Page 1 Advertisements Column 2

Manawatu Herald, 26 March 1892, Page 1

AUSTRALIAN MUTUAL PROVIDENT SOCIETY. ESTABLISHED 1849. The Oldest Mutual Life Office in Australia. Kew Zealand Branch : Head Office, Custom-house Quay, Wetf lington. Local Board of Director b : The Hon. Morgan S. Grace, M.D.,C.M.G., ML C (Chairman). . Charles J.JolnißiOD, Esq. (Deputy Chairman)- . ' . A'fred de Batbe Brandon, Esq. , The Hon. l-Mward RichardsoD, C.MiG., M.H.R. Nicholas Keid, Esq. Medical Officer : Dr. W. G. Kemp, M.B.C.S. (England).

AS^UItE your We in the Anstralian Mutunl Provident Society, and secure an Amrui' Bonus or Dividend, a privilege which nn other Colonial Life Oifice c.n grant its members. Be careful that you select this Society, and do not be Misled by the 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 counected ■with the Society, which, is th« oldest Colonial Institution of its kind, having been established in the year 1840. The results of the business for the Forty-first year, ending 81st December, 1889, may be summarised as under : — First — The number of the new policies issxxed was 11,064. Second —'I he new Assurance business effected w as for £8,679,459. Third -Tho new Annual Premium Income amounted to £121,800. Fotjrtii — The net increase to the 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 animal income of the society frcm 4JI 812,280 to £1,625. 185, an increase in twelve months of £112,905. Pixtii — " he accumulated fond was increased during the year by the gum of £742,811, equal to 71 per cent, of the 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 £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 138,952. Nikth— 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 roceived. The operations of the Society during the 41 years of its existence may be summarised as under — It has issued 141,907 policies, assuring 4340,41 1 7,71 f 7. It has paid to the representatives of decent members over £4,000,--000 in satisfaction of death and uiatuied claims. , It has divided among the members cash bonuses aggregating over i£4,« OOQ»COO, yielding religion»ry additions of over £8 4 000,---000. It has acquired an Aconmnlated Eunrt of £9,000,000, «11 invested to yielcl fully 6 per cent, interest. ASSETS— New Zealand- £1,278,514. EDWABD W. LOWE, Eesident Secretary. Branch Office— Custom House Quay, Wellington. Fox ton -A gent 8-^ „