LECTURE ON LIFE ASSURANCE.

Bay of Plenty Times, Volume IV, Issue 312, 4 September 1875, Page 3

LECTURE ON LIFE ASSURANCE.

Mu W. A. Thomson, lecturer and agent to flic Australian Mutual Provident Society, gave an instructive and entertaining lecture on Tuesday evening, at tU' Temperance Hall, Taurauga. E. Edge umbo, Es(|. t J.P., occupied , chair, -who, in ijitroduciiig the nicer, said: it afforded him much

.asuro to preside as chairman at tills important a subject, and it was the day of all to make provision for their families or for themselves at ,a lixei ape, and that the well-being lof soiety depended muck on Life Assimuco being understood, and rc(Oiimrudod tho audience to give great id (on fun to the lecturer. Mr Thomson, on coming forward, slid: Mr Chairman and gentlemen, tie lecture I shall have tho pleasure oi giving you this evening is upon ' Ido Assurance. Ju doing so I shall endeavour to make popular and iinderslaiduide much that lias been locked . uj. in the libraries of tho learned and to rescue from a deluge of mathemat'ual formula) or scientific mystiiieatim, gems from the great authors who hive raised the science of Life Assur-aic-e to wlait it is. If I succeed, I shill consider I have lout service to lie. cause I have espoused. Py dia-o-viiu illustrations 1 shall exhibit n i toyou flic progress ox this vast coojevativo society the Australian Mu mil Provident. Mr Tlioinsou then ephined tho various tables, showing tint the total amount of reversionary bin uses declared by tho society to h

Ime million one hundred thou j pmnds, and that the bonus ecu ! tacen iu cash, used for the m I of premiums, or added to th i at the option of the moiubc ; tint Table J. in tho Soviet | p.ftu.s made the amount p | tie assured himself on attaini aga say 50, 55, or 00 ; ai.uuahon fund fo' , giaiu showing the 0 !)!' v heiuht tv illy explain^; 10 assui'c'il vgy

ssuraiiei'. an 0t lined, from > the vvemiv ofts '- ic oiiiee luidlf.jg i ad tluit aniidg p uv prenunrk, p ■olieies are lot ig uless t)w npaA b'i A nioj! 0 r value (d u p •>U'ted- bii;.hp v i i! iv tiincvitlii- • v (-ood Hyalth. \ u-euiuifp in yu: : !u , expirdtior ■ mli-v ber-o, tlio‘ acy^ r M i ;hc Le>ei'.\> i s dm :t slbL’yc

as applied to Life and was [is follows, viz.;—

And by a deposit of/20,000 with the Public Trustee ia Aow Zealand, that Government, upon registration oi policy, guarantee all poliems issu d m Now Zealand. T3»e total sum invested in tliis colony’s debentures amount to £ 167,1)98 7s. 10d. The lecturer explained tbat all policies were protected from hanhruptc}' by the Society a Special Act first introduced m for tills a* icictv, and afterwards adopted (vMim) in'New and that tho Australian Mutmd Provident Hocletv from its commercial position, was aide to older a liberal and advanced policy, very advantageous to intending assurers ; an imitation of its liberality miulit bo offered by institutions, but never equalled, and it behoved tho assuror to inquire well into its merits, in order to appreciate a society that had succeeded in accomplishing so muck i>a the ad.\am enu nt of Life Assurance upon a sound principle. Tho Endowment Table for children was fully commented on and showed how quickly small sums of i : mey would, irucijiy at compound interest for the boneJlt of the child. The lecturer dwelt on the ad\isabilit\ of Life Assurance, and tho nrg_n: necessity for tho father of a family to mab‘' this in good health ; it mis the pvoudini i arm a gem out of resources ip l u i ( coming contingency, an act of nm £ u b |. prudence, and forethought. anecdotes brought the lecture o a close. , , , Mr Ik)dell propmod a vote ot thanks to Mr Thomson, tie lecturer, . ing Iris great satisfaction 10 | maun or in which lie subject had -'ini I treated. trim chairman p ut d I , L j meeting, and it was carried nnmu j moil sly.' Mr Thomson responbb ;mu, proposed, a vote of Thanks to Mi lR i-> eumbe, ami the ni ting teriulmm T.IIK VIhSEY KWAP” 01\ V The Iklfad Xm-r drawing atteuti the Pari shrunk immigrants, expected ar speaks b tile inr >Stew

lie tendered to >1? Stewart tlie respect he was entitled to. (Hoar, hear.) lie regarded him as a Amnd and a patriot —the* lover of Ins u^uitl'y.• In ret urning thanks Mr Slew artsaid, “lie thought he MemM be acting unjustly if he didn’t then exprw- his thanks to the representative of the Kew Zealand Government in the Aorth of Ireland, Mr Cochrane, who had given him the most valuable assistance in carrying out the details of the immigrant scheme, a scheme which, if successful, as it must be, was only tin'- pioneer of a far greater system of emigration/''

IS or should we l< irgi't a word of thanks to an old and ‘'i-Wmimd Auckland citizen, .Mr Samuel Cochrane, for the service be has done the province in assisting ns to sutli valuable settlors as Mr Stewart and party.

AS& T3 ‘ £ d. Loans on mortgage e ’ v South Wales, VictoLb and Queensland 410,518 id 0 Loans on the Society V { °* lc iw (within their ei# or; aer value) - 0 126103 11 investments— In New South Wales t*cven..imeat Debentures ... 141,430 8 < In New Zealand Gov# Inej W Debentures 1 ('7,903 7 10 In Queensland GoW- i!l ’* eiii - : Debentures 203,305 13 8 In South Australian $omni.ui'ii! Debentures ... 21,021 1 5 In Tasmanian. Guvf' !jmcJ d Debentures ... 7 6,1 CO 0 0 Freehold Pitt street ( !lC ' u l office) 1.3,168 6 2 Freehold Lam! (Scdstf am * Wellington, K.Z ) i . ••• Le a s e 1 1 o U1 p r o rn i a e s (A v 1 e 1 a5 d e ) Mortgages in liquidate 1 11,824 818 7,000 45 690 2 8 15 8 1 9 11 ]o Sundry debtors ... •••* 15 0 a Reversionary interest 19 Agents’ balances ‘i’ t ij vO Outs'amling premium * u ' Ul 8.G60 13 0 office ami branches Outstanding interest; 11,2U) 15 3 CAS it — On deposit with banD 291,500 0 0 On current account: vn ! " tlm society's bankers (iiCad G 17 10 o office and brunches) ID .530 0 In band £1,51181) 17 a 0