The Government Insurance '" Department.
-The triennial valuation of the Government Insurance Department has been, made this time locally upon principles submitted to and approved by English actuaries. It has only taken four months to complete. The. Insurance fund at the en 4of .1893, after adding £18,000 to the fluctuations fund, amounted to £2,128,590, and the net liability to £1,938,590, leaving a surplus of £IQO,OOO. Of this £140,000 will be divided in .bonuses and £50,000 placed to the .reserve. The expense rate has fallen during the last three years, and the new business was greater during 1893 than for some years,. .the amount being a little over £740,000, The net increase of new business over discontinuances shows a marked advance upon 1892. The rate of expenses management shows a decrease of. one half per cent,
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Manawatu Herald, 3 May 1894, Page 2
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134The Government Insurance '" Department. Manawatu Herald, 3 May 1894, Page 2
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