The Sun.
London, England, 1864-08-22 00:00:00

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

. • -
18n4—
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, 1863 £528,263 12 11
Premiums on New Assurances ..£23,683 14 1

Ditto, old ditto . 2E8,%06 1 4

£311,979 15 5
Interest from Investments 81,146 13 10

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

Total Income

410,642 5 11

£938,910 18 10
CHARGE OF THE YEAR.

Div'clend to Proprietors
Claims on decease of Lives As-
sured .. ,- £199,324 2 0
Adaitions to those under Parti-
cipating' Policies. • ... 15,993 9 8
Policies surrendered 1f.!,953 13 1
Re-assurances, new •.. 8,089 12 2
old

£274,779 2 6
Commis =ion ... 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 of Account, 30th June, 1t 64

£938,910 18 10
Examined and approved,
THOMAS ALLEN, I Auditors.
HENRY ROSE,

Here It will be seen that the total income of the year is
£110,642 ss. 1 d., and the total charge £10,831 6s. 10d. The
difference—£9x,Bo7 19s. Id.—increase the surplus Fund to
£628,076 12s. The difference last year, it may be remembered,
was £50,875 lOs. 7d.
The income of the year IP greater than that of the preceding
one by nearly £22,000. The increase is 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 .£27,600, 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 circtunstAnces. The
Balance Sheet is as follows :
BALANCE SHEET.
LIABILITIES.
Interest due to Proprietors

£5,432 14 9

Claims on decease bt Lives Assured and ad-
• ditions thereto unpaid
Cash Bonus due to Policy-hollers ..
Sundry Accounts 1,015 10 10
18 Value (6 1 of Sums Assured
. _ 4,781,193 7 0

Proprietors' Fund £190,187 10 0
Surplus Fund, as above

818,20 2 0

£5,651,801 13 1

ASS ,TS.

__,..., ~...,.
Amount invested in fixed Mortgages £903,790 1 6
Ditto, ditto, decreasing Mortgages
Ditto, ditto, Reversions
Ditto, ditto, Funded Securities 402,148 18 4
Ditto, ditto, Temporary Securities
Current Interest on the above Investments 28,085 1 3
Cash and Bills
Advanced on Security of the Company's Po-
Ag
licieents' Balances s ...,..•. • ... 120,524 16 0
32,177 2 3
hundry Accounts. 28,957 8 1
Value (1862) of Assurance Premiums . 3,568,151 7 8
Value (186 :)of Re-assurances 34,263 10 8

Examined and approved, £5,651,801 13 1
THOMAS ALLEN, j 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 :