THE NATIONAL MUTUAL LIFE.

Wanganui Herald, Volume XXXX, Issue 12053, 21 December 1906, Page 4

THE NATIONAL MUTUAL LIFE.

Press Association.— Telegraph.— Copyright. Received December 20, 10.54 p.m. WELLINGTON, December 20. The following cable has been received by Mr. Orton Stevens, manager of the New Zealand branch of the National Mutual Life: — The 37th annual meeting of the Association was held to-day. The new business for the year amounted to ,£2,850.789, an increase -of £'235,000 over last year's business. Tlfe annual income now amounts to £823,^88, and the interest earned is 4| per cent. The total lunds now stand at £078,000, being an increase on last year 0f. ,£283,000. MELBOURNE; December 20. At the annual meeting of the National Mutual Life Associat-" >n, the chairman btated that the pa&fc year constituted a record for new busir. fs, f annual income, and additions to fu * . ;. The increased business was mainly m Australia and New Zealand, and had be n obtained a* a less ratio of cost to ro?' ' than in any previous year. The rrror was adopted. The retiring directors '<.• c ' re-elected.