Page 3 Advertisements Column 5

North Otago Times, Volume XXVI, Issue 1885, 11 May 1878, Page 3

New Advertisements.

RURAL AND TOWN SECTIONS.

MESSRS J. T. FORD AND CO. have reoeived instruction! from the Hon. Edward Riohardson to sell by

PUBLIO AUCTION, On SATURDAY, the 11th MAY NEXT,

At Keisrs Miles, Arohsr and Co.'l stores, At 2 o'clock,

140 TOWN ALLOTMENTS 140 Immediately Adjacent to the Alb«ry Railway Terminus, And having a Frontage on the Main Bond To the Mackenzie. Pass. Also, ' 1100 ACRES 1190 Being the unsold portion of the Albury Estate, withdrawn from last sale on account,

of the lateness of the hour. Albury bring the Terminus of the Railway extending from Timaru towards Burkes Pass and the centre of a large and rapidly inoreasing i gricultural Distriot, the Township Seotions and Farms are submitted to publio competition to supply a want long fslt of Building Sites for Stores and other places of business, also Homesteads for Carriers, Contractors, and others. Plane can be seen at the offices of the undersigned. Terms of payment at sale, easy. J. T. FORD k CO., Auctioneers, Christchuroh. MILES, ARCHER k CO., ap29 Timaru.

rpHK COLONIAL INSURANCE 1 COMPANY OF NEW ZEALAND (BegUtered under the Joint Stook CompanUi

Actn), for

FIRE AND MARINE INSURANCE.

Capital Two Millions Steimng. In 200,000 Sham of £10 each. Ten Shillings per Share payable thoreon, making £100.000 O«ib Capital.

First ißiue, 100,000 ihurei. ?• 6d per ihare payable on nuplicition } 2i 6d upon allotment > and 6t per share at call, not lets than three months after registration.

Chief Office* •

• Wellington.

BOARD OF DIREOTORS. CIUIBMAN t

The Hon. 0. J. Pharaiyn, M.L.0., Chairman Local Board Australian Mutual Provident Socioty. Vicb-Chaibhah :

The Hon. Randall Johnson, M.L.C., Managing Director Northern Land and Loaa Company. Jacob Joseph, K*q., Merohant. A. de B. Brandon, Etq., M.H.R., Local Direotor Australian Mutual Provident Society. B. W. Mills, Esq., Merchant. The Hon. M. S. Graoe, M.L.0., Looal Direotor Australian Mutual Provident Sooioty. Walter J. Nathan, Eiq., Merohant.

Local Dibkctobs— •CHßisTontJHon •

The Hod. B. Rifh»rdion, M.H.B.,HMiry W. I*o, Eiq. (of Mesiri M-ard & Co.), W. Saunderi, Ytq. (of Meiiri Paunder* and Hendereon), 0. W. Turner, E«q., BJerohant. SOMOITOBS : Menrt Brandon k Son, Wellington. Gknkral Managbb:

George Bamuel Graham, now Inspector Norwich Union Insurance Society. Bakkrbb : The Bank of Now Zealand. Sf.obbtmiy :

For organisation (and subsequently agent for Canterbury), Mr Fredk. E. A. Graham.

Copies of the Memorandum and Artiolen of Aioociation can be seen at the Office of the Compnnv. and nt any of the Branohes of the Bank of Npw Znalund, where Forms of Application can be obtained, and deposits will be received. The Directors each subscribed for £1003 eaah (being part of ordinnry capital) prior to the formation of the Company, and have undertaken its organisation as a thoroughly Col on in 1 institution, with headquarters in Wellington. One-half only of the shares will be immediately itsueri, and the Director*, having already apportioned a considtrahle number in securing a large amount of important support, aro prepared to place the nvailablo balance in fair proportions throughout the Colony with perrons whose bu*ines» or influence is cnloulntod to be valuable io the Company in the mutual interests of all concerned. The Company being thus possosied of strong insurance support, and being able to offer the publio the guarantee of ample cash capital, with thorough security, will commence businetn, the whole of tho remaining 100,000 shares being reserved for allotment in successive iVues to actual in»urers with the Compnny, under the provisions of the Articles of As*oo ; ntion, in proportion to the insurance premiums paid by them. The proportion of shares for issue., oom pared to the amount of pounds sterling of insurance premiums paH, will be declared from time t> time at the discretion of the Direotors, so as to offer a continuous inducement to insurers

to join the Company. Several of tho directors havo had experience of tho eront artvantaao of mutuality in connection with the m^st suocefsful Life Assurance Association existing, and, aft*r long ennsiderntion, tho Board are mtisfied that the present proposal comprohends the moit practicnl embodiment of that principle applicable

to Fire nnd Mnrino bupinrai The Director! nro fnllj nlire to the itn* portance of considering in tho fir it allotment th« (iront body »f em ill innurori, nnd th*y hare also determined, notwithstanding »ny pressure, upon maintaining the chief point of their propo«nl, yiz., that thoy will bn in hnnd tho whole of the remaining 100,000 •hnrce fo"" fuMire nllotment to nctunl incur*™ upon the definite »nd equitable bnsia aboTe stßtfd.wbich plnresnl! ronkn of insin-eri upon nn rqn»l footing. The Pireotor* h«y© tberpfore circulated upon tho fo" lowing remits, y\z : Th'it the method of fixing the capital will Btt^cb h larp« nmount of bußinees, nnd thnt the ComDnny will lirto the wmpntliiei of the publio nn a colonial institution, open to »U inonrori upon a mutual prinoiplo, and jft backed by large capital, seourity, and

business,

The Companies hitherto formed have been uniformly (mrceitiful, And the rapid progress of the Cn'or>y fully warrants the foundntion of a similar institution in its Capital City. Tho rntes and funeral terms of business of H>« rompnny will bo pimi!»r to irhaterer may m ourren*, from time to time, ns the insured will h« tnablcd to participate as nearly «» poMibln in proportion to the profit! derirable therefrom. It is not anticipated that any further calls

will bo mnde,

The applications for shires will be considerrd as received, and the Lists will be closed in each Province at the discretion of

the Directors.

Tha Bnnk of Npw Znnlnnd is tow prepared to receive replications for shares. my 7

SALE,

F ° R

300 AORES 300

FIRST-CLASS FARM near Railway Station, Mttkihihi, on Terms. HALF ACRE BEOTTON in Town of Waimntp, with a Five-roomed House and a Four-roomed House thereon • CUeap. — Also, OTHER VALUABLE PROPERTIES. Apply to A. ADAMS AND CO., m»id WAIMAIK.