The Sun.
London, England, 1869-06-14 00:00:00

1 as ~,s
° • i
.23 g 2 'g
' 8 i sc 5 ,2,
• ... .
... = 6 0 Amount
~„•,,,, Amount - Annual
o cr•••-... a
44 a 0 Z E Proposed. -11' Assured. Preminms.
'5 LI n., •
P..
-
£ s. d. £ s. d. £ s. d.
1858 4,802 1,023,140 o'o 3,318 r 54,140 0 0 21.347 16 5
1861 13,244 2,779,666 0 0 9,746 2,037,383 0 0 63,507 19 10
1 186 S 17,466 4,861,303 5 9 13,699 3,752,967 4 8 122,257 17 6
Total.. 35,512 8,664,109 5 9 26,763, 6 444,490 4 8 207,113 13 9
The net premium income has increased to
the sum of £216,701 1 7

The net premium income
the sum of
The interest on investmen
of receipt yield ...

£2
!s and otheritems

1,276 18 1

Making a total income of £237,980 19 8
The claims were 335, amounting to the sum of £127,886
12s. ld.

The balanCe of the year's income was £G8,026 Os. 4d.
The assets of the association at the closo of the year
amounted to £G67,493 Bs. sd.

The directors draw special attention to the fact thrt the
next bonus valuation will take place at the end of the year
1872, and that all polices effected on the profit scales prior
to the 31st December, 1869, will be entitled to participate
in the same.

The directors also draw attention to the successful esta-
blishment during the past year of the Britannia Firo
Association, under the ausiiices of the Briton. The direc-
tors believe that the establishment of a Fire Company, to
work in active co-operation with the Life, will tend much
to the advantage and profit of both institutions. It is
scarcely necessary to remark that the capital funds and
constitution of each office aro quite separate and distinct.

By order of tile Board,
JOHN AIESSENT, Actuary and secretary.
London, March 18, 1869.

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 tho Company, in
the Chair.

The proprietors will no doubt remember that at the lest
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
£208,77-1. The surplus fund account, as undo-, 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 JUFT, 1868.
Dn. Isamu OF THE YEAR. •
Palnure of account, 30th
June, 1867 -£381,:,11 13 9
Less amount I. istributed
as bonus 91)8,771 0 0

Premiums , n new assur-

3 TWOS

11,59 G 1 5

Ditto ou ,old ditt0........ 366,215 7 3

Interest from invest-
ments

Profit and loss, balance
of account
Total inc)mo

.f 3 0,811 8

117,581 7

£498,395 13 11

46,070 13 3

CR. CHARGE OF THE YEAR
Dividend to proprietors
Cla;•ns on decease of lives

assnred £e65,52313 5
Additions to those under

p ,rticipating policies 22,816 4 7
Policies surrendered • 28,612 11 3
Re-assurances, new 8,270 15 4
Ditto, old 50,365 0 8

.£370,61.8 5 3
Commission
Medical fees
Income tax 2,215 4 7
Expenses of manage-
ment 15,489 8 5

£772,740 13 :fr

40f.),777 9 5

Tolal charge „
.£409,65-1 14 5
Baknce of account, Nth June 1898 907,332 8

Examined and approv £1,317,207 2 11
THOMAS ALLEN ,1 Auditors
HENRY ROSE,
The total income of the year, it will be seen. is X 511.466
9s. 2d., and the total outgo £409,651 14s. 5d.; the diffe-
rence, or the sum laid by- viz., .C 131,811 11s. 9d.—raises
the fund again to £907,552 Bs. Gil.
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 bo 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. bas been expended in re-
assurances.

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, appea-s 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 ;re less than those of last
year by upwards of 21,400. But they still include charges
incurred in the final closing of the two officeslastabgorbed
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 :
Dn. LIABILITIES.
Interest due to proprietors
Claims on decease of lives assured, and
additions thereto unpaid
•
Sundry accounts
Liability under sums assured, &o. (1867) 6,369,169 11 7
Proprietors' fund
Surplus fund as before 907,552 8 6

£3,977 13 3

Total £7,565,198 1 3
OR. ASSETS.
Amount invested in fixed mortgages £1,460,772 2 7
Ditto ditto decreasing ditto
Ditto ditto reversions 347,136 5 5
Ditto ditto funded securities
Ditto ditto temporary securities
Current interest on the above invest- _ _

ments 36,243 7 6

Cash and bills 22,604 2 6

---- —... _
Advanced on security of the company's
policies....
Agents' bah.ncos
Sundry accounts
Value of premiums (1867) ,..... 4,506,167 18 0
Value of re-assurances 86,860 13 9

Total..

£7,565,198 1 3
Examined and approved.
THOMAS ALLENI
HENRY ROSE, 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 bean 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
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 Chatheld, Esq.
Sir J. Buller Eabt, Bart.,
D.C.L.
Robert A. Grays Esq.
Wm. Augustus) Guy M.D.,

Chas. Thos. Holcombe, Esq.
Joshua Lockwood, Esq.
James Murray, Esq. ;
Philip Rose, Esq.
George Russoll, Esq.
Thos. Godfrey Salubrooko,
Esq.
.Admiral