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AUSTRALIAN MUTUAL PROVIDENT SOCIETY. Established 1849. FOR MUTUAL LIFE ASSURANCE, &c, •WITHOUT PERSONAL LIABILITY. Peincipal Office: New Pitt-street, Sydney. nnHE special advantages offered by this wellJ_ established Society are— 1. UNDOUBTED SECURITY.—On the 2Stlv Feb., 1869, the ascertained total liability of the Society was £453,000 While the accumniulated assets were ' 602,646 Showing a clear Surplus of ... £149,646 There is 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. L 4RQ-E 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 dnys of grace whilst the premium is unpaid, the Policy will still be valid and effectual. PROFITS DIVIDED EVERY W?--, YEARS. £ LOANS, within the Surrender Value, ai» ■ 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 i • Most Liberal. THE AUSTRALIAN MUTUAL PROVIDENT -SOCIETY. Is a purely Mutual Life Officp, Local 1~0 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 largo numbei* of Policy holders in Now Zealand, and investing its Revenue from that place in the Public Securities of the Country. The Assets of tho Society comprise New Zealand Debentures to the value of £04 000. Was established in 1849, and it has successfully passed through the ordeals to which all new' Life Offices are exposed. Having completed the Twenty-first Year of its existence, it has achieved a position of Stability aud Affluence unexampled in the history of Life Offices. Its Accumulated and Invested Fund exceeds £700,000 Its Income is over ... 200,000 a year. THE PROFITS BELONG EXCLUSIVELY TO ITS MEMBERS. From tbe magnitude of its resources it is enabled to declare LARGE BONUSES. The sources of profit are inci-eased by the high rate of interest obtained on the Invested Funds, also by the. difference between the margin provided fo.r.i Expenses, and the low rate of iexpeiulitiir-iiactituUy incurred by the Society, an advaAt/igc incidental to a large Business, , •• Neither of ■which can Exist ik 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 : — a> 3 i o » oiS ! . B ' t- 2° i So 23 S3 "2 ° 3 . i •£'■« J Sl'?* I S =: 3 : pi 2 ~2 *~ 2 "3 7n< I %< ■ i^ S* g, 8 3 IS |l is %'A j SW Sh «sM 2<i £1010 10 4 £395 !) 1 £l(il 11 .°» £4f?'l3 (i 85 1190 4 0 473 15 7 109 4 7 51 4 1 39 128f> 1(1 (i 503 18 0 214 C 8 49 11 11 42 1245 9 0 540 ;~> 8 227 S 2 51 IS 1 50 1347 910 020 f 4 272 1 8 73 1!) 1 Forms of Proposal and every information may be obtained on application to MS. H. GILFILLAN, Agent for Auckland. 7, Queen-street. THE EAT-KILLER ! ! THE EAT KILLER ! ! mHE only sure REMEDY for destroying X RATS in Auckland is WHITLAWiS AMERICAN RAT DESTROYER. Thi3 Paste is Poison to Rats and Mice ■without fail. One trial will satisfy anyone who is troubled with such vermin. To be had ONLY at my Establishment, Pitt-street. * The Poisons imported from Home are iiseless on account of the'eea voyage. My RATDESTROYER does NOT contain any PHOSPHOROUS. Manufactured at my Laboratory, Pitt-street, j • Auckland. { j Is3P° ote tae Address— THE EED GLOBE LIGHT. Sold in boxes at 6d., Is., Is. 6d., 2s. 6d. I Sold wholesale at the above prices less 25 1 per cent, for cash.

Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/AS18701202.2.22.2

Bibliographic details

Auckland Star, Volume I, Issue 280, 2 December 1870, Page 3

Word Count
736

Page 3 Advertisements Column 2 Auckland Star, Volume I, Issue 280, 2 December 1870, Page 3

Page 3 Advertisements Column 2 Auckland Star, Volume I, Issue 280, 2 December 1870, Page 3

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