The Daily Times.
Liverpool, Merseyside, England, 1860-05-16 00:00:00

DIRECTORS.

-
" ' LONDON.
William Rushton Adamson, Esq., (Messrs. Adamson and Co.)
T. H. Reynell de Castro, Esq.
William Dent, Esq.
Philip S. Fletcher, Esq., (Messrs. Fletcher, Alexander, and Co.)
Henry Alers Hankey, Esq., (Messrs. Lane, Hanley, and Co.)
lathes. Harrison, Eaq.,(Messrs. Young, Harrison, and Bevan.)
James glade, Esq., Messrs. Hickie, Borman, and Co.)
Charles Kelson, Esq., (Messrs. Kelson, Tritton, and Co.)
Francis Martin, Esq., (Messrs. Martin, young, and Co.)
Coleridge John Kennard, Esq., (Messrs. Heywood, Kennard,
and Co.)
(With power to increase their number to Twelve.)
BANKERS.
Messrs. Barclay, Bevan, Tritton, and Co.
soticiTons To Tat COMPANY.
Messrs. Freshfields and NOWMOM
BROM&
• Messrs. Philip Cazenove and Co.
•
• • TEXPORArt OFFICE,.
2, Austin Friars, Old Broad-street, E.C.

LIVERPOOL.
Robert Dirorn, Esq„ (MessrS.' Dirom and Davidson.)"
-Robinson Duckworth, Esq., (Mes rs. Nicol, Duckworth,
and Co.)
George William Ewing, Esq., (Messrs. Duncan and Ewing.)
George Henry Horsfall, Esq., (Messrs. Chas. Horsfall and Sons.;
Joseph liubback, Esq.
Edward Johnston, Esq., (Messrs. Edward Johnston, Son,
and Co.)
Charles Myers, Esq., (Messrs. W. J. Myers, Son, and Co.)
Charles Stewart Parker, Esq., (Messrs. Sandbach, Tie.
and Co.)
Charles Saunders, Esq.
John Swalnson, Esqq.
Same' Aspinall Tobin, Esq.
Alfred Turner, Esq

BANKERS.
Messrs. Moss and CO.
SOLICITORS TO THE LIVERPOOL ROARD•
MeSsiS. Duncans, Squarey, and BiaCkMoFe.
BROKERS., ,
Messrs. Horsfall, Addison, and Co.
Messrs. Thos. Tinley and Sons.
TEMPORARY OFFICES.
1, Exchange-street West.

. ANCELESTER.

James Burton, Esq.
George Dewhurst, Esq., (Messrs. Dewhurst and Sons.)
James Dngdale, Esq., (Messrs. Dugdale, Brothers,)
Thomas Fielden, Esq., (Messrs. Fielden, Brothers.)
David Harrison, Esq.±(Mess.rs. Han-ison and tons.)
John Robinson Kay, Esq.
Sam. Mendel, Esq.
William Peel, Esq.
Josiah Radcliffe, Esq.
James
(With power to increase their number to Twelve.)
BANKERS.
Messrs. Cunliffes, Brooks, and Co.
SOLICITORS 'TO TfiE MANCHESTER. BOARD.
Messrs. Sale, 'Worthington, Shipman, and Seddon.
BROKERS.
Messrs. Shore and Kirkman.
Mr. Thomas Warner.

' g.

