A.M.P. SOCIETY

New Zealand Herald, Volume LXX, Issue 21473, 22 April 1933, Page 7

A.M.P. SOCIETY

INCREASE IN BUSINESS LARGE BONUSES TO MEMBERS The report of the Australian Mutual Provident Society for the year ended December 31, 1932, the 84fcli of the society, discloses very satisfactory results. New assurances completed during the year in the ordinary department, including re-assurances of £54,633, totalled £10,351,020, as against £8,843,510 in the previous year. Jn the industrial department, policies assuring £3,259,301 were issued, compared with £2,057,324 in '1931. The amount paid to members or their representatives for the year was £5,510,825, making the amount paid since the establishment of the society £109,121,924. Claims by death in the ordinary department amounted to £2,371,701, including £905,609 for bonus additions, against £2,230,000 and £800,790 respectively. Endowment and endowmcntassuranco policies matured amounting to £1,443,824, including £164,178 for bonus additions. Policies assuring £7,219,143 and annuities amounting to £4,487 18s Id became void from other causes. Claims by death and maturity in the industrial department amounted to £734,864, as against £684.806 The total of the accumulated funds of the ordinary and industrial departments has been increased by £2,961,658 and now amounts to £86,258,111. The investment and contingencies reserve funds have been increased from £2,003,103 to £2,008,076. The society's investments in various loans to the Commonwealth and States of Australia, to New Zealand and other Dominions, to Croat Britain and to local government and other public bodies in Australia, New Zealand and other Dominions amount in, all to £48,054,720. The actuary's report shows a surplus of funds over liabilities in the ordinary department of £2,530,310, out of which £2,470,310 is to be allotted for distribution among the participating policyholders. This will provide reversionary bonuses of about £4,255,000. The surplus in the industrial department, which is to be distributed among participating policy-holders, is £259,750, providing reversionary bonuses amounting to about £357,000. The total assets have increased from £86,605,767 to £89,681,219, while the special reserves have been increased to £2,350,000. The total business on the books of the society (original sums assured and bonuses) lias increased from £260,698,117 to £263,451,027. The society has over £16,000,000 invested in New Zealand and all Now Zealand claims, bonuses, etc., are payable in New Zealand currency. Taxes payable have increased from £702,377 to £822,230, and but for this fact the bonuses payable to members would have been larger.

NEW COMPANIES SOUTHERN REGISTRATIONS Tho following registrations of Southern companies are reported: — PUBLIC Salvo, Limited, Christcburch, to acquire certain patent rights. Capital, £ISOO in £1 shares. Subscribers: H. A. Sutcliffe and Thos. Newburgh, 100 shares each; C. It. Kirk, 50 shares; A. W. Price, E. C. Foster, J. R. Delaiiunty and (C. 11. Perkins, J. H. Pickles), 25 shares each; J. G. Grigor, 15 shares; T. E. Bobson, 10 shares. PRIVATE Trapncll and Company, Limited, Christcburch, milling and incidental. Capital, £2OOO in £1 shares. Subscribers: G. Trapncll, L. Trapncll, B. S. Trapnell, D. G. Trapnell and G. Trapnell, 400 shares each. South Otago Newspapers, Limited, Dunedin, for the purpose of printing and publishing in Balelutha. Capital, £2OOO in £1 shares. Subscribers: A. E. Russell and J. R. McNaughton, 1000 shares each.

