COMMERCIAL.

Auckland Star, Volume XLVIII, Issue 300, 17 December 1917, Page 2

COMMERCIAL.

ST. AND G. MUTUAL .U.FE SOCIETI. ANNUAL REPOUT OF BUSINESS. (A. and N-Z. Cable.) MELBODBJTE, December 14. The annual meeting of the Australasian Temperance and General Mutual Life Assurance Society, Limited, took place to-day. The report stated that new business had increased by over £400,000 for tic year, and amounted in all to £3,500,000. ■Premium Income bad increased by £88,000. The increase in Industrial premium income was the largest ever made toy any society in Australasia for one year. The total income bad increased by £105,000 and reached £771,000. The assets are now about f2,750,000. This progress wag made at a satisfactory expense rate. The amount paid to policy-holdere for the year was £278,000, included in which were no less than 822 claims on liven of members who had volunteered for service at the front. A prudent provision against fluctuations has been made by Increasing the fidelity and contingency fund to £23,000. Toe actuary's report discloses a surplus of £81.000 on a stringent baste of valuation. Reversionary bonusee are ou the same liberal scale as last year. The society has contributed liberally tn the war loans and Jiae taken up an additional £250,000 hluoo the cloElnj? of the halance-Rneet. The rate of interest earned has rlaen to £1 17/8 per cent. 53S The first of the extra trains in connection with the Christmas holiday traffic legan running this morning, and the first of the extra trains to Wellington will start to-night, when two Main Trunk trains will leave for the South, one at 7.10 pjn., and another at 7.40 p.m. Lieut. H. C. Wilkinson, eon of Mr. C. A. Wilkinson, M.P. for Egmont, who ■wae recently wounded, is reported aa eerioualy ill. Dr. C. O. Mules, who ie now 80 yeare ef age, last week celebrated the jubilee of hia ministry in the diocese of Nelson. The occasion was taken to present the Biehop with a framed photographic group ,ef the clergy of the diocese.