T.& G. SOCIETY.

Wairarapa Age, 14 December 1935, Page 5

T.& G. SOCIETY.

PROSPEROUS INSTITUTION. ANNUAL MEETING. MELBOURNE, December 13. The fifty-ninth annual meeting, of the T. and G. Life Assurance Society was held to-day.. The chairman, Mr, J. T. Thompson, announced ihat the new business comprised 169,695 policies, assuring £13,790J02, an increase of £973,588 over the previous year’s figures. These completions constitute a record in the history of the society. The Accident Dejartnient 'issued 28,278 policies, assuring- £7,825,162, more than double the amount of new business completed in the previous year, and in addition 9,757 policies in the Ordinary Department were endorsed with accident benefits.' The total income amounted to £4,567,932. Of the total , assets £23,170,366, 65j per cent, was invested in Government, municipal and other public body securities. The Office Premises Account had been written down by £25,000 and £25,000 had been! transferred to the Contingency Fund, increasing the. amount of that fund to £562,074. The Actuarial Report disclosed a surplus of £754,375, providing reversionary bonuses and other benefits bn the same liberal scale as last year. The chairman said that, in h'is opinion, there were unmistakable signs of a steady improvement in business conditions and that he was confident, therefore, that the society’s business would continue to expand. In conclusion he expressed the board’s dfiep appreciation of the capable and loyal service of the field and indoor staffs.