GOVERNMENT INSURANCE.

Hawke's Bay Herald, Volume XXII, Issue 7633, 5 January 1887, Page 2

GOVERNMENT INSURANCE.

Auckland, Tuesday. A cable message sent by the AgentGeneral at London to the. lnsurance De- JQ partment a few week's since in referenceto the profits (for the five years' ending 1885), found by the English actuaries to be available for distribution among policyholders having stated that there would bo no bonus for holders in the temperance section (started. in July, 1882),andaG ! «zcMe notice having just beon published allowing of the transferring by abstainers of' policies held in the general section prior to the opening of the temperance branch, into the latter branch, provided the transferrence was completed before the 31st of this month, the- following corresnondence !>y wire between the Auckland districtagent of the department and the Hon. the Colonial Treasurer, has been forwarded for. the information of the policy-holders concerned : — ■ . ,

"Auckland, 30th December. To Hon. Colonial Treasurer, , Waiwera. Policyholders are very , dissatisfied regarding the lionns and' transferring from the general section, the. time' allowed for the latter been too short. . Can anything he done to partly meet their views? — WM, J. Speight, District , Agent Government Insurance "

" Waiwcra, 30th December. To J. Speight, Esq., Aucklanil. As regards ' time for transferring let. me know what temperance policy-holders would like and I will try to do what I can to moot their views. As regards bonus, a provision should have been made when the branch was started to meet the difficulty which. , lias occurred, and which due consideration '"' - should have shown was probable. Prac- • tically the branch was so started as to make its members participate in a distinct fund, the longest policy in which is only three and a half years old. When .rewired the Agent-General I did not know how the ease stood, as the nature of the contribution of the temperance branch, which occurred when I was absent, had not come under my notice. Ido not see what is to be done now, as to give a bonus to the temperance holders would be to take from the others what they have earned- ' I will, however, look into the matter thoroughly when I return to Wellington. The temperance brancli will probably be much better off at the next division", as the benelits will gradually • come in of their alleged superior longevity. —Julius Yogel."

" Waiwera, 30th December, 18S7. To W. J. Speight, Auckland. I ani willing to agree to prolong the period of the „-- transference to the 30th of June, if you think that satisfactory.— Julius Vogel.'-' " Waiwera, 3rd January, 18S7. ToW, J. Speight, Esq, Auckland. The time for temperance policy-holders coni- . ing in will be extended to the 30th of June, meanwhile it might be wise of them to postpone coming in for two or three months, while the whole subject of their position is taken into consideration. —Julius Yogel."