Page 8 Advertisements Column 5

Otago Daily Times, Issue 310, 17 December 1862, Page 8

Public Companies. "\JORTHERN ASSURANCE COMPANY Capital—£l,2s9,76o. Invested Capital—£4o4,449 FTRE INSURANCES effected at the current rates, and proposals made to the Agents will be concluded i without any reference or delay whatever. I LIFE INSURANCES effected at reduced rates ot: premium. .. . • ! Superintendent for Australia. JAMES RATTRAY, Melbourne. Agents for Otago, A. L. THOMSON and CO, Stafford-street, . Dnnedin. AUSTRALASIAN INSURANCE COMPANY MARINE BBANOn. mHE UNDERSIGNED having been appointed X Agents for the Ports of Otago, are prepared to take maritime risks Coastwise, and to and from the British Colonies and Great Britain. On Gold by first class steamer to^ Melbourne and Sydney I ... . On Gold by Al vessel to Great At lowest Britain I On Wool by first class vessel to f current rates Melbourne „ On Wool by Al vessel to Great ofPr ejnnm Britain . W. & G. TURNBULL k CO., July 11, 1862] PUB ' THE LIVERPOOL AND LONDON FIRE AND LIFE INSURANCE COMPANY. Empowered by Acts of Parliament. Established in 1836. Having a Colonial Proprietary, and the following Board of Directors hi Sydney :— J. S. Willis, Esq., Chairman. Hon. G. K. Holden, Esq., M.L.C. J. B Watt, Esq. M.L.C. Hon. E. D. Thomson, Esq., C.8., M.L.C. B. Buchanan, Esq. Edward Knox, Esq. Offices—Margaret-street, Wynward-square. Resident Secretary—A. Stanger Leathes. Capital subscribed exceeding £1,880,000 Accumulated Funds and Capital paid up exceeding 1,156,000 Of which £200,000 are invested in the Colonies, in Government and other Securities. Reserve Surplus Fund £215,000, with unlimited liability ot the Shareholders. mHE UNDERSIGNED has been appointed JL Agent for Otago and Southland and is authorised to receive applications for Insurance in both the Fire and Life Departments, which will be dealt with by the Directors in Sydney, upon terms as liberal as those of any other office. V Medical Referee—Heiiky Nelson, M.D. All Claims are settled hi the Colony. "^Tables of Rates for Fire and Life Insurance in all its Branches, and every information, can be obtained from GEO. S. BRODRTOK, 1, Mercer's Buildings, Princes-street. Agent for the Company. N.B.—Applications from Southland will be received through Messrs, T. J. White and Co., Invercargill, and Messrs. Surman and Crerar, Riverton, from whom Forms of Application and Tables of Rates can be obtained. T> R O S P E C T U S~. THE DUNEDIN WATER WORKS COMPANY. Limited Liability. To be Incorporated under the " Joint Stock Company's Act." Capital £30,000, In 6,000 Shares of £5 each, with power to increase the Capital. A Preliminary Deposit of 103. per share, payable to the credit of the Company's account with tt'e. Bank of New Zealand, upon application for shares. A farther payment of 10s. per share, payable on allotment, And all subsequent calls to be made at the rate of £1 per share, at intervals of at least two months. Provisional Directors : John Hyde Harris, Esq., Deputy-Superintendent. A. Chetham Strode, Esq., Resident Magistrate. W. H. Cutten, Esq., Chief Commissioner of Crown Lands. Thomas Dick, Esq., Provincial Secretary. E. B. Cargill, Esq., Merchant. F. J, Alderson, Esq., Merchant. W. H. Reynolds, Esq., Merchant. James Paterson, Esq., Merchant. James Jones, E«q., Merchant. John Cargill, Esq., Merchant Henry Driver, Esq., Merchant. (With power to add to their number.) Consulting- Engineer: J. T. Thompson, Esq., Chief Surveyor. Solicitor: J. A. J. MacGregor, Esq. Secretary : A. G. M'C»mbe, Esq. Bankers: Bank of New Zealand. An ample supply of pure water for th^ use of the inhabitants of Dunedin is daily'becoming a matter of urgent necessity; and as the increasing prosperity of the Otago gold fields justifies the anticipation of a large and rapid increase iv the population of the town, this necessity assumes an importance which cannot be exaggerated. The streams of water which ran through the town, and which were once sufficient and suitable for all requirements, are now no longer capable of affording, nor is it desirable to rely upon those sources for, a supply of this essential element of health and cleanliness. Any undertaking which shall not provide largely for the present and future wants of this rising city will, in the opinion of-the promoters of this company be unworthy of support, and it is with a view to the fulfilment of this object that they have decided upon availing themselves of the best of several sources of supply which are practically inexhaustible, and in which no engineering difficulties present themselves. In order to secure the advantsiges of the advice and suggestions of the most practical and experienced engineers and scientific men in the Province, the pjomoters have determined to oiTer a suitr.ble premium for the best devised scheme for supplying the town and suburbs with a never-failing and powerful supply of pure and wholesome wa.er. Contractors of known ability and experience are prepared to undertake and proceed with the works as sotn as practicable. It is proposed that the capital shall be £30,000 in 6,000 shares of £5 each, with power to increase the capital. A preliminary depos:t of 10s per share to be ' paid to the credit of the Company's account with tiie Bank of New Zealand, upon application for si) ms; a farther payment oi 10s per share on allotment ; and the subsequent calls to be made at the rut*'of £1 per share, aud at intervals of not less than two months. The Company will be incorporated under the " Joint Stock Companies Act," and be conducted by a Board of Directors to be elected at the fiist general meeting of the shareholders in terms of said Act. The qualification for voting at such first general meeting shall be the payment of £1 per share, and shareluiiders holding twenty-five shares shall be cli- ■ I gible to serve on the Board of Din ctors. j I The promoters considering that the working classes 1 ! and smsdl householders are peculiarly interested 1117 "\ 1 and will receive great and-lasting'benefit' from this , project, anticipate that every such inhabitant of the • Town will consider it his duty to at once enrol him- ' J self as a shareholder in the Compaay. •■ . ' ( As a medium for the investment of Capital, no reasonable doubt can be entertained of the success or remunerative character of the echeme. In England, in Scotland, and in the adj scent colonies, similar undertakings have croved most profitable to the shareholders, and in a sanatory and pecuniary point of visw the advantages which the inhabitants of Dunedin will , derive from a superabundnnt supply of pure water , cannot be estimated tiil actually within the reach of ; every individual ■ '< In the single item of Insurance which now , can only in certain circumstances be effected, and at a ruinous rate, it will benefit the owners , of property by a reduction of present rates £ of premium from 90s and 55s per cent to about . 10s and 5s per cent. In consequence of a simi- ( lar undertaking having been inroduced into Me - t bourne, an extensive fire there is now almost an in possibility, while during the period that. Melbourne was without its present ample supply of water, the loss of property by fire amounted to a much larger sum than would have constructed several water-works -J of ianaaense magnitude, and if immediate steps are not taken to prevent such a calamity m\ an extensive lire • in this tfiiekly populated town, it may devastate more property in one uight than the entire capital of ® the Company now about to be established. • ° In these respects it is impossible to estimate the t value of the works which it is designed to construct fc here; but apart therefrom, and on sanatory and eco- Q nomical considerations, it is believed that an ample ' supply of pure water permeating the town is of suffi- l dent urgency and importance to induce the Govern- 8 ment and the public most heartily to support this ■ undertaking. Application for Shares will be received at a future I date, of whjgtu 4«e notice will b« ghren.