ROYAL LONDON MUTUAL.
Allowing for the fact that the past year has been one of difficulty by reason of the volume of unemployment, the report of the Royal London Mutual Insurance Society may be regarded as a very satisfactory one. In the Industrial Life Branch the Premium Income for the year was £3,713,086,
being an increase of £240,143, an advance of nearly seven per cent. Claims and Surrenders paid during the year totalled £1,339,761, an increase of £75,699. The working expenses of the Department again showed a slight reduction, while the Funds at the end of the year stood at £14,110,370, representing an increase of £1,407,643. In the Ordinary Life Branch the new business written exceeded that of the previous year by £485,460, and was a record in the history of the Society. Viewing the results of the Society's entire operations for the year, the income from all sources amounted to £5,786,701, an increase of £451,607 over the previous year, while the com- bined Premium Income was £4,824,094, showing an increase of £368,754. The total assets stand at £20,116,599, being £2,095,944 in excess of the previous year. A. W. K.
(For Company Meeting Reports see pages 741,721, 722, 723 & 724)
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