A.M.P. SOCIETY.

Auckland Star, Volume LXIX, Issue 98, 28 April 1938, Page 4

A.M.P. SOCIETY.

ANOTHER RECORD YEAR. XEW BUSINESS ASSURES £24.000,000. The annual accounts of the Australian Mutual Provident Society for the year ended December 31 show that the new business completed in the ordinary department comprised 02.652 policies, assuring £24.176.65.5. and 171 annuities for £44.508 per annum. In the industrial department 123.928 new policies were issued assuring £7.551.044. These sums assured represent an increase over the corresponding sums assured f..i '036 of £2.300.631 in the ordinary department and of £1.447.648 in the industrial department. Claims by death in the ordinary department amounted to £2.807.623 and by death and matnritv in ! the industrial department to £1.101.513. I The total of the accumulated funds of the ordinary and industrial departments has been increased by £5.225.625 and now amounts to £108.411.880. The society's investments in various loans to the Commonwealth and States of Australia, to Xew Zealand and other Dominions, to i Great Britain and to local government I and other public bodies in Australia. Xew ! Zealand and other Dominions amount in all to £64.412.328. The actuary's report shows a surplus of funds over liabilities in the ordinary ' department of £3,054.782. out of which j [£109,899 is to be carried forward and f j £2.944.882 is to be allotted for distribu- < jtion among the participating policv j holders. This will provide reversionary bonuses of about £5.076.000'. The surplus in the industrial department, which is to I be distributed among participating policv-! .holders, is £327.884. providing reversionary bonuses amounting to about £435,000.