GOVERNMENT INSURANCE
A PROFITABLE YEAR. By Telegraph—Press Association. Wellington, Last Night. The bonus certificates of the Government Insurance Department were posted yesterday, ■ so that a great majority of policy holders in New Zealand will 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 49,370, while the svnhs assured amounted to £12,683,000, made up of £11,514,000 original sums assured, and £1,169,000 bonus additions. The surplus (after specially strengthening the valuation basis by £101,500, and the investment fluctuation reserve by £30,000) amounted to £216,000. 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 original sum assured, according to the amount of the previous bonuses. The whole of the reversionary 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.
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Taranaki Daily News, Volume LIV, Issue 259, 2 May 1912, Page 5
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181GOVERNMENT INSURANCE Taranaki Daily News, Volume LIV, Issue 259, 2 May 1912, Page 5
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