Australian Mutual Provident Society
The thirfcyninfh annual meeting of the above Society will be held in Sydney on Wednesday next. The Directors' report states that during the year 1887 97(8 proposals were accepted, assuring the sum ■of £3,156,695. The new premiums amounted to £121,214 6s 3d, of which £12,530 18s represented single payments. The claims during the past year were £273.892183 sd, including L 49.892 18s •6J for bonus additions. One hundrpd and one endowment assurances also matured , amounting to L 44.737 6s, including L 13.137 6s for bonus additions. The accumulated fund has increased during the year by L83L646 6-*-2 d, and now amounts to L 7,468,246 5< sd. The number of policies issued since the estabu lishment of the Society to the 31st December, 1887, is 120,624, assuring L 42, 690,717. The annual income from pres iniums amounts to L 970.957 8s 7d, and from interest L 452.627 4s Bi, making the total revenue of the Society L 1.423,584 13s. The surplus over liabilities on December 31st, 1887, was L 614.325 18* -fid, The Directors have resolved to distribute a cash bonus amongst the members of L 375.343 7s Id. Amongst New Zealand Directors Mr C. J- Pharazyn has become disqualified, and Mr 6. M. Waterhouse, iYI .L C-, has been appointed *o fill the yacancy.
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https://paperspast.natlib.govt.nz/newspapers/FS18880515.2.17
Bibliographic details
Feilding Star, Volume IX, Issue 122, 15 May 1888, Page 3
Word Count
218Australian Mutual Provident Society Feilding Star, Volume IX, Issue 122, 15 May 1888, Page 3
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