WELLINGTON.

Thames Star, Volume XII, Issue 3945, 20 August 1881, Page 2

WELLINGTON.

This day,

A meeting of the policy holders in the New Zealand Life Assurance Department was held last night, wheu the folio wiug resolutions were proposed:—" That, iv the opinion of this meeting, it is desirable and just that policy holders should have some voice in the conduct and management of the Government Insurance and Annuities Department, and that, with this end in view, the Government be requested to introduce a measure to proride for the constitution of a board of

management, to be in part elected by the policy holders." " That, in the opinion of this meeting, ifc is desirable that a Parliamentary Commission should be appointed to inquire into the present state and management of the Government Insurance and Annuities Department."

Mr McDonough, lately an officer in the Department, was the principal speaker. He strongly attacked those who spoke against the resolutions and the officers of the Department.

The first resolution lapsed, and the second was negatived. An amendment to the first resolution to the following effect was also negatived: " That this meeting is perfectly satisfied with the manner in which the Government has managed the affairs of the policy holders, and that this meeting is quite content to leave the management in the hands of the State."