Page 2 Advertisements Column 3

Evening Post, Volume XXVIII, Issue 43, 19 August 1884, Page 2

THE AUSTRALIAN MUTUAL PEOVL I DENT SOCIETY. THE following artiole on the thirty-fifth annual report of the above Society appears in the Insurance Record of 27th Juno, 1884 :— The Australian Mutual Provident Society, which was established in 1819 for the assurance of lives on tho principl > of mutuality, held its thirty-fifth annual meeting at Sydney on the 23rd April last, when the results presented wore of a very satisfactory charaoer. The progress of a country in population and wealth may bo (ranged to some extent by tho development and practice of insurance. That the Australian colonists are fully alive to the advantages of life assuranco may be gathered from the reports presented to tho members or shareholders by the officos transacting this class of business in their midst. 'Ihe Australian Mutual stands foremost amongßt the offices at the Antipodes, and has attained to dimensions which are really astonishing. It assured last year, on 7629 policies, a total of .£2,577,723, producing in new annual premiums the large sum of .£91,189. The largest bnßiness transacted by any Home office was that of the Scottish Widows' Fund, which assured during tho year just half the foregoing amount at new premiums of .£44,olo— less than half the amount obtained by the Australian office, which— and moieties seem to bo singularly applicable — is just half tho ago of the Urge ana wealthy Scottish office. No doubt there are in this country a larger number of offices competing for business than is yet to bo found in the particular colony in question, although comletition of the most aotive and aggroasive kind ia not known in Australia, and some sharp passageß-at-arms have at times taken plaoe between at loast two of the colonial companios, of which tho Australian Mutual is one. But even supposing this magnificent Booiety had the field all to itself, and was not hardly pressed by local companios and by branch establishments of leading Home and foreign companies, the amount of business it baa transacted would still appear to bo surprisingly largo. During its entire oxistenco it ha 3 issued 79,564 policies, assuring £28,705,434. Of these, 23,835 have gono off by deaths, surrenders, lapses, and eflluxion of time, leaving in existence at the close of December lost, 55.729 policies, assuring tho grand total of .£20,298,409, at an annual premium of .£077,072. Adding to this the interest realised on the invested funds, £303,675, it (rives a yearly income of close npon a million sterling— £9 80,747. The accumulated fund, whioh was increased during the past year by £575,129, now amonnts to £4,024,713, equal to upwards of seven years' promium income. These figures testify to the hold whioh this office has npon the colonists, and must be particularly gratifying alike to tho , directors, officials, and members. We notice that during the past year the district agency system, which has beon found to work well in New Sonth Wales, has beon introduced into Queensland and Now Zealand. The directors, we are told, havo decided to open a branoh with a local board in Wostern Australia. These extensions of tho ramifications of the office cannot fail to bring in additional business from quarters of the globe hitherto imperfectly workod, and it is impossible to predicate with any approach to accuracy what gigantic results in the shapo of new premiums may have to bo reported in the not very remote future. It is worthy to remark that Mr. Morrico A. Blaok, the actuary of the office, supplied tho Chairman at the annual meeting with a memorandum on tho subject of tontine insurance, whioh has been introduced into the colony by two foreign— i.e., American — companies, and taken up by ono colonial office. Mr. Black ib a strong and uncompromising opponent of this system of insurance, and he pnt his reasons very foroibly. He looks upon it as an immoral contract, and foreign to the true principles of legitimate life assurance ; and moreover, as tho imposition of cruel and exacting conditions is essential to its success, he is of opinion that "its adoption would engender discontont among the members, and involve tho society in disputes which would be fatal to its present popularity." We print the memorandum of Mr. Black on this question in extenso, and oommend it to tho caroful attention of our readers. 140 Q yards Unbleached Sheeting, 2 yards wide, Slightly damaged, in transit ex ship Zealandia, 9? per yard. THIS IS A RARE BARGAIN at the Surplus Stook Sale, TE ARO HOUSE. mHE UNDERSIGNED, who are retiring from business, invite Tenders for tho purchase of their entire STOCK-IN-TRADE. Stook-lists may be inspected at their offices. Tenders must bo sont in on or before MONDAY, Ist SEPTEMBER, at noon. Terms Cash, or guaranteed Bills bearing interest at onrrent rates. KRULL & CO., Wellington. A OABD. ) T\R. JOHN MACRURY may be consulted at his residence, Ellioe-st., daily from 9 to 10.30 a.m., and from 7 to 8 p.m. ; and also at Mesßrs. Barraud & Son, Chemists, Lambton-quay, from 3 to 4 p.m. NOTICE OF REMOVAL. DR. GILLON may be consulted at his new residence, the premises recently ooonpied as the Bank of Now Sonth Wales, Willia-atreet. At home, 9-11 a.m., 2-3 p.m., and 7-9 p.m. BY arrangement with all the storekeepers, dealers, and others in Wellington, and all over New Zealand, G. H. Thornton will supply them with pure Confectionery cheaper than any other house in tho trade. Impress the address well on the tablet of your memory, and ask for G.H.T.'a Pure Confectionory only. G. H. THORNTON, Wholesale Manufacturing Confeotioner, Manners-street, Wellington. R. HERBERT RAWSON, Dentist, Terraae, next Wellington Clnb. ly/TR. A~R~THUR HOBY, Licentiate in Dental St/bciebt, Royal College Surgeons, Ireland. WILLIS-STBSET, Second door from Manners-street. ' NOTICE OF REMOVAL. /~WN and after Ist July, Mr. Bdlkley's Dental Koomß will bo in Grey-street, Colonia Insuranoo Buildingß, where he may be consulted from 9 a.m. to 6 p.m. At other hours at his residence, Upper Willis-street. "pAINLESS DENTISTRY. MB. WALTER E. HALL, DINTAL SUBGEON, INGESTRE STREET, A few doors from Cuba Street. A complete upper or lower Bet, £4 4s. Consultation Free. aird aTiF!) ward CIVIL ENGINEERS AND AUTHORISED SURVEYORS, (Licensed under Land Transfer and Native Lands Act), Gbky-stbeb.t. RESSMAKINGk DRESSMAKING. DRESSMAKING. In first-class style, and at the most moderate charges, and with despatch. Our rooms are in oharge of Mrs. Cosgbavx, a lady wellknown for her Bkill and good taste. We solioit the patronage of the ladies of Weiington. CLARK'S, Cash Drapery Warehouse, Lambton-quay. AKIENTAI BAZAAR. DRILLSHED, WELLINGTON. 6th SEPTEMBER, 1884. Undbb th« Patbonagb of Lady Jebvois. A GRAND ORIExVTAL BAZAAR wU be held in the Drillshed on SATURDAY, 6th September, 1884, and the following week, in aid of a fund to enable St. Paul's Parish to acquire the freehold of the Churchroom, Tinakori-road. Full particulars in future advertisements.