AUSTRALIAN MUTUAL PROVIDENT SOCIETY. Established in the Ybab 1849. For Lifs Assurance on the Mutual Principle. NEW ZEALAND BRANCH: Head Office, Wellington. Invested Fdnds .£2,300.000 A>nual Income. 550,000 Amoukt Assured 12,000,000 Claims Paid '85o|ooO POHCIEB inFobce 81,000 Last Tear op the Quinquennium: SIXTH DIVISION Oif PROFITS. The whole of the profits are divided amongst the assured, aud bonuses to the amount of £910,000 have ahe».dy been allotted. The last division of profits took place in 1874, and the cash -surplus then divided amounted to £235,000, giving additions to policies averaging, £3 per cent per annum on the sura assured. The bonuses paid on policies becoming claims have varied from £15 per cent on the gum assured for a policy of five years' standing to £150 per cent for one of twentyfive years' duration Bonuses become veste 1 additions to policies when they have teen full five years in force. The profits realised during the last five years will be ascertained and divided as at 3 1st December neut, and ali policies issued on or before that date will be entitled to participate in the profits of quinquinnium. Prospectuses, forms of proposal, and all information may be obtained from the Branch Office, Wellington, or from any of the fciociety'a agents. EDWARD W. LOWE, Resident Secretary. Agent for Nelson ; A. W. SCAIFE.
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https://paperspast.natlib.govt.nz/newspapers/NEM18780730.2.17.1
Bibliographic details
Nelson Evening Mail, Volume XIII, Issue 182, 30 July 1878, Page 4
Word Count
220Page 4 Advertisements Column 1 Nelson Evening Mail, Volume XIII, Issue 182, 30 July 1878, Page 4
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