Page 24 Advertisements Column 1

Free Lance, Volume IV, Issue 160, 25 July 1903, Page 24

AUSTRALIAN MUTUAL PROVIDENT SOCIETY HOLDS THE WOELD'S RECOKD FOR LARGEST BONUSES. RESULTS TAKEN FROM THE FIFTY-FOURTH REPORT. NEW POLICIES— IS,S9I completed, assuring £3,702,576 POLICIES IN FORCE— I76,BIS, assuring £50,763,590 Exclusive of Bonus Additions, amounting to . . . . . . . . . . £10,048 346 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 since establishment £13,289,835 CASH PROFIT— The amount of Profit available for Division amongst the Members, after making exceptional Reserves, is . . . . . . . . £558,868 An 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 REVERSIONARY BONUSES, amount to ovei . . £1,000,000 EXPENSES — The peicentage of expenses to total receipts was about B|. VALUATION — The standards of valuation are more severe than those employed by any other Mutual Office transacting business in New Zealand. EXISTING BUSINESS ON THE NEW ZEALAND BRANCH REGISTER, 29,544 policies, assuring . . . . . . . . . . . . . . . . £8,015,240 INCREASE IN THE ACCUMULATED FUNDS (one yeai) £914 599 INCREASE IN ANNUAL INCOME (one yeai) £91168 INCREASE IN CASH BONUS (one year) £20 143 NET GAIN IN BUSINESS IN FORCE, 7508 Policies, assuiing .. .. £1,397,025 INTEREST RECEIPTS exceeded amount paid in DEATH CLAIMS by . . £184,908 DIRECTORS OF THE NEW ZEALAND BRANCH -—The Hon. Chas. John Johnston, M.L C, Chairman ; A. De B. Brandon, Esq., Deputy Chairman ; the Hon. E Richardson, C.M.G. ; John Duncan, Esq. EDWARD W. LOWE, Resident Secretaiy. NEW ZEALAND BRANCHCUSTOMHOUSE QUAY, WELLINGTON.