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GOVERNMENT LIFE INSURANCE DEPARTMENT. lowest Premiums. State Guarantee. Participation in Profits. Present Accumulated Fund, over £1,500,000. Annual Income exceeds £282,000. Gash Surplus in 1885, over £242,000 CLAST DXBT*I»UTIO2<). THE Batea of Premium now in ftfrte 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 was expected to accrue, no leas than £242,000 of CASH SURPLUS, or nearly 25 per cent, of the whole accumulated fund at that date, was found to have accrued during the quinquennium ended the 31st December, 1885. Of this amount £150,000 was divided, and the balance carried to reserve. All Participating Policies ara entitled, on bacoming claims, to a Prospective Bonus in accordance with the amount of premiums paid since the preceding distribution. Thus, the advantages of an annual distribution are sobered with* Ait the coot attaching thereto. (■ P. W. FRANKLAND, FJX, 0 Qommtrsionsr and Govt Aetna*?. TO LET, COUNTRY Lande and Town Sections and Houses W B TUOKEB.

Permanent link to this item
Hononga pūmau ki tēnei tūemi

https://paperspast.natlib.govt.nz/newspapers/GSCCG18910915.2.23.2

Bibliographic details
Ngā taipitopito pukapuka

Gisborne Standard and Cook County Gazette, Volume V, Issue 659, 15 September 1891, Page 4

Word count
Tapeke kupu
214

Page 4 Advertisements Column 2 Gisborne Standard and Cook County Gazette, Volume V, Issue 659, 15 September 1891, Page 4

Page 4 Advertisements Column 2 Gisborne Standard and Cook County Gazette, Volume V, Issue 659, 15 September 1891, Page 4

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