The Press.
London, England, 1857-08-22 00:00:00

BALANCE: SHEET.

Interest to the Proprietors unclaimed
Claims and Bonus admitted, but unpaid 42,9:0 5 .1
Sundry Accounts 952 19 1
Value (1557) of Sums Assured, &c.
Proprietors' Fund 11181,309 0 0
Surplus Fund, u before stated 442,267 u 5
628,595 0 5

£2,&31,780 11 2

Amount invested in Fixed Mortgages and Life
Interests
Ditto, iu decreasing Mortgages (Drainage
Loans, etc.)
Ditto, in Reversions
Ditto, in Government Annuities and Funded
Property 73,731 1 6
Ditto, in other Securities
Current Interest on the shove Investments .12,340 11 1
Cash and Bills
Advanced ou the Company's Policies 43,962 12 4
Agents' Balances 10,478 15 0
Sundry Accounts
Value (1857) of Assurance Premiums I 1,536,980 10 1

.62,881,7e0 11 2
Examined and found to be correct—
(Signed) THOMAS ALLEN, Auditors.
WILLIAM H. SMITH, Jun.
From this statement it appears that after setting aside an
ample fund to meet the liabilities, and making provision for
every possible contingency, there remains to the credit of the
surplus fund the sum of 442,2871. Os. bd., an amount which will
justify the division on the present occasion of 136,8681. lbs.,
leaving 305,4261. 66.5 d. to provide for the like purpose in future,
and for other extra contingencies. The allotment of this portion
of the surplus will give the proprietors an extra dividend of 15
per cent., or lbs. per share, making,with the dividend now falling
due, 211 per cent., or 11. per share, which will be payable to the
proprietors on and after the first Monday in October next. The
participating policy-holders will, on the other hand, be entitled
to a payment in cash of 108,6e71., nearly equivalent to an aggre-
gate reversionary addition of 204,0001. to the sum assured, or
about 40 per cent on an average of the premiums paid since the
division in 1862.
The share of each policy-holder in this aggregate addition will
be ascertained with the utmost despatch, but some months must
necessarily elapse before the whole calculation can be completed.
It may be satisfactory to mention in conclusion that the total
assets of the company, after deducting such sums as are imme-
diately payable, realise interest at present at the rate of 4i per
cent. on the average, thus:—
.C 931,880 17 6 invested in Fixed

Mortgages produces ,C 44,261 16 2
76,483 5 7 invested in Deerea,ing 3,031 7 3
42,7 W 12 9 invested in Reversions 1,711 4 0

79;731 1 e invested in Govern•

merit Securities .... 2,683 6
- -

43,902 12 4 sui;"4-n-c-eii-071-1;u-Ifeie-ti 2',108 4 6

97,000 0 0 inTempory.lnves,nits 4,8150 0 0
28,211 10 16 Unproductive
---
The whole 21,206,000 U 0 producing per annum 258,735 18
Or 44 per cent. very nearly.
I have the honour to be, Gentlemen, your obedient Servant,
CHARLES JELLICOE,

" Such, gentlemen, is the present state of your affairs.
The directors will not detain you with needless congratu-
lations upon it; they believe that you will concur with
them in thinking that it fully demonstrates the wisdom of
the course which has been of late years pursued, and amply
j ustifies a perseverance in it. Should you be of that
opinion, and should you consider that the experience of
the past, as regards the amalgamation with other assurance
societies, is entirely satisfactory, it will be unnecessary for
the directors to repeat what they have on more than one
occasion addressed to you in reference to the advantages
arising from these operations ; they will, therefore, at once
enter upon the remaining business of the meeting, and
state that it is proposed that three assurance societies, one
proprietary, the others mutal, shall merge forthwith into
the Eagle. The names of these several companies the
directors do nut feel that they would be as yet justified in
mentioning, but it may suffice to say that they are highly
respectable in their business) and connections, and that
they will bring to the Eagle, in the aggregate, an annual
income of about 110,0001., a corresponding amount of
assets, and the services of a very considerable body of
I active and intelligent agents.

