The Sun.
London, England, 1869-03-09 00:00:00

EUROPEAN ASSURANCE SOCIETY.
Empowered by Special Act of Parliament.
For Life Assurance, Annuities, and Guarantee of Fidelity in
Situations of Trust.
Chairman— General Sir FREDERIC SMITH, K.H., F.R.S.
Policies payable during Life—lndisputable—Not liable to
Forfeiture.
Annual Income exceeds Three Hundred and Fifty Thousand
Pounds.
The Annuity Tables, offering special advantages to Annuitants,
and full particulars of the popular Principles of this Society, will
be found in the New Prospectus, which will be forwarded to
applicants post free.
HENRY LAKE, General Manager.
316, Regent-street, and 17, Waterloo-place Pall mall, London.

ROYAL INSURANCE COMPANY.
HEAD OFFICES:
Royal insurance Buildings Lombard-street, London.
Royal Insurance Buildings North John-street, Liverpool.
CAPITAL, TWO MILLIONS STERLING.
Total Annual Revenue exceeds £Boo,roo
Accumulated Funds in hand X1,500,000
LIFE DEPARTMENT.
Life and Annuity Funds....
SPECIAL ADVANTAGES—
Exemption of Assured from Liability of Partnership.
BONUSES among the largest ever declared by any Company.
Profits divided every live years.
All new Life Insurances now effected will become entitled
to an Increased Share of the Profits.
FIRE DEPARTMENT.
Premiums in 1867 £46),553.
REDUCTION OF DUTY.—Since this first took place the increase
of business of the ROYAL has exceeded that of any other Office,
as shown by Government Returns.
Prompt and liberal settlement of Losses.
JOHN TI. McLAREN, Manager.
JOHN B. JOHNSTON, Secretary in London.

EAGLE INSURANCE COMPANY,
LONDON.

Report of the Directors for the year ending the 80th
June, 1868, read at the Annual General Meeting of
Proprietors' August 14, 1808—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
quingnennial period then terminating, and that a bonus
was ,h-elared in respect of it amounting to the sum of
.£208,77.1. 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 JUFE, 1868.
DR. INCOME OF THE YEAR.
Balance of account, 30th
June, 1867, £981,514 13 9
Less amount distributed
as bonus 208,774 0 0
£772,740 13 9

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

.£30,811 8 3

Interest from invest-
ments 117,581 7 3

.£498,395 15 11
Profit and loss, balance
.............. 46,070 13 3
of account .
Total income ............... 514,466 9 2

.£1,317,207 2 11

CR. CIIARGE 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 ...... 3,270 15 4
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 Ina Dago-
went ........................ 15,489 8 5
400,777 9 5

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

£1,317,207 2 11

Examined and approve
THOMAS ALLEN )
f
HENRY ROSE, Auditors.
The total income of the year, it will be seen, is £544,466
92d and the total outgo £409,651 14s. sd. ; the diffe-
rence, "or the sum laid by- -viz., £134,811 14s. 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 cant. ; or, if the profit shown of £46,070
13s. 3d., derived from vanous 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 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 less than those of last
year by upwards of £1,400. But they still include charges
incurred in the final closing of the two ofHceslast absorbed
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 follows :
Dn. 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 347,136 5 5
Ditto ditto funded securities 479,932 13 3
Ditto ditto temporary securities
Current interest on the above invest-
ments 86,243 7 6
Cash and bills 22,604 2 9
Advanced on security of the company's
159,503 14 9
policies....• 27,112 9 6
Agents' balieces
Sundry accounts
Value of premiums (1867) ..........
86,860 13 9
Value of re-assurances
------

Total .................................... £7,565,198 1 3
Examined and approved.
THOMAS A LLEN,} Auditors.
HENRY ROSE,
The present disposition of the Company's funds is
1867 shown
by this account. On ccmpaying it with tof ,it
will be observed that further investments have been made
on mortgage and in the GOVellatrent 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. Grayl Esq. Thos. Godfrey Sambrooke,
Wm. Augustus Guy, M.D., Esq.
F.R.S. I Admiral Tindal.: