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Tho pari of l-i t is Norlli of H\irnl UlviT, Lots °i'i to 2M iiii'liisivo, niul I.otNit!. .u ii'icl ^d in Iho I'MrsI, C'mi- ri'sslon. I.ols £i lo liH iricluslvi'. Hnd :il, ;u and ;W in lliii Si'i'ond ('i)n<'('ssion. liOls ;£* to !tt inrlusivu in th Fourth ('oiR'ONAion. liOth 1,2 ami .North hiilfofb, io£ I, Lot l;i North Imlf It, Kiot hiiif lil, and l.otit 17 lo22 iii(lnilv<', und Lot 21 in WiK l''iftli L'>nicussioii ; •area, "i sq. miles more or hisH. I'.ARCEL No, II. T.otK I, ,■), and West half Ln, and r,oi>. 17 lo Sit inilnilvi' ill Iho Sixlli folUTSslon. I.otn H, I. ."i. 1:1, It, l.i, \V''Kl half 1(), jiiid Lots 17 to ICt iiK-liisivc in tho Scvi'nth Cinires- kIoii. Lots ;i to 7 incliisivi'. Lot L'i, and Lois 1.^ in 'X\ im liisivc in i{\v Kiizhl CoiiM-ssion. Lots21 to;i:t iiicliistvf in tin' .NintliCon- ri-'ssion. Lot 21, Lot.-4 211 to ICUnfliisivi' in llu; Ti-nth t'onri'.ssion. Lots ao toitt iiiilusivi! in the lltli ('■n. ; - urea, ilijt mj. niilea more or iiiss. PAKCKL No. I.- Lots in. 2."). 211, and Lois 2Nlo;VI iinhisive in tlie Twelfth Coni'i'^sion. Lots 21. 2il and Itll in tin; Thirteenth Conuession. Lot IW in the I*'ourteen*h Coiioessioii ; ' -area, 2 .^i^uare miles more or less. LOT 7. Tinilier Rerth In the Tvnvii.vliip of Uarv , cover.d I>y Li.'i-nse No. 40 .Sca-on ISJl and l.'<'i2, mid N... 1 of Seasi ii lsV2 and ISIKI ; ('oiiiposed uf Lot .*> in I'oin-ession T\\< . Lot ID. K.i>t Imlf 22, L"ls 2;t ami %) in l' of Il.irvey ; iiU.i Islands No, ;l, \ H and II, in Itinkliurii Lake, also Island .No. 10 eommunly callel "Eo.v Island,' --area, Ti square miles more or less. Lor W'ateriiower svw mill ai II ih'ayKeon c.nlaiiilnK oiin eirrnlnr aiiillhn'i' vfanK«aie>, lin;iers, triinniers, lath iimehinery, ete., wiih refiisi- Imrner, tramways and rolllii« stoik, and piliiiK Krooiid, li)ardin.( li.inses, staldeH, worksliojis, workmen's houses ell'., 01.;. AUju w.Her [ii.v ir planing mill in eonneelion. LOT 10. .Mill site at .South Ka-.t Ha;- of Lake Nlpissiii« comprising the i'rsierly porilon of Lot .No. 2 in the 27th Coiidssion of Ihu Tiwn^liipiif lliiinvor;heoiitaiiiiiiii;tl ai r s and the .Suit h Kas- tei-ly iiation of Lo! No, 4 in the 2-lili I'oiiiesslon of the saiiin T iniisliip eoiilainin,; 211 aeres, and the s.nitheily portion of l.oi No. 7 III the 24111 I'o.i 'otsioa of till' saaie t ivvii.,liip ; also Island "iC" in La^e .N'ipi.ssiii^', lyin;ielof,; to th,; la.id-i ahove mentioneJ. LOT 11. Luinherinn idant, eonsistiiin of wa«i{oii», sleighs, anrhors, ctiiiins, ropes, capstans, hlanke(s, cisikery, ete., etc. LOT 12. yteain tug lleauboe iw. and eleven liiiolier lmr(?e», LOT 13. Th.> following lands held under ininiu'; paienl^ from theernwn together wiih liinlier lieense.s eove iiij? hanie from Uiitarlu (iovei niiient : I'akiki. \o. 1 .N. nth-east part, -.d L'll 1."), in Con. a. Township J Siiowdon. I'.vncKi. No. 2 .South half of Lot '1, Con. .% Tovvnshi|> of Jsnowdoii. 1'akc Ki. No. .1 Lot I'l, C n\. ."i. Towns.' ip of Snowdon. I'.MICKI. No. 4~ West half Lot Iti. Con. .'> ! own-hip of .Siiowdon. rAKCHi. No. a -East half Lot LI, Coo. 11, Tow nshlp of Smuvdoii. I'viiiKI. .No. (I -Lot 111. Con. 11, r.iwnship ot Miowdon. l'\iu'Ki. No. 7 Kist half Lot 111, C .ii. 7. T iwiishipof Siiowlon I'AurKi. No. H -Lot ;tl, in Cm. W. i'ownsliip of (ilanioriraii. I'vHi i;i. No. II S aiih (|,iarti-i' Lit :il, in Con. 4, Township of (■lamorf^an. L>r 14. T !.• f illowinx la'i U.lie'd iiioler ininiu;; patents from tho frown - Lots 1.1, 111 an 1 17, iiitlie liMli Ciiie.-.sdoii of the Township of K.i.'.-iijiriie, eo.itiiirii.iK io;!eilier lit.') aeres, more or loss, LOT 1.5. .Mill SI.e at III mill o.' Kreinli river, on lleor^iau liay. KnrlhT iiif r-niitiori will h? furnish 'd and every usiistanco readitre I t ) puriins vvishiiij to e.xainiiie the liniiis, ele., on apiilii-alion lo MDsSOM IIDYI), ft jlie.