Vol. 151, No. 50 — December 16, 2017
AXA ART INSURANCE CORPORATION
RELEASE OF ASSETS
Pursuant to section 651 of the Insurance Companies Act (Canada) [the “Act”], notice is hereby given that AXA Art Insurance Corporation intends to apply to the Superintendent of Financial Institutions (Canada), on or after January 20, 2018, for an order authorizing the release of the assets that it maintains in Canada in accordance with the Act.
Any policyholder or creditor in respect of AXA Art Insurance Corporation’s insurance business in Canada opposing such release is invited to file an opposition by mail to the Office of the Superintendent of Financial Institutions (Canada), Legislation and Approvals Division, 255 Albert Street, Ottawa, Ontario K1A 0H2, or by email at email@example.com, on or before January 20, 2018.
Toronto, December 4, 2017
Chief Agent in Canada
THE CANADIAN TRANSIT COMPANY
Notice is hereby given that the annual meeting of shareholders of The Canadian Transit Company will be held at the offices of The Detroit International Bridge Company, 12225 Stephens Road, Warren, Michigan, on December 30, 2017, at 3 p.m., for the purpose of electing directors of the Company and for the transaction of any other business authorized or required to be transacted by the shareholders.
Windsor, December 5, 2017
CERTAS HOME AND AUTO INSURANCE COMPANY
REDUCTION OF STATED CAPITAL
In accordance with subsection 79(5) of the Insurance Companies Act (Canada), notice is hereby given of the intention of Certas Home and Auto Insurance Company (the “Corporation”), having its head office in Lévis, Quebec, Canada, to apply to the Superintendent of Financial Institutions (Canada) for approval to reduce the stated capital of the Corporation pursuant to a special resolution adopted by the shareholders of the Corporation on December 6, 2017, which reads as follows:
“IT IS RESOLVED:
- Subject to the written approval of the Superintendent of Financial Institutions (Canada) [the “Superintendent”], to authorize Certas Home and Auto Insurance Company (the “Corporation”) to reduce the stated capital account of its common shares by $36,800,000.00 and that such amount be reimbursed to Desjardins General Insurance Group Inc. and Groupe des Assurances du Crédit Mutuel S.A., as the holders of the common shares of the Corporation;
- That the stated capital account for the common shares of the Corporation be adjusted to reflect such reduction;
- That the Corporation, through its authorized officers, be authorized and directed to do all things and execute all instruments and documents necessary or desirable to carry out the foregoing including, without limitation, the publication in the Canada Gazette of a notice of intention to apply for approval to reduce the stated capital of the Corporation along with this special resolution and the making of an application for the approval of the Superintendent within three months after the time of the passing of this special resolution; and
- That Desjardins General Insurance Group Inc. and Groupe des Assurances du Crédit Mutuel S.A. have no reasonable grounds for believing, and understand that the Corporation, after due enquiry, has no reasonable grounds for believing that the Corporation is, or the reduction would cause the Corporation to be, in contravention of subsection 515(1), any regulation made under subsection 515(2) or any order made under subsection 515(3) of the Insurance Companies Act (Canada).”
Note: The publication of this notice should not be construed as evidence that approval will be issued for the reduction of capital. The granting of the approval will be dependent upon the normal Insurance Companies Act (Canada) review process and the discretion of the Superintendent of Financial Institutions.
December 6, 2017
MEGA INTERNATIONAL COMMERCIAL BANK (CANADA)
MEGA INTERNATIONAL COMMERCIAL BANK CO., LTD.
REDUCTION OF STATED CAPITAL
Notice is hereby given, pursuant to section 75 of the Bank Act, that Mega International Commercial Bank (Canada) intends to apply to the Superintendent of Financial Institutions, on or after December 21, 2017, for approval of the reduction of stated capital of Mega International Commercial Bank (Canada).
