LIFE ASSURANCE
PROFITS OF THE CITIZENS’ COMPANY. (Received March 25, 10.4 p.m.) SYDNEY, March 25. The annual meeting of the Citizens’ Life Assurance Company, Limited, was held to-day. The report shows that the new business for the year amounted to £1,052,000, while £114,000 was added to the funds.
The expenses rate of the ordinary and industrial branches was reduced to 35.6 per cent., and the rate of interest earned increased to almost 4 per cent. A bonus of £2 per cent, was declared on all policies of over five years’ duration, and £1 10s on other profit policies.
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Bibliographic details
New Zealand Times, Volume LXXI, Issue 4315, 26 March 1901, Page 5
Word Count
98LIFE ASSURANCE New Zealand Times, Volume LXXI, Issue 4315, 26 March 1901, Page 5
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