In yesterday's SUNDAY SUN, a story on Page 5A under the headline: COB Wants Overhaul Of Co-operators General, incorrectly summarised the statement in
a portion of the report of the board of directors of COB.

What the board said was: "Our investment in this company continues to be a source of concern for the board. During the year, the board considered a request from the company for a further injection of capital and therefore called for a comprehensive review of the operations of the company as part of the due diligence process.

"The board remains cognisant of the tactical importance of the company to the credit union movement and is committed to the acquisition of additional investment where such is justified based on the company's future viability."

Meanwhile, Co-operators General is expected to issue a statement today addressing matters related to its financial health, and pointing out that since a $1.9 million loss in the financial that ended on May 31, there had been growth. In fact, unaudited figures for the year ending May 31, 2005 "show remarkable improvements" the company will point out.