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394   DEPARTMENT OF FINANCE--INSURANCE BRANCH.

THE MUTUAL LIFE INSURANCE COMPANY OF NEW YORK.
STATEMENT FOR THE YEAR ENDED 31ST DECEMBER, 1896.
President—RICHARD A. MCCURDY.   I   Secretary—Wm. J. EASTON.
Principal O. ffice—32 Nassau Street, New York City.
Chief Agent in Canada—FAYETTE BROWN.   Head Office in Cana-la—Montreal.
(Incorporated 12th April, 1842. Commenced business in Canada, 1st September, 1885.)
No Capital.
ASSETS IN CANADA.

 

 

Bonds, etc., in deposit with Receiver General :

Par value. Market value. United States 4 per cent bonds    4 170,000 00 $ 187,000 00

Dominion of Canada 4 per cent bonds    125,000 00   128.700 00

Province of Nova Scotia 4 per cent bonds    400,000 00   409,687 50

Province of New Brunswick 4 per cent bonds    199,000 00   199,560 00

City of Montreal stock and bonds    565,000 00   590,084 96

City of Ottawa 5 per cent bonds   40,000 00   43,496 00

City of Guelph 5 per cent bonds    124,333 33   135,933 48

City of Toronto 4 per cent bonds    461,000 00   461,547 00

  • nited States 5 per cent bonds    250,000 00 282,925 00

Total par and market value    $2,334,333 33 52,438,933 94

Carried out at market value    $2,438,933 94
In deposit with Canadian Trustees under the Insurance Act

 

Par value. Market value. Guaranty Trust Company of New York, stock    8 250,000 00 8 900,000 00

  • nited States Mortgage and Trust Co., of New York,

stock    300,000 00   525,000 00

Carried out at market value    1,425,000 00

Cash in Bank of Montreal, Montreal    321,500 00

Gross premiums due and uncollected on Canadian policies in force   $ 54,998 89

Gross deferred premiums on same   35,120 89

Total outstanding and deferred premiums   5 90,119 78

Deduct cost of collection at 20 per cent    18,023 96

Net outstanding and deferred premiums    

Total assets in Canada       $4,257,529 76 LIABILITIES IN CANADA.

 

*Amount computed to cover the net reserve or reinsurance value of all

outstanding policies in Canada    $3,260,752 00

Claims for death losses due and unpaid    33,618 00

do matured endowments due and unpaid    7,000 00

 

Total liabilities in Canada    $3,301,370 00 *Based on the Combined Experience Table, with 4 per cent interest.

72,095 82


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