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GOVERNMENT LIFE INSURANCE DEPARTMENT. fowMt Premiums. State Guarantee. Participation fa Profit*. Present Accumulated Fund, over £1,500.000. Ahnutil Inooms oxcosds £282,000. wash Surplus in 1885, over £242,000 (UM BUTBavnOM). THE Batea of Premium now in farce la thia 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 oottmparatively little profit woe expected to accrue, no less than £242,000 of CASH SURPLUS, or nearly S 6 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 tho balance carried to reserve. All Participating Policies ars entitled, on bosoming claims, to a Prospective Bonus in accordance with tho amount of premiums paid since ths preceding distribution. Thus, tbs advannges of an annual distribution are soowod wills* M t tho cost attaching thereto. ». w. nujacLAXD, via. al cii.gtni.wMi am imai TO LET, COUNTRY Lands and Town Sections and Boases) W H TUCKEB.

Permanent link to this item
Hononga pūmau ki tēnei tūemi

https://paperspast.natlib.govt.nz/newspapers/GSCCG18911001.2.17.2

Bibliographic details
Ngā taipitopito pukapuka

Gisborne Standard and Cook County Gazette, Volume V, Issue 666, 1 October 1891, Page 4

Word count
Tapeke kupu
214

Page 4 Advertisements Column 2 Gisborne Standard and Cook County Gazette, Volume V, Issue 666, 1 October 1891, Page 4

Page 4 Advertisements Column 2 Gisborne Standard and Cook County Gazette, Volume V, Issue 666, 1 October 1891, Page 4

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