Page 3 Advertisements Column 4

North Otago Times, Volume XXVI, Issue 1883, 9 May 1878, Page 3

New Advertisements.

RURAL AND TOWN SECTIONS.

MESSRS J. T. FORD AND CO. ha?# received instructions from the Hon. Edward Riohardion to sell by PUBLIC AUCTION, On SATURDAY, the 11th MAY NEXT, At Messrs Miles, Aroher and O».'s stores, At 2 o'olook, 140 TOWK ALLOTMENTS 140 Immediately Adjacent to the Albury Railway Terminus, And hating a Frontage on the Main Boad To the Mackenzie Pass. ALSO, 1190 ACRES 1190 Being the untold portion of the Albury Bstate, withdrawn from lait tale on acoount, of the lateness of the hour. Albury bring the Terminus of the Railway extending from Timaru towards Burkes Pan and tho centre of a large and rapidly inoreasing A gricxiltural District, the Township Sections and Farmi are submitted to publio com* petition to tupply a want long felt of Building Sites for Stores and other places of businasi, also Homesteads for CarrUrs, Contractors, and others. Plans can be soon at the ©(Hoes of the undersigned. Terms of payment at sale, easy. J. T. FORD & CO., Auctioneers, Cluistohurch. MILES, ARCHER k CO., ap29 Timaru. 11HR COLONIAL INSURANCE . COMPANY OF NEW ZEALAND (Registered under the Joint Stook OomptmUs Aots), for FIRE AND MARINE INSURANCE. Capital Two Millions Steblino. In 200,000 Shares of £10 each. Ton Shilling! per Share payable thereon, making £100,000 Cash Capital. Firet issue, 100,000 shares. 2s 6d per share payable on application ; 2s 6d upon allot* me lit j and 6s per share at call, not less than three months after registration. Chief Offices - • Wellington. BOABD OF DIRECTORS. CIIAIBMAN I The Hon. O. J. Pharazyn, M.L.C., Chairman Looal Board Australian Mutual Provident Sooiety. Vicb-Ohaibman : Tlio lion. Rnndall Johnson, M.L.0., Man aging Director Northern Land nnd Loan Company. Jacob Joseph, Esq., Merohant. A. do B. Brandon, Esq., M.H.R., Local Director Australian Mutual Provident Society. E. W. Mills, Esq., Merchant. The non. M. S., Grace, M.L.C., Looal Director Australian Mutual Provident Sooiety, Wntter J. Nathnn, Etq., Merchant. Local Directors— Christohurcii : The lion. E. ltirhardson,M.H.R.,Heniy W. Lee, Esq. (of Messrs Ward & Co.), W. Saundor*, W*q. (of MVttrs Paunderg nnd Honderaon), C. W. Turner, Esq., Merchant, Solicitors : Messrs Brandon & Son, Wellington. Gknkrai, Manages : George Samuel Graham, now Inspector Norwich Union Insurance Society. Bankbrs : The Bank of New Zealand, Sfobbtawy : For organisation (and subsequently agent for Canterbury), Mr Frcdk. E. A. Graham. Copies of tho Memorandum and A,rtioles of Association can be sren at the Office of the Company, and nt any of the "Branches of tho Bank of New Zealnnd, where Forms of Application can be obtained, and deposits will be received. The Directors enoh subscribed for £10CD cash (being part of ordinary capital) prior to tho formation of the Company, and have undertaken its organisation m a thoroughly Colonial institution, with headquarters in Wollington. One-half only of the shores will be immediatfly issued, «nd the Directors, having already apportioned a considerable number in securing a large amount of important support, are prepared to place the available balance in fair proportions throughout the Colony with persons whose business or influence is caloulated to be valuable to the Company in the mutual interosts of all concerned. The Company being thus possessed of strong insurance support, and being able to offer the publio tho guarantee of ample cash capital, with thorough security, will commence business, the whole of the remaining 100,000 shares being reserved for allotment in successive issues to actual insurers with tho Company, under tho provisions of the Articles of Association, in proportion to tho insurance premiums paid by thorn. The proportion of sharos foe issue, compared to the amount of pounds sterling of insurance premiums paid, nill be declared from time t> time at tho discretion of the Directors, so as to offer a continuous inducement to insurers to join tho Company. Several of tho dirootors have had experience of tho great advantago of mutuality in connection with the most successful Life Association Assurance existing, and, after long consideration, tho Board are snt.isfied that the present proposal comprehends the most practionl embodiment of thnt principlo applicable to Fire and Marino business lho Directors are fully alive to tho importance- of considering in the first allotment tho great body «f simll insurers, nnd they have also determined, notwithstanding any pressure, upon maintaining the chief point, of their proposnl, viz., that they will keep in hand tho whole of the remaining 100,000 shares for future nllotmont to nctual insurers upon the definite and equitable basis above stated, which places nil rnnks of insurers upon an equal footing. Tho Directors have therefore, calculated upon the fo lowing results, viz : Tint tho method of fixing tho capital will iittuol) n larga amount of btii-inees, And thnt the Company will hnve tho sympathies of the publio as a colonial institution, open to all insurers upon a mutual principle, and yet bnckod by large capital, security, and business. The Companies hitherto formed have been unifoimly successful, nnd the rapid progress of tho Oo'or.y fully warrants tho foundation of & similar institution in its Capital Cih. The rates and general terms of business of the Company will bo similar to wnatevnr mnv bo current from time to time, as the insured will he tnabled to participate as nearly us possible in proportion to the profits derivable therefrom. It is not anticipated that any further calls will bo mode. The applications for sharos will be considered as received, nnd the Lists will bo closed in ench Prorinoo nt tho discretion of | the Directors. Tho Bank of Ni'w Z-nlund is tow prepared j to receive application* for shares. my 7

/^IASH ADVANCKSTO FARVf 1- RS

The Undei«i»nod aro prepnrod to mnlce CASH ADVANOES to Formers on the Security of their Growing Crop*, and of their Freehold or Leniehold Properties at modorate rates of interest. Also to reoeivoG^AlN into Dunfdin, either for Sale in the Colonies or for Shipment to, and sale by, I heir friends, MESSRS JAMBS MORRI-.ON & CO., in London. RKNSHVW. DKNMSTOX k CO., my 9 Boi d street, Eunedin.