H.—l
4
The total funds of the societies and branches as on the 31st December, 1922, amounted to £2,593,692, made up as follows: Sick and Funeral Funds (inclusive of amounts transferred to speoial funds out of surplus), £2,427,973 ; Medical and Management Funds, goods, &c, £165,719. Dividing the total funds by the number of members at the end of the year it is found the average capital per member is now £32 2s. 2d. Taking the several years 1913-1922, the number of lodges whose returns were tabulated, the number of members, total funds, and average capital per member at the end of each year were as under :—
These sums are, of course, held against the societies' liabilities under their sickness and funeral insurances, and the actuarial reports issued from time to time indicate how far they are sufficient or otherwise. The above figures include the latest statistics received from lodges. The following statement shows the disposal of the total funds (including those of the central bodies) as on 31st December, 1922 : — ,
The next table shows the number of members of friendly societies, the amount of their accumulated capital, and the average capital per member in each of the Australian States and in the Dominion of New Zealand, according to the latest received statistics, arranged in order of membership : —
Sickness. The number of members sick during 1922 was 12,754, equal to 16-82 per 100 members at risk. The sickness experienced during 1 1922 was 145,754 weeks, equal to 11 weeks 3 days per sick member, and 2 weeks for each member at risk.
Year. Number of liodgos tabulated. Number of Members. Total Funds. Average Capital. 1913 1914 1915 1916 1917 1918 1919 1920 1921 1922 681 717 728 727 730 731 735 732 731 746 73,691 74,074 73,027 70,360 68,771 67,527 70,598 74,210 77,814 80,777 £ 1,643,177 1,744,456 1,852,355 1,954,940 2,052,753 2,100,443 2,184,653 2,321,176 2,445,843 2,593,692 £ s. d. 22 6 0 23 11 0 25 7 4 27 15 8 29 17 0 31 2 1 30 18 11 31 5 7 31 8 8 32 2 2
Funds. Assets. Siok and Funeral Funds Surplus Appropriation Funds, &e. .. Management Funds, goods, &c. Widow and Orphans' Funds Distress, Benevolent Funds, &c. .. £ .. 2,308,155 119,818 106,446 19,788 39,485 Investments at interest .. Value of land and buildings Cash not bearing interest.. Valuo of goods Other assets Owing by Management Funds Total £ .. 2,228,143 230,272 87,883 15,890 25,304 6,200 .. £2,593,692 Total .. .. £2,593,692
State or Dominion. I Date of Eeturn. Number of Lodges. Numbor of Members. Amount of Funds. Capital per Member. New South Wales .. Viotoria New Zealand South Australia Queensland Tasmania Western Australia .. 30th June, 1921 .. 31st December, 1921 1921 1919 1921 1921 1921 2,061 1,464 731 593 504 179 240 200,534 143,820 77,814 68,542 56,574 22,888 18,945 £ 2,432,651 3,375,050 2,445,843 1,419,167 1,096,791 290,521 313,131 £ s. d. 12 2 7 23 9 4 31 8 8 20 14 1 19 7 9 12 13 11 16 10 7