Page 18 Advertisements Column 2

New Zealand Tablet, Volume X, Issue 495, 6 October 1882, Page 18

cies on whose risk there shall have been no loss, and the remaining moiety at the disposal of the shareholders. The advantages of this system are obvious, as every Insurer, having a direct interest in the welfare of the Association, will no doubt be induced thereby to exercise greater caution, and use his influence to bring as much sound business to the Company as possible. A large number of shares has already been applied lor, but none will be allotted till all applications have been received, as it will be the policy of the Directors to allot the shares as widely as, possible among probable, Insurers. ECONOMY ANt> CO-OPBBATION Will be made leading features in the management of the Association, and these are principles which cannot fail to ensure, a . marked success, especially as the Fire Bmwesn mill be confined to the Colony of Nem Zealand, and therefore under the immediate control of the Directors. LIFE DEPARTMENT. The want of a local Life Assurance Company has long been felt, and this want has been only partially supplied by the Government (Scheme ; while the scale of premiums chargeable by foreign Companies, also doing business in less healthy regions, is sligntly higher than that which could with safety be adopted in onr own more temperate cliouate. This Branch of the Association's business will be conducted solely on jthe mutual principle— that is, the whole of the net profits will go to the policy-holders on a system at once safe and equitable, while the Shareholders are benefited as the combination of the two ; branches of the business is conducive to economy in management, and affords opportunities of commanding business not 'secured by companies devoted to either branch alone. The success which has attended Mutual Life Assurance Companies elsewhere has been most remarkable. As an instance, the Colonial Mutual Assurance Society of Melbourne may be quoted, which, during the first year, issued 457 policies, and at the end of the eighth year had 4313 policies, with an annual income of £164,450. Although power will be taken in the Articles of Association for the carrying on of this branch of the busing; s, it is not intended to open the department until the. Fire Business has been well established, and until the services of a thoroughly competent actuary have been secured. The following reasons may be adduced from among many which might be urged to show the certainty that success will be attendant on the Company's operations :—: — 1. The Association will supply two acknowledged wants — viz., Fire Insurance conducted on principles equitable to Insurers ; and Local Life Assurance. 2. The nature of the business to be engaged in is ordinarily very profitable. 3. The diversity of the Association's operations constituting a great source of strength. 4. The Association combining the popularity of the co-operative principle together with the security to be derived from a widely diffused proprietary. The Memorandum and Articles of Association may be inspected at the office of the Solicitors. Applications for Shares, which Bhall be made on. the prescribed form, must be lodged with the Secretary, the Brokarsi or the Colonial Bank of New Zealand, at any of its Branches. SPRING SEASON, 1882. NICHOLAS SMITH Begs to announce that he has just opened his First Shipment of NEW SPRING GOODS, Consisting of New Dress Stuffs in Cashmeres, Foules, Costume Clothsi French Merinos, Pompadours, Galateas, Sateens, French Cambrics, etc., etc. Novelties in Fancy Goods. Novelties in Millinery, Novelties in every Department. Also, SPRING CLOTHING, In endless variety. Special value in Boy's and Youth's Suits ; special line of Mens' Geelong Tweed Trousers and Vests (all wool), 21s 6d, worth 27s 6d. Newest Patterns in Regatta and Oxford Shirts. Soft and Hard Felt Hats, in all the latest shapes. New Shapes in Linen Collars, Scarves, Bows, Studs, and Ties, Handkerchiefs, Gloves, Braces, etc., etc. The Cheapest House in Town. NICHOLAS SMITH, The Cash Draper, 33 George Street, near the Octagon. NOTICE OF REMO VAZ. DR. EVELEIGH from Frederick Street to LEITH STREET, Dunedin (just opposite the Methodist Chapel). Db. EVELEIGH will continue to give advice GRATIS to the Poor every MONDAY and FRIDAY, from 9 to 10 a.m. Usual hours for Consultations : Daily, from 9 till 10 a.m and I from 7 till 8 p.m. T^ ANTED— Certificated TEACHER for St. Patrick's School, Arrow. Apply immediately, inclosing testimonials, to REV. FATHER MACEAT, Arrow,