FRIENDLY SOCIETIES.
:— J The Registrar of Friendly Societies, i in his annual report, states that last year he drew attention to the importance of the close investment of funds, and he now says the improve- , ment might be effected by reducing the amount held on current account. He says that in some lodges sums so held are out of all proportion to requirements. The report states thatthere is now an almost general desire on the part of the leading Orders to take up the question of sound finance in earnest. Those Societies who hive improved their position and adopted sound scales of contributions are now entitled to such protection as the State can give them from competitors, who, without regard to the financial liabilities they are incurring, offer benefits for which adequate provision has not been made. There appears, says the report, to be a disposition in some of the Friendly Societies in the Dominion to adopt a uniform death levy for high funeral benefits, and a note of warning is sounded on the unfinancial character of the system.
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https://paperspast.natlib.govt.nz/newspapers/WAG19080917.2.9.5
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Wairarapa Age, Volume XXXI, Issue 2993, 17 September 1908, Page 4
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179FRIENDLY SOCIETIES. Wairarapa Age, Volume XXXI, Issue 2993, 17 September 1908, Page 4
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