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S lßi _ln reading “ Vox’s ” letter in last night’s Stab, I was glad to see that he drew the attention of the policy holders in Dunedin to the tremendous responsibility placed on the shoulders of a few directors in the above society, and suggesting that the number should be increased.

I quite concur with “ Vox ” for an increase of directors, provided they are gentlemen who thoroughly understand life insurance business; but let them be divided into committees —viz., n committee on finance, a committee on mortgage and real estate, a committee on expenditure (without whose authority no money is disbursed and no expenses are incurred), a committee to regulate the taking and carrying of risks, an agency committee, a committee on account, and, above all, Government supervision. I see that since 1885 the new business of the society has been steadily decreasing. In 1888 it was nearly L 1,000,000 less than in 1885. This decrease in new business is a most deplorable thing, and can only be rectified, in my opinion, by an increase of directors, as suggested by “ Vox.”— l am, etc,, Policy-holder. Dunedin, May 31.

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Bibliographic details

A.M.P. SOCIETY., Issue 7922, 1 June 1889

Word Count

A.M.P. SOCIETY. Issue 7922, 1 June 1889

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