Page 3 Advertisements Column 4

North Otago Times, Volume XXVI, Issue 1884, 10 May 1878, Page 3

New Advertisements.

RURAL AND TOWN SECTIONS.

MESSRS J. T. FORD AND CO. havo received instructions from the Hon. Edward Richardson to sell by PUBLIO AUOriON, On SATURDAY, tbe 11th MAY NEXT, At Moisrs Miles, Archer and Oo.'s stores, At 2 o'clock, 140 TOWN ALLOTMENTS 140 Immediately Adjacent to the Albury Railway Terminus, And having a Frontsgo on tho Main Road To tho Mnckonzie Pass.

A 1,80, 1190 AORES 1190 Being the unsold portion of the Albury Estate, withdrawn from last sale on account, of the latoness of tbe hour. Albury bting tho Terminus of tbo Railway extending from Timnru towards Burkes Puss and the centre of a Inrge and rapidly increasing Agricultural District, tho Township Sections and Furms aro submitted lo publio competition to supply a want long felt of Building Sites for Storos and other places of business, also Homesloads for Carriers, Contractors, and others. Plans can be soon at tho offices of the undersigned. Terms of payment at sale, ensy. j. T. FORD fc CO , Auctioneers, Cluisloliuroh. MILES, ARCHER fc CO., 0p29 Timnru. I

rpHK COIONIATi INSUKANCK I COMPANY OF NEW ZEALAND (Registered under the Joint Stock Companion Ad*), for FIRE -AND MARINE INSURANCE. Capital Two Millions Stbbmkg. In 200,000 Shares of £10 .•noli. Ten Shillings per Share piiynblct thereon, making £100,0(0 Omli Capital. Firrt, issue, 100,(00 ihiires, ?• 6(1 per sharo pnyiiblo on application j 2s 6d upon allotHunt ; and 5s per chare at call, not less than three months lifter registration. Chief Offices - - Wellington. BOARD OF DIRECTORS. Chairman! Tho Hon. O. J. Plmrnnn, M.L.G., Chairman J.ooal Board Auttralina Mutual Provident Society. VIOR-dIAIRMAN : Tlio iron. Rnmliill Johnson, M.L 0.. Mini aging Director Northern Land und Loan Company. Jacob Joseph, Fcq., Merchant. A. de B. Brandon, F.Fq., M.UVR., Locnl Dirertor Australian Mutual Provident Society. E. W. Mills, Eeq , Merchant. The non. M. S. Grnce, M.L.0., Local Director Australian Mutual Frovidont Sooioty. Wallor J. Nntbnn, Efq., Merchant. TocAL DmrcTons— CnnisTCHUitcii : Tho Hon. E. XHinrdson, M.H R ,11 n.y W. Lee, Ksq. (of Messrs Word & Co.), W. Snundrrs, J*q. (of Afeosrs (-'minders and Henderson), C. W. Turner, Ktq , Merchant. SoLicirona : Messrs Binndon & Son, Wellington. Grnkhal Managbr: George Pamupl Graham, now Inspector Norwich Union Insurance Soiiely. Bankrrs : Tho Bank of Now Zednnd. Spcuktaky : For orgnnUation fund subci quently agent for Ciniterbtiry), Mr Fredk. H. A. Onhnm. Copies of tbo Memorandum nnd Artielo« of Association csn bo scpn nt the OfHeo of tho Compimy. «nd nt nnv of tho Prnnches of tho Bnnk if Now Z^nl'ind, \rlirro Form^ of A ppli* cation enn be obtained, nnd deposits will bo reoeived. The Directors enoh sub'cribpri for £1000 ca»h (being pnrt of ordinary oupitnl) prior to tho formation of the Company, and have undertaken its orennisation us a thoroughly Co'oninl ii.ilituiion, with headquarters in Wellington. One-half only of tho shares will be immodiatdy imieri, and tlio Piie«torn, having already nppoi Honed a considf r«l>lo number in securing n larce amru't of important support, aro prepared to plnee the nvHi'all>* holanco in fair proportion* throughout 'he Colony with perfons whose bu»ines* or ii.fliienc« is ealeuliitorl to bo valuable to tho.Compnny in tho mutual interests of all ooncerned 'Ihe Company being thus possessed of s'rontr in*urnnee support, nnd beinn nhlo to offer (ho public the gunrnntcn of nni|ilo pmh capital, with tlinrough security, will comm^neo bu«ine««, th<» whole of the rimniniog 10f),000 shares being reservpd for allotment in snoee^give in'itpn to nctnnl insurers vrith the Company, under Iho pi< twlotw of tho A. v 1 i cles of Ascooatton, in proportion to tho insurrtneo premiums paid by tlietn. 'J'ho pioportion of chares foe icsue, compnred to Iho amount of pounds sterling of insurance premiums pni I, »ill be declared from time ttime nt Ihe dieerption of tlio Direofors, ao ns tr> oflVr n continnriM inducement to insurers to join tho Company. Several of the i-'iieclors haro had experience of tho erpnt ndvontneo of imi'tt'tiitv in connection with the. m^st succe'nftil Life Aosurnnoo Assro'alion existinif, nnd, nfter lonjr consideration, the Board am s'it : sfiod that the present proposal comprehends the most pn»ptic»l embodiment of ilmt piinciplo applicable to Firo nnd Marine bu«inesi Iho Directors nro fully n'i*'o to tho importance of considering in the fii^t allot mont the great body nf mull iiwurom, nnd they have also determined, nolwiih«tnndine nny pressure, upon maintaining the chief point of their proposal, viz., (hut they will keen in hnnd tho wlu«lo of tho remaining 100,000 chares for future allotment to netunl in-urers upon the rlpfiuilo anH i-quifiiMo bnfii nHovo stated, which places »ll ranks of insurer* upon an equal fooling. Tho Directors hnvo therefore calculated upon the fo lowing rpsuMii, fir,: rlhr Ih it iho method of fixing tho cupitul will ottnch a largo nmount >>( bu-ine«s, and »h»t the Company will hnvo tho cymputhics of the public a* a colonial institution, open to nil insurers U) on a mutual prinoiplo, and yet bucked by largo capita, teourily, and bufineci. The Companies hitherto formed h»TO been uniformly suece««ful, ynd tin- nipi'l progress of the Oo'oi y fully warrnnts tho foundation of a similar in^iilutioii ir its Cnpilnl C'it-\ . The rates nnd general terms of bii'inrsi of the Company will bo rimilur to wbaievor m«v to eurront from timo to time, as the insured will be inablcd to piiriicipato ns noiirlv us poitiblo in pioportion to tho profits deiivabte therefrom. It is not anticipated that any further calls will bo made. Tho applications for sljiires will be considered ns received, nnd tho I ists will bo closed in each Provincu at tho discretion of the Director*. The Bank of New Z-»lnml is row prepared to receive applications for shares. m\7

17 () It SAL H, 300 ACRES 300

FinST-OLVSS FARM ne,.r Railway ytation, Mukikihi, on Terms. ITALF ACHE SKOTION in To«n of Wnimnte, with a Hre roomed House nn<l a Foui-roomeJ House thereon j Cheap. — Also, OTHER VALUABLE PROPERTIES. Apply to A. ADAMS AND CO., * iy lo WAIMATF.