CORRESPONDENCE.

New Zealand Times, Volume XLIV, Issue 7490, 30 May 1885, Page 3

CORRESPONDENCE.

N,Z. INSURANCE ASSOCIATION. TO EDITOR Q? TRB NEW ZEALAND TII|ES, Str,—/your Issue of to-day coQtains an authoritative correction to the effect that the figures used by Sir Julius Vcgel as representing the amount of the accrued funds of the Association invested in Government securities were £IBO,OOO. Please allow me to say that the amount is, as I stated it, £658,100, and not £483,000, as Sir Julius Yogel states |t, advances aye as follow, as per return furnished tq be qy the officers of the Board:— Treasury debentures, bearing 5 per cent, interest £98,600 Pour and a half per cent, debentures 359,500 Deficiency bills, 5 per cent. ... 100,000 Do. .do.. ... 100,000 ! £658,100 I should not have noticed the matter-at all but for Sir Julius Vogel's very polite -remark that V Hr IJißbdr tfottld excuse h|m for saying that |he knew nothing about the business of such an Association.” —I am, &c., ‘ Geolgb Fisher May 29,1835, TO fHB EDITOR O? THE NEW ZEALAND TIMES Sfß,—l was delighted to see from the -report of the Government Life Assqranoe Association that the policyholders assembled in Wellington seem to have thoroughly approved of tho idea that tho Association should be controlled by policyholders alone, - I have been thinking how that will work out. Tho policyholders are, to have the control I Where do the majority reside ? Otago baa by far the oreatsas number pf dlsfrlgt, Suppose *tfce “policybolters there combine with ' those of panterbury, and say ; we want the head office in Qbristphqroh. Would the Wglllogton policyholders agree X If they did not,’ and were in a minority, what then t The way the Association has bpen abased by some of the Wellington Pres?, and the allegations made that it is subject to political poptrol, furnish a strong argument for having the bead office |u Christchurch. Ineteftf of putting the vote fop local IJoards to

tbe policyholder 4, I think this is tbe question that would be a-ked : Should tbe head office not be shifted ? Tbi* would prevent the cry for local Boards, for the bead office being nearest the greatest number of policyholders there would be no need local Boards In the South, and the Wellington policyholders would not be so selfish as to ask for a local Board here.—l am, Ac, POLICYHOLD. R. Wellington, 28th May, 1835.

(For continuation of news sed fourth page,i