Page 8 Advertisements Column 5

Otago Daily Times, Issue 318, 26 December 1862, Page 8

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EIRE INSURANCjES effeeted;aE the current rates., aTßlTffoWals made •withjmitf any reference,,ordelav whatever, --^>Mi ;«^-i premiu&iw"'^-y^* .'X^^'P ftV--E!*P ijii'i V7o^^ 11'^!1^ 1' .] Snpei^tpndent;fia/AiisfcraKa, |^ ::-t'^°^9';^ -:■ ■■■•■■. /^^SSSOT^ftX^EW/^lft^^ 1 — I j'^^wswW} 11-'l^ AUSTRALASIAN INSU&A&eM(GOMPAN V .fiRBE UNDERSlGNED.3baid!agvfeediL appointed 'Hi™ Agents for the Ports of Otago, are prepared to take-maritime risks Cftj^^i6Br?ktfaitor*Bi!BL from the British Colonies and Great Britain. ■OfiTGoiD byifißfcH^ase' &leAJae>'»QA IT .gaSHC Melbourne and Sydney — - ■ » f 1a _ oo i. &n @oto by A£/m^Ufo;uSttar :;^lW;& 'Mr.Britain ——- \\ '" f Git^Wqoitrbj{>sfirsfel «l^«;.ryeßsel : ■*o'sfu? J?fil $$? r v?;nW'i" wjfiuiii'i1 >o^>Wooj[ l iCby^4V^esse^ito r^r.eat; .(.SSKa. _ Britain .irjj;.&i %•>'. ho rMmt'2 -in. ■~~ ; W. &G. '^Jftippiißi&'GO:, 1862. -3.j %'iui-*'- ■ •THiLl¥fgs;o^£. $W LONDON FIRE AND Ll^fi^SU.itiLN^E COMPANY. v>-v EmpowvrM'by Acts of Parliament. **■ \ f\ Established in 1836. • a Colonial, Proprietary, and the following l" Board of Directors in 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. 1 I 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 Surplusßund £215,000, with un- . limited liability qi the Shareholders. mHE UNDERSIGNED has been appointed X Agent for Otago and Southland and is authorised to receive applications for insurance in both the Fire arid Life Departments, which: will be dealt.with by the Directors in Sydney, upon terms as liberal as those of any other office. - '■-•-,• , Medical Referee—HEiTßY Nelson, M. D.Ali Claims are settled in the Colony. Tables of Rates for Fire and Life Insurance in all its Branches, and every information, can be obtained from GEO. S. BRODRICK, 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~ 5 P E (3 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 increas* the Capital. A Preliminary Deposit of 10s. per share, payable to the credit of the Company's account with tW 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 oi £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. Cutfcen, Esq., Chief Commissioner o! Crown Lands. Thomas Dick, Esq., Provincial Secretary. E. B. Carjrill, Esq.," Merchant. P. J. Alderson, Esq., Merchant. W. H. Reynolds, Esq., Merchant. James Paterson, Esq., Merchant.' James Jones, Esq., 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'Combe, Esq. Bankers: . Bank of New Zealand. An ample supply of pure water for th* use of the inhabitants of 3)unedin is daily becoming a mattoi of urgent necessity; and as the increasing prosperity of the Otagogoid fields justifiesl the anticipation of a large* and rapid increase in the population of the town, this necessity assumea 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 unworthyof support, and it is with a view to the fulfilment of this object that they have decided upon availing themselves of Jhe best of several sources ot' supply which are practically inexhaustible, and in which no engineering difficulties present themselves. In oi'der to secure the advantages of the advice and suggestions of the most practical and experienced engineers and scientific men in the Province, the promoters have determined to offer a suitable premium for the best devised scheme for supplying the town and suburbs with a never-fai ing and power-, ful supply of pure and wholesome water. Contractors of known ability arid experience are prepared to undertake and proceed with the works as soon as practicable. . . It is proposed that the capital shall be £30,000 in 6,000 snares of £5 each, with power to in rease the capital. A preliminary deposit <*f 10s per share.to be paid to the credit of the Company's account with the Bank of New Zealand, upon application for shans; a farther payment of 10s per share on allotment; and the subsequent calls to be made at the rate, of £1 per share, and 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 first general meeting of the shareholders in terras of said: Act. ■.; The qualification for voting at such first general meeting shall be the payment of £1 per shareV and shareholders holding twenty-five shares shall be eligible to serve on the Board of Din-cors. The promoters considering that the working clashes and small householders are peculiarly interested !n, and-will receive great and lasting benefit .from this project, anticipate that every such inhabitant of the Town will cor^sider it his duty to at once enrol himself as a shareholder in the OompHny. . _.. ... As a medium for 'tlie investment of Capital, no reasonable doubt can be entertained of the success or remunerative character of the scheme. In England, in' Scotland, and in the adj .cent colonies, similar under aking's have droved most profitable to the shareholders; jind in a sanatory and pecuniary point of vir.w the advantages which the inhabitants of.Dunedin will derive from a superabundant 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 ia certain circumstances be effected, and at a ruinous rate, it will benefit the uwners of property by ,-a. reduction of .present rates of premium from 003 and 55s '-per cent to about 10s and 5s per cent. la conEequence of a; similar undertaking' haying; been ."introduced into Me - bourne, an extensive fire there is now! abnost an in possibility, while during the period thut Melbourne -fas without its present ample supply of water, the IoSsS of property by fire amounted to a much larger sum than would baveeonstrucre/1 several water-works of immense'magnitude, and if immediate steps'arenot tiken to prevent .«>uch a ca'amity as an fire in this thickly populated town, it xaay' devastate more piopeity ia one uiifht than the ewtjre capital of tho Coint,aiiy now }.l)ou«; to \*~ estabii&hetl. . In these re-pects it ia impo&sib c to estimate the value of the works which it is designed to.cons-truct here °, but' apart, therefrom, and on sanatory and economical considerations, it is briieved that an ample uupply of pure water permeating the town is,of sufficient urtrency and importance to induce the Government and tae public most heartily to support this undertakinflr. /' - • \-' " Application for-' Shares will be received %t a ftture date, of which, due votict will %% girea, " (