NATIONAL MUTOAL LIFE ASSN.
i . ■ (Special Correspondent.) ' \ - WMjILINGTON, Jan. 7. Mr F. W.- .Nipholson (New Zealand manager, for' tlio ."Nmtionail Mutual Life Association) has received the following caWegram. fAinn the head oflice,- Mellioarne : — "The forty -seventh • annual meeting was- heid at Melbourne yesterday. .-.■,.■ The chairman, : in .moving the adoption of the.annual r*jx>rt, congrWtulated: members on. the i- increased business and the continued general prosperity of "the; association* - -Tji,e -new Jbiteinesswfts ■very satisfactory,"" and the number of lapses very. fe>v, thu3 showing the confidence the public had in the' aojklity of the association. The new business writteu imMhe" year am'd'uiUed tp_ J53,235 ? 0D0, being ;an increase of £1(77,06Q over lasb -;yeai-. During the ■"' year •the -sum'* of ■thrpe-quai'ters of «- million ..has -been savied >and ivdded to .M\& funda,.' wllioh nm\r aimoim* to over 'The ■fcati 'of. interest has been well maintained, an average of neady. 5 per £ent. heing received for ' all .money invested*, and. ifc, is giratifyiaig t# kno\y that : r the ex- ' jVen.ses'df/inanagement have \been considerably reduced. . The ra.tlo. of expenses to -itlie .total income is now 10.37. The death claims are larger than the previous 'year owing ■■ enjth'ely to war 1 casualties:" , : • . :
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Bibliographic details
Poverty Bay Herald, Volume XLIV, Issue 14192, 9 January 1917, Page 5
Word Count
194NATIONAL MUTOAL LIFE ASSN. Poverty Bay Herald, Volume XLIV, Issue 14192, 9 January 1917, Page 5
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