The" Equitable" Life.

Taranaki Daily News, Volume XLVII, Issue 7888, 2 August 1905, Page 2

The" Equitable" Life.

Referring to the cable recently inserted stating that a suit, had been commenced in New York for the assets of the Equitable Life Assurance Socipty, which are set down a! over £87,000,000, the following REASSURING STATEMENT has (been telegraphed by the Rosident Secretary of the Society " Action being brought by stockholders with the_ ob'jcct of ■defeating the directors' decision to mutualise the Society must 'decidedly fail. Francis Htendpipks. Government Superintendent of Insurance for New York State, says in connection with the examination of the Society now in progress by his Department,: 'I am at this date (May 8) sufficiently well informed as to its condition to unhesitatingly state that) it is financially, sound anil that its contracts to policy-holders are fully and safely guaranteed,' " In cpnnectipp witji the above, tim Government Insurance Department of New York, in their last annual ox-' amination of the Equitable certified that the excess of assets over liabilities wan over £16,000,000, as set forth In tiie balance-sheet, of the Society, copies of which are-to be obtained at the branch office of the Society in Stratford, together with an itemised report of all the investments of the Equitable Life, which is issued as an absolute refutation of the message inserted on Saturday,