Page 8 Advertisements Column 6

Otago Daily Times, Issue 127, 12 April 1862, Page 8

Public Company. ■ T II O SI 1 X 0 T US OF THE OTAGO HUE AKD AI'AHINE liNSUKAKCE OOili'ANY, TO BE Incorporated by Act of the General Assembly of New Zealand. CAPITAL, £100,000, in '20,000 Shares of £5 each, with power to iuor«*s« to £250,000. Temporary Offices, Stafford Chambers, corner »f Stafford'and. Manse-streets, DuiiuJin. PIIOVISIONA L~~C OM1IIITEE," With power to add to their number : Tups: Kick, Ksq., M. 11.11. E. 13. (JAKGILL, JfciSQ., AL.1 J.C. JAS. KILU'iUK, lisQ., M.Jf.U. - W. H. UITTTH.V,-IiSQ., U.U.Ii. John Jones, Jisq. : , Wm. (Jakk l'ouxvo, Esq., J.P. It. B. iMahtin, JisjQ. . •Adoli'ji Jbiisu, Jisq. (Turnbull, Bing, & Co.) : ,A. M"JjEOI>, Ji^Q. . , J as. KATTitAY, iisQ. (Dalgctty, Eattray, & Co.) ILKNUX UIiIVKR, iiSQ. Uiias. K. iiiuu, Jiaq. (Jones, Bird, ie Co.) -.; Alfiiev (Jlevb, Ksq. (Oleve & Uo.) \Y. IUWLWS, iisQ. J. U. CAMPBJvIiL, iiSQ. W. W. Tickle, Ksq. : Alex. Cujiminh, iisQ. K. i)B Uahlis, JitQ. . 11. Fables, Ksq. ■ bankers: .-,-■ , ' BANK OFKEW ZEALAND. : ■■ solicitor: S. M. SOUTH. ;sECRETAnv : .. MR. JAMES. W..HAY. ' ;

. HHE rapid increase of population, consequent upon JL the iullux of people to this .Province,, through the discovery of tlie tfold Fields, has necessarily caused the erection of a vast number of; buildings, and has also increased the stocks of merchandise to a degree hitherto unparalleled in the city of Dunedin. lN otwithstauding this rapid increase of valuable property—thereby causing an enormous' outlay of capital —110 facilities have, been afforded, further than those existing previous to the discovery of tho Gold Fields, so as to enable merchants and others to secure themselves against loss by flre ; and it may be safely stated that the existing insurance Offices in Dunedin have not the power to insure one-tenth of the 'property in this city. At the same time, owing to the crowded' state of some portions of l)unedin, and the total want of proper appliances for the extinguishing of fires, great anxiety is universally felt, so much so that every person would be glad to insure, and be willing to pay' such rates as must handsomely remunerate an insurance Company. -'.<--•' ' ■ "' / ".',"'•."•

Without going into statistical details, it will b&patent to the minds of all observers that there is at: present in Dunedin property worth:immense sums of money, insured at a rate totally inconsistent with its actual value, to say nothing, of the many houses uninsured, through the present Fire Agents having no power to increase the number of their.policies-^a' re-.: suit consequent upon the exhaustion of the amount of capital which the European and Australasian Companies have authorised them to invest here.' > Under these circumstances, it is proposed to form a Company under the above title, for the purpose of, insuring against losses by fixe, with a! capital of one: hundred thousand pounds, in twenty thousand shares of five pounds each, power being reserved by 'the, Act of Incorporation, to increase the amount of capi-

tal to two hundred and fifty thousand pounds,'/two shillings and.sixpence per share, to be paid as deposit upon application for shares ; arid assoon as one half of the number of shares are allotted, the Act of Incorporation will be applied for. Until alter the passing of such Act, no further call will be made, and then only after due notice, at intervals of one month, and in sums not exceeding five shillings per share. The experience derived from the operations of other fnsurauce Companies, warrants the belief that not more; than;los. or 15s. per share will ever be required to be paid up. ■ ••■'- ■ '.'■ ' Judging from the unprecedented dividends declared by Companies established through the influence: of; Colonial Capital in Victoria, and which companies commenced operations at a: period when mqst of. the buildings insured were wooden erections, and when no greater facilities for extinguishing fires existed there than here, it may be safely presumed that dividends equally high will be declared by the proposed Company. As an instance take the prosperity of the Victoria Fireaud Marine Insurance Company in Melbourne, which has already returned its original Capital to the Shareholders, in addition to upwards of .13 per cent, per annum, by way of divideiid'arid bonus. It is the intention of the Company when established to treat liberally with all proposals for insurance. From the foregoing statement of i'acts, the Provisional Committee feel assured that there can be no ■.loubt as to,the success of the.company :in''realizing ilividends proportionate in amount to those obtained in Victoria. . . . ' ■

Applications- for shares . will be received at the Company's temporary offices, Stafford Chambers, corner of. Stafford and: Manse-streets, Dunedin,: on and after the 7th, April, 1802, where forms of application may be obtained. : Dus notice will be given of th? period of the first allotment. '■■..-. ■;.• • ' •■ : By order, JAMES W. HAY, : ■■ ./■■.'.'■■ Secretary : ■' :

Tendersf jHENDERS WANTED by' Monday, I4th instant," JL1- for Buildinsr (labor and materials) Four Shops and Suits of Oliiees, corner of Jetty and Princes streets, for Messrs. EDe Curie and Co. Plans and specifications after Thursday, at my office, between bank of New South Wales ami the Cutting. • ■ R. C. LUSOOMBE, Architect TO PAINTERS, DECORATERS, kc. &c. rriHß Undersigned have for sale, —Wold Mouldings, L various length from j inch upwards. '..:.. J. Dauwtnt & Co., - Stafford-street. TENDERS WANTED. HRENDERS WANTED (labor and material) for JL the erection of a llou<-e in Maitlaml-s,trei.t. Plans and specifications may be seen on application to Mr. Clu-istie, at the Calidoriian Hotel, Wai--ker-street, with whom Tenders are to bo lodged on or before Tuesday the 15th instant. /^(HEAP Building Land to let, adjoining Blanche \J Cottage, St. Andrew-street. rnO'LET for One Year, the Cottage Residence of X Mr. Thomas Calcutt, Pelicliet Bay, containing Six Rooms, with a good garden. There is a quantity jf firewood on tlie ground, and a stable would be erected if required, for a consideration. Rent at present, £120 per annum. Quarter in advance, or approved references. Apply at Mr. Jenkins' house, next dooron Alnaiiy.street; v/ho will sliow the pieini&e-,. Further parciculars of the Proprietor. The neighbomliood is "unexceptionable for a quiet residence. ' TO LET. rriHE Lease o*f 54.feet frontage to Maclagßan-street, X in a first-class situation, also — . Two Cottages, in good localities.' Apply toT UIIISIiOLM & ADAMS, House/ Land, Estate, Shipping, and Commission, Ageuts. No. 1, Flinders-laiie, : Dunedin. T I M B E R. TinHE Undersigned are prepared to receive and exI ecute orders for KAU R I TIM B E R-, Of all description."!, including feather-edged weather boards, tongued and grooved flooring, ie, ftoni the Ooromandel, Manuknu, or Auckland Steam Mills of Messrs. Roe and Shalders, the quality of whose timbrr is now well known in this market. Frederick Moss & Co.