T. AND G.

Sun (Auckland), Volume III, Issue 846, 14 December 1929, Page 12

T. AND G.

MUTUAL LIFE SOCIETY ANNUAL MEETING GREAT EXPANSION MELBOURRE. Fridaj'. The 53rd annual meeting of the T. and G. Mutual Life Society was held todaj-, the managing director, Mr. J. T. Thompson, presiding. In welcoming policyholders to the magnificent new building, the chairman said that the accounts for the year ending September 30, 1929, showed excellent results in all departments. The new business consisting of 152,003 policies, assuring £12,219,710, all written in Australia and New Zealand, was the largest yet obtained in one year. The total income was £3,623,889, while the payments to policyholders amounted to £1,329,081. Notwithstanding such large payments, the Life Assurance Funds had increased by £ 1,392,396 to £14,109.996. The Fidelity and Contingency Funds have been increased to £163,000. The assets were £14,567,530, nearly double those held five 3*ears ago, returning a rate of interest equal to £5 17s per cent, per annum on the Mean Funds. The actuary’s report disclosed a record surplus of £552,484, which, after setting aside special contingency reserves of £50,000, provided the same excellent bonuses and other benefits as granted last year. After drawing attention to the burden of increased taxation, the chairman ended by expressing appreciation of the enthusiasm and loyalty of the staff. CHICAGO WHEAT MARKET United P.A. —By Telegraph—Copyright Reed. 10.55 a.m. CHICAGO, Friday. Wheat.—December, 1 dollar 20J cents a bushel; March, 1 dollar 272 cents; May, 1 dollar 312 cents.