H.—l2.

ACTUARIES' REPORT.

valuation, in some cases, of every separate composing item, and, in others, o£ minor groups extending over a wide range of ages. It may be interesting to note the different groups of risks, and the number of contracts contained in each, since they represent the modes in which the present population of the Colony of New Zealand effect their assurances.

The following table will supply some materials on this head: —

Again, the following analysis of the main class of risks, namely, those of the ordinary whole-term assurances, is worth placing on record: —

5. The accounts of the General and Temperance Sections not having been kept separate, and it being indispensable, before the surplus of each separate section can be ascertained, to show the amount of the fund belonging to each, we have, in accordance with the instructions in Mr. Luckie's memorandum, given our best consideration to the principles upon which the dissection of the accounts should be made. We think, however, that this apportionment should be undertaken, in future, by the officers of the Association, who are better qualified to make the division, as they have fuller knowledge of the details of the charges. In any case it is essential that, henceforth, the accounts should be separately stated. The method adopted, on this occasion, has been, for each year, — To assign to the respective sections, the expenses that admit of being specifically appropriated—such as commission and medical fees ; To divide the remaining expenses between the two sections, in proportion to the premium-income of each; To divide the interest, between the two sections, in proportion to the average fund of each for that particular year.

14

Genebal and Tempebamce Sections combined. Number. Nature of Contract. >ri< Annual Premiums payable. When payable. of Contribution. Groups for Separate Valuation. Contracts. Amount assured. Assurances Death Death or fixed ago Special Fixed periods Current and deferred .. Life Fixed periods .. Special Fixed periods .. 24 24 123 23 5 8 12,602 886 8,592 181 894 63 £ 3,902,731 431,997 2,110,152 28,740 20,593 3,911* £ 107,416 11,121 76,123 1,105 1,118 19 Investments .. Annuities 207 23,218 6,554,213 3,911* 190,902 * Per annu:

Geni :eal Sin JTION. Temperance Section. Propon Distrit donate •ution. Averaj f e Age. Proportionate Distribution. Average Age. Premium payable. Number of Policies. Average Sum assured. 2» §3.2 ■2.8 go a H 4= Number of Policies. Average Sum assured. O ■ ■§.S |S |o 5S a o Yearly Half-yearly Quarterly Monthly 1,901 4,593 3,738 895 389 338 269 275 17-53 41-06 33-41 8-00 21-39! 43-52, 28-201 6-89; 36-05 36-71 37-33 35-35 42-46 ! 42-48 42-00 39-22 42-46' 168 42-48 482 42-00 638 39-22 127 42-05 1,415 168 482 638 127 294 11-87 14-60 32-37 33-86 255 34-07 30-34 32-70J 34-24 218 45-09 41-12 34-84 30-41 212 8-97 7-94 31-92 33-56 239 100-00 1 100-00 33-55i 35-10 I I 294 255 218 212 All classes 11,187 319 ioo-oo! 100-00 36-68