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COMPANY MEETINGS.
UFK INSURANCE CO. OF AUSTRALIA
Nesi businew written by the Life Insurance Co.
of Austraha Limited last year constituted a re
cord, Sir Henry \\ cecJon said at tlie niinm! wvet-
fnp yesterday. The amount represented £1,03d,;t,25
coinpareil with £636,072 in 1015. Renewul bm!
nilums had >mTeisc<l by £12.1300, and influenza
was rea|)on«ible for an increase of £1573 in the
claims department. The .mrpliN of receipts over
ONIwriditure repremrntcl £lS,ft5t). Bretuiuim in
the industrial department hail iiiertscd from
AofloS to £6028, and a surplurt of £IJl4.i was difl.
closed on its o|»erjtiotts. Since 1917 tlie com
pany had made remarkable prepress which had
resulted :n more tliaii .trebling tbe amount of new
rnii iir->s and doubling- the renewal premiums,
in 11)17 new busmen amounted to £316.21)5, and
tn lftlft £l,030.;aft; renewal premiums, 1917, were
£16,860, and lftlft, £3:1,700. 'Jlic pwent vear
had owned well, and satisfactory Increar 'liad
been disclosed. Tlie- company had a total of
£23,460 invented in war and peace bond, whicti
; b mrectora coiwldercd was a tiound proposition.
Jh(i_avcragc P"iicy amount bad risen from
£25i to 03126. Tlie directors had decided that
from cow nil a larger firoportiou of the fundi
was to be diverted to the house purchase depart-
nicnt, which was a profitable investment, com
bined with a guaranteed renown!.. The report
nnd balance sheet were adopted.
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