itfsuBANCE Companies—(Continued).
prosperity of the Company, 00 each feels its reverse*, though both are felt in different degrees. As to tbe necessity for such an undertaking it is quite clear that it is called for. Tbe business 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 vast returns which have been obtained by our local companies demonstrate beyond a doubt that 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 i extraordinary results, hasrever,,are produced by Companies formed upon the mutual principle, by which every additional Insurer, by insuring, lessens the cost of insurance, and creates a powerful protection against that carelessness from which fires are chiefly due—a principle which induces greater care and caution in all households and placet of business." Building and population, too, are both on the increase, and there is? every prospect of this continuing. . AH the Fire and Marine Insurance Companies in New Zealand are .based upon the ordinary principles, by which profits are divided amongst Shareholders onit, and such regard for Insurers as is bqw. proposed finds no place in their constitution. It is reasonably concluded, therefore, that a wide field lies open to the Company now introduced to thtf public, and' a prospect of success certainly s»s"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 ..ugurs well that the principle of mutuality is tbe key to this vast measure of success. If success follow* that principle when applied to risks ofsuoh an uncertain-nature as life risks, it is impossible to advance any sound arguments against tbe like results being obtained in applying the like principle to the less hazardous undertaking of Fire and Marine Insurance..
I One Mutual Firo Society in Australia has been in existence nine years up to May, 1881, and for the laet eight years it has paid 20 per cent, bonus dividend equally between Shareholders and Insurers, besides 8 per cent, interest to Shareholders' upon their paid-np 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 remarkable still is that these results have all been produced from a caDed-up capital of only Six two hundred and fifty pounds. j ' Torma of application for Shares can be obtained 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. i If no allotment is made, the deposit will be returned without' deduction, and ■ when the number of Shares 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 Articles of Association of tbe Company may be in* spected at the office of the Company's Solicitors. Agencies will be established throughout the Colony as soon as practicable. Dated at-Auckland this eighth day of July, 1882. . , 240
W. J. Claxton, TAILOK AND HABIT - MAKEB, AXBKBT SIKET, THAMES, . WHILE thanking his friends and the public generally for the LIBERAL SUPPORT he has received in the past, - wishes to draw their attention to his preieut Stock of West of England, Scotch, Colonial, a*d other i'wbkds. ' Also to a Splendid- Line in BLACK and BLUE BROAD-CLOTHS and FANG? WORSTED COATINGS. ALL TWEEDS WARRANTED WELL SHRUNK BEFORE BEING MADE UP. Note the Addbebs :— -- Albert st. grahamstown. (Next Mr J. Mabbhah/s Drapery Establish' , .' ment.) 278:> ■VTONEY TIfONEY! il/rONEY! LONDON LOAN AND DISCOUNT COMPANY, - High Stbbbt, Auckland (Between Shortland street and Vulcan Line). Persons borrowing £5, receive cash £4 10s „ „ » »■■.■ «9 „ £20 „ „ £18 „ £40 „ „ £36 £50 „ „ £45 And so on .at the same ratio. This company advance 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 promptly made, on deposit of deeds, and on leaseholds, 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 65, Post Oflloe, Auckland." Office hours : 10 to' & p.m.; Monday and Saturday Evenings, 7 to 8. 3528 H. T. ROWE, AUTHORISED asd MINING SUB. VEYOR, and, . Native Land Fdbchabb Actnrr, .' ALBERT STREET (next Prater. Bros.), ,'•■• Gbahaimtown. - 1 Notb.—Mining Leases, and Claims Sor* veyed and Plans prepared st reasonable ohargei with despatch. ■■$£ 861
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Thames Star, Volume XIII, Issue 4240, 3 August 1882, Page 1
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806Page 1 Advertisements Column 7 Thames Star, Volume XIII, Issue 4240, 3 August 1882, Page 1
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