3

H.—l

14. Averages and percentages deduced from the tabulated returns for the years 1881-99 are given in Appendix I. 15. Information as to the forms kept in the Registry Office for the convenience of societies, and sent free on application, is to be found in Appendix IV. 16. Valuations were made of the following societies : — M.U:l.O.O.F.—Hawke's Bay District; New Plymouth District; Hokitika District; Otago District; Invercargill District. I.O.O.F.—Grand Lodge of New Zealand. A.O.F.—South Canterbury District. U.A.O.D.—Excelsior Lodge. I.O.R.—New Zealand Central District. 17. Summarised results of the valuations are given in two tables (Appendix V.). Table A shows— 1. Number of members at the date of valuation; 2. Present value of benefits ; 3. Present value of contributions to benefit funds ; i. Value of accumulated benefit funds ; 5. Surplus or deficiency ; 6. Average surplus or deficiency per member; 7. Average age of members; 8. Average annual contribution, per member, to benefit funds; 9. Average value, per member, of accumulated benefit funds ; .10. Rate of interest, per annum, credited to benefit funds (average for quinquennium); 11. Surplus or deficiency at previous valuation (average per member). Table B shows— Ratio to liabilities of— (a) Present value of contributions to benefit funds; (b) value of accumulated benefit funds; (c) total assets ; (d) surplus or deficiency. 18. Societies, on application to the Registrar, may have their valuations made free of cost. The experience of the societies valued in the office during the year represents 36,113-5 years of life at risk. This experience has been grouped with that published in tabular form in last year's report, and the combined results are exhibited hereunder. An analysis of the following table shows that the mortality of members of friendly societies is very light as compared with the general experience of the colony. While this is a subject for congratulation to the individual members, it cannot be so regarded from a financial point of view; for the average sickness per member at risk increases with age, and the additional average expenditure on account of sick-pay is likely to exceed the gain arising from the deferred death-claim and the increased value of the contribution.

Sickness and Mortality Experience of Societies valued in the Office (Men Members only).

Table of Secessions among those who were Sick and not Sick respectively, during the Quinquennium preceding Valuation, in Quinquennial Age-periods.

Sickness (Weeks). Number of Deaths. Age of Members. i Number of jYears of Life at Risk. First Six Months. Second Six After Twelve Months. Months. Total. I 0f Of Wives. I Under 25 25-80 30-35 35-40 40-45 45-50 50-55 55-60 60-65 65-70 70 and upwards .. 27,257-0 28,905-5 26,587-5 23,871-5 19,488-0 14,964-0 11,683-0 7,532-5 4,056. 5 1,650-5 712-0 19,138 18,385 17,338 16,498 16,176 15,883 15,464 12,094 7,770 3,705 2,079 1,783 1,530 1,389 1,238 1,947 2,063 2,787 2,445 1,906 1,116 965 1,987 2,498 3,263 3,336 5,454 7,499 9,479 12,515 13,938 9,957 10,245 22,908 22,413 21,990 21,072 23,577 25,445 27,730 27,054 23,614 14,778 13,289 22,908 22,413 21,990 21,072 23,577 25,445 27,730 27,054 23,614 14,778 13,289 119 129 134 105 112 127 166 138 93 58 51 15 53 70 98 90 66 86 57 35 17 15 All ages 243,870 j 1,232 602 166,710-0 144,530 19,169 80,171

Number of Members who Age at Beginning of Quinquennium or at Entry. Were Sic Quinqui .dmitted befc ok during ennium. ore Quinquennium. Were not Sick during g Quinquennium. *3 -a | Lapsed Were |«g during included i *a a* Quinquen- in the -2, a nium. Valuation, j Q a Ad Were Sic Quinqui Imitted durii :k during ennium. ig Quinquen] Were not £ Quinque ilium. lick during mnium. 'a a .2 a n'S Lapsed during Quinquennium. Were included in the Valuation. Lapsed during Quinquennium. Were included in the Valuation. Lapsed during Quinquennium. Were included in the Valuation. Under 25 25-30 .. 30-35 .. 35-40 .. 40-45 .. 45-50 .. 50-55 .. 55-60 .. 60-65 .. 65-70 .. 70 and upwards 424 277 223 181 95 67 42 15 3 2 1,826 1,915 1,922 1,912 1,715 1,521 1,163 727 354 133 54 ■ 1,835 1,646 1,219 811 495 268 133 53 16 3 1,460 1,778 1,871 1,785 1,406 1,015 708 379 192 44 13 86 88 111 108 107 141 159 135 75: 42. 38 282 96 58 26 7 1 2,259 772 402 219 78 23 2,865 1,168 584 275 68 14 3 1 6,710 2,630 1,451 651 204 46 8 5 3 1 75 32 19 8 4 2 2 1 All ages 1,329 : i 13,242 | 6,479 1090 4,978 10,651 470 3,754 11,709 142