A USTBALIAN MUTUAL PROVIDENT J\. SOCIETY. Established 1849 The Oldest Mutual Life Office in Australia New Zealand Branoh t Head Office, Customhouse-cm*" Wellington Local Board of Directo The Hon. Morgan S. Grace, M.D., JH.L.C (Chairman) Charles John Johnston, Esq. (Deputy Chairman) William Seed, Esq. The Hon. George M. Watorhouse, M.L.C. Alfred de Bathe Brandon, Esq. Medical Offioer Dr. W. G. Kemp, M.E.C.S. (England). Annual Division of Pbopit. The profits of the Sooiety are divided annnally. Eesult of the Thirty-ninth Year (1887). After making unusually ample reserves, the Cash Surplus was .£375,343, a larger amount of profit than has ever been realised or divided iv one year by any other office in the British Empire. The Invested Funds exceed ...£7,468,246 The Annual Income is upwards of 1,423,585 The Society has more than 82,105 Policies in force, assuring upwards of 29,222,233 (exclusive of bonuses) During the last 39 years the Society has paid for Claims and Matured Endowments a ' sum exoeeding 3,260,000 The Sooiety has divided among its members Cash Bonuses amounting to upwards of £3,222,557, yielding Beversionory Bonuses exoeeding £6,400 000. New Business. The now business of the last five years has on an average exceeded £3,000,000 per annum — A largbe amount annually than has ever been transacted by any other Life Office in the British Dominions. The cost of management, inoluding^%a* mission, is unusually low, being onlysfit per cent, of* the total reooipts of tho year. This rote of expenditure is less than any other Life Assurance Institution either in Europe or America, doing a corresponding amount of new business. Unparalleled Accumulation of Funds. The accumulated funds now exceed £7,468,246 Assure your life in the AUSTRALIAN MUTUAL PROVIDENT SOCIETY, AND SECURE A ANNUAL BONUS OR DIVIDEND, A Privilege which no othbr Colonial Life Office can grant its members. Be Caheful that tou Select tuxb socibtt, and do not be misled bt the similarity of name of Borne of the othee Younger Australian Offices. The Sooiety oan be considered quite as much a New Zealand as an Australian institution, seeing that all moneys received in the colony are invested here in advanoes on mortgage of first-class freehold securities, loans to members on tho security of their polioies, l*i vernment debentures, and freehold branch office premises; and the Society is thus assisting in developing the resources of the colony. THE SOCIETY'S ASSETS IN NEW ZEALAND SECURITIES EXCEED £1,064,740 No Othbb Life Office in th« Colony can give you such LARGE BONUSES AS THK AUSTRALIAN MUTUAL PROVIDENT SOCIETY . And the effect of an Annual Bonus, which can be taken in Cash, will be to reduce the cost of assurance to the lowest possible minimum. If you are already sufficiently assured yourself, induce your friends to follow your example. The Society has raised its limit on a single first-class life to £10,000. Prospectuses, forms of proposal, the last Annual Report, and all other information, may be obtained on application to the Resident Secretary, Wellington, or from any of the Society's agents. N.B.— Tho Security afforded by this Society to its policyholders is unsurpassed by that of any Lire Office in the world. EDWARD W. LOWE, Resident Secretary.
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Bibliographic details
Evening Post, Volume XXXVI, Issue 102, 27 October 1888, Page 2 (Supplement)
Word Count
523Page 2 Advertisements Column 4 Evening Post, Volume XXXVI, Issue 102, 27 October 1888, Page 2 (Supplement)
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