The Sun.
London, England, 1869-09-07 00:00:00

'TITAN NIA FIRE ASSOCIATION
TTead Offices, 429, Strand, London.
The distinguishirez fentnres of this Association are
Equitable Rates
Undoubted Security.
rrompt settlement of claims.
JOHN MESSENT, Manager.

EAGLE INSURANCE COMPANY,
LONDON.
REPORT OF THE DIRECTORS,
For the Yenr ending Roth June, 1869, re-ha at the Annual
General Meeting of Proprietors, 13th August, 1869,
WILLIAM FREDERICK DE LA 1-tITF,, ESQ., Deputy-
Chairman of the Company, in the Chair.
The Report which the directors have now to submit to
the proprietors differs in its tenor but little save in ono or
twc particulars from that laid before then, in 1868.
The income of the year, it will be seen, amounts to
£510,499 18s., and the total charge to .£145,077 10s. 9d.
The difference, £95,422 7s. 3d., added to the balance of

the surplus fund at the commencement of the financial
year, raised that item to £1,002,974 15s. 9d., its present
amount.
SURPLUS FUND ACCOUNT, JUNE 30, 1869.

INCOME OF THE YEAR.
,C s. d. £ s. d

Balance of account, 30th
June, 1863
Premiums on new assur-
ances
Ditto on old ditto 357,988 7 0

907,L52 8 6

371,518 12 1
Interest from investments 120,939 12 10

492,508 4 11

Profit and loss, balance of
account

47,991 13 1

TOZAL Inconm

&;;0,400 13 0

X',148,052 6 G
Examined and approved.
T ROM A S ALT EN,I
r Auditors,
HENRY ROSE, )
• CHARGE OF THE I EAR,
R. X F. d.

£ a. d.
8,880 4 0

'Dividend to proprietorA
.31:ihns on ddeettso of lives
assured
.thlitions to those under

participating policies 21,304 6 6
!uncles surrendered
3,e-assurances new
Ditto old 51,009 4 1

405.561 12 1
Commission
3ledical fees
Income ta x 3,017 15 8
Expenses of management 16,238 9 10

436,187 6 9

Total charge
Balance of account, Juno 30, 1869, as per
balance-sheet

£1,448,052 6 6

The total of premiums received is £371,548 12s. Id., of
which sum £13,560 ss. id. is for new assurances effected
in the year. _ _ _

The inter, st from investments is £120,959 12s. 10d., or
£4 2s. per ceLt. on the net amount of the company's
realised assets existing in June, 1868 ; and in connection
with this important feature of the company's affairs the
directors have the satisfaction of reporting that the profit
and loss Recount again exhibits a considerable profit,
amounting this year within a trifle to the sum of £48,000.
It may be remembered that, a profit of nearly equal amount
was announced in last year's report.
Turning to the items constituting the charge of the
year, it will be noticed that the sum payable in satisfac-
tion of claims on decease of lives assured is larger than
usual. This circumstance, however, is not very material;
as was observed o i a previous occasion, the proper quin-
quennial average is generally pretty sure to obtain, and
the fact that the average for the past two years barely ex-.
ceeds .£30,000 tends to confirm that statement.

The expenses of management aro greater by nearly
£BOO than they were last year. They would have been
materially less but for the unavoidable cost of transferring
the company's securities into tho names of additional trus-
tees. Tpken as they are, however, those expenses must
be regarded as very moderate. It will be observed that
they are only three per cent. of the total income.
BALANCE-SHEET, JUNE 30, 1869.
DR. LIABILITIES.
Interest due to proprietors
Claims on decease of lives assured, and

£6,757 17 0

additions thereto unpaid 108,940 6 7
Sundry accounts
Liability under sums assured, &c. (1867) 6,336,626 8 2
Proprietors' fund
Surplus fund

£7,675,813 Q 10
Examined and approved.
THOMAS ALLEN,} Auditors.
lIENRY ROSE,
ASSETS.

Amount invested in fixed mortgages £1,661,699 9 2
Ditto ditto decreasing ditto 162,770 15 2
Ditto ditto Reversions 278,5.57 16 6
Ditto ditto Funded securities 491,303 4 2
Ditto ditto Temporary secu-
rities 198,207 17 0
Cur rent interest on the above investments 30,934 4 6
Cash and bills 12,256 15 10
Advanced on security of the company's
policies
166,387 1 8
Agents' balances
Sundry accounts
Value, of premiums (1867)
Value of re-assurances 85,706 14 5

£7,675,813 0 10
The balance-sheet does not appear to call for any re-
mark. The assets are, of course, increased by the sum of
£95,422 :'d. Already mentioned, as is shown by tha
augmentation to that extent lu the balance of the surplus
fund. • . _

The Direction of the Company is now constituted as
follows:—
WILLIAM FREDERICK DE LA RUE, ESQ., Chairman.
ROBERT ALEXANDER GRAY, ESQ., Deputy-Chairman
Charles Bischoff, Esq. James Murray, Esq.
Thomas Itoddington, Esq. Philip Bose, Esq.
C,,aries lItaifi:•1(1, Esq. goorgo Russell, Esq.
Si rJ. Fast, Bt., D.C.T. -1 booms Godfrey Sambrook,,
Wm. Augustus Guy, M. D., I Esq.
I Admiral Tindal.
Char!e,Thos.llulcombe,Esq Right [lon. Sir John Young
Joshua Lrcliwo I, ,d, Esq. Bart., K.C.B.

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