Page 3 Advertisements Column 1

Hawke's Bay Herald, Volume XXI, Issue 5072, 10 May 1878, Page 3

MB. W. L. COWARD'S SALEb. WAIPAWA. SATURDAY, MAY 11, 1878. MR< WILLIAM L. COWARI Will sell on the above date, in the nev Auction Room, "P 4 O T A T O E £ Onions Hams Bacon Butter Household Furniture Iron Bedsteads Drapery 1 Convertable Waggonette Saddles Horses &c, &c, &c. Sale at 2 p.m. 718 GRATEFUL— COMFORTING. I EPPS'S (BREAKFAST) COCOA. "T)Y a thorough knowledge of the natural 19 laws which govern the operations of '■- digestion and nutrition, and by a careful ap- ) plication of the fine properties of wellj selected cocoa, Mr Epps has provided our • breakfast tables with a delicately-flavored beverage which may save us many heavy doctors' bills. Itisbythejudicioususeof such articles of diet that a constitution may bo gradually built up until strong enough to resist every tendency to disease, Hundreds of subtle maladies are floating around us, ready to attack wherever there is a weak point. We may escape many a fatal shaft by keeping ourselves well fortified with pure blood and a properly nourished frame." — The Civil Service Gazette. Sold only in Packets labelled y JAMES EPPS & CO., Homoeopathic Chemists, London. 726 HAWKE'S BAY PHILOSOPHICAL INSTITUTE. "VTOTICE is hereby given to the Members _I\| of this Society, that the first Ordinary Meeting for this season will fee held in the Council Chamber on Monday next, the 13th inst, at 8 p.m.,— when papers by Members will be read. By the Rules, — "Each Member has the .privilege of introducing tioo Friends." WM. COLENSO, Hon. Secretary. Napier, May 9th, 1878., 714 NGARURORO BRIDGE AT OLIVE. AS Steam Engine is now being used in driving piles for the new Bridge, the travelling public are respectfully requested to use more care and lead their Horses past the Engine, in order to prevent accidents taking place. ANGUS M'KAY, Contractor. May 9, 1878. 725 THE COLONIAL INSURANCE COMPANY 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, 1 00, 000 shares. 2s 6d per share, payable on application ; 2s 6d upon allotment ; 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. Vioe-Chairman : The Hou Randall Johnson, M.L.G., Managing Director Northern Land and Loan Company. Jacob Joseph, Esq., Merchant. A. de B. Brandon, Esq., M.H.R., Local | Director Australian Mutual Provident Soci ety. 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. I A thoroughly competent and experienced ' General Manager will be appointed. * Bankers : The Bank op New Zealand. Secret a r . For organisation (and subsequently agent for Canterbury), Mr Fredk. 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, arc 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 ot strong insurance support, and being able to offer the public the guarantee of ample cash capital, with thorough security, will comVinence 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 following results, viz. :— That the method oi 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 bj large capital, security, and business. The companies hitherto formed have beer uniformly successful, and the rapid progress of the colony fully warrants the foundatior of a similar institution in its Capital City, The rates and general terms of business oi the Company will be similar to whatevei may be current from time to time, as th< insured will be enabled to participate as nearly as possible in proportion to the pronto derivable therefrom. It is not anticipated that any further calli *^ will be made. The applications for shares will w era sidered us received, and the Lists will b< closed in each province, at the discretion o the Directors. The Bank of New Zealand is now preparec io receive applications. 65<