Page 3 Advertisements Column 1

Otago Daily Times, Issue 8209, 14 June 1888, Page 3

municipal bonds and such like, but in \ authority was obtained to make advances way of mortgage, presumably with the objec increasing the productiveness of the mv ments. How far this policy has been succ ful will appear from the following exhibit eh ing the rates of interest realised during the three years :— 1884 ... .. 5, 6, 7 per cent. 18S5 ' ... ... 5, 0, 7 per cent. 1886 ... ... 4, 19, 9 per cent. " This rapid decrease is a matter which requ: careful attention, in view of the fact that rate assumed in the valuation of the liabilitie 4J per cent. " We are of opinion that the use of a 4J cent, rate in the valuation is indefensible, i only because the return on the invested fuud exhibiting a rapidly decreasing tendency, t because the proceeding is a violation of a mo obligation ou the part of the Governtne Clause 35 of' The Life Assurance Oompan Act 1873 of New Zealand' ruua thus:—' A company registered na aforesaid may ba wou up by the court, in accordance with " The Jo; Stock Companies Act I860," on the application one or more policyholders or shareholders. Up its being proved to the satisfaction of the cot that tho actual funds of the company are not a net cash value equal to its liabilities contai ing (as such) the net value of its policies accoi ing to the "combined experience" " actuaries'" rate of mortality, with interest 4 per cent, per annum.' " If a private office requires to hold 20s in tl pound to prove its solvency, why should tl Government Office be considered solvent wit say, 10s in the pound ? In our view not on should the attention of the English actuari have been drawn to the clause in the act quoti above (a step which does not appear to ha' been taken), but they should have been v structed to value at 4 per cent. "The divisible surplus has been allotted amon all policies in force at 31st December 1885 i proportion to tbe loading contributed since 301 June 1880 " (five mid a-half years, Mr Lorio). ' The effect of the method of distribution o aid and new policies will be seeu from the fo lowing comparison showing the rates per cen per annum of reversionary bonuses allotted t ihe two classes :— Rate per Case per Annum ou Age Sum Assured, at Entry. Policies I I'oliciei 5 Years in Force, j 15 Years in Forces. £ s. d. £ s. d. 20 2 8 0 13 8 30 1 11 5 '14 2 40 1 7 10 113 60 15 5 015 10 " A glance at these rates will be sufficient t onvince even the least observant that the prin iples acted upon will not be likely to, affori eneral satisfaction. " By a notification in the New Zealand Go ernment Guzette of Bth September last, vri bserve that the department has now embarkei l the tontine business. We presumo the neces ity for this new departure has also been demon trated by the failure of life offices in England he references to which form jo large a part ol he Btock-in-trade of the department. " We have said sufficient to show that we dis gree with much which the Government Insur nee Department has done. . . . ; If it wil schew shady practices, abandon its efforts t( reate alarm, and empl6y only legitimate efforti 3 secure business, it will not altogether fail tc valise the expectations of its foundera."— am, &c., ,; .... '.■ Murray Aston, • District Agent Mutual Life Associatioi of Australia. P. 55. —The following samplo of bonns paic i the first policy issued by the Govermneni ife Department may interest :— Sum aesuredj £300. age at entry, 29. Date ol )licy, ldti March 1870. Annualpremiiim, £5 188 escrlption, whole life. Total bonuses (reversionarj i 3!st December 1885), £54. M. A. Dunedin, 13th June 1888.—[Advt.] k/TAUD S. AND" KATIE MIDDLETON, The Cincinnati correspondent of tho New ork Spirit of the Times writes to that urnal as follows :— "Being in the neighbourhood of Chester •irk, Cincinnati's beautiful driving grounds, pon which have appeared most, if. not all, : the great horses of the day, it occurred to c, knowing that preparations were being ade for the coming spring trot, to enter. re did' so, and were soon in conversation ith the justly celebrated William W. Bair, le best-known horseman in : the United .ates, a gentleman who1 brought' but Maud , owned by William H. Vanderbilt; Katie iddleton, owned by B. C. Pate; St. Julien, id several more of the very best horses in ie country. . Said we to Mr Bair: 'In the anagement of horses, Mr Bair, must not a liner possess veterinary knowledge,, and iow what to prescribe for their ailments ?' r Bair replied: ' The horse has had in the ist as varied forms of treatment as man. when the horse is afflicted with such Iments as stiffness, bruises, cuts, &c, there but one article that should be used, and at is St. Jacobs oil, the Great German imedy. 