6 267 Phoenix Assurance Company Of London
Report of the Superintendent of Insurance of the Dominion of Canada © 1896
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FIRE AND INLAND MARINE INSURANCE COMPANIES.
269PHOENIX ASSURANCE COMPANY OF LONDON.
STATEMENT FOR THE YEAR ENDING 31ST DECEMBER, 1896.
Joint WILLIAM C. MACDONALD
ChairmanHONOURABLE JAMES BYNG.
Secretaries FRANCIS B. MACDONALD.
Principal Officel9 Lombard Street, London, E.C.
Chief Agents in CanadaPATERSON & Sox. Head Office in CanadaMontreal.
(Organized A.D. 1782. Commenced business in Canada, A.D. 1804.)
CAPITAL.
Amount of capital authorized and subscribed for 2,688,800
Amount paid up in cash 268,880
ASSETS IN CANADA.
Stocks and bonds on deposit with Receiver General, viz. :
Par value. Market value
Canadian Pacific Railway bonds. . .. 8 57,500 00 8 59,800 00
Canada 4 per cent reduced stock 50,126 67 53,134 27
Canada 3 per cent stock 36,500 00 36,500 00
Canada 4 per cent inscribed stock 48,666 67 51,586 66
British consolidated 2 per cent stock 24,333 33 24,333 33
Total par and market values $ 217,126 67 S 225,354 26
Carried out at market value $ 225,354 26
Interest accrued and unpaid on stocks, he 1,543 95
Unpaid premiums 27,404 11
Total assets in Canada $ 254,302 32
LIABILITIES IN CANADA.
Net amount of fire losses reported or supposed but not claimed S 4,809 47
do do resisted, in suit (accrued in previous year) 1,500 00
do do not in suit 250 00
Total net amount of unsettled claims for fire losses in Canada $ 6,559 47
Reserve of unearned premiums for all outstanding fire risks in Canada 236,693 50
Total liabilities in Canada $ 243,252 97
INCOME IN CANADA.
Gross cash received for fire premiums 8359,497 93
Less reinsurance, rebate, abatement and return premiums 40,180 69
Net cash received for fire premiums $ 319,317 24
Add interest on the deposit with Receiver General, paid direct to the
head office in London 8,438 82
Total cash income in Canada $ 327,756 06
