Page 3 Advertisements Column 1

New Zealand Times, Volume XXXIII, Issue 5348, 18 May 1878, Page 3

■Prospectus The colonial insurance 'com- ! PANY OP NEW ZEALAND, j '(Registered under-the Joint Stock Companies ■ . Acts), £ol’: ' PIKE AND MARINE INSURANCE. Capital Two Millions Sterling. In 200,000 Shares of : £lO each. Ten Shillings per Share; payable thereon, making £IOO,OOO Gash Capital. First issue, 100,000 shares. 2s. Gd, per share, payable on" application ; 2s. 6d. upon allot'l meat; and ss. per share at call, J not less than three months after registration. Chief Offices ■■■• - Wellington BOARD OF DIRECTORS, Chairman : -- ■The Hon. 0.-J. Pharazyn,’M.L.O., Chairman Local Board Australian Mutual Provident ;r Society. ’ ; I :* Vice-Chairman : The Hon. Randall Johnson, M.L.C., Managing Director Northern Land and Loan ■ Company. • i Jacob Joseph, Esq., Merchant. A. M B. BnANDpN, Esq.,- M.H.R., Local Director Australian Mutual Provident Society.; . ' , 1 ■E. W. Mills, Esq., ijlerchaut. "■ : The Hoh. M. S. GrAce, M;L.O., Local Director Australian Mutual Provident • Society. ■ 1 Walter J. Nathan, Esq., Merchant. •• Solicitors; ■ ; Messrs. Brandon &. Son, 'Wellington. | . ■ i General Manager ; George Samdbl Graham, Esq., j (Now Inspector for the Norwich Union Fire Insurance Society, and formerly Agent for the Swiss Lloyd Diaries Insurance Company, and General Agent for the Batavia Sea and Fire Insurance Company.)' ... - Bankers: ■ . The B.vnk of Kew Zealand. ; —- ' ; 1 Secretary s • > For organisation .(and subsequently agent Tor ■' l --' Canterbury), * !" - . . Mr. Fredk. E. A. Graham. ;■ | '' s 1 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* lie 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 i organisation as a thoroughly Colonial institution, with headquarters in Wellington. • One-half only: of: the; shares will.be imme- ; diately - issued, and the, ’ Directors, having ’ • already, 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' wholeof ’the remaining; 100,000 Shares: being reserved for allotment in suoces- • siveiissues to actual insurers with the Company, under the provisions of the Articles of Association, ; in . proportion ;; to the - insurance premiums; paid by, them. 1 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 ryith the most successful Life Assurance Association existing, and, after long consideration, the; Board, jare satisfied,;that the present proposal comprehends; the most practical embodiment, of that principle applicable 'to Fire and Marin e business. ~ i . The Directors are fully alive to the importance of censidering 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. Tho 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 ios. a colonial institution,; open to all insurers; upon a; mutual principle,: aud yet backed by large capital, security, and business. Tho Companies hitherto formed have beeii 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 bo similar to whatever may bo current from time to time, as the insured will be enabled to participate as nearly as possible hi proportion to the profits derivable therefrom. ' It is not i anticipated that any further calls will be made.: ,j - - 1 The applications for shares will bo considered as received, aud the Lists will be closed in each Province at the discretion of the Directors, ... mi -■ -■■ .; ■ i.mi-i- ; The Bank of New Zealand is -now-pre-pared to receive applications for shares.

Public Notices W ELLINGTON, ATHENAEUM. ‘MEMBERS in arrears are requested to pay their subscription before the 30tb INST., as no member in arrears will be allowed to vote, in accordance frith Rule 14. ■ H. E. LOGAN, : Hon. Sec. ) £25 R E W A R D. PUBLIC NOTICE. ';, . : . Certain maliciously-disposed persons ; having destroyed, defaced, and, stolen saleboards, flags, and banners placed upon lauds in pur hands for sale and lease, this is to give notice that a REWARD of £25 will be paid for information that wi'l lead to the conviction of any person or persons so offending. , . T. KENNEDY MACDONALD, & CO,, Land . Agents and Land - ’ Exchange Land Offices, : ■ Wellington, 7th May,.1873. . ■ ; ; CAUTION.— SPORTSMEN are warned AGAINST SHOOTING any imported birds (Californian quail are under the above designation). Native quail and tuis are also protected by an Act of the General Assembly, which makes any person shooting either of those birds, liable .to a .heavy, fine. . ; Information to' be given to W, ,T. L". Travel’s, Esq., or to any member of the Wellington Acclimatisation Society.., ; i r : A - PPEAL TO HOUSEWIVES.—Ask • r\ ■ your husband to bring home from the Arcade a : quarter of Mutton,' price 2s. for the lot, at the Meat Market Company, Arcade. Conveyances Hast well, macara, & co.’s . NEW TIME TABLE JfU« COBB & CO.’S MAIL COACHES. On and ai'teb.Eeb. i, 1878. | PLAN OE THE CITY OE WELLINGTON. 1 Eor Sale at the Office of this Paper, the moat complete PLAN of the City of Wellington.yet published, compiled by, Mr. 0* O’Neill,, and architect. Every section of land is num-. bered, and the distance to eaoh locality, from the Post Office .is :marked, in quarter-mile circles. . Several useful items of information are given, viz,, area of. the city, plantation, recreation, quarry,,,, and,, railway .reserves, building regulation districts, list .of mayors for tbe past eight years, proposed reclamation at To Aro, lino of. tramway.through tho city, Ac. Only a fow copies how remain on band. Price, On* Shilling.,