HUGE POLICY IN CANADA TO RIGHT EXCHANGE.
s 1 1 ' 3 MONTREAL, June 17.—Messrs Pea--3 body, Houghteling and Co,, of Chicago ! have made apjtlioation to the Canadian : Life Assurance Company for a 750,000 . dollar policy on the life of Alexander B Smith, president of that firm, They j were nrompted largely, it is stated, by . a desire to start a general movement 1 among American business men linv- . ing large interests in Canada, , to right- the exchange situation. In the interests both of the United States arid Canada, the more promptly Canadian money is brought, back to par, t the letter for all business, and In tho I opinion of Messrs Peabody, Houghteling 3 and Co., no better way can be found I than “trading in Canada." . The policy Will he split up among all ! tho Canadian and British companies doing life insurance business.
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Poverty Bay Herald, Volume XLVII, Issue 15594, 10 August 1921, Page 6
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144HUGE POLICY IN CANADA TO RIGHT EXCHANGE. Poverty Bay Herald, Volume XLVII, Issue 15594, 10 August 1921, Page 6
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