Page 3 Advertisements Column 2

Akaroa Mail and Banks Peninsula Advertiser, Volume I, Issue 103, 13 July 1877, Page 3

PROSPECTUS OF THE UNI ON FIRE & MARINE INSURANCE COMPANY OF NEW ZEALAND. STERLING, IN 100,000 SHARES OF £20 EACH. On which it is proposed to call up one pound per Share as follows, viz., 2s. 6d. per Share on application, 2s. 6d. on allotment, and six further calls of 2s. 6d. each at intervals of Four Months. Provisional Directors : John Anderson, Esq. W. D. Carruthers, Esq. (Ge7:eral Manager New Zealand Trust and Loan Company) John Connal, Esq. (Messrs. Edwards, Bennett and Co.) P. Cunningham, Esq. (Messrs. P. Cunningham and Co.) Andrew Duncan, Esq. (Messrs. Duncan and Son) J. J. Fletcher, Esq. (Messrs. Sclanders, Fletcher, and Co.) L. Harper, Esq., M.H.R. (Messrs. Hanmer and Harper) T. M. Hassal, Esq. (Messrs. Miles, Hassal, and Co.) John Inglis, Esq. (Messrs. Matheson's Agency) W. Montgomery, Esq., M.H.R. H. P. Murray-Aynsley, Esq., M.H.R. (Messrs. Miles, Hassal, and Co. J. Palmer, Esq. (Chief Officer Union Bank of Australia) The Hon. J. T. Peacock, M.L.C. W. Reeves, Esq. G. G. Stead, Esq. (Messrs. Royse, Stead, and Co.) John Studholme, Esq. W. D. Wood, Esq. (Messrs. Wood, Shand, and Co.) Bankers : UNION BANK OF AUSTRALIA. Solicitors : Messrs.-Hanmer and Harper. rTIHIS Company is organised in re~ I sponse to the wish of a large number of capitalists, merchants, and others, who have already promised a .considerable amount of support, and with the intent of offering to the general body of the public a further opportunity of becoming, as far a possible, their own insurers. The increase of insurable property in this Colony has been so rapid that there is, in the opinion of the promoters, ample scope for the operations of another Company. The Fire and Marine Insurance Companies already formed have met with such great and unvarying success, that it is quite unnecessary to.refer to the profitable of such undertakings, but it may \<e pointed out that this Colony is subject to natural conditions singularly favourable to insurance business. One of the most important considerations involved is the distribution of risks which is here secured through the division of population and, consequently, of insurable property amongst numerous centres as yet but sparsely occupied. The large proportion of substantial buildings now being erected may also be noted as a feature favourable to the limitation of risks in this enterprise. One of the most profitable branches of Marine Insurance is in interprovincial and intercolonial business, a large proportion of which the promoters have reason to rely upon. In the allotment of shares the Provisional Directors will endeavour to secure an equitnble distribution throughout the colony, so as to combine a powerful association of investors for the security of the assured, together with persons likely to influence business. Agencies will be opened throughout the colony as speedily as possible, and local Directors appointed. The Chief Office is established at Christchurch. The folowing gentlemen will hold office as Directors until the first annual meeting, when they will retire in accordance with the articles of Association : —Messrs J. Studholme, W. Reeves, T. M. Hassal, J. Palmer, J. T. Peacock, W. Montgomery, G. Or. Stead, and WD. Carruthers. The Directors intend to secure the services of a thoroughly experienced and competent General Manager for the Company. Copies of the prospectus and forms of applications for shares may be obtained at any of the branches of the Union Bank of Australia throughout New Zealand, where applications for shares, accompanied by a deposit of 2s. 6d. per share, can now be made. All applications will be forwarded to Christchurch as received. The share list will close on the 15th August. NOTICE. MR. -GEORGE WRIGHT will LEAVE Akaroa Wharf in his Whale-boat for French Farm Bay on the afternoon of FRIDAY, 20th INST., at 3.30 p.m. Return Fares, 4s. FOR SALE. £ A ACRES OF LAND in the tJ\J Grehan Valley. Also, 9 COWS' and HEIFERS, in calf. For particulars, apply to B. T. MISSEN...