Page 3 Advertisements Column 2

New Zealand Times, Volume XXXIII, Issue 534, 1 May 1878, Page 3

In Bankruptcy fiSy fi IN THE SUPREME COURT OR NEW ZEALAND. WELLINGTON DISTRICT. IN THE MATTER OR THE DEBTORS AND CREDITORS ACT, 1876, ; Ami , ! Of the Bankruptcy of JOHN THOMSON LOVE, of the . city of Wellington, Tinsmith and Plumber, a Debtor. NOTICE is hereby given that at the first meeting of the creditors of the abovenamed debtor, held at the Supreme Courthouse, Wellington on the 17th, DAY of APRIL, 1878, it was unanimously resolved by all the creditors of the said debtor present or represented at such meeting " ihat Mr. Mills' proposal on behalf of the.debtor to pay 7s. 6d. in the £ sterling upon the amount of the respective claims of the creditors by Mr; Mills'bills at four months from that date be accepted and notice is hereby further given .that the said resolution has been duly confirmed,and that,the deed of composition and arrangement executed in .conformity therewith has been declared duly executed, and ordered to be filed in the Supreme Court' at Wei-' lington. ~ ' i". ■ ■ ; ' All the, creditors of the . said debtor who have not already duly proved their chums are requested forthwith to send particulars thereof, duly verified by affidavit, to Mr. William Berry,' at Lainbton-quay, ; Wellington, the trustee appointed under the said deed of composition and arrangement. . .. Dated this 30th day of April, 1878. MOORHOUSE & EDWARDS, Solicitors for the said Trustee.

IN THE SUPREME COURT OF NEW 1. : ■ ZEALAND, ■ -*-■ , WELLINGTON (DISTRICT.; IN THE MATTER OF THE DEBTORS . AND CREDITORS ACT, 1876, | And ' : Of 'thel Bankruptcy of JOHN THOM ; ■ SON LOVE, of the city of Wellington, Tinsmith and Plumber, a Debtor. - f! : ;

IT is hereby notified that by an order made in this honorable Court cm TUESDAY, the thirtteth day of APRIL, 1878, the deed of composition and-arrangement dated the twenty-fifth day of • APRIL, 1878, made between the’above-namod debtor John Thomson Love, of the first part, Edward William Mills, of the second part, William Berry, of the third part; and all the creditors of the said John Thomson Love, of the fourth part, was declared completely executed, and that it whs ordered that the said deed be filed in this honorable Court,; and'that the bankruptcy ; of the said debtor was thereby annulled. ! MOOBHOUSE &; EDWARDS,; Solicitors to tbe-Trustee of the above-mea-tionedfdeed: of. composition and arrangement. •

Prospectus The colonial insurance company OF NEW ZEALAND, J . (Registered under the Joint Stock Companies Acta), for 1 FIRE AND MARINE INSURANCE,' Capital ... ... Two Millions Sterling. In 200,000 Shares of £lO each. Ten Shillings per Share payable thereon, making £IOO,OOO Cash Capital. ~, , ’ First issue, 100,000 shaves. 2s. 6d, per share, ‘ payable on application ; 2s. 6d. upon allotment ; and ss. per shave, at call, not less than three mouths after registration. Chief Offices . - Wellington BOARD OF DIRECTORS. Chairman : The Hon. C. J. Phauazyn, H.L.0., Chairman Local Board Australian Mutual Provident Society. 1 . Vice-Chairman : The Hon. Randall Johnson, M.L.0., 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. 1 ' E. iW. Mills, Esq., Merchant. The Hou. M. S. Grace, M.L.C., Local Director Australian Mutual Provident Society. Walter J. Nathan, Esq., Merchant. Solicitors : Messrs. Brandon & Son, Wellington. General Manager. A thoroughly competent and experienced General Manager will, be appointed. 1 Bankers ; • ' The Bank op New Zealand. , Secretary: ;• ; For organisation (and. subsequently agent• for, Canterbury), Mr. Frederick E. A. Graham. . •

Copies of the Memorandum aud Articles of Association can be seen, at the Oiiico of the' Company, and at any of the Branches of the Bank of New Zealand, where Borms of Appli-I cation, can be obtained, and deposits will be; received. ... L ■■ . : • - ; The Directors each subscribed for £1000: cash prior to the formation of the Company, \ and have,-undertaken'its organisation as a; thoroughly ; Colonial institution, with headquarters 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. important support, arc prepared to place the, available balance in fair proportions throughout the Colony with persons whose business or influence is calculated to be valuable to. the Company in the mutual interests of all concerned. .. The Company being thus possessed of strong insurance support, and being able to offer the public the,.'guarantee of ample cash’ capital, with thorough,seourily, will commence business, the whole of the remaining 100,000 shares.being reserved for allotment in successive issues to actual insurers with the Company, under the provisions of the Articles of Association, in proportion to the" insurance premiums paid by them. The proportion of shares-for issue, compared to the amOuritOf pounds sterling of insurance premiums paid, will be declared from time to time at the discretion of the Directors, so as to. offer a continuous inducement to insurers .tO Join the Company. Several of the directors have had experience of the great advantage of mutuality in connection with the most successful Dife Association Assurance existing, and, after long consideration, the Board are satisfied, that the present proposal comprehends the most practical embodiment of that principle applicable tO Bire and Marine business.. The Directors are fully alive to the importance of considering in the first allotment the groat body of small insurers, and they have also determined, 5 notwithstanding any pressure, upon maintaining the chief. point of their proposal, viz., that they will keep in hand the whole of the ’ remaining 100,000 shares for future allotment to actual insurers upon the definite and equitable basis above stated, which places all ranks of insurers upon air equal footing. The Directors have therefore calculated upon,the following results, viz; That the method of fixing the capital will attach a large amount of business, and that: the Company will have the sympathies of-the public as a colonial institution, open to all i insurers upon a, mutual principle, and yet backed by large capital, security,' and business. The Companies hitherto formed have been uniformly, successful, and the rapid progress of the Colony fully warrants the foundation of a i similar institution in its Capital City. The rates and general terms of business of the Company will be similar to whatever may bo current from time to time, as the insured will be ! enabled to participate as nearly as possible in - proportion to the profits derivable therefrom. It is not anticipated that any further calls ; will be made. , - The applications for shares will be considered as received,’ and the Lists will' be closed in each province at the discretion -of the Direcj tors. ... - ." ’ ■ 1 ■ ;;. The BanJt of New Zealand, Wellington, will i be prepared to receive applications this dag. ' jjA GBA.N.DIfI MA-KQUE.