Page 36 Advertisements Column 3

New Zealand Mail, Issue 999, 24 April 1891, Page 36

The Policies of the Association in force on 31sfc December, 1890, were : 15,791 Assurances, amounting to £4,144/07 11 2 979 Endowments . ... 147,654 0 0 22 Annuities 593 3 0 T 116,792 Policies, amounting to £4.230,254 14 2 Producing an Annual Premium Income of £147,100 14 9 The Annual Interest on Investments being * £47,909 4 0 The Total Yearly Revenue is ————. over ... * £195,000 0 0 The disturbed relations between .Labour and Capital, coupled with unusually severe floods in eeveral Colonies, rendered this a difficult year in which to extend Life Assurance business ; so that the above, being beyond the average of the Association’s annual returns, must be taken as evidencing continued confidence in the Association on the part of the public, as well as zeal on the part of the officers and agents, and also no abatement in the Directors’ careful selection of lives, The Mortality Statistics record only 96 deaths involving claims for £30,382 19s under 103 policies, being very considerably below the “Expectation.’ Three annuities have terminated, either by death, or the expiry of the terms for which they were granted. The new principal office was opened with considerable ceremony on the 4th September laßt, and seems likely to fully realise the Board’s anticipations in every way. The retiring Directors are Samuel Dickinson, Esq., and the Hon J. N. Brnnker, M.L.A. (who was appointed in July la9t, in room of the Hon J. B. Watt, M.L.C., resigned owing to absence in England.) Both have given the requisite notice, and are the only candidates for election. Mr A. E. Harper is eligible for re-election as auditor, and has given due notice. The Directors have to record, with great regret, the death of the Hon William Reeves, M.L.C., Chairman of the Christ* chnrch Board. The actuarial investigation, to take place as at 31st December next, will, it is confidently expected, show good results for the two and a half years ending on that date ; and an effort will be made to have the bonns Certificates ready for issue at the yearly general meeting following in April 1892. SAM. DICKINSON, Chairman. Sydney, 7th April, 1891. BALANCE-SHEET OF THE MUTAL LIFE ASSOCIATION OF AUSTRALASIA On DECEMBER 31, 1890. LIABILITIES. £ S. d. Total Funds as per Revenue Account 797,778 15 4 Claims (included in Revenue Account) admitted or announced, and in course of settlement 7,400 0 0 Outstanding Accounts ditto ditto 448 0 6 £805,626 15 10 ASSETS. Loans on Mortgage Loans on. Policies of the Association (within their Surrender Value) Loans on Personal Security ... Debentures Freehold Property Leasehold Property Cash on Deposit and on Current Accounts Interest and Rent Accrued ... Branch and Agency Balances... Outstanding Premiums Office Furniture and Fittings (reduced valuation) 395,094 19 7 109,047 8 2 nil 25,020 0 0 243,945 3 3 6,574 J. 7 10 12,048 7 1 8,976 19 11 nil nil 4,919 0 0 £805,626 15 10 J. C. REMINGTON, General Manager and Secretary. We, the undersigned, hereby certify that we have examined the above accounts and compared them with the books, vouchers, mortgage deeds, debentures, and other securities of the Mutual Life Association of Australasia, and that we find them all correct ; also that we made aa usual a regular monthly audit of the books of the Association. A. EDWARD HARPER, JOHN D. EWENS, Auditors. NEW ZEALAND District Office Brandon and Featherston Streets, Wellington. 545