Par value.
Cape of iyooa Hope 4 per cent inscribed stock $ 48,666 67
City of Belleville bonds 30,000 00
Town of Woodstock 42,000 00
Township of Somerville 1,000 00
Carried out at par value 121,666 67
Cash in Bank of British North America 1,260 16
Interest due '. 8 372 73
n accrued 342 78
Total carried out 715 51
Gross premiums due and uncoUectbd on Canadian policies in force $ 108 45
Deduct cost of collection at 7| per cent 8 13
Net outstanding premiums 100 32
Total assets in Canada % 141,282 14
LIABILITIES IN CANADA.
^Amount estimated to cover the net reserve on all outstanding policies
in Canada % 92,496 00
Claims for death losses, adjusted but not due, including bonuses,|5,614.43 15,347 77
Due on account of general expenses in Canada 31 43
Total liabilities in Canada | 107,875 20
*Ba3ed on the Institute of Actuaries' H^- Table with 4^ per cent interest.
8—131
196 DEPARTMENT OF FINANCE-INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
EDINBURGH J A¥l^— Continued.
INCOME IN CANADA.
Net cash received for premiums .$ 3,745 63
Interest on loans on policies 1,455 75
Total income in Canada $ 5,201 38
EXPENDITURE IN CANADA.
Net amount paid on account of death claims in Canada (including
bonuses, |3,035 .58) $ 14,472 25
Cash paid for surrendered bonuses 374 11
Total amount paid to policy-holders in Canada -S 14,846 36
Cash paid for commission, salaries, &c., in Canada 412 91
Cash paid for licenses, taxes, fees or fines in Canada . 12 06
Solicitors' fees t 61 22
Total expenditure in Canada .$ 15,332 55
MISCELLANEOUS.
Number of policies become claims in Canada during the year .... 6
Amount of said claims (including bonus additions, $8,650.02) •$ 29,820 02
Number of policies in force in Canada at date 71
Amount of said policies $120,478 47
Bonufe additions thereon 29,798 15
Net amount in force on December 31, 1902 150,276 62
EXHIBIT OF POLICIES (CANADIAN BUSINESS).
In force at hegimiin^ of year. No. Amount. No. Amount.
Whole-life policies 76 § 140,684 89
Endowments 1 973 34
Bonus additions 38,100 43
77 $ 179,758 66
Intrim bonuses added during the year 1,072 60
Total 77 S 180,831 26
Deduct terminated 6 30,554 65
In force at end of year.
Whole-life , * 70 $ li9,505 16
Endowments 1 973 34
Bonus additions , 29,798 11
71 S 150,276 61
DETAILS OF POLICIES WHICH HAVE CEASED TO BE IN FORCE.
No. Amount.
Terminated by death 6 $ 29,820 02
" surrender, bonus , 557 00
It change and decrease 177 63
Total 6 % 30,554 65
LIFE INSURANCE COMPANIES
197
SESSIONAL PAPER No. 8
EDINBURGH JAF"^— Concluded.
General Business Statement for the Year ending December 31, 1902.
REVENUE account.
Amount of funds at the beginning
of the year 3,769,375 12
Premiums (less reassurances) 290,140 6
Consideration for annuities granted 35.455 17
Interest, dividends and rents 145,983 10
Assignment and transfer fees 137 12
Profit on investments realized dur-
ing the year 2,852 9
£ s. d.
Claims under policies (less reassur-
ances) 238,412 8 0
Surrenders 18,103 17 9
Annuities (less reassurances) 43,560 17 7
Commission 12,115 4 6
Expenses of management (including
quinquennial valuation) 30,925 12 2
Dividends to shareholders 9,500 0 0
Income tax ... . 7,554 12 4
Amount written off for depreciation
of investments at quinquennial
valuation 35,000 0 0
Amount of funds at the end of the
year 3,848,772 17 0
£4,243,945 9 4
£4,243,945 9 4
BALANCE sheet.
Liahilities.
£ s. d.
Assurance and annuity fund 3,747,342 2 7
Paid-up capital 100,000 0 0
Proprietors' fund 1,430 14 5
Total funds, as per revenue
account £3,848,772 17 0
Claims admitted but not yet paid* 45,208 12 2
Other sums owing by the company —
Annuities due, not yet paid* .... 481 14 11
Commission and expenses of man-
agement not yet paid * 4,045 13 6
Sums deposited with the company
to meet interests, &c 2,821 7 5
Sums on temporary deposit 18,150 0 0
Assets.
£ s. d.
Mortgages on property in the
United Kingdom, viz.:—
Real property .... 815,955
Life interests and reversions . .
Rent charges and annual rents
Mortgages on property out of the
United Kingdom
Loans on the company's policies.
Loans on security of statutory
assessments
Loans on policies with personal
security . ,
Investments-
Municipal securities
Colonial and provincial govern-
ment securities
Railway and other debentures
and debenture stocks ....
Railway and other preference and
ordinary stocks ... ...
House property in Edinburgh,
London, Dublin, Glasgow,
Manchester, Liverpool and
Bristol (partly occupied as the
company's offices) 175,791 10 1
Comi)any's own shares (pur-
chased) 4,531
Ground rents and feu duties 77,664
Life interests (purchased) 1,297
Reversions (purchased) 25,390
Cash in bank on current account. 13,135
Policy stamps on hand 22
Agents' balances (since accounted
for) 43,590
Outstanding premiums 6, 180
Outstanding interest due and un-
paid at date 2,30119 6
Outstanding interest accrued but
not yet receivable . 34,902 13 3
815,955 2
270,069 4
98,082 14
7
7
8
£1,184,107 1 10
406,526 9 10
186,241 14 8
12,917 2 11
103 18 11
207,351 17 10
357,923 19
1
987,383 17
6
192,115 2
8
18
0
4
3
14
1
18
8
4
5
7
6
0
9
9
3
£3,919,480 5 0
£3,919,480 5 0
These items are included in the corresponding items in the Revenue Account.
198 DEPARTMENT OF FINANCE— INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
EQUITABLE LIFE ASSURANCE SOCIETY OF THE UNITED STATES.
Statement for the Year ending December 31, 1902.
President — James W. Alexander. | Secretary — William Alexander.
Principal Office — 120 Broadway, New York.
Chief Agent in Canada — Sergeant P. Stearns. Head Office in Canada — Montreal.
(Incorporated, July 26, 1859, Commenced business in Canada about Oct. 1868.)
CAPITAL.
Amount of capital authorized, subscribed for and paid up in cash .$ 100,000 00
ASSETS IN CANADA.
On deposit with Receiver General : —
Par value. Market value.
U. S. bonds, 4 per cent 5$ 475,000 00 $ 520,125 00
City of Toronto bonds, 4 per cent 292,000 00 308,790 00
M Montreal bonds i. 190,000 00 201,400 00
3^ „ 250,000 00 245,000 00
„ Montreal stock 243,333 33 260,366 00
Province of Quebec bonds 99,766 67 106,748 00
stock 58,400 00 53,728 00
City of Winnipeg debentures 140,225 00 144,432 00
„ St. Henri bonds 125,000 00 131,250 00
n Quebec bonds 35,500 00 36,920 00
Total par and market values % 1,909,225 00 $ 2.008,759 00
Carrie^ out at market value $ 2,008,759 00
Held by trustees in accordance with the Insurance Act : —
Par value. Market value.
Mercantile Trust stock $ 642,000 00 S 5,778,000 00
St. Paul, Minneapolis and Manitoba 4^ per cent stock. 500,000 00 551,250 00
Carried out at market value , 6,329,250 00
Loans made to policy-holders on the company's policies assigned as
collaterals ($299,972.04 belongs to policies issued since March 31,
1878) 318,381 04
Cash in banks in Canada, viz. : —
Merchants Bank, Montreal 70,372 47
Gross premiums due and uncollected on Canadian policies in force $ 79,625 56
Gross deferred premiums on same 41,795 1 1
Total outstanding and deferred premiums -S 121,420 67
Deduct cost of collection at 16.| per cent , 20,236 78
Net outstanding and deferred premiums (estimated) 101,183 89
Total assets in Canada $ 8,827,946 40
LIFE IliSU RANGE COMPANIES I99
SESSIONAL PAPER No. 8
EQUITABLE JAY^— Continued.
LIABILITIES IN CANADA.
Under Policies issued previous to March SI, 1878.
Amount computed to cover the net reserve or reinsurance value on all
outstanding policies in Canada % 428,331 00
Reserve for reversionary additions and premium reductions 35,233 00
*Net reinsurance reserve . % 463,564 00
Claims for death losses due and unpaid (including $325 . 37 bonus additions). $ 3,325 37
Claims for death losses, unadjusted but not resisted 4,500 00
Total claims for death losses 7,825 37
Claims for matured endowments due and unpaid (including $113.45
bonus additions) 1,113 45
Dividends or bonuses to Canadian policy-holders due and unpaid 598 96
Total liabilities to said policy-holders in Canada. .. f 473,101 78
Under Policies issued subsequent to March SI. 1878.
Amount computed to cover the net reserve on all outstanding policies in
Canada , $5,082,848 00
Reserve for reversionary additions and premium reductions 36,802 00
Reserve for life annuities 65,568 00
fNet reinsurance reserve % 5,185,218 00
Present value of amounts not yet due on matured instalment and
debenture policies 32,074 00
Claims for death losses due and unpaid $ 14,138 00
II II unadjusted but not resisted 2,163 00
Total claims for death losses 16,301 00
Claims for matured endowments due and unpaid (including |10 bonus
additions ; $37.88 accrued in previous years) 8,037 88
Dividends or bonuses to Canadian policy-holders due and unpaid 650 65
Total net liabilities to said policy-holders in Canada $ 5,242,281 53
Total net liabilities to all policy-holders in Canada., $ 5,715,383 31
INCOME IN CANADA.
Cash received for premivnns % 722,618 18
Premiums paid by dividends 14,117 48
Cash received for annuities 21,226 75
Total net premium income $ 757,962 41
Interest or dividends on stock, &c 305,086 65
Interest on overdue premiums 568 85
Interest on bank deposit 77 46
Policy fee 1 00
Total income in Canada $ 1,063,696 37
^Reserve based on Institute of Actuaries' H*^ Mortality Table, 4A per cent interest.
fReserve based on Institute of Actuaries' H^^ Mortality Table, 4^ per cent interest for polioies issued
on and previous to December 31, 1899, and 3^ per cent for policies issued subsequent to that date.
200 DEPARTMENT OF FINANCE— INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
EQUITABLE JAF^—Continn.ed.
EXPENDITURE IN CANADA.
Amount paid during the year on claims in Canada, viz.: —
On account of death claims, including $25!) bonus additions (iB27,305.85
accrued in previous years) .§ 302,806 71
Payments on matured instalment policies, and interest on debentures. 1,484 72
On account of matured endowments, including $10 bonus additions
($2,982.12 of which accrued in previous years) 60,383 35
Total net amount paid on account of claims $ 364,734 78
Cash paid to annuitants 5,824 46
Amount paid for surrendered policies 95,404 68
Amount paid for dividends to Canadian policy-holders 59,342 42
Cash dividends applied in payment of premiums in Canada 14,117 48
Total net amount paid to policy-holders in Canada . $ 539,423 82
Cash paid for commissions, salaries and other expenses of officials in
Canada 83,186 11
Cash paid for licenses, taxes, fees or fines 6,467 60
Sundry payments, viz. : — Medical examiners, $5,862 ; rent, $2,528.79 ;
postage and exchange, $1,642.53 ; advertising, $881.32 ; printing
and stationery, $414.42 ; law expenses, $1.50 ; furniture, $348.30;
sundries, $1,292.08 ; customs duties, $432.68 13,403 62
Total expenditure in Canada $ 642,481 15
MISCELLANEOUS.
Number of new policies reported during the year as taken in
Canada 1,111
Amount of said pohcies $ 1,902,390 00
Number of policies become claims in Canada during the year . . 148
Amount of said claims 355,600 91
Number of policies in force in Canada at date 10,291
Amount of said policies.. $21,646,173 00
Bonus additions thereon 123,753 00
Net amount in force at December 31, 1902 21,769,926 00
Number of life annuities in force in Canada 34
Amount of annual payments thereunder .' 7,607 54
EXHIBIT OF POLICIES.
Policies in force at beginning of year : —
No. Amount.
Whole life policies 7,782 $ 16,928,633 00
Endowment assurances 1,922 3,941,387 00
Term and all other Ill 283,407 00
Bonus additions 122,238 00
9,815 $ 21,275,665 00
New policies issued : —
Whole life policies 854 $ 1,548,953 00
Endowment assurances , . . . 416 850,650 00
Term and all other 35 61,550 00
Bonuses added during the year 17,268 00
1,305 2,478,421 00
Old policies revived, changed and increased 21 47,100 00
Total 11,141 $ 23,801,186 00
Deduct policies terminated 850 2,031,260 00
' LIFE INSURANCE COMPANIES 201
SESSIONAL PAPER No. 8
EQUITABLE lAY^— Continued.
Policies in force at end of vear : —
Whole life 8,078 % 17,112,726 00
Endowment assurances , 2,082 4,233,240 00
Term and all other 131 300,207 00
Bonus additions 123,753 CO
10,291 $ 21,769,926 00
DETAILS OF POLICIES WHICH HAVE CEASED TO BE IN FORCE.
No. An.ount.
Policies terminated by death (including bonuses, $5,381) 116 $ 289,552 00
,1 maturity (including bonuses, $1,625) 32 66,515 00
.. expiry ". 5 28,250 00
It surrender (including bonuses, $8,747) 155 382,983 00
lapse 365 734,890 00
II change and decrease 7 8,600 00
II not being taken 170 520,470 00
Total terminated (including bonuses, $15,753). . 850 $2,031,260 00
DETAILS OF POLICIES ISSUED PREVIOUS TO MARCH 31, 1878.
No. Amount.
Policies in force at beginning of year (including bonus additions,
$61,069) 415 $1,015,524 00
-Bonuses added during the year 1,148 00
Policies terminated (including bonus additions, $3,103). ........ 22 57,703 00
Policies in force at date of statement (including bonus additions,
$59,414) 393 959,269 00
General Business Statement for the Year ending December 31, 1902.
income during the year.
Net premium income $53,932,423 44
Consideration for supplementary contracts not involving life contingencies 225,633 32
Received for interest or dividends and discount on claims paid in advance. 12,203,651 31
Received for rent 1,911,675 07
Profit on sale or maturity of ledger assets 1,192,754 57
Totallncome $69,466,137 71
EXPENDITURE DURING THE YEAR.
Total net amount paid for losses and matured endowments $17,507,892 57
Cash paid to annuitants 768,095 09
Surrender values paid in cash 4,750,230 98
Surrender values applied to purchase paid up insurance and annuities.. 1,687,108 00
Cash dividends paid to policy-holders 3,692,194 70
Dividends applied to purchase paid up additions and annuities.. . 785,729 45
Paidfor claims on supplementary contracts not involving life contingencies 15, 1 73 51
Cash paid to stockholders for dividends 7,000 00
Commission and bonuses to agents 6,313,01 1 29
Salaries and allowances for agencies 477,903 05
Agency supervision, travelling and all other agency expenses 411,343 55
Medical examiners' fees and inspection of risks 570,292 61
Salaries of officers and office employees 987,999 51
Commuting renewal commissions 1,076,003 95
Taxes, licenses and insurance department fees 917,110 58
Rents 293,192 00
General expenses 2,446,946 07
Total disbursements 2,707,226 91
202 DEPARTMENT OF FINANCE— INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
EQUITABLE lAYl^— Concluded.
LEDGER ASSETS.
Book value of real estate (unencumbered) $37,193,568 75
Mortgage loans, first liens on real estate 70,006,274 15
Loans secured by pledge of bonds, stwck or other collaterals 17,621,000 00
Loans on policies 14,108,674 51
Book value of bonds and stocks owned 168,289,748 00
Funds in trust companies at interest 25,842,619 66
Cash on hand and in banks 9,821 64
Agents' balances 978,252 97
Total ledger assets = . . . $334,049,959 68
NON-LEDGER ASSETS.
Interest due and accrued 2,482,395 26
Rents due and accrued * 160,51 2 78
Market value of bonds and stocks over book value 15,797,955 00
Net amount of uncollected and deferred premiums 6,904,715 00
Total 8359,395,537 72
Less items not admitted : — agents' balances 978,252 97
Total admitted assets $358,417,284 75
LIABILITIES.
■^^'Net reinsurance reserve $279,450,753 00
Present value of amounts not yet due on supplementary contracts not
involving life contingencies 1,250,594 00
Total unsettled claims 2,586,613 51
Due and unpaid on supplementary contracts not involving life contin-
gencies 565 26
Dividends or other profits due policy-holders 600,721 18
Premiums paid in advance, including surrender values so applied 378,794 00
Total liabilities $284,268,040 95
Capital stock paid up ' $ 100,000 00
Gross divisible surplus $ 74,049,243 80
EXHIBIT OP POLICIES.
Number of new policies issued during the year 100,513
Amount of said policies $274,303,779 00
Number of policies terminated during the year 53,893
Total amount terminated 168,080,074 00
Number of policies in force at date 457,905
Net amount of said policies 1,292,446,595 00
^Computed according to the Actuaries' Experience Table of Mortality, with 4 per cent interest, and
the American Experience Table of Mortality, with 8 and 3i^ per cent interest.
LIFE INSURANCE COMPANIES
SESSIONAL PAPER No. 8
THE EXCELSIOR LIFE INSURANCE COMPANY.
Statement for the Year ending December 31, 1902.
President — David Fasken.
Secretary and Chief Agent —
Edwin Marshall.
Principal Office — Toronto.
(Incorporated by letters patent bearing the date of August 7, 1889, under 'The Ontario
Joint Stock Companies Letters Patent Act" ; amended by Orders of the Lieutenant
Governor in Council bearing dates December 11, 1889, May 5, 1897 and December
21, 1899. Commenced business in Ontario, October 1-5, 1890; Dominion license
issued, June 2.3, 1897.)
capital.
Amount of joint stock capital authorized ^ 500,000 00
Amount subscribed 350,900 00
Amount paid up in cash 52,635 00
(For List of Shareholders, see Appendix.)
ASSETS.
Value of real estate (unencumbered) $ 15,916 34
Amount secured by way of loans on real estate, by bond or mortgage,
first liens 371,227 78
Amount of loan on security of reversion 8,091 49
Amount of loans secured by bonds, stocks or other marketable collaterals 322 25
Amount of loans made to policy-holders on company's policies assigned
as collaterals 30,483 26
Premium obligations on policies in force 622 97
Bonds deposited with the Receiver General, viz. : —
Par value. Book value.
Province of New Brunswick bonds $ 20,000 00 $ 21,718 00
Town of Brockville bonds 17,000 00 17,401 20
City of St. John bonds 10,000 0(» 10,471 00
Town of Colling wood bonds 7,000 00 7,787 70
Total par and book values % 54,000 00 $ 57,377 90
Carried out at book value 57,377 90
Cash at head office 6,437 55
Cash in Bank of Toronto 4,087 82
Bills receivable 298 52
Agents' balances 5,804 02
Office furniture 1,445 00
Shareholder interest bearing notes 740 05
Sundry open accounts 8,290 83
Total 8 511,145 78
204 DEPARTMENT OF FINANCE-INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
EXCELSIOR LIFE INSURANCE QOMVk^Y— Continued.
OTHER ASSETS.
Interest due % 2,977 91
Interest accrued 6,580 43
Total carried out | 9,558 34
Rents due 345 50
Net amount of uncollected and deferred premiums 45,155 31
Total assets $ 566,204 93
LIABILITIES.
Amount computed to cover the net present value of all policies in force. . $ 506,825 67
Reserve for reversionary additions and premium reductions 1,840 77
Reser v'e for life annuities 740 20
Total. $ 509,406 64
Deduct value of jwlicies reinsured in other companies 18,917 78
■^Net reinsurance reserve $ 490,488 86
Present value of amounts not yet due on matured instalment policies. . 1,412 35
Claims for death losses unadjusted but not resisted 4,325 00
Amount of dividends to stockholders due and unpaid 82 80
Due for expenses 955 42
Premiums paid in advance 1,310 30
Special reserve towards a higher valuation standard 9,349 72
Total liabilities I 507,924 45
Surplus on policy-holders' account I 58,280 48
Capital stock paid-up 52,635 00
INCOME DURING THE YEAR.
Cash received for premiums (new, $37,630.16; renewal, |129,515.35). . % 167,145 51
Premium obligations taken in part payment of premiums 90 15
Premiums paid by dividends 266 45
Total I 167,502 11
Deduct premiums paid to other companies for reinsurance 7,411 80
Net premium income $ 160,090 31
Received for interest or dividends on stocks, &c 23,807 96
Received for rents 909 7 1
Total income during the year $ 184,807 98
*Oomputed by the department according to the H^^. Table of Mortality of the Institute of Actuaries,
with interest at 4| per cent for policies issued on or before December 31, 1899, and with interest at 3^ per
cent for policies issued since that date.
LIFE INSURANCE COMPANIES 205
SESSIONAL PAPER No. 8
THE EXCELSIOR LIFE INSURANCE OOMVA^Y— Continued.
EXPENDITURE DURING THE YEAR.
Cash paid for death losses § 28,903 25
Payments on matured instalment policies 122 50
Total , % 29,025 75
Deduct amount received from other companies for reinsured death claims 3,000 00
Net amount paid for death claims i$ 26,025 75
Cash paid for matured endowments . 7,000 00
Cash paid to annuitants 300 00
Cash paid for surrendered poHcies 4,298 25
Cash dividends paid to policy-holders 756 96
Cash dividends applied in payment of premiums 266 45
Total paid to policy-holders I 38,647 41
Cash paid to stockholders for interest or dividends 3,264 40
Cash paid for commissions, salaries or other expenses of officials 47,419 01
Taxes, licenses, fees or fines 1,833 80
Sundry expenditure, viz.: —
Rent, gas, tfec, 6897.00; agency expenses, 82,259.23; printing
and stationery, $1,194.21; advertising, 8527.36; postage,
telegrams and expres??, 81,162.47; miscellaneous, 8608.77;
commission on loans, 81}220.85; medical fees, 83,947.78;
legal expenses, 8321 . 74 ; office furniture, 8255 12,394 41
Total expenditure 8 103,559 03
SYNOPSIS OF LEDGER ACCOUNTS.
Amount of net ledger assets at Dec. 31, 1901 8 430,656 Q\
Amount of cash income as above 184,807 98
Recovered on agents' advances and mortgage loans written off in pre-
vious year ' 783 03
Total , 8 616,247 62
Amount of expenditure as above § 103,559 03
Amount written off ledger value of bonds and debentures 1,508 98
II II agent's advances, &c 33 93
Total 105,101 94
Balance, net ledger assets at Dec. 31, 1902 8 511,145 QS
PREMIUM NOTE ACCOUNT.
Premium obligations on hand at commencement of year I 532 82
II . II received during the year 90 15
Note assets at end of year $ 622 97
206 DEPARTMENT OF FINANCE— INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
THE EXCELSIOR LIFE INSURANCE COM? A^Y— Continued.
MISCELLANEOUS.
Number of policies reported as taken during the year jn Canada . .1,133
Amount of said policies '. I 1,285,469 00
Amount of said policies reinsured in other licensed companies 89,000 00
Number of policies become claims during the year 45
Amount of said claims 36,324 00
Amount of said claims reinsured in other licensed companies in Canada 3,000 00
Number of policies in force in Canada at date 5,539
Amount of said policies $ 5,093,982 65
Bonus additions thereon 3, 119 75
Total
Amount of said policies reinsured in other licensed companies .
.% 5,097,102 40
233,960 00
Net amount in force at December 31, 1902
Number of life annuities in force at date 2
Amount of annual payments thereunder ,
4,863,142 40
300 00
EXHIBIT OF POLICIES.
Policies in force at December 31, 1901 : —
No.
Whole life policies 3,066
Endowment ix)licies . . 1,839
Term and all other 173
Bonus additions
New policies issued : —
No.
Whole life policies 735
Endowment policies 278
Term and all other 46
Bonus additions
Amount .
2,653,937 00
1,460,817 65
242,215 00
3,254 95
Amount.
899,588 00
291,174 00
76.500 00
210 00
Old policies revived
Old, changed and increased
No.
5,078
1,059
77
Total 6,214
Deduct policies which have ceased to be in force 675
Policies in force at December 31, 1902 : —
No. Amount
Whole life polides 3,407 $3,206,659 00
Endowment ^x)licies 1,953
All other policies 179
idit
Bonus additions .
Policies reinsured :-
Whole life
Endowment
Term and all other.
l,625,7c$8 65
261,535 00
3,119 75
Amount.
4,360,224 60
1,267,472 00
18,358 00
6,574 00
$ 5,652,628 60
555,526 20
5,539 I 5,097,102 40
No. Amount.
72 $ 203,960 00
8 15,000 00
7 15,000 00
87 % 233,960 00
LIFE INSURANCE COMPANIES 207
SESSIONAL PAPER No. 8
EXCELSIOR LIFE INSURANCE COW^X^Y— Concluded.
DETAILS OF POLICIES TERMINATED DURING THE YEAR 1902.
1. By death 37 $ 29,324 00
% By maturity 8 7,000 00
3. By expiry 2 6,000 00
4. By surrender 36 40,099 00
5. By lapse ." 592 462,617 00
6. By change or decrease 10,486 20
Total terminated ... . 675 $ 555,526 20
INDUSTRIAL POLICIES.
Number of policies and amounts assured at December 31, 1902, at ages grouped as under.
5 years and under.
6 to 10 years, inclusive.
Number
of
Policies.
Amount
Insured.
Number
of
Policies.
Amount
Insured.
Life
Endowment
19
34
$ cts.
480 00
941 00
74
153
$ cts.
4,241 00
6,620 00
Totals
53
1.421 00
227
10,861,00
Number and amount of claims paid during 1902 at ages grouped as under.
5 years and under.
6 to 10 years, inclusive.
Number
of
Policies.
Amount
Insured.
Number
of
Policies.
Amount
Insured.
Life
1
1
$ cts.
12 50
4 75
$ cts.
Endowment
1
43 00
Totals
2
17 25
1
43 00
208 DEPARTMENT OF FINANCE— INSURANCE BRANCH
2-3 EDWARD VII., A. 1905
THE FEDERAL LIFE ASSURANCE COMPANY OF CANADA.
Statement for the Year ending December 31, 1902.
President — David Dexter.
Chief Agent and Managing Director —
David Dexter.
Head Office — Hamilton, Ontario.
(Incorporated December 21, 1874, by Act 38 Vic, cap. 68 (Ontario) ; amended in 1875
by 39 Yic, cap. 1 (Ontario). Organized, February, 1882. Incorporated in 1898
by an Act of the Parliament of Canada, 61 Yic, cap. 113. Commenced business.
in Canada, June, 1882.)
CAPITAL.
Amount on joint stock capital authorized and subscribed for $ 1,000,000 00
Amount paid up in cash 130,000 00
(For List of Shareholders, see Appe')idix.)
ASSETS AS per LEDGER ACCOUNTS.
Yalue of real estate (unencumbered) $ 54,380 38
Amount secured by way of loans on real estate, by bond or mortgage,
first liens 663,494 24
Amount of loans secured by bonds, stocks or other marketable collate-
rals 45,590 00
Yiz., on shares of :
Par Market Amount
value. value. loaned.
Landed Banking and Loan Co' ' ' ' $ 1,000 $ 1,210 $ 1.000 00
Hamilton Provident and Loan Co 5,000 6,050 3,000 00
Bank of Hamilton , 12,900 30,380 26,690 54
Hamilton Steamboat Co 7,000 8,400 4,000 00
Bank of Hamilton 5,000 11,775 10,900 00
Total $ 30,900 $57,815 $45,590 54
(Amounts of loans as above on which interest has been due for one year or more
previous to statement, S2,100. )
Amount of loans made to policy-holders on the company's policies
assigned as collaterals 232,862 59
Premium obligations on policies in force 256 1 1
LIFE INSURANCE COMPANIES 209
SESSIONAL PAPER No. 8
FEDERAL JAF^—Co7itinued.
ASSETS — Concluded,
Stocks and bonds owned by the company, viz. : —
Par value. Market value.
*St. Thomas debentures $ 11,806 00 $ 12,178 29
^Gananoque 5,000 00 5,192 94
*Eldon debentures 10,000 00 10,090 15
^Seaforth .. 12,500 00 13,514 53
*Clinton .. 2,500 00 2,695 09
^Pembroke „ 5,98155 6,427 03
*Citv of Winnipeg debentures 27,000 00 27,000 00
Landed Banking and Loan Company 50,000 00 .50,000 00
Ottawa Electric Company 23,000 00 26,140 99
Toronto Electric Light Company 25,000 00 26,399 12
Toronto Railway Company 49,333 33 53,557 38
Canadian Northern Railway bonds 15,000 00 15,000 00
Bell Telephone Co. of Canada 75,000 00 86,849 94
City of Winnipeg 3,000 00 3,(X)0 00
Winnipeg Electric Street Railway Co 20,000 00 23,049 40
Hamilton Gas Light Co. bonds 10,000 00 10,000 00
Total par and market values $ 345,120 88 $ 371,100 86
Carried out at value in account $ 359,962 6-3
Cash at head office 707 05
Cash in banks, viz. : —
Bank of Hamilton, Hamilton, current account $ 62,695 85
„ deposit .. 19,314 43
Traders' Bank 23,916 75
Hamilton Provident and Loan Society 1,877 69
Total 107,804 72
Agents' ledger balances 3,257 86
Advance to agents, to be repaid from commissions 2,801 23
Fire insurance premiums paid on account of mortgagors 2,328 71
Total .$ 1,473,446 06
OTHER ASSETS.
Market value of bonds, stocks and real estate over value in account. . . 20,257 8.5
Interest due $ .5,497 42
.. accrued 15,051 33
Total carried out 20,548 75
Office furniture 4,125 83
Net amount of uncollected and deferred premiums on new business,
.$92,207.73 ; on renewals, $31,430,80 123,638 53
Total assets $ 1,642,017 02
^Deposited with Receiver General.
8—14
210 DEPARTMENT OF FINANCE— INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
^ FEDERAL lAYl^— Continued.
LIABILITIES.
Amount computed to cover the net present value of all policies in force. $ 1,423,793 66
Keserve foe reversionary additions and premium reductions 9,059 16
Reserve for life annuities 22,306 75
Total.... $1,455,159 57
Deduct value of ix)licies reinsured in other companies 10,4.58 86
* Net reinsurance reserve $ 1,444,700 71
Present value of amounts not yet due on matured instalment policies... 11,300 73
Claims for death losses unadjusted but not resisted ($1,000 accrued in
previous year) 17,000 00
Claims for matured endowments unadjusted but not resisted 1,000 00
Amount of dividends or bonsuses to policy-holders due and unpaid .... 368 25
Total liabilities $ 1,474,369 69
Surplus on policy-holders' account | 167,647 33
Capital stock paid up 130,000 00
INCOME DURING THE YEAR.
Cash received for premiums $ 456,399 27
Premium obligations taken in part payment of premiums 2,776 85
Premiums paid by dividends 15,527 68
Cash received for annuities 6,500 00
Total $ 481,203 80
Peduct amount paid to other cotnpanies for reinsurance. 9,751 27
Net premium income | 471,452 53
Received for interest 71,206 64
Received for rents 91 22
Total income | 542,750 39
EXPENDITURE DURING THE YEAR.
Cash paid for death losses ($13,100 of which accrued in previous
years) S 129,805 00
Payments on matured instalment policies 900 00
Total S 130,705 00
Deduct amount received from other companies for reinsured death
claims 16,048 54
Net amount paid for death claims $ 1 14,656 46
Cash paid for matured endowments $ 31,174. 11
Premium obligations used in payment of same 210 94
Total paid for endowment claims 31,385 05
* Based on the H^'. Table of Mortality with interest at 4i per cent for policies issued on or before
December 31, 1899 ; and with interest at 3^ and 3 per cent for policies issued since that date. The guaranteed
security business forming nearly one-half the total issues since June, 1896, are valued upon the H^. 4 and
H.M 3 per cent basis.
LIFE INSUHANCE COMPANIES 211
SESSIONAL PAPER No. 8
FEDERAL JAF^— Continued.
EXPENDITURE DURING THE YEAR Coucluded.
Cash paid to annuitants | 3,U0o 15
Cash, paid for surrendered policies , 20.102 28
Cash dividends paid policy-holders 11,710 21
Dividends applied in payment of premiums 4,976 85
Dividends applied in payment of premiums (Homan's plan policies). ... 15,527 68
Total paid to policy-holders | 201,411 68
Cash paid to stockholders for dividends 10,276 13
Taxes, licenses, fees or fines 4,307 31
Cash paid for commissions, salaries and other expenses of officials 113,648 70
Miscellaneous payments, viz.: — Medical fees, $8,005.10 ; printing, adver-
tising and stationery, $7,164.70; postage, $1,498.56; exchange,
$296.67 ; legal expenses, $144.08 ; rent, $4,363.08 ; commission on
loans, $612.50; fuel, light, express, telegrams, &c., $3,347.85;
furniture, $994.42 ; insurance books, $18.85 ; directors and auditors,
$2,121.38; written off real estate, policy loans and debentures,
SI, 141.40 29,708 59
Total expenditure $ 359,352 41
PREMIUM NOTE ACCOUNT.
Premium obligations on hand at commencement of year $ 558 97
n received during the year 51 95
Total $ 610 92
Deductions during the year, viz.: —
Amount of obligations used in payment of claims § 210 94
„ II II dividends to policy-holders 143 87
Total deductions 354 81
Balance, note assets at Dec. 31, 1902 $ 256 11
SYNOPSIS OF LEDGER ACCOUNTS.
Amount of net ledger assets at December 31, 1901 $ 1,293,886 16
Amount of cash income as above 542,750 39
Total $ 1,836,636 55
Amount of expenditure as above. . % 359,352 41
Amount written off ledger assets (not included in expenditure) 3,838 08
Total 363,190 49
Net ledger assets, Dec. 31, 1902 $ 1,473,446 06
8-14J
212 DEPARTMENT OF FINANCE— INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
FEDERAL lAYE— Continued.
MISCELLANEOUS.
Number of new policies reported during the year as taken 1,869
Amount o.^ iaid policies $ 2,614,4^6 50
II II reinsured in other licensed companies 40,000 00
Number of policies become claims during the year 89
Amount of said claims (including matured endowments) 166,190 05
II above claims reinsured in other licensed companies 17,000 00
Number of policies in force at date 9,421
Amount of said policies $13,981,004 59
Boi?ns additions thereon 572 97
Total $ 13,981,577 56
Amount of said policies reinsured in other licensed companies 380,520 00
Net amount in force at December 31, 1902 13,601,057 56
Number of life annuities in force at December 31, 1902 9
Amount of annual payments thereunder 3,210 63
EXHIBIT OF POLICiES.
In force at beginning of year : —
No. Amount. No. Amount.
Whole life policies \... 6,398 $ 8,935,352
Endowment assurances 1,154 1,518,095
All other policies 1,122 2,604,700
Bonus additions 631
8,674 I 13,058 778
New policies issued : —
Whole life policies 1,437 $ 2,026,650
Endowment assurances 478 649,147
All other policies 28 63,500
Bonuses added 328
1,943 2,739,625
Old policies revived 4 8,700
Old policies changed and increased 18 25,142
Totals 10,639 | 15,832,245
Deduct policies terminated 1,218 1,850,667
In force at end of year : —
No. Amount.
Whole life policies 6,956 $ 9,668,095
Endowment assurances 1,411 1,868,210
All other policies 1,054 2,444,700
Bonus additions 573
9,421 $ 13,981,578
LIFE INSURANCE COMPANIES
213
SESSIONAL PAPER No. 8
FEDERAL lAF^— Concluded.
DETAILS OF POLICIES WHICH HAVE CEASED TO BE IN FORCE.
Terminated by death . . . .
maturity .
expiry . . .
surrender.
change and decrease
not taken
Bonuses surrendered
No.
Amount.
72 ■ $
133,805
17
32,000
28
68,500
52
108,630
958
1,318,961
17
63,525
74
124,861
385
1,218 $
1,850,667
DETAILS OF POLICIES REINSURED.
No.
Whole life 23
Endowments 1
All other policies 103
Amount.
72,520
3,000
305,000
Total
127
380,520
214 DEPARTMENT OF FINANGE-^INSURANGE BRANCH
2-3 EDWARD VII., A. 1903
THE GERMANIA LIFE INSURANCE COMPANY.
Statement for the Year ending December 31, 1902.
President — Cornelius Doremus. | Secretary — Carl Heye.
Principal Office — 30 Nassau Street, New York.
Chief Agent in Canada —
C. R. G. Johnson.
Head Office in Canada —
1723 Notre Dame Street, Montreal.
(Incorporated, April 10, 1860. Commenced business in Canada, November,'! 887.)
CAPITAL.
Amount of capital authorized, subscribed for and paid up in cash $ 200,000 00
^ASSETS IN CANADA.
Amount of loans made to Canadian policy-holders on the company's
policies assigned as collaterals $ 1,700 00
Bonds owned by the company and held by the Receiver General,
viz : —
Par value. Market value.
Canada 4 per cent bonds S 50,000 00 $ 50,000 00
Mountrpal Harbour bonds 25,000 00 26,000 00
Town of Westmount bonds 25,000 00 25,000 00
City of Victoria, B.C., bonds 25,000 00 26,000 00
Total par and market values % 125,000 00 $ 127,000 00
Carried out at market value , 127,000 00
Interest accrued 258 13
Gross premiums due and uncollected on Canadian policies in force $ 399 49
Gross deferred premiums on same 446 29
Total outstanding and deferred premiums S 845 78
Deduct cost of collection at 22| per cent 190 30
Net outstanding and deferred premiums 655 48
Total assets in Canada . . $ 129,613 61
LIFE lyaURANCE COMPANIES 215
SESSIONAL PAPER No. 8
GERMANIA JA-FY.— Continued,
LIABILITIES IN CANADA.
Amount computed to cover the net present value of all Canadian
policies in force % 117,505 00
Reserves for reversionary additions and premium reductions 1,035 00
^Total reserve | 118,540 00
Amount of dividends or bonuses to Canadian policy-holders due and
unpaid 426 00
Total liabilities in Canada $ 118 966 00
INCOME IN CANADA.
Cash received for premiums, . , $ 8,500 80
Premiums paid by dividends 26 60
Total premium income $ 8,527 40
Received for interest or dividends 5,000 00
Interest on policy loans , 248 17
Total income in Canada | 13,775 57
EXPENDITURE IN CANADA.
Cash paid for death claims .f 3,576 56
Cash paid for matured endowments in Canada 1,500 00
Cash paid for surrendered policies 856 16
Cash dividends applied in payment of premiums in Canada 26 60
Total net amount paid policy-holders in Canada I 5,959 32
Commission, salaries and other expenses of officials in Canada 50 15
Taxes, licenses, fees or fines 4 22
Total expenditure in Canada $ 6,013 69
MISCELLANEOUS.
Number of new policies reported during the year as taken in Canada. . . 5
Amount of said policies $ 1 1,000 00
Bonus additions credited in 1902 75 00
Number of policies become claims in Canada during the year 3
Amount of said claims (including bonus additions, .$43 . 56) 3,578 56
Number of policies in force in Canada at date 116
Amount of said policies $218,176 00
Bonus additions thereon , , . . . 1,383 00
Net amount in force at December 31, 1902 219,559 00
*Actuaries' 4 per cent Table, and American Experience Table, 3^ per cent and 3 per cent.
216 DEPARTMENT OF FINANCE— INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
GERMANIA lAYl^— Continued.
EXHIBIT OF POLICIES.
In force at beginning of year : —
No. Amount. No. Amount.
Whole life 40 % 54,158 00
Endowments 77 158,101 00
Bonus additions 1,352 00
117 $ 213,611 00
New policies issued and increase through change of residence. ... 5 11,000 00
Bonuses added 75 00
122 $ 224,686 00
Deduct terminated 6 5,127 00
In force December 31, 1902 :—
Whole life 42 % 59,908 00
Endowments 74 158,268 00
Bonus additions 1,383 00
116 I 219,559 00
DETAILS OF TERMINATIONS.
Policies terminated by death (including bonus additions, $44). ... 3 $ 3,577 00
surrender 3 1,550 00
Total 6 $ 5,127 00
General Business Statement for the Year ended December 31, 1902.
INCOME during THE YEAR 1902.
Total premium income $ 3,868,703 38
Consideration for supplementary contracts not involving life contin-
gencies 4,045 25
Interest 1,143,722 64
Received for rents , 223,237 11
Policy fees 2,003 98
Profit on sale or maturity of ledger assets 306,867 24
Total income ' $ 5,548,579 60
DISBURSEMENTS DURING THB. YEAR 1902.
Total amount paid for losses and matured endowments
Cash paid to annuitants ,
Surrender values paid in cash
Surrender values applied to purchase paid-up insurance and annuities.
Dividends paid policy-holders in cash on paid-up policies
Dividends applied to pay running premiums
Dividends applied to purchase paid-up additions and annuities
Paid to stockholders for interest and dividends ,
Commission and bonuses to agents
Salaries and allowances to managers and agents
Medical examiners' fees and inspection of risks
Salaries of officers and office employees
Taxes, licenses and insurance department fees
Rents
Commuting commissions
General expenses
,876,045
02
29,985
25
213,159
15
114,668
15
34,026
08
125,958
16
29,739
52
24,000
00
476,663
47
192,405
14
41,714
67
103,434
65
76,287
96
27,760 00
180
70
181,865
98
Total disbursements % 3,547,893 90
LIFE INSURANCE COMPANIES 217
SESSIONAL PAPER No. 8
GERMANIA 1A¥F.— Concluded.
LEDGER ASSETS.
Cost value of real estate exclusive of all encumbrances % 2,830,346 87
Mortgage loans, first liens on real estate ] 4,540,604 50
Loans made to policy-holders on the company's policies assigned as
collateral \ 1,634,297 85
Book value of bonds and stocks owned 9,772,004 38
Cash in hand and in banks 688,9 11 50
Total ledger assets | 29,466,165 10
NON-LEDGER ASSETS.
Interest due and accrued 338,969 94
Rents due and accrued 7,215 00
Market value of bonds and stocks over book value 296,018 39
Net amount of uncollected and deferred premiums 587,212 47
Total assets I 30,695,580 90
LIABILITIES.
-^Net reinsurance reserve ^ 26,096,088 00
Total policy claims 128,238 20
Present value of amounts not yet due on supplementary contracts not
involving life contingencies 3,879 02
Unpaid dividends or surplus or other description of profits due policy-
holders 41,599 73
Premiums paid in advance 8,874 93
Reserve on cancelled policies upon which surrender values may be
demanded 6,222 54
Dividends apportioned, payable to policy-holders during 1903 ....... 201,161 79
Dividends apportioned, payable to policy-holders subsequent to 1903. . 1,299,809 65
Extra reserve for absolute, dividend tontine, war and world policies. . 90,803 04
Total liabilities on policy-holders' account I 27,876,676 90
Capital stock paid up 200,000 00
Oros.^ divisible surplus 2,818,904 00
EXHIBIT OF POLICIES.
Number of new policies issued during the year 7,175
Amount of said policies $ 12,703,454 00
Number of policies terminated during the year 3,892
Total amount terminated 6,570,732 00
Number of policies in force at December 31, 1902 54,485
Not amount of said policies 91,670,014 00
*Based on Combined Experience Table of Martality with 4 per cent interest for policies issued prior
to January 1st, 1901.
The American Experience Table of Mortality with 3^ per cent and 3 per cent interest respectively for
policie.s issued after that date.
The American Experience Table of Mortality with 3.^ per cent interest for reversionary additions and
reduction of premiums.
218 DEPARTMENT OF FINANCE— INSURANCE BRANCH
2-3 EDWARD VII., A. 190a
THE GREAT-WEST LIFE ASSURANCE COMPANY.
Statement for the Year ending December 31, 1902.
President — Alex. Macdonald.
Chief Agent and Managing Director —
J. H. Brock.
Secretary — A. Jardine.
Principal Office — Winnipeg, Man.
(Incorporated, August 28, 1891, by 54-55 Vic, cap. 115. Commenced business iife
Canada, August 18, 1892.)
CAPITAL.
Amount of joint stock capital authorized and subscribed for $ 400,000 GO*
" " amount paid up in cash 100,000 OO
(For List of Shareholders, see Appendix.)
ASSETS AS per LEDGER ACCOUNTS.
Amount secured by way of loans on real estate, by bond or mortgage,
first liens $ 1,185,533 23;
Amount of loans secured by bonds, stocks or other marketable collaterals 875 00
Amount of loans as above on which interest has been overdue for one
year or more previous to statement $ 3,302. 35
Amount of loans to policy-holders on the company's policies assigned as
collateral 82,873 74
Stocks and bonds owned by the company : —
Par value. Market value. Ledger value.
Canada Permanent and Western Canada
Mortgage Corporation stock $25,000 00 $ 30,000 00 $ 30,000 00
Canada Landed and National Invest-
ment Co. stock 5,450 00 5,804 25 5,722 50
* City of Winnipeg debentures 56,000 00 58,051 00 56,000 00
Didsbury School debentures .3,000 0 ) 3,347 85 3,161 00
Nose Creek School debentures 250 00 270 10 250 00
Kimberley Sehool debentures 130 00 135 95 130 00
Castleton School debentures 360 00 371 10 364 00
Woodside School debentures 300 00 327 70 322 00
Yellow Grass School debentures.. . , 56 » 00 .58150 560 00
Village of Dauphin debentures 5,835 00 6,800 35 5,835 00
Dufresne School debentures 720 00 747 65 725 0 >
West Dalesboro School debentures 540 00 562 70 544 00
Village of Olds debentures 900 00 937 85 907 00
Village of Wetaskiwin debentures 900 00 973 17 ■ 944 50
Richard School debentures 2,250 00 2,394 26 2,281 00
Ramsay School debentures 1,425 00 1,585 15 1,425 00
Rose Briar School debentures 500 00 526 80 503 00
Scandia School debentures 300 00 308 00 305 25
Sidney School debentures 600 00 618 50 605 00
Village of Lumsden debentures 1,000 00 1,069 50 1,005 00
Vegreville School debentures 450 00 474 10 455 00
Westward Ho. School debentures 500 00 526 80 517 50
Total values $ 106,970 00 $ 116,414 28 $ 112,561 75
In deposit with Receiver General.
LIFE INSURANCE COMPANIES 219
SESSIONAL PAPER No. 8
GREAT-WEST— Con«inz*ec^.
A^B^TS,!:^— -Concluded.
Carried out at ledger value $ 112,561 75
Cash at head office 3,059 50
Cash in banks, viz.: —
Bank of Nova Scotia, St. John, N.B $ 704 24
Imperial Bank, Winnipeg, Man 311 45
Imperial Bank, Calgary . . 593 91
Union Bank, Winnipeg 2,789 91
$ 4,489 51
Less overdraft. Dominion Bank, Winnipeg , 637 60
Total 3,851 91
Office furniture and fixtures 4,157 43
Advances to agents to be repaid by commissions 4,849 79
Reversions 2,683 40
Fire insurance premiums advanced on account of mortgagors 279 88
Total ^ 1,400,725 63
OTHER ASSETS.
Market value of stocks, bonds, debentures, tfec, over value in account,
$3,852.53.
Interest due, |4,635.41 ; interest accrued, $29,344.63 ; total 33,980 04
-N'et amount of outstanding and deferred premiums : on new business,
$25,471 . 47 ; on renewals, $76,659 .25 102,130 72
Total assets $ 1,536,836 39
LIABILITIES.
Amount computed to cover the net present value of all policies in force. .§1,249,109 00
Reserve for reversionary additions and premium reductions 3,537 00
Reserve for life annuities 39,602 00
Total $1,292,248 00
Deduct value of policies reinsured 1,492 00
■^ Net reinsurance reserve $ 1,290,756 00
Present value of amounts not yet due on matured instalment policies. . 14,099 85
Amount of dividends or bonuses to policy-holders due and unpaid 2,936 93
Premiums paid in advance 2,535 16
Total liabilities $ 1,310,327 94
Surplus on policy-holders' account $ 226,508 45
Capital stock paid up 100,000 00
■' Based on Actuaries' (Combined Experience) 4 per cent table for ix)licies issued on or before Dec. 31,
1899, and on the Institute of Actuaries' HM Table with interest at 3^ \^t cent for all policies issued since
that date. For Life Annuities, Actuaries' Table with 4 per cent interest.
2?0 DEPARTMENT OF FINANCE-INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
GREAT-WEST— Con^inwed
INCOME DURING THE YEAR.
Ca«}i received for premiums (new $101,340.00 ; renewal, $384,979.10) $ 486,319 10
Premiums paid by dividends . . 1,704 74
Cash received for annuities .... 29,292 00
Total $ 517,315 84
Deduct premiums paid to other companies for reinsurance 2,395 70
Net premium income $ 514,920 14
Amount received for interest or dividends on stock, &c 79,280 09
Amount received for rents 1,076 00
Total income | 595,276 23
EXPENDITURE DURING THE YEAR.
Cash paid for death losses f 54,825 78
Payments on matured instalment policies 1,300 00
Net amount paid for death claims f 56,125 78
Net amount paid for endowment claims, (including $1,249 bonuses). . . 15,749 00
Cash paid to annuitants ■. 2,817 99
Cash paid for surrendered policies 8,466 35
Cash dividends paid to policy-holders 610 56
Cash dividends applied in payment of premiums 1,922 54
Total paid policy-holders I 85,692 22
Cash paid stockholders for interest or dividends 8,000 00
Cash paid for commissions, salaries and other expenses of officials 112,441 54
Taxes, licenses, fees or fines 3,776 Q>Q
Sundry expenditure, viz.: — Medical fees, $12,252.80; travelling ex-
penses, $8,935.03; rents, $3,178.60; stationery and printing,
$7,476.24 ; advertising, $1,562.96 ; postage and telegrams,
$2,379.12; agency expenses, $550; legal expenses, $298.26;
express charges, $442.33 ; exchange, $344.40 ; sundries, $4,183.54 ;
directors' fees, $1,809 43,412 28
Total expenditure , . . $ 253,322 70
SYNOPSIS OF LEDGER ACCOUNTS.
Amount of net ledger assets at Dec. 31, 1901 $ 1,063,058 02
Amount of cash income as above 595,276 23
Total $ 1,658,334 25
Amount of expenditure as above $ 253,322 70
Amount written off ledger assets 4,285 92
Total $ 257,608 62
Balance— net ledger assets, Dec. 31, 1902 $ 1,400,725 63
LIFE INSURANCE COMPANIES 221
SESSIONAL PAPER No. 8
GREAT-WEST— Con^iViwe^;.
MISCELLANEOUS.
Number of new policies reported during the year as taken 2,155
Amount of said policies $ 3,098,450 00
Amount of said policies reinsured in other licensed companies in
Canada 58,000 00
Number of policies become claims during the year 44
Amount of said policies 70,574 78
Number of policies in force at date 10,457
Amount of said policies S 15,282,040 00
Bonus additions thereon . . . 7,507 00
Total % 15,289,547 00
Amount of said policies reinsured in other licensed companies in Canada. 162,500 00
Net amount in force at December 31, 1902 $15,127,047 00
Number of life annuities in force at December 31, 1902 16
Amount of annual payments thereunder 4,900 71
EXHIBIT OF POLICIES.
In force at beginning of year : —
No. Amount. No. Amount.
Whole life policies 6,716 $9,521,534
Endowments 1,313 1,86.S,275
Term and all other 1,014 2,025,790
Bonus additions 5,000
9,043 ^ 13,415,599 00
New policies issued : —
Whole life , 1,953 $2,593,850
Endowments 454 607,250
Term and all other 232 597,100
Bonuses added 2,507
2,639 3,800,707 00
Old policies revived 50 88,500 00
Old, changed and increased 97,000 00
Total 11,732 $17,401,806 00
Deduct terminated 1,275 2,112,259 00
In force at end of year : —
No. Amount.
Whole life.. 7,814 $10,960,903 90
Endowments 1,536 2,153,279 62
Term and all other 1,107 2,167,856 48
Bonus additions 7,507 00
10,457 $15,289,547 00
Deduct for instalment policies 275,916 00
10,457 $15,013,631 00
222 DEPARTMEXT OF FIXAXCE— INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
G-REAT-WEST— Concluded.
DETAILS OF TERMINATIONS.
No. Amount.
Terminated by death 40 $ 54,825 78
maturity 4 15,749 00
expiry 2 5,400 00
surrender 95 193,260 00
lapse 650 979,500 00
Policies changed and decreased 163,774 22
Policies not taken 484 699,750 00
Total 1,275 $2,112,259-00
DETAILS OF POLICIES REINSURED.
Whole life 31 $ 71,000 00
Endowments ... 13 75,500 00
All other policies 14 16,000 00
Total 58 $ 162,500 00
LIFE INSURANCE COMPANIES
SESSIONAL PAPER No. 8
THE HOME LIFE ASSOCIATION OF CANADA.
Statement for the Year ending December 31, 1902.
J*resident — Hon. Richard Harcourt,
K.C., M.P.P.
Managing Director and Chief
Agent — A. J. Pattison.
Principal Office — Toronto.
^Incorporated, May 16, 1890, by 53 Vic, cap. 46. Amended, July 10, 1899, by 62-63
Vic,, cap. 114. Commenced business in Canada, May 12, 1892.)
capital.
-Amount of joint stock and guarantee capital authorized $ 1,000,000 00
Amount subscribed for 951,900 00
Ajnount paid up in cash 158,086 70
(For List of Stockholders, see Appendix.)
assets.
Value of real estate held by the company $ 100,000 00
Amount secured by loans on real estate by bond or mortgage, first liens 36,658 77
Amount of loans secured by collateral, viz., on 20 shares Canadian
Homestead Loan and Savings Association, par value, $2,000 ;
amount loaned thereon 1,500 00
-Am.ount of loans made to policy-holders on the company's policies
assigned as collateral 194 00
Premium obligations on the policies in force 158,491 91
•Stocks and bonds owned by the company : —
Par value. Market value.
Canada 2\ per cent inscribed stfxik $ 48,666 67 S 44,530 00
City of Toronto 3i per cent bonds 9,733 33 9,733 33
Derry School debentures 630 00 630 00
Victoriaville School debentures 7,000 60 6,934 60 '
Dominion Iron and Steel Co. bonds 1,000 00 929 15
Total par and market values $ 67,030 60 $ 62.757 08
Carried out at market value 62,757 08
dash in banks, viz.: —
Dominion Bank, Toronto $ 4,121 84
Union Bank, Toronto . . 14,676 95
Union Bank, Winnipeg 4,304 66
Total 23,102 9i
Clash in Canadian Homestead Loan and Savings Co 8,000 00
$ 390,704 71
Deduct net debtors and creditors balance 619 17
Total $ 390,085 54
224 DEPARTMENT OF FINANCE— INSURANCE BRANCH
2-3 EDWARD VII., A. 1S03
HOME LIFE ASSOCIATION- CW^mwec^.
%
OTHER ASSETS.
Advances to agents $ 10,406 70
Interest due % 14,970 33
II accrued 5,778 12
Total carried out 20,754 45
Rents due, |2,804.25 and accrued 1593.57 3,397 82.
Office furniture 2,539 36
Net amount of outstanding and deferred premiums : on new business,
113,115.05 ; on renewals, |8,580.33 , 21,695 3S
Total assets | 448,879 25
LUBILITIES.
Amount computed to cover net present value of all policies in force $ 260,986 68
Liability for advance pay policies 4,871 92
Total. .$ 271,858 60
Deduct value of policies reinsured in other companies 1,207 36
*Net reinsurance reserve •$ 270,651 24
Present value of amounts not yet due on matured instalment policies. . 674 89
Claims for death losses, unadjusted V)ut not resisted $ 6,774 29
u M resisted, not in suit (accrued in previous years) .. . 1,777 11
Net amount due on account of claims 8,551 40
Total liabilities „ . % 279,877 53
Surplus on policy-holders' account , I 169,001 72
Capital stock paid up 158,086 70
INCOME.
Gross cash revived for premiums % 93,.S93 80
Premiujn obligations taken in part payment of premiums 8,694 82
Total ....$102,088 62
Deduct premiums paid to other companies for reinsurance , , 1,315 52
Total net premium income % 100,773 10
Received for interest or dividends on stocks, kc 4,613 69
Received for premiums on stock 6,284 14
Total .$ 111,670 93
Received for calls on capital stock and for increased capital 25,142 78
Total income $ 136,813 71
* Based upon the H^^. Table of Mortality, with interest at3i per cent.
LIFE INSURANCE COMPANIES 225
SESSIONAL PAPER No. 8
HOME LIFE ASSOCIATION— Con^mttert.
EXPENDITURE.
Cash paid for death losses $ 28,594 88
Premium obligations used in payment of same . . 4,429 09
Payment on matured instalment policies 50 00
Total, $ 33,073 97
Deduct amount received from other companies for reinsurance 1,000 00
Net amount paid for death claims, • $ 32,073 97
Premium liens cancelled by lapse 6,089 99
Cash paid for surrendered policies 610 62
Total amount paid policy-holders $ 38,774 58
Commissions, salaries and other expenses of officials 57,879 44
Taxes, licenses, fees or fines 1,880 28
Miscellaneous payments, viz. : — Postage, $716.89 ; advertising, $698.86;
printing and stationery, $1,767.83; agency expenses, $3,702.79;
confidential reports, $304.69 ; commission on loans, $72.75 ; sundry
expenses, $244.17 ; express charges, $49.40 ; expenditure on build-
ing, $3,535.39; interest, $948.07; legal expenses, $691.51 ; light-
ing, $38.48 ; office furniture, $402.28 ; medical fees, $4,067.50 ;
rent, $775; investigating claims, $46.05; telephone, $75.60; tele-
grams, $70.64 ; directors' fees, $317.10; lithographs, $8.07; ex-
change, $117.58 ; signs and calendars, $319.32 ' 18,969 97
Total expenditure $ 1 17,504 27
SYNOPSIS OF LEDGER ACCOUNTS.
Amount of net ledger assets at December 31, 1901 $ 370,776 10
Amount of cash income as above 136,813 71
Total $ 507,589 81
Amount of expenditure as above 117,504 27
Balance, net ledger assets at December 31, 1902 $ 390,085 54
PREMIUM NOTE ACCOUNT.
Premium obligations on hand at December 31, 1901 $ 160,316 17
Premium obligations received during the year 8,694 82
Total $ 169,010 99
Deductions during the year, viz.: —
Amount of obligations used in payment of claims % 4,429 09
„ .. voided by lapse 6,089 99
Total deductions 10,519 08
Balance, premium obligations at December 31, 1902 $ 158,491 91
8—15
226 DEPARTMENT OF FINANCE— 1M8UBANCE BRANCH
2-3 EDWARD VII., A. 1903
HOME LIFE ASSOCIATION- -Con^wi^erf.
MISCELLANEOUS.
Number of new policies reported during the year as taken in Canada, 968
Amount of said policies $ 1,216,303 00
Amount of said policies reinsured in other licensed companies in Canada. 22,000 00
Number of policies become claims in Canada during the year 16
Amount of said claims 26,250 00
Amount of said claims reinsured in other licensed companies in Canada. 2,000 00
Number of policies in force in Canada at date 2,553
Amount of said policies $ 3,267,107 00
Amount of said policies reinsured 39,500 00
Net amount in force, December 31, 1902 3,227,607 00
Exhibit of Policies.
Policies in force at December 31, 1901
No. Amount. No. Amount.
Whole life policies 1,255 $ 1,651,389 00
Endowment assurances 178 222,178 00
Advance payment policies 130 142,500 00
Assessment policies 407 505,130 00
All other policies 21 28,000 00
1,991 $ 2,549,197 00
New policies issued : —
Whole life policies 946 $ 1,134,537 00
EndowTnent assurances 171 231,738 00
All other policies. 14 20,000 00
1,131 1,386,275 00
Old policies revived : —
Whole life policies 6 $ 7,500 00
Endowment assurances 4 4,000 00
10 11,500 00
Old, changed and increased 135 165,965 00
Total 3,267 $ 4,112,937 00
Deduct policies terminated 714 845,830 00
Policies outstanding at December 31, 1902 : —
Whole life policies 1,939 $ 2,484,691 00
Endowment assurances 280 370,916 00
Advance payment policies 52 56,000 00
Assessment policies 256 319,500 00
All other policies 26 36,000 00
, Total policies in force at December 31, 1902 2,553 | 3,267,107 00
LIFE INSURANCE COMPANIES
SESSIONAL PAPER No. 8
HOME LIFE ASSOCIATION— ConcZwc^ed
227
DETAILS OF POLICIES WHICH HAVE CEASED TO BE IN FORCE DURING THE YEAR 1902.
No.
Policies terminated by death 16 $
It II surrender 5
II II lapse 412
11 II change and decrease 131
II II not being taken 150
Total terminated 714 !
DETAILS OF POLICIES REINSURED.
No.
Whole life policies 7 :
Endowment assurances 5
Assessment policies 2
Total.. ..: 14
Amount.
26,250 00
6,500 00
471,978 00
171,130 00
169,972 00
845,830 00
Amount.
19,000 00
11,500 00
9,000 00
39,500 00
8— 15j^
DEPARTMENT OF FINANCE-INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
THE IMPERIAL LIFE ASSURANCE COMPANY OF CANADA.
Statement for the Year ending December 31, 1902.
President — Hon. Sir Oliver Mowat, | Secretary and Actuary —
P.C., G.C.M.G. I Thomas Bradshaw, F.I.A
Managing Director atid Chief Agent —
F. G. Cox.
Head Office — Toronto.
(Incorporated, April 23, 1896, by Act 59 Vic, cap. 50. Commenced business
October 1, 1897.)
capital.
Amount of capital authorized and subscribed for
Amount paid up in cash
(For List of Shareholders, see Appendix.)
I 1,000,000 oo
450,000 00
assets as per ledger accounts.
Amount secured by way of loans on real estate, by bond or mortgage,
first liens | 481,600 62^
Amount secured by way of loans on real estate, by bond or mortgage,
second liens 1,500 00'
Amount of loans secured by bonds, stocks or other marketable col-
laterals 4,375 00
Par value. Market value. Amount loaned.
25 shares Bank of Commerce stock .... $ 1,250 00 $ 2,025 00 $ 1,875 00
15 „ „ „ 750 00 1,215 00 1,000 00
21 u „ „ 1,050 00 1,701 00 1,500 00
Totals $ 3,050 00 $ 4,941 00 $ 4,375 00
Amount of loans made to policy-holders on the company's policies
assigned as collaterals, $23,349.67; under automatic non-forfeiture
provision |1, 950.74 , 25,300 41
* Stocks, bonds and debentures owned by the company, viz. : —
Bonds and debentures. Par value. Market value. Ledger value.
City of Kingston debentures $ 125,600 00 $ 139,083 38 $ 139,083 38
Toronto Electric Light Company's
debentures 30,000 00 30,000 00 30,000 00
Central.Canada Loan and Savings
Company debentures , 60,000 00 60,000 00 60,000 00
Town of Collingwood debentures.. 19,800 00 21,530 19 21,530 19
Town of Perth debentures 3,300 00 3,320 42 3,320 42
Nanaimo Gas Co., Ltd., debentures 4,000 00 4,004 45 4,004 45
Bell Telephone Co. bonds 74,000 00 81,558 18 81,558 18
Canadian Northern Railway first
mortgage land grant 100,000 00 97,610 14 97,610 14
Township of St. Vincent debentures 399 73 401 09 401 69
Strathroy debentures 3,228 72 3,349 19 3,349 19
Atlas Loan Co. debentures 2,800 00 2,800 00 2,800 00
Meaford debentures 3,872 50 4,001 80 4,001 80
Sao Paulo Tram. L. & P. Co. de-
bentures 125,000 00 111,873 29 111,873 29
Merritton Village debentures 4,049 96 4,093 03 4,093 03
Total $ 556,050 91 $ 563,625 76 $ 563,625 76
*0f these there are deix)sited with the Receiver General, City of Kingston debentures, .$125,600;
Central Canada Loan and Savings Company's debentures, $60,000 ; Province of Quebec stock, $25,000 ;
and Collingwood debentures, $17,100, and the Perth, Strathroy, Meaford and Merritton debentures.
Total par value, $242,151.18.
LIFE INSURANCE COMPANIES 229
SESSIONAL PAPER No. 8
IMPERIAL LIFE ASSURANCE COMPANY OF CAl^ AD A—Continued.
ASSETS AS PER LEDGER ACCOUNTS — Concluded.
Stocks. Par value. Market value. Ledger value.
Province. of Quebec stock $ 50,000 00 $ 47,000 00 $ 47,000 00
Dominion Bank, 60 shares , . 3,000 00 7,425 00 0,993 75
Bank of Ottawa, 100 shares 10,000 00 22,175 00 20,567 40
British America Assurance Co.,
100 shares 5,000 00 4,950 00 6,375 00
Bank of Commerce, 11 shares 550 00 891 00 872 50
Metropolitan Bank, 1,000 shares. . 100,000 00 200,000 00 200,000 00
National Trust, 100 shares 10,000 00 13,700 00 13,948 43
Total- $ 178,550 00 $ 296,141 00 $ 295,757 08
Total par,market and ledger values $ 734,600 91 $ 859,766 76 $ 859,382 84
Carried out at ledger value $ 859,382 84
Cash at head office and branch offices 383 84
Cash in bank, viz. : —
Canadian Bank of Commerce.. $ 82,189 00
Metropolitan Bank 1,128 80
Union Bank 269 32
Central Canada Loan and Savings Co 15,870 49
Ontario Bank 655 76
Total cash in banks 100,113 37
Amount of loans made on the security of other companies' policies
assigned as collateral 2.002 00
Other company's policy purchased 215 07
Total $ 1,474,873 15
OTHER ASSETS.
Market value of stocks, bonds, debentures, &c., over value in account. . 383 92
Office furniture 9,071 42
Interest due 5,695 43
Interest accrued 10,719 18
Net amount of uncollected and deferred premiums — on new business,
147,912.54; on renewals, $112,121.55 160,034 09
Total assets $ 1,660,777 19
LIABILITIES.
Amount computed to cover the net present value of all policies in
force $ 1,163,273 00
Reserve for life annuities 92,568 00
Reserve for immediate payment of deaths losses, $8,235 ; and
suspended mortality, $19,733. . , 27,968 00
Total , $ 1,283,809 00
Deduct value of policies reinsured in other companies 181,278 00
* Total net reinsurance reserve $ 1,102,531 00
*Based on Institute of Actuaries' H*^ Table of Mortality with interest at 3^ per cent.
230 DEPARTMENT OF FINANCE— INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
IMPERIAL LIFE ASSURANCE COMPANY OF QA^ AD A— Continued.
LIABILITIES — Concluded.
Present value of amounts not yet due on matured instalment policies . . $ 20,788 00
Claims for death losses unadjusted but not resisted ($2,000 of which
accrued previous t o 1902) 7,000 00
Surrender values claimable on policies cancelled, whose reserves are not
included above 121 80
Amount of dividends to stockholders due January 2, 1903 6,750 00
Due on account of general expenses 5,234 51
Premiums paid in advance 766 61
Total liabilities I 1,143,191 92
Surplus on policy-holders' account $ 517,585 27
Capital stock paid up | 450,000 00
INCOME DURING THE YEAR.
Cash received for premiums (new, $120,886. 12; renewal, 1359,372.48). $ 480,258 60
Cash received for annuities 2,067 65
Total % 482,326 25
Deduct premiums paid to other companies for reinsurance 73,049 12
Net premium income I 409,277 13
Received for interest or dividends 71,952 01
Profit on sale of securities 9,226 15
Total income during the year $ 490,455 29
EXPENDITURE.
Cash paid for death losses $ 37,684 20
Payments on matured instalment policies 2,967 90
Net amount paid for death losses ($13,874.80 of which accrued in pre-
vious year) $ 40,652 10
Cash paid for matured endowments 300 00
Cash paid to annuitants 7,242 36
Cash paid for surrendered policies 3,841 41
Total paid to policy-holders I 52,035 87
Cash dividends paid to stockholders 20,250 00
Commissions, salaries and other expenses of officials ... 108,586 50
Taxes, licenses, fees or fines 3,696 55
All other expenditures, viz. : — Advertising, $2,1 12 . 57 ; discount, $3.79 ;
general expenses, $2,403 . 96 ; insurance books and papers, $410.50 ;
office furniture, $1,786.98 ; medical fees, $8,937.63 ; postage,
$1,518.61 ; rent, fuel and light, $4,444.45 ; commission on loans,
$1,360.53; printing and stationery, $5,095.41; legal expenses,
$1,014.35 ; exchange, $468.43 ; loaning expem es, $292.50 ; interest
on bank balances, $267.51 30,117 22
Total expenditure $ 214,686 14
LIFE INSURANCE COMPANIES 231
SESSIONAL PAPER No. 8
IMPERIAL LIFE ASSURANCE COMPANY OF CAEADK—Continued.
SYNOPSIS OF LEDGER ACCOUNTS.
Amount of net ledger assets at December 31, 1901 $ 1,199,104 00
Amount of cash income as above 490,455 29
Total $ 1,689,559 29
Amount of expenditure as above 214,686 14
Balance, net ledger assets at December 31, 1902 $ 1,474,873 15
MISCELLANEOUS.
Number of new policies reported during the year as taken in
Canada 2,394
Amount of said policies I 3,928,124 00
Amount of said policies reinsured in other licensed companies in Canada 151,952 00
Number of policies become claims in Canada during the year 21
Amount of said claims , 38,563 00
Number of policies in force in Canada at date 6,567
Amount of said policies $ 13,384,119 00
Amount of said policies reinsured in other companies 1,743,534 00
Net amount in force at December 31, 1902 11,640,585 00
Number of life annuities in force, December 31, 1902 18
Amount of annual payments thereunder 7,387 16
EXHIBIT OF POLICIES.
No. Amount. No. Amount.
Policies in force at December 31, 1901 : —
Whole life policies 2,822 $6,439,390
Endowment assurances 1,788 3,497,677
All other policies 120 587,764
New policies issued : —
Whole life policies 1,758 S2, 660, 005
Endowment assurances 668 1,160,665
All other policies " 55 256,468
4,730 $10,524,731 00
2,481 4,077,138 00
Old policies revived 12 23,500 00
Old, changed and increased* 23 60,268 00
Total 7,246 $14,685,637 00
Deduct policies terminated 679 1,301,518 00
Policies in force at December 31, 1902 : —
Whole life policies 4,189 8,364,344
Endowment assurances 2,235 4,316,759
All other policies 143 713,016
Total policies in force at December 31, 1902 6,567 $13,384,119 00
232 DEPARTMENT OF FINANCE— INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
IMPERIAL LIFE ASSURANCE COMPANY OF CK^XD A—Concluded.
DETAILS OF POLICIES REINSURED.
Amount.
Whole life policies | 819,964 00
Endowment assurances 531,070 00
All other policies 392,500 00
I 1,743,534 00
DETAILS OF POLICIES WHICH HAVE CEASED TO BE IN FORCE DURING THE YEAR.
No. Amount.
Policies terminated by death 20 | 36,031 00
expiry 1 5,000 00
„ I. maturity 1 2,532 00
„ „ surrender 40 109,614 00
„ ., lapse 349 644,259 00
It II change and decrease ; 23 89,133 00
,1 „ not taken of 1902 issues 87 149,014 00
ti II not taken of issues of previous years. . . 158 265,935 00
Total terminated 679 $1,301,518 00
LIFE INSURANCE COMPANIES 233
SESSIONAL PAPER No. 8
THE LIFE ASSOCIATION OF SCOTLAND.
Statement for the Year ending April 5, 1902.
Manager — John Turnbull Smith, LL.D., | Secretary — John Sharp.
F.F.A. * I
Principal Office — Edinburgh.
Attorney in Canada — Charles M. Holt | Head Office in Canada — Montreal.
(Established, March 23, 1839. Commenced business in Canada, September, 1857.)
CAPITAL.
Amount of capital authorized and subscribed for $ 1,946,666 67
" paid up in cash 425,833 33
assets in CANADA.
Amount secured bv way of loans on real estate, by bond or mortgage,
first liens " I 83,195 83
Amount of loans made to Canadian policy-holders on the association's
policies assigned as collaterals 48,266 31
Credit premium debts on policies in force 42,159 59
Stocks and bonds on deposit with Receiver General viz. : —
Par value.
Canada 4 per cent bonds. . $ 24,333 .33
30,6(50 00
Province of Quebec stock 117,530 00
Canada 4 per cent stock 2,433 33
Total par value $ 174,956 66
Carried out at market value 166,775 78
Cash in Merchants Bank (current account) 7,825 31
Intereat due $ 726 .35
accrued 2,920 67
Total interest 3,647 02
Gross premiums due and uncollected on Canadian policies in force 7,86568
Total assets in Canada $ 359,735 52
liabilities in CANADA.
^Amount estimated to cover the net reserve on all outstanding policies
in Canada % 887,485 40
Claims for death losses— due and unpaid % 17,510 26
Claims for matured endowments — due and unpaid (accrued in previous
years) 97 33
Total unsettled claims 17,607 59
Total liabilities in Canada $ 905,092 99
* Institute of Actuaries H^. Table at 3 per cent for policies, and 3^ per cent for bonuses.
234
DEPARTMENT OF FINANCE— INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
LIFE ASSOCIATION OF SCOTLAND— Co^^m^^ed
INCOME IN CANADA.
Cash received for premiums
New credit premium loans .
Total premium income
Amount received for interest or dividends on stock, &c
Total payments to policy-holders in Canada
Commission, salaries and other expenses of officials in Canada
Taxes, licenses, fees or fines ....
All other expenditure in Canada
MISCELLANEOUS.
24,750 82
155 42
24,906 24
10,390 98
Total income in Canada $ 35,297 22
EXPENDITURE IN CANADA.
Net amount paid for death claims in Canada, including $14,315.28
bonuses, ($17,033.34 of which accrued in previous years)
Net amount paid for endowment claims in Canada (all accrued in pre-
vious years) ,
Total amount paid for death claims and matured endowments
Cash paid for surrendered policies and surrendered bonuses
Cash dividends paid to Canadian policy-holders
Cash dividends applied in payment of premiums in Canada
$
74,949 06
4,866 67
$
79,815 73
11,939 09
212 83
3,499 15
. $
95,466 80
1,321 10
14 13
151 99
Total expenditure in Canada I 96,954 02
Number of policies become claims during the year in Canada 32
Amount of said claims $ 58,643 33
Number of policies in force in Canada at April 5, 1 902 676
Amount of said policies 1,423,604 18
Exhibit of Policies (Canadian Business).
In force at April 5, 1901 : —
No.
Whole life policies 695
Endowments 16
Term and other 9
Bonus additions
Amount. No.
$1,163,068 70
19,342 20
4,161 01
329,035 75
Amount.
720 $
Deduct terminated 44
1,515,607 66
92,003 48
In force at April 5, 1902 : —
Whole life
Endowments
Term and other . .
Bonus additions.
651
16
9
$1,085,380 50
19,342 20
4,161 01
314,720 47
676 $ 1,423,604 18
LIFE INSURANCE COMPANIES 235
SESSIONAL PAPER No. 8
LIFE ASSOCIATION OF SCOTLAND— Co^i^mwed
DETAILS OF POLICIES WHICH HAVE CEASED TO BE IN FORCE.
No. Amount.
Terminated by death 32 $ 58,643 33
" change and decrease 1 2,433 33
" surrender 9 13,204 88
" lapse 2 3,406 66
Bonuses terminated 14,315 28
Total 44 I 92,003 48
General Business Statement for the Year ended April 5, 1902.
The new assurances, completed and paid for, numbered 920 for .£546,110 16s., at
premiums of .£24,634, 9s. lOd. The amount reassured with other offices was £58,800,
the corresponding new premiums being £5,081 15s. lOd.
New life annuities were purchased at the price of £17,911 17s. 6d., comprising
36 immediate annuities of £1,546 lOs., and one reversionary annuity of £1,400. Of
the latter, £1,150 per annum was reassured with other offices at the price of £744 6s.
The total revenue from premiums and interest (exclusive of the purchase money for
annuities) was £572,301 lis. 6d.
The claims by death, including bonuses, amounted to £295,012, and show a very
favourable rate of mortality, the sum payable being considerably smaller than the
average during the previous five years. Exclusive of bonuses, the number and amount
of expected claims by the H.M. Table, as compared with the actual claims, are as
follows : —
Expected Claims. Actual Claims.
778 for £323,714. 674 for £272,434.
Endowment assurances, to the number of 70, for sums assured of £18,148, matured
by survivance of the lives to the fixed period.
The annuities cancelled by death numbered 69, the Association being thereby
relieved of the annual payment ef £3,054, 14s. 8d.
The ratio of expenses to life premium income has, with one exception, been the
lowest for very many years past.
The funds of the Association now amount to £5,187,623, having increased during
the year by £118,117. On a revaluation of the investments as at April 5, 1902, the
reserve set aside last year for depreciation was found to be sufficient. It may be
mentioned that the cash on hand at April 5 last was larger than usual, on account of
investments which had been provided for, but which were not carried out until after
that date. The revenue account and balance sheet are appended.
At April 5, 1902—
30,575 policies were in force, assuring (exclusive of bonuses) £14,670,769 stg.
Total claims paid under life policies amounted to 8,619,276 n
Cash bonuses and bonus additions amounted to 2,225,072 ..
The yearly valuation of policies in class A (old series) having been completed, the
directors regret that the funds of that class will not yet warrant a resumption of the
allocation of any cash bonuses, and accordingly as in the current year, the full premiums
stipulated in the policies will be payable for the year commencing April 6, 1903.
The directors now declare a dividend on the amount of the paid-up capital of the
Association (£87,500) at the same rate as last year, namely, 10 per cent, payable on
November 11 next, under deduction of the interim payment made on May 15 last.
DEPARTMENT OF FINANCE— INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
LIFE ASSOCIATION OF ^COTl.A.'^J) ^Concluded.
Revenue Account for
THE Year ended April 5, 1902.
Amount of funds at the beginning
of the year
Premiums (less reas-
surances) '£380,858 12 2
Consideration for an-
nuities granted
(less reassurances). 17,lfi7 11 4
Interest and divi-
dends 185,442 19 4
Fines for revival of
policies 257 14 0
Pees for recording
assignments 200 15 0
£ s. d. £ 8. d.
Claims under policies i payable on
5,059,505 19 4 death (less reassurances) 295,012 8 1
Claims under policies payable on the
sur vi van ce of the lives 18,148 9 2
Surrenders 24,725 18 7
Annuities (less reassurances) 48,833 7 7
Commission 11,974 12 3
Expenses of management 42,704 17 4
Dividends to shareholders, and in
terest on paid-up capital 8,660 13 6
Cash bonuses to existing policy-
holders 10,854 1 8
Incoine tax 9,297 15 3
589,927 11 10 Income tax on annuities, etc.,
applicable to previous year 1,597 13 0
£ 471,809 16 5
Amount of funds at the end of the
year (as per balance sheet) 5,187,623 14 9
£5,659,433 11 2 £5,659,433 11 2
Balance Sheet on April 5, 1902.
LIABILITIES.
Shareholders' capital, paid up .
Assurance and annuity fund . .
87,500 0
5,100,123 14
Total funds as per revenue account£5,187,623 14
Claims intimated, but not paid .
(Including all deaths to date, whether
formally proved or not.)
Annuities due, but not applied for , .
Reserve for depreciation in invest-
ments
277 16
163,224 6
d. ASSETS. £ s. d.
0 Mortgages on property within the
9 United Kingdom 1,072,514 19 5
— Mortgages on property out of the
9 United Kingdom . . ". 35,095 0 8
52,786 12 5 Loans on the Association policies. 339,581 8 11
Investments —
In British government securities. . 62,842 0 8
8 Colonial government securities. 482,166 12 0
Foreign government securities . 17,088 7 4
6 Colonial municipal securities . . 041,153 3 2
Railway and other debentures
and debenture stocks 919,186 8 5
Railway rent charges, guaran-
teed, and preference stocks. . . 914,457 8 1
House property 65,526 5 11
Annuities 237,850 13 7
Reversions 20,103 19 0
Bank stock 46,403 7 3
Stock of the Association, \inv-
chased under their Act of
Parliament, 16 and 17 Vict.,
c. 224 2,058 10 10
Loans on personal security 863 16 6
Loans on statutory public rates 177,577 1 6
Loans on stocks 27,075 0 0
Stamps 41 8 3
Outstanding premiums (since re-
ceived) 85,151 4 11
Outstanding interest, and in course
of collection... 1,558 5 6
Interestaccrued, but not yet payable 57,146 17 11
Deposits with colonial banks 62,568 3 9
Cash in bank —
On deposit and on current account 135,302 6 9
£5,403,912 10 4 £5,403,912 10 4
LIFE INSURANCE COMPANIES 237
SESSIONAL PAPER No. 8
THE LIVERPOOL AND LONDON AND GLOBE INSURANCE COMPANY.
Statement for the Year ending December 31, 1902v.
President — Richard Hobson. | Gen. Manager and Secretary — J. M. Dove.
Principal Office — Livrrpool, England.
Chief Agent in Canada — G. F. C. Smith. | Head Office in Canada — Montreal.
(Organized, May 21, 1836. Incorporated, July 14, 1836. Commenced business in
Canada, June 4, 1851.)
(For Capital and Assets in Canada, see Fire Statement.)
LUBILITIES in CANADA.
Amount estimated to cover the net reserve on all outstanding policies
in Canada | 100,000 00
Total net liabilities to policy-holders in Canada $ 100,000 00
income IN CANADA.
Cash received for premiums ... $ 4,739 56
Total income $ 4,739 56
expenditure in CANADA.
Cash paid for death claims, including $1,194. 10 bonus additions .$ 3,194 10
Amount paid to annuitants 465 36
Cash paid for surrendered bonus 1 20 25
Total payments made to policy-holders in Canada .$ 3,779 71
Paid for commission, etc > 87 39
Taxes, licenses, fees or fines 50 29
Sundry expenditure : — Postage, $60.50 ; exchange, $2.88 ; law charges,
$5.00 68 38
Total expenditure in Canada $ 3,985 77
238
DEPARTMENT OF FINANCE- INlSMRANCE BRANCH
2-3 EDWARD VII., A. 1903
LIVERPOOL AND LONDON AND GJuO'h^— Continued.
MISCELLANEOUS.
Number of policies become claims in Canada during the year 1
Amount of paid policies
Number of policies in force in Canada at date 109
Amount of said i)olicies $ 146,890 97
Bonus additions thereon 33,373 78
Total net amount in force at December 31, 1902
Number of life annuities in force in Canada
Amount of annual payments thereunder . . .
$ 1,617 60
180,264 75
465 35
Exhibit of Policies (Canadian business).
In force at beginning of year : —
No. Amount. No. Amount.
Whole life policies 105 $135,212 97
Endowments 5 12,678 00
Bonus additions 34,095 64
110 $ 181,986 61
Interim bonuses added.. 58 70
110 S 182,045 31
Deduct terminated 1 1,780 56
In force at end of year : —
Whole life 104 $134,212 97
Endowments 5 12,678 00
Bonus additions 33,373 78
109 I 180,264 75
DETAILS OF TERMINATIONS.
No. Amount.
Terminated by death * , 1 | 1,617 60
II surrender 162 96
Total 1 I 1,780 56
LIFE INSURANCE COMPANIES
SESSIONAL PAPER No. 8
LIVERPOOL AND LONDON AND GLOBE— C^on^z/med
239
General Business Statement for the Year ending December 31, 1902.
LIFE ASSURANCE— REVENUE ACCOUNT.
Liverpool and London and Globe Fund.
Amount of life as-
surance fund at
the beginning of
the year £3,668,535 2 6
Premiums after de-
duction of reassur-
ance premiums. . . . 235,710 10 11
Interest and divi-
dends 137,242 12 4
Assignment fees 90 15 0
Globe Fund.
Amount of life assur-
ance fund at the
beginning of the
year £162,605 6
Premiums, after de-
duction of re-assur-
ance premiums ... . 3,946 5
Interest and divi-
dends 5,693 7
Assignment fees .... 20
Fines .. 3 0
Liverpool and London and Globe Fund.
Claims under life
policies, including
those admitted but
not paid (after de-
ducting sums re-
assured £ 305,283 9 1
Surrenders 30,804 17 0
Commis-
sion .£ 9,466 16 3
Expen-
ses of
man-
age-
ment. 11,875 1 9
Medical
fees... 1,049 7 1
Stamps. 1,179 16 0
s. d.
23,571 1 1
£4,041,661 5 10
Amount of the fund
at the end of the
year, as in balance
sheet 3,682,(;01 18
Globe Fund.
£4,041,661 5 10
Claims under life
policies, including
those admitted but
not paid (after de-
ducting sums re-
d) £ 17,968 10
147 3
Surrenders
Commis-
sion.. .£
Expen-
ses of
m an-
age-
ment .
81 12 9
312 19 9
394 12 6
172,249 19 2
£4,213,911 5 0
Amount of fund at
the end of the vear,
as in balance sKeet. 153,739 13 8
172,249 19 2
£4,213,911 5 0
240 DEPA R TMENT OF FINANCE— INS URA NGE BRA NCH
2-3 EDWARD VII., A. 1903
LIVERPOOL AND LONDON AND Ql.OB^- -Concluded.
ANNUITY ACCOUNT.
Liverpool and London and Globe Fund. Liverpool and London and Globe Fund.
£ 8. d. £ 8. d.
Amount of fund at Annuities paid, after
the beginning of deduction of re-
the year £ 1, 728, 794 9 4 assurances £199,972 5 6
Consideration for Surrender 1,998 10 10
annuities granted Commission 1,643 14 3
after deduction Expenses of manage-
of reassurances. . 104,371 8 10 ment 6,355 3 7
Interest and divi- Amount of fund at
dends 62,496 5 6 .the end of the year,
Assignment fees . . 0 10 0 as in balance sheetl,745,692 19 6
£1,955,662 13 8 £1,955,662 13 8
Globe Fund. Globe Fund.
Amount of fund at Annuities paid £ 589 7 4
the beginning of Expenses of manage-
the year £ 2,587 15 5 ment 23 11 6
Interest and divi- Amount of fund at
dends 83 15 2 the end of the year,
2,67110 7 as in balance sheet 2,058 11 9
2,671 10 7
£1,958,334 4 3 £1,958,334 4 3
(For Balance Sheet, see Fire Statement.)
LIFE INSURANCE COMPANIES
241
SESSIONAL PAPER No. 8
LONDON AND LANCASHIRE LIFE ASSURANCE COMPANY.
Statement for the Year ending December 31, 1902.
President — Sir Nigel Kingscote, K.C.B. | Secretary— y\fi\.hi am Palin Clirehugh.
Principal Office — London, England.
Chief Agent in Canada, — B. Hal Brown | Head Office in Canada — Montreal.
(Established, August 4, 1862. Commenced business in Canada, 1863.)
CAPITAL.
Amount of joint stock capital authorized and subscribed for £ 100,000 0 0
Amount paid up in cash £ 10,000 0 0
Proprietors' share of profits added 10,000 0 0
20,000 0 0
assets in CANADA.
Value of real estate in Canada held by trustees in accordance with the
Insurance Act (company's office building in Montreal)
Other real estate held by the company ...
Mortgages on real estate in Canada, held by trustees in accordance
with the Act
Amount of loans in Canada secured by bonds, stocks or other market-
able collaterals
Amount of lo-ins made to Canadian policy-holders on the company's
policies assigned as collateral
210,000 00
21,993 43
929,451 97
75,000 00
154,318 00
Stocks and bonds owned by the company, in deposit with the Receiver
General : — *
Par value. Market value. Book value.
Provinceof New Brunswick bonds $ 40,000 00 % 45,000 00 .$ 42,9IG 00
Montreal Protestant sclrool deben-
tures
Montreal R.C. school debentures.
Montreal stock
City of Hamilton debentures
Town of Yarmouth debentures. . .
Town of Collingwood debentures.
City of St, .John debentures. ....
Totals
3,000 00
4,000 00
20,000 00
15,000 00
4,000 00
3,000 00
40,000 00
3,300 00
4,3.% 00
21,800 00
16,950 00
4,000 00
3,120 00
40.400 00
3,207 75
4,231 GO
20,330 00
15,928 50
4,000 00
.3,o(;(; (10
38,340 00
. $ 129,000 00 ^ 138,900 00 $ 132,020 45
Total deposited with Receiver General, carried out at book value ,
8—16
132,020 45
242 DEPARTMENT OF FIN AXCE— INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
LONDON AND LANCASHIRE LIFE— CW^mwed
ASSETS IN CANADA — Contiyiued.
Held by trustees in accordance with the Insurance Act —
Par value. Market value. Book value.
Town of Brampton $15,508 08 $ 10, (ill 83 S 14,09907
City of Montreal Harbour bonds 54,000 00 58,040 00 54,823 48
school debentures 8,000 00 8,500 00 8,308 40
City of Ottawa R.C. school debentures. 20,000 00 20,950 00 20,805 35
Town of Valleyfield 5,000 00 5,075 00 5,343 00
St. Louis school 14,000 00 10,098 00 15,982 40
Tilsonburg 5,000 00 .5,312 50 5,179.50
Ingersoll 30,500 00 32,558 75 31,594 95
Port Hope 10,000 00 10,000 00 9,480 00
Wingham 8,500 00 9,328 75 8,730 00
Welland 10,000 00 17,C80 00 10,^^24 80
„ Dartmouth 5,000 00 5,000 00 5,000 00
Penetanguishene 10,000 00 10,8.50 00 10,724 00
Village of Wiarton Waterworks 10,500 00 10,841 25 10,553 55
St. Louis du Mile End 20,000 00 20,000 00 2u,000 00
Commercial Cable Company 47,000 00 46,295 00 45,8(0 00
Canada Central Railway , . . . 3,893 33 4,311 80 4,281 92
Ste. Anne de la Perade 15,000 00 15,450 00 15,408 00
City of N"ew Westminster 27,500 00 27,500 00 28,507 50
Victoria 25,000 00 27,250 00 25,000 (jO
Brandon ... 25,000 00 25,000 00 25,292 .50
Protestant school 0,000 00 0,000 CO 6,088 20
Belleville 40,000 00 42,402 50 40,445 50
Town of Beauharnois 10,0i:0 00 17,180 00 10, .^89 00
Township of Bcxley 7,000 00 7,192 50 7, 130 50
Town of Goderich 5,000 00 5,212 50 5,148 50
Sauk Ste. Marie 13,800 00 14,.558 00 14,010 10
Lake Chamy)lain and St. Lawrence Jvinc-
tion Railway bonds 8,000 00 7,040 00 8,063 20
Town of Fort William 10,000 00 10,403 00 10,102 00
City of Winnipeg 15,000 00 16,837 50 15,750 00
Quebec City 9,733 33 10,530 33 10,083 73
Town of Sydney 10,000 00 10,350 00 10,240 00
City of Halifax 15,000 00 15.525 00 15,000 00
Victoria Rolling Stock Co 98,000 00 98,000 00 90,185 00
Winnipeg Electric Street Railway bonds 25,000 00 27,500 0) 25,900 00.
Montana Central Railway bonds 31,000 00 40,220 00 38,753 50
Windsor Hotel. Montreal 50,000 00 50,000 00 50,200 00
London Street Railway, London, Ont. . 25,000 00 27,375 00 20,757 50
City of Montreal ijermanent stock 17,100 00 32,832 00 20,00u 00
stock 60,000 00 71,315 00 66,192 06
Village of Arnprior 4,298 90 4,363 44 4,328 78
Township of Dundee 9,631 20 8,404 00 8,279 42
Town of Meaford 6,223 66 6,410 37 (5,318 92
Town of Napanee 3,111 00 3,212 11 3,159 52
Town of Calgary , 3,600 00 3,753 00 3,710 92
County of Renfrew 11,473 78 11,045 89 11,551 00
Calgary Protestant school 3, .300 00 3,539 25 3,3i)9 54
Town of Lunenhurg 6,250 00 6,312 50 6,340 48
Town of Gravenhurst 7,942 91 8,300 34 8,270 04
Town of Toronto Junction .30,000 00 20,100 00 30,000 0<)
Town of Mattawa 9,920 33 10,422 (»4 10,073 19
Parish of St. Gregoire la Thaumaturge. 2,000 00 2.030 00 2,034 80
Northern Pacific and Great Northern
Railway bonds 100,000 00 96,000 00 90,000 92
Montreal Light, Heat and Power Co. . . 50,000 00 51,250 00 50,745 00
Street Railway .50,000 00 52,500 00 52,829 34
St. Louis Iron Mt. & South Railway ... 20, 00 00 22,0:i0 00 2.3,125 01
Denver & Rio (irande Railway 20,000 00 22,000 00 21,711 40
Totals $1,180,793 18 $1,238,552 81 $1,214,749 S9
Total held by trustees in accordance with the Act, carried out at book
value I 1,214,749 89
LIFE INSURANCE COMPANIES 243
SESSIONAL PAPER No. 8
LONDON AND LANCASHIRE lAF^E.— Continued.
ASSETS IN CANADA — Concluded.
Held by the company : —
Par value. Market value. Book value.
Province of Quebec stock 8 35,725 00 $ 32,152 50 § 30,282 52
Village of Midland - 1,000 00 1,022 50 1,025 43
Town of Meaford 276 CO 276 00 278 66
Paris 2,032 00 2,072 64 2,069 39
Town of Cornwall 15,263 81 11 ,516 00 11,665 68
Citv of Montreal Investment Trust . . 25.000 00 27,700 CO 27,700 00
Town of St. Lcuis bonds 45,000 00 43,987 50 43,987 50
Totals ^124,296 81 $118,727 14 ^117,009 18
Total held by the company carried out at book value % 117,009 18
Cash at head office in Canada 392 58
Cash in Bank of Montreal, current account 25,840 35
Agents' ledger balances 308 23
Interest accrued 32,891 12
Rents accrued 1,227 71
Gross premiums due and uncollected on Canadian policies in force $ 73,965 56
Gross deferred premiiams on same 24,140 60
Total outstanding and deferred premiums % 98,106 16
Deduct cost of collection at 20 per cent . 19,621 23
Net oustanding and deferred premiums 78,484 93
Market value of debentures over book value. 32,400 43
Advances to agents $ 3,525 10
Office furniture , 1,340 00
$ 4,865 10
Deduct notes in suit, $286 . 55 ; suspense, $2,757 . 86 3,044 41
1,820 69
Total assets in, Canada $ 3,027,908 96
LIABILITIES IN CANADA.,
Under jyolicies issued previous to March SI, 1878.
*Net reinsurance reserve % 152,986 00
Claims for matured endowments — unadjusted but not resisted 1,720 00
Total liability in respect of said policies f 154,706 00
Under policies issued subsequent to March 31, 1878.
"^Net reinsurance reserve % 2,064,241 00
Claims for death losses— unadjusted but not resisted $ 10,000 00
10,000 00
Surrender values claimable on policies cancelled (reserves not included
above) 1,422 54
Due on account of general expenses in Canada 3,970 86
Total liabilities in respect of said policies % 2,079,634 40
Total liabilities in Canada $ 2,234,340 40
* Based on the Institute of Actuaries' H^. Table of Mortality, with 4^ per cent interest for policies
issiied previous to Jan. 1, 1900, and 3^ |>er cent for those issued since that date. Computed by the Depart-
ment .
8-1 6 J
244 . DEPARTMENT OF FINANCE— INiiURANOE BRANCH
2-3 EDWAAd VII., A. 1903
LONDON AND LANCASHIRE lAY^S.- Continued,
INCOME IN CANADA.
Cash received for premiums {$ 315,615 01)
Premiums paid by dividends 5,086 27
Total premium income (new, $38,066.86; renewal, |282,634.50) t 320,701 36
Deduct premiums paid to other companies for reinsurance 7,228 95
Net premium income ^ f 313,472 41
Interest or dividends on stock, ko, , 1 1 1,782 30
Amount received for rents 7,534 98
Profit on sale of bonds 1,581 80
Total income in Canada % 434,371 49*
EXPENDITURE IN CANADA.
Cash paid for death losses in Canada .$ 112,379 17
Deduct atuount received from other connpanies for reinsurance. 24,000 00
Net amount paid for said losses . . , % 88,379 17
Cash paid for matured endowments .$ 46,940 41
Deduct amount received from other companies for reinsured endowment
claims 5,750 00
Net amount paid for said claims § 41,190 41
Total paid for death claims and matured endowments in Canada $ 129,569 58
Cash paid for surrendered policies 10,306 87
Cash dividends applied in payment of premiums 5,086 27
Total net amount paid to policy-holders in Canada. . f 144,962 72
Commission, salaries and other expenses of officials . .■ 54,882 97
Taxes, licenses, fees or fines 4,049 54
All other expenditure, viz.: — Me^lical fees, $2,257 ; postage, &c., $936.73 ;
advertising, $1,321 . 41 ; rent, $2,259.50 ; express, $84.99; ex-
change, $240.80; general expenses, $361.86; office supplies,
$993 . 30 ; agency supplies, $702 . 43 ; guarantees, $55 ; petty ex-
penses, $182.75 ; furniture, $84.50 : 9,480 27
Total expenditure in Canada $ 213,375 50-
MISCELLANEOUS.
Number of new policies reported during the year as taken in Canada.. 542
Amount of said policies $ 876,427 50
Amount of said policies reinsured in other licensed companies in Canada 15,000 00
Number of policies become claims in Canada during the year 86
Amount of said claims (including bonuses) 163,597 08
Amount of said claims reinsured in other licensed companies in Canada 29,750 00'
Number of policies in force in Canada at date 5,716
Amount of said policies $ 9,337,131 59
Bonus additions the'eon 112,382 .58
.$ 9,449,514 17
Deduct amount of said iiolicies r<-insured in other licensed companies in
Canada (inchuling bonus additions, .$2,105.87) 190,008 07
Net amount in force at December 31, 1902 9,258,845 50
LIFE INSURANCE COMPANIES 245
SESSIONAL PAPER No. 8
LONDON AND LANCASHIRE lA¥^~Continued.
EXHIBIT OF POLICIES (CANADIAN BUSINESS).
In force at beginning of year : —
No. Amount. No. Amount.
Whole life policies 1,925 $ 3,223,050 00
Endowments. , 3,401 5,498,878 25
Term and all other 143 388,361 00
Bonus additions 115,113 75
■ 5,469 $ 9,225,403 00
New policies issued : —
Whole life policies 257 $ 427,346 00
Endowments 424 577,940 00
Term and all other 18 .36,500 00
Bonus additions 1,141 50
— 699 1,042,927 50
Old policies revived 11 34,000 00
Total 6,179 | 10,302,330 50
Deduct terminations 463 852,816 33
In force at end of year : —
Whole life policies 1,963 $ 3,294,236 00
Endowments .3,614 5,671,334 59
Term and all other , 139 371,56100
Bonus additions 1 12,382 58
— 5,716 I 9,449,514 17
DETAILS OF TERMINATIONS.
No. Amount.
Terminated by death 50 $ 1 15,336 67
maturity 36 48,260 41
M surrender .58 76,963 75
M lapse 196 401,305 50
II change and decrease ... 12 44,450 00
Policies not taken Ill 166,500 00
Total (including $3,872.67 surrendered bonuses). . . 463 $ 852,816 33
DETAILS OF POLICIES REINSURED.
No. Amount.
Whole life 25 $ 110,323 00
Endowment 21 70,045 67
All other 2 10,300 00
Bonus additions . .2,165 87
48 $ 192,834 54
Details of Policies issued prior to Slst March, 1878, and bonus additions thereon.
No. Amount.
Policies in force at beginning of year in Canada (including
S14,063 . 25 bonus additions) 599 $ 209,279 25
Policies revived during the year 1 500 00
Policies terminated during the year (including $946 bonus
additions) . . 14 16,661 00
Policies in force at date of statement (including $13,122.25
bonus additions) 586 193,118 25
246
DEPARTMENT OF FINANCE -INSURANCE BRANCH
2-3 LDWARD VII., A. 1903
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DEPARTMENT OF FINANCE-INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
THE LONDON ASSURANCE.
Statement for the Year ending December 31, 1902.
Governor— T^low A.nY> Gilliat. | Manager — James Clunks.
Princijyal Office — No. 7 Royal Exchange, London, E.C.
Joint Managers in Canada — Head Office in Canada — Montreal.
W. Kennedy and W. J. B. Colley.
(Incorporated, June 22, 1720. Commenced business in Canada, March 1, 1862.)
(For Cajyital and Assets in Canada, see Fire Statement.)
liabilities in CANADA.
■^Amount computed to cover the net reserve on all outstanding policies
in Canada I 12,293 00
Reserves on bonus additions 4, 11 5 00
Total net liability to policy-holders in Canada $ 16,408 00
income in CANADA.
Amount of premiums received in cash during the year on life policies
in Canada * $ 1,108 44
EXPENDITURE IN CANADA.
Paid for commission in Canada I 2 81
Total expenditure in Canada $ 281
miscellaneous.
Number of policies become claims in Canada during the year .... None.
Number of policies in force in Canada at date (whole life) 7
Amount of said policies $ 27,253 33
Bonus additions 5,932 71
Total amount in force at December 31, 1902 | 33,186 04
*Based on the Institute of Actuaries H^i. Table A\ per cent interest. Con^puted by the Department.
LIFE INSURANCE COMPANIES 249
SESSIONAL PAPER No. 8
LONDON" ASSURANCE— CoTi^irmed
General Business Statement for the Year ending December 31, 1902.
LIFE department.
During the past year new assurances were granted under 543 policies for £368,584,
the premiums on which amounted to £13,294 9s 6d. Of this sum £77,500 has been
reinsured at premiums of £2,362 10s. 5d.
The premium income of the year after deduction of reassurances, amounted to
£163,322 Os. 9d., and the total income from all sources amounted to £243,001 lis. lOd.
Claims have arisen by the death of 139 persons assured under 186 policies for
£177,107 14s. Od., including bonus additions, and 14 endowment assurances for the
aggregate sum of £8,928 lis. Od. have matured.
The total funds of the department on the 31st December 1902, amounted to
£2,152,103 Is. 2d.
250
DEPARTMENT OF FINANCE— INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
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LIFE INSURANCE COMPANIES
SESSIONAL PAPER No. 8
THE LONDON LIFE INSURANCE COMPANY.
Statement for the Year ending December 31, 1902.
President — John McClary, | Manager — J. G. Richter.
Head Office — London, Ont.
(Incorporated by Act of the Legislature of Ontario, 37 Vic, cap. 85, in 1874. Charter
extended by Dominion Act, 47 Vic, cap. 89, in 1884. Amended in 1885 by 48-49
Vic, cap. 94, and in 1891 by 54-55 Vic, cap. 117. Commenced business in Canada,
July, 1874. Dominion license issued, December 7, 1885.)
capital.
Amount of joint stock capital authorized % 1,000,000 00
n .1 subscribed for 250,000 00
It •! paid up in cash 50,000 00
(For List of Stockholders, see Appendix.)
assets as. per ledger accounts.
Balance on mortgaged property sold under agreement $ 5,637 10
Amount secured by way of loans on real estate, by bond or mortgage,
first liens 1,007,798 24
Amount of loans secured by bonds, stocks or other marketable collate-
rals 11,800 00
Par Market Amount
value. value. loaned.
10 shares Agricultural Savings and
Loan Co .$ 500 00 -S 590 00 % 400 00
990 shares Ontario Loan and Debenture
Co 18,700 00 22,165 00 11,400 00
.$ 19,200 00 $ 22,755 00 $ 11,800 00
Amount of loans as above on which interest has been overdue for one
year or more previous to statement $ 13,249 30
Amount of loans made to policy-holders on the company's policies
assigned as collateral .... 60,810 30
Stocks and bonds owned by the company, viz. : —
Par Market Ledger
value. value. value.
1,000 shares Ontario Loan and Deben-
ture Co. stock .$ 50,000 00 ^ 60,500 00 § 59,250 00
1,000 shares Ontario Loan and Debenture
Co. 20 per cent stock 10,000 00 11,500 00 11,000 00
25 shares Dominion Savings and Invest-
ment Society st(x;k ... ; . . . 1,250 00 875 00 856 00
100 shares Canadian Savings and Loan
Co. stock. 5,000 00 6,000 00 5,650 00
52 shares A.gricultural Savings and Loan
Co. stock 2,600 00 3,068 00 2,964 00
32 shares Huron and Erie Loan and Sav-
ings Co. stock 1,600 00 2,880 00 2,560 00
16 shares Huron and Erie Loan and Sav-
ings Co. 20 per cent stock 160 00 272 00 240 00
City of Winnipeg school debentures 15,000 00 15,000 00 15,000 00
City of London debentures 45,300 00 45,300 00 45,300 00
Cardiff Township debentures ,336 15 336 15 336 15
Total $131,246 15 .$145,731 15 .1i;i43,156 15
(Of the above, .S15,000 City of Winnipeg school debentures and .$45,000 City of London debentures
are in de^xjsit with the Receiver General. )
252 DEPARTMENT OF FINANCE— INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
LONDON LIFE INSURANCE COMVA-^Y— Continued.
Ass^:TS — Conchided.
Carried out at ledger value % 143,156 15
Cash at head office 3,223 41
Money advanced in connection with loans in process of going through . 5,076 40
Total I 1,237,501 60
OTHER ASSETS.
Interest due % 10,1G0 50
Interest accrued 24,725 43
Total interest 34,886 02
Net amount of uncollected and deferred premiums on new business,
$2,733.92; on renewals, $3,169.78. .. . 29,676 24
Total assets $ 1,302,063 86
LIABILITIES.
tAmount computed to cover the net present value of all policies in force. .% 1,163,678 58
Reserve for reversionary additions and premium reductions 57 63
Total. S 1,163,736 21
Deduct value of policies reinsured in other companies 3,315 00
Net reinsurance reserve $ 1,160,421 21
Claims for death losses unadjusted but not resisted (of which $3,000
accrued in previous year) 10,770 30
Amount of dividends or bonuses to policy-holders due and accrued .... 15,219 51
Amount of dividends to stockholders due and unpaid 2,000 00
Contingent fund and special reserve fund 9,643 00
Advance premiums (net) 414 36
Proprietors' account 282 21
Overdraft at bank 13,222 63
Total liabilities $ 1,211,973 22
Surplus on policy-holders' account $ 90,090 64
Capital stock paid up 50,000 00
INCOME DURING THE YEAR.
Cash received for premiums, ordinary, $85,968.21 ; industrial,
$201,168.34 $ 287,136 55
Premiums paid by dividends 5,049 41
Total $ 292,185 96
Deduct premiums paid to other companies for reinsurance ; . . . . 283 30
Net premium income (ordinary, new, $18,138.13 ; renewal, $72,879.49) $ 291,902 ^^
Amount received for interest or dividends on stock, etc 63,200 45
Total income $ 355,103 1 1
fReserve based on Institute of Actuaries' Hm. Table, with interest at 4 per cent for ordinary policies
issued up to the 31st December, 1899, and with interest at 3^ per cent for ordinary policies issued since that
date ; for industrial policies issued up to the 31st December, 1899, the Combined Experience Table with
interest at 4 per cent, and for industrial policies issued since that date, Farr's English Table No. 3, with
interest at 3 per cent.
LIFE IXSURAXCE COMPANIES 253
SESSIONAL PAPER No. 8
LONDON LIFE INSURANCE COMV A^Y— Go^itinued.
EXPENDITURE DURING THE YEAR.
Cash paid for death losses, ordinary, $24,136.93 ; industrial, |38,802.79
(of this amount, $2,264.41 accrued in 1901) $ 62,939 72
Cash paid for matured endowments 5,960 00
Cash paid for surrendered policies , 1,370 84
Cash dividends applied in payment of premiums, or paid to policy-
holders 5,049 41
Total paid to policy holders $ 75,319 97
Cash paid to stockholders for interest or dividends 4,000 00
Cash paid for commissions, salaries and other expenses of officials 91,845 31
Taxes, etc 3,194 51
Miscellaneous payments, viz.: — Medical examination fees, $3,736.25 ;
travelling expenses, $5,797.20; postage and exchange, $809.10;
printing and stationery, $3,683. 10 ; advertising, $498.27 ; rents,
$3,247 ; sundries, $2,138.50 ; commission on investments, $2,071.80;
legal expenses, $703.65 ; office furniture, $549.30 23,234 17
Total expenditure , . . : $ 197,593 96
SYNOPSIS OF LEDGER ACCOUNTS.
Amount of net ledger assets at Dec. 31, 1901 $ 1,066,769 82
Amount of income as above 355,103 1 1
Overdrawn bank account. , . . 13,222 6S
Total $ 1,435,095 5&
Amount of expenditure as above 197,593 96
Balance, net ledger assets at Dec. 31, 1902 $ 1,237,501 60
MISCELLANEOUS.
Number of new policies reported during the year as taken, increased
and revived in Canada — ordinary, 729 ; industrial, 10,955 . . 11,684
Amount of said policies — ordinary $676,180 00
M It industrial 915,051 80
Total $ 1,-591,231 80
Number of policies become claims (including matured endowments) dur-
ing the year — ordinary, 40 ; industrial, 541.. ' 5gl
Amount of said claims — ordinary $ 34,981 52
,. industrial 43,336 60
Total 78,318 12
Number of policies in force in Canada at date — ordinary, 3,419 ;
industrial, 45,638 , 49,057
Amount of said jjolicies— ordinary .$2,977,889 62
iniustrial 3,868,82160
Total .1^6,846,711 22
Bonus additions thereon 123 15
Total $ 6;840,834 37
Amount of said policies reinsured in other licensed companies in
Canada 19,000 00
Net amount in force, December 31, 1902 6,827,834 37
254 DEPARTMEXT OF FINANCE -IXSURANGE BRANCH
2-3 EDWARD Vli., A. 1903
LONDON LIFE INSURANCE COUVA^Y— Continued.
Exhibit of Policies.
ordinary policiks.
Policies in force Dec. 31, 1901 :—
No. Amount. No. Amount.
Whole life ix)licies 1,269 $1,031,688 79
Endowment assurances , 1,785 1,48.5,502 68
All other policies 239 312,500 00
Bonus additions 92 00
3,293 $2,829,873 47
New policies issued : —
Whole life policies 194 154,650 00
Endowment assurances 482 438,925 00
All other i^olicies 45 76,000 00
721 669,575 00
Old policies revived 8 6,605 00
Old, changed and increased 6 6,520 00
Bonus additions increased 31 15
Total 4,028 S3,512,604 62
Deduct policies terminated 609 534,591 85
Ordinary policies in force at Dec. 31, 1902 : —
No. Amount.
Whole life policies 1,287 $ 1,037,093 06
Endowment assurances 1,939 1,673,796 56
All other policies 193 267,000 00
Bonus additions 123 15
3 419 $2,978,012 77
DETAILS OF ORDINARY POLICIES WHICH HAVE CEASED TO BE IN FORCE.
N(j. Amount.
Policies terminated by death 30 % 29,161 23
maturity 10 5,960 00
expiry 1 5,000 00
suirender 14 12,550 00
lapse ^ 497 394,758 50
" " change and decrease 6 17,162 12
" " by not being taken 51 70,000 00
609 $534,591 85
LIFE IXS URA NCE COM PA XIES 255
SESSIONAL PAPER No. 8
LONDON LIFE INSURANCE COMT A^Y— Contiiiued.
INDUSTRIAL POLICIES.
Policies in force at Dec. 31, 1901 : —
No. Amount. No. Amount.
Whole life policies 17,385 § 1,715,9^6 50
Endowment assurances 25,271 1,941,477 25
All other policies 688 16,316 40
43,294 13,673,760 15
New policies issued : —
Whole life 4,940 6 521,391 80
Endowment assurances .5,960 388,944 50
10,900 910,336 30
Old policies revived.. 55 4,715 50
Old, changed and increased. 93 29,592 95
Total 54,342 $4,618,404 90
Deduct policies terminated 8,704 749,583 30
Policies in force at Dec. 31, 1902 : —
Whole life policies 18,524 $ 1,864,887 00
Endowment assurances . . 26,339 1,985,468 45
All other policies .... 775 18,466 15
Total industrial policies in force at Dec. 31, 1902 45,638 |3,868,821 60
DETAILS OF INDUSTRIAL POLICIES WHICH HAVE CEASED TO BE IN FORCE DURING THE
YEAR 1902.
No. Amount.
Policies terminated by death 538 $ 42,715 30
" " surrender 93 21,057 40
lapse 8,073 685,810 60
Total terminated 8,704 $ 749,583 30
Industrial Policies — Number of lives and amounts assured at Dec. 31, 1902, at ages
grouped as under : —
5 years and under — No. of policies, 3,502 ; amount insured $ 114,542 20
6 to 10 years inclusive — No. of policies, 6,224; amount insured 397,423 60
Industrial Policies — Number and amount of claims paid during 1902, at ages grouped
as under :—
SJyears and under — No. of lives, 46 ; amount paid f 1,235 00
6 to 10 years inclusive — No. cf lives, 36; amount paid ■ 1,533 00
256 DEPARTMENT OF FINANCE-INSURASfCE BRANCH
2-3 EDWARD VII., A. 1903
* THE MANUFACTURERS' LIFE INSURANCE COMPANY.
Statement for the Year ending December 31, 1902.
President — Hon. Geo. W. Ross.
Assistant Secretary — L. A. Winter.
Managing Director and Chief Agent —
James F. Junkin.
Principal Office — ^Toronto, Ontario.
CAPITAL.
Amount of joint stock capital authorized $ 3,000,000 00
Amount subscribed for 1,500,000 00
Amount paid in cash 300,000 00
(For List of Shareholders, see Appendix.)
assets as per ledger accounts.
Value of real estate held by the company (less encumbrances) ... $ 46,229 80
Amount secured by way of loans on real estate, by bond or mortgage,
first liens 971,470 68
The same ; second liens 507 73
Amount of loans secured by bonds, stocks or other marketable collate-
rals 257,800 00
Par Market Amount
value. value. loaned.
Winnipeg Street Railway Co. stock $ 31,200 00 $ 54,600 00 $ 28,000 00
Sao Paulo Tramway Light and Power Co.,
1st mortgage bonds 219,000 00 197,100 00 175,000 00
Sao Paulo Tramway Light and Power Co. ,
1st mortgage bonds 43,000 00 38,700 00 33,700 00
Metropolitan Railway Co, stock . . 12,000 00 12,000 00 10,000 00
Sovereign Bank of Canada, capital stock. . . 2,000 00 2,500 00^
Confederation Life Association policies, Nos. > 2,500 00
28821 and 29545 845 <>0 585 00 j
West End Theatre Co., 1st mortgage bonds. 9,476 85 9,476 85 8,600 00
$317,522 45 .$314,961 85 $257,800 00
Amount of loans as above on which interest has been overdue for one
year or more previous to statement $20,250
Amount of loans made to policy-holders on the company's policies
assigned as collaterals 315,503 17
Policy loans under non-forfeiture agreement , 13,266 66
*By an Act of the Parliament of Canada, assented to on the 23rd day of May, 1901, being chapter
105 of the Statutes of 1901, the Manufacturers and Temperance and General Life Assurance Company was
incorporated, with j>ower to acquire and purchase from the Manufacturers Life Insurance Company (in-
corporated June 23, 1887, by 50-51 Vic, cap. 104) and the Temperance and (xenenil Life Assurance Com-
pany of North America (incorporated April 19, 18S4, by 47 Vic, c t p. 97), their respective entire assets,
business properties, name and good-will, upon the terms of the proposed agreement set out in the schedule
to said chapter 105 of the Statutes of 1901. Such agreement was duly executed on July 2, 1901, where-
upon the Manufacturers Life Insurance Company .ind the Temperance and General Life Assurance Com-
pany of North America were in effect amalgamated under the name of "The Manufacturers and Tempe-
rance and General Life Assurance Company.'' By virtue of thw provisions of section 18 of said chapter
105 of the Statutes of 1901, this name was changed by an Order of the Governor in C(juncil, dated Decem-
ber 30, 1901, to "The Manufacturers Life Insurance Company."
LIFE INSURANCE COMPANIES
SESSIONAL PAPER No. 8
MANUFACTURERS lAY^— Continued.
257
Stocks and bonds owned by the Company, viz.:-
Par value. Ledger value. Market value.
City of Brandon . , . . ,
,( Toronto
II Halifax
,1 Winnipeg
II Hamilton
II Nelson
II Greenwood
II St. Catharines
II Victoria
Town of Ncrth Bay . . . ,
II Huntsville
II Brockville
II Toronto Junction
I, Sault Ste. Marie
II Fort William . .
II Parry Sound
II Brampton
,1 Cornwall
II Deseronto
II Inerersoll
II Milton
II Napanee
I, Niagara Falls
II North Toronto
II Oakville
II Palmerston .
II Pembroke
II Port Arthur .
II St, Mary's ...,..,..
Whitby".
II Woodstock .
I, Bowmanville
■V illage of Bvirk's Falls
II Chesley ,
II Fort Erie
II Glencoe ...
Newfoundland Government debentures. . .
County of Westbourne, Manitoba
Township of Mclrvine
Hilton
Ratter & Dunnett
, Sherborne, McClintock, &c.
McKim
Dymond
Himsworth
Huron
Machar,
Neebing
Proton
York
School district of Wapella
II Strathcona
II Edgeley
It Yorkton
II Nelson
II Jones Valley
II Arbordale
II North Star
,1 Sargent
I, Westling
II Gladstone
It Harrison .
II Martin .
II Moosomin
Cape Breton Real Estate Co., first mort-
gage bonds
Quebec Railway Light and Power Co
Canadian Northern Railway land grant
bonds
Canadian Northern Railway bonds guar-
anteed by Province of Manitoba
Toronto Railway, first mortgage bonds . . .
