EQUITABLE LIFE INSUR ANCE COMPANY.

Gisborne Times, Volume XIX, Issue 1521, 1 August 1905, Page 2

EQUITABLE LIFE INSUR ANCE COMPANY.

A REFUTATION,

Referring to the cable published in our issue of yesterday in regard to the Equitable Life Insutance Company, the resident secretory, Mr Trevor Gould, of Wellington, telegraphs that the potion being brought by stockholders with the object of defeating tliß directors’, decision re mutualisation must docidedly fail. ,(

Mr Francis Hendricks, superintendent of insurance for New York State, says : “In connection with the examination of Society now in progress by this Depart-' ment, I am at this date (May Bth) sufficiently well informed as to the condition' of tha Society, and unhesitatingly state that it is financially sound, aud that its contracts to policy holders are fully and safely guaranteed.” Policy holders of the Equitable enjoy the great advantage of knowing just how and where their funds are invested, and of thus being able to form their own private and individual opinions of any or all of the Society's investments. The 1905 edition of the detailed statement of the invested funds may now be had on application at any of the Society’s branch offices. It contains a detailed list of all securities in which the policy holders’ funds are invested, including amount and location of every mortgage and the present market value of the property loaned upon. It also givos the amount invested in each security together with the book value, par value and present market value and the rate of interest earned on each, and enumerates all securities on which money has been loaned on collateral with the rate of interest in each case and the respective market values.