6q6 



The Review of Reviews, 



INSURANCE NOTES. 



Mr. Richard Teece, of Sydney, general manager 

 and actuary of tlie Australian Mutual Provident 

 Society, who is about to take an extended trip to 

 Europe, was tendered a complimentary smoke concert 

 by the society's Melbourne staff on 12th January, 

 at Sargents' cafe. The chair was occupied by Mr. 

 James Grice, cliairman of the local board, and the 

 toast of tbe guest of the evening was proposed by the 

 Resident Secretary (Mr. F. T. Bridges), and enthusi- 

 astically received. An enjoyable programme of songs 

 and recitations was rendered during the evening by 

 members of the staff, assisted by other artists. 



Chief Officer Alfred Webb, of the Sydney Metro- 

 politan Fire Brigade, died in Sydney on 19th January, 

 after an illiie.ss extending over some weeks. 



At the opening of the headquarters office of the Com- 

 monwealth Bank at vSydney, on the 20th January, the 

 governor of the bank (Mr. Denison Miller), in an 

 address, said that the opening of the bank in the; 

 centres of the Commouwealtli and in Loudon for the 

 transaction of all general banking business marked 

 the accomplishment of the provisions of the Com- 

 monwealth Bank Act of 1911, all the requirements of 

 which had now been given effect to. It was an im- 

 portant event in the history of the Commonwealth, 

 and, in fact, of the whole banking and financial 

 world. The bank was being started without capital, as 

 none was required at the present time, but it was 

 backed by the entire wealth and credit of the Com- 

 monwealth. It was intended to conduct business on 

 sound lines, and at the same time to extend every 

 reasonable facility to meet the growing requirements 

 of trade and commerce, and tbe development of our 

 great national resources. The success of the bank 

 would depend to an extent on the continued pros- 

 perity of the States of the Commonwealth and sup- 

 port of the people, whose bank it was. No efforts 

 would be spared to make this national institution one 

 of great strength and assistance in maintaining the 

 financial equilibrium. It must become an important 

 factor in dealing with the finance of the States of 

 the Commonwealth, and there was little doubt, he 

 thought, that in time it would be classed as one of 

 the great banks of the world. The first deposit was 

 by the Commonwealth Government, and amounted 

 to £591,864. 



The Premier (Mr. Watt) was recently interviewed 

 by some members of the Metropolitan Fire Brigades 

 Board with a view of securing increased borrowing 

 powers for the board. It was pointed out that, with 

 the growth of the suburbs, the acquisition of various 

 properties had become necessary, and the question 

 had arisen whether the board would be justified in 

 asking Parliament for an enlarged borrowing author- 

 ity. Originally Parliament granted £100,000 as the 

 limit of the board's borrowing. That had been re- 

 duced by the sinking fund to about £36.000, and 

 power to borrow an additional £50.000 was desired. 

 The board, it was stated, was in a sound financial 

 position, owing to careful administration, but it could 

 not undertake heavy additional work out of revenue 

 Mr Watt promised to submit the matt-er to the 

 Cabinet for consideration upon a definite proposal 

 being submitted. 



THE 



COLONIAL MUTUAL 

 FIRE 



INSURANCE COMPANY LIMITED. 



INSURANCE 



FIRE 



ACCIDENT- 

 EMPLOYER'S LIABILITY- 

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 PLATE-GLASS BREAKAGE 

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WALTER TUCKER, 



General Manager. 



THE EQIITY IRlSTtfS. EXtClTORS, AND 

 AGENCY COMPANY LIMITED. 



RESERVE LI4BIIITY. £100.000; GUARANTEE FUND. £10.000. 



BO.\RI> OF DIKKCTORS-- Kdw;i,id Faiiiiiiig, Ks(i.. Cliairmaii; 

 W. H. Irvine. Esq.. KG., M.P.; Donald Mackinnoii 

 Esq., M.L.A.; R. C. MCutclieon. Esq., .M.Iy.A.; Stewart 

 McArthnr, Esq., K.O. 



Registered Office: No. 85 Queen street, Melboune. 



This C'ljiupaiiy is empowere<l by special Act of Parliament 

 to perform all olaases of trustee business. 



JOEI, FOX, Manager. 

 0. T. MARTIN, Assistant Manager. 



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