Public Companies. JJOYAL INSURANCE COMPANY. SECURITY Should be the First Consideration in Insurance Transactions, The Directors of the Royal Insurance Company have the pleasure of supplying the following information to the public, as evidence of the ample security they afford to their assurers • THE CAPITAL of the Company, available for the purpose of meeting any unusual calamity happening to the Assured, is TWO MILLIONS STERLING. The amount actually paid up is L 88.495, This, with the Accumulated Funds in hand, makes the invested resources of the Company upwards of one million hunched thousand pounds, which amount is invested as follows : INVESTED FUNDS OF THE ROYAL INSURANCE COMPANY, 30th June, 1869. Real Property owned by the Company £219,571 Mortgages on Freehold Property ... ... 33,500 £30,000 Reduced 3 per Cent. Consols 28,085 India Governments per Cent. Debentures ... ... 100,000 English Railway Debenture Ronds 59,090 First-class English Railway Preference and Guaranteed Stocks ... ... 335,476 Loans to Local Authorities of various towns in Great Britain, who have obtained the sanction of the Secretary of State to borrow the amounts ... ... 145,560 Bonds of the Mersey Docks and Harbor Boards ... 62,341 Bonds of the British and Irish Magnetic Telegraph Co 10,000 11 3 0 0 I 3 0 0 17 7 11 11 12 6 14 8 0 0 Bonds of the Liverpool Corporation ... United States Government Stocks Canada Bonds and Canada Dominion Stocks... Short Loans on first-class English Dividend-paying-Stocks, with margins from 20 to 50 per Cent, on market values... Loans on Security of Life Policies 5,160 0 0 101,330 7 10 31,106 11 6 477,195 0 0 63,938 8 5 I £1,672,356 16 11 The above is a complete list of the Investments of the Company at the date 1 specified, in addition to which the funds are still further increased by amounts I constantly varying, at diffc- I rent periods, in the hands of the Bankers and the Company’s Agents. At 31st j December, 1808, these stood at .. £168,089 20 ( For the satisfaction of the Public, the i whole of the securities belonging to the Company are annually submitted to the careful scrutiny of two independent Auditors, and the following is an Extract from their Report to the last Annual Meeting : “ The whole of your Books have been audited—every Document, every Account, every Voucher, your Bank-book, and every Security—all Lave been most carefully kept, and there is not one doubtful security in the whole. ” THE ACCUMULATIONS OF THE LIFE DEPARTMENTS, After payment of Losses, Annuities, and Expenses of every description, have been as as follows : Funds in Hand at the last Quinquennial Valuation, 31st December, 1864 ... £621,434 15 6 Added to 31st Dec., 1865... 103,146 7 3 „ „ „ 1866 ... 124,165 7 5 „ „ „ 1867 ... 128,583 510 „ „ „ 1868 ... 144,945 12 2 Total Accumulation of the Life Department on 31st December, 1868, exclusive of Shareholders’ Capital £1,122,275 8 1 'X'lie Directors also think it desirable to state that the business of the Royal has never been amalgamated with that of any other Company, and that the Liability of its Shareholders is unlimited. I The bonuses added to Life Policies in this Company, under their participation table, have averaged TWO PER CENT. PER ANNUM on the amount insured. Licenses for the Voyage between Europe and these Colonies and vice versa, arc now granted hy this Company free of charge to the assured. 1 FIRE INSURANCES AT LOWEST CUB- ; RENT RATES. [ Claims are settled promptly in the Colony, without reference to England. For details of information on all points, see the Company’s Almanac, to be had of the agents, HENDERSON, LAW, & CO., Dunedin. Hairdressers. iy Appointment to H.R.H. the Duke of Edinburgh, and His Excellency the Governor and Volunteers. [7l BEISSEL, IT . Ladies’ and Gentlemen’s HAIRDRESSER AND PERFUMER, Rattray street, Dunedin. Farm, Cold, and Shower Baths (reduced to One Shilling) always ready. .adics’ Hair Dressed any Style or Fashion A Private Room for Ladies. Butchers. dward menlove, Wholesale and Retail Butcher, George, Maclaggan, and Great King Streets, Dunedin, Families waited upon for orders in all parts of the City and Suburbs. SIMPSON & ASHER, Wholesale and Retail Butchers, Octagon and Walker i street. Shipping supplied. Public Abattoirs. N.B. Pork skins for sale in large 1 oi small quantities.
Permanent link to this item
Hononga pūmau ki tēnei tūemi
https://paperspast.natlib.govt.nz/newspapers/ESD18700105.2.17.2
Bibliographic details
Ngā taipitopito pukapuka
Evening Star, Volume VII, Issue 2080, 5 January 1870, Page 4
Word count
Tapeke kupu
695Page 4 Advertisements Column 2 Evening Star, Volume VII, Issue 2080, 5 January 1870, Page 4
Using this item
Te whakamahi i tēnei tūemi
No known copyright (New Zealand)
To the best of the National Library of New Zealand’s knowledge, under New Zealand law, there is no copyright in this item in New Zealand.
You can copy this item, share it, and post it on a blog or website. It can be modified, remixed and built upon. It can be used commercially. If reproducing this item, it is helpful to include the source.
For further information please refer to the Copyright guide.