The Sun.
London, England, 1869-02-27 00:00:00

ABSOLUTE SECURITY POLICIES, UN-
FORFEITABLE, UNCONDITIONAL, and UN-
CIIALLENGEABLII, issued by the PRUDENTIAL
ASSURANCE COMPANY, 62, Ludgate-hill, London,
E.C.
The Directors of this Company, in deference to an ob-
jection not unfrequently urged by persons invited to as-
sure, that the ordinary mode of Life Assurance is in their
opinion defective or uncertain, by reason of the operation
of the customary conditions, have resolved to promulgate
the present Tables, and to issue Assurances under them
which shall be absolutely Unforfeitable, Unconditional,
and Unchallengeable.
For the reason referred to, many persons hesitate or
decline to assure on the ground that, in the event of in-
ability or unwillingness to continue payment of their pre-
miums, the Assurance will become forfeited. To this
class of the public the system now introduced will espe-
cially commend itself, being entirely free from all condi-
tions of forfeiture on account of non-payment of premium,
or from any other cause whatever; while at the same
time it absolutely guarantees at decease, when even a de-
fault is made in payment of the premium, a fixed sum in
respect of every pi emium paid, bEaring the same propor-
tion to the total amount assured as the number of pre-
miums actually paid may bear to the whole number origi-
nally contracted to be paid.
Besides this important advantage, every policy will ex-
pressly state what sum can at any time be withdrawn on
the discontinuance of the assurance.
The assured will thus always have the option of retain-
ing either an ascertained fixed sum payable at decease,
or, in case of need, of withdrawing a certain amount, ac-
cording t the duration of the Policy, such amounts being
set forth on every Policy, and rendering unnecessary any
future reference to the Company on these points, as is the
case,with ordinary assurances.
Creditors aegurteg the lives of debtors will appreciate
this feature as one greatly protective of their interests, and
it will likewise commend itself to bankers, capitalists, and
others who are in the habit of making advances collaterally
secured by Life Policies, as they can at any time learn, by
al limitations. taalatdi odni
addition
mere inspection, the exact value, either immediate or re-
versionary, of a Policy of this description.
Every Policy issued on this plan will be without any
conditions as to voyaging-, foreign residence, or other usual
securities.on Bt
oythis freedom from restrictions of all kinds
the number of premiums the objections before referred to will be entirely removed,
and the Policies will become at once positively valuable as
t er mforegoingm s iss tstrictly
defined.statement o f
Theori vn tag e s
longest,
a 1 provided
others forh
holding
twenty-fiveng
policies
of
tyears,his andcs theclass
as
security,shortest
five years, as shown by the Tables. Thus, bankers, credi-
tors,may always know the utmost amount they may be called
upon to advance so as to maintain the full benefit of the
Assurances—a matter of great importance where policies
are held as collateral security.
It is only necessary to add that, •as a consequence of the
policies under these tables being unforfeitable and uncon-
ditional, they will also be unchallengeablo on any ground
whatever. They may therefore be aptly termed Absolute
Security Policies.
The PRUDENTIAL ASSURANCE COMPANY pos-
sesses an income of £215,000 a year. Its position is un-
questionable, and it obtains the largest amount of new
business of any office in the Kingdom. SPECIAL
AGENTS WANTED.

HENRY HARDEN, Secretary.

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, 18'67, after deduction of this
bonus—that is to say, with the debit of £772,740 13s. 9d.

SURPLUS FUND ACCOUNT. 30TH JUFE, 1868.
Dn. -lawcomE oar _TILE 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 3
Interest from invest-
ments 117,584 7 8

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

X 1,317,207 2 11
CHARGE OF THE YEAR.
Dividend to proprietors £8,877 5 0
Claims on decease of lives
assured .. ....e
........ £265,523 13 5
Additions to thos under
participating policies... 22,816 4 7
Policies surrendered ...... 28,642 11 3
Re-assurances, now ...... 3,270 15 4
Ditto, old ................... 50,365 0 8

Commission
....£370,618 5 3
........... I.l' 702 15 0
Medical fees
............... 751 16 2
Income tax ..............anage-
2,215 4 7
Expenses of m.
ment ........................ 15,489 8 5
409,777 9 5

Total charge .....................
...... 90‘,502 8 6
Balance of account, 30th June 1868 ...... £409,65_4 14 5

£1,317,207 2 11
Examined and approv
HENRY ROSE,
The total income of the yea Auditors.
it will be seen, is £544,466
THOMAS ALLEN,/
ea
9s. 2d., and the total outgo 14s. 5
£409,654 Auditors.
d. ; 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.

A , ,
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.
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 officeshist 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 :
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, &c. (1867) 6,369,169 11 7
Proprietors' fund ...........
Surplus fund as before 907,552 8 6

Total X 7,565,198 1 3
CR. ASSETS.
Amount invested in fixed mortgages X1,460,772 2 7
Ditto ditto decreasing ditto
Ditto ditto reversions
Ditto ditto funded securities 479,932 13 3
Ditto ditto temporary securities
Current interest on the above invest-
ments
Cash and bills
Advanced on security of the company's
......... 159,503 14 9
Agents' balt.ricos .............................. 27,112 9 6
Sundry accounts .............................. 112,460 15 0
Value of premiums (1867) ..............4,506,167 lB 0
Value of re-assurancesB6,B6o 13 9

THOMAS ALLEN)
Total .................................... £7,565,108 1 3
Examined and approved.
HENRY ROSE, '3
Auditors.
The present disposition of the Company's funds is shown
by this account. On comparing it with that of 1867, it
will bo observed that further investments have been mado
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 £3,050,030
3s. 3d.
The direction of the company is now constituted as
follows
Tho Right Hon. Sir JOHN YOUNG, Bart., K.C.B. 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.
Wm. Augustus Guy, M.D.,
F.R.S.

Chas. Thos. Holcombe, Esq.
Joshua Lockwood, Esq.
James Murray, Esq.
Philip Rose, Esq.
George Russell, Esq.
Thos. Godfrey Sambrook°,
Esq.
Admiral Tindal.'