Page 1 Advertisements Column 7

Thames Star, Volume XIII, Issue 4233, 1 August 1882, Page 1

Insttbanoe Companies—-(Continued). : . prosperity of thp Company, bo each feels its reverse*, though both' .are felt in different _ degreei. As to the necessity for such an undertaking it is quite clear that it is called for. The bueineas of Fire and Marine Insurance has _ been, and still is, increasing throughout the colony, and especially is this so in the Auckland Provincial District. The rast returns which have been obtained by our local companies demonstrate beyond a doubt thai a business of very great magnitude ' is being transacted year after year, and that .. these enormous results are produced upon a very small amount of called-up capital. - None of these extraordinary results, however, are produced by Companies formed upon the mutual principle, by which every additional Itiiurer, by insuring, lessen* the cost of ' insurance, and creates a powerful protection against that carelessness from which fires are chiefly due—a principle which induces greater ■ care aad caution in all- households and places - * of business: Building and population, too, are both on the increase, and there is every prospect of this continuing. All the Fire and Marine Insurance Companies in New Zealand are based upon the ordinary principles, by , which, profits are divided amongst Shareholders ONXT, and such regard for Insurers as is now proposed finds no place in their constitution. It is reasonably concluded, therefore, that a wide field lies open to the Company now introduced to the public, and a prospect of success certainly bs great, if not greater, than that hitherto accomplished by similar insti* tutions is now presented for acceptance. As to the Company's projects — The success which has followed the different Australian Mutual Life Associations must be well known, and the increasing numbers of such institutions ugui swell that theprinciple of mutuality is the key to this vast measure of success. If success follows that principle when applied to risks of such an uncertain nature as life risks, it is impossible, to advance any sound arguments ugainst the like results being' , obtained in applying the like principle to the' less hazardous undertaking of Fire and Marine Insurance. - One Mutual Fire Society in Australia has been in existence nine years up to May, 1881, and for.the last right years it has paid 20 per cent, bonus dividend equally between Share* holders and Insurers, besides 8 per cent, interest to Shareholders upon' their paid-up capital, and in May, 1882 (the end ef its tenth year), it had in invested funds'the handsome amount of £45,000. What is more remark able still is th»t these results have all been produced from a called-up capital of only Six thousand two hundred and fifty pounds. Forms of application for Shares can be ob- D tamed at the Company's , Offices, Canada Buildings, Auckland, or from any Branch of the National Bank of New Zealand; where the same will be received up to the 10th August next. If no allotment is ma.de, the deposit will be returned without deduction, and when the number of Shareß allotted is less than the • number applied for,- the surplus will be credited in reduction of the amount payable "on allotment; Copies of the Memorandum and Attic es ,of Association of the Company may bo inspected at the office of the Company's Solicitors. Agencies will be established throughout the . Colony.as soon as practicable. Dated at Auckland this eighth duy of July, 1882. 240 , W. J. Claxton, ft TAILOR AND HABIT - MAKER, AIBERT BTBBT, THAMES, WHILE thanking his friends and the public generally for the LIBERAL SUPPORT he has received.jn the past, wishes to draw their attention'to his present Stock of ;.* West of Ek&iiAtfD, Scotch, Coioniai, a*j> .. .OfHBE Tweeds.Also, to a Splendid Line' ia' BLACK and BLUE BROADCLOTHS and FANCY WORSTED COATINGS. ALL TWEEDS WARRANTED WSLL SHRUNK BEFORE BBISG MADE UP. Note the Address :— ALBERT ST. GRAHAMSTOWN. (Next Mr J. Mabshali/s Drapery Establish' ment.) 278-5 .TITONEY TITONEY! lITONEY ! LONDON LOAN AND DISCOUNT COM- . PANY, High Stbbbt, Attcklamd (Between Shortland street and Vulcan Lsne). Persons borrowing £5, receive cash £4> 10s £10 „ .„ £9 „ £20 „ „ £18 -, £40 „ „ £36 '. £50- „ „ £45 - And so on at the same ratio. This company advanco money in sums of from £5 to £5,000, upon any reasonable security, and arrangements can be made to repay the amount in any way to suit the borrower. Advances s j»fonjptly made on deposit of deeds, and on jeae£bolds, shares, and scrip of public companies, bills of sale, bonded certificates, merchandise, also on good personal security. All communications and interviews' held strictly confidential. Address: London Loan and Discount Company, High street, Auckland; or, Box 55, Post Office, Auckland. " . Office hours : 10 to 6 p.m.; Monday^and- -.- Saturday Evenings, 7 to 8. 3528 H. T. ROWE 4 AUTHORISED akd MINING SUR. il; VEYOR,,AND Natitb Land Fpbchasb Agbnt, . ALBERT STREET (next Frater BroB.), . ,'f > GBAHAKOTOWK. Notb.—Mining, Leases; and Claims Bur- V veyed rand Plant, prepared at reasonable charges with despatoh, 8(1 I '• , " ■ - - . t:"