Page 1 Advertisements Column 4

Press, Volume L, Issue 8485, 17 May 1893, Page 1

Public Notices. . ! ■■ — I, ' x "—■ - ■ ■ . KAYE AND CARTER \ A RE" BU'f BR S OF PRIME MlLlilKG WHEAT ! GOOD MALTEIG BARLEY BEANS and PEAS -, , And Other Descriptions (if Grain and Produce. Full Market Rates Given. SiSS 10 CATHEDRAL SQUARE. ''"■'.' NOTICE. '\ v -7. ALL ACCOUNTS agednat JOHN WILD, Papanui, must be SKNT in to Mr McCONNSL. SeUcitor, Herefordfttreet, On or before FRIDAY, 19th inst, 4163 ■ FOR fALE. *"~ IN the most nourißhinsr town in North Canterbury, a HAIRDHESSING and TOBAC- . CONIST'S BUSINESS, a good trade. A grand opportunity for a man. Stock at valuation: rent and good will low. Principals only. Address A, Press Office, Christohurch. -k 4099 TO LET, A GOODTOWN HOTEL. Apply to WARD and CO., *»39 ; . Limited. OOOAA TO LEND on FREEHOLD '. SECURITY in one or more sums, at Lowest Current Rates. A. C ROLLESTON, i Solicitor, 4128 176 Hereford street, christchurch. "CI O R t S A~~~L ~E. BLACIOHAWK, Tho well-known Hurdle Racer. Apply A. BENNIE, 4127 Befton._ , NORTH CANTERBURY CO-OPERATIVE ; STORES COMPANY. LIMITED, t RANGIORA. TO SHAREHOLDERS AND OTHERS. THE ABOVE COMPANY ARE CASH BUYERS OF .-,<- ---"• REALLY PRIME FARM-SRS'DAIRY-FEt) BACON PIGS, [ Are are also prepared to : CURE ON FARMERS'ACCOUNT, ! And dispose of the Bacon and Hams. Liberal Cash Advances made. E. W. RELPH. 4162 Manager. CANTERBURY ACCLIMATISATION SOCIETY. ! g>ECEIPTS and EXPENDITURE for the * Aw Year ending 31st March, 1893 :— , RECEIPI'S. __ - s d £ s d To Balanco.. .. .. 40 19 10 Sale of fish, 1891-2 ..100 „ ova ~ „ 11 4 0 12 4 0 1892-3— Fishing licenses .. 212 3 0 Subscriptions .. ..38 4 8 Sale offish .. .. 38 19 0 Game licenses, fines, &c. .79 15 0 Maori fishing cases .. 14 19 G Starlings ;..- t . 6 4 0 Pheasants . _.- _1 1017 6 f -_-: 431 8 8 : -> -. ' .-; 484 66 ;; _..._ ■■■-. "' ' '- •. 1891-_*- " By Ranger~.. v.; 1 .. 20 10 0 ' "Miscellaneous \. .. 3V£ 0 —: 24 2 6 1892-3— Wages-.. .. .. 193 9 0 Secretary ». .. 25 0 0 Rangers .- *, ..'. .. 92 0 3 Printing and advertising 15 13 8 Travellfug expenses, cartage". Sec .. .. 4 6 0' Food for fish,-pheasants, &c „ .... 21 6 6 Ironmongery, tin (rare.. 6 2 9 Miscellaneous .. .. 81_ 9 l.egal expenses 9 3 6 Sterlings ... ~6 0 0 Repairs,CVrator'flhouse 2517.0 Rewards .. ' .. 4 3 0 Fish hatching boxes .. 6 6 6 •'„,"■""■"' • 421 Oil Balance .. ... S9 3 1 -.'- 1 .' £184 6 6 % Balance in Bank .. .'. 39 3 1 . Due from agents for fishing' licenses .. ..... 34 10 0 . , , £7313 1 LIA-niLITIES. Ranger .. .. ... 16 0 0 Miscellaneous .-; - ;. UISO . . jr3l6 13~0 A. MORTON OLLIVIBR, -, -Hon.. Treasurer. Christchurch, 27th Auril, 1803. . Audited and found correct, : Trevor ,J. Grierbon, 4134 THE CANTERBURY FIRE BRIGADES AND THE P.HCENIX. ASSURANCE < COMPANY OF LONDON/ ' L A EO —te misunderstanding may arise _CV as to this Company's notion in endfsvouring ;to the Subsidy from the Unlerwriters'AssDciation in support of Fire f .Bugades in,.Canterbury, I wish to exp'ain to ■ : the assured the reason why such a position is taken up. 2. The risk of los byflre is incidental to the ownership-of property, and the valne is increased or diminished as the means of fire prevention i; efficient or otherwis •. 3. Tho cost of reducing the danger ought to be a charso upon the interest benefited. 