Page 1 Advertisements Column 2

Manawatu Herald, 23 February 1892, Page 1

AUSTRALIAN /MUTUAL PROVIDENT SOCIETY. ESTABLISHED 1849. The Oldest Malttal Life Offioe in Auatiali*. New Zealand Brmch : ' V "' ijj"' lirigton./ _;•-■ ";;■■ •■"■ Local Board of^lJir^ctoi ■ : The HW.iMbrflan S. Ciraoe, Sf . D..C .M.G. , M.LCS., (Ghairinun). , ." # Charlei J; Johnston, Esq. (Depnty Chairman). / A'frefl de B»tbe Branflon, Esq. The Hon. Edward Riobardaony C.M.G., M.H.R. Nicholas Reid, Esq. Medical Officer ; Dr. W. G. Kemp, M.R.C.S. (England). ASSURE your life in the Australian Mutual Provident Society, and secure an Annual Bonus or Dividend, a privilege which no other Colonial Life Offioe can grant its members. Be carefnl that you setect this Society, and do not be Misled by the similarity of Name of some of the other younger Australian Offices. The attention of the Members and the General PuVic is called to some of the special features connected with the Societv. which is th* oldest Colonial Tnstitntion of its kind, bavinff been established in the year 1849. The results of the business for the Porfy-first year, ending 81st December. 1889, may be summarised as unfar: — First — The number of the new policies issued was 11,664. Second —The new AFSuranca-busi? ness effected was for £8,679,459. Third- The new Annual Premium Income amounted to £121,800. Fotjbth — 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 the year raised the annual income of the society from £1 512,280 to £1,625---185, an increase in twelve months of £112,905. p dcth — '' be accumulated fond was increased during the year by the sum of £742,811, equal to 71 per -Mit. of the groBS premiums revived. Seventh — The deaths amongliyes • assured were 649 under 785 p' ( licias, anoing 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 £488,976, the mortality experience being thus . extremely i favourable. , Eighth — The receipts from interest and rents were £516,882, an amount exceeding the sum paid for .be claims by i* 188,952. Ninth— The expenses of management were only 9.5 per cent, of the i total receipts. Tbotjh — The cosh surplus divided for the year 1889 was £426,494, being at the rate of 41 5 percent, on the premiums received, The operations ot the Society during the 41 years of its existence may be summarised as u^der— It hMfoaued 141,d07 poHcie., at■trios JS4O^IIT,7IT. It DM paid to the repreaeut»tiveg «f «frceiwri members ovei £4 } 000,--000 in inlisfaotion of death «ud matmed oUim». It baa divided among the members oisb tontines aggregating over £4»* OOO,C)OO 9 yielding re*. ai< n> ' ary addition* of over £8,OOO,» 000. 1 It has acquired an Accumulated Eun* ' of £5,000,000* *M invested to yield t fully 6 pev cent. intevest, ASSBTS—New Zealand- £1,278,614. f — EDWAED W. LOWE, 3 Resident Secretary. Branch OfficeCustom House Quay, Wellington. Eastern Agents— IHYNNE LINTON & CO.