COLONIAL MUTUAL LIFE.
A SATISFACTORY TEAK. (Rei.-iv.il 10...0 a.m.) MELBOURNE, this day. At the annual meeting of the Colonial Mutual Life Society, the report and balance sheet war, adopted. Tiie chairman s.iici the report issned -ome time ago of the result of the inquiry wa« a conclusive reply to the averments of a few former employees or the society. Thene averments temporarily interfered with the profit-produc-ing sources of the busine_>, and the directors decided to strengthen the reserve rather than distribute a bonus. Meantime an intermedia to bonus would be paid on nil policies maturing during the triennial period. The society's reserve fund ws_» over .£".,000,000, while its annual income was £725,000. which proved its splendid position. It was securing a*> ..ill a share as ever of the expanding lite insurance of the Empire.
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Auckland Star, Volume XLV, Issue 126, 28 May 1914, Page 2
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134COLONIAL MUTUAL LIFE. Auckland Star, Volume XLV, Issue 126, 28 May 1914, Page 2
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