Page 6 Advertisements Column 4

Taranaki Daily News, 6 March 1922, Page 6

AUSTRALIAN PROVINCIAL ASSURANCE ASSOCIATION. REMARKABLE EXPANSION. An item of considerable interest to the insurance world and the pu'blic generally is th e remarkable expansion, of the I business of the Australian Provincial Assurance Association. It has increased to such an extent that the Directors have found it necessary to purchase for their own use one of the most central buildings in Wellington, known as the National Buildings, situate at the corner of Grey and Featherston Streets, for 1 the purpose of their N.Z. Headquarters. The purchase price of the property is I approximately £20,000, and the Association will enter into possession at an early date. The Association is ten years old, and in its ninth year the new business it secured exceeded 3 million pounds. The financial position of the Association is exceedingly sound, as its assets exceed one and a quarter million pounds, of which £BO,OOO is invested at the present time in New Zealand securities. This amount of £BO,OOO will be augmented by the deposit with the Public Trustee of a further £35,000 to meet the requirements of recent legislation in regard to Insurance Companies’ deposits, so that, within the next few months, the total assets of the Association in the Dominion will amount to £120,000. The Association is the only Australas ian General Insurance Company transacting all classes of insurance—i.e.. Life, Fire, Accident, Marine, Employers’ Lia? bility, etc. The management of the New Zealand business will be in the capable hands of Mr. T. W. Rapley, who has been with the Association some years, and has at-\ tained very considerable success as manager of the South Island for the Association. He will be assisted in his management -by Mr. A. .1. Hyder, who has had a very considerable experience and success in insurance circles throughout the Dominion of New Zealand for many