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HomeMy WebLinkAboutThe Signal, 1913-6-5, Page 4Tlamnna'. 3mra 3, 1111113 Canada' Security Assurance Company Head Office: Calgary, Alberta Capital, - $1,000,000 INCORPORATION The Canada Security Assurance Company was incorporated at the last session of f the Legislative-Assengbl of the Province of Alberta, with an authorized c,a if it �y of increasingthat amount to $ 1,000,000.00 �i500,000.00, and has the privilege the. should be found desirable to do so, byresolution to that effect being paw by Shareholders and certain notices being published in the Alberta Gazette. 73I1EW7QTO31ELg63CI3 At the organization meeting of the Shareholders ot the class of business. His important position enabled him to gain a Company, held on April 121h, 1913, the following directors were thorough and practical knowledge of Fire and Hail Insurance, and elected for the current year : Mr. William A. Lowry, Mr. William how they must be handfed to successfully meet Western condi- A. Rogers, Mr. W. R. McKerlie, Mr. E. M. Whitley, Mr. T. B. tionsMr McKerlie having made a life study of the subject, and Redding. Mr. William A. Lowry, President and General Manager of knowing intimately as he does, the recurring frequency tit had Lowry's Limited, with offices in the principal cities throughout storms in every locality in the West, and having successfully Canada, has been elected President of the Company. Mr. applied this knowledge in handling the Hail Insurance business of Lowry has for many years been connected with the Insurance the oldest and mora successful companies, no new Company business as inspector, General Agent and Adjuster. He is could enter the field with a greater guarantee of a sate and recognized as one of the leading Insurance men of the West. profitable business. His Insurance connections have always been of the highest Mr. E. M. Whitley, appointed Secretary Manager, has been character. Companies he represents have always enjoyed an for some time manager of• the Fire Insurance Department of enviable reputation for the prompt payment of losses and for Lowry's Limited at its Head Office. Previous to his connecting square dealing. On these principles Mr. Lowry has built up a himself with the above firm he was engaged as chiet underwriter business, and a reputation for solid and sate business, second to of the Occidental Fire insurance Company, with which success - none in Western. Canada. tut institution he has had practical experience in all departments Mr. Witham A. Rogers, Vice President of Lowry's Limited, of the business for a period of over ten years. He is thoroughly has been elected Vice President of the Company. Mr. Rogers acquainted with the conditions prevalent in Western Canada and has charge of the Branch Office business of Lowry's Limited. in the matter of aggressive, conservative and profitable under - His many and varied connections have been and will continue to writing, Mr. Whitley has few equals, as is shown by his record. be of great value to the Canada Security Assurance -Company. Mr.F.B Riedd�lg, Director and Chief Inspector of the For a great many years prior to his becoming affiliated with Occidedtat Fire Insurance Company. Mr. Redding'* particular Lowry's insurancece, he controlled and Americanaone of the largest field is the Provinces of Manitoba and Saskatchewan, where he Casual ,ife, she nil kind the continent,xehandling has made a record in securing business for his company, not his noted, Life, Fire and kindred i er His ripe Organizerence and equaled h any other rtlan in the business. Mr. Redding is re - recognized ability o t Underwriter and Agency Cmpis arded as one of the most successful and aggressive fire insur- in continenttom Coast to Coast. Many of the largest Companies ante men in the West today, as well as the most popular. in this have bid high for his services and his connec- tions, but the opportunities in the Western Canadian field has it will be seen that each director is a practical insurance man, for the past few years appealed to him more strongly in its and having had long experience in the field in which the Com - possibilities than any other locality. This Company is fortunate pany will operate, they are able to bring to its service, from in securing his services as Director and Vice President. among their old acquaintances, the best local agents to be Mr. W. R. McKerlie, appointed Treasurer of the Company, obtained in the held. Their connections will be invaluable to the was formerly manager of the Hail Insurance Department of the Company. For many year. these men have been building up Western Canada Fire Insurance Company, and from the time