THE A.M.P. SOCIETY.

Press, Volume L, Issue 8479, 10 May 1893, Page 5

THE A.M.P. SOCIETY.

PreH AoaoeL-tlon—Electric T-lejraph—Copyright. Sydnky, May 9. The forty-fourth annual report of the Australian Mutual Provident Society waa issued to-day. The report is somewhat bulky, as it contains an appendix of sixteen pages, supplying certain schedules and returns required every three years by the Governments of the various colonies. On this occasion these schedules are prepared in each case in conformity with tbe legislation of the colony in which the report circulates. The new business of the year 1892 is represented by 12,0i5 policies, assuring -£3,791,221, and yielding an annual premium revenue of-8126,013 19s 6d." Claims by death amount to £429,470, being much less than the amount paid for the previous year. The total annual revenue i_ -£1,960,123 5s Id, and the accumulated funds, which have been increased during the year by -£796,411 ISs lid, now amounts to £11,328,448 8s lid. The report of the Actuary gives most complete information respecting the Society's business. Policy liabilities have been valued on the same stringent basis as was employed last year. Special extra reserves, amounting to £158,011 3s, have been made; the values of office premises have been written down by £19,630 19s 2d, and the sum of £61,500 has been set aside as an additional reserve for tbe possible depreciation of mortgage securities. Notwithstanding theae precautionary measures, however, the cash surplus available for division among the members amounts to £504,261 5s lid, which will provide reversionary bonuses amounting to about £1,030,000.