COLONIAL MUTUAL LIFE
MELBOURNE, May 26. The annual report of the Colonial Mutual Life Association shows that the value of new assurances is not ouite so large a.s in 190*-", though the falling off in business is counterbalanced by substantial decreases in expenditure. The Ne.v South Wales expenses wero reduced by over £11,000 compared with the- previous year, and the eleath claims were t'L"i,()oo below expectations. Tho acquisition of the business of the Standard Life Association is likely to prove of considerable advantage in facilitating the industrial branch. The business in force in the industrial branch on December 31st last represented a premium income of over £12,000, tlie result of six months' work. The actuary's quinquennial report eliscloseei a surplus of £298,291 left over for disyosal.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19100527.2.56
Bibliographic details
Press, Volume LXVI, Issue 13744, 27 May 1910, Page 9
Word Count
126COLONIAL MUTUAL LIFE Press, Volume LXVI, Issue 13744, 27 May 1910, Page 9
Using This Item
Stuff Ltd is the copyright owner for the Press. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Acknowledgements
This newspaper was digitised in partnership with Christchurch City Libraries.