THE NATIONAL MUTUAL
Mr. F. W. Nicholson, manager for New Zealand 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—l6,Bso new polcies having been issued for £8,234,713 —an increase ol £570,803 over the previous year's total. The total income for the year was £4 378,798—an increase of £298,171. The very large amount ot £2,123,697 was added to the Assurance fund which now stands at the large sum of £26,706,153. The amount payable to policy-holders or their representatives during the year was £1,882,250. The rate of interest earned on the mean funds was £5 10/9. The rate of expenses continues to decrease. Members may expect to receive their bonus certificates on or before the Ist March, 1928.”
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Hawke's Bay Tribune, Volume XVIII, Issue 21, 6 January 1928, Page 5
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151THE NATIONAL MUTUAL Hawke's Bay Tribune, Volume XVIII, Issue 21, 6 January 1928, Page 5
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