Page 7 Advertisements Column 3

Taranaki Daily News, 21 November 1922, Page 7

Barraclough’s Magic Nervine Stops Toothache. 1/6 everywhere.

Handsome Returns from Insurance Shares THE history of Insurance throughout the Empire is a clear indication of the high esteem in which Insurance Shares are held by investors. In New Zealand, the local Companies can point to a long period of successful trading, with excellent returns to shareholders. In the case of the South British Insurance Co., Ltd., with The “Sydney Bulletin” of 17th August last, in commenting a paid-up capital of £750,000, no less than £650,000 has on The N.Z. Insurance Co., Ltd., states that only ten years been supplied from reserve funds, leaving only £lOO,OOO of , .. . r. OAA AAA » shareholders’ money invested. This latter figure stood the a ®° the pald -“ p capltal wa3 £3O0 ’ 000 ’ and Company till 1912, when dividends were declared at the rate penny has since been called up, it has expanded to £750,000 of 37per annum. Bonuses were then commenced in the —transfers from reserves providing all the new scrip. So, way of capitalizing reserves, and last year 13% was paid on on the capital of 1910, the 13 J % dividend paid nowadays the increased capital, which really meant 79% to original Q return nf i-w shareholders. Those that joined the Company at its birth, g /0 ' and still hold their shares, are receiving more than three- other local Companies can show equally satisfactory quarters of their full capital back every year. , , „ .. . _ ~ . „ . . , .. results, full particulars of which are furnished m the In addition to this, the latest market Quotation for their _ , , . , . shares stands at £1 125., so that they could dispose of their Prospectus just issued by The Mercantile and General holdings to-day at'1,500% increase on their capital. Insurance Company, Limited. INVEST IN The Mercantile & General Insurance Company, Ltd. General Manager for New Zealand: FRANK HURLEY Provisional Directors: HERBERT PEARSON RAWSON, Surgeon Dentist, Woodward WM. JOHN SEATER, Merchant, Grey Street, Wellington. Street, Wellington. HORACE MAITLAND HAYCOCK, Land and Estate Agent, JAMES McINTOSH, Public Accountant, Johnston Street, Lambton Quay, Wellington. Wellington. JOHN WILLIAM DAVYS, Merchant, Wakefield Stree*. WM. HENRY NEVILLE AMOS, Director, Bank’s Commercial Wellington. College, Wellington. JOHN ROY BAIRD, Land and Estate Agent, Grey Street, BYRON PAUL BROWN, Merchant, Wakefield Street, Wellington. Wellington. ARTHUR JOHN RIGG, Merchant, Dixon Street, Wellington. Authorised Capital: £1,250,000; Divided into 1,250,000 Shares of £1 each £200,000 Shares are now offered for subscription—payable as follows: 2/- ON APPLICATION 2/- ON ALLOTMENT and the balance in calls not exceeding 2j* per share, at intervals of not less than one month. It is confidently anticipated that not more thqn 6/- per share Will be called up. The Company will have authority to transact nearly all business amounted to, approximately, £1,485,000, the total classes of Insurance, although it is not intended to deal with claims amounting to, roughly, £502,000. These figures, which Life business at present. s Fire, Marine and Accident classes do not include Marine business, indicate that there is ample will be catered for at the outset. room for a live and well-conducted Company. The prospects of the Company are most encouraging, and The members of the Flotation Syndicate have such faith the Directors are confident that a large premium income will j n project that practically all have agreed to take Shares be obtained. Some thousands of pounds in premiums are instead of cash in payment of their expenditure on the already in sight. It is expected that tfrare will be at least Flotation. Nearly 30,000 Shares have been taken up by 2,000 Shareholders in New Zealand from whom the Company Promoters and their friends. No brokerage is payable in will obtain a large premium income at & moderate expense respect to the Shares taken up by members of the Syndicate. The figures relating to Insurance business in New Zealand The initial capital now sufficient for immediate indicate that handsome profits can be made. In 1920 the requirements, but it is the in ention of the Directors to place total premiums received here in respect to Fire and Accident further Issues on the market at a price to be determined upon. Apply for Shares Without Delay £27,050 has already been subscribed before lhe issue of cations lodged, at any Branch, of the National Bank of New :i? Prospectus. As the next issue of capital will probably Zealand, Ltd.; at the Registered Office of lhe Company, 32 - pieced at a premium, investors will be wise to make ap- Grey Street, Wellington; at any of its Branch Offices; or -ration for Shares without delay. Applications will be at an >' *be Brokers named. Prospectus will be posted to <1 sCt with in order of receipt, and in the event of being any enquirer. «:vir-subscribed, the Directors reserve the right to make pro • rata allotments. When no allotment is made the application DrOKcrS . money will lie returned in ful), mu] when the .amount of Wellington: G. GERALD TOLHURST, 143 Feallieif'l -i Sheet. Shares allotted is less than (he mi;nb?r applied for the balance Auckland: L, T. SYMES, 138 Queen Street. may be appUecl towards the sum payable on allotment. Christ church'. J. O. JAMESON & SON, 152 Hereford Street. Gopies of the Prospectus may be obtained from, and appli- Dunedin: HAMILTON & DAVIDSON, Princes Street.