The Manawatu Standard (PUBLISHED DAILY.) The Oldest Daily Newspaper on the West Coist. THURSDAY, JUNE 4, 1885. GOVERNMENT LIFE INSURANCE.

Manawatu Standard, Volume X, Issue 5, 4 June 1885, Page 2

Manawatu Standard (PUBLISHED DAILY.) The Oldest Daily Newspaper on the West Coist. THURSDAY, JUNE 4, 1885. GOVERNMENT LIFE INSURANCE.

Policy-holders m the Government Assurance Association will be glad to learn something of the new organisation. The aanual report says : — Tho board are of opinion that it will work well. It will tend to popularise the institution, as well as to necessitate careful deliberation on all points affecting its welfare. Everything of importunes outside the routine duties comes before tho board, which sits from three to four hours a week. But, besides the duties performed at the board meetings, a great deal is done by committees. There arc eommitieea which examine aud report to the board on all expenditure, on all alterations m the staff, and ou tho office requirements, m eluding building. Whilst precaution i« taken not to bring names of proposers and policy- holders before the board, nil cases of exceptional character have careful consideration, aud supervision is exercised over the routine business without invasion of its confidential nature. On the whole, a great deal of work of a beneficial character is effected which bus not been practicable under a purely Government management. On the other band, the connection with the Government gives great facility for investment of funds, which are never idle. Tho Board are lending, and propose to lend considerable amounts ou mortgage of real property, but they are very careful to investigate all the conditions attaching to each application they receive.