EXPANDING BUSINESS
NATIONAL MUTUAL LIFE ASSOCIATION. The new business written by the National Mutual Life Association of Australasia Ltd. for the year ended September 311, 1939, amounted to £10,158,497. These figures refer to ordinary business only, as the association does not transact, industrial life assurance. The total income for the year was £5,998,648. which included £4,168,542 for premiums and £1,830.106 for interest (after deduction of rates and taxes). The year's income was £1.932.540 over expenditure. Policy holders or their representatives received £3,513,380 from the association during the year. The report shows that £515.000 was transferred to Investment Fluctuation Reserve. Of that reserve £lOO,OOO was applied to write down house properly. After reduction cl house property the Investment Fluctuation Reserve amounts to £1,750.000. During the year under review the combined funds increased by £1.832.540 and at September 31). 1939, the Assurance Fund amounted to £45,575.865. The total assurances <excluding bonus additions) in force at the end of the year exceeded £ 114,850,000.
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Wairarapa Times-Age, 19 December 1939, Page 3
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160EXPANDING BUSINESS Wairarapa Times-Age, 19 December 1939, Page 3
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