Page 1 Advertisements Column 6

Thames Star, Volume XIII, Issue 4242, 5 August 1882, Page 1

" Insubanoe Companies—(Continued). prosperity of the Company, 80 eaoh /eels its rev. rse-, though both are felt in different decree?. As to the necessity for such an undertaking it is quite clear that it is culled for. The business of Fire and Marine Insurance hns been, and still is, increasing throughout the colony, and especially is this so iv 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 • hese enormous results are produced upon, a very small amount of called-up capital. . , None of these extraordinary results, however, ore produced by Companies formed upon the mutual principle, by which every additional Inturer, by. insuring, lessens the cost of insurance, and creates' a powerful protection against, that oarelessneps from which fires-are ohi»fly due—a principle which induces greater care ond cdution in>all households and places' of business. Building and population, too, are both on the increase, and there is every prospect of thia continuing. j All 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;-aa:fs bow proposed finds . no place in their constitution. v ; .It is reasonably concluded, therefore, that a wide field lies open to the Company now introduced to the public, nnd a prospect of success certainly hs great, if not greatrr, than that hitherto accomplished by "similar insii« tutions is now presented for acceptance. Aa 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 augurs well that the principle 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 against the like results being obtained in applying the like principle to the less hazardous undertaking, of Fire and MarineInsurance. '■'■ ' One-Mutual Fire Society in Australia has 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. in-, terest to Shareholders; upon t"*ieir paid-up cupiial, and in May, 1882 (the endef 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 called-up capital of only Six thousand two hundred andffity''pounds. . Forms of application for Shares can be obtained at the -Company's Offices, Canada Buildings, Auckland, or from any Branchof the National Bank of New Zealand, where the same will be received up to the 10th Aqgust 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 payable on allotment. Copies of the Memorandum and Artie'es of Association of the Company may be 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, Albest Stket, 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 present Stock of West of England, Scotch, Colonial, and , other tweebs. Also* to a Splendid Line in BLACK and BLUB BROAD-CLOTHS and FANCI WOBSTED COATINGS. ALL TWEEDS WARRANTED WELL SHRUNK BEFORE BEING MADE UP. Note the Address : — ALBERT ST. GRAHAMSTOWN. (Next Mr J. Mabshall's Drapery Establish' ment.) 278S TII-ONEY IVTONEY! JITOXTEY! LONDON LOAN AND DISCOUNT COMPANT, High Street, Auckland (Between Shortland street and Vulcan Lane). Persons borrowing £5, receive cash £4 10a „ £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 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 j 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 and MINING SUE. JX-: ■ VEYOR, and Native Land Fcbohasb Aakkt, ALBERT STREET (next Frater Bros.), Gbahakbtown. Notb.—Mining Leases and Claims Surveyed and Plans prepared at reasonable charges with despatch. ~ 861