Page 1 Advertisements Column 2

Manawatu Herald, 23 April 1892, Page 1

AUSTRALIAN MUTUAL PROVIDENT SOCIETY. ESTABLISHED 1849. The Oldest Mu'.ual Life Office in Australia. New Zealand Branch : Head Office, Custom-Louse Quay, Wellington. Local Board of Dirtctois : The Hop. -Moron .B. Grace, M.D.,C.M:G., JVJ LC. (Chairman). - ChsjlesJ. Johus-ou, K-q. (D.pu'y Chairma'i). A'freil «le P.a'.l'c Br."iH?on, Esq. The Hon. Edward Richardsoi, C.M.0., M.H R. Nicholas Hei<', Ekj. Medical Officer : D . W. 0. Kemp. M. fi.C.S (England). AS URE your life in I lie Anslralinn Mutual Provident Society, and fcc'uve an Ann'*ia' Bonus or DivFeivi a privilege which uo other Co'cnial Life OfTce c v grant its members. Be careful that you srlfct 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 aud the General Public- is called to some of tho special features connected with the Society, which is th« oldest Colonial Institution of its kind, Laving been established in the year 1849. The results of the business for the Forty-first year, ending 31st December, 1889, may be summarised as unfar . — Fiest —Tho unmher of the now jolicies issued was 11,064. j Sfcond —'1 he new A^slll l nnco Uusi- 1 ness effected w as for £3,679,459. 'Ihiid- The now Annual Premium Income amounted to £121,800. Fourth — The net iuci'ease to the business, after allowing for loss of i income from terminated Policies, was j represented bj 7028 policies,nssuring ' £2,109.109. | Fifth— The operations <>f the year ' raieed the annual income of the ' society from £1 512,280 to £1,025- j 185. r.n increase in twelve months of £112,900. j • f ixTii — h( nccmnula'edfr.nd was increased during the year b}' the j sum of £742,811, equal to 71 per cent, cf the gross premiums re* j coived. Seventh — The deaths amonglives ' assured were C 49 under 785 policies, caiibing claims upon tho Society amounting to £299,602. irrespective of Bonus additions, while the number ex\ ecteil according to the Tables usfd in estimating the liaMhti<s would have been 1143, for an ' amount of £438,976, tbe mortality j experience being thus extremely favourable. Eighth — The receipis from interest an«l rents were £516,882, an nmount exceeding tbe sum paid for the c'aims by £188,952. Ninth — The expenses of management wore only 9.5 per cent, of the total receipts. 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 operatioiiH of the Society duriDg the 41 years of its existence may be summarised as under — It has issued 141,907 policies, ascuring £49,417)717. It has paid to the representatives of decenpi rl lucmbeiß over £4,000,OCO in satisfaction of death t>nd maU: eil c'aims. i It has divided amcDg the members caeh lonuces appre^ating over £4,---000,000, vieldint? revHicion- .• rv Mi'hiious of over £8,000,> 000. It has acquired an Accumulated Eunri of £9,000,000, all invested to yield fully 6 per cent, interest. ASSETS— New Zealand- £1,273,514. EDWAKD W. LOWE, Resident Secretary. Branch OfficeCustom House Quay, Wellington. Foxton Agents— •jnYNNE MNTON * «n,