Page 1 Advertisements Column 2

Manawatu Herald, 30 April 1892, Page 1

AUSTRALIAN MUTUAL PIIOYIDENT SOCIETY. ESTAriLISBED IS4O. Tht Oldtsi Mu'ual Life Oflice in Aush alia. Kcw Z"datul Brandt : Head OHio , Ctibtom-I.ouse Qnaj', WeN ling'cti. Local Board of Directors : Hie Hop. Morann S. Grace, M.D.,C.M G., AJ I. C. (Ch.-.iiiiiaii). ChKihsJ. Joln.ai.n, F/q. (D.puiy Chairmm ). A fied i!e BatVe rrnndon, Esq. The Hun. lvlwaid Richardsm-, C.M.G., Nicholas Keii l , E>q. Medical Officer : D . W. Q. Keinp. M.H.C.S (Eugland). AS URE your life in the Australian Mtitnnl Proviclent md prcuio an Aiiiria' Bonus or DivMen«l a privilege which no otlier ('o'pnial Life 0 •'cc c n grant its members. Bo careful th»it' you si-Vet this Society, and do not be Misled by tho similarity of Nsmie of some of the other youngrr Australian Offices. The attention of the Members and the Genera! Pubic is called to some of the special features connected with the ''ocir-ty, which is tlip oldest Colonial Inslitntion of its kind, having l.i en established in the. yeai 1 1849. The results of the business for the Forty-first year, ending 31st Dccem-. V»er, 1889, may he summarised as une'er: — First— The numher of the new policies isFucd was 11,004. j Second -'i ho new A'snrnnco l.usi- i ness effected v. as for £3,079,450. 'Ihikd- The "n<\v Annual Premium Income amounted t0£121,800. FoufiTit — The not increase to the business, ni'toi- allowing for loss of income frnv. terminated Policies, whs -rnpr.oseiifcd b> 7028 i oli; ies,{!ssnring £2,109.190. ' | Fifth — The oper tii-ns of iho \ ear \ raided the nrmml income of "lie ! society from £1 512,280 to £1,G25- i 185. fin iiifrease in twelve months of £112,905. ■ c jxth — he Rccnmuln/ed fund was iucver.sed during the year by the} sum of £742,311, equal lo 71 per cent, cf the gvoss prcm'uihs re- j ci-ivGil. Sevekth — The deaths nmonglives assured worn 649 under 785 p lioio 1 -, causing claims upon lli« Society amouutiiig to £299,002 irrcsjiective' of Bonus -additions, while the number ex; ectot! according to the Tables us« d in estimating the liaMhti' s would have been 1143, for nri amount of £488,976, "the mortality experience being thus extremelyfavourable. Eighth — The receipts from interest «ml rents were £516,832, an amount exceeding the sum paid for tbecnin.s by f 138, 952.'. Ninth— The expense's of managepjent were only 9.5 per cent, of the total receipts. Tenth — Tho cflsh Eurp'us divided for the year 18&9 was £426,494, I eiug at the rale of 41-5 percent, on the premiums received. The operations of .the Society during tho 41 years of its existence may I o summarised as under — Ithasitsuid 141,907 policies', asmiirg 54L9,4t1'7, l 71 > 7. It han yiuui to the npresenta lives of de-ci'i-si i\ rj(inVeiß over £4,C00,- --[ 000 iv si lisfaction of death uod I. main eJ c'niniF. i It has divided unions the mcmbeis ensh loimscs aggrcj:aiing over £4c 9 m 000,000) jitKiini' reVeipion- .- ry tdo lions of over £5,000,---000. It his accjiiired an Acrumnlated Kun 1 of £3,000,000, all invested to yield fully 6 per cent* Interest. " ■ •< * - ■ ASSETS— New Zealand- £1,273,514. EDWAIID-W. LOWE, llesiueut Secretary. Branch Office — Custom House Quay, Wellington. Foxton Agents — - v - ; ,JtYNNK LIN TON & 0.