NATIONAL MUTUAL
INCREASED BUSINESS. (Press Association.—By Telegraph. Wellington, Last Night. Mr Orton Stevens, the manager of the National Mutual Life Assurance, has received the following cable from Melbourne: —
The forty-third annual meeting was held to-day and members are to be congratulated on the splendid results for the year, which is a record one for the Association. The new busi»ess amounts to £3,593,000, which is an increase of £105,000 over last year's total. The premiums amounted to £954,000, showing an increase of £58,000. The interest received was £329,000. The rate of interest earned was higher than last year's, notwithstanding the large amount of new business.
The expenses of management are lower than in any previous year. The total funds now stand at £7,291,000.
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Manawatu Times, Volume LXV, Issue 1802, 19 December 1912, Page 5
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122NATIONAL MUTUAL Manawatu Times, Volume LXV, Issue 1802, 19 December 1912, Page 5
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