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The Pamphlet Collection of Sir Robert Stout: Volume 37

"The Self-Help of Life Assurance."*[Table E.]

"The Self-Help of Life Assurance."*[Table E.]

"It is a good thing for a man to be the architect of his own fortunes. Self-made men are distinguished by their self-reliance, and their success generally in all they give their attention to. By limited saving, and by perseverance, with the use of the Endowment System, young men may acquire in the future that substantial position to which they aspire, but which without accumulated means they cannot possibly reach. No investment institution, or deposit bank, is comparable with the plan we have described. The payments are fixed obligations, not payments which may be made or not at will. Consequently the money is found for them. It is in some sort compulsory saving. Year after year the value swells, until at last the large sum comes into the hands of the fortunate owner.

"And all the time that he is thus acquiring fortune for himself by his own industry and prudence, his family is provided against want in the sad event of his death. For should he die, the money at once becomes due and payable to them."

page 21
1875-76. 1876-77. Proposals......... 1056 £362,975 1696 £534,220 Policies 'Issued ... 748 £240,275 1066 £348,510 New Premiums ... £8,564 5 11 £12,314 3 11 Invested Funds ... £42,746 17 6 £61,501 15 4

Progress in Eighth Year, as Compared with Previous Twelve Months.

Year. Number. Sums Assured. Annual Premiums. 1870 261 £ 102,467 s. 17 d. 8 £ 2,904 s. 13 d. 8 1871 491 171,768 13 11 5,052 1 11 1872 725 241,606 9 4 7,595 11 7 1873 1012 329,656 9 4 10,916 9 6 1874 1327 426,821 9 4 14,173 6 2 1875 1712 545,528 7 6 18,536 1 9 1876 2292 728,909 15 8 25,077 15 11 1877 3113 997,982 2 8 34,481 11 5 CLAIMS PAID. The Total Amount up to 30th June, 1877, was nearly Twenty-five Thousand Pounds.

Policies in Force at 30th June in Each of Years 1870 to 1877.

page 22
Liabilities. Assets. £ s. d. £ s. d. Total funds per Revenue Account ... 61,501 15 4 Loans on Mortgage ... ... ... 7,485 0 0 Loans on Policies of the Association Outstanding Accounts ... ... 670 5 10 (within their surrender value) ... 1,671 0 0 Debentures ... ... ... 17,610 0 0 Agents' Balances ... ... ... 54 0 3 Outstanding Premiums ... ... 29 3 9 Outstanding Interest ... ... 906 17 5 Cash— On Deposit ... ... 33,500 0 0 On Current Account 687 19 9 34,187 19 9 Office Furniture (reduced valuation) 228 0 0 £62,172 1 2 £62,172 1 2 WE, the undersigned, hereby certify chat we have examined the above Accounts, and compared them with the Books. Vouchers, Mortgage Deeds, Debentures, and other Securities of the Mutual Life Association of Australasia, and that we find them all correct. J NO. D. EWENS, A. EDWARD HARPER, AUDITORS

Balance Sheet, June 30, 1877: