A.M.P. SOCIETY.

Evening Post, Volume LXIX, Issue 101, 1 May 1905, Page 2

A.M.P. SOCIETY.

Wo havo received a copy of tho fifty- 1 sixth annual report of this so(iety — six- 1 teen pttgea of mat tor covering tho wholo of tho operations for tho year 1004. It has just been issued to tho moinbors, nnd must bo of special intorcHt to those who hold tho 31,689 jpoliciea which wo observe, are on the New Zealand branch register. Tho sum assured by those- policies i. over eight and a half millions, and the annual premiums payable llieroundcr nearly £278,000— striking testimony to tho estimation in which the puopta of Now Zealand hold this powerful institution. A ghinco at the salient features of tht report — which contains the schedules and returns required by bho various colonial (lovernnicntn — shows tliat during the past year 14,630 new polioiea, assuring £3,730,601, wero issuod, and that over iv million pounds was paid away in satiofac.tirni of claims by death and maturity of policies. Notwithstanding that hu«o outgo nearly £893,000 was added to tho accumulated funds. Tho financial operations of tho society throughout its fifty-six years of existence Hhow that it has 'received £48.730,000liii.h paid out £22,746,000 for claims and other payments to nwuibm, and still holds the gigantic sum of £20,600,000 j which wus invested during tho year to brin« in a return of £4 9s per cent. Economy in inAnngonicnt is still one of the main pjanks of the management— thoyeat's oxpenws, which include taxation, absorb- ! ing only 13.58 per cent, of tho premium iccciplb"; but this phase of tho operations will probubly bo more forcioiy broftght home to member!) when they read that tho cn.ih bonus which is to bo divided is morn than one-third of tho premiums received during tho year under policies entitled to pnrtioipnte in the allotment. The Directors and tho various staffs of tho society have won congratulations on tho result of tho past year's work, and thu inuinbor* may bo expected to voieo theii Hatiafartioh at the annual meeting, which is to bo held in Sydney on tho sth inst., and at which tho Nuu- Zealand branch will bo ropresenled by the Hon. K. Richardson, C.M.O.