GREAT INSURANCE FUND
£2,000,000 AIMED AT. United Press Assn—By Electric Telegraph—Copyright. SYDNEY' March 20. At the Rotary Conference. Mr Charles Rhodes. New Zealand, emphasised the rapid development and, expansion of Rotary and the consequent need for finance. Rotary was now established in 62 ocuntric and an endowment fund, was lie said, a necessity. They had. a s their object £2.000,000, which would yield £IOO,000 a year. There was a proposal for a protective insurance scheme. He believed many Rotarians would endorse such a fund and that in ten or 12 years. the gaol would be a through life insurance on endowment plan, whereby the club took out a. policy on each member's life and paid the premium until Ins death, or its maturity. At the conclusion of the conference, the national flags dlf Japan and America were presented to the chairman (Mr A. C. C. Holtz) ol' Melbouri is. l . A luncheon was givon to th(e overseas delegates !by the Sydney Chamber of Commerce. The principal speaker was Sir Henry jßraddon and, others included Mr Rhodes and the .Japanese delegates.
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Bibliographic details
Pahiatua Herald, Volume XXXVIII, Issue 11402, 22 March 1930, Page 2
Word Count
180GREAT INSURANCE FUND Pahiatua Herald, Volume XXXVIII, Issue 11402, 22 March 1930, Page 2
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