Page 3 Advertisements Column 2

Thames Star, Volume VI, Issue 1781, 17 September 1874, Page 3

f -.■■■■ * A.0.% H'; COURT PRIDE O*VPARNELL, 4409. ' rf^wllliifew ITIHE QU AJITERLY WssSBHP ■*■ '' MBBTjaf.G- °* *° S^^fra^^^k above Court will be held in TIR:TH3mkI tho Mason'° Hall > Queen I sftilsllfn*rc»l B^rcet» Grabamstown, THI3 ]g^^W^i (THURSDAY) EVENING-, September 17, at 7.30 o'clock p.m. Business—To consider Anniversary. Chas. Ahihb, Secretary TUESDAY, 22nd SEPTEMBER, At 12 o'clock. VALUABLE CRUSHING PLANT, ENGINE, BOILER, &c. T AMES CRAIG has been favored with instructions from the Directors of the Shotover No. 1 Goldmining Company to sell by Public Auction, at the Company's Mine, Kuranui Creek, Grahamstown, on above date, all their Valuable Plant, consisting of— 12-STAMPER BATTERY, complete < 1 Fair Horizontal Engines, 16 h.p. nominal 1 Cornish Boiler 15-6 x 4-S 400 feet 8-inch Piping, with door piece?/ plunger pole and barrel, stuffing, box, &c. ; 1 Large Avery'a Weighing Machine 1 ,i Set Gold Scales . Battery and .Engine House, and a - quantity of material as per inventory to be seen at the office of the Auctioneer, Albert-street. Terms Cash. f7502 NEW ZEALAND INSURANCE COMPANY. : Establishbd 1859. TN consequence of the extension of the business of X this Company, and the numerous applications which have been made by the Public to-increase the Capital and to widen its operations by the issue of new Shares, and thereby increase the. number of shareholders, an,Extraordinary:Meeting Of Shareholders was held on the 9th instant, when the Com- ( pany 'resolved to increase the Capital to One Million Pounds, by the creation of 100,000 shares of £10 each. Of these Shares it has been determined to offer 50,000 to the public, the remaining 50,000 shares to be allotted to the present shareholders in exchange for their interest in the Company. The present Proprietors thus offer one-half of the Company's interest, for sale.' ■'■'.':'" ■ The Shares, now offered to the public are of £10 each/of which £2 is'to be paid up ; they will be" sold at £4 10s each, or Fifty shillings premium, payable as foflows:— £0 10 0 per share on application. £1 0 0 „ on allotment. £10 0 „ on 31st May, 1875. £10 0 „ on 30th November, 1875. £10 0 „ on 31st May, 1876. ■ £4 10 0 One half of the" sums to be paid from time to time will be credited to Capital, excepting the last payment, when 5s will go. to the Capital, thus making the complete payment to Capital Account of £2 per share. : ; - ; . . Any sums-received on account of Capital before' the 30th November, next will be credited with interest at the rate of 10 per cent, per annum from the date of allotment to that date, .and from that date they will carry full dividend rate,, and- participate in all the future advantages accruing in proportion to .the amount of capital paid. Any Shareholder may prepay his instalments, and thereupon his. prepayments, after 30tlr November next, will carry full dividend rate from date of payment. In.'case; of. default being made in payment of any instalment, the-Directors to have full power ;to forfeit any shares in respect' of which such default is made, and to sell or otherwise dispose of them', as they think fit. ; To ensure a general distribution, the 50,000 shares now offered will be divided as follows :—Auckland, 15,000 ; Dunedin, 10,000 ; Christchurch, 7000; Wellington, 6000 ; Nelson, 2000; Taranaki, 10QO; Napier, 2000 ; Westland, 1000; Wanganui, 1000; reserved for' the Australian Colonies, 5000; and the Directors reserve the right not to allot to any of the places named any greater number than that allowed to each place. „.-„ .... - v '..,. _....,,-.-. ..- '•_;.- .... The applications for Shares will be considered and; allotted in order of date of application. -The Directors'.' do not bind themselves to allot any Shares to any person they may consider not eligible as a Shareholder, and they may return the application money to such applicant. The present Proprietors will thus receive 50,000 Shares of £2 each, represented by the present paid-up Capital of the Company; the present Ke-Insu-rance Fund of £40,000 will belong 1 to the New Account, to begin from 30th November next, in which the new Shareholders will participate in proportion to the Capital paid up. The new Shareholders' payments of £2 per Share of Capital will make the Paid-up Capital £200,000; the Company will then stand with a Subscribed Capital of £1,000,000, with £200,000 paid-up, and a Re-Insurance Fund of £40,000. The Premium on the new shares, and all the funds and property of the Company as it now exists, over and above the present paid-up Capital of £500,000 and the £40,000 Re-Insurance Fund, will belong to and be divisible among the old Shareholders, The steady progress which this Company has made is AVQII known, The original amount paid, by the first Shareholders, was £4,845, an additional issue of new shares was made in 1862, and £3,372 was theii capitalised, making in all £8,227. The Capital now stands at £100,000, ;it having grown to this amount from time to time out of' profits. In addition to this, and out of profits" also, a Re-Insurance Fund of £40,000, and a Reserve Fund of £85,000, have been added to the Company's assets. And, during the whole period of the Company's existence, the Shareholders have received dividends at the rate of 10 per cent, per annum, and the amount paid in dividends has been £72,171. Losses amounting to nearly half a million have occurred since the commencement of business, and have invariably been promptly met. The amount of accumulated funds belonging to the Company, and invested, now stands at £214,000. The investments consist of Real Property, Mortgages, Bank';' Loan Company, Gas, and other Shares, City Debentures, &c. >.<-■■ '. The interest accruing fl'om these investments would pay on the proposed increased Capital of £200,000, a rate of interest to the Shareholders equal to 7J P. 9S 1 cent., that is to say if .all the premiums were \ost the Company would be able to declare g, dividend of 1\ per cent, from the present invested accumulations; whereas, the invested funds, when the present plan is carried p.vii, will begin with £240,000. Applications, • accompanied by; the* payment of 10s. ion each'share applied' for, must be made on the., annexed form, and, forwarded to the Agents of $aj§ Company, or to the Manager of the Heart Office^ Auckland, on ©r before the 10th day. of October, 1874, Prospectuses and Forms of Application can be ■ obtained at the' Company's Office, Auckland, or from any of the Agents oi the Company, By order of the Board, ; George P. Pierce, •.. ' ■ Manager. Auckland, 11th September, 1874. ' WANTED— A. SERVANT.—AppIy Mrs. Aikbn, Parawai. tc7.4S§ FOR SALE—TWO HORSED Staunch in light and Heavy Harnen.-;-Applj Alex. Phillips, Shortland. b7492 EVERY variety of Label for Soda-water Manufacturers, in letter-press. Superior deaigns in lithograph, at the 'EYBHJ»a Sxab