AUSTRALIAN MUTUAL PROVIDENT SOCIETY.

Kumara Times, Issue 2109, 2 June 1883, Page 2

AUSTRALIAN MUTUAL PROVIDENT SOCIETY.

The thirty-fourth annual report of the Australian Mutual Provident Society has reached ua. It was presented to members at the annual meeting in Sydney on the 25th ult. The report states:— “The transactions of the year 1882, upon which yonr Directors have to report, are unprecedented in amount, the new business being in excess of that of any previous year. During the twelve months ending 31st December, 1882, there have been received 9540 proposals for sums amounting to £3,333,044, of which 3074 were declined, withdrawn, or not completed, amounting to £1,110,503; leaving 6466 proposals accepted and completed, assuring £2,222,541. This business includes 234 non-parcipitating policies, assuring £80,777. The new premiums amount to £92,564 16s 2d, of winch £19,192 12s 4d represents single payments. Claims have arisen under 554 life policies by the death of 318 members, amounting to £178,115 0s Bd, including £22,851 for bonus additions. Thirtynine endowment assurances have also

matured, amounting to £20,764 2s, including £5764 2s for bonus additions. The Accumulated Fund has been increased by £520,398 15s lid, and now amounts to £4,349,584 Os lid. The nnmber of policies issued since the establishment of the society to the 31st December, 1882, is 71,935, assuring £26,217,712, of which 21,223 have been discontinued, leaving 50,712 existing policies, assuring £18,586,094. The annual income from premiums amounts to £621,929 12s Id, and from interest to £263,565 13s 8d; making the total annual revenue of the society £885,495 5s 9d.