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LOST, on Monday,. 28th instant, between the Square and Eitzherbert, a; IiADIBS' PUIiSE, containing about £10. The Finder will receive £2 reward on leaving saiiic at the bffiee I of this paper. „ A PSTRALIAN MPTITAL PRO-" X3L VIDKJST SOCIKIY. EsTABifsHED 'IB-49. FOE I^IFE ASSUfiANpE OX THE MUTUAIa Pm^CIPLE. „ ; , , Bbpobt- ~ To be presented to thelTkirti'eth Annual : ..... Meeting of the Members, to be held . •at the Chamber of Commerce, Sydjjey Exchange, on Wednesday/the 23r4 day of April, 1879, »t two o'clock p.m. . The. Directors have again the pleasure to report. that the New Business transacted m the v year just ?lose.d has exceeded that of the 'preceding one. During the twelve months ending 31st December, 1878, there have been received 886 J ( . (proposals for. sums amounting t&^vi.. ....;. 1.:. ....... ...::.:..:...:. £3,373,087---of which 2G55 were declined, withdrawn, oi not completed, amounting t0..,.........;. 1,097,145 leaving 6209 proposals accepted. and completed, assuring £2,175,942 . .This business includes 310 non-partici-pating policies assuring £72,186. ..The new yaEsinrns amount to £74,816 ,6s/ 3d.,; of which £1684 ' 13s. represents ■single payments.The following is a suniinary of the busi-t-ness effected ;' — ' : •*'•-- AsBURAN!CB. — Policies, 6,020 • Sum assured, £2,148,692 ; Single premiums, £483 JLBj,_i_Annual premiums, £71,858 6s. lOd. EKDpWJfEtfT.— Policies, 185; Sum assured, : s'2ftssO; Single premiuin^, £530' 155.; Annual preinuVuis,. £l,26l 19s. 9d. Annuity. — Policies, 4; Sum assured, ( £l91 9s. 4d. per annum.; Single premiums, £670 ; Annual premiums, £11 6s. Bd. * Total.— Policies, 6,209 ;' ' Sum ' assured, £2,175,942 ; Single premiums, £1,684 135. ; Annual premiums; £^3,131 13s. 3d. i . Toxai New PEE3iitrMS^-£74iai6 6s, 3d. . • Claims have afiseninnder 339 lite PbtiiLtJ^Bs by tlie"deiith of 209 naembera, amount-' , ing to £118,933 9s. 7d., including £13;278< 9s. 7d, for bonus additions'. Sixteen Endowment Assurances 1 hare also rn^turtfcl.t aitfounting tb;£7BQ7 18s';, ; including- '£1757 -.■•■'• : -.->>,The; Accumulated J?und now stands at .-.£2,619,187 17s:' 9d., showing an increase of i £34?; j 295; lSsV^d., the.;b.ilnnce of; receipts over dfsbursiemecis duringrehe'year.---;- • ' « ;« A ; summary •of (he policies, disfjontimied m the past year appears m the following. . table ir-r- ■■■ - -.- : ~.~ .:..-, ■'■•■' ' AsSO«4ITCi!: BoiJCISI DISCOKTn? VSD. "i No. Sum assured. Annual. premiums. ♦By' death or maturitv — 355; ; #111,725 £4,233: 011 By surrender- 1--144 •- 76,775 2,642 I^l 6 ■. By forfeiture— .937 ai9,925" .' 10,326 lp 0 , ENDQWMBKT POMOIE3 DiaCOJITINUBD, No. Sum assured, Annual premiums. By death.or maturity — 58 . ! £S,lsa £508 18 2 By surrender — • ; 39, . 4,15 ft 2^13 15 1 i By forfeiture— . 28 4,20 ft 182 4 8 Asjstuitt Polioie^. I^isdoifTiNtrED. „'No".. Annual prenuuAMjJ, - By death or maturity- — • - • ■ ■ ;■,"'■. s-.., , .£s<v, -..._.. .: ; ;.9Clm» number of 'policies issued since the estebjishment of the Soeiatj to the. 31st December, ' 1878, is 46,5*14/ assuring o^ which 11,096 have been discontinued, leaving 35,218,. existing policies, assuring. .