LIFE INSURANCE
STATE OFFICE'S FINANCES
In a statement issued for publication to-day by the- Minister in Charge of the Government Life Insurance Department (Sir Apirana-Ngata), he said his attention had just been drawn to a Press.Association message which credited him with having stated in tlio discussion in the House on tho report of the Government Life Insurance Commissioner that the Department "had difficulties in respect of moeting interest charges and such."
"I have been misreported in this matter," said the Minister. "What I intimated-was (in reply to'a remark by the Leader of the-Labour Party regarding some of the unemployed who had difficulty in paying their life insurance premiums) that the Department had its own difficulties and found trouble in coli lecting its interest charges. "To say that such a flourishing institution as the Government Life Insurance Department had difficulty in meeting interest charges is absurd in the extreme, particularly as it has no such charges to meet. I think it necessary to clarify the position, as there are opponents of the office ever ready to seize upon anything which they consider will in any way retard the great progress it is undoubtedly making."
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https://paperspast.natlib.govt.nz/newspapers/EP19310806.2.78
Bibliographic details
Evening Post, Volume 32, Issue 32, 6 August 1931, Page 14
Word Count
193LIFE INSURANCE Evening Post, Volume 32, Issue 32, 6 August 1931, Page 14
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