H—B

I recommend that £230,089 of the above net surplus be divided amongst ail participating policies in the form of compound reversionary bonus on the sums assured and bonuses existing at the valuation date, at the undermentioned rates for each full year's premium paid during the year, and that the balance of the net surplus —viz., £11,403 —be carried forward : Policies issued under present premium tables— p er cent. Whole-life assurances and endowment assurances matur- £ s. d. ing at ages eighty and over .. .. ..140 Other endowment assurances .. .. ..100 Pure and double endowment assurances .. .. 017 0 Policies issued under closed premium tables .. ..100 S. Beckingsale, F.1.A., Actuary. The Government Insurance Commissioner, Wellington.

Approximate Cost of Paper.—Preparation, not given; printing (1,123 copies), £35 10s.

By Authority: E. Y. Paul, Government Printer, Wellington.—1948.

Price 6d.~\

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