The Sun.
London, England, 1869-05-13 00:00:00

.6,704 1 7

The net premium income has increased to
the sum of £2
The interest. on investments and other items
of receipt yield

Making a total income of 1'237,980 19 8
The claims were 333, amounting to tho sum of £127,886
12s. ld.

The balance of the year's income was £68,026 9s. 4d.
The assets of the association at the close of the year
amounted to £667,493 Bs. sd.
The directors draw special attention to the fact thet 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 entitlei to participate
in the same.
•The directors also draw attention to the successful esta-
blishment during the past year of the Britannia Fire
Association, under the auspices 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. lt• is
scarcely necessary to remark that the capital funds and
constitution of each office are quite separate and distinct.

By order of the Board,
JOHN MESSENT, Actuary ani Secretary.
Loudon, March 18, 1869.

EAGLE INSURANCE COMPANY,
LONDON.

Report of the Dir4,etoTs---fer the year endinz the 30th
June, 1868, read dt the Annual General Meeting' of
Proprietors August 14, 1868—Colonel CHARLES
WET HERXLL, K.C.T., Chairman of the Company, in
the Chair. _ _

'1 'ho proprietors will no doubt remember that at the last
anneal 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
,E 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.

STIIIPLUS FUND ACCOUNT, gont JUIE, 1868.
PR. INCOME or THE YEAR.
Balanre of account, 60th . -
June, 1867, .081,514 13 9
Less amount distributed
as bonus 208,774 0 0
£772,710 13 9

Premiums on new nssur-
anct.s
Ditto on old ditto 366,215 7 3

£3 0,811 8

Interest from invest-
ments 117,58i 7

£198,395 15 11
Profit and loss, balanco
of account
Total incNne — 514,466 9 2

.£1,317,207 2 11

CR. CHARGE OF THE YEAR
Dividend to proprietors
Cloi-neon decease of lives
Rewired £265,523 13 5
Additions to those under
participating policies 22,816 4 7
Policies surrendered 28,642 11 3
De-assurances, new
Ditto, old 50,,365 0 8

£370,618 5 3
Commission
Medical foes
Incomo tax 2,215 4 7
Expenses of manage-
ment 15,489 8 5
400,777 9 5

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

£1,317,207 2 11
Examined and approv
THOMAS ALLEN Auditors
HENRY ROSE,
The total income of the year, it will be seen. is £544,466
9s. 2d., and the total outgo £109,654 14s. sd. •, the diffe-
rence, or the sum laid by- viz., £131.811 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 pct. 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 ls.
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 menageinent 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 °flimsiest absorbed
by the company. The whole expenditure, however, in-
cluding income tax, is at the rate of little more than
per cent, on the total income.
The balance-sheet is as follows :
Da.
Interest due to proprietors
Claims on decease of lives assured, and
additions thereto unpaid
Sundry accounts
Liability under sums assured, &c. (1867) 6,369,169 11 7
Proprietors' fund
Surplus fund as before 907,552 8 6

£6,977 13 3

Total £7,565,198 1 3
Cit. ASSETS.
Amount invested in fixed mortgages £1,460,772 2 7
Ditto ditto decreasing ditto
Ditto ditto reversions 3-17,136 5 5
Ditto ditto funded securities 479,932 13 3
Ditto ditto temporary securities 142,424 011
Current interest on the above invest-

36,243 7 6
22,604 2 9

ruents
Cash and bills
Advanced on security of the company's
policies 159,503 14 9
Agents' bah aces
Sundry accounts
Value of premiums (1867)
Value of re-assurances 4 58066;816607
1138
90

T0ta1.......... £7,563,198 1 3
Ezatnined and approved.
THOMAS ALLEN
'
HENRY ROSE, ) Auditors.
The present digmnitionof the Company's tunas is shown
by this account. On comparing it with that of 1867, it
will be observed that further investments have been made
on mortgage and in the Government Nods, and that about
£ll,eoo more has 1)0,1 advanced on security of the com-
pany's 'policies. Exclusive of the sum indicating the value
of the future premiums, the assets amount to .C 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 Chatfield, Esq. ,
Sir J. Buller East, Bart.,
D.C.L.
Robert A. Gray: Esq.
Wm.- Augustus • Guy

Miss. Thos. Holcombe, Esq.
Joshua Lockwood, Esq.
James Murray, Esq.
Philip Rose, Esq.
George Russell, Esq.
Thos. _Godfrey Sambrook°,
Esq.
A dmiral