Page 4 Advertisements Column 7

Evening Post, Volume XXII, Issue 93, 18 October 1881, Page 4

A USTRALIAN MUTUAL PROVIDENT I J\. SOCIETY. ; In the Commercial World, for 15th June, wo pave a summaiy of the Directors' Report cf this Company and if we refer to ifc again it is mainly in order to supplement and perfect a statement th---n nr d-% whii-h w" ii-id wa3 short of the murk. "Wo pave it cnt as something approaching a bn-ine->s phenomenon, that tho society throughout its entire career of th.rty-tuo yeard had paid its claim 3 out of interest receipts alone, 'lhis statement is an ionbtedlyromarkablo enough, but it falls far short ot th? : ctual achiererajuts or" the pa3t vca-, v, hen. as wo now lean;, THE INTEhEbT RECEIPTS fcX- ! CKKDED THE COMBINED PAYMENTS V>ll CLAIMS, COMMISSION' AND hXPFNSESoFMANAGEMENTBYNEaELY JEIO.UOO. ]F WE AI;E NOT MISTAKEN, 'lHl's RESULT IS ENTIRELY UNIQUE IX LIFE AS.-UhANCE HISTORY. CERTAINLY NOTHING, SO FAR. AS WE H AYE OLS KEYED , Hi S BE V X *XPhR'ENCKD COMPARABLE '10 IT IN THE "OLD cOUNTEI'." ANf> IF A HAKALLrL FACT CAN UK PRODUCED FROM ANY OIHKtt Ql'Aß'Lli WK SH \LL BE GL \D TO Ell BLAZON IT IN' OURC'JLI'M.N-. But tl is is nut al'. Tn Great Britain we have afoic mpai.ies whose new assurances I amount to a mi lion a j ear. Tho Lumber j may be c unt^i on the liters who rise tj that amount, while we have a very largo proportion, perhap3 cquul to 90 per cent, of our Coinpinwa, to whom !-u,h a result is altogether an mil-Opel for event. BUT THE NEW BUSINESS OF THE AUSTRALIAN MUIUAL WAS FOX £1,U1,'280, AN AMOUNT (--S IS IRUIY MATi-P IN THE COMPANY'S AbVE.vTISEU KNTS), " KAR >XOELL>IN(J THAT UP ANY OTIILE llb'H Ao.^UIUNCr; OFi-ICE IN THE BRITISH DOMINIONS." r J ho new aniiiial premium ii.come amounted to .£72.8 >9, uhiie the nut i:iL-KM-o to th > biibints-s, alter allowing lor lr,s ut i icom ; from terminated policii s w-is re'vesumo 1 by 3322 policies, assuring £1,2.7, CA^. TF.I-. KoU.T, IT la BLLrKVi-.l), IS UNPARALLELED IN iHE HISTORY OF LIFr, ASSURANCE, WHWIHER IN HIE OLD WORLD. OR IN ANY O I'HER 'Jake a- other fact : the operations of tho yen-— ob-eive. only tire Society's thiity- second year— ia'«id tho annual income from jCG9t.2L3 to .£75.>,7G9. an increaso in twelve inoiit'.is of ,£iio,43"i, or PY per cent, of tho irevions ycir'b levonno" Again, the accumulated fund w.is mc eased dating the year by tho sum of .£l-15 713, eqnal to S7 per cml. of the : preaiiuins received. Thoso are very remarkable results; not accounted for i-olely by tho fact that they pertain to tho "oldest mutual life ofiico in Australia," or that tho avvrage interest received by the Society on its investments txceeds 6 per cent, per annum. These factors are of importance in tlv» cisc, but they would only go a eh rt way if tho Society's busiucs 3 wa3 not vigorously pushed. It i^ the untiring activity of I ha Scciety's executive that di.es it; and, ai wo havo often said, activity i-i tho synonym of expenditure. The Society is not sparse in its expenditure. But tho rf&ults justify tt:c outlay. That is the cmwning tact to bo borne in mind. WHUH OF OUR COMPANIES, FOE EXAMPLE, GREAT <)E SMALL, COMMISSION Oil NON-COMMISSION PAYING, CAN SIIOA' A PROPORTION OF INCOME LAID BY DURING THE YEAH < »F S7 PFR CENT. < >F THE GROSS PREMIUMS RhCEIVKD ? Wo kuow of none that can do this ; for wlrle we hare several Companies whoso expons>es of management are lighter than the Australian Mutual, we have none, \ni boiievo, that can show a layby, alter providing for expenses and claims, equal to 87 per cent, of the premium income. Something should also bo said in regard to tho liberal, not to say eulight-nod, butinps3 principles of the Society. Thes3 cons'ti'uto a sori"S of advantages socured to polify-holdors, which are of a nature, it may fairly bo presumed, tosilenco all objectorp, and to remove tho scruples which iDany persons profess to entertain against a too exacting ny3lein of lifo as -urauce. _ 'I he bocioty's policies contain no conditions as to travelling. Members aro allowed to travel all over the world without license or pajmont of ex'ra premium. A policy is not forfeited through habits of intemperancT contracted after tho policy ia issued, or through being oinviotod of felony, or by reason of the assured dyiug by the hands of juatics or by Euicido, provided, in the latter case, snicide is not committed within thirteen months after tho date of assurance. Policies are endorsed with an admission of asje when is3Utd, providod a certificate of birth is produced ; and if that cannot be obtained, Iho best evidence of ago obtainable is accepted. A policy, when the nge has been admitted, is free of all conditions after being five years in force, provided the lifo assured has resided, within tho ordinary limits from the date of the policy, and has attained thirty yoar3 of ago. And when those conditions have beon complied with, a Mutual froviclcnt policy bncomps absolutely ind'sputable and unchallengeable and tho lifo assured can rrside in any part of tho world without having to pay any extra premium. And last but not least, indeed the most liberal principle of all, is that the policies ot this society, when they have endured three years, aro kept in forco after they have become ovorduo by nou-i ayinent ot preiiiium nniil the surrender value of tho policy is exhausted. And in proof of the fact that this principle operates, and is not a mere flourish of trumpets, it is announce 1 by tho Society that at 31sb December, " the number of policies on which premiums wcro in arrear, and which were beinsr continued in force by means of this liberal regulation, amounted to 180 !¦, on which there had been advanced by tho Society for payment of premiums (exclusive of interest) the sum of .C 33,187." We may add, the Society is not a competitor for business within tho United Kingdom, but it li'is its lejiutation to establ'sh. AND ENGH-HMEN GOING Tv AUSTRALIA MAY BY THE FOhE'JOING TOKENS LEARN WHERE THEY CAN FIND AN OI'FUH IN WHIUH TO ASSURI'I OF THE HIGHKSI CL'^SS, AND WORKING UNDKR THE MOST LIBERAL PRINCIPLES KNOWN TO THE PROFESSION ANYWHERE IN THE WORLD.— From the Loi.don Commercial World, of Ist July 1881. AUSTRALIAN MUTUAL PROVIDENT SOCIEIY. Established 18 i 9. THE OLDEST MUTUAL LIFE OFFICE IN AUSTRALIA. NEW ZEALAND BRANCH: HEAD OFFICE, CUSTOM HOUSE QUAY, WELLINGTON. LoCAIi BOABD OF DIRECTORS : The Hon. Charles Johnson Pharazyn, M.L.C , Chairman. The Hon. Sir William Fitzherbert, K.C.M.G., M.L.C, Deputy-Chairman. A. de B. Brandon, h>q., M H.R. Charle- J. Johnston, Esq., J.P. lhe Hon. Morgan S. Gra~e, M.D., M.L.C. Mkdicai. Officer : Dr. W G Kemp, JM.R.C.S. (Eng.) Resident Skcbetaut : Edward W. Lowe. The results of the thirty-second year's business may Ye summarised as under: — First.— The number of NEW POLICIES issued was G551. Second.— l he NhW ASSURANCE business effected was for .£2, 18 1,25-1, an amount far exceeding that of any other Life Assurance Office in the British dominions. Third.— The NhW ANNUAL PKJBMIUM INCOME amounted to £72,859. Fourth.— Tho NEI INCREASE to the business, after allowing for loss of income from terminated policies, was repreBPnted by 3822 policies, assuring This showing is, it is believed, unparalleled in the history of life assurance. Fifth.— The operations of tho year raised th 3 ANNUAL INCOME of the Society from .£094,233 to .£709,763. an mc ta--o in the twelve months of ,£65,455, or 9fc per c 'irt. on the pr->viou=< year's* revenue Sixth.— lhe ACCUMULATED FUND was" in'rea-pd dnnng the tear by tho sum of £4 15,713, . qual to 87 per cent, ot tho gro&3 premiums received Seventh.— j he deaths among Hve3 assured were 285 if. number, causn g c!aiin3 upon tho >ocietv tor the turn ot .£121,413, including bonus additions undtr 2GI policies. Eighth.— The INTEREST RECEIPTS for the year cxc eded the combined payments for claims, commission, and expense' of lnana-^ementby nearly J2lO 000. ACCUMULAiEO FUNTH.THitEE AND A HALF MILLIONS sterling. Prospectuses, forma qf proposal, and all other information may be obtained on application to tho Kesidonb Secretary, or from any of the Society's Agents. EDWARD W. LOWE, Bee dent Secretary. 13 EMOVAL.— My endeavours to supply a £*» want long f.lt has beon so warmly responded to by the public that, I have fon:id it necessary to take Jar«=r and in -re convenient premi-C3. I shall now bo in a position to (.xecute orders with moro despatch, and shall strive t > give even more sati-fai-j tion than hwetofuru.— F. J. W. FhAR, Engineer, Ma:.uf'aoturer of all kin 's of li* ht and hoa^eh-'ld machinery, Inrentxr^' Mo'iel- 1 , Surgical instrum-'uts, Boot-repa:rm« and Blocking Machine?, <Stc. Sewing Machines, J o ks, CutiCry, &.0., Eepaired. Cheapcat Depot for beting Machine^, Od, NLedts, Shuttles. Fittings &.c— F. J. W. Fear, next Wmteheaci's Uakery, Vv"illis-i.treot. ON SALE, Custom House Forms at the Evening.Post Office,