AUSTRALIAN MUTUAL PROVIDENT SOCIETY HOLDS THE WOKLD'S RECORD FOR LARGEST BONUSES. , RESULTS TAKEN FROM THE FIFTY-FOURTH REPORT. NEW POLICIES— IS,S9I completed, assuring .. l £3,702,576 POLICIES IN FORCE— I76,BIS, assuring £50,763,590 Exclusive of Bonus Additions, amounting to £1<i,048,346 ANNUAL INCOME FROM PREMIUMS and INTEREST is now .. .. £2,523,650' THE FUNDS OF THE SOCIETY now amount to £18,779,113 DEATH AND MATURED CLAIMS paid sin«e establishment £13,289,835 CASH PROFIT— The amount of Profit available for Division amongst the Members, after making exceptional Reserves, is £558,868An amount greater than that distributed by the Society in any previous, year, and over 34£ per cent, of the Premiums received during the year. IT WILL PROVIDE REVER -ONARY BONUSES, amount to over . . £1,000,000EXPENSES — The percentage of expenses to total receipts was about 8| VALUATION — The standards of valuation aie more seveie than those employed by anyother Mutual Office tiansacting business in New Zealand. EXISTING BUSINESS ON THE NEW ZEALAND BRANCH REGISTER, 29,544 policies, assuring £8,015,240INCREASE IN THE ACCUMULATED FUNDS (one yeai) £914,599INCREASE IN ANNUAL INCOME (one year) £91,168 INCREASE IN CASH BONUS (one year) £20,143 NET GAIN IN BUSINESS IN FORCE, 7508 Policies, assuring .. .. £1.397,025 INTEREST RECEIPTS exceeded amount paid in DEATH CLAIMS by . . £184,908DIRECTORS OF THE NEW ZEALAND BRANCH :- The Hon. Chas. John Johnston ML C , Chairman ; A. De B. Brandon, Esq., Deputy Chairman ; the Hon. E Richardson, CM G. ; John Duncan, Esq. EDWARD W. LOWE, Resident Secretary. NEW ZEALAND BRANCHCUSTOMHOUSE QUAY, WELLINGTON.
Jj?j£\ ' Heels. jb M Will enable You to Walk on hard pavc- ■¥"' a HE « marts with absence of Jarring and Wi f J \S U lc^.«.^ l?__4- The DuntoDPncumstK Tyre CoS «» Ltd lOßFlirHcrs 5» tlelU»nie.B PH i^ floOrC rCCI. BOClarcncebtSydncvJtW H7Grcnfdl 51 Adelaide.^ ZOMduJrl |L St BrobancO IMEarradiMftrH>W\.gßLichftclda Oich^nZ M
H. FIELDER, Manners Street. If nP> I Furniture r**fl^sjsE fe == "^iSrr^!MiA new spipm ents %iWllfWsstos i* tIjI just arrived. ■ u u ww~w~ Drawingroom Cabinets, Inlaid Mahogany Bedroom Suites, French Cabinets and Tables, French Palm Stands (Marble Tops), Mahogany and "Walnut Tables, Handsome Gilt Overmantles, Louis XV. Carved Overmantels, Carved Oak Sideboards, Black and Brass Italian Bedsteads, Solid Brass French and Italian Bedsteads, Choice Designs in Axminster Carpets, Velvet Pile Wilton and Brussels Carpets, Carved Oak Extension Tables. THE ABOVE GOODS ARE NOW ON VIEW AND WORTHY OF INSPECTION.
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https://paperspast.natlib.govt.nz/newspapers/NZFL19030620.2.35.2
Bibliographic details
Free Lance, Volume III, Issue 155, 20 June 1903, Page 24
Word Count
374Page 24 Advertisements Column 2 Free Lance, Volume III, Issue 155, 20 June 1903, Page 24
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