COLONIAL MUTUAL LIFE.

Dominion, Volume 5, Issue 1496, 19 July 1912, Page 4

COLONIAL MUTUAL LIFE.

A REPLY TO A RECENT CABLEGRAM.

■With reference to a 'ecent cablegram, giving particulars of questions asked in the Houso of Commons in regard to tile Colonial Mutual Life Assurance Society, Ltd., tho secretary idt Now Zealand, lir. P. D. Leslie, advises that the Colonial Mutual has never yet failed to keep ita engagements. Such a suggestion, Mr. Leslie says, is ridiculous iu the face of the figures disclosed in the last Piinunl report for the year 1911. The report of the actuary, Mr. Janice Pujlar, 1.F.A., certifies the; total net liability to bo .£3,208,051, and tho amount of life assurance fund ftt the close of tho year to be ,£3,357,783, thus disclosing a surplus of assets ovor liabilities of ,£119,731. Mr. Leslie further advises that the t'ciety's affairs are in a most prosperous condition, and" in proof of that the volume of budness transacted last year was very considerably greater than, that cf cny previous year iu tho society's history. The amount added to tho accumulated fulid during.'tihe 41?8#1. ,TJi ] e i society, has ndver'lent tnonoyto its lecal directorsin lN T ew Zealand, nor has tho. New. Zea*> land branch any knowledge of such . a.\ course haying been adopted by tho society,', anywhere.: • ••■■■■■■■ ••••, ■■•