8—17
$ 39,760 00
24,333 33
25,000 00
40,000 00
25,000 00
45,000 00
30,000 00
3,000 00
50,000 00
4,070 94
1,875 00
25,000 00
66,150 00
18,400 00
12,000 00
27,760 53
8,965 94
2,296 02
23,119 73
3,849 00
4,956 90
4,000 00
9,577 20
8,746 00
5,500 00
38,909 65
10,979 06
53,250 00
471 88
4,841 17
4,827 00
9,299 96
2,000 00
13,551 41
6,196 10
4,318 14
24,333 33
27,578 19
2,337 82
1,000 00
1,242 15
938 01
3,283 01
1,386 20
414 42
703 98
1,169 50
4,000 00
1,098 00
16,291 70
1,350 00
11,700 00
990 00
7,200 00
1,530 00
630 00
450 00
810 00
540 00
540 00
5,000 00
1,200 00
705 00
4,500 00
99,253 60
47,000 00
$ 43,789 82
25,419 58
26,489 22
42,697 11
26,657 71
48,800 34
30,342 15
3,000 00
. 50,000 00
4,392 85
1,875 00
25,595 36
54,103 12
18,202 32
12,000 00
27,181 48
8,965 94
2,355 70
23.591 85
4.051 85
5,069 58
4.052 29
11,230 94
8,767 09
6,052 69
40,363 86
11,180 62
47,586 90
478 74
4,841 17
5,410 20
9,422 56
2,000 00
13,916 68
6,311 65
4,562 64
19,886 77
30,039 41
2,373 94
1,000 00
1,290 56
975 70
3,415 14
1,448 57
424 12
703 98
1,246 10
4,285 73
1,146 64
13,611 53
1,396 05
12,121 77
1,006 65
7,004 54
1,530 00
630 00
450 00
810 00
540 00
540 00
5,354 27
1,261 00
734 21
4,582 26
99,253 60
50,124 56
$ 44,637 14
25,419 58
26,489 22
47,224 00
26.657 71
48,872 40
30,800 27
3,122 40
50,000 00
4,392 85
1,966 64
25,595 36
55.038 20
19,950 36
12,000 00
27,181 48
10,179 20
2,355 70
23,753 70
3,905 51
5,206 71
4,052 29
11,135 47
8,794 10
6,052 69
40,901 40
11,441 10
49,474 55
485 50
5,361 21
5,200 12
10,314 46
2,299 80
13,916 68
6,508 43
4,520 49
19,886 77
30.039 41
2,463 14
1,051 13
1,290 56
975 70
3,415 14
1,448 57
430 36
703 98
1,297 16
4,361 20
1,146 64
17,774 28
1,396 05
12,121 77
1,006 65
7,004 54
1,530 00
630 00
450 00
810 00
540 00
540 00
5,354 27
1,261 00
734 21
4,582 26
99,253 60
50,124 56
200,000 00 197,500 00 200,000 00
87,600 00
48,666 06
93,550 32
50,610 46
93,550 32
50,610 46
258 DEPARTMENT OF FINANCE— INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
THE MANUFACTURERS LIFE INSURANCE COMPANY— CVn^mwec/.
-Stocks and bonds owned by the Company — Concluded.
Par value. Ledger value. Market value.
Manitoba South Eastern Railway bonds,
guaranteed by Province of Manitoba. % 64,726 66 % 69,331 58 % 69,331 .58
Toronto Savings and Loan Co 48,000 00 48,000 00 48, OW 00
Hamilton Electric Light and Cataract
Power Co 50,000 00 50,688 91 50,688 91
Cuban Electric Railway, first mortgage
bonds 25,000 00 25,000 00 25,000 00
Toronto Hotel Co 10,000 00 9,500 00 9,500 00
Ottawa Electric Co 75,000 00 77,247 70 77,247 70
Toronto Electric Light Co • 48,000 00 48,000 00 48,000 00
Bell Telephone Co 20,000 00 22,549 25 22,549 25
Sao Paulo Tramway Light and Power Co. 250,000 00 225,000 00 225,000 00
Hastings Loan and Investment Society. . . 35,000 00 35,000 00 35,000 00
The R. W. Kinsman Co '. . . . 10,000 00 10,000 00 10,000 00
Niagara Falls Power Co 15,000 00 15,000 00 15,000 00
Ottawa Electric Co. stock 99,300 00 9.5,940 00 95,940 00
Canadian Pacific Railway stock 130,000 00 174,77158 172,250 00
Commercial Cable stock 60,000 00 99,239 18 102,000 00
Toronto Electric Light stock. . . 76,-500 00 114,557 00 118,575 00
Sovereign Bank stock 15,000 00 ^18,750 00 18,750 00
$ 2,293,973 19 % 2,413,182 09 $2,435,822 89
Carried out at ledger value % 2,413, 182 09
Cash at head office 170 06
Cash in banks, viz. : —
Traders' Bank, Toronto % 3,685 95
Union Bank of Halifax, Trinidad 1,197 16
Bank of Toronto, Toronto 19,914 92
Colonial Bank, Bridgetown, Barbadoes 1,132 59
Bank of Nova Scotia, Kingston, Jamaica 4,182 44
Union Bank, Winnipeg 2,298 55
Sovereign Bank, Toronto 42,623 53
Colonial Bank, Grenada 721 74
Total cash in banks 75,756 88
Agents' balances, current accounts .5,643 81
Office furniture 6,605 77
Due by mortgagors 258 46
Life reversions 1,558 46
Total I 4,107,953 57
OTHER ASSETS.
Market value of stocks, bonds, debentures, &c., over ledger value 22,640 80
Interest due . . . $ 4,083 24
accrued 55,336 99
Total carried out 59,419 83
Rents due 172 50
Net amount of uncollected and deferred premiums on new business,
,740.58 ; on renewals, $166,401.91 216,142 49
Total assets % 4,406,329 19
LIFE INSURANCE COMPANIES
SESSIONAL PAPER No. 8
THE MANUFACTURERS LIFE INSURANCE QOMVA^Y— Continued,
LIABILITIES.
t Amount computed to cover the net present value of all policies in force $3,751,215 00
Reserve for reversionary additions and premium reductions 14,130 00
Reserve for life annuities 20,135 00
Total $3,785,480 00
Deduct value of policies reinsured in other companies 31,588 00
Net reinsurance reserve | 3,753,892 00
Claims for death losses, unadjusted but not resisted $ 29,255 00
II II resisted — not in suit . . 3,000 00
Total claims for death losses (|5,000.00 accrued in 1901) 32,255 00
Present value of death claims payable by instalments not yet due 3,218 00
Surrender values claimable on policies cancelled 202 00
Dividends to policy-holders due and unpaid 5,095 25
Due for general expenses 4,548 38
Total liabilities $ 3,799,210 63
Surplus on policy-holders' account . $ 607,118 56
Capital stock paid up $ 300,000 00
INCOME.
Cash received for premiums | 1,055,356 10
Premiums paid by dividends 1,424 60
Cash received for annuities 9,317 00
Total I 1,066,097 70
Deduct premiums paid to other companies for reinsurance 11,281 98
Net premium income (new, $217,160.56 ; renewal, $837,655.16) $ 1,054,815 72
Received for interest or dividends 186,074 11
Total income $ 1,240,889 83
t Reserve based on Institute of Actuaries' H^. Mortality Table, with interest at 4^ per cent for
policies and bonus additions issued prior to January 1, 1900 ; and at 3^ per cent for all policies issued
subsequent to that date. Government Annuitants Experience, 3^ per cent, for annuities.
8-1 7i
260 DEPARTMENT OF FINANCE— INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
THE MANUFACTURERS LIFE INSURANCE OO^VX^Y— Continued.
EXPENDITURE. ,
Cash paid for death losses $ 174,715 20
Payments on matured instalment policies — 250 00
Net amount paid for death claims | 174,965 20
Cash paid for matured endowments $ 76,480 GO
Deduct amount received from other companies for reinsured endowment
claims 5,000 00
Net amount paid for endowment claims 71,480 00
Cash paid to annuitants 1,985 55
Cash paid for matured investment policies 15,187 95
Cash paid for surrendered poHcies 24,088 26
Cash dividends paid to policy-holders 27,425 07
Cash dividends applied in payment of premiums 1,424 60
Total paid to policy-holders $ 31 6,556 63
Cash paid stockholders for interest or dividends 24,000 00
Cash paid for commissions, salaries and other expenses of officials 233,614 38
Cash paid for taxes, licenses, fees or fines 8,857 67
Miscellaneous payments : — Printing and stationery, $5,422.08 ; adver-
tising, $5,970.93; postage, telegrams and express, $3,005.38;
directors' fees, $5,785.50; medical fees, $17,567.06; law costs,
$2,232.03; light account, $172.51; office furniture, $1,935.93 ;
auditors' fees, $700.08 ; mercantile reports, $86.95 ; telephones,
$233.88 ; exchange, $506.02 ; insurance papers and books, $255.70 ;
sundry expenses, $5,512.34 ; office supplies, $3,292.77 ; commission
on loans, $5 ; rents, $5.113.87 57,798 03
Total expenditure $ 640,826 71
SYNOPSIS OF LEDGER ACCOUNTS.
Amount of net ledger assets at Dec. 31, 1901 $ 3,508,465 61
Amount of cash income as above 1,240,889 83-
Amount recovered on items previously written off .\ . 217 30
Total $ 4,749,572 74
Amount of expenditure as above 640,826 71
Net amounts written off real estate, mortgages, &c 792 46
Total ; 641,619 17
Balance, net ledger assets at Dec. 31, 1902 $ 4,107,953 57
LIFE INSURANCE COMPANIES 261
SESSIONAL PAPER No. 8
THE MANUFACTURERS LIFE INSURANCE COMVA^Y —Continued.
MISCELLANEOUS.
Number of policies reported during the year as taken, ....... 3,590
Amount of said policies $ 5,590,755 00
Amount of said policies reinsured in other companies 20,000 00
Number of policies become claims during the year (including matured
endowments) 141
Amount of said claims. $ 236,732 00
Amount of said claims reinsured in other licensed companies in Canada. 5,000 00
Net amount carried out 231,732 00
Number of policies in force at date 21,945
Amount of said policies . , $30,137,916 00
Bonus additions thereon . , 14,967 00
Total $30,152,883 00
Amount of said policies reinsured in other companies (including $197
bonus additions) 355,455 00
Net amount in force at December 31, 1902 29,797,428 00
Number of life annuities in force 7
Amount of annual payments thereunder 2,487 50
EXHIBIT OP POLICIES.
In force at beginning of year : —
No. Amount. No. Amount
Whole life policies 14,110 $18,009,976
Endowment assurances , 4,696 6,996,755
All other policies 1,153 2,119,501
Bonus additions 12,699
19,959 $27,138,931 00
New policies issued : —
Whole life policies 2,251 $ 3,487,051
Endowment assurances l,4f«7 2,276,918
All other F)olicies 136 318,367
Bonus additions 3,183
3,874 6,085,519 00
Old policies revived 87 137,338 00
Old, changed and increased 51 145,723 00
Total 23,971 $ 33,507,511 00
Deduct terminated and not taken 2,026 3,354,628 00
In force at end of year : —
No. Amount.
Whole life policies 15,139 $ 19,556,214
Endowment jx)licies , 5,739 8,561,389
All other policies 1,067 2,020,313
Bonus additions 14,967
21,945 $30,152,883 00
Policies reinsured 355,455 00
Net in force at December 31, 1902 21,945 $ 29,797,328 00
DEPARTMENT OF FINANGE— INSURANCE BRANCH
2-3 EDWARD VI)., A. 1003
THE MANUFACTURERS LIFE INSURANCE QOUVA^Y— Continued.
DETAILS OF POLICIES WHICH HAVE CEASED TO BE IN FORCE.
Terminated by death
maturity
expiry
surrender ...
lapse
change and decrease
not taken of 1902
not taken of previous years
Total
No.
Amount.
112 $
160,252
29
76,480
2
14,940
162
285,912
1,113
1,599,146
51
379,908
284
491,581
273
396,409
2,026 %
3,354,628
Business Outside of Canada.
(Included in above Statement. )
assets.
Amount of loans to policy-holders on the company's policies assigned as
collaterals
Cash in banks, viz. : —
Bank of Nova Scotia, Kingston, Jamaica $ 4,182 44
Colonial Bank, Barbadoes 1,132 59
Colonial Bank, Grenada 721 74
Total
Agents' ledger balances
Interest accrued
Net amount of premiums outstanding and deferred —
On new business, |27,439.77 ; on renewals, $41,113.12.
liabilities.
Amount computed to cover present value of policies in force $ 378,708 00
Reserve for reversionary additions and premium reductions 890 00
Total ,
Deduct value of policies reinsured in other companies
Net reinsurance reserve
Claims for death losses unadjusted but not resisted.
Claims for death losses resisted, not in suit .
Due on account of general expenses
% 379,598 00
5,298 00
12,710 07
6,036 77
4,630 15
152 49
68,552 89
Total assets outside of Canada $ 92,082 37
374,300 00
4,000 00
3,000 00
1,062 13
Total liabilities I 382,362 13
premium INCOME OUTSIDE OF CANADA.
Cash received for premiums .
Premiums paid by dividends
Total
Deduct premiums paid to other companies for reinsurance.
204,758 21-
63 60
204,821 81
1,867 12
Net premium income in other countries % 202,954 69
LIFE IN SURA NCE COM PA NIES 263
SESSIONAL PAPER No. 8
THE MANUFACTURERS LIFE INSURANCE COMPANY— CW^mwed
PAYMENTS TO POLICY-HOLDERS OUTSIDE OF CANADA.
Cash paid for death claims $ 14,282 22
Cash paid for matured endowments 480 00
Cash paid for surrendered policies 1,516 90
Cash dividends applied in payment of premiums 63 60
Cash dividends paid to policy-holders 14 73
Total amount paid policy-holders outside of Canada $ 16,357 45
'' MISCELLANEOUS.
Number of new policies reported during the year as taken outside of
Canada ' 1,005
Amount of said policies $ 1,959,660 00
Amount of said policies reinsured in other companies 8,000 00
Number of policies become claims (including matured endowments). 12
Amount of said claims 13,729 00
Number of policies in force at date 2,092
Amount in force $ 4,114,777 00
Bonus additions thereon 1,755 00
Total $ 4,116,532 00
Amount reinsured in other licensed companies 45,000 00
Net amount in force at December 31, 1902 4,071,532 00
EXHIBIT OF POLICIES OUTSIDE OF CANADA.
Policies in force at beginning of year : —
No. Amount. No. Amount.
Whole life policies 487 $ 900,372
Endowment assurances 798 1,611,744
All other policies 12 40,183
Bonus additions 1,656
New policies issued : —
Whole life policies .' 278 % 688,715
Endowment assurances 768 1,340,830
All other policies 32 70,274
Bonus additions 141
1,297 I 2,553,955 00
1,078 2,099,960 00
Old policies revived 2 5,600 00
Old policies, changed and increased 12 20,929 00
Total 2,389 % 4,680,444 00
Deduct policies terminated 297 563,912 00
Policies in force at end of year : —
Whole life polLies 663 $ 1,398,680
Endowment assurances .... 1,414 2,680,650
All other policies 15 35,447
Bonus additions 1,755
2,092$ 4,116,632 00
Policies reinsured 45,000 00
Net in force at December 31, 1902 2,092 $ 4,071,532 00
164 DEPARTMENT OF FINANCE -INSURANCE BRANCH
2-% EDWARD Vli., A. 1908
THE MANUFACTURERS' LIFE INSURANCE COM.^ A^Y— Concluded.
DETAIL OF rOLICIES WHICH HAVE CEASED TO BE IN FORCE OUTSIDE OF CANADA.
No, Amount.
Policies terminated by death 11 $ 13,249
maturity 1 480
surrender 11 12,980
lapse 127 218,127
change and decrease 13 53,923
not taken of 1902 73 140,159
not taken of previous years .. . 61 124,994
Total terminated outside of Canada.. 297 $ 563,912
LIFE INSURANCE COMPANIES
SESSIONAL PAPER No. 8
THE METROPOLITAN LIFE INSURANCE COMPANY.
Statement for the Year ending December 31, 1902j
President — John R. Hegeman. | Secretary — James S. Roberts.
Principal Office — Corner Madison Avenue and 23rd Street, New York City.
Chief Agent in Canada — John Tilton. | Head Office in Canada — Ottawa.
(Incorporated, June, 1866. Commenced business in Canada, November, 1872.)
capital.
Amount of capital authorized, subscribed for and paid up in cash $ 2,000,000 00
ASSETS IN CANADA.
Value of real estate in Canada held by company (office buildings, corner
Metcalfe and Queen Sts., Ottawa, $17,559.60; 39 St. John St.,
Quebec, $32,898.60 ; building site, St. Laurent, near Montreal,
$300) $ 50,758 20
Amount secured by way of loans on real estate in Canada, by bond or
mortgage, first liens 65,400 00
Amount of loans made to Canadian policy-holders on the company's
policies assigned as collateral 14,622 92
Premium obligations on Canadian policies in force 5,130 33
Stocks and bonds in deposit with the Receiver General : —
Par value. Market value.
Dominion of Canada stock $ • 247,333 33 $ 238,452 00
Canadian Northern Railway bonds 343,099 99 356,824 00
Town of Maisonneuve bonds 50,000 00 54,500 00
Town of Salaberry, Valley field bonds 50,000 00 50,500 00
Toronto Local Improvement bonds 97,662 23 99,444 81
Province of Manitoba bonds 300,000 00 324,000 00
Total par and market values $ 1,088,095 55 $ 1,123,720 81
Carried out at market value 1,123,720 81
Interest due, $43.20 ; accrued, $3,318.76 3,361 96
Rents due, $124.16 ; rents accrued, $200 324 16
Gross premiums due and uncollected on Canadian ix)licies in force $ ,30,378 64
Gross deferred premiums on same 44,870 77
Total outstandinpr and deferred premiums .$ 75,249 41
Deduct cost of collection at 20 per cent 15,049 88
Net outstanding and deferred premiums 60,199 53
Total assets in Canada $ 1,323,517 91
266 DEPARTMENT OF FINANCE— INSURANCE BRANCH
2-3 EDWARD Vli., A. 1903
METROPOLITAN lAYY.— Continued.
LIABILITIES IN CANADA.
Amount compated to cover the net present value of all policies in force.. $ 1,317,684 00
Reserve for annuities 3,633 00
I
*Total net reinsurance reserve % 1,321,317 00
Present value of amounts not yet due on matured instalment policies . .
Claims for death losses unadjusted but not resisted
II resisted, in suit
n II not in suit
Total claims unsettled
14,325 75
1,665 00
1,767 25
Amount of dividends to Canadian policy-holders due and unpaid
Due on account of general expenses
Amount of all other liabilities in Canada, — premiums paid in advance ,
754 00
17,758 00
372 56
5,905 80
7,031 49
Total liabilities in Canada $ 1,353,138 85
INCOME IN CANADA.
Premium income (new, 193,474.59 ; $135,1 42.90 ; industrial,
812.03) I 888,429 52
Cash received for annuities 1,222 00
Total net premium income I 889,651 52
Amount received for interest or dividends on stock, (fee
Rents
EXPENDITURE IN CANADA.
Cash paid for death losses in Canada (including bonuses)
Premium obligations used in payment of same
Net amount paid on account of death claims
Net amount paid for endowment claims in Canada
Cash paid to annuitants
Cash paid for surrendered policies
Cash dividends paid to Canadian policy-holders, or applied in payment
of premiums
Cash paid for commission, salaries and other expenses of officials ,
Cash paid for licenses, taxes, fees or -fines in Canada
42,216 12
2,525 13
Total income in Canada % 934,392 77
155,107 11
327 61
155,434 72
5,739 92
272 71
7,779 13
5,477 03
Total net amount paid to policy-holders in Canada | 174,703 51
397,082 21
7,887 17
Total expenditure in Canada $ 579,672 89
*Re8erve on policies issued prior to January 1, 1901, based on Combined Experience 4 per cent Tables ;
and reserve on policies issued on and subsequent to January 1, 1901, based on American Experience 3^
per cent Tables.
LIFE INSURANCE COMPANIES
SESSIONAL PAPER No. 8
METROPOLITAN lAY^— Continued.
267
PREMIUM NOTE OR LIEN ACCOUNT.
Premium obligations on hand at beginning of year ,
" received during the year
Total
Deductions during the year, viz.: —
Amount of obligations used in payment of claims
II II used in purchase cf surrendered policies
II 11 voided by lapse and tran&fer
II II redeemed in cash
Total deductions
Balance, note assets at the end of the year ,
327 61
199 44
162 94
41 20
5,220 92
640 60
I 5,861 52
731 19
I 5,130 33
MISCELLANEOUS.
Number of new policies reported during the year as taken in
Canada— Ordinary, 3,278 ; industrial, 84,257 87,535
Amount of said policies — Ordinary $ 2,437,178 00
II II Industrial , , 11,530,938 00
113,968,116 00
Number of policies become claims in Canada during the year —
Ordinary, 63 ; industrial, 2,156 2,219
Amount of said claims— Ordinary % 52,624 00
II II Industrial 122,086 00
174,710 00
Number of policies in force in Canada at date — Ordinary,
6,682 ; industrial, 172,276 178,958
Amoimt of said policies— Ordinary $5,720,819 00
Industrial 20,761,027 00
Net in force at December 31, 1902 " 26,481,846 00
Number of life annuities in force in Canada at date — Ordinary 3
Amount of annual payments thereunder 472 71
Exhibit of Policies (Canadian Business).
No.
In force at beginning of year 162,107
New policies issued, revived, &c 89,880
251,987
Deduct terminated 72,779
Amount.
I 23,661,629 00
14,731,673 00
i 38,393,302 00
11,871,065 00
In force at end of year 179,208 $ 26,522,237 00
268 DEPARTMENT OF FINANCE— INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
METROPOLITAN JAY'S.— Continued.
DETAILS OF TERMINATIONS.
No, Amount,
Terminated by death 2,202 $ 155,435 00
" maturity 8 5,675 00
" surrender 1,788 304,721 00
lapse 67,701 10,666,718 00
" change and decrease 49 34,937 00
Policies not taken 1,031 703,579 00
72,779 I 11,871,065 00
Industrial policies. — No. of policies and amounts in force in Canada on December
31, 1902, as per ages grouped as under : —
No. of lives. Amount insured.
Ages, 5 j^ears and under 31,952 $ 4,011,094 00
Ages between 5 and 10 years 28,719 3,325,831 00
Industrial policies. — No. and amount of claims paid in Canada during 1902, as per
ages grouped as under : —
No. of lives. Amount insured.
Ages, 5 years and under 650 $ 12,179 50
Ages between 5 and 10 years • 166 8,729 20
General Business Statement for the Year ending December 31, 1902.
INCOME during THE YEAR.
Total premium income 139,653,725 03
Consideration for supplementary contracts not involving life contin-
gencies 24,957 00
Received for interest and dividends 2,87(>,217 64
Received for rent 548,866 57
Profit on sales or maturity of ledger assets 193,671 29
Deposits of agents in lieu of bonds 44,846 08
Total income $43,336,283 61
disbursements during the year.
Total net amount paid for losses and matured endowments $11,354,458 93
Paid to annuitants , 42,874 49
Surrender values paid 409,470 11
Dividends to policy-holders 555,360 50
Paid for claims on supplementary contracts not involving life contin-
gencies 1,904 51
Cash paid to stockholders for interest or dividends .... 140,000 00
Commission and bonuses to agents 6,121,456 73
Cash paid for salaries of officers and office employees 1,659,003 38
Commuting commissions 1,729,764 84
Rents 430,831 55
Taxes, licenses and insurance department fees 679,990 22
Salaries and allowances of managers of agencies and agents 3,045,731 12
Agency supervision, travelling and other agency expenses 553,431 83
Medical examiners' fees and inspection of risks 785,901 18
Sundry expenses 986,929 47
Total disbursements $ 28,497,108 86
1
LIFE INSURANCE COMPANIES 269
SESSIONAL PAPER No. 8
METROPOLITAN luIFl^—Co7icluded.
LEDGER ASSETS.
Book value of real estate unencumbered $11,251,482 49
Loans on bonds and mortgages, first liens on real estate 25,669,560 40
Loans to policy-holders on the company's policies assigned as collateral.. 872,657 32
Premium notes on policies in force 654,845 62
Book value of stocks and bonds owned 42,559,057 17
Cash on hand and in banks 4.518.533 40
Agents' debit balances 14,634 14
Total net ledger assets $85,540,770 54
NON-LEDGER ASSETS.
Interest due and accrued 480,291 83
Rents due and accrued 9,737 53
Net amount of uncollected and deferred premiums 2,790,397 10
Market value of bonds and stocks over book value 616,014 02
Gross assets =
Deduct items not admitted 256,302 03
Totaladmitted assets $89,180,908 99
LIABILITIES.
* Net reinsurance reserve $76,801,031 00
Present value of amounts not yet due on matured instalment policies . . 24,513 00
Total unsettled claims 285,387 44
Unpaid dividends or surplus or other profits due policy-holders 35,885 54
Premiums paid in advance 199,576 56
Special reserves 1,219,627 00
Agents' deposits in lieu of bonds 87,486 91
Due and accrued on account of salaries, rents, &c . 164,277 08
Total liabilities . . . , $78,817,784 53
Gross divisible surplus $ 8,363,124 46
EXHIBIT OF POLICIES.
General. No. Amount.
Number of new policies issued during the year 128,254
Amount of said policies $ 98,073,374 00
Number of policies terminated during the year 80,244
Total amount terminated .... 59,807,773 00
Number of policies in force at date 278,360
Net amount of said policies 237,490,121 00
Industrial.
Number of new policies issued and old policies revived. . . . 1,976,152
Amount of said policies $312,990,338 00
Number of policies terminated during the year. . 1,286,523
Total amount terminated 212,805,483 00
Number of industrial policies in force at date 6,698,291
Amount of said policies 981,676,306 00
* Computed according to the Actuaries' and American Experience Tables of Mortality, with 4 and 3^
per cent interest.
270
DEPARTMENT OF FINA^GE— INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
THE MUTUAL LIFE ASSURANCE COMPANY OF CANADA.
Statement for the Year ending December 31, 1902.
President-
Secretary-
-RoBT. Melvin.
-W. H. Riddell.
Manager and Chief Agent —
Geo. Wegenast.
Head Office — Waterloo.
(Incorporated in 1869 by Act of the Legislature of the Province of Ontario, 32 Yic,
cap. 17 ; amended in 1874 by 37 Yic, cap. 86. Incorporated in 1878 by Act of
the Parliament of the Dominion of Canada, 41 Yic, cap. 33 : amended in 1889 by
52 Yic, cap. 96, in 1894 by 57 Yic, cap. 123, and in 1900 by 63 Yic, cap. 112.
Commenced business in Canada in 1870.)
No Capital Stock.
ASSETS AS PER LEDGER ACCOUNTS.
Yalue of real estate (less encumbrances) held by the company
Amounts secured by way of loans on real estate, by bond or mortgage,
first liens
Amounts secured by way of loans on real estate, by bond or mortgage,
second liens
Amount of loans secured by bonds, stocks or other marketable collate-
rals
Yiz. :—
Par Market Amount
value. value. loaned,
45 shares British Mortgage Loan Co $ 4,500 00 $* 5,100 00 $ 4,000 00
Agricultural L & ""
75
Co
3,750 00
4,462 50
3,500 00
Total
$ 8,250 00 % 9,862 50 $ 7,500 00
Amount of loans made to policy-holders on the company's policies
assigned as collateral
Premium obligations on policies in force
Bonds owned by the company, viz. :—
Deposited with the Receiver General.
Par value. Account value.
Town of Ingersoll bonds $ :^2,000 00 % 32,180 03
Town of Listowel bonds ', 41,0(X) 00 41,545 91
Town of Georgetown bonds' 35,500 00 87,220 29
$ 108,500 00 $ 110,946 23
In possession of the Company.
City-
Windsor . . .
Brandon, Man . .
Winnipeg, Man .
Belleville
Hull, Que
Vancouver, B.C .
Chatham
Moncton, N.B, .
Victoria, B.C.. .
St. Thomas
Calgary, N.W.T,
Par value.
Account value.
34,000 00
$ 35,294 38
35,000 00
35,884 95
100,000 00
100,869 48
30,000 00
31,455 12
23,500 00
24,639 84
10,000 00
10,000 00
5,847 83
6,050 61
26,000 00
26,962 53
85,000 00
86,560 87
14,322 74
14,462 49
50,000 00
48,998 36
65,724 41
2,984,784 56
9,860 00
7,500 00
677,288 25
33,739 49
413,670 57 % 421,178 63
LIFE INSURANCE COMPANIES
SESSIONAL PAPER No. 8
MUTUAL LIFE OF CANADA— Contiymed.
271
Village-
Par value. Account value.
Blyth
Merritton .
Southampton . .
Lucan
Elmira .... . .
Markham ....
Exeter
Tottenham ....
Ottawa East . . .
Beamsville . . .
Milveiton
New Hamburg
Port Elgin ....
Drayton
Acton
Shelbiirne
Caledonia .
Markdale
Grand Valley .
18,884 81 $
19,005 12
16,229 73
16,578 47
14,0.57 78
14,946 03
2,000 00
2,028 00
8,500 00
8,641 39
7,204 25
7,272 28
6,665 32
6,834 23
2,804 99
2,898 92
1,860 95
1,919 73
11,130 00
12,219 48
4,664 00
4,664 00
7,078 18
7,110 42
8,127 86
8,507 24
13,965 99
14,072 49
9,725 98
9,932 52
8,027 20
8,500 89
2,000 00
2,000 00
6,860 74
6,860 74
5,523 74
5,578 80
$ 155,971 52 $ 159,576 75
Town-
Par value. Account value.
Collingwood
Waterloo .
Ridgetown
Thorold
Wiarton
Parkhill
Milton
Berlin
Dunnville
Alliston
Goderich
Hespeler
Preston
Niagara Falls
Leamington . ,
Mitchell
Simcoe.
New jNIarket
Edmonton
Almonte
Ingersoll
Prince Albert, N.W.T
Meaford
Sandwich
Brampton
Oshawa , .
Tilsonburg
Mount Forest
Walkerville
Minnedosa, Man
Harriston
Brockville
Owen Sound
Campbell ton, N. B
Fort William
Cobourg
St. Mary's
Prescott . . ....
Lethbridge, N.W.T...
Paris
Farnham, Que
St. Louis, Que
St. Jerome, Que ... .
Maisoimeuve, Que . . .
Thessalon
St. Henri, Que
19,282 04 $
90,781 13
33,891 33
907 16
6,532 81
6,200 00
13,977 94
77,812 74
3,558 17
11,350 00
88,912 26
22,585 84
6,022 78
19,540 52
7,839 02
17,281 66
8,340 35
9,728 42
19,033 65
5,400 00
4,863 96
11,500 00
70,246 26
3,590 47
2,209 00
2,605 72
8,000 00
65,139 95
7,476 54
850 00
22,871 51
22,000 00
23,441 43
50,000 00
13,000 00
50,000 00
36,971 41
14,165 12
35,400 00
14,49() 28
30,000 00
50,000 00
33,346 70
20,000 00
6,000 00
50,000 00 ■
20,612 11
92,817 54
35,274 64
922 46
6,731 65
6,353 06
14,601 57
80,609 21
3.718 12
11,650 82
90,197 23
22,706 17
6,355 36
20,220 94
8,286 59
17,281 66
8.719 96
10.063 01
19,780 46
5,789 89
4,891 32
12,842 63
74,169 54
3,967 39
2,250 62
2,736 33
8,828 27
66,689 40
7.603 41
739 04
23,176 72
22,658 07
27.064 17
51,135 09
13,727 88
52,798 47
38,263 06
14,165 12
30,979 67
14.808 95
32,750 08
50,613 30
33,821 28
20,933 43
6,000 00
55,334 50
a 1,117,152 17 8 1,161,640 19
272
DEPARTMENT OF FINANCE-INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
MUTUAL LIFE OF CANADA— Continued.
Township —
Woolwich
Wilmot
Sprinf?er
MeKiin
Jocelyn
Hallam
Caldwell
Waterloo
Charlottenburg . .
West Luther
Springbank, Man
School-
Gait R. C, separate
Waterloo, R. C, separate . . .
Battleford, N.W.T
Berlin, R.C., separate
Toronto, R. C. , separate
New Germany, R.C., separate
Rockland, R.C., separate
Miscellaneous —
Canada Landed and National Inv. Co.
Western Canada L. & S. Co
Toronto Street Railway bonds
Bell Telephone Company
Hamilton Street Railway
Canadian Northern Railway bonds (guaranteed
by the Province of Manitoba) .
Canadian Northern Railway first mortgage land
grant bonds
Par value.
Account value.
% \m 00
$
965 85
1,280 02
1,317 22
3,105 30
3,183 23
298 89
303 12
r)00 00
657 13
3,088 13
3,215 58
448 51
454 85
7,093 00
7,237 67
3,940 54
4,048 00
595 81
595 81
10,000 00
$~
10,388 79
$ 31,405 20
32,367 25
Par value.
Account value.
% 2,200 00
•S
2,200 00
573 50
573 50
800 00
869 06
5,726 63
5,726 63
50,iKX) 00
52,898 21
1,292 63
1,292 63
3,618 64
3,618 64
$ 64,211 40
%_
67,178 67
Par value.
Account value.
$ 15,000 00
$
15,000 00
1.5,000 00
15,000 00
107,733 32
113,288 38
25,000 00
27,941 72
15,000 00
15,586 71
99,766 67
101,752 32
50,000 00
48,866 10
$ 327,499 99
f_
337,435 23
Summary — Par value. Account value.
City 413,670 57 421,178 63
Town 1,117,152 17 1,161,640 19
Village 155,971 52 159,576 75
Township 31,405 20 , 32,367 25
School 64,21140 67,178 67
Miscellaneous 327,499 99 337,435 23
Total in possession of the company .... $ 2,109,910 85 $ 2,179,376 72
Total par and account values $ 2,218,410 85 $ 2,290,322 95
Carried out at account value | 2,290,322 95
Cash at head office 1,740 31
Cash in banks, viz. : —
Molsons Bank, Waterloo $ 10,873 66
Canadian Bank of Commerce 16,311 28
27,184 94
Agents' ledger balances 188 63
Total I 6,098,333 54
LIFE INSURANCE COMPANIES 273
SESSIONAL PAPER No. 8
MUTUAL LIFE OF QX^ AD A— Continued.
OTHER ASSETS.
Interest due $ 3,619 32
Interest accrued 114,791 31
Total interest 8 118,410 63
Rents due, .$137.25 ; accrued, .?106.79 244 04
Net amount of uncollected and deferred premiums on new business,
$26,205.54 ; on renewals, $198,371.10 224,576 64
Total assets S 6,441,564 85
LIABILITIES.
* Amount computed to cover the net present value of all policies in
force .... _._., $ 5,821,734 91
Reserve for premium reductions 29,369 26
II annuities certain 13,321 11
life annuities 73,380 69
Total -S 5,937,805 97
Deduct value of policies reinsured in other companies 12,362 00
Net reinsurance reserve 8 5,925,443 97
Claims for death losses unadjusted but not resisted $ 11,000 00
II II resisted— not in suit 500 00
Net amount of death claims outstanding. 11,500 00
Present value of death claims payable by instalments not due 10,244 57
Premiums paid in advance 1,382 81
Liability on lapsed policies subject to cash and paid up values 6,727 49
Due on account of general expenses 5,331 00
Total liabilities 6 5,960,629 84
Surplus on policy-holders' account $ 480,935 01
INCOME DURING THE YEAR.
Cash received for premiums .$ 1,050,420 12
Premium obligations taken in part payment of premiums 2,647 28
Premiums paid by dividends, 65,382 78
Cash received for annuities 1,056 00
Total (new, $172,879.97 ; renewal, $945,570.21) $ 1,119,506 18
Deduct premiums paid to other companies for reinsurance 6,552 77
Net premium income $ 1,112,953 41
Amount received for interest 272,326 85
Amount received for rents 3,180 18
All other income 2,637 81
Total income $ 1,391,098 25
* Reserve based as follows :— For assurances and temporary annuities H^- 3^ per cent, for businesa
dated subsequent to 185)9, and Actuaries' 4 p.c. for business dated prior to 1900. For life annuities, Grovem-
ment Annuity Tables with interest at 3^ p.c. for business dated subsequent to 1899 and with interest at
4 p.c for business dated prior to 1900.
8—18
274 DEPARTMENT OF FINANCE— INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
MUTUAL LIFE OF CANADA— Continued
EXPENDITURE DURING THE YEAR.
Cash paid for death losses $240,489 40
Premium obligations used in payment of same . . , 107 85
Payments on matured instalment policies . 1,452 50
Total amount paid for death claims I 242,049 75
Cash paid for matured endowments $ 110,861 59
Premium obligations used in payment of same 1,885 41
Total amount paid for matured endowments 112,747 00
Total net amount paid for death claims and matured endowments (of
which $45,168 accrued in previous year) % 354,796 75
Cash paid to annuitants 9,484 30
Paid for surrendered policies 41,225 39
Cash dividends paid to policy-holders 6,096 57
Cash dividends applied in payment of premium obligations and interest 6,364 44
Cash dividends applied in payment of premiums 65,382 78
Total amount paid policy-holders | 483,350 23
Cash paid for commission, salaries and other expenses of officials 196,046 70
Cash paid for taxes, licenses, fees or fines ^ . . . 8,949 47
All other expenses, viz.: — Medical examinations, $12,481.70; books
and stationery, $1,626.84 ; rents, $5,235 ; telegraph and telephone,
$362.82; postage, $1,246.19; printing, $4,024.92; advertising,
$3,553.86 ; travelling expenses, $1,383.76 ; commission on loans
and valuation and inspection fees, $6,656.56 ; office furnishings,
$1,317.25; incidentals, $3,446 ; Insurance Department, $482.17;
solicitors' fees, $992.89 ; auditors, $1,150 43,959 96
Total expenditure $ 732,306 36
PREMIUM NOTE ACCOUNT.
Premium obligations on hand at commencement of year $ 35,482 99
»r It received during the year 2,647 28
Total $ 38,130 27
Deductions during the year, viz.: —
Premium obligations used in payment of claims ... $ 1,993 26
II II used in purchase of surrendered policies 656 31
V II used in payment of dividends to policy-holders. 1,169 20
II II written oflf 45 81
II II redeemed in cash , . 526 20
Total deductions , 4,390 78
Balance, note assets at end of year $ 33,739 49
LIFE INSURANCE COMPANIES 275
SESSIONAL PAPER No. 8
MUTUAL LIFE OF CANADA— Continued.
SYNOPSIS OF LEDGER ACCOUNTS. ,
Amount of net ledger assets at December 31, 1901 , % 5,439,541 65
Amount of income as above 1,391,098 25
Total I 6,830,639 90
Amount of expenditure as above 732,306 36
Balance, net ledger assets at December 31, 1902 | 6,098,333 54
MISCELLANEOUS.
Number of new policies reported during the year as taken 2,819
Amount of said policies $ 4,214,000 00
Amount of said policies reinsured in other companies 59,720 00
Number of policies become claims during the year (including matured
endowments) 243
Amount of said claims 319,318 00
Number of policies in force at date 23,622
Amount of said policies $ 34,468,920 58
Amount of said ix)licies reinsured in other companies, including $341.25
bonus additions 213,666 25
Net amount in force at December 31, 1902 34,255,254 33
Number of life annuities in force at December 31, 1902 30
Amount of annual payments thereunder 6,989 83
.EXHIBIT OF POLICIES.
Policies in force at December 31, 1901 : —
No.
Amount.
No.
Amount.
Whole life policies
.. 13,907
.. 7,206
669
$ 20,318,437 38
9,921,094 20
1,473,500 00
All other policies
Total
21,782
$31,713,031 58
New policies issued : —
Whole life policies
Endowment policies
All other policies
.. 1,484
1,456
121
% 2,194,096 00
1,972,941 00
346,856 00
Total
3,011
4,513,893 00
Old policies revived
Old, changed and increased
in force. .
-
38
53,600 00
13,985 00
Total
Deduct policies which have ceased to be
24,831
1,209
136,294,509 58
1,825,589 00
8— 18J
276 DEPARTMENT OF FINANCE— INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
MUTUAL LIFE OF CANADA— Continued.
Policies in force at December 31, 1902 : —
No. Amount. No. Amount.
Whole life policies 14,684 $21,610,658 38
Endowment policies 8,261 11,371,762 20
All other policies , 677 1,486,500 00
23,622 $34,468,920 58
Policies reinsured : —
No. Amount. No. Amount.
Whol^ life policies 15 $ 113,825 00
Endowment policies 5 30,000 00
All other policies 13 69,500 00
Bonus additions 341 25
33 $ 213,666 25
DETAILS OF POLICIES TERMINATED DURING THE YEAR 1902.
No. Amount.
1. By death . 145 $ 210,696 00
2. By maturity 98 108 622 00
3. Bv expiry 10 42,000 00
4. By surrender 140 182,000 00
5. By lapse 708 1,049,918 00
6. By change and decrease 42,733 00
7. By not being taken 108 189,620 00
Total terminated 1,209 -$ 1,825,589 00
Business done outside of Canada.
(hicluded in above Statement.)
assets.
Net amount of outstanding and deferred premiums : —
On renewals, 1880.77 $ 880 77
liabilities.
Amount computed to cover the net present value of policies in force. ... $ 11,162 00
Reserve for premium reductions 7 63
Total net reinsurance reserve $ 11,169 63
Due on account of general expenses 42 00
Total liabilities outside of Canada $ 11,211 63
PREMIUM income.
Cash received for premiums $ 5,673 74
Premiums paid by dividends 3 98
Total premium income $ 5,677 72
LIFE INSURANCE COMPANIES 277
SESSIONAL PAPER No. 8
MUTUAL LIFE OF CANADA— Concludea.
EXPENDITURE.
Cash paid for death claims $ 1,000 00
Cash dividends applied in payment of premiums 398
Total paid to policy-holders $ 1,003 98
MISCELLANEOUS.
Number of policies reported during the year as taken 23
Amount of same $ 32,960 00
Kumber of policies become claims during the year 1
Amount of same 1,000 00
Number of policies in force in other countries 109
Amount of same 148,960 00
EXHIBIT OF POLICIES OUTSIDE OF CANADA.
Policies in force at December 31, 1901 : —
No. Amount. No. Amount.
Whole life policies 57 $ 75,000 00
Endowment policies 42 55,500 00
99 I 130,500 00
New policies issued during 1902
Whole life policies
Endowment policies
Old policies changed and transferred 2 2,000 00
Whole life policies.... 3$ 7,000 00
Endowment policies 11 15,460 00
14 22,460 00
Total 115 I 154,960 00
Deduct policies which have ceased to be in force 6 6,000 00
Policies outstanding at December 31, 1902 : —
Whole life policies 56 $ 78,000 00
Endowment policies 53 70,960 00
109 I 148,960 00
Number and amount terminated during the year,
viz. : —
No. Amount.
1. By death ... 1 $ 1,000 00
2. By lapse 3 3,000 00
3. By change 1 • 1,000 00
4. By not being taken 1 1,000 00
Total rr 6 1 6,000 00
278 DEPARTMENT OF FINANCE— INSURANCE BRANCH
2-3 EDWARD VII., A. 1908
THE MUTUAL LIFE INSURANCE COMPANY OF NEW YORK..
Statement for the Year ending December 31, 1902.
President — Richard A. McCurdy. | Secretary — Wm. J. Easton.
Principal Office-^^2 Nassau Street, New York City.
Chief Agent in Canada — Fayette Brown. | Head Office in Cariada — Montreal.
(Incorporated, April 12, 1842. Commenced business in Canada, September 1, 1885.)
No Capital.
assets in CANADA.
Amount of loans to Canadian policy-holders on the company's policies
assigned as collateral $ 401,621 93
Bonds, &c., in deposit with Receiver General : —
Par value. Book value. Market value.
Manitoba and South-Eastern Railway 4
per cent bonds 149,893 33 S 148,392 25 $ 148,392 25
Province of Nova Scotia 4 per cent bonds 400,000 00 407,962 50 400,000 00
Province of New Brunswick 4 per cent
bonds 219,000 00 219,214 00 219,000 00
Province of Manitoba 4 per cent bonds. 200,000 00 224,600 00 208,360 00
City of Montreal stock and bonds 965,000 00 993,870 00 968,456 88
Citv of Ottawa 5 per cent bonds 40,000 00 41,188 00 42,420 00
City of Guelph 5 per cent bonds 124,333 33 129,819 32 137,507 50
City of Toronto 4 per cent bonds 261,000 00 261,065 60 261,000 00
Total par, book and market values .$2, 359, 226 66 $2,426,111 67 $2,385,136 63
Carried out at market value 2,385,136 63
In deposit with Canadian trustees under the Insurance Act : —
Par value. Book value. Market value.
Guaranty Trust Company of New York
stock $300,000 00 $382,470 00 $1,800,000 00
United States Mortgage and Trust Co.
of New Yoik stock 300,000 00 435,960 00 1,200,000 00
National Bank of Commerce stock 100,000 00 163,840 00 300,000 00
Total par, book and market values .$ 700,000 00 $ 982,270 00 $3,300,000 00
Carried out at market value 3,300,000 00
Cash in Bank of Montreal, Montreal 215,020 1^
Gross premiums due and uncollected on Canadian ix)licies in force $ 73,568 10
Gross deferred premiums on same 55,938 58
Total outstanding and deferred premiums $ 129,506 68
Deduct cost of collection at 20 per cent 25,901 33
Net outstanding and deferred premiums 103,605 35
Total assets in Canada $ 6,405,384 10
LIFE INSURANCE COMPANIES 279
SESSIONAL PAPER No. 8
MUTUAL LIFE OF NEW YO^IL— Continued.
LIABILITIES IN CANADA.
*Ainount computed to cover the net present value of all outstanding
policies in Canada $ 5,634,994 00
Reserves for reversionary additions and,premiuin reductions 234,090 00
Reserves for life annuities 188,849 00
Total net reinsurance reserve $ 6,057,933 00
Present value of amounts not yet due on matured instalment policies . . 14,443 00
Claims for death losses due and unpaid 33,963 00
Claims for matured endowments due and unpaid 3,798 20
Annuity claims due and unpaid 680 00
Amount of dividends or bonuses to Canadian policy-holders due and
unpaid 2,943 42
Amount of all other liabilities in Canada — mortuary bond deposit .... 23,911 00
Total liabilities in Canada I 6,137,671 62
INCOME IN CANADA.
Amount of premiums received in cash during the year on life policies
in Canada $ 1,030,252 54
Premiums paid by dividends 6,751 77
Amount received for annuities 1,122 73
Total premium income, (new, $151,979.09 ; renewal,
$886,147.95) ! . $ 1,038,127 04
Amount received for interest and dividends 201,107 57
Total income in Canada $ 1,239,234 61
EXPENDITURE IN CANADA.
Amount paid during the year on account of claims in Canada : —
On account of death claims $ 257,471 70
On account of matured endowments . . , 131,763 60
Net amount paid on account of claims \ $ 389,235 30
Amount paid to annuitants 20,098 86
Cash paid for surrendered policies , 117,412 20
Cash dividends paid to Canadian policy-holders 9,698 65
Cash dividends applied in payment of premiums in Canada 6,751 77
Total amount paid to policy-holders $ 543,196 78
Cash paid for commissions, salaries, etc., in Canada 146,483 18
Licenses or taxes 7,874 96
All other expenditures, viz.: — Medical fees, $14,799 ; duty and freight,
$2,704..33 ; advertising and printing, $1,355.93 ; postage and tele-
grams, $2,799.33 ; office expenses and sundries,' $5,669.62 27,328 21
Total expenditure in Canada $ 724,883 13
*Based on the Combined Experience Table, with 4 per cent interest for policies issued previoua to
Jan. 1, 1898, and on the American Experience Table with 3^ per cent interest for policies issued since that
date.
280 DEPARTMENT OF FINANCE- INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
MUTUAL LIFE OF NEW YOl^Y.— Continued.
MISCELLANEOUS.
Number of new policies reported during the year as taken in
Canada 2,873
Amount of said policies % 4,111,945 00
Number of policies become claims in Canada during the year. . . 145
Amount of said claims. 409,233 00
Number of policies in force in Canada at date 13,139
Amount of said policies $26,926,730 00
Bonus additions 367,505 00
Net amount in force, December 31, 1902 27,294,235 00
Number of life annuities in force in Canada at December 31, 1902... 49
Amount of annual payments thereunder 21,778 86
EXHIBIT OF POLICIES (CANADIAN BUSINESS).
In force at beginning of year : —
No. Amount. No. Amount.
■ Whole life policies 8,802 $ 19,688,805
Endowments 2,568 5,273,448
Term and other 69 186,932
Bonus additions 299,578
, 11,439 $ 25,448,763 00
New policies issued : —
Whole life ,. 3,049 $ 4,.383,010
Endowment 516 790,195
Term and other . 31 100,000
Bonus additions ] 27,975
3,596 5,401,180 00
Old policies revived . 39 106,600 00
fi changed and increased 15 206,397 00
Total 15,089 131,162,940 00
Deduct terminated 1,950 3,868,705 00
In force at end of year : —
Whole life 10,301 $ 21,492,178
Endowments 2,771 5,263,669
Term and other 67 170,883
Bonus additions 367,505
13,139 % 27,294,235 00
DETAILS OF POLICIES WHICH HAVE CEASED TO BE IN FORCE.
Terminated by death
No.
99
46
15
Amount.
273,937
ti maturity
11 expiry
100,000
29,822
II surrender
14?
491,837
1- lapse
!. decrease
It not taken
920
........ 723
?, 432,544
191,282
1,289,235
Bonuses terminated
60,048
Total
. . 1,950
3,868,705
LIFE INSURANCE COMPANIES 281
SESSIONAL PAPER No. 8
MUTUAL LIFE OF NEW YO'SiYi— Continued.
General Business Statement for the Year ending December 31, 1902.
income during the year.
Total net premium income $56,874,062 15
Consideration for supplementary contractsnot involving life contingencies 332,626 16
Beceived for interest 13,423,728 31
Beceived for rents 1,382,943 26
Profit on sale or maturity of ledger assets 1,277,938 48
Premiums in suspense 13,724 38
Total income * $73,305,022 74
DISBURSEMENTS pURING THE YEAR.
Cash paid for losses and matured endowments $21,592,839 84
Cash paid to annuitants 1,805,506 68
Dividends paid policy-holders in cash 486,362 48
Dividends applied to pay renewal premiums 23,488 28
Dividends applied to purchase new paid up additions . 1,976,939 56
Paid for claims on supplementary contracts not involving life con-
tingencies 38,299 09
Surrender values paid in cash 2,570,256 13
Surrender values applied to pay new and renewal premiums 615,965 05
Commissions and bonuses to agents 8,590,550 92
Salaries and allowances for agencies 938,814 76
Agency expenses and travelling 237,103 83
Medical examiners' fees and salaries and inspection of risks 733,369 18
Salaries of officers and office employees 891,048 26
Taxes, licenses and insurance department fees 1,055,966 20
Bent 419,627 03
Cash paid for advertising 199,434 95
Cash paid for printing and stationery 632,136 04
Cash paid for postage 162,694 34
Legal expenses.. . .' 254,492 13
General expenses 925,412 83
Total disbursements $44,150,307 58
LEDGER ASSETS.
Book value of real estate unencumbered $32,833,323 45
Mortgage loans, first liens on real estate 81,566,584 60
Loans secured by pledge of bonds, stocks or other collateral 10,278,000 00
Loans on policies 14,620,874 79
Book value of stocks and bonds owned 194,776,395 69
Cash on hand and in banks 15,677,925 78
Agents' debit balances 393,861 52
Total ledger assets $350,146,965 83
282 DEPARTMENT OF FINANCE-INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
MUTUAL LIFE OF NEW YO^RK— Concluded.
NON-LEDGER ASSETS.
Interest due and accrued $ 2,398,573 13
Rents due and accrued 142,203 92
Market value of stocks and bonds over book value 25,363,910 33
Net amount of uncollected and deferred premiums 4,775,483 48
Grossassets $ 382,827,136 69
Deduct items not admitted, agents' debit balances 394,455 39
Total admitted assets $ 382,432,681 30
LIABILITIES.
^Net reinsurance reserve $ 311,303,247 00
Present value of amounts not yet due on supplementary contracts
not involving life contingencies 852,342 22
Total policy claims 1,688,186 20
Dividends or other profits due policy-holders 140,627 50
Premiums paid in advance 309,055 27
Reserve for Contingent Guarantee Fund 65,119,223 11
Surplus to be apportioned in 1903 3,020,000 00
Total liabilities on policy-holders' account % 382,432,681 30
EXHIBIT OF POLICIES.
Number of new policies issued during the year 91,502
Amount of said policies . 204,700,306 00
Number of policies terminated 37,956
Amount of said policies 107,615,956 00
Number of policies in force at date 543,194
Amount of policies in force (including bonus additions) 1,340,748,659 00
^Computed according to the Actuaries' Table of Mortality, with 4 per cent interest, for policies issued
before January 1, 1898, and on the American Table, with 3i per cent interest, for policies issued on or
after that date.
LIFE INSURANCE COMPANIES 283
SESSIONAL PAPER No. 8
*THE MUTUAL RESERVE LIFE INSURANCE COMPANY.
Statement for the Year ending December 31, 1902.
President — Frederick A. Burnham. | Secretary — Charles W. Camp.
Principal Office — 309 Broadway, New York.
Chief Agent in Canada — F. R. Harvey. | Head Office in Canada — Toronto.
(Incorporated pursuant to Chap. 267, Laws of New York. 1875. Re-incorporated
under Chap. 175, Laws of New York, passed April 2, 1883, and further
re-incorporated under the " Insurance Law," being Chap. 690 of
the Laws of New York, of 1892, passed April 17, 1902.
Commenced business in Canada, April, 1884.)
ASSETS IN CANADA.
Stocks and bonds, viz.: —
Par value. Market value.
tProvince of Quebec bonds S 50,000 00 % .53,500 00
tCanada 3 per cent sterling bonds 53,533 33 54,641 40
fWinnipeg debentures 35,000 00 36,400 00
Canada Coals and Railway debentures 5,000 00 4,000 00
fProvince of Quebec 3 per cent inscribed stock 126,533 33 116,410 67
Total par and market values $ 270,066 66 ^ 264,952 07
Carried out at market value ^ 264,952 07
Premium obligations on Canadian policies in force 70,883 16
Cash in banks in Canada, viz.: —
Molsons Bank, Montreal $ 5,652 88
Ontario Bank, Toronto 11,512 07
Atlas Loan Co., Toronto, Ont.. 2,269 22
Canadian Bank of Commerce, Winnipeg 757 79
Toronto General Trusts Corporation 15,000 00
35,191 96
On deposit with bonded collectors in Canada 7,817 07
Interest accrued 1,758 75
Net amount of outstanding and deferred premiums in Canada 20,764 00
Total assets in Canada ', % 401,367 01
*This company has given notice, pursuant to section 42a of the Insurance Act, of its intention tO'
maintain, after September 15, 1900, in respect of all i)olicie8 issued by it in Canada, after the passing of
the Act 62-63 Victoria, chapter 13 (August 11, 1899), the reserve required by section 25 and 35 of the
Insurance Act to be maintained by ordinary life insurance companies upon contracts of life insurance with
fixed or definite premiums. This companj', which has been reincorporated under its present name, was-
formerly knoNvn as the Mutual Reserve Fund Life Association.
'•In (leposit with Receiver General.
DEPARTMENT OF FINANCE-INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
MUTUAL RESERVE— (7on«inwe(^.
LIABILITIES IN CANADA.
Undfir Policies issued previous to August 11, 1899.
Amount of reserve provided upon Canadian policies
Reserve on annuity contract, P.P. I. — less assessments unpaid standing
against the same
Claims for death losses— adjusted but not due $ 8,000 00
II II unadjusted but not resisted 21,000 00
II M reported, awaiting proof 17,000 00
37,889 00
3,055 95
46,000 00
Total liabilities in respect of said policies in Canada. ... $ 86,944 95
Under Policies issued subsequent to August 11, 1899.
Amount of reserve provided upon Canadian policies % 104,425 00
Claims for death losses — reported, no proof received 3,686 04
" " —adjusted but not due 2,000 00
Total liabilities in respect of said policies in Canada $ 110,111 04
Total liabilities in Canada $ 197,055 99
IXCOME IX CANADA.
Cash received for premiums | 317,752 11
Liens taken in part payment of premiums 46,451 37
Premiums paid by dividends 420 94
Cash received for old age benefits 1,620 42
Total net premium income
Amount received for interest or dividends on stock
366,244 84
11,764 04
Total income in Canada | 378,008 88
EXPENDITURE IN CANADA.
Cash paid for death losses
Liens used in payment of same ,
162,234 61
1,555 96
Net amount paid during the year for death claims in Canada.
Cash paid for disability claims
Total amount paid during the year for death and disability claims in
Canada
Cash paid for old age benefits
Liens voided by lapse
Cash paid for surrendered policies
Bond redeemed
Total net amount paid to policy holders in Canada
Expenses for collection of premiums
Cash paid for commissions and salaries of officials in Canada
Cash paid for taxes, licenses, fees or fines in Canada
Miscellaneous expenditure, viz. : — Investigating claims, $562 ; rents,
$1,405 ; postage, $513.66 ; advertising and printing, $1,160;
general office expenses, $2,127.91
163,790 57
4,075 00
167,865 57
2,667 51
30,047 15
2,511 79
420 94
203,512 96
5,776 15
16,726 77
5,022 67
5,768 57
Total expenditure in Canada $ 236,807 12
LIFE INSURANCE COMPANIES 285
SESSIONAL PAPER No. 8
MUTUAL RESERVE— C'on^mwecf.
PREMIUM NOTE ACCOUNT.
Liens on hand at commencement of year | 56 (334 90
Liens received during the year 46 451 37
Total I ]02,486 2T
Deductions during bhe year, viz. : —
Amount of liens used in payment of claims $ 1,555 96
ti voided by lapse , 30,047 15
Total deductions 31,603 1 1
Balance, note assets at the end of the year | 70,883 16
MISCELLANEOUS.
Number of new policies reported during the year as taken in
Canada 284
Amount of said policies .$ 671,849 00
Number of policies become claims in Canada during the year. . . 93
Amount of said claims 162,896 34
Number of policies in force in Canada at date 5,147
Amount of said policies 10,263,737 00
EXHIBIT OF POLICIES.
In force at beginning of year —
No. Amount. No. Amount.
Whole life policies 1,076 $ 2,0(>0,599 00
Another 4,402 8,532,900 00
5,478 $10,593,499 00 '
New policies issued —
Whole life 221 $ 526,049 00
Another .... 63 145,800 00
284 671,849 00
Old policies revived 700 1,687,886 00
" changed and increased 82 94,000 00
6,544 113,047,234 00
Deduct terminated 1,397 2,783,497 00
In force at end of year —
Whole life 1,179 $2,440,952 00
All other 3,968 7,822,785 00
5,147 $10,263,737 00
DETAILS OF TERMINATIONS.
Terminated by death 93 $ 162,896 00
surrender 112 221,000 00
lapse 1,110 2,305,601 00
Policies changed and decreased 82 94,000 00
Total terminated 1,397 $2,783,497 00
286 DEPARTMENT OF FINANCE-INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
MUTUAL RESERVE— CW^inwed
DETAILS OF POLICIES ISSUED SUBSEQUENT TO AUGUST 11, 1899.
No. Amount.
Policies in force at beginning of year in Canada 580 $ 1,333,299 00
Policies issued or changed during the year 392 893,448 00
Policies terminated 280 657,260 00
Policies in force, December 31, 1902 692 1,569,487 00
General Business Statement b^or the Year ending December 31, 1902.
INCOME.
Total premium income | 4,579,808 82
Premium notes, loans or liens restored by revival of policies 3,212 52
Interest 293,755 42
Rent 148,644 36
Fees for alterations in policies 441 87
Total income $ 5,025,862 99
disbursements.
Death losses paid | 2,878,068 88
Premium notes voided by lapse 373,140 70
Surrender values paid in cash 61,969 37
Surrender values applied to pay renewal premiums 126 93
Surrender values applied to purchase paid-up insurance 7,514 37
Dividends paid policy-holders in cash 180 68
Dividends applied to pay renewal premiums 50,261 63
Total paid policy-holders $ 3,371,262 56
Commission and bonuses to agents 300,991 88
Commuting renewal commissions 74,500 00
Salaries and allowances for agencies 150,674 39
Agency supervision, travelling and other agency expenses . 69,784 02
Medical examiners' fees and inspection of risks 33,694 95
Salaries of officers and home office employees 285,727 44
Rent. 72,286 68
Advertising, printing and stationery and postage * 90,960 26
Legal expenses 43,327 51
Taxes, licenses and insurance department fees 91,522 10
All other disbursements 469,805 79
Total disbursements $ 5,054,537 58
ledger assets.
Cost value of real estate unencumbered $ 682,448 04
Mortgage loans (first liens) on real estate : . . 461,750 00
Loans made to policy-holders on the company's policies assigned as
collateral 2,040,869 42
Premium notes secured by liens on policies 66,330 31
Book value of stocks and bonds owned 508,247 53
Cash in banks and in office 712,903 61
Cash on deposit in collecting banks and with bonded collectors 133,387 00
Total ledger assets $ 4,605,935 91
LIFE INSURANCE COMPANIES 287
SESSIONAL PAPER No. 8
MUTUAL 'RE^W^V'S.— Concluded.
NON-LEDGER ASSETS.
Interest due and accrued , | 98,256 66
Bents due 5,060 65
Market value of bonds and stocks over book value 3,189 10
Market value of real estate over book value 59,382 38
Net amount of due and deferred premiums 832,594 00
Net premiums in transit, reserve charged in liabilities 137,260 00
Total assets. % 5,741,678 70
LIABILITIES.
Net present value of all outstanding policies in force $ 4,050,329 00
Liability on policies cancelled, upon which a reserve may be demanded. 2,740 00
Total policy claims 1,088,147 57
Due and accrued for salaries, rent, taxes, expenses, &c 51,702 86
Dividends or other profits due policy-holders 26,771 35
Premiums paid in advance 1,073 07
Dividends apportioned payable to policy-holders during 1903 5,894 43
Total liabilities.. % 5,226,658 28
Surplus I 515,020 42
EXHIBIT OF POLICIES.
No. Amount.
Newpolicies issued 18,510 | 14,883,327 00
Certificates and policies which have ceased to be in force
during 1902 21,166 35,577,603 00
Total in force, December 31, 1902 64,701 1 27,960,188 00
DEPARTMENT OF FINANCE— INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
THE NATIONAL LIFE ASSURANCE COMPANY OF CANADA.
Statement for the Year ending December 31, 1902.
Preside^it — Elias Rogers.
Secretary — F. Sparling.
Managing Director and Chief Agent —
R. H. Matson.
Principal Office — Toronto.
(Incorporated, June 29, 1897, by an Act of the Parliament of Canada, 60-61 Vic,
cap. 78. Commenced business in Canada, June 23, 1899.)
CAPITAL.
Amount of joint stock capital authorized , | 1,000,000 00
Amount subscribed for 500,000 00
Amount paid up in cash 98,754 70
(For List of Shareholders, see Appendix.)
ASSETS AS PER LEDGER ACCOUNTS.
Amount of loans made to policy-holders on the company's policies
assigned as collateral f 1,242 78
Stocks and bonds owned by the company : —
Par value. Market value. Cost value.
*.Province of Manitoba bonds $ 25,000 00 S 27,200 00 $ 26,325 00
*City of St. Henri, P.Q., bonds 30,000 00 35,025 00 33,222 00
City of Winnipeg debentures 21,000 00 22,245 00 20,901 70
... 1,000 00 990 00 950 00
1,946 66 1,888 26 1,825 19
15,000 00 16,584 00 15,589 50
15,500 00 20,370 10 20,.S70 10
15,000 00 17,925 00 17,836 50
City of Montreal
City of Toronto
Town of Maisonneuve
City of Vancouver
Toronto Street Ry.
Total par, market and cost values . . . $124,446 66 $142,227 36 $1.37,019 99
Carried out at cost value • 137,019 99
Cash at head office 244 77
Cash in banks : —
Imperial Bank of Canada, Toronto $ 14,064 16
„ Montreal 24 85
Bank of British North America, St. John, N.B 2,350 97
Total 16,439 98
Agents' ledger balances and advances to agents 6,873 05
Total ledger assets | 161,820 57
OTHER ASSETS.
Market value of stocks, bonds, debentures, &c., over cost 5,207 37
Office furniture and equipment 980 00
Interest accrued 730 92
Net amount of outstanding and deferred premiums — on new business,
113,180.92; om renewals, $17,150.93 30,331 85
Total assets | 199,070 71
* In deposit with Receiver General.
LIFE INSURANCE COMPANIES
SESSIONAL PAPER No. 8
NATIONAL LIFE OF CKE AD A— Continued,
LIABILITIES.
Amount computed to cover the net present value of all policies in force.. .$ 175,868 12
Deduct value of policies reinsured in other companies 8,860 70
■^Net reinsurance reserve % 167,007 42
Due on account of general expenses : — medical fees, $920.65 ; H. O.
rent, 2 mos., $120 .63 1,041 28
Total liabilities $ 168,048 70
Surplus on policy-holders' account $ 31,022 01
Capital stock paid up $ 98,754 70
INCOME DURING THE YEAR.
Cash received for premiums (new, $44,989.44 ; renewal, $72,664.65) $117,654 09
Deduct premiums paid to other companies for reinsurance 7,633 35
Net premium income $ 1 10,020 74
Amount received for interest or dividends on stock, &c 5,536 20
Total $ 115,556 94
Received for calls on capital 850 00
Total income during the year $ 116,406 94
EXPENDITURE DURING THE YEAR.
Cash paid for death losses (of which |6,000 accrued in 1901) $ 22,269 52
Cash paid for surrendered policies 1 45 00
Total amount paid to policy-holders $ 22,414 52
Cash paid for commissions, salaries and other expenses of officials 47,910 41
Cash paid for taxes, Hcenses, fees or fines 1,653 80
All other expenditure, viz: — Auditor's fees, $250 ; rents, $2,571.81;
postage, telegrams and express, $822.64; advertising, $723.19;
printing and stationery, $852.20; medical fees, $5,635.06; legal
expenses, $121.53; office furniture, $19.25; general expenses,
$423.41 11,419 09
Total expenditure $ 83,397 82
MISCELLANEOUS.
Number of new policies reported during the year as taken 955
Amount of said policies $ 1,405,535 00
Number of policies become claims during the year 11
Amount of said claims 17,500 00
Number of poKcies in force at date 2,212
Amount of said policies , , % 3,425.897 00
Amount of said policies reinsured in other licensed companies in Canada 197,917 00
Net amount in force at December 31, 1902 3,227,980 00
Based on Institute of Actuaries' H" 3J per cent Table.
8—19
290 DEPA R TMENT OF FIN A NCE—INS URA NCE BRA NGH
2-3 EDWARD VII., A. 1903
NATIONAL LIFE OF CA^ KD A— Co7icluiied.
EXHIBIT OF POLICIES.
Policies in force at December 31, 1901 : —
No. Amount, No. Amount.
Whole life policies 934 $1,469,264 00
Endowment assurances 338 526,640 00
Term and all other 338 559,000 00
1,610 % 2,554,904 00
New policies issued : —
Whole life policies 652 $ 964,435 00
Endowment assurances , 308 392,396 00
Term and all other 85 171,500 00
1,045 1,528,331 00
Old policies revived 17 21,500 00
Old policies changed and increased 9 10,000 00
Total.. 2,681 $ 4,114,735 00
Deduct policies which have ceased to be in force 469 688,838 00
Policies in force at December 31, 1902 : —
Whole life policies 1,330 $2,075,392 00
Endowment assurances 568 805,005 00
All other policies 314 545,500 00
2,212 I 3,425,897 00
DETAILS OF POLICIES WHICH HAVE CEASED TO BE IN FORCE.
No. Amount.
Policies terminated by death . . . .
,, M surrender
II It
II 11
II It
change and decrease
not being taken ....
11 1
17,500 00
3
9,900 00
356
521,642 00
9
17,900 00
90
122,796 00
Total terminated during year 1902 469 $ 688,838 00
DETAILS OF REINSURANCES.
Whole life $ 96,417 00
Endowment assurances 14,500 00
Term and all other 87,000 00
Total , $ 197,917 Oo
LIFE INSURANCE COMPANIES 291
SESSIONAL PAPER No. 8
THE NATIONAL LIFE INSURANCE COMPANY OF THE UNITED STATES
OF AMERICA.
Statement for the Year ending December 31, 1902.
President — Louis G. Phelps. | Secretary — R. E. Sackett.
Principal Office — Washington, D.C.
Principal Branch Office — 159 La Salle St., Chicago, 111.
Chief Agent in Ca7iada — Chas. Powis.
(Incorporated, July 25, 1868. Commenced business in Canada, June 11, 1869.)
Head Office in Canada —
153 Markland St., Hamilton, Ont.
capital.
Amount of capital authorized, subscribed for and paid up in cash | 1,000,000 00
assets in CANADA.
Cash in Bank of Montreal, in deposit with Receiver General. | 110,000 00
Gross deferred premiums on Canadian policies in force . . $ 122 22
Deduct cost of collection 23 56
Net deferred premiums , 98 66
Total assets in Canada % 1 10,098 66
liabilities in CANADA.
*Amount computed to cover the net reserve on all outstanding policies
in Canada I 54,562 00
Claims for death losses unadjusted but not resisted 138 00
ti matured endowments unadjusted but not resisted 267 00
Total net liabilities to policy-holders in Canada. ... $ 54,967 00
INCOME IN CANADA.
Premiums received in cash during the year on life policies in Canada . . % 956 03
Total income in Canada $ 956 03
Reserve based upon Institute of Actuaries' H^ Table of Mortality, with 4^ i^er cent interest.
8—191
292 DEPARTMENT OF FINANCE— INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
NATIONAL LIFE OF V.H.— Concluded.
EXPENDITURE IN CANADA.
Cash paid for death claims | 3,000 00
Cash paid for commissions, salaries and other expenses of officials in
Canada 60 00
Taxes, licenses, fees or fines 115
Total expenditure in Canada $ 3,061 15
MISCELLANEOUS.
Number of policies become claims in Canada during the year (including
matured endowments) 3
Amount of said claims $ 3,138 00
Number of policies in force in Canada at date 107
Amount of said policies $ 94,006 39
Total net amount in force at December 31, 1902. . . 94,006 39
EXHIBIT OF POLICIES (CANADIAN BUSINESS).
In force at beginning of year : —
No. Amount. No. Amount.
Whole life 108 $ 95,944.39
Endowments. . 2 1,200 00
110 $ 97,144 39
Deduct terminated 3 3,138 00
In force at end of year : —
Whole life 105 $ 92,806 .39
Endowments 2 1,200 GO
107 % 94,006 39
DETAILS OF TERMINATIONS.
Terminated by death 3 $ 3,138 00
Total 3 I 3,138 00
LIFE INSURANCE COMPANIES 293
SESSIONAL PAPER No. 8
NEW YORK LIFE INSURANCE COMPANY.
Statement for the Year ending December 31, 1902.
President — John A. McCall. | Secretary — Chas. C. Whitney.
Principal Office — 346 and 348 Broadway, New York.
Chief Agent in Canada — W. A. Dart. | Head Office in Canada — Montreal.
(Incorporated, May 21, 1841. Commenced business in Canada about 1868.)
No Capital.
ASSETS IN CANADA.
Real estate — stone building, corner Place d'Armes Square and St.
James Street, Montreal (free from encumbrance) $ 350,000 00
Amount of loans to Canadian policy-holders on the company's policies
assigned as collaterals ($555,950.36 on policies issued subsequent
to March 31, 1878) 564,102 36
Premium obligations on Canadian policies in force ($24,612.99 on poli-
cies issued subsequent to March 31, 1878) 24,869 64
Bonds and debentures, viz.: —
Par value. Market value.
*Commonwealth of Massachusetts, 1939 -. % 835,000 00 % 818,300 00
*Canadian Northern Railway 4 per cent bonds, 1929... 389,333 33 385,434 72
*City of Ottawa 5 per cent debentures, 1908 . . .... 100,000 00 110,000 00
* Province of Quebec 5 per cent bonds, 1908 80,000 00 84,800 00
West Shore R. R. 4 per cent bonds, 2361 720,000 00 799,200 00
Chicago and North-western general gold bonds, 3^
per cent of 1987 1,000,000 00 1,040,000 00
Union Pacific Railway and L. G., 1st, 4's., 1947 60Q,000 00 618,000 00
Chicago, Mil. and St. Paul, general S^'s., 1989 660,000 00 660,000 00
Commonwealth of Massachusetts, 1939 675,000 00 661,500 00
City of Quebec, 3^'s., 1931 100,000 00 100,000 00
$5,159,333 33 $5,277,234 72
Carried out at market value 5,277,234 72
Cash at branch offices in Canada 1,182 64
Cash in banks, viz.: —
Bank of Montreal, Montreal $ 120,010 67
Bank of Nova Scotia, Halifax 3,000 00
Branch office bank balances ... 1,557 81
124,568 48
Agents' ledger balances 101 91
Interest due, $56,575; accrued, $23,138.67 79,713 67
Rents due, $170.85 ; accrued, $4,265.65 4,436 50
Gross preiiiiums due and uncollected on Canadian policies in force (of
which $83,963.59 belong to policies issued subsequent to March 31,
1878) $ 84,417 59
Gross deferred premiums on same (of which $40,978 belong to policies
issued subsequent to March 31, 1878) 42,017 00
Total outstanding and deferred premiums $ 126,434 59
Deduct cost of collection at 20 per cent 25,286 92
Net outstanding and deferred premiums 101,147 67
Total assets in Canada $ 6,527,357 59
^Deposited with the Receiver General.
294 DEPARTMENT OF FINANCE— INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
NEW YORK JAY^— Continued,
LIABILITIES IN CANADA.
Under Policies issued previous to March Sl^ 1878.
Amount computed to cover the net present value of all Canadian
policies and bonuses in force $ 421,653 00
Reserves for reversionary additions 43,129 00
^^ Total $ 464,782 00
Deduct value of said policies reinsiired in other companies licensed in
Canada. . , 2,298 00
■^Net reinsurance reserve % 462,484 00
Amount of unpaid claims, viz.: —
Death losses unadjusted but not resisted ($16. 40 accrued in previous
^, years) $ 457 74
Matured endowments, due and unpaid (accrued in previous years). 849 05
Total death claims and matured endowments 1,306 79
Total net liabilities $ 463,790 79
Under Policies issued subsequent to March 31, 1878.
Amount computed to cover the net present value of all Canadian
policies in force $5,781,965 00
Reserves for reversionary additions 48,741 00
Reserves for life annuities 164,815 00
*Net reinsurance reserve | 5,995,521 00
Present value of amounts not yet due on supplementary contracts not ■
involving life contingencies 46,025 00
Claims for death losses unadjusted but not resisted 15,714 26
Claims for death losses reported after close of year 10,000 00
Claims for matured endowments due and unpaid (accrued in previous
years) 600 00
Amounts of dividends and bonuses to Canadian policy-holders due and
unpaid 3,923 22
Total net liabilities to said policy-holders in Canada. ... $ 6,071,783 48
Total net liabilities to all policy-holders in Canada $ 6,535,574 27
INCOME IN CANADA.
Cash received during the year for premiums in Canada | 1,229,114 28
Premium obligations taken in part payment of premiums 7,054 14
Premiums paid by dividends 10,632 29
Cash received for annuities 36,809 16
Total I 1,283,609 87
Deduct premiums paid for reinsurance. . 128 60
Net premium income $ 1,283,481 27
Amount received for interest on bonds, (fee 247,795 10
Net amount received for rents (after deducting all taxes and expenses). 8,838 99
Total income in Canada I 1,540,115 36
*Ba8ed on Actuaries' Table of Mortality, with 4 per cent interest.
LIFE INSURANCE COMPANIES 295
SESSIONAL PAPER No. 8
NEW YORK 1A¥^— Continued.
EXPENDITURE IN CANADA.
Cash paid for death losses $ 286,304 31
Premmm obligations used in payment of same ... 260 50
Total amoant paid for death claims $ 286,564 81
Cash paid for mati;red endowments % 159,59139
Premium obligations used in payment of same 313 24
Total amount paid for matured endowments 159,904 63
Totil net amount paid on account of claims $ 446,469 44
Cash paid to annuitants 12,570 95
Cash paid for surrendered policies 115,230 36
Cash dividends paid to Canadian policy-holders 91,469 30
Cash dividends applied in payment of premiums in Canada 10,632 29
Total net amount paid to policy-holders in Canada $ 676,372 34
Cash paid for commission and salaries 197,966 11
Cash paid for licenses, taxes, fees or fines 9,980 68
Miscellaneous payments, viz: — Rents, $7,975.77 ; stationery, printing,
etc. $468.95; postage, telegraph, &c., $4,465.97; advertising,
$788.93; travelling expenses, $7,031.73; office furniture,
$3,642.51; legal expenses, $1,772.90; bank exchange and com-
mission, $493.57; medical fees, $21,036.35; sundry expenses,
$1,404.01 49,080 69
Total expenditure in Canada $ 933,399 82
PREMIUM NOTE ACCOUNT.
Prenjium obligations on hand at commencement of year. $ 20,329 69
II received during the year 7,054 14
Total $ 27,383 83
Amoimt of obligations redeemed in cash , $ 1,648 12
II II used in payment of claims 573 74
II M used in purchase of surrendered policies 292 33
Total deductions 2,514 19
Balance, note assets at end of year $ 24,869 64
MISCELLANEOUS.
Number of new policies reported during the year as taken in
Canada 3,869
Amount of said policies (including $13,351 bonus additions) $ 6,445,948 00
Number of policies become claims in Canada during the year 226
Amount of said claims 448,316 00
Number of policies in force in Canada at date 19,392
Amount of said policies $ 34,945,128 00
Bonus additions thereon 133,487 00
Total _ $ 35,078,615 00
Amount of said policies reinsured in other licensed companies in
Canada 7,000 00
Net amount in force December 31, 1902 35,071,615 OQ
Number of life annuities in force in Canada 32
Amount of annual payments thereunder 16,618 45
296 DEPARTMENT OF FINANCE-INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
NEW YORK JAY-E— Continued,
EXHIBIT OF POLICIES.
Policies in force at beginning of year : —
No. Amount. No. Amount.
Whole life 12,813 $22,481,507
Endowments 3.698 6,917,838
Term and all other 422 2,178,832
Bonus additions 130,050
16,933 $31,708,227 00
New policies issued : —
Whole life 2,724 $ 4,409,961
EndoviTiients 1,142 1,873,852
Term and all other 3 148,784
Bonus additions 13,351
3,869 6,44.5,948 00
Old policies revived 40 74,-530 00
Old, changed and increased 10,299 00
Total 20,842 $38,239,004 00
Deduct terminated 1,450 3,160,389 00
Policies in force Dec. 31, 1902 :—
Whole life 14,438 $24,844,963
Endowments 4,471 8,098,455
Term and all other 483 2,001,710
Bonus additions . 133,487
19,392 $35,078,615 00
DETAILS OF TERMINATIONS.
No. Amount.
Terminated by death 147 $ 288,203 00
n maturity 79 160,113 00
II expiry (including term extension contract) 943 1,824,196 00
surrender 229 531,374 00
lapse 52 203,082 00
II change and decrease 153,421 00
Total terminated 1,450 $3,160,389 00
DETAILS OF POLICIES ISSUED PRIOR TO MARCH 31, 1878.
No. Amount.
Policies in force at beginning of year (including bonus additions,
$65,706) , 370 $ 828,845 00
Bonuses added during the year 1,878 00
Policies terminated (including bonus additions, $5,225) 22 46,325 00
Policies in force at date of statement (including bonus additions,
$62,359) 348 784,398 00
LIFE INSURANCE COMPANIES 297
SESSIONAL PAPER No. 8
NEW YORK lAYY.— Continued,
General Business Statement for the Year ending December 31, 1902.
INCOME DURING THE YEAR.
Total net premium income | 65,049,944 54
Received for interest and discount on claims paid in advance. ....... 11,886,861 87
Received for rent.. •.' 1,058,590 65
Consideration for supplementary contracts not involving life con-
tingencies 459,894 25
Premium notes, loans or liens restored by revival of policies 3,936 67
Profit on sale or maturity of ledger assets 649,173 36
Total income. I 79,108,401 34
DISBURSEMENTS DURING THE YEAR.
Total amount paid for losses and matured endowments f 19,977,609 49
Cash paid to annuitants , 1,626,605 44
Premium notes voided by lapse 10,369 82
Cash paid for surrendered policies 4,682,155 81
Surrender values applied to pay running premiums 21,304 31
Dividends paid to policy-holders in cash , 3,281,896 93
Dividends applied to pay renewal premiums 495,536 28
Dividends applied to purchase paid up additions and annuities 463,081 69
Paid for claims on supplementary contracts not involving life contin-
gencies 37,278 45
Cash paid for commission and advances to agents 8,364,518 69
Commuting renewal commissions 5,268 64
Medical examiners' fees and inspection of risks 824,338 95
Salaries of oflficers and home oflBce employees , 836,735 63
Salaries and allowances for agencies . 2,297,945 54
Agency supervision, travelling and all other agency expenses 870,876 23
Taxes, licenses and fees ... 932,1 13 03
Rent 550,935 28
Loss on sale or maturity of ledger assets 73,284 94
Miscellaneous expenditure 1,573,736 32
Total disbursements $ 46,925,591 47
ASSETS.
Real estate unencumbered % 12,880,000 00
Loans on bond and mortgage, first liens, on real estate 26,125,318 09
Loans secured by pledge of bonds and stocks 4,104,000 00
Loans on the company's policies assigned as collateral 22,093,673 94
Book value of bonds and stocks owned 218,423,051 18
Cash on hand and in banks 22,622,057 83
Premium notes on policies in force ' 2;664,475 59
Total invested assets $308,912,576 63
298 DEPARTMENT OF FINANCE— INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
NEW YORK lAFY.— Concluded.
OTHER ASSETS.
Interest due and accrued % 1,845,560 67
Rents due and accrued 25,214 77
Market value of bonds and stocks over book value 6,616,244 28
Net amount of uncollected and deferred premiums 5,441,303 68
Total admitted assets $322,840,900 03
LIABILITIES.
*Net reinsurance reserve $268,344,420 00
Total unsettled policy claims 2,509,476 97
Premiums paid in advance 890,692 19
Liability on policies cancelled 60,003 85
Present value of amounts not yet due on supplementary contracts not
involving life contingencies 785,744 06
Commissions due to agents on premium notes when paid 30,766 31
Dividends or other profits due to policy-holders 185,677 79
Reserve on policies which the company values on higher basis than that
used by the New York State Insurance Department 5,397,325 00
Reserve to provide dividends payable to policy-holders in 1903 and in
subsequent years per policy contracts 44,636,793 86
Total liabilities $322,840,900 03
EXHIBIT OF POLICIES.
Number of new policies issued during the year 155,440
Amount of said policies $293,329,582 00
Number of policies terminated during the year 52,135
Total amount terminated 117,436,502-00
Number of policies in force at date of statement 704,567
Net amount of said policies 1,553,628,026 00
* Computed according to the American Experience Table of Mortality, with 3 per cent interest as to
policies known as the company's 3/^ policies and as to policies issued since Dec. 31, 1900. Other ^xjlicies
computed as per Combined Experience table of Mortality with 4 per cent interest.
LIFE INSURANCE COMPANIES
SESSIONAL PAPER No. 8
THE NORTH AMERICAN LIFE ASSURANCE COMPANY.
Statement for the Year ending December 31, 1902.
President — John L. Blaikie. j Mmiaging Director and Chief Agent —
I William McCabe, LL.B., RLA.
Secretary — L. Goldman, A. I. A.
Head Office — Toronto, Canada.
(Incorporated May 15, 1879, by 42 Vic, cap. 73 ; amended in 1882 by 45 Vic, cap. 98 ;
and in 1897 by 60-61 Vic, cap. 79. Commenced business in Canada.
January 10, 1881.)
capital.
Amount of guarantee fund authorized and subscribed for $ 300,000 00
" paid up in cash 60,000 00
(For List of Guarantors, see Appendix.)
ASSETS AS per LEDGER ACCOUNTS.
Value of real estate held by the company (including company's
building) $ 404,684 69
Amount secured by way of loans on real estate, by bond or mortgage,
first liens 1,070,703 98
Amount of loans secured by bonds, stocks, or other marketable col-
laterals, viz.: —
Stock. Shares. Par value. Market value. Loan.
Dominion Bank 30 $ 1,500 00 $ 3,720 00 $ 3,350 00
50 2,500 00 0,200 00 5,700 00
Bank of Ottawa 95 9,500 00 21,090 00 \ oi qt^ aa
Dominion Bank 124 0,200 00 15,370 00 j" «5AiO<i> w
Toronto Electric Light 50 5,000 00 7,750 00 6,500 00
Bank of Ottawa 34 3,400 00 7,548 00 6,6:30 00
Bank of Toronto 23 2,300 00 5,807 50 5,000 00
Bank of Commerce 40 2,000 00 3,240 00 2,900 00
Toronto Street Railway 25 2,500 00 2,912 50 2,550 00
Bank of Hamilton 113 11,300 00 26,103 00 25,200 00
10 1,000 00 2,310 00 2,200 00
Ontario Bank 35 3,500 00 4,655 00 4,025 00
Toronto Electric Light 25 2, TOO 00 3,875 00 3,550 00
Dominion Bank 126 6,300 00 15,664 00 14,280 00
36 1,800 00 4,464 00 4,070 00
50 2,500 00 6,200 00 5,750 00
Toronto Electric Light 30 3,000 00 4,650 00 4,250 00
25 2,500 00 3,875 00 3,500 00
300 DEPARTMENT OF FINANCE- INS UB A NOE BRANCH
2-3 EDWARD VII., A. 1903
NORTH AMERICAN LIFE— Continued.
ASSETS — Continued.
Stock. Shares. Par value. Market value. Loan.
Western Assurance 60 $ 2,400 00 $ 2,376 00 $ 1,920 00
Dominion Bank 20 1,000 00 2,480 00 2,000 00
53 2.650 00 6,572 00 6,000 00
12 600 00 1,488 00 1,175 00
Standard Bank 30 1,500 00 3,780 00 1,000 00
Bank of Commerce 15 750 00 1,215 00) , k-r ^.
Imperial Bank 7 700 00 1,673 00/ 1,0/ o w
Twin City 75 7,500 00 8,887 50 \ 1., ^caa nn
Toronto Street Eailway 50 5,000 00 5,825 00/ i^,ow uu
Bank of Commerce 55 3,750 00 4,455 00 3,987 00
Dominion Bank 130 6,500 00 16,120 00 15,000 00
96 4,800 00 11,904 00 11,000 00
50 2,.500 00 6,200 00 5,875 00
108 5,400 00 13,392 00 11,880 00
Commercial Cable 50 5,000 00 8,500 00 6,800 00
Toronto Electric Light 50 5,000 00 7,750 00 7,000 00
Toronto Street Railway 50 5,000 00 5,825 00 4,750 00
Ontario Bank 333 33,300 00 44,289 00^
Bank of Commerce 215 10,750 00 17,415 00 I fio qi r^nn
Imperial Bank 22 2,200 00 5,258 00 j' ^^'^^^ ^
National Trust 73 7,300 00 10,00100/
Toronto Electric Light 224 22,400 00 34,720 00 | .(, ono aa
Toronto Street Railway 150 15,000 00 15,475 00/ 'i^,^^^ ^^
Dominion Bank 50 5,000 00 6,200 00 5,750 00
Bank of Commerce 61 3,050 00 4,941 00 ) f^ (.^^ ^^
Ontario Bank 10 1,000 00 1,330 00/ o,duu uu
Totals $ 229,350 00 $ 393,511 50 $ 351,257 00
Total amount loaned $ 351,257 00
Amount of loans made to policy-holders on the company's policies
assigned as collaterals 307,818 50
Amount of loans on policies of other companies 6, 186 95
Debentures and bonds owned by the company, viz.: —
In deposit loith Receiver General. Par value. Market value. Book value.
Township of Uxbridge
Town of Thornbury
Village of Tiverton
Village of Ayr
Town of Palmerston
Township of Pickering
City of Brantford . ,
Total with Receiver General
In possession of Company.
City of Brantford
II Kmgston
Town of Parkdale .
11 Cornwall
Village of Uxbridge
Town of Newmarket
City of Guelph
Town of Berlin
Town of Durham
Village of Preston ...
Province of New Brunswick
Town of Tilsonburg . . .
Town of Niagara Falls.
$ 19,000 00 $
20,983 60 $
20,034 63
2,000 00
2,078 80
2,000 00
1,500 00
1,.505 35
1,500 00
8,000 00
8,291 20
7,880 00
750 00
785 79
737 52
2,036 43
2,112 45
2,036 43
27,000 00
27,010 20
63,367 39 $
27,000 00
$ 60,286 43 S
61,188 58
$ 14,200 00 $
14,520 92 $
1.3,376 00
8,400 00
3, .588 70
3,524 28
8,867 70
9,377 48
9,191 93
7,211 79
7,627 19
7,475 22
10,700 00
11,334 65
11,167 35
6,000 00
6,243 60
6,175 94
10,000 00
11,315 CO
11,125 15
3,600 00
3,791 52
3,792 07
5,278 91
5,475 54
5,475 54
5,000 00
5,166 30
5,166 30
1,800 00
1.872 25
1,872 25
7,000 00
7,135 70
7,135 70
8,562 00
9,333 29
9,333 29
2,844 84
2,971 18
2,971 18
2,407 50
2,433 24
2,433 24
24,-500 CO
25,416 30
25,108 19
.500 00
534 10
522 39
4,000 00
4,251 20
4,049 24
12,760 48
14,011 16
14,011 16
8,717 36
9,081 54
9,034 39
LIFE INSURANCE COMPANIES
SESSIONAL PAPER No. 8
NORTH AMERICAN lAY^— Continued.
ASSETS — Continued.
301
In possession of Company. Par value.
Regina School District No. 4 % 8,748 10
Town of Yarmouth 20,000 00
Village of Dundalk 309 16
City of Fredericton 4,000 00
Town of Collingwood 7,300 00
Town of SpringhiU 12,000 00
Town of Renfrew 6,142 16
Town of Woodstock, N.B 4.000 00
Town of Granby 25,000 00
Town of Dartmouth 4,000 00
City of Halifax (stock) 5,000 00
Village of Alexandria 2,632 38
20,182 24
Town of Westville 5,000 00
Town of Port Perry 27,553 53
Town of Carleton Place 4,500 00
Village of Tilbury 8,294 03
Town of Rat Portage . 10,325 72
Town of Stellarton 15,000 00
Town of North Sydney 9,000 00
Hamilton, Grimsby & Beamsville Ry. 9,000 00
.... 2,000 00
Township of WeDesley 3,951 36
City of Halifax 140,000 00
111,000 00
Winnipeg Electric Railway 20,000 00
Quebec Railway, Light and Power Co 25,000 00
Detroit United Railway 100,000 00
St. Croix Power Co 8,000 00
Chicago and Milwaukee Electric 200,000 00
Niagara, St. Catharines & Toronto Ry 27,000 00
Total at head office $ 992,289 26
Total debentures .$ 1,052,563 21
Market value.
Book value.
$ 8,852 58 .$
8,568 55
20,000 00
20,000 00
311 60
312 57
4,179 81
4,179 81
7,724 37
7,724 37
12,070 80
12,082 88
6,765 26
6,765 26
4,063 83
4,063 83
26,878 13
26,878 13
4,195 42
4,195 42
6,666 50
6,451 60
2,899 30
2,899 30
22,234 13
22,234 13
5,119 30
5,119 30
27.553 53
27,553 53
4,641 01
4,730 14
8,981 95
8,981 95
11,019 63
11,019 63
15,561 00
15,707 28
9,491 52
9,491 52
10,131 30
9,568 51
2,251 40
2,122 37
3,998 30
3,951 36
144,501 00
143,892 00
120.5 1 60
118,636 80
22,244 00
21,842 09
25,500 00
25,000 00
100,000 00
97,500 00
8,080 00
8,000 00
205,000 00
200,000 00
27,270 00
27,000 00
$ 1,034,168 13 $
1,019,413 14
% 1,097,535 52 $
1,080,601 72
Stocks owned as at December 31, 1902 : —
Stocks.
Shares.
Market
Rate
Book
Market
Price.
p.c.
Value.
Value.
123
6
$ 15,875 00
$ 15,990 00
239
10
38,446 00
43,020 00
104
4
60,900 00
61,360 00
161i
7
14,381 62
12,920 00
214
9
9,443 00
10,165 00
231
10
52,242 00
57,288 00
168
Hi
40,422 75
38,640 00
12H
t)
9,956 00
9,173 00
133
6
600 00
665 00
222
9
35,733 75
37,296 00
248
10
110,796 67
116,808 00
162
7
58,576 75
63,828 00
165
7*
205,713 87
217,800 00
155
<
101,302 25
105,245 00
215
•10
344,913 24
340,150 00
par.
7
5,(KX) 00
5,000 00
120
6
241,416 00
241,416 00
170
8
110,010 97
$1,455,729 87
119,000 00
$1,501,764 00
Ottawa Gas Co 130
Imperial Bank of Canada. . 180
Ottawa Electric Co 590
Merchants Bank of Canada. 80
Molsons Bank 95
Bank of Hamilton 248
Montreal Telegraph Co . . . 575
Dominion Telegraph Co. , 151
Ontario Bank 5
Bank of Ottawa 168
Dominion Bank 942
CanadianBank of Commerce 788
Toronto General TrustsCor-
])oration 1,320
Toronto Electric Light Co. 679
Consumers Gas Co 3,220
Land Security Co 500
Canada Perm, and Western
Canada 20,118
Commercial Cable Co 700
Total stocks and bonds carried out at cost value (market value,
12,599,299.52) I 2,536,331 59
Cash at head office 1,615 79
302 DEPARTMENT OF FINANCE:— INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
NORTH AMERICAN JAY'S.— Continued.
ASSETS — Concluded.
Cash in banks, viz. : —
Imperial Bank of Canada, Toronto % 61,938 97
Union Bank of Canada, Toronto. . 14,408 43
Eastern Townships Bank, Montreal 3,255 70
Bank of Nova Scotia, Halifax 3,334 33
Union Bank of Canada, Winni^jeg 1,901 35
Citizens' Savings Bank, Detroit 605 99
National Park Bank, New York 130 59
Dominion Bank, Winnipeg 1,974 02
Total I 87,549 38
Reversions (purchased policies of other companies) 6,200 89
Fire premiums paid on account of mortgagors (and suspenses) 1,436 58
Total , . . . . I 4,773,785 35
OTHER ASSETS.
Interest due $ 5,320 03
1, accrued 29,764 20
Total carried out 35,084 23
Rents due $ 2.423 88
M accrued 537 65
Total carried out 2,961 53
Net amount of uncollected and deferred premiums : on new business,
150,366.80 ; on renewals, $148,625.30 198,982 10
Total assets % 5,010,813 21
LIABILITIES.
* Amount computed to cover the net present value of all policies in force. $ 4,336,741 00
Reserve for reversionary additions and premium reductions 6,940 00
Reserve for life annuities. . 92,997 00
Total % 4,436,678 00
Deduct value of policies reinsured in other companies 51,113 00
Net reinsurance reserve
Claims for death losses, awaiting proof
Claims for death losses resisted, in suit (accrued in previous years)
Interest on guarantee fund accrued
Dividends or bonuses to policy-holders due and unpaid
Due on account of general expenses
Premiums paid in advance
4,385,565 00
34,500 00
1,000 00
3,000
00
5,195
00
3,500
00
3,008
45
Total liabilities $ 4,435,768 45
Surplus on policy-holders' account $ 575,044 76
Capital stock paid up 60,000 00
* Based on H^^ Table of Mortality of the Institute of Actuaries of Great Britain and Ireland, with
interest at 4^ i)er cent for policies issued prior to January 1, 1897, and at 4 per cent for policies issued
between January 1, 1897, and December 31, 1899 ; and at 3iper cent for policies issued since January 1, 1900.
LIFE INSURANCE COMPANIES 303
SESSIONAL PAPER No. 8
NORTH AMERICAN JAY^—Continu9d.
INCOME DURING THE 'YEAR.
Cash received for premiums (new, 1203,575.89 ; renewal, $848,598.61). | 1,052,174 50
Gash received for annuities 18,786 65
Total I 1,070,961 15
Deduct premiums paid to other companies for reinsurance . . 21,308 41
Net premium income S 1,049,652 74
Amount received for interest 202,375 46
Amount received for rents 18,812 01
Total income , $ 1,270,840 21
EXPENDITURE DURING THE YEAR.
Cash paid for death losses $ 202,857 77
Deduct amount received from other companies for reinsured death
claims 8,500 00
Net amount paid for death claims I 193,857 77
Net amount paid for matured endowments 46,350 00
Total paid for death claims and matured endowments. . . $ 240,207 77
Cash paid to annuitants 9,407 44
Cash paid for surrendered policies ! 11,191 24
Net amount paid for matured investment policies - . . 50,257 40
Cash dividends paid to policy-holders 63,449 29
Total paid to policy-holders I 374,513 14
Cash paid for interest on guarantee fund 6,000 00
Commissions, salaries and other expenses of officials 230,730 96
Taxes, licenses, fees or fines 10,874 93
Other expenditure, viz.: — Medical fees, $16, 061 ; advertising, $6,155.53 ;
exchange, $781.82; generalexpenses, $4,830.65; postage, $3,344.75;
printing and stationery, $11,059.62; legal expenses, $1,476.18;
commission on loans, $1,293.15; insurance books, papers, tfcc,
$306.70; rent, fuel, kc, $14,450.45; office furniture, $3,280.34;
property maintenance, improvement, d'C, $6,205.25 69,245 44
Total expenditure $ 691,364 47
SYNOPSIS OF LEDGER ACCOUNTS.
Amount of net ledger assets at beginning of year $ 4,194,309 61
Income during the year (as above) 1,270,840 21
Total $ 5,465,149 82
Expenditure as above 691,364 47
Balance, net ledger assets, December 31, 1902 $ 4,773,785 35
304 DEPARTMENT OF FINANCE— INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
NORTH AMERICAN ~L1¥^— Continued.
MISCELLANEOUS.
Number of new policies reported during the year as taken .... 9,504
Amount of said policies $ 5,908,185 00
Amount of said policies reinsured in other companies 136,500 00
Number of policies become claims during the year 181
Amount of said claims 242,100 00
Amount of above claims reinsured in other companies 3,500 00
Number of policies in force at date (including industrial
and provident) 24,761
Amount of said policies $ 30,518,908 00
Bonus additions 9,796 00
Premiums returnable in event of death. ... 108,564 00
Total % 30,037,268 00
Amount of said policies reinsured in other companies 702,941 00
Net amount in force on December 31, 1902 29,934,327 00
Number of life annuities in force, 56 ; annual payments thereunder. . . 10,018 57
EXHIBIT OF POLICIES.
In force at December 31, 1901 : —
No. Amount No. Amount.
Whole life policies 14,365 $ 18,253,426
Endowment asssurances ...... 5,152 5,599,201
Term and all other 1,952 4,047,970
Bonus additions and return premiums 77,197
21,469 I 27,977,794 00
New policies issued : — •
Whole life policies 2,122 $ 3,045,140
Endowment policies 1,359 1,894,278
Term and all other • 345 736,888
Bonus additions, &c.. . 403
Provident policies issued 5,905 678,676
9,731 6,355,385 00
Old policies revived 26 43,710 00
Old, changed and increased. . 33 109,095 00
Totals 31,259 $ 34,485,984 00
Deduct terminated and not taken 6,498 3,839,186 00
In force at December 31, 1902 : —
Whole life policies 16,835 $ 19,892,743
Endowment policies 5,991 6.748,933
Term and all other 1,935 3,896,558
Bonus additions and return premiums 108,564
24,761 I 30,646,798 00
DETAILS OP POLICIES WHICH HAVE CEASED TO BE IN FORCE.
No. Amount.
Terminated by death 148 $ 195,750
maturity 33 46,350
expiry 3,240
„ surrender 252 396,270
lapse 5,564 2,120,005
!i change and decrease 33 177,679
Policies not taken of 1902 issues 227 447,200
-I ti of issues of previous years 239 451,317
II cancelled 2 1,275
Totals 6,498 3,839,186
LIFE IlSlSURANCi: COMPANIES 305
SESSIONAL PAPER No. 8
NORTH AMERICAN JAYY^Continued.
DETAILS OF POLICIES REINSURED.
Amount.
Whole life $ 506,941
Endowment 5,000
All other 191,000
$ 702,941
Business done outside of Canada.
(lucluded in above Statement.)
assets as per ledger accounts.
Amount secured by way of loans on real estate, by bond or mortgage,
first liens I 187,475 00
Book value of stocks, bonds or debentures owned by the company. . . 262,528 80
Cash in banks 736 58
Total $ 450,740 38
OTHER ASSETS.
Interest due ., $ 159 80
accrued 5,882 17
Total carried out 6,041 97
Net amount of uncollected and deferred premiums : on new business,
$21,141.52 ; on renewals, |8,894.98 " 30,036 50
Total assets outside of Canada $ 486,818 85
liabilities outside of CANADA.
Amount computed to cover the net present value of all policies in force $ 157,444 00
Deduct value of policies reinsured in other companies 2,591 00
Net reinsurance reserve $ 154,853 00
Claims for death losses unadjusted, awaiting proofs 4,500 00
• Total liability $ 159,353 00
income during the year outside of CANADA.
Cash received for premiums ($44,844.65 first year, |29,930.51 renewals) $ 74,775 16
Deduct premiums paid to other companies for reinsurance .'.... 2,196 53
Net premium income $ 72,578 63
PAYMENT to POLICY-HOLDERS OUTSIDE OF CANADA.
Cash paid for death losses $ 13,858 00
Total paid to policy-holders $ 13,858 00
8—20
306 DEPARTMENT OF FINANCE— INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
NORTH AMERICAN J AY¥.— Concluded.
MISCELLANEOUS.
Number of new policies reported during the year as taken in other
countries «81
Amount of said policies ^ 1,515,1 25 00
Amount of said policies reinsured in other companies 14,000 00
Number of policies become claims 8
Amount of said claims 14,850 00
Number of policies in force in other countries at date 1,325
Amount of said ix)licies .S 2,407,176 00
Amount of said policies reinsured in other companies 77,OCO 00
p— ?
Net amount in force in other countries at December 31, 1902 2,330,176 00
EXHIBIT OF POLICIES (OUTSIDE OF CANADA).
In force at December 31, 1901 :—
No. Amount. No, Amount.
Whole life policies 412 $ 816,842 00
Endowment policies 194 294,900 00
Term and all other 116 436,500 00
Bonus additions and return premiums. . . 2,507 00
New policies issued : —
Whole life policies 632 i$l,008,560 00
Endowment policies 3.31 616,615 00
Term and all other 74 245,500 00
Bonus additions and return premiums 1,576 00
722 -1? 1,550,749 00
1,037 1,872,251 00
Old policies revived 1 5,000 00
Old, changed and increased 1,500 00
1,760 I 3,429,500 00
Deduct terminated and not taken 435 1,022,324 00
In force at December 31, 1902 : —
Whole life policies , 811 $1,400,704 00
Endowment p<ilicies 396 645,946 00
Term and all other 118 356,500 00
Bonus and return premium additions 4,026 (.0
: 1,325 $ 2,407,176 00
DETAILS OF TERMINATIONS.
Amount.
Terminated by death 8 | 14,850 00
.! lapse 179 372,130 00
11 change and decrease 37,319 00
Not taken 248 598,025 00
435 $ 1,022.324 00
LIFE INSURANCE COMPANIES 307
SESSIONAL PAPER No. 8
THE NORTHERN LIFE ASSURANCE COMPANY OF CANADA.
Statement for the Year ending December 31, 1902.
P7-esident — Hon. David Mills. | Mmiager and Secretary — John Milne.
PrinGi2)al Office — London, Ont.
(Incorporated, July 23, 1894, by 57-58 Yic, cap. 122. Licenced to transact business
in Canada, July 4, 1896.)
CAPITAL.
Amount of joint stock capital authorized f 1,000,000 00
Amount subscribed for 839,300 00
Amount paid up in cash 213,850 00
(For List of Stockholders^ see Aiypendix.)
ASSETS AS per LEDGER ACCOUNTS.
Amount secured by way of loans on real estate, by bond or mortgage,
first liens % 110,013 40
Loans made to policy-holders on the company's policies assigned as col-
lateral 1,978 75
Stocks and bonds owned by the company, viz.: —
Par value.
Huron and Eria Loan and Savings Company's debentures. % 56,000 00
British A.merica Assurance Company 9,887 50
Western Assurance Company 9,850 00
Carried out at par value * 75,737 50
Special time deposit in Dominion Savings and Investment Society 72,500 00
Cash at head office 2,188 15
Cash in banks, viz.: —
Dominion Savings and Investment Society $ 7,670 73
Bank of Toronto 3,595 42
City and District Savings Bank, special deposit . . 358 00
Total cash in banks 11,624 15
Total ledger assets % 274,041 95
OTHER ASSETS.
Bills receivable 1,695 10
Agents' advances 14,47 1 47
Due from other companies for reinsured claims 2,000 00
Office furniture and fixtures 2,257 68
Interest due % 29 00
Interest accrued 2,397 30
Total * 2,426 30
Owtstanding and deferred premiums: new (gross), $4,197.59 ; renewals,
$13,985.97 ; premium notes, $16,664.66 34,848 22
Total assets $ 331,740 72
8-201
308 DEPARTMENT OF FINANCE— INSUMANGE BRANCH
2-3 EDWARD VII., A. 1903
NORTHERN LIFE ASSURANCE CO^VA^Y— Continued.
LIABILITIES.
fAmount computed to cover the net present value of all policies in
force $ 179,884 05
Deduct value of policies reinsured in other companies 2,592 36
Net reinsurance reserve. . % 177,291 69
Claims for death losses resisted, not in suit 5,000 00
Total liability I 182,291 69
Surplus on policy-holders' account | 149,449 03
Capital stock paid up ' 213,850 00
INCOME DURING THE YEAR.
Cash received for premiums •$ 102,059 86
Deduct reinsurance 2,211 45
Net premium income $ 99,848 41
Amount received for interest or dividends 10,532 14
Total I 110,380 55
Received for increased paid-up capital 100 00
Total income .* I 1 10,480 55
EXPENDITURE DURING THE YEAR.
Net amount paid for death claims .$ 12,616 53
Cash paid for surrendered policies 310 51
Total amount paid to policy holders $ 12,927 04
Commissions, salaries and other expenses of officials 43,072 79
Taxes, licenses, fees or fines 1,624 61
Miscellaneous payments, viz. : — Postage, exchange, ttc, $1,093.40;
stationery and printing, $1,129.20; office fixtures and furniture,
1156.58 ; medical examiners' fees, $3,991.15 ; advertising, $870.46 ;
rents of head and branch offices, $1,814.99 ; sundries, $128.25;
actuarial expenses, $300 ; commission on loans, $186.75 ; collection
expenses, $201.09 ; loan expenses, $13.20 9,885 07
Total expenditure $ 67,509 51
SYNOPSIS OF LEDGER ACCOUNTS.
Net ledger assets beginning of year $ 231,070 91
Income as above 1 10,480 55
$ 341,551 46
Expenditure's above 67,509 51
Balance— net ledger assets, Dec. 31, 1902 $ 274,041 95
fComputed upon the basis of Institute of Actuaries' Hm Table of Mortality, with interest at 4^ per
«.ent on jwlicies issued previous to January 1, 1900, and with interest at 3^ per cent on policies issued on or
after that date.
LIFE INSURANCE COMPANIES 309
SESSIONAL PAPER No. 8
NORTHERN LIFE ASSURANCE COM? A^Y— Concluded.
MISCELLANEOUS.
Number of new policies reported during the year as taken in Canada 892
Amount of said policies % 1,035,387 00
Number of policies become claims during the year 11
Amount of said claims 17,700 00
Amount of above claims reinsured in other licensed companies in Canada. 2,000 00
Number of policies in force in Canada at date 2,560
Amount of said policies $ 3,145,337
II II reinsiired in other licensed companies in Canada. 98,000
Net amount in force at December 31, 1902 3,047,337 00
EXHIBIT OF POLICIES.
Policies in force beginning of year : —
No. Amount. No. Amount.
Whole life 1,618 $2,022,145 00
Endowments 525 605,340 00
Term and all other ..,..,. 78 116,600 00
2,221 I 2,744,(^85 00
New policies issued : —
Whole life , 597 712,967 00
Endowments 248 267,920 00
Term and all other 47 54,500 00
892 1,035,387 00
Old policies revived 14 16,750 00
Total 3,127$ 3,796.222 00
Deduct policies terminated 567 650,885 00
Policies in force Dec. 31, 1902 :—
Whole life 1,785 $2,247,397 00
Endowments • 663 751,340 00
Term and all other 112 146,600 00
'- — 2,560 I 3,145,337 00
DETAILS OF TERMINATIONS.
No. Amount.
Terminated by death 10 $ 12,700 00
expiry 2 6,000 00
" surrender 5 5,000 00
lapse 549 609,610 00
change and decrease 1 2,575 00
((
Total terminated 567 $ 650,885 00
DETAILS OF POLICIES REINSURED.
No. Amount.
Whole life 11 $ 35,000 00
Another 17 63,000 00
28 $ 98,000 00
310 DEPARTMENT OF FINANCE— INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
THE NORTH BRITISH AND MERCAISTILE INSURANCE COMPANY.
Statement for the Year ending December 31, 1902.
Chairman — Quintin Hogg. | Manager — Philip R. D. MacLagan.
Pri^icipal Office — Edinburgh.
Manager and Chief Agent in Canada — Head Office in Canada — Montreal.
Randall Davidson.
(Established, 1809. Incorporated, 1824. Commenced business in Canada, 1862.)
(For Capital and Assets in Canada, see Fire Stateme'tU. )
liabilities in CANADA.
Under Policies issued previous to March SI, 1878.
^Amount estimated to cover the net reserve on all outstanding policies
in Canada I 110,000 00
Reserves for reversionary additions and premium reductions 53,000 00
Total net reinsurance reserve $ 163,000 00
Claims for death losses due and unpaid (including bonus additions,
$581.33) 1,581 33
Due on account of general expenses in Canada \ 25 00
Total liability in respect of said policies in Canada •$ 164,606 33
Under Policies issued suhseque^it to March SI, 1878.
■^Amount estimated to cover the net reserve on all outstanding policies
in Canada $ 255,000 00
Reserves for reversionary additions and premium reductions 85,000 00
Reserve for life annuities 7,000 00
Total net liabilities to said policy-holders in Canada .... $ 347,000 00
Total liabilities to all policy-holders in Canada $ 511,606 33
income in CANADA.
Amount of premiums received in cash during the year on life policies
in Canada | 18,496 06
Total income in Canada $ 18,496 06
*Based on Institute of Actuaries' TD^. Table, with interest at 4^ per cent for ijolicies issued prior to
Jan. 1, 1900, and with interest at 3^ per cent for policies issued on "or after that date. Estimated by the
Department.
LIFE L\:SU RANGE COMPANIES 311
SESSIOiSIAL PAPER No. 8
NORTH BRITISH AND MERCANTILE— Contumed.
EXPENDITURE IN CANADA.
Total amount paid for death claims (including bonus additions, $9, 156.28)
$6,264.85 of which accrued in 1901, including $400.52 bonus
additions o $
Amount paid to annuitants. . .
Amount paid for surrendered policies
Cash bonuses paid policy-holders
$
37,711 32
973 81
1,085 00
1,063 79
$
40,833 92
1,530 65
537 21
Total net amount paid to policy-holders in Canada $
Cash paid for commissions, salaries and other expenses of officials ....
Cash paid for taxes, licenses, fees or fines
Miscellaneous payments, viz.: — Postage, stationery, telegrams, &c.,
$205.23; insurance superintendence, $9.32 ; medical fees, $2.50 ;
proportion of general expenses payable by life branch, $1,500 ; law
expenses, $219 . 96 ; miscellaneous, $9.19 1,946 20
Total expenditure in Canada , $ '44,847 98
MISCELLANEOUS.
Number of new policies reported during the year as taken in Canada . 6
Amount of said policies $ 11,000 00
Bonuses added during the year 349 69
Number of policies become claims in Canada during the year 18
Amount of said claims (including $9,350.92 bonus additions^ 33,041 63
Number of policies in force in Canada at date 379
Amount of .said policies $ 736,687 20
BoniLs additions 204,501 74
Total amount of policies in force, December 31, 1902 941,188 94
Number of life annuities in force at December 31, 1902 4
Amount of annual payments thereunder 823 81
EXHIBIT OF POLICIES.
Policies in force at beginning of year : —
No. Amount. No. Amount.
Whole life policies 373 $708,008 26
Endowment assurances 21 45,629 65
Bonus additions 215,957 24
394 $ 969,595 15
New policies issued : —
Whole life policies 1 $ 1,000 00
Endowment policies 5 10,000 00
6 11,000 00
Old policies revived 2 2,740 00
Additional bonuses on old policies 349 69
Totals 402 $ 983,684 84
Deduct terminated 23 42,495 90
In force at end of year : —
Whole life policies 353 $ ('>81,057 55
Endowment policies 26 55,629 65
Bonus additions 204,501 74
379 I 941,188 94
312 DEPARTMENT OF FINANCE— INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
NORTH BRITISH AND MERCANTILE— C'on^iw^ec?.
DETAILS OF POLICIES WHICH HAVE CEASED TO BE IN FORCE.
No. Amount.
Terminated by death 18 | 33,041 63
n surrender 3 3,400 00
u lapse. , 2 4,105 76
Bonuses surrendered 1,948 51
23 % 42,495 90
Details of North British and Mercantile Policies issued prior to March SI, 1878.
No. Amount,
Policies in force at beginning of year in Canada (inclusive of
}-l^:i. bonus additions, $82,267 .17) 96 % 286,918 33
Paid up policy granted 1 600 00
Bonuses added during the year 222 97
Policies terminated (inclusive of bonus additions, |7,968.65) 7 21,435 07
Policies in force at date of statement (inclusive of bonus additions,
$74,521.49) 90 266,306 23
Number and Amount of Scottish Provincial Policies i^icluded in above statement.
No. Amount.
Policies in force at beginning of year in Canada (inclusive of
$109,325 . 78 bonus additions) 219 $ 418,321 '^^
Bonuses added during year 97 93
Policies terminated (including $2,404.42 bonus additions) 10 12,088 71
Policies in force at date of statement (including $107,019.29 bonus
additions) / 209 406,331 08
LIFE INSURANCE COMPANIES
313
SESSIONAL PAPER No. 8
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316 DEPARTMENT OF FINANCE-INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
THE NORTH-WESTERN MUTUAL LIFE INSURANCE COMPANY.
Statement for the Year ending December 31, 1902.
President — H. L. Palmer. | Secretary — J. W. Skinner.
Principal Office — Milwaukee, Wis., U.S.A.
Attorney in Canada — Wm. Angus. | Head Office tn Canada — Montreal.
(Incorporated, March 2, 1857. Commenced business in Canada, November, 1871.)
No Capital Stock.
ASSETS IN CANADA.
Amount of loans made to Canadian policy holders on the company's
policies assigned as collateral ^ 35,195 00
United States registered bonds held by the Receiver Geueral, viz : —
4 per cent bonds, $100,000 ; carried out at market value 135,333 33
Net deferred premiums 809 32
Total assets in Canada % 171,337 65
LIABILITIES IN CANADA.
* Amount computed to cover the net reserve on all outstanding policies
in Canada including reserves for reversionary additions and pre-
mium reductions $ 1 27,085 00
Total liabilities in Canada $ 127,085 00
INCOME IN CANADA.
Amount of premiums received in cash during the year in Canada.. $ 7,254 26
Premiums paid by dividends 2,736 26
Total net premium income $ 9,990 52
''^Based on Actuaries' Table, 4 per cent.
LIFE INSURANCE COMPANIES 3I7
SESSIONAL PAPEfi No. 8
N0RT;H-WESTERN mutual IAF^E.— continued.
EXPENDITURE IN CANADA.
Amount paid during the year on claims in Canada, viz : —
Death claims $ 16,729 00
Matured endowments Nil.
Tota] amount paid for death claims and matured endowments f 16,729 00
Amount paid for surrendered policies 3,289 87
Amount paid for dividends or bonuses to policy-holders 11137
Cash dividends applied in pa3'^ment of premiums in Canada 2,736 26
Total net amount paid to policy-holders in Canada $ 2L,866 50
Amount paid for taxes, licenses, fees or fines 5 16
Total expenditure in Canada ., | 22,871 %Q
MISCELLANEOUS.
Number of policies become claims in Canada during the year 9
Amount of said claims $ 16,729 00
Numbei' of policies in force in Canada at date 230
Amount of said policies at December 31, 1902 275,407 00
EXHIBIT OF POLICIES (CANADIAN BUSINESS).
In force at beginning of year : —
No. Amount. No. Amount.
Whole life policies 253 $ 321,285
Endowments 6 6,778
259 I 328,063 00
Old policies increased 112 00
259 I 328,.175 00
Deduct terminated 29 52,768 00
In force at end of year : —
Whole life 224 $ 268,614
Endowments 6 6,793
230 $ 275,407 00
DETAILS OF POLICIES WHICH HAVE CEASED TO BE IN FORCE.
No. Amount.
Terminated by death 9 $ 16,729 00
" surrender 3 6,050 00
" decrease 17 29,989 00
Total 29 $ 52,768 00
k
318 DEPAUTMENT OF FINANCE -INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
NORTH-WESTERN MUTUAL J AYY.— Continued.
General Business Statement for the Year ending December 31, 1902.
income during the year.
Total premium income $24,578,827 19
Consideration for supplementary contracts not involving life contin-
gencies , 511,027 23
Premium notes, loans or liens restored by revival of policies 2,694 78
Cash received for interest, and discount on claims paid in advance. . . . 6,559,481 76
Cash received for rents 447,832 03
Profit on sale or maturity of ledger assets 25,698 39
Income from other sources 26,743 28
Total income 132,152,304 66
DISBURSEMENTS DURIN(4 THE YEAR.
Total amount paid for losses and matured endowments $ 7,475,132 68
Cash paid to annuitants 36,41 2 72
Premium notes, voided by lapse 7,582 57
Surrender values applied in payment of running premiums 271 84
♦Surrender values paid in cash 1,854,122 33
Dividends applied to pay renewal premiums 2,020,431 35
Dividends applied to purchase paid up additions and annuities 694,157 11
Dividends paid policy-holders in cash 1,465,679 67
Paid for claims on supplementary contracts not involving life contin-
gencies 54,403 75
Commissions 2,861,016 26
Medical examiners' fees and inspection of risks 171,34^ 36
Travelling and all other agency expenses . . 10,841 64
Salaries of officers and office employees 456,296 20
Taxes, licenses and fees 634,354 44
Rent 37,300 00
Oenerai expenses 545,346 03
Total disbursements .f 18,324,697 95
ledger assets.
Book value of real estate unencumbered $ 4,261,545 88
Mortgage loans on real estate 76,543,348 60
Loans made to policy-holders on the company's policies assigned as
collateral 10,746,187 00
Premium notes on policies in force 292,223 25
Book value of bonds owned 65,834,434 20
Cash on hand and in banks 2,933,520 89
Agents' debit balances 46,382 33
Total $160,657,642 15
Deduct agents' credit balances, kc. . : 98,803 62
Total ledger assets $160,558,838 53
i
LIFE INSURANCE COMPANIES 319
SESSIONAL PAPER No. 8
NORTH-WESTERN ISlVTV KL— Concluded.
NON-LEDGER ASSETS.
