Page 1 Advertisements Column 2

Manawatu Herald, 7 May 1892, Page 1

AUSTRALIAN MUTUAL PROVIDED SOCIETY. ESTABLISHED 1849. The Oldest Mutual Life Office in Auslialio. New Zealand Branch : Head Offic-, Cuelom-liouse Q>>«y, Weilingttn. Local Bor.:d of Dinctots : The Hop. Morenn S. Gr»ce, M.D..C.M G., Al LC. (Ch»inr>»n). Charlep J. Jobns in, Eg. (D. fu'y Chaismai ). A ir<(\ rte Bill-e Br»n<^op, E^q. Tin- Hop. E.iwaid Eicharrisoi, C.M.G.. M.H n. Nichdits Keii', Eiq. Medical Offiocr : D.. W. G. Keir.p, M.tt.CS (Eo M knn). AS URE your life in tlie Ausfralion Mutual Provident- Society, and Frcnve an Aniriii.' Bonus or Dividend, a privilege which no other Co'onial Life O/ee c n giant its members. Be careful thnt you select this Society, and do not he Misled by the similarity of Name of .^onie 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 th* oldest Colonial TnsMtntion of its kind, having l.i en established in the year 1849. The results of the business for the Forly- first year, ending 31st December, 1889, mny be punnnarised as under : — Fibst — The number of the new policies isnted was ll,fiG4. j Sfcond — 'J he new A • snranco business effected *as for £3,679,459. 'iHii'D-The new Annual Premium Income amounted t0£121,800. FouiiTii — Tlie not increase to the | business, aftei 1 r- Ho wing for loss of | income from terminated Policies, \ras [ represented b^ 7028 poli(-ies,r:ssuring £2,109,199. * ; Fifth— The oper..tii»ns f>f the year raided the annual income of the society frcm £1 512,280 to £1,G25- , 185. r.n increase in twelve months of £112,905. | Sixth — ho accumulated fund was increased clurug the jcar by tho • sum of £742,811, equal io 71 per . cent, of tbo gross prem'uojS re- j cc-ived. I Seventh — The deaths among lives assured wove G49 uudoi 735 p licio-, causing claims upon tho Society amounting to £299,602 irrespective of Bonus additions, while the mini- , ber exj ectod according tothe'Tables j us*d in estimating the liaMhtits. would have been 1143, for an ' amount of £488»976, the mortality | experience being thus extremely favourable. Eighth — The receipis from interest and rents were £510,882, an amount exceeding the sum paid for the cain:s by £188,952. Ninth — The expenses of managepjent w<-re only 9.5 per cent, of the total receipts. Tekth — Tho cash surplus divided for the year 1889 was £426,494, [ being at the rate of 41.5 percent, on the premiums received. The operations of the Society during the 41 years of its existence may be summarised as under — It Las issued 141,807 policies, as* turiug £49,417,717. It has paid to the k preservatives of deceit ci i\ rutmbeis over £4,000,--000 in satisfaction of death ted | luatu.ed o^imp. i It has divided among tho members cash lonußeß aggregating over £4,---000,000, vieldini? revet si<tiM*y bdiiitions of over £8,000," 000. It has acquired an Accutnnlated Eund of £9,000,000, all in-vested to yield fully 6 per cent* interest. ASSETS— New Zealand- £1,273,514. EDWARD W. LOWE, Resident Secretary. Branch Office— Custom House Quay, Wellington. Jj'w. ton Agon is— 'iJn&NIS &IKTON * ■ 0.