The Sun.
London, England, 1869-06-03 00:00:00

THE LOMBARD EXCHANGE AND
NEWS-.lloolt.
Lombard-street, Loudon.
MANAGER—Mr J. IL YOUNGRUSBANDOate Treasurer

and Secretary of the Liverpool Exchange.
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_ .
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BRITON MEDICAL AND GENERAL
LIFE ASSOCIATIO.N.
Chief Offices-429, Strand, London.
TRUSTEE 4.
Lieut.-General Sir J. E. IR. Partridge, Esq., F.R.S.
Dupuis, K.C.B. I Fr*cis Webb, Esq.
Sir James Duke, Bart. W. Tyler Smith, M.D.
Sir W. Fergusson, Bart., I Millis Coventry, E. 4.

F.R.S.
CHAIRMAN OF THE BOARD —FRA.NCIS WEBB, Esq.
DEPUTY CHAIRMAN W. TYLER SMITH, Esq.
EXTRACTS from the FIFTEENTH ANNUAL RE-
PORT, read at the Annual General Meeting held at the
Society's House on Thursday, 18th March, FRANCIS
WEBB, Esq., in the chair.
The directors have received 3,212 proposals for assur-
ing the sum of £972,866 18s. 9d. 2,472 policies were
issued, assuring £703,451 4s. and producing in annual
premiums the sum of £25,227 Bd.l
The following tabulated returns exhibit the new busi-
ness transactions during the threol quinquennial periods :

4
.
te
. 0 .9
0 0 pm 0,!..,
... .2.) 0
, 0 6 a Amount c; m Amount Annual
4 Frg 0 proposed. •i 6. Assured. Premiums.
.5 tl Pi 7;
aec,
£ s. d.
£ s. d. £ s. d.
1848 4,802 1,023.140 0 0 3,318 054,140 0 0 21,347 16 5
1863 13,244 2,779,666 0 0 9.746 2,037.383 0 0 63,507 19 10
1868 17,466 4,861,303 5 9 13,699 3,752,967 4 8 122,257 17 6
_ _ ---
Total.. 35,512 8,664,109 5 9 26,763 6414,490 4 8 207,113 13 9

The net premium income has increased to
the sum of ........................... .
The interest on investments and other items
of receipt yield

6,704 .1 7

1,276 18 1

Making a total income of £237.980 19 8
The claims were 335, amounting to the sum of £127,886
12s. id.
The balance of the year's income was £68,026 9s. 4d.
The assets of the association at the close of the year
amounted to £667,493 Bs. sd.
The directors draw special attention to the fact thr t the
next bonus valuation will take place at the end of the year
1872, and that all polices effected on the profit scales prior
to the 31st December, 1869, will be entitled to participate
in the same,
The directors also draw attention to the successful esta-
blishment during the past year of the Britannia Fire
Association, under the auspices of the Briton. The direc-
tors believe that the establishment of a Fire Company, to
work in active co-operation with the Life, will tend much
to the advantage and profit of both institutions. It is
scarcely necessary to remark that the capital funds and
constitution of each office are quite separate and distinct.
By order of the Board,
JOHN DIESSENT, Actuary and Secretary.
London, March 18, 1869.

EAGLE INSITRANCk 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, 1867, after deduction of this
bonus—that is to say, with the &bit of £772,740 13s. 9d.

SURPLUS FUND ACCOUNT, 30Tu JUNE, 1868.
Dn. INCOME OF THE YEAR.
Balance of account, 30th
June, 1867, £981,514 13 9
Less amount distributed
as bonus 208,774 0 0
£772,740 13 9
Premiums on new assur-
ances
Ditto on old ditto 366,215 7 3

£380,811 8
Interest from invest-
ments 117,584 7

£498,395 15 11
Profit and loss, balance
of account 46,070 13 3
544,466 9 2
Total income

£1,317,207 2 11
On. CHARGE OF THE YEAR
Dividend to proprietors
Clar,na 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 ...... 3,270 15 4
Ditto, old 50,365 0 8

£370,618 5 3
Commission 11,702 15 0
Medical fees 751 16 2
Income tax .............. 2,215 4 7
Expenses of manage-
ment 15,489 8 5
400,777 9 5

Total chargA
907,552 8 6
Balance of account, 30th June, 1868

£1,317,207 2 11
Examined and approv
THOMAS ALLEN,/ Auditors
HENRY ROSE,
The total income of the year, it will be seen, is .£544,466
9s. 2d., and the total outgo £409,654 14s. sd. ; the diffe-
rence, or the sum laid by- viz., £134.811 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, 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 officeslabt absorbed
by the company. The whole expenditure, however, in-
chiding income tax, is at the rate of little more than
per cent. on the total income.
The balance-sheet is as follows
1 DR. LIABILITIES.
Interest due to proprietors
Claims on decease of lives assured, and
additions thereto unpaid 61,530 4 5
Sundry accounts
Liability under sums assured, sm. (1867) 6,369,169 11 7
Proprietors' fund
Surplus fund as before 907,552 8 6

£6,977 13 3

Total 47,565,198 1 3
CR. ASSETS.
Amount invested in fixed mortgages 41,460,772 2 7
Ditto ditto decreasing ditto 183,979 17 10
Ditto ditto reversions 847,136 5 5
Ditto ditto funded securities 479,932 13 3
Ditto ditto temporary securities
Current interest on tho above invest _ _

,_,.......__
ments 36,243 7 6
Cash and bills 22,604 2 9
Advanced on security of the company's
policies....
Agents' balLaces
Sundry accounts
Value of premiums (1867) • .... 4,506,167 18 0
Value of re-assurances 86,860 13 9

Total £7,565,198 1 3
Examined and approved.
THOMAS ALLEN
HENRY ROSE, Auditors.
The present disposition of the Company's funds is shown
by this account. 011 ern-Taring it with that of 1867, it
will bo 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.
Tho direction of the company is now constituted as
follows :
The Right lion. Sir JOHN YOUNG, Bart., K.C.B. Chair-
man.
WILLIAM FREDERICK DE LA RUE Esq., Deputy-
Chairman.
Charles Bischoff, Esq. Chas. Thos. Holcombe, Esq.
Thomas Boddington, Esq. Joshua Lockwood, Esq.
Charles Chat fold, Esq. James Murray, Esq.
Sir J. Buller East, Bart., Philip Rose, Esq.
D.C.L. George Russoll, Esq.
Robert A. Gray Esq. I Thos. Godfroy Sambrooke,
Win. Augustus Guy M.D., Esq.
F.R.S.I Admiral