Page 1 Advertisements Column 2

Manawatu Herald, 19 April 1892, Page 1

AUSTRALIAN MUTUAL PROVIDENT SOCIETY. ESTABLISHED 1849, The Oldest Mutual Life Office in Australia. New Zealand Branch : Mead Offie , Custom-house Quay, Wtllingtcu. Lncal Boiid of Dirrcto»B : The Hop. Mnrsw S. Grace, M.D..C.M.G., AJ L C. (ChhiiinHu). CharlisJ. Johi.s'ou, E-q. (Di-pu'y Chairmai ). A frr-<' f'e Bi he PramW, E?q. The Hop. Ivdwaid Uichardtwii, C.M.G., IVJ.H K. Nicholas Xt-id, li^q. Aiedictl Cffici-r : D:. \V. (1. Ktrrp. M.V.C.S (England). AS T T RI\ you 1 . -Hip in »he An.-lrn- /'"\ liiui Mntu:sl Prov'»:t.'i.t- Society, a' (l ppcmo mi Ajiir 1 .:-! 1 Pxnius or Divi.-esii] n privilrge v> hich i:o other Co'cnial Life 0 Tee c n gr.iDfc its members. Be careful tlmt you s«lfcfc this Society, ami do not be Misled by the similarity of Nfirao of some of the other 3'oungu 1 Australian Offices. The atlontion of the Members and the Genrra- PuVic is caVed to some of the speciul features connected with tho -'ccif-tv. vhii-h is tli« oldest Colonial Tns'itution of its kind, having hi en established in tho year 1849. The results of the business for the Forly-first year, ending 31st December, 1889, may be summarised ns nnr'cr . — First - Tho numler of the new jolicies is?uod was 11,064. j Second — r i ho now A-snrnnco husi- ' ness effectod *a* for £8,079,459. j 'Ijiii.d Tl:e nrw Annual Pre- j lniam Income amcacied to £121,800. Fourth — The net increase to the business after -llowinj? for loss of income from tcirainated Policies, was represetifrd b\ 7028 folicies^ssuring £2,109.199. Fifth — The oper ti<nsof thn year vaiffd (he arnunl income of 'he society from £1 512,280 to £1,025---185. an inn-ease in twelve mentis of £112,905. ; ixtil — In Bcohftjula'cd fund was iDcrensod during the year by tbe sum of £742,311", equal to 71 per cent, (f the gross premluir.s recfrived. Seventh — The deaths amonglives assured were C 4.9 undoi 785 p licio^, causing claims upon th« Society amounting to £299,602 irrespective of Bonus additions, while the number ex; ecteil according to the Tables us' el in estimating the liabilities would have been 1143, for rin amount of £438,970, the mortality experience being thus extremely favourable. ! Eighth— The receipts from, interest um\ rents were £516,882, an amount exceeding the sum paid for the coin* by $ 188,952. Nikth— The expenses of manage* paeiit were only 9.5 per cent, of the total recpipts. Tenth — 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 issued 141,907 policieß, a - It Übh i>uid to the rcpreseuta lives of de-eei-M <1 iurinbers over £4,000,---000 in satisfaction of death icd uiaiuieJ c'ftime. , It bas divided nmoug the members cash 1 ohufos aapre^atiug over £4,OOOjOOOj jieluini? re^e>i>ii>n«.ry Ml.vi.iouß of over £8,OOO,» 000. It has acquired an Aocumnlated Kund of £9,000,000, All invested to yield fully 6 per cent* lyite|?eat« ASSETS— New Zealand- £1,273,514. EDWABD W. LOWE, Besident Secretary. Branch OfficeCustom House Quay, Wellington. Foxton Agents — THYNNE LIN TON & 0.