Account Sales (FOR "SPOT" COTTON SOLD IN LIVERPOOL). Account Sales of 100 Bales Cotton ex City of Rome," from Bombay, sold by Lionel Brown & Co., for account of Messrs Lewis Arundel & Co., Bombay. Invoice of Wool (SHIPPED FROM AUSTRALIA ON CONSIGNMENT). 66 Invoice of 100 Bales Wool, shipped at Sydney, per steamer Paramatta," to London, and consigned to Messrs. Griffiths & Sons, London, for sale on account of the undersigned. Broker's Account Sales. Account Sales of 100 Bales Wool, ex steamer " Paramatta," from Sydney, sold by Auction on 22nd September, 1898, for account of Messrs. Merchant's Account Sales. 66 Account Sales of 100 Bales Wool, ex steamer Paramatta," from Sydney, sold by Auction on 22nd September, 1898, for account of W. & E. MARINE INSURANCE There are numerous varieties of insurance, e.g., insurance against fire, against perils of the sea, against death, against excess of bad debts, against burglary, against sickness, against embezzlement by clerks or agents, against claims under the Employers' Liability Acts, against accidents to the person, to crops, to cattle, to plateglass windows, and against other contingencies. Of the different species of insurance just mentioned, the first three are the most important as well as the most common. They are known as fire insurance-meaning the insurance of both movable and immovable property on land, against damage or destruction by fire; marine insurance, meaning insurance of ships, goods, &c., at sea; and life insurance, by which the payment of a certain sum is secured at the death of the individual insured, or in the event of his reaching a certain age. Of these, marine insurance is the most ancient, the others being of comparatively recent introduction. All we propose to deal with now is marine insurance, but it will be convenient to mention here some terms which are applicable to all kinds of insurance. The word insurance (or 66 assurance," as it is sometimes called, more particularly in reference to life insurance) means a contract whereby one party, in consideration of being paid a stipulated sum or premium, undertakes to insure another against a risk to which he is exposed. The party who takes upon himself the risk is called the Insurer, or the Underwriter. The party protected by the insurance is called the Insured. The sum paid by the insured is called the premium. The instrument containing the contract to insure is called the Policy, and The contingency insured against is called the Risk. Of these terms, it is worthy of note that the word "assurance," (or, as we now call it, "insurance") is of Italian origin, as is also the |