GOVERNMENT INSURANCE.

Manawatu Standard, Volume 4, Issue 168, 21 June 1883, Page 2

GOVERNMENT INSURANCE.

'he ieport of the Government Insurance Commissioners for the half-year ending 31st December, 1882, just issued, shows that during that time 8835 policies were issued',... 'insuring the amount of £789,806 ; while during the previous half year ending June 30, 1882, 4424 policies were issued for an amount of £546,162, making a grand total fpr the yejar ' o£ .13,259 policies assuring ' £1,33^,96^ ' The separate temperance" suction mentioned m the last report, and into" which- only .total abstainers from intoxicating liquors are admitted, was opened i on the Ist July last. The expectations of success which were entertained oh the establishment of the section have, been fully realised, 472 policies, for an assured sum of £111^225^ producing- an annoaKpre* mium income. of £3281,. haying been issued, daring .the .firs'; isan months. Death claims 0n ; 44 policies, representiog 42 persons^ ha.ve_ aasen during the ha'f-year. The amounts payable on these claims,' including; bonus additions and allowances for prospective or interraediate. boiiiises,^ amounted ito £19,657. On 31st December last tiie total number 'of^policiea in ';'■ force m the Ordinary. Branch was 15,888, insuring Sb^isyVl exclusive of ; b,onuß additions, showing, a net increase m the six months , 0f^2082-. policies, -and j o f £483,179 on the Bam assnrei, The revenue ot (this (branch for the halfyear front all source^ was £94,789. TLe accumulated fund at the close of the half-year amounted to £704,888, showing an advance for the half-year of £50,998. The expense of working the. department amounts to £10,195 for the. half-year.