of their experience, their reputations and their judgments, and a its organization in 1902, was connected with the Central Canada great deal of the prosperity of the successful companies they Insurance Company, in the important capacity of Underwriter, have been associated with, is due to their ability and faithtul with particular reference to its Hail insurance business. This service. It will be seen, therefore, that a solid foundation has Company was the pioneer joint stock Fire and Hail Insurance been in -the process of heing laid for a perk d ot many years, and Company in the West, being the oldest company doing the latter .. the present Company receives the benefit. ,g, EI c T ORCIA IVI$A.TIOM In addition to having the best available talent at its stitute a handsome premium income. A fact alone, that should disposal, the Canada Security assurance Company has been able be well noted, is that a large percentage otthese agents are stock - to avail itself of what is undoubtedly the largest and most effi- holders in this Company ; this insures their best efforts being tient General Agency Insurance Organization west of Winnipeg. directed towards insuring its success. This comprises between ' 30o and 40o insurance men, who are thoroughly experienced in Insurance Underwriting under West- A remarkable feature of the business written by this organi- ern conditions. • This splendid force of agents, as a result of zation over a period of tt.e. last seven years, is that the loss "years of organization by W. A. Lowry, who is general agent for ratio has been less than 15", of the large premium income written. :a number of leading Board, Fire and Hail Insurance Companies, This. speaks volumes for careful, progressive and profitable controls a volume of business in Alberta alone sufficient to con- underwriting. 3313-13IATIISSt The Company will transact Fire, Lightning,'and Hail Insur- and expand for many years to come, as well as h.indreds of new ance husiness throughout the West, for which protection there is towns that will vet come into existence. The fact need only ti an ever increasing demand in consequence of the steady incoming be quoted, that between 30o and 400 i,ew towns came into immigration. Enormous quantities of new buildings are being existence in the Westaast year. •lt is to take advana¢e of this erected, not only throughout the country districts, but in villages, wonderful openingtand the wonderful development of the last towns and cities. those existing are and will continue to build best West that this Company has been formed. BtrfEIXATEISI3 1:01:teOSP100031'23 During the first year the Company' will Devote special advantageous treaty arrangements have already been offered. attention to the Hail Insurance branch of the business, that being the most profitable, and organization for which the most quickly accomplished. This line, it might he said, is comparatively new with most companies, but in Mr. McKerlie and Mr. Whitley, upon whom the detailed management of the business will chiefly depend, the: Company i' fortunate in having two thoroughly experienced officials, one of whom has had almost as long expeti- ence as any in the West, and from the experience of past years, we give the following information relatiie to the•loss rate of the business as found to be by the oldest Company in operation • (Central Canada) : Coverinta period of eight years in which the Com- pany wrote approximately 59,000,000.00 insurance: The loss rate in five of these years on 54,151,000.00 of total risk was under 51.75 per 5100.00 of risk. The loss rate in seven of these years on 58,280,00o. - 0o of total risk was under 53.60 per 5100.00 of risk. The average premium rate that the Company, will charge for this year will be, in Alberti. 57.60; and elsewhere 56.60, ..o it will be seen that on this basis there is every reason to expect the returns to be profitable over a number of years, and an invest- ment in the stock of a Company transacting the business to he prudently made, as has proven to be the case in the two Com- panies which were first in the field, namely, the Central Canada and the Hudson Bay, the former having paid stock bonuses of 400% of the amount paid by the Shareholders on the stock, besides cash dividends at the rate of 6% to 18%. and the utter Company has paid in bonuses loam besides cash dividends of 151,. The total expense of operation will range between 25'1 to 35%. This will include all General and Local Agents commis- sions, salaries, printing, etc. The Company have practically completed their agency organization and a great deal of business is being already writ.en. The territory has been divided into conveniently sized