THE NEW ZEALAND GAZETTE. 559

IMMEDIATE ANNUITIES. - TABLE VII.
TABLE showing the sum to be paid for an Immediate
Life Annuity of £1, according to the age and sex
of the person upon whose life the Annuity is to
depend. The first half-yearly payment of the said
Annuity will in all cases become due and be pay-
able on the second quarterly day of payment next
following the day of purchase.

Age of Person
at the time of Purchase
upon whose Life
the Annuity
is to depend.
MALES.
FEMALES.
£ s. d.
£ s. d.
If 10 and under 11
21 6 5
21 6 8
" 11
12
21 3 8
21 4 0
" 12
13
21 0 5
21 1 0
" 13
14
20 17 1
20 17 9
" 14
15
20 13 6
20 14 5
" 15
16
20 9 10
20 11 0
" 16
17
20 6 3
20 2 7
17
18
20 2 8
20 4 1
" 18
19
19 19 1
20 0 10
" 19
20
19 15 9
19 17 8
20
21
19 12 6
19 14 8
" 21
22
19 9 5
19 11 9
22
23
19 6 3
19 8 10
23
24
19 3 0
19 5 10
" 24
25
18 19 9
19 2 11
25
26
18 16 4
18 19 9
26
27
18 12 11
18 16 8
27
28
18 9 4
18 13 6
28
29
18 5 9
18 10 4
29
30
18 2 0
18 6 11
" 30
31
17 18 2
18 3 7
31
32
17 14 3
18 0 0
32
33
17 9 10
17 16 6
33
34
17 6 2
17 12 10
34
35
17 1 11
17 9 0
" 35
36
16 17 7
17 5 2
36
37
16 13 1
17 1 3
37
38
16 8 7
16 17 1
38
39
16 3 11
16 12 11
" 39
40
15 19 2
16 8 8
40
41
15 14 4
16 4 3
" 41
42
15 9 4
15 19 8
42
43
15 4 3
15 15 1
43
44
14 19 1
15 10 1
" 44
45
14 13 10
15 5 2
45
46
14 8 6
15 0 1
46
47
14 2 11
14 14 10
" 47
48
13 17 5
14 9 5
48
49
13 11 8
14 3 10
49
50
13 5 10
13 18 2
50
51
12 19 11
13 12 3
" 51
52
12 13 11
13 6 1
" 52
53
12 8 0
12 19 10
53
54
12 2 0
12 13 5
54
55
11 15 10
12 6 8
55
56
11 9 8
12 0 2
56
57
11 3 4
11 13 7
" 57
58
10 17 0
11 7 0
58
59
10 10 7
11 0 5
59
60
10 4 1
10 13 9
60
61
9 17 6
10 7 0
61
62
9 11 0
10 0 4
" 62
63
9 4 5
9 13 7
63
64
8 17 10
9 6 9
64
65
8 11 3
9 0 4
65
66
8 4 9
8 13 6
66
67
7 18 4
8 6 10
" 67
68
7 11 11
8 0 4
68
69
7 5 8
7 13 10
69
70
6 19 6
7 7 5
" 70
71
6 13 5
7 1 2

The above Annuities end with the payment at the term
immediately preceding the death of the Annuitant.

EXAMPLE.
A man aged 65, can purchase an immediate Annuity
of £10, payable half-yearly, for ...£82 7 6
A woman of the same age can purchase a like
Annuity for ... ... ... ... 86 15 0
A man aged 70, can purchase an immediate Annuity
of £10, payable half-yearly, for ... 66 14 2
A woman of the same age can purchase a like
Annuity for ... ... ... ... 70 11 8

THE following Summary of "The Government
Annuities Act, 1869," and "The New Zealand
Government Insurance and Annuities Act, 1870,"
and of the regulations issued thereunder, accom-
panied with plain directions, is published for general
information:-

The Government having been empowered by recent
Acts of the Legislature to enter into contracts for
Insurances on Life, and for the grant of Endowments
and Annuities, the Commissioner, acting under the
provisions of the Acts, thinks it necessary to call
public attention to the particular classes of business
which will be undertaken, and to the advantages
secured to persons insuring under them.

The Acts referred to are "The Government
Annuities Act, 1869," and "The New Zealand
Government Insurance and Annuities Act, 1870."

The Commissioner is authorized to enter into con-
tracts for-

1. The sale of Immediate Life Annuities depend-
   ing on single lives; or on joint lives with
   benefit of survivorship; or on the joint con-
   tinuance of two lives.

2. The sale of Deferred Life Annuities depend-
   ing on single lives.

3. The Payment of a sum of Money on Death;
   or on death within a period agreed upon; or
   at the expiration of a period agreed upon; but
   only in respect of persons between the ages of
   sixteen and sixty.

4. The granting of Endowments.

5. Generally, any contract whatever in the
   nature of Insurance, Endowment, or Annuity,
   dependent on the contingencies of human life,
   where not repugnant to public policy.

For the purposes of such of these various transac-
tions as are immediately contemplated, tables have
been framed showing the purchase-moneys or annual
or other periodical payments to be made in respect
to the various Annuities, according to the several
contingencies under which they are payable, and the
Premiums chargeable in respect of the several classes
of Insurance and Endowment.

Amongst the special powers given to the Com-
missioner are the following, namely:----

1. That he may contract for the grant of Deferred
   Life Annuities on condition that the purchase-money
   paid shall, at the option of the purchaser, be return-
   able at any time before an actual payment of the
   Annuity, or that the purchase-money shall not be
   returnable.

2. That he may, in the case of inability to continue
   the payment of annual premiums for the purchase of
   a Deferred Annuity, grant to the person on whose
   behalf the payments have been made, an Immediate or
   Deferred Annuity equivalent in value to the amount
   actually paid.

3. Where a single sum has been paid for the pur-
   chase of a Deferred Life Annuity, he may grant, in
   lieu thereof, at the request of the person interested,
   an Immediate Life Annuity, proportionate to the
   amount paid.

With regard to Life Assurance, it is proposed at
present to limit operations to Assurances in the
following cases, namely:--