Liabilities of the Company, specifying,—

The amount of losses due and yet unpaid; Amount of losses adjusted, but not due; Amount of losses incurred during the year, including those claimed, not yet adjusted, and of those reported to the company upon which no action has been taken the amounts of each class separately, carrying out the totals in one sum;

Amount of claims for losses resisted by the company, distinguishing those in suit;

Amount of dividends declared and due, and remaining unpaid;

Amount of dividends declared, but not yet due;

Amount of money borrowed, and security given for payment thereof stating each loan separately, and the interest paid therefor;

The amount of unearned fire premiums;

Amount of unearned inland marine premiums;

Amount received for marine (ocean) premiums, not marked off;

Amount of all other claims against the company, with a detailed statement thereof;

Aggregate amount of all unpaid losses, claims and liabilities whatsoever, except capital stock;

Income of the Company, specifying,—

Amount of cash premiums received, less reinsurance; Amount of notes received for premiums, less reinsurance; Amount of interest money received;

Amount of income received from all other sources.

Expenditure of the Company, specifying,—

Amount paid for losses which occurred prior to the first day of January last, deducting savings and salvage, which losses were estimated in the last statement at $

Amount paid for losses which occurred during the year, deducting savings and salvage;

Total amount actually paid during the year for losses in each branch, in separate columns;

Amount and rate of dividends paid during the year; Amount of expenses paid during the year, including commissions and fees to agents and officers of the company; Amount of all other payments and expenditures, with details thereof.

Miscellaneous.

Gross amount of risks taken during the year, original and renewal, in each branch of the company's business separatelydeducting amount of reinsurance effected thereon in each branch separately;

461

And

And amount of risks in force at end of the year in each branch of the company's business, deducting reinsurance; and showing at foot, in separate columns, the net amount of risks then in force.

Company being duly sworn, depose and say, and each for himself says, that they are the above described officers of the said company, and that on the

day of

last all the above described assets were the absolute property of the said company, free and clear from any liens or claims thereon except as above stated, and that the foregoing statement, with the schedules and explanations hereunto annexed and by them subscribed, are a full and correct exhibit of all the liabilities, and of the income and expenditure, and of the general condition and affairs of the said company on the said day of last, and for the year ending on that day, according to the best of their information, knowledge and belief, respectively.

(here insert

In the matter of the name of the company). Notice is hereby given that the Minister of Finance has, pursuant to the seventy-ninth and eightieth sections of the Insurance Act, directed assets to be retained, sufficient in amount to cover the full equitable net surrender value of the policies in the above company (including bonus additions and accrued profits) which have not been transferred or surrendered or in respect of which opposition has been filed as provided by the said eightieth section; and the 462

assets

assets so retained are hereby tenderèd to the aforesaid policyholders pro rata according to the aforesaid values of their respective policies. A list of such policyholders and of the amounts tendered to them respectively is hereinunder given, and notice is hereby given that any policyholder not signifying in writing to the Superintendent of Insurance his acceptance of the amount hereby tendered to him on or before the day of A.D. 19 shall be deemed to have refused the same, and the amount tendered may, pursuant to the said Act, be paid over to the company.

List of policyholders and amounts tendered:

OFFICE OF THE SUPERINTENDENT OF INSURANCE,

DEPARTMENT OF FINANCE,

In the matter of the (here insert the name of the company). You are hereby notified that the Minister of Finance has, pursuant to the seventy-ninth section of the Insurance Act, directed assets to be retained sufficient in amount to cover the full equitable net surrender value of the policies in the above company, including bonus additions and accrued profits, which have not been transferred or surrendered or in respect to which opposition has been filed as provided by the said seventy-ninth section. The assets so retained are tendered to the aforesaid policyholders pro rata according to the aforesaid values of their respective policies.

The amount hereby tendered to you, and the policy or policies in respect of which the same is tendered, are given below, and you are hereby notified that unless on or before the day of A.D. 19 signify in writing to the Superintendent of Insurance your

463

, you

acceptance

acceptance of the amount hereby tendered, you shall be deemed to have refused the same, and the amount tendered may, pursuant to the said Act, be paid over to the company.

OTTAWA: Printed by SAMUEL EDWARD DAWSON, Law Printer to the King's most Excellent Majesty.

464

CHAPTER 35.

An Act respecting the Department of Railways and

Canals.

SHORT TITLE.

1. This Act may be cited as the Department of Railways and Short title. Canals Act.

INTERPRETATION.

2. In this Act, unless the context otherwise requires,-
(a) Minister' means the Minister of Railways and Canals;
(b) Department' means the Department of Railways and
Canals;

(c) 'railway' and 'canal' mean and include respectively,
every railway and the rolling stock thereon, and every
canal and lock which belong to Canada; and every railway
and the rolling stock thereon, and every canal and lock
acquired, constructed, extended, enlarged, repaired or
improved at the expense of Canada, or for the acqui-
sition, construction, repairing, extending, enlarging or
improving of which any public money is voted and appro-
priated by Parliament, except works for which money has
been appropriated as a subsidy only, and all works and
property appertaining or incidental to such railway or
canal, or which are placed under the control of the Minister
by the Governor in Council. R.S., c. 37, s. 1.

DEPARTMENT OF RAILWAYS AND CANALS.

Definitions.

3. There shall be a department of the Government of Canad:: Departwhich shall be called the Department of Railways and Canals, ment. over which the Minister of Railways and Canals for the time being, appointed by commission under the Great Seal of Canada, shall preside.

2. The Minister shall have the management and direction of Minister. the Department, and shall hold office during pleasure. R.S., c. 37, s. 2.

4. The Governor in Council may appoint an officer who shall Deputy be the chief officer of the Department, and who shall be called and officers. the Deputy Minister of Railways and Canals, a secretary for

the