Page 1 Advertisements Column 5

Thames Star, Volume XIII, Issue 4247, 11 August 1882, Page 1

Instjbanoe Companies—(Continued). prosperity of the Company, bo each feels its reverse 8, though both are felt in different degree?. As to the necessity for such an undertaking it is quite clear tbat it is called for. The 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 rast 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, how evef, 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 Bgainst 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 bated upon the ordinary principles, by which profits aro divided amongst Shareholders only, and such regard for Insurers as is now proposed finds no place in their constitution. It is reasonably concluded, there "ore, that a wide field lies open to the Company now introduced to the public, nnd a prospect of success certainly aa great, if not greater, than that hitherto accomplished by similar instfc 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 incurs 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 risTcs, it is impossible to advance any sound arguments against the like results being obtained in applying the like principle to the lees hazardous undertaking of Fire and Marine Insurance. One Mutual Fire Sooiety in Australia has been in existence nine years up to May, 1881, and for the last eight years it has paid 20 per cent, lomis dividend equally between Share* ' holders and Insurers, besides 8 per cent, intereet to Shareholders upon their paid-up capital, and in May, 1882 (the end ef its tenth year), it bad in invested funds the handsome amount of £45,000. What is more remarkable still is that these results hate all been produced from a called-up capital of only Six iJiotisand two hundred and fifty pounds. Forms of application for Shares ran 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 Dumber applied for, the surplus will be credited in reduction of the amount payable on allotment. Oopieß 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, TAILOE 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, akd otheh Tweeds. 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 Address :— ALBERT ST. GRAHAMSTOWN. (Next Mr J. Mabshall's Drapery Establishment.) 278<i NOTICE. NOT THE BUTCHEE OF THE THAMES, BUT The Popular One, IT7"I3HES to inform his Friend* and the Public in General that his Establishment is the CHEAPES f on the Thames FOE CASH. F. WELLS, TARARU. H. T. HOWE, AUTHORISED and MINING SUR. VEYOR, and Native Land Fcbohase Aoent, ALBERT SrRBET (next Frater Bros.), Gbahahstown. Note.—Mining Leases and Claims Surveyed and Plans prepared at reasonable charges with despatch. 851 A UCKLAND RUBBER STAMP COJ\ Albebt Street. Established 1870. Stamps at 24 hours.