Page 1 Advertisements Column 2

Manawatu Herald, 10 March 1892, Page 1

AUSTRALIAN MITIJAL PROVIDENI SOCIETY. ! ESTABLISHED 1849. The Oldest Mutual Life Office in Australia, i 2vew Zealand Branch : Head Offic •, Custom-house Quay, Wel« lingtcp- : Lwoul Board of Directois: The Hon. Morgan S. Grace, M.D.,C.M.G., M.LO,, (Chairman). Charles J. Johuß'on, .K?q. (Dopu'y Chairman). A-irert de BaO'e Bramlon, Esq. The Tlon. Edward Kichardson, C.M.G., M.H.R. Nicholas Keid, Esq. Medical Officer : Dr. W. G. Kemp, M.R.C.S. (England). A S^UPiE your life in the Austraj \ lian Mutual Provident Society, <unl secure an Amruil Bonus or Dividend. i\ privilege which no other Colonial Life Osfce can grant its memliers. Bo careful that you select this Society, and do not be Misled by tho similarity of Name of some 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 ociety, 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, endingjSlst December, 1889, may be summarised as under : — Fibst— Tho number of the new policies issued was 11,604. Second— The new Assurance business effected was for £3,679,459. Tjiird— Tho new Annual Premium Income amounted to £121,800. Foijbth — The net increase to the business, aftor 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 i society from £1.512,280 to £1,625---185, an increase in twelve months of £112,905. Fixtii — ' he accumulated fund was ' increased during the year by the sum of £742,311, equal to 71 per cent, of tho gross premiums received. Seventh — The deaths among lives assured were 049 under 785 policies, causing claims upon th« Society amounting to £299,602. irrespective of Bonus additions, while the number expected according to the Tables used in estimating the liabilities ■would havo 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 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 d 349,417 9 717« It has paid to the representatives of deceased members over £4,000,--000 in satisfaction of death and matuied claims. It has divided among the members cash bonuses aggregating over £4 9 - O0O 9 00O 9 yield in t! reveision-si-y additions of over £8,000,> 000. It has acquired an Accumulated Eunri of £9,000,000, all inirested to yield fully 6 per oent. interest. ASSETS— New Zealand- £1,273,514. EDWARD W. LOWE, Resident Secretary. Branch OfficeCustom House Quay, Wellington. Fox ton Agents — •iHYiNNE LINTON & CO.