GRESHAM LIFE ASSURANCE
Few insurance company chairmen have this year been in the fortunate position in which Mr. W. B. L. Barrington found himself last week. He reported that the Gresham Life Assurance Society had in 1938 recorded a considerable increase both in the number of new life-policies and in the total of new sums assured. This expansion, he explained, was due to oversea business, and the company's organisations in France and Argentina were mainly responsible for it, although Cairo and Athens had also contributed. Mr. Barrington explained that the reduction from £10,430,134 to £10,187,84o in the company's total assets was attributable to an adjustment of exchange rates, and that but for that adjustment there would have been an increase of over £500,000 in total assets.
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