A.M.P. SOCIETY
BUSINESS INCREASED TO OVER 329 MILLIONS The ninety-second annual report of the directors of the Australian Mutual Provident Society states that any busiTiess completed in the ordinary department in 1940 comprised 41,900 policies, assuring , £10,927,803 and 329 annuities for £14,750 3s 3d per annum. In the industrial department 99,587 new policies were issued assuring £0,083,792 9s. The investment and contingencies reserve funds have been by £500,000 to 3 million pounds, provision for accrued taxation has been increased by £200,000 to £500,000, and the book values of the office premises and other assets have been'further written down by a sum of £244,140 75.,7tL In addition, the special reserve for contingencies made in the valuation balance sheet of the ordinary department has been increased by £850,000 to £1,500,000.
The total business in force (original sums assured and bonuses) has now increased to £329,040,858 in the ordin ary department and £50,948,884 in the industrial department, making a grand total of £385,995,742.
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https://paperspast.natlib.govt.nz/newspapers/PATM19410512.2.10
Bibliographic details
Patea Mail, 12 May 1941, Page 2
Word Count
160A.M.P. SOCIETY Patea Mail, 12 May 1941, Page 2
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