Page 1 Advertisements Column 2

Manawatu Herald, 24 March 1892, Page 1

AUSTRALIAN MUTUAL PROVIDENT SOCIETY. ESTABLISHED 1849. The Oldest Mutual Life Office in Austtalia. New Zealand Branch : || ■ , ITead OftV-, Custom-house Quayy^el. lingtou. Local Board of Director : The Hop. Morean S. Grace, M.D..C.M.G., M L C. (Chairman). ChartoJ. Johiwton, E*q. (frpu'y Chair. man). A'freil de JWbo Br»ndon, E«J. The H«m. ftlward lliohftidtior., 0.M.G., M.HR. Niuholua ICeid, Esq. Medical Officer : Di. W. G. Kemp, M.K.C.S (Er.jjand), AS-URFi yonrlifo in tho An?ivnlinn Mutnnl Proviiionf Society, ami pponro nn Aiiirm l r>omis or Diviiieml n pviviln^e vliit-h no otlier Colonial Life CKKoe on grant its member?, Be caveful that you at-lpct tln'g Society, and do not be Misled by tho similarity of Nftme of ponie of tho other younger Australia" Offices. The attention of the Members and the General Public is called to some of the special features connected with the which 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 8 1st 'December. JBB9J * may be summarised .is un^er :— FiRST-^-Tho number of the new policies issued was 11,064. Second — 'i he new Assurance businees effected «as for £3,079,459. j 'inuiP-Tho new Annual Premium Income amounted t0£121,800. Fourth — The net increase to the business, aftoi- cllowinff for loss of income from trtminated Policies, was represented b\ 7028 polioies,nssuring £2,109.1C9. Fifth— The operations of (he year raided the nrnn«l income of ihe society from £1 512,280 to £1,G25---185. nn increase in twelve months of £112,905. Fjjctii-^- he aceumulft'ed fund was increased during the year by the sum of .6742,811. equal to 71 per cent, of the gross premiums received . Seventh— The- deaths araongjiyes assured were C 49 under 785 polioio*, rauhing claims, upon the Society amounting. to £299,602 irrespective of Bonus additions, while the number exrected 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. EioiiTn — The receipis from interest and rents were £516,882, an amount exceeding the sum paid for the c'aims by S 188,952. Ninth— The expenses of management were only 9.5 per cent, of the total receipts. Texth — The cash surp'us divided for the year 1889 was £426,494, being at the rate of 41 5 percent, on the premiums received.

Tho operations of the Society during tho 41 years of its existence may be summarised as under — It has itsued 141,007 policies, asBuiing £49,41'7,T17. It has paid to the representatives of decp«F<d r.iemhers over £4,000,--000 in BiitUfrction of death i>ud uiatu ed c'aimf. It has divided among the mombers cash ioruifPß aggregating over Jg4,---000,000, )ieldini» reveininniryhdmtions of over £8,000,--000. It has acquired an Accumulated Ennri of £9,000,000, all invested to yield fully 6 pev cent, interest. ASSETS— New Zcalnnd- £1,273,514. ' EDWARD W. LOWE, liesident Secretary. Branch Office — Cnstom House Quay, Wellington Fiw ton 'Agents— ! -j HYNNM MKTON & 1.0.