The Sun.
London, England, 1869-05-21 00:00:00

''hn r

let premium income has increased to

_ n
the suit of £2
The interest on investments and othei 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. ld.
The 'balance of the year's income was £68,026 9s. 4d.
The assets of the association. at the close of the year
amo2-:-.Vzi to £667,493 Bs. bd.
--The directors' draw special attention to the fact thrt the
next bouni valuation will take place at the end of the year
1872, and ;hat all polices effected on the profit scales prior
to the 31A December, 1869, will be entitled to participate
in the same.
The directors also draw atten.ion 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 establishmea of a Fire Company, to
work in active co-operation with the Life, will tend much
to the nAvan'ags and profit of both institutions. It is
scarcely necessary to remark that the capital funds and
constitution of each ofinv are quite separate and distinct.
liv order of the Venni,
JOHN 3IESSENT, Actuary and secretary.
London, Marc 18, 1869.
•

EAGLE INSURANCE COMPANY,
LONDON.
Report of the Directors for the year ending the 30th
June 1868, read at the Annual General Meeting of
oprieter. August 14, 1868—Colonel CHARLES
WET HEICALL, 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 pr.riod 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. 9(1.

SURPLUS FUND ACCOUNT, 30TH JUNE, 1868:
PR. INCOME OF TIM YEAR.
Balance of aecout,t, 30th
June, 1867, £981,514 13 9
Less =omit distributed
as bonus 208,774 0 0 _

Premiums c n new assur-

fITICVS ~

14,596 1 5

Ditto on old ditto 3:36,215 7 3

£350,811 8

Interest from invest-
ments 117,584 7

X 772,740 13 9

£198,395 15 11
Profit and loss, balance
of Recount
Total inc. ue 541,466 9 2

11,314-:21.11 Z 11

CR. CHARGE OF THE YEAR
Dividend to proprietors
Clorms ou decease of lives
assured £265,523 13 5
Additions to those under
p.rticipating policies—. 22,816 4 7
Policies surrendered 28,642 11 3
lie.assu rances, new 3,270 15 4
Ditto, old 50,365 0 8

£370,618 5 3
Commission
Medical fees
Income tax 2,215 4 7

Expenses of manage-
ment 15,489 8 5

400,777 9 5

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

Examined and approv £1,317,207 2 11
THOMAS ALLEN,t d
Au itors
HENRY ROSE,
The total income of the year, it will be seen, is £514,466
95. 2d., and the total outgo £409,654 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 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 officeslast absorbed
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 .
Dlt. LIABILITIES.
Interest due to proprietors
Claims on decease of lives assured, and
additions thereto unpaid
Sundry accounts
Liability under sums assured, &c. (1867) 6,3,69,169 11 7
Proprietors' fund
862 10 0
Surplus fund as before 907,552

~ £7,565,198 1 3

Total
Cn. ASSETS
Amount invested in fixed mortgages ... £1,460,772 2 7
Ditto ditto decreasing ditto
Ditto ditto reversions 347,136 5 5
Ditto ditto funded securities
Ditto ditto temporary securities 142,424 011
Current interest on the above invest-

36,243 7 6
22,604 2 9

ments
Cash and bills
Advanced on security of the company's
policies..... ,. 159,503 14 9
Agents' balt aces
Sundry accounts
Value of premiums (1867) ..... 4,506,167 18 0
Value of re-assurances 86,860 13 9

Total £7,565,198 1 8
Examined and approved.
T HUM AS A LLEN,}
HENRY ROSE, Auditors.
The present .11,4 position of the,Oompany'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 Governn:eut funds, and that about
£ll,OOO more has been advanced on security of the com-
PsnY's policies. Exclusive of the sum indicating the value
of the future premiums, the assets amount to £3,059,030
3s. 3d.

The direction of the company is row constituted as
follows :
The Right Hon. Sir JOHN YOUNG, Bart., K.C.F. Chair-

man.
WILLIAM FREDERICK DE LA RUE Esq., Deputy-

Chairman.
Charles Bischoff, Esq.
Thomas Boddington, Esq.
Charles Chatfield, Esq.
Sir J. Buller East, Bart.,
D.C.L.
Robert A. Gray: Esq.
Wn►. Augustus Guy M.D.,

Chas. Tlios. Holcombe, Esq.
Joshua Lockwood, Esq.
James Murray, Esq.
Philip Rose, Esq.
George Russell, Esq.
Thos. Godfrey Sau►broolie,
Esq.
dmiral •