A PROPOSED AMALGAMATION.
MELBOTJENE, Nov. 2b. Meetings of members. of the National Mutual Life Association of Australasia and the Mutual Assurance Society of Victoria have been called for Dec. 11 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 the report has been recommended for adoption by the Directors of both Societies. The object of the amalgamation is the consolidation and extension of the dual business, 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 proposed to gradually reduce the number of directors to, seven, and dispense with a number of employes. This is the first amalgamation of the kind ever attempted in the colonies.
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Bibliographic details
Star (Christchurch), Issue 5731, 26 November 1896, Page 3
Word Count
160A PROPOSED AMALGAMATION. Star (Christchurch), Issue 5731, 26 November 1896, Page 3
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