T. AND G. SOCIETY

Wairarapa Times-Age, 7 December 1939, Page 11

T. AND G. SOCIETY

ANNUAL REPORT. The annual report of the Australasian Temperance and General Mutual Life Assurance Society Ltd for the year ended September 30 states that the new business completed in the ordinary department comprised 29,684 policies, assuring £8,516,271, and £2404 5s 8d per annum of annuities (the amount includes short term assurances under "Income Assurance" policies), and in the industrial department 120,700 policies, assuring £5.539.086. In both departments 150.384 policies. assuring £14.055,357 were issued. In the accident department 17.673 personal accident and sickness policies. assuring £5.123,481. were issued during the year, and, in addition 6406 polices in the ordinary department were endorsed with accident benefits, assuring £1,221,094. The premium income amounted to £4,741,794 and the interest income to £1.408.137, making a total of £6f149.931, an increase of £306,991 over the previous years total. Payments to policyholders amounted to £2.476.694 as compared with £2,161,358 for the previous year. The funds have increased by £2,340,742 to £31.593,453. comprising £ 16.222,527 ordinary department funds. £15,189.639 industrial department funds, and £181,287 accident department funds. The interest rate for the year on the moan funds was £4 12s 6d per cent, as compared with £4 12s 5d per cent for lite previous year. The Assets now amount to £32,416.132, of which £ 18,004,831, or nearly 56 per cent, is invested in Government. Municipal and other Public Body securities.