Sixth— Th- Accumulated Fund was in creased during the year by the sum o £7422,311 equal to 71 per cen of the gross premiums received. Seventh— The deaths4mong lives assurec were 649 under 73® policies, causing claims upon the Society amounting tc £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,---97 ©, The mortality experience being thus extremely favourable. Eighth— The receipts from interest t and rents were £516,832, an amount exceeding the sum paid for the claims by £138,952. Ninth— The expenses of Management were only 9.5 per cent, of the total re- - ceipts. Tenth — The cash surplus divided for the year 1889 was £426,494, being at the rate of 41.5 per cent, on the premiums received. The operations of the Society during the 41 years of' its existence may be summarised an under— It has issued 141,907 policies, assuring £49,417,717* It has paid to the representatives of deceased members over £4,---000,000 in satisfaction of death anp matured claims. It has divided among the members cash bonuses aggregating over £4,000,000, yielding re- < versionary additions of over £8,000,000. It has acquired an Accumulated Fund of £9,000,000, all invested, to yield fully 6 per cent. interest. Assets New Zealand— £l,273,sl4] * Hfe ARI) W - LOWE, '.' *'.r|f|p%EßinENT Secretary. Bjukch Office — ' Custom House Quay, Wellington Foxton Agents—THYNNE, LINTON & CO. JOHN A.HERN 1/ — Tegs to announce that he has commenced business on his own ac* count as a inrii.eelw:rig*ML. In tlioise premises lately occupied ty Jenkins & Co., Hall Street, Foxton. < arts built to any size, and Bny;gies nnd Traps repainted and varnished on the premises. pAMPBELLTOf N Mr James fanmng is aotiug as my agent for Cauapelltown and dis. fcrict, aud he has author.ty to receive oJI subscriptions to paper and to take instructions tor advertisement aud job printing. EENi ST S. THYNNE, Proprietor Manav?atu Berald. Central -Hotel, JfecT to the Theatre Royal, THE SQUARE. PALMERSTON NORTH jt MAURICE CRONIN, (Late of the Cricketers' / rms fiotel We'lington,) HAS taken over the above Hotel, and hopes to receive th« same patronage bestowed upon Mr Car lnody. Meals for early and late trains. Ales, Beers, IHTinea, and Spirits of the Best Etvstncls Only kept in stock, First-class accommodation for Permanent Boarders and tb.e Travelling Public JOHN U/EBTWOOD, BLACKSMITH akd SHOEB HALL STREET, FOXTON. A]\ kinds of hlacksmithing exeruled vub despatch and care*
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/MH18920102.2.2.4
Bibliographic details
Manawatu Herald, Volume III, Issue III, 2 January 1892, Page 1
Word Count
402Page 1 Advertisements Column 4 Manawatu Herald, Volume III, Issue III, 2 January 1892, Page 1
Using This Item
No known copyright (New Zealand)
To the best of the National Library of New Zealand’s knowledge, under New Zealand law, there is no copyright in this item in New Zealand.
You can copy this item, share it, and post it on a blog or website. It can be modified, remixed and built upon. It can be used commercially. If reproducing this item, it is helpful to include the source.
For further information please refer to the Copyright guide.