Page 1 Advertisements Column 2

Manawatu Herald, 3 May 1892, Page 1

AUSTRALIAN MUTUAL PROVIDENT SOCIETY. ESTABLISHED 1849. The Oldest Mutual Life Office in Australia. New Zeuland Branch : Head Offio-, Custom-house Quay, Wellington. Local Board of Directors : The Hon. Mown S. On.cc, M.D.,C.M.G.. M L C. (Chttirrnan). ChailcsJ. Jobra-on, E?q. (Dtpuiy Chairmat). A'fred i',e Batl-e Brandon, Eeq. The Hon. E.lward Richardaoi., C.M.G., M.H.B. Nicholas Reid, Esq. Medical Officer : D . W. G. Kemp. M.R.C.S (Eugland). AS UftE your life isi the Auslralhm Mulunl Provident. Society, mil Efciuo an Auirxu 1 Bonus or Dividend a privilege which no other Colonial Life O Tee o n grant its memhers. Be careful that j-ou s«kct this Society, and do not be Misled by tlio similarity of Narao of f-ome of the other younger Australian Office*?. The attention of the Members and the General PubMc is called to some of the specinl features connected with the *ociftty, vhii-h is th<> oldest Colonial Institution of its kind, having been established in the year 1849. The re&ults of the business for the Forty-first year, ending 31st December, 1889, may be summarised as une'er : — First— The number of the new policies ianied was 11,064. j Second — 'i he new A'snrnnco busi- i ness effected «as for £8,679,459. 'I niitD - T he nfw Annual Pre* mium Income amounted t0 £121 ,800. Fotjkth — The n«t increase to the business, after »llowiug for loss of income from tominatcd Policies, was represented b, 7028 poH(ics,nssnring ! £2,109.100. * j Fifth— 'l he oper ti^nsof the jenr raif-rd the nr-nual income of 'ho society from £1 512,280 to £1,025- , 185. nn increase in twelve months of £112,905. j .'■ ixth — he accniViula'ed fund was iucrensod during the year by the j sum of £742.811, equal to 71 per cent, cf tLe gross prem : uniß re- , otived. Seventh — The deaths among lives assured were 049 under 785 p lieio', cnubing claims upon tho Society amounting to £299,602 irrespective of Bonus additions, while the number ex| ected according to the Tables usd in estimating the liabihtifs would have been 1143, for an amount vi £458,976, the mortality experience . being thus extremely favourable. Eighth — The receipts from interest and rents were £516,832, an amount exceeding the sum paid for thee'ains by 41 88,952. Ninth— The expenses of management were only 9.5 per cent, of the total receipts. Tenth— The cash Eurp'us divided for the year 1869 was £426,494, being at the rate of 41 5 percent, on the premiums roceived. The operations of the Society duriug the 41 years of its existence may Le summarised as under — It has io6iud 14X9807 policieß, &8> Euiing £49,417,717. It I 1&8 paid to the representatives of de> I cepo^ ruinl eia over £4,C00,* > ' 000 in Bitif faction of death tud [ lua 1 11 etl c niniE, 1 It hna divided timcufi tie mcmbeis cr.eh loMitfE'B apyrfjatn'g over £4,» CCQ,COCj jitluiiu' re^^'pion- .■ ry fcH.i.tious of over £S S OOO,--000. ' it h s auj'n'reil on Aummnlated Eun.l of £9,000,000, all r invested to yield fully 6 per cent* Interest. ASSETS— K«W Ze»]»nd- £1,278,614, EDWAED W. LOWE, Kesident Secretary. Branch Office — Custom House Quay, Wellington. Foxton Agents — TJIYNNE LIKTON & 0.