Page 1 Advertisements Column 2

Manawatu Herald, 7 April 1892, Page 1

AUSTRALIAN MUTUAL TROVIDENT SOCIETY. ESTABLISHED 1849. The Oldest Mutual Life Office in Australia. New Zealand Branch : Head Offic, Custom-house Quay, WtN liugtcn. Local Board of Dirrctois : The H.m. Mnrean S. Grace, M.D..C.M G., M LC. (ChMiuian). Charles J. Johns: rn, K-q. (D.pn'y Chairii) nt ). A frpH de Baibe Brandon, Esq. The Hon. E.lwaid Richardst*, C.M.G., M.U It. Nicholas Ki'irf, Eiq. Medical Officer t D.. W. G. Kemp, M.R.C.S (En M land). AS URE your life in the Ansiralinn Mutual Provident. Society, ami secure an Ainria 1 Bonus or Dividend, n privilege which no other Colonial Life Oi'Hcc c n grant its members. Be careful that you si-lrct this Society, and do not be Misled by tho similarity of Name of fome oflho other youngr-r Australian Offices. The attention of the Mounters and the Genera! Pubic is cal'ed to some of the special features counocled with the v 'oeiftv, vhiih is the oldest Colonial Tnslitntion of its kind, having b<en estnbli&hed in tho year 1849. The results of the business for the Forly-first year, ending 31st Decein- , ber, 1889, may be summarised as un^er : — Fibst— Tho number of the new policies issued was 11,604. Second — r l he new A' snrnnco business effected *as for £8,679,459. j Tnu.D-Tho nfw Annual Premium Income amounted t0 £121,800. j Fourth — The net increase to the | business, al'ioi' * llowing fov less of income from terminated Policies, was j represented b_> 7028 nolirieSjfcßsuring ' £2,109,190. j Fifth- The operations of the 3 ear raided the annual incoino of the ' society frcn. £1 512,280 to £1,625. 185, nn iiuroasc iv twelve mouths of £112,905. Fixtii — he accnmula'ed fond was increased during the year by tho ' sum of £742,811, equal to 71 per. , cent, of tho gross premiums reorived. Sevekth—Tlig deaths among lives assured were 049 under 785 policies, causing claims upon th« Society amounting to £299,602. irrespective of Bonus additions, while the niim- 1 ber expected according to the Tables ( usi d in estimating the liabihtu s would have been 1143, for an amount of £488,976, the mortality experience being thus extremely i favourable. Eighth — The receipts from interest and r-ents were £516,882, an amount exceeding the sum paid for j the claims by £188,952. Ninth— The expenses of management were only 9.5 per cent, of the i total receipts. Tenth — The cash surplus divided for the year 1889 was £426,494, being at the rate of 41 5 per cent, on tho premiums received. Tho operations of the Society during tho 41 years of its existence mny Le summarised as under — It has issued 141,907 policies, assuring jS<£9,<S:l f 7,71 f 7. It hr.s paid 10 the representatives of decenfurl members over £4)OOO)> GOO in Bclisfactioii of death i ud in»tu:ed c'nime, , It baa divided among the members cash 1 onuses aggregating over £4,---000)000) jitldinu le^eision--1 ivy additions of over £5,000,---000. I It hns acquired an Accumulated Eund ' of £9,000,000, all I invested to yield L fully O per cent* interest. ASSETS- New Zealnnd- £1,278,514. I EDWARD W. LOWE, * Eesident Secretary. Branch Office — Custom House Quay, Wellington. Foxton Aqoiilh— ■ 'i nVNNK UNTON « ' H,