Interest due and accrued $ 2,290,772 07
Rents due and accrued 35,237 45
Market value of bonds over book value 95,995 13
Net amount of uncollected and deferred premiums 2,107,974 48
Gross assets ; 8165,088,817 66
Deduct items not admitted 46,382 33
Total admitted assets 8165,042,435 33
LIABILITIES.
^Net reinsurance reserve 8132,673,994 00
Present value of amounts not yet due on supplementary contracts not
involving life contingencies 500,793 00
Total policy claims 602,714 58
Due and unpaid on supplementary contracts not involving life contin-
gencies 830 00
Unpaid dividends or other description of profits due policy-holders. . . . 268,127 16
Premiums paid in advance 25,847 12
Sundry 67,904 66
Surplus accumulations held to meet tontine and semi-tontine policy
contracts 23,764,948 45
Dividends apportioned payable to policy-holders' during 1903 1,659,645 55
Total liabilities on policy-holders' account 8159,564,804 52
Gross divisible surplus 8 5,477,630 81
EXHIBIT OP POLICIES.
Number of new policies issued during the year , 29,303
Amount of said policies 869,022,845 00
Number of policies terminated during the year 11,414
Total amount terminated 26,943,290 00
Number of policies in force at date of statement 262,094
Net amount of said policies 620,681,283 00
*Actuaries' and American Tables of Mortality with 4 and 3 p.c. interest, respectively.
I
320 DEPARTMENT OF FINANCE— INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
THE NORWICH UNION LIFE INSURANCE SOCIETY.
Statement as at December 31, 1902.
President — T. C. Blofield. | Manager — John J. W. Deuchar.
Principal Office — Norwich, England.
Chief Agent in Canada — John B. LaidlaaV. | Head Office in Canada — Toronto.
(Established, 1808; licensed in Canada, October 18, 1899.
No Capital.
assets in CANADA.
Stocks and bonds on deposit with the Receiver General, viz. :^-
Par value. Market value.
City of Winnipeg bonds .$ 9,73.S 33'
St. John, N.B., bonds 21,900 00 V $ 48,200 00
Quebec bonds 17,033 34 J
Vancouver 4 per cent bonds 23,846 66 24,800 00
Total par and market values $ 72.513 33 ,$ 73,000 00
Carried out at market value $ 73,000 00
Cash in Imperial Bank of Canada 364 78
Total assets in Canada I 73,364 78
LIABILITIES IN CANADA.
Net reinsurance reserve (estimated by Department, H'^- 3 J per cent).. . $ 1,000 00
INCOME IN CANADA DURING THE YEAR.
Cash received for premiums | 482 55
Total income .* ■ : $ 482 55
EXPENDITURE IN CANADA "DURING THE YKAR.
Cash paid for commissions, salaries and other expenses of officials .|! 19 30
Cash paid for taxes, licenses, fees or fines in Canada 10 23
All other expenditures 3 50
Total expenditure | 33 03
LIFE INSURANCE COMPANIES 321
SESSIONAL PAPER No. 8
NORWICH UNION LIF^— Concluded.
MISCELLANEOUS.
Number of policies in force in Canada at date 6
Amount of said policies $ 13,500 00
Bonus additions thereon , . . 434 29
Net amount in force at date of statement $ 13,934 29
EXHIBIT OF POLICIES (CANADIAN BUSINESS).
In force at end of year : —
No. Amount.
Whole-life policies 4 $ 8,500 00
Endowments 2 5,000 00
Bonus additions 434 00
Total 6 ?^ 13,934 00
(For General Business State7ne7it, see Appendix.)
8—21
822 DEPA R TMENT OF FIN A NGE—INS URA NCE BRA NCH
2-3 EDWARD VII., A. 1903
PHCENIX MUTUAL LIFE INSURANCE COMPANY.
Statement for the Year ending December 31, 1902.
JPresiWew^— Jonathan B. Bunce, | Secretary — William A. Moore.
Principal Office — Hartford, Conn.
XJhieJ Agent in Canada— C. R. G. Johnson. Head Office ifi Canada — Montreal.
(Incorporated, May. 1851. Commenced business in Canada, October, 1866.)
iVo Capital.
assets in CANADA.
Bonds in deposit with the Receiver General : —
Par val
ue.
County of Middlesex bonds $ :50,000 00
Niagara Falls Park bonds 99,280 00
$ 129,280 00
Carried out at market value | 134,947 60
Gross premiums due and uncollected on Canadian policies in force $ 72 97
Gross deferred premiums on same 474 55
Total outstanding and deferred premiums $ 547 52
Deduct cost of collection at ten per cent 54 75
Net outstanding and deferred premiums 492 77
Total assets in Canada. | 135,440 37
LUBILITIES in CANADA.
Amount estimated to cover the net reserve on all outstanding policies
in Canada | 275,000 00
Total liabilities in Canada $ 275,000 00
income in CANADA.
Gross amount of premiums received in cash during the year on life
policies in Canada $ 12,400 15
Premiums paid by dividends 2,698 74
Total net premium income $ 15,098 89
Amount received for interest or dividends on bonds, (fcc 5,307 89
Total income in Canada | 20,406 78
LIFE INSURANCE COMPANIES
SESSIONAL PAPER No. 8
PHCENIX WUTV XL— Continued.
EXPENDITURE IN CANADA.
Net amount paid for death claims
Amount paid for matured endowments
Cash paid for surrendered policies .
Cash dividends applied in payment of premiums in Canada
Total net amount paid to policy-holders in Canada
Total expenditure in Canada
MISCELLANEOUS.
Number of policies become claims in Canada during the year 20
Amount of said claims
Number of policies in force in Canada at December 31, 1902 618
Amount of said policies
323
23,8.65 00
2,628 00
2,113 00
2,698 74
I 31,304 74
$ 31,304 74
26,493 00
611,964 00
EXHIBIT OF POLICIES, CANADIAN BUSINESS.
In force at beginning of year :
No.
Amount.
Whole-life policies.
Endowments
Term and other . . ,
596 $ 614,653 00
43 24,717 00
5 8,000 00
Policies issued
No.
Amount.
644 % 647,370 00
2 854 00
646 $ 648,224 00
Deduct terminated 28 36,260 00
In force at end of year :
Whole-life iwlieies 577 $ 583,305 00
Endowments 36 20,659 00
Term and other.... 5 8.000 00
618 I 611,964 00
DETAILS OF POLICIES WHICH HAVE CEASED TO BE IN FORCE.
No. Amount,
Terminated by death 15 $ 23 865 00
t, maturity 5 2,628 00
It surrender 6 8,667 00
change 2 ' 1,100.00
28 $
36,260 00
k
8-21J
824 DEPARTMENT OF FINANCE-INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
PHCENIX MUTUAL— Co7^<^/meJ.
General Business Statement for the Year ending December 31, 1902.
income during the year.
Total premium income | 2,763,862 03
Consideration for supplementary contracts not involving life contin-
gencies ' 43, 17 1 67
Received for interest and dividends and for discount or claims paid in
advance 681,208 27
Received for rents 41,768 48
Received for profits on sale or maturity of ledger assets 36,422 01
Other income 874 84
Total income $ 3,567,307 30
DISBURSEMENTS DURING THE YEAR.
Total net amount paid for losses and matured endowments | 982,693 63
Cash paid to annuitants 7,559 61
Premium notes voided by lapse 2,346 46
Paid for claims on supplementary contracts not involving life contin-
gencies 6,473 67
Dividends paid to policy-holders in cash 4,706 31
" applied to pa}- running premiums 188,336 09
" " to purchase paid-up additions and annuities 55,432 00
Surrender values paid in cash 192,692 60
" " applied to pay renewal premiums 3,126 38
' " " to purchase paid-up additions and annuities . . 87,864 00
Paid for commission and bonus to agents 335,280 97
Commuted renewal commissions 6,192 11
Salaries and allowances for agencies 43,211 94
Agency supervision, travelling and all other agency expenses 16,134 22
Medical examiners' fees and inspection of risks 39,366 93
Salaries of officers and office employees 84,384 21
Taxes, licenses and insurance department fees 87,431 26
Rent 28,423 38
Miscellaneous expenditure , 116,266 30
Total disbursements | 2,287,922 07
LEDGER ASSETS.
Book value of real estate, unencumbered $ 777,882 01
Loans on mortgages on real estate, first liens 8,977,510 17
Loans on the company's policies assigned as collateral 70^,877 00
Premium notes, loans or liens on policies in force 250,988 55
Book value of bonds and stocks owned 3.979,817 73
Cash on hand and in banks .' 409,174 51
Total ledger assets 115,102,249 97
NON-LEDGER ASSETS.
Interest due and accrued 181,559 25
Market value of bonds and stocks over book value 164,290 87
Outstanding and deferred premiums 210,118 99
Total assets $15,658,219 08
LIFE INSUBANCE COMPANIES 325
SESSIONAL PAPER No. 8
PHGENIX MXJUJJAl.— Concluded.
LIABILITIES.
*Net reinsurance reserve $14,688,486 00
Present value of amounts not yet due on supplementary contracts, not
involving life contingencies 37,905 00
Net policy claims 39,582 00
Premiums paid in advance 15,467 00
Dividends apportioned, payable during 1903 10,414 00
Other liabilities 159,732 00
Total liabilities $14,951,586 00
Gross divisible surplus $ 706,633 08
EXHIBIT OF POLICIES.
Number of new policies issued during the year 5,532
Amount of said policies $ 9,894,526 00
Number of policies terminated during the year 3,300
Total amount terminated 5,682,928 00
Number of policies in force at date of statement 41,825
Net amount of said policies 69,394,064 00
^Computed on Actuaries' Table of Mortality, with 4 per cent interest on all policies issued prior to
January 1, 1901 ; and on policies issued subsequent to January 1, 1901, on the American Table of Mor-
tality, with 3^ per cent interest on non-participating policies and with 3 per cent interest on participating
policies. ' »
DEPARTMENT OF FINANCE— INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
THE PROVIDENT SAVINGS LIFE ASSURANCE SOCIETY OF NEW YORK.
Statement for the Year ending December 31, 1902.
President— Edv^kry) W. Scott. | Secretary — William E. Stetens.
Principal Office — New York City.
Chief Agent in Canada — Head Office in Canada — Montreal.
J. Henry Miller.
(Incorporated, February 25, 1875. Commenced business in Canada, March, 1889.)
capital.
Amount of capital authorized, subscribed for and paid up in cash .... $ 100,000 00
ASSETS IN CANADA.
Amount of loans to Canadian policy-holders on the company's policies
assigned as collateral $ 28,360 64
Stocks and bonds in deposit with Receiver General, viz. : —
Par value. Market value.
Province of Quebec 5 per cent bonds . $ 13,500 00 $ 14,586 75
Montreal City 4 per cent bonds 41,000 00 44,308 70
City of Toronto sterling 4 per cent bonds 30,660 00 3.2,999 36
CJanada 4 per cent loan 2,000 00 2,017 00
City of Toronto 3i per cent debentures 24,333 33 24,333 00
City of Winnipeg"'3i per cent debentures 26,000 00 24,739 00
British Columbia 3^ per cent dyking debentures .... , 40,000 00 41,008 00
Total par and market values $177,493 33 $ 183,991 81
Carried out at market value 183,991 81
Cash at head office in Canada 17771
Cash in banks, viz. : —
Bank of Montreal $ 13,096 87
Mol sons Bank 947 63
Total 14,044 50
Bills receivable in Canada held by the company 105 84
Agents' ledger balances 8,332 45
Interest due $ 29 65
Interest accrued 2,628 44
Total interest 2,658 09
LIFE INSURANCE COMPANIES 327
SESSIONAL PAPER No. 8
PROVIDENT ^AV1^,Q^— Continued.
ASSETS — Concluded.
GroBS premiums due and uncollected on Canadian policies in force $ 6,318 00
Gross deferred premiums on same 7,597 29
Total outstanding and deferred premiums $ 13,915 29
Deduct cost of collection at 10 per cent. 1,391 53
Net outstanding and deferred premiums $ 12,523 76
Other assets : — office furniture 984 45
Total assets in Canada $ 251,179 25
LIABILITIES IN CANADA.
^Amount computed to cover the net present value of all Canadian
policies in force $ 234,727 00
Claims for death losses unadjusted but not resisted 5,000 00
Surrender values claimable on cancelled policies.. 747 44
Total liabilities in Canada $ 240,474 44
INCOME IN CANADA.
Cash received for premiums $ 134,282 29
Premiums paid by dividends 722 25
Total premium income (new, $22,558. 13 ; renewal, $106,149.41 ; war
risk premiums, $6,297.00) $ 135,004 54
Received for interest or dividends on stocks, policy loans, &c 8,031 69
Received dividends. Bank Ville Marie 2 19
Total income in Canada $ 143,038 42
EXPENDITURE IN CANADA.
Net amount paid for death claims ($1,000 of which accrued in pre-
vious years) $ 51,650 00
Cash paid for surrendered policies 5,155 69
Cash dividends applied in payment of premiums in Canada 722 25
Total net amount paid to policy-holders in Canada $ 57,527 94
Cash paid for commissions, salaries and all other expenses of officials
in Canada 28,705 56
Cash paid for taxes, &c 1,615 77
Miscellaneous payments, viz.: — Office rent, $1,150.96; advertising,
$472.25; postage, telegrams and exchange, $949 21 ; stationery
and printing, $187 . 78 ; sundry expenses, $1,078. 10 ; medical fees,
$2,521.75; office furniture, $200.76 6,560 81
Total expenditure in Canada $ 94,410 08
* Based on Actuaries' Table of Mortality, with 4 per cen* interest, and American Experience Table
with 3^ per cent interest.
328 DEPARTMENT OF FINANCE-INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
PROVIDENT ^KVmG^—Continned.
MISCELLANEOUS.
Number of new policies reported during the year as taken in
Canada 585
Amount of said policies % 839,707 00
Number of policies become claims in Canada during the year. . . 26
Amount of said claims 55,650 00
Number of policies in force in Canada at date.'. 2,149
Net amount in force, December 31, 1902 3,945,165 00
EXHIBIT OF POLICIES (CANADIAN BUSINESS).
In force at beginning of year : —
No. Amount. No. Amount.
Whole life policies 561 $1,018,55100
Endowments ... 185 263,552 00
Term and all other 1,123 2,370,844 CO
1,869 I 3,652,947 00
New policies issued 585 S 839,707 00
Old policies revived 20 45.000 00
Old policies changed and increased 173 242,793 00
778 1,127,500 00
Total 2,647 $ 4,780,447 00
Deduct policies terminated 498 835,282 00
In force at end of year : —
Whole life 649 $ 1,151,497 00
Endowments , 210 293,402 00
Term and all other 1,290 2,500,266 00
2,149 I 3,945,165 00
DETAILS OF POLICIES WHICH HAVE CEASED TO BE IN FORCE.
No. Amount.
Terminated by death 26 S 55,650 00
expiry 213 392,119 00
., surrender 20 29,000 00
lapse ,. 66 105,459 00
I, change and decrease 173 253,054 00
Total terminated 498 $ 835,282 00
General Business Statement for the Year ending December 81, 1902.
income during the year.
Total premium income. | 3,644,750 95
Interest 161,713 74
Rents 153,277 02
Premium notes, loans or liens restored by revival of policies 576 09
Profit on sale or maturity of ledger assets 149,533 28
Income from other sources '. 563 99
Total income $ 4,1 10,415 07
LIFE INSURAXCE COMPANIES
SESSIONAL PAPER No. 8
PROYIDENT SAYINGS— Continued.
329
DISBURSEMENTS.
Amount paid for death losses and matured endowments $ 1,265,712 86
Annuities , 10,307 40
Premium notes voided by lapse 11,387 77
Surrender values paid in cash 169,263 85
Surrender values applied to purchase paid-up policies and annuities . . 26,237 92
Dividends paid policy-holders in cash 16,594 82
Dividends applied by policy-holders to pay renewal premiums 112,609 13
Commissions to agents 516,755 90
Dividends to stockholders 6,974 80
Salaries and allowances for agencies 71,883 32
Agency supervision, travelling and all other agency expenses . 84,487 06
Salaries of officers and office employees 235,150 35
Medical examiners' fees and inspection of risks 69,593 03
Taxes, licenses and insurance department fees 87,510 91
Rents 57,818 77
All other expenditure 225,864 47
Total disbursements. I 2,968,152 36
ASSETS.
Book value of real estate, unencumbered $ 1,566,773 87
Mortgage loans, first liens on real estate 524,600 00
Loans secured by pledge of bonds, stocks and other collaterals 5,000 00
Loans to policy-holders on the company's policies assigned as collateral... 1,853,648 65
Book value of bonds and stx^ks owned 660,298 51
Cash on hand and in banks 500,132 27
Agents' debit balances 215,104 94
Premium notes on policies in force ; .- . . . 181,579 31
Bills receivable 1,194 11
Loans at interest to agents secured by surety bonds 40,000 00
Total ledger assets $ 5,548,331 66
OTHER ASSETS.
Interest due and accrued 59,459 18
Rents accrued 5,497 04
Market value of real estate over book value 146,226 13
Market value of bonds and stocks over book value 48,595 13
Net amount of uncollected and deferred premiums 479,829 00
• Total : $ 6,287,938 14
Deduct items not admitted 275,400 05
Total admitted assets : $ 6,012,538 09
330 DEPARTMENT OF FINANCE— INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
PROVIDENT ^XVU^G^— Concluded.
LIABILITIES.
*Net reinsurance reserve on December 31, 1902 $ 5,111,258 00
Present value of amounts not yet due on supplementary contracts not
involving life contingencies 7,471 00
Total policy claims * 166,549 00
Dividends or other profits due policy-holders 212 11
Reserve on cancelled policies upon which a surrender value may be
demanded 5,213 69
Trust funds and accrued interest 13,557 73
Total liabilities I 5,304,261 53
Gross divisible surplus 608,276 56
Capital stock paid up 100,000 00
EXHIBIT OF POLICIES.
Number of new policies issued 16,570
Amount $ 29,546,193 00
Number of policies terminated 10,315
Amount 31,044,416 00
Number of policies in force at December 31, 1902 * . . . . 40,228
Net amount in force at December 31, 1902 98,159,633 00
* Computed on Combined and American Tables of Mortality, with 4 per cent and 3^ per cent interest.
LIFE INSURANCE COMPANIES 331
SESSIONAL PAPER No. 8
THE RELIANCE MUTUAL LIFE ASSURANCE SOCIETY.
Statement for the Year ending December 31, 1902.
Secretary — J. J. W. Deuchar. | Principal Office — Norwich, Eng.
Chief Agent in Canada — JohnB. Laidlaw. | Head Office in Canada — Toronto.
(Established, 1840. Commenced business in Canada, August 1, 1868.)
No Capital.
assets in CANADA.
City of Toronto debentures in deposit with Receiver General $ 109,987 00
Newfoundland 3 J per cent debentures in deposit with Receiver General 24,333 00
Total assets in Canada $ 134,320 00
LIABILITIES IN CANADA.
■^Net reserve on all outstanding policies in Canada . $ 85,000 00
Total liabilities in Canada | 85,000 00
INCOME IN CANADA.
Premiums received in cash during the year on life policies in Canada... $ 3,458 76
Total income | 3,458 76
EXPENDITURE IN CANADA.
Cash paid for death claims (including $46.50 bonus additions) $ 1,546 50
Cash paid for matured endowments (including $149.30 bonus additions) 1,149 30
Cash paid to annuitants 53 90
Cash paid for surrendered policies 1,141 32
Total net amount paid to policy-holders in Canada •$ 3,891 02
Cash paid for commissions, salaries, and other expenses of officials. ... 138 35
Cash paid for taxes, licenses, fees or fines in Canada 1195
All other expenditure in Canada 6 40
Total expenditure in Canada $ 4,047 72
*ReBerve based on Institute of Actuaries' H^. Table of Mortality, with 4^ per cent interest. Esti-
mated by the Department.
332 DEPARTMENT OF FINAXCE-INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
RELIANCE MUTUAL lAY^— Concluded
MISCELLANEOUS.
Number of policies become claims in Canada during the year 3
Amount of said claims $ 2,695 80
Number of policies in force in Canada at date ... 144
Amount of said policies % 150,346 06
Bonus additions thereon 18,203 03
Total net amount of policies in force in Canada, December 31, 1902. , . 168,549 09^
EXHIBIT OF POLICIES (CANADIAN. BUSINESS).
In force at beginning of year : —
No. Amount. No. Amount
Whole Life 145 .$150,241 00
Endowments 5 .5,105 00
Bonus additions 18,529 00
150 % 173,875 00
Deduct terminated 6 5,326 00
In force at end of year : —
Whole-life policies 140 $ 146,241 00
Endowments 4 4,105 <X>
Bonus additions 18,203 00
Total 144 I 16S,549 00
DETAILS OF TKRMINATION.
No. Amount.
Terminated by death 2 $ 1,547 00
maturity 1 1.149 00
I. surrender 3 2,630 00
6 $ 5,326 00
LIFE IXSUEAJSiCE COMPANIES 333
SESSIONAL PAPER No. 8
THE ROYAL INSURANCE COMPANY.
Statement for the Year ending December 31, 1902.
Chairman — Henry H. Hornby, | Manager — Chas. Alcock.
Principal Office — Liverpool, Eng.
Chief Agent in Canada — Geo. Simpson. | Head Office m Canada — Montreal.
(Established, May 31, 1845. Commenced business in Canada, 1851.)
(For Capital and Assets, see Fire Statement.)
LIABILITIES IN CANADAv
Under Policies issued previous to March 31, 1878.
* Amount computed to cover the reserve an all outstanding policies in
Canada $ 153,945 97
Reserves for reversionary additions and premium reductions 69,220 37
Net reinsurance reserve $ 223, 166 34
Claims for death losses due and unpaid 5,959 23
Total net liabilities to said policy-holders in Canada. . , . S 229,125 57
Under Policies issued subsequent to March SI, 1878.
■* Amount computed to cover the reserve on all outstanding policies in
Canada $ 133,329 37
Reserves for reversionary additions and premium reductions 35,699 32
Reserve for life annuities 4,808 68
Net reinsurance reserve $ 173,837 37
Claims for matured endowments due and unpaid 19,050 00
Total net liabilities to said policy-holders in Canada. ... $ 192,887 37
Total liabilities to all policy-holders in Canada $ 422,012 94
INCOME IN CANADA.
Amount of premiums received in cash during the year in Canada... . $ 18,287 02
Amount received for interest on loans and premiums 2,620 05
Total income in Canada | 20,907 07
*Basfd on Institute of Actuaries' H^*. Table, with interest at 4iper cent for policies issued prior to
Jan. 1, 1900, and with interest at 3.^ i>er cent for policies issued since tnat date.
334
DEPARTMENT OF FINANCE-INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
ROYAL — Continued.
EXPENDITURE IN CANADA.
Cash paid on account of death claims of which $586.50 accrued in pre-
vious years (including $2,315.71 bonus additions) $ 21,305 05
Cash paid for matured endowments 500 00
Amount paid to annuitants ... 379 (79
Cash paid for surrendered policies 1,419 75
Total net amount paid to policy holders in Canada $ 23,603 89
Cash paid for commissions, (fee. . . , 3,888 68
Taxes, licenses, fees or fines 41 15
Miscellaneous, viz.: — Legal expenses, $309.50; medical examinations,
$43; postage and exchange, $61.41 ; general expenses, $1,096.96. 1,510 87
Total expenditure in Canada.
$ 29,044 59
MISCELLANEOUS.
Number of new policies reported during the year as taken in Canada. 20
Ai?\ount of said policies . .
Number of policies become claims in Canada during the year 14
Amount of said claims
Number of policies in force at date 297
Amount of said policies..
Bonus additions thereon.
645,762 52
141,458 14
Total net amount in force, December 31, 1902
Number of life annuities in force in Canada at date 3
Amount of annual payments thereunder
56,000 00
46,227 76
787,220 ^Q
528 24
EXHIBIT OF POLICIES (CANADIAN BUSINESS.)
In force at beginning of year : —
No. Amount.
Whole life policies 259 $ 551,568 03
Endowment assurances 29 67,876 16
Bonus additions. . . 149,117 54
No.
New policies issued : —
Whole life policies 10
... 11
2
1
2
Endowment assurances
All other policies ,
Old policies revived
Policies transferred from other branches .
Bonuses added during the year
37,000 00
24,000 00
2,500 00
754 33
3,391 07
657 29
26
Deduct terminated
314
15
In force at end of the year : —
Whole life
Endowments
All other policies .
Bonus additions , .
565,886 36
77,376 16
2,500 00
141,458 14
299 $
Ainount.
288 $ 768,561 73
68,302 69
836,864 42
49,643 76
787,220 66
LIFE INSURANCE COMPANIES 335
SESSIONAL PAPER No. 8
B.OY KL— Concluded.
DETAILS OF POLICIES WHICH HAVE CEASED TO BE IN FORCE.
No. Amount.
Terminated by death 11 % 22,506 67
" maturity 3 15,500 00
" surrender 1 2,000 00
" change and decrease 876 00
Bonuses terminated '. 8,761 09
^ Total 15 I 49,643 76
DETAILS OF POLICIES ISSUED PRIOR TO MARCH 31, 1878, AND BONUS ADDITIONS THEREON.
No. Amount.
Policies in force at beginning of year in Canada (including
$93,539.98 bonus additions) 119 $ 385,070 44
Bonus added during the year 423 07
Policies terminated (including $5,478.87 bonus additions) 7 27,332 20
Policies in force at date of statement (including $88,484.18 bonus
additions) 112 358,161 31
(For General Business Statement, see Appendix.)
336 DEPARTMENT OF FINANCE-INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
THE ROYAL VICTORIA LIFE INSURANCE COMPANY.
Statement for the Year ending December 31, 1902.
President — James Crathern.
Treastirer — Charles C. Hole.
Chief Agent and General Manager —
David Burke»
Principal Office — Montreal.
(Incorporated, May 21, 1897, by an Act of the Parliament of Canada, 60-61 Vic, cap»
81. Commenced business in Canada, September, 1897.)
CAPITAL.
Amount of joint stock capital authorized and subscribed for $ 1,000,000 00
Amount paid up in cash , 200,000 00
(For List of Shareholders, see Appendix.)
ASSETS.
Amount of loans secured by bonds, stocks or other marketable collaterals. $ 75,000 00
Par value. Market value. ^^'^f'
Montreal Light, Heat and Power Co S 110,000 00 $ 95,700 00 $ 75.000 00
Amount of loans to policy-holders on company's policies assigned as
collateral 3,977 04
Non forfeiture loans on policies 1,231 39
Stocks and bonds owned by the company, viz.: —
Par value. Market value. Ledger value.
Province of Manitoba bonds $ 60,000 00 $ (55,328 00 $ 64,567 16
Province of Nova Scotia bonds 6,000 00 6,738 00 6,576 32
Province of Quebec 3 per cent stock. . . 9,733 33 8,954 66 9,257 67
Town of Maisonneuve debentures 30,000 00 33,720 00 3.3,671 71
City of St. Henry debentures 55,000 00 62,425 00 60,860 13
Canadian Northern Railway bonds. . . . 24,820 00 25,564 60 25,311 51
Total par, market and ledger values $ 185,553 33 S 202,730 26 $^0^44 50
Carried out at ledger value 200,244 50
Cash at head office 6,654 48
Cash in banks, viz.: —
Bank of Montreal, Montreal % 10,345 23
Canadian Bank of Commerce, Winnipeg 766 37
Quebec Bank, Quebec , 469 .35
Bank of Ottawa, Ottawa 586 12
Bank of Montreal, Vancouver 203 60
Dominion Bank, Toronto 1,200 70
People's Bank, Halifax 11 62
Royal Bank, St. John, N.B 171 80
Bank of Ottawa, Shawenegan Falls 118 68
Total 13,873 47
Agents' ledger balances and advances 10,275 88
Total $ 311,256 76
LIFE INSURANCE COMPANIES 337
SESSIONAL PAPER No. 8
ROYAL YlCTOniA— Continued,
OTHER ASSETS.
Market value of stocks and bonds over ledger value $ 2 485 76
Equipment and office furniture 4,779 80
Interest accrued 982 40
Net outstanding and deferred premiums 36,713 70
Total assets , $ 356,218 42
LIABILITIES.
Amount computed to cover the net present value of all policies in force. .. $ 206,702 43
Reserve for life annuities 37,350 03
Total. .. . .... $ 244,052 46
Deduct value of policies reinsured in other companies 4,819 32
*Net reinsurance reserve $ 239,233 14
Claims for death losses unadjusted but not resisted 1,000 00
Total liabilities | 240,233 14
Surplus on policy-holders' account | 115,985 28
Capital stock paid up 200,000 00
INCOME DURING THE YEAR.
Cash received for premiums % 114,243 88
Premium obligations taken in part payment of premiums 765 03
Cash received for annuities 10,000 00
Total ^ $ 125,008 91
Deduct premiums paid to other companies for reinsurance 3,810 50
Total premium income | 121,198 41
Received for interest or dividends on stock, (fee 10,663 76
Total income $ 131,862 17
EXPENDITURE DURING THE YEAR.
Cash paid for death losses S 22,000 00
Deduct amount received from other companies for reinsured death claims 5,000 00
Net amount paid for death losses $ 17,000 00
Cash paid to annuitants 3,848 28
Cash paid for surrendered policies 618 34
Total paid to policy-holders | 21,466 62
Cash paid for commissions, salaries and other expenses of officials 43,793 62
Taxes, licenses, fees or fines 1,877 86
Sundry expenditure, viz.: — Travelling expenses, $2,289.40; postage,
telegraphing and express, $1,354.19 ; general expenses, including
printing, stationery, advertising, &c., $13,951.74; amount written
off advances to agents, $882.80 ; office furniture, $1,137.70 ; med-
ical examiners' fees, $2,976.50 22,592 33
Total expenditure $ 89,730 43
*Ba8ed on Institute of Actuaries' H^ Table, with interest at 4^ per cent on all policies issued on or
before December 31, 1899, and with 3^ per cent interest on all palicies issued thereafter.
8—22
338 DEPARTMENT OF FINANCE— INSURANCE BRANCH
2-3 SDWARD VII., A. 1903
ROYAL YIQTO^IA— Continued.
SYNOPSIS OF LEDGER ACCOUNTS.
Amount of net ledger assets at Dec. 31, 1901 , $ 269,125 02
Amount of cash income as above 131,862 17
Total I 400,987 19
Amount of expenditure as above 89,730 43
Balance — net ledger assets at Dec. 31, 1902 $ 311,256 76
MISCELLANEOUS.
Number of new policies reported during the year as taken in Canada 924
Amount of said policies % 1,228,000 00
Amount of said policies reinsured in other licensed companies in Canada. 47,500 00
Number of policies become claims during the year 7
Amount of said claims 1 1,500 00
Number of policies in force at date 2,452
Amount of said policies $3,513,431 00
Amount of said policies reinsured in other licensed companies in Canada 155,100 00
Net amount in force at December 31, 1902 3,358,331 00
Number of life annuities in force at December 31, 1902 7
Amount of annual payments thereunder 4,854 28
EXHIBIT- OP POLICIES.
In force at beginning of year : —
No. Amount. No, Amount.
Whole life policies 1,174 $ 1,747,943
Endowments 538 691,709
Term and other 146 240,500
1,858 % 2,680,152 00
New policies issued : —
Whole life 647 $ 853,300
Endowments 244 :- 36,376
Term and other 98 163,367
989 1,353,043 00
Old policies revived . 20 26,000 00
Old policies changed and increased ;0 10,000 ^00
Total , 2,877 I 4,069,195 00
Deduct terminated 424 555,264 00
In force at end of year : —
Whole life 1,599 $ 2,300,821
Endowments 644 872,610
Term and other 210 340,500
2,453 $ 3,513,931 00
LIFE INSURANCE COMPANIES 339
SESSIONAL PAPER No. 8
ROYAL YlCTOKlA—CoTicluded.
DETAILS OP POLICIES WHICH HAVE CEASED TO BE IN PORCE.
No. Amount.
Terminated by death 7 $ 11,500 00
ir expiry 1 1,000 00
,, surrender 4 5,000 00
lapse , 281 354,000 00
rf change and decrease 30 41,347 00
Policies not taken 101 142,417 00
Total. 424 $555,264 00
DETAILS OP POLICIES REINSURED AT END OP YEAR.
Whole life $ 88,500 00
Endowments 52,600 00
Term and other 14,000 00
Total $155,100 00
8— 22J
340 DEPARTMENT OF FINANCE-INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
THE SCOTTISH AMICABLE LIFE ASSURANCE SOCIETY.
Statement for the Year ending December 31, 1902.
President — Lord Kelvin, G.C.Y.O., &c.
Manager — N. B. Gunn.
Chief Agent in Canada — Charles J. Fleet.
Secretary — William G. Spens.
Principal Office — Glasgow.
Head Office in Canada — Montreal
(Founded at Glasgow, January 1, 1826. Incorporated by Act of Parliament, 1849.
Commenced business in Canada, 1846.)
(No Capital.)
ASSETS IN CANADA.
Securities in deposit with Receiver General : —
Par value. Book value.
Province of New Brunswick debentures % 25,000 00 % 24,333 33
City of Toronto 4 per cent Consolidated Loan .... 73,000 00 73,000 00
City of Victoria, B.C., \\ per cent bonds ... 50,000 00 52,480 92
Total par and book values $ 148,000 00 $ 149,814 25
Carried out at book value % 149,814 25
Amount of loans made to Canadian policy-holders on the society's
policies assigned as collateral 15,783 86
Gross premiums due and uncollected on Canadian policies in force. ... 120 25
Total assets in Canada % 165,718 36
LUBILITIES IN CANADA.
* Amount estimated to cover the net reserve on all outstanding policies
in Canada % 138,787 60
Total liabilities in Canada % 138,787 60
INCOME IN CANADA.
Amount of premiums received in cash during the year on life policies in
Canada % 4,006 72
Interest on policy loans 713 70
Total income. _% 4,720 42
* Reserve based on Institute of Actuaries' H*i. (5) Table of Mortality, with 2^ per cent interest, and H'*.
2^ per cent net annual premuims.
LIFE INSURANCE COMPANIES 34I
SESSIONAL PAPER No. 8
SCOTTISH AMlOXmM— Continued,
EXPENDITURE IN CANADA.
Total amount paid for death claims $ 78^ 40
Cash paid for surrendered policies 4,167 08
Total net amount paid to policy-holders in Canada % 4,955 48
Cash paid for commission, salaries and other expenses of officials in
Canada 94 05
Cash paid for taxes, licenses, fees or fines in Canada 33 76
Total expenditure in Canada $ 5,083 29
MISCELLANEOUS.
Number of policies become claims in Canada during the year 2
Amount of said claims % 788 40
Number of policies in force in Canada at date 81
Amount of said policies $ 193,810 09
Bonus additions 16,758 37
Net amount in force at December 31, 1902. 210,568 46
EXHIBIT OF POLICIES.
In force at Dec. 31, 1901 :—
No. Amount. No. Amount.
Whole life 86 $ 202,862 09
Survivorship 1 19,466 67
Bonus additions 16,87152
Total 87 % 239,200 28
Deduct terminated 6 28,631 82
In force at Dec. 31, 1902 :—
Whole life 81 $193,810 09
Bonus additions 16,758 37
81 I 210,568 46
DETAILS OP POLICIES TERMINATED.
Terminated by death 2 $ 788 40
It surrender 3 8,376 75
lapse 1 19,466 67
Total 6 % 28,631 82
342
DEPARTMENT OF FINANCE-INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
SCOTTISH XMIQXSL^—Conduded.
General Business Statement fob the Year ending December 31, 1902.
Revenue Account for the Year ended December 31, 1902.
£ s. d. £ s. d.
Amount of funds at beginning of the Claims under ix)licies (after deduc-
year, as per last published report. 4,283,063 19 5 tion of sums reassured—
Premiums (after de- By death £251,481 9 4
duction of reassur- By survivance .... 9,000 0 0
ances) £255,079 15 2 -, 260,481 9 4
Consideration for an- Surrenders 21,087 12 10
nuities granted 35,712 1 7 Annuities 41,517 5 2
Interest, dividends Commission 9,509 5 7
and rents 168,031 13 6 Expenses of management 25,884 18 6
Assignment fees ... 81 10 0 Income tax 8,113 13 8
458,905 0 3
£ 366,594 5 1
Net amount of funds at the end of
the year as per balance sheet 4,375,374 14 7
£4,741,968 19 8 £4,741,968 19 8
Balance Sheet on December 31, 1902.
Assurance and annuity fund
Claims under policies admitted or
intimated, but not paid
Annuities due ,
liabilities. assets.
£ s. d. Mortgages— £ s. d.
4,375,374 14 7 On property in the United King-
dom 175,923 5 8
50,981 13 7 On property out of United King-
1,035 10 0 dom 181,647 15 10
Loans —
^ On the society's policies 376,144 10 0
On life-rents and reversions 60,451 16 10
On public rates 23,972 4 8
On personal security Nil .
Investments —
Life interests and reversions 213,006 5 2
Government securities, British , . 1,766 14 0
M colonial . 16,700 0 0
foreign... 240,716 4 6
Municipal securities, British. . . . 28,559 13 0
M Indian and
colonial . . 265,665 8 2
foreign .... 405,518 18 4
British railway and other guaran-
teed and preference stocks 512,032 16 3
British railway and other deben-
tures and debenture stocks. ,.. . 356,179 6 3
Colonial and foreign railway de-
bentures and debenture stocks . 311,811 7 8
Indian guaranteed railway stocks. 101,. 369 13 1
United States railroad sterling and
gold bonds 497,723 6 6
Heritable property 2aS, 165 13 0
Ground rents and feu-duties 334,085 9 7
Outstanding premiums 36,062 13 8
Outstanding interest 5,058 11 1
Interest accrued to date 16,748 2 5
Cash in bank and on hand 33,082 2 6
£4,427,391 18 2
£4,427,391 18 2
LIFE INSURANCE COMPANIES 343
SESSIONAL PAPER No. 8
SCOTTISH PROVIDENT INSTITUTION.
Statement for the Year ending December 31, 1902.
Manager — James Graham Watson. | Secretaries — John Lamb, H. R. Cockburn.
Principal Office — 6 St. Andrew's Square, Edinburgh.
Chief Agent and Attorney in Canada — Head Office in Canada — Montreal.
John Dunlop.
(Instituted in 1837. Incorporated by special Acts of Parliament in 1848, 1884, 1893.)
ASSETS IN CANADA.
Amount of loans made to Canadian policy-holders on the company's
policies assigned as collateral | 9,905 76
Stocks and bonds owned by the company, viz.: —
Par value.
Toronto Electric Light Co., 4^ per cent first mortgage gold bonds. . $ 25,413 59
Municipal debentures 1,401,831 88
Grand Trunk, Georgian Bay and Lake Erie Railway first mortgage
bond» 73.973 33
Toronto Street Railway bonds 173,477 44
Montreal Cotton Co. first mortgage gold debentures 50,461 09
Winnipeg Electric Street Railway Co. 5 per cent first mortgage
bonds 21,405 02
Quebec Harbour first preference lx)nds, 4 per cent ... . 26,042 04
Quebec, Montmorency and Charlevoix Railway 5 per cent bonds. , 51,345 71
Grand Trunk Railway 4 per cent perpetual stock 51,487 75
Montreal Light, Heat and Power Co. first mortga<<e gold bonds. . . 38,884 93
Hamilton Street Railway A\ per cent first mortgage gold bonds.. . . 26,061 24
Total carried out at market value 1,940,384 02
Interest accrued 24,843 46
Total assets in Canada % 1,975,133 24
LIABILITIES IN CANADA.
* Net reinsurance reserve $ 81,635 90
Total liabilities in Canada $ 81,635 90
* British Life Offices O^. Table of Mortality, with 3^ per cent interest.
344 DEPARTMENT OF FINANCE— INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
SCOTTISH PROVIDENT I^^TITVTIO^— Concluded.
INCOME IN CANADA.
Cash premium income $ 1,198 11
Received for interest or dividends on stocks, <fcc 80,840 14
Total income in Canada S 82,038 25
EXPENDITURE IN CANADA.
Cash paid for death claims in Canada $ 2,973 53
" law charges 222 20
Total expenditure in Canada $ 3,195 73
MISCELLANEOUS.
Number of policies become claims in Canada during the year 1
Amount of said claims $ 2,973 53
Number of policies in force in Canada at date 44
Amount of said policies S 79,462 93
Bonus additions thereon 42,979 97
Total net amount in force, December 31, 1902 122,442 90
EXHIBIT OF POLICIES (CANADIAN BUSINESS).
In force at beginning of year : —
No. Amount. No. Amount.
Whole life policies . 45 $ 81,409 60
Bonus additions thereon 34,190 77
45 I 115,600 37
Bonuses added during the year 9,816 06
Total $ 125,416 43
Deduct terminated 1 2,973 53
In force at end of year : —
Whole life 44 % 79,462 93
Bonus additions 42,979 97
44 I 122,442 90
DETAILS OF POLICIES WHICH HAVE CEASED TO BE IN FORCE.
' No. Amount.
Terminated by death 1 | 1,946 67
Bonus thereon 1,026 86
Total 1 $ 2,973 53
{For General Business Statement, see Appendix.)
LIFE INSURANCE COMPANIES 345
SESSIONAL PAPER No. 8
THE STANDARD LIFE ASSURANCE COMPANY.
Statement for the Year ending November 15, 1902.
Manager and Actuary — Secretary — George Oliver.
Spencer C. Thomson.
Principal Office — Edinburgh.
Chief Agent in Canada — D. M. McGouN. | Head Office in Canada — Montreal.
(Established, 1825. Incorporated, June 6, 1822. Commenced business in Canada, 1847.)
capital.
Amount of capital authorized and subscribed for, £500,000 sterling. . . % 2,433,333 33
.1 paid up in cash 584,000 00
assets in CANADA.
Value of real estate in Canada held by the company % 511,508 07
Amount secured by way of loans on real estate in Canada, by bond or
mortgage, first liens 4,456,317 25
Amount of loans in Canada secured by stocks or other marketable
collaterals 393,600 00
Par value. Amount loaned.
Niagara Falls Park & River Ry. Co % 400,000 S 291,600
City of Winnipeg bonds 105,000 \ ^ ^ r^r^
Commercial Cable Co. bonds 12,000 J iOU,UW
Village of Gatineau Point bond 2,000 2,000
% 519,000 % 393,600
(Amount of loans as above on which interest has not been paid within
one year previous to statement, $5,337 . 15.)
Amount of loans made to Canadian policy-holders on the company's
policies assigned as collateral ^ 521,667 17
Bonds in deposit with Receiver General : —
Par value. Par value.
Montreal City bonds % 56,000 00 Town of Lachine bonds . . . $ 20,000 00
Harbour bonds 43,000 00 Village of Norwich .. 3,000 00
R. C. School bonds 50,000 00 Townshio of North Crosby bonds 1,500 00
Town of Owen Sound 1. 105,996 22 County of Lincoln bonds 1,000 00
Listowel M . 35,000 00 Township of Thorah m 6,000 00
City of Hamilton .. 20,000 00 Town of Cornwall .t 5,688 00
,. Toronto .. 102,200 00 Village of Oil Springs .. 1,200 00
M Stratford .. 100,000 00 City of London ,. 225,000 00
346
DEPARTMENT OF FINANCE— INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
STANDARD JAYYu— Continued.
ASSETS — Continued.
Bonds in deposit with the Receiver General — Concluded.
Town of Collingwood i $
II Walkerton u
II Orangeville m
M Windsor n
Township of Artemesia i
City of Ouelph i.
II Belleville m
II Halifax n
II II School II
II Moncton n
,1 St. John .1
II Ottawa It
Town of New Glasgow bonds
II Oakville m
II Dundas n
II Parkdale n
II Seaforth u
II Cobourg
City of Charlotte town n
Town of Gait n
I, Smith's Falls n
II Woodstock 11
.1 Mount Forest h
Village of Morrisburg h
Province of Quebec n
Town of St. Henry n
Village of St. Louis du Mile End bonds
Town of Cote St. Antoine bonds
II Beauhamois n
City of St. Henry n .....
II School Municipality
bonds
II School Commissioners'
bonds ...
County of Pontiac n
Town of St. Cunegonde bonds
II Maisonneuve n
City of Toronto R. C. School bonds ....
Town of Longueuil n
City of Winnipeg n
Town of Fraserville n ...
Municipality of Neebing n
Town of Amherst, N.S. i
II Fort William i
II Stellarton • n . . . .
Village of Lucknow n
Township of Ameliasburg h ....
Village of Cote St. Louis n
II Penetanguishene h ....
Town of Amherstburg u
II Napanee n
Township of Colchester South n
Village of Kingsville n
Town of Dresden h .
.1 Newmarket n .
Village of Midland n .
Town of Picton n ,
Village of Glencoe n .
II Forest n .
City of Sherbrooke n .
Town of Wolfville „ .
II Chatham, Ont. h
II Goderich n .
II Wiarton n .
Par value.
103.000 00
14,810 99
11 300 00
38,490 00
3,500 00
20,000 0)
83,000 00
41,000 00
17,500 00
34,500 00
63,900 00
203,530 00
48,000 00
15,000 00
3,500 00
70,485 55
3,000 00
500 00
10,000 00
12,000 00
152,172 42
19,000 00
24,000 00
12,714 32
9,000 00
183,000 00
175,000 00
200,000 00
40,000 00
92,000 00
100,000 00
130,000 00
114,650 00
150,000 00
45,000 00
2J,000 00
90,000 00
101,742 00
55,000 00
10,OCO 00
35,000 00
11,000 00
10,000 00
10,000 00
15,000 00
100,000 00
5,000 00
13,177 05
5,570 00
7,338 80
3,669 40
6,438 62
6,538 02
2,321 60
21,150 31
3,665 92
569 50
100,000 00
15,000 00
4.5,771 80
5,000 00
12,000 00
Par value.
Town of Barrie
II Almonte
1 1 Milton
II Sarnia
Township of Sombra
Counties of Leeds and Grenville bonds.
Village of East Toronto bonds
I. Lakefield n
City of Victoria, B.C. n
Town of Wingham i
II Brockville i
Town of Niagara Falls bonds
II Niagara
II Tilsonburg u
It Dartmouth n
It Terrebonne n
Valleyfield
1 1 Salaberry of Valleyfield bonds
II Joliette bonds
Village of Verdun bonds
It C6te St. Paul bonds
Township of Ascot n
II Farnham West bonds
Municipality St. Gregoire de Thau-
maturge bonds
Town of C6te St. Antoine School bonds
Province of Quebec annuities ,
Town of Peterborough bonds
It Chatham, N.B
II Magog II
II Pakenham ti
It Arnprior n
Tijwnship of Winchester n
Village of Hanover n
Town of Springhill n
Municipality of Inverness bonds
Town of St. Lambert n
II Montreal West n
I, Waterloo. P.Q. ..
II St. Lambert School Commis-
sioners' bonds
Village of Huntingdon bonds
City of Fredericton School bonds. . . .
Parish of St. Jerome n
Town of Orillia n
II St. Jerome n
II Leamington tt
Village of St.Therese de Blainville bonds
Town of Lindsay bonds
Municipality of Lunenburg bonds
Town of Bowmanville n
II Cookshire m
It Kincardine n
City of St. Hyacinthe it .....
II School Commis-
sioners' bonds..
County of Cape Breton bonds
Town of Parry Sound
II Essex II
II AUiston II
$.
5,500 00
12,700 00
10,540 00
3,600 00
3,150 00
25,000 00
15,000 00
10,000 00
20,000 00
11,000 00
64,763 48
56,837 73
22,765 72
23,378 29
10,000 00
12,000 00
152,000 00
63,000 00
35,000 00
70,000 00
50,000 00
20,000 00
10,000 00
25,000 00
68,427 02
434,729 10
50,000 00
17,000 00
18,000 00
15,369 91
70,825 58
47,737 34
9,498 87
5,000 00
67,000 00
84, .328 03
30,000 00
6,000 00
11,148 54
43,563 60
5,000 00
56,162 17
3,000 00
10,413 42
14,697 26
7,000 00
3,000 00
10,000 OO
47,345 06
22,832 02
32,917 48.
139,800 15
37,113 65
29,000 00
21,520 01
20,151 15
7,540 00
Total $5,910,446 10
LIFE INSURANCE C0MPAME8
347
SESSIONAL PAPER No. 8
STANDARD LIFE— Continued.
ASSETS — Continued.
* Municipal debentures in the hands of the company, viz.: —
Par value.
Towns —
Almonte. $ 800 00
Amherst . . 40,000 00
Amherstburg 34,574 07
Amprior 1»^46 39
Aylmer 10,
Barrie 5,34111
Bedford 12,400 00
Berthier 13,160 00
Blenheim 3,154 86
Bowmanville 980 14
Brampton 6,172 11
Brockville 1,980 27
Chatham 7,652 87
Chieoutimi 37,803 52
Clinton 4,000 00
Cobourg 43,360 40
Collingwcod 17,924 03
Cookshire 662 60
Cornwall.. 6,689 22
Drummondville 25,392 45
Essex 682 20
Farnham 31,851 41
Gravenhurst 3,999 61
Hnntsville 21,999 90
Kincardine 7,942 43
Lachine . 7,000 00
Lachute 10,400 00
Leamington 21,104 39
Lethbridge 4,.50C 00
Lindsay 17,519 04
Milton 2,038 65
Napanee 6,666 75
New Glasgow 3,000 00
Newmarket 21,425 58
Niagara Falls 716 51
Orillia 40,473 67
Oshawa , 6,931 00
Owen Sound 15,977 10
Parry Sound 1,422 38
Pembroke 7,811 67
Pictou 932 87
Port Elgin 3,740 00
Port Hope ...... 64,011 60
Prencott 3,008 01
Richmond 22,913 41
Ridgetown. 11,563 31
Sandwich 13,762 18
Sarnia 50,968 83
Sault Ste. Marie 10,000 00
Sommerville 10,507 96
Simcoe 3,514 30
Smith's Falls 20,549 50
Villages —
Beamsville , , . ,
Bobcaygeon
Campbellford. . ,
Casselman
Chambly Basin . .
II Canton
Chesley ,
Dvmnville ,
Embro
Essex Centre
Forest ,
Georgetown
Glencoe .
Hanover
Hintonburg
Huntingdon
Hunts ville
Kemptville. . .
Lac Weedon
London West
Madoc ...
Midland
Morrisburg
Megantic
Oil Springs.
Paisley
PointFortune
Port Dover
Preston
Richmond
Rigaud
Roberval
Southampton
Stanstead Plains
St. Jean Baptiste de I'lsle Verte
Tweed
Vaudreuil
Valleyfield
Wallaceburg
Waterf ord
Watford
Weedon Centre
Weston
Wiarton
Winchester
Windsor Mills ,
Par value.
$ 739 OO
3,000 00
8.219 06
2,000 00
8,898 25
13,572 32
2,412 00
2,145 OO
2,332 87
3,424 OO
544 99
1,400 00
1,318 16
179 09
4,000 OO
594 58.
4,908 66
8,509 58
5,262 51
. 13,990 72
3,284 5»
2,668 98.
4,550 00
2,037 56.
1,130 00
505 00'
2,050 OO
5.220 85-
4,178 00
1,348 29
5,069 85
1,408 19
16,000 00
. 10,883 84
3,091 19-
5,000 00
7,363 OO
10,477 35
30,000 20
5,501 47
153 56-
2,871 45
27^ 20
2,000 OO
5,735 55.
9,025 27
$ 229,289 12:
St. Anne de Bellevue
St. Jerome
St. Mary's
St. Lambert
Thorold
Tilbury Centre. .
Toronto Junction
Trenton 111767 34
Townships —
Aldborough $ 7,200 OO
Amabel ... 1,233 60
6,000 00 Ascot 2,000 00
11,826 88 Belmont and Methuen 1,374 09>
12,747 89 Brock 1,264 96
50,819 91 Colchester North 2,953 OO
3,150 11 Dover 7,149 94
1,000 00 Dundee 12,369 00
92,400 00 East Farnham 4,810 80
East Luther 853 52
Uxbridge 6; 000 00 Ellice 865 OO
Victoriaville 7,646 45 Hawkesbury 2,633 54
Walkerton 9,143 15 Himsworth 202 48
Walkerville 3,665 15 Keppel 3,000 00
Whitby 20,392 21 Laxton, Digby and Longford 5,000 00
Wingham 5,0.56 06 Marmora Lake 1,833 61
Matilda 5,002 74
$ 964,443 14 Oakland 3,500 00
Oxfoid 6,609 70
* In addition to these there are $1,232,500 invested in foreign securities, and $25,000 Provmce of
Quebec bonds held by the Government of Newfoundland.
348
DEPARTMENT OF FINANCE-Ii\SURANCE BRANCH
2-3 EDWARD VI!., A. 1903
STANDARD lAY'E.—Contimied.
ASSETS — Continued.
Debentures in the hands of the company, viz. : — Concluded.
Par value.
Townships — Continued,
Orillia S 1,330 00
Orford 2,321 00
Fakenhani 576 27
Potton 5,000 00
Proton 708 97
Raleigh 1,525 73
Roxton 5,000 00
Russell 703 60
Sandwich East 167 56
Somerville 2,000 00
South ( Jrimsby 257 76
Tilbury West .S,142 38
West Luther 353 72
Whitby 2,582 10
Winchester 3,318 12
Zone 528 38
$ 99,371 57
School Commissioners —
Beauharnois $ 7,767 04
Chicoutimi 3,151 53
Kingston Roman Catholic 16,400 00
Lachute 8,355 73
Montreal Protestant 5,000 00
I. Roman Catholic 2,000 00
Municipality of St. Edward 25,000 00
St. Hyacinthe 336 57
St. Jerome 34,239 18
St. Lambert 145 16
$ 102,395 21
Cities —
Fredericton.. $ 13,003 00
Halifax 59,000 00
Hamilton 5,000 00
Kingston 34,200 00
Montreal 27,400 00
Ottawa 4,073 24
Sorel 6,000 00
Stratford 13,000 00
St. Hyacinthe 8,234 96
St. Thomas 3,597 57
Toronto 548 25
Windsor 30,276 29
$ 204,333 31
Counties —
Cape Breton
Lincoln
Par value.
$ 1,000 00
1,000 00
$ 2,000 00
Railways —
Canada Central Railway Co $ 1,946 67
Central Vermont 100,000 00
Grand Trunk Railway, Owen Sound
Branch 24,000 00
Halifax Electric Tramway Co 34,000 00
London Street Railway Co 29,000 00
Montreal „ 70,300 00
St. John Railway Co 11,500 00
Toronto Railway Co 45,746 67
Winnipeg Electric Street Railway Co. 100, 000 00
$ 416,493 34
Municipalities —
Cumberland $ 15,000 00
Gloucester 12,000 00
Guysboro' 1,200 00
Weedon 21,050 05
St. Gregoire de Thaumaturge 12,306 81
St. John Chrysostdme 318 89
% 61,875 75
Miscellaneous—
Laurentide Pulp Co $ 50,000 00
Montreal Gas Co 250,146 67
Harbour 8,000 00
Light, Heat and Power Co. 50,000 00
Province of Quebec 31,993 33
Sault Ste. Marie Bridge Co 44,000 00
West India Electric Co 25.000 00
Victoria rolling stock 100,000 00
$ 559,140 00
Synopsis —
Bonds in deposit with Receiver General $ 5,910,446 10
II hands of company, viz.: —
Towns 964,443 14
Townships. .. 99,37157
Cities 204,333 31
Counties 2,000 00
Villages 229,289 12
School Commissioners 102,395 21
Railways . . 416,493 34
Municipalities 61,875 75
Miscellaneous 559,140 00
Total ,
J 8,549,787 54
Carried out at par value I 8,549,787 54
LIFE INSURANCE COMPANIES 349
SESSIONAL PAPER No. 8
STANDARD lAYl^—Continued.
ASSETS — Concluded.
Cash at head office | 2176 99
Cash in Bank of Montreal 374,953 58
Interest due 27,76-4 99
Rents accrued. . . 427 53
Gross premiums due and uncollected ou Canadian policies in force
(including $7,296.70 interest) $ 149,356 44
Deduct cost of collection at 10 per cent 14,935 64
Net amount of outstanding premiums 134,420 80
Other assets 1,348 34
Total assets in Canada $14,973,972 26
LIABILITIES IN CANADA.
Under Policies issued previous to March 31, 1878.
■*^ Amount computed to cover the net reserve on all outstanding policies
in Canada $ 779,461 67
Reserves for reversionary additions 274,211 11
Net reinsurance reserve 1,053,672 78
Amount of death claims in Canada due and unpaid 9,469 60
Total net liabilities to said policy-holders in Canada. ... $ 1,063,142 38
LIABILITIES IN CANADA.
Under Policies issued subsequent to March 31, 1878.
t Amount computed to cover net reserve on all outstanding policies in
Canada $ 4,668,474 00
Reserve for reversionary additions 491,436 00
.1 life annuities 98,758 00
Total...., 8 5.258,668 00
Deduct reserve on policies reinsured in other licensed companies in
Canada 30,982 00
Net reinsurance reserve $ 5,227,686 00
Claims for death losses, due and unpaid 37,496 50
Claims for matured endowments, due and unpaid 11,535 50
Total net liabilities to said policy-holders in Canada. ... $ 5,276,718 00
Total net liabilities to all policy-holders in Canada $ 6,339,860 38
* Valuation of the policies in force as at November 15, 1902, by the Institute of Actuaries' H**. Table,
with interest at 4^ per cent. Computed by the Department.
t Valuation as at November 15, 1902 by the Institute of Actuaries' H^'. Table with interest at 4i per
cent for policies issued previous to January 1, 1900, and at 3^ per cent for policies issued subsequent to that
date. Computed by the department.
350 DEPARTMENT OF FINANCE— INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
STANDARD JAYY.— Continued.
INCOME IN CANADA.
Cash received for premiums . $ 750,032 42
Cash received for annuities 20,023 77
Total $ 770,056 19
Deduct amount paid for reinsurance 10,012 28
Net premium income % 760,043 91
Cash for interest and dividends 671,537 00
Net cash for rents 1 1,125 84
All other income 407 59
Total income in Canada $ 1,443,1 14 34
EXPENDITURE IN CANADA.
Cash paid for death losses in Canada $ 210,724 20
Bonus additions thereon 31,068 67
Total amount paid for death losses in Canada ($54,188.40 of which
accrued in previous years) f 241,792 87
Cash paid for matured endowments $ 83,855 00
Bonus additions thereon 12,546 25
Total amount paid for matured endowments in Canada ($28,897.50 of
which accrued in previous years) 96,401 25
Total net amount paid on account of claims in Canada $ 338,194 12
Amount paid to annuitants 9,749 85
Amount paid for surrendered policies 28,417 54
Total net amount paid to policy-holders in Canada $ 376,361 51
Cash paid for commissions, salaries and other expenses of oflficials in
Canada | 118,600 63
Taxes, licenses, fees or fines 7,737 60
All other expenditure in Canada, viz. : — Medical fees, $5,695.29 ; law
expenses, $1,104.75 ; travelHng expenses, $10,323.95; advertising,
$1,733.13 ; stationery and books, $1,658.77 ; postage ajad tdegrams,
$2,002.92; newspapers, &c., $74.40; exchange, $1,159.28; rents,
$4,565 ; subscriptions, $25 ; delivering eircnlars, $383.05 ; charges
on investments, $1,068.59; petty cash and sundries, $138.55; in-
surance, $140.32; furniture and repairs, $287.95; light and heat,
$50.08 ; wages and cleaning, $48.37 ; sale of Real Estate, $675.... 31,1 14 40
Total expenditure in Canada $ 533,814 14
MISCELLANEOUS.
Kumber of new policies reported during the year as taken in
Canada 1,048
Amount of said policies $ 2,008,216 00
Number of policies become claims in Canada during the year. 144
Amount of said claims (including bonus additions, $35,722.27) 313,609 82
Number of policies in force in Canada at date 10,395
Amount of said policies $ 19,831,590 64 *
Bonu» additions thereon . 1.304,962 44
Total $ 21,136,553 08
Amount of said policies reinsured in other licensed companies in
Canada, including $3,459.86 bonus additions 199,459 86
Net amount of policies in force in Canada at November 15, 1902 20,937,093 22
LIFE INSURANCE COMPANIES
351
SESSIONAL PAPER No. 8
STANDARD JA¥^—Conti7med.
EXHIBIT OF POLICIES.
In force November 15, 1901 : —
No.
Amount.
Whole life 5,568 $11,104,186
Endowments 4,179 7,216,583
Term and all other 88 408,000
Bonus additions 1,378,608
New policies issued
Whole life
Endowment
Term and all other
Bonus additions (Intermediate).
383 % 824,750
735 1,104,850
65 375,116
1,622
Old policies revived .
Total
Deduct policies terminated.
No.
Amount.
9,835 $ 20,107,377
1,183 2,306,338
65 119,898
11,080 $22,.533,613
685 1,397,060
In force November 15, 1902 : —
Whole life 5,644 $ 11,452,141
Endowments 4,637 7,859,450
Term and all other 114 520,000
Bonus additions 1,304,962
10,395 $21,136,553
DETAILS OF TERMINATIONS.
No.
Amount.
Terminated by death
maturity
expiry
surrender.
lapse
change and decrease .
Policies not taken
104 $ 234,.570 57
40
3
74
301
105
58
79,039 25
14,000 00
142,628 27
561,511 33
237,810 59
127,500 00
Total terminated ,
685 $1,397,060 01
Details of Policies issued prior to March 31, 1878, and bonus additions thereon.
Policies in force at beginning of year in Canada (including
$441,747.37 bonus additions) 921 $ 2,032,815 87
Interim bonuses added during the year 691 72
Policies revived (including $316.81 bonus additions) 3 3,480 14
Policies terminated (including bonus additions, $26,560.14) 90 144,240 24
Policies in force at date of statement (including $416,195.76
bonus additions) 834 1,883,747 49
k
352
DEPARTMENT OF FINANCE-INSURANCE BRANCH
2-3 EDWARD VII.. A. 1903
STANDARD lA¥¥.—Conchvded.
General Business Statement for the Year ending Novembsr 15,
Revenue Account for the Year ended 15th November, 1902.
Amount of funds at the beginning
of the year, November IG, 1901 . . 10,126,311 0
Premiums (after deduction of re-
assurance premiums) 922,690 0
Consideration for annuities granted 148,425 2
Interest and dividends 417;271 15
Fines and fees 635 7
Claims by death under life policies,
4 including bonus a'lditions (after
deduction of sums reassured). . . ,
9 Claims under endowments and en-
5 dowment assurances matured
5
6 i
1902.
£ s. d.
705,736 12 6
59,420 10
£ 765,157 12 3
Surrenders 53,050 3 1
Annuities 96,745 19 1
Commission 56,093 1 8
Expenses of management 134,537 0 10
Dividend and bonus to shareholders 20,000 0 0
Income tax 8,137 17 4
Am.ount of funds at the end of the
year, November 15, 1902, as per
balance sheet 10,481,612 1 2
£11,615,333 15 5
£11,615,.333 15 5
Balance Sheet on the
£ s. d.
120,000
0 0
liabilities.
Shareholders' capital paid up . .
Assurance and annuity fund 10,273,123 0 6
Reserve fund 80,000 0 0
Balance carried forward 8,489 0 8
Total funds, as per revenue
account 10,481,612 1 2
*Claims under f)olicies admitted but
not paid 136,632 5 3
*Dividends to proprietors (due at
and prior to November 15) out-
standing 9,665 6 0
^Annuities outstanding 2,585 0 6
Staff deposit fund 11,222 15 0
Sums deposited with the company . 960 0 0
15th November, 1902.
assets.
Mortgages on property within the
United Kingdom
Mortgages on property out of the
United Kingdom ,
Loans on the company's policies,
within their surrender value
Investments —
British government securities. . . .
Indian and colonial government
securities
Foreign government securities.. . .
Britisn municipal bonds
Indian and colonial municipal
bonds
Railway and other debentures
and aebenture stock
Railway and other shares (prefer-
ence and ordinary)
Bank deposits for fixed periods. . .
House property —
Freehold £839,573 5 9
Leasehold 7,162 8 2
Stocks of Scottish chartered bank3
Company's shares
Groiand rents and feu-duties
Life rents and reversions pur-
chased
Loans upon personal security, with
policies of assurance, repayable
by instalments
Loans on debentures, shares, &c.,
with collateral security
Loans on Indian and colonial muni-
cipal securities .....
Loans on foreign municipal securi-
ties
Loans on Indian and colonial se-
curities
Loans on Indian government securi-
ties
Agents' balances
Outstanding premiums
Interest accrued, but not due
.1 due, but not paid
Cash on Deposit .... £7,333 6 8
II on current ac-
counts and in hand 70,886 10 9
Deed and receipt stamps in hand. . .
£ 8. d.
2,158,276 3 5
1,863,744 12 1
507,016 18 9
197,926 17 8
173,090 13 10
173,132 19 8
5,000 0 0
1,988,101 13 2
1,352,728 14 2
118,417 2 9
85,240 10 8
846,835 i3 11
13,370 18 4
11,962 8 3
165,371 17 9
116,761 18 5
40,639 19 11
149,668 2 1
6,000 0 0
88,280 10 10
80,876 14 3
39,866 13 4
175,345 11 1
123,558 5 7
90,326 4 0
12,818 13 3
78,219 17 5
97 13 4
£10,642,677 7 11
£10,642,677 7 11
^Note. — These items are included in the corresponding items in the revenue account.
LIFE INSURANCE COMPANIES 353
SESSIONAL PAPER No. 8
STAR LIFE ASSURANCE SOCIETY.
Statement for the Year ending December 31, 1902.
Chairman — George Lidgett. | Secretary — H. G. Hobson.
Principal Office — 32 Moorgate Street, London, England.
Chief Agent i^i Canada — Head Office in Canada — Toronto.
Alfred William Briggs.
(Established, 1843. Commenced business in Canada, November 6, 1868.)
capital.
Amount of capital authorized and subscribed for, £100,000 stg % 486,666 67
Amount paid up in cash, £5,000 stg , . . . . 24,333 33
assets in CANADA.
Value of real estate in Canada held by the company % 158,000 00
Amount secured by way of loans on real estate in Canada, by bond or
mortgage, first liens 521,902 80
Amount of loans made to Canadian policy-holders on the company's
policies assigned as collaterals 16,571 00
Premium obligations on Canadian policies in force 3,459 10
Canada 4 per cent stock in deposit with Receiver General, par value
$146,000 ; market value 153,837 36
Canada 4 per cent stock in possession of the company, par value
.$97,333.33 ; market value $102,558 24
Cash at head office in Canada 63 63
Cash in banks, viz.: —
Ames & Co $ 120 57
Bank of Toronto, Toro'ito 14,064 57
Canadian Bank of Commerce, Toronto . G65 90
14,851 04
Agents' ledger balances in Canada 1,466 27
Interest due % 5,436 65
Interest accrued 8,331 78
Total carried out 13,768 43
Rents due « ;386 00
Rents accrued. .:.... 1,138 17
Total carried out 1,524 17
(xross preniiuius due and uncollected on Canadian policies in force .... •$ 1,656 42
( Jross deferred preniiunis on same '. None.
Total outstanding and deferred premiums % 1,65<} 42
Deduct cost of collection at 0 per cent 82 82
Net outstanding and deferred premiums 1,573 60
Total assets in Canada .$ 887,017 40
23
554 DEPARTMENT OF FINANCE—INSMRANGE BRANCH
2-3 EDWARD VII.. A. 1903
STAR LIFE— 6'on<2w*erf.
LIABILITIES IN CANADA.
Amount estimated to cover the net present value of all policies in
force I 150,000 00
Reserves for reversionary additions and premium reductions 35,000 (X)
Reserves for life annuities (500 00
* Net reserve on all outstanding risks in Canada ^ 185,600 00
Total liabilities in Canada , $ 185,600 00
INCOME IN CANADA.
Cash received for premiums $ 16,296 37
Premium obligations taken in part payment of premiums 67832
Total net premium income $ 16,974 69
Amount received for interest or dividends on stock (paid direct to head
office) 9,733 33
Received for interest on loans 25,383 94
Net amount received for rents 5,825 00
Total income in Canada I 57,916 96
EXPENDITURE IN CANADA.
Net amount paid for death claims ^ 43,282 35
Amount paid during the year for surrendered policies 1,279 69
Amount paid to annuitants 115 92
Total net amount paid to policy-holders in Canada ^ 44,677 96
Cash paid for commissions, salaries and other expenses of officials 2,495 54
Cash paid for licenses, taxes, fees or fines 1,425 56
Sundry expenses 261 84
Total expenditure in Canada % 48,860 90
PREMIUM NOTE ACCOUNT.
Premium obligations on hand at commencement of year ... $ 2,960 19
Premium obligations received during the year 678 32
Total f 3,638 51
Deductions during the year, viz.: —
Voided by lapse ^ 179 41
Total deduction 179 41
Balance, note assets at end of year $ 3,459 10
* Based on the Institute of Actuaries' H^^- Table with 4| p.c. interest for policies issued on or before
December 31, 1899, and with 3^ p.c. for policies issued since 'that date ; estimated by the Department.
LIFE INSURANCE COMPANIES 355
SESSIONAL PAPER No. 8
STAR IjW^— Continued.
^ MISCELLANEOUS.
Number of new policies reported during the year as taken in Canada 24
Amount of said policies | 46,500 00
Number of policies become claims in Canada during the year 6
Amount of said policies 43,282 35
Number of policies in force in Canada at date (excluding annuities) 253
Amount of said fjolicies $ 445,909 66
Bonus additions thereon. 49,666 76
Total net amount in force at December 31, 1902 495,576 42
Number of life annuities in force in Canada at date 1
Amount of annual payments thereunder 115 92
EXHIBIT OF POLICIES (CANADIAN BUSINESS.)
In force at beginning of year : —
No. Amount. No. Amount.
Whole life ix)licies 174 $ 357,290 60
Endowments 68 89,497 40
Term and all other 5 6,973 33
Bonus additions. . -. 50,506 27
New policies issued : —
Whole life
Endowments
Term and all other.
18 $
40,500 00
5
5,000 00
1
1,000 00
247 I 504,267 60
24 46,500 00
271 $ 550,767 60
Deduct terminated 18 55,191 18
In force at end of year : —
No. Amount.
Whole life 177 $ 346,412 26
Endowments ' 73 94,497 40
Term and all other 3 5,000 00
Bonus additions 49,666 76
253 I 495,576 42
DETAILS OF^TERMINATIONS.
No. Amount.
Terminated by^death (including bonus additions, $142.35) 6 $ 43,282 35
ti 'surrender (including bonus 'additions, $697.16)... 3 2,908 83
lapse ■ 9 9,000 00
Total 18 $ 5.5,191 18
8—231
356
DEPARTMENT OF FINAN-CE-II^SURANCE BRANCH
2-3 EDWARD VII., A. 1903
STAR lAY^— Concluded.
General Business Statement for the Year ending December 31, 1902.
REVENUE ACCOUNT.
£
Amount of funds at the beginning
of the year 5,363,574
Premiums £580,770 15 7
Less reassuvance
premiums 24,013 13 G
Consideration for annuities granted.
Interest and dividends
Fees
s. d.
Claims under poli-
7 2 cies £362,214 1 U
Less reassurances . . 40,473 14 0
£321,740 ■ 7
Endowments matu'd 38,722 3
55(5,763 2 1
8,532 7 0
192,874 14 3 Surrenders
217 14 1 Surrenders of bonus
Annuities
Commission
Expenses of manage
ment £30,420 14
Medical fees 3,484 3
Income tax
Dividends to shareholders ,
Bonus abatement of premiums. . . .
Amount of funds at end of the year
as per balance sheet
£6,121,962 4 7
360,462 10 0
28,980 4 5
703 11 1
14,570 10 11
45,310 2 7
33,904 17 7
13,090 6 8
250 0 0
3,047 16 11
5,621,642 4 6
£6^121,962 4 7
BALANCE SHEET.
LIABILITIES.
£ s.
Shareholders' capital
paid up £ 5,000 0 0
Assurance and annu-
ity fund 5,616,642 4 5
Total funds as per revenue account. .'),621,642 4
Claims adnjitted and
announced, but not
paid... £ 83,473 1 9
Less reassurances .. . 10,073 5 0
73,399 16
£ 8. d.
Mortgages on property within the
United Kingdom 402,944 15 8
Mortgages on property out cf the
United Kingdom ... 252,382 16 4
Loans on the society's policies(with-
in their surrender value) 351,502 4 10
Investments —
In British government securities 103,045 3 4
Indian and colonial government
securities .... 1,213,420 10 9
Foreign governinent securities... 98,082 11 11
Foreign municipality securities . 108,078 13 5
British railway ordinary stock . . 85,625 12 4
British railway guaranteed stock 24,950 1 0
British railway debenture stock. 01,746 18 7
British railway preference and
preferred stock 1,610,301 17 3
Freehold and leasehold premises. 333,187 8 9
Ground rents 117,826 4 4
Put chase of life interests and re-
versions 65,605 6 9
Loans —
To trustees of Wesleyan Metho-
dist chapels 117,707 8 2
On life interests and reversions . 137,226 9 11
On statutory rates 288,018 17 11
Agents' balances . 148,730 10 3
Outstanding premiums (head office) r2,64S 6 5
Premiums on credit 47,140 0 2
Outstanding interest 4,981 12 0
Accrued interest (to December 31,
1902) 72,317 9 5
Bankers' balances—
On special depoisit account 8,040 0 0
On deposit account 24,100 0 0
On current account 4,771 1 8
£5,695,042 1
£5,695,042 1 2
LIFE INSURANCE COMPANIES 357
SESSIONAL PAPER No. 8
THE SUN LIFE ASSURANCE COMPANY OF CANADA.
Statement for the Year ending December 31, 1902.
President mid CJiief Agent — Secretary — T. B. Macaulay, F.I. A.
Robertson Macaulay.
Head Office — Montreal.
(Incorporated, in 1865, by i^ct of Province of Canada, 28 Vic, cap. 43. Amended in
1870 by 33 Yic, cap. 58, and in 1871 by 34 Yic, cap. 53, and in 1882 by 45 Vic,
cap. 100, and in 1888 by 51-52 Yic, cap 119, and in 1897 by 60-61 Yic, cap. 82.
Commenced business in Canada, May, 1871.)
capital.
Amount of joint stock capital authorized % 1,000,000 00
subscribed for 700,000 00
II paid up in cash 105,000 00
(For List of Shareholders, see Appendix.)
assets as per ledger accounts.
Yalue of real estate (no encumbrances) held by the company $ 1,197,150 41
Amount secured by way of loans on real estate, by bond or mortgage,
first liens ^ 2,965,117 37
Amount of loans secured by bonds, stocks or other marketable collate-
rals, viz. : 170,095 00
City of Montreal bonds
Central Market Street Railway bonds.
Shawinigan Water & Power Co. bonds.
Par value.
Market
value.
Amount
loaned.
a 100 00
$ 98 00
§ 95 00
53,000 00
51,675 00
45,000 00
157,<X)0 00
164,850 00
125,000 00
$ 210,100 00 $ 216,623 00 $ 170,095 00
Amount of loans, as above, on which interest has been overdue one
year or more previous to statement 1120,287 33
Amount of loans made in cash to policy-holders on the company's poli-
cies assigned as collaterals .,...., . 861,966 42
Ground rents. 38,640 00
Policy loans under non-forfeiture agreements 220,476 82
Premium obliirations on policies in force 1,225 24
358 DEPARTMENT OF FINANCE— INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
SUN lAFlS^— Continued.
ASSETS — Continued.
Stocks, bonds and debentures owned by the company, viz.: —
Government Bonds. Par value. Ledger value. Market value.
Province of Manitoba $ 1,000 00 ^ 1,053 60 $ 1,080 00
New Brunswick 10,000 00 10,000 00 10,750 00
Nova Scotia. 3,500 00 3,500 00 3,755 50
Quebec 1,000 00 1,064 20 1,080 00
State of Virginia 10,000 00 9,831 99 9,831 99
United States of Mexico 20,000 00 19,250 00 19,250 00
Municipal Bmuls.
City of Brandon 42,000 00 42,000 00 42,000 00
„ Charlottetown, P.E.I 500 00 542 00 545 00
n Chebovgan, Mich 5,000 00 5,300 34 5,275 00
„ Greenwood, B.C 15,000 00 15,188 00 13,500 00
„ Havana, Cuba 25,000 00 26,317 89 26,317 89
„ Kamloops, B.C 37,500 00 37,500 00 37,500 00
„ Montreal 500 00 480 00 490 00
„ Vancouver 30,000 00 30,<J00 00 40,275 00
„ New Westminster 252,500 00 252,500 00 252,500 00
M Quebec 36,000 00 36,939 00 39,568 20
„ Revelstoke, B.C 15,000 00 15,175 00 15,000 00
„ Rossland, B.C 72,000 00 75,246 25 78,474 00
„ Shanghai 67,4.30 00 83,441 55 70,127 20
.. Vernon, B.C 22,000 00 22,098 13 23.034 00
Town of Berthier, Que 5,000 00 5,025 00 5,000 00
Chilli wack, B.C ... 9,500 00 9,500 00 10,212 50
Maisonneuve, Que 57,000 00 57,019 00 58,282 50
;i Maisonneuve, Prot. School Com-
missioners 4,000 00 4,000 00 4,312 00
II Maisonneuve, R. C. School Com-
missioners 48,656 94 i50,781 94 50,602 55
„ Moose Jaw, N.W.T 7,000 00 7,023 74 7,4% 00
11 Regina, Assa . 22,500 00 25,201 75 25,270 00
II Richmond, Que., R. C. School
Commissioners 4,332 38 4,332 38 4,720 67
St. Jerdme, Que ... 5,000 00 5,000 00 5,728 38
„ St. Louis, Prot. School Trustees... 8,000 00 8,127 20 9,040 00
St. Paul, Que 1 ,000 00 1,015 00 1,000 00
n Sault Ste. Marie, Ont 81,243 62 81,885 32 86,142 72
„ Sturgeon Falls, Ont 19,050 94 19,247 93 20,110 13
Sudbury, Ont 40,337 78 40,337 78 42,000 90
II Thessalon, Ont 2,000 00 2,030 00 2,140 00
Toronto Junction 59,500 00 59,560 06 50,575 00
Waterloo, Que 500 00 511 27 537 50
County of Alpena, Mich .50,000 00 .56,654 23 61,250 00
Townships of De Salaberry and Grandison,
Que 1,919 65 2,006 56 2,159 87
Township of Gloucester, Ont., R. C. School
Commissioners 2,000 00 2,015 00 2,140 00
Township of Richmond, B.C 60,000 00 60,000 00 64,090 00
District of Argyle, Man 1,500 00 1,500 00 1,500 00
Burnaby, B.C 35,000 00 41,40(» 00 35,000 00
Dewdney, B.C 17,228 00 17,278 33 12,059 60
North Vancouver, B.C 28,000 00 30,110 00 37,063 60
„ South Vancouver, B.C 25,000 00 25,000 00 25,000 00
Spallumcheen, B.C 23,043 64 24,653 04 23,043 64
Village of Baie de St. Paul 10,093 24 10,093 24 10,818 39
Blind River, Ont .5,000 00 4,900 00 5,000 00
De Lorimier, Que 50,000 00 54,000 00 51,2.50 00
I! Granby, Que., School Commis-
sioners 6,475 72 6,475 72 7,235 52
Portage du Fort, Que 448 50 448 50 448 50
Roberval 7,923 19 7,923 19 7,923 19
Ste. Scholastique, Que 2,f;32 30 2,632 30 2,761 08
Ville Marie, Que 4,644 70 4,644 70 4,644 70
Parish of St. Gregoire Thaum. School Com-
missioners (Montreal) 10,700 00 11,475 75 11,620 20
II St. Jean Baptiste Scliool Commis-
sioners (Montreal) 10,000 00 10,000 00 10,900 00
LIFE INSURANCE COMPANIES
SESSIONAL PAPER No. 8
SUN JAFl^— Continued.
ASSETS — Concluded.
Stocks, bonds and debentures owned by the company — Continued.
Steam Bail way Co.'s Bonds.
Par value. Ledger value. Market value.
Denver and South Western Railway Co. . . . $ 50,000 00 $ 45,625 00 $ 41,250 00
Michigan Central Railroad Co. (J. L. & Sag.) 45,000 00 48,389 65 47,250 00
Electric Bailwau Co.^s Bonds.
Chicago and Milwaukee Electric Railroad Co. 250,000 00 237,562 31 252,500 00
Cleveland, Painesville and Ashtabula Rail-
road Co 50,000 00 49,-526 85 50,000 00
Cuban Electric Co ... . ...\ 30,000 00 30,000 00 30,000 00
Dallas Electric Co 100,000 00 95,005 94 99,000 00
Dayton, Covington and Piqua Traction Co.. 40,000 00 38,858 54 40,000 00
Detroit and Flint Railway, guaranteed .... 74,000 00 74,021 09 74,000 00
Halifax Electric Tramway Co 1,000 00 ' 1,000 00 1,050 00
Havana Electric Railway Co 32,000 00 27,055 34 27,055 34
Honolulu Rapid Transit Co 50,000 00 52,501 15 52,501 15
Indianapolis Northern Traction Co., guar-
anteed 71,000 00 60,362 83 65,675 00
Montreal Terminal Railway 450,000 00 427,500 00 450,000 00
New Hampshire Traction Co 200,000 00 180,042 70 190,000 00
New Orleans Railways Co 100,000 00 90,028 13 98,000 00
New Orleans Railways Co., subscriptions. . . 150,000 00 149,997 35 151,500 00
Newport News and Old Point Ry. and Elec.
Co 80,000 00 79,378 21 80,000 00
Northern Ohio Traction Co 1,000 00 977 50 1,005 00
Quebec Railway, Light and Power Co 131,000 00 126,944 38 131,000 00
St. John (N.B.) Railway Co 1,100 00 1,164 00 1,210 00
Sao Paulo Tramway, Light and Power Co . 107,500 00 96,355 00 96.355 00
Terre Haute Electric Co 50,000 00 48.000 00 47,250 00
Toledo and Western Railway Co 50,000 00 45,113 06 46,000 00
Trinidad Electric Co 9,600 00 9,514 52 9,360 00
Union Traction Co. of Indiana 50,000 00 50,000 00 50,000 00
Urbana, Bellefontaine and Northern Rail-
way Co., guaranteed 80,000 00 78,014 11 80,000 00
Washington Railway and Electric Co 14,000 00 11,704 20 10,920 00
West India Electric Co. (Jamaica Street Ry.) 78,000 00 78,156 15 78,000 00
Whatcom County Railway and Light Co. . . 50,000 00 46,250 00 48,750 00
Winnipeg Electric Street Railway Co ... 1,000 00 1,077 24 1,090 00
Gas and Electric Co.'s Bonds.
Bay Counties Power Co 20,000 00 20,200 00 21,600 00
Canadian Electric Light Co 52,500 00 52,484 80 54,600 00
Capital Power Co 100,000 00 97,875 00 100,000 00
Chatham Gas Co 19,000 00 18,050 00 19,000 00
Denver Consolidated Electric Co 35,000 00 35,175 00 35,000 00
Edison Electric Co. of Los Angeles 100,000 00 101,000 00 101,000 00
Evansville Gas and Electric Light Co . . . , 30,000 00 29,409 23 30.000 00
Hudson River Water Power Co 160,000 00 156,000 00 164,000 00
Hudson River Electric Co., guaranteed 200,000 00 187,000 00 200,000 00
Missouri Edison Electric Co 40,000 00 41,700 00 35,400 00
Missouri River Power Co '. 100,000 00 101,022 22 104,500 00
New York and Richmond Gas Co 25,000 00 25,437 50 25,000 00
Ottawa Electric Co 50,000 00 51,350 00 51,500 00
Shawinigan Water and Power Co 100,000 00 96,500 00 105,000 00
Standard Light and Power Co 70,379 43 70,379 43 70,379 43
York Haven Water and Power Co 60,000 00 58,500 83 60,000 00
Telegraph and Telephone Co.'s Bonds.
Central Union (Bell) Telephone Co 125,000 00 129,075 37 126,250 00
Detroit Telephone Co., guaranteed 103,500 00 106,915 00 102,465 00
Michigan (Bell) Telephone Co 300, OW 00 298,891 74 297,000 00
Postal Telegraph Cable Co. of Texas, guar-
anteed 200,000 00 191,529 67 201,000 00
360 DEPA R TMENT OF FIN A NCE~INS UliA NCE BRANCH
2-3 EDWARD VII.. A. 1903
SUN lAY'EA—Co^itiniied.
ASSETS — Continued.
Stocks, bonds and debentures owned by the company — Continued.
Miscellaneous.
Par value. Ledger value. Market valuf.
Banco Hipotecario of Chile % 22,750 00 $ 23,040 34 ?5 23,046 34
Caja de Credito Hii)otecario of Chile 10.075 00 10,279 42 10,279 42
Con.solidated Water Co. of Utica, N.Y 50,000 00 51,314 87 50,000 00
Dominion Iron and Steel Co 125,000 00 102,704 93 111,250 00
Shanghai Land Investment Co 6,105 00 6,847 01 5,921 85
Total Bonds $5,892,670 03 $5,784,056 49 $5.904,340 45
Stocks.
Birmingham Railway, Light and Povi^er Co.,
preferred $ 128,600 00 $ 122,581 58 $ 148,.533 00
Canton Akron Railway Co., preferred 150,000 00 150,028 43 142,500 00
Central Market Street Railway Co., preferred 205,000 00 181,007 14 194,750 00
Cornwall Street Railway, Light and Power
Co., preferred 100,000 00 100,000 00 67,500 00
Dominion Coal Co., preferred 60,800 00 68,529 59 69,920 00
Georgia Railway and Electric Co., preferred 200,000 00 180,192 50 180,192 50
Halifax Electric Tramway Co 30,200 00 30,200 00 30,351 00
Havana Electric Railway Co., preferred. .. 132,000 00 73,050 00 73,050 00
Hudson River Water Power Co 36,000 00 28,800 00
Montreal Loan and Mortgage Co 5,475 00 5,475 00 7,336 50
Savannah Electric Co., preferred. 26,000 (X) 24,517 95 24,517 95
Seattle Electric Co., preferred 113,700 00 117,701 51 118,248 00
Trinidad Electric Co 9,600 00 2,400 00 4,800 00
Twin City Rapid Transit Co., preferred . . . 25,000 00 34,350 81 39,000 00
Washington Railway Electric Co., preferred 100,000 00 56,182 55 47,000 00
West Chicago Street Rail way Co., guaranteed 125,000 00 149,794 35 103,750 00
Western Telephone and Telegraph Co., pre-
ferred 40,000 00 39,015 35 39,600 00
Whatcom County Railway and Light Co.,
preferred 20,000 00 15,000 00 16,000 00
Total Stocks $1,507,375 00 $1,350,026 76 $1,-335,848 95
Grand Total Bonds and Stocks. .$7,400,045 03 $7,134,083 25 $7,240,189 40
Carried out at book value % 7,134,083 25
Cash on hand 24,520 19
Cash in bank, viz.: —
Molsons Bank, Montreal $ 11,094 13
Bank of Scotland, London, Eng 23,003 11
National Bank of India, Bombay, India 28,926 56
Credit Lyonnais, Paris, France • 19,852 29
Banco de Chili, Chili 10,700 17
Banco Aleman, Translantico, Chili '. . . . 3,757 03
Banco de Tarapaca, y Argentina, Chili 9,747 75
Bank of Montreal, Montreal 121,728 96
Bank of Montreal, New York 1,046 37
Total carried out. , 229,856 37
Total 112,843,131 07
LIFE INSURANCE COMPANIES 361
SESSIONAL PAPER No. 8
SUN JAFE—Conthiued.
OTHER ASSETS.
Market value of stocks, bonds, etc., over book value $ 106,106 15
Interest due $ 52,592 38
Interest accrued 136,868 17
Total 189,460 55
Rents due $ 5,174 46
Rents accrued 7,451 71
Total 12,626 17
Net amount of uncollected and deferred premiums : — on new business,
$83,324.12 ; on renewals, |245,624.82 328,948 94
Total assets $13,480,272 88
LIABILITIES.
Amount computed to cover the net reserve on^ all outstanding policies
in force $ 11,172,948 77
Reserve for reversionary additions and premium reductions 363,288 77
Reserve for life annuities 713,101 43
Total $ 12,249,338 97
Deduct net value of policies reinsured in other companies 2,000 78
^Net reinsurance reserve $ 12,247,338 19
Claims for death losses reiKjrted but not proved $ 84,578 71
Claims for death losses adjusted but awaiting discharge 96,853 10
Claims for death losses— resisted, in suit 6,275 00
It I resisted, not in suit ... 4,875 00
Total claims for death losses ($11,045.20 of which accrued in previous
years) ... $ 192,58181
Claims for matured endowments adjusted but awaiting discharge {S266
accrued in previous years) 2,799 70
Total outstanding claims 195,381 51
Present value of death claims payable by instalments not yet due 42,064 29
Annuity claims due and unpaid 4,878 26
Amount of bonuses to policy-holders unpaid 27,472 60
Amount of dividends to stockholders due January 1, 1903 7,875 00
Deposit to meet maturing debentures ' 3,538 12
Sundry debts 1,888 57
Total liabilities— Life department $12,530,436 54
Liabilities — Accident department 98 47
Total liabilities (exclusive of capital stock) $12,530,535 01
Surplus on policy-holders' account $ 949,737 87
Capital stock paid up . . .- 105,000 00
* On the basis of the Institute of Actuaries' H*'. Table, with 3^ per cent interest for all policies is.sued
since December 31, 1897, and 4^ per cent for all policies issued prior to that date.
362 DEPA R TMENT OF FINANCE— INS URA NGE BRA NCH
2-3 EDWARD VII., A. 1903
SUN lAY^— Continued.
INCOME DURING THE YEAR.
Gross cash received for premiums, ordinary $ 2,538,066 65
thrift 91,384 42
Premiums paid by dividends 71,561 64
Cash received for annuities 232,912 65
Total I 2,933,925 36
Deduct premiums paid to other companies for reinsurance 379 35
Total premium income I 2,933,546 01
(New, $518,519.97; renewal, $2,090,728.97; annuity, $232,912.65).
Amount received for interest 556,045 42
rents 29,078 70
Profit on sale of bonds 42,675 10
Total income — Life department e $ 3,561,345 23
Premiums from combined accident policies 164 11
Total income $ 3,561,509 34
EXPENDITURE DURING THE YEAR.
Cash paid for death claims, including bonuses and guaranteed additions,.
$12,080.50 $ 577,180 45
Payments on matured instalment policies 801 85
Net amount paid for death claims (of which $106,676 accrued in pre-
vious years) $ 577,982 30
Cash paid for matured endowments, including bonus additions,
$14,582.05 177,310 43
Total net amount paid for death claims and matured endowments $ 755,292 73
Cash paid to annuitants 52,294 47
II for surrendered policies and bonuses 153,338 39
Cash dividends paid policy-holders 31,988 79
11 applied in payment of premiums 71,561 64
Total amount paid to policy-holders $ 1,064,476 02
Cash paid for interest or dividends to stockholders 15,750 00
Commissions, salaries or other expenses of ofiicials 635,913 98
Taxes, licenses, etc 30,407 04
All other expenses, viz.: — Advertising, $7,863.30; printing and sta-
tionery, $16,414.74 ; rents, $23,798.39 ; medical fees, $36,968.09 ;
law costs, $5,347.45; furniture and fixtures, $4,018.60; expense,
thrift department, $42,573.96 ; Sundries, $4,822.91 141,807 44
Total expenditure — Life department. 1,888,354 48
Accident claims, $135 ; accident expenses, $20.51 155 51
Total expenditure . .' 1,888,509 99
LIFE INSURANCE COMPANIES 363
SESSIONAL PAPER No. 8
SUN JAY'S.— Co7itinued,
SYNOPSIS OF LEDGER ACCOUNTS.
Amount of net ledger assets beginning of year •$11,166,887 21
Income during the year (as above) 3,561,509 34
Decrease in agents' ledger balances 721 89
Appreciation of real estate, $2,500 ; Terrebonne sinking fund, $382.02 2,882 02
Increase in suspense credits 38 16
Total I 14,732,038 62
Expenditure as above — Life department .% 1,888,509 99
Amount written off ledger assets, not included in expenditure 397 50
1,888,907 55
Balance, net ledger assets, December 31, 1902 $12,843,131 07
PREMIUM NOTE ACCOUNT.
Premium obligations on hand at commencement of year $ 1,174 47
It received during the year 83 42
%
Total $ . 1,257 89
Used in payment of dividends to policy-holders 32 65
Note assets at end of year $ 1,225 24
MISCELLANEOUS.
Number of new policies reported during the year as taken 10,949
Amount of said policies $11,030,690 93
Number of policies become claims during the year (including
127 matured endowments) 682
Amount of said claims (including matured endowments, $179,463). . . . 855,977 00
Number of policies in force at date 57,380
Amount of said ix^licies , $ 66,427,054 00
Bonus additions thereon and return premiums 754,548 00
Total $ 67,181,602 00
Amount of said policies reinsured in other companies 16,050 00
Net amount of policies in force at December 31, 1902 67,165,552 00
Number of life annuities in force December 31, 1902 280
Amount of annual payments thereunder 69,586 77
364 DEPARTMENT OF FINANCE— INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
SUN JAYYa— Continued.
EXHIBIT OF POLICIES (tOTAL BUSINESS).
In force at beginning of year —
No. Amount. No. Amount.
Whole life policies 28,898 $ 3.5,859,352
Endowments 21,254 24,730,020
Term and all others 3,798 1,221,581
Bonus additions .589,978
53,950 % 62^400,931
New policies issued —
Whole life 6,638 $ 7,671,872
Endo\vinents 5,527 5,778,420
Term and all others 1,161 164,1.51
Bonus additions 99,656
13,326 13,714,099
Old policies revived 465 466,209
Old policies changed and increased 437 559,456
68,178 $ 77,140,695
Deduct terminated , 10,798 9,959,093
In force at end of year —
Whole life 30,439 $ 38,378,761
Endowments 23,394 26,979,295
Term and all others 3,547 1,068,998
Bonus additions 754,548
57,380 I 87,181,602
DETAILS OF TERMINATIONS.
No. Amount.
Terminated by death 555 | 676,514
u maturity 127 179,463
II expiry 19 67,229
surrender 784 1,176,490
.1 lapse • 6,064 3,940,308
Policies decreased 627 1,161,187
Policies not taken 2,622 2,757.902
Total 10,798 $ 9,959,093
DETAILS OF POLICIES REINSURED.
No. Amount.
Whole life policies reinsured 2 | 16,050 00
Statement of number of lives and amount of policies in force at December 31, 1902, at
ages grouped as under : —
No. Amount.
Ages 5 years and under 2,055 $ 143,979 85
Ages between 5 and 10 years 2,322 197,833 25
Claims paid during 1902 on lives : —
No. Amount.
Ages 5 years and under 50 $ 1,271 14
Ages between 5 and 10 years 13 1,178 10
*In the special infantile plan the amount assured as given in the statement above represents the exact
amount for which the company is liable at present, whereas under the other plans, Life, Endowment, &c.,
the assurance does not come into full force until the age of 13 years, in the case of ix)licies issued before
March 1, 1898, and 10 years in the case of those issued since. If death occurs previous to that age the
company agrees to return the premiums that have been paid and conipound interest thereon at 7 per cent
j)er annum.
LIFE INSURANCE COMPANIES 365
SESSIONAL PAPER No. 8
SUN l.IF'K—Contifiued.
BUSINESS DONE OUTSIDE OP CANADA.
(Included i7i above statement.)
ASSETS OUTSIDE OF CANAEA.
Amount secured by way of loans on real estate, by bond or mortgage,
first liens % 10,000 00
Amount of loans secured by bonds, stocks or other marketable col-
laterals 45,000 00
Amount of loans made to policy-holders on the company's policies as-
signed as collaterals 182,959 32
Policy loans under non- forfeiture agreements 100,582 48
Ledger value of stocks, bonds or debentures owned by the company . . . 4,546,047 00
Cash in banks 97,033 28
Total $ 4,981,622 08
OTHER ASSETS.
Market value of bonds and stocks over ledger value 69,225 63
Interest due % 13,681 75
Interest accrued . 49,554 70
63,236 51
Net amount of uncollected and deferred premiums on new business
.$60,668.74 ; on renewals, 1166,968.58 ... 227,637 32
Total assets outside of Canada ■ i^ 5,341,721 54
LIABILITIES OUTSIDE OF CANADA.
Amount computed to cover the net present value of all i^olicies in force. § 3,773,816 74
Reserve for reversionary additions and premium reduction 81,876 30
Reserve for life annuities 606,335 29
tNet reinsurance reserve $ 4,462,028 33
Claims for death losses, adjusted but awaiting discharge. . . % 65,755 38
Claims for death losses, reported but not proved 80,504 31
Claims for death losses, resisted, in suit. 6,275 00
Claims for death losses, resisted, not in suit 4,875 00
Total claims for death losses (-$11,042.20 accrued in previous
years) ^ 157,409 69
Total outstanding claims 157,409 69
Present value of claims payable by instalments not yet due 11,974 77
Annuity claims due and unpaid . 2,876 26
Amount of dividends or bonuses to policy-holders unpaid . . . • 3,909 24
Total liabilities outside of Canada % 4,638,200 29
PREMIUM INCOME OUTSIDE OF CANADA.
Cash received for premiums (ordinary) % 1,337,691 75
(thrift) 42,271 98
Premiums paid by dividends 21,957 50
Cash received for annuities ...
Total premium income outside of Canada .$ 1,627,170 68
+0n the basis of the Institute of Actuaries' Hm, Table, with 3i per cent interest forAll ixjlicies issued
!e Dec. 31, 1H97, and \\ per cent for all policies issued prior to tnat date.
366 DEPARTMENT OF FINANCE— INSURANCE BRANCH
2-3 EDWARD VII.. A. 1903
SUN JAY^— Continued.
PAYMENTS TO POLICY-HOLDERS OUTSIDE OF CANADA.
Cash paid for death claims (inchiding bonuses, $3,321.25) % 28f),840 23
Payments on matured instalment ix)licies 501 85
Net amount paid for death claims (of which $77,160.08 accrued in pre-
vious years) .$ 287,342 08
Cash paid for matured endowments (including bonuses, $5,923.85) 50,932 60
Total net amount paid for death claims and matured endowments. ... $ 338,274 68
Cash paid to annuitants 41,285 85
Cash paid for surrendered policies and bonuses 77,984 35
Cash dividends paid policy-holders 7,924 51
Cash dividends applied in payment of premiums 21,957 50
Total payments to policy-holders outside of Canada | 487,426 89
MISCELLANEOUS.
Number of policies reported during the yeai as taken outside of
Canada 6,458
Amount of said policies $ 7,016,513 60
Number of policies become claims during the year 306
Amount of said claims (including $50,652.00 matured endowments). . . 431,653 00
Number of }X)licies in force at date 23,498
Amount of said policies , $29,933,660 CO
Bonus additions thereon and return premiums 206,280 00
Total .* $30,139,940 00
Net amount of policies in force at December 31, 1902 30,139.940 00
Number of life annuities in force outside of Canada 207
Amount of annual payments thereunder 57,573 11
EXHIBIT OF POLICIES (OUTSIDE OF CANADA).
In force at beginning of year —
No, Amount. No. Amount.
Whole life policies 11,015 $ 13,757,255 00
Endowments 8,122 12,359,218 00
Term and all other 1,490 625,357 00
Bonus additions 135,734 00
20,627 $26,877,564 00
New policies issued —
Whole life 3,807 $4,522,646 00
Endowments 3,633 4,561,516 00
Term and all other 740 119,158 00
Bonus additions and return premiums 40,157 00
8,180 9,183,477 00
Old policies revived 212 278,987 00
Old policies changed and increased 395 459,072 00
29,414 136,799,100 00
Deduct terminated 5,916 6,659,160 00
In force at end of year —
Whole life 11,838 $ 15,039,520 00
Endowments 10,0; 4 14,329,239 00
Term and all other 1,586 .564,90100
Bonus additions and return premiums 206,280 00
23,498 130,139,940 00
LIFE INSURANCE COMPANIES
SESSIONAL PAPER No. 8
SUN lAYY.— Concluded.
DETAILS OF TERMINATIONS.
No.
Terminated by death 275
" maturity 31
" expiry 6
" surrender 360
lapse 3,039
Policies decreased 488
" not taken 1,717
Total 5,916
367
Amount.
I 381,001
50,652
21,979
672,651
2,585,752
979,605 00
1,967,520 00
I 6,659,160 00
00
00
00
00
00
Statement of number of lives and amount of policies in force
outside of Canada at December 31, 1902, at ages
grouped as under : —
No. Amount insured.
Ages 5 years and under '. . . . 741 $ 47,261 85
Ages between 5 and 10 years 799 68,061 55
Claims paid during 1902 on lives outside of Canada : —
No. .Amount paid.
Ages 5 years and under 17 ^ 376 92
Ages between 5 and 10 years 6 815 00
368 DEPARTMENT OF FINANCE-INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
THE TRAVELERS INSURANCE CO.
LIFE DEPARTMENT.
Statement for the Year ending December 31, 1902.
President — ^^S. C. Dunham. | Sea-etary — John E. Morris
Principal Office — Hartford, Conn., U.S.
Chief Agent in Canada — F. F. Parkins. | Head Office in Canada — Montreal, P.Q.
(Incorporated, June 17, 1863. Commenced business in Canada, July 1, 1865.)
capital.
Amount of capital authorized, subscribed for and paid up in cash. .... $ 1,000,000 00
assets in CANADA.
Value of real estate in Canada held by the company . . , . , .$ 15,()00 00
Amount of mortgages, on real estate in Canada held by Canadian
trustees under the Insurance Act. . 6.51,034 00
Bonds, stocks and debentures in deposit with the Receiver General,
viz : —
Par value. Market value.
* City of Montreal bonds .1? 52.500 00 $" 56,307 50
Sherbrooke bonds 30,000 00 32,250 00
Quebec .. 53.000 00 55,240 00
„ Hull „ 10.000 00 10,000 00
11 St. Hyacinthe bonds 10,000 00 10,250 00
" St. Thomas
II Toronto
Guelph .1 73,000 00 81,030 00
<iO,000 00 60,600 00
55,000 00 55,275 00
10,500 00 11,077 50
10,000 00 11,400 00
63,000 00 63,750 00
50,000 00 52.500 00
10,000 00 12,000 00
8,000 00 8,240 00
43,000 00 4.3,430 00
25,000 00 25,875 00
10,000 00 10,100 00
74.946 67 80,942 4<^
56,453 33 .50,808 00
II Port Hope
II Brantford
II Stratford
.1 Vancouver, B.C.
I. Winnipeg, Man.
Town of Sault Ste. Marie
II Parkdale
II Paris
II Port Arthur
II Coaticook
I. Iberville
Province of Manitoba
II Quebec
Manitoba and South Eastern Railway bond^ 73,000 00 74,460 00
Total par and market values $ 857,400 00 $ 887,745 40
Carried out at market value 887,74.5 40
^Amount of loans made to Canadian policy-holders on the company's
policies assigned as collaterals 100, .530 00
• Of which -$26,855 is on policies issued prior to March 31, 1878.
LIFE INSURANCE COMPANIEIS 369
SESSIONAL PAPER No. 8
TRAVELERS— Con^inwed
ASSETS — Concluded.
Interest accrued on bonds and debentures, $15,217 ; on mortgages on
real estate, $16,784.06 $ 32,001 06
Gross premiums due and uncollected on Canadian policies in force $ 37,558 29
Gross deferred premiums on same 20,883 86
rotal outstanding and deferred premiums. . . , $ 58,442 15
Deduct cost of collection at 20 per cent , ] 1,688 43
Net outstanding and deferred premiums , 46,753 72
Total assets in Cauada , | 1,733,064 19
LIABILITIES IN CANADA.
Under Policies issued pr'evious to March 31, 1878.
^Amount computed to cover the net reserve on all outstanding policies
in Canada (including $10,866 for annuities) $ 345,383 00
Total liabilities in respect of said policies in Canada. ... $ 345,383 00
Under Policies issued subsequent to March SI, 1878.
Amount computed to cover the net present value of all Canadian poli-
cies in force . $ 1,216,994 06
Reserve for life annuities 10,866 00
*Total reinsurance reserve . $ 1,227,860 00
Claims for death losses due and unpaid — proofs not filed 1,800 00
Claims for death losses resisted, in suit 6,946 50
Present value of amounts not yet due on matured instalment policies. . 120,605 00
Total net liabilities in respect of said policies in Canada. . $ 1,357,2 1 1 50
Total net liabilities to all policy-holders in Canada $ 1,702,594 50
INCOME IN CANADA.
Gross cash received for premiums (new, $43,381.45 ; renewal,
$201,412.14). . $ 244,793 59
Deduct premiums paid to other companies for reinsurance 7,773 86
Net cash received for premiums $ 237,019 73
Interest on bonds and debentures, kc 40,590 19
Interest on policy loans 5,31 1 94
Interest on mortgages on real estate 33,708 57
Total income in Canada $ 316,630 43
* Reserve at 4i per cent, Institute of Actuaries' H^^ Table for policies issued prior to Januai-y 1, i;)00,
and at 3^ per cent lor policies issued on and after that date.
8—24
370 DEPARTMENT OF FINaNCE^INISURANOE BRANCH
2-3 EDWARD VII., A. 1903
TRAVELERS— Conimwed
EXPENDITURE IN CANADA.
Cash paid for death losses in Canada $ 70,753 83
Payments on matured instalment policies 5, 191 33
Net amount paid for death claims in Canada $ 75,945 16
Cash paid for matured endowments in Canada 28,159 59
Total amount paid for death claims and matured endowments $ 104,104 75
Cash paid to annuitants 2,330 96
Amount paid for surrendered policies 10,035 57
Total net amount paid to policy-holders in Canada $ 116,471 28
Cash paid for commission, salaries and other expenses of officials in
Canada 33,651 39
Amount paid for licenses, taxes, &c 2,291 69
Miscellaneous expenses, viz. : — Medical fees, |2, 294 ; exchange, $226.99;
expenses, $65 . 88 2,586 87
Total expenditure in Canada $ 155,001 23
MISCELLANEOUS.
Number of new policies reported during the year as taken in Canada .324
Amount of said policies $ 1,086,252 00
Amount of said policies reinsured in othei; licensed companies in Canada 91,500 00
Number of policies become claims (including matured endowments and
matured instalment policies) in Canada during the year 68
Amount of said claims 138,755 00
Number of policies in force at date 3,159
Amount of said policies $7,106,380 00
Amount of said policies reinsured in other licensed companies in Canada 224,500 00
Total net amount in force at December 31^ 1902 6,881,880 00
Number of life annuities in force in Canada 8
Annual payments thereunder 2,330 96
EXHIBIT OF POLICIES (CANADIAN BUSINESS).
In force at beginning of year : —
No. Amount. No. Amount.
Whole life policies 1,813 $ 3,652,089 00
Endowments 905 2,070,729 00
Term and all other 29G 728,523 00
3,014 $ 6,457,341 00
New policies issued : —
Whole life 141 $ 604,597 00
Endowments 161 475,904 00
Term and all other 51 91,100 00
353 1,171,601 00
Old policies revived 6 8,400 00
M changed and increased 25 51,960 00
Total 3,398 $ 7,689,302 00
Deduct terminated 239 582,922 00
In force at end of year : —
Whole life. 1,852 S 3,909,005 00
Endowments 994 2,441,051 00
Term and all other 313 756,324 00
3,159 $ 7,106,380 00
LIFE INSURANCE COMPANIES 37I
SESSIONAL PAPER No. 8
TRAVELERS— Cori^inwed
DETAILS OF POLICIES WHICH HAVE CEASED TO BE IN FORCE.
No. Amount.
Terminated by death 47 $ 113,741 00
„ maturity 21 25,014 00
n expiry 6 7,597 00
„ surrender 28 62,764 00
M lapse 75 189,269 00
u change, decrease and transfer 24 64,188 00
Policies not taken 38 120,349 00
Total 239 % 582,922 00
DETAILS OF POLICIES REINSURED AT END OF YEAR.
Whole life - $ 37,000 00
Endowments 61,000 00
Term and all other 126,500 00
Total I 224,500 00
DETAILS OF POLICIES ISSUED PRIOR TO MARCH 3f, 1878.
No. Amount.
Policies in force at beginning of year in Canada 654 % 696,413 00
Policies terminated during the year 31 31,004 00
Policies in force at date of statement 623 665,409 00
General Business Statement for the Year ending December 31, 1902.
Life Department.
INCOME DURING THE YEAR 1902.
Total premium income | 3,942,832 72
Consideration for supplementary contracts not involving life con-
tingencies 207,316 00
Received from interest and from discount on claims paid in advance . . 1,232,843 69
M for rents 101,161 67
Profit on sale or maturity of ledger assets 113,952 91
Total income - $ 5,598,106 99
DISBURSEMENTS DURING THE YEAR 1902.
Amount paid for losses and matured endowments $ 1,668,316 59
,, to annuitants 17,484 97
Cash paid for surrendered policies 185.860 36
Surrender values applied to pay running premiums 615 90
Commission to agents 450,014 08
Commuted renewal commissions 1,600 00
Salaries and allowances for agencies 31,739 29
Agency supervision, travelling and all other agency expenses 30,228 83
Medical examiners' fees 40,666 81
Salaries of officers and offioe employees 67,003 97
Taxes, licenses and insurance department fees 84,892 25
Rent 17,901 28
All other expenditure 190,066 10
Total disbursements $ 2,786,390 43
8-24J
372 DEPARTMENT OF FINANCE-INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
T^AYmjEK^—Concluded.
LEDGER ASSETS.
Book value of real estate, unencumbered f 1,193,531 62
Mortgage loans on real estate, first liens 7,415,963 86
Loans secured by pledge of bonds, stocks or other collaterals 630,043 83
Loans to policy-holders on the company's policies assigned as collateral 1,989,475 00
Book value of bonds and stocks owned 15,776,345 81
Cash on hand and in banks 1,127,189 64
Agents' debit balances 7,900 31
Total net ledger assets $28,140,450 07
NON-LEDGER ASSETS.
Interest accrued , 246,694 14
Net amount of uncollected and deferred premiums 690,763 03
Market value of bonds and stocks over book value 589,915 43
Total assets as per books of the company • . . . $29,667,822 67
Deduct items not admitted , 7,900 31
Total admitted assets , $29,659,922 36
LIABILITIES.
Net reinsurance reserve (American Experience Table with ^h per cent
interest) ^ $26,543,890 00
Present valuQ of amounts not yet due on supplementary contracts not
involving life contingencies , 1,386,903 00
Total policy claims 106,757 01
Premiums paid in advance 34,730 11
Salaries, rents, &c., due and accrued 25.000 00
Reserve to protect security valuations 100,000 00
Cost of collection on uncollected and deferred premiums in excess of
the loading thereon 1 1,625 53
Total liabilities $28,208,905 65
Divisible surplus $ 451,016 71
EXHIBIT OF POLICIES.
Life.
Number of new policies issued during the year 7,091
Amount of said policies $15,637,995 00
Number of policies terminated during the year 3,592
Amount of said policies 8,693,413 00
Number of policies in force at December 31, 1902 49,928
Amount of said policies 123,160,821 00
LIFE INSURANCE COMPANIES 373
SESSIONAL PAPER No. 8
THE UNION LIFE ASSURANCE COMPANY.
Statement for the Year ending December 31, 1902.
Secretary — Harry Symons, K.C.
Principal Office — Toronto, Canada.
President and Chief Agent —
H. PoLLMAN Evans
(Incorporated, May 15, 1902, by an Act of the Parliament of Canada, 2 Edw. VII., cap.
109. Commenced business in Canada, July 15, 1902.)
CAPITAL.
Amount of joint stock capital authorized and subscribed for $ 1,000,000 00
Amount paid up in cash 100,000 00
(For List of Shareholders, see Appendix.)
ASSETS.
Amount of loans secured by bonds, stocks, or other marketable col-
laterals, viz : — On bonds of Port Hood Coal Co., par and market
value $7,000.00 I 5,600 00
Amount of loans made to policy-holders on the company's policies
assigned as collateral . , 80 69
Stocks and bonds owned by the company, viz. : —
Par value. Ledger value. Market value.
*City of Winnipeg bonds §f 25,000 00 % 25,000 00 ^ 25,000 00
* Town of Sault Ste. Marie hnrnds. . . . 20,000 00 20,000 00 20,000 00
* Town of Port Arthur bonds 6,000 00 6,369 80 6,360 80
* City of Nelson, B.C. , bonds 3,000 00 3,283 63 3,283 63
Quebec Railway Light and Power
Co. 's bonds...' 5,000 00 5,000 00 5,000 00
Totals $59,000 00 $ 59,653 43 $ 59,653 43
Carried out at ledger value 59,653 43
Cash at head office 487 7 1
Cash in banks, viz. : —
Union Bank of Canada, Toronto $ 26,108 95
M Montreal 100 00
La Banque Nationale, St. Hyacinthe 2.38 76
d'Hochelaga, Valleyfield 131 20
ti It Sherbrooke 241 36
Sorel 76 52
Merchants' Bank of Canada, Lachine 226 46
People's Bank of Halifax, Danville 40 78
27,164 03
In deposit with Receiver General.
374
DEPARTMENT OF FINANCE-INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
THE UNION lAFl^—Continued,
ASSETS — Continued.
Bills receivable
Agents' ledger balances (secured)
Cash with North American Life Assurance Co.
All other ledger assets, viz. : —
Cash value policy North American Life Assurance Co.
" " th(
Premiums paid thereon .
Total ledger assets
207 90
55 50
2,831 14
3,901 65
11,078 63
263 40
111,060 68
OTHER ASSETS.
Interest due % 326 58
n accrued P79 91
Office furniture and fixtures
Net outstanding and deferred premiums (new, »$106.78 ; renewal,
11033.82)
1,006 49
5,267 23
1,140 60
Total assets I 118,475 00
LIABILITIES.
^Amount computed to cover the net present value of all policies in force. $ 11,171 00
Due on account of general expenses 1,834 44
Total liabilities.
Surplus on policy-holders' account.
Capital stock paid up
INCOME.
Cash received for premiums
Received for interest or dividends
Premium on capital stock
Received for calls on capital ,
Total income during the year
EXPENDITURE.
Cash paid for death claims
Cash paid for surrendered policies ,
Total paid to policy-holders
Commissions, salaries and other expenses of officials
Taxes, licenses, fees or fines
All other expenditure, viz. : — Directors' fees, $70; advertising, .$1,333.36;
travelling, $507.21 ; head office rent, $420; head office telephone,
$78 . 75 ; organization, $607 . 28 ; furniture and fixtures, $5,267.23 ;
discounts, $371 . 75 ; sundry payments, $249 .61
13,005 44
105,469 56
100,000 00
I 13,129 43
1,640 56
70,000 00
$ 84,769 99
100,000 00
$ 184,769 99
2,000 56
34 80
2,035 36
61,944 58
824 18
^,905 19
Total expenditure . . $ 73,709 31
* Institute of Actuaries Hm., 3 p.
LIFE INSURANCE COMPANIES J76
SESSIONAL PAPER No. 8
THE UNION JAF^— Concluded.
SYNOPSIS OF LEDGER ACCOUNTS
Amount of cash income as above $ 184,769 99
Amount of expenditure as above 73,709 31
Balance, net ledger assets at December 31, 1902 $ 111,060 68
MISCELLANEOUS.
Number of new policies reported as taken during the year 7,984
Amount of said policies $ 1,167,997 68
Policies reinsured from North American Life Assurance Co ... . 5,806
Amount of said policies 863,495 51
Number of policies become claims during the year 35
Amount of said claims (net) 2,000 56
Number of policies in force at date 10,367
Amount of said policies 1,522,389 20
EXHIBIT OF POLICIES.
No. Amount.
Policies issued during the year, general 84 $ 81,400 00
industrial 7,900 1,086,597 68
Policies reinsured from North American Life 5,806 863,495 51
13,790 I 2,031,493 19
Policies become claims by death , 35 $ 5,025 00
" surrendered 10 1,800 00
" terminated by, lapse 3,378 502,278 99
Total terminated 3,423 $ 509,103 99
Policies in force at end of year : —
No. Amount.
Whole life 8,471 % 1,286,122
Endowments 1,896 236,267
10,367 % 1,522,389 20
376 DEPARTMENT OF FIN ANGE- INSURANCE BRANCH
2-3 EDWARD VII,, A. 1S03
4
THE UNION MUTUAL LIFE INSURANCE COMPANY.
Statement for the Year ending December 31, 1902.
President — Fred. E. Richards | Secretary — J. Frank Lang.
Principal Office — Portland, Maine.
Attorney and Chief Agent in Canada —
Henri E. Morin.
Head Office in Canada — Montreal.
(Incorporated, July 17, 1848; license issued in Canada, October 19, 1868.)
No Capital.
ASSETS IN CANADA.
Loans to Canadian policy-holders on the company's policies $ 3,226 65
Premium obligations on Canadian policies in force 3,365 00
Short date note for renewal premiums 5,004 40
Bonds deposited with the Receiver General, viz.: —
Par value. Market value.
Province of Ontario annuities $338,364 64 $337,145 48
Montreal Harbour 4 per cent bonds 30,000 00 31,800 00
Province of New Brunswick 4 per cent bonds 60,000 00 66,900 00
Province of Manitoba 4 per cent bonds 100,000 00 108,000 00
Town of Cote St. Antoine 4 per cent bonds 45,000 00 47,700 00
City of Vancouver Locallmprovement 4per cent bonds 68,900 00 70,950 75
City of St. Henri 4 per cent debentures 76,000 00 80,560 00
City of St. John, N.B., 4 per cent bonds 100.000 00 106,000 00
Canadian Northern Railway bonds 80,300 00 84,363 18
To J 1 par and market values . $ 898,564 64 $ 933,419 41
Carried out at market value 933,419 41
Cash in banks in Canada, viz.: —
Bank of Nova Scotia. Toronto $ 11,248 78
II Montreal, Montreal 1,505 97
Winnipeg 904 04
British North America, St. John, N.B 1, 109 67
Royal Bank of Canada, Charlottetown. P.E.I 123 84
Vancouver, B.C 1,264 90
Quebec Bank, Quebec 1,292 30
The Molsons Bank, Fraserville, Quebec . 468 46
Total cash in banks in Canada 17,917 96
Agents' ledger balances in Canada 68 73
Interest due $ 3137
accrued 4,918 82
Total carried out 4,950 19
+ Gross premiums due and uncollected on Canadian policies in force $ 16,968 12
* Gross deferred premiums on same 9,371 61
Total outstanding and deferred premiums $ 26,339 73
Deduct cost of collection at 2C per cent 5,267 94
Net outstanding and deferred premiums 21,071 79
Total assets in Canada I 989,024 13
t Of this amount $16,898,40 belong to policies issued since March 31, 1878.
* Of this amount $8,703.67 belong to policies issued since March 31, 1878.
