MUTUAL LIFE AND CITIZENS’.

Wanganui Herald, Volume XXXXV, Issue 13035, 31 March 1910, Page 5

MUTUAL LIFE AND CITIZENS’.

The annual report presented .atiithe' ffiji uual gen eral meeting of -the Maifal lifl and Citizens* Assurance Company, hsld "<■ bydney an. the 10th March, was of « high! ly satisfactory character. II The accumulated finds at 31st;.Deoa* ber, ISKO. amounted to £4,825.945'1ie 13® an increase during the year of £376,4® : 9s Id, of which sum £16,781 7* 7d is dpi j to the payment of capital in advance <S calls. Ihe a verage rate of interest eaxntS by the ordinary branch funds was .£4 31 -d jj?er cert., and by the industrial ibrarsS funds £4 4s 6d per cent. |j In the ordinary branch the number JS ! policies was 31,382, assuring the of £2,UU9,,460 Bs, and producing a annual premium income of £70,4:25 2* id an increase lor the rear ia new sum* aiM sured of £131,165 18*. | . company commerced bnnneJ m 188, the sum of £].£6t > 3Bs 7s lid hal Wn pard to polky-hddcrs or their h«3 ncianes. , j| I'hc number of policies granted dwwtej :“L lhc Industrial branch and the number in force at the of the year 13,0JL Ihe number of tel policies under which claims were paid waJ In hi« report the artuarv (Mr ’k d! - u er) stated that as further gvideade «| “T\r i re » m « enjoyed by thJ AI.L.A policies consequent .on th amalgatmatioß. jt should be noted thaj the surplus for the year 19(0 i* over m per cent, greater than that earned b i» year prior to the amalgamation. *' J