The Sun.
London, England, 1869-08-25 00:00:00

EAGLE INSURANCE COMPANY,
LONDON.
REPORT OF THE DIRECTORS,
For the Year ending 30th Juno, 1869, read at the Annual
General Meeting of Proprietors, 13th August, 1869,
WILLIAM FREDERICK DE LA RUE, Ese., Deputy-
Chairman of the Company, in the Chair.
The Report which the directors have now to submit to
the proprietors differs in its tenor but little save is one or
two particulars from that laid before then, in 1868.
The income of the year, it will be seen, amounts to
£540,499 18s.„ and the total charge to £145,077 10s. 9d
The difference, £95,422 7s. Bd., added to the balance 0.
the surplus fund at the commencement of the financia
year, laised that item to £1,002,974 15s. 9d., its present
amount.
SURPLUS FUND ACCOUNT, Jusz 30, 1869.
INCOME OF THE YEAR.
£ s. d.

£ e. d

DR.
Balance of account, 30th
June, 1868
Premiums on new assur-
ances
Ditto on old ditto 357,988 7 0

371,318 12 1
:nterest from investments 120,959 12 10

492,508 4 11 .

Profit and loss, balance of
account

Total income

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

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

£ s. d.
8,880 4 0

~ 305,614 3 6

participating policies 24,304 G G
Policies surrendered
Re-assurances - new
Ditto old 51,009 4 1

Commission
Medical fees

405,561 12 1
10,618 11 2
760 18 0

ncome tax

;917 15 8

Expenses of management 16,238 9 10

436,187 6 9

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

£1,448,052 6 6

The total of premiums received is £371,5-18 12s. id., of
which sum £13,560 ss. ld. is for new assurances effected
in the year.
- The interest from investments is £120,959 1.2. 10d., or
.£4 2s. per scut. on the net amount of the company',
realised assets existing in June, 1865 ; and in connection
• with this important feature of the company's affairs the
directors have the satisfaction of reporting that the pro!i;
and lass account again exhibits a considerable profi%
amounting this year within a trifle to the sum of £18,00.1.
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 tho 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 03 a previous occasion, the proper quin-
quennial average is generally pretty sure to obtain, and

the fact that the averige for t-hepasttwo years barely ex-
ceeds .£30!1,000 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 reearded 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

£6,757 17 0

,
additions thereto unpaid 108,940 6 7
Sundry accounts
Liability under sums assured, &e. (1867) 6,336,626 8 2
Proprietors' fund
Surplus fund

£7,675,813 0 10
Examined and approved.
THOMAS ALLEN,} Auditors.
HENRY ROSE,
CR 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 C
Ditto ditto Funded securities 491,303 4 2
Ditto ditto Temporary secu-
rities 198,207 17 C
Current interest on the above investments 30,934 4 C
Cash and bills 12,256 15 10
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

£7,675,813 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
rollowa:

WILLIAM FREDERICK .OE 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 Dimon, Esq.
S irJ. Buller East, Bt., D.C.L. 7 homas Godfrey Sambrook°,
Wm. Augustus Guy, M.D., Esq.
F.R.S. Admiral Tindal.
CharlesThos.llolcombe,Esq. Right Hon. Sir John Young,
Joshua Lockwood, Esq. Bart., K.C.B.

LONDON and COUNTY BANKING
COMPANY.

Notice is hereby given, thata DIVIDEND on the
CAPITAL of the Company, at the rate of Six per Cent
for the half-year ending 30th June, 1869, with a BONUS
of Two and a Half per Cent., will be PAID to the Pro-
prietors, either at the Head Office, 21, Lombard-street, or
at any of the Company's Branch Banks, on and after
MONDAY, the 16th inst.
By order of the Board,
W. McKEWAN, General Manager.
21, Lombard-street, Aug. 6, 1869.

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