6 228 London And Lancashire Fire Insurance Company
Report of the Superintendent of Insurance of the Dominion of Canada © 1896
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230 DEPARTMENT OF FINANCEINSURANCE BRANCH.
THE LONDON AND LANCASHIRE FIRE INSURANCE COMPANY.
STATEMENT FOR THE YEAR ENDING 31ST DECEMBER, 1896.
ChairmanDUNCAN GRAHAM. ManagerCHARLES G. FOTHERGILL.
Principal OfficeLiverpool, England.
Chief Agent in CanadaALFRED WRIGHT. I Head 48ice in CanadaToronto.
(Established, 10th December, 1861. Commenced business in Canada, April, 1880.)
CAPITAL.
Amount of joint stock capital authorized S 12,166,666 6
Amount subscribed for 10,353,833 3
Amount paid up in cash 1,035,383 3
ASSETS IN CANADA.
Stocks and bonds held by the Company :
Canada 4 per cent stock 8 107,066 67
do 3 do 29,200 00
In deposit with Receiver General, carried out at par value $ 136,266 6
Cash on hand at head office 7,042 3
Cash in Dominion Bank, Toronto 2,560 3
Amount of cash in hands of agents in Canada 7,767 6
Special deposit with Union Loan and Savings Co 70,000 0
Total assets in Canada $ 223,636 9
LIABILITIES IN CANADA.
Net amount of losses due and yet unpaid (accrued in previous years) $ 65 00
do do claimed but not adjusted (85.85 of which accrued in
previous years) 1,127 32
do do reported or supposed, but not claimed 25 00
do do resisted (not in suit) 58 00
Total net amount of unsettled claims for fire losses in Canada $ 1,275 32
Reserve of unearned premiums for outstanding risks in Canada 138,859 37
Total liabilities in Canada $ 140,134 69
INCOME IN CANADA.
Gross cash received for premiums $ 219,920 76
Deduct reinsurance, rebate, abatement and return premiums 24,660 61
Net cash received for premiums $ 195,260 15
Bank and special deposit interest 2,594 10
Interest on deposit paid direct to head office : 5,158 67
Total income in Canada $ 203,012 92
