Page 1 Advertisements Column 7

Thames Star, Volume XIII, Issue 4241, 4 August 1882, Page 1

Insttbanos Companies—(Continued). prosperity of the Company, so each feels iU reverses though both are felt in different degrees. As to the necessity for Buch an undertaking it is quite clear that it is called for. The business of Fire and Marine Insurance has beeD, 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 extraordinary results, however, are produced by Companies formed upon the mutual principle, by which every additional Insurer, by insuring, lessens the coit of insurance, find 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 places of business. Building and population, too, are both on the increase, and there is every prospect of thiscobtinuing. All the frire ' and Maripe Insurance Companies in New Zealand are based upon the ordinary principles, "by which profits are divided amongst Shareholders ONLY, and such rrgard for Insurers aa is now proposed finds no place in their constitution. Ii is reasonably concluded, therefore, that a wide field iies open to the Company now introduced to the public, and a prospect of success certainly t»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 increaoing numbers of such institutions • ugurs well that the principle of mutuality is the key to this vast measure of succes?. If success follow* that principle when applied to risks of such an uncertain nature as life risks, it is impossible to advance any sound arguments against the like results being obtained in applying the like principle to the lets hazardous undertaking of Fire and Marine Insurance. One Mutual Fire Society in Australia hat been in existence nine years up to May, 1881, and for the last eight years it has paid 20 per cent, bonus dividend equally between. Shareholders and Insurers, besides 8 per. cent, irterest 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 remarkable still is that those 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 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. 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 p lyable on "allotment. ."' Copies of the Memorandum and Artie es of Association of the .Company may b» 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 day of July, 1882. 240 W. J. Claxton, TAILOR AND HABIT - MAKEB, Aibebt Stbet, Thames, WHILE thanking his friends and the public generally, for tbe LIBERAL SUPPORT he has received in the past, wishes to draw their attention to his present Stock of West of England, Scotch, Colonial, atd OTHEB TWKKIiS. Also to a Splendid Line in BLACK and BLUB BROAD-CLOTHS and FANCS* WORSTED COATINGS. ALL TWEEDS WARRANTSD WELL SHRUNK BEFORE BEING MADE UP. Note the Addbess :— ALBERT ST. GRAHAMSTOVVN. (Next Mr J. Mabshalli's Drapery Estab!iih« ment.) 278 5 TyONEY -|I|ONEY! jIfONET! LONDON LOAN AND DISCOUNT COMPANY, , High Stbbbt, Auckland ' (Between Shortland street and Vulcan Lt»ne). Persons borrowing £5, receive cash £4 10s£10 „ „ £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 tiny 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 pnblic 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, A UTHORISED awd MINING SUR. XX VEYOR,ani> Native Lamd Fcbchask Aobnt, ALBERT STREET (next Frater Bros.), Gbakambtown. Notb.—Mining Leases and Claims .Sax* veyed and Plans prepared at reasonable, charges with despatch, . fyg| 86J.