LIFE INSURANCE COMPANIES 377
SESSIONAL PAPER No. 8
UNION MUTUAL JAY'S.— Coyttinued.
LIABILITIES IN CANADA.
(Voider Policies issued previous to March 31, 1878.)
Amount estimated to cover the net reserve on all outstanding policies in
Canada . ^225,100 00
Reserves for reversionary additions and premium reductions 7,200 00
* Net reinsurance reserve % 232,300 00
Claims for matured and discounted endowments, due and unpaid
(accrued previous to 1902) 166 21
Dividends or bonuses to Canadian policy-holders due and unpaid 30 16
Total net liabilities in respect of said policies in Canada . $ 232,496 37
(Under Policies issued subsequent to March 31, 1878.)
Amount estimated to cover the net reserve on all outstanding policies in
Canada $ 844,250 00
Reserves for reversionary additions and premium reductions 27,000 00
Total $ 871,250 00
Deduct reserve on policies reinsured in other licensed companies in Canada. 209 00
t Net reinsurance reserve $ 871,041 00
Present value of amounts not yet due on matured instalment policies. . 5,732 00
Claims for death losses, unadjusted but not resisted ^ 4,299 90
Claims for matured and discounted endowments, due and unpaid (accrued
prior to 1902, SI 56. 1:-)) , 1,324 37
Total claims for death losses and matured and discounted
endowments 5,624 27
Dividends or bonus 3S to Canadian policy-holders, due and unpaid 131 12
Total net liabilities in respect of said policies in Canada.. $ 882,528 39
Total liabilities in Canada ^ 1,115,024 76
I
INCOME IN CANADA.
Gross cash received for premiums during the year on life policies in
Canada..... ' $170,067 54
Premium obligations taken during the year in part payment of premiums
in Canada 35 00
Premiums paid by dividends 6,050 41
Loans on jiolicies 22,628 52
Total $198,78147
Deduct amount paid for premiums on policies reinsured to other licensed
companies in Canada 262 20
Total net premium income in Canada f 198,519 27
Interest or dividends on stock 36,482 56
All other income (interest on premium notes, discount on endowments,
kQ.) 727 37
Total income in Canada $ 235,729 20
* Based on American Experience Table, 4i per cent.
t I' II II a\ and 3| per cent.
378 DEPARTMENT OF FINANCE— INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
UNION MUTUAL JAY'S.— Continued.
EXPENDITURE IN CANADA.
Cash paid for death losses (of which $4,786.19 accrued previous to 1902). .$ 84,696 17
Payments on matured instalment policies . 676 91
Net amount paid for death claims $ 85,373 08
Cash paid for matured and discounted endowments (of which $119.38
accrued previous to 1902) - 44,264 45
Total amount paid for death claims and matured and discounted endow-
ments $ 129,637 53
Cash paid for surrendered policies 3,179 75
Cash dividends paid to Canadian policy-holders 99 15
Cash dividends applied in payment of premiums in Canada. : 6,050 41
Total paid to policy-holders in Canada $ 138,966 84
Commission, salaries and other expenses of officials in Canada 41,578 09
Taxes, licenses, fees or fines in Canada 2,855 78
Miscellaneous payments, viz. : — Rent, $1,295; advertising, $135; print-
ing, &c., $91.15; exchange, $656.64; medical fees, $3,663.50;
furniture and fixtures, $32 . 70 ; sundry expenses, $187 .82 6,061 81
Total expenditure in Canada $ 189,462 52
PREMIUM NOTE ACCOUNT.
Premium obligations on hand at commencement of year $ 3,438 00
Premium obligations received during the year 35 00
Total $ 3,473 00
Deductions during the year, viz. : —
Amount of obligations used in payment of dividends to policy -holders.-$ 108 00
Total deductions 108 00
Balance, note assets at end of year $ 3,365 00
MISCELLANEOUS.
Number of new policies reported during the year as taken in
Canada 675
Amount of said policies $ 897,000 00
Number of policies become claims in Canada during the year
(including matured and discounted endowments) 90
Amount of said claims. . . $ 130,991 35
Amount of said claims [reinsured ,in other licensed companies in Canada. Nil.
Net amount of claims 130,991 35
Number of policies in force in Canada at December 31, 1902. . . 4,312
Amount of paid policies .$ 6,318,8.S3 00
Bonus additions thereon 99,330 12
Total $ 6,418,163 12
Deduct amount reinsured in other licensed companies in Canada 15,000 00
Net amount in force at December 31, 1902 6,403,163 12
LIFE INSURANCE COMPANIES
SESSIONAL PAPER No. 8
UNION MUTUAL lAF^— Continued.
EXHIBIT OP POLICIES (CANADIAN BUSINESS).
In force at beginning of year : —
No.
Amount.
No.
Whole life iwlicies 2,603 $ 3,706,875 00
Endowments 1,056 1,654,712 00
Term and other 437 766,682 00
Bonus additions 104,860 40
379
Amount.
4,096 $ 6,233,129 40
New policies issued —
Whole life 555 S 735,227 00
Endowments 137 168,800 00
Term and all other. . 3 3,000 00
Bonus additions 10,834 87
Old policies revived .
Bonus additions
6 $
9,414 00
337 43
695
6
Total
Deduct terminated .
4,797
485
In force at end of year —
Whole life " 2,852 $ 4,008,289 00
Endowments 1,093 1,666,612 00
Term and all other 367 643,932 00
Bonus additions 99,330 12
4,312
917,861 87
9,751 43
7,160,742 70
742,579 58
6,418,163 12
DETAILS OP POLICIES WHICH HAVE CEASED TO BE IN PORCE.
No. Amount.
Terminated by death 42 $ 84,956 00
II maturity 48 41,117 85
M expiry 45 74,000 00
II surrender 22 28,357 00
11 lapse 260 358,664 00
II change and decrease 22,782 15
Policies not taken 68 116,000 00
Bonuses terminated 16,702 58
Total \ . . 485 $ 742,579 58
r
DETAILS OF POLICIES ISSUED PRIOR TO MARCH 31, 1878, AND BONUS ADDITIONS THEREON.
No. Amount.
Policies in force at beginning of year in Canada (including
bonus additions, ^11,379.29) 336 % 517,730 29
Bonuses added during the year 787 63
Policies terminated during the year (including bonus additions,
$327 .22) \ 20 34,169 22
Policies in force at date of statement (including bonus additions.
1,839.70) .... 316
484,348 70
380 DEPARTMENT OF FINANCE-INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
UNION MUTUAL lAYYu— Continued.
General Business Statement for the Year ending December 31, 1902.
INCOME.
Total premium income $ 1,848,279 48
Consideration for supplementary contracts not involving life contin-
gencies 7,090 80
Interest and dividends and discount on claims paid in advance 336,472 35
Cash received for rents 52,868 61
Total income I 2,244,711 24
DISBURSEMENTS.
Total amount paid for losses and matured and discounted endowments. | 808,443 71
Capital paid to annuitants 1,333 23
Premium and collateral loan notes voided by lapse.. . , . 24,766 25
Surrender values paid policy-holders 57,868 12
It applied in payment of running premiums 3,461 24
II It to purchase paid-up insurance and annuities. . 20,591 74
Cash dividends paid to policy-holders 8,238 96
Dividends applied to pay running premiums 23,711 47
It to purchase paid-up additions and annuities 28,201 59
Paid for claims on supplementary contracts not involving life contin-
gencies 3,589 56
Commission to agents 276,689 22
Salaries and allowances for agents , . 83,181 46
Agency supervision, travelling and all other agency expenses 28,566 51
Medical examiners' fees 33,945 50
Salaries of officers and office employees 70,317 55
Taxes, licenses and insurance department fees 49,108 42
Rent 26,892 67
Loss on sale or maturity of ledger assets 27,782 71
Commuting renewal commissions 2,294 66
General expenses 98,253 83
Total disbursements i 1,677,238 40
LEDGER ASSETS.
Book value of real estate, unencumbered $ 1,313,079 00
Mortgage loans (first liens) on real estate 1,122,904 68
Loans secured by pledge of bonds, stocks or other collateral 671,707 50
Cash loans on company's policies assigned as collateral : 63,187 38
Premium notes, loans or liens on policies in force 153,398 66
Book value of bonds and stocks owned 5,599,368 15
Cash on hand and in banks 43,475 35
Bills receivable 9,933 22
Agents' debit balance (net) 16,278 34
Cash in transit (since received) 436 85
Total net ledger assets I 8,993,769 13
LIFE INSURANCE COMPANIES 381
SESSIONAL PAPER No. 8
UNION MUTUAL JAY^- Continued.
NON-LEDGER ASSETS.
Interest due and accrued f 65 992 21
Rents accrued l'303 35
Market value of bonds and stocks over book value 371 170 47
Forborne premiums to be deducted in settlement of policy claims .... 385 28
Net amount of uncollected and deferred premiums. 201 907 23
Gross assets $ 9,634,527 67
Less items not admitted • 26,410 96
Total admitted assets % 9,608,116 71
LIABILITIES.
■^Net reinsurance reserve | 8,814,811 00
Present value of amounts not yet due on supplementary contracts not
involving life contingencies 26,973 00
Net policy claims 95,349 69
Premiums paid in advance 3,289 29
Unpaid dividends due to policy-holders. 5,101 94
Sundry ' 1,022 00
Total liabilities . % 8,946,546 92
Gross divisible surplus $ 687,980 75
EXHIBIT OP POLICIES.
Number of new policies taking effect during the year 5,369
Amount of said policies ."^ $ 7,086,139 00
Number of^policies terminated 4,555
Amount of said policies 6,808,577 41
Number of policies in force 36,678
Amount of said policies 54,118,625 b%
* Computed according to the Actuaries' Table of Mortality, with interest at 4 per cent for business
prior to Jan. 1, 1(:>01 ; and according to the American Experience Table with interest at 3 per cent for
business issued on or after Jan. 1, 1901.
DEPARTMENT OF FINANCE-INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
THE UNITED STATES LIFE INSURANCE COMPANY IN THE CITY OF
NEW YORK.
Statement for the Year ending December 31, 1902.
President — John P. Munn, M.D.
Secretary — A. Wheelwright.
Attorney and Chief Agent in Canada —
Lewis A. Stewart. | Head Office in Canada — Toronto, Ont.
(Incorporated, February, 1850. License issued in Canada, 8th August, 1873.)
Principal Office —
273-275-277 Broadway, New York City,
CAPITAL.
Amount of capital authorized, subscribed for and paid up in cash $ 440,000 00
ASSETS IN CANADA.
Amount of loans made to Canadian policy-holders on the company's
policies assigned as collateral and premium obligations on Cana-
dian policies in force ..... .... $ 13,146 14
Stocks and bonds in deposit with the Receiver-General : —
Par value. Market value.
Province of New Brunswick debentures $ 46,280 00 $ 46,240 40
City of Quebec 4 per cent coupon bonds 25,000 00 25,750 00
City of Winnipeg Water works bonds 40,000 00 38,000 00
City of Ottawa bonds 30,000 00 30,000 00
City of Montreal bonds 46,000 00 46,000 00
Province of Quebec inscribed stock 16,060 00 14,775 20
Canadian Northern R.R. 1st mortgage debenture bonds 50,126 66 51,630 46
Total par and market values $ 253,466 66 $ 252,396 06
Total value of stocks and bonds carried out at market value 252,396 06
Interest accrued on bonds and policy loans 394 38
Interest accrued on Canadian deposit 3,861 04
(^ross premiums due and uncollected on Canadian policies in force $ 6,359 17
Gross deferred premiums on same 1,915 12
Total outstanding and deferred premiums $ 8,274 29
Deduct cost of collection at 10 per cent ... 827 43
Net outstanding and deferred premiums 7,446 86
Total assets in Canada $ 277,244 48
LIFE INSURANCE COMPANIES 383
SESSIONAL PAPER No. 8
UNITED STATES lAYY.— Continued.
LIABILITIES IN CANADA.
"^Amount estimated to cover the net reserve on all outstanding policies
in Canada $ 238,143 00
Reserve for reversionary additions and premium reductions 1,834 00
Reserve for life annuities 240 00
Total net reinsurance reserve 8 240,217 00
Claims for death losses, unadjusted but not resisted 13,070 00
Rents accrued 75 00
Total liabilities in Canada $ 253,362 00
INCOME IN CANADA.
Amount of premiums received in cash during the year on life policies
in Canada (new, $12,291 . 13 ; renewal, $47,203 .89) 8 59,495 02
Premiums paid by dividends 264 00
Amount received for interest or dividends on stock, &c 4,229 30
Interest on policy loans 475 93
Total income in Canada during the year $ 64,464 25
EXPENDITURE IN CANADA.
Net amount paid for death claims in Canada (of which $11,000 accrued
in previous years) $ 37,500 00
Net amount paid for matured endowments in Canada 3,000 00
Cash paid to annuitants 20 00
Cash paid for surrendered policies 4,750 89
Cash dividends paid Canadian policy-holders, $1,568 ; applied in pay-
ment of premiums, $264 1,832 00
Total net amount paid to policy-holders in Canada $ 47,102 89
Cash paid for salaries, commissions and other expenses of officials in
Canada 14,073 19
Cash paid for licenses, taxes, fees or fines in Canada 1,056 17
All other expenditure, viz.: — Exchange, $144.55; rents, $725.04;
miscellaneous, $154 . 44 1,024 03
Total expenditure = $ 63,256 28
MISCELLANEOUS.
Number of new policies reported during the year as taken in Canada . 186
Amount of said policies •. $ 372,500 00
Number of policies become claims (including matured endowments) in
Canada during the year 26
Amount of said claims 42,570 00
Number of policies in force in Canada at date (excluding annuities). 1,033
Amount of said policies ^ 1,812,580 00
15onus additions thereon 2,435 00
Total net amount in force at date 1,815,015 00
Number of life annuities in force 1
Amount of annual payments thereunder 20 00
*Based on Institute of Actuaries' H . Table, with interest at 4^ i)er cent uix)n jwlicies issued prior to
policies issued on or after that date.
Jan. 1, 1900 ; and with interest at 3^ per cent uiwn
384 DEPARTMENT OF FINAAGE-INSUBANCE BRANCH
2-3 EDWARD VII., A. 1903
UNITED STATES JAFB—ConfAnued.
EXHIBIT OF POLICIES (CANADIAN BUSINESS).
In force at beginning of year —
No. Amount. No. Amount.
Whole-life policies (512 $ 917,570 00
Endowments 172 207, 650 00
Term and all other , 192 459,520 00
Bonus additions 2,435 00
976 I 1,647,175 00
New policies issued —
Whole-life x20 $ 190,000 00
Endowments 44 65,500 00
Term and all other 38 152,500 00
202 408,000 00
Old policies revived 10 $ 18,000 00
Old policies increased and transferred 30 44,910 00
— 40 62,910 00
1,218 $ 2,118,085 00
Deduct terminated 184 303,050 00
In force at end of year —
Whole-life 656 $ 990,130 00
Endowments 184 288,450 00
Term and all other 194 534,020 00
Bonus additions 2,435 00
1,034 $ 1,815,035 00
DETAILS OF TERMINATIONS.
No. Amount.
Terminated by death 23 | 39,570 00
maturity 3 3,000 00
expiry 28 53,500 00
surrender 22 24,620 00
lapse 78 122,660 00
Policies decreased and transferred 19 46,000 00
Policies not taken 11 13,700 00
184 I 303,050 00
General Business Statement for the Year ending December 31, 1902.
income during the year.
Total premium income $ 1,460,633 81
Consideration for supplementary contracts not involving life contingen-
cies 26,620 00
Received for interest and dividends 368,136 78
Received for rent 50,129 05
Profit on sale or maturity of ledger assets 46,701 95
Premium notes, loans or liens restored by revival of policies 2,649 48
Income from other sources 135 35
Total income $ 1,955,006 42
LIFE INSURANCE COMPANIES 385
SESSIONAL PAPER No. 8
UNITED STATES IA¥^— Continued.
DISBURSEMENTS DURING THE YEAR.
Total amount paid for losses and matured endowments $ 742,272 67
Cash paid to annuitants 19,775 78
Premium notes voided by lapse 21,743 40
Cash dividends paid policy-holders 66,445 73
Dividends applied by policy-holders to pay renewal premiums 456 03
Dividends applied by policy-holders to purchase paid up additions and
annuities 5,391 00
Surrender values paid in cash 185,425 32
Surrender values applied by policy-holders to pay running premiums. . . 100 71
Surrender values applied to purchase paid up insurance and annuities . 36,618 93
Paid for claims on supplementary contracts not involving life contin-
gencies * 2,083 33
Cash paid stockholders for interest 30,800 00
Cash paid for salaries and allowances for agencies 122,604 59
Cash paid for commission to agents 284,299 86
Medical examiners' fees 22,057 38
Salaries of officers and office employees 70,418 28
Taxes, licenses and fees 37,972 37
Rent.. 29,177 88
Advertising 17,455 33
Printing and stationery 7,419 45
Postage 7,343 78
Legal expenses 7,173 03
Loss on sale or maturity of ledger assets 2,969 67
General expenses 36,41 1 99
Total disbursements .• . $ 1,756,416 51
LEDGER ASSETS.
Book value of real estate, unencumbered ,$ 761,064 55
Mortgage loans (first liens) on real estate 3,826,711 70
Loans secured by pledge of bonds, stocks or other collaterals 434,345 58
Loans made in cash to policy-holders on the company's policies assigned
as collateral 558,132 58
Premium notes on policies in force 65,202 93
Book value of bonds and stocks owned 2,422,782 67
Cash on hand and in banks 66,765 52
Bills receivable . ; 1,950 00
Agents' balances secured 10,924 45
Total net ledger assets ^ 8,147,879 98
NON-LEDGER ASSETS.
Interest due and accrued 93,327 12
Market value of real estate over book value 38,335 45
Market value of stocks and bonds over book value 177,340 39
Net amount of uncollected and deferred premiums 177,749 33
Total assets $ 8,634,632 27
8—25
386 DEPARTMENT OF FINANCE— INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
UNITED STATES UYl^— Concluded.
LIABILITIES.
*Net reinsurance reserve $ 7,934,227 00
Present value of amounts not yet due on supplementary contracts not
involving life contingencies 26,620 00
Commissions due to agents on premium notes when paid 11,652 00
Total unsettled claims 47,714 62
Unpaid dividends or other profits due policy-holders 10,195 00
Premiums paid in advance 4,061 69
Liability on policies cancelled, upon which a surrender value may be
demanded 2,835 00
Other liabilities 2,177 53
Total liabilities , $ 8,039,482 84
Gross divisible surplus 8 155,149 43
EXHIBIT OP POLICIES.
Number of new policies issued during the year 4,035
Amount of said policies 810,993,924 00
Number of policies terminated during the year 3,323
Amount of said policies 7,546,457 00
Number of policies in force at date 20,747
Amount of said policies 45,673,713 00
^Computed accoi'ding to the Actuaries' and American Tables of Mortality, with 4 and 4^ per cent
interest to Dec. 31, 1900 and according to the American Experience Table of Mortality, with 3^ per cent
interest on policies issiied thereafter.
LIFE INSURANCE COMPANIES 387
SESSIONAL PAPER No. 8
SUBSIDIARY HIGH COURT OF THE ANCIENT ORDER OF FORESTERS.
Statement for the Year ending December 31, 1902.
President — Samuel H. Kent. | Secretary — William Williams.
Head Office — Toronto.
(Incorporated June 13, 1898, by 51 Vic, cap. 91 ; amended in 1901 by 1 Edward VIL,
cap. 101. Commenced business on "Fund B" October 1, 1898. Dominion
license issued February 12, 1900).
L
I. Statement of Accounts, &c., of Beneficiary Branch, " Fund B."
assets.
Amount secured by way of loans on real estate, by bond or mortgage,
first liens , % 5,500 00
Amount of loans to policy-holders on the company's policies assigned as
collateral 447 00
Huron & Erie Loan k Savings Company's stock, par value, $4,350 ;
market value, $8,047.50. Carried out at cost value 6,829 50
Debentures of Loan Companies, viz. : —
Par value.
Dominion Loan & Savings Company, Toronto $ 10,000 00
Huron & Erie Loan & Savings Co. , London 5,000 00
Royal Loan & Savings Co., Brantford . 5,000 00
Hamilton Provident & Loan 1,000 00
Landed & Banking Co., Hamilton 1,000 00
Total carried out at par and cost value 22,000 00
"Cash at head office 12 67
Oash in banks, &c., beneficiary fund : —
Imperial Bank, Toronto. $ 3,325 49
Huron & Erie Loan & Savings Co., London 771 35
Dominion Loan & Savings Co., Toronto 1,464 38
Total carried out b,56i 'I'l
Total net ledger assets , $ 40,350 39
OTHER assets.
Interest accrued 809 82
Books, chattels, ifcc 100 00
Net premiums in course of collection 1,868 17
Total assets $ 43,128 38
8-25J
888 DEPARTMENT OF FINANCE -INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
SUBSIDIARY HIGH COURT OF THE ANCIENT ORDER OF FORESTERS
— Continued,
LIABILITIES.
* Amount computed to cover the net present value of all policies in force $ 37,020 31
Claims for death losses unadjusted but not resisted 2,000 00
Premiums paid in advance 661 41
Total liabiHties 6 39,681 72
Surplus on policy-holders' account .$ 3,446 66
INCOME.
Cash received for premiums , $ 15,740 .90
Amount received for interest and dividends 1,685 67
Total income .$ 17,426 57
EXPENDITURE.
Cash paid for death losses . $ 12,242 00
Cash paid for surrendered policies , 566 06
' Total amount paid policy-holders ,$ 12,808 06
Cash paid for salaries, commissions and other expenses ... 2,058 79
Total expenditure , ., .$ 14,866 85
SUMMARY OF LEDGER ACCOUNTS.
Net ledger assets beginning of year $ 37,790 67
Income as above 17,426 57
Total ^ 55,217 24
Expenditure as above 14,866 85
Balance, net ledger assets, December 31, 1902 $ 40,350 39
MISCELLANEOUS.
Number of new policies reported as taken during the year 117
Amount of said policies -$ 1 10,581 00
Number of policies become claims during the year 13
Amount of said claims 10,017 00
Number of policies in force in Canada at date 848
Amount in force at December 31, 1902 757,790 00
EXHIBIT OF POLICIES.
No. Amount.
In force at beginning of year (whole life) 889 $ 750,378 00
New policies issued (whole life) ' 117 110,581 00
Old policy revived 1 1,000 00
Total 1,007 $ > 861,959 00
Deduct terminated 159 104,169 00
Policies in force December 31, 1902 (whole life) 848 $ 757,790 00
*Based on H^^ Table of Mortality, with interest at 4 p.c. foi policies issued previous to .January 1,
1000, and 3i p.c. for those issued after that date, with a provision for excessive mortality.
LIFE INSURANCE COMPANIES 389
SESSIONAL PAPER No. 8
SUBSIDIARY HIGH COURT OF THE ANCIENT ORDER OF FORESTERS
— Continued.
DETAILS OF TERMINATIONS.
No. Amount.
Terminated by death 13 | 10,017 00
„ surrender 31 4,069 00
n lapse 95 74,333 00
II change and decrease 3 3,250 00
Policies not taken 17 12,500 00
Total terminated ^ 159 $ 104,169 00
II. Statement of the Accounts of the Subsidiary High Court, A.O.F., other
THAN the Beneficiary Accounts.
income.
Receipts from members : —
Sick and funeral fees $ 15,384 74
Manageir.ent dues 8,963 05
Companions of the Forest dues . . . . 921 46
Juvenile Federation dues 188 05
Total from members I 25,457 30
Other receipts — Guarantee fund 435 72
Special levy 161 86
Interest 289 30
Total income $ 26,344 18
EXPENDITURE.
Funeral benefits . | 10,375 00
Extended sickness benefits 4,045 56
Supplies, 1110.54 ; official organ, $170.67 281 21
Loan to court 100 00
Sundry expenses, viz. : — Medical examinations, $359.25 ; salaries,
$2,278.80 ; general expenses, $3,036.30 ; expenses, Companions of
the Forest, $29.25 ; expenses. Juvenile Federation, $34.46 5,738 06
Total expenditure $ 20,539 83
assets of other branches.
Cash at head office $ 567 31
Cash on deposit (other funds) : —
Huron and Erie Loan and Savings Co. (Companions of the Forest).. .$ 2,540 94
Merchants Bank of Canada (Companions of the Forest) 1,281 85
Imi)erial Bank of Canada (Juvenile fund) 516 85
Imperial Bank of Canada (sick and funeral) 6,738 48 *
Total cash on deposit 11,078 12
Net assets — other branches $ 1 1,645 43
390 DEPARTMENT OF FINANGE-INSURANGE BRANCH
2-3 EDWARD VII., A. 190S
SUBSIDIARY HIGH COURT OF THE ANCIENT ORDER OF FORESTERS
— Continued.
Summary op Funds, High Court, A. O. F.
Beneficiary fund % 40,350 39
Sick and funeral fund '. 9,399 20
Companions of the Forest . . 4,022 20
Juvenile Federation 600 19
Guarantee fund 2,430 87
Special levy 579 77
Official organ 365 27
Total .$ 57,M9 89
Less overdraft, management fund, $5,409.97 ; and supplies, $414.10, . 5,824 07
Total assets $ 51,995 82
III. Summary of the Financial Statements of the Various Subordinate Courts,
Circles and Juvenile Branches of the A.O.F. in Canada.
INCOME, 1902.
Fees and dues (less levies paid to High Court) $ 77,071 27
Interest 3,970 31
Rent , 2,831 27
Sundry receipts (net) 516 08
Total income (net) $ 84,388 93
EXPENDITURE, 1902.
Paid for sickness benefits ' % 34,830 06
Funeral benefits 1 27 00
Medical attendance and examinations 15,792 95
Grants to courts and members 2,230 93
Total paid to members I 52,980 94
Paid for salaries, etc 8,454 90
Rent, light and fuel 7,504 35
Sundry other expenses 6,476 38
Total expenditure I 75,416 57
Excess of income over expenditure % 8,972 36
ASSETS, DECEMBER 31, 1902.
Real estate $ 32,457 05
Mortgages ' ' 19,539 52
Bonds and debentures 1 1,525 06
Stock and goods 82 72
Shares in Hall Co 126 75
Sundry securities 4,791 05
Cash in treasurers' hands 1 2,91 7 94
Cash in banks 76,047 25
Chattels and court property 15,060 95
Dues unpaid 10,1 21 24
Dominion stock 2,000 00
Total assets in Canada $ 184,669 53
f
LIFE INSURANCE COMPANIES 391
SESSIONAL PAPER No". 8
SUBSIDIARY HIGH COURT OF THE ANCIENT ORDER OF FORESTERS
-^Concluded.
LIABILITIES, DECEMBER 31, 1902.
Due on mortgage loans. $ 6,345 00
Fees paid in advance 1,207 76
Other liabilities 9,494 75
Total liabilities (excluding reserves) $ 17,047 51
MEMBERSHIP, DECEMBER 31, 1902.
Courts 11,592
Companions of Forest 1,389
Juvenile members 1,953
Total 14,934
Note. — A number of courts and branches had not made returns up to May 30, 1903.
2-3 EDWARD VII. SESSIONAL PAPER No. 8
A. 1903
STATEMENTS
OP
ACCIDENT, GUARANTEE, PLATE GLASS
STEAM BOILER,
iTPr^ ^IPKpoo ai
INSURAN^OE COMPANIES.
393
2-3 EDWARD VII. SESSIONAL PAPER No. 8 ^ A. 1903
T.IST OF COMFANIES.
BY WHICH THE BUSINESS OF ACCIDENT, GUARANTEE, PLATE
GLASS, STEAM BOILER AND OTHER INSURANCE WAS TRANS-
ACTED IN THE DOMINION, DURING THE YEAR ENDING DECEM-
BER, 31, 1902.
ACCIDENT.
The Accident and Guarantee Company of Canada.
The Canada Accident Assurance Company.
The Canadian Railway Accident Insurance Company.
The Dominion of Canada Guarantee and Accident Insurance Company.
The Employers' Liabihty Assurance Corporation (Limited).
The London Guarantee and Accident Company (Limited).
The Ocean Accident and Guarantee Corporation (Limited).
The Ontario Accident Insurance Company.
The Railway Passengers' Assurance Company.
The Sun Life Assurance Company of Canada.
The Travelers Insurance Company.
GUARANTEE.
The American Surety Company of New York.
The Dominion of Canada Guarantee and Accident Insurance Company.
The Employers' Liability Assurance Corporation (Limited).
The Guarantee Company of North America.
The London Guarantee and Accident Company (Limited).
The Railway Passengers' Assurance Company.
PLATE GLASS INSURANCE.
The Canada Accident Assurance Company.
The Dominion Plate Glass Insurance Company.
The Lloyds Plate Glass Insurance Company.
The New York Plate Glass Insurance Company.
STEAM BOILER INSURANCE.
The Boiler Inspection and Insurance Company of Canada (formerly the Canadian Steam
Users' Insurance Association).
BURGLARY GUARANTEE.
The Dominion Burglary Guarantee Company (Limited).
395
396 DEPARTMENT OF FINANCE-INSURANCE BRANCH
^ 2-3 EDWARD VII., A. 1903
SICKNESS INSURANCE.
Tlie Accident and Guarantee Company of Canada.
The Canada Accident Assurance Company.
The Canadian Railway Accident Insurance Company.
The Dominion of Canada Guarantee and Accident Insurance Company.
The Employers' Liability Assurance Corporation (Limited). '
The London Guarantee and Accident Company (Limited).
The Ocean Accident and Guarantee Corporation (Limited).
The Ontario Accident Insurance Company.
The Railway Passengers' Assurance Company.
The Subsidiary High Court of the Ancient Order of Foresters.
The Supreme Court of the Independent Order of Foresters.
INLAND TRANSIT INSURANCE.
The British and Foreign Marine Insurance Company.
The Marine Insurance Company (Limited).
The Ocean Marine Insurance Company, (Limited).
2-3 EDWARD VII. SESSIONAL PAPER No. 8 A. 1903
THE ACCIDENT AND GUARANTEE COMPANY OF CANADA.
Statement for the Year ending December 31, 1902.
President — F. E. Nelson.
Chief Age7it and Secretary —
G. I. Goddard.
Principal Office — Montreal.
(Incorporated, July 7, 1900, by Act of Parliament of Canada, 63-64 Vic, cap. 87
Commenced business in Canada, May 15, 1902.)
CAPITAL.
Amount of joint stock capital authorized | 1,000,000 00
Amount subscribed for 233,700 00
Amount paid up in cash , . 43,870 00
(For List of Shareholders, see Appendix.)
ASSETS.
Stocks and bonds deposited with the Receiver General, viz. : —
Par value.
Market Value in
value. account.
City of Vancouver bonds $ 15,000 00 $ 15,000 00 S 13,875 00
Province of Quebec 3 per cent stock. . . 24,333 33 22,630 00 21,869 58
Total par, market and account values $ 39,333 3^5 $ 37,630 00 $ 35,744 58
Carried out at value in account $ 35,744 -58
Cash at head office 269 14
Cash in banks 8,656 54
Accounts receivable 2,278 80
Total ledger assets . . .$. 46,949 06
OTHER ASSETS.
Market value of stocks and bonds over value in account 1,885 42
Interest accrued 357 50
Gross premiums due and uncollected on policies in force, viz. : —
Accident $ m 42
Sickness _ 377 23
Combined accident and sickness 721 00
i$ 1,570 65
Deduct commission 313 05
Net outstanding premiums, carried out . 1,257 60
Total assets $ 50,449 58
397
398 DEPARTMENT OF FINANCE— INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
THE ACCIDENT AND GUARANTEE— CWi5mHfic/.
LIABILITIES.
Amount of unsettled claims against the company Nil.
Reserve of unearned premium for all outstanding risks, viz. : —
Accident ^ 1,397 45
Sickness 486 00
Combined accident and sickness 1,.357 13
$ 3,240 58
Total liabilities (excluding capital stock) $ 3,240 58
INCOME.
For Accident Bisks —
(iross cash received for premiums $ 2,587 98
Deduct reinsurance, rebate, abatement and return premiums 205 50
Net cash received for accident premiums § 2,322 48
For Sickness Bisks —
Gross and net cash received for sickness premiums $ .594 77
For Combined Accident and Sickness Bisks —
Gross cash received for premiums $ 2,037 25
Deduct reinsurance, rebate, abatement and return premiums 44 00
Net cash received for combined accident and sickness premiums. $ 1,993 25
Total net cash received for premiums $ 4,910 50
Received for interest and dividends 507 86
Received as premium on capital stock 10,992 50
Total I 16,410 86
Received for calls on capital 43,870 00
Total income $ 60,280 86
EXPENDITURE.
For Accident Bisks —
Gross and net amount paid during the year for said claims. ... $ 40G 20
For Sickness Bisks —
Gross and net amount paid during the year for said claims $ 87 85
Total net amount paid during the year for all claims $ 494 05
Commission or brokerage 897 65
Salaries, fees and all other charges of officials 3,168 30
Taxes : 375 82
Miscellaneous payments, viz. : —
Expense, $647.34; advertising, $371.76; furniture, $322.61;
insurance, $2.10; supplies, $1,372 . 72 ; rent, $262 . 50 ; char-
ter and organization, $5,416 . 95 8,395 98
Total expenditure $ 13,331 80
ACCIDENT, GUARANTEE, ETC., INSURANCE COMPANIES 399
SESSIONAL PAPER No. 8
THE ACCIDENT AND QVARK^T^^— Concluded.
CASH ACCOUNT.
1902. Dr.
Dec. 31. — To income as above |; 60 280 86
1902. 6V.
Dec. 31. — By expenditure as above % 13,331 80
11 investments 35,744 58
II advances and open accounts , 2,278 80
II balance in hand and in banks at this date 8,925 68
$ 60,280 86
Accident Risks.
MISCELLANEOUS.
No. Amount
Policies taken during the year — new
Deduct terminated ... 11
204 $ 417,000 00 ^ 2,455 .50
26,500 00
142 50
Gross in force at end of year 193 $390,500 00 .f 2,313 00
Deduct reinsured 43,500 00 130 75
Net in force at Dec. 31, 1902
Sickness Risks. ,
Policies taken during the year — new 165
Deduct terminated 10
Net in force at end of year 155
Covihincd Risks. No .
. 193 $ 347,000 00 $ 2,182 25
No.
Premiums
thereon.
1,062 00
82 00
980 00
Amount .
Premiums
thereon.
Policies taken during the year— new 1,761 $ 1,512,500 00 % 2,871 00
Deduct terminated 18 19,500 00 65 25
Gross in force at end of year 1,743 $ 1,493,000 00 $ 2,805 75
Deduct reinsured 57,500 00 178 75
Net in force at December 31, 1002..
. .. 1,743 S 1,435,500 00 S 2,627 00
Total number of policies in force at date 2,091
Total net amount in force I 1,782,500 00
Total premiums thereon 5,789 25
400 DEPARTMENT OF FINANCE- -INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
THE AMERICAN SURETY COMPANY OF NEW YORK.
Statement for the Year ending December 31, 1902.
President — H. D.Lyman. | Secretary — H. B. Zevely.
Principal Office — 100 Broadway, New York.
Chief A (lent in Ca^iada — I it ^ /^jr - n ^ rr i
' '^ . -rv Head Office m Lanada — loronto.
Alexander Dixon. | -^
(Incorporated, April 14, 1884. Commenced business in Canada, July, 1887.)
capital.
Amount of joint stock capital authorized, subscribed for and paid up in
cash - . '. $ 2,500,000 00
assets in CANADA.
Bonds in deposit with the Receiver General : —
Par Value. Book Value. Market Value.
U. S. 4 per cent registered bonds $ 50,000 00 $ 61,000 00 $ ,54,625 00
Other bonds owned by the Company : —
Province of New Brunswick 3 per cent
bonds 10,000 00 9,700 00 9,700 00
Total par, book and market values. $ 00,000 00 $ 70,700 00 S 64,325 00
Carried out at market value .$ 64,325 00
Cash at head office 1 15 00
Cash in banks, viz.: —
Imperial Bank of Canada, Toronto .$ 150 00
Canadian Bank of Commerce, Toronto 565 28
Hochelaf,'a Bank, Montreal . 200 00
Molsons Bank, Montreal 20,000 00
Total cash in banks 20,915 28
Total , ... .f 85,355 28
other assets.
Interest due 650 00
Gross premiums due and uncollected on Canadian policies in force
(guarantee) 2,105 60
Total assets in Canada $ 88,1 10 88
LIABILITIES IN CANADA.
Total net amount of unsettled claims for guarantee losses in Canada. . . $ > 371 74
Reserve of unearned premiums for all outstanding risks in Canada. . . . 5,966 79
Tgtal liabilities in Canada $ 6,338 53
ACCIDENT, GUARANTEE, ETC., INSURANCE COMPANIES 401
SESSIONAL PAPER No. 8
AMERICAN SURETY COU^A^Y —Continued.
INCOME IN CANADA.
Gross cash received for premiums $ 12,820 98
Deduct reinsurance, rebate, abatement and return premiiuns .... 1,845 71
Net cash received for premiums | 10,975 27
Received for interest and dividends , • 2,104 11
Total income in Canada $ 13,079 38
EXPENDITURE IN CANADA.
Net amount paid during the year for claims occurring in previous years
(which claims were estimated in the last statement at $500) $ 8 15
Amount paid for losses occurring during the year $ 695 22
Deduct salvages 43 10
Net amount paid for said losses 652 12
Total net amount paid for guarantee losses $ 660 27
Commission and brokerage 1,419 38
Salaries, fees and all other charges of officials in Canada 1,366 00
Taxes in Canada 788 42
Miscellaneous payments, viz.: —
Printing and stationery, $26.92 ; duty and express, $11.75 ; postage
and telegrams, $101.45; rent, $261 ; sundries, $187.01 588 13
Total expenditure in Canada $ 4,822 20
RISKS AND PREMIUMS.
No. Amount. Premiums.
Gross policies in force at date of last statement. . 1,249 $ 2,150,425 $ 8,680 02
Taken during the year— new and renewed . . 1,062 3,076,908 13,851 83
Total 2,311 S 5,227,333 $ 22,53185
Deduct terminated 1 ,370 2,588, 113 10,598 27
Gross and net in force at Dec. 31, 1902. . 941 $ 2,639,220 $ 11,9.33 58
Total number of policies in force in Canada at date. 941
Tot«il net amount in force ; . $ 2,639,220 00
Total premiums thereon 1 1,933 58
General Business Statement for the Year ending December 31, 1902.
LEDGER assets.
Book value of real estate (unencumbered) $ 3,013,217 16
Mortgage loans on real estate, first liens 2,500 00
Loans secured by pledge of bonds, stocks or other collaterals 128,154 62
Book value of stocks and bonds owned 1,620,269 10
Cash on hand and in bank 456,624 10
Total $ 5,220,764 98
Deduct ledger liabilities 25,429 82
Total net ledger assets | 5,195,335 16
8—26
402 DEPARTMENT OF FINANCE— INSURANCE BRANCH
2-3 EDWARD VII., A. 1909
AMERICAN SURETY OOUVK-^Y ^Concluded.
NON-LEDGER ASSETS.
Interest due $ 5,748 75
Rents due and accrued ; 16,429 10
Market value of bonds and stocks over book value 169,428 53
•Gross premiums in course of collection 136,786 40
Total assets $ 5,523,727 94
LIABILITIES.
Total amount of unpaid fidelity and surety losses . $ 356,562 39
Total unearned premiums 667,651 27
Total liabilities, except paid-up capital $ 1,024,213 66
'Capital stock paid up $ 2,500,000 00
.Surplus beyond capital and other liabilities 1,999,514 28
INCOME DURING THE YEAR.
Net cash received for premiums $ 1,093,606 69
Received for interest and dividends , 71,519 62
Received for rents 245,372 13
Total income I 1,410,498 44
EXPENDITURE DURING THE YKAR.
Net amount paid for fidelity and surety losses | 265,529 75
Dividends paid stockholders 200,000 00
Commission or brokerage 58,338 30
Salaries, travelling and all expenses of agents and agencies not on com-
mission account 221,253 04
Cost of adjustment, legal expenses and settlement of claims 14,537 28
Salaries, fees and other charges of officers and employees 195,922 64
Inspections 2,7^4 53
Taxes, licenses and insurance department fees 98,544 77
Hent 30,000 00
Losses on ledger assets sold or matured 7,436 09
Interest 1,959 90
All other expenditure 156,464 44
Total expenditure $ 1,252,770 74
RISKS AND PREMIUMS.
For Fidelity Risks. For Surety Risks.
Amount of risks written or renewed during the year.$l 66,845,499 00 $223,149,106 00
Premiums thereon 696,003 87 686,472 43
Amount of risks expired and terminated 149,464,844 00 216,320,928 00
Premiums thereon 608,445 77 630,477 95
Net amount in force at end of year 134,509,073 00 210,312,065 00
Premiums thereon 596,224 52 721,107 49
ACCIDENT, GUARANTEE, ETC., INSURANCE COMPANIES 403
SESSIONAL PAPER No. 8
THE BOILER INSPECTION AND INSURANCE COMPANY OF CANADA.
Statement for the Year ending December 31, 1902.
President — John L. Blaikie.
Agent — W. B. McMurrich, K.C.
Secretary — H. N. Roberts.
Principal Office — Toronto.
(Incorporated April 8, 1875, by 38 Vic, cap. 95 ; amended in 1882 by 45 Vic, cap.
102, and in 1889, by 52 Vic, cap. 97, and in 1892, by 55-56 Vic, cap. 68.
Commenced business in Canada, October 9, 1875.)
CAPITAL.
Amount of joint stock capital authorized $ 500,000 00
Amount subscribed for : 100, 100 00
Amount paid up in cash - 75,075 00
(For List of Shareholders, see Appendix.)
ASSETS.
Amount secured by way of loans on real estate, by bond or mortgage,
first liens $ 10,200 00
Amount of loans secured by bonds, stock or other marketable colla-
terals, viz.:— 10,500 00
Stock and bonds owned by the company, viz. : —
Par value. Market value.
Town of Gananoque debentures. . . . S 10,000 00 $ 10,000 00
City of London, Ont., debentures 4,000 00 4,000 00
Canada Landed and National Investment Co.'s debentures 8,000 00 8,000 00
Town of Tilsonburg debentures 2,000 00 2,100 00
City of Guelph debentures 1,500 00 1,509 00
Town of Deseronto debentures 5,572 00 5,653 00
Township of Leeds and Lansdowne debentures 5,000 00 5,036 00
,t Rear of Yonge and Escott debentures 5,000 00 5,043 00
Elizabethtown debentures 7,000 00 7,113 00
Town of Simcoe debentures 7,000 00 7,165 00
$ 55,072 00 $ 55,619 00
(The above are on deposit with the Receiver General.)
Land Security Co.'s debentures 4,050 00 4,050 00
Consumers Gas Go's, stock 4,650 00 9,999 87
City of London debentures 2,000 00 2,000 00
Canada Permanent and Westren Canada Mortgage Cor-
poration stock ... 6,280 00 7,713 70
Canada Landed and N. I. Go's debentures 5,000 00 5,000 00
Toronto General Trusts Co. 's stock 5,000 00 7,362 50
% 82,052 00 $ 91,745 07
Carried out at market value 91,745 07
Cash at head office 160 41
8-26J
404 DEPARTMENT OF FINANGE-INSUBANGE BRANCH
2-3 EDWARD VII., A. 1903
BOILER INSPECTION AND INSURANCE— CW<wi^-?d
ASSETS — Concluded.
Cash in banks, viz. : —
Bank of Nova Scotia % 7,127 48
Canadian Bank of Commerce 4,545 75
Home Savings and Loan Co 641 52
Canadian Bank of Commerce, Savings Dept 2,489 99
Bank of Ottawa 16 14
Savings Dept 1,720 09
Total cash in banks .$
Interest due and accrued on debentures, &c
Office furniture and inspectoi 's appliances
Special service accounts in course of collection
Agents' balances
Net amount of outstanding premiums ,
16,540
97
1,803
32
900
00
210
85
3,517
03
4,431
50
Total assets .$ 140,009 15
LIABILITIES.
Reserve of unearned premiums on all outstanding risks in Canada .... .$ 47,611 00
Due for sundry small accounts for printing, advertising, &c., about. ... 6 00
Dividends declared but not yet due 3,753 75
Total liabilities (excluding capital stock) $ 51,370 75
INCOME.
Gross cash received for premiums $ 38,576 32
Deduct reinsurance, rebate, abatement and return premiums '2,312 37
Net cash received for premiums ^ 36,263 95
Received for interest and dividends 6,058 20
Income from special service department. 617 37
Total % 42,939 52
EXPENDITURE.
Total amount paid during the year for losses % 2,886 20
Amount of dividends paid during the year 7,507 50
Commission or brokerage 3,190 41
Salaries, fees and all other charges of officials 21,500 22
Taxes 922 10
Miscellaneous payments : —
General expenses, including rent, stationery, printing, postage,
agency expenses, &c., $1,644.40 ; travelling expenses, |4,465.48;
advertising, $755 ; expenses, Montreal office, |235 . 67 ; written
off office furniture, &c., $169 . 04 ; local inspections, $6 ; accident
insurance, $270 ; sundries, $114 ; electrical maintenance expense
account, $160.22 , 7,819 81
Total expenditure $ 43,826 24
ACCIDENT, GUARANTEE, ETC., INSURANCE COMPANIES
SESSIONAL PAPER No. 8
BOILER INSPECTION AND l^^VRK^Q^— Concluded.
CASH ACCOUNT.
1901. Dr.
Dec. 31 — To balance on hand and in banks at this date
1902.
Dec. 31 — To income as above
Received from realization of investments
1902. Cr.
Dec. 31 — By expenditure during the year as above
By investments
Balance in hand and in banks this date
405
$ 10,941 32
42,939 52
20,960 48
74,841 32
43,826 24
14,313 70
16,701 38
I 74,841 32
RISKS AND PREMIUMS.
No. of
Boilers.
No. of
risks.
Amount.
Premiums.
Policies in force at date of last statement ,
2,952
450
1,012
1,301
196
520
5,021,775
816,250
1,550,225
$ cts.
85,051 71
15,168 88
23,654 67
Taken during the year — new
Taken during the year— renewed ! . .
Total :
Deduct terminated
4,414
1,378
3,036
' 2,017
665
7,388,250
2,030,975
123,875 26
29,725 72
Gross and net in force at December 31, 1902
1,352
5,357,275
94,149 54
Total number of policies in force at date 1,352
Total net amount in force I 5,357,275 00
Total premiums thereon 94,149 54
406 DEPARTMENT OF FINANCE-INSURANCE BRANCH
2-3 EDWARD VI L A. 1908
THE BRITISH AND FOREIGN MARINE INSURANCE COMPANY
(LIMITED).
Statement for the Year ending December 31, 1902.
Chairman — Richard Hobson.
Principal Office — Liverpool, Eng.
Secretary — Arthur McNeill.
Head Office in Canada — Montreal.
Chief Agents in Canada — Bond, Dale & Co.
(Organized, 1863 ; incorporated, August 5, 1867. Commenced business in Canada,
May 16, 1888.)
CAPITAL.
Amount of joint stock capital authorized and subscribed.^ 1,340,000= $ 6,521,333 33
" paid up in cash 268,000= 1,304,266 67
ASSETS IN CANADA.
Stocks and bonds in deposit with the Receiver General, viz : —
Par value.
City of Montreal 4 per cent debentures , $ 112,000 00
» M „ stock ■. . ..... 5,000 00
Carried out at par valve I 1 17,000 00
Cash at head office in Canada 1,134 74
Total assests in Canada $ 1 18,134 74
LIABILITIES IN CANADA.
Net amount of unpaid losses Nil.
INCOME IN CANADA.
For Inland Marine Risks.
Net cash received for premiums $ 8,154 30
For Inland Transit Risks.
Net cash received during the year for premiums $ 8,977 94
Total net cash received for premiums I 17,132 24
Received for interest on bonds in Canada 4,680 00
Total income in Canada I 21,812 24
ACCIDENT, GUARANTEE, ETC, INSURANCE COMPANIES 407
SESSIONAL PAPER No. 8
BRITISH AND FOREIGN MARINE— Con^mt^crf.
EXPENDITURE IN CANADA.
For Inland Marine Risks.
Net amount paid said losses $ 2,397 64
For Inland Transit Risks.
Amount paid during the year for losses occurring in previous years (which
losses were estimated in last statement at $1,150) $ 1,150 00
Paid for losses occurring during the year Nil.
Net amount paid for said losses $ 1,150 00
Total net amount paid during the year for losses in Canada $ 3,547 64
Paid for commission or brokerage 1,123 51
Paid for taxes 314 07
Total expenditure in Canada $ 4,985 22
RISKS AND PREMIUMS.
Inland Marine Risks in Canada. No. Amount, ^^^^'^"tis
Policies taken during the year 4$ 3,256,712 $8,154 30
Deduct terminated 4 j 3,256,712 $8,154 30
• Inland Transit Risks in Canada.
Policies taken during the year 2,075 $ 46,971,894 $ 8,977 94
Deduct termmated 2,075 $ 46,971,894 $ 8,977 94
408
J)EPARTMENT OF FINANCE— INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
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ACCIDENT, GUARANTEE, ETC., INSURANCE COMPANIES 409
SESSIONAL PAPER No. 8
THE CANADA ACCIDENT ASSURANCE COMPANY.
Statement for the Year ending December 31, 1902.
President — R. Wilson Smith. | Secretary artd Chief Agent — T. H. Hudson.
Head Office — Montreal.
(Incorporated June 23, 1887, by 50-51 Vic, cap. 106 ; amended in 1899 by 62-63
Vic, cap. 98. Commenced business in Canada, September 10, 1888.
capital.
Amount of capital authorized % 500,000 00
„ subscribed for 108,300 00
(f paid up in cash 43,320 00
(For List of Shareholders, see Appendix.)
ledger assets.
Bonds and debentures in deposit with Receiver General, viz.: —
Town of Whitby debentures
City of St. Catharines n
Town of St. Louis >i
Province of New Brunswick, 4 p.c. bonds ..... .
M If 3 p.c. bonds ..
It Quebec, 5 p.c. bonds
Par value. ]
Market value.
$ 302 02
$
302 02
12,000 00
12,540 00
10,000 00
10,200 00
5,000 00
5,337 50
9,733 33
9,246 67
1,000 00
1,080 00
Total par and market values -S .S8,0.35 35 $ 38,706 19
Carried out at market value $ 38,706 19
Stocks and bonds held by Company, viz.: —
Dominion of Canada inscribed stock $ 37,960 00 $ 3S, 719 20
City of St. Henri debentures 8,000 00 9,038 40
Canadian Northern Railway Co.'s bonds 12,166 66 12,531 66
$ 58,126 66 $ 60,289 26
Carried out at market value 60,289 26
Cash on hand at head office 2,281 76
Cash in Canadian Bank of Commerce 8,212 49
Bills receivable 6 95
Plate Glass Trust deposit 100 00
Total : $ 109,596 65
OTHER assets.
Office furniture = 500 00
Interest accrued 301 35
Gross premiums due and uncollected on policies in force, viz.: —
Accident $ 1,442 65
Plate Glass 851 94
Sickness 209 40
Total $ 2,503 99
Less commission, 25 i)er cent ... 625 99
Net amount of outstanding premiums 1,878 00
Total assets $ 112,276 00
k
410
DEPARTMENT OF FINANCE— INSURANCE BRANCH
2-8 EDWARD VIU A. 1008
CANADA ACCIDENT— Continued
LIABILITIES.
For Accident Losses.
Amount of losses claimed but not adjusted
Amount of losses known or reported, proof not filed.
Total.
Deduct reinsurance , .
.$ 140 00
828 75
% 968 75
108 00
Total net amount of unsettled claims for accident losses . I
860 75
For Plate Glass Losses.
Net amount of losses claimed, but not adjusted
Net amount of losses known or reported, proof not filed
$ 339 00
442 00
Total net amount of unsettled claims for plate glass losses
781 00
For Sickness Losses.
Net amount of losses known or reported, proof not filed . . S 76 43
Total net amount of unsettled claims for sickness losses .
Total net amount of unpaid claims
Reserve of unearned premiums for all outstanding accident risks . .
II II II plate glass risks
II M II sickness risks .. .
Due and accrued for reinsurance
Agents' balances
INCOME.
Accident Risks-
Grross cash received for premiums $ 27,317 49
Deduct reinsurance, rebate, abatement and return premiums 3,479 04
Net cash received for said premiums $ 23,838 45
Sickness Risks —
Gross cash received for preniiums : . . .
Deduct reinsurance, rebate, abatement and return premiums
$ 3,604 90
33 81
Net cash received for said premiums $ 3,571 09
76 43
1,718 18
11,681 11
16,702 39
1,812 05
399 00
259 97
Total liabilities (excluding capital stock) $ 32,572 70
Plate Glass Risks —
Gross cash received for premiums. $ 16,211 03
Deduct reinsurance, rebate, &c 771 48
Net cash received for said premiums S 15,439 55
Total net cash received for premiums.
Received for interest and dividends . .
Total income
42,849 09
3,477 67
46,326 76
ACCIDENT, GUARANTEE, ETC., INSURANCE COMPANIES 411
SESSIONAL PAPER No. 8
CANADA ACCIDENT— Con^mwerf.
EXPENDITURE.
Accident Risks —
Amount paid during the year for claims occiirring in previous years
(which claims were estimated in the last statement at $2,569.54).. $ 1,216 58
Amount paid for claims occurring during the year $ 3,809 47
Deduct reinsurances 459 96
Net amount paid during the year for said claims $ 3,349 51
Total net amount paid during the year for accident claims $ 4,566 09
Sickness Risks —
Amount paid during the year for claims occurring in previous years
(which claims were estimated in the last statement at $152.50).. . . $ 119 64
Amount paid for claims occurring during the year 175 42
Total net amount paid during the year for sickness claims $ 295 06
Plate Glass Risks —
Amount paid during the year for claims occurring in previous years
(which claims were escimated in the last statement at $487.80). . . $ 477 37
Amount paid for claims occurring during the year 4,313 25
Total net amount paid during the year for plate glass claims . $ 4,790 62
Total net amount paid during the year for accident, sick-
ness and plate glass claims $ 9,651 77
Amount of dividends paid during the year 3,247 04
Paid or allowed for commission or brokerage 11,034 50
Salaries, fees and all other charges of officials 5,856 15
Paid for taxes . . . 1,038 49
Miscellaneous payments, viz : — Printing and stationery, $550.03 ; ad-
vertising, 1207.00; elevator inspection, |48.50; rent, 1350.00;
postage and exchange, $406.63 ; general expenses, $568.06 ; office
furniture, $11.70 : 2,141 92
Total expenditure $ 32,969 87
CASH ACCOUNT.
1901 Dr.
Dec. 31. To balance on hand and in banks $ 18,796 54
1902.
Dec. 31. To income as above 46,326 76
To received from other sources 218 61
$ 65,341 91
1902. Cr,
Dec. 31. By expenditure as above $ 32,969 87
By investments 21,302 50
Sundry payments 575 29
Balance in hand and in bank 10,494 25
$ 65,341 91
412 DEPARTMENT OF FINANCE— INSURANCE BRANCH
2-3 EDWAhJ VII., A. 1903
CANADA ACCIDl^^T— Concluded,
RISKS AND PREMIUMS.
Accident Risks. No. Amount. Premiums
thereon.
Oross policies in force at date of last statement. 1,889 $ 7,233,800 00 ,$ 25,779 14
Taken during the year— new and renewed 2,438 6,683,100 00 27,325 39
Total 4,327 $13,916,900 00 $ 53,104 53
Deduct terminated 1,903 7,271,800 00 26,814 87
Gross in force at end of year 2,424 $ 6,645,100 00 $ 26,289 66
Deduct reinsured 617,998 00 2,927 43
Net in force on Decem})er 31, 1902 2,424 $ 6,027,102 00 $ 23,362 23
Sickness Risks.
Gross policies in force at date of last statement . 877 . . $ 3,845 65
Taken during the year * 1,602 ... 3,629 10
Total 2,479 $ 7,474 75
Deduct terminated -997 3,850 65
Gross and net in force at Dec. 31, 1902 ........ _M82 $ 3,624 10
Plate Glass Risks.
Gross policies in force at date of last statement . 1,984 . . . $ 28,632 95
Taken during the year 1,563 16,512 38
Total 3,547 $ 45,145 33
Deduct terminated 1,556 14,182 20
Gross and net in force at December 31, 1902. ... 1,991 $ 30,963 13
Total number of policies in force at date (accident, sickness and plate
glass) 5,897
Total premiums (accident, sickness and plate glass) $ 57,949 46
ACCIDENT, GUARANTEE, ETC., INSURANCE COMPANIES 413
SESSIONAL PAPER No. 8
THE CANADIAN RAILWAY ACCIDENT INSURANCE COMPANY.
Statement for the Year ending December 31, 1902.
President — Denis Murphy.
Chief Agent — John Emo.
Secretary-Treasurer — J. P. Dickson.
Head Office — Ottawa, Ont.
(Incorporated, July 23, 1894, by 57-58 Yic, cap. 118 ; amended in 1899 by 62-63 Vic,
cap. 106. Commenced business in Canada, August 27, 1895.)
CAPITAL.
Amount of capital authorized , | 500,000 00
subscribed for 200,000 00
" up in cash 40,000 00
{For List of Shareholders^ see Appendix).
assets.
L
Loans secured by mortgage, first liens on real estate .$ 14,300 00-
Stocks and bonds in deposit with the Receiver General, viz : —
Par value. Market value.
Canada 3J p.c. stock $ 20,000 00 $ 20,000 00
Province of Quebec 5 per cent bonds 4,866 67 5,644 12
Cit5' of Ottawa b(mds 564 49 583 75
City of Belleville bonds 5,000 00 5,132 88
Total par and market values $ 30,431 16 $ 31.360 75
Carried out at par value 30,431 IS
Central Counties Railway bonds, par value 5,000 00
Cash on hand at head office 458 08.
Cash in banks, viz.: —
Bank of Ottawa, special account $ 20,000 00
II current account 3,704 18
Total
Interest accrued
Agents' balances
Market value of stock, bonds, &c., over par
Office furniture
Outstanding premiums
Stationery and supplies on hand
Equipment
Total assets . .
23,704
la
233
33
491
21
979
59
1,322
28
25,097
49
1,813
14
176
40
$ 104,006
86
414 DEPA R TMENT OF FIN A NCE—INS URA NCE BRA NGH
2-3 EDWARD VII., A. 1903
CANADIAN RAILWAY ACCIDENT— C'on^mi^ec^.
LIABILITIES.
Accident claims known or reported, proof not filed $ 8,983 73
Total net amount of unpaid accident claims $ 8,983 73
Reserve of unearned premiums for all outstanding accident risks 65,140 50
Total liabilities (excluding capital stock) $ 74,124 23
INCOME.
Gross cash received for accident policies $ 155,547 50
Deduct reinsurance, rebate, abatement and return premiums , 20,923 95
Net cash received for accident premiums $ 134,623 55
Received for interest and dividends 2,115 52
Received from agencies 1,103 80
Total $ 137,842 87
Received for increased capital 1,960 00
Total income $ 139,802 87
EXPENDITURE.
For Accident Risks : —
Net amount paid during the year for accident losses occurring in pre-
vious years (which losses were estimated in the last statement at
$4,490.53).... $ 7,010 72
Paid for accident losses occurring during the year $ 50,375 00
Deduct reinsurances . . 723 69
Net amount paid during the year for said claims $ 49,651 31
Total net amount paid during the year for accident losses % 56,662 03
For Sickness Risks : —
Net amount paid during the year for sickness claims occurring in
previous years (which claims were estimated in the last statement
at $238. 90) % 646 43
Amount paid for claims occurring during the year 7,628 34
Total net amount paid for sickness claims 8,274 77
Total net amount paid during the year for accident and sickness claims $ 64,936 80
Amount of dividends paid during the year 2,282 40
Commission or brokerage 36,403 22
Salaries 6,209 16
Taxes 1,558 94
Miscellaneous payments, viz.: — Travelling expenses, $3,143.77; print-
ing and stationery, $1,770.06; rent, $1,056; legal costs, $252.84;
postage, telegrams, &c., $418.06; meetings, $517.65 ; miscellaneous,
$1,152.35 ; furniture, $80 ; express charges, $184.57 ; telephones,
$116.05; lighting, $23.15; exchange, $125.05; stationery and
supplies, $336.45 ; equipment, $70 ; written off agents' balances,
).30 ; advertisements, $935.68 10,246 98
Total expenditure $ 121,637 50
I
ACCIDENT, GUARANTEE, ETC., INSURANCE COMPANIES
SESSIONAL PAPER No. 8
CANADIAN RAILWAY ACCIBEl^T-Concliided.
415
CASH ACCOUNT.
1901. 1902.
Dec. 31.— To balance in hand and in Dec. 31.— By expenditure as above $ 121,637 50
banks $ 15,346 89 Investments 14,350 00
Balance in hand and in banks
1902. at this date 24,162 26
Dec. 31.— To income as above 139,802 87
Realization of investments 5,000 00 $ 160,149 76
$ 160,149 76
RISES AND PREMIUMS.
In Canada.
No.
Amount.
Premiums.
Accident Risks.
Oross policies in force at date of last statement
8,493
12,540
13,108,749
17,271,974
$ cts.
106,946 45
157,381 76
T'fl.lrAn rlnrinc t.Vip vpar — nftw . ... ...
Total
21,033
10,053
30,380,723
14^997,549
15,383,174
146,333
264,328 21
132,769 46
Gross in force at end of year
10,980
131,558 75
1,277 75
Net in force, Dec. 31, 1902
10,980
15,236,841
130,281 00
Total number of policies in force at date 10,980
Total net amount $15,236,841 00
Total premiums 130,281 00
416 DEPARTMENT OF FINANCE— INSURANCE BRANCH
2-3 KDWARD VII.. A. 1903
THE DOMINION BURGLARY GUARANTEE COMPANY, LIMITED.
Statement for the Year ending December 31, 1902.
President — Samuel Finley.
Head Office — Montreal.
>S'ecretor7/— William J. Kirby.
General Manager and Chief Agent —
Chas. W. Hagar.
(Incorporated, April 26, 1893, by 56 Vic, cap. 68; amended in 1901 by 1 Edward
YII., cap. 95. Commenced business in Canada, June 6, 1893.)
capital.
Amount authorized and subscribed for ,$ 200,000 00
Amount paid up in cash T 60,000 00
(For List of Shareholders, see Appendix.)
ASSETS.
* Stocks and bonds owned by the company : —
Par value. Market value.
Montreal Protestant school bonds— 4 per cent $ 28,000 00 % 28,490 00
Town of Peterborough bonds 15,000 00 14,700 00
Total par and market values $ 43,000 00 $ 43,190 00
Caaried out at book value $ 42,670 00
Electric plant 25,233 07
Advance messenger service earnings outstanding 533 41
Cash on hand at head office 956 89
Cash in Molsons Eank 7,261 70
Office furniture 809 68
Outstanding premiums 4,380 19
Electric earnings outstanding — net 425 74
Earnings, furniture account 395 00
Market value of stocks, bonds, debentures, &c., over cost 520 00
Total assets .$ 83,185 68
liabilities.
Net amount of losses claimed but not adjusted | 523 51
Reserve of unearned premiums 10,433 98
Due for directors' fees, salaries, commission, »fec 2,233 92
Cash dividends to stockholders remaining unpaid 4,800 00
Total liabilities (excluding capital stock) $ 17,991 41
* Deposited with Receiver General.
ACCIDENT, GUARANTEE, ETC., INSURANCE COMPANIES 417
SESSIONAL PAPER No. 8
DOMINION BURGLARY GUARANTEE— CWc^t^c^ec^
INCOME.
For Burglary Guarantee Risks.
Gross cash received for premiums $ 19,072 62
Deduct reinsurance, rebate, abatement and return premiums 815 62
Total net cash received for premiums | 18,257 00
Received for interest on bonds and mortgages , 1,812 30
Total income $ 20,069 30
EXPENDITURE.
For Burglary Guarantee Risks.
Net amonnt paid during the year for claims occurring in previous years
(which claims were estimated in the last statement at $726.46) $ 680 52
Amount paid for claims occurring during the year % 3,408 39
Deduct salvage and reinsurances 358 50
Net amount paid during the year for said claims. , $ 3,049 89
Total net amount paid during the year for burglary guarantee losses. . $ 3,730 41
Amount of dividends and bonus paid during the year 4,800 00
Commission or brokerage , 2,628 09
Salaries, fees and other charges of officials 4,190 00
Taxes 637 51
Miscellaneous payments, viz. : — Travelling expenses, $54 ; printing and
stationery, |73 . 78 ; patrol, |688 . 65 ; advertising, $615 . 25 ; rent,
$140 ; office furniture, $197 . 68 ; sundries, $1,044 .12 2,813 48
Total expenditure $ 18,799 49
CASH ACCOUNT.
1901. Dr. 1902. Cr.
Dec. 31— To balance in hand and in Dec. 31— By Expenditure during the
bank this date $ 26,419 58 year as above $ 18,799 49
1902. Plant 835 62
Dec. 31— To Income as above 20,069 30 Investments 14,670 00
Electric and other branches Bad debts written ofiF. . . 110 82
earnings 869 90 Arbitration expenses . . . 4,372 35
Bad debts recovered 6 77 Advance messenger ser-
Special deposit in suit re- vice furniture 23 40
turned 200 00 Advance messenger ser-
vice 535 28
Balance in hand and in
bank this date 8,218 59
$ 47,565 55 • $ 47,565 55
RISKS AND PREMIUMS IN CANADA.
Burglary Guarantee Risks. No. Amount. th^ereon^^
Gross policies in force at beginning of the year 1,592 $ 2,324,048 $ 17,627*11
Policies taken during the year — new 509 661,363 7,056 81
renewed 1,145 2,029,099 15,079 65
Total 3,246 $ 5,014,510 $ 39,763 57
Deduct terminated 1,716 2,483,403 18,895 62
Gross and net in force at Dec. 31, 1902 1,530 $ 2,531,107 $ 20,867 95
. »
Total number of policies in force at date 1,530
Total net amount in force $ 2,531,107 00
Total premiums thereon 20,867 95
8—27
418 DEPARTMENT OF FINANCE-INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
THE DOMINION OF CANADA GUARANTEE AND ACCIDENT
INSURANCE COMPANY.
Statement for the Year ending December 31, 1902.
President — Geo. Gooderham. | General Manager — J. E. Roberts.
Principal Office — Toronto, Ont.
(Incorporated, June 23, 1887, by 50-51 Vic, cap. 105; amended in 1893 by 56 Vic,
cap. 80; and in 1898 by 61 Vic, cap. 102 ; and in 1899 by 62-63 Vic,
cap. 108. Commenced business in Canada, November 5, 1887.)
CAPITAL.
Amount of joint stock capital authorized. | 1,000,000 00
Amount subscribed for , 237,400 00
Amount paid up in cash 106,830 00
(For List of Shareholders, see Appendix.)
ASSETS.
Value of real estate, less encumbrances, held by the company | 3,000 00
Amount secured by way of loans on real estate, by bond or mortgage,
first liens ." ". .^ . 1 1,522 76
Amount of loans as above on which interest has been overdue for one
year or more previous to statement $8,918 ^^
Stocks and bonds owned by the company, viz. : —
Par value. Book value.
Canadian Govern tnent bonds ..^ 20,000 00 8 20,000 00
City of Hamilton debentures 20,000 00 21,483 00
City of Brantford ,. 10,000 00 10,603 50
Town of Woodstock „ 17,000 00 18,697 15
Town of Dundas i. 9,000 00 9,445 00
City of Ottawa ., 5,546 50 5,654 83
City of Chatham ^^ 5,586 60 6,021 25
Total deposit with Receiver General $ 87,133 10 § 91,904 73
Toronto railway bonds 10,239 46 10,(508 80
City of Toronto debentures 9,733 33 9,635 99
Total par and book values $ 107,105 89 $ 112,149 52
Carried out at book value 1 12,149 52
Cash on hand at head office ., 3,003 80
Cash in Traders' Bank -S 16,403 85
II M (special trust account) 967 00
Total carried out.. 17,370 85
Agents' balances 42 14
Office furniture . 1,283 94
Mortgagor's account 1,257 24
149,630 25
'ACCIDENT, GUARANTEE, ETC., INSURANCE COMPANIES 419
SESSIONAL PAPER No. 8
DOMINION OF CANADA GUARANTEE AND ACQIDKNT— Continued.
OTHER ASSETS.
Interest due % 5 38
Interest accrued 1,788 51
Total interest due and accrued | 1,793 89
Gross premiums due and uncollected on policies in force, viz. : —
Accident , % 25,618 51
Guarantee 923 41
Total outstanding premiums 26,541 92
Total assets , | 177,966 06
LIABILITIES.
For Accident Policies, viz.: —
Amount claimed but not adjusted $ 1,835 56
II known or reported, proof not filed 7,056 39
II resisted, in suit (accrued in previous year) 720 00
Total net amount of unsettled claims for accident losses . $ 9,611 95
For Sickness Policies, viz.: —
Amount claimed but not adjusted $ 390 00
n known and reported, proof not filed 1,021 43
Total net amount of unsettled claims for sickness losses . 1,411 43
For Guarantee Policies : —
Amount of claims unsettled, proof not filed . 3,000 00
Reserve of Unearned Premiums —
Accident and sickness ; $ 67,437 46
Guarantee 6,909 81
Total net reserve of unearned premiums 74,347 27
Amount of all other claims against the companj 1,003 12
Total liabilities (excluding capital stock) | 89,373 77
INCOME.
For Accident Risks —
Gross cash received for premiums $ 134,141 37
Deduct reinsurance, rebate, abatement and return premiums 2,892 21
>jet cash received for accident preniiums $ 131,249 1(5
For Guarantee Risks —
Gros.scash received for premiums $ 18,717 81
Deduct reiosurance, rebate, abatement and return premiums 1,866 62
Net cash received for guarantee premiums $ 16,851 19
Total net cash received for premiums $ 148,100 35
Cash received for interest and dividends on stocks 4,138 75
Total income $ 152,239 10
-27i
420 DEPARTMENT OF FINANCE— INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
DOMINION OF CANADA GUARANTEE AND ACQU)Y.^T— Continued.
EXPENDITURE.
For Accident Risks —
Net amount paid during the year for claims occurring in previous
years (which claims were estimated in last statement at $5,452.69) $ 7,305 35
Amount paid for claims occurring during the year 36,602 96
Total net amount paid for accident claims % 43,908 31
For Sichiess Risks —
Net amount paid f jr claims occurring in previous years (which claims
were estimated in the last statement at $3,097 .45) .$ 4,408 07
Amount paid for claims occurring during the year 8,907 63
Total net amount paid for sickness claims $ 13,315 70
Amovint paid for giiarantee claims Nil.
Total amount paid for claims I 57,224 01
Amount of dividends paid during the year at 6 p. c. on preference
stock 12,388 15
Commission or brokerage 43,099 55
Salaries, fees and all other charges of officials 11,693 87
Taxes 1,711 66-
Miscellaneous payments, viz. : — Sundry expenses, $1,666.02; printing
and advertising, $3,233.95 ; law costs, $508.04; office furniture,
$366.59 ; travelling expenses, $1,716.48 ; rent, $1,074.17 ; postage,
telegraph, exchange and express, $1,424.78 ; light, $52.60 10,0*2 63^
Total expenditure $ 136,159 8T
CASH ACCOUNT.
1901. Dr.
Dec. 31— To Balance in hand and in banks $ 14,376 63
1902.
Dec. 31— To Income as above 152,239 10
Received from mortgagor's account , 140 06
Guarantee suspense account (to meet outstanding claims). 3,016 87
Special trust fund 967 00
$ 170,739 66
1902. Cr.
Dec. 31 — By Expenditure as above. . . .- $ 136,159 87
Investments 14,146 22
Agents' balances and suspense account 58 92
Balance in hand and in banks at this date 20,374 6.5
I 170,739 66
ACCIDENT, GUARANTEE, ETC., INSURANCE COMPANIES 421
SESSIONAL PAPER No. 8
DOMINION OF CANADA GUARANTEE AND AQCID^-^T—Conclifded.
MISCELLANEOUS.
Accident Risks. No. Amount. ■^heTJoT^
Gross ix)licies in force at date of last statement. . . 11,518 $ 20,953,658 $ 107,371 02
Taken during the year -new 6,771 11,136,566 73,754 81
renewed 5,395 11,462,216 62,077 06
Total 23,684 $43,552,440 $243,202 89
Deduct terminated 11,571 21,130,324 107,697 66
Gross in force at end of year 12,113 $ 22,422,116 $ 135,505 23
Deduct reinsured 257,500 1,428 73
Net in force at December 31, 1902 12,113 $ 22,164,616 $ 134,076 50
Guarantee Risks.
Gross policies in force at date of last statement... 910 $ 2,956,470 $ 13,037 96
Taken during the year -new 534 1,983,004 8,112 28
renewed... 634 2,453,792 9,986 38
Total 2,078 $ 7,393,266 $ 31,136 62
Deduct terminated 962 3,753,674 15,839 62
Gross in force at end of year.. 1,116 $ 3,639,592 $ 15,297 00
Deduct reinsured 368,000 1,477 37
Net in force at December 31, 1902 1,116 $ 3,271,592 $ 13,819 63
-■
Total number of policies in force at date. . 13,229
Total net amount in force $ 25,436,208 00
Total premiums thereon 147,896 13
422 DEPARTMENT OF FINANCE- INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
THE DOMINION PLATE GLASS INSURANCE COMPANY.
Statement for the Year ending December 31, 1902.
President atid Chief Agent — A. Ramsay. | Secretary — E. Dowsley.
Principal Office — Montreal.
(Incorporated May 22, 1888, by 51 Yic, cap. 95. Commenced business in Canada,
Dec. 14, 1888, by taking over the plate glass business of A. Ramsay.)
CAPITAL.
Amount of joint stock capital authorized I 50,000 00
Amount subscribed for 25,000 00
Amount paid up in cash 10,000 00
(For List of Stockholders, see Appendix.)
ASSETS.
Bonds deposited with the Receiver General, viz.: —
Par value.
Province of Quebec 5 per cent bonds $ 5,000 00
Montreal Protestant School Board bonds 11,000 00
Total $ 16,000 00
Carried out at par value $ 16,000 00
Deposit with Underwriters' Association 100 00
Loans on personal security of A. Ramsay & Son 8,194 27
Cash on hand at head office 962 93
Cash in Quebec Bank, Montreal .' 817 58
Agents' balances 2, 1 85 11
Office furniture and fixtures 400 00
Plate glass 424 20
J. B. Reed & Son, Toronto agency . 432 13
Total assets $ 29,516 22
LUBILITIES.
Reserve of unearned premiums for all outstanding plate glass risks. ... I 25,571 81
Total liabilities (excluding capital stock) $ 25,571 81
ACCIDENT, GUARANTEE, ETC., INSURANCE COMPANIES 423
SESSIONAL PAPER No. 8
DOMINION PLATE GluA^H— Concluded.
INCOME.
Gross cash received for premimns $ 22,122 40
Deduct reinsurance , 1 613 90
Net cash received for premiums | 20 508 50
Received for interest on bonds 1 I33 28
Total income | 21,641 78
EXPENDITURE.
Amount paid for plate ^lass losses occurring during the year $ 8,572 96
Deduct salvages and reinsurances 525 19
Net amount paid for plate glass losses | 8,047 77
Amount of dividends paid during the year 2,250 00
Paid for commission or brokerage 6,287 79
Salaries, fees and all other charges of officials in Canada 2,300 00
Taxes 591 57
Sundry expenditure 463 94
Total expenditure $ 19,941 07
CASH ACCOUNT.
1901. 1902.
Dec. 31— To balance in hand and in banks Dec. 31— By expenditure as above $19,941 07
at this date . , . . | 2,828 52 investments—
1902. A. Ramsay & Son 2,680 89
Dec. 31— To income as above 21,641 78 Toronto Agency 432 13
Montreal agency 8 50 Balance in hand and in bank
Plate Glass 355 80 at this date 1,780 51
$24,834 60 $24,834 60
RISES AND PREMIUMS.
>T Premiums
^ ' thereon.
Policies in force at date of last statement 3,045 $ 44,827 76
Taken during the year— new 909 14,955 89
renewed 510 7,985 22
Total 4,464 $ 67,768 87
Deduct terminated 1,332 19,800 87
Gross and net in force December 31, 1902 3,132 $ 47,968 00
Total number of policies in force 3,132
Total premiums on policies in force $ 47,968 00
424 DEPARTMENT OF FINANCE— INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
THE EMPLOYERS' LIABILITY ASSURANCE CORPORATION (LIMITED).
Statement for the Year ending December 31, 1902.
President — Lord Claud Hamilton. \ Secretary — S. Stanley Brown.
Chief Agent in Canada — Richard I. Griffin.
Principal Office — liondon, England. Head Office in Comadaj — Montreal.
(Incorporated, 25th October, 1880. Licensed for Accident and Guarantee business
in Canada, 24th October, 1894, and commenced such business in 1895.
New license issued for Accident, Guarantee and Sickness
business, February 20, 1900.)
capital.
Amount of joint stock capital authorized £ 1,000,000
Amount subscribed for 750,000
Amount paid up in cash 150,000
'assets in CANADA.
Stocks and bonds in deposit with the Receiver General, viz.: —
Par value.
Canada bonds . $ 52,316 67
Province of Quebec bonds 38,933 33
Newfoundland bonds 26,280 00
Manitoba debentures 2,920 00
Total % 120,450 00
Carried out at par value $ 120,450 00-
Cash at head office 1,987 57
Cash in banks in Canada, viz.: —
Bank of Montreal $ 5,603 94
Canadian Bank of Commerce 1,000 00
Total , 6,603 94
Office furniture (say) 1,000 00
Agents' balances and outstanding premiums : —
Accident .$ 30,47184
> Guarantee 1,895 01
Sickness , 1,518 46
33,885 31
Total assets in Canada $ 163,926 82
ACCIDENT, GUARANTEE, ETC., INSURANCE COMPANIES 425
SESSIONAL PAPER No. 8
EMPLOYERS' lAABllATY -Continued.
LUBILITIES IN CANADA.
For Accident Claims in Canada —
Net amount of claims in Canada adjusted hut not due (estimated) $ 210 00 *
Net amount of claims in Canada known or reix)rted but proof not
filed (estimated) 20,000 00
Total net amount of unsettled accident claims in Canada $ 20,210 00
Guarantee claims in Canada not adjusted 3,857 00
Sickness claims, adjusted but not due 86 00
Total net amount of unsettled claims for losses in Canada (estimated). . $ 24,153 00
Reserve of unearned premiums upon all unexpired accident risks in
Canada 80,626 81
Reserve of unearned premiums upon all unexpired guarantee risks in
Canada 13,024 35
Reserve of unearned premiums upon all unexpired sickness risks in
Canada , 3,238 13
Total liabilitiesin Canada $ 121,042 29
INCOME IN CANADA.
For Guarantee Risks in Canada — •
Gross cash received for premiums . $ 27,695 80
Deduct reinsurance, rebate, abatement and return premiums 1,302 71
Net cash received for said premiums % 26,393 09
For Accident Risks in Canadc
Gross cash received for premium's $ 168,365 05 «
Deduct reinsurance, rebate, abatement and return premiums 5,103 20
Net cash received for said premiums 163,261 85
For Sickness Risks in Canada —
Gross cash received for premiums $ 6,435 75
Deduct reinsurance, rebate, abatement and return premiums
Net cash received for said premiums 6,435 75
Total income in Canada $ 196,090 69
EXPENDITURE IN CANADA.
For Guarantee Risks in Canada —
Net amount paid during the year for elaims occurring in previous
years (which claims were estimated in the last statement at
$2,436.47) $ 1,546 30
Amount paid for claims occurring during the year. $ 11,396 68
Deduct salvages and reinsurance 7,127 43
Net amount paid during the year for said claims $ 4,269 25
Total net amount paid for guarantee claims $ 5,815 55
For Accident Risks in Canada —
Net amount paid during the year for claims occurring in previous
years (which claims were estimated in the last statement at
$20,672.85) $ 17,098 72
Amount paid for claims occurring during the year $ 40,158 45
Total net amount paid for accident claims $ 57,257 17
/
426 DEPARJM^NT OF FINANCE— INSURA2iCE BRANCH
2-3 EDWARD VII., A. 1903
EMPLOYERS' JA ABILITY— Continued.
EXPENDITURE — Concluded.
For Sickness Jtisks in Canada —
Net amount paid during the year for claims occuriing in previous
years (which claims were estimated in the last statement at $80. 71) $ 139 28
Amount paid for claims occurring during the year 2,471 54
Total net amount paid for sickness claims . $ 2,610 82
Net amount paid during the year for accident, guarantee and sickness
losses in Canada $ 65,683 54
Commission or brokerage in Canada 41,749 66
Salaries, fees and all other charges of officials in Canada 9,613 57
Taxes in Canada 1,368 04
Miscellaneous payments, viz. : — Travelling expenses, $1,172.23 ; postage,
telegrams, &c., $1,744.41 ; charges, $431.29 ; rent, $886.75 ; print-
ing and stationery, $1,655.42 ; advertising, $364.16 ; office furni-
ture, $427.13; legal expenses, $5; bad debts, $131.43 6,817 82
Total expenditure in Canada $ 125,232 63
RISKS AND PREMIUMS.
-^J . . Premiums
Guarantee Risks in Canada— ^^- amount. thereon.
Policies in force at date of last statement 3,152 $ 4,479,027 $ 23,402 49
Policies taken during the year— new. 1,911 2,223,034 10,179 23
renewed 2,073 3,511,053 17,2G3 11
Total 7,136 .$ 10,213,114 $ 50,844 83
Deduct terminated ... 3,526 4,983,491 24,796 12
Gross and net in force at Deceinber 31, 1902 3,610 $ 5,229,623 $ 26,048 71
Accident Risks in Canada —
Policies in force at date of last statement 1,614 $ 9,408,000 $ 122,063 44
Policies taken during the year— new 1,126 6,748,100 88,659 C7
renewed 1,239 7,205,000 83,113 49
Total 3,979$ 23,361,100 $ 293,836 60
Deduct terminated 1,705 9,974,000 132,582 98
Gross and net in force at December 31, 1902 _2.'274 $ 13,387,100 $ 161,253 62
Sickness Bisks in Canada —
Policies in force at date of last statement 701 $ 508,313 $ 4,161 46
Policies taken during the year— new 693 453,037 3,676 50
renewed 474 332,500 2,799 75
Total 1,868$ 1,29.3,850$ 10,637 71
Deduct terminated 701 508,313 4,16146
Gross and net in force at December 31, 1902 1,167 $ 785,537 $ 6,476 25
ACCIDENT, GUARANTEE, ETC., INSURANCE COMPANIES
SESSIONAL PAPER No. 8
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2-3 EDWARD VII., A. 1903
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SESSIONAL PAPER No. 8
THE GUARANTEE COMPANY OF NORTH AMERICA.
Statement for the Year ending December 31, 1902.
ifana^^r-^^^ Rawlings. Secretary a,id Treasurer-^OB^RT Kerr.
Head Office— hi Beaver Hall Hill, Montreal.
(Incorporated August 2, 1851, by Act of the Legislature of the late Province of Canada,.
14-15 Vic, cap. 36; amended in 1873 by 36 Vic, cap. 22; and in 1880 by 43-
Vic, cap. 71 ; and in 1881 by 44 Vic, cap. 57. Commenced business in Canada,
April, 1872. Commenced business in the United States, January, 1881.)
capital.
Amount of capital authorized I 1,000,000 00-
Amount subscribed for 668,600 00
Amount paid up in cash 304,600 00
For List of Stock-holders, see Appetidix.
ledger assets.
Value of real estate (less encumbrances) held by the company $ 64,350 00-
Loans secured by bonds and mortgages, on which not more than one
year's interest is due, constituting a first lien on real estate 710 00-
Stocks and bonds owned by the company, viz. : —
Bonds.
3e
Par value.
10,500 00
73,500 00
2,500 00
3,700 00
5,000 00
5,000 00
10,000 00
1,000 00
110,000 00
100,000 00
16,000 00
Book value.
.$ 10,920 00
80,520 00
3;766'o6
5,155 58
2,500 00
10,900 00
1,090 00
108,900 00
105,000 00
17,070 00
$ 345,755 58
[arket value.
10,920 00
11 Harbour
Boardof Trade, 2nds....
ti Street Railway
Ogilvie Flour Mills Co .
79,740 00
""3^885'o6
5,700 00
Lake Champlain and St. Lawren
4,000 00
Canada Southern Railway
Province of Quebec
10,800 00
1,080 00
City of Brooklyn, New York, Reg'd
City of New York, Reg'd
108,900 00
107,000 00
City of Richmond, Va
17,040 00
337,200 00
38,300 00
2,399 67
149,100 00
275 00
40,000 00
40,000 00
84,000 00
10,000 00
20,000 00
25,000 00
409,074 67
349,065 00 .
Stocks.
Montreal Corporation stock
Dominion of Canada
vJ. S. Guarantee Company
Philadelphia Bourse
Montreal Telegraph Co
Western Union Telegraph Co . . . .
%
5?,218 00
2,399 67
164,010 00
275 00
69,954 50
37,000 00
126,000 00
25,900 00
30,000 00
67,206 26
50,908 00
2,399 67
164,010 00
275 00
66,400 00
35,200 00
126,980 00
26,900 00
32,000 00
67,750 00
Bell Telephone Co
Bank of Montreal . .
Merchajits Bank of Canada
Montreal Street Railway
%
573,963 43
$1
572,822 67
Total
Carried out at market value .
.$_
746,274 67
!_
919,719 01
921,887 67
921,887 67
Cash on hand at head office and at branch offices
2,565 64
*0f the above securities an amount of the par value of $58,399.67 is on depcsit with the Receiver
General.
430 DEPARTMENT OF FINANCE— INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
GUARANTBE COM? A-^Y— Continued,
Cash in banks, viz. : —
Quebec Bank, Montreal $ 10,000 00
Canadian Bank of Commerce, Montreal 10,000 00
Merchants Bank of Canada, t. 10,000 00
Dominion Bank, Montreal 10,000 00
Chase National Bank, New York 1,198 00
Bank of Montreal, Montreal 39,502 .33
Chicago 15,026 04
Cuyler, Morgan & Co., New York . . 23,455 47
National Bank of Kentucky, Louisville, Ky 1,092 05
Bank of Buffalo, Buffalo, N.Y 469 02
Standard Bank of Canada, Toronto 10,887 17
Union Trust Co., Pittsburg, Pa 5,090 67
Fourth National Bank, Nashville, Tenn 1,375 46
Third National Bank, Atlanta, Ga 2,670 37
Philadelphia Trust Safe Deposit and Insurance Co., Philadelphia, Pa. 3,258 90
Total cash in banks $ 11 1,025 48
Total assets as per ledger accounts. $ 1,133,53» 79
OTHER ASSETS.
Interest accrued 8,251 73
Premiums in course of collection 9,139 28
Office furniture and fixtures, including safes at head office and branches 3,453 80
Total assets 8 1,154,383 60
LIABILITIES.
(1) Liabilities hi Canada.
Amount of unpaid claims resisted and in suit $ 1,400 00
Deduct reinsurance 700 00
Total net amount of unpaid claims | 700 00
Reserve of unearned premiums for all outstanding risks in Canada.. . . 16,354 71
Due and accrued for salaries, rent, agency and other miscellaneous ex-
penses, including commission for collecting outstanding premiums. 5,503 90
Total liabilities in Canada $ 22,558 61
(2) Liabilities in other Countries.
Amount of losses resisted and in suit $ 25,875 14
Deduct reinsurance 11,687 57
Net amount of losses resisted and in suit • $ 14,187 57
Net amount of k-sses claimed but not adjusted 7,759 32
Net amount of losses reported or supposed but not claimed 1,000 00
Total amount of unsettled claims for guarantee losses ($14,187.57 of
which accrued in previous years) $ 22,946 89
Total reserve of unearned premiums for all outstanding risks 76,239 19
Due and accrued for salaries, rent, agency and other miscellaneous ex-
penses, including commission for collecting outstanding premiums. 1,259 73
Provision for contingencies , 25,000 00
Total liabilities in other countries $ 125,445 81
Total liabilities (except capital stock) in all countries, $ 148,004 42
ACCIDENT, GUARANTEE, ETC., INSURANCE COMPANIES
SESSIONAL PAPER No. 8
GUARANTEE COMPANY— Con^umec?.'
INCOME.
For Guarantee Risks. In Canada.
In other
Countries.
76 $ 197,755 93
Gross cash received for premiums.. $ 30,67
Deduct reinsurance, rebate, abatement and return
premiums 3,916 77 45,269 86
Net cash received for premiums $ 26,761 99 S 152, 4H6 07
Total net cash received for premiums in all countries $
Received for interest and dividends
Income received from all other sources, viz. : — Rents.
Total income
431
179,248 06
42,602 48
1,991 30
223,841 84
For Guarantee Risks.
EXPENDITURE.
In Canada.
In other
Countries.
Net amount paid during the year for claims occurring in
previous years (which claims were estimated in the
last statement at $28,492.17) S
500 00 $ 6,092 70
Amount paid for claims occurring during the year. .
Deduct reinsurance and savings and salvage . .
$ 2,503 02 $ 46,153 64
1,189 55 17,984 47
Net amount paid during the year for said claims , $ 1,313 47 $ 28,169 17
1,813 47 8 34,261 87
Total net amount paid during the year for guarantee
hi' claims
Total net amount paid during the year for claims or losses in all countries $
Amount of dividends paid during the year at 8 per cent
Commission or brokerage
Salaries, fees and all other charges of officials
Taxes (state, national and municipal)
Miscellaneous payments, viz.: — Advertising, $975.59; rent, $7,280.55;
postage, exchange, telegrams, ifec, $5,564.27; printing and sta-
tionery, $3,492.11; legal expenses, $1,024.98; office furniture,
$95 ; office expenses, $2,659.26 ; inspection and revision ex-
penses, $14,119.93
36,075 34
24,368 00 I
5,032 08
62,465 50
6,219 83
35,211 69
Total expenditure $ 169,372 44
CASH ACCOUNT.
Dec. 31, 1901— Dr.
To balance in hand and in banks as at this date
Dec. 31, 1902—
To income as above.
Received from realization of investments
Dec. 31, 1902— CV.
By expenditure during the year as above
Investments during the year
Balance in hand and in banks this date .
148,898 06
223,841 84
3,790 00
$ 376,529 90
I 169,372 44
60,566 34
146,591 12
$ 376,529 90
432
DEPARTMENT OF FINANCE— INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
GUARANTEE COUVA^Y— Concluded.
RISKS AND PREMIUMS.
Fob Guarantee Risks.
In Canada.
In otuer Countkies.
Total
IN ALL Countries.
Amount.
Premiums
thereon.
Amount.
Premiums
thereon.
Amount.
Premiums
thereon.
Gross policies in force at date of
last statement
$
7,101,448
1,904,600
7,134,678
% cts.
30,735 25
.52.729.861
$ cts.
204,670 16
45,429 52
152,005 98
59,831,309
18,243,531
56,036,483
$ cts.
235,405 41
Taken during the year— new
n .1 renewed . .
5,616 39; 16;338;93i
26,532 70, 48,901,805
51,045 91
178,538 68
Total
Deduct terminated, including re-
newed
16,140,726
8,186,898
62,884 34 117,970,597
28,997 17 65,612,141
402,105 m
226,017 58
134,111,323
73,799,039
464,990 00
255,014 75
Gross in force at date
Deduct reinsured
7,953,828
298,000
33,887 17
1,177 75
52,358,456
7,247,473
45,110,983
176,088 08
23,609 69
60,312,284
7,545,473
209,975 25
24,787 44
Net in force, Dec. 31, 1902
7,655,828
32,709 42
152,478 39
52,766,811
185,187 81
Total net amount in force | 52,766,811 00
Total net premiums thereon 185,187 81
ACCIDENT, OUAR'ANTEE, ETC., INSURANCE COMPANIES 433
SESSIONAL PAPER No. 8
LLOYDS PLATE GLASS INSURANCE COMPANY.
Statement for the Year ending December 31, 1902.
President — William T. Woods. | Secretary — Chas. E. W. Chambers.
Principal Office — 63 William Street, New York.
Chief Agents in Canada —
EaSTMURE & LiGHTBOURN.
Head Office in Canada — Toronto.
(Incorporated, August, 1882. Commenced business in Canada, July 12, 1886.)
capital.
Amount of capital authorized, subscribed for and paid up in cash $ 250,000 00
(ASSETS IN CANADA.
Bonds on deposit with Receiver General, viz. : —
Par value. Market value.
Province of Manitoba bonds I 40,000 00 $ 42,152 00
City of Ottawa bonds 6,000 00 6,387 60
" Hamilton bonds 7,198 00 7,488 10
M Montreal stock 5,000 00 5,299 00
Total par and market values. $ 58,198 00 $ 61,326 70
Carried out at market value $ 61,326 70
Deposit with Underwriters' Association » 100 00
Premiums in course of collection . . . . • 10,822 13
Total assets in Canada $ 72,248 83
LIABILITIES IN CANADA.
Reserve of unearned premiums for all outstanding risks in Canada. ... $ 57,938 93
Total liabilities in Canada $ 57,938 93
INCOME IN CANADA.
Gross cash received for premiums during the year $ 48,762 65
Deduct reinsurance, rebate and return premiums ... 4,012 21
Net cash received for premiums f 44,750 44
Received for interest and dividends 2,393 90
Total income in Canada $ 47,]44 34
8—28
434 DEPARTMENT OF FINANCE— INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
LLOYDS LATE GLASS— Con/mwerf.
EXPENDITURE IN CANADA.
Amount paid for losses occurring during the year $ 22,995 C8
Deduct salvages and reinsurances — 2,844 99
Net amount paid during the year for said losses $ 20,1 50 09
Net amount paid during the year for plate glass losses $ 20, 1 50 09
Commission or brokerage . 17,900 17
Taxes , 737 55
Miscellaneous payments, viz. : — Duty and other charges on supplies ,
from head office, $66.40; Underwriters' Association, $218.19;
insurance superintendence, $19.53 ; calendars and express charges
on same, $557.30 861 .42
Total expenditure in Canada $ 39,649 23
RISKS AND PREMIUMS.
Plate Glass Bisks in Canada. No. Amount. "^/h^eon ^
Gross policies in force nt date of last statement . , . 7,158 $ 110,133 12
Policies taken during the year— new and renewed . 3,291 51,705 13
Total 10,449 $161,838 25
Deduct terminated 3,487 50,578 55
Gross and net in force, December 31, 1902 6,962 _^^ $ 111,259 70
Total number of policies in force in Canada at date 6,962
Total premiums thereon $ 111,259 70
General Business Statement for the Year ending December 31, 1902.
LEDGER assets.
Book value of real estate unencumbered $ 245,763 18
Book value of stocks and bonds held by the company 345,502 19
Cash on hand and in banks 19,155 18
Total ledger assets $ 610,420 55
non-ledger assets.
Market value of real estate over book value 19,236 82
" bonds and stocks over book value 42,897 22
Gross premiums in course of collection 52,675 69
Total admitted assets $ 725,230 28
ACCIDENT, GUARANTEE, ETC, INSURANCE COMPANIES 435
SESSIONAL PAPER No. 8
LLOYDS PLATE GJ^A^^—Condtided. .
LIABILITIES.
Net amount of unpaid losses $ 4,370 99
Unearned premiums 236,901 57
Due and accrued for agency expenses, plate glass, glazing, (fcc. 10,255 02
Total liabilities, except capital stock . $ 251,527 58
Capital stock paid up | 250,000 00
Surplus beyond capital and other liabilities 223,702 70
INCOME DURING THE YEAR.
Net cash received for premiums : $ 423,632 15
Interest and dividends ' ' 12,236 17
Rents 13,577 62
Profit on sale or maturity of ledger assets during the year over book
value 9,975. 00
Rebate of internal revenue tax <. 3 83
Total cash income $ 459,424 77
EXPENDITURE DURING THE YEAR.
Net amount paid for losses $ 150,091 44
Dividends to stockholders 26,250 00
Paid for commission to agents 1 37,008 52
Salaries and travelling expenses of agents, &c 492 98
Salaries of officers and office employees 49,095 70
Taxes, licenses and fees • 17,402 03
Rent 1,236 10
All other expenditure ^ . . 21,038 21
Total expenditure $ 402,614 98
RISKS AND PREMIUMS.
Plate glass risks, written or renewed during 1902 $16,272,055 00
Premiums thereon 454,977 77
Amount of risks terminated during the year 16,275,165 00
Premiums thereon 451,807 79
Net amount in force at December 31, 1902 17,059,914 00
Premiums thereon 468,417 68
8-28J
436 DEPARTMENT OF FINANCE— INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
THE LONDON GUARANTEE AND ACCIDENT COMPANY (LIMTrED).
Statement for the Year ending December 31, 1902.
Secretary — E. G. Laughton Anderson.
Manager for Canada — D. W. Alexander.
(Established, A.D. 1867. Commenced business in Canada, July, 1880.)
Principal Office —
61 Moorgate St., London, E.C., England
Head Office in Canada — Toronto.
capital.
Amount of joint stock capital authorized ! . . . . £2.50,000 sterling
Amount subscribed for ... 150,000 "
Amount paid up in cash 75,000 "
assets in CANADA.
Stocks and bonds in deposit with Receiver General, viz.: —
Par value. Book value.
Canada inscribed stock $ 53,533 3.3 $ 54,068 ^7
City of Toronto debentures 19.4r.6 67 19,077 33
Canada 4 per cent inscribed stock , . . . 10,220 00 10,731 00
Total par and market values $ 83,220 00 % 83,877 00
Carried out at value in account • | 83,877 00
Province of New Brunswick bonds (deposited with New Brunswick Gov-
ernment) 10,000 00
Cash at head office 1,876 88
Cash in Bank of Hamilton, Toronto 9,201 27
Vgents' adjustments in Canada 131 78
Office furniture 1,000 00
Total I 106,086 93
OTHER ASSETS.
Net amount of oiitstanding premiums— Accident ,....$ 9,322 06
„ , , „ —Guarantee 7,070 39
„ „ —Sickness 503.50
16,895 95
Total assets in Canada % 122,982 88
AGGIDENT, GUARANTEE, ETC., INSURANCE COMPANIES
SESSIONAL PAPER No. 8
LONDON GUARANTEE AND AQQIDY^^T—Conthiued,
437
LIABILITIES IN CANADA.
Outstanding Claims in Canada^ viz : —
Accident— claimed but not adjusted $ 37 85
II — known or reported, proofs not filed 3,532 00
Guarantee— claimed but not adjusted 1,407 82
Sickness — known or reported, proofs not filed 150 00
Accident— resisted, not in suit '. . ... 5,000 00
Total net amount of unsettled claims for losses in Canada
Reserve of unearned premiums for all outstanding risks in Canada : —
Guarantee $ 24,973 14
Accident 36,095 00
Sickness 1,295 38
Total
10,127 67
62,363 52
Total liabilities in Canada : $ 72,491 19
INCOME IN CANADA.
For Guarantee Bisks in Canada.
Gross cash received for guarantee premiums.
Deduct reinsurance, rebate, abatement and return premiums
$ 45,949 65
1,495 90
Net cash received for said premiums
For Accident Bisks in Canada.
Gross cash received for accident premiums
Deduct reinsurance, rebate, abatement and return premiums . . .
$ 44,453 75
$ 73,763 63
696 82
Net cash received for said premiums >
For Sickness Bisks in Canada.
Gross cash received for sickness premiums . .
Deduct reinsurance, rebate, abatement and return premiums
Net cash received for said premiums
$ 2,095 50
8 23
Total net cash received for premiums in Canada
Interest on deposit received direct in England . .
Other interest receipts . . . .
73,066 81
2,087 27
119,607 83
3,231 46
165 19
Total income in Canada $ 123,004 48
EXPENDITURE IN CANADA.
For Guarantee Bisks in Canada.
Net amount paid during the year for losses occurring in previous years
(which losrses were estimated in last statement at $235.88) $
Amount paid for losses occurring during the year $ 4,588 45
Deduct recoveries . . 2,844 52
(6 88
1,743 93
Net amount paid during the year for said los.ses
Total net amount paid during the year for guarantee losses
For Accident Bisks in Ca^iada.
Net amount paid during the year for accident h.vsses occurring in previous
years (which losses were estimated in the last statement at $4,000.25) $ 4,579 09
Net amount paid for accident losses occurring during the year 19,310 19
Total net amount paid during the year for accident losses
1,820 81
23,889 28
438 DEPARTMENT OF FINANCE— INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
LONDON GUARANTEE AND ACCIDENT— Conjimwe^.
EXPENDITURE IN CANADA Co7lcluded.
For Sickness Risks in Canada.
Net amount paid for claims occurring in previous years (which claims
were estimated at .$60 in last statement) „ $ 35 00
Net amount paid for sickness claims occurring during the year , . . , 652 86
Total net amount paid during the year for sickness claims $ 687 86
Total net amount paid during the year for guarantee, accident and
sickness losses | 26,397 95
Paid for commission or brokerage in Canada 28,180 71
II salaries, fees and other charges of officials in Canada 14,150 61
II taxes in Canada 1,578 17
Miscellaneous payments, viz. : — Law costs, $307 . 44 ; medical fees,
$281 . 75 ; printing and stationery, $1,801 . 97 ; travelling expenses,
$2,866.10; postage and telegrams, $1,195.95; rent, $1,530;
agency charges, $266. 15 ; sundry expenses, $1,792.13; advertis-
ing, $698. 26 10,739 75
Total expenditure in Canada $ 81,047 19
RISES AND PREMIUMS.
Guarantee Risks in Canada. No. Amount. Premiums.
Gross policies in force at date of last statement .. . 2,421 $ 7,675,609 $ 39,888 03
Taken during the year— new ],319 5,127,153 25,039 79
renewed 1,823 6,128,363 26,251 42
Total 5,563 $18,931,125 $ 91,179 24
Deduct terminated 2,649 8,089,1.59 41,232 96
Gross and net in force at Dec. 31, 1902 2,914 $ 10,841,966 $ 49,946 28
Accident Risks in Canada.
Gross policies in force at date of last statement.... 5,762 $13,577,841 $ 66,576.36
Taken during the year— new 2,449 5,121,000 27,154 44
II .. renewed 3,590 9,304,241 4.5,724 88
Total 11,801 $ 28,003,082 $ 139,455 68
Deduct terminated 5,825 13,804,341 67,253 18
Gross in force 5,976 $ 14,198,741 $ 72,202 50
Deduct reinsured 5,000 12 .50
Net in force at Dec. 31, 1902 5,976 $14,193,741 $ 72,190 00
Sickness Risks in Canada,
Taken during the year 470 $ 323,848 $ 2,590 77
Net in force at Dec. 31, 1902 470 323,848 2,-590 77
Total number of policies in force in Canada at date 9,360
Total net amount in force $25,359,555 00
Total premiums thereon , 124,727 05
ACCIDENT, GUARANTEE, ETC., INSURANCE COMPANIES 439,
SESSIONAL PAPER No. 8
LONDON GUARANTEE AND ACCIDm^T— Concluded.
General Business Statement for the Year ended December 31, 1902.
revenue account for the year ended december 31, 1902.
EXPENDITURE. IXCOME.
£ s. d. £ s. d.
To claims, balance of account, and By premium, less bonus and rebates
costs and exjjenses re settlements. . . 154,558 10 1 to assured and reassurances 300,318 12 5
To charges: — Branch and agency com- By interest and profit and loss 15,588 12 4
mission, including reserves re bal-
ances, policy stamps 75,892 5 3
To income and other taxes, home and
foreign..... 7,303 6 3
To advertising, agency extension,
printing and stationery .... 7,994 16 1
To rent, salaries and general law
charges, directors', auditors', medi-
cal and other fees 26,368 13 0
To postages, receipt stamps and mis-
cellaneous charges 4,591 4 10
To office extension, alterations and
furniture 557 16 6
To reserve fund 5,000 0 0
To interim dividend paid
Sept., 1902 £ 3,125 0 0
To balance carried to
balance sheet 30,515 12 9
33,640 12 9
£315,907 4 9 £316,907 4 9
BALANCE SHEET, AS ON DECEMBER 31, 1902.
' £ s. d. £ s. d.
To capital : — 50,000 shares of By investments : — At cost, less sink-
£5 each £250,000 ing fund 450,916 4 10
of which are subscribed : Certain of the above investments
25,000 ordinary shares £2 are deposited in connection with
paid £ 50,C00 Government business in England, and
5,000 5% pref. shares fully others abroad under foreign or colon-
paid 25,000 ial state laws.
75,000 0 0 By branch and agents'
To unclaimed dividends .., 288 9 8 balances £47,64119 0
To sundry creditors 11,153 19 0 Less reserve for com-
To reserve for claims under investiga- mission, &c 12,699 0 0
tion 118,8.32 4 0.. 34,942 19 0
To reserve . 125,000 0 0 By cash at Londcm
To revenue account, including provis- bankers 7,058 13 9
ion for current policies — By cash at banks, at
Balance from last home and abroad .. . 4,017 14 9
year, after pay- ' By cash in hands of
ment of dividend . . £175,604 13 10 trustees 36,200 0 0
Add balance of ac- By cash in transit 2,593 6 11
count for the year By cash on hand at
ending this date. . . 30,515 12 9 head office and
206,120 6 7 branches. 666 0 0
50,.535 15 5
£536,394 19 3 £536,394 19 3
440 DEPARTMENT OF FINANCE— INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
THE MARINE INSURANCE COMPANY (LIMITED).
Statement for the Year ending December 31, 1902.
President — Robert Baring. | Sec^^etary — Henry G. R. Maughan.
Principal Office — 20 Old Broad Street, London, Eng.
Head Office in Canada — Halifax. | Chief Agent in Catiada — W. J.G.Thomson.
(Established, July 30, 1836 ; incorporated in January, 188L Commenced business in
Canada, December 14, 1896.)
capital.
Amount of joint stock capital authorized and subscribed for , . <£ 1,000,000
II paid up in cash . , 180,000
assets in CANADA.
Bonds in deposit with the Receiver General, viz. : —
Par value.
Canada 4 p.c. bonds $102,200 00
Canadian Northern Railway guaranteed bonds 4,866 67
Carried out at par value % 107,066 67
liabilities in CANADA.
Inland Transit claims not adjusted '. $ 73 00
INCOME IN CANADA.
Net cash received for Inland Marine premiums % 3,034 56
Net cash received for Inland Transit premiums -. 23,896 92
Total income in Canada . % 26,931 48
EXPENDITURE IN CANADA.
Paid^for Inland Transit claims occurring during the year % 375 00
Paidjfor commission or brokerage 2,693 15
Paid for taxes in Canada 160 42
•
Total expenditure. . . . . . .• - $ 3,228 57
ACCIDENT, GUARANTEE, ETC., INSURANCE COMPANIES 441
SESSIONAL PAPER No. 8
MARINE— CoA/«?ri?i«rf.
RISKS AND PREMIUMS.
For Inlaiid Transit Bisks in Canada. Amount. t^Weon^'^
Policies"taken during the year $62,530,576 $ 23,896 92
Deduct 'terminated 62,530,576 23,896 92
For Inland Marine Risks in Canada.
Policies taken during the year $ 600,345 % 3,034 56
Deduct terminated , 600,345 3,034,56
General Business Statement for the Year ending December 31, 1902.
BALANCE sheet.
liabilities.
Capital account, viz.: — £. s. d.
Capital subscribed £ 1,000,000 0 0
Less amount not called upon 820,000 0 0
180,000 0 0
Reserve fund 600,000 0 0
Sundry creditors 41,964 14 0
Balance of underwriting account on the 31st December, 1901 £415,302 19 2
The amount of settlements during 1902, applicable to
1901 and former years, was £ 81,514 14 7
Amount paid for dividends ; . 80,000 0 0
161,514 14 7
253,788 4 7
Net amount of premiums and interest on investments for 1902
was £ 264,328 6 7
Settlements and office expenses for the year 1902 were 78,904 7 10
185,423 18 9
£1,261,176 17 4
assets.
Securities —
Government, metroix)litan and stock guaranteed by govern-
ment £169,831 110
Indian government 49,062 10 6
Indian railway 106,746 8 10
Colonial 112,713 5 1
Foreign government and American . , 220,886 12 8
British railway 162,402 10 0
Other 276,425 8 1
£1,098,067 17 0
House property in London and Amsterdam
Amount due for premiums and on reinsurance account
Bills receivable
Sundry debtors
Cash at bankers
73,589 10
5
67,880 13
3
70 0
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1,683 0
4
19,885 16
4
£1.261,176 17 4
442 DEPARTMENT OF FINANCE— INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
NEW YORK PLATE GLASS INSURANCE COMPANY.
Statement for the Year ending December 31, 1902.
President — Max Danziger. | Secretary — Major A. White.
Principal Office — 24 Pine Street, New York.
Head Office in Canada — Montreal. | CMef Agent in Canada — Gustave Fauteux
(Incorporated, March, 189L Commenced business in Canada, January, 1900.)
CAPITAL.
Amount of capital authorized, subscribed for and paid up in cash $ 100,000 00
ASSETS IN CANADA.
Bonds on deposit with Receiver General, viz. : —
Par value. Market value.
Canada 4 per cent bonds % 10,000 00 $ 10,000 00
Carried out at market value , $ 10,000 00,
Deposit Underwriters' Association 100 00
Premiums due and uncollected 1,173 39
Total assets in Canada | 11,273 39
LIABILITIES IN CANADA.
Net amount of losses in Canada due and unpaid $ 610 08
Reserve of unearned premiums for all outstanding risks in Canada, . . . 6,718 94
Commission on unpaid premiums 288 00
Sundry liabilities • 94 73
Total liabilities in Canada ". $ 7,711 75
INCOME IN CANADA.
Gross cash received for premiurxis during the year $ 7,751 60
Deduct reinsurance, rebate, abatement and return premiums 836 12
Net cash received for premiums I 6,915 48
Received for interest and dividends 400 00
Total income in Canada .... | 7,315 48
ACCIDENT, GUARANTEE, ETC., INSURANCE COMPANIES 443
SESSIONAL PAPER No. 8
NEW YORK PLATE G1.X^^— Continued.
EXPENDITURE IN CANADA.
Net amount paid for losses occurring in previous years (which losses were
estimated in the last statement at $9.51).. f 9 51
Amount paid for claims occiirring during the year $ 2,819 60
Less salvages 483 03
Net amount paid for said losses $ 2,336 57
Total net amount paid during the year for plate glass losses $ 2,346 08
Commission or brokerage 1,517 28
Taxes , 580 06
All other payments 220 48
Total expenditure in Canada. ... $ 4,663 90
RISKS AND PREMIUMS.
Plate Glass Risks in Canada. No. Amount. ^hCTeon^^
Policies in force at date of last statement 605 $ 128,105 $ 10,800 73
Taken during the year — new and renewed 85,300 7,514 17
Total $ 213,405 $ 18,314 90
Deduct terminated 68,759 5,17144
Gross and net in force Dec. 31, 1902 970 $ 144,646 $ 13,143 46
Total number of policies in force in Canada at date 970
Totalinet amount in force I 144,646 00
Total premiums thereon ^ 13,143 46
General Business Statement for the Year ending December 31, 1902.
INCOME during THE YEAR.
Net cash received for premiums , $ 411,395 35
Interest 14,002 77
Profit on sale or maturity of ledger assets during the year over book
values 19,158 50
Total income during the year $ 444,556 62
EXPENDITURE DURING THE YEAR.
Net amount paid for plate glass losses $ 1 16,704 65
Cash paid stockholders for interest or dividends .... 10,000 00
Commission or brokerage 159,886 08
Salaries, travelling and all expenses of agents and agencies 3,967 76
Salaries of officers and home office employees 30,515 83
Taxes, licenses and insurance department fees. 9,266 49
Rent 7,170 76
Legal expenses 119 49
All other expenditure 14,676 07
Total expenditure $ 352,307 13
444 DEPA R TMEKT OF FIN A NCE~INS URA NGE-BRA NGH
2-3 EDWARD VII., A. 1903
NEW YORK PLATE Ql.A.^^— Concluded.
LEDGER ASSETS.
Book value of bonds and stocks $ 409,952 04
Cash on hand and in banks 32,151 45
Total net ledger assets $ 442,103 49
NON-LEDGER ASSETS.
Market value of bonds and stocks overbook value , 41,597 96
Net premiums in course of collection, not over 3 months due 62,030 00
Total assets $ 545,731 45
LIABILITIES.
Total amount of unpaid claims and expenses $ 6,946 82
Total unearned premiums for plate glass risks , 230,012 55
Dividends to stockholders declared but not yet due . 5,000 00
Salaries, rents, expenses, &c., due or accrued 1,086 32
Due for return premiums 2,885 91
Total liabilities. $ 245,931 60
RISKS AND PREMIUMS.
For Plate Glass Risks.
Amount of policies written or renewed during the year $24,111,838 00
Premiums thereon 588,551 52
Amount of policies terminated during the year 16,766,264 00
Premiums thereon , 405,236 64
Net amount of policies in force at December 31, 1902 18,714,316 00
Premiums thereon 460,107 82
ACCIDENT, GUARANTEE, ETC., INSURANCE COMPANIES 445
SESSIONAL PAPER No. 8
THE OCEAN ACCIDENT AND GUARANTEE CORPORATION (LIMITED.)
Statement for the Year ending December 31, 1902.
Chairman — Thomas Hewitt. | Secretary — Richard J. Paull.
Principal Office — London, Eng.
Chief Agent in Canada — Head Office in Canada — Montreal.
Charles H. Neely.
(Incorporated under the Companies' Acts, 1862 and 1867. Commenced business in
Canada, September 1, 1895.)
CAPITAL.
Amount of joint stock capital authorized $ 5,000,000 00
Amount subscribed for 3,050,000 00
Amount paid up in cash 851,400 00
ASSETS IN CANADA.
Stocks and bonds on deposit with Receiver General, viz.: —
Par value. Market value.
Canada 4 per cent inscribed stock $ 9,733 33 -S 10,244 33
Province of Quebec 5 per cent bonds 14,600 GO 15,271 60
4 „ 12,166 67 12,653 33
South Australia 4 „ T 45,746 66 46,66160
Cdte St. Antoine ( We^tmount) 4 per cent bonds 25,000 00 26,750 00
City of St. Henry 4 per cent bonds 20,000 00 21,100 00
Canadian Northern Railway, 4 [ler cent bonds 14,600 00 15,038 00
Total par and market values $141,846 66 $ 147,718 86
Carried out at market value I 147,718 86
Cash at head office 46 02
Cash in Bank of Montreal, Montreal 9,728 32
Outstanding and deferred premiums 20,836 28
Office furniture and stationery 1,500 00
Total assets in Canada $ 179,829 48
LIABILITIES IN CANADA.
For Accident Losses in Canada.
Net amount of losses known or reported, proof not filed $ 51,479 43
II resisted in suit (),500 00
Total net amount of unsettled accident losses $ 57,979 43
446 DEPARTMENT OF FINANCE— INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
OCEAN ACCIDENT AND GUARANTEE— Co/*/i7/ /.«.*.
LIABILITIES IN CANADA — Concluded.
For Sickness Losses in Canada.
Net anioimt of losses known or reix)rted, proof not filed $ 1,166 00
Total net amount of unsettled sickness losses $ 1,166 00
Total net amount of unpaid claims (of which $3,139 occurred in previous
years I 59,145 43
Reserve of unearned premiums for all outstanding accident risks in
Canada 79,661 34
Total amount of all liabilities in Canada I 138,806 77
INCOME IN CANADA.
Gross cash roceived for accident premiums ... $193,693 06
Deduct reinsurance, rebate, abatement and return premiums 3,860 38
Net cash received for accident premiums I 189,832 68
Received for interest and dividends 5,819 86
Total income in Canada • $ 195,652 54
EXPENDITURE IN CANADA.
Fo7' Accide7it Bisks.
Amount paid during the year for accident losses occurring in previous
years (which losses were estimated in the last statenjent at $49,614.20) $ 61,956 23
Amount paid for accident losses occurring during the year $ 70,165 09
Deduct reinsurances 630 83
Net amount paid during the year for said losses ■ $ 69,534 26
Total net amount paid during the year for accident losses . . $131,490 49
For Sickness Bisks in Canada.
Amount paid during the year for sickness losses occurring in previous years
(which losses were estimated in the last statement at $1,725.05) .... $ 2,276 72
Amount paid for sickness losses occurring during the year 3,807 87
Total net amount paid during the year for sickness losses . . $ 6,084 59
Total net amount paid during the year for accident and sickness losses
in Canada
Commission or brokerage.
Salaries, fees and all other charges of officials
Taxes
Miscellaneous payments : — Legal expenses, $9 ; printing and station-
ery, $1,557.97; advertising, $273.75; rent, $2,585.16; office
furniture and repairs, $165.91; sundry expenses, $100.29; light,
$138.71 ; elevator inspection, $95.50 ; travelling expenses, $245.95 ;
insurance superintendence, $93.33 ; telephone, $95.65 ; commercial
agency, $50 ; postage and exchange, $103.78
Total expenditure in Canada
137,575 08
53,535 97
4,1-82 53
1,877 44
5,515 00
$ 202,686 02
1
ACCIDENT, GUARANTEE, ETC., INSURANCE COMPANIES 447
SESSIONAL PAPER No. 8
OCEAN ACCIDENT AND GUARANTEE— Con^inuec^.
EISKS AND PREMIUMS.
Accident Risks in Canada. No. Amount. "^tSreon^^
Policies in force at date of last statement 7,796 $27,653,700 % 174,668 98
Taken during the year— new 4,554 12,874,583 117,335 20
renewed 4,918 20,460,750 121,713 21
Total 17,268 $ 60,989,033 $ 413,717 39
Deduct terminated 9,793 35,981,950 254,504 86
Gross in force at end of year 7,475 $ 25.007,083 $ 159,212 53
Deduct reinsured 5,000 25 00
Net in force at Dec. 31, 1902 . 7,475 $ 25,002,083 $ 159,187 53
Total number of policies in force at date 7,475
Total net amount in force $25,002,083 00
Total premiums thereon = 159,187 53
448
DEPARTMENT OF FINANCE -INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
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2-3 EDWARD VII., A. 1903
THE OCEAN MARINE INSURANCE COMPANY (LIMITED).
Statement fob the Yeab ending December 31, 1902.
Chairman — A. H. Campbell. | Secretary — A. Price.
Principal Office — London, England.
ChieJ Agent in Canada — C. E. Gault. | Head Office in Canada — Montreal.
(prganized, 1859. Incorporated, 1888. Commenced business in Canada, 1898.)
capital.
Amount of capital authorized and subscribed for £1,000,000 $ 4,866,666 67
Amount of capital paid up in cash , 100,000 486,666 67
ASSETS IN CANADA.
