PROFITABLE LIFE INSURANCE.
Press Association— Copyright. Received Dec. 19, 10.10 p.m. Melbourne, Last Night. At the annual meeting of the National Mutual Life Association, the chairman, in moving the adoption of the report and balance-sheet, •stated that the new business •amounted to over three million sterling, and for the first time in the history of the Association, the interest rate reached £4 l@s«6d per cent., or deducting taxes, £4 13s 2d «a the mean funds. Mortality was unusually favorable, and a considerable purchase of Government .-securities at favorable prices had been effecte d. The funds and income had nearly doubled in the last ten years. The report was adopted.
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Bibliographic details
Rangitikei Advocate and Manawatu Argus, Volume XXII, Issue 2032, 20 December 1907, Page 5
Word Count
109PROFITABLE LIFE INSURANCE. Rangitikei Advocate and Manawatu Argus, Volume XXII, Issue 2032, 20 December 1907, Page 5
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