The Daily Times.
Liverpool, Merseyside, England, 1860-05-19 00:00:00

PROSPEC US.

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 off the shipping documents, buyers invariably
prefer the policies of a company.
Every properly constituted and well-Managed Marine Insur-
ance Company hitherto established has 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 la:,1, formed, with £lB paid, now sell at £lll.
Three of these companies also do tire and life insurance business; and it is remarkable that the two which take marine. risks only have been the most successful.
There are no Marine Insurance Companies in Liverpool or
Manchester ; and it is admitted that there are not in the
locality a number of individual underwriters sufficient to
effect the very large amount of insurances arising there. The Vessels entering and clearing out from the Mersey'
already amount to a yearly total of nearly Five Millions of Tons, ,
each .way : and this tonnage is, and has been, for a eery 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. Profits exceed a Quarter of a Million.
A quarter of a century has elapsed since the establishment
Of the last of the Five Companies above referred to. During •
this period the property exposed to marine risks, and insur-
able in this country, has increased to an extent which it is
difficult to estimate with precision ; but of which the following
figures, from the Accounts of the Board of Trade, will afford
some idea

The declared value of Exports of the Produce and Manu-
factures of the United Kingdom was—
In 1834 • £41,649,191
In 1844 58,584,292 '
In 1854 97,184,726
la 1859 130,440,427
Showing in this branch of our Export Trade alone, during the
last five years, an average annual increase of upwards of six
millions and a half sterling. '
Of the. value of the Foreign and Colonic! produce exported
from this country •no account was taken till 1854. In th it
year the amount returned was £18,648,978. In 1858 it was
£23,174,0'24: showing an average increase of more than one
million sterling per annum.
The Shipping clearing out with cargoes from the Ports of
the United Kingdom, in the Fortin and colonial Trade alum ,
had an aggregate burden—

.......--
In 1831 of_ 2,185,099 tons
In 1841 of 5,297,168 ,
In 1851 of 9,317,721 ~
In 1859 of 10,242,624 ' ,
Showing an *increase to nearly five-fold in the last Twenty
five years.

Again the Shipping cleared out from tritish ports in the
Coasting Trade, which in 1631 amounted to 1.0,33 ►,243 tons,
had in 1839, notwithstanding the transfer of much of this trade
to our railways, increased to 16,509,471 tons.
During the last ten years, a.very luc••ative field for Marine
Insurance has been opened by the immense increase in the
importation of the precious metals into this country. and their
exportation to other parts of the world. In 1833, the Bunion
Trade, so far as it appears in the Official Returns (which take
no account of the largo parcels of cold passing by private
hands), had risen to the amount of £72,758,959.
ty calculations based on these and Other accounts of the
Board of Trade, it appears that the Field of Marine Insurance
is extenclinz at the rate of at least Fifteen Miliions Sterling
per Annum.
Our commerce having thus largely outgrown the means
provided for its protection against maritime risks, it has been
determined to, form the Thames and Mersey Company, with a
Board at each of the three great centres of our commerce, so
as to afford, in each locality, the same facilities for the imme-
diate transaction et business on a large scale.
These facilities will, by combining the operations of London
and Lancasnire, extend the basis of Average, secure a eorres-
pending increase of sta'aility, and proportionately improve the
prospect of return from the capital embarked.
A very lucrative business which has hitherto been diverted
into other channels, and imperfectly transacted, will be thus
retained in the localities to which it naturally belongs; while
Insurers resident in these Districts may, by becoming Share-
holders. secure for themselves a portion of the Profits' which
n,m, pass into other hinds. •
The Directors have spared no exertions in securing the
services of thoroughly competent and experienced Under
Miters and other Officers.
Vail Parliament shall extend to Insurance Companies the
privilege already grantsd to every other description of •loint
Stock Company, the PolicieS will, in accordance with the loag-
established practice of the London Offices, be so framed as to
limit the liability of each Shareholder to the amount. of his
Shares.

Applications for Shares must be accomp inied with a Banker's
receipt for El per Share, in part paymeA of the Deposit of
Z 9 per Share. Should the amount so paid exceed £2 per
Share on the number allotted, the surplus will be returned;
but if it falls short, the balance must be paid on Allotment, or
in default the Allotment will be cancelled. If no Allotment
be made, the Deposit will be returned without deduction.
Applications for Shares, (in the form annexed,) may be sent
through any of the Bankers or Brokers to the company : from
whom copies of the Prospectus and forms of Application may
be had:
May, 1960.

