6 APRIL 1934, Page 36

* * * * U.K. PROVIDENT.

The annual report of the United Kingdom Provident Insti- tution showed that new assurances were granted during the year for £3,872,000, an increase of more than £300,000 over the amount completed in the previous year. It was, in fact, the largest volume of new business transacted in any year in the history of the Institution. Only ten years ago, said Lord Clwyd, at the recent annual meeting, " we regarded two mil- lion as the amount to be aimed at, whereas now we are getting within measurable distance of the four million mark." The balance-sheet of the Company is also a good one, investment assets standing at £21,400,000 as compared with about £17,000,000 in 1928.