Page 1 Advertisements Column 2

Manawatu Herald, 16 April 1892, Page 1

AUSTRALIAN MUTUAL PROVIDENT SOCIETY. ESTABLISHED 1849. The Oldest Mnttial Life Office in Australia. Now Zealand Branch : Head Office, Custom -house Quay, Wel» lington. Local Board of Directors : The Hon. Morgan S. Grace, M.D..C.M.G., M L 0.. (Chairman). i Charles J. Jobnst on, t>q. (Deputy Chairmai.). A'ired rie Ba'be Brandon, Esq. The Hon. Edward Richardson, C.M.0., M.H R. «. Nicholas Keid, Esq. Medical Officer : Dr. W. G. Keir.p, M.E.C.S. (England).

\ S*URE your life in tho Anstral\ lian Mutual Provident Society, and secure an Amrja-l Bonus or Dividend, a privilege which no other Colonial Life Office cm grant its members. Be careful that you select this Society, and do not be Misled by the similarity of Name of some of the other younger Australian Offices. The attention of the Members and the General Pub'ic is called to some of the special features connected with the which is the oldest Colonial Institution of its kind, having been established in the year 1849. Tho results of the business for the Forty-first year, ending 31st December, 1889, may be summarised as unr'er ; — Fibst— The number of the new policies issued was 11,664. j Second— 'l he new A'suranco busi- 1 ness effected was for £8,679,459. 'I hind- The new Annual Premium Income amounted to £121,800. ForBTH — The net increase to the business, after allowing for loss of income from terminated Policies, was represented by 7028 policies, assuring £2,109.199. Fifth — The operations of the year ! raised the animal income of the j society from £1 512,280 to £1,625---185. an increase in twelve months of £112,905. Fixth — he accumulated fund was increased during the year by the sum of £742,811, equal to 71 per cent, of the gross premiums received. Seventh — The deaths among lives assured were G49 under 735 policies, causing claims upon tho Society amounting to £299,602 irrespective of Bonus additions, while the number exs ected according to the Tables us*d in estimating the liabihtirs would have been 1143, for an amount of £488,976, the mortality experience being thus extremely favourable. Eighth — The receipts from interest and rents were £516,832, an amount exceeding the sum paid for the cairns by f188,952. Ninth— The expenses of management w«>re only 9.5 per cent, of the total receipts, Teoth — The cash surp'us divided for the year 1889 was £426,494, being at the rate 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 has isßued 3.41,907 policies, asEuring £49,417,717* It has paid to the repreaeiit^ms of de« cencfd zuembers ovei £4,000," 000 in sitisfaction of death and matuied c'aims. , It has divided among the members cash V onuses aggregating over £4,---000,000, yieldinu revi pi. n-M-y adrtitiona of over £8,OOO,« 000. It has .acquired an Accunmlated Eun^ of £9,000,000, all invested to yield fully 6 pev cent* interest. ASSETS— New Zcaland-£1,273,514. EDWARD W. LOWE, Kesident Secretary. Branch OfficeCustom House Quay, Wellington. Foston Agents — IHYNNE UNTON & ( 0.