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AUSTRALIAN MiriTAL PROVIDENT | SOCIETY. ESTAPLISHED 1849. The Oldc-Bi Mulnal Life 'Office in Australia. New Z-juland Dranck : Meatl Offic , Cuetotn-l.cuec Qany, WtN lingU.it. TxcJ Boaid of Dirrctois : The H »p. "Morgan S. (hi cc, M.D,,0.M G., Al I.C. (Chtim-HiO. Cluilia.l. JoLlb-ih, Kg. (D-vny Chair- | mat ). A frnl <:e Pu»'Ve Rranf'on, E>q. Tin' IW. I'M vv :uil Uicl.ardwi , ('.M.0.. M.H U. Niclidae Kti< ! , E ; <«. MhYxuhl Cffioi : i D. W. C,'. Ktirp. M.^.C.S (K. IK l..nr). "A R -UKK vr.ui life in iho Ansfrar\ liim Mutunl ProvMos.t. Sociely, m d prcr.io nn Aiiirm' Bonus or Divi»'ei)'-1 n pvi* iloge \vliitli jjnt-tl.or ! Co'oiiidl Life OTco.c n ■•grant i(s meniLovp. Be cnre'ul thnt you s.-Uct this Society, and do not be Misled by lho similarity of Nnrae of some of the other youngir Au.-trh!in« Offices. The attention of the Members and the General Pubic is cal'ed to some of the speciiil features ennnocied with the c ocit-tv, whuh is.th»* oldest Colonial insMtntion of its "kind, having been esl«bl : s.hcd in the year 1849. The results of the hus.ir.ers for the Fovly-firsl year, ending 31st Decein•icr. 1680, may 'be ■summarised as mir'er . — First -The number of the now lolic-ios issued was 11,06 d. Srcoxii -'. he new A sm-iinco business effoeiecl v as for £3,670,150. 'Jnri.D-Tlo nnv Annual Premium Income amounted t0 £121,800. Forr.Tii — The net increase to tho 'busir.csß after . llowinp: for less of income from f.Kminated Policiep, wns rep'.esentrd b. 7028]?o]i:ies,i.ssuring £2,100.100. Fifth - Tlic oper tims cf the j ear raided the anr.mil income of 'ho societj fi-cn- £l 512,280 (o £1,626---185. ;m imronse in twelve months of £112,903. ixtji — hv ficcnn.nla' ed fund wns increased dur'ng the yenr by the sum of £712,811, equal io 71' per cent, (.i the gross premaia'S ro« oiived. . Bevkntii — The deaths amonglives assured worn 040 under 755 p- licift*, enn.-ing claims upon tl»« Society amounting to £290,602 irrespective of Bonus additions, while tho number cxi ecte'd according to the Tables usd in estimating the liabihti«s would have been 1143, for fln amount of £438,976. the mortality experience being thus extremely favourable. Eighth— The receipts from interest i\iv\ rents were £516,882, an amount exceeding the sum paid foi thecnims by £138,952. Ninth— The expenses of management were only 9.5 per cent, of th« total receipts. Texth — Tho cash furp'us divided for the year 1889 wns £426,494, being at the" vate of 41 5 per cent, on the premiums received. The operations of the Society dur iug tho 4) years of its existence inaj Le summarised as under — It las issued 141,9C7 policies, as It hue paid «o the rt preßent.it ives of de ceaf<f? r.sein*"eisover jg4tjOOOj' ! 000 in sitiefectioi. of death ;w : inatu'eil enimr. , It has divided among the me mleis o-^bl lonuffs aggregating over £4t,' OOO)OOO* }it-liiini/ reve>t<ii>n i ry ftdrltions of over £8,000, 000. ! It has acqiiired an Acnimnlaied Eun oi £9,000,000, Cbi: invested to yielx fully 6 pev cent interest. ASSETS- New inland- £1.273,514. EPWAKD W. LOWE, > Resident Secretary. Brarch OificD— Custom House Qiiaj-, Wellingtor I ;i ONton At'Pnts'— •SHYSSK UNTOX « n,

Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/MH18920409.2.2.2

Bibliographic details

Manawatu Herald, 9 April 1892, Page 1

Word Count
506

Page 1 Advertisements Column 2 Manawatu Herald, 9 April 1892, Page 1

Page 1 Advertisements Column 2 Manawatu Herald, 9 April 1892, Page 1

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