The Sun.
London, England, 1869-02-20 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, 301 u JUTE, 1868.
Pu. INCOME OF TILE YEAR.
Balance of account, 30th
June, 1867, £981,514 13 9
Less amount distributed
as bonus 208,774 0 0
£772,7-10 13 9
Premiums on new assur-
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 £498,895 15 11
of account
Total income
--- 544,466 9 2

CR. CHARGE OF £1,317.207 2 11
THE 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 28,642 11 3
Ile-assurances, new
Ditto, old

£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

.
THOMAS ALLEN,/
£1,317,207 2 11
Examined and approv ‘,l
HENRY ROSE, j
Auditors.
The total income of the year, it will be seen, is £544,466
9s. 2d., and the total outgo £409,651 14s. M. ; the diffe-
rence, or the sum laid by—viz., £134,811 14s. 9d.—raises
the fund again to £907,552 Bs. 6d.

Tho 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 £sl2s. per cent.
The premiums on new assurances are £14,596 ls. 9d.,
and of this sum £3,270 los. 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
pehnasevsmogf
int earnmagi neamteedn
tbayr
ed elaetshs
tahnadnotthhoeser cao
fu
last
year yeTarhbeyexupwards 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 5-1
per cent. on the total income.
The balance-sheet is as follows:
DB. LIABILITIES.
Interest due to proprietors
6,369,169 11 7
61,530 4 5
45,875 13 6
Claimstt
ioyonanuesend
otdehuce
ener
rat
sess
ute
omoufs
nal
pi
svas
dsr e d assured,:e.(
18a6n7d)
173,792 10 0
Proprietors' fund
907,552 8 6
Surplus fund as before

Total £7,565,198 1 3
CR. ASSETS.
Amount invested in fixed mortgages £1' 460, d -72
2 7
Ditto ditto decreasing ditto
Ditto ditto reversions 347,136 5 5
Ditto ditto funded securities
Ditto ditto temporary securities
Current interest on the above invest-
!vents
Cash and bills 22,604 2 9
Advanced on security of the company's
policies.... 159,503 14 9
Agents' baliAces
Sundry accounts
Value of premiums (1867) ..... 4,506,167 18 0
Value of re-assurances 86,860 13 9

f
Total £7,565,198 1 3
Examined and approved.
THOMAS A LLEN,I Auditors.
The present dispositioiniEofNthßeYCßomOpSaEny'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 premiums, the assets amount to £3,059,030
3s. 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.
Thomas Boddingtou Esq.
Charles Chatfield, isq•
Sir J. Buller East, Bart.,

Chas. Thos. Holcombe, Esq.
Joshua Lockwood, Esq.
James Murray, Esq.
Philip Rose, Esq.
George Russell, Esq.
Thos. Godfrey Sambrooko,
Esq.
Admiral Tindal.:

-
Robert A. Gray' Egg. --
Wm. Augustus Guy, M.D.,
F.R.S.