361 



INSURANCE NOTES. 



.V piTUsal ot tlip balance-ghci-l of the Colonial Uaiik 

 ul Australasia Ltd.. for the half year eiuled 30tli St'p- 

 tfiiilier last, wliich app. ars in these columns, shows 

 that the contiuufj prosperity of the hank remains 

 uninterrupted. The net profits for the half year were 

 £28.932, compan-d with £25,625 for the same term in 

 1911. and £2l..'ii;) for 1910. The .sum of £10.000 has 

 l)een added to the reserve luud, making tlial fund now 

 i;190,<'(K). and LlU(K) transferred to the OIKciis' Pro- 

 vident Fund, and a dividend at tlie rale of 7 per ci-nt. 

 per nununi is iiaid on both preference and ordinary 

 shares. Tln^ principal items of the balance-sheet com- 

 pared with th<> same term of the two previous years 

 :i ri' as follows : — 



Stpt., 



1910. 



£ 



Capilal 439,280 



lU-sorve fund . 15^,000 



Notes 117,3.52 



l)epo.sit.s 3,493,095 



Li.piid assets ... 1,302.433 

 .\dvances, vU-. ... 2,928,323 



Iteal estate 20,1.5-') 



Bank premise.s... 20;i,164 



Net protite 24,.509 



The sol id 'strength of tho bank's position is seen when 

 it is noticed that the liquid assets consisting of- coin, 

 liuUion. debentiirew. etc., amounting to £1,422,250, are 

 over 97 per cent, of the note issue, and iion-interest- 

 bearing depo.sits. 



As was anticipated, the Bill before the Victorian 

 Legislative As.sembly, based upon the petition to I'ar- 

 liamt-nt (K>n<crnin;; the Colonial Mutual Life Assur- 

 ance .Scicii'ty I. 111., referred to in these notes la.sl 

 mouth, was not given effect to. Great opposition was 

 ^ho»n to th<' Bill, which roliectod tho feeling in busi- 

 ness circles ;i<'ni'rally. Tho No. 1 Bill, to amend tin' 

 fwjciety's .Memorandum and Articles of Association, as 

 reipn-sttnl by tiic Soeii'ty, was passwl with an ainenil- 

 nient to provide for au inspi-etion of the Society'.^ 

 ailairi*, as providi-d for in tho Companies Act. The 

 matter waa thus dealt with in a manner satisfactory 

 to the poliey-holdiTS. 



I he annual report of tho tjtate Savings Bank of 

 \ Mloria shows that a further suhsUntial increase has 

 taken place in tlio magnitude of its transactions. Th'' 

 gross amount of funds in tho Siiviug Banks Depart- 

 ment and I hi advances dopartment, togothcr i.s 

 £22.(j(i9,043, and. after allowing for bonds of ono 

 di'partniont lelcl l>y tho other, thi' not amount is 

 £21,297,293, ol wbicb about Hi millions has been lent 

 in various forms to tho Victorian Government, 4 mil- 

 lions is repriv.. iited by morti^ages. 3; inillion.s i.s on 

 fixed deiMjBit «ilh the banks, and nearly U millions 

 is invested in Board of Worka, City of Melbourne, and 

 similar .securities. The increa.se in di-posits during 

 the year (including interest crerlited), lia<< been 

 £2,;Mi,()l2, whicJi is conHidcrably tho largest in the 

 history of the institution. 



THE 



COLONIAL MUTUAL 



INSURANCE 



FIRE 



COMPANY 



LIMITED. 



INSURANCE 



FIRE 



ACCIDENT- 

 EMPLOYER'S LIABILITY- 

 FIDELITY GUARANTEE ■ 

 PLATE-GLASS BREAKAGE 

 MARINE - 

 BURGLARY 

 LIVE STOCK 



OFFICES : 



MELBOURNE— 60 Market Street. 

 SYDNEY— 74 Pitt Street. 

 ADELAIDE— 71 King William Street. 

 BRISBANE— Creek Street. 

 PERTH— Barrack Street. 

 FIOBART— Collins Street. 

 LONDON— 77 Cornhill, E.G. 



WALTER TUCKER, 



Oeneral Alanager. 



THE EQUITY TRLSTEES. EXECUTORS, AND 

 AGENCY COMPANY LIMITED. 



REStRVE Lt\BILIIY. i.lOII.UUI); OUARANIEE FUND. XHI.UOO. 



HO.VHDOK niliKCTOKS Kilward FMiniiiiu. Ksq.. Cliairnnu: 

 W. H. Irvine. K«(|.. KC. M.l>.: DniiaUl Maikiiuion. 

 y.m, . M.I,.A.; K. <i. MCutilieoii. Ksii.. M.I. A.; Stewart 

 MiArtlnir. Ksq.. K.O. 



Registered Office: No. 85 Queen Street, Melbourne. 



'fiOH (Vtiiipjiiy M enipowerctl Iiy HinM'i;il A. t ol I'.i rli:uiient 

 t'l purfonn all vl.isHt'S of tfiiBtiH- Iii^kIhchh. 



.KH;i. FOX. MauHBH 



0. '1' MAIvTI.N'. Assialaiil .ViaiiaBCr. 



WE FIT TRUSSES 



FOR RUPTURE 



SILK ELASTIC STOCKINGS, CRUTCHES. BELTS, 

 ' SHOUIOEII BRACES. ENEMAS. BATTERIES,, 

 >- BEST. OU*LITY> "' MODERATE PRICES. 



DENVER BROTHERS 



CORNER SWANSTON A LONSDALE STS. 

 ■^ . MELBOURNE. Vie > 



'y/ 



"^11 



