Insurance Company Accumulations

Poverty Bay Herald, Volume XXVI, Issue 8413, 12 January 1899, Page 4

Insurance Company Accumulations-

It is ilifliciill to imagine anything less rcmmntic than the statistics (if insurance. Yol Mr A. (i. Mackcii/.ir, in the liankets' .Muga/im-, is able to kindle » soul beneath the libs of the .n-iu.iri.il skeleton. He .-howa (s.ijs the D.iilj News) that- the accumulated funds in the hands of life iiiMinuii-e companies are to something like alarnnnt.' dimensions. The imesti-d asset- <jt English ollices have doubled in twenty-six ycais, and now 1 .iiiuiiini to nu If!- than i'U niillions '.Utliiij;. As ilii> i ate nf |iid^re-b (hcv will it-.ii'li JllO milliiiiis m li)-.'l, ,unl a tlum-anil inillidtis in another ijuaitei- of a (■(ntuiv. llavin;; exhausted other fields of nnestment, i!ie ollii't-^ have turned to tin 1 Stork l'\rh.w»e and the ordinary <torks of the d,\y. The*c they almost threaten to s\\.uii]>. .Vhc.idy (ho voni|',ime- au- in\r-lini;on tin- Slock Kxchaimo .it tin' i. ne of MiUHiO on every lnisine.=s d,iv ot the \i\u- : and, a-, things ate yoins;, tin- will lie r,u-ed liy 111 IU to a million for every week in I lie year. "The funds, of the io-niunit-1 would then exceed by fill per rent the National llel.t. while iheir li-vennos may lii-ar a -ni'.ilar relation to the national income." As Mr Maeken/.ie point- ( ,ut, til.' flint of all this iveaith -I'lUint; mvislnient i< to depict the late ol nitei c»l and to rai-c the price of st'cui'ilie- The j.ioir— i- e\ en i»«\i- in full operation. J''orUitiately the olliirs, unlike Amiiieau "liu-t.-" and .-yniFrati!.-, ; U e aclnij.' on Luiialf, not ot a (l\\ iiidiMdualt, 'tut of the laim' clas- of their in-med tin nl.-. In tins May they imi^t be hehl to v, oik low ,ll d.i lienelireni ends.