The A.M.P. Society.

Manawatu Herald, 13 May 1899, Page 2

The A.M.P. Society.

FIFTIETH ANNUAL REPORT.

The fiftieth annual report of the, Australian Mutual Provident Society," which marks the completion of the jubilee, embraces among other matters a complete history of the foundation and subsequent progress of tbo Society. The amount of new business completed was in excess of any y<—v >'ni "• ■• 1892, and consisted of 14,961 paiici-. £3,787, OS3, yielding an annual premium revenue of £128,800. Tho nel gain to the volume of business was £1,900,---000. The mortality experience was of a favourable character. The amount; of claims by death waa only 67 per cent, of expectation. The usual searching investigation into the mortgage security has been made' and a further Bum of £10,785 has barm set aside on this account, besides writing £10,810 off the values of office premises.

From tho report of the actuary, Mr Teece, it appears that the whole of the liabilities, with the exception of a few non-participating policies, has been as on a former occasion, valued at 8£ per cent, interest.

The amount of cash surplus available for division is £479,742. which will produce reversionary additions to policies aggregating £880,000. B >nus certificates will be issued on June 30.

The rate of interest is low, being a shade under 9 per cent- of the total income.

The effective rate of interest earned during the year again shows a slight decrease, but stands at £4 14 9 10d per cent.

For Bronohial Couahs lake Woods' Great Pepperiraent Cure, 1/6 2/6.