| Business Summary | | Central
Fund
of
Canada
Limited
is
a
specialized
investment
holding
company.
Following
its
incorporation,
Central
Fund
invested
mainly
in
shares
and
other
securities
of
Canadian
issuers,
primarily
with
a
view
to
capital
appreciation.
During
1983,
Central
Fund
changed
its
character
to
that
of
a
specialized
holding
company,
the
assets
of
which
were
held
through
its
wholly
owned
subsidiaries
primarily
as
gold
and
silver
bullion.
Pursuant
to
the
asset
transfer
agreements
dated
as
of
June
30,
1990,
between
Central
Fund
and
each
of
its
then
wholly
owned
subsidiaries,
Central
Fund
purchased
the
assets
of
such
subsidiaries,
which
consisted
primarily
of
gold
and
silver
in
bar
form,
and
gold
and
silver
bullion
certificates.
These
subsidiaries
were
in
turn
wound
up
and
dissolved
subsequent
to
the
transaction. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Central
Fund
of
Canada
operates
as
a
specialized
investment
holding
company,
investing
in
gold
and
silver
bullion.
For
the
six
months
ended
4/30/01,
revenues
fell
22%
to
$54
thousand.
Net
loss
according
to
U.S.
GAAP
fell
36%
to
$3
million.
Revenues
reflect
lower
balances
of
interest
bearing
cash
deposits.
Lower
loss
reflects
a
decline
in
administration
fees
and
income
taxes
as
a
result
of
a
lower
level
of
net
assets. | More
from
Market Guide: Significant
Developments |
| Officers | |
| Position | Philip Spicer | Chairman | J. C. Steran Spicer | Pres,
Director | Dale Spackman | Vice
Chairman | Michael Parente | VP-
Fin. | Catherine Spackman | Treasurer |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|