4. '1 ho liability of property holders to loss is the source ot the Insurance Company's business, the scopeof which is determined by the extent if value arriak multiplied "by thi degree of danger. The: latter is quite as. important a f_ct<w as the former (as value without risk r yields no T-eveuue); reduce; either, and reduc- , tion is m d) in the volume of premiums. As profit ii look d for to tne extent of a certain percentage-, that follows in lik<* proporrion. 5. If the buildings generally in New Zealand were ot the beat fire-pro .f construction and protected oy a complete organisation for Hre . pi even * ion, the occupation-of most of t.,e Insurance Companies would be gone. 0. If diminution of risk Is followed by a ' corresponding - reduction of > p*eminni, lr is quite dear that InsurancenJonrp-.nies are not interested in bringing it about, bu. the contrary. I 7. Inhonae instances Insurance Companies f for tneir own benefit najve a£temoted-to reduce the riski and so :widen the margin between f premium and hazard. This has created in the * public mind au impression that they r«»cogniso . and have a duty to prevent fire. A* a consequence there is a .tend—ncv. to. promote legislation for the purpose of enforcing contribution. Such a proceeding is evidently foundvd on error. 8. If the money so levied is to come from the pockets of the shar. b >lders of lasi-rance Companies without compensation the injustice cf the measure would be apparent. It, of course, comes indirectly from the assured, who ar« thus mado to pay an undue proportion I of the cnst«f tire prevention. 9. Legislation which taxes usually provides J lor proportionate representation on the Board 1 controlling the expenditure of the funds. Tne r Insurance Companies are thus not only made the medium for the procu-ation of funds fc.r the purpose of curtailing their busines*. but i> they nave a duty imposed upon them to that * the work is eft* ctualiy don •• Is it possible that there can bo a common interest in a Board so ■ coiistitufd ? The'lnsa'ranc;, representatives have no interest in decreasing the risk, on the contrary, it I' to their advantage that circumstances warrant the largest pos-ible premium. 10. The inconsi»tency of Insurance Companies pretending, to take au interest in the rcductiou of iho lire hazard has Jong: been admitted by" all authorities, ''.'he New Z-aland Un lerwriters' Associ.tlion has orer and over ;again affirmed thesuue; it is only the action of the Local Associoion which prevented the subsidy being stopped long ago hi Canterbury. 11. As the rates in Cantor bury, have been sufficient to permit the underwriters to con- , 'tribute to the cost of fire prevention, it is aaite proper that the amount shall be allowed in ratesof insurance if the subsidy be stopped. 12. Tnis allowance will more tnan compensate the assured for their proportion of an increased general rate on prooerty. 13. Ido not intend to pay auy further subsidy on behalf of the Comp.ny, and am inviting the loc—l adopt the saxcouise and fevise. the tariff of rate* in the direction I indicate,;and, at the same time, remove the anomalies in rating which now exist. If this is not done by tbe first of July n "xr. _ shall then be prepared with a revised list of . rates, which 1 shall adqpt for thw Company. 6 .!«. M. SIMPSr>N, General Manager fur V.—., i Phoenix Assurance *.oy. of London. - Wellington, May lltn, 1893. 4152