IL—33.

2

double the number of policies that existed at the close of the fifth quinquennium, the work is so well advanced that your directors anticipate being able to declare the result quite as early as on the former occasion. The directors who retire at the annual meeting are the Hon. Alex. Campbell, M.L.C., and Isaac Ellis Ives, Esq., one of whom only is eligible for re-election. The members who have given the requisite notice of their intention to be candidates for the two seats are the Hon. Alex. Campbell, M.L.C., Isaac Ellis Ives, Esq., George R. Dibbs, Esq., S. A. Joseph, Esq., Robert J. King, Esq., and Edwin Thomas Penfold, Esq. Mr. John F. Paige, the senior auditor, retires in terms of By-law X., and is not eligible for re-election. It will devolve upon the meeting to appoint his successor. John Smith, M.D., Chairman.

Revenue Account from Ist January to 31st December, 1878.

Moeeice A. Black, Actuary. Aiexajtdeb J. Kalston, Secretary. We, tlie undersigned, hereby certify that we have examined the books, vouchers, accounts, mortgage deeds, public and other securities of the Australian Mutual Provident Society, and compared them with the above balance-sheet, and find them all to be correct. JonN F. Paige, ) . ~, Sydney, 9th April, 1879. Hobebt Gilfiixax, j uc' 0"' Ed. Wa. Lowe, Kesident Secretary, Wellington,

£ o- dLmount of funds on 1st January, 1878 ... 2,269,892 2 o lenewal premiums ... ... ... 394,426 3 7 Uew premiums on 6,209 policies, assuring £2,175,942, and yielding an anuual revenue of £73,131 13s. 3d. ... ... 38,592 2 7 Consideration for annuities granted ... 670 o o :nterest ... ... ... ... 144,451 11 8 ftnes ... ... ... ... 203 19 2 £ s. d. Claims under policies ... ... ... 124,457 8 3 Endowments matured ... ... 17,042 8 8 Allowance under By-law XVI. ... ... 522 19 3 Surrenders ... ... ... ... 16,506 3 6 Annuities ... ... ... ... 4)539 3 8 Bonuses paid in cash ... ... ... 421 15 2 Commission on first premium ... ... 11,841 10 5 „ renewal „ ... ... 8,138 6 2 Expenses of Management— Salaries ... ... £16,899 4 9 Directors' fees ... 2,480 10 o Auditors' fees ... 478 2 o Medical fees ... ... 8,397 2 8 Law costs ... ... 151 5 io Office rent ... ... 2,365 13 o Advertising ... ... 2,029 3 7 Printing and stationery 2,200 16 7 Postage and duty stamps 2,039 16 8 General expenses ... 1,253 13 9 Travelling expenses ... 6,312 15 5 License fee, N.Z. ... 200 o o Exchange ... ... 770 2 o 4S.578 6 3 Amount of funds on 31st Decemher, 1878 2,619,187 17 9 £2,848,235 19 j> £2^848,23JM9 o Balance-sheet, 3] it December, 1878. Liabilities. £ s. d. Assurance fund ... £2,461,221 4 7 Midowuient fund ... 89,579 " 3 Annuity fund ... 43,672 11 11 investment fluctuation fund ... ... 24,714 10 o funds as per revenue account ... 2,619,187 17 9 Claims admitted or announced, but not paid £29,299 15 5 Annuities due ... 296 5 2 )ut>tanding accounts... 3,336 3 9 luudry creditors ... 635 o 3 33.567 4 7 Assets. £ s. d. Loans on mortgage in New South Wales, Victoria, Queensland, and South Australia ... ... ... ... 1,470,936 1 10 Loans on the Society's policies (within their surrender value) ... ... ... 270,105 o 2 New Zealand Government debentures ... 169,958 9 7 Queensland „ „ ... 208,846 15 2 South Australian „ „ ... 21,054 8 3 Tasmania „ „ ... 106,330 o o Head office premises, Pitt Street ... 30,554 13 2 Sale of old office —balance duo ... ... 20,000 o o Branch office, Melbourne ... ... 31,186 19 4 Branch office, Wellington, N.Z. ... 8,651 17 9 Freehold and branch office, Brisbane ... 19,021 11 1 Leasehold premises, Adelaide ... ... 684 o 9 Office furniture, head office and branches 3,433 10 o Mortgages in liquidation ... ... 534 15 6 Sundry debtors ... ... ... 290 5 o Reversionary interest ... ... ... 883 9 2 Agents' balances ... ... ... 1,104 8 10 Outstanding prcminms, head office and branches ... ... ... ... 32,611 10 o Outstanding interest ... ... ... 20,741 18 2 Cash on deposit with banks ... ... 214,800 o o „ on current account with the Society's bankers, head office and branches 21,015 9 o „ in hand ... ... ... 9 >9 7 £2,652,755 2 4 £2,652,755 2 4