Mercantile and Insurance Companies. T3OYAL INSURANCE COMPANY. LV SECURITY Should be the First Consideration in Insurance Transactions. The Directors of the Royal Insurance Com- i pany have the pleasure of supplying the follow- 1 in« information to the public, as evidence of the ample security they afford to their assurers :— i * ■ ■ * THE CAPITAL Of the Company, available for the purpose of meeting any unusual calamity happening to be Assured, is j TWO MILLIONS STERLING. J Th c amount actually paid up is £288,495. This, with the Accumulated Funds in hand, makes the | invested resources of the Company upwards of ONE MILLION SEE HUNDRED THOUSAND POUNDS, which amount is. invested as follows : — | INVESTED FUNDS OF THE ROYAL INSURANCE COMPANY, < 80th June, 1869. Real property owned ty the Company.... • £219,571 11 3 Mortgages on Freehold Property 33,500 0 0 £30,000 Reduced 3 per cent: Consols 28,085 1 3 India Government 5 per cent. Debentures. 100,000 0 0 English Railway Debenture Bonds .. ...» 59,090 17 7 Firstclasß English Railway Preference and Guaranteed Stocks : 335,476 11 11 Loans to , Local . Authorities of various towns in Great Britain, who have obtained the sanction of the Secretary of State, to . borrow the amounts 145»»60 12. 6 Bonds.of the Mersey Docks, and Harbor Board;.-...... 62,34114 8 Bonds of the British and Irish Magnetic Telegraph Co 10,000 0,0 Bonds of th& Liverpool f Corporation .:................ 5,160 0 0 United States Government Stocks 101,330 7 10 Canada Bonds and Canada Dominion Stock..... ....:....' 31,106 11 6 Short Loans on first-class English Dividend-paying Stocks with margins from 20- to 50 per cent on market values...... 477,195 0 0 Loans on Security of life Policies 63,938 8 5 £1,672,3561611 The Above is a complete list of the Investments of the Company at the date specified, in addition ' to which the funds are still further increased by amounts ( constantly varying at different periods in the hands of the Bankers and the Company's Agents. At 31st December, 1868, these stoodat £168,089 2 0 For the satisfaction of the public, the. whole of the securities belonging to the Company are annually, submitted to the careful scrutiny, of two independent Auditors, and the following is an Extract from their Report to the last Annual Meeting:— " The whole of your Books have been = audited — every Document^ every Account, every Voucher, your Bankbook, and every Security — all have been most carefully kept, and there is not one doubtful security in the whole." THE ACCUMULATIONS OF THE LIFE} : DEPARTMENT, After payment of Losses, Annuities, and Expenses of every description, have been as , follows:— Funds in hand at, the last Quinquennial Valuation, 31st Dec., 18641 ....£621,434 15 ; S Added to Slet Dec, 1865... ...103,146 7 3 „ 1866 124,165 7i 6 T, 1867 WB3 5 10 h 1868... ... #4,945 12 2 Total Accumulation of the Life Department on 81st Dec, 1868, exclusive of Shareholders' Capital £1,122,275 8 1 The Directors also think it desirable to state that the business of the Royal has never >een amalgamated with that of any other Company, and that the Liability of its Shareholders is unlimited. The bonuses added to Life Policies in this Company, under their participation .tables have averaged TWO PER CENT. PER ANNUM on the amount insured. licenses for the voyage between Europe and these Colonies, and vkeversa, are now granted, by this Company free of charge to the assured. FIRE INSURANCES AT LOWEST CURRENT RATES. Claims are settled promptly in the Colony, without reference to England. For details of information on all points, see the Company's Almanac, to be had of the agents. HENDERSON, LAW & CO., Dunedin* Or J. STOCK & CO., Invercargill. mHE , LIVERPOOL AND LONDON AND, -*■ GLOBE INSURANCE COMPANY. Fob Fish Life, and Annuities. Invested Fundß £3,200,000. The undersigned continues to issue Policies for Fire and Life Insurance. Prospectuses and every information can be ob tainedfroiD THOMAS. BRODRICS; Agent for Southland VTEW ZEALAND INSURANCE COMPANY FOR FIRE, MARINE, AND GENERAL INSURANCE. Capitai, £250,000. With Unlimited Liability of the Shareholders-.: Policies are issued and claims settled in Invercargill, without reference elsewhere. Agents for Southland : WILLIAM RUSSELL, Solicitor, INVERCARGILL Office : — Don-street, opposite Prince of Wales Hotel; PETER GRANT, KEVERTON ; SAMUEL NICHOL, BLUFF: HARBOR.
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Southland Times, Issue 1197, 18 January 1870, Page 1
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688Page 1 Advertisements Column 2 Southland Times, Issue 1197, 18 January 1870, Page 1
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