SEVENTY-FIVE YEARS OF PROGRESS 1873 1948 THE DIRECTORS OP THE COLONIAL MUTUAL LIFE Take Pride in Announcing’ the Salient Features of THE SOCIETY’S ANNUAL REPORT AND BALANCE SHEET | For the Year Ended 31st December, 1947. RECORD NEW BUSINESS NEW SUMS ASSURED IN THE ORDINARY AND INDUSTRIAL DEPARTMENTS TOTALLED OVER THIRTY-TWO MILLION POUNDS, AN INCEASE OF APPROXIMATELY FIVE MILLION FOUNDS OVER 'THE AMOUNT COMPLETED IN THE PREVIOUS YEAR. STRONGLY INVESTED FUNDS. THE SOCIETY’S FUNDS INCREASED BY OVER FOUR MILLION POUNDS TO £-17,755,305. OF WHICH OVER 60 PER CENT IS INVESTED IN GOVERNMENT, MUNICIPAL AND OTHER STOCKS AND DEBENTURES. INTEREST RETURN. NOTWITHSTANDING CURRENT LOW INTEREST RAILS, THE GROSS RATE OF INTEREST EARNED ON THE SOCIETY'S ASSURANCE FUNDS WAS £l/1/10 PER CENT. HOME FINANCE. THE SOCIETY CONTINUED TO TRANSACT A LARGE VOLUME OF HOUSE PURCHASE BUSINESS. UNDER WHICH THE BENEFITS OF HOME FINANCE ON THE MUTUAL PRINCIPLE WERE EXTENDED TO MANY POLICYHOLDERS GENERAL PROGRESS IN ALL RESPECTS THE SOCIETY'S PROGRESS IN 13-17 WAS EMINENTLY SATISFACTORY AND IN KEEPING WITH ITS REPUTATION AS AN OUTSTANDING BRITISH LIFE OFFICE. BONUS RATES MAINTAINED IN ALL DEPARTMENTS. jj For Life Assurance on the Mutual No Shareholders .... h Principle .... A Purely Co-operative Enterprise j THE COLONIAL MUTUAL LIFE ASSURANCE SOCIETY LIMITED REGISTERED IN VICTORIA, 1573. Head Office for New Zealand: C.M.L. CORNER, CUSTOMHOUSE QUAY, WELLINGTON. POULTROL This Double Strength Poultry Oil contains Vitamins A and D, has twice the Vitamin Potency of Cod Liver Oil and therefore only halt the quantity is needed. "POULTROL” WILL GIVE YOU : 1. INCREASED EGG PRODUCTION. 2 GREATER HATCHABILITY AND HEALTHIER CHICKS. 3. INCREASED RESISTANCE TO DISEASE. FEED “POULTROL” DAILY IT PAYS DIVIDENDS FARM PRODUCTS CO-OP (Gisborne) Ltd. Distributors. 125 BRIGHT STREET 'PHONES 2272 ~ 3325 W// mv with the famous ESSE Heater Healthy Heating Day and Plight • Continuous Warmth at « Quickly Installed. Little Cost. ® Refuelling is Quick. © Uses Broken Coke, or any ® Refuelling is Simple. Combustible Refuse. © Refuelling is Clean. AT GISBORNE SHEEPFARMERS F.M. & M. Co., Ltd. cAMm^s WANrg®/ hr/.* 6 \ CftSH ,or oW _ onC , h mi an ; lsV ,. s „4c.^ wn ’ , r ICO OAIC ZEALAND LTD* 292 Lambton Quay and 16 Victoria Street, Wellington 68! Colombo Street, Christchurch. i 62 Queen Street, Auckland. 162 Princes Street, Dunedin. ALL PHOTOGRAPHIC SUPPLIES OBTAINABLE FROM H. B. TYEMMAN Chemist and Pliotograpliic Specialist __ Regent Bldgs.
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Bibliographic details
Gisborne Herald, Volume LXXV, Issue 22663, 14 June 1948, Page 7
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379Page 7 Advertisements Column 1 Gisborne Herald, Volume LXXV, Issue 22663, 14 June 1948, Page 7
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