New Zealand.

Feilding Star, Volume IV, Issue 2, 3 July 1893, Page 2

New Zealand.

account, j^lnV^^H^H^^^^U^B^Hß business, for the^d^^H^|^^^^^H|jH inent /Life In.snrance^^^^^^^^^^B? ginning with tliesn^^^^H|| of the .yarir, there is showtr'M^^Reen issued 2584 policies linclnding 19 TR the lives of Annuitants; assuring £642,10*1. The new annual premiums amounting to £19,444, while £2,295 was received inj the way of single premiums, which embrace the payvraents for the whale tefa ttf t|ie cotMWWr The total new premium* received (arupunted to £20,608, showing an increase Vjif £708 ' ;* while the gross premiums received exceeded those of 1891 jby 4*7,469, artld araoanted W >: W4lfflß. ' 'TK'e pur-chkse-mohey .on the annuity policies med^ioned, amounted to £8,840. The 4btal\ncome for the year, from all sources, showed an increase of £11,722 over that for the \previous year, afnd amounted to £342,617) One hyndred j ihou^rid six hundred knd thirty-nine n«mas was received as interest, whieb item showed an increase of i"4,260. Coming to l&e outgo side of the revenue arcount, we find that the claims preferrta for. deaths of assured perßonsamountydto£B4,B6fi, and those for endowment policies matured to £23,449. Twenty thousand one hundred and thirtyseven pounds was the cash paid for bonuses surrendered. The surrenders, in : eluding loans released by surrender; amounted to £28,152, being £5,089 less than in the preceeding year. The expenses of management, including^ commission and taxes, show a decrease both in amount and in relation to the preuHuai income In the latter case, the reduction" is over 1 per cent., while the total reduction for the last three years is close on 4 per cent., which is equal to a saving on> the present premium income of full £8,000 a year. The accumulated fund hns been increased by the year's operations by £182,501, and at the end of the year amounted to £1,980,297. The\ tables giving the statement <^f the business as at the end of the year, show ttm«| as compared with the previous year, less policies have run off the books, the improvement being no less than £72,579, the decrease in the policies lapsed being a marked feature. The permanence of the new business obtained is one of the things desired by life companies, and it is sbtis^ factory to note that the amount oftf^MMg increase* of the business has Jj/^^^^^L timtpnsh' irppj-oviii* Tor soinj^^^^^^f Attße end of (heyear\tlie^^^H^^^H in force on 80,316 policiyflHHH^^H in addition to reverj|^^^^^^HH| £544,697. JHHIIIIHIMIII