61
TABLE XIV—Contd.
Statutory
Name of Company
Deposit
Nature of Securities Deposited
Required
31.3.62
Middle Market| Market Valuc
Price on
as at 31.3.62
$
Pacific Life Assurance Co., Ltd.
50,000,00
$50,000 Fixed Deposit with Banque Nationale pour
le Commerce et L'Industrie
Public Life Assurance Co., Ltd. Sincere Lafe Assurance Co., Ltd. Tai Ping Life Insurance Co., Ltd.
---
50,000.00
£4,900 31% War Loan, 1952 or after
200,000.00
134,033.06
$200,000 Deposit at call with H.K. & S. Bank, $134,033,06 Fixed Deposit with H.K. & S. Bank,
H.K.
H.K.
| ཤྲཱ ]
56
50,000.00
43,904.00
Tong Ah Insurance Co. (H.K.) Ltd.
50,000.00
$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
$200,000 31% H.K. Govt. Rehabilitation Loan,
1948 $70,000 Fixed Deposit with First National City
Bank of New York
73
14
146,000,00
...
70,000.00
West Coast Life Insurance Co.
200,000.00
£6,875 Fixed Deposit with H.K. & S. Bank, H.K. $10,000 Fixed Deposit with H.K. & S. Bank, H.K. £5,000 3% War Loan, 1952 or after
110,000.00
10,000.00
.
56
44,800.00
200,000.00
200,000.00
58,768.25
Wing On Life Assurance Co., Ltd.
Yick Kwan Life Assurance, Lid.
Notes:
$200,000 Deposit at call with H.K. & S. Bank,
H.K.
$58,768,25 Fixed Deposit with H.K. & S. Bank,
H.K.
* 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).
21st May 1962.
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, 17th July 1962.
W. J. D. Cooper, Director of Audit.
58,768.25
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