Page 3 Advertisements Column 4

Waikato Times, Volume XIX, Issue 1572, 1 August 1882, Page 3

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 abqvej in an equally advanced state of improvement, with Dwellinghouse and Farm Buildings. 80 ACRES LAND at Hamilton, a mile from the Railway Station. 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, mußt 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 j 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 o* beneficiaires has a special and particular interest in the welfare and 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, and 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 chiefly due-r-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. 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. ; 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 being obtained in applying the like principle tb< less hazardous undertaking of Fire and Marine Insurance'; '•'' ' - 'v- •>■ : >'"■ • "■' ' ■ ■' ' One Mutual Fire Society in Australia has been in existence ; nine years up to May, 1881, andfor! 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 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 callednip; capital of only ■ 8ix l ijiowfiri.d two. hundred:and'fifty ,][)ouhd4. ' <:■• ■H"' '- ; ■■>.-.;.;: \V-.-. ■■■< <■•■ ■ Forms of application for shares;can be; obtained at 'Buildings, Auckland,;-<6rfrom any branch where the,:samewill be ,; receivedviip to 'the 10th - f , , {). I If no alk>tra^t^lmade,l^e K will jbe jwithoiit. .deduction,, and when' the' numb'er'vof, Scares "allotted : is| less than■ the u "numberapplied for the su'r-' plus will be credited in reduction of f the Copies -., of ; .the and Articles of Association !of J 'Cp.mpany, may be ait;; the office jot 'the' '' f '' : ' \Dated day of , O 3 , S„A L, ,E About I 'Seven { Tons"orWHiTE -CARROTS, put on board the .;- steamer at tyyd&qduig .at :£2. fys'