.i. I
• PROSPECTUS.,
The great development of commercial enterprise during the
last quarter .of a century, the concurrent progress of our
numerous Colonies, the extension of our Mercantile Navy, and
the large introduction of Steam Power in marine transport,
have increased the property requiring protection against Sea
Risks to an extent far beyond the means of insuring it.
In fire and life insurance, companies alone are now employed ;
and an increasing tendency to resort to them for covering sea
risks has long been manifested. In particular, when floating
cargoes are sold on the shipping documents, buyers invariably
prefer the policies of a company. •
-• Every properly constitutedand well-maneged Marine Insur-
ance Company hitherto established bas prospered. Besides
the three companies recently formed, five have long been in
operation. in. London ; and with what success appears from
the market prices of their shares. Those of the .‘ Marine,"
the one last forraed, with £lB paid, now sell at £lll.
Three of these companies also do fire and life insurance
business; and it is remarkable that the two-which take marine
riskis only have been the most suceesiful.
There are no Marine Insurance Companies in Liverpool or
130,440 427
31 anchester ; and if is adMitted that there are not in the
locality a number of individual underwriters sufficient to
effect the very large amount of insurances wising there.
The Vessels entering and clearing cut from the Mersey
already amount to a yearly total of nearly Five Millions of Tons,
29th7:618,4::
Twenty-
five each way : and this tonnage is, and has been, for a very long
period, increasing at such a rate as to double itself every six-
teen years. It is estimated that the Premiums paid for
insuring these Vessels and their Cargoes do not fall short of
Three Millions Sterling per Annum; and that the corresponding
average Proilts exceed a Quarter of a Million.
_A quarter of a century has ,elipsed since the establiahment
I)fltsitree sla,sftr oomf t'4the,lAeveee Companies above referred te. taring
tP47lfAthe property exposed to marine risks, and Insur-
abled:ifilTch;le country,
d7laesr.edraavtal u
of the United Ein'tsgodfo
with precision ; but of which thefoliosving
Exports
Kingdom
hew ofßoard
sl the
e,
Produce o f Trade,
andwill
Manu-
facturesa fi o afford
some idea ;
reeoth,Leouns increased
d to an extent which it is
was—
.. In
1834 £41,649,191
branch of our Export Trade Lal4=l , 6e49, ,l 9l
clueing
the
In 1844
,hal,owingn.ryavera
'lr;millioninlsnanllBBdss49a half sterling,
, 58,584,292
Of the value of thnanForeign and Colonial
, 97,184,726
initial increase of upwards of six
fivel 14 this
,eyo
23e-a4::su amount account was taken till 1854. In that
e was £18,648,978. In 1858 it was
an average increase of more than one
, „fyria2ot3mr
raiTitSshinlptilapingg rtearirsgannutu.t with cargoes from the Ports of
the United Kingdom; inenthe Poreiyn and C'olonial Trade alone,
:owinlng 1844 Of had' aflgregate.buk
had
increase to
.. „ . In 1834 of - ' 2,185,099 tons
In 1859 of '
in
1834 out frem British ports in the
9,507,721 ' ,
arinlrnaitilhBwse4ay'B6shf,ipinpci:ga increased atr;d16,509,471 tone.
Coasting Trade, which amounted to 1%334,249 tons,
10,242,624 ,',
five years.
had in 1859, notwithstanding the transfer of much of this trade
duinaarly flue-told ins,
toAogu
abyvertfielacrative field for Marine
immense increase in the 1
During the last ten 7sesnreas
j"PimpwoiTalieonuOilf tuheeenpruecPious metals intol' this country, and their
exportation to other parts of the world. In 1859,
apniaorneenitsooff£7g2olABa.ansing
Trade, so far as it appears in the Official Iteturns
by private
(which
Bullion
Trade,
tolatrghee
nanacdscr
nnatdof
risen the
-' By calculations based on these and ' 959'
Board of Trade, it appears that the Piejther accounts of the
is extending at the rate of at least of Marine Insurance
per Annurn. Fifteen Millions Sterling
Our commerce having thus largely outgrown the means
provided for its protection against maritime
determined to form the Thames and Mersey risks,
it has been
hoard at each of the three great centres of Company, witha
as to afford, in each locality, the same facilities our commerce, so
for the imme-
diate transaction of business on a large scale.
p These facilities will, by combining the o eop
erations of Loudon
and Lancashire, extend the basis of Average, sec
poncling increase of stability, end proportionatelyimprove re a corres-
the
prospect of return from the capital embarked.
A very lacrative business which has hitherto been diver
into i other channel!, end imperfectly transacted, will be thusted
retained in the localities to which it naturally belongs • while
Inswers resident in these Districts may, by becoming 'Shere
Share-
holders, secure for themselves a portion of the Profits which.
now:pass into oth ands.
The Directors have spared no exertions in pecurin_
16 the
services of thoroughly competent and experienced Under-
, writers and other Officers.
Until Parliament shall erten , d to Insurance Comnies the
' privilege already gra . .
nted to every other desert t=on
Pof Joint
Stock Company, the Policies will, in accordance with the long-
estaplished practice of the London Offices, be so framed as to
limit the liability of each Shareholder to the amount of his
Shares. • -
. ' for Shares must be accompanied witha Banker's
Atp.ications
Share, in „art payment, of the Deposit of
race pt for £1 per ~ r t
so paid exc d £ee
Slimed the amoun 2 per
£2 Per Share.
allotted, the surplus will be returned •
Share on the number. ,
balance must be paid on Allotment, or
but if it falls short, the b
will be cancelled. If no Allotment
in default the Allotment
will be returned without deduction.
be made, the Deposit
the form annexed,] may be ant
' Applications for Shares, [
tnr
Brokers to the Company : from
through any.pf the Bankers o
forms of Application may
whom copies of the Prospectus and
be had. • • • -
Nay, 1860:

• - .......;.........' . , .111 ~
FORM OF APPLICATION FOR HARES.
MARDI
TO nil DIRECTORS OF THE THAMES AND MSERSEY M .
I,s 5,
~,,,,..*1
INSURANCE COMPANY.
Cliintlemen,
paving paid to your Bankers at Liverpool the sum of
£ , ~ I heteby request that you will allot to me' Shares
of £2o,each, bathe " Thames and Mersey Marine Insurance
Company," and I hereby agree to accept such Shares, ok any
ems ter number that maybe allotted to me, and
hare to pallotteda ,
y the
renishad ,r of , the deposit of £ on the
and to sign the Articles of Association when required.
I am, Gentlemen,
Name's full .... . ........... . .
.......... ................
...............
Address inf9ll ........................................................
......... •.•

' • Date. ........ . ..................................................
--.
No.. Received the day of , 1860,
on Recount of the Directors of the Thames and Merseythe ram
Marine
Insurance Company, from ,
of , being the Deposit made in accordauce
with the terra* of the Prospectus on an Application for an
Allotment of Shares in the undertaking.
4.• ~,,,,,,, ..... wirritpunit,,,, PIPPIII,