Page 1 Advertisements Column 6

Thames Star, Volume XIII, Issue 4243, 7 August 1882, Page 1

• Isstjbanoe Companies—(Continued). } prosperity of the Company, 80 each feels its reverse*, though both are felt in different degree?. • • ■ As to the necessity for such an undertaking it is quite clear that it is called for. The business of Fire and Marine Insurance has been, and etiU is, increasing throughout the colony, and especially is this so in the Auckland Provincial District. The yast 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 ure produced upon a very small amount of called-up capital. None of these extraordinary results, howeTer, »re produced by Companies formed upon the mutual principle, by which every additional Iniurer, by insuring, lessens the cost of insurance, and creates a powerful protection ngainst that carelessness from which fires are chiiflv due—a principle.which induces greater care and caution in all households and places of business. Building and population, too, are both r,n 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 only, and such n gird for Insurers as. is row proposed finds no pliice in their constitution. It is reasonably concluded, there "ore, that a wide fisld lies open to thr Company now introduced to the public, «.nd a prospect of success certainly hs great, if not gre itrr, than Hiit hitherto accomplished by similar insti* tut ions 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 inftitutions-ugurs well that the principle O' mutuality ie the key to this vaet measure of succea?. If success follows that principle when applied to rinks 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 le*s hazardous undertaking of Fire and Marine Insurance. One Mutual Eire 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 fqually between Share- ' holders and Insurers, besides 8 per cent, interest to Shareholders upon t^fir paid-up capii a!, 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 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 tke 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 Artic'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 • MAKER, Albebt Stbet, 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, awd other Tweeds. Also to a Splendid Line in BLACK and BLUE BROAD-CLOTHS and FANCY WOBSTED COATINGS. ALL TWEEDS WARRANTED WELL SHRUNK BEFORE BEING MADE UP. Note the Address:— ALBERT ST. GRAHAMSTOWN. (Next Mr J. Marshall's Drapery Establishment.) 278^ TITONEY Tl/TONEY! MONEY! LONDON LOAN AND DISCOUNT COMPANY, High Street, Auckland I (Between Shortland street and Vu'can Lane). Persons borrowing £5, receive cash £4 10s £U> „ „ £9 „ £iO „ „ £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 uny reasonable security, and arrangements can be made to repay the amount in uny 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 goid personal security. AH communications and interviews held strictly confidential. Address: London Loan and Discount Company, High street, Auckland $ or, Box 55, Poet Office, Auckland. - Office hours : 10 to H p.m.; Monday and Saturday Evenings, 7 to 8. 3528 H. T. ROWE, A UTHORISED and MINING SURr xX. N VEYOR, and Native Land Fcbchasb Agbnt, ALBERT STREET (next Frater Bros.), Gbahahstown. ', Note. —Mining Leases and Claims Surveyed and Plans prepared at reasonable charges with despatch. ' ' 851 j