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LIFE INS URA NCE CO.IfPA VIES.   437

THE ROYAL INSURANCE COMPANY.

 

STATEMENT FOR THE YEAR ENDING 31ST DECEMBER, 1896.

Chairman—M. H. MAXWELL.   Manager—CHAS. ALCOCK.
Principal Office—Liverpool, England.
Chief Agent in Canada—GEORGE SIMPSON.   Head Office in Canada—Montrea 1
(Established, 31st May, 1845. Commenced business in Canada, 1851.)

(For Capital and Assets, see Fire Statement.)

LIABILITIES IN CANADA.

Under policies issued previous to -31st March, 1878.

*Amount computed to cover the reserve on all outstanding policies in Canada   *$' 282,661 15

 

Total net liabilities to said policy-holders in Canada       $ 282,661 15
Policies issued subsequent to 31st March, 1878.

*Amount computed to cover the reserve on all outstanding policies in

Canada (including reserve on Queen policies)    8 141,639 66

Claims for death losses unadjusted but not resisted    3,808 33

Total net liabilities to said policy-holders in Canada    $   145,447' 99

Total liabilities to all policy-holders in Canada    $   428,109

14

INCOME IN CANADA.

 

92

Amount of premiums received in cash during the year on life policies in

Canada    $   20,070

Interest on loans    1,893

39

Total income in Canada    :   $   21,964

31

EXPENDITURE IN CANADA.

Cash paid on account of death claims    $   37,779

62

do   do   matured endowments    1,946

66

Amount paid to annuitants    235

22

Cash paid for surrendered policies    2,518

75

Cash dividends paid to Canadian policyholders—    608

81

Total net amount paid to policy-holders in Canada    $   43,089

06

Cash paid for commissions, &c    696

59

Taxes, licenses, fees or fines    60

00

Miscellaneous, viz. :—Legal advice,   20 ; examination fees, $15 ; postage

and exchange, $25.54   60

54

Total expenditure in Canada    $   43,906

19

* Based on Institute of Actuaries' H. M. Table, with interest at 4i per cent. Computed by the department.

4—29


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