Page 3 Advertisements Column 1

Press, Volume LXXXVI, Issue 26128, 2 June 1950, Page 3

NORWICH UNION LIFE INSURANCE SOCIETY (Extracted from the Report by the Directors to the 142nd Annual General Meeting held at Norwich on the 9th Day of May, 1950.) THE Directors have much pleasure in the President, said that the year under presenting to the Members of this review has again been for the Norwich Mutual Society the following state- Union one of steady progress. Our ment of its operations during the year net new business of more than £32 ended December 31, 1949, the one hun- millions is some £3 millions in excess dred and forty-second of the Society’s of our 1948 figure, while the net rate existence of interest has increased from £3/14/10 MFW duuimwc per cent - tp £3/ 16 /5 per cent, and our mortality experience has been extremeORDINARY LIFE BUSINESS. The ly favourable number of Policies issued was 31,876 ... insuring £32,827.359 and carrying new The over-all expense ratio shows an premiums of £1,477,101. The net new increase of i per cent, of the premium business retained by the Society at its income. own risk was £32.197.568 as against As the Members know, it has lor £29,124,635 in 1948. many years been the practice of your ....a .Directors to invest as much as possible of our Funds in Mortgages and 1 d Tf h in Real Estate and at the end of 1949 no less than 41 P er cent of the Assets nF nf Were held “ the f° rmer and 13 P er £212 W premiums of cent jn toe latter Mr Q. E. Gurney, in seconding, said INCOME AND FUNDS. that the Finance Committee had been Premiums received during the year responsible for investing no less than amounted to £8,949,248. £11,000,000 last year. During the four The net Interest, Dividends, etc., and a half years of this quinquennium received during the year amounted to the net rate of interest had increased £2,759,273, the return on the mean :by 6/- per cent., representing a yearly Funds being £3/16/5 per cent, after | income of £200,000, a useful contrideduction of Income Tax. ; bution to future bonuses. The Income for the year was „ w £l2 184 186 and the outco (including ' e General Manager, Mr W. W. a provision for outetand ng 1 Williamson . said that the results were y outsianamg | due to team work, and everyone in the Assets atthe close of the vear ag- Society’s service had contributed his or greeted £77 614 523 her best. The Society’s total new busigregatea ness - n 1945 was only about £lli mil _ CLAIMS. lions and this had increased to over The claims by death were less than £32 millions. He would like to remind those expected by the Mortality members that a quinquennial valuation Tables. During the year 1674 Policies, will fall to be made on December 31, insuring £1,350.988 (including bonus- 1950, following which the bonus es), became claims by death. Jn addi- declaration would be made. Although tion there were 5777 claims for he could not forecast results he had £3.133,216 by survivance. every reason to hope that the bonuses In moving the adoption of the Re- declared would prove entirely satisport and Accounts, Sir Robert Bignold, factory.—Advt.

/you average r* l MORE ( | i i Widespread competition \ on all lines of \ /A ( li your clip Constant demand for ready wool. Ijet us handle your clip. IV e keep you in touch. Best attention to all your interests. Apply without delay for full details— T? the UNION BANK CHAMBERS, HASTINGS Telephone —HASTlNGS 4230 TALBOT CHAMBERS, BESWICK ST., TIMARU Telephone— TlMAßU 949

NEW MERCURY LIFTS MODERN TYPES OF PASSENGER AND GOODS LIFTS CAN NOW BE INSTALLED AT SHORT NOTICE! All inquiries regarding Modernisation of Old Lifts or the Installation of Complete New Machines will receive our immediate attention. THOS. L. JONES & SON LTD. ELECTRICAL AND LIFT ENGINEERS, 109 TUAM STREET, CHRISTCHURCH. 'Phones 34-421, 30-661.

ALUMINIUM ALLOY CORRUGATED ROOFING MatenaL We are now in a position to supply from stock as follows: We will be • Corrugated Sheets : 3S-H Aluminium pleased to supAlloy Sheets in lengths of 6ft, 7ft, Bft, narticulars 9ft„ 10ft in 24 S.W.G. ply all parhculars Prices per sheeet: regarding 6ft 13/L 7ft 15/3 methods of apBft. 17/6, 9ft 19/9 plication, etc. 10ft. 21/11 - • Hat Sheets : Bft. x 3ft 24 S.W.G. _ A4* are also available for flashing ■ (llrw • Accessories: Formed Ridging, ■ Valley, Spouting, and Down ■ I Iwl I I Pipes are available in Bft lengths. 643 Colombo Street.

Hurrcn u If you suffer from lEADACHES, RHEUMATIC PAINS, NEURALGIA, NERVE PAINS & SLEEPLESSNESS ry Yeast-Vite Tonic Tablets yourself at once! Obtainable everywhere. YEAST-VJTE Sales Agent: Simms Jones Ltd., 221 Lichfield Street, Christchurch, and at Auckland. Proprietors: Irving’s Yeast-Vite Ltd., Watford, England.

CLEAR RAILWAY WAGGONS QUICKLY They Are Wanted : Not Presently, But NOW! To fulfil to-days transportation demands, the Railways Department MUST have the hundred per cent, co-opera-tion of shippers and receivers of rail-borne goods. A waggon standing idle when it could and should be on the running lines is temporarily lost to our transport system and, with waggons so vital as they are to-day, the loss is serious. Rail users ! By clearing waggons promptly you not only help transportation; you also save yourself demurrage charges which the detention of waggons involves. Load Quickly : Unload Quickly : Release Quickly