✨ Government Life Insurance Bonus
Numb. 21. 431
SUPPLEMENT
TO THE
NEW ZEALAND GAZETTE
OF
THURSDAY, MARCH 31, 1887.
Published by Authority.
WELLINGTON, SATURDAY, APRIL 2, 1887.
Government Life Insurance Bonus declared.
Wm. F. DRUMMOND JERVOIS,
Governor.
ORDER IN COUNCIL.
At the Government House, at Wellington, this second day
of April, 1887.
Present:
HIS EXCELLENCY THE GOVERNOR IN COUNCIL.
IN pursuance and exercise of the power and authority
contained in "The Government Life Insurance Act,
1886," and of every other power and authority in this behalf
enabling him, His Excellency the Governor of the Colony of
New Zealand, by and with the advice and consent of the
Executive Council of the said colony, doth hereby order and
direct that the sum of one hundred and fifty thousand
pounds, being that portion of the surplus of profits recom-
mended for division after investigation into the financial
condition of the affairs of the New Zealand Government
Insurance Association up to the thirty-first day of December,
one thousand eight hundred and eighty-five, shall be divided
among the policyholders holding policies in the General
Section of the Ordinary Branch; such division being made in
accordance with a certain actuarial report made by Messrs.
A. H. Bailey, Ralph P. Hardy, and George King, of London:
And with the like advice and consent as aforesaid, and in
pursuance of the actuaries' report, doth further order and
declare that the amount available for distribution as afore-
said shall be so distributed in accordance with the plan set
forth in the ninth section of a certain report made by
Messrs. Bailey and Hardy on the financial condition of the
affairs of the Government Insurance Department, and bear-
ing date the twelfth day of July, one thousand eight hundred
and eighty-one.
FORSTER GORING,
Clerk of the Executive Council.
By Authority: GEORGE DIDSURY, Government Printer, Wellington.
Next Page →
NZ Gazette 1887, No 21
✨ LLM interpretation of page content
🏢 Government Life Insurance Bonus Declared
🏢 State Enterprises & Insurance2 April 1887
Government Life Insurance, Bonus, Policyholders, Ordinary Branch, Actuarial Report
- Wm. F. Drummond Jervois, Governor
- Forster Goring, Clerk of the Executive Council
- George Didsbury, Government Printer