THE NATIONAL MUTUAL.

Taranaki Daily News, 13 January 1917, Page 4

THE NATIONAL MUTUAL.

Mr. F. \V. Nicholson, New Zealand manager for the National Mutual Life Assoc ; alion, has received the following calile from lite head office, Melbourne:— "The 47th annual meeting was held at Melbourne; yesterday The chairman, in moving the adoption of the annual report, congratulated members on the incrtased business and the continued general prosperity of the association. The new business was very satisfactory, and the number of lapses very t few, thus "bowing the confidence the public had in t'n; solidity cf the association. The new business written) for the year amounted to £3.235,000, being an increase of £107,000 over last year, The sum of .C7f>o,i)Go has been saved and added to the funds during the year, and which r.ow amount to over £10,100,000. "The rate of interest has been well maintained, an average of nearly 5 per cent, being received for all money invested, and it is gratifying to know that the expenses of management have been considerably reduced. The ratio of expenses to total income is now 10.37. The death claims arc larger than the previous year owing entirely to war cas-uaities"