Prospectus The colonial insurance company OE NEW ZEALAND, (Registered under the Joint Stock Companies Acts), for EIRE AND MARINE INSURANCE. Capital Two Millions Steeling. In 200,000 Shaves of .£lO each.: Ten Shillings per Shave payable thereon, making £IOO,OOO Cash Capital. First issue, 100,000 shaves. 2s. 6d, per shave, payable on application ; 2s. (Id, upon allotment ; and 55., par share at call, not 'less , than three months after registration. Chief Offices - - Wellington BOARD OF DIRECTORS. Chairman ; The Hon. C. 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.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 & Son, Wellington. General Manager : George Samdel Graham, Esq. (Now Inspector for the Norwich Union Fire Insurance Society, and formerly Agent for the Swiss Lloyd Marine Insurance Company, and General Agent for the Batavia Sea and Fire Insurance Company.) Bankers : The Bank op New Zealand. Secretary : , For organisation (and subsequently agent for Canterbury), Mr. Fredk. 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 Forms of Application can be 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. 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 capital, with thorough security, will commence business, the whole of the remaioing 100,000 shares being reserved for allotment in successive issues to actual insurers with the Company, under the proidsious of the Articles' of Association, in proportion to the insurance premiums paid by them. The. proportion of shares for issue, compared to the amount' ofpounds 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 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 importance 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 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 lime 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 Direc-' tors. ■ The Bank of New Zealand, is now prepared to receive applications for shat es. ,
KCusiJ f'i EO. R KICK ABD T’S Vfl" Pianoforte and Mdsio Warphocse. s PIANOS PROM THE PACXORIES OP—v KIBKMAN AND SON ' BRIN3MEAD AND SON KAPS HOELLING AND SPANGENBERG ' rolopp•• - : ; v'.-''- ! And other' Celebrated Maker it prices varying from Fifty to Eighty Guineas, sold for Cash at only 10 per cent, above London Prices, or on the Deferred-Payment System at a small advance on the above quotations, A Large Assortment of 1 VOCAL AND INSTRUMENTAL MUSIC i To hand ex Rialto and Margaret Galbraith; CHAPPELL’S & BOOSE'S’S' MUSICAL > CABINET, i ■ PRICE-ONE SHILLING. ; All Sheet Music at Half Price. NOV E L T I E S. N 0 V E L TIE S. GEO. REICHARDT’S PIANOFORTE & MUSIC WAREHOUSE ’ Lambton-quat, ■■; i Adjoining Mr. James’s. Furniture Warehouse medical COD LIVER OIL , EMULSION (tasteless), easily given to children, Tolutiiie, Balsamic Cough Syrup , j Brown’s Herbal Medicines . ' Hooke’s Elixer and Salve Seltzogenes Ear Trumpets Cooper’s Sheep Dip Thorley’s Cattle Pood. A large variety of NOVELTIES IN FANCY GOODS, Per City of Madras and Queen of the West, Artists’Colors and Materials, at B A R RA U D & - S O N’S, ; Lambton-quay. D , 0 TRIED, and TED E . Australians are getting acquainted—andjthose who are riot ought to be—with the wonderful puerits of that great American Remedy, the . ‘ * MEXICAN MUSTANG LINIMENT Fob Man and Beast. This liniment very naturally originated In America, where nature provide:; in her laboratory such surprising antidotes for the maladies of her children; Its fame has been spreading for 85 years, until it now encircles the habitable globe. ; The Mexican Mustang Liniment Is a matchless remedy for all external ailments of mail and beast. ! To stockowners and farmers it is invaluable. ■' A single bottle often saves a human life, or restores the usefulness of an excellent horse, ox, cow, or sheep. It cures foot-rot, hoof-ail, hollow bom, grub, screwworm, shoulder-rot, mange, the bites and stings of poisonous reptiles and insects, and every such towback to stock breeding and bush life. . . It cures every external trouble of horses, such as lameness, scratches, swinny, sprains, founder, wind gall, ring bone, &0., &o. ! ' . The Mexican Mustang Liniment is the quickest curb in the world for accidents occurring In-the family, in the absence of a physician, such as burns, scalds, sprains, cuts, &c., and for rheumatism and-stiffness engendered by .exposure. Particularly valuabo’ to miners, p ; ... - , ~ > : It is the cheapest remedy in the world, for it penetrates the muscle to the bone, and a single application is generally sufficient to euro. Mexican Mustang Liniment is put up in three sites of bottles, the larger ones being proportionately much-the cheapest. Sold by Kempthorno, Prosser, and Co., wholesale Druggists and Importers, Dunedin and Christchurch, . , At Welinoion— FELTON, GRIM WADE, & CO. ONE BOX OF CLARKE'S B 41 PILLS Is. warranted to cure all discharges from the Urinary Organs in cither sex, acquired or constitutional, Gravel and Pains in the Back. Sold in Boxes, Is. Od. each, by all Chemists and Patent Medicine Vendors. Sole Proprietor: F. J. CLARKE. [ECARIKS' HALL. UINOOT.V. » APOTHECARIES' HALL, LINCOLN, ENGLAND) ' EEUPTHORNb“ PROSSER & CO., ! Dcszdin and Auckland. - <
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New Zealand Times, Volume XXXIII, Issue 5339, 8 May 1878, Page 4
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1,243Page 4 Advertisements Column 7 New Zealand Times, Volume XXXIII, Issue 5339, 8 May 1878, Page 4
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