Page 3 Advertisements Column 2

Evening Post, Volume XXVIII, Issue 77, 27 September 1884, Page 3

QUARTER DAT, 29th SEPTEMBER, 1884. SUN FERE OFFICE, LONDON. ESTABLISHED, 1710. Sum Insured in the year 1883— .£310,421,000. INSURERS whose Policies expire on the 29th instant, are remindod that Renewed Premiums .should be paid on or before that date. This Company is prepared to accept risks on proportv at the lowest current rates of premium, in accordance with the revised tariff. J. H. BETHUNE & CO., Agents. NORWICH UNION FIRE INSURANCE COMPANY. Established, 1797. losses Paid £4,500,000. QUARTER DAY, 29th SEPTEMBER. INSURERS1 NSURERS whose Renewal Premiums ¦ become duo this quarter are reminded that they should be paid on or before MONDAY, the 29th inst., aud that they will participate in the reduced rates in accordance with the recently rovised tariff. Losses in Wellington are settled by the Agents here with promptitndo and liberality. Agents ; BENJAMIN SMITH & CO., Lambton-quay. ROYAL INSURANCE COMPANY (FIRE AND LIFE). Fire Premium Revenue, 1883 ... .£982,737 Accumulated Funds, 1883 ... £5,245.101 INSURERS whose Policios expire on 29th inst. are reminded that their Preminmd should be paid at the office of the undersigned before 4 p.m. of that day. All classes of fire risks accepted at lowest rates. W. M! BANNATYNE & CO., Agents. THR LIVERPOOL AND LONDON AND GLOBE INSURANCE COMPANY. INSURERS whose Policies expiro on the 29th instant are reminded that Renewal Premiums should be paid on or before that date. All classes of risks accepted at the lowest rates. This Compant has, bt a Special Act op the New Zealand Parliament (pas Bed in 1879), placid itßblf in a position to Sue ok be Sued within THI COLONT. EDWARD PEARCE, Agent. THE LIVERPOOL AND LONDON AND GLOBE INSURANCE COMPANY. fjiHE proud position which the Liverpool JL and London and Globe has so long maintained as the premier fire office of the World, does not appear at all likely to be forfeited. Despite the trying ordeal to whioh all companies have had to submit during the last throe years, the Liverpool and London and Globe has not only experienced no loss of strength, and no impairment of resources, but is to-day in a far riohor and more flourishing state than in any previous period of its "history. In tho midst of a severe pressure which commenced to be felt at the beginning of 1881, and which has continued in operation ever since, the Company has pursued a career of unruffled tranquility. Profits, it is trne, have diminished, but still the margin of loss has never Bven been approached. The year 1883, which, although to some extent an. improvement upon its two predecessors, has been a voar of trial and loss to many companies, but has brought very satisfactory results for the Liverpool and London and Globe. A profit on the fire account of .£206,806, a surplus on the quinquennial life investigation of £95,420, and a revenue from interest, after payment to Globe annuitants, of £83,005— these, in brief, are the salient features of the report before us. Such figures require no comment and no commendation. They themselves are sufficiently eloquent. Let us for a moment leavo those records of remarkable and almost bewildering prosperity ; let us leave the shareholders to rojoioo over their good fortune, and the managers to reoeive the congratulations and rewards which their enterprise and skill aave so richly earned, and let us ttrrn back to an earlier page in tho Company's history. We do this for several reasons. First, the listory of tho Liverpool and London and Gllobe is one of most brilliant and successful enterprise Secondly, it is not only a tustory of enterprise, but one in which are smbodied some of the finest records ol genius md skill which tho annals of commerce can [nrnißh. " Peace hath her viotories no less fenowned than war," and the manner in whioh tho Liverpool and London and Globe in the darkest crisis of the Company's fate encountered and triumphed over every difficulty, was indeed a victory to whioh Milton's words are peculiarly appropriate. And, thirdly, the facts we are about to relate convey a significant lesson to the ambitious oroations of the last half-dozen years, whose "enterprise" has planted them all over the world, but whose blindness and recklessness have led them into much disaster. ,\ The financial position and resources of the Liverpool and London and Globe were first brought to light, like those of many other companies, by the Life Assurance Companies Aot of 1870. The accounts for that year are all the more valuable and interesting as presenting the office in the olimax of its prosperity under the old reg/ms, prior to the great wreok and revolution - brought about by the Chicago and Boston* fireß. Now, to show the marvellous contrast between that time and the present; we will take tho entire funds, exclusive of life (for the Company is best known for its world-wide fire business), as on December 31, 1870, and on the same date thirteen years lator, 1883 :— Funds, December 31, 1870. Capital £391,752 General Reserve Fund 971,409 Profit and Loss 200,053 Capital Sum Insurance Fund ... 1,691 Investment Fluctuation Fund ... 97,567 Permanent Fire Policy Deposit Fund 51,5)17 Globe Annuity Stooir sold ... 96,040 £1,810,429 Funds, December 31, 1883. Capital £245,640 General Reserve Fund 1,500,000 Profit and Loss 355,084 Capital Sum Insurance Fund ... -1,350 Investment Fluctuation Fund. „. 77,870 Permanent Fire Policy, Dsposit Fund 07,101 Globe Annuity Fund 1,102,800 £3,352,845 Thus, during this period o! thirteen years, the funds of the Company, not including the life funds, also largely augmented, have been increased by no less a snm than £1,542,416. And — startling paradox— this vast accession of resouroea had its beginning and foundation in those two overwhelming calamities, the Chicago and Boston fires. It may be safely asserted that had it not been for the stinging leßsons then taught the Liverpool and London and Globe would have gone on in its old course, dividing its profits annually, and possessing no reserve fund worth speaking of. All honour, nevertheless, to the prudence which took the lesson home, and to the wisdom whjch so applied it as " out of the nettle danger, to pluck tho flower safety."— Finanoe Chronicle, 2nd June, 1884. SPECIAL NOTICE. HANSE ATIC FIRE INSURANCE COMPANY OF HAMBURG. Established 1873. Capital v ... £150,000 Guarantee of Associated Companies £3,000,000 Insurers whose Policies expire on the 2Qth > are reriiinded thai; their premiums should be paid at the office of, the undersigned, before 4 p.m. of that ds,y. Ri^ks Uken at lowest rates, and losses promptly settled in Wellington. Agent — ALEXANDER JAMES M'TAVISH. Offices— M'Tavish, Tatum & Co., Lambton Quay SPECIAL NOTICE. IMPERIAL FIRE INSURANCE COMPANY, LONDON. Established 1803. Capital £1.G00,000 Paid up and invested... jeTOO.OOO Insurers whose policies expire on the 29th are reminded that their premiums should be paid at tha office of the undersigned before 4 p.m. of that day. Risks accepted &,t lowest current rates. Prom^ and liberal settlement of claims. Agkmt — ALEXANDER JAMES M'TAVISH. Offices, -M'Tavish, Tatnm & Co., Lambton Quay. THE VICTORIA INSURANCE COMPANY (Limited). QUARTER-DAY, 29th SEPTEMBER, 1884. INSURERS whose policies expire *s above are reminded that their renewal premiums should bo paid on or before MONDAY, at noon. LEVIN & CO., Agents.