✨ Government Annuity Tables Approval
556
THE NEW ZEALAND GAZETTE.
G. F. BOWEN, Governor.
ORDER IN COUNCIL.
At Wellington, this twenty-second day of October,
1870.
Present :
THE HONORABLE DONALD MCLEAN, NATIVE AND
DEFENCE MINISTER, PRESIDING, AND MEMBERS
OF THE EXECUTIVE COUNCIL.
WHEREAS by "The Government Annuities Act,
1869," and "The New Zealand Government
Insurance and Annuities Act, 1870," power is given
to the Governor in Council, from time to time as he
shall think fit, to direct such Tables as shall from
time to time be authorized and approved of by him
to be used and adopted for determining the values of
all Annuities of whatsoever kind which may be
granted according to the provisions of the said Act,
as well as Tables for payment of Sums of Money at
Death and otherwise:
Now therefore, His Excellency Sir George Fer-
guson Bowen, the Governor of New Zealand, in
pursuance and exercise of the said recited power and
authority, by and with the advice and consent of the
Executive Council of the said Colony, doth hereby
approve of the Tables contained in the Schedule
following.
FORSTER GORING,
Clerk of the Executive Council.
SCHEDULE.
LIFE ASSURANCE. -TABLE I.
TABLE of Premiums for the Assurance of every £100
payable at Death, and for Assurances effected for
the terms of One and Seven years.
| Age next Birthday. | Annual Premiums. | Half-Yearly Premiums. | Quarterly Premiums. | TERM POLICIES. Premium for ONE YEAR. | Annual Premium for SEVEN YEARS. |
|---|---|---|---|---|---|
| £ s. d. | £ s. d. | £ s. d. | £ s. d. | £ s. d. | |
| 16 | 1 7 6 | 0 13 11 | 0 7 0 | 0 15 7 | 0 16 3 |
| 17 | 1 8 2 | 0 14 3 | 0 7 2 | 0 15 10 | 0 16 9 |
| 18 | 1 8 10 | 0 14 7 | 0 7 4 | 0 16 1 | 0 17 3 |
| 19 | 1 9 7 | 0 15 0 | 0 7 7 | 0 16 4 | 0 17 8 |
| 20 | 1 10 4 | 0 15 5 | 0 7 9 | 0 16 7 | 0 18 2 |
| 21 | 1 11 1 | 0 15 8 | 0 7 11 | 0 16 9 | 0 18 7 |
| 22 | 1 11 11 | 0 16 0 | 0 8 0 | 0 16 11 | 0 19 0 |
| 23 | 1 12 10 | 0 16 8 | 0 8 2 | 0 17 1 | 0 19 9 |
| 24 | 1 13 10 | 0 17 0 | 0 8 5 | 0 17 3 | 1 0 4 |
| 25 | 1 14 11 | 0 17 8 | 0 8 8 | 0 17 10 | 1 0 10 |
| 26 | 1 16 0 | 0 18 3 | 0 9 2 | 0 18 2 | 1 1 6 |
| 27 | 1 17 1 | 0 18 10 | 0 9 5 | 0 18 9 | 1 2 1 |
| 28 | 1 18 2 | 0 19 5 | 0 9 9 | 0 19 2 | 1 2 9 |
| 29 | 1 19 4 | 0 19 11 | 0 10 0 | 0 19 11 | 1 3 5 |
| 30 | 2 0 6 | 1 0 6 | 0 10 4 | 1 0 7 | 1 3 10 |
| 31 | 2 1 8 | 1 1 0 | 0 10 8 | 1 1 2 | 1 4 1 |
| 32 | 2 2 10 | 1 1 7 | 0 11 0 | 1 1 9 | 1 5 2 |
| 33 | 2 4 0 | 1 2 3 | 0 11 3 | 1 3 3 | 1 5 10 |
