NATIONAL MUTUAL.
(By Telegraph.—Press Association.) WELLINGTON, this day. resident secretary of the National Mutual Life Assurance Association, has received the following cable from Melbourne:—The thir-ty-fourth annual meeting was held today, when the annual report and balance sheet were adopted. The chairman congratulated the members on the splendid business done during the year. 8175 upolicies were issued, assuring £2,236,000, and yielding an annual revenue of £74,000. The amount of new policies shows an increase M over £500,000 on the previous year. The income for the year was £030,000. The total funds now amount to £3.674,000. A highly gratifying feature is the rate of interest" which averages £4 16/2 per cent., whilst the 'ratio of expenses of management is lower than last year, notwithstanding the increased volume of new business.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/AS19031223.2.10
Bibliographic details
Auckland Star, Volume XXXIV, Issue 305, 23 December 1903, Page 3
Word Count
128NATIONAL MUTUAL. Auckland Star, Volume XXXIV, Issue 305, 23 December 1903, Page 3
Using This Item
No known copyright (New Zealand)
To the best of the National Library of New Zealand’s knowledge, under New Zealand law, there is no copyright in this item in New Zealand.
You can copy this item, share it, and post it on a blog or website. It can be modified, remixed and built upon. It can be used commercially. If reproducing this item, it is helpful to include the source.
For further information please refer to the Copyright guide.
Acknowledgements
This newspaper was digitised in partnership with Auckland Libraries.