AUSTRALIAN M.P. SOCIETY.

Taranaki Daily News, Volume XLVI, Issue 98, 29 April 1904, Page 3

AUSTRALIAN M.P. SOCIETY.

SYDNEY, April 27. ''he fifty-fifth ant-en! report, of the Ustralian V.Vt.-ja! Prvri leu'. S'.-cicty for presentation at the ann-r.il molting on May 6 has just Keen issued. The amount of new business trans-

actod during the past year is considerably in excess of that for li) 02, and is regarded as a satisfactory index of the returning prosperity throughout Australia. New policies were issued to the number of 14,534 assuring £3,744/189, and yielding an annual premium revenue of £130,510 17s 9d, the net gain to the volume of business in force being no less than £1,561.239. Claims by death amounted to OHO, 780, and experience in this respect was largely within expectation. The usual searching investigation was made, into the mortgage securities, and the small additional sum of £3874 was added to the existing leservo for depreciation, which now stands at £257,828, besides writing a further sum of £13,305 off the. values of office premises. On the other hand a profit of £IOOO 7s -Id has resulted from sules of fore-clos-ed properties during the past year. It is announced that the hoard has decided to erect new premises on the present site of the Melbourne office, and also that it has l**n determined to establish an industrial branch in order to meet a growing! demand for life assurance among the wageearning classes. From the report, of the actuury. Mr Richard Teece, it appears that all participation assurance policies issued prior to Jan. 1, 1903, have been valued as heretofore at Hi per rent, interest, while those issued,, since that date have been valued st 3 per cent., this further strengthening the former high standard of valuation. Tlic amount of cash surplus available for division Is £582,108, which will provide reversionary additions ncfiregntiug considerably over £l,noo,mio. The rate of expenses Is as usual on a most moderate scale, being under 9 per cent, on the total receipts of the year. Tho effective rate of interest earned during the year stands at tho highly gratifying figure oi £4 8s 10d per cent.

important to young ladles and rentlemen. J. H. Parker's stock of engagement rings, wedding rings, watches, chains and all kinds of ewellery 's the finest on the West Coast of New Zeoland, and prices LO per cent, lower than in the larger lentrca. Carefully note the address -J. H. Parker, Jeweller, etc., next railway crossing, Devon-street Central, New Plymouth." | Woods' Great Peppermint Curs for Coughs and Colds naver fails. Is 6d,»

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