The Ontario Scrapbook Hansard

Ontario Scrapbook Hansard, 11 Mar 1885, p. 3

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. t- 'e _ _ v' - 'fi number of farmers meet ae,')' "d! form we gunmen. He believed the proposition :of the Public powers of commissioners. Reported. of these common» for the purpose of securing Hon. Commissioner of Public 11ro.ru Watg n 1th's1'ECNNG WAG low rise!" insurance. Take the csse of s COHI- tt,',t,t,bt ',',t,n3'dl""" and trusted it would be M MEREDITH L' m. puny "in sbush fire, and lar 5 numbers of Irons? Bupporre . l ' r. _ i , , --Bill .- . poor people: would have to be p351 their insur- .Mr. BADGEROW painted out that the Come Rrapuvrcui. r Ipecting "3°" once. Does "y on, mean to "y mittee to whom .ut.Biu had been referred had Alon. .9. ,MOWAT, in enemy to Mr Mer THAT THE DOUBLE Assrsssisxr considered the objections ofthe. mutual 'tttistuatttttt l dith, said the Land Transfer Bill would . b bl.- companies. The lresson, he said, why there had come up again on Mondav pro tt ' 'Pefe",t to PV. these would not lv, rt" been no deputations to support the Bill was Lie-l The House adjuruod atllr") Iliad if .the suits bed to be entered p, cause those who {aeovrod it were not; orginized .... . Ile,, 13:31:? 33:32: "I: Y'", J/l/I' Ill-veg; themme as the companies. It was unfair to say 1 of suits for the Iranian. (mil "lid ciiiiiitiy ttte::,"':',':',,.!,',',!,',',"",,"::,',)); ll/VY/ri'",;):') would see that these companies tmld not colfcct d t t k2,": iii,' PW?" a in? h; £1";th tdit edt tteh,',',',',.',",: :32": IrAuti,,r cinrjital, t'e tlpce/ct' I o? ltliiigliviii. l,i'cv,i',e'i,s'.,12,"niy oft, 'ltii')1',e"f'lr11.1lf,' . 'un . 0 " 9 " urious r a ec PU. would not suiiicieutly protect those who did not Again. no ubliy demand had been shown to oxmtl undiprhgumi w rv wall the contracts the . entered for the Bid: tiotasingle 'potition had come in ou insuring. For thcse "you. he 'ori,ts').li' it ft,', thedBilll, and not sTsiiiIzle newtipulrer had and supported the 1rli. 'et/lt,,',"),',':,')?],:"',')'),,",',,,," 2:41:73 if: 1:31:13; r _Grlro'(-).N wow nsrrtrtd with . ttra i. . ' F ' IT deal ol what the hon. member for North Brint In the law, as the some arguni. in. Inigat be . . ' T ' . . . applied to all other companies, such m had Salli, that if this Bill w.".' not going to injure banks and other similar Institutions 'i'hor "maul-h Companies he would not bs "0 muci . , , ' C' I excrci.swduhoutit. lie also thought there was system of mutual Insurance Cllmpulllel h yd. ' . . l , l b been greatly extended of late. and they had new f, are», forms in the, statement t Int there . Ind sen t ' .. ' ' no riquu'siorttiitioits in Kit! to the House. in favour become stringiy established, and it was tlieie-l . .- , . "t _ b fore too bad that just at this time a Bill should ot Ir/jj) NN "he "sstuudarttq Will be no better be passed that would strike n blow against tliol "truth" in? imam!" the communes will be . capital of thehnutual itoutunee companies, which ', grolc. "10:" ""1" oif. is their premium notes. It had been shown tint I M r. L'ly)l9r',it held that tho Bill would help there are few suitsuiiilor the law asitttow storms. l rather than injure the companies, because a and he denied that there had been any gcnrml print many p -op'.e would insure. in them now but submission to injustice rather than defend a suit. tor the fact. that they we" liable to be "Nd The Inspector of Insurance Comtrw,ies. Mr. in the Division Court nearest, tho lies/i offie.e. T Hunter. says that it the Bill passed it wou'rt In lion. o. 1IOWAT said in this thi n2 all desired impossible for him to estimate the assets of the tho some 