COLONIAL MUTUAL LIFE SOCIETY.
MELBOURNE, May 23. At the ,annuul meeting of tue Colouiai .Mutual Lue society, the report ami baiance-sneet wero adopted. The chairman said mc report issued some tiiuo ago giving tho result of the enquiry into cue oucioiy s posiuon, t.v;u» a conclusive reply to cue averments or a lew tormer employees, 'ltiese averments temporarily'interfered f.'ith tho prolit-producini; sources of the business, ami the directors li&u decideu :o strengthen the reserve fuud rather tnan distnouto a bonus. In the meantime an intermediate bonus would be paid on aii policies maturing during tho triennial period. The Society's reserve fund stood at over £3,d(A»,U>i), and the annual income ' was £7251000. This provod its spiendid position. It was securing its full share of tho overexpanding life insurance of the Empire.
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Press, Volume L, Issue 14980, 29 May 1914, Page 8
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130COLONIAL MUTUAL LIFE SOCIETY. Press, Volume L, Issue 14980, 29 May 1914, Page 8
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