Page 13 Advertisements Column 1

Press, Volume XCI, Issue 27695, 27 June 1955, Page 13

the colonial mutual life * Salient Features of the 81st Annual Report Year Ended 31st December, 1954. a RECORD NEW BUSINESS w Sums Assured under New Policies issued in 1954 reached the record total of £65,000,000 of which the Society's New Zealand Branch was responsible for the completion of nearly £12,000,000. • administrative economy w Notwithstanding the greatly increased volume of New Business, the Society's administrative expense rate showed a further gratifying reduction. a payments to policyholders w During the year nearly £7,000,000 was paid to policyholders or their dependants, bringing the total of such payments to date to £85,470,000. • BONUSES MAINTAINED W To provide Bonus Additions to benefits under tne society's participating policies the sum of £2,464,165 is being distributed and Bonus Certificates are now in course of preparation. • INCREASED INCOME The Society's rapidly growing membership is reflected in its continued expansion of income, which now stands at the record total of £19,280,000. • interest earnings up One of the sources of profit to policyholders, interest earnings, showed a very satisfying increase. The gross rate earned on the Assurance Fund was £4/12/4%, the nett rate after allowing for income tax on investment income and land tax being £4/5/5%. • CONTINUED EXPANSION Vigorous development of the Society's organisation continued avervwhere. In Hamilton a handsome new building is nearing completion and plans for the erection of others in Nelson and Masterton are well advanced. Purely Mutual No Shareholders THE COLONIAL MUTUAL LIFE ASSURANCE SOCIETY LIMITED Registered in Victoria, 1873. eranches and Agencies throughout tha Dominion.

Races at Washdyke r; K rx SOUTH CANTERBURY \\ jockey club ~ s I I I WIWTER MEETIWG I . wku ] FIRST DAY \WPiW SATURDAY NEXT, JULY 2 SECOND DAY SATURDAY, JULY 9 HURDLES * STEEPLECHASE 6 FLAT RACES A GRAND DAY’S SPORT Special Steam Heated Passenger Train stopping only at Addington, Hornby, Rakaia and Ashburton will leave Christchurch at 8.10 a.m. and arrive Washdyke Racecourse 11.0 a.m. Return train stopping at the same stations will leave Racecourse at 4.50 p.m. and arrive Christchurch 7.55 p.m. Special cheap return fare from Christchurch only 16/-.

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