NEW ZEALAND INSURANCE COMPANY.

Hawke's Bay Times, Volume II, Issue 50, 12 June 1862, Page 3

NEW ZEALAND INSURANCE COMPANY.

The rapidly increasing traffic between New Zealand and the mother country, and the growing importance of that interesting Colony, as the germ of a future empire, renders every effort to increase the facilities for intercommunication between it and Great Britain, a matter of the most vital interest to the inhabitants of both countries. One of the most important provisions, next to the construction of proper harbours and docks for shipping and warehouses for the reception of the goods when landed, is the establishment of efficient and reliable media, whereby that shipping and its valuable IVeigiit may fco insurred from all risk of loss or damage during its transit from ono end of the world to the other. This inestimabla advantage is now offered through the efficient media of the New Zealand Insurance Company of Auckland, and their accredited London Agency, at 25, Lawrence Pountney Lane, E.C. London, the arrangements made by this company comprise a well digested and practical system of marine Insurance specially adapted to incieasing requirements of, and daily augmenting commercial relations bet ween New Zealand, the Mother country (Great Britain), and the numerous intermediate Colonial and .Foreign Ports. Those of our readers who have had extensive pratical experience in our Colonial Commerce, will easily understand the manifest and invaluable advantages accruing to the introduction of the Marine Insurance system into Now Zealand trade, on a sound ami permanent basis. We have before us a circular issued by the Company, and accompanied by another emanating from Messrs. Bowley and Bristow, the London Agents, which place before ■the public, in the clearest possible manner, the regulations, resources and objects of tiro Company. It appears that marine risks arc undertaken in London and tire and marine in the Colony, at the ordinary risk premium ; the claims for marine losses being payable at either place according to the option of the Insurer. The only exceptions made by the company are the ports of Taranaki, Kaipara, and llokianga. We consider the establishment of an institution of this kind, ir. our most important and promising agricultural colony, to take rank as a remarkable epoch in our colonial annals. The Directorate comprises the most eminentand respected of our caloninl merchants and capitalists, whose position, inlluence, and wealth., alone give unequivocal permanence and stability to the enterprise, and establish its bond fide character beyond all possibility of dispute. The company grant Policies and effect Insurances from loss or damage by fire, upon houses and other buildings, goods, wares, merchandise, manufactures and farming Stock of every description, besides the ordinary Marine Risks, as undertaken by the Marine Associations of the Metropolis and Provinces of Great Britain. The working capital (exclusive of premium income) is fixed at £250.000, (he shareholders being fii'dlji liable to pay every charge on the company’s funds, should the nominal capital prove insufficient. 'Wc, therefore, most cordially and unhesitatingly commend this invaluable and evidently well-organized Colonial Institution to their instant and most- favorable attention. Emigrants, merchants, manufacturers, operatives, and, indeed, every other description of passenger and settler, should, without delay, avail themselves of the tangible advantages offered by this association. Beside all the facilities and benefits its regulations will undoubtedly confer on our colonial commerce wc-must bear in remembrance the great accommodation incidental to the fact that losses incurred by emigrants, passsougersand others on thcirvoya.ge out to the Colony, will bo promptly, liberally, and satisfactorily adjusted and settled on their arrival at their destination. To exporters, consignees and those members of the community who possess a peculiar and permanent interest in the Colony and its products, we especially address ourselves, —feeling confident that this Institution will, ere long, prove one of our most effective and influential commercial auxiliaries, whether in the Colonics or at home. —London Commercial Daily List.