Page 1 Advertisements Column 2

Manawatu Herald, 27 February 1892, Page 1

AUSTRALIAN . MUTUAL PROVIDENT SOCIETY. ESTABLISHED 1849, Tbe O'.deat Mutual Life Office in Australia, New Zealand Branch : ' Head Office, Custom-house Quay, Wei* lington. Local Board of Directors : The Hon. Morean S. Grace, M.D.,C.M.G., MIC, (Chairman). Oharleß J. Johnson, E*q. (Deputy Chair. man)'. AtreA de B<»**> Brandon, Esq. The Hon. Edward Richardson, C.M.G., M.HR. Viobolas 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 Ofldoe oan grant its members. Be caTefol thftt you select this Society, and do not be Misled by the similarity of Name of pome of the other younger Australian Offices. The attention of the Members and the General Publio is called to some of the special features connected with the Society, which is the oldest Colonial Institution of its kind, having been established in the year 1849. The results of the business for the Forty-first year, ending 31st December, 1889, may be summarised as under : — Fibst— Tho number of the new polioies issued was 11,664. Second —The new Assurance busi* ness effected was for £8,679,459. Third— The new Annual Premium Income amounted t0£121,800. Fourth— The net increase to the business, after Allowing for jois of income from terminated Policies, was represented by 7028 policies,assnring £2,109,199. Fifth— The operations of the year raised the annual income of the sooiety from £1 512,280 to £1,625---185, an increase in twelve months of £112,905. Pesth — 'i be accumulated fund was increased during the year by the sum of £742,811, equal to 71 per oent. of the gross premiums reoeived. j Seventh— The deaths amongjiyea assured were 649 under 785 policies, causing claims upon the Sooiety amounting to £299,602. irrespective of Bonus additions, while the num- 1 ber expected according to the Tables uded in estimating the liabilities would have been 1143, for an amount of £488,976, tbe mortality experience being thus extremely favourable. Eighth— The receipts from interest and rents were £516,882, an amount exceeding the sum paid for the claims by £188,952. Ninth— The expenses of management were only 9.5 per cent, of the total reoeipts. Tenth— The cash surplus divided for the year 1889 was £426,494, being at the rate of 41.5 percent, on the premiums reoeived. The operations of tbe Booiety during the 41 years of its existence may be summarised as under — It has isßned 141.007 policies, as•nring £49,417,717. It hat paid to the representatives of deceased raemhers over £4,000^ 000 in satisfaction of death and matmed oUitne. It has divided among the members oaah bontmes aggregating over JB4»> 000,000, yielding Teve i sion»ry additions of over j£8fOOO," OOO* It has acquired an Accumulated Eund of £8,000,000, all Invested: to yieltiL fully 6 per cent* interest, ASSETS— New Zealand- £1,878,614. EDWARD W. LOWE, Resident Secretary. Branch Office— .• . Custom Hpuse Quay, Wellington. Fo«ton Ageuts— fcHVNUE USTON * (10,