COMMERCIAL.

Oamaru Mail, Volume XXXVIV, Issue 10333, 21 December 1909, Page 6

COMMERCIAL.

LIFE INSURANCE

[By Electric Telegraph—Copyright.]

(Per Press Association.)

Received December 21, at 1.15 a.m. Melbourne, December ,20. At the annual meeting of the National Mutual Life Association the chairman, in moving the adoption Alt the report and balance-sheet, congratulated th-2 men. bers on the progress made. The new business, including a special transaction' with the Australian Alluuice Assurance Company, exceeded three millions, the.ircome for the' year constituting a record, viz;, The expenses v. ere'£sl9s' less than last" t ..ypar. The .interest earned was £4 14s 3d per cent, against £4 13s 3d in the preceding year. The addition to the funds will be £612,876. The total funds are nearly six millions. The report .was.-.adopted, and the retiring directors re-elected.

CANTERB UIIT FROZEN MEAT

(Per Press Association.) Christclnirclij Depember 20. In moving the adoption of the annual report at the meeting of the Canterbury Frozen.; Company 'the Chairman (Sir George Clifford) congratulated the shareholders upon the moderate success disclosed, 'particularly -as-tiie year had been an anxious and difficult- one to all who had interests ft: conserve in any branch of the frozen meat trade. They must expect an increasing advance in expenses owing to the effects of awards -oi the- Court upon the-Scale of wages'and ; hours of labor. Some of these awards had been of dubious- advantage "to the werliersj"'"inasmuch as they had greeted attention tax labor-saving; appliances' , which would otherwise probably have escaped observation,, c£ r wliicty -perhaps, there would have; .Witli inspect to, of depression m„'the| Value ro£. our meat ,-in :tlie British markets; 'it"seerned to Kim with the channels 'of communication between the'producer. and the consumer ,\youid not touqb deep-seated cases J \v£icli, : iSf : jeinediable at " all, would Supply "their own 'correction. They JjauiicL by pastoral and conditions _io ■send; the : meat they" .grew Tnust . learn, ,t.o < adopt varying changes -as- iiiey caine. '' - He' thought that the storage -of v large; : stocks at" the freezing "•*> depress to the . tone of .the 3iaxi,i airways -urged:. oK; fkerf the:- advisability. ; /of I pooiing' -their*- carcases. Th&' the^Vfetading.; admitted .oL jliTs' witn any risk, and gaVe'lpwners'"o'f small lots; an advantage w;liciiier, in-,salgs.. at per pound in their world's ' bn the . shipments.' The report-' 1 ' was; "adopted. Messrs,. Cf; Humphreys; ;and . fi. H. Rhodes were re-elected . directors.