THE PROGRESS OF THE A.M.P. SOCIETY.

Greymouth Evening Star, Volume XXXI, 26 March 1901, Page 4

THE PROGRESS OF THE A.M.P. SOCIETY.

The opening of a new century presents A favourable opportunity for reviewing the progress which the above Society has made during the last decade of the century which has just closed. The results which have been achieved are such as may well astonish even those who are most familiar with the working of our financial institutions, for it will be found that in every particular the strides the Society has made during the period under review are indeed phenomenal. During the ten years ending 31st December, 1900, an amount of over Five Millions sterling has been paid to the representatives of deceased members, in addition to a further sum of nearly a million and three-quarters in satisfaction of claims maturing within the lifetime of the recipients themselves. The profits annually allotted cash to die members during the same period uiiounted to considerably over four and a hajf millions sterling, being equivalent to an' addition of over nine millions to the sums originally secured by their policies.

If we now compare tho figures as at 31st December. 1890, with those for the year just closed we find an astonishing rate of progress iu all essential features of the Society’s operations. Tho number of policies in foroe has increased during the period from 101,340 to 161,554; tho sums Assured, including Reversionary Bonuses, from £40,500,568 to £57,000,000; the total annual income from £1,741,337 to over £2,300,000; and last but not least, the Accumulated Funds have increased from £9 736.673 to the astonishing total of sixteen and three-quarter millions sterling, an amount exceeding that held by any other ordinary Life Office in the British Empire.