A Successful Assurance Company.

Gisborne Standard and Cook County Gazette, Volume III, Issue 338, 15 August 1889, Page 4

A Successful Assurance Company.

Ths wonderful progress that has been made made by the Colonial Mutual Life Assurance Society (of which Mr Coleman is the local agent) is well worth studying by those who are interested, and everyone is interested in these institutions. The following is an abstract from an article in reference to the above Company, which appeared in the London Insurance World and Monetary Record on May 29,1889 :—Since the London office was established some three years ago this young Australian giant has made marvellous progrus, and now ranks in respect of the magnitude of its new business as third among the lite SMuranaa offices of the British Empire. To attain such a position in the short space nf fifteen years is, indeed, an unprecedented feat, and one on which the executive may deservedly be congratulated. The actual amount of the new business was £1,762,821, whioa included 4494 life and 158 endowment policies, the proposals having numbered 6340 for £2.894,642. The new premiums amounted to £49.769. after deduction of reassurance, and the total premium receipts, including renewels, were £244.388. Three annuity bonds were also issued for £136 19s per annum, and for these the sum of £BOO was received. We now come to the receipts from interest, 4o.,and notice with some surprise that while other offices find it difficult to keep up the yield of their investments from year to year, the Colonial Mutual is in the exceptional position of being able to show an increased yield, £52,466, the rate for 1888 being 6.54 per cent., which we doubt if any company in the world will surpass for the same year. The total income of the society, after deduction of the amount paid for reassurances, reaches £297,604, and the present total annual revenue is £307,499. On the other aldo of the account matters are equally favorable, The claims have been ® odarat * *“ MnoUD ‘> vis., for deaths, £60,636; and for endowments, £4566. It is also specially worthy of note that the expense ratio is nearly Spar oent. less than in the preceding year, and this in the face of an unprecedented acquisition of new business. The total outgo, after including surrenders, commission, and all expenses of management, was £174,476, which leaves a surplus of £123,126 to be added to the accumulated funds of the society. Altogether the report Is a most gratifying one, as all the results it discloses are of a meat favorable nature ; but the salient points, in our opinion, arc the large increase in the new business, the reAuction in the ratio of expenditure, and the Improved earning power of the investments, all of which augur exceedingly well for the prospects of the members of the Colonial Mutual Life Assurance Society at the next distribution cf profits, the valuation of which falls to bo made at the end of the present yesr. NERVOUS.” - Men, young and old, married or single suffering from Nervous Debilitv, Prematura P«*7, Loss of Manhood, Vital Power, and alt diseases of Genito Urinary Organs, may obata free, a valuable treaties by an eminent (urgent,, containing full information regardI g w!f livalment, hy applying by letter to tex IGSI, G.1’.0,, Bydncv,