" To obtain this great accession of business the directors
believe that you have only to confirm the following resoln.
tions, in accordance with which preliminaries have already
been conditionally arranged :
" 1. That on the completion of the transfer to the Eagle
of the business of a company having an income of not less
that 50,0001. per annum, the directors of the Eagle shall
have power to nominate as their co-directors any four of
the present directors of such company, and that such four
directors shall hold their offices for life, without qualifiza-
tion either u shareholders or policyholders, but subject
to all the other disqualifications named in the Eagle Com-
pany's deed.
'"2. That the additional sum of 5521. be thenceforth
applicable annually for the remuneration of the board, to
be diminished by one-fourth part at the successive seces-
sion or decrease of members of the board, until the num-
bers are again reduced to 18, when the regulations pre-
scribed on this head at the special general meeting in July,
1856, shall again come into operation.
" 3. That in order to meet the wishes of proprietors who
may be desirous of retaining shares in the amalgamated
company the directors of the Eagle be empowered to in-
crease its existing nominal capital to any amount not
exceeding 3,000,0001.
" 4. That the directors of the Eagle shall have full power
to make out of the funds of the amalgamated company
such allowances to the retiring directors and officers of the
three companies referred to as they may deem reasonable
and as may be required or stipulated for by the present
directors thereof.

"These, gentlemen, are the conditions to which you are
now asked to accede, and on your compliance with which
your directors have reason to believe arrangements may be
completed which will greatly conduce to the permanent
welfare and prosperity of the Eagle Company."
(The reading of this report was followed by general
cheering.)
Several questions having been put by proprietors and
been satisfactorily answered by the Chairman and other
directors,

Mr. ROBERT CHEERE, an ex-director of the Palladium,
said: The lion proprietor who first spoke (Mr. Oakes)
has stated that the proposition to have 18 directors is a
startling one, but he ought to remember that this company
is an amalgamated company; that it consists, in fact, of
three or four joined together; and surely he must be well
aware that you cannot amalgamate companies without the
transference of a part of their liabilities in the shape of
directors and officers. ( Hear, hear.) Having, through
my incapacity to attend to business, been excluded from
the direction of one of the companies which have been
amalgamated with yours, I may be permitted, perhaps, to
observe that your company took very good care to set off
against the assets of the Palladium the amount which the
Palladium assets were required to pay to the directors.
(Hear, hear.) It is not desirable that we should separate
with the notion that we are saddling the company with an
undue burden, and I can assure you that when the amal-
gamation was effected your secretary and actuary—now
our secretary and actuary—took care that there should be
a good per contra for the amonnt which we had to pay our
directors who were elected for life. The bargain was that
you should take six of us and turn six of us off; and
though it was painful to me to be included in the latter
number, yet I felt satisfied, as a trustee of the Palladium,
that the bargain was a fair one; that the increased num-
ber of directors would be of nolinconsiderable advantage
to the Eagle Company; and that the management of the
amalgamated company wr tad be, as it has turned out to
be, as judicious, careful and circumspect as the fondest
admirer of the old Palielium could possibly desire.
(Cheers.)

The motion for approving and adopting the report of
the directors was then put from the chair, and carried
unanimously.
The Chairman next moved a series of seven resolutions,
as the foundation upon which the contemplated amalga-
mations were to be effected, all of which were carried
without a dissentient voice.

Votes of thanks were then very cordially given to the
directors and officers, and the meeting separated.

The direction of the company is now constituted as
follows
RICHARD HARMAN LLOYD, Esq., Chairman.
RALPH CHAS. PRICE, Esq., Deputy-Chairman.
Charles Bischoff. Esq. Sir W. G. Ouseley, R.C.8.,
Thomas Boddington, Esq. D.C.1...
Thomas Devas, Esq. W. Anderson Peacock, Esq.
Sir Jas. Buller East, Bart.M.P. Philip Rose, Esq.
,Nathaniel Gould, Esq. Thomas Godfrey Sambrooke,
Robert A. Gray. Esq. Esq.
William Augustus Guy, M.D. Charles Evan Thomasi, Esq.
Chas. Thomas Holcombe, Esq. Right Hoc. Sir John Young,
Joshua Lockwood, Esq. I Dart.
James Murray, Esq.

