The Sun.
London, England, 1869-05-03 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 in respect of it amounting to the sum of
£208,774. 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, 3OTR JUT: F, 1868.
DR. INCOME OF TIIE YEAR.
Balance of account, 30th
June, ...... ....... £081,4514 13
Less amount distributed
as bonus.. ................ 208,774 0 0

£772,740 13 9
Premiums on new assur-
ances ..................... 14596 1 5
Ditto on old ditto ...... 366,215 7 3

£380,811 8
nterest frominvest-
ments ..................... 117,584 7

Profit and lose, balance 4198'395
115 11
3
Total income 54.1,466 9 2
of account .... 6
, 4 070 --
.........
.............

£1,317,207 2 11

CR. CirAnox OF MR YEAR.
Dividend to proprietors £8,877 5 0
Cla;-ns on decease of lives
assured. ............... £265,523 13 5
Additions to those under
participating policie.. 22,816 4 7
Policies surrendered.... 28,642 11 3
Re-assurances, new
3,270 15 4
Ditto, 01d....... 50,365 0 8

£370,618 5 3
Commission ...............
Medical fees 11,702 15 °............... 751 16 2
Income tax .............. 2,215 4 7
Expenses of nonage_
meet., ...................... 15,40 8 5

400,777 9 .5

Balance
ccelloafrgaece.o„u.n.;:
......
.. .eth June 1868 r07,5
9,a55- 14 8 56

£1,317,207 2 11

Examined and approv

THOMAS
HENRY ROSE, ALLEN} Auditors
The total income of the year, it will be seen, is £544,466
9s. 2d., and the total outgo £409,654 14s. sd. ; the diffe-
rence, or the sum laid by- viz., £134,811 14s. 9d.—raises
the fund again to £907,552 Ss. 6d.
The interest received during the year is £117,584 7s.
3d., 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
and of this sum £3,270 15s. 4d. has been expended in re-
assurances.
premiums on new assurances are £14,596 ls. 9d.,

The claims on decease of lives assured are nearly iden-
tical in amount with those of 1866. They are less than
those of last year by nearly £19,000.
A considerable reduction, too, appears in the amount
of premiums paid for re-assurance, many of the risks
re-assured having terminated by death and other causes.
The expenses of management are loss than those of last
year by upwards of £1,400. But they still include charges
incurred in the final closing of the two officeslait absorbed
by the company. The whole expenditure, however, in-
cluding income tax, is at the rate of little more than 51
per cont. on the total income.
The balance-sheet is as follows
DR.
Interest duo to proprietors ................. £6,977 13 3
Claims on decease of lives assured, and
additions thereto unpaid .................. 61,530 4'6
Sundry accounts .............................. 45,875 13 6
Liability under sums assured, eco. (1867) 6,369,469 11 7
Proprietors' fund
Surplus fund as before ........................ 907,532 8 6

Total .................................... X 7,565,198 1 3
CR. ASSETS.
16830„977792
127 .;107
Ditto
Ditto Amount
dittod itt oinvested in
frdueenfive
reversions
oreesaddisois
securities
ngscou. r,r
it!; £l,
Ditto ditto ▪ 3447,136 5 5
• 479,932 13 3
Ditto ditto temporary securities . 142 424 011
Current interest on the above invest-
,

ments
Cash and bills
Advanced on security of the company's
policies.... . ......... ......................................
.... . 4,510569:516073
1104 •
09
bah/ices
Agents' 27,112 9 6
Sundry accounts
Value of premiums ( •
Value of re-assurances

36,243 7 6
22,604 2 9

HENRY ROSE,
Total, ................................... £7, ,
565198 1 3
Blcamined and approved.
THOMAS A LLEN,)
Auditors.
The present disposition of the Company's funds is shown
by this account. On ccmparing it with that of 1867, it
will be observed that further investments have been made
on mortgage and in the Government funds, and that about
£ll,OOO more has been advanced on security of the com-
pany's policies. Exclusive of the sum indicating the value
of the futuro premiums, the assets amount to £3,059,030
Bs. 3d.
The direction of the company is now constituted as
follows :
The Right Hon. Sir JOHN YOUNG, Bart., H.C.B. Chair-
man.
WILLIAM FREDERICK DE LA RUE Esq., Deputy-
Chairman.
Charles Bischoff, Esq.
Thomas Boddington, Esq.
Charlos Chatfield, Esq.
Sir J. Buller Bast, Bart.,
D.C.L.
Robert A. Grayl Esq.
Wm. Augustus. Guy #.1.1.7.,
rak.

Chas. Thos. Holcombe, Esq.
Joshua Lockwood, Esq,
James Murray, Esq.
Philip Rose, Esq.
George Russell, Esq.
Thos. Godfrey san*rooke,
.•
Esg.
kiraual