A.M.P. SOCIETY
ANNUAL REPORT The outstanding features of the report of the A.M.P. Society which was read at the annual general meeting were as follows:—• 1. The Valuation of the Liabilities under the whole of the Society's Policy contracts has been based on an interest date of 3 per cent per annum. 2. The Investment cies Reserve Funds have* been increased by £500,000 to £3,000,000, provision for Accrued Taxation has been increased by £200, 000 to £500. - 000, and the book values of the Office Premises and other Assets have been further written down by a sum of £244,140 7s 7d. In addition, the special Reserve for Contingencies made in the Valuation Balance Sheet of the Ordinary Department has been increased by £850,000 to £1,500, 000* 3. The Business in Fores (Numbers of Policies) has increased: Ordinary Department from £640,097 to £657,904; Industrial Department from £886,441 to £927,778. Total £1,526,538 to £1,585,682. 4. The Business in Force (Original Sums Assured) has increased : Ordinary Department from £260,794,103 to £268,587,456; Industrial Department from £51,382,705 ta £53850,514. Total £312,176,808 to £322438,370. 5. The Business in Force (Original Sums Assured and Bonuses) has increased : Ordinary Department from £320,778,146 to £329,046,858; Industrial Department from £54,809*565 to £56, 948, 884 .i Total £375087,711 to £385,9195,742. 6. The total of the Assets has increased from £122,495,075 to £128,645,170. 7. Taxes amounted to £380,184. ~BT The, Cash Surplus Divided (including bonuses) amounted to £2, - 079,576 in the Ordinary Department and £409,717 in the Industrial Department—a total of £2,489,293. 9. The New Business amounted to £23,011,655 (Ordinary Department £16,927,863. Industrial Department £6,083,792.)
Overseas Appeal Board. The Overseas Appeal Board is to sit at Whakatane. on Wednesday 21 and Friday 23.
Welcome Rain. The" rain thai fell in recent days will wash fertiliser into tens of thousands of acres of Bay of Plenty grassland which have been topdressed during the recent fine weather.
pearing to-day). For the. town canvass collectors were appointed to operate during this week.
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Bay of Plenty Beacon, Volume 4, Issue 306, 16 May 1941, Page 8
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327A.M.P. SOCIETY Bay of Plenty Beacon, Volume 4, Issue 306, 16 May 1941, Page 8
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