Australian Mutual Provident Society.. HOLDS THE WORLD'S RECORD FOR LARGEST BONUSES.
RESULTS TAKEN FROM THE FIFTY-FIFTH REPORT.
NEW POLICIES— I4,S34 completed, assuring .. .. .. £3,744,489 POLICIES IN FOECE— IB3,6-53, assuring .. .. ..£52,324,828 Exclusive of Bonus Additions, amounting to . . . . . . £10,438,563 ANNUAL INCOME FEOM PEEMIUMS AND INTEEEST is now . . £2,614,846 THE FUNDS OF THE SOCIETY now amount to . . . . £19,674,423 DEATH AND MATUEED CLAIMS paid since establishment . . . . £14,309,047
CASH PEOFIT— The amount of Profit available for Division amongst the Members, after making exceptional Eeserves, 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 PEOVIDE IiEVEESIONAEY 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 BEANCH EEGISTEE, 30,773 policies, assuring . . . . . . . . . . £8,319,957 INCEEASE IN THE ACCUMULATED FUNDS (one year) . . . . £895,310 INCEEASE IN ANNUAL INCOME (one year) . . . . . . £91,196 INCEEASE IN CASH BONUS FOE QUINQUENNIUM against previous Quinquennium . . . . . . . . . . . . £514,307 NET GAIN IN BUSINESS IN FOECE, 6838 Policies, assuring . . . . £1,561,239 INTEEEST EECEIPTS exceeded amount paid in DEATH CLAIMS by . . £2*04,710
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.
Undoubtedly there will be . .
more WELL-DRESSED men in WELLINGTON during the Spring and Summer about to begin than ever before in the history of the city.
Messrs. R. B. DAVIS & CO.,
GENTLEMEN'S TAILORS, OF 61, LAMBTON QUAY, have entered the Season better prepared than ever to meet all demands likely to be made upon them for desirable fabrics. Their Staples are of convincing merit, and their Specialities very up-to-date in every particular. They handle nothing but reliable goods, and can be depended upon to please patrons in every detail. A case of inspection solicited. NOTE THE ADDRESS.
p. a CORSETS. NOUYELLE FORME STRAIGHT FRONT. BEST KNOWN AND LIKED CORSET THROUGHOUT THE WORLD. FROM AJLL r>R,A.P»ER,S.
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.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/NZFL19040917.2.5.2
Bibliographic details
Free Lance, Volume V, Issue 220, 17 September 1904, Page 5
Word Count
389Page 5 Advertisements Column 2 Free Lance, Volume V, Issue 220, 17 September 1904, Page 5
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