Page 5 Advertisements Column 1

Daily Southern Cross, Volume XXIII, Issue 3119, 16 July 1867, Page 5

NORTHERN ASSURANCE COMPANY. FIRE AND. LIfE.. ESTABLISHED 18 30. CAPITAL, £2,000,000. RESERVE FUND, £800,000. FIRE DEPARTMENT. INSURANCES against fire are^effected on nearly every description of properly at current rates of premium, and losses promptly settled. LIFE DEPARTMENT. The rates charged in Australia are the same as those in England, being calculated on the latest data of mortality there, and will be found peculiarly favourable to Assurers.' The Life Business is divided into two distinct Branches ;— I.THE NON-PARTICIPATION BRANCH, the Assured in which receive no additions to their Policies, the premiums being calculated on the lowest scale consistent with safety ; and 2. THE PARTICIPATION BRANCH, in which the whole profits, less a fixed per-centage of the premiums, for management and guarantee of the sums assured, belong to the Policy-holders ; and, in reckoning these profits, the Company is, under its new Act of Parliament (1865), precluded from deducting anything beyond what is actually paid away as commission to agenta. The necessity felt by alj purely Mutual Societies of setting aside a portion of their profits to form a guarantee fund is in this way avoided, and at the same time that economy which is the boaat of the mutual system is insured. PoliMes c*n be surrendered after they have been three years in duration, either (1) for their equitable cash value j or (2) a policy will be issued free of future premiums for a sum equivalent to such value ; or (3) a portion of the policy can be surrendered, and the Assurance continued for the reduced amount, allowance being made for the premiums lreadypaid. . Pohcy-holders, in event of removal, c»n pay their renewal premiums at any of the Company's offices or Agencies at home or abroad. Loans.— Loads are granted on deposit of the Company's Policies to the extent of their acquired value, free of legal expense to the borrower, the rate of interest charged being six per cent, per annum. The last Bonus declared by the company (in 1865) was at the rate of £\ 7s. 6d. per cent, per annum on the amount insured — a return which has been very rarely exceeded by any office, when the moderate rates of this Company are taken into account. Forms of proposals nnd every information can b? obtained at the office, of th« undsysigned. THOMAS M>CKt, Queen-street, Agent for the Province of Auckland. AUCKLAND VENETIAN BLIND FACTORY Venetian Hffuae, -WeUesley.s(reet Eajt, MHORTON BUSBY t ~Maniifacturer of every • description of Inside and Outside Window Blinds, plain and ornamental Wire Work. M. H. B. begs respectfully to acknowledge the liberal support he has reoeived frem the ladies and gentlemen- of Auckland and its vicinity, and hopes, by unremitting attention, to secure a continuance of their custom and patronage. I The Trade supplied *itb Venetian and Wire-gauzi I BUndv— Old Bliudji retired and p*inted«