Previous Index Next

 

ASSESSMENT INSURANCE COMPANIES.   545

THE COMMERCIAL TRAVELLERS' MUTUAL BENEFIT SOCIETY.
STATEMENT FOR THE YEAR ENDING 31ST DECEMBER, 1896.
President—ROBERT CREAN.   Sec. and Chief Agent—FPM. G. H. LowE.
Principal Office—Toronto.

(Organized, 1881 : incorporated, 27th January, 188.2, under the provisions of the
Revised Statutes of Ontario (1877), chap. 167 commenced business in
Canada, July, 1881.)

ASSETS.

 

Amount secured by way of loans on real estate by bond or mortgage (first

liens)    S   19,500 00

Bracebridge debentures    8,131 14

Cash at head office    9. 91

Cash in Dominion Bank    6,236 49

Office furniture

 

Total    34,477 22

 

 

OTHER ASSETS.

Interest due   8 137 50

do accrued   203 30

Total carried out    :340 80

 

Total assets    $ 34,818 02

 

 

LIABILITIES.

 

Claims for death losses       Nil. INCOME.

 

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

Membership fees    3   550 00

Annual dues    3,484 00

For medical examiners' fees    374 00

Assessments    20,276 85

 

Total paid by members    $ 24,684 85

Interest   1,728 64

 

Total income    $ 26,413 49


Previous Index Next