Australian mutual provident society. Established .Tun. 1, IS 19, and Incorporated by Act oi' Parliament of X. S. Wales, 20 Vict. (1847.) PRiycip.it OvFrcK —SYDNEY, Nnv South Waie3. DIIIECTOUS. Chairman—George King, Esq. Deputy Chairman—AiminiT.lloUtoYl),ESQ.,M.liA,. Eued. Ebswokth, Esq. John Fairfax-, Esq. ThOMAS J [oi.T, ESQ., M.L.A. Tin: J Ton. James Mitchell, Esq., M.L.C. Av/nanj and isrcre/nri/ —R. THOMPSON", Esq. BUSINESS OF THE SOCIETY. I. ASSURANCE of Every Contingency of Human 11. GRANTING AXNUITIES-Presenf,Deferred, or Reversionary. IH. GRANTrXG ENDOWMENTS for Children and for Old Age. The luitire Profits of the business belong to til# members, and are allotted to (hem from (ime to time, in exact proportion to tlx; value of their policios. EXTRACTS FHO3I TABLES. ASSI'RANCE BRANCH. Lite Assurance.—Premiums payable during Life to assure £100, with Bonus Additions, payable at- death. A;;e.J Premium. A u*o,! Premium. Age. Premium. £1 17 5 ! :i.-> ,£2 15 t 50 £1 9 10 23 2 2 S 10 II t r, 55 Ji 13 2 - » 2 IK i :t lli II Ell 7 14 Life Assurance. —Anmial premiums payable for a term ot years to assure £100, -with Bonus Addi/iuns, payable at death. Premiums to cease in 5 Years. | 10 Years. | 15 Years. | 20 Years. 20 .CO It 2 I U:l 11 10 1£215 (i £2 G 1 20 :ll) I S 5 8 I 1 1:1 H 3 !) 7 218 3 30 15 I 11 a Ci ! li (! 7 I -t 15 8 4 12 « "5 ; u :> « i s 5 5 ; t; a 5 sis 8 55 . ' i- i Endowment Assurance.—Premiums to assuro £100, witli Jiomix Additions, payable oil attaining certain ages, or at previous death. Previous Ucalli or at tlie at;e of 50 55 GO 65 25 10 1 ,C 2 IT li .€2 0 2 £2 3 7 « 11 li t 15 li .•( 15 1 3 3 3 10 10 t U It 11 5 18 • r "> 11 1 10 Joint Lives Assurances.—Survivorship assurances—Assurances by Ascending scales of Premiums—Assurances by descending scales of Premiums—and assurances of any other sort, with full participation in profits in every case, are also effected by the Society. Assurances may be ell'ected on one Life to the extent of,-£5,000. Claims are payable three months after proof of death. .Bonuses may be applied to the Extinction of future Premiums or their value in cash will belmndcd to the Member at his option. Conditions with regard to Voyaging, Rcsidenco Abroad, itc., &c., are unusually liberal. Present Annuities may be purchased on- liberal terms, and deferred ami reversionary annuities may bo secured either by a single payment, or by annual premiums, with Bonus Additions in every case. Endowments, with lion us Additions, payable cither on coming of age, or attaining any other age, may be likewise purchased, or secured by annual premiums. Policy fee in every case us. Loans on Policies to the full extent of their value. Premiums payabla yearly, half-yearly, or quarterly. Surrenders are accepted oil equitable terms. All the Tables of Rates a. calculated on tlio lowest terms, compatible wii'i perfect safety. EXAMPLES OF BONUSES. 1. Bonus on a Life Policy for £500, under tablo A., eii'ected at (be age of 10. i Amo ""« As " ! ! Total Policy, P:ite of rolicy. 'surrrl {:uul Bonn.*, ISoO. 1 on Feb. 29tb, j viuus Bonus). ; j 1859. I i I *»>«• ,sli > I 4»fl 1:1 7 ! £110 19 6 I ,€692 13 0 Jlarcli, lSol 551 8 111 Sli i) 2 i 837 18 1 A].rll, 1552 1 500 0 I) | 57 011 557 011 I Keitui'iinn of | Oisl, v-ilim Annual ProsDate of l'oliev. 