Hardware 2do Eureka wringers _ 23 do iampware, comprising table lamps, brackets, pendants, hall lamps and chandeliers, lanterns, burners, &c., &c. 4 do electro-plated goods, comprising tea and coffee sets, cruet frames, table forks and spoons, knife rests, butter coolers, goblets, soup tureens, pickle frames, dish covers, waiters, water jugs, napkin rings 100 ash oars, 8 to 21 feet 3 crates churns 4 cases L.H. and I).XI. shovels 2 do hay forks, 2 and 3 prong , 'B. W. MILLS, Agent for— R. Hornsby and Sons’ agricultural implements, portable engines, and threshing machines, &o. J. and E. Howard’s do do do Diastou’s lightning tooth saws, &o. Krebs Bros.’ lithofracteur for blasting Eairbank and Co.’s Union scales, machines, and weighbridges MILNER'S FIREPROOF SAFES AND STRONG-ROOM DOORS, WHEELER & WILSON’S SEWING MACHINES. All classes of Machinery imported to order or manufactured. Agent for Walter A. Woods’ world-renowned • REAPERS AND BINDERS. Prospectus The colonial insurance company OF NEW ZEALAND, (Registered under the Joint Stock Companies FIRE AND MARINE INSURANCE. Capital ... .... Two Millions Steeling. In 200,000 Shares of £lO each. Ten Shillings per Share payable thereon, making £IOO,OOO Cash Capital. 1 First issue, 100,000 shares. 2s. 6d, per share, payable on application ; 2s. 6d. upon allotment ; and ss. per share at call, not less than three mouths after registration. Chief Offices - - Wellington BOARD OF DIRECTORS. Chairman :■ The Hon. O. J. Phauazyn, M.L.C., Chairman Local Board Australian Mutual Provident Society. . ■ Vice-Chairman : 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.0., Local Director Australian Mutual Provident , Society. Walter J. Nathan, Esq., Merchant. . Solicitous,: Messrs. Brandon & Son, Wellington. . General Manager:., : George Samuel 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 i’lro Insurance Company.) „. ; Bankers CJ.-uuh’ ■. Tin: 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.; ■ d ;V : The Directors each subscribed for £IOOO cash (being part of the- .ordinary ' capital), prior to tho 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 he 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 Uolony 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 1 to offer the public the guarantee of ample cash capital, 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. ■ ■ Several of the directors have had experience of ; the great advantage of mutuality in con-' nection with the most successful Life Assooia-‘ tion 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 ceusidering 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 largo 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 bo made. ’ : , The applications for shares will be considered as received, and the Lists will be closed in each Prpyinoe at the discretion’ of the Directors. ' The Bank of New .Zealand is now prepared to receive applications for shares. Business Notices HAR LE S P. P, OWL E S ACCOUNTANT, LAND AND COMMIS- - SION AGENT, Northern Laud, Loan, and Building Co.’s Office, lICNTER-STREET. L E DOER ; & HIOK SO N, ; Sharebrokers, And General Commission Agents, Custom House-quay. L A GRAN D E MARQ UE. w ELLINGTON SEWING MACHINE, TO THE PUBLIC : After a most thorough examination of the working qualities of the . WELLINGTON SEWING MACHINE, We take great pleasure in offering it to the public as.just the Sewing Machine to meet the wants of the entire community. WP feel confident that wo are right in our selection of the “Wellington,” from the long array of Sewing Machines offered for sale, . whose names 'are legion,—many of them may have some special point of excellence, and some of them may sew as well, but we are assured that none of . them,, can equal the “Wellington" in all tho varied combinations that constitute a perfect Sewing Machine. Every Machine is sold on its Merits and : Folly Warranted to be as Bberesbntbd. Wo solicit the patronage of the public, and guarantee entire satisfaction to every > pur-, chaser. : JOSEPH NATHAN & CO., Wellington, New Zealand.’ A,GEANDE ' M AB Q U E,
Permanent link to this item
Hononga pūmau ki tēnei tūemi
https://paperspast.natlib.govt.nz/newspapers/NZTIM18780509.2.24.6
Bibliographic details
Ngā taipitopito pukapuka
New Zealand Times, Volume XXXIII, Issue 5340, 9 May 1878, Page 4
Word count
Tapeke kupu
1,078Page 4 Advertisements Column 6 New Zealand Times, Volume XXXIII, Issue 5340, 9 May 1878, Page 4
Using this item
Te whakamahi i tēnei tūemi
No known copyright (New Zealand)
To the best of the National Library of New Zealand’s knowledge, under New Zealand law, there is no copyright in this item in New Zealand.
You can copy this item, share it, and post it on a blog or website. It can be modified, remixed and built upon. It can be used commercially. If reproducing this item, it is helpful to include the source.
For further information please refer to the Copyright guide.