The A.M.P. Society.

Manawatu Herald, 3 December 1892, Page 2

The A.M. P. Society.

The Australian Mutual Provident Society have just issued their report on the mortality experience of their Society for the past forty years. in the Actuary's report he mentions that from the 81st December 1878 when the first mortality ex« nerienco wa<* determined to 31st December 1888 the proportion of endowment assurances in force had increased during the ten years from about 50 per cent to 73 per cent of the whole life policies. At the time of writing his report the endowment assurances number about 88 percent of the whole life policies, and the numbers will probably soon be equal. He holds that a perusal of the tables, published with the report, lead to the conclusion that the rate of mortality experienced among endowment assurance policies is much more favourable than that ruling among whole life policies, t.h us confirming that the very favourable character of the experience was largely due to the enormous influx of endowment assurance policies during the last ten years embraced in the investigation. The influence of occupation and nationality on the mortality is found to be. that mariners, publicans, and medical men give the worst results and clergymen the best. An examination of publican's risks shewed that the excessive death rate among publicans, as compared with that among first-class lives, required an extra premium of about ten shillings per cent on the sum assured. Over 50 per cent of the total entrants into the Society were born in Great Britain and Ireland, the others being natives of the Australasian colonies. Though the actual deaths among the European born are 69-8 per cent of the expected, while among the Colonial born they are only 58.5 per cent yet no definite conclusions can be drawn owing as the Colonial born lives have only been under observation on the average for 4.8 years. The Actuary thinks there is a strong presumption that the colonial born lives exhibit greater vitality than those of European nativity. The report states that the vitality of annuitants is proverbial all the world over, and the experience of r.his Society confirms the truth of the proverb. After giving particulars as to lives dealt with the a -.tuary says, thus, not only have me actual deaths amonu both ma ea and females been largely below the expected number, but they have, as far as males are concerned, been of persons holding annuities for amounts below the average. It is entirely due to the high rate of interest which the Society has been enabled to realise on its funds that the annuity business has not entailed serious loss on it. The medical officer's report is also most interesting and instructive and io which we may refer to another time. The whole report is got up

by the firm of John Sands, of Sydney in their usual first-clas3 manner. To those who are insured in the Soei y •■»( desire to peruse a copy of the iv^.jri, we are requested to state that the local agents, Messrs Thynne, Linton it Co., will gladly hand them one.