6 389 Mutual Life Insurance Company of New York
Report of the Superintendent of Insurance of the Dominion of Canada © 1896
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394 DEPARTMENT OF FINANCE–INSURANCE BRANCH.
THE MUTUAL LIFE INSURANCE COMPANY OF NEW YORK.
STATEMENT FOR THE YEAR ENDED 31ST DECEMBER, 1896.
PresidentRICHARD A. MCCURDY. I SecretaryWm. J. EASTON.
Principal O. ffice32 Nassau Street, New York City.
Chief Agent in CanadaFAYETTE BROWN. Head Office in Cana-laMontreal.
(Incorporated 12th April, 1842. Commenced business in Canada, 1st September, 1885.)
No Capital.
ASSETS IN CANADA.
Bonds, etc., in deposit with Receiver General :
Par value. Market value.
United States 4 per cent bonds 4 170,000 00 $ 187,000 00
Dominion of Canada 4 per cent bonds 125,000 00 128.700 00
Province of Nova Scotia 4 per cent bonds 400,000 00 409,687 50
Province of New Brunswick 4 per cent bonds 199,000 00 199,560 00
City of Montreal stock and bonds 565,000 00 590,084 96
City of Ottawa 5 per cent bonds 40,000 00 43,496 00
City of Guelph 5 per cent bonds 124,333 33 135,933 48
City of Toronto 4 per cent bonds 461,000 00 461,547 00
U nited States 5 per cent bonds 250,000 00 282,925 00
Total par and market value $2,334,333 33 52,438,933 94
Carried out at market value $2,438,933 94
In deposit with Canadian Trustees under the Insurance Act
Par value. Market value.
Guaranty Trust Company of New York, stock 8 250,000 00 8 900,000 00
U nited States Mortgage and Trust Co., of New York,
stock 300,000 00 525,000 00
Carried out at market value 1,425,000 00
Cash in Bank of Montreal, Montreal 321,500 0
Gross premiums due and uncollected on Canadian policies in force $ 54,998 89
Gross deferred premiums on same 35,120 89
Total outstanding and deferred premiums 5 90,119 78
Deduct cost of collection at 20 per cent 18,023 96
Net outstanding and deferred premiums 72,09. 82
Total assets in Canada $4,257,529 76
LIABILITIES IN CANADA.
*Amount computed to cover the net reserve or reinsurance value of all
outstanding policies in Canada $3,260,752 00
Claims for death losses due and unpaid 33,618 00
do matured endowments due and unpaid 7,000 00
Total liabilities in Canada $3,301,370 00
*Based on the Combined Experience Table, with 4 per cent interest.
