]New business reported.— 6lS3 proposals, amounting to ±.1,619,455 ; 3705 policies issued, assuring £1,151,864; m-vv premium income, £56,22S 8s lid, being tho largest amount of new business transacted by the Society in any year of it 3 existence. The income from interest for the year was at the satisfactory rate of 66S per cent. The declarati'js* of profits has given general satis faction, and the directors are gratified to report that its issue his induced many proposals for additional amounts from existing members, and the influx of fre&h members by their influence and introduc tion. It is important that members should bear in mind the fact that each policy which has been in force for two years becomes entitled to participate in all bonuses, and that in the event of death or maturity of the assurance before the next bonus declaration the representatives of each holder of such a policy will receive, in addition to the amount assured, a sum at the tame rate of increase as that declared at the then hut division. The plan adopted by this Society is, therefore, equivalent to the declaration of a bonus annually. InNewZealand theßoard of Direc tors has received accessions in the following gentlemen : — At Auckland— John McFffei thera, Ksq. (Messrs fehera Bros.) ; Seymour 3 home George, Esq., and Frederick Jobeph Moss, Ksq., M.H.R. At Christchurch— The Hon. Edmund William Parker (Messrs Dal gety and Company, Limited). At Welling ton — John fcateman Harcourt;, Esq., (Messrs Harcourt and Co.) ; George Beetham, Esq., M. H.K. The whole of the gentlemen who are members of the b ew Zealand Board form collectively a directorate for the regulation of the business of that Colony, while the locally-resident members of the board under take the superintendence of the district branch offices which have been established at the chief centres. Purchases have been made at Auckland, Christchurch, Dunedin, and Wellington of suitable properties for occupation by the society, and lor the pur poses of levenue. The investments have been made with the vitw that they shall provide offices for the bociety at the smallest cost, and a remunerative investment for the funds placed in them. In moving the adoption of the report, the Chairmun (the Rev. 