Page 1 Advertisements Column 2

Southland Times, Issue 1208, 11 February 1870, Page 1

Mercantile and Insurance Companies. -pOYAL INSUEANCE COMPANY. SECURITY Should be the First Consideration in Insurance ' Transactions. The Directors of the Royal Insurance Com- j pany have the pleasure of supplying the following information to the public, as evidence of the ample security they afford to their assurers : — THE CAPITAL Of the Company, available for the purpose of meeting any unusual calamity happening to be Assured, is TWO MILLIONS STERLING. Th c amount actually paid up is £288,495. This, j with the Accumulated Funds in hand, makes the ; invested resources of the Company upwards of ONE MHXiION SIX JHDTDEKD THOUSAND BOUNDS, whictiamount is in^tedja Ibllows^— *. •- : . - . . r INVESTED FUNDS OF THE ROYAL INSURANCE COMPANY, 30th June, 1869. Real property owned by the Company.... £219,571 11 3 Mortgages on Freehold Property 33,500 0 0 £30,000 Reduced 3 per cent: C0n5015........ 28,085 1 3 India Government 5 per cent. Debentures 100,000 0 0 English Railway Debenture Bonds 59,090 17 7 First-class English Railway Preference and Guaranteed , Stocks 335,476 11 11 I Loans to Local Authorities of various towns in Great Britain, who have obtained the sanction j of the Secretary of State to borrow the amounts... 145,560 12 6 Bonds of the Mersey Docks and Harbor Board 62,34114 8 Bonds of the British and Irish Magnetic Telegraph Co 10,000 0 0 Bonds of the Liverpool Corporation ... 5,160 O 0 United States Government Stocks 101,330 7 10 Canada Bonds and Canada • Dominion Stock. 31,106 11 6 Short Loans on first-class English Dividend-paying Stocks with margins from 20 to 50 per cent on market values 477,195 0 0 Loans on Security of Life Policies..... 63,938 8 6 j £1,672,356 16 11 The Above is a complete list of the Investments of the Company at the date specified, in addition to -which the funds are still further increased by amounts constantly varying at different periods in the hands of the Bankers and the Company's Agents. At 31st December, 1868, these stoodat £168,089 2 0 For the satisfaction of the public, the whole of the securities belonging to the Company are annually submitted to the careful scrutiny of two independent Auditors, and the following is an. Extract from their Report to the last Annual J Meeting :— " The whole of your Books have been audited — every Document! every Account, every Voucher, your Bankbook, and every Security — all have been most carefully kept, and there is not one doubtful security in the whole." THE ACCUMULATIONS OF THE LIFE DEPARTMENT, After payment of Losses, Annuities, and Expenses of every description, have been as follows: — Funds in hand at the last Quinquennial Valuation, 31st Dec, 1864 £621,434 15 5 Added to 31st Dec, 1865 103,146 7 3 18fi6 124,165 7 5 „ 1867 128,583 5 10 „ 1868 144,945 12 2 Total Accumulation of the Life Department on 31st Dec., 1868, exclusive of Shareholders' Capital £1,122,275 8 1 The Directors also think it desirable to state that the business of the Royal has never been amalgamated with that of any other Company, and that the Liability of its Shareholders is unlimited. The bonuses added to Life Policies in this Company, under their participation tables have averaged TWO PER CENT. PER ANNUM on the amount insured. Licenses for the voyage between Europe and these Colonies, and vice versa, are now granted by this Company free of charge to the assured. I FIRE INSURANCES AT LOWEST CURRENT RATES. Claims are settled promptly in the Colony, without reference to England. I For details of information on all points, see the Company's Almanac, to be had of the agents. 'HENDERSON, LAW & CO., j Dunedin. i Or J. STOCK & CO., I Invercargill. mHE LIVERPOOL AND LONDON AND -*• GLOBE INSURANCE COMPANY. Fob Fibb Lots, and Annuities. Invested Funds £3,200,000. The undersigned continues to issue Policies for Fire and life Insurance. Prospectuses and every information can be ob tamed from THOMAS BRODRICK, Agent for Southl&nd -VTEW ZEALAND INSURANCE COMPANY FOR FIRE, MARINE, AND GENERAL ! INSURANCE. S Capital, £250,000. I With Unlimited Liability of the Shareholders, j Policies are issued and claims settled in Inver- ; cargill, without reference elsewhere. | Agents for Southland : WILLIAM RUSSELL, Solicitob, I INVERCARGILL . | j Office : — Don-street, opposite Prince of Wales j Hotel; PETER GRANT, RIVERTON ; SAMUEL NICHOL, BLUFF HARBOR.