Page 3 Advertisements Column 2

New Zealand Times, Volume XXXIII, Issue 5034, 2 May 1878, Page 3

Prospectus rriHE COLONIAL INSURANCE COMJL IJANY1 J ANY OF NEW ZEALAND, (Registered under the Joiut Stock Companies Acts), for FILE 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 shares. 2s. Ocl, per share, payable on application ; £s. 61. upon allotment ; and ss. per share at call, not leas than three mouths after registration. 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.0., Managing Director Northern Land and Loan Uompany. Jacob Joseph, Esq., Merchant. A. de B. Brandon, Esq., M.H.R., Local Director Australian Mutual Provident Society. E. W. Mills, Esqi, Merchant. The Hon. 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. BANKERS ;• ; The Bank of New Zealand. Secretary : : , Per organisation (and subsequently agent for Canterbury), Mr. Fbedk. E. A. Graham.

Copies of the Memorandum and Articles of' Association can be seen at the Office of the Company, and at any of the Branches of the Bank of New Zealand, where Norms of Application can be obtained, and deposits will be received.. . • . i ■' ”, The Directors each subscribed for £IOOO bash 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, are prepared to place.the available balance in fair proportions throughout the Colony with persons whose business or influence is calculated to bo valuable L 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 security, will commence .bush ness, the whole of the remaining 100,000 shares being reserved for allotment, in successive issues to actual insurers with the Company, under tile provisions of the Articles of Association, in proportion to the insurance premiums paid by 1 them.' ' The proportion of shares for issue, compared to the amount of pounds sterling of insurance premiums paid, will be declared from time to time at the discretion of the Directors, so ns 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 Life 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 Fire and Marine business. . The Directors are fully alive to the import- : auce of considering in the first allotment the great body of small insurers, and they. have also determined, notwithstanding any pressure, ■ upon maintaining the chief point of their proposal, viz., that they wild keep in hand the ■whole of the remaining 100,000 shares for Ifuture allotment to actual insurers upon the definite and equitable basis above stated, which places all ranks of insurers upon an: 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 insurers upon a mutual principle, and yet backed by large capital, security, and business. Tho Companies hitherto formed have been uniformly successful, and the rapid progress of the. Colony fully warrants the foundation of a 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. Tho applications for shares will be considered as received, and the Lists will be closed in each Province at the discretion of the Directors. The r.BanJc of >Neio'Zealand 'is; now prepared to receive applications.' l

Books, &c. L Y O-N & StA IE, Lambton-quay, Wellington. MONTHLY LIST OF NEW BOOKS AND NEW EDITIONS. ; l)r.- ScliUematm’s' Ancient Troy and its Remains ' Captain Burnaby's (author of Ride to Khiva), On Horseback through Asia Minor; 2 vola. MoOoan’s'Egypt as It la Lord Macaulay’s Life and Letters, by Trevelyan, cheaper edition; 2 vols. Thackeray’s Works, new Illustrated Edition (author’s own sketches) —: Vanity Fair, vols. 1 and 2 Pendennis, vol. 1 , Black’s Green Pastures and Piccadilly Diana, by-the author of Wide Wide World Waverley Novels, new Belfast edition, copious illustrations, crown Bvo, cloth Payn’s Fallen Fortunes, cheaper edition Tennyson’s Poems, 21m0., sewed, tone paper Theodore Hook’s Life, by editor of Ingoldsby Melbourne Review, No. 10 : Sir Gilbert Leigh, by Mr. Rees ; Curwen’a Laws of Now Zealand, brought down to January, 1878 Mons. Lecoy’s New Zealand State Forests Cherry Ripe, by author of Cornin’ thro’ the ' ’ Bye NEW SERIAL VOLUMES. Family Herald, y0b.39, All the Year Round, vol. 19 Lohdon Journal, vol. 68 Bow Bells, vol. 27 Chambers’, Journal, 1877. CHILDREN’S SERIAL ILLUSTRATED VOLUMES.:, , The surplus stock of these will be cleared put at London published prices, , including Children’s Friend, Infants’ Magazine, Peep Show, Litt'e Wideawake, Family, Friend. NEW CHEAP NOVELS. Murder Will Out ' ' Bound to tho Wheel, by Saunders Guy Waterman’s Maze, by Saunders Ceoile, by Hawley Smart Pretty Polly-Pemberton ' 1 , Leedle Yawcob Strauss, and other Poems Oakshott -Castle, by -Henry Kingsley ' Joan, by Rhoda. Broughton In this department will be found a large and well-selected stock, comprising the works of all the best known authors—Miss Braddon, Anthony Trollope, Charles Lever, White Melville, Joseph Hatton, Mrs. Riddell, Miss Grant, Lord Lytton, Wilkie Collins, “ Ouida,” &c., &0., &c. A full assortment of Popular and Standard Scientific Books, to which are added the principal new works in every branch, by moat eminent authors; ns published. HIGH CLASS (WORKS OF FICTION. George Eliot's Works, author of Adam Bede ( Miss MuldohV Works, author of John Halifax Mrs. Henry Wood's Works, author of,East Lynne ’ ■ ' • ; Rhoda Broughton’s Works, author of Cometh Up As a,Flower, Miss Ellen Mather's Works, author of Cornin’ Thro’' the Ryo Mrs. | Alexanders Works, author of Heritage of Langdale ; Mrs. ! Edwardes’ Works, author of Stephen ik Lawrence., • , A splendid assortment of Illustrated Boolts, suitable for presentation or prizes. '< i Children’s Toy Books, on Linen and Paper, Aunt; Mavor, Aunt Louisa, Walter Crane, Aunt Affable, &0,, &c. j LYON & BLAIR, . ; ■ 1 - Lambtou-quay.' ’