The Sun.
London, England, 1869-04-19 00:00:00

BSOLUTE SECURITY POLICIES, UN-
FORFEITABLE, UNCONDITIONAL, and UN-
CITALLENGEABLM, issued by the PRUDENTIAL
ASSURANCE COMPANY, 62, Ludgate-bill, London,
Re. Established 1848.
The Directors of this Company, in deference to an ob-
jection not unfrequently urged by persons invited to as-
sure, that the ordinary mode of Life Assurance is in their
opinion defective or uncertain, by reason of the operation
of the customary conditions, have resolved to promulgate
the present Tables, and to issue Assurances under them
which shall be absolutely Unforfeitable, Unconditional,
mad
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otthrtoheliaenrseswAasuirlsolesinunorgranneneftetstrsertelogydri
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and Unchallengeable.
e
continue
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that, tut ty, iPieirstloinesevbePnsittaotfe
cnounelepafyonrifeenitteodf. pre-
ino_r
class of the public the system now introduced will espe-
cial 4 commend itself, being entirely free from all condi-
tions of forfeiture on account of non-payment of premium,
or from any other cause whatever; while at the same
time it absolutely guarantees at decease, when even a de-
fault is made in payment of the premium, a fixed sum in
respect of every premium paid, bearing the same propor-
tion to the total amount assured as the number of pre-
miums actually paid may bear to the whole number origi-
nally contracted to be paid.
Besides this important advantage, every policy will ex-
pressly state what sum can at any time be withdrawn on
the discontinuance of the assurance.
The assured will thus always have the option of retain-
ing either au ascertained fixcd.sum payable at decease,
or, in case of need, of withdrawing a certain amount, ac-
cording t the duration of the Policy, such amounts being
set forth on every Policy, and rendering unnecessary any
future reference to the Company on these points, as is the
case with ordinary assurances.
Creditors assuring the lives of debtors will appreciate
this feature as one greatly protective of their interests, and
it will likewise commend itself to bankers, capitalists, and
others who are in the habit of making advances collaterally
secured by Life Policies, as they can at any time learn, by
mere inspection, the exact value, either immediate or re-
versionary, of a Policy of this description.
Every Policy issued on this plan will be without any
conditions as to voyaging, foreign residence, or other usual
limitations. By this freedom from restrictions of all kinds
the objections before referred to will be entirely removed,
and the Policies will become at once positively valuable as
actual securities.
In addition to the foregoing statement of advantages,
the number of premiums is strictly defined. The longest
term provided for is twenty-five years, and the shortest
five years, as shown by the Tables. Thus, bankers, credi-
tors, and others holding policies of this class as security,
may always know the utmost amount they may be called
upon to advance so as to maintain the full benefit of the
Assurances—a matter of great importance where policies
are held as collateral security.
It is only necessary to add that, as a consequence of the
policies under these tables being unforfeitable and uncon-
ditional, they will also be nnchallengeable on any ground
whatever. They may therefore be aptly termed Absolute
Security Policies.
The PRUDENTIAL ASSURANCE COMPANY pos-
sesses an income of £215,000 a year. Its position is un.
questionable, and it obtains the largest amount of new
business of any office in the Kingdom. SPECIAL
AGENTS WANTED.
HENRY HARBEN, Secretary. •

A.D. 1720.

ROYAL EXCHANGE ASSURANCE
CORPORATION.
(Established by Charter of his Majesty George the First),
For SEA, FIRE, LIFE, and ANNUITIES.
Offices—ROYAL EXCHANGE, London.
Branch Office-29, Pall Mall, S.W.

OCTAVIUS WIGRAM, Esq Governor.
JAMES STEWART H9DGSON, Esq Sub-• Governor.
CHARLES JOHN MANNING, Esq Deputy-Governor.

Robert 13'irclay, Esq.
John Garratt Cattley, Esq.
Mark Currio Close, Esq.
Edward James Daniell, Esq.
William Davidson, Esq.
Lancelot William Dent, Esq.
Alexander Druce, Esq.
Fredk. Joseph Edlmann, Esq.
Charles Rermann Goschen,
Esq.
Riversdale Wm. Grenfel],
Esq.
Francis Alex. Hamilton, Esq.
Robert Amadeus 'Tomb, Esq.
Medical Referee, Sam

DIRECTORS.
William Tetlow Hibbert,
Esq.
Wilmot Holland, Esq.
Egerton Hubbard. Esq.
Nevile Lubbock, Esq.
George Forbes Malcoirnson,
Esq.
Lord Josceline Wm. Percy.
Charles Robinson, Esq.
Samuel Leo Schuster, Esq.
Eric Carrington Smith, Esq.
Joseph Somes, Esq.
William Wallace, Esq.
Charles Baring Young, Esq.
,uel Sol]y, Esq., F.R.S.

