National Mutual.
The thirty-fourth annual meeting of the National Mutual Life Association was held on the 23rd ultimo at Melbourne, when the annual report and bal-ance-sheet were adopted. The chairman congratulated the members on the splendid business done during the year. 8175 policies were issued, assuring £2,236,000, and yielding an annual revenue of £74,000. The amount of new policies shows an increase of over £500.000 on the previous year. The income for the yen J was .£630,000. The total funds now amount to £3.674,000. A highly gratifying feat uro is the rate of interest, which averages £ 4 16/2 per cent., whilst the ratio of expenses of management is lower than last year, notwithstanding the increased volume of new business.
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https://paperspast.natlib.govt.nz/periodicals/NZGRAP19040109.2.34
Bibliographic details
New Zealand Graphic, Volume XXXII, Issue II, 9 January 1904, Page 22
Word Count
119National Mutual. New Zealand Graphic, Volume XXXII, Issue II, 9 January 1904, Page 22
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Acknowledgements
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