Page 3 Advertisements Column 5

New Zealand Times, Volume XXXIII, Issue 5327, 24 April 1878, Page 3

Public Com]. pRBLIMINAKY THE COLONIAL INSURANT PANY OF NEW ZEALANL, (To be registered under the Joint Stock L pauies Acts), FOE FIEE & MARINE INSURANCE. Capital Two Millions Steeli In 200,000 Shares of £lO Each, Ten Shillings per Share payable thereon, Making £IOO,OOO Cash Capital. CHIEF OFFICES ... WELLINGTON, BOARD OF DIRECTORS. Chairman : The Hon. O. J. Pharazyn, M.L.C., 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.E., Local Director Australian Mutual Provident Society. E. W. Mills, Esq., Merchant. The Hon. M. S. Grace, M.L.C., 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. Feedk. 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 be 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 beiug 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 insurers 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 embodiment of that principle applicable to Fixe and Marine Business. 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. In addition to a fair proportion of the first issue reserved for small insurers, the 100,006 shares retained in hand will further secure, on the definite and equitable basis of mutuality proposed, the interests of the small insurers, whor;e 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 will be done as soon as possible. ADDITIONAL, SUBSCRIBERS. Thompson, Shannon, and Co. Krull and Co. Ivirkcakue and Stains J. Harcourt (of A. P. Stuart and Co.) W. H. Levin W. Waring Taylor J. Dransfield Greenfield andjltewart George Crawford Wilson and Richardson L. Levy Alexander Johnston • D. Mclntyre J. Burne Sir W. Fitzherbert, K.C.M.G. W. Bishop \ ' J. F. E. Wright Jno. Duthie (of Wanganui) W. Dawson and Co. 1 Jonas Woodward Robert Port W. R. Williams John Plimmer, sen, T. Mills and Co. • Zohrab, Knocker, and Co. W. & G. Turnbull & Co. IVTATIONAL MORTGAGE AND lal AGENCY COMPANY OF NEW ZEALAND (LIMITED). The undersigned is appointed AGENT foe 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. Wool-growers requiring advances in anticipation of next ■ clip, may obtain them on liberal terms. EDWARD PEARCE, Agent for Wellington and Hawke’s Bay. NEW ZEALAND Loan & mercantile agency ce. (LIMITED). Capital ... ... £3,000,000. The Company makes advances on stations, on stock, on growing clips ’of wool, and os. other produce ; and receives consignments of wool, hemp, grain, tallow, preserved leather, horns, &c., for sale in London os commission at rates which may be learned on application at the company's office. W. H. TRAPP, Pro Agent. Offices and Stores : Custom House-quay, (Next Plimmer’s Wharf). HE SCOTTISH AND NEw”ZEALAND INVESTMENT COMPANY. LIMITED. Capital—£soo,ooo. This Company is prepared to make Advances to farmers and others on freehold cc leasehold properties at the Lowest CurrenS Rates of Interest, and to arrange for repayment by instalments if desired. Forms and particulars may be obtained the Company’s Head Office, Esk-street, Invercargill, or by application to the undersigned, MURRAY, COMMON, & CD., Ageuts in Wellington. jyVBRPOOL & LONDON & GLOBE INSURANCE COMPANY. All classes cf FIRE RISKS in tows cr country taken at current rates. ■ ‘ r ! - J r EDWARD PEARCE, Agent