GOVERNMENT INSURANCE.

Stratford Evening Post, Volume XXXIII, Issue 5, 3 May 1912, Page 2

GOVERNMENT INSURANCE.

A VERY PROSPEROUS STATE OP AFFAIRS. (Per Press Association.! Wellington, May 1. The bonus certificates of the Government Insurance Department were posted yesterday, so that a great majority of policy holders in New Zealand would have received them to-day. The recent valuation discloses a very prosperous state of affairs, and the rate of bonus has been increased all round compared with previous years. The number of policies amounted to -19,-376, while the sums assured amounted to £12,683,000, made up of £11,511,000 original sums assured, and £1,169,000 bonus additions. The surplus (after specially strengthening the valuation basis by £101,500, and the investment fluctuation by £30,000) amounted to £210,000. Individual bonuses have been allotted on the sums assured and bonuses in force, and range from 21 per cent to 31 per cent per annum of the amount of the previous bonuses. The whole of the revisionary bonuses thus allotted amounted to £333,994. Since the inception of the department in 1870 £1,600,000 has been distributed as cash profits amongst policy holders, making additions to policies amounting to £2,900,000.