ASSURANCE
- ■■ MUTUAL LIFE' AND CITIZENS' ' ':/,.;';,-' COMPANY. • By TeleSraph—Press As'sbciation-boDjrleht. "'" -■ ■■• (Rdc. March 11; 0:55' a.m.) ," ./ /'Sydney, March 10../ ,-At the/annual meeting of the. Mutual Life and Citizens' Assurance Company, the chairman stated that the business for the year 1909 was again a record, exceeding by i£I3I;IGG the amount'di hew assuf : ahces completed in 1908: New. policies numbered 11,332, on which.'the new annual premium incdine amounts t0■'',£70,425; ', :"/
.The report' shows that the funds. Have.' inofedsed during.'.!the year 'by ,£376,451; aiitl at its close.' amounted to. Of. the company's assets over 55 per cent; are ~ repre'sehtedi iby Government and municipal securities. Tho ordinary b'rihch.new.business for. the year was .£2,009,460; the., increase over the total for 1908 being 'substantial. ■ Tho total busi: ness in force aggregates almost Tho actuarial valuation, which was made on a stringent.'basis, discloses a. surplus of?- ,£164,124, -. which substantial bonuses (ranging up to ,£3 per cent) -are allotted to participating policy-holders.
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https://paperspast.natlib.govt.nz/newspapers/DOM19100311.2.53
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Dominion, Volume 3, Issue 763, 11 March 1910, Page 7
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151ASSURANCE Dominion, Volume 3, Issue 763, 11 March 1910, Page 7
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