GOVERNMENT LIFE INSURANCE.

Poverty Bay Herald, Volume VI, Issue 614, 31 January 1879, Page 2

GOVERNMENT LIFE INSURANCE.

! Cdnimissioni^Heaphy's ann ual repot on the Ooldfflment Insurance Depart ~w ment states that the amount of new business, notwithstanding the increase of foreign companies, has been greater than m any previous year, and exceeds the whole of the new business obtained by life insurance companies m the 'Oolony nr during*Hiß' "SlHltt' 'pCTlofl. '*' ' TWo ' J " thousand seven hundred and .njnßtyseven proposals- Were' *eiceVed' during the year, for JB97l,6oo^x>t-.whic1u,806..---were declined or not completed, leaving 1991policieB issuedf or '£6Bo,6oo. ,Th© claims during the year, under forty^two - life policies> amourited^td £iß*,2^^)and arose. from the death ,,pf thirtyievfln. > persons. "Jt u» Ratifying' 'to/.faoW, r* Says the repoi't, '"?' that the fate of mortality experienced { s^ilL } .continues very much below that on which the tables ÜBed by the department, are based." The number of policies 1 itftiied since the establishment of the ; di^parii "* ment is 10,813, assuring £3,846,813) , of which 1969 have been diactipMxhht l^ leaving 8844 existing policies assuring * £3,267,213^. The.income. of the^ar, from all sources amounted to ■ ' 16s 2d, and the, accumulated fund now stands at £092 523 2s'4d^l>eln^lin-in-crease of £72,128 18s 4d during the year. The policy holders m tlite* Itfduslriali ' Branch are being transferred as rapidly as possible to the ordinary branch. Two claims for £179 4s have arisen during the year, caused by. the "death of two persons.