Page 3 Advertisements Column 4

Oamaru Mail, Volume II, Issue 379, 11 July 1877, Page 3

FOR SALE AND TO LET About 100 ACRES of Good AGRICULTURAL LAND, within two miles of Railway Station. Apply to . 114 GEORGE SUMPTER. IHE UNDERSIGNED are daily ex pecting, per Roderick Dhu, — 200 TONS SCOTCH COAL. We are also landing, ex Isabella Anderson and Palmerston, — 100,000 FEET RED PINE AND KAURI, all sizes.

C. GALBRAITH AND CO. 0 W LANDING. Ex Mera, from Newcastle, BEST AA COMPANY'S COALS, At Lowest Price. H. AITKEN. PROSPECTUS PROSPECTUS OF THE UNION FIRE AND MARINE INSURANCE COMPANY OF NEW ZEALAND. ■';. Capital, £2,000,000 Sterling, In 100,000 Shares, of £2O each, on which it is proposed to call up £1 per share, as follows, viz., 2s. 6d. per share on application; 2s. Gd. on allotment ; and six further calls of 2s. 6'd. eaih at intervals, of four months.

PROVISIONAL DIRKCTOES. John Anderson, Esq, W. D. Carruthers, Esq. (General Manager New Zealand Trust and Loan Company) John Connal, Esq. (Messrs. Edwards, Bennett, and Co.) P. Cunningham, Esq. (Messrs. P. Cunningham and Co.) Andrew Duncan, Esq. (Messrs. Duncan and Son) J. J. Fletcher, Esq. (Messrs. Sclanders, Fletcher, and Co.) L. Harper, Esq., M.H.E. (Messrs. Hanmer and Harper) T. M. Hassal, Esq. (Messrs. Miles, Hassal, and Co.) John Inglis, Esq. (Messrs. Matheson's Agency) W. Montgomery, Esq., M.H.R, 5 . Murray- Aynsley, Esq., M.H.R. (Messrs. Miles, Hassal, and Co.) J. Palmer, Esq. (Chief Officer Union Bank of Australia) The Hon. J. T. Peacock, M.L.C. YV. Reeves, Esq. G. G. Stead, Esq. (Messrs. Royse, Stead, and Co.) John Studholme, Esq. W. D. Wood, Esq. (Messrs. Wood, Shand, and Co.) Union Bank of Australia. Messrs. Hanmer and Harper.

THIS Company is organised m response to the wish of a large number of Capitalists, Merchants, and others, who have already promised a considerable amount of support, and with the intent of offering to the general body of the public a further opportunity of becoming, as far as possible, their own insurers. The increase of insurable property in this Colony has been so rapid that there is, in the opinion of the promoters, ample scope for the operations of another Company. The Fire and Marine Insurance Companies already formed have met with such great and unvarying success, that it is unnecessary to refer to the profitable nature of such undertakings ; but it may be pointed out that this Colony is subject to natural conditions singularly favourable to insurant e business. One of the most important considerations involved is the distribution of risks, which is here secured through the division of population, and, consequently, of insurable property amongst numerous centres as yet but sparsely occupied. The large proportion of substantial buildings now being erected may a!so be noted as a feature favorable to the limitation of risks in this enterprise. One of the most profitable branches of Marine Insurance is in interprovincial and intercolonial business, a large proportion of which the promoters have reason to rely upon. In the allotment of shares the Provisional Directors will endeavour to secure an equitable distribution throughout the Colony, so as. to combine a poweriul association of investors for the security of the assured, together with persons likely to influence business. Agencies will be opened throughout the Colony as . speedily as possible, and loeal Directors appointed. The Chief Office is established at Christchurch. The following gentlemen will hold office as Directors until the first annual meeting, when they will retire in aecordanccwith the articles of Association :—Messrs. J. Studholme, W. Reeves, T. M. Hassal, J. Palmer, J. T. Peacock, W. Montgomery, G. G-. Stead, and W. D. Carruthers. The Directors intend to secure the services of a thoroughly experienced and competent General Manager for the Company. Copies of the prospectus and forms of applications for shares may be obtained at any of the branches of the Union Bank of Australia throughout New Zealand, where applications for shares, accompanied by a deposit of 2s. 6d. per share can now be made. All applications will be forwarded to Christchnrch as received. The share list will close on the 15th August. 287