COMMERCIAL
THE NATIONAL MUTUAL
Mr. F. W. Nicholson, Manager for New Zealanod of the National Mutual Life Association of Australasia, Ltd., has received the following cable message from . the head office in Melbourne. “The fifty-eighth annual > general meeting of members was held on* the 21st, December 1927.
“The new business for the year was very satisfactory, 16,850 ' new 'olicies having been issued for £B,-234,-713, an increase of £570,803 over the previous year’s total.-
“The total income for the year was £4,378,789, an increase of £298,171. “The very large amount of £2,123,697 was added to the Assurance fund which nowl stands at the large sum of £20,700,153. The amount payable to the policy-ho’lders or their representatives during the year was £1,882,250; , “The rate of interest earned 1 on the mean funds was £5 10s 9d. The ratio of expenses continues to decrease. Members may expect to receive their bonus certificates, on or before the Ist, March, 1928.”
Permanent link to this item
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Bibliographic details
Gisborne Times, Volume LXVII, Issue 10475, 4 January 1928, Page 2
Word Count
156COMMERCIAL Gisborne Times, Volume LXVII, Issue 10475, 4 January 1928, Page 2
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