Page 4 Advertisements Column 6

New Zealand Times, Volume XXXIII, Issue 5335, 3 May 1878, Page 4

Prospectus The colonial insurance.company OE NEW ZEALAND, [Registered under tlie Joint Stock Companies EIRE 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. 6J, per share, ■ payable on application ; £s. 6d. upon allot- : ment; and ss. per share at call, not less : than three months after registration. - Chief Offices - - Wellington BOARD OE DIRECTORS. Chairman : The Hon. O. J. Pharazyn, M.L.0., Chairman Local Board Australian Mutual Provident Society. Yioe-Chaibman ; The Hon. Randall Johnson, M.L.C., Man- : aging 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.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 on New Zealand. Secretary : For organisation (and subsequently agent for Canterbury), Mr. Eredk. 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 Berms of Application can he obtained, and deposits will be received. . The Directors each subscribed for £IOOO cash (being part of the ordinary capital), prior to the formation of the Company, and have: undertaken its organisation as a thoroughly Colonial institution, with headquarters in Wellington. . i 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 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 capita], with thorough security, 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 amount of 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. 1 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 Directorsare fully alive to the importance of considering in the first allotment the great body of small insurer's, and they have also determined, 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 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. The 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 be 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 Directors. • _ The Banh of New Zealand is now prepared to receive applications for shares.

Books, &c. Lyon & bla ib, Lambton-quay, Wellington. MONTHLY LIST OF NEW BOOKS AND NEW EDITIONS. Dr, Schliema *i’s Ancient Troy and its Ee- . . mains ■ Captain Burnaby’s (author of Bide to Khiva), On Horseback through Asia Minor; 2 vols. McOoan’s Egypt as It Is 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. X 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, 24m0., sewed, tone paper Theodore Hook’s Life, by editor of Ingoldsby Melbourne Eeview, No. 10 Sir Gilbert Leigh, by Mr. Bees Curwsn’s Laws of New 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, vol. 39 All the Year Bound, vol. 19 Loudon Journal, vol. CO Bow Bells, vol. 27 Chambers’ Journal, 1877. CHILDREN’S SERIAL ILLUSTRATED ; VOLUMES. The surplus stock of these will be cleared out at London published prices, including Children’s Friend, Infants’ Magazine, Poop Show, Little Wideawake, Family Friend.

; NEW CHEAP NOVELS. Murder Will Out Bound to the Wheel, by Saunders Guy Waterman’s Maze, by Saunders Ceoile, by Hawley. Smart Pretty Polly Pemberton Leedle Yawcob Straus’s, and other Poems Oakshott Castle, by Henry Kingsley Joan, by Ehoda 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. Kiddell, Miss Grant, Lord Lytton, Wilkie Collins, “ Ouida,” &0., &c., &o. A full assortment of Popular and Standard Scientific Books, to which are added the principal new works in every branch, by most eminent authors, as published.

' HIGH CLASS WORKS OF FICTION. . George Eliot’s Works, author of Adam Bede Miss Mulooh’s Works, author of John Halifax Mrs.; Henry Wood’s . Works, author of jEast Lynne ■ ; . , , , r.; 1 Bhoda Broughton’s Works, author of Cometh ■ Up As a Flower. Miss Ellen Mather’s Works, author of Cornin’ Thro’ the Eye. Mrs. Alexander’s Works, author of Heritage of Langdale ■ Mrs. Edwardes’ Works, author of Stephen Lawrence. A splendid assortment of, Illustrated Books, suitable for presentation or prizes. Children’s Toy Books, on Linen and Paper, Aunt Mayor, Aunt Louisa, Walter Crane, Aunt ASable, &c., &c. , LYON & BLAIR, . Lamb ton-quay.