THE COLONIAL MUTUAL.

Rangitikei Advocate and Manawatu Argus, Volume XXXVI, Issue 10405, 19 July 1912, Page 3

THE COLONIAL MUTUAL.

j| Per Preas Association. |] Wellington, July Is. | With reference to yesterday's ■ v, «‘'iv'fj,-* .particulars o t questions *ho of Commons la ”g«« fa the dolon.':* M »*»l W'« Assurance, the Society Seoserarflfof New Zealand, Mr J. D. Leslie, states that the Colonial Mutual has sever yet failed to keep its engagements, Such a suggestion, be says, is rldionlous, in face of tne figures disclosed is the last annual report; for 1911- The report 'or the actuary, Mr James f;Pallar, P.F. A., certifies the ;total nett liability to be £3,208,051. and the amount of the Life Assnranoe-d’umJ at the close of the year to be £3,357,783, thna disclosing a surplus of assets over liabilities “of J£149,731. “Mr Leslie further states that the affairs are in a r?ost prosperous condition, and in proof of that the volume of the business transacted last year was very considerably greater than 'that of any previous year in the Society’s history. The amount added to the accumulated fund during the year was £138,961. The Society has never lent money to its.local directors in New Zealand, * nor has the New Zealand branch any knowledge of snob a course having been adopted by the Society, anywhere.