Page 1 Advertisements Column 2

Manawatu Herald, 31 March 1892, Page 1

AUSTRALIAN . MUTUAL PROVIDENT ' SOCIETY. ESTABLISHED .... ... 1849. Tbo Oldest Mutual Life Office iv Austialia,' ... • , -i New Zealapd Branch : Head Offic;-, Custom-honfle Quay, Wel* lingtou. Loo&l Bo?-. J of Directoia : The Hon. Morr_n S. Grace, M.D., C.M.G., ML 0.. .(.riwrmw). Charles J. .(i^n^o-o, E-^q, (Depu'y Chair. ...il^Sfl de Ba«be. Brandon, Esq. Tlie H«.ri. Eavvofa Richardaon, CM^O.'; .-.- M.U* 11.* Nicholas Reid, Ei-q. ... ,'- '. Medioal Officer: D.. W. G. Kemp, M.R.C.S (England). AS URE your lile in the An-Ura. liaii Mniunl Provident Society, and fccnio an Amvin.' Bonus or Dividend a privilege wliich un ntbor Co'onial Life Oifice c v grtMit its members. Be eare'u! tbat you s-Irct this Society, and clo not be Misled by tho similarity of Name of (-oine ofthe other younger Australia!. Offices. Tbe attention of the Members and the General Public is called to some of the special features ennnecied with tbe which is thf oldest Colonial Institution of its kind, bavin}? been established iv the year 1840, The results of the business for the Forly-first year, ending 81st Deoeuir 'ier. 1889, mny be summarised as under . — First— The number of the new 'joUelos issued was ll.fiG-i. j Sj-COXD —'I be new A-anrnnoo l.usi- i ness effectod \« as for £8.C79,4.')9. j 'Iniri. - Tho new Annual Pre-' mimn Income amounted t0£121,800. 1 FbTTRTii--*— The net increase to the | business. after r.llowinp for loss of . income from faiminnted Policiep, wns ; represented b*. 7028 policies, ussiiring ' £2,109.109. " ' j Firni.— The oper tions of the 3 enr rai fed the nnnnnl income of the society from £1 512,280 to £1,025---185. nn inrronsc in twelve months of £112,005. !"ij:ti(*— he/necnmula'edfnnd wi>s increnspd during' ibe yerir by the ' sum of _J7^2,01.1,_ equal to 71' per . cent, of the gross premiums reo'iveil. j Sevkkth — The denths jimonprlives ' assured were C 49 under 785 p^licift", cniifing claims upon tb»- Society amounting to £299,002 irrespective of-Bonus ndditions. while tho nnm- • ber cxi ected according to the Tables • usf d in estimating the liabilities j would have been 1143, for nn nmount of £488,976, the mortality j experienco being thus extremely • favourable. Eighth — The receipts from interest nnd rents were £516,882, an nmount exceeding the sum paid for thec'aiir-s by f 188,952. Ninth— The expenses of management were only 9.5 per cent, of the total receipts. Texth — The cash snrp'us divided for the year 1889 wos £420,494, being at the rate of 41 5 per cent, on tho premiums roceived. Tho operations of the Society during the 41 3'cars of its existence may be summarised as under — It has issued __.43.,90 l 7 policies, assuring ■£49,<_t_L v 7,717. It bao paii) to the rcpresent.tivrs of rte.oh»<»*. cl r.icmheiß over £4,000*--000 in satisfaction of death . ud mat vi eil e'ain... lt bas divided nmon-_ the menileis wish loiiupos appre vattufij over £*k,OOOjOOO) jitliliriL' revfifimi-. i ry -.fl.iitioi.B of over £8,000,*. 000. It has acquired an Accumulated Eund * of £9,000,00% all invested to yield -fStall^r 6 pes* <3ess.t. ±Ttt<ai} est. ." - ASSETS— New Zealp.nd- £1 ,273,514. ' EDWARD W. LOWE, Besident Secretary. Branch Office — Custom llouse Quay, Wellington. Foxton Agents — 1 t'jraNE Linton & .-» o-