NOTICE.—The usual fifteen days allowed for payment
of FIRE PREMIUMS falling due at Lady Day will expire
on the 9th of April.
FIRE and LIFE ASSURANCES may be effected on
advantageous terms.
The Duty on Fire Assurances has been reduced to the
uniform rate of ls. 6d. per cent, per annum.
No charge is made by this Corporation for Fire Policy
or Stamp, however small the Assurance may be.
FA "MIND STOCK.— No Extra Charge is made for the
use of Steam Thrashing Machine&
The Rever-ionary Bonus on British LIFE POLICIES
has averaged nearly 2 per cent.:per:annum on the sum
assured.

Equivalent reductions have been made in the Premiums
payable by persons who preferred that form of Bonus.
The Divisions of Profit take place every Five Years.
Any sum not exceeding £15,000 may be insured on one
Life.
This Corporation affords to the AsFured
Liberal participation in Profits, with the guarantee
of a large invested Capital Stock, and exemption
under Royal Charter from the liabilities of part-
nership.
The advantages of modern practice, with the secu-
rity of an Office whose resources have been tested
by the experience of nearly a CENTURY AND A
HALF.

ROYAL EXCHANGE, LONDON.
ROBERT P. STEELE, secretary.

EAGLE INSURANCE COMPANY,
LONDON.
Report of the Directors for the year ending the 30th
Juno, 1868, read at the Annual General Meeting of
Pi oprietors, 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, 30nr JUI'E, 1868.
PR. INCOME OF TILE YEAR.
Balance of amount, 30th
June, 1867, 0981,514 13 9
Less amount distributed
as bonus 208,774 0 0

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

£3e0,811 8 3
Interest from invest-
ments 117,584 7 3

£498,395 15 11
Profit and loss, balance
of account 46070 13 3
544,466 9 2
Total income '

£1,317,207 2 11

On. CHARGE or THE YEAR*
Dividend to proprietors
010;-ns on decease of lives
assured .................. 4265523 13 5
Additions to those under ,
participating policies... 22,816 4 7
Policies surrendered...„ 28642 1l 3
Re-assurances, new ...... 3,270 15 4
Ditto, old ..................... 50;365 0 8

---
£8,877 5 0
, ......

Commission ............ £370,618 5 3
... 11,702 15 0
Medical fees ............... 751 16 2
Income tag,..... 2,216 4 7
Expenses of manage-
ment..

, .................. ... 15,489 8 5

400,777 9 5

Total cbargA ..... .......... £409,654 14 5
Balance of account, 30th June, 1868...... 907,552 8 6

£1,317,207 2.11
Examined and approv s 1
THOMAS ALLEN} Auditors
. HENRY ROSE,
The total income of the year, it will bo 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 Bs. Gd.
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 £sl2s. per cent.
The premiums on new assurances are £14,596 is. 91,
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 loss 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 officeslast absorbed
by the company. The whole expenditure, however, in-
cluding income tax, is at the rate of little more than 5.1
per cent. on the total income.
The balance-sheet is as follows :
DR.
Interest due to proprietors
Claims ou decease of lives assured, and
additions thereto unpaid 61,530 4 5
Sundry accounts 45,875 13 6
Liability under sums assured, &c. (1867) 6,369,469 11 7
Proprietors' fund 173,792 10 0
Surplus fund as before 907,552 8 6

£6,977 13 3

Total .................................... £7,565,198 1 3
CR. ASSETS.
Amount invested in fixed mortgages ... £1,460,772 2 7
Ditto ditto decreasing ditto ...... 183,979 17 10
Ditto ditto reversions ... ......... 347,136 5 5
Ditto ditto funded securities . .... 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. .- .................................... 159,503 14 9
Agents' balrAces .............................. 27,112 9 6
Sundry accounts .............................. 112,460 15 0
Value of premiums (1867)
Value of re-assurances 86,860 13 9

36,243 7 6
22,604 2 9

Total., .................................. £7,565,198 1 3
Examined and approved.
THOMAS A LLEN,)
HENRY ROSE, j- Auditors.
The present diepositionef 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 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. 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. Thos. Godfrey Sambrooke,
Wm. Augustus Guy Esq.
F.R.O. I Admiral Tindal.; '