'hiuat---ro do tho best under the circu m- companies as he would not be able to tell what Hi:'.lll:"~'. There was no one parsotvtlly concerned, the piemium notes were worth. The effect, of tho and all "vi-m e-ule.iviiiii".iir: to do the best for the Bill would be to conhne the smell Companies to pubic good. Even if Mr. O'Connor could not small areas, and thus make them Weak. :s a lire Sili'Cdrlnlll lvgi'oxst the motion of Mr. Fraser. in thelocahty.woui.d run: them tturl prevent the stid il' would have tueenrnpha'ued a great good. larger companies almost from doing business n: " was no'. tuCeMrtry to argue that mutual com, all. ponies. were neAh"s8tv. That was admitted. Ex, IN ORDER To snow p'rts in instance. matters concurred in necept~ . ' . . . . , "it: the tv.nendmeut of his hon. friend, while the magnitude of the intetystittyohied, he Tyy'd thev soil that, the Bill would be destruction to put the House In possession of a few slaintics thut " ti t it . ll t d bt. regarding the companies involved by the Bid. liil u, _fr il" l "as" at '- t'"'",', 5d on. There are now m the Province of Ontario Til Ito wl. Bi {ml}?! tl 'ill' . 6:.le dun or it. purely mutual companies ltllllont solely Carri: d , " . "if A." l " M .lljlttd rerun a ere-mi?! m-"E; on by iurinors. There are six mutual coinpzmios 'll") I',?', gun $910le "9 IIT, "1' tl w gig who also do in. cash business, and one conspinv '/, "(30"; 'fl ""4138 It? IJe.rtnit e; Jd,", o m;- hnving it Dominion charter conducting n l Itt' . y Th :8," be; ted", um companies tun , insure". mutual business. At the cud of irtcembcr, lmo, Ill "1"" yi' tr t m "alum"; no l". we? so Ill',', t these companies hsd outstanding '.)s',0l0poiu:o d. l lv- u." .n" my .6 c "will"?! o co ee", . . . r', F - tlnun all me: the c mntry. but iii the aggregate They cover insurances to the amount of ..-!Ili,- tl P , t lt id , bl d h 168,000. This is an enormous amount. and shows wiry, Il',,'.'),':,":,' L' n mum" "It; , in"? au ti us $23553: ital:initiators.saith:50%"; 114358- MCrott " o carry on tur usaMr" a War i A 'u E ' il amount during 1884 had been inciezwzd by hi. l Mr. l'_lirirn'r.s' mid it 'et.not rieht that they. least 85,000,000, which makes the whole amount f"fi"i1r",' should make l failure, levy an asset» outstanding last December 8112,000,000. He nlso ttwut, "n.d. crotru"ll collection " the head office' proceeded to give the results of the calculation lle cr:u-'tl tret Tn" oit.t ot ten men. ttmural in showing about what amount had been suited to tty)' ttul 1coltlr'aiuu'-4, to 'iib'Y, 3 puttttort m favour of the people of this country under this system, and tlm l',dl, because they did not 1o?k upon them- while the fitturem which he gave were not ad. snlvcs as ttorw.uilsors "Hum 00mmme" He wouid vanced us being like to we the Bill tried for one your unyw.'iy.and ABSOLUTELY comma llllllio neoplasms thfn were closing their don-s low ( i "ll ft Cot'. ' impun It. yet they had been carefully compiled, and he . Mr. Mr'.llRrCls" spoke in favour of the Bill as could promise the House they were auproximato- it hvl britt mtroduccd. ly so. dividing the amount of the assessment into l Tm ntivar:r.hn "lit "'53 then put and earriod on the amount at the property at risk. In the purely ltl.. lollnrini: division t--- mutual companies we tind that the rule which l VrAc-1.rtscys Ilullantrne, ilislion, Blozard. is charged to those insured is 19e on the $100 I Il,'ytlsv, (overdo. "wooden. (lllla'llulm. (Honey. and this spread over three years would mahoi ""13""le "WNW". Domino. Dryden, h'cll.l"'errie, 57e on the 8100. This is the average for tim (In "/f: f.iip,,1'.)11y; tool. (ribsull i,,ult,r1'y,), (lould. whole of tho companies. The rate of some of ir, ll) 1/riy,,"il,j.r.ua/ieis",,1i1r, 1r'hi',t,',l!,','gs,,,:ilfu"yt. them is very much less ; indeed, he know Com" '/'it/c'ii,, . .rc/iii'crf,r,." .'ilusrer: ii/,i%fiiir Monk. ponies where it does not cost 81 to 85 "3 Cum; ar- Moi-m, I!it -.in. Uowat, xenon, Pardee, Sills. 