Page 3 Advertisements Column 5

New Zealand Times, Volume XXXIII, Issue 5346, 16 May 1878, Page 3

■“* T. BAILEY, Biopnevm. First-class accomodation for visitors. ■ W Hie Lest brands o£. Wines and Spirits kept in stock--irTinrT s° * E L » Ot' boycott* and Willis* The above hotel is now all families and boau ’,,„ 33 f a tniiy hoteL aud shower baths for ladles and ge NonTbut tUe best brands of wines and ■-its Bouloott-atrcet and '''WEB,

-»tresß. sp**Private Willis-street. ;■ M. 1-0. (Late of the Commereja. • Propr.M’ ETRO POL IT A N HOTEL. Molesworth-street. (Late Osgood’s.) The undersigned having taken the above Hotel, begs to inform his friends and the travelling public that the accommodation for travellers, families, &c., is not to be surpassed in Wellington; that he keeps none but the best brands of wines and spirits ; and he respectfully requests a continuance of the patronage eo long accorded to the house, J. J. BEATTY. • A messenger awaits the arrival of each steamer. o° MMER 0I A L HO TEL Willis-street. H. BENNETT, Proprietor. /T'iLARENDON HOTEL, THORNDON, - T. BOULD, Proprietor. A T lONA L HO TEE IjAUBTON-QUAY. H. J. WILLIAMS, Proprietor, -U----NI O N HOTEL. WINES AND SPIRITS OP THE BEST BRANDS. - One of Aloook’s superior billiard tables. W. H. SWAIN, Proprietor. TAFNBR’S TEMPERANCE HOTEL AND RESTAURANT, _ ' -CUBA-STEKET, WELLINGTON, NZ. . First-blass accommodation for Commercial Travellers, Private Families, and Boarders. Tourists and Wedding Parties can rely on receiving all the comforts of a home at this . Hotel. . Ordinary daily at X o’clock. ■ Luncheon- from .13 to 2 ; charge—ONE SHILLING. A conveyance from the Hotel attends all steamers and,trains.. Hot and Cold Baths at all hours. ' - C. TAFNER, Proprietor, Late Chief. Steward Government s.s. Stella, Prospectus HE COLONIAL INSURANCE COMPANY OP NEW ZEALAND, (Registered under the Joint Stock Companies Acts), for FIRE 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. 6d, per share, payable on application ; £s. 6d. upon allotment ; and ss. per share at call, not less than three months .after registration. , Chief Offices - - Wellington ,’ BOARD OF DIRECTORS. - Chairman : The Hon. O. J. Phabazyn, M.L.0., 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. ; ’ - 1 ’• - ' ; ■ 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 Firo 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 of New Zealand. Secretary: For organisation (and subsequently agent for Canterbury), Mr. Feedk; 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. ' - r>,: - 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 tbo 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 succes- , sive 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 Assuiance Association 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 tho 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 t That tho method of fixing the capital will attach a large amount of business, and that the Company wili have the sympathies of the public as a colonial institution, open to ail insurers upon a mutual principle, aud_ 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 iu proportion to the profits derivable therefrom. It is not anticipated that any further calls will be made. • : The opplications for shares will he considered as received, and the -Lists will be closed in each Province at the discretion of the Directors. The Bank of New Zealand is now prepared to receive applications for that cs. F OR SALE, a thorough-bred Poodle DOG. Apply, New Zealand Times Office. A GRANDE MARQUE