NATIONAL MUTUAL LIFE
THE ANNUAL REPORT. By Telegraph—Press Association—CopyrlgU MELBOURNE, December 18. At the annual mooting of the National Mutual Life Association the report, which was adopted, showed, that new business totalled £3,647,000, yielding an annual income of £132,000, which was a record, and obtained at a lower cost than over before. Tho year’s total income was £1,395,000,which is £IOI,OOO above that of the previous year. Tho expenditure totalled £685,000, which is below that of the previous year. The reduction was largely due to the favourable mortality amongst members. The funds no3S__exceed £8,709,000, tho rate of interest being £4 15s lid per cent. Since 1903 the funds and income had doubled while the ratio of expenses to premiums was reduced hy more than thirty per cent. Tho result of the triennial investigation will he known early in the New, Year. Substantial additions to poll* cies are expected. The retiring directors wei © re-elect* ©d.
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Bibliographic details
New Zealand Times, Volume XXXVII, Issue 8608, 19 December 1913, Page 8
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153NATIONAL MUTUAL LIFE New Zealand Times, Volume XXXVII, Issue 8608, 19 December 1913, Page 8
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