FRIENDLY SOCIETIES
DECREASED MEMBERSHIP
Membership of friendly socioties in Now Zealand decreased last year by 178 per cent., the actual drop in figures being from 102,952 to 100,237. ' According to the annual Parliamentary paper on • the subject, the total accumulated funds increased by £139,937 to £4,538,095, and the average capital per member by £2 3s 7d to £45 5s 6d. Net interest credited to-the sick and general funds was £160,816, equal to a rate of £4 7s 6d per cent, as compared with £4 11s lOd per cent, in 1932. The average contributions and interest per member increased by tenpence to £3 7s sd, and the cost of sickness and funeral benefits by Is 4d to £1- 18s. The total net- gain in those .funds was 13s 9d per member. The number of members who • died was 852, equal to 8.39 per cent, per 1000 members at risk, as compared with 834 and 8 per cent, respectively in 1932.
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Bibliographic details
Evening Post, Volume CXVIII, Issue 33, 8 August 1934, Page 16
Word Count
159FRIENDLY SOCIETIES Evening Post, Volume CXVIII, Issue 33, 8 August 1934, Page 16
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