-iyneon. Ont.ar:.), or to Messrs. Wiekliaiii, Tli imps in & 1''iij!){jrald, Canada Life Build- ing, Torunio, Out., Vendors' !?olieitoi-s. HI STATISTICS OF LOSSES ON HULLS AND CARGOES On steamers trading to and from the River St. Lawrence during the season oi" St. Lawrence navigation, from the year 1889 to 1899, both inclusive. ■» ^.' ^H. ^"^••^ CO hi-. W,r, '■^M^,, Afe 'vra ^t M.P, Compiled by the Montreal Marine Underwriters' Association, (in connecnnn with Montreal Board of Trade) J. Stanley Cooke, Secretary, Board of Trade Office. Montreal. cJlN JO ^i.UA^ii^^^'^- ^»^~^ Statistics of Marine Losses The accompanying statistics were prepared in resixinse to a request from the Council of the Montreal Board of Trade, but owing to certain events, which need not lie herein discussed, it was deemed advisable to place the figures in the hands of the Government for criticism and advice before arriving at any decision whereby the results should Ije made generally i)ublic. The statistics were placed before the Premier and several members of the Cabinet in a personal inter- view on 1 2th Nov., 1900, with the request that they might be criticised and analyzed closely, the Board of Underwriters holding themselves at the service of the Government to supply any additional information that might be required. The indiscriminate publication of statistics is always fraught with danger, not so much from the criticism of any facts that may be issued as facts, but from deductions that may lie drawn, parti- cularly by parties not having an intimate knowledge of the intricacies of the profession of marine insuraiico. The Underwriters present their figures with the assurance that every jxissible care has been taken to obtain correct information, and that wherever there isdoubi they have given the benefit to the route. It is well known that there is no port in the world to which comparison might be made with Montreal, and in connection therewith the navigation of the river and Gulf of St. Lawrence. It is certainly not right to speak of the additional premium that is charged for a risk from Montreal to Liverpool, over a like risk from New York to Liverpool as a discrimination against the former ix)rt. A vessel leaving the port of New York is in the open sea in about five or six hours ; a vessel leaving Montreal has about one thousand miles to traverse, occupying about three days, with more or less intricate and dangerous navigation, liefore she passes Newfoundland and can be placed on a parity with the steamer leaving New York. The only proper way to arrive at the solution of the c[uestion as to whether rates charged are exces- .sive or not, is to take the premiums and losses of the St. Lawrence business on its own merits for a term of years. I If l| Special attention is directed to the fact that there has not been included in any of the statistics losses from Atlantic ports, although it has been necessary, in order to convey full information, to note the losses that have occurred outside of the Oulf, as well as inside, on steamers sailing to and from the St. Lawrence, i the premium charged must be sufficient to carry the risk from jwrt to port. In presenting these statistics it should be explained that during the ten yearf. prior to 1899, marine insurance rates oti cargoes from Montreal (excepting duritig the closing months of each season) were otdy slightly higher on the better class of steamers than the rates charged from Atlantic ports. During that period the experience of underwriters engaged in the St. Lawrence business was very di.sastrous. Many prominent foreign companies closed their agencies here, while others materially reducedthelines they carried on