The Feilding Star. THURSDAY, OCTOBER 22, 1891. Government insurance Department
THEinformationi conveyed in the following '"cablegram forwarded from London by .the Agent-General to the Government, should prove very gratifying to policy holders : — " The valuation of the Government Insurance i offico by the three London actuaries is J completed. The cash profits amount t0. £239,000. The actuaries recommend that £200,000 be divided among the policy holders, and state that notwithstanding that this valuation has been more severe than the last the position of the Department is highly satisfactory." The £39,000 forms an additional reserve for future bonuses and contingencies. The last valuation was made: on the assumed rate of interest of 4£ per cent., while the present one was based on 4 per cent, only, which means an additional reserve of many thousand pounds. The divisible surplus of £200,000 will be iniEaediately apportioned amongst the policy holders, and is expected to secure reversionary additions to policies amounting to nearly hall a million. The figures speak for themselves.
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Bibliographic details
Feilding Star, Volume XIII, Issue 19, 22 October 1891, Page 2
Word Count
166The Feilding Star. THURSDAY, OCTOBER 22, 1891. Government insurance Department Feilding Star, Volume XIII, Issue 19, 22 October 1891, Page 2
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