1.. l ,r(! iniuia ni f 10 pective actdl,licu ..l proem OI tion till next j Itouus. ' • Investigation. ;', unc ; j 7 -Csl 73 I £12 6 7 Jlari'li. 15.,1 1 3 12 I! ;w s 10 12 7 0 Ajil-il. 1552 2 0 1 2115 10 fl 10 0 (-■) A Defi'ekkd Annuitv (the policy being elici ted early in LSI!)) for the original amount of £20 per annum, to commence in ISO", is now £29 Is. lOd. (">.) An Endowment Poi.icy payable in 1870, effected in the beginning of 1850 on the nominee coming of age, for the original amount of £-100, is now one for £50!1 17s. l)d. Comparative Statement ot Bonuses accruing to a Policy of Life assurance for £500, if effected at the am* of 40 in different oflices, after a duration of TEN years. i „ r-i.ii ProportionOmiT Orwnal t«i« y.aV.n „r at ® rodu °- rrcaiiaiii. Additions. •'' '® )f tions of fu- | ' tare prome. | British propriclar.v A'lfi 7 ij.C.VI 1(! S ,€23 G 7 £5 13 4 British Mr, tunl... 101 l 3 lot 4 0 1!> 10 0 311 10 Australian Mutual l'niviileut Society 10 2 1 102 13 0 80 17 9 813 1 ___ It will thus be seen that the profit to the assured ill this Society is more than three times that of first (•lass Proprietary Oflices, and nearly twice that of one of the most successful of all European Mutual Oflices. N.li. —The equitable principle of Annuity and Endowment policies, receiving the benefit accruing on these branches of the business is almost peculiar to this Society. It generally goes to enlarge the bonuses of assurance policies. If the same course were adopted by the Australian Mutual Provident Society the result would be a still greater advantage to its assurance policy-holders that is exhibited in the foregoing comparative statement. Cf£/"The attention of assurers is requested to tho following important privileges granted to the member* of this Society, and to them only. All its Policies are protected against the operation of the Insolvent Laws, after a certain term on a gradually increasing scale. Policies effected by married women arc protected against the debt and' control of their husbands. The Families of Assurers for small sums are saTed the expense of letters of administration. Prospectuses, forms of proposal, and every information may be obtained from any of the Society's A"ents, or Medical Referees in the Australasian Colonies, or at the Principal Oflice. Medical Referee for Auckland T. B. KenDEKDINE. J. A. aiLFILLAN, Agent. Auckland, November, ISG3. RATTRAY AND MATIIESON, SKIP BROKERS, cua TO M HOUSE, COMMISSION GENERAL SIIITPING AGENTS, QUE E X STR EE T WHA RF, A UCK l-ANO. J. U. BUENSIDE & CO., IMPORTERS, WHOL3S SAJj K DRAPERS, AND GENERAL WAREHOUSEMEN", QUEEN-STREET WIiABP, A U C K L A ND, N. Z.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/NZH18640118.2.17.6
Bibliographic details
New Zealand Herald, Volume I, Issue 56, 18 January 1864, Page 5
Word Count
1,057Page 5 Advertisements Column 6 New Zealand Herald, Volume I, Issue 56, 18 January 1864, Page 5
Using This Item
No known copyright (New Zealand)
To the best of the National Library of New Zealand’s knowledge, under New Zealand law, there is no copyright in this item in New Zealand.
You can copy this item, share it, and post it on a blog or website. It can be modified, remixed and built upon. It can be used commercially. If reproducing this item, it is helpful to include the source.
For further information please refer to the Copyright guide.
Acknowledgements
This newspaper was digitised in partnership with Auckland Libraries and NZME.