M!"010ai Naltutions Financie.ms I For Revie

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CATALOGUE No 61-006 QUARTERLY - TRIMESTRIEL (. m!"010ai I . . ATISTICS STATISTIQU ANADA CANADA :c 2 5 2004 LIBRARy BIBLIOTHEQUE FOR REVIE .. ... .. FINANCIAL STATISTICS FIRST QUARTER 1969 nAltUtions financie.mS STATISTIQUES FINANCIERES PREMIER TRiM ESTRF 1969 DOMINION BUREAU OF STATISTICS BUREAU FEDERAL DE LA STATISTIQUE The contenis ol this document may be used Ireyly but PBS should be cuetites Ahen republishing all or any port alit. Le prbneni document peji hire rpindor en Iowa liberlo puurvu Quon indiQue Qu'il yrnane do B F S. . DOMINION BUREAU OF STATISTICS BUREAU FEDERAL DE LA STATISTIQ!JE Business Finance Division - Division des finances des entreprises Financial Institutions Section Section (Ins Insttutons fnancirns FINANCIAL INSTITUTIONS - FINANCIAL STATISTICS FIRST QUARTER INSTITUTIONS FINANCIERES -- STATISTIQUES FINANCIERES PREMIER TRIMESTRE 1969 Publohed by Authority of The Minister of Industry. Trade and Commerce September. 1969 - Septembre 6609-515 Publicatios OutoriseO perr le ministre de Ilndustrje ot du Commerce Price—Prix: 75 cents $3.00 a year - par année The Queen's Printer Ottawa L'Imprimeur do Ia Relne Ottawa Vol. 7—No. 1 SYMBOLS SI6NES (ONY LNTIONNELS The following standard symbols are used in Dominion Bureau of Statistics publications: Les signes conventlonnels suivants sont employés uniformément dans les publications du Bureau fdral de la statistique: figures not available. nombres indisponibles. figures not appropriate or not applicable n'ayant pas lieu de figurer. - nil or zero. - néant ou zro. - - amount too small to be expressed. -- nombres thfimes. P preliminary figures. r revised figures. x confidential to meet secrecy requirements of the Statistics Act. P nombres provisoires. nombres rectiflés. x confidentiel en vertu des dispositions do la Loi sur la statistique relatives au secret. [1 TABLE OF CONTENTS TABLE DES MATIRES Page I:i ' ............................................... 5 Table Page Introduction ............................................................ 5 Tableau Fire and Casulty Insurance Companies 1 Balance Sheet ............................................ 2. Statement of Revenue, Expense and Retained Earnings ................................ 3. Movement of Funds Statement .................. . Trust Companies 4 Balance Sheet ............................................ . 5. Statement of Revenue and Expenses 6. Retained Earnings Statement .................. 7. Reserve Accounts ...................................... 8. Movement of Funds Statement .................. Mortgage Companies 9 Balance Sheet ............................................ . 10. Statement of Revenue andExpenses 11. Retained Earnings Statement .................. 12. Reserve Accounts ...................................... 13, Movements of Funds Statement ................ Société d'assurance-incendie et d'assurances générales 8 10 1. Bilan ................................................................ 2. Etat des revenus et dépenses et des bénéfices retenus ............................................... 3. Etat des mouvements de la trésorerie .......... 12 14 14 14 16 4. Bilan ................................................................ 5. Etat des revenus et dépenses ...................... 6. Etat des bénéfices retenus .......................... 7. Etat des reserves .......................................... S. Etat des mouvemerits de la trésorerie 18 20 20 20 22 9. Bilan ................................................................ 10. Etat des revenus et dépenses ...................... 11. Etat des bénéfices retenus .......................... 12. Etat des reserves .......................................... 13. Etat des mouvements de la trésorerie 7 12 14 14 14 16 Sociétés de préts hypothécaires 18 20 20 20 22 Caisses locales d'épargne et de crdit 24 14, Bilan ................................................................ 24 Caisses centrales d'épargne et de credit ('entral Credit Unions I. Balance Sheet ............................................ 8 10 Sociétés de liducie Local Credit Unions I 1. la1ance Sheet ............................................ - 7 26 15. Bilan ................................................................ 26 Soclétés de linancement des ventes et de préts aux consommateurs Sales Finance and Consumer Loan Corn- pantes 28 30 30 32 28 30 30 32 16. Bilan ................................................................ 17. Etat des revenus et dépenses ...................... 18. Etat des bénéfices retenus .......................... 19. Etat des mouvements de latrésorerie .......... 34 36 36 36 38 20. Bilan................................................................. 21. Valeur négociable de Pactif ........................ 22. Etat des revenus et dépenses ...................... 23. Etat des bénCfices retenus .......................... 24. Etat des mouvements de la trCsorerie 40 42 42 42 44 25. Bilan ................................................................ 26. yaleur négociable de l'actif ........................ 27. Etat des revenus et dépenses ...................... 28. Etat des bénéfices retenus............................ 29. Etat des mouvements de la trCsorerie 30. Balance Sheet ............................................ 46 30. Bilan ................................................................ 46 Methodology and Source of Data .................... 48 48 National Accounting Reconciliation .............. 49 Méthodologie et sources ...................................... Conciliation de la comptabilité nationale List of Groups .................................................. Definition of Industry Groups ........................ 50 Liste des groupes ................................................ Definition des groupes ........................................ 50 16 Balance Sheet ............................................ 17. Statement of Revenue and Expenses 18. Retained Earnings Statement. .................. 19. Movements of Funds Statement ................ Fonds mutuels Mutual Funds 20 Balance Sheet ............................................ 21. Market Valuation of Assets ...................... 22. Statement of Revenue and Expenses 23. Retained Earnings Statement .................. 24. Movements of Funds Statement ................ . SociCté de placement Closed-end Funds 25 Balance Sheet ............................................ 26. Market Valuation of Assets ...................... 27. Statement of Revenue and Expenses 28. Retained Earnings Statement .................. 29. Movements of Funds Statement ................ . lixe 40 42 42 42 44 Courtiers de placement Investment Dealers S a capital 34 36 36 36 38 50 49 50 . INTRODUCTION .ti:i S1 1L :ir.ciL H: statistics for tire and casualty insurance companies, trust companies, mortgage companies, local credit unions, central credit unions, sales finance and consumer loan companies, mutual funds, closed-end funds and investment dealers. As information becomes available, this report will be expanded to include financial statistical tables on chartered banks, life insurance companies, business finance companies, holding companies, real estate operators and developers and other in the finance, insurance and real estate industry. Quarterly balance sheet data for the groups included in this report are available back to the period indicated below: La présente publication donne les statistiques financières sur les sociétés d'assurance-incendie et d'assurances générales, les sociétés de fiducie, les soclétés de prêts hypothécaires, les caisses locales d'êpargne et de credit, les caisses centrales d'épargne et de credit, les sociétés de financement des ventes et de prêts aux consommateurs les fonds mutuels, les sociétés de placement a capital fixe et les courtiers de placement.A mesure quedenouvelles données seront connues, on y ajoutera des tableaux statistiques couvrant les banques a charte, les sociétés d'assurance-vie, les sociCtés de financement des entreprises, les soclétés de gestion de placements, les entrepreneurs et aménageurs fonciers ainsi que les autres sociCtés relevant du groupe "finances, assurances et immeuble". Les données tirées des hilans trimestriels pour chaque groupe comptC ici couvront les périodes suivantes: Balance sheet data available from Fire and casualty insurance companies ..........................................1st quarter 1966 Trust companies ............................1st quarter 1961 \rtgage companies ......................2nd quarter 1960 al credit unions ................... ... 1st quarter 1967 "ntral credit unions ....................1st quarter 1967 Bilan depuis :iles finance and consumer loan ompanles ..................................2nd quarter 1960 Mutual funds ..................................2nd quarter 1963 Closed-end funds ..........................2nd quarter 1963 Investment dealers.........................4th quarter 1962 Sociétés d'assurance-incendie et d'assurances générales ............................ Sociétés de fiducie .................................. Sociétés de prêts hypothécaires ............ Caisses locales d'épargne et de credit Caisses centrales d'épargne et de cré-. dit.......................................................... Sociétés de financement des ventes et de prêts aux consommateurs .............. Fonds mutuels .......................................... Sociétés de placement a capital fixe Courtiers de placements ........................ Balance sheet and income statement tables as published in this report represent estimated data for the industry group in its entirety, as the industry was made-up in the quarter under consideration. The data, thus, should be used with caution when changes from one period to the next are examined. Major distortions to the industry group could occur as a result of mergers, amalgamations, consolidations, deconsolidations, spin-offs, reclassification of companies into or out of the group, reclassification of categories, etc. The accompanying movement of funds statements are designed to provide a more accurate yardstick for studying period to period changes within an industry. In the latter mentioned tables, non-cash outlays are eliminated, insofar as pcssible, leaving the data to reflect more closely the real financial transactions. Les chiffres des bilans et des Ctats des revenus qui sont publiés ici sont les chiffres estimatifs de l'ensemble du groupe pour le trimestre considéré. Par consequent, ils sont sujets a caution lorsqu'il s'agit d'analyser Ic changement d'une période a l'autre car la physionomie du groupe peut avoir été profondément modifiée en raison de fusions, d'absorptions, de concentrations, de décentralisations, de separations, de reclassifications de sociétés, de reclassifications de categories, etc. Les tableaux complémentaires indiquant les mouvernents de la trésorerie ont pour objet de fournir des repères plus précis permettant l'étude des changements survenus d'une période a l'autre dans une branche d'activité. Dans ces derniers tableaux, on a éliminé, autant que possible, les dépenses n'exigeant pas de déboursés en espèces de sorte que les chiffres traduisent seulement les transactions financières régulires. ier trim. 1966 ler trim. 1961 2e trim. 1960 ler trim. 1967 ler trim. 1967 2e trim. 1960 2e trim. 1963 2e trim. 1963 4e trim. 1962 -6- TABLE I. Fire and Casualty Insurance Companies Quarterly Estimates of Assets, Liabilities, Shareholders' Equity and Head Office Accouo: 1967 1966 2 No 3 4 1 2 thousands of dollars Assets' 1 Cash on hand and demand deposits: a j Cash and bank deposits ......................................................................... 75 , 967 b Demand deposits in other institutions ..................................................17, 290 92,339 18,052 97,433 16,413 65,944 15,543 79, 178 12,372 89,096 11,541 2 Foreign currency ........................................................................................ 729 1.523 1,342 83 201 204 3 Investments: a Investments in Canadian securities: j Canada treasury bills .......................................................................... 9, 357 ii Government of Canada ........................................................................ 498, 843 326, 906 iii Provincial governments ..................................................................... lv Municipal governments ...................................................................... 124, 898 12,842 514,571 334.896 129.491 15,549 509.277 360,499 137, 117 12,547 507,858 381, 107 140,264 10,679 498,537 389,975 143.195 J 24, 290 29. 845 26, 689 14. 589 12, 868 12.733 502, 123 425,748 147.471 1 7,589 , 12.598 20,203 13,530 195, 519 ix Corporate bonds and debentures ..................................................... x I Collateral loans .................................................................................. 2, 173 20.416 ... b Mortgages ............................................................................................ 209. 847 c Preferred and common shares ............................................................... 206,019 2.005 20.658 224,900 216.253 708 21,079 244,073 235,489 2,733 22,390 257, 133 250,211 1, 152 22,468 270,205 d Investments In and advances to subsidiaries .. 81, 379 e Investments in foreign securities ........................................................ 81,702 86.469 91,623 89,533 4 Real estate ................................................................................................ 34, 881 35,632 39,253 39,629 39,434 v Sa1e finance paper vi Commercial paper ............................................................................. vii Term deposits in chartered banks viii Term deposits with trust and mortgage companies 5 Amounts due from: a Other insurance companies b Agents and uncollected premiums 250.392 1.581 23,765 280,993 1,952 79, 41, 30. 238, 7 Deposits with reinsurers ............................................................................ 8,606 8,283 10, 164 10.626 13,254 4, 83 1 28 752 8 All other assets ........................................................................................ .5, 272, 160 258,869 283.974 316,460 49,396 1,984,918 2,041, 187 2,081,512 2,149,722 2,245, 511 9 Total assets ..................................................................................... 916, 853 Liabilities' 11 Unearned premiums 709,086 14 Provision for unpaid claims 626,738 15 Amounts due to: a Other insurance companies b Agents and return premiums payable 32,390 3,422 16 Taxes due and accrued 30,612 17 Deposits by reinsurers 33,675 19 All Other liabilities 48. 163 Shareholders' equity and bead office accounts 21 Paid In capital 85. 792 22 Reserves: a Investment, contingency and general reserves b Additional policy reserves C Hail insurance reserve 32.273 13.760 1,847 23 Retained earnings ..................................................................................... 264, 645 24 Head Office accounts ....................................................... 363, 25 Total liabilities and head or! ice accounts 1I18 2, 245, 511 Some data not available prior to third quarter, 1967. 2 Amounts are stated at book values, and include all assets In respect of business in Canada. Out-of-Canada assets, liabilities, and retained earnings Canadian companies have been omitted where possible. -7- • T.%B1 I.%U I. Sociéts d'assurance-incendie et d'assurances génêrales mations trlmestrtelles de I'actif, du passif, de Ia part des actlonnaLres er des compt's du siege social 1967 4 1968 1969 1 I I 2 No millers de dollars ActiP 103,913 59,461 7,572 4.454 66,076 6.647 90,967 15,408 97,676 11,895 124 751 154 156 146 Encaisse et dépôts a demande: 1 58.382 En calsse et dans les banques a charte .... ................ .. ..... .............. ..a 7,993 Dépôts I demande dans d'autres institutions .................... ............ .... b 131 Devises étrangères ................................................................................... 2 Placements: 3 Placements en valeurs canadiennes: a 24.542 Bons du trésor du gouvernement du Canada .......................... 504.859 Obligations du gouvernement du Canada ............................. 499.713 Obligations des provinces ............................................................ ill 163,907 Obligations des municipailtés .. ................................................... ....Iv 3,314 Titres de soclétés de Ilnancenient des ventes ...................... ...... .... V 17,438 Titres commerciaux .................................... ................ ..... ............ .......vi 20,280 Dépãts I terme dana les banques I charte ............. ............... ......... vii 12,777 Dépitsà terme dana les soclétés de fiducle etde préts hypothéviii caires. 298,383 Obligations des soclétés ................................................................... ix 940 Préts sur nantissement, . ...................... .......................................... ... a 30,520 Hypothèques ............................ ............................................................ ... b 359,801 Actions privilégiCes et ordinaires ....................................................... C 4,090 Placements dana lea fitiales et avances mites I celles-cI ............. d 74,465 Placements en valeurs Ctrangères ....................................................... e 16.542 15,230 515,075 530,631 433.833 443.400 154,694 152,262 5.035 5,086 11,621 9,797 24, 153 19.120 13,556 13,620 7,951 529,594 446,547 152,994 5, 159 13,243 20.674 13,218 13.442 531.363 465,474 156.352 4.580 17.792 25,222 14,648 13.729 525,566 482.950 160,000 4,402 17.860 24,230 14,234 261,766 267,557 882 2,661 25,586 27,646 292,337 294,929 2,628 2,765 81, 989 85,331 274, 125 1, 146 28,590 309,032 2,596 89,002 289, 176 1,396 29,046 325,967 3,354 86,669 295,542 346 31,541 350,344 9.217 75.438 38, 191 41.422 41,754 44.417 43.462 Blens immobiliers ...................................................................................... 4 29,303 'Jd 240, 716 36,488 295, 428 36,388 269, 014 38,382 250, 000 5 Montants dus par: 41,626 D'autres soclétés d'assurances .. ................... ........... ........................... a 275,509 D'agents et sous forme de primes non touchées ..... ....................... ...b 2,730 5.902 7,976 7,653 8,423 11, 132 DépSts chez lea réassureurs ............................................................ 7 58, 123 66,457 61,515 49,756 59,525 55,516 Tout autre actil .......... .... ............... .. ....... ..... ...... .......................... 8 2,303, 573 2,315,270 2,409,577 2,475,577 2,515,863 709,730 698.566 743,335 751,797 749,052 723,769 Primes non acquises .............................................................................. 11 667,031 679,394 680, 157 713,291 751,286 789,735 Provision pour sinistres non payés ......................................................14 42, 237 28.612 5.867 2,738 37,350 2,858 35, 184 3, 199 43,251 4.657 2.508,780 Total de l'actil ............................................. 9 Passlp Montants dus 1: 15 42,525 D'autres sociétés d'assurances ......................................................... a 4,183 Des agents et sous forme de prime ristournIes ............................... b 34.342 27,593 24, 140 26,358 25.064 17,666 Impóts dus et courus ............................................................................. 16 33,400 37,995 41,431 41.660 44,934 41.615 D6p5ts effectués par lea réassureurs ............................................... 17 52.558 70,369 58,093 59,855 55.388 62,046 Tout autre passif ..................................................................................... 19 89,589 87,812 88,666 88,864 88,415 .............................................. . ................................. 89,214 Capital verse ............ Reserves: 12 38.964 Placements, êventualités et reserves gInérales ............................. a 11,937 Reserves supplémentaires pour polices ..... .... . ..... ... ................... b 1,231 Ponds (reserve) du surplus de l'assurance contre la grIle ........... c Part des actionnaires et comptes du siege social . ii 38,821 42,414 11,624 12,450 1,707 2,397 42,311 11,371 1,311 40,869 11,644 1,313 43,202 11,916 1,523 281,831 285,186 305,454 321,593 330,040 341,386 Bénéflces retenus .............................................................................. 13 334,836 339.744 373, 100 379,950 367, 135 344.509 Comptes du siege social 2, 303, 573 2,315,270 2,409,577 2,475,577 2,515,863 . 2,508.780 Total du passif et de Ia part des actionnaires et comptes do siege social. 24 25 * Djsponlbles seulement a partir du trolsième trimestre de 1967. Los montants sont inscrits a leur valour comptable et comprennent tous les avoirs qul se rapportent I l'activlté des soclCtés auCanada. Lee chiftres de atif, du passif et des bénétices retenus au litre de l'activité I I'Ctranger de soclétés canadiennes soot exclus dans Ia rnesure du possible. -8- TABLE 2. Fire and Casualty Insurance Companies Quarterly Estimates of Revenue, Expenses and Retained Earni 1967 1966 3 1 4 2 - Revenue, expenses, and retained earnings accounts 31 Net premiums written ...........................................................................333. 130 323,246 291,523 295.219 366.724 348,523 4.681 53.230 8,461 Deduct: 32 Changes in unearned premiums and additional policy reserves 49.828 7,840 283 . 302 283,683 325.446 299,900 313.494 340,062 34 Net claims Incurred ............................................................................. 143, 026 167.427 215,808 175.996 161,284 213,305 35 other underwriting expenaea ............................................................... 113,909 106.986 119.651 113.819 123.072 96,907 36 Inderwritlng gain ........................................................................... 26. 367 9.270 10.013 10.085 29, Its silt 19, 164 16,125 23.282 17,934 20,130 33 Net premiums earned ...................................................................... - 2.200 - Deduct: - Add: 37 Profit from Investment account .......................................................... 40 Other income ........................................................................................ 922 191 38 ProfitS accruing to Canadian companies from foreign branch operations. 39 Profit on sale or maturity of assets ...................................................- 236 22, 659 1,147 27 525 351 346 Deduct: 41 Income taxes ........................................................................................ 11.336 42 Dividends declared .............................................................................. 1.839 43 Transfers to (from) head office .......................................................... 3.879 44 Transfers to (from) reserves ,.. .......................................................... -108 45 Other charges and unaccounted items .............................................. 193 46 Retained earnings (including head office accounts) at beginning of quarter. 591,232 47 Retained earnings (including head office accounts) at end of quarter. Some data not available prior to third quarter, 1967. —9— I UILEAU 2. Soctétés dassurance-incendie et d'assurances générales Estimations trimestrielles des revenus, des dpenses et des bénif ices retenus 1967 1968 2 1 4 1969 4 3 1 milliers de d ollars Comptes des revenus, des dépenses et des bénéfices retenus' 341.717 319.394 387.687 353,896 351, 422 Primes souscrites nettes .......................................................................31 362.077 Déduure: 907 - 10, 245 42,891 8.735 342,624 329.639 344,796 343,161 - - 8.550 370,627 - 25.262 376, 684 Variations des form'. taires pour police. .33 Primes nett.es scquises ................................................................. Déduire: 236,735 215. 172 193, 166 213.998 242, 114 253, 189 Sinistres r6a1iss nets .....................................................................34 128,075 113.590 120,080 118.342 137.897 132,801 Autres trais d'explojtation .................................................................35 186 877 31.550 12.821 9,306 8niice d'esploltat.lon ...................................................................36 - . - 9,384 - Ajouter: 24,.12 21.967 25,480 980 1.136 95 2,060 - 1.622 139 - 350 295 924 - - 24,023 - 28,731 26.957 Bn6tice do cornNe do 1)lSccFfleflt .....................................................37 1, 178 295 Bdnétice revenant aux soci8t6s canadiennes no litre de suc- 38 cursales étrangeres. 3,800 Gains sur ventes ou maturité d'acllf ...............................................39 348 Autre revenu ......................................................................................... 40 1,298 6.383 700 883 - IJéduire: - 6,361 7.397 10, 356 7,718 4.767 9,078 ImpSt .:ir I. nv":u .............................................................................11 1, 102 2.537 1,384 2.487 2, 151 4.571 Dividendes déclartls ............................................................................42 1,431 6.012 14.542 10.803 Trans!erts au (do) siege social .........................................................43 619 2,732 1, 939 Transforts aux (des) rserves ...........................................................44 3.741 7,967 617 Aiitres frals et lea posies inexpllqués .............................................45 4,651 - 4,831 - 6,238 4.283 - 3,372 5.004 - 455 5,290 - - - Jouter: 627,753 616,667 624,930 678,554 701. 543 697. 175 Bdnéfices retenus, y compris les comea du siege social au 46 dbut do trimestre. 616, 667 624.930 678,554 701,543 697, 175 685,895 Bénéfices retenus)compris les compU's dii siege social S Ia 47 in du trimestre. )isponibles seulement S partir du trolsième triniestre de 1967. - 10 - TABLE 3. Fire and Casualty Insurance Companies Quarterly Estimates 01 Movements of Funds 1967 3 No. thousands of dollars Sources 1 internal: 1 Underwriting gain .................................................................................... 2 Profit on investment account ................................................................ 3 Profits accruing to Canadian companies from foreign branch Operations........................................................................................... 4 Other income ............................................................................................ 5 Unearned premiums ................................................................................ 6 Provision for unpaid claims .................................................................. External: Amounts due to: 7 Insurance companies .......................................................................... 8 Agents .................................................................................................. 9 Taxes due and accrued .......................................................................... 10 Deposits by reinsureTs ..... .................................................................... 11 Other liabilities ...................................................................................... 12 Paid in capital ........................................................................................ 13 Transfer from (to) head office ................................................................ 14 Totalofitemsltol3 ........................................................................ Applications 1 15 Dividends...................................................................................................... 16 Income taxes ................................................................................................ 17 Other charges including unaccounted items ............................................ Demand deposits: 18 Banks ........................................................................................................ 19 Other ....................................................................................................... 16,000 5, 000 1,000 - 2,000 20 Foreign currency ........................................................................................ 1,000 - 31,000 - 1,000 - 1,000 - 3,000 - 1,000 13,000 10,000 3,000 - 1,000 - 2,000 2,000 - 9,000 4,000 - Investments: 21 Treasury bills ......................................................................................... 22 Government of Canada ............................................................................ 23 Provincial governments .......................................................................... 3,000 16,000 3,000 - 5,000 8,000 26.000 21,000 9,000 36,000 24 Municipal governments .......................................................................... 25 Sales finance paper ................................................................................ 26 Commercial paper .................................................................................... 4,000 7.000 3,000 3,000 4,000 6,000 - 3,000 2,000 7,000 11,000 10,000 - 1,000 15,000 2,000 14,000 1,000 19.000 13,000 13,000 1,000 11,000 5.000 5,000 - 2,000 8,000 27 Term deposits (banks) ............................................................................ 28 Term deposits (other) ............................................................................ 29 Corporate bonds ...................................................................................... 30 Collateral loans ...................................................................................... 31 Mortgages ................................................................................................ 32 Preferred and common shares ................................................................ 15.000 33 Subsidiaries ............................................................................................ 34 Foreign securities .................................................................................. 35 Real estate .................................................................................................. 1,000 3,000 - 14,000 -13, 000 - 12,000 - 19,000 2,000 - 2,000 Amounts due from: 36 Insurance companies .............................................................................. 37 Agents ...................................................................................................... 38 Deposits with reinsurers ............................................................................ 39 Other assets ............................................................................................... 40 Total items 15 1.039 ......................................................................... Refer to notes page 49. 2,000 25,000 3,000 - 8000 32,000 21, 000 - 11 - l'BLEAU 3. Soclétés d'assurance-incendie et d'assurances génraIes 8stimations trimestrielles des moiivements de Is trésorerie 1968 1967 4 1 2 3 N. milhiers de dollars Provenance' - 9,306 Bénéfice d'exploitation ........................................................................ - 22,186 877 31,550 12,821 - 9,384 24,222 21,967 25,480 24.023 28,731 26,957 Bénéfice compte de placement ............................................................ 1,178 Bénéfice revenant aux sociétés canadiennes au titre de suc295 cursales étrangéres ............................................................................ 