Life Assurance Office Amalgamation.
(Per Press Association.)
Melbourne, November 25, Meetings of members of the National Mutual Life Association of Australia and Mutual Assurance Society of Victoria are called for December llth to consider the adoption of a scheme of,, amalgamation drawn up by a joint committee consisting of the officers of both societies. The scheme has been under consideration for several months and a report has been recommended for adoption by the directors of both societies. The object of amalgamation is consolidation and extension of the dual business, the saving in expenses of management, and a more complete organisation of office staffs. The agreement proposes to transfer the business assets and liabilities of the Mutual to the National as the older and larger society. .Under the amalgamation scheme, it is now proposed, to gradually reduce the number of Directors to seven, and dispense with a number of employees. This i» the first amalgamation of the kind ever attemptod in the colonies.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/THS18961126.2.12
Bibliographic details
Thames Star, Volume XXVIII, Issue 8520, 26 November 1896, Page 2
Word Count
162Life Assurance Office Amalgamation. Thames Star, Volume XXVIII, Issue 8520, 26 November 1896, Page 2
Using This Item
No known copyright (New Zealand)
To the best of the National Library of New Zealand’s knowledge, under New Zealand law, there is no copyright in this item in New Zealand.
You can copy this item, share it, and post it on a blog or website. It can be modified, remixed and built upon. It can be used commercially. If reproducing this item, it is helpful to include the source.
For further information please refer to the Copyright guide.