CORRESPONDENCE.

Hawke's Bay Herald, Volume XXI, Issue 5417, 25 June 1879, Page 3

CORRESPONDENCE.

Thai Editor does not bold .himself respougiblo for : | opinions expressed by correspondents ! LIFE ASSURANCE. Sza.-ntyfr laitt in his'.'rejil^Kaß'not speoifioaly met' th'e J , question" raised Mt x my letter,, , r ,-(..j^> =■ ■ ,, v j In his "advertisgme^.'itTiaSdf&tinctly that ' < >^'Me l m^itufi j o^:a6ing [ baa[n^a&) inf Ifewi Zealand iqan^giye an assurance as cheap as,:; the j^LUsf^lian Muiual-Pittvidisnt! iSbcietyi J'.v ; :-t^9F a^i W»n feuritnce of £500 lon life pf ,ar person - [ tli6 Government charge is £lO\'4^ 2d [ the.Mutual's charge ia £12 Os 10d, or , £ Ba^ef,aHnW'ih^avor' of thefcGfbver irfi;etojrb'ffi6ei "BHioWinfg 1 ' conclusively that .. jfche a3vertiaement J iß'n'6 ; i; >l c6rrecfe. ". <.'j Mr Isitij^agpears tp^hftye, assumed that the) GoYerngaerij; x^ab}e" n dp^ \ \ ;hofc' ; |cOTry; boi^us, but it does^ and the intrbductibn lof the "withputj-pEofitEfeV^is;improper,.be-cause a table that yields a bonus, " >n<i bneJthat.i dbesijnptayiel^iai.bonu^ ' differ 2«oj^'materially Mfti.rfAofc to. ; .ad r . raifc 1 of comparison.' i i-SDow demonafcratq which is the cheaper it will be necessary to define clearly the meaning attached to the word,. "cheap" in that advertisement, and this Mr laitt ought to do j I demur quite to the introduction of the elemenj; ,, f "bonuß" as regards the persons fipjiratainiig, what' their jbpius will amourit' to % ] alike unknown and unknowable, and therefore ought not to be the basis of any calculation. Will Mi| laitt give a tangible reason for the i' 'expectktio'h&thaVa policy taken pujb.tq-, day for £jSOO will in 20 years probably be wotth" £1000 AIZ If -it Bel witKintheiregion. ' '- of prdtiability the reasons 'should be made , apparent:-' '-Mi*lsittin. effect says that a person who in five years pay 3 £60 4s 2d in jpreimiums -will then be entitled to draw £19 l?s'9d as his share:ofi the profits; I ,wiil be- glad if he will indicate any rule or bye-law of the inatitution thatiauthoriaes" ?ufeK' a statement v f The two; essential ' elements in life assurance are maximum ,of I security. 'iwith )the leapt: coat to the assured. I feel ; certain thati^p,,, life ihsti-" tuiion can give these elements in such a high degree as the Government office. i J. Gkubb.