GOVERNMENT LIFE INBUBANCI DEPARTMENT. tovMt Premium.. State Guarantee. Participation in Profits. Present Accumulated Fund, over £1,500,000. Annual Income exceed* £282,000. Gash Surplus in 1885, over £242,000 (last nmmvnoK THB Bate, of Premium new in tore, tn thia Office are lower than those charged to parlicip&ting Policyholders by any other Office doing basin ms in the AastrfclaJUMi 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, nnder the old scale of premiums, from which comparatively little profit wae expected to accrue, no fess 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 are entitled, on becoming claims, to a Prospective Bonus in accordance with the amount of premiums paid since the preceding distribution. Thus, the advan* agee of an annual distribution are oeewred with* Jut the oost attaching thereto. V. W. FRAKKLAND, VJ-A, IH OommbßieMr mml Govt Aotaarv. TO LET, COUNTRY Lands and Town Sections and House.) W B TUCKER.
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https://paperspast.natlib.govt.nz/newspapers/GSCCG18911020.2.14.2
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Gisborne Standard and Cook County Gazette, Volume V, Issue 674, 20 October 1891, Page 4
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216Page 4 Advertisements Column 2 Gisborne Standard and Cook County Gazette, Volume V, Issue 674, 20 October 1891, Page 4
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