Page 2 Advertisements Column 3

New Zealand Times, Volume LII, Issue 9274, 21 April 1891, Page 2

Mutual life association of AUSTRiLASIA. Established 1809, and Incorporated by Act of Parliament. REPORT OF TJUB DIRECTORS, For presentation at the Twenty • Second Yearly General Meeting, called for MONDAY, the 20th APRIL, 1891. The chief features of the past year’s opera, tions are a large increase in the Revenue, satisfactory Retention of Business, and a remarkably favourable Mortality Experience. NEW BUSINESS baa accrued as follows : The proposals numbered 3,421 for sums amounting to _ ~.£858,730 7 0 Of these 9C9 were declined, not taken up, or ate in course of completion for 202,395 0 0 Leaving 2,452 proposals accepted and completed for ... 590,335 7 0 To which adding 157 accepted pi ior to 31st December, 1889, and since completed, for ... 30,175 0 0 Gives a total of 2,009 policies issued during the year, for ... £032,510 7 0 The classification of these Policies under the usual headings is :—Assurances, 2,423 for £599,420, and' Endowments, 184 for £32,934. The New Annual Premiums accruing therefrom amount to £21,402 19s, and the other Two Policies are Immediate Annuities, amounting to £l5O 7s per annum. The Policies of the Association in force on 31st December, 1890, were:— 15,791 Assurances, amounting to £4.144,007 11 2 979 Endowments ... 147,054 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, conpled with unusually severe floods in several Colonies, rendered this a difficult year in which to extend Lifo 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 oil!oars 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 4tb September last, and seems likely to fully realise the Board’s anticipations in every way. The retiring Directors are Samuel Pickin' son, Eaq., and the Hon J. N. Brunker, M.L.A. (who was appointed in July last, in room of the Hon J. B, Watt, M.L.0., re* signed owing to abseuco 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 tho Christ* church Board. The actuarial investigation, to take place as at Slat December next, will, it is con* fidently expected, show good results for the two and a half years ending on that date ; and an effort will be made to have the bonus certificates ready for issue at the yearly general meeting following in April 1892. SAM. DICKINSON, Chairman. Sydney, 7th April, 1891. BALANCE-SHEET OP 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 G £5r5,626 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 7 109,017 8 2 nil 25,020 0 0 243,945 3 3 6,574 17 10 12,048 7 1 8,976 19 11 nil nil 4,919 0 0

£805,620 15 10 J. 0. REMINGTON, General Manager and Secretary. We, tho 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 cor* rcct; also that we made as usual a regular monthly audit of the books of tho Association, A. EDWARD HARPER, ) . JOHN D. EWENS, \ Andlfcora « NEW ZEALAND District Office :—Brandon and Feaiherston Streets, Wellington, 545 r'JpHE Premises of the undersigned will be CLOSED for Holiday on THURSDAY, the 23rd inat. 549 JOSEPH NATHAN & CO. TAILORING. J AM now opening Choice Ranges of Coatings, Serge and Tweed Suitings, and West of England Trouserings, and invite inspection.

JOHN H. SHINE, TAILOR, Manners Street (Next Tuatin Bros.) Formerly of Kicbard Allen’s, Sackville 471 street, Dublin. Barry’s Trxcophbrous for the Hair (established 1801). The Oldest and the Best. For restoring the hair to its original growth, or preventing it from falling out, this compound has been pronounced by all medical men to be a sure remedy. For eradicating scurlT, dandruff, and caring diseases of the scalp, the Trioopberoas will always be found a safe, speedy, and unfailing unro.