The Sun.
London, England, 1864-04-22 00:00:00

FIE INDEPENDENT FIRE INSURANCE
COMPANY (Limited). Capital One Million Stirling,
oa 40,000 Shares of £25 each. £1 per Share to be paid on
4Pplication. and Ll 10s. per Share on allotment. Calls not
6,l:ceeding Ll. per Share, at intervals of not less than Three
aionthe.

DIRECTORS.
John, Downes, Esq. (Messrs. Downes and Scott),
.Upper._
~-Charnes.street, Director of the National Provincial
:larine Insurance Companye
°l.ge Haines, Esq., Merchant,. 36, Lombard. street.
‘,.°1111 Ingledew, Esq., Cambridge House, Lee. Park, Kent.
vvoilliarnKnight, Esq. (Messrs. William Knight and Co.),
/I_°3, Lombard-street.
G:nrY Ledgard, Esq., Forest-hill, Kent.
°rge S. Symons, Esq. (Messrs. G. 'Symons and Co.),
20 and 21 St Dunstan's-hill.
John E. Tibbs,. Esq. (Messrs. J. E. Tibbs and Son),
Threadneedle-street, Director of the Staffordshire Roll-
J.,,Lng
013 Stock Company.
'lll Lunham, Esq. (Messrs. James Lunham and Co.),
a 231, High-street Borough.
4bez Voss, Esq. (Messrs. Voss, Meek, and Co ),
7alter Brodie, Esq , 13. Delamere.terrace, Hyde-park,
late Member of the House of Representatives, New
Zealand.
(Influential
names in Manchester and Liverpool will be
immediately added to the Direction.)
EtNxERS—The Metropolitan and Provincial Bank, 79,
Cornhill, E.C.
SOLICITORS—Messrs. Bennett and Stark, 4, Furnival's
SU Inn, Holborn.
's'Z'Yon—J'ames Edmeston, Esq.,
court, F.1.8.A., Crown-
Old Broad-street.
1311°1(Ens—Messrs. SCrutton and Son. 81, Old Broad-street.
AUDITORS—Messrs. Cash and Edwards, Public
GENERAL Accountants, 13, Tokenhouse-yar
AND RESIDENT MANAGER—Mr. Robert Steers.
SECRETARY—Mr. George Drew Hodget E.C.
Hodges.
OFPICES-29, Nicholas-lane, Lombard•stree ,
:This Company has for its purpose the transaction of the
''''Portant and remunerative business of Fire Insurance,
and that only, to the exclusion of other branches of busi-
e same
sa not unusually associated with it, under the dire-
ctioll, and operating on one and the same capital. The
virectors are satisfied that the scope for the business of fire
insurance presented by this country and its dependencies,
181 as a commercial speculation, deserving of paramount
attention ; and, the contract being one terminable annually,
the profits or loss arising determine in like manner, year by
Year, and exhibit at once a company's financial position
and its resources.
While the partial remission of the fire insurance duty I
how in the contemplation of Government, and applicable
ye to the insurance of stock-in-trade, will afford a com.
oDarl-e t'v eIY limited relief from the onerous oppression, the
Directorslhave resolved to allow upon payment for every
ter and afterwards at each renewal, an immediate draw-
"cliY' which, in many instances, will amount to a total ex •
Unction of the entire duty of three shillings per cent.
To the public at large, and to the greater proportion of the
manufacturing and mercantile community, this arrange-
ment will prove a highly acceptable advantage. The draw-
back allowed by a few of the older offices by way o
of per.
13 cori!age on remiums, at intervals of years, is 1m
zroince only tpo
those who are rated at premiums ranging
n
-"lL'ay from one guinea per cent. upwards, and is partici-
Dated in only by those who may have premiums to be ra-
h
beWed at the period of the making of these returns ; whereas
v.): the principle adopted by this Company,
the owners of
they
classes of risk of the more ordinary occurrence, are
tib,e9 who will be the more substantially and at the same
"Le promptly benefited.
The concession to be thus made to the public will car
tada,
tiveLY bo the means not only of increasing in r resp
to amounts insurances now existing, but of multiplying
in
thi;°ery large extent the number of insurance contracts
The
y and its colonial connections. •g
it e e Insurable property in this kingdom alone, nc
4
°rmous and increasing importations arising fromlLudienhge
ntl Interchange of tariffs, is believed to apprs,imite
th'u„.°,2,00,000, whereas £1,300,000,000 only is manna
ieeeieg nearly three-fourths of the insurable amount
Ipther unprotected from loss.
hes t:rould be difficult to find any class of investments which
du Yielded such large profits as the shares of well. con-
et„cted ire offices. The shares of the older offices have in-
rei:sed in value immensely, being, in one case, at a pre-
telitru of about 1,300 and in another of nearly 2,000 per
of on the sums originally paid up. The increased value
t. lte shares of offices established within the last 20 years
l'lG at from 80 to 200 per cent.
me is under these circumstances, and considering the im-
totile field presented for operations to come, that the direc-
to grive taken advantage of so favourable an opportunity
bc:,ffer to the public the benefits of the principle of business
belie adoPted by themthey have every yeason to
apeve that by its special feature and the public.support
p that must necessarily invite the undertaking will
T1i137 be productive of the best monetary results.
fine' 0 executive will be entrusted to officers of tried experi-
kir lli the business of fire insurance, and the directors have
meattclY matured arrangements for the immediate establish-
es aof five hundred agencies.
ee directors desire to give the most unqualified assur-
-01j: t° the public that nothing of the nature of frivolous
,e_ctions to a prompt and liberal settlement of claims for
the'rneation. will ever be entertained or countenanced by
ortla
th ~.,11of application for shares may be had at the offices
Ibe
`Lonapany, or of the Brokers, Bankers, or Solicitors.
r 0 event of no allotment being made, the deposit will
°ulled ill full.