Page 1 Advertisements Column 2

Manawatu Herald, 26 April 1892, Page 1

AUSTRALIAN MUTUAL PROVIDENT SOCIETY. ESTABLISHED 1849. The Oldest MuUial Life Office in Australia. New Zealand Branch : Head Office, Custom-house Quay, Wellington. Local Board of Directors : The Hop. Morgsn S. Grace, M.D.,0.M.G., Al LC, (Chaiiman). Charles J. Johns: on, E s q. (Dt-pu'y Chairrnai). A'frerl de Balr-e Erandou; Esq. The. Hon. Edward Richardsor , C.M.0., M.H.R. Nicholas l»ei< ? , Esq. i Medical Officer t D . W. G. Kemp, M.P.C.S (England). AS'-URE your life in lhe Australian Mutual Provident Societj*, and eccnre an Aniria' Bonus or Dividend, a privilege which no other Colonial Life Office c.n grant its members. Be careful that you s^kct this Society, ami do not be Misled by the similarity of Name of tome of the other younger Australian Offices. The attention of the Members and the General Public is called to some of the special features connected with the Society, which is the oldest Colonial Institution of its kind, having bren established in the year 1849. The results of the business for the Forty-first year, ending 31st December, 1889, may be summarised as under : — Fibst — The number of the new policies issued was H,fiG4. Second — 'J he new A > surnnco business effected was for £3,679,459. 'Jhipd — The new Annual Premium Income amounted t0 £121,800. Fourth — The net increase to the business, after allowing for loss of income from terminated Policies, was represented by 7028 policies,fissuring ! £2,109,199. * j. Fifth — The operations of the year ; raj Fed the annual incoroo of the society from £1 512,280 to £1,625- j 185. an increase in twelve months ' of £112,905. •'•■ixth — be accumulated fund was increased during the year by the j sum of £742,811, equal lo 71 per cent, of the gross premiums re- j ceived. Seventh — The deaths amongliyes assured were G49 under 785 policies, causing claims upon tho Society amounting to £299,602 irrespective of Bonus additions, while the num- > ber exi ecteri according to the Tables ! us'-d in estimating the liabilities : would have been 1143, for an amount of £438,976, the mortality experience being thus extremely favourable. Eighth — The receipts from interest and rents were £516,882, an amount exceeding the sum paid for the c'aims by £188,952. Ninth— The expenses of management were only 9.5 per cent, of the total receipts. Tenth — The cash eurp'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 141,90*7 policies, assuring £49,417,717. It has paid to the representatives nf decensrd members over £4,000,--000 in satißfrction of deaih md uialuied claims. It has divided auioug the members cash bonuses aggregating over £4,---000,000, yielding re^P'pinnnry crlrhtioiis of over £8,000,~ 000. It has acquired an Accumnlated Enn^i of £9,000,000, All invested to yield fully 6 pen* cent interest. ASSETS— New Zealand-^- £1,278,514. EDWARD W. LOWE, Resident Secretary. Branch Office — Custom House Quay, Wellington. Foxton Agent*—