The Sun.
London, England, 1869-02-20 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, 80TH JUITE, 1868.
Dn. INCOME OF THE YEAR.
Balance of account, 30th
June, 1867, £981,514 13 9
Less amoundistributed
as bonus 208,774 0 0

Premiums on new assur-

/MCP B
Ditto on old ditto 366,215 7 3

£380,811 8 3

Interest from invest-
ments 117,584 7 3

£772,740 13 9

£498,395 15 11
Profit and loss, balance
of account
Total income - 544,466 9 2

£l, 317.207 2 11
CR. CHARGE OF THE YEAR
Dividend to proprietors
Claims on decease of lives
assured £265,523 13 5
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
Medical fees
Income tax 2,215 4 7
Expenses of manage-
ment 15,489 8 5

400,777 9 5

Total chargo
Balance of account, 30th June. 1868 907,552 8 6

£1,317,207 2 11
Examined and approv ‘.l
THOMAS ALLEN} Auditors.
HENRY ROSE,
The total income of the year, it will be seen, is £514,466
9s. 21, and the total outgo £109,651 14s. sd. ; the diffe-
rence, or the sum laid by—viz., £131,811 lls. 9d.—raises
the fund again to £907,552 Bs. 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 premiums on new assurances are £14,596 ls. 9d.,
and of this sum £3,270 15s. 4d. has been expended in re-
assurances.
The claims on decease of lives assured aro nearly iden-
tical in amount with those of 1866. They are less than
terminated
s bu
y r a nce
and other causes.
,
death
those of last year by nearly £19,000.
A considerable reduction, too, appears in the amount
o •
many of tho risks
re-assured -a - pryssu
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 officeslast absorbed
m s
having paid
id
for
by the company. The whole expenditure, however, in-
cluding income tax, is at the rate of little more than 5}
per cent. on the total income.
The balance-sheet is as
LI follows :
ABILITIES.
DR.
Interest due to proprietors
Claim
• decease of lives
add assured, ands on
itions thereto unpaid
Sundry accounts
Liability under sums assured, &c. (1867) 6,369,169 11 7
fund
Proprietors 173,792 10 0
907,552 8 6
Surplus fund as before

17 10
ninSgSoErTdtigst.atoges 4417:415686035,791797298 21
73
Total
CR.
Amount Ditto idnvitetosted indefioxreead6Ai
Ditto ditto reversions 347,136 5 5
Ditto ditto funded securities
Ditto ditto temporary securities
Current interest on the above invest-
ments
Cash and bills
Advanced on security of the company's
policies...,
Agent.' balfitcos
Sundry accounts 112,460 15 0
4
Value of premiums (1867) ..... ,506,167 18 0
Value of re-assurances 86,860 13 9

36,243 7 6
22,601 2 9

Auditors.
Total .................................... £7,565,198 1 3
EXaMilled and approved.
THOMAS A LLEN,I
The present dispositioiniEofNtEheY RUSE,
Conlpany'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 GOVerlnnelat 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 future premiums, the assets amount to £3,059,030
3s. 3d.
The direction of the company is now constituted as
fol lows :
The Right Hon. Sir JOHN YOUNG, Bart., K.C.B. Chair-
man.
WILLIAM FREDERICK DE LA RUE Esq., Deputy-
Chairman.
Charles Bischoff, Esq. Chas. Thos. Holcombe, Esq.
Thomas Boddington, Esq. Joshua Lockwood, Esq.
Charles Chatfield, Esq. James Murray, Esq.
Sir J. Buller East, Bart., Philip Rose, Esq.
D.C.L. George Russell, Esq.
Robert A. Gray, Esq. I Thos. Godfrey Sambrooko,
Wm. Augustus (it M.D., Esq.
Admiral Tindal,: • - -