68
Name of Company
TABLE XIII-Contd.
Statutory
Deposit
Nature of Securities Deposited
Required
$
Middle Market Market Value
Price on 31.3.63
as at 31.3.63
Pacific Life Assurance Co., Ltd.
Public Life Assurance Co., Ltd.
...
Sincere Life Assurance Co., Ltd. Tai Ping Life Insurance Co., Ltd.
:
200,000.00
$200,000 Fixed Deposit with Banque Nationale pour
le Commerce et L'Industrie
200,000.00
:
50,000.00
$13,250 Fixed Deposit with H.K. & S. Bank, H.K. £4,900 31% War Loan, 1952 or after
13,250.00
60
47,432.00
200,000.00 134,033.06
Tong Ah Insurance Co. (H.K.) Ltd.
50,000.00
$200,000 Deposit at Call with H.K. & S. Bank, H.K. $134,033.06 Fixed Deposit with H.K. & S. Bank,
H.K. $50,000 Fixed Deposit with H.K. & S. Bank, H.K.
200,000.00
++
134,033.06
50,000.00
United States Life Insurance Co. in the City
of New York Ltd.
200,000.00
***
A
West Coast Life Insurance Co.
200,000.00
200,000.00
58,768.25
$200,000 31% H.K. Govt. Rehabilitation Loan,
1948 $70,000 Fixed Deposit with First National City
Bank £6,875 Fixed Deposit with H.K. & S. Bank, H.K. $10,000 Fixed Deposit with H.K. & S. Bank, H,K. £5,000 31% War Loan, 1952 or after $200,000 Deposit at Call with H. K. & S. Bank,
H.K. $58,768.25 Fixed Deposit with H.K. & S. Bank,
H.K.
+--
65
130,000,00
70,000.00
110,000.00
10,000.00
604
48,400.00
...
200,000.00
58,768.25
Wing On Life Assurance Co., Ltd.
Yick Kwan Life Assurance, Ltd.
Note:
* Under the Life Insurance Corporation Act, 1956, of the Indian Legislature, the Life Insurance Corporation of
India has taken over the entire business of the Bombay Life Assurance Co., Ltd. and the life insurance business of the National Insurance Co., Ltd. which, however, continues in existence as a separate entity carrying on other types of insurance business. The Life Insurance Corporation of India has been exempted from having to maintain any deposit other than the said deposits of the Bombay Life Assurance Co., Ltd. and the National Insurance Co., Ltd. which are earmarked in respect of the life insurance business of these companies. † Gross amount payable on outstanding policies at last actuarial valuation on 31.12.51.
CERTIFICATE OF THE DIRECTOR OF AUDIT
W. K. THOMSON, Registrar General, (Registrar of Companies).
23rd May, 1963.
The above List of Deposits has been examined in accordance with Colonial Regulation 257. I have obtained all the information and explanations that I have required, and I certify, as a result of this audit, that in my opinion the List of Deposits is correct.
AUDIT DEPARTMENT,
Hong Kong, 8th July, 1963.
W. J. D. COOPER, Director of Audit.