SECURITIES DEPOSITED WITH PUBLIC TRUSTEE BY LIFE ASSURANCE COMPANIES, (REPORT OF THE PUBLIC TRUSTEE RELATIVE TO).

Appendix to the Journals of the House of Representatives, 1875 Session I, B-12a

8.—12 a,

1875. NEW ZEALAND.

SECURITIES DEPOSITED WITH PUBLIC TRUSTEE BY LIFE ASSURANCE COMPANIES, (REPORT OF THE PUBLIC TRUSTEE RELATIVE TO).

.Presented to both Houses of the General Assembly pursuant to the 3&th section of " The Life Assurance Companies Act, 1873."

Eepoet for the period ended 30th June, 1875, showing the Value of the Securities deposited with him by each Life Assurance Company in New Zealand, with particulars by which the present value of the Policies charged thereon may be computed, in terms of the 15th section of " The Life Assurance Companies Act, 1873." The only Company that has made any deposit of securities under the Act is the Australian Mutual Provident Society. It therefore follows that only policies issued by that Society could be registered, and that there is but one report to present for the year ending 30th June, 1875. The securities deposited by the said Society are two hundred and eleven (211) debentures of tho Government of New Zealand for £100 each, issued under "The Immigration and Public Works Loan Act, 1870." The value of these debentures was fixed by the Board of the Public Trust Office at ninetyfive pounds (£95) per cent., representing a total value of twenty thousand pounds (£20,000), being the full amount required by the Act as a compulsory deposit, together with a further sum or balance of forty-five pounds (£45), which is treated as a voluntary deposit. One hundred and twelve (112) policies of this Society, assuring an aggregate sum of fifty-three thousand eight hundred pounds (£53,800). The particulars of these policies are given in the schedule hereto ; and I beg here to acknowledge the courtesy of the Besident Secretary of the Society, who, in answer to a request from me, most obligingly furnished me with information that I required to enable me to make this report. The only point I would call attention to is the fact that I have found it impracticable to show the number of payments of premiums that are yet to be made. In the cases (which comprise the greater number) in which the contract is that the payments shall continue during the whole of life, the policy being only payable after the iieath of the assured, it is plainly impossible that the number of future payments should be given, while in the other cases, in which the payments are limited to a certain number, or in which the contract terminates when the assured has reached a certain age, the number of prospective payments is still uncertain, as the contract still ends with the death of the assured, without reference to the number of premiums that would have been payable if he had lived for the full term expressed in the policy. I have therefore put the total number that may have to be paid in each case, but have added to each a note to the effect that the payments will only be made to the end of the life assured. J. Woodwaed, Public Trust Office, . Public Trustee. Wellington, 4th August, 1875.

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SCHEDULE TO REPORT. SHOWING Particulars of each Policy issued by the Australian Mutual Provident Society for which Securities are held in trust; that is to say, the distinctive Number of the Policy, the Amount insured, the Age of the Person whose Life is insured, and the Amount of the Payment or Payments as Premium, whether periodical or otherwise, —if not annual, showing what Number of Payments have been and are to be made : —

