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AUSTRALIAN MUTUAL PROVIDENT SOCIETY. Established 1849. FOR MUTUAL LIFE ASSURANCE, &c, without personal liability. Principal Office: New Pitt-stbeet, Sydney. THE special advantages offered by this wellestablished Society are— 1. UNDOUBTED SECURITY.—On the 28th Feb., 1869, the ascertained total liability of the Society was £453,000 While the accummulated assets were 602,646 Showing a clear Surplus.of ... £149,646 There is over and above the Assurance Fund, the additional security of a Special Reserve Fund of £50,000. At the above date the Society had in hand equal to 70 per cent, of the entire Assurance Premiums received from members. 2. L RGE BONUSES.—Because being a purely Mutual Office the entire Profits belong to the Assured, anrl have not to be paid away in Dividends to Shareholders. The total Reversionary Bonuses declared by the Society amount to £485,000. Members of the Assurance Branch can obtain the value of their Bonuses in Cask, or appropriate them to a reduction of future Premiums. Premiums may be paid Half-Yearly or Quarterly. Should a member die during the days of grace whilst the premium is unpaid, the Policy will still be valid and effectual. PROFITS DIVIDED EVERY FIVE YEARS. LOANS, within the Surrender Value, aro granted to Members on the Security of their Policies. SURRENDER VALUES are granted after a Policy has endured Three Years. Conditions for Residence and Voyaging * Most Liberal. THE AUSTRALIAN MUTUAL PROVIDENT SOCIETY. Is a purely Mutuul Life Office, Local to Australia and New Zealaud, not confined to one Colony, but common to all; Local to each Colony, but not restricted to any, and operating upon a broader basis, is therefore Safer than an Office confined within narrow limits. Is a Life Office having a large number of Policy holders in New Zealand, and investing its Revenue from that place in the Public Securities of the Country. The Assets of tho Society comprise New Zealand Debentures to the value of £64 000. Was established in 1849, and it has successfully passed through the ordeals to which all new Life Offices are exposed. Having completed the Twenty-first Year of its existence, it has achieved a position of Stability aud Affluence unexampled in the history of Life Offices. Its Accumulated and Invested Fund exceeds £700,000" Its Income is over ... 200,000 a year. THE PROFITS BELONG EXCLUSIVELY TO ITS MEMBERS. From the magnitude of its resources it is enabled to declare LARGE BONUSES. The sources of profit are increased by the high rate of interest obtained on the Invested Funds, also by the difference between the margin provided for Expenses, and the low rate of expenditure actually incurred by the Society, an advantage incidental to a large Business, Neitheb of which can Exist in a New Office. The Annual revenue was increased by £32,236 from New Assurances effected in the past year, a rate of progress which entitles it to rank with the First-clas3 Assurance Institutions of the United Kingdom. EXAMPLES OF BONUS. The following examples show the total Bonus Additions to the Policies of £1000, under Table A, up to 28t,h February, 1860 : — I U. I| II II S -ai a% a% ai ti g «i g <! %< ~< < J-g £g £§ £3 26 £1010 16 4 £395 9 1 £161 11 3 £45 13 6 35 1190 4 6 473 15 7 199 4 7 51 4 1 39 1285 16 6 503 18 9 214 6 3 49 11 11 42 1245 9 0 546 5 8 227 8 2 51 18 1 50 1347 910 626 7 4 272 18 73 19 1 Forms of Proposal and every information may be obtained on application to MR. H. GILFILLAN, Agent for Auckland. 7, Queen-street. THE EAT-KILLER ! ! THE EAT KILLER ! ! THE only sure REMEDY for destroying RATS in Auckland is WHITLAW'S AMERICAN RAT DESTROYER. This Paste is Poison to Rats and Mice without fail. One trial will satisfy anyone wh» is troubled with such vermin. To behad ONLST at my Establishment, Pitt-street. The Poisons imported from Home are useless on account of the sea voyage. My RATDESTKOYER does NOT contain any PHOSPHOROUS. Manufactured at my Laboratory, Pitt-stbeet, Auckland. (gig" Note the Address— HE RED GLOBE LIGHT. Sold in boxes at 6d., Is., Is. 6d., 2s. 6d. Held wholesale at tkt above prices less 25 per cent, for cash.

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Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/AS18701129.2.21.1

Bibliographic details

Auckland Star, Volume I, Issue 277, 29 November 1870, Page 4

Word Count
709

Page 4 Advertisements Column 1 Auckland Star, Volume I, Issue 277, 29 November 1870, Page 4

Page 4 Advertisements Column 1 Auckland Star, Volume I, Issue 277, 29 November 1870, Page 4