1 ed With stock companies. Now, it is Well known tici lcr, Wtt'cis, Young-C. that the stock rate for farm risks is 81 per i't o, N in -.'.Zc bl". Awrev, Balfour. Brvrknrville. under similar circumstances as :tho 57c is clini'g- ICcgt; I', lli'lfl'vlvn. Urmlei'. CalJwall, (look. Dill, ed for, and this is a sailing of 43:: Con every 8100, 1.rveu'-.tu. r'v,t',1ty,t:, (liilice, y'ynty, "ttstty', Hudson. l Wimt i, the result, therefore? 1-»an-l':i'::':..l.:;°~.:iizflzl'nzttlt'"(aentree?that ) We" 8242,000hto boon oavod to the iartnert of Well). no; (Huron), wnne'. "deemed. Winner. i this Provutca by the purely mutual companies, Woini---U. l and adding to. that win the saving effected by Paiiid--1j, Ihtduorow. Mr. Clarke. l compnme- dome partly mutual bushels it. will Tho House went into Cornmitteee on the Bill, amount to 8460,0uJ. In conclusion he pointed Mr. llnxtor in the chair. Tus Committe rose and out that for several years the joint stock com" reported the llill as amendqi} ponies bad Conducted a crusade ngninst the 7 l . mutual companies. The latter had been written SEC03D READINGS. down in the press, tarilf associations. had been Mr. Giliies--To amend the Municipal Law. formed, and every metu" taken to bring about a Mr liilhcs -To rcgulate the sole of ht rues line collapse of the mutual companies or force them to {mild . . raisitheir rote: to those charged by the joint pm; - "cariwa.-To amend the Asmvtsment atoc comp'tums. . In"; . A,ri,1Sl,ol'i/'.pht at 1,t,','2,dtht,ut'rrigt, of M": Ill r. 1re-1J:et,t--To amend the Municipal Law. . I l '0" on. e t a do comp"? Mr. tiouid-r1'o amend the Municipal Law. we should not be pleced in a spocml position, Mr. F'erriy--l'sulating to costs of election trials. but'be In the same position as ordinary suitois. , Mr. rTi:s.-'l'o amend the Municipel Law. Mr. NEELON thought that Mr. o'Connor's Mr Gibson (iLnmilton)--To amend the Bill would have a very bad ellect. He believed Municipal Law. ' ' that the law should bo such " to make tlie "W" Mr. llarcourt--To amend the Assessment {1:22:03 31:);an below? the tassured "t [)98:ll)l.ui Law. t I nicer tun emouii ot non.) . , ' - a , . . . , on ell the mutual companies. It would throw s,h/,tmf"ite,tCt.'..a-a.e,)r"'ti" Md to tile "in. l the business i.nto.tho hands of larger companies, Mil. 1'/,';'ciCfil,l'(11,','tiliTth,, Munichal L1w. and ,oyhl, W,b". Insurance rates. . . Mr. Broder - To amend the Ditches and Mr. b1ERED1TH had not changed his mind W; tore/vines Act that this Bill was against the public interest. It it". ii'/,iCv"C'ii, ttmend tho M nici sl Law was a aignitieaut fact that if a grievance existed "I: {dun}; ld -'To d "in, tr Ma f. {hero wasnotda "iah'g,'"ytti').r1'..'e', against the siairi. . U amen o i n no! as it stoo . n the other hand he ointed .' ' .- . . out 'kt It,')',','.' mutilsl companies had 33'")ch Lh'l'r. Badgarow To amend the Municpel this i la lover the 'rovince. He ventured to ' C. . . any the mutual companies were the greatest i Lid}. Dry den - To amend the Assessment lessing in the way u Irivinpr cionn insurunc . , - that had ever been conferred on the comm": NOTARIES PUBLIC. The _deputation who bed come to oppose Home in Commitlot, Mr. Baxter in the chair. l the Bill wereimnl'oued with the gravity of the. _ Mr. 1?rt1hNCH--Bill to confer on Notaries

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