TEA COMPANIES PENSION FUND.
j Conjpulscrily WoKsd Up. i . (Received O.s a.m.) LQXDON, February 8. Fhe Nelson Company of tea dealers . aao Deen eompuUorily wound up a* commitments und?r its widows' pension .-.yaerue wbuid have required a reservt • --na ot fourteen million. I [The XeLsun Tea Dealers' Comoam I Drought iuelf under public notice sev |*r«u year, ago by a daring scheme fo; pushing the sale c f its tea-*. They pro j:ui.«etl to regular purchasers of their tea, annuities and insurances, in sums according to i.he number of coupons i presented. The impression on the public was for a time that the scheme wis an .advertising dodge, but the sales were jpushcu ahead by energetic canvassing ;and a number of insurances were paid j establishing the bona fides of the firm' lue tea wa= known widely as "Pensions J lea, and naturally had a considerable vogue. Apparently ;here has been --mc kind cf actuarial error, for thf iraount required to keep the insurances ma pensions going is enormous.]
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Auckland Star, Volume XXXVI, Issue 34, 9 February 1905, Page 5
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169TEA COMPANIES PENSION FUND. Auckland Star, Volume XXXVI, Issue 34, 9 February 1905, Page 5
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