The Sun.
London, England, 1869-03-01 00:00:00

EAGLE INSURANCE COMPANY,
LONDON.

Report of the Directors for the year ending the 30th
June, 1868, read at the Annual General Meeting of
Proprietors, August 14, 1868--Colonel CHARLES
WETHERALL, K.C.T., Chairman of the Company, in
the Chair.
The proprietors will no doubt remember that at the last
annual general meeting a report was made to them for the
quinquennial period then terminating, and that a bonus
was declared i❑ respect of it amounting to the sum of
V 08,774. The surplus fund account, as under, commences
with the balance of June, 1867, after deduction of this
bonus—that is to say, with the debit of £772,740 13s. 9d.

SURPLUS FUND ACCOUNT, 30TH JUYE, 1868.
Pit. INCOME OF TUE YEAR.
Balance of account, 30th
June, 1867, £981,51.1. 13 9
Less amount .distributed
as bonus 208,771 0 0

Premiums en new assur-
ances
Ditto on old ditto 366,215 7 3

£3:0,811 8 3

Interest from invest-
ments 117,584 7 3

£772,740 13 9

£498,395 15 11
Profit and loss, balance
46,070 13 3
of account
Total income

£1,317,207 2 11

CR. CIIARGE OF THE YEAR.
Dividend to proprietors .................... X 8,877 5 0
Claims on decease of lives
£265,523 13 5
assured
Additions to those under
participating policies 22,816 4 7
Policies surrendered ...••• 28,642 11 3
Re-assurances, new
Ditto, old 50,365 0 8
---------

£370,618 5 3
Commission ............... 11,702 15 0
Medical fees ............. 751 16 2
Income tax .............. 2,215 4 7
Expenses of manage-
ment ........................ 15,489 8 5
400,777 9 5

Total cbargn
Balance of account, 30th Juno 1868 907,552 8 6

£1,317,207 2 11

Examined and approv
THOMAS ALLENI Auditors.
HENRY ROSE,
The total income of the year, it will be seen, is £514,466
9s. 2d., and the total outgo Z 109,651 14s. 5. ; e
th-
renc,e, or the sum laid by—viz., £134,811 14ds. 9d.—ra diffeises
the fund again to .£907,552 Bs. 6d.
The interest received during the y.ear is £117,584 7s.
as., arising from the productive portion of the realised
assets of £2,897,157, mentioned in the last year's report.
The whole assets, productive and unproductive, may there-
fore be considered as having improved at the rate of rather
more than 4 per cent. ; or, if the profit shown of £46,070
13s. 3d., derived from various extraneous sources, be in-
cluded, at upwards of £5 12s. per cent.
The premiums on new assurances are £14,596 Is. 9d.,
and of this sum £3,270 15s. 4d. has been expended in re-
assurances.
The claims on decease of lives assured are nearly iden-
tical in amount with those of 1866. They are loss than
those of lest year by nearly £19,000.
A considerable reduction, too, appears in o
the
the
eamriousknst
paid for re-assurance, an
ref-assuredhsaving terminated by death and other causes.
The expenses of management are less than those of last
year by upwards of £1,400. But they still include charges
incurred in the final closing of the two offieeslast absorbed
by the company. The whole expenditure, however, in-
cluding income tax, is at the rate of little more than 51
per cent. on the total income.
The balance-sheet is as follows :
DR. LIABILITIES.
Interest due to proprietors
Claims on decease of lives assured, and
additions thereto unpaid
Sundry accounts
Liability under sums assured, &c. (1867) 6,369,469 11 7
Proprietors' fund
Surplus fund as before 907,552 8 6

Total .£7,565,198 1 3
CR. ASSETS.
Amount invested in fixed mortgages £1,460,772 2 7
Ditto ditto decreasing ditto
Ditto ditto reversions 847,136 5 5
Ditto ditto funded securities 479,932 13 3
Ditto ditto temporary 'securities
Current interest on the above invest-

ments
Cash and bills

36,243 7 6
22,604 2 9

Advanced on security of the company's
policies....•
Agents' bah ACOS
Sundry accounts
Value of premiums (1867)
Value of re-assurances 4,506,167g 18 0
9

Total £7,565,198 1 3
Examined and approved.
THOMAS ALLEN,} Auditors.
HENRY ROSE,
The present disposition of the Company's hinds is
1867, shown
by this account. On ccmparing it with that of it
will be observed that further investments have been made
on mortgage and in the Government funds, and that about
£ll,OOO more has
Exbclon advanced on security of the com-
pany's policies. bean advanced on security of the com-
pany's policies. Exclñsive of the sum indicating the value
of the future premiums, the assets amount to .C 3,059,030
3s. 3d.
The direction of the company is now constituted as
follows :
The Right Hon. Sir JOHN YOUNG, Bart., K.C.B. Chair-
man.
WILLIAM FREDERICK DE LA RUE Esq., Deputy-

Chairman.
Charles Bischoff, Esq.
Thomas Boddington, Esq.
Charles Chatfield, Esq.
Sir J. Buller East, Bart.,
D.C.L.
Robert A. Gray, Esq.
Wm. Augustus Guy, M.D.,
F.E.S. •

Chas. Thos. Holcombe, Esq.
Joshua Lockwood, Esq.
James Murray, Esq.
Philip Rose, L'sq.
George Russell, Esq.
Thos. Godfrey Sambrooke,
Esq.
Admiral Tindal.;