steamers by that route. The frequent heav\' losses in the River and Gulf and the almost innumerable smaller claims from strandings, occurring year after year, resulted in the business proving a source of serious loss to English Lloyds and other European underwriters, as well as to the companies having Head Offices, or Agencies, in Canada. The natural outcome of this experience has been a very material increase in rates. This increase was made between 1S96 and 1899, and has been maintained during the past .season, and the chief question to be considered in dealing with this subject is whether the advance in rates has been greater than was warranted by the pa.st record of this route. To ascertain this the total amount of the cargo lo.><.ses recorded by steamers sailing from Montreal lias been compiled for a .series of years, and the total premiums upon the values of all shipments from that port during the .same period have been computed at the rates which prevailed in the respective years embraced in the calculation. It should be .stated, however, that while the premiums are calculated upon the amount of the total exports fiom Montreal — as shown by the Custom House figures — the lo.sses do not include those from many of the strandings and minor accidents which in the aggregate would materially increase the total amount of the losses. The total exports by .steamer from Montreal from 1889 to 1899, inclu.sive, were $411,813,749. At the rates charged by Montreal agencies during that ])eriod, the total premiums upon this sum would amount to $1,598,71 1. Allowing 20 per cent. ($319,742) for tlie expense of conducting the business, there remains $1,278,969 to pay losses during the same period, whicli are shown to have amounted to $2,921,609 — leaving, in round figures, A NET LOSS TO THlv UNDI'RWRITERS OK ONE MILLION SIX HUNDRED THOUSAND DOLLARS. It may )«.• dainu'd that in fixing tlic advam-cd rates of thf ])ast two years, the Coiiipatiies should have taken a more recent period, and not one embracinR the exceptionally disastrous year 1S89. To meet this objection, the figures of the five years, 1895 to 1899, inclusive, may he taken. These show total cargo losses of $1,786,144, and premiums upon the total shipments, at the rates which prevailed in those years, of $903,681. I)e''ucting 20 jier cent. ^$180,736) from these latter for expenses, would leave $722,945-^making A NET I.OSvS TO UNDERWRITKRS ON MONTREAL SHIPMENTS FROM 1895 TO 1899, IN- CLUSIVE, OF OVER ONE MILLION DOLLARS. The experience of the eleven years embraced in these calculations would, therefore, have justified an average rate for the .season of upwards of one per cent. The average rate actually charged in 1899 and 1900 — taking the variation from 40c. during the summer months to the much higher figures charged in October and November — was about 60c. per $100. The companies would therefore have been warranted — had they not anticipated more favorable results in the future than they had experienced in the past — in charging nearly double the rates of premium of the tariff which the majority of them adopted for the year 1900. Fortunately that year resulted favorably to the under writers — there having been no total loss of a steamer sailing from Montreal during that season, although the "Mareotis," .sailing from Quebec, was a total lo.ss near Cape Ray, and the " Montpelier," inward, was a total lo.ss near the .same i)lace ; but they can .scarcely be expected to ba.se their rates upon the experience of this one favorable year and ignore the disastrous record of its predecessors. The premiums and losses taken into account here refer to exports only — the rates charged oiit of Montreal being those which have been chiefly criticized. It may be stated, however, that losses on inward cargoes