GOVERNMENT INSURANCE DEPARTMENT.
THE TRIENNIAL VALUATION.
Wellington, April 30.
The triennial valuation of the Government Life Insurance department has been made, this time locally upon principles laid down by the English actuaries. It has only taken four months to complete. The ineurauce fund aS the end of 1893, after adding £18,000 to the fluctuation fund, amounted to £2,128,590, and the net liability to £1,938,590, leaving a surplus of £190,000. Of this, £140,000 will be divided in bonuses and £50,000 placed to the reserve. Tho expense rate has fallen during the last tbree years, and the new business was greater during 1893 than for some years, the amount being a little over £740,000. The net increase of new business over discontinuances shows a marked advance upon 1892. The ratio of expenses of management shows a decrease of £ per cent.
TheWaimate ghost (says the North Otago Time?) was a wallaby which got loose, and which scampered about at night frightening the people into the belief that •• Old. Scratch " waa on a special visit to the plaoe,
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Bibliographic details
Otago Witness, Issue 2097, 3 May 1894, Page 33
Word Count
174GOVERNMENT INSURANCE DEPARTMENT. Otago Witness, Issue 2097, 3 May 1894, Page 33
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