980 1,136 95 380 295 2,238 644 - 11, 164 40,293 12,363 - 427 1,365 40,491 8,462 - 2,745 549 34,121 37,995 2 3 4 4 ,085 Autre revenu ......................................................................................... - 24.352 Primes non acquises .............................................................................. 21 Provision pour sin istres non payés .................................................... 5 8 Externe Montants this: - 292 Aux soctétés d'assurance ................................................................ 7 9,847 -13, 625 8,738 - 2,166 8,067 2,445 - 3,129 120 341 1,458 4,330 - 275 - 6,749 4.595 - 3,453 936 2, 218 229 4,361 3,797 17,811 1,764 198 - 726 Dép'ots effectués par les réassureurs .................................................. - 474 Autre passif ............................................................................................ 1,77'? - 10,059 993 - 1,294 3,274 - 2,204 - 449 - 3,319 Capital verse .......................................................................................... 4,651 4,831 1,431 - 6,012 - 9,163 - 13,489 27,431 99,109 75,572 56,829 - 28,451 Aux agents .......................................................................................... 7 ,702 Impôts dus et courus .............................................................................. 11 12 13 7.398 Transferts du (aU) siege social ................................................................ 21,644 Total des postes I a 8 9 10 14 13 .................................................................... Emploi' 15 • 102 2,537 2.384 2,847 2,151 4 ,571 Divtdendes ................................................................................................. , 361 7,397 12.356 7,718 4,767 9 ,078 Imp'ot sur Ia revenu .................................................................................... 2,000 1,911 1,459 2.965 3,359 14,817 44,452 6,615 24,891 6,709 3. 969 3, 118 2,193 8,761 - 3,513 80 62'? 597 2 - 10 3.809 1,312 7, 279 5,491 287 12.952 16,326 4,101 1,769 - 5,797 8,085 10, 210 2,732 18,927 17,476 7,223 2,212 2,554 977 51 732 73 3,358 579 - 178 3,648 1,824 5,033 4,381 4,549 68 3,950 1.554 4,548 - 992 26 15,278 64 6,182 2,766 465 1,430 15,051 - 414 6.366 1,515 944 13,923 204 456 - 1,050 2,495 13,147 21,059 5,863 - 851 16 11,735 Autres frais et posIes inexpliqués .......................................................... 17 Dépôts a demande: 18 - 39,294 Les banques ............................................................................................ 19 - 3,902 Autres ...................................................................................................... 20 - 15 Devises étrangères .................................................................................... Placements: 21 10,813 Bons du Trésor........................................................................................ 22 - 19,099 Obligations du gouvernement du Canada ............................................ 23 17,763 Obligations des provinces .................................................................... 24 3,907 Obligations des municipalités .............................................................. 25 - 1,088 Titres des soctétés de financement ................................................. 26 - 422 Titres coiximerclaux ................................................................................ 27 - 3,950 Dép'Ots é terme (lea bsnques) .............................................................. 28 a terme (autre) .......................................................................... - 1,457 Dépôts 29 3.841 ObligatIons des soclétés ..................................................................... 30 Prts sur nantissement .......................................................................... 594 31 - 1,021 Hypothéques ........................................................................................... 32 9, 192 Actions privilégiées et ordinaires ..................................................... 33 - 5, 127 Fihiales .................................................................................................... 34 - 973 Valeurs étrangères ............................................................................... 35 - 955 Blens immobillers ...................................................................................... 700 1,779 1,821 2,060 13,404 676 4,457 137 2,486 3,342 3.671 758 2,287 4,144 424 3,231 332 2,663 3,704 - 4,446 7,185 - 100 1,994 3 ,244 Soclétés d'assurance ............................................................................ - 18,408 20,818 43,147 - 26,224 - 19,014 25,509 Les agents .............................................................................................. 37 2,100 3, 172 2.074 - 323 770 2 ,709 DépEits chez les réassureurs .................................................................... 38 8.727 8,334 3,623 - 11,759 8,973 - 4,009 Autre actil .................................................................................................. :39 3, 489 27,431 99,109 75,572 56,829 11 Montants dus par: Prière de se référer au renvois pag 49, 21,644 Total des postes IS a 39 36 .................................................................. 40 - 12 - TABLE 4. Trust Companies Quarterly Statements of Estimated Assl, Liabilities and Shareholder-' 1966 1 2[3 No 4 1 2 3 thousands of dollars Assetsr Cash on hand and demand deposits: In Canadian dollars: I Cash and hank demand deposits ....................................... 79, 462 ii Demand deposits in other institutions .......................... .... 2, 259 74,484 2,246 64,675 4,461 72,610 2,250 53,741 3,948 49,683 3,548 40,816 3,636 2 Foreign currency .......................................................................... 8,064 7,077 12.919 13,124 10.680 14,855 7,668 3 Investments: Investments in Canadian securities: Canada treasury bills ........................................................13, 142 Governmentof Canada ...................................................... 390,485 Provincial governments ...................................................196,915 Municipal governments ....................................................... 128, 766 Sales finance notes ........................................................... 333. 318 Commercial paper ............................................................. , Bank term deposits Term deposits, other institutions Corporation bonds ............................................................ .....253,867 Collateral loans ...................................................................109, 267 Mortgages and sales agreements: NHA loans Conventional mortgage loans .......................................... j' , , Canadian preferred and common shsres ................................. 76. 758 Foreign securities .............................................................. ......6,758 Subsidiary and affiliated companies: 21, 600 .....::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::.' } 4,439 16,197 390,693 421.595 208.584 229,361 126.873 121.848 131, 012 318,943 1 63, 943 72,031 17.979 240,437 258,181 127,749 119,627 13,300 398,884 259,987 143.186 159, 375 141, 892 62,720 25.693 278.922 128,309 6.420 421.079 284,577 127,302 114. 831 102, 245 71,998 18,271 291,654 109.914 11,928 424.542 285,317 118. 544 119. 279 93, 962 142,192 16,368 298,737 113,382 I a a i ii iii iv v vi vii viii ix a b I ii c d e 6,953 401,090 199,770 118,958 302 .876 259,196 106,937 493, 038 fI, 1,675,909 80,412 11,321 83,299 14,179 499. 852 1.704.471 83,489 17.645 498. 848 1.772.013 84,185 18,338 496. 233 1.851, 150 86,397 15.249 25,289 30,968 30.103 32.536 32,908 33,416 24.019 37,283 39.260 43.385 49,610 47,751 46, 298 47,381 52.362 53,853 , ' 78,400 7,749 , ' 4 Interest, dividends and rent receivable 3 5 Real estate and e"jipment ......................................................... 48, 291 6 Other assets ................................................................................. 24,766 23,626 21.817 28,789 27,981 31,153 31,OF. 7 Total assets 3 .................................................................... .. 3,732,013 3.781,441 3.869,250 3,922,673 4,131.275 4, 145, 444 4. 287, 11(1 . Liabilities 11 12 13 a b Demand and savings deposits: Chequing ................................................................................546, 004 Nonchequing ..........................................................................578,003 a b c Term deposits, original term of: Less than one year .............................................................. .. One to six years .................................................................. .. 2. 197, 597 Over six years ...................................................................... 1 J Bank loans: Canadian chartered banks: Canadian currency ............................................................7,452 ii Foreign currency ..............................................................250 b Other bask loans................................................................... J 563,002 563,574 561.220 545,020 556,702 539,071 570.955 537,592 577,134 550,212 588,708 2,269,606 2.363,738 611. 081 1,785.348 29,632 704. 869 1,835,531 32,268 589. 790 1,953.689 33,463 618. 789 2.007, 500 31,756 10.024 250 5.851 4,758 7,755 - 31,005 43,959 a i 14 Short term loans and notes pa3 able ........................................ 15 Parent and affiliated companies 2 16 Defmrred income 4 17 Accumulated deferred income taxes 4 .................................... 18 Other liabilities 3 ...................................................................... . 19 Minority interest in subsidiaries .......................................... . 63,845 1 5,399 6,560 1,532 - 1,433 980 1,422 15.232 27.001 22,683 34.002 8,180 7,793 9.706 11.378 16.086 18.411 23.039 36.068 66,033 58,329 64,218 08.591 109,979 110,310 114,445 116,350 117,327 118.257 67,906 69,732 71,448 72,853 140,724 140.902 141,232 141,160 11,994 13,061 14.052 13,829 3,922,673 4, 131.275 4. 143,444 4,287.1111 Shareholders' equity 21 a Paid-In capital: Preferred shares::::,::::::::::,::,:::::.::.::::::::::.::::.:::::: } 22 Investment reserves 23 Reserve fund ............................................................................213, 885 24 Retained earnings 3 25 Total liabilities and shareholders' equity ................... 3,732,013 215,490 3,781, 441 216,107 3,869,250 Prior to fourth quarter 1966, a number of companies reported investments in securities after deductiff. requested to be reported at original cost with investment reserves reported in item 22. 2 Some data not available prior to fourth quarter 1966. Prior to fourth quarter 1966, total assets, esludes dividends, accrued interest, and other receivables. Some data not available prior to first quarter 1969. - 13 - TABLEAU 4. Soclétés de fiducie Etts linanciers trimestriels -stimations do I'actf, du pass!f et do is part des aet!orInaircs 1968 ;h 4 1 1969 2 [ a 4 1 No milliers de dollars Act!!2 a 78,973 40.315 45,910 3,851 4,931 7.807 59, 409 10, 143 75,904 7,804 46,231 9,441 Encaisse et depOts demande: 1 En dollars canadiens: a En caisse et dépöts demande bancatres .......................................1 i Ddpöts demande dana dautres Institutions ................................ii 10,605 36,856 35,909 35, 384 35,195 19, 29 1 Devises étrangères ..................................................................................... 2 9.844 29. 145 22,324 444.797 468,081 495,045 285, 330 265, 503 258.490 110825 117,864 118,371 98,913 132,405 159,976 49, 777 53, 055 60.779 170. 167 108,896 I 118,722 14,386 12, 144 13,537 290.582 314.612 326,971 114,677 141,857 103.360 12, 190 455,847 290,904 117.045 201,557 85. lOt 134,828 27.449 331,920 143.303 9.916 507.375 284.134 119601 156.566 71,991 189,856 28.014 320.245 142,080 4, 159 524.780 287,487 114,811 163,836 112.426 313. 363 31,769 315, 178 142,352 506.225 512.514 528.246 1.908.035 1,954.983 i 2,023,821 85. 121 88.045 I 86,368 23,457 23,153 23,464 530. 167 2, 117.695 91,686 31.702 546.022 2, 175,815 96,608 22,391 554.621 2.241, 275 97.767 19,462 31.703 31,854 33,723 52.634 56. 335 38. 155 42,282 40.441 41,676 42,438 48. 165 intCr8t, dividendes et loyers 13 recevoir' ...............................................4 { t: a a Placements: 3 Placements en saleurs canadiennes: a Bons du Trésor du gouvernement du Canada ..................................... I Obligations du gouvernement du Canada ........................................... 11 Obligations des provinces ................................................................... ill Obligations des municipalités ............................................................. iv Billets de soctétés do financement des ventes ................................. v Titres commerciaux ............................................................................... vi DepOts 13 terme dans les banques ....................................................... vii DCpSts terme dans d'autres institutions ........................................ viii Obligations des sociétés .................................................................... lx Frets sur nantissement ........................................................................ a Hypotheques et conventions de vente: b Frets do is 101 nationale sur i'habitation ...................................... ......I PrCts hypothecaires ordinaires ........................................................... II Actions privilCgiées et ordinaires des soclétés canadiennes ,.,.,,,. C Valeurs Ctrangères .................................................................................... d Lea filiales et lea sociétés a!fiilées: ii .::::::::.:::.::::::::::::::::::::::::::::::::::::::::::: 51,920 52,107 53.901 53.439 53.202 52.466 Biens immobiliers et outillage ................................................................... 5 25,521 29, 106 30,599 32.096 29,490 28,779 Autre actif .................................................................................................. 4, t'i2, 0h4 4,460,308 4.587.764 4,856. 175 4,971.582 5.205,790 6 Total de l'actiP .................................................................................. ..7 Fa.ssif a 1 556.810 567.993 591. 267 604.713 590, 590 568.698 600.585 574,428 649,548 488.844 760,259 DepOts demande ou depOts dans des comptes d'épargnes: 11 Retrsit par cheque .................................................................................... a Retrait en argent seulement .................................................................b 623.367 613,474 661,547 2,084,717 2, 174.263 2.242, 561 32, 278 30,950 29, 162 801.930 2.331, 162 29.634 797,550 2.380,094 29,475 928,328 2.455,836 23.609 DepOts 13 terme. terme initial: 12 De moms d'un an ................................................................................... a D'un 13 six ans ....................................................................................... b Do plus do six ans ................................................................................. c 2,685 4, 153 7,851 5,458 1,736 2,594 4,Q53 2.501 3, 316 3.753 3.642 4,872 - - - - - - Emprunts bancaires: 13 a Des banques 13 charte canadiennes: En monnaie canadienne .................................................................... En devises étrangCres ....................................................................... It Ernprunts des autres banques ................................................................. b a 18.750 36,618 36, 570 31, 185 20, 403 20, 481 Emprunts et billets Court terme ......................................................... 14 10,481 9.936 18,366 30.362 38,227 31,279 Los sociétés metes et lea sociétés affiil6es 2 ..................................... 15 62,032 '72, 254 69,243 86,568 87,321 1 ,549 R,evenu différé. .......................................................................................... 2, 144 Imp&s sur le revenu differé cumulé ....................................................... 17 93,887 jAutre pa.ssiP..............................................................................................18 .16 lnteret minoritaires dans los filisies ..................................................... 19 Part des actionnaires 119.296 120,118 114,609 118.677 115.181 Capital verse: Actionsprivilieglee. '{ 21 :::::::::::::.::::::.::::::::::::::::::.:::::::::::::::::::::::::::: 75.573 76.793 81.747 82.605 84.812 83,663 Reserve pour placements ......................................................................... 22 147,627 147.838 151, 128 151.246 177.358 182,001 Fonds de reserve ....................................................................................... 23 9,220 9,887 13.081 14.312 11,807 15.196 4.352, 84 4.460.308 4,587.764 4.856. 175 4,971, 582 5,205, 790 BCnCfices retenus 3 .................................................................................... . 24 Total du passit et de Ia part des aetlonnaires .............................25 Avant le quatrième trimestre do 1966, on certain nombro do sociétds déduisaient de leurs placements en valeurs mobilieres les reserves pour placements. :.Ufltenant, on demande do declarer los placements au cout d'origmne, lea reserves pour placements étant dCclarêes an poste 22. Disponiblos seulement a partir du quatriemo trimestre de 1966. Avant to quatrieme trimestre de 4966, l'actif total no comprenait paz les dividendes, los intérêts courus et lea autres Comptes 13 recevolr. Disponibles seulement 13 partir du premier trimestre de 1969. - 14 - TABLE 5. Trust Companies Quarterly Statements of Estimated Revenues and Expem1966 No. thousands of dollars Revenues 31 32 33 Interest earned ........................................................................................ 51,474 Dividends .................................................................................................922 a Companies in Canada ...................................................................... b Companies outside Canada.............................................................. 54,509 1,039 55,741 994 59,274 1,279 61,222 964 63,183 947 64,320 914 16.681 16,640 15,775 21,691 18,238 19,325 19,661 Profit on sale or maturity of assets' .................................................. Other revenue ........................................................................................... 2,234 Total revenue ................................................................................... 71,311 2,906 2,485 3,147 2,710 3,102 1,858 73,094 74,995 85,391 83,134 86,557 86,753 39.029 698 103 40,926 903 76 44.027 734 109 45,054 882 441 46,383 813 242 47,917 833 73 35 36 37 } Expenses 41 42 43 44 45 46 47 Salaries and employer benefits'.......................................................... Salesmen's commission& .................................................................... 36,091 Interest .................................................................................................... Depreciation ............................................................................................... 718 Amortization ................................................................................................ 74 Transfer to Investments and other reserves' .................................... Income taxes: 3,563 48 Other expenses ...................................................................... ................. 26, 685 Total expenses .............................................................. ................. 67,131 49 50 } Netprofit..................................................................................... 4,180 I 3,383 3,485 5,352 3,098 3,957 3.369 27,558 26,780 27,912 27,840 28,901 29.461 70,771 4,323 72,170 78,134 7,257 77,315 80,296 5,819 6,261 81,653 5,100 2,825 Some data not available prior to first quarter 1969. TABLE 6. Trust Compantes Quarterly Statements of Estimated Retained Earnings' 1967 1966 I " I thousands of dollars 2 No. 17,194 11,994 61 OpenIng retained earnings' Add: .4. 180 50 Net profit ............................................................................................ . 12 6 51 Profit on sale or maturity of assets ............................................... Deduct: .3073 65 Dividends declared .......................................................................... 66 Transfers to reserves'...................................................................... 67 Transfers to reserve fund'................................................................ 64 Other adjustments including unaccounted items' .......................... 68 Closing retained earnings' .......................................................... 4,323 96 2,825 7,257 5,819 (221) (201) 356 2,621 2,772 3,537 3,039 1,332 1,783 5,312 2,075 286 11,994 13,061 2 13,061 3 14,052 6,261 5.100 295 (103) 2,952 2,872 2.045 1,865 52 748 251 13,829 14,052 Some data not available prior to fourth quarter 1966. TABLE 7. Trust Companies Quarterly Statements of Estimated Investment Reserves and Reserve Fund 1967 1966 1 I 2 No. 3 4 1 2 3 thousands of dollars 1 Opening investment reserves and reserve fund' .............................. Add: 2 Transfers from retained earnings 3 Transfers from premiums on shares................................................ 4 Profit on sale or maturity of assets .............................................. Deduct: 5 Actual investment losses ................................................................ 6 Other adjustments including unaccounted items .......................... 7 Closing investment reserves and reserve fund ........................ Some data not available prior to fourth quarter 1966. 198,813 208,630 210,634 212,680 6,644 1,783 1,865 2,097 148 7 20 162 (2) 184 121 19 234 159 291 2,782) (450) (136) 597 208,630 210,634 212,680 214,1113 - 15 - TABLEAU 5. Sociétés de liducie L:s 11nancers tr1mstriels- Estimations des revenus et des dpenses 1969 1968 1967 J No I I milliers do dollars Revenus 68,532 68,448 73,806 75,407 1,258 1,183 974 950 23,290 20,666 23,182 21,983 2,181 1,763 1,985 1,942 95,261 92.058 99,947 100,284 84,599 67.898 Ini8rêt gagn8 .....................................................................................................31 1 ,984 Divldendes .........................................................................................................32 .. 1 ,098 Socjêtls au Canada ...................................................................................... .a ... I) 150 Sociétés hors du Canada ............................................................................ ..33 Commissions provenant do in vente d'immeuble' ........................................ 25,870 24,411 Droits et commissions recus sur successions .............................................34 Gains sur ventes 00 maturIt d'aciifs' ...........................................................35 2 ,776 3,970 Autres revenus .................................................................................................. .36 f 115,229 1 97,527 1 Total des rerenus .................................................................................... I Dêpenses 41 42 43 32,304 31,076 31,828 31,571 19,479 Salairea et avant.ages soclaux' .......................................... 1,486 CommIssions aux vendeurs ................................................ 65.556 53.116 1nt4ri .................................................................................. 839 160 DPr&ciatiOn.......................................................................... 159 51 Amortissement ...................................................................... 490 Transferts aux r8serves pour placements et suiTes'...... Impöt stir le revenus: 3,357 Courant .............................................................................. [ I - 6 Diffr8 ........ ........................................................................ 33,198 13,104 Autres d8penses .................................................................. 81,988 86,081 95,038 94,324 106, 889 91,837 Total des d8penses...................................................... 48 49 7,273 5,977 4,909 5,960 8,340 5,690 B60Iices net.............................................................. 50 50,530 51,751 58,300 58,738 866 802 874 967 60 127 313 49 4.228 2325 3.723 2.999 44 45 48 47 a h Disponibles seulement 8 partlr du premier trimeat re 1969. TABLEAU 6. Soclétés de fiducie tats financiers tllmestrieis -Estimations des b8n8fices retenus' 4 - I I 1969 1968 2 N° - milliers de doUars 13,829 9,220 9,887 13.081 14,312 11,807 Bênéfices retenus so d8but' .............................................................................6 1 7,273 5,977 4.909 5,960 8,340 946 160 1,590 1,069 545 5 .690 B8n6fice net................................................................................................... 50 3.965 3.428 4.142 3,852 3.446 2,316 1,834 4,587 2,008 1,607 835 106 5,814 6,544 3 210 (6,259) (168) 523 3332 Dividendes d6ciar8s .....................................................................................65 229 Transferts aux reserves' ............................................................................. 66 243 Transferts aux fonds de reserve' ...............................................................67 (1,223) Autres rajustements y compris los posies inexpllquês' ......................... 64 9,220 9,887 13,081 14,312 11,807 15,196 Bénéfices retenus 8 Ia fin' .....................................................................88 Ajouter: 280 GaIns stir vente ou maturitê d'actlf ...........................................................5 1 Déduire: Disponibles seulement 8 par iii du quatrième trimestre do 1966. T%BLEAU 7. Sociéts de liducie Ei Is financiers trimestriels - Estimations de reserves pour placements et du fonda de reserve 1967 4 1 1 1969 1968 2 1 3 4 1 No milliers do dollars 214,013 223,200 224,631 232,875 233,851 262,170 Reserves pour placements et du fonds de r4serve au d6but' ........... 8,860 1,634 5,422 2,114 7,421 1 2,631 18 17,549 217 273 129 169 3,184 472 Transferts de benefices retenus ....................................................... 3,936 Transferts des primes sur actions ................................................... 12 Gains stir vente 00 maturii8 d'actif ................................................. 193 106 74 198 484 (168 1,251 (363 132 Pertes rêeiles sur placements........................................................... 794 Autres rajusiements y compria lea posies lnexpliqués ................. 265,664 Reserves pour placements et du fonda de reserve 8 Ia fin....... Ajouter: 2 3 4 DCduire: .2 00 224,631 232,875 233,851 262,170 Disponibles seulement 8 partir do quatrl8me trimestre do 1986. 5 6 'l - 16 - TABLE 8. Trust companies Quarterly Estimates of Movements of 1966 1967 3 thousands of dollars Sorces 1 Internal 1 Profit (before taxes) ................................................................... 7.743 7.706 6.310 12.590 8,583 10, 059 8, 178 2 Depreciation................................................................................. 3 Amortization .................................................... ............................. 718 698 903 734 882 813 833 74 103 76 109 441 242 73 4 Paid-in capital .................................... ........................................ Demand deposits: 7.288 1,388 331 5, 133 1,912 997 I 930 5 Chequing ................................................................................... - 5.416 16,998 - 1.782 2,482 15.253 6, 179 - 306 14.312 - 14,329 - 18,654 - 12,949 1.479 12.620 8,387 93,788 - 115,079 31,592 192,034 71.709 94, 132 62,323 57, 183 118.158 64,471 2,636 1.195 15,149 - 1,099 2,997 - 2,356 1,161 External: 6 Non-chequing ..................................................................... Term deposits: 7 Less than 1 year ..................................................................... 8 1 to6years ............................................................................. 9 Over 6 years............................................................................. Canadian chartered bank loans: J . 3,176 2,572 - 4,892 475 1,532 - 99 - 453 442 27, 183 - 32,840 12.954 - 28,727 11.769 - 4.318 11,319 10 Canadian currency................................................................... 11 Foreign currency ...............................- .................................... 12 Other banks loans ........................................................................ 13 Short term loans and notes payable ......................................... 14 Parent and affiliated companies .............................................. IS Interest dividends and other liability ...................................... 16 Total of Items Ito I'S............................................................. 5.409 2,325 4,628 20,359 5- 387 252.521 56,330 94,481 62,487 215,440 3,073 2,6212,772 3.537 3,039 2.952 2,872 3,563 - 4,634 3,383 3,485 4,978 - 9,809 5,352 41,935 3,098 3,957 4,058 3,369 - 8,867 - 4,243 13 2,215 - 2,211 18, 869 1,698 400 88 466 987 5,842 205 2,444 4, 175 - 7, 187 1, 124 15,019 6,189 - 2,514 10.605 10,397 11,758 30,902 2,897 22,711 6,880 22, 195 5.508 3,463 2, 275 2,855 8,814 20,777 30,626 24,590 740 2,482 9.828 2.890 5.025 16,313 - 8,758 125.705 30,442 16.067 - 89,988 28,363 15,884 44,544 77,949 39,647 - 2,283 - 3,969 9,311 9,278 64, 194 8,979 7,714 7,422 - 1,903 } 21,961 1,913 1, 137: - 7,704 5,94 22.266 149, 870 Applications' 17 Dividends......................................................................................... 18 Income taxes payable ..................................................................... 19 Cash and hank demand deposits ................................................... 20 Other demand deposits ................................................................... 21 Foreigndeposits .............................................................................. 22 Canada treasury bills ..................................................................... 23 Government of Canada .................................................................... 24 Provincial governments ................................................................. 25 Municipal governments .................................................................... 26 Finance Companies notes .............................................................. 27 Commercialpaper ........................................................................... 28 Bank term deposits ......................................................................... 29 Term deposits with other institutions .......................................... 30 Corporation bonds ............................................................................ 31 Collateralloans ............................................................................... Mortgages: 32 NationalHousing Act ................................................................. 33 Conventional............................................................................... 34 Canadian preferred and common shares ....................................... 35 Foreignsecurities........................................................................... 36 Subsidiary and affiliated companies.............................................. 37 Interest and rents receivable.......................................................... 