since 1899 amount to .some $i,5(X),cx)o, while the los.ses on hulls — inward and outward (steamers only)— are estimated at over $6,000,000. These together show TOTAL RECORDED LOSSES OF OVER TEN MILLION DOLLARS BY THE ST. LAWRENCE ROUTE DURING A PERIOD OF ELEVEN YEARS. In considering the que.stion of marine insurance, it should be remembered that companies doing marine insurance business only are sjiecially exempted by the Dominion Insurance Act from dejxjsits, taxes, etc., such as are required from companies doing F^ire, Life or Inland insurance. Ocean Marine insurance is therefore on an absolutely free trade basis, and the only reason why so few of the leading British and foreign companies have agencies here is the known iuiprofital)leness of the St. Lawrence route. It should lie iK)inted out also that inasmuch as the combined value of many of the steamers and their cargoes sailing from Montreal anunints to upwards of half a million (lollars, on the largest modern steamers the value of hull and cargo would probably exceed a million and a ([uarter dollars. It recptires a mtml)er of strong companies to carry these risks, and no action that any one comi)any might take could bring alxjut any general reduction in rates. This catJ only be accomplished efTectually and permanently by a reduction in the risks of navigation in the River and Gulf. Any field of marine insurance which offers a reasonable prospect of profit will soon be entered by the many companies which are carrying the risks of the conunerce of the whole world, and competition will secure sliii)jKTs and vessel-owners here as it does elsewhere, against being called ujxjn to pay rates out of proportion to the risks assumed. The evidence given by captains and others experienced in St. Lawrence navigation, at the encpiiry instituted l)y the shipping interest and the Marine Underwriters into the needs of the »St. Lawrence route— which has been jiresented to the Govern- ment — indicate pretty clearly the lines ujxju which such improvements are recinired. It would be unjust not to acknowledge the many valual)le works that liave already been completed, in lx)th the River and Gulf. That jwrtion between Montreal and Quebec is in a mucli more advanced stage than the other, from the fact that the necessities were greater, and the work w;>s begun at an earlier date. There have been some very valuable improvements in the Lower St. Lawrence, notably the permanent lighthouse pier at the Traverse, the improvements at Helle Isle, and the probable completion this year of the telegraph line on the north shore as far as Belle Isle, with antici]>ated connection with the island. NOTES IN CONNECTION WITH STATISTICS. The fiRUies upon whicli the followiiiK tables are based are all extremely liberal in placing the matter liefore those interested in the best liKht, t"avoral)le to the St. I- degree of accuracy, and have therefore been passed over. IMPORTS. Datb. Vkssbl. VOYAOK. Natibk ok Claim. Particulars, Intkukht. LOHH ON Hull. Loss ON Cargo. May a, KS8!I . . S.H. Cynthiii (ilas|,'in\ -Montreal . . . TL Sunk in colli.sion at Loii«ue I'ointe. (ieneral cargo.- «ir)0,fjoo #220,000 1S!)0 . . " Mt. Oliv.'t Manila-Montreal " Sunk in collision, Straits of (iiliraltar. Sugar. 175,000 1 1)0, 000 .Inly 11, l«!t(>,. " Hm.ri IV Havre-Montreal Sunk off Croasai, France. (Jeneral cargo. 125,000 25,000 " 1«, l«il2.. " Circe (ilaH(fi)w-Montreal.. . i* .-\ntieoati. .. 1.17,500 10, 00 Nov. i&na... " (icroiia Newcastle-Montreal . . (1 it I' A Ashore, coast of Scotland. " 7.5, (K)0 .50,000 May 20, 1893.. " Crai^Hidi' Man tanza.s- M( ni treal. . T/L Foundered off Whitehead, C/anso. Sugar. 12.5,000 235,000 May, ISiW.... '' Wan il I'll am Antwerp- Montreal . . (! & P.\ Stranded in St. Lawrence. (ieneral eargu. 