FORM OF APPLICATION FOR SHARES.
TO THE DIRECTORS OF THE TnA:,ms AND MERSEY MARINE

,INSURANCh COMPANY.

Gentlemen,
Having paid to Tour Bankers at Liverpool the sum of
E. , I he-eby request that you will allot to me shares
of £2O each, in the ` Thames and Mersey Marine Insurance
Company," and I hereby agree to accept such Shares, or any
smaller number that mAy be- allotted to me. and to pay the
remainder of the deposit of £ -on the Shares allotted,
and to sign the Articles of Association when required.
I am, Gentlemen,
Name in full
Address in full
Date

No. ' • Received the day of , 1861,
on account of the Directors of the Thames and Mersey Marine
Insurance Company, from , the sum
of , 'icing the Deposit made in accordance
with tb,. terms of the Plospeetus on an Application for an
Allotment'of shares in the undertaking.
£' . Rankers.

THAMES & MERSEY MARINE INSURANCE
COMPANY, LIVERPOOL.

NO APPLICATION for SHARES in this Company can he
RECEIVED AFTER ONE O'CLOCK THIS DAY (Saturday),
the 19th instant.—By Order of the Liverpool Board,
J. T. DANSON, Sec. pro tem.

BASS & CO.'S EAST INDIA PALE ALES,
at ' 65., 3s. lid., and 2s. 4d.
S.rong Edinburgh ALE , 65., and 3s. 6d. .
Scoteir ALE ss., 35., and 2s.
Light Dinner ALE
Barclay's Best London STOUT 6,;•, and 3.• Gd•
Guinness' Extra Dublin STOUT
43-ods. Drib-mod rrrr, within Fire Miles of the Exchange.

JAMES STEWART & CO.,

WHOLtS.A.LE WINE AND SPIRIT MERCHANTS, AND

BOTTLERS OF ALES AND PORTER,
QUEEN INSURANCE-BUILDINGS,

11. DALE-STREET.

T.
. T 0 0 K E,
(SUCCESSOR TO Y. L. RAUSBrIk6),

OLD POST-OFFICE BUILDINGS,
LIVERPOOL,
• Revectfully solicits attention to his immense Stock of
JEWELLERY,

of the newest and choicest designs, and in the greatest variety.
SILVER AND PLATED GOODS,
of the moat fashionable patterns ; the quality warranted.
WATCHES.

-
Loridon-made LEVERS, with all tho latest improvements
Liverpool WATCHES, at all prices.
Geneva WATCHES, from the hest makers.
CLOCKS
_ - -

of all delßeriotions, including- the very latest designs, con-
, stantly received from his :Manufactory at saris.
ARTICLES DE PARIS,
a rich and varied astortment.
SEVRES, DRESDEN, and PARIAN CHINA, BOHEMIAN
GLASS, and BRONZES.
B W 0 R K,
of every description.
DRESSING-CASES, :WORKBOXES, DESKS, ENVELOPE-
CASES, and FOLIOS.
TABLE AND POCKET CUTLERY
MEDLEVAL and PAPIER-MACHE GOODS.
CHANDELIERS,

Glass and Metal.
L AMPS,

cf all kiwis.

Public Building% and Plivate Residences Fitted for Gas.
Estimate; and rrices forwarded on application.

VT. H. T. requeLts the favour of an inspection of the Stock,
and begs leave to state.that he has determined to adhere to

the modern rule of busines, viz :
SMALL PROFITS AND QUICK RETURNS.

W. H.. TOOKE,
LIVERPOOL

Our readcrs have only to send a penny stamp and they wil
receive, free by post, the " Invalid's Own Guide," or nature 1
restorer without medicine or expense, of perfect digestion,
strong nerves, srmnd lungs, and refreshing sleep, to the moat
enfeebled, effectually removing indigestion (dyspepsia), nausea
and sickness, even during pregnancy, debility,•kervousness,
palpitation, cough, asthma, incipient consumption, dropsy,
constipation, flatulency, diarrhoea, dysentery, biliousness,
fevers, sore throats; catarrhs, colds, noises in the ears,
iheninatism, gout. impurities, eruptions, hysteria, neuralgia,
irritability, sleeplessness, acidity, palpitation, heartburn,
headache, despondency, cranip, spasms, sinking, fits, • bron-
- ehitis ; also children's complaints. Accompanied withwithr,ntnerous
successful cures, which had resisted all medical treatment and
been abandoned as hveless. D. T. Barry, 77, Regent•street,
London.