38 Real estate and equipment............................................................. 39 Other including unaccounted items ............................................. 40 Total items 1'? to 39 ............................................................... Refer to note, page 49. 4,448 35.327 5,329 - 1.015 - 5.744 38,485 12,732 7,083 1,328 2,330 20,812 - 3,122 8,682 18,395 3,668 62.882 78,905 47,309 f 4,458 6,814 - 1,004 - 2,615 81 33, 160 79, 132 1,765 1.546 2,233 3,007 - 166 67, 368 391 1.703 3.029 991 3,572 2,858 3,466 3,689 5,679 - 865 2.433 693 372 - 3.089 508 8,664 1.977 4, 125 1,965 5,794 2,324 8:3 2.534 - 877 2.017 - 956 24,019 - 719 - 844 - 2,518 6.374 - 631 4,026 252,521 56,330 94.481 62,487 215,440 22,266 2, 196 149,87(1 • T.SLEAU 8. Socitês de fiducle nations Erimestrielies des mouvements de In trésorerie 1967 4 1968 2 3 No mullets de dollars Provenance' 11, 489 866 60 8, 109 802 127 8,632 874 313 8,885 967 49 15,279 839 159 2,037 823 4,096 4,068 13,916 - 5.313 2, 559 14.705 13,446 - 11, 183 - 14, 123 705 9,995 5,730 48,963 - 15,422 97,217 522 - 9,893 89,546 - 1,328 48,073 68.298 - 1,788 170,429 58.555 31 - 34.426 78,978 - 159 - 3.875 1.468 3,048 - 2,393 - 3,722 2,634 - 15. 252 - 1,555 17,868 - 545 10,222 1,465 1,510 8.430 - 3,525 878 - 5,385 11,996 17.614 - 111 10,782 7.865 753 114,385 136,486 276.394 123,282 Interne: 9.105 Béfléfice (avant impôt) ................................................................... 760 Dépréciation .................................................................................... 2 51 Amortlssement ................................................................................ 3 Externe: 2,757 Capital verse .................................................................................. 4 D&pôts a demando: - 584 Retraits par cheque .................................................................... 5 25.711 Retraits en argent seulement .................................................... 6 Dépôts i terme: 136,778 Moms d'un an .............................................................................. .7 67.792 Unanàslxans .......................................................................... 8 - 5,866 Plus do six ans .......................................................................... 9 Emprunts des banques a charte: 858 En monnale canadlenne.............................................................. 10 En devises étrangëres................................................................ 11 1,230 Eniprunts des autres banques ........................................................ 12 78 Eniprunts et billets a court terme ................................................. 13 - 6, 948 Les soclétés mares et les sociétés affiliées ............................ 14 8. 109 lntêrêt, dividendes et autre passif ............................................... 15 239,741 Total des postes 1 a is ............................................................ 16 Emplol' 3.965 4,228 38,157 215 2,937 - 2,084 20,255 13 - 7,719 - 20.366 - 44, 185 27,975 - 1,982 - 8,155 1,095 3,426 2,325 - 38.658 1,080 26,251 19.301 23,284 - 19,827 7,039 33,492 3.278 - 61,271 - 2,242 24.030 27, 180 4, 142 3,723 5,595 2,876 - 947 - 6,821 26,964 - 7,013 507 27, 571 7,724 9,826 1,393 12,359 - 38,497 3,852 2,999 13,499 2,336 - 525 10,134 - 39. 198 32.414 - 1,326 41,581 24,322 16,106 13,912 4,949 39.943 3,446 7, 137 16.495 - 2,339 - 189 - 2,274 51,528 - 6,170 2,556 - 44,991 - 13,110 55.028 565 - 11,675 - 1,223 3,332 Dlvidendes 17 3,351 Impôt sur 10 revenu a payer ........................................................... 18 - 29673 Encatsse et dépbt & demande ....................................................... 19 1,637 Autres d6p8ts a demande bancaires ............................................. 20 - 15.904 Dépf,ts a l'étranger ......................................................................... 21 - 5757 Bonn du TrCsor do gouvernement du Canada .............................. 22 17.405 OblIgations du gouvernemeni clu Canada ..................................... 23 2.753 ObligatIons des provinces ............................................................. 24 - 4,790 Obligations des municipalités ....................................................... 25 7.270 BIllets de sociétés de financement des ventes........................... 26 40.435 Titres commerciaux ......................................................................... 27 123.507 Dêpôts a lerme bancaires ............................................................... 28 3.755 Dépôts A terme dans d'autres Institutions ................................... 29 - 5.067 Obligations des soclétés ............................................................... 30 252 Pr8ts sur nantissement ................................................................... 31 9,992 54.694 - 2,222 8.208 - 1,713 - 5,230 - 1,067 -, 1,322 6,289 46.675 2,764 - 304 151 4, 127 1,589 4,406 15,732 68,060 - 3,407 311 4,117 - 1,841 2,068 2,044 1,921 93.920 4,318 8, 169 18,911 1,235 505 2,685 15,855 55.652 4.377 - 10,027 3,701 762 602 - 2,424 Hypothèques: 8.599 Lol natlonale sur i'habltation ................................................... 32 64. 992 Ordinaires ..................................................................................... 33 497 Actions prlvuléglées et ordinaires de soclétés canadlennes..... 34 - 2,929 Valeurs êtrangères........................................................................... 35 21.796 Les filiales et los soclétés affillées ........................................... 36 5,727 Inté,êt et ioyers A recevoir............................................................. 37 - 736 Blens Immobillers et outullage .................................................... 38 - 711 Autres, y compris Len posIes inexpliqués ................................... 39 i, 689 114,385 136,486 276,394 123,282 'rière d so référer au envoi génrai, page 49. 239.741 Total des nostOs 17 a 40 - 18 - TABLE 9. Mortgage Companies Quarterly Stateirnts of Esttmated Assets, Liabiltties and ha holders' Eq 1966 1 No. 2 1967 1 2 3 4 3 thousands of dollars Assets 2 1 • Cash on hand and demand deposits: In Canadtan dollars: Cash and bank demand deposits ......................................... 39.752 i ii Demand deposits in other institutions ................................9.511 35.832 5.323 21812 4,822 31,049 927 29,899 1,792 38.234 25,732 3.243 4.591 ForeIgn currency ........................................................................... 3.691 2.153 150 113 217 397 201 Investments: Investments in Canadian securities: Canada treasury bills ................................................... 7.874 Government of Canada ...................................................... .....119.237 Provincial governments .................................................... .....45.912 Municipal governments ........................................................ 9.706 Sales finance notes ........................................................... 1, 8.863 Commercial paper ............................................................... 3.920 118,544 45,483 9.589 109,871 44,412 9,699 12.305 11.098 27,543 23,192 28.047 21.899 6.502 118,047 44,104 9,971 f 285 858 5,451 4.951 24.005 21.565 101.703 54.904 9.652 4.398 11,617 10,964 5,517 26,700 27,320 5.882 120.331 124.433 51,623 49.516 9,843 10.773 2,000 6,407 20.895 7,767 8,710 lb. 364 5.197 5.579 29,610 29,194 21,811 21,811 1,890.674 .> 1.940,64 1 128.128 54, 796 4.070 55.852 4,186 1 1.820.608 57,693 4,252 132.209 1.825.089 60.954 4.073 131,266 133.782 1,849,948 1,898,614 67.340 67,741 4,709 4,550 197.591 196,889 195.385 197.239 194.625 191.653 2 3 • b c d e i II Ill lv v vi vii viii lx a i ii Bank term deposits Term deposits in other institutions Corporation tmnds ................................................................. 27.292 Collateral loans ..................................................................... 20.592 Mortgages and sales agreements: N.H.A. loans ....................................................................... 1 C'onventional mortgage loans ........................................... j 1.857.059 Canadian preferred and common shares ............................ .....55.074 Foreign sciuritle. ............. .................................................. .....3.475 Subsidiary and affiliated companies: Shares ................................................................................ 199,990 } 4 Interest dividends and rent receivable 3 21.806 20,048 21,778 21.891 5 Real estate and equipment ........................................................... 52.027 54,901 55.957 58,917 60.488 60,355 61,919 6 ther assets .................................................................................. 16.309 16,285 18.260 15.530 17,207 19.594 20,t, '7 Total assets 3 ...................................................................... 2,476,364 2,502,201 2,523,578 2,570, 147 2,601,990 165,972 197.978 161.391 209.364 164.849 219,289 169.519 220,073 175.045 170,701 229.680 234.095 1,434,247 1,455,185 f 26,902 834.412 1 624.629 29,937 853.567 632.295 36.662 36.466 892.186 928,760 646.414 647.106 Bank loans: Canadian chartered banks: I Canadian currency ............................................................. 55.545 Foreign currency ............................................................... 11 2 576 Other bank loans ................................................................... J , 58,500 49,903 55.519 2,386 2.623 ' 11.864 11, 47.786 10.817 947 39.445 49,448 8.654 9.724 500 438 hort term loans and notes payab]e ........................................138,032 136.157 128.428 95.048 83.418 87.008 68.904 176.379 182.236 177.385 180.231 2,667,391 2 , fl., Liabilities 11 12 13 a b Demand and savings deposits: Chequing ..................................................................................... 148.475 Nonchequing ............................................................................ 202.926 a b c Term deposits, original term of: Less than one year ............................................................... 1 One to six years ..................................................................... ' 1,408,107 Over six years ....................................................................... .1 a b 14 15 Parent and affiliated companies 2 16 Deferred income 4 ......................... .. ........................................... 17 Accumulated deferred income taxes 4 ...................................... 18 Other liabilities 3 ......................... ' 1,323 232.423 216,735 224.189 58.564 71.007 63,896 64.856 19 Minority Interest In subsidiaries 4 ....................... .. ............ 11 Paid-in capital ........................................................................... 121.240 122,312 122.581 123.581 123,180 128,967 129.750 167,914 169,914 1 31.038 31,887 33,844 35.959 95,056 95,816 95.915 95,874 52,003 49,505 51,790 50.541 2,570,147 2,601,990 2,667,391 2,702,87it Shareholders' equity 2 lnvestmentreserves .................................................................. .1 13 Reserve fund ............................................................................... 14 Retained earnings 3 15 J 167,040 Total liabilities and shareholders' equity ..................... 2,476,364 2,502,201 2,523,578 1 . ... . .. . . t H.. &Prlorto fourth quarter 1966, a number of companies reported investments .. requested to be reported at original cost with investment reserves reported in item 2 Some data not available prior to fourth quarter 1966. H. ...... - H ....................... 3 Prior to fourth quarter 1966, total assets excludes dividends, accrued intH bined liability items, interest, dividends, and other payables, and retained earnins.-. Some data not available prior to first quarter 1969. .: - S - 19 - TABLEAU 9, Soc iLs de préts hypothcaires fLnancirs trimestreLs Estuijations de lactif, du jiassif Ct di' In part des acitonnaires 4 1 i 1968 1969 j_ 1 2 milliers de dollars AcLIP 19.715 31,998 21.684 5. 744 5,564 11,313 100 102 1.603 8.488 2.712 124.866 112.774 48,675 57. 188 10,349 9.384 3,799 8.049 6.619 14,436 17,356 26,618 4,734 3,155 27.568 32.403 21,375 23,897 2.466 115,569 53,641 8,406 8.159 2,916 28,612 5,097 30.139 22,982 130,216 129.283 1,943,077 1,954,876 68. 128 67,428 4,928 5,573 15.067 22,841 30,833 30,236 100 24, 147 55 3,301 Encaisse et dépbts a dernande: 1 a En dollars canadiens: Encaisse itt dpots a demands bancaire ........................................ Depots a dernande dans d'autres institutions ................................ ..U Devises ètrangeres ..................................................................................... 2 Placements: 3 a Placements en valeurs canadiennes: Boos du Tr'sor du gouvernernent du Canada .................................. Obligations du gouvernenient du Canada ......................................... it Obligations dos provinces .................................................................III ObligaUons des rnunicipalitês ........................................................... Lv Billets des sociêtèn de financement des ventes ........................... V Titres comrtierciaux ............................................................................. vi D'pÔLS a terme dana los banquen ..................................................... vii Dpots a terme dans d'autres institutions ....................................... vIU Obligations des soci#tév.................................................................... lx Pr'ts sur nantissement ....................................................................... a h Hypoihlques et conventions de vente: Prèts dv Ia lot nationale sur l'habttation ..................................... Pr1s hypothcaires ordiriaires ..................................... .................. .U Actions privilégiêes et ordinaires do sociètés canadionnes ............ c Valeurs êtrangres ................................................................................. d e Los filiales et los sociétés affiliées: Actions ................................................................................................. Avances, billets S ordre, etc. .......................................................... .U 115.318 47,921 8. 701 19,071 9,064 29.053 5,000 30,670 28.970 99 121,978 46,933 8.381 10,570 1.462 30.019 4.955 31, 114 24,940 117.001 47,816 8.092 13,040 11, 161 34.699 5.024 29.577 28.053 132.245 1,984.809 70.513 5,405 147, 112 2,037,740 71,925 5,475 152,128 2,082,988 71,295 5.265 168,782 2,087.325 103,865 5.890 207,668 205,454 211,833 211.642 214.234 86,392 137,628 24,046 22.333 23.068 24.044 25.328 24,102 IntSrét, dividendes et loyers S. recevoir' ................................................. 4 61,645 61.478 60,855 60.392 60,094 51,257 Biens immobiliers et outillage ................................................................. 5 21,041 22,375 27,232 27,461 23.584 31.729 Autreactil ................................................................................................... 6 1,772,420 2,786,766 2,826,578 2,917.576 2,976,598 3.018,936 Totaldel'actif' ................................................................................... '7 Passif Ubi 144.188 245,848 256.968 143.490 272.615 151.485 275,369 156,709 292,835 154,547 293.288 Dôp&s S. demande ou dépas dans des comptes d'Spargnes 11 Retraits par cheque .................................................................................. a Retraits en argent seulement .................................................................. b 43,415 34,067 959.024 984.770 649,024 648.154 37,003 1,011.128 645,446 42,538 1,049.437 646,067 41.365 1,091.930 646,784 48.638 1,110.302 626.888 12 DSp,ts a terme, terme Initial: . De moms d'un an .....................................................................................a D'un Ssixans .........................................................................................b De plus de six ans .................................................................................c 50,095 43,066 14,037 11,920 148 350 39,900 8,680 1,079 58,000 7,584 3, 153 37,574 4.314 3,068 28,485 3.225 3.090 Emprunts bancaires: 13 Des banques S. charte canadlenne: a En monnaie canadienne .................................................................... En devises Strangres ........ ... . .......................................................... ..U Emprunts des autres hanques .............................................................. ..b 78.686 79.761 86.531 80,709 80.527 90,131 Emprunts et billets S. court terrne .............................................................. 14 179,010 178,612 179,116 183,490 179.524 189,644 Les sociStS.s mSres et lea soctètés affiliSes' ...................................... 15 4 ,567 Revenu differ6 4 ........................................................................................... 16 12,453 lmpôts sur le revenu differS cumulS 4 ........................................................ [7 103.726 Autrepassif3 ............................................................................................... 18 1 lntérêt mjnoritalres dams Ins flhiales 4 ..................................................... 19 65,007 75,243 67,553 76,019 87.283 Part des actionnai.res Capital verse ............................................................................................. 132.508 130,845 131,756 134,658 136,021 135.984 37, 131 35.201 40,591 41,762 42,385 42,447 RSserves pour placements ......................................................................... 22 112,181 115,145 114,059 118,393 122.505 121,556 Ponds derSserve ........................................................................................ 23 54.222 48,476 47.631 48,912 53,774 49,964 BSnSfices retenus' ..................................................................................... 24 2,772,420 2,786,76 2,826,578 2,917,576 2,976,598 3,018,936 Total du passif et de Is part des actionnaires ..............................25 tAvant In quatriSme trimestre de 1966, uncertain nombre de sociStCs dSduisaient do leers placements en valeurs mobiliSres lea reserves pour placements. . \laintenant, on demande de declarer Ins placements ou cout d'origine, les reserves pour placements Slant dSclarSes au poste 22. 'Disponibles seulement a partir du quatriSme trimestre do 1966. 'Avant Ic quatriSmt' trinmestr& de 1966, l'actif total no comprenait pan los dividendes, les intSrets courus 01 les autres comptes S. recevoir. On dSduit ces omptes S. recevoir du total du passif, des tn1&rets, dividences et autres comptes a payer et des bSnSf ices retenus. 4 Disponibles seulement S partir du premier trimestre de 1969. 20 - - TABLE 10. Mortgage Companies I Quartery Statements of Estimated Revenues and Expr: J 2 1 No. 367 1966 3 2 1 4 3 thousands of dollars Revenues 31 32 33 34 35 36 a b Interest earned ...................................................................................... 38, 860 Cash dividends received from: Companies in Canada ......................................................................... . 856 Companies outside Canada ............................................................ Commissions earned from sale of real estate ................................... 1 200 Fees and commissions earned on estates, trusts and agencies.... 40,401 41,432 41,985 41,208 42.334 43,551 852 1,011 3,880 762 1,124 1,050 221 217 223 223 256 380 J Profit (less losses) on sale or maturity of assets .......................... Other revenue including rents .......................................................... .. Total revenue ............................................................................... 37 7,116 6,784 6,382 6 , 126 5,956 6.289 6,170 7, 032 48,258 49,042 52, 184 48.149 50,003 51,151 26,929 27,865 537 28, 706 28,096 28.648 472 131 785 30,001 621 133 Expenses 41 Salaries and employee benefits 1 42 Salesmen's commissions' ......... 25,952 43 Interest expense .................................................................................... Depreciation .......................................................................................... ..52'? 44 .. 45 Amortization ............................................................................................. 151 .................................... 46 Transfer to investment and other reserves' 47 Provision for income taxes: a Current .............................................................................................. . 1 3 567 Deferred ................................................ ........................................... f b . 1,846 Otherexpenses .................................................................................... . 48 557 146 228 575 136 118 2,716 3,050 3,263 3.292 3,290 3,081 1 3, 277 12, 102 10,666 10,592 11.435 10.800 49 Total expenses ............................................................................. 42,043 43,625 43,782 43.238 42,883 44,084 44, 6:16 51 Net profit ................................................................................... 4,989 4,633 5,260 8,946 5, 266 5,919 6,515 Some data not available prior to first quarter 1969. TABLE 11, Mortgage Companies Quarterly Statements of Estimated Retained Earnings 1967 1966 2 1 41 3 1 3 2 thousands of dollars 61 Opening retained earnings' 50, 285 52,003 49.505 51,790 Add: 50 51 Net profit ........................................................................................... 4,989 Profit on sales or maturity of assets ....................... ..................... - 56 4.633 1 5,260 6 8,946 974 - 5.266 106 5.919 367 6,515 203 3,341 3,396 4,270 485 1,129 2,318 5,441 142 759 1, 316 1,715 1,770 3,548 1,962 516 2,457 52,003 49,505 51, 790 50,541 Deduct: 65 66 67 64 Dividends declared ........................................................................... .,666 3 Transfers to reserves' Transfers to reserve fund' Other adjustments including unaccounted items' 68 Closing retained earnings' - - Some data not available prior to fourth quarter 1966. TABLE 12. Mortgage Companies Quarterly Statements of Estimated Investment Reserves and Reserve Fund 1 I A 1967 1966 2] 3 1 4' ~- 2 3 thousands of dollars Opening investment reserves and reserve fund' 105,129 126.094 127,703 129,759 1,614 7 5,920 901 1,770 1.962 Add: 2 3 4 Transfers from retained earnings Transfers from premium on shares Profit on sale or maturity of assets - 7. 201 - Deduct: S 6 7 Actual investment losses Other adjustments including unaccounted items Closing investment reserves and reserve fund Some data not available prior to fourth quarter 1966. - 1,941 15,365 126.094 - 87 594 127,703 t6 - 129, 759 131, s:t:t - 21 - US TABLEAU 10. Sociétts de prts hypothtcaires Financiers trimestriels -U Im,ttin d- r. 'flu, din'nses 1969 "h 'I I 3 2 1 4 N° millers de dollars 45.506 43,479 47.065 46.753 4.072 1759 1,868 1.413 51.316 49,434 4.7 J 6.371 6,29 1 6 , 102 6.325 7,241 56,197 51,780 55,416 54,832 63,665 31,081 320 118 29,614 585 126 32,775 649 127 31,765 588 135 36,753 591 148 11,050 11.682 11,411 12,815 45.955 45,158 48.884 48,964 10,242 6,622 6,532 5,868 12,308 55,178 8,487 1 1 347 7.434 58,620 4,504 2.453 33.659 571 127 1,113 f Disponibles seulement 1,181 - 78 3 299 1 4,350 299 7,312 54,388 4,232 Revenus 1ntrt reçu ..................................................................................................... 31 Dividendes comptants reçus de: 32 Socit8s au Canada .................................................................................... a Scoiétés hors du Canada ............................................................................ b Commissions provenant de is vente d'Imeuble mn ...................................... . 33 Droits et commissions reçus sur successions, afFaires fiduclaires et 34 agences. Gains (moms pertes) sur verites ou maturite dactifs ............................... 35 Autres revenus y compris loyers .................................................................. 36 Totaldesrevenus.. ................................................................................ 37 Dépenses Salaires Pt avantages sociaux' .................................................................... 41 Commissions aux vendeurs' ......................................................................... 42 Dripenses en 1ntrêt ........................................................................................43 Depreciation ................................................................................................... 44 AmorUssement ................................................................................................. 45 Transferts ails reserves pour placements et autres .................................. .46 Provision pour tmpôt sur le revenu: 47 Courant ........................................................ a Differe ...................................................................................................... Autres dispenses ............................................................................................ 48 Total des d(penses ............................................................................... 49 51 B'n*Flce net ... , ................................................................ a partir des premier Lrimestre de 1969. TABLEAU 11. Soclétés de préts hypothécaires tats financiers trimestriels - Estimations des hCnCfices relenus 1968 . r ±i 50.541 10.242 121 3,907 2.058 938 - 221 54.222 3 4 No milliers de dollars 54,222 48.476 6,532 328 6,622 96 10.925 -1,149 719 1,969 47,631 5,868 351 2,260 5,558 4,371 1,196 1,387 47,631 48,912 - 1,500 48,476 Disponibles seulement 1969 - - 629 a partir du quatrième 48.912 8.487 - 1,080 4,063 419 691 - 2,628 53.774 53,774 RCnéfices retenus so debut' ........................................................................ 31 4,232 - 4 Ajouter: BCnCflce net .............................................................................................. Gains sur vente ou maturite d'actlf ...................................................... 10 Déduire: Dividendes declares.................................................................................. Transferts nun rCserves' ........................................................................ Transferts sun fonds de reserve' ............................................................ Autres raJustr'ments, y compris les postes Lne*pliqués' .................... l3énCflccs retenus A Is fin' .................................................................. 35 36 17 34 3,359 - 217 7 4.889 49,964 31 trimestre de 1966. TABLEAU 12. Soclétés de prêts hypothécaires Etuis tinanciers trimeslriels -Estimations des reserves pour placements et du fonds de reserve 1968 4 1 2 1969 3 4 1 No milliers de dollars 131,833 149.312 150,346 154.650 160, 155 164,890 Reserves pour placements et du Fonda de reserve au debut' .................. 2,996 - 430 1T 370 2,246 29 4,058 103 41 1,196 4,944 - 4 1.110 3.330 205 - 210 Ajouter: Transferts des beriefices retenus ............................................................ Transferts des primes sur actions .......................................................... Gains sur vente ou maturité d'actif , ...................................................... 2 3 4 192 619 119,312 150,346 10 - 112 - 7 1,128 - 366 154,650 160, 155 11 - 101 164,890 DCduire: Pertes réelles sur placements ................................................................ Autres rajustements y compris les posIes inexpllquès........................ Reserves pour placements et du foods de reserve a Is fin .............. 5 6 7 Disponibles seulement a 638 partir du quatrième trimestre de 1966. 7 78 164,003 - 22 - TABLE 13. Mortgage ('umpanies Quarterly Estimates of Movements of Fuel 1967 1966 3 No. thousands of dollars Sources 1 Internal Profit (before taxes) ..........................................................................8,556 . . 7,349 8.310 10.268 7, 258 9,183 6.837 2 Depreciation ........................................................................................ 527 557 537 472 784 574 620 3 Amortization ........................................................................................151 146 228 131 119 137 134 2,230 1,072 269 698 92 5.887 683 3,547 17.497 3,458 4,670 5.526 127 4.948 11, 386 2,075 784 9,607 3,035 6,725 36 , 343 26,140 20,938 30,758 19,155 38.619 36.574 7,666 14.119 692 10.003 External: 4 Paid-in capital ................................................................................ .. Demand deposits: 5 Chequing........................................................................................ .. 6 Non-chequing ................................................................................. .. - - 4,581 - - 4.344 - 4,415 Term deposits: 1 7 Less than 1 year ........................................................................... 8 ito 6 years ..................................................................................... over6years ................................................................................... 9 J - 196 Canadian chattered bank loans: 4,246 10 Canadian currency .......................................................................... 11 Foreign currency ..................................................................................I 12 Other bank loans2 13 Short term loans and notes payable ................................................ - 2.955 - - 8.597 5.616 - 7,733 - 8,341 237 10,564 - 1,047 - 2,163 190 - 14 Parent and affiliated companies 15 lnter.'st, dividends and other liabilities ........................................ 16 Total ol items I to .................................................................... 13. 081 8.211 - 1.875 - 7.729 - 33,380 - 376 - 11.630 1 5,857 1.070 447 62 - 3.590 -18, 104 - 4.851 2, t - 7,111 15.688 7.732 22,476 46, 720 :13,015 28,730 48,986 40,893 71,054 42, I S 3,577 - 12.443 } Applications' 17 Dividends .............................................................................................. 3,666 3, 341 3, 396 4.270 5,510 1,744 18 Income taxes payable .......................................................................... 3 ,56 7 2.716 3.050 3, 263 3,287 3.285 19 Cash and bank demand deposits ........................................................... - 7,519 - 3,920 - 14,020 9. 237 - 1,150 8,335 20 Other demand deposits ........................................................................... 2,582 - 4,188 - 3,895 865 1,451 21 Foreign deposits ..................................................................................... 3,563 - 1,538 - 2,003 37 104 180 22 - 3,954 - 3,920 6,502 - 6,502 5,882 23 Canada treasury bills ............................................................................. 7,874 Government of Canada .. ...................................................................... ...2,430 8.176 - 16.344 24 Provincial governments ...................................................................... 6,901 11,002 25 Municipal governments .......................................................................... 26 Finance Companies' notes .................................................................... 