Page 1 Advertisements Column 6

Thames Star, Volume XIII, Issue 4245, 9 August 1882, Page 1

; Iksubanoe Companies—(Continued). prosperity of the Company, so each feels its reverses though both are felt in different degrees. -V"• :~ ", ■.■ ■'■ ■'"■■■:■■.,:■ ' As to the necessity for such an undertaking it '■ is quite clear that it is called for. The business of Fire and' Marine Insurance hai been, and still is, increasing throughout the colony, and especially is this so in the Auckland Provincial District. ; '."■' . The vast returns which hare 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, how* ever,are produced by Companies formed upon the mutual principle, by which. every^addi* tional-Insurer, by insuring, lessehi the^fcbit 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 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 ONLY, 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 institutions 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.ougurs 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 Marine Insurance. One Mutual Fire Society in Australia has been in existence nine years up to May, 1881, and for the last eight yean it has paid 20 per cent, bonus dividend equally between Shareholders 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 remarkable still is that these results have all been produced from a called-up capital of only Six thmsand 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 i credited in reduction of the amount payable on allotment. , Copies of the Memorandum and Articles 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, Aibebt Stebt, 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 or England, Scotch, Colonial, avd OTHXB TWBEDS. Also to a Splendid Line in BLACK and BLUE BROAD-CLOTHS and FANCY WORSTED COATINGS. ALL TWEEDS WARRANTED WELL . SHRUNK BEFORE BEING MADE UP. Note the Address-:— ALBERT ST. GRAHAMSTOWN. (Next Mr J. Mabshall's Drapery Establishment.) 2785 TMTONEY TIjONEY! lIJONEY! LONDON LOAN AND DISCOUNT COMPANY, High Stbbet, -Auckland (Between Shortland street and Vulcan Line). Persons borrowing £5, receive cash £1 10s 1 » » £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 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 good personal security. All communications snd 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 .Evening*, 7 to 8. 3528 H. T. ROWE, A UTHOMSED awd MINING SUR. iV VETOR, and Nativb Land Fobchabb Agent, ALBERT SIREET (next Frafcer Bros.)! . G-BAHAMBTOWN. Note.—Mining Leases and Claims Sur* veyed and Plans prepared at reasonable charges with despatch. 851