New Zealand Gazette – 1882 – No. 40

Page 625

✨ Insurance Table Revocation



Numb. 40.

625

SUPPLEMENT
TO THE

NEW ZEALAND GAZETTE
OF THURSDAY, APRIL 20, 1882.
Published by Authority.

WELLINGTON, FRIDAY, APRIL 21, 1882.

Revoking certain Tables under "The Government
Insurance and Annuities Act, 1874," and directing
the use of others in lieu thereof.

A. GORDON, Governor.
ORDER IN COUNCIL.

At the Government House, at Wellington, this
fifteenth day of April, 1882.

Present:
HIS EXCELLENCY THE GOVERNOR IN COUNCIL.

WHEREAS by the fifth section of "The Govern-
ment Insurance and Annuities Act, 1874"
(hereinafter referred to as "the said Act"), it is
enacted that the Governor shall have power, by
Order in Council, from time to time to do, inter alia,
the following things: To direct the use of tables
approved from time to time by him for determining
the values of all annuities under the provisions of
the said Act, and of tables so approved for payment
of sums of money at death and otherwise under the
provisions of the said Act; and such tables re-
spectively shall be valid and effectual so long as the
same shall remain in force; and to revoke all or any
of such tables, and to direct the use of other tables
approved as aforesaid:

And whereas by an Order in Council made the
fifteenth day of December, one thousand eight hun-
dred and seventy-six, and published in the New Zea-
land Gazette of the sixteenth day of December, in the
same year, certain tables for determining the values
of annuities and for payment of sums of money at
death and otherwise, in the Schedule of the said
Order in Council, were approved of:

And whereas it is expedient that certain of the
said tables should be revoked, and that other tables
should be adopted in lieu thereof*:

Now, therefore, His Excellency the Governor of
the Colony of New Zealand, in exercise and pur-
suance of the powers and authorities vested in him
by the said fifth section of the said Act, and all
other powers and authorities in this behalf vested in
him, and by and with the advice and consent of the
Executive Council of the said colony, doth hereby
revoke and recall the Tables numbered I. and III.
in the Schedule to the hereinbefore-mentioned Order
in Council, and doth hereby approve of the Tables in
the Schedule hereto, and numbered I. and III.
therein, and doth direct that the same shall, from and
after the twenty-first day of April current, be used
and adopted for the purposes of the said Act and
its regulations: Provided that the revocation hereby
made shall not be deemed to alter or affect any
contract, act, matter, or thing duly made in accord-
ance with and subject to such revoked tables.

FORSTER GORING,
Clerk of the Executive Council.

SCHEDULE.

WITH PARTICIPATION IN PROFITS.
TABLE I.—PREMIUMS payable during whole of Life, to secure
£100, payable at Death only.

Age nearest Birthday. Annual. Half-yearly. Quarterly.
£ s. d.
15 1 10 8
16 1 11 8
17 1 12 8
18 1 13 6
19 1 14 2
20 1 14 8
21 1 15 0
22 1 15 3
23 1 15 6
24 1 15 9
25 1 15 9
26 1 16 0
27 1 17 0
28 1 17 6
29 1 18 0
*30 2 0 10
31 2 1 0
32 2 2 5
33 2 3 2
34 2 4 5
35 2 5 9
36 2 7 2
37 2 8 7
38 2 10 1
39 2 11 8
40 2 13 4
41 2 15 2
42 2 17 1
43 2 19 1
44 3 0 3
45 3 2 5
46 3 3 8
47 3 5 2
48 3 6 8
49 3 8 5
50 3 10 3
51 4 0 6
52 4 2 1
53 4 4 1
54 4 5 10
55 4 7 7
56 4 9 4
57 4 11 3
58 4 13 3
59 4 15 4
60 4 17 6
  • EXAMPLES. — A person aged 30 may secure £1,000 at Death by a
    yearly payment during life of £20 8s. 4d. This premium, if paid to
    Private Offices, would only secure a Policy for about £850, instead of
    £1,000.


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VUW Te Waharoa — PDF NZ Gazette 1882, No 40




✨ LLM interpretation of page content

💰 Order in Council revoking and replacing tables under the Government Insurance and Annuities Act, 1874

💰 Finance & Revenue
15 April 1882
Government Insurance, Annuities Act, Order in Council, Premium Tables, Life Insurance, Schedule
  • A. Gordon, Governor
  • Forster Goring, Clerk of the Executive Council