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Bay of Plenty Beacon, Volume 05, Issue 77, 13 July 1942, Page 2

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ANOTHER OUTSTANDING YEAR

\MAZiX(; Xi'T\V IJUSIN'KISS

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Jt is disclosed by lite IWnl annua' "eporl of Liie Australian Muliia! I'rovidcnl (A. il. I\) Society for the year iJ)i 1 that public confidencc in liiis well known msi i 1 u I ion has been iiiily maintained and the figures published arc a striking tribute to this, the largest mutual iii'e olVice m the British Kmpire which from strength to strength. In spite )f depletions of l)oth indoor and outdo'.)!' male sin (I owing to war .service, the Xew Business written c;inin;>; the year, £117.JM),0-17, represented an increase of nearly £.■),(;;)!)- J(H) ever the figures for Business in force (original .sums assured and bonuses) has increased from £385,i/9i5,7-12 to £-1U2,07(i,25.), and as-' sets from £128,(5-15,170 to £135,131,27i) willi a combine Premium lievenuo exceeding £11,000 per annum. In pursuance of the management's policy of recognising a responsibility to ensure that the Society's great resources should effectively assist the National War Effort, tiie Society has, since the outbreak of war, contributed nearly £20,000,000 to National Loans in Australia and New Zealand by way of cash and conversion. In the best Liberty Loan in Xew Zealand, the Society was the largest contributor with £500,000 and policy holders may rest assured that their contributions are being utilised to the best degree in their own interests and that 'of the country in general. Never before in the history of Life Assurance have the benefits of Lift* Assurance been more manifest and never before have such problems and unforeseen contingencies had to be faced as under present abnormal conditions. Concrete evidence of such benefits is illustrated by the fact that the Society lias already paid to soldiers' dependents by way of claims during this war the impressive total of £850.000. With total special reserves for contingencies amounting to over £8,000,000 which amount, of course, is earning interest for the benefit of policy | holders generally, it is comforting for its members to realise that the Society is in a stronger position to meet any eventuality than ever before at any time in its history. In spite of all adverse conditions the Society i.s in a position to distribute a cash surplus of £1,079,81(5 in the Ordinary Department and £192,514 in tiie Industrial Department—a total of £1,272,330. In view of tlie fact that there are more than .1,(500,000 policies on the books of the Society, among all sections of the community in the Commonwealth of Australia and New Zealand, and in view of the peace of mind enjoj-ed by those policy holders in the lull knowledge that their interests are adequately safeguarded and protected, it would indeed be difficult even to estimate the great an healthy influence which the Society's operations have on the welfare and morale of the community at large in these troublous time:; of stress and strain.