I Mercantile and Insnrance Companies. ! TJOYAL INSUBANCE COMPANY. SECURITY Should be the First Consideration in Insurance Transactions. The Directors of the Royal Insurance Company have the pleasure of supplying the following information to the public, as evidence of the ample security they afford to their assurers :— THE CAPITAL Of the Company, available for the purpose of meeting any unusual calamity happening to be Assured, is ,-„.,« TWO MILLIONS STERLING. The amount actually paid up is £288,495. This, with the Accumulated Funds in hand, makes the invested resources of the Company upwards of ONE MIXTION SIX HTTNDBED THOUSAND POUNDS, which amount is invested as follows .* — INVESTED FUNDS OF THE ROYAL | INSURANCE COMPANY, ', 30th June, 1869. |8, aJ2^..™...1.™«»«i ii s 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 5 9*°9° 17 7 First-class 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 j borrow the amounts 145,560 12 61 Bonds of the Mersey Docks and Harbor Board .* 62,34114 8 Bonds of the British and Irish j Magnetic Telegraph Co 10,000 0 0 Bonds of the Liverpool 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 £1,672,356 16 11 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* careftd 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 TT>oßt 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, 1864 £621,434 15 5 Added to 31st Dec, 1865 103,146 7 3 1886 124,165 7 5 1867 128,583 5 10 n 1868 144,945 12 2 Total Accumulation of the Life Department on 31st Dec, 1868, exclusive of Shareholders' Capital £1,122,275 8 1 The Directors also think ifc desirable to state that the business of the Royal has never been 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 vice versa, 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. THE LIVERPOOL AND LONDON AND GLOBE INSURANCE COMPANY. Fob Fteh Life, and Annuities. Invested Funds £3,200,000. The undersigned continues to issue Policies foT Fire and life Insurance. Prospectuses and every information can be ob tamed from j THOMAS BRODRICK, Agent for Southland NEW ZEALAND INSURANCE COMPANY FOR FIRE, MARINE, AND GENERAL INSURANCE. Capitai, £250,000. With Unlimited Liability of the Shareholders. Policies are issued and claims settled m Inver- - cargill, without reference elsewhere. Agents for Southland : wtt.t.tam EUSSELL, Soucitob, INVERCARGILL Office : — Don-street, opposite Prince of Wales Hotel; PETER GRANT, RIVERTON ,- SAMUEL NICHOL, BLUFF HARBOR.
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https://paperspast.natlib.govt.nz/newspapers/ST18700121.2.2.2
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Southland Times, Issue 1198, 21 January 1870, Page 1
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684Page 1 Advertisements Column 2 Southland Times, Issue 1198, 21 January 1870, Page 1
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