QCHW EP PE'S MALVERN SELTZER
WATER, Manufactured by J. SCIIWEPPE and CO. (the
Sole Lessees), from the Pure Water of the Holy Well, pos-
sesses all the celebrated properties of the Nassau Spring.
SCHWEPPES SODA, MAGNESIA, POTASS WATERS, and
LEMONADE, are manufactured as usual. Every Bottle is
protected by a Special Label.
LONDON, LIVERPOOL, BRISTOL, AND DERBY.

HOLLOWAY'S OINTMENT and PILLS for
the Cure of Bad Legs, Sores, and Wounds.—The extraor-
dinary number of cures effected by Holloway's Ointment and
Pills would appear incredible if they were not vouched for by
the patients themselves, who, grateful for the benefit received
from this wonderful Ointment, permit the facts to appear before
a discerning public. These remedies, if used conjointly, will
cure old wounds, ulcers, and scrofulous sores, if of many years
standing, and for erysipelas and other diseases of the akm they
are equally beneficial.
Sold by all medicine-vendors throughout the world; at
Professor Holloway's Establishments, 244, Strand, London,
and do, Maiden-lane, New York; by A Stamps, Constanti-
nople; A. Guidioy, Smyrna; and L. Muir, Malta,

IMPERIAL LIFE ASSCRANCt COMPANY,
1, OLD BROAD-STRE ET, LONDON.
Instituted 1820.
T. GEORGE BARCLAY, Esq., Chairman.
MARTIN T. SMITH, Esq., M.P., Deputy Chairman.
One-third of the Premium on Insurances of 5001. and upwards,
for the whole term of life, may remain as a debt upon the Policy,
to be paid off at convenience, or the Directors will lend sums of
501. and upwards on the security of Policies effected with this
Company for the whole term of life, when they have acquired
an adequate value.
Four-fifths, or 80 per cent. of the profits are assigned to Poli-
cies every fifth year, and may be applied to increase the sum
assured, to an immediate payment in cash, or to the reduction
and ultimate extinction of future Premiums.
At the fifth appropriation of profits for the five years termi-
nating January 31, 1850, a reversionary bonus was declared of
11. 10s. per cent on the sums insured, and subsisting additions
for every premium paid during the five years. This bonus, on
policies of the longest, duration, exceeds 21. be. per cent. per
annum on the original sums insured, and increases a policy of
1,0001. to 1,6381.
Proposals for Insurances may be made at the Chief Offices, as
above ; at the Branch Office, 10, Pall-mall, London; or to any
of the Agents throughout the kingdom.
BONUS TABLE,
Showing the Additions made to Policies of £l,OOO each.

Date of oAmount of Addition made .. .-,viol ._.
um rais
Additions to as on
Insurance. Feb. 1, 1851. Feb. 1,1858. after Death.
--e-
A o. d. A s. d. A 14. d.
1820 523 16 0 114 5 0 1638 1 0
1825 383 14 0 103 14 0 1486 8 0
1890.
1835 lB5 3 0 88 17 0 1274 0 0
1840 l2B 15 0 84 13 0 1218 8 0
1845 6 15 0 79 18 0 1145 13 0
1850 lO 0 0 76 16 0 1085 16 0
1855 - 15 0 0 1015 0 0

And for intermediate years in proportion.
The next appropriation will be made in 1861.
Insurances, without participation in profits, may be effected
at reduced rates.
SAMUEL INGALL, Actuary.

DUY YOUR TEA WHILE YET YOU CAN
at 2s. 6d. per lb.—Black, Green, or Mized, to be had in dlb.
bags. Do not be led away by Ministerial Statements or their
Telegraphic Puffs. War is stil raging, and in the Tea Districts.
—EAST INDIA TEA COMPANY, 9, Great Saint Helen's
Churchyard, Bishopsgate.