districts and the best Hail insurance men in the districts secured as our agents ; in most cases he is also one SPECIAL NOTE : All shares in tins above fAmossiss have bees of our stockh ,lders. Judging from the amount of business written by these agents in past years the amount of premium soli lie tie same basis : *100.00 each. 10 per cwt. sed income the Company will derive from its business this year will beans cash. be approximately 51oo,000.00. A large portion of this will, of has ever sale a *occas call course, require to be insured with other companies, from whom No Comw y Steck is sew swain at 120. i. =100.00 a share with a premium of $20. Toms 10 per hast. cask aad premium, or S30.00 per Aare. There is so ribs}• eel whatever of a naiad al seer heist nolo 1'jM eabecripthis Sat deans es "isturi•y, )ase 14th. 1913..a4 u 'sly 450 '`ares are heist n arvei for Easters i■easters. we eve istasleg an to seed is their applicadeas ifillardiatsiy. This aeaaee'a premiss looses alms* esosear"$.500.00 sad Ila ad,isr frani Raul Offi s swiss dist an Meaiist is at the rale of $1.5011.1111 par day Amy further iisterssstiss that may be ra*iind w be &srfs*y gives apes 4/IMatws to Assuming that the Company write only 11200,000.00 of gross premiums, it would be fair to assume the net amount. atter paying commissions, expenses, etc., would be 5140,000.00. If the minimum, maximum and average loss ratios, as given above. are figured out on the above ,basis. it will be seen what large profits there are in the business. From the fact that these profits have been made by companies already doing business tor years in the field, inakesothis one of the most attractive invest- ments that could he offered. Car•.tul underwriting and careful management are two great essentials to success in this business, and as previously stated this Company is particularly fortunate in its choice of directors. It is also seen that they have the organizatiun ready at hand and are now securing the business. The directors desire to place between 550,000.00 and 5110,000 0o of the stock of the Company. This will not be offered at less than a premium of $20.00 per share in addition.to a call of to't, on the stock itself. A simple calculation will show that the minimum possible profits will justify much higher price: The following statement, taken from the Insurance Blue Book, which is published annually by the Dominion Government gives a very good idea of the dividends paid : \'.ME OV COMPANYI uarpit• over an itis fitided- War Paid ay c.liiwl Stock 1Jlvidetsdtt Palt, Last Annual Dividend American of Newark Atlantic City Ftre Acadia of Halifax Canadian Fire & indemnity" Central Canada Ins. Co. Hudana Bay tort. Co. Canada National. i fiaakakeonl OcMdental Fire Ins. Co.. i Manitoba) Fernier.' rnenrenee Co. $?.969.448.00 145.443.00 160.436.00 23.3.907.00 24.414.101 56.142.00 30,000.00 64.635.00 114,680.00 100% MO% (Hash 400% (Ball) 100% (Hall) 100% (Hall) 900% 700% 94% 11% b% a% 15% 7% 10% le% leg inane M. HAMILTON OAKLEY, C. A. MbUllisMi rt has ss. M/ah► Finland& Manager, L.owree Limited, Fisoa•1 Aiwa* THE COLBORNE STORE VIA L UES I We wish to emphasize the word VALUE. The principle up- on which this business is built is value giviaw. The best quality and the greatest quantity for the lowest price consistent with modern merchandising. Such has been our method of winning the confidence of the public and such will al- ways be our plan of holding that confidence. Embroideries Corset Brnbloideries, • special lot, 17 to In inches wide sr 1 So Flouncing*, 12 to 13 inches wide, 15c. Thews are extra values. Twenty -seven-inch Flouncing 40t. 46c, &lc. 60c. Forty -five -inch Flouncing* 48c to 426. Hosiery \Ve ere adding to our hosiery stock every week. We have the teat 2 for a quarter how now that we ever offered. S e of them are worth nearly twice our price. Ask for Rlimn Hose 25c, Sbo and 50o, new Radium. All -Over Laces in white, black. cream, navy, grey. blue and green, and prices are from 25c to 08.00 a yard and 38 patterns to choose from. GINGHAMS A Big Bale of Gingham/. 45 pieces' about 1,300 yards of the best Rnglish and bicotch makes. Regular prises 12lic and 15e and you can buy thew on Saturday and Monday next at 11c• Cloth dependable and colors tut. Cotton Suitings Our stock was never so large as now in many of the new makes. Foulards, Bedford Coeds, Crink- les, Lemons. Galeteas and Voiles., Prices 15c, 26c, . 