2,S,300 44,100 July, ISiW... " Alcidi'.s CJlaHgow-Montreal.. . . " Stranded near Heath Point, .-Vnticosti. " 31, WO 21,355 Juiy 7, IH'.M . . " llavcrton N. Sydney -Mont real. T/L .\shore at St. Croi.^ Hay. Coal. 150,000 (),500 Aiifr. 14, iwr). " Draconii Newcastle- Montreal .. A.shore at Fame Point. Iron. 150,000 1,000 .Inly 2, 1S1I7 .. " Huiinaria Sydney-Montreal " Wrecked . . " (iiillia Liveipool-.Montreid . . (i A >t const T L .-Vsri"""! <■" Stone Island, near Sond. " 107,414 10,377 .luly 14, LSiti).. " .Mi'iriiiiac Bristol-Montreal. ... i. &.V A .Vshoic. .-Viiti(H)sti. Irim and steel. 180,000 30,000 Auk. •"'. 1«!'!>- • " Tuni't Court aiitl Haniillii's 1 ( 1 1 111 collision near liati.scan. Kaniillies beached. 1,5,000 Aug.lO,lSiin.. " I'liiladi'lpliiaii and Klla Sayt'r. 1 .( 1 1 In collision at (iiiel)ec. lUitli liadly (li.'iiajfeeograplii(|ue . . . Idaho (JothenburgCity. Mondego State of (ieorgia, Lake Nijiegon Hurona VoY.\GK. Montreal-{Jli»sg()\v . . Liverpool. Havre.,.. " Bristol .. . Hartle])n'l " Dinidee- Contincnt " AVwrdi'fii. LiveriJOdl. Dundee and Leitii. Texas " Uristo Amarynthia .... " tilasgow Humiiton " Bristol. Me.xico . . MariiHisa Lake Winnipeg.. " Liverpool. Bra/.ilian " LoikIoii Nessniore " Livi'r|«)(il. Vancouv( Memphis I " Bri.stol . Arcadi.T. I " Hanilmi IJaltimore City . . I '" Manches'r Arabia " Hanilnirg. Turret Ca|H^ j " Hristol . . . Livonian | " London . . Milwaukee ; " " Ilisden |(^iiebec - Plymouth Laurentiaii Mont!val-Liveri)()ol. fianges i "' Newcastle Manchester Port] " M.inchcs'r Parisian " Liverpool. Ahnerian " Antwerp.. Buenos Ayrean . . " Londoi' .. Escalona " Aberdeen Merrimnc l^uebec - Belfast.. . . n.vtuhe ok Claim. (J C and 1'; A T/L (i and P/A (i/A T/L ( ! and P/A (i'A TL (i/A (1 and P/A T L C PA TL G and PA T/L (Land PA A&Const.T t. PA TL (i A TL (i and PA Pakticulabs. In collision at I^ongiie Pointe Straits of Helle I.sle St. I'ierie, Miqiielon Anticosti Kast coast of Kngland St. Pierre, Miipielon (Jeneral Caigc Deals* Phos'te; (Jeneral Cargoj Strande^ per cent, on I89I— -S.S. Aniaryntliia 1892- - " Ontario " Cilurniiiu " Tiber 1893- " vSarnia Dominion 1894— " Menii)his Vancouver State of (leorgia 1895- Merriniac Hisi)ania " Christiana Escalona 1896— S.S. Amasis " Durham City Acadian Grecian Lake Ontario Derwent Holme 1897— " Aniarynthia Aloedene Keeniun Ormiston ' ' lona " Monte Videan Beechdene " Sir Walter Raleigh Roman r.SgS— •' Californian Baron Belhaven Lokoja 1 899— ' ' Manchester City Mennion 14 Strandiiigs l)etwei;ii Montreal atid Quebec entailing General Average and in some cases G. A. avoided. 1895 s 1896 1897 Merrimac Turret Crown Abbywood ( Collision ) Lake Winnipeg Turret Crown (Collision ) Carolina Kingswell (2) Aniarynthia I sis Assaye Vancouver Sarmatian lona Buenos Ayrean(Collisior Parkmore Monte Videan Tyo 1897 vS.S. Cilurnum Bjorguin Beechdene Turret Bay Strathgarry Milwaukee Queensmore Vancou\er lona Kildona Lake Huron Bengore Head Turret Cape Lake Superior Turret Bell Montcalm Madura 189.S vS.S. Cynthiana California ' ' Merrimac I S99 Madura Trygg Lowlands Lokoja Carlisle City Livonian Glenniore Head Baron Bel haven Turret Age Greetlands Grecian Louisburg Greta Holme Mapleniore 15 Addenda for 1900. seas^^f^lT:"' ''" ^""" "' "" """ ""^^" '"^^^^ ^"^^^ ''^'^'^ occurred in the St. Uwrence during the S.S. ''Mareotis," June, Quebec to LivenH.,1 ) "'''"'■ ^'■'«''° total loss near Cape Ray ' } $275 ,000 $ 75 ,000 S.S. " Mont Blanc," Julv, ashore at PortiRnit" ; Montreal to Havre, G.A. $5,000. ' | S.S. " Montpelier," Liverpool to Montreal, ) total loss near Cape Ray, no cargo. ) 225,000 S.S. "Ottoman," Montreal to London, Oct- I ober, .stranded leaving harbour. | 3.S.000 45,000 S,S. "Palaiki," Montreal to U.K., daniagerl I and went to dry dock Halifa.x. > 25,000 ^.Sf'O.ooo $120,000 '^^tal $680,000. he