Page 3 Advertisements Column 5

Evening Post, Volume CXXXIII, Issue 7, 9 January 1942, Page 3

PUBLIC NOTICES. THE NATIONAL MUTUAL LIFE ASSOCIATION OF AUSTRALASIA LIMITED. (Incorporated in the State of Vieteria, Australia.) .' •. . ESTABLISHED 1169. REGISTERED OFFICE— 1 395- Collins Street, Melbourne. PRINCIPAL OFFICES IN AUSTRALIA— Melbourne: 395 Collins Street. Sydney: 350 George Street. Brisbane: 293 Queen Street. Adelaide: King William Street. Perth: St. George's Terrace. llobart; Macquarie Street. PRINCIPAL OFFICES OUTSIDE AUSTRALIA— • Great Britain: London, 5 Cheapside, E.C.2. South Africa: Cape Town, Church' Square. New Zealand: Wellington, Customhouse Quay. • South Eastern Asia: Colombo, Cr. ChsUhass and Queen Streets. NOTICE IS HEREBY GIVEN that au. Extraordinary General Meeting of The National Mutual Life Association of Australasia Limited will be held at the Registered Office of Mi© Association, 395 Collina Street, Melbourne, Victoria, Australia, on Tuesday, the 24th day: of February,, 1942. at 2.15 o'clock In the afternoon for'the purpose of considering and If thought fit passing the following resolutioas aa special resolutions, namely:— RESOLUTION. "THAT the provisions of the Memorandum of Association of the Association with res;iect to this Association's objects bo altered as follows :— "The' following clause shall be added to Clause 1 of the aaid objects:— "And In conjunction with or aa incidental to the granting v of assurances m aforesaid to undertake the payment of any sum or sums of money on or after any , future date or dates certain or ascertainable or on or after the happening of any contingency of death from a denned cause survival marriage birth failure of issue attainment, ol an age accident injury disease illness or disability: "The following clauses shall be inserted after Clause 4 of the said objects:— "5. To undertake accident Insurance business and to issue policies undertaking the payment of any cum or' sums of money upon or after the death or disability (absolute or partial), of any person or persons directly or indirectly attributable to accident misadventure violence Illness or disease: "6. To contract with leaseholders borrowers lenders annuitants and others for the establishment accumulation provision and payment of sinking funds redemption funds depredation funds renewal funds endowment funds and any other special fund*s for euch consideration and on such terms and conditions as may be arranged: "7. To grant reassurance of any assurances annuities endowments or contracts of the nature aforesaid granted or undertaken by any other Assurance Company: "8. To obtain from any other Assurance Company reassurance of the whole or part of any risks undertaken by the Company: "9. To undertake and execute any trusts In relation to any of the objects of the Company and in particular In relation to any policies granted by the Company or to any moneys payable thereunder: "Clauses 5 and 6 of the Raid objects shall be renumbered 10 and 11 and Clause 7 6hall be renumbered 12 and the following clauses shall be inserted immediately following it: — "13. To invest money in any country or place where the Company carries on or is about to, carry on business of a class or nature hereinbefore authorised In or upon:— j "Any stocks funds, debentures bonds obllga-' tlons or securities Issued or guaranteed by I the Government .thereof "Any debentures debenture stock bonds obligations or securities issued by and charged or secured upon any undertaking works rates tolls dues or revenues of "any county municipal or other public corporation public commissioners board ■ public trust or other public body or local- authority "any company incorporated by royal charter or by statute or any corporation company board• or' trust providing any public utility including any railway shipping canal dockharbour gas water electric light or power telegraph telephone wireless • transport or grain elevator corporation or .company • "Any first mortgage debenture or any fully paid preference or ordinary stock or shares of any trading company which has a paid up capital of not lees than £200,000 and which haa In respect of each of the five years immediately prior to the date of investment paid a dividend at the rate of at least 4 per cent, upon its ordinary stock or shares "Any form of investment required prescribed authorised or permitted ■tot- the Investment or the funds of a Life Assurance Company by any statute or regulation in force in aay eucta country or place "Any form of Investment authorised or permitted by law for the investment df trust moneys in any such country or place "Loans or advances on mortgage or charge or any of the foregoing or of any estate or Interest in any land or immoveables or of any reversionary contingent or life interest in any kind of property moveable or lmmoveable "The purchase or acquisition of any Jand or Immoveables or any estate or interest therein and in .developing improving or otherwise turning*" the" same to account .. 