STATE INSURANCE
A SUCCESSFUL YEAR (Thb SUN'S Parliamentary Reporter.) WELLINGTON, Wednesday. siiTi 1 ? Progress of the Government InIvpti e -P e P ar tm en t during the year has ri«nnsf ßat sfactory > says the departmental vj?l Presented to Parliament to-day. TWsTv n^ ss has been well maintained. UvftiL* as een an increase in the effecin °f interest earned, and decreases p,*I*expense 1 *expense ratios. anrt Un<ls are being kept closely invested, sh«,» a .i? erusal of the balance-sheet will im2L that the department is not an un7J^* an t factor in the progress of New ov*r.«!«.. The whole of the funds —now ion fl’j are invested in the DominMaiafi In securities of a nature which try. 1 ln development of the counts l!]?* total business now in force is Policies, bearing an annual prea«.i!JL. in . come of £575,420. The sum is £18,743,397, to which reverhA^r bonuses totalling £1,475,007 have bo2L a ?? e<s - The total business on the WRS therefore exceeds £20,000.000.
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Bibliographic details
Sun (Auckland), Volume I, Issue 133, 26 August 1927, Page 13
Word Count
162STATE INSURANCE Sun (Auckland), Volume I, Issue 133, 26 August 1927, Page 13
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