The Sun.
London, England, 1869-10-20 00:00:00

PRICE OF GOLD.

The quotation of gold at Paris is about at par, and
the short exchange on London is 25f. 15a. per £1 sterling.
On comparing these rates with the English Mint price of
£3 128.104 d. per ounce for standard gold, it appears that
gold at the above price is slightly dearer inlParis than in
London.

The course of exchange at New York on London for bills at GO
days sight was 1071 per cent. on the 19th inst. At this rate tiler
would be a loss on the transmission of gold from the United
States.

EAGLE INSURANCE COMPANY,
LONDON.

REPORT OF THE DIRECTORS,

For the Year ending 30th June, 1869, read at the Annual
General Meeting of Proprietors, 13th August, 1869,

WILLIAM FREDERICK DE LA RITE, ESQ., Deputy-
Chairman of the Company, in the Chair.

The Report which the directors have now to submit to
the proprietor differs in its tenor but little save in one or
two particular from that laid before then. in 1868.
fhe income of the year, it will le seen, amounts t
f 540,499 18s., and the total charge t. £445,077 10s. 9d
The difference, £95,422 7s. la, added to the balance of
the surplus fund at the commencement of the financial
year, taised that item to £1,002,974 15s. 9d., its present
amount.

SURPLUS FEL)4D ACCOUNT, JUNE 30, 1869.
INCOME OF THE YEAR.
Du. £ s. d.

Balance of account, 30th
June, 1868
ereminms on new assur-

ances
on old ditto ,

13,556 5 1
357,988 7 0

371,548 12 1
Interest from investments 120,959 12 10

Profit and loss, balance of
account

492,508 4 11

47,991 13 1

£ s. d

907,152 8 6

total income

£1,448,052 6 6
Examined and approved.
MA S ALLEN,Z Auditors.
HENRY ROSE,
CHARGE OF THE YEAR.
s. d.

CR.
Dividend to proprietors
Claims on decease of lives
assured
Additions to those under
- -

participating policies 24,304 6 6
Policies surrendered
Re-assurances—new
Ditto old

Commission
Medical fees

405,561 12 1
10,618 it 2
760 18 0

Income tax

X s. d.
8,880 4 0

8,017 15 8

Expenses of management 16;238 9 10

436,187 6 9

Total charge
Balance of account, June 80, 1869, as per
balance-sheet

£1,448,052 6 6
The total of premiums received is £371,548 12s. ld., of
which sum £13,560 ss. ld. is for new assurances effected
in the year.
The interest from investments is £120,959 12s. 10d., 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 loss account again exhibits a considerable profit,
amounting this year within a trifle 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-
luennial average is generally pretty sure to obtain, and
the fact that the average for the past two years barely ex-
ceeds £309,000 tends to confirm that statement.
The expenses of management. are greater by nearly
£BOO than they were last year. They would have been
materially less but for the unavoidable cost of transferring
the compan3'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, Jrriz 30, 1869.
DR. LIABILITIES.
Interest due to proprietors
.laims on decease of lives assured, and
Addditions thereto unpaid 108,940 6 7
Sundry accounts
sums assured, &c. (1867) 6,336,626 8 2
Proprietors fund 172,202 10 0
Surplus fund 1,002,974 15 9

£6,757 17 0

£7,675,813 0 10
Examined and approved.
THOMAS ALLEN'I. Auditors.
HENRY ROSE,
Cu. ASSETS.
Lniount invested in fired mortgages £1,661,699 9 2
Ditto ditto decreasing ditto 162,770 15 2
Ditto ditto Peversions 278,557 16 6
Ditto ditto Funded securities 491,303 4 2
)itto ditto Temporary secu-

rities
nirrent interest on the above investments
:lash aull bills
Advanced on security of tho compiny's

polici4AQ
A balances
`-,andry.accoullt,
Value of precninins (18G7)
Value or v4-assurances

198,207 17 0
30,931 4 6
12,256 15 10

ir,5,387 1 8
25,189 16 8
57.331 7 9
4 506,167 18 0
85,706 11 5

.£7,675,813 0 10

The balance-sheei, doPa not appear to can for any ro-
tnark. The assets are, of course, increased by the sum of
£9542.2 75. :)d. already mentioned, as is shown by tha
amsmentation to that extent in the balance of the surplus
fund.

Tho 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. George Russell, Esq.
SirJ.BullerEast, Bt., D.C.L. Thomas Godfrey Sambrook°
Win. A •'.gust us Guy, M.D., Esq.
F.P.S.Admiral Tindal.

enar!esTbos.Holcombe,Esq. Right Hon. Sir John Young;
Joshua Lockwood, Esq. Bart., K. 0.8.

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