Bonds in deposit with the Receiver General, viz. : —
Par value. Market value.
New South Wales Government 4 p.e. debentures. . . . $ 121,666 67 $ 124,100 00
Carried out at market value $ 124,100 00
Total assets in Canada $ 124,100 00
LIABILITIES IN CANADA.
Total liabilities in Canada Nil.
•
income IN CANADA.
Gross and net cash received for premiums $ 218 85
expenditure in CANADA.
Total expenditure in Canada Nil.
MISCELLANEOUS.
Inland trmisit risks. No. Amount. Premiums
thereon.
Policies taken during the year 72 $ 1,464,300 $ 218 85
Deduct poHcies terminated 72 1,464,300 218 85
ACCIDENT, GUARANTEE, ETC., INSURANCE COMPANIES
451
SESSIONAL PAPER No. 8
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2-3 EDWARD VII., A. 1903
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SESSIONAL PAPER No. 8
THE ONTARIO ACCIDENT INSURANCE COMPANY.
Statement for the Year ending December 31, 1902.
President —
Larratt W. Smith, K.C, D.C.L.
PrinGi2)al Office — Toronto.
Secretary — Francis J. Lightbourn.
Vice-Presideyit and Managing Director—^
Arthur L. Eastmure.
(Incorporated July 22, 1895, by 58-59 Yic, cap. 83; amended in 1897 by 60-61 Yic.
cap. 80. Commenced business in Canada, October 17, 1895.)
CAPITAL.
Amount of capital authorized % 500,000 00
Amount subscribed for 102,550 00
Amount paid up in cash 43,695 00
(For List of Shareholders, see Appendix.)
assets.
Bonds and debentures owned by the company, viz.: —
Par value. Book value.
*City of Toronto bonds $ 4,866 67 $ 5,105 61
*Cicy of Brantford ., 5,000 00 5,100 00
*City of St. John, N.B. (school) „ 5,000 00 5,112 50
*City of Woodstock, Ont. .. 5,000 00 5,075 00
♦Province of New Brunswick „ 7,500 00 7,880 25
^Province of British Columbia 5,000 00 5.250 00
Province of Manitoba ,, 4,866 67 5,562 59
Province of Prince Edward Island .. 5,000 00 5,238 50
Total.. . ...$42,2.33 34 $44,324 45
Carried out at book value I 44,324 45
Cash in hand at head office 1,499 59
Cash in banks, viz.: —
Merchants' Bank of Canada $ 10,822 62
Central Canada Loan and Savings Company , 2,525 70
Total 13,348 32
Interest accrued and unpaid 165 06
Bills receivable 1,009 00
Agents' balances 751 71
Net amount of outstanding and deferred premiums 21,967 03
Total assets $ 83,065 16
*In deposit with Receiver GeneraL
454 DEPARTMENT OF FINANCE— INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
ONTARIO ACCIDENT—Con^mwec/.
LIABILITIES.
Claims forijaccident losses, claimed but not adjiisted $ 2,000 00
II known or reported, proof not filed 2,000 00
Claims for sickness losses, claimed but not adjusted 300 00
II known or reported, proof not filed 500 00
Total unsettled claims % 4,800 00
Deduct accident losses reinsured 475 00
Net amount of unpaid claims % 4,325 00
Reserve of unearned premiums for all outstanding accident risks 46,247 01
All other claims against the company 456 01
Total liabilities , $ 51,028 02
INCOME.
Gross cash received for accident premiums , $ 129,582 82
Deduct reinsiarance, rebate, abatement and return premiums 14,412 35
Net cash received for premiums $ 115,170 47
Interest and dividends 1,783 90
• Total % 116,954 37
Received for calls on capital 695 00
Total income $ 117,649 37
EXPENDITURE.
For Accident Risks.
Amount paid during the year for losses occurring in previous years (which
losses were estimated in the last statement at $8,500) . . $ 6,460 62
Amoimt paid for losses occurring during the year.. . $ 42,899 89
Less reinsurances 2,095 91
Net amount paid for said losses $ 40,803 98
Total net amount paid during the year for accident losses $ 47,264 60
For Sickness Risks.
Amount paid for losses occurring in previous years (which losses were
estimated in last statement at $300) $ 358 07
Amount paid for losses occurring during the year $ 6,498 42
Deduct reinsurance 139 28
Net amo\mt paid for said losses $ 6,359 14
Total net an-ount paid for sickness claims $ 6,717 21
Total net amount paid for accident and sickness losses. , $ 53,981 81
Amount of dividends paid during the year at 4 per cent 1,720 00
Commission or brokerage 51,553 35
Paid for salaries, fees and all other charges of officials 705 00
Taxes 1,294 80
Miscellaneous payments, viz 2,153 11
Total expenditure $ 111,408 07
ACCIDENT, GUARANTEE, ETC., INSURANCE COMPANIES 455
SESSIONAL PAPER No. 8
ONTARIO ACCID^^T— Concluded.
CASH ACCOUNT.
1901. 1892.
Dec. 31. To balance in hand and in Dec. 31. By expenditure as above $111,408 07
banks at this date $ 7,981 01 Balance in hand and in
1902. banks ... 14,847 91
Dec. 31. To income as above 117,649 37
Agents' advances returned 625 60
% 126,255 98 $ 126,255 98
RISKS AND PREMIUMS.
No. Amount. Premiums
thereon.
Policies in force at date of last statement ... 4,39i % 11,294,733 $ 90,191 48
Taken during the year -new and renewed 5,690 12,895,965 132,624 44
Total 10,081 $ 24,190,698 $ 222,815 92
Dediict terminated 4,447 11,400,733 122,901 88
Gross in force at end of year 5,634 % 12,789,965 $ 99,914 04
Deduct reinsured 1,336,667 7,420 02
Net in force at Dec. 31, 1902 5,634 $ 11,453,298 $ 92,494 02
456 DEPARTMENT OF FINANCE-INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
THE RAILWAY PASSENGERS ASSURANCE COMPANY.
Statement for the Year ending December 31, 1902.
Chairman of Board of Directors —
Rt. Hon. Evelyn Ashley.
Secretary — A. Vian.
Chief Agent in Canada-FRA^K H. Russell.
Principal Office —
64 Cornhill, London, E.C., Eng.
Head Office in Ca^iada — Toronto.
(Organized, March, 1849. Licensed to do business in Canada, November 27, 1902.)
CAPITAL.
Amount of joint stock authorized and subscribed for £ 1,000,000 stg.
Amount paid up in cash 200,000
ASSETS IN CANADA.
British 2| per cent consols in deposit with the Receiver General, par
value, $97,333.33; market value , $ 91,493 00
(This company was licensed in Canada^ Nov. 27 , 1002, hut did not accept any risks
hejore the close of the year.)
ACCIDENT, GUARANTEE, ETC., INSURANCE COMPANIES
457
SESSIONAL PAPER No. 8
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2-3 EDWARD VII., A. 1903
THE SUN LIFE ASSURANCE COMPANY OF CANADA.
Statement for the Year ending December 31, 1902.
ACCIDENT DEPARTMENT.
(For Assets, see Life Statement.)
liabilities.
Unearned premiums | 98 47
income.
Groes cash received for accident premiums on combined policies $ 164 11
Net cash premium income $ 164 11
disbursements. ^
Claims paid during the year $ 135 00
Expenses 20 51
Total accident disbursements $ 155 51
miscellaneous.
Number of policies in force at the end of the year (combined) 29
Amount payable at death , $ 9,000 00
Annual premiums on amount in force 164 1 1
ACCIDENT, GUARANTEE, ETC., INSURANCE COMPANIES 459
SESSIONAL PAPER No. 8
THE TRAVELERS INSURANCE COMPANY.
Statement for the Year ending December 31, 1902.
ACCIDENT DEPARTMENT CANADIAN BUSINESS.
(For Assets, see Life Statement.)
LIABILITIES IN CANADA.
Amount of unpaid claims on accident policies in Canada , $ 8,500 00
Amount of reserve on all outstanding accident risks in Canada 33,890 01
Special reserve on ten premium accident policies. 30,257 00
Total liabilities in Canada $ 72,647 01
INCOME IN CANADA.
Gross cash received for accident premiums during the year % 80,340 07
Deduct reinsurance, rebate, abatement and return premiums 4,521 92
Net cash actually received for premiums $ 75,818 15
Total net income = $ 75,818 15
EXPENDITURE IN CANADA.
Amount paid for accident claims occurring dunng the year— Indemnity . ,$ 18 445 10
>f .. 1. Death. .. 5,250 00
Total amount paid for indemnity and death claims in Canada $ 23,695 10
Paid for commissions 24,133 90
Paid for taxes in Canada 1,093 33
Miscellaneous expenses, viz.: — Surgeon's fees, $397 ; legal expenses,
$1,041.24 ; exchange, $74.12 ; postage, $102.76 ; first surgical aid,
$202.50 ; general expenses, $2,355.38 4,173 00
Total expenditure in Canada. , $ 53,095 33
460 DEPARTMENT OF FINANCE— INSURANCE BRANCH
2-3 EDWA.iD VII., A. 1903
TRAVELERS— Con^mwerf.
RISKS AND PREMIUMS.
Accident Bisks in Canada. No. Amount. ^therecm^
Gross policies in force at date of last statement.. 3,851 f 10,817,714 $ 61,1)81 86
Taken during the year, regular 5,077 14,572,464 64,334 32
liability • 85 8.50,000 11,45192
ticket '. 5,168 25,790,000 2,798 55
14,171 $ 52,030,178 $ 140,.566 65
Deduct terminated 10,396 40,051,228 72,786 63
Gross and net in force at end of year 3,775 $ 11,978,950 $ 67,780 02
Ten premium accident policies in force. 140 450,000 1,755 28
Total accident policies in force 31 Dec. 1902. 3,915 $ 12,428,950 $ 69, .535 20
General Business Statement for the Year ending December 31, 1902.
(Accident Department. )
income during the year.
Total premium income .- $ 4,342,069 16
Cash received for interest 271,014 33
Total income $ 4,613,083 49
disbursements during the year.
Net amount paid for accident, employers' liability and health losses. .. | 1,613,517 25
Expenses of claim adjustments 221,574 20
P^id stockholders for interest and dividends .... 150,000 00
Commission to agents 1,200,120 01
Salaries and allowances to managers and agents ; 124,842 27
Medical examiners' fees and inspections 99,193 56
Salaries of officers and office employees 166,933 88
Taxes, licenses and insurance department fees 117,754 19
Rent 35,421 99
All other expenditures 164,080 85
Total disbursements $ 3,893,438 20
ledger assets.
Book value of bonds and stocks owned I 6,390,767 93
Cash on hand and in banks 308,129 94
Agents' debit balances '. 7,635 45
Total $ 6,706,533 32
non-ledger assets.
Accrued interest 51,735 07
Market value of bonds and stocks over book value 667,812 68
V^ Z. Total I 7,426,081 07
Deduct assets not admitted 7,635 45
Total admitted assets $ 7,418,445 62
ACCIDENT, GUARANTEE, ETC., INSURANCE COMPANIES 461
SESSIONAL PAPER No. 8
TRAVELERS— (7o7ic^?^c^ec^.
LIABILITIES.
Total unearned premiums, accident, employers' liability and health. ... $ 1,949,930 81
Total policy claims l,10o',203 15
Due on account of salaries, rents and office expenses 85 000 00
Additional reserve, liability department 400 000 00
Total liabilities % 3,535,133 96
Joint stock capital paid up in cash $ 1,000,000 00
Divisible surplus | 2,883,31 1 66
EXHIBIT OF POLICIES.
Accident,
Amount. Premiums
thereon.
Policies written or renewed during the year $ 540,061,794 $ 2,309,588 37
Policies terminated 525,127,123 1,275,107 37
Net in force at December 31, 1902 298,928,790 1,516,576 72
Employers^ Liability.
Amount.
Premiums
thereon.
Policies written or renewed during the year $ 203,398,333 $ 2,047,354 69
Policies terminated ] 57,763,333 1,656,279 28
Net in force at Deoeinber 31, 1902 171,608,333 1,449,324 99
Health.
Amount. Premiums
thereon.
Policies written or renewed during the year $ 7,561,572 $ 122,890 03
Policies terminated 6,287,624 103,18138
Net in force at December 31, 1902 0,401,657 103,837 98
2-3 EDWARD VII. SESSIONAL PAPER No. 8 A. 1903
STATEMENTS
OF
INSURANCE COMPANIES
WHICH DO
LIFE, k INSURANCE BUSINESS ON THE ASSESSMENT PLAN.
List of Companies by which the business of Life Insurance on the Assessment Plan
was transacted in the Dominion during the year ended December 31, 1902 : —
The Grand Council of the Catholic Mutual Benefit Association of Canada.
The Commercial Travellers' Mutual Benefit Society.
The Canadian Order of the Woodmen of the World.
The Supreme Court of the Independent Order of Foresters.
List of Companies by which the business of Sickness and Disability Insurance on
the Assessment Plan was transacted in the Dominion during the year ended December
31, 1902 :—
The Supreme Court of the Independent Order of Foresters.
463
2-3 EDWARD VII. SESSIONAL PAPER No. 8 A. 1903
THE GRAND COIJNCIL OF THE CATHOLIC MUTUAL BENEFIT
ASSOCIATION OF CANADA.
Statement for the Year ending December 31, 1902.
President — Hon. M. F. Hackett. | Secretary and Chief Agent — John Joseph Behan.
Principal Office — Kingston, Ont
(Organized February 10, 1880; incorporated in Ontario, January 18, 1890; registered
in Ontario, August 22, 1892 ; incorporated in Dominion of Canada under 56
Vic, cap. 90, assented to April 1, 189.3, and registered in the Dominion
December 27, 1894.)
ASSETS.
Cash as shown on books at head office $ 17,863 00
Cash in baiiks, including interest, viz :—
Ontario Bank, Kingston, Ont % 15,637 54
Canadian Bank of Commerce, London 15,060 69
Merchants Bank of Canada, London, Ont . 22,943 46
Bank of British North America, London, Ont 21,155 44
„ Toronto, London, Ont 16,743 17
Montreal, London, Ont 15,769 04
Eastern Townships Bank, Stanstead, P.Q 15,749 03
Bank of Nova Scotia, Halifax, N.S 16,468 17
Total 139,526 54
Cash in Treasurer's hands ". . . 272 59
Supplies, office furniture and safe 600 00
Total : .f 158,262 13
OTHER ASSETS.
Assessments due and uncollected on policies in force $ 28,602 34
Per capita tax, initiation tax, supplies and medical examiners' fees 5,433 72
Total outstanding , 34,036 06
Total assets $ 192,298 19
I LIABILITIES.
Claims for death losses unadjusted but not resisted .". $ 41,250 00
Total amount of unsettled claims .f 41,250 00
Claims reported after statement was made up 9,000 00
Due on account of general expenses 2,486 01
Total $ 52,736 01
8—30 465
466 DEPARTMENT OF FINANCE— INSCfRANCE BRANCH
2-3 EDWARD VII., A. 1903
CATHOLIC MUTUAL BENEFIT ASSOCIATION.-- CWc/itc^ec^.
INCOME.
Gross amount paid by members to the Association or its agents with-
out deduction for commissions, or other expenses, as follows : — -
Membership fees — supplies and policies $ 1,650 72
Annual dues — per capita tax 15,813 15
Medical examiners' fees 923 00
Assessments 238,615 50
Total paid by members I 257,002 37
Interest 4,315 03
Premiums on jjuarantee bonds 673 88
Total income $ 261,991 28
EXPENDITURE.
Cash paid for death losses ($20,000 of which accrued in 1901) . $ 209,000 00
Medical examiners' fees, whether paid direct by members or otherwise.. 1,073 00
Salaries and other expenses of officials and agents 5,567 54
Taxes, licenses, fees or fines 272 33
Miscellaneous payments : — Organizers and canvassers, |4,850.30 ; ex-
penses of meetings of the Trustee Board, $813.40; Official
Journal, printing and supplies, $6,268.21 ; postage, telegrams, ex-
change and stationery, $625.10 ; premiums on guarantee bonds for
officers, $580 ; auditors, $173.35 ; office rent, fuel, &c., $271.30. . 13,581 66
Total expenditure $ 229,494 53
MISCELLANEOUS.
Number of new policies reported during the year as taken in
Canada 1,762
Amount of said policies ; $ 2,032,000 00
Number of policies become claims during the year 145
Amount of said claims , 230,000 00
JNumber of policies in force in Canada at date 17,088
Net amount in force at December 31, 1902 23,632,000 00
EXHIBIT OF POLICIES.
No. Amount.
Policies in force at beginning of year (whole life) 15,975 $ 22,357,000
JS'ew policies issued 1,762 2,032,000
Old policies, changed and increased 42,000
Total 17,737 $ 24,431,000
Deduct terminated: —
•
No. Amount.
By death 145$ 230,000
By] surrender , . . 50 54,00<)
By lapse 454 507,000
By'change and decrease 8,000
Total terminated ... 649 799,000
Policies in;;force December 31, 1902 (whole life) 17,088 $ 23,632,000
ASSESSMENT INSURANCE COMPANIES
SESSIONAL PAPER No. 8
467
THE COMMERCIAL TRAVELLERS' MUTUAL BENEFIT SOCIETY.
Statement for the Year ending December 31, 1902.
President — George Anderson.
Secretary and Chief Agent —
Miss Etta M. Rowley.
Prijicipal Office — Toronto.
(Organized 1881 ; incorporated January 27, 1882, under the provisions of the Revised
Statutes of Ontario, 1887, cap. 167. Commenced business in Canada, July, 1881.)
assets.
Amount secured by way of loans on real estate by bond or mortgage
(first liens) $ 14,200 00
Debentures owned by the Society :■ —
Par value. Z^''L'^
account.
City of Vancouver debentures $ 10,000 00 $ 11,019 19
Town of Bracebridge „ 6,045 29 6,130 69
Total par and account values $ 16,045 2y $ 17,149 88
Carried out at value in account 17,149 ^%
Cash in Dominion Bank 6,638 46
Office furniture 330 00
Total $ 38,318 34
OTHER ASSETS.
Interest accrued 274 03
Total assets $ 38,592 37
LIABILITIES.
Claims for death losses, adjusted but not due \ 2,000 00
Dues paid in advance. • . ,., . , 64 00
Assessments paid in advance 268 25
Items in suspense 28 10
Total liabilities $ 2,360 35
8-301
468 DEPARTMENT OF FINANCE-INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
THE COMMERCIAL TRAVELLERS'-Conc^W^rf.
INCOME.
Gross amount paid by members to the Society or its agents, without
deduction for commission or other expenses, as follows : —
Membership fees I 62 00
Annual dues 3,462 00
Assessments 34,596 69
Total paid by members $ 38,120 69
Interest 1,658 35
Total income $ 39,779 04
EXPENDITURE.
Cash paid for death losses ($7,000 of which accrued in previous years) . $ 36,000 00
Taxes 117 79
Commissions, salaries and oth^r expenses of officials 1,588 33
Miscellaneous payments : — Printing and stationery, $272.08 ; postage,
$384.33 ; advertising, $48.14 ; petty expenses, $221.96 ; rent, $250 ;
telephone, $45 ; legal expenses, $91 ; auditors and scrutineers,
$213.75; travelling expenses, $57.25; fire insurance, $3.25 ; com-
mission, $33 ; medical director, $100 ; medical fees, $78 ; written
off office furniture, $30 1,827 76
Total expenditure $ 39,533 88
MISCELLANEOUS.
Number of new policies reported during the year as taken in Canada... 34
Amount of new policies ... $ 34,000 00
Number of policies become claims during the year (25 lives) 31
Amount of said claims 31,000 00
Number of policies in force in Canada at Dec. 31, 1902 1,853
Amount of said policies 1,853,000 00
EXHIBIT OF POLICIES.
No. Amount.
Policies in force at beginning of year (whole life) 2,391 $ 2,391,000 00
New policies issued 34 34,000 00
2,425 $ 2,425,000 00
No. Amount.
Policies tenuinated by death 31 •$ 31,000 00
lapse 541 541,000 00
572 572,000 00
Policies in force December 31, 1902 (whole life) 1,853 $ 1,853,000 00
ASSESSMENT INSURANCE COMPANIES M
SESSIONAL PAPER No. 8
CANADIAN ORDER OF THE WOODMEN OF THE WORLD.
Statement fob the Year endino Decembeb 31, 1902.
Head Consul Commander —
C. C. HODGINS.
Head Clerk and Chief Agent —
W. C. Fitzgerald.
Hea'X OJice — London, Ont.
(Incorporated, April 1, 1893, by 56 Vic, cap. 92. Commenced business, July 6, 1893.)
ASSETS.
Amount secured by way of loans on real estate, by bond
first liens
or mortgage,
$
19,020 50
Bonds or debentures owned, viz.: —
County of Middlesex 3i p.c. debentures
Canadian Savings and Loan Company debentures .
Village of Watford debentures
Cost value.
.. $ 12,600 00
5,000 00
2,485 89
Huron and Erie Loan and Savings Co.'s debentures
Missouri debentures
Clinton debentures
Total cost value
.5,000 00
5,000 00
. . . 14,907 44
. $ 44,993 33
Carried out at cost value
44,993 33
428 10
Cash at head office
Cash in banks, viz.: —
Dominion Bank (special deposit)
$ 5,000 fK)
Canadian Bank of Commerce (savings department)
ir M (current account) ^. , .
2,632 13
. . 6,420 54
14,052 67
98 05
Agents' ledger balances
All other ledger assets
300 00
^
Total ledger assets
OTHER ASSETS.
Rents due .
$
78,892 65
20 00
Assessments due and unpaid on membership in force
Annual dues in process of collection
Total due from members
... $ 6,966 94
1,159 50
8,126 44
Interest (Ju and accrued
836 13
lotal assets
$
87,875 22^
470 DEPARTMENT OF FINANCE— INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
WOODMEN OF THE W QUIA)— Continued.
LIABILITIES.
Claims for death losses unadjusted but not resisted $ 9,000 00
Due on account of loans 6,400 00
ti general expenses 287 80
All other liability 619 80
Total $ . 16,307 60
■ 1
1,542 00
15,646 46
1,542 00
73,633 55
. $
92,364 01
168 00
1,263 61
183 66
12 45
186 83
lis 00
. 1
94,293 56
INCOME.
Gross amounts paid by members to the association or its agents, with-
out deduction for commissions or other expenses, as follows : —
Membership fees
Annual dues
Medical examiners' fees
Assessments '.
Total
Cash received for certificate fees
Received for interest or dividends on stock, (fee
Cash received for supplies .....
Sundries
Premium on bonds on sub-officers
Amount received for rents
Total income during the year
EXPENDITURE.
Cash paid for death losses and monuments ($11,000 of which accrued
in 1901) $ 50,642 18
Medical examiners' fees, whether paid direct by members or not 1,542 00
Commissions or fees retained by or paid to members 1,542 00
Total paid to policy-holders $ 53,726 18
Commissions, salaries and other expenses of officials .' . 4,641 68
Licenses, taxes, fees or fines 137 95
Miscellaneous expenditure, viz. : — -Printing and supplies, $1,241.84 ;
organization, $7,973.55 ; postage, express, telegrams, <fec., $796.15 ;
interest, $181.50; auditor, $375.00; guarantee bonds, $257.13;
Bell Telephone, $39.25; miscellaneous, $31.93; office equipment,
$23.92; rent, $549.97; re Reid and C. O. W. O. W., $545;
"Canadian Woodman," $1,482.67; R. G. Dunn & Co., $100;
grant to Queen City band, $50; expense re sick benefit, $11.90 ;
mileage and per diem of head camp, $1,073.85 14,733 66
Total expenditure $ 73,239 47
ASSESSMJiJNT INSURANCE COMPANIES 471
SESSIONAL PAPER No. 8
WOODMEN OF THE V7 OUlAy— Concluded.
MISCELLANEOUS.
Number of new policies reported during the year as taken in
Canada 1,542
Amount of said policies $ 1,423,000 00*
Number of policies become claims in Canada during the year . . 38
Amount of said claims (not including for monuments) 47,000 00
Number of policies in force in Canada at date 7,804
Net amount in force, December 31, 1902 9^076,500 OG
EXHIBIT OF POLICIES.
No. Amount.
In force at beginning of year • 7,112 $8,486,000
New policies issued , 1,542 1,423,000
Old policies revived 3 3,000
8,657 $9,912,000
Deduct terminated 853 835,500
In force at end of year 7,804 $9,076,500
DETAILS OF TERMINATIONS.
No. Amount.
Terminated by death 38 $ 47,000
surrender 12 17,000
lapse 760 725,000
Policies cancelled 12 16,000
II withdrawn 31 30,500
Total terminated 853 $835,500
472 DEPARTMENT OF FINANCE— INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
SUPREME COURT OF THE INDEPENDENT ORDER OF FORESTERS.
Statement for the Year ending December 31, 1902.
Supreme Chief Ranger —
Oronhyatekha, M. D.
Principal Office — Toronto.
Supreme Secretary —
John A. McGillivray, K.C.
Chief Agent — Oronhyatekha, M. D.
(Incorporated by 52 Vic, cap. 104, assented to May 2, 1889 ; amended by 59 Vic, cap.
51, assented to April 23, 1896; amended in 1901 by 1 Edward VII., cap. 100.
Licensed to transact business in Canada, May 1, 1896.)
assets as per ledger accounts.
Value of Temple building (less amounts written off) . $ 654,732 49
Value of real estate (on foreclosure) held by the company 89,070 68
Amount secured by way of loans on real estate, by bond or mortgage
(first liens) 3,024,254 57
Stocks, bonds or debentures, viz. : —
Par value. Cost value.
Canada 3J p.c. stock in deposit with Receiver General,
Ottawa $ 100,000 00 $ 100,000 00
Town of Uxbridge debentures 9,000 00 9,033 75
Lucknow
II Mattawa
Forest (A)
Forest (B)
Town of Essex
11 Watford
II Milton
M Simooe
Village of Kingsville
Town of Sault Ste. Marie
II Prince Albert
City of Vancouver
Ayr Township school
Town of Cainpbellford
Town of Hagersville
II Brampton
5,000 00 5,100 00
3,112 06 3,112 06
3,988 14 3,998 47 .
1,140 53 1,143 45
6,682 39 6,856 91
3,992 47 4,045 54
1,055 46 1,060 70
3,000 00 3,079 20
2,561 32 2.576 68
6,000 00 6;087 59
7,000 00 7,285 66
5,000 00 5,157 50
2,200 00 2,227 20
18,334 59 18,723 93
3,111 86 3,121 81
7,653 50 7,682 04
Toronto Junction debentures 7,400 00 7,400 00
*United States 4 p.c. bonds 50,000 00 56,758.36
Union Trust Co. stock 846,680 55 1,042,280 55
Victorian Govt, stock 9,733 33 9,83144
Victorian 3 per cent Govt, stock 24,092 40 24,335 31
West Australia Govt, stock 48,666 67 48,666 67
Queensland Govt, debentures 48,666 67 48,765 00
South Australia stock 24,333 .33 24,333 33
Royal Mortgage Bank of Norway bonds 40,109 90 36,968 99
Denmark Govt. Real Estate bonds 38,505 50 36,894 66
Total par and cost values |tl,327,020 67 $1,526,526 80
Carried out at cost value 1,526,526 80
•Deposited in the State of Wisconsin.
ESSMENT INSURANCE COMPANIES 473
SESSIONAL PAPER No. 8
INDEPENDENT ORDER OF FORESTERS— Con<tnt*«<
ASSETS AS PER LEDQER ACCOUNTS — Concluded.
Bonds in deposit with High Court of Chancery, London, Eng., viz.: —
Canada Intercolonial loan of 1903, par value $86,140; cost value $ 95,610 17
Assets of Provincial Trust Co., account value (including $50,800.85 cash) 82,654 50
Cash loan to government of New Brunswick , 20,000 00
„ at India office 346 95
Cash in banks, viz. : —
Bank of Ottawa, Toronto $ 21,550 65
National Bank, London, Eng 13,566 19
National Bank, India 1,328 37
Mercantile Bank, India 787 33
Comptoir National Bank, Paris, France 65 46
Standard Bank, Toronto 148,360 84
II I. (Investment account) 3,388 09
Bank of New South Wales, Brisbane, Australia 15,218 86 ^ u ' .
Sydney, „ 11,141 (^ ^ r^^ \ ^
Adelaide, ,. 2,755 45 ^J^ (,"?>•
Melbourne, „ 18,01101 "^^^ nt?^
sundry plat^es, „ 8,580 42 ^ 7'
Western Australian Bank, Perth, m (current account) . . . 5,073 15
Central Bank, Christiana 754 17
Union Trust Co., Toronto 29,717 27
280,298 94
Special deposits : —
Bank of Ottawa, Toronto, re deposit for France $ 10,000 00
Standard Bank, Toronto 50,000 00
, , 1,500 00
Mercantile Bank of India 10,000 00
National Bank of India 10,000 00
Union Trusts Co., Toronto, re investments 100,000 00
Total 181,500 00
Cash in transit to Australia (£1,500) 7,299 90
Other ledger assets 2,091 85
Total ledger assets $ 5,964,386 85
OTHER ASSETS.
Interest due $ 33,259 55
M accrued 44,426 77
Total carried out 77,686 32
Rents due 3,417 80
II accrued 141 15
Total carried out 3,558 95
Office furniture at head and branch offices after deducting for deprecia-
tion . . 25,857 17
Saleable supplies on hand 39,713 53
Amount due from branche.^ of the Order for supplies 34,075 17
Due from subordinate courts for assessments 1,175 49
Assessments actually called, not yet turned over to Supreme body. . . . 2,271 89
Fire insurance re investments 2,961 05
Temporary. payments re investments 7,307 13
Total assets $ 6,158,993 55
474 DEPARTMENT OF FINANCE— INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
INDEPENDENT ORDER OF FORESTERS— Con^mwed
LIABILITIES.
Claims for death losses : —
Unadjusted but not resisted .$ 140,966 62
Reported after close of books 54,653 83
Resisted— in suit • 12,866 70
n not in suit 12,5fK) 00
Total claims for death losses $ 220,987 15
Claims for disability benefits due and unpaid 2,500 00
Claims for disability benefits unadjusted , . . . . 71,250 00
Claims for sickness benefits due and unpaid , 1,811 32
Claims for sickness benefits unadjusted, estimated 10,000 00
Present value of unpaid instalments of old age annuities 106,924 80
Claims for funeral benefits due and unpaid 1,450 00
Due on account of expenses 5,848 24
Advance assessment •. 6,349 15
Total liabilities (excluding reserves for unmatured benefits) $ 427,120 66
INCOME DURING THE YEAR.
Mortuary Department.
Extension of the Order tax . . , $ 236,273 52
Certificate and membership fees 7,706 81
Change of beneficiary ...>... 3,003 99
Assessments — mortuary (less refunds) , 2,609,923 90
Total paid by members — Mortuary Department | 2,856,908 22
Sick and Funeral Department.
Cash received for enrolment and registration fees $ 8,999 39
Assessments (sick and funeral) ^ 222,246 19
Total paid by members. (Sick and Funeral Dept.) 231,245 58
Total paid by members I 3,088,153 80
Cash received for interest 214,381 02
Net rents re Temple (less expenses) 7,279 98
Sundry refunds 1,355 68
Total cash income $ 3,311,170 48
EXPENDITURE DURING THE TEAR.
Cash paid during the year for death claims % 1,451,234 68
Cash paid for total and permanent disability claims 96,867 50
II old age annuities 17,100 00
II expectation of life benefits 1,600 00
II funeral claims 12,832 88
II sickness claims 166,856 64
Total paid to members $ 1,746,491 70
ASSESSMENT INSURANCE COMPANIES 475
SESSIONAL PAPER No. 8
INDEPENDENT ORDER OF FORESTERS— Con^mwed
EXPENDITURE — Concluded.
Salaries of officers 29,779 91
II office employees 77,610 09
n organizers 114,514 18
Organizing expenses 106,940 37
Supplies purchased (net) 8,118 26
Official organ 42,173 87
State and government taxes 1,527 85
Miscellaneous experses, viz.: —
Furniture and furnishings, $5,152.04 ; travelling expenses,
$11,251.50, advertising, $49,014.78; rents, &c., $12,804.59 ;
legal expenses, $14,897.69 ; legislation, $160.25 ; postage,
telegrams, express, &c., $8,016.06; executive expenses, $936. 80;
medical examinations, $1,990.89 ; branch office expenses,
$59,733.39 ; accident insurance, $100 ; fraternal congress,
$2,619.8") ; bonds, $55 ; commissions and expenses re loans,
$6,301.20; total and permanent disability fees, $115 ; valu-
ator's salary and expenses, $2,431.71 ; investigating claims,
$1,237.64; income tax re investments, $5,185.22; Manitoba
land expenses, $1,902.04 ; general expenses, $17,986.71 ; office
expenses, stationery, &c., $15,518.39; actuary's salary and
expenses, $5,181.64; triennial meeting of Supreme Court,
$88,871.69 ; engineer's sundries and repairs, $2,949.24 314,413 32
Total expenditure during the year $ 2,441.569 55
MISCELLANEOUS (MORTUARY DEPARTMENT).
Number of new policies reported during the year as taken. . . 30,101
Amount of said policies $ 24,509,500 00
Number of policies become claims during the year 1,280
Amount of said claims 1,551,535 53
Number of policies in force at date ... 205,369
Amount of policies in force December 31, 1902 226,849,500 00
Number and amount of policies terminated during the year : —
No. Amount.
1. By death 1,278$ 1,452,068 03
2. By lapse 15,538 13,220,364 47
3. By maturity (annuity benefits) 17,100 00
4. „ (expectation of life) 2 1,600 00
5. By old age disability 500 00
6. By total and permanent disability 97,367 50
7. By change and decrease 199,500 00
16,818 $ 14,988,500 00
No. Amount.
Policies in force at beginning of year 192,086 $ 217,027,500
Policies issued during the year 30,101 24,509,500
Policies changed and increased 301,000
Policies terminated as above 16,818 14,988,500
Policies in force at date of statement 205,369 226,849,500
(Including 914 expectation of life policies for $1,340,500.)
478 DEPARTMENT OF FINANCE-INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
INDEPENDENT ORDER OF FORESTERS- C'oni^mi^erf.
SICK AND FUNERAL DEPARTMENT.
Amount of claims arising during the year (sickness) $ 167,041 63
u .. .. (funeral) 13,482 88
Number of new insurers during the year 5,060
ti insured in sickness dept. at December 31, 1902. . 39,770
BUSINESS DONE OUTSIDE OF CANADA.
(Included in above Statement.)
ASSETS OUTSIDE OF CANADA.
Value in account of stocks, bonds or debentures $ 382,163 93
Cash in India office 346 95
Cash in bank 77,282 09
Special bank deposits 20,000 00
Total assets outside of Canada $ 479,792 97
LIABILITIES OUTSIDE OF CANADA.
Claims for death losses due and unpaid $ 81,449 95
II M reported after close of books 25,853 83
II n resisted — in suit 11,866 70
M ir resisted — not in suit 7,500 00
Total death claims outstanding $ 126,670 48
Claims for disability benefits— due and unpaid $ 500 00
reported 42,000 00
Total disability claims outstanding 42,500 00
Sickness claims due and unpaid 599 94
Funeral benefits due and unpaid 450 00
Present value of amounts not yet due on old age instalments , . 5,957 15
Total liabilities outside of Canada (excluding reserves for
unmatured benefits) $ 176,177 57
PAYMF^NTS BY MEMBKRS (OUTSIDE OF CANADA).
Cash received for membership and certificate fees $ 5,856 31
It extension of Order tax 144,722 67
If enrolment fees (Sick and Funeral Department) 2,437 39
I.I change of beneficiary 2,185 99
II assessments (mortuary) 1,653,636 00
II II (Sick and Funeral Department) 65,361 94
Total paid by members outside of Canada $ 1,874,200 30
ASSESSMENT INSURANCE COMPANIES 07
SESSIONAL PAPER No. 8
INDEPENDENT ORDER OF FOUESTER^— Continued.
PAYMENTS TO MEMBERS (OUTSIDE OF CANADA).
Cash paid for death claims | 685,788 37
., disabihty benefits 54,964 99
n funeral claims 3,303 34
II sick benefit claims 46,557 05
II old age annuities 800 00
Total paid to members outside of Canada $ 791,413 75
MISCELLANEOUS.
Number of new policies reported during the year as taken outside
of Canada 21,969
Amount of said policies $ 17,672,500 00
Number of policies become claims during the year outside of
Canada 614
Amount of said claims 741,020 04
Number of policies in force outside of Canada, December 31,
1902 - 127,342
Amount of said policies 140,394,500 00
SICK AND FUNERAL DEPARTMENT.
Amount of claims occurring during the year outside of Canada
(sickness) $ 46,773 46
Amount of claims occurring during the yeai outside of Canada
(funeral) 3,353 34
Number of new insurers during the year outside of Canada. . 1,705 .
Number of insured in sickness department at December 31,
1902, outside of Canada 1 1,647
SUMMARY OF ACCOUNTS I. O. F., 1902.
I. — MORTUARY ACCOUNT.
Balance of funds, January 1, 1902 I 5,198,965 94
Assessments 2,609,923 90
Interest 214,381 02
Sundry refunds 1,355 68
$ 8,024,626 54
Paid for claims $ 1,566,802 18
5 per cent deductions from assessments 130,757 46
Transferred to general account 141,266 14
171,272 35
$ 2,010,098 13
Balance of fumls, Decanber 31, 1902 I 6,014,528 41
478 DEPARTMENT OF FINANCE— INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
INDEPENDENT ORDER OF FORESTERS— Conc/itc/ec^.
II. SICK AND FUNERAL ACCOUNT.
Balance of funds at January 1, 1902 $ 173,144 25
Assessments *..... 222,246 19
$ 395,390 44
Paid for sick and funeral claims $ 179,689 52
5 per cent deductions from assessments 11,158 16
$ 190,847 68
Balance of funds, December 31, 1902 $ 204,542 76
III.— GENERAL ACCOUNT.
Receipts 1902 -.—Sundry fees | 19,710 19
Extension of the Order Tax 236,273 52
Interest and rents .^ . . 7,279 98
5 per cent from Mortuary Assessments 130,757 46
5 per cent from Sick and Funeral Assessments. ... 11,158 16
Total income for year $ 405,179 31
Amounts transferred from Mortuary Account 141, 26() 14
171,272 35
Total -. . . $ 717,717 80
Total net expense. of Order for year $ 695,077 85
Defict at December 31, 1901 . 277,324 27
% 972,402 12
^Balance— total deficit December 31, 1902 $ 254,684 32
1. Mortuary Fund, December 31, 1902 $ 6,014,528 41'
2. Sick and Funeral Fund, December 31, 1902 204,542 76
$ 6,219,071 17
3. Deficit— General Account '. . . 254,684 32
Balance net ledger assets (as above) . $ 5,964,386 85
* (To provide the overdraft in the General Account, loans of $148,407.69 have teen made from tlie
Mortuary Fund and $110,994.55 from the Sick and Funeral Benefit Fund, leaving the actual ledger assets
in those funds at December 31, 1902, as follows : — Mortuary Fund, $5,860,120.72, and Sick and Funeral
Fund, $93,548 21 ; the balance, $4,717.92, remaining in the General Fund.)
2-3 EDWARD VII. SESSIONAL PAPER No. 8 A. 1903
APPENDIX A
GENERAL STATEMENTS OF BRITISH COMPANIES
TEAE END-ING DECEMBER 31, 1902.
(Received too late for pitblication with the Statements of their Canadian Business,)
2-3 EDWARD VII. SESSIONAL PAPER No. 8 A. 1903
THE GUARDIAN ASSURANCE COMPANY (LIMITED).
General Business Statement for the Year ending December 31, 1902.
(For Statement of Canadian Business, see page ^.)
Fire Department.
(Including Burglary Insurance Business.
The fire and burglary insurance premiums, after deducting reinsurances, amounted in 1902 to
£451,322 16s. 3d., as against £423,651 13s. Od. in 1901, showing an increase of £27,671 3s. 3d., and the
losses after making the same deduction, to £238,157 19s. 3d., as against £250,784 14s. Od. in 1901, a de-
crease of £12,626 14s. 9d.
The percentage of the losses upon the fire and burglary insurance premiums for 1902 was 52 "77 as
against 59 19 in 1901. The expenses and commission together amounted, in 1902, to £165,781 4s. 4d., being
36 • 74 per cent on the premiums, as compared with 33 " 45 per cent in 1901.
After providing for losses, income tax on profits and bad debts, and for the additional premium
reserve (£11,247 12s. Od.) required by the increase in premiums during the year, there was a profit on the
trading account of £35,638 16s. lid. Adding to this the interest on the reserve funds, which amounts to
£20,830 4s. 7d., there results a profit of £56,469 Is. 6d. Of this a further sum of £4,682 2s. 2d., has beer>
carried to the premium reserve fund, to increase the reserve to cover the unexpired liability on burglary
insurance policies current at the end of the year to 40 per cent of the annual premiums. The directors
have also increased the general fire reserve fund by £20,000, leaving a balance of £31,786 19s. 4d., to be
transferred to profit and loss. The premium reserve fund now amounts to £198,916 5s. lid., and the
general reserve fund to £392,500, making the total fund in this department £591,416 5s. lid., as against
£555,486 lis. 9d., at December 31, 1901.
8—31 481
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GENERAL STATEMENTS OF BRITISH COMPANIES
SESSIONAL PAPER No. 8
489
THE ROYAL INSURANCE COMPANY.
General Business Statement for the Year ending December 31, 1902.
(For Statement of Canadian business, see pages 126 and 333.)
Fire Account.
£ s. d. . £ 8. d.
Amount of fire fund at the begin- Losses by fire after deduction of re-
ning of the year 928,000 0 0 insurance 1,446,276 8 0
Premium'' received after deduction Commission 390,729 14 5
of reinsurances. . 2,763,521 4 8 Expenses of management 561,407 13 3
Amount carried to
profit and loss . £365,107 9 0
Less added to fire
fund 200,000 0 0
165,107 9 0
Amount uf fire fund at the end of
the year as per balance sheet 1,128,000 0 0
£3,691,521 4 8
£3,691,521 4
Profit and Loss Account.
£ s. d.
Balance of last year's account 589,217 3 5 Interim dividend for 1902
Less balance of dividend for 1901. , . 130,629 0 0 Income tax
Balance carried forward . .
Interest and divi-
dends not carried
to other accounts £118,764 13 8
Less interest t o
suj^erannuation
fund 1,644 18 0
Transfer fees .
Amount from fire
account £365,107 9 0
Less added to fire
fund 200,000 0 0
£458,588 3 5
112,119 15 8
43 14 0
165,107 9 0
£ s. d.
117,566 2 0
2,187 10 0
616,105 10 1
£ 735,859 2 1
£ 735,
2 1
Life Assurance Account.
£ s.
Amount of life assurance fund at
the beginning o!^ the year 7,532,750 19
Premiums after deduction of reassur-
ance premiums 639,320 7
Interest 276,037 13
Assignment fees . . 296 5
d. £ s. d.
Claims under life policies, including
8 reversionary bonuses (after deduc-
tion of sums reassured) 547,147 12 11
6 Surrenders 49,749 18 6
3 Bonuses in cash 5,178 10 1
0 Commission 31,712 14 9
Expenses of management 48,871 14 10
Amount of life assurance fund at
the end of the year as per balance
sheet 7,765,744 14 4
£8,448,40.0 5 5
£8,448,405 5 5
Amount of annuity fund at the be-
ginning of the year
Consideration for annuities granted
Interest
Annuity Account.
£ 8. d.
Annuities ...
514,517 9 0 Surrenders
90,877 5 10 Commission
18,739 3 6 Expenses of management
Amount of annuity fund at the end
of the year as per balance sheet . .
£ 624,133 18 4
£ s. d-
46, .587 5 10
250 0 0
1,289 13 4
975 3 4
575,031 15 10
£ 624,133 18 4
490 DEPARTMENT OF FINANCE— INSURANCE BRANCH
2-3 EDWARD VII., A. i903
ROYAL — CoutijiueU.
Balance Sheet on Dpx'ember 31, 1002.
LIABILITIES. £ S. d, ASSETS. £ 8. d.
Shareholders' capital 391,887 0 0 Mortgages on freehold and lease-
Reserve fund 1,582,303 11 7 hold property within the United
Life assurance fund 7,765,744 14 4 Kingdom :—
Annuity fund 575,031 15 10 City i^roperty,
Fire fund. ^ 1,128,000 0 0 England £844,533 0 8
Perpetual insurance account ... . . 39,387 7 8 City property,
Superannuation fund 56,475 11 9 Scotland 163,566 15 0
Profit and loss (subject to dividend Landed property
payable June 17 next) 616,105 10 1 England .....: 906,418 17 5
Landed pi-operty
£12,155,025 11 3 Scotland 220,000 0 0
Claims under life 2,134,518 13 1
policies admitted Mortgages on freehold property out
but rot paid .... £ 62,598 14 0 of the United Kingdom 219,988 15 5
Outstanding fire Reversions and life interests 187,549 7 1
losses 187,608 12 2 Loans on the company's life policies
Unclaimed dividends 8,372 6 11 within their surrender value 401,729 2 9
Outstanding accounts Investments: —
(since paid) 15,842 118 . British government securities .. . 415,974 2 6
Billspayable(sincepd.) 65,419 17 1 Colonial government securities .. 149,190 18 5
339,842 110 Foreign government securities .. . 49,933 13 3
United States government securi-
ties 133,764 11 6
United States railways mortgage
bonds 708,928 0 1
United States railways guaranteed
stocks 361,554 7 3
Colonial provincial bonds 14,158 16 0
Colonial municipal bonds 30,305 0 10
State bonds in the United States. 19,784 5 4
Municipal bonds in the United
States 547,165 0 9
Municipal bonds, foreign 11,604 3 0
Railway debenture stocks : —
England .... 378,949 5 5
Scotland 35,077 11 10
Wales 11,631 2 9
Foreign 24,160 18 2
Railway guaranteed and preference
England £ 1, 830, 284 5 6
Scotland 149,353 8 2
Wales 41,918 19 1
Indian and colo-
nial 234,464 10 11'
449,818 18 2
2,256,021 3
Railway preferred ordinary stocks : —
England 168,084 7 2
Scotland 153,794 13 0
321,879 0 2
Railway ordinary stocks 70,333 1 8
Gas and dock companies' bonds .. . 507,781 9 1
Ponds of other incorporated com-
panies 296,471 17 1
Stock of other incorporated com-
panies 55,221 15 4
Freehold ground rents, England and
Scotland 61,416 0 10
Freehold buildings : —
England . . 848,191 14 9
Scotland 67,859 13 2
Ireland 7,000 0 0
India and colo-
nies 262,538 15 3
United States. . , 373,868 5 7
Other foreign
countries 115,456 17 10
1,674,915 6 7
GENERAL STATEMENTS OF BRITISH COMPANIES 491
SESSIONAL PAPER No. 8
ROYAL — Concluded.
Balance Sheet — Co7icluded.
LiABiiLiTiES— Con. £ . s. d. ASSETS— Cow. £ s. d.
Leasehold buildings 129,401 3 0
Loans to various towns and town-
ships on security of the rates : —
England £ .351,660 19 11
Scotland 8,323 1 9
359,984 1 8
Loans on English and Scottish rail-
way and other securities, with
margins 183,682 8 11
Agents' balances (since received) . . . 158,469 6 3
Outstanding premiums ,. ... 29,313 2 10
Outstanding intere.st .. ... 100,168 17 9
Cash in hand and on ciirrent account
with bankers 453,841 2 10
£12,494,867 13 1 £12,494,867 13 1
492 DEPARTMENT OF FINANCE-INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
SCOTTISH PROVIDENT INSTITUTION.
General Business Statement for the Year ending December 31, 1902.
(For Statement of Canadia7i business, see page S^-S.)
Revenue Account for thk Year ending December 31, 1902.
£ s. d. £ 8. d-
Amount of funds at beginning of the Claims unier policies (less reassured) 520,033 0 0
year 12,024,21110 4 Endowments 38,562 12 10
Premiums (less for reassurances). . . 650,452 10 5 Surrenders . .32,789 3 4
Consideration for annuities granted. 68,844 V 8 Annuities. 94,476 14 6
Interests, dividends and rents . . ... 468,600 14 4 Income tax 40,028 15 10
Eines for renewal of lapsed policies. 515 7 7 Commission (on assurances and an-
Tees for i-egistration of assignments. 235 10 0 nuities) 16,843 15 9
Expenses of management 66,728 3 10
Amount of funds at end of the year,
as per balance sheet. . 12,403,397 14 3
£13,212,860 0 4 £13,212,860 0 4
Balance Sheet as on December 31, 1902.
LIABILITIES. assets.
£ s. d. £ s. d.
Amount of funds as per revenue Mortgages on property within the
account— United Kingdom 2,925,471 0 5
Life assurance fund 12,403,397 14 3 Mortgages on property out of the
Claims admitted, but not paid 91,039 16 0 United Kingdom , 2,452,173 18 3
Surrender values unclaimed 6,087 11 10 Loans on the institution's policies,
Annuitie.s due. but not paid 1,298 17 6 within their surrender value 826,898 14 11
Commission on outstanding pre- Investments —
miums 2,295 0 7 Home government securities 2,9.55 0 0
Expenses unpaid 4,907 10 8 Colonial government securities. . . 82,157 16 8
Foreign government securities. . . 100,270 13 6
Railway and other bonds and de-
bentures —
Home and colonial. £470, 029 10 5
American sterling
and gold bonds.. 1,943,747 10 5
2,413,777 0 10
Debenture stock (£633, 916 4s. .3d.),
and preference and other stocks
(£1,202,369 6s. 5d.) 1,836,285 10 8
N.B.-The value of the marketable
securities is considerably higher.
Value of business premises in Ed-
inburgh and branches, and pro-
l>erty (yielding rental) held in
connection therewith 472,409 2 5
Value of reversions- 56,560 15 7
Loans on district and municipal
rates-
Home and colonial. £628, 977 15 6
Foreign 102,078 15 6
731,056 11 0
Loans on security of trust funds .. . 289,773 9 8
Loans on deposit with colonial and
other banks 58,35111 2
Loans on personal security, com-
bined with ix)licies of assurance.. 31,948 9 0
Premiums in course of collection at
head office and agencies 107,418 7 9
Outstanding interest (mostly since
received) 21,231 7 2
Interest accrued to December 31,
1902..... 95,070 18 0
Office furniture at head office and
branches 3,046 15 9
Cash on hand and on current account 2,013 13 5
Stamps on hand 155 14 8
£12,509,026 10 10 £12,509,026 10 10
GENEJtAL STATEMENTS OF BRITISH COMPANIES
49a
SESSIONAL PAPER No. 8
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2-3 EDWARD VII., A. 1903
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DEPARTMENT OF FINANCE—INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
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2-3 EDWARD VI!. , SESSIONAL PAPER No. 8 A. 190a.
k
LISTS OF CANADIAN DIRECTORS OR ADVISORY BOARDS OF BRITISH
COMPANIES.
Alliance Assurance Company, (Limited).
Hon. J. R. Thibaudeau, Chairman ; Jonathan Hodgson, James P. Dawes.
British Empire Mutual Life Assurance Company.
Thos. Fyshe, Wm. Molson Macpherson, Robt. MacDougall Paterson, A. A. Browne,
M.D.
Guardian Assurance Company, (Limited).
W. M. Ramsay, Chairman ; Hon. Alphonse Desjardins, Deputy Chairman ; R.
Wilson Smith, J. O. Gravel and W. H. Beatty.
Liverpool and London and Globe Insurance Company.
A. F. Gault, Chairman ; W. J. Buchanan, Deputy Chairman ; Samuel Finley,
E. S. Clouston, Hon. Sir Alexander Lacoste.
London and Lancashire Life Assurance Company.
Rt. Hon. Lord Strathcona and Mount Royal, Chairman ; R. B. Angus, Chas. R.
Hosmer, Chas. M. Hays, Henry Stikeman, E L. Pease.
London Guarantee and Accident Company, (Limited).
(Advisory Board.)
Sir William R. Meredith, Robert Kilgour and the Hon. George A. Cox.
North British and Mercantile Insurance Company.
Archibald Macnider, Chairman ; Hon. Geo. A. Drummond, Charles F. Sise and
G. N. Moncel.
Norwich Union Fire Insurance Society.
Thomas C. Patteson and J. J. Foy, K.C., M.P.P.
Ocean Accident and Guarantee Corporation, (Limited).
(Advisory Board).
William M. Ramsay, Chairman ; and Edward B. Greenshields.
Scottish Union and National Insurance Company.
(Advisory Board).
Hon. L. J. Forget, Thomas McDougall and C. F. Smith.
Standard Life Assurance Company.
James A. Gillespie, Chairman ; E. B. Greenshields, H. V. Meredith, Angus W.
Hooper, W. M. Ramsay.
8—32 . 497
2-3 EDWARD VII. SESSIONAL PAPER No. 8 A. 1903
APPENDIX B
LIST OF DIRECTORS
LIST OF SHAEEHOLDERS
AS AT DECEMBER 31, 190^
8— 32J 499
LIST OF SHAREHOLDERS
501.
SESSIONAL PAPER No. 8
THE ACCIDENT AND GUARANTEE COMPANY OF CANADA.
LIST OF DIRECTORS (As at December 31, 1902.)
Fred. E. Nelson, President ; James Morgan, Vice-President ; James Davidson, 2nd Vice-President ;
C, Holden, Wm. McMaster, Fred. Bacon, Henry Morton, J. A. U. Beaudry, O. Faucher, V.
Rogers, G. Sterling Ryerson, M. D., H. H. Beck ; G. I. Goddard, Managing Director.
LIST OF SHAREHOLDERS (As at December 31, 1902.)
J.
V.
Name .
Allan, Jno
Bacon, Fred
Beaudry, J. A. U..
Beck, H. H
Bacon, Thos. P....
Baumgarten, A . . .
Berwick, Dr. G. A.
Brush, Fred. S . .
Botterell, E. H . .
Brierley, Jas. S . . . .
Boxer, R. N. C . . .
Boxer, Mrs. S. S . .
Bartels, Francis
Boulter, Geo . . . .
Briggs, A. W
Carsley, S., Sr
Cameron, Hugh.. . .
Cumraings, A. C . .
Carsley, W. F
Copland, E. H .
Cypihot, Dr. Theo
Christmas, T. H.
Cameron, C. K. O
Cameron, Miss F. W
Coulson, Saml
Charbonneau, Nap , .
Cooper, R. H . . .
Cameron, Miss M A. K . . .
Davidson, Jas
Davidson, Mrs. Mary
Davidson, Christina
Ducharme, G. N
Dougall & Son, John
Duclos, Chas. A
Davidson, T. Chas ...
Darche, Dr. C. E
Drysdale, David
Day, Dr. Jno. L
Dickson, Dr. J. A
Elliott, Mrs. H. J
Fisk. Dr. Geo
Fisher, R. C
Forget, Rodolphe
Finley, Dr. F. G
Flanagan, C. J
Fraser, Simon
Fairbanks, E. B
Faucher, O
Goddard, G. I
Granger, A. O
Grose, Walter
Graham, Hugh
Gibbons, Geo. C.
Goddard, Mrs. L. N .
Gifmour, Geo. W , . . . .
Holden, J. C
Hutchinson, M., M.P.P....
Hersey, Randolph
Henshaw, Lieut. -Col. F. C.
Haram, Thos. W
Hosmer, Chas. R
Hagar, Jno. T
St. Hyacinthe, Que.
Montreal, Que
Toronto, Ont
Montreal, Que
St. Cunegonde, Que.
Montreal, Que
Residence.
Montreal, Que.
Winnipeg, Man.
Montreal, Que . .
Springhill, N.S.
Montreal,
Que.
St. Cunegonde, Que.
Montreal, Que ....
Three Rivers, Que.
Montreal, Que
Hamilton, Ont. .
Longueuil, Que..
Montreal, Que . .
Springhill, N.S,
Montreal, Que.
Philadelphia, U.S.
Montreal, Que
Hamilton, Ont ,
Montreal, Que.
Waterloo, Que
Montteal, Que.
Number
of
Shares.
25
30
20
20
20
20
20
10
10
10
10
10
2
50
10
50
30
25
20
20
10
10
10
5
10
10
5
5
60
100
20
10
10
10
10
10
5
20
10
10
50
25
10
10
5
2
1
20
200
25
25
10
10
10
10
30
50
25
20
10
10
10
Amount
Subscribed
for.
2,500
3,000
2,000
2,000
2,000
2,000
2,000
1,000
1,000
1,000
1,000
1,000
200
5,000
1,000
5,000
3,000
2,500
2,000
2,000
1,000
1,000
1,000
500
1,000
1,000
500
500
6,000
10,000
2,000
1,(K)0
1,000
1,000
1,000
1,000
500
2,000
1,000
1,000
5,000
2,500
1,000
1,000
500
200
100
2,000
20tO00
2,500
2,500
1,000
1,000
1,000
1,000
3,000
5,000
2,500
2,000
1,000
1,000
1,000
Amount
paid
in Cash.
500
600
400
400
400
400
400
200
200
200
200
200
40
1,000
100
1,000
600
500
400
400
200
200
200
100
200
200
100
100
1,200
2,000
400
200
200
200
200
200
50
400
100
1,000
500
200
200
100
40
20
400
4,000
500
500
200
200
200
1,000
500
400
120
200
200
502
DEPARTMENT OF FINANCE— INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
THE ACCIDENT AND GUARANTEE COMPANY OF CANADA-
LIST OF SHAREHOLDERS-Conciudcd.
-Concluded.
Name.
Hastings, W. A
Hoare, Chas. S , . .
Ingrain, William
Jones, Dr. O. M ....... . .
Lyman, F. Gold
Labatt, Theo
Leslie, W. S
Lambly, J. W
Lighthall, Geo. R
Leslie, F. B
Larmonth, E. A
Morgan, James
McMaster, Wm
Morton, Henry
Murphy, John
Miller, E. S
McMaster, Capt. J. A
Mackay, F. S
Morton, Phillips & Co
McArthur, Alex
McPhillips, Dr. F. X.. ..
McLagan, P. W
Macdonald, J. K
MacCarthy, H. F
Murray, Jno., Jr
Murray, Dr. R. L
McKinnon, A. A
Murray, W. H . . .
McLaren, W. D
Manitoba Assurance Co . .
McLurg, Dr. Jas
Martin, Dr. S. H
Nelson, F. E
Norris, W. G
Nelson, A. D
Nelson, C. H
NoWe, MissS. A
Ogilvy, John
O Cain, Jas
Papineau, Hon. A. C ;
Palmer & Son, J
Rogers, V. V
Ryerson, Dr. G. S
Ross & Sons, P. S.. .
Ralston, Mrs. A. J
Rothwell, E. E
Rondeau, C. W, H
Reid, Jno. B
Stearns, S P
Shillington, Dr. A. T
Scott, Rev. E
Scarff, C. E
Scott, W. D. B
Smith, W. W
Tarte, Eugene
Urquhart, D. P
Wilson, Ja3
Williams, R. W
Wilson, F. H
Walker, Jas
Williamson, D. . . . . . , . .
Watson, W. W
Wightman, A. R
Ward, Alfred
Wright, Robt
Watson, Mrs. F
Montreal, Que.
Victoria, B.C..
Montreal, Que.
Ottawa, Ont . . .
Montreal, Que.
Residence.
Vancouver, B.C.
Montreal, Qiie. .
Ottawa, Ont
Springhill, N.S.
Montreal, Que
Winnipeg, Man
SaultSt. Marie, Ont.
Waterloo, Que
Montreal, Que
St. Johns, Que .
Montreal, Que.
Ottawa, Ont. . .
Toronto, Ont.. .
Montreal, Que
Ottawa, Ont
Montreal, Que
Three Rivers, Que .
Montreal, Que . .
Hamilton, Ont
Montreal, Que
Number
of
Shares.
10
20
30
10
25
20
20
* 20
20
10
5
100
30
40
30
20
10
10
10
10
10
5
5
5
5
5
5
2
10
10
5
2
75
20
10
10
5
20
1
20
10
20
20
20
10
10
5
10
20
20
20
10
10
10
10
10
25
20
10
10
10
10
5
12
•10
10
2,337
Amount
Subscribed
for.
1,000
2,000
3,000
l,(iOO
2,500
2,000
2,000
2,000
2,000
1,000
500
10,000
3,000
4,000
3,000
2,OCiO
1,000
1,000
1,000
1,000
1,C00
500
500
500
500
500
500
200
1,000
1,000
500
200
7,5C0
2,000
1,000
1,000
500
2,000
100
2,000
1,000
2,000
2,000
2,000
1,000
1,000
500
1,000
2,000
2.000
2,000
1,000
1,000
1,000
1,000
1,000
2,500
2,000
1,000
1,000
1,000
1,000
500
1,200
1,000
1,000
$233,700
Amount
paid
in Cash.
200
400
600
200
500
400
400
200
400
200
2,000
600
800
600
400
200
200
200
200
100
100
100
100
100
100
40
200
200
40
1,500
400
200
200
100
200
20
400
200
200
400
200
200
100
200
400
400
200
200
200
200
200
500
400
200
200
20*
200
200
200
$43,870
LIST OF SHAREHOLDERS
SESSIONAL PAPER No. 8
THE ANGLO- AMERICAN FIRE INSURANCE COMPANY.
503
LIST OF DIRECTORS (As at December 31, 1902).
S. F. McKinnon, President ; J. J. Long, Vice-President ; A. A. Allen, John R. Barber, Dr. George H.
Bowlby, A. B. Cunningham, H. P. Eckardt, John Flett, W. J. Gage, John Knox, R. MilJichamp, J.
N. Shenstone, Dr. Uriah M. Stanley, Hugh Waddell, Emil Nerlich.
LIST OF SHAREHOLDERS.— (As at December 31, 1902).
Name.
Residence.
Number
of
Shares .
Amount.
Amount
paid.
Allan, A. A
Toronto
50
10
20
10
10
4
100
10
50
10
20
10
10
5
10
20
10
10
10
5
50
10
10
5
50
1
25
50
30
20
10
10
20
40
10
15
20
10
10
50
10
10
5
50
30
10
20
10
100
20
50
20
10
75
10
$
5,000
1,000
2,000
1,000
1,000
400
10,000
1,000
5,000
1,000
2,000
1,000
1,000
500
1,000
2,000
1,000
1,000
1,000
500
5,000
1,000
1,000
500
5,000
100
2,500
5,000
8,000
2,000
1,000
2,000
500
1,000
2,000
4,000
1,000
1,500
2,000
1,000
1,000
5,000
1,000
i,-ooo
500
5,000
3,000
1,000
2,000
1,000
10,000
2,000
5,000
2,000
1,000
7,500
1,000
%
i,ooa
200
Anglin, S
Arthur, J. Robins
Abbot, Edwin
Ainley, Norman
Kingston
Colhngwood
Brockville
Glen Williams
. 400
200
200
Bain, William . .
Toronto
Georgetown
Millbrook
Berlin
Toronto
Barber, J. R -
Booth, Anna E
2,000
200
Bowlby, George H
Boeckh, Emil C
1,000
200
Bruce. Edward W
400
Barron, William, executor of estate of . . .
Burnley, S. M. & Bro
Boughner, J. C . . . .
Berry, William , .
Bennett, Josiah
Brantford
II
II ~ ■
Toronto .
200
200
100
200
400
Brown, Alexander
Burgess, H. H
Burnham, George
Brown, Mrs. Sarah
Owen Sound
Peterboro
Brantford
Brockville
Gananoque
Yarmouth, N.S
Napanee . .
Listowel
Courtright
Yarmouth, N.S
200
200
200
100
Bowie, R
Bulloch, W. J
1,250
200
Burrill, William
Burrows, F
Brook, B. F
Bertrand, C. A
Cann, A
200
100
1,000
20
500
Cunningham, A. B
Craig, »Tames
Clark, Robert
Cowan, John W
Kingston
Seaforth
Goderich
Toronto
1,000
600
400
ioo
Cockshutt Frank
Brantford ... .
400
Coates, Daniel H
Cocker. J. H
11
100
Clark, W. H
Copland, W. A
Chant, Sperrin
Crone, J. E
Lindsay
Collingwood
St. Thomas
Markdale
400
800
200
300
Cavanagh, Milton
Carpenter, E. R
Campbell, Alexander
400
Collingwood
Kincardine
Peterboro
Brantford
Peterboro
Port Hope
Brockville
Toronto
Kingston
Georgetown
St. Thomas
Kingston
Goderich
Toronto
II
Markdale'. ■..■.".■■.'..*.'.*.. '..'.'.'.'
200
200
Caldwell, William
Cousins, Annie
Collins, J. D
1,000
200
1,000
Craig, William
Cossitt, Newton
100
1,000
Clements, L
Cappon, James
Cook, Daniel
Curtiss, James D
200
400
500
2,000
Dupuis, N. F
400
Dunlop, H. C
Dalton, C. C
400
Dusseau, L. V
200
Eckhardt, H. P , ...
Ego, Angus
1,500
200
504
DEPARTMENT OF FINANCE -INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
ANGLO-AMERICAN J^IRE INSURANCE COMPANY— Owttnturd.
LIST OF SHAREHOLDERS— Oonftnttcd.
Name.
Residence.
Number
of
Shares.
Amount.
Amount
paid.
Flett, John
Fair, Robert
Toronto
Peterboro ,
Toronto
50
10
10
50
20
10
50
10
100
50
50
10
20
10
20
30
5
50
5
50
3
45
15
10
10
10
10
10
10
30
25
50
10
20
50
10
10
10
10
50
50
10
10
10
5
50
10
20
100
50
220
50
10
5
10
10
10
10
10
1
50
5
50
10.
5,000
1,000
1,000
5,000
2,000
1,000
5,000
1,000
10,000
5,000
5,000
1,000
2,000
1,000
2,000
3,000
500
5,000
500
5,000
300
4,500
1,500
1,000
1,000
1,000
1,000
1,000
1,000
3,000
2,500
5,C00
1,000
2,000
5,000
1,000
1,000
1,000
1,000
5,000
5,000
1,000
1,000
1,000
500
5,000
1,000
2,000
10,000
5,000
22,000
5,000
1,000
500
1,000
1,000
1,000
1,000
1,000
100
5,000
500
5,000
1,000
1,000
200
Follett. Joseph J
Fife, Mrs. E. J
i'rawley, M. J
200
Peterboro ' , . . .
Barrie
Georgetown
Mitchell
Teeswater
St. Thomas
1,000
400
Finley, Edward
200
Forrester Andrew
1,000
200
2,000
Fowler, George S
Fulton, James
Gowans, John ...
Toronto
1,000
Gage, W. J
1,000
Grant, J. J
Grobb, Franklin
Brantford
Lindsay
Belleville
Fenelon Falls
Seaforth
200
2,000
Gillespie, A
Galbraith, William
Galbraith, Catherine
Graham, Thomas .
400
600
100
Govenlock, William
1,000
Gallagher, James
Hallam, John
Teeswater
Toronto
100
1,000
60
900
Hill, W. H
Heyd, George D
Peterborough
Hamilton, J. R
Harley, A. E
300
200
Harley, W. R
200
Harold, John
Hewton, John
II
Kingston
200
200
Howie, Hugh
500
Hill, Solomon
Markdale
Warren.
200
Hamilton, A
Hannah, Franklin
Brantford
500
Harold, Samuel.
Port Hope
Brantford . .
Toronto
Owen'Sound
• 2,500
200
400
Hume. John . .
Harold, Mrs. Edith
Harris, Morgan E
Harrington, Catherine
1,000
Jenkins, Mis. F. E
200
Jackson, W. Frederick
Johnson, J. A
Brockville
200
200
Knox, John
1,000
Kilgour, Joseph
Toronto
Berlin
Kranz, Carl
200
Kerr, John R
Knight, A. P
Bi:antford
Kingston
Brantford
200
200
Kerr, R. J
100
Long, Thomas
Toronto
Brantford
Lindsay
Collingwood
St. Thomas
Toronto
Lindsay
Brantford
1,000
Leitch, John A
Lytle, H.J
Long, J. J
Leitch, Archibald
McKinnon, S. F
Mcintosh, John A
McLaughlin, R. J '. .
200
400
2,000
1,000
4,400
1,000
200
Mc Williams, Elizabeth M
McLean, Thomas
100
200
McLaughlin, Michael
Macpherson, Angus
McCauly, R
Toronto . .
Markdale ,
200
200
200
McFaul, A. M
Collingwood
200
McLeod, Norman
Stayner
10
McCrimmon, Neil
Whitby
McLarty, Duncan, executors of estate of.
St. Thomas .
100
Mills, James
Moore, W. P
Gnelph
Georgetown
500
500
LIST OF SHAREHOLDERS
SESSIONAL PAPER No. 8
ANGLO-AMERICAN FIRE INSURANCE COMP k^Y - Continued,
LIST OF SHAREHOLDERS- Con^mwed
505
Name.
Musgrove, Rev. P
Millman, Thomas
Murray, William
Murray, Rev. J. L
Millichamp, R
Michie, John F
Magwood, John . . .
Middleboro, W. S
Morgan, J. D
Marsh, Rev. C. H
Mulloy, Charles W . . .
Morrow, R F
Mills, Nelson
Milne, W..
Neelands, Jacob
Nichol, William
Nightingale, James
Nordheiiner, S. C
Nurmberger, August
Nerlich, Emil
Neelands, John.
Nairn, Charles A
Orr, J. O
Pool, Thomas
Parke, W. T
Pinch, John S . .
Philp, D. L
Parker, Henry
Robertson, R. W . .
Ran ton, W. Geo
Reynolds, P. W
Ruston, Thomas
Robson, Thomas
Rose, D. A . .
Shenstone, Joseph N
Stevens, W. H
Stanley, U. M
Somerville, W
Smith, A. Dalton
Stenabaugh, Hennon
Shapley, H
Strathy, H. H
Sootheran, J. H
Sabliere, C. H. R. DeLa.
Sinclair, Duncan J
Simpson, Isaac
Schell, R. S ,
Swale, Cecil
Stephens, R. L
Sutherland, James
Speight, J. A
Somerville. Eva
Stx)tton, Anson
Tudhope, W. R
Turner, Henry A . . .
Tom, J. Elgin . . .
Terryberry, E. B
Tranmer, E. G _
Thoutpson, Richard
Tretheway, John
Tobey, J. D
Twoomey, Jeremiah
Towler, W.I)
Residence.
Sea forth . . .
Toronto
Kincardine.
It
Toronto . . .
Lindsay
Owen Sound
Dundalk. .
Lindsay
Aurora
Peterborough . . . .
Marysville, Mich.
Toronto
Lindsay
Brantford
Toronto
Brantford . . .
Goderich
Toronto
Lindsay . . .
Woodstock...
Owen Sound,
Brantford . .
Durham
Brantford . . ,
Norwood
Georgetown. . .
Fenelon Falls .
Toronto
Lindsay . .
Brantford
Seaf orth . .
Mitchell..
Brantford
Barrie
i Lindsay
Toronto . . . .
Woodstock .
Kingston , . .
Brantford . .
Wiarton . .
Markdale . .
Newmarket
Acton
Seaforth . , . .
Harristou. . .
Toronto
Millbrook . .
Goderich.. . .
Brantford . .
Verity, Minnie.
Paris
Owen Sound
Tara
Fenelon Falls
140 Buxton Road, Stockport,
Eng
Brantford
Number
of
Shares .
35
10
20
10
50
10
10
10
10
10
30
50
50
5
20
10
10
10
10
50
10
20
100
10
10
20
10
5
50
10
10
10
5
10
50
10
50
10
50
20
50
20
1
10
10
20
50
10
10
10
10
5
5
80
10
20
15
10
10
20
10
5
10
•10
Amount.
3,500
1,000
2,000
1,000
5,000
1,000
1,000
1,000
1,000
1,000
3,000
5,000
5,000
500
2,000
1,000
1,000
1,000
1,000
5,000
1,000
2,000
10,000
1,000
1,000
2,000
1,000
500
5,000
1,000
1,000
1,000
500
1,000
5,000
1,000
5,000
1,000
5,000
2,000
5,000
2,000
100
1,000
1,000
2,000
5,000
1,000
1,000
1,000
1,000
500
500
8,000
1,000
2,000
1,500
1,000
1,000
2,000
1,000
500
1,000
1,000
Amount
paid.
700
200
400
200
1,000
200
200
200
200
200
600
1,000
1,000
400
200
200
200
200
1,000
200
400
400
200
100
1,000
200
200
1,000
100
1,000
200
1,000
200
1,0«0
400
1,800
400
20
200
200
400-
1,000
200
200
1,000
200
100
100
200
400
600
200
400
200
100
200
200
506
DEPARTMENT OF FINANGE-INSURANGE BRANCH
2-3 EDWARD VII., A. 1903
ANGLO-AMERICAN FIRE INSURANCE COUVAlSiY- Concluded.
LIST OF SHARE HOLDERS -Cono^wrferf.
Name.
Vance, G. M
Verity, W. J
Verity, Percy E
Vrootnan, J. P
Webster, Samuel
Wood, W. T
Wilkinson, W
Wilkes, Alfred J . . . .
Waddell, Hugh
Wood, Isaac
Whitehead, W. M. . .
Whitney, Charles
Williams, W.J.......
Webster, David
Woodrow, Alberta F. .
Wilson, Thomas
Williams, William . . .
Widdifield, W, C . . . .
Witts, Laura K
Ward, Henry A
Wilkins, Frederick W
Wood, James
Wallace, A. E
Watson, F. C
Residence.
Shelbume
Brantford
Napanee. .
Norvale .
Millbrook
Brantford
Peterborough
Kingston . . . . ,
Paris
Brantford
Aurora
Tara
CoUingwood .
Newmarket
Brantford ...
Port Hope
Norwood
Toronto
St. Thomas . .
Sarnia
Number
of
Shares.
5
15
20
5
10
10
5
5
100
10
10
10
10
10
5
1
10
10
10
5
20
50
100
5
4,721
Amount.
500
1,500
2,000
500
1,000
1,000
500
500
10,000
1,000
1,000
1,000
1,000
1,000
500
100
1,000
1,000
1,000
500
2,000
5,000
10,000
500
$472,100
Amount
paid.
%
100
300
400
100
.500
200
100
100
2,000
200
200
500
200
100
20
200
200
200
100
400
500
100
$85,060
LIST OF SHAREHOLDERS 507
SESSIONAL PAPER No. 8
THE BOILER INSPECTION AND INSURANCE COMPANY OF CANADA.
LIST OF DIRECTORS -(As at December 31, 1902).
John L. Blaikie, President; E. W. Rathbun, Vice-President; W. B. McMurrich, George McMurrich,
W. H. Wilkison, John Bell, C. S. Campbell.
LIST OF SHAREHOLDERS-(As at December 31, 1902).
Name.
Residence.
Amount
subscribed
for.
Amount
paid up in
Cash.
Bate, Thomas B estate of
St. Catharines. . . . .
$
5,000
2,000
2,000
2,400
16,700
2,600
1,000
1,000
100
1,000
8,000
3,200
1,200
900
2,000
900
900
1,000
24,800
1,100
11,900
600
600
600
1,100
2,000
1,000
4,500
$
3,750
1,500
Bell, John
Belleville
Montreal
Benny, Robert, estate of
Blaikie. John L
1,C00
Toronto . .
1,800
12,525
Campbell, Chas. S.
Carter, R. C
Montreal
Kingston
II ...
1,950
750
Carruthers, J. B
750
Davies, Thomas . ...
Toronto
75
Gildersleeve Miss Lucretia
Kingston . . .
750
Masten, C. A., & Geo. W. Blaikie, trustees . . .
McMurrich, George
McMurrich, J. Bryce
Toronto
6,000
2,400
Oswego, N. Y
Ann Arbor, Mich
900
McMurrich, J. P
675
McMurrich, W. B
Toronto
II ... .
II
1,500
McMurrich, W. B. & George, trustees
McMurrich, W. B. ,'& E. W. Rathbun, trustees .
McMurrich, W. B., executor of estate F. S.
Rathbun
675
675
750
Rathbun, Mrs. Bunella
Deseronto
18,600
Rathbun, Miss Bunella
825
Rathbun, E. Walter
Rathbun, E. W., trustee
8,925
450
Rathbim, E. W. „
450
Rathbun, E. W. „
Rathbun, Harold M ..
"
450
825
Rathbun, E. W '.'.','..'.'.
Wilkes, Mrs. Isabella
Wilkison, W. H
1,500
Brantford
Napanee
750
3,375
Total
$100,100
.$75,075
508 DEPARTMENT OF FINANCE— INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
BRITISH AMERICA ASSURANCE COMPANY.
LIST OF DIRECTORS— (As at December 31, 1902).
Hon, Oeo. A. Cox, President; J. J. Kenny, Vice-President ; Augustus Myers, Thomas Long, John
Hoskin, K.C., LL.D., Hon. S. C. Wood, Robert Jaffray, Lieut. -CoU H. M. Pellatt, E. W. Cox.
LIST OF SHAREHOLDERS— (As at December 31, 1902).
Name.
Residence.
Amount
subscribed
for.
Amount
paid up in
Cash
Agar, Miss Florence ....
Aitken, John . , . .
300
2,300
2,050
500
850
250
1,000
100
500
650
250
800
850
850
550
700
700
1,300
1,000
50
650
1,000
1,300
14,250
14,200
1,000
100
11,900
50
650
600
50
21,5.50
2,800
1,400
5,850
650
750
400
1,000
1,300
6,650
34,550
3,300
150,000
650
650
1,300
10,000
5,000
850
500
1,200
300
950
200
300
2,300
Armour Robert.
Montreal . . .
2,050
Armour, E. Douglas, K.C
Armstrong, Mrs, Elizabeth
Atkinson, D, H
Bain, John, trustee William St. Mission Savings
Society . , .. ..
Baines, W, J. & A, R. Boswell, in trust
Beatty, John D
Toronto
Sarnia
Mimico
500
850
250
1,000
100
500
6?H)
Bell, Alfred J
Halifax, N.S
250
Bell, John & .John P,, executors, in trust
Bell, Miss Hessie G
Hamilton ,
Toronto
Mohawk
800
850
* Bell, Miss Madeleine E
Bezley, Mrs, E. A
850
550
Biggar, Miss Sara M
700
700
Bond, .Tohn M
Guelph , .
1,300
Bower, Mrs, Sara E .
Toronto
•1,000
Boyd, Mrs Mary H
50
Brimacombe, J. M
Bowmanville
Toronto . , , .
650
Brough, T. G., manager, in trust
1,000
Browne, Rev. Geo
1,300
14.250
Buntin, Mrs. Isabella G
14,200
Barkworth, J, E
Baltimore, Md
Toronto -. . . .
1,000
Baines, C. C
Canada Life Assurance Co . , . , . . . ,
100
11,900
Carey, J. P
Carpenter, E, R
Unknown . . ...
50
CoUingwood
650
Cartwright, John R
Toronto . . . . ,
600
Cathcart, R
Unknown
Toronto
Providence, R.I
Bullock's Corners
ToTonto
„ >. .
50
Central Canada Loan & Savings Co
21,550
Chafee, Mrs. Mary F.
Clark, .James
Clark, Daniel, M.D
2,800
1,400
5,850
Clark, Wm. M., K.C
Clarke, Miss Florence J
650
750
Courtney, J, M., & Mary E. S
Coutts, James
Cox, Mrs, Annie S
Ottawa ,
400
Ufford, Muskoka
Paris, Ont
Toronto
1,000
1,300
Cox, Hon. Geo, A
Oox, Hen, Geo, A,, in trust
Cox, E, W
6,650
34,550
3,300
Cox, Hon, Geo. A., in trust
Stratford
150,000
Dalton, Mrs. E. M
650
Dexter, Geo. J
Atlanta, Ga
6.50
DeGex, L. M
Strathroy
1,300
Dickson, Robert
St. Marys, Ont
10,000
Digby, J. W., president, & R. S, Schell, mgr.
Royal Loan & Savings Co
Dunc-an, John, surviving executor of estate of
Wm. Duncan
Brantford
5,000
850
Dunham, Mrs, Alice
Boston, Mass
Goderich
500
Dunlop, H. C .
1,200
Dunlop, John, estate of
Dundas, Mrs. Amy C
Woodstock
Toronto
300
950
Dundas, Miss Amy D
200
LIST OF SHAREHOLDERS
SESSIONAL PAPER No. 8
BRITISH AMERICA ASSURANCE COMVA^Y -Continued.
LIST OF SHAREHOLDERS— Co7i<mwec?.
509
Name.
Residence.
Dunnet, Mrs. Jessie
Dupuis, Mrs, Annie J
Elliott, Christopher
Emery, Mrs. Charlotte H
Farthings, J. M., trustee, Farthings estate
Ferrah, Miss Maggie
Ferrah, Miss Mary
Fitzgerald, Thomas
Fitton, Henry W. . •
Flavelle, Jos. W
Flavelle, Mrs. M., executors of estate
Freyseng, Peter
Gamble, Geo
Gamble, Mrs. Matilda
Gardiner, Samuel
Garrett, H. A
Gibson, Rev. John
Gilmour, Thomas
Gilmor, Miss Jessie
Goad, Charles E
Gosling, F. J., agent, & E. A. Campbell, acc't.,
in trust
Gowan, Hon. James R
Gorham, Mrs. Helen D
Hamilton, C. & R. V. Rogers, Jr., trustees
Hamilton, .J. M., & J. H. Sharpe, executors
Hammond, L. D :
Hanlin, Mrs. Helen
Harris, Arthur B
Henderson, John
Heribel, Louis Emile
Hewson, Mrs. Fanny B
Holcroft, H. S
Home Savings and Loan Co., Ltd., in trust ....
Horton, Mrs. Maria . .
Hoskin, John, president, & J. W. Langmuir,
managing director, in trust
Hoskin, .John, K.C., LL.D
Hoskin, Mrs. Mary A
Howe, Etna D ,
Hooper, Edward M
Hooper, Mrs. Isabella L
Hutton, Mrs. E. A
Imperial Life Assurance Co
Inglis, Miss Christina
Innes, James. -
Innes, Mrs. Helen, estate of.
Irving, Mrs. Louisa S
Jackes, Mrs. Kate, executrix
Jaflfray, Robert
Kemp, J. C, mg'r., & M. Morris, asst. mg'r.,
in trust
Kenny, James J
Kenny, Miss Marion
Kent, Miss Myra
Kirk Patrick, W, M. & A. T., executors
Lamb, D., & A. V. Delaix)rte, trustees
Lander, John C
Larkin, Ellen M., executrix, & H. E, McSloy,
executor, estate of P. Larkin
Lavis, Charles
Laird, A., & W. Gray, agents Can. Bank of Com-
merce, New York, in trust
Lash, Z. A., trustee
Leach, James
Toronto . ...
Kingston., . .
Unknown
Port Burwell
Aylmer
Oakville ....
Bowmanville.
Orillia
Toronto
Unknown. . . .
Niagara, Out
Thornhill....
Toronto , . .
Barrie
Milton, Ont . . .* . .
Kingston .
San Francisco. . . . .
Chicago
Fergus
Clarkson
Ottawa
St. Hyacinths
Niagara Falls, Ont.
Orillia
Toronto
Rochester, N. Y . . .
Toronto
Merritton
Guelph
Toronto
Guelph . .
Toronto .
St, Catharines
Belleville
New York
Toronto, . .
Amount
subscribed
for.
Amount
paid up in
Cash.
1,500
650
800
500
500
50
. 100
1,300
1,500
2,900
600
1,800
1,050
1,200
50
2,750
500
2,500
100
14,250
3,300
2,700
500
450
6,000
1,000
400
650
3,500
150
1,000
500
16,400
2,650
2,250
4,000
3,000
2,700
100
100
1,000
5,000
400
1,450
500
150
2,450
3,750
35,800
2,650
250
2,650
1,250
1,700
500
10,000
4,000
31,500
1,650
2,000
510
DEPARTMENT OF FINANCE— INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
BRITISH AMERICA ASSURANCE COMPANY -Continued.
LIST OF SHAREHOLDERS- Con<m?^€d.
Residence.
London, Eng
Stratford .
Leckie, Mrs, Sarah Bullock's CDrners .
Leslie, William Unknown
Lester, Thomas W Hamilton
Long, Thomas & Bro CoUingwood
Long, Thomas Toronto
Long, Thomas, in trust
MacGilli vray, Mrs. CD Kingston ,
Macaulay, Miss C. I.
Ma^donald, The Baroness. Ottawa
MacKerchar, Donald Minneapolis, Minn
Maddison, Mrs. E. A IToronto
Marling, T. W. B Montreal
Marsh, Mrs. Emily C . I F.indsay
Maughan, Nicholas, estate of 'Toronto
Massey, J., mgr., & W. Cecil Lee, treat-.., in trust
Meadows, Mrs. Emily M Wexford, Ireland
Miller, D., as manager, in trust Toronto
Moffat, W., manager, in trust,
Morrison, John Montreal.
Moran, VV. J Rat Portage .
Mountain, Rev. J. J. S.. Cornwall.
Moyna, Rev. Michael Orillia
Munro, Alex . Toronto
Muttlebury, F. W. .
Myers, Augustus
McCallum, Samuel . .
McCallum, W^illiam .... Bolton .
McCallum, J. Finlay , . Owen Sound
McCauley, Rev. Samuel Warkworth ,
McCauley, Mrs. Letta M
McDonald, Mrs. Janet .
Mclntyre, James
McKay, George {Unknown .
Northern Life Assurance Co 'London, Ont
National Trust Co.. Ltd {Toronto
National Trust Co., Ltd., administrators of estate'
of Ely Hyman I n
Niehaus, Charles. ...
Niven, John K. & Co.
Northcote, Henry ....
Nicol, Miss Margaret P St. Mary's .
O'Flynn, E. D Madoc
O'Hara, Jas Toronto
Osborne, Miss Annie .
Osborne, J. E. K
Osborne, James Kerr .
Osborne, Jas. Kerr,
Davidson
Osier & Hammond .. . .
Paisley, Charles
Parker, Caleb Colborne
Paterson, Miss Helen M Toronto .
Paterson, Miss Mary L Deer Park ,
Paterson, Rev. T. W. . . .
Patrick, Geo. S Lindsay .
Pellatt, Henry M Toronto
Pellatt & Peliatt
Perry, Robert D. .
Peters, Mrs. M. H.. . ,
Porter, John S . .
PtJtts, Jas. McC, M.D Sterling, Ont.
Potts, Mrs. Jane V . . .
Raikes, Geo., in trust Barrie.
Ramsay, William Toronto
Red way, Mrs. Ellen R.
trust for Nancy W.
Amount
1
Amount
subscribed
1 paid up in
for.
Casli.
$
$
650
650
100
100
1,100
1,100
23,350
23,350
12,600
12,600
1,250
1,250
1,000
1,000
1,000
1,000
■ 2,800
2,800
50
50
500
500
50
50
1,050
1,050
1,300
1,300
4,250
4,250
1,200
1,200
14,950
14,950
9,200
9,200
4,400
4,400
900
900
0,900
6,900
1,000
1,000
250
250
400
400
9,300
9,300
3,650
3,650
650
650
250
250
350
350
350
350
500
500
500
500
100
100
10,000
10,000
16,700
16,700
300
300
4,000
4,000
100
100
50
50
500
500
2,6.50
2,650
300
300
650
650
5,000
5,000
34,500
34,500
750
750
750
750
250
250
600
600
700
700
2,400
2,400
4,200
4,200
600
600
3,300
3,300
1,250
1,250
5,.300
5,300
3,950
3,950
1,700
1,700
1,000
1,000
1,000
1,000
3,000
3,000
650
650
250
250
LIST OF SHAREHOLDERS
511
SESSIONAL PAPER No. 8
BRITISH America assurance gouvkihy -concluded.
LIST OF SHAREHOLDERS-C(^HC?n(icd.
Name.
Residence.
Reed, Havter, trustee
Rice, O. F., manager, in trust
Ridout, Jos. D., estate of
Robinson, Geo., execu trices of estate
Robinson, Elizabeth.
Rowswell, Mrs. Elizabeth
Scholtield, Mrs. A. L., in trust
Scott, Ann
Scott, John
Shaw, Mrs. Isabel T
Simpson, Benj. M . . ,
Smart, Miss Jane
Smith, Alex
Smith, C. C, & C. F. Wurtle, in trust
Smith, G. B
Smith, Miss Jane
Smith, Mrs. Jane M., executrix
Smith, Wm. H., manager, in trust ..... . .
Sproule, Miss E. J .*.
Stewart, James B ,
Stewart, John
Stewart, J. & J. Duncan, executors, in trust . ...
Stewart Rev. Wm., D.D
Swan, Henry
Strathy. H. S., general manager, in trust
Taylor, Maria & A. G
Taylor, Mrs. G. R
Thompson, Robert
Thompson, Mrs. Emma M
Thompson, W. J
TiUey, Mrs. E. M
Toronto General Trusts Corporation, in trust. . .
Toronto General Trusts Corporation, executors
of estate of Jane T. Kirkland
Toronto General Trusts Corporation, executors of
estate of John Gowans
Townley, W. R
Turner, Frank C. E
Turner, Miss Mary E
Wade, Mrs. Lillie M
Wadsworth, V. B., manager, & W. Wedd, Jr.,
secretary, in trust. .. .
Walker, H. B., & G. F. Burton
Walker, Miss Mary L
Walker, S. F
Walker, W. H
Warner, Mr^;. CaxTie L
Warren, Chas. D
Wat.son, Mrs. Sarah
Watson, Mr.*. S., in trust for G. B. & J. M.
Watson
Watson, Thomas
Weir, James
Western Asurance Co
Wigham, C, administrator .
Wills, Miss Annie
Wills, Miss Eliza
Wills, Mi.ss Susan
Wills, Miss W. M
Wilson, C. S., executors and trustees of estate
Wilson, John
Wingard, Miss Nora M
Wood, Peter
Wood, Hon. S. C
Quebec
Toronto . .
North Toronto.
Toronto
Unknown . . .
Toronto
Hamilton
Philadelphia
Toronto
Montreal
Toronto _,
Springfield-on-the-Cre iit
Toronto
Ottawa
Toronto
Sault Ste. Marie .
London, Ont .
Toronto . . . .
Chicago ...
Bracondale.
Brighton
Toronto .
Ottawa .
Toronto
Unknown.
Toronto .
Total
Pictou
Unknown. .
Morrisburg
Brantford
Toronto . . ,
Amount
subscribed
for.
2,200
8,500
3,000
1,000
2,o00
500
450
400
1,300
750
1,000
500
],200
11,950
5,000
800
300
25,750
250
200
200
2,600
1,300
100
6,950
500
GOO
27,200
800
800
200
10,.50O
4,000
2,500
500
800
100
1,650
8,.550
1,000
1,200
500
700
1,000
50
2,000
4,250
4,000
400
110,300
2,000
350
550
450
700
2,000
400
1,300
0,650
3,300
$1,000,000
Amount
paid up in
Cash.
•2,200
8,500
3,000
1,000
2,500
500
450
400
1,300
750
1,000
500
1,200
11,950
5,C)00
800
300
25,750
250
200
200
2,600
1,300
100
6,9.50
500
600
27,200
800
800
200
10,500
4,000
2,500
500
800
100
1,650
8,550
1,000
1,200
500
700
1,000
50
2,000
4,250
4,000
400
110,300
2,000
350
550
450
700
2,000
400
1,300
6,650
3,300
$1,000,000
512
DEPARTMENT OF FINANGE-IXSURANGE BRANCH
2-3 EDWARD VII., A. 1903
THE CANADA ACCIDENT ASSURANCE COMPANY.
LIST OF DIRECTORS— (As at December 31, 1902).
R. Wilson- Smith, President; Hon. Alp. Desjardins, Vice-President; T. H. Hudson, Manager; S. H.
Ewing, J. P. Cleghorn, J. J. Kenny, Hon. S. C. Wood.
LIST OF SH AHEHOLDERS-(As at December 31, 1902).
Name.
Residence.
Commercial Union Assurance Co., Limited
R. Wilson-Smith
Thomas H. Hudson
Hon. A. Desjardins
S. H. Ewing
J. P. Cleghorn
J. J. Kenny , . .
Hon. S. C. Wood
London, England
Montreal, P.Q ...
If . . . .
M . . . ,
II ■ . . ,
Toronto
Total . ,
Amount
Amount
subscribed
paid
for.
in Cash.
$
$
98,300
39,320
4,000
1,600
1,000
400
1,000
400
1,000
400
1,000
400
1,000
400
1,000
400
$43,3£0
LIST OF SHAREHOLDERS
513
SESSIONAL PAPER No. 8
CANADA LIFE ASSURANCE COMPANY.
LIST OF DIRECTORS-(As at December 31, 1902).
Hon. George A. Cox, President ; F. W. Gates, Vice-President ; Adam Brown, N.'^Merritt, James' Rosf?,
.T. W. Flavelle, B. E. Walker, H. B. Walker, Charles Chaput, Very Rev. Dean Innes,/Z. A. Lash,
K.C., Dr. John Hoskin, K.C., E. W. Cox, A. Bruce, K.C., Hon. William Gibson.
LIST OF SHAREHOLDERS-! As at December 31, 1902).
Name.
Beaty, Mrs. Annie E...
Beaty, J. W
Becher, Mrs. Caroline.
Bedtlls, Mrs. Clara Louisa
Black, Mrs. Mary
Brown, Adam
Bruce, Alexander, K.C
Bruce, A., K.C, and R. R. Bruce
Bruce, Ralph R
Burton, George F ,
Burton, Sir George W., estate of the
late
Burton, Joseph S.
Burton, Mrs. Mary R .
CaWieron, Mrs. E. M. DeB
Cathcart, Rev. Nassau.
Cawthra, Mrs. Anna C .
Central Canada Loan and Savings
Company
Cowcher, Mrs. Mary, estate of the
late
Cox, Edward W....
Cox, Hon. Geo. A. .
Cox, Mrs. Margaret.
Crossley, F
J3urnford, Lieut. -Col. Charles Day.
Durnford, Mrs. Emily.
Ewart, John .
Ferrie, Campbell
Ferrie, Walter B
Findlay, W. F. and W. H. Wardrope
K.C
Residence.
180 Jarvis Street, Toronto
10 King Street East, Toronto
Care of Messrs. Denison & Mack-
lem, Toronto
6 St. James Avenue, Toronto
104 Madison Avenue, Toronto
Hamilton
Shares.
Toronto
Address Geo. F. Burton, Esq.,
Toronto
Reigate, Surrey, England. — Ad
dress Geo. F. Burton, Esq.,
Toronto
Care of Geo. F. Burton, Esq.,
Toronto ,
17 Wilcox Street, Toronto.— Ad
dress Mrs. J. Hilly ard Cameron
Trinity Vicarage, Guernsey, Eng.
Care of Henry Cawthra, Esq.,
211 College Street, Toronto..
Toronto.
Care of Geo. F. Burton,
Toronto
Toronto
Esq.,
Flavelle, J. W...
Forbes, Emily C.
Forbes, William Forbes.
Gatep, F. W
Gates, F. W., and Adam Brown ..
8—33
Care of Hon. George A. Cox
Toronto
Woodstock, Ont
Care of Messrs. Grindlay & Co.,
54 Parliament Street, London
S.W., England
Care of Lieut. -Col. C. D. Durn
ford, Messrs. Grindlay <fe Co., 54
Parliament Street, London, S.
W. , England
4 Fenchurch Street, London, E.C.,
England, and H. J. Bethune,
Toronto.— Address H. J. Bet-
hune, Esq., Dominion Bank,
Toronto
Hamilton . .
Vancouver, B.C.
Care of W. F. Findlay, Esq.,
Hamilton
Toronto
Care of Messrs. Macintosh &
Hyde, Montreal
Care of Dominion Steamship Co.,
Montreal
Hamilton
Address F. W. Gates, Esq.,
Hamilton
19
18
30
20
314
2
80
642
90
8
42
25
Amount
subscrioed.
Amount
paid.
15,000
800
6,800
2,800
1,200
2,400
2,400 I
1,600
800
400
7,600
3,200
400
7,200
12,000
8,000
125,600
800
32,000
256,800
36,000
3,200
16,800
10,000
10,000
400
2,000
3,200
16,000
400
400
4,000
7,200
2,000
BOO
6. 800
2,i^00'
1,200-
2,400-
2,400
1,600
80O'
40O
7,600 •
3,200^
400
7,200
12,000
8,000^
125,600'
800
32,000
256,800
36,000
3,200
10,080
6.00O
10,000
40t>
2,000
3,200
16,000
400
400
4,000
7,200
514
DEPARTMENT OF FINANCE— INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
CANADA LIFE ASSURANCE COMPANY— Con^mi^cd.
LIST OF SHAREHOLDERS- Oon^nwec?.
Name.
Gates, H. E
Gibson, Hon. Wni
Grasett, F. LeM., M.D
Grasett, Lieut. -Col. H. J
Gzowski, C. S., and Major-General
Robert Sandham, executors of the
late Col. Sir C. S. Gzowski
Henderson and Small (James Hen-
derson and John T. Small)
Hendrie, John S
Hendrie, Wm
Hendrie, Wm., Jr
Hills, R
Hoskin, John, K.C., LL.D
Hoskin, John, president, and J. W.
Langmuir, managing director,
Toronto General Trusts Corpora-
tion, Toronto, in trust
Innes, The Very Rev. G. M., Dean
of Huron
Jaffray, Robert
Jarvis, ^milius
Kerr, Mrs. Margaret A., estate of
the late . .
Kidd, D
Lash, Z. A.,K.C
Leggat, Matthew
Long, T. and Bro
Macklem, Mrs. Charlotte
Macklem, O. R
Macklem, O. R., G. T. Denisonand
C. E. Fleming ,,...
Macpherson, Mrs. S. E. M,
Mac])herson, T. H
Merritt, Nehemiah
Mills, James H
Montreal City and District Savings
Bank
O'Reilly, E. B., M.D
Osier, E. B. and J. Henderson
(Toronto), executors of the late A.
T. Todd
Residence.
London
Beamsville ... .
Simcoe Street, Toronto
Police Headquarters, Toronto
Address C. S. Gzowski, Esq.
Toronto
Toronto. . .
Hamilton.
Toronto .
London, Ont.
Toronto
Care of James E. Kerr, Esq., Gait
Hamilton
Toronto
Hamilton
Collingwood . . .
Care of O. R. Macklem, Esq.,
Toronto
Toronto
Esq.,
Pellatt, Henry M
Perrin, Mrs. H . . .
Plummer, Jas. H.
Provident Investment Company, The
Ramsay, A. G .
Reeve, Richard A., M.D
Richardson, Mrs. Elizabeth G
Ritchie, Thos. W., estate of the late.
Robinson, Christopher, K.C., Toronto
Robinson, Mrs. L. A. E
Address O. R. Macklem
Toronto
Care of Geo. F. Burton, Esq
Toronto
Hamilton
42 Cecil Street, Toronto
Hamilton
Montreal .
Hamilton
Address Messrs. Henderson &
Small, Toronto
Toronto
Rocklands, Stillorgan, near Dub-
lin, Ireland . . .
Toronto
Robinson, W. A . .
Sanderson, Frank.
Hamilton. ....
Toronto..
Address Mi's. Locke Richardson,
246 W. 44th Street, New York.
Care of W. F. Ritchie, Esq.,
Montreal
Care of Messrs. Henderson &
Small, Toronto
Care of W. A. Robinson, Esq.,
Hamilton ,
Hamilton
Toronto . . .
Shari
52
10
Amount
subscribed.
400
20,400
4,800
1,600
20,800
12,000
800
16,000
400
1,600
6,000
4,000
1
• 400
20
8,000
13
5,200
8
3,200
1
400
83
33,200
20
8,000
12
4,800
3
1,200
3
1,200
1.200
3
6
2
40
1,200
2,400
800
16,000
58
1
23,200
400
40
5
16,000
2,000
6
93
2
1
5
2,400
37,200
800
400
2,000
8
3,200
2
800
15
6,000
1
2
2
400
800
800
A mount
paid.
LIST OF SHAREHOLDERS
SESSIONAL PAPER No. 8
CANADA LIFE ASSURANCE COM.-? k'^Y- Concluded.
LIST OF SHAREHOLDERS— Conc;w(iec?.
515
Name.
Residence.
Shares.
Amount
subscribed.
Amount
paid.
Sconce, James, (Bengal Staff Corps),
Richard Juson Kerr, (Bowdon,
Cheshire, England), John Thomp-
son, (Manchester, England) . . , .
Strathy, H. H. (Barrie), and H. J.
Grasett (Toronto)
Address Mrs. Emily Crossley, Star
Hail, Ancoats, Manchester, Eng.
Address Lieut. -Col. H. J. Grasett,
66 St. Patrick Street, Toronto. .
Toronto
Peterborough
20
7
35
7
6
170
50
12
7
3
21
9
1
10
8,000
2,800
14,000
2,800
2,400
68,000
20,000
4,800
2,800
1,200
8,400
3,600
400
4,000
%
8,000
Toronto General Trusts Corporation,
The ,
Toronto Savings and Loan Company,
The
2,800
14,000
2,800
2 400
Turnbull, James, cashier, in trust. . .
Walker, Byron E
Walker, H. B
Wardrope, W. H., K.C., and W. F.
Findlay ". .
Hamilton
Toronto
Canadian Bank of Commerce,
New York, N.Y
Care of W. H. Wardrope, Esq.,
K.C., Hamilton
68,000
20,000
4,800
2,800
1,200
8,400
Wilkie, D. R
Imperial Bank, Toronto
Wood, E. R
Young, Miss E. M
Toronto
Care of Geo. A. Young, Esq.,
3,600
400
Young, Geo. A
Young, John C, estate of the late. .
Hamilton
Care of John C. Young, Jr., 60
Pitcher Street, Detroit, Michi-
gan, U.S. A
4,000
$ 1,000,000
$981,280
8-3;h
516 DEPARTMENT OF FINANCE— INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
THE CANADIAN FIRE INSURANCE COMPANY.
LIST OF DIRECTORS-(As at Decembre 31, 1902).
J. H. Ashdown, President ; F. W. Stobart, Vice-president ; John Gait, R. J. Campbell, E. F. Hutch-
ings. G. R. Crowe ; R. T. Riley, Managing Director.
LIST OF SHAREHOLDERS-(As at December 31, 1902).
Name.
Aikins, J. A. M.
Adams, C .
Argue, W. P
Anderson, Wm
Alley, W. S
Ashdown, Lillian
Ashdown, Florence
Agnew, A. J
Ashdown, Harry
Ashdown, E. L
Bawlf, N
Black, Alex
Byrnes, A. B. W
Beliveau, H
Barclay, Robt..
Blowey, J. T..
Bartlett, C, (intrust)....
Beattie, I. J
Crowe, G. R
Campbell, R. J
Culver estate
Clark, S. P
Chown, H. H
Cross, Wm
Cooper, W. J
Cockburn, W. J
Cockburn, J
Cadham, J . O
Cruthers, S .
Catmichael, A
Cuddy, T. A
Cameron, A. L
Cross, A. E
Campkin, H. H . .
Carson, A . . .
Campbell, C. A., (in trust)
Crowe, Hattie M
Crowe, J. A
Crowe, A. M
Dickie, N ...
Davidson, J. A
Dennison, E. O
Flower, C. A
Forsyth, Wm
Fairbairn, S
Fitzgerald, H. G
Flumerfelt, A. C . .......
Foster, F. K
Gait, G. F. & J
Garland estate
Gait, John
Greene, J. J
Hastings, Geo. V
Hutchings, E. F
Hogg, Jos. (in trust). . ..
Huxley, Jos. E
Hanbury, John
Holmes estate
Residence.
Ashdown, J. H Winnipeg
Brandon .
Winnipeg.
Toronto . .
Winnipeg
Brandon . .
Winnipeg.
Edmonton
Winnipeg. . .
Swan River.
Winnipeg. . .
Montreal . . .
Portage la Prairie.
Winnipeg
Portage la Prairie.
Manitou
Rat Portage
Minnedosa
Calgary
Indian Head .
Vancouver...
Winnipeg
Carberry
Neepawa
Minnedosa
Birtle ..
Portage la Prairie.
Minnedosa
Lakefield, Ont . . . .
Victoria, B.C
Toronto
Winnipeg
Portage la Prairie
Winnipeg.
Hamilton, Ont .. . .
Winnipeg
Number
of
shares.
Brandon .
Hargrave .
200
120
20
12
2
50
100
100
2
80
31
62
25
10
10
25
10
125
8
100
62
90
20
81
25
20
20
15
5
2
25
2
15
5
5
3
10
15
10
10
10
5
2
50
5
2
10
12
40
62
20
101
25
100
90
36
25
10
15
Amount
subscribed
for.
20,000
12,000
2,000
1,200
200
5,000
10,000
10,000
200
8.000
3,100
6,200
2,500
1,000
1,000
2,500
1,000
12,500
800
10,000
6,200
9,000
2,000
8,100
2,500
2,000
2,000
1,500
500
. 200
2,500
200
1,500
500
500
300
1,000
1,500
1,000
1,000
1,000
500
200
5,000
500
200
1,000
1,200
4,000
6,200
2,000
10,100
2,500
10,000
9,000
3,600
2,500
1,000
1,500
Amount
paid in.
LIST OF SHAREHOLDERS
SESSIONAL PAPER No. 8
CANADIAN FIRE INSURANCE QOlslV Kl^^Y —Continued.
LIST OF SHAREHOLDERS- Cowimwerf.
517
Name.
Residence.
Neepawa
Wetaskiwin, N.^Y.T.
Winnipeg
Calgary ,.
Carberry
Winnipeg
St. John's,
Brandon..
Nfld
Calgary .
Brandon
Howden, J
Heric, J. W
Hanna, D. B
Hutchings, R. J
Ireland, W. W
•Johnston, W
Judd, W. E
Johnson, M. F
Keddy, John
Kelly, T. E
Kinnisten estate
Xelly, A
Leathorn, J. W. . , , {Winnipeg
Lock, A. S
Lindsay, W.J
Lawlor, T. J
Lundy, F. B. ,
Lennard, W. B
Lougheed, Jas. A
Matheson, R. M
Masters, T. P.. . . , ... {Vancouver
Miller, T. B { Portage la Prairie
Mitchell, J. B , (Winnipeg
Marlatt & Houser { Portage la Prairie
Mason, John Neepawa
Man waring, H. A ; Birtle
Murgatroyd, Benj 'London, Eng. . . .
Murphy, G. B {Carberry..
Mather, R. A { Kfeewatm
Morton, T. L {Gladstone
Milroy, T. M i Winnipeg
Marsh, G. T Regina
Marsh, D. W ICalgary
Marsh, W. A Quebec, Que
Brandon
Killarney
Portage la Prairie .
Russell
Calgary
Brandon ..
Murdoff, F. L
McKenzie, K » ,
McKechnie, Wm. . .
Mclntyre, D
Macdonald, H. J . . .
Macdonald, D. A . .
McLaren, J. B
McBride, Wm
McDiarmid, J
McAllister, A. H...
McAllister, J. E. . . .
McCaffrey, Thos. .
McDermott, P. J . . ,
McDowell, Wm
McLaren, G. W
McBride, A
McBride, Liicy
McLean, A. L
McNaughton, R. D ,
McKenny, J. T . . .
McDonald, John J .
McLachlan, A. H . ,
Mclntyre, S. F. C. .
McLenaghen, Jas...
Macdonald, P. A... .
Meredith, Henry....
Martin, Robt
Nation, A. G
Nanton, A. M
Orde, W. L
O'Reilly, Ed
Wetaskiwin .
Winnipeg. .
Indianapoli
Winnipeg. .
Ind.
Portage la Prairie .
Winnipeg
Brandon . . .
Winnipeg.
Vancouver .
Minnedosa
Portage la Prairie
Morden
Calgary
Killarney
Moosomm
St. Paul, Minn
Winnipeg
Portage la Prairie
Toronto
Winnipeg
Brandon
Vancouver, C.B. . .
Brandon
Winnipeg
Number
of
shares.
2
1
15
10
5
20
8
5
10
5
10
18
10
10
10
10
5
5
10
30
20
2.5
10
10
5
5
25
5
2
2
5
25
25
50
18
37
40
15
20
10
10
8
5
6
5
5
5
5
1
12
12
50
31
6
20
5
5
25
10
33
10
25
20
10
3
Amount
subscribed
for.
$
200
100
1,500
1,000
{;oo
2,000
800
500
1,000
500
1,000
1,800
1,000
1,000
1,000
1,000
500
500
1,000
3,000
2,000
2,500
1,000
1,000
500
500
2,500
500
200
200
500
2,500
2,500
5,000
1,800
3,700
4,000
1,500
2,000
1,000
1,000
800
500
600
500
500
500
500
100
1,200
1,200
5,000
3,100
600
2,000
500
500
2,500
1,000
3,300
1,000
2,500
2,000
1,000
300
Amount
paid in.
50
25
375
250
125
500
200
125
250
125
250
450
250
250
250
250
125
125
250
750
500
625
250
250
125
125
625
125
50
50
125
625
625
1,250
450
925
1,000
375
500
250
250
200
125
150
125
125
125
125
25
300
300
1,250
775
150
500
125
125
625
250
825
250
625
500
250
75
518
DEPAUTMENT OF FINANCE— INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
CANADIAN FIRE INSURANCE COUPAl^Y— Concluded.
LIST OF SHAREHOLDERS- Conc^Mded-
Name.
Parsons, S. R
Powis, Edmund
Parrish, W. L
Patton, F. L .
Pearce, Wm
Pearce, M . A
Peffers, Maude V
Peffers, M. R
Pace, F. W
Redmond, Jas
Robinson, Wm
Robinson, Jerry
Rutherford, J. G
Rogers, Edith ...
Riley, W. J
Rielly, Jas
Riley, C. S
Ralston, J, G
Riley, R. T
Stobart, F. W
Stobart, G. M , .
Stobart, A. M
Stobart, P. B
Stobart, F. E
Stobart, Wm
Stewart estate , .
Somerset, I. H ....
Stitt, Wm
Stickle, T. D
Schofield, F. H
Shore, Thomas
Sanford estate .... .
Sanford, H. S .\ .
Spearman, T. W
Somerset, E. S . . .
Taylor, Jos
Turnbull, H
Tufts, J. T
Wilson, R. R
Webb, Mabel T.
Whitla, & Co., Limited.
Whyte, Wm
Wright, S. R . .. .....
Well wood, Sarah J
Windatt. C. I
Waller, P
Walker, T. D
Young, A. L
Toronto
Residence.
Winnipeg.
Calgary . .
Brandon.
Winnipeg .
Montreal. .
Winnipeg.
Ottawa. . .
Winnipeg
Calgary . .
Winnipeg. . . .
St. John, N.B
Winnipeg
Halifax . . .
Winnipeg
Carberry
Winnipeg . .
Calgary
Winnipeg
Hamilton
Winnipeg
Peachland. ... . .
Portage la Prairie
Winnipeg
Wolfville, N. S...
Winnipeg
Quebec
Winnipeg
Swan River
Minnedosa
Bowman ville, Ont.
Brandon .
St. John, N.B. . . .
Souris
Number
of
shares.
Total
50
150
10
5
10
10
12
12
50
62
50
10
5
5
10
5
157
5
426
275
4
3
2
2
1
20
20
37
5
60
3
100
25
5
30
12
5
50
62
62
62
25
8
10
10
10
10
6
5,000
Amount
subscribed
for.
5,000
15,000
1,000
500
1,000
1,000
1,200
1,200
5,000
6,200
5,000
1,000
500
500
1,000
500
15,700
500
42,600
27,500
400
300
200
200
100
2,000
2,000
3,700
500
6,000
300
10,000
2,500
500
3,000
1«200
500
5 000
6,200
6,200
6,200
2,500
800
1,000
1,000
1,000
1,000
600
Amount
paid in.
1,250
3,750
250
125
250
250
300
300
1,250
1,.550
1,250
250
125
125
2.50
12.5
3,925
125
10,650
6,875
100
75
50
50
25
500
500
925
125
1,500
75
2,500
625
125
750
300
125
1,250
1,550
1,550
1,550
625
200
250
250
250
250
150
^500,000
-$125,000
LIST OF SHAREHOLDERS
SESSIONAL PAPER No. 8
THE CANADIAN RAILWAY ACCIDENT INSURANCE COMPANY.
519
LIST OF DIRECTORS— (As at December 31, 1902).
Denis Murphy, President ; H. K. Egan, 1st Vice-President ; A. J. Barr, 2nd Vice-President ; W. Anderson,
" * "iescarbeau, Thos. Birkett, M.P., Thos. McKenna, David Kelly, Robt. Orr, C. J. Smith, Alonzo
Ash Kennedy, E. B. Eddy, Geo. Mills, J. A. Hibbard, W. H. Woods, Thos. Lowry, Jos. Faliey
J. A. Lescar
Grrant,
A. A. Henderson. M.D., Chas. Pope.
LIST OF SHAREH0LDERS-(A8 at December 31, 1902).
Name.
Residence.
Ainsworth, W Ottawa
Anderson, Wm . . jOttawa
Aris, E. C 'Cartier
Austin, E. E iKamloops
Balfour, R. J .
Bate, H. N [Ottawa
Bronson, E. H j t.
Birkett, Thomas .. . j u ...
Blencoe, George Ton >nto Junction ,
Belfrey, J St. Thomas
Bilbe, A. H ISchreiber
Brackenbury, G. B 'Aylmer
Bertrand, J. E | WiuniiJeg
Bellefeuille, P Montreal
Barr, A.J Ottawa
Bilsky, M „
Bryce, J. M W innipeg
Boisvert, V ... . Ottawa
Becker, R. C , iMedicine Hat
Booth, J. R Ottawa
Bron«on, W. G I ..
Brown, D. W t .-
Bartlett, J. R Fairville
Bullis, E Ottawa
Bolduc, A Quebec
Boyd, A .Smith's Falls
Borbridge, W |Ottawa
Booth, C. J I M
Bate, W. T .,
Bangs, L. D , w
Begg, A. C. S iNorth Bay
Beamish, M Ottawa
Carson, S iChapleau
Collin.son, J ISt. Thomas
Calder, L ^Gretna ..
Cross, J North Bay
Clendenning, H Ottawa
; Que bee.
jSchreiber
i Ottawa. . .
Calgary.
Ottawa
Cloutier, Chas
Cloutier, Jos
Corbett, D
Corrigan, Mrs. C .
Corrigan, M
Charner, M
Cardell, J
Cody, M
Carr, J jCarleton
Carey, C Calgary. . .
Clark, J Ottawa
Cole, J. F M
Craimel, L I n
Clark, S.H 1st. John....
Cameron, D iNorth Bay . .
Casev, M . . St. Thomas..
Callin, J {North Bend
Church, H. A Chelsea
Chapman, A. F [i)ttawa
Courtenay, J. D |
Dudley, j. M ! .,
Amount
subscribed
for.
Amount
paid
in Cash.
3,000
600
2,000
400
500
100
500
100
200
40
2,500
500
5,000
1,000
500
100
100
20
100
20
1,100
220
200
40
500
100
500
100
2,200
440
100
20
200
40
5,100
1,020
200
40
500
100
5,000
1,000
500
100
500
100
200
40
500
100
100
20
500
100
1,000
200
2,500
500
500
100
500
100
500
100
1,000
200
1,000
200
100 J
20
1,900 1
380
500
100
100
20
100
20
500
100
2,000
400
000
180
200
40
500
100
100
20
100
20
TtOO
100
100
20
200
40
1,000
200
500
100
1,000
200
500
100
1,000
200
500
100
500
100
1,000
200
1,700
340
520
DEPARTMENT OF FINANCE— INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
CANADIAN RAILWAY ACCIDENT INSURANCE COMP AKY —Continued.
LIST OY SHAREHOLDERS-CoTKmufti.
Name.
Residence.
Winnipeg
Ottawa . .
Chapleau . .
Ottawa
Montreal . .
Quebec
Henderson
Ottawa . . ,
Hull
Ottawa . . .
Montreal . .
North Bay
Ottawa . . .
Chapleau
Toronto Junction. ..
Winnipeg
Ottawa . .
Dobson, J
Doherty, M
Downey, T . . , ,
Dickson, R
DutiU, W. L.....
Dionne, C. P
Davis, C . .*
Donaldson, M
Eddy, E. B
Emo, John
Elliott, J. B
Edey, E. B
Egan, H. K
Ellis, H
Evans, J W
Flint, R. H
Fahey, Jos ,
Flegg, Wm
Fairbairn, W. J . . ,
Eraser, A. W
Frechette, A .... . , .
Fulcher, N
Fixter, W
Gagnon, J. H
Gowling, John. *
Gariepy, A
Gallagher, J
Green, M ,
Green, F. W
Gladman, J. G
Grant, Alonzo
Griffith, W. H
Greene, H
Henderson, S
Henderson, A. A
Henderson, G. F ,
Hedge, Wm
Hymers, H
Harpin,C. H
Hill, W. R
Hibbard, J. A
Hawley, Geo
Helme, Jas
Holtby, W..*. ■
Harris, L. C
Hall, Thos ,
Johnson, I
Jenkins, J. W
Johnson, M. B
Johnston, J. A
Kerr, J. S
Kelly, D
Ketchum, Z , .
King, Wm . .
Kenny, Thos .
Kennedy, Ash
Kenny, Maretta
Lowry, Thos
Landers, Robt
Landers, J. D ,
Lescarbeau, J. A
Lewis, C. H
Lowry, W. H
Larondeau, Mrs. D {Ottaw
Lalumiere, C , Hochelaga
Lidkea, R
North Bay..
Schreiber. , .
Quebec
St. Thomas.
Quebec . .
Carleton
Vancouver. . ,
Rat Portage .
Toronto
Montreal . . . .
Carleton
Ottawa . ,
Vancouver. .
Ottawa
Schreiber
Ottawa , . .
St. Thomas. .
Toronto
Ottawa
Carleton
Smith's Falls.
Ottawa
St. Thomas.
Ottawa
Kamloops. .
St. Thomas.
Winnipeg .
Ottawa . . .
Wiimipeg .
Aylmer
St. Thomas
Field
Winnipeg. .
Quebec
North Bay. .
St. Thomas
Amount
subscribed
for.
500
200
1,000
100
500
100
100
1,000
500
500
1.000
500
1,500
200
1,000
100
500
1,000
500
500
1,000
1,000
500
100
500
500
100
300
1,000
500
2,500
100
1,000
100
4,500
1,000
500
100
10)
500
1,000
200
500
200
500
500
500
500
2,500
100
200
3,000
300
.500
2,000
.500
1,000
3,000
500
500
5,000
1,000
1,000
500
500
500
Amount
paid
in Cash.
LIST OF SHAREHOLDERS
SESSIONAL PAPER No. 8
CANADIAN RAILWAY ACCIDENT INSURANCE COM.VK^Y— Continued.
LIST OF SHAREHOLDERS-Oonitnucd.
