Page 1 Advertisements Column 2

Manawatu Herald, 29 March 1892, Page 1

AUSTRALIAN MUTUAL PKOVIDENT SOCIETY. ESTABLISHED ... ... 1849. Tbe OldeHt Mutual Life Office in Austt alia. New Zexland Branch : ' TTo&d OlhV, Custom-house Qusy, Wei. " ling^on. ■ ■ — "■ LoctJ Board of.. JMreetoi 8 : . The Hoi\ Morann S. Grace, M.D..C.M G., i M L C (ChairniHii).. Charles J. Joliuston, E g. (Dcpu'y Chairtnat>). " A fre« flo Bi»be Brnndnn, E*q. The Htm. liiwind ltioluirdsor-, C.M.G., < W.HR. Nicholaa Keid, E^q. Meilioal Officer: TK W. 0. Ketni., M. U.C.S (England). • AS ÜBE you; 1 life in ihe Austinlinn Mutnnl ProviJont Koc-iely, , and fioenre nn Ainrui l Bonus or Diviiiond. nprivilfge which nootlior Colonial Life Office en grant its member. 0 . . i Be careful that you s«lfct this Society, and do not be Misled by the similarity of Name of some oftho other younger Australian Offices. The attention of the Members and ( the General Public is called to some of the special features connected with tbe c ociety, vhii-h is t.h" oldest Colonial Institution of its hind, having b<-en established in tho year 1849. The results of the business for the Forty-first year, ending 31st December, 1889, may be summarised as une'er : — First— Tho number of the now policies issued was 11,604. j Second — '! he new busi- 1 ness eft'ecied *as for £8,079,459. ■'IniKD — Tho new Annual Premium Income amounted t0£121,800. Fourth — The net increase to the business, after for loss of income from terminated Policies, was represented by 7028 polic-ies,assnring £2,109,199. " | Fifth— The operations of the year j raised the arntwl income of the ; society from Ml 512,280 to £1,025- ] 185, fin increase in twelve months . of £112,905. Sixth — he accumula'ed fund was , incrensed during the year by the sum of £742,811, equal io 71 per cent, of the gross premiums received. Seventh — The deaths among lives assured wer« G49 under 735 pnlicio^, causing claims upon tho Society amounting to £299,602. irrespective of Bonus additions, while the number expected according to tho Tables us^d in estimating the liabilities would have been 1143, for an amount of £438,976, the mortality experienco being thus extremely favourable. Eighth — The receipis from interest and rents were £516,882, an amount exceeding the sum paid for tbe c'aims 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, ausu.infi «4©,417, f 7l'7. It has paid to the representatives of deceiiF^fl members over 000 in satisfaction of death aud inatuied c'aiin?. , It has divided among the members cash I.omif>eß aggregating over d£4,---000,000; yielding levottinu--1 »ry adoitiona of over £8,000,---000. ) It has acquired an Accumulated Eunri. of £9,000,000, all I invested to yield L fully 6 per cent, interest. ASSETS— New Zealand- £1,273,514. EDWARD W. LOWE, J Resident Secretary. Branch OfficeCustom House Quay, Wellington. Foxton Agents — THYNNE LINTON & ( 0.