27 Commercial paper ................................................................................. J 501 - 693 - 8,673 6,655 - 430 - 1,065 278 - 117 110 3,442 1,207 - 6,643 - - - - 272 - 9.955 - f1 5,513 Bank term deposits' 29 Term deposits with other institutions' 4.951 566 30 Corporation bonds .................................................................................. 3,923 251 4.042 2,695 31 Collateral loans ........................................................................................ 2 80 2,600 334 5,755 Mortgages: 32 National 1-lousing Act ....................................................................... 33 Conventional ..................................................................................... 1 - 18,026 504 - 1,293 49,950 8,212 278 1,056 1,841 595 116 66 35 36 Subsidiary and affiliated companies ................................................. 37 Interest and rents receivable' 38 Real estate and equipment ................................................................. 2,072 3,431 1,593 39 Other including unaccounted items ..................................................... 2,155 541 2,339 46. 720 33,015 28,730 Total items 17 to :19 .................................................................... 40 2 3 Refer to note pago 49, Some data not available prior to first quarter 1967. Some data not available prior to fourth quarter 1966. - 983 - 33.615 Canadian preferred and common shares ................................................ 217 - 307 Foreign securities ............................................................................... 34 - - - 2,399 - 702 - - 3,787 1 4.081 1,348 - - - 4,102 - 2,513 930 2,398 4,407 2,254 - - 13,128 7,654 320 2.910 - 196 5,882 191 9.278 11.617 28 5,451 12,502 18.628 - 319 255 3.076 - 382 - 5.509 416 - 943 2,516 •• 4.481 24,859 48,666 3,261 6,386 179 636 - 1,854 1.504 - - 2.614 401 - 159 2,972 1.758 1,730 113 3.432 2,355 441 2, 184 1.825 944 2.943 48,986 40,893 71.054 21,806 - - 42, 18 - 23 - FABLI'%t 13. Soci(-tes de prts h3'pothIcaires lstirnations trimesrielles des mouvements di' Ia trsorerio 1967 1 1968 4 milliers de dollars Provenance' Interne: 13,613 9.537 10.335 9,523 13,854 591 8.818 BénItice (avant impót) .................................................................. 571 Dépréciation .................................................................................. 319 584 649 588 119 123 127 135 2 148 127 Amortissement ................................................................................ 3 18,078 583 711 8,887 5,747 1, 155 Capital verse .................................................................................. Depots a demande: - 2, 162 Retraits par cheque .................................................................... Externe: 383 698 7,995 5,721 11,129 155,647 2,754 17,963 9,348 25,746 - 870 2.936 6.516 1.173 26,358 - 2.708 38. 309 42,493 3,308 - 7.247 - 6.949 30,264 1,918 7,896 - - 3. 233 Retraits en argent seulement.................................................... 4531 DepOts a terme: 7,459 Moms d'un an.............................................................................. 18 ' 372 L Un àsix aims ................................................................................ - 10.015 Plus de six aims .......................................................................... Emprunts des banques 647 - 7.029 - 3.166 4.313 - 2,117 - 3,240 10,350 29.733 1ntIr4, dividendes et autres passif ........................................... 15 71,433 67,114 Total des postes I I Is ........................................................... 16 4,374 - 3,966 7.690 8,669 71,347] 31,445 47,264 104,609 - . 12 - 85 - 182 - i) 729 972 398 6,770 504 10.236 - 9 charte: 22 Emprunts des autres banques' .................................................... 11,994 Emprunts et billets a court term ................................................ 10, 120 Les soclétés mIres et les soclCtés affiliCes ............................ 2,074 - 5,807 202 7 8 10 - 3,270 290 9,782 - '21 5 8 - 8,444 En monnaie canadienne ............................................................ - 1,089 En devises étrangères .............................................................. - 20.064 18.455 - 1,096 - a 4 11 13 14 Emplol' 3,936 10.959 2. 289 4,402 4,063 3.383 3,129 3.918 3.657 - 4,647 5.378 15.766 11, 528 - 1.503 6.266 1.153 - - 101 8.488 433 10,314 180 2 - - - - 5.776 - 2,457 2.795 251 - 6,591 6,660 1,306 321 965 3,246 - 978 2,608 - 1,148 4,250 110 10.912 320 8.501 11.530 6,148 7,602 992 - 845 1.626 9.262 1.994 1,942 441 - 97 966 22 - - 424 8,630 246 7.395 62 90 - 12,092 1.527 1.969 5.749 1.501 - - - - 436 3.566 44,463 387 378 16,015 2,155 45 534 l', 347 7,817 - - - 1,579 4,835 - 2,522 - 933 11,799 - 700 - 645 - 114 1,713 2.264 531 597 915 6,213 4.024 2,962 14.867 5,016 29.683 2.790 57,022 1,641 46.541 - 783 168 70 - 191 - 210 3,558 - 6,674 735 1.577 1, 284 207 809 511 1.544 26 5,402 - 3.684 31,445 47,264 104.609 71,435 417 l'rlére de se rIfIrer au renvom gentru 1, page 49, Disponible seulement it partir du pre miter trirnestre 967. Disponibles seulement •a partir du qu atrilme trimest re 1966. videndes.......................................................................................... 3,351 ipOt sin le revenu ft payer .............................................................. 4. 641 icaisse et depOts a demande bancalres ...................................... - 6,22' mIres depOts 8. demande .................................................................. - 30, is: spots a l'étranger ............................................................................ 3, 131 )flS du Trésor du gouvernement du Canada................................. - 91 iligations du gouvernement du Canada ........................................ - 4,97' mligatwns des provinces ................................................................ 88: mligattons des municipalités .......................................................... - 281 liets de sociétés de financernent des ventes ............................ 2.47( tres coiflmerclaUX ............................................................................ 9,691 (pOts 8. terme bancaires' ................................................................ 4,681 pots a terme dans d'autres InstItutIons' .................................... 61 - 1,53 mligations des sociCtés .................................................................. 3, 11 Its sur flantissement ..................................................................... 67, 11 19 20 21 22 23 24 25 26 21 28 29 30 31 pothèques: Lot nationale sur l'habitation .................................................... Ordinaires........................................................................................ 8, 25' tions priviléglées et ordinaires canadlennes ............................ 32,07 mileurs étrangères ............................................................................ 62! 10,41 ?S filiales et les sociétés aItlliées .............................................. tIrtet loyers I recevoir' ............................................................ - 1,22' Lens immobiliers et outillage ........................................................ 1. 1Z tres y compris lea postes lnexpliqués ........................................ 10,431 16, 65 17 18 l 'otal des posIes 17 139 .......................................................... 32 33 34 35 36 37 38 39 40 - 24 - TABLE 14. Local ('redit Inions Quarterly Statements of Estimated Assets, Ltabilitii'.s and Members' Eq; 1967 1968 No. thousands of Assets Cash and demand deposits: aOnhand ........................................................................................................... bIn banks .......................................................................................................... In centrals ....................................................................................................... C dOther ................................................................................................................ 2 Investments: aTerm deposits ............................................................................................... bGovernment of Canada .................................................................................. c Provincial governments ................................................................................ dMunicipal governments .................................................................................. eShares in centrals .......................................................................................... Religious institutions .................................................................................. I gHospitals ........................................................................................................ hOther ................................................................................................................ 46.236 48.878 28,223 29.612 28,555 303.866 269.232 274,967 10,941 10.717 12,500 101.762 99.334 101,716 46,517 48.019 40.473 75,401 78.242 288,545 273.597 280.735 288,545 48,053 47.951 49,414 26.890 27.744 28,844 13.718 15.959 16. 865 58.638 59.916 62.976 1.079.666 1,094.322 1.116,195 80.574 82.212 77,625 28.283 28.487 27. 271 59.469 55.899 62, 20: 798,883 831.331 861,893 896.811 60,640 63.438 68.401 79,51 25,473 22.754 25.939 30. 01 16,003 17,445 18,945 22.06 7, 81,733 81.859 85,112 86.984 18.692 21.510 21,734 22,616 19.739 20,129 22.283 23.355 3,342,300 3.381.566 3,479, 859 45,832 26. 172 28.1 272, 285.475 10.552 14,1 42.1 104.1 102,246 44, 44,389 71, 280 70.( 259.1 262,205 47,802 48. 22,( 26. 229 12.1 15, 373 49.1 56,589 44.869 3 Loans: a Cash loans: Ii Personal...................................................................................................... 967. Farm ............................................................................................................ 73. Iii Co-operatives and other enterprises ........................................................ lvOther ............................................................................................................ 1.037.606 78,197 25.! 28.283 64,817 58. b Mortgage loans: Dwellings................................................................................................... Farm ............................................................................................................ Ii iii Co-operatives and other enterprises ...................................................... IvOther ............................................................................................................ 769.1 59.' 21. 15.] 4 Fixed assets: 1 aLand and buildings ........................................................................................ 79.. bEquipment and furniture ................................................................................ 16.1 5 Other assets 2 ...................................................................................................... 18.1 TotaJ assets ...................... ... ...................................................................... 3,075,1 6 I, Dividends ........................................................................................................ . cOther ................................................................................................................ Liabi lilies 11 Accounts payable: aInterest ............................................................................................................ 1 3,223.927 1.559 1.986 1.596 24 977 17 2.075 26 3.1 4,942 5.452 5.275 5.386 60.1 88.172 86.429 92.770 89,359 9.506 10.599 9,771 8.261 4,309 4.275 3.733 5.036 1.536.241 1,602.855 1,592. 428 1.647,463 177,802 187.728 194.086 212.243 3,621 2.576 1,561 4,223 12 Loans payable: aCentrals .......................................................................................................... bBanks .............................................................................................................. c Other ................................................................................................................ 5. 13 DeposIts: aOrdinary .......................................................................................................... bTerm ................................................................................................................ 14 Other liabilities .................................................................................................. , 1, 469, I 164, 3 Members equities 20 Share capital ...................................................................................................... 1,174,1 1,201,034 1.228.027 1.252. 141 1.303. 113 21 Reserves .............................................................................................................. 133,1 137,825 139.403 142,150 151, 58.] 22 Undivided earnings ............................................................................................ 51, C 58,892 71,993 86.038 51.0!! 23 Total liabilities and members' eq,iities ................................................ 3,075,1 3,223,927 3,342,300 3,381,566 3,479,854 Fixed assets are shown after deduction of accumulated depreciation 'Other assets includes stabilization fund deposits. I • - 25 - TABLE-U 14. ('aisses locales d'èpargne et de credit its financiers trIrn((r(''k— Estimations il 'artil, dii passif di' 1'av1r (Ii's ScI.'talres 1969 1968 4 2 1 I No millers de dollars Actil Encaisse et dépôts h demande: 49,842 47,832 56.620 27.917 27. 181 32,575 281.242 283.869 295,465 14.992 13, 174 12,533 110.271 106,319 109,354 38,846 84, 142 39,830 41,669 85,356 78,600 293,740 292,625 289,701 49.887 46,647 48,735 31.354 29,128 33,074 17.033 17.107 16.621 64.275 64,144 61.091 1,177,518 1,207,627 1,247,361 81,895 87,746 93,829 27,332 28,604 30,558 61.096 59.179 56,629 (0, 982 950.601 956,942 54, 940 87.999 88,567 :12, 269 32,362 32.200 .6, 919 28.917 27,002 88.863 91, 121 90,292 23,415 28.714 29,303 24,079 27,579 28,938 3,612.849 3,684,661 3,757, 659 a 48.456 En caisse........................................................................................................ b 29.569 Dana les banques .......................................................................................... c 318.906 Dans les calsses centraies .......................................................................... d 15,565 Autres ............................................................................................................ Placements: 2 a 112,112 Dépôts a terme .............................................................................................. b 39,027 Obligations du gouvernernent du Canada .................................................... c 97.567 Obligations des provinces ............................................................................ d 285.153 Obligations des municipalités .................................................................... e 49,640 Parts soclales dans les caisses centrales ................................................ 27.311 Institutions religleuses ................................................................................ a 14.955 Hôpltaux ............................................................................................ ............ h 57.646 Autres ... ........................................................................................................... 3 Prêts: a Prêts sur reconnaissance de dette: 1.223.512 Personnels .................................................................................................. Ii 81,286 Agrlcoles .................................................................................................... Ill 28.706 Cooperatives et autres entreprises ........................................................ lv 54,183 Autres .......................................................................................................... b Prêts hypothécaires: 962,917 Habitations ................................................................................................ 83.643 Termes ........................................................................................................ IL 35.716 Cooperatives et autres entreprises ........................................................ III 24.797 Autres .......................................................................................................... lv Immobillsat ions': 4 92. 148 TerraIns et bitiments .................................................................................... a 28.417 Materiel et mobilier ........................................................................................ b S 28.044 AUtre actif' 3.737. 296 lotal de l'actif .......................................................................................... 6 Passif 11 Comptes 8 payer: Interat .................................. a 2,435 2,741 1,703 S 1, 154 107 5.516 6.078 6.374 108,032 115,409 116,158 104,963 Centrales ............................ a 13.959 13,841 10.714 9.807 Banques .............................. b 5.313 6,846 6.615 6,582 Autres .................................. 2.076 1.361 Divldendes .......................... b 2.982 Autres .................................. C 12 Emprunts 8 payer: c 13 Dépôts:. a 262.267 1.776.376 D P' 285. 128 Dépôts 8 terme .............................................................................................. 14 1.720,829 1,746.559 1,768,535 229,626 240,504 b 2.629 1,470 1,711 7,146 Autre passif ...................................................................................................... 1.308,936 1,310,733 1,326,334 1.315.851 Capital social .................................................................................................... 20 153,661 156.759 160.717 166,174 Reserves.............................................................................................................. 21 61,908 82,567 96,424 58,850 Bénéfices non répartis ...................................................................................... 22 3,684.661 3.757.659 3,737,296 Total du passir et de l'avoirdes soclétalres........................................ 23 Avoir des soclétairea . D hi-hon falte de lamortissement accumule. Y compris les dépôts du fonds de stabilisation - 26 - TtBLF 13. Central Credit Inions Quarterly Statements of Estimated Assets, Liabilities and Members' EquiM 1967 3 4 the usands of dollars Assets I Cash and demand deposits: aOnhand .......................................................................................................... 7.347 bIn banks .......................................................................................................... 69.138 C In centrals ...................................................................................................... 9.852 d Other ................................................................................................................ 2,463 8.671 9.763 76.295 44.540 9.630 15.962 3.387 2.855 8.308 11,186 43,945 54,302 11.388 9,561 3.806 3,214 12,905 15.980 24.661 26,660 64,280 62,748 57,829 59. 197 719 718 14,771 11.794 8,341 5.034 17,005 23.350 2 Investments: aTerm deposits ................................................................................................ 49.718 36,938 43.966 gHospitals ........................................................................................................ 7.454 Other ................................................................................................................ 16,747 24.103 23,750 61,714 58.169 55.645 669 669 14.269 13,872 7,703 7.910 15.940 16.683 66.044 94.458 11,081 11,899 25,116 25,470 24, 179 75.959 6.320 b Government of Canada , ................................................................................ 24.362 c Provincial governments ............................................................................... 59,096 d Municipal governments ,_ ............................................................................... 55,451 eShares in other centrals ................................................................................ 370 Religiousinstitutions ... ............................................................................... 13,472 h 61,081 3 Loans: a Cash loans: ICredit unions .............................................................................................. II Co-operatives and other enterprises ........................................................ Other ............................................................................................................ Ill 93.713 100,922 14.221 13.325 14.190 24.644 29.643 31.618 27,750 26.035 29, bc: 6.859 6,946 7.5; 5.508 4,729 4,7: 4.388 935 839 2.100 2.469 461.949 508,324 4.604 4.5s 96.917 b Mortgage loans: Creditunions .............................................................................................. II Co-operatives and other enterprises........................................................ Ill Personal ...................................................................................................... 6,143 lv Other ............................................................................................................ 4,599 4.607 3.718 3.944 4 Fixed assets: 1 aLand and buildings ........................................................................................ b Equipment and furniture ............................................................................... 905 5 Other assets ...................................................................................................... 2.245 6 Total assets .............................................................................................. 459.499 1.077 861 1,932 2,205 459,148 473.609 Liabilities II Accounts payable: aInterest ............................................................................................................ 1.404 2.261 h Dividends ........................................................................................................ 495 607 c Other , .............................................................................................................. 2.898 2,280 12 Loans payable: aBanks .............................................................................................................. 9.797 3,211 2.700 886 246 578 629 20.335 26,870 22,214 1.450 540 517 21.829 20.149 18,954 22,949 21.049 23.891 I Local credit unions .................................................................................. 247, 280 235,551 268.826 229,449 Other ........................................................................................................... 12,346 12.927 19.745 17.254 ILocal credit unions .................................................................................. 95.266 94.561 96,067 96.444 itOther ............................................................................................................ 6,069 6.195 5,641 5,878 14 Other liabilities ................................................................................................ 718 646 733 aLocal credit unions ..................................................................................... 45,307 45.350 45,714 46.578 bOther ................................................................................................................ 2,651 2,555 2,577 2.616 2,88.: 21 Reserves ............................................................................................................ 11.444 11.652 11.750 12.628 12,Stic 22 Undivided earnings ........................................................................................... 2.775 3.138 3.517 3.246 Total liabilities and members equities ............................................... 459,499 461,949 308,324 459,148 b Other .............................................................................................................. 13 DeposIts: a Ordinary: it h Term: 242.644 14,548 96,679 6.939 697 803 Members' equities 20 Share capital: 23 Fixed assets are shown after deduction of accumulated depreciation 47,470 473,609 • - 27 - TABLEAU 15. Caisses centrales d'pargne et de crdit ts tinanciers trimestriels-Estimations l'actit, do passif et de l'ovoir do's catses membres 1069 1966 2 1 3 No miutiers de dollars 12.541 69,482 14,918 3,531 21,713 59.231 17,195 3.926 21.825 58,146 17,364 4,530 12.095 11,705 25.653 25.777 64.046 66.060 59,327 60,790 597 591 12.044 12.879 5.061 5,383 24.968 23.433 14.088 14.638 26,330 62,969 61,270 739 12.278 5,424 23.725 16.74 0 38.595 12.385 2.968 115.089 122.092 16.022 16,410 28.575 27, 197 373 26.315 63.587 61.001 764 12.252 5.454 22.846 119.772 16.141 28.842 106,023 15,404 28.199 r 640 Actif I Encaisse et dépt a demande: En caisse ._ ........................................................................ft Danslesbanques........................................ ,, ................................................ ..b .C Dans les caisses centrales ........................................................................ Autres .............................................................................................................0 2 Placements: Dp6ts a terme ...............................................................................................ft .b Obligations do gouvernement du Canada .................................................. C Obligations des provinces ....................................... Obligations des municipalités .....................................................................d Parts sociales dans les caisses centrales ...............................................e Institutions religleuses ................................................................................ Hôpitaux ............... ........................................................................................ .g Autres .......................................................................................................... h Pr8ts: 3 a Prêts sur reconnaissance de dette: Caisses d'pargne etde credit .............................................................. CoopeTatives et autres entreprises ........................................................ iii Autres ....................................................................................................... b Prets hypothécaires: Caisses d'éparene et de credit .............................................................. Cooperatives st autres entreprises .................................... .................... . It Personnels ................................................................................................ III Iv Autres ............................................................................................. 30.785 26,247 7.188 4.486 6.190 4,574 30.318 6.156 4.419 5.797 .1)33 994 5,807 985 5,806 989 4 lmmobilisations': Terrains et bAtiments ................................................................................... a Materiel et mobilier ._ .................................................................................. b Aiitre actif . ....................................................................................................... . 2.315 3.092 3,193 -887,336 524,354 520,028 510.385 2,155 . S Total de l'ctif ........................................................................................... 6 3,461 902 731 3,735 296 251 1,809 497 361 Passit 11 Comptes 8 payer: IntCrCt .., .......................................................................................................... a Divtdendes ..................................................................................................... b C Autres ,_ ................................................ 33.913 34,792 23.647 31.077 19.244 21.462 14,628 15.549 Emprunts 8 payer: 12 a Banques , ..................................................................................... Autres . ............................................... .......................................................... b 2.349 843 354 Dap&s: 277.038 15.696 DCpôts a vue: Caisses d'4pargne et de credit ............................................................. Autres ........................................................................................................ Depots I terme: Caisses d'épargne et de credit .............................................................. Autres ........................................................................................................ 3 a 237.156 264.400 15,408 16,873 277,353 17.633 96.945 6.680 103.970 6,185 107,487 7.916 2.755 1.534 Autre passli ..................................................................................................... 4 47,587 2,539 49.966 673 Avoir des caisses membres 0 Capital social: Caisses d'épargne et de credit .............. .................................................... . a Autres . .................... ....................................................................................... b 99,313 6.637 1 14 693 316 47.845 2,990 it b .202 13.462 14,307 14.505 Reserves ............................................................................................................. 1 303 3.503 2.711 2.726 BCnti-es non rpartis ..................................................................................... 2 520.028 510,385 Total du passif et de l'a%'oir des caisses membres ............................. 23 •i;. :136 524.354 Deduction (site de l'amortissement aceumule. it - 28 - TBLE 16. Sales Finance and ('onsumer loan Companies Quarterly Statements of Estimated Assets, Liahili:ies, and Sh:eh ' 1 , s' 1961 . 1 2 3 14 1 2 thousands of dollars Assets 1 a b i ii Cash on hand and on deposit: In Canadian doUars: Cash and bank deposit .......................................................... .....40. 344 In other institutions ................................................................... 39, 859 In foreign currency .......................................................................... 1 3, 559 52,631 83,575 63.553 1,266 1.571 1, 172 12,685 22, 884 43,669 73.046 3,522 35,830 45,457 1.671 34,377 35,409 2,982 37,120 2 Accounts and notes receivable. .................................................. ..3.846.938 3.709,415 3,571,706 3.693, 173 3,704, 140 3,799,986 3,710,201 3 Othercurrentassets ...................................................................... ..8,559 8,969 10,038 6,954 0,593 9,346 9.523 4 Investments and advances: Investments in Canadian securities: Short term notes of finance and other companies 21, 762 5.433 31,982 10,937 33, 127 10, 185 14.116 10,053 32,741 15,037 33,479 8,900 860 1.536 31,950 15,702 38,017 9,717 4, 147 1,055 6, 527 20, 129 22.228 35,460 52,306 52,005 53,008 8.458 8.976 3,169 3.346 1.087 17.496 44, 130 81,576 8.366 11,300 381.029 ::::::::::::::::::::::::::::::::::::: ..367,579 J a I ii iii lv V b C d Canada treasury bills ............................................................ ...... Other Government of Canada debt ..24, 518 13,716 Provincial and municipal direct and quaranteed Corporation bonds and debentures ........................................29,867 Investments in preferred and common shares ..........................8, 525 Investments in foreign securities ..............................................1.722 1. Investments in subsidiary and affiliated companies: ii - 25,589 8,257 51,026 8,336 4,952 383,598 388,592 387.446 359, 149 293.955 30,965 33.983 34,808 35,541 36,383 36,403 36,360 1 32,830 32,573 31,926 32.021 33,944 33,655 32, 183 4,280,743 4,339,960 4, 272,852 4,374, 171 4,437,310 4,475,617 4,335,804 5 Land, buildings and equipment .................................................. .. 