521
Name.
Lordan, J
Lordan, M. J ,
Lamereaux, C. E .
Lumsden, Geo. L
Lyons, J. P
Lowry, Jas
Lewis, C. A
Mai'kham. P
Markley, A. W. R
Matthews, W. E
Moylan, E R
May, G. S
Muir, J. A.
Moore, Geo
Mills, Geo
Matheson, A
Maloney, J
Milligan, J. B .
Moriarity, Elizabeth .
Morris, J. B
Morrison, G. D
Millen, G. H
!Mereweather, G. R
Manchester, D. G
INIulligan, Mrs. Catherine. . .
McAbuy, A
Mcintosh, Jas
McGillivray, Wni .
McGillivray, W. (in trust) . . .
McLeod, H
McLeod, A. A
McOluskey, J ;
McCullough, W. A
Mcintosh, S
MacFarlane, A , .
McClu.skey, J
McKenna, Thos
McLaren, D
McLaren, A. A
McKay, W.M
Mclnnich, J. M
McCorniack, J
Mc(Juire, E. E
McLaren, Alex
McLart-n, Albert
McNab, Allan
Murphy, D
Newman, Thos
Orr, Robt
Onniston, J. A
O'Leary, C
O'Neill, T
Ottawa Trust and Deposit Co.
Pumple. E
Pearson, J. T
Percival, H. O
Pennefather, F. R . .
Pitt, E
Preston, Robt . .
Pitts, Wm
Pope, Chas . .
Pullar, Wm
Perley, G. H
Preston, R. H
Powell, H
Residence.
Fairville
Smith's Falls.
Nortli Bay.. .
St. Thomas. ..
Ottawa
SchrieVjer.
Chapleau .
Toronto . .
Canmore .
Ottawa. .
Winnipeg
Ottawa .
Hui'i . . ;
Greenwood .
Chapleau . .
Rat Portage.
Ottawa ....
Fort William
North Bay..
Rat Portage.
Winnipeg . .
Brownville .
St. John
Ottawa
Chapleau ....
Dawson City .
Woodstock .
Hochelaga . .
Rat Portage.
Ottawa
Buckingham .
Vancouver . . .
Sehreiber .
Ottawa . . .
Field
Ottawa . . .
Prescott ... .
Smith's Falls.
Ottawa
Port Stanley .
Ottawa
Toronto
Brandon
Rat Portage . .
Calgary
Ottawa ...
Newboro'
Prescott
Amount
subscribed
for.
1,000
1,000
500
200
1500
500
500
1,000
500
500
1,000
1,000
500
200
2,000
300
500
200
500
500
100
1,000
500
1,000
1,000
5,0110
500
2,000
200
500
500
600
500
500
200
300
500
5,000
700
300
100
100
300
5,000
5,000
500
1,000
500
1,000
300
100
300
100
100
100
500
200
700
100
200
500
500
1,000
6,000
500
Amount
jiaid
in Cash.
522 DEPARTMENT OF FINANCE— INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
CANADIAN RAILWAY ACCIDENT INSURANCE COM? A^HY -Concluded.
LIST OF SHAREHOLDERS-Conc^wrferf.
Name.
Quinlan, S. E
Reece, Thos
Rousseau, A
Rathwell, J. A. . . .
Russell, G. H . . .
Rutherford, Wm. , ,
Rowe, Fred
Ryan, John
Rbbillard, .1. E. A
Roth well, G. W...
Ross, L. L
Robinson, R. P . .
Roach, VV. J
Stringer, W. W . . . .
Stockdale, J
Sexsmith, H
St. Denis, N
St. Mars, E
Steacy, G. E
Spencer, Mrs. J
Stagg, H. .
Swanson, W
Smith, C. J
Sherwood, E. A . . .
Spaulding, M. J,
Smith, W. B
Schofield, I
Smith, John
Stewart, J. M
Sweeney, T
Thomas, W. H....
Tomkins, J. D
Trecartin, D. M . . .
Whitwam, S. . .
White, E. E
Wiight, A. E
Wallace, Jas
Walsh, F
Wilson, John
West, Alex
Wood, J. A
Wright, Marion ...
Walker, J. H . .
Wood, W. H . . . .
Wight, J
Webster, J. T
Yule, R. F
Toronto Junction .
Ottawa
Residence.
Winnipeg .
Quebec . .
Chapleau .
Montreal
Mc Adam
Smith's Falls
Ottawa
SaulL Ste. Marie.
St. Thomas
North Bay
Schreiber
Montreal
Ottawa
Schreiber
Ottawa
McAdam . .
St. John. ..
Montreal . .
Toronto . . .
Vancouver .
North Bay
Gretna
McAdam
Saint-Thomas.
Ottawa
St. Thomas ....
Ottawa
Schreiber
Prescott
Ottawa . .
Canmore
Carleton Place
Webb wood
St. Thomas
Ottawa
Amount
subscribed
for.
Total,
1,000
500
3,200
500
1,000
100
500
500
100
100
500
1,000
1,000
500
500
1,000
500
100
100
500
500
100
1,000
2,500
100
500
500
500
500
1,000
1,000
500
200
2,000
500
500
1,000
1,000
500
300
100
1,000
300
600
1,000
1,000
1,100
$190,200
Amount
paid
in Cash.
200
100
640
lOt)
200
20
100
100
20
20
100
200
200
100
100
200
100
20
20
100
100
20
200
500
zo
100
100
100
100
200
200
100
40
400
100
100
200
200
100
60
20
200
60
120
200
200
220
.§38,040
LIST OF SHAREHOLDERS 523
SESSIONAL PAPER No. 8
THE CONFEDERATION LIFE ASSOCIATION.
LIST OF DIRECTORS (As at December 31, 1902).
W. H. Beatty, President ; W. D. Matthews, Vice-President ; Frederick Wyld, Sir W. P. Rowland,
Hon. James Young, S. Nordheimer, A. McLean Howard, Geo. Mitchell, M.P.P., E. B. Osier,
M.P., Chas. H. Gooderham, John J. Long ; J. K. Macdonald, Managing Director.
LIST OF SHAREHOLDERS (As at December 31, 1902).
Name.
Austin, Mrs. Susan
Ball, Florence S
Ball, Louisa A
Ball, Reginald L., estate of
Ball, Rev. C. W., estate of
Barnhart, Mrs. Catherine
Beatty & Co., Robert
Bowlby, Mrs. S. B
Burgess, Ralph K
Burpee, Hon. I., estate of
Cairns, Miss Marzetta I
Cameron, Mrs. Agnes M
Cathcart, Rev. Nassau
Caulfield, Miss May Kate
Cherriman, Mrs Julia . .
Chewitt, Miss Helen M. A
Chewitt, Miss Kate R
Cork, George
Culver, Miss Maria M
Dixon, B. Homer, estate of
Dunn, J. L., estate of
Franklin, Miss Sarah J., estate of
Gibbs, W. H., estate of, in trust.
Gooderham, Alfred
Gooderham, Charles H..
Gooderham, Geo
Glass, Herbert R
Graham,- Mrs. Mary Jane
Gravel, .Joseph O., in trust
Gripton, C. McP
Gripton, Mrs. Elvaretta J
Hague, Mrs . Jemima
Hale, Jeff ery
Hmgston, Sir W. H ,
Hooper, C. E. , estate of .
Hooper, Dr. E. M
Hope, Mrs. Bessie
Howlahd, Sir W. P
Hurd, Miss Helen C
Johnston, Henry J
Jones, Mrs. Mary Jane , . .
Jones, Mrs. Edith B .
Long, .John I
Macdonald, Rev. Donald B
Macdonald, Hon. Hugh J
Macdonald, J. K., in trust
Macdonald, J. K., in trust
Macd(jnald, J. K
Macdonald, Miss Charlotte H
Macdonald, Mrs. Ellen S
Macd(mald,D., McClain, R., and Patterson, J. A.,
in trust
Macdonald, Chas. S
Malloch, Mrs. Olive C. E
Massey, John, Mgr., and Lee, W. C., Treas., (in
trust) . .
Massie, Miss Elizabeth E
Mason, W. T., estate of
Mason, J. Herbert
Mitchell, Georj,'e
Residence.
Toronto
Cheltenham, Eng.
Toronto
St. John, N.B . . .
Virgil, Ont
Montreal. .
Guernsey
Toronto ,
London, Eng. . . .
Toronto Ont
Simcoe ....
Toronto
St. John, N.B.
Toronto
Montreal . , . .
St. Catharines.
Montreal
Brantford
Montreal
St. Catharines.
Brantford
Toronto
Burlington
Montreal
St. John, N.B.
Cincinnati
Collingwood . .
Toronto
Winnipeg
Toronto
I Amount i Amount
subscribed paid
for. in Cash.
Halifax, N.S.
2,500
5,000
5,000
5,000
5,000
5,000
5,000
8,600
2,000
10,000
43,000
10,000
6,000
3,000
62,000
6,700
5,900
800
7,500
20,000
4,000
40,000
25,200
25,600
10,000
5,000
900
7,700
5,000
6,000
25,000
5,000
10,000
16,000
10,000
900
15,000
5,000
4,500
10,000
4,000
21,100
5,000
2,500
39,000
7,700
7,200
12,700
3,400
18,500
1,500
1,500
.5,000
2,000
18,000
10,000
40,000 I
4,000 I
524
DEPARTMENT OF FINANCE— INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
CONFEDERATION JAYY.— Concluded.
LIST OF SHAREHOLDERS-(7onc^wded.
Name.
Residence.
Moore, Miss Ray M Toronto
Myers, Alfred ,
Myers. Mrs, Eliabeth S
McMaster, Miss Hattie D., in trust.
Nordheimer, S ! i<
Osier, Edmund B ... .1 i.
Paisley, Mrs. Louise F ' Halifax .
Patterson, W. G 'J'oronto
Penny, E. Goflf Montreal . , .
Primi'ose, Howard, and Campbell, A. J. in trust.. Truro, N.S
Randol|)h, Hon. Archibald F., estate of Fredericton, N.B
Rose, Mrs. Catharine E Flora, Ont
Ryan, Mrs. Catharine jToronto
Sibbald, Miss Fanny . . [Niagara on the Lake
Sims, W. A Bushey, Eng
Sharp, Miss. Marion , Portsmouth, Eng
Smith, W. H., Mgr., in trust Toronto
Smith Mrs. Emily G Guelph
Stevenson, Archibald W Montreal
Swan, Henry Toronto
Turnbull, J., cashier, in trust Hamilton
Wadsworth, Mrs. E Weston
Wellington, Mrs. Helena G Toronto
Wyld, Frederick ... .
Young, Hon. James Gait
Total
Amount
Amount
subscribed
Paid
for.
in Cash.
%
$
1,500
150
15,000
1,500
50,000
5,000
7,000
700
10,000
1,000
12,000
1,200
10,000
1,000
2,500
250
4,000
400
'1,000
400
5,000
500
4,300
430
10,000
1,000
8,000
800
12,500
1,250
2,000
200
21,500
2,150
4,600
460
6,000
60O
20,000
2,000
44,000
4,400
8,000
800
37,700
3,770
28,500
2,850
20,000
2,000
$1,000,000
^100,000
LIST OF SHA REH0LDER8
SESSIONAL PAPER No. 8
THE CONTINENTAL LIFE INSURANCE COMPANY.
525
LIST OF DIRECTORS (As at December 31, 1902).
Hon, JohnDryden, President ; Emerson Coatsworth, Jr., LL.B., 1st Vice-President ; Henry Cargill, M.P.,
2nd Vice-President ; A. F. MacLaren, M.P., R. S.Williams, J. W. Scott, W. Vandusen, G. t!
Somers, Angus McKay, M.D., M.P.P., John Gillies, A. E. Wallace, J. A. Jackson, H. Wilberforce
Aikins, Medical Director.
LIST OF SHAREHOLDERS— (As at December 31, 1902).
Name.
Residi=ince.
Adams, Dr. H
Adamsi, Rev. W. H
Abell, H., Jr
Allen, Dr. A. H
Applebe, Dr. Jas
Anderson, Wm. J
Agnew, Dr. T. H
Annis, Mrs. M. J . . . :
Annis, C. A
Aikins, Dr H. W
Allison, Thos
Arthur, Dr J. R
Armstrong, Dr. W. J. M.
Aulsebrook, G. O. . .
Armour, Joseph
Abbott. Adam
Hartley, N. H
Batman, E. S
Bray, S
Blakely, Mrs. A. M
Blake, Mrs. E
Baker, Henry ...
Black, Thomas .
Barclay, Robert
Baker, Thomas B. (estate)
Bacon, Abram
Bahusen, B. B
Bannerman, J. G
Bay ley, Mrs. S. G
Blakeiv, Miss A. C
Bean, M. E
Bennett, Dr. W. H
Bennett, Mrs. M. L
Bingham, Dr G. S
Bright, A. J
Bright, W. D
Bnscf>e, R. A
Billing, D.
Birss, Francis . . .
Brine, F. E
Brindley, T. W
Boles, J . P
Boulton, G. H
Boyyr, T
Brook, B. F
Bruce, Dr. W. M
Bunting, R. A
Burns, Dr. W. A
Bulyea, G. H. V
Burgess, R. F. G
Brooks, Chas
Brown, J. A., in trust .. .
Brown, J. A
Bronter, O. H. (estate). . .
Brown, C. J
P.utler, Ed. J
Brownlee, Thomas R
jEmbro . . .. .
Claremont . . .
Brooklyn . . . .
Paisley
Parry Sound.
iListowel. . . .
Winghain
Port Union ,
Toronto
I Tees water
Collingwood
I Mitchell
j Winnipeg, Man.
llngersoll
IStittsville
jlngersoll
j Kincardine
Claremont . . . .
Winnipeg, Man.
Goderich
Clinton
Winnipeg, Man.
Harriston
Cartier
Owen Sound . , .
Johnville, P.Q.
Toronto
Woodstock
Tilsonburg
Hamilton ... .
Seaforth ,
Gait
Monticello
Harriston
Cookshire, P.Q
Fort Qu'Appelle, N.W.T.
Ingersoll
Toronto
Kincardine
Listowel.
Pickering
St. Thomas
Regina, N.W.T.
Winni[x;g, Man.
Mitchell
Collingwood
Trenton
Winnipeg, Man,
St. Thomas
Ottawa
Amount
subscribed
for.
Amount
paid up in
Cash.
$ cts.
1,000
100 00
1,000
200 00
1,000
200 00
500
77 50
500
100 OO
1,000
100 CO
1,000
150 00
500
100 00
500
100 00
5,000
1,000 00
2,000
400 oa
2,000
400 OO
1,000
200 00
1,500
300 00
1,000
100 00-
500
100 00
2,000
400 00
1,000
200 00
1,000
200 OO
1.000
100 00
5,000
1,000 00
10,000
2,000 00
10,000
2,500
500 00
3,000
300 00
500
50 00
1,000
200 00
200
40 00
400
40 00
1,000
200 00
2,000
400 00
500
32 50
600
120 00
1,000
100 00
500
62 50
500
62 50
1,000
200 00
1,000
200 00
2,000
200 00
500
66 25
300
60 00
1,000
200 00
1,000
200 oa
1,000
200 OO
6,000
1,200 00-
2,500
250 00
1,000
100 00
1,000
100 oa
4,000
550 00
1,000
200 00
10,000
1,000 oa
400
so oa
2,000
200 (^
500
18 00
4,000
400 oa
500
50 00
500
50 oa
DEPARTMENT OF FINANCE— INSURANCE BRANCH
2^ EDWARD VII., A. 1903
CONTINENTAL LIFE INSURANCE COUVXiiY— Continued.
LIST OF SHAREHOLDERS-(7onemwcd.
Bromley, John
Brohuiann, Rev. Geo, (estate)
Butler, R
Burkholder, J. R
Canii)bell, W. A
CargiU, Henry, M.P
Cassels, L. G
Cavanagh, Dr. M.
Clapp, D
Clare, Rev. G. R
Cameron, Miss. B. L . .
Campbell, Dr. R. I
Carless, Richai-d ....
Clark, C. W
Clark, Mrs. A. L
Campbell, A. M
Ciimeron, Dr. W . A
Cahill, Edward
Chambers, George
Chambers, Mrs. L ... . :
Carter, DeWitt
Carter, Chas. S . .
Cram, George
Clemens, Mrs. E. C
Chisholm, John M
Codd, A. S
Colwill, Mrs. T. G
Corbett, W. P
Cowper, Mrs. A. M
Coatsworth, Emerson, Ji
Corbett, Ale.x
Cowan, Di . Jas
Curran, John
Copland, M. S
Coultes, E. S
Cotton, Alex ...
Cowen, John
Coates, P. H . j Johnville, Que ,
Cunningham, L Toronto
Corbould, Gordon E., in trust New Westminster, B.C.,
Residence.
Pembroke
St. Clements
Ingersoll
St. Thomas
Tliornbury
Cargill
Oshawa
Owen Sound . . . ,
Harriston ,
Oakwood
Ayr
Boissevain, Man . ,
Tilbury
Winnipeg, Man
Toronto
Harrington W
Arnprior , .
West Lome
Ingersoll.
Victoria, B.C
Port Colborne
Amount
subscribed
for.
Morden, Man
Toronto
Winnipeg, Man
Stratford
Whitby
Pickering
Dundas
Toronto
Waukesha, Wis
Portage la Prairie, Man .
Orillia
Harriston
Ripley
Grand Valley
Cohoe, John (x
Cook, Rev. Chas. W
Cobbledick, Joseph .
Cross, R
Davis, Mrs . G
Davidson, R. L ...
Davidson, Hon. John A.,
Dafoe, M. O
Dafoe, I. B
Drew, Dr. George E . . .
Dickson, James D
Dixon, Thomas
Dickson, W. W. (estate)
Dickey, J. H
Dickson, Robert W
Dickson, Mrs. Margaret
Douglas, D. H
Douglas, John H
Dryden, Hon. John
Dryden, Thomas R
Douglas, W. G
Dunn, Dr. D. J
Dyer, Wm. D
Drummond, H. M
Dunsford, Chas. R
Brantford
Scotland
Exeter..
Killarney, Man
Woodstock
Toronto
Winnii^eg, Man
Quebec, P.Q
Aultsville
New Westminster, B.C.
Niagara Falls
Walkerton
Pembroke
Trenton
Verdun, Que
Chatham
Wark worth . . . .
Toronto
Guelph
Winnipeg, Man.
Beeton
Columbus . . . .
Winnipeg, Man.
Morden, Man . . .
Amount
paid up in
Cash.
$ cts.
1,000
100 00
500
75 00
5,000
1,000 00
1,000
200 00
600
(50 00
10,000
2,000 00
5,000
500 00
2,500
500 00
1,000
100 00
1,000
200 00
1,000
200 00
500
100 00
100
20 00
4,000
160 00
5,000
1,000 00
2,000
400 00
500
50 00
1,000
150 00
2,000
400 00
4,000
800 00
1,000
200 00
1,000
200 00
l,OuO
200 00
5,000
1,000 00
2,000
250 00
2,000
400 00
1,000
100 00
500
50 00
500
100 00
10,0.00
1,000 00
500
50 00
4,000
800 00
2,500
250 00
2,000
200 00
1,000
100 00
200
40 00
5,000
600 00
, 400
40 00
5,0(30
500 00
4,000
800 00
],000
200 00
500
100 00
5,000
1,000 00
1,000
500
50 00
1,500
150 00
2,000
200 00
3,000
450 00
1,000
150 00
2,500
187 50
1,000
200 00
1,000
125 00
1,000
175 00
1,000
100 00
400
40 00
800
80 00
1,000
200 00
1,000
20C 00
5,000
1,000 00
1,000
200 00
500
100 00
1,000
107 00
500
1(X) 00
500
100 00
1,000
200 00
LIST OF SHAREHOLDERS
.SESSIONAL PAPER No. 8
C0NTINP:NTAL life insurance COWPK-i^Y -continued.
LIST OF SHAREHOLDERS— Conimwerf.
527
Name.
Mrs. C
F
Earley, Dr. W. J
Etherington, Joseph
Egbert, William
Elliott, Wm
Elliott, Thos
Farley, Dr. John J
Farley, Mr^. Ethel E
Frame, J. T..
Farmer, Rev. S. J
Fraleigh, Sidney
Ferguson, Duncan . ...
Flett, James
Ferguson, Hugh .....
Fleming, Mrs A. E. M....
Field, Dr. G. C
Flintoft, John ,
Found, Mrs. Annie ,
Forrester, Andrew (estate)
Foster, James
Fowler, Dr. Geo. S
Floyd, Rev. M. P
Fuller, Charles H
Garroch, Peter
Grant, Dr. J. A. C
Gaudin, I. E
Glass, D
Gai'dineer,
Gardineer,
Grant, J ames
Gallagher, James
Graham, J. C
Gawley, Mrs. M. W
Gerow, Lillie
Gerow, Ray K
Green, F. L
Gerow, W. G
Gregory, Rev. J. W
Gregory, Mrs. Mary
Gilroy, G. R
Gilchrust, Dr. W. C
Gillies, Dr. John
Gier, Miss Jennie B , . . .
Gier, Mrs. Ann
Gillies, Arch. I
Griffith, Mrs. M. A ...
Goldie, H
Goldie, Dr. W
Goodspeed, Rev. C
Gunn, N. B
Goldie, G. E
Goldie, J
Gordon, Dr. D. M
Gordon, Mrs. Eliza
Godden, Rev. J. K
Godden, Rev. J. K., in trust.
Gordon, T. A. G
Ciunn, Hector
(/uthrie, Robt
Guthrie, Cath. M
Hall, Mrs. M
Haves, W
Hall, MissF
Hall, Miss M. A
Harkness, \V. K
Hatcher, O. M
Residence.
Owen Sound
Binbrook
Milverton
Mitchell . .
Molesworth
Belleville ..
Trenton
Virden, Man
Brantford ' .
St. Marys
Stratford
Wiartcm ....
Moosejaw, N.T.W.
Brandon, Man
Woodstock
Drummond
Claremont
Mitchell
Tilbury
Teeswater
Killarney, Man
Toronto
Listowel
Gravenhurst
Napinka, Man
Chatham
Oshawa
Chesley
Teeswater ....
Winnipeg, Man.
Binbrook
W hi te vale
Greenwood
Oshawa ...
Mt. Brydges . .
Mansewood . .
Mount Forest.
Orillia
Teeswater
Grand Valley.
Sherbrooke,
Byron
Ayr
Toronto . . .
Que.
In^ersoll
Ayr
Lucknow
Grand Valley.
Caledonia
Alvinston. .
Ailsa Craig
Ayr
Stratford
Ingersoll
Guelph . .
Amount
subscribed
for.
Toronto
Winnii^eg, Man.
S
1,000
200
1,000
2,000
1,500
1,000
1,000
3,000
400
5,000
2,000
500
2,500
1,000
2,000
1.000
4,000
8,000
1,300
6,000
1,000
3,500
1,000
1,000
1,000
1,000
1,000
1,000
1,000
3,000
3,000
400
200
200
1,000
500
1,200
500
500
1,000
10,000
500
2,000
2,400
5,000
800
2,000
4,000
2,500
800
2.000
1,000
2,000
200
400
1,000
1,000
500
' 500
400
400
2,500
2,500
500
4,000
Amount
paid up in
Cash.
S cts.
200 00
40 00
200 00
400 00
ig: 50
200 00
200 00
600 00
80 00
500 00
400 00
100 00
250 00
100 00
400 00
200 00
400 00
1,200 00
260 00
950 00
35606'
300 00
100 00
200 00
200 00
200 00
200 00
200 00
300 00
375 00
80 00
20 00
20 00
100 00
50 00
120 00
100 00
100 00
200 00
2,000 00
50 00
200 00
480 00
1,000 CO
160 00
200 00
800 00
250 00
160 00
400 00
200 00
200 00
40 00
80 00
200 00
200 00
100 00
100 00
400 00
80 00
500 00
500 00
50 00
DEPARTMENT OF FINANGE--INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
CONTINENTAL LIFE INSURANCE COMPANY- Con^wmtrf.
LIST OF SHAREHOLDERS-Con^mwcd
Name.
Harvey, Dr. E. E . . .
Halliday, Mrs. Jane
Harvey, E. C ..
Hall, Dr. Ernest
Hall, W. J
Hays, Robt. C.
Residence.
Norwich
Han'iston
St. Thomas...
Victoria, B.C.
Toronto ....
(roderich . . . .
Haworth, Dr. R. J {McGregor, Man.
Hearn, Mrs. M Ingersoll
Herbert, Miss M Belleville
Henwood, Dr. J. M Toronto ,
Herald, W. J Sydney, C.B
Herald, Chas. A Hamilton
Henderson, H. E Brandon, Man
Hettle, Henry W Crystal City, Man
Higginbotham, Mrs. L Virden, Man
Hoig, Dr . D. S . . Oshawa. .
Holliday, Thomas Stratford
Howey, Dr. R Owen Sound . . .
Holloway, Fred. E West Selkirk, Man ,
Hyland, Margaret J Whitby
Hunton, Miss E Ottawa ,
Hiint, .John D |Carberry, Man
Holt, Jas. E ... [Newton Robinson . ,
Hornby, Mrs. S. M Toronto
Hunter, Samuel Ingersoll
Trenton
Man.
'Harriston
Westmount, Que.
Fergus
Toronto
Hunter, John Milton
Hobbs, J. A Morden, Man
Island, Dr. R. L Rosemont ...
Innes, .Tames Guelph
Jackson, Robert Petrolea
Jackson, Jos. A n
Jacques, Dr. W. S.
Jamieson, Dr. C. J iWinnipeg,
Jamieson, Mrs. Annie
Jamieson, P. H
Johnson, A. S
.lull, Bennett
.Jones, Sidney
Johujiton, W. H Winnipeg, Man.
Johnston, 0. H . . . .
Kam merer, J. A . . .
Kanold, Mrs. Eliza ,
Kean, Hugh
Kerr, Albert
Keith, Donald
Kidd, W. G
Knight, H. P
Knipfel, David
Langrill, J. A
Lauchland, W
Lawrence, W. J
Lawrence, E. D . , . .
Lane, John J
Lee, Chas. H
Lee, W. F
Lillie, J. T ...
Little, A
Little, Robert E . .
Li.ster, W. S
Lindley, Mrs. M. E
Lough, W. R
Lyons, Robt. F
Lye, Henry
Luke, Wm. A
Ludlow, William Dundalk.
Toronto
Port Colborne
Guelph .'....
Orillia
Tees water ....
Kingston
Belleville. ...
Berlin
Hamilton
Oshawa
Toronto
Kinsale
Morden, Man.
Moosomin,
Winnipeg, Man
Port Elgin
Guelph
Teeswater . .
Middle Church, Man.
Ingersoll
Clinton
Carberry, Mun
Toronto
Amount
subscribed
for.
1,000
2,000
100
2,000
1,000
2,000
2,000
500 \
7,500
1,000
3,200
5,000 ;
1,000
1,000
800 ■
1,500 I
8.000 !
1,000
1,000
1,000
1,000
100 !
1,000 I
1,000
2,000
1,600
500
500
1,000
2,000
10,000
2,500
2,000
2,000
500
2,000
1,000
9,000
2,000
1,000
1,000
500
2,500
500
1,000
1,000
1,000
1.000
3,000
1,000
2,000
1,000
1,000
500
4,000
.500
1,000
8,000
10,0C0
1,000
4,000
500
1,000
500
1,000
Amount
paid up in
Cash.
•S cts.
1.50 (.0
2(0 00
100 00
300 00
100 00
400 00
50 00
1,500 00
200 00
040 00
1,000 00
200 00
200 00
lOt 00
300 00
1,000 00
200 00
100 00
200 OO
175 00
20 OO
100 00
200 OO
400 00
320 00
100 00
50 00
200 00
400 00
1,000 OO
500 OO
80 00
200 00
50 00
300 00
200 00
1,400 00
200 OO
200 00
200 00
75 67
500 00
100 00
200 00
200 00
137 50
150 00
300 00
200 00
400 00
100 00
200 OO
75 00
800 00
100 00
200 00
800 00
2,000 00
150 00
800 00
50 00
100 00
62 50
200 00
LIST OF SHAREHOLDERS
SESSIONAL PAPER No. 8
THE CONTINENTAL LIFE INSURANCE COMPANY- Con^mwed.
LIST OF SHAREHOLDERS -Confmwec?.
529
Name.
Lunan, Ilex. L
Luckens, Rev. T
Loucks, Minnie
Mackey, Levi
MacLaren, M.P., A. F.
MacLaren, John A
Mair, John
Manuel, Walter. ..,...,
Manning, Alex
MacKay, Angus
Mair, Mrs. Agnes M . .
MacLeod, Male. H
Mabee, Sarah I
Mabee, Sarah
Macdonald, Hon. H. J.
Marsh, D. W
MacKay, Dr. Hugh . .
Mather, Samuel
Matheson, Dr. John S . .
Matheson, R. M
MacKechnie, Dr. L. H.
Mearns, Dr. John
Metcalfe, Thos. H
Metcalfe, Thos. L......
Menzies, Mrs. Maggie .
Mills, James
Miller, Dr. A. H
Minshall, Dr. H.
Residence.
Regina, N.W.T
Fort Francis. . .
Morrisburg
Toronto
Stratford
Ottawa
Collingwood
Whitby
Toronto
Indian Head, N.W.T.
Collingwood
East Toronto
Winnipeg, Man
Calgary, N.W.T
Carberry, Man. .
Tilbury
Brandon, Man. ,
Vancouver, B.C ,
Woodstock ,
Portage la Prairie, Man.
Winnipeg, Man ,
Ailsa Craig
Guelph
St. Thomas
Brownsville
Milroy, Dr. T. M {Winnipeg, Man. ,
Miller, James Arnprior
Moore, Alex Greenwood
Moyer, Sylvester Gait..
Murray, Rev. J. L Kincardine
Muma, Mrs. G. B Ayr
Mosely, John Goderich
Musgrove, A. H Wingham
Moore, H. C. Toronto
Murton, L. K Oshawa
Moore, James . Brooklin
Mullock, Dr. M. J Binbrook
Morrison, W. G . . . Toronto
Munro, Hugh Alexandria
Morgan, J.. . Walkerton
Munro, Hugh, in trust Alexandria
Morrison, Chas Grand Valley . . . .
Muir, James Calgary, N.W.T.
McKay, Dr. Angus Ingersoll
McNally, A. H Blair
McNab, John Ayr
McArthur, A.. G . , Emerson, Man . . .
McLagan, W. J Mitchell .
Mc Lagan, Mrs. Sarah S n
McLaughlin, R. T Alba
McCallum, J. R Welland
McEwen, A Ayr
McDermott, Patrick J. . Minnedosa, Man.
McKee, Dr. J. F Petrolea
McKenzie, Dr. T Toronto
McLellan, W. O Harriston
McLennan, R. R Cornwall
McKeague, S. A Acton
McMillan, Hugh Guelph
McRitchie, Dr. Thos. L Harwich
McKillop, D West Lome
McNeill, J. C Calgary, N.W.T.
8—34
Amount
subscribed
for.
4,000
2,500
400
2,000
5,000
5,000
200
8,500
10,000
1,000
300
1,000
1,000
1,000
1,000
2,000
500
1,000
1,000
1,000
5,000
500
2,000
4,000
2,000
2,000
2,000
2,000
2,000
500
1,000
1,500
2,000
1,000
3,000
1,000
1,000
100
1,00.0
200
2,000
1,000
1,000
1,000
2,000
500
5,000
2,000
1,000
100
1,000
1,000
500
10,000
3,000
1,000
1,000
2,500
2,000
500
400
2,500
1,000
600
500
Amount
paid up in
Cash.
$ cts.
800 00
500 00
80 00
200 00
500 00
1,000 00
30 00
1,700 00
1,250 00
150 00
45 00
200 00
200 00
200 00
200 00
400 00
100 00
200 00
125 00
200 00
560 00
72 50
400 00
128 18
400 00
200 00
350 00
400 00
200 00
100 00
100 00
300 00
300 00
200 00
600 00
175 00
200 00
100 00
137 50
20 00
200 00
200 00
200 00
200 00
250 00
100 00
300 00
400 00
200 00
20 00
200 00
200 00
100 00
2,000 00
600 00
200 00
200 00
500 00
400 00
100 00
40 00
250 00
200 00
90 00
100 00
530
DEPARTMENT OF FINANCE-INSURANCE BRANCH
2-3 EDWARD VI!., A. 1903
THE COI^TINENTAL LIFE INSURANCE C0M.1^A.-^Y -Continued.
LIST OF SHAREHOLDERS-Confmwet/.
Name.
Residence.
Gaorgetown
Harriston
Petrolea
Harriston
Hespeler
Portage la Prairie .
Vancouver, B.C.
Guelph . . .
Clinton.
McKinlay, Chas
McCullough, Dr. H. R
McCutcheon, Mrs. Bathalia
McDonald, E. G
McDonald, Rev. A. R ...
McCowan, John
McCowan, David
McDowell, Henry
Newstead, John
Newstead, Thomas
Nesbitt, W. J
Nesbitt, Olivia G
Nesbitt, Sarah E
Nichols, Abigail
Nicol, W. A -.
Nisbet, John
Nori'is, James
Noxon, Stephen .
Nodwell, Geo. H. G
Page, Josiah .
Parker, Henry
Patterson, John M
Pratt, John
Pasmore, W. J .
Paynter, Joseph
Paterson, Miss Helen M.. .
Prangley, Oliver
Pepper, John
Phillips, W. A
Phillips, Robert
Pritchard, A. J
Piper, Samuel T
Philp, Dr. W. H
Porter, H. A
Pugh, Henry J
Proudfoot, Wm.
Quinn, Samuel . , . .
Rae, James
Reekie, J. S
Reid, J. B., in trust
Rothwell, Ellen N Ingersoll . . . .
Rowe, Anthony (estate) ... . Mitchell . . . .
Rutherford, Dr. S. T Listowel .. . .
Rogerson, Mrs. M . Walkerton . .
Robinson, Jessie Cc-llingvvood
Rosser, Joseph Ailsa Craig .
Rosser, John T \ n
Rosser, F.E \
Sadler, Wilfred Kinsale
Sargeant, W , .* Barrie
Brooklin
Brandon, Man . . .
Owen Sound
Kincardine
Ingersoll
Grand Valley . . . .
Ingersoll
Durham . .
Gait
Heathcote
Guelph
Carberry, Man. . . .
Toronto
Newbury
Toi'onto Junction .
Listowel
Fergus
Lambeth
Arthur
Oshawa -.
Virden, Man
Goderich
Bishop's Mills
Medicine Hat, N.W.T
Boissevain, Man
Toronto
Saunders, Alicia V.
Saundei's, Con. E. . . ,
Stanley, W. J
Savage, Agnes G . ,
Smale, Dr. S. B
Schaef er, Henry M . .
Strang, Mrs, Agnes .
Secor, Mrs. Sarah A.
Snell, J. A
Spetz, Rev. Theo....
Steet, Miss Rosa E. .
Stevens, James
Stew^art, Rev, Alex . .
Stewart, Rev, Wm.
Shea, John H , ,
Ingersoll
Pickering ...
Chesley.
Wroxeter ....
Milverton . . .
Vii'den, Man
Colling wood .
Wiarton
Berlin
Stratford
Ingersoll ....
Clinton . . , .
Toronto . . . .
Greenwood.. .
Amount
subscribed
for.
400
500
1,000
2,000
200
1,000
1,000
500
1,000
1,000
1,000
1,000
1,000
2,000
100
2,500
1,000
1,000
1,000
1,000
4,000
1,000
1,000
1,000
2,000
5,000
1,000
400
1,000
1,000
800
3,000
500
500
4,000
3,000
500
2.000
1,000
5,000
500
3,200
1,000
1,000
800
10,000
5,000
2,500
500
2,000
1,000
1,0(X)
1,000
500
2,500
1,500
1.000
2,500
1,000
1,000
8,000
1,C00
8,000
G,000
2,000
Amount
paid up in
Cash.
$ cts.
55 00
85 00
150 00
200 00
20 00
200 00
200 rO
100 00
100 00
100 00
200 00
200 00
200 00
400 00
10 00
500 00
200 00
200 00
200 00
100 00
800 00
100 00
200 00
200 00
400 00
500 00
100 00
00 00
175 00
200 00
100 00
600 00
100 00
50 00
200 00
GOO 00
50 00
200 00
1,00C 00
50 00
640 00
200 00
200 00
80 00
2,000 00
1,000 00
500 00
50 00
400 00
200 00
200 00
100 00
100 00
250 00
300 00
200 00
250 00
200 00
200 00
SOO 00
100 00
850 00
GOO 00
200 00
LIST OF SHAREHOLDERS
SESSIONAL PAPER No. 8
THE CONTINENTAL LIFE INSURANCE QO'SIVX^Y -Continued.
LIST OF SHAREHOLDERS— Co»ttmuccZ.
531
Name.
Residence.
Stephens, L. H Campbellford
Stewart, Miss Barbara F Winnipeg, Man .
Stewart, Joseph Winger
Stevenson, Dr. Wm . ... Virden, Man
Stewart, Allan M Morden, Man.
Setter, John Jas High Bluff, Man.
Stewart, Jeannette E Ailsa Craig
Sibert, Louis I , Brooklin ,
Shields, A. M Brampton
Smith, Harriet Dundas.
Stirton, James Verschoyle
Squire, Wm Mitchell ,
Stringer, C. W . Peterboro'
Simpson, Dr. G. Reid Hamilton
Smith, Frank W Brandon, Man .
Schmidt, J. H , . . Virden, Man
Scott, J. W Listowel..
Shultis, Dr. John Heathcote
Sonley, Geo. H Whitby
Somers, Mrs. A. V Beeton
Somers, G. T. .
Stuart I3ros
Somers, Frank I .... »
Sudworth, W. A. A
Smyth, Dr. C. E
Shunk, Rev. John
Sutherland, Don. McL .
Taylor, Dr. Alex. .
Tavlor, Joseph
Tribe, Mrs. H. M
Thomson, Misa C
Thomson, John
Turnbull, Dr. A. R Moosejaw, N . W.T.
Todd, Dr. J. O. Winnipeg, Man,
Tonge, J. H St. Thomas
Trott, Wm. D Ingersoll .
Turnbull, Walter Hamilton
Tliomson, Mrs. Mary , . Orillia
Turnbull, Eliz. S. St. Mary's
LTnderhill, Jas. A Elora
L^lrich, Paul , Winnipeg, Man . .
Vandusen, W Toronto Junction
Vanstone, Wm Pickering
Mitchell
Beeton
Ingersoll . . . ,
Medicine Hat, N.W.T . ,
North Williamsburg
Boissevain, Man
Goderich
Portage la Prairie, Man.
Tilsonburg
Whitby
Vennei', Thos , Orillia .
Veitch, Dr. George Pott Elgin . . .
Vogan, S. W Walkerton
Way, Bidwell Hamilton
Wailey, F. G Ingersoll
Wallace, A. E Toronto
Walker, Rev. Harry Birchton, Que . .
Wallis, Henry A . . Killarney, Man .
Wheelihan, David j Campbell ville . . .
Webster, Dr. D. F ! West Lome
Wheeler, A. W Ijohnville, Que. .
Wheeler, Miss Melvina L ILowell, Mass . . .
Williams. Mrs. Kate
Williams, R. S
Wishart, Dr. D. J. G. (trust)
Wilkinson, Rev. J. W
Williamson, W. M.
Whitworth, E. J
Wilson, George
Whimster, P
Wbods. Geo. B ..
St. Thomas
Toronto
Trenton
Medicine Hat, N.W.T
Binbrook
Port Hope
Portage la Prairie
Toronto .
Amount
subscribed
for.
500
1,000
500
1,000
1,000
1,000
2,500
500
1,000
500
1,000
"5,000
2,000
2,000
2,000
1,000
5,000
100
1,000
5,000
5,000
2,000
5,000
4,000
600
10,000
500
1,000
1,000
5,000
3,000
4,000
2,{K)0
2,500
1,000
2,0' )0
1,500
1,000
1,000
400
10,000
10,000
1,000
1,000
500
500
500
1,000
10,000
500
1,000
2,000
600
600
400
2,000
5,000
400
1,000
2,000
400
5,000
1,000
20,200
Amount
paid up in
Cash.
$ cts.
50 00
20 00
100 00
200 00
200 00
200 00
500 00
100 00
100 00
100 00
100 00
1,000 00
200 00
400 00
50 00
200 00
1.000 00
20 00
100 00
1,000 00
1,000 00
400 00
500 00
400 00
ILO 00
2,000 00
100 00
200 00
200 00
1,000 00
600 00
800 00
200 00
500 00
100 00
400 00
300 00
200 00
200 00
80 00
1,750 00
100 00
200 00
100 00
100 00
100 00
200 00
2,000 00
100 00
200 00
400 00
60 00
120 00
(•)0 00
200 00
1,000 00
80 00
100 00
4606*
500 00
200 00
890 00
8-34J
532
DEPARTMENT OF FINANCE— INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
THE CONTINENTAL LIFE INSURANCE CimV k^Y —Concluded .
LIST OF SHAREHOLDERS— Conc^wderf.
Name.
Whyte, Dr. J. T..
Young, Dr. T. A . . .
Young, Dr. Robt. C
Young, Mrs. W. J. .
Residence.
Ki Harney, Man
Woburn
Ridgetown . . . .
Tarn worth
Total
Amount
subscribed
for.
100
500
2,000
1,000
900,000
Amount
paid up in
Cash.
•S cts.
10 00
50 00
400 00
200 00
139,425 10
LIST OF SHAREHOLDERS
533
SESSIONAL PAPER No. 8
THE CROWN LIFE INSURANCE COMPANY.
LIST OF DIRECTORS-! As at December 31, 1902).
The. Hon Sir Charles Tupper, Bart., President; John Charlton, M. P., Vice-President; Herbert M.
Mowat, K.C., Hon. R. L. Borden, M. P., Frederick W. Thompson, Geo. H. Hees, Rodolphe Forget,
Frank E. llodgins, Hon. David Tisdale, M.P., W. Barclay McMurrich, K.C., Francis H. Clergue,
Samuel Barker, M.P., Arthur R. Boswell, K.C., Benj. Heartz, Randolph Macdonald, C S. Wilcox,
J. Douglas Hazen, K.C., M.P.P.
LIST OF SHAREHOLDERS— (As at Dcember 31, 1902).
Name.
Ainley, Norman
Aitken, W. H
Albro, Miss M. R
Alexander, W. H., M.D
Anthony, Miss C. E
Allison, J. Walter
Anderson, Alex
Archibald, Chas
Aston, Geo
Auld, G. E
Barker, Samuel
Baiker, E. P
Baxter, Jacob
Beams, W. E., trustee
Beck, Chas ...
Beer, E. H
Bick ford, Mrs. F. E
Bingay, Jacob
Bingham, Hugh S., M.D. . . .
Black, W. A
Black, S. G
Black, W. C
Black, Mary C
Black, W. A
Bond, Geo. J
Bovyer, F
Borden, Hon. R. L
Borden, H. C
Boswell, Arthur R
Boyd, J. C
Boyd, Grace I
Bray, Miss Annie J ... ,
Brown, Geo
Calkin, Hugh E
Cameron, J. G . . . .
Cassils, Chas
Chandler, Chas. H
Charlton, John, M.P.
Charlton, Mrs. Ella G
Child, W. A
Clare, Geo. A
Clergue, Francis H
Clergue, Ernest V., estate of
Clergue, B. J
Coburn, H. P
Coffin, W. M
Cove, Miss E. W
Crabbe, S. W
Davies, Hon. Sir Louis H . . .
DeGex, Leonard M
Demers, Louis J
Deschenes, B. M., M.D
Dickey, Jas. A
Doolittle, Chas. E
Drewry, E. L
Duggan, E.J
Residence.
Glen William, Ont
Charlottetown, P.E.I...
Newton Highlands, Mass
Toronto
Lytton, B.C
Halifax, N.S
Charlottetown , .
Halifax, N,S
Valleyfield, Que
Charlottetown
Hamilton, Ont
Schreiber, Ont
Cayuga, Ont
St. Johns, Nfld
Penetanguishene, Ont.. ,
Charlottetown
Toronto
Yarmouth, N.S
Cannington, Ont
Winnipeg, Man
Halifax, N.S .
Springhill, N.S
Winnipeg, Man
Halifax, N.S
Charlottetown. .
Halifax, N.S
Toronto
Sault Ste. Marie, Ont . . .
Simcoe, Ont
Toronto
Springhill, N.S
Nelson, B.C
Montreal, Que
Charlottetown
Lynedoch, Ont
M
Hamilton, Ont
Preston, Ont
Sault Ste. Marie, Ont.. .
Hamilton, Ont
Charlottetown, P.E.I
Amherst, N.S
Charlottetown, P.E.I.. . .
Ottawa, Ont
Atlin, B.C
Knowlton, Que
St . Pascal, Que
Amherst, N.S
Hamilton, Ont
Winnipeg, Man
Murray Bay, Que
Amount
subscribed
for.
Amount
paid in
Cash.
2,000
500
2,500
625
200
50
5,ooa
300
75
2,000
500
500
125
300
75
200
50
500
125
10,000
2,500
1,000
250
500
125
400
100
2,500
625
200
50
100
25
l,00u
250
1,000
250
1,000
250
2,500
625
1,000
250
1,000
250
1,000
250
1,000
250
1,000
250
3,200
800
2,000
500
2,500
625
600
150
300
75
500
125
1,000
250
500
125
1,000
250
10,000
2,500
400
100
2,500
625
5,000
1,250
5,000
1,250
500
125
10,000
2,500
5,000
1,250
5,000
1,250
2,500
()25
500
125
200
50
1,000
250
2,000
500
500
125
100
200
50
1,000
250
10,000
2,500
2,500
625
1,000
250
534
DEPARTMENT OF FINANCE— INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
THE CROWN LIFE INSURANCE COMPANY-Contrnwa/.
LIST OF SHAREHOLDERS— (7on<mMe(Z.
Name.
Durnford, A. D
Elliott, Jas
Fairbanks, E. B
Ff^irbankf!, Mrs. Mary M ...... .
Fennell, Robt
Forget, Rpdolphe ,
Forget, Lt.-Gov. A. E
Fowler, Geo. W
Fudge, J. W
Foy, John ,
Fox, C. B
Ganong, Gilbert W . .
Gibson, Mrs. A
Grant, Andrew . ,
Haley, F. R
Hall, Wm., M.D
Hallett,. Isaac H
Hanford, Miss M. H
Harper, J. J., M. D
Harris, Hon. John
Harris, Robt. E. ... >,
Harris, Thos
Haszard, F. L
Hay ward, H. H
Heartz, Benj
Heartz, Frank R . . .
Hees, Geo. H .......
Henderson, D. G
Henderson, S. M
Henshaw, Col. F. C
Hickey, Chas. E
Hickler, John H
Hickson, H. E. .
Hodgins, Frank E
Hodgins, J. Geo
Howley, W. R
Howley, Jas. P
Hughes, Geo. E
Hunter, A. C
Hutchings, R. F
Ings, Ernest A
Jenkins, S. R
Johnson, H. D
Johnson, S. M
Kaulbach, J. A
Kennedy, Wm., M. D
King, Mrs. Mary D
Kitt, Thos
Knight, R. H .. .
Laflamme, E
Laing, C. C
Lamport, H
Law, Wm. & Co
Lawson, A. E
Lewis, John .
Lindsay, W. B
Lyons, Chas
Macdonald, D. C. C . . .
Macdonald, R
Macdonald, R
Madill, B
Machell, H. T., M.D
Machell, H. T., M.D. (in trust).
MacLaren, Murray, M.D
Maclise, J. V
Residence.
Montreal, Que . .
Springhill, N.B.'
Chariot tetown, P.E.I
Montreal, Que
Regina, N.W.T
Sussex, N. B
Dorchester, Eng
Toronto
Hamilton, Ont
St. Stephen, N.B
Hamilton, Ont .
Beaverton, Ont
Wolfville, N.S
Fort Qu'Appelle, N.W.T.
Greenwood, B.C
Amherst, N.S
Alliston, Ont
St. Johns, Nfld
Halifax, N.S...
St. Johns, Nfld
Charlottetown, P.E.I. . ..
Fort Qu'Appelle, N.W.T.
Charlottetown
Toronto .
Montreal, Que.
Morrisburg, Ont ,
Sault Ste. Marie, Mich
Woodstock, Ont ,
Toronto " ,
St. Johns, Nfld
Charlottetown .
Goderich, Ont . .
Arundel, Que . .
Charlottetown .
B.C
Greenwood,
Truro, N.S
Port Dover, Ont
Simcoe, Ont
Lucan, Ont
Sault Ste. Marie
Springhill, N.S
Winnipeg, Man
Toronto , .
Yarmouth, N.S
Sydney, C.B
Charlottetown, P.E.I..
Strathroy, Ont
Charlottetown, P.E.I..,
London, Ont
Toronto
Beaverton, Ont
Toronto
Amount
subscribed
for.
St. John, N.B....
Ft. Pelly, N.W.T.
1,000
2,500
200
200
500
10,000
10,000
200
2,500
5,000
2,500
5,000
1,600
500
500
500
300
300
500
500
500
1,000
1,000
1,000
2,500
1,000
2,500
200
5,500
10,000
300
800
100
5,000
2,.500
400
500
500
500
200
500
500
200
300
2,500
2,000
00
2,500
800
1,000
200
5,000
1,000
200
1,000
1,000
500
500
5,000
5,000
500
7,500
2, .500
500
200
Amount
paid up in
Cash.
LIST OF SHAEEHOLDERS
SESSIONAL PAPER No. 8
THE CROWN LIFE INSURANCE COMPANY— Con^mwed
LIST OF SHAREHOLDERS- Conimwec?.
535
Name.
May bur ry, W. F., M.D ...
Meredith, J. H
Molson, H. Markland .
Molson, Wm, A
Moore, John J
Moorehouse, W. H
Morton, A. R
Mo watt, H. M., K.C. . . . .
Muirhead, John
Murray, John, Jr
Murray, Robt. L
Murray, W. H
Mackay, Joseph S .... .
McConochie, S. W
McCoubrey, H. T
McGillivray, D.J
McKessock, R. R
McKinnon, An^us A
McKune, F. B
McLarren, John F .
McLarren, Mrs. Ella
McLean, T. A
McMillan, J. F
McMurrich, W. B
McNealy, Murray
McNutt, S. C
McRae. John , ,
Nelson,' J. B ,,
Newson, John.
Orde, W. L ...
Payzant, Johji Y
Pelletier, Hon. L
Pepler, W. H., M.D
Prince, Mrs. C
Proctor, John A
Proctor, Geo. R
Proudfoot, W
Prowse, L. E ,
Prowse, Hon. Saml (estate)
Pyne, R. A., M.D
Rainville, Henri B
Ramsay, Thos. E
Ratteni'ury, Morton..
Rattenbury, N
Rattenbury, Oliver
Reid, A. J
Roberts, E. W . .
Robr-rts, Geo H
Ri)bert.s, Mrs. S. J
Robinson, W
Rogers, B. T
Roome, W. F., M.D
RosMe, M. W
Seller, F. H
Shaw, H. H
Shenton, Henry W
Shoenberger, Mrs. E. S
Silco.K, Sydney
Simpson, G. K
Sinclair, D. G
Smith, P. H
Smyth, Mrs. Mary
Soley, Jas. D
Talbot, Mrs. F. L
Thompson, F. W
Residence.
Ottawa
Calais, Me
Moncreal, Que
Brooklin, Ont
London, Ont
Toronto
Summerside, P.E.I. . . ,. .
Springhill, N.S
Stellar ton, N.S.'.".".'.*."..'!!"
Hamilton, Ont . . . .
St. John's, Nfld
Regina, N.W.T
Gore Bay, Ont
Springhill, N.S
Hamilton, Ont
Lower Argyle, N.S
Charlottetown, P.E.I.! '. ." .
Summerside, P.E.I
Toronto
Springhill, N.S. . , .
Beaverton, Ont
Springhill, N.S
Charlottetown, P.E.I
Winnipeg, Man
Halifax, N.S ...,
Quebec, Que
Toronto ,
Beaverton, Ont
Goderich, Ont
Sydney, C.B
Murray Harbour S., P.E.I
Toronto
Montreal, Que
Summerside, P.E.I
Charlottetown, P.E.I
Cannington, Ont
Regina, N.W.T
Toronto
Cobourg, Ont ...,,...
Winnipeg, Man
Vancouver, B.C
London, Ont
Charlottetown, P.E.I. . ..
Springhill, N.S ,..!.'.!
Toronto
St. Thomas, Ont
Hamilton, Out
Woodstock, Ont
St. John, N.B
St. Johns, Nfld
Springhill, N.S
Oshawa, Ont
Winnipeg, Man
Amount
subscribed
for.
.^ mount
paid up in
Cash.
1,500
500
1C,000
2,500
500
2,000
100
2,500
500
400
500
400
1,000
2.500
200
1,000
200
1,100
1,000
500
1,000
1,500
300
2,500
1,000
500
100
500
500
200
2,000
500
500
1,000
500
2,000
500
1,500
2,500
5,000
10,000
3,000
500
2,500
1,000
1,000
500
10,000
1,000
2,5'X)
2,500
500
400
500
300
300
5,000
600
2,500
200
500
1,000
2,000
1,010
2,500
536
DEPARTMENT OF FINANCE-INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
THE CROWN LIFE INSURANCE COM.V A.-^Y —Concluded.
LIST OF SHAREHOLDERS-CwicZw(Zec?.
Name.
Tisdale, Hon. David
Tufts, J. F
Tupi)er, Hon. Sir Charles
Tupper, Sir Charles Hibbert.
Tupper, J. S
Turpin, Jas . . ,
Weathei'bee, U
Webster, C. A., M.D
Weeks, W. A..
Weekes, G. M
Wetherell, J. E
White, Mrs. L. JM
Wickwire, W. N
Wilcox, C. S
Williams, J. A., M.D
Wilson, Miss Elizabeth .
Wilson, D. H., M.D
Wilson, John D.
Withers, J. W
Eastern Trust Co .
Residence.
Simcoe, Ont
Wolfville, N.S
Winnijjeg, Man
Vancouver, B.C
Winnipeg, Man
Toronto
SpringhiU, N.S
Yarmouth, N.S. ......
Charlottetown, P.E.I
London, Ont
Strathroy, Ont
Toronto
Halifax, N.S
Hamilton, Ont
Ingersoll, Ont
Cannington, Ont
Vancouver, B.C.
London, Ont
St. Johns, Nfld
Halifax, N.S
Total
Amount
subscribed
for.
10,000
2,500
5,000
2,500
2,500
500
1,000
500
2,500
100
500
1,000
1,000
10,000
100
1,000
2,500
300
1,000
2,000
Amount
paid up in
Cash.
$388,200
2,500
f)25
1,250
625
625
125
250
125
625
125
250
250
2,500
25
250
625
75
2.^0
500
$91,750
i
LIST OF SHAREHOLDERS 5b7
SESSIONAL PAPER No. 8
THE DOMINION BURGLARY GUARANTEE COMPANY, LIMITED.
LIST OF DIRECTORS— (As at December 31, 1902).
Samuel Finley, President ;F. W. Evans, Vice-President; J. M. Fortier, Benj. Tooke, William Hanson,
E. P. Heaton, H. B. Ames.
LIST OF SHAREHOLDERS— (As at December 31, 1902).
Name.
Residence,
Amount
subscribed
for.
Amount
paid up in
Cash.
Ames, H. B
Bickerdike, Robert
Brown, Lyman
Drummond, Hon. G. A
Montreal
New York
Montreal
10,500
5,000
10,000
5,000
5,000
4,500
500
15,000
2,500
2,500
10,000
5,000
1,700
5,000
1,000
10,000
2,500
7,500
5,000
2,500
2,500
1,200
5,000
1,300
20,000
2,500
2,500
5,000
5,000
5,000
5,000
1,000
5,000
10,000
2,500
5,000
5,000
5,000
800
3,150
1,500
3,000
• 1,500
Evans, F. W
Otta
1
1,500
Eveleigh, J . . . .
1,350
150
4,500
750
Eveleigh, Miss J. S
Ewing, estate late A. S.. .
Fairman, F. Wilson ^ ....
Fairman, Ernest E . . . .
Finley, Samuel
1 . .
750
3,000
Fortier, J. M
Foster, Geo. G
Gault, A. F
Gemmill, J. A
1 :
wa
1,500
510
1,500
300
Good, Brent
Greenshields, J. N , . . .
New
Mon
Bro\
Mon
St. ]
Mon
Otta
York ...
3,000
750
Greenshields, R. A. E
Grose, William T
I
2,250
1,.500
Hanson, Edwin
750
Hanson, William . .
750
Hagar, W. C
vnsburg, Que
360
Heaton, E. P
Henshaw, H. H
Howard, estate late A. L
1,500
390
6,000
Jordan, Alice M
Jordan, Margaret F
treal ,
750
750
Locker, Geo. R
Miller, Miss Laura C . ,
Moseley, Miss Mary R
Ogilvie, estate late Hon. A. W
lyacinthe... ,
treal .
1,500
1,500
1,500
1,500
Routh, estate late J. H
300
Sherwood, Mrs. A. P
1,500
Sims, A. Haig . . .
Smith, R. Wilson
Montreal
3,000
750
Strachan, W...
Tooke, B
Torrance, John
1,500
1,500
1,500
Wait, Maud A
Total
240
$200,000
$60,000
538
DEPARTMENT OF FINANCE— INSURANCE BRANCH
2-3 gDWARD VII., A. 1903
THE DOMINION LIFE ASSURANCE COMPANY.
LIST OF DIRECT0RS-(A8 at December 31, 1902).
James Innes, President ; Chr. Kiampf, Vice President ; Thos. Hilliard, Managing Director ; Hon. .Tames
McMullen, W. Vandusen, Walter Wells, F. Colquhoun, S. B. Brieker, Thos. Gowdy, Hon. S. Merner,
Geo. D. Forbes, P. H. Sims, W. T. Parke, Henry Cargill, Thos. Trow, David Bean.
LIST OF SHAREHOLDERS-(As at December .31, 1902).
Name.
Residence.
Bloomingdale .
Cargill..
Gait....
Toronto
Preston.
Alexander, Robert . Gait ,
Baumann, A. F. , M.D Waterloo .
Bean, David . . . ,
BechtelJ Byron E . . . ,
Bechtel, Mrs. Jane. . .
Bingeman, Jonas B. . .
Boles, William Stratford .
Bowman, N . S . Conestogo
Brieker, Jacob i Waterloo.
Brieker, Mrs. M , Berlin
Brieker, Simon B Waterloo .
Bruce, Wm. M., L.D.S ;Toronto...
Buckberrough, Daniel .... i Waterloo .
Buckberrough, Miss Helen P
Cargill, Henry, M.P
Carscadden, Thos., M.A
Chadwick, Chas. W
Clemens, Miss Cornelia
Clemens, Louis Edwin .
Colquhoun, Frederick
Conrad, Jacob
Elliott, Mrs. Jennie H
Elsley, Wm ;
Fleming, C. A
Forbes, Geo. D
Goodale, John .
Gillespie, Mrs. Mary . . .
Gowdy, Thomas
Haist, Rev. A. Y
Hamilton, Rev. A. M., M.A
Hespeler, Jacob ....
Hill, Alexander
Hilliard, Arthur J
Hilliard, John
Hilliard, Thos
Hilliard, J. Charles
Hilliard, Wm. L., M.D
Hughes, F. G., L.D.S.
Waterloo .
Bolton
Winterbourne.
Owen Sound . .
Hespeler
Milverton
Plattsville
Guelph
Berlin
Winterbourne
Waterloo .
Guelph
Berlin ..... . .
Bolton
^Vaterloo
Gait.
Hope, James ... Ottawa
Huehnergard, Conrad
Innes, James
Johnston, Wm. H .
Johnston, Mrs. Sarah M
Kumpf, Christian
Kumpf, Ford S .
Lackner, H. G., M.D . .
Lark worthy, George
Lockhart, R. J., M.D...
Lockie, Jas. S .
Martin, John F
Martin, Mrs. E. M
Mc Arthur, J. A., M.D..
McCall, Alexander.
McGowan, John
McKay, Hugh M., M.D., estate of.
McMullen, Hon. James . .
Melvin, Robert
Merner, Hon. Samuel
Moore, H. P
Waterloo .
Guelph. . . .
Hay, Ont.
Hay
Waterloo .
Berlin
Stratford .
Hespeler .
Waterloo ,
Ottawa ......
Simcoe •. . .
Alma
Woodstock . .
Mount Forest.
Guelph
Berlin
Acton
Amount
subscribed
500
3,000
2,200
400
400
700
800
8,300
7,500
200
8,500
2,000
1,500
800
18,000
500
500
300
200
5,500
5,000
1,500
1,000
1,500
19,300
3,700
2,600
6,000
2,000
2,000
1,700
2,800
800
1,500
28,700
200
1,100
5,000
3,300
1,500
6,900
800
.300
11,000
1,700
1,000
3,400
2,200
1,000
1,500
5,000
1,700
3,000
1,500
2,000
7,800
1,700
5,000
1,000
Amount
paid up
in Cash.
LIST OF SHAREHOLDERS
SESSIONAL PAPER No. 8
DOMINION JAFY^-Conduded.
LIST OF SHAREHOLDERS— ConcZwt^cc?.
539
Name.
Residence.
Moore, George • Waterloo ,
Moyer, P. E. W., B.A., estate of , Berlin.
Mulloy, Charles W Aurora .
Mulloy, Nelson, M.D. . . iPreston
Noeeker, Chas. T., M.D jWaterloo
Noecker, Mrs. Roxanna , i u
Oberholtzer, Owen, estate of Bloomingdale . .
Ortwein, Rev. John W Hensall
Parke, Wm. T., M.D Woodstock . . . .
Pasmore, Mrs. Laura D Toronto
Pasmore, W. J. . , . , • Guelph
Peine, Louis New Hamburg .
Pepper, Rev. John, B.A Palgrave
Petrie, Wm., estate of [Winterbourne .
Ratz, John, estate of jElmira . .
Ratz, Jacob INew Hamburg .
Ratz, George.
Rods, Peter H
Roos, Miss Emma R
Sauder, Jeremiah
Sauder, Mrs. Tillie Vickerman.
Sauder, Win. L
Schmidt, Geo., M.B ,
Shuh, Levi
Sims, Peter H
Sims, Mrs. Peter H
Snider, William
Snyder, Herbert M
Trow, Thomas
Trow, James, M.P., estate of .
Umbach, Rev. S. L
Vandusen, Whitford
Walker, Watson H
Ward, Henry
Ward, Miss Elizabeth
Watson, Miss Phoebe A
Wells, Walter, L.D.S
Wells, Mrs. R
Whaley, Thomas . .
Wing, Rev. M. L
Young, Wm
Zimmermann, Mrs. Cath
Elmira
Waterloo ,
Preston. . .
Birtle, Man
Milwaukee, Wis.
Waterloo
Toronto
Waterloo .
Stratford .
Naperville, 111.
Tara
Waterloo
Toronto
Gait
Waterloo .
Hunts ville.
Berlin . . . .
Waterloo . .
Amount
subscribed
for.
Amount
I paid up
1 in Cash.
Total .
2,400
600*
1,500
375
1,700
425
1,000
250
5,000
1,250
2,000
500
2,000
500
1,000
250
12,000
3,000
2,000
500
2,000
500
3,500
875
200
50
1,500
375
5,000
1,250
5,000
1,250
2,500
625
2,700
675
2,500
625
400
100
2,100
525
400
100
700
175
15,000
,3,750
5,000
1,250
3,300
825
16,000
4,000
21,100
5,275
.3,000
750
12,000
3,000
1,500
375
5,000
1,250
1,000
250
800
200
800
200
300
75
28,300
7,075
3,300
825
1,000
250
1,500
375
8,300
2,075
2,200
550
$400,000 j $100,000
540 DEPARTMENT OF FINANCE— INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
THE DOMINION 01\CANADA GUARANTEE AND ACCIDENT INSURANCE COMPANY.
LIST OF DIRECTORS— (As at December 31, 1902).
Geo. Gooderham, President; S. F. McKinnon, T. G. Blackstock, Vice-Presidents; C. D. Warren, Robert
Archer, R. L. Patterson, A. E. Gooderham, J. F. W. Ross, M.D., H. Lowndes, Robert Crean.
LIST OF SHAREHOLDERS-(As at December 31, 1902).
Number
Amount
Amount
Of which
Name.
of
paid
subscribed
are
«
Shares.
.in Cash.
for.
Preferred .
$
$
S. F. McKinnon •
100
4,500
10,000
C.D.Warren
10
450
1,000
R. L. Patterson
50
2,250
5,000
Robert Crean . ,
20
900
2,000
Robert Archer
50
2,250
5,000
30
Sir John A. Macdonald, estate of
40
1,800
4,000
20
J. L Thornton
20
900
2.000
10
Henry Lowndes
30
1,350
3,000
10
John Flett
50
2,250
5,000
James F. W. Ross
120
5,400
12,000
40
W. Moffatt, in trust
50
2,250
5,000
T. G. Blackstock
50
2,250
5,000
Jas. Young, estate of
30
1,350
3,000
Geo. Gooderham, in trust
150
6,750
15,000
75
A. E. Gooderham
50
2,250
5,000
Geo. Gooderham
1,454
100
65,430
4,500
145 400
1,002
D. D. Mann
10,000
Total
2,374
$106,830
$237,400
1,187
i
LIST OF SHAREHOLDERS
SESSIONAL PAPER No. 8
THE DOMINION PLATE GLASS INSURANCE COMPANY.
LIST OF DIRECTORS— (As at December 31, 1902).
A. Ramsay, Hon. F. E. Gillman, A. F. Ramsay, W. A. Ramsay, E. Dowsley
LIST OF SHAREHOLDERS— (As at December 31, 1902).
Name.
Ramsay, A . .
Ramsay, A. F . . . .
Dowsley, E
Ramsay, W. A . . .
Oilman, Hon. F. E
Meredith, H. V., in trust,
Residence.
Montreal
Total
Amount
subscribed
for.
1,000
400
1,000
400
1,000
400
1,000
400
1,000
400
20,000
8,000
$25,000
541
Amount
paid up
in Cash.
$10,000
542 DEPARTMENT OF FINANCE-INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
THE EQUITY FIRE INSURANCE COMPANY.
LIST OF DIRECTORS— (As at December 31, 1902).
Thos. Crawford, M.P.P., President ; C. C. VanNorman, Vice-President ; Judgpe Morgan, David Carlyle,
H. E. Irwin, K.C., Win. Hendrie, Jr., W. H. Biggar, K.C., A. F. McLaren, M.P., Stephen Noxon,
C. H. Elliott, W. Vandusen.
LIST OF SHAREHOLDERS-! As at December 31, 1902).
Residence
Ainlay, Thomas jMount Forest.
Ainsworth, O. H jGuelph
'Allen, H. P . . ' ondon
Alexander, A. W Guelph
Alexander, Dr. W. H Toronto
Anderson, Jean Gait
Arthur, Dr. J. Robins jCollingwood . .
Bailey, James Harriston
Baldwin, G. S Aurora . .
Ball, George Barrie
Barker, Clarissa Bloomfield . . . ,
Barrett, Harold Port Hope . . .
Barrick, Dr. E.J Toronto
Beattie, James Seaforth
Begg, Wm. R Toronto , ...
Bell, Edwin Chatham
Berry, William Brantford . . .
Bell, Jvidge Chatham
Biggar, W. H., K.C iMontreal
Blair, George F j Brussels
Boles, Jas. P ! IngersoU
Bonnick, est. of Jos . . [Toronto
Boyer, J " JKincardine. . .
Bristol, Carrie E jGuelph
Brown, F. Clemont Toronto
Brown, Wm. Greenwood
Brown, Mrs. Margaret n
Brook, B. F Listowel
H,
Bruce, E. W
Bruce, Dr. Wm . .
Burgess, Herbert
Burr, Enuna C
Burr, F. C
Burr, M. W
Burritt, A. & Co
Bywater, A. E
Cable, William
Cameron, Emily & Maud . , .
Cameron, John H
Campbell, Arch G
Carlyle, David
Carlyle, Isabel
Carpenter, E. R ...
Carroll, estate of Mrs. Ellen.
Carscadden, Thomas
Carscadden, Nellie E
Carson, Samuel
Chisholm, W. D
Chrysler, M. A
Clark, Eunice
Clark, Eugenie M ...
Cockburn, A. P . .
Cody, W. S
Colbeck, I . C
Cormack, James
Connell, Dr. J. C
Cooke, John C
Toronto.
Owen Sound
Guelph
Mitchell..
Trenton...
Toronto...
Petrolea . .
Brussels. .
Harriston .
Toronto...
Colli ngwood.
Toronto
Gait
Meaf ord . .
Belleville.. ......
Chicago University.
Bloomfield..
Toronto
Windsor
Toronto Junction
Guelph
Kingston
Kincardine.
Amount
subscribed
for.
500
2,000
1,000
1,000
1,000
5,000
1,000
500
2,000
1,000
10,000
500
1,000
500
1,000
3,000
2,000
4,000
1,000
1,000
2,000
1,000
1,000
1,000
1,000
2,500
10,000
1,000
1,000
2,0C0
1,500
2,000
2,000
2,500
5,000
1,500
1,000
1,000
1,500
1,000
5,000
300
1,000
1,000
0,000
3,000
1,000
1,000
1,000
5,000
5,000
1,000
1,000
3,000
2,000
1,000
1,000
Amount
paid up in
Cash.
50
200
100
100
100
500
100
50
200
100
1,000
50
100
50
100
300
200
400
100
100
200
100
100
100
100
250
1,000
100
100
200
150
200
200
250
500
150
100
100
150
100
500
30
100
100
600
300
100
100
100
500
500
100
100
300
200
100
100
LIST OF SHAREHOLDERS
SESSIONAL PAPER No. 8
THE EQUITY FIRE INSURANCE COMPANY- Cwi^mwrf.
LIST OF SHAREHOLDERS— (7o««inMcd.
543
Name.
Courtice, Rev. A. C, D.D..
Crawford, G. S
Crawford, Thos., M.P.P . . .
Cressman, Alva W
Cronk, estate of J. S
Cressman, Clara
Davidson, Kate H
Dow, Dr W. G
Duf ton & Sons
Dunlop, James .. .
Eakins, Thomas .- .
Egan, Chas
Elliott, Wm. A
Elliott, Dr. A. G
Elliott, C. H
Escott, Marion Minerva . . . .
Farran, W. W
Ferguson, D. M
Follett, Jos. J
Ford, Thos. S
Forrester, estate of Andrew
Fowke, F. L
Frawley, M. J
Fowler, H. C
Frost, Geo., estate.
Gibson, Rev. John
Gilles, John
Goodale, Marion
Goodale, Elizabeth
Gourlay, Richard
Gourlay, Mrs. R
Govenlock, William
Go wan, estate of Sen. J. R
Gowans, John, estate of ... .
Gray, James
(rroves, Dr. A
Hales, James
Hall, Z. A
Hallam, estate of John .
Halls, Samuel P ,
Hamilton, Jas. R
Hara, F. N
Hawk, Dr. Albert
Hawley, Deborah
Haywood, Alfred
Henwood, Dr. A. J
Henwood, Dr. Reginald. . .
Hill, J onathan Albert . .
Hiscox, William
Hendrie, Wm. , Jr
Hortin, Wm
Houston, John
Howell, O. C
Innes, James.
Irwin, Dr. E. F
Irwin, H. E
Irwin, John W
Jarvis, Chauncey G
Jenkins, Frederica E
Jennings, estate of B
Jewell, John
Keef er, J. G
Kerr, James
Kilgour, Rev. Joseph .....
Residence.
Amount
subscribed
for.
Amount
paid up in
Cash.
Toronto.
Norwich
Picton
Norwich . . .
Truro, N.S..
Owen Sound .
Stratford . . . .
Hamilton . . .
Harriston . .
Petrolea
Mitchell
Lucknow
London
Clinton . . .
Stratford.
Toronto.. .
Mitchell .
Oshawa
Barrie
Toronto. . . .
Tillsonburg .
Thornhill. ..
Teeswater . .
Milverton . .
Toronto Junction
B.C.
Seaf orth
Barrie . . .
Toronto .
Victoria,
Fergus..
Toronto
Penetanguishene .
Toronto
Goderich
Brantf ord
St. Catharines . . .
Gait
Bath
Toronto
Brantford
Toronto.. . .
Port Perry
Hamilton.
Windsor . . .
Clinton. . . .
Hamilton. .
Guelph
Weston. . .
Toronto
Clinton . .
London . . .
Toronto.. . .
Harriston .
Norwood .
Sarnia . . .
Peter boro .
2,000
200
1,000
100
3,000
300
1,000
100
6,000
600
1,000 ]
100
700 !
70
],000
100
500
50
1,000
100
500
50
500
50
5,000
500
1,000
100
1,000
100
1,000
100
1,000
100
1,000
100
1,000
100
1,000
100
5,000
500
1,000
100
2,000
200
1,000
100
1,000
100
1,000
100
1,000
ICO
1,000
100
1,000
100
2,000
200
2,000
200
10,000
1,000
1,000
100
2,000
200
1,000
100
1,000
100
1,000
100
1,000
100
1,000
100
2,000
200
1,000
100
500
50
r,ooo
500
2,500
250
1,000
100
5,000
500
2,000
200
4,000
400
500
50
3,000
300
2,000
200
1,000
100
500
50
2,000
200
10,000
1,000
5,000
500
1,000
100
500
50
1,000
100
500
50
500
50
2,000
200
1,500
150
5.000
500
5U
DEPARTMENT OF FINANCE— INSURANCE BRANCH
2-3 EDWARD Vil., A. 1903
THE EQUITY FIRE INSURANCE COM.VA-^Y -Continued.
LIST OF SHAREHOLDERS-C'on^mweci.
Name.
King, W. C
Knox, John
Laird, John ,
Lewis, William
Leonard, H. F
Luke, Sidney
Mc Arthur, Alex
McCamus, D. N
McCamus, J. A
McCullough, Dr. Hugh A
McCrimmon, Dr. Jno. ...
McDiarmid, H. F
McEvers, Laura A
McKay, A. B
McLaren, A. F., M.P....
McLean, Dr. P. D..
McPherson, Jas. A
McMurchie, Jas
Manning, Alex ,
Manning, Wm. H
Marr, John
Marshall, Noel
Martin, Dr. G. S ,
Murray, Thos
Matthews, Asa
Meikle, Dr. T. D
Meiklejohn, John
Meyers, Arch. J
Mills, J. S
Mills, Mrs. James
Mills, Thos. A
Moore, Lucy A
Morden, Dr. Jas. B
Morgan, Edward Judge . . ,
Morgan, Joseph
Moyer, Dr. Sylvester
Munn, Angus
Murdock, John G
Murray, Rev. John L
Murray, R W
Nairn, Chas. A ,
Needier, Wm
Nichol, Dr. Wm
Nightingale, Jas
Norris, Jas
Noxon, Stephen . .
Noxon, W. R
Noxon, T. H., estate of
Noxon, Win
Packham, Jas. J ,
Phillips, Mrs. Mary J
Pickard, Emma C
Piggott, John
Pinch, John S
Piatt, JohnM..
Piatt G, D
Porter, Geo
Ranee, H. F
Rae, George M
Reedy, Geo
Reynolds, R. W
Richards, Lydia R
Richards, John
Residence.
Bowmanville
Norwood.
Picton ,
Mount Forest. ,
Brantford
Tillsonburg
Seaf orth
Sarnia ...
Lakefield
Harriston
Kincardine
Ingersoll
Cobourg
Woodstock
Stratford
Woodbridge
Kincardine
Blyth
Toronto
Cold water
London . ,
Toronto
Toronto Junction
Owen Sound
Toronto
Mount Forest
Harriston
Listowel .
Toronto
Norwich
Wingham
Goderich
Picton
Toronto
Walkerton
Gait
Ripley
Lucknow
Kincardine
Toronto
Goderich . . . .
Lindsay
Brantford
Kincardine. .
Ingersoll ....
New York . . .
Ingersoll
Bloomfield .
Owen Sound .
Picton
Seaforth ....
Chatham
Owen Sound .
Kingston . . .
Picton"
Goderich. . . .
Clinton
Toronto
Norwood ,
Picton . .
Amount
subscribed
for.
14,000
2,000
1,000
.500
500
1,000
15,000
1,000
1,000
1,000
500
2,000
2,000
1,000
2,000
2,000
500
],000
5,000
1,000
1,000
500
1,000
1,000
1,000
1,000
500
2,000
2,000
1,000
500
500
2,000
2,000
1,000
1,000
1,000
1,000
2,000
1,000
2,000
10,000
1,000
1,000
1,000
2,000
1,000
2,000
10,000
1,000
3,000
500
1,000
1,000
3,000
1,000
1,000
3,500
4,500
1,000
1,000
5,000
10,000
Amount
paid up in
Cash
LIST OF SHAREHOLDERS
SESSIONAL PAPER No. 8
THE EQUITY FIRE INSURANCE CO^i-PA^Y -Concluded.
LIST OF SHAREHOLDERS-Conc^«c/ccZ.
545
Name.
Riley, C. VV
Robertson, R. J
Robertson, Wm. J
Rogers, T. G. (in trust)
Ross, C. G ^
Rutherford, Miss Elizabeth L.
Schaefer, H. M
Seagram, A. W
Shortt, Prof, Adam
Simpson, W. Graham
Sloan, John .
Smith, Dr. A. Dalton
Smith, Dr. J. C
Smith, John
Smith, Wm
Smith, W. F
Spratt, W. A ...
Stalker, Dr. Malcolm
Stevenson, H. M
Stewart, Robert
Stickney, Stephen W
Stiver, Reuben A
Strang, Rose I
Strang, Hugh I
Strath, Robt. S
Strathy, Gerard
Talcott, Philip
Tatham, Sidford
Taylor, Alfred . .
Teasdall, Dr. W. J
Terrill, John
Tudhope, W. R
Turner, Mrs. Edith E
Turner, Mrs. Carrie T
Vandusen, W
Vandervoort, Ida M
VanNorman, Chas. C
VanNorman, H. R
Walker, John A
Waterhouse, James
Warren, Fred
Warring, George.
Wells, Dr. S. M
Wells, W. C
White, James . .
Wesley, Samuel
White, J. W
White, W. J. B. (in trust)
Wightman, Robt
Wilkins, F. W :
Wilkinson, A. W . .
Williams, Rev. D
Williams, John .»
Williams, Miss M. P
Wilson, James & Sons
Woods, Walter .. .
Yates, H. R
Young, Rev. Jno
Yule, Alex
Yule, John
Zeigler, Dr. O. H
Residence.
Ingersoll .
St. Catharines.
Toronto,.
Newmarket . . .
Aurora
Milverton
Toronto
Kingston
Toronto
Gait
Mitchell
Barrie
Tillsonburg . . .
Brockville
Philadelphia .
Hamilton
Walkerton ....
Toronto
Guelph
Buffalo, N.Y. .
Unionville
Goderich ...
Amount
subscribed
for.
Toronto...
liarrie
Bloomfield .
Listowel . . .
(^It
London
Picton
Toronto. . . .
Chatham
Toronto Jonction.
Sidney Crossing .
Toronto
Chathan
Ingersoll
Toronto Junction.
Picton
Barrie
Phillipston ...
Woodstock
Barrie
Chatham
Kingston
Owen Sound
Norwood
Barrie
Greenwood ... . . .
Cobourg
Norwood
Fei'gus
I Hamilton
Brantford
Hamilton
Harriston
Guelph
Toronto
Amount
paid up in
Cash.
2,000
100
1,000
100
1,000
100
3,000
300
1,000
100
2,000
200
500
50
1,500
150
500
50
500
50
2,000
200
4,000
400
1,000
100
2,000
200
1,000
. 100
500
50
1,000
100
1,000
100
3,000
300
1,000
100
3,000
300
500
50
500
50
500
50
1,000
100
1,000
100
5,000
500
1,000
100
2,000
200
1,000
100
11,000
1,100
2,000
200
1,000
100
2,000
200
5,000
500
1,000
100
6,000
600
4,000
400
1,000
100
2,000
200
1,000
100
500
50
1,000
100
2,000
200
1,000
100
2,000
200
1,000
100
500
50
1,QP0
100
2,000
200
1,000
100
10,000
1,000
2,000
200
1,000
100
500
50
1,000
100
1,000
100
500
50
1,000
100
2,000
200
500
50
8 -35
546 DEPARTMENT OF FINANCE— INSURANCE BRANCH
2-3 EDWARD Vli.; A. 1903
THE EXCELSIOR LIFE INSURANCE COMPANY.
LIST OF DIRECTORS— (As at December 31, 1902).
David Fasken, President ; S. J. Parker, RuliflF Grass, Vice Presidents ; Geo. Gooderham, Thos. Long*
John Ferguson, M.D., J. F. W. Ross, M.D., W. J. McFarland, Alex. Fasken, Geo. E. Weir.
W. F. Colter, R. W. Gordon, C. W. Mitchell.
LIST OF SHAREHOLDERS -(As at December 31, 1902).
Name.
Allison, W. H. R.,
Armstrong, John R
Armstrong, John - .
Bullis, W. H., M.D
Burkinshaw, F. A
Booth, Robert
Bourinot, E. W
Bennett, Edward
Breese, Wm
Ball, Wm
Brown, Mrs.- Cornelia C
Clarke, E. F., M.P
Clarke, estate of Rev. R. (Mrs. Frances Clarke,
executrix)
Clubb, A
Colter, W. F. B., L.D.S ..
Campbell, Peter
Creasor, A, D
Cooke. J. C
Coombe, F. E
Campbell, Capt. P. M
Craig, James
Dixon, Geo
Dickson, estate of W. W
Doty, C. F
Dow, W. G., M.D
Dunlop, Mrs. M. E
Ego, Angus, M.D
Ewens, Wm
Feiguson, John, M.D
Fasken, David
Foulds, J. G ,
Falls, A. F
Forham, M
Frawley, M. J
Fasken, Alex
Gaskin, Capt. J ......
Gulledge, E. H
Gillies, James. . .
Gillies, Wm
Gowan, Hon. J. R
Gordon, Alex
Gordon, Alex.f in trust
Gordon, Alex., in trust
Gooderham, Geo
Grass, Ruliff
Grass, Mrs. S. M
Howarth, Thos
Hopper, Wm. H
Henderson, Jonathan
Howell, Chas
Har\ ey, William
Johnson, J. R
Johnson, W. H., M.D
Kennedy, R. A., M.D
Kerr, W m
Knechtel, Daniel
Kilbourne, G. S
Residence.
Picton ...
Ottawa
Owen Sound . . .
Rochester, N.Y.
Toronto
Pembroke
Ottawa
Kingston
Chats worth .
Chatham
Owen Sound
Toronto
Millbrook . . .
Toronto
Sarnia
Peterboro' . . .
Owen Sound .
Kincardine. .
Colling wood .
Owun Sound .
T(5ronto
Pembroke . . .
Oakville. . .
lOwen Sound
[Pembroke . . .
I Markdale
'Owen Sound.
Toronto . . .
Johannesburg, S.A.
'Chatham
Owen Sound
iBarrie
'Toronto
jKingston
lOakville
ICarleton Place
Barrie ...
Pembroke
Toronto
! Oakville.. ..
Cobourg
Barrie
Owen Sound .
Winnipeg. . .
Streetsville . .
Fergus
Ottawa
Cobourg . . .
Hanover . . .
Owen Sound
Amount
subscribed
for.
150
1,000
1,000
1,000
500
5,000
500
1,000
100
500
2,000
1,000
1,000
100
5,000
500
2,500
500
500
500
200
400
1,000
1,000
3,500
1,000
500
2,000
1,500
19,600
2,000
500
1,000
1,000
1,000
2,000
3,500
5,500
5,500
6,500
2,000
1,000
1,000
57,100
17,400
3,700
2,500
1,000
1,000
1,000
8,700
300
1,000
1,000
100
500
1,000
Amount
paid •
in Cash.
15
150
150
150
75
750
75
150
15
75
300
150
150
15
750
75
375
75
75
75
30
60
150
150
525
150
75
300
225
17,940
300
75
150
150
150
300
525
825
825
975
300
150
150
8,565
2,610
555
375
150
150
1.50
1,305
45
150
l.OO
15
75
150
LIST OF SHAREHOLDERS
SESSIONAL PAPER No. 8
THE EXCELSIOR LIFE INSURANCE CO^YPA^Y— Concluded.
LIST OF DIRECTORS-Conc?Mc?grf.
547
Name.
Residence.
Latimer James, estate of Carleton Place .
Long, Thos Toronto
Laird Bros Dresden
Mitchell, C. W . . . . Ottawa
Morgan, J. D jDundalk
Macpherson, Angus [Markdale
McKean, Edw. W [Toronto
McCleary, Wm iThorold
McCarroll, Thos iMeaford
McCormick, Andrew iOttawa.
I Chats worth.
Toronto
Owen Sound .
Holland Centre.
Owen Sound . . .
Sarnia
Barrie
McCullough, Thos,
McDonald, John
McFarland, W. J
McFaul, A. W
Notter, Mrs. F. J
Osborne, Mrs. M. J
Parker, S.J
Price, Carson
Redfern, J. W
Robertson, Capt. W. Tate
Ronan, J. H
Ross, MissM. E
Ross, W. A., M.D
Ross, James
Ross, J. F. W., M.D
Shaw, Abraham
Schmidt, Geo
Smart, A. M., in trust .
Smith, H. B
Tinning, J. B
Thompson, J. E
Whiteside, T. R IToronto ....
Wells, W. C IBuffalo, N.-Y
Wells, Mrt. W. C |
Woolings, J ames Toronto
Toronto
Kingston . . .
Pembroke . .
London . . . .
Owen Sound.
Toronto
Arnprior
Weir, Geo. E.
Weir, Mi.ss Caroline. . .
Weir, Miss Catherine.
Wedge, Geo
Dresden ,
Carleton Place ,
Amount I Amomit
subscribed paid
for. in Cash.
Total.
400
2,000
1,500
1,000
1,500
1,000
1,500
200
100
1,000
500
500
5,500
900
4,000
500
8,500
300
1,000
500
1,000
500
600
1,000
6,000
200
500
2,100
3,500
100
500
200
100
100
400
2,000
3,000
3,000
300
60
300
225
150
225
150
225
30
15
150
75
75
825
135
600
75
1,275
45
150
75
150
75
90
150
900
30
75
315
525
15
75
30
15
15
60
300
450
450
45
$350,900 $52,635
8-35J
548 DEPARTMENT OF FINANCE-INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
THE FEDERAL LIFE ASSURANCE COMPANY OF CANADA.
LIST OF DIRECTORS-(As at December 31, 1902).
M. H. Aikins, M.D., David Dexter, Hon. Geo. E. Foster, Hon. J. M. Gibson, Wm. Kerns, Hugh Murray,
Hon. E. McLeod, John Potts, D.D., Rev. John G. Scott, Rev. A. E. Russ, John Wakefield, D.D.,
A. Woolverton, M.D., T. H. Macpherson.
LIST OF SHAREHOLDERS-(As at December 31, 1902).
Name.
Aikins, M. H., M.D
Austin, W. H.. .
Agar, Amos, estate
Atherton, Alfred B
Aikins, H. W., M.D
Aikins, Mrs. Amie D
Alton, Mrs. Charlotte K
Bowes, Jos. W
Beatty, Jas. H., estate of . . .
Brock, Mrs. Marion
Broadfield, Mrs. M
Bates, Thomas P
Burns, Miss S. C
Cline, Mrs. Sarah.. ..... . .
Cobb, Rev. Thomas
Colli Ag, Rev. Thomas
Campbell, Mrs. E. H
Coleman, Miss Helena J . . .
Curry, Isaac
Cummings, Samuel, M.D..
Dexter, David
Dexter, David, intrust... .
Dexter, Mrs. I
Dawson, H. W
Dever, Jas. and Patrick . . .
Davis, W. H
Edgecombe, F. B
Fleming, D. G., M.D
Fairfield, B. C
Foster, Hon. G. E
Freeman, Jas. A
Gundy, Rev. Jas., estate.
Griffith, Rev. Thomas
Goodwin, James
Gibson, Hon. J. M
Haslett, Thos. C.
Haslett, Thos . C . , in trust
Harris, Rev. Jas
Hanson, Chas. A
Hanson, Wm
Hunter, William
Hanger, Harriet
Hanger's Slate Works
Hewitt, Rev. W. J., estate
Hay, W. D
Hough, Mrs. Annie M
Irwin, Jas., estate
Kerns, William
Kerns, William, in trust . . .
Kettlewell, Rev. Wm
Kinghorn, Wm
Leitch, Rev. R. H
Lund, Elizabeth
Might, Rev. Samuel
Residence.
Burnhamthorpe . .
Tienton
Brampton ...
Fredericton, N.B.
Toronto
Cleveland, Ohio. . .
Nelson, Ont
Boyne
Toronto
Kingston .
Toronto
Hamilton
Appleby..
Toronto . .
Wiarton , .
Peterboro'
Toronto . .
Hamilton
Toronto
Fredericton, N.B. .
Hamilton
Fredericton, N.B...
Chatham
St. Catharines
Toronto
Brantford
Scotland, Ont
Quebec.
Grimsby
Hamilton
Guelph .
Montreal
Hamilton
Hyderville, Vt., U.S
Liverpool, Eng.
Toronto ... .
Prescott . . .
Burlington,
Mt. Forest . . .
Douglas, N.B.
Picton
Mt. Forest
Smith's Falls..
Amount
Subscribed.
Amount
paid in Cash.
Manley, Rev. J. G, iDeer Park.
20,000
2,600
10.000
1,300
6,000
780
1,000
130
15,000
1,950
10,000
1,300
5,000
650
10,000
1,300
47,400
6,162
1,400
182
5,000
650
7,100
923
5,000
650
5,000
650
1,000
130
3,600
468
1,000
130
2,000
260
2,000
260
10,500
1,365
33,600
4,368
191,700
24,921
10,000
1,300
2,000
260
1,000
130
5,000
650
1,400
182
2,000
260
5,000
650
2,000
260
3,000
390
2,000
260
2,500
325
5,000
050
2,000
260
25,000
3,250
20,000
2,600
7,100
923
4,300
559
3,600
468
3,000
390
1,600
208
200
26
4,000
520
1,400
182
10,000
1,300
.5,000
650
21,500
2,795
15,000
1 1,950
5,000
650
1,000
130
2,500
325
5,000
650
10,000
1,300
1,000
130
LIST OF SHAREHOLDERS
SESSIONAL PAPER No. 8
FEDERAL LIFE ASSURANCE COMPANY OF GXl^iADA-Concluded.
LIST OF SHAREHOLDERS -Conc^w(i6tZ.
549
Name.
Residence.
Holyoke, Mass.
Hamilton
Toronto . . .
Chatham .
St. John . . .
Hamilton . .
Vancouver.
Hamilton. .
Toronto . . .
Ottawa . . .
Winnipeg.
Toronto . .
Metcalfe, Clara W
Morris, R. S..
Murray, Hugh
McCallum, Rev. Jos. W., estate
Mclntyre, Rev. C. E
McLeod, Hon. E
Macpherson, T. H
Mac Adam, Mrs. S
McLachlin, Mrs. A. E
McCutcheon, Mrs. M. J. O
Potts, Rev. John
Potts, Rev, John, in trust
Potts, Margaret
Potts, John E
Potts, Frank H
Potts, Margaret E
Potts, Edna R
Popham, M. E
Russ, Rev. A. E
Ross, Rev. Jas. S .
Richardson, Rev. Jas. E
Russ, Esther C. . . . .
Scott, Rev. John G
Shepherd, Rev. W. W
Scott, Rev. John
Smoke, S. C
Sharp, L. N., M.D
Sutherland, Rev. A
Strachan, E. S
Sutherland, Helena
Turk, Rev. Geo. R
Thomson, Jas
Van Wart, Louise
Wakefield, Rev. John.. ..
Willmot, Austin, estate ...
Watson, Rev. W. C
Wakefield, Daniel, estate of . j Washington, Ont
Warden, Rev. Robert H jToronto
Whiting, Rev. R., estate
Wood, Hon. Josiah
Woolverton, A., M.D.
Woolverton, A., M.D., in trust
Wright, Dr. H. A
Willoughby, Mrs. A. K
Wilson, Mrs. Isabella. . .
Woolverton, Theoron
Montreal. . .
Beamsville.
Walkerton ,
Kingston . .
Beamsville.
Ingersoll . ,
Muncey . . .
Toronto . . .
MinneaiX)lis, Minn .
Toronto
Hamilton
Toronto
Hamilton. .
Montreal .
Paris, Ont.
Milton
Eramosa, Ont
Kingston
Sackville, N.B.
Hamilton
Detroit, Mich
Exeter, Ont. . ,
Toronto
New York
Amount
subscribed.
7,200
5,000
10,100
1,400
2,000
2,000
20,000
3,600
8,000
32,500
15,000
15,000
1,000
2,500
2,500
2,500
2,500
2,800
31,400
2,900
10,000
4,300
57,500
1,400
1,000
2,900
1,000
2,000
9,500
15,900
11,400
3,000
2,000
22,500
10,000
8,000
1,400
2,500
10,000
2,000
21,500
15,000
6,000
10,000
14,300
2,600
Amount
paid in Cash.
% 1,000,000
650
1,313
182
260
260
2,600
468
1,040
4,225
1,950
1,950
130
325
325
325
325
364
4,082
377
1,300
559
7,475
182
130
377
130
260
1,235
2,067
1,482
390
260
2,925
1,300
1,040
1S2
325
1,300
260
2,795
1,950
780
1,300
1,859
£38
$ 130,000
I
550
DEPARTMENT OF FINANCE— INSURANCE BRANCH
2-3 EDWARD V!l. A. 1903
THE GREAT WEST LIFE ASSURANCE COMPANY.
LIST OF DIRECTORS-! As at December 31, 1902).
J. H. Brock, Managing Director; Alexander Macdonald, President ; J. Herbert Mason, Esq., Hon. Hugh
J. Macdonald, K.C., and George F. Gait, Esq., Vice-Presidents ; A. M. Nan ton, Esq., P. C. Mc-
Intyre, Esq., George R. Crowe, Esq., R. T. Riley, Esq., Andrew Kelly, Esq., J. Y. Payzant, Esq.,
Sir Daniel H. McMillan.
LIST OF SHAREHOLDERS— (As at December .31, 1902).
Name.
Anderson, J. P., estate of .
Anderson, J. W
Ashdown, J. H
Aikins, J. S .
Anderson, J. E
Allan, Rev. James
Alloway, A. F. .
Ashdown, Mrs, Martha J
Audette, L. A .
Allan, G. W
Aikins, J. A. M
Bond, J. M
Brock, W. R
Baker, E. Crow
Baskerville, C. A
Bright, A..
Brock, J. H
Beck, H. H
Bawlf, N .
Blanchard, R. J., M.D. .
Beck, G. S., M.D..
Byrnes, Henry
Bartlett, C
Campbell, Peter
Cross, A. E.
Cowan, James, M.D
Cain, J., estate of
Carscaden, Miss C. E
Carscaden, J. D
Champion, H. T
Cross, Wm
Campbell, L, K.C. ...
Campbell. R. J
Canjpbell, Magdalen
Campbell, H. M
Cameron, A
Chown, H. H., M.D
Cass, Edward . .
Clayton, F. W
Crowe, Geo. R
Clark, Samuel P
Campbell, C. S., K.C ...
Culver, W. H., estate of.
Dunsford, Mrs. J .
Donald, W. A
Dick, Miss S
Duffin, S., estate of
Drewry, E. L
Dancer, Chas. H
Dixon Bros
Ewen, A , .
Erb, L. E., estate of
Elliott, Mrs. E
Fullerton, William
Eraser, J. M
Frame, J. F
Residence.
Carberry .
Winnipeg.
SaultSt. Marie...
Winnipeg
Portage la Prairie.
Ottawa
Winnipeg
Guelph, Ont .
Toronto
Victoria, B.C.
Winnipeg
Port Arthur.
Winnipeg
Carman
Calgary .
Portage la Prairie . . .
Virden, Man
Riverside, California.
Winnipeg.
Montreal .
Winnipeg,
Toronto . .
Oak Lake, Man.
Winnipeg
Portage la Prairie.
Winnipeg
Montreal
Winnipeg
Morden, Man.
Pilot Mound. . .
Winnipeg . . . .
Maple Creek ; . . .
New Westminster.
Victoria, B.C
New Westminster.
Montreal
Pilot Mound
Virden, Man
Number
of
Shares.
4
2
150
20
10
10
25
5
25
30
40
5
50
20
20
10
30
3
10
50
20
10
45
20
4
20
20
20
20
20
10
21
10
10
10
10
50
4
10
45
16
50
30
2
20
40
10
20
5
70
25
10
25
20
5
20
Amount
subscribed.
400
200
15,000
2,000
1,000
1,000
2,500
500
2,500
3,000
4,000
500
5,000
2,000
2,000
1,000
3,000
300
1,000
5,000
2,000
1,000
4,500
2,000
400
2,000
2,000
2,000
2,000
2,000
1,000
2,100
1,000
1,000
1,000
1,000
5,000
400
1,000
4,500
1,600
5,000
3,000
200
2,000
4,000
1,000
2,000
500
7,000
2,500
1,000
2,500
2,000
500
2,000
Amount
paid
in Cash.
List of shareholders
SESSIONAL PAPER No. 8
GREAT WEST LIFE ASSURANCE COMPANY— Confmtterf.
LIST OF SHAREHOLDERS— Confmucd.
551
Name.
Forsyth, George Winnipeg
Fletcher, Mrs. A New York
Finley, F. G., M.D Montreal
Fyshe, Thomas n
Eraser, A. W Ottawa
Flumerfelt, A. C Victoria
Farrell, E., estate of Halifax
Fisher. Mrs . . , Brandon. ...
Galbraith, R. L. T Fort Steele
Garland, Wm, estate of Portage la Prairie .
Gait, Geo. F Winnipeg. . .
Girvin, J. A . n
Galletly, A. J. C Victoria, B.C. .
Gordon, J. C Winnipeg.
Graham, H. C Brandon
Gait, Margaret Winnipeg
Green, Mary C .... Prescott, Ont
Gait, John Winnipeg
Henderson, F. G. A . Brandon
Howitt, H., M.D Guelph, Ont
Hillier, George Moyie, B.C . . .
Hall, J. D Vancouver .. ...
Hall, Miss E. E Victoria
Holland, C. A „ . .
Hamilton, L. A Winnipeg
Hartley, T ,
Hutchings, E. F n
Hogg, Rev. J It
Housser, I. W it
Henry, John Don, Ont
Henry, Miss Jane i. .
Henry, William.. Wexford, Ont
Henry, James Don, Ont
Halstead, Rev, W Portage la Prairie.
Henderson, H. E Brandon
Hendrie, J. S Hamilton
Hunt, John D Carberry
Johnston, W Winnipeg
Irving, John Victoria, B.C . . .
Jardine, A Winnipeg
Keddy, John Brandon
Kelly, A
Kerr, Robert Montreal
Langley, Charles Toronto
Little, J. W London, Ont
Logan, W. M McGregor
Meredith, H Brandon
Marsh, G. W Elkhom, Man . . .
Morton, Ed Carberry ....
Marsh, D. W Calgary
Marlatt and Housser Portage la Prairie.
Milroy, T. M., M.D Winnipeg
Millar, T. B Portage la Prairie.
Marsh, G. T Regina
Mason, J. Herbert Toronto
Marvin, E. B Victoria , . . .
Muttlebury, G. A .j Winnipeg
Mundie, J i
Morse, F. M . . m
Mudge, H. J Montreal
Marani, C. J Vancouver ...
Mitchell, Wm. J iToronto
Residence.
Number
of
Shares.
10
10
10
10
6r.
10
1
4
30
20
50
2
5
10
100
20
20
15
10
20
5
5
30
5
20
20
80
10
20
10
10
10
10
5
35
10
2
20
6
la
20
5
5
10
20
40
5
5
20
10
50
20
52
200
20
20
8
4
20
60
10
Amount
subscribed.
3,000
1,000
1,000
1,000
1,000
6,500
1,000
100
400
3,000
2,000
5,000
200
500
1,000
10,000
2,000
2,000
1,500
1,000
2,000
500
500
3,000
500
2,000
2,000
8,000
1,000
2,000
1,000
1,000
1,000
1,000
500
3,500
1,000
200
2,000
600
1,000
2,000
500
500
1,000
2,000
4,000
500
500
2,000
1,000
5,000
2,000
5,200
20,000
2,000
2,000
800
400
2,000
6,000
1,000
Amount
paid
in Cash.
750
250
250
250
250
1,625
250
25
100
750
500
1,250
50
125
250
2,500
500
500
375
250
500
125
125
750
125
500
500
2,000
250
500
250
250
250
250
125
875
250
50
500
150
250
500
125
125
250
500
1,000
125
125
500
250
1,250
500
1,300
5,000
500
500
200
100
500
1,500
250
552
DEPARTMENT OF FINANCE-INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
GREAT WEST LIFE ASSURANCE COMV A^Y- Ctmtinued.
LIST OF SHAREHOLDERS-OontwiMai.
Name.
Monk, Geo. W
McDiarmid, John, M.D
McNaughton, R. D
McLaren, J. B
McLenaghen, James ...
McNee, Mrs. I
McQuaker, Wm. = . . .
Macdonald, A
Mclntyre, P. C
McMillan, D. H....
Macdonald, H. J
McKenzie, Kenneth
Macdonald, Mrs. A , . . .
McDonald, D. H
Macdonald, J. C . .
Nanton, A. M
Nation, F
O'Connor, D
Peterson, C. W .
Phillips, F
Paddon, J. A . . .
Patton, F. L
Purdon, W. F., estate of
Parsons, Silas R .
Phair, R. and W. Clarke, executors.
Payzant, John Y
Quinn, John
Rogers, W. G
Robinson, T. W
Robson, D , .
Reed, Hayter .
Riley, R. T
Rogers, Edith
Russell, J. J
Rowand, Rev. W. L. H . .
Richardson, R. D., in trust
Ralston. A. J
Riley, C. S
Rowand, S. M
Stickle, T. D.
Stidson, R., estate of
Smith, T. D
Smyth, J. C '
Sprague, D. E
Stewart, R
Smyth, S. M
Say ward, J. A ,
Spring-Rice, B, W
Scott, R. R
Spring-Rice, G
Thornton, R. S
Tufts, J. F
Unsworth, W. B
Vernon, Hon. F. G
Wilson-Smith, R
Wilson, D. H., M.D
Waddell, Mrs. E. M
Wickson, A .
Wilson, R. R
Whyte, Wm
Wheeler, C. H
Wilson, W. F
Wilkie, D. R
Whimster, Peter
Residence.
South March, Ont
Brandon
Moosomin
Winnipeg. .
Toronto
Windsor, Ont
Winnipeg ,
II
II
II
II
II
II
Fort Qu'Appelle . .
Winnipeg
II
Brandon
Ottawa
Chicago
WinnijDeg
Lindsay, Ont. ... ,
Winnipeg
II
Toronto
Winnipeg
Halifax
Brandon
Carberry ,
Moosejaw
New Westminster
Quebec
Winnipeg
Fort William '.'..'..
Winnipeg , .
St. John
Winnipeg ... ...
Fort William
Carberry
Portage la Prairie .
Winnipeg. ......
Ontario, Cal
Winnipeg
Strathroy, Ont
Victoria
Regina . . . . . , ,
Winnipeg
Regina
Deloraine
Wolfville, N.S....
Toronto
Victoria, B.C
Montreal
Vancouver
Winnipeg
II
II
II
M
Berlin, Ont
Toronto
Portage la Prairie.
Number
of
Shares.
Amount
Subscribed.
Amount
paid
in Cash.
%
%
20
2,000
500
10
1,000
250
5
500
125
10
1,000
250
30
3,000
750
40
4,000
i,or»o
20
2,000
500
80
8,000
2,000
40
4,000
1,000
20
2,000
500
100
10,000
2,500
10
1,000
250
10
1,000
250
10
1,000
250
10
1,000
250
90
9,000
2,250
10
1,000
250
10
1,000
250
10
1,000
250
20
2,000
500
5
500
125
5
500
125
5
500
125
60
6,000
1,.500
10
1,000
250
20
2,000
500
1
100
25
2
200
50
10
1,000
250
5
500
125
10
1,000
250
50
5,000
1,250
5
500
125
5
500
125
6
600
150
5
500
125
20
2,000
500
10
1,000
250
4
400
100
10
1,000
250
20
2,000
500
10
1,000
250
12
1,200
300
10
1,000
2.50
10
1,000
250
20
2,000
500
20
2,000
500
20
2,000
500
5
500
125
20
2,000
500
5
500
125
45
4,500
1,125
10
1,000
250
50
5,000
1,250
50
5,000
1,250
20
2,000
500
20
2,000
500
40
4,000
1,000
10
1,000
250
5
500
125
10
1,000
250
20
2,000
500
20
2,000
500
40
4,000
1,000
LIST OF SHAREHOLDERS
SESSIONAL PAPER No. 8
GREAT WEST LIFE ASSURANCE COM.VA-^Y -Concluded.
LIST OF SHAREHOLDERS— Co7ic/Mrfcrf.
553
Name.
Residence.
Number
of
Shares.
Amount
Subscribed.
Amount
paid
in Cash.
White Wm Lieut -Col CMC
Ottawa
10
40
10
1,000
4,000
1,000
250
Worth, Arthur
Toronto
1,000
250
Total
4,000
$400,000
$100,000
554 DEPARTMENT OF FINANCE— INSURANCE BRANCH
2-3 EDWARD VII., A. 190a
THE GUARANTEE COMPANY OF NORTH AMERICA.
LIST OF DIRECTORS -(As at December 31, 1902).
Edward Rawlinprs, President and Manj^ing Director ; Hartland S. MacDougaJl, Vice-President ; Robert
Kerr, Secretary and Treasurer ; E. S. Clouston, Geo. Hague, William Wainwright, Hon. E. C.
Smith, H. W. Cannon.
LIST OF SHAREHOLDERS-(As at December 31, 1902),
Name.
Buchanan, W. J
Clouston, E. S . . -
Dixon, B. Homer ...
Gilroy, Mrs. B
Gird wood, G. P., M.D., in trust
Gibb, Jas. D., estate of.
Gunn, Geo. C
Gunn, Theresa M
Gundry, Mrs. M. A .
Hague, George
Hall, Benjamin, estate of
Hamilton, John
Kerr, Robert
Morrice, D
Macfie, R. C
MacDougall, H. S
McCulloch, Wm
McCulloch, Robertson
McCulloch, Henry
McCulloch, Robertson, and Royal Trust
Co., Trust 1
McCulloch, Robertson, and Royal Trust
Co., Trust 2
Mackintosh, J. C
MacDougall Bros., special
Nelles, R. Campbell, & Robert Craick,
M.D., executors
O'Brien, James
Piddington, Thos. A
Piddington, Sanmel
Piddington, Alfred
Piddington, Mrs. Annie, Institute
Ross, .James G., estate of
Riddell, Alex. F ".
Ramsay, William
Rawlings, Edward
Rawlings, Edward, in trust for —
Rawlings, Miss A. L
Rawlings, Miss E. M
Rawlings, Miss K. N. B
Rawlings, George W
Rawlings, H. E. A
Rawlings, W. T
Smith, Larratt W
Stayner, Mrs. H. R.'
Strickland, Mrs. C. C
Torrance, Mrs. M. W
Torrance, John
Thomson, Geo. H
Waddell, Mrs. M. C
Walker, James R
Walker, Kenneth McL
Withall, Wm. J., estate of
Withall, Mrs. E
Wainwright, Wm
Amies, G. R. W
Armond, W. C. de
Atkins, Edw. F
Burroughs, H. N., estate of
Toronto .
Winnipeg.
Montreal .
Residence.
Montreal ,
London, Ont.
Toronto . .
Montreal . . .
Quebec . . .
Montreal .
London, Ont.
Montreal
Halifax, N.S.
Montreal
Quebec . .
Ottawa .
Montreal
Quebec , ,
Montreal .
Toronto . .
Montreal ,
Toronto .
Lakefield, Ont.
Montreal
Quebec .
Montreal
New York
Philadelphia, Pa . .
Boston, Mass . .
Philadelphia, Pa.. ,
Number
of
Shares.
40
25
100
75
34
30
10
10
75
20
80
50
20
60
20
350
6
6
(3
6
6
1,252
210
. 50
21
21
21
21
120
10
60
6,349
6
5
5
5
5
5
100
280
30
711
?0
60
14
6
44
86
20
50
600
100
100
50
Amount
subscribed
for.
2,000
1,250
5,000
3,750
1,700
1,500
500
500
3,750
1,000
4,000
2,500
1,000
3,000
1,000
17,500
300.
300
300
300
300
300
62,600
10,500
2,500
1,050
1,050
1,050
1,050
6,000
500
3,000
317,450
300
250
250
250
250
250
5,000
14,000
1,500
35,550
1,000
3,000
700
300
2,200
4,300
1,000
2,500
30,000
5,000
5,000
2,500
Amount
paid
in Cash.
2,000
1,250
5,000
750
340
1,500
lOO
100
750
1,000
4,000
2,500
1,000
600
20O
3,500
60
60
60
60
60
60
12,520
10,500
500
1,050
1,050
1,050
1,050
i;200
100
3,000
111,570
300
250
250
250
250
250
5,000
10,800
300
8,110
200
3,000
700
60
440
4,300
1,000
1,500
10,000
1,000
5,000
2,500
LIST OF SHAREHOLDERS
SESSIONAL PAPER No. 8
GUARANTEE COMPANY OF NORTH AMTSiRlCX- Concluded.
LIST OF SHARE HOLDERS- Conciuc?€cZ.
■55.
Name.
Bullions, Mrs. L. C
Barr, John W., Jr
Caldwell, Miss Mary
Clark, C. P
Commegys, B. B., estate of
Cuyler, Thos. de Witt
Cannon, H. W
Chafee, Mrs. M. F., estate of
Chafee, Z
Cooley, Theo.....
Dunham, Mrs. Alice
Duncan, W. Butler ....
Dohrman, Mrsj. E
Dickson. Mrs. S. H . .
Day, Mrs. Lillie M
Erringer, J. L ...
Gregerson, Mrs. M. E
Gibbs, Edwd. N., estate of
Garrison, Sallie E
Gorman, George J ...
Gregerson, G. VV
Hartshorne, Charles
Howell, J. T
Jesup, M. K , . .
Jones, Hon. J. Russell
Keech, W. H
Luce, Mrs. E. T., -administratrix . . . .
Lloyd, D. McK
Loutrel, Cyrus F., estate of
Merrill, C. L
Metzger, W. E
Morris, Geo. W
Messier, Mrs. M. R
Messier, Eugene L
Messier, Remsen V
Mintum, Mrs. S. S
McCock, Willis F.
McCoy, Mrs. Mary E
McClintock, Mary G
Noel, Miss Mamie F
Pennsylvania Co., for insurance on lives
and granting annuities, &c. — Trustees
under will of Jos. W. Drexel, deceased.
Pell, Alfred, estate of
Pulsford, J. E
Quarier, Cushman .
Ricketson, Clementine G , .
Rolph, W. T
Smith, Hon. J. Gregory, estate of
Sabine, Mrs. J. Lee, estate of
Schoonmaker, James M
Stites, John
Thaw, Wm. M
Thaw, Elizabeth B
Thompson, W. R
Walton, Samuel B
Winslow, Gen. E. T
Willock, James H
Residence.
Troy, N. Y
Louisville, Ky . . .
Troy, N. Y
Syracuse, N. Y
Philadelphia, Pa....
Philadelphie, Pa . .
New York, N.Y....
Boston, Mass
Providence, R.I...
Nashville, Tenn. . . .
Boston, Mass
New York
Alleghany City, Pa
Pittsburg, Pa . .
Philadelphia, Pa.
Boston, Mass . . . .
Norwich, Conn . .
Pittsburg, Pa....
Boston, Mass , .
Philadelphia, Pa . .
Nashville, Tenn. . . .
New York, N.Y....
Chicago, 111
Pittsburg, Pa
Boston, Mass
Pittsburg, Pa
South Orange, N.J.
Pittsburg, Pa
Nashville, Tenn ....
Louisville, Ky
Pittsburg, Pa
Duquesne, Pa
Pittsburg, Pa
New York, N. Y. . .
Pittsburg, Pa
Alleghany City, Pa.
Pittsburg, Pa
Nashville, Tenn. . . .
Philadelphia, Pa.
Louisville, Ky . .
Pittsburg, Pa . .
Louisville, Ky . . .
St-Albans, Vt
Philadelphia, Pa
Pittsburg, Pa . . .
Louisville, Ky . . ,
Pittsburg, Pa.. ..
New York, N.Y,
Pittsburg, Pa. .
Number
of
Shares.
Total 13,372
5
10
5
30
20
20
100
5
5
50
5
30
2f>
6
8
50
5
40
14
10
10
50
10
200
20
15
20
10
50
10
10
10
14
14
28
200
5
20
13
10
200
40
120
10
13
10
100
60
20
10
5
5
20
20
100
10
Amount
subscribed
for.
250
500
2.50
1,500
1,000
1,000
5,000
250
250
2,500
250
1,500
1,000
300
400
2,500
250
2,000
700
500
500
2, .500
500
10,000
1,000
750
1,000
500
2,500
500
500
500
700
700
1,400
10,000
250
1,000
650
500
10,000
2,000
6,000
500
65()
500
5,000
3,000
1,000
500
250
250
1,000
1,000
5,000
500
$668,600
Amount
paid
in Cash.
250
500'
250
1,500
1,000
1,000
5,000
250
250
2,500
250
1,500
1,000
300
400
500'
' 250
2,000
700-
500
100
2,500-
50O
2,000
1,000
750
1,000
500
2,500
500
500
500-
700
700-
1,400
10,0(0
250
1,000
650
500-
10,000
2,000'
6,000
500
650
50O
5,000
3,000
1,000
500
250
250
1,000
1,000
1,000
500
$304,600
556 DEPARTMENT OF FINANCE-INSURANCE BRANCH
2-3 EDWARD Vil., A. 1903
THE HOME LIFE ASSOCIATION OF CANADA.
LIST OF DIRECTORS— (As at December 31, 1902).
Hon, Richard Harcourt, President ; John Firstbrook, 1st Vice-President ; John S. King, 2nd Vice-
President ; A. J. Pattison, Managing Director ; Geo. E. Aniyot, Rev. Wm. Briggs, D.D., T. W.
Boddy, James W. Curry, K.C., Hon. Thos. Duffy, Prof. N. F. Dupuis, M.A., F.R.S.C., Fred Diver,
Thos. Elliott, John Hillock, T. H. Parker R. A. Wood, E. E. Webb. Advisory Directors : Jas. R.
Inch, LL.D., Hon. J. W. Longley, Prof. J. F. Tufts, D.C.L., J. S. Hough, Ashmore Kennedy,
H. C. Graham, Thos. McCaffry, Chas. E. Stevenson.
LIST OF SHAREHOLDERS— (As at December 31, 1902).
Name.
Address.
Toronto . .
It
Kingston . .
Emerson . .
Revelstoke.
Paris .
Quebec
Adolph, H. L ... i Brandon .. .
Annandale, T. S iNew Westminster.
Apps, Mrs. C ' Paris . .
Apps, Mrs. E. C i ^^
Apted, W. H
Apted, Edward
Anglin, Robert D . .
Aime, Chas
Ainsworth, Wm .
Austin, E. E
Apps, E. O
Amyot, Geo. E
Awde, Rev. James Merritton.
Austin, Charles E iSimcoe
Anderson, Edward [Portage la Prairie.
Argue, W. P Winnipeg
Armstrong, George C jPortage la Prairie .
Armstrong, Robt I Paris
Agnew, J. H Virden
Armstrong, Miss E. M . Vancouver
Atkinson, Miss M. A Hamilton
Arthur, R. H Sudbury
Andrews, H Vancouver
Adams, H. J Calgary
Baisley, Mrs. J North Bay
Boddy, T. W Portage la Prairie.
Bates, Thomas Toronto
Beaton, Miss A. A 'Kingston
Brick, N. W ; „
Bedford, S. A iBrandon
Brisbin, J. P „
Burton, Mrs. W Medicine Hat. . . .
Bedford, N Morden
Bemrose, C. D Neepawa
Boyle, R. C, M.D Vancouver
lialdwin, J. M Killarney
Baldwin, Mrs. A Manitou
Briars, W. S jCalgary
Bolten, Miss E jOttawa
Brooks, E. C jNanaimo
Briggs, Rev. Wm., D.D IToronto
Barker, T. M \ Vancouver
Brydone-Jack, W. D., M.D ; „
Barker, Robert iToronto
Burr, M. W.
Buxton, H. H . .
Boulton, F. J.
Bascom, A. M..
Beale, C. J
Bishop, C. P . . .
Brow, J. T. ...
Bridges, H. S .
Barnes, J
Burgess, P. G . .
Bulgin, E. J . . .
Breden, Mrs. A
Guelph.
Deloraine.
MacLeod
Toronto . .
London. . .
Athens . . .
Moosoniin
St. John..
Calgary . .
Lindsay . .
Montreal .
Kingston .
Amount
Subscribed.
Amount
paid up.
500 00
68 00
1,000 00
200 00
2,400 00
80 00
800 00
80 00
100 00
20 00
100 00
20 00
2,000 00
1,000 00
200 00
4,000 00
800 00
5,000 00
1,000 00
1,000 00
200 00
5,000 00
1,000 00
600 00
600 00
600 00
120 00
1,000 00
200 00
1,000 00
200 00
1,500 00
300 00
800 00
160 00
200 00
5,000 00
LOOO 00
1,000 00
2,000 00
200 00
1,000 00
200 00
1,000 00
200 00
800 00
160 00
20,000 00
4,000 00
200 00
40 00
800 00
160 00
3,000 00
600 00
3,000 00
600 00
1,000 00
200 00
1,000 00
200 00
2,000 00
400 00
2,000 00
400 00
5,000 00
1,000 00
200 66
1,000 00
200 00
2,000 00
400 00
1,000 00
200 00
1,000 00
200 00
5,000 00
1,000 00
2,000 00
400 00
4,000 00
800 00
3,000 00
600 00
1,000 00
200 00
1,000 00
136 00
500 00
100 00
2,000 00
400 00
1,000 00
200 00
300 00
60 00-
500 00
100 00
500 00
7,000 00
1,200 00
1,000 00
200 00
1,000 00
200 00
2,000 00
400 00
LIST OF SHAREHOLDERS
SESSIONAL PAPER No. 8
HOME LIFE ASSOCIATION OF GX^AJ} A- Continued.
LIST OF SHAREHOLDERS— Con<mwg<;.
557
Name.
Burgess, E
Birbeck, J. N
Butchart, M. J
Blackadar, A. D., M.D,
Barker, S., M.P.P
Charlesworth, E. C
Charest, J. C. B., M.D
Cappon, Prof. J., M.A.
