Page 3 Advertisements Column 4

Auckland Star, Volume I, Issue 265, 15 November 1870, Page 3

A USTEALTAN MTJTUAL PROJ_\_ VIDENT SOCIETY. Established 184 9. FOR MUTUAL LIFE ASSURANCE, &c, without personal liability. Principal Office : New Pitt-street, Sydney. The Spceial Advantages offered by this wellestablished Society are— 1. UNDOUBTED SECURITY.—On the 28th Feb., 1869, the ascertained total Liability of the Society wfts £453,000 while the Accumulated Assets were .. 602,046 Showing a Clear Surplus of .. .. £149,646 There is also over and above the Assurance Fund, the additional security of a Special Reserve Fund of £50,000. At the above date the Society had in hand equal to 70 per cent, of the entire Assurance Premiums received from members. 2. LARGE BONUSES.—Because being a purely Mutual Office, the entire Profits belong to the Assured, and have not to be paid away in Dividends to Shareholders. The total Reversionary Bonuses declared by the Society amount to £485,000. Members of the Assurance Branch can obtain the value of their Bonuses in Cash, or appropriate them to a reduction of future Premiums. Premiums may be paid Half-yearly or Quarterly. Should a member die during the days of grace whilst the premium is unpaid, the Policy will still be valid and effectual. PROFITS DIVIDED EVERY FIVE YEARS. LOANS, within the Surrender Value, are granted to Members on the Security of their Policies. SURRENDER VALUES are granted after a Policy has endured Three Years. Conditions for Residence and Voyaging Most Liberal. The Australian Mutual Provident Society Is a purely Mutual Life Office, Local to Australia and New Zealand, not confined to one Colony, but common to all; Local to each Colony, but not restricted to any, and operating upon a broader basis, is therefore . Safer than an Office confined within narrow limits: Is a Life Office having a large number of Policy holders in New Zealand, and investing its Revenue from that place in the Public Securities of the Country. The Assets of the Society comprise New Zealand Debentures to the value of £64,000: Was Established in 1849, and it has successfully passed through the ordeals to which all new Life Offices are exposed. Having completed the Twentyfirst Year of its existenc6, it has achieved a position of Stability and Affluence unexampled in the history of Life Offices: Its Accumulated and Invested Fund exe'eeds £700,000: Its Income is over 200,000 a year. THE PROFITS BELONG EXCLUSIVELY TO ITS MEMBERS. From the magnitude of its resources it is enabled to declare LARGE BONUSES: The Sources of Profit are increased by the high rate of Interest obtained on the Invested Funds, also by the difference between the margin provided for Expenses, and the low rate of Expenditure actually incurred by the Society, an advantage incidental to a large Business, Neither of Which can Exist in a New Office: The Annual Revenue was increased by £32,236 from New .Assurances effected in the past year, a rate of progress which entitles it to rank with the First-class Assurance Institutions of the United Kingdom. EXAMPLES OF BONUS. The following examples show the total Bonus Additions to the Policies of £1000, under Table A, up to 28th February, 1860 :— §v eS urt o a b .-. .SS *•:. 0.2 S.S |.| fH T3.8 ■-"« •*"&_ •-'*_ o <!m m<i <n<l ia< a gg. &t it i.i * && St. Sm ■*« 26 £1010 16 4 £395 9 1 £161 11 3 £45 13 6 35 1190 4 6 473 15 7 | 199 4 7 51 4 1 39 1285 16 0 503 18 9 214 6 3 49 11 11 42 1245 9 0 540 5 Bl' 221 8 2I 51 18 1 50 _1347 910 026 7 4 272 1 8I 73 19 1 Forms of Proposal and every information may be obtained on application to MR. H. GILFILLAN, Agent for Auckland. ALEXANDER J. RALSTON, General Secretary. A TJSTEALIAN MUTUAL PROJ\_ VIDENT SOCIETY. Established 1849. FOR MUTUAL LFE ASSURANCE, Ac. Mr. W. A. Thomson, Travelling Agent for this Society, is authorised to SOLICIT Proposals for Life Assurance in Auckland. j ALEXANDER J. RALSTON, General Secretary. Principal Office, Sydney, November, 1870. , : j TO LET—Extensive PREMISES in Queerstreet, suitable for manufacturing purposeF. —Apply at the Stab Office. ... !