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Paymbhts. No. of Policy.; Amount Insured. Age (1875). Bxuaiks. Amount of each. When payable. Xumlirr made. Number to be made. 16,880 31,188 30,424 19,469 31,815 32,291 32,429 32,722 32,762 21,946 32,381 31,852 32,349 32,814 18,595 30,454 15,371 32,220 31,064 30,707 32,132 19,938 30,455 30,656 30,657 31,715 20,534 22,186 30,867 30,864 32,208 799 32,254 32,253 32,097 15,821 31,928 30,121 31,114 22,108 32,161 32,211 30,732 31,429 30,487 22,367 30,758 32,081 30,409 31,818 19,855 22,575 30,234 16,972 30,768 30,421 22,109 32,974 21,298 22,302 31,796 31,799 32,76] 32,949 32,954 19,936 32,269 32,270 30,216 32,008 32,031 30,014 £ 500 500 500 1,000 2,000 200 100 500 1,000 100 200 500 1,000 500 500 600 500 1,000 1,000 500 1,000 1,000 500 100 100 500 500 500 500 l,0C0 500 250 100 100 100 500 500 100 1,000 500 400 250 300 300 1,000 250 100 500 250 500 500 500 500 1,000 1,000 250 300 100 500 100 200 2,000 300 500 200 1,000 700 500 500 100 500 200 41 years 42 „ 30 „ 37 ,. 37 „ 40 „ 42 „ 43 „ 39 „ 59 „ 69 „ 31 „ 29 „ 36 „ 35 „ 45 „ 40 „ 40 „ 42 „ 40 „ 40 „ 41 n 33 „ 5 „ 1 „ 39 „ 31 „ 36 „ 35 „ 43 „ 31 „ 69 „ 27 „ 22 „ 41 „ 34 „ 26 „ 41 „ 43 „ 37 „ 33 „ 27 „ 31 „ 31 „ 34 „ 30 „ 51 „ 32 „ 41 „ 28 „ 46 „ 30 „ 53 „ 33 „ 30 „ 43 „ 42 „ 36 „ 34 „ 38 „ 26 „ 35 „ 29 „ 39 „ 54 „ 44 „ 44 „ 54 „ 48 „ 37 „ 32 „ 44 „ £ b. d. 7 11 6 4 14 7 3 3 4 7 8 4 48 16 8 3 18 15 5 5 4 7 15 8 4 17 8 3 3 10 3 0 5 5 14 2 4 6 3 8 7 1 6 16 6 18 4 15 5 10 9 15 0 14 14 2 17 10 10 34 9 4 7 5 0 3 15 6 4 8 5 7 9 7 3 4 10 3 17 11 14 1 6 32 4 2 12 1 8 6 7 1 3 10 5 2 16 2 3 15 8 2 16 0 13 12 6 8 3 0 32 4 2 3 6 8 2 15 0 2 14 2 1 18 9 9 18 9 13 13 4 1 11 8 2 15 10 9 5 10 2 5 10 3 17 6 6 7 6 5 1 10 5 12 1 10 7 11 8 2 6 8 4 0 9 2 0 2 11 4 6 6 6 1 10 10 2 6 8 26 10 0 3 10 0 3 17 11 2 12 6 17 7 6 24 2 5 24 5 0 10 7 1 1 15 1 3 8 9 5 0 8 Half-yearly Quarterly M Half-yearly Quarterly Half-yearly Quarterly H n jj jj Half-yearly Quarterly Half-yearly Quarterly ii Annually Half-yearly Annually Half-yearly Annually H Half-yearly Quarterly Half-yearly Annually Half-yearly ii Annually H JJ Quarterly Annually 19 '12 15 26 5 4 7 6 3 18 11 10 7 5 15 14 22 8 12 4 5 5 7 4 4 6 23 18 7 4 4 30 2 2 2 42 3 4 3 18 8 4 13 3 7 21 13 5 19 10 21 . 21 19 18 13 10 5 3 10 9 5 5 3 5 5 2 10 5 9 10 21* To end of life 54* 35* To end of life 33* To end of life f) )J )) j» it 115* 39* To end of life 60* 92* To end of life )} it 15* 13* To end of life 17* 22* 29* To end of life 16* To end of life 23* 23* 24* To end of life 17* 10* To end of life * But only to end of life. * But only to end of life. * But only to end of life. * But only to end of life. * But only to end of life. * But only to end of life. * But only to end of life. * But only to end of life. * But only to end of life. * But only to end of life. * But only to end of life. * But only to end of life. * But only to end of life. * But only to end of life. * But only to end of life. * But only to end of life. * But only to end of life. >> * But only to end of life. * But only to end of life. M Quarterly » Half-yearly Quarterly Annually Half-yearly Quarterly n it ii 24* To end of life * But only to end of life. Half-yearly Quarterly 27* 45* 21* 106* 59* 79* To end of life * But only to end of life. * But only to end of life. * But only to end of life. * But only to end of life. * But only to end of life. * But only to end of life. D :j JJ jj Half-yearly Quarterly Half-yearly Annually Half-yearly 99* 24* To end of life 35* To end of life * But only to end of life. * But only to end of life. it * But only to end of life. jj it ■i »j jj * But only to end of life. ii Quarterly jj jj •> Half-yearly Annually ' 27* To end of life Half-yearly 30* To end of life * But only to end of life. Quarterly Half-yearly 30* * But only to end of life.