| 34 | 2 5 2 | 1 2 11 | 0 11 7 | 1 4 0 | 1 6 8 |
| 35 | 2 6 6 | 1 3 7 | 0 11 11 | 1 4 6 | 1 7 4 |
| 36 | 2 8 0 | 1 4 5 | 0 12 3 | 1 5 6 | 1 8 1 |
| 37 | 2 9 6 | 1 5 2 | 0 12 8 | 1 6 3 | 1 8 10 |
| 38 | 2 11 2 | 1 6 0 | 0 13 1 | 1 7 0 | 1 9 8 |
| 39 | 2 12 11 | 1 6 11 | 0 13 7 | 1 7 10 | 1 10 6 |
| 40 | 2 14 8 | 1 7 10 | 0 14 0 | 1 8 11 | 1 11 5 |
| 41 | 2 16 5 | 1 8 8 | 0 14 5 | 1 10 0 | 1 12 4 |
| 42 | 2 18 2 | 1 9 6 | 0 14 11 | 1 10 9 | 1 13 1 |
| 43 | 2 19 11 | 1 10 5 | 0 15 5 | 1 11 3 | 1 14 0 |
| 44 | 3 1 10 | 1 11 5 | 0 15 11 | 1 12 0 | 1 14 10 |
| 45 | 3 3 10 | 1 12 6 | 0 16 5 | 1 12 10 | 1 15 9 |
| 46 | 3 6 0 | 1 13 8 | 0 17 0 | 1 13 8 | 1 17 2 |
| 47 | 3 8 5 | 1 14 10 | 0 17 7 | 1 14 7 | 1 18 8 |
| 48 | 3 11 0 | 1 16 2 | 0 18 3 | 1 15 7 | 2 0 5 |
| 49 | 3 14 0 | 1 17 9 | 0 19 0 | 1 16 8 | 2 2 3 |
| 50 | 3 17 4 | 1 19 5 | 0 19 11 | 1 17 10 | 2 3 5 |
LIFE ASSURANCE. -TABLE I. Continued.
| Age next Birthday. | Annual Premiums. | Half-Yearly Premiums. | Quarterly Premiums. | TERM POLICIES. Premium for ONE YEAR. | Annual Premium for SEVEN YEARS. |
|---|---|---|---|---|---|
| £ s. d. | £ s. d. | £ s. d. | £ s. d. | £ s. d. | |
| 51 | 4 1 1 | 2 1 4 | 1 0 10 | 1 19 1 | 2 5 1 |
| 52 | 4 5 0 | 2 3 5 | 1 1 11 | 2 1 7 | 2 7 0 |
| 53 | 4 9 3 | 2 5 7 | 1 3 0 | 2 3 6 | 2 9 4 |
| 54 | 4 13 6 | 2 7 9 | 1 4 1 | 2 5 7 | 2 12 4 |
| 55 | 4 18 0 | 2 10 1 | 1 5 4 | 2 7 9 | 2 15 8 |
| 56 | 5 2 9 | 2 12 7 | 1 6 7 | 2 10 4 | 2 19 5 |
| 57 | 5 7 0 | 2 14 9 | 1 7 9 | 2 13 4 | 3 3 7 |
| 58 | 5 11 8 | 2 17 2 | 1 8 11 | 2 16 8 | 3 8 3 |
| 59 | 5 16 7 | 2 19 9 | 1 10 3 | 3 0 7 | 3 12 10 |
| 60 | 6 1 7 | 3 2 4 | 1 11 6 | 3 5 2 | 3 17 11 |
EXAMPLES.
LIFE ASSURANCE FOR THE WHOLE TERM OF LIFE. -A person
may, at the age of 30 next birthday, by the payment of 10s.
4d. per quarter (being at the rate of less than 10d. per week),
secure to his family at his decease £100; or by the payment of
£2 11s. 8d. per quarter, the sum of £500. At the age of 40
years, an Assurance of £1,000 may be effected by paying £27
6s. 8d. annually, £13 18s. 4d. half-yearly, or £7 quarterly.
LIFE ASSURANCE FOR A TERM OF YEARS. -A person aged 30
next birthday may be Assured for £100 for one year, on
payment of £1 0s. 7d., or for seven years on payment of an
annual premium of £1 3s. 10d.
LIFE ASSURANCE. -TABLE II.
Terminable Rates of Premium.
TABLE of Annual Premiums for a specified number of
years, for the Assurance of every £100 to be paid
at Death, the Policy continuing in force after the
Premiums have been exhausted.
