AUSTRALIAN MUTUAL PROVIDENT SOCIETY.

Wairarapa Daily Times, Volume 2, Issue 270, 2 October 1879, Page 3

AUSTRALIAN MUTUAL PROVIDENT SOCIETY.

t members of the Australian Mutual out Society must be congratulated magnificont result of the quinqueiiveatigation, which appears in our _ r telegram. More than half a million of money is available in cash bonuses, or, if allowed by the membors to be added : as reversionary additions to tliei:.' policies, . produces no less a sum than over a mil--1 lion sterling. This result' tells a tale of ' prudence and forethought on the part of its members eminently praiseworthy, and • a management that reflects the utmost in it. It also oMe^^^BwL^ , best-iii;iT), , i"(',d English officesCMM|pfe bv judicious investment and economy of* producing such a spien®id. s aui'pln3. Each member cannot but be gratified at being connected with such a colonial institution, which—while only 30 years of age—has proved eminently successful, and we think that ( no participating policy holder will now grudge the- almost imperceptible extra premium ynicli has purchased him the right to slave in the profits. We hope shortly toiiave the pleasure of perusing the lonsMooked-for Quinquennial Report, wlyn we may, perhaps, refer to the j investi»ition and its results more in detail. Tie resident secretary of the society in Wellngton, Mr E. W. Lowe, has furnishedus with the following extract from a privqe copy of the report which has him, in which the accomplished actuary of the society, MrMorrice A. Black, concludes his report in the following words "In conclusion, the Australian Mutual Provident Society, at 30 yeara of ago, stands before the world as a life institution that has achieved unparalolled success. For stability it is unsurpassed, for the profit it has realised and divided it is unexcelled, and for the 1 berality of its business arrangements it is matchless, ]S T i> other Life Assurance Society in any other part of the world has had at the end of 30 years 35,218 policies in force, assuring £13,392,121, an accumulated fiind of £2,G0G,053, and an an- ■ nual revenuo of £022,000, of which it ; could be said that the ratio of expenses, to premium income has been less, the ratio firest higher, the premiums charged the reserves for the liabilities p, or the bonuses allotted h its er&dargcr than those of this society, such an institution may well be the of Australasia, and the special pride or Sydney, the city of its foundation,— Evening Post, 26th September.