1 know all about horses, have plied several remedies, and can say, witht fear of contradiction, that St. Jacobs is the only remedy to be relied on.' Mr lir being very busy, the scribe bade at courteous gentleman adieu, and drove 'ay."'- . For quality,. style, and price, Dixon's uerican Graphite Pencils are unequalled • any brand in the world. They are just rfect. ' W hen other watches cease to go, A nd worthless seem to thee, T he Waterbnry time will show Exact, and prove to be, . . • . B egardless of its trivial pride", •".' Beyond all others true;, ... . Useful, not showy, yet entice B espectful praise from you. : V ield homage, then,- where duo ! loT,LOWAY's PiLLS.-Wrongs made Right.—Every r that any bodily suffering is permitted to cohuc renders It more certain to become chronic or igeraus. Holloway's purifying, cooling, and engthening Pills 'a™ we" adapted, for any cgularity of the human body, and should be taken ien the stomach is disordered, the liver deranged. i kidneys inactive, the bowels torpid, or the brain iddled. With this medicine every invalid can re himßelf, and those who are weak' nnd (nfirm -ough imperfect digestion may maki themselves ong and stout by Holioway's excellent Pills. A v doses of them usually mitigate the most inful symptoms caused by undigested food, from lich they thoroughly free tho alimentary canal i completely restore its natural power and acn.—[Advt.] —44 LORILIKKI—FOB TEK TEETH AXD BaSiTH.— -i. ! drops of the liquid '• Florilins" sprinkled on a t looth-brneh produces i pleaeaat lather, which iroughly oleansei the ttith from nil p&rasitet impuiitiea, hardens the gums,-prevents tarf-ir ps decay, gives to the teath a peculiar pearly iteness, and a delightful fragrance to the breath, removes all unpleasant odour arising from deed teeth or tobacco-cmoke. " The Fragrant iriline," being composed in part of honey and Dot herbs, is delloim to the taste, and the •atJMt toi'flt dUooverv of f.he age. Price in 6d, of Chemists and Pertumen. .IVboleir.ln depot. 3* too a Blessing in Eveby Housb.—H.vo's Fhuit r.T,—^^A lady .writes: " Everythingi medicine or id, ceased, to act properly for at least three months ore I commenced taking it;. the little food I ild iiike generally punished me or returned. My i. was one of great suffering, so that I must have :c*mbed before long. To me and our family it 3 been a great earthly blessing." Cau'ion.—Legal hts aro protected in every civilised country Exilne each bottle and see that the capsule is marked Jno's Fruit Salt"; without it you have been imsed on by worthless imitations. Sold by all' amists.-[Advt.] late Advertisements. RANTED — House, Tablemaid, Housed ' T malo (hotel), Gem ml Servant (Us), Cook, .nndrcsß (£10). Cook, Baker, Shepherd.—Barratt's jency. ' uju RE PAIBS CHIMNEY done.— f! Apply John.Hamann, Jetty street.. ]4ju \ lib Transactions with Henry Benjamin, jL London Lean ?ocictri Manse straet, am be nduotcd by letter.—Box 298. Mj u RANTED, by Gentleman, FUBNISHED FT ROOSI or Two-roomed COTTAQK j hills eferred.—State terms, &c, Quiet, Times Office ' Mju I/I ONEY.—Cjisli advanced from £10 to Tj. £SOO, without delay; 10 per cent, interest.— enry Benjamin, Lonilou i-oan Society, Maiipe rcet. | ■ -. ■ . : . ljju no LET—Six-roomed House (Moniington, L 10s), four-roomed Houses (103), eight and 10 omed Houses.—Barrett's Agency i 4 DO LET, newly - erected eight-roomed VILLA. (London street). — For particulars ply John Brown,llllllieaU, London street. ' Hju n"~"6 l b"~~!t" To Let, Furnished, for n few Months (during the vuer's visit to England), (lie PRIVATK HKSIBHOB of JOHN L BUTTKEVVOTH, Heriot liow, jnedln.. ■"-• ' uju "MPOUNDBD, on JUNE 12, 1888, by - JOHN 0-KANT, for Trespass on his Paddock, Outram, one Bay HO lIS X j no visibU brand}, i!te spot under saddle; Owno;* unknown; no mnges; and if not Claimed and Expanses Paid il be SOLD' on JUNI3 27,1833, at the Public mnd, at Ouiram, at 12 o'clock noori, ju J. SNOW, I'ouodkeeper, Outram. Wantedsißh auvertlsemontß under this head, not erceedino sixteen words, will be chaiged SIXPKKOB. If charged to account, DO VIiIM KATB. RANTED, imtnediiitelv, experienced r ? GOVKKNES3, Music—Addiess V., 1/vlfcein Times, Timara. - . " i3j u JfTANTED, Working PARTNER, with f V Capital, joiu advertiser in the Manufacturs Agricultiirrtl implements; new and improved inciplea.—Letter to W.H.J.H., oflico of this paper. 12jii HIT ANTED, a HOUSE oS seven or eight fT • rooms convenient to #vt Office.—W. anc .Xumbull. ' ' 13ji