Page:Statutes of Canada, Victoria 31, Part 2.djvu/136

1868. in any gaol or prison in the jurisdiction where he is convicted, for the space ot three months.

14. Subject to the exception in the next following section, every Company so licensed shall transmit annually, to the Office of the Minister of Finance, a statement in duplicate, verified by the oath of the President, Manager, or Agent of such Company, or of any person cognizant of the facts, containing the particulars mentioned in the form in the Schedule to this Act, applicable to the case, such statement to be made up to the First day of July next preceding, or to the usual balancing day of the Company, provided such balancing day be not more than twelve months in the case of Life Assurance Companies and six months in the case of other Companies before the filing of such statement, and a copy of such statement shall be published in the Canada Gazette; and the Minister of Finance shall cause the statements or an analysis thereof to be laid before Parliament, within thirty days after the commencement of each Session thereof, and any Company failing to comply with the provisions of this section shall forfeit and pay to the Crown, the sum of one thousand dollars to be recovered on information to be filed in the name of the Attorney General for Canada, in that behalf; and with respect to any kind of business not provided for in the said schedules, the Minister of Finance may prescribe the form of return which shall be made, under the like penalty, and recoverable in the like manner, and the Minister of Finance may from time to time vary the forms in the said schedules, as far as regards the business done by any Company in Canada, or grant an extension of time for filing the same according as experience or the special constitution of any Company may require.

15. No Insurance Company established in the United Kingdom, and which is not bound by the laws in force there to furnish or publish statements of its affairs, shall be liable to the obligation, or to the penalty mentioned in the next preceding section, provided such Company, if a Fire Insurance Company only, has deposited not less than one hundred thousand dollars, if a Life, or Fire and Life Insurance one hundred and fifty thousand dollars, in the hands of the Receiver General, for the purposes of this Act, and subject to all the provisions thereof, but every such Company shall publish and file with the Minister of Finance on or before the thirty-first day of January in each year, a general statement under oath of the Agent in Canada, containing the particulars mentioned in the form D, in the Schedule annexed to this Act.

16. In case of the Insolvency of any Company, the stock representing the deposit of such Company shall be applied pro rata towards the payment of all claims duly authenticated against such Company, upon or in respect of policies issued in Canada; and any such Company shall be deemed Insolvent upon failure to pay any undisputed claim arising or loss insured against in Canada for the space of thirty days after being due, in,