The Sun.
London, England, 1869-05-15 00:00:00

EAGLE INSURA NCE 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
WETIIERALL, 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, 30TH JUYE, 1868.
Pn. INCOME OF THE YEAR.
Balance of Account, 30th
June, 1867, £981,514 13 9
Less amount distributed
as bonus 208,774 0 0
£772,710 13 9

Premiums on now assur-
ances
Ditto on old ditto 366,215 7 3

£390,811 8

Interest from invest-
ments 117,581 7

.£198,395 15 11
Profit and loss, balance
of account
Total inc-nue 514,466 9 2

£1,317,207 2 11

. .
CR. CHARGE OF THE YEAR
Dividend to proprietors
C10;•ns on decease of lives
assured £265,523 13 5
Additions to those under
p,rticipating policies 22,16 4 7
Policies surrendered 28,642 11 3
Re-assurances, new
Ditto, old 50,365 0 8

£370,618 5 3
Commission

Medical fees

'751 16 2

Income tax

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 ~1
THOMAS ALLEN, Auditors
HENRY ROSE,
The total income of the year, it will be seen, is £544,466
9s. 2d., and the total outgo £409,651 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 75.
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, if the profit shown of £46,070
13s. 3d., derived from various extraneous sources, be in-
cluded, at upwards of £5 12s. per cent.
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 £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 officeslastabsorbed
by the company. The whole expenditure, however, in-
cluding income tax, is at the rate of little more than 51-
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
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 s X 7,565,198 1 3
Ca. ASSETS.
Amount invested in fixed mortgages X1,460,772 2 7
Ditto ditto decreasing ditto
Ditto ditto reversions 347,136 5 5
Ditto ditto funded securities 479,932 13 3
Ditto ditto temporary securities 142,424 011
Current interest on the, above invest-
ments 36,243 7 6
Cash and bills 22,604 2 9
Advanced on security of the company's
policies 159,503 14 9
Agents' bah LICOS
Sundry accounts
Value of premiums (1867) ..... 4,506167 18 0
Value of re-assurances 86,860 13 9

Total X 7,565,198 1 3

Examined and approved.

THOMAS ALLEN,l,tuditors.
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
38. 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, En.
Charles Chatfield, Esq.
Sir J. Buller. East, Bart.,
D.C.L.
Robert A. Gray: Esq.
Wriu• AUSWAI4 ci47

Chas. Thos. Holcombe, Esq.
JoAim Lockwnod, Esq
James Murray, Esq,
Philip Rose, E.
George Roast)ll, Er„q,
Thos. Gotrkey Eaulizooke,
Tindal.

ROYAL FREE HOSPITAL, Gray's-inn-road,
in the immediate vicinity of the Great Northern
Railway Terminus, King's Cross.
Patron—Her Most Gracious MAJESTY the QUEEN.
Vice-Patron—
His Royal Highness the Prince of WALES, K.G.
Tr

President—His trace the Duke of BuccLEtat,
This Hospital, founded iu the year 1828, the‘first to
establish the principle of free admission to the sick poor,
without the delay and difficulty of Governors' orders, is
wholly dependent for support on voluntary contributions
and legacies.
It affords relief to a largo number of in-patients, and, in
addition to this, the average number of attendance of the
destitute sick has for a considerable pericid averaged be-
tween 8,000 and 4,000 weekly.
The Committee earnestly solicit the assistance of the
benevolent, as the premises of this hospital are capable of
containing several hundred more beds had the Committee
the requisite funds to maintain them.
Contributions are received by their bankers, Messrs.
Brown, Hansom, and Co., Abchnrch-lane ; also by Messrs.
Coutta and Co.; Drummond and Co. ; Glyn and Co.;
Retries arid flo.; Ransom and Co. ; Prescott, Grote, and
Co.; Smith, Pap.,, and Co.; Barclay and Co. ;
Deacon, and Co.; Nisbet and Co., ilogllors-§troet ; :snd at
the Hospital Iron 10 till b. _. .

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