HC Deb 08 January 1913 vol 46 cc1198-9W

asked the President of the Board of Trade, in the case of the Colonial Mutual Life Assurance Society of Australia, the premium receipts, the receipts of interest on funds of the society invested, the gross receipts, the payments on claims and surrenders, the cost of administration including directors, the gross expenditure, the amount invested and the rate of interest in 1889 and in 1912, respectively; the names of directors of the society now having the use of the society's money in addition to their fees, with the amount in each case and the nature and value of the security held by the society; the number of persons now insured with the society; the total amount paid in premiums by those persons; the estimated total liability of the society to them; and the assets secured to meet that liability?


Particulars as to the receipts and expenditure of the Colonial Mutual Life Assurance Society for the year 1912 are not yet available, but I am having sent to the hon. Member the comparative figures asked for with respect to the years 1889 and 1911, so far as they can be ascertained from the returns filed by the Society. As was stated in reply to the hon. Member's question on the 13th November last, the Board of Trade have been informed by the society that no money is owing to the society by any director. I am also sending the hon. Member particulars with regard to the last part of his question.