Page 4 Advertisements Column 2

Daily Telegraph (Napier), Issue 6144, 9 May 1891, Page 4

AUSTRALIAN MUTUAL PROVIDENT SOCIETY ESTABLISHED .. .. 1849 The Oldest Mutual Life Office in Australia. New Zealand Branch : Head Office, Custom House Quay, Wellington. Local Board of Directors: The Hon. Moegan 8. Gbace, M.D., CM.a., M.L.O. (Chairman) Charles J. Johnston, Esq. M.L.C. (Deputy Chairman) AiiFBED db Bathe Bbakdow, Esa. Thb Hon. Ebwabd Richaedson, C.M.G., Nicholas Reid, Esq. Medical Officer: Dβ. W. G. Kemp. M.R.C.S. (England) ASSURE YOUR LIFE in the AUSTRALIAN MUTUAL PROVIDENT SOCIETY, and eecuro an ANNUAL BONUS or DIVIDEND, A PRIVILEGE WHICH NO OTHER COLONIAL LIFE OFFICE CAN GRANT ITS MEMBERS. Be careful that you SELECT THTS SOCIETY, and do not be MISLED by the similarity of Name of some of the other younger Australian Offices. The attention of the Members and the General Public ie called to some of the special features connected with this Society, which is the oldest Colonial Institution of its kind, having been established in the year 1849. The results of the business for the Forty - first Year, enuing 31st December, 1889, may be summarised as under : FIRST—The number of the New Policies issued was 11,664. SECOND—The new Assurance business effected was for !£3,679,459. THIRD—The New Annual Premium Income amounted to £121,800. FOURTH—The net increase to the business, after allowing for loss of income from terminated Policies was represented by 7028 Policies, assuring £2,109,199. FIFTH—The operations of the year raised the annual income of the Society from £1,612,280 to £1,625,185, an increase in twelve months of £112,905 SXXTE—The Accumulated Fund was increased during the year by the sum of £742,311, equal to 71 per cent, of the gross premiums received. SEVENTH—The deaths among lives assured were 649 under 735 policies, causing claims upon the Society amounting to £299,602, irrespective of Bonus additions, while the number expected according to the Tables used in estimating the liabilities would have been 1143, for an amount of £438,976, the mortality experience being thus extremely favorable. EIGHTH—The receipts from interest and rents were £516,832, an amount exceeding the sum paid for the claims by £158,952. NINTH—The expenses of Management were only 9-5 per cent of the total receipts. TENTH—The cash surplus divided for the year 1889 was £426,494, being at the rato of 41-5 per cent, on the premiums received. 7?he operations of the Society during the 41 years of its existence may be summarised as under— It has issued 141,907 policies, assuring £49,417,717 It has paid to ths representatives of deceased members over £4,000,000 in satisfaction of death and matured claims. It has divided among the members cash bonuses aggregating over £4,000,000, yielding reversionary additions of over £$,000,000. It has acquired an Accumulated Fund of £9,000,000, ALL INVESTED TO HELD FULLY 6 PER CENT. INTEREST. Assets in New Zealand—£l,273,sl4. EDWARD W. LOWE, Resident Secretary. Beanch Office— CUSTOM HOUSE QUAY, WELLINGTON. Napier District Office— ARTHURH GORE. District Secretary. iIAWKE'SBAY PERMANENT BUILDING AND INVESTMENT SOCIETY. LIBERAL CONCESSIONS TO BORROWERS. THIS SOCIETY'SjScaIe of Monthly Repayments arc now Lower th;m any other Society in the Colony. Money Advanced on either of the following terms:— REPAYABLE BY MONTHLY INSTALMENTS for term of from. 2to 12 years, including Principal and Interest. FOR ONE V EAR CERTAIN, with option of continuing. FOR A FIXED PLRIOD OF YEARS, Interest on two latter conditions, payable quarterly, with POWER FOR BORROWER TO PAY OFF PRINCIPAL in sums of £25 or multiple thereof, quarterly, on previous notice LOANS Granted on the Security of JUc-mbers' Investment Shares, repayable by Monthly lustiilnirjuta or on three Months' JNotice. INVESTMENT SHAREHOLDERS may cow withdraw tho full amount of Subscriptions paid to date, together with the Interest and Profit aUndin* to the credit of the Shares at the end of the past financial year, viz , 30th November, 1890.; Prospectuses and all information on application at tt'.3 Society's Office, Tennyson Street, Napier. ■i. V,. FIELDI3E, Secretary.