Pixth — 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 735 policies, causing claims upon the Society amounting to £299)602, irrespective of Bonus additions, while the number expected according to tfce Tables used in estimating the liabilities would have been 1143» for afa amount Of £438,---97©, 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 received. The operations of the Society during the 41 years of its existence may be summarised 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 death 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 iw.Tureste«l to yield, ffcally 6 pci 1 cent. ixvt«2s?est. / ssets New Zealand— £l,273,sl4 . EDWAED W. LOWE, Eesident Secretary. Bbanch Office — Custom House Qixety, Wellington Foxton Agents— THYNNE, LINTON & CO. K. H. BARBER, ENGINFEE, and GENERAL BLACKSMITH. MAIN STBEET : . . FOXTON. A GOOD SHOER KEPT. TfiLAXMILLERS can have all re- •*- pairs exeevred quickly and at Personable Prices. Tacking. Bed and White Lend, and Insertion kept in stock. Piping Cnt and Screwed. Agest Fob THOMAS POWICK'S Excelsior Flax Stripper. Central Hotel, Next to the Theatre Royal, THE SQUABE. PALMERSTON NORTH MAURICE CRONIN, (Late of the Cricketers* Arms Hotel Wellington,) HAS taken over the ahove Hotel, and hopes to receive the same patronage bestowed upon Mr Car mody. Meals for early and late trains. JLles, Beers, Wines, and Spirits of tlie Best Brands Only kept in stock. First-class accommodation for Permanent Boarders and tbe Travelling Puhlic. j TniTOHETT WORDSWORTH STREET WELLINGTON. Maker of all Kinds of Dog Carts Buggies i-'pring Traps .Express Waggona Spring Drays Tip Drays Pole Drays, Business Carts J. F. will be happy to furnish prices for any vehicle on application by post. A I Work guaranteed*
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Manawatu Herald, Volume III, Issue III, 15 September 1891, Page 1
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387Page 1 Advertisements Column 4 Manawatu Herald, Volume III, Issue III, 15 September 1891, Page 1
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