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THE GRAND COUNCIL OF THE CATHOLIC MUTUAL BENEFIT
ASSOCIATION OF CANADA.

STATEMENT FOR THE YEAR ENDING 31ST DECEMBER, 1896.
President—HON. M. F. HACKETT   .Secretar f—SAmt EL R. BROW\.

Principal Office—London, Ont.
(Organized 10th February, 1880 ; incorporated in Ontario, January 18th, 1890 ;
registered in Ontario 22nd August, 1892 ; incorporated in Dominion of
Canada under 56 Vic., cap. 90, assented to 1st April. 1893, and
registered in the Dominion, 27th December, 1894.)

ASSETS.

Cash in banks (including 81,635.14 interest accrued in 1896) viz.:

Canadian Bank of Cominerce, London, tint    8   8,238 35

Merchants Bank of Canada   do    11,436 00

Bank of British North America   do    10,098 68

Bank of Toronto   do    11,736 96

Bank of Montreal   do    8,212 62

Eastern Townships Bank, Stanstead, P.Q    10,779 35

Total    60,501 96

Cash in Grand Treasurer's hands    1,004 95

Supplies on hand    125 00

Office furniture and safe    260 00

Total    w 62,191 91

OTHER ASSETS.

 

Mortuary assessments due and uncollected on policies in force    8 15,075 74

Per capita tax, initiation tax and supplies   4,006 78

Total outstanding    19,082 52

Total assets    8 81,274 43

LIABILITIES.

 

Claims for death losses adjusted but not due    26,500 (Si

do   unadjusted but not resisted   11,000 00

Total amount of unsettled claims    8 37,500 00

Due on account of general expenses, supplies, &c    1,645 98

Total    8 39,145 98

INCOME.

Gross amounts paid by members to the Association or its agents without deduction for commissions, or other expenses, as follows :

Membership fees—Initiation tax    8   657 50

Annual dues—Per capita tax    10,747 50

Supplies and policies    1,461 44

Assessments    175,098 09

Total paid by members       8 187,964 53
541


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