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TABLE XV-Contd.
Statutory
Name of Company
Deposit
Nature of Securities Deposited
Required
Middle Market Market Value Price on
31.3.65
as at
31.3.65
Old Republic Life Insurance Co.
75,592.71
---
Pacific Guardian Life Insurance Co., Ltd.
170,000.00
$75,592.71 Fixed Deposit with First National City Bank
$50,000 Fixed Deposit with Bank of East Asia Ltd. $120,000 Fixed Deposit with Banque Nationale pour le Commerce et L'Industrie
75,592.71
50,000.00
120,000.00
Pacific Life Assurance Co., Ltd.
200,000.00
$200,000 Fixed Deposit with Banque Nationale pour le Commerce et L'Industrie
---
200,000.00
Public Life Assurance Co., Ltd.
200,000.00
Sincere Life Assurance Co., Ltd. Tai Ping Life Insurance Co., Ltd.
200,000.00 189,318.60
$200,000 Fixed Deposit with Hang Seng Bank, Ltd, $200,000 Deposit at Call with H.K. & S. Bank, H.K. $189,318.60 Fixed Deposit with H.K. & S. Bank, H.K.
---
200,000,00
200,000.00
LLI
189,318.60
Tong Ah Insurance Co. (H.K.) Ltd. United States Life Insurance Co. in the City of New York Ltd.
200,000,00
$200,000 Fixed Deposit with H.K. & S. Bank, H.K.
200,000.00
200,000.00
---
$200,000 34% H.K. Govt. Rehabilitation Loan, 1948
---
644
129,000.00
West Coast Life Insurance Co.
Wing On Life Assurance Co., Ltd.
Note:
200,000.00
200,000,00
$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.
---
70,000,00
110,000.00
10,000.00
55
---
44,000.00
200,000.00
71
* 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 Dombay 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). 14th June, 1965.
The above List of Deposits has been examined in accordance with Colonial Regulation 257. I have obtained all the infor- mation 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, 5th August, 1965.
W. J. D. CoOPER, Director of Audit.