Page 2 Advertisements Column 2

Evening Star, Issue 4078, 22 March 1876, Page 2

Government Notices. NEW ZEALAND OVERNMENT LIFE ASSURANCE OH THB MUTUAL OR PARTICIPATING PRINCIPLE. 1. The Government Life Insurance Department issues all forms of polities, and the payment of every Policy is Guaranteed by the Colony. 2. Division of Profits.—The surplus or profit is ordered by law to be divided among policy-holders only, and is to be ascertained every fifth year. The first investigation, with a view to division of profits, is to be made as at 30th Jane, 1880. 3. Premium Bates are lower than the participating rates of Pr vate Companies, to an extent which is equivalent to a bonus in advance of from fifteen to twenty per cent. 4. Payment of Premiums.—The payments may be made during whole term of life, or during a limited period only; at an invariable annual, halfyearly, quarterly, or weekly premium, or by a single premium. Weekly Premiums can only be paid on policies ‘issued in .the Industrial Branch of the Department. 5* Thirty Days of Grace are allowed on oil Renewal Premiums, and no policy is absolutely forfeited for non-payment of premium unless the pretuium remains, unpaid fo* twelve months- Such policies may be renewed, provided the premiums in arreor and interest are paid, and the Insured is in unimpaired health. 6, Liberal Conditions as to Travelling, Residence, 4c.!— (1.) Policy-holders may travel without license or payment of extra premium, or reside in any part of the world, except within 25 degrees of the Equator. (2.) Policy-holders may change their occupation without license or payment of extra premium. (3.) Death by suicide (except within twelve months of the date of the policy), by duelling, or by the hands of Justice, does not void any policy. (4.) No policy becomes void by any act of the assured, so far os regards the the interest of any third persons, provided such act is done without their knowledge, and that they pay the additional premium required, if any, as soon as such act comes to their knowledge. 7. All Policies, after five years’ duration, axe Indisputable and Unchallengeable on any grounds whatever connected with the statements on which the assurance was based, provided the age of the Insured has been admitted.

.8. All Policies, after fire years’ duration! are I Freed from all Conditions, except the payment of premium, provided the age of the Insured has been admitted, and he has attained thirty years of age, and ho has resided continuously within the ordinary limits from the date of the policy. Holders of such policies can voyage or reside in any part of the world, without license or payment of extra oremium. * 9. Proof of Age.—Age will be admitted at any time on a policy of production of either a Certiflcate of Birth or Baptism; or, failing these, the best proof that can be procured, such as, for instance, an entry in a family Bible, or a statutory declaration from a relation or friend stating belief as to age and grounds M such belief. 10 - All -Policies are nou-Porfeitable after three years to the full extent of their value, so long as the surrender value of the policy is not leas than the premiums in arrear, together with interest at six per cent, per annum, thus giving to every policyholder a full equivalent for every premium paid.' Such policies may be revived even within twelve mouths after exhaustion of surrender value on proof health,- and payment of arrears and 11- Absolute Security from Loss.—lnsurers, after paid three full annual premiums, are guaranteed a cash surrender-value of about 40 pei cent, of the paid up premiums; and if for reason the premiums are got paid when due, a paid-up policy wal be granted for an amount generally greater than the paid-up premiums. The following illustration shows the practical working of clauses 10 and 11 : —A person aged 30. insnred for £IOO, paying an annual premium of L2 0s ? e P° Uc y been in force for three years, and failing to pay the next premium, the surrender value of L2 to Id would be applied by the Office to , keep the policy in force for a period of twelve ! months, during which time the policy can be revived as stated in the preceding clause No. lo unless he should desire to cancel the policy, in which case he could either receive the surrender value in cami, or a policy free of all future premiums of L 6 bs 7d being an amount slightly exceeding the premiums he has paid. * ,12. Loans on Policies.—Policy-holders can borrow | on the security of their policies at 7 per cent, per annum to the extent of 90 per cent, of the cLh surrender value. , are only received at P ffice * Wellington, face Section 22 of iof-S 0 Government Insurance and Annuities Act, U. Po icies Protected from Bankmptcy.-An effected by the insured bond fide on his own life is protected from bankruptcy or insolvency laws to a certain amount, winch increases with its duration. Thus, after it hS ensuredfor two years, it is protected to the extent of L 20 0; After five years to LSOO After seven years to LI.OOO After ten years toL2 000 mSsssi 6 *™ l ° f ‘ K,n »"* l protected from the debts of their huabamU, accordat»vo.dUratlC? 1 ’ to amoants similar to those stated hP^?l\ t l e i! neU^ Poli ? ie ?-.'^ Policieß effected for the Wlt < ? ?“ d °hildren of the Insured are nom the date of issue absolutely protected from °l creditors to the extent of 12U00, provided that the premiums are pa> able during life, or ftny period not leas tlmu seven years. A?" ey-holder may at any time nominate his wife, mother, child, brother, or sister, to receive ar at hm death * p royided 16 d ° es not ~ I?’ I>roba , te > dispensed with.—When a claim undqr a policy does not exceed L2OO, the Commit dispense with the production of probate or letters of administration, thus saving great, exthe representatives of the Insured! 19. No Policy or Medical Fees Charged. Assurgranted on a single life to tSe S*S paid 48 80011 as death is of ** •» !asa! ♦ V'^ >I>ll * ation iSr 14 fud Particulars, may be obtained at any Money Order Post Office in the T.M’DONOUQH, Chief Agent, Otago District.

Tenders. fJTEIsDrGRS are invited till noon o' Tuesday, 28th inst., to Erect Another Storey on the New Zealand Insurance Company's Offices, Dunedin. MASON AND WALES, Architects. Wantel ti 1 Noon, on Satur- > * or b ics Building, next s Theatre, for Friendly Soceties’ Hall (0 - DA VI ROS-i, Architect. TKNDER- are in iW for Erecting S’ore and Dw lh g. Plarsand 8; eciticatiun a Boots and Sm.til’s, Piin.es str. et. Lowest »>r any tender not neces. riiy aecep ed. TsNDEKS Wanted till noon on Saturday, 25fa insS for labor o. ly of B iok and uarpenteia W.nk (togetl e. or so: ar.tely) for bid ng c ontaining eight rooms. Apply Find'ay and Co. J TENDERS invited for the Un ction of Brio. I'evidence at M *rui *y r ou \ to. bp ro oived i-y the nnders gned on or be o>e the 30th inst at 4 p.m. ' *•* B. A. < AWSOM, A r chite t. For Sale. TO SPECULATORS, HOTELKEEPERS &c. ’ FOR SALE : Provincial hotel ani theatre, INVERCARGILL, With adjoining Property Full particular S l * had and Been b y applying t. Mr JOHN HAMILTON, at Watson’s Hotel High street, Dunedin, any day until the*3otl inst., from 10 to 5 o’clock. F°H ft^ L V quiet » Saddle an stiff Hok *' E - D real UCKS, Fowls, and to j*iao Du&tdio. Geese Soffit“P’M-mto, for i'.ale. Cargill