The Sun.
London, England, 1869-03-06 00:00:00

ABSOLUTE SECURITY POLICIES, UN-
FORFEITABLE, UNCONDITIONAL, and UN-
CHALLENGEABLM, issued by the PRUDENTIAL
ASSURANCE COMPANY, 62, Ludgate-hill, Loudon,

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-
cialls 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 etniuin 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pressly state what sum can at any time be withdrawn on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 assuring 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
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
limitations. By this freedom from restrictions of all kinds
the objections before referred to will be entirely removed,
and the Policies will become at once positively valuable as
actual securities. _

In addition to the foregoing statement of advantages,
the number of premiums is strictly defined. Tho longest
term provided for is twenty-five years, and the shortest
five years, as shown by the Tables. Thus, bankers, credi-
tors, and others holding policies of this class as security,
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 unchallengeable 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 tho Kingdom. SPECIAL
AGENTS WANTED.

lIENRY IJARBEN, Secretary.

THE ROYAL HOSPITAL for DISEASES of
the Cli.eiST, Tbe wards for in-patients
out-patients are constantly full, those for crowded daily.
FUNDS greatly needed.
CHARLES L. KEMP,
Secretary.

HOSPITAL for DISEASESGolden-square, W.
President—His Grace the Duke of GRAFTON.
The Committee of Management earnestly APPEAL for
FUNDS to help them to meet the heavy current expenses.
Upwards of 18,000 poor persons have been relieved in the
last six years. of the THROAT,

GEORGE WOOD, 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
WET 11ElaLL, 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
V0R,774. The surplus fund account, as under, commences
with the balance of June, 1807, after deduction of this
bonus—that is to say, with the debit of £772,740 13s. Od.

SURPLUS FUND ACCOUNT. 30Tir JUYE, 1868.
Mt. INCOME OF TILE YEAR.
Balance of account, 1/otli
June, 1867, 4'981,514 13 9
Less amount distributed
as bonus 208,774 0 0

Premiums i n new assur-
.£772,710 13 9
ances
Ditto on old ditto 366,215 7 3

Interest from invest-
£380,811 8 3
ments 117,584 7 3

Profit and loss, balance £498,395 15 11
of account ....
Total income....

46,070 13 3

544,4GG 9 2

.£1,317,207 2 11

CR. CHARGE OF TIIE YEAR
Dividend to proprietors
Claims on decease of lives
assured £265,523 13 5
Additions to those under

_____ ,
participating policies 22,816 4 7
Policies surrendered 28,612 11 3
Re-assurances, new
Ditto, old 50,365 0 8

£370,61.8 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 ~.. £409,654 14 5
Balance of account, 30th June 1868 907,552 8 6

£1,317,207 2 11

Examined and approvo
THOMAS ALLEN}
HENRY ROSE, Auditors.
The total income of the year, it will be seen, is £544,466
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 £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
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, Ice. (1867) 6,369,469 11 7
Proprietors' fund
Surplus fund as before 907,552 8 6

£6,977 13 3

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 347,136 5 5
Ditto ditto funded securities 479,932 13 3
Ditto ditto temporary securities
Current interest on the above invest-

nients
Cash and bills _ _ _

36,243 7 6
22,604 2 9

Advanced on security of the company's
policies....
Agents' baloaces
Sundry accounts
Value of premiums (1867) .... 4,506,167 18 0
Value of re-assurances 86,860 13 9

Total £7,565,198 1 3
Examined and approved.
THOMAS A LLEN,}
Auditors.
HENRY ROSE,
The present disposition of 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 indicating the value
of the future preuniums, the assets amount to £3,059,030
as. 3d.

The direction of the company is now constituted as
follows :

The Right Hon. Sir JOHN YOUNG, Bart., K.C.B. Chair-

man.
WILLIAM FREDERICK DE LA RUE Esq., Deputy-
Chairman.
Charles Bischoff, Esq. Chas. Thos. Holcombe, Esq.
Thomas Boddingt on, Esq. Joshua Lockwood, Esq.
Charles Chatfield, Esq. James Murray, Esq.
Sir J. Buller Es st, Bart, Philip Rose, Esq.
D.C.L. George Russell, Esq.
Robert A. Gray-4 Esq. Thos. Godfrey Sambrooke,
Wm. Augustus Guy, M.D., Esq.
F.E.S. I Admiral Tindal.:

ROYAL HOSPECAL for INCURABLES,
West-hill, Putney-heath.
Established 31st July, 1854.
This Institution exists for the comfort. and relief of per-
sons (being above the pauper class) afflicted with incur-
able bodily disease.
Relief is amedical attendance, afforded-Ist. B
and supplying
)lrequisitesyin a
home,
ethowiinth
nursing, -
valid.
2d. By granting an annuity of £2O to patients at their
own homes.
A new wing to the Hospital has last been completed
at a cost of upwards of .£lO,OOO, and FUNDS are urgently
NEEDED to liquidate the expenses incurred.
There are 120 inmates and 237 pensioners, all entirely
dependent upon voluntary subscriptions.
Nearly 300 approved applicants are awaiting election.
For the maintenance of present operations, for the ex-
tension of the benefits of the Charity, donations, and espe-
cially annual subscriptions, are earnestly solicited. Life.
subscriptions, £5 ss. and upwards; annual subscriptions,
half a guinea and upwards, with votes in proportion.
Information will be supplied, with the greatest pleasure,
upon application to the Secretary, by whom contributions
will be thankfully received.
FREDERIC ANDREW, Secretary.
No. 10. Poultryi_London, E.C. September, 1868.