The Pamphlet Collection of Sir Robert Stout: Volume 78
Establishment of Department
Establishment of Department
he Department was established at the instance of the late Sir Julius Vogel in the year 1869, at a time when the lamentable failures of two well-known British offices, the Albert and the European, had drawn public attention to the need for greater security in life assurance. The actual working of the office began in January, 1870, and it has therefore been over thirty-six years in existence.