NATIONAL MUTUAL LIFE ASSOCIATION.
ANNUAL MEETING. By Totcgrcph --Frew Association.— Cupyrlgn*. MELBOURNE, 19th December. The annual meeting of the National Mutual Lifo Association was held today. > In moving the adoption of the report and balance-sheet, the chairman stated that new business during the year had amounted to over three millions sterling. X T ov the first time in the history of the association the interest rat 6 had reached £4 16s 6d per cent., or, deducting taxes, £4 13s 2d on the mean funds. The mortality rate was unusually favourable, while there had been , a reduction in the expenses. A considerablo purchase of Government securities at favourable prices had been effected, arid funds and income had nearly doubled in the last ten years. The report was adopted.
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Evening Post, Volume LXXIV, Issue 149, 20 December 1907, Page 7
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127NATIONAL MUTUAL LIFE ASSOCIATION. Evening Post, Volume LXXIV, Issue 149, 20 December 1907, Page 7
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