Page 1 Advertisements Column 2

Manawatu Herald, 14 April 1892, Page 1

AUSTRALIAN MUTUAL PROVIDENT SOCIETY; ESTABLISHED 1849. The Oldest Mu'ua 1 Life Office in Auatralia. New Zealand Branch : Head Offic, Custom-house Quay, We!« lingtcn. Lrca.l Board of Directors : The Hnn. More *n S. Gr. ce, M.D., C.M.G., W L 0 .. (Ch.iitniHn). Charles J. Johns' en, E-q. (Dipuiy Chaitmai ). A fred de B.^he Brandon, Esq. The Hon. Edward Richardson, C.M.G,, W.H R. Nicholas Keid, Esq. Medical Officer : D . W. G. Kemp. M. H.C.S (Eugland). i AS URE yr.ur life iii the Australian Mutual Prov'.ileut Society, ar.d sccr.ie an 'Ann "ist. 1 Bonus or Dividend n privilege which uo ether Co'onial Life ChTce e n grant its members. Bo careful thst you sekct this Society, and do not he Misled hy tho similarity of Name of fonie ofthe other younger Australian Offices. The attention of the Members and the Genfral Pub'ic is called to some of the special features connected with the Society, which is the oldest Colonial Tnslitntion of its kind, having leen established in the year 1849. The results of the business for the Forty-first year, ending 31st December, 1889, may he summarised as under . — Fikst— Tho number of the new rolicies isfuod was 11,004. Second — 'i ho new A' suranco business, effec! ed «aa for £3,079,459. ':' nn r>- Tho new Annual Premium Income amounted t0 £121,800. Foujsth — Tho net increase to the j business, after cUowing for loss of j income from terminated Policies, was | represented bi 7028 nolicies,assuring ! £2,109,199. * j Fifth— The oper .tions of ihe yenr ■ raieed the arnnnl income of ihe ' society from £1 512,280 to £l,G2_- j 185, an increase in twelve months of £112,905. I »*-n_r_i — ho accumulated fund was icerer.sed during the year by the j sura of £742,811, equal to 71 per cent, of the - gross premiums re- 1 ceived. | Skvekth— The deaths amonglives assured were 049 under 785 p dicie=, canting claims upon the Society amounliiig to £299,602: irrespective of Bonus additions, while the nom- , ber ex; ected according to th.e Tables I us'd in estimating the liaMhti-s would have heen 1143, for an amount of £438,970, the mortality experience being thus extremely favourable. Eighth — The receipis from interest and rents were £516,832, an amount exceeding the sum paid for the c'aim s by £188,952. Ninth — The expenses of management were only 9.5 per cent, of tho total receipts. Tenth — The cash . urp'us divided for the year 1889 was £426,494, heing at the rato of 41. 5 percent, on the premiums received. The operations of the Society during the 41 years of its existence may be summarised as under — It ba_ issued 141,907 policies, assuring _54L9,4tl r 7, r 71 r 7. It has paid to the representatives of deceased rjf inhere over Jg 4,000,---000 in satis., ction of death tnd i_at_ied c'nime. lt has divided among the members cash 1 onuses aggregating over J£4,<---000,000, yielding re»'emo_r ry _dii;tio_B of over £8,000,« 000. lb bas acquired au Accumulated Eun.i of £9,000,000, all Invested to yield fully' 6 pe_? cent* interest. ASSETS— New Zealand- £1,273,514. EDWARD W. LOWE, Beßident Secretary. Branch Office — Custom House Quay, Wellington. Foxton Agonts — ill .-NNE LINTON & ' O.