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EOYAL INSURANCE COMPANY. ■SECURITY Should be the First Consideration in Insurance Transactions. THE Directors of the ROYAL INSURANCE COMPANY have the pleasure of supplying the following information to the public, as evidence of the ample security they aflord to their assurers:— • ■ ■■■■■_ THE CAPITAL of the Company, available for the purpose of meeting any unusual calamity happening to the Assured, is TWO MILLIONS STERLING. The amount actually paid up is £288,495- This, with the Accumulated FluidsJto Hand; t make, the invested resources of the Company upwards of ONE MILLION SIX HUNDRED THOUSAND POUNDS which amount is invested as follows: — ' INVESTED FUNDS OF THE ROYAL INSURANCE COMPANY, 30th Jttnb, 1869. Real Property owned by the Company *2H'«s™ a Mortgages on Freehold Property....... 33,500 0 0 £30,000 Reduced 3 per Cent. Consols •••■• 28,085 13 India Government 5 per Cent. Debentures ■ ■ 5X ,2 » v English Railway Debenture Bonds .............. ...........;. 59,090 17 7 First-class English Railway Preference and Guaranteed 5t0ck5:....'.....;. 1111 ■ Loans to Local Authorities of various Towns in Great Britain, who have obtained the sanction of the Secretary of State to borrow the amounts... 145,560 12 6 Bondß of the Mersey Docks and Harbor Board 62,34114 8 Bonds of the British and Irish Magnetic Telegraph Company 10,000 0 0 Bonds of the Liverpool Corporation... '. 5,160 0 0 United States Government Stocks 101,330 7 10 Canada Bonds and Canada Dominion 5t0ck......... 31,105 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 5 £1,672,856 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 differenteperiods, in the hands of the Bankers and the Company's Agents. At 3lst Dec, 1868, these stood at £168,089 2 0 For the satisfaction of the Public, the whole of the securities belonging to the Company are annually submitted to the carefnl scrutiny of two independent Auditors, and the following i» an Extract from their Report to the last Annual meeting :— "The whole of your Books have been Audited—every Document, every Account, every Voucher, your Bank Book, and every Security—all have been moat carefully kept, and there ii not one doubtful Security in the whole." . THE ACCUMULATIONS OF THE LIFE DEPARTMENT, Afterpayment of Losses, Annuities, and Expenses of every description, have been v follow*:— Funds in hand at the last Quinquennial Valuation, 31st December, 1864, £621,434 15 5 Added to 31st December, 1865 ... . . . • 103,146 7 3 1866 . . . . . . . 124,165 7 5 1867 ..... . . 128,583 510 ;; ;; ;; lses . . ..... 144,94512 2 Total Accumulation of the Life Department on 31st December, 1868, —: —-' ', . : , exclusire of Shaieholders*'Capital .. . ~• ; - • &'12??! 6 | t V THE DIRECTORS ALSO THIBTSt IT DESIBABLE TO STATE THAT THE BUSINESS OF THE EOYAL HAS NEVER BEEN AMALGAMATED WITH THAT OF ANY OTHER COMPANY, And that the LIABILITY of its Shw^trt > UNLIMITED. 1778 ApntforNiUoß,

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https://paperspast.natlib.govt.nz/newspapers/TC18691217.2.22.1

Bibliographic details

Colonist, Volume XII, Issue 1276, 17 December 1869, Page 4

Word Count
488

Page 4 Advertisements Column 1 Colonist, Volume XII, Issue 1276, 17 December 1869, Page 4

Page 4 Advertisements Column 1 Colonist, Volume XII, Issue 1276, 17 December 1869, Page 4