ROTARY.
CONFERENCE IN SYDNEY. AX INSURANCE PROPOSAL. United Press Assn. —Klee.. Tel.—Copyright. SYDNEY, March 20. At I,he Rotary Conference to-day Mr Charles Rhodes, of Auckland spoke of Ihe rapid development and expansion of Ihe movement and the consequent need for finance. Rolary was now established in 62 countries, said Mr Rhodes, and an endowment fund was a necessity. They had as I heir objective a sum of £2,000,000, which would yield £IOO,000 a year. There was a proposal for a protective insurance scheme. Mr Rhodes said he believed many Rotarians would endorse such a fund and lhat in 10 nr 12 years the goal would be readied. The most tangible method would he through life insurance on the endowment plan whereby a club could take out a 10 years' policy on a member's life, and pay the premium until death or maturity. At. the conclusion of the conference ihe national flags of Japan and America were presented to the chairman, Mr A. C. C. Holtz, of Melbourne. A luncheon was given to the overseas delegates by the Sydney Chamber of Commerce. The principal speaker was Sir Henry Braddon, and others included Mr Rhodes and the Japanese delegates.
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Waikato Times, Volume 107, Issue 17975, 21 March 1930, Page 7
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197ROTARY. Waikato Times, Volume 107, Issue 17975, 21 March 1930, Page 7
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