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ACCIDENT, GUARANTEE, ETC., INSURANCE COMPANIES.   493

THE EMPLOYERS' LIABILITY ASSURANCE CORPORATION (LIMITED).
STATEMENT FOR THE YEAR ENDING 31ST DECEMBER, 1896.
President—LORD CLAUD HAMILTON.   Secretary—S. STANLEY BROWN.
Chief Agent in Canada—F. STANCLIFFE.

Principal Office—London, England.   ~   Head Office in Canada--Montreal.

(Incorporated 25th October, 1880. Licensed for Accident and Guarantee business in Canada, 24th October, 1894, and commenced such business in 1895.)

CAPITAL.

Amount of joint stock capital    £ '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 4 per cent reduced stock   8 39,420 00

Canada 4 per cent 1910 -35 stock    12,896 67

Province of Quebec bonds    24,333 33

 

Total    8 76,650 00

Carried out at par value    76,650 00

Cash at head office    200 00

Cash in Bank of Montreal   3,013 45

Agents' balances   6,544 89

Office furniture (say)    325 00

Total assets in Canada       $ 86,733 34
LIABILITIES IN CANADA.

For Accident Losses in Canada

Net amount of losses in Canada adjusted but not due (estimated)   8   667 71

do   do   reported or supposed but not claimed

(estimated)    5,866 80

Total net amount of unsettled claims for accident losses in Canada   $   6,534 51

Reserve of unearned premiums upon all unexpired accident risks in

Canada    

11,600

48

Reserve of unearned premiums upon all unexpired guarantee risks in

Canada    

4,175

49

Total liabilities in Canada    

22,310

48


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