Page 1 Advertisements Column 2

Manawatu Herald, Volume III, 23 April 1891, Page 1

AUSTRALIAN MUTUAL PROVIDENT SOCIETY.

■"ixth— The Accumulated Fund was increased during the year by the sum of -6742,311. eq»al to 71 per cent of the gross premiums received. Seventh— The deaths among lives assured were 649 under 735 policies, causing claims upon the Society amounting to £299)602) irrespective of Bonus additions, while the number expected according to the Tables used in estimating the liabilities would have been 1143, for an arotrtmtof £438,---976, the mortality expsrience being thus extremely favourable. Eighth— The receipts from interest and rents were £516,832, an amount exceeding the sum paid for the claims by £138,952. Ninth— The expenses of Management were only 9.5 pev cent, of the total receipts. Tenth — The cash surplus divided for the yr ar 1889 was £428,494, being at the rate of 41.5 per cent, on the premiums received. Tke operations of the Society during the 41 years of its existence may be summarised as under — Tt has issued 141,907 policies, assuring £<__£?, 417,717. It has paid to the representatives of deceased members over £4,---000,000 in satisfaction of death anp matured claims. It has divided among the members i ash bonuses aggregating over £4,000,000, yielding reversionary additions of over £8,000,000. It has acquired an Accumulated Fund of £9 ; 000,000, all in-vested to yield, futlly 6 per cent, interest. / s?cls New Zealand— £l,273,sl4 EDWARD W. LOWE, Residexx Secretary. Br.VNcn Office — Custom House Quay, Wellington. Foxton Agents — | THYNNE, LINTON * CO.

ESTABLISHED .. .. 1849. The Oldest Mutual Life Office in Australia New Zealand Branch : Head Oflice, Custom-house Quay, Wellington.

Local Board of Directors: The Hon. Morgan S. Grace, M.D., C.M.G,, M.L.C. (Chairman). Charles J. Johnston, Esq. (Deputy Chairman). Alfred de Bathe Brandon, Esq. The Hon. Edward Richardson, C.M.G., M.H.lt. Nicholas Eeid, Esq. Medical Officer : Dr W. G. Kemp, M.E.C.S. (England). ASSTT.E Your Life in tho Australian Mutral IV* i- 1 rt T-'rcicty, and secure an Annuai Lonus or Dividend. \ privilege whi h ro other Colonial Life Office can giant is m emIt' rs. Ec careful that you Select This Sccieiy, and do not be Misled by th.c similarity of Name of some of the oilier younger Australian Ofiicc-p. The a'.lf-nvion of the Members and the Gi-nrral Public is called to pon.c of tl c special ffalures connrctcd wifh the Society, which i the oldest Colonial Jnstilufion of its kind, Laving bom established in the year 18.C. The results of thel-us-in.-ss for th.c Fortyfirst Ytar, ending 31st December, 1880, may bo summarised as under : — Fikst— Tlio number of the New Policies issued was _L_t,S© __. Second— Tlie new Assurance business effected was for _53,67 9,459. Third — 1 he New Annual Premium Income amounted to _Sl__l,BCO. Foci'Tii — The net increase to the business, after allowing for loss of income from terminated Policies, was represented by -7028 Policies, assuring £2,---109,199. Fifth— The operations of (he year raised the annual income of tlie Society from £1,512,280 to £1,625,---185, an increase in twelve months of £112,9C5.

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