C.M.L. a record in 101st year
i New sums assured totalled imore- than s2oom for the: | first time, while in the life I department new business ■ rose 16.5 per cent to $1,498m, said the general : manager of the Colonial Muitual Life Assurance Society, | Ltd, for New Zealand and Fiji (Mr R. P. Martell) in I the society’s 101st annual I report. : Premium income increased :by $16.4m during 1974, and [ total income for the whole i society exceeds §25 Im. i “This reflects the continued ! progress and strength in all jof the countries in which I the society operates,” said Mr Martell. “There was a most satisfactory growth in total assets, these now exceeding §1240m.” Policyholder funds now amount to sl6lm. The whole of this sum is invested in New Zealand, some $27.7m of it in home finance loans, and a further s3Bm in company and farming finance. Between them, these items represent 40.8 per cent of total funds; ■ property accounts for s26m (16.1 per cent, company shares $12.8m (8.0 per cent), and the public sector s47m (29.2 per cent). I
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Press, Volume CXV, Issue 33857, 31 May 1975, Page 18
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180C.M.L. a record in 101st year Press, Volume CXV, Issue 33857, 31 May 1975, Page 18
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