Calder, J. A
Cain, John
Campbell, D. D
Campbell, Miss E. W
Address.
Manitou ...
Boissevain .
Carman . . .
Montreal . .
Hamilton .
Guelph . . . .
Montreal . .
Kingston . .
Regina . .
Virden
Manitou . .
Broadview
M.A iGuelph.
North Bay
Portage la Prairie.
Oak Lake
Kingston
Hamilton .
Kingston .
Areola. . .
Sudbury ..
Calgary . .
Winnipeg.
Kingston .
Cassidy, Rev. F. A
Casey, Mrs. R. R „ ...
Cartmell, Miss M. J Hamilton
Copeland, J. S. . Brockville
Cameron, Rev. A. A lOttawa . . .
Cameron, A. L Calgary . .
Corridan, P 'Toronto . .
Challoner, Miss A. A I n
Coady, R. T
Cockerhne, John.,
Cowan, James, M.D.
Cameron, A. A
Cochrane, Mrs. C
Cochrane, J. B
Chew,Wm
Chown, Miss H. L
Cook, A. B ...
Chapin, F. B
Cross, A. E
Corbett, Samuel C, M.D.
Crisp, Miss C. E
Crisp, Miss S. J
Cross, John
Curry, Miss E
Curry, Miss M. A . . .
Crispo, F. W. S
Curry, Alfred
Cunningham, H. C, M.D
Curry, J. W., K.C
Cunliffe, J. H
Crawford, Wm
Campbell, J. E
Cardell, Jno
Connell, W. T., M.D
Davidson, Joseph
Davis, F. L
Davies, Mrs. E
Deane, M
Day, Geo. E
Day, Mrs. T. M
Davidson, J. R j Winnipeg
Davidson, Mrs. E Guelph
Davidson, J. A u . . . .
Daniel, E
Dane, R New Glasgow .
Deacon, Thomas R iRat Portage . .
North Bay. . .
Hamilton
11
Quebec
Souris
Carman
Toronto
Medicine Hat
Carman
Calgary
Kingston
Manitou..
Neepawa
Toronto
Buffalo
Guelph
Amount
Subscribed.
Amount
paid up.
Donald, George W
Doherty, M. W., M.A....
Dickie, N
Dupuis, Prof. N. F., M.A
Diver, Fred
Drausfield, E. R
Drummond, F. A
Winnipeg.
Guelph
Carberry . .
Kingston . ,
Toronto . .
Winnipeg.
2,000 00
2,<K)0 00
400 00
1,000 00
200 00
1,500 00
300 00
1,000 00
200 00
1,000 00
200 00
2,000 00
400 00
3,000 00
600 00
1,000 00
200 00
2,000 00
400 00
2,000 00
400 00
2,000 00
200 00
2,000 00
1,000 00
200 00
400 00
80 00
1,000 00
200 00
1,000 00
200 00
2,000 00
400 00
1,200 CO
80 00
2,000 00
400 00
500 00
100 00
1,000 00
200 00
5,000 00
1,000 00
4,000 00
800 00
2,000 00
400 00
1,000 00
200 00
2,400 00
480 OO
1,500 00
300 00
1,000 00
200 00
2,500 00
1,000 00
200 OO
2,000 00
400 00
6,0C0 00
1,200 OO
2,000 00
400 00
1,000 00
200 00
500 00
100 00
400 00
80 00
1,000 00
200 00
2,000 00
400 00
1,000 00
2pO 00
5,000 00
1,000 00
1,000 00
200 00
2,000 00
400 00
1,000 00
200 00
1,000 00
200 00
1,C00 00
200 00
500 00
100 00
500 00
100 00
5,000 00
1,000 00
200 00
1,000 00
200 66
1,000 00
200 00
500 00
100 00
800 00
160 00
2,000 00
400 00
1,000 00
136 80
1,000 00
200 00
1,000 00
200 00
1,000 00
40 00
500 00
1,000 00
200 00
5,000 00
1,000 00
5,000 00
1,000 00
1,000 00
200 00
1,000 00
200 00
:558
DEPARTMENT OF FINANCE— INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
HOME LIFE ASSOCIATION OF GK^ADA-Continued.
LIST OF SHAREHOLDERS— Confmwcc?
Name.
Address.
Dunsford, Chas. R . . . . Morden
Duflfy, Hon. H. T {Quebec
Drew, G. E. , M . D , [ New Westminster.
Douglas, C. S I Vancouver
Diplock, A. B j
Dixon, F. A . . Sackville
Toronto
Vancouver
Truro
Moosejaw
Toronto
Brantford
Kingston
Winkler
Fleming, Assiniboia.
New Westminster. . .
Fort William
Hamilton . .
Minnedosa. ...... .
Deloraine
Hamiota
Sault Ste. Marie . . .
Toronto .
Dickson, George, M . A
Edwards, H
Eaton, F. F., M.D
JEmerson, R. W
Eldon, R. H
Elliott, Thos
Ellis, W. S
Esau, Wm
Ellis, D. D., M.D
Ewen, A
JElms, Joseph
F^chlin, A. R., estate . .
Fairman, C. R
Falconer, A. J
Ferguson, Wm
F'leming, S. E
Firstbrook, John
Fife, Miss A. L. O
Fletcher, Rev. D. H
Festing, M. S
Fleming, D
Firstbrook, W. A
Frame, J. T
Fulcher, N
Trench, Miss S.
Forest, H. F., Jr
Fletcher, W. J., M.D
Fyfe, Miss L
Foster, B. C
Fisher, J. F
'Gamble, Miss S. M
•Gallagher, Mrs . J .
Gee, Rev. A. L. (in trust)
Goodwin, Rev. J
Graham, H. C
Grantham, J. A. G
Glennie, Mrs. J. H . .
•Gardner, Frank
•Garische, A. J., D.D.S
Gordon, A. J
Gamble, Miss N. A
Graham, W. A., B.A
Graham, W. R iGuelph . . . .
Glassford, G. E [Moose Jaw
Glass, J. H London
Greenshaw, C. H jHamiota.. .
Garret, J. P 'Cranbrook.
Hamilton
Brandon
Portage la Prairie .
Toronto
Virden
North Bay
Brantford
Neejiawa...< .
Toronto
Guelph
Fredericton
Medicine Hat
Paris
Moose Jaw
St. Catharines
Grimsby
Brandon
Hamilton.
Rat Portage.
Victoria
Carman
Paris
Ottawa
•Gorham, H. G
Gillies, N. E., M.D. ...
Hartrv, M. E
Huckell, B. A . ..
Hamilton, Rev. J. B ,
Hazel wood, J. H
Hart, J. M., M.U
Hardy, J. W
Hareourt, R., B.S.C . .
Harcourt, W. L., M.D...
Hareourt, F. W
Harcourt, Hon. R., M.A
Calgary.....
Puerto Rico
.Schreiber. . ,
Car berry.. . .
Dundas
Hamilton . ,
Toronto
Copper Cliff
Guelph
Brandon
lor on to ....
Amount
Amount
Subscribed.
paid up.
S
$
1,000 00
200 00
5,000 00
1,000 00
4,000 00
280 00
2,000 00
500 00
ioo 66
1,000 00
200 00
700 00
140 00
1.000 00
160 00
2,500 00
200 00
1,000 00
200 00
500 00
100 00
5,000 00
1,000 00
10,000 00
2,000 00
1,000 00
100 00
1,000 00
40 00
2,000 00
400 00
2,000 00
400 00
8,400 00
1,680 00
1,000 00
200 00
2,000 00
400 00
2,000 00
24 00
1,000 00
6, .500 00
1,300 m
500 00
100 00
(JOO CO
120 00
1.000 00
43 88
500 00
100 00
6,500 00
1,300 00
2,000 00
400 00
1,000 00
200 00
GOO 00
120 00
1,000 00
200 0)
2,000 00
400 0)
500 00
100 00
2,000 00
400 00
1,000 00
1,000 00
320 00
1,000 00
200 00
3,000 00
600 00
3,500 00
700 00
1,000 00
200 00
2,000 00
400 00
1,200 00
240 00
2,000 00
1,000 00
100 00
1,000 00
600 00
120 00
1,000 00
200 00
500 00
1,500 00
300 00
1,000 00
200 00
2,000 00
400 00
1,000 00
200 00
2,000 00
400 00
3,000 00
480 00
2,000 00
400 00
2,000 00
400 00
1,300 00
260 00
1,000 00
2,000 00
40 00
1,000 OC'
600 00
1,000 00
200 00
1,300 00
260 00
5,000 00
1,000 00
LIST OF SHAREHOLDERS
SESSIONAL PAPER No. 8
HOME LIFE ASSOCIATION OF CANADA— Con«mitcrf.
LIST OF SHAREHOLDERS— Conimwerf.
559
Na
Address.
Hamilton, Chas., D . D
Harnson, C. W
Hayward, S
Humble, J. W
Huston, S. W
Hunter, Miss E. A
Hillock, John
Higginbotham, J. F
Hose, Jacob.
Hurt, Mrs. C
Hobkirk, Miss L. L
Hunter, J. F
Henderson, Geo., M.D
Harrison, R. M
Hay, R. F
Henderson, A
Hall, L
Hall, Dr. E. A
Higginbotham, Mrs. Lorinda
Hill, E. L
Hardie, E. S
Hardy, R. H
Henderson, C. K..
Haley, F. R
Hutchins, W. N
Hillier, Geo
Halliday, W. J
Har/ey, H. (in trust) ...
Hearn, A. A. B
Hough, J. S
Hamilton, B. R
Houston, John
Hall, J. B. rb. D
Irvine, W. E
Ireland, W. W
Iliff, E. A
Inch, J. R., LL.D
James, W. E
Johnston, J. K
Jarvis, Miss C. E
Johnson, Jas., M.P.P
Johnston, A. S
Johnston, A. R
Johnston, L. R.
Johnston, Wm
Johnston, John
Jenkins, J. H
Kay, Mrs. H
Knittel, J. W
Keith, J. J
Kenrick, Prof. E. B
Kennedy, A
King, J. S
Knight, A. P., M.A., M.D...
Kidd, W. G
Kirkcaldy, Jas
Knight, Mrs. C. E
Kilpatrick, T. N
Kaye, Rev. J. F,
Kendall, Mrs. M. F
King, Dr. J. S
King, Lewis .
Kaulbaeh, J. A
Lachai^elle, E. P., M.D
Leech, R. E. A
Ottawa ,
Grimsby..
Moose Jaw..
Rat Portage
Winnipeg
Clinton
Toronto
Portage la Prairie .
Rat Portage
Carberry
Morden
Boissevain
Souris
Carberry
Carberry
New Westminster.
Victoria
Virden
Guelph
Guelph
Medicine Hat.
Hespeler . . .'.
Wolfeville .
Truro
Calgary
Calgary
Regina
Brandon
Winnipeg . .
Neepawa
Calgary
Truro
Lindsay
Carberry .
V^ancouver. . . .
Fredericton .
Winnipeg
Paris
Boissevain . . .
Fergus
Nanaimo
Montreal . .
Rat Portage..
Grimsby . . .
Revelstoke..
Paris
Boissevain . . .
Smith's Falls.
Winniiieg. . .
Toronto . ,
Kingstcjn,
Kingston
Brandon .
Kingston
Copper Cliff.
York
Rat Portage
Toronto
Vancouver.
Truro
Montreal
Brandon ,
Amount
subscribed.
cts.
Amount
paid up.
$' cts.
1,000 00
1,000 00
1,500 00
300 00
4,000 00
800 00
5,000 00
1,000 00
500 00
100 00
200 00
40 00
5,000 00
1,000 00
1,000 00
200 00
10,000 00
2,000 00
5,000 00
1,000 00
500 00
100 00
2,000 00
400 00
500 00
100 oc
2,000 00
400 00
1,000 00
12 00
1,000 00
8 ftO
1,000 00
5,000 00
120 00
600 00
120 00
1,000 00
200 00
1,500 00
1,000 00
266 66
2,000 00
200 00
1,(»00 00
1,000 00
1,000 00
200 00
2,000 00
400 00
1,000 00
200 00
1,000 00
200 00
5,000 00
1,000 00
2,000 00
400 00
1,000 00
500 00
2,000 00
400 00
2,000 00
400 00
1,000 00
200 00
2,500 00
500 00
1,00«J 00
500 00
166 66
400 00
80 00
200 00
40 00
1,000 00
200 00
2,000 00
400 00
1,000 00
1,000 00
200 00
1,000 00
200 00
2,000 00
200 00
200 00
40 00
2,000 00
400 00
500 00
100 00
4,000 00
800 00
1,500 00
5,000 00
1,066 66
1,000 00
20000
1,000 00
20000
1,000 00
1,000 00
200 m
1,000 00
200 00
2,000 00
400 00
5,000 00
1,000 00
2,000 00
400 00
5,000 00
1,000 00
1,000 00
200 00
1,5(K)00
40 00
560
DEPARTMENT OF FINANCE— INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
HOME LIFE ASSOCIATION OF CA^A.D A- Continued.
LIST OF SHAREHOLDERS-Confmugrf.
Name.
Lawrence, Dr. F. O.
Lidkea, W.C
Lowe, Wm
Link, Wm. E
Lundy, F. B., M.D
Locke, C
Lockhead, Wn;., B. A
Lewis, L. A
Lawson, Dr. A
Longley, Hon. J. W
Lovie, Peter
Langford, Rev. F
Lloyd, M. B
Lloyd, C. H
Loewen, B
McClung, Mrs. C
McDonold, J. A
Mclntyre, Mrs. S. F
McLeod, H. S. .
McCuaig, H
Mcintosh, S. G
McGuire, E. E
McKay, H
McNeil, H.J
McLarity, D
Mcll yride, A . .
McDiarmid, .1
McLaren, Miss H
McDonald, A
McCrossan, A. J .
McLeod, Wm
MacKenzie, Wm
McCullough, Mrs. A. J
McLeod, W. A
McClain, R. W
McLeod, A
McCabe, J. A., M.A., LL.D....
McMillan, J., B.A
McKay, J. S. (in trust)
McCuiloch, R. J
McGonegal, S. J
McHugh, Geo
McClain, S
McPherson, Mrs. E. M
MacLean, Rev. .John
McDonald, Rev. A. P
McKeown, A
McKechnie, R. E
McLaren, A . A
MeNab, A
MoKeen, .J
McCrossan, T. J..
McDermott, J. P
McLeod, A . A
McSorley, H. J
Mac Donald, A . E
McCabe, W. .J
McPhalen, Mrs. E
McLeod, Mrs. A
McAllan, W. .J
McFarlane, A
McMillan, D. N
Macdonald, Hon. H. .1
Macdonald, A. F
McMurchie, Dr. A
Address.
St. Thomas
North Bay
Medicme Hat
Toronto
Portage la Prairie .
Morden
Guolph
New Westminster.
Hamiota
Halifax
Emerson
Calgary
Morden
Winkler
Paris . . .
Brandon
Portage la Prairie
Calgary
Toronto
Winnipeg
Rat Portage . . . .
Brandon
St. Thomas.
Brandon . . . .
Hamilton. . .
Rounthwaite.
Rat Portage.
Winnipeg . . .
Toronto
Guelph
Rat Portage.
Morden
Ottawa . . ,
Boissevain . . .
Souris
North Bay..,
Lindsay ....
Carman
Hamilton
Halifax
Dundas
Victoria . .
Nanaimo . . .
Chapleau ....
Revelstoke . .
Amherst
Indian Head.
Minnedosa . .
Calgary
Revelstoke . . .
New York . . .
Calgary
Nanaimo...
Winnipeg
Morden . . .
Winnipeg. .
Toronto . . .
North Bay.
Amount
Subscribed.
« cts,
400 00
400 00
2,000 00
2,000 00
1,000 00
2,000 00
500 00
1,000 00
1,(J00 00
1,000 00
1,000 00
1,000 00
1,000 00
2,000 00
1,000 00
1,200 00
1,000 00
1,000 00
2,000 00
810 00
4,000 00
1,000 00
2,000 00
500 00
400 00
500 00
1,000 00
1,700 00
2,000 00
1,000 00
1.000 00
2,600 00
500 00
1,000 00
1,000 00
500 00
2,000 00
5,000 00
1,000 00
1,000 00
800 00
1,000 00
2,000 00
2,000 00
8,000 00
500 00
1,000 00
4,000 00
1,000 00
1,000 00
1,000 00
1,000 00
4,000 00
3,000 00
2,000 00
4,000 00
2,000 00
1,000 00
1,000 00
500 00
1,500 00
5,000 00
4,000 00
1,300 00
2,000 00
Amount
Paid up.
% cts.
80 00
80 00
400 00
80 00
200 00
100 00
200 00
200 00
200 00
80 00
200 00
240 00
200 00
200 00
400 00
160 00
800 00
200 OO
400 00
8 00
80 00
200 00
340 00
400 00
200 00
200 OO
520 00
100 00
20 00
200 00
100 00
400 00
1,000 00
200 00
200 00
160 00
200 00
207 20
400 00
1,600 00
100 00
200 00
800 00
200 00
200 00
soo'oo
400 00
200 00
800 00
■ 200 00 ■
300 00
1,000 CO
800 00
2C0 00
400 00
LIST OF SHAREHOLDERS
SESSIONAL PAPER No. 8
HOME LIFE ASSOCIATION OF QA.^XDX— Continued.
LIST OF SHAREHOLDERS-CwiimMcc?.
561
Name.
Address.
Winnipeg.
Winnipeg.
MacLaren, A London
McDonell, H Vancouver
Maedonald, J.H Fredericton
MacKay, A Indian Head
MacArthur, D ... | Emerson
MacDonald, Mrs. H. St. L ! Portage la Prairie.
Mulvery, Major S j Winnipeg , . .
Mulvey, J. H., M. A I
Mitchell, J. B I Winnipeg
Mearns, John Toronto
Mearns, Mrs. J
Muir, W. C
Milligan, J. B
Minchin, L. H. (trust)
Mackie, 0. M
Myers, R. H., M.P.P.
Munt, F. C
Marsh, Rev. C. H
Moore, Mrs. J . .
Mundell, Mrs. M
Morton, W. C
Morton, Mrs. L. L
Monroe. Mrs. F.
Mitchell, P. C 'Brandon
-Milroy, T. M., M.D (Winnipeg
Munroe, Rev. J !Porta^e-la-Prairie.
Morgan, J.H Winnipeg
Marshall, D. H iKingston —
Marshall, Mrs. S. A. R [Hamilton
Maxwell, T. H | Winnipeg
Miller, J. S jManiton
Millidge, J. J iBoissevain
London
Minnedosa. . .
Rat Portage.
Lindsay
Woodstock.. .
Pierson
Hamilton. , . .
Brantford
Moss, H
Morrow, H. F
Morgan, Joseph, B.A ...
Manchester, G. H., M.D
Morrison, A
Machin, H. T
Machin, Mrs. L. A
Marquis, T. G., M.A
Murphy, G. B
Maynard, James
Mason, Wni
Munroe, J. W
Manson, Lawrence
Monroe, A. S., M.D
Manning, Rev. J. M
Manning, E
Massey, N. L
Murphy, G. B
Mar.sh, D. W
Nelson, A. J
Newton, Mrs. M. A . . . .
Nelles, J. A., M.D
Ogden, A
Osterhout, Rev. S. S. . . .
Oldham, Miss. M
Oliver, Rev. D
Ormiston, J. A
O'Donnell, E. J
Pattison, A. J. (Truwt) .
Patti.son, A. J
Patton, ?I. S
Victoria .
Paris , .
Smith's Falls
New Westminster.
Vancouver
Quebec
Brantford
Carberry .
Victoria . .
Nanaimo..
Amount
Subscribed.
Vancouver.
St. John...
Athens
Fredericton. . .
Calgary
Morden . . .
Guelph
London
Toronto
Port Simpson .
Guelph
Moosomin
Calgary . . . .
Schreiber
Toronto ...
Winnipeg.
Parker, B. C iMorden
-S cts.
500 00
500 00
1,000 00
2,000 00
2,000 00
500 00
200.00
1,000 00
500 00
4,000 00
1,200 00
500 00
2,000 00
500 00
200 01
1,00'J 00
2,000 00
1,000 00
1,200 00
5,000 00
1,300 00
600 00
1,500 00
1,000 00
2,000 00
1,500 00
1,500 00
1,000 00
500 00
5,000 00
500 00
1,000 00
1,000 00
2,000 00
1,000 00
4,000 00
4,000 00
500 00
500 00
2,000 00
2,000 00
10,000 00
4,000 00
1,000 00
4,000 00
2,000 00
2,000 00
500 00
400 00
500 00
8,000 00
5,000 00
3,000 00
2,000 00
1,300 00
5,000 00
1,000 00
1,000 00
12,000 00
1,(MK) 00
10,000 00
20,200 00
1,000 00
1,000 00
Amount
paid up.
•S cts.
ioo 66*
120 00
400 00
100 00
40 00
80 50
100 00
46600'
100 00
40 00
200 00
80 00
200 00
240 00
1,000 00
260 00
120 00
300 00
200 00
200 00
40 00
300 00
200 00
100 00
100 00
200 00
200 00
400 00
200 00
800 00
800 00
100 00
100 00
40000'
2,000 00
800 00
200 GO
800 00
400 00
200 00
100 00
80 00
oo6'o6
1,000 00
60(» 00
100 00
260 00
1,000 00
200 00
200 00
2,000 (X)
1,719 00
200 00
8—36
562
DEPARTMENT OF FINANCE— INSUEANCE BRANCH
2-3 EDWARD VII., A. 19C3
HOME LIFE ASSOCIATION OF QK^AiyK-Continued.
LIST OF SHAREHOLDERS-Con<mi/«?d.
Parker, T. H
Peers, Mrs. M. A. L
Pickett, J. W .
Prowse, S. W
Pugh, H. J
Pieper, Wm
Plumnier, C. W
Pressor, Jas
Palmer, J. W
Pullar, Mrs. E. A
Pullar, Wm
Qua, G . .
Ree-or, D. A
Revnoldt<, S
Riley, W.J
Rogers, J. W . . . .
Ross, James, M.D
Ross, George ,
Rowland, Arthur E
Raymond, Mrs. M. J
Robinson, J. M
Roaf , Jas. R
Robertson, Mrs. S. J.,
Rundle, W. P
Robertson, R. H .
Rollins, Robt , . . ....
Raitt, Chas . _
Reece, Thos,
Riddell, G., M.D *
Reekie, J. S : . . .
Reeve, R. A., M.D
Roberts, J. A
Russell, Geo. H
Rathwell, J. A
Roman, J. W., M.D
Rose, Miss A
Reynolds, F. J
Rogers, J. M
Silcox, Miss L. M
Silcox, Mrs. S. J. C
Sanders, W. C
Scott, R. H
Stiver, Mrs. H
Short, Rev. Wm
Sword, Mrs. S. E
Smith, Bryce
Smith, Rev. J. V
Address.
Smith, Robt
Stevenson, H. M
Sheppard. L. C
Sham's^rook, G
Smith, H. J
Stevenson, Wm., M.D.
Strang, Mrs. A
Strang, Rev. P
Stevenson, Miss J
Stewart, A. M
Stubbs, S. J
SchaflFner, F. L., M.D.
Simon, James
Smith, S. S
Sparks, T., M.D
Silverthorn, Jos
Stephenson, Wm
Woodstock .
Rat Portage. . . . .
i Winnipeg , .
jVirden . .
I Morden
jBoissevain
i Schreiber
jSackville
iMoosejaw
Calgary
Paris
Brandon
Brock ville
Calgary
Winnipeg
Dundas.
Welland
Toronto
Norwich
Brandon
Toronto
Hamiltoti. ... . . .
Portage la Prairie.
Ki Harney
Winnipeg
Crystal City
Boissevain
Toronto
Neepawa
Chapleau
Toronto
Gvielph
Calgary
Boissevain
Paris
Moosejaw.
Winnipeg
Toronto . .
Kingston.
Brandon. .
j Hamilton.
London. . .
Brandon .
Toronto . .
Hamilton
Winnipeg
Virden. . .
Paris
Morden ....
Smith's Falls.
Boissevain. . .
Victoria
Souris ... .
St. Mary's...
North Bay . . .
Winnipeg. . . .
Amount
Subscribed.
8 cts.
5,000 00
8,000 00
1,000 00
1,000 00
1,000 00
1,000 00
2,000 00
500 00
1,000 00
1,000 00
1,000 00
2,000 00
1,000 00
1,000 00
1,000 00
2,000 00
3,000 00
200 00
1,300 00
2,000 00
1,000 00
1)00 00
2,000 00
1,500 00
2,000 00
2,000 00
1,000 00
4,000 00
4,000 00
1,00^ 00
2,000 00
1,000 00
2,000 00
1,000 00
500 00
1,000 00
1,000 00
1,000 00
2,000 00
4,000 00
1,000 00
1,200 00
i^OO 00
G,000 00
2,000 00
4,000 00
GOO 00
1,000 00
2,000 00
100 00
1,000 00
1,000 00
l,r>00 00
2,000 00 ,
1,000 00 I
400 00 I
2,000 00
1,000 00
400 00
1,000 00
1,000 00
2,000 00
8U0 00
1,000 00
Amount
paid up.
§ cts.
1,000 00
1,600 00
40 00
200 00
200 00
400 00
200 00 '
200 00
200 00
400 00
200 00
200 00
400 00
GOO 00
40 00
2G0 00
400 00
180 00
400 00
200 00
400 00
400 00
200 00
400 00
200 00
400 00
200 00
400 00
200 00
100 00
200 00
200 00
200 00
400 00
800 00
200 00
240 00
IGO 00
,200 00
G40 00
120 00
200 00
520 00
20 00
200 00
200 66'
400 00
200 00
80 00
400 00
2 0 00
80 00
200 00
400 00
IGO 00
/
LIST OF SHAREHOLDERS
SESSIONAL PAPER No. 8
HOME LIFE ASSOCIATION OF CANADA— OonchtcZcd
LIST OF SHAREHOLDERS-Co7ic;McZ6rf.
563
Name.
Address.
Hespeler
Medicine Hat.
Revelstoke . . .
Swiiibank, W. H . . Minnedosa .
Stevenson, C. E Nanaimo , .
Seymour, J. R Vancouver
Sanders, Mrs. S. K Brandon
Smellie, T. S. T Fort William.
Spark, Miss G
Scott. R. G
Scarlett, Rev. R. A
Smith, C. F., M.D
Simon, Jno ...
SoUowaj', L. T
Smith, R. D
^Spencer, J. H
Scott, M
Stewart, Miss B. F I Winnipeg
Staples, E JLifford
Strachan, Mrs. E. S I Hamilton.
Steers, Wm , Lindsay
Suckling, W Winnipeg
Thompson, John m , . . . .
Todd, Wm Hamiota .....
Taylor, J IPortage la Prairie
Toronto General (Trust Kirkland Estate) [Toronto
Taylor. W. H ! Winkler
Teasdall, J. W jLondon '.
Thomas, W. H jNorth Bay.
Taylor, Chas , { Carman
Temple, C. H I Revelstoke
Medicine Hat .
It
Emerson
Thornton, R. S., M.D Deloraine.
Tolton, Miss J. P Guelph
Thompson, Jos Athens
Tufts, Prof. J. F., M. A., D.C.L Wolfville. . .
Thorburn, W. C Broadview .
Unwin, Chas Moosejaw . .
Ullyot, G. W Manitou. , . .
Winter, W. R Calgary . . .
Westlake, F. W Winnipeg . .
Walsh, E. J Toronto
Wilkinson, Mrs. D. [gt. Thomas.
Watson, James Woodstock .
Watson, Prof. J., M.A., LL.D . . Kingston . . .
Witty, Miss E. B Brantford . .
Witty, Miss Alice
Waller, Fred Brandon . . .
Wiclaens, Miss E Hamilton . . .
Wriglit, W. S .
....£5— J ■•- J Lindsay
Whitehead, J. B *.': iBrandon
Wood, Miss K . . ;
Weller, W. W
Wellington, J. H
Whiteman, R
Wickpnson, Mrs. D ■ ...
Wright, J. A
Walker, Wm
West, Mrs. H
White, Rev. A
Wallace, R. B
Weaver. W. H
Wood, R. A
Webb, E. E iQueljec.
Ward, Jno I Vancouver
Young, D. M |Toronto
Yarwood, E. N |Nanaimo
Younsf, J. P i Portage la Prairie.
.Zavitz, C. A., B.S.A (Juelph
St. Paul . . .
Winnipeg . .
Moosejaw . ,
Shakespeare
St. Thomas.
Boissevain . .
Cavbei-ry . . .
Schreiber . . .
St. John. . .
Fredericton
Hespeler ...
I Tor onto
Amount
Subscribed.
>! Cts. I
2,000 00
5,000 00
5,000 00
1,500 00
1,000 00
500 00
2,000 00
1,000 00
1,000 00
2,000 00
2,000 00
3,000 00
10,000 00
1,000 00
1,000 00
400 00
2,600 00
100 00
500 00
1,000 00
1,0C0 00
2,000 00
1,000 00
1,000 00
400 00
1,000 00
2,000 00
1,000 00
500 00
400 00
200 00
5,000 00
3,000 00
2,000 00
1,000 00
1,000 00
500 00
400 00
4,000 00
4,000 00
4,000 00
1,700 00
1,500 00
5,000 00
1,000 00
500 00
1,000 00
1,000 00
1,000 00 {
2,000 00 I
1,000 00
2,000 00
1,000 00
1,000 00
400 00
2,000 00
1,500 00
2,000 00
5,000 00
5,000 00
2,000 00
4,000 00
2,000 00
1,000 00
2,000 00
Amount
paid up.
$ cts.
400 00
1,000 00
300 ' 00
200 00
100 00
400 00
200 00
200 Oo
300 00
600 00
2,000 00
200 00
80 00
520 00
100 00
200 00
20'J 00
400 00
200 00
200 00
400 00
100 00
20 00
40 00
783 32
600 00
400 00
40 00
leo 00
800 00
800 00
800 00
340 00
300 00
400 00
200 00
100 00
200 00
200 00
400 oo'
400 00
200 00
200 00
80 00
400 GO
300 00
400 00
1,000 00
600 00
360 00
200 00
400 00
8—361
564
DEPARTMENT OF FINANCE— INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
THE IMPERIAL LIFE ASSURANCE COMPANY OF CANADA.
LIST OF DIRECTORS— (A8 at December 31, 1902).
Hon. Sir Oliver Mowat, President ; A. E. Ames, Ist Vice-President ; T. Brad.shaw, 2ud Vice-Pr:eKident ;
F. Ct. Cox, Managing Director; Hon. Sir Mackenzie Bo well, Hugh N. Baird, A. PI Kemp, M.P.,
Wm. Mackenzie, F. R. Eccles, M.D., Hon. William Harty, M.P., Warren Y. Soper, Samuel J.
Moore, Hon. S. C. Wood, H. S. Holt, Thomas J. Drummond, J. J. Kenny, Chester D. Massey,
Charles McGill.
LIST OF SHAREHOLDERS-(As at December 31, 1902.)
Nanje.
Ames, A. E .■ . . .
Ames, A. E. (in trust)
Armour, E. D
Baird, Hugh N
Bowell, Hon. Sir Mackenzie
Badenach. Edgar A
Blakey, H. P
Bingay, Thos. Van B
Baines, C. C . . , . . . .
Bradshaw, Thos ......
Brough, T. G., (in trust)
Baillie, F. W
Cox, F. G
Cox, H. C
Cox, E. W
Cox, A. A '..
Central Canada Loan & Savings Co.. . .
Cox, Hon. G. A
Davison, Dr J. L
Davis, A. L
Davies, Wm
Drummond, T.J
Eccles, DrF. R.
Flavelle, J. W
Fleck, A. W
Gouinlock, G. W
Harty, Hon. Wm
Hoi;sser, J. H . . . .,
Hall, R
Hoii, H. S...,
Kenny, J. J
Kemp, A. E
Kenny, T. E
Kemp, J. C, and M. Morris (m trust).
Kilgour, W. ..
Kemp Manvif acturing Co
Lockhart, Mary
Malone, E. T
Mowat, Hon. Sir Oliver
Morrow, W. G
Mackenzie, Wm
Mackeen, Hon. David
Mallory, G. I
Massey, Chester D
Moore, S. J
McLaren, Lt.-Col. Henry
McGill, Chas
National Trust Co., The
Plummer, J. H
Plummer, J. H. (in trust) .
Potts, Rev. John
Porter, John
Reeve, Geo. B
Smith, David
Smith, Geo. B
Residence.
Toronto .
Amount
subscribed
for.
Belleville.
Toronto . .
Yarmouth, N.S.
Toronto.
Peterboro'
Toronto . .
Peterboro'
Toronto . .
Montreal .
London . . .
Toronto .
Ottawa . .
Toronto. .
Kingston .
Toronto . .
Peterboro'
Montreal .
Toronto . . ,
Halifax, N.S.
Toronto
Morrisburg...
Toronto . . . .
Newcastle . .
Toronto
Peterboro'
Toronto . .
Halifax . . .
Brockville ,
Toronto. . .
Hamilton ,
Toronto . .
Montreal.
Toronto
66, GOO
500
1,500
10,000
10,000
2,000
1,000
200
200
37,500
11,600
26,000
100,000
5,000
5,000
12,500
64,500
25,000
6,500
10,000
6,000
5,000
8,000
15,000
3,000
1.000
5,000
12,500
23,500
10,000
50,000
50,000
500
6,500
2,500
20,000
500
1,000
5,000
10,000
35,500
5,000
8,000
5,000
2,500
5,000
10,000
45,000
500
10,000
5,000
500
5,000
3,0(X)
5,000
Amovmt
l)aid
in Cash.
$
29,970
225
675
4,500
4,500
900
450
90
90
16,875
5,220
11,700
45,000
2,250
2,250
5,625
29,025
11,250
2,925
4,500
2,700
2,250
3,600
6,750
1,350
450
2,250
5,625
10,575
4,500
22,500
22,500
225
2,925
1,125
9,000
225
45C
2,250
4,500
15,975
2,250
3,600
2,250
1,125
2,250
4,500
20,250
225
4,500
2,250
225
2,250
1,350
2,250
LIST OF SHAREHOLDERS
SESSIONAL PAPER No. 8
IMPERIAL— Conc?wrfed .
LIST OF SHAREHOLDERS- Conc^wcZed
565
Name.
Soper, Warren Y
Strachan, W ,
Smith, W. H. (in trust)
Sylvester, Dr. G. F
Taylor, F. C
Torrance, W. B
Wadsworth, V.B., and W.Wedd, Jr. (in trust)
Wood, Hon. S. C.
Wood, E. R
Walker, B. E
Webb, A. E
Warden, Rev. R. H
Wheeler-Bennett
Residence.
Ottawa .
Montreal
Toronto .
Lindsay . .
Montreal ,
Toronto ,
London, Eng.
Amount
subscribed
for
15,000
2,500
33,400
1,000
20,000
2,000
50,000
10,000
46,900
10,000
1,000
25,100
7,500
$1,000,000
Amount
paid
in Cash.
$
6,750
1,125
15,030
450
9,000
900
22,500
4,500
21,105
4,500
450
11,295
3,375
$450,000
566
DEPARTMENT OF FINANGE— INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
THE LONDON LIFE INSURANCE COMPANY.
LIST OF DIRECTORS— (As at December 31, 1902).
John McClary, President ; A. O. Jeffery, Vice-President ; William Bowman, Judge Bell, William F.
Bnllen, Thos. H. Smallman, Geo. C. Gibbons, Arthur S. Emery.
LIST OF SHAREHOLDERS-! As at December 31, 1902).
Name.
Bullen, W. F
Bowman, W .
Blinn, H. W., estate
Durand, estate
Elliott .,
Emery, A. S
Gardner, Mary I
Green, Thos., estate of ... .
Gibbons, Geo. C
Greenless, A., in trv;st. . . .
Jefifery, A. A
Jeffery, A. O. . . . ,
Jeffery, J. E
Milne, Mrs. E
Mills, John
Moffat, Col. Jas., estate of.
Magee, J., in trust
McClary, John . . . . .
Parfitt, A ;
Richter, J. G
Smallman, T. H .
Weldon, Annie E
Residence.
London .
Total
Amount
Amount
subscribed
paid
for.
in Cash,
$
•S
16,000
3,200
10,500
3,300
1,100
220
2,200
440
6,000
1,200
18,000
3,600
1,100
220
1,100
220
12,200
2,440
8,900
1,780
60,500
12,100
57,600
11,520
7,300
1,460
1,200
240
2,000
400
1,100
220
3,900
780
7,000
1,400
2,000
400
18,500
3,700
4,700
940
1,100
220
$250,000
$50,000
LI 1ST OF SHAREHOLDEm
SESSIONAL PAPER No. 8
THE LONDON MUTUAL FIRE INSURANCE COMPANY.
567
LIST OF DIRECTORS -(As at> December 31, 1902).
Hon. John Dryden, M.P.P., President; Geo. Gillies, Vice-President; H. Waddington, Secretary and
Managing Director ; D. Kemp, Sheriff D. Brown, Jno. Blacklock, R. T. Shiell, B.A., M.B., Rev,
G. I. Taylor, M.A., Jas. Gunn.
LIST OF SHAREHOLDERS— (As at December 31 1902).
Name.
Finley Marshall
Lauchlin Leitch
Ernest E. Tyrrell
Samuel W. Matthews
Hon. John Dryden
Mary E. Blacklock
John Clark
Charles Henry Andrews . . .
Annie May Grant
Alexander M. Clarkson
Eliza A. Grant
Daniel Grant
Edna Dell Waddington
Harry St. John Jarvis
Ray Gurnett
Gideon Grant
Gideon Grant, in trust
John Blacklock
James Gunn .
Geo. Gillies
George I. Taylor, M. A
Richard Telfer Shiell, B.A., M.B.
Alfred Macdougall
David Kemp
Charles C. James , . . . .
Clarence L. Starr, M.D
Annie L. Starr
B. Thompson
Herbert Waddington
William B. Varley
William J. Gray
John S. Champ ..... . .
George A. Galloway ...
John A. Gardner
Winnif red Moysey
William Munns (In trust).
Carrie Grant
J. C. Judd
Residence.
London .
Toronto .
Brooklin
Toronto .
London .
Total
Amount
subscribed
for.
1,000
4,000
3,000
3,000
3,000
3,000
3,000
3,000
3,000
3,000
3,000
3,000
3,000
3,000
3,000
3,000
3,000
3.000
i;ooo
1,000
1,000
1,000
1,000
1,000
3,000
3,000
3,000
3,000
4,000
3,000
3,000
3,000
3,000
3,000
3,000
3,000
3,000
1,000
$100,000
Amount
paid
in Cash.
100
400
300
300
300
300
300
300
300
300
300
300
300
300
300
300
300
300
100
100
100
100
100
100
300
300
300
300
400
300
300
300
300
SOO
300
300
300
100
$10,000
568 DEPARTMENT OF FINANCE— INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
THE MANUFACTURERS LIFE INSURANCE COMPANY
LIST OF DIRECT0RS-(A8 at December 31, 1902).
Hon. G. W. Ross, President; Lieut. -Col. H. M. Pellatt, Lloyd Harris, Vice Presidents ; E. R. Wood'
A. J. Wilkes, K.C., R. L. Patterson, Hon. J. A. Ouimet, William Strachan, Robert Junkin, Hon-
V. W. LaRue, Lt.-Col. James Mason, B. F. Pearson, Wm. Mackenzie, E. J. Lennox, James Mills,
J. F. Junkin, R. R. McLennan, Robert Archer, Hon. J. D. RoUand, D. D. Mann, S. G. Beatty,
A. P. Barnhill.
LIST OF SHAREHOLDERS— (As at December 31, 1902. )
Name.
Residence.
Number
of
Shares.
Amount
subscribed.
Amount
paid in Cash
Akers, J .
Toronto
Montreal..
50
50
16
25
1.000
15
15
100
3
80
32
5
367
60
708
100
1
1.350
50
50
146
50
80
- 5
19
179
80
10
50
16
65
80
1
80
50
56
18
4,100
3
50
161
50
100
161
50
10
100
100
13
200
403
161
32
16
8
$
5,000
5,000
1,600
2,500
100,000
1,500
1,500
10,000
300
8,000
3,200
500
36,700
6,000
70,800
10,000
100
135,000
100
5,000
5,000
14,600
5,000
8,000
500
1,900
17,900
8,000
1,000
5,000
1,600
6,500
8,000
100
8,000
5,000
5,600
1,800
410,000
300
5,000
16,100
5,000
10,000
16,100
5,000
1,000
10,000
10,000
1,300
20,000
40,300
16,100
3,200
1,600
800
1,000
Archer, R
1 000
Ball, Wm
Barnhill, Alex. P
Beatty, S. G
Bell, John
Black, Mrs Maud
Blackstock, T. G
Chatham
St. John, N.B „
Toronto
Belleville
Goderich
Toronto
320
500
20,000
300
300
2,000
Boswell, Mrs. Ella.
60
Boursreau, A
Montreal ,
Toronto
1,600
Brodie, R. T
640
Bruce. Mrs. C. E . . ...
100
Central Canada Loan and Savings Co . . .
Confederation Life Assoc'n. (in trust) . . .
Cox, Hon. G. A
".'.\.''.'..'. "..'.'.'..'.'. .
7,340
1,200
14,160
Crean, Robert
Dailey, Mrs. Mary E
Digby (President) James, Schell (Man-
ager) R. S., in trust.
Council Bluffs, la
2,000
20
Brantford ,
27,000
Dobson, Hon. John
Lindsay
Ancaster
Toronto
20
Farmer, Richard D
1,000
Fisken, J. Kerr
Flavelle, J. W.
1,000
2,920
Flett, John .'
1,000
Gault, A. F ,
Montreal ,
Ottawa .... . .
1,600
Gonthi«., Rev. T. D. C
100
Gooderham, Geo ,
Toronto
380
Gooderham, Geo. (in trust)
3,580
Gravel, J. 0
1,600
Grenier, Jacques.
200
Halliday, J.T. J t
Hamilton, Wm
Peterboro'
Brantford
Montreal
1,000
320
Harris, Lloyd
Harris Trust, The
Harris, Wm
1,300
1,600
20
Hingston, Sir Wm. H
1,600
Horsey, H. Herbert
Ottawa
1,000
Jarvis, (estate of) S. M
Junkin, J. F
Toronto
1,120
360
Junkin, J. F., in trust
82,000
Junkin, Miss R.
Quebec . . .
Toronto
St.'johnJN.B.. '."."...'.; ".!!!!
Toronto
60
LaRue, Hon. Y. W
1,000
Lennox, E. J
Lowndes, Henry.
Machum, E. R :
3,220
1,000
2.000
Mann, D. D
3,220
Mason, Lt.-Col. James
1,000
Matthews, W. E
Ottawa
200
Mills, Dr. James
Mallory, George I.
Guelph
Brock vi lie . .
2.000
2,000
McCuaig, Clarence J
McLaughlin, R. J . . . .
Montreal
260
4,000
McLennan. R. R
McMillan, Hon. Donald
Cornwall.
Alexandria.. . , . .
8,060
3,220
Nichol, Dr Wm
Brantford
Peterboro'
Ottawa
640
Nicholls, Miss M. A
320
Nichols, Wm
160
LIST OF SHAREHOLDERS
SESSIONAL PAPER No. 8
MANUFACTURERS LIFE INSURANCE COMB X^^Y -Concluded.
LIST OF SHAREHOLDERS-CowdwcZccZ.
569
Name.
Normandeau, H. E Montreal
O'Hara, (estate of) Robt Chatham.
Ouimet, Hon. J. A Montreal
Patterson, R. L Toronto .
Pearson, B. F Halifax.
Pellatt, Lt.-Col. H. M Toronto
Pelletier, Hon. L. P . . . Quebec
Phillips, F. J Toronto
Reid, Fred. G Montreal
Robinson, A. W.
Rolph, F . . Toronto
Ross, Dr. J. F. W.
Rykert, E. G ; Montreal
Shepherd, H. L Brockville
Sirois, L. P . , Quebec . .
Stevens, Mrs. N Chatham.
Strachan, \Vm I Montreal
Strathy, H. S. (in trust) Toronto
Stratton, A. H !Peterboro' . .
Trees, Samuel Toronto . .
)er. Sir Charles Hibbert ; Vancouver . .
Montreal . . .
Peterboro' . .
Goderich,. .
Brantford . . ,
Residence.
Walker, Herbert
Walsh, estate of Wm
Wamock, Mrs. Margaret
Wilkes, K.C., A. J
Wilkes, Geo
Wilson, E. W
Winnett, H
Winter, Chas. F
Winter, Mrs. Jane \ . .
Winter, Miss S. L
Wood, E. R
Wright, Mrs. Annie B
Yoimg, Mrs. A. M
Young, Hon. James . . Gait
Young, Mrs. Margaret
Montreal
Toronto .
Ottawa . .
Montreal
Toronto
Number
of
Shares.
Amount
subscribed.
Total.
50
106
80
161
100
1,000
50
1
2
25
1
50
273
8
50
16
1,153
70
37
161
32
10
10
30
140
50
50
80
25
2
3
190
25
83
45
50
15,000
Amount
paid in Cash
5,000
10,600
8,000
16,100
10,000
ICO, 000
5,000
100
200
2,500
100
5,000
27,300
800
5,000
1,600
115,300
7,000
3,700
16,100
3,200
1,000
1,000
3,000
14,000
5,000
5,000
8,000
2,500
200
300
19,000
2,500
8,300
4,500
5,000
$1,500,000
1,000
2,120
1,600
3,220
2,000
20,000
1,000
20
40
500
20
1,000
5,460
160
1,000
320
23,060
1,400
740
3,220
640
200
200
600
2,800
1,000
1,000
1,600
500
40
60
3,800
500
1,6''0
900
1,000
$300,000
570 DEPARTMENT OF FiNANGE-INSUIUNGE BRANCH
2-3 EDWARD VII., A. 1903
THE MERCANTILE FIRE INSURANCE COMPANY.
LIST OF DIRECTORS-(A.s at December 31, 1902).
W. A. Sims, President ; Alfred Wright, Secretary ; A. E. Blogg, T. H. Hall, G. A. B. Dickson, G. Banks.
LIST OF SHAREH0LDERS-(A8 at December 31, 1902).
Name.
Sims, W. A '..
Wright, Alfred. ... ,
Blogg, A. E
Banks, Greenhow
Dickson, Geo. A. B
Hall, Thos. H
London and Lancashire Fire Insurance Co
Residence.
Bushey, Herts, Eng.
Toronto .....
Liverpool, Eng.
Total...
Capital
subscribed.
2,000
2,000
2,000
2,000
2,000
2,000
238,000
.$250,000
Amount
paid
in Cash.
400
400
400
400
400
400
47,600
§50,000
THE MUTUAL LIFE ASSURANCE COMPANY OF CANADA.
LIST OF DIRECTORS— (As at December 31, im).
Robert Melvin, President; Alfred Hoskin, K.C., 1st Vice-President ; Hon. Mr. Justice Britton, 2nd Vice-
President ; Right Hon. Sir Wilfrid Laurier, Hon. Mr. Justice Garrow, E. P. Clement, K.C., Francis
C. Bruce, M.P., W. J. Kidd, B.A., J. Kerr Fisken, B.A., Hon. Sir F. W. Borden, Geo. A. Somer-
ville, Wm. Snider.
(No shareholders.)
LIST OF SHAREHOLDERS
571
SESSIONAL PAPER No. 8
THE NATIONAL LIFE ASSURANCE COMPANY OF CANADA.
LIST OF DIRECTORS- (As at December 31, 1902).
Elias Rogers, President ; W. D, Long, A. S. Irving, Vice-Rresidents ; Hon. Robert Beaven, T. C. Irving,
William Stone, Peleg Howland, J. J. Fov, K.C., M.P.P.,'G. L. Milne, M.D., (J. A. Hetherington,
M.D., J. D. Chipman, H. McC. Hart, J. L. Spink, G. W. Beardmore, VV. R. Hobbs, J. N. Green-
shields, K.C., J. N. Shenstone, H. Laporte ; R. H. Matson, Managing Director.
LIST OF SHAREHOLDERS— (As at December 31, 1902).
Name.
Residence.
Ashton, Robt Brantford, Ont . . .
Aylmer, Henry Sherbrooke, P.Q .
Vancouver, B.C.
Toronto, Ont. .
Victoria, B.C.
Allan, Geo. L
Baines, Dr. Allan
Beardmore, Geo. W . .
Beardmore, Walter D
Beardmore, A. O
Barnard, G. H
Beaven, Hon. Robt. .
Behrens, W. M
Beck, Fred
Brown, Richai'd
Brooks, Chas
Black, Dr. .TohnF...
Beiqixe, F. L
Bingham, Dr. G. S. . .
Bates, Mrs. L. C . ...
Betts, John
Booth, G. W
Chapman, Dora
Chipman, J. D
Challoner & Mitchell.
Crease, A. D
Curlett, H. G
Cock burn, Rev. E
Cobum, H. P iHamilton, Ont
Curry, Dr. M. A Halifax, N.S
Crowe, Mrs. E. A iDundas, Ont.
Calligan, James Orr IHamilton, Ont
Clarke, J. J
Campbell, Duncan E .
Davies, Win
Davies, Mrs. M. Emily
Draper, W. H
Duff, Chas
Dowling, J. F
Drummond, Dr. W. H,
Dexter, Louis, Jr .
Elmira, Ont
Harriston, Ont
Toronto, Ont
Mitchell, Ont
Halifax, N.S
Montreal, P.Q
Hamilton, Ont
Amherst, N.S
Millerton, N.B
New Westminster, B.C.
London, Ont
St. Stephen, N.B
Victoria, B.C
Toronto Junction.
Paris, Ont
Millerton, N.B.
Victoria, B.C..
Toronto, Ont . .
Montreal, P.Q....
Hamilton, Ont . . .
Ottawa, Ont
Montreal. P.Q....
MiUtown, N.B.
Elmira, Ont
Hamilton, Ont
St. John, N.B
New Westminster, B.C,
Toronto, Ont. .
Victoria, B.C
Erskine, A. B iVancouver, B.C
Erb, A. H
Elliott, W. H ,
Emery, Dr. A. F
Ewen, Alex
Foy, J. J
Eraser, R. L
Flemming, Catharine ,
Flemming, Harold
Flumerfelt, A. C
Fullerton, J. A
Forgie, James
Fell, James F ,
Ganong, J. E
Ganon^, G. W
Gemmill, J. A
Gouinlock, G. W
Greenshields, J. N
Graef, Dr. Chas
Vancouver, B.C. .
Buffalo, N.Y....
Victoria, B.C. . .
St. Stephen, N.B.
Ottawa, Ont ... .
Toronto, Ont . . .
Montreal, P.Q...
Vancouver, B.C..
Amount
siibscribed
for.
Amount
paid up in
Cash.
1,000
200
2,000
400
1,000
200
1,000
200
5,000
1,000
5,000
1,000
1,000
200
1,000
200
3,000
600
1,000
200
200
40
1,000
200
3,000
600
2,500
500
2,500
500
2,000
400
2,000
400
1,000
200
1,000
200
500
100
5,000
1,000
1,000
200
1,000
200
1,000
200
1,200
240
4,000
800
2,500
500
1,000
200
2,000
400
1,000
200
6,000
1,200
5,C00
1,000
5,000
1,000
4,000
800
4,000
800
2,000
400
2,500
500
2,500
500
1,000
200
1,000
200
1,000
200
5,000
930
1,000
200
2,500
500
2,000
400
500
I'OO
500
100
1,000
• 200
1,000
200
2,500
500
1,000
200
2,500
500
4,000
800
5,000
1,000
5,000
1,000
5,000
1,000
1,000
200
672 DEPARTMENT OF FIX AXGE— INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
NATIONAL LIFE ASSURANCE COMPANY OF CANADA— Confmwcd.
LIST OF SHAREHOLDERS-Con^mwccZ.
Name.
Residence.
Newcastle, N.B. . .
Halifax, N.S
Toronto, Ont
Philadelphia, N.Y.
Halifax, N.S
St. Jonn, N.B
Victoria, B.C
Toronto, Ont. . .
Syracuse, N.Y...
Toronto, Ont
Victoria, B.C....
Walkerville, Ont.
Kewatin, Ont . , . .
Toronto, Ont. .. .
Toronto Junction.
Toronto, Ont ....
Winnipeg, Man . .
Newcastle, N. B. .
Halifax, N.S
Toronto, Ont ....
Haney, M. J jToronto, Ont .
Harris, Rev. Elmore i i>
Helmcken, H. D jVictoria, B.C,
Hay ward, Charles
Hay ward, Charles C
Hart, Guy C
Harwood, Wm
Hassold, Fred. A
Hart, H. McC
Hetherington, Dr. G. A
Hinton, J. A
Henderson, A ,
Hamilton, R
Hinton, Geo. C
Howland, Peleg (in trust) , .
Holden, H. S
Hobbs, VV. R
Holland, C. A . ;
Hoare, C. W
Hood, John
Horetzky, Chas. G
Holmes, John H
Hall, Mrs. Elizabeth
Holmes, Mrs. A. J
Hoare, G. S
Hayward, C. C.
Hart, Alice M
Irving, T. C ....
Irving, A. S
Irving, Judge P. A
Jennings, B
Jermyn, CD
Jones, F. A
Jones, Dr. O. M
Jackson, W. R
Jones, Dr. J. R . . . .
Jones, Dr. D. L
Kay, J. B
Kirk, R. D
Kennedy, James A
Lampman, P. S
Langley, J. P
Lawson, J. H
Lamont, W. H
Lawrence, Dr. F. O
Levy, H. E. (in trust)
Levy, W. J
Levy, H. E
Long, W. D
Lount,Wm., K.C
Lockhnrt, W. S
Lynch, Miss E. M
Laporte, H
Lachapelle, Dr. E. P
Macdonald, Dr. A. A
McLaughlin, M. (in trust)
McWilliams, J. J
Murray, Mrs. Margaret J
MacKechnie, Dr. L. N.
McPherson, C. E
McGill, C
McLennan, R. P
McLarty, Dr. D
Mcintosh, D. J
Victoria, B.C
Toronto, Ont
Hamilton, Ont. . .
St. John, N.B . . ,
Victoria, B.C
Vancouver, B.C..
Winnipeg, Man. . .
Victoria, B. C
Toronto, Ont
Antigonish, N.S. ,
St. ThomaS; Ont.,
Victoria, B.C
Toronto, Ont ... .
Victoria, B.C
Toronto, Ont
St. Thomas, Ont
Victoria, B.C... .
Mitchell, Ont
Victoria, B.C
Hamilton, Ont
Toronto, Ont
Newcastle, Ont . . .
Detroit, Mich
Montreal, P.Q . . .
Toronto, Ont.
Buffalo, N.Y....
.Sooke, B.C....
Vancouver, B.C.
Winnipeg, Man. .
Toronto, Ont.
Vancouver, B.C..
St. Thomas, Ont.
Victoria, B.C
Amovmt
Amount
subscribed
paid up in
for.
Cash.
%
$
10,000
2.000
5,000
1,000
1.000
200
2,500
500
400
80
2,500
500
600
120
200
40
5,000
1,000
5,000
1,000
1,000
200
1,000
200
1,000
200
1,000
200
10,000
2,000
10,000
2,000
5,000
1,000
1,000
200
1,000
200
2,000
400
500
100
500
100
200
40
1,000
200
],000
200
600
120
5,000
1,000
5,000
1,000
5,000
1,000
10,000
2,000
1,000
200
1,000
200
5,000
1,000
10,000
2,000
1,000
200
1,500
300
5,000
1,000
2,000
400
4,000
800
200
40
5,000
720
2,000
400
1,000
200
1,000
200
1.000
200
1,000
200
1,000
200
1,000
200
10,000
2,000
3,000
600
1,000
200
2,500
500
5,000
1,000
2,500
500
6,000
1,200
5,000
1,000
5,000
1,000
1,000
200
1,000
200
4,000
800
1,000
200
1,000
200
1,000
200
1,000
200
LIST OF SHAREHOLDERS
SESSIONAL PAPER No. 8
NATIONAL LIFE ASSURANCE COMPANY OF CANADA-Conimucd.
LIST OF SHAREHOLDERS— Contmued.
573
Name.
I
McAvity, T jSt. John, N.B
MacNab, A jWalton, Ont
McCallum, Dr. J. S Smith's Falls, Ont
Mcintosh, J iDerby, N.B
McLaurin, Mrs Mary Woodstock, Ont
Matson, R. H Toronto, Ont . .
Main, >[rs. Mary J Hamilton, Ont
Milne, Dr. G. L Victoria, B.C
Muntz & Beatty Toronto, Ont
Mulloy, C. W Aurora, Ont
Mnrphy, J. E Hepworth, Ont
Montague, Hon. W, H Hamilton, Ont .... . . .
Moore, C. Y Brampton, Ont
Munn, D. J New Westminster, B.C.
Morrison, Mrs. Mary St. John, N.B
Marsh, A. H., K.C Toronto
Murray, Alexander Mitchell, Ont.
Milne," Ellen C Victoria, B.C
Nelson, Chas Vancouver, B.C
O'Brien, S ,.,..... Victoria, B.C
Oliver, W. E.. u
Purdy, D. J St. John, N.B
Petrie, J. E Derby, N.B
Phillips, Mrs. Annie E ... FreJericton, N.B
Rogers, Elias Toronto, Ont
Rostein, J , Victoria, B.C . .
Robins, W Walkerville, Ont
Robertson, Mrs. S. J Hamilton, Ont
Redmond, W. H St. John, N.B
Richard.son, S. R , North Toronto, Ont . . .
Robinson, J Millei'ton, N.B
Ross, Frank T St. Stephen, N.B
Raymond, L. C. (in trust) Welland, Ont
Scott. Mrs. G. Eva Victoria, B.C
Scott, N. C St. John, N.B
.Scovil, Mrs. Helen M n
Scovil, Jas. J. M n
Scovil, Wm. G .1
Shenstone, J. N . Toronto, Ont
Sparling, F n
Spink, J. L II
Stone, Wm n
Shallow, F. D (Montreal, P.Q
Speed, J. W j Victoria, B.C
Smith, Mrs. S. A | 1.
Stewart, C. E jBobcaygeon, Ont
Sterling, Mrs. Mary T Detroit, Mich
Smellie, Dr. T. S. T iFort Willian:, Ont
Smith, Dr. A. D Mitchell, Ont.
Stuart Bros
Squire, Wm .
Strong, R. S. S Gait, Ont.
Smith, F. J. D ; . Newtonbrook, Ont
Shepherd, J. D Toronto, Ont .
Stewart^ Mrs. Ida A Woodstock, Ont.
Smith, Alfred H ! Wingham, Ont.
Smith, Jonas H Toronto, Ont .
Todd, Thomas
Tufts, Prof. J. F Wolfville, N.S.
Tye, Mrs. A. L Victoria, B.C. .
Taylor, W. J
Vail, C. E St. John, N.B.
Vowell, A. W Victoria, B.C. .
Vigeon, H TorontC', Ont. . .
Amount
subscribed
for.
1,000
500
500
500
2,000
9,500
500
10,000
1,000
2,000
2,000
1,000
500
5,000
2,000
2,000
1,000
1,000
1,000
1,000
1000
3,500
COO
1,000
10,000
2,000
1,000
4,000
1,000
500
4,000
5,000
1,000
1,000
1,000
1,000
500
500
5,000
8,000
5,000
9,000
1,000
1,000
1,000
1,500
2,500
1,000
4,000
1,000
2,000
1,000
2,500
1,000
2,500
500
500
1,000
5,000
1,000
10,000
5,000
1,000
2,000
Amount
paid
in Cash.
574 DEPARTMENT OF FINANCE— INSURANCE BRANCH
2-3 EDWARD VI i., A. 1903
NATIONAL LIFE ASSURANCE COMPANY OF CAN AV>X- Concluded.
LIST OF SHAREHOLDERS-Conc^Mdcrf.
Nairn
Watt, Dr. A. T...
Walker, Dr. R. E.
Weber, M. L
Residence.
Victoria, B.C
New Westminster, B.C.
Elmira, Ont
Wilkie, D. R Toronto, Ont. ...
Wood, Thos. L Brantford, Ont. . .
Wills, Wm. G Mitchell, Ont. . .
Walker, J. H Walkerville, Ont. .
Walker, Mrs. Margaret T
Wilson, Dt-. W. A Derby, N.B
Ward, Mrs. Margaret J i Hamilton, Ont ....
York, Joseph Victoria, B.C.
Young, Robt. E . . Listowell, Ont .
Total,
Amount
subscribed
for.
8500,000
Amount
paid
in Cash.
2,000
400
1,000
200
],000
200
5,000
1,000
1,200
240
500
100
5,000
1,000
5,000
1,000
500
100
2,000
400
1,000
200
GOO
120
,754 70
LIST OF SHAREHOLDERS
SESSIONAL PAPER No. 8
THE NORTH AMERICAN LIFE ASSURANCE COMPANY.
575
LIST OF DIRECTORS-{As at December 31, 1902 ).
John L. Blaikie, President ; James Thorburn, M.D., Hon. Sir Wm. R. Meredith, Vice-Presidents ; Hon.
Senator Gowan, L, W. Smith, I). McCrae, E. Giirney, J. K. Osborne, Wm. McCabe, Managing
Director; L. Goldman, Secretary.
LIST OF SHAREHOLDERS-(As at December 81, 1902).
Residence.
Allan, Adelaide Hai-riet
Blaikie, John L
Blaikie, John L., in trust
Blake, Hon. Edward, K.C., M.P
Belcher, Joseph S., in trust, executors of estate of
Burpee, Hon. Isaac, executors of estate of
Capreol, A. K., in trust.
Carruthers, J. B
Cartwright, Rt. Hon. Sir R. J., M.P
Carlyle, Jas., M.D., executrix of estate of . . .
Da vies, Hon. Sir L. H
Gowan, Hon. Senator J. R , .
Gurney, Edward
Hewitt, Rev. W. J., executors of estate of . . .
Jarvis, ^milius
Jarvis, ^4'^milius, in trust .
Lake, John N
Lovitt, Israel M ,
Lovitt, Wm. L
Mowat, Hon. Sir Oliver
Manning, Alexander
Macdonald, Miss Annie
McCabe, William
McCrae, D
MacKay, Hugh, executors of estate ot
McRitchie, Rev. George
Osborne, James K . ".
Proud foot, Hon. William
Goldman, L
Societv of the Montreal General Hospital ....
Smith^ Larratt W., LL.D
Spinney, Mrs. Annie W
Scott, Mrs. Jessie. .
Strath J', Frank W., as Manager Union Bank of
Canada, in trust
Thorburn, James, M.D
Thompson, Rev. John, D.D
Toronto
London, Eng .
Halifax, N.S..
St. John, N.B.
Toronto
Kingston
Ottawa
Toronto
Ottawa
Barrie
[Toronto .
Formby, Eng.
Toronto
Yarmouth, N.S.
Toronto
Que
Montreal,
Toronto .
Guelph
Montreal, Que.
Ottawa
Toronto
Montreal,
Toronto . .
Yarmouth
Toronto . .
Que.
N.S.
Sarnia
Total.
Amoimt
subscribed
for.
Amovint
paid
in Cash.
$
8
2,j00
400
14,000
2.800
5,000
1,000
10,000
2,')30
2,000
400
5,000
1,000
4,000
800
4,000
800
2,000
400
0,000
1,200
7,000
1,400
13,800
2,760
2,000
400
1,700
340
12,000
2,400
29,500
5,900
2,500
500
5,000
1,000
5,000
1,000
2,000
400
5,000
1,000
10,000
2,000
38,500
7,700
2,000
400
2,000
400
5,000
1,000
2,000
400
10,000
2,000
10,000
2.000
10,000
2,000
10,OOC
2,000
5,000
1,000
10,000
2,000
14,000
17,000
15,000
^300,000
2,800
3,400
3,000
$60,000
576
DEPARTMENT OF FINANCE— INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
THE NORTHERN LIFE ASSURANCE COMPANY OF CANADA.
LIST OF DIRECTORS (As at December 31, 1902).
Hon. David Mills, President ; Thos. H. Purdom, Thos. Long, Vice-Presidents ; John Milne, Managing
Director ; J. D. Balfour, Medical Director ; Lord Strathcona and Mount Royal, John Ferguson,
W. S. Calvert, N. H. Stevens, Francis Love, John Purdom, Matthew Wilson, Lieut. -Col. F. B.
Leys, John Davis, M. McGugan.
LIST OF SHAREHOLDERS— (As at December 31, 1902).
Name.
Allen, Walter
Armstrong, G. W ..... .
Ansley, J. H
Atkinson, T. R
Amyot, G. E
Ahearn, Thomas
Bartlett, Alex ....
Balfour, J. D
Bell, Walter
Bull, T. H
Blair, Wm
Beemer, Frank, M.D
Ballantyne, Mrs. R. M
Bisby, G. H
Bowes, J. G
Barker, Samuel . . .
Barron, W. C
Beatty, J. H
Brenner, O. E
Barselon, Jos
Bickerdike, R
Ballantyne, R. M
Ballantyne, Hon. Thos
Ballantyne, Thos., Jr
Bell, A. T
Bayley, C. H
Brennan, H. H
Balfour, Alice C
Brownlee, Milne, M.D
Baskerville, P., estate of
Boswell, A. W
Boswell, J. K
Breakey, John
Bate, H. N
Belcourt, N. A., M.P
Cameron, D. M
Cowper, T. D
Campbell, C. T., M.D
Campbell, J. B., M.D., estate.
Calvert, W. S
Creelman, Mrs. A. R .
Clark, William
Catto, J ohn
Coutts, John ;
Cattermole, J. F., M.D
Cattermole, Mrs. J . F
Cochrane, John
Coyne, J. H . , .
Charlton, B. E
Cummer, J. H
Campbell, Manson
Charlebois, A
Cochrane, James
Corneille, C. C
Campbell, P. R
Cleary, Miss E. E
Coffee, T. P
Cox, Hon. G. A
Residence.
Ottawa
London, Ont
Simcoe, Ont.
Quebec
Ottawa
Windsor, Ont.
London, Ont..
Toronto
London, Ont.
Montreal..
Hamilton.
London, Ont..
St. Catharines
London, Ont..
Montreal
Tavistock, Ont . . ,
London, Ont
Ottawa
Montreal
Woodstock, Ont,
Ottawa . . .
Quebec
Ottawa .
London, Ont..
Welland, Ont.
London, Ont..
Strathroy, Ont. . .
Toronto .
Newbury, Ont . .
Toronto . ....
Thamesville, Ont.
Toronto
Ridgetown, Ont.
St. Thomas, Ont
Hamilton. . . .
Chatham, Ont.
Montreal
Montreal . . .
Ridgetown, Ont.
Windsor, Ont. .
Toronto
Amount
subscribed
for.
2,000
1,000
1,000
1,000
2,500
2,000
1,000
11,000
.5,000
1,000
1,000
500
100
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
2,000
500
1,000
1,000
10,000
200
1,500
5,000
1,000
1,000
5,000
4,000
.500
1,000
1,000
1,000
3,000
5,000
1,000
500
1,000
500
500
500
500
1,000
2,000
1,000
5,000
1,000
2,000
1,000
♦ 500
100
1,000
1,)00
Amount
paid
in Cash.
LIST OF SHAREHOLDERS
SESSIONAL PAPER No. 8
NORTHERN LIFE ASSURANCE COMPANY OF CA.-^AV> A- Continued.
LIST OF SHAREHOLDERS— ConimrtecZ.
517
Name.
Residence.
Toronto
Comstock, W. H Brockville, Ont
Davis, John ... Windsor, Ont.
Davey, T. G London, Ont .
Dewar, Rebecca.
Durand, Andrew
Doust, Joseph. . .
Davies, Wm ....
Dufton, E. T Stratford, Ont.
Duncombe, Mary C St. Thomas, Ont
Duncan, Helen M Chatham, Ont .
Drummond, G. A . . Montreal
Drummond, G. E -i
Ducharme, G. N St. Cunegonde, Que.
Dobell, Hon. R. R., estate of Quebec
Dickson, Robert St. Mary's, Ont . . . .
Davey, P. N., M.D Duart, Ont
Davey, Mrs. Isabella Bothwell, Ont
DuVernet, E. E.. . . Toronto
Denholm, Andrew Blenheim, Ont
Dignan, R. H London, Ont
Dunn, T. D., estate Quebec
Dupuis, A. B tt . . . .
Dyment, E. A Thessalon, Ont
Dunnett, James Ottawa
Eckert, Mrs. Maria. London, Ont
Elliott, Mrs. Maria ..
Eastwood, J. M Hamilton
English, Wm Petrolea, Ont ...
Evans, J. P London, Ont
Elliot, Chas. H...
Edwards, W. C Rockland, Ont
Englehart, J. L Petrolea, Ont
Flemming, O. E Windsor, Ont
Ferguson, Miss M. I , Thamesville, Ont .
Ferguson, Miss S. H
Ferguson, Jas. N
Ferguson, James . . .
Eraser, R. N., M.D |
Ferguson, John iLondon, Ont. . .-. . .
Furness, W. C ' | ..
Eraser, John Petrolea, Ont
Eraser, Miss Margaret Quebec
Eraser, Mrs. C. E ..
Eraser, Mrs. Andrew .i
Fairbank, J. H Petrolea, Ont
Forbes, G. D jHespeler, Ont
Eraser, D. C New Glasgow, N.S .
Forbes, Mrs. Isabella R Ottawa .
Ferguson, A. J St. Thomas, Ont . . .
Graham, Alex., M.D London, Ont
Gibson, Wm., M.P Beamsville, Ont
Grant, James, estate of London, Ont
Graham, R. M n
Greer, B. W „ ....
Greer, A. B n
Garvey, John n
Garrett, Joshua h
Graham, A. D., M.D Bothwell, Ont
Guest, T. G Ridgetown, Ont . .
Gault, A. F Montreal , . . .
Graham, P. L., M.D Lobo, Ont
Geoffrion, C. A Montreal .... . . .
Garvey, C. M., estate of Savnia, Ont
Gray, R. A Toronto
Gillard, William Stratford, Ont ....
8—37
Ottawa . .
Thames ville,
Ont.
Amount
subscribed
for.
Amount
paid
in Cash.
5,000
5,000
5,000
500
1,000
100
1.000
100
2,000
200
1,000
100
5,000
5,000
1,000
100
2,000
200
2,000
200
2,000
200
1,000
100
2,000
200
2,000
200
5,000
500
1,000
100
1,000
1,000
1,000
100
2,000
200
1,000
100
2,000
2,000
1,000
1,000
5,000
500
1,000
100
5,000
500
5,000
500
1,000
100
1,000
1,000
1,000
100
1,000
100
2,000
200
2,500
1,250
3,000
300
5,000
500
5,000
500
1,000
600
5,000
5,000
2,000
200
10,000
1,000
500
50
1,000
100
500
500
500
500
1,000
1,000
2,000
2,000
1,000
],000
1,000
100
1,000
1,000
1,000
100
1,000
100
1,000
100
500
50
500 ,
50
1,000 i
100
1,000
100
1,000
100
1,000
100
1,000
100
6,500
2,000
2,500
250
1,000
100
1.000
1000
1,000
100
1,000
100
1,000
1,0(]0
578 DEPARTMENT OF FINANCE-INSURANCE BRANCH
2-3 liDWARD VII., A. 1903
NORTHERN LIFE ASSURANCE COMPANY OF CANADA- Co7i<mucd.
LIST OF SHAREHOLDERS- Con«mwec«.
Name.
estate of .
Ottawa
London, Ont
Chatham, Ont •.
Both well, Ont
Toronto
Montreal
St. Thomas & Sarnia .
Hainilton, Ont
Ingersoll, Ont
Toronto
Walkerville, Ont
Quebec
Guelph, Ont . .
St. Mary's, Ont . . .
Toronto
Petrolea, Ont
Delaware, Ont . .
Fernie,B.C
St. Thomas, Ont.
London, Ont
Petrolea, Ont , . .
Hamilton, E
Harris, G. B
Hanavan, M. J., M.D
Hueston, Robert
Hobbs, Alfred, M.D. . . .
Holmes, T. K., M.D • ..
Hiekey, W. R
Harper, G-^. A ... .'
Hodgson, Jonathan
Hughes, Miss E. N., and J. C. Douglas, in trust
Hendrie, William ■ . . .
Hegler, J. C
Houston, Wm . . , ,
Hoare, C. W., M.D
Huot, Philip
Innis, James, M.P
Irving, Mrs. Isabella
Irving, T. C
Jackson, J. A
Jackson. Robert
Jarvis, Mrs. Phrebe
Johnston, Mrs. Jessie H
Johnston, M. B
Jarvis, A. J
Jenkins, Charles ,
Jenkins, Henrietta
Jenkins, Kathleen
Jull, Mary
King, Miss Emma .
King, Charles
Kent, Thomas ,
Kloepfer, C
Kay, John B
Kerr, John
Kerr, James
Kpyes, Perley G
Knott, T. C
Kappelle, Geo . .
Long, Thomas
Leys, F. B
Lovpi, Francis
Leckie, John . ,
Luscombe, T. H
Lumley, G. W., .M.D... I Detroit,' Mich
Logan, J. M London, Ont
Leitch, C. St. Clair JDutton, Ont
Long, W. D ... Hamilton, Ont .
Lottridge, J. M 1
Lawrence, F. O., M.D !St. Thomas, Ont
Laidlaw, Wm Toronto
Lucas, R. A Hamilton, Ont .
Residence.
Ridgetown, Ont.
Quebec
London, Ont . .
Guelph, Ont . .
Toronto
Petrolea, Ont.
Ottawa
London, Ont
Toronto
London, Ont.
Toronto
London, Ont
Lash, Z. A
Little, R. A
Larkin, Patrick
Lowell, J. A., estate of . .
Langford, C. B., M.D. ..
Labatt, Theodore
LeMoine, Gaspard
Lockhart, R. J., M.D ..
Lister, J. F., estate.. ..
Laidlaw, Miss Agnes
Matheson, Mary
Mills, Hon. David
Mills, Nathaniel
Mills, Nathaniel, in trust.
Toronto
London, Ont
St. Catharines, Ont.
Niagara Falls, Ont..
Blenheim, Ont
Montreal
Quebec
Hespeler, Ont
Sarnia, Ont
London, Ont
St, Mary's
London, Ont
Amount
subscribed
for.
2,500
500
1,000
1,000
1,000
5,000
1,000
2,500
2,500
2,000
1,000
500
500
500
1,000
1,000
1,000
1,000
2,000
2,000
5,000
1,000
1,000
1,000
3,900
600
500
500
2,500
2,. 500
1,000
6,000
2,000
1,000
1,000
1,000
2,000
1,000
5,000
10,000
5,000
500
500
1,000
1,000
500
1.000
1,000
1,000
1,000
1,000
1,000
2,000
10,001)
5,000
1,000
1,000
500
500
I'lO
r-OJ
5,(X>0
5,500
3,000
1,000
Amount
l)aid
in Cash.
2,500
500
100
100
100
500
100
250
250
200
100
50
25
500
1,000
100
100
100
2,000
2,000
500
1,000
100
100
3,900
600
500
50
500
250
100
(500
200
100
1,000
1,000
200
100
500
1,000
500
50
50
100
100
50
100
100
100
100
100
100
200
1,500
500
100
100
500
100
100
50
1,000
2,450
725
100
LIST OF SHAREHOLDERS
SESSIONAL PAPER No. 8
NORTHERN LIFE ASSURANCE COMPANY OF CANADA- Continued.
LIST OF SHAREHOLDERS-Conimwec^.
579
Name.
Residence.
Mills, John ... . . Londcin, Ont
Marshall, John, estate of Aylmer, Ont
Mickleboroiagh, Wm St. Thomas, Ont . .
Mills, ^Y. R Hamilton, Ont. . . .
Marshall, Wm Ottawa
Macklin, Henry London, Ont
Meredith, Charles ... Montreal
Mann, William u
Mulholland, Jos., estate of
Milne, David Saj-nia, Ont
Middleton, J. T Hamilton, Ont
Mann, W.J , London, Ont
Mann, F. H . . . . . 1 Windsor, Ont
Mearns, John, ISl.D , [Woodstock, Ont .
Martin, Jos j Winnii^eg, Man
Mills, Nelson iMarysviile, Mich . .
MuUoy, Nelson, M.D. Preston, Ont
Moore, Mrs. Elizabeth St. Mary's, Ont
Milne, John London, Ont
Mackay, Robert Montreal
McFarlane, A. INIaude R ^,
Mc/arlane, Katherine . Thamesville
McPhillips, P London, Ont
McKillop, J. B M
McDonald, Jerry n
McEvoy, A. M „
McGuigan, M., M.P I Mt. Bridges, Ont. .
Mackenzie, D ... ^London, Ont .
McCoiibrey, A m
McAlpine,' Mrs. Mary Glencoe, Oftt
Macdougall, Colin, estate of St. Thomas, Ont . .
Mclntyre, A. ^Nl Dutton, Ont
Maclaren, D ivid Ottawa
Maclaren, Albert Buckingham, Que. .
Magee, James London, Ont
McElderry, Miss Rose Guelph, Ont
Macpherson, T. H Hamilton, Ont . .
Mackay, James . i»
McKinnon, Mis.s Frances n ,
Mcllwraith, J. F ..
McSloy, H. E St. Catharines, Ont ,
McLaren, Alex., M.D London, Ont
McKinlay, James Ridgetown, Ont
McNabb, Neil
McCully, Jonathan, M.D Cedar Springs, Ont .
McNaniee, F. B . . . Montreal
McLennan, R. R Alexandria, Ont
McCaughy, W. D [Quebec
McMillan, James iBelmont, Ont
McDonald, James [London, Ont
McMahen, A. T I „
McMartin. John
McLarty, D., estate
St. Thomas, Ont
Hamilton, Ont . . . .
Port Huron, Mich . .
Ottawa.
Campbelltown, N.B.
Brockville, Ont . ...
London, Ont
McCabe, Mrs. Mary
McMorran & Davidson . .
McDougall, Francis ...
McGovern, John
Maclaren, Joliu
Nash, B. J., estate of
Noble, R. D I Petrolea, Ont
Owen.s, E. W. J JToronto
O'Flaherty, John London, Ont.
Olmstead, Geo. W
Oronhyatekha, Dr
Parke, E. J. , estate of
8-371
Toronto
London, Ont.
Amount
subscribed
for.
A mount
]>aid
in Cash.
1,000
! 100
1,000
100
1,000
i 1,000
1,000
j 100
1,000
i 100
1,000
i 100
1,000
i 100
1,000
1 100
2,000
1 200
1,000
! 200
1,000
100
• 500
50
2,000
2,000
1,000
100
1,000
100
5,000
5,000
2,500
500
5,000
500
5,000
500
5,000
5,000
400
200
5,000
5.000
1,000
100
500
50
500
50
500
50
5,000
500
2,000
200
500
50
5,000
500
500
50
5,000
500
5,000
5,000
2,000
2,000
1,000
1,000
100
1,000
100
1,000
100
1,000
100
1,000
100
2,000
200
1,000
100
5,000 !
500
2,000 1
200
5,000
500
1,000
100
6,000
600
1,000 [
100
500 1
50
500 i
50
1,C00 1
1,000 (
100
1.000 :
1,000
1,000 1
100
2,000 1
200
500
600
1,000
1,000
2,000
2,000
1,000
100
1,000
1,000
1,000
100
1,000
100
1,000
100
5,000
500
1,000
100
580 DEPARTMENT OF FINANCE— INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
NORTHERN LIFE ASSURANCE COMPANY OF CX^A.V> A— Continued,
LIST OF SHAREHOLDERS- Conimucd.
Name.
Patton, Louise C ,
Purdom, T. H., K.C
Purdom, T. H., in trust
Purdom, John
Purdom, Alex
Pavey, A. E
Peterson, A. E. W
Peterson, M. H
Pratt, T. H
Pope, Miss M. A
Paul], Edwin
Prefontaine, R
Perley, Mrs. G . M
Pope, Edwin
Parker, T. H
Quirk, Thomas F
Rogers, W. B !.. .
Reid, Thomas
Rowat, T. A
Robson, T. E
Ryan, Hugh, estate of
Ross, Hon. A. M., estate of
Ryan, John, estate . .
Raper, William ,
Reid, Colin
Rodger, David
Rowe, Margaret J
Rutherford, George
Russell, James
Reynolds, T. W
Rutherford, Andrew.
Rutherford, James . . .
Reid, Thomas
Reid, Mrs. Thomas
Renfrew, Eliza J. T., estate of
Renfrew, Walter C
Renfrew, Allan C
Renfrew, Gordon C
Routledge, G. A., M.D
Reid, Robert, estate of
Ross, J. T
Riopelle, Jos
Robillard, Honore
Reford, Robert . .
Ross, F. W
Struthers, R. C
Somerville, C. R
Sarvis, R. H
Lord Strathcona and Mount Royal .
Somerville, G. A
Schoff, Daniel, estate of
Smith, Larrat W
Sharp, A
Stockwell, Caleb.
Scane, E. W
Stark, John
Stevens, N. H
Sutherland, Wm ,
Southam, W. M
Sowden, Mary M
Spry, Daniel, estate of
Sutherland, James
Samson, J. D., M.D
Sale, John ,
Sherwood, Esther A
Residence.
Quebec
London, Ont.
Toronto
Hamilton . . .
Lojidon, Ont
London, Ont..
Montreal, Que . .
Ottawa
Quebec, Que
Woodstock, Ont
Stratford, Ont . .
Quebec, Que
Toronto
London, Ont
Toronto.
Windsor, Ont.
P.othwell, Ont ,
London, Ont .
Blenheim .
Hamilton
Hamilton .
Blenheim, Ont. .
Walkerville, Ont.
Quebec
StoufIville,Ont.
Toronto .
Quebec
Lambeth, Ont
London, Ont. . ,
Quebec
Ottawa
Montreal ....
Quebec . .
London, Ont.
Montreal
London, Ont. . . .
Clandeboye, Ont.
Toronto
London, Ont. . . .
Chatham, Unt .
Toronto
Chatham
Glencoe, Ont . . .
Ottawa
Shipley, Eng. . . .
London, Ont. .
Woodstock, Ont
Windsor, Ont . .
Amount
subscribed
for.
Amount
paid
in Cash.
Ottawa .
400 1
200
10,000 1
1,000
129,700 1
5,000
500
6,.500
(>50
1,000
100
500
50
1,000
100
1,000
100
1,000 !
100
500'
50
1,000
100
.500
500
1,000
1,000
2,. 500
250
1,000
100
1,000
1,000
1,000
100
500
50
1,000
100
5,000
5,000
2,000
500
5.000
5,000
1,000
100
1,000
100
1,000
100
5,000
500
1,000
100
1,000
100
500
150
1,000
100
1,000
100
1,000
100
1,000
100
100
50
400
200
400
200
400
200
2,000
200
2,000
200
1,000
1,000
1,000
1,000
1,00C
1,000
2,000
200
3,000
3,000
1,000
100
1,000
100
1,000
100
20,000
2,000
2,500
500
500
50
1,000
100
500
50
1,000
200
1,000
100
1000
500
5,000
500
10,000
1,000
1,000
100
400
200
1,000
100
1,000
100
1,000
100
1,000
100
5,000
1,000
LIST OF SHAREHOLDERS
SESSIONAL PAPER No. 8
NORTHERN LIFE ASSURANCE COMPANY OF CANAD \-Conc?ucferf.
LIST OF SHAREHOLDERS- ConcZwrfed
581
Name.
Sutherland, Wm., estate of
Shopland, John
Shaw, Charles H
Shaw, Samuel K
Shaw, Elizabeth A. D
Shaver, H. H
Sutherland, J. D
Symington, Graham
Tennant, D. H
Taylor, Charles
Thompson, Walter
Thompson, John
Thompson, Mrs. John
Tait, D. M
Thompson, A. S., M.D....
Taylor, W. H
Trestian, Helen B
Thibaudeau, A. A
Trenholme, N. W
Tilden, John .
Turner, Richard, in trust . ,
Turner, Richard
Taylor, W. J
Turner, Miss E. H .
Trenholme, W. H .
Tasse, Emannuel .
ITiomas, Mrs. Mary M
Thomas, W. S., in trust. . . .
Vidal, B. H . .
Vanderiiiede, L. M
Williams, N. S
Walker, David.
Ward, William
Wyatt, Wm
Weekes, W. J., M.D
Walsh Bros
Workman, Mrs. Jane
Wilson, Matthev.'
Wallace, J. C
Wallace, Mrs. J. C
Weldon, Skelton
White, R.S
Ward, James K
Wood, A. T •.
Walker, C. M
Walker, Mrs. C. M., estate
Walker, John A
Werritt, W. A .
Warner, Henry
Wood, R. Shaw
Webb, Mrs. Mabel T
Yates, H. B., M.D
Youell, G. W
Young, W. A
Stevenson, Ont. .
Quebec
St. Thomas, Ont.
London, Ont
Mitchell, Ont.
iGlencoe, Ont.
St. Thomas, Ont.
Strathroy, Ont.
Chatham, Ont . .
Wardsville
Montreal
Hamilton
I Quebec. . .
London, Ont
Quebec
Westmount, Que.
Ottawa
Quebec
London, Ont. .
Lambeth, Ont
London, Ont..
Toronto
London, Ont..
! Stratford, Ont
Chatham, Ont . .
iRidgetown, Ont
I London, Ont.
Montreal . . , .
[Hamilton
jWalkerville, Ont.
Chatham
Toronto
London, Ont . . . .
Quebec
Montreal . . . .
Aylmer, Ont.
Ixmdon, Ont.
Total..
1,600
1,000
800
300
200
5,000
600
500
500
1,000
1,000
1,000
1,000
1,000
2,000
500
500
1,000
1,000
1,000
3,000
1,000
1,000
2,000
1,000
2,000
2,000
1,000
1,000
1,000
1,000
1,000
1,000
2,000
2,000
1,000
1,000
13,000
2,500
2,500
4,000
1,000
2,000
2,000
5,000
3,000
1,000
1,000
1,000
2,000
5,000
600
1,000
1,000
$839,300
Amount
paid
in Cash.
1,600
100
300
300
200
5,000
600
50
50
100
100
100
100
50
200
50
500
1,000
100
100
300
100
100
200
200
2,000
400
200
100
100
100
100
100
200
200
100
1,000
4,000
250
250
400
100
200
200
5,000
300
100
100
IOC
200
5,000
600
100
100
$213,750
582
DEPARTMENT OF FINANCE— INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
THE ONTARIO ACCIDENT INSURANCE COMPANY.
LIST OF DIRECTORS-(As at December 31, 1902).
La! ratt W. Smith, President ; Arthur L. Eastniure, Vice-President and Managing Director ; J. N.
Shenstone, W. H Pearson, J. H. Brock, Lent. -Col. R. E. C. Jarvis, J. Herbert Mas-.n, R. Shaw
Wood, Thomas Fyshe.
LIST OF SHAREHOLDERS- (As at December 31, 1902).
Name.
Residence.
Amount
subscribed
for.
Allen, A. W {Toronto
Goulding, H . , estate of late i n
Caldecott, S
Weston, G. H
Weston, E. O ,..
Jackes,, Joseph, estate of late
Heintzman, Theodore, estate of late
Davis, W. J
Henderson, W. R
Beardmore, W. D
Da vies, Robert H
Langlois, Herbert
O'Brien, A. H
Dusseau, L. V
Douglas, G. H
Miller, D
Lightbourn, E. T
Henderson, R. B
Watlington, J. H
Fleming, F. A
Taylor, J. McP
Winlow, F. J
Wood, Mrs. B. V. T
Hamilton, Stella G
Scott, J. C
Rolph, Smith & Co
Mason, J. Herbert
Hebden, E. F
Toy, J. J., K.C
McDougall, Judge
Greer, John
Brush, Seeley B '
Ross, Frederick J
Renfrew, A. E
Wilkenson, W Brantford
Monk, G. W Toronto
Hewson, F. B Niagara
Plow, George S Montreal ,
Wilcox, C. S Hamilton.
Steedman, J. P
Edwards, T. S
Macpherson, A
Wood, R. Shaw
Ingersoll Packing Co..
Henderson, Mrs. E. G
fSmith, F. C
Thome, R. Ward
Skinner, Hon. C. N
Woolverton, Dr. A
Stewart, T. J
Coburn, H, P
Ambrose, Walter
Ambrose, R. S
Ambrose, H. S
White, A. W
Bethune, Kenneth Hamilton ,
Neill, A. T
Iroquois
Markdale. . . .
London
Ingersoll . . .
St. John, N.B.
Hamilton .
150
500
50 I
250
250
500
1,000
250
250
1,000
1,000
1,000
50
500
500
250
1,000
150
150
250
250
250
250
250
250
750
1,000
250
250
250
1,500
150
250
250
250
1,000
500
1,000
250
250
150
150
3,750
250
250
100
150
500
250
250
250
500
500
250
250
250
500
Amount
paid
in Cash.
LIST OF SNA BEHOLDERS
SESSIONAL PAPER No. 8
ONTARIO ACCIDENT INSURANCE COMVA^Y- Continued.
LIST OF SHAREHOLDERS— Conttnwd.
583
Name.
Residence.
.Jarvis, Lieut. -Colonel R. E. C [Toronto
Muntz & Beatty
Boeckh, E. C . . . -
Douglas, W. J
Toronto Lithographing Co
Smith, Dr. Larratt W
Lightbourn, Mrs. A. S
Lightbourn, Miss L. A
Lightbourn, Miss E. L
King, J. S
Brown, Richard
Cassels, D. S
Buchan, J. L
McCormack, R. L. M
Gibson, R. E
Cox, E. W
Stimson, G. A
Clarkson, E. R. C
Cross, W. H
Thomas, A. W
Wright, Joseph , . .
Smith, C.C
Cox, F. G
Briggs, S. E
Lawrence, J. W
Hamilton, W. B
Firstbrook, John
Simpson, Joseph, estate of
McBride, R. H
Robertson, Thomas
Fensom, .Tohn
Fensom, G. H
Pear«on, W. H
Shenstone, J. N . . . .
Eastmure, L. H .
Eastmure, Mrs. L. H
Eastmure, A. L
Eastmure & Lightbourn
Lightbourn, F. J
Lightbourn, Mrs. F. A
Smith, J. K. B
Smith, Professor Gold\vin ,
Dixon, B. Homer
Mme Rochereau de la Sabliere
M. Charles de la Sabliere
Smith, J. F., K.C
Hammond, H. C
Brock, W. R
Cosgrave, L. J
Wickett, S R
Davies, William
Davies, Mrs. W
Gordon, Mrs. C. F
King, J. D
Playfair, J. S ,
Foy, John
Robinson, C, K.C
Dundas, Miss L
Leitch & Turnlmll ...
Campbell, A. McT
Fyshe, Thomas
Lewis, Lansing
Curry, Il^t. M. A
Kenny, T. E., M.P
Roberts, Frank
Hamilton
Winnipeg, Man.
Montreal.
Halifax, N.S.
Amount
subscribed
for.
1,700
500
500
500
500
2,500
250
150
150
250
500
2.50
250
250
500
250
250
500
500
750
250
250
250
250
250
250
250
250
250
250
500
250
2,500
2,500
250
250
3,150
14,200
1,500
250
250
2,500
1,000
250
1,750
1,000
500
1,000
500
250
5,000
2,500
500
250
500
250
1,000
250
250
250
1,000
250
250
500
250
Amount
paid
in Cash.
584
DEPARTMENT OF FINANCE— INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
ONTARIO ACCIDENT INSURANCE COMPAl^Y -Concluded.
LIST OF SHAREHOLDERS-Conc^Mded.
Grant, John
Gill, John M
Sangster, G. R
Robertson, J. F
Bourke, Thomas L .
Blair, Hon. A. G.. .
Trueraan, C. D
Finn, M. A
Milligan, R .
Banfield, John J. . .
Hamersley, A. S.. ..
Hamilton, C R
Johnston, J. I
Coulthard, W. B....
Graves, F. T
Morris, W. D . .
Stephens, A. J
Wallace, E
Addy, Dr. G. A. B .
Tilden, J. H
Green, F. W
Wadland, Henry. ..
Peine, Louis
Coulthard, Dr. G. E.
Beer, George F
Beer, Dr. F. D
Residence.
Brockville
Moncton, N.B..
St. John, N.B..
"Vancouver, B.C.
Fredericton, N.B.
Ottawa
St. John, N.B
Hamilton
Halifax, N.S
Woodstock, Ont . . .
New Hamburg, Ont.
Fredericton, N. B. . .
Charlottetown ......
Beer, Lemuel L | m
Beer, E. H. [
Oldright, William JToronto
Grass, R i.
Grass, S. M i „
Weddell, R jTrenton
McAuliflf, M.
Flavelle, J. W.
Philip, D. L...
Verity, M
Total
Lachine . .
Toronto . .
Brantford
$102,550
Amount
Amount
subscribed
]>aid
for.
in Cash.
$
$
1,000
500
500
500
500
200
500
150
500
200
500
200
150
60
250
100
250
75
500
150
150
45
10©
30
250
75
250
100
250
75
250
75
250
75
250
75
300
120
500
150
100
30
250
75
150
45
250
125
250
75
150
60
200
80
200
80
250
100
1,000
300
500
150
1,000
300
1,000
300
2, .500
750
100
100
100
100
$43,000
LIST OF SHAREHOLDERS
SESSIONAL PAPER No. 8
THE OTTAWA FIRE INSURANCE COMPANY.
585
LIST OF DIRECTORS-(As at December 31, 1902).
Oharles Mae'ee, President; C. Berkeley Powell, M.P.P., 1st Vice-president ; C. Ross, 2nd Vice-president;
C. Jackson Booth, Denis Murphy, M.P.P., John Coates, W. C. Edwards, M.P., Allan Francis,
Claude McLachlin, W. S. Odell, 0. C. Ray, Bennett Rosamond, M.P.
LIST OF SHAREHOLDERS-! As at December 31, 1902).
Name.
I
Allan, J. Roberts
Allan & Fleming
Arnoldi, King
Barnet, A
Bedard, A. N
Booth, C. Jackson
Booth, J. R
Brennan, J. C
Browne, J, C
T3runet, Rev. A
Bryson, Hon. Geo
Bryson, George J
Brvson, Jas. W
Bueli, A. A
Bum-' Geo ,
Butterworth, C. A
Carmichael, Thos, D
■Carson, John
•Clemow, Hon. F., estate of '.
Coates, John
Constantineau, Rev. H. A
€ox, R. x\I
Campbell, W. J
Crichton, H. M
Deguire, Rev. J. C. W
Devlin, R. J
Edwards, The W. C. Co., Limited.
Ewart, D
Ewart, J. A . .
Fan ier, John W
Finnie, D. M
Fleck, Alexander
Fleck, A. W
Francis, A llan
Garvoch, Alexander
Gemmill, J. A
Gillies, James
Goodeve, Chas
Graham, Dr. K. D
Henderson, G. F. (in trust)
Heney, F. A
Hennessy, J. W. , . .
Hogg,W.D
Jackscm, J . A . ...
Larmonth, P
Lord, John W
Lumsden, A
McCarthy, H. F
Mackie, Thos., M.P
Maclaren, David
McGee, John J
McLachlin Bros
McLachlin, Claude
Magee, Charles
Marler W. Lake Mgr. (in trust). . .
Mather, James
Mather, John
May, G. S
Mitchell, C. W
Amount
Amount paid
subscribed for.
in Cash.
%
$
12,200
2,440
6,100
1,220
1,200
240
5,000
1,000
2,000
400
12,200
2,440
12,200
2,440
5,000
1,000
2,500
500
1,000
200
2,500
500
1,000
200
1,000
200
10,000
2,000
3,100
620
3,100
620
500
100
2,000
400
6,100
1,220
7,000
1,400
5,000
1,000
12,000
2,400
1,800
360
500
100
1,200
240
12,200
2,440
12,200
2,440
1,000
200
600
120
600'
120
4,300
860
3,100
620
3,100
620
5,000
1,000
500
100
12,000
2,400
6,100
1,220
2,400
480
12,200
2,440
12,200
2,440
5,000
1,000
500
100
6,100
1,220
600
120
5,000
1,000
500
100
12,200
2,440
500
100
5,000
1,000
6,100
1,220
4,600
920
6,100
1,220
6,100
1,220
12,000
2,400
2,000
400
6,100
1,220
12,200
2,440
5,000
1,000
2,500
500
583
DEPARTMENT OF FINANCE— INSURANCE BRANCH
2-3 EDWARD Vll., A. 190a
OTTAWA FIRE INSURANCE COMPANY-(7onc/mZcc/.
LIST OF SHAREHOLDERS -Co7ic^i«?cd
Monk, Henry C
Morris, NV. D
Mnrphy, D
Myrand, Rev. J. A
New Westminster, R. C. Bishop of.
Nolan, T
Odell, Mrs. S. J
Odell, W. S
Owen, L. C
Paterson, R. W
Pattee, G. B
Porter, Nelson D., and T. Askvvith
Poupore, W. J
Powell, C. Berkeley, M.P.P
Rankin, C
Ray, CO
Reid, Bros
Reid, Norman
Robillard, H
Rosamond, Bennett, M.P
Ross, C
Roth well, B
Royal Bank of Canada, in trust
St. Jacques, F. X
Seguin. Rev. J. A.
Seybold. J. A. .
Shearer, John
Thomson, Clarence
White, Walter G
Woods, Jas. W
Amount
subscribed for.
2,000
5,000
12,000
1,800
3,000
2,500
1,500
24,700
300
600
12,000
5,000
6,100
12,000
500
12,200
2,500
1,000
5,000
10,000
22,000
12,200
2,500
12,200
1,200
12,200
600
1,000
12,000
3,100
Amount paid
in Cash.
$500,000
$
400
1,000
2,400
200
600
500
300
4,940
60
120
2,400
1,000
1,220
2,400
100
2,440
500
200
1,000
2,000
4,400
2,440
500
2,440
240
2,440
120
200
2,400
620
$100,000
LIST OF SHAREHOLDERS 587
SESSIONAL PAPER No. 8
THE QUEBEC FIRE ASSURANCE COMPANY.
LIST OF DIRECTORS— (As at December 31,' 1902).
Hon. P. Garneau, President ; Sir Alphonse P. Pelletier, Vice-president ; H. B. Bignell, Secretary and
Treasurer; W. A. Sims, Alfred Wright, A. E. Blogg, G. A. B. Dickson, Thoh. H. Hall, J.
Gardner Thompson, T. H. Norris.
LIST OF SHAREHOLDERS-(As at December 31, 1902).
Name.
Residence,
Bignell, H. B
Blogg. A. E
Dickson, George A. B
Garneau, P
Hall, Thos. H
London and Lancashire Fire Insurance Co
Norris, Thos. H . . .
Pelletier, C. A. P
Sims, Wm. A
Thompson, J. Gardner
Wright, Alfred
Quebec .
Toronto ......
Toronto .......
Quebec
Toronto
Liverpool, Eng,
Quebec . .
II
Bushey Eng. . .
Montreal
Toronto
Amount
subscribed
for.
$225,000
Amount
paid in Cash.
450
250
450
250
450
250
450
250
450
250
220,500
122,500
450
250
450
2:-o
450
250
450
250
450
250
.$125,000
588
DEPARTMENT OF FINANCE—INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
THE ROYAL VICTORIA LIFE INSURANCE COMPANY.
LIST OF DIRECTORS-(As at December 31, 1902).
James Crathern, President ; Andrew F. Gault, Hon. L. J. Forget, Vice-Presidents ; David Burke?
General Manager ; Jonathan Hodgson, Hon. James O'Brien, Hon. Robert Mackay, Samuel
Finley, Rev. R. H. Warden, Gaspard LeMoine, David Morrice, H. N. Bate, T. (4. Roddick.
LIST OF SHAREH0LDERS-(A8 at December 31, 1902).
Name.
Ames, Herbert B
Adair, Robert ,
Audette, Rodolphe
Austin, Frederick John
Alexander, Maria B
Balfour, Mrs. Geo. H
Blackwell, K. W
Burnett, William, M.D
Boswell, Andrew W
Beer, Lemuel L
Beer, Edgar H
Barbeau, H., estate of late
Burke, David . . .
Bell, Samuel
Buller, Frank, M.D .
Bate, H. N
Breakey, John
Bickerdike, Robert
Birks, Henry
Brown, H. B
Bell, Thos. D
Byrne, John Henry
Baird, Annie Mary
Blanchet, John ...
Boddy, Samuel J
Brown, Peter
Brown, Harriet M
Benson, Laura A., trustee
Burn, George
Bassett, Thomas
Bassett, Mary J. C
Brittain, Joseph
Blfiakley, Aggie J ,
Brown, Patrick , . . .
Babcock, Josephine E
Babcock, Carola A
Chapleau, Sir J. A., estate of late.
Cook, William '.
Crathern, James
Caverhill, George
Cheney, Gilman, estate of late.. . .
Comte, Joseph
Cundall, Henry J
Cassils, Agnes M
Currie, John Z
Chauteauvert, Victor
Clark, Wm. Mortimer
Clark, Helen Gordon
Clark, Jeannie Mortimer
Clark, Elizabeth Gordon
Cameron, John Alexander
Cimon, M. H. Ernest
Cormack, John Graham
Cox, Hon. George A
Cromar, Barbara . .
Clarke, Wm. H., M.D .
Coote, Patrick, M.D
Coote, Caroline T
Carter, Stewart J
Residence.
Montreal .
Quebec
Sherbrooke. .
Bowman ville
Montreal
Quebec.
Charlottetown, P.E.I.
Montreal
Ottawa. . .
Quebec . .
Montreal .
Sherbrooke
Montreal
Georgetown, P.E.I.
Toronto
North Bay, Ont
Toronto
Port Hope, Ont
Ottawa
Bowman ville
Kingston
Montreal.
Amount
subscribed.
Quebec . .
Montreal .
Charlottetown, P.E.I
Montreal . ...
Cambridge, Mass., U.S.A.
Quebec .
Toronto
Montreal
Riviere du Loup, Que.
North Bay, Ont
Toronto
Lindsay, Ont
Quebec . . . .
Amount
paid
in Cash.
Montreal.
5,000
1,000
1,000
200
3,000
600
500
100
2,500
500
800
160
2,000
400
1,000
200
1,000
200
1,000
200
300
60
1,000
200
5,000
1,000
5,000
1,000
2,500
500
8,000
1,600
5,000
1,000
1.000
200
5,000
1,000
500
100
5,000
1,000
.SOO
60
1,500
300
500
100
1,000
200
2,500
500
2,.50O
500
1,000
200
2,500
500
3,500
700
1,000
200
2,500
500
2,500
500
2,000
400
5,000
1,000
5,000
1,000
5,000
1,000
1,500
300
10,000
2,000
10,000
2,000
20,000
4,000
10,000
2,000
1,000
200
5,000
1,000
500
100
2,000
400
5,000
1,000
2,500
500
500
100
500
100
5,000
1,000
1,000
200
100
20
2,500
500
500
100
1,000
200
1,000
200
500
100
1,500
300
LIST OF SHAREHOLDERS
SESSIONAL PAPER No. 8
ROYAL VICTORIA LIFE INSURANCE CO.-Continucd.
LIST OF SHAREHOLDERS-Con^mwec/.
589
Name.
Residence.
Bowmanville, Ont.
Winnipeg, Man. . .
Quebec
f eterboro', Ont . . .
Chapman, Ephraim R [St. John, N.B.
Carter, Alice S Monti eal .
Carter, Lila A , . . ,
Cann, Elizabeth
Cann, William
Christie, Wm. J
Chauveau, Alex
Collins, Joshua D
Campbell, Peter ,
Chisholm, Wm , Halifax, N.S.
CoLson, Chas. H , . . Montreal.
Cronyn, Margaret Toronto
Dawes, T. A Lachine.
Dow, Mary Montreal.
Deeks, Wm. E
Dawson, Wm. V
Dawson, B
Desjardins, Hon. A.
Dufresne, Alex. R Ottawa
Doyle, William Quebec.
Dunn, Timothy H. , estate of iQuebec .
Dunton, R. A Montreal
Davies William Toronto
Durnford, Geo. & Augustus ])., in trust. ....... Montreal ,
Donnelly, Thomas Kingston
Denniston, Katherine A . . . , Peterboro', Ont .
Dafoe, Wm. A., M.D Madoc, Ont
Dumoulin, P. B Quebec
Dwyer, William H Ottawa, Ont
Elliott, James Montreal
Edgell, Stephen Sherbrooke
Ewart, John H .- Toronto
Forget, Hon. L. J Montreal
Fry, Henry n
Finley, Samuel n
Forget, Rodolphe n
Eraser, H. R Sherbrooke
Fairie, Annie L Montreal
Fulford, George T Brockville, Ont
Fisher, Rosewell C, in trust Montreal.
Grass, Ruliff Toronto, Ont.
Gardner, James Montreal .
Gault, Andrew F
Oilman, F. E
Gordon, Charles B .
Gravel, J. O
Giroux, Edmond iQuebec.
Gilmour, Thomas . !Brockville, Ont . . .
Graham, John j Woodstock, N.B.. .
Grist, Chas jStrathroy, Ont
(iage, W. J Toronto ...
Galbraith, Mary {Bowmanville, Ont.
Galbraith, Margaret n
Galbraith, Jean i ..
Gilmour, James H , Brockville, Ont . .
Graham, Mrs. M. G Ottawa
Amount
subscribed.
I Amount
paid
in Cash.
Gordon, Jas. Thos. . .
Hope, John
Hosmer, Charles R .
Holt, H. S....
Herridge, William T .
Hague, George
Hickson, Catherine.
Hyde, George
Hodgson, Jonathan. .
I Winnipeg
Montreal..
Ottawa . ,
Montreal .
200
500
500
500
500
1,500
1,500
5,900
1,000
1,500
1,000
600
2,000
5,000
500
1,000
2,500
1,000
500
1,000
5,000
2,500
2,500
2,500
2,000
7,000
2,000
2,000
10,000
2,500
500
3,000
10,000
1,000
5,000
5,000
500
5,000
25.000
2,000
2,500
5,000
20,000
5,000
1,000
5,000
1,000
10,000
5,000
2,000
5,000
500
500
500
5,000
3,000
1,500
10,000
.5,000
10,000
5,000
5,000
7,500
1,000
10,000
40
100
100
100
100
300
300
1,180
200
300
200
120
400
1,000
100
200
500
200
100
200
1,000
500
500
500
400
1,400
400
400
2,000
5U0
100
(00
2,000
200
1,000
1,000
100
1,000
.5,000
400
500
1,000
4,000
1,000
200
1,000
200
2,000
1,000
4(0
1,000
100
100
100
1,000
<>00
300
2,000
1,000
2,000
1,000
1,000
1,500
200
2,000
590
DEPARTMENT OF FINANGE-INSUBANGE BRANCH
2-3 EDWARD VII., A. 1903
ROYAL VICTORIA LIFE INSURANCE COMPANY-Conimwcd!.
LIST OF SHARE HOLDERS- Confmwt/.
Na
Hodgson, Thos. E
Hodgson, Chas. J
Haszard, F. L
Hurd, A. S
Knot, Philippe
Hart, George F
Hingston, Sir William, M.D
Hart, Mrs. Annie (executrix estate lute Frank J,
Hart)
Hannaford, Edmund P., estate
Hackett, Francis J
Henry, Arthur I
Hoskin, Alfred
Hackett, Michael W
Hodgson, Sarah
Hoare, Chas. W
Hume, John
Hara, Frederick N
Harcourt, R. B. (in trust)
Hopkins, Gerard H . . .
Hoar, Thomas
Haines, George, estate ... . . .
Higginbotham, John, estate late
Hillier, S. C, M.D
Hackett, J. P
Hall, Edward H. D
Harris, Robt. W
Hodgson, C. J., in trust
Hogg, W. D
Inches, Mary D. I
Irvine, John
Irwin, \Vm. J
Jordan, Rev. Louis H. (in trust)
Jamieson, Jas. A . . ' ,
Jones, James R. , M. D
Love, Robert W . . . . ,
Laliberte, J. B
Letellier, Alphonse
LeMoine, Gaspard . . . .
Lount, Frederick Alex ".
Lefroy, Harold B
Larue, Vildebon W
Love, Andrew T
Lundy, John James
Maxwell, Edward
Morson, W. A. O
Macintosh, John
Macintosh, Preble
Macnider & Co. , James
Macnair, Andrew D ...
Morrice, David
Morrice, Annie S
Morrice, W. J
Mackinnon, Donald A
Macdougall Bros ...
Marsh, Wm. A
Meredith, Arthur
Marcoux, Louis Cyrille
Miller, Mrs. Pauline C. L
Macara, John, estate
Mackay, Donald (in trust)
Morton, Henry
Morton, Mrs. Annie
Morton, Phillips & Co
Metcalfe, Chas. P
Residence.
Montreal
iCharlottetown, P.E.I..
Sherbrooke
Quebec
Montreal
Amount
subscribed
for.
Quebec
Toronto
Montreal
LacoUe, Que
Walkerville, Ont .
Port Hope, Ont .
Merritton, Ont. . . .
Toronto . .
Lindsay, Ont
Bowman ville, Ont.
Winchendon, Mass., L^.S.A.
I Peterboro", ()nt
: Vancouver. B.C ...
Montreal
ISc. John, N.B.
iMilford, N.B...
Peterboro', Ont
Toronto
Montreal..
Winnipeg, Man.
Toronto
Quei>ec
Cobourg, Ont . .
I Toronto
'Quebec . .
I Peterboro', Ont
Montreal
Charlottetown, P.E.I
Montreal . .
Quebec
Glasgow, Scotland , . .
Montreal
Georgetown, P.E.I.
Montreal
Quebec
Toronto .
Quebec
i Toronto
Quebec
Toronto
Montreal « . .
5,000
2,500
500
500
2,500
2,500
5,000
5,000
10,000
1,000
1,0<J0
2.000
],.50O
10, (XK)
1,500
4,000
1,0(X>
1,500
1.000
5,000
2,500
2,000
2,500
l.< 00
1,S00
1.500
5.000
1,500
1,000
500
1,000
5,000
5,000
1,000
1,000
1,000
1,000
5,000
500
1,000
2,000
1,000
5,000
5,000
500
5,000
1,000
1,000
15,000
5,000
5,000
2,500
500
5,000
1,000
5,000
1,000
2,500
1,000
10,000
2,500
2,000
2,000
500
Amount
)aid up in
Cash.
1,000
500
100
100
500
500
1,000
1,000
2,000
200
200
400
300
2,000
300
800
200
300
200
1,000
5O0
400
500
200
360
300
1,000
300
200
100
200
1,000
1,000
200
200
200
200
1,000
100
200
400
200
1,000
1,000
100
1,000
200
200
3,000
1,000
1,000
500
' 100
1,000
200
1,000
200
500
200
2,000
500
400
400
100
LIST OF SHAREHOLDERS
SESSIONAL PAPER No. 8
ROYAL VICTORIA LIFE INSURANCE COMPANY— Conimwcd.
LIST OF SHAREHOLDERS-CoH^mwecZ.
591
Name.
Matthews, W. D
Morrow, John
Metcalfe, Henry Duncan
Mudie, John .
MacLaren, Mrs. Emma
MacLaren, John
Moore, Vincent Howard.. . . .
Mackintosh, William
Murphy, John
MacVicar, D. N
Molsons Bank
Magwood, John, estate late. . . .
Mahoney, Mrs. Mary
Mackay, Hon. Robert
McAuliff, Michael.
McGannon, W. H
McManamy, Daniel
JSIcFarlane, Alice Maude R
MacLeod, James, M. D . . . .
McDonald, Wm. A
McFee, Alexander ...
McClellan, John
Mclver, John B
McConochie, Sam., M.D. . . .
McFarlane, Mrs. Margaret K.
McLaughlin, Arthur E
McLaughlin, Marion
McLaughlin, Norman
Neelands, Jacob
Needier, William . . .
Needier, Mary Emelia
Needier, Henrietta
O'Brien, Hon. James, estate
Ogilvy, Sr., Jas. A., (in trust)
Ogilvy, John, (in trust)
Oldright, Henry H., M.D .. .
O'Reilly, Edward
O'Flynn, Frederick Wm
O'Flynn, Harry Herbert
Osier, E. B .
Palmer, Charles . .
Pentland, C. A
Picken& Co., J. B
3*aradis, Etienne
Penman, John ...
Pickup, Samuel VV. W
Pater.son, Thomas
Pollard, Jacob
Pearson, George
Patterson, Andrew
Pearse, Edgecombe
Porter,- Mai shall, estate
Price, Wm
Purslow, Julia G
Quick, Frederick . ,
Rankin, Conn. Donley
Ross & Son, P. S.
Roddick. T. G., M.D
Ross, John T
Rionx, Narcisse
Rahtjen, Miss A. M
Robins, William
Roblin, Hon. Rodniond P . . .
Robinson, James
Robertson, Wm. F
Robertson, Alexander ......
Residence.
Toronto
Winnipeg
Kingston, Ont .
Brockville, Ont.
jMadoc, Ont.
■Halifax. . .
I Montreal
Lindsay
Toronto
Montreal
Welland, Ont
Morrisburg, Ont
Sherbrooke, Que
Montreal
Charlottetown, P.E.I.
Lockeport, N.S
Montreal.
Bowman ville, Ont. . .
Kingston, Ont ... .
Hamilton, Ont .
Montreal
Bowmanville, Ont. . . .
Lindsay, Ont
Millbrook, Ont.'...
Montreal
Toronto
Winnipeg
Madoc Village, Ont .
Toronto
Charlottetown, P.E.I. ,
Quebec
Montreal
Quebec
Paris, Ont ...
Granville Ferry, N.S.
Bowmanville, Ont
Montreal
Peterboro', Ont
Bowmanville, Ont
Quebec ,,
Port Hope, Ont
Belleville, Ont
Charlottetown, P.E.I..
M(mtreal
Quebec .
Toronto
Walkerville, Ont.
Winnii)eg
Montreal
Amount
Amount
ubscribed
paid up in
for.
Cash.
S
% ■
10,000
2.000
2,500
500
1,500
300
1,000
200
10,000
2,000
10,000
2,000
1,000
200
1,500
300
1,500
300
1,000
200
5,000
1,000
1,000
200
2,000
400
42,500
8,500
2,500
500
500
100
1,000
200
1,000
200
500
100
1,000
2t0
1,000
200
2,000
400
1,000
200
5,000
1,000
5,000
1,000
600
120
600
120
700
140
3,000
600
15,000
3,000
1,500
300
1,500
300
10,000
2,000
500
100
500
100
1,000
200
1,000
200
5,000
1,000
5,000
1,000
5,000
1,000
1,000
200
],000
200
5,000
1,000
1,000
200
5,000 -
1,000
1,000
200
5,000
1,000
2,500
500
1,500
300
2,500
500
1,000
200
700
140
5,000
1,000
5,000
1,000
2,000
400
1,000
200
5,000
1,000
5,000
1,000
5,000
1,000
1,000
200
5.000
1,000
2,000
400
1,500
300
5,4 K)
1,080
5,000
1,000
1,000
200
592
DEPARTMENT OF FINANCE— INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
ROYAL VICTORIA LIFE INSURANCE COMPANY -Concluded.
LIST OF SHAREHOLDERS- Conc^nt/erf.
Name.
Scott, E
Smith, Ohas. F
Smith, Clarence F . .
Sumner, (jreorge
Starke, Geo. R
Sims, A. Haig
Scott, W. P
Stephenson, James
Sanderson, Frank
Snyder, L.P
Smith, W. A. De Wolf, M.D.
Sharpies, Margaret A
Swan, Henry
Steele, James T .
Smith, Chas. A
Scott, Robert F
Stewart, John J
Snetsinger, .John A
Shaw, Charles H . . .
Shaw, Sam. K
Shaw, Elizabeth A
Smith, R. Wilson . .
Turner, Richard ...
Trenholm, Willian. H
Twomey, Denis Augustus ....
Taylor,' F. C
Taylor, Sir Thomas W
Thompson, Alexander, Sr
Tamblyn, William Ware
Trees, Samuel
Taschereau & Lavery
Valliere. Philippe . .
Veals, Elizabeth
Vallee, Arthur, M. D
Verret, Mrs. Odile Belleau
Wilson, James
Weddell, Robert, Jr ,
Webb, Mabel T
Webster, William, M.P
Woods, James W
Worthington, Edward B
White, William, J
Warden, Robert H
White, Richard
Warwick, Francis Wiij
Whitby, Oliver R
Waddell, Frank Russell . .
Waddell, James Norris
Waddell, Mrs. Kezia A
Wallace, George Henry. . . .
Wilson, Matthew S
Williams, William Henry
Woods, William
Wickett, John
Westley, R. A., M.D
Waddell, Hugh
Williams, James
Webb, E. E
Wilson, David Henry, M.D. .
Yuile, William
Residence.
Montreal .
Saxonhurst, England ,
Hamilton
Toronto
New Westminster
Quebec
Toronto
Dnndas, Ont
Port Hope, Ont. ..
Toronto
Halifax, N.S
Moulinette, Ont
Quebec
Montreal
Quebec
Hochelaga
Morrisburg, Ont..
Lindsay, Ont
Winnipeg
Strathroy, Ont
Bowmunville, Ont.
Toronto
Quebec
Amount
subscribed
for.
Toronto
Quebec .
Montreal
Trenton, Ont
Quebec
Halifax, N.S
Ottawa
Sherbrooke, Que . .
Montreal
Toronto
Montreal
Buckingham, Que.
Paris, Ont
Hamilton, Ont —
Wolf viUe, N.S... .
Dundas, Ont
Bowman ville, Ont.
Port Hope, Ont
Montreal ,
Peterboro', Ont
Brock ville, Ont
Quebec
Vancouver, B.C.
Montreal
5,000
5,000
2,000
5,000
5,000
5,000
1,000
5,000
1,000
1,000
500
2,000
1,500
5,000
1,000
5,000
1,500
6,000
700
700
800
2,500
1,000
1,000
1,000
1,000
5,000
2,000
2,100
7,500
1,000
1,000
10,000
5,000
2,000
2, .500
2,500
5,000
2,500
1,000
500
1,000
5,000
500
1,500
1,000
300
300
300
1,000
5,000
2,000
2,500
2,.500
1,000
1,.500
2,300
1,500
1,500
5,000
$1,000,003
Amount
paid up in
Cash.
1,000
1,000
400
1,000
1,000
1,000
200
1,000
200
200
100
400
300
1,000
200
1,000
300
1,200
140
140
160
500
200
200
200
200
1,000
400
420
1,500
200
200
2,000
1,000
400
500
500
1,000
500
200
100
200
1,000
100
300
200
60
60
60
200
-1,000
400
500
500
200
300
460
300
300
l,fK)0
$200,000
LIST OF SHAREHOLDERS
SESSIONAL PAPER No. 8
THE SUN LIFE ASSURANCE COMPANY OF CANADA.
