Page 1 Advertisements Column 2

Manawatu Herald, 5 March 1892, Page 1

AUSTRALIAN . F/tfTUAL PROVIDENT I SOCIETY. ESTABLISHED 1849. The Olclgrl Mniual Life Office in Australia. .Kpw Zealand Be .nuh : Head Oflic\ Owftttb-houße Quay, Wellington. Local Board of Directors i The Hop. Morpnn S. Grace, M.D./J.M.G., ML iX. {Chairman). Charted Johnston, Esq. (Deputy dhairIttUi.). A%ed 'le Bathe Brandon, Eaq. The Hon. I<M ward Richardson, 0.M.0., M.HJR. Nicholas 'ReW, Seq. Merlical Officer : Dr. W. H. Kemp, M.R.C.S. (England), ASSURE yftuv Hfo in the An»traiia.ll Mntnal Piwidont Society, "i'A secure n\i Amnal lionns' or Dividend, n privilege which uootbor Cttloiiial Life Office en grant its members, . Be careful that you select this Society, nnd do not be Misled by tho similarity of Name of fomo of the Other younger Australian Offices. , The attention of tho Members and the General Public is called to some of tbe special features connected with the H ociety. which is th« oldest Colonial Institution of its kind, having boon established in the year 1849. The. results of the business for the Forty-first year, ending 31st Decem- , her. 1889. ' may be summarised n s under : — First— Tho number of the now policies issued was 11,664. Second— The new Assurance business effected was for £8,679,459. Third -.The new Annual Premium Income amounted to £121,800. Fourth — The net increase to the business, after blowing 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 jgl 512,280 to £1,G25. 185. an increase in twelve months of £112,905. Fjxth — '' he accumulated fund was increased during the year by the sum of £742,911, equal to 71 per cent, of tbe gross premiums received. ' Seventh— The deaths among lives assured were 649 under 785 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 £516,882, an amount exceeding tbe sum paid for the claims by S 188,952. Ninth— The expenses of management were only 9.5 per cent, of the i 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 years of its existence may be summarised as under — It haß isßued l^ljOOTjpolicies, assuring SJ^Oj^ITjTIT. It baa paid to the representatives of deceased jaeinbers over £4*OQO 9 » 000, in satisfaction of death and I xnatnied claims. ■ It has divided among tbe members cash bonuses aggregating over £4,---0009000900O 9 00O 9 yielding ro'ersion--1 ary additions of over £8,000,--000. I It has acquired an Accumulated Eund ' of £9,000,000, all invested to yield L fully 6 per cent, interest. ASSETS— New Zealand -£1,273,514. f * EDWARD W. LOWE, 3 Resident Secretary. Branch OfficeCustom House Quay, Wellington Foiton Agents — THYNNE LTNTON k CO,