Page 14 Advertisements Column 5

Taranaki Daily News, 15 April 1935, Page 14

SALES BY AUCTION. FARMERS’ CO-OP. OPUNAKE SALE. MONDAY, APRIL 15, 1935. 100 Store Cows, Bulls, etc. 20 Weaner Heifers. 30 Mixed Pigs. 100 Fencing Posts. KAKARAMEA SALE. MONDAY, APRIL 15, 1935. 60 Store Cows, Bulls, etc. MANAIA SALE. TUESDAY, APRIL 16, 1935. 200 Store Cows, Bulls, etc. 50 Mixed Pigs ELTHAM SALE. WEDNESDAY, APRIL 17, 1935. 50 Store and Forward Cows, Bulls, etc. 20 Mixed Pigs. 4 50 Bushel Cases Dessert and Cooking Apples. | || I ||M ■!! I 111 1 M Hill Illi 1 1111111111II' IT~nTIT| rpHE pLYMOUTH piNANCE COMPANY LIMITED. AUTHORISED CAPITAL: £30,000. ’ ADVANCES: Made on all classes of security, at current rates of Interest. DEPOSITS: Accepted at following rates:— 3 years or over 4 % 2 years. 3|% 1 year 34% 6 months .... 3 % 3 months .... 2|% Interest runs from date of deposit and is paid promptly on Ist April, Ist October, and maturity of deposit. Full particulars from this Company’s Office, Bank of New South' Wales Bldgs., Devon Street, New Plymouth. S. E. NIELSON, Secretary.

THE PROVIDENT LIFE ASSURANCE COMPANY .

ANNUAL MEETING The Annual General Meeting of The Provident Life Assurance Company was held in Dunedin on Tuesday, April 9, 1935, at 10.30 a.m. The Annual Report showed the total New Business in the Life Departments to be £948,525 and in the Accident Branch £391,050, making a total of £1,339,575. The total premiums received amounted to £238,900 12s 6d and the total net Income to £296,884 6s lOd, an increase of £14,640 3s 7d over the Income for 1933. The amount paid in claims was £107,345 0s lOd, and the sum of £71,465 Is was added to the Funds, making the total at the end of the year £1,296,333 12s 9d, The Chairman (Dr. W. S. Roberts), in reviewing the results for the year, drew attention to the fact that the improvement in figures was better than that of any year since 1930. In the Ordinary Branch an increase was shown in the New Business, the Premium Income, and the Interest receipts; the effective rate of interest had slightly improved, and was now £4 7s Id per cent, after deducting Income Tax. Payments to Policyholders amounted to £43,068, and the actual death claims were only 60 per cent, of the expected. The expense ratio had been reduced to 19.31 per cent, of the Premium Income and 13.5 per cent of the total Income. In the Accident Branch, claims were lighter by £ll4O, while the expense ratio was 2 per cent, lower. Premiums in the Industrial Branch had increased by £B5OO and Interest Receipts by £630, the return after deduction of Income Tax being £4 4s 7d per cent., a rate almost identical with that for the previous year. All Securities purchased at a premium during the year had been written down to par. Payments to Policy-holders amounted to £79,377 17s 4d, a reduction of £12,743, and, while the expense ratio showed a small increase of 4s per cent., which was only to be expected in view of the special expenses in connection with the Valuation, the increase in the Debit was a record for the Company.

The Report and Accounts were adopted, and the Meeting closed with a vote of thanks to the Directors and Staff.

At an Extraordinary General Meeting held immediately after the General Meeting it was resolved that the Company be registered under “The Companies Act, 1933,” as a Company limited by Shares and that the Company’s name be changed to “The Provident Life Assurance Com-