FRIENDLY SOCIETIES

Otago Daily Times, Issue 18990, 11 October 1923, Page 7

FRIENDLY SOCIETIES

COST OF ADMINISTRATION. POSITION IN NEW SOUTH WALES. Pr**« Association—By Tolegrarh—Copyriah* SYDNEY, October 10. The annual report of the Registrar of Friendly Societies comments on the fact that the management cost per head of the moan membership was 13s 6d, and the amount paid in salaries 7s 3d per head. The management expenses represented 16.1 per cent, of the total income last year, and of every £1 of contributions collected 4s 2d was consumed in the cost of collection and distribution of benefits, though both showed a decrease on the previous year. Compared with 1914, the average increase in the expenditure per head ot membership was nearly 40 per cent. The report remarks that whereas it might be expected that the management expenses for the larger and adult societies would be lower the opposite had proved to be the case. The cost ot the smaller societies and those with a membership largely composed of juniors was materially lower. PROTESTANT ALLIANCE JUBILEE. SYDNEY, October 10. The Protestant Alliance Friendly Society has celebrated its jubilee. The lodges total 145, with a membership of 23,409, and the funds amount to £261,090. The registrar’s report showed that the societies are the most economically controlled of all the friendly societies.