The Sun.
London, England, 1869-07-03 00:00:00

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.0.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, 1807, 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 .1 istributed
as bonus 208,774 0 0

Premiums (.11 new assur-
ances
Ditto on old ditto 366,215 7 3

.0000,011 41

Interest from invest-
ments 117,584 7

£772,740 13 9

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

£1,517;207 2 11
CR. CHARGE OF THE YEAR
Dividend to proprietors
010-ns 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
Ditto, old 50,365 0 8

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

HOMELESS BOYS OF LONDON.—FUNDS
are earnestly solicited for the purchase of food and
clothing for the
126 boys on board the Chichester Training Ship.
150 boys in the Refuge, 9, Groat Queen-street.
94 girls in the Refuges, 19, Broad-street, and Ealing

870 children.
£l5 will keep a boy or girl for one year.
Contributions received by the London and Westminster Bank
214, High Holborn, and 41, Lothbnry, E.C. ; and by
WILLIAM WILLIAMS, Secretary.
No. 8, Great Queen-street, Lincoln's-inn-fields.

A BSOLUTE SECURITY POLICIES, UN-
FORFEITABLE, UNCONDITIONAL, and UN-
CHALLENGEABLE, issued by the PRUDENTIAL
ASSURANCE COMPANY, 62, Ludgate-bill, London,
E.C. 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,
and Unchallengeable.
For the reason referred to, many persons hesitate or
decline to assure on the ground that, in the event of in-
ability or unwillingness to continue payment of their pre-
miums, the Assurance will become forfeited. To this
class of the public the system now introduced will espe-
cially 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 an ascertained fixed 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 aseuring 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 betaefit 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 unchallengeable 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
buciness of any office in the Kingdom. SPECIAL
AGENTS WANTED.

HENRY HAItBEN, 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.

OCTAVITTS IVIGRAM, Esq Governor.
JAMES STEWART H9DGSON, Esq Sub-• Governor.
CHARLES JOHN MANNING, Esq Deputy-Governor.

DIRECTORS.

Robert Barclay, Esq. -
John Garratt Cattley, Esq.
Mark Currie Close, Esq.
Edward James Daniell, Esq.
William Davidson, Esq
Lancelot William Dent, Esq.
Alexander Druce, Esq.
Fredk. Joseph Edlmann, Esq.
Charles Hermann Goschen,
Esq.
Riversdale Wm. Grenfell,
Esq.
Francis Alex. Hamilton, Esq.
Robert Amadeus Heath, Esq.
Medical Referee, Sam,

William Tetlow Hibbert,
Esq.
Wilmot Holland, Esq.
Egerton Hubbard, Esq.
Nevile Lubbock, Esq.
George Forbes Malcolmson,
Esq.
Lord J oseeline W in. Percy.
Charles Robinson, Esq.
Samuel Leo Schuster, Esq.
Eric Carrington Smith, Esq.
Joseph Some; Esq.
William Wallace, Esq.
Charles Baring Young, Esq.
fuel Solly, Esq., F.R.S.

NOTICE.—The usual fifteen days allowed for payment
of FIRE PREMIUMS falling due at Midsummer will ex-
pire on the 9th of July.
FIRE and LIFE ASSURANOES may be effected on
advantageous terms.

FIRE'DUTY.— This Tax baying been abolished, the
PREMIUM is NOW the only charge for Fire Insurances.
FA rMING STOCK.—No Extra Charge is made for the
use of Steam Thrashing Machines.
The Reversionary Bonus on British LIFE POLICIES
has averaged nearly 2 per cent. por annum on the sum
assured.

Equivalent reductions have been made in the Premiums
ayable 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
iife.

This Corporation affords to the Aseured
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
HALL

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