The Sun.
London, England, 1869-03-27 00:00:00

EAGLE INSURANCE 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.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,
ACOCFOTURENYT,EA3R.OTir JI7I`TE, 1868.
Dn. INCOME
Balance of account,, 30th
June, 1867, £981,514 13 9
Less amount distributed
us bonus 2OB 774 0 0
£772,740 13 9

Premiums on new assur-
ances
Ditto on old ditt0,,,,,,,,, 366,215 7 3

£3F0,811 8 3
Interest from invest-
ments 117,584 7 3

X 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

Cn. CHARGE OF THE YE"' £8,877 5 0
Dividend to proprietors
....................
Claims on decease of lives
assured £265,523 13 5
Additions to those under
participating policie 22,816 4 7
Policies surrendered... 28,642 11
Re-assurances, new 3,270 15 4
Ditto, old 50,365 0 8

_ 3
.£370,618 D A
Commission ............... 11, 4
702 u
15 „
Medical fees .............. 751 16

..•
Income tax 2,215 4 7
Expenses of ma nage-
ment l5 489 8 5
' 400,777 9 5

Total charga ........ . • .. ......... £409,654 l 4 5
Balance of account, 30tH. Juno,... 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 se is en, £544,466
9s. 2d., and the total outgo £409,651 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 now assurances are £14,596 ls. 9d.,
and of this sum £3,270 15s. 4d. bas been expended in re-
assurances.
The claims on decease of lives assured are nearly iden-
tical in amount with those of 1866. They are loss 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 fellows :
DR. LIABILITIES.
Interest due to proprietors
Claims on decease of lives assured, and
• additions thereto unpaid
Sundry accounts
Liability under sums assured, ete. (1867) 6,369,169 11 7
Proprietors' fund ...........
Surplus fund as before 907,552 8 6

Total £7,565,198 1 3
CR. ASSETS.
Amount invested in fixed mortgages £1,460,772 2 7
Ditto ditto decreasing ditto
Ditto ditto reversions
Ditto ditto funded secur►ties 479,932 13 3
Ditto ditto temporary securities
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' halo:ices 27,112 9 6
Sundry accounts
Value of premiums (1867)
Value of re-assurances 86,860 13 9

Total £7,565,198 1 3
Examined and approved.
THOMAS A LLEN'I Auditors.
HENRY ROSE, f
The present dispositionof the Company's funds is shown
by this account. On ccmparing 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 hadicating the value
of the future premiums, the assets amount to £3,059,030
as. 3d. - _

The 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 RIIE Esq., Deputy-

Chairman.
Charles Bischoff, Esq. Chas. Thos. Holcombe, Esq.
Thomas Boddington, Esq. Joshua Lockwood, Esq.
Charles Chatfield, Esq. James Murray, Esq.
Sir J. Buller East, Bart., Philip Rose, Esq.
D.C.L. George Russell, Esq.
Robert A. Grays Esq. I Thos. Godfrey Sambroolfe,
Wm. Augustus Guy, M.D., 1 Esq.
UP. I Admiral Tindal.;

THE RESCUE SOCIETY'S HOMES
are as follows :
For Fallen Women.
28, Church-row, Hamp- 150, Now Kent-road.
stead. 48, Church-street, Stoke
13, Ca mden-street, Camden- Newington.
town. Maize-hill Cottage, Green-
-205, Great Portland- street. wick.
For Young Girls in Danger.
27, Church-row, Rampstead.
9, Henstridge-villas, St. John s-wood.
St. Mary's Lodge, Buck hurst-hill.
Country Home—St. James's-street, Dover.
Temporary Home-85, Queen-street, Cheapsido.
In addition to the above-named homes, the Committee
have under their charge three homes for servants of good
character, in which are admitted about 1,000 friendless
servants annually.
The home at Great Portland-street is for young fallen
girls from 10 to 16. The committee ale deeply anxious to
open another house for this pitiable class.
The Society admitted to its homes last year 687 young
women and girls. It was compelled to refuse 524 appli-
cants, whose histories are recorded in the applicant's book.
The Society's Report (of which a contributor writes, l‘ I
never read a report of any charitable institution which so
entirely commended itself to my mind and awoke my
sympathy") maybe had on application.
is
The Society under the presidency of the Earl of
-Shaftesbury. Its. bankers are Messrs. Barclay and Co.
The Committee very earnestly commend 44 was
to the
benevolent DOI,. GOUDA Sec.
6( itrot clawido.