GOVERNMENT INSURANCE

South Canterbury Times, Issue 2626, 20 August 1881, Page 2

GOVERNMENT INSURANCE

[By Telegkapii.] Wellington, August 20. A meeting of the policy holders in the New Zealand Life Assurance Department was held last night. The following resolutions were proposed : “ That in the opinion of this meeting it is desirable and just that policy holders should have some voice in the conduct and management of the Government Insurance and Annuities Department. and that with this end the Government be requested to introduce a a measure to provide for the constitution of u Board of Management, to be in part elected by policy holders.” " That in the opinion of this meeting it is desirable that a Parliamentary Commission should be appointed to inquire into the present state and management of the Government Insurance and Annuities Department.” Mr McDonnough, lately an officer in in the Department, was the principal speaker. He strongly attacked these who spoke against the resolutions and officers of the Department. The first resolution lapsed, and the second was negatived. An amendment to the first resolution, to the following effect, was also negatived :

“ That this meeting is perfectly satisfied with the manner in which the Government have managed the affairs of the policy holders, and that the meeting is quite prepared to leave the management in the hands of the State.”