FORESTY.

Taranaki Daily News, Volume LVI, Issue 217, 13 March 1914, Page 3

FORESTY.

| A WEALTHY COURT. The annual balance-sheet of Court Taranaki, No. 4356, A.0.F., shows the Court to ba in a moat satisfactory financial position, having the sum of £5144 14s to its credit, equal to £sl 8s per member. There are only one hundred members in the Court. The interest received from investments exceeds the I total contributions of members by £33. The Court possesses a Surplus Fund, and it may be as well to explain how this fund is worked. Every member of the Court haß an interest in this fund, based on actuarial calculation. In the year 1910 the secretary obtained permission from the Registrar of Friendly Societies to take the sum of £6OO , from the Sick and Funeral Fund and place the amounts to the credit of Surplus Fund for extra benefits to members. So far the following amounts have been paid out of this fund to deceased members' wives: £ls, £6, £2O, £2O. This is in addition to the £35 funeral benefit allowed by the District Court. The fund is recouped every year by interest transferred from the Sick and Funeral Fund. The only unsatisfactory feature about ' the Court, says a recent circular, is the | fact that the average age is on the increase, owing to the want of young lives in the Court. Each member is asked to do his best to get young men to join and so reduce this average, and in doing so they will be quite justified in stating that in joining this Court they are becoming members of one of the wealthiest friendly societies in New Zealand. The Court has £4960 invested on mortgage.