| Age next Birth- day. | Single Premium. | Five Annual Premiums. | Ten Annual Premiums. | Fifteen Annual Premiums. | Twenty Annual Premiums. |
|---|---|---|---|---|---|
| £ s. d. | £ s. d. | £ s. d. | £ s. d. | £ s. d. | |
| 16 | 1 7 6 | 5 12 0 | 3 2 6 | 2 6 3 | 1 18 6 |
| 17 | 1 8 2 | 5 14 2 | 3 3 8 | 2 7 2 | 1 19 3 |
| 18 | 1 8 10 | 5 16 3 | 3 6 1 | 2 8 2 | 2 0 0 |
| 19 | 1 9 7 | 5 18 5 | 3 6 1 | 2 8 11 | 2 0 10 |
| 20 | 1 10 4 | 6 0 9 | 3 7 4 | 2 10 0 | 2 1 6 |
| 21 | 1 11 1 | 6 3 0 | 3 8 8 | 2 11 0 | 2 2 5 |
| 22 | 1 11 11 | 6 5 7 | 3 10 2 | 2 12 1 | 2 3 6 |
| 23 | 1 12 10 | 6 8 3 | 3 11 9 | 2 13 8 | 2 4 7 |
| 24 | 1 13 10 | 6 10 11 | 3 13 4 | 2 14 7 | 2 5 7 |
| 25 | 1 14 11 | 6 14 0 | 3 15 0 | 2 15 10 | 2 6 8 |
| 26 | 1 16 0 | 6 16 1 | 3 16 9 | 2 17 1 | 2 7 9 |
| 27 | 1 17 1 | 7 0 1 | 3 18 8 | 2 18 7 | 2 9 0 |
| 28 | 1 18 2 | 7 3 0 | 4 0 4 | 2 19 10 | 2 10 4 |
| 29 | 1 19 4 | 7 6 0 | 4 1 11 | 3 1 2 | 2 11 5 |
| 30 | 2 0 6 | 7 9 1 | 4 3 3 | 3 2 7 | 2 12 5 |
| 31 | 2 1 8 | 7 11 9 | 4 5 2 | 3 3 9 | 2 13 5 |
| 32 | 2 2 10 | 7 14 7 | 4 6 11 | 3 5 0 | 2 14 6 |
| 33 | 2 4 0 | 7 17 8 | 4 8 9 | 3 5 11 | 2 15 10 |
| 34 | 2 5 2 | 8 0 11 | 4 10 6 | 3 6 10 | 2 17 0 |
| 35 | 2 6 6 | 8 4 0 | 4 12 6 | 3 8 0 | 2 18 2 |
| 36 | 2 8 0 | 8 7 6 | 4 14 8 | 3 10 2 | 2 19 8 |
| 37 | 2 9 6 | 8 11 3 | 4 16 10 | 3 12 8 | 3 1 0 |
| 38 | 2 11 2 | 8 15 0 | 4 19 1 | 3 14 4 | 3 2 7 |
| 39 | 2 12 11 | 8 18 10 | 5 1 4 | 3 16 1 | 3 4 0 |
| 40 | 2 14 8 | 9 2 10 | 5 3 8 | 3 17 10 | 3 5 7 |
| 41 | 2 16 5 | 9 6 5 | 5 5 8 | 3 19 5 | 3 7 0 |
| 42 | 2 18 2 | 9 10 2 | 5 7 10 | 4 1 0 | 3 8 5 |
| 43 | 2 19 11 | 9 13 10 | 5 10 0 | 4 2 9 | 3 10 0 |
| 44 | 3 1 10 | 9 17 5 | 5 11 11 | 4 4 4 | 3 11 6 |
| 45 | 3 3 10 | 10 1 2 | 5 13 11 | 4 6 1 | 3 13 0 |
| Age next Birth- day. | Single Premium. | Five Annual Premiums. | Ten Annual Premiums. | Fifteen Annual Premiums. | Twenty Annual Premiums. |
|---|---|---|---|---|---|
| £ s. d. | £ s. d. | £ s. d. | £ s. d. | £ s. d. | |
| 46 | 3 6 0 | 10 5 0 | 5 16 3 | 4 7 11 | 3 14 9 |
| 47 | 3 8 5 | 10 9 0 | 5 18 7 | 4 9 8 | 3 16 10 |
| 48 | 3 11 0 | 10 13 10 | 6 1 9 | 4 12 2 | 3 19 2 |
| 49 | 3 14 0 | 10 18 9 | 6 5 1 | 4 14 11 | 4 1 8 |
| 50 | 3 17 4 | 11 3 9 | 6 8 9 | 4 17 8 | 4 4 0 |
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NZ Gazette 1870, No 62
✨ LLM interpretation of page content
💰 Order in Council approving Life Assurance and Annuity Tables
💰 Finance & Revenue22 October 1870
Order in Council, Government Annuities, Life Assurance, Premium Tables, Executive Council
- G. F. Bowen, Governor
- The Honourable Donald McLean, Native and Defence Minister
- Forster Goring, Clerk of the Executive Council