The Sun.
London, England, 1869-05-10 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, 30TH JUTE, 1868.
PR. INCOME OF THE YEAR.
Balance of account, 30th
June, 1867, £981,514 13 9
Less amount distributed
SS bonus

Prrrniums Pn now asssur-

208,774 0 0

oon old ditt0,,,,,,,, 36146:269156 71 35
Ditto

£350,811 8
Interest from invest-
ments ..................... 117,584 7

Profit and loss, balanco
of account .
Total inc0me,,,,,,,,,,,,,, £498,395 15 11

'''''''''' 46,070 13 3

£772,740 13 9

L 66 9 2

£1,317,207 2 11

Cu. CHARGE OF THE YEAR £8,877 5 0
Dividend to proprietors
010.ns on decease of lives
assured .................. £265,523 13 5
......
Additions to those under
participating policies... 22,816 4 7
Policies surrendered,..... 28642 11 3
Re-assurances,old ... ... new3'27o 15 4
Ditto, .............. 50,365 0 8

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

Balance of accounts.
Total chargA ..
............ ..... £409,654 14 5
..
th june. 1868 ...... 907,552 8 6

£1,317,207 2 11
Examined and approv ,f 1
THOMAS ALLEN}HENRY ROSE,
The total income of the ear, it will be seen, is £514,456
Auditors
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 .E 2,897,1 Fl 7
--• I mentioned in the last year's report.
The whole assets, productive and unproductive, may there-
fore be considered as havin
morn than 4 per cent. ; or g improvedthe at the rate Of rather
various extraneous profit
u
chided, at upwards of £5 12s. per cent. sshown sources, of£be46,oi7no-
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 o f last
Aconsiderable
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 offieeslast absorbed
by the company. The whole expenditure, however, in-
cluding income tax, is at the rate of little more than 5.1-
e.d
per cent. on the total income.
The balance-sheet is as follows :
Dn. LIABILITIES.
Claims on decease of lives assures, and
additions thereto unpaid ..... . 61,580 4 5
Interest duo to proprietors ... ... ..... .
&c. (1867) 6,369,469 11 7
Sundry accounts 45,875 13 6
Proprietors' Liability
Surplus fund as before 907,552 8 6
173,792 10 0
undfeurndaum...g..a.r. ..

.0,97713 3

Total ......•• X 7,565,198 1 3
CR. ASSETS.
Amount invested in fixed mortgages ... X 1,460,772 2 7
Ditto ditto decreasing ditto ...... 183,979 17 10
Ditto ditto reversions ............... 347,136 5 5
Ditto ditto funded securities 479,932 13 3
Ditto ditto temporary securities
Current interest on the above invest-

36,243 7 9t.
22,604 2 9

ments ...........................................
Cash and bills ....................................
Advanced on security of the company's
policies.... ..................................... 159,503 14 9
Agents' half Aces .............................. 27,112 9 6
Sundry accounts .............................. 112,460 15 0
Value of premiums (1867)
Value of re-assurances 86,860 13 9

Total .................................... £7,565,198 1 3
Evunined and approved.
THOMAS
A LLEN') HENRY ROSE, i Auditors.
The present dielposition of the Company's funds is shown
by
illthbies
observed
g it with that of 1867, it
that further m
fuerethelpraininvestments have been made
w
on mortgage and in the Government funds, and that about
£ll,OOO more has been advanced on security of the com-
account.
pany's policies. Exclusive of the sum indicating the value
Of tii,3 future premiums, the assets amount to £3,059,030
38. ad.
'rho direction of the company is now constituted as
follows :
The Right Hon. Sir JOHN YOUNG, Bart., H.C.B. Chair-
Math
WILLIAM FREDERICK DE LA RUE E
sq., y-
Deput
Chairman.
Chas. Thos. Holcombe, Esq.
Charles Bischoff, Escb
Thomas Boddington, Esq. Joshua Lockwood Es , q.
Charles Chatfield, Esq. James Murray, Esq.
B
Sir J. Buller East, art., Philip Rose, Esq.
George Russell, Esq.
D.C.L.
Robert A. Gray: EEL- _ Thos. Godfrey Sambrooke,
Win. Augustus Guy Da.D., F4sq.
rare). Admiral Tindal.: