Page 3 Advertisements Column 6

New Zealand Times, Volume XXXIII, Issue 5323, 18 April 1878, Page 3

Public Companies PRELIMINARY NOTICE. THE COLONIAL INSURANCE COMPANY OF NEW ZEALAND, (To be registered under the Joint Stock Companies Acts), FOR FIRE & MARINE INSURANCE. Capital Two Millions Steeling In 200,000 Shares of £lO Each, Ten Shillings per Share payable thereon, Making £IOO,OOO Cash Capital. CHIEF OFFICES ... WELLINGTON. BOARD OP DIRECTORS. Chairman : The Hon. C. J. Phakazyn, M.L.0., Chairman Local Board Australian Mutual Provident Society. , Vice-Chairman : The Hon. Randall Johnson, M.L.C., Managing Director Northern Land and Loan Company. Jacob Joseph, Esq., Merchant. A. de B. Brandon, Esq., M.H.R., Local Director Australian Mutual ' Provident Society. E. W. Mills, Esq., Merchant. The Hon. M. S. Grace, M.L.0., Local Director Australian Mutual Provident Society. Walter J. Nathan, Esq., Merchant. Solicitors : Messrs. Brandon and Son, Wellington. General Manager. A thoroughly competent and experienced General Manager will be appointed. • Bankers To be hereafter appointed by the Directors. Secretary For organisation (and subsequently Agent for Canterbury); Mr. Fredk. E. A. Graham. The above Directors are entrusted with the organisation of the Company, and have power to frame the Articles of Association, and to register the same. They will provide for the Board a tenure of office of one year, and the annual retirement of the usual proportion of their number. The Directors have each . subscribed for £IOOO cash interest in the Company, and have undertaken its formation as a thoroughly Colonial institution, with head-quarters in Wellington. One-half only of the shares will be immediately issued, and the Directors having already apportioned a considerable number in securing a large amount of support, are prepared to place the available balance for Wellington with persons whose business .or influence is calculated to be valuable to the company. Adequate proportions of the first half of the capital are reserved for the other parts of the colony, and will there he allotted by the Directors upon a similar principle, in the mutual interests of all concerned. The Company having thus , secured a large amount of support, and being able to offer to the public the guarantee of ample Cash Capital, will commence; business, the whole of the remaining 100,000 shares being - reserved for allotment in successive issues to actual in- ■ surers with the Company: in proportion to the insurance premiums paid by them. Several of the Directors have had experience of the great advantages of mutuality in connection with the most successful Life Association existing, and, after long consideration, the Board are satisfied that the present proposal comprehends the most practical em- ' bodhnent of that principle applicable to: Fire and Marine Business. ’ : i■■ ■ 1 ’ NOTICE. Subscriptions for a large number of shares, carrying pledges of material support, having , been arranged, the Directors - are compelled to require positive assurance of intention and capacity to bring business before making further arrangements, excepting in regard to matters yet in negotiation. ■ ■ : ■ A Temporary Office will be opened in a few days, at which information can be obtained. . . : In addition to a fair proportion of the first : issue reserved for small insurers, the 100,000 shares retained in hand will further secure,-on the definite and equitable basis of mutuality proposed, the interests of the small insurers, whose support affords the best guarantee of business strength. Business people, householders, and others having insurable property can make inquiries at the temporary offices (Panama Chambers, late Ledger’s), from the Secretary or AssistantSecretary, '; previous to' arrangements being made for the receipt of their applications, which wall be done as soon as possible. ADDITIONAL, SUBSORIBERa; * Thompson, Shannon, and Co. Krull and Co. Kirkcaldie and Stains , . ,J. Hnrcourt (of A. P. Stuart and Oq.) W. H. Levin . W, Waring Taylor . J. Dransfield Greenfield and Stewart George Crawford . Wilson and Richardson L. Levy , Alexander Johnston D. Mclntyre J. Burne Sir Wi Fitzberbert, K.O.M.G. W. Bishop J. F. E. Wright VJno. Duthie (of Wanganui) W. Dawson and Co. ! Jonas Woodward Robert Port • W. B. Williams John Plimmer, sett. T. Mills and Co. ; Zohrab, Knocker, and Co. IVT ATONAL MORTGAGE AND JL\ AGENCY COMPANY OP NEW ZEALAND (LIMITED). The .undersigned ' is appointed AGENT for the above company, and is authorised to make Advances to Station-holders and others, on Mortgage of freehold property, or. against shipments of wool or other produce. Woolrgrowers requiring advances in anticipation of i next clip, may obtain them on liberal terms. . EDWARD PEARCE, Agent for Wellington and Hawke’s Bay. NEW ZEALAND Loan & mercantile agency co. (LIMITED). Capital . - ... £3,000,000. The Company makes advances on stations, on stock, on growing clips "of woo!, and l on other produce ; and receives consignments of wool, hemp, grain, tallow, preserved .meats, leather, horns,, &c., for sale in London on commission at rates which may be learned on -application at .the company’s office. ■ - W. If. TRAPP, Pro Agent. Offices and Stores : - , Custom House-quay, • ",' ;: .. , (Next’ Plimmer’s Wharf). finHE SCOTTISH AND NEW ZEA--1 LAND INVESTMENT COMPANY, LIMITED. - Capital—£soo,ooo. ; ‘ 1 ' ' This Company; is. prepared to make Advances to farmers and others on freehold or leasehold properties at the Lowest Current ; Rates of Interest, and to arrange for repayment by instalments if desired. Forms and particulars may be obtained at the Company’s Head Office, Esk-street, Invercargill, or by application to the undersigned. MURRAY, COMMON, & CO., Agents in Wellington. INSURANCE COMPANY. | All classes of FIRE RISKS in town or g country taken at current rates. C EDWARD PEARCE, Agent.