Page 1 Advertisements Column 2

Manawatu Herald, 1 March 1892, Page 1

AUSTRALIAN MUTUAL PROVIDEM SOCIETY. ESTABLISHED 184fl. The OMest Mnual L'fe Office in Australia. New Ziulnnr] Esr nch : Heed Office Custom -bonbe QnajV We!» lingten, | Local Board of Di rector a : The Hir\ Morgan P. Circce, M.P.,C.M.G., i\l I. (.'.. (Chairman). Charles J. Johnston. K«q. (Deputy ChairmaL). A'frerl rle Ba»l*e Brandon, Esq. The Hop. Edward EicbarcTacD, C.M.G., . M.UIS. Nicholas l<eid, Etcj. Medical Officer : D . W. G. Tvemp, M.B.C.S (England). * ASSURE your life in iho Australian Mutual Provident Society, nnd seenre nn Anivial Bonus or Dividend, a jirivilpgo which nootlicr Colonial Life Offioo cai fjrant Us members. Be enreful th«t you s^hct this Society, anrl do not be Misled by tho similarity of Name of pome of the other younger Australian Offices. The attention of the-Members and the General Public is called to some of the special features connected with the s ocif>tv, which is th« oldest Colonial Institution of its kind, having been established in the year 1849. The results of tho business for the Forfy-fivsfi year, ending 31st December, ' 1880. "may be summarised as under : — iri RST — The number of the new policies issued was 11,004. j Rboox'd— Thenew Asanrnnco I'iisi,- I ness effected v. as for £8,07»,460. Tnißii — Tho new Annual Premium Income amounted to 2121,800. Foirm'iv — The net increase to the business, aft or Allowing for loss of income from terminated Policies, was represented by 7028 policies,assuring £2,109.109. " Fn-TH— The operations of tho year raised the annual income o£ »he society from .£1*512,280 to A'l,fi2S--185. nn increase in twelve months of £112,905. ! > c ixth — '' he accumulated fnnd was I increased during 1 the year by the sum of £742,811, equal to 71 per cent, of the gross premiums re-' ceived. Seventh — The deaths amonglives assured were 049 under 78^ 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 £488,976, the 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 f 188,952. 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 percent, on the premiums received. The operations of the Society during the 41 3'ears of its existence may be summarised as under — It bas issued X41,907 policies, assuring £49,417 9 71 I 7« It has paid to the representatives of deceased ruembera over £4 t 000,- --, 000 in satisfaction of death and I matured claims. i It has divided nmong the members ensh bonuses aggregating over £4,OOOjOOO, yielding recessionary additions of over £8,000," 000. It haa acquired an Accumulated EunA of £9,000,000, all invested to yield fully 6 pev cent* interest. ASSETS— New Zealand-£1,273,514. EDWAED W. LOWE, Besident Secretary. Branch Office — ■Custom House Quay, Wellington. Foxton Agents— THYNNE LTNTON & 00.