Page 3 Advertisements Column 7

Hawke's Bay Herald, Volume XXI, Issue 5070, 8 May 1878, Page 3

rpilß COLONIAL INSURANCE COM 1 PANY OF NEW ZEALAND, (Registered under the Joint Stock Companies Acts), for FIRE AND MARINE INSURANCE. Capital Two Millions Sterling, In 200,000 Shares of £10 each. Ten Shillings per Share payable thereon, making £100,000 Cash Capital. First issue, 100,000 shares. 2s 6d per share, payable on application ; 2s 6d upon allotment j and 5s per share at call, not less than three months after registration. Chief Offices - - Wellington. BOARD OF DIRECTORS. Chairman : The Hon. C. J. Phabazyn, M.L.C., Chairman Local Board Australian Mutual Provident Society. Vice-chairman : The Hon Randall Johnson, M.Ii.C, Managing Director Northern Land and Loan Company, Jacob Joseph, Esq., Merchant. A. de B. Brandon, Esq., M.H.R., Local Director Australian Mutual Provident Society. E. W. Mills, Esq., Merchant. The Hon. M. S. Grace, M.L.C., Local Director Australian Mutual Provident Society. Walter J. Nathan, Esq., Merchant. Solicitors ; Messrs Brandon & Son, Wellington. General Manager. A thoroughly competent and experienced General Manager -will be appointed. Bankers : The Bank of New Zealand. Secreta r For organisation (and subsequently agent for Canterbury), Mr Freds. E. A. Graham. Copies of the Memorandum and Articles of Association can be seen at the Office of the Company, and at any of the Branches of the Bank of New Zealand, where Forms of Application can be obtained, and deposits will be received. The Directors each subscribed for £1000 cash (being part of the ordinary capital) prior to the formation of the Company, and have undertaken its organisation as a thoroughly Colonial institution, with headquarters in Wellington. One-half only of the shares will be immediately issued, and the Directors, having already apportioned a considerable number in securing a large amount of important support, are prepared to place the available balance in fair proportion throughout the Colony, with persons whose business or influence is calculated to be valuable to the Company in the mutual interests of all concerned. The Company being thus possessed of strong insurance support, and being able to offer the public the guarantee of ample cash capital, with thorough security, will commence business, the whole of the remaining 100,000 shares being reserved for allotment in successive issues to actual insurers with the Company, under the provisions of the Articles of Association, in proportion to the insurance premiums paid by them. The proportion of shares for issue, compared to the amount of pounds sterling of insurance premiums paid, will be declared from time to time at the discretion of the Directors, so as to offer a continuous inducement to insurers to join the Company. . Several of the Directors have had experience of the great advantage of mutuality in connection with the most successful Life Association Assurance existing, and, after long consideration, the Board are satisfied that the present proposal comprehends the most practical embodiment of that principle applicable to Fire and Marine business. The Directors are fully alive to . the importance of considering in the first allotment the great body of small insurers, and they have also determined, notwithstanding any pressure, upon maintaining the chief point of their proposal — viz., that they will keep in hand the whole of the remaining 100,000 shares for future allotment to actual insurers upon the definite and equitable basis above stated, which places all ranks of insurers upon an equal footing. The Directors have therefore calculated upon the tollowing results, viz. :— That the method of fixing the capital will attach a large amount of business, and that the Company will have the sympathies of the public as a colonial institution, open to all insurers upon a mutual principle, and yet backed by large capital, security, and business. The companies hitherto formed have been uniformly successful, and the rapid progress of the colony fully warrants the foundation of a similar institution in its Capital City. The rates and general terms of business of the Company will be similar to whatever may be current from time to time, as the insured will be enabled to participate as nearly as possible in proportion to the profits derivable therefrom. It is not anticipated that any further calls • will be made. The applications for shares will be considered aa received, and the Lists will be closed in each province, at the discretion of the Directors. The Bank of New Zealand is now prepared to receive applications. 654 UNION JFIRE AND MARINE INSURANCE COMPANY OP NEW ZEALAND. QHAREHOLDERS are hereby reminded that in accordance with terms of Articles of Association, a Call of Two Shillings and Sixpence per Share on shares standing in their name in this Company, on this day's date, will be due on Ist June next, payable at the Union Bank of Australia, Napier. All overdue Calls will be charged Interest at the rate of Fifteen per cent, per annuir until such time as they are paid. W. DEVENISH MEARES, General Manager. Christchurch, May 2, 1878. 633 NOTICE. ANY Persons caught Trespassing with Dog or Gun on my Paddocks will be Prosecuted. JOHN BIRD, Woodlands, Wallingford. March 26, 1878. ; 162 NOTICE. ANY Person found Trespassing on Elms Hill Estate with (or without) Dog or Gun, will be prosecuted. F. J. TIFFEN, Elms Hill. March 29, 1878. 269 NOTICE. ANY person found in pursuit of Game on Mr Lowry's Property or Run will be prosecuted. N. E. BEAMISH. April 29, 1878. 586 NOTICE. ANY person found Trespassing on my Property, in pursuit of game or otherwise, will be prosecuted. KB.— Poison will be laid in my paddocks after this date, HARVEY SLADEN. Grassmere, April 24, 1878. 549 ANY person trespassing in pursuit of game on the Korokipo and Moteo estates will be prosecuted. J. W. WILSON, 578 Manager. NOTICE. T)OKON will be laid on the Estate of the I undersigned after this date. HOWARD BROS. Smedley, April 25, 1878. 544 TO LET. A BUTCHER'S SHOP, at Havelock. For particulars apply to J. JOLL, 60 Havelock. TO LET, A FOUR-ROOMED. COTTAGE off Carlyle-street, at present occupied by F. Parker. Apply to JOHN ORR, 61 Port Ahuriri,