30c, 35,-40c and 50c. Lawn Waists Never had we so mauy in stock as we have Low. Prices from 90c to $3.51. These Waists come to us direct from the makers and we know our prices are dead right oo them. We are show- ing three dozens tailor-made. )rut in direct from a New York factory. Prints We never had better value in Prins. Crest Brand cloth. standard weight and000lorr absolute, 31 to 32 inches wide and our price is only.. 1Hie J. H. COLBORN9 ST. AUGUSTINE. tseo. Webb 58 dosis on the tick list Jas. Saun- Taaaosr, June dyes. Ren Crawford den had a bee last week to tear down David then the old bridge Duet t race at the 'Walter Wilson 53 the He has a fine new bridge erected Donald Murray 49 now. which is quite an improvement on the old one ... Jas. Keckley and Thompson, Mise Mary Ada Ber at- 451 Richard Job 1st on have each got Eng - and Mao J iiephine McAllister at- IIerutievt under tlfiy vrars of age. hap im,nigrants to het nthem through teoded the WVomen'e Institut.emeeting I Isaac Miller.......... i tbesunimer 'Joe Ward. of Belfast. t. Clinton lost Thursday Wm. '''•'•. ' 1:.oherton and Joseph Wilson, of David McAllister.... 83 I was helping Jas. Kickleyh rt went.... p (Jame'* Pardon Roy Alton, of Lanes, visitedfriendgon auburn, called on friends in this ricin- Ambre", /3"25.Yfila this line yesterday . A meeting .1 ' I y this week. , . Mr. and ides. \Yil- Oen. eaogoSO tbe beef sing was held on Friday even - Pain McAllister visited Br•tiosels and A. R+�llipron • ® ing to iboseder the advisability of J ,wesrnwn friend, this week Charlie Elliott....+ fila running the ring for 191:1 It was de - friends (fro. Brophy cif ited London Thomas Allio. 50 eided to keep it going if possible friends recently .. Oswald Pollard; _ - The local uudents of Lueknow spent Gus. and Joe Leddy ase shingling Oslo. 481. the week -end at their reaps+ (ave home'. Brophy'e barn endrhe3 this west. here Mr. and Mn. Altiett Alton itiPi z Suors.-There was a good MAFEKINU. r visited friends here on dttad ty. attendance of members at the rifle ranges last Saturday, it being the first 31osn�y. June '2nd. shoot for the salver .. . The eau- Ntiwa.)PT1tawEax,_-Qeileannm• Two loads of the wrmlaen of the payers or the township of West We- her of the young foss,.. ar+nrrrd N.re, C. O. F. went t+i Clinton last .yunds% wanosh 11+1.1 is very aster,sfut *want^ attended the i.. • e";1711. at Nile' and joined with the biethr•n they' in ing march on the rang. tree I+s(i .h,ir on tnod . +�' tt.. are : their church rode. In There ere 1 Thursday afternoon. '1 hers wit* a ,+arty to rep.rt 1ler eut.,inr.l Iii• er of : good att.rdonnce and very , raid r• or- Robert �� itirbatd Fmlry large turnout -140 in line. ing was done, coed the h th• t•igh wind, which affected thesh..,tine cry much. especially on 'lie bat -yard range. ' There were seven le isea in all, 1 first, second and third pi lies for the three highest scores a > rr.enibers 1 aver fifty pears of age, there pr rz a for the three highest scores by roeuihers under fifty years, and a sweepstakes pi rze for the highest acorn. The pr ire- wiune•• over flit y years were (possible 1 70 point.): 1.1. Joh*, \VtMter, 82 point._; 2.d, William Nrtt•.illan. Of: 3rd, ot,rtt 3i. Athater. 50. Under fifty years of age -Geo. Stuart, fast c Mil rr anal David McAllister Were ties, each tusking 11-1 ta,inia nut of a porsitdr 711. They had t,. do acme extra shoot- ing to decal.- the winner. Geo. Stuart came out ahead by two points in the first round and I. Miller and D. McAllister were again Gee. w they bad to shoot once :none and I. Miller won by one point- Therefore the first prize went to Geo. Stuart : second to isaar Millet ; third to David McAllister. Geo. Stuart won the sweepstakes prise for the highest score. A tea/sof eight members over fifty years of egos held a match wit.b eight members under fifty years. The members under fifty years won by thirty points. Followiog are the scores (possible 70 points) : Members over fifty years of see. John Webster tl0 Wm. McQuillan • ,en Robert McAllister. ir0 t42 -Mr. and Mrs. Evans, of Hullett, visited at .Mrs. John Tbomp- con's last week.. ...Miss Rebecca • t • It emeatiserett a fires. Uric Asia till is Use Whys/ by isordwr leaser, lodges Meng tier sev*r which breeches bow elle eye ewer the O rsheat,end nacres iae elms! le els stns et the mews The awes is Ms err r es he all aae,d d dor" The arab WWI tar swiee-.• Dodd's Kidney Pills eSheid%/smiAe an NkirtyVt .09whaYe one of Ours ..-kr CAL .1, aw+-L's- a Young man, if you have taken on a "Shine" to a girl, take off your shiny clothed and put on a suit of our brand new ones. New clothes will not only help you win9 irl but earn more money for her. We've got the good clothes and will sell them to you as low as the high quality will allow. We've got the good socks, ice- cream underwear, ample shirts and ties In every hue of the rainbow. WALTER C. PRIDHAM We sell " 20th Century Brand " Clothing 11111151111111111.11.1.1111.11