'Unyforin of. In vestment in which any other. Life Assurance Company amalgamated irlth or j bought up or absorbed by the Company lus Its j funds invested at the time of such amalgamation buying up or absorption: > "14. To Invest money in the United States of America In the purchase of or loan upon atocfos funds debentures bonda obligations or securities issued or guaranteed by the Governmsnt of that country: "15. To subscribe either absolutely or conditionally for any stocks debentures debenture stock bonds obligations securities shares or mortgages in which the Company may invest money and to underwrite any issue of any of the same: • • ~ . "Clause 8 of the said objects shall be renumbered lfl and the following clause snail be inserted immediately following It. "17. To vary or transpose any Investments: "Clause 9 of the said objects shall be renumbered IS." RESOLUTION. "THAT the Now Articles of Association submitted to this Meeting and for the purpose of identification subscribed by the Chairman of the Meeting be adopted us the Articles of Association In substitution for and to the exclusion of all the existing Articles thereof.' Copies of the Memorandum of Associatloi as it will be affected by the proposed Kesolution and of the proposed new Articles of Association which will be submitted to the Meeting exhibited in « form in which they can be readily compared with Ihe existing Articles are availabls for inspection by any policy-holder or by his properly nuthorised representative at the Registered Office and at each of the Principal Offices, Branch Offices, District Offices, and Principal Agencies of the Association. Any member may vote by proxy and forms of proxy are obtainable at the Registered Office and at each of the Principal Offices of the Association. DATED the «lh day of January, 1912. By Order of the Board, J. T. CAMPBELL, . General Manaf«r. TUB FOLLOWING INFORMATION IS FUENISHED TO EXPLAIN THE REASONS FOR HIE PROPOSED ALTERATIONS. The Memorandum of Association was drawn up 72 years ago when the Association was established and has remained unaltered. The present Articles of Association arc those adopted by the members in the year 1883 with minor alterations. During the long period since the Memorandum and Articles were framed many and important changes have occurred in financial and economic conditions, in life assurance practice, and In the laws governing the business of life assurance, and in consequence both Memorandum and Articles are now out of date and urgently require amendment. Restricted by the narrow limits of the original Memorandum and hampered by Articles unsuited to the present circumstances of ' the Association tho Directors and Management experience continual and increasing difficulty in conducting its business to the best advantages of policy-holders. The purposes of the alterations of the Memorandum are mainly to enlarge the scope of the business of the Association so as to enable it to serve its policy-holders and their dependants more completely in connection with their assurances, to enlarge the field of Investment for tho Association's funds, to remove doubts regarding the powers, and to enable the powers to be brought into accord with the requirements of law. The new Articles of Association which it is proposed to substitute for the present Articles follow the original Articles as far as practicable and are designed to facilitate the Internal administration of the Association's affairs by bringing the machinery of administration and management into accord with modern legislation and life assurance practice and the circumstances of the Association's business, The alterations in the Memorandum of Association cannot become effective until confirmed by the Supremo Court of the State of Victoria which has a discretion to confirm the alterations' either wholly or In part and on such terms and conditions as it thinks fit. In exercising this discretion the Court has regard to the rights and Interests of the members, non-participating policy-holders, and creditors. Tho Beard confidently recommends the adoption of the proposed alterations in the interests of all concerned. PETROL RESTRICTIONS. ANY Eastern Suburbs Carrier interested in Back Loading to or from town, please communicate with BROWNLEE, LTD., Timber Merchant, Kilbirnie. Telephone 24-077, 24-087. USINESS Stationery—Good Printing de"serves Good Blocks. The "Evening I'ost" Printing Works can supply both. Tel. 47-222 for your next quotation. OOD Printing deserves • Good Blocks. The "Evening Post" Printing Works can supply both. Tel. 47-222 for your next quotation.