Page 1 Advertisements Column 2

Manawatu Herald, 15 March 1892, Page 1

AUSTRALIAN MUTUAL PROVIDENT SOCIETY. ESTABLISHED : 1849. The Oldest Mutual Life Office in Australia. Now Zealand Branch : Head Office, Custom-bouse Quay, Wellington. Local Board of Director* : The Hod. Morean S. Grace, M.D,,C.M.G., ML C. (Cbairmim). Charles J. Johns! od, Kaq. (Deputy Chairman). Alfred de Bathe Brandon, Esq. The Hon. Kdwftid Richardson, 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, ami secure an Anmal Bonus or Dividend, a privilege which no other Colonial Life Office can grant its members. Bo careful that 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 Public is called to some of the special features connected with the Society, vrhich is th« 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 : — First— Tho number of the new policies issued was 11,664. Second— The new Assurance business effected was for £3,679,459. Third— The new Annual Premium Income amounted to £121,800. Fourth — The net increase to tlie 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 I society from £1 512.280 to £1,025---185, an increase in twelve months of £112,905. Fixth — I he accumulated fund was increased during the . year by the sum of £742,811, equal to 71 per cent, of the gross premiums received. Seventh — The deaths amongliyes assured were 649 under 785 policies, causing claims upon tho 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 £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 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 £49,417,717. It has paid to the representatives of deceased nembers over £4,000,--000 in satisfaction of death and matuied claims. i It has divided among the members cash bonuses aggregating over £4c,» 000,000, yielding revmsionsry additions of over j£8,OOO,» 000. it bas acquired an Accumulated Eund of £9,000,000, all invested to yield fully 6 per cent. interest* ASSETS— New Zealand- £1,273,514, EDWABD W. LOWE, Resident Secretary. Branch OfficeCustom House Quay, Wellirigton. Foxton Agents— 'iHYNNE LTNTON & (0.