Page 1 Advertisements Column 2

Manawatu Herald, 12 April 1892, Page 1

AUSTRALIAN , MUTUAL PROVIDENI SOCIETY. ESTABLISHED 1840. The Oldest Mutual Life Office in Australia. New Zealand Branch : Head Offic, Custom-licuse Quny, Wt" Hiigtcn. Local Board of Directors : The Hon. Moron S. Grace, M.D..C.M.G, Al L C. (Chairman). Charles J. Jolmslon, t>q. (Deputy Chaii mai ). A'fred de Bathe Branrion, Esq. The Hon. Edward Richardson, C.M.G, aj.H.K. Nicholas lieid, Etq. Medical Officer : ; Dr. W. (3. Kemp, M.R.C.S (Euj-land). AS UI»K your life in ilio Australian Mutual Provident Society, ntul secure an Aiurm! J>onus 01 Dividend n privilege which no othoi Colonial Life O.Tee en grant its members. Be careful tliut you s«lfct tin's Society, and do not be Misled by the similarity of Nfime of some of the other younger Australian Offices. The attention of the- Members and the General Pubic is called to some of the special features connected with the Society, which is the oldest Colonial Institution of its Kind, having been estnbii.'.lifd in the year 1849. The results of the business for the Forly-first year, ending 31st December, 1880, may be summarised as under : — Fihst— Tho number of the now policies issued was 11,004. Second — 'i he new A'snranco business effected was for £3,079,459. 'Inncn-The nrw Annual Premium Income amounted to £"121,800. Fourth — The net increase to the business, aftei- allowing for loss of income from lei minated Policies, was represented by 7028 policies, assuring £2,109.199. Fifth— The operations of the year raided the animal income of the society from £1 512,280 tn £1,G20---185, fin im-renee in twelve months of £112,905. Sixth — he accumula'ed fund was iucrensed during the year hy the sum of £742,811, equal to 71 per cent, of the gross premiums rectived. Seventh — The deaths among lives assured were G49 under 785 p^liciop, causing claims upon the Society amounting to £299,602. irrespective of Bonus additions, while the number expected according to the Tables usk! in estimating the liahihtirs -would have been 1143, for an amount of £438,970, the mortality experience being thus extremely favourable. Eighth— The receipts from in- j terest and rents were £516,832, an j amount exceeding the sum paid for the c'aims by £138,952. Nixth— The expenses of management were only 9.5 per cent, of the total receipts. ! Tenth— The caßh surplus divided for the year 1889 was £426,494, being at the rate of 41.5 percent, on tho 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, 88Buring S49,4XT,TIT. It has paid to the representatives of deceased ruembeis over £4,000,> 000 in Bi'.tififcction of death iud mat a<ed e'aim?. It has divided nmocg the members cash bonuses aggregating over j£4j> 000,000, yielding reveiaionr.vy adiiitioua of over £8,OOO,» 000. It has acquired an Accumulated Eund of £9,000,000, all invested -to yield £H«liy 6 per cent* interest. ASSETS— New Zealand- £1,273,514. EDWARD W. LOWE, Resident Secretary. Branch Office — Custom House Quay, Wellington. Foxton Agents**-