FRIENDLY SOCIETIES. (VALUATION OF THE OTAGO DISTRICT, M.U., I.O.O.F.)

Appendix to the Journals of the House of Representatives, 1880 Session I, H-19a

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1880. NEW ZEALAND.

FRIENDLY SOCIETIES. (VALUATION OF THE OTAGO DISTRICT, M.U., I.O.O.F.)

Laid on the Table iy the Hon. Mr. Dick, with leave of the Souse.

The Begisteab, of Feiendlt Societies to the Hon. the Colonial Seceetaet. Sib, — Eegistrar-General's Office, Wellington, 27th August, 1880. A short report on the valuation of the OtagoDistrict M.U., 1.0.0.]?., has been received; and, from its great importance, I recommend that it be laid before Parliament. It will be observed that there is an actuarial deficiency in the funds of all the lodges but one. This fact is the more significant when it is borne in mind that it was from certain lodges of this District that a petition emanated for an alteration of the Act prohibiting societies from using for management purposes any of the interest accruing on the investment of benefit funds. The state of matters disclosed is certainly very serious, and proves the insufficiency of the scale of contributions adopted by this District. I have, &c, ¥m. E. E. Beoww, The Hon. the Colonial Secretary. Eegistrar of Friendly Societies.

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* i.e., excess of present value of expected claims over present value of future contributions. This is the amount which each Lodge should have in hand to be actuarially solvent. The excess of this amount over the actual worth of the benefit fund is therefore the measure of the deficiency, t Widow's Relief Fund, Hand and Heart Lodge, j Land and buildings, Oamaru Lodge. § Amounts owing to Sick and Funeral Fund not included as assets in Sick and Funeral Fund.

By Authority: G-eobge Dibsbtjex, Government Printer, Wellington.— 1880.

Otago District, M.U., I.O.O.F. VALUATION SUMMARY.

Isatne of Lodge. o S Average Age. Total Yearly Contribution for Benefits. • Net Liability. Sick and Funeral Fund. Surplus. Deficiency. Management Fund, Goods, &c. Other Fund8. Amount owing to Sick and Funeral Fund. Total. £ 432-04 288-64 73-50 111-48 161-91 105-37 115-68 9465 72-50 49-30 101-57 39-15 80-04 74-00 55-61 27-55 82-41 100-05 18-85 33-35 128-59 £ s. d. 6,563 6 2 3,853 14 5 996 7 8 1,542 7 8 2,121 14 6 1,486 6 1 2,054 12 2 1,575 3 2 1,079 19 6 844 16 11 1,479 9 2 529 5 4 1,157 10 6 957 8 3 681 19 3 392 18 10 1,139 15 11 1,495 9 10 274 14 7 409 15 9 1,331 18 6 £ s. d. 6,536 0 6 3,421 2 1 636 2 0 986 17 0 791 16 5 1,111 16 5 794 10 7 924 7 8 799 0 8 479 6 3 495 8 11 352 16 7 472 7 11 339 11 2 619 5 1 231 4 7 543 18 11 752 1 6 285 19 6 267 13 11 422 10 11 £ 8. d. £ s. d. 27 5 8 430 12 4 360 5 8 555 10 8 1,332 18 1 374 9 8 1,260 1 7 650 15 6 280 18 10 365 10 8 984 0 3 176 8 9 685 2 7 617 17 1 62 14 2 161 14 3 595 17 0 743 8 4 £ s. d. 2,108 0 8 267 16 10 2 13 3 78 11 10 £ 8. d. t356 7 0 £ s. d. £ a. d. 2,464 7 8 267 16 10 2 13 3 187 17 4 52 18 4 595 5 5 Hand and Heart Ihmedin Dalton Prince of Wales Albion Oamaru Tuapeka Waitahuna Prince Alfred ... Waipori Blue Spur Alexandra Roxburgh Tapanui Lake Wakatipu Palmerston Cromwell Mount Wendon Band of Friendship Arrow Outram 298 194 50 76 111 71 80 65 50 34 70 27 53 51 37 19 56 69 13 23 88 35'906 34-443 31-600 31-200 33-378 35-366 38-675 *«• 37 969 34-420 38560 35-243 34296 36810 33372 33432 35-100 35-304 36-217 35-080 32-870 30-295 *■ 145" 5 5 8 14 3 60 15 0 20 10 9 53 2 5 124 0 4 20 7 2 78 1 2 J45o" 0 0 109* 5 6 52 18 4 48 15 10 129 4 9 82 16 0 57 10 1 189 19 9 103 6 9 53 2 5 124 0 4 20 7 2 78 1 2 61 9 4 62 16 2 191 10 3 55 0 0 40 2 7 137 12 1 44 16 2 14 14 6 61 10 3 55 0 0 40 2 7 137 12 1 44 16 2 61 9 4 48 1 8 130 0 0 ii" 4 ii 142 1 10 809 7 7