MUTUAL LIFE ASSOCIATION.
[Pkb Pbess Association.] WELLINGTON; December 23. Mr Orton Stevens, the New Zealand resident Becretaay of th© National Mutual Life Assurance Association, has received the following cable advice from Melbourne: — The thirty-fourth annual meeting was iheld yesterday, when the annual report and balance-sheet were adopted. The chairman congratulated the members on the splendid business done during the year. Eight thousand one hundred and seventyfive policies were issued t assuring £2,236,000, yielding an annual revenue of £74,000. The amount df new policies shows an increase of over £500,000 on the previous year. The income for the year was £630.000, and the. total funds now amount to £3,674,000. A higWy gratifying feature is the rate of interest, ■which averages £4 16s 2d>per cent, whilst the ratio of expenses of management is lower than it was last- year, notwithstanding the increased volume of new business.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/TS19031223.2.42
Bibliographic details
Star (Christchurch), Issue 7892, 23 December 1903, Page 3
Word Count
144MUTUAL LIFE ASSOCIATION. Star (Christchurch), Issue 7892, 23 December 1903, Page 3
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.