£13,392,121 0 0 The annual income from priftmiums a«y)wifcs l fcb „." £^5^619^18 6 Frpn> interest to 164,278 11 0 '','". i . ■ '■:.-:. , ' * ■; — : — Making the total annual ■ revenue of the society ..;'.: £621,959; 9 6 • The Actuary,!* prpceodiug -with the Sixth Quiriqnennial Inveatigation, of the.Societ.v's affairs preliminary to a distribution oif profit •among the' members." Although there are in~fsECd more than double fclie number of policies that ojcistod at the close of the Fifth Quinquennium, thewo^is so well advanced, that your Directors antici^ite being able to decl&re the result quite as early as on the former occasion. ■■- ■■■ ■■■V-The directors w,hp_ retire at .the.anniul meeting are-^The Hon. Alex". 1 - Campbell, M.L.C., and Isaac Ellis Ives, Esq., one of wliom is eligible for re-election. Ths members who have given the roqwisi^a. notice of their intention to be caaaidateg for the Tfcwo, seals are— The Hon. Alex. Campbell, M.L.C., Isaac Ellis Ives, Esq., George R. Dibbs,: Esq., S. A. Joseph, Esq., Robert J. King, Esq., and Edwin Tkojsas P.eiifold, Esq. . •'-. ' .'■ ' Mr. John F. Paigo, the senior Auditor, retires, m terms of J3y-Law X, and is n^fc eligible for " re-election. '. it wftl dßyolfe upon the meeting to appoint his suwes-tor. , John Smith, MlD.;' Chairman. . RbTEKUS, ACCOUNT FKok .i^T JANUAEY •. ' to 31st December, 1878* ". I'Pr... .■- „. •.. Amount, of funds on ' Ist " January, 1878 ... ...£2,269,89.2 2' 0 Renewal -premiums ' ... 3j04,t26 Sfev 7 ' Niew , 'premiums on 6209 '..'', ; . : pbfcici&s, assuring '" •■"•■,'" ; £2,175,942, and yield-. •, „. . : ' : '' '. : . ing an annual Te?<«nue. , : ■ " .' of £73,131 13s. 3d. ... 38^592,2 7 : Cflnsrderatipij for, aaptti- - tiei -gran ted ... „,-. . .{ftO 0 0 Intereat ... ... ... 144,451 11 8 jriuei. ..... ... . " .!;. 203 19 2 .£2,8.48,235 19 0' , : "Cr, ' '■'■■' "'■ ■'".■ '-' ■- •■• "'■ ; i v :.C%un». wder.PolJcJM ...£.i2t,457 ,&■*:'■£ -Eidowments'matureil *».." 17,042' 8* .8* Aoowance under Oys-law „ ..'•' ' -•iXVL *■!".;. 5^,19 2 S#rrVnd**s\.. .. s :.: 16,50*^3 6 'Ajinuities \,. „ .... ..." 4;539 3-8 Il|nu«i paid^ m ciwh ... 43115 2 Commi»9H>h on, ftr^t premium .!. ' -..'. :.. • 11,8H 10 5" Otiinpiisdion on renewal ...- 8,138 6 2 •';' Salaries'. ' r..' ■' J1 ... 16,809 4. ; .9. • Direc.fors 1 foes... ... : i )? 180 10-.&f Ausit qw" fo^s : .478 2 pi' " ; ifoLliijal fees^ ...' ... 8,39 V ": 2: 8 - Law costs .'.}. ..r'f.tylS.l 510 § OtSet^iik. ... ... 2"f365-13 0 Adrertising 2,()29 3 7 , : x Printing and statioftory 2,200 16 7 ' Bbitoge and duty Btam'ps 2,039 16 8 General expanse* ..; 1,23# : 13 9 Travelling expenses ... :.6,3.L5~!15'' 5 License fee JS.Z. " ... 20t>-".0- % G : Exchange 770. 2 0 AnVount of funds ou 3Jsb '■ tfeaeiubcr, ' 1878 .. . . >. J 17 % \l-- r '. '•'■':' ' 18,235 10 6 '\' ' i '' *'" ■"•* : -"" " ••.'■•':• : . "'■_>.-.• "

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https://paperspast.natlib.govt.nz/newspapers/MT18790430.2.13.2

Bibliographic details

Manawatu Times, Volume III, Issue 39, 30 April 1879, Page 3

Word Count
812

Page 3 Advertisements Column 2 Manawatu Times, Volume III, Issue 39, 30 April 1879, Page 3

Page 3 Advertisements Column 2 Manawatu Times, Volume III, Issue 39, 30 April 1879, Page 3

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