MUTUAL LIFE ASSOCIATION OF AUSTRALASIA. '

Otago Witness, Issue 2511, 30 April 1902, Page 33

MUTUAL LIFE ASSOCIATION OF AUSTRALASIA. '

The Mutual Life Association of Australasia it to be congratulated on the excellent results attendant on last year's operations. Proposals , amounting to nearly one million pounds were received, being an increase of £154,857 over the preceding year. The new premiums, which j show the true progress of an office, were nearly more than in 1900. amounting to *43,270, j "while the renewa. prem.ums are over 1G per cent, greater than they wem five years ago, ' being nearly £"9000 mm? than in 1900, and ' amounting to £159.117. That the not very easy task ol keeping all revenue closely and D'oHl abK' invested has been well achieved is pro\(-d hy the fact that the interest Tew Used 13 at almost exactly the stop rate as in 1800, being £i 10s 9d uer cent ard that the arcou-it outstanding at the clo=e of accounts is less than \ £400, ii bmgularly small sum, when funds of ovei one million su.d a-h^.lf sterling are con- j cerned. Chi'ms by death are just pbout the . same ns in th« prpvions year, and are ron«ielo!ably less than the expectation. The new policies, combining life a=-urance with acci- j e n .ent benefits, have beci' the means of bring- | ]n» this association prominently before the oubhc, and no dovibt Ki-i something to do with j the excellent bulanc° sheet which we publish | < lsx-whsre 111 an abridged form. The Otp^o branch is under th" management of Mr P E. Brittain, who informs us that the new bus.nes", don° 111 Otapo last year was exactly 100 per cent, greater than .11 the previous year, "which constitutes a record. \