Thank you for correcting the text in this article. Your corrections improve Papers Past searches for everyone. See the latest corrections.

This article contains searchable text which was automatically generated and may contain errors. Join the community and correct any errors you spot to help us improve Papers Past.

Article image
Article image

AUSTRALIAN MUTUAL PROVIDENT SOCIETY. Established 1849. FOR MUTUAL LIFE ASSURANCE, &c, without rebsonae liability. Principal Ofiice: New Pitt-steeet, Sydney. THE special advantages offered by this wellestablished Society are— 1. UNDOUBTED SECURITY.—On the 28th Feb., 1869, the ascertained total liability of the Society was... ... ... £453,000 While the aocummulated 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. 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 premiuift 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 pnrely 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 M-ithin narrow limits. Is a I ife 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 tho 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 Twenty-first Year of its existence, it has achieved a position of Stability aud Affluence unexampled in tho history of Life Offices. Its Accumulated and Invested Fund exceeds i.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 oh the Invested Funds, also by the difference between tho margin provided for Expenses, and the low rate of expenditure actually incurred by the Society, an advantage incidental to a large Business, Neitheb 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 :— t. 2§ 'it ii S.l ' _ 5 33 £33 £'-3 gig w , -S -.'-S a2 ""S £- -a3 -a 3 ,52 -S3 "s "I ' £1 o§ £§ §M S« S« UN 20; £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 6! 503 18 9 214 6 3 49 1111 42 1245 9 0 546 5 8 227 8 2 51 18 1 50! 1347 9 101 626.7 4 272 1 8 73 19 1 Forms of Proposal, and every'information may be obtained on application to, , j , ,',.'.", .',' /MR. H. GII/FILLAN,. ; . | Agent for Auckland. :7, Queen-street. Auction Sales. THURSDAY, DECEMBER 8. CHRISTMAS /PRESENI S.i AND NEW YEAR'S GIFT. Si _~ . E. & H. ISAACS j , Will sell by auction, at their Stoi-e, Fort-street, on Thursday, December 8, at 11 o'clock |>ronipt,. ( 97 C A. ,.."'&:'■' ' E '■"'i "'{3, /Q I comprising— Box and other Toys, a: very large assortm'entof Ladies' and Gents' Travelling Bags and Companions, in very elegant designs, Lustres in Ruby, Pink, Emerald, Aqua, Marine; and 'other new colours, Cut Drops, Pomades, Hair Oils, Comb and Brushware, Fancy Stationary, Im. Meerschaum Pipes, ■Etc.;,: ■_*.'_""•"'"•" Etc." ■ • The attention ot the Trafie and Pea,lersgenerally is specially called to this sale, it being an extensive and seasonable-one. ■' • '.-■•'«*

Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/AS18701207.2.21.4

Bibliographic details

Auckland Star, Volume I, Issue 284, 7 December 1870, Page 3

Word Count
722

Page 3 Advertisements Column 4 Auckland Star, Volume I, Issue 284, 7 December 1870, Page 3

Page 3 Advertisements Column 4 Auckland Star, Volume I, Issue 284, 7 December 1870, Page 3

Help

Log in or create a Papers Past website account

Use your Papers Past website account to correct newspaper text.

By creating and using this account you agree to our terms of use.

Log in with RealMe®

If you’ve used a RealMe login somewhere else, you can use it here too. If you don’t already have a username and password, just click Log in and you can choose to create one.


Log in again to continue your work

Your session has expired.

Log in again with RealMe®


Alert