6 Unamortized debt discount ........................................................... 7 Other assets .................................................................................. 8 Total assets ........................................................................... 11 Owing parent and affiliated companies ....................................... 650,455 668,501 694,290 735.519 746, 179 757. 162 682.514 12 a b Short term bank loans: 308, 992 Bank loana and overdrafts (Canadian dollars) ....................... Other bank loans .......................................................................88,272 344,138 84,000 262.679 68.258 325.491 77.381 244,815 46. 171 259,219 46,181 238. 46. a b c short term loans and notes payable: Demand and short term notes (Canadian dollars) ................... Demand and short term notes (foreign currency) ................... Other short term loans ............................................................... 876, 962 160, 769 986 941,596 126.273 981 950,198 82,557 810 898,318 92,941 977 1,005,875 95, 125 1,669 965, 158 81,565 1,473 901,' 92. 1. a h Accounts payable: Income and other taxes payable ............................................... Other payables ......................................................................... 15,972 167, 191 19,269 157.910 22.446 136,359 21.829 157,685 21,147 166,983 19.724 163.788 24... 136. 565 a h Other current liabilities: Dealers' credit balances ........................................................... Other current liabilities ................................................... .......... 46, 229 5,619 49, 296 6,069 49, 782 6, 237 48,766 6,261 46.411 7.090 48,971 9,623 49,903 6,775 a b c Long term debt: 885, 527 Debentures, bonds and notes (CanadIan dollars) .................... 327, 750 Debentures, bonds and notes (foreign currency) .................... Mortgages and other long term debt ............................................ 3, 177 854,990 358,288 3.848 879,614 376,315 3,206 890.460 376,085 3,245 915,460 381,283 3. 122 953,008 372,479 2.847 959,716 373, 121 2,471 238,319 256.226 264,923 265.916 279.385 301,234 319,462 Pensions, trusts or earmarked funds ....................................... 1,087 Interest of minority shareholders ............................................. 185 1,099 210 327 283 1,787 194 1.790 191 1,555 1,057 1,246 337 342,666 344,126 349,173 349,516 355,791 356.126 134.782 143,226 Liabilities 13 14 15 16 Other liabilities: 17 } c d Shareholders' equity Share Capital: 21 II'pa...:1i':;:::;::::,::::::::::::::::::::::: .. 326.811 } Retained earnings ........................................................................... 176. 440 124.600 130.442 122. 143 125,098 .4,280,743 4,339,960 4,272,852 4,374, 171 4,437,310 4,475.617 4.335,804 Specified receiables:' Sales finance companies Consumer goods ............................................................... 1,121,000 Commercial and industrial goods ..................................... 644,000 Wholesale goods ................................................................. 486,000 1,176.000 679.000 493.000 1,204,000 682,000 288,000 1,184.000 668,000 424,000 1, 142,000 640.000 468.000 1,182,000 665,000 443,000 1,161.000 663,000 315,000 iv Total ................................................................................. 2,251,000 2,348,000 2. 174.000 2,276,000 2,250,000 2,290,000 2, 139,000 v '.1 Consumer loan companies: Instalment credit .................................................................67, 000 Cash loans...........................................................................989,000 70,000 1,031,000 72,000 1,058,000 74,000 1,089,000 72,000 1,114,000 74,000 1,166,000 75.000 1,189,001) 1,264,000 22 Total liabilities and shareholders' equity ...................... 23 Footnote: 1 a it iii Total ................................................................................. 1,056,000 1, 101,000 1.130,000 1, 163, 000 I, 186,000 1,240,000 b Other receivables 2 ....................................................................... 403. 000 328.000 338,000 324,000 338,000 343.000 c Total receivables ........................................................... 3,710,000 3,777,000 3,642, 000 3,763,000 3,774,000 3.873.000 d Allowance for had debts .............................................................- 63,000 e Total receivables (net) ................................................. 3,647,000 '.111 68,000 - 69.000 - 70,000 - 70.000 - 72,000 3,709, 000 3,573,000 3,693,000 3,704,000 3.801,000 - 379. 3,782, 000 - 72 3,710.11(p)) Detail of "Specified receivables" is taken from DBS publication. "Credit Statistics" (Catalogue No. 61-004). "Other receivables" includes capital loans, other non-personal loans receivables of subsidiaries engaged in other activities and sampling errors. - 29 - I .BLEAU 16. Soclétés de linancement des ventes et de prts aux consommateurs Etats financiers trimesiriels - Estimations do lactif, du passif, ci de is part des actionnairos _4 65,804 572 40669 3,863,898 7,470 1969 1968 1967 1 45,975 40.010 940 355 48,900 49,643 4, 124,097 3. 906, 461 7,313 12.538 57.874 36.668 680 499 51334 58251 4.057.081 4,313,766 1 3, 264 7,771 32.536 715 54.170 4,452,652 35, 249 54.044 14,393 60,622 - 25,891 9.448 5,066 21,454 49.669 85,980 8.377 68 5,065 19.399 42, 151 95,866 8, 184 129 24,400 40,101 102, 899 8, 234 3,844 27,779 18, 157 28,281 26,984 37,595 47, 227 13...22 102,714 108,717 8, 249 8, 166 7,868 378 3, 283 280 273,801 261,057 261, 396 258,942 247,593 21,014 21.860 22, 171 22, 169 22,721 31.418 32,454 31,597 34.384 32,861 4.501. 151 4,505,945 4.755,791 698,783 691.601 19, 797 39, 193 - N ---- 2 inilliers tie dollars - - - Actif I Encaisse et dépöts: a Dollars canadiens: En caisse et dèpöts bancaires .......................................................... Dans d'autres institutions .................................................................. . II b Devises étrangères.. ................................................................................ Comptes et billets a recevoir ................................................................... 2 Autres disponibilités ................................................................................... I 4 Placements Ct avances: a Placements en valeurs canadiennes: sociétës de financement et antics Billets a court terme des sociéks. ii Boss du Trêsor du gouvernement du Canada .................................. Obligations du gouvernement du Canada .......................................... . ili iv Gouvernement provinciaux et municipaux directe et garasite Obligations de socigtrs ....................................................................... v Placements en actions privilégiées at ordinaires ............................... b Placements en valeurs êtrangères ......................................................... C d Placement dans lea filiales ci lea sociéts affiliées: i:::r:::::::::::::::::::::::::::::::::::::::::::::::::::::::: 23,773 23. 656 13 . 386 2e;uiuiiiio . Immobilisations............................................................................................. 5 D5pense et escoinpte sur la dette amortie ............................................... 6 Autro actif ..................................................................................................... 7 4.719.687 4,926.896 5.006.839 Total de l'actif ..................................................................................... 8 695,279 686, 834 714,934 735,990 302, 131 25,838 261.735 18,743 188.992 293,032 17.816 18,638 174, 194 26,983 •e5, 029 I 17. 101 094 1,041,936 91,778 834 1,211.358 88,475 902 1,204,035 1,209,241 72, 109 101,663 268 422 1.326.002 123,321 24.583 158,033 22,948 106,287 20, 175 167,326 24,664 18.377 169,649 168,063 13,912 34, 549 48.490 6,537 44,961 12.969 47,465 17,669 48, 178 46,440 22,602 11,672 45,043 163.710 1,001, 099 380,701 2,385 942.585 375,863 2,408 957,533 388,316 2,446 986, 042 1, 060,774 398,214 354, 991 2,590 2,768 982,042 433. 697 4,032 332,327 1,007 255 335,761 1,218 244 367,557 1,275 149 380,438 399,010 744 774 153 129 . { ' - { 1,235 122 5 105,901 363. 045 360,227 359, 663 357. 516 359.539 141.686 146.356 149.725 158.843 166,429 175, 533 4.501, 151 4,505.945 4,755,791 4,719,687 4.926,896 3,006.839 1 252, 273 1,105,000 632,000 446,000 1,079, 000 639,000 485.000 1, 141,000 673.000 526,000 1,170,000 1.176,000 681, 000 670,000 341,000 561,000 1,170,000 662.000 623,000 2. 183.000 2, 203, 000 2,340,000 2, 192,000 2,407.000 2,455,000 78.000 1,225,000 79,000 1,245,000 84,000 1,307,000 88.000 95,000 1,329,000 1,369,000 93,000 1,386,000 1,303.000 1,324,000 1.391.000 1,417,000 1.464.000 1,479,000 1. - 1, (47,000 449,000 467,000 526,000 515,000 594,620 913,000 3,976,000 4,198,000 4,135,000 4.386,000 4,528,620 69,000 - 69,000 - 72,000 $64,000 3,907,000 4.126.000 78,000 - 72,000 - 75,968 4,037,000 4.314.000 4.452.652 - Passif Dette envers la société mere et les sociéts af(iliées ........................ . II 12 Emprunts hancaltes 8 court terms: a Emprunts 01 dcouverts dana lea banques (dollars canadiens) Autres emprunts bancaires .....................................................................b 13 Emprunts a court terme St billets 8 payer: Billets a demands St 8 court torme (dollars canadiens) ......... . .......... . a Billets 8 demande St 8 court terms (devises étrangeres) ................... b Autres emprunts 8 court terme ...............................................................C 14 Comptes a payer: lmpôt sur Ic revenu et ailtres impSts 8 payer , .....................................a Autres compteS a payer ........................................................................... h 15 Autres exigihilités: Soldes c'rediteurs des marchands ......................................................... a Autres exigibilités ................................................................................... b 16 Delto a long terms: Obligations et billets (dollars canadiens) .......................................... a Obligations St billets (devises CtrangCres) ......................................... b HypothCques Ct autre dette 8 long terme ............................................... C 17 Autre passif: autre h .. :........::::::::::::::::::::::::::::::: lt° r°r Forids de pension, de fiducie ou affectés............................................. c 1nt&t des actionnaires minoritairos..................................................... d Part des actionnaires 21 Capital verse: Actions privilégiées ................................................................................. a Actions ordinaire plus tout surplus d'apport .......................................b Bénéficea retenus .......... .............................................................................. . 22 Total du passif et de Ia part des actionnaires ................................. 23 I Renvois: a Créances particuiiéres 1 : Soclétés de financement des ventes: Biens de consommation .................................................................. Produits industriels et articles commerciaux .............................. . ii Marchandises de gros .................................................................... 111 Total ............................................................................................... iv SociCtCs de préts aux consommateurs Frets remboursables par versenients ............................................ v Frets en espèces ............................................................................. vi Total ............................................................................................... VII Autres comptes 8 recevoir' ......................................................................... b Total .............................................................................................. Provision pour créances mauvaises ........................................................... d Total des comptes 8 recevoir (net) ........................................... e Les details des "créances particulières" sont tires de Ia publication du B.P.S. intitulée "La Statistiaue du credit" (numCro de catalogue 61-004). Le posts "Autres comptes 8 recevoir" comprend lea prèts do capital, les préts autres que les préts personnels. les comptes 8 recevoir des filiales exerçant d'autres activitCs aitisi que los erreurs d'échantilionnage. - 30 - TABLE 17. Sales Finance and Consumer Loan Compaiiii' Quartirly Suitements of Estimated Revenues and Expenses 1966 1 2 196 7, 3 4 1 2 3 thousands of dofla Revenues Interest and service charges .............................................................. 108.222 31 108042 116.832 118.169 1.103 1.062 995 1.273 1.290 1.246 1,210 1,288 3.568 3.30C 4,984 4,135 4.841 107,816 121.395 122,142 126,669 129,100 129,388 Interest and amortized discount ..................................................... 45,650 Commissions and other charges' .................................................. 47.258 49.594 50.240 52,348 43 Depreciation ........................................................................................ 1.894 2.268 2.294 2.502 2.358 44 AmortIzation of other assets ............................................................. 1.842 1,480 11081 878 1,082 45 ProvisIon for doubtful receivables ................................................... 10. 760 68.286 8.468 11.198 46 Provision for Income taxes: Current taxes payable ..................................................................... 1 5.210 12,355 11,994 32 Income from Investments: a Subsidiaries: 1 Interest' ........................................................................................ ii Dividends from Companies in Canada' ..................................... 1 iii Dividends from foreign Companies' ........................................... b Others: f I ii iii 120.395 123.719 123,337 Interest' ........................................................................................ Dividends from Companies in Canada' .................................... Dividends from foreign companies' .......................................... 33 Profit (Loss) on sale or maturity of assets .................................... 34 Other revenue .......................................................................................... 4,242 35 Total revenue ................................................................................ 113.567 - Expenses Salaries and wages' ............................................................................ 41 Cost of borrowing: 42 a b a b 47 Deferred ............................................................................................. 3' 9.952 Otherexpenses ..................................................................................... 38.179 48 Total expenses ............................................................................. 108,277 49 Net profit (loss) ....................................................................... 5.290 36,996 - 37,586 49.258 49, 173 2.588 987 8.903 8.779 11.514 44.257 39,872 161,4.98 111,378 121,06.9 116,077 53,682 10,017 1.673 10.592 11.745 12.707 42,581 41.625 115.938 115,983 13,162 13,405 Data not available prior to first quarter, 1969. Prior to first quarter 1969, all dividends were included in 32, a, ii. TABLE 18. Sales Finance and Consumer Loan Companies Quarterly Statements of Estimated Retained Earnings 1967 1966 1 No. 2 1 2 3 thousands of dollars 61 Balance beginning of quarter ............................................................. 49 62 Add: Net profit (loss: ...........................................................................-, 5.290 Profit on sale or maturity of assets .................................................. 291 63 64 Deduct: Dividends ........................................................................................... 5.226 Other adjustments Including unaccounted items .............................. 97 65 Balance end of quarter ............................................................... 176, 182 176,440 - 176.440 124.600 130.442 53.682 301 10.017 - 1 1.673 71 6.657 8,198 4.888 - 714 124,600 130,442 - - 14.646 4.603 122.143 122,143 125.098 134,782 10,592 2.408 13.162 4 13,405 Ix 4.587 1,105 4(1 - 4.790 439 - - 125,098 134,782 143, .ih - 31 - I )1l I U I . SociêUs de linancenient des ventes et de prts aux consommateurs finaju lurs trim.striels - Estimations Is revtnus Ct des dt,enss 4 1 T 1 2 1969 3 1 4 No milliers de dollars Revenus 125,676 127.716 133.233 140,255 140,780 144,366 1nt6rt et frais de service .... 31 Revenu des placements: 32 a Filiales: 3,275 lnt4rèt' ................................................................................................. 1.855 1.086 1.578 J Dividendes des soctètês au Canada 2 .......................................... . ... ...II 1.219 1,572 1.846 - Dividendes des soclétés hors du Canada 2 ................... ill Autres sociétês: b 1.305 lntêrt.L .................................................................................................. 151 Dlvidendes des soclêtés au Canada 2 .................................................it - Dividendes des sociét5s hors du Canada 2 ...................................... ill 53 Gains (pertes) sur ventes ou d'élément d'acti( ....................................... 33 5.226 4,552 4,743 5.276 6.648 1,712 Autresrevenus ........................................................................................... 34 132.757 133.846 139,062 147,377 149,000 152.081 Total des revenus ................................................................................. 35 Dèpenses 22.146 Salaires et traitements 1 ....................... CoOt d'emprunt: 50.721 54,512 58.208 60,256 58.471 (((13 2,701 2,991 3.262 3.423 1.152 1,296 1.114 893 9.548 8.768 12.734 12.492 :57 41 42 62.392 lntért et escompte amorti ....................................................................... a 821 Commissions et autre frals' . ................................................................. .b 3.296 Dépréciation ................................................................................................. 43 539 Amortlssement d'autre actif ....................................................................... 44 9.057 ProvisIon pour comptes a recevoir douteun ............................................. 5 Provision en vue des impots sur le revenu: 6 15.364 11,318 12.886 11,964 15,068 14,615 45,377 42,099 48.418 43,960 47,370 122,005 122.898 131,645 136.394 137,264 138.140 Totaldesdepenses ............................................................................ 8 10,752 10.948 7,417 10,983 11,736 1:1.941 ll41nérice net (ou perte nette) ......................................................... 9 ::::::::::::::::::.::::::::::i:::::::::::::: 23,310 Autres dépenses ........................................... 7 'Disponibles seulement a partir du premier trimestre. 1969. 1 A prtlr du premier trimestre 1969, y comprls 32, a. ii. TABLF,%L 18. Sociètés de financement des ventes et de prèts aux consommateurs i'.tats (inanciers trimestriels_ Estimations des bntices retenus 1967 I I 2 1 I 1969 1968 I 3 1 L._4 milliers de dollars 166.429 So1deaudbutdutrimestze ......................................................................... 61 143,226 141,686 146,356 149.725 158.843 10,752 10,948 7,417 10,983 11.736 13.941 BinéDce net (ou perle nette) ................................................................. 49 - 111 23 10 48 1,575 100 Gains (ou pertes) sur Ia vent' ou maturité d'acti( .............................. 62 ((3 4,016 4.527 4.063 6.789 5.427 Dlvidviides ................................................................................................. 83 1,778 2.285 - 469 - 2.150 - 1.064 - 490 Autres rajustemenis y compris 3s posies inexpliquès ....................... 64 141.686 146,356 149.725 158,843 166,429 175,533 Solde a Ia (In du tnimestre ................................................. .................. 65 Ajouter: DMIulre: 32 - - T.BLE 19. Sales Finance and Consumer loan Compant". Quarte dv Estimates of Mc, vc'men Is of Funds 1966 1 1967 2 3 4 1 2 3 thousands of dollars Sources 1 Internal 48,472 22, 372 13,667 22, 106 24,907 26,112 2 Depreciation ........................................................................................ 1.894 2,268 2.294 2,502 2.358 2,588 2.666 3 Amortization ......................................................................................... 1.842 1.480 1.081 878 1.082 987 989 4 Deferred income taxes 2 ................................................................... Operating profit .................................................................................. ... 15, 242 . - External: Bank loans: 5 Canadian currency ........................................................................ . - 6 Other ................................................................................................ . 121, 622 - 11,739 35.146 - 81.459 62.812 80.676 14,404 4.272 - 15,742 9,123 —31. 210 10 51.880 107,557 - 43,716 10.384 2.184 171 167 692 10, 846 25.000 230 5.198 - - 20,544 - 80 tort term loans and notes payable: 7 Canadian currency .........................................................................142.794 . 8 Fbreign currency ............................................................................ 9 Other ................................................................................................ 3,014 .. - 12,009 8.602 64.634 34,496 - - 5 - - - 40.717 - 63.466 10,688 13560 - 196 - 90 Long term debt: 10 149 Canadian currency .........................................................................17. . 30,537 24.624 11 Foretgn currency .............................................................................24. 759 30.538 18.027 12 Other................................................................................................ 3,251 671 642 39 13 Paid in capital ................................................................................... 722 24.075 2.460 5.047 . - - - - 123 5.708 37.548 - 8.804 - 275 642 - 6,275 343 376 1. 335 Accounts payable: 14 Taxes ............................................................................................... 15 Other .................................................................................................. - 3,297 2,112 12,401 - 9.281 3,177 - - 21,551 617 682 - 1,423 9,298 - 3.195 - 21,326 3. - 27 Current liabilities: 1,016 2,355 2,560 16 Dealers credit balances................................................................. 1,842 3.067 486 17 Other ................................................................................................... 199 450 168 24 829 2,533 25. 347 18,046 25,789 41, 229 10,660 10.983 Unearned Income ............................................................................. - 2,796 Pensions, trusts, etc ...................................................................... 11 17.907 8,697 993 13,469 20 772 1,460 3 21 Interest of minority shareholders in subsidiaries 2 25 82 , 5 33 14,553 23 Dividends ................................................................................................... 5 , 226 6,657 4,888 14,646 4,790 4,587 4,096 31 5,210 12,355 11.994 11.745 12,707 18 - Debt to parent and af6llated companies .......................................... - - - 27. 29 Other liabilities: 19 22 Total of items Ito 21 ................................................................ 12 - 73 - 46,203 89 - M. 6 21,849 5,228 235 - 309 3 866 - 720 85,730 57, 105 - - - 85.137 Applications' 12,287 30.944 20,022 11.514 9.493 38.687 94 305 1,951 - 1,851 Foreign currency deposits ....................................................................... 1,747 874 10,199 20.785 7,839 - 1,453 2,743 10, 241 62.477 137,709 121.467 94. 223 - 102.622 25 Provisions for taxes ................................................................................. 9.952 Cash on hand and in banks ................................................................... - 3,886 26 Deposits in other institutions ................................................................ 27 28 Accounts and notes receivable ............................................................ 29 Other current assets ............................................................................... 30 31 . 907 Short term notes .......................................................................................17. 742 Treasury bills ........................................................................................ . 32 Government of Canada ............................................................................ 10,473 8,223 33 34 Provincial and municipal governments .................................................... 873 Other Canadian investments ................................................................... 5.870 35 Shares—Canadian preferred and common shares ............................... 36 37 38 39 40 38. 802 - - 3,897 - - 410 1,069 16,329 26.549 - 3.084 1,639 - 21,045 22,190 - 10,048 1.311 - 757 3.931 22.942 5,472 - 5,440 2,099 - 4.732 7,445 27,203 16,846 - 8,176 8.219 1,982 1,003 - 1.292 1,452 2,530 514 - 1,783 177 7.954 6.361 1.321 665 - 3,612 4.538 165 74 818 Foreign securities ........................................................................................ 47 Subsidiary and affiliated companies ..................................................... - 13. 965 138 2.287 805 - - - 753 - - 1,055 1,536 - - 27,589 5.460 - 791 - - 10,967 8.517 - 10.053 - - - 1,628 13.450 2,569 4.994 28,297 14.156 Land, buildings and equipment ............................................................ ...3,886 7.936 Other assets' .......................................................................................... 5,286 3,119 3.235 3,200 2.608 2.623 1,245 720 1,160 3,444 1,216 37 s.t. -, II 74 'i -il 462, o:t 126, 865 85, '710 57, ins Total of items 23 to 39 .......................... .... ... ........... Refer to general note page 2. Data not available prior to first quarter. 19. Includes unaccounted items. - 1.146 - - 85, 417 - 33 - I 'tliLE%L! 19. Soctétés de financemeut des ventes et de prts aux consommateurs Estimations trimestrieties des mouvements de is tr&sorerie 1968 1967 4 2 1 3 milliers de dollars Provenance' Inteme: 23,834 19.381 26.051 2.701 2,991 3,262 26,351 2,863 469 1, 152 1, 396 1, 114 893 22,070 34,732 3.296 3,423 539 1.215 Bénéflce d'exploitation ............................................................................ Dpréciatlon................................................................................................ 2 Amortissement............................................................................................ 3 4 Irnp8t sur is revenu différé' ...................................................................... Externe: Emprunts bancaires. Monnaiecanadlenne .............................................................................. 5 6 Antres...................................................................................................... - 13,355 - 40. 396 - 7.095 - 72,693 - 927 104,040 822 36.663 176,907 169,422 - 7.323 5,206 116,761 24.854 - 25. 329 - 260 - 3,303 - 16. 366 39,554 21,658 289 68 169 154 41,383 7,580 - 58. 514 - 4,838 14.948 74.732 -43. 223 16.706 Devises étrangères ................................................................................ 86 23 12,453 38 27, 797 9,917 144 178 1,264 Autres...................................................................................................... 6,919 - 100 - 533 398 2,023 1,615 81, 122 7,068 - 17.666 - 118.838 8.345 - - 17,682 505 - 1.635 - 2,773 4,517 - 6.287 1, 468 - 51.746 60, 177 2.331 - 1.586 1,413 - 3,529 6,432 1.635 2,504 5,562 781 4.933 3,678 - 7,731 28.100 21.056 31.796 - 230 - 82 3,434 211 57 13,044 - 414 18,572 30 8.054 461 - 11 - 95 4 192,289 39,346 270, 176 - 11,788 - 238 16, 269 1.738 10.930 - - - 4,465 - 1,397 18.102 a a payer: court terms et billets 7 Monnaie canadienne .............................................................................. 8 Devisesétrangères ............................................................................... 9 Autres...................................................................................................... Emprunts Dette 8. long terme: Monnale canadienne 10 11 12 13 Capitalverse .............................................................................................. Comptes 8. payer: 14 lmpSts...................................................................................................... 15 Autres...................................................................................................... Exigibilités Soldes créditeurs des marehands ........................................................ 16 17 Autres...................................................................................................... 18 Dette envers Ia société mere sties soclétés affillées ........................ Autre passif: 12,865 - 24 230.290 - 7 1 111,415 19 Revenudifféré ........................................................................................ Fonda de pension, de fiducie, etc....................................................... 20 21 Int.erats des actionnaires minoritaires des filiales ......................... Total des postes 1 a 21 .................................................................... 22 Emploi' 10,403 4,016 11.318 30,395 12,886 - 19.830 2,410 368 8,974 - 3,549 139.474 - 2,053 11.775 43,616 - 157 - 16,443 - 3.958 - 2.055 - 7.518 5.539 4,404 9.886 122 - 11. 232 -20,154 - - 216 61 - 5,965 - 585 743 217.522 5,225 - - 25.801 5.065 4,063 6,789 5.427 15,068 17.891 325 14,615 - 2,434 63.806 741 6.917 255,632 - 5.493 15,364 - 4.127 216 - 4,081 18,795 - 21. 211 181 - 30, 169 7.771 46.229 39.651 - - 5.001 - 2,050 - 7,033 40 3,715 381 330 3,517 295 3,547 2,592 3,302 115 192,289 39,346 270,176 - is 1 3,979 4.527 11.964 10,124 9,632 6.243 2,506 6,003 502 20.243 - - - 185 - 116 - 1,873 - 561 - 3.003 98 11,344 22,527 - - 2,454 - 3.261 1,485 - 11,788 3.975 641 230,290 Prière de se rt&er in renvol général page 2. Disponibles seulemc fit I partir du premier trime, tre 1969. Y compris les poSte inexpliquees. 13.322 228 - 4,348 5,331 111,415 23 Dividendes ....................... 24 Provision pour impOts 25 En caisse et dans les banues .................................................................... 26 Autres.............................................................................................................. 27 Endevises étrangères .................................................................................. 28 recevoir ...................................................................... Comptes et billets 39 Autres disponibllités .................................................................................... 30 Billets 8. court terme ...................................................................................... 31 Bons du Trésor du gouvernement du Canada.............................................. 32 Obligations du gouvernement du Canada .................................................... 