Page 1 Advertisements Column 2

Southland Times, Issue 1202, 28 January 1870, Page 1

Mercantile and Insurance Companies. T3OYAL INSTJBANCE COMPANY. £v 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. 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 ONBMHIION SIX HtTNDBED THOUSAND POUNDS, which amount is invested as follows : — INVESTED FUNDS OF THE ROYAL INSURANCE COMPANY, 30th June, 186$. Real property owned by .the Company..:. : £219,571 11 3Mortgages 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 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 borrow the amounts 145,560 12 6 Bonds of the Mersey Dockß and Harbor Board 62,34114 8 Bonds of the British and Irish 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 En. gush 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 pf •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 Toucher, 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., 1864 £621,434 15 5 Added to 31st Dec., 1865 103,146 7 3 1866 124,165 7 5 1867 128,583 510 „ 1868 144,945 12 2 Total Accumulation of the Life Department on 31siDec., 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 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. rpHE LIVERPOOL AND LONDON. AND -■■ GLOBE INSURANCE COMPANY. Fob Fieb Life, and Annuities. Invested Funds £3,200,000. The undersigned continues to issue Policies for Fire and Life Insurance. Prospectupes and every information can be ob tainedfrom THOMAS BRODRICK, Agent for Southland VTEW ZEALAND INSURANCE COMPANY FOR FIRE, MARINE, AND GENERAL INSURANCE. Capital, £250,000. With Unlimited Liability of the Shareholders, Policies are issued and claims settled in Invercargill, without reference elsewhere. Agents for Southland : WILLIAM RUSSELL, Souoitob, INVERCARGILL # Office : — Don-street, opposite Prince of Wales Hotel; PETER GRANT, RTVERTON ; SAMUEL NICHOL, BLUFF HARBOR.