Seok To Promote
Investment Firm
He&ary L. Ayre, Joseph Frost
and Clarence E. Courtney, of the
American Bankers Mortgage and
^Corporation of Anchorage,
toe been in town the past week
on business of the firm.
Mr. Ayre and his associates were
toe last year representing First
Alaskan Investment Company. The
latter company in recent years,
financed and began its first subsid
^».y, the Life Insurance Company
I
of Alaska, after conducting a ter
ritory-wide stock sale of $£000,000.
According to Mr. Ayre, the new
life insurance company has suc
ceeded in creating a stir in the in
surance world by selling $10,000,
000 worth of insurance in the first
eight months of its operation. It is
known as LICA, an<* has stated it
will make 100% of its investments
within the territory. “Kodiak may
well feel the effect of this new
source of investment capital as the
rapidly growing industry continues
to expand,” according to Mr. Ayre.
“Although opposition to both
the investment company and to
the life insurance subsidiary was
pressed sharply by some corapetl
tive organizations and financial
groups,” according to Mr. Ayre,
“Tom S. Browder, president of the
investment and life companies
stated 'Our Certificate of Auth
ority to engage in the life insur
ance business was issued by the
insurance commissioner after n
prole" ™ ' full scale investigation
proved that our promotion was
honest, our finances correctly
handled, and our personal back
grounds above reproach.”’
NOTICE
If you can not gel us on phone
3131, call 4303 for oil delivery. Of
flee hours, 1 p.m. lo 5 p.m Moo
day through Thursday, 1 pjh. to 1
p.m. Friday.
THOMPSON TBANSFE*
NOTICE
The new telephone number of
Fred Copsey is 3602. tfn
NOTICE
The Christian Science Society
in the Chapel Annex on the Base,
of Kodiak holds services & Sun
day School every Sunday at 11 a.m.
NOTICE
Persons apprehended for break
ing into the buildings at Long
Island will be prosecuted to the
full extent of the law.
(signed) Tom Gallagher
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