The Sun.
London, England, 1869-03-05 00:00:00

EAGLE INS
Lox ON.NCE COMPANY,
L

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, Chairman of the Company, in
the '`hair.
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 JUYE, 1868.
PR. INCOME OF TILE YEAR.
Balance of account, 30th •
June, 1867, £981,514 13 9
Less amount distributed
as bonus 208;1-r
-L n 0
------- -0772,740 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 3

£498,395 15 11
Profit and loss, balance
of account 46,070 13 3
Total income 544,466 9 2

£1,317,207 2 11

CR. CHARGE OP THE YEAR
£8,877 5 0
Dividend to proprietors
Claims on decease of lives
assured £265,523 13 5
Additions to those under
participating polici.. 22,816 4 7
Policies surrendered 28,612 11 3
Re-assurances, new 3,270 15 4
Ditto, old 50,365 0 8

Commission 1.55 30
Medical fees '7sl 16 2
Income tax .............. 2,215 4 7
Expenses of manage-
ment
15,489 8 5
400,777 9 5

Total charge
... ........ £409,654 14 5
.....
Balance of account, ~.u.,,,..
18.68 ...... 907,552 8 6

£1,317,207 2 11
Examined and approve
THOMAS ALLEN} Auditors.
HENRY ROSE,
The total income ofthe y r, it will be son, is £544,466
98. 2d., and the total outgo -ea£4o9 651 14s. sd. ; the diffe-
rence, or the sum laid
the fund again to £907,552 Bs. .6d.
The interest received durig the year is £117,584 7s.
i 131,811 14s. 9d.—raises
assets of
3d., arising from the pbryo-duvcitzive portion of the realised
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 ii the profit shown of £46,070
£2,897,157, mentioned in the last year's report.
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 considerable reduction too, appears in the amount
The claims on decease of lives assured are nearly iden-
ticalof prerniiims paid for re
e.d..,..&..c...
...
..
........
.•) 173,792 10 0
in amount with those of 1866• They are less than
those of last year by nearly £l9 000.
reassurance, 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 :
DR. LIABILITIES.
Interest due to proprietors
Claims on decease of lives assured, and
Sundradditions thereto unpaid
6,36691:513690
114 5
y accounts ..... ,
PLriaobpiiiiietytoursn,dfeurndsum...s..a.s..s.u.
..
Surplus fund as before ......... 907,552 8 6

adsiomgordtigtatoge!...
Total .................................... £7,565,198 1 3
On. ASSETS.
Ditto
ount idnvitetosted in fixed
... £1,460,772 2 7
Iree 183,979 17 10
Ditto ditto rever5i0n5........... 347,136 5 5
Ditto ditto funded securities ...... 479,932 13 3
Ditto ditto temporary securities . 142,424 011
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
..................................... 159,503 14 9
Agents' balf Aces .............................. 27,112 9 6
Sundry accounts .............................. 112,460 15 0
Value of premiums (1867) ............ 4,506,167 18 0
Value of re-assurances ........................ 86,860 13 9

Examined and approved.
Total .............. ......
HEiO
NRY ROSE, E.CN7,,51.65,198 1 3
di
The present dispositionof the Company's fundAsuissthoors.
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 Boddington, Esq.
Charles Chatfield, Esq•
Sir J. Buller East, Bart.,

Chas. Thos. rfolcombe, Esq.
Joshua Lockwood, Esq.
James Murray, Esq.
Philip Rose, Esq.
George Russell, Esq.
Thos. Godfrey Sa.mbrooke,
Esq.
Admiral Tindal.;

D.C.L.
Robert A. Gray Esq.
Wm. Augustus Guy, M.D.