. Canada, an encyclopaedia of the country [microform] : the Canadian Dominion considered in its historic relations, its natural resources, its material progress and its national development. Agriculture; Canadian literature; Finance; Natural history; Natural resources; Agriculture; Littérature canadienne; Finances; Sciences naturelles; Ressources naturelles. wm 334 CANADA : AN I!> r pl;iii. or at least it was legally prohibited from doing that class of business under the provision in Section 39, sub-section lo of the Act, which states: "No company wldch is authorized to
. Canada, an encyclopaedia of the country [microform] : the Canadian Dominion considered in its historic relations, its natural resources, its material progress and its national development. Agriculture; Canadian literature; Finance; Natural history; Natural resources; Agriculture; Littérature canadienne; Finances; Sciences naturelles; Ressources naturelles. wm 334 CANADA : AN I!> r pl;iii. or at least it was legally prohibited from doing that class of business under the provision in Section 39, sub-section lo of the Act, which states: "No company wldch is authorized to assure or assures to any of its members a certain annuity, either immediate or deferred, wiietiier for life or for a term of years, or any endowment whatever, shall be eligible for license as an assess- ment company under the ; The Special Act authorizing the Society to become licensed uniier the Act does not affect in any way tin: contracts then outstanding, and it is unknown by the public whether such contracts have been called in or not. If they are still outstanding, it would require millions of dollars in hand to be increased and impnned yearly by several times tiie regular premium therein stated, to make proper provision fur the payment of such con- tracts. Notwithstanding that the Special Act authorizing the licensing, of this Order to do busi- ness provides for and requires a statement of assets and liabilities each year, the last Report of tlie Dominion Superintendent of Insurance for the Imsiness of 1896, under the head of " Liabilities 87,; closed with these words "Total Liabilities, excluding reserves on unmatured bene fits, which benefits then amounted to $128,791,- ; This presents the play of Hamlet witli the part of the Prince of Denmark omitted. The very serious aspect of excluding proper provision for the payment of these so-called large un- matured benefits becomes mure apparent by an inspection of the preliminary Gover
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Keywords: ., book, bookcentury1800, booksubjectagriculture, booksubjectfinance
