ASSURANCE COMPANY
ANNUAL MEETING.
By telegraph, Presa 'Ass’n, CopyNgl Receive! 5.5 p.m., Feb. 27. Sydney, Feb. 27. The February annual meeting of t Citizens’ Life Assurance Company wj held to-day. Tbo report, which w adopted, showed that now assuranoe f £1,036,500 were complete! in the ordintt branch, Bud that the funds at SlsfcDfCU ber, 1905, amounted to £1,538,372, t 1 gross increase for the year beiog £219,26 A further great saving bad been effeob in tho working expenses, the industri branch alone showing a reduction of near 12 per cent, for the last two yoars. i ordinary branch expense tbe rate is 13 j> cent., and the combined expense rate (ore nary and industrial) 24 per cent, of tl total income, The valuation report sboi that reversionary bonus to policy-holde for the year will be higher than pr viouely, ranging from £3 to £1 os P cent, of tbo sum assured, according to tl table and ago of the policy. The retirit directors were re-elected.
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Bibliographic details
Gisborne Times, Volume XIX, Issue 1685, 28 February 1906, Page 2
Word Count
165ASSURANCE COMPANY Gisborne Times, Volume XIX, Issue 1685, 28 February 1906, Page 2
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