Fixth— The Accumulated Fund was increased during the year by the sum of £742)311 equal to 71 per cent of the gross premiums received. Seventh— The deaths among lives assured were 649 under 73S 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 amount of £438,---976) the mortality experience 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 per cent, of the total receipts. Tenth — The cash surplus divided for the year 1889 was £426,494, being at the rate of 41.5 per cent, on the premiums reocived. The operations of the Society during the 41 years of its existence may be summar ised as under — It has issued 141,907 policies, assuring £49,417,717. It has paid to the representatives of deceased members over £4,---000,000 in satisfaction of i donth anp matured claims. It has divided among the members cash 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 iyrvestecL to yield fully 6 per cent. intevesti / psets Now Zealand— £l,273,sl4 EDWAED "W. LOWE, Eesident Secretary. Branch Office — Custom House Quay, Wellington Foxton Agents— THYNNE, LINTON tv CO. B. F. BARBER, EKGIN! EE, akd GENEEAL BLACKSMITH. MAIN SHEET: .. FOXTON. A GOOD SHOEE KEPT, FLAXMILLEES can have all repairs execu'ed quickly and at Bcasonable Prices. I acking, Bed and White Lend, nnd Insertion Lept in stock. Piping Cut and Screwed. Agent Fob THOMAS POWICK'S Excelsior Flax Stripper. Central Hotel, Next to the Theatee Royal, THE SQUARE, PALMERSTON NORTH MAURICE CRONIN, (Late of the Cricketers' Arms Hotel Wellington,) HAS taken over the above Hotel, and hopes to receive the same patronage bestowed upon Mr Car mody. Meals for early and late trains. Ales, Beers, IHTines, and Spirits ofthe Best Brands Only kept in stock. First-class accommodation for Per* manent Boarders and tbe Travelling Fublic. j piTCHETT "WORDSWORTH STRFET WELLINGTON. Maker of all Kinds of Dog Carts Buggies ? pring Traps Express Waggons Spring Drays Tip Drays Pole Drays, Business Carts J. P. will be happy to furnish prices for any vehicle on application by post. A I Work guaranteed,
Permanent link to this item
Hononga pūmau ki tēnei tūemi
https://paperspast.natlib.govt.nz/newspapers/MH18910912.2.2.4
Bibliographic details
Ngā taipitopito pukapuka
Manawatu Herald, Volume III, Issue III, 12 September 1891, Page 1
Word count
Tapeke kupu
390Page 1 Advertisements Column 4 Manawatu Herald, Volume III, Issue III, 12 September 1891, Page 1
Using this item
Te whakamahi i tēnei tūemi
No known copyright (New Zealand)
To the best of the National Library of New Zealand’s knowledge, under New Zealand law, there is no copyright in this item in New Zealand.
You can copy this item, share it, and post it on a blog or website. It can be modified, remixed and built upon. It can be used commercially. If reproducing this item, it is helpful to include the source.
For further information please refer to the Copyright guide.