The Sun.
London, England, 1869-09-02 00:00:00

Income tax V 3,017 15 8
Expenses of management 16,238 9 10

436,187 6 9

445,077 10 9

Total charge
Balance of account, June 30, 1869, as per
balance-sheet

.£1,448,052 6 6

The total of premiums received is £371,548 12s. Id., of
which sum £13,560 ss. ld. is for new aseurancos effected
in the year.
The interest from investments is .£120,959 129. 101, or
£4 2s. per cent. on the net amount of the company's
realised assets existing in June, 1868 ; and in connection
with this important feature of the company's affairs the
directors have the satisfaction of reporting that the profit
and lass account again exhibits a considerable profit,
amounting this year within a hide to the sum of £48,000.
It may be remembered that a profit of nearly equal amount
was announced in last year's report.
Turning to the items constituting the charge of the
year, it will be noticed that the sum payable in satisfac-
tion of claims on decease of lives assured is larger than
usual. This circumstance, however, is not very material;
as was observed oa a previous occasion, the proper quin-
quennial average is generally pretty sure to obtain, and
the fact that the average for the past two years barely ex-
ceeds £30P,000 tends to confirm that statement.
The expenses of management are greater by nearly
000 than they were last year. They would have been
materially less but for the unavoidable cost of transferring
the compan)'s securities into the names of additional trus-
tees. Taken as they are, however, these expenses must
be regarded as very moderate. It will be observed that
they are only three per cent. of the total income.
BALANCE-SHEET, JUNE 30, 1869.
DR. LIABILITIES.
Interest due to proprietors
Claims on decease of lives assured, and
additions thereto unpaid 108,940 6 7
Sundry accounts
Liability under sums assured, &c. (1867) 6,336,626 8 2
Proprietors' fund
Surplus fund

£6,757 17 0

£7,675,813 0 10
Examined and approved.
THOMAS ALLEN,} Auditors.
HENRY ROSE,
ASSETS. _ _

Amount invested in fixed mortgages £1,661,699 9 2
Ditto ditto decreasing ditto 162,770 15 2
Ditto ditto Reversions ~. 278,557 16 6
Ditto ditto Funded securities,.. 491,303 4 2
Ditto ditto Temporary secu-
rities
Current interest on the above investments
Cash and bills
Advanced on security of the company's
Policies 165,387 1 8
Agents' balances
Sundry accounts
Value of premiums (1867) . 4,506,167 18 0
Value of re-assurances 85,706 14 5

198,207 17 0
30,934 4 6
12,256 15 10

£7,676,813 0 10

The balance-sheet does not appear to call for any re-
mark. The assets are, of course, increased by the sum of
£95,422 is. 3d. already mentioned, as is shown by the
augmentation to that extent in the balance of the surplus
fund.
The Direction of the Company is now constituted as
follows:
-- •

WILLIAM FREDERICK DE LA RUE, EsQ., Chairman.
ROBERT ALEXANDER GRAY, EsQ., Deputy-Chairman
Charles Bischoff, Esq. James Murray, Esq.
Thomas Boddington, Esq. Philip Rose, Esq.
Charles Chatfield, Esq. Goorgo Russell, Esq.
SirJ.BullerEast, Bt., D.C.L. 7 homas GodfreySambrooko,
Wiu. Augustus Guy, M.D., Esq.
F.R.S. Admiral Tindal.
CbarlesThos.Hulcombe,Esq. Right Hon. Sir John Young,
Joshua Lockwood, Esq. Bart., K.C.B.

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