lo°s of Jlll.H'i'J. Thir. thf MiKillcr earnings I from interest, imjuiil to £'0,'V70, and the higher expenses, aiuount i»« to£l 1,830, give a total sum of Jk^^.L'UO, which the (jiovernment Insurance Department loses for bonus pur-poPt-s in comparison with tho prhale office. And the difference, is shown in the fact that its increase of funds for the year fell short by £72,838 of the increase in the case of tlio Australian Mutual Provident Society. Instead o£ having an addition of £133.763 in fluids on a total ol' £2,5'J1.&L2, it should havo had ono of £238,000. Or this comparative shortage of £105,000, as we have shown, £22,200 is represented by a smaller amount of interest earned, aud by heavier expense of management by about. £1 1,000 of funds given in consideration for annuities to tho private society in excess of tbo amount tfiven to the Government office, and tho remaining £72,000 is excess payments for death and other claims by policyholdevs. About £6000 may be allowed to the credit of the (government office in respect of its lower premiums, reducing the excess to £06,000. Whether these comparatively greater claims on the public oniee represent less care in the selei'tion of Jives, or are merely accidental, i<. is impossible u> saw But the outcome of thi*- business, whatever the cause of it under this head, is far from being to its advantage. In nvory essential point the results ol' tbe compftition betneen the Government/ and tho privately managed ofUceare against the former, and give no encouragement whatever 1o the oxteusion of State i management to businesses that come more | properly within the scope of private enterprise. The results of the competition between these two institutions furnish about the best object lesson given in Australasia of the relative advantage of State versus company control of financial undertakings, and every year in which wo have been able to make the comparison the result has been the same.— Sydney Morning Iletatd. THIS WEEK'S SPECIALTY AT TICK GRAND REORGANISING SALE ! WHITE and GREY CJ HUSTINGS! IUTK and GlitiY ■OHEETINGS! Single and Double Bed Widtns, REDUCED BELOW ALL PREVIOUS' QUOTATIONS. o^7 PIECES SPECIAL WHITE i£ 6 SHEETINGS, For Single and Double BedsRegular Priceß. SALE PRICES. 1/1 to? m I/OS m 1/3 1/11 1/6 • 1/9 i X PIECES SPECIAL GREF TWILL JLiIP SHEETINGS, 72 inches wide. Regular Prices. SALE PRICES. 1/1 10? 1/5 1/15 1/45 ALL HOUSEHOLD REQUIREMENTS should be purchased beiore the close of the GRAND REORGANISING SALE ! TE ARO HOUSE. C. SMITH'S SALE /COMMENCES EVERY MORNING, v_> sharp at 9 o'clock. Fresh Bargains every day. THE NATIONAL BANK OF NEW ZEALAND (Limited). Incorporated under the Companies Acts and tbe New Zealand Act 1., 1573. I\7 OTICB is hereby given that a Dividend J3I for the half-year ended 31st March last, at the i-ato of Five (5) Per Cent, per annum, and Bonus at the rate of One (1) Per Cent., has been declared by the Directors, and will be paid to Shareholders on application at an}' ot the Branches in the colony on and after the 21st instant. The Transfer Books will be olosed from this date until the 21st insfc. JAMES COATES, General Manager. Wellington, 7(h July, IS9S. WADJARAPA FARMERS' CO-OPEEA-TIVE ASSOCIATION (Ltd). NOTICE TO. SHAREHOLDERS. nnHE Annual Bnlanoo of tlio Wairarapa .JL Farmers' Oo - operative Association (Ltd.), tauing: pluoo on lUst JULY, lSi>B, Shareholders tiro requested to ivturu Coupons and Vouchers ON or nrKOUK that date, to enable them to participate in the Annual Bouuu. D. AY. ariNTOSII. Secretary. SOCIETY FOR PUOTKCTION OF WOMEN AND OHILDUKN. ANYONE having complaints to mako in connection with mutters in which tho above Society is iutciostcd is requested to wrilo or cull upon tho lion. Secretary. Lady Stout, at hor rosidonoo, Wuisou-streot, an Fridays between 10 a.m. nnd I'J Noon. mHE KARORI REFRESHMENT X ROOMS, UNDER NEW MANAGEMENT. Visitors can uk^y on T3vkuy Attention. cr^rrFw v s^ALE (( > lOAUUI<'NC IS1 ''S KVKKY MORNING, J Hhnvp at 0 o'clock. Frosh Barg-nins ovory day. FUNKKAU NOTICE. rtXRK Vrionus of tlio lato Edith Molton, M wifo of C'mrloa Moltou, of Sydney, and aooonil iluujjhtov of tho Into Kdward Carter, of Puhuuhuuu, i\rt> respect fully invited to titloml her .Funeral, which will leuvo tho Piironinta Station on Wednesday, tho 20th •Inly, I SOS, at Si. SO p.m., for tho Pahautnimi Ccniolory. Oonvevmieos to meet train. J. FLYGKK, & CO., Sunilury Undertakers, TolojMiono 107'?. 20, Cuba-street. FUNKRAL NOTICE. riplll.' Ffionds of Mr. G. H. Kidding avo I. ro.'tponti'ully invited to attend tho Funeral of his lato Paiu> liter, Annie Miibol, which will louvo his rosidonoo. ">ii, Tasman-t-troot, on Wednesday, tho 20th instant, at '2 o'clock, for llio Ksiron Cemetery. OI.AUK * THOMPSON, Undertakers, ,*ie., Tel. 800. No. .•).•), Molesworth-streot. me^iwmamawammxitmmtn^w^^uwra^m^Y^f^tjy i iti ir t-»■t -»■ ■ ■urn ill \\f OLI'MO'S Schnnnps, tho urinary organs, v? Wolfe' fliu only real Schnapps.
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Bibliographic details
Evening Post, Volume LVI, Issue 16, 19 July 1898, Page 6
Word Count
801Page 6 Advertisements Column 2 Evening Post, Volume LVI, Issue 16, 19 July 1898, Page 6
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