The Manawatu Standard PUBLISHED DAILY.) Suivant la verites TUESDAY, FEBRUARY 13, 1883. LIFE INSURANCE.

Manawatu Standard, Volume 3, Issue 68, 13 February 1883, Page 2

Manawatu Standard PUBLISHED DAILY.) Suivant la verites TUESDAY, FEBRUARY 13, 1883. LIFE INSURANCE.

Through, the .- cpnrtepy \of the Colonial i authorised to state that the hooks of the j Government Insurance Department lor the six months ended 31st December list, show "''ttife following gratifying results :— No fewer than 9830 policies >h*ye been issued in both branches the ordinary and the industrial during the period mentioned, assuring new business transacted by the depart.ment iuring any preceding financial period ot twelve months' duration. The newjmsfyess has th us jnore, than doubled -iteelf £hsthe Jast gfj_ mofejhs. The renewal business slso shows a satisfactory increase, proving thepermanent f^afcl? lot Jls£'si#«*r generally. fßufc what about the Industrial •B^anch^r Has it collapsed entirely fj Since the ab >ve was in type we have jperused a letter which appeared in last nieht's Wanganni Herald, signed "Policy Holder.;', The .writer, makes, the' following 'as'sertibnfcy l 4hicbMt l ouf : opinion constitute a damning indict.ment against the Department. He affirms " that the whole Department is lel-i^jiqi^tMiYm, to Mr George Thobne, jun., who is a veritable vampire, living on the industry of a large class of hard-worfce'l individuals. The Department allows Mr George Thorns p#.J^Q^pQr~fa|ri t ApiOflF netS^vi^e^i^ amnßisiß how ne aistribufe"iV: >A "To the travelling agents, who have to pay "all their own travelling expenses, and whpj. of cpur^e. ob|ain j^nearlv all the *neil;r))Uswek&)l\ hej [>$ysjis per cent, j,qpketing the remaining 5 per cent. Mr Thorn e's income from commissions )Mae, iihfflis SoiiittlM^tia^ w iiti&3^£ at from £1500 to £1700 per annum. JFH6>£rtßdEiifi income for the whole colony must be over £2000 r .per . annum. ,in aifdiiion to liis salary "of *£foO per nn'nbm. • ' Of paid in commissions "last year, the Postal Dftpftrlment .wtig the^colleotiira of renewal premiums 'throughout the colonjr. Mr Luokib, j m ComrnissiJn'ei',*' '^W'^ery ivell fora

time, and was as competent for the -positiw as mast men, but Mr George Thobnb, Jan., is too much for him. The 'Colonial' Insurer Will find out when it is too late, the mistake made in crean ting the expensive : office of "'sn'perin'. tendent of agents/' who works the Department!. for-ihis own benefit, Erery change in the organisation of the Department is- made with the view of putting more commissions into the pocket ; oi the fenperiatendent. It cans not last^ and no one knows this better than Mr George Thorne, jun. That much-abused, but worthy and highly efficient officer, Mr Godfrey Knight, ,

should hold the nppointiu nt in connection with his office of Actuary. The policy holders and the public, through their representatives in Parliament, should insist on a thorough examination into the disbursement ot the commission ■£10,000, which I understand is filtered through the hands of George Thorne, jun." Charges like the above should receive some distinct refutation at the hands pf the department. They bear upon thwr face " tue impress of having emanated from some ex-official source.