RETIREMENT OF MR BRINDLEY.

North Otago Times, 29 May 1908, Page 1

RETIREMENT OF MR BRINDLEY.

* — r _ Per Press Association, Wellington,' Hoy 28. At the end of this month 51 r .). W. Brindley, General Manager oi the StnU Fire Insurance I)e]iarlinont, will retire He told an interviewer that the strain of working tip the business against long odds to its present nourishing condition bad begun to 101 l on bis health, and his doctor had advised him to'-tnko a lengthened rest. Moreover, the manager does not consider that the remuneration for the arduout dtilics is sufficient, 31 r lirindley was originally accountant in the Victoria Insurance Company at Melbourne m 187 J. Two years afterwards he was a branch manager, and seven month* later ho reached the position oi general; mnmiger for Victoria at the age of '23. the youngest superintendent on record. Ho held "that position till I WIS, when be retired voluntarily. He. Thou went, into business in Sydney, but sold out, and took up his present appointment n April, l'JOl. He submits thut liu has built up " n magnificent business'(or the State. The Government's sllaro of the fire insurance done in the colon} is close up to iO per cent, ono of the largest and soundest husine.-M in the colony, and it has been done withdraw edged' tools and against keen opposition." stales, the retiring manager, "For three years, notwithstanding tin low rates, 'l have made the Department, pay. This yenr-an exceptional year for Jires—wo uro in the position of being able to show a margin oi profits, n feat which the private companies consider impossible. Provided there is no extraordinary bad luck towards the. end of the year, wo are making a profit, though we are selling foi£2o what was originally sold for 1%." Mr Brindley was referring to the re duction of 33 I,3rd per cent in tho premiums on dwelling houses.