STOCK SALES VALUES AT TUAKAU [from our own correspondent] TUAKAU, Friday Cattle and sheep were yarded in average numbers nt. the stock sale held hy Dalgety and Company, Limited, at Tuakau to-day and Hold under steady competition at prices 011 a par with lute rates. Dairy cows realised up to £4 2s Gd; aged and backward sorts, .£1 10s: dairy heifers, to £4 ss; best fat heifers. £3 4s to £3 17s Gd: liehter, to £2 10s; best fat cows, £2 to £2 14s; lighter, to £1 18s- store cows, to 19s; young .Tersey hulls, to £2 (ss. Empty failing and broken mouth ewes, in low condition, brought up to '2s 9d : store ewe lambs. 7s to 7s 9d : storo wether lambs, 7s 8d to 8s Id; store mixed sex lambs, 7s 4d. TE AWAMUTU PRICES The Farmers' Co-operative Auctioneering Company, Limited. report:—At the Te Awamutu salo on Thursday a medium yarding of sheep came forward, prices bring well up to recent quotations. Fat and sto'o cattle remained firm at late rates,' wliilo dairy heifers were dull of Bale. There were very few store, and weaner pigs yarded, but an exceptionally good yarding of fats, comprising very good quality baconers and porkers, which met with keen competition at rates easily on a par with Friinkton sale. Quotations: —Fat wethers, lis Id; fat lambs, 10s 7d to lis; fat ewes, 8s to 9s; billable ewes. 6s lOd: atoro lambs, 9s sd; cull lambs, 5s 2d: cull ewes, 3s lOd to 7s. Cattle; Heavy fat steers, £G; light fat steers, £3 12s to £3 15s; fat cows, £2 to £2 Ills; killable cows, £1 13s to £1 19s; fresh store cows, £1 Gs to £1 12s Gd; boner cows, 10s to £1; potter bulls, £2 4s to £3 17s. Fi"s: Frime heavy choppers. £1 IPs to £2 2s; hruvy baconers, £2 3s to £2 ss: prime oualitv medium baconers. 3fts to £2; lighter baconers. 33s to 375: heavy porkers, '.*!)« to 32s (id; medium porkers. 2Gs to 28s; iight poikers, 20s Gd to 25s Gd: largo stores, His to 19s; slips, 9s to lis Gil; weaners, Gs to Bs. TE KUITI AND PIO PIO [by TKMiCRA I'll—OWN CORRESPONDENT] TE KUITI, Friday Abraham and Williams. Limited, roport 011 their To Kuiti and Pio Pio stock sales as follows: —At both yards there wero fair entries of sheep and cattle. Sheep prices were up t< recent quotations, but the cattlo wero mostly rough sorts and were harder to quit. Prices at To Kuiti were; — Sheep: Four and five-year ewes, in lamb. 7s 2d to 7s 4d: mixed sex lambs, Gs 4d; small lambs. 4s. Cattle: Fat cows, 30s to 60s; store cows, to 275; cows and calves, to 30s; small weaned dairy heifers, 21s; empty 18-months heifers. 295; poor-conditioned dairy cows. £2 to £3. At Pio P.o prices were:—Sheep: Mediumsized lambs, 7s to 8s; hlnck-faco lambs, 8s; small ewe lambs. 7s Id: four and five-year ewes, in lamb. 5s 3d to 8s Gd. Cattle: Small 18-month steers. 15s; cows nnd calves, to £1 4s; fat steers, £5 Is; cull cows, to 15s.

VALUES AT GISBORNE [BY TKLKOUAPH —OWN CORJIKSI'ONDKNT] GISBORNE, Fridny At the weekly stock snlo tho attendance was large, and interest in all offerings wiib fiiirly keen. Competition was good and aUnost every entry wa# sold. Tlio best price for cows was Ls (id unci foi vealeiß 27b 6d, while a few bullocks, mostly showing seme Jersey strain, made up to 655. Put sheep totalled 711. A good part of the yardintc Bold tit about last woek s ficures, but a few pens of ficood cwps showed fi fmr advance. A few pens made ('>s, (>a 8d and (is lid. but goncrally tliey sold lit from 5s to fis fid. Wctliers made 10s and 10s fid for lieavior types, and 8s 2<l for medium. Lambs made Us 10.' to 9s ad. Second grade ewes wero in demi lat4sto 4s fid. I.ho sale for store sheep was inclined to bo sticky and values were hardly maintained. Prices wero:—Lambs, good average size, fairly good condition, 5s 9d: well-grown, plenty of condition. 8s Id; shorn, burly, with size and condition, 7s sd; others, 'ls 5d to 5s lOd; breeding ewes, 3n .Td to 7s ly; young ewes, fin to 7b fid; wcthore, 7e to 8« 7d; empty ewes, Ha lOd.