LEGAL AND GENERAL RESULTS.
The annual report of the Legal and General Assurance Society indicates continued progress, and since the Society has restricted its business to non-profit assurances, the figures seem to have increased rather than diminished. Last year, for example, the new life business put through was £6,944,249, being an increase of nearly £1,500,000. About one-half of the new policies were issued in respect of Group Assurances. Another good point in the report is that the society earned a net rate of interest on its funds for the year of £4 lls. 11d. per cent., being an increase of 6d. upon the rate for the previous year. The dividend of 6s. per share is maintained. The society, of course, conducts other business than that of life, but it is evident that a cautious policy is pursued, the total premiums in these departments last year being £266,070.
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