Page 3 Advertisements Column 3

Waikato Times, Volume XIX, Issue 1570, 27 July 1882, Page 3

~* Notices* 1 """ " n ""' " • w '******^*v^ vw »., •*.» *-» !•**♦•*,

200 ACRES First-class Land, partly cultivated, at Hiuniera. 200 ACRES ■ First-rate Land, partially improved, at Tuhikaramea. AN EXCELLENT, Highly - cultivated , Farm, of 250, Acres, five miles from Cambridge, well-fenced, and subdivided. A 300-ACRE- FARM adjoining the above, in an equally advanced state of improvement, with Dwellinghouse and Farm Buildings. SO, ACRES LAND at Hamilton, a mile from the Railway Station. v FOUR-ROOMED COTTAGE and Allotment, West Hamilton. House is well finished, and ground planted with ornamental shrubs. 315 ACRES Good Land near Cambridge, well-watered ; there is a little bush, the remainder open fern land ; about 100 chains wire fencing, and 60 acres in grass.

undertaking, based on such principles, must at once appear clear to every intelligent mind ; for the shareholder and insurer 'are stimulated alike to advance the interest of the Company and prevent losses — First, by directing business to the company ; second, by exercising caution in the selection of risks which they bring ; and, third, by using extra precautions to prevent fires by which their bonus or dividend would be absorbed. In this way both Shareholders and Insurers work together for one and the same object, each being stimulated to make the business of the Company as large as possible, and so produce a large bonus or dividend, in which they each equally participate. This same result or object also acts as a preventive to the occurrence of fires and losses. In this way each set 6* beneficiaires has a special and' particular interest in the welfare aud prosperity of the undertaking, and it is this principle which forms the company's strongest safeguard and protection. The larger the number of Shareholders and Insurers, the further this safeguard and protection is extended ; for, as each feels the prosperity of the Company, so each feels its reverses, though both are felt in different degrees. As to the necessity for such an undertaking, it is quite clear that it is called for. The business of Fire and Marine Insurances has been, 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, aud 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 cost of insurance, and creates a powerful protection against that carelessness from which fires are chiefiy dve — a principle which induces greater 'care and caution in all households and places of business. Building and population, too, arc 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. Is is reasonably concluded, therefore, that a wide field lies open to the Company now introduced to the public, and a prospect of success certainly as 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 augurs well that the principle of mutuality is the key to this vast ) measure of succcess. , • i , If success follows that principle when applied to risks of such an uncertain nature as life risks, it is impossible to advance any sound argument against the like results bqing obtained in applying the like principle to the less hazardous undertaking of Fire arid Marine Insurance. 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, interest to Shareholders upon their paid-up capital, and' in May 1882 (the end of its 1 tenth year), it had in investedfunds the liand T some amount of £45,00,0. What is .more remarkable still is that these results have all been'prbduced'from a called-up capital of .only Nix 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 l will be received up/to the 10th August jiext. If npja\lptmen|p''i3 1 m < ade,NT;he deposit will be returned' without* Seduction, ap^* {when;the number of. {Shares, is. less than the ( qumjber apjpfied"^' theiiur- ' plus will be cre'dit^'d' in' reduction of the amount payable,,, on allotment.- «. Cries'' of n''o%emoraSdulnn ''0%emoraSdu1n and Articles of f Association pf th% Company ' mayi bejinspecJeGl^atj-'the 'office^ pf, the,' Company's -sb t Hci|6j.'s.' r * 7 I -/. s --"' w * ' Agencies will' be established throughout" H&fMMwM^ of' July, 1882,;'* *<*.-* **-'. ' ' u

". ' "StoOEON pEMTIST, " j i f aliteri'da^ce-. at,- the .Cottage,^ G^vynne's JSotelsy|^iltpn} ; on Saturday,!! 'July 29tK, froiri 12£oon,;and»t^ |Kif^(Jd^jj(^e^^^Mdg|;;Hbtei,^