Page 1 Advertisements Column 2

Manawatu Herald, 2 April 1892, Page 1

AUSTRALIAN MUTUAL PROVIDENT SOCIETY. ESTABLISHED 1849. The Oldest Mutual Lifu Oflice iv Austialia. New Zealand Braiic-1: : Head Offic , Custntn-liouf.e Quay, WtU lingtcu. Local Boiird t-f Dinct >-.s : The llmp. M»r>.»» S. Grace, M.D.,C.M G., M LC. (oli:.in«iMi). Chui'.fs.i. .lo'-.i soi>, 1- q. (D.puy Chuirma» ). A Uv>\ .W Ba'l<c Bronf'on, Esq. The H >p. 1-Mwßftl Ridiardsui.. C.M.G., V..U 11. Niulxileib Kbi^, E:q. Tvf.iiicJ Cffiotr : D.W.O. Xi » v , M.'I.C.S {Unhand). j\ S VRVi your li-V in 'he An.-fi'n- \ li«M Mufu:i.l Pi-ovit"*o!it- Society, n»MI f<"c'!VO nn Bonus or V.'iviiienl a ])rivil»^c wLi hnnrtl.er Co'onial Life O^'ce c ;i grant its mcmlo'.s. Be cnve'iil tlr t you s kct tin's Society, ami do not l:e Misled by the similarity of Nfitne of some of the other yonnpffr Australia!! Office. 0 . The atlention of the Members and the General Pubic is eal'ed to soujo of tho special .features cnnnecUd wilh the c cci ty. vhich is fh" oldest Colonial Tns'itnfion of its kind, havins? L.i en cstabl^-hcd in the year 1840. The results of the businofs the Forfy-first year, ending 31st Decem- , her, 1889, 'mny l^o summnviseel ns linger . — First— Tho numl er of the new policies is?ncd vra? 11,004. .Second -'? ho new A'snrnnfo 1-nsi-ness effected v a; for £3,679,459. 'inii-n -Tl.o nrw Am.ual Premium Incon-.o amounted t0 £121,800. ForfiTK — Ti'.c not increase to the ■ business a. : '!o:- ..llowinj? for 'ess of income frr>»si tcnuinated Policies, was ropreseinod b> 7028 nolk-ies,ussuring £2,109.190. Fiith - The opcr lions <;f the year raiFt-d the nriiiml income of ihe society frcm £1 512,280 to £1,025---185. nn inrreaso in twelve months of £112,905. Sixth — he accmnnlti'cd fund was increased dui-ng the year by tho sum of £742,811, equal to 71 per i cent, ci the gross premluu.s received. i Skykntii — The deaths amonprlives assured xrcro 049 under 735 p'licio' 1 , caui-ing claims upon the. Society amounting to £299,002 irrespective of Bonus additions, while the number exj ecteiJ according to the Tables us<d in estimating the liaMhti'S would have bren 1143, for nn nmount of £488,970, the mortality experience being thus extremely 9 favourable. Eighth — The receipts from interest and rents were £516,832, an nmount' exceeding the sum paid foi the c'aims by Ninth— The expenses <>f manageraent were only 9.5 per cent, of tht b total receipts. Tenth — The cash purp'us diridec for the year 1889 was £426,494 being at the rate of 41. 5 percent, oi: the premiums received. The operations of the Society dur ing the 41 years of its existence ma; be summarised as under — It has issued 141,907 policies, as suriag £549,<£2.'7 9 717* It has paid lo the rtpresertiiivts of Ac ceased r.iembeis over £4,000, 000 in sr-tisfrction of deaih mi I roalir.ecl c'nims. , It has divided nmeng the mcmbeis cr.t \ onuses aj2erej.aiii)g over £4k, 000,000, yit-3<Hiii» rev. m. i " j vy juifhtioha of over £8,000, OQO. [) It has acquired an Accumulated ]Jun W of £9,CC0,0C0, jal invested to yie>l< fully 6 per cent! interest. A SSETS— New Zealand - £1,273,514. )f EBWABD W. LOWE, ■© Resident Secretary. Branch Office — Custom House Quay, Wellingto: Fox ton Agents — -,FIYNNE LINTON & <0.