The Sun.
London, England, 1869-02-04 00:00:00

SURPLUS FUND ACCOUNT, 30rht JUTE, 1868.
INCOME OF THE YEAR.
Balance of account, 30th
June, 1867, £981,514 13 9
Less amount distributed
as bonus 208,774 0 0
Premiums en new nssur-

ances
Ditto on old ditto ... 366,215 7 3

.£3t:0,811 8 3
Interest from invest- •

ments
117,581 7 3

.C 772,740 13 9

£498,395 15 11
Profit and loss, balance .
of account
-i Total incme
---- 544,466 9 2

OR. C trAnon OP THE YEAR
X1,317;207 2 11
Dividend to proprietors
£8,877 5 0
Claims on decease of lives
assayed .£265,523 13 5
Additions to those under

participating policies.— 22,816 4 7
Policies surrendered 28,642 11 3
Re-assurances, now
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

Total charge ...,„ £109,654 14. 5
Balance of account, 30th Juno. 1868 907,552 8 6

£1,317,207 2 11
Examined and approve'
THOMAS ALLEN}
II ENRY ROSE, Auditors.
The total income of the year, it will be seen, is 4514,466
9s. 2d., and the total outgo £109,654 14s. sd. ; the diffe-
rence, or the sum laid by—viz., £184,811 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 cent. ; or 2 if the profit shown of £46,070
13s. 3d., derived from various extraneous sources, be in-
at upwards of £5 12s. per cent.
eluded,

The premiutns 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 officeslast 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
DE. LIABILITIES.
Interest due to proprietors
and
61,530 4 5
Sundry accounts
Liability under sums assured, &c. (1867) 6,369,169 11 7
Claims on
additionsdtehceeraesteo of
unpaid
paiveids assured,
Proprietors' fund 173,792 10 0
Surplus fund as before 907,552 8 6

CR. ASSETS.
Amount Total
lested in fixed mortgages :71:341:4866597053, , , :597:0797362:
11457:
19::
Ditto ditto decreasing ditto
Ditto ditto reversions
Ditto ditto funded securities
Ditto ditto temporary securities
Current interest on the above invest-
tuents , 36,243 7 6
Cash and bills 22,604 2 9
Advanced on security of the company's
policies
Agents' balances
Sundry accounts
Value of premiums (1867) ..... 4,506,167 18 0
Value of re-assurances 86,860 13 9

Total £7,565,198 .1
Examined and approved.
THOMAS A LLEN,I Auditors.
HENRY ROSE, r
The present disposition of the Company's funds is show❑
by this account. On conparing 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 futuro 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.8., 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. I Thos. Godfrey Sambrook°,
Wm. Augu,stUS (buy,Esq.
Admiral Tindal,'