Page 1 Advertisements Column 6

New Zealand Herald, Volume XIV, Issue 4899, 30 July 1877, Page 1

Public Companies. now quoted rt t £7 10s. and a new issno allotted to shareholder, on which €2 10s has been paid up solely out. of reserve fund. f.re quoted :»t £3 10i, making the total market value of the origina sharos £11, or a premium of 120 per cent. In connection with this, it is a fact that tho profit* shown to have been made in Messrs. Guthrie and Larnach s business for t!ie same period considerably exceed that made by the Union Company in proportion to tho capital invested ; so that tho promoters have pood reasons for believing that not only will large dividends bo paid regularly by tho Company, but that its stock will at onco becomo a ranch soughtafter and favourable investment. Mr. Guthrie has consented to he fully idsntifled with the business for a number of years a* Managing Director. Mr. Guthrie's practical skill and Ions? ixpoMenco in the trade are well known; the high po-ition to which tho firm has attained under hU management indicates tho measure of prosperity which may reasonably he oxpected in tho future ; and a proof of Mr. Guthrie and his partner's faith in the future prospects of tho conccrn, they arc willing to hold one-fifth each, or equal to two-flffba of the entire capital on their own private account, purchased in fully paid-up shares. And as a furthc/ proof of their confidence in tho futuro prospect* of the Company, they have decided t--> guarantee that tho Company's net profits for tho flrrt three years not be less than 10 per cent. per annum on the actual capital for tho time being employed in the business, or equal to a sum of about £57,0C0 to bo paid to the shareholders within three years. They expect and believe that tho profits will considerably exceed this rate, but investors will by this mean* know the rate of their minimum profit". By way of further securing the observance of tho guarantee, the firm h tve agreed to deposit with tho Directors of the Company scrip of the Company durfne the first year of tho vatno of £50,000, during the second year of and during the third year of £25,000, and to execute a legal charge upon tho samn in favour of the Companv. Intending shareholders may", therefore, re=t assured ' that no nioro legitimate or remunerative outlet for capl'al, or one presenting better or more extensivo future prospects, has ever been offered in Xcw Zea- i land. 1 The reasons which have induced Messrs. Guthrie I and Larnach to take this step are— Ist. That their term of partnership expires by effluxion of time in the course at a t- w month*, when It is the intention of one of the partners to retire active, business. 2nd. That the plant, machinery, and general appliances of the firm are now of a character which opens iij) a largely extended and extremely profitable trade, which, however, calls for the employment of an extended capital. The valuation of the freehold and leasehold lands, wPh full particulars as to amount of capital employed and net profits realised during the Ust four and a half years, taken from the firm's book-, and certified by Messrs. A. \V. Morris. C. 11. Street, and Edmund ; Smith, valuators and auditors, together with a copy of I the agreement entered into with the firm by the Provisional Directors, may be obtained bj' bona fide intending investors from the Brokers '1 he Share List will close on TUESDAY", the 31st July, at 4 p.m., and, in making the allotment the Provisional Directors wi'l consider the order in which applications have been made. Forms of applications for 3hares can be obtained at the offices of Messrs. Gut'irie and Larnach, of Messrs. Cornell and Moodio, or J. B. Bndshaw, Brokers, Dunedin ■, or o' Saunders, Esq., Auckl&nd, who Is authorised to receive applications for shares. PROSPECTUS THE UNION FIKE AND MARINE INSURANCE COMPANY NEW ZEALAND. capitalTWO MILLION POUNDS STERLING, IN 100,000 SHARES OF £20 EACH, On which it is proposed to call up one pound per Share as follows, viz., 2s Cd per i-hnrn on application. 