Page 4 Advertisements Column 6

New Zealand Times, Volume XXXIII, Issue 5341, 10 May 1878, Page 4

Hardware 2 do Eureka wringers 23 do lampware, comprising table lamps, brackets, pendants, hall lamps and chandeliers, lanterns, burners, &c., &c. 4 do electro-plated goods, comprising tea and oolfeo 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 oases L.H. and D.H. shovels 2 do hay forks, 2 and 3 prong E. W. MILL S. Agent for — R. Hornsby and Sons’ agricultural implements, portable engines, and threshing machines, &c. J. and F. Howard's do do do Disstou'a lightning tooth saws, &c. Krebs Bros.’ lithofraoteur 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 HE COLONIAL INSURANCE COMPANY OE 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. 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. Pharazyn, M.L.0., Chairman Local Board Australian Mutual Provident Society. Vice-Chairman ; The Hon. Randall Johnson, M.L.0., Managing Director Northern Land and Loan Company. Jacob Joseph, Esq., Merchant. A. db 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 : 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 Fire Insurance Company.) Bankers : The Bank oe New Zealand. Secretary : For organisation (and subsequently agent for Canterbury), Mr. Frbdk. 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 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 connection with the most successful Life Association Assurance existing, and, after long oon-i sideration, 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, i 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 arid general terms of business of the Com-; pany 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 Directors. ' j _ ■ The Batik of New Zealand is now prepared to receive applications for shat es. Business Notices HAB LE S P. POWLES ACCOUNTANT, LAND AND COMMISSION AGENT, Northern Land, Loan, and Building Co.’s Office, Hunter-street. L EDG E R & HI CIC SON, Sharebrokers, . And General Commission Agents, Custom House-quay. A GRANDE MARQUE. ■’Vy'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. We feel confident that we 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 rione of them can equal the “ Wellington” in all the varied combinations that constitute a perfect Sawing Machine. Every Machine is sold on its Merits and Fully Warranted to be as Represented. • We solicit the patronage of the public, and guarantee entire satisfaction to every purchaser. JOSEPH NATHAN & CO., Wellington, New Zealand. A GRANDE MAR QU E.