The Sun.
London, England, 1864-08-18 00:00:00

E AGLE INSURANCE COMPANY,
LONDON.
REPORT of the Directors for the Year ending 30th June,
1864, read at the Annual General Mteting, 12th August,

1864—
Sir JAMES BULLER EAST, Bart„ D.C.L., in the Chair.
The duty once more devolves upon the Directors of making
a report to the Proprietors on the transactions of the past
year, and, as usual, they commence it by a reference to the
particulars exhibited in the Surplus Fund Account. These
particulars are as follows:
INCOME OF THE YEAR ENDING JUNE 30, 1864.

Balance of Account, 30th June, IBEI3
Premiumo on [New Assurances ..£23,683 14 1
Ditto, old ditto 28,•496 1 4

£311,979 (5 5
Interest from Investments t,l, '4O 13 10

£393,126 9 3
Profit on the Sale of Securities.. 17,515 16 8

Total Income

£938,910 18 10

CHARGE OF THE YEAR.
Div'dettd to Proprietors £10,323 15 0
Claims on decease of Lives As-
sured £199,324 2 0
Additions to those under Parti-
cipating* Policies.
Policies surrendered 11,958 13 1

Re-assurances, new ...
old
I t

8,089 12 2
38,413 5 7

£274,779 2 6
Commisqion . 9,518 19 3

Medical Fees 7lB 7 2
Income-tax
Expenses of Management 12,926 18 6
--, 300,510 11 10

Total Charge
Balance 01 Account, 30th June, 1b 64

£938,910 18 10
Examined and approved,
THOMAS ALLEN, 2 Auditory.
HENRY ROSE,
Here it will be seen that the total income of the year is
£110,642 ss. 1 i d., and the total charge ,10,834 6s. 10d. The
difference—£9.,Bol 19s. Id.—increase the surplus Fund to
£628,076 12s. The difference las tyear, it may be remembered,
was £50,875 185. 7d.
The income of the year is greater than that of the preceding
one by nearly £22,000. The increase ►5 mainly attributable
to the profit derived from the sale of premises in the City,
and elsewhere.
With exception of the payments on account of re-assurance,
and those to the proprietors, all the items of charge are less
than those of the previous year. Thus, the sum paid for
claims is less by £27,000, an i that for surrender of policies
by £5,300. A considerable reduction, too, is observable in the
expenses of management, arising from a diminution in the
number of the Board, and from other circumst inces. The
Balance Sheet is as follows :

BALANCE SHEET.
LIABILITIES.

Interest due to Proprietors £5,432 14 9
Claims on decease of Lives Assured and ad-

ditions thereto unpaid . 45,319 15 10
Cash Bonus due to Policy-holders
Sundry Accounts 1,015 10 10
Value (186!) of Sums Assured 4,731,195 7 0
Proprietors' Fund £190,187 10 0
Surplus Fund, as above
818,284 2 0

£5,651,801 13 1

ASSETS.
Amount invested in fixed Mortgages £903,70 1 6
Ditto, ditto, decreasing Mortg,agk a
Ditto, ditto, Reversions
Ditto, ditto, Funded Securities . 402,148 18 4
Ditto, ditto, Temporary Securities ..... ..... 31,354 4 8
Current Interest on the above Investments.. 28,085 1 3
Cash and Bills
Advanced on Security of the Company's Po-
licies

Agents' Balances 32;177 2 3
oundry Accounts. 28,957 8 1
Value (1862) of Assurance Premiums
Value (186 )of Re-assurances 34,263 10 8

£5,651,801 13 1

• •
Examined and approved,
THOM AS ALLEN, 1 Auditors.
HENRY ROSE,
The Assets here specified remain nearly as they were in
the last Report, except that the amount invested in Rever-
sions is increased, and that in fixed Mortgages is diminished.
The balance of•the Surplus Fund is, of course, increased (as
it should be) from £528,268 12s, 11d. to £628,076 12s.

The Trustees and Directors of the Company are now as
follows :