2s fld on allotment, and sir further calls of 2s 6J each at intervals of Four Month*. Provisional Directors. I John Anderson, Esq. J \v. D. Carruther*, t'sq. 'General Manager New Zea- j land Tru-t and Loan Company). John Connal, Ejq. (M< ssr3. Edwards. Bennett and ' Co.). P. Cunningham, Esq. (Messr3. P. Cunningham and Co.). Andrew Duncan, Esq. (Mes*rs Duncan and Son). J. J. Flotchnr, k*cq (Mocar«. Kclande.rs. Fletcher, and J. llarper, Esq., M.H.R. (Messrs. IJanmer and Harper). T. M. Havsal, f'sq. (Messrs. Miles, Ffassal and Co.). John Ingle', Esq. (Messrs. Matheson's Agency). W. Montgomery, Esq., M.H.R. IT. P. Murray-A j nsley, Esq., M.H.R. (Messrs. Milts, Tlassal and Co.h J. Palmer, Esq. (Chief OHlcer Union Bank of Australia). Tho Hon. J. T. Peieoek, M.L.C. AV. Reeves, Fsq. G. G. stead, Esq. (Messrs. Royso, Stosd and Co.). John Studholmc. Esq. AY. D. "Wood, Esq. {Messrs. Wood, Shand atid Co.). PROVISIONAL DIRECTORS FOR DUNEDIN. Tho Hon Robert Campbell T. T. Graham, Esq. j T. M. Kempthorne, Esq. I Hugh McNeill, Esq. ! PROVISION \L DIRECTORS FOR NAPIER, ! HAWKE'S BAY. Tho nndernoted gentlemen are appointed Pro- j visional Directors of tho Union Fire and Marine Insurance Company at Napier ilawke's Bay :— M. R. Miller, Esq. R. Stuart Esq. J. AV. William'. Esq. PROVISIONAL DIRECTORS FOR AVELLI.VGT« »N. W. TM. Bannatvno, Esq. F. A, KruM, E*q. W. J. Nathan, E--q. The following PROVISIONAL DIRECTORS IN* AUCKLAND Will adviso In the ALLOTMENT OF SHARES: J. Chamber*, Esq. (Messrs. E. Portor and Co.). 1). B. Crnickslnnk, Esq. (Messrs. Cruickehank and C.x). J. Y. Stevenson, Esq. (Messr'. Archd. Clark and Sons). B. Tonks, Esq. (Mo«srs. B. Tonks and Co.). Bankers: UNION BANK OF AUSTRALIA. Solicitors : Messrs Hanmcr and Harper. Copies of the prospectus and forms of applications for shares, may he obtained at any of the branches of the Union Bank of Au-tralia throughout New Zealand, where applications f -r shares, accompanied by a dep sit of 2s Gd pur share, can now he male. All applications will be forwarded to Christchure.h as re-c-ivcd. The share list will close on tho 15th August. Broker for Auckland— ALEXANDER, SAUNDERS, ESQ., No. 2 Jnjurancc Buildings. gODT H BRITISH INSURANCE COMPANV. CAPITAL, £1,000,000. Buildings of every description and Contents lusured. Wool from Sheep's Back or Shipping Port to I.cndon. Vessels, Freight, Id, Grain, Gum, and Cargoes pcnerally Insured to and from London, the Colonics, \merica, China, Mauritius, tbo Islands, &c. Lowest Rates. Head Oftice, Auckland. A. BOA RDM AN, M»:i:ar. mI i E TRANS AT LAN TLC F1 UE I.N----JL SURANCK COMPANY OF HAMIiURG. (Revised)—£22o,ooo, in 3.0(H) Shares. Cavitat, PaU'-ui' anp Eu.np ( Kovir.vlV u2/>7,000. i»,\NKK!;r> IN TUB Coi.dnv : KANK OF NEW ZEALAND. £5" All Clr.imn S'ltled in the Colony Without 'M iy. 21 KA i> OrFifK : ciiRL-.TcnuK.cn. new Zealand. AUCKLAND AGENT—I LE X. S A V N J>E P. b No. 0, ISHUUANCK Builpinor, Qukks-mv TJjis t'ompany having opened Agencies throughout tho Colony is prepared to accept FJre Risks on ev;;ry description of Projjeity, at tho Lowest Current Fohkiox Aofn'-ik^. —Bombay, Calcutta, Rangoon, Bangkok, Saigon. °cnang, Singapore, Hour Kong, Shanghai, llibgo, Nagasaki, Manilla, Batnvia,S.imarang, Mae»ssar, Aloxandrien, Krauci.sco, Mexico. Panama, Buenos Ayres, Monte Video, Porto Alegro, Rlc do Janeiro, Bahia,. Pernambuco, Havannn, St. Thomas, Aqur.dilla, Mayaqunz, Ponco, Kingston, Jamaica, Honolulu, Lovuka, Sydney, .Melbourne, Adelaide, Bi'.'hanc. Aciknc:ij-:s in the Colonij-.s. Auckland .. Alex. .Saunders, Esq. Dunedin .. 11. T. Bowman, Esq. V.'edington .. Messrs. Whitiem, Nlchoison & Co. lnviTeargill .. Messrs. R. Tapper and Co. Wauganul .. George J. Scott. Esq. 11. l-'l) RUM ANN, General Agont.