Australian Mutual Provident Society . . HOLDS THE WORLD'S RECORD FOR LARGEST BONUSES. RESULTS TAKEN FROM THE FIFTY-FIFTH REPORT. NEW POLICIES -14,534 completed, assuring .. .. .. £3,744,489 POLICIES IN FORCE-183,653, assuring . . . . . . £52,324,828 Exclusive of Bonus Additions, amounting to . . . . . . £10,438,563 ANNUAL INCOME FROM PREMIUMS AND INTEREST is now . . £2,614,846 THE FUNDS OF THE SOCIETY now amount to . . . . £19,674,423 DEATH AND MATURED CLAIMS paid since establishment . . . . £14,309,047 CASH PROFIT— The amount of Profit available for Division amongst the Members, after making exceptional Reserves, is . . . . £582,168 An amount greater than that distributed by the Society in any previous year, and 35 per cent, of the Premiums received during the year. IT WILL PROVIDE REVERSIONARY BONUSES amounting to over . . £1,000,000 EXPENSES — The percentage of Expenses (including Taxes) to total receipts was under 9. 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, 30,773 policies, assuring . . . . . . . . . . £8,319,957 INCREASE IN THE ACCUMULATED FUNDS (one year) . . . . £895,310 INCREASE IN ANNUAL INCOME (one year) . . . . . . £91,196 INCREASE IN CASH BONUS FOR QUINQUENNIUM against previous Quinquennium . . . . . . . . . . . . £514,307 NET GAIN IN BUSINESS IN FORCE, 6838 Policies, assuring . . . . £1,561,239 INTEREST RECEIPTS exceeded amount paid in DEATH CLAIMS by . . £204,710 DIRECTORS OF THE NEW ZEALAND BRANCH: The Hon. Chas. John Johnston, M.L.C., Chairman ; A. De B. Brandon, Esq., DeputyChairman; the Hon. E. Richardson, C.M.G., John Duncan, Esq., and Joseph Joseph, Esq. EDWARD W. LOWE, Resident Secretary. NEW ZEALAND BRANCH— CUSTOMHOUSE QUAY, WELLINGTON.
THE HOME OF THE GENTLEMAN'S SUIT R. B. DAVIS & CO., TAILORS, 61, LAMBTON QUAY AND 59, CONDUIT STREET W., LONDON.
P.D. CORSETS. NOUYELLE FORME STRAIGHT FRONT. BEST KNOWN AND LIKED CORSET THROUGHOUT THE WORLD.
FROM AIuJL, DRAPERS.
THE CHAMPION 'CYCLE is light and easy running. Built to combine speed with strength by JENKINSON & CO., Cycle Manufacturers and Importers 48, Victoria Street (opposite Public Library), Wellington.
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https://paperspast.natlib.govt.nz/newspapers/NZFL19040820.2.5.2
Bibliographic details
Free Lance, Volume V, Issue 216, 20 August 1904, Page 5
Word Count
310Page 5 Advertisements Column 2 Free Lance, Volume V, Issue 216, 20 August 1904, Page 5
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