investigation disclosed a net surplus of 8198,650 This is amply sufficient to enable bonuses to be declared at the same rates as for 1940= In view of the abnormal conditions arising out of the War, however, the Department regards it as its duty to its 100,000 policyholders to adopt the prudent course and conserve the re- sources of the Department to the fullest possible extent It has been decided, therefore, not to distribute the surplus which accrued during the year; a sur plus which, as already stated; is amply sufficient to enable bonuses to be de clared at the same rates as for 1940 but to keep liquid the amount,�198,650, as an additional reserve for War con- tingencies. In order that the interests of policyholders shall not be prejudiced, interim bonuses will be granted at the 1940 rates on all policies becoming claims during the current year. War Loan Investments : Realising the necessity for rendering all possible support to the Country in its prosecu- tion of the War, the Department has to date subscribed sums totalling 8652,180 to the various War Loans. Over seventy members of the staff are on active service: 81942
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https://paperspast.natlib.govt.nz/periodicals/NZLIST19420731.2.20.2
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New Zealand Listener, Volume 7, Issue 162, 31 July 1942, Page 9
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193Page 9 Advertisement 2 New Zealand Listener, Volume 7, Issue 162, 31 July 1942, Page 9
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