The Sun.
London, England, 1869-05-27 00:00:00

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, 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, BOTH JUNE, 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 on new assur-
ances
Ditto on old ditto 366,215 7 3

£380,811 8

Interest from invest-
ments 117,584 7

£498,395 15 11
Profit and I .ss, balance
Prof account 4(3,070 18 9 •
Total income b44,466 9
L'

.£1,817:207 2

CR. CHARGE OF THE YEAR
Dividend to proprietors
Cla;-ns on decease of lives
£265,523 13 5
assured
Additions to those
licies under
22
participating p 0,816 4 7
Policies surrendered 28,642 11 3
Re-assurances, now
Ditto, old
---

£370,618 5 3

Commission
Medical fees
Income tax 2,215 4 7
Expenses of manage-
ment

400,777 9 5

Total charge►
Balance of account, 30th Juno 1868 907,552 8 6

£1,317,207 2 11
Examined and appr THOMAS ALLEN'I_ Auditors
HENRY ROSE,
.1
The total income of the year, it will be 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. 6d.
The interest received during the year is £117,584 7s d
.
3d., arising from the productive portion of the realise
assets of £2,897,157, mentioned in the last year's report.
The whole assets, productive and unproducthe ratetive, ma
of y there-
fore be considered as having improved at
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 .£sl4s. per ce
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 .E 19,000.
A considerable reduction, too, a ears in the amount
pp
of preminnas paid for re-assurance, nifty of tho 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
I incurred in the final closing of the two ofliceslast 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. LIABILITIES.
Interest due to proprietors ........... ......
Claims on decease of lives assured, and
additions thereto unpaid .................. 61,530 4 5
Sundry accounts .............................. 45,875 13 6
Lriaobilietytomun,dfeurndsum...s..a.s.
.....
..................(........... ). 6,316793:71069 1 2 110 70
Proprietors'
907 552 8 6
Surplus fund as before ........................ ,

£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
Ditto ditto reversions 347,136 5 5
Ditto ditto funded securities
Ditto ditto temporary securities 142,424 011
Current interest on the above invest-
ments
Cash and bills 22,604 2 9
Advanced on security of the company's
policies....• . 159,503 14 9
Agents' bah. nces
Sundry accounts
Value of premiums (1867)
Value of re-assurances 86,860 13 9

.C 7,565,198 1 3
Examined and approved.
THOMAS ALLEN,) Auditors.
HENRY ROSE,
The present disposition of the Company's funds 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 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.

Total_

The direction of tho company is now constituted as
follows :
The Right Hon. Sir JOHN YOUNG, Bart., K.C.B. Chair-

man.
WILLIAM FREDERICK DE LA RITE 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.O.L. George Russell, Esq.
Robert A. Grayl Esq. Thos. Godfrey Sambrooko,
Wm. Augustus Guy Esq.
F. 103. Asiathal Ladd.;