Page 3 Advertisements Column 4

Oamaru Mail, Volume II, Issue 380, 12 July 1877, Page 3

¥m SALE A&B TO LET rjp 0 L E T FOUR-ROOMED STONE HOUSE in Tees-street, presently occupied by Mr. A. F. Parker. Apply to J OSEI'IT M 11» A MS, 31.5 Solicitor. rg~l 0 LET, That SHOP lately occupied by W. Jamieson. Apply to 311 GEORGE SUMPTER. O LET About 100 ACRES of Good AGRICULTURAL LAND, within two miles of Railway Station. Apply to 114 GEORGE SUMPTER, O W LANDING, Ex Mera, from Newcastle, BEST AA COMPANY'S COALS, At Lowest Price. H. AITKEN. 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 _f< *l- - viz., 2s. 6d. per share on application ; 2s. 6d. on allotment ; and six further calls of 2s. (jd. ea >li at intervals , of four months. PROVISIONAL DIRECTORS. 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. Hascal, Esq. (Messrs. Miles, Ilassal, and Co.) John Inglis, Esq. (Messrs. Matheson's Agency) W. Montgomery, Esq., M. H.II. H. P. Murray-Aynsley, Esq., M.11.1t. (Messrs. Miles, Hassal, and Co.) J. Palmer, Esq. (Chief Oiiicer Union Bank of Australia) The Hon. J. T. Peacock, M.L.C. W. Reeves, Esq. G. G. Stead, iusq. (Messrs. Royse, Stead, and Co.) John Studholme, Esq. W. D. Wood, Esq. (Messrs. AVood, Shand, and Co.)

BANKKUS: Union Bank of Australia. SOLICITORS : Messrs. Hanmer and Harper. THIS Company is organised in 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 tillering 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 insuran* e business. One of the most important con-iderations 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, 'i lie large proportion of substantial buildings now being erected may also 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 power! ul 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 local 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 accordance with 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. 'J he Directors intend to secure the services of a thoroughly experienced and competent General Mauager for the Company. Copies of the prospectus and forms of applicatioiis 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 ea the 15th August, 287