The Manawatu Standard (PUBLISHED DAILY.) Suivant la verite THURSDAY, JANUARY 18, 1883. INDUSTRIAL ASSURANCE.

Manawatu Standard, Volume 3, Issue 46, 18 January 1883, Page 2

The Manawatu Standard (PUBLISHED DAILY.) Suivant la verite THURSDAY, JANUARY 18, 1883. INDUSTRIAL ASSURANCE.

We learu with a certain amount of re" gret that the Industrial Branch of the JN'ew Zealand Government Life Insurance Department has virtually been abolisaed, or more Currectly speaking has been amalgamated. The reason is rather difficult to assign. It is said that experience proved that the Life 1 Insurance Department was likely to suffer m consequence of the establishment of the TndoHcrial Branch. It is strange how silent the Press has beeu ; Dn . iLio cbjcot.. We learn lrom a 1 semi-official source that a considerable number ol recently-established agencies m connection with the Industrial Branch have been closed, and various appointments cancelled. As a branch of the departmental ser j vice that promised to prove of very 1 general public utility and benefit, its virtual cessation, or even amalgamation ' must be cause for regret. The more enthusiastic advocate of the Govern* went Bchetne ot Lite Insurance contend loudly that its motives are so patriotic, and boncfioont ; yot Tchon ikara oo«na any danger of one branch interfering with the profits of the other, the less profitable, even if more useful to th« f.uhlic, is forthwith closed. We fear too much has been made of the ostensible disinterestedness, liberality, and practical charity said to be so pre-em-inently characteristic of the Nevt Zeat land Government Life Insurance Department.