- A. Mega International Commercial Bank (Canada) (the “Subsidiary”) has entered into an agreement with its parent and sole shareholder, Mega International Bank Co., Limited (the “Parent Bank”) for the sale of substantially all of its assets and transfer of substantially all of its liabilities to the Parent Bank (the “Sale Transaction”) in accordance with section 232 of the Bank Act (Canada) [the “Bank Act”];
- B. Following closing of the Sale Transaction, the Subsidiary will cease carrying on business except as required to wind up its affairs in an orderly manner, and the Parent Bank will assume and continue such business in Canada through an authorized foreign bank branch (the “Branch”);
- C. In light of the Sale Transaction, the Parent Bank and the Subsidiary wish to reduce the amount held by the Subsidiary as stated capital and return such amount to the Parent Bank at the time of closing of the Sale Transaction, to be employed in the Branch; and
- D. The reduction of stated capital is subject to the approval of the Office of the Superintendent of Financial Institutions in accordance with section 75 of the Bank Act and to certain other conditions, including the publication in the Canada Gazette of a copy of this resolution together with a notice of intention to apply for approval;
IT IS RESOLVED AS A SPECIAL RESOLUTION THAT
- The reduction of the stated capital of the Subsidiary pursuant to section 75 of the Act by an amount of up to $23,000,000 and the return of the capital so reduced to the Parent Bank at the time of closing of the Sale Transaction is authorized and approved;
- The execution, delivery and performance of all other agreements, certificates, instruments and other documents, and the satisfaction of all conditions, necessary or useful in connection with the capital reduction are authorized, ratified and approved;
- Any director or officer of the Parent Bank is authorized and directed, on behalf of the Parent Bank, to determine in consultation with the Chief Executive Officer of the Subsidiary, the amount of the stated capital to be reduced in accordance with this resolution and to execute and deliver all documents, instruments and other writings and to perform and do all acts and things as that director or officer considers necessary or desirable to give effect to this resolution; and
- Any director or officer of the Subsidiary is authorized and directed, on behalf of the Subsidiary, to execute and to deliver all documents, instruments and other writings and to perform and do all acts and things as that director or officer considers necessary or desirable to give effect to this resolution.”
Note: The publication of this Notice should not be regarded as evidence that an order will be issued to approve the reduction of stated capital. The granting of the order will be dependent on the normal Bank Act application review process and the discretion of the Superintendent of Financial Institutions.
Ottawa, December 7, 2017
Mega International Commercial Bank (Canada)
Mega International Commercial Bank Co., Ltd.
By their solicitors
Gowling WLG (Canada) LLP
MEMBERTOU DEVELOPMENT CORPORATION
The Membertou Development Corporation hereby gives notice that an application has been made to the Minister of Transport under the Navigation Protection Act for approval of the plans and site of the work described herein. Under paragraph 5(6)(b) of the said Act, the Membertou Development Corporation has deposited with the Minister of Transport and in the Land Registry Office at Sydney, Nova Scotia, under deposit No. 111721651, a description of the site and plans for the replacement of the wharf located at 46° 09′ 38.36″ N and 60° 11′ 58.67″ W, Sydney Harbour, Cape Breton Regional Municipality, in the province of Nova Scotia, in front of Lot 2017-4.
Comments regarding the effect of this work on marine navigation may be directed to the Regional Manager, Navigation Protection Program, Transport Canada, 95 Foundry Street, P.O. Box 42, Moncton, New Brunswick E1C 8K6. However, comments will be considered only if they are in writing and are received not later than 30 days after the date of publication of the last notice. Although all comments conforming to the above will be considered, no individual response will be sent.
Sydney, November 27, 2017
Terrance G. Paul
NORTHBRIDGE PERSONAL INSURANCE CORPORATION
ASSUMPTION REINSURANCE AGREEMENT
Notice is hereby given that Northbridge Personal Insurance Corporation (“NPIC”) intends to make an application to the Minister of Finance (Canada) pursuant to subsection 254(3) of the Insurance Companies Act (Canada) on or after December 15, 2017, for approval to reinsure, on an assumption basis, substantially all of the liabilities of NPIC with Northbridge General Insurance Corporation.
A copy of the proposed assumption reinsurance agreement will be made available for inspection by policyholders of NPIC during regular business hours at the offices of NPIC at 105 Adelaide Street West, Suite 700, Toronto, Ontario M5H 1P9, for a 30-day period after the date of publication of this notice. Any policyholder may request a copy of the assumption agreement by writing to NPIC to the attention of Paula Sawyers, at the above-mentioned address.
December 15, 2017
Northbridge Personal Insurance Corporation
APPLICATION TO ESTABLISH A CANADIAN BRANCH
Notice is hereby given that SCOR SE, an entity formed under the laws of France, intends to file with the Superintendent of Financial Institutions, on or after January 7 2018, an application under section 574 of the Insurance Companies Act (Canada) for an order approving the insuring in Canada of risks under the name SCOR SE, within the classes of life, accident and sickness insurance. All classes of insurance will be limited to the business of reinsurance. The head office of the company is located in Paris, France, and its Canadian chief agency will be located in Montréal, Quebec.
Toronto, December 5, 2017
By its solicitors
Cassels Brock & Blackwell LLP