52   BEST'S INSURANCE REPORTS—FIRE AND MARINE.

BRITISH COLONIAL FIRE INSURANCE COMPANY,
2 Place d'Armes, Montreal, Quebec, Canada.

LIABILITIES, DECEMBER 31, 1919. Losses in process of adjustment, $8.803.23;

resisted, $5,825; total    $14, 628 23

Unearned premiums    111,785 46

Estimated taxes hereafter payable    4, 000 00

Funds held under reinsurance treaties    61, 126 79

ADMITTED ASSETS, DECEMBER 31, 1919.

Bonds and stocks owned (market value)    

Interest due and accrued thereon    

Cash in banks and office     Agents' balances not over three months due.

Bills receivable taken for fire risks    

Other admitted assets    

$170,714 32 3, 733 62 90, 193 65 24. 598 75 1, 799 50 10.863 35

TOTAL ADMITTED ASSETS    $301, 903 19

TOTAL LIABILITIES, except capital..   $191, 540 48 CAPITAL PAID UP, $248,670.

SURPLUS TO POLICYHOLDERS   110,362 71

TOTAL   301. 903 19

GENERAL REVIEW.

History.— This company was incorporated in March, 1909, with $2,000,000 authorized capital. of which $500,000 was subscribed and $150,000 paid in. It began business on June 1, 1912. The par value of the stock is $100 per share.

In 1912 the subscribed capital was increased to $1,000,000 and the paid-in capital to $170,000; a premium of $20,000 was collected that year. In 1914 the paid-in capital was increased to $170,350, and $350 was collected for surplus. During 1915 the paid-in capital was increased to $218,-877.50, and a premium of $29,650 was collected. In 1916 the paid-up capital was increased to $219,805; in 1917 to $220,135.70; in 1918 to $247,041.34 and in 1919 to $248,670.

On December 31, 1919, the capital was impaired $138,-307.29.

On December 22, 1914, the company reinsured the out-standing fire risks of the Central Canada Insurance Company of Brandon, Manitoba.

Management and Reputation.— The company is under the management of Theodore Meunier, who has had many years' insurance experience. In 1906 he accepted the managership of the Dominion Mutual Fire Insurance Company of Waterloo, Quebec, which at that time was in bad condition. In 1908 he became the manager of the Providence Mutual Fire Insurance Company, of Montreal. In 1909 these two companies were placed in voluntary liquidation, he being appointed liquidator.

Affiliations.—Canadian Fire Underwriters Assn.; West-ern Canada Fire Underwriters Assn.; Mainland Board of Fire Underwriters; New Brunswick Board of Fire Under-writers; Nova Scotia Board of Fire Underwriters.

Class of Business Written.— Fire insurance.

Territory.—It is operating under a Dominion license in all the provinces of Canada.

Officers.— President, I. L. Lafleur, wholesale hardware

merchant, Montreal; vice-president, J. B. Morrissette, insurance underwriter, Quebec; general manager, Theodore Meunier, Montreal.

Directors.— The above officers and

Azay. Luzarche-d', proprietor, Paris, France.

Denault, D. O. E., merchant, Sherbrooke, Q.

Descat, Dupont, proprietor, Paris, France.

Des jardins, L. H., merchant, Terrebonne, Q.

Drouin, Nap., manufacturer, Quebec.

Huard, Eusebe, merchant, Lake Megantic.

Jessaint, Vicomte de, Paris, France.

Patenaude, J. Leon, importer, Montreal.

Propper, _Michel, banker, Paris, France.

Roberge, Hon. J. E., legislative councillor, Lambton, Q. Spycket, Jean, Paris, France.

Turgeon. Hon. Adelard, legislative councillor, Quebec. Stockholders' Annual Meeting.— Second Thursday in February.

Miscellaneous, 1919.—Net losses incurred, $131,492.45; net risks in force December 31, 1919, $22,265,685; net premiums in force, $295,578.11.