6 377 London Life Insurance Company
Report of the Superintendent of Insurance of the Dominion of Canada © 1896
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382 DEPARTMENT OF FINANCEINSURANCE BRANCH.
THE LONDON LIFE INSURANCE COMPANY.
STATEMENT FOR THE YEAR ENDING 31ST DECEMBER, 1896.
PresidentJOHN MCCLARY.
Secretary and Chief AgentJ. G. RICHTER. Head OfficeLondon, Ont.
(Incorporated by Act of the Legislature of Ontario, 37 Vic., cap. 85, in 1874.
Charter extended by Dominion Act 47 Vic., cap. 89, in 1884. Amended in
1885 by 48-49 Vic., cap. 94, and in 1891 by 54-55 Vic., cap. 117. Commenced
business in Canada, July, 1874. Dominion license issued, 7th December, 1885.)
Amount of joint stock capital authorized $1,000,000 0
do do subscribed for 250,000 0
do do paid up in cash 50,000 00
(For List of Stockholders, see Appendix.)
ASSETS AS PER LEDGER ACCOUNTS.
Amounts secured by way of loans on real estate by bond or mortgage,
first liens $ 381,146 83
Amount of loans secured by bonds, stocks or other marketable collaterals 8,338 31
Par Market Amount
value. value. loaned.
167 shares London Life Insurance Co 8 3,740 00 8 4,008 00 8 718 31
44 do Huron and Erie Loan and Sav-
ings Co., 20 per cent stock 440 (.0
9 do Huron and Erie Loan and Sav- 1,388 30 800 00
ings Co 450 00_i
50 do Agricultural Savings and Loan
Co 2,500 00 2,750 00 2,000 00
232 do Ontario Loan and Debenture 1
Co., 20 per cent stock 2,320 00 ‘
36 do Ontario Loan and Debenture 6,918 40 4,820 00
Co 1,800001
40 do Canadian Savings and Loan Co. 2,000 00
$ 12,850 00 $ 15,064 70 3 8,338 31
Amount of loans as above on which interest has been overdue for one
year or more previous to statement $900
Amount of loans made to policy-holders on the company’s policies
assigned as collaterals 31,093 5
Stocks and bonds held by the company, viz.:
Par value. Market value. Ledger value.
Ontaria Loan and Debenture Co. stock… 8 50,000 00 8 60,000 00 $ 59,500 00
do do 20 p. cent
stock 10,000 00 11,200 00 11,200 00
Dominion Savings and Investment Co.
stock 1,250 00 950 00 950 00
Canadian Savings and Loan Co. stock 5,000 00 5,400 00 5,350 00
Agricultural Savings and Loan Co. stock 2,600 00 2,860 00 2,808 00
Huron and Erie Loan and Savings Co.
stock 1,600 00 2,512 00 2,480 00
Huron and Erie Loan and Savings Co.
20 per cent stock 160 00 235 20 232 00
*Ontario Loan and Debenture Co. deben-
tures 60,000 00 60,000 00 60,000 00
Total 8 130,610 00 8 143,157 20 $ 142,520 00