33 Obligations des provinces St des municipalités ........................................ 34 Autres placements canadiens ...................................................................... 35 Actions priviliégiées et ordinaires canadiennes ...................................... 36 Titresétrangers .............................................................................................. 37 Les soclétés filiales sties sociétés afflliées .......................................... 38 Immobilisations.............................................................................................. 39 Autreac ti f3 ..................................................................................................... a Total des posIes 23 8. 39 .................................................................. 40 - 34 - TABLE 20. Mutual Funds Quarterly Statements of Estimated Assets, Liabilities and Shareholders' Eqouty 1966 2 3 No. Assets Cash and demand deposits in Canadian currency: 1 a Cash on hand and demand deposits in chartered banks 42,078 43.425 39.81 40,629 44,182 51. 889 58,191 b Demand deposits in other institutions ...................................... 12, 230 6,893 7,01 15,090 12,727 7.947 9.276 Foreign currency .............................................................................. 10. 312 7,405 7,Of 4,841 11.579 4,472 8,539 2 3 Investment portfolio: a Investments in Canadian securities: i ii 079 49,106 45,91 1,905 2.624 64, 322 49,064 49,039 48,712 47, 192 499 49,855 46.81 53, 158 Corporation bonds and debentures .......................................... 67, 420 67,226 66,31 69. 161 12,875 12,4 12, 313 Preferred shares .......................................................................... 119,580 137.298 139.7t Common shares 2 ....................................................................... 859.299 882,57 Canada treasury, bills .......................................................... ....1,649 Government of Canada..............................................................69, 236 iiiProvincial governments ............................................................ I iv Municipal governments ......................................................... v Sales finance companies' notes ........................................... vi Commercial paper ....................................................................1 vii Bank term deposits' ........................................ ...................... viii Other term deposits' ............................................................ ix L 67, bMortgages ...................................................................................... 13, 392 2,849 2.67 61,810 60.01 2.955 73,029 2.254 36,755 39,544 45,967 67, 177 76, 584 70.564 69,669 11,838 11,581 11,044 127.735 121,037 117,637 114. 104 880,862 899, 164 903. 197 887, 159 34.581 Investments in Canadian shares: c i ii iii Mutual fund shares ................................................................ 830. 061 Investments in foreign securities: d i ii e Bonds, debentures, notes. etc. .......................................... .....9, 806 7,738 15,01 11.798 5,684 10,396 18, 5L .... 369. 240 468,807 513, 91 552,879 607.028 680, 167 766, 61: 1.832. 602 1,869,333 1.940.236 2,012, 8hI Preferred and common shares 2 ............................................ Investment in subsidiary and affiliated companies' ............ Investment portlolio at cost ............................................ 3 .. 1.598,962 1.716,863 1.785, 8 4 Accrued interest and dividends receivable ................................... 8,771 9, 155 9.41 9,557 9, 102 8.924 9, 130 5 Amounts due from brokers and other current assets 20,274 22.193 18.81 10,578 45.685 47, 191 31, 246 7 Other assets ......................................................................................... 61 138 11 910 92 104 84 8 Total assets at cost .......................................................... 1.692.688 1.914,217 1.992,702 2,060,763 2. 129,332 1,806.072 1,868,2 Liabilities Bank loans: 11 Chartered bank loans ....................................................................... 954 Other bank loans ............................................................................. 217 a b 1.401 9 439 41 1 824 401 417 417 568 646 174 Accounts payable: 12 Income taxes payable ....................................................................1.208 1,618 1,81 2,311 2.320 2,153 1,963 hAmount due brokers ........................................................................18. 073 26.762 21,7: 15.445 30.221 39.683 32.288 13 Other liabilities' .................................................................................. 531 943 5' 928 588 845 2, 181 21 Share capital: 1.724.309 1,759.018 1,776,567 1.824.021 a Shareholders' equity 1 a Preferred shares ....................................................................... b Special or redeemable shares .................................................... . 1,516,872 c Common or ordinary shares .................................................... 23 Retained earnings ........................................................................ 24 Realized gains .............................................................................. Total liabilities and shareholders' equity at cost 25 2 2 1.601.928 1,663,6 154,833 172.981 179, 1' 1,692,688 1.806.072 1,868,21 Data not available prior to first quarter 1969. Includes investments in and advances to subsidiary and affiliated companies up to first quarter 1969. Other liabilities include long term debt, etc. 170,633 200.137 1,914,217 1.992. 702 240, 123 267,832 2.060.763 2. 129.332 - • - 35 - TABLEAL 20. Fonds mutuels f:tat tinanct'rs r ,sttipis - Estimations de l'actif, du passif et de Ia part des actionnairts 1968 19)37 4 i 2 3 No milliers de dollars Actif a demande en monnate canadienne ............................... a En caisse et depOts a demande dans lea banques ..................................... b Dépôts a demande dans d'autres institutions............................................ Encaisse et dépôts 42.738 50.402 83,528 87, 148 116.717 97,738 8,564 14.015 3,716 11.140 12. 575 12, 159 13.586 40.791 15,917 20,617 15.812 21.658 7.110 36,007 1,956 1,664 1.714 11.782 42.180 41,279 39.344 38.533 38,701 34.842 33,841 26,234 25,272 91.200 44.664 81,640 128,213 73.679 25.653 37, 125 26.358 1.717 41,181 51,434 70.945 2.734 68,943 66.523 66.009 61.894 62.180 67,699 9.931 8,192 10.410 7,703 7,242 6.659 137.273 887.622 Devises étrangères .......................................................................................... Portefeullie: Placements en valeurs canadiennes: 2 3 a Bons du Trésor do gouvernement du Canada.......................................... It iii Obligationsdes provinces ........................................................................ iv Obligations des municipalités ................................................................ Billets des sociétés de Iinancement des ventes .................................. V Obligations do gouvernement do Canada................................................ Titres commerciaux .................................................................................. vi Dép6ts terme dans lea langue' ............................................................ vii Autres depOts terme'.............................................................................. viii ix Obligations de sociétds............................................................................ b ltypothèques.................................................................................................. C Placements en actions canadiennes: a a Actions priviléglées .................................................................................. it Actionsordinalres 2 ..................................................................... ............... ill Actionsde toads mutueis ........................................................................ d Placements en valeurs étrangères: 120,548 118.955 128.447 126,488 137.247 577, 963 853.724 848,347 824.926 862,346 2.954 '9. 021 14,798 63, 137 33.764 859.638 1,026, 911 34, 122 1, 107,420 34.903 1,267.049 45,080 1.244,457 084.222 2,093,811 2,272,312 2,358.058 2,523, 187 2.676,084 9.234 8. 592 9,756 9,548 10.937 9, 129 33.183 52,760 55,391 34.915 62.594 71.004 Montants dus par agents de change at autres disponibilités ...................... 5 527 274 544 1,608 1.246 790 Autreactif .......................................................................................................... 7 2,192.054 2.260.645 2.441. 164 2.523.034 2,743,068 2,888, 562 Total de l'actit au pus de revient .......................................................... 8 3.153 26,994 Obligations, billets etc . .......................................................................... .......................... ii Actions privilégiées et ordinairesa Les flliales et les Sociétés affili6es 1 ........................................................ a Porteicuille au prix de revient ............................................................ 3 a recevoir............................................................ 4 l ntert couru et (1ivd'Itdes Passif Emprunts buncaires: 98 660 3 72 4, 187 923 Emprunts des banques 307 2, 173 2,331 900 Autres emprunts bancaires .................................................................................b Comptes 3,095 2.441 1,852 2.729 3,050 34. 090 18.952 54,910 60.588 2.934 91,718 55,556 1,530 1.899 2.435 2. 461 521 1.484 11 a charte .........................................................................a 71 a payer; 12 IrnpOt sur le revenu L payer .................................................................................a Montants dus aux agents de change ...................................................................b Autre passil' ........................................................................................................... 13 Part des actionnaires Capital actions: 1.857.650 1.923.665 2.018.567 2,069,553 2174391 { 245, 631 I9,054 314,643 2.260,645 362,681 2.441. 164 a 385, 163 2.523. 034 Actionsprivilégiées .............................................................................................a 2.300. 214 90 Actions spéciales ou rachetables .....................................................................b 268.414 Actionsordinaires .............................................................................................. C Bénéficesretenus ................................................................................................. 23 485,046 , 258,848 Gainsréalisés ........................................................................................................24 2,743.068 2,888.562 Total ibi passif et de l'avoir des actionnaires su prix de revient .......... .25 Disponibles seulc ment parth du premier I rimestre de 1969. Y compris les pta cements dam lea flilales et les soCletes afftliées at osi que lea avances faites etc. Y conipris is detti long term a 21 1 a ces sociétés y compris icr trimestre 1969. - 36 - TABLE 21. Mutual Funds Investment Portfolio at Market Va11 1966 1 1 Investment pc)rttoo: h a Investments in Canadian securities: I Canada treasury hills ................................................. ........... ......I, 649 II Government of Canada ................................................................ 68, 462 2 31 4 1 2 1 thousands of dollars 2,849 60,878 2,670 58.885 2,955 72,401 1,905 64,941 2.624 48, 112 2. 254 35,350 820 42,977 44,743 44,757 44.777 36, 120 49,655 46,880 53,158 34,581 45,967 67. 177 65,633 12,855 63,538 12,385 66,855 12.228 72. 193 11.753 67,225 11,497 65,768 10,976 } 67,499 v } .jj Bank term deposits'................................................................ Other term deposits' .............................................................. viii Corporation bonds and debentures ........................................ ......65. 740 lx b Mortgages .......................................................................................... 13,274 C Investments in Canadian shares: i Preferred shares ...................................................................... ..... 115,810 132,171 128,125 114.126 114,315 110,601 105.886 1.093.039 i iu ::..:.:::::::::::::::::::::::: } Investments in foreign securities: d I 8onds, debentures, nctes. etc. ............................................. ... 9,406 ii Preferrc anti common shares .............................................. . 48 7,915 e Investment in subsidiary and affiliated companies' ............. . 1,086,006 982.216 1.014.388 1,145,623 1,159,669 1,184,910 7,143 558.847 14.074 514,360 11,545 615,995 6,066 758,205 10,780 858.299 20,465 967,472 2,496.378 2 Total portfolio at market ................................................... 1,972,372 2,024,057 1,86.110 2,008, 194 2.254,339 2,359, 551 3 Unrealized appreciation ................................................................373,410 307. 194 80,2:15 175,592 385,004 419,315 483,510 4 Total assets at market .......................................................... 2,066,098 2,113,266 1,948,532 2.089,809 2,377,705 2,480,078 2,612,842 Data not available prior to first quarter 1969. T %Bl.F 22. Mutual Funds QrrISteir.vs >f Estimated Revenues eel Extnses lifriei No. 1 2 41 31 thousands of dollars Revenue 31 32 1967 1 2j Interest ..................................................................................................... 3,766 Dividends: a Canadian companies ........................................................................... 9,506 b Foreign companies ............................................................................. 2,027 33 Other revenue........................................................................................... 114 4,403 3,606 4,406 3,783 3,839 10,621 2,379 793 10,251 2,724 381 12.000 3,100 456 9,619 3,240 251 11,352 3,372 209 In, 3,094 350 34 Total revenue................................................................................... 15,413 18,196 16,962 19,962 16,893 18,772 18,012 40 41 42 43 44 45 46 48 Management fees'.................................................................................... DIrectors fees' ...................................................................................... Custodian and transfer agents' fee' .................................................... Commissions paid on sale of shares'.................................................. Transfers to reserves' .......................................................................... Interest paid ................................................................................ ........... 115 Provision for income taxes ................................................................... 733 Other expenses ....................................................................................... 3,019 22 769 3,371 20 734 3,170 74 1,207 3,067 41 992 3.317 47 921 3,533 621 1,178 3,727 49 Total expenses ............................................................................... 3,867 4,162 3,924 4,348 4,350 4.501 3,326 51 Net ptoIlt ......................................................................................... 11,546 14,034 13,038 13,614 12,543 14,271 12,486 Expenses Data not available prior to first quarter 1969. TABLE 23. Mutual Funds Quarterly Statements of Estimated Retained Earnings 1966 No. I 1967 2 3 138. 870 154,833 172,981 62 63 Net profit ...............................................................................................11,546 . ProfIt on sale of securItIes (losses)' ............................................ .... .14,384 14,034 16,508 13,038 7,642 64 65 Deduct: Dividends decIarei ...............................................................................10,798 Other adiuStmentS . .............................................................................. .. - 831 11,420 974 15,119 604 172,9:11 179.146 61 1 Balance at beginning of quarter ............................................................. 4 thousands of dollars 1 2 3 179,146 170,633 200,137 240,123 15.614 9,611 12,543 29,976 14,271 27,044 12,486 32,4111 15,607 1,091 12, 165 850 11,282 47 17 0tl. III 160,633 200,137 240,123 Add: 66 Balance at end of quarter ................................................................ .54,833 - Profits shown are after deduction of losses that have occurred: losses are after deduction of profits for the quarter. Includes unaccounted Items. Large increase due to new breakdown used in shareholders' equity section. 267, - 37 - I .%H1.EAti 21. Fonds mutuels I'. rtefouille I la valeur so marché 19 1967 3 No milliers d 7110 34,230 1,956 39,773 1664 39,322 1714 , 37, 960 11,782 36,687 33,978 30,008 29,129 22,156 20,490 91,200 44,664 81,640 128,213 73,679 58,415 7,162 57,585 6.629 25,653 35,265 21,655 1.488 41,181 51,434 70,945 2,734 62,086 6,659 116,583 I Portefeuille: a Placements en valeurs canathennes: Bons do Tr6sorior do gouvernement do Canada .............................. Obligations du gouvernement do Canada ............................................ U Obligations des provinces .................................................................. ..III Obligations des municipalits ............................................................ lv Billets des soci6t6s de Unancement des 'entes ............................ ..V Tilts commerciaux ... .............................................................................. vi Dp5ts I terme dana lea banques' ......................................................vii Autres dépöts I terme' ....................................................................... ...VIII Obligations de socIt S ......................................................................lx HypothSques .............................................................................................. b b Placements en actions canadiennes: Actions priv81gies ................... ....................................................... ..I Actions ordinaires ................................................................................ II Actions de fonda nutuels .................................................................... III d Placements en valeurs 8trangres: Obligations, billets etc. .................................................................... ..I Actions, privélgi8es et ordinaires .................................................. ..il Les filiales et les soclétés affi1iée .................................................. ..e 64,558 60,604 60,740 10,125 9,407 7,665 112,774 101,382 107,477 1,118.369 978,791 1,117,120 1,172,574 128,583 11,277,876 '1 2,758 124,381 1,281,632 2,952 34,392 20,596 62,852 1,286,081 968,178 1,055,858 34.160 1,407,545 38.647 1,535,257 46,397 1,414.978 28,302 2,986,482 3,189,973 3,217,742 Total du porteteullie ........................................................................ ..2 628,424 666,786 541,484 3,151,458 3,409,854 3,430, 046 Appreciation non r&lisCe ........................................................................... 3 Total de I'ac Lit l Ia valour du marché .............................................. 4 2,774,236 2,541 534 2,295,873 202, 062 501,924 457,312 2,943,088 2,649,366 2,462,707 Disponi bios seulemer t 4 partir du g remier trimest e de 1969. TABLEAU 22. Fonds mutiels Etats financiers trimestriels-Eatirnations des revenus et des dépenses 1969 1968 3 2 I i milliers d e dollars No Re venus 5,450 1ntr8t ................................................................................................................. 31 32 Dividendes: 9,207 SocilCs au Canada ........................................................................................ ...a 4,835 Soci8tés hors du Canada .................................................................................b 341 Autres revenus.................................................................................................... . 33 L III 4,156 5,694 5.379 5,301 11,357 9,609 4,283 3,580 493 214 9,650 3,884 134 10,960 3,695 103 10,579 5,765 20 20,494 17,559 19,362 20,137 21,665 19,833 Total des revenus ...................................................................................... 34 72 .505 1.711 1,656 5,873 4.680 7,601 6,896 14,064 13,241 Frais de gestion' ................................................................................................ ..40 Jetons de pr6sence des ......................................................... 41 Retribution des depositaires et des agents do transferts' ............................42 - Commission paye cur is vente des actions' ................................................. 43 - Transfert aux r8serves' ..................................................................................... 44 66 Int8rêt verse ........................................................................................................ ..45 1,722 Provision pour impôt sur Ic revenu .................................................................. . 46 712 Autres dêpenses ................................................................................................. 46 7,061 Total des depenses ............................................................................. ........ 49 B#nêlice net ................................................................................................. 51 12,772 Dépenses 4 , 262 82 217 54 56 1,364 1.235 4.010 3,553 63 1,963 4.235 5,428 4,844 6, 2(11 15,066 12,715 13,101 Disponibles seulemen I I partir du p remier trimest e de 1969. TABLEAU 23. Fonds niutuels Etats financiers trimestriels - Estimations des binfices rctenus 1967 4 1 267.832 295.631 15,066 12,715 ,274 19. 580 S 1968 2 31 milliers de dollars 314,643 1 362,681 I 13,101 13 241 47,214 25, 157 19 69 4 I 385, 163 14.064 '79, 391 N 1 I No 465,046 Solde au dbut du trimestre ...............................................................................51 Ajouter: 12,772 BCnêfice net .................................................................................................... .62 31,425 Gains (ou pertes) cur La vente do valeurs mobillres' .............................. .63 Dédu ire: .731 12,392 12,756 16,747 13,701 11,236 Dividendes declares ....................................................................................... 64 5 10 891 - 479 - 831 - 129 - 29,255 Autres rajustements' ....................................................................................... 65 tcll 314, 643 362, 681 385, 163 465, 046 527,262 SnIde a Ia fin du trimestre ......................................................................... 66 Y compris les postes inexpliqubs. Gains: aprs d8ductions des pertes encourues. Pertes: aprrs d&duction des gains rêatis&s. Forte augmentation attrlbuahle au plus grand detail do part des actionnaires. TABLE 24. Mutual Funds Quarterly Estimates of Movements of Fm 1996 II 1967 I I 3 Sources' Saleof shares ....................................................................................... 94.250 85.056 3 Undistiibuted profit' .................................................................................. 798 2.589 4 Realized capital gains ............................................................................ 14, 384 16,508 6 Brokers ' ..................................................................................................... 3, 07 3 6.770 7 Chartered bank loans ................................................................................. 69 0 447 - 473 - 2 Premium on sale of shares............................. .................................... 8 Other liabilities' ..................................................................................... - 686 1,044 9 112, 509 112,414 Total of items I to 8 ....................................................................... - - 61.691 60.690 34,379 17,549 47,454 2,022 380 2.993 - 4.553 7642 57 -- 9,611 29,976 37,044 32,481 1.715 2,013 20.331 7.956 8,550 - 754 - 173 823 - 423 135 791 - 331 241 1,224 64.988 53,186 43,900 66,606 84,733 3,774 6,621 7.918 - Applications' Cash and demand deposits:' 10 In banks ....................................... 11 Demand deposits in other institutions ............................................ 12 Foreigncurrency ............................................................................... 18,662 - 6,897 - - 4,180 S 13 Canada treasury hUla ............................................................................. - 14 Government of Canada ........................................................................... - 1,200 49 650 - 7,426 -6,640 - 1,973 719 179 285 - 1,050 1,718 12.937 - 8.707 -3,143 2749 - 1,520 1.847 - 9495 2.975 6,278 - 18,577 11,386 21,210 843 2,778 - - - 15,258 - 12,309 15 Provincial governments ........................................................................ 16 Municipal governments .......................................................................... 17 Sales finance companies notes .............................................................11,429 - 17,644 - 18 Commercialpaper' .................................................................................. 19 Bank term deposits' .............................................................................. 20 Other term deposits' .............................................................................. 21 Corporation bonds and debentures ....................................................... 9. 762 . 22' Canadian preferred shares .................................................................... .840 - 194 - 13,052 17,718 2,489 29,238 23,277 - 1,714 2,068 7,346 - 3,286 26 Foreign shares.. ...................................................................................... .53,256 99,567 45,184 38,888 27 Other' ...................................................................................................... . 879 893 676 702 28 112,509, 64,988 53,186 - - 7,423 - 6.020 - 895 6,698 - 3.400 - 3,5133 23 Canadian common shares ...................................................................... 24 Canadian mutual fund shares................................................................ 21.546 25 Foreign bonds, debentures, notes, etc ...............................................5.232 Totalofitemsl0to27 .................................................. .............. 2 - 112,414 Refer to note page 49. This item consists of net profit after deduction of divid;ni.. Amount due to brokers is shown after deducting amouti- iu I'.......... N NI l'r 1 Includes: short term loans and notes payable, income taxis xiyuh1c and unaccounted items Includes term deposits up to and including fourth quarter 1968. Includes: mortgages, accrued interest, fixed assets, other assets and snaccounted items. Data not available prrnr to first quarter 1969. - 18,302 4,033 - 16,038 6.114 4.712 8,126 55.149 72,439 86,471 2.226 328 - 132 43,900 66,606 84,733 - - - 39 - TABLEAU 24. Fonds mutuels ::rtions trirnestrielles des mu ,. Is trésorerie 196$ tT1 3 No ' mUliers de dollarr Provenance' 65,694 33.629 - 523 341 135 - 303 - 345 19,580 28.374 - 95.367 - 51,939 104,838 122,383 - 3.506 242 98 71 1,246 49,602 177,570 1.536 Bnéficesnon rpartis' ................................................................................ 3 79,391 31,425 Gains de capital r6a1iss ............................................................................ 4 3,451 - 49,778 Agentsde change' ........................................................................................ 6 3, 165 - 5,595 Emprunts des banques 'a charte .................................................................. 7 2,723 68 4,327 AutressW .................................................................................................. 8 102, 468 191,155 104,299 25, 157 I 2 26,154 1,200 J Vente d'actions .......... .................................................................................... Prime sur ventes d'actions .......................................................................... 33.327 - 60.836 34.715 - 206 47,214 9 Total des pastes I 'a 8 Emploi' Encaisse et dépôts 'a demande': 40,320 - 2,047 I 15,744 - 18.979 Dana lea tnques ...................................................................................... 10 'a demande dans d'autres institutIons........................................ II 5.846 Devises étrangères.................................................................................... 12 10,068 13.871 Bons du Trésor du gouvernement du Canada ............................................ 13 - 1,348 Obligations du gouvernenlent du Canada.................................................... 14 1,175 Obligations des provinc6s .......................................................................... 15 1,749 OblIgations des municipalités...................................................................... 16 'a court terme des soclétés de financement des ventes .............. 17 25.249 - 416 DpSts 50 - 5,154 - 292 - 748 6,173 - 901 - 1,935 - 811 - 843 - 3,859 - 1,001 - 7,607 - 962 46.573 36,976 24,023 - 46,536 - 54.534 J 41,181 Billets 18 - 22,245 Titres commerclaux' 70,945 DépSts 'a terme dans ies banques' .............................................................. 19 'a terme' .................................................................................. 20 5,492 Obllgationsdessocietes .................. ............................................................ 21 1,293 Actions priviiégiées canadiennes .............................................................. 22 33,280 13,571 Actions ordinaires canadiennes ................................................................. 23 354 199 Actions de fonds mutuels canadiena .................................................- .... 24 9,731 ObligatIons, biUets. etc. êtrangers ............................................................ 25 15,174 Actions étrangères ........................................................................................ 28 2,741 Autres' ............................................................................................................ 27 2,734 Autres dépôts - 514 726 - 2,420 6,444 - 1.593 9,492 - 9,196 -24,239 9.519 - - - - 4,115 286 1,959 10.759 18,012 ' - 29.373 358 781 44.840 153.360 76,130 167.077 2,046 2,351 2,759 316 49.602 177,370 102.468 191,155 499 44,116 48,760 - 1.115 - tio. 836 - - - Total des pastes 10 104,298 9k 27 ... Prière le se référer at, renvoi général 'a Ia page 49. Sert designer lea bénéIices nets après deduction des dividendes. AprCs deduction des montanta d,i.s par les agents de change et autres comptes payer. Y compris les emprunts et lea billets 'a payer a court terme, impSt sur le revenu payer et autre passif. Y compris les dCpôts 'a ierrne jusqu'au quatrième trimestre 1968 inclusivement. Y compris lea hypothCques, i'intér&t couru, les immobilisations, autre actit et lea postes inexpllqués. Disponibles seulement partir du premier trimest.re de 1969. 'a . - - 'a 'a 'a ................................................................ 28 - 40 - TABLE 25. Closed-end Funds Quarter'y Statements of Estimated Assets, Lialilities and Shareholders' Eqi 1966 1 2 3 4 1 2 3 No. thousands of dollars Assets 1 a h 2 3 a i I ii Cash and demand deposits in Canadian cinTency: Cash and bank demand deposits ............................................. ...... 