593
LIST OF DIRECTORS-(As at December 31, 1902).
RoVjertson Macaulay, President ; S. H. Ewing, Vice-President ; Alex. Macpherson, .James Tasker
Murdock McKenzie, J. P. Cleghorn, J. R. Dougall, Abner Kingman, T. B. Macaulay, Secretary and
Actuary.
LIST OF SHAREHOLDERS-(As at December 31, 1902).
Name.
Abbott, Albert . . .
Abbott, Edwin
Alexander, Chas. . , . .
Allan, Mrs. A. S ^
Allan, .John
Allan, Robert A
Allan, Arch. A
Allan, Robt. A.\p, .
Allan, Wm. A. ) ^^-^^cutors
Allen, Miss Margaret
Anderson, Mrs. A, E
Anderson, Mrs. Frances D
Baker, Edwin S
Balfour, G. H. , manager in trust . . .
Bate, Henry A., in trust
Bate, Henry A. i.
Bate, Henry A. n
Bate, Henrv A. h
Bate, KG."
Bate, Wm. T
Bell, John, K.C
Black, Rev. J. R
Black, Mrs. Annie
Blackader, Mrs. R. L
Bryson, Miss M. H
Burland, G. B
Cameron, J. H. . .
Campbell, F. W., M.D
Cassils, Charles
Cathcart, Rev. N
Chisholm, Mrs. Margaret
Clarke, E. O'.
Cleghorn, J. P
Collins, J. D
Coulson, D
Cox, Hon. Geo. A
Cross, Selkirk, K.C
Gushing, Mrs. L. M
Gushing, Mrs. L. M., in trust
DeLisle, A. M., estate of late
DeLisle, M. Nowlan
Dickson, W. B., Anderson, R. D.,
Allan, R. A., in trust
Dickson, W. B
Dougall, John Redpath, M. A
Dougherty, C. B
Ewing, S. H
Fair, Robert, in trust.
Fairbaim, Mrs. Jane R
Filgate, Samuel
Forster, Rev. J. Lawson, D.D. ...
Franklin, Miss S. J
Fry, Mrs. Laura
Garland, C. Simpson
Gault, Arthur F
Gault, C. Ernest
Gault, Leslie H
Gault, MissE. M
Gault, Miss M.F
8—38
Residence.
Brockville .
Montreal.,
Winnipeg.
Montreal.
and
London, England
Westmount
Ottawa
Winnipeg
Montreal
Ottawa ,
St. Catharines
Belleville
Kingston
Halifax
Montreal
Toronto
Montreal
Orange, N.J ..
Montreal
Guernsey, C.I.
Belleville. ...
London, Eng..
Montreal ,
Peterboro'
Toronto
Montreal.
Longue Pointe, Que.
Montreal
Ottawa
Montreal
Peterboro'
Montreal
London, Eng.
Toronto
Montreal
Number
of
Shares,
52
33
130
4
44
44
59
44
6
21
43
10
125
1
1
1
1
100
28
11
7
26
5
25
26
13
20
33
32
27
5
36
105
13
52
46
17
5
40
12
114
21
25
26
73
16
20
10
100
25
11
20
5
5
5
5
5
Amount
subscribed
for.
5,200
3,300
13,000
400
4,400
4,400
5,900
4,400
600
2,100
4,300
1,000
12,500
100
100
100
100
10,000
2,800
1,100
700
2,600
500
2,500
2,600
1,300
2,000
3,300
3,200
2,700
500
3,600
10,500
1,300
5,200
4,600
1,700
500
4,000
1.200
Amount
paid up in
Cash.
495
1,950
60
660
660
885
660
90
315
645
150
1,875
15
15
15
15
1,500
420
165
105
390
75
375
390
195
300
495
480
405
75
540
1,575
195
780
690
255
75
600
180
11,400
1,710
2,100
315
2,500
375
2,600
390
7,300
1,095
1,600
240
2,000
300
1,000
150
10,000
1,500
2,500
375
1,100
165
2,000
300
500
75
500
75
500
76
500
75
500
75
594
DEPARTMENT OF FINANCE— INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
SUN LIFE ASSURANCE COMPANY OF CA.^ AD X- Continued.
LIST OF SHAREHOLDERS -Confmwed.
Name.
D.D
Gault, Mrs. E. J., in trust.
Gault, M. H
Gault, Percy R . . . ,
George, Rev. J. H.
Gilmour, J. H
Gilroy, Thos
Gilroy, Mrs. Beatrice ,
Greene, E. K
Gunter, J. B . . .
Hall, Miss J. A .
Hauiilton, Alexander
Hendershot, Mrs. A. M . . . .
Henderson, J. A., M.D
Hill, Wni. H
Hingston, Sir Wm. H., M.D.
Horwood, Edgar L
Ibbotson, Mrs. F. L
Kingman, Abner
Leney, John M
Leney, Mrs. Lucinda
Lever, Mrs M. Edythe. . . .
Little, James
Macaulay, R
Macaulay, R.,
Macaulay, R.
Macaulay, R.
Macaulay, T.
in trust
B
Chicago . . ,
Brockville .
Winnipeg.
Montreal
Fredericton. ..
Ottawa
Montreal
St. John, N.B.
Montreal
Peterboro'
Montreal
Ottawa
Montreal
Macaulay, Mis. H. M
Macaulay, Herbert R., M.D
Macaulay, Mrs. A. I
Macdonald, J. K., in trust
Macnaughton, Mrs. J. B
Macpherson, Alex
McCarthy, Jas. M
McCarthy, John G
McDonald, K
McFarlane, Mrs. M. K
McGill, Charles
McKenzie, Murdoch
McKenzie, M. & Co
McLachlan, Mrs. Elizabeth W
McLachlan, Mrs. Elizabeth W., in trust.
May, Geo. S
Meyer, H. W. C, estate late
Meyer, J. T. L., & C. C. Ross, in trust. .
Miller, Miss J. G
Miller, Mrs. Elizabeth Smith
Miller, Wm. T
Ogilvie, Hen. A. W., estate
Perley. Geo. H.
Piddington, T. A., Billingsley, F., &
Mann, Wm., executors
Piddington, Thos. A
Piddington, Samuel .
Piddington, Alfred
Piddington, Mrs. Annie (institute). . . ,
Pitblado, J., & Irwin, W., trustees
Proctor, C. D., estate late
Reekie, Miss Jessie C
Reekie, Miss Isabella G.
Reid, John R ,
Reid Geo. E
Ridout, Mrs. Kezia '.
Robertson, Henry ,
Roger, Miss Isabella
Residence.
Montreal.
New York.
Belleville . .
Montreal .
Shanghai .
Toronto
Kingston .
Montreal .
Ottawa . . .
Montreal .
Peterboro'
Montreal .
Ottawa
Calgary . .
Toronto . ,
Montreal .
Ottawa .
Montreal .
Quebec . . .
Ottawa . .
Montreal ,
Quebec . . .
Montreal ,
Westmount.
Ottawa
London, Eng.
Richmond
Montreal
Peterboro
Number
of
Shares.
1
.5
6
30
26
15
111
65
2
59
65
52
10
68
13
10
4
55
5
16
5
30
699
234
130
113
135
33
23
20
40
32
26
21
21
49
65
137
459
20
2
1
55
14
4
25
15
2
210
50
140
35
35
35
35
21
7
33
33
10
10
34
40
46
Amount
subscribed
for.
100
500
600
3,000
2,600
1,500
11,100
6,500
200
5,900
6,500
5,200
1,000
6,800
1,300
1,000
400
5,500
500
1,600
500
3,000
69,900
23,400
13,000
11,300
13,500
3,300
2,300
2,000
4,000
3,200
2,600
2,100
2,100
4,900
6,500
13,700
45,900
2,000
200
100
5,500
1,400
400
2,500
1,500
200
21,000
5,000
14,000
3,500
3,500
3,.^00
3,500
2,100
700
3,300
3,300
1,000
1,000
3,400
4,000
4,600
Amount
paid up in
Cash.
LIST OF shareholders:
SESSIONAL PAPER No. 8
SUN LIFE ASSURANCE COMPANY OF QA.'^A.'DK— Concluded.
LIST OF SHAREHOLDERS- ConcZuc/ec?.
595
Name.
Residence.
Aberdeen, N.C.
Toronto
Montreal
Ross, Mrs. C. C . . Montreal
Ross, Rev, D., D.D Kingston
Ross, Frank W Quebec . .
Ross, J. G {Montreal
Ross, P. S. & Son I
Ross, W. G
Rowlands, Mrs C. S
Ryan, John, estate
Ryan, Mrs. M. I
Smith, R. Wilson
Snasdell, J. S !
Stevenson, Miss Agnes S I Quebec .
Stevenson, James A {Montreal
Stevenson, Miss J . E ! n
Strong, Mrs. A. W
Tasker, James
Tory, James C
Voss, Mrs. M. A., in trust
Waddell, Hugh
Waldie, John
Wanless, Mrs. Harriet
Ward, Mrs. E. B
Warden, Rev R. H., D.D
Warner, Mrs. L. C
Whyte, Mrs. G. A
Wilkes, Alfred J., K.C
Wilkes, Mrs. E. F
Williams, Miss J. A. C
Wilson, John ... , .
Workman, Thomas, in trust
San Jose, Cal . , .
Peterboro'
Toronto
St. Catharines .
Westmount
Toronto
Montreal
Peachland, B.C.
Brantford
Superior, Wis.
Montreal ....
Ottawa
Number
of
Shares.
Total.
Amount
Subscribed
for.
12
26
260
10
1
11
12
33
130
26
8
12
10
12
10
250
77
35
.25
100 I
16 i
32
119
23
22
30
21
5
33
48
7,000
Amount
paid up in
Cash.
1,200
2,600
26,000
1,000
100
1,100
1,200
3,300
13,000
2,600
800
1,200
1,000
1,200
1,000
25,000
7,700
3,500
2,500
10,000
1,600
3,200
11,900
2,300
2,200
3,000
2,100
500
3,300
4,800
700,000
180
390
3,900
150
15
165
180
495
1,950
390
120
180
150
180
150
3,750
1,155
525
375
1,500
240
480
1,785
345
330
450
315
75
495
720
105,000
8— 38i
596
DEPARTMENT OF FINANCE-INSURANCE BRANCH
2-3 EDWARD VII., A. 190S
THE UNION LIFE ASSURANCE COMPANY.
LIST OF DIRECTORS-(As at December 31, 1902).
H. Pollman Evans, President and Manager; Harry Symons, K.C., 1st Vice-President; Charles Percy,
2nd Vice-President; F. G. Hughes, 3rd Vice-President; G. E. Millichamp, Medical Director;.
G. E. Allen Jones ; A. E. Vallerand.
LIST OF SHAREHOLDERS-(As at December 31, 1902).
Name.
Evans, H. Pollman
Hughts, F. G
Jones, G. E. Allen
Millichamp, G. E., M.B •.••.••••
National Agency Company, Limited
Percy, Charles
Symons, Harry
Vallerand, A. E
Residence.
Toronto .
Gait ...
Quebec .
Toronto
Montreal
Toronto .
Quebec . .
Amount
Subscribed.
1,000,000
Amount
Paid.
2,500
250
2,ao
2.50
2,600
250
2,500
250
982,500
98,250
2,500
250
2,500
250
2,500
250
100,000
LIST OF SHAREHOLDERS
SESSIONAL PAPER No. 8
THE WESTERN ASSURANCE COMPANY.
597
LIST OF DIRECTORS— (As at December 31, 1902).
Hon. Geo. A. Cox, President ; Hon. S. C. Wood, Geo. R. R. Cockbum, H. N. Baird, Geo. McMurrich,
W. R. Brock, M.P., James K. Osborne, E. R. Wood J. J. Kenny.
LIST OF SHAREHOLDERS— (As at December 31, 1902).
Name.
Residence.
Amount
subscribed
for.
Amount
paid up.
Ames, A. E. & Co
$
39,440
1,000
410
5,000
8,000
200
36,000
1,040
1,200
2,920
480
1,200
400
800
80
8,000
35,440
400
640
2,000
1,000
800
4,000
2,000
1,040
4,000
600
560
320
1,520
2,000
4,000
1,260
4,000
6.000
3,000
2.000
800
1,400
3,200
1,000
3,000
1,2<X)
6,640
20,000
1,000
1,600
2,000
720
4,000
800
800
600
9,000
200
28,040
41,480
8,000
1,600
1,000
39,440
1 000
Anderson, T. 0
Agar, Miss Florerce
440
Anderson, Wm
5,000
Arkell, F. Henry
Armstrong, Miss M. A. . ..
Chagrin Falls, Ohio .
8,000
200
Atlas Loan Company
St. Thomas, Ont
Toronto .....
36.000
Armstrong, Mrs. E., in trust . . . ,
1,040
Alexander, Miss J. E
Woodstock
Toronto
1,200
Armstrong, Mrs. E
2,920
48^
Arnold i and Johnston, in trust . . ,
1,200
Ambrose, H. S .
Bond, Mrs. A
Baines, C. C
Bank of Ottawa, in trust
Hamilton
Toronto
400
400
80
8,000
Brough, T. G., Manager, in trust. . .
35,440
,1
400
Bain, John, trustee. . .
640
Bain, Thomas. ,
Dundas, Ont
2,000
Bassett, Mrs. Annie
Bassett, Miss Mary J. C
Bowmanville, Ont
St. Catharines, Ont
1.000
800
Bate, W^ T., and H. J. Taylor, executors
Bate, W. T
4,000
2,000
Battersby, C, M.D
Baxter, Miss Ellen M
Beaty, Jno. W
Port Dover, Ont
Burlington, Ont .
Toronto
1,040
4,000
600
560
Beemer, Frank, M.D
Bond, Jno. M ...
Boomer, H. C , .
Boswell, Mrs. Charlotte
Brock, W. R., M.P
London
Guelph
Toronto
Banff, N.W.T
Toronto
Owen Sound, Ont
320
1,520
2,000
4,000
1,280
4,000
Brown, Mrs. Cornelia C.
Toronto
Newmarket, Ont
Toronto....
Montreal
Bowmanville, Ont
Hamilton Ont
6,000
Brown, Edward B., executor
^runton, Mrs. H. A
3,000
2,000
Bain, John. . ...
800
Beemer, Miss Kate A
Burke, E. VV
1,400
3,200
Baillie, J. E
Bickerdike, Robt
Bassett, Thomas .
1,000
3,000
1.200
T^arkpr Sfl.miipl
6,640
Bullen, W. F., Manager, in trast
Beaty, John D
Baird, Hugh N
London, Ont
Samia
Toronto
Yonkers, N. Y. . . ...... .....
20,000
1,000
1,600
Brown, Robt. S
2,000
Bean, Rev W. H
720
Bums, Geo. Ferrier
Bingham, Geo. A . . .
Toronto
Aylmer, Ont
Guelph, Ont
Toronto
4,000
800
Bond, W. George
Bell, Wm., in trust
800
600
Blain, Eliza H., executors estate late
Campbell, J. Lome
Canada Life Assurance Co
Central Canada Loan and Savings Co. , Limited .
Campbell, A. M., as manager, in trust. .
C'liiiprnn IVTr^ Aimip
9,000
200
28,040
41,480
Lucan
Toronto
8,000
1,600
Campbell, Mrs. Eleanor
Stoni wall, Man
1,000
598
DEPARTMENT OF FINANCE— INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
WESTERN ASSURANCE COMPANY- Con^mwcd.
LIST OF SHAREHOLDERS-Con<m7<aZ.
Name.
Residence.
!
Amount
subscribed
for.
Amoxmt
paid
in cash.
Campbell, Peter McL .....
Carey, Wm., estate of late
Collingwood
Toronto
1
$
800
2,400
5,000
2,800
720
1,000
1,600
20,000
1,000
2,000
400
600
4,000
80
10,000
1,600
1,600
200
3,000
2,000
50,000
2,440
5,000
1,880
2,200
2,000
4,000
2,4(K)
600
640
1,000
2,000
2,400
1,000
240
80
40
3,280
2,400
800
4,000
4,000
480
1,000
1,000
4,000
2,000
1,000
8,000
800
280
3,000
2,000
80
4,000
8,000
1,000
3,000
1,000
1,000
15,000
3,600
1,000
760
800
800
2,400
Carlyle, Jas., M.D., estate of late
Carlyle, Mrs. W. D
Carmelite Sisters
Carmichael, Wm ,
5,000
Baltimore, Md
2,800
720
1,000
Carpenter, Miss S. P
Collingwood
1,600
Carruthers, James
Toronto
Scarboro'
20,000
Cawthra, Mrs. E. J
1,000
Chester George >
2 000
Childerhose, Mrs. I. C
400
Chute, Misses E. & A
Toronto .
600
Clark, Andrew
Clos.son, Nolan C. P
Dundas
Toronto
Gait ...'.".'.'..'.'.".".'.'.".".!!!'!'
Belleville
Toronto . .
Ufford, Muskoka
4,000
80
Cockburn, G. R. R
10,000
Colby, Alfred F
Cole, Wm
1,600
1,600
Coleman, E. H
Corcoran, J . W
Coutts, James
200
3,000
2,000
Cox, Hon. Geo. A
Cox, Mrs. Annie S
Cunninsfham, Robert..
Toronto
Paris ,
Guelph
50,000
2,440
5,000
Campbell, D
Cawthra, Mrs. E. J., & W. H., in trust
Trumansburg, N.Y . ...
Toronto
Bowmanville
Montreal
1,880
2,200
Cryderman, J. H. ...
2,000
Creelman, A. R., K.C
4,000
Comstock, Mrs. S. R
New York, N.Y
Toronto
Omemee
Halifax
Toronto
2,400
Cawthra, W. H
600
Curry, Miss L. S
Crosbie, C. A
Coffee, J. F
640
1,000
2,000
Canada Trust Company
Clark, Jas. A
Cameron, Mrs. C
Craig, Mrs. F. G
Craig, Rev. R. J., in trust
Cooch, A. C
Carpenter, E. R . .
Crowther, W. C
Chipman, Willis
Carruthers, G. A
Cooch, Mrs. Clara
Cochran. Miss Mary
Caldwell, J. B
London.
Greensville
Collingwood
jKingston
III . . .
2,400
1,000
240
80
40
Toronto
Collingwood
3,280
2,400
Toronto
i ..
Winnipeg
Toronto
Brantford
800
4,000
4,000
480
1,(XK)
500
Dadson, Mrs. A. V. S
Paris . .
4,000
Davies, Mrs. Emma ...
Dewart, Rev. E. H., D.D
Toronto
2,000
1,000
Dick.son, Robt
St. Mary's
Lucan
8,000
Dight, Norris ,
Dulf , Miss M. E
800
Toronto
280
Duffett, Walter
3,000
I^undas. J. R., estate of late. . ...
2,000
Dunlop, Mary M
Richmond, Va
Toronto
Brantford
Atlanta, Ga
Toronto
80
Denny, John .
Digby, J.W., Pres., & R. S. Schell, Mgr., trustees
Dexter, Geo. J . ...
4,000
8,000
1,000
Dalton, Miss J. E
Dalton, Miss Mary R . .
3,000
1,000
Dalton, A.E '
Dalton, C. C. ,
••
1,000
15,000
DeGex, Leonard M
Dunn, Jesse W
Davidson, Mrs. S. F
Dupuis, Mr.s. Annie
Strathroy
Toronto
Kingston
3,600
1,000
760
800
LIST OF SHAREHOLDERS
SESSIONAL PAPER No. 8
WESTERN ASSURANCE COMPANY— Conimwct?.
LIST OF SHAREHOLDERS-Co7i«mw€(i.
599
Name.
Donnelly, Thos ,
Dalton, "Miss E. M
Dunnett, Mrs. Jessie
Elliot, Miss Kate E
Evans, Rev. E., D.D., estate of late
Emery, Mrs. C. H
Ewing, Mrs. Isabella ,
Eakins, W. Geo . . . .....
Fergusson & Blaikie.
Ferrah, Robt
Field, Mrs. Isabel. . . .
Fitton, Henry W
Fitton, Mrs. Lillias
Fitzgerald, Thomas
Forbes, Robt. , estate of late
Forster, J. W. L ...
Foster, Mrs. Jane M
Frej'^sing, Peter
Fnlton, Robt. R
Flavelle, J. W
Fletcher, Rev. D.H ,
Farthing, J. M., in trust
Fauquier, G. E
Fitzgerald, W
Gordon, Wm
Gamble, G.
Gosling, F. J., agent, & E. A. Campbell, Acct.
in trust
Gamsby, Mrs. Rosa A. B ...
Garrett, Mrs. M. L
Gash, Mrs. Jane
Gibson, Mrs. E. M
Gilmor, Miss Kate ,
Goad, Chas. E .
Gould, Isaac J . . ,
Graham, Mrs. Ada
Grant, Aggie
Grasett, Fred. LeM., M.D
Gray, Wm ,
Gowans, John, estate of late
Gamble, Mrs. M
Gibson, Rev. John..
Galbraith, Miss M
Galbraith, Miss Jean
Galbraith, Miss Mary
Greaves, Mrs. C. C
Graham, James ...
Gowan, Hon. Jas. R
Gentles, Mrs. Margt
Gunn, Andrew
Gill, Robt
Gibson, Hon. Wm.
Gilmor, Mis8 Alice ...
George, Thos. H
Gilliland, L. J
Gorham, Mrs. H. D
Hamilton, J., estate of .
Residence.
Kingston .
Toronto . .
London.
Port Burweli .
Bayfield ....
Toronto . . .
Gait
Toronto
Orillia
Toronto
Bowm anvil le.
Hespeler ....
Toronto
St. Thomas . .
Toronto
Woodstock. . .
Toronto
Hamilton . .
Aylmer
Ottawa
Toronto . . . .
Toronto
Houston, Texas.
Kingston . ....
Toronto
Hamilton
Toronto
Uxbridge. ,
Toronto . .
Woodville .
Toronto . .
New York
Toronto . . .
ThornhilL...
Bowmanville.
Collingwood
Lindsay
Barrie . ...
Kincardine..
Toronto
Ottawa . ...
Beamsville. .
Toronto . . .
St. Mary's
Milton . . .
Belleville..
Toronto
Brooklyn, N.Y.
Toronto
Hanunond, Mrs. I lErindale.
Home Savings and Loan Co., in trust
Harlow, Mrs. A. K., in trust
Harrington, Mrs. Catharine
Harrington, Fred
Harrington, Miss Kate . .
Harvey, Mrs. Joanna L., in trust
Henry, John
Guelph . .
Don P.O.
Amount
Amount
subscribed
paid
for.
in cash.
$
■ .$
400
400
3,000
3,000
3,U00
3,000
2,400
2,400
1,920
1,920
1,000
1,000
1,000
1,000
800
800
9,360
9,360
280
280
2,000
2,000
3,000
3,000
320
320
1,000
1,000
8,320
8,320
400
400
1,040
1,040
7,000
7,000
6,640
6,640
17,880
17,880
3,080
3,080
400
400
10,000
10,000
200
200
120
120
600
390
2,920
2,920
3,840
3,840
1,000
1,000
1,000
1,000
4,000
4,000
120
120
12,000
12,000
8,000
8,000
2,000
2,000
2,880
2,880
2,280
2,280
400
400
6,000
6,000
2,280
2,280
1,000
1,000
200
200
200
200
240
240
240
240
5,000
5,000
6,800
6,800
3,000
3,000
2,600
2,600
800
800
16,480
16,480
200
200
1,000
1,000
400
400
480
480
4,000
2,500
15,440
10,036
37,160
37,160
560
560
40
40
760
760
1,000
1,000
400
400
800
800
800
DEPARTMENT OF FINANCE— INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
WESTERN ASSURANCE C0MPANY-(7(memMed.
LIST OF SHAREHOLDERS— CiwKinweA
Name.
Henry, Wm. .
Hobscn, J. Henry
Holcroft, H. S
Holland, Chas..
Hooper, Chas. E., estate of late
Hoskin, Jno., Pres., & Langmuir, J. W., Mg. Dir.
in trust . ,
Howe, Etna D
Hughes, Mrs. J. D. . . .'
Hughes, D. W
Hyman, Ely, estate of late
Heyd, George D ,
Harris, Rev. Elmore
Hanlin, Mrs. Helen
Heffernan, Miss M. C ,
Harris, Lloyd
Heakes, Rev. Wm
Holcroft, Mrs. M. S
Hughes, D. W., trustee
Hague, George
Harris, Mrs. H. S. V
Hinde, George J
Hobson, Ed. J . .
Home, George
Henderson, John
Harris, A. B. & A. Adamson, trustees
Hughes, Miss F. L
Hood, John, in trust . ,
Harris, Arthur B
Harris, Arthur B., in trust
Hornsby, Harry ...
Holcroft, Chas. J. F
Hewat, Florence E
Irving, L. Homfray
Innes, James
Irving, Mrs. Louie
Ingles, Robt., Mgr., & A. C. Skelton, Acct., in
trust
Inglis, Miss Christina
Jarvis, Aernelius & Co
Jackes, Mrs. Henrietta
Johnston. Chas. A
Jones, Thos. E
Jones, Rev. Wm
Jones, Wm. J
Jackes, Price, estate of late
Jones, W. J., & A. E. McLaughlin, trustees
Jarvis, Salter M. , estate of late
Johnston, James A
Jackson, Margt. S
Johnston, E. F. B., K.C
Johnston, Miss S. L
Jamieson, Miss J. L
Kemp, J. C, Mgr., & M. Morris, Asst. Mgr., in
trust , , " .
Keefer, W. Napier ,
Kennedy, Mrs. E. L
Kenny, J. J
Kenny, Miss Marion
Knox, Geo ...
Keith, David S
Kirkpatrick, Rev. F. W., estate late
King, Miss Emma
Kirkpatrick, Mrs. H. B
Residence,
Wexford
Dawlish, Eng.
Orillia
Toronto
Merritton
Toronto
Brantford
Toronto
Fergus
Collingwood . . ,
Brantford
Wellsboro', Pa.
Toronto
Montreal
Clarkson
Croydon, Eng
Toronto
Greenbank
Ottawa
Clarkson ....
Toronto ....
Keewatin
Clarkson
Rowington, Eng.
Toronto
Guelph
Toronto
Guelph
Toronto
Eg] in ton
Bowmanville.
Mimico
Toronto ... .
Bowmanville.
Toronto
Bowmanville.
Toronto
Bowmanville.
Simcoe
Toronto .
ICalt .
Guelph .
Toronto
Kingston .
Quebec . . .
Kingston
Amount
Subscribed.
Amount
paid
in Cash.
1,000
4,000
200
3,000
2,520
9,160
4,000
1,000
1,000
12,800
2,600
2,000
600
600
6,800
1,600 1
400 I
1,000
1,000 I
2,480 I
30,000
4,000
2,800
5,000
1,600
480
1,000
880
4,320
680
1,000
800
4,400
2,000
200
9,280
400
560
800
200
360
16,600
4,000
5,280
2,000
1,880
2,000
800
1,440
680
2,280
76,760
2,200
5,520
14,240
400
480
2,600
1,200
800
1,640
1,000
4,000
200
3,000
2,520
9,160
4,000
1,000
1,000
12,800
2,600
2,000
600
600
6,800
1,600
400
1,000
1,000
2,480
30,000
4,000
2,800
5,000
1,600
480
1,000
880
4,320
680
1,000
800
4,400
2,000
200
9,280
400
560
800
200
360
16,600
4,000
5,280
2,000
1,880
2,000
800
1,440
612
1,938
76,760
2,200
5, .520
14,240
400
480
2,600
1,200
800
1,640
LIST OF 8HAPEH0LDERS
SESSIONAL PAPER No. 8
WESTERN ASSURANCE COWPX^Y— Continued.
LIST OF SHAREHOLDERS-Confmwtfd.
601
Name.
Kennedy, Miss B. H.
Kennedy, Miss G. M
Landon, Mrs. Alison B ,
Lawrence, G. W., estate late
Laycock, Mrs. Annie. ...
Lelean, Nicholas
Little, Rev. Jas., M. A
Long, Thomas, in trust
Lyon, Mrs. Josephine
Love, John A . .
Lash-Miller, Mrs. P. C
Leggat, Matthew
Long, Thos
Long, Miss Elizabeth
Long, Miss Annie
Logan, F. G
Larkin, P., estate late ^
Lyons, Miss A. E. .'.
Langley, H. Geo
Massey, J., Mgr., & W. C. Lee, Treas., in trust.
Miller, D., Mgr., in trust
Metropolitan Bank, in trust , . .
Mackay, Geo. S., trustee .
Maddison, Mrs. E. A., in trust
Magee, Mrs. Emma H
Marks, Emilie P
Martin, Tho^. B., trustee
Masson, Wm., estate of late
Maughan, N. , estate of late
Michie, Mrs. Catharine
Miller, Mrs. Eliz A
Mills, Jesse S
Milne, David A
Morrison, Angus, estate of late .
Murray, Rev. J. G
Mnsgrave, Mrs. S
Merrill, L
Merrill, A. D
McGillivray, Clara D
Metcalfe, Mrs. E
Marks, Miss Norah M
Macpherson, Miss K. L
Macpherson, R. D., estate of late
Myers, Augustus
Manning, Alex , .' . .
Milford. Geo
Moran, W. J
Moore, Miss Minnie M
Marriott, Chas
Moffatt, Fred. M
Miller, R. S., estate of
Murray, George
Murray, Mrs. M. J. H
McCalium, Wm
McGill, Chas. G
McGill, Wm
McLaren, Henry
McNally, Rosa R
McCuaig, Mrs. M. L. B
McMurrich, W. B., and Geo., in trust
McGill, Margt
McNamara, Thos
Mclnty re, Jas
McCarthy, Thos. A. M. and J. L. G., trustees. . .
Mclntyre, Jno
Residence.
St. Catharines .
Simcoe .
Stratford . . . .
Buffalo, N.Y ..
Toronto
Belfast, Ireland
Toronto . . .
II
Stanton P. O ..
Toronto
Hamilton
Toronto
II , .
II
St. Catharines..
Toronto
It
II
11
Deer Park
Cayuga, Ont. . .
Whitby
Toronto
II
II
Grimsby
Seaforth
Tillsonburg ...
Kingston . . .
Grimsby
Port Arthur . . .
Montreal
Toronto
II
Owen Sound . .
Rat Portage . . .
Strath roy
Toronto
Churchville
M . . . '
Bolton
Toronto
Hamilton
Baltimore, Md .
Belleville
Toronto
II
Madoc
Stratford
Barrie
Stratford
Amount
Subscribed.
Amount
paid
in Cash.
40
32
40
32
16,000
16,000
2,200
2,200
4,000
4,000
400
400
7,400
7,400
4,000
4,000
fiOO
600
1,000
1,000
600
600
10,000
10,000
10,160
10,160
3,200
3,200
3,%0
3,200
1,800
1,800
4,000
4,000
480
480
800
800
80,120
80,120
30,600
30,600
12,000
12,000
1,280
1,280
440
440
1,400
1.400
1,000
1,000
1,600
1,600
4,880
4,880
2,000
2,000
1,40C
1,400
640
640
400
400
920
920
1,000
1,000
800
800
2,000
2,000
1,000
1,000
1,000
1,000
880
880
1,400
1,400
6,000
6,000
480
480
3,920
3,920
4,200
4,200
16,000
16,000
8,000
8,000
2,000
2,000
1,600
1,600
2,000
2,000
400
400
320
320
3,440
2,408
6,840
5,130
2,000
2,000
600
600
3,000
3,000
4,000
4,000
360
360
4,000
4,000
1,240
1,240
600
600
«00
800
400
400
1,4C0
1,400
3,200
3,200
602
DEPARTMENT OF FINANCE— INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
WESTERN ASSURA.NCE COUVX^Y- Continued.
LIST OF SHAREHOLDERS-Confmwcd.
Name.
Residence.
St. Catharines.
Whitby
Warkworth . .
Ann Arbor,
Toronto
Goderich.. .
Collingwood
London . . . ,
Toronto
Madoc
Toronto ....
Guelph ...
Lucan
Beamsville .
Toronto , . .
McCalla, Mrs. W. J., in trust. .
McGillivray, Mrs. Helen
McCauley, Rev. Samuel
McCanley, Mrs. L. M | ..
McFiggins, Arthur J iFenella
McFiggins, Miss E. J Toronto
McCabe, Wm
McMurrich, Geo
McMurrich, Prof. J. P
McMurrich, Mrs. M
McMurrich, W. B., in trust . .
Niven, .J.K. &Co
Nevitt, Mrs. E. E
Niehaus, Chas
Niles, Mrs. Mary R
Neilson, Mrs. Catharine
Nordheimer, Samuel . .
Nairn, Alex
North American Life Assurance Co.
Neilson, Hugh
Naftel, D. .T ....
Noble, Mrs. Eliza A
Northern Life Assurance Co .... . .
Osier & Hammond . . . . ,
O'Flynn, E. J)
Osborne, .J. E. K
Osborne, H. C
Oxnard, Geo. A
O'Neil, Daniels
Osborne, .Tohn P..
Osborne, Jas. K ; . . .
Osborne, Miss Annie . . . .
Ogdeii, W. W., m trust
Paisley, Mrs. Marie
Parker, Stephen J ,
Parlane, W. A
Paterson, Thomas
Patton, Mrs. Deborah ...
Patton, Mrs. D . , in trust . .....
Patton, Jos. C, M.D. ...
Potts, James McC
Price, Miss Lavinia
Perry, Miss Elizabeth .
Pepper, Rev. .John
Porter, John S ,
Pipe, Harvey and J. M. Townshend,
Peters, (xeo
Perry, Chas ,
Peine, Louis ...
Perry, W. N
Paterson, Rev. T. W
Pringle, Mrs. S. J
Powell, ]Vl.rs. Louise R..
Parfitt, Albion
Richardson, H. A., Mgr., in trust..
Rice, O. F., Mgr., in trust
Ramsay, Wm
Ranee, Eva F
Ridout, Percival F
Robinson, Christopher, K.C ,
Robinson, Elizabeth
Robinson, Elizabeth, in trust
Roger, Rev. W. M
Ross, Hon. A. M., estate late
Ross, Chas. G
Mich .
Owen Sound .
Collingwood .
Bowmanville.
Toronto
Stirling
Deer Park
Toronto
Toronto Junction. .
Toronto.
trustees i Amherst, N.S
Peterborough
Scarboro' Junction.
New Hamburg
Toronto
iDeer Park
Toronto
Ottawa
London
Toronto
Blyth . .
Toronto
Amount
subscribed
for.
Peterborough
Toronto
Newmarket. . .
Amount
paid
in Cash.
80
80
1,240
1,240
640
640
640
640
2,000
2,000
2,000
2,000
2,000
2,000
4,400
2,640
3,440
2,236
800
480
1,200
1,200
8,440
8,440
1,200
1,200
5,000
5,000
1,200
1,200
2,000
2,000
12,000
12,000
1,200
],200
2,400
2,400
2,000
2,000
40f
400
2,200
2,200
10,000
10,000
18,360
18,360
9,000
9,000
200
200
200
200
1,600
1,600
1,000
1,000
200
200
4,200
4,200
3,200
3,200
960
795
600
600
16,000
16,000
600
600
5,000
5,000
4,440
4,440
8,680
8,680
1,840
1,840
2,000
2,000
400
400
1,080
1,080
600
600
1,200
1,200
1,000
1,000
800
800
840
840
1,200
1,200
400
400
3,.360
3,360
600
600
160
160
2,000
2,000
6,400
6,400
28,120
28,120
19,U00
19,000
120
120
2,200
2,200
4,000
4,000
2,400
2,400
160
160
400
400
2,000
2,000
1,400
1,400
LIST OF SHAREHOLDERS
SESSIONAL PAPER No. 8
WESTERN ASSURANCE COMPANY— Con^mwecZ.
LIST OF SHAREHOLDERS— Con^mucci.
603
Name.
Ross, Miss Caroline S
Routh, J. H., estate late
Royal Trust Co
Ruddock, John
Ruston, Thomas
Rutherford, Miss Amy E
Rutherford, Miss Fannie. . .
Rutherford, Mrs . M. M
Rutherford, Mrs. M. M. and E. C, trustees
Roger, ]VIrs. Helen S .
Rowlands. R. F
Reardon, Henry F . ...
Ross, Mrs. Mary S
Radley, Mrs. Eliz. J
Ryan, Miss Elizabeth ,
Ryan, Miss Abigail
Rumsey, C. S
Ross, E. P
Rogers, Miss Rosa V
Smith, C. C. and C. F. Wurtle, in trust
Smith, W. H., Mgr., in trust
Strathy, H. S., Mgr., in trust
Schell, R. S
Scott, James, estate late
Shaw, Mrs. L T
Sherrard, H. A
Small, Catharine G
Smith, Alex
Smith, Dr. Andrew
Smith, Mrs. Emily G
Smith, G. B
Smith, Miss Jane
Somerville, Geo. A., in trust . .
Stanley, Bernard
Stanley, H. E., in trust
Stayner, Mrs. H. R
Stewart, Ida A
Stewart, Rev. Wm., D.D
Stimson, G. A . . .
Stocking, Chas. P . . .
Stuart, Mrs . S. Elizabeth ,
Symons, Miss Eliz. F
Schell, H. P
Swain, Wm. J
Stanley, Mrs . Jennie
Stanley, Aljoe E
Stanley, Albert E
Sidey, J. Henry. . .
Stanley, Mary E
Stanley, Charlotte E
Scott & Walmsley, in trust
Staples, Mrs. Eliza.
Steel, Mrs. Annie E
Stanley, M. Lucretta
Sharpe, Miss Clara L
Smith, Mrs . Mary Ann
Stanley, Uriah M
Smith, D. King, M.D
Smith, R. H. and Ann, trustees
Smedley, Geo. F. & Co
Scott, John
Smith, Henry E., estate late
Stewart, Robt. , estate of late ....
Sewell, Mrs. Winnifred E
Residence.
Toronto .
Montreal ,
Toronto
Georgetown
Toronto
Peterborough
Toronto
Philadelphia, Pa
Newmarket
Toronto
Lucan
St. Mary's.
Port Hope.
Toronto . .
Brantford
Toronto . .
Hamilton
Toronto . .
Sarnia
Toronto . .
Guelph ...
Toronto . .
London.
Lucan . .
Toronto . . .
Woodstock.
Toronto . .
Waubaushene
Listowel
Toronto
New York City .
Collingwood . . .
Lucan
Amount
subscribed
for.
Cobourg
Lucan . . .
Toronto
Strathroy
Eraser viile, Ont. . .
Lucan
San Francisco, Cal .
Toronto
Brantford
Toronto
Owen Sound.
Toronto ...
Hamilttm . . .
1,000
800
11,400
1,400
2,000
240
200
320
200
2,040
200
160
1,000
2,000
G80
G80
400
200
G,000
1,720
43,280
27,320
3,200
4,000
1,320
3,080
1,440
1,600
1,600
880
2,400
800
1,600
4,000
320
400
1,000
2,000
2,000
4,000
1,280
400
800
600
2,000
1,480
1,200
800
2,440
1.560
27,400
320
120
1,440
2,000
10,800
1,600
400
2,200
400
13,600
7,000
1,440
800
Amount
paid
in Cash.
1,000
800
11,400
1,400
2,000
240
200
320
200
2,0i0
200
160
1,000
2,000
680
680
400
120
3,900
1,720
43,280
27,320
3,200
4,000
1,320
3,080
1,440
1,600
1,600
880
2,400
800
1,600
4,000
320
400
1,000
2,000
2,000
4,000
1,280
400
800
600
2,000
1,480
1,200
800
2,440
1,560
20,224
320
120
1,440
2,000
10,800
1,600
400
2,200
400
13,600
7,000
1,440
800
601
DEPARTMENT OF FINANCE— INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
WESTERN ASSURANCE COMPANY— Corw^adgrf.
LIST OF SHARE HOLDERS- Conc^wdcci.
Name.
Stewart, John .
Smart, Mrs. Jane
Scholfield, Mrs. A. L., in trust
Standish, Ira, in trust
Sharpe, Geo., estate of . . .
Sproule, Miss E. J
Semple, Miss J. P
Sinclair, James
Townsend, Mrs . Annie
Talbot, M., estate of , .
Taylor, Miss Amy E. R
Taylor, Miss Anna M
Taylor, Miss Mary L
Taylor, Miss Elizabeth A. H
Thomas, Mrs. Mary M
Thorburn, Miss M
Tidswell, W. O
Tingle, John , .
Todd, Thomas
Toronto General Trust Corporation, executors.
Thomson, Malcolm
Thompson, Robt
Tackaberry, Mrs. Catherine
Thompson, J. B
Thompson, Cassie B
Vidal, Lieut. -Col. B. Henri
Wadsworth, V. B., Mngr \. , „ .
Wedd, W., Jr., Secretary ^^^ ^^"^^^
Waddell, John. ...
Wadmore, Mrs . Annie
Warwick, Mrs. G. E
Watson, Thomas.
Webb, Thomas, estate late
Webster, A. F., in trust
White, Miss Alice ,
Wilkes, Alfred J
Wills, Thomas
Wilson, Chas. S., estate late . .
Winstanley, Mrs. Emily
Wood, Peter "
Wood, Edwin G
Wood, Hon. S. C
Wade, Mrs . Lillie M
Warner, Mrs . Carrie I j
Wadhams, John H
Wood, E. R
Wills, Miss Annie . .
Wills, Miss Susan
Wills, Miss Wilhelmina
Wills, Miss Eliza
Wills, Alexander, estate late
Whitelaw, Mrs. Sarah . .
Wilson, Wm. B
Walker, Mrs . Clara R
Yeats, Jennie V.
Young, Mrs. Margaret
Residence.
Toronto
It
Guelph
Toronto
II . . . .
Springfield on Credit
Toronto
Terra Cotta
Toronto
Hamilton
Toronto
Hamilton
II
Lyster, Que . ,
Toronto .
Hamilton
Wexford ,
Toronto
Montreal
Toronto
St. Mary's
Ottawa — .
Toronto
Orono
Fredericton, N.B
Toronto .
II ,. .
Montreal
Brantf ord
Belleville
Picton
Los Angeles, Cal ...
Brantford
Nashville, Tenn
Toronto
Brighton
Toronto
Hartford, Conn
Toronto .
II . .
Kinnear's Mills, Que
Toronto
Total
Amount
subscribed
for.
880
320
2,000
4,000
7,200
3,120
1,400
520
1,560
200
200
80
200
440
1,880
280
4,000
520
4,000
8,040
5,200
34,280
2,000
600
200
3,000
30,880
1,000
1,040
760
6,000
2,000
840
200
80
5,000
44,000
800
10,600
2,000
4,000
680
680
2,240
10,000
1,240
1,240
1,240
1,240
40
240
3,000
1,440
600
480
Amount
paid
in Cash.
$2,000,000
880
320
2,000
4,000
3,600
2,808
1,260
416
780
200
200
80
200
440
1,880
280
4,000
520
4,000
8,640
5,200
34,280
2,000
600
200
3,000
30,880
1.000
1,040
760
6,000
2,000
840
200
80
5,000
44,000
800
10,000
2,000
4,000
680
680
2,210
10,000
1,240
1,240
1,240
1,240
40
240
2,800
1,296
600
480
L, 970, 733
ASSESSMENT MADE ON COMPANIES
SESSIONAL PAPER No. 8
Statement of Assessment made on Companies as under, for the Year ending 31st March 1902
in accordance with ' The Insurance Act.'
605
Companies.
Taxes.
Companies.
Taxes.
^tna...
$ c.
92 76
280 90
49 98
117 83
4 22
74 79
19 15
169 64
4 11
105 56
116 42
20 79
967 03
63 77
47 02
111 17
17 79
208 57
492 58
25 20
25 20
2 58
8 49
57 33
8 11
58 19
63 91
354 26
43 85
66 09
202 90
4 22
198 90
12 74
187 39
109 12
44 16
548 72
80 00
145 23
145 96
62 56
30 25
191 75
19 53
64 47
51 12
119 00 1
142 93 1
118 60
128 75 I
104 38 1
380 23
4 94
Mercantile
Metropolitan Life
Mutual Life of N.Y .'.'
Mutual Life of Canada
Mutual Reserve Life ....
% c.
44 19
303 25
456 92
482 17
168 63
108 76
37 94
533 14
Alliance
Atlas .
Anglo American
Boiler Inspection
British America
National of Ireland
National Life of Canada
New York Life
British and Foreign Marine
British Empire
New York Plate Glass..
2 49
North American
419 96
Caledonian
North British and Mercantile
248 55
Canada Accident
Northern
154 56
Canada Life
Northern Life
35 78
Canadian Fire.
Norwich Union Fire
164 49
Canadian Railway Accident
Catholic Mutual
Connnercial Travellers
Commercial Union ,
Confederation
Norwich Union Life
Ocean Accident
Ontario Accident
Ottawa Fire
Phenix, of Brooklyn
Phoenix, of London.
0 23
93 33
46 56
61 85
69 83
Connecticut Fire .
281 56
Continental Life
Phcenix Insurance Company
Provident Savings
Quebec
60 07
Crown Life
Dominion Burglary
Dominion Life
54 62
42 92
Queen, of America
196 90
Reliance Mutual Life
Royal........
Royal Victoria . .
1 95
Dominion of Canada Guarantee and
Accident.
394 08
43 54
Employers' Liability
Equitable
Equity Fire
Excelsior Life
Scottish Union
Standard
Star
154 90
332 41
8 85
Subsidiary High Court, A.O.F
Sun Insurance Office
Sun Life
19 51
Federal.
Germania
105 43
589 62
Great West
Travelers
136 20
Union Mutual
91 44
Guardian . .
Hartford .
Home Life ,
Union Assurance Society .
United States Life
Western
Woodmen of the World
Retired Companies.
Connecticut Mutual
143 03
25 37
210 56
Independent Order of Foresters
Insurance Co. of North America
Imperial Fire
Imperial Life
37 95
Lancashire
Law Union and Crown
Liverpool and London and Globe
Lloyds' Plate Glass
12 11
Edinburgh Life
2 05
London Guarantee and Accident ......
London and Lancashire Fiie
Life Association of Scotland
National Life of the United States ....
North Western Mutual Life
13 24
0 48
London and Lancashire Life
5 16
6 93
1 98
Manchester
Manufacturers' Life ...
^larine
Scottish Provident
Total
0 61
13,181 74
2-3 EDWARD VII.
SESSIONAL PAPER No. 8
A. 1903
INDEX
OF COMPANIES' STATEMENTS.
Annual Statements,
i
a
"i
0 "
1
Companies, etc.
i
i
«2i
i3
i
i
0
i
Accident and Guarantee Co. of Canada l*age
5
397
501
^tnaFire
^^tna Life
1^7 1
.... 1 ....
• •■• 1
400
7
151
11
401
' 17
' 408
157
28
"2,h'
Alliance
American Surety Co
Anglo-American. ,
Atlas
9
'is
16
■503
Boiler Inspection
403
■'406
■469
507
British America
20
406
[
1
1
508
Caledonian
26
"so'
Canada Accident
409
158
512
513
Canadian Fire
Canadian Railway Accident
Catholic Mutual Benefit
Commercial Travellers'
' 465
467
170
174
■■{82
185
188
■413
516
519
Commercial Union
33
■■■37
Confederation Life ....
523
Connecticut Fire
Connecticut Mutual
Continental Life
38
183
525
Crown Life ...
533
Dominion Burglary
■418'
■424'
"4i8
■424
416
'422
"197
427
201
537
191
538
Dominion of Canada G'tee & Accident
540
Dominion Plate Glass . .
Edinburgh .••...; • •
Employers' Liability . . .
Equitable . .
....
" 195
"198
203
208
472
387
214
218
541
Equity Fire
Excelsior Life
40
542
546
Federal
548
Foresters, Supreme Court, I.O.F
Foresters, Subs. High Court, A.O.F
Germania
Great West Life
429'
216
■'481
47
50
56
'556'
Guarantee
554
Guardian
43
46
49
52
54
58
60
Hartford
223
■"228'
Home Fire
Home Life Association
556
Imperial Fire
Imperial Life
Insurance Co. of N. A
Lancashire.
564
62
235
66
434
72
246
Life Association of Scotland . ...
233
237
Liverpool and London and Globe
64
Lloyds Plate Glass
433
London and Lancashire Fire ^ .
70
1
"241
London and Lancashire Life
608
DEPARTMENT OF FINANCE— INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
•
Annual Statements.
1
1 '«
111
u
0
1
Companies, etc.
i
1
£
«£
'^
X
i
<
1
S
London Assurance. .
London Guarantee and Accident
74
248
"*436
"436
1
! 76
439
London Life , . .
251
256
566
79
82
'"'84'
■441'
'268"
567
Manchester
568
Marine Insurance Co
440
86
440
Mercantile Fire .
570
570
Metropolitan Life . . .
Mutual Life of Canada
265
270
278
283
291
288
... .
281
286
Mutual Reserve
National Life Assurance Co. of Canada . .
"89'
297
443
571
National, of Ireland
^ ew York Life .
293
New York Plate Glass
442
North American
299
310
575
North British
94
100
98
484
Northern Life ....
307
316
'320"
576
North-Western
318
486
487
447
451
Norwich Union Fire .
102
Ocean Accident and Guarantee
415
Ocean Marine.
450
453
582
Ottawa Fire
104
107
115
110
■"108'
117
112
324
328
■ "125
457
585
Phoenix, of Hartford
Phcpnix, of London
322
326
Provident Savings
Quebec
ii9
123
"587'
456
331
333
336
340
343
Royal
126
489
Royal Victoria Life . ...
588
Scottish Amicable .
342
492
130
352
356
493
■37!
Scottish Union.
128
134
136
'l38
Standard
Star
345
353
"357"
368
373
"458
459
Sun Insurance Office
Sun Life
Travelers
' 593'
Union Life
596
Union Mutual
376
380
495
384
Union Assurance Society ,
United States
Western
■■382"
597
Woodmen of the World
469
2-3 EDWARD VII. SESSIONAL PAPER No. 9
A. 1903
ABSTRACT OF STATEMENTS
OF
INSURANCE COMPANIES IN CANADA
FOR
YEAR ENDED DECEMBER 31
1902
(SUBJECT TO CORRECTION)
PRINTED BY ORDER OF PARLIAMENT
OTTAWA
PRINTED BY S. E. DAWSON, PRINTER TO THE KING'S MOST
EXCELLENT MAJESTY
1903
[No. 9—1903.]
2-3 EDWARD VII. SESSIONAL PAPER No. 9 A. 1903
Office of the Superintendent of Insurance,
Ottawa, March 6, 1903.
Sir, — I have the honour to inclose herewith an Abstract of the business of Insurance
in Canada for the year 1902.
The Abstract has been made from the attested statements returned by the com-
panies, but must be considered as subject to correction. I shall have the honour to
report you at a subsequent date these statements in full, after making the usual
inspection at the head offices.
I have the honour to be, Sir,
Your obedient servant,
W. FITZGERALD,
Superintendent of Insurance.
Hon. W. S. Fielding,
Minister of Finance.
9-li
2-3 EDWARD VII. SESSIONAL PAPER No. 9 A. 1903
TABLE OF OOI^TENTS, 1902.
FIRE AND MARINE.
^ Page.
Abstract of Fire Insurance in Canada for 1902 8
Premiums received for Fire Insurance in Canada for years 1869 to 1902 10
Losses paid for Fire Insurance in Canada for years 1869 to 1902 12
Summary of Fire Insurance in Canada for years 1869 to 1902 14
Abstract of Fire and Marine Insurance done by Canadian Companies which do business outside of the
Dominion, and of Inland Marine and Ocean business done by companies combining these
branches, for 1902 16
Inland Marine Business in Canada for 1902 18
Fire Insuiance done in Canada for 1902 19
Table I. — Assets of Canadian Companies doing business of Fire or Inland Marine Insurance for 1902. 20
Table II. — Liabilities of Canadian Com} 'anies doing Fire or Inland Marine Insurance 21
Table III. — Assets in Canada of British and American Companies doing business of Fire or Inland
i,j i , Marine Insurance in Canada . . 22
Table IV. — Liabilities in Canada of British and American Companies 24
Table V. — Income and Expenditure of Companies doing Fire or Inland Marine Insurance 26
Table VI. — Rates of Losses paid, General Expenses and Stockholders' Dividends per cent of Pre-
miums received, Rates of Premiums charged per cent of Amounts Insured, &c., of Canadian Fire
or Marine Companies 28
Table VII. — Rates of Losses paid and General Expenses in Canada per cent of Premiums received,
and Rates of Premiums charged i^er 'jent of Amounts Insured, for British and American Companies
doing Fire or Inland Marine Insurance in Canada 29
LIFE.
Abstract of Life Insurance in Canada for 1902 32
Abstract of Life Insurance done by Canadian Companies which do business outside of the Dominion,
for 1902 34
Canadian Life Companies, Assets, 1902 36
Canadian Life Companies, Liabilities, &c., 1902 37
Assets in Canada of British Companies, 1902 . . 38
Assets in Canada of American Life Companies, 1902 39
Liabilities. &c., in Canada of British and American Life Companies, 1902 40
Income of Companies doing Life Insurance, 1902 41
Expenditure of Companies doing Life Insurance, 1902 42
Payments to Policy-holders, 1902 43
Life Policies terminated during the year 1902 . . 44
Sun miary of Life Insurance in Canada for the years 1875 to J.902 .. ... . 45
Abstract of Assessment Insurance in Canada for 1902 , . 47
Abstract of Assessment Insurance done by Canadian Companies which do business outside of the
Dominion, for 1902 , 48
Policies terminated among Companies which do Life Insurance upon the Assessment Plan 49
Assessment Companies, Assets 50
Assessment Companies, Liabilities 51
Assessment Companies, Income and Expenditure 52
ACCIDENT, GUARANTEE, ETC.
Assets of Canadian Accident, Guarantee, Plate Glass and Steam Boiler Companies, 1902 53
Liabilities of Canadian Accident, Guarantee, Plate Glass and Steam Boiler Companies, 1902 54
Income and Expenditure of Canadian Companies doing business of Accident, Guarantee, Plate Glass,
&c., for 1902 55
Abstract of Guarantee Business in Canada for 1902 56
Abstract of Accident Insurance in Canada for year 1902 66
Abstract of Burglary Guarantee Business in Canada for 1902.. . ... 56
Abstract of Accident and (Guarantee Business done by Canadian Companies which do business outside
of the Dominion for 1902 57
Abstract of Plate Glass Insurance in Canada for the year 1902 57
Abstract of Steam Boiler Insurance in Canada for the year 1902 . . 57
Abstract of business done by Accident, Guarantee, Plate Glass, Sickness, &c.. Companies which com-
bine more than one class of business 58
List of Insurance Companies licensed to do business in Canada as at 6th March, 1903, showing amount
of deposit with Receiver General 60
I
2-3 EDWARD VII. SESSIONAL PAPER No. 9 A. 1903
A.BSTR^CT
OF STATEMENTS MADE BY COMPANIES LICENSED TO DO BUSINESS
OF FIRE OR INLAND MARINE INSURANCE IN CANADA
FOR THE YEAR 1902, IN ACCORDANCE
WITH THE INSURANCE ACT.
GENERAL TABLES
ASSETS OF ALL COMPANIES, FIRE AND MARINE.
LIABILITIES OF ALL COMPANIES, FIRE AND MARINE.
INCOME AND EXPENDITURE OF ALL COMPANIES, FIRE AND MARINE.
PERCENTAGE OF LOSSES TO PREMIUMS, &c., &c.
DEPARTMENT OF FINANCE— INSURANCE BRANCH
^ 2-3 EDWARD VII., A. 1903
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11
SESSIONAL PAPER No. 9
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2-3 EDWARD VII., A. 1903
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13
SESSIONAL PAPER No. 9
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14
DEPARTMENT OF FINANCE-INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
Summary of Fire Insurance in Canada, for the Years 1869 to 1902, inclusive.
Year.
Canadian Companies.
1869. ,
1870. ,
1871.
1872. ,
1873.
1874. ,
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. .
Totals
British Companies.
1869. . .
1870. . .
1871. . .
1872. . .
1873...
1874. . .
1875. . .
1876. . .
1877. . .
1878. . . ,
1879..
1880.. ,
1881. . . ,
1882. . . ,
1883. . . ,
1884. . .
1885. . ,
1886. ,
1887...
1888. . . .
1889. . . .
1890. . . .
1891. ..
1892. . . .
1893. . . .
1894. . . .
1895. . . .
Net
Cash Premiums
Received.
501,362
536,600
707,418
796,847
842,896
1,453,781
1,646,654
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
2,117,042
40,069,814
Amount of
Policies taken
during
each Year.
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
.S, 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
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
114,543,806
109,206,925
120,158,592
122,965,987
135,145,294
135,943,674
112,566,165
123,785,683
121,562,165
1.30,567,693
114,379,430
107,268,258
111,006,221
130,509,195
'154,851,897
170,894,095
222,780,190
Amount
at Risk at Date
of
Statement.
4,213,678,559
120,747,515
131,570,928
148,147,966
174,361,395
172,531,126
177,346,240
166,953,268
178,725,453
206,713,932
213,127,414
21.3,131,295
227,537,306
271,044,719
321,466,183
350,993,028
354,458,616
337,216,878
.349,109,117
377,090,654
376,540,072
403,297,656
427,9.31,692
411,748,053
466,900,791
458,254,364
435,237,770
436,765,579
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
153,436,408
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
154,231,897
159,927,706
169,792,8.59
190,577,768
221,756,637
255,049,293
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
424,314,264
434,941,955
468,379,580
474,884,419
497,550,395
549,223,123
563,044,318
567,948,304
575,683,1.50
Losses paid.
276,116
453,414
414,339
510,469
487,649
662,470
1,082,206
1,599,048
2,186,162
828,069
687,353
701,639
1,336,758
733,843
760,430
762,737
597,189
739,364
764,321
750,448
678,752
736,095
940,734
792,219
797,149
801,871
807,003
713,566
718,891
587,705
637,101
1,013,087
1,009,899
870,722
27,438,818
579,416
1,024,362
922,400
1,136,167
967,316
1,120,106
1,299,612
1,168,858
5,718,-305
880,571
1,275,540
855,423
1,669,405
1,768,444
1,992,671
2,290,588
1,895,175
2,338,164
2,335,034
2,094,465
1,968,537
2,229,556
2,553,162
2,878,149
3,496,112
3,094,861
3,402,337
A BSTRA CT OF ST A TEMENTS 15
SESSIONAL PAPER No. 9
Summary of Fire Insurance in Canada, for the Years 1869 to 1902, inclusive — Coii.
Year.
Net
Cash Premiums
Received.
Amount of
Policies taken
during
each Year.
Amount
at Risk at Date
of
Statement,
Losses Paid.
British Companies— Con.
1896,
5,006,047
5,165,202
5.223,345
5,652,228
5,846,020
6,595,447
6,946,919
8
459,959,398
470,466,620
481,404,453
524,980,343
540,448,980
542,142,232
556,692,825
$
591,656,008
611,840,429
629,768,638
654,890,000
681,751,373
694,491,228
694,660,815
2,845,994
3,334,667
3,557,122
3,867,212
5,515,231
4,889,192
2,725,648
1897
1898
1899
1900
1901
1902. ...
Totals
117,207,683
11,485,643,861
79,689,802
American Companies.
1869
1870
165,166*
194,781
314,452
332,243
352,255
259,049
264,395
228,955
213,830
211,594
225,512 ■
241,140
267,388
287,815
354,090
307,581
308,180
395,013
429,075
445,990
443,430
514,054
700,809
1,004,812
1,032,602
1,000,328
1,041,966
1,007,948
971,243
1,004,859
1,074,525
1,187,177
1,327,491
1,572,593
9,702,356*
12,893,827
27,367,712*
26,526,334*
26,788,850
25,243,769
17,357,605
23,914,181
21,013,457
19,432,178
22,920,397
25,434,766
30,040,366
32,454,518
40,284,814
40,777,215
37,623,116
42,099,984
45,859,509
44,881,343
46,518,461
57,646,959
75,720,695
107,708,732
105,564,192
96,789,493
100,305,776
94,949,822
85,963,431
88,750,015
100,767,561
108,127,777
108,486,527
120,211,152
13,796,890*
11,167,928*
27,256,629*
33,818,670
40,120,629
25,050,427
19,300,555
18,888,750
18,293.315
35,766;238
40,267,995
27,414,113
31,053,261
34,772,345
41,720,296
44,097,646
46,830,075
50,921,537
56,287,171
56,722,420
57,275,186
67,103,440
84,266,437
123,629,818
124,028,459
117,876,931
118,491,852
112,666,482
102,449,891
105,697,763
112,186,809
120,003,219
122,439,754
133,999,827
172,188
147,061
212,460
263,339
227,219
143,583
181,713
99,389
586,452
114,034
182,305
109,516
163,661
162,699
167,127
191,998
186,923
223,860
304,159
228,909
228,922
300,916
411,801
706,902
759,429
692,631
784,410
613,941
648,275
639,660
677,725
1,245,975
875,865
562,588
1871
1872
1873
1874
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
Totals
19,802,947
1,870,132,890
13,217,635
TOTALS FOR ALL YEARS FROM 1869 TO 1902, INCLUSIVE.
40,069,814
117,207,683
19,802,947
4,213,678,559
11,485,643,801
1,870,132,890
27,438,818
79,689,802
13,217,635
British ..
American m ...
Grand totals
177,080,444
17,569,455,310
120,346,255
These returns are imperfect.
16
DEPARTMENT OF FINANCE-INSURANCE BRANCH
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ABSTRACT OF STATEMENTS
SESSIONAL PAPER No. 9
Fire Insurance Done in Canada in 1902.
19
Canadian Companies.
Anglo- American
British America
Canadian Fire. .
Equity Fire ....
London Mutual.
Mercantile
Ottawa Fire ...
Quebec
Western
Gross
Amount of
Risks
taken during
the Year.
Premiums
charged
thereon.
i
cts,
Totals.
British Companies.
Alliance
Atlas
Caledonian . .....
Commercial Union ....
Guardian
Imperial
Lancashire
Law Union and Crown
Liverpool and London and
Globe ; . . .
London and Lancashire..
London Assurance
Manchester ,
National of Ireland
North British
Northern. . .
Norwich Union
Phoenix of London
Royal
Scottish Union and Na-
tional
Sun Insurance Office ....
Union Assurance
Totals.
American Companies.
.^tnaFire
Connecticut Fire
Hartford Fire
Home Fire .
Insurance Co, of North
America
Phenix, of Brooklyn. .
Phoenix, of Hartford.
Queen, of America . . .
Totals.
Grand totals
24,044,786
40,556,916
11,715,900
12,758,917
30,557,439
6,402,050
25,172,315
7,520,715
64,051,152
222,780,190
17,483,906
20,097,712
21,693,045
35,690,398
34,599,010
9,777,910
None.
5,813,774
35,017, S'
20,737,414
13,611,891
16,702,800
18,804,814
47,113,455
27,108,205
28,929,676
54,356,958
80,131,730
24,414,742
18,449,539
26,157,971
556,692,825
17,088,430
4,040,103
16,199,431
6,803,292
16,343,131
13,016,517
9,178,445
37,541,803
120,211,152
899,684,167
334,873 01
606,427 65
213,334 23
172,295 72
511,405 27
87,105 .57
300,856 65
101,366 10
867,097 95
3,194,762 15
S 55 c
o o
&
193,159 93
319,567 14
297,003 10
512,509 37
524,294 78
150,522 56
None.
87,798 42
477,058 13
302,986 43
165,598 80
234,130 24
311,497 70
635,199 01
403,524 92
455,712 66
873,028 64
,123,057 23
367,536 91
281,175 34
386,680 56
8,102,041 87
239,503 21
65,429 94
246,943 54
103,193 69
225,965 39
202,057 82
166,549 95
588,953 64
1,838,597 08 153
39
50
82
•35
•67
■36
•20
•35
•35
1 43i 145
10
59
37
44
52
54
51
•36
•46
22
40
•66
•35
•49
•58
•61
•40
•51
•52
•48
1-46
1-40
1-62
152
1-52
138
155
181
157
13,135,401101 1-46
Net Cash
Paid
during the
Year
for Losses.
$ cts.
105,205 58
160,071 61
59,542 63
55.075 29
156,867 89
28.076 12
76,798 13
32,797 82
196,286 97
Net Cash
Received
during the
Year for
Premiums.
870,722 04
22,398 57
141,318 01
101,992 42
153,783 52
198,437 98
104,144 68
20,272 58
13,048 36
189,007 10
114,700 36
43,430 28
73,324 08
120,682 78
2.33,387 56
100,803 62
176,083 98
242,672 15
365,377 06
110,597 39
95,029 96
105,155 30
1-41 2,725,647 74
44
1-42
78,115 70
27,090 39
70,821 81
1,793 70
69,748 65
54,699 95
47,177 03
213,140 01
662,587 24
4,158,957 02
$ cts.
224,463 42
414,846 60
162,676 16
127,665 49
333,305 73
79,142 48
201,953 32
91,113 91
481,875 59
3"! w
2,117,042 70
147,380 54
274,796 45
260,581 52
442,168 77
445,607 94
159,006 87
471 26
66,176 75
417,774 22
259,032 82
135,187 10
191,950 18
267,999 98
569,742 51
360,501 47
396,956 61
705,755 50
981,856 46
311,873 96
247,224 61
294,872 41
6,936,917 93
209,001 16
57,310 61
223,801 82
82,276 98
181,619 52
178,035 60
139,791 31
500,754 78
1,572,591 78
10,626,552 41
41 13
52-28
59-81
49-60
41-02
55-82
51 03
6480
73-44
64-27
58-46
39-29
3738
47^27
31-64
218
38-40
30 72
33-75
42-56
38
13
70
44
17
73
06
79
-91
98
13
95
19
07
19
75
06
66
50
15
19
74 -13
35-77
39-14
74-36
59-95
63-91
66-09
66-44
63-29
68 04
65-98
70-20
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20
DEPARTMENT OF FINANCE— INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
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21
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DEPARTMENT OF FINANCE-INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
Table III. — Showing the Assets in Canada of British and American
BRITISH COMPANIES—
Companies.
Alliance.
Atlas
Caledonian
Commercial Union.
Guardian .
Imperial.
Commenced
Business in Canada.
March 1, 1892.
M 7,1887.
February, 1883
September 11, 1863.
May 1, 1869.
1864
Lancashire Jt^ly? 1864 .
Law Union and Crown j April, 1899
Liverpool and London and Globe . . June 4, 1851
London and Lancashire Fire
London Assurance .
Manchester .
National of Ireland .
North British
Northern
Norwich Union
Phoenix of London
Royal.
Scottish Union and National .
Sun Insurance Office .
Union Assurance Society. . . .
Totals ,
April, 1880....
March 1, 1862.
May 20, 1890 .
April 2, 1883.
1862
1867
April 1, 1880.
1804
1851
February, 1882. .
June 3, 1892. . . .
November, 1890.
Real Estate.
Loans
on
Real Estate.
% cts.
377,178 17
None.
None.
None.
258,000 00
None.
None.
196,503 55
250,000 00
None.
None.
None.
None.
80,000 00
None.
None.
None.
465,000 00
None,
25,000 00
None.
1,651,681 72
$ cts.
None.
None.
None.
None.
None.
None.
None.
834,514 12
1,296,150 00
None.
None.
None.
None.
2,165,347 79
None.
None.
None.
None.
423,000 00
None.
None.
4,719,011 91
Stocks, Bonds
and
Debentures.
% cts.
213,809 00
183,668 00
206.400 20
337,128 00
520,866 65
243,674 00
99,488 13
591,257 83
2,021,385 22
245,187 03
170,340 00
176,361 33
171,652 00
2,793,315 84
244,262 00
296,000 00
434,095 48
870.401 15
242,720 00
253,657 75
265,354 50
10,581,024 11
AMERICAN
^tnaFire
Connecticut Fire
1821
1886 . .
None.
None.
None.
None.
None.
None.
None.
None.
None.
None.
None.
None.
None.
None.
None.
None.
145,964 72
100,000 00
167,838 12
135,000 00
144,320 00
108,000 00
Hartford
Home Fire
Insurance Co. of NorthAmerica
Phenix, of Brooklyn
November, 1836 . . .
1902
1889
May 1, 1874
Phoenix, of Hartford
„ 20,1890
211,627 00
307,885 00
Queen, of America
November 2, 1891
Totals
None.
None.
1,320,634 84
A BSTRA CT OF ST A TEMENTS
SESSIONAL PAPER No. 9
Companies doing business of Fire or Inland Marine Insurance in Canada.
ASSETS IN CANADA— 1902.
Loans
on
Collaterals.
Agents'
Balances and
Bills
Receivable.
Cash on
hand and in
Banks.
Interest
Due
and Accrued
Other Assets
Total
Assets in
Canada.
Nature of Business,
$ cts.
$ cts.
$ cts.
$ cts.
$ cts.
$ cts.
None.
None.
20,412 17
25,815 01
18,648 37
33,447 18
None.
None.
851 65
5,250 00
630,899 36
248,180 19
Fire.
None.
2,000 00
18,031 57
37,137 54
61,494 47
28,691 70
None.
None.
6,000 00
6,300 00
291,926 24
411,257 24
None.
None.
68,461 35
6,546 94
42,155 72
7,537 19
2,085 96
None.
250 00
1,252 50
891,819 68
259,010 63
None.
None.
6,449 35
None.
None.
None.
979 57
33,831 81
22,774 04
13,646 87
269 88
78,010 91
97,547 81
18,176 91
4,517 64
None.
30,436 90
18,726 51
None.
None.
None.
3,462 87
2,500 00
850 00
None.
99,758 01
1,735,165 75
3,726,590 70
286,987 98
188,504 51
.1 and Life.
.1 and Life.
None.
16,249 42
16,107 61
None.
3,500 00
212,218 36
None.
87,600 00
None.
None.
25,031 99
48,520 81
27,007 35
28,302 50
12,816 78
84,549 52
12,119 33
84,340 82
917 74
62,703 92
None.
None.
5,250 00
2,500 00
6,500 00
5,000 00
215,668 51
5,324,537 88
289,888 68
413,643 32
.. and Life.
None.
17,072 67
13,394 94
4,308 40
None.
468,871 49
31,851 97
60,048 94
60,638 73
None.
15,382 73
1,503,323 52
M and Life.
None.
None.
None.
18,424 29
24,944 98
22,696 02
70,557 68
31,932 32
45,745 93
1,932 08
None.
844 67
None.
6,328 74
4,013 54
756,634 05
341,863 79
3.S8,654 66
127,901 32
535,935 84
822,701 44
121,956 18
75,192 03
18,635,404 55
COMPA.NIES.
None.
None.
None.
12,279 86
5,863 45
16,255 51
29,027 64
None.
32,425 88
None.
None.
None.
None.
None.
None.
187,272 22
105,863 45
216,519 51
Fire and Inland Marine.
None.
None.
12,028 91
None.
None.
64,225 11
None.
None.
None.
None.
147,028 91
208,645 11
M and Inland Marine.
None.
None.
None.
8,365 41
12,119 25
21,865 51
None.
5,635 07
19,255 47
None.
2,224 16
11,668 12
None.
5,967 99
None.
116,365 41
237,573 47
360,674 10
None.
88,777 90
150,561) 17
13,892 28
5,967 99
1,579,842 18
24
DEPARTMENT OF FINANCE^ INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
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26 DEPARTMENT OF FINANCE—INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
Table Y. — Showing the Cash Income and Expenditure of Canadian Companies
Canada of British and American
CANADIAN COMPANIES-INCOME
INCOME (cash).
Companies.
Anglo-American . .
British America . . .
Canadian Fire
Equity Fire
London Mutual . . .
Mercantile Fire . . .
Ottawa Fire
Quebec
Western
Totalb
Net Cash
for
Premiums.
% cts.
224,463 42
2,105,024 97
173,594 42
127,665 49
333,305 73
79,142 48
201,953 32
91,481 49
3,438,912 42
Interest
and
Dividends
on
Stocks, &c.
$ cts.
5,029 69
31,877 43
8,878 80
2,934 02
5,194 72
7,633 39
4,447 21
5,530 57
83,533 97
6,775,543 74
155,059 80
Sundry.
$ cts.
None.
3,611 24
None.
None.
683 87
None.
None.
3,248 63
None.
Total
Cash Income.
7,543 74
% cts.
229,493 11
2,140,513 64
182,473 22
130,599 51
339,184 32
86,775 87
206,400 53
100,260 69
3,522,446 39
6,938,147 28
Received
on
Account of
Capital Stock
not
included in
Income.
$ cts.
6,620 00
None.
15,110 00
None.
None.
None.
None.
25,000 00
30,363 00
■7,093 00
BRITISH
Alliance
Atlas
Caledonian
Commercial Union
Guardian
Imperial
Lancashire
Law Union and Crown
Liverpool and London and Globe
London and Lancashire
London Assurancot
Manchester
National, of Ireland
North British..
Northern
Norwich Union.. ...
Phoenix, of London
Royal
Scottish Union and National. . . .
Sun Insurance Office
Union Assurance , .
Totals
147,380 54
284,796 45
260,581 52
442,168 77
44.5,607 94
159,006 87
471 26
66,176 75
417,774 22
259,032 82
135,187 10
191,950 18
267,999 98
569,742 51
360,501 47
396,956 61
705,755 50
981,856 46
311,873 96
247,224 61
294,872 41
6,946,917 93
6,414 27
4,964 20
9,316 57
12,286 52
17,765 45
8,451 53
3,674 10
67,839 34
80,834 18
7,632 18
6,680 00
6,565 71
6,993 34
200,032 80
12,475 70
8,589 97
14,647 59
30,074 29
29,735 98
585 95
8,465 36
544,025 03
37 32
None.
None.
None.
None.
7,553 94
199 61
6,551 26
2,945 57
None.
None.
None.
None.
411 38
None.
308 47
None.
9,687 98
None.
207 22
None.
27,902 75
153,832 13
289,760 65
269,898 09
454,455 29
463,373 39
175,012 34
4,344 97
140,567 35
501,553 97
266,665 00
141,867 10
198,515 89
274,993 32
770,186 69
372,977 17
405,855 05
720,403 09
1,021,618 73
341,609 94
248,017 78
303,337 77
7,518,845 71
AMERICAN
^tna Fire
219,205 34
57,310 61
223,801 82
82,276 98
183,361 42
178,035 60
139,791 31
500,754 78
7,011 60
4,000 00
10,146 18
3,000 00
5,240 00
4,000 00
8,984 15
10,628 37
None.
None.
None.
None.
None.
None.
None.
43 75
226,216 94
61,310 61
233,948 00
85,276 98
188,601 42
182,035 60
148,775 46
511,426 90
Connecticut Fire
Hartford Fire
Home Fire ... .
Insurance Co. of North America .
Phenix, of Brooklyn
Phcenix, of Hartford
Queen, of America
Totals
1,584,537 86
53,010 30
43 75
1,637,591 91
ABSTRACT OF STATEMENTS
27
SESSIONAL PAPER No. 9
doing Fire and Inland Marine Insurance, and the Cash Income and Expenditure in
Companies in those Branches.
AND EXPENDITURE, 1902.
EXPENDITURE (cASH),
Paid
for Losses.
General
Expenses.
Dividends
or
Bonus to
Stock-
Total
Cash Expen-
diture.
e Excess
of Premiums
over
Losses paid.
e Excess
of Income
over
Expenditure.
Nature
of
Business.
holders.
dThe Reverse.
dThe Reverse.
S cts.
$ cts.
$ cts.
$ cts.
$ cts.
$ cts.
105,205 58
72,778 21
5,883 50
183,867 29
e 119,257 84
e 45,625 82
Fire.
1,266,055 08
749,205 96
59,859 00
2,075,120 04
e 838,969 89
e 65,393 60
Fire, Inland and
Ocean.
61,158 15
45,342 64
25,284 08
131.784 87
e 112,436 27
e 50,688 35 Fire.
55,075 29
48,145 98
3,000 00
106,221 27
e 72,590 20
e 24,378 24
„
156,867 89
100,552 23
None.
257,420 12 \e 176,437 84 \e 81,764 20
„
28,076 12
20,610 89
None.
48,687 01
c 51,066 36 \e 38,088 86
II
76,798 13
75,490 19
2,899 37
155,187 69
e 125,155 19
e 51,212 84
II
48,138 22
31,389 97
674 65
80,202 84
e 43,343 27
e 20,057 85
II
2,189,739 79
1,128,978 45
117,854 47
.3,436,572 71
e 1,249,172 63
e 85,873 68 iFire, Inland and
1 n
3,987,114 25
2,272,494 52
215,455 07
6,475,063 84
c 2,788,429 49
e 463,083 44
COMPANIES.
22,398 57
141,318 01
101,992 42
153,783 52
198,437 98
104,144 68
20,272 58
13,048 .36
189,007 10
114,700 36
43,430 28
73,324 08
120,682 78
233,387 56
100,803 62
176,083 98
242,672 15
365,377 06
110,597 39
95,029 96
105,155 30
2,725,647 74
50,264 27
76,320 76
72,506 28
119,785 13
136,317 87
46,355 73
1,979 92
23,063 36
122,247 75
74,497 58
41,274 57
66,346 70
75.210 24
145,732 97
94,790 23
122,204 28
190,561 17
268,142 91
84,246 59
73.211 32
87,325 91
1,972,385 54
72,662
217,638
174,498
273,568
334,755
150,500
22,252
36,111
311,254
189,197
84,704
139,670
195,893
379,120
195,593
298,288
433,233
633,519
194,843
168,241
192,481
84
77
70
65
85
41 \e
50
72
85
94
85
78
02
53
85
26
32
97
98
28
21
4,698,033 28
124,981
143,478
158,589
288,385
247,169
54,862
19,801
53,128
228,767
144,332
91,756
118,626
147,317
336,. 354
259,697
220,872
463,083
616,479
201,276
152,194
189,717
81,169
72,121
95,399
180,886
128,617
24,511
17,907
104,455
190,299
77,467
57,162
58,845
79,100
391,066
177,383
107,566
287,169
388,098
146,765
79,776
110,856
Fire.
c 4,221,270 19 \e 2,820,812 43
COMPANIES.
80,935 50
27,090 39
70,821 81
1,793 70
69,805 26
54,699 95
47,177 03
213,140 01
565,463 65
53,621 88
13,816 81
57,128 36
25,751 68
58,399 42
43,198 68
43,342 69
139,337 67
434,597 19
134,557 38
40,907 20
127,950 17
27,545 38
128,204 68
97,898 63
90,519 72
352,477 68
1,000,060 84
138,269 84
30.220 22
152,980 01
80,483 28
113,556 16
e 123,335 65
c 92,614 28
e 287,614 77
e 1,019,074 21
91,659 56 [Fire, and Inland
I Marine.
20,403 41 iFire.
105,997 83 I .1
57,731 60
60,396 74
84,136 97
58,255 74
158,949 22
e 637,531 07
Fire, and
Marine.
Fire.
Inland
DEPARTMENT OF FINANCE-INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
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ABSTRACT OF STATEMENTS
OF
LIFE, ACCIDENT, GUARANTEE, PLATE GLASS
AND
OTHER INSURANCE COMPANIES
IN
CANADA
FOR THE YEAR 190Q
32
DEPARTMENT OF FINANCE— INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
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DEPARTMENT OF FINANCE- INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
Unsettled Claims.
'T3
1
^ §§
a;
§
.1
^1
118,191
10,000
128,191
'2
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Ph
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1,331,465
92,603
QO 1
1 !
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Net
Amount
of Policies
become
Claims.
1,271,899
89,803
1,361,702
Number
of
Policies
become
Claims.
1^
Net
Amount in
Force
at date.
73,764,670
14,340,202
O
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Number
of
Policies
in
Force at
date.
rH O
^ 1
Amount
of Policies
New
and Taken
up.
TjTcc
S-
Number
of
Policies
New
and Taken
up.
2,456
1,647
1
Premiums
for
Year.
2,113,449
501,723
i
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1— II— 1
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SESSIONAL PAPER No. 9
ABSTRACT OF STATEMENTS
35
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40
DEPARTMENT OF FIN ANGE-INSUHANCE BRANCH
2-3 EDWARD VII., A. 1903
Table showing the Liabilities in Canada of British and American Companies, doing
business of Life Insurance in Canada for the Year 1902.
LIABILITIES IN CANADA, 1902.
British Companies.
British Empire
Commer^-'ial Union
Edinburgh Life
Life Association of Scotland. .
Liverpool & London & Globe
London and Lancashire
London xAssu ranee . .
North British
Norwich Union Life.
Reliance Mutual . .
Royal
Scottish Amicable.
Scottish Provident
Standard
Star
Totals
Avierican Companies.
Mtxid, Life
Connecticut Mutual.
Equitable
Germania ...
Metropolitan ,
Mutual Li f e, of New York
Mutual Reserve Life
National Life.. .
New York Life.
North-western .
Phoenix Mutual .
Provident Savings.
Travelers
Union Mutual .
United States .
Unsettled
Claims.
% cts.
17,758 25
None.
15,347 77
17,007 59 i
None. I
11,720 00
None.
1,.581 33
None.
None.
25,009 23
None.
None.
58,501
None.
60
147,525 77
Totals .
17,879 00
None.
26,614 70
None.
17,758 00
37,761 20
51,686 04
405 00!
17,621 05
None.
None.
5,000 00
8,746 50
5,790 48
13,070 00
202,331 97
_ Net
Reinsurance
Reserve.
Sundry.
$ cts.
1,795,000 00
240,000 00
92,496 00
887,485 40
100,000 00
2,400,000 00
15,689 00
522,144 00
1,000 00
85,000 00
397,003 71
138,787 60
81,635 90
6,600,000 00
179,981 00
13,536,222 61
5,274,580 00
773,653 00
5,648,782 00
118,540 00
1,321,317 GO
6,072,376 0(1
145,369 95
54,562 00
6,458,005 00
127,085 00
275,000 00
. 234,727 00
1,679,370 00
1,103,341 00
240,217 00
29,526,924 95
$ cts.
3,648 67
None.
31 43
None.
None.
5,393 40
None.
25 00
None.
None.
None.
None.
None.
None.
None.
9,098 50
Total
Liabilities,
including
Reserve.
$ cts.
1,816,406 92
240,000 00
107,875 20
905,092 99
100,000 00
2,417,113 40
15,689 00
523,750 33
1,000 00
85.000 00 e
422,012 94 . .
138,787 60 e
e Excess
of Assets over
Liabilities.
d The Reverse.
$ cts.
235,532 66
516,713 34
73,407 94
545,357 47
610, 795 56
7,165 80
None.
33,323 61
426 00
14,063 85
27,534 42
None. I
None.
49,948 22 1
■None. j
None. !
747 44 j
120,605 00 i
5,893 28
75 00
259,782 62
81,635 90
6,658,501 60
179,981 00
13,692,846 88
5,299,624 80
773,653 00
5.708.720 31
118,966 00
1,353,138 85
6,137,671 62
197,055 99
54,967 00
6,525,574 27
127,085 00
275,000 00
240,474 44
1.808.721 50
1,115,024 76
253,362 00
29,989,039 54
72,364 78
50,120 00
"26/J30 76
1,893,497 34
8,315,470 66
707,036 40
e 10,895,059 70
539,106 73
662,153 00
3,119,226 09
10,647 61
29,620 94
267,712 48
204,311 02
55,131 66
1,783 32
44,252 65
139,559 63
10,704 81
102,512 32
126,000 63
23,882 48
2,138,698 87
A BSTRA GT OF ST A TEMENTS
SESSIONAL PAPER No. 9
PAYMENTS TO POLICY-HOLDERS, 1902.
41
Companies.
Canadian Companies.
Oanada Life
Confederation
■Continental
Crown Life ..... ...
Dominion Life
Excelsior
Federal
Oreat West
Home Life ...
Imperial Life
London Life
Manufacturers' Life . . .
Mutual Life of Canada
National Life
North American . .
Northern Life
Royal Victoria
Subsidiary High Court
of Ancient Order of
Foresters
Sun Life of Canada . . .
Union Life
Totals
British Companies.
British Empire .
Commercial Union. . . .
Edinburgh Life
Life Association of
Scotland
Liverpool and London
and Globe
London and Lancashire
London Assurance
North British
Norwich Union Life . .
Reliance Mutual ....
Royal
Scottish Amicable
Scottish Provident . . .
Standard
Star
Totals
A.raerican Companies.
^tna Life
Connecticut Mutual . . .
Equitable
Gennania
Metroix)litan
Mutujil Life of N.York
Mutual Reserve. .. .
National Life
New York Life
North-western
Phcenix Mutual
Provident Savings
Travelers
Union Mutual
United States
Totals
Death
Claims.
Matured
En-
dowments
,179,370
295,422
7,329
2,000
27,750
26,025
114,656
56,125
31,614
40,652
62,939
174,9(55
242,049
22,269
193,857
12,616
17,000
;ts. § cts.
151 244,697 90
Paid to
An-
nuitants.
12,242 00
577,982 30
2,000 56
3,098,869 51
198,897 00
None.
None.
6,030 00
7,000 00
31,.S85 05
1.5,749 00
None.
300 00
5,960 00
71,480 00
112,747 00
None.
46,350 00
None.
None.
None.
177,310 43
None.
% cts.
18,852 80
17,045 78
None.
None.
4(i9 48
8,105 93
3,053 15
2,817 99
None.
7,242 ,'^0
None.
1,985 55
9,484 30
None.
9,407 44
None.
3,848 28
None.
52,294 47
None.
Paid
for Sur-
rendered
Policies.
S cts.
96,762 71 i
48,014 291
194 24;
None.
492 631
4,298 25
20,102 28|
8,466 35|
6,961 59 i
3,841 41
1,370 84
39,276 21
41,225 39
145 00
61,448 64 1
310 51
618 34
Dividends
paid
Policy-
holders.
$ cts.
65,694 33
73,784 24
None.
None.
1,071 50
1,023 41
32,214 74
2,533 10
None.
None.
5,049 41
28,849 67
77,843 79
None.
63,449 29
None.
None.
Total
paid to
Policy-
holders.
1 Net
I Premium
I Income
I (including
I consider-
ation for An-
nuities).
cts. j
$ cts.
566 06 None,
153,338 391 103,550 43
34 80| None.
917,906 381134,607 53 487,467 93 455,063 91
88,407 64 40,933 83j 4,412 30
6,329 80 None. I None.
14,472 25; None, i None.
14,668 10
722 10
374 11
74,949 061 4,866 67i None. 11,939 09
3,194 10
88,379 17
None.
37,711 32
None.
1,.546 .50
21,305 05
788 40
2,973 53
241,792 87
37,194 14
619,043 83
276,705
50,508
304,351
3, ,576
155,434
271,914
196,666
3,000
286.5(;4
1C;729
23,865
51,6.50
75,945
85,373
37,500
None.
41,190 41 1
None. I
None. I
None. I
562 00
500 00 1
None.
None. 'I
96,401 25
None.
465 36
None.
None.
973 81
Xone.
53 90
379 09
None.
None.
9,749 85
115 92
184,454 16 16,150 23
416,826 00
5.552 00
60,383 35
1,500 00
72 j 5,7.^9 92
70| 131,763 60|
26 4,075 00|
None, i
159 IK) 4 63
None.
2,r>28 00
None.
2^1 59 .59
44,264 45
3,000 00
None.
None.
5,824 46
None.
272 71
20,098 86
2,667 51
None.
12,570 95
None.
None.
None.
2,330 96
None.
20 00
120 25
9,917 79
None.
1,085 00
None.
1,141 32
1,419 75
4,167 08
None.
28,417 51
291 34
74,263 47
3,906 86
6,125 00
95,404 68
856 16
7,779 13
117,412 20
32,558 94
None.
115,230 36
3,289 87
2,113 00
5,155 69
10,035 57
3,179 75
4,750 89,
1,166 38
119 09
None.
1,605,377
633,163
7,523
2.000
35,813
46,453
201,411
85,6r2
38,576
52,035
75,319
316,556
483,350
22,414
374,513
12,927
21,466
89: 2,615,171 81
62
12.808 06
,064,476 02
2,035 36
5,093,915 26
149,588 25
7,170 99
14,846 3(
3,711 98 95,466 80
None.
5^475 35
None.
1,063 79
None.
None.
None.
None.
None.
None.
None,
1,139,054 38
78,208 13
38,027 69
142, .559 16
210,554 65
471,452 53
514,920 14
101,034 08
409,277 13
291,902 66
1,054,815 72
1,112,953 41
110,020 74
1,049,652 74
99,490 41
122,634 52
15,740 90
2,933,546 01
13,129 43
12.524,146 24
11,536 59
3,779 71
144,962 72
None.
40,833 92
None.
3,303 72
23,603 89
4,955 48!
2,973 531
376,361 511
37,601 40i
227,822 95
16,529 43
3,745 63
24,906 24
4,739 56
313,472 41
1,108 44
18,496 0()
482 55
3,458 76
18,287 02
4,006 72
1,198 11
760,043 91
16,974 69
905,448 28 1,415,272 48
65,418 57
11,930 89
73,459 90;
26 60
.5,477 03
16,450 42
420 94
None.
102,101 59
2,847 631
2,698 74
722 251
None.
6,149 56
1,832 00
762,856 88
74,115 89
539,423 82
5,959 32
174,703 51
557,639 78
236,388 65
3,000 00
(576,372 34
22,866 50
31,304 74
57,527 94
116,471 28
138,966 84
47,102 89
1,839,784 17' 863,796 54 43,785 45 407,798 10, 289,536 12 3,444,700 38
587,573 11
26,166 54
757,962 41
8,527 40
889,651 52
1,052,570 04
3()6,244 84
956 03
1,283,481 27
!),990 52
15,098 89
135,004 54
237,019 73
198,519 27
59,759 02
5,628,525 13
42
DEPARTMENT OF FINANCE- INSURANCE BBANCH
2-3 EDWARD VII., A 1903
Table showing the Cash Expenditure of Canadian Companies doing Life Insurance, and
Cash Expenditure in Canada of British and American Companies in that Branch.
' EXPENDITURE (CASH), 1902.
Canadian Companies
Canada Life
Confederation
Continental
Crown Life
Dominion Life
Excelsior
Federal
Great West
Home Life
Imperial Life
London Life
Manufacturers' Life
Mutual Life of Canada
National Life of Canada . .
North American
Northern Life
Royal Victoria.
Subsidiary High Court of
Ancient Order of Foresters.
Sun Life of Canada
Union Life
Totals
British Companies.
British Empire
Commercial Union
Edinburgh Life
Life Association of Scotland .
Liverpool & London & Globe.
London and Lancashire . ...
JiOndon Assurance
North British
Norwich Union Life
Reliance Mutual
Royal
Scottish Amicable
Scottish Provident
Standard
Star
Totals
American Companies.
JEtna, Life
Connecticut Mutual
Equitable . .
Germania
Metropolitan
Mutual Life of New York . . .
Mutual Reserve
National Life
New York Life
North-western
Phoenix Mutual
Provident Savings
Travelers
Union Mutual ...
United States ... ,
Totals
Payments
to
Policy-holders
General ^Mvidc^nds
Expenses, j stockholders
$ cts.
1,605,377 89
633,163 33
7,523 26
2,000 00
35,813 61
46,4?i3 34
201,411 68
85,692 22
38,576 47 |
52,035 87
75,319 97
316,5.-6 63 I
483,350 23 '
22,414 52 '
374,513 14 i
12,927 04 I
21,466 62 j
12,808 06 i
1,064,476 02 ,
2,035 36
$ cts.
697,609 21
269,175 32
58, .574 11
53, .375 43
44,346 26
59,392 22
147,664 60
1.59,630 48
78,819 94
142,400 27
118,273 99
300,270 08
248,956 13 '
60,983 30
310,8.51 33
54,582 47
68,263 81 !
2,058 79 I
808,148 97 I
71,915 95 I
Total
Expenditure.
e Excess
of Income over
Expenditure.
dThe Reverse.
$ cts,
76,722 96
15,000 00 !
None. I
None.
7,000 00
3,264 40
10,276 13
8,000 00
None .
20,250 00
4,0(10 00
24,000 00
None .
None.
6,000 00
None.
None .
15,750 00
None .
5,093,915 26 I 3,755,292 66
149,588 25
7,170 99
14,846 36
95,466 80
3,779 71
144,962 72
None .
40,833 92
None .
3,303 72
23,603 89
4,955 48
2,973 53
376,361 51
37,601 40
905,448 28
762,856 88
74,115 89
539,423 82
5,959 .32
174,703 51
557,639 78
236,388 65
3,000 00
676,372 34 I
22,866 50 '
31,304 74
57,527 94
116,471 28
138,966 84
47,102 89
157,
4,
247 12
671 86
486 19
487 22
206 06
412 78
2 81
014 06
33 03
156 70
549 28
127 81
222 20
452 63,
182 94
190,263 49
$ cts.
2,379,710 06
917,338 65
66,097 37
55,375 43
87,159 87
109,109 96
359,352 41
253,322 70
117,396 41
214,686 14
197,593 96
640,826 71
732,306 36
83, .397 82
691,364 47
67,509 51
89,730 43
14,866 85
1,888,374 99
73,9.51 31
9,039,471 41
3,444,700 38
278,252 69
76,133 24
178 86
103,057 33
54 37
404,91)9 38
181,686 35
33,201 16
61 15
257,027 48
5 16
None.
36,882 14
68,529 95
50, 4' 15 68
16,153 39
1,228,435 64
184,
8,
15,
96,
3,
213,
44,
3,
28,
5,
3,
533,
41,
835
842
332
954
985
375
2
847
33
460
153
083
195
814
784
$ cts.
c 1,334,429 82
c 600,476 52
e 36,024 iO
d 10,<>99 10
e 84,920 91
e 12.5,777 72
e 183,397 98
e 341,953 53
d .5,877 34
c 275,769 15
e 157,509 15
e 600,063 12
c 65^,791 89
e 32,159 12
t 579,475 74
e 42,513 04
f 43.820 38
e 2, .559 72
e 1,672,970 24
c 11,060 68
e 6,767,096 67
120,271
1,183,700 97 e 1,276,730 98
838,990 12
74,294 75
642,481 15
6,013 69
579,672 89
739,326 13
269,589 81
3,061 15
933,-399 82
22,871 66
31,304 74
94,410 08
ia5,001 23
189,462 52
63,256 28
,673,136 02
ABSTRACT OF STATEMENTS
4S
SESSIONAL PAPER No. 9
Table showing the Cash Income of Canadian Companies doing Life Insurance and the
Cash Income in Canada of British and American Companies in that Branch.
INCOME (CASH), 1902.
Canadian Covipanies.
Canada Life
Confederation
Continental
Crown Life
Dominion Life
Excelsior . . .
Federal
Great West ... .
Home Life .'
Inipe ial Life
London Life . .
Manufacturers Life
Mutual Life of Canada. . . .
National Life
North American
Northern Life
Royal Victoria
Subsidiary High Court of
Ancient Order of Foresters
Sun Life of Canada
Union I^ife
Net
Premium
Income.
I Interest
Consideration j and
for Dividends
Annuities. \ on
! Stocks, &c.
^ cts.
2,549,787 43
•1,119,»83 88
78,208 13
38,027 69
142,559 16
160,090 31
464, 9o2 53
485,628 14
101,034 08
407.209 48
2i)l,902 06
1,045,498 72
1,111,897 41
110,020 74
1,0.30,866 09
99,490 41
112,634 52
15,740 90
2,700,633 36
13,129 43
$ cts.
65,384 .38
19,370 50
None.
None.
None.
,50,464 34
6,500 00
29,292 00
None.
2,067 65
None.
9,317 00
1,056 00
None.
18,786 65
None.
10,000 00
None.
232,912 65
None.
Totals
British Companies.
British Empire
Commercial Union
Edinburgh Life
Lite Association of Scotland .
Liverpool & London & Globe.
London and Lancashire
London Assurance
North British
Norwich Union Life
Reliance Mutual
Royal
Scottish Amicable
Scottish Provident
Standard
Star
Totals.
227,593 95 !
16,529 43
3,745 63
24,906 24
4,739 .56
31.3,472 41
1,108 44
18,496 06
482 55
3,458 76
18,287 02
4,006 72
1,198 11
740,020 14
16,974 69
1,395,019 71
American Companies.
Mtnn Life
Connecticut Mutual
Equitable.
Gennania
Metropolitan
Mutual Life of New York.
Mutual Reserve
National Life of Canada. . .
New York Life
North-western
Phoenix Mutual . .
Provident Savings
Travelers
Union Mutual
United States
Totals.
587,573 11
26,166 54
736,735 66
8,527 40
888,429 52
1,037,004 31
36(5,244 84
95() 03
1,246,672 11
9,990 52
15,098 89
13,5,004 54
237,019 73
198,519 27
.59,759 02
12,078,965 07 445,151 17
$ cts.
1,045,799 81
.328,802 90
5,435 87
2,376 14
29, .518 62
23,423 32
71,206 64
79,280 09
4,189 85
71,952 01
6.3,200 45
186,074 11
272, .326 85
5,536 20
202,375 46
10,532 14
10,916 29
1,685 67
556,045 42
1,640 56
Sundry,
Total.
§ cts. !
I
53,168 26 I
49,957 89
18,477 77
4,272 50
3 00
909 71
91 22
1,076 00
6,295 14
9,226 15
None.
None.
5,817 99
None.
18,812 01
None.
None.
None.
71,753 80
70,242 00
$ cts.
2, 972, .318 40
229 00
None.
None,
None.
None.
None.
None.
None.
None.
None.
None.
None.
None.
20,0i3 77
None.
72,599 94
25,731 24
1,455 75
10,390 98
None.
113,484 96
None.
None.
None.
None.
2,620 05
713 70
80,840 14
671,537 00
35.117 27
310,103 44
20,252 77 ! 1,014,491 03
4,684 00
880 98
None.
None.
None.
7,745 03
None.
None.
None.
None.
None.
None.
None.
11,533 43
5,825 00
30,668 44
3,714,
1.517,
102,
44,
172,
234,
542,
595,
111,
4!)0,
355,
1,240,
1,391,
115,
1,270,
110,
133,
139 88
815 17
121 77
<576 33
080 78
887 68
750 39
276 23
519 07
455 29
103 11
889 83
098 25
556 94
840 21
022 55
550 81
17,426 57
3,561,345 23
8.5,011 99
15,806,508 08
305,106 89
43,141 65
5,201 38
35,297 22
4,739 56
434,702 40
1,108 44
18,496 06
482 55
3,458 76
20,907 07
4,720 42
82,038 25
1,443,114 34
.57,916 96
2,460,431 95
None.
None.
21,226 75
None.
1,222 00
15,5(35 73
None.
None.
3(5,809 16
None.
None.
None.
None.
None.
None.
.5,553,701 49 | 74,823 (>4
188,3.36 6()
4,750 00
305,733 96
5,000 00
42,216 12
201,107 57
11,7(54 04
None.
247,795 10
None.
5,307 89
8,031 6;^
79,610 70
37,209 93
4,705 23
1,141,568 89
2,962 00
None.
None.
248 17
2, ,525 13
None.
None.
None.
8,838 99
None.
None.
2 19
None.
None.
None.
14,576 48
778,871 77
.30,916 54
1,0(5,3,(59(5 37
13,775 57
934,392 77
1,253,677 61
378,008 88
956 03
1,540,115 36
9,990 52
20,406 78
143,038 42
316,(530 43
235,729 20
64,4(54 25
6,784,670 .50
44 DEPARTMENT OF FINANCES-INSURANCE BRANCH
2-3 EDWARD VII., A. 1903-
Amount of Life Insurance terminated in Canada in Natural Course or by Surrender
and Lapse during the Year 1902.
Death.
Amount Terminated by
antEx'^^y. S--"-
Caimdian Companies.
Canada Life
Confederation
Continental
Crown Life ....
Dominion Life
Excelsior
Federal .
Great West ...
Home Life
Imperial Life
London Life
Manufacturers' Life
Mutual Life of Canada
National Life of Canada. . .
North American
Northern Life
Royal Victoria
Subsidiary High Court of Ancient Order j
of Foresters \
Sun Life of Canada i
Union Life i
Totals for 1902
1901
Increase (i) ; decrease (d)
British Companies.
British Empire
Commercial Union
Edinburgh Life
Life Association of Scotland
Liverpool and London and Globe
London and Lancashire
London Assurance.
North British
Norwich LTnion Life '.
Reliance Mutual ...
Royal . . .
Scottish Amicable
Scottish Provident
Standard
Star
Totals for 1902.
1901. .
Increase (i) ; decrease (d). .
American Companies.
^tna Life
Connecticut Mutual
Equitable .
Germania
Metropolitan . .
Mutual Life of New York. . . .
Mutual Reserve
National Life
New York Life
North-western
Phoenix Mutual
Provident Savings
Travelers
Union Mutual
United States
(d) 299,302
1,032,138
306,1.33
293,418
377,237
5,479
None.
2,000
None,
27,540
46,330
28,9d8
14,000
127,805
100,500
54,826
21,149
28,750
None.
36,031
7,5.32
71 877
10,960
147,003
90,940
209,696
150,622
17,500
6,900
180,900
49,.-.!t0
12,700
6,000
11,500
1,000
10,017
None.
295.513
174,061
5,025
None.
2,i:98,686
1,362,954
2,898,048
1,225,200
(i) 137,754
91,674
6,330
29,820
58,643
1,618
115,337
None.
33,042
None.
1,547
26,678
788
2,974
234,571
46,927
649,949
700,840
Totals for 1902.
1901 .
Increase (i) ; decrease (d)
(d) 50,891
272,771
50,508
289.552
3,577
155,4.35
283,276
152,087
3,1.38
288,203
16,729
23,865
55,650
113.741
84,956
39,570
1,833,058
1,783,786
(i) A%2:i2
46,415
None.
None.
None.
None.
48,260
None.
None.
None.
562
19,550
None.
None.
93,039
3,000
210,826
238,423
(d) 27,597
468,558
229,2.38
9,000
None.
30,571
.39,099
109,015
19.3,260
6,500
109,614
33,607
222,932
182,000
3,000
396,270
5,000
5,000
4,069
503,830
1,800
2,552,372
2,532,601
(i) 19,771
128,128
2, .504
557
13,205
120
76,964
None.
3,400
None.
2,698
2,540
8,377
None.
142,628
974
382,095
441,240
Lapse.
1,001.0(58
590,906
577,665
74,000
325,480
460,617
1,324,961
979,500
486,478
644,259
1,080,569
1,381,019
1,046,918
.C 21, (542
1,747,875
614,610
354,000
74,333
1,354,556
496,891
Total
Surrender
ar d Lapse.
1,469,626
820,144
586,665
74,000
356,051
499,71()
1,433,976
1,172,760
492,978
753,873
1,114,176
1,603,951
1,228,918
524,642
2,144,145
619,610
359,000
78,402
1,858,.395
498,691
15,137,347 I 17,689,719
14,170,164 I 16,702,765
(i) 967,183 \(i) 986,954
90,177
None.
None.
3,407
None.
401,305
None.
4,106
None.
None.
None.
19,467
None.
561,511
19,000
1,098,973
1,-527,997
218,305
2,504
557
16,612
120
478,269
None.
7,50(5
None.
2,698
2,540
27,844
None.
704,139
19,974
1,481,068
1,9(59,237
(d) 59,145 (d) 429,024 \(d) 488,169
428,226
.5,552
94,765
None.
5,675
155,779
None.
None.
1,984,309
None.
2,628
392,119
32,611
115,118
56,500
3,273,282
1,679,888
ri;i,593,394
81,899
16,227
382,983
1,550
304,721
516,589
221,000
None.
531,374
6,0.50
8,667
29,000
53,764
28,357
24,620
2,206,801
1,518,476
{%) 688 325
349,998
None.
734,890
None.
10,666,718
1,432,544
2,316,410
None.
203,082
None.
None.
105,459
189,2(59
358,664
122,660
431,897
16,227
1,117,873
1,550
10,971,439
1,949,1.33
2,5.37,410
None .
734,456
6,050
8,(567
134,459
243,033
387,021
147,280
16,479,694 18,686,495
12,864,675 I 14,383,151
rO3.615,019 V?;4,303,344
ABSTRACT OF STATEMENTS 45
SESSIONAL PAPER No. 9
Amounts of Insurance effected in Canada during the respective Years 1875-1902.
Year.
1875.
1876.
1877.
1878.
1879.
1880
1881.
1882
1888.
1881.
1885.
1886.
1887
1888
1889
1890.
1891.
1892.
1893.
1894.
1895
1896
1897.
1898.
1899
1900.
1901.
1902.
Canadian
Companies.
5,077,001
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
46,74.5,662
British
Companies.
1,689,833
1,683,357
2,142,702
2,789,201
1,877,918
2,302.011
2,536,120
2,833,250
3,278,008
3,167,910
3,950,617
4,054,279
3,067,040
3,985,787
3,399, US
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
American
Companies.
Total .
605,247,746
85,061,588
8,306,824
6,740,804
5,067,317
3,871,998
3,363,600
4,057,000
3,923,412
5,423,960
6,411,635
7,323,737
8,332,046
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
31,431,831
Total.
357,904,163
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
54,784.675
67,400,733
68,896,092
73,899,228
81,501,810
1,048,213,49^
^Including 20 months' business of the Canada Life.
Amounts of Insurance in force in Canada, 1875-1902.
Year.
Canadian
British
American
Total.
Companies.
Companies.
Companies.
S
%
%
%
1875
21,957,296
19,455,607
43,596,361
40,728,461
85,009,264
84,250,918
1876
24,649,284
18,873,173
1877
26,870,224
19,349,204
39,468,475
85,687,903
1878
28,656,556
20,078,533
36,016,848
84,751,937
1879
3.3,246,543
19,410,829
33,616,330
86,273,702
91,272,126
1880
37,838,518
19,789,863
33,643,745
1881
46,041,591
20,983,092
36,266,249
103,290,932
1882 :
53,855,051
22,329,368
38,857,629
115,042,048
1883
59,213,609
23,511,712
41,4-71,554
124,196,875
1884 ..
66,519,958
24,317,172
44,616,596
135,453,726
1885
74,.591,139
25,930,272
49,440,735
149,962,146
1886
88,181,859
27,225,607
55,908,230
171,315,696
1887
101,79().754
28,163,329
. 61,734,187
191,694 270
1888
114,034,279
30,003,210
67,724,094
211,761,583
1889
125,125,692
30,488,618
76,348,392
231,963,702
1890
135,218,990
31,613,730
81,599,847
248,424,567
1891
143.3(»8,S17
32,407,937
85,1)98,475
261,475,229
1892
154.709,077
33,692,706
90,708,482
279,110,265
1893
167,475,875:
33,543,884
94,602,966
2i)5,()22.722
1894
177,511,840
33,911,885
96,737,705
308,161,436
1895
188,326,(»57
34,341,172
96,590,352
310,257,581
1896
195,303,042
34,837,448
97,660,009
327,800,499
1897
208,655.45!)
35,293,134
100,063,684
344,012,277
868,523,985
1898
22(),20<),63(5
36,606,195
105,708.154
1899
252,201.516
38,02.5,048
113,94:^209
404,170,673
1900
267,151,086
39,485,344
124,433,416
431.0»;9,846
1901
284,684,621
40,216,186
138,8«i8,227
4637()9,034
1902
308,20.5,453
41,335,434
159,153,464
508,694,401
46
DEPARTMENT OF FINANCE— INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
Premium Income during respective Years 1875-1902.
Year.
1875.
1870.
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. .
Canadian
Companies.
Total
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
7,80.5,174
9,373,405
9, 133, 89 ^>
10,099,762
British
American
Companies, i Companies.
111,727,072
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
26,065,146
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
2,285,951
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
5,628,526
Total.
73,147,931
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
17,118,655
210,915,243
"Including 20 months' business of the Canada Life.
ABSTRjiCT OF STATEMENTS
SESSIONAL PAPER No. 9
47
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DEPARTMENT OF FI NA NC b—INlSURANG E BRANCH
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ABSTRACT OF STATEMENTS
ASSESSMENT SYSTEM
Amounts of Life Insurance terminated in Natural Course or by Surrender and Lapse
among Assessment Life Companies in Canada, during the Year 1902.
Companies.
Amount terminated by
Total
Death.
Surrender,
Expiry
or Lapse.
Terminated.
Canadian Companies.
Catholic Mutual Benefit Association
$
230,000
31,000
766,013
47,000
$ ■
569,000
541,000
2,924,487
788,500
$
799,000
572,000
3,690,500
835,500
Independent Order of Foresters (Canadian business)
Woodmen of the World
Totals for 1 902
1,074,013
892,446
4,822,987
4,772,054
5,897,000
Totals for 1901
5,664,500
9—4
60
DEPARTMENT OF FINANCE— INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
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ABSTRACT OF STATEMENTS
SESSIONAL PAPER No. 9
ASSESSMENT LIFE COMPANIES.
CANADIAN COMPANIES— LIABILITIES, 1902.
51
Companies.
Claims
Unsettled.
Catholic Mutual
Commercial Travellers
Independent Order of Foresters
Woodmen of the World . .
Totals
$ cts
41,250 00
2,000 00
253,344 64
9,000 00
305,594 64
Due on
Account of
General
Expenses.
$ cts.
3,795 82
None.
5,848 24
287 80
9,931 86
Other
Liabilities.
$ cts,
None.
360 35!
113,273 95!
7,019 80|
Total.
Liabilities
(not includ-
ing reserve).
§ cts.
45,045 82
360 35
372,466 83
16,307 60
120,654 IQ 436,180 60
9-4^
52
DEPARTMENT OF FINANCE— INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
ASSESSMENT LIFE COMPANIES.
INCOME, 1902.
Assessments
Fees
and Dues.
Interest.
Other
Receipts.
Total
Income.
Canadian Companies.
Catholic Mutual .
$ cts.
238,615 50
33,925 61
2,831,404 33
18,822 56
$ cts.
18,386 87
3,460 00
256,749 47
73,822 25
$ cts.
4,315 03
1,6.54 26
214,381 02
1,263 61
% cts.
1,983 69
None.
44,826 00
665 94
$ cts.
263,301 09
39,039 87
3,347,360 82
94,574 36
Commercial Travellers
* Independent Order of Foresters
Woodmen of the World
Totals
3,122,768 00
352,418 59
221,613 92
47,475 63
3,744,276 14
EXPENDITURE, 1902.
Paid
to Members.
General.
Expenses.
Total
Expenditure.
e Excess of
Income over
Expenditure.
d The reverse.
Canadian Companies.
Catholic Mutual
Commercial Travellers
$ cts.
209,000 00
36,000 00
1,748,351 05
51,968 43
$ cts.
20,494 53
3,533 88
729,408 84
23,437 47
% cts
229,494 53
39, .533 88
2,477,759 89
75,405 90
$ cts.
e 33,806 56
d 494 01
* Independent Order of Foresters
e 869,600 93
€ 19,168 46
Woodmen of the World
Totals..
2,045,319 48
776,874 72
2,822,194 20
e 922,081 94
^Including the sick and funeral department.
ABSTRACT OF STATEMENTS
53
SESSIONAL PAPER No. 9
54
DEPARTMENT OF FINANCE-INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
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ABSTRACT OF STATEMENTS
55
SESSIONAL PAPER No. 9
Table showing the Income and Expenditure of Canadian Companies doing business of
Accident, Guarantee, Plate Glass, Burglary Guarantee or Steam Boiler Insurance.
INCOME, 1902.
Companies.
Accident and (xuarantee Co
Boiler Inspection
Canada Accident
Canadian Railway Accident .
Dominion Burglary Guarantee. ...
Dom. of Canada Guarantee & Accident.
Dominion Plate Glass
Guarantee Co. of North America
Ontario Accident
Totals.
Net Cash
for
Premiums.
$ cts.
4,910 50
36,163 95
42,849 09
134,623 55
18,257 00
148,100 35
20,508 50
179,248 06
115,170 47
699,831 47
Interest
and
Dividends
on
Stock, &c.
$ cts.
630 06
6,058 20
3,477 67
2,115 52
1,812 30
4,138 75
1,133 28
44,593 78
1,783 90
65,743 46
Sundry.
$ cts.
11,587 02
617 37
None.
1,103 80
None.
None.
None.
None.
None.
13,308 19
Total Cash
Income.
% cts.
17,127 58
42,839 52
46,326 76
137,842 87
20,069 30
152,239 10
21,641 78
223,841 84
116,954 37
778,883 12
Received
on
Account of
Capital
not
included in
Income.
$ cts.
43,075 83
None.
None.
1,960 00
None.
None.
None.
None.
695 00
45,730 83
EXPENDITURE, 1902.
Companies.
Paid
for Losses.
General
Expenses.
Dividends
or
Bonuses
to Stock-
holders .
Total Cash
Expenditure
Nature of Business.
Accident and Guarantee Co —
$ cts.
494 05
2,886 20
9,651 77
64,936 80
3,730 41
57,224 01
8,047 77
36,075 34
53,981 81
$ cts.
13,133 82
33,432 54
20,071 06
54,418 30
10,269 08
66,547 71
9,643 30
108,929 10
55,706 26
% cts.
None.
7,507 50
3,247 04
2,282 40
4,800 00
12,388 15
2,250 00
24,368 00
1,720 00
$ cts.
13,627 87
43,826 24
32,969 87
121,637 50
18,799 49
136,159 87
19,941 07
169,372 44
111,408 07
Accident & Sickness.
Steam Boilers.
Ca,nada Accident.
Canadian Railway Accident. . .
Dominion Burglary Guarantee.
Dom. of Canada G'ntee & Acc'nt
Dominion Plate Glass
Accident, Sickness &
Plate Glass.
Accident & Sickness.
Burglary Guarantee.
Guarantee, Accident
and Sickness.
Plate Glass.
Guarantee Co. of North America
Ontario Accident
Guarantee,
Accident & Sickness.
Totals
237,028 16
372,151 17
58,563 09
667,742 42
56
DEPARTMENT OF FINANCE— INSURANCE li RANCH
2-3 EDWARD VII., A. 1903
Abstract of Guarantee Business in Canada for the Year 1901.
American Surety .
Dominion of Canada
Guarantee & Accident.
Employers' Liability ...
Guarantee Co. of N. A. . .
London Guarantee and
Accident
Totals .
a .
s *>
10,738
16,851
26,393
26,762
44,454
125,198
lil
1,002
1,168
3,984
3,142
Amount of Poli-
cies, New and
Renewed.
Number of Poli-
cies in force in
Canada at date
$
3,076,908
941
4,436,796
1,116
5,734,087
3,610
9,039,278
11,255,516
2,914
33,542,585
I.S
2,639,220
3,271,592
5,229,623
7,655,828
10,841,966
29,638,229
1,024
3,000
8,126
2,013
3,152
17,315
660
None.
5,816
1,813
1,821
10,110
Unsettled
Claims.
0.2
372
3,000
3,857
None.
None.
None .
700 None.
1,408
9,337
None.
None.
Abstract of Accident Business in Canada for the Year 1902.
Accident and Guarantee
Canada Accident
Canadian Railway
Dominion of Canada
Guarantee & Accident.
London Guarantee and
Accident
Employers' Liability
Ocean Accident and
Guarantee
Ontario Accident . —
Sun
Travelers
Totals.
4,315
1,965
23,838
2,438
134,624
12,540
131,249
12,719
73,067
6,039
163,282
2,365
189,833
9,472
115,170
5,690
164
None.
75,818
5,162
911,300
58,390
1,929,500
1,936
6,683,100
2,424
17,271,974
10,980
23,33v'),632
12,113
14,425,241
5,976
13,953,100
2,276
33,335,333
7,475
12,895,965
5,634
None.
29
15,422,464
3,915
139,247,309
52,758
1,782,500
494
494
None.
6,027,102
4,318
4,566
969
15,236,841
58,635
56,662
8,984
22,164,616
45,495
43,908
8,892
14,193,741
27,880
23,889
3,570
13,387,100
60,368
57,257
20,210
25,002,083
124,375
131,490
51,479
11,453,298
44,329
47,265
3,525
9,000
135
135
None.
12,428,950
23,695
23,695
8,500
121,685,231
389,724
389,361
106,129
None.
None .
None.
720
5,000
None.
6,500
None .
None .
None .
12,220
Abstract of Plate Glass Insurance in Canada for the Year 1902.
Canada Accident
15,440
20,509
44,750
6,915
1,602
1,419
3,291
1,482
3,132
6,962
970
252
8,048
20,150
2,947
295
8,048
20,150
2,346
76
None.
None.
610
None.
Dominion Plate Glass. . .
None.
Lloyds Plate Glass
New York Plate Glass . .
85,300
144,646
None.
None .
Totals
87,614
12,546
31,397
30,839
686
None .
ABSTRACT OF STATEMENTS
SESSIONAL PAPER No. 9
THE GUARANTEE COMPANY OF NORTH AMERICA.
57
0)
r%
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S
k
Unsettled
Si
j^
'^i
Claims.
o
f^«
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^
^
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^
^
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$
^
$
$
$
$
s
In Canada . .
26,762
9,039,278
7,655,828
2,013
1,813
700
None.
In other Countries
152,486
65,240,736
45,110,983
36,928
34,262
8,759
14,188
Totals
179,248
74,280,014
52,766,811
38,941
36,075
9,459
14,188
Abstract of Sickness Insurance in Canada for the year 1902.
Accident and Guarantee
Company
Ancient Order Fqresteis .
Canada Accident
Canadian Railway Acci-
dent
Dominion of Canada
Guarantee and Acci-
dent
Employers' Liability
*Independent Order of
Foresters
London Guarantee and
Accident
Ocean Accident and
Guarantee
Ontario Accident . , . ,
Totals
595
3^571
6,436
163,447
2,087
176,136
165
1,602
1,167
3,355
470
785,537
323,848
155
1,482
1,167
28,123
470
785,537
323,848
252
7,628
10,319
2,558
130,398
• 803
4,974
7,159
164,179
295
8,275
13,316
2,611
129,830
688
6,086
6,717
167,905
None.
■"76
None.
1,411
86
12,211
150
None.
None.
None.
None.
None.
None.
None.
1,166 None,
800
15,900
None.
None.
Abstract of Burglary Guarantee Business in Canada for the year 1902.
Dominion Burglary Guar-
antee Company.. ...
18,257
1,654
2,690,462
1,530
2,531,107 3,573
3,730
524
Abstract of Steam Boiler Insurance in Canada for the year 1902.
Boiler Inspection and In-
surance Company
36,164
716
2,36(^,475
1,352
5,357,275
2,886
2,886 None,
None
Abstract of Inland Transit Insurance in Canada for the year 1902.
British and Foreign
Marine .
Marine Insurance Co.. . .
Ocean Marine
Totals
4,975
23,897
219
29,091
2,075
72
46,971,894
62,530,576
1,464,300
110,966,770
None.
None.
None.
None.
None.
None.
None.
None.
None
448
None
448
1,150
375
None.
l,i
None.
73
None.
73
None.
None.
None.
None.
Including funeral benefits.
58
DEPARTMENT OF FINANCE-INSURANCE BRANCH
2-3 EDWARD VII., A. 1903
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