29 MARCH 1930, Page 36

THE U.K. PROVIDENT.

At the recent annual meeting of the United Kingdom Provident Institution Mr. Walter Runciman had a good story to tell of the company's progress. This, indeed, had been indicated by the declaration of higher rates of compound bonus for the last triennium, the bonus being the highest rate declared since the Institution adopted the present system of profit distribution many years ago. It was also stated at the meeting that the valuation had been conducted on the most stringent principle, while the large amount of Undivided surplus carried forward constitutes a sure guarantee of its maintenance. * * * *