REPUDIATION OF STATEMENT
MADE TN THE HOUSE OF REPRESENTATIVES. THE T. & G. MUTUAL LIFE ASSURANCE SOCIETY. LIMITED in rcferenc'e 1o a statement made recently in the House to the effect that the Society was. amongst others, a company with shareholders, wishes to announce that as its name indicates, the Society is purely mutual,, the whole of the surplus being divisible amongst policyholders in the Ordinary and Industrial Departments who constitute the members of the So T Ciety. The Australian Temperance and General Mutual Life Assurance Society Limited (Incorporated in Victoria, 1876) is. registered under Part 3 of the Companies Act of Victoria as a Company Limited by guarantee, the liability of the members to contribute io the assets of the Society on a winding up being limited to £1 each. This explains the inclusion in the name of the word “Limited.” ■ As indicated above THERE ARE NO SHARES OR SHAREHOLDERS, and the whole of the assets and surpluses belong to the members. — P.B.A. .
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/GEST19460810.2.10
Bibliographic details
Greymouth Evening Star, 10 August 1946, Page 2
Word Count
163REPUDIATION OF STATEMENT Greymouth Evening Star, 10 August 1946, Page 2
Using This Item
The Greymouth Evening Star Co Ltd is the copyright owner for the Greymouth Evening Star. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of the Greymouth Evening Star Co Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in