government life insuramci DEPARTMENT. iowost Premium., State Guarantee. Participation in Profits. Present Accumulated Fund, oveh £1,600,000. Ahnual Income exceeds £282,000. Gash Surplus in 1886, over £242,000 (usr DinaiaonoH). THE Rates of Premium naw in fcree In this Office are lower than those charged to participating Policyholders by any other Office doing business in the Australasian Colonies. It is nevertheless anticipated that, owing to cheap management and light mortality, very handsome bonuses will become payable to Policyholders insuring under existing rates. That this is not a mere estimate may be judged from the fact that, under the old scale of premiums, from which comparatively little profit wot expected to accrue, no less than £242,000 of CASH SURPLUS, or nearly 05 per cent, of the whole accumulated fund that date, was found to have accrued during the quinquennium ended the 81st December, 1885. Of this amount £160,000 was divided, and the balance carried to reserve. All Participating Policies aru entitled, on bo* ooming claims, to a Prospective Boons in accord* anoe with the amount of premiums paid stew the preceding distribution. Thus, the advan* >gea of an annual distribution are moored wttbMltheVj cost attaching thereto. A B. W. FRAMKLAJTD, FXX, OB tioußmhttioner and tioA AeOtitina TO LET, COUNTRY Lands and Town Sections and Houses) W B TUOKEB.
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https://paperspast.natlib.govt.nz/newspapers/GSCCG18910910.2.21.2
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Gisborne Standard and Cook County Gazette, Volume V, Issue 656, 10 September 1891, Page 4
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215Page 4 Advertisements Column 2 Gisborne Standard and Cook County Gazette, Volume V, Issue 656, 10 September 1891, Page 4
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