Page 1 Advertisements Column 4

New Zealand Times, Volume XXXII, Issue 5084, 10 July 1877, Page 1

Insurance Companies Prospectus or THE UNION EIRE & MARINE INSURANCE COMPANY OP NEW ZEALAND. TWO MILLION* POUNDS STERLING, In 1 00,000 Shares of £2O each. On which it is proposed to call up one pound per share as follows, viz., 2s. 6d. per share on application, 2s. 6d. on allotment, and six further calls of 2s. 6d. each at intervals of four months. Provisional Directors : John Anderson, Esq. W. D. Carruthers, Esq. (General Manager New Zealand Trust and Loan Company). John Connal, Esq, (Messrs. Edwards, Bennett and Co.l P. Cunningham, Esq. (Messrs. P. Cunningham and Co.) ■ Andrew Duncan, Esq. (Messrs. Duncan and Son.) J. J. Fletcher,' Esq. (Messrs. Sclanders, Fletcher, and Co.) L. Harper, Esq., M.H.R. (Messrs. Hanmer and Harper.) T. M. Hassal, Esq. (Messrs. Miles, Hassal, and Co.) John Inglis, Esq. (Messrs. Matheson’s Agency.) W. Montgomery, Esq., M.H.R. H. P. Murray-Aynsley, Esq,, M.H.R. (Messrs. Miles, Hassal, and Co.) J. Palmer, Esq. (Chief Officer Union Bank of Australia.) The Hon. J. T. Peacock, M.L.C. W. Reeves, Esq. G. G. Stead, Esq. (Messrs. Royce, Stead, and Co.) John Studholme, Esq. W. D. Wood, Esq. (Messrs. Wood, Shand, and Co.) Bankers : Union Bank of Australia. Solicitors : Messrs. Hanmer and Harper, This Company is organised in response to the wish of a largo number of capitalists, merchants, and others, who have already promised a considerable amount of support, and with the intent of offering to the general body of the public a further opportunity of becoming, as far as possible, their own insurers. The increase of insurable property in this colony has been so rapid that there is, in the opinion of the promoters, ample scope for the operations of another company. The Fire and Marine Insurance Companies already formed have met with such great and unvarying success, that it is quite unnecessary to refer to the profitable nature of such undertakings, but it may be pointed out that this colony is subject to natural conditions singularly favorable to insurance business. One of the most important considerations involved is the distribution of risks, which is here secured through the division of population and, consequently, of insurable property amongst numerous centres as yet but sparsely occupied. The large proportion of substantial buildings now being erected may. also be noted as a feature favorable to the limitations of risks in this enterprise. One of the most profitable branches of Marine Insurance is ah interprovincial and intercolonial business, a largo proportion of which the promoters have reason to rely upon. In the allotment of shares the Provisional Directors will endeavor to secure an equitable distribution throughout the colony, so as to combine a powerful association of investors for tire security of the assured, together with persons likely to influence business. Agencies ,will he opened throughout the colony as speedily as possible, and local directors appointed. Tlie chief office is established at Christchurch. The following gentlemen will hold office as Directors until the first annual meeting, when they will retire in accordance with the articles of association:—Messrs. J. Studholme, W. Reeves, T. M. Hassal, J. Palmer, J. T. Peacock, W. Montgomery, G. G. Stead, and W. D. Carruthers. The Directors intend to secure the services of a thoroughly experienced and competent general manager for the company. Copies of the prospectus and forms of application for shares may he obtained at any of the branches of the Union Bank of Australia tlrronghout New Zealand, where applications for shares, accompanied by a deposit of 2s. 6d. per share, can now be made. All applications will be forwarded to Christchurch as received. The share list will close on the 15th August. GLOBE MARINE INSURANCE COMPANY (LIMITED.) CAPITAL £500,000. Head Office : London. Risks on merchandise and steamers to all parts of the world taken at lowest current rates. Losses promptly paid in Wellington, London, or any of the numerous agencies. LEVIN & CO., Agents. •yiCTORIA INSURANCE COMPANY FIRE AND MARINE. Established 1849. CAPITAL £BOO,OOO Head Office : Melbourne. Insurance of every description effected at lowest current rates, and claims promptly met. Losses can be made payable in any part of New Zealand or the Australian colonies. „ LEVIN & CO., Agents. Mutual life association of AUSTRALASIA.. Incor. by Act of Parliament; Estab. 1869. B®, Special Features.—Age admitted on Policies, which are unchallengeable from date of issue. Lowest Rates of Premiums, and no hampering CONDITIONS as to residence or occupation. Every information on the subject of Life Assurance Annuities and Endowments for Children, afforded by J. A. Lowe, Travelling Agent; or Dalgliesh & Reid, agents for Wellington. The FIRST OFFICE IN THESE COLONIES to free Life Assurance from harassing restrictions. Australian mutual proviDENT SOCIETY. Established in the year 1849. FOR MUTUAL 'LIFE ASSURANCE. NEW ZEALAND BRANCH: HEAD OFFICE—WELLINGTON. The Annual Revenue exceeds £470,000. The Accumulated Fundnow exceeds £2,000,000. The Society has paid to representatives of deceased members upwards of £700,000. The Society has divided amongst its members £412,000, yielding reversionary bonus additions, amounting to £910,000. The New Business for the year 1876 was 4559 Policies, assuring £1,652,575, producing a new annual revenue of £56,300. Persons assuring in this office share the whole profits, and a bonus is declared every fifth year. The annual report, prospectuses, and proposal forms may be had (or will be sent post free), on application to the Branch Office, or to any of the Society’s Agents. EDWARD W. LOWE, Resident Secretary.