AUSTRALIAN MUTUAL PROVIDENT SOCIETY Holds the World’s Record for Largest Bonuses. ‘o— RESULTS TAKEN FROM TiiMJ FlFTYfourth ;r3s;po;rt. 1 0 NEW POLICIES—IS,S9I comnleted, assuring ... £3-702,576 POLICIES IN FORCE-176,8i5, assuring .... £50,763.590 Exclusive of Bonus Additions, amounting to .. £10,048,346 ANNUAL INCOME FROM PREMIUMS AND INTEREST is now .. £2,528,660 THE FUNDS OF THE SOCIETY now amount to ... £18,779,113 DEATH AND MATURED CLAIMS paid since establishment ... .. .. .. £13,289,885 CASH PROFIT—The amount of Profit available for Di-> vision amongst the Members after making .exceptional Reserve,, is .. .. .. .. ... £558,868 An amount greater than that distributed by the Society in any previous year, and over 34J per cent, of the Premiums received during the year. IT WILL PROVIDE REVERSIONARY BONUSES, amounting to.. ... .. .. .. £1,000,000 EXPENSES—The percentage of expenses to total receipts was about 8f VALUATION—The standard;) of valuation are more severe than those employed by any other Mutual Office transcting business in blew Zealand. EXISTING BUSINESS ON THE NEW ZEALAND BRANCH REGISTER, 29,544 policies assuring ... £8,016,240 INCREASE IN THE ACCUMULATED FUNDS (one year) ... ... ... ... £914,599 INCREASE IN ANNUAL INCOME (one rear) ... ' £91,168 INCREASE IN CASH BONUS (one year) £20,143 NET GAIN IN BUSINESS IN FORCE, 7508 Policies, assuring ... ... .... ... £1,897,025 INTEREST RECEIPTS exceeded amount paid in DEATH CLAIMS by ... £184,908 Directors of the New Zealand Branch :—The Hon, Charles J. Johnston, M.L.C., Chairman ; A. De B. Brandon, Esq. Deputy Chairman, The Hon. E, Eicaardson, 0.M.G., John Duncan, Esq . ' % EDWD. W. LOWE, Resident Secretary. New Zealand Branch: Customhouse-quay, Wellington.
ANAWATU QAERIAQE ' Rangitikei-sfreet, Palmerston N. Yehiclea of every description on sale and built to order. All work guaranteed. Wheels Tyred while you wait by the latest Improved Machinery in the world. JOHN BETT-, PROPRIETOR. A. N, GIBBONS. Cordial Manufacturer. PALMERSTON NORTH. ALL kinds of Cordial and Mineral Waters freshly made and delivered free. For prices and particulars apply to IMPORTER & MANUFACTURER Palmerston North. In stock and made to order—'TRENTS, Tarpaulins, Rick and 1 Waggon Covers, Wateiproof Sheets, Horse and Cow Covers, Oilskin Clothing, Ropes, Twines. Any of the above lines, which are excellent value, can be obtained either through your storekeeper or direct from thejjManufacturing Depot, Palmerston North. FACTORY, B. SPELMAN, Fusion,
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Manawatu Herald, 9 June 1903, Page 1
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348Page 1 Advertisements Column 4 Manawatu Herald, 9 June 1903, Page 1
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