GOVERNMENT INSURANCE.

Wairarapa Daily Times, Volume VIII, Issue 2327, 22 June 1886, Page 2

GOVERNMENT INSURANCE.

(Press Association.) Wellington, This day At an adjourned special meeting of policy holders in the Government Insurance, Mr Bell's resolution " That it is desirable the business of the Government Life Insurance. Association should be returned tp the.charge of the Government" "resulted as follows : Open voting for motion 44 against 38 ; proxies for motion 116 against 244. A poll was demanded, and it was decided to take one four weeks hence. At the same time a poll would be taken on the following alternative motions:—!. That the Board be reduced to six members, of whom three . should be elected, aad the other three should be the Solicitor General, the Secretary to the Treasury, and either the Public Trustee or the Commissioner of Property Tax—three to be a quorum if the Chairman is present or four if the Chairman is not present. 2. That Government appoint one of the ipembers to he Chairman, 3. That each offiaial member of the Bojiri'receive an honorarium of fifty guineas,- and each elected member should receive one hundred guineas per annum, and the Chairman such sum in addition as the Board may.fix, not exceeding £2OO. 4. That nominated members .shall cease to be members of the Board on ' the day the. aot oomes into operation and shall hot' be re-appointed. 5. That power should be given to the Board at its option to grant conpensation to . officers ori ; retirement and to make : compassionate allowances to widows and young children of officers who die whilst in service. ■ 6. That in case of any fresh appointments of general manager and Actuary Boards, power shall be exercised subject to the approval of the Governor." A poll is also to be taken on the following amendments to the above : —" 1. That the Central Board be reconstituted, and that it consist of seven members, four to be .elected by policy holders, and three to be nominated by Government, the three nominated members not to be officers of Government. 2. That the Board, so .re constituted shall elect its own Chairman. 3, That honorarium be fixed at £IOO for each member of the Board, except th 6' chairman of directors, who shall receive £3OO per annum.