Previous Index Next

 

354   DEPARTMENT OF FI VA VCE—INSURANCE BRANCH.

THE FEDERAL LIFE ASSURANCE COMPANY OF ONTARIO. STATEMENT FOR THE YEAR ENDING 31ST DECEMBER, 1896.

 

President—JAS. H. BRATTY.   Chief Agent and Managing Director—DAVID DEXTER.

Head Ofice—Hamilton, Ontario.

(Incorporated 21st December, 1874, by Act 38 Vic., cap. 68 (Ontario), amended in 1875 by 39 Vic., cap. 1 (Ontario). Organized, February, 1882. Commenced business in Canada, June, 1882.)

CAPITAL.

Amount of joint stock capital authorized    $1,000,000

00

Amount subscribed for    

700,000

00

Amount paid up in cash    

81,297

00

(For List of Shareholders, see Appendix.)

ASSETS AS PER LEDGER ACCOUNTS.

Value of real estate (unencumbered)    $ 27,178 28
Amount secured by way of loans on real estate, by bond or mortgage, first

liens    183,179 65

   Amount of loans secured by bonds, stocks or other marketable collaterals   1,250 00
Amount of loans as above on which interest has been overdue for one year

or more previous to statement    $3,150 00
Amount of loans made to policy-holders on the company's policies assigred

as collaterals    141,219 66

Premium obligations on policies in force    1,502 01

Stocks and bonds owned by the company, viz. :

Par value. Market value. * St. Thomas debentures    $ 11,806 00 8 12,977 37

* Lindsay   do    4,000 00   4,149 22

* Gananogne   do    5,000 00   5,026 20

* Canadian Pacific Railway bonds    11,000 00   12,034 82

* Eldon debentures    10,000 00   10,294 65

Merritton debentures    1,500 65   1,541 96

"Seaforth   do    10,500 00   11,102 30

* Clinton   do    2,500 00   2,592 80

Pembroke   do    5,981 55   6,301 73

Seaforth   do    2,000 00   2,112 34

Total par and market values .   8 64,288 20 $ 68,133 39

Carried out at market value    68,133 39

Cash at head office    580 47

Cash in banks, viz.:

Bank of Hamilton    $ 62,193 33

do   Toronto branch    275 21
Traders' Bank.

Hamilton Provident and Loan Society    1,568 17

Total    72,508 64
* Deposited with the Receiver General.


Previous Index Next