4,599 Demand deposits in other institutions ..................................... .....2,152 2,120 193 1,000 231 3,155 429 2,505 3,461 1,514 2,114 2,686 1,209 Foreign currency ..................................................................................... 726 83 122 4,791 1,219 923 425 Investment portfolio: Investments in Canadian securities: Canada treasury bifls .............................................................. .....1,028 Government of Canada ..................................................6,888 8,171 150 9.607 358 8,878 669 288 7,637 7,038 6.793 1,277 1.498 1,212 1,210 1.111 1.111 981 15,727 8,926 6.883 7.734 7,508 655 621 7.249 597 } } - 7.592 27.696 18.268 13.060 vii Bank term deposits' ................................................................ viii Other term deposits 1 ............................................................... Corporation bonds and debentures ............................................ 10. 174 ix bMortgages ............................................................................................ 759 Investments in Canadian shares: c Preferred shares ......................................................................... 34, 482 10,026 763 9.215 759 12.727 710 i i } 37,893 36.129 41,284 43.216 45.740 45.887 410,331 ui2a'le .:::::::::::::::::::::::::.'::::: Investments in foreign securities: Bonds, debentures, nOtes. etc. .............................................. ...... 969 I ii Preferred and common shares ................................................... 37, 422 Investments in subsidiary and affiliated companies: Preterred and common shares' ................................................ iiAdvances and other loans 1 ...................................................... 411.507 424,428 418.876 427.812 438,533 443.686 650 37,814 909 36.899 948 37,631 1.696 1,309 39.771 42.189 1.266 42,813 Investment portfolio at cost ..... ........................................... .. 510,922 536,018 537,576 535.682 546,028 553,263 4 Accrued interest and dividends receivable ..................................... 1. 144 510 638 620 763 642 5 Amounts due from brokers and Oilier current assets .................... .....1,560 933 1,705 1.388 1.920 1,540 '7 Other assets .......................................................................................... 2.399 2.394 2.593 2.569 2,144 3.935 3.97:1 8 'lotal assets at cost ............... ................................................ .. 523,502 542,251 543,865 548.634 556,093 565,878 566,694 }21.656 23.691 17,161 17,113 11,441 1 14.699 14, 183 Short term loans and notes payable ................................................ 1.385 7,577 7,666 11,686 15,244 15.249 17,930 d e i 556, l5 : • Liabilities Bank loans: 11 12 13 a b Accounts payable: Income taxes payable ...................................................................... 291 Amountduebrokers:......:..,:....:::::..:::..... 3.630 .::::::::::::::::::::'.::::'.::::::::::::: } 300 262 328 233 230 243 2,868 2.887 2.598 4.256 3.626 3.520 28.885 28,885 28,202 28.587 28.575 24,050 993 920 2.094 1.114 1,026 427 440 237.083 241.434 246.346 246.887 253,815 254,112 251.209 229.579 236.576 238,564 240,706 241,491 248.960 255,119 Total liabilities and shareholders' equity at cost ...............523,502 542,251 543,865 548,634 556,093 565.878 14 Longtermdeht ..................................................................................... 28.885 15 Other liabilities ............................................................................. 21 Share capital: Preferred shares :::::::::.:::::::::::::.::.::.:::::::::::.::::::.::::: Shareholders' equity a 23 Retained earnings ............................................................................. 24 Realized gains on sale of securities ........................................... 25 } 1 Data not available prior to first quarter 1969. Includes investments in and advances to subsidiaries up to fourth quarter 1968. • - 41 - TABI.1 Ui 25. Sociêtés de placement financiers trimestrils - Estimations de l'acti, 'lu passif a ei capital Fixe de Ia part 0,, atiounalrcs 968 'I I' j4 2 N° 3 milliers de dollars Actif 3.531 1.033 2.082 28.575 33,502 1.531 1.628 1.582 715 542 Encaisse et dépôtsà demande en monnaie canadienne: 4.585 En caisse et depots a demande dans les banques ........................................ 2.111 Depots a demande dans d'autres institutions ................................................ 1.068 2.084 803 167 1.950 2.259 Devises étrangères ............................................................................................... 2 6.993 731 6.359 837 20 6.325 659 15 5.410 678 15 5,470 641 8,761 1.738 16,820 4,850 9,519 6,520 649 5.561 575 6.125 575 6.604 564 7,730 565 39.660 48,523 46.755 441.776 442.209 45.208 472,053 474, 629 36.036 484.887 65 1.081 44,227 1.785 44,082 2,960 48,377 3.641 50,580 3,149 53,961 a b Portefeuille: 3 Placements en valeurs canadiennes: a du Tr'sor du gouvernement du Canada ........................................... -. 74 Boos 5.470 Obligations du gouvernernent du Canada .................................................... it J Obligations des provinces ............................................................................ iii iv % Obligations des municipalités ...................................................................... 1,970 Billets des societes de financement des ventes ............................... .... V 1 .000 Tare commerclaux .......................................................................................... vi 17.107 Depots a terme clans les banques 2 .............................................................. vii 550 Autres depots e terme' .. .......... . ................................................................... - viii 9 .041 Obligations des sociêtès .............................................................................. ix 549 HypothCques ..................................................................................................... b Placements en actions canadiennes ............................................................... C 36.347 ActiOns pricUgi6es ...................................................................................... It 475.517 Actions Ordjnajri's 2 ........................................................................................ 166 Actions di' foods mutuels .............................................................................. iii Placements en valeurs ètrangêres .................................................................. d 1,933 Obligations, billets etc . ................................................................................ it 37,686 Actions privil6gi6es et ordinaires .............................................................. Placements dans les soclOtés filiales: e 23. 393 Actions privilCgiées et dinaires' ............................................................. it 23.002 Avances et autres emprunts' ....................................................................... 8,998 565,701 599,122 586,631 611,036 1.073 709 1.762 686 2,127 4.642 1,166 2,923 3.072 Montants dus par agents de change et autres disponbilités ................... ........ 5 155 3.777 4.080 3,597 5.016 3,355 Autreactif ....................................... 570.994 577,423 613.020 622,613 655,655 . 634.383 Portefeullle so prix de reslent ............................................................. -, 1,096 1ntér't couru et dlvidendes a recevolr ...... ........................................................ 4 .. ................ 7 650.861 ActiF total au pria de revient ................................................................... 8 Passil 13.987 2.483 2.621 1.690 2.873 2,799 Emprunts bancaires: Emprunts des banques a charte ..................................................................... Autres emprunts bancaires ................................................................................ Emprunts { 19.050 17.278 16.265 4.825 3,752 1,001 441 4.585 386 450 647 803 514 3.772 4.675 4.380 12.895 24.011 23.685 20.646 20,459 20.416 583 411 624 476 2.814 24,013 526 1 a court terme et billet a payer ............................................................ 11 a b 12 Comptes a payer: 13 Impot sur le revenu a payer .............................................- ............................... a b Montants dils aux agents de change ................................................................ Autres comptes a payer .................................................................................... C a long terme ....... ............................................................... ....................... -. 14 Autrepassrt ......................................................................................................... 15 Dette Part des actionnaires 251,276 257.116 - :11,994 2 252,173 276.737 577,423 294,137 270,776 613,020 294.979 294,822 622,613 313.161 301,236 655,655 178' Capital-actions: A 171.511 Bénéftces retenus ................................................................................................... 23 120.345 Gains réalisés sur Ia vente de mobtlières valeurs ............................................ 24 21 a { 650,861 Total du passif et de l'avolr des actionnaires so pth de re lent Disponibles seulenient a partir de premier trimestre de 1969. y compris les placements dana lea filiales et lea sociétés affiliêes ainsi que les avances taites 25 a ces sociétés Jusqu au quatriéme trimestre de 1968. - 42 - TABLE 26. Closed-end Funds Investment Portfolio at Market Value 1967 1966 1 No. a b c I 11 li v vi vii viii lx I 4 2 3 1 2 :i thousands of dollars Investment portfolio: Investments in Canadian securities: Canada treasury bills ................................................................. 1,028 Government of Canada .............................................................. 6,734 .... 1.245 .:::::::::::::::::::::::::::::::::::::::::::::::::::::::: } Sales finance companies notes.............................................. 7,592 Commercial paper ..................................................................... Bank term deposits' ................................................................ Other term deposits' .................................................... .............. Corporation bonds and debentures ........................................... 10, 15'? Mortgages ......................................................................................... 759 Investments in Canadian shares: Preferred shares ......................................................................... 45 , 036 46, 115 699,806 681.591 637 58,638 8,027 150 9.454 358 8.800 669 7,712 288 6.928 6,671 1,460 1.154 1,155 1,082 1,056 913 27,696 18, 268 13,060 15.727 8.926 6.883 9.961 763 8,913 759 12,452 709 7.648 655 '7, 299 621 6.879 597 42.554 54. 790 640,048 611,174 61,366 677,872 61,761 664,249 674,577 887 46,707 932 50,009 1,687 60.822 1,270 61. 144 1, 279 66,710 834,888 768,874 298,870 231,298 753,439 217,757 835,240 289,212 813.542 260,279 823,588 267,433 841,121 775,163 766,391 845. :ios 826,157 834, 127 - - 59,079 } Investments in foreign securities: Bonds, debentures, notes, etc. .......................................... .... ...962 .. 368 Preferred and common shares ................................................ ...59 Investments in subsidiary and affiliated companies:' Preferred and common shares' .............................................. I ifAdvances and other loans' .................................................... Total portfolio at market ....................................................... 832, 687 d I II e 2 Lorealized appreciation .................................................................... 321, 765 Total assets at market ............................................................ ... 84.5, 267 3 4 Data not available prior to fourth ouarter 1968'Included in item 1 (cii) prior to fourth quarter, 1968. TABLE 27. Closed-end Funds Quarterly Statements of Estimated Revenues and Expenses 1967 1966 11213 Revenue 31 32 33 34 a b I 4111 thousands of dollars 1 2 . 559 679 720 710 545 7.225 248 289 8.321 5,613 291 484 7.067 6.779 436 370 8,305 6.047 300 479 7,536 6.036 303 381 7,265 6,507 315 586 7.877 Management fees' .................................................................................. Directors' fees' ...................................................................................... Custodian and transfer agents' fees'.................................................. Commissions paid on sale of shares' ................................................ Transfers to reserves' .......................................................................... .. Interest paid ...........................................................................................490 88 ......... Income taxes .................................................................................. Other expenses .......................................................................................688 266 Total expenses .............................................................................. . 587 252 756 1.595 550 191 699 1,440 520 301 848 1,669 653 250 645 1.548 568 208 580 1,356 5,247 6,726 5,627 6,636 539 208 1, 140 1.887 5.649 5,717 6,521 Interest .................................................................................................... ..529 . DivIdends: 5 22'? Canadian companies.......................................................................... . Foreign companies .............................................................................276 Other revenue .........................................................................................481 Total revenue .............................................................................. .... 513 Expenses 40 41 42 43 44 45 46 48 49 Net profit ......................................................................................... 51 Data not available prior to first quarter, 1969 TABLE 28. Closed-end Funds Quarterly Statements of Estimated Retained Earnings I 1966 1 No. 1 2 - 61 62 63 64 65 66 Balance at beginning of quarter ..........................................................222,006 Add: 24 7 . Net profit .............................................................................................5, Profit (losses) on sale of securities' .............................................5, 82 6 Deduct: Dividends declared .............................................................................. 4,642 Other adjustments' ............................................................................ .(1,142) 229 , 57 9 Retained earnings at end of quarter ............................................. 2 1 3 1 4 1 thousands of dollars 1 1 1967 2 1 3 229.579 226,576 238.564 240,706 241,491 248.960 6,726 3,898 5.627 1.863 6.638 1, 209 5,649 875 5.717 7.217 6.521 5,039 4,736 109) 236,576 (11 5.545 (43) 238,564 5,868 (165) 240.706 Profits shown are after deductions of losses that have occurred; losses are after deduction of profits for the quarter. Includes unaccounted items. 5,789 (50) 241,491 5.927 (462) 248,960 5,394 255, 119 - 43 1fltBLEAI' 26. Sociétés de placement a capital fixe Portefeuille I Ia valeur au marchë 1 1969 1968 1967 4 _1 I4L_ milliers de dollars 74 5. 284 6,785 648 6.102 20 6, 144 15 5.348 8,761 17, 738 16. 820 4,850 6,074 649 5. 185 571 5,683 575 6,383 564 57.064 609,616 52,041 566.197 58,769 659, 648 51. 265 707, 268 f 750, 351 67 48,221 749,156 192 1,114 66, 182 1.939 53.207 3,026 62,518 3,760 64,486 3,243 66,715 1,941 43.663 9 ,016 .1 29.420 23,002 900.029 288,993 944,648 932,018 297, 635 948,496 - 756, 893 197,632 768, 626 703,519 137,818 715,241 15 5,300 9,519 1 1,970 1,000 \ 17,107 550 8,444 9,395 549 611 46, 247 614,524 257.893 880,506 813,768 214, 646 827.666 ____ Portefeullie: I Placements en valeurs canadiennes .................................................... a Bons du trésor do gouvernement do Canada .................................. Obligations du gouvernement du Canada .......................................... ii f Obligations des provinces .................................................................. lii 1 Obligations des municipalités ........................................................ ....vi Billets des socjéiés de financement des ventea .............................. V 'ritres commerciaux ..............................................................................vi DépSIs I terme dams les banquea'., ...................................................vii Autres dép&s A terme' ... ........ .................... .... ................................. ... viii Obligations des sociétés .................................................................... ix Hypoth('ques ............................................................................................ b Placements en actions canadlennes: Actions privllégiées .......................................................................... c I Actions ordinaires ................................................................................ Ii Actions de fonds mutuels ................................................................... iii d Placements en vsleurs étranglres: OblIgations, billets, etc. ........................... ..................................... Actions priviiégiées et ordinaires .................................................. .... ii Lea fiiiales et ies sociétés affili6es 2 : Actions privilegiées et ordinaITes' ............. . .................................. ... I Ii .\v40es ci autres ernprunts 2 ............................................................ Total du portefeutile ..................................................................... 2 A4,pr6cjation non rjajjeé. ........................................................................ 3 'tc(il total A Ia valeur do marché ......................................................4 'Dispon Ibles settlement I partir do quatrième trimestre de 1968. Con,ri a dams le poste 1 (cii) avant le quatrlêni* trlmestre de 1968. TABLEft*L 27. Sociétés de placement A capital fixe Etats financiers trimestriels - Estimations des revenus et des dépenses 967 1968 . 4H 1 2 1969 3 1 4 1 No illiers de dollars 530 436 675 988 870 829 6.872 5,421 292 256 346 493 8,040 6,606 6,458 8,317 189 159 347 831 7,669 10.095 5.468 231 588 7,157 5 .235 191 684 6 ,939 231 47 25 - 453 124 619 1,196 5,410 553 528 762 1,843 6,197 293 437 707 1.437 8,688 353 299 783 1,435 6,234 299 423 1.124 1,816 5,311 299 427 679 1 ,708 5 ,231 Revenus lntérêts ............................................................................................................. 31 Dlvidendes: 32 Sociétés au Canada ...................................................................................... a Sociétés hors du Canada,. ......................................................................... .. b Autres revenus .................................................................................................. 33 Total des revenus .................................................................................... 34 Dépensea Frais de gestion' .............................................................................................. 40 Jetons de presence des administrateurs' ..................................................... 41 RetrIbution des déositaires ci des agents de tranafert' ........................... 42 Commission payee sur Ia vente des action s .................................... . 4 3 Transfert aux reserves' ................................................................................. 44 Intérlt verse ..................................................................................................... 45 ImpOt sur le revenu .......................................................................................... 46 Autres dépenses ............................................................................................... 48 Total des dépenses ................................................................................. 49 Bénélice net ............................................................................................. 51 Dkspo sibles seuiement I partir do premier trimestre 1969. TABLEMJ 28. Soclétés de placement a capital fixe tats financiers irimesirieis - Estimations des bénéfices retenus 1967 4 1 1969 1968 1 2 3 4 milliers de dollars 255.119 257.116 276,737 270,776 294,822 301,236 17 4 5,410 20.486 6,234 4,441 8,658 28.008 5,311 5,956 5,231 7,043 ti 38 116 5.644 631 276,737 6,093 10,543 270,776 5,431 7,189 294,822 • 6,635 (1.782) 301,236 7.688 13,966 291,856 N° Solde so debut do trimeatre ...........................................................................61 Ajoute,: Bénéfice net ................................................................................................. 62 GaIns (oo pertes) sur Ia vents de valeurs mobiheres' ........................... 63 Dédul re: Dividendes déclarés ................................................................................... 64 Autres rajustements' ................................................................................... 65 Solde ha fin do trimestre ..................................................................... 66 * Y compris lea posies inexpliqués. 3 GaIns: aprIs deductions des pertes encourues; peries: aprIs deductions dos gains réalisés. WISM TABLE 29. ('losed-end Funth Quarterly estimates of Movements of F':: 1 2 3 4 1 2 3 No. thousands of dollars - Sources' I Sale of shares .............................................................................................. 41! 1,951 4.912 541 2 Undistributed pTQftt'....... ....................................................................... ......619 1,998 82 864 3 Realized capital gains ............................................................................. 5.826 31898 1,863 1.209 815 4 Brokers 3 ........................................................................................................ 181 753 28 1,126 5 Chartered bank loans ............................................................................... 7.261 6 Long term debt ........................................................................................ - 7 Other liabilities. .................................................................................... - 8 - 135 2,035 1,202 - - 6,530 - 48 - - - 6.928 140 - - 683 385 6,128 1.225 3,106 3.375 Total of items ito 7 ......................................................................... 12. 378 15.875 799 5.017 - 2.903 162 1, 127 7.217 5,039 250 Il - - 5,612 718 .. 297 3,258 - 12 516 - - 4,525 597 2.707 6.877 9,751 940 3.137 1.260 - Applications' Cash and demand deposits: 3 10 In banks ................................................................................................ - 762 Demand deposits in other Institutions............................................ It Foreign currency ................................................................................ 9 12 Canada treasury bills ............................................................................... 8 13 Government of Canada ..............................................................................962 14 ProvincIal governments .......................................................................... 1 15 Municipal governments .......................................................................... 16 Sales finance companies' notes ............................................................ 1 17 CommercIal paper .................................................................................. 18 Bank term deposits ................................................................................ 19 Other term deposits 20 Corporation bonds and debentures .......................................................865 21 CanadIan preferred shares ....................................................................... - 1,116 22 Canadian common shares ...................................................................... ..3 - 51081 - 1,028 150 208 1. 283 1,436 - 729 - 1.043 7.022 - 52 221 - 286 - 2 - 4.322 20,004 - 9,428 - 5,208 14. 707 - 398 811 3,512 - 2.178 311 - 381 - 28 1,241 - 599 - 24 - 130 - 2.043 - - - 99 - 2,667 - 6,801 4,993 - 226 - 259 1,764 5. 155 1.932 2.524 147 1.414 12. 921 - 5.552 8.936 10. 721 5. 153 319 259 39 748 915 732 2.140 2,418 624 387 1.222 202 6.877 9,751 940 2,951 - - - - 23 Canadian mutual fund shares ............................................................... 24 ForeIgn bonds, debentures, notes, etc. ............................................ 25 Foreign shares .......................................................................................719 26 Subsidiary shares6 ................................................................................ 27 Advances to subsidiaries' ........... .. ................................ ....................... 28 Other' .......................................- .............................................................. 29 Total or iteins9 to 28 .................................................................. .206 1, 163 .2,378 .. - 292 - 636 280 - 160 15.875 799 5.017 - i Refer to note page 49. 2 This item consists of net profit afteT deductions of dividends. Amount due to izokers is shown after deducting amounts due from brokers and other payab} Includes: Short term loans and notes payable, income taxes payable and other liabilities. Ineludes: Term deposits up to and including fourth quarter 1968. 6 Included in itenf 22 prior to fourth quarter 1968. Includes: mortgages, accrued interest, fixed assets, other assets and unaccounted items. - - 387 - 43 S - 45 IBLFAU 29. Sociétés de placement a capital tixe Estiniatinns trimestrielles des rnouvements d la tns , rerio 1969 1 4 jl 2 3 4 miUlers de dollars Provenance' 1,241 - 2.134 Vente d'actions .............................................................................................. 1.880 - 3.107 Bénéfices non répartis 3 .................................................................................2 304 Gains de capital r6alIs6s............................................................................... 3 - 6,403 Agents de change 3 ........................................................................................... 4 - 3,653 Emprunts des banques ft charte ..................................................................... 5 43 Dette ft long terme ........................................................................................... 6 3.050 Autre passlf. ............ . ...... ................................................................................ 7 11.986 Total des posies 1 ft 7 ........................................................................... 8 67 897 43.025 6.278 - 18.322 - 305 150 3.177 20,724 20,486 4.441 28.008 5.956 1.612 2,988 6.758 931 1.183 757 - 1.209 - 196 - 11,504 - - 37 - 2 1.404 - 1.770 - - 4,397 6.593 138 - 326 - 1. 121 - - 39 - 11.015 - - 1.085 12,006 28.466 44.695 187 - Emplol' Encaisse et dépôts ft demande3 ; 1.810 - 1,385 - - - 250 - 634 - 20 - 34 - 22 94 1.878 8,977 26,109 278 - 918 6,537 5 915 19 - - Dansles banques ....................................................................................... 9 1.569 Dépôts ft dernande dana d'autrea institutions ......................................... 10 309 DevIses étrangères ...................................................................................11 - 59 Boris du trésor du gouvemement do Canada ............................................... 60 - Obligations du gouvernement du Canada ..................................................... 13 -63 37 - 28,917 729 - 959 2,636 - 1,768 - 1.910 1,442 - 479 1,868 563 41.351 10.273 Billet ft court terme des soclétés de ilnancement de ventes ................... 16 8,519 Titres commerciaux ......................................................................................... 17 17,107 Dépôts ft terme dans lea banques ................................................................. 18 550 Autres dépôts ft terme ................................................................................... 19 6,273 Obligations des soclétés ............................................................................... 20 3,624 425 ActIons prlviléglées canadiennes ............................................................... 21 6.034 6,377 ActIons ordinaires canadlennes ................................................................... 22 1. 15 101 Actions de fonda mutuels canadlens ........................................................... 23 1,216 Obligations, billets, etc. étrangers ............................................................. 24 16,189 Actions étrangères ......................................................................................... 25 . 1,126 - - 185 704 1,175 919 - 492 - 1,414 - 145 4.295 2.257 - 763 - - 1 21.991 2,354 jActions des soclétés filiales' ....................................................................26 Avarice des soclétés flltales' ...................................................................... J 467 455 366 737 835 4.397 6.593 44.695 28.466 12.006 - Obllgationa des provinces ............................................................................14 1 1.970 4,669 11.970 564 12 10bligations des municipalités ....................................................................... 15 [. - - . 27 1.267 Autres3 ............................................................................................................. 28 11.986 Total des posies 9 ft 28 ..................................................................... 29 - - . I're de se référer ati renvol général ft Ia page 49. ft designer ies bénéfices nets aprés deduction des dividendes. .res deduction montana dus par lea agents de change et autres comptes ft payer. rnpris les emprunts et lea billets ft payer ft court terme, impôt sur le revenu ft payer et autre passif. \ cornpris les dépôts ft terine jusqu'au quatriéme trimestre 1968 inclusivement. Compris dana le paste 22 avant le quatrieme trlmestre 1968. Y cornpris les hypothèques, l'intérêt couru, lea imrnobilisatlons, autre actif et lea postes lnexpliqués. - 46 - TABLE 30. Investment Dealers Quarterly Estimates of Assets and Liabilities - 1967 1966 1 2 4 3 1 2 3 thousands of doliars Assets 1 a b 2 Cash on hand and demand deposits: In Canadian dollazs: Cash and bank demand deposits' ...........................................32, . 785 j ii Deposits in other institutions ................................................ ..882 . 2. In foreign currency ...................................................................... .. 942 Securities owned: Canadian: Bank term deposits.................................................................. .6,061 i Finance companies' paper ...................................................... ..41, 033 Ii Commercial paper .................................................................... ..46, 523 iii 690 iv Canada treasury bills .............................................................. ..74, . Government of Canada: v Term less than 3 years ........................................................(10, 021) A B Term over 3 years ................................................................ .. (22,077) vi Provincial governments ............................................................ 