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SCHEDULE TO BE: 'OB.T— continued. Pa: B. No. of Policy. Amount Insured. Age (1875). Amount of each. When payable. Number made. Number to be made. Hesumcs. 31,019 500 (•Without \ Profits. C 500 500 500 300 300 500 1,000 500 500 500 34 „ 6 5 5 Half-yearly G To end of life 32,789 1 33 „ 10 0 5 Annually 2 n 22,713 21,922 22,491 30,605 22,748 30,003 22,010 30,058 30,109 2,039 ) 6,837) 32,386 32,264 20,483 19,015 31,842 7,640) 15,717 3 22,164 30,248 30,787 30,814 31 „ 43 „ 37 „ 42 „ 53 „ 37 „ 34 „ 34 „ 33 „ 11 15 5 4 2 6 2 2 6 14 11 6 5 12 1 7 6 8 5 13 9 3 6 8 3 4 7 Quarterly n Half-yearly Quarterly 5 22 21 7 21 U 19 16 10 a n 15* To end of life * But only to end of life. n it n it H a It » * But only to end of life. 300 50 „ 3 5 3 11 18 » 200 100 1,000 700 150 57 „ 32 „ 34 „ 51 „ 32 „ 2 18 2 15 8 6 16 3 14 4 2 1 18 6 Half-yearly Quarterly Half-yearly 7 4 19 14 5 it it 21* To end of life 2,000 200 500 200 300 42 „ 28 „ 38 „ 26 „ 31 „ 36 8 4 1 17 4 5 16 3 1 14 6 2 8 2 » ■ Quarterly H 99 20 18 15 18 18 a 20* 86* 69* 95* 115* * But only to end of life. * But only to end of life. * But only to end of life. * But only to end of life. * But only to end of life. ~) These policies are only pay- | able if the assured live }■ until they mature, but in I case of previous death the J premiums are returnable. 30,505 30,504 100 100 5 „ 8 „ 0 18 0 1 4 10 11 14 14 64 50 » 30,601 31,811 300 200 40 „ 40 „ 2 5 3 3 0 2 H 14 10 To end of life 58* * But only to end of life. C This policy payable under \ same conditions as Nos. ( 30,505 and 30,504. 11 30,506 100 7 „ 110 91 14 58 7,648] 15,826 j 22,176 22,175 30,405 969 22,244 30,994 31,814 31,000 30,697 22,245 30,884 22,295 500 37 „ 7 5 8 Half-yearly 21 19* * But only to end of life. * But only to end of life. * But only to end of life. 200 250 500 100 100 200 1,000 400 200 500 200 250 44 „ 35 „ 51 „ 67 „ 32 „ 32 „ 33 „ 22 „ 25 „ 27 „ 41 „ 32 „ 1 17 6 1~19 10 11 2 1 2 6 8 0 13 4 1 19 2 14 1 8 2 10 0 114 2 14 7 1 11 2 1 11 8 Quarterly IT Half-yearly 18 18 8 :S7 17 12 5 12 13 17 12 1G 22* 22* To end of life Quarterly ii 92* To end of life 132* To end of life • But only to end of life. M Half-yearly Quarterly * But only to end of life. ii M H )» ii n J. Woodwaud, ffice, Public Trustee. Pub: ic Trust O Wellii nee, igton, 30th July, 1875. igton, 30th July, 1875. ly Authority : Q-eobge Didsbuby, Government Printer, Wellington. —1875.