Page 1 Advertisements Column 2

Manawatu Herald, 5 April 1892, Page 1

AUSTRALIAN MUTUAL PROVIDER SOCIETY. ESTABLISHED 1849. The Oldesl Mutual Life Office in Austral ) " New Zealend Branch : Head Offic.', Custom-house Quay, W lingtcn. ' Local Board of Directors : The Hon. Morean S. Grace, M.D., C.M.G MLC. (Chaiiman). Charles J.Johns'cn, Ivq. (Di-pu'y Chai VHM'). A fred de lUll'e Brand oil, Esq. The H.in. Edward Richardsor.-, C.M.G M.liß. Nicholas Keid, E^. Medical Offioer : J D.-. W. G. Kemp. M.R.C.S (Eugland). AS-ÜBE your life in tho Atistr. lion Mutual Provident Society nnd secure an Aninal Bonus b Dividend n privilege which no othc Colonial Life OlEce c.n grant it: members. Be careful thut you siloct thi Society, and do not be Misled by tin similarity of Name of &ome ofth< other younger Australian Offices. The attention of the Members and the General Public is called to soini of the special features counectec with the Society, which is th'; oldesl Colonial Institution of its kind, hay in/7 been established iv tho yea] 1849. The results of the business for th( Forty-first year, ending Slst December, 1889, may be summarised ns under : — First — The number of the new policies issued vras 11, CG .. Second —'ihe new A; surnnco business effected \\a9 for £8,679,459. Third -Tho new Annual Premium Income amounted to £121,800. Fourth — The net increase to the business, after allowing for loss of income from terminated Policies, was represented by 7028 policies,nssuring £2,109,199. Fifth — The oporj tions of the year raised tho annual income of the society from £1 512,280 to £1,625---185, an increase in twelve months of £112,905. : Fixth — ' he accnmula'ed fund was increased during the year by the sum of £742,811, equal to 71 per cent, of tho gross premiums reoeived. Seventh— The deaths among lives assured were 649 under 785 policies, causing claims upon tho Society amounting to £299,602. irrespective of Bonus additions, while the number expected according to the Tables used in estimating the liabilities would have been 1148, for nn amount of £438,976, the mortality experience being thus extremely favourable. : Eighth — The receipis from interest and rents were £516,882, au amount exceeding the sum paid for the olaims by £188,952. NiNra^-The expenses of management were only 9^5 per cent, of the total receipts. f TBNTHrrThe cash surplus diyi<Uudt for the/year HBs9 ; wps v£426,*04, being at the rate of 41 5 per cent, on the premiums reoeived. The operations of the Society during the 41 years of its existence may be summarised as under — * It has issued 141,007 policies, assuring &4c9 i <kX r 7, r 71 r 7. It has paid to the representatives of deceased members over £4,000,* 000 in satisfaction of death and uiatu.'ed c' aims. lt has divided among the members cash 1 onuses aggregating over £4k 9 - -000,000, yielding reversionMy additions of over £8,000,» 000. It has acquired an Accumulated En nd nf £9,000,000, all invested to yield fully 6 pev cent* interest. ASSETS— New Zealand- £1,273,514. EDWAED W. LOWE, Besident Secretary. Branch OfficeCustom House Quay, Wellington. Foxton Agentß-— ■'JITYNNE LIKKW * cO,