27, 618 Municipal governments ............................................................... 25, 880 vii viii Corporation and institution bonds .......................................... 43, 381 Preferred and common shares .................................................. 16, 522 ix x Other investments .................................................................... ....10 b Investments In foreign securities: ITerm deposits .......................................................................... ..1 3. 329 Other securities ....................................................................... ii 21,877 1,238 1.749 6,876 1,551 1,747 9.245 386 718 14,038 487 622 11.603 31,087 423 689 6,310 1, 170 78,389 42,030 188.386 22.462 79.776 40,818 160,387 30,330 43.848 50,030 179.323 12,048 61.430 94,012 205,308 60.246 33,056 72,678 55,850 63,643 224,897 223,572 43,970 20,264 27,691 5,464 30.966 19,565 53,067 18.260 350 43.506 23.662 65, 153 18,123 38,990 17,867 5 70,835 63,806 66, 254 35,507 46, 172 22.629 203 90,111 66,320 90, 157 40.827 42,868 18,758 1, 100 81,462 86.457 16.776 9,634 95.803 57.661 27,688 21,663 57,501 41.965 15,465 17.362 757 479 3,738 1,820 10,487 2,639 638 47, 298 412 55,716 1,369 33,790 1,515 37, 176 1,388 3, 48,362 76.415 563,168 586,739 646,650 827,614 727,253 732,787 409,623 5,575 395.473 4,083 481,696 10,096 559, 120 7,580 524,095 549.597 13,384 20.277 14,368 136,040 14,939 172,459 11,376 132,296 11,602 224,838 8,297 8,208 178,907 166.094 565,606 586, 954 635,464 803,140 724, 683 44. I a 3 a b Loans and advances: Subsidiary and affiliated companies .........................................1,627 Other loans and advances receivable ....................................... 69,986 986 4 Land, bulldlngs,furnitures, and leasehold improvements' ........ 5 Stock exchange and grain exchange seats' .............. .................... 6 Other assets'.................................................................................... 7 Total assets3 ............................................................................ .501, 151 5,94: Liabilities 11 Loans: a Bank overdrafts ............................................................................ . 296, 103 Day to day loans .......................................................................... .4, b . . 228 cCall loans'.................................................................................... d Secured loans under buy back or repurchase agreement' ...... e Loans from parent, subsidiary, and affiliated companies 15,623 f Other loans .................................................................................. .82, 353 12 Accounts payable and other liabilities ....................................... Shareholders' equity 3 21 Share capital: a Preferred shares' ........................................................................ bCommon shares' .......................................................................... 22 Retained earnings' .......................................................................... 23 Reserves'.......................................................................................... 24 Total liabilities and shareholders' equity' ................... 498, 305 'Prior to 1966 demand deposits includes an undetermined amount of term deposits which are Included from first quarter. 1966 in item 2 a i. 2 Some data not available prior to first quarter 1969. - 47 - I'ABLEAIJ 30. Courtiers de placement Estimations trimestrielles de l'actif et du passif 1968 1967 4 1 2 milliers de Actif 15, 132 11,330 11,464 386 536 492 8,364 20.321 793 17,017 340 521 56,804 62, 179 198, 158 84,905 71, 172 56,040 70, 133 19, 141 38.237 23.663 25.903 353 17,608 13, 218 211 2,608 Encaisse et dépôts a demande: Dollars canacliens: Encaisse et dépôts I. demande bancaires .................................................. Dépóts dans d'autres Institutions .............................................................. Devisesétrangères .......................................................................................... Valeurs dètenues: Canadiennes: DêpSts a terme dana lea banques .............................................................. Titres de sociëts de financement des ventes ........................................ Titres commerciaux ...................................................................................... Eons du Trésor du gouvernentent du Canada ............................................ 58.464 41.031 38.443 115,058 102,844 59,425 206,862 141.237 188.576 56.485 102, 195 122.754 46.435 95,491 230, 161 56,212 105.074 100,879 150,557 98,468 63,4'?'? 45,721 62,265 85,947 54,993 75, 122 138,539 87,511 72,454 18,334 20,598 14.744 44.362 39.830 29,025 16,933 14.403 13.166 1, 155 1.260 874 2,279 2,770 2,219 58,367 25,920 105,473 29,953 34,315 24.204 1.360 1,726 86,485 33,019 86,388 12.668 34,688 24.476 2,604 a Ii b II 111 Iv Obligations dii gouvernement du Canada: EchèanCe en moms de 3 ass ................................................................... Echèance en plus de 3 ass .................................................................... Obligations des provinces .......................................................................... Obligations des municipalités .................................................................... Obligations des sociétés et institutions .................................................. Actions privilégiées et ordinaires .............................................................. Autresplacements ........................................................................................ Placement en valeurs étrangères: Dépôts a terme .............................................................................................. Autresvaieurs étrangères............................................................................ A 13 vi vii viii lx a b 2,279 1,728 1 8,224 4,008 4,217 3,417 4,408 40,737 54.555 45.321 3.374 39.419 6,913 358,804 Frets et avances: Soctétés filiales et affillées .......................................................................... Autre préts et avances k recevoir .................................................................. a lb 6.563 Terrains,immeubles, mobilier et ameliorations locatives'.............................. 4 3, 271 Adhesions it Is bourse des valeurs moblllères et a Ia bourse des grains',... 5 2,219 2.770 It . 45, 115 54,855 750,856 I 658,770 801,552 1 902.506 796.274 1,193,981 Autreactif' ............................................................................................................ Totalde l'actlf' ............................................................................................ 3 6 7 Passif 548, 476 30, 192 8,872 134. 259 507,864 662,392 658.534 32.877 23,602 11,830 7,760 8,055 11,804 151,542 117,206 224.696 556,083 8.230 13,823 224,247 Emprunta: Découverts de compte de banque .................................................................... Emprunts au jour le jour .................................................................................. Emprunts remboursable sur demande' ............................................................ Emprunts garantis en vertu de conventions de rachat'................................ Emprunts d'une soclété mere, d'une illiale ou d'une soclété affillée ...... Autresemprunts ................................................................................................ 11 68,399 221,024 374,553 32.288 18, 136 66,222 328,886 Comptes a payer et autre passli ........................................................................ 12 a b C d 0 Part des actionnaires' 21 Capital-actions: 17,701 Actions privilôgiées'........................................................................................ 13,721 Actions ordinaires' .............................................................................................b . 45,344 Benéfices retenus'................................................................................................ 22 7,707 Reserves' ............................................................................................................... 2 3 99 700,043 2 811,255 906.864 822,385 1,193,981 Total du passtf et de Is part des acttonnsires' ........................................24 Ce poste compren alt aussi, av ant 1966. Un certain nombre de dépôts Dlsponibles seub ment a parti du premier trimestre de 1969. a terme; ils sont compris, a partir du premier Irimestre de 1966 dans le poste 2 a I. - 48 METHODOLOGY AND SOURCES Corporations and financial institutions submit financial data directly to Dominion Bureau of Statistics on a quarterly basis. While it may be desirable to obtain returns from every firm operating in Canada, the cost and resources involved in compiling, collecting, analysing and aggregating such a mass of statistics dictates the utilization of sampling and statistical techniques, particularly in industry groups comprising numerous small firms. All large corporations are required to submit a return each quarter. For the balance of the companies, sampling techniques are utilized. The present sample is stratified into four size groups. The greater the total assets of a firm the larger the percentage of firms that are required to submit returns in that size strata. Conversely, the smaller the total assets, the smaller the percentage of firms required in the sample. MITHODOLO6IE FT SOURCF Les sociétés et les institutions finanr niuniquent au Bureau fédéral de la statistique cliaiti trimestre les renseignements concernant leurs act ivités financières. Il serait souhaitable d'obtenir les chiffres de toutes les sociétés exerçant au Canada; mais le coit airisi que le travail de collecte, de dépouillement, d'analyse et de groupement d'une telle masse de statistiques exige lerecours a l'échantillonnage et aux techniques statistiques, en pftrticuher en ce qui concerne les groupes réunissant un grand nombre de petites sociétés. - Toutes les grandes sociétés sont soumises a la declaration trimestrielle. Pour les autres sociétés on procède par sondage. L'échantillon actuel est stratifié en quatre groupes de taille. Le nombre de sociétés soumises a Ia declaration dans chaque strate est directement proportionnel a l'actif total des sociétés. In most industry groups, each category in the balance sheet, revenue, expense and retained earnings statements are linked by size strata and by industry group directly to annual national revenue tabulations which covers all corporations in Canada submitting income tax returns. Quarterly sampling data by size strata and by industry group are then blown up to universe proportions, category by category on the basis of each category's relationship in the sample to the universe data. The resultant estimates for each category are revised (rebased) annually on the basis of the more current year national revenue tabulations. Dans la plupart des groupes on Ctablit la relation directe entre chaque rubrique du bilan et de l'Ctat des revenus, dépenses et bénéfices retenus par strate de taille et par groupe industriel et les statistiques annuelles du revenu national sur l'ensemble des socjétés qui produisent des declarations d'impôt sur le revenu. Ensuite on groupe les chiffres par strate de taille et par groupe industriel obtenus partir des sondages trimestriels afin de les amener aux proportions de l'univers, catégorie par categoric, compte tenu de Ia relation par rapport a l'univers de chaque catégorie de l'échantillon. Les estimations ainsi calculées pour chaque catégorie sont revisées (nouvel univers) tous les ans a la lumière des statistiques courantes du revenu national. National revenue universe base data are adjusted quarter by quarter to reflect the structure of the industry as it is made up in the quarter under consideration. This involves adjustments for reclassification of companies into or out of the industry group, mergers, spin-off's, consolidations, deconsolidation, etc. Les données qui proviennent du revenu national et qui servent de base a l'univers soot rectifiées tous les trimestres afin de traduire la structure de I'industrie telle qu'elle se présente durant le trimestre considéré. Cette rectification tient compte de nouvelles sociétés, des sociétés exclues du secteur, des fusions, des absorptions, des concentrations, des décentralisations, etc. In some industry groups, national revenue tabulations do not represent the entire industry. In such cases, a universe must be developed in order to have an universe base for the quarterly series. An example of this would be the local credit union series. For this series an annual census is conducted by officials of the department responsible for the regulations of credit unions in each province. Once these data are collected and compiled, each provincial department forwards the data on a national standardized form to DBS for further analysis and publication of an annual national report on credit unions in Canada. Certains groupes industriels ne sont pas entièrement couverts par les statistiques du revenu national. Dans ce cas, ii faut définir l'univers afin de disposer d'une base Qui servira a l'étahlissement des series trimestrielles. La série sur les caisses locales d'épargne et cle credit en fournit un exemple. En effet dans toutes les provinces le ministre chargé du contrôle des caisses d'épargne et de credit fait un recensernent annuel. Les renseignements recueillis sont dépouillés puis chaque ministère provincial les transmet sous une forme normalisée au B.F.S., qui en fait une analyse plus approfondie et les publie dans son bulletin annuel sur les caisses d'épargne et de credit au Canada. W - 49 - . The data for the "Movement of Funds" ;tatement are calculated from balance sheets and ocome statements which are reported quarterly DBS. Every attempt is made to determine true lows from the information collected but total sources of funds and total applications of funds are not published as such on a quarterly basis as this would require a duplication of almost every category in the "Movement of Funds" statement. As a result, the decision was made to distinguish the most common sources and applications and maintain this segregation quarter by quarter. Users of this data who wish to utilize total sources and applications of funds may do so by rearranging this table. Total sources of funds may be obtained by picking up all positive items in the "Source" section and all negative items in the "Application" section. Total application of funds would consist of all positive items in the "Application" and all negative in the "Source" sections. Les chiffres donnés sous la rubrique "Mouvements de la trésorie" sont calculés a partir des bilans et des états des revenus envoyés trimestriellement au B.F.S. On s'efforce dans la mesure du possible de déceler les flux reels, a partir des renseignements recueillis, mais les totaux quant a la provenance et a 1' emploi des fonds ne sont pas publiés comme tels trimestriellement, car 11 y aurait double emploi avec la rubrique "Mouvements de la trésorie" dans presque toutes les categories. Pour cette raison, on a décidé de distinguer les provenances et les emplois les plus courants et de s'en tenir a cette distinction pour les series trimestrielles. Les utilisateurs qui désirent se servir des chiffres globaux de la provenance et de l'emploi des fonds peuvent obtenir ces chiffres a partir de ce tableau. Pour calculer la totalité des provenances de fonds, ii suffit d'additionner tous les postes positifs de la section "Provenance" et tous les postes négatifs de la section "Emploi". La totalité des emplois sera Ia somnie des postes positifs de la section "Emploi" et des postes négatifs de la section "Provenance". NATIONAL ACCOUNTING RECONCILIATION CONCILIATION AVEC LA COMPTA DILITE Ni%TIONALF Under present methods of national accounting, he operating results of all corporations within lie nation are summarized. Due to conceptual Ii fferences between national accounting and usiness accounting, particularly in the area of non-cash outlays, the respective profits do not lirectly conform. To reconcile these two profit concepts, the following procedures may be utilized: Les méthodes dc comptahilit nationali! employées actuellement permettent la recapitulation des résultats d'exploitation de l'ensemble des sociétés du pays. Etant donné les differences d'ordre théorique entre la comptabilité nationale et la comptabilité des entreprises, en particulier dans la section qut concerne les dépenses n'exigeant pas de déboursés en espèces, les bénéfices ne concordent pas dans les deux systèmes. Afin de les faire concorder, on peut procéder de la manière suivante: Industry net profit Bénéfices nets de l'industrie Add: current income taxes deferred income taxes depreciation depletion provision for (transfer to) reserves Ajouter: impôts courants sur le revenu impôts différés sur le revenu amortissement épuisement provision pour (ou transferts aux) reserves Deduct: dividends rec eived from Canadian corporations capital gains reported as a revenue item charges to reserves and actual losses and write-offs charged as expense items capital cost allowances Déduire: dividendes payés par les sociétés canadiennes gains de capital déclarés au poste des revenus montants portés aux reserves et pertes réelles ou défalquées imputées sur les dépenses allocation du coüt en capital Approximates: National Accounts Corporation profit before taxes (item 3, Table 1, Catalogue No. 13-00 1) Donnant un aperçu approximatif des: bénéfices des sociétés (comptes nationaux) avant les impôts (poste 3, Tableau l,numéro de catalogue 13-001) Other national accounting conventions, such is the elimination of charitable contributions as xpenses, affN't profits to a lesser ic cr00. D'autres principes de la comptabilité nationale comme par exemple l'élimination des versements aux oeuvres de charité au titre des dépenses, ont une nloins grande influence sur les benefices. - 50 LIST OF GROLPS The folloving is a tentative list of financial institutions or financial intermediaries which are or will be included in this publication: Chartered banks Life insurance companies Fire and casualty insurance companies Trust companies Mortgage companies Local credit unions Central credit unions Investment dealers Sales finance and consumer loan companies Business finance companies Mutual funds Closed-end funds Investment-management companies Real estate operators and developers Agents and brokers Miscellaneous financial companies Definitions of Groups LISTE DES GROLPES La liste suivante est un projet de liste des institutions financières ou des intermêdiaires financier qui sont inclus (ou le seront) dans Ia présente publication: Banques a charte Sociétés d'assurance-vie Sociétés d'assurance-incendie et d'assurances générales Sociétés de fiducie Sociétés de prêts hypothécaires Caisses locales d'épargne et de credit Caisses centrales d'épargne et de credit Courtiers de placement Sociétés de financement des ventes et de prêts aux consommateurs Sociétés de financement des entreprises Fonds mutuels Sociétés de placement a capital fixe Sociétés de gestion de placements Entrepren curs et amCnageurs fonciers Agents et courtiers Sociétés financières diverses Definition des groupes Fire and Casualty Insurance Companies Sociétès d'assurance-tncendie et d'assurances gnérales This group covers fire and casualty insurance companies (including Canadian reinsurance companies) operating in Canada under the Canadian and British Companies Act, the Foreign Insurance Companies Act, and corresponding provincial legislation. Accident and sickness branches of life insurance companies are not included nor are the numerous but very small local or parish mutual companies. Ce groupe comprend les sociétés d'assuranceincendie et d'assurances générales (y compris le: sociCtés canadiennes de reassurance) exercant u Canada aux termes de la Loi sur les compagnie-d'assurance canadiennes et britanniques, de la Lei sur les compagnies d'assurance étrangères et des lois provinciales correspondantes. Les divisions "accident" et "maladie" des sociétés d'assurancevie en sont exclues, ainsi que les nombreuses petites mutuelles locales ou paroissiales. Trust Companies Sociétés de fiducie This group includes all companies incorporated under the Trust Companies Act of Canada and corresponding provincial acts. Ce groupe comprend toutes les sociétés constituées aux termes de la Loi sur les compagnies fiduciaires et des lois provinciales correspondantes. Balance sheet and income statement data Les statistiques tirées des bilans et des états includes both company funds (shareholders' des revenus couvrent a Ia fois les fonds de la société equity) and guaranteed funds (deposits and certi- (part des actionnaires) et les fonds garantis (dépéts ficates). Estate, trust and agency funds are not et certificats). Les successions, les fonds de fiducie et les fonds administrés ne sont pas conipris. included. Mortgage Companies SociCtés de prèts hypothécaires This group consists of all companies incorporated under the Dominion Loan Companies Act, savings certificate companies and other companies which raise funds from the public (either directly or through publicly owned parent companies) primarily for mortgage lending activities. Privately financed mortgage companies are not included in this industry group. Ce groupe comprend toutes les sociétés constituées aux termes de la Loi sur les compagnies de prêt, les sociétés qui délivrent des certificats d'épargne et les autres soclétés qui réunissent des fonds du public (soit directeinent, soit par l'intermCdiaire de sociétés méres qui sont des sociétCs publiques principalement en vue de prêts hvpoth'raires. 1 sociétés de prêts hypothécaires uJ1tII\ 1ri- 1 sont pas comprises dans cc grou'. . - 51 I u,iI Credit Inions Fhis group includes all credit unions charby provinces to carry on credit union actiH:os within the respective province except nactive credit unions, the majority of which have had their charters cancelled. Ce groupe comprend toutes les caisses d'êpargne et de credit autorisées par charte provinciale a oprer dans leur domaine sur le territoire de Ia province, a I'exception des caisses inactives, dont la majorité se sont vu retirer leur charte. Central Credit Unions Caisses centrales d'épargne et de credit This group consists of leagues and other organizations that are organized as a central body to perform such services as accounting, financial, credit, investment, etc., for local credit unions as members of the league. In most provinces there is only one such central body whereas some provinces may have as many as 5 or 6, each having its own local credit union membership. Central Credit Unions generally provide services only for the local credit union organization but there are also Centrals that deal directly with individual credit union members. Ce groupe comprend les ligues et autres organismes constitués en organisation centrale afin de fournir aux caisses locales faisant partie de la ligue des services financiers et des services de comptabilitC de credit, de placement, etc. Dans la plupart des provinces il n'existe généralement ciu'un seul organisme de ce genre, mais dans certaines provinces il peut y en avoir 5 ou 6, chacun desservant les caisses locales membres. Les caisses centrales d'épargne et de credit ne fournissent généralement leurs services qu'aux caisses locales affiliées a l'organisme, mais ii existe aussi des centrales qul font affaires directement avec les sociétaires. Sales Finance and Consumer Loan Companies Sociétés de financement des ventes et de prêts aux consommateurs This group covers firms which are in the business of financing goods and services purchased at the factory, wholesale, or retail levels and of lending money to persons on the security of rr)missory notes and chattel mortgages. Included in this latter category are the companies operating nider the provisions of the Small Loans Act. Ixcluded from this group are: wholly-owned .ubsidiaries which have been formed to finance unly the goods and services of the parent company; companies primarily engaged in lending activities to corporations such as factoring companies and holding-management companies; and companies engaged in financing home improvement purchases. This group as herewith defined covers approximately the same firms as those in the DBS publication, "Credit Statistics". Ce groupe comprend les soclétés gui s'occupent du financement des marchandises et des services achetés a l'usine, chez les grossistes ou chez les détaillants, gui prêtent de l'argent a des particuliers contre une reconnaissance de dette ou une hypothèque mobilière. Les sociétés exerçant aux termes de la Loi sur les petits prêts sont incluses dans cc groupe. En sont exclues: les filiales en propriété exclusive gui ont été formées uniquement pour [mancer les achats de marchandises et le paiement de services a la société mere; les sociétés se livrant principalement aux prêts a des sociétés, comme par exemple les sociétés de factorage et de gestion de placements, ainsi que les sociétés qui se livrent au financement des achats en vue de 1' amelioration des maisons. Ce groupe, tel gu'il est actuellement défini, comprend approximativement les mCmes sociétés que la publication du B.F.S. intitulée "La statistique du credit". Sales finance and consumer loan companies were combined in the one group when it was found difficult to separate the activities of the two groups. Most firms carry out both activities either as divisions or through wholly-owned subsidiaries. Where the activities are carried out through whollyowned subsidiaries the parent company generally submits a consolidated return. En raison de la difficulté de séparer leurs activités en deux groupes, on a place les sociétés de financement des ventes et celles de prêts aux consommateurs dans le même groupe. En effet, la plupart se livrent aux deux activités en même tenips, soit qu'elles comportent plusieurs divisions, sUit par l'intermédiaire de filiales en propriCtC exclusive. Dans le cas des filiales en propriCté exclusive, la société mere n'envoie généralement qu'une seule et même declaration. Mutual Funds Fonds mutuels This group includes those firms which have their major assets invested in a portfolio of various types of securities and in which the public may jtirchase any desired number of shares at a price tixed in relationship to net asset value, and redeem mv number of shares held at net asset value. Ce groupe comprend les sociétés dont l'essentiel de l'actif constitue un portefeuille des différents types de valeurs mobiliCres et oü le public peut acheter un nombre quelcnque d'actions a un prix fixé en fonction de la valeur nette au cours et revendre toute quantité d'actions a la valeur nette au cours. I . Caisses locales d'épargne et de crdit - 52 Because the number of outstanding shares constantly changes with purchases and redemptions of shares by each individual investor, the companies in this group are commonly referred to as open-end funds. Comme le nombre d'actions en circulation change con tinuellement selon les achats et les ventes d'action des clients, les sociétés de ce groupe sont égalemeni appelées sociétés de placement a capital variabl. Excluded are those funds set up to operate pension plans, special non-resident owned funds, investment clubs, and other mutual funds the shares of which are not available to the general publics Sont exclus de ce groupe les fonds établis en vue de l'administration de regimes de pensions, les fonds spéciaux des non-residents, les clubs de placement et les autres fonds mutuels dont les actions ile sont pas accessibles au grand public. Closed-end Funds Sociétés de placement Closed-end funds have a common feature with mutual funds in that their major assets consist of investments in securities. Investment policies and objectives of many of the closed-end funds are also similar to those of the mutual funds. However. when an investment corporation exists primarily to gain control and provide management it is excluded from the totals and will be included in another group. Because of the various degrees between these two objectives — investment or control - and also because objectives often change, it is difficult to precisely define this group. We have, therefore, closely followed the group of closed-end funds listed in the Financial Post Survey of Investment Funds. The user of this data is cautioned to the fact that reclassification into or out of this industry of a few companies could change drastically the published figures. a capital lixe Les sociétés de placement a capital fixe ont un point commun avec les fonds mutuels en cc que l'essentiel de leur actif consiste en valeurs mobilires. La ligne de conduite en matière de placement et les huts de nombreuses sociétés de placement a capital fixe sont également similaires a ceux des fonds mutuels. Cependant, les sociétés de placement dont le seul but est le contrôle financier et la gestion sont comprises dans un autre groupe. Ii n'est pas facile de définir cc groupe avec precision en raison, d'une part, des nuances qui existent entre le simple placement et le contrôle financier et d'autre part, des changements qui interviennent souvent dans les objectifs. En consequence, nous avons suivi de près la liste des societes de placement a capital fixe donnée dans le relevé des fonds de placement public par le Financial /'ost. Ii faut toutefois signaler a ceu qui utiliseront ces statistiques que les totaux publies pourraient ètre radicalement modifies par la reclassification d'un petit nombre de sociètés. The main difference between this group and the mutual funds is the fact that shares of closedend companies are not redeemable by the company at net asset value. Share capital is set up as in an ordinary limited corporation. Once the shares have been offered to the public, the number of outstanding shares remains constant. Shares of such corporations may be purchased only from existing holders and owners of such shares must find a buyer if they wish to sell their shares. La principale difference entre ce groupe et celui des fonds mutuels est que dans les sociétés de placement a capital fixe les actions ne sont pas rachetees a Ia valeur nette au cours. Une fois les actions mises en vente au public, le nombre d'actions en circulation reste constant. Les actions de ces sociétCs ne peuvent Ctre achetCes qu'à un détenteur antérieur et les propriétaires d'actions ne peuvent les venrire que s'ils trouvent prencur. Investment Dealers Courtiers de placement This group includes firms which act as principals in the underwritting and trading of securities. Stockbrokers and, where possible, the brokerage business of investment dealers are excluded. Where investment dealers do not maintain separate accounts for their brokerage business, total operations of the firm are included. Ce groupe comprend les sociétés qui jouent le role de principal lors des transactions de valeurs mobilières. Les agents de change et, dans la mesure du possible, les activités de courtage des courtiers de placement sont exclus. On a accepté le chiffre global de l'ensemble des activités dans les cas oC les courtiers de placement ne tiennent pas une comptabilité distincte de leurs activités de courtage. S SS'iCS • Illll iui•i 1010530741 17,