The Colonial Mutual Life Office.

Feilding Star, Volume XVII, Issue 101, 26 October 1895, Page 3

The Colonial Mutual Life Office.

■ «•- The Colonial Mutual completed its ■ fourth quinquennial period on 31st December, 1894. At the special meeting held in Melbourne on 2nd instant, the chairman reported that the total number of policies issued was 69,447 assuring £21,743,351, thus representing an average annual business of one million. This is a remarkable achievement, and one •which we believe is unparalleled in the annals of life assurance, certainly no other Colonial office has such a record. The funds amount to £1,793,628, and the amount paid over to policy-holders or their representatives during the period under review is £1,485,951.- The mortality experience has been extremely favourable, and policy-holders will reap the advantage of the careful selection of lives, by means of substantial bonuses. The surplus for the last quinquennial | period is £226,198 (which is equivalent to a reversion of £450,000) out of which it was decided to divide £105,896. The membership roll is almost 33,000, representing policies in force amounting to 10£ millions. These are figures of which any office might well feel proud, and we heartily congratulate the Colonial Mutual on its success, and feel assured that it has a brilliant future before it.