PUKEKOHE POTATOES.

Evening Post, Volume CXII, Issue 138, 8 December 1931, Page 10

PUKEKOHE POTATOES.

An , increased . supply of new season's potatoes at Pukekohe lias resulted in lower jp'rices. On Saturday the price quoted was £8 15s a • ton on trucks for to-day's deliveries.

T. AND G. YEAR

NEW BUSINESS WRITTEN

The repovt for ■the year ended 30th September, 1031, of the .Australasian Temperance and General Mutual Life Assurance. Society, Ltd., or "T. and U." as it is [jopuliirly designated, will be presented at the .uumini guuwul meeting to bu held in .Melbourne ou ISlli December. It states that the new business completed in the ordinary department comprised 21,07-1 policies,: 'asstiriu's ;C5;421,4-/, <U)|J £1701 per annum or iiunuities, and in the industrial department 115,752 policies, assuring £0,031,749., In both departments 130,821) .policies were issued, assuring £10,453,170. in the accident department 2600 personal accident and sickucs3 policies, assuring £ 1,381,050, were issued during tlie year, and, in addition, 4397 policies in the ordinary department were endorsed with accident benefits, assuring £1,272,106. These results are considered l-very satisfactory riii^vifew.-.-'oh-iha- conditions of the year of/ operations. ■ The total ! income of the society has increased to £3,908,292, made up' of- •" £2,972,592 from premiums and £935.40.0 ■ from 'interest. Payments to policy-holders amounted to £1,097,297 as compared with £1,507,239 for tlie previous ygSfc.Th£;fjnids liave increased by £1,009,705"t0'T£ 10,503,693, comprising £8.133,912 pftliriary department funds, £8,355,748 industrial- .-.department funds' mid £16,03.T accident' -department funds. The interest rate for the year on the mean i'ii]ids, exclusive, of overdue interest, was £3 10s Hd per cent., a reduction of 4cl- per cent, only below last year's rate, but the full effects of the reduction of interest brought about by the various Financial Emergency Acts nave not yet been felt. Assets* amount to £17,110,588, of which £10,657,123, or 62.3 per cent., is invested in Government, municipal, and.other local body securities, and 16.9 per cent, in firstmortgage?. Property values having fallen temporarily and the future being uncertain, £150,000 ,has been- added to the reserves for contingencies, increasing the total amount of contingency funds to £324,932, . •-.; -...■ ■...:• . -, It 6hould be noted .that in the balancesheet no credit has been taken for overdue interest, or for agents': balances,, plant, printing and stationery,, furniture, and other non-interest bearing assets. The actuary's report shows that the conservative bases